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University of Hawaii West Oahu introduces new nursing pathway

The new program was created to address Hawaii’s nursing shortage by increasing access to baccalaureate education on Oahu's west side......»»

Category: topSource: bizjournalsAug 5th, 2022

The 20 best books of 2021, according to Book of the Month readers

Every year, Book of the Month crowns the best book of the year in November. Here are all the 2021 nominees, based on readers' favorites. When you buy through our links, Insider may earn an affiliate commission. Learn more. Every year, Book of the Month crowns the best book of the year in November. Here are all the 2021 nominees, based on readers' favorites. Amazon; Bookshop; Alyssa Powell/Insider Book of the Month sends great books from emerging authors directly to subscribers. At the end of each year, readers vote for their favorite books they read through the service. Here are the 20 most loved BOTM selections of 2021. The winner will be announced on November 11. Book of the Month sends new and noteworthy books - often before they become popular - to subscribers each month. In the past, the company has picked hits such as "The Great Alone" by Kristin Hannah, "Pachinko" by Min Jin Lee, and "The Girl With the Louding Voice" by Abi Daré to bring to its readers.Membership (small)At the end of the year, the club's thousands of subscribers vote on the best books they read through the service, making it a more curated version of Goodreads' best books of the year. For example, the 2020 winner was "The Vanishing Half" by Brit Bennett, which also won the 2020 Goodreads award for Best Historical Fiction.Below, you'll find a reading list of the top 20 books of 2021 according to Book of the Month readers. Book of the Month will announce the best book of 2021 on November 11, awarding the winning author a $10,000 prize. The 20 best books picked by Book of the Month in 2021, according to its readers:Descriptions are provided by Amazon and edited lightly for length and clarity. "Things We Lost To The Water" by Eric Nguyen Bookshop; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $13.99When Huong arrives in New Orleans with her two young sons, she is jobless, homeless, and worried about her husband, Cong, who remains in Vietnam. As she and her boys begin to settle into life in America, she sends letters and tapes back to Cong, hopeful that they will be reunited and her children will grow up with a father.But with time, Huong realizes she will never see her husband again. While she attempts to come to terms with this loss, her sons, Tuan and Binh, grow up in their absent father's shadow, haunted by a man and a country trapped in their memories and imaginations. As they push forward, the three adapt to life in America in different ways: Huong gets involved with a Vietnamese car salesman who is also new in town; Tuan tries to connect with his heritage by joining a local Vietnamese gang; and Binh, now going by Ben, embraces his adopted homeland and his burgeoning sexuality. Their search for identity — as individuals and as a family — threatens to tear them apart, un­til disaster strikes the city they now call home, and they are suddenly forced to find a new way to come together and honor the ties that bind them. "Imposter Syndrome" by Kathy Wang Bookshop; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $16.59Julia Lerner, a recent university graduate in computer science, is living in Moscow when she's recruited by Russia's largest intelligence agency in 2006. By 2018, she's in Silicon Valley as COO of Tangerine, one of America's most famous technology companies. In between her executive management (make offers to promising startups, crush them and copy their features if they refuse); self-promotion (check out her latest op-ed in the WSJ, on Work/Life Balance 2.0); and work in gender equality (transfer the most annoying females from her team), she funnels intelligence back to the motherland. But now Russia's asking for more, and Julia's getting nervous.Alice Lu is a first-generation Chinese-American whose parents are delighted she's working at Tangerine (such a successful company!). Too bad she's slogging away in the lower echelons, recently dumped, and now sharing her expensive two-bedroom apartment with her cousin Cheri, a perennial "founder's girlfriend." One afternoon, while performing a server check, Alice discovers some unusual activity, and now she's burdened with two powerful but distressing suspicions: Tangerine's privacy settings aren't as rigorous as the company claims they are, and the person abusing this loophole might be Julia Lerner herself. The closer Alice gets to Julia, the more Julia questions her own loyalties. Russia may have placed her in the Valley, but she's the one who built her career; isn't she entitled to protect the lifestyle she's earned? Part page-turning cat-and-mouse chase, part sharp and hilarious satire, "Impostor Syndrome" is a shrewdly-observed examination of women in tech, Silicon Valley hubris, and the rarely fulfilled but ever-attractive promise of the American Dream. "The Lost Apothecary" by Susan Penner Amazon; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $13.99Hidden in the depths of 18th-century London, a secret apothecary shop caters to an unusual kind of clientele. Women across the city whisper of a mysterious figure named Nella who sells well-disguised poisons to use against the oppressive men in their lives. But the apothecary's fate is jeopardized when her newest patron, a precocious 12-year-old, makes a fatal mistake, sparking a string of consequences that echo through the centuries.Meanwhile, aspiring historian Caroline Parcewell spends her 10th wedding anniversary alone in present-day London, running from her own demons. When she stumbles upon a clue to the unsolved apothecary murders that haunted London 200 years ago, her life collides with the apothecary's in a stunning twist of fate — and not everyone will survive. "This Close To Okay" by Leese Cross-Smith Bookshop; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $15.62On a rainy October night in Kentucky, recently divorced therapist Tallie Clark is on her way home from work when she spots a man precariously standing at the edge of a bridge. Without a second thought, Tallie pulls over and jumps out of the car into the pouring rain. She convinces the man to join her for a cup of coffee, and he eventually agrees to come back to her house, where he finally shares his name: Emmett. Over the course of the emotionally charged weekend that follows, Tallie makes it her mission to provide a safe space for Emmett, though she hesitates to confess that this is also her day job. What she doesn't realize is that Emmett isn't the only one who needs healing — and they both are harboring secrets.Alternating between Tallie and Emmett's perspectives as they inch closer to the truth of what brought Emmett to the bridge's edge — as well as the hard truths Tallie has been grappling with since her marriage ended — "This Close to Okay" is an uplifting, cathartic story about chance encounters, hope found in unlikely moments, and the subtle magic of human connection. "We Are the Brennans" by Tracey Lange Bookshop; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $19.49When 29-year-old Sunday Brennan wakes up in a Los Angeles hospital, bruised and battered after a drunk driving accident she caused, she swallows her pride and goes home to her family in New York. But it's not easy. She deserted them all — and her high school sweetheart — five years before with little explanation, and they've got questions.Sunday is determined to rebuild her life back on the east coast, even if it does mean tiptoeing around resentful brothers and an ex-fiancé. The longer she stays, however, the more she realizes they need her just as much as she needs them. When a dangerous man from her past brings her family's pub business to the brink of financial ruin, the only way to protect them is to upend all their secrets — secrets that have damaged the family for generations and will threaten everything they know about their lives. In the aftermath, the Brennan family is forced to confront painful mistakes — and ultimately find a way forward together. "The Maidens" by Alex Michaelides Bookshop; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $16.78Edward Fosca is a murderer. Of this, Mariana is confident. But Fosca is untouchable. A handsome and charismatic Greek tragedy professor at Cambridge University, Fosca is adored by staff and students alike ― particularly by the members of a secret society of female students known as The Maidens.Mariana Andros is a brilliant but troubled group therapist who becomes fixated on The Maidens when one member, a friend of Mariana's niece Zoe, is found murdered in Cambridge.Mariana, who was once herself a student at the university, quickly suspects that behind the idyllic beauty of the spires and turrets, and beneath the ancient traditions, lies something sinister. And she becomes convinced that, despite his alibi, Edward Fosca is guilty of the murder. But why would the professor target one of his students? And why does he keep returning to the rites of Persephone, the maiden, and her journey to the underworld?When another body is found, Mariana's obsession with proving Fosca's guilt spirals out of control, threatening to destroy her credibility as well as her closest relationships. But Mariana is determined to stop this killer, even if it costs her everything ― including her own life. "Razorblade Tears" by S.A. Cosby Bookshop; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $20.10Ike Randolph has been out of jail for 15 years, with not so much as a speeding ticket in all that time. But a Black man with cops at the door knows to be afraid.The last thing he expects to hear is that his son Isiah has been murdered, along with Isiah's white husband, Derek. Ike had never fully accepted his son but is devastated by his loss.Derek's father, Buddy Lee, was almost as ashamed of Derek for being gay as Derek was ashamed of his father's criminal record. Buddy Lee still has contacts in the underworld, though, and he wants to know who killed his boy.Ike and Buddy Lee, two ex-cons with little else in common other than a criminal past and a love for their dead sons, band together in their desperate desire for revenge. In their quest to do better for their sons in death than they did in life, hardened men Ike and Buddy Lee will confront their prejudices about their sons and each other as they rain down vengeance upon those who hurt their boys. "Malibu Rising" by Taylor Jenkins Reid Amazon; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $16.80Malibu: August 1983. It's the day of Nina Riva's annual end-of-summer party, and anticipation is at a fever pitch. Everyone wants to be around the famous Rivas: Nina, the talented surfer and supermodel; brothers Jay and Hud, one a championship surfer, the other a renowned photographer; and their adored baby sister, Kit. Together, the siblings are a source of fascination in Malibu and the world over — especially as the offspring of the legendary singer Mick Riva.The only person not looking forward to the party of the year is Nina herself, who never wanted to be the center of attention, and who has also just been very publicly abandoned by her pro tennis player husband. Oh, and maybe Hud — because it is long past time for him to confess something to the brother from whom he's been inseparable since birth.Jay, on the other hand, is counting the minutes until nightfall, when the girl he can't stop thinking about has promised she'll be there.And Kit has a couple of secrets of her own — including a guest she invited without consulting anyone.By midnight the party will be entirely out of control. By morning, the Riva mansion will have gone up in flames. But before that first spark in the early hours before dawn, the alcohol will flow, the music will play, and the loves and secrets that shaped this family's generations will all come rising to the surface. "Four Winds" by Kristin Hannah Bookshop; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $14.49Texas, 1921. A time of abundance. The Great War is over, the land's bounty is plentiful, and America is on the brink of a new and optimistic era. But for Elsa Wolcott, deemed too old to marry in a time when marriage is a woman's only option, the future seems bleak. Until the night she meets Rafe Martinelli and decides to change the direction of her life. With her reputation in ruin, there is only one respectable choice: Marriage to a man she barely knows.By 1934, the world has changed; millions are out of work, and drought has devastated the Great Plains. Farmers are fighting to keep their land and their livelihoods as crops fail and water dries up and the earth cracks open. Dust storms roll relentlessly across the plains. Everything on the Martinelli farm is dying, including Elsa's tenuous marriage; each day is a desperate battle against nature and a fight to keep her children alive.In this uncertain and perilous time, Elsa ― like so many of her neighbors ― must make an agonizing choice: Fight for the land she loves or leave it behind and go west, to California, in search of a better life for her family. "The People We Keep" by Alison Larkin Amazon; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $22.99Little River, New York, 1994: April Sawicki is living in a motorless motorhome that her father won in a poker game. Failing out of school, picking up shifts at Margo's diner, she's left fending for herself in a town where she's never quite felt at home. When she "borrows" her neighbor's car to perform at an open mic night, she realizes her life could be much bigger than where she came from. After a fight with her dad, April packs her stuff and leaves for good — setting off on a journey to find her own life.Driving without a chosen destination, she stops to rest in Ithaca. Her only plan is to survive, but as she looks for work, she finds a kindred sense of belonging at Cafe Decadence, the local coffee shop. Still, somehow, it doesn't make sense to her that life could be this easy. The more she falls in love with her friends in Ithaca, the more she can't shake the feeling that she'll hurt them the way she's been hurt.As April moves through the world, meeting people who feel like home, she chronicles her life in the songs she writes and discovers that where she came from doesn't dictate who she has to be. "The Heart Principle" by Helen Hoang Amazon; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $13.99When violinist Anna Sun accidentally achieves career success with a viral YouTube video, she finds herself incapacitated and burned out from her attempts to replicate that moment. And when her longtime boyfriend announces he wants an open relationship before making a final commitment, a hurt and angry Anna decides that if he wants an open relationship, then she does, too. Translation: She's going to embark on a string of one-night stands — the more unacceptable the men, the better.That's where tattooed, motorcycle-riding Quan Diep comes in. Their first attempt at a one-night stand fails, as does their second and their third, because being with Quan is more than sex — he accepts Anna on an unconditional level that she has just started to understand. However, when tragedy strikes Anna's family, she takes on a role that she is ill-suited for until the burden of expectations threatens to destroy her. Anna and Quan have to fight for their chance at love — but to do that, they also have to fight for themselves. "Instructions for Dancing" by Nicola Yoon Amazon; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $14.40Evie Thomas doesn't believe in love anymore. Especially after the strangest thing occurs one otherwise ordinary afternoon: She witnesses a couple kiss and is overcome with a vision of how their romance began… and how it will end. After all, even the greatest love stories end with a broken heart, eventually.As Evie tries to understand why this is happening, she finds herself at La Brea Dance Studio, learning to waltz, fox-trot, and tango with a boy named X. X is everything that Evie is not: Adventurous, passionate, daring. His philosophy is to say yes to everything — including entering a ballroom dance competition with a girl he's only just met.Falling for X is definitely not what Evie had in mind. If her visions of heartbreak have taught her anything, it's that no one escapes love unscathed. But as she and X dance around and toward each other, Evie is forced to question all she thought she knew about life and love. In the end, is love worth the risk? "Once There Were Wolves" by Charlotte McConaghy Bookshop; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $20.99Inti Flynn arrives in Scotland with her twin sister, Aggie, to lead a team of biologists tasked with reintroducing 14 gray wolves into the remote Highlands. She hopes to heal not only the dying landscape but Aggie, too — unmade by the terrible secrets that drove the sisters out of Alaska.Inti is not the woman she once was, either, changed by the harm she's witnessed ― inflicted by humans on both the wild and each other. Yet, as the wolves surprise everyone by thriving, Inti begins to let her guard down, even opening herself up to the possibility of love. But when a farmer is found dead, Inti knows where the town will lay blame. Unable to accept that her wolves could be responsible, Inti makes a reckless decision to protect them. But if the wolves didn't make the kill, then who did? And what will Inti do when the man she is falling for seems to be the prime suspect? "People We Meet On Vacation" by Emily Henry Amazon; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $9.98Poppy and Alex. Alex and Poppy. They have nothing in common. She's a wild child; he wears khakis. She has insatiable wanderlust; he prefers to stay home with a book. And somehow, ever since a fateful car share home from college many years ago, they are the very best of friends. For most of the year, they live far apart — she's in New York City, and he's in their small hometown — but every summer, for a decade, they have taken one glorious week of vacation together.Until two years ago, when they ruined everything. They haven't spoken since.Poppy has everything she should want, but she's stuck in a rut. When someone asks when she was last truly happy, she knows, without a doubt, it was on that ill-fated, final trip with Alex. And so, she decides to convince her best friend to take one more vacation together — lay everything on the table, make it all right. Miraculously, he agrees.Now she has a week to fix everything. If only she can get around the one big truth that has always stood quietly in the middle of their seemingly perfect relationship. What could possibly go wrong? "The Inheritance of Orquídea Divina" by Zoraida Cordove Bookshop; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $21.49The Montoyas are used to a life without explanations. They know better than to ask why the pantry never seems to run low or empty or why their matriarch won't ever leave their home in Four Rivers — even for graduations, weddings, or baptisms. But when Orquídea Divina invites them to her funeral and to collect their inheritance, they hope to learn the secrets that she has held onto so tightly their whole lives. Instead, Orquídea is transformed, leaving them with more questions than answers.Seven years later, her gifts have manifested differently for Marimar, Rey, and Tatinelly's daughter, Rhiannon, granting them unexpected blessings. But soon, a hidden figure begins to tear through their family tree, picking them off one by one as it seeks to destroy Orquídea's line. Determined to save what's left of their family and uncover the truth behind their inheritance, the four descendants travel to Ecuador — to the place where Orquídea buried her secrets and broken promises and never looked back. "Damnation Spring" by Ash Davidson Bookshop; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $19.81Colleen and Rich Gundersen are raising their young son, Chub, on the rugged California coast. It's 1977, and life in this Pacific Northwest logging town isn't what it used to be. For generations, the community has lived and breathed timber; now, that way of life is threatened. Colleen is an amateur midwife. Rich is a tree-topper. It's a dangerous job that requires him to scale trees hundreds of feet tall — a job that both his father and grandfather died doing. Colleen and Rich want a better life for their son — and they take steps to assure their future. Rich secretly spends their savings on a swath of ancient Redwoods. Colleen, desperate to have a second baby, challenges the logging company's use of herbicides that she believes are responsible for the many miscarriages in the community — including her own. The pair find themselves on opposite sides of a budding conflict that threatens the very thing they are trying to protect: Their family. "The Star-Crossed Sisters of Tuscany" by Lori Nelson Spielman Bookshop; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $10.95Since the day Filomena Fontana cast a curse upon her sister more than 200 years ago, not one second-born Fontana daughter has found lasting love. Some, like second-born Emilia, the happily single baker at her grandfather's Brooklyn deli, claim it's an odd coincidence. Others, like her sexy, desperate-for-love cousin Lucy, insist it's an actual hex. But both are bewildered when their great-aunt calls with an astounding proposition: If they accompany her to her homeland of Italy, Aunt Poppy vows she'll meet the love of her life on the steps of the Ravello Cathedral on her 80th birthday — and break the Fontana Second-Daughter Curse once and for all.Against the backdrop of wandering Venetian canals, rolling Tuscan fields, and enchanting Amalfi Coast villages, romance blooms, destinies are found, and family secrets are unearthed — secrets that could threaten the family far more than a centuries-old curse. "The Last Thing He Told Me" by Laura Dave Bookshop; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $12.92Before Owen Michaels disappears, he smuggles a note to his beloved wife of one year: Protect her.Despite her confusion and fear, Hannah Hall knows exactly to whom the note refers — Owen's 16-year-old daughter, Bailey. Bailey, who lost her mother tragically as a child. Bailey, who wants absolutely nothing to do with her new stepmother. As Hannah's increasingly desperate calls to Owen go unanswered, as the FBI arrests Owen's boss, as a US marshal and federal agents arrive at her Sausalito home unannounced, Hannah quickly realizes her husband isn't who he said he was. And that Bailey just may hold the key to figuring out Owen's true identity — and why he disappeared.Hannah and Bailey set out to discover the truth. But as they start putting together the pieces of Owen's past, they soon realize they're also building a new future — one neither of them could have anticipated.You can read our interview with author Laura Dave here. "The Office of Historical Corrections" by Danielle Evans Bookshop; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $17.49Danielle Evans is known for her blisteringly smart voice and X-ray insights into complex human relationships. With "The Office of Historical Corrections," Evans zooms in on particular moments and relationships in her characters' lives in a way that allows them to speak to larger issues of race, culture, and history. She introduces us to Black and multiracial characters experiencing the universal confusions of lust and love and getting walloped by grief — all while exploring how history haunts us, personally and collectively. Ultimately, she provokes us to think about the truths of American history — about who gets to tell them and the cost of setting the record straight. "Infinite Country" by Patricia Engel Amazon; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $14.80I often wonder if we are living the wrong life in the wrong country.Talia is being held at a correctional facility for adolescent girls in the forested mountains of Colombia after committing an impulsive act of violence that may or may not have been warranted. She urgently needs to get out and get back home to Bogotá, where her father and a plane ticket to the United States are waiting for her. If she misses her flight, she might also miss her chance to finally reunite with her family.How this family came to occupy two different countries — two different worlds — comes into focus like twists of a kaleidoscope. We see Talia's parents, Mauro and Elena, fall in love in a market stall as teenagers against a backdrop of civil war and social unrest. We see them leave Bogotá with their firstborn, Karina, in pursuit of safety and opportunity in the United States on a temporary visa, and we see the births of two more children, Nando and Talia, on American soil. We witness the decisions and indecisions that lead to Mauro's deportation and the family's splintering — the costs they've all been living with ever since. Read the original article on Business Insider.....»»

Category: worldSource: nytOct 15th, 2021

Grand Canyon University in preliminary talks to expand to Florida

The private Christian university has plans to expand to 40 locations over the next several years in an effort to address the nursing shortage nationwide......»»

Category: topSource: bizjournalsAug 4th, 2022

CP reports strong Q2 results; momentum accelerating in second half of the year

CALGARY, AB, July 28, 2022 /PRNewswire/ - Canadian Pacific Railway Limited (TSX:CP) (NYSE:CP) today announced its second-quarter 2022 results, including revenues of $2.20 billion, reported operating ratio ("OR") of 60.6 percent, adjusted OR1 of 59.7 percent, reported diluted earnings per share ("EPS") of $0.82 and core adjusted diluted EPS1 of $0.95. "After a challenging first quarter of the year, I'm proud of the resiliency and discipline the CP team demonstrated to deliver these results," said Keith Creel, CP President and CEO. "They continue to display the grit and tenacity it takes to run a world-class North American railroad and deliver for our customers." Second-quarter highlights Revenues increased by 7 percent to $2.20 billion from $2.05 billion last year Reported OR increased by 50 basis points to 60.6 percent from 60.1 percent last year Adjusted OR1 increased by 440 basis points to 59.7 percent from 55.3 percent last year Reported diluted EPS was $0.82, a 56 percent decrease from last year Core adjusted diluted EPS1, excluding significant items and Kansas City Southern ("KCS") purchase accounting, was $0.95, an 8 percent decrease from last year "The strong demand environment for North American goods and commodities, coupled with our own unique growth initiatives and the promising upcoming Canadian grain crop, gives me confidence that we will continue to see momentum build into the back half of 2022 and beyond," said Creel. CP is continuing to progress towards creating the first single-line rail network linking the U.S., Mexico and Canada by combining with KCS, subject to U.S. Surface Transportation Board approval. "Our proposed combination with KCS will connect customers to new markets, enhance competition in the U.S. rail network and drive economic growth across North America," Creel said. "As we continue to progress toward this historic combination, our excitement about the opportunities ahead with the combined companies continues to grow." 1  These measures have no standardized meanings prescribed by accounting principles generally accepted in the United States of America ("GAAP") and, therefore, may not be comparable to similar measures presented by other companies. For information regarding non-GAAP measures, including reconciliations to the most comparable GAAP measures, see the attached supplementary schedule Non-GAAP Measures. Conference Call DetailsCP will discuss its results with the financial community in a conference call beginning at 8:30 a.m. ET (6:30 a.m. MT) on July 28, 2022. Conference Call Access Canada and U.S.: 866-831-8713International: 203-518-9822*Conference ID: CPQ222Callers should dial in 10 minutes prior to the call. Webcast We encourage you to access the webcast and presentation material in the Investors section of CP's website at investor.cpr.ca. A replay of the second-quarter conference call will be available by phone through to Aug. 4, 2022 at 800-839-6910 (Canada/U.S.) or 402-220-6058 (International). Note on forward-looking informationThis news release may contain certain forward-looking information and forward-looking statements (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information includes, but is not limited to, statements concerning expectations, beliefs, plans, goals, objectives, assumptions and statements about possible future events, conditions, and results of operations or performance. Forward-looking information may contain statements with words or headings such as "financial expectations", "key assumptions", "anticipate", "believe", "expect", "plan", "will", "outlook", "should" or similar words suggesting future outcomes. This news release contains forward-looking information relating, but not limited to statements concerning, cost control efforts, the success of our business, changes to economic and industry conditions, the status of the CP-KCS transaction, including related regulatory approvals, and the opportunities arising there from, our operations, priorities and plans, anticipated financial and operational performance, business prospects and demand for our services and growth opportunities. The forward-looking information that may be in this news release is based on current expectations, estimates, projections and assumptions, having regard to CP's experience and its perception of historical trends, and includes, but is not limited to, expectations, estimates, projections and assumptions relating to: changes in business strategies, North American and global economic growth; commodity demand growth; sustainable industrial and agricultural production; commodity prices and interest rates; performance of our assets and equipment; sufficiency of our budgeted capital expenditures in carrying out our business plan; geopolitical conditions, applicable laws, regulations and government policies; the availability and cost of labour, services and infrastructure; the satisfaction by third parties of their obligations to CP; and the anticipated impacts of the COVID-19 pandemic on CP businesses, operating results, cash flows and/or financial condition. Although CP believes the expectations, estimates, projections and assumptions reflected in the forward-looking information presented herein are reasonable as of the date hereof, there can be no assurance that they will prove to be correct. Current conditions, economic and otherwise, render assumptions, although reasonable when made, subject to greater uncertainty. Undue reliance should not be placed on forward-looking information as actual results may differ materially from those expressed or implied by forward-looking information. By its nature, CP's forward-looking information involves inherent risks and uncertainties that could cause actual results to differ materially from the forward looking information, including, but not limited to, the following factors: changes in business strategies and strategic opportunities; general Canadian, U.S., Mexican and global social, economic, political, credit and business conditions; risks associated with agricultural production such as weather conditions and insect populations; the availability and price of energy commodities; the effects of competition and pricing pressures, including competition from other rail carriers, trucking companies and maritime shippers in Canada, the U.S. and Mexico; North American and global economic growth; industry capacity; shifts in market demand; changes in commodity prices and commodity demand; uncertainty surrounding timing and volumes of commodities being shipped via CP; inflation; geopolitical instability; changes in laws, regulations and government policies, including regulation of rates; changes in taxes and tax rates; potential increases in maintenance and operating costs; changes in fuel prices; disruption in fuel supplies; uncertainties of investigations, proceedings or other types of claims and litigation; compliance with environmental regulations; labour disputes; changes in labour costs and labour difficulties; risks and liabilities arising from derailments; transportation of dangerous goods; timing of completion of capital and maintenance projects; sufficiency of budgeted capital expenditures in carrying out business plans; services and infrastructure; the satisfaction by third parties of their obligations; currency and interest rate fluctuations; exchange rates; effects of changes in market conditions and discount rates on the financial position of pension plans and investments; trade restrictions or other changes to international trade arrangements; the effects of current and future multinational trade agreements on the level of trade among Canada, the U.S. and Mexico; climate change and the market and regulatory responses to climate change; anticipated in-service dates; success of hedging activities; operational performance and reliability; customer, regulatory and other stakeholder approvals and support; regulatory and legislative decisions and actions; the adverse impact of any termination or revocation by the Mexican government of Kansas City Southern de México, S.A. de C.V.'s Concession; public opinion; various events that could disrupt operations, including severe weather, such as droughts, floods, avalanches and earthquakes, and cybersecurity attacks, as well as security threats and governmental response to them, and technological changes; acts of terrorism, war or other acts of violence or crime or risk of such activities; insurance coverage limitations; material adverse changes in economic and industry conditions, including the availability of short and long-term financing; the pandemic created by the outbreak of COVID-19 and its variants and resulting effects on economic conditions, the demand environment for logistics requirements and energy prices, restrictions imposed by public health authorities or governments, fiscal and monetary policy responses by governments and financial institutions, and disruptions to global supply chains; the realization of anticipated benefits and synergies of the CP-KCS transaction and the timing thereof; the success of integration plans for KCS; the focus of management time and attention on the CP-KCS transaction and other disruptions arising from the transaction; estimated future dividends; financial strength and flexibility; debt and equity market conditions, including the ability to access capital markets on favourable terms or at all; cost of debt and equity capital; and the ability of the management of the Company to execute key priorities, including those in connection with the CP-KCS transaction. The foregoing list of factors is not exhaustive. These and other factors are detailed from time to time in reports filed by CP with securities regulators in Canada and the United States. Reference should be made to "Item 1A - Risk Factors" and "Item 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations - Forward-Looking Statements" in CP's annual and interim reports on Form 10-K and 10-Q. Any forward-looking information contained in this news release is made as of the date hereof. Except as required by law, CP undertakes no obligation to update publicly or otherwise revise any forward-looking information, or the foregoing assumptions and risks affecting such forward-looking information, whether as a result of new information, future events or otherwise. About Canadian PacificCanadian Pacific is a transcontinental railway in Canada and the United States with direct links to major ports on the west and east coasts. CP provides North American customers a competitive rail service with access to key markets in every corner of the globe. CP is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit cpr.ca to see the rail advantages of CP. CP-IR FINANCIAL STATEMENTS INTERIM CONSOLIDATED STATEMENTS OF INCOME(unaudited) For the three monthsended June 30 For the six monthsended June 30 (in millions of Canadian dollars, except share and per share data) 2022 2021 2022 2021 Revenues (Note 3) Freight $       2,154 $        2,008 $       3,950 $       3,926 Non-freight 48 46 90 87 Total revenues 2,202 2,054 4,040 4,013 Operating expenses Compensation and benefits 348 379 761 784 Fuel 370 218 643 424 Materials 63 54 125 113 Equipment rents 29 28 64 61 Depreciation and amortization 211 200 421 402 Purchased services and other (Note 10) 313 355 623 629 Total operating expenses 1,334 1,234 2,637 2,413 Operating income 868 820 1,403 1,600 Less: Equity earnings of Kansas City Southern (Note 10) (208) — (406) — Other expense (Note 4, 10) 7 157 6 129 Merger termination fee (Note 10) — (845) — (845) Other components of net periodic benefit recovery (Note 15) (101) (96) (202) (191) Net interest expense 160 101 320 211 Income before income tax expense 1,010 1,503 1,685 2,296 Income tax expense (Note 5) 245 257 330 448 Net income $          765 $      1,246 $       1,355 $       1,848 Earnings per share (Note 6) Basic earnings per share $         0.82 $         1.87 $         1.46 $         2.77 Diluted earnings per share $         0.82 $         1.86 $ 1.45 $         2.76 Weighted-average number of shares (millions) (Note 6) Basic 929.9 666.7 929.8 666.6 Diluted 932.6 669.9 932.7 669.8 Dividends declared per share $      0.190 $           0.190 $          0.380 $        0.380 See Notes to Interim Consolidated Financial Statements. INTERIM CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME(unaudited) For the three months ended June 30 For the six months ended June 30 (in millions of Canadian dollars) 2022 2021 2022 2021 Net income $            765 $       1,246 $       1,355 $       1,848 Net gain in foreign currency translation adjustments, net of hedgingactivities 719 10 383 20 Change in derivatives designated as cash flow hedges 2 (97) 3 (72) Change in pension and post-retirement defined benefit plans 38 52 77 105 Equity accounted investments 73 — 135 — Other comprehensive income (loss) before income taxes 832 (35) 598 53 Income tax recovery (expense) on above items 2 — (34) (30) Other comprehensive income (loss) (Note 7) 834 (35) 564 23 Comprehensive income $        1,599 $        1,211 $        1,919 $        1,871 See Notes to Interim Consolidated Financial Statements.   INTERIM CONSOLIDATED BALANCE SHEETS AS AT(unaudited) June 30 December 31 (in millions of Canadian dollars) 2022 2021 Assets Current assets Cash and cash equivalents $                    154 $                      69 Restricted cash and cash equivalents — 13 Accounts receivable, net (Note 8) 962 819 Materials and supplies 271 235 Other current assets 224 216 1,611 1,352 Investment in Kansas City Southern (Note 11) 43,203 42,309 Investments 217 209 Properties 21,502 21,200 Goodwill and intangible assets 374 371 Pension asset 2,538 2,317 Other assets 429 419 Total assets $               69,874 $               68,177 Liabilities and shareholders' equity Current liabilities Accounts payable and accrued liabilities $                 1,511 $                 1,609 Long-term debt maturing within one year (Note 12, 13) 1,698 1,550 3,209 3,159 Pension and other benefit liabilities 724 718 Other long-term liabilities 509 542 Long-term debt (Note 12, 13) 18,372 18,577 Deferred income taxes 11,646 11,352 Total liabilities 34,460 34,348 Shareholders' equity Share capital 25,488 25,475 Additional paid-in capital 73 66 Accumulated other comprehensive loss (Note 7) (1,539) (2,103) Retained earnings 11,392 10,391 35,414 33,829 Total liabilities and shareholders' equity $               69,874 $               68,177 See Contingencies (Note 17). See Notes to Interim Consolidated Financial Statements.   INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS(unaudited) For the three monthsended June 30 For the six monthsended June 30 (in millions of Canadian dollars) 2022 2021 2022 2021 Operating activities Net income $             765 $          1,246 $          1,355 $          1,848 Reconciliation of net income to cash provided by operating activities: Depreciation and amortization 211 200 421 402 Deferred income tax expense (Note 5) 114 9 113 60 Pension recovery and funding (Note 15) (72) (65) (144) (126) Equity earnings of Kansas City Southern (Note 10) (208) — (406) — Foreign exchange gain on debt and lease liabilities (Note 4) — (52) — (85) Dividend from Kansas City Southern (Note 10) — — 334 — Other operating activities, net (16) 52 (99) (36) Change in non-cash working capital balances related to operations (87) 564 (254) 473 Cash provided by operating activities 707 1,954 1,320 2,536 Investing activities Additions to properties (370) (416) (596) (739) Proceeds from sale of properties and other assets 11 12 26 49 Other (3) (1) 2 (1) Cash used in investing activities (362) (405) (568) (691) Financing activities Dividends paid (176) (126) (353) (253) Issuance of CP Common Shares 1 8 9 16 Repayment of long-term debt, excluding commercial paper (Note 12) (10) (10) (552) (31) Repayment of term loan (Note 12) (132) — (132) — Net issuance (repayment) of commercial paper (Note 11) 20 (872) 340 (779) Acquisition-related financing fees (Note 10) — (12) — (45) Other — (4) — (4) Cash used in financing activities (297) (1,016) (688) (1,096) Effect of foreign currency fluctuations on U.S. dollar-denominatedcash and cash equivalents 8 (1) 8 (4) Cash position Increase in cash, cash equivalents, and restricted cash 56 532 72 745 Cash, cash equivalents, and restricted cash at beginning of period 98 360 82 147 Cash and cash equivalents at end of period $             154 $             892 $             154 $             892 Supplemental disclosures of cash flow information: Income taxes paid $               93 $             139 $             252 $             272 Interest paid $             169 $               57 $             319 $             212 See Notes to Interim Consolidated Financial Statements.   INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (unaudited) For the three months ended June 30 (in millions of Canadian dollars except pershare data) Common Shares (inmillions) Share capital Additional paid-in capital Accumulated other comprehensive loss Retained earnings Total shareholders' equity Balance as at April 1, 2022 929.9 $  25,486 $             68 $                (2,373) $   10,804 $            33,985 Net income — — — — 765 765 Other comprehensive income (Note 7) — — — 834 — 834 Dividends declared ($0.190 per share) — — — — (177) (177) Effect of stock-based compensation expense — — 5 — — 5 Shares issued under stock option plan 0.1 2 — — — 2 Balance as at June 30, 2022 930.0 $  25,488 $             73 $                (1,539) $   11,392 $            35,414 Balance as at April 1, 2021 666.6 $ 1,993 $             58 $                (2,756) $     8,571 $              7,866 Net income — — — — 1,246 1,246 Other comprehensive loss (Note 7) — — — (35) — (35) Dividends declared ($0.190 per share) — — — — (127) (127) Effect of stock-based compensation expense — — 7 — — 7 Shares issued under stock option plan 0.2 10 (2) — — 8 Balance as at June 30, 2021 666.8 $ 2,003 $             63 $                (2,791) $     9,690 $              8,965   For the six months ended June 30 (in millions of Canadian dollars except per share data) CommonShares (in millions) Share capital Additional paid-in capital Accumulated other comprehensive loss Retained earnings Total shareholders' equity Balance as at January 1, 2022 929.7 $  25,475 $             66 $                (2,103) $   10,391 $            33,829 Net income — — — — 1,355 1,355 Other comprehensive income (Note 7) — — — 564 — 564 Dividends declared ($0.380 per share) — — — — (354) (354) Effect of stock-based compensation expense — — 12 — — 12 Shares issued for Kansas City Southernacquisition — — (2) — — (2) Shares issued under stock option plan 0.3 13 (3) — — 10 Balance as at June 30, 2022 930.0 $  25,488 $             73 $                (1,539) $   11,392 $            35,414 Balance as at January 1, 2021 666.3 $ 1,983 $             55 $                (2,814) $     8,095 $              7,319 Net income — — — — 1,848 1,848 Other comprehensive income (Note 7) — — — 23 — 23 Dividends declared ($0.380 per share) — — — — (253) (253) Effect of stock-based compensationexpense — — 12 — — 12 Shares issued under stock option plan 0.5 20 (4) — — 16 Balance as at June 30, 2021 666.8 $ 2,003 $             63 $                (2,791) $     9,690 $              8,965 See Notes to Interim Consolidated Financial Statements.   NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTSJune 30, 2022 (unaudited) 1    Basis of presentation These unaudited Interim Consolidated Financial Statements ("Interim Consolidated Financial Statements") of Canadian Pacific Railway Limited ("CPRL") and its subsidiaries (collectively, "CP", or "the Company"), expressed in Canadian dollars, reflect management's estimates and assumptions that are necessary for their fair presentation in conformity with generally accepted accounting principles in the United States of America ("GAAP"). They do not include all disclosures required under GAAP for annual financial statements and should be read in conjunction with the 2021 annual Consolidated Financial Statements and notes included in CP's 2021 Annual Report on Form 10-K. The accounting policies used are consistent with the accounting policies used in preparing the 2021 annual Consolidated Financial Statements.  CP's operations can be affected by seasonal fluctuations such as changes in customer demand and weather-related issues. This seasonality could impact quarter-over-quarter comparisons. In management's opinion, the Interim Consolidated Financial Statements include all adjustments (consisting of normal and recurring adjustments) necessary to present fairly such information. Interim results are not necessarily indicative of the results expected for the fiscal year. 2    Accounting changes Implemented in 2022 Government Assistance On January 1, 2022, the Company adopted the new Accounting Standards Update ("ASU") 2021-10, issued by the Financial Accounting Standards Board ("FASB"), and all related amendments under FASB Accounting Standards Codification ("ASC") Topic 832, Government Assistance. The amendment is made to increase transparency by introducing specific disclosure requirements for entities who apply a grant or contribution model by analogy to account for transactions with a government. This update is applied to government assistance transactions within the scope of this amendment that are in the financial statements at the date of initial application and prospectively to new transactions entered into after initial application. See Note 9 for further discussion on government assistance. All other accounting pronouncements that became effective during the period covered by the Interim Consolidated Financial Statements did not have a material impact on the Company's Consolidated Financial Statements and related disclosures. Future changes Contract Assets and Contract Liabilities Acquired in a Business Combination In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805), Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. This amendment introduces the requirement for an acquirer to recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with the requirements of FASB ASC Topic 606, Revenue from Contracts with Customers, rather than at fair value. This amendment will be effective prospectively from January 1, 2023, with early adoption permitted. The Company is currently assessing the impact of this amendment. All other accounting pronouncements recently issued, but not effective until after June 30, 2022, have been assessed and are not expected to have a material impact on the Company's Consolidated Financial Statements and related disclosures. 3    Revenues  The following table disaggregates the Company's revenues from contracts with customers by major source: For the three monthsended June 30 For the six monthsended June 30 (in millions of Canadian dollars) 2022 2021 2022 2021 Freight Grain $             370 $             444 $             730 $             892 Coal 163 170 302 333 Potash 171 134 275 235 Fertilizers and sulphur 85 78 163 155 Forest products 104 90 190 170 Energy, chemicals and plastics 340 369 650 757 Metals, minerals and consumer products 228 180 409 339 Automotive 120 98 211 206 Intermodal 573 445 1,020 839 Total freight revenues 2,154 2,008 3,950 3,926 Non-freight excluding leasing revenues 27 26 49 50 Revenues from contracts with customers 2,181 2,034 3,999 3,976 Leasing revenues 21 20 41 37 Total revenues $          2,202 $          2,054 $          4,040 $          4,013   Contract liabilities        Contract liabilities represent payments received for performance obligations not yet satisfied and relate to deferred revenue and are presented as components of "Accounts payable and accrued liabilities" and "Other long-term liabilities" on the Company's Interim Consolidated Balance Sheets. The following table summarizes the changes in contract liabilities: For the three months ended June 30 For the six monthsended June 30 (in millions of Canadian dollars) 2022 2021 2022 2021 Opening balance $               67 $            114 $              67 $              61 Revenue recognized that was included in the contract liability balanceat the beginning of the period (7) (19) (11) (23) Increase due to consideration received, net of revenue recognizedduring the period 9 150 13 207 Closing balance $               69 $           245 $              69 $            245   4    Other expense For the three monthsended June 30 For the six months ended June 30 (in millions of Canadian dollars) 2022 2021 2022 2021 Foreign exchange gain on debt and lease liabilities $                — $              (52) $                — $              (85) Other foreign exchange gains — (3) (2) (2) Acquisition-related costs (Note 10) — 209 — 212 Other 7 3 8 4 Other expense $                  7 $             157 $                  6 $             129   5    Income taxes For the three monthsended June 30 For the six monthsended June 30 (in millions of Canadian dollars) 2022 2021 2022 2021 Current income tax expense $             131 $             248 $             217 $             388 Deferred income tax expense 114 9 113 60 Income tax expense $             245 $             257 $             330 $             448 The effective tax rates including discrete items for the three and six months ended June 30, 2022 were 24.21% and 19.59%, respectively, compared to 17.10% and 19.50%, respectively for the same periods of 2021. For the three months ended June 30, 2022, the effective tax rate was 24.25%, excluding the discrete items of equity earnings of Kansas City Southern ("KCS"), acquisition-related costs incurred by CP of $19 million, and outside basis deferred tax expense of $49 million arising from the difference between the carrying amount of CP's investment in KCS for financial reporting and the underlying tax basis of this investment. For the three months ended June 30, 2021, the effective tax rate was 24.60%, excluding the discrete items of the merger termination fee of $845 million (U.S. $700 million) received in connection with KCS's termination of the Original Merger Agreement, foreign exchange ("FX") gain of $52 million on debt and lease liabilities, and acquisition-related costs of $308 million. For the six months ended June 30, 2022, the effective tax rate was 24.25%, excluding the discrete items of equity earnings of KCS, acquisition-related costs incurred by CP of $39 million, and outside basis deferred tax expense of $17 million arising from the difference between the carrying amount of CP's investment in KCS for financial reporting and the underlying tax basis of this investment. For the six months ended June 30, 2021, the effective tax rate was 24.60%, excluding the discrete items of the merger termination fee of $845 million (U.S. $700 million), FX gain of $85 million on debt and lease liabilities, and acquisition-related costs of $344 million. 6    Earnings per share Basic earnings per share has been calculated using Net income for the period divided by the weighted-average number of shares outstanding during the period. The number of shares used in the earnings per share calculations are reconciled as follows: For the three months ended June 30 For the six months ended June 30 (in millions) 2022 2021 2022 2021 Weighted-average basic shares outstanding 929.9 666.7 929.8 666.6 Dilutive effect of stock options 2.7 3.2 2.9 3.2 Weighted-average diluted shares outstanding 932.6 669.9 932.7 669.8 For the three and six months ended June 30, 2022, there were 0.8 million and 0.4 million options, respectively, excluded from the computation of diluted earnings per share because their effects were not dilutive (three and six months ended June 30, 2021 - nil).  7    Changes in Accumulated other comprehensive loss ("AOCL") by component For the three months ended June 30 (in millions of Canadian dollars) Foreign currencynet of hedging activities(1) Derivatives(1)(2) Pension and post-retirement definedbenefit plans(1) Equityaccountedinvestments(1)(2) Total(1) Opening balance, April 1, 2022 $                      (531) $                  (3) $                   (1,884) $                       45 $          (2,373) Other comprehensive incomebefore reclassifications 748 — — 57 805 Amounts reclassified from accumulated othercomprehensive loss — 1 28 — 29 Net other comprehensive income 748 1 28 57 834 Closing balance, June 30, 2022 $                       217 $                  (2) $                   (1,856) $                     102 $          (1,539) Opening balance, April 1, 2021 $                       112 $                (21) $                   (2,839) $                        (8) $         (2,756) Other comprehensive lossbefore reclassifications (2) (72) — (2) (76) Amounts reclassified from accumulated other comprehensive loss — 2 39 — 41 Net other comprehensive (loss) income (2) (70) 39 (2) (35) Closing balance, June 30, 2021 $                       110 $                (91) $                   (2,800) $                      (10) $          (2,791) (1)   Amounts are presented net of tax. (2) Comparative figures have been reclassified to conform with current period presentation.   For the six months ended June 30 (in millions of Canadian dollars) Foreign currencynet of hedgingactivities(1) Derivatives(1)(2) Pension and post-retirement definedbenefit plans(1) Equity accounted investments(1)(2) Total(1) Opening balance, January 1, 2022 $                       (182) $                  (4) $                   (1,915) $                        (2) $          (2,103) Other comprehensive incomebefore reclassifications 399 — — 103 502 Amounts reclassified fromaccumulated othercomprehensive loss — 2 59 1 62 Net other comprehensive income 399 2 59 104 564 Closing balance, June 30, 2022 $                        217.....»»

Category: earningsSource: benzingaJul 28th, 2022

CP reports strong Q2 results; momentum accelerating in second half of the year

CALGARY, AB, July 28, 2022 /CNW/ - Canadian Pacific Railway Limited (TSX:CP) (NYSE:CP) today announced its second-quarter 2022 results, including revenues of $2.20 billion, reported operating ratio ("OR") of 60.6 percent, adjusted OR1 of 59.7 percent, reported diluted earnings per share ("EPS") of $0.82 and core adjusted diluted EPS1 of $0.95. "After a challenging first quarter of the year, I'm proud of the resiliency and discipline the CP team demonstrated to deliver these results," said Keith Creel, CP President and CEO. "They continue to display the grit and tenacity it takes to run a world-class North American railroad and deliver for our customers." Second-quarter highlights Revenues increased by 7 percent to $2.20 billion from $2.05 billion last year Reported OR increased by 50 basis points to 60.6 percent from 60.1 percent last year Adjusted OR1 increased by 440 basis points to 59.7 percent from 55.3 percent last year Reported diluted EPS was $0.82, a 56 percent decrease from last year Core adjusted diluted EPS1, excluding significant items and Kansas City Southern ("KCS") purchase accounting, was $0.95, an 8 percent decrease from last year "The strong demand environment for North American goods and commodities, coupled with our own unique growth initiatives and the promising upcoming Canadian grain crop, gives me confidence that we will continue to see momentum build into the back half of 2022 and beyond," said Creel. CP is continuing to progress towards creating the first single-line rail network linking the U.S., Mexico and Canada by combining with KCS, subject to U.S. Surface Transportation Board approval. "Our proposed combination with KCS will connect customers to new markets, enhance competition in the U.S. rail network and drive economic growth across North America," Creel said. "As we continue to progress toward this historic combination, our excitement about the opportunities ahead with the combined companies continues to grow." 1  These measures have no standardized meanings prescribed by accounting principles generally accepted in the United States of America ("GAAP") and, therefore, may not be comparable to similar measures presented by other companies. For information regarding non-GAAP measures, including reconciliations to the most comparable GAAP measures, see the attached supplementary schedule Non-GAAP Measures. Conference Call DetailsCP will discuss its results with the financial community in a conference call beginning at 8:30 a.m. ET (6:30 a.m. MT) on July 28, 2022. Conference Call Access Canada and U.S.: 866-831-8713International: 203-518-9822*Conference ID: CPQ222Callers should dial in 10 minutes prior to the call. Webcast We encourage you to access the webcast and presentation material in the Investors section of CP's website at investor.cpr.ca. A replay of the second-quarter conference call will be available by phone through to Aug. 4, 2022 at 800-839-6910 (Canada/U.S.) or 402-220-6058 (International). Note on forward-looking informationThis news release may contain certain forward-looking information and forward-looking statements (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information includes, but is not limited to, statements concerning expectations, beliefs, plans, goals, objectives, assumptions and statements about possible future events, conditions, and results of operations or performance. Forward-looking information may contain statements with words or headings such as "financial expectations", "key assumptions", "anticipate", "believe", "expect", "plan", "will", "outlook", "should" or similar words suggesting future outcomes. This news release contains forward-looking information relating, but not limited to statements concerning, cost control efforts, the success of our business, changes to economic and industry conditions, the status of the CP-KCS transaction, including related regulatory approvals, and the opportunities arising there from, our operations, priorities and plans, anticipated financial and operational performance, business prospects and demand for our services and growth opportunities. The forward-looking information that may be in this news release is based on current expectations, estimates, projections and assumptions, having regard to CP's experience and its perception of historical trends, and includes, but is not limited to, expectations, estimates, projections and assumptions relating to: changes in business strategies, North American and global economic growth; commodity demand growth; sustainable industrial and agricultural production; commodity prices and interest rates; performance of our assets and equipment; sufficiency of our budgeted capital expenditures in carrying out our business plan; geopolitical conditions, applicable laws, regulations and government policies; the availability and cost of labour, services and infrastructure; the satisfaction by third parties of their obligations to CP; and the anticipated impacts of the COVID-19 pandemic on CP businesses, operating results, cash flows and/or financial condition. Although CP believes the expectations, estimates, projections and assumptions reflected in the forward-looking information presented herein are reasonable as of the date hereof, there can be no assurance that they will prove to be correct. Current conditions, economic and otherwise, render assumptions, although reasonable when made, subject to greater uncertainty. Undue reliance should not be placed on forward-looking information as actual results may differ materially from those expressed or implied by forward-looking information. By its nature, CP's forward-looking information involves inherent risks and uncertainties that could cause actual results to differ materially from the forward looking information, including, but not limited to, the following factors: changes in business strategies and strategic opportunities; general Canadian, U.S., Mexican and global social, economic, political, credit and business conditions; risks associated with agricultural production such as weather conditions and insect populations; the availability and price of energy commodities; the effects of competition and pricing pressures, including competition from other rail carriers, trucking companies and maritime shippers in Canada, the U.S. and Mexico; North American and global economic growth; industry capacity; shifts in market demand; changes in commodity prices and commodity demand; uncertainty surrounding timing and volumes of commodities being shipped via CP; inflation; geopolitical instability; changes in laws, regulations and government policies, including regulation of rates; changes in taxes and tax rates; potential increases in maintenance and operating costs; changes in fuel prices; disruption in fuel supplies; uncertainties of investigations, proceedings or other types of claims and litigation; compliance with environmental regulations; labour disputes; changes in labour costs and labour difficulties; risks and liabilities arising from derailments; transportation of dangerous goods; timing of completion of capital and maintenance projects; sufficiency of budgeted capital expenditures in carrying out business plans; services and infrastructure; the satisfaction by third parties of their obligations; currency and interest rate fluctuations; exchange rates; effects of changes in market conditions and discount rates on the financial position of pension plans and investments; trade restrictions or other changes to international trade arrangements; the effects of current and future multinational trade agreements on the level of trade among Canada, the U.S. and Mexico; climate change and the market and regulatory responses to climate change; anticipated in-service dates; success of hedging activities; operational performance and reliability; customer, regulatory and other stakeholder approvals and support; regulatory and legislative decisions and actions; the adverse impact of any termination or revocation by the Mexican government of Kansas City Southern de México, S.A. de C.V.'s Concession; public opinion; various events that could disrupt operations, including severe weather, such as droughts, floods, avalanches and earthquakes, and cybersecurity attacks, as well as security threats and governmental response to them, and technological changes; acts of terrorism, war or other acts of violence or crime or risk of such activities; insurance coverage limitations; material adverse changes in economic and industry conditions, including the availability of short and long-term financing; the pandemic created by the outbreak of COVID-19 and its variants and resulting effects on economic conditions, the demand environment for logistics requirements and energy prices, restrictions imposed by public health authorities or governments, fiscal and monetary policy responses by governments and financial institutions, and disruptions to global supply chains; the realization of anticipated benefits and synergies of the CP-KCS transaction and the timing thereof; the success of integration plans for KCS; the focus of management time and attention on the CP-KCS transaction and other disruptions arising from the transaction; estimated future dividends; financial strength and flexibility; debt and equity market conditions, including the ability to access capital markets on favourable terms or at all; cost of debt and equity capital; and the ability of the management of the Company to execute key priorities, including those in connection with the CP-KCS transaction. The foregoing list of factors is not exhaustive. These and other factors are detailed from time to time in reports filed by CP with securities regulators in Canada and the United States. Reference should be made to "Item 1A - Risk Factors" and "Item 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations - Forward-Looking Statements" in CP's annual and interim reports on Form 10-K and 10-Q. Any forward-looking information contained in this news release is made as of the date hereof. Except as required by law, CP undertakes no obligation to update publicly or otherwise revise any forward-looking information, or the foregoing assumptions and risks affecting such forward-looking information, whether as a result of new information, future events or otherwise. About Canadian PacificCanadian Pacific is a transcontinental railway in Canada and the United States with direct links to major ports on the west and east coasts. CP provides North American customers a competitive rail service with access to key markets in every corner of the globe. CP is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit cpr.ca to see the rail advantages of CP. CP-IR FINANCIAL STATEMENTS INTERIM CONSOLIDATED STATEMENTS OF INCOME(unaudited) For the three monthsended June 30 For the six monthsended June 30 (in millions of Canadian dollars, except share and per share data) 2022 2021 2022 2021 Revenues (Note 3) Freight $       2,154 $        2,008 $       3,950 $       3,926 Non-freight 48 46 90 87 Total revenues 2,202 2,054 4,040 4,013 Operating expenses Compensation and benefits 348 379 761 784 Fuel 370 218 643 424 Materials 63 54 125 113 Equipment rents 29 28 64 61 Depreciation and amortization 211 200 421 402 Purchased services and other (Note 10) 313 355 623 629 Total operating expenses 1,334 1,234 2,637 2,413 Operating income 868 820 1,403 1,600 Less: Equity earnings of Kansas City Southern (Note 10) (208) — (406) — Other expense (Note 4, 10) 7 157 6 129 Merger termination fee (Note 10) — (845) — (845) Other components of net periodic benefit recovery (Note 15) (101) (96) (202) (191) Net interest expense 160 101 320 211 Income before income tax expense 1,010 1,503 1,685 2,296 Income tax expense (Note 5) 245 257 330 448 Net income $          765 $      1,246 $       1,355 $       1,848 Earnings per share (Note 6) Basic earnings per share $         0.82 $         1.87 $         1.46 $         2.77 Diluted earnings per share $         0.82 $         1.86 $ 1.45 $         2.76 Weighted-average number of shares (millions) (Note 6) Basic 929.9 666.7 929.8 666.6 Diluted 932.6 669.9 932.7 669.8 Dividends declared per share $      0.190 $           0.190 $          0.380 $        0.380 See Notes to Interim Consolidated Financial Statements. INTERIM CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME(unaudited) For the three months ended June 30 For the six months ended June 30 (in millions of Canadian dollars) 2022 2021 2022 2021 Net income $            765 $       1,246 $       1,355 $       1,848 Net gain in foreign currency translation adjustments, net of hedgingactivities 719 10 383 20 Change in derivatives designated as cash flow hedges 2 (97) 3 (72) Change in pension and post-retirement defined benefit plans 38 52 77 105 Equity accounted investments 73 — 135 — Other comprehensive income (loss) before income taxes 832 (35) 598 53 Income tax recovery (expense) on above items 2 — (34) (30) Other comprehensive income (loss) (Note 7) 834 (35) 564 23 Comprehensive income $        1,599 $        1,211 $        1,919 $        1,871 See Notes to Interim Consolidated Financial Statements.   INTERIM CONSOLIDATED BALANCE SHEETS AS AT(unaudited) June 30 December 31 (in millions of Canadian dollars) 2022 2021 Assets Current assets Cash and cash equivalents $                    154 $                      69 Restricted cash and cash equivalents — 13 Accounts receivable, net (Note 8) 962 819 Materials and supplies 271 235 Other current assets 224 216 1,611 1,352 Investment in Kansas City Southern (Note 11) 43,203 42,309 Investments 217 209 Properties 21,502 21,200 Goodwill and intangible assets 374 371 Pension asset 2,538 2,317 Other assets 429 419 Total assets $               69,874 $               68,177 Liabilities and shareholders' equity Current liabilities Accounts payable and accrued liabilities $                 1,511 $                 1,609 Long-term debt maturing within one year (Note 12, 13) 1,698 1,550 3,209 3,159 Pension and other benefit liabilities 724 718 Other long-term liabilities 509 542 Long-term debt (Note 12, 13) 18,372 18,577 Deferred income taxes 11,646 11,352 Total liabilities 34,460 34,348 Shareholders' equity Share capital 25,488 25,475 Additional paid-in capital 73 66 Accumulated other comprehensive loss (Note 7) (1,539) (2,103) Retained earnings 11,392 10,391 35,414 33,829 Total liabilities and shareholders' equity $               69,874 $               68,177 See Contingencies (Note 17). See Notes to Interim Consolidated Financial Statements.   INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS(unaudited) For the three monthsended June 30 For the six monthsended June 30 (in millions of Canadian dollars) 2022 2021 2022 2021 Operating activities Net income $             765 $          1,246 $          1,355 $          1,848 Reconciliation of net income to cash provided by operating activities: Depreciation and amortization 211 200 421 402 Deferred income tax expense (Note 5) 114 9 113 60 Pension recovery and funding (Note 15) (72) (65) (144) (126) Equity earnings of Kansas City Southern (Note 10) (208) — (406) — Foreign exchange gain on debt and lease liabilities (Note 4) — (52) — (85) Dividend from Kansas City Southern (Note 10) — — 334 — Other operating activities, net (16) 52 (99) (36) Change in non-cash working capital balances related to operations (87) 564 (254) 473 Cash provided by operating activities 707 1,954 1,320 2,536 Investing activities Additions to properties (370) (416) (596) (739) Proceeds from sale of properties and other assets 11 12 26 49 Other (3) (1) 2 (1) Cash used in investing activities (362) (405) (568) (691) Financing activities Dividends paid (176) (126) (353) (253) Issuance of CP Common Shares 1 8 9 16 Repayment of long-term debt, excluding commercial paper (Note 12) (10) (10) (552) (31) Repayment of term loan (Note 12) (132) — (132) — Net issuance (repayment) of commercial paper (Note 11) 20 (872) 340 (779) Acquisition-related financing fees (Note 10) — (12) — (45) Other — (4) — (4) Cash used in financing activities (297) (1,016) (688) (1,096) Effect of foreign currency fluctuations on U.S. dollar-denominatedcash and cash equivalents 8 (1) 8 (4) Cash position Increase in cash, cash equivalents, and restricted cash 56 532 72 745 Cash, cash equivalents, and restricted cash at beginning of period 98 360 82 147 Cash and cash equivalents at end of period $             154 $             892 $             154 $             892 Supplemental disclosures of cash flow information: Income taxes paid $               93 $             139 $             252 $             272 Interest paid $             169 $               57 $             319 $             212 See Notes to Interim Consolidated Financial Statements.   INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (unaudited) For the three months ended June 30 (in millions of Canadian dollars except pershare data) Common Shares (inmillions) Share capital Additional paid-in capital Accumulated other comprehensive loss Retained earnings Total shareholders' equity Balance as at April 1, 2022 929.9 $  25,486 $             68 $                (2,373) $   10,804 $            33,985 Net income — — — — 765 765 Other comprehensive income (Note 7) — — — 834 — 834 Dividends declared ($0.190 per share) — — — — (177) (177) Effect of stock-based compensation expense — — 5 — — 5 Shares issued under stock option plan 0.1 2 — — — 2 Balance as at June 30, 2022 930.0 $  25,488 $             73 $                (1,539) $   11,392 $            35,414 Balance as at April 1, 2021 666.6 $ 1,993 $             58 $                (2,756) $     8,571 $              7,866 Net income — — — — 1,246 1,246 Other comprehensive loss (Note 7) — — — (35) — (35) Dividends declared ($0.190 per share) — — — — (127) (127) Effect of stock-based compensation expense — — 7 — — 7 Shares issued under stock option plan 0.2 10 (2) — — 8 Balance as at June 30, 2021 666.8 $ 2,003 $             63 $                (2,791) $     9,690 $              8,965   For the six months ended June 30 (in millions of Canadian dollars except per share data) CommonShares (in millions) Share capital Additional paid-in capital Accumulated other comprehensive loss Retained earnings Total shareholders' equity Balance as at January 1, 2022 929.7 $  25,475 $             66 $                (2,103) $   10,391 $            33,829 Net income — — — — 1,355 1,355 Other comprehensive income (Note 7) — — — 564 — 564 Dividends declared ($0.380 per share) — — — — (354) (354) Effect of stock-based compensation expense — — 12 — — 12 Shares issued for Kansas City Southernacquisition — — (2) — — (2) Shares issued under stock option plan 0.3 13 (3) — — 10 Balance as at June 30, 2022 930.0 $  25,488 $             73 $                (1,539) $   11,392 $            35,414 Balance as at January 1, 2021 666.3 $ 1,983 $             55 $                (2,814) $     8,095 $              7,319 Net income — — — — 1,848 1,848 Other comprehensive income (Note 7) — — — 23 — 23 Dividends declared ($0.380 per share) — — — — (253) (253) Effect of stock-based compensationexpense — — 12 — — 12 Shares issued under stock option plan 0.5 20 (4) — — 16 Balance as at June 30, 2021 666.8 $ 2,003 $             63 $                (2,791) $     9,690 $              8,965 See Notes to Interim Consolidated Financial Statements.   NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTSJune 30, 2022 (unaudited) 1    Basis of presentation These unaudited Interim Consolidated Financial Statements ("Interim Consolidated Financial Statements") of Canadian Pacific Railway Limited ("CPRL") and its subsidiaries (collectively, "CP", or "the Company"), expressed in Canadian dollars, reflect management's estimates and assumptions that are necessary for their fair presentation in conformity with generally accepted accounting principles in the United States of America ("GAAP"). They do not include all disclosures required under GAAP for annual financial statements and should be read in conjunction with the 2021 annual Consolidated Financial Statements and notes included in CP's 2021 Annual Report on Form 10-K. The accounting policies used are consistent with the accounting policies used in preparing the 2021 annual Consolidated Financial Statements.  CP's operations can be affected by seasonal fluctuations such as changes in customer demand and weather-related issues. This seasonality could impact quarter-over-quarter comparisons. In management's opinion, the Interim Consolidated Financial Statements include all adjustments (consisting of normal and recurring adjustments) necessary to present fairly such information. Interim results are not necessarily indicative of the results expected for the fiscal year. 2    Accounting changes Implemented in 2022 Government Assistance On January 1, 2022, the Company adopted the new Accounting Standards Update ("ASU") 2021-10, issued by the Financial Accounting Standards Board ("FASB"), and all related amendments under FASB Accounting Standards Codification ("ASC") Topic 832, Government Assistance. The amendment is made to increase transparency by introducing specific disclosure requirements for entities who apply a grant or contribution model by analogy to account for transactions with a government. This update is applied to government assistance transactions within the scope of this amendment that are in the financial statements at the date of initial application and prospectively to new transactions entered into after initial application. See Note 9 for further discussion on government assistance. All other accounting pronouncements that became effective during the period covered by the Interim Consolidated Financial Statements did not have a material impact on the Company's Consolidated Financial Statements and related disclosures. Future changes Contract Assets and Contract Liabilities Acquired in a Business Combination In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805), Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. This amendment introduces the requirement for an acquirer to recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with the requirements of FASB ASC Topic 606, Revenue from Contracts with Customers, rather than at fair value. This amendment will be effective prospectively from January 1, 2023, with early adoption permitted. The Company is currently assessing the impact of this amendment. All other accounting pronouncements recently issued, but not effective until after June 30, 2022, have been assessed and are not expected to have a material impact on the Company's Consolidated Financial Statements and related disclosures. 3    Revenues  The following table disaggregates the Company's revenues from contracts with customers by major source: For the three monthsended June 30 For the six monthsended June 30 (in millions of Canadian dollars) 2022 2021 2022 2021 Freight Grain $             370 $             444 $             730 $             892 Coal 163 170 302 333 Potash 171 134 275 235 Fertilizers and sulphur 85 78 163 155 Forest products 104 90 190 170 Energy, chemicals and plastics 340 369 650 757 Metals, minerals and consumer products 228 180 409 339 Automotive 120 98 211 206 Intermodal 573 445 1,020 839 Total freight revenues 2,154 2,008 3,950 3,926 Non-freight excluding leasing revenues 27 26 49 50 Revenues from contracts with customers 2,181 2,034 3,999 3,976 Leasing revenues 21 20 41 37 Total revenues $          2,202 $          2,054 $          4,040 $          4,013   Contract liabilities        Contract liabilities represent payments received for performance obligations not yet satisfied and relate to deferred revenue and are presented as components of "Accounts payable and accrued liabilities" and "Other long-term liabilities" on the Company's Interim Consolidated Balance Sheets. The following table summarizes the changes in contract liabilities: For the three months ended June 30 For the six monthsended June 30 (in millions of Canadian dollars) 2022 2021 2022 2021 Opening balance $               67 $            114 $              67 $              61 Revenue recognized that was included in the contract liability balanceat the beginning of the period (7) (19) (11) (23) Increase due to consideration received, net of revenue recognizedduring the period 9 150 13 207 Closing balance $               69 $           245 $              69 $            245   4    Other expense For the three monthsended June 30 For the six months ended June 30 (in millions of Canadian dollars) 2022 2021 2022 2021 Foreign exchange gain on debt and lease liabilities $                — $              (52) $                — $              (85) Other foreign exchange gains — (3) (2) (2) Acquisition-related costs (Note 10) — 209 — 212 Other 7 3 8 4 Other expense $                  7 $             157 $                  6 $             129   5    Income taxes For the three monthsended June 30 For the six monthsended June 30 (in millions of Canadian dollars) 2022 2021 2022 2021 Current income tax expense $             131 $             248 $             217 $             388 Deferred income tax expense 114 9 113 60 Income tax expense $             245 $             257 $             330 $             448 The effective tax rates including discrete items for the three and six months ended June 30, 2022 were 24.21% and 19.59%, respectively, compared to 17.10% and 19.50%, respectively for the same periods of 2021. For the three months ended June 30, 2022, the effective tax rate was 24.25%, excluding the discrete items of equity earnings of Kansas City Southern ("KCS"), acquisition-related costs incurred by CP of $19 million, and outside basis deferred tax expense of $49 million arising from the difference between the carrying amount of CP's investment in KCS for financial reporting and the underlying tax basis of this investment. For the three months ended June 30, 2021, the effective tax rate was 24.60%, excluding the discrete items of the merger termination fee of $845 million (U.S. $700 million) received in connection with KCS's termination of the Original Merger Agreement, foreign exchange ("FX") gain of $52 million on debt and lease liabilities, and acquisition-related costs of $308 million. For the six months ended June 30, 2022, the effective tax rate was 24.25%, excluding the discrete items of equity earnings of KCS, acquisition-related costs incurred by CP of $39 million, and outside basis deferred tax expense of $17 million arising from the difference between the carrying amount of CP's investment in KCS for financial reporting and the underlying tax basis of this investment. For the six months ended June 30, 2021, the effective tax rate was 24.60%, excluding the discrete items of the merger termination fee of $845 million (U.S. $700 million), FX gain of $85 million on debt and lease liabilities, and acquisition-related costs of $344 million. 6    Earnings per share Basic earnings per share has been calculated using Net income for the period divided by the weighted-average number of shares outstanding during the period. The number of shares used in the earnings per share calculations are reconciled as follows: For the three months ended June 30 For the six months ended June 30 (in millions) 2022 2021 2022 2021 Weighted-average basic shares outstanding 929.9 666.7 929.8 666.6 Dilutive effect of stock options 2.7 3.2 2.9 3.2 Weighted-average diluted shares outstanding 932.6 669.9 932.7 669.8 For the three and six months ended June 30, 2022, there were 0.8 million and 0.4 million options, respectively, excluded from the computation of diluted earnings per share because their effects were not dilutive (three and six months ended June 30, 2021 - nil).  7    Changes in Accumulated other comprehensive loss ("AOCL") by component For the three months ended June 30 (in millions of Canadian dollars) Foreign currencynet of hedging activities(1) Derivatives(1)(2) Pension and post-retirement definedbenefit plans(1) Equityaccountedinvestments(1)(2) Total(1) Opening balance, April 1, 2022 $                      (531) $                  (3) $                   (1,884) $                       45 $          (2,373) Other comprehensive incomebefore reclassifications 748 — — 57 805 Amounts reclassified from accumulated othercomprehensive loss — 1 28 — 29 Net other comprehensive income 748 1 28 57 834 Closing balance, June 30, 2022 $                       217 $                  (2) $                   (1,856) $                     102 $          (1,539) Opening balance, April 1, 2021 $                       112 $                (21) $                   (2,839) $                        (8) $         (2,756) Other comprehensive lossbefore reclassifications (2) (72) — (2) (76) Amounts reclassified from accumulated other comprehensive loss — 2 39 — 41 Net other comprehensive (loss) income (2) (70) 39 (2) (35) Closing balance, June 30, 2021 $                       110 $                (91) $                   (2,800) $                      (10) $          (2,791) (1)   Amounts are presented net of tax. (2) Comparative figures have been reclassified to conform with current period presentation.   For the six months ended June 30 (in millions of Canadian dollars) Foreign currencynet of hedgingactivities(1) Derivatives(1)(2) Pension and post-retirement definedbenefit plans(1) Equity accounted investments(1)(2) Total(1) Opening balance, January 1, 2022 $                       (182) $                  (4) $                   (1,915) $                        (2) $          (2,103) Other comprehensive incomebefore reclassifications 399 — — 103 502 Amounts reclassified fromaccumulated othercomprehensive loss — 2 59 1 62 Net other comprehensive income 399 2 59 104 564 Closing balance, June 30, 2022 $                        217.....»»

Category: earningsSource: benzingaJul 28th, 2022

Adtalem (ATGE) Up 17.4% in Last 6 Months: Factors to Note

Adtalem (ATGE) benefits from solid demand for healthcare programs and offerings. Adtalem Global Education Inc. ATGE has been rallying over the past few months. Its shares gained 17.4% in the last six months against the Zacks Schools industry’s 9.7% fall.This leading global education provider has been gaining from strong demands for its healthcare programs and offerings and strategic collaboration to boost enrollment and cost-saving initiatives.Despite the higher educational and student services cost and administrative expenses hurting Adtalem, it posted strong third-quarter fiscal 2022 revenues and earnings, thanks to the Walden acquisition.Image Source: Zacks Investment ResearchFor fiscal 2022, the company expects revenues within $1,350-$1,390 million versus $1,112.4 million reported a year ago. It also anticipates adjusted earnings per share guidance within $3.15-$3.35 versus $2.98 registered in fiscal 2021.Earnings estimates for the fiscal fourth quarter reflect a 25.7% year-over-year improvement. The consensus mark for revenues projects 23.8% yearly growth.This positive trend signifies analysts’ bullish sentiments and justifies the company’s Zacks Rank #1 (Strong Buy), indicating robust fundamentals and the expectation of outperformance in the near term. You can see the complete list of today’s Zacks #1 Rank stocks here.Let’s dig into the factors that are expected to support Adtalem in future.Solid Demand for Healthcare Professionals to Drive Revenue: Despite a soft enrollment trend in the past few quarters, Adtalem’s healthcare institutions are likely to boost revenues in the future. This university remains well-positioned to gain from the growing demand for nurses and other healthcare professionals and the increasing roles they play in the healthcare industry.The company plans to capitalize on this supply-demand imbalance in nursing and the broader healthcare industry by investing in new programs in markets where it sees the maximum demand. The company is optimistic about the demand trend in the medical and healthcare segment from both students and employees.The company has been undertaking initiatives to be a pure-play, leading provider of talent to the healthcare industry. In sync with this, Adtalem recently completed the divesture of its Financial Services segment to a consortium of Wendel Group and Colibri Group for $1 billion in cash.This apart, it has implemented modifications in the pricing model in certain markets to align the advertised credit hour prices. Also, it has expanded the evening and weekend classes to attract more students. It further expects to open a few more campuses across the country.Strategic Investment Bodes Well: Adtalem laid out plans to ensure a balanced focus of investment initiatives to deliver direct returns to shareholders. Firstly, the company will emphasize partnering with corporations, hospitals, government agencies and professional organizations to design education programs to teach new skills to employees. Also, more short-term programs will be introduced, which are directly aimed at meeting student’s preferences and employer’s needs.On Nov 16, 2021, the company announced a two-year strategic partnership with the Society of Teachers of Family Medicine — a national community of academic leaders committed to developing an accomplished family medicine workforce prepared to serve as the foundation of America’s healthcare system.Again in fiscal 2021, Adtalem acquired Laureate Education’s leading online healthcare education unit — Walden University. Walden’s on-campus and hybrid educational offerings, high-quality online education along with diversified healthcare workforce complement Adtalem’s strength as a leading healthcare workforce solutions provider. Encouragingly, the combined organization will become the top provider of MDs, PhDs and nursing degrees to African Americans in the world.Cost-Saving Efforts: Adtalem undertook various cost-saving initiatives like workforce reduction, centralized operations and curbing discretionary spending through supply management. The cost of educational services decreased due to lower bad debt expenses. The company follows a strict cost-control routine, emphasizing controlling and escalating costs at some institutions.The company is optimistic about achieving at least $60 million in annual run-rate cost synergies in the future. Also, the company is positive about its portfolio management approach and effective cost management efforts to drive sustainability in revenues and earnings growth over the long term.Superior ROE: Adtalem’s superior return on equity (ROE) also indicates its growth potential. The company’s ROE currently stands at 11%. This compares favorably with the negative ROE of 6.2% for the industry it belongs to. It indicates efficiency in using its shareholders’ funds and Adtalem’s ability to generate profit with minimum capital usage.3 Other Consumer Discretionary Stock to Bet onLincoln Educational Services Corporation LINC: Based in West Orange, NJ, this company provides career-oriented post-secondary education services to high school graduates and working adults in the United States. Improved operating performance at its campuses, consolidating facilities, a new welding program, a reinvigorated corporate partnership and changes in the admissions team have been favoring Lincoln.Lincoln currently carries a Zacks Rank #2 (Buy). The Zacks Consensus Estimate for 2022 earnings has been revised upward from 63 cents to 65 cents in the past 60 days. The projected figure indicates a 37.5% fall from the year-ago quarter’s levels.TAL Education Group TAL: Based in Beijing, the company provides tutoring services to K-12 students in the People's Republic of China.TAL currently carries a Zacks Rank #2. Although the Zacks Consensus Estimate for fiscal 2023 earnings has deteriorated in the past 60 days to a loss of 28 cents, it reflects a 81.2% improvement from year ago period.Perdoceo Education Corporation PRDO: This Zacks Rank #2 company has been benefiting from an improvement in enrollment trends at both of its segments — Colorado Technical University (CTU) and American InterContinental University (AIU). Apart from higher revenues, operating efficiencies at CTU and AIU and the Trident acquisition bode well. The company’s focus on increased investments in technology and student-serving processes drives growth.The Zacks Consensus Estimate for PRDO’s 2022 earnings has been revised upward from $1.32 per share to $1.38 in the past 60 days. The projected figure indicates a 18.8% fall from the year-ago quarter’s levels. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>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 Lincoln Educational Services Corporation (LINC): Free Stock Analysis Report TAL Education Group (TAL): Free Stock Analysis Report Adtalem Global Education Inc. (ATGE): Free Stock Analysis Report Perdoceo Education Corporation (PRDO): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJul 1st, 2022

This 19-year-old flew a plane around the world to encourage more women to become pilots

"It's hard for a girl to see themselves in this field," Zara Rutherford said, pointing to the small number of female commercial pilots. Zara Rutherford lands in Wevelgem airport in Belgium on January 20 after flying solo around the world.Olivier Matthys/Getty Images Zara Rutherford became the youngest woman to fly solo around the world in January. She wants more women to feel like they could pursue careers in aviation. "It's hard for a girl to see themselves in this field," Rutherford told Insider. A 19-year-old woman who flew a plane around the world said she embarked on her epic journey to encourage more women and girls into careers in aviation and related fields.Zara Rutherford became the youngest woman to circumnavigate the world solo in January. She is also the first person to fly around the world in a microlight plane.The record had been held by Shaesta Waiz, who completed a trip around the world aged 30 in 2017.Speaking to Insider at the European business aviation convention last month, Rutherford said she didn't see many female pilots growing up and didn't feel like she could talk about aviation with friends at her all-girls school. "It was quite discouraging. Only 5% of commercial pilots are women, it's hard for a girl to see themselves in this field," she said. Rutherford, whose parents are both pilots, already had some international flying experience.Problems meant the journey took longer than anticipated After starting in Belgium, she headed west towards north and south America before heading for Russia and Siberia.Rutherford told Insider she originally intended to spend one night with a family in Alaska, but ended up staying for a month after her Russian visa expired and turbulent weather ruled out flying. The 19-year-old said the flights from Alaska and over Siberia were the most difficult because "every single flight something went wrong," adding that she found it difficult to mentally "reset" after each flight.Flying between the Russian cities of Anadyr and Magadan was also challenging because there was "just nothing" there apart from a weather station reporting temperatures of minus 35 degrees Celsius, Rutherford said."I was nervous because every single thing had to go perfectly – the weather had to be perfect, the wind had to be perfect, or I would run out fuel." Fuel levels meant turning back was often not an option, she added.Rutherford finished where she began at Kortrijk-Wevelgem airport in Belgium on January 20 after five months travelling the world.'People keep asking me what's next'Zara Rutherford is the youngest woman to fly solo around the world.Olivier Matthys/Getty ImagesThe pilot has hopes to stay in aviation, but also plans to go to university. Reflecting on her flights around the world, Rutherford said she does not see her experience as something she needs to personally "beat." "People keep asking me what's next. Flying around the world is tough to beat, but I don't see it like that. Whether it's flying around the world, or running a marathon, or even just overcoming a small challenge – you can't really compare them," Rutherford told Insider. "Even if you could, I would argue flying around the world and solving a maths problem I've had hours of difficulty with … actually I'm just as proud of either."Read the original article on Business Insider.....»»

Category: dealsSource: nytJun 18th, 2022

Bitcoin And Ether Get Another Bruising As Millions Lose Out In The Crypto Wild West

Bitcoin falls by 10% to below $25,000, its lowest level since December 2020. Ether falls by 13% to below $1270, its lowest level since January 2021. Investors take flight from crypto as worries about inflation ratchet up. Worries about the losses for millions of people, especially as so many borrowed to invest in crypto. Bitcoin […] Bitcoin falls by 10% to below $25,000, its lowest level since December 2020. Ether falls by 13% to below $1270, its lowest level since January 2021. Investors take flight from crypto as worries about inflation ratchet up. Worries about the losses for millions of people, especially as so many borrowed to invest in crypto. Bitcoin And Ether Get Another Bruising “As inflation proves to be an even trickier opponent to beat than expected, Bitcoin and Ether are continuing to get a severe bruising in the ring. They are prime victims of the flight away from risky assets as investors fret about spiralling  consumer prices around the world. The worry is that inflation is becoming too hot to handle by central banks who will be forced to douse economies with jets of freezing water, in the form of much steeper interest rate rises, to get it under control. With the era of cheap money coming rapidly to an end, traders are becoming much more risk averse and turning their backs on crypto assets. .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 .af-body.af-standards 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 The Full Ray Dalio Series in PDF Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q1 2022 hedge fund letters, conferences and more The fresh fall in crypto was prompted after data in the US on Friday painted an even worse than expected picture of higher costs for consumers, with the CPI index coming in at 8.6%. Bitcoin has fallen to below $25,000, dropping another 10% in just 24 hours. It is back down to levels it was in December 2020, before the jagged ascent to the heady heights reached in November 2021 of more than $68,000. Ether dropped by another 13% in 24 hours to below $1270. Crypto fans have become used to volatile rides, but these rollercoaster descents are increasingly hard to stomach. Bitcoin has lost 61% while Ether has fallen by 72% since their respective November highs. Red lines on a chart belie the financial pain which this loss of value is set to cause for millions of crypto holders. Data from the UK’s Financial Conduct Authority showed that 14% of adults who had bought crypto during the pandemic had got into debt to do so. At a time when costs are escalating all over the place, nursing a big hole in a crypto wallet is the last blow they need. It’s a stark reminder that dabbling in the crypto wild west is highly risky and investments in such assets should only be at the edges of a portfolio, with money you can afford to lose." Article by Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown About Hargreaves Lansdown Over1.7 million clients trust us with £132.2 billion (as at 30 April 2022), making us the UK’s number one platform for private investors. More than 98% of client activity is done through our digital channels and over 600,000 access our mobile app each month. Updated on Jun 13, 2022, 4:38 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; 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: valuewalkJun 13th, 2022

Major union leaders call on Biden to enact "robust" student-loan forgiveness for everyone, no matter how much they make

The Biden administration seems to be gearing up to forgive $10,000 for borrowers making under $150,000. The country's major unions want more. Democratic presidential candidate Joe Biden briefly visits with local labor leaders following a group photo at the state's AFL-CIO headquarters on Labor Day, September 07, 2020 in Harrisburg, Pennsylvania.Chip Somodevilla/Getty Images Some of the country's leading unions sent the White House a letter calling for broad student debt relief, per Politico. It's not the first time organized labor has taken a stand for more student loan forgiveness. Biden has continually spoken about the importance of upholding organized labor. As President Joe Biden inches closer to making a decision on student-loan forgiveness, leaders of major unions and the largest labor federation in the country want more than what he seems poised to deliver.In a letter obtained by Politico, the heads of the AFL-CIO, AFSCME, AFT, NEA, and SEIU — who together represent workers in education, warehouses, restaurants, and more — called on the administration to "'enact robust student loan forgiveness" that isn't subject to income caps and doesn't require arduous paperwork.The letter comes after reports that Biden is considering only forgiving debt for borrowers who make less than $150,000 or $300,000 for married couples. Critics say these requirements could cause a "paperwork nightmare."Labor leaders noted in the letter that the majority of borrowers "are not attending Ivy League or other elite colleges." That might be a reference to remarks from Biden in a February 2021 town hall, where he said he would not enact $50,000 in student loan forgiveness."I will not make that happen. It depends on whether or not you go to a private university or public university," Biden said. "It depends on the idea that I say to a community, 'I'm going to forgive the debt…' — the billions of dollars in debt for people who have gone to Harvard and Yale and Penn."The Brookings Institute found that, as of 2014, the most recent year for which data was available, Harvard students owed $1.2 billion in debt. University of Pennsylvania students owed $2.1 billion, while Yale students were sitting on $760 million in debt.This isn't the first time labor leaders have joined the push for broad student-loan forgiveness. In May, Insider reported that the AFL-CIO's Liz Shuler was pushing the president to cancel student debt, saying at the time that "organized labor was built on the foundation of creating a pathway to the middle class for everyone, but skyrocketing student loan debt has become an insurmountable obstacle to achieving this goal."Labor unions are a key constituency for the Biden administration, with the president continually affirming his support for organized labor — and even inviting union organizers to the White House. "In my White House, you'll always be welcome. You'll always be welcome. Labor will always be welcome," Biden said in remarks honoring unions. "I intend to be the most pro-union President leading the most pro-union administration in American history."Recent reports have suggested Biden is considering $10,000 in relief for borrowers making under $150,000 a year, and that announcement will likely be made in July or August, closer to when the pandemic pause on student-loan payments is set to end after August 31.But the idea of subjecting the relief to thresholds has some Democratic lawmakers and experts, along with the union leaders, worried. Insider previously reported on the administrative burden verifying incomes for millions of borrowers would be, and Mike Pierce, executive director of nonprofit Student Borrower Protection Center, said income caps would likely "end up making it hard or impossible for the lowest-income people to actually get their debt canceled."And New York Rep. Alexandria Ocasio-Cortez recently said $10,000 in relief, with income caps, would anger "the people who need forgiveness the most."Republican lawmakers, on the other hand, have slammed the idea of broad relief, with some saying it will cost taxpayers, exacerbate inflation, and serve as a bribe to Democratic voters. But as millions of borrowers await an announcement of relief, advocates want to ensure Biden isn't missing an opportunity to make a significant impact for as many people as possible.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderJun 7th, 2022

14 movies and shows about the multiverse, from "Spider-Man: No Way Home" to "Everything Everywhere All at Once"

Movies and shows about parallel worlds and branching timelines are nothing new. Here are some of the best multiverse stories you can stream now. Prices are accurate at the time of publication.When you buy through our links, Insider may earn an affiliate commission. Learn more.Ke Huy Quan in "Everything Everywhere All at Once."A24 The multiverse is a longstanding sci-fi storytelling device that features parallel worlds.  Marvel's new "Doctor Strange" movie is the latest hit film to explore the concept, but it's not the first.  Other movies and series with multiverse plots include "Everything Everywhere All at Once" and "Star Trek." With the releases of "Doctor Strange in the Multiverse of Madness" and "Everything Everywhere All at Once," multiverses in fiction are having a moment. Two of the biggest movies of 2022 take on the parallel world-spanning concept, but it's not a new idea. Filmmakers have been exploring stories related to multiple universes for a long time. In general, "multiverse" is a term scientists use to describe the theory of multiple universes existing alongside each other that, together, comprise everything that exists: matter, time, space, and the physical laws that describe them. While scientists continue to debate the real existence of the multiverse, tons of science fiction, comic book, and fantasy stories have latched onto the concept. In the context of popular fiction, you may also hear terms like alternate realities, alternate universes, parallel universes, time loops, and alternate dimensions to describe sci-fi plots related to the multiverse.  With the increasing popularity of multiverse stories in mind, we decided to take a look at some key examples from film and TV, along with details on where you can stream each movie and show right now.For a title to make our list, it must have at least one parallel universe or alternate timeline that's key to its storyline. Additionally, all of our picks are "fresh" on Rotten Tomatoes, meaning they have at least a 60% average rating from critics.Check out the best multiverse movies and shows you can stream:'Spider-Man: Into the Spider-Verse' (2018)Sony Pictures Entertainment (SPE)Rent "Spider-Man: Into the Spider-Verse" on Prime Video, Vudu, or Apple TV for $4What's it about? "Spider-Man: Into the Spider-Verse" is an animated movie that follows Miles Morales, an alternate version of Spider-Man from Marvel Comics, as he gains superpowers. How does it feature the multiverse? The film's villain, the nefarious Kingpin, opens the doorway to other universes, which leads to multiple versions of Spider-Man teaming up to stop him. The other Spider-Man characters include Peter B. Parker, Gwen Stacy/Spider-Woman, Noir Spider-Man, and even Spider-Ham, a pig. 'Doctor Who' (2005—)Billie Piper and David Tennant in "Doctor Who."BBCStream "Doctor Who" on HBO MaxWhat's it about? "Doctor Who" is a long-running British sci-fi series about an alien time traveler, the Doctor, who frequently journeys with human companions. The Doctor can regenerate when they're near death, which leads to new actors taking on the role. The show originally began in 1963, and the modern version of the series started in 2005.How does it feature the multiverse? In season two of the "Doctor Who" reboot, the barrier between the show's main universe and an alternate universe breaks down, culminating in a finale where the pathway has to be closed. Later seasons show that the barrier can be reopened to facilitate travel across universes.'Star Trek' (2009)Paramount PicturesStream "Star Trek" on Paramount PlusWhat's it about? J.J. Abrams' first big-screen "Star Trek" movie takes a look at the early adventures of beloved characters from the franchise's original series, including James T. Kirk and Spock.How does it feature the multiverse? Time travel is a key plot point in the movie when a wormhole pulls an older version of Spock (played by Leonard Nimoy) into the past. This creates a new timeline and gives the character a chance to interact directly with younger versions of himself (Zachary Quinto) and Kirk (Chris Pine). By setting the 2009 reboot of "Star Trek" in a parallel timeline to the original series, director J.J. Abrams is able to preserve existing "Star Trek" canon while giving himself space to create new, modern stories with classic characters in a brand-new universe. 'Everything Everywhere All at Once' (2022)Stephanie Hsu, Michelle Yeoh, and Ke Huy Quan in "Everything Everywhere All at Once."A24Preorder "Everything Everywhere All at Once" on Prime Video, Vudu, or Apple TV for $20What's it about? As Lunar New Year approaches and an IRS audit is in full swing, Evelyn Wang (Michelle Yeoh) discovers the existence of the multiverse through an alternate version of her husband, who warns of a danger that only she can stop. How does it feature the multiverse? With newfound powers, Evelyn must brave the multiverse to save her own world's future. The movie includes elements of a few genres like science fiction, fantasy, martial arts, and comedy, all of which influence the different universes that Evelyn passes through. 'Sliding Doors' (1998)AlamyStream "Sliding Doors" on HBO Max or Amazon FreeveeWhat's it about? "Sliding Doors" is a romantic drama starring Gwyneth Paltrow and John Hannah. It shows the parallel paths that a woman's life can take based on one seemingly small change in her day.How does it feature the multiverse? The movie presents two parallel stories that branch apart based on whether the main character makes or misses a train. Both paths lead to surprising outcomes. Unlike most of the movies on our list with big sci-fi concepts, "Sliding Doors" is unique for its use of multiverse storytelling within a more traditional romantic drama setting.   'Loki' (2021—)We need more of Alligator Loki (and the rest of the Loki gang, too).Marvel StudiosStream "Loki" on Disney PlusWhat's it about? In this Disney Plus series, fan-favorite Marvel character Loki (Tom Hiddleston) deals with the fallout of the Avengers' time-traveling exploits in "Avengers: Endgame." This ultimately leads him on a universe-hopping adventure where he meets alternate versions of himself. How does it feature the multiverse? "Loki" introduces the idea that there are countless separate universes coexisting alongside Marvel's primary timeline, and that countless versions of known characters exist across these infinite worlds. The show also features the first on-screen appearance of the Time Variance Authority (TVA), a group that tries to prevent branching timelines.'Spider-Man: No Way Home' (2021)Tobey Maguire, Tom Holland, and Andrew Garfield in "Spider-Man: No Way Home."Sony PicturesRent "Spider-Man: No Way Home" on Prime Video, Vudu, or Apple TV for $6What's it about? "Spider-Man: No Way Home" picks up exactly where "Spider-Man: Far From Home" ends: with Spider-Man's identity as Peter Parker (Tom Holland) being revealed to the world. Peter goes to Doctor Strange to see if there's a spell that can turn his life back to normal. How does it feature the multiverse? Following the events of "Loki," "Spider-Man: No Way Home" uses the multiverse to fold older characters from Sony's Spider-Man movies into Disney's Marvel Cinematic Universe. After a spell goes wrong and the barrier between worlds breaks, heroes and villains from Tobey Maguire and Andrew Garfield's Spider-Man franchises all converge. 'Doctor Strange in the Multiverse of Madness' (2022)From left: Benedict Cumberbatch, Xochitl Gomez, and Rachel McAdams in "Doctor Strange in the Multiverse of Madness."Marvel StudiosStream "Doctor Strange in the Multiverse of Madness" on Disney Plus starting June 22What's it about? Doctor Strange (Benedict Cumberbatch) faces off against Wanda Maximoff, a.k.a. the Scarlet Witch (Elizabeth Olsen), following the events of "WandaVision." Wanda believes she can find her sons who disappeared, but needs the power of a multiversal traveler to do so. How does it feature the multiverse? A new character from Marvel comics, America Chavez (Xochitl Gomez), makes her debut, and she has the power to punch her way through the multiverse, making stops on different Earths along the way. This leads to Doctor Strange traveling to multiple worlds where he meets alternate versions of Marvel characters, including himself.'Palm Springs' (2020)"Palm Springs."Neon/HuluStream "Palm Springs" on HuluWhat's it about? In this twist on a classic "Groundhog Day" style time loop, Nyles (Andy Samberg) meets Sarah (Cristin Milioti) at a wedding and through a series of events, they both are forced to repeat the same day over and over again. How does it feature the multiverse? The multiverse in "Palm Springs" comes as a result of the time loop the characters are trapped in. The movie uses science fiction to explain the existence of the time loop as a universe parallel to our regular world, with each repeating day creating an alternate reality. 'Happy Death Day 2U' (2019)Michele K. Short/Universal PicturesRent "Happy Death Day 2U" on Prime Video, Vudu, or Apple TV for $4What's it about? In this sequel to "Happy Death Day," protagonist Tree Gelbman (Jessica Rothe) finds herself in an alternate universe where she is once again stuck in a time loop that leads to her murder. How does it feature the multiverse? Without veering too much into spoiler territory, the "Happy Death Day" movies all deal with the multiverse as a result of time loops that force the main character to relive the day of her death over and over again. The sequel, "Happy Death Day 2U," exists in an alternate reality from the original movie and sees Tree jumping between universes. 'What If…?' (2021—)"What If...?" / Disney PlusStream "What If…?" on Disney PlusWhat's it about? "What If…?" expands on Marvel's multiverse with a series of episodes that reimagines major moments from the MCU in alternate worlds.How does it feature the multiverse? Each episode focuses on a new story set in a parallel world. One episode features an alternate reality where Peggy Carter receives the super-soldier serum instead of Steve Rogers. In another episode, a new timeline explores a world in which Ultron defeated the Avengers. All of these worlds are overseen by a character called The Watcher (Jeffrey Wright). 'The Flash' (2014—) and other Arrowverse showsMelissa Benoist, Grant Gustin, and Tyler Hoechlin are part of the Arrowverse.The CWStream "The Flash" on NetflixWhat's it about? Based on the DC comics character, "The Flash" follows Barry Allen (Grant Gustin), a crime fighter who uses his super-speed powers to protect Central City. "The Flash" exists as part of the CW's Arrowverse, which also includes shows like "Legends of Tomorrow," "Supergirl," and "Batwoman."How does it feature the multiverse? "The Flash" continually explores alternate universes and time travel. In early 2020, the show was part of a crossover event between six Arrowverse shows titled "Crisis on Infinite Earths." The event featured heroes and villains from many past and present DC shows and movies banding together to save the DC multiverse.'Rick and Morty' (2013—)Adult SwimStream "Rick and Morty" on HBO MaxWhat's it about? "Rick and Morty" focuses on the comical misadventures of a mad scientist and his grandson as they travel through space, time, and other dimensions. How does it feature the multiverse? Through Rick and Morty's adventures together, the show introduces a host of new universes and frequently uses alternate realities as part of its storytelling. Multiple versions of Rick appear in many episodes, and an alternate version of Morty even serves as one of the show's villains.'Run Lola Run' (1998)ArteStream "Run Lola Run" on ShowtimeWhat's it about? "Run Lola Run" is a German thriller that follows a woman named Lola (Franka Potente), who has 20 minutes to obtain and deliver 100,000 Deutchmarks to save her boyfriend from being killed. How does it feature the multiverse? The film's plot is structured in a time loop, which resets every time Lola fails. We see the story unfold three times, each with variations that cause different outcomes. Though open to interpretation, the movie hints that some characters may even vaguely remember aspects of what they experienced in the other timelines. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderJun 3rd, 2022

28 historical fiction books that will whisk you away to a different world

Explore the best historical fiction books, from new releases to recent classics like "Pachinko" and "Where the Crawdads Sing." Prices are accurate at the time of publication.When you buy through our links, Insider may earn an affiliate commission. Learn more.Some of the best historical fiction books of all time include "The Vanishing Half," "Pachinko," "The Nightingale," "Where the Crawdads Sing," and "The Underground Railroad."Amazon; Rachel Mendelson/Insider Historical fiction books transport us through time. They captivate readers and illuminate an important moment in history. Our recommendations range from historical fiction classics to new releases. Books can transport us across galaxies and mythical lands. With historical fiction books in particular, we can be taken through time by characters who illuminate real events and stories that demand to be told. Our favorite historical fiction novels may highlight the trials of refugees in the early 1900s or a familial tale that stretches generations, but they all use compelling characters and memorable plots to bring the past to life.  To create this list of recommendations, we looked at readers' favorite historical fiction books of all time, from new titles on bestseller lists to classics that are still receiving rave reviews on Goodreads. So whether you want to explore 12th-century England or a Pulitzer Prize-winning story about the underground railroad, here are some of the best historical fiction books to read in 2022.The 28 best historical fiction books of all time:A historical fiction book about books, World War II, and murderAmazon"The Diamond Eye" by Kate Quinn, available on Amazon and Bookshop, from $16.19Known for her bestseller "The Rose Code," Quinn's latest historical fiction read is about a bookworm name Mila Pavlichenko who becomes World War II's deadliest sniper when she's pulled from her life and thrust onto the battlefield. Torn once again from her world after her 300th kill, Mila is sent on a goodwill tour in America where an old foe and a new enemy bring the battlefield and haunting demons across the world for the deadliest battle of Mila's life. A historical fiction read that serves as a lens for forced sterilizationBookshop"Take My Hand" by Dolen Perkins-Valdez, available at Amazon and Bookshop, from $18.90Civil Townsend is fresh out of nursing school in 1973 when her new job at the local family planning clinic introduces her to the Williams sisters who, at ages 11 and 13, have their lives irrevocably changed forever. Based on the true horror of forced sterilization of poor Black people and the case of Mary Alice and Minnie Lee Relf, "Take My Hand" is a moving and gripping novel that not only illuminates real events but highlights the importance of even one voice in the face of injustice. A historical fiction story within a storyAmazon"Trust" by Hernan Diaz, available at Amazon and Bookshop, from $25.20All of New York seems to have read "Bonds," a 1938 novel about the mysterious wealth of Benjamin and Helen Rask in the 1920s, though this isn't the only version of the story. A book within a book, "Trust" tells a story where fact is interwoven with fiction, allowing the reader to unravel the truth as money, power, and what the characters want to believe about themselves manipulates the truth.A historical fiction book about separated and reconnected siblingsAmazon"We Measure the Earth with Our Bodies" by Tsering Yangzom Lama, available at Amazon and Bookshop, from $24.30Lhamo and Tenkyi are sisters who have just survived a perilous journey across the Himalayas to a refugee camp on the border of Nepal as China invaded Tibet in 1959, though the trip left them orphaned. Decades later, the sisters are separated but connected through Lhamo's daughter, who finds a statue in a collector's vault that was once from her mother's village, carved in the image of a nameless saint and known for vanishing and reappearing in times of need.A historical fiction critique on sexism in the science industryAmazon"Lessons in Chemistry" by Bonnie Garmus, available at Amazon and Bookshop, from $18.48In 1960s California, Elizabeth Zott's career as a chemist in a male-dominated science industry takes a sharp turn when she finds herself the star of America's favorite cooking show. With an unusual and revolutionary approach to cooking, Elizabeth isn't just teaching women a new way to cook — she's teaching them how to defy the status quo in this delightful and hilarious new historical fiction read.  A historical fiction story that's part coming-of-age and part murder mysteryAmazon"Where The Crawdads Sing" by Delia Owens, available at Amazon and Bookshop, from $9.98 In this coming-of-age story driven by the mystery of a possible murder, Kya Clark is a young woman with only one day of schooling who's been surviving alone in the marsh since she was seven, earning herself the nickname "Marsh Girl." When a popular boy is found dead, Kya is an immediate suspect. This novel shows both the beauty of the natural world and the violence of pain, shifting between Kya's resilient life on the marsh and the tantalizing murder mystery. A multi-generational historical fiction story of a Korean family's migration to JapanAmazon"Pachinko" by Min Jin Lee, available at Amazon and Bookshop, from $14.99 This National Book Award finalist takes place in the early 1900s Korea where readers meet Sunja, a teenage girl who falls in love with a wealthy stranger who promises her the world. When she discovers that he's married and she's pregnant, Sunja must instead accept a proposal from a minister on his way to Japan, rejecting the powerful father of her son in the process. This read contains a lot of fascinating history and follows four generations of a Korean family through Japanese colonization, war, and the divide of North and South Korea.A historical fiction book about women’s bravery during World War IIAmazon"The Nightingale" by Kristin Hannah, available at Amazon and Bookshop, from $8.18"The Nightingale" takes place in France and begins just before the Nazi invasion in 1939. It's the story of unbreakable resolve and an untold perspective of World War II, following two sisters as one trying to keep her daughter safe as a German captain claims her home, while the other risks her life by joining the resistance. Despite being over 400 pages, it's a fast read that brought me to tears on more than one occasion and is my personal favorite historical fiction book.An intertwining historical fiction tale of twin sistersAmazon"The Vanishing Half" by Brit Bennett, available at Amazon and Bookshop, from $18.65 "The Vanishing Half" is a historical fiction novel about twin sisters who grew up to live very different lives. At 16, the Vignes twins run away together from their small, Black town to later separate and become starkly different women whose fates still manage to intersect through their children. Years later, one sister once again lives in their hometown with her daughter, while the other lives with her white husband, quietly passing as a white woman. Told from the 1950s to the 1990s, this is a generational story of identity, community, and family that was widely considered one of the best books of 2020.An award-winning historical fiction classicAmazon"Beloved" by Toni Morrison, available at Amazon and Bookshop, from $9.31 Winner of the 1988 Pulitzer Prize, Toni Morrison's "Beloved" is a devastating and unflinching story of slavery and survival. Sethe was born a slave and escaped to Ohio. Yet, 18 years later, she's still tormented by her memories of the farm and the ones she left behind. Now, her home is haunted by the ghost of her baby, whose tombstone is engraved with only "Beloved." This story is an emotional and brutal tale of the complex legacy of slavery.A historical fiction read about love and relationships between womenAmazon"Snow Flower and the Secret Fan" by Lisa See, available at Amazon and Bookshop, from $13.19With flowing prose that easily transports readers to 19th century China, Lisa See shows how the power of friendship can help us endure life's greatest challenges. Lily and Snow Flower were paired as emotional matches when they were seven years old, communicating with each other in "nu shu" or women's writing, a secret code women used to communicate despite seclusion. Through the years, Lily and Snow Flower share their hopes, dreams, and accomplishments through messages sent on fans, outlining the agony of foot-binding, the joys of motherhood, and their thoughts on their arranged marriages.A Holocaust historical fiction novel with an original narratorAmazon"The Book Thief" by Markus Zusak available at Amazon and Bookshop, from $6.99 Set in 1939 Nazi Germany, Liesel is a foster girl living outside of Munich who begins to steal books after finding "The Gravedigger's Handbook" partially buried by her brother's grave. As she falls in love with reading, the country around her descends deeper into war. When her foster family hides a Jewish man in their basement, Liesel's understanding of the death and danger surrounding her grows as her exterior world shrinks. Narrated by Death, this is an intense and emotional World War II story as Liesel steals books from wherever she can — including Nazi book burnings.A heart-racing historical fiction story about escaping slaveryAmazon"The Underground Railroad" by Colson Whitehead, available at Amazon and Bookshop, from $10.25 Cora is an enslaved young girl in Georgia, an outcast who knows she must escape before she reaches womanhood and faces even greater horrors. When Cora and her new friend decide to flee through the Underground Railroad, they soon find they're being hunted. The pair travels from state to state, risking their lives for the chance of freedom. Colson Whitehead's ability to instill in readers the terror that Cora feelsis astounding, making it no surprise this extraordinary title won the National Book Award in 2016 and the Pulitzer Prize in 2017.A heartbreaking historical fiction book about friendshipAmazon"The Kite Runner" by Khaled Hosseini, available at Amazon and Bookshop, from $10.50 Set in Afghanistan from 1963-2001, this book tells the story of Amir, a wealthy young boy, and his best friend Hassan, the son of his father's servant. Like brothers, the boys spend their days flying kites to escape the difficulties of their lives, until a devastating act changes their relationship forever. This is a moving tale of friendship, guilt, and redemption that follows the real-world histories of military intervention and the rise of the Taliban in Afghanistan while keeping the relationships between Amir, his father, and Hassan in the foreground.A lyrical historical fiction bookAmazon"The Water Dancer" by Ta-Nehisi Coates, available at Amazon and Bookshop, from $12.31 "The Water Dancer" is a historical fiction novel that combines elements of magical realism in an engaging and moving story of memory, family, and slavery. Hiram Walker is the enslaved Black son of a plantation owner who has the ability to remember everything except his mother, taken and sold by his father when Hiram was only nine. After Hiram has a near-death experience, he decides he must escape the plantation and rescue his family in this dramatic and heart-racing journey. A historical fiction novel about an empowered henna artistAmazon"The Henna Artist" by Alka Joshiavailable at Amazon and Bookshop, from $13.98 "The Henna Artist" is an immersive read that tells the stories of many women in Jaipur in the 1950s. At only 17, Lakshmi is the most highly sought-after henna artist in Jaipur, having recently escaped her abusive marriage. While creating beautiful henna for her wealthy clients, she becomes a confidant to many women, offering wise advice while avoiding gossip. One day, Lakshmi is confronted by her husband, who brings her a young sister she didn't know she had. With her secure and independent life in jeopardy, Lakshmi must care for her teenage sister on her journey to a life she never knew she wanted.  A familial historical fiction book that spans centuriesAmazon"Homegoing" by Yaa Ghasi, available at Amazon and Bookshop, from $8.82 "Homegoing" is a multi-generational story that spans 300 years and is beloved by readers for the unforgettable forces that shape families on opposite sides of the world. In 18th century Ghana, two half-sisters are born in different villages, each unaware of the other's existence. One is married off into wealth, while the other is imprisoned in the dungeons of her sister's castle, soon sold into the slave trade and raised in American slavery. This tale of legacy follows the descendents of each sister through centuries of colonization, migration, and war. A queer historical fiction book set in UruguayAmazon"Cantoras" by Caroline De Robertis, available at Amazon and Bookshop, from $15.29In 1977, Uruguay was ruled by an authoritarian military dictatorship under which homosexuality was not just a crime, but punishable by unspeakable means. Despite the dangers, five cantoras (women who sing) find each other through a friendship that blooms to love, family, and freedom. This novel is a passionate celebration of the safety and sanctuary of found families that begins with a trip to an isolated cape. A lyrical, Indigenous historical fiction novelAmazon"Where the Dead Sit Talking" by Brandon Hobson, available at Amazon and Bookshop, from $13.69 "Where the Dead Sit Talking" is an emotional and authentic coming-of-age story featuring Sequoyah, who is placed in foster care after his single mother is jailed on drug charges. Set in 1980s Oklahoma, Sequoyah is a 15-year-old Cherokee boy and a survivor of childhood trauma and abuse. He quickly bonds with another Indigenous foster girl named Rosemary, sharing their past pains and precarious present in this award-winning, profound novel of suffering and strength.A historical fiction story of love and redemptionAmazon"The Color Purple" by Alice Walker, available at Amazon and Bookshop, from $14.99The winner of the Pulitzer Prize and the National Book Award, this historical fiction book is about Celie and Nettie, two sisters who were separated as girls yet connect through letters spanning 20 years. This book brings to light the extent of abuse women of color have often faced and been expected to quietly endure — a devastating and emotional read about the resiliency of the human spirit and the persistent bond of sisterhood.A historical fiction story about spiritual growthAmazon"The Samurai's Garden" by Gail Tsukiyama, available at Amazon and Bookshop, from $10.19This historical fiction book is about the emotional and spiritual journey of a young Chinese painter named Stephen, set against the backdrop of the Japanese invasion of China in the late 1930s. When Stephen is sent to his family's coastal home to recover from tuberculosis, he meets four new people, including Matsu — a samurai of the soul who's dedicated himself to living a generous and nurturing life and helps Stephen gain physical, mental, and spiritual strength as the novel progresses.A historical fiction novel that follows a family over 200 yearsAmazon"The House of the Spirits" by Isabel Allendeavailable at Amazon and Bookshop, from $12.79 Spanning three generations of a family in Chile, "The House of the Spirits" incorporates magical realism into an epic narrative that weaves joy, love, and fate through a history of rich culture and political unrest. Beginning just after World War I, this novel follows the women of the Trueba family whose gifts, triumphs, and tragedies are reflected in each generation of beautiful and meticulously crafted characters.An engrossing historical fiction journey in 12th century EnglandAmazon"The Pillars of the Earth" by Ken Follett, available at Amazon and Bookshop, from $7Ken Follett is most well-known as a bestselling thriller writer, so it's no surprise this hugely popular historical fiction novel has all the suspense, passion, and intricacies for which he's revered. Set in 12th century England, this medieval story of morality, betrayal, and love is about a monk who is driven to build a Gothic cathedral so great it will dawn a new age. Told with vivid detail, "The Pillars of the Earth" brings an incredible cast of characters and their hardships to life.A historical fiction novel interwoven with magical realismAmazon"The Night Tiger" by Yangsze Choo, available at Amazon and Bookshop, from $13.59 "The Night Tiger" is a historical fiction read that incorporates elements of magical realism, ancient superstition, and mystery to create a lush and exhilarating coming-of-age story set in 1930s Malaysia. Rin is a young Chinese houseboy and Ji Lin is an apprentice dressmaker, their paths unlikely to cross until their journeys intertwine over a severed finger. Rin has 49 days to reunite his master's missing finger with his body, lest his soul roams the earth. One night, Ji Lin's dance partner leaves her a severed finger. Convinced it's bad luck, she sets out to return it to its owner.A historical fiction retelling of Indigenous heroesAmazon"A Novel About the Navajo Marines of World War Two" by Joseph Bruchac, available at Amazon and Bookshop, from $6.73 The Navajo Code Talkers were an instrumental group of native men who used their language to code messages during World War II, saving countless American lives. In this fictionalized retelling, Ned Begay is a teenage Navajo boy who becomes a code talker through rigorous Marine Corps training, fighting through some of the war's most brutal battles. While the novel highlights the discrimination the Navajo men faced, the story is also a celebration of Navajo culture and the code-talker heroes of World War II.An emotionally trying historical fiction bookAmazon"The Darkest Child" by Delores Phillips, available at Amazon and Bookshop, from $10.99 Set in 1958 Georgia, Tangy Mae is 13 years old and one of 10 children, the darkest-skinned of her siblings and dubbed the ugliest by her light-skinned mother. The siblings all suffer horrific emotional and physical abuse by their mother, so when Tangy Mae is offered a spot in a nearby high school looking to assemble its first integrated class, she knows how life-changing yet impossible escaping her mother may prove to be.A historical fiction read that begins in a remote village in ChinaAmazon"The Tea Girl of Hummingbird Lane" by Lisa See, available at Amazon and Bookshop, from $12.91 Li-yan is raised in a remote mountain village where the lives of those in the community revolve around tradition, ritual, and tea farming. When a stranger arrives in the first automobile the villagers have ever seen, it dawns a modern awakening for the community and some begin to reject its customs and traditions. When Li-yan has a child out of wedlock, she brings the baby to an orphanage and leaves her village in search of an education and city life while her daughter is raised in California by her adoptive parents in this story of heritage, familial bonds, and sacrifice.A vibrant historical fiction story set during the Civil WarAmazon"Gone with the Wind" by Margaret Mitchell, available at Amazon and Bookshop, from $3.95This classic historical fiction novel was originally published in 1936 but is set in Georgia in 1861 during the Civil War. The story focuses on Scarlett O'Hara, the spoiled daughter of a wealthy plantation owner whose life is forever changed by the Civil War. This is an intense book that captures the depth of transformation during the war, known for the manipulative and selfish ways of the unlikeable main character. "Gone with the Wind" won a Pulitzer Prize in 1937 and is widely considered a great American novel.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderMay 31st, 2022

Australia Election: Labor Party"s Albanese To Take Power After Morrison Concedes Defeat

Australia Election: Labor Party's Albanese To Take Power After Morrison Concedes Defeat Update (1230pm ET): As reported earlier, Australia’s Labor Party is set to take power for the first time since 2013 after the incumbent Liberal-National coalition led by Prime Minister Scott Morrison declared defeat in Saturday’s closely watched federal election. The Labor Party, led by career politician Anthony Albanese, is on track to beat the coalition although its ability to form a majority government is uncertain. The large number of postal votes that have yet to be tallied and a strong showing by independent candidates added to the uncertainty, analysts said cited by the South China Morning post. According to Bloomberg these are the five main takeaways from Saturday's parliamentary election: Labor Party leader Anthony Albanese will be sworn in as Australia’s 31st prime minister within days, after his party won at least 72 seats in Saturday’s election It remains to be determined whether Albanese will be able to form a majority on his own, or need to rely on independent lawmakers to form a minority government Despite the victory, Labor has won only about 32% of the primary vote, its worst result in decades and the lowest for any incoming government since World War II. The result will likely lead to soul-searching on both sides of Australian politics. It was Australia’s climate election, with climate-focused independents and the Green party snatching once- safe seats from the two major parties. The Greens saw a record vote of more than 12%, the highest in its history. Albanese will head to Quad meetings in Tokyo next week, where he will meet with counterparts from Japan, India and the US. Scott Morrison, who is set to hand over power, said “it was vitally important that there’s a very clear understanding about the government of this country” in this meeting. The knife-edge election heavily featured China, with Morrison accused by detractors of using Beijing as a bogeyman during campaigning to secure support from his conservative base. On Saturday night, commentators suggested that tactic might have backfired, with the sizeable Chinese-Australian community likely to have swayed towards Labor in several seats seen as traditional Liberal Party safe havens. At 10pm Hong Kong time, national broadcaster ABC projected that Labor had secured 72 seats compared to the Liberal-National coalition’s 55. Labor would need to win 76 seats to form a simple-majority government in the country’s 151-seat parliament. The Greens and a group of so-called “teal independents” appeared set to take 11 seats. Albanese said in brief comments to reporters that he hoped to unite the country. “I think people have had enough of division. What they want is to come together as a nation, and I intend to lead that,” he said. In a televised speech, Morrison said he called Albanese to offer his congratulations on Labor’s victory, and that he would step down as the Liberal Party’s leader. “Tonight, I have spoken to the Leader of the Opposition, and the incoming Prime Minister, Anthony Albanese, and I’ve congratulated him on his election victory this evening,” Morrison said. “On a night like tonight, it is proper to acknowledge the functioning of our democracy. I’ve always believed in Australians and their judgment, and I’ve always been prepared to accept their verdicts,” Morrison said. “And tonight, they have delivered their verdict, and I congratulate Anthony Albanese, and the Labor Party, and I wish him and his government all the very best.” Around half of Australia’s 17 million registered voters chose to go to the ballot box early or applied for postal voting. Postal votes are expected to take weeks to tally. Labor supporters were celebrating late on Saturday across the country even before Morrison’s concession, after early projections showed his coalition was unlikely to pull off a win. While Morrison retained his seat but Treasurer Josh Frydenberg appeared headed for defeat, having garnered under 46 per cent of votes cast compared to 54 per cent for independent candidate Monique Ryan. In marginal seats, Chinese-Australians were cheering the success of Labor candidates. In the seat of Reid in Sydney, Labor candidate Sally Sitou was leading with 55.5 per cent of votes cast compared to 44.5 per cent to incumbent Fiona Martin from the Liberal Party. * * * Update (0950ET): With almost 60% of the vote counted, it appears Anthony Albanese will return Labor from the political wilderness to government, seizing power from the Coalition after it has been almost a decade in office. While it remains unclear if Labor can form a majority, the ALP is on track to finish ahead of the Coalition and more likely to reach a minority government, the ABC has projected. This win means Mr Albanese will replace Scott Morrison as Prime Minister, making him the 31st person to hold the nation's top job. *  *  * As The Epoch Times' Aldgra Fredly detailed earlier, Australian voters cast ballots on Saturday to decide the next prime minister, as well as senators and members of Parliament, after a six-week election campaign that often centred on the economy and national security. Electoral Commissioner Tom Rogers said Friday that 7,000 polling stations have opened as planned, despite a 15 percent turnover of its 105,000 workforces across Australia in the past week. “While this is extraordinary, it is a pandemic election,” Rogers said in a statement, thanking those who stepped up to fill positions at polling places identified as not opening due to staff shortages. The first polling stations will close on the country’s east coast at 6 p.m. local time (08:00 GMT). The west coast is two hours behind. Nearly half of Australia’s 17 million electors have voted early or applied for postal votes despite loosened coronavirus restrictions. Those who tested positive for the COVID-19 will be able to access telephone voting. Voting is compulsory for adult citizens in Australia, and failing to provide a valid reason for not voting results in a fine, which can progress to court. The fine for first-time offenders is $20, and it climbs to $50 for subsequent offences, according to the electoral commission. Incumbent Prime Minister Scott Morrison’s centre-right Liberal-National coalition is vying for a fourth three-year term, having held 76 of the 151 seats in the outgoing parliament. Opposition leader Anthony Albanese’s centre-left Labor Party is considered by most trusted polls as the favourite to win. (L-R) Australian Prime Minister Scott Morrison, federal opposition leader Anthony Albanese. (Martin Ollman/Getty Images, AAP Image/Lukas Coch) One possible outcome of the upcoming federal election on May 21 is a hung Parliament where no political party can achieve a majority to govern outright (a party must win 76 seats). Instead, party leaders will be forced to negotiate a coalition with another minor party or independent to cross the benchmark to win government. A hung Parliament has only occurred once in Australia since World War II. In 2010, both the Liberal-National coalition and Labor landed 72 seats, four votes short of a majority government. It took another 17 days before Labor leader Julia Gillard won enough support from four crossbenchers (minor party or independent MPs) after striking deals with them. Morrison’s election campaign has focused on his party’s economic management, urging voters to support a government that delivered “a strong economy” over “a weaker one that only makes your life harder.” He promised to lower taxes and put downward pressure on interest rates and costs of living if his government was re-elected. Albanese pushed for Labor policies that would make child care more affordable for low-and middle-income families and improve nursing home care for the elderly, pledging to “always look after the vulnerable and the disadvantaged.” Labor also criticized the Morrison government’s foreign policy credentials following the Solomon Islands-China bilateral security pact, calling the deal Australia’s worst foreign policy failure in the Pacific since World War II. At the same time, the Coalition at times aggressively called into question Labor’s record with the Chinese communist regime, pointing to Chinese state-run media reports in alleging that the Labor leader was Beijing’s preferred prime minister. In the lead up to the election, Australia’s domestic spy agency also revealed they had disrupted a plot by Beijing to install candidates in the election who they deemed as friendly and pliable. “It’s odd the Labor Party wouldn’t say China is interfering—somehow they’re saying it’s Australia’s fault,” Morrison was quoted as saying by Sky News Australia on April 20. “What I don’t understand is when something of this significance takes place, why would you take China’s side?” Albanese then accused Morrison of making an “outrageous slur.” According to a leaked draft of the Solomons-China agreement, Beijing would be able to send police, troops, and naval ships to “protect the safety of Chinese personnel and major projects in the Solomon Islands.” Many feared that China would use the accord to establish a military base 1,700 kilometres off the Australian coast and destabilise the Indo-Pacific, although Solomon Islands Prime Minister Manasseh Sogavare had said that this would not be the case. Tyler Durden Sat, 05/21/2022 - 12:55.....»»

Category: smallbizSource: nytMay 21st, 2022

Australians Vote In Hotly Contested Federal Election

Australians Vote In Hotly Contested Federal Election Authored by Aldgra Fredly via The Epoch Times, Australian voters cast ballots on Saturday to decide the next prime minister, as well as senators and members of Parliament, after a six-week election campaign that often centred on the economy and national security. Electoral Commissioner Tom Rogers said Friday that 7,000 polling stations have opened as planned, despite a 15 percent turnover of its 105,000 workforces across Australia in the past week. “While this is extraordinary, it is a pandemic election,” Rogers said in a statement, thanking those who stepped up to fill positions at polling places identified as not opening due to staff shortages. The first polling stations will close on the country’s east coast at 6 p.m. local time (08:00 GMT). The west coast is two hours behind. Nearly half of Australia’s 17 million electors have voted early or applied for postal votes despite loosened coronavirus restrictions. Those who tested positive for the COVID-19 will be able to access telephone voting. Voting is compulsory for adult citizens in Australia, and failing to provide a valid reason for not voting results in a fine, which can progress to court. The fine for first-time offenders is $20, and it climbs to $50 for subsequent offences, according to the electoral commission. Incumbent Prime Minister Scott Morrison’s centre-right Liberal-National coalition is vying for a fourth three-year term, having held 76 of the 151 seats in the outgoing parliament. Opposition leader Anthony Albanese’s centre-left Labor Party is considered by most trusted polls as the favourite to win. (L-R) Australian Prime Minister Scott Morrison, federal opposition leader Anthony Albanese. (Martin Ollman/Getty Images, AAP Image/Lukas Coch) One possible outcome of the upcoming federal election on May 21 is a hung Parliament where no political party can achieve a majority to govern outright (a party must win 76 seats). Instead, party leaders will be forced to negotiate a coalition with another minor party or independent to cross the benchmark to win government. A hung Parliament has only occurred once in Australia since World War II. In 2010, both the Liberal-National coalition and Labor landed 72 seats, four votes short of a majority government. It took another 17 days before Labor leader Julia Gillard won enough support from four crossbenchers (minor party or independent MPs) after striking deals with them. Morrison’s election campaign has focused on his party’s economic management, urging voters to support a government that delivered “a strong economy” over “a weaker one that only makes your life harder.” He promised to lower taxes and put downward pressure on interest rates and costs of living if his government was re-elected. Albanese pushed for Labor policies that would make child care more affordable for low-and middle-income families and improve nursing home care for the elderly, pledging to “always look after the vulnerable and the disadvantaged.” Labor also criticized the Morrison government’s foreign policy credentials following the Solomon Islands-China bilateral security pact, calling the deal Australia’s worst foreign policy failure in the Pacific since World War II. At the same time, the Coalition at times aggressively called into question Labor’s record with the Chinese communist regime, pointing to Chinese state-run media reports in alleging that the Labor leader was Beijing’s preferred prime minister. In the lead up to the election, Australia’s domestic spy agency also revealed they had disrupted a plot by Beijing to install candidates in the election who they deemed as friendly and pliable. “It’s odd the Labor Party wouldn’t say China is interfering—somehow they’re saying it’s Australia’s fault,” Morrison was quoted as saying by Sky News Australia on April 20. “What I don’t understand is when something of this significance takes place, why would you take China’s side?” Albanese then accused Morrison of making an “outrageous slur.” According to a leaked draft of the Solomons-China agreement, Beijing would be able to send police, troops, and naval ships to “protect the safety of Chinese personnel and major projects in the Solomon Islands.” Many feared that China would use the accord to establish a military base 1,700 kilometres off the Australian coast and destabilise the Indo-Pacific, although Solomon Islands Prime Minister Manasseh Sogavare had said that this would not be the case. Tyler Durden Sat, 05/21/2022 - 08:24.....»»

Category: blogSource: zerohedgeMay 21st, 2022

Spring Ahead: Open Houses and the 2022 Market

Traditionally, spring has meant sunshine and showers, flings and flowers. It also has meant—to real estate professionals at least—open houses, as buyers emerge from hibernation to peruse a blossoming world of new listings and real estate agents ramp up in preparation for the busiest time of the year. But in 2022, with limited inventory and… The post Spring Ahead: Open Houses and the 2022 Market appeared first on RISMedia. Traditionally, spring has meant sunshine and showers, flings and flowers. It also has meant—to real estate professionals at least—open houses, as buyers emerge from hibernation to peruse a blossoming world of new listings and real estate agents ramp up in preparation for the busiest time of the year. But in 2022, with limited inventory and new technologies that can at least partially substitute for a traditional walk-through, does the open house even exist? Are buyers still ravenously descending on every property as soon as it hits the market? About a 90-minute drive to Manhattan (without traffic) the town of Fairfield, Connecticut has traditionally been seen as a stretch for the traditional New York commuter. With a median listing price of $775,000 this year, according to Realtor.com, a 2,300 square-foot four-bedroom ranch-style home in a quiet neighborhood falls squarely in the “affordable” category for this market, listed at $599,000. Cars line a rural road in Madison, Connecticut as buyers flock to the opportunity offered by an early spring open house. Over the course of four hours split between a Thursday and Sunday in early April, no one shows up to this property’s open house, though it receives three offers within five days of listing, all in the $530,000 to $560,000 range. Paul Ferreira is the listing broker, owner of a RE/MAX franchise in nearby Trumbull. He says he is not changing his strategy for running open houses this spring, despite also predicting that the market is on track for a major shake-up in the coming months. “We’ve been seeing a definite slow-down,” Ferreira says. “We haven’t seen as many bidding wars in the last four weeks as we’ve seen in the last nine months. We’re definitely starting to see a slowdown in that aspect, of people paying 8-12% over asking to get the houses.” “I’m not saying it’s not happening,” he adds. “I’m just saying it’s not happening as much.” Another house visited by RISMedia sits a little further out, in the more rural, coastal exurb of Madison, where bucolic country roads wind through lines of trees, and looming old-money beach mansions offer scintillating views of the Long Island Sound. An open house in the bucolic village of Madison, Connecticut drew big crowds amid low inventory, as agents plan for a potentially busy spring. Victoria Tavares is a veteran agent with William Raveis. On a Friday afternoon in late March, a line of cars already threatens to clog up the narrow country road in front of a modest 2,100 square foot ranch sitting on just under an acre of land (which includes a small pond and well-maintained garden). Tavares is the listing agent for this home, priced at $399,000, and she receives six offers by the end of the weekend—all well above asking. “It was crazy—the sellers did accept an offer, but I still have buyers and agents reaching out to me to see the property,” Tavares says. A little closer to the city of New Haven to the west in the town of Guilford sits a significantly larger home in a brand-new community with wide, well-paved streets—a much more suburban feel, though still removed from any sort of downtown or urban center. At nearly 4,000 square feet, this colonial is listed for $750,000, and offers a wine cooler, a finished basement, nine-foot ceilings and a unique playroom/home office wing connecting a wide-open well-lit space set with cubbies and playmats with a cozy work-from-home space. This home was also listed as “pending” two days after the open house, which drew a large number of families with young children. The agent at the showing declined to speak with RISMedia and only gave a first name. Messages left for the listing agent were not returned at press time. Vibe check It is difficult, and probably unwise to try to draw broad conclusions from a tiny sample size in an even smaller geographic area. The Northeast has struggled even more than some with low inventory, and many other factors are likely to make the market in this area unique. That being said, though, some of the storylines and stereotypes of the current wild market were on full display at these homes, even as Tavares and Ferreira disagreed—to some degree—on the likely path ahead for real estate. “Most buyers were saying they’ve been searching, they’ve been making offers and they’re just being outbid by higher offers,” Tavares reflects. “Most of the buyers seem pretty urgent…they’ve definitely been doing it a while.” At least 25 groups show up to the Madison open house in the first hour, a good mix of younger couples, families and a few older couples. A younger couple who only gave their first names—Jeff and Alyssa—showed up early and left Tavares’ open house relatively quickly. Jeff says that the couple are in their third year of house-hunting. He described the process as “a little discouraging,” after putting in six or seven offers just recently, all at or above asking price, often beat out by “corporations.” The couple had hoped to purchase a multi-family closer to the urban center in New Haven and make some rental income before selling to fund a single-family home that they could start a family in—something they had hoped would only take three or four years in total “I would say broadly, my time frame has kind of run out,” Jeff quipped. Another couple, who declined to give their names, had recently sold their house in the affluent and posh suburb of Darien—a quick hop from Manhattan, where the median listing price for a home is $1.7 million—and were looking to downsize. They were listing their own home as an “office exclusive” and expected a deal to go through within days, they say. More than an hour’s drive into what they describe as “country living,” the couple say they are excited for the opportunity to pay significantly less for a similar-sized home, and want to escape the intensity of Darien after their children moved out—working remotely for now, but looking ahead to retirement. Tavares says she sees plenty of mom-and-pop investors snapping up houses—mostly that are not “move-in ready.” At the $300,000 to $500,000 price range, though, houses are still getting snatched up almost instantly, and even waterfront million-dollar mansions in the area are subjected to bidding wars. This colonial in Guilford, Connecticut featuring a play room and copious yard space was perused by a mostly younger crowd during an open house earlier this month. For the Fairfield house that Ferreira listed, the end result does not necessarily reflect the market. The owner of that home was an elderly woman whose children were making most of the decisions, he says. After asking if he could sell the house in 90 days (no problem, he told them), the children pivoted and claimed they needed the cash faster—within days—rejecting all the previous offers and asking Ferreria to market the home to flippers, who would pay cash. It sold for $410,000, and Ferreira guessed the new owner would list it in a few weeks for around $800,000. “All you can do is advise people the best course of action, but it’s up to them to take the advice,” he says. Running a small company that still lists 60 to 100 homes a year, Ferreira says this kind of scenario is relatively uncommon and is not a reflection of the current market. He speculates that the children of this owner had personal reasons for leaving almost $150,000 on the table. More broadly, Ferreira says that he has been advising clients to wait on home purchases (if possible) for the last eight months, deeming that prices have become inflated and that the market is destined for a pullback. He specifically refers to the fact that around 20 of his listings in the last year or so have failed to appraise—the first time that has ever happened in his career. “We don’t think this great market is going to be as great as it has been—this is my opinion,” he cautions. “Some REALTORS® think this is never going to end, but if you lived through the 2008 correction—2006, we were seeing the same craziness.” “Nobody’s willing to wait—everyone wants it now, now, now,” he adds. Tavares does not express any particular concern about the market, and says that sellers are still getting almost whatever they want for their homes as buyers remain overabundant for nearly every town and niche. “Buyers are just super eager to be the first one in the door,” she says. Anatomy of an open house Both Ferreira and Tavares agree that the open house is not only still a useful tool, but can be especially important for a variety of reasons in the current market conditions. Both also regularly have times on weekdays, they say, for different reasons. Ferreira traces his open house strategy back four years ago, to an idea he borrowed from an agent in California. “A lot of people are exhausted on the weekends from working all these crazy hours that they’re working. So we try to get one on a Thursday or a Wednesday during the week, especially once Daylight Savings time changes so it’s not as dark,” he explains. “Just like that, the people who really want to see it, they’ll get into the property. Then we do something on a Saturday or a Sunday.” This strategy has been “extremely successful,” Ferreira says, with short weekday windows and longer times on the weekends, which can better meet the needs of more people’s schedules. Tavares says she has seen more weekday open houses recently, and the weekday opportunities are often the busiest. It also saves a lot of time because otherwise you are spending a lot of unnecessary time scheduling showings seven days a week for a horde of desperate buyers. “If you’re serious, come now and that’s it. And it works. Serious buyers show up,” she says. “Basically you’re finding that the second a property hits the market, you have buyers and agents calling.” If a property is listed on a weekday, it is hard to tell people to wait until the weekend for an open house, Tavares claims. Often agents schedule evening open houses that day or the next day. “That’s really to accommodate the demand and the desire for buyers to get in right away,” she says. Ferreira agrees that with how busy agents are, an open house is just more efficient as long as finding buyers is easy. With the internet, he says the timing and windows for open houses can be completely flexible, and he will often schedule public open houses at the same time people request showings from him, to maximize efficiency. “I’ll not just meet them, but if anybody else wants to come at that timeframe, they can,” he says. All the other traditional benefits of scheduling an open house—training new agents in your brokerage, meeting new people and getting your brand out there—remain just as important as they’ve always has been, according to Tavares, even in the face of new technology and shifting consumer behavior. “All around the board, it just kind of facilitates that entire process,” she explains. One practice that might be new, and not necessarily welcome at open houses are attempts by other agents to sneakily poach potential clients. A man at Tavares’ open house introduces himself as the husband of another agent working in the region, and admits he regularly trawls open houses to send business her way in hopes of “an earlier retirement.” “That is so bizarre…I wouldn’t say that is very—what’s the word—ethical?” she wonders. “That’s part of doing open houses, though. Part of that is, while we obviously require everyone to sign in, you get those people who try to slip by the sign-in sheet—not that it’s really a big deal at the end of the day, but you do kind of wonder.” Jesse Williams is RISMedia’s associate online editor. Email him your real estate news ideas, jwilliams@rismedia.com. The post Spring Ahead: Open Houses and the 2022 Market appeared first on RISMedia......»»

Category: realestateSource: rismediaApr 25th, 2022

Slave-Coin Or Freedom-Coin: Which Way Western Man?

Slave-Coin Or Freedom-Coin: Which Way Western Man? Authored by Aleksandar Svetski via Bitcoin Magazine, Modern society must make the decision to succumb to centralized digital money, or rally around the freedom and sovereignty of bitcoin... We as individuals in a modern society becoming more technocratically dystopian by the day, will inevitably be faced with a choice. Succumb to the allure of a centrally owned and issued digital money (panopticoin) or a truly sovereign, organic, digital money with roots in the physical (Bitcoin). The west is no longer The West. It no longer even deserves to be capitalized. What made it great and successful, the Enlightenment values and the sovereignty of the individual, are all but dissolved in the morass of modernity’s mindlessness. Gone are the days of excellence, greatness and “standing out.” In are the days of conformity, compliance, “acceptance,” participation awards and “fitting in.” The values and virtues that made the West great have been replaced with the incessant cry for comfort and convenience, in return for obedience. The crescendo of this horrific orchestra is nigh. Gaslighting is the norm, and like Orwell predicted, War is now peace, Freedom is now slavery, Ignorance is now strength. In place of the article, I could just stick a bunch of images up…but alas…I am a writer. Collage by author Collage by author WOKE IDEOLOGY IN THE WEST The west was not defeated by a single blow. It was death by a thousand minute and meaningless cuts. From pronouns to equality, scientism, welfare, climate alarmism, political correctness, this incessant need to deconstruct objective reality into completely arbitrary subjective falsehoods has transformed the once-great West into a cesspool of moral relativism. When everything matters, nothing matters. It truly has become clownworld. Source: @nvk Twitter We used to aspire to greatness and excellence. We were interested in the idea of quality, of worth and of value. Now: there is no more value — like the money we conjure out of thin air and use to measure human action and all resources. Everything has been supposedly made “abundant” (because we have no anchor to real cost) and as a result, we’re drowning in excess quantities of fake wealth and junk that does not matter, whether this be NFTs, moronic media, reality TV, garbage music, fake celebrities, brainwashing at school, nursing-home-level politicians or scamdemics. And because we spend all our time lying to ourselves and burning through real resources, we’re simultaneously suffering from shortages in areas that do matter — energy, food, responsibility, intelligence and courage. We used to be pioneers. We used to envision our place in the stars. Now we bicker and worry about our place in the dirt: It’s a sad time for humanity, and dare I say that only god knows when we come out on the other end, if we do so at all. THE GREAT BIFURCATION The empire of lies cannot last, and it will collapse either on top of all of us, or atop only some. I sincerely hope the latter for the only meaningful and realistic goal we have left, as sovereign intelligent individuals, is to limit the collateral damage. As we embark on this pursuit, and as the collapse of these false orders inevitably occur, it’s my belief that Homo sapiens will bifurcate into two primary camps, and perhaps even species (after many generations): Homo Hystericus/Homo Lemmingus Homo Bitcoinicus The former are the classic mid-wit/NPC/shitcoiner/statist persona — those who lack personal control and restraint, and as such project that lack onto the rest of the world. A key characteristic is the yearning to reduce the diverse constituents of a complex organism into simple numbers, and transform these systems into mere spreadsheets. They are the doctors who believe health is the absence of disease, that disease is the absence of modern medicine and that depression is the absence of Prozac or MDMA. They lack the capacity to think holistically and they view all fractal, complex systems as linear and isolated from the whole. They have major control issues because they lack self-control, and thus compensate by attempting to control others. They are willing to trade the diversity and complexity of life for sterility and linearity of control. Homo Bitcoinicus on the other hand will be the kind of individual who continues to become more robust, sovereign and self-reliant. They will be too busy practicing self-mastery and building something of value to bother with meddling in other people’s lives. They will live more local, they will own the product of their labor, they will trade freely and they will have no master. They will own stuff and be happy. And of course, among Homo Bitcoinicus there will be diverse classes of people arranged into hierarchies of competence. They will not be built upon some arbitrary authority-by-decree, but via the emergence of natural leaders and masters of their craft. This is what nobility means in the classical sense. To be noble is something to aspire toward, not something to sneer at. To be noble is to pursue excellence and greatness. It is my hope that the “New West” will be both built and populated by Homo Bitcoinicus. But before we get there, there will be a significant price to pay. I’ve experienced first-hand the vitriolic nihilism, short-termism and mindlessness from lemmings who believe in fantasies like “pumpamentals,” surveillance states, digital identities and Ponzi schemes. These meaningless, empty pursuits have an allure to the masses which will be hard for Bitcoin’s core value proposition to compete with. Most of these people don’t want responsibility. They don't produce anything.They want a leader (overlord)- They want UBI. They want to be told what to do and they want a safety net provided by their masters. Enter crypto… THE PRIMARY ATTACK VECTOR Wonder Boy + Tech + Blockchain + VCs + WEF + Academia + UBI If that’s a “prince,” we know exactly how sickly both the world and “crypto” are. The ideal way to ensure the sheep get led to the slaughter is to encourage them to run in that direction themselves. In fact, if those sheep have some actual wealth and resources, you may even be able to get them to buy their own ticket to the slaughterhouse. This is what Ethereum and the broader VC-backed shitcoin industry is:An expensive ticket to your own spot in the techno-gulags of the 21st century. Synthetic wombs, bugs, soylent and the metaverse await you. Here’s your Bored Ape jpeg, a copy of Harari’s 21 Lessons and proof of iris-scan. You may now proceed to your pod. Collage by author. Meet your new masters. For all the crypto-bros, whether larping about freedom or chasing “muh gains,” — congratulations. Seriously. You’re trading your freedom for some monopoly money, and trading Klaus Schwab for Vitalik Buterin. There is no honor or courage in this. Furthermore, there is no morality. There is only the loss of one’s soul. Free money and airdrops are tools to get you sucked into the racket. Nothing in life comes for free; there is always a cost. In this case, it will be the cost of your own sovereignty. A lemming will always trade their freedom for the free scraps wiped off the (network) table at which your overlords eat. Don’t be one of them. And if you can avoid that siren call, then have the courage to not be one of the opportunists who acquires the scraps first to sell to the others. That does not make you better. Men with integrity are those who can show restraint, and in a world where sound values are continually being eroded and structures are falling apart, restraint is an asset the best of us must necessarily possess. CRYPTO = GLOBALIST DICTATORSHIP Bitcoin = Individual Freedom. At the center of the divide for “Western Man” lies this choice: Crypto or Bitcoin This may sound like an exaggerated statement, but it’s true. Legacy fintech will dissolve and be absorbed into this new technological paradigm, irrespective of how moronic it is and the quantity of smoke and mirrors used to obfuscate their real operation. Bitcoin fundamentally changed everything, and one of the unfortunate trade-offs that had to be made in open-sourcing money, was a world where the money-printer would in a sense be “democratized.” It’s made it easier for any dweeb to just spin up their own shitcoin, get some funding and roll it out; as such the legitimacy of national currencies issued by nation-states will continue to diminish. The only option available to legacy finance and central banking is to either partner with organizations such as ConsenSys (which they are already doing), or simply fund them, whether overtly or covertly. This is the “attack vector” that not enough intelligent people are talking about. I made it clear to Pomp on his podcast about a year ago now, and if anything, my suspicions have proved accurate: If you’re supporting these shitcoins, then you are in fact part of the problem. You’re adding liquidity, you’re justifying their existence, and you’re making the Overton window more inclusive for scammers, idiots and the literal enemy. Crypto is a wolf in sheep’s clothing and the sheeple are falling for it, hook, line and sinker. WHY DO WE HAVE BITCOIN IN THE FIRST PLACE? There are many reasons, but to sum up a few of them, Bitcoin is: The removal of “rulers” or “issuers” of money. The removal of monetary inflation. The de-monopolization of money, forever. The placement of money into the realm of physical and natural laws. The fusion of energy (universal “physical” currency) to money (in the metaphysical sense). The magnitude of this achievement is staggering and the inability for people to comprehend it is both mind-numbingly frustrating, but also expected, considering the nihilistic pets humans have become. Perhaps the words on this page jolt you. Or perhaps I’m yelling at clouds. I do not know, but I will try my best to remind you that fiat is the enemy, in every sense of the word and in every incarnation. Shitcoins are just replicating the fiat we already have, but on a more digital standard, in a clear attempt to build technocratic oligarchies. Do you want to give one of these nerds, who are no different than Bill Gates or Mark Zuckerberg, ultimate power over you? Supporting shitcoins is not only a path to financial bankruptcy, but it is morally bankrupt. You’re supporting not only the scammers who create them, but you’re helping lead other sheep to the slaughter and you’re just slowing down the best chance we have to break the abomination that is the state. “The construct” discussion by Morpheus in the original “Matrix” movie is likely the best quote in the history of film and I bring it up in almost every fifth article I write. But it rings so true. Those in the system will fight to save it, even though they are enslaved by it and you are trying to free them from their shackles! It’s mind-boggling, but I guess that’s what happens when everybody is in a constant trance. Zombies walk forth blindly and the very meaning of the images they see and the words they hear are changed. The word “crypto” for example used to be short for cryptography or crypto-anarchy. It’s now shorthand for cryptocurrencies, which unfortunately boils down to: Outright Ponzi schemes. Idiot ideas run by naive nerds. A machination of a globalist government. I don’t know which exactly is the most potentially harmful, but I’d venture to say the last one. Ethereum, for example, is one of the more pernicious of these machinations. Not only is the “Ethereum Foundation” (the existence of a foundation should give away what this thing is) infused with World Economic Forum participants, but Ethereum co-founder Joseph Lubin founded ConsenSys which owns Infura which practically the entire Ethereum network runs on. Lubin is part of the old guard: worked at Goldman Sachs and I believe is in bed with the agencies attempting to reduce the world into a spreadsheet and humans into numbers to populate it with (WEF, BlackRock, et al.). How is any of this antifragile? How is this in any way related to what Bitcoin stands for? How are you sovereign when the foundation upon which the promise to you has been made is literally owned by a couple of people. You are another product, in the same way you’re Zuckerberg’s product on Facebook. Charles Hoskisson and his “Cordanoh” shitcoin is another example. Here’s Hoskinson talking at Davos in 2020 about social credit systems being built on blockchains. If you didn’t know, Davos is the annual meeting put on by the WEF, where insiders and parasites fly in with private jets to talk about how the rest of us should own nothing, reduce our carbon footprint and be happy eating bugs. “Blockchain for social good.” These charlatans (Hoskinson is in his early 30s by the way; the whole late-40s professor look is a charade) and the think tanks they put together are either: Ignorant, arrogant fools with access to too much money, who believe you’re too stupid to decide what “good” is, so they must build a system that enforces their definition of “social good” on your behalf. Malicious, malevolent maniacs with access to too much money, whobelieve you’re too stupid to decide what “good” is, so they must build a system that enforces their definition of “social good” on your behalf. Either way, their wet dreams of globalist techno-utopias are panopticons in the making. Hoskinson claims that his goal is to build a “global stock market, a global venture capital for the poorest people in the world” by implementing a so-called self-sovereign identity on the network he owns “and pair that with the tracking and traceability and the ability to know that people are spending money correctly.” Thank you, oh lord Hoskinson. Without you, I would never know how to spend the product of my own labor. I would simply starve, naked and alone on the streets. That’s how dumb these people think we all are. …..unfortunately, for the Homo Hystericus subset of humanity, they may be right. BITCOIN VERSUS SHITCOIN (ETHEREUM AS AN EXAMPLE) They are not the same. And if you’re a shitcoiner, we are not the same. 1. THE RULING CLASS Ethereum changes nothing about the legacy financial and governance system, other than using some bitcoin-like technology for payments and the replacement of old-school bankers and politicians with nerds and new-school, globalist politicians, like Aya Miyaguchi, a board member of the Ethereum Foundation and member of the World Economic Forum (the think tank behind lockdowns, climate change hysteria and injection mandates). In fact, the very existence of an “Ethereum foundation” tells you enough about what this project is. It’s a private company (like the Federal Reserve) disguised as a startup-like get-rich-quick scheme, designed to use your money to fund their way into control. Been telling this for how long now? Crypto is an attack on #bitcoin Wake up. We are not the same. pic.twitter.com/ujS6Y5DwSE — ......... (@GhostofSvetski) January 18, 2022 We’ve seen what happens when the ruling class of Ethereum (its founders) don’t like the outcome. From the DAO hack to the multiple hard forks, to the transitions of “what Ethereum is.” It all just represents a new cabal that is there to run your life. 2. ENFORCEABILITY AND VERIFIABILITY Bitcoin is special not because it has a “fixed supply,” but because its fixed supply is both verifiable and enforceable. Verifiable with a single request, that your full node can ping back immediately. Enforceable because your full node runs Bitcoin. Not Infura. The fact that it’s in sync with other full nodes means that you have a global Bitcoin network. You cannot run an Ethereum Node, nor can you even know the supply. Pierre Rochard tore them apart in 2020-2021 when he asked an honest question to the Ethereum community about the total supply. Hundreds of different answers came back, followed by an uproar about “that doesn’t matter.” Well that’s fantastic. These idiots literally built a monetary network which functions just like the old system, except slower and a little more open/accessible. Congratulations sir, you got played. 3. PROOF-OF-STAKE VERSUS PROOF-OF-WORK Proof-of-stake is literally the definition of central banking, just in a digital capacity. In fact, it’s even worse because the entity that created, pre-mined and launched the currency is the one that ultimately runs the network and can do so with minimal checks and balances. With Ethereum, you’ve got the ruling class, who pre-mined 70% of the coin, who still own most of it, who run all (like four…lol) of the nodes, who operate the foundation and are now going to hard fork and move Ethereum onto proof-of-stake, where those with the most “stake,” i.e., the ruling class, get to make all the decisions. How do you think things play out when the incentives are structured as such? Proof-of-stake as a means for reaching monetary consensus is a cancer because it is untethered to the only true universal currency that exists: energy. The destruction of society, of families, of the environment and of the very fabric of society emerges from waste. The greatest source of waste comes from the edifice that supports and is supported by fiat money. Because there is no cost of production, it does not map or translate to resource or energy utilization. Because it can be conjured out of thin air and is used to measure things that cannot be conjured up, we proceed to burn through both human resources (time, intelligence, effort) and scarce natural resources (matter and energy), none the wiser. It’s a tragedy. Supporting Ethereum and any of these other coins is simply getting behind modalities that operate on the same premises. More rulers, who will waste more resources → and we’re back to where we are today. A tragedy of the commons with a leaky valve installed by modern parasites. The result will only be more unnatural inequality thanks to what I’m going to call The Buterin Effect (a modern version of the “Cantillon effect”). Proof of stake + Pre-mines + Rulers = The Buterin Effect = Unnatural Inequality IN CLOSING Bitcoin is anarchy in its purest form. Crypto is predicated on the idea of rulers. Bitcoin is predicated on the idea of voluntary rules. All cryptos fundamentally work on the idea of a governing body and are interested in developing abstracted means of social consensus that are unrelated to raw work or energy utilization. Bitcoin functions on the basis that the individual governs themselves and consensus is achieved through voluntary agreement, and participation is priced through work and energy expenditure in the real world. That’s how digital and physical are anchored. Crypto is being designed for Homo Hystericus; Ethereum, specifically, is basically PanoptiCoin. It’s a tool used to trick the lemmings away from bitcoin and walk them right into Slave Coin, with a new set of rulers, who can change the rules whenever they want to, mid-game. Bitcoin on the other hand, offers an even entry, enforceable and verifiable rules, proof-of-work (so no cheating, no seigniorage and no unfair advantages), a fixed supply and no “ruler” to change the rules. Take your pick. Freedom Coin or Slave Coin. As I said on stage at Bitcoin 2021, the line that will divide those who are free and those who are slaves, will be those who have bitcoin and those who do not. So…Which Way, Western Man? Will you be a serf for Vitalik, Klaus, A16Z or Hoskinson? Will you trade your labor for some Ethereum (or similar) and await your airdropped UBI, like a good little pet? Or: Will you be a sovereign individual who owns himself, his wealth and his property? Each has a price. One short term, the other long term. Choose wisely... *  *  * Aleks Svetski is the author of “The UnCommunist Manifesto”, The Bitcoin Times, and Host of anchor.fm/WakeUpPod. Tyler Durden Tue, 04/19/2022 - 18:10.....»»

Category: dealsSource: nytApr 19th, 2022

Former Saratoga County nursing home hits the market for $7.6 million

The building — with its 91 two-person rooms and 75 single units — is located a block west of Route 67 and about 4 miles west of the Interstate 87 Northway in the center of one of the fastest-growing counties in New York......»»

Category: topSource: bizjournalsApr 14th, 2022

How college athletes are getting paid from brand sponsorships as NIL marketing takes off

Insider is tracking student-athlete marketing after the NCAA changed its name, image, and likeness rule. Here's a breakdown of our coverage. Wide receiver Treylon Burks of the Arkansas Razorbacks runs the ball during a game against the Auburn Tigers on October 16, 2021.Wesley Hitt/Getty Images. In 2021, student-athletes gained the right to make money from their names, images, and likenesses. Athletes, universities, startups, and brands have spent months learning how to best navigate the new NIL world. Here's a breakdown of Insider's recent coverage on student-athlete marketing and NIL activity. On July 1, after a decades-long fight, student-athletes across the country gained the right to make money from their names, images, and likenesses (NIL) thanks to a flurry of new state laws and an NCAA policy change.What happened next was a mad rush of student-athletes, small businesses, national brands, and startups looking to cash in.Some athletes in widely followed sports scored deals worth five or six figures. But many of the 460,000-plus student-athletes across the US ended up working with local businesses, like restaurants, or participating in one-off marketing campaigns with bigger brands, receiving free products, gift cards, or smaller cash payments, rather than big pay days, for their NIL promotions.University of Nebraska football players pose with burritos in a brand partnership with local restaurant Muchachos.Nick Maestas.In addition to brand deals, student-athletes have run branded training clinics and have been paid for appearances and autograph signings.Unlike professional influencers, college athletes tend to have small audiences on social media. In the influencer world, these athletes would be classified as "micro" (generally under 100,000 followers) or "nano" (generally under 10,000) influencers — an area of increasing focus for marketers."You don't have to have 40,000 followers or even 10,000, 5,000 followers to take advantage of these [NIL] rules," Christopher Aumueller, the CEO of the athlete-marketing and brand development upstart FanWord, told Insider. "Those small deals, while they may be small in monetary value, they may go a very long ways for these student-athletes. A couple hundred dollars here and there can make a big impact for some of these young men and women."Read more about how student-athletes with small social-media followings are cashing in on the NIL gold rushOne company that leaned into nano-influencer marketing for its first student-athlete campaign was The Vitamin Shoppe, which hired 14 college players for a campaign.The company worked with sports-marketing company OpenSponsorship to identify 14 student-athletes across a wide range of sports, from golf and cross country to volleyball and cheerleading. All of the athletes had under 10,000 Instagram followers.Each athlete was given about $100 worth of free products, including a set of whey and plant protein, a True Athlete performance supplement, and a shake bottle, in exchange for promoting the brand on social media."The micro-influencer trend has become popular because when you get people with smaller followings, with smaller networks, the things that they promote or suggest come off as more genuine," Dustin Elliott, a senior brand manager at The Vitamin Shoppe, told Insider.Read more about how the company boosted its social-media engagement by hiring college athletes from niche sports like golf and cheerleadingIn a few states, even high school athletes are starting to get in on the NIL action. Jaden Rashada, a quarterback for Pittsburg High School in Pittsburg, California, signed a sponsorship deal with the recruiting app AIR in December."Who better to talk about recruiting from a marketing perspective than someone that has just gone through it or someone that is actively going through it currently," AIR's founder James Sackville told Insider. Read more about how a high school football star landed his first brand sponsorship dealLSU golfer Hayden White recently worked on an NIL campaign for The Vitamin Shoppe.LSU Athletics.How much student-athletes are earning from NILWhile many schools are being tight-lipped about how much their student-athletes are earning from NIL activities, in November, the University of Arkansas released data on how much its student-athletes had earned since July 1.It reported that 140 of its student-athletes had participated in some type of NIL activity, working with over 170 companies on at least 300 agreements and earning an average of $4,102. Football, basketball, softball, and baseball players saw the highest volume of NIL deals at Arkansas, according to the university.Read more about how student-athletes at the University of Arkansas have taken advantage of NIL opportunitiesThose earnings could increase next year, as some brands are already making spending bets on the category for 2022.Over half of the 300 brand, agency, and retail professionals surveyed by retail analytics firm Inmar Intelligence in November said they planned to spend between $50,000 and $500,000 on student-athletes next year. Only 15% of respondents said they either don't plan to invest in the category or weren't sure yet what their budget would be. Read a breakdown of responses from Inmar's survey, including how marketers think student-athletes will perform in ad campaigns compared to traditional influencersStudent-athlete growing painsAlthough some marketers are bullish to run student-athlete campaigns in 2022, the category comes with logistical challenges.Colleges, student-athletes, and brands are still trying to figure out how to navigate a web of state laws and university guidelines around what players are and aren't allowed to do with their names, images, and likenesses. Some colleges and universities have developed policies to stop student-athletes from making brand deals that would interfere with their own lucrative sponsorship contracts. A deal requiring an athlete to "wear products competitive to Nike during team activities – ex. practices, competitions, media, team travel, community service, photo sessions, team-building activities, etc." could violate Ohio State's rules, for example. The university also said that students should not "promote beverages competitive to Coca-Cola on-campus.""It is messy," Blake Lawrence, CEO of sports-marketing platform Opendorse, told Insider in August. "If a student athlete at an Adidas school that signs a deal with, let's say, Lululemon shows up to a press conference with a Lululemon hat and shirt on, is that a violation of the team's contract with Adidas? Those are the things that people are trying to figure out."Other universities have pushed back against Barstool Sports' student-athlete ambassador program, telling Insider the company did not have approval to use their trademarks and logos.Read more about how colleges are taking steps to limit the deals student-athletes make with brands, as they look to protect their own sponsorshipsBrands tested their first campaigns with student-athletes during March Madness 2022Doug Edert and the Saint Peter's University Peacocks were the Cinderella team of the NCAA Tournament.Seth Wenig/AP ImagesOne of the first marquee marketing events for student-athletes after the NIL rule change was the 2022 March Madness tournament, which put NCAA men's and women's basketball players in the spotlight.Some players, like Saint Peter's University guard Doug Edert and University of Connecticut's Paige Bueckers, were able to capitalize on the attention by scoring deals with brands like Buffalo Wild Wings and Chegg. But industry insiders said the real payoff for student-athletes who gained social-media followings during the tournament could be still to come. "If you have a really successful March Madness, you're increasing the value of your NIL," Nicholas Lord, CEO of the NIL deal-making platform NOCAP Sports, told Insider. "Then you're able to capitalize on it more in the future because you have more eyes on your social media and your persona in general."Here's a full breakdown of what brands learned from the first March Madness when they could hire student-athletes as influencersAs with any new industry that has a variety of regulations, a wave of startups and established companies have rushed in to help universities, student-athletes, and brands both succeed in the field and avoid missteps.Some companies, like Athliance, are focused on helping universities and players handle NIL education and compliance. Others, like MOGL, are interested in building marketplaces to connect brands with student-athletes.Learfield, a nearly 50-year-old firm that helps schools monetize their IP in categories like digital media and stadium signage, launched a series of features over the past few months to support student-athlete NIL activities."People keep saying it's the wild west," said Chase Garrett, CEO of the athlete-marketing platform Icon Source. "But I think 2022 is gonna be the year of adoption. People have built-in marketing budgets. They've started to find the athletes that they think they would wanna work with. They've started to learn what's market value."Here's Insider's list of 13 top companies helping student-athletes make money and shaping the future of NIL marketingRead the original article on Business Insider.....»»

Category: smallbizSource: nytApr 13th, 2022

Former Vice President Mike Pence dismisses trans swimmer Lia Thomas" NCAA victory: "Emma Weyant won that race"

"We need to defend the integrity of women's sports in America for the benefit of women everywhere," Pence said in support of UVA swimmer Emma Weyant. Swimmer Lia Thomas on the podium after winning the 500 yard race at the 2022 NCAA Championships.Justin Casterline/Getty Images Former Vice President Pence said Emma Weyant was the true victor in the NCAA swimming tournament. In making his comments, Pence rejected trans swimmer Lia Thomas' first-place win in the competition. In recent years, conservatives have railed against trans athletes competing in sports at schools. Former Vice President Mike Pence on Tuesday dismissed transgender swimmer Lia Thomas' NCAA Division I championship win, declaring that the victor was University of Virginia swimmer Emma Weyant.While speaking at the University of Virginia during an event hosted by Young America's Foundation, Pence sided with Weyant, the runner-up to the University of Pennsylvania's Thomas in the 500-yard freestyle women's race. The competition result has become a cause célèbre among conservatives who are vehemently against transgender athletes participating in sports for their schools.When a student in the audience lamented that the university's "tradition of excellence" was recently "upended by the woke left," Pence was then asked what he would say to Weyant, who the student claimed was "was robbed of a medal.""Thank you so much for that thoughtful question. Emma Weyant won that race," Pence said.He continued: "I know that in his State of the Union address, President [Joe] Biden promised to stand for the God-given right of men to compete in women's sports." Since taking office, Biden has spoken up and advocated for the rights of LGBTQ Americans and recognized last month's Transgender Day of Visibility.Laughter erupted in the audience after Pence's statement. "Common sense needs to reign, and it will reign. Women's sports is a pathway toward achievement and excellence," the former vice president said.He added: "I expect there are some outstanding women athletes in the room today — maybe some looking on. And we need to defend the integrity of women's sports in America for the benefit of women everywhere."Pence's comments mirror that of Gov. Ron DeSantis of Florida — who is up for reelection this fall and has become one of the most recognizable potential 2024 Republican presidential candidates in the country.DeSantis last month refused to validate Thomas' win and issued a statement declaring Weyant — a Florida native — to be the true victor."It is my determination that men should not be competing against women such as Emma Weyant, robbing women and girls of achievements, awards, and scholarships," he wrote, calling Thomas a "male identifying as a woman."Former President Donald Trump in recent days has also stoked Republican angst over the issue, arguing that GOP control of Congress in 2023 would mean conservative issues would gain prominence in the national dialogue in the lead up to a potential rematch between the former president and Biden."We will not by the way, have men participating in women's sports," Trump said during a Saturday rally in North Carolina, in what has become a rallying cry for his supporters in recent months.Pence has also reportedly been mulling a 2024 presidential bid of his own, which would put him in a direct path against his former boss — and potentially DeSantis.Read the original article on Business Insider.....»»

Category: smallbizSource: nytApr 13th, 2022

How a well-meaning tech solution for Ukraine almost became a "Craigslist for pedophiles"

How UkraineTakeShelter earned the ire of the Internet. A family is seen boarding a train in Ukraine that's heading west into Poland on March 10, 2022.Alan Chin for Insider UkraineTakeShelter aimed to connect refugees from Ukraine with individuals who could house them.  It attracted criticism for lax security procedures. One data security expert called it 'Craigslist for pedophiles.' Here's how the scandal played out, according to the site's creator Avi Schiffman.  Avi Schiffman first decided he needed to do something about the crisis in Ukraine on February 28 while attending a protest in San Diego's Balboa Park. The 19-year-old student had studied at Harvard but dropped out. Schiffman, who was in town to visit a friend, was among hundreds of people protesting Russian president Vladimir Putin's invasion of Ukraine four days earlier, but felt powerless by simply protesting.Instead, he felt the need to act. He had developed a following on social media after building one of the first and largest coronavirus tracking websites in January 2020 while a high school senior. The site, claims Schiffman, has hundreds of millions of users. And he had similarly lofty goals for the Ukraine situation."I thought I could do something more global to help hundreds of millions of people around eastern and western Europe, rather than just a few hundred people in San Diego," he says. He returned to the home he was staying in that night and researched the situation more. He saw millions of refugees were fleeing Ukraine "and ending up in neighboring countries like Poland, Moldova, Germany et cetera." (Germany does not border Ukraine.) He also investigated how Ukrainian refugees were seeking shelter when they arrived in those countries, including a network of ad hoc Facebook groups, and found it lacking. "I felt what was in place for those refugees to find available hosts was just not going to scale to millions and millions of refugees," he says.He came up with the concept that would eventually become UkraineTakeShelter, but initially decided he was too busy to do it. Yet the worry niggled at him. Later that night, he couldn't sleep, so tweeted a message saying it would be a "cool idea" to launch a site matching Ukrainian refugees to hosts. Within an hour, he tweeted again to say he was developing it.Within a few hours he had sketched out the basic structure of the website, then called his friend from Harvard, Marco Burstein, a web developer. "We didn't sleep for like three days," Schiffman says. "We did nothing except work on this website." UkraineTakeShelter launched on March 2. Schiffman tweeted about the site, He emailed more than 150 Ukrainian and Polish news outlets, and messaged the admins of various Facebook pages set up to support refugees. Only one replied.So Schiffman turned to the US media that had covered his Covid tracking website. Finally, things took off. The initial coverage was largely positive: 'Harvard student launches a website to help connect refugees seeking a home with those who can provide it'. But the reality was more complicated.Among data security researchers and academics who work on refugee issues, there was more skepticism and people wondered if Schiffman, while well-intentioned, was in over his head. On social media, threads appeared that pointed out the site for its lax attitude to vetting potential hosts, and alleged breaches of European data protection law. Schiffman claims he's resolved some of those issues by talking to those who posted the critiques. "I've been in contact with a lot of the critics, such as Kasia — I don't know how to pronounce her name — Chojecka and Bill Fitzgerald and a few others, like Maciej Kawecki," whose name Schiffman also struggled to pronounce. "I've had amazing conversations with all of them," he says. "I'm listening to the responses, and I took action."Aboard a train from Lviv, Ukraine, onto Poland on March 10, 2022.Alan Chin for InsiderYet the development of the site belies a naivety that can be dangerous. "We like the idea of a simple fix for things that we don't fully understand," Angelika Strohmayer, senior lecturer at Northumbria University, UK, whose research focuses on supporting marginalized individuals, tells Insider. "And if we don't fully understand them, we think they're easy to fix. If it were so easy to solve refugee crises as an app connecting individual people, we wouldn't have multiple refugee crises across the world right now."Daragh O Brien, the managing director of Irish data protection consultancy Castlebridge, and data management lecturer at University College Dublin's Sutherland School of Law, says his reaction was "horrified." "I described it to my university class as Craigslist for pedophiles," O Brien says. "That's what they've created — without any vetting. All they have in terms of verification is that they know it's a real person, not a spoof profile. You do not know that the person is safe."O Brien, who has decades of experience working with NGOs, child protection agencies, and dealing with survivors of sexual abuse, admires their eagerness, but worries it could cause more harm than good. "I'm not dissing or dismissing the human motive of wanting to help, and to bring skills to the table to help," he says. "But you need to understand the problem you are solving first otherwise you will just make things worse."Schiffman thinks that people have got his intentions behind UkraineTakeShelter wrong. "I'm not making any money off this website at all," he says. "In fact, I'm massively losing money working on the website." He also, unprompted, says the site wasn't designed to gain media attention for himself. As for what he got wrong? "Look, I definitely agree I should have had a better verification system in place at the start," he says. "But the way I see it is, it's better late than never to add these features."When asked about the security concerns by Insider, Schiffman explained the methods he deployed to prevent hackers taking down the website, including working with cybersecurity experts. He explained, to a technology journalist of a decade's standing, about DDoS protection, "which is a very common hack you may have heard of." He also introduced anti-bot and anti-spam mechanisms to the site. But while Schiffman was preoccupied with trolls and spam listings, those with expertise in the field were worried more about whether vulnerable individuals fleeing their country were safe to use the site, and whether the people offering shelter were people who wouldn't exploit their vulnerability. A mother arrives with her children from Ukraine at Przemysl railway station in Poland on March 16, 2022.Nicolas Economou/NurPhoto via Getty ImagesWhen asked about whether he had contacted NGOs that specialize in refugee resettlement, Schiffman says "It's very hard to get the attention of those major groups." Instead, he talked to admins of Facebook pages running informal resettlement schemes.Schiffman admits that some of the criticism about safeguarding issues is well-placed. "For sure, when I launched this website, there should have been more systems in place for verifying hosts," he says. "The goal of the website was really to make it scalable to millions and millions of refugees. And it's a hard balance between safety and security, while also efficiency and scale, of course."He's since implemented more identity verification systems, which run criminal background checks, and verifying users with photographs that are cross-checked against official databases. "All that kind of stuff is really expensive on the server side, and it's not something I could afford at the start." Schiffman estimates he's spent $10,000 of his own money setting up the site and integrating security checks. "I just realized it's such a drastic need, but it has been something I've been working on. I just wanted to get it out as soon as possible," he says. "So I'm figuring out a lot of these concerns."'Move fast and break things'The missteps that some have pointed out in Schiffman's creation of UkraineTakeShelter have played out before when tech and the humanitarian sectors combine, says Reem Talhouk, who studies how technology and international development interconnect. "It really stems from the notion of Silicon Valley, and that we can design technologies out of things and out of crises," says Talhouk, vice chancellor's research fellow at Northumbria University, UK. "That narrative has been propagated by extensive funding and investment and hackathons in Ivy League universities for students to address migration or refugee issues." Harvard held their first-of-its-kind refugee hackathon in response to the Syrian Civil War in 2016.Schiffman says that the Harvard connection has been used to unfairly malign him and his efforts. "People are so obsessed with shitting on Harvard," he says. "But I'm not even a student there." (The UkraineTakeShelter website says it "was developed by two Harvard students.") Schiffman, who had been studying neuroscience and philosophy, says he dropped out because of the cost — $54,768 for the tuition alone — and because of its "structured environment." He's currently taking time off in Barcelona, Spain, while he decides whether to return. Burstein is still at Harvard, and deep into midterms, Schiffman says.Yet Talhouk has real-world experience of students emailing her after receiving funding for a project at a hackathon that they subsequently realize replicates pre-existing technology — or that ends up being harder than they expect — asking her to help. A Ukrainian child is seen crying in his mother's arms as they arrive at the transit point of Palanca, Moldova, on March 12, 2022Matteo Placucci/NurPhoto via Getty Images"There's an element of propagating the narrative that anyone who has a technology background can design a technology that works to address the crisis, or the issue," she says. "And this does combine with the white savior complex and all that comes mixed into that to result in these things happening and propagating themselves."O Brien points out that the startup mentality of "move fast and break things" doesn't work when talking about human beings. "There's middle class exceptionalism, tech bro exceptionalism, and American exceptionalism," he says.He says a similar dynamic was at work when Elon Musk decided independently to build a submarine to try and rescue a Thai soccer team trapped in a cave in 2018, rather than supporting the ongoing rescue efforts on the ground. (The submarine was delivered, but was deemed wholly unsuitable by rescuers and called a PR stunt; Musk subsequently called one of the rescuers "pedo guy" for daring to criticize his efforts.)"This is not a situation where you build the aircraft while you're flying," O Brien says. "This is not a situation where you launch something that is half-baked. This is a situation where you pick up the phone and ask your local branch of the Red Cross: 'Can you put us in contact with someone who is dealing with this?' So you understand what the requirements are."Those who have experience supporting displaced and marginalized individuals still think there was a better solution from the start. "As a tech worker, if you want to help, give money to organizations that know what they're doing," says Strohmayer. "Give your skills to organizations who need them. You don't need to work on your own passion project. In crisis situations, we need things that work quickly."Schiffman says he can "definitely" see why the critics threw brickbats at the site. "I honestly was just trying to move fast and get this website out there as soon as possible," he says. "And overall, like 99% of people are good." By the end of March, he aims to completely overhaul the platform so that none of the current listings on the platform will be there. "Hopefully by the end of the month, I'll just be lifting from housing platforms and verified NGOs," he says. "Instead of trying to be like Airbnb, the way the platform currently is, it is moving to be more like Kayak. And that's going great."Read the original article on Business Insider.....»»

Category: smallbizSource: nytMar 25th, 2022

Rockefeller Group’s $50M Public Plaza Renovation to Serve as Gateway to One of Manhattan’s Largest Retail Spaces

Rockefeller Group today announced substantial progress on the $50 million renovation of its privately-owned public plaza at 1221 Avenue of the Americas. The block long tree-lined plaza will serve as the gateway to one of Manhattan’s largest retail spaces.  Completion is expected ahead of the 2022 holiday season. The plaza fronts... The post Rockefeller Group’s $50M Public Plaza Renovation to Serve as Gateway to One of Manhattan’s Largest Retail Spaces appeared first on Real Estate Weekly. Rockefeller Group today announced substantial progress on the $50 million renovation of its privately-owned public plaza at 1221 Avenue of the Americas. The block long tree-lined plaza will serve as the gateway to one of Manhattan’s largest retail spaces.  Completion is expected ahead of the 2022 holiday season. The plaza fronts the west side of Avenue of the Americas between 48th and 49th Streets, one block south of Radio City Music Hall.  The building’s available retail space, accessible from the plaza, totals 65,000 square feet.  The plaza also provides in-building access to the Rockefeller Center subway concourse and is connected to an additional 21 million square feet of class-A office space in neighboring buildings. For the first time in 50 years the retail space that originally housed the McGraw-Hill bookstore and the New York Experience Theatre is available for lease simultaneously, paving the way for the plaza redesign and immersive flagship retail opportunity.  The retail space offers rare branding or experiential opportunities in the city’s preeminent neighborhood for both business and tourism. The property, at 2.6 million square feet, is one of the largest office properties within the Rockefeller Center-Sixth Avenue Corridor, New York’s largest class-A office market and one of its fastest-growing hospitality locations. “New York City needs our business districts, and we need to be prepared to grow, evolve, and change in order to remain competitive,” said Mayor Eric Adams. “Reimagining our central business districts will be an all-hands-on-deck effort, one that will require investments not just in the buildings but also in the neighborhood as a whole. I applaud the Rockefeller Group for being model New Yorkers and taking action to improve the neighborhood, and I look forward to working with them and others to ensure that Midtown remains a destination for New Yorkers and visitors alike.” “From a retail perspective, since this building was first developed, the Avenue of the Americas has completely changed for the public from a corporate corridor to a pathway between Bryant Park and Central Park, Fifth Avenue and Times Square,” said Bill Edwards, Rockefeller Group’s executive vice president of Core Holdings.  “Space that was once designed for corporations has been adapted for new uses and we’re thrilled to have this blank canvas for innovative brands to explore and the public to enjoy.”   “It’s hard to imagine a comparable retail opportunity in North America, which offers such a strong backdrop to display a brand on the world’s stage,” said Eric Gelber, an Executive Vice President for CBRE who is leading the marketing and leasing effort for the retail space.  “Aside from the appeal of the neighborhood, the building itself attracts a wide range of populations – from daytime office workers to locals and tourists.  It’s a saturated cross-section difficult to find anywhere else in New York City.” The plaza renovation was designed by Milan-based Antonio Citterio Patricia Viel, the company’s first New York City project.  The company is a multi-disciplinary practice specializing in architecture, urban planning and interior design.  Plans for the plaza aim to transform underutilized outdoor space into a more open, inviting and accessible public space with an expansive pedestrian area at street level.  The plaza is envisioned to be a new meeting place in Midtown, with the street level and concourse plaza connected by a large staircase with stadium seating for office workers and visitors to enjoy the open air and views of landmark towers throughout the day. The post Rockefeller Group’s $50M Public Plaza Renovation to Serve as Gateway to One of Manhattan’s Largest Retail Spaces appeared first on Real Estate Weekly......»»

Category: realestateSource: realestateweeklyMar 19th, 2022

Florida Governor Announces Additional $289 Million To "Improve Student Achievement And Close Learning Gaps"

Florida Governor Announces Additional $289 Million To 'Improve Student Achievement And Close Learning Gaps' Authored by Patricia Tolson via The Epoch Times, During a 10:30 a.m. press conference at the City of Hialeah Educational Academy in Hialeah, Florida, Gov. Ron DeSantis announced an additional $289 million will be set aside for “programs that will improve student achievement and close learning gaps.” Florida Gov. Ron DeSantis at a press conference at the Miami Dade College’s North Campus in Miami, Fla., on Jan. 26, 2022. (Joe Raedle/Getty Images) One day after DeSantis signed SB 1048—a bill that transitions from Florida Standards Assessments testing into progress monitoring—and two days after the Florida Senate passed a record-breaking $112.1 billion state budget proposal, DeSantis announced a fully-funded $289 million program that will provide children with opportunities to seek career options outside of academic disciplines by offering certification programs in high-demand, high-skilled career fields such as law enforcement, nursing, and fire rescue. These are the career fields that suffered personnel losses during lockdowns imposed due to the CCP (Chinese Communist Party) virus, commonly known as the novel coronavirus. Another Florida education program, STEM, guides children toward careers in “science, technology, engineering, and mathematics.” DeSantis said “there’s a huge, huge demand” in nursing and anyone going into the field is going “to have a lot of opportunities as they get beyond school.” According to DeSantis, the new $289 million education and career program includes $105 million for “after school, weekend and summer learning camps that will help struggling students catch up.” Another $47 million will be available to purchase curriculum that falls in line with Florida’s new standards in English, math, civics, and Holocaust education. DeSantis said another $50 million is earmarked for reading intervention and professional development for reading coaches, citing how “early literacy is the key.” “If you have kids at third grade that are reading up to grade level, those kids are likely going to be fine” and “have a pathway to college, if that’s what they want to do,” DeSantis said. But if a child “is deficient by third grade,” their future opportunities diminish. As The Epoch Times reported Jan. 2, America’s education system is failing as the goals for maintaining high academic standards are being replaced with a focus on social constructs like critical race theory and social-emotional learning. Recent government data shows the average fourth grader has only a 41 percent proficiency level in mathematics. By the eighth grade, that proficiency level drops to 34 percent. By the twelfth grade, the average American student has a proficiency level of only 24 percent in math. STEM programs will receive $44 million, an additional $22.5 million will fund programs to help parents reinforce what’s being taught in classrooms at home, and another $5 million will help establish regional mental health resiliency teams to support districts with delivering services to students. “This is an example of really meeting needs that exist in a really big way,” DeSantis said. Tyler Durden Fri, 03/18/2022 - 17:40.....»»

Category: dealsSource: nytMar 18th, 2022