The Canopy Hotel, Engineered by Dresdner Robin, Wins Prestigious ULI Northern New Jersey Excellence Award

New Jersey-based land-use consultancy Dresdner Robin announced that its project, the Canopy Hotel, has won a ULI Northern New Jersey Excellence Award for best hospitality project. Award winners are recognized for transformational land-use developments, best practices and creative visioning. The firm provided surveying, civil engineering and landscape architectural design services for the complex, which opened in late... The post The Canopy Hotel, Engineered by Dresdner Robin, Wins Prestigious ULI Northern New Jersey Excellence Award appeared first on Real Estate Weekly. New Jersey-based land-use consultancy Dresdner Robin announced that its project, the Canopy Hotel, has won a ULI Northern New Jersey Excellence Award for best hospitality project. Award winners are recognized for transformational land-use developments, best practices and creative visioning. The firm provided surveying, civil engineering and landscape architectural design services for the complex, which opened in late 2021 in the Powerhouse Arts District of the gold coast of Jersey City.  The development, located in a FEMA flood zone, required flood mitigation measures and stormwater management systems that were evaluated and developed by Dresdner Robin. The firm also provided flood certifications, construction survey layout control, and streetscape and site lighting design. “This project transformed a previously vacant and unsightly lot,” said Dresdner Robin’s Mark Vizzini, the Associate Director of Land Development. “It was engineered and designed to keep true to the neighborhood’s industrial and arts-based past. And, with the precision and detail that went into the structure, it has become an anchor for the Powerhouse Arts District, so we’re thrilled to see the recognition it deserves.” The Canopy Hotel, located at 159 Morgan Street, is situated along the former industrial and manufacturing corridor of the Powerhouse Arts District. Within the last 6 years, the area has been redeveloped to include high-rise luxury residential, office space, and arts-centered construction projects, several of which Dresdner Robin has contributed to. The ULI Northern New Jersey Awards for Excellence, widely known as the most prestigious by the real estate and land use industry, began in 1979 to recognize superior development efforts in the private, public, and nonprofit sectors. Winning projects represent the highest standards of achievement in the development industry. Finalists and winners are selected by the ULI jury, which represents a range of panelists from various geographic locations and many areas of real estate and land use expertise, including finance, planning, development, public affairs, design, and professional services, among others. Project partners of the Canopy Hotel include Panepinto Properties, The Kabr Group, Three Wall Capital and Greentree Construction. Along with a bar and bistro located at the ground level, the hotel includes 1,400 square feet of meeting space, a 24-hour fitness studio and guest areas for live events. An outdoor terrace with seating and a green wall for seasonal plantings is also available, which was designed by Dresdner Robin’s team of landscape architects. The post The Canopy Hotel, Engineered by Dresdner Robin, Wins Prestigious ULI Northern New Jersey Excellence Award appeared first on Real Estate Weekly......»»

Category: realestateSource: realestateweeklyMay 19th, 2022

CACI Secures $514M Contract for Modernizing US Army Networks

CACI wins a $514 million contract to deliver enterprise technology needed for the network modernization of the outside plant infrastructure and facilities across major U.S. Army locations. CACI International Inc. CACI recently secured a $514 million single-award task order from the U.S. Army. Per the contract, the company would help the U.S. Army modernize their outside plant ("OSP") infrastructure and facilities so that they can have more fiber optic cables for communications.CACI will deliver enterprise technology needed for the fiber optic cable infrastructure that supports high-speed voice, video and data networks for critical command and control systems. The contract has a five-year term period, which includes a one-year base and four one-year options.CACI would provide network modernization of the OSP infrastructure and facilities across major U.S. Army locations within the United States. Per the terms of the deal, the company would deliver enterprise technologies across at least 40 U.S. Army locations.CACI International, Inc. Price and EPS Surprise CACI International, Inc. price-eps-surprise | CACI International, Inc. QuoteContracts Keep Flowing for CACICACI has been winning several deals, which reflect its disciplined business development actions, consistent operational excellence and high customer satisfaction. The reliability provided by the company’s services makes it a preferred choice among contractors.In the last reported quarter, CACI secured several notable contracts. These include a five-year, $209-million single-award contract by one of the armed services to continue to provide agile development, systems integration, and cloud migration for accounting and financial management systems. It was awarded a five-year task order worth $54 million to provide mission expertise to support customers in the areas of mathematical, statistical, engineering, physical, and life sciences analysis and program management.CACI also won a prime position on a $575 million, six-year multiple-award, indefinite delivery, indefinite quantity contract by the U.S. Deputy Chief of Naval Operations. Under the contract, the company will provide enterprise expertise to ensure sailor readiness and help implement the broad transformation of the MyNavy HR information system.These back-to-back wins are key catalysts driving success for the company. CACI has a large pipeline of new projects and continues to win deals at regular intervals. As of Sep 30, 2021, its total backlog was $23.9 billion.Zacks Rank & Stocks to ConsiderCurrently, CACI carries a Zacks Rank #3 (Hold).Some better-ranked stocks from the broader technology sector include Broadcom AVGO, Apple AAPL and Jabil JBL. While Broadcom sports a Zacks Rank #1 (Strong Buy), Apple and Jabil each carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for Broadcom’s first-quarter fiscal 2022 earnings has been revised upward by 8.1% to $8.15 per share over the past 60 days. For fiscal 2022, earnings estimates have moved upward by 6.5% to $33.03 per share over the past 60 days.Broadcom’s earnings beat the Zacks Consensus Estimate in the preceding four quarters, the average surprise being 1.4%. Shares of AVGO have rallied 37.9% in the trailing 12 months.The Zacks Consensus Estimate for Apple’s first-quarter fiscal 2022 earnings has been revised upward by a penny to $1.89 per share over the past 30 days. For fiscal 2022, earnings estimates have moved upward by four cents to $5.82 per share in the past 30 days.Apple’s earnings beat the Zacks Consensus Estimate thrice in the preceding four quarters while meeting the same on one occasion, the average surprise being 22.3%. AAPL stock has rallied 33.8% over the past year.The Zacks Consensus Estimate for Jabil’s second-quarter fiscal 2022 earnings has been revised upward to $1.47 per share from $1.41 30 days ago. For fiscal 2022, earnings estimates have been revised upward by 25 cents to $6.58 per share in the past 30 days.Jabil’s earnings beat the Zacks Consensus Estimate in the preceding four quarters, the average surprise being 18.1%. Shares of JBL have rallied 58% over the past year. Breakout Biotech Stocks with Triple-Digit Profit Potential The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.See these 7 breakthrough stocks now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Apple Inc. (AAPL): Free Stock Analysis Report Jabil, Inc. (JBL): Free Stock Analysis Report Broadcom Inc. (AVGO): Free Stock Analysis Report CACI International, Inc. (CACI): Free Stock Analysis Report To read this article on click here. Zacks Investment Research.....»»

Category: topSource: zacksJan 13th, 2022

2022 NACTOY Awards in Focus: Ford (F) Takes Home 2 Honors

While Ford (F) scores twin victories with the Maverick pickup and the Bronco utility vehicle, the Honda Civic bags the Car of the Year award. It’s that time of the year when automotive companies, motorheads, and industry watchers alike eagerly wait for the winners of the prestigious NACTOY (North American Car, Truck and Utility Vehicle of the Year) Awards. Finally, the wait is over. The results of the 2022 NACTOY Awards were announced yesterday. An independent jury of 50 automotive journalists determined the winners from the three finalists in each category (car, truck and utility vehicle) released in November.Check Out the WinnersIt was a big day for Ford F as the U.S. auto giant won two of the three awards. Ford Maverick was named as 2022 Truck of the Year while Ford Bronco took the Utility Vehicle of the Year honor. Meanwhile, Japan’s auto biggie Honda’s HMC popular Honda Civic claimed the Car of the Year win, beating the other two finalists Lucid Air and Volkswagen Golf.The all-new Honda Civic, redesigned for the 2022 model year, is the 11th generation of America’s most popular compact car. Honda has produced around 11 million Civics in North America (more than 45% of that number in the United States). Per media sources, the jury was impressed by the vehicle’s fuel efficiency, affordability, reliability and the fact that it is a fun ride. It should be noted that this was the third NACTOY Award for Honda Civic, with the 8th and the 10th generation Civic models winning in 2006 and 2016, respectively.Ford Maverick topped the other truck finalists — the Hyundai Santa Cruz and Rivian R1T. Ford began deliveries of Maverick in September and sold 13,258 units of the same in 2021. Meanwhile, Bronco beat fellow finalists — Genesis GV70 and Hyundai IONIQ 5 — in the utility vehicle category. Deliveries of Bronco commenced in June, with Ford having sold 35,023 units last year.It was the second consecutive year that Ford took home two of the three coveted NACTOY Awards. Last year, Ford claimed top utility and truck wins for Mustang Mach-E and F-150, respectively. The automaker’s focus on transforming its vehicle lineup by focusing more on bigger, more profitable and popular vehicles like SUVs and trucks seems to be paying off. F currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.EV Finalists at the 2022 NACTOY AwardsWhile no electric vehicle (EV) won the crown this year, it marked the first time that each category included a green vehicle among the finalists, underscoring the fact that the auto industry is fast advancing toward an e-mobility future. The EV models that made through the list of finalists were Rivian’s RIVN R1T truck, Lucid Motors’ LCID luxury electric car Lucid Air and Hyundai Motors’ all-electric midsize CUV Hyundai Ioniq 5.Rivian— the first company to bring an e-pickup to the consumer market— had unveiled prototypes of the all-electric R1T truck at the LA Auto Show in late 2018 and started deliveries of the same in September 2021. In fact, last month, MotorTrend named Rivian R1T the Truck of the Year, calling it “the most remarkable pickup truck we've ever driven.” The vehicle, however, failed to claim the NACTOY Truck of the Year award.EV startup Lucid Motors, which went public in June 2021, announced in September that the company had thus far received more than 13,000 reservations for the vehicle. LCID claimed that its Lucid Air model received the longest EPA range rating for any electric car — 520 miles on a single recharge. The company began the deliveries of Lucid Air in late October.Hyundai Ioniq 5 is the latest all-electric offering by the South Korea-based auto manufacturer, Hyundai. Last summer, Hyundai launched Ioniqbrand, dedicated entirely to EVs. The company confirmed launching three new electric cars under the brand within the next four years, beginning with the Ioniq 5, followed by Ioniq 6 and Ioniq 7. With a 350-kW charger, Ioniq 5 can charge from 10 percent to 80 percent in just 18 minutes. The vehicle emits zero tailpipe emissions and offers a driving range of up to 481 km. Built on a cutting-edge new platform, cool design and driving dynamics, Hyundai claims Ioniq 5 to be a ground-breaking electric CUV, delivering a thrilling performance.But Gas-Powered Vehicles Rule the ShowWhile EV finalists made their way to the runners up position, none of the three models could get the trophy home. It was the ICE vehicles that made a clean sweep. It would probably take another year for the green vehicles to rule the award show, with various new models across all categories set to hit the market in 2022. But the fact that the 2022 NACTOY Awards had an EV finalist in each category is encouraging and marks a step in the right direction.Quoting NACTOY president Gary Witzenburg “2021 has been a highly significant year in automotive history. We have seen ground-breaking and appealing new electric vehicles from almost every brand along with the emergence of new vehicle segments and impressive redesigns of familiar models.” Breakout Biotech Stocks with Triple-Digit Profit Potential The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.See these 7 breakthrough stocks now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ford Motor Company (F): Free Stock Analysis Report Honda Motor Co., Ltd. (HMC): Free Stock Analysis Report Lucid Group, Inc. (LCID): Free Stock Analysis Report Rivian Automotive, Inc. (RIVN): Free Stock Analysis Report To read this article on click here. Zacks Investment Research.....»»

Category: topSource: zacksJan 13th, 2022

Engineers recognized for making RFK Bridge cleaner, quieter, faster

The team behind a new ramp on the Harlem River Drive has been recognized by the American Council of Engineering Companies New York (ACEC NY) with a Diamond Award as part of the 2021 New York Engineering Excellence Awards. Parsons Corporation announced today that the company’s work on New York... The post Engineers recognized for making RFK Bridge cleaner, quieter, faster appeared first on Real Estate Weekly. The team behind a new ramp on the Harlem River Drive has been recognized by the American Council of Engineering Companies New York (ACEC NY) with a Diamond Award as part of the 2021 New York Engineering Excellence Awards. Parsons Corporation announced today that the company’s work on New York City’s RFK Bridge – the Harlem River Drive North Connector Ramp – was honored. Parsons served as the design lead on the project working with Judlau Contracting, Inc. The project was carried out on behalf of the Triborough Bridge and Tunnel Authority, a division of the MTA, to provide a connection between the RFK Bridge to Harlem River Drive’s northbound lanes. The new ramp has decreased congestion, reduced noise pollution, eliminated 2,500 tons of CO2-equivalent per year, and improved the quality of life in neighboring East Harlem, while providing a shorter and safer route for travelers. SETH CONDELL “This prestigious award acknowledges the immense talent and dedication that went into this project,” said Seth Condell, vice president for Parsons. “Our team is proud to deliver a complex structure, designed for durability, which improves the experience for neighbors and commuters alike, and do it all ahead of schedule.  This award comes on the heels of a national Design-Build Institute of America award, which recognized the aspects of “Design-Build Done Right,” by shaving four months off of an aggressive schedule, cutting costs, and delivering excellence through the height of the pandemic.” Parsons provided design engineering and construction support services on the project. The ramp was designed to maximize durability of the structure and reduce inspection and maintenance costs, while minimizing disruption to traffic. The completed ramp opened to traffic in November 2020. ACEC NY’s Engineering Excellence Awards is an annual competition that recognizes New York engineering firms for complexity, innovation, and value to society. The post Engineers recognized for making RFK Bridge cleaner, quieter, faster appeared first on Real Estate Weekly......»»

Category: realestateSource: realestateweeklyDec 10th, 2021

SAIC Grabs Space & Intelligence Contracts Worth $348M in Q3

SAIC wins contracts worth $348 million in Q3 from the space and intelligence communities that involve highly-specialized services in digital engineering and information technology modernization. Science Applications International Corporation SAIC announced last week that it has secured $348 million worth of contracts from the space and intelligence communities in the third quarter of fiscal 2022.The company disclosed that most of the contracts involve highly-specialized services in digital engineering, IT modernization and mission operations areas. The clients requiring these services belong to the classified space and intelligence communities.The quarterly total includes a contract worth $100 million, under which Science Applications International Corporation is required to provide digital and systems engineering solutions to a classified space customer. It also includes an initial award of a $46 million contract from a classified customer to deliver IT solutions.Science Applications International Corporation Price and Consensus Science Applications International Corporation price-consensus-chart | Science Applications International Corporation QuoteContinuous Flow of Contracts for SAICScience Applications International Corporation is benefiting from the continued flow of high-value contracts. A record level of awards reflects its disciplined business-development actions, consistent operational excellence and high customer satisfaction. As of Jul 31, 2021, the company’s total contract backlog was $24 billion.Moreover, the government as a big client lends stability to business and moderates fluctuation in revenues.On Nov 16, SAIC revealed receiving a U.S. Navy contract worth $556 million to modernize its human resources service to sailors, their families and future recruits. On Nov 4, the company announced that it was awarded a defense contract worth $93 million to provide R&D, engineering, testing, integration, cybersecurity, upgrades and sustainment for numerous tactical threat systems to the U.S. Navy.In July, SAIC secured a five-year, $85 million, single-award, cost-plus-fixed-fee contract from the U.S. Navy. Per the deal, the company will continue to provide software engineering, DevSecOps, cloud migration, and cyber support to the U.S. Navy’s Joint Expeditionary Command and Control family of systems.In June, SAIC received a five-year, $126-million, single-award task order from the Department of Defense Information Analysis Center to provide R&D support to the U.S. Army Combat Capabilities Development Command Ground Vehicle Systems Center.Zacks Rank & Stocks to ConsiderScience Applications International Corporation  currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks from the broader technology sector include Google parent Alphabet GOOGL, Cirrus Logic CRUS and Diodes DIOD, each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for Alphabet’s fourth-quarter 2021 earnings has been revised upward by $1.87 to $26.72 per share over the past 30 days. For 2021, earnings estimates have been moved upward by $5.99 to $107.86 per share in the last 30 days.Alphabet’s earnings beat the Zacks Consensus Estimate in the preceding four quarters, the average surprise being 41.5%. Shares of the GOOGL stock have rallied 69.9% in the year-to-date (“YTD”) period.The consensus mark for Cirrus Logic’s third-quarter fiscal 2022 earnings has been raised to $2.15 per share from $2.10 per share 30 days ago. For fiscal 2022, earnings estimates have been revised upward by 38 cents to $5.37 per share in the last 30 days.Cirrus Logic’s earnings beat the Zacks Consensus Estimate thrice in the preceding four quarters while missed the same on one occasion, the average positive surprise being 14.9%. Shares of the CRUS stock have declined 0.7% YTD.Diodes’ consensus estimate for fourth-quarter 2021 earnings has been revised upward by 23.9% to $1.45 per share over the past 30 days. For 2021, earnings estimates have been moved upward by 6.3% to $5.06 per share over the last 30 days.Diodes’ earnings beat the Zacks Consensus Estimate in the preceding four quarters, the average surprise being 10%. Shares of the DIOD stock have rallied 56% YTD. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Diodes Incorporated (DIOD): Free Stock Analysis Report Cirrus Logic, Inc. (CRUS): Free Stock Analysis Report Science Applications International Corporation (SAIC): Free Stock Analysis Report Alphabet Inc. (GOOGL): Free Stock Analysis Report To read this article on click here......»»

Category: topSource: zacksNov 22nd, 2021

Top 5 Stocks Likely to Gain From U.S. Infrastructure Spending

Five stocks are likely to gain from the Biden administration's infrastructure development legislation. These are; NUE, QCOM, CWT, CR, and CMC. U.S. stock markets have been witnessing an impressive rally this year, with just around seven weeks to complete 2021. However, market participants seem a little nervous as the coronavirus-led massive fiscal stimulus has ended and the Fed has decided to systematically eliminate the monetary stimulus paving the path for the first rate hike next year since March 2020. Moreover, soaring inflationary pressure has compelled many investors to think that the central bank may hike rates early next year instead of mid-2022.At this stage, the new law of the Biden administration to spend $1 trillion in infrastructure development will act as a new catalyst for Wall Street. Various companies will gain from this project. Notable among them are Nucor Corp. NUE, Commercial Metals Co. CMC, QUALCOMM Inc. QCOM, Crane Co. CR and California Water Service Group CWT.Biden's Infrastructure ProjectOn Nov 15, President Joe Biden signed a bipartisan infrastructure bill of $550 billion in addition to the previously approved funds of $450 billion for five years. With this, the bill has become a new law. The law aims at establishing the United States with the world's best economic infrastructure. Total spending may go up to $1.2 trillion if the plan is extended to eight years.The infrastructure development law will provide $100 billion toward roads, bridges and other major projects. It will invest $66 billion in freight and passenger rail, including potential upgrades to Amtrak. The project will provide $11 billion toward reducing car crashes and fatalities through a “Safe Streets for All” program. The law allocates $39 billion to modernize public transit and improve access for disabled people.In addition, the law has proposed $66 billion for passenger and freight rail, $15 billion for electric vehicles and buses, and $17 billion for airports, ports and waterways. The project will invest $50 billion in water infrastructure and $55 billion in clean water projects. Moreover, $65 billion will be invested in high-speed Internet (broadband), $21 billion in environmental clean-up and $73 billion in Power infrastructure.Future Driver for Wall StreetThe newly introduced massive infrastructure development project will be a major catalyst for the U.S. stock markets in 2022. Various segments of the economy such as basic materials, industrials, telecommunications and utilities will benefit immensely with more job creation for the economy.On Nov 15, President Biden also urged the Congress to clear a new $1.75 trillion spending plan for investment in the social safety net and climate policy. Biden is “confident” that the House will pass the bill eventually the Senate. The President said, “Together with the infrastructure bill, millions of lives will be changed for the better.”On Nov 4, Bloomberg reported citing a National Security Council official that the ‘White House is pressing U.S. Congress to quickly pass legislation providing $52 billion to help computer chip manufacturers and ease a shortage of the components vital for a range of industries.’In the absence of the pandemic-induced fiscal and monetary stimulus, two above-mentioned infrastructure projects and the proposed CHIPS Act to usher in a resurgence of semiconductor manufacturing in the United States, will play the role of the stock market’s future catalysts.Our Top PicksWe have narrowed down our search to five stocks that are likely to gain from the Biden administration’s infrastructure development legislation. These companies have strong growth potential for the rest of 2021 and have seen positive earnings estimate revisions in the last 30 days. Each of our picks carries either a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.The chart below shows the price performance of our five picks in the past month.Image Source: Zacks Investment ResearchNucor Corp. is a leading producer of structural steel, steel bars, steel joists, steel deck and cold-finished bars in the United States. NUE operates through three segments: Steel Mills, Steel Products, and Raw Materials.Nucor has been seeing consistent momentum in the non-residential construction market. Demand in the non-residential construction markets was strong in the most recent quarter. The downstream products unit of Nucor has been benefiting from continued strength in the non-residential construction markets.Zacks Rank #1 NUE has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings improved 7.2% over the last 30 days.Qualcomm Inc. is well-positioned to benefit from a solid 5G traction with greater visibility to meet its long-term revenue targets. For calendar-year 2021, 5G handsets with QCOM chip are expected to witness 150% year-over-year growth at the midpoint to about 450-550 units.Qualcomm has raised the bar for driverless cars with the launch of the first-of-its-kind automotive platform — Snapdragon Ride — which enables automakers to transform their vehicles into self-driving cars using AI.Zacks Rank #2 QCOM has an expected earnings growth rate of 23.1% for the current year (ending September 2022). The Zacks Consensus Estimate for current-year earnings improved 1.1% over the last 7 days.Crane Co. manufactures and sells engineered industrial products in the United States, Canada, the United Kingdom, Continental Europe, and internationally. Crane Co. is poised to benefit from its diverse portfolio and efficient management team. CR has exposure in many end markets like non-residential construction, aerospace, electronics, automated payment solutions, chemical, power and various general industries.Zacks Rank #2 CR has an expected earnings growth rate of 67.5% for the current year. The Zacks Consensus Estimate for its current-year earnings has improved 7.6% over the last 30 days.Commercial Metals Co. is poised to gain on robust steel demand, stemming from elevated spending on residential and construction sector in North America and recovery in the manufacturing sector. Steel sales volumes in Europe are anticipated to remain healthy on increasing demand from construction and industrial end market.Construction activity in Poland remains particularly strong aided by the residential markets. These factors will boost steel shipment levels in North America and Europe, and support CMC’s results in fiscal 2022.Zacks Rank #1 CMC has an expected earnings growth rate of 3.7% for the current year (ending August 2022). The Zacks Consensus Estimate for current-year earnings improved 25.3% over the last 30 days.California Water Service Group has invested in infrastructure. This along with CWT’s strategic acquisitions will help it provide customers with efficient water and wastewater services. New rates coming into effect will constantly drive the earnings of California Water Service. Also, the utility is benefiting from consistent customer wins.California Water Service is not only boosting its operations via inorganic activities but also resorting to organic prospects. In August, it completed a water main replacement project in northern Salinas while in September CWT concluded similar large-scale projects, one each in Woodside and Bodfish.In July, the utility retired its old 100,000-gallon elevated water tank from service as it did not meet the new seismic standards. Such strategic actions to upgrade California Water Service’s infrastructure are likely to boost its customer base in the future, by increasing the resilience and reliability of its operations.Zacks Rank #2 CWT has an expected earnings growth rate of 0.5% for the current year. The Zacks Consensus Estimate for current-year earnings improved 7.6% over the last 30 days. Zacks' Top Picks to Cash in on Artificial Intelligence In 2021, this world-changing technology is projected to generate $327.5 billion in revenue. Now Shark Tank star and billionaire investor Mark Cuban says AI will create "the world's first trillionaires." Zacks' urgent special report reveals 3 AI picks investors need to know about today.See 3 Artificial Intelligence Stocks With Extreme Upside Potential>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report QUALCOMM Incorporated (QCOM): Free Stock Analysis Report Nucor Corporation (NUE): Free Stock Analysis Report Commercial Metals Company (CMC): Free Stock Analysis Report California Water Service Group (CWT): Free Stock Analysis Report Crane Co. (CR): Free Stock Analysis Report To read this article on click here. Zacks Investment Research.....»»

Category: topSource: zacksNov 16th, 2021

Medical Research Rapidly Adopts "Systemic Racism" As Truth, Risking Scientific Credibility, Part 1

Medical Research Rapidly Adopts "Systemic Racism" As Truth, Risking Scientific Credibility, Part 1 By John Murawski of RealClearInvestigations, Part 1 of 2 Rejection used to be common for medical sociologist Thomas LaVeist when he tried to get his research published on the effects of racism on the health of black people. “Now,” said the 60-year-old dean of Tulane University’s School of Public Health & Tropical Medicine, “I have those same journals asking me to write articles for them.” LaVeist’s experience illustrates the dramatic transformation in medical research, accelerating in the past few years. While few would dispute that black Americans are more prone to chronic health problems and have shorter life expectancies than whites, the medical community generally sought answers in biology, genetics and lifestyle. Research, like LaVeist’s, that focused on racism was frowned upon as lacking rigor or relevance, an amateurish detour from serious intellectual inquiry. Thomas LaVeist: His work focused on racism was once frowned upon as lacking rigor or relevance. Not any more. Today medical journal editors are clamoring for a racial lens and apologizing for what they call their past moral blindness. In recent years, and especially since Black Lives Matter protests erupted last year, systemic racism has been transformed from a fringe theory to a canonical truth. Medical researchers are now able to offer a sweeping socio-political explanation for racial health disparities by citing the hundreds of peer-reviewed articles authored by LaVeist and a host of others, thus conferring upon the study of systemic racism the imprimatur of scholarly authority and even settled science. This year, top officials at the National Institutes of Health issued an apology to all who have suffered from structural racism in biomedical research. The NIH, the nation’s largest funder of biomedical research, announced that it is dedicating $90 million to the study of health disparities and structural racism, engaging in more than 60 diversity and inclusion initiatives, and committing “every tool at our disposal to remediate the chronic problem of structural racism.” In an August special issue dedicated to racial health disparities, the prestigious Journal of the American Medical Association stated that systemic racism is a scientific fact beyond dispute, and disagreeing on this point is “wrong,” “misguided” and “uninformed.” Systemic racism is a reality to be assumed in medical research rather than a sociological hypothesis to be tested by skeptical researchers.  Deemed incontestable, systemic racism provides the political rationale for “dismantling” — in the words of no less an authority than the National Institutes of Health — the social institutions and cultural standards that, according to the framework’s advocates, were constructed and are maintained to uphold white supremacy.  The consequences of ignoring this new prime directive for racially focused research were made abundantly clear this year when the top two editors of JAMA were pressured to resign after the organization ran a podcast that questioned whether systemic racism explains health disparities between blacks and other Americans. “When JAMA sends a call for paper on structural racism, when the NIH director sends out an apology letter for racism in the NIH and when the CDC for the first time uses the term ‘racism,’ these are highest-level determinants of what research will be done in coming years in this country,” said Shervin Assari, an associate professor of family medicine and urban public health at Charles R. Drew University of Medicine and Science in Los Angeles, one of four historically black medical schools in the nation. Shervin Assari: Now the feds are "paying good money to the best researchers in this country who are competing to understand how structural racism works, rather than if it exists.” “This is the first time the NIH has issued a call for research on structural racism. This is the first time JAMA fires an editor who said something wrong about racism,” said Assari, who has published more than 350 papers on race, social determinants and health equity. “Now NIH is paying good money to the best researchers in this country who are competing to understand how structural racism works, rather than if it exists.” Systemic racism, generally unseen but known by its perceived effects, doesn’t directly cause diabetes, hypertension or depression, but it purportedly creates the living conditions in which chronic conditions opportunistically thrive, advocates say. Such living conditions include unsafe neighborhoods, aggressive policing, substandard schools, discriminatory workplaces, inferior medical care and the resulting stress, despair and self-destructive behavior, the theory states.  To institutionalize its new policy, JAMA is revising its peer review standards and diversifying its ranks to advance health care equity, a term that refers to narrowing or even eliminating racial health disparities in chronic conditions and life expectancies. Similar steps are being adopted throughout the medical profession — by the cluster-hiring of minority applicants, hiring of diversity and equity officers, and training staff on “white privilege,” implicit bias, microaggressions, and allyship. A lead editorial in the August special issue, co-signed by 15 people, including JAMA’s newly installed executive editor and executive managing editor, along with other JAMA leaders, said all medical journals are morally obligated to assume systemic racism as a fact and document this fact in their research. “At this point in the arc of medicine and scientific publication,” JAMA stated, “it is crucial for all journals to fulfill renewed editorial and journal missions that include a heightened and appropriate emphasis on equity and publication of information that addresses structural racism with the goal of overcoming its effects in medicine and health care.” This rapid turn of events has blindsided traditional doctors, who are put off by the intense focus on race and the strong rhetoric. “The spectacle of the gatekeepers of medical publications announcing a political blueprint that medical authors must follow — or else — is pretty breathtaking,” Thomas Huddle, who retired this year as professor at the medical school at the University of Alabama at Birmingham, said by email. Thomas Huddle, dissenter: “The medical gatekeepers are in the grip of a moral panic.” “The medical gatekeepers are in the grip of a moral panic,” said Huddle, who has published on medical ethics and edited several medical journals. “The JAMA convulsion over the podcast was positively Maoist in its fervor for achieving moral correctness and purging the impure.” It's an open secret that some find the systemic explanation to be nothing more than leftist polemic, while others are skeptical it convincingly explains everything it claims to explain. These skeptics worry about the career implications of publicly dissenting from the new orthodoxy, but it's not inconceivable that blaming an entire national culture for racial disparities will prompt independent scholars and conservative think tanks to produce opposing research that explores black-on-black murder, racial disparities in IQ testing and other taboo subjects.  The dramatic transformation sweeping through the health care profession is not happening in a vacuum. It mirrors social justice movements committed to exposing structural racism that allegedly pervades education, criminal justice, the arts, hard sciences and other domains of U.S. society. Activists in those fields, as well as medicine, talk of dismantling white supremacy and other “structures” that operate by means of race-neutral laws and colorblind norms that cause racial and gender power imbalances and harm non-white groups. Skeptical physicians say that medical journal editors are essentially replacing the scientific method with a political ideology, namely critical race theory, and leaving little room for alternative explanations — such as personal agency or cultural differences. “There’s a tremendous amount of groupthink,” said Stanley Goldfarb, a former dean for curriculum who taught about kidney disease at the University of Pennsylvania medical school before retiring this summer. “If you don’t agree with all that, you’re a bad person.” “This is an argument that you’re not allowed to have — that’s the problem here,” said Goldfarb, who has served on the editorial boards of three medical journals and was editor-in-chief of a nephrology journal. Racial health disparities underlie the four-year gap in black-white life expectancy in the United States. The factors that contribute to this disparity include chronic conditions, unintentional injuries, suicide and homicide, which is the leading cause of death for black males aged 44 and younger. Scholars committed to the systemic racism explanation blame the disproportionately high crime rates in poor black neighborhoods on discrimination, substandard schools and other manifestations of systemic racism.  The body of research into racial health disparities has broken into the mainstream after establishing credibility through the time-honored system of academic citations and referrals. Since LaVeist began his work in the 1990s, a small stream of articles has swelled into a critical mass that now allows medical researchers to assume systemic racism as a proven fact and cite the evidence in footnotes, as established knowledge, instead of arguing the case each time. “When the weight of the evidence becomes so overwhelming that we reach consensus, we no longer continue to question whether or not [it is true],” LaVeist said. “We don’t question gravity anymore because the consensus is that gravity is a thing.” One of the JAMA articles in the August special issue found that the major health care spending disparity is that whites spend more on dental, pharmaceutical, and outpatient care, while blacks spend more on emergency room and inpatient hospital care, suggesting that black people are more likely to be uninsured and otherwise lack access to routine medical care. Instead of detailing the precise reasons that may explain this gap, the authors invoke previous articles: “There are many mechanisms that have already been identified that explain how structural racism shapes health and healthcare.” In a phone interview, the lead author, Joseph Dieleman, associate professor of health metric sciences at the University of Washington in Seattle, said: “These are taken as a given by us. These are not to be debated, or being tested, in our analysis.”  Health Affairs, dubbed by a Washington Post columnist as “the bible of health policy,” is redoubling its focus on systemic racism, anti-racism, and equity, not only in its published content but also in attending to the racial makeup of its published authors and reviewers. “We acknowledge that the dominant voices in our work are those with power and privilege,” Editor-in-Chief Alan Weil wrote in January. “Even as we have dramatically increased the volume of our content focused on equity, the narrative has primarily been written by those in power. We vow to change this.” Weil, who was trained in critical legal theory, a precursor to critical race theory, as a Harvard law student in the 1980s, said in a phone interview that the concepts of merit and quality are often used to maintain power and privilege, and these structures must be examined for bias. “We’re just talking about — forgive the language that is used by the believers — interrogating ourselves,” Weil said. Systemic racism, a core tenet of critical race theory, doesn’t have a settled definition but it has broad applicability. One of the peculiar features of systemic racism is that the mechanism is not evident to those who are not initiated into the theory, but ubiquitous to its acolytes. For best-selling and award-winning author Ibram X. Kendi, whose writings are considered essential reading at some medical schools, any disparity can signify racism. The concept can refer to all manner of disparate outcomes —  in murder rates, arrest rates, life expectancies, education levels, school discipline, household income, standardized tests scores and grades — even in the fact that black people are nowhere to be seen in the corridor portraits of medical school dignitaries and are underrepresented in symphony orchestras. Ibram X Kendi: Any disparity can signify racism. “There is no ‘official’ definition of structural racism,” states a recent article in The New England Journal of Medicine.  “All definitions make clear that racism is not simply the result of private prejudices held by individuals, but is also produced and reproduced by laws, rules, and practices, sanctioned and even implemented by various levels of government, and embedded in the economic system as well as in cultural and societal norms.” One line of attack against the status quo is the movement to eliminate long-accepted practices to promote merit and excellence that, according to activists, operate as colorblind mechanisms to produce unequal outcomes: gifted and talented programs, gifted schools, and admissions tests for elite high schools, as well as standardized test scores for university admission. In medicine, the U.S. Medical Licensing Examination test is changing from a graded score to pass/fail to help minority students, while Northwestern University and its Feinberg School of Medicine are promoting diversity by eliminating a six-decade-old Honors Program in Medical Education. Still, the concept provides special challenges for medicine. Unlike bacteria, for instance, systemic racism is an invisible force that can only be measured indirectly, by its perceived effects. Nevertheless, LaVeist is convinced that systemic racism is the best explanation for racial health disparities because the correlation of race and health is consistent across numerous studies for multiple chronic conditions. “We cannot make direct causal inferences. The best we can do is look at plausible causality,” LaVeist said. “What we have is a case where once you’ve ruled out all of the plausible explanations, the only thing left is systemic racism.” LaVeist and Weil agree that health and other disparities can have other causes than systemic racism, and good scholarship should be cognizant of other potential variables. LaVeist said that without allowing for other factors, people of color would have no free will, but it is important to note that African American culture is also shaped by white racism. One of LaVeist’s early co-authored papers that was rejected by several journals before finding a publisher concluded that black people who experience rudeness at the hands of white people have longer life expectancies if they blame systemic racism, or some other external factor, for being treated disrespectfully. An implication of the study: Even if the rude behavior by the white person isn’t caused by racism or an external factor, it’s strategically beneficial for black people to attribute the rudeness to someone else’s racism, boorishness or insensitivity, rather than blaming themselves. “Yes — racism, or some other external attribution,” LaVeist said. “If you make an external attribution, that is going to be healthier than you thinking, ‘Oh they’re right, I am a bad person, I deserve to be mistreated.’” Assari specializes in the study of “diminished returns” in quality of life and health that black people and other marginalized groups experience as they gain education and income in U.S. society. His research contends that black people reap fewer benefits — such as income and health — as they rise in education, compared to white people, which he attributes to structural racism. He has written half of the 300-some academic papers on that subject cited by the National Library of Medicine. He makes connections that would not be self-evident to someone who lacks training in his specialty. One of his recent papers, published in the Journal of Health Economics, says that Americans are less likely to smoke as their income level rises. But that rule doesn’t hold for high-income Chinese Americans, who are more likely to smoke as they generate more income.  So Assari postulates that upwardly mobile Chinese Americans resort to nicotine as a means of coping with the anti-Asian bias they encounter in this country’s elite institutions.   Yet, he also said that even though the anti-racist movement seems invincible now, overweening claims about systemic racism will eventually invite scholarly criticism, especially if equity policies and interventions now being implemented fail to deliver results. “I think there will be a very strong backlash against critical race theory very soon,” Assari said. “I don’t think it is sustainable. And it is falsifiable. So there would be an anti-CRT movement among other group of social scientists.” Nevertheless, Assari said systemic racism is a reliable theoretical framework because it parsimoniously explains the marginalization of many racial groups. “This is one model which explains many of our observations,” Assari said. “A theory is [reliable] when an observation or assumption holds regardless of the context, setting, place, population, design, sample. It is replicated many times across a diverse group of settings, age groups, resources, and outcomes.” LaVeist said segregation, much of it rooted in historical practices such as redlining and Jim Crow, is the primary driver of disparities. Poor neighborhoods are generally more polluted, closer to highways and industrial zones, and have less access to quality restaurants, grocery stores, public schools, and green spaces. Such environments tend to breed despair, which leads to crime and an overly aggressive police response. The constant stress of dealing with these hassles and micro-aggressions wears on the body, research into health disparities says, echoing arguments made by critical race theorists in the 1980s. One medical paper, published in The Lancet in 2017 and cited more than 1,500 times as of November, says that residential segregation is the foundation of structural racism, and notes that “growing research is linking interpersonal racism to various biomarkers of disease and well-being, including allostatic load, inflammatory markers, and hormonal dysregulation.” There are those who say the medical establishment is not going far enough in this research direction. The STAT News health information website reported in September that anti-racism and equity have become so trendy that “white scholars are colonizing research on health disparities.” According to the STAT investigation, white researchers are caught up in “a gold rush mentality” and “rushing to scoop up grants and publish papers.” The white scholars are replicating work done by black researchers without giving sufficient credit, a new form of exploitation practiced by “health equity tourists” and “opportunistic scientific carpetbaggers.” One of the worst offenders: JAMA’s August special issue on health disparities. “Not one of the five research papers published in the issue included a Black lead or corresponding author, and just one lead author was Hispanic,” STAT reported. Weil sympathizes with these concerns and said Health Affairs is creating a mentorship program to help scholars of color get their papers published in the journal. Weil, who said about 5% of submitted papers are accepted for publication at Health Affairs, is confident that dismantling power and privilege won’t necessitate compromising standards of excellence, and he considers such criticisms to be “generally false and intentionally inflammatory.” “Equitable representation should be the outcome of an equitable process, not the jerry-rigged result of a change of standards for one group — that is not where we want to be,” Weil said. “So if the fix here is an equitable outcome by lowering standards for a certain group, our readers will notice, and that’s not the end point I’m looking for.” Weil’s biggest concern is not that the anti-racist movement in medical research will go too far, but that the momentum and resolve will fizzle out. “I think it’s very hard to tell where you are on a swinging pendulum when you’re in the middle of it,” he said. “I am much more concerned that this will become a rote exercise where everyone genuflects to anti-racism but does nothing about it, than I am that this is an overcorrection.” Tyler Durden Fri, 11/12/2021 - 21:40.....»»

Category: blogSource: zerohedgeNov 12th, 2021

CACI Wins USASOC"s $785 Million Mission Support Task Order

Under the latest $785 million USASOC contract, CACI (CACI) will provide the agency with warfare solutions along with training and modernization in support of mission advancement of Army Special Operations. CACI International Inc. CACI recently secured a $785 million single-award task order from the United States Army Special Operations Command (“USASOC”). Per the five-year contract, CACI will provide USASOC with integrated information warfare and electronic warfare solutions, training, readiness, and modernization to advance customer mission requirements.CACI president and CEO, John Mengucci said, “CACI’s mission expertise in operational support, intelligence analysis, technology integration, and training will help Special Operations Forces adapt to the current and future threat environment.”  The company will design training models based on first-hand experiences to aid the trainees adapt to realistic threat scenarios.Awarded under the General Services Administration One Acquisition Solution for Integrated Services pool 1 contract, the order has a performance period of one year with four one-year options. The latest defense contract win further reinforces CACI’s position as a reliable mission contractor.CACI on a Contract Winning SpreeCACI has been winning a record number of deals, which reflects its disciplined business development actions, consistent operational excellence and high customer satisfaction. The reliability provided by the company’s services makes it a preferred choice among contractors.In the last reported quarter, CACI secured a number of notable contracts. These include a five-year, $209-million single-award by one of the armed services to continue to provide agile development, systems integration, and cloud migration for accounting and financial management systems. It was awarded a five-year task order worth $54 million to provide mission expertise to support the customer in the areas of mathematical, statistical, engineering, physical, and life sciences analysis, and program management.Further, in the last quarter, it won a prime contract position in all 10 pools on the General Services Administration ASTRO indefinite delivery/indefinite quantity contract.CACI also won a prime position on a $575 million, six-year multiple-award, indefinite delivery, indefinite quantity contract, by the U.S. Deputy Chief of Naval Operations. Under the contract, the company will provide enterprise expertise to ensure sailor readiness and help implement a broad transformation of the MyNavy HR information system.These back-to-back wins are key catalysts driving success for the company. CACI has a large pipeline of new projects and continues to win deals at regular intervals. Notably, as of Sep 30, 2021, its total backlog was $23.9 billion.CACI International, Inc. Price and Consensus CACI International, Inc. price-consensus-chart | CACI International, Inc. QuoteZacks Rank & Key PicksCACI currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the broader computer and technology sector are Salesforce CRM, Advanced Micro Devices AMD and Adobe ADBE. While Salesforce sports a Zacks Rank #1 (Strong Buy), Advanced Micro Devices and Adobe carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.Long-term earnings growth rates for Salesforce, Advanced Micro Devices and Adobe are currently pegged at 16.8%, 46.2% and 19.1%, respectively. More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.Click here for the 4 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report, inc. (CRM): Free Stock Analysis Report Adobe Inc. (ADBE): Free Stock Analysis Report CACI International, Inc. (CACI): Free Stock Analysis Report To read this article on click here. Zacks Investment Research.....»»

Category: topSource: zacksNov 10th, 2021

Interview With John Doerr and Ryan Panchadsaram From CNBC’s ESG Impact Conference

Following is the unofficial transcript of a CNBC interview with Kleiner Perkins Chair & “Speed & Scale” Co-Author John Doerr and Fmr. Deputy CTO of the United States & “Speed & Scale” Co-Author Ryan Panchadsaram at CNBC’s ESG Impact conference, which took place today, Thursday, October 28th. Video from the interview will be available at […] Following is the unofficial transcript of a CNBC interview with Kleiner Perkins Chair & “Speed & Scale” Co-Author John Doerr and Fmr. Deputy CTO of the United States & “Speed & Scale” Co-Author Ryan Panchadsaram at CNBC’s ESG Impact conference, which took place today, Thursday, October 28th. Video from the interview will be available at if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get Our Icahn eBook! Get our entire 10-part series on Carl Icahn and other famous investors in PDF for free! Save it to your desktop, read it on your tablet or print it! Sign up below. NO SPAM EVER (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2021 hedge fund letters, conferences and more Interview With John Doerr and Ryan Panchadsaram ANDREW ROSS SORKIN: Thank you, sir and it is great to see both of you. We are, we are with two legends, if you will, for this important conversation about climate and what are really the opportunities to get there. Yeah, John? JOHN DOERR: We're, we're with three legends Andrew. You're one also. SORKIN: You know, I'm just pretending to to be here with you. Let's talk about this because both of you have written a book that's about to come out called “Speed & Scale” and John, you talk about the plan to cut carbon emissions and reach net zero of course by 2050. Everybody's trying to do it. Everybody wants that to be the goal. The question, of course, is how do you get there and you have some ideas. Top level, what's the most important thing that that investors and the folks who are listening need to be thinking about? DOERR: The most important thing that we need is a plan. There are lots of goals. There's lots of ambition. We, we are not on track to meet a net zero goal by 2050. The UN Emissions Gap Report just out in the last couple of days said that if we achieve the pledges from the world's countries, will reduce emissions by 2030 by just 7%. We need to reduce them by 50% to get to a one and a half degrees C world. So this is an existential crisis. It's an economic, unparalleled economic opportunity. And it's, it's really the challenge of our lifetimes. SORKIN: Ryan, you've said that currently the plan doesn't really even begin to get to there to maybe 2070 at best. In terms of the, the public private role that we can have here given your experience in Washington and the valley now, how do you see it what, what is the opportunity set in front of us? RYAN PANCHADSARAM: Totally. So when you look at the plan, right, the book outlines a plan that has six big solutions you know to get to net zero but the plan also includes four different levers that we can pull on, right, everything from winning the policy and politics, right. Government set the direction for how a country should like the future for essentially giving businesses confidence, consumer confidence, but governments have to make those hard commitments Andrew and then follow through on them, but that's just one of the many levers. We have to also turn movements into action from the ballot box to the corporate boardroom, as well as invest and innovate. So these are the four levers that we have. We've got to pull on all four equally. And if we do, we can get to net zero not in 2070, but in that 2050 timeframe. SORKIN: Okay, but John, you break down the, the climate action as far as I can tell in six parts, electrifying transportation, decarbonizing the grid with alternatives like wind, solar nuclear, fixing food, the food industry, protecting nature, cleaning up businesses and removing carbon. You got, you have a slide better yet you brought props. So okay, but let's talk about what's doable in terms of the priority there on that, on that sheet. How you do it, what's, what's the low hanging fruit? What's the hard stuff? DOERR: So this whole plan for our audience is available for free. It fits on one page. It's at And the biggest single thing we can do is decarbonize the grid around the world. That'll eliminate 24 gigatons out of our 59 gigaton target. And that means moving to zero emissions technologies across the board like wind and solar instead of coal and gas. But the key to these six objectives is the magic, the power is in the key results. So for each of these, there's a concrete measurable time bound goal which must be achieved. If we don't achieve that goal, we'll find out early on that we're off track and we can make adjustments. None of these are going to be easy and each of them is a realm all unto itself but the difference between goals and having an action plan is having real key results. SORKIN: Ryan maybe help us with this with it, with his prop as well though. In term he said sort of the low hanging fruit was that was the grid perhaps I don't know how low hanging fruit that is. Let's also talk about the hard stuff on that list. What is the hardest thing on that list in your mind? PANCHADSARAM: Totally. The hardest stuff is actually objective number six, right, removing the carbon that's left but like the 1, 2, 3 punch that gets us almost 80% of the way there is that switching to clean energy, getting gas out of our buildings, switching to electric vehicles, stopping deforestation, right, those just three very concrete things reduce the emissions aggressively but in writing the book, looking at the models, whether it's the IPCC work or our work, we're still gonna be left with five to 10 gigatons of emissions a year in 2050. And so we've got to do the hard thing which is carbon removal, both nature based as well as engineered, and we've got to start doing that now and doing it well. But it shouldn't be the crutch Andrew, right, like companies today, they're making net zero commitments. They can't say, Well, I'm buying offsets. I'm doing carbon removal. For those companies, they first have to look at their emissions, their carbon footprint and say, how do we cut? Then how do we conserve and then and then they can leave on the, lean on the carbon removal pieces. SORKIN: John, I saw a tweet of yours. You said, “In the course of writing this book, I was reminded of a quote that helped inspire the green growth fund.” The quote, “The green economy is poised to be the mother of all markets. It's the economic investment opportunity of a lifetime.” It very well may be one of the great opportunities of a lifetime. The question though is how do you pick which ones are the right opportunities? Because as you know, over the last 20 years, there have been a lot of people who've invested in this space and unfortunately for them, they have lost. DOERR: Well, I think the crucial thing is to be data driven and to go for the gigatons, go for the largest economic opportunities that exist. One of my favorite ones is electrification of transportation and in particular, the holy grail of that revolution is advanced batteries, battery breakthroughs. That's the equivalent of the microprocessor for this new clean energy future. Some estimates are that market is $400 billion per year for 20 years to replace all the internal combustion engines with electric vehicles. If that's not a monster market, I don't know what is. But Larry Fink is on record. He's, he's forecasting that there will be 1,000 unicorns coming out of the climate clean tech energy revolution. I agree with that. SORKIN: Hey Ryan, one of the things I want to ask is effectively a public policy question. PANCHADSARAM: Oh, yeah. SORKIN: One is the question, one is the question of what do you do about China, India and other places that are not doing this let's just say as fast as we may be doing it? The other is, and we're already seeing it right now, the price of oil today is going up materially and there's a debate and discussion now that that may be a function of the fact that we are not either investing fast enough in some of these renewables or we're moving too fast to effectively de-invest in fossil fuels. PANCHADSARAM: Yeah, I’ll take the last one than the first one. So, when you look at oil prices, the fluctuation in gas, that's always what's happened with scarce resources, right. If we invest in more solar and more wind and more battery storage, those are things that are predictable, right. We've gone to wars over the price fluctuations of oil and gas and so to kind of blame it on renewables is pretty unfair. And so when we think about how we navigate this energy crisis, we're going to have to navigate it well, but when you think the 2022 and beyond, it's not about drilling more or finding more gas, it's deploying more clean energy because we can rely on it. On the first piece about the US, China, India and other countries, I think there's something that's pretty clear is that the alpha emitters, like ourselves in the US, we've got to go first, right. We've got to show the world it's possible and in the course of that, and by deploying more clean energy, we get to drive down the costs. The wealthy nations like China and Europe, they got to be on that train as well too, right. There's no more excuses. We've got to lead and the kind of competitive nature here too from a policy side is likely the countries that lead on this transition are going to create the businesses that matter the most around them, right, the valuable ones. And so it is effectively a race. A race who can create and own these markets of the future. SORKIN: Right. Hey John, I noticed it seemed like you wanted to jump in on this very issue and debate around whether we are either de-investing too quickly or investing too slowly. Steve Schwarzman runs Blackstone just warned yesterday he said that he believes this energy shortage, he believes is gonna ultimately lead to unrest and call for government, it will, will result in government intervention perhaps on the other side of the green debate. DOERR: Well, this is a revolution, this and in revolutions, there are winners and there are losers. It's not some kind of green kumbaya party that we're having among all the, all the participants. China made a strategic decision. They said they wanted to own the solar photovoltaic future. And so as a matter of policy, internal demand and global economic leadership, they funded solar manufacturers in every province and in every region and the result today is that they're 80% of the solar market. Now hot on their heels is India. Modi has declared he wants to install 450 gigawatts of solar by 2030. That would make him as large as the US market is for solar and they intend to distribute that globally to be a global supplier and powerhouse. So the energy transition will be rugged. We must though pay attention to environmental justice to make sure that populations that historically have been left behind in this transition have an opportunity to participate in the jobs of the new clean energy future. SORKIN: Right. John, you've always invested in some of the great entrepreneurs of our time so I have an investment and valuation question which is here we have Tesla, which just this week surpassed a trillion dollars in valuation that after Hertz announced it was going to be ordering 100,000 vehicles and I'm curious how you see that valuation. There's a lot of people that are buying into Tesla Inc (NASDAQ:TSLA) and buying into other companies that are in this space because there are so few of them. DOERR: Well, I think the fundamental driving this is the size of the market and the excellence of the product. If you haven't driven a Tesla, people aren't buying Tesla because it's green. They're buying it because it's a great automobile and the powerful thing that Tesla has done beyond creating a trillion dollar company that's worth as much as their next four competitors is they've put the global auto industry on notice that the future of electric transportation is what consumers will demand when we get cost and prices to be competitive globally. For an electric vehicle to prosper in India, you've got to displace an internal combustion vehicle with an average price of $12,000 to $14,000. We are not there yet in terms of batteries and we are not there yet today in terms of the market penetration. Globally, electric vehicles are about 4% of the worldwide fleet. That gives you a sense of how far we have to go and why I think the Tesla bulls are probably right. SORKIN: Probably right so I was gonna ask you is the valuation right that you know you often talk about being a first mover. Their first mover 5, 10 years from now, you want to hope that lots of other automobile makers are also following that lead but the question is how big, how big will the market ultimately be? DOERR: I think ultimately transportation will be electric globally. That's what the Speed & Scale plan calls for. As an anecdote, I think it was just a week ago that Elon was the guest of the leadership of Volkswagen. They want to know how that company moves so nimbly and they are committed to being a global leader. I believe they will be in the transportation future. SORKIN: Ryan, you said that the hardest piece of this is going to be the carbon capture piece and, and it's critical to so many of the plans that are out there to getting us to 2050 the right way. A number of major corporations have also made some pretty ambitious plans that require carbon capture. What are the most promising technologies that you found thus far in that space? PANCHADSARAM: Yeah, the most promising technologies in the carbon removal space, right, like using engineer mechanisms to pull carbon from the sky. You got the direct air capture world, right. This is climate works, carbon engineering, you've got other companies like Charm and Heirloom that are using other approaches as well too. I mean this market is so young Andrew, right, there are barely 4,000 tones that have been actually pulled out from the sky and we've got to get to 5 billion tons. And so the market opportunity here over the course of the next you know two decades is going to be quite incredible. But it's got to start now, right. That market needs to be instigated and the work you're seeing from Microsoft and Stripe and others to pay ahead, right, to pay that green premium for carbon removal because the cost something on the order of like 600 bucks a ton today is what's getting things kick started. We're going to need things like a price on carbon to actually make it, to drive down that actual cost from 600 to 100 to maybe 50 as time goes on and people start to scale these things up. But that's the kind of nut of it, we're going to need it. There's going to be a market there. The companies that are paying ahead are doing the right thing they're instigating but there's also going to have to be truly a cost on polluting carbon that goes towards carbon removal. DOERR: So Andrew, besides— SORKIN: Yes sir. Go ahead. DOERR: I was just gonna say besides, besides the mechanical or engineered approaches, there are natural approaches to remove carbon such as growing greater kelp forests which can rely on the awesome powers of nature to capture and sequester this stubborn carbon that will be leftover. SORKIN: Gentlemen, I want to thank— PANCHADSARAM: One thing I— SORKIN: Go ahead. We're gonna leave it there in about a second but, but let's, tell us the one thing about technology. PANCHADSARAM: Oh yeah, the one thing though to look at too is there are carbon capture technologies when in the use of natural gas and other places but always look at those with a skeptical eye because of the added cost of that compared to the renewable option, the cleaner one, and the truth is you're going to find that the market wins on that side, Andrew. SORKIN: Okay, Ryan and John. The book is called “Speed & Scale.” Appreciate it. Congratulations on the on the book. Hope to see you guys in person very, very soon. Thanks. DOERR: Let's do that. Updated on Oct 28, 2021, 3:34 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalkOct 29th, 2021

Imprisoned Kremlin critic Alexei Navalny wins EU"s top human rights prize over his fight against Putin

Awarding Alexei Navalny the prestigious human rights prize marks a symbolic rebuke of Vladimir Putin, who has been at odds with the EU for years. Russian opposition politician Alexei Navalny takes part in a rally in Moscow. REUTERS/Shamil Zhumatov Alexei Navalny won the EU's top human rights prize over his efforts to challenge Putin. Navalny was poisoned last August and subsequently thrown in prison. He has continued to criticize Putin while behind bars. Imprisoned Russian opposition leader Alexei Navalny on Wednesday won the European Union's top human rights prize over his efforts to shine a light on corruption under Russian President Vladimir Putin. The award - the Sakharov Prize for Freedom of Thought - is named after the Soviet dissident Andrei Sakharov. Past recipients of the prize include the late South African President Nelson Mandela and Pakistani activist Malala Yousafzai. Given he's in prison, Navalny is unlikely to be able to receive the $59,000 prize in person at the award ceremony in Strasbourg in mid-December. Awarding Navalny the prestigious human rights prize marks a symbolic rebuke of Russian President Vladimir Putin, who has been at odds with the EU for years - particularly since Russia's unilateral annexation of Crimea in 2014. Navalny is Putin's most prominent critic. "Alexei @navalny is the winner of this year's #SakharovPrize. He has fought tirelessly against the corruption of Vladimir Putin's regime. This cost him his liberty and nearly his life. Today's prize recognises his immense bravery and we reiterate our call for his immediate release," David Sassoli, the president of the European Parliament, said in a tweet. -David Sassoli (@EP_President) October 20, 2021-EPP Group (@EPPGroup) October 20, 2021-Rehanna Jones (@RehannaJB) October 20, 2021Navalny, who is able to use social media via his lawyers, thanked the EU for the award via Twitter on Thursday."I dedicate my prize to all kinds anti-corruption fighters around the world: from journalists to lawyers, from officials (there are some, yes) and deputies to those who take to the streets to support this fight. I wish them perseverance and courage even in the scariest of moments," Navalny said. He described the award as an "honor" and a "great responsibility.""I am just one of those many who fight corruption, because I consider it not only as the cause of poverty and degradation of states, but also as the main threat to human rights," Navalny added. "'Money loves silence,' as those throw people into prisons all over the world, torture them, deprive them of the right to a fair trial and fair elections, love to repeat."Navalny was poisoned with the Soviet era nerve agent Novichok last August while in Siberia, and almost died. He was taken to Germany for treatment not long after.The anti-corruption campaigner returned to Moscow in January, and was promptly arrested. He was charged with violating the terms of his parole over a 2014 fraud conviction. This included missing parole meetings while he was hospitalized in Germany after being poisoned. Navalny in February was sentenced to 2 1/2 years in prison, in a move widely regarded as politically motivated.Putin, whose critics often end up dying in violent or mysterious ways, has been accused by leaders worldwide of orchestrating Navalny's poisoning. The Russian leader has denied any involvement. In March, the Biden administration slapped sanctions on Russian officials over Navalny's poisoning.Navalny's imprisonment has also led to global condemnation, and prompted mass protests in Russia. He's suffered from health problems while behind bars, and went on a weekslong hunger strike earlier this year. The US has warned Putin that there will be severe consequences if Navalny dies while imprisoned. In June, Navalny's top aide told Insider that Putin was "dumb" to put him in prison because it turned the opposition leader into a symbol for people to rally behind. Navalny has continued to criticize Putin while in prison, at one point denouncing the Russian president as a "naked king" clinging to power. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 21st, 2021

The best wildlife photos of the year show a curious grizzly, dueling reindeer, and fish swimming through a cloud of sperm

Climate change is transforming the landscapes around predators, fish, and birds, but they all still spawn, fight for mates, and care for their young. Laurent Ballesta/Wildlife Photographer of the Year The London Natural History Museum's Wildlife Photographer of the Year contest awards images that showcase the diversity and fragility of life. This year, the contest drew a record of more than 50,000 entries from photographers in 95 countries. The winning photos show reindeer fighting over mates, seals giving birth, and a mountain gorilla enjoying the rain. The camouflage grouper is declining due to overfishing, but each July, beneath a full moon, the fish begin to multiply.For five years, biologist Laurent Ballesta has returned to a lagoon in Fakarava, French Polynesia every July to photograph the groupers spawning. He and his team dove night and day to capture photos of the fish darting through clouds of eggs and sperm, which mix and fertilize in the warm tropical waters.The above photo, which Ballesta calls "Creation," is the result of that effort, and it won the prestigious Grand Title award in the 2021 Wildlife Photographer of the Year contest. The competition, developed and produced by the Natural History Museum in London, aims to showcase the diversity and fragility of the planet's wildlife. The museum announced its winners on Tuesday.This year, the contest drew more entries than ever before - more than 50,000 photos from photographers in 95 countries. But "Creation" stood out."The image works on so many levels. It is surprising, energetic, and intriguing and has an otherworldly beauty," Roz Kidman Cox, who chaired the judges panel, said in a statement. "It also captures a magical moment - a truly explosive creation of life - leaving the tail-end of the exodus of eggs hanging for a moment like a symbolic question mark."Other winning photos across 19 categories reveal the devastation of climate change and environmental destruction. They show dead coral, melting sea ice, and dwindling animal populations. But many are also snapshots of persistence: creatures procreating, fighting for mates, and caring for their young.A photo of an inconspicuous spider won the contest's Grand Title for youth photographers Vidyun R Hebbar/Wildlife Photographer of the Year Vidyun Hebbar, age 10, was exploring a theme park near his home in Bengaluru, India, when he spotted a tent spider in a gap in a wall. The tiny creature was perched upside down in a dome-shaped web it had woven across the wall.He held up his camera and clicked as a tuk tuk passed by. The motorized rickshaw made a colorful background for the spider and its intricate silk web."The jury loved this photo from the beginning of the judging process. It is a great reminder to look more closely at the small animals we live with every day, and to take your camera with you everywhere," Dr. Natalie Cooper, a researcher at the Natural History Museum who sat on the judges panel, said in a statement.A hungry grizzly bear made eye contact with the camera before trashing it Zack Clothier/Wildlife Photographer of the Yea US photographer Zack Clothier thought these wild elk remains might attract a grizzly bear. So he set up his camera nearby and retreated. When he came back, he found his setup trashed.This image, with the grizzly eyeballing the camera, was the last one snapped."Your eye goes to the rib cage, moves to the antlers and then gets a jolt from the great grizzly head looming into view," Cox said. "It is a story picture - the harsh winter environment, the bear emerging from its hibernation den to make use of what food it can find. But what gives it the edge is the bear's expression. You cannot help smiling."An aerial image of seals giving birth on melting ice shows blood, new life, and impending doom Jennifer Hayes/Wildlife Photographer of the Year US photographer Jennifer Hayes spent hours on a helicopter searching for these harp seals' birthing grounds. As they came into view, her camera captured the scattered seals and the smears of blood their births had left on the ice."It was a pulse of life that took your breath away," Hayes said in a statement.But the ice beneath the seals is fragmenting. As Arctic air and oceans get warmer, northern sea ice is becoming more scarce. That's likely to cause major disruptions and population crashes for animals that rely on the ice."What an impactful picture - a record of both birth and imminent disaster," Cox said. "Adult harp seals give scale to this frozen sea stained with the blood of new life that is cracking apart too early, indicating the likely carnage to come as the ice melts and the pups, in their fluffy white coats, drown - a drama representative of the climate emergency."For those reasons, Hayes's photo won the contest's Oceans category.A venomous spider guarded its brood beneath a photographer's bed Gil Wizen/Wildlife Photographer of the Year Gil Wizen noticed tiny spiders swarming in his bedroom one day. When the photographer peeked under his bed, he found the culprit: a Brazilian wandering spider the size of his hand. One of the world's most venomous spiders had laid and hatched its eggs right below his place of rest.Wizen captured the scene before relocating the spider outside.One photographer returned to an old subject, only to find it dead David Doubilet/Wildlife Photographer of the Year David Doubilet has been taking his camera diving among corals for 30 years. In those decades, the reefs around him have changed. Many are dying as the oceans absorb the carbon dioxide humans are pumping into the atmosphere. That makes oceans more acidic, and the warming climate raises the water temperature at the same time.The coral colonies in this photo didn't survive. When the tiny animals that make up the coral - called polyps - died, that left the coral bleached.Doubilet returned to this coral skeleton with a photograph of its living form from nine years earlier.A white-tailed kite tried to teach its offspring how to woo a mate Jack Zhi/Wildlife Photographer of the Year The younger California bird was trying to take a live mouse from the claws of its father while hovering in mid-air, according to photographer Jack Zhi. This is how the juvenile must eat until it can hunt for itself. The exchange is also practice for future courtship, when a male bird offers prey to a female.This gold-speckled youngster had only been flying for two days. It clumsily tried to reach its claws up to take the mouse, but didn't quite get the prize. It learned quickly, though, and circled around to grab its prey from behind the older bird.Other creatures were fighting for the right to woo Angel Fitor/Wildlife Photographer of the Year The colorful pair of male cichlid fish in this image are facing off, jaw to jaw, over a female hiding in a snail shell, ready to lay eggs. Photographer Angel Fitor spent three weeks diving to the bottom of Lake Tanganyika, an enormous freshwater lake at the center of Africa, looking for such cichlid fish fights. This one lasted just seconds.Dueling reindeer also battled over females Stefano Unterthiner/Wildlife Photographer of the Year During the rutting season in the Norwegian archipelago of Svalbard, male reindeer clash antlers over harems of females. These two fought until the dominant male, on the left, chased his rival away.Photographer Stefano Unterthiner said in a statement that he felt immersed in "the smell, the noise, the fatigue, and the pain."The Svalbard subspecies of reindeer is unique to that area. But on the island, climate change has led to increased rainfall, which can freeze on the ground and block reindeer from eating the plants that are usually accessible through soft snow.On an island within an island, a red fox scavenged for dead salmon Jonny Armstrong/Wildlife Photographer of the Year This animal is one of two foxes living on a small island in Karluk Lake, which is nested in Alaska's Kodiak Island. Photographer Jonny Armstrong followed the fox for several days as she pounced at birds, ate berries, and even nipped at the heels of a young brown bear.Then a storm began to roll in, bringing a somber backdrop. As the vixen scanned the shallows for sockeye salmon that had died after spawning, Armstrong laid on his stomach at the water's edge to capture her focused gaze.The winner in the portraits category shows a mountain gorilla at peace in the rain Majed Ali/Wildlife Photographer of the Year The gorilla, named Kibande, is almost 40 years old. He's a member of a dwindling subspecies of eastern gorilla. Just two populations of these mountain gorillas remain in the wild - one in the Virunga volcanoes of the Democratic Republic of the Congo, and one in Uganda's Bwindi forest. They're threatened by poaching, habitat destruction, and disease.Photographer Majed Ali trekked four hours uphill in his attempt to photograph Kibande."The more we climbed, the hotter and more humid it got," Majed said in a statement.As rain began to fall and cool the air, Kibande closed his eyes and let the droplets fall over his face.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 12th, 2021

Netflix"s (NFLX) Series Dominate Busan"s Asia Content Awards

Netflix's (NFLX) Move to Heaven and Sweet Home win big at the 3rd Asia Contents Awards (ACA), showcasing the international content popularity of the streaming service. Netflix’s NFLX content portfolio is firing on all cylinders which is evident from the numerous accolades and awards it has been receiving across languages and genres including 44 Emmys wins in total this year.  Recently, the streaming giant’s original Korean shows Move to Heaven and Sweet Home emerged as the biggest winners, winning three awards each at the 3rd Asia Contents Awards (ACA).ACA is an annual award launched by the Asian Contents & Film Market of the Busan International Film Festival (BIFF) in 2019 to recognize excellence in TV, OTT (online video streaming platform) and web content throughout Asia.Move To Heaven, which was released on May 14, tells the story of a trauma center cleaner who throws away the belongings of a person who has recently died. The series won the Best Creative Award along with the best writer for Yoon Ji-ryun and best actor for Lee Je-hoon.Director Lee Eung-bok's monster horror series Sweet Home took home the best technical drama award, while actress Go Min-si won the best newcomer award, and actor Song Kang won the ACA Excellence award, which is given to artists who have contributed in the Asian region.Besides, the second season of Girl From Nowhere, a Netflix original series made in Thailand won the best Asian TV series award. The best OTT original title went to The Long Night, produced by iQiyi from China.Chinese actress Song Jia in A Little Dilemma won the best actress award, while Japanese actor Morisaki Win was awarded the best newcomer award for her performance in The Real Thing.Open Talk sessions held at the event covered Netflix series Hellbound and My Name, which are both part of the festival’s new On-Screen sidebar.Netflix’s Attempt to Boost Asian Subscriber GrowthNetflix is keen on local language series and film programming, which have been gaining immense popularity both locally and on a global scale. The company had previously disclosed that it ended 2020 with 3.8 million subscribers in Korea.The streaming giant recently rolled out the official merchandise for Squid Game on its owned-and-operated online retail outlet,, to capitalize on the unexpected success of the South Korean survival thriller.Netflix revealed the first looks of new Korean shows like The Hungry and the Hairy, The Silent Sea (sci-fi mystery thriller starring Bae Doona and Gong Yoo), and Single’s Inferno at the global fan event, Tudum held in September.In 2022, legal drama Juvenile Justice with Korean star Kim Hye-soo in the lead and zombie horror series All Of Us Are Dead will be released in January. Romance drama Love and Leashes will be released in February.The popularity of Japanese dramas is also on the rise, thanks to recent hits like Alice in Borderland, which topped Netflix charts and has already signed up for a second season.About 5 million Japanese households subscribed to Netflix in the second quarter, and they're about to get a lot more anime content in the rest of 2021.This company plans to release 40 new anime titles this year, double the number it released last year, in an attempt to compete with rival Japanese streaming platforms like Crunchyroll and Funimation, both of which have fewer subscribers but a far more fervent anime fan base.Netflix’s large investments in Asian originals come at a time when Asia — and Japan in particular — are becoming increasingly important to the streamer’s growth prospects as new sign-ups in North America and Western Europe have decelerated due to stiff competition from the likes of Disney’s DIS Disney+, Apple’s AAPL Apple TV+ and Comcast’s CMCSA Peacock among others. Time to Invest in Legal Marijuana If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027. After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%. You’re invited to check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.Today, Download Marijuana Moneymakers FREE >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Apple Inc. (AAPL): Free Stock Analysis Report Comcast Corporation (CMCSA): Free Stock Analysis Report Netflix, Inc. (NFLX): Free Stock Analysis Report The Walt Disney Company (DIS): Free Stock Analysis Report To read this article on click here. Zacks Investment Research.....»»

Category: topSource: zacksOct 12th, 2021

Boutique KC property ranks among 50 best hotels in the world, No. 1 in Midwest

21c Museum Hotel Kansas City has won its share of accolades since opening in 2018, but this new ranking takes the cake. Here's a look at a few reasons why the 120-room hotel scored the prestigious global award......»»

Category: topSource: bizjournalsOct 6th, 2021

Uptake CEO Keywell wins EY World Entrepreneur award

Chicago tech veteran Brad Keywell just became the third EY World Entrepreneur Of The Year award winner from the United States. Keywell took home the prestigious honor in Monaco on Saturday, beating out hundreds of participants from nearly 50 countr.....»»

Category: topSource: bizjournalsJun 10th, 2019

Ferrari 335S wins Best of Show at Concorso d‘Eleganza Villa d’Este 2018

Ferrari 335S wins Best of Show at Concorso d‘Eleganza Villa d’Este 2018 $RACE Last Sunday, a 1958 Ferrari 335S from Austrian collector Andreas Mohringer won the prestigious Best of Show award at the 201.....»»

Category: topSource: livetradingnewsMay 30th, 2018

Portland Business Journal wins top overall news honors in regional competition

The Portland Business Journal landed honors in five categories during an awards ceremony that honored top Pacific Northwest newsrooms. Primarily, the PBJ landed the general excellence award, the top honor, from the Pacific Northwest's Society of P.....»»

Category: topSource: bizjournalsJun 22nd, 2018

United Airlines wins at Cannes for innovative taxi tops

United Airlines’ clever taxi-top marketing gambit last year in New York City was not only timely and eye-catching.  It also turned out to be an award-winning entry in the prestigious annual Cannes Lions International Festival of Creativity late.....»»

Category: topSource: bizjournalsJul 2nd, 2018

Health Care Heroes: Longtime health care advocate Susan Gerard wins Lifetime Achievement award

She's mission driven and has worked tirelessly to provide equal access to quality health care. Meet the Business Journal's 2022 Health Care Heroes Lifetime Achievement winner......»»

Category: topSource: bizjournals17 hr. 56 min. ago

Will Builders FirstSource (BLDR) Earn Profits Amid Inflation?

A solid housing demand, buyouts synergies and digital solutions are driving Builders FirstSource (BLDR) amid inflation and housing demand woes. The Zacks Building Products – Retail industry has been ailing from decades high inflation related to raw materials, transportation expenses and supply-related challenges. The industry is directly linked to the housing market and will face slow demand shortly as homebuilders are experiencing softening housing demand.Defying these odds, Builders FirstSource, Inc. BLDR is likely to gain in the future on the back of its focus on innovations and digital solutions for customers, cost synergies and strategic acquisitions. BLDR will also likely to benefit from its industry-leading platform, national network, operating model and repair & remodeling activities.Shares of this manufacturer and supplier of building materials have gained 40.1% over a year versus the industry’s 3.8% growth and the Zacks Retail-Wholesale sector’s 17.3% fall.The price performance was backed by a solid earnings surprise history, having surpassed the Zacks Consensus Estimate in the trailing 16 quarters. Earnings estimates for 2022 have moved higher to $14.72 per share from $12.30 over the past 30 days, depicting analysts’ optimism over BLDR’s prospects. The company currently has a VGM Score of A, supported by both a Value, Growth and Momentum Score of A.Image Source: Zacks Investment ResearchLet’s delve deeper into the factors supporting this Zacks Rank #3 (Hold) company’s growth trajectory. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Robust Q2 Results & Prospect: Builders FirstSource recently reported impressive second-quarter 2022 results, wherein adjusted earnings increased 126.8% and net sales grew 24.2% on a year-over-year basis. Core organic sales grew 12.2% from the prior-year quarter as commodity price inflation contributed 3.9% to net sales. Acquisitions added 8.1% to net sales growth. The upside was led by solid demand for its products amid supply woes. Gross margin and adjusted EBITDA margin expanded 640 and 680 basis points, respectively.For 2022, the company expects multi-family starts growth in low double-digits and R&R to improve low-to-mid single digits. Earlier, it expected multi-family starts to grow in low-to-mid single digit.The Zacks consensus mark for 2022 net sales is pegged at $21.88 billion, reflecting 10% year-over-year growth. The same for earnings suggests 42.6% growth from the year-ago figure of $10.32 per share.Buyout Synergies: Builders FirstSource remains focused on systematic acquisitions to supplement organic growth and expand across vast geographic boundaries. The company’s first selective targets are those entities manufacturing prefabricated components such as factory-built roof and floor trusses, wall panels, stairs, engineered wood and other value-added products such as vinyl windows and millwork. Secondly, Builders FirstSource intends to enter some of the homebuilding markets wherein it does not currently operate. So far in 2022, the company acquired three companies.On Jul 1, it made a tuck-in acquisition of HomCo Lumber and Hardware. HomCo is a highly-profitable distributor in the attractive Flagstaff, AZ market, with low customer concentration and a diverse product mix. HomCo generated approximately $44 million in sales in 2021.BLDR expects acquisitions, completed within the last twelve months, to add net sales growth of 6-7% in 2022.Focus on Innovations & Digital Solutions: Builders FirstSource remains focused on investing in innovations and enhancing digital solutions for customers. The company’s digital strategy includes three major areas: firstly, to focus on internal processes and productivity by investing in technology to drive operational efficiency and excellence; to help streamline interactions with vendors and customers; and to focus on external innovation and investment to offer value-added digital products and services that support customers' success and growth.The company has been deploying Paradigm Estimate, which it continues to roll out across its operations, to provide faster and more accurate customer quotes. Till June 2022, BLDR completed 4,500 take-off estimates on customer plans and the adoption will continue to accelerate. This process also provides a foundation for configurable visualization technology and improved design and construction efficiency for homebuilders. Also, it completed agreements with SnapADU and Creative Homes for the configurable visualization tool, adding nearly 300 annual starts.Focus on Productivity: Builders FirstSource expects to deliver more than $100 million in productivity savings in 2022 by continuing to leverage its BFS 1-TEAM Operating System. In the long term, the company expects a 3-5% of annual productivity improvement as the company has been working hard to leverage best practices and technology, enabling it to become more efficient and productive in serving customers.Given the productivity gains, BLDR continues to expect its base business to deliver a 10% CAGR on the top line, a 15% adjusted EBITDA CAGR, and a 50 basis points (bps) per year improvement in adjusted EBITDA margin for a total of 200 bps of improvement by 2025.The company’s expected base business performance of 2022 is already ahead of these targets. As a result of this performance, the company expects to have $7-$10 billion of capital to deploy through 2025. This includes this year's planned capital investments in innovation and organic growth, along with M&A and share repurchases. The company continued its focus on achieving higher operating leverage on the back of higher sales and robust expense controls by offsetting higher variable costs. Builders FirstSource is focused on cost-saving initiatives and implementing various plans for the same. Owing to this, the company is expected to provide greater resources to invest in growth, innovation and non-stop value creation for all its shareholders.Some Better Ranked Stocks in the Retail-Wholesale SectorTecnoglass, Inc. TGLS manufactures and sells architectural glass and aluminum products for the residential and commercial construction industries.TGLS currently sports a Zacks Rank #1. The company surpassed earnings estimates in each of the trailing four quarters, with an average of 24.4%.Ulta Beauty, Inc. ULTA, with a Zacks Rank #2, has a trailing four-quarter earnings surprise of 49.8%, on average.The Zacks Consensus Estimate for ULTA’s second-quarter fiscal 2022 earnings per share is pegged at $4.86. The consensus estimate for earnings has risen 0.4% over the past seven days.Costco Wholesale Corporation COST currently has a Zacks Rank #2. It sells high volumes of foods and general merchandise (including household products and appliances) at discounted prices through membership warehouses.Costco’s expected earnings growth rate for the current year is 18.2%. The Zacks Consensus Estimate for Costco’s current-year earnings has improved 0.2% over the past 30 days. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Costco Wholesale Corporation (COST): Free Stock Analysis Report Ulta Beauty Inc. (ULTA): Free Stock Analysis Report Builders FirstSource, Inc. (BLDR): Free Stock Analysis Report Tecnoglass Inc. (TGLS): Free Stock Analysis Report To read this article on click here. Zacks Investment Research.....»»

Category: topSource: zacksAug 17th, 2022

Climate Concerns and Air Travel Chaos Are Reviving Europe’s Overnight Trains. Here’s What It’s Like On Board

Climate concerns and travel chaos are souring Europeans on flying. Can overnight train travel go the distance? On a sweltering Sunday evening in late July, Klaydy Buchsbaum boarded a train bound for Vienna at Paris’s Gare de l’Est, slid open the door to compartment 412, tossed her hat onto the upper bunk for her overnight journey and got down to the serious work of maneuvering her oversized lavender suitcase into place. “Flights were so expensive, and with all the chaos in flying right now, I didn’t want to get stuck in an airport somewhere. And I didn’t want my bag to get lost,” she said. With a final push, she wedged the behemoth beneath her seat. “As my husband always says, I’m not the kind of person who travels with just a small carry-on.” [time-brightcove not-tgx=”true”] This summer’s air travel chaos has added another reason why a growing number of European travelers are opting for the rails. But a key factor—and the one behind a number of public and private initiatives to bring back overnight trains—is concern over climate change. Journeys by rail can emit as little as one fifth the greenhouse gasses as flights, which is why railway companies, national governments and E.U. bodies cite reducing emissions as a reason for re-establishing a network of overnight medium-distance rail lines that once connected the continent. Yet for all the demand and effort, those initiatives still have a long way to go. Read More: Why Air Travel Is Hell This Summer Europe’s night train network began eroding in the 1990s. As low-cost airlines like easyJet and Ryanair emerged, demand for overnight trains evaporated. By 2019, both Germany and Switzerland had sold off or shut down their night connections altogether, and the total number of passenger night trains in Europe had decreased from around 1,200 per week in 2001 to about 450. The dismantling made it difficult for even the most determined passenger to book a cross-continental ticket; today anyone hoping to travel by train from, say, Copenhagen to Barcelona, would have to cobble together their own ticket by navigating a bewildering thicket of national timetables and websites, and then change trains anywhere from three to eight times along the two-day journey. One national company has begun in recent years to take steps to revive overnight trains. Citing growing concern about climate change, Austria’s state-owned railway ÖBB bought up some of the old international lines in 2016 and began launching overnight journeys at a rate of about one per year. The Paris-Vienna Nightjet began running in December 2021. In 2019, those efforts got an important boost when flygskam—the Swedish word for “flight shame”—burst into public consciousness around the world, thanks to activist Greta Thunberg. And they swelled again this summer when widespread staff shortages resulted in a turbulent season of canceled flights and lost luggage. “Before corona, we were always full during summer months and during weekends and that was it,” says Bernhard Rieder, director of media relations for ÖBB. “This year, from Easter, we’ve been completely full on all lines every day. We get a lot of complaints from people who say ‘we hardly have a chance to get a seat or a bed’.” Some start-ups have been paying attention. In 2019, growing criticism over carbon-spewing flights coupled with the lack of convenient cross-border rail options, prompted businessmen Adrien Aumont and Romain Payet to found Midnight Trains. It’s a private company that, when it is up and running, promises to connect 10 European cities from its hub in Paris with transport that is more like a hotel on rails than a traditional night train. “This is a product that hasn’t been reinvented for the last 20 to 30 years,” says Payet. “So we started working together on how to reinvent the night train to make it the most sustainable and comfortable way to travel across Europe.” Christian Charisius—Picture-Alliance/dpa/APA compartment on the Nightjet train that operates on the Vienna/Innsbruck to Hamburg route, July 11, 2022. When Midnight Trains launches its first line in 2024, there will be easy online booking and refunds, a dining car serving recipes designed by a Michelin-starred chef and a range of accommodations—all of them private and outfitted with real beds and linens. Read More: Going on Vacation This Summer? Welcome to the ‘Revenge Travel’ Economy There are complications for both public and private night train initiatives. Prices are one: in late July, a one-way Paris-Vienna Nightjet ticket for a berth in a four- or six-person couchette cost around 154 euros (the exact costs vary by date and amenities), which was slightly more than plane tickets at that point. Part of the discrepancy is a disadvantage built into the European pricing structure: airline tickets are exempt from VAT but rail ones are not. And of course, a rail journey is significantly longer. Passengers boarding the Nightjet avoid the schlep to an airport and snaking security lines. But the trip from Paris to Vienna still takes 14 hours versus 2.5 by plane. Some of that is down to rail traffic that forces trains to sit idle—sometimes for as long as 45 minutes—on the tracks. “People have this perception that the tracks are empty, but that’s not true,” says ÖBB’s Rieder. At night, the tracks are crowded with slow freight trains, which makes competition fierce to get a spot on the tracks. There are also technical and juridical reasons for the frequent delays. The specifications of engine cars still vary from country to country and therefore often need to be changed at border crossings due to different power supplies and safety regulations. Once the trains stop, authorities frequently use the opportunity to board and inspect passenger passports—even within the border-free Schengen area that covers some 26 European countries. “We’re trying to buy locomotives that will be interoperable between countries so we don’t have to stop at the border, but the manufacturers are saying they won’t have those ready until 2026 or ‘27,” says Payet from Midnight Trains. Meanwhile, the company is also working on a system that would allow passengers to upload identity documents before traveling, just as airlines do. Many of these issues are addressed in the European Commission’s Action Plan that was approved at the end of 2021. It calls for the introduction of a Europe-wide ticketing system that would allow passengers to easily piece together international trips, infrastructure investments that would remove the need for locomotive changes at the border and a reconsideration of VAT charges. But even the target adoption date of the end of this year for the digital booking system has already been pushed back into the second half of 2023. “It’s not something that’s easy,” says Adalbert Jahnz, European Commission spokesperson for transport. “We’ve got 25 networks on the European level, which are pretty complex.” Jahnz says the E.U. has made headway by directing 50 billion euros of its COVID-19 recovery funds to rail and passing legislation that creates Europe-level certification for rail infrastructure. Meanwhile, the E.U.’s goal of cutting carbon emissions by 55% by 2030, and reaching the more ambitious target of net zero by 2050, has been a boon for rail. During the pandemic, France and Austria made bailout money to their respective national airlines contingent on phasing out domestic flights under three hours, and since then, France has outright banned short haul flights if rail or bus alternatives exist. The energy crisis has also provided a boost: this summer, Germany reduced all domestic rail tickets to 9 euros for 3 months, while Spain made regional and commuter trains free between June and August. Yet from the rail companies point of view, huge obstacles remain to meeting Europeans’ demand for rail travel, and the greatest is the lack of carriages—what the rail industry calls “rolling stock”—as the relatively few remaining manufacturers grapple with increased demand. “There are no new cars or even used cars available on the market,” says ÖBB’s Rieder. “In 2018, we ordered 33 complete new train sets. And they won’t be delivered until the middle of next year.” The shortage of rolling stock helps explain why Midnight Trains won’t debut its first line, which Payet expects to be from Paris to northern Italy, until the second half of 2024. “When you look at the manufacturing sector, all of the big ones have backlogs for the next 10 years just from the national companies,” says Payet. “And if you’re a small, private company trying to get in [to the industry], they basically tell you, we’re full until 2028.” The lack of new carriages also explains why certain amenities that could make overnight trains more appealing to travelers, like WiFi and plentiful electrical outlets, are missing on the Nightjet. Most of the cars are now 25 or 30 years old. But Buchsmann, who enjoyed the simple breakfast that attendants bring to each passenger and liked having the chance to socialize over wine with the other women in her all-female compartment aboard, says she would eagerly take the Paris-Vienna Nightjet again. Still, she admits, she didn’t sleep all that well. “The beds were a little hard,” she says. A couple of compartments away on the Nightjet, Jean-Baptiste Fouvry also had a relatively sleepless journey. On his way to a professional conference in Vienna, the 32-year-old had opted for a seat instead of a berth, and spent the night upright with five others in a crowded compartment. As an environmentally-conscious scientist at Paris’ Institute of Astrophysics, he still didn’t regret his decision to travel by train. “If you care about climate change,” he says in reference to the journey, “it’s not sufficiently horrible enough not to do.”.....»»

Category: topSource: timeAug 16th, 2022

Intel elects Tan Lip-Bu as board director to assist IDM2.0 transformation

Intel Corporation has announced that Tan Lip‑Bu, the 2022 recipient of a prestigious award from the Semiconductor Industry Association (SIA), will join the company's board of directors starting September 1, 2022......»»

Category: topSource: digitimesAug 15th, 2022