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Teen Social Entrepreneur Michael Platt's Book Michaels Desserts to Launch "Our Tomorrow" Series in Fall 2022
Our Tomorrow: Inspiring, Uplifting, and Empowering the Next Generation of Leaders
NEW YORK, Aug. 5, 2022 /PRNewswire/ -- Sixteen-year-old Michael C. Platt's highly anticipated cookbook Michaels Desserts (Mixed Media Resources; Paperback/eBook; On Sale: Nov. 1, 2022; $19.95; ISBN: 978-1684620470) will be the first title in the Our Tomorrow series published by Mixed Media Resources LLC, The Oracle Group International announced today. The food justice advocate will debut as the first of four authors in a groundbreaking series created to amplify the voices of teen activists using their gifts to make the world a better place.
Within his cookbook, Michael C. Platt tells the incredible story of how baking helped him manage epileptic seizures after his disability diagnosis at nine years old. Michael remains one of the premier teen bakers in the country and turned his passion for dishing out delectable sweets into a business and charity.
In Michaels Desserts, he shares the inspiration behind his advocacy to end food insecurity and gives tips for ensuring people have access to food in their communities. Featuring over 44 easy-to-do recipes named after notable historical figures, including Michael's signature Freedom Fighter Cupcakes, this fun, accessible cookbook is perfect for kids learning how to bake or anyone who wants to discover delicious dessert recipes.
Michael has been featured in the Kids Baking Championship on Food Network, Capital Gazette, WUSA9 news, CBS News, PGCTV News, TEDx Talks, Good Morning America, CNN, Washington Post, People.com, Guideposts, and more.
The Our Tomorrow book series is geared toward middle school readers, assembling a diverse lineup of bright young social entrepreneurs, global community leaders, and activists who share their inspirational stories and provide ideas for solving today's challenges for the promise of a better tomorrow.
Distributed by Union Square Books. Publicity is in partnership with The Oracle Group International. "Consciously founded, The Oracle Group International creates opportunities to celebrate diverse voices and empower future writers and literary activists to use 'the power of the pen," says CEO Mocha Ochoa. "I am honored to partner with the Our Tomorrow series to assist in the building and implementation of this new initiative." Upcoming releases include Books N Bros by Sidney Keys III and Kindness Is My Hobby by Ruby Kate Chitsey.
Mixed Media Resources LLC is an industry leader in the world of craft and DIY books, publishing widely distributed book and booklet titles in knitting, crochet, drawing, adult coloring, and cartooning. In 2022, MMR created Our Tomorrow, an inspirational book series geared toward middle schoolers and written by teen activists who are actively engaged in bringing positive change to the world.
The Oracle Group International is a globally recognized literary public relations and marketing agency that specializes in producing events that promote literacy. Our primary focus is to connect authors with events that engage and uplift the local, national, and global communities. https://theoraclegroupinc.co/
Information (under construction):
http://www.ourtomorrowbooks.com/
PHOTO: https://www.Send2Press.com/300dpi/22-0803-s2p-Michaels-Desserts-300dpi.jpg
This release was issued through Send2Press®, a unit of Neotrope®. For more information, visit Send2Press Newswire at https://www.Send2Press.com
SOURCE The Oracle Group International
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https://www.prnewswire.com/news-releases/teen-social-entrepreneur-michael-platts-book-michaels-desserts-to-launch-our-tomorrow-series-in-fall-2022-301600578.html
| 2022-08-05T11:14:15
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DUBLIN, Aug. 5, 2022 /PRNewswire/ -- The "Top 10 Takeaways from the 18th Annual Customer Contact East: A Executive MindXchange" report has been added to ResearchAndMarkets.com's offering.
The 18th Annual Customer Contact East: An Executive MindXchange in sunny Fort Lauderdale was packed with innovative, collaborative, and analytical in sunny Fort Lauderdale was packed with innovative, collaborative, and analytical executives.
Enthusiasm levels were high, and participants dove into each of the sessions with great energy. As a result, they were able to learn, share experiences, and have fun while meeting new colleagues, thought leaders, partners, suppliers, and customers.SEA
It comes as no surprise that this was the first face-to-face event for many since the pandemic, which has heavily impacted the customer experience (CX) arena as well as our own personal and professional lives. During the last two years, we witnessed rapid adoption of disruptive technologies and innovative practices across industries, particularly within the contact center landscape. On average, digital transformation strategies worldwide sped up 6.5 years due to the pandemic.
This paper will provide the top 10 takeaways from some of the most insightful sessions of the event, backed up with findings from research and other sources.
For more information about this report visit https://www.researchandmarkets.com/r/zgt5e4
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Logo: http://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
SOURCE Research and Markets
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https://www.prnewswire.com/news-releases/top-10-takeaways-from-the-18th-annual-customer-contact-east-conference-301600669.html
| 2022-08-05T11:14:21
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- Adjusted EBITDA(1),(2) of $279 million, in line with expectations, a decrease of 13% over the same period in 2021
- Free Cash Flow ("FCF")(1) of $145 million, or $0.54 per share, a decrease of $0.03 on a per-share basis compared to the same period in 2021
- Loss before income taxes of $22 million, a decrease of $94 million from the same period in 2021
- Net loss attributable to common shareholders of $80 million or $0.30 per share, compared to a loss of $0.04 per share for the same period in 2021
- Cash flow used in operating activities of $129 million, an increase of $209 million from same period in 2021
- Announced a 10-year contract extension, receipt of waiver from bondholders and commencement of rehabilitation plan at Kent Hills wind facilities
- Announced the 200 MW Horizon Hill wind project supplying Meta with renewable power under a long-term Power Purchase Agreement ("PPA")
- Secured capacity commitment extensions for three of the large industrial customers at the Sarnia cogeneration facility (one to 2031 and two to 2032)
- Reached agreement with BHP Nickel West to expand the Mount Keith 132kV transmission system in Western Australia
- Executed a long-term PPA for the remaining 30 MW of capacity at the Garden Plain wind project
- Added 325 MW to our renewable development pipeline in Canada and the United States
- Received an upgraded MSCI ESG Rating of 'A' from 'BBB'
- Announced a US$25 million investment in Energy Impact Partners Deep Decarbonization Frontier Fund 1
- Received a decision from the Court of Appeal upholding TransAlta's favourable force majeure arbitration decision
- In the year-to-date returned $18 million of capital to common shareholders through share buybacks of 1.4 million common shares
- Launched our new visual identity and "Energizing the Future" campaign
- Completed the conversion of elected Series C to Series D Preferred Shares which began trading on the TSX on June 30, 2022 under the symbol TA.PR.G
CALGARY, AB, Aug. 5, 2022 /PRNewswire/ - TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC) today reported its financial results for the three and six months ended June 30, 2022.
"TransAlta delivered solid second quarter results for 2022. Our Alberta Electricity Portfolio performed as anticipated, despite higher natural gas prices and compressed market heat rates, demonstrating the value of our strategically diversified fleet in Alberta and its ability to generate cash flow under dynamic market conditions. Our Alberta Wind and Hydro segments led our results, benefiting from the higher pricing environment and stronger production. Our Alberta Gas segment had limited opportunity to benefit from higher power prices realized in the market as it was highly hedged during the quarter," said John Kousinioris, President and Chief Executive Officer. "The contributions from our new contracted assets at Windrise and North Carolina Solar and the exceptional results in our Energy Marketing segment further supported our financial results for the quarter as we continue to track towards the midpoint of our 2022 guidance."
Set out below are additional highlights from the quarter on TransAlta's business activities, including the Company's progress on advancing its Clean Electricity Growth Plan as well as details regarding the Company's financial performance and liquidity.
On June 2, 2022, TransAlta Renewables announced its rehabilitation plan for the Kent Hills wind facilities together with the execution of amended and extended contracts with New Brunswick Power Corporation ("NB Power") in respect of each of the Kent Hills 1, 2 and 3 wind facilities providing for an additional 10-year period to December 2045 and an effective 10 per cent reduction to the original contract prices from January 2023 through December 2033. In addition, both parties have agreed to work in good faith to evaluate the installation of a battery energy storage system at Kent Hills and to consider a potential repowering of Kent Hills at the end of life in 2045. The Company also obtained a waiver for the Kent Hills wind non-recourse bonds ("KH Bonds") from the project bond holders and entered into a supplemental indenture with the bond holders that facilitates the rehabilitation of the Kent Hills 1 and 2 wind facilities.
On April 5, 2022, TransAlta executed a long-term renewable energy PPA with a subsidiary of Meta Platforms Inc. ("Meta"), formerly known as Facebook, Inc., for 100 per cent of the generation from its 200 MW Horizon Hill wind project to be located in Logan County, Oklahoma. Under this agreement, Meta will receive both renewable electricity and environmental attributes from the Horizon Hill facility. The facility will consist of a total of 34 Vestas turbines with construction expected to begin in late 2022 and a target commercial operation date in the second half of 2023. TransAlta will construct, operate and own the facility. Total construction capital is estimated between US$290 million and US$310 million and is expected to be financed with a combination of existing liquidity and tax equity financing. Over 90 per cent of project costs are fixed under executed turbine supply agreements and engineering, procurement and construction agreements. The project is expected to generate average annual EBITDA between US$27 million and US$30 million, inclusive of production tax credits.
During the second quarter of 2022, the Company executed contract extensions for the supply of electricity and/or steam with the remaining three of its industrial customers at the Sarnia cogeneration facility. These agreements will extend the delivery term for electricity and/or steam from Dec. 31, 2022 to April 30, 2031, in one case, and to Dec. 31, 2032, for the other two, with all agreements being subject to certain conditions, including the Company entering into a new contract with the Ontario Independent Electricity System Operator (the "IESO"). The current contract with the IESO, in respect of the Sarnia cogeneration facility expires on Dec. 31, 2025. On July 19, 2021, the IESO released its Annual Acquisition Report, which included draft details for medium- and long-term procurement mechanisms for capacity for 2026 and beyond for existing and new generation. The Company has bid into the procurement process developed by the IESO and is seeking to secure a contract extension for the Sarnia cogeneration facility following the end of the current contract term. The Company expects the IESO to announce the successful bids in the third quarter of 2022.
On May 3, 2022, TransAlta Renewables exercised its option to acquire an economic interest in the expansion of the Mount Keith 132kV transmission system in Western Australia, to support the Northern Goldfields-based operations of BHP Nickel West ("BHP"). Total construction capital is estimated at between AU$50 million and AU$53 million. Southern Cross Energy, a subsidiary of the Company, has entered into an engineering, procurement and construction agreement for the expansion. The project is being developed under the existing PPA with BHP, which has a term of 15 years. It is expected to be completed in the second half of 2023 and will generate annual EBITDA in the range of AU$6 million to AU$7 million. The project will facilitate the connection of additional generating capacity to our network to support BHP's operations and increase their competitiveness as a supplier of low-carbon nickel.
During the second quarter of 2022, the Company entered into a long-term PPA for the remaining 30 MW of renewable electricity and environmental attributes at the Garden Plain wind project in Alberta with a new investment-grade globally recognized customer. The 130 MW Garden Plain wind project, which was announced in May 2021 with a 100 MW PPA contracted to Pembina Pipeline Corporation ("Pembina"), is now fully contracted with a weighted average contract life of approximately 17 years. Construction is underway with a target commercial operation date in the second half of 2022.
During the second quarter of 2022, TransAlta identified Amazon Energy LLC ("Amazon") as the customer for the 300 MW White Rock Wind projects, to be located in Caddo County, Oklahoma. On Dec. 22, 2021, Amazon and TransAlta entered into two long-term PPAs for the supply of 100 per cent of the generation from the projects. Construction is expected to begin in the second half of 2022 with a target commercial operation date in the second half of 2023.
During the second quarter of 2022, The Company has entered into a commitment to invest US$25 million over the next four years in EIP's Deep Decarbonization Frontier Fund 1 (the "Frontier Fund") that will invest in early-stage, innovative technology companies that will accelerate the transition to net-zero greenhouse gas emissions. TransAlta's investment in the Frontier Fund provides the Company with the opportunity to identify, pilot, commercialize and bring to market emerging technologies that will support its decarbonization goals.
During the second quarter of 2022, TransAlta's MSCI ESG Rating was upgraded to 'A' from 'BBB'. The upgrade reflects the Company's strong renewable energy growth compared to peers. In 2021, the Company grew its installed renewable energy capacity by 15 per cent through acquisition and construction of solar and wind facilities and secured 600 MW in additional renewable energy projects. In line with its goal to reduce carbon emissions by 75 per cent from 2015 emissions levels by 2026, TransAlta also completed coal-to-gas conversions of its Canadian coal-fired facilities in 2021, nine years ahead of Alberta's coal phase-out plan.
On June 9, 2022, the Alberta Court of Appeal released a unanimous decision dismissing ENMAX Energy Corporation's and the Balancing Pool's application seeking to set aside an arbitration decision in favour of the Company. The Court of Appeal upheld the Company's claim of force majeure that arose when its Keephills 1 generating unit tripped offline in 2013. As a result of the decision, the Company's claim of force majeure remains valid and the associated costs of the force majeure event will not be reassessed against TransAlta.
On May 24, 2022, the Toronto Stock Exchange ("TSX") accepted the notice filed by the Company to renew its normal course issuer bid ("NCIB") for a portion of its common shares. Pursuant to the NCIB, TransAlta may repurchase up to a maximum of 14,000,000 common shares, representing approximately 7.16 per cent of its public float of common shares as at May 17, 2022. Purchases under the NCIB may be made through open market transactions on the TSX and any alternative Canadian trading platforms on which the common shares are traded, based on the prevailing market price. Any common shares purchased under the NCIB will be cancelled. The period during which TransAlta is authorized to make purchases under the NCIB commenced on May 31, 2022 and ends on May 30, 2023, or such earlier date on which the maximum number of common shares are purchased under the NCIB or the NCIB is terminated at the Company's election.
The NCIB provides the Company with a capital allocation alternative with a view to ensuring long-term shareholder value. TransAlta's Board of Directors and Management believe that, from time to time, the market price of the common shares does not reflect their underlying value and purchases of common shares for cancellation under the NCIB may provide an opportunity to enhance shareholder value.
During the six months ended June 30, 2022, the Company purchased and cancelled a total of 1.4 million common shares at an average price of $12.50 per common share, for a total cost of $18 million.
On June 16, 2022, the Company announced that 1,044,299 of its 11,000,000 currently outstanding Cumulative Redeemable Rate Reset First Preferred Shares, Series C ("Series C Shares") were tendered for conversion, on a one-for-one basis, into Cumulative Redeemable Floating Rate First Preferred Shares, Series D ("Series D Shares") after having taken into account all election notices following the June 15, 2022 conversion deadline.
On June 20, 2022, the Company announced a new visual identity including logo and tagline "Energizing the Future". The new visual identity encapsulates the TransAlta of today while reinforcing the Company's focus as a leader in creating a carbon-neutral future for our customers.
The Company continues to maintain a strong financial position in part due to long-term contracts and hedged positions. At the end of the second quarter, TransAlta had access to $1.9 billion in liquidity, including $0.9 billion in cash and cash equivalents.
On Sept 28, 2021, the Company announced the strategic targets associated with its Clean Electricity Growth Plan.
As of August 4, 2022, the Company has made significant progress in achieving the targets of the Clean Electricity Growth Plan. Refer to Strategy and Capability to Deliver Results in the Company's Management's Discussion and Analysis (MD&A) for further details.
During the second quarter, the Company added 325 MW to its renewable development pipeline across Canada and the United States.
Adjusted EBITDA(1) for the three and six months ended June 30, 2022 decreased by $40 million and $103 million, respectively, compared to the same periods in 2021. The decrease in second quarter financial performance relative to the prior year was driven by changes in market conditions and the positioning of the Company's Alberta Electricity Portfolio. This was partly offset by exceptional performance in the Energy Marketing segment from short-term trading of both physical and financial power and gas products.
Earnings before income taxes for the three months ended June 30, 2022 decreased $94 million compared to the same period in 2021. For the six months ended June 30, 2022 earnings before income taxes increased by $127 million compared to the same period in 2021.
Net loss attributable to common shareholders for the three months ended June 30 2022 was $80 million compared to a net loss of $12 million in the same period of 2021. Loss before income taxes and net loss attributable to common shareholders in the three months ended June 30, 2022, increased primarily due to lower revenues and higher fuel and purchased power costs, partially offset by lower carbon compliance costs, reversal of asset impairment charges impacted by the increase in discount rates, lower OM&A, recognition of insurance related to the replacement costs for a tower at the Kent Hills facility and liquidated damages recognized related to turbine availability at the Windrise wind facility. The previous period was impacted by higher gains on sales with the sale of Pioneer Pipeline in the second quarter of 2021.
Net earnings attributable to common shareholders for the six months ended June 30, 2022, increased by $148 million to net earnings of $106 million compared to a net loss of $42 million in the same period in 2021. Earnings before income tax and net earnings attributable to common shareholders in the six month period ended June 30, 2022, increased primarily due to reversal of asset impairment charges impacted by the increase in discount rates, lower carbon compliance costs, lower depreciation, lower OM&A and recognition of insurance related to the replacement costs for a tower at the Kent Hills facility and the liquidated damages recognized related to turbine availability at the Windrise wind facility partially offset by lower revenue and higher fuel and purchased power costs. The previous period also was impacted by higher gains on sales with the sale of Pioneer Pipeline in the second quarter of 2021.
Cash flow from operating activities for the three and six months ended June 30, 2022 decreased by $209 million and $15 million respectively compared with the same periods in 2021, primarily due to lower cash flows resulting from lower production and lower revenues within all segments except for the Wind and Solar segment. In addition, for the three months ended June 30, 2022, operating cash flows decreased with an unfavourable change in working capital; whereas, for the six month period ended June 30, 2022, operating cash flow increased as a result of favourable working capital changes. The change in working capital for the three and six months ended, June 30, 2022 is primarily due to movements in our collateral accounts related to high commodity prices and volatility in the markets.
FCF(1) for the three and six months ended June 30, 2022 decreased by $10 and $43 million respectively compared with the same periods in 2021, driven primarily by lower adjusted EBITDA, partially offset by higher realized foreign exchange gains and a decrease in sustaining capital spending related to fewer planned maintenance turnarounds.
The spot power price increased to $122/MWh and $106/MWh for the three and six months ending June 30, 2022, respectively, from $105/MWh and $100/MWh compared to the same periods in 2021, mainly as a result of a higher natural gas prices. However, the power price per MWh of production realized by the Company decreased by $9 and $3 per MWh, respectively, compared with the same periods in 2021.
The Alberta Electricity Portfolio generated gross margin of $168 million and $332 million during the three and six months ended June 30, 2022, a decrease of $73 million and $89 million, respectively, compared to the same periods in 2021. Gross margin was negatively impacted by lower weather-driven demand and a better supplied market in 2022. Ancillary services revenue from the Hydro segment was lower in both periods as a result of lower ancillary prices driven by increasing competition in the ancillary services market. In addition, the Gas and Energy Transition segment results were impacted by lower production due to unit retirements and higher dispatch optimization in response to lower market heat rates. A significant portion of the portfolio was hedged below spot prices, which was partially offset by our favourable gas hedge positions and lower carbon costs. The decrease in gross margins were partially offset by higher gross margins in the Wind and Solar segment mainly due to higher production and higher realized prices.
Hedged production for the balance of 2022 is 3,063 GWh at an average price of $76 per MWh.
Hydro:
- Adjusted EBITDA for the three and six months ended June 30, 2022 decreased by $8 million and $24 million, respectively, compared to the same periods in 2021, primarily due to weaker ancillary service realized prices in the Alberta market driven by increased participants and supply into the ancillary services market as a result of higher gas prices, as well as higher OM&A costs due to increased insurance premiums.
Wind and Solar:
- Adjusted EBITDA for the three and six months ended June 30, 2022, increased by $33 million and $46 million, respectively, compared to the same period in 2021, primarily due to higher production, higher realized merchant pricing in Alberta, higher environmental attribute revenues and recognition of liquidated damages related to turbine availability at the Windrise wind facility, partially offset by an increase in transmission rates. The three and six month periods in 2021 included a one-time reimbursement as a result of the AESO transmission line loss ruling.
Gas:
- Adjusted EBITDA for the three and six months ended June 30, 2022 decreased by $59 million and $60 million, respectively, compared to the same periods in 2021. The decreases were primarily due to lower production, higher natural gas prices and increased natural gas consumption, partially offset by lower carbon costs. The three and six months ended June 30, 2021, were additionally impacted by the unplanned short-term steam supply outages at the Sarnia cogeneration facility. Carbon costs in the period were lower as the facilities in the segment no longer operate on coal. The Company utilized 0.7 million tonnes of emission credits to settle the 2021 carbon compliance obligation, reducing our carbon compliance costs by $7 million in the period. In addition, during the three months ended June 30, 2022, adjusted EBITDA was negatively impacted by lower realized prices in Alberta resulting from hedging activities. Finally, for the six month period ended June 30, 2022, we realized lower legal fees related to the South Hedland PPA dispute settlement.
Energy Transition:
- Adjusted EBITDA for the three and six months ended June 30, 2022, decreased by $14 million and $25 million compared to the same periods in 2021. The decrease is primarily due to the retirements of Keephills Unit 1 and Sundance Unit 4 and higher purchased power costs incurred due to higher power prices during the planned outage at Centralia in 2022, partially offset by higher production at Centralia and lower carbon costs in Alberta. Carbon costs were lower as the Alberta facilities in the segment no longer operated on coal and have now been retired. The Company utilized 0.5 million tonnes of emission credits to settle the 2021 carbon compliance obligation, reducing our carbon compliance costs by $5 million in both the three and six months ended June 30, 2022.
Energy Marketing:
- Adjusted EBITDA for the three and six months ended June 30, 2022 increased by $7 million and decreased by $31 million, respectively, compared to the same period in 2021. The higher gross margin for the three months ended June 30, 2022, was due to short-term trading of both physical and financial power and gas products across all North American markets. The Energy Marketing team was able to capitalize on short-term volatility in the markets in which we trade without materially changing the risk profile of the business unit. For the six months ended June 30, 2022, results exceeded expectations due to favourable trading of both physical and financial power and gas products across all North American markets. The higher revenues for the six months ended June 30, 2021 were due to exceptional short-term volatility in the market.
Corporate:
- Our Corporate overhead costs for the three months ended were in line with expectations and consistent with the prior period. Corporate overhead costs for the six months ended June 30, 2022 increased by $9 million compared to the same period in 2021. The increase was the result of the total return swap on our share-based payment plans partially offset by the receipt of CEWS funding in the first quarter 2021.
TransAlta will hold a conference call and webcast at 9:00 a.m. MST (11:00 a.m. EST) today, August 5, 2022, to discuss our second quarter 2022 results. The call will begin with a short address by John Kousinioris, President and CEO, and Todd Stack, EVP Finance and Chief Financial Officer, followed by a question-and-answer period for investment analysts and investors. A question-and-answer period for the media will immediately follow.
Toll-free North American participants call: 1-888-664-6392
A link to the live webcast will be available on the Investor Centre section of TransAlta's website at https://transalta.com/investors/presentations-and-events. If you are unable to participate in the call, the instant replay is accessible at 1-888-390-0541 (Canada and USA toll free) with TransAlta pass code 715647 followed by the # sign. A transcript of the broadcast will be posted on TransAlta's website once it becomes available.
Notes
We use a number of financial measures to evaluate our performance and the performance of our business segments, including measures and ratios that are presented on a non-IFRS basis, as described below. Unless otherwise indicated, all amounts are in Canadian dollars and have been derived from our audited annual 2021 consolidated financial statements and the unaudited interim condensed consolidated statements of earnings (loss) for the three and six months ended June 30, 2022, prepared in accordance with IFRS. We believe that these non-IFRS amounts, measures and ratios, read together with our IFRS amounts, provide readers with a better understanding of how management assesses results.
Non-IFRS amounts, measures and ratios do not have standardized meanings under IFRS. They are unlikely to be comparable to similar measures presented by other companies and should not be viewed in isolation from, or as an alternative for, or more meaningful than our IFRS results.
Adjusted EBITDA
In the fourth quarter of 2021, comparable EBITDA was relabeled as adjusted EBITDA to align with industry standard terminology. Each business segment assumes responsibility for its operating results measured to adjusted EBITDA. Adjusted EBITDA is an important metric for management that represents our core business profitability. In the second quarter of 2022, our reported EBITDA composition was adjusted to include the impact of closed positions that are effectively settled by offsetting positions with the same counterparty to reflect the performance of the assets and Energy Marketing segment in the period in which the transactions occur. Accordingly, the Company has applied this composition to all previously reported periods. Interest, taxes, depreciation and amortization are not included, as differences in accounting treatments may distort our core business results. In addition, certain reclassifications and adjustments are made to better assess results excluding those items that may not be reflective of ongoing business performance. This presentation may facilitate the readers analysis of trends. Adjusted EBITDA is a non-IFRS measure.
Average Annual EBITDA
Average annual EBITDA is a non-IFRS financial measure that is forward-looking, used to show the average annual EBITDA that the project currently under construction is expected to generate upon completion.
Funds From Operations ("FFO")
FFO is an important metric as it provides a proxy for cash generated from operating activities before changes in working capital and provides the ability to evaluate cash flow trends in comparison with results from prior periods. FFO is a non-IFRS measure.
Free Cash Flow ("FCF")
FCF is an important metric as it represents the amount of cash that is available to invest in growth initiatives, make scheduled principal repayments on debt, repay maturing debt, pay common share dividends or repurchase common shares. Changes in working capital are excluded so FFO and FCF are not distorted by changes that we consider temporary in nature, reflecting, among other things, the impact of seasonal factors and timing of receipts and payments. FCF is a non-IFRS measure.
Non-IFRS Ratios
FFO per share, FCF per share and adjusted net debt to adjusted EBITDA are non-IFRS ratios that are presented in the MD&A. See the Reconciliation of Cash Flow from Operations to FFO and FCF and Key Financial Non-IFRS Ratios sections of the MD&A for additional information.
FFO per share and FCF per share
FFO per share and FCF per share are calculated using the weighted average number of common shares outstanding during the period. FFO per share and FCF per share is a non-IFRS ratio.
Reconciliation of these non-IFRS financial measures to the most comparable IFRS measure are provided below.
The following tables reflects adjusted EBITDA and provides reconciliation to earnings (loss) before income taxes for the three and six months ended June 30, 2022 and June 30, 2021
Reconciliation of Cash flow from operations to FFO and FCF
The table below reconciles our cash flow from operating activities to our FFO and FCF:
The table below bridges our adjusted EBITDA to our FFO and FCF for the three and six months ended June 30, 2022 and June 30, 2021:
TransAlta is in the process of filing its unaudited interim Consolidated Financial Statements and accompanying notes, as well as the associated Management's Discussion & Analysis ("MD&A"). These documents will be available August 5, 2022 on the Investor Centre of TransAlta's website at www.transalta.com or through SEDAR at www.sedar.com and EDGAR at www.sec.gov/edgar.shtml.
TransAlta owns, operates and develops a diverse fleet of electrical power generation assets in Canada, the United States and Australia with a focus on long-term shareholder value. TransAlta provides municipalities, medium and large industries, businesses and utility customers with clean, affordable, energy efficient and reliable power. Today, TransAlta is one of Canada's largest producers of wind power and Alberta's largest producer of hydro-electric power. For over 111 years, TransAlta has been a responsible operator and a proud member of the communities where we operate and where our employees work and live. TransAlta aligns its corporate goals with the UN Sustainable Development Goals and its climate change strategy with CDP (formerly Climate Disclosure Project) and the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. TransAlta has achieved a 61 per cent reduction in GHG emissions since 2015.
For more information about TransAlta, visit our web site at transalta.com.
This news release contains "forward-looking information", within the meaning of applicable Canadian securities laws, and "forward-looking statements", within the meaning of applicable United States securities laws, including the United States Private Securities Litigation Reform Act of 1995 (collectively referred to herein as "forward-looking statements). In some cases, forward-looking statements can be identified by terminology such as "plans", "expects", "proposed", "will", "anticipates", "develop", "continue", and similar expressions suggesting future events or future performance. In particular, this news release contains, without limitation, statements pertaining to: the Company's growth projects, including the Horizon Hill wind project, the Garden Plain wind project and the White Rock wind projects, including expected commercial operation dates thereof; the benefits of the EIP investment; securing contract extensions with the IESO (defined above) and the satisfaction of conditions to the Sarnia cogeneration facility capacity supply commitments with the large industrial customers; the Mount Keith 132 kV transmission expansion project, including the estimated capital, EBITDA and planned completion date; the Kent Hills wind facilities rehabilitation, the timeline to return the turbines to service and the potential installation for a battery storage system at Kent Hills wind facility; the targets associated with the Clean Electricity Growth Plan. These forward-looking statements are not historical facts but are based on TransAlta's belief and assumptions based on information available at the time the assumptions were made, including, but not limited to, the current political and regulatory environment, the price of power in Alberta and the condition of the financial markets. These statements are subject to a number of risks and uncertainties that may cause actual results to differ materially from those contemplated by the forward-looking statements. Some of the factors that could cause such differences include: operational risks involving our facilities; inability to satisfy conditions precedent to the capacity supply commitments with the large industrial customers at Sarnia; inability to secure a successful bid with IESO for a contract extension at the Sarnia cogeneration facility; changes in market prices where we operate; unplanned outages at generating facilities and the capital investments required; equipment failure and our ability to carry out repairs in a cost effective and timely manner; the effects of weather, catastrophes and public health crises; global supply chain disruptions impacting major maintenance and growth projects; disruptions in the source of thermal fuels, water, solar or wind required to operate our facilities, including the necessary natural gas supply; energy trading risks; failure to obtain necessary regulatory approvals in a timely fashion, or at all; inability to satisfy all conditions and requirements associated with announced growth projects; negative impact to our credit ratings; legislative or regulatory developments and their impacts; increasingly stringent environmental requirements and their impacts; increased competition; global capital markets activity (including our ability to access financing at a reasonable cost); changes in prevailing interest rates; currency exchange rates; inflation levels and commodity prices; armed hostilities, including an escalation of the war in Ukraine; general economic conditions in the geographic areas where TransAlta operates; disputes or claims involving TransAlta or TransAlta Renewables; and other risks and uncertainties discussed in the Company's materials filed with the securities regulatory authorities from time to time and as also set forth in the Company's MD&A and Annual Information Form for the year ended December 31, 2021. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect TransAlta's expectations only as of the date of this news release. The purpose of the financial outlooks contained in this news release are to give the reader information about management's current expectations and plans and readers are cautioned that such information may not be appropriate for other purposes and is given as of the date of this news release. TransAlta disclaims any intention or obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Note: All financial figures are in Canadian dollars unless otherwise indicated.
SOURCE TransAlta Corporation
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https://www.prnewswire.com/news-releases/transalta-reports-second-quarter-2022-results-301600642.html
| 2022-08-05T11:14:27
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- Record annualized recurring revenue of $1.51 billion, up 12 percent and 15 percent on an organic basis
- Second quarter total revenue of $941 million, up 6 percent on an organic basis
SUNNYVALE, Calif., Aug. 5, 2022 /PRNewswire/ -- Trimble Inc. (NASDAQ:TRMB) today announced financial results for the second quarter of 2022.
Second Quarter 2022 Financial Highlights
- Revenue of $941.2 million, up 6 percent excluding the effects of divestitures, acquisitions, and foreign currency translation
- Annualized recurring revenue (ARR) was $1.51 billion, up 12 percent year over year
- GAAP operating income was $134.9 million and non-GAAP operating income was $210.7 million
- GAAP net income was $168.0 million and non-GAAP net income was $161.6 million
- Diluted earnings per share was $0.67 on a GAAP basis and $0.64 on a non-GAAP basis
- Adjusted EBITDA of $227.5 million, 24.2 percent of revenue
- Share repurchases of $200.0 million
Executive Quote
"Our second quarter results exceeded expectations," said Rob Painter, Trimble's president and chief executive officer. "Growth in annualized recurring revenue and gross margin demonstrate the potential of our Connect & Scale strategy. We remain committed to investing in our strategy while navigating macroeconomic uncertainties."
Forward Looking Guidance
For the full-year 2022, Trimble now expects to report revenue between $3,760 million and $3,820 million and GAAP earnings per share of $1.89 to $1.99, and non-GAAP earnings per share between $2.70 and $2.80. GAAP guidance assumes a tax rate of 23 percent and non-GAAP guidance assumes a tax rate of 18.5 percent. Both GAAP and non-GAAP earnings per share assume approximately 251 million shares outstanding. A reconciliation of the non-GAAP measures to the most directly comparable GAAP measures and other information relating to these non-GAAP measures are included in the supplemental reconciliation scheduled attached.
Investor Conference Call / Webcast Details
Trimble will hold a conference call on August 5, 2022 at 5:00 a.m. PT to review its second quarter 2022 results. An accompanying slide presentation will be made available on the "Investors" section of the Trimble website, www.trimble.com, under the subheading "Events & Presentations." The call will be broadcast live on the web at http://investor.trimble.com. Investors without internet access may dial into the call at (888) 660-6347 (U.S.) or (929) 201-6594 (international). The conference ID is 1043223. The replay will also be available on the web at the address above.
About Trimble
Trimble is an industrial technology company transforming the way the world works by delivering solutions that enable our customers to thrive. Core technologies in positioning, modeling, connectivity and data analytics connect the digital and physical worlds to improve productivity, quality, safety, transparency and sustainability. From purpose-built products to enterprise lifecycle solutions, Trimble is transforming industries such as agriculture, construction, geospatial and transportation. For more information about Trimble (NASDAQ:TRMB), visit: www.trimble.com.
Safe Harbor
Certain statements made in this press release are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. These statements include expectations about our future financial and operational results. These forward-looking statements are subject to change, and actual results may materially differ due to certain risks and uncertainties. The Company's results may be adversely affected if the Company is unable to market, manufacture and ship new products, obtain new customers, effectively integrate new acquisitions or consummate divestitures in a timely manner. The Company's results would also be negatively impacted by deterioration in economic conditions as a result of the COVID-19 pandemic, supply chain shortages and disruptions, as well as general inflationary pressures, resulting in increases in costs and reduced revenue, adverse geopolitical developments and the potential impact of volatility and conflict in the political and economic environment, including the Russian invasion of Ukraine and its direct and indirect impact on our business, weakening in the macroeconomic environment, foreign exchange fluctuations, the pace we transition our business model towards a subscription model, and the imposition of barriers to international trade. Any failure to achieve predicted results could negatively impact the Company's revenue, cash flow from operations, and other financial results. The Company's financial results will also depend on a number of other factors and risks detailed from time to time in reports filed with the SEC, including its quarterly reports on Form 10-Q and its annual report on Form 10-K. Undue reliance should not be placed on any forward-looking statement contained herein. These statements reflect the Company's position as of the date of this release. The Company expressly disclaims any undertaking to release publicly any updates or revisions to any statements to reflect any change in the Company's expectations or any change of events, conditions, or circumstances on which any such statement is based.
FTRMB
FOOTNOTES TO GAAP TO NON-GAAP RECONCILIATION
This press release includes GAAP financial measures as well as Non-GAAP financial measures. We believe these non-GAAP financial measures, which are not meant to be considered in isolation or as a substitute for comparable GAAP provide useful information to investors and others in understanding our "core operating performance", which excludes the effect of non-cash items and certain variable charges not expected to recur, not meaningful in comparison to our past operating performance or not reflective of ongoing financial results. Lastly, we believe that our core operating performance offers a supplemental measure for period-to-period comparisons and can be used to evaluate our historical and prospective financial performance, as well as our performance relative to competitors.
The non-GAAP definitions, and explanations to the adjustments to comparable GAAP measures are included below:
Non-GAAP Definitions
Non-GAAP revenue
We define Non-GAAP revenue as GAAP revenue, excluding the effects of purchase accounting adjustments for acquisitions occurring prior to 2021. We believe this measure helps investors understand the performance of our business including acquisitions, as non-GAAP revenue excludes the effects of certain acquired deferred revenue that was written down to fair value in purchase accounting. Management believes that excluding fair value purchase accounting adjustments more closely correlates with the ordinary and ongoing course of the acquired company's operations and facilitates analysis of revenue growth and trends.
Non-GAAP gross margin
We define Non-GAAP gross margin as GAAP gross margin, excluding the effects of purchase accounting adjustments, stock-based compensation, deferred compensation, and restructuring and other costs. We believe our investors benefit by understanding our non-GAAP gross margin as a way of understanding how product mix, pricing decisions, and manufacturing costs influence our business.
Non-GAAP operating expenses
We define Non-GAAP operating expenses as GAAP operating expenses, excluding the effects of purchase accounting adjustments, acquisition/divestiture items, stock-based compensation, deferred compensation, and restructuring and other costs. We believe this measure is important to investors evaluating our non-GAAP spending in relation to revenue.
Non-GAAP operating income
We define Non-GAAP operating income as GAAP operating income, excluding the effects of purchase accounting adjustments, acquisition/divestiture items, stock-based compensation, deferred compensation, and restructuring and other costs. We believe our investors benefit by understanding our non-GAAP operating income trends, which are driven by revenue, gross margin, and spending.
Non-GAAP non-operating expense, net
We define Non-GAAP non-operating expenses, net as GAAP non-operating expenses, net, excluding acquisition/divestiture items, deferred compensation, and restructuring and other costs. We believe this measure helps investors evaluate our non-operating expense trends.
Non-GAAP income tax provision
We define Non-GAAP income tax provision as GAAP income tax provision, excluding charges and benefits such as net deferred tax impacts resulting from the non-U.S. intercompany transfer of intellectual property, tax law changes, and significant one-time reserve releases upon the statute of limitations expirations. We believe this measure helps investors because it provides for consistent treatment of excluded items in our non-GAAP presentation and a difference in the GAAP and non-GAAP tax rates.
Non-GAAP net income
We define Non-GAAP net income as GAAP net income, excluding the effects of purchase accounting adjustments, acquisition/divestiture items, stock-based compensation, restructuring and other costs, and non-GAAP tax adjustments. This measure provides a supplemental view of net income trends, which are driven by non-GAAP income before taxes and our non-GAAP tax rate.
Non-GAAP diluted net income per share
We define Non-GAAP diluted net income per share as GAAP diluted net income per share, excluding the effects of purchase accounting adjustments, acquisition/divestiture items, stock-based compensation, restructuring and other costs, and non-GAAP tax adjustments. We believe our investors benefit by understanding our non-GAAP operating performance as reflected in a per share calculation as a way of measuring non-GAAP operating performance by ownership in the company.
Adjusted EBITDA
We define Adjusted EBITDA as non-GAAP operating income plus depreciation expense and income from equity method investments, net. Other companies may define Adjusted EBITDA differently. Adjusted EBITDA is not intended to purport to be an alternative to net income or operating income as a measure of operating performance or cash flow from operating activities as a measure of liquidity. Adjusted EBITDA is a performance measure that we believe offers a useful view of the overall operations of our business because it facilitates operating performance comparisons by removing potential differences caused by variations unrelated to operating performance, such as capital structures (interest expense), income taxes, depreciation and amortization expenses.
Explanations of Non-GAAP adjustments
(A) Purchase accounting adjustments. Purchase accounting adjustments consist of the following:
i. Acquired deferred revenue adjustment. We adopted ASU 2021-08 in the fourth quarter of 2021 for all acquisitions occurring in 2021 and going forward, which requires the application of ASC 606, Revenue from Contracts with Customers, to recognize and measure contract assets and contract liabilities on the acquisition date. For acquisitions occurring prior to 2021, non-GAAP revenue excludes the adjustment to our revenue as a result of measuring the contract liability at fair value on the acquisition date.
ii. Amortization of acquired capitalized commissions. Purchase accounting generally requires entities to eliminate capitalized sales commissions balances as of the acquisition date. Non-GAAP operating expenses exclude the adjustments that eliminate the capitalized sales commissions. For acquisitions occurring prior to 2021, non-GAAP operating expenses exclude the adjustment of acquired capitalized commissions amortization.
iii. Amortization of purchased intangible assets. Non-GAAP gross margin and operating expenses exclude the amortization of purchased intangible assets, which primarily represents technology and/or customer relationships already developed.
(B) Acquisition / divestiture items. Non-GAAP gross margin and operating expenses exclude acquisition costs consisting of external and incremental costs resulting directly from merger and acquisition and strategic investment activities such as legal, due diligence, integration, and other closing costs, including the acceleration of acquisition stock options and adjustments to the fair value of earn-out liabilities. Non-GAAP non-operating expense, net, excludes unusual one-time acquisition/divestiture charges as well as divestiture and strategic investment gains/losses. These are one-time costs that vary significantly in amount and timing and are not indicative of our core operating performance.
(C) Stock-based compensation / deferred compensation. Non-GAAP gross margin and operating expenses exclude stock-based compensation and income or expense associated with movement in our non-qualified deferred compensation plan liabilities. Changes in non-qualified deferred compensation plan assets, included in non-operating expense, net, offset the income or expense in the plan liabilities.
(D) Restructuring and other costs. Non-GAAP gross margin and operating expenses exclude restructuring and other exit costs comprised of termination benefits related to reductions in employee headcount, including executive severance agreements, the closure or exit of facilities, and cancellation of certain contracts. In addition, in 2022, other costs include a one-time charge for Russia and Belarus customer receivables and inventory, as well as a one-time $20 million commitment to donate to Trimble Foundation to be paid over four quarters.
(E) Non-GAAP items tax effected. This amount adjusts the provision for income taxes to reflect the effect of the non-GAAP items (A) - (D) on non-GAAP net income.
(F) Difference in GAAP and Non-GAAP tax rate. This amount represents the difference between the GAAP and non-GAAP tax rates applied to the non-GAAP operating income plus the non-GAAP non-operating expense, net. The non-GAAP tax rate excludes charges and benefits such as net deferred tax impacts resulting from a non-U.S. intercompany transfer of intellectual property and significant one-time reserve releases upon statute of limitations expirations.
(G) GAAP and non-GAAP tax rate percentages. These percentages are defined as GAAP income tax provision as a percentage of GAAP income before taxes and non-GAAP income tax provision as a percentage of non-GAAP income before taxes.
OTHER KEY METRICS
Annualized Recurring Revenue
In addition to providing non-GAAP financial measures, Trimble provides an ARR performance measure in order to provide investors with a supplementary indicator of the value of the Company's current recurring revenue contracts. ARR represents the estimated annualized value of recurring revenue, including subscription, maintenance and support revenue, and term license contracts for the quarter. ARR is calculated by adding the portion of the contract value of all of our term licenses attributable to the current quarter to our non-GAAP recurring revenue for the current quarter and dividing that sum by the number of days in the quarter and then multiplying that quotient by 365. ARR should be viewed independently of revenue and deferred revenue as it is a performance measure and is not intended to be combined with or to replace either of those items.
Organic Annualized Recurring Revenue
Organic annualized recurring revenue refers to annualized recurring revenue excluding the impacts of (i) foreign currency translation, and (ii) acquisitions and divestitures.
Organic Revenue
Organic revenue refers to revenue excluding the impacts of (i) foreign currency translation, and (ii) acquisitions and divestitures.
SOURCE Trimble
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https://www.prnewswire.com/news-releases/trimble-announces-second-quarter-2022-results-301600579.html
| 2022-08-05T11:14:33
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en
| 0.948109
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Sensex closes at 58,388 points, Nifty settles around 17,400 points
On Friday, major indices of the stock market ended flat with the Sensex settling at 58,387.93 points and the Nifty closing at 17,397.5 points. The midcap indices largely reflected the broader market trend, trading near the flat line as the Nifty Midcap 50 wrapped up at 8,225.9 points. Here's all you need to know about Friday's market report.
The top performing sectors of the market were NIFTY IT, NIFTY COMMODITIES, and NIFTY BANK led the way, gaining 0.64%, 0.53%, and 0.44%, respectively. Shree Cements, UltraTech Cement, and ICICI Bank emerged as the biggest stock gainers, adding 2.6%, 2.44%, and 2.04%, respectively. Britannia, Hindalco, and Eicher Motors led the losing pack on Friday, shedding 2.28%, 2.22%, and 2.03%, respectively.
The Asian markets ended in the green. The Shanghai Composite Index, the Hang Seng Index, and the Nikkei climbed 1.19%, 0.14%, and 0.87% to settle at 3,227.03 points, 20,201.94 points, and 28,175.87 points, respectively. In the US, NASDAQ rose 52.42 points to 12,720.58 points.
The Indian rupee (INR) gained against the US dollar, rising Rs. 0.23% to 79.29 in forex trade on Friday. The gold futures witnessed little movement, ending flat at Rs. 52,079, while the silver futures tumbled 0.41% to Rs. 57,742. The crude oil futures were trading flat to settle at $88.91 per barrel.
Bitcoin is currently trading at $23,139.73, a 1.12% increase from yesterday. Ethereum is up 2.41% and is selling at $1,662.21. Tether, BNB, and Cardano are trading at $1.00 (0.01% down), $319.00 (6.29% up), and $0.511 (1.90% up), respectively.
The fuel prices in Delhi remain unchanged on Friday with diesel priced at Rs. 89.66/liter and petrol costing Rs. 96.76/liter. In Mumbai, diesel is priced at Rs. 94.25/liter while petrol costs Rs. 106.29/liter.
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https://www.newsbytesapp.com/news/business/sensex-nifty-closing-bell-08-05-2022-top-gainers-losers/story
| 2022-08-05T11:14:36
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| 0.94944
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DUBLIN, Aug. 5, 2022 /PRNewswire/ -- The "Smart Home Opportunities in Multifamily Properties" report has been added to ResearchAndMarkets.com's offering.
This study examines the smart home preferences of consumers in multifamily homes. The multifamily smart home market is attracting many smart home providers and is increasingly competitive.
It quantifies the appeal of smart home use cases, adoption drivers and barriers, the relative importance of smart technology as an amenity and expectations for its impact on monthly rent.
The study also explores consumer preferences for the smart apartment user experience by device category, such as access control devices, smart thermostats, smart lighting, and smart appliances.
Key Topics Covered:
Survey Methodology and Definitions
- 2021 Respondent Quotas
- Key Terms and Definitions
Executive Summary
- MDU Residents Among All US Broadband Households
- Technology Adoption Segments by MDU Segments
- Home Internet Service Payment Methods Among MDU Residents
- Attitudes Toward Property-Provided Internet Service
- Smart Home Device Ownership by Type of Residence
- Valuable Benefits of Using Smart Home Devices
- Important Features of MDUs
MDU Resident Profiles
- MDU Residents Among All US Broadband Households
- Demographic Breakdown of MDU Residents
- Technology Adoption Segments by MDU Segments
- Type of Building by MDU Segments
- Building of MDU Renters by Top 11 States of Residency
- Top 11 States by MDU Segments
Smart Home Device Adoption
- Overall Smart Home Device: Adoption vs. Landlord/Property-Provided
- Smart Home Device Ownership by Type of Residence
- Smart Appliance Ownership by Type of Residence
- Landlord/Property-Provided Smart Home Device by Type of Residence
- Landlord/Property-Provided Smart Appliance Ownership by Type of Residence
- Average Number of Smart Home Device: Owned vs. Provided by Landlord/Property
MDU Internet Services
- Home Internet Service Providers Among MDU Residents
- Self-Reported Download Speed of Home Broadband Service
- Home Internet Speed by MDU Ownership
- MDU Home Internet Speed by Household with Kids
- MDU Home Internet Speed by Family Size
- MDU Home Internet Speed by Work Remotely vs. Work On-site
- Home Networking Device Ownership Among MDU Residents
- Home Internet Service Payment Methods Among MDU Residents
- Home Internet Service Payment Methods by MDU Ownership
- Home Internet Service Payment Methods by Top 11 States Among MDU Residents
- High-Speed Internet Provider Availability Among MDU Residents with Fixed Broadband
- High-Speed Internet Provider Availability by MDU Ownership
- High-Speed Internet Providers Availability by Top 11 States Among MDU Residents
- Attitudes Toward Bulk Internet Service
- Attitudes Toward Bulk Internet Speed by Actual Internet Speed
- Attitudes Toward Bulk Internet Speed by Family Size
- Attitudes Toward Bulk Internet Service Cost by Household Income
- Attitudes Toward Bulk Internet Service Provider by Age
- Attitudes Toward Bulk Internet Service Provider by Technology Adoption Segments
- Attitudes Toward Bulk Internet Data Privacy by Age
- Attitudes Toward Bulk Internet Data Privacy by Adoption Segments
- Attitudes Toward Bulk Internet Router by Age
- Attitudes Toward Bulk Internet Service Router by Adoption Segments
- Attitudes Towards Bulk Internet by Adoption Segments
- Attitudes Towards Bulk Internet by Number of Devices Used
- Attitudes Toward Bulk Internet Connection by Age
Resident Resources
- Usage of App & Website Portal by MDU Residents
- Tasks Performed by Using App vs. Web Portal by MDU Residents
Smart Home Devices User Experience
- Attitudes Toward Property-Provided Smart Home Devices
- Attitudes Toward Property-Provided Smart Home Devices About Data Safety and Usage
- Frequency of Using Property-Provided Smart Home Devices
- Frequency of Using Property-Provided Smart Home Devices by Gender Among MDU Residents
- Valuable Benefits of Using Smart Home Devices
- High Value of Using Smart Home Devices by MDU Owners vs. Users
- High Value of Using Smart Home Devices by Age Groups Among MDU Residents
- High Value of Using Smart Home Devices by Technology Adoption Segments Among MDU Residents
- High Value of Using Smart Home Devices by MDU Households with Kids
- High Value of Using Smart Home Devices by Households Income Among MDU Residents
- Preferred Technical Supports for Smart Home Devices Among MDU Residents
Preferred Home Features and Technology
- Intention to Move Within One Year by All Housing Segments
- Intended Home Type by MDU Segments
- Age Breakdown of Non-MDU Residents who are MDU Intenders
- Important Features of Future MDUs for Non-MDU Residents
- Important Features in Common Areas for Non- MDU Residents
Willingness to Pay for Smart Home Technology
- Likelihood of Paying More for New Apartment Capabilities
- Reason for Not Paying Higher Rent for Smart Home Technology
Appendix
For more information about this report visit https://www.researchandmarkets.com/r/tged5u
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
SOURCE Research and Markets
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https://www.prnewswire.com/news-releases/united-states-smart-home-market-opportunities-in-multifamily-properties-2022---consumer-preferences-for-the-smart-apartment-user-experience-301600683.html
| 2022-08-05T11:14:39
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| 0.824222
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NTA postpones CUET-UG in Kerala due to heavy rains
The National Testing Agency (NTA) postponed the Common University Entrance Test (CUET) for undergraduate courses in Kerala on Thursday due to excessive rainfall in the state, according to officials. The second stage of CUET-UG, which began throughout the nation and in nine foreign cities, will conclude on August 6. Nearly 6,80,000 applicants registered for phase two of the examination.
- The Common University Entrance Test (CUET), a single admissions test for all central universities is being held in two phases, the first in July (15, 16, 19, and 20) and the second in August (4-8 and 10).
- With 14.9 lakh registrations, it is the country's second-largest entrance exam after the National Eligibility-cum-Entrance Test (NEET-UG), which witnesses nearly 18 lakh registrations every year.
"...To support the student community, it has been decided to postpone the CUET (UG)-2022 for the candidates, who will be appearing in cities of Kerala on August 4, 5, and 6," stated senior director of NTA Sadhana Parashar. New exam dates will be released soon.
"Due to heavy rain in many districts of Kerala in the past few days, it has been brought to the notice of NTA that it may not be possible for a large number of candidates to reach the examination center for CUET (UG)-2022 within the stipulated time," Parashar explained. "The movement will be very difficult and there may be disruption of power," she added.
Similarly, in Maharashtra, several students recently failed to turn up for CUET due to heavy rains. Meanwhile, the India Meteorological Department (IMD) issued a red alert in eight districts of Kerala on Thursday. Severe rains continued to pummel various areas of the state, disrupting the daily lives of the people as roads flooded or collapsed, and many were displaced to relief camps.
Water levels in different rivers in the Pathanamthitta district, such as the Pampa, Manimala, and Achankovil, rose close to or crossed danger levels as a result of Kerala's ongoing harsh weather. The ongoing monsoon rains continued to lash several parts of India, with the IMD also predicting severe rainfall in Odisha in the coming days due to the possibility of a low-pressure region's formation.
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https://www.newsbytesapp.com/news/career/kerala-nta-postpones-cuet-ug-due-to-heavy-rains/story
| 2022-08-05T11:14:42
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en
| 0.966044
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New Anniversary Video Highlights Viking's History and Leadership
LOS ANGELES, Aug. 5, 2022 /PRNewswire/ -- Viking® (www.viking.com) is celebrating today the company's 25th anniversary and its leadership in travel. To commemorate the anniversary, Viking has released a new video message from Chairman Torstein Hagen as he reflects on the company's key milestones since its founding on August 5, 1997. The new video can be viewed here on Viking's website, as well as here on Viking's award-winning enrichment channel, Viking.TV. All this week, Viking.TV daily programming has centered on Norwegian culture and history as a tribute to the Hagen family's Norwegian heritage.
"I am proud of all that we have accomplished in these 25 years. First, we invented modern river voyages; then, we reinvented ocean voyages with our destination-focused approach; now, we are perfecting expedition voyages and exploring all seven continents—in comfort," said Torstein Hagen, Chairman of Viking. "To every member of our extended Viking family of guests and employees: happy anniversary and thank you. These first 25 years have been very good, but we are just getting started."
The anniversary comes just after Viking was named the #1 Ocean Line and #1 River Line in Travel + Leisure's 2022 "World's Best" Awards, in which the company became the first cruise line ever to top both categories in the same year. Viking is also rated #1 for both rivers and oceans by Condé Nast Traveler, making it the first cruise line to ever simultaneously earn #1 in its categories from both publications.
This milestone year has also been one of significant launches for the company. In January, the company debuted Viking Expeditions and the first of two purpose-built expedition vessels, the Viking Octantis®, which is currently sailing its inaugural season in the Great Lakes. In the spring, the company welcomed eight new Viking Longships® and its newest identical ocean ship, the Viking Mars®. This month, Viking is launching three purpose-built vessels for the Mekong, Nile and Mississippi Rivers, and by the end of the year, will have also welcomed a second identical expedition ship, the Viking Polaris®, and another identical ocean ship, the Viking Neptune®.
Booking Details
From now through August 31, 2022, Viking is offering special savings plus up to free international airfare on select river and ocean voyages as part of the company's 25th Anniversary Sale. Call Viking toll free at 1-855-8-VIKING (1-855-884-5464) or contact a travel advisor for details.
Media Assets
For more information, images, and b-roll for Viking, contact [email protected].
About Viking
Viking was founded in 1997 and provides destination-focused journeys on rivers, oceans, and lakes around the world. Designed for curious travelers with interests in science, history, culture and cuisine, Chairman Torstein Hagen often says Viking offers experiences for The Thinking PersonSM. Viking has more than 250 awards to its name, including being the first cruise line ever to be simultaneously named the #1 Ocean Line and #1 River Line in Travel + Leisure's 2022 "World's Best" Awards. Viking was also rated the #1 River Line and #1 Ocean Line by Condé Nast Traveler in the publication's 2021 Readers' Choice Awards. For additional information, contact Viking at 1-800-2-VIKING (1-800-284-5464) or visit www.viking.com. For Viking's award-winning enrichment channel, visit www.viking.tv.
SOURCE Viking
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https://www.prnewswire.com/news-releases/viking-celebrates-25-years-of-award-winning-exploration-301600512.html
| 2022-08-05T11:14:45
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en
| 0.949088
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'Darlings' fumbles and falters, but doesn't lose sight of goal
Jasmeet K Reen's directorial debut Darlings arrived on Netflix on Friday. The dark-comedy stars Alia Bhatt, Shefali Shah, Roshan Mathew, and Vijay Varma. The film is a story of revenge and retribution as it chronicles the life of Badrunnissa Shaikh (Bhatt) who exacts revenge on her abusive-alcoholic husband Hamza Shaikh (Varma). Does the film tackle the domestic violence issue sensitively? Here's our complete review.
The palpable tension between Hamza and Badru seeps through the screen, especially the first time we see Hamza hit her. In a scene that reminded me of The Great Indian Kitchen, Badrunissa will rather take her husband's spit, literally, than match his decibel levels. Her identity is stripped off and yet she prepares his favorite dishes every morning—a recurrent reality of endless Indian households.
It's telling how Badru's costumes undergo a reverse metamorphosis: she goes from wearing jeans to being clad in suits. While both sartorial choices are completely fine, it is striking considering Hamza is the very manifestation of patriarchy and regressive thinking, who equals abuse to love.
Domestic violence raises eyebrows but like numerous other concerns plaguing women's lives, it is discreetly swept under the rug—since women must always toe the line and transgressions are a concept, not reality. Badru's situation is no news, to the extent that a shopkeeper's knee-jerk reaction is to give her Savlon when she walks into his pharmacy. It's a small scene—but contextualizes her entire life.
Darlings fires up uncomfortable questions about female abuse, while simultaneously having an unforgiving stance toward the general public—the people who might not allow such abuse to unfold in their own homes, but simply sigh at others' spectacle and don't step up to stop it.
Though Darlings has been marketed as a dark comedy, laughs are few and far in between in this drama that brims with a menacing subject. It moves with a drab pace and consistently necessitates explosive sequences to snap it out of its snail-paced dreary. Darlings sets you up for consequential, volatile action but switches gears halfway through, undoing the build-up it erected minutes ago.
Vijay Varma plays a full-time pathological abuser and part-time ticket collector with utmost conviction, so much so that you know you will hate his character the first time you meet him. Shefali Shah and Alia Bhatt make an eclectic duo that we deserve to witness more often together. Their camaraderie and female solidarity bolster and boost each frame. Unfortunately, Mathew doesn't get much meat.
Darlings is a rousing tale of feminism and will remind you of other female-centric narratives such as Mirch Masala or Lipstick Under My Burkha. It is an ambitious film, evidently so, and swerves between fatal tragedy and witty humor, though not always successfully. Nonetheless, it still remains arresting because although it's Badru's story, it might as well be anyone's and everyone's story. Verdict: 3/5.
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https://www.newsbytesapp.com/news/entertainment/darlings-review-fumbles-but-doesn-t-lose-its-goal/story
| 2022-08-05T11:14:49
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| 0.961418
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IRVING, Texas, Aug. 5, 2022 /PRNewswire/ -- Vistra (NYSE: VST) today reported its second quarter 2022 results:
Financial and Operating Highlights
‒ Continued to experience favorable pricing environment allowing Vistra the opportunity to lock in future value through the continued execution of its comprehensive hedging strategy. Driven by the material increase in forward power prices, which requires Vistra to record the current non-cash, unrealized impact of mark-to-market hedging losses for GAAP purposes, recorded second quarter 2022 Net Loss of $(1,357) million and Net Loss from Ongoing Operations1 of $(1,312) million. The second quarter 2022 Net Loss includes $(1,987) million of such unrealized losses from mark-to-market valuations of commodity positions, the net impacts of which are not expected to be realized in future quarters assuming the company fulfills its obligations through normal course operations.
‒ Delivered second quarter 2022 Ongoing Operations Adjusted EBITDA1 of $761 million. Full year results tracking above midpoint for 2022 Ongoing Operations Adjusted EBITDA1 and Ongoing Operations Adjusted FCFbG1 guidance ranges of $2,810 million to $3,310 million and $2,070 million to $2,570 million, respectively.
‒ Continued executing on comprehensive hedging program, locking in significant value opportunities in future years. As of June 30, 2022, Vistra has hedged over 60% of its expected generation volumes on average for the three -year period 2023 to 2025, with 2023 hedged at approximately 80%.
‒ Vistra's hedging program supports Ongoing Operations Adjusted EBITDA mid-point opportunities in the range of $3,500 million to $3,700 million in years 2023 to 2025.2
‒ Achieved best residential customer growth in a quarter for TXU Energy in nearly 15 years, also achieved 95% commercial availability3 in an unseasonably warm second quarter.
‒ Executed approximately $1.6 billion of the originally authorized $2 billion share repurchase program as of Aug. 2, 2022, with such repurchases representing approximately 14.6% of the shares outstanding as of Nov. 2, 2021. We expect to execute the remaining portion of the $2 billion authorization before year-end 2022. Accordingly, the board of directors has authorized an incremental $1.25 billion for share repurchases effective immediately. We now have approximately $1.65 billion of authorization remaining for share repurchases, which we expect to utilize between now and year-end 2023. Taken together, the board has authorized a cumulative $3.25 billion in share repurchases since Vistra announced its capital allocation plan in Nov. 2021.
‒ Declared third quarter 2022 dividend of $0.184 per share of common stock, representing an approximately 23% increase from the company's third quarter 2021 dividend; paid a second quarter 2022 dividend of $0.177 per share of common stock on June 30, 2022.
‒ Restored Phases I and II of the 400-megawatt Moss Landing Energy Storage Facility to service at 98% of its maximum capacity on the expected schedule and prior to the hot California summer months. Announced its 50MW Brightside Solar Facility was online in April 2022. Announced in each of May and June 2022 that its 260MW DeCordova Energy Storage Facility and its 108MW Emerald Grove Solar Facility were online, respectively. Actively reviewing its development portfolio for additional opportunities in light of market conditions and the newly introduced Inflation Reduction Act.
"We continue to prioritize the realization of our four previously announced strategic priorities, while fulfilling our everyday mission: to provide reliable, affordable and ever-cleaner power to the communities we serve. We delivered strong results in the second quarter and are focused on executing well this summer in both generation and retail," said Jim Burke, president and CEO of Vistra. "Our comprehensive hedging strategy continues to lock in significant potential value in the outer years 2023-2025. This plan combined with our operational performance has increased our confidence in the outlook for 2022 and beyond. The authorization of the incremental $1.25 billion for share repurchases is a testament to the confidence that the board and management have in Vistra's future. We are committed to providing the power that the electric grid and our customers need, growing our Vistra Zero portfolio, all while driving significant shareholder value."
Summary of Financial Results for the Second Quarter Ended June 30, 2022
For the three months ended June 30, 2022, Vistra reported Net Loss of $(1,357) million, Net Loss from Ongoing Operations1 of $(1,312) million, and Ongoing Operations Adjusted EBITDA1 of $761 million. Vistra's second quarter 2022 Net Loss of $(1,357) million reflects a change of $(1,392) million as compared second quarter 2021 Net Income of $35 million, driven by the GAAP accounting impacts of approximately $2 billion of mark-to-market non-cash, unrealized hedging losses in second quarter 2022 recorded solely as a result of a material increase in forward power prices. Vistra's second quarter 2022 Adjusted EBITDA from Ongoing Operations was $93 million lower than second quarter 2021 results2, primarily driven by the positive impacts of self-help initiatives in second quarter 2021 that were one-time benefits.
Vistra reported second quarter 2022 Adjusted EBITDA from Ongoing Operations from the Retail segment of $403 million, approximately $107 million lower than second quarter 2021 results, driven by the impact of the above-referenced self-help initiatives in second quarter 2021 that were one-time benefits, offset by favorable margins, residential customer counts and weather in Texas in second quarter 2022. Second quarter 2022 Adjusted EBITDA from Ongoing Operations from the generation segments3, on an aggregate basis, totaled $358 million, $14 million higher than second quarter 2021 results2 driven primarily by impacts of favorable pricing offset by coal constraints and one-time benefits of self-help initiatives in second quarter 2021.
Guidance
Vistra is reaffirming its 2022 Ongoing Operations Adjusted EBITDA1 and Ongoing Operations Adjusted FCFbG1 guidance ranges of $2,810 to $3,310 million and $2,070 to $2,570 million, respectively.
Share Repurchase Program
As of Aug. 2, 2022, Vistra has completed approximately $1.6 billion in share repurchases under its existing $2 billion share repurchase program. Vistra has purchased approximately 70.5 million shares since Nov. 2, 2021, representing approximately 14.6% of the shares outstanding at that time. Taking into account the incremental $1.25 billion authorization, approximately $1.65 billion remains available for execution under the program, which we expect to execute by year-end 2023.
Liquidity
As of June 30, 2022, Vistra had total available liquidity of approximately $3,439 million, including cash and cash equivalents of $1,871 million, $368 million of availability under its corporate revolving credit facility, and $1,200 million of availability under its commodity-linked revolving credit facility assuming the borrowing base equals the aggregate commitments of $2.25 billion.
Earnings Webcast
Vistra will host a webcast today, Aug. 5, 2022, beginning at 8 a.m. ET (7 a.m. CT) to discuss these results and related matters. The live webcast and the accompanying slides that will be discussed on the call can be accessed via Vistra's website at www.vistracorp.com under "Investor Relations" and then "Events & Presentations." Participants can also listen by phone by registering here prior to the start time of the call to receive a conference call dial-in number. A replay of the webcast will be available on the Vistra website for one year following the live event.
About Non-GAAP Financial Measures and Items Affecting Comparability
"Adjusted EBITDA" (EBITDA as adjusted for unrealized gains or losses from hedging activities, tax receivable agreement impacts, reorganization items, and certain other items described from time to time in Vistra's earnings releases), "Adjusted Free Cash Flow before Growth" (or "Adjusted FCFbG") (cash from operating activities excluding changes in margin deposits and working capital and adjusted for capital expenditures (including capital expenditures for growth investments), other net investment activities, and other items described from time to time in Vistra's earnings releases), "Ongoing Operations Adjusted EBITDA" (adjusted EBITDA less adjusted EBITDA from Asset Closure segment), "Net Income (Loss) from Ongoing Operations" (net income less net income from Asset Closure segment), "Ongoing Operations Adjusted Free Cash Flow before Growth" or "Ongoing Operations Adjusted FCFbG" (adjusted free cash flow before growth less cash flow from operating activities from Asset Closure segment before growth), are "non-GAAP financial measures." A non-GAAP financial measure is a numerical measure of financial performance that excludes or includes amounts so as to be different than the most directly comparable measure calculated and presented in accordance with GAAP in Vistra's consolidated statements of operations, comprehensive income, changes in stockholders' equity and cash flows. Non-GAAP financial measures should not be considered in isolation or as a substitute for the most directly comparable GAAP measures. Vistra's non-GAAP financial measures may be different from non-GAAP financial measures used by other companies.
Vistra uses Adjusted EBITDA as a measure of performance and believes that analysis of its business by external users is enhanced by visibility to both Net Income prepared in accordance with GAAP and Adjusted EBITDA. Vistra uses Adjusted Free Cash Flow before Growth as a measure of liquidity and believes that analysis of its ability to service its cash obligations is supported by disclosure of both cash provided by (used in) operating activities prepared in accordance with GAAP as well as Adjusted Free Cash Flow before Growth. Vistra uses Ongoing Operations Adjusted EBITDA as a measure of performance and Ongoing Operations Adjusted Free Cash Flow before Growth as a measure of liquidity, and Vistra's management and Board have found it informative to view the Asset Closure segment as separate and distinct from Vistra's ongoing operations. Vistra uses Net Income (Loss) from Ongoing Operations as a non-GAAP measure that is most comparable to the GAAP measure Net Income in order to illustrate the company's Net Income excluding the effects of the Asset Closure segment, as well as a measure to compare to Ongoing Operations Adjusted EBITDA. The schedules attached to this earnings release reconcile the non-GAAP financial measures to the most directly comparable financial measures calculated and presented in accordance with U.S. GAAP.
About Vistra
Vistra (NYSE: VST) is a leading Fortune 500 integrated retail electricity and power generation company based in Irving, Texas, providing essential resources for customers, commerce, and communities. Vistra combines an innovative, customer-centric approach to retail with safe, reliable, diverse, and efficient power generation. The company brings its products and services to market in 20 states and the District of Columbia, including six of the seven competitive wholesale markets in the U.S. Serving approximately 4 million residential, commercial, and industrial retail customers with electricity and natural gas, Vistra is one of the largest competitive electricity providers in the country and offers over 50 renewable energy plans. The company is also the largest competitive power generator in the U.S. with a capacity of approximately 39,000 megawatts powered by a diverse portfolio, including natural gas, nuclear, solar, and battery energy storage facilities. In addition, Vistra is a large purchaser of wind power. The company owns and operates the 400-MW/1,600-MWh battery energy storage system in Moss Landing, California, the largest of its kind in the world. Vistra is guided by four core principles: we do business the right way, we work as a team, we compete to win, and we care about our stakeholders, including our customers, our communities where we work and live, our employees, and our investors. Learn more about our environmental, social, and governance efforts and read the company's sustainability report at https://www.vistracorp.com/sustainability/.
Cautionary Note Regarding Forward-Looking Statements
The information presented herein includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, which are based on current expectations, estimates and projections about the industry and markets in which Vistra Corp. ("Vistra") operates and beliefs of and assumptions made by Vistra's management, involve risks and uncertainties, which are difficult to predict and are not guarantees of future performance, that could significantly affect the financial results of Vistra. All statements, other than statements of historical facts, that are presented herein, or in response to questions or otherwise, that address activities, events or developments that may occur in the future, including such matters as activities related to our financial or operational projections, the potential impacts of the COVID-19 pandemic on our results of operations, financial condition and cash flows, projected synergy, value lever and net debt targets, capital allocation, capital expenditures, liquidity, projected Adjusted EBITDA to free cash flow conversion rate, dividend policy, business strategy, competitive strengths, goals, future acquisitions or dispositions, development or operation of power generation assets, market and industry developments and the growth of our businesses and operations (often, but not always, through the use of words or phrases, or the negative variations of those words or other comparable words of a future or forward-looking nature, including, but not limited to: "intends," "plans," "will likely," "unlikely," "believe," "confident", "expect," "seek," "anticipate," "estimate," "continue," "will," "shall," "should," "could," "may," "might," "predict," "project," "forecast," "target," "potential," "goal," "objective," "guidance" and "outlook"),are forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements. Although Vistra believes that in making any such forward-looking statement, Vistra's expectations are based on reasonable assumptions, any such forward-looking statement involves uncertainties and risks that could cause results to differ materially from those projected in or implied by any such forward-looking statement, including, but not limited to: (i) adverse changes in general economic or market conditions (including changes in interest rates) or changes in political conditions or federal or state laws and regulations; (ii) the ability of Vistra to execute upon its contemplated strategic, capital allocation, performance, and cost-saving initiatives and to successfully integrate acquired businesses; (iii) actions by credit ratings agencies; (iv) the severity, magnitude and duration of pandemics, including the COVID-19 pandemic, and the resulting effects on our results of operations, financial condition and cash flows; (v) the severity, magnitude and duration of extreme weather events (including Winter Storm Uri), contingencies and uncertainties relating thereto, most of which are difficult to predict and many of which are beyond our control, and the resulting effects on our results of operations, financial condition and cash flows; and (vi) those additional risks and factors discussed in reports filed with the Securities and Exchange Commission by Vistra from time to time, including the uncertainties and risks discussed in the sections entitled "Risk Factors" and "Forward-Looking Statements" in Vistra's annual report on Form 10-K for the year ended December 31, 2021 and any subsequently filed quarterly reports on Form 10-Q.
Any forward-looking statement speaks only at the date on which it is made, and except as may be required by law, Vistra will not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date on which it is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible to predict all of them; nor can Vistra assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement.
SOURCE Vistra Corp.
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https://www.prnewswire.com/news-releases/vistra-reports-second-quarter-2022-results-authorizes-additional-1-25-billion-for-share-repurchases-301600605.html
| 2022-08-05T11:14:52
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| 0.954898
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Is Vicky Kaushal's 'Govinda Naam Mera' going the OTT way?
Bollywood actor Vicky Kaushal will be next seen in the comedy Govinda Naam Mera. While it was reported that the film will soon hit the big screens, the latest reports suggest that the makers have decided to give the film a direct-to-OTT premiere. However, there are no official updates regarding this. Read on to know every detail about the development.
- According to reports, Govinda Naam Mera is the revamped version of Shashank Khaitan's previous film Mr. Lele.
- The original script, which was planned with Varun Dhawan in the titular role, was dropped.
- Reportedly, the film was shelved because Dhawan wasn't happy with the script.
- Even after revamping the storyline and casting new actors, the project has repeatedly made headlines and not for flattering reasons.
Directed by Khaitan, Karan Johar's Dharma Productions has bankrolled the project. Besides Kaushal, the film has Bhumi Pednekar and Kiara Advani as the leading ladies. According to reports, the makers have decided to give the film a digital premiere as its release has been delayed multiple times to avoid clashing with biggies like Akshay Kumar's Samrat Prithviraj or Sidharth Malhotra's Mission Majnu.
According to the makers, Pednekar will be seen as Kaushal's "hotty wife," while Advani will play his "naughty girlfriend." The film will have Kaushal playing a character with killer dancing skills who struggles with a messy life. The story is expected to be a love triangle between the trio and will be high on comedy. But let's wait till the film releases.
There are no reports on which streamer has bagged the OTT rights or when the makers are planning to premiere it. It looks like we can't help but wait for the makers to make an official announcement. The film was initially planned to be released on May 13 and was later postponed to June 10. But the theatrical premiere hasn't happened so far.
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https://www.newsbytesapp.com/news/entertainment/govinda-naam-mera-headed-for-direct-ott-release/story
| 2022-08-05T11:14:55
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en
| 0.975954
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High-Speed Data Revenue from continuing operations of $102.6 million, up 4% compared to the second quarter of 2021
ENGLEWOOD, Colo., Aug. 5, 2022 /PRNewswire/ -- WideOpenWest, Inc. ("WOW!" or the "Company") (NYSE: WOW), one of the nation's leading broadband providers, with an efficient, high-performing network that passes 1.9 million residential, business and wholesale consumers, today announced financial and operating results for the second quarter ended June 30, 2022.
Second Quarter 2022 Highlights (1)(2)
- Total Revenue from continuing operations of $176.1 million, a decrease of $5.8 million or 3%, compared to the second quarter of 2021
- HSD Revenue from continuing operations totaled $102.6 million, an increase of $3.9 million, or 4%, compared to the second quarter of 2021
- Net Income from continuing operations was $4.0 million for the quarter ended June 30, 2022
- Net Profit Margin was 2.3% compared to 4.3% for the second quarter of 2021
- Pro Forma Adjusted EBITDA was a record $70.6 million, an increase of $6.3 million, or 10%, compared to the second quarter of 2021
- Pro Forma Adjusted EBITDA Margin was a record 40.1% compared to 35.3% for the second quarter of 2021
- Added 2,200 HSD RGUs
- Announced the launch of 1.2 Gig speeds across entire footprint
- Greenfield progress on track and construction has begun in Central Florida
"I am pleased with our second quarter results which reflect the strength of our broadband-first strategy and the progress we have made on our strategic initiatives as we delivered record Adjusted EBITDA and Adjusted EBITDA margin," said Teresa Elder, WOW!'s CEO. "We continue to meet our operational goals as we grow our high-speed data subscriber base, increase edge-out penetration and accelerate our Greenfield expansion."
"Our HSD revenue grew 4% from the same period last year and Pro Forma Adjusted EBITDA grew by nearly 10% from last year, to a record high $70.6 million and a record Pro Forma Adjusted EBITDA margin of 40.1%," said John Rego, WOW!'s CFO. "The combination of HSD revenue growth and the realization of strategic efficiencies has brought our Pro Forma Adjusted Margin very close to the levels attained prior to last year's divestitures."
Revenue
Total Revenue from continuing operations was $176.1 million for the quarter ended June 30, 2022, down $5.8 million, or 3%, as compared to the corresponding period in 2021.
Total Subscription Revenue from continuing operations for the quarter ended June 30, 2022 was $163.2 million, down $5.4 million, or 3%, as compared to the corresponding period in 2021. The decrease is primarily driven by a shift in service offering mix as we continue to experience a reduction in Video and Telephony RGUs, partially offset by an increase in average revenue per unit ("ARPU") as HSD customers continue to purchase higher speed tiers coupled with HSD and Video rate increases issued in the first quarter of 2022 and an increase in volume attributable exclusively to the addition of HSD subscribers.
Other Business Services Revenue from continuing operations totaled $5.4 million for the quarter ended June 30, 2022, down $0.3 million as compared to the corresponding period in 2021. The decrease is primarily due to a decrease in data center revenue.
Other Revenue from continuing operations totaled $7.5 million for the quarter ended June 30, 2022, down $0.1 million as compared to the corresponding period in 2021, primarily related to decreases in advertising and line assurance revenue partially offset by an increase in late fee revenue.
Costs and Expenses
Operating Expenses (excluding Depreciation and Amortization) from continuing operations totaled $83.0 million for the quarter ended June 30, 2022, down $12.1 million, or 13%, compared to the corresponding period in 2021 primarily driven by decreases in direct operating expenses, specifically programming expense, which aligns with the reduction in Video RGUs between periods and lower bad debt expense, partially offset by decreases in capital eligible expenses. Selling, General, and Administrative expenses from continuing operations totaled $39.3 million for the quarter ended June 30, 2022, down $6.2 million, or 14%, compared to the corresponding period in 2021 primarily attributable to decreases in costs associated with digital transformation initiatives, marketing, and legal and professional services expenses, partially offset by an increase in stock compensation expense.
Net Income
Net Income for the quarter ended June 30, 2022 was $4.0 million as compared to $12.4 million for the quarter ended June 30, 2021. Net Profit Margin was 2.3% for the quarter ended June 30, 2022 as compared to 4.3% for the quarter ended June 30, 2021.
Pro Forma Adjusted EBITDA
Pro Forma Adjusted EBITDA for the quarter ended June 30, 2022 was $70.6 million, an increase of $6.3 million, compared to the corresponding period in 2021. Pro Forma Adjusted EBITDA margin was 40.1% for the quarter ended June 30, 2022 as compared to 35.3% for the quarter ended June 30, 2021.
Subscribers
WOW! reported Total Subscribers from continuing operations of 536,600 as of June 30, 2022, an increase of 6,100, or 1%, compared to June 30, 2021, up 1,900 compared to March 31, 2022. HSD RGUs totaled 517,200 as of June 30, 2022, an increase of 9,300 or 2%, compared to June 30, 2021, up 2,200 compared to March 31, 2022.
Edge-Outs
Edge-Out Projects from continuing operations reached a total of 78,900 homes passed and 19,700 Subscribers since inception.
The 2020 Edge-Out projects from continuing operations include 800 Subscribers, which represents 23.5% penetration on such nodes. The 2021 Edge-Out projects from continuing operations include 800 Subscribers, which represents 40.0% penetration on such nodes. The 2022 Edge-Out projects from continuing operations include 100 Subscribers, which represents 14.3% penetration on such nodes.
Capital Expenditures
Capital Expenditures from continuing operations totaled $34.7 million for the quarter ended June 30, 2022, representing a $6.8 million decrease compared to the quarter ended June 30, 2021. The decrease is primarily related to a reduction network enhancement and customer premise equipment ("CPE") expenditures partially offset by increases in line extensions as we focus on expanding our network.
Capital Expenditures from continuing operations for the quarter ended June 30, 2022 equates to 20% of Total Revenue from continuing operations for the quarter ended June 30, 2022.
Liquidity and Leverage
As of June 30, 2022, the total outstanding amount of long-term debt and finance lease obligations was $738.5 million, and cash and cash equivalents were $49.9 million. Total Net Leverage as of June 30, 2022, was 2.6X in line with the first quarter of 2022 on a LTM Pro Forma Adjusted EBITDA basis and undrawn revolver capacity totaled $245.6 million.
Third Quarter and Full Year 2022 Guidance
Webcast
WOW! will host a webcast on Friday, August 5, 2022, at 8:00 a.m. ET to discuss the financial and operating results contained in this press release. The conference call and webcast will be broadcast live on the Company's investor relations website at ir.wowway.com. Those parties interested in participating can use the information as follows:
A replay of the call will be available on August 5, 2022, at 11:00 a.m. ET, on the investor relations website or by telephone. To access the telephone replay, which will be available until August 19, 2022, at 11:59 p.m. ET, please dial (800) 770-2030 or (647) 362-9199 and use conference ID 4844814.
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About WOW!
WOW! is one of the nation's leading broadband providers, with an efficient, high-performing network that passes 1.9 million residential, business and wholesale consumers. WOW! provides services in 14 markets, primarily in the Midwest and Southeast, including Michigan, Alabama, Tennessee, South Carolina, Florida and Georgia. With an expansive portfolio of advanced services, including high-speed Internet services, cable TV, phone, business data, voice, and cloud services, the company is dedicated to providing outstanding service at affordable prices. WOW! also serves as a leader in exceptional human resources practices, having been recognized seven times by the National Association for Business Resources as a Best & Brightest Company to Work For, winning the award for the last four consecutive years. Visit www.wowway.com for more information.
Cautionary Statement Regarding Forward-Looking Statements
Certain statements in this press release that are not historical facts contain "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. These forward-looking statements represent our goals, beliefs, plans and expectations about our prospects for the future and other future events. Forward-looking statements include all statements that are not historical fact and can be identified by terms such as "may," "intend," "might," "will," "should," "could," "would," "anticipate," "expect," "believe," "estimate," "plan," "project," "predict," "potential," or the negative of these terms. Although these forward-looking statements reflect our good-faith belief and reasonable judgment based on current information, these statements are qualified by important factors, many of which are beyond our control that could cause our actual results to differ materially from those in the forward-looking statements. These factors and other risks that could cause our actual results to differ materially are set forth in the section entitled "Risk Factors" in our Annual Report filed on Form 10-K with the Securities and Exchange Commission ("SEC") and other reports subsequently filed with the SEC. Given these uncertainties, you should not place undue reliance on any such forward-looking statements. The forward-looking statements included in this report are made as of the date hereof or the date specified herein, based on information available to us as of such date. Except as required by law, we assume no obligation to update these forward-looking statements, even if new information becomes available in the future.
Non-GAAP Financial Measures
The Company has included certain non-GAAP financial measures in this release, including Adjusted EBITDA and Pro Forma Adjusted EBITDA margin. These terms, as defined herein, are not intended to be considered in isolation, as a substitute for, or superior to, the financial information prepared and presented in accordance with generally accepted accounting principles in the United States of America ("GAAP"). These terms may vary from the use of similar terms by other companies in our industry due to different methods of calculation and therefore are not necessarily comparable.
We believe that these non-GAAP measures enhance an investor's understanding of our financial performance. We believe that these non-GAAP measures are useful financial metrics to assess our operating performance from period to period by excluding certain items that we believe are not representative of our core business. We believe that these non-GAAP measures provide investors with useful information for assessing the comparability between periods of our ability to generate cash from operations sufficient to pay taxes, to service debt and to undertake Capital Expenditures. We use these non-GAAP measures for business planning purposes and in measuring our performance relative to that of our competitors. We believe these non-GAAP measures are measures commonly used by investors to evaluate our performance and that of our competitors.
Adjusted EBITDA eliminates the impact of expenses that do not relate to overall business performance and is defined by WOW! as net income (loss) before interest expense, income taxes, depreciation and amortization (including impairments), impairment losses on intangibles and goodwill, write-off of any asset, loss on early extinguishment of debt, integration and restructuring expenses and all non‑cash charges and expenses (including stock compensation expense) and certain other income and expenses. Adjusted EBITDA should not be considered as an alternative to net income (loss), operating income or any other performance measures derived in accordance with GAAP as measures of operating performance, operating cash flows or liquidity. Pro Forma Adjusted EBITDA takes into account the recent sales of five service areas as though such transactions had occurred prior to the periods presented.
Pro Forma Adjusted EBITDA margin is defined as Pro Forma Adjusted EBITDA divided by total revenue, expressed as a percentage. Adjusted EBITDA margin should not be considered as an alternative to Net Profit margin.
Refer to "Reconciliations of GAAP Measures to Non-GAAP Measures" and the accompanying tables below for a reconciliation of Adjusted EBITDA to Net Income and Adjusted EBITDA margin to Net Profit margin which are the most directly comparable corresponding GAAP financial measures.
Subscriber Information
The Company uses the terms defined below throughout this release.
Homes passed are reported as the number of serviceable addresses, such as single residence homes, apartments and condominium units, and businesses passed by our broadband network and listed in our database.
We deliver multiple services to our customers, as such we report Total Subscribers as the number of Subscribers who receive at least one of our HSD, Video or Telephony services, without regard to which or how many services they subscribe. We define each of the individual HSD Subscribers, Video Subscribers and Telephony Subscribers as a Revenue Generating Unit ("RGU").
While we take appropriate steps to ensure subscriber information is presented on a consistent and accurate basis at any given balance sheet date, we periodically review our policies in light of the variability we may encounter across our different markets due to the nature and pricing of products and services and billing systems. Accordingly, we may from time to time make appropriate adjustments to our subscriber information based on such reviews.
Additional Information Available on Website:
The information in this press release should be read in conjunction with the financial statements and footnotes contained in the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2022, which will be posted on of our investor relations website at ir.wowway.com, when it is filed with the Securities and Exchange Commission (the "SEC"). A slide presentation to accompany the conference call and a trending schedule containing historical customer and financial data will also be available on our website.
Contact:
Andrew Posen
Vice President, Head of Investor Relations
303-927-4935
[email protected]
Debra Havins
Vice President, Corporate Communications
720-527-8214
[email protected]
SOURCE WideOpenWest, Inc.
|
https://www.prnewswire.com/news-releases/wow-reports-second-quarter-2022-results-301600507.html
| 2022-08-05T11:14:58
|
en
| 0.954005
|
Money laundering: ED freezes crypto exchange WazirX chief's bank assets
The Enforcement Directorate (ED) on Friday froze the bank assets of cryptocurrency exchange WazirX heads in an ongoing money laundering probe. The agency searched the director of WazirX's owner company. Assets worth Rs. 64 crores were frozen for allegedly assisting accused instant loan app companies for laundering fraud money and transferring virtual crypto assets, the ED said.
Binance-owned WazirX has been under investigation for money laundering and allegedly violating the provisions of Foreign Exchange Management Act, 1999. On Friday, the ED searched one of the directors of WazirX's ownerd 'Zanmai Lab' and froze his bank assets worth Rs. 64.67 crore. The development comes only two days after Ministry of Finance informed the Parliament that ED is investigating WazirX in two cases.
ED searches the Director of WazirX Crypto-Currency Exchange freezes its Bank assets worth Rs 64.67 Crore for assisting accused Instant Loan APP Companies in laundering of fraud money via purchase transfer of virtual crypto assets.
— ED (@dir_ed) August 5, 2022
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https://www.newsbytesapp.com/news/india/crypto-exchange-freezes-wazirx-s-bank-balance/story
| 2022-08-05T11:15:02
|
en
| 0.92496
|
VANCOUVER, BC, Aug. 5, 2022 /PRNewswire/ - YourWay Cannabis Brands Inc. (CSE: YOUR) (OTC: YOURF) (FSE: HOB) (the "Company") reminds the shareholders of the Company (the "Shareholders") about the upcoming annual general and special meeting (the "Meeting") of Shareholders. If Shareholders wish to attend the Meeting, they may do so by calling 877-407-3088 (toll-free within North America) or 201-389-0927 (International). Shareholders are also reminded to have their 12-digit control number available when dialing into the Meeting.
The Meeting is scheduled to take place on August 8, 2022 at 1:00 p.m. EST. Upon dialing into the Meeting, registered Shareholders and their duly appointed proxyholders will be provided with the following link to the AGM Connect online voting platform: www.agmconnect.com/yourway2022.
For any matter at the Meeting that is conducted by way of ballot, registered Shareholders and duly appointed proxyholders will be asked to visit the AGM Connect online voting platform and select VOTE NOW where they may enter the meeting code YOURWAY and login using their 12-digit control number.
Each registered holder of common shares of the Company would have received a control number with their meeting materials mailed by the Company on July 5, 2022 and each registered holder of proportionate voting shares of the Company will receive a control number in an email from the Company or its counsel prior to the Meeting. Registered Shareholders and duly appointed proxyholders will use their control number to login and vote through the AGM Connect platform. Only registered Shareholders and duly appointed proxyholders will be entitled to access the AGM Connect online voting platform and vote live during the Meeting.
It is crucial that each registered Shareholder and duly appointed proxyholder has their control number should they wish to vote. Without a control number you will be unable to vote.
YourWay is a publicly traded, multi-state and consumer-centric House of Brands committed to redefining the way consumers and cannabis brands interact, with sales and operations in Arizona and California. Through building their own brands, partnering with others, and supporting retail partners control brand strategy, they are dedicated to expanding their reach; remolding the cannabis industry and ultimately, redefining the way consumers and cannabis brands interact.
YourWay aims to connect with the cannabis consumer on a deeper level, utilizing decades of brand-building expertise and an integral understanding of the customer experience to create an intuitive suite of branded products that closely aligns with consumer need states. The YourWay portfolio is an all-encompassing house of brands designed to create a sense of belonging for every cannabis consumer regardless of their relationship with the plant. Please visit www.yourwaycannabis.com or follow on Twitter at @yourwaycannabis for the latest news and information about YourWay and its brands.
Website: www.yourwaycannabis.com
This news release includes certain "forward-looking information" as defined under applicable Canadian securities legislation, including statements regarding the plans, intentions, beliefs, and current expectations of the Company with respect to the Meeting. Forward-looking information is often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions and includes information regarding: the time and place of the Meeting; the use of the AGM Connect online voting platform at the Meeting; and process for voting at the Meeting. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information.
Investors are cautioned that forward-looking information is not based on historical fact but instead reflects management's expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance, or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: the events subject to the internal investigation, regulatory and licensing risks; changes in consumer demand and preferences; changes in general economic, business and political conditions, including changes in the financial markets; the global regulatory landscape and enforcement related to cannabis, including political risks and risks relating to regulatory change; compliance with extensive government regulation; public opinion and perception of the cannabis industry; the impact of COVID-19; and the risk factors set out in the Company's annual information form dated August 28, 2020, filed with Canadian securities regulators and available on the Company's profile on SEDAR at www.sedar.com.
The Company, through several of its subsidiaries, is indirectly involved in the manufacture, possession, use, sale, and distribution of cannabis in the recreational and medicinal cannabis marketplace in the United States. Local state laws where the Company operates permit such activities however, investors should note that there are significant legal restrictions and regulations that govern the cannabis industry in the United States. Cannabis remains a Schedule I drug under the US Controlled Substances Act, making it illegal under federal law in the United States to, among other things, cultivate, distribute or possess cannabis in the United States. Financial transactions involving proceeds generated by, or intended to promote, cannabis-related business activities in the United States may form the basis for prosecution under applicable United States federal money laundering legislation.
While the approach to enforcement of such laws by the federal government in the United States has trended toward nonenforcement against individuals and businesses that comply with recreational and medicinal cannabis programs in states where such programs are legal, strict compliance with state laws with respect to cannabis will neither absolve the Company of liability under United States federal law, nor will it provide a defense to any federal proceeding which may be brought against the Company. The enforcement of federal laws in the United States is a significant risk to the business of the Company and any proceedings brought against the Company thereunder may adversely affect the Company's operations and financial performance.
Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated, or expected. Although the Company has attempted to identify important risks, uncertainties and factors that could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information, which speak only as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
SOURCE YourWay Cannabis Brands
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https://www.prnewswire.com/news-releases/yourway-cannabis-brands-reminds-shareholders-of-annual-general-and-special-meeting-and-provides-details-of-meeting-procedures-301600602.html
| 2022-08-05T11:15:04
|
en
| 0.935797
|
Dharamshala: Russian-origin man marries Ukrainian girlfriend in full desi style
While Russia and Ukraine continue to fight against each other, here's a beautiful story about two individuals from these countries proving again, that love knows no boundaries. Recently, a Russian-origin man married his Ukrainian girlfriend in Dharamshala, Uttarakhand. Not just that, the wed was solemnized in a traditional Hindu ceremony. Here's everything you need to know about the newlyweds.
Sergie Novikov is a Russian-origin citizen from Israel who married his beloved Ukrainian girlfriend, Elona Bramoka on August 2. The two have been staying in Dharamkot village over the past two years and have been in a relationship ever since. The wedding took place at a temple in the village, with the two participating in all the rituals as per Hindu customs.
Both the bride and the groom were dressed in traditional wedding outfits for the ceremony. While Novikov donned a kurta pyjama, pagdi, achkan, and sehra, Bramoka wore lehenga-choli and topped it with a red embroidered dupatta. The couple took the seven vows and circumambulated around the holy fire. There was a translator who helped them understand the meaning of all the rituals and mantras.
The wedding was hosted by Vinod Sharma, who was quite elated to be a part of it. His family performed the rituals right from the beginning to the end. They even did Bramoka's kanyadan. Raman Sharma, the priest, explained the meaning of Sanatan dharma and the importance of marriage to the couple. The guests were served Kangri Dham prepared by a local chef.
To recall, earlier this year, Russian President Putin had announced a "special military operation" and "effectively declared war on Ukraine." Russia invaded Ukraine in a major escalation of the Russo-Ukrainian war that started in 2014. The invasion caused more than 6.3 million Ukrainians to flee the country. Wish our leaders learn something from this cross-border couple!
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https://www.newsbytesapp.com/news/india/russian-origin-man-marries-ukrainian-girlfriend-in-dharamshala/story
| 2022-08-05T11:15:08
|
en
| 0.97127
|
Choose this hydrogel therapy over your toothbrush for whiter teeth
What is the first thing people notice when they meet you? It's your smile! Besides making you look attractive when flashing your smile, healthy white teeth also make you feel confident. While toothpaste only removes external stains, whitening treatments can damage enamel. So, how can you get that billion watts smile? Researchers have invented a new hydrogel therapy that whitens teeth without damaging them.
The findings of this new research were published in the journal ACS Applied Materials & Interfaces. According to the American Dental Association, brushing and flossing are important and are good ways to prevent cavity formation. But these methods do not help in whitening your teeth. The researchers are not asking people to stop brushing their teeth, instead, they're urging us to choose professional treatments.
Over-the-counter treatments that people turn to for whitening their teeth combine hydrogen peroxide-containing gels and blue light. This combination produces a chemical reaction of reactive oxygen species that removes stains. However, this treatment can damage the enamel, leading to discoloration and cavities. Previously, researchers Xiaolei Wang, Lan Liao, and colleagues altered titanium dioxide nanoparticles to produce a less destructive tooth-whitening treatment.
A less destructive tooth-whitening method still required high-intensity blue light, that could harm nearby skin and eyes. Therefore, they were in search of a material that would be activated by green light, a safer alternative. The scientists combined bismuth oxychloride nanoparticles, copper oxide nanoparticles, and sodium alginate to create a thick mixture, and coated the teeth's surface with it.
The scientists sprayed the combination with a calcium chloride solution which formed a strong adhering hydrogel. Later, they tested the material on teeth stained with tea, coffee, blueberry juice, and soy sauce and placed them in a lab dish. After getting treated with green light and hydrogel, the teeth got brighter without experiencing enamel damage. The treatment also killed 94% of bacteria in biofilms.
To understand whether the treatment worked on the teeth of living organisms, the scientists tried the new method on mice whose mouths were full of cavity-forming bacteria. The green-light activated hydrogel prevented the formation of moderate and deep cavities on the surface of their teeth. With these results, the authors of the study concluded that this safe, brush-free treatment prevents cavities and whitens teeth.
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https://www.newsbytesapp.com/news/lifestyle/ditching-toothbrush-can-help-get-whiter-teeth/story
| 2022-08-05T11:15:14
|
en
| 0.939473
|
Scientists create first-ever 'synthetic embryos' with brain and beating heart
In a major breakthrough, a group of Israeli scientists has managed to redefine the boundaries of biology with the world's first "synthetic embryos." These advanced synthetic embryos (sEmbryos) were created by scientists from the Weizmann Institute using stem cells of mice. The process did not involve eggs, sperm, and fertilization. The study was published in the Cell journal.
- The creation of synthetic embryos could turn out to be one of the most groundbreaking discoveries of this decade. This could give us new sources of tissues and cells for human transplantation.
- We aren't even close to that, but the implications of this experiment are more far-reaching than we can fathom. And that also raises questions on legality and ethical aspects of synthetic embryos.
The mouse stem cells were chemically treated to reset them into a naive pluripotent state from which they could become any type of cell, including heart, liver, brain, or otherwise. These naive cells were separated into three groups. Two of them were given additional treatments to over-express the genes to make the placenta and yolk sac.
The same group of scientists was in news last year when they developed an artificial womb to grow natural mouse embryos. The same bioreactor was used in this experiment as well. The three groups of stem cells were placed in this artificial womb to mix and mingle. These cells then came together to form clumps.
Out of the 10,000 cellular clumps, only 50 continued their development to become embryo-like structures. The synthetic embryos developed for 8.5 days (nearly half of a typical mouse pregnancy). Their shape changed from spherical to elongated. The central nervous system emerged by day 6 and later became a tiny, wrinkled brain. On day 8, they developed intestinal tracts and small, beating hearts.
When compared to the internal and gene structures of natural mouse embryos, the synthetic models displayed 95% similarity. Professor Jacob Hanna, the leader of the research team, said, "Our next challenge is to understand how stem cells know what to do - how they self-assemble into organs and find their way to their assigned spots inside an embryo."
Hanna has founded a company called Renewal Bio which aims to grow human synthetic embryos. He wants to provide tissues and cells for medical conditions. However, human synthetic embryos are not considered an immediate prospect. If we consider the inefficiency involved in creating synthetic mouse embryos, it may be a while before the findings translate into human embryos.
An experiment such as this always invites several ethical questions. "The mouse is a starting point for thinking about how one wants to approach this in humans," said Alex Meissner of Max Planck Institute for Molecular Genetics. The important question is, "how far do we want to take it?" he added. It's imperative to identify where the line is.
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https://www.newsbytesapp.com/news/science/scientists-create-world-s-first-synthetic-embryos/story
| 2022-08-05T11:15:20
|
en
| 0.962088
|
Chelsea captain Cesar Azpilicueta signs new contract: Decoding his stats
Chelsea captain Cesar Azpilicueta has signed a new contract which will keep him at the club until 2024. The 32-year-old Spaniard had earlier triggered a one-year extension until 2023. He was also in talks with Barcelona regarding a possible move. However, Thomas Tuchel has managed to persuade the player in committing himself as a Chelsea player. Here we decode his stats.
- After losing Antonio Rudiger and Andreas Christensen as free agents over the summer, Chelsea needed to take control of their defensive line.
- They signed Kalidou Koulibaly bur saw other interests Matthijs de Ligt and Jules Kounde join other suitors.
- Keeping Azpilicueta is key as he brings in leadership qualities, besides playing on the right of a three-man defence and as a right wing-back.
Azpilicueta said he is really excited for the new project on offer. "I really feel the love and I am really excited for the new project we have in our hands," said Azpilicueta. "I am really looking forward to continuing our adventure. I am a really proud captain and I hope we can share many good memories together," he added.
Azpilicueta started his career with Spanish side Osasuna. He made 108 appearances for them. His next move was to French side Marseille. He made 68 appearances, scoring twice. He moved to Chelsea in 2012 and has spent a decade here. He has made 476 appearances, scoring 17 goals. Notably, he has made 40-plus appearances in each of his 10 seasons here.
Azpilicueta played 27 Premier League matches last season. As per Opta, he had 0.4 shots per 90 minutes with an accuracy of 50%. He attempted 69.7 passes and completed 59.7 out of them per 90 minutes. He had a pass accuracy of 85.67%. He made 2.7 clearances, one interception, and 0.4 blocks (per 90 minutes).
Chelsea reached the Champions League 2021-22 quarters before losing 4-5 against eventual winners Real Madrid. Azpilicueta played nine UCL games last season. As per Opta, he accounted for three shots and all of them were on target. He scored one goal and provided an assist. He completed 425 passes with an accuracy of 85.34%. He made nine interceptions, two blocks, and 35 ball recoveries.
The Spaniard has made 324 Premier League appearances to date. He has scored 10 goals, besides making 35 assists. He has also been part of 112 clean sheets. He has made 826 tackles with a success rate of 70%. He has accounted for 33 blocked shots, 526 interceptions, 1,615 recoveries, and 908 clearances. Azpilicueta has clocked 90 successful 50/50s, besides creating 37 big chances.
With Marseille, Azpilicueta won the Coupe de La Ligue and two Trophee des Champions. With Chelsea, he has bagged two Premier League honors, one FA Cup, one League Cup, two Europa Leagues, one Champions League, one UEFA Super Cup, and one FIFA Club World Cup honor. He has been a four-time runner-up with Chelsea in the FA Cup, besides twice in the League Cup.
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https://www.newsbytesapp.com/news/sports/cesar-azpilicueta-signs-new-chelsea-contract-until-2024/story
| 2022-08-05T11:15:26
|
en
| 0.978917
|
13 killed, 40 injured in massive Thailand nightclub blaze
At least 13 people were killed in a major fire that broke out at a nightclub in Thailand early on Friday. Officials said nearly 40 people were also injured in the incident. The fire broke out around 1:00 am (1800 GMT) at the Mountain B nightspot in Thailand's Sattahip district which is around 150 kilometers south of Bangkok, a rescue official told AFP.
The Sawang Rojanathammasathan Rescue Foundation's social media footage of the tragedy showed anguish and chaotic scenes at the location. Desperate revelers were heard shouting as their garments were on fire as they fled the club. According to the fire department, the blaze was fueled by flammable acoustic foam on the club's walls, and it took firemen more than three hours to extinguish it.
Club in Thailand caught fire last night, 13 people died trapped inside and over 40 with burns. 💔💔💔 pic.twitter.com/KfDhmsNEOq
— Mr_A916 (@Mr_A916) August 5, 2022
According to the agency, the bodies of the victims — four women and nine men— were charred and largely clustered near the door and in the restroom. All of the victims are thought to be locals. "There is no death related to foreigners," said a senior police officer, Boonsong Yingyong of the Phlu Ta Luang police station, which monitors the incident.
In 2009, a major flame erupted at a New Year's Eve party at Bangkok's posh Santika club, killing 67 people and injuring over 200. The proprietor of Santika was sentenced to three years in prison for the fire. In 2012, four individuals died in a fire triggered by an electrical failure at a club on the tourist island of Phuket.
|
https://www.newsbytesapp.com/news/world/13-killed-in-nightclub-fire-in-thailand/story
| 2022-08-05T11:16:08
|
en
| 0.979649
|
Will sanction Pelosi over Taiwan visit: China's warning to US
China will be sanctioning United States (US) House Speaker Nancy Pelosi for her visit to Taiwan this week, the Foreign Ministry announced on Friday. This comes days after Pelosi's pit stop in Taipei as part of Asia tour. An angry China since then has undertaken military drills near Taiwan to respond to US's 'provocation'. "China has chosen to overreact," US officials said on Friday.
- While Taiwan remains self-ruled, China claims the island as its own under the 'One China' policy.
- Standing in solidarity with Taiwan's "independence," the third highest-ranking US official Pelosi visited the island nation this week, leading to Chinese furore.
- The US's commitment under the Taiwan Relations Act to provide Taiwan with military support to defend itself is also viewed as an affront to China.
According to Global Times, the unofficial mouthpiece of the Xi Jinping government, China will sanction Pelosi and her immediate family members "because she disregarded China's serious concern" to her visit. "The visit interferes with China's internal affairs, undermines Chinese sovereignty...tramples on the one-China principle," the statement read. However, the government did not reveal the nature of these sanctions, which reportedly might only be symbolic.
Meanwhile, the US government retaliated against China by calling its military drills an "overreaction." US Secretary of State Antony Blinken said that China's military drills aimed at Taiwan represent a "significant escalation." "China has chosen to overreact and use Pelosi's visit as a pretext to increase provocative military activities in and around the Taiwan Strait," Blinked said, as per Reuters.
Beijing has announced sanctions on US officials previously often without specific punitive measures. A few months ago, China said that it is imposing visa restrictions on a few US officials for allegedly "concocting lies on humans rights issues in China." Mike Pompeo, former US Secretary has also been sanctioned and is not permitted to enter China or do business with Chinese entities.
China stepped up to show its military prowess only hours after Pelosi left the island nation by firing ballistic missiles and deploying fighter jets around Taiwan. The drills, scheduled to go on till Sunday, were even conducted on islands just 20 km away from Taiwan. Speaker Pelosi alleged that Beijing was using her visit as an "excuse" to conduct military drills.
China imposed severe sanctions on the import of fruits and seafood from Taiwan and halted sand supplies to the island on Wednesday following Pelosi's visit, which has sparked a diplomatic row among the countries. Notably, it's the first visit of any elected representative of the US to Taiwan in the last 25 years. China may also halt the shipment of natural sand to Taiwan.
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https://www.newsbytesapp.com/news/world/china-threatens-pelosi-with-sanctions/story
| 2022-08-05T11:16:15
|
en
| 0.969157
|
Florida-based employee fired for being late; colleagues protest
Punctuality is definitely something employers expect from their employees. However, being late once in a while shouldn't lead to a mercurial situation. Have you ever imagined getting fired for arriving late at work for the first time in seven years? Sounds bizarre, right? A Florida-based man experienced the same recently, and his colleagues are standing up for him. Talk of a toxic workplace!
His colleagues have made an ingenious plan to manipulate their employer into rehiring the man. A user named No Stop It Step Bro shared a lengthy post on Reddit's "Anti-work" forum on Monday where they wrote, "This happened last week and today Monday we just found out he was fired for being 20 minutes late for the first time ever..."
"Tomorrow me and all my coworkers will be late and will continue to come in late until they rehire him," the user added. The post went viral and garnered over 78,000 upvotes and several netizens commented slamming the "shortsighted" manager for his actions. "[He didn't receive] a write-up, a verbal warning or anything—just straight up let go," the user wrote.
"What's crazy is that he is the only painter we have...like there's no one to replace him...now we will be 'behind' because stuff isn't done because we can't do it because we don't know how," the user said. "He (the boss) needs us, we don't need him," they added. A user slammed their boss saying, "Twenty minutes is nothing. How petty of your boss."
Other Reddit users also shared their own experiences of getting fired. Last week, a teenager went viral for sharing that he was fired for listening to leftist music at work! Another boss was criticized last week after ordering his employee to abandon their vacation plan despite giving 150 days' notice. Florida is an at-will employment state but employees cannot be terminated for discriminatory reasons.
As per the US labor law, at-will employment enables employers to dismiss employees for any reason and without warning, as long as the reason is not illegal, i.e. firing an employee because of their race, religion, sexuality, etc. Every US state except Montana is at-will.
|
https://www.newsbytesapp.com/news/world/employee-fired-for-being-late-colleagues-protest/story
| 2022-08-05T11:16:22
|
en
| 0.98437
|
RBI hikes interest rate by 50 bps to pre-pandemic level
The repurchase rate was raised by 50 basis points to lift the interest rate to the pre-pandemic level. The 5.40 per cent repo rate was last seen in August 2019.
MUMBAI: The Reserve Bank on Friday raised the key interest rate by 50 basis points, the third straight increase since May in an effort to cool stubbornly high inflation and defend the rupee.
The repurchase rate was raised by 50 basis points to lift the interest rate to the pre-pandemic level. The 5.40 per cent repo rate was last seen in August 2019.
Announcing the rate hike, RBI Governor Shaktikanta Das did not offer any indication of a change in the stance or a possible pause in the next policy due in late September.
The Reserve Bank of India's six-member rate-setting panel voted unanimously on the rate hike decision while sticking to its resolve to withdraw the accommodative stance.
It, however, retained GDP growth projection at 7.2 per cent for the current fiscal ending March 31, 2023, and kept the inflation outlook for the year unchanged at 6.7 per cent.
"Inflationary pressures are broad-based and core inflation remains elevated. Inflation is projected to remain above the upper tolerance level of 6 per cent through the first three quarters of 2022-23, entailing the risk of destablishing inflation expectations and triggering second-round effects," he said.
The RBI targets inflation at 2-6 per cent.
June was the sixth consecutive month when headline CPI inflation remained at or above the upper tolerance level of 6 per cent.
Stating that there has been some let-up in global commodity prices, particularly in prices of industrial metals, and some softening in global food prices, the governor said domestic edible oil prices are expected to soften further on the back of improving supplies from key producing countries.
Further, the advance of the southwest monsoon is by and large on track and kharif sowing has picked up in the recent weeks.
"The shortfall in kharif sowing of paddy, however, needs to be watched closely, although buffer stocks are quite large. Household inflation expectations have eased but they still remain elevated," he said.
The central bank surprised markets with a 40 bps hike at an unscheduled meeting in May, followed by a 50 bps increase in June, but prices have shown little sign of cooling off yet.
The latest increase mirrors the US Federal Reserve-led global tightening of interest rates to rein in spiraling prices, caused by supply snarls and energy price shocks following Russia's invasion of Ukraine.
The MPC believes "calibrated withdrawal of monetary policy accommodation is warranted to keep inflation expectations anchored and contain the second round effects," Das said.
On the rupee depreciating against the US dollar, he said at a 4.7 per cent decline, the rupee fared much better than several reserve currencies as well as many of its EME and Asian peers.
"The depreciation of the Indian rupee is more on account of the appreciation of the US dollar rather than weakness in macroeconomic fundamentals of the Indian economy. Market interventions by the RBI have helped in containing volatility and ensuring the orderly movement of the rupee," he said.
He said the RBI will remain watchful and maintain the stability of the rupee.
The Indian economy has been impacted by the global economic situation and is grappling with the problem of high inflation.
"Nevertheless, with strong and resilient fundamentals, India is expected to be amongst the fastest growing economies during 2022-23 according to the IMF, with signs of inflation moderating over the course of the year," he said.
The financial sector is well capitalised and sound while the foreign exchange reserves - supplemented by net forward assets - provide insurance against global spillovers. "Our umbrella remains strong," he said.
|
https://realty.economictimes.indiatimes.com/amp/news/industry/rbi-hikes-interest-rate-by-50-bps-to-pre-pandemic-level/93366601
| 2022-08-05T11:16:25
|
en
| 0.967874
|
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RBI hikes interest rate by 50 bps to pre-pandemic level
The repurchase rate was raised by 50 basis points to lift the interest rate to the pre-pandemic level. The 5.40 per cent repo rate was last seen in August 2019.
MUMBAI: The Reserve Bank on Friday raised the key interest rate by 50 basis points, the third straight increase since May in an effort to cool stubbornly high inflation and defend the rupee.
The repurchase rate was raised by 50 basis points to lift the interest rate to the pre-pandemic level. The 5.40 per cent repo rate was last seen in August 2019.
Announcing the rate hike, RBI Governor Shaktikanta Das did not offer any indication of a change in the stance or a possible pause in the next policy due in late September.
The Reserve Bank of India's six-member rate-setting panel voted unanimously on the rate hike decision while sticking to its resolve to withdraw the accommodative stance.
It, however, retained GDP growth projection at 7.2 per cent for the current fiscal ending March 31, 2023, and kept the inflation outlook for the year unchanged at 6.7 per cent.
"Inflationary pressures are broad-based and core inflation remains elevated. Inflation is projected to remain above the upper tolerance level of 6 per cent through the first three quarters of 2022-23, entailing the risk of destablishing inflation expectations and triggering second-round effects," he said.
The RBI targets inflation at 2-6 per cent.
June was the sixth consecutive month when headline CPI inflation remained at or above the upper tolerance level of 6 per cent.
Stating that there has been some let-up in global commodity prices, particularly in prices of industrial metals, and some softening in global food prices, the governor said domestic edible oil prices are expected to soften further on the back of improving supplies from key producing countries.
Further, the advance of the southwest monsoon is by and large on track and kharif sowing has picked up in the recent weeks.
"The shortfall in kharif sowing of paddy, however, needs to be watched closely, although buffer stocks are quite large. Household inflation expectations have eased but they still remain elevated," he said.
The central bank surprised markets with a 40 bps hike at an unscheduled meeting in May, followed by a 50 bps increase in June, but prices have shown little sign of cooling off yet.
The latest increase mirrors the US Federal Reserve-led global tightening of interest rates to rein in spiraling prices, caused by supply snarls and energy price shocks following Russia's invasion of Ukraine.
The MPC believes "calibrated withdrawal of monetary policy accommodation is warranted to keep inflation expectations anchored and contain the second round effects," Das said.
On the rupee depreciating against the US dollar, he said at a 4.7 per cent decline, the rupee fared much better than several reserve currencies as well as many of its EME and Asian peers.
"The depreciation of the Indian rupee is more on account of the appreciation of the US dollar rather than weakness in macroeconomic fundamentals of the Indian economy. Market interventions by the RBI have helped in containing volatility and ensuring the orderly movement of the rupee," he said.
He said the RBI will remain watchful and maintain the stability of the rupee.
The Indian economy has been impacted by the global economic situation and is grappling with the problem of high inflation.
"Nevertheless, with strong and resilient fundamentals, India is expected to be amongst the fastest growing economies during 2022-23 according to the IMF, with signs of inflation moderating over the course of the year," he said.
The financial sector is well capitalised and sound while the foreign exchange reserves - supplemented by net forward assets - provide insurance against global spillovers. "Our umbrella remains strong," he said.
The transaction values the apartment spread over 3,456 sq ft at nearly Rs 1.27 lakh per sq ft pushing it into the tally of the country’s most expensive residential deals ever.
The Haryana Real Estate Regulatory Authority (HRERA) has issued multiple orders pertaining to 17 builders directing them to refund homebuyers' money along with interest at the rate of 9.70 per cent within 90 days.
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https://realty.economictimes.indiatimes.com/news/industry/rbi-hikes-interest-rate-by-50-bps-to-pre-pandemic-level/93366601
| 2022-08-05T11:16:27
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https://sportspyder.com/nfl/philadelphia-eagles/articles/40296278
| 2022-08-05T11:16:52
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https://sportspyder.com/nfl/philadelphia-eagles/articles/40296475
| 2022-08-05T11:16:59
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https://sportspyder.com/nfl/philadelphia-eagles/articles/40296476
| 2022-08-05T11:17:05
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https://sportspyder.com/nfl/philadelphia-eagles/articles/40296478
| 2022-08-05T11:17:11
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https://sportspyder.com/nfl/philadelphia-eagles/articles/40296609
| 2022-08-05T11:17:17
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https://sportspyder.com/nfl/philadelphia-eagles/articles/40296707
| 2022-08-05T11:17:23
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https://sportspyder.com/nfl/philadelphia-eagles/articles/40297091
| 2022-08-05T11:17:29
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https://sportspyder.com/nfl/philadelphia-eagles/articles/40297138
| 2022-08-05T11:17:35
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https://sportspyder.com/mlb/chicago-white-sox/articles/40296805
| 2022-08-05T11:17:41
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https://sportspyder.com/mlb/chicago-white-sox/articles/40297041
| 2022-08-05T11:17:47
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https://sportspyder.com/mlb/chicago-white-sox/articles/40297282
| 2022-08-05T11:17:53
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The House select committee investigating the Jan. 6, 2021, insurrection could soon get hold of text messages from Alex Jones, the right-wing conspiracy theorist who is on trial this week for spreading lies about the Sandy Hook mass shooting.
Mark Bankston, the lawyer representing two parents whose child was killed in the 2012 massacre, and sued Jones for defamation, on Thursday told a judge presiding over the trial he intends to turn over text messages he was accidentally sent by Jones’ attorneys.
“I am under request from various federal agencies and law enforcement to provide” the records, Bankston told Judge Maya Guerra Gamble, according to CNN. “Absent a ruling from you saying you cannot do that ... I intend to do so immediately following this hearing.”
Bankston said the records included texts Jones had exchanged with Republican political strategist and Donald Trump ally Roger Stone.
“Things like Mr. Jones and his intimate messages with Roger Stone are not confidential. They are not trade secrets,” Bankston said, according to The New York Times.
While Bankston did not name every agency requesting the records, he said in court: “I’ve been asked by the January 6 committee to turn the documents over,” CNN reported.
Bankston on Wednesday said Jones’ attorneys “messed up,” and shared with him a digital copy of Jones’ cellphone, including every text message the Infowars host has sent over the past two years. Bankston told the court Jones’ attorneys did not assert privilege over the records.
“I believe that there is absolutely nothing, nothing, that Mr. Reynal has done to fulfill his obligations to protect his client and prevent me from doing that,” Bankston said of Jones’ attorney Andino Reynal.
Reynal is requesting a mistrial over the records that ended up with the plaintiffs’ laywers, according to NPR.
CNN reported Judge Gamble told Bankston to hold off from sharing the text messages while the court assesses an argument to stop them from being transferred to the committee.
Jones was subpoenaed by the Jan. 6 committee in November 2021, along with Roger Stone, and others involved in organizing rallies challenging the result of the 2020 presidential election.
“We need to know who organized, planned, paid for, and received funds related to those events, as well as what communications organizers had with officials in the White House and Congress,” committee chairman Rep. Bennie Thompson (D-Miss.) said in a statement at the time.
While Jones and his security guard, who was also subpoenaed by the committee for his own phone records, sued to challenge the committee’s request in December 2021, Jones appeared before the committee a month later.
Jones told his show he provided “unofficial testimony” to the Jan. 6 panel in January, adding he answered most questions with invoking the Fifth Amendment, according to Politico.
Jones recalled Jan. 6 investigators were in possession of text messages he had exchanged with Caroline Wren and Cindy Chafian, who both organized a rally for Donald Trump on Jan. 5, Politico reported.
Jones was ordered to pay over $4 million Thursday to the parents of a child killed in Sandy Hook, and the jury will reconvene Friday to determine what the Infowars host will have to pay in punitive damages.
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https://www.huffpost.com/entry/alex-jones-text-messages-jan-6-committee_n_62ecdb6de4b0da5ec0f3887b
| 2022-08-05T11:19:57
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| 0.97245
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Republican District Attorney Amy Weirich, whose tough-on-crime approach stirred controversy in the Memphis area for over a decade, lost her reelection bid for Shelby County’s top prosecutor.
Democrat Steven Mulroy, a law professor at the University of Memphis who ran on a reform-minded platform that included bail reforms, triumphed with more than 55% of the vote as of Thursday night.
Mulroy said that Weirich conceded in the race in a Twitter post.
Mulroy’s candidacy was backed by local progressives in the area who are seeking a change in the county’s criminal justice system, primarily in the county seat of Memphis.
Weirich presided over a sharp rise in violent crime in recent years; Memphis had the country’s ninth-highest murder rate in 2019 and set a record for homicides in 2020. This may have swayed voters who were turned off by a lack of results — even if they bought into her punitive prosecutorial approach.
During her campaign, Weirich said she did not “apologize for being tough on crime.” Over the years, Weirich refused to bring criminal charges against police officers in several high-profile shootings — even in cases where officers were fired and reprimanded for violating department policies.
In contrast, Weirich engaged in an overzealous prosecution of Pam Moses, a Black activist in Memphis, for attempting to register to vote despite a felony record. (Moses says local election officials told her she could register.) Moses was initially sentenced to six years in jail, but The Guardian revealed earlier this year that the Tennessee Department of Correction improperly held back evidence in the case. Weirich dropped the charges not long after.
Weirich has also touted “Truth in Sentencing” laws that would increase prison time for certain violent offenses, which became a major issue in the campaign.
Mulroy ran ads attempting to tie Weirich to former President Donald Trump, which likely aided his campaign in a heavily Democratic city. Weirich ran ads seeking to portray Mulroy as an extreme liberal; one included footage of Mulroy rallying with unionizing Starbucks workers and accused him of favoring the “defund the police” movement.
Mulroy pushed back on the “defund” label in a recent debate, but did not shy away from his support for the Starbucks workers.
“It’s absolutely correct that the TV commercial crops and doctors a photo of me at the Starbucks rally where I was rallying to defend workers who had been fired for unionizing,” he said. “Contrary to what you’ve just heard, I’ve never advocated for [defunding police], what I have advocated for...is hiring more police, spending more money on training, or money on recruiting, because that’s what helps with actual crime.”
A recent report from HuffPost described how former prosecutors in her office were upset by heavy workloads and bristled at her tough-on-crime approach. Mulroy will become district attorney after Weirich’s term ends on Sept. 1. Shelby County holds unusual late-summer general elections.
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https://www.huffpost.com/entry/amy-weirich-steve-mulroy-memphis-shelby-county_n_62ec358be4b09d09a2c248cd
| 2022-08-05T11:20:03
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| 0.973164
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Like most kids, I was obsessed with sugary cereals, especially Cinnamon Toast Crunch. My mom rarely let me have it, but the square morsels of cinnamon were my favorite morning meal, even though the choice was less than ideal for a growing 7-year-old.
Each stage of life requires a focus on different nutrients, from calcium and iron in childhood to protein and omega 3s in the golden years. HuffPost interviewed four dietitians to find the ideal breakfast for each stage of life.
Little Kid (2 to 6 years old)
Toddlers are notorious for being picky eaters, enjoying a limited rotation of familiar foods. This can cause some issues in the bathroom department, according to Sue-Ellen Anderson-Haynes, a registered dietitian and the founder of 360Girls&Women.
“Pediatricians tend to see parents of children around this age group complain more of constipation,” Anderson-Haynes told HuffPost. “As a matter of fact, constipation is the most common complaint of parents and affects about 30% of children (preschoolers and older children).” The solution? More fiber in fun and familiar foods, like high-fiber waffles and fruits.
Registered nutritionist Marissa Meshulam provided another solution for choosy little kids at breakfast ― a snack plate. Cut an egg into bite-size portions, slice toast into strips, slather it with some avocado and include some fruit for a balanced and diverse breakfast.
“The egg and avocado provide healthy fats for their brain development, the fruit provides some antioxidants, and the toast gives some fiber and carbs for energy,” Meshulam said. “The egg also contains vitamin D and iron, which are important for bone and muscle development.”
School Age (12 and under)
Crucial for this period are calcium and vitamin D, and children may not be consuming adequate amounts that are essential for bone development and strong teeth, according to several studies.
“It’s important to build up calcium stores while the child is young since once you get older, calcium absorption decreases,” Anderson-Haynes said.
One easy way to ensure your little one is getting enough calcium and vitamin D is a smoothie. Combine fruits for carbs and sweetness, nut butter, seeds or nuts for fat and satiety, and yogurt or milk (plant or dairy) for protein and calcium, according to Anderson-Haynes and Meshulam.
“You can even sneak in some veggies (like spinach or frozen riced cauliflower) for added nutrition that they won’t taste,” Meshulam added.
If you’re choosing an alt-milk, look for one fortified with calcium and vitamin D, as not all are created equally.
“One cup of milk or soy milk provides 200 mg of calcium,” Anderson-Haynes said. “That’s 20% of the recommended daily intake, which is 1,000 mg per day for children in this age group.” Look for a label indicating fortified, or check the nutrition facts panel for at least 300 mg of calcium.
Teenagers (13 to 17 years old)
Early starts and packed schedules can make it difficult for teenagers to get enough fuel for their busy schedules. Eggs, sausage, bacon and toast could be the filling and fueling start that powers teens through their day, according to Meshulam.
She suggests eggs and something like Applegate Organics Chicken & Apple Breakfast Sausage, which is organic and contains nothing artificial for a combination of protein and iron.
“Iron becomes increasingly important for female teenagers who begin menstruation, and protein is important for their growing muscles,” Meshulam said. “The bread provides them with fiber-filled carbs for their various activities.” Add in some fruit for fiber and antioxidants.
Getting adequate amounts of iron is crucial at this stage for both boys and girls. Beans are an excellent source. Swap black beans, pinto beans or chickpeas into a breakfast taco with an array of toppings and flavors.
″For example, 1 cup of cooked black beans provides about 5 mg of iron, about 30-40% of the iron needed for adolescent girls and boys, respectively,” Anderson-Haynes said. “Eggs or plant-based eggs made from chickpea also provide some iron to this meal. Vitamin C in the tomatoes helps absorb non-heme iron (plant iron).”
Young Adults (18 to 30 years old)
On their own for the first time, young adults often struggle to eat anything for breakfast. And while it’s not the most important meal of the day, finding some fuel is essential.
“Remembering the basic rule that ‘anything is better than nothing’ can help some individuals commit to having a regular breakfast to keep their brain fueled and their body going,” registered dietician Barb Ruhs said.
If time is an issue, try one of the many on-the-go options like granola bars, instant oatmeal cups or frozen premade smoothies.
“If you wanted to get more focused on nutrition, I’d recommend at least two food groups: 1) whole grain bread (grains) and fresh produce (avocado), 2) Greek yogurt (dairy) with fresh fruit (berries) or 3) a breakfast burrito (eggs and grains),” Ruhs advised.
The 2020-2025 Dietary Guidelines for Americans found that most adults don’t consume enough calcium and vitamin D, which isn’t just for building bones and teeth.
“Calcium is important for bone metabolism, nerve conduction and endocrine support, while vitamin D is important for the absorption of calcium,” said registered dietitian nutritionist Kimberly Rose-Francis. With that in mind, options like Greek yogurt parfait, cottage cheese toast with salmon, or a banana pecan smoothie made with 2% milk could support your calcium and vitamin D needs.
Middle Age (40 to 60 years old)
You’re likely not eating enough fiber, as more than 90% of American men and women don’t hit their recommended dietary intakes. Rose-Francis said you can bump it up at breakfast with whole grains, fruits and veggies.
“A loaded vegetable omelet, whole grain pancakes and oatmeal are fiber-filled breakfast options,” Rose-Francis said. Fiber is essential for healthy digestion, promoting good gut microbes and regularity.
Seniors (60-plus years old )
Not just for gym bros, eating enough protein is essential at this stage to preserve muscle mass, which deteriorates naturally with aging.
“Scrambled eggs and protein shakes containing at least 16 grams of protein are good options for breakfast for seniors,” Rose-Francis said. “Protein-rich foods that are easy to chew may help to preserve strength and muscle mass.” Since appetite wanes at this stage of life, ensuring you’re eating enough is also vital.
Boosting brain function may also be on your mind at this stage of life, which means you should focus on getting your omega-3s by eating nuts and seeds, and antioxidant-rich produce like berries, which have been shown to help prevent cognitive decline.
“Frozen berries are easy to keep on hand, and it’s a great routine to top a whole-grain cereal/oatmeal daily with a handful of brain-boosting berries to maintain memory and infuse the diet with powerful antioxidants,” Ruhs said.
She also suggests a savory breakfast with salmon, which contains brain-boosting omega-3 fats, vitamin D, selenium, iron and marine-based antioxidants.
“Choose land-based (farmed) salmon if you’re looking for a mercury-free salmon with all the amazing benefits of their wild cousins,” Ruhs said.
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https://www.huffpost.com/entry/best-breakfast-foods-to-eat-every-age_l_62e29c3de4b09d14dc40481f
| 2022-08-05T11:20:09
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| 0.942322
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As someone who has been wearing earrings since before she could walk, I’m always looking for ways to expand my repertoire. I love a stud or vintage dangle as much as the next person, but there’s something extra special about a hoop. That said, my tastes have grown a bit more minimal when it comes to jewelry, and I am gravitating more toward compelling textures and shapes as opposed to imposing sizes. And these days, I’m all about the “floop.”
Floop earrings are everywhere lately, and there’s a good chance you’ve spotted them out in the wild. As you probably guessed, they’re essentially flat hoop earrings. The shape adds a bit of heft and dimension to a standard hoop earring and gives the wearer a decidedly modern vibe.
I love the versatility of floops. They come in all sizes, so you can go the tiny huggie route (which is my personal fave) or you can go big with shoulder-skimming floops that put a trendy spin on traditional big hoop earrings. Below, I’ve rounded up some of my favorite flat hoop earrings of all shapes and sizes, so you can pick up the one that best matches your own personal style and jump on board this chic earrings trend.
HuffPost may receive a share from purchases made via links on this page. Every item is independently selected by the HuffPost Shopping team. Prices and availability are subject to change.
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https://www.huffpost.com/entry/best-flat-hoop-earrings_l_62e93ca4e4b0d0ea9b7b2460
| 2022-08-05T11:20:15
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| 0.945776
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HuffPost may receive a share from purchases made via links on this page. Every item is independently selected by the HuffPost Shopping team. Prices and availability are subject to change.
Toward the end of my middle school years, I went through a major growth spurt. Over the course of just one summer, I grew 3 inches and arrived back from break towering over most of my friends and classmates. In addition to getting used to my new height, there was one side effect that I just couldn’t seem to get over: the fresh stretch marks that appeared all over my body.
My dermatologist at the time recommended Bio-Oil skincare oil, a longtime drugstore staple infused with a slew of vitamins and plant extracts. Before long the streaky scars that had taken over my knees and elbows became less noticeable, and I was more comfortable with wearing shorts and short-sleeved shirts again. From then on, I knew this oil would be a permanent part of my beauty routine. So when I received the news that my beloved skincare brand launched a new body lotion, I knew I had to get my hands on it. I wasn’t alone.
“I literally couldn’t get [the lotion] shipped to me fast enough,” said fellow shopping writer Tessa Flores, who has previously written about her obsession with Bio-Oil. “I love that it still contains its traditional all-star infusions of seed oils and vitamin E, but with the addition of hyaluronic acid, which is great for retaining moisture.”
After testing out the lotion for a few days, I had to let the rest of the world know about my experience.
Now, even though it’s categorized as a lotion, I would actually describe this more as a creamy oil. It’s a bit runny and way more thin than a traditional moisturizer, but seemingly absorbs into my skin better than a lot of lotions I’ve used. It would make a great oil alternative to apply right before bed so your sheets don’t become greasy.
Because it’s so light, you may be wondering how in the world it actually moisturizes so well. For one thing, in addition to the hyaluronic acid and vitamin E, it also contains shea, jojoba, and rosehip oils. And according to the trade site Cosmetics and Toiletries, “water and oil are lightly bound together” in the formula, which becomes emulsified when you shake it before applying.
As someone who hates the feeling of oils on my skin, Bio-Oil’s lotion passed my test for comfort. Throughout the day, I forgot I was even wearing it. It gave my skin a healthy glow without looking like I’d doused myself in oil. It also has no smell, so if you have sensitive skin (or a sensitive nose), you shouldn’t have any issues with it.
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https://www.huffpost.com/entry/bio-oil-body-lotion_l_62ea77b5e4b0da5ec0f07580
| 2022-08-05T11:20:21
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en
| 0.97308
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In America, heart disease is the leading cause of death among adults, and strokes (another cardiovascular disease) are one of the top five causes of death.
While certain lifestyle changes can reduce your risk of cardiovascular events, genetics also plays a large role in determining your risk for heart attacks, heart disease and stroke. This also holds true with certain health conditions. A new study shows gout, a common form of arthritis, may be associated with a higher risk of both stroke and heart attack.
Gout flare-ups are linked to an increased risk of heart attack and stroke for some time after the flare-up happens, according to U.K.-based research published in the American Medical Association’s JAMA journal.
The study followed 62,574 people with gout and found that “patients who suffered a heart attack or stroke were twice as likely to have had a gout flare in the 60 days prior to the [cardiovascular] event, and one and a half times more likely to have a gout flare in the preceding 61-120 days.”
This means if you experience a gout flare-up, there’s an increased risk of cardiovascular events in the four months following the occurrence.
“People with gout tend to have more cardiovascular risk factors,” according to the research. Additionally, the study stated gout ultimately leads to severe inflammation that manifests “as joint pain, swelling, redness, and tenderness that often lasts for one to two weeks. These episodes, called gout flares, often recur. Inflammation is also a risk factor for heart attack and stroke.”
Currently, about 8.3 million Americans have gout, and that number is only expected to grow in the coming years as rates of obesity rise and Baby Boomers get older. In other words, many Americans now have even more reason to monitor their heart health.
So, what can you do to protect your heart health if you have gout? And how can you reduce your risk of developing the condition? An expert shared below a few tips to help.
What is gout and who is prone to it?
Gout is “a disease that causes inflammation of the joints [and] it is the most common [type of] inflammatory arthritis,” according to Dr. Ethan Craig, an assistant professor of rheumatology at the Perelman School of Medicine at the University of Pennsylvania.
At its core, “gout is caused by an immune reaction to monosodium urate crystals in the joints,” he said. These crystals occur when you have elevated levels of uric acid in the blood.
Gout flare-ups (which are when the joints become painful, red or swollen commonly in the big toe, knee and ankle) happen when something occasionally triggers the immune system to notice the crystals in the joints, Craig noted. Flare-ups vary in severity but can become chronic and even lead to the destruction of the joints.
Can you reduce your risk of developing gout?
Unfortunately, a large component of gout risk is genetic, Craig said. “I emphasize this because there is this misconception that gout happens entirely because of dietary choices or lifestyle choices, but in most cases, this is not true,” he added.
There are a few things you can do to help reduce your risk of developing gout. Craig noted that weight loss, moderating alcohol consumption and following a Mediterranean diet are all ways to lower uric acid levels. It’s important to note that whether these lifestyle choices prevent gout altogether is unclear.
If you have gout, there are ways to manage it
This all may feel a little grim, but there is good news: Gout is highly treatable, Craig said.
Acute flare-ups are treated with an anti-inflammatory drug or steroid, he explained. And with long-term treatment, doctors address the underlying cause — which is high uric acid levels — through lifestyle changes or medication.
If you have gout, you must stay up to date with your treatments. Gout is a lifelong condition that requires ongoing and constant management; it can also become dangerous and even more painful when left untreated.
Additionally, there are methods to reduce your risk of heart attack and stroke
If you suffer from gout and are nervous about the heightened risk of cardiovascular events, you can make a few simple lifestyle changes to improve your heart health while continuing to manage your gout.
Maintaining a healthy weight, eating a diet with lots of fruit, veggies and lean protein, not smoking and regular exercise are all ways to reduce your risk of heart attack and stroke, according to the American Heart Association.
Walking for 21-minutes a day also cuts your risk of heart disease by 30%, according to Harvard Health. And Dr. Tamanna Singh, co-director of the sports cardiology center at Cleveland Clinic, previously told HuffPost that walking can benefit everyone whether they have increased cardiovascular risk or not.
Taking a walk can help control things like high blood pressure and high cholesterol. The activity can also prevent heart attacks and strokes, Singh said.
While gout flare-ups may mean an increased risk of heart attack and stroke, there are ways to manage both your gout and heart health to help prevent these cardiovascular events from happening.
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https://www.huffpost.com/entry/gout-heart-attack-stroke-risk-study_l_62ea8d59e4b09fecea4a20a8
| 2022-08-05T11:20:28
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| 0.958541
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“Late Night” host Seth Meyers sees a bit of one action movie star in former President Donald Trump.
On Thursday, Meyers reflected on Trump backing Arizona Republican primary candidates who have an affinity for parroting his “big lie” about the 2020 election. The candidates, including conservative gubernatorial candidate Kari Lake, won their primary bids in a state Trump lost to Joe Biden in 2020.
Meyers next played a clip from ABC’s “World News Tonight” which described Arizona as a “revenge state.”
“Nothing says ‘divider’ instead of ‘uniter’ more than a former president with a ‘revenge state,’” Meyers said. “You lost an election, stop acting like Liam Neeson threatening to get his daughter back.”
Meyers then performed an impression of Trump on the phone going over his “very particular set of skills,” including those on the golf course.
Watch Meyers’ “A Closer Look” segment from Thursday below:
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https://www.huffpost.com/entry/seth-meyers-donald-trump-movie-comparison_n_62ecd102e4b0ecfe3f6f849c
| 2022-08-05T11:20:34
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| 0.966421
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They don’t call it “beauty sleep” for nothing. Getting a minimum of seven hours nightly is good for your health, which is above all else. But sleeping in the wrong position, or on the wrong type of pillowcase, can actually make you look more tired.
Luckily, there are also a few hacks to improve your chances of looking your best when you wake up. We talked to medical and beauty experts about the “three p’s” — position, pillowcases and purpose — which will help you get your zzz’s in the most wrinkle-preventing way possible.
Position matters. Try to sleep on your back.
“Sleeping on your back is the best option when it comes to reducing wrinkles,” said dermatologist Michael Jacobs, medical technology director at Cortina and clinical associate professor of Dermatology at Weill Cornell Medical College. “When you sleep on your side, the skin folds and there is pressure on just one side of the face, which can allow wrinkles to form. Sleeping on your back can help combat those unwanted lines.”
Dermatologist Courtney Rubin, co-founder of Fig.1, agreed that back is best for wrinkle prevention. “Sleeping preferentially on one side of your face, or on your stomach, can lead to pressure and shear forces on the skin, along with creasing of the skin,” she said. “Spending many hours sleeping in a position where your skin is stretched and creased from your sleeping position can lead to wrinkle formation over time. If this applies to you, then finding a pillow that offloads pressure from your face — or changing positions to sleep on your back — can reduce the likelihood of these wrinkles.”
“Sleeping this way eliminates the possibility of your face being pressed into a surface all night,” said dermatologist Arash Akhavan. “It also eliminates any potential irritation from the surface you are sleeping on.”
If you’re wondering how you can change your natural sleeping position, there are ways. Here’s a full guide.
“Picture tossing a sheet down on your bed, crumpled in a pile,” said Joie Tavernise, medical esthetician and founder of JTAV Clinical Skincare. “The next day that sheet will be wrinkly, whereas if you stretch it out flat, it will remain wrinkle-free. Our skin acts the same way.” Her advice? “Just as you wear a hat and sunscreen during the day to protect from harmful UV rays and free radicals, at night there are tools and products to use to ensure that you aren’t doing damage during what is supposed to be a replenishing time.”
Pillowcases can be soothing for skin, especially if they’re silk.
If you’ve been reading about the benefits of having the right type of pillowcase, there are some experts who see the logic behind the claims. “Silk pillowcases are better for your skin,” Jacobs said. “There’s less friction between your skin and the pillow, which reduces the negative effect that it can have on your skin.”
Don’t forget sleep masks, too, he said. “Using a silk sleeping eye mask can significantly reduce the formation of wrinkles by protecting the most delicate part of your skin around your eyes.”
So what’s so great about silk? “Because silk is softer than cotton, it won’t tug or pull at the skin as you move around during sleep,” Tavernise explained. “Silk also absorbs less moisture than cotton or microfiber, so it won’t suck the hydration or night products from your skin overnight.” She had another smart tip to keep your face its freshest: “Regardless of what type of pillowcase you use, you should be washing it regularly to prevent the spread of bacteria that can lead to acne.”
But sleep alone has a lot of benefits for your skin.
It’s important to prioritize sleep as a time to undo some damage of the day that’s just passed.
“Most of the environmental damage that happens to skin is during the daytime hours, with exposure to pollution and oxidizing agents, UV light and other factors, which all contribute, over time, to loss of collagen, fine lines, wrinkles and dark spots,” said Rubin. “I think of nighttime as a chance for skin recovery, by using topicals like retinol, which supports collagen production, and by getting sufficient rest to combat daily wear-and-tear.”
“When you’re sleeping, your skin is working to rejuvenate itself by increasing blood flow and rebuilding collagen,” Akhavan said. “With an insufficient amount of sleep, the body produces stress response hormones, which play a major role in skin inflammation, aging and slower wound healing. Lack of sleep is one of the main contributors to aging skin, and it also exacerbates inflammatory skin conditions such as eczema, psoriasis and dermatitis.”
So remember: Get a fresh, clean pillowcase (possibly silk), lie flat on your back and enjoy those sweet, skin-renewing dreams.
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https://www.huffpost.com/entry/sleep-position-wrinkles_l_62e3ee02e4b09d14dc423797
| 2022-08-05T11:20:40
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en
| 0.948298
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I will say, these ribbed tanks tend to run a little long, even on me, who measures a relatively tall five fee, eight inches. I usually crop them myself, cutting off the last 3 to 5 inches from the bottom. They look super cute with added safety pins, V-cuts or other personalizations, and you can easily use them on tie-dye day for yourself or your kiddos.
If you, like me, always spill hot sauce on yourself, you may be worried about wearing a white shirt. However, the joy of a white shirt is that you can bleach it every time you wash it to keep it crispy and to combat any food or sweat stains or general funk.
If you’re looking for a cheap, fuss-free year-round basic, or just an affordable staple to layer with in all seasons, don’t sleep on the packaged “men’s” undershirts. They’re high quality for a nice price, and often come in a mega-pack so you’ll never run out.
To get you on the ribbed-tank train, I rounded up my a few variets of the Fruit of the Loom tanks from Target below, listing the quantity, size range and colors.
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https://www.huffpost.com/entry/target-fruit-of-the-loom-tank-top-review_l_62ea850ee4b0ecfe3f6ca9a3
| 2022-08-05T11:20:46
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| 0.943095
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If you need a little extra push to add it to your cart right now, check out these glowing Amazon reviews:
“I bought this for my son to wear at school. They have AC but it does not work great and he has to be out in the heat for gym. He absolutely loves it! All his classmates have asked to use it. We charge it every other day overnight. It lasts 2 eight hour school days. My son has dropped it and I had to fix it a couple times but it was super simple to fix by popping things back in place. He has used it for several months on a daily basis and still going strong. It’s quiet enough to have on high in a classroom.” — Amazon customer
“I have rosacea and I get hot and flushed super easy. This little fan is a life saver. Battery lasts a long time, has 3 speeds and even a little kick stand to prop it up on a table. Definitely recommend, helps me stay cool on hot days or when I start to flush.” — Steve, Carrie & Vince
“Great little fan. It does exactly what it is supposed to do. I use it while doing my make-up. I do my eye lashes using it too. Very handy. It has different speeds which are each different from the other. I really enjoy my purchase.” — Heather
“I bought this before our wedding resort trip and I am SOooOo glad I did! It came in clutch! When you’re dressed in wedding clothes and dripping sweat on the beach all you want is a little breeze. This little fan got passed around all day. It also helped on the flight home, we boarded a plane that had no AC for 30 minutes and it was so hot in Dallas. Grab one for your trip! It is 100% worth it.” — Alyssa
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https://www.huffpost.com/entry/tiktok-coolclip-personal-fan_l_62e93e30e4b07f8376736ce6
| 2022-08-05T11:20:52
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en
| 0.978226
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You need to enable JavaScript to run this app.
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https://sportspyder.com/nfl/pittsburgh-steelers/articles/40295851
| 2022-08-05T11:21:14
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en
| 0.738227
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You need to enable JavaScript to run this app.
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https://sportspyder.com/nfl/pittsburgh-steelers/articles/40296699
| 2022-08-05T11:21:20
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| 0.738227
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- Cardano price seems to be repeating a forecasting pattern – a liquidity sweep fractal – for the fourth time in two months.
- This development suggests that ADA could be ready for a quick run-up to $0.550.
- A daily candlestick close below $0.435 will invalidate the bullish thesis.
Cardano price is ready to rally after triggering the same pattern for the fourth time in the last two months. This development could provide buyers and traders with a quick and easy setup to capitalize on.
Cardano price seems ready to take off
Cardano price first produced the pattern when it set a swing low at $0.435 on June 13 which was swept as ADA produced a lower low at $0.419 on June 19. This liquidity sweep was followed by a 25% run-up to $0.550 in the next week.
A similar setup was triggered on July 13 as the June 30 swing low at $0.435 was swept again. However, this time, ADA rallied 36% to $0.550 in the next six days.
The fractal repeated for the third time as the July 18 swing low at $0.467 was swept by producing a lower low on July 26. This development was followed by another Cardano price rally that pushed it up 20%.
As of this writing, Cardano price has swept the $0.488 swing low formed on July 28, hinting at a quick rally. So far, ADA has moved up 4% and could ride another 8% before exhausting its bullish momentum.
ADA/USDT 4-hour chart
However, if Cardano price fails to move higher but instead succumbs to the bearish pressure, things could get ugly. Notwithstanding, buyers have another chance at recreating this fractal by sweeping the $0.450 support level.
A failure to do so, however, coupled with a daily candlestick close below $0.435 will invalidate the bullish thesis for ADA. In such a case, Cardano price could revisit the $0.380 support level.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
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Macro outlook reveals money-doubling potential for Dogecoin price if…
Dogecoin price is at that point in its lifespan, where long-term investors need to wait and short-term investors ignore it due to a lack of volatility. This crossroads for DOGE offers a massive payout for patient market participants that are ready to wait for things to fall into place.
Link price looks good for these reasons
A brief technical and on-chain analysis on Chainlink price. Here, FXStreet's analysts evaluate where LINK could be heading next.
Is doomsday for the CRO price already underway?
CRO price profit-taking reaction at the intended $0.15 target looks overpowering. A 21-day simple moving average could be viewed as the final supportive barrier for the Crypto.com uptrend.
Bitcoin: Is BTC out of the ‘bearish’ woods yet?
Bitcoin has overcome the 200-week SMA and 30-day EMA, denoting a major surge in bullish momentum. As a result, BTC could revisit anywhere from $25,000 to $30,000 soon. A daily candlestick close below 200 four-hour SMA at $21,117 will invalidate this bullish thesis.
|
https://www.fxstreet.com/cryptocurrencies/news/cardano-price-fractal-strikes-again-per-our-prediction-heres-whats-next-for-ada-202208051013
| 2022-08-05T11:21:24
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| 0.957322
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Coinbase and the SEC
Along with the whole cryptocurrency world, Coinbase has faced a torrid time since tech stocks peaked back in November. The crypto exchange lost over 88% of its value between then and May this year. While the stock price has managed to steady over the last 10 weeks, news that the US Securities and Exchange Commission (SEC) is planning to launch an investigation into the company saw the share price slump by over 21%, wiping out recent gains.
Defining cryptos
The SEC’s probe is over concerns that the platform has offered unregistered securities to its customers. This suggests that the company illegitimately let users trade digital assets, which the SEC believes should have been registered as securities. It appears that the SEC has several tokens in mind which were central to a recent case of insider trading, brought by the SEC against an employee of Coinbase, and his associates. Coinbase’s chief legal officer Paul Grewal is confident that the platform does not offer securities, and the company is pushing back against the SEC for not providing clearer rules in defining cryptocurrencies.
The regulators
If there is any concern that a particular crypto offering is a scam, investigation would initially fall under the remit of the Federal Trade Commission. But aside from that, the regulatory question is basically whether a cryptocurrency is a commodity/currency, in which case it would be regulated by the Commodity Futures Trading Commission (CFTC), or if it is more like an equity, and therefore a security. If the latter, then the crypto in question would be regulated by the SEC. The difficulty in assigning which bucket each crypto falls in to is that as many crypto projects are financed by the sale of highly speculative tokens. SEC Chair Gary Gensler has said that “many of these underlying tokens have the attributes of securities” which, if so, would require full and proper regulation and supervision to protect investors. During the insider trading lawsuit, the SEC wrote: “A digital token or crypto asset is a crypto asset security if it meets the definition of a security, which the Securities Act defines to include ‘investment contract,’… if it constitutes an investment of money, in a common enterprise, with a reasonable expectation of profit derived from the efforts of others.”
What about Bitcoin?
According to a previous SEC chairman, Jay Clayton, cryptocurrencies such as Bitcoin and Ether which replace “sovereign currencies,” aren’t securities. But digital assets and tokens used in initial coin offerings are. That would appear to be in line with the SEC’s current approach. Of course, complicating matters is how profits and losses are taxed, but that is an issue for the Internal Revenue Service. Putting this all together shows that the current regulation of crypto assets is a bit of a mess. And that’s before considering how other countries are dealing with them.
Coinbase woes
The sell-off in Coinbase itself reflected fears that the troubled platform could be hit with a large fine, or worse. But there are implications for the whole cryptocurrency universe. Unlike many regulators, SEC Chair Gensler has a reputation for taking decisive action and doing it quickly. His move to regulate tokens will be seen as a shot across the bow of a largely unregulated industry. That could certainly crimp the style of many of the current players, but many would argue that that’s a good thing, if it leads to a strengthening of investor protections. The crypto world is certainly a New Frontier when it comes to innovation and investment opportunities. But it also has much in common with the Wild West. There’s no doubt that it has been the latest product to capture the imagination of people trying to get rich quick. Consequently, it has suffered severe reputational damage given the number and nature of the scams that have been built on it. But it’s far more than that. There are so many potential applications for crypto and the blockchain going forward. But these need to be built on solid ground. Sensible regulation which helps to push out the cowboys but allows the serious players to drive the industry forward should be a good thing. Cryptos are well known for their volatility, with dramatic price moves both up and down. The market is currently working through one of its periodic crashes, and yet again the Cassandras are out in force predicting its imminent demise. But there’s no reason to believe that cryptos are on their way out. So, let’s hope that carefully considered regulation will help encourage this fledgling market, rather than crushing it.
Financial spread trading comes with a high risk of losing money rapidly due to leverage. You should consider whether you can afford to take the high risk of losing your money.
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AVAX price prematurely triggers its 40% rally
AVAX price shows an affinity to correct and shed weight after undergoing a massive expansive move in the last two weeks. This bullish development will be met with profit-taking that will likely drive the value of Avalanche lower. But, the downswing will allow buyers to get in at a discounted price and ride the next leg of the uptrend.
Macro outlook reveals money-doubling potential for Dogecoin price if…
Dogecoin price is at that point in its lifespan, where long-term investors need to wait and short-term investors ignore it due to a lack of volatility. This crossroads for DOGE offers a massive payout for patient market participants that are ready to wait for things to fall into place.
Link price looks good for these reasons
A brief technical and on-chain analysis on Chainlink price. Here, FXStreet's analysts evaluate where LINK could be heading next.
Is doomsday for the CRO price already underway?
CRO price profit-taking reaction at the intended $0.15 target looks overpowering. A 21-day simple moving average could be viewed as the final supportive barrier for the Crypto.com uptrend.
Bitcoin: Is BTC out of the ‘bearish’ woods yet?
Bitcoin has overcome the 200-week SMA and 30-day EMA, denoting a major surge in bullish momentum. As a result, BTC could revisit anywhere from $25,000 to $30,000 soon. A daily candlestick close below 200 four-hour SMA at $21,117 will invalidate this bullish thesis.
|
https://www.fxstreet.com/cryptocurrencies/news/coinbase-has-faced-a-torrid-time-since-tech-stocks-peaked-back-in-november-202208051010
| 2022-08-05T11:21:25
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| 0.963569
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- A staff member in the office of US Senator Cythia Lummis said that the SEC is investigating 40 cryptocurrency exchanges in the US.
- In a new development in the SEC v. Ripple case, the regulator refused to authenticate or deny the authenticity of Hinman’s statements
- Analysts believe XRP has entered an accumulation phase in which the altcoin is preparing for a massive rally.
The SEC’s battle against Ripple took a bizarre turn recently after the regulator refused to authenticate statements from former SEC director William Hinman in which he said cryptos should not be treated with the same oversight as securities. In a separate development a source inside the government said the regulator is currently widening its net to investigate over 40 US cryptocurrency exchanges, including the likes of Coinbase, and Binance.
Also read: Ripple battles the SEC with massive cross-border payment growth
SEC v. Ripple update
In the legal battle between the US Securities and Exchange Commission and Ripple, the regulator has refused to accept or deny the authenticity of William Hinman’s statements regarding the definition of cryptos as securities. In a key 2018 speech, the former director of corporate finance announced that the commission would not treat Ethereum or Bitcoin as securities. Documents surrounding his statements have since become key evidence in the case. Jay Clayton, SEC Chairman, recently noted the difference between cryptocurrencies and digital tokens. Clayton noted that cryptocurrencies are “replacements for sovereign currencies'' and are not securities.
It is key for the defense counsel to have the regulator authenticate Hinman’s documents. Defense Attorney James K Filan believes that the SEC will not consent to Ripple’s permission to authenticate videos of seven SEC officials’ public remarks in connection with the case. Filan argues that the SEC seeks to reopen discovery.
James K Filan, the defense lawyer, shared an update in a recent tweet:
#XRPCommunity #SECGov v. #Ripple #XRP Ripple Defendants request permission to serve non-party subpoenas to authenticate videos of seven SEC officials’ public remarks in connection with previous RFAs. SEC will not consent and SEC seeks to reopen discovery. pic.twitter.com/2MCbkX01dU
— James K. Filan 108k (beware of imposters) (@FilanLaw) August 3, 2022
The SEC is investigating Coinbase, Binance and US cryptocurrency exchanges
The SEC’s ongoing investigation of cryptocurrency exchanges is another attempt to regulate cryptocurrencies by enforcement. According to Colin Wu, a Chinese Journalist, this attempt is not only limited to Coinbase. He cites information from Forbes, that a staff member in the office of Senator Cynthia Lummis revealed that the SEC is investigating 40 US cryptocurrency exchanges, including Binance.
吴说获悉，据 Forbes 报道，美国参议员 Cynthia Lummis 办公室的一名工作人员称，SEC 不仅正在调查 Coinbase，包括币安在内的每家美国加密货币交易所都处于不同的调查阶段。根据加密数据网站 CoinGecko 的数据，美国有 40 多家加密货币交易所。https://t.co/BLXDGiG909
— 吴说区块链 (@wublockchain12) August 5, 2022
XRP enters accumulation phase
CryptoWhale, a leading crypto analyst, believes XRP has entered an accumulation phase. Previously, the altcoin crumbled under selling pressure as the SEC waged a legal battle against the largest public holder of XRP. CryptoWhale believes the XRP price is preparing for a breakout and eventual move higher.
$XRP entering accumulation phase!
— CryptoWhale (@CryptoWhale) August 4, 2022
I'll be dollar-cost-averaging in as we head lower. I strongly believe we will see a big rally in the future! pic.twitter.com/dMrnn9xd5S
Analysts at FXStreet have a contrasting outlook on XRP. They predict a decline in XRP price, arguing the altcoin could retrace to stable support levels.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
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AVAX price prematurely triggers its 40% rally
AVAX price shows an affinity to correct and shed weight after undergoing a massive expansive move in the last two weeks. This bullish development will be met with profit-taking that will likely drive the value of Avalanche lower. But, the downswing will allow buyers to get in at a discounted price and ride the next leg of the uptrend.
Macro outlook reveals money-doubling potential for Dogecoin price if…
Dogecoin price is at that point in its lifespan, where long-term investors need to wait and short-term investors ignore it due to a lack of volatility. This crossroads for DOGE offers a massive payout for patient market participants that are ready to wait for things to fall into place.
Link price looks good for these reasons
A brief technical and on-chain analysis on Chainlink price. Here, FXStreet's analysts evaluate where LINK could be heading next.
Is doomsday for the CRO price already underway?
CRO price profit-taking reaction at the intended $0.15 target looks overpowering. A 21-day simple moving average could be viewed as the final supportive barrier for the Crypto.com uptrend.
Bitcoin: Is BTC out of the ‘bearish’ woods yet?
Bitcoin has overcome the 200-week SMA and 30-day EMA, denoting a major surge in bullish momentum. As a result, BTC could revisit anywhere from $25,000 to $30,000 soon. A daily candlestick close below 200 four-hour SMA at $21,117 will invalidate this bullish thesis.
|
https://www.fxstreet.com/cryptocurrencies/news/sec-is-investigating-coinbase-binance-and-40-us-cryptocurrency-exchanges-202208051007
| 2022-08-05T11:21:26
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en
| 0.928669
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https://sportspyder.com/nfl/pittsburgh-steelers/articles/40296720
| 2022-08-05T11:21:26
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https://sportspyder.com/nfl/pittsburgh-steelers/articles/40296898
| 2022-08-05T11:21:32
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https://sportspyder.com/nfl/atlanta-falcons/articles/40297249
| 2022-08-05T11:22:27
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(The Hill) – Sen. Kyrsten Sinema (D-Ariz.) announced Thursday evening that she has reached a deal with Senate Majority Leader Charles Schumer (D-N.Y.) that could pave the way for Democrats to pass their budget reconciliation package.
The deal would remove a provision closing the so-called carried interest loophole from the package announced last week by Schumer and Sen. Joe Manchin (D-W.Va.).
Sinema said she and Schumer have also reached agreement on protecting manufacturing from the impact of a proposed 15 percent corporate minimum tax, which business leaders in Arizona warned would dampen economic growth.
The announcement paves the way for Sinema to vote Saturday for a motion to proceed to a budget reconciliation package that would reform the tax code, tackle climate change, reduce the cost of prescription drugs and shrink the federal deficit.
“We have agreed to remove the carried interest tax provision, protect advanced manufacturing, and boost our clean energy economy in the Senate’s budget reconciliation legislation,” Sinema said, signaling that she plans to vote to begin debate on the bill.
“Subject to the parliamentarian’s review, I’ll move forward,” she said.
A Democratic source familiar with the agreement said it would include a new excise tax on stock buybacks that would bring in more than enough revenue to cover the removal of the carried interest provision.
The Democrat said the bill will still reduce the deficit by $300 billion, citing a number that Schumer and Manchin have touted over the past week.
Senate Democrats had waited anxiously for days for a positive sign from Sinema, whom they feared was angry after being left out of a final round of talks.
With Sinema’s vote, Democrats now have the support of all 50 members of their caucus to pass what would become President Biden’s biggest domestic legislative achievement. It would reduce the federal deficit by between $100 billion to $300 billion, according to various estimates, an accomplishment Democrats can pitch to voters at a time of 40-year-high inflation.
“I am pleased to report that we have reached an agreement on the Inflation Reduction Act that I believe will receive the support of the entire Senate Democratic conference,” Schumer said in a separate statement confirming the deal.
He said the agreement “preserves the major components” of the deal he announced with Manchin last week to lower drug costs, fight climate change, close tax loopholes and reduce the deficit.
“The final version of the reconciliation bill, to be introduced on Saturday, will reflect this work and put us one step closer to enacting this historic legislation into law,” Schumer said.
Biden called for Senate Democrats to pass the package as soon as possible following Sinema’s announcement.
“Tonight, we’ve taken another critical step toward reducing inflation and the cost of living for America’s families,” Biden said in a statement.
“The Inflation Reduction Act will help Americans save money on prescription drugs, health premiums and much more,” he continued.
Democrats expect to vote to begin debate on the more-than-700-page bill sometime Saturday afternoon.
That will begin up to 20 hours of floor debate followed by an open-ended series of amendment votes, known as a vote-a-rama, and then a vote on final passage of the legislation.
Sinema in her statement promised to work with colleagues to address the carried interest preferential tax rate, which allows asset managers to pay a 20 percent capital gains rate on income they earn from advising clients on profitable investments.
“Following this effort, I look forward to working with Sen. [Mark] Warner [D-Va.] to enact carried interest reforms, protecting investments in America’s economy and encouraging continued growth while closing the most egregious loopholes that some abuse to avoid paying taxes,” she pledged.
The announcement capped off several days of intense discussions between Sinema, Schumer and Manchin.
Democratic senators said Sinema wasn’t happy about being left out of the secret negotiations Schumer and Manchin held last month to add sweeping tax reform and climate provisions to the budget package.
The Arizona senator had previously made clear that she opposed eliminating the carried interest tax rate as well as reforms that would effectively raise corporate taxes and threaten economic growth. Those priorities appeared to be somewhat overlooked in the Schumer-Manchin deal.
Sinema held back her support for the legislation and insisted on changes to soften the tax hit on manufacturers from a 15 percent corporate minimum tax, according to sources familiar with the negotiations.
Manchin held at least two long conversations with Sinema on the Senate floor in recent days to win her over.
Multiple people familiar with the issue said Sinema wanted to exempt U.S. manufacturing companies from the 15 percent corporate minimum tax that Schumer and Manchin inserted in the Inflation Reduction Act. That bill caught almost every senator — including Sinema — by surprise when it became public last week
Exempting manufacturing companies from the book minimum tax would cost about $45 billion over ten years, according to one Senate estimate floated this week.
Book is a tax accounting term that in effect would make it harder for companies to avoid declaring profit and therefore increase what they would pay in taxes.
Sinema also told colleagues that she opposed closing carried interest loophole, which critics say allows wealthy money managers to pay a lower effective tax rate than many middle-income Americans.
And the Arizona senator wanted $5 billion in drought resiliency funding for her home state, according to two Democratic senators.
The statements released by Sinema and Schumer Thursday evening made no mention of drought relief. However, her pledge to vote to move forward indicates her concerns on the corporate minimum tax structure, carried interest and drought have been satisfied.
Sinema declined to answer reporters’ questions when she emerged from her Capitol basement hideaway Thursday afternoon.
She came under heavy pressure from business leaders in Arizona to oppose the corporate minimum tax.
“In the face of record-high inflation, supply chain backlogs and a major labor crunch, now is not the time to hammer manufacturers with new taxes,” Arizona Chamber of Commerce and Industry President Danny Seiden said in a statement earlier Thursday.
“Arizona job creators will continue to urge lawmakers to reject this manufacturers tax and instead focus on policies that encourage job growth and strengthen our state and economic competitiveness,” he said.
The Schumer-Manchin deal would have established a 15 percent minimum tax for corporations with more than $1 billion in annual profits, though it exempted green-energy and microchip manufacturing tax credits from getting wiped out by that minimum tax threshold.
Republicans said that proposal would have hit manufacturing companies especially hard by superseding a key reform of former President Trump’s 2017 Tax Credits and Jobs Act allowing companies to fully expense capital expenditures for a given year.
Full expensing under the Tax Credits and Jobs Act is due to phase out over the next four years.
Sinema told the Arizona Chamber of Commerce in April that she would be “unwilling to support any tax policies that would put a break on … economic growth, or stall business and personal growth for America’s industries.”
She made clear to senior White House officials and Senate Democratic colleagues early during the negotiations over the budget reconciliation bill that she would not support increasing the 21 percent corporate tax rate, a key achievement of the 2017 tax reform law.
“The entire country knows that I am opposed to raising the corporate income tax. That was true yesterday and it is true today,” Sinema told the Arizona Chamber of Commerce earlier this year.
Republican critics of the Schumer-Manchin deal said that preventing full and immediate expensing of capital expenditures would effectively increase taxes on many corporations.
Sen. Rob Portman (R-Ohio), who worked closely with Sinema in drafting last year’s $1 trillion bipartisan infrastructure law, warned in an op-ed for The Wall Street Journal that it would “essentially” place a “tax on manufacturing.”
He pointed out that the bipartisan Joint Committee on Taxation estimates that nearly 50 percent of the new tax would hit manufacturers.
“Imposing this new tax on U.S. companies, and restricting certain U.S. manufacturers from writing off investment costs immediately, would make America less competitive and drive investments and jobs overseas,” he warned.
Sinema’s request for $5 billion in drought resiliency funding also loomed as a potential problem, sources warned.
Guaranteeing access to more water to states lower in the Colorado River basin such as Arizona, Nevada and California may come at the expense of upper-basin states such as Colorado, Utah, Wyoming and New Mexico.
“We are facing historic drought in Colorado. The state has had the worst wildfires in our state’s history. There is very little water in the Colorado River. And I think it would be great if we could do something on drought, but it has to be something that meaningfully improves the situation in Colorado and in the upper basin of the Colorado River,” said Sen. Michael Bennet (D-Colo.), who is up for reelection in November.
Bennet warned that any drought resiliency language must provide an “enduring solution to the problem, otherwise it’s not worth doing.”
|
https://www.ktsm.com/news/national-news/sinema-announces-deal-with-schumer-on-taxes-and-climate/
| 2022-08-05T11:23:55
|
en
| 0.965482
|
U.S. immigration authorities are planning to issue photo ID cards to immigrants in deportation proceedings in a bid to slash paper use and help people stay up-to-date on required meetings and court hearings, officials said.
The proposal from Immigration and Customs Enforcement is still being developed as a pilot program, and it was not immediately clear how many the agency would issue. The cards would not be an official form of federal identification, and would state they are to be used by the Department of Homeland Security.
The idea is for immigrants to be able to access information about their cases online by using a card rather than paper documents that are cumbersome and can fade over time, officials said. They said ICE officers could also run checks on the cards in the field.
“Moving to a secure card will save the agency millions, free up resources, and ensure information is quickly accessible to DHS officials while reducing the agency’s FOIA backlog,” an ICE spokesperson said in a statement, referring to unfulfilled public requests for agency documents. Homeland Security gets more Freedom of Information Act requests than any other federal agency, according to government data, and many of those involve immigration records.
The proposal has sparked a flurry of questions about what the card might be used for and how secure it would be. Some fear the program could lead to tracking of immigrants awaiting their day in immigration court, while others suggest the cards could advertised by migrant smugglers to try to induce others to make the dangerous trip north.
The Biden administration is seeking $10 million for the so-called ICE Secure Docket Card in a budget proposal for the next fiscal year. It was not immediately clear if the money would cover the pilot or a broader program or when it would begin.
The administration has faced pressure as the number of migrants seeking to enter the country on the southwest border has increased. Border Patrol agents stopped migrants more than 1.1 million times from January to June, up nearly one-third from the same period of an already-high 2021.
Many migrants are turned away under COVID-19-related restrictions. But many are allowed in and either are detained while their cases churn through the immigration courts or are released and required to check in periodically with ICE officers until a judge rules on their cases.
Those most likely to be released in the United States are from countries where expulsion under the public health order is complicated due to costs, logistics or strained diplomatic relations, including Cuba, Venezuela and Nicaragua.
At shelters, bus stations and airports along the U.S.-Mexico border, migrants carefully guard their papers in plastic folders. These are often the only documents they have to get past airport checkpoints to their final destinations in the United States. The often dog-eared papers can be critical to getting around.
An immigration case can take years and the system can be confusing, especially for immigrants who know little English and may need to work with an array of government agencies, including ICE and U.S. Citizenship and Immigration Services, which issues work permits and green cards. U.S. immigration courts are overseen by the Justice Department.
Gregory Z. Chen, senior director of government relations at the American Immigration Lawyers Association, said migrants have mistakenly gone to ICE offices instead of court for scheduled hearings that they then missed as a result. He said so long as immigrants’ privacy is protected, the card could be helpful.
“If ICE is going to be using this new technology to enable non citizens to check in with ICE, or to report information about their location and address, and then to receive information about their case — where their court hearings might be, what the requirements might be for them to comply with the law — that would be a welcome approach,” Chen said.
It was not clear whether Homeland Security’s Transportation Security Administration would accept the cards for airport travel or whether private businesses would consider it valid.
The United States doesn’t have a national photo identification card. Residents instead use a range of cards to prove identification, including driver’s licenses, state ID cards and consular ID cards. What constitutes a valid ID is often determined by the entity seeking to verify a person’s identity.
Talia Inlender, deputy director of the Center for Immigration Law and Policy at University of California, Los Angeles’ law school, said she was skeptical that using a card to access electronic documents would simplify the process for immigrants, especially those navigating the system without a lawyer, and questioned whether the card has technology that could be used to increase government surveillance of migrants.
But having an ID could be useful, especially for migrants who need to travel within the U.S., Inlender said.
“Many people are fleeing persecution and torture in their countries. They’re not showing up with government paperwork,” Inlender said. “Having a form of identification to be able to move throughout daily life has the potential to be a helpful thing.”
That has some Republican lawmakers concerned that the cards could induce more migrants to come to the U.S. or seek to access benefits they’re not eligible for. A group of 16 lawmakers sent a letter last week to ICE raising questions about the plan.
“The Administration is now reportedly planning yet another reckless policy that will further exacerbate this ongoing crisis,” the letter said.
|
https://www.ktsm.com/news/national-news/us-to-issue-id-cards-to-migrants-awaiting-deportation-proceedings/
| 2022-08-05T11:24:01
|
en
| 0.970148
|
(The Hill) – Sen. Kyrsten Sinema (D-Ariz.) announced Thursday evening that she has reached a deal with Senate Majority Leader Charles Schumer (D-N.Y.) that could pave the way for Democrats to pass their budget reconciliation package.
The deal would remove a provision closing the so-called carried interest loophole from the package announced last week by Schumer and Sen. Joe Manchin (D-W.Va.).
Sinema said she and Schumer have also reached agreement on protecting manufacturing from the impact of a proposed 15 percent corporate minimum tax, which business leaders in Arizona warned would dampen economic growth.
The announcement paves the way for Sinema to vote Saturday for a motion to proceed to a budget reconciliation package that would reform the tax code, tackle climate change, reduce the cost of prescription drugs and shrink the federal deficit.
“We have agreed to remove the carried interest tax provision, protect advanced manufacturing, and boost our clean energy economy in the Senate’s budget reconciliation legislation,” Sinema said, signaling that she plans to vote to begin debate on the bill.
“Subject to the parliamentarian’s review, I’ll move forward,” she said.
A Democratic source familiar with the agreement said it would include a new excise tax on stock buybacks that would bring in more than enough revenue to cover the removal of the carried interest provision.
The Democrat said the bill will still reduce the deficit by $300 billion, citing a number that Schumer and Manchin have touted over the past week.
Senate Democrats had waited anxiously for days for a positive sign from Sinema, whom they feared was angry after being left out of a final round of talks.
With Sinema’s vote, Democrats now have the support of all 50 members of their caucus to pass what would become President Biden’s biggest domestic legislative achievement. It would reduce the federal deficit by between $100 billion to $300 billion, according to various estimates, an accomplishment Democrats can pitch to voters at a time of 40-year-high inflation.
“I am pleased to report that we have reached an agreement on the Inflation Reduction Act that I believe will receive the support of the entire Senate Democratic conference,” Schumer said in a separate statement confirming the deal.
He said the agreement “preserves the major components” of the deal he announced with Manchin last week to lower drug costs, fight climate change, close tax loopholes and reduce the deficit.
“The final version of the reconciliation bill, to be introduced on Saturday, will reflect this work and put us one step closer to enacting this historic legislation into law,” Schumer said.
Biden called for Senate Democrats to pass the package as soon as possible following Sinema’s announcement.
“Tonight, we’ve taken another critical step toward reducing inflation and the cost of living for America’s families,” Biden said in a statement.
“The Inflation Reduction Act will help Americans save money on prescription drugs, health premiums and much more,” he continued.
Democrats expect to vote to begin debate on the more-than-700-page bill sometime Saturday afternoon.
That will begin up to 20 hours of floor debate followed by an open-ended series of amendment votes, known as a vote-a-rama, and then a vote on final passage of the legislation.
Sinema in her statement promised to work with colleagues to address the carried interest preferential tax rate, which allows asset managers to pay a 20 percent capital gains rate on income they earn from advising clients on profitable investments.
“Following this effort, I look forward to working with Sen. [Mark] Warner [D-Va.] to enact carried interest reforms, protecting investments in America’s economy and encouraging continued growth while closing the most egregious loopholes that some abuse to avoid paying taxes,” she pledged.
The announcement capped off several days of intense discussions between Sinema, Schumer and Manchin.
Democratic senators said Sinema wasn’t happy about being left out of the secret negotiations Schumer and Manchin held last month to add sweeping tax reform and climate provisions to the budget package.
The Arizona senator had previously made clear that she opposed eliminating the carried interest tax rate as well as reforms that would effectively raise corporate taxes and threaten economic growth. Those priorities appeared to be somewhat overlooked in the Schumer-Manchin deal.
Sinema held back her support for the legislation and insisted on changes to soften the tax hit on manufacturers from a 15 percent corporate minimum tax, according to sources familiar with the negotiations.
Manchin held at least two long conversations with Sinema on the Senate floor in recent days to win her over.
Multiple people familiar with the issue said Sinema wanted to exempt U.S. manufacturing companies from the 15 percent corporate minimum tax that Schumer and Manchin inserted in the Inflation Reduction Act. That bill caught almost every senator — including Sinema — by surprise when it became public last week
Exempting manufacturing companies from the book minimum tax would cost about $45 billion over ten years, according to one Senate estimate floated this week.
Book is a tax accounting term that in effect would make it harder for companies to avoid declaring profit and therefore increase what they would pay in taxes.
Sinema also told colleagues that she opposed closing carried interest loophole, which critics say allows wealthy money managers to pay a lower effective tax rate than many middle-income Americans.
And the Arizona senator wanted $5 billion in drought resiliency funding for her home state, according to two Democratic senators.
The statements released by Sinema and Schumer Thursday evening made no mention of drought relief. However, her pledge to vote to move forward indicates her concerns on the corporate minimum tax structure, carried interest and drought have been satisfied.
Sinema declined to answer reporters’ questions when she emerged from her Capitol basement hideaway Thursday afternoon.
She came under heavy pressure from business leaders in Arizona to oppose the corporate minimum tax.
“In the face of record-high inflation, supply chain backlogs and a major labor crunch, now is not the time to hammer manufacturers with new taxes,” Arizona Chamber of Commerce and Industry President Danny Seiden said in a statement earlier Thursday.
“Arizona job creators will continue to urge lawmakers to reject this manufacturers tax and instead focus on policies that encourage job growth and strengthen our state and economic competitiveness,” he said.
The Schumer-Manchin deal would have established a 15 percent minimum tax for corporations with more than $1 billion in annual profits, though it exempted green-energy and microchip manufacturing tax credits from getting wiped out by that minimum tax threshold.
Republicans said that proposal would have hit manufacturing companies especially hard by superseding a key reform of former President Trump’s 2017 Tax Credits and Jobs Act allowing companies to fully expense capital expenditures for a given year.
Full expensing under the Tax Credits and Jobs Act is due to phase out over the next four years.
Sinema told the Arizona Chamber of Commerce in April that she would be “unwilling to support any tax policies that would put a break on … economic growth, or stall business and personal growth for America’s industries.”
She made clear to senior White House officials and Senate Democratic colleagues early during the negotiations over the budget reconciliation bill that she would not support increasing the 21 percent corporate tax rate, a key achievement of the 2017 tax reform law.
“The entire country knows that I am opposed to raising the corporate income tax. That was true yesterday and it is true today,” Sinema told the Arizona Chamber of Commerce earlier this year.
Republican critics of the Schumer-Manchin deal said that preventing full and immediate expensing of capital expenditures would effectively increase taxes on many corporations.
Sen. Rob Portman (R-Ohio), who worked closely with Sinema in drafting last year’s $1 trillion bipartisan infrastructure law, warned in an op-ed for The Wall Street Journal that it would “essentially” place a “tax on manufacturing.”
He pointed out that the bipartisan Joint Committee on Taxation estimates that nearly 50 percent of the new tax would hit manufacturers.
“Imposing this new tax on U.S. companies, and restricting certain U.S. manufacturers from writing off investment costs immediately, would make America less competitive and drive investments and jobs overseas,” he warned.
Sinema’s request for $5 billion in drought resiliency funding also loomed as a potential problem, sources warned.
Guaranteeing access to more water to states lower in the Colorado River basin such as Arizona, Nevada and California may come at the expense of upper-basin states such as Colorado, Utah, Wyoming and New Mexico.
“We are facing historic drought in Colorado. The state has had the worst wildfires in our state’s history. There is very little water in the Colorado River. And I think it would be great if we could do something on drought, but it has to be something that meaningfully improves the situation in Colorado and in the upper basin of the Colorado River,” said Sen. Michael Bennet (D-Colo.), who is up for reelection in November.
Bennet warned that any drought resiliency language must provide an “enduring solution to the problem, otherwise it’s not worth doing.”
|
https://www.fox44news.com/news/national-world-news/sinema-announces-deal-with-schumer-on-taxes-and-climate/
| 2022-08-05T11:24:02
|
en
| 0.965482
|
Washington (AP) — Reining in the soaring prices of insulin has thus far been elusive in Congress, although Democrats say they’ll try again — as part of their economic package that focuses on health and climate.
The price of the 100-year-old drug has more than tripled in the last two decades, forcing the nation’s diabetics to pay thousands of dollars a year for the life-saving medication. Democrats are considering capping the cost of that drug for at least some, although it’s unclear what the final proposal will look like and how many insulin users will get a price break.
Here’s a look at how insulin became so expensive and why it’s so difficult to bring the price of the drug down.
HOW MANY PEOPLE IN THE U.S. USE INSULIN AND FOR WHAT?
Roughly 8.4 million Americans use insulin, according to the American Diabetes Association. Not everyone who has diabetes needs insulin, but for those who do, it’s an important medication. For more than 1 million of those people with type 1 diabetes, regular access to the medication is a necessity and they will die without it.
“People require insulin, it’s not an option and nobody should have to decide between life-sustaining medication or food and rent,” said Dr. Robert Gabbay, the chief scientific and medical officer for the American Diabetes Association.
Insulin also helps control glucose levels for patients with other forms of diabetes. Some insulin users have rationed the drug because of its expense and risk numerous health complications as a result.
HOW EXPENSIVE IS INSULIN?
The price varies.
Some people on private insurance pay hundreds of dollars monthly for the drug. For most Medicare beneficiaries, the average out-of-pocket cost per insulin prescription was $54 in 2020 — an increase of nearly 40% since 2007, a study released last month by the Kaiser Family Foundation found. Others live in one of 22 states where the copay for a 30-day supply has been capped between $25 to $100.
The cost has led some to use less insulin than their doctor prescribes or postpone paying for other medical care.
WHY IS INSULIN SO EXPENSIVE?
Only three manufacturers — Eli Lilly, Novo Nordisk and Sanofi — produce insulin, allowing those companies to control much of the market.
“They’ve been historically raising their list prices for their respective products in lockstep with one another,” Dr. Jing Luo, a professor of medicine at the University of Pittsburgh, said. “There hasn’t been a lot of pricing pressure.”
And making a generic drug for insulin hasn’t been easy, with new manufacturers having to clear regulatory hurdles and questions over how a generic drug should be categorized, Luo added. A generic insulin is slated to come on the market in 2024 at no more than $30 a vial, which could drive down some of the price.
HOW DO DEMOCRATS PLAN TO CAP THE PRICE OF INSULIN?
That remains to be seen.
Senate Majority Leader Chuck Schumer has said some language that limits the price of insulin will be added to the economic bill, but it’s not clear what that price point will be and who all will be protected by that price cap.
Democrats had proposed a $35 monthly cap for those who get the drug through Medicare or private insurers as part of a bigger package that was derailed in the Senate. But it was left out of the scaled down package now headed for a congressional vote.
WHY IS THE COST OF INSULIN SO DIFFICULT TO CAP?
Capping the price of insulin will be very expensive.
Insulin is not only getting more expensive, but the number of people using it is also increasing.
A bipartisan bill proposed earlier this year that would cap insulin prices could cost about $23 billion over the next decade, according to estimates by the Congressional Budget Office. While the bill would reduce insulin costs for many consumers, it would drive up government costs and premiums charged by Medicare and private insurers, according to the office’s analysis.
And that’s one of the reasons why price caps can be controversial.
“If your health insurance company says, voluntarily, nobody who buys insulin in our plan will have to pay more than $25, the question is who is paying the balance of that?” Luo said. “That then means their cost will go up, which means they’ll raise premiums on everyone.”
|
https://www.ktsm.com/news/national-news/why-is-insulin-so-expensive-and-the-cost-so-difficult-to-cap/
| 2022-08-05T11:24:07
|
en
| 0.957215
|
U.S. immigration authorities are planning to issue photo ID cards to immigrants in deportation proceedings in a bid to slash paper use and help people stay up-to-date on required meetings and court hearings, officials said.
The proposal from Immigration and Customs Enforcement is still being developed as a pilot program, and it was not immediately clear how many the agency would issue. The cards would not be an official form of federal identification, and would state they are to be used by the Department of Homeland Security.
The idea is for immigrants to be able to access information about their cases online by using a card rather than paper documents that are cumbersome and can fade over time, officials said. They said ICE officers could also run checks on the cards in the field.
“Moving to a secure card will save the agency millions, free up resources, and ensure information is quickly accessible to DHS officials while reducing the agency’s FOIA backlog,” an ICE spokesperson said in a statement, referring to unfulfilled public requests for agency documents. Homeland Security gets more Freedom of Information Act requests than any other federal agency, according to government data, and many of those involve immigration records.
The proposal has sparked a flurry of questions about what the card might be used for and how secure it would be. Some fear the program could lead to tracking of immigrants awaiting their day in immigration court, while others suggest the cards could advertised by migrant smugglers to try to induce others to make the dangerous trip north.
The Biden administration is seeking $10 million for the so-called ICE Secure Docket Card in a budget proposal for the next fiscal year. It was not immediately clear if the money would cover the pilot or a broader program or when it would begin.
The administration has faced pressure as the number of migrants seeking to enter the country on the southwest border has increased. Border Patrol agents stopped migrants more than 1.1 million times from January to June, up nearly one-third from the same period of an already-high 2021.
Many migrants are turned away under COVID-19-related restrictions. But many are allowed in and either are detained while their cases churn through the immigration courts or are released and required to check in periodically with ICE officers until a judge rules on their cases.
Those most likely to be released in the United States are from countries where expulsion under the public health order is complicated due to costs, logistics or strained diplomatic relations, including Cuba, Venezuela and Nicaragua.
At shelters, bus stations and airports along the U.S.-Mexico border, migrants carefully guard their papers in plastic folders. These are often the only documents they have to get past airport checkpoints to their final destinations in the United States. The often dog-eared papers can be critical to getting around.
An immigration case can take years and the system can be confusing, especially for immigrants who know little English and may need to work with an array of government agencies, including ICE and U.S. Citizenship and Immigration Services, which issues work permits and green cards. U.S. immigration courts are overseen by the Justice Department.
Gregory Z. Chen, senior director of government relations at the American Immigration Lawyers Association, said migrants have mistakenly gone to ICE offices instead of court for scheduled hearings that they then missed as a result. He said so long as immigrants’ privacy is protected, the card could be helpful.
“If ICE is going to be using this new technology to enable non citizens to check in with ICE, or to report information about their location and address, and then to receive information about their case — where their court hearings might be, what the requirements might be for them to comply with the law — that would be a welcome approach,” Chen said.
It was not clear whether Homeland Security’s Transportation Security Administration would accept the cards for airport travel or whether private businesses would consider it valid.
The United States doesn’t have a national photo identification card. Residents instead use a range of cards to prove identification, including driver’s licenses, state ID cards and consular ID cards. What constitutes a valid ID is often determined by the entity seeking to verify a person’s identity.
Talia Inlender, deputy director of the Center for Immigration Law and Policy at University of California, Los Angeles’ law school, said she was skeptical that using a card to access electronic documents would simplify the process for immigrants, especially those navigating the system without a lawyer, and questioned whether the card has technology that could be used to increase government surveillance of migrants.
But having an ID could be useful, especially for migrants who need to travel within the U.S., Inlender said.
“Many people are fleeing persecution and torture in their countries. They’re not showing up with government paperwork,” Inlender said. “Having a form of identification to be able to move throughout daily life has the potential to be a helpful thing.”
That has some Republican lawmakers concerned that the cards could induce more migrants to come to the U.S. or seek to access benefits they’re not eligible for. A group of 16 lawmakers sent a letter last week to ICE raising questions about the plan.
“The Administration is now reportedly planning yet another reckless policy that will further exacerbate this ongoing crisis,” the letter said.
|
https://www.fox44news.com/news/national-world-news/us-to-issue-id-cards-to-migrants-awaiting-deportation-proceedings/
| 2022-08-05T11:24:08
|
en
| 0.970148
|
Washington (AP) — Reining in the soaring prices of insulin has thus far been elusive in Congress, although Democrats say they’ll try again — as part of their economic package that focuses on health and climate.
The price of the 100-year-old drug has more than tripled in the last two decades, forcing the nation’s diabetics to pay thousands of dollars a year for the life-saving medication. Democrats are considering capping the cost of that drug for at least some, although it’s unclear what the final proposal will look like and how many insulin users will get a price break.
Here’s a look at how insulin became so expensive and why it’s so difficult to bring the price of the drug down.
HOW MANY PEOPLE IN THE U.S. USE INSULIN AND FOR WHAT?
Roughly 8.4 million Americans use insulin, according to the American Diabetes Association. Not everyone who has diabetes needs insulin, but for those who do, it’s an important medication. For more than 1 million of those people with type 1 diabetes, regular access to the medication is a necessity and they will die without it.
“People require insulin, it’s not an option and nobody should have to decide between life-sustaining medication or food and rent,” said Dr. Robert Gabbay, the chief scientific and medical officer for the American Diabetes Association.
Insulin also helps control glucose levels for patients with other forms of diabetes. Some insulin users have rationed the drug because of its expense and risk numerous health complications as a result.
HOW EXPENSIVE IS INSULIN?
The price varies.
Some people on private insurance pay hundreds of dollars monthly for the drug. For most Medicare beneficiaries, the average out-of-pocket cost per insulin prescription was $54 in 2020 — an increase of nearly 40% since 2007, a study released last month by the Kaiser Family Foundation found. Others live in one of 22 states where the copay for a 30-day supply has been capped between $25 to $100.
The cost has led some to use less insulin than their doctor prescribes or postpone paying for other medical care.
WHY IS INSULIN SO EXPENSIVE?
Only three manufacturers — Eli Lilly, Novo Nordisk and Sanofi — produce insulin, allowing those companies to control much of the market.
“They’ve been historically raising their list prices for their respective products in lockstep with one another,” Dr. Jing Luo, a professor of medicine at the University of Pittsburgh, said. “There hasn’t been a lot of pricing pressure.”
And making a generic drug for insulin hasn’t been easy, with new manufacturers having to clear regulatory hurdles and questions over how a generic drug should be categorized, Luo added. A generic insulin is slated to come on the market in 2024 at no more than $30 a vial, which could drive down some of the price.
HOW DO DEMOCRATS PLAN TO CAP THE PRICE OF INSULIN?
That remains to be seen.
Senate Majority Leader Chuck Schumer has said some language that limits the price of insulin will be added to the economic bill, but it’s not clear what that price point will be and who all will be protected by that price cap.
Democrats had proposed a $35 monthly cap for those who get the drug through Medicare or private insurers as part of a bigger package that was derailed in the Senate. But it was left out of the scaled down package now headed for a congressional vote.
WHY IS THE COST OF INSULIN SO DIFFICULT TO CAP?
Capping the price of insulin will be very expensive.
Insulin is not only getting more expensive, but the number of people using it is also increasing.
A bipartisan bill proposed earlier this year that would cap insulin prices could cost about $23 billion over the next decade, according to estimates by the Congressional Budget Office. While the bill would reduce insulin costs for many consumers, it would drive up government costs and premiums charged by Medicare and private insurers, according to the office’s analysis.
And that’s one of the reasons why price caps can be controversial.
“If your health insurance company says, voluntarily, nobody who buys insulin in our plan will have to pay more than $25, the question is who is paying the balance of that?” Luo said. “That then means their cost will go up, which means they’ll raise premiums on everyone.”
|
https://www.fox44news.com/news/national-world-news/why-is-insulin-so-expensive-and-the-cost-so-difficult-to-cap/
| 2022-08-05T11:24:14
|
en
| 0.957215
|
A lane along the A38 at Chudleigh is closed because a car is on fire. The incident has happened along the road heading westbound.
Traffic alert website Inrix is reporting "very slow traffic" in the are due to the incident which has happened from B3344 (Chudleigh / Kingsteignton Turn Off, Chudleigh) to A382 (Drum Bridges, Heathfield).
Devon and Cornwall Police have been contacted for more information on this incident. We will bring you live updates below.
Scroll down for more
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https://www.devonlive.com/news/devon-news/a38-traffic-chaos-after-car-7425644
| 2022-08-05T11:24:36
|
en
| 0.970331
|
South West Water says it may have to bring in restrictions to save water if reservoir levels continue to fall in the latest spell of hot dry weather. The warning follows a hosepipe ban for customers in Hampshire and the Isle of Wight, and plans for Essex and Kent to follow next week.
The Met Office says there is “very little meaningful rain” on the horizon for parched areas of England as temperatures are set to climb into the 30s next week. South West Water, which supplies drinking water to more than two million people, has updated its advice to customers issued at the end of July which asked them to limit non-essential use. It said: “We continue to experience an unprecedented and prolonged period of hot and dry weather, alongside extremely high levels of demand.
“We are sharing water saving tips and advice with customers and urging everyone to think carefully about their water usage and to avoid non-essential water use, such as using a hosepipe in the garden and for washing cars. If the exceptional levels of demand and sustained dry weather continues we may have to make the difficult decision to introduce formal restrictions over the coming weeks to limit the pressure on resources and to protect the environment.”
Read more: Tensions escalate over feral gangs terrorising town
The latest figures for the end of July show the region’s main reservoirs are in total just over half full. The company says water restrictions have been avoided in the region since the mid-1990s. It has updated its drought plan setting out its response to extreme hot and dry weather, up to and beyond the prolonged heatwave in 1976 which saw water shortages and supplies interrupted.
In the latest version of the drought plan, which the company is legally required to produce, it says: “Droughts are rare and natural events caused by a serious lack of rain over several months, and therefore the risk of a severe drought is low. However, the impact of climate change has increased volatility in our weather patterns, including global warming, flooding, droughts and heat waves.”
The plan sets out three levels of response, depending on the severity of the drought:
Level 1 sees a communication campaign asking for people to cut water use, and increased control of leaks;
Level 2 escalates the response with temporary use bans like the hosepipe ban in place in Hampshire and the Isle of Wight;
Level 3 involves non-essential use bans, and what the company describes as “All possible actions to avoid emergency drought orders”.
It says: “The type of actions we would take would reflect the severity of the drought, but we would seek to minimise the stress on the environment by prioritising our interventions from low impact Level 1 actions, through to more significant, but rarely needed, Level 3 actions. Only in extreme droughts, more extreme than a repeat of the 1975/76 drought, would we need to consider Level 3 actions in our region.”
Southern Water announced the hosepipe ban from Friday for customers in Hampshire and on the Isle of Wight, while the measure will follow in exactly a week for South East Water customers in Kent and Sussex.
Months of little rainfall, combined with record-breaking temperatures in July, have left rivers at exceptionally low levels, depleted reservoirs and dried out soils. All of this has put pressure on the environment, farming and water supplies, and is fuelling wildfires. The situation has prompted calls for action to reduce water consumption to protect the environment and supplies, and to restore the country’s lost wetlands “on an enormous scale” to tackle a future of more dry summers and droughts.
Southern Water said it is asking customers “to limit your use to reduce the risk of further restrictions and disruption to water supplies, but more importantly to protect our local rivers”. South East Water said it had been “left with no choice but to restrict the use of hosepipes and sprinklers” from midnight on August 12 within Kent and Sussex “until further notice”.
Figures from South West Water for the week ending July 31, show total storage was at 52.6% of capacity. The figures for its main reservoirs were: Roadford (60.1%), Colliford (43.4%), Wimbleball (48.9%), Stithians (43.8%), Burrator (44.6%)
July 2022 was the driest July for England since 1935, and the driest July on record for East Anglia, southeast and southern England, according to provisional statistics, the Met Office said. An area of high pressure building from the Atlantic into the South and South West of England will bring rising temperatures with some areas expected to reach low or even mid 30s C by the end of next week.
Met Office chief forecaster Steve Willington said: “We could see parts of the UK entering heatwave conditions if the above-average temperatures last for three days or more. Many areas of the UK, especially the south will witness temperatures several degrees higher than average, but these values are likely to be well below the record-breaking temperatures we saw in mid-July.
“As the high pressure builds there is very little meaningful rain in the forecast, especially in those areas in the south of England, which experienced very dry conditions last month. Elsewhere in the UK, such as in northern England, Scotland and Northern Ireland, rain-bearing weather fronts will make limited headway against the high pressure, bringing some rain to north-western parts of the UK.”
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https://www.devonlive.com/news/devon-news/south-west-water-warns-heatwave-7425054
| 2022-08-05T11:24:46
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House prices in the South West increased by more than the national average, according to new data which also found that properties in the region are more expensive than the typical UK home. According to Halifax, the average house in the South West cost £310,846 in July, which represented an annual price increase of 14.3%.
By contrast, the annual rate seen across the UK during the same period was 11.8%. In number terms, this means the typical UK property cost £293,221 in July, down slightly on June’s record average of £293,586.
While the average UK house price dropped by 0.1% to £293,221, the £310,846 average recorded for the South West still far exceeds the slightly lower amount. Moreover, the data from Halifax revealed that only Wales - at 14.7% - had a higher annual price than the 14.3% seen in the region.
Read more: Mortgage lenders urged to scrap exit fees as interest rates rise again
By contrast, the lowest annual price increase of 9.9% was seen in Scotland, where the average price of a home remained a relatively modest £203,677. The South West ranked slightly lower when looking at the average price of a house, as the data revealed that properties in London, the South East and Eastern England were all more expensive.
In the capital, the average price was £551,777, while those in the South East and Eastern England cost an average of £399,003 and £342,687 respectively. Russell Galley, managing director, Halifax, said: “It’s important to note that house prices remain more than £30,000 higher than this time last year.
“While we shouldn’t read too much into any single month, especially as the fall is only fractional, a slowdown in annual house price growth has been expected for some time." One factor that may be influencing this slight overall drop is rising borrowing costs, which Galley believes are "adding to the squeeze on household budgets against a backdrop of exceptionally high house price-to-income ratios".
Mortgages are currently a hot button topic, after the Bank of England (BoE) confirmed yesterday (August 4) that it was upping the base rate of interest from 1.25% to 1.75% - the biggest single rate jump since 1995. With the UK now confirmed to be heading into recession, Alice Haine, personal finance analyst at Bestinvest, believes the BoE's decision could prove a "real turning point".
“Once a recession digs in, then the threat of job losses will raise its ugly head – damaging buyer confidence and dampening the market in the process," she said. According to calculations from trade association UK Finance, this increased interest rate will add around £50 per month to average tracker mortgage costs, based on average balances outstanding.
The BoE's Monetary Policy Committee also predicted that inflation will peak at 13.3% in October, the highest for more than 42 years, amid a cost of living crisis that shows no signs of slowing down. A package of government schemes have been confirmed to help manage this crisis, including a £650 cost of living payment to low income households, a £150 disability cost of living payment, and a £400 energy bills discount earmarked for an estimated 29 million households.
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https://www.devonlive.com/news/property/average-house-prices-south-west-7424806
| 2022-08-05T11:24:56
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Inside the most expensive house for sale in Devon right now - worth £6m on Zoopla
The stunning Exeter detached house is on the market for just shy of £6m with a whopping 10 bedrooms and 11 bathrooms
This stunning Grade II listed house is currently the most expensive property on sale in Devon right now on Zoopla, as of august 2022. Spanning across more than 22,000sq ft, Chanters House is available for £5,950,000 with a whopping 10 bedrooms, 11 bathrooms and eight reception rooms.
The period property boasts of a library room that extends more than 70 ft in length, with around 22,000 books all housed in a range of oak carved bookcases. It is also comes with a coach house, an indoor pool, lodge cottage, tennis court and walled garden.
Located on the outskirts of Ottery St Mary, adjacent to St Mary's Church, the house offers beautiful views of the woodlands that surround the estate. Just five miles away is the town of Honiton, while Exeter is 10 miles away and Taunton is 33 miles.
READ MORE: Cute chocolate-box cottage in one of Dartmoor’s prettiest villages is for sale
A description of the property on Zoopla reads: "The house has been refurbished by the present owners, finished to a high standard and boasts exceptional character features including; decorative tiles, timber floors, wooden panelling, along with ornate plaster work.
"The principal reception rooms are of impressive proportions and lead off from the reception hall. In the Cromwell Fairfax room which is the dining room, the ceiling is of painted carved wood in a hexagonal pattern and the elm panelling is believed to date from the 1930's.
"There is also a billiard room, Victorian conservatory, palm house and kitchen / breakfast room. The principal staircase leads up to the first and second floors, where there is a master bedroom suite with two en-suite bathrooms and dressing rooms, nine further main bedroom suites and a staff suite. There is secondary accommodation available in The Lodge and Coach House.
"To the rear of the house a walled garden comprises a Victorian style greenhouse and a recently constructed indoor swimming pool. The extensive lawned gardens are surrounded by mixed wooded areas and parkland. In all 21.43 acres."
For more information, visit the Zoopla website here.
READ NEXT:
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- Stunning home in Devon village with revolving fireplace goes on sale for £1.5million
- Sun-kissed home within easy reach of Devon's finest beaches
- Stunning gothic-style mansion for sale offers breathtaking seaside views
- Devon’s best and worst places to live in 2022
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https://www.devonlive.com/news/property/gallery/6-million-house-in-exeter-7425466
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https://sportspyder.com/nfl/new-york-giants/articles/40296785
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Shedaresthedevil, who won Clement L. Hirsch Stakes last year, will face six horses in her bid to defend her title ahead of this weekend’s renewal. If successful, Shedaresthedevil will join the likes of Stellar Wind and Zenyatta as recent multiple winners of this Del Mar Grade One. We take a look at the seven runners and riders for Saturday’s 2022 Clement L. Hirsch Stakes and the main challengers to Shedaresthedevil.
You can also bet on the Clement L. Hirsch Stakes TODAY with BetOnline and also get a 50% welcome bonus (up to $1,000) to use on the race.
What Time/Date Is The 2022 Clement L. Hirsch Stakes?
Run over 1 1/2f, the Clement L. Hirsch Stakes is a Grade 1 race for 3+ year-olds staged at Del Mar racecourse in California
🕙Time: 8:04pm (US time)
📅Date: Saturday 6th August 2022
🏇Racecourse: Del Mar, California
💰 Purse: $300,000
📺 TV: Sky
DID YOU KNOW? The last 9 Clement L. Hirsch Stakes winners were aged either 4 or 5 years-old
Can Shedaresthedevil Defend Her Clement L. Hirsch Stakes Crown?
The horse racing betting ahead of Saturday’s Clement L.Hirsch Stakes suggests a tight renewal of Saturday’s Grade One at Del Mar, with only really Blue Stripe, who is the outsider, seemingly out of it if the betting is to be taken at face value.
Last year’s winner – Shedaresthedevil – was a cosy 3 1/4 length winner of the race 12 months ago (watch it again below) and rewarded favorite backers that day after being sent off as the 13/10 market leader.
The 2020 Kentucky Oaks winner has since had five more races – winning two – including last time out in the Grade Two Fleur de Lis Stakes at Churchill Downs last month. This Brad Cox-trained 5 year-old has now raced 20 times and won 50% of those outings. She’s amassed $2,729,458 in total career earnings too and has only finished out of the first three twice from those 20 starts. She’s a big player again in 2022!
You can back Shedaresthedevil with BetOnline and also get a 50% welcome bonus (up to $1,000) to use on the race.
If successful, Shedaresthedevil will become the first back-to-back winner of the Clement L.Hirsch Stakes since Stellar Wind won the race in 2016 & 2017, while the classy Zenyatta mopped up this race three times between 2008 and 2010.
Shedaresthedevil Career In Numbers
- Runs: 20
- Wins: 10
- Graded Wins: 9
- Grade One Wins: 3
- Del Mar Wins: 1-from-4
- Career Earnings: $2,729,458
Desert Dawn and Private Mission Will Be A Big Dangers For Shedaresthedevil
The main rivals against the current champ is the Philip D’Amato-trained Desert Dawn and the Bob Baffert entry Private Mission.
Desert Dawn will need to bounce back from being a beaten favorite in the G2 Summertime Oaks at Santa Anita back in June, but prior to that put in a solid performance to be second in the Kentucky Oaks – beaten just 2 1/2 lengths behing Secret Oath. She’s a course winner at Del Mar too after taking a Maiden Special Weight in Aug 21 and regular rider Umberto Rispoli gets the leg-up again. Those looking to take her on might cling to the fact this race has seen ALL of the last 9 winners aged 4 or 5, with only ONE 3 year-old winning in the race’s history (2012, Include Me Out)
Private Mission will represent the Bob Baffert camp that won this race in 2020 with Fighting Mad and he’s certainly a player here too. This 4 year-old has won 5 of her 9 starts and comes here in winning form after landing the G2 Santa Maria Stakes in June. She’s been freshened up since, but is a filly that goes well off a small break. Her two previous runs at Del Mar are mixed. She won the G3 Torrey Pines Stakes here in August 21, but was well beaten in the G1 Breeders’ Cup Distaff at the Califonian track last November.
2022 Clement L. Hirsch Stakes Runners
1. SOOTHSAY Back with BetOnline
Trainer/Jockey: R Mandella / Mike Smith
Gate: 1
Age: 4
Form: 1121-
2. LISETTE Back with BetOnline
Trainer/Jockey: P Gallagher / Victor Espinoza
Gate: 2
Age: 4
Form: 46-4361
3. DESERT DAWN Back with BetOnline
Trainer/Jockey: P Armato / Umberto Rispoli
Gate: 3
Age: 3
Form: 64-4133
4. PRIVATE MISSION Back with BetOnline
Trainer/Jockey: Bob Baffert / Juan Hernandez
Gate: 4
Age: 4
Form: 1106-21
5. SHEDARESTHEDEVIL Back with BetOnline
Trainer/Jockey: B Cox / Florent Geroux
Gate: 5
Age: 5
Form: 116-321
6. SAMURAI CHARM Back with BetOnline
Trainer/Jockey: Peter Miller / Ramon Vazquez
Gate: 6
Age: 5
Form: 116-32
7. BLUE STRIPE Back with BetOnline
Trainer/Jockey: Marcelo Polanco / Hector Berrios
Gate: 7
Age: 5
Form: 1117-12
Clement L. Hirsch Stakes Recent Winners
- 2021 – SHEDARESTHEDEVIL
- 2020 – FIGHTING MAD
- 2019 – OLLIE’S CANDY
- 2018 – UNIQUE BELLA
- 2017 – STELLAR WIND
- 2016 – STELLAR WIND
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https://thesportsdaily.com/news/shedaresthedevil-faces-six-in-saturdays-hirsch-stakes-defence/
| 2022-08-05T11:27:38
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https://sportspyder.com/nhl/florida-panthers/articles/40293995
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The new docuseries “Patagonia: Life on the Edge of the World” explores one of the wildest places on Earth. Catch the latest episode at 9 p.m. ET/PT Sunday on CNN.
The monito del monte, an endearing mouselike creature that lives in the forests of Patagonia, races vertically up trees, covering a meter of bark per second, to feast on insects and summer fruits ripening high in the canopy.
But it’s the monito’s ability to slow down its bodily functions to survive the region’s harsh winters that has fascinated scientists, such as biologist Roberto Nespolo, a professor who studies animal metabolism at the Austral University of Chile.
Once the weather turns cold, the bug-eyed monito builds a mossy nest in a tree hollow. Cozying up with four to eight fellow monitos, it settles in for the winter. There, the tiny marsupial enters what Nespolo described as a deathlike torpor, and its heart rate drops from 200 beats per minute down to 2 or 3 beats per minute. In this inactive state, it conserves energy, only taking a breath every three minutes. Its blood stops circulating.
“I got interested (in the monito) because of the amazing capacity of this marsupial to reduce (its) metabolism and save about 95% of energy during torpor,” said Nespolo via email. His work is featured in the new CNN Original Series “Patagonia: Life on the Edge of the World.”
“That’s what we measured … in the laboratory. Now we could replicate those measurement(s) in the wild, and found that this capacity is even greater. Monitos could hibernate at zero degrees (Celsius), without any harm to their tissues!”
Nespolo has made it his life’s work to understand how these diminutive creatures of South America’s southwestern tip pull off this feat, something that could help us better understand human metabolism and perhaps even help us come up with solutions for long-haul space travel. Space agencies say that if humans want to make it to Mars, figuring out how to induce hibernation in astronauts could be the best way to save mission costs, reduce the size of spacecraft and keep crew healthy.
“Natural hibernators have a number of physiological adaptations that permit them to almost stop metabolism, without injuries, and to wake up weeks later perfectly,” he said.
“So many colleagues are seeking to identify those mechanisms to be applied either for potential human hibernation, or also for medical applications such as organ preservation.”
The monito is a zoological curiosity in more ways than one.
Like kangaroos and koalas, it’s a marsupial that raises its young in pouches. However, the monito is more closely related to its Australian brethren than other marsupials, such as opossums, that live in the Americas – something that’s long puzzled scientists.
Scientists consider the two species of monito (Dromiciops gliroides and D. bozinovici) to essentially be living fossils – part of a lineage called Microbiotheria that’s ancestral to Australian and American marsupials, making them the sole living representative of an animal group long thought extinct.
Life on the edge of the world
As a “relict species,” the monito acts as a window into the past that can help scientists understand how they have survived for so long, Nespolo’s research has suggested.
The temperate forest habitat where the monito lives is shrinking, but Nespolo is confident that the tiny creature, whose direct ancestors once roamed Earth’s ancient supercontinent Gondwanaland, will continue to thrive.
“I’m hopeful for the monito because they’re very resilient. They are able to adapt to change as long as their habitat still exists,” Nespolo said in the CNN Original Series.
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https://www.cnn.com/2022/08/05/world/patagonia-monito-del-monte-scn/index.html
| 2022-08-05T11:30:02
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Editor's Note —
Monthly Ticket is a CNN Travel series that spotlights some of the most fascinating topics in the travel world. In August, we're going back in time to revisit some of the greatest retro travel experiences.
(CNN) — Cocktail lounges, five course meals, caviar served from ice sculptures and an endless flow of champagne: life on board airplanes was quite different during the "golden age of travel," the period from the 1950s to the 1970s that is fondly remembered for its glamor and luxury.
It coincided with the dawn of the jet age, ushered in by aircraft like the de Havilland Comet, the Boeing 707 and the Douglas DC-8, which were used in the 1950s for the first scheduled transatlantic services, before the introduction of the Queen of the Skies, the Boeing 747, in 1970. So what was it actually like to be there?
"Air travel at that time was something special," says Graham M. Simons, an aviation historian and author. "It was luxurious. It was smooth. It was fast.
"People dressed up because of it. The staff was literally wearing haute couture uniforms. And there was much more space: seat pitch -- that's the distance between the seats on the aircraft -- was probably 36 to 40 inches. Now it's down to 28, as they cram more and more people on board."
Golden era
Sunday roast is carved for passengers in first class on a BOAC VC10 in 1964.
Airline: Style at 30,000 Feet/Keith Lovegrove
With passenger numbers just a fraction of what they are today and fares too expensive for anyone but the wealthy, airlines weren't worried about installing more seats, but more amenities.
"The airlines were marketing their flights as luxurious means of transport, because in the early 1950s they were up against the cruise liners," adds Simons.
"So there were lounge areas, and the possibility of four, five, even six course meals. Olympic Airways had gold-plated cutlery in the first class cabins.
"Some of the American airlines had fashion shows down the aisle, to help the passengers pass the time. At one stage, there was talk of putting baby grand pianos on the aircraft to provide entertainment."
The likes of Christian Dior, Chanel and Pierre Balmain were working with Air France, Olympic Airways and Singapore Airlines respectively to design crew uniforms.
Being a flight attendant -- or a stewardess, as they were called until the 1970s -- was a dream job.
"Flight crews looked like rock stars when they walked through the terminal, carrying their bags, almost in slow motion," says designer and author of the book "Airline: Style at 30,000 Feet, Keith Lovegrove."They were very stylish, and everybody was either handsome or beautiful."
Most passengers tried to follow suit.
Relaxed attitude
Pan American World Airways is perhaps the airline most closely linked with the 'Golden age'.
Ivan Dmitri/Michael Ochs Archives/Getty Images
"It was like going to a cocktail party. We had a shirt and tie and a jacket, which sounds ridiculous now, but was expected then," adds Lovegrove, who began flying in the 1960s as a child with his family, often getting first class seats as his father worked in the airline industry.
"When we flew on the jumbo jet, the first thing my brother and I would do was go up the spiral staircase to the top deck, and sit in the cocktail lounge."
"This is the generation where you'd smoke cigarettes on board and you'd have free alcohol.
"I don't want to put anyone in trouble, but at a young age we were served a schooner of sherry before our supper, then champagne and then maybe a digestive afterwards, all below drinking age.
"There was an incredible sense of freedom, despite the fact that you were stuck in this fuselage for a few hours."
According to Lovegrove, this relaxed attitude also extended to security.
"There was very little of it," he says. "We once flew out to the Middle East from the UK with a budgerigar, a pet bird, which my mother took on board in a shoebox as hand luggage.
"She punched two holes in the top, so the little bird could breathe. When we were brought our three-course meal, she took the lettuce garnish off the prawn cocktail and laid it over the holes. The bird sucked it in. Security-wise, I don't think you could get away with that today."
'Impeccable service'
A Pan Am flight attendant serves champagne in the first class cabin of a Boeing 747 jet.
Tim Graham/Getty Images
The airline most often associated with the golden age of travel is Pan Am, the first operator of the Boeing 707 and 747 and the industry leader on transoceanic routes at the time.
"My job with Pan Am was an adventure from the very day I started," says Joan Policastro, a former flight attendant who worked with the airline from 1968 until its dissolution in 1991.
"There was no comparison between flying for Pan Am and any other airline. They all looked up to it.
"The food was spectacular and service was impeccable. We had ice swans in first class that we'd serve the caviar from, and Maxim's of Paris [a renowned French restaurant] catered our food.
Policastro recalls how passengers would come to a lounge in front of first class "to sit and chat" after the meal service.
"A lot of times, that's where we sat too, chatting with our passengers. Today, passengers don't even pay attention to who's on the airplane, but back then, it was a much more social and polite experience," says Policastro, who worked as a flight attendant with Delta before retiring in 2019.
Suzy Smith, who was also a flight attendant with Pan Am starting in 1967, also remembers sharing moments with passengers in the lounge, including celebrities like actors Vincent Price and Raquel Welch, anchorman Walter Cronkite and the Princess Grace of Monaco.
Luxurious world
Travelers are served a buffet on board a Lockheed Super Constellation while flying with former American airline Trans World Airlines (TWA) in 1955.
Mondadori via Getty Images
The upstairs lounge on the Boeing 747 was eventually replaced by a dining room.
"We set the tables with tablecloths. It was quite fabulous," says Smith. "People could not sit up there for takeoff and landing, but went up to have dinner. After a while, they did away with the dining room too, and they put first class seats up there."
The first class service was worthy of a restaurant.
"We started with canapés, then we came out with a cart with appetizers, which included beluga caviar and foie gras," she explains. "After that we had a cart with a large salad bowl and we mixed it ourselves before serving it.
"Then there always was some kind of roast, like a chateaubriand or rack of lamb or roast beef, and it came on the plane raw and we cooked it in the galley.
"We took it out on another cart and we carved it in the aisle. But in addition to that we had at least five other entrees, a cheese and fruit cart, and a dessert cart. And we served Crystal or Dom Perignon champagne."
Things weren't too bad in economy either.
"Food came on the plane in aluminum pans and we would cook it and dish it all up," Smith says. "The trays were large and came with real glasses.
"If we had a breakfast flight, they would board raw eggs and we would have to break them into a silver terrine and whip them up, melt the butter, and cook them up with the sausage or whatever else we were having."
On top of dressing to the nines, passengers also didn't have much carry-on luggage.
"When I first started, there was no such thing as wheels on a suitcase," adds Smith. "We always checked them in, and then we carried a tote bag on board.
"There were no overhead bins either. The only things you could put up there were coats and hats. People only brought on one piece of luggage, that would fit under the seat."
It wasn't all perfect. Smoking was permitted on board, filling up the cabins much to the dismay of flight attendants; it was progressively banned starting in the 1980s.
Fondly remembered
A first-class 'Slumberette' on a Lockheed Constellation, in the early 1950s.
Airline: Style at 30,000 Feet/Keith Lovegrove
Many airlines had strict physical requirements for hiring flight attendants, who had to maintain a slim figure or risk getting fired.
Safety was nowhere near as good as today: in the US, for example, there were 5,196 total accidents in 1965 compared to 1,220 in 2019, and the fatality rate was 6.15 per 100,000 flight hours compared to 1.9, according to the Bureau of Transportation Statistics.
Hijackings were common: there were over 50 in 1969 alone. Fares were also much higher. According to Simons, a transatlantic flight ticket in the early 1960s would cost around $600, which is about $5,800 in today's money.
Nevertheless, nostalgia for the period abounds, and Pan Am in particular is still remembered fondly as the pinnacle of the air travel experience.
The airline folded in 1991, when the golden age was long dead after deregulation had paved the way for a less glamorous, but more accessible commercial aviation starting in the 1980s.
It survives through organizations that unite ex employees of the company, such as World Wings, a philanthropic association of former Pan Am flight attendants, which both Smith and Policastro belong to.
"Pan Am was a big cut above the rest. We always had very classy uniforms. They did not try to present us as sexual objects. And the work was pretty hard, but we were treated like royalty," says Smith.
"We had a wonderful time on every layover. We had so many adventures."
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https://www.cnn.com/travel/article/golden-age-flying-really-like/index.html
| 2022-08-05T11:30:08
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| 0.986812
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https://sportspyder.com/nhl/florida-panthers/articles/40295324
| 2022-08-05T11:30:09
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| 0.738227
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https://sportspyder.com/nhl/florida-panthers/articles/40295450
| 2022-08-05T11:30:15
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https://sportspyder.com/nhl/florida-panthers/articles/40296870
| 2022-08-05T11:30:21
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https://sportspyder.com/nhl/pittsburgh-penguins/articles/40296890
| 2022-08-05T11:30:27
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