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NoneNEW YORK , Nov. 22, 2024 /PRNewswire/ -- On the year of their 125 th year Anniversary, The E-J Group continues to expand to meet their client's needs by strengthening their presence in the Northeast. E-J has acquired State Electric Corporation. State Electric, located in Bedford, Massachusetts , has been in business since 1988 and is one of the most respected and trusted full-service electrical contractors in New England. The depth of experience and expertise, particularly in healthcare, life science, commercial, sports & entertainment, transportation, power and renewable energy, transmission, distribution and substation work, will only enhance the services offered to our clients. The E-J Group looks forward to providing their clients with additional experience, expertise, and innovative solutions to this area of the Northeast for the reliable, fast-track project delivery they are accustomed to. "We are pleased to welcome State Electric to the E-J Family," says Anthony E. Mann , CEO of the E-J Group. "State's culture of safety first, innovative solutions align with E-J's and makes for an ideal new member of the organization." "All our divisions operate under the same philosophy, safety first while delivering the best quality workmanship, utilizing prefabrication and lean construction solutions. We share the same client focused approach of doing business," states Ronnie Koning , President of State Electric Corp. "Being part of the E-J Group provides more opportunities for our employees and strengthens what we offer to our clients." State Electric will retain its name and cultural identity, with its current leadership continuing in their respective roles. Ronnie Koning will remain as President, reporting to E-J's EVP, Dave Ferguson . Brendan Dickie will continue as COO, and Jane Wu will maintain her position as Controller. Their collective expertise will remain instrumental to the organization's ongoing success. E-J has thrived and survived the test of time by emerging into nearly a $1 billion national electrical company with great financial strength, national clients, project diversity, and a company culture that is founded on Safety First. E-J currently has 15 offices in 5 states across the country in New York , New Jersey , Connecticut , Rhode Island , Arizona , and now Massachusetts . About E-J: The E-J Group is active in all facets of electrical contracting - we are not your typical electrical contractor. We bring experience, expertise and a national reputation on projects that vary in size to over $300 million . Typical installations include rail systems, transit facilities, office buildings, hospitals, power, renewable and clean energy, co-generation facilities, roadway and outdoor specialty, airports, industrial facilities, universities, sport stadiums, extra high voltage distribution, utility, and gas infrastructure. At E-J, four family generations of practical expertise have created an organization keyed to the most modern technological advances in providing rapid and efficient solutions to today's lighting, power, energy, and communication needs. E-J has a 125-year reputation for unparalleled integrity, quality, and service in the electrical field. Please visit our website at www.ej1899.com to learn more about the company. About State Electric Corporation: State Electric Corporation is a leading full-service electrical contractor in the Northeast. Since 1988, State Electric has been a trusted partner of owner's construction managers, utilities, low voltage integrators, and other business partners around the region. While working in partnership with clients, State continually executes the most complex and high-profile electrical construction projects on time and on budget. Headquartered in Bedford, Massachusetts , with a satellite office in Braintree , State Electric is a signatory contractor to the IBEW. Contact: Katie Nilsen , VP Business Development & Strategy – E-J Group 917-807-9496 View original content to download multimedia: https://www.prnewswire.com/news-releases/the-e-j-group-welcomes-state-electric-corporation-to-the-organization-302314568.html SOURCE E-J Electric Installation Co.VANCOUVER, BC / ACCESSWIRE / December 6, 2024 / Marvel Discovery Corp. (TSXV:MARV)(FSE:O4T)(OTCQB:MARVF) ("Marvel" or the "Company") is pleased to announce its return to both its Blackfly Gold Project in Ontario and its Duhamel Nickel-Copper-Cobalt Project in Quebec. As part of this realignment, Marvel will not proceed with its Athabasca Basin uranium property options but will retain its high-potential uranium assets, including Elliott Lake, Pecors West, and East Bull in Ontario. This will better enable the Company to shift resources to our more advanced stage projects where better infrastructure and lower operating costs are established to advance them. Strategic Focus on Blackfly Gold and Duhamel Projects The Blackfly Gold Project, located in the prolific gold mining region near Atikokan, Ontario, has demonstrated strong potential with significant historical gold mineralization. Meanwhile, the Duhamel Nickel-Copper-Cobalt Project in Quebec represents a promising critical mineral opportunity amid growing global demand for battery metals. "The junior resource sector has experienced significant challenges over the past few years, and our focus is to streamline operations and target projects with the highest potential for success," said Karim Rayani, CEO of Marvel Discovery Corp. "Blackfly Gold and Duhamel offer exactly that - advanced-stage opportunities in regions where permitting is accessible and operational costs can be minimized, allowing us to deliver meaningful results efficiently." Blackfly Gold Project Highlights: Located in a historically significant gold region near Atikokan, Ontario, adjacent to the Hammond Reef Gold Deposit held by Agnico Eagle. High-grade gold assays from prior work, with visible gold in drill core (Figure 1) . Proximity to infrastructure and established mining operations, historical exploration, and recent fieldwork. Figure 1. Specks of visible gold in hole BF21-19 drilled at the Black Fly Northeast Zone. NQ core of a diameter of 47.6mm. Duhamel Nickel-Copper-Cobalt Project Highlights: Situated in Quebec, a mining-friendly jurisdiction with robust infrastructure. Potential for critical minerals, including nickel, copper, and cobalt, crucial for the transition to a green economy. Historical and recently completed exploration by Marvel pointing to potential significant mineralization. Refocusing to Drive Shareholder Value By discontinuing the Athabasca Basin uranium projects, Marvel is redirecting its resources to high-impact exploration at Blackfly and Duhamel. This decision positions the Company to better navigate the challenging market environment and capitalize on emerging opportunities in gold and critical metals while reducing operating costs and reducing shareholder dilution. Karim Rayani added: "This strategic pivot reflects Marvel's long-term vision of creating shareholder value through targeted exploration and disciplined project management. By focusing on projects with manageable costs and favorable permitting conditions, we are well-positioned to advance our portfolio and deliver results." Blackfly Atikokan Ontario, The Property is located in the developing Atikokan gold mining camp along and within the Marmion Fault Zone, approximately 13.6 kilometers ("km") southwest of Agnico Eagle's Hammond Reef Gold Deposit. The Blackfly Main Zone area and the Blackfly Northeast Zone occur in areas of magnetic lows along a property-wide, strong, linear northeast trending magnetic high that corresponds with a magnetic mafic dike. Gold is associated with strong silica-sericite-ankerite-pyrite ± chlorite alteration hosted within aquartz-veined granodiorite that has undergone shearing and deformation. Accessory sulphide phases include galena, chalcopyrite and bornite. Surface sampling, mapping and interpretation of magnetic data by Marvel has resulted in better defined and wider gold intervals than drilling by TerraX between 2009 and 2012. Assessment file records indicate that the original Blackfly gold discovery was made in 1897, making the occurrence one of the earliest found in the Atikokan gold mining camp. The project's 45-foot shaft was sunk in 1898 shortly after gold was discovered. Several companies have added to the database of the Property including: Rebair Gold Mines Ltd. (1945 to 1948), Steeprock Mines Ltd. (1949 and again in 1961), Aavdex Corporation (2004) and TerraX Minerals Inc. (2009 to 2012). Blackfly Drill Result from 2021 Drill Program Please see press release dated November 10, 2021.Vancouver, B.C Duhamel Nickel Copper Cobalt - Project Quebec: Located 350 km north of Quebec City, the Duhamel Ni-Cu-Co project lies between two prominent deformation zones in the central part of the Grenville Geological Province (Figure 2). The Duhamel Property is characterized by the presence of large mafic to ultramafic intrusive rock bodies located in northern margin of the Saguenay-Lac-Saint-Jean (SAGLSJ) Anorthosite Suite, one of the largest anorthosite intrusive bodies in the world. The Chute-des-Passes-Pipmuacan reservoir areas contains numerous massive sulfide and iron oxide mineralization occurrences recognized and documented by the Quebec government (Sigeom, Figure 2). Figure 2. Ni-Cu-Co and Fe-Ti-P-V mineral occurrences on the Chute-des-Passes and Pipmuacan Areas (modified from Hebert et Cadieux, 2002) The Duhamel Property currently contains seven (7) occurrences of Ni-Cu-Co sulphides and one (1) Fe-Ti-V iron oxide occurrence discovered between 1997 to 2001 by previous operators who defined a 13 km long mineralized rock corridor (Figure 3). Drill intercept highlights include 1.27% Ni, 0.33% Cu, and 0.12% Co over 3.0 meters by Virginia Gold Mines in 2000 that contained massive sulfides. Compilation of historic assessment reports to date reveals more than thirty (30) Ni-Cu (Co) and four (4) Fe-Ti (V, Cr) mineral occurrences which confirms this corridor to be highly prospective for new Ni-Cu-Co discoveries, as well as Fe-Ti (Cr, V) discoveries. Figure 3. Regional geology, structure, and mineral occurrences of the Duhamel property, included significant mineralized intervals of 2000 and 2001 diamond drilling programs (Ref. SIGEOM-MERNQ) Compilation of historical data by Marvel uncovered a grab sample from massive iron-titanium oxides that returned 0.28% V2O5 associated with 20.8% TiO2 and 0.13% Cr203. Pecors West property, Located in the heart of the Elliott Lake Ontario historical uranium camp the Pecors West property has the potential to host three unique styles of mineralization under the critical metals criteria: PGM-Ni-Cu magmatic style mineralization associated with the large Pecors regional magnetic anomaly. Uranium mineralization typical of the Elliot Lake uranium camp within the Pecors Channel. Uranium and rare-earth oxide (REO) mineralization similar to the contiguous Radio Fuels Eco Ridge Project. The Pecors West property is strategically located next door to an inferred resource of 20,000,000 tons grading 0.037% (0.74 lbs./t) U3O8 or 14,800,000 lbs. U3O8 defined by limited drilling by Rio Algom in1977) . This uranium mineralization is hosted within the Pecors Channel now held by Power One Resources (a spinout from Marvel Discovery). This resource estimated is based on limited drilling and there is potential to expand the Pecors Channel onto the Pecors West property. Uranium is hosted within the quartz-pebble conglomerate of the Matinenda Formation at shallow depths within the Pecors Channel. ‘Channels' within the Elliot Lake uranium camp were mined extensively in the 1950s where production grades averaged 0.100% U3O8. The resource estimate cited above predates and therefore does not conform to the more stringent reporting requirements of National Instrument 43-101 and should not be relied upon according to those standards. Marvel has not yet done exploration work to verify or classify the historical estimates as a current mineral resource, and the Company is not treating the historical estimates as a current mineral reserve or resource. The Company is currently reviewing all historical and data from its most recent exploration programs to define its second phase of drilling both at the Blackfly and Duhamel Projects planned for early next year. Qualified Person Mike Kilbourne, P. Geo, an independent qualified person ("QP") as defined in National Instrument 43-101, has reviewed, and approved the technical contents of this news release on behalf of the Company. About Marvel Discovery Corp. Marvel Discovery Corp. is a Canadian resource company focused on generating and developing mineral exploration projects in gold, base metals, critical minerals, and uranium. With a diversified portfolio across Canada, Marvel remains committed to sustainable exploration practices and creating long-term shareholder value. Atikokan, Ontario (Blackfly - Au Prospect) Elliot Lake, Ontario (Pecors West & East Bull Ontario - Ni-Cu-PGE Prospect) Quebec, (Duhamel -Ni-Cu-Co prospect & Titanium, Vanadium, and Chromium Prospect) Newfoundland, (Hope Brook Critical Elements & Lithium Prospect, and Victoria Lake Prospect) Prince George, British Columbia (Wicheeda North - Rare Earth Elements Prospect) The Company's website is: ON BEHALF OF THE BOARD Marvel Discovery Corp. "Karim Rayani" Karim Rayani President/Chief Executive Officer, Director Tel: 604 716 0551 email: Disclaimer for Forward-Looking Information: Certain statements in this release are forward-looking statements which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this press release relate to, among other things: completion of the proposed Arrangement. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. SOURCE: Marvel Discovery Corporation View the original on
FRIDAY, Dec. 6, 2024 (HealthDay News) -- Faced with rising cases of bird flu virus being detected in raw milk in California, the U.S. Department of Agriculture (USDA) on Friday announced it would mandate testing for the virus in milk nationwide. The National Milk Testing Strategy (NMTS) "builds on measures taken by USDA and federal and state partners since the outbreak of highly pathogenic avian influenza [HPAI] H5N1 in dairy cattle was first detected in March 2024," the agency said in a statement . Any entity that handles pre-pasteurized raw milk -- milk processors and transporters, for example -- must hand over samples for testing to USDA staff upon request. According to the USDA, this could be an efficient way to identify herds infected with H5N1. As of Thursday, 718 cattle herds nationwide are known to be infected with the avian flu virus. The new testing initiative "will give farmers and farmworkers better confidence in the safety of their animals and ability to protect themselves, and it will put us on a path to quickly controlling and stopping the virus’ spread nationwide," U.S. Agriculture Secretary Tom Vilsack said in the USDA statement. The move comes only a few days after a California dairy farm said it was expanding its recall of raw milk and cream after state health officials discovered bird flu virus in more milk samples. In a notice posted Tuesday, Fresno-based Raw Farm LLC said it has now recalled all whole milk and cream products with "use by" dates of Nov. 27 to Dec. 13. Meanwhile, California health officials took additional steps to keep consumers safe, including quarantining the farm. "While this voluntary recall only applies to raw whole milk and cream, due to multiple bird flu detections in the company's operation, the California Department of Public Health [CDPH] urges consumers to avoid consuming any Raw Farm products for human consumption including raw milk, cream, cheese,and kefir, as well as raw milk pet food topper and pet food kefir marketed to pet owners," the CDPH said in a health alert posted Tuesday. "In addition to the statewide voluntary recall, CDFA [California Department of Agriculture] has placed the farm under quarantine, suspending any new distribution of its raw milk, cream, kefir, butter and cheese products produced on or after November 27," the agency added. No human bird flu cases linked to the consumption of raw milk products have been confirmed at this point, the CDPH noted. Unlike raw milk, pasteurized milk is heat-treated to kill off any viruses and remains safe to drink. The latest actions follow recalls of two lots of Raw Farm products after bird flu was first reported in raw milk samples on Nov. 24. Bird flu first surfaced in U.S. dairy cows in March. Since then, the virus has been spreading across the country, particularly in California, where nearly 500 of the more than 700 infected herds nationwide have been detected, the Associated Press reported. So far this year, the virus has infected 58 people in the United States, including 31 in California, according to the U.S. Centers for Disease Control and Prevention . Mild illnesses have been seen in dairy and poultry workers who had close contact with infected animals. No cases of bird flu spreading between people have been detected so far, the agency added. In a statement posted to its website, Raw Farm officials said they were working to restore raw milk supply quickly. “There are no illnesses associated with H5N1 in our products. But rather this is a political issue,” the post stated. “There are no food safety issues with our products or consumer safety. We are working towards resolving this political issue while being cooperative with our government regulatory agencies.” Any move to restrict public access to raw milk could be challenged by the incoming Trump administration, however. Robert Kennedy Jr., who has long criticized crackdowns on raw milk, has been nominated to run the U.S. Department of Health and Human Services and has vowed to push for greater distribution of raw milk products. More information The CDC has more on bird flu . SOURCE: U.S. Department of Agriculture, news release, Dec. 6, 2024; California Department of Public Health, news release, Dec. 4, 2024; Associated Press A California dairy farm has issued a full recall of its raw milk and cream after bird flu was discovered in more milk samples.
This holiday season, be thankful for the taxpayer protections we have in CaliforniaWomen’s advocates say provincial and federal governments need to step up efforts to create housing for people escaping gender-based violence because too many women are forced to remain in unsafe situations after being abused. A study released last week by Women’s Shelters Canada says the country’s housing crisis is preventing many people from finding affordable and safe housing after leaving their abuser. Of the 381 shelters and transition houses that responded, 94 per cent of emergency shelters and 83 per cent of transition homes said victims were staying longer than they had in the past while searching for housing. The report also said when people do leave the facilities, about half return to their abusers because they have no other options. More than two-thirds of the women end up in housing situations considered precarious, which meant they were living with friends or families or trading work for rent. A full 36 per cent experience homelessness at some point. Anna Morgan, manager of programs and services at Ernestine’s Women’s Shelter in Etobicoke, Ont., says her organization has seen enormous demand for services as rents in the Greater Toronto Area soar. Her shelter is meant to provide short-term accommodation for women escaping violence, but it has become more like a transition house as people struggle to find a new place to live. READ MORE: Sooke Transition House sounds alarm over lack of options for women with pets fleeing domestic abuse “We’re over capacity,” Morgan said in a phone interview this week. “The shelter system is becoming basically transitional housing for people, and they (the shelters) are really not set up to be housing.” She said the shelter had to turn away 312 people in the fiscal year that ended March 31, and it is on track to turn away a high number again this year. The shelter helps women and gender-diverse people from all racial and ethnic backgrounds. Many people come from the GTA and neighbouring communities, but Morgan says sometimes people arrive from out of province or even as refugees. The vast majority of people coming to the shelter are “deeply poor,” she says, either on social assistance or working minimum wage jobs. The average rent in Toronto is $3,091 for a two-bedroom apartment, according to Rentals.com, and the wait for social housing is 10 years after getting on the wait-list. Morgan said the report’s findings ring true. In her experience, it’s common for people leaving the shelter system to either couch-surf or get back together with their abusers or into “other precarious, exploitative situations.” “They’re getting stuck in that cycle of experiencing gender-based violence and housing instability and precarity,” she said. As well, private landlords sometimes discriminate against people looking to rent based on their race, gender or sexual orientation. Morgan says many landlords also don’t want to rent to people with children, adding further barriers. Outside of Canada’s major urban hubs, smaller communities are also seeing high rates of gender-based violence and increased demand for help. In Moose Jaw, Sask., Jenn Angus of the Moose Jaw Transition House says the lack of affordable housing has driven up the length of stays for clients in her shelter every year for the last five years. “It’s disheartening,” Angus said in a phone interview this week, adding that it is becoming more common for people to stay between 50 and 70 days, when in previously people could find housing within three weeks. Women with children experience the longest stays, Angus added. SEE ALSO: ‘One is too many’: Vigil held to remember the women killed by femicide Angus added she’s noticed a growing trend of people seeking affordable shelter leaving Moose Jaw — a city of about 40,000 people with what she called a good slate of social services — for rural areas, where there are fewer support services. Saskatchewan had the highest rate of police-reported domestic violence among the provinces in 2023 according to Statistics Canada. Jessica Montgomery of the Jessica Martel Memorial Foundation in Morinville, Alta., said finding affordable housing can be difficult for women leaving their abusers because they often leave with little more than “the clothes on their back” and a suitcase. “A lot of survivors coming to us have also experienced economic abuse,” she said, explaining their abusers either had control over their finances or didn’t allow them to work. “It makes them harder to leave because they don’t have the resources to establish a new life.” Montgomery and Angus said the cost of setting up a new home — hooking up utilities, stocking the pantry, finding furniture — is an obstacle for victims trying to make a fresh start. They both said there’s an urgent need for governments at the federal and provincial levels to add funding to housing projects specifically for survivors of gender-based violence and to cut down on wait times for people applying for social assistance programs. In Nova Scotia, the commission of inquiry into the 2020 mass shooting — which began with the gunman brutally assaulting his spouse — called for “epidemic-level funding” to deal with domestic violence. And in September, the province’s legislature adopted a bill naming domestic violence an epidemic. Caira Mohamed of YWCA Halifax says there isn’t necessarily a dollar figure that represents epidemic-level funding. Instead, it involves a consistent level of assistance from the provincial and federal governments for shelters, transition houses and non-profits looking to end gender-based violence. “More programs which are targeted towards survivors of gender-based and intimate-partner violence will start to address some of these gaps (in services) we’re seeing and hopefully meet that threshold of epidemic-level funding,” she said. This report by The Canadian Press was first published Dec. 6, 2024.Jammu, Dec 8: Notwithstanding accusations by a few leaders of the ruling party that “some people were trying to create chaos and wedge between the offices of LG administration and the government”, confusion, many a time, finds an outlet from their own statements. Contradictory statements emanating from within the party perforate measured and subtle statements of the Chief Minister, his political Advisor and National Conference (NC) veterans, who remain grounded in reality and cautious enough not to leave behind any trails of confusion or rancour, which may prove counterproductive in a changed scenario. Discordant (political) notes (by a few) are emitted, sometimes out of ignorance, misreading the situation and sometimes totally missing the context while engaging the media or being engaged by media. TO UNDERSTAND THE CONTEXT OF DISSONANCE AND ITS RIPPLE EFFECTS, SAMPLE THESE RECENT CASES: Days ago, a veteran journalist on ‘X’ posted, “Pondicherry model is a misnomer started by propagandists. Puducherry, like Delhi, is a Union Territory with a legislature – not a STATE. Unlike Puducherry, J&K was a powerful state, with distinct Constitutional history and was promised restoration of statehood after elections.” The post, seemingly, was based on a byte of MLA Zadibal and Chief Spokesperson National Conference Tanvir Sadiq posted by the party’s official ‘X’ handle on December 3, 2024. “Statehood based on the Pondicherry model is planted news: we are talking about full-fledged statehood, which existed before August 5, 2019.” MLA Zadibal and Chief Spokesperson JKNC @tanvirsadiq.” – read the post of JKNC on its official ‘X’ handle. The post was accompanied by a news byte of Sadiq, speaking to the media, seemingly responding to questions about the application of the “Pondicherry (Puducherry) model” in J&K. “....some people, for no rhyme or reason, are creating chaos and confusion. Some people are planting news. One person is saying something, the other is doing something else...We have just one issue, which has been passed by the state cabinet and that is the restoration of full statehood, which we were having before 2019. We are demanding that and this is an elected government, elected by the people and that too with the majority. I believe that people sitting in Delhi; our rulers in Delhi should respect the mandate of the people and restore our statehood at the earliest, during this (ongoing) parliament session only. Rest of all things...this confusion should be stopped,” Sadiq had stated. In response to another question in the same video as to whether talks were being held (by the government) regarding statehood, he stated, “See, the stage of talks is over, now there is a stage of implementation. Central government means the honourable Prime Minister and the honourable Home Minister have promised openly to the people of J&K to restore statehood to J&K. Besides that there is a clear order of the Supreme Court that J&K’s statehood should be restored as early as possible. So where is the problem?” “The elected government has passed a resolution in the cabinet. So I don’t think there will be a delay on this account (restoration of statehood) because the longer it is delayed, the people’s works will get hampered and their problems will be compounded. The most beautiful thing about this country is its democracy. If you are weakening it then it is unfortunate,” Sadiq asserted. Rest everything was alright yet an irksome portion was related to his statement and observation on the “Pondicherry model” which was actually focussed in the party post (reaffirmed by the veteran journalist’s post also). A few days back, Greater Kashmir did a few stories discussing the present status of J confusion on account of dual power structure, being discussed by political parties (NC itself) and many other media outlets as well; kind of uncertainty in administrative circles on this count and ongoing process of framing of Business Rules congruent to (J&K’s) UT status (to remove this state of confusion in grey areas where they don’t exist or where some presumed overlapping is there) till its statehood is not restored and “Pondicherry (Puducherry) Business Rules,” which act as a model (officially) for J&K’s Business Rules. To set the record straight – no name was mentioned (in NC posts) while making references viz., “Pondicherry model a misnomer started by propagandists...”; “Statehood based on the Pondicherry model is a planted news” and “....some people, for no rhyme or reason, are creating chaos and confusion. Some people are planting news....”. All statements were attributed to NC’s Chief Spokesperson. However, as Greater Kashmir had done stories on this count (probably others too would have done), it became imperative to respond to oblique innuendos, which flew thick and fast, questioning the integrity of those who filed stories. First thing first – Greater Kashmir stories had talked about ‘Business Rules’ being framed for J&K or already in place since 2020, modelled after “Puducherry rules”. The premise of stories was based on existing rules governing J&K as Union Territory. They (stories) did not talk about the scenario post-restoration of statehood. Secondly – How can the “Pondicherry” model be described as “a misnomer started by propagandists” and stories based on that “planted news”? For all those who have any kind of illusion on this account, revision of J&K Reorganisation Act, 2019 is mandatory. Under Rules specifically mentioning the “Lieutenant Governor and The Legislative Assembly of Union Territory of Jammu and Kashmir”, Rule 13 of the Act talks about “Applicability of article 239 A of Constitution” and it reads: “On and from the appointed day, the provisions contained in article 239A, which apply to “Union Territory of Puducherry”, shall also apply to the “Union Territory of Jammu and Kashmir”.” A glance at the rule and one keeps wondering – who is hurting whose credibility (or questioning integrity)? Interestingly, on December 5, National Conference Provincial President, Kashmir Showkat Ahmad Mir, while responding to media queries, admitted that there was a situation of confusion in the absence of Business Rules in certain areas where the powers of the Chief Minister and his ministers were not clear. While answering queries about the holiday on the birth anniversary of Sher-e-Kashmir, he stated, “Following August 5, 2019, they (Centre) took several such decisions which were not in the interest of people and were against the sentiments of people. They cancelled the December 5 holiday, marking the birth anniversary of Sheikh Sahab and also cancelled the Youm-e-Shoura holiday, which marks the sacrifice of martyrs who laid down their lives for the cause of people of J&K. Everyone knows that.” “Recently we have taken over the reins of government. It is still a UT. Powers have still not been defined. In the Secretariat, a committee has been formed to review Business Rules. After that, they will go to the Home Ministry (for vetting). This will be followed by a formal order classifying – what is the domain of LG Sahib and what is the domain of the honourable Chief Minister and his ministers? God willing, soon statehood will be restored. The government is aware of all these circumstances and will take a call at an appropriate time,” Mir said. Same day in Jammu, Deputy Chief Minister Surinder Kumar Choudhary, too, spoke to the media, on this (holiday) account and also on the distribution of power. “Yes, the holiday would be declared, you just have patience for some time. Why would it not be declared? This holiday would not mark an ordinary day but the birth anniversary of Sher-e-Kashmir, who gave us this state of Jammu and Kashmir; our leader, who envisioned it and built it (J&K). Why should the holiday be not there to mark the birth anniversary of such a political stalwart? Just tell me, what financial implication will it bring (on the state exchequer)? Why should anyone object to it?” he asked. Does he not think that the distribution of power should be clear, when asked this, Choudhary asked, “Where is the confusion about the distribution of power?” “Everything is clear. Who says we don’t have power (to act)? If anyone has doubts, they should see it (our action). These two or three employees have been suspended to prove that we have ample power to act,” he said. In Srinagar, on December 5, however, it was the Chief Minister and his Political Advisor, who aptly responded to this issue, subtly. “The Council of Ministers has formally submitted a proposal to Lieutenant Governor Manoj Sinha to reinstate December 5 as a public holiday in commemoration of the late Sheikh Muhammad Abdullah’s anniversary...Hope the holiday will be restored in time for next year...” was the response of Nasir Aslam Wani, CM’s Political Advisor. The Chief Minister reflected on this issue in a more profound manner as he said, “There are many other dates as well but we have to fight a bigger contest. We have to fight for the restoration of J&K’s statehood.” On December 7, while responding to queries about certain media reports, NC’s Chief Spokesperson Tanvir Sadiq denied any tussle between the two august offices. However, scrutiny of it (his statement) keeps one wondering – if he is clearing the air or he is hinting at the irritants. “We need to understand that as of date, J&K is a Union Territory. At the same time, there is an elected government in place, at present. As far as the tussle is concerned, it (the issue) is being brought up by those people who want to create some kind of problem somehow between the LG administration and the government, by any means. We believe so far no major problem has occurred and we hope that no such problem occurs,” Sadiq said, responding to queries about the latest controversy. “As far as the government and LG administration are concerned, as NC’s Chief Spokesperson, I’m telling you that there is no tussle. If there is some internal issue within the government, it will soon be resolved. We don’t want a dual power system here. Everything has been going on in a positive direction since this government came into power. We hope soon J&K’s statehood is restored so that there remains only one power centre to redress people’s problems immediately....which is done by elected government and not nominated persons,” Sadiq said. “We hope that the LG administration and officers presently in place bear this in mind that sooner or later, statehood will be restored. Therefore they (officers) should listen to the elected people and follow their directions,” he added. In any case, this came a day after Chief Minister Omar Abdullah, fully comprehending the grave consequences of ongoing cacophony, for his newly formed government, reportedly, asked his party leaders to “maintain calm till statehood is restored and not to take any step which will lead to confrontation between his Government and LG administration and cause a delay in the restoration of Statehood.” One wonders – to bring harmony sans any confusion, does one need to pass the buck to others (read media) or look within?
By Stephanie Lai and Hadriana Lowenkron, Bloomberg News Donald Trump says he is selecting venture capitalist David Sacks of Craft Ventures LLC to serve as his artificial intelligence and crypto czar, a newly created position that underscores the president-elect’s intent to boost two rapidly developing industries. “David will guide policy for the Administration in Artificial Intelligence and Cryptocurrency, two areas critical to the future of American competitiveness. David will focus on making America the clear global leader in both areas,” Trump said Thursday in a post on his Truth Social network. Trump said that Sacks would also lead the Presidential Council of Advisors for Science and Technology. In Sacks, Trump is tapping one of his most prominent Silicon Valley supporters and fundraisers for a prime position in his administration. Sacks played a key role in bolstering Trump’s fundraising among technology industry donors, including co-hosting an event at his San Francisco home in June, with tickets at $300,000 a head. He is also closely associated with Vice President-elect JD Vance, the investor-turned-Ohio senator. Sacks is a venture capitalist and part of Silicon Valley’s “PayPal Mafia.” He first made his name in the technology industry during a stint as the chief operating officer of PayPal, the payments company whose founders in the late 1990s included billionaire entrepreneur Elon Musk and investor Peter Thiel. After it was sold to eBay, Sacks turned to Hollywood, where he produced the 2005 satire Thank You for Smoking. Back in Silicon Valley, he founded workplace communications company Yammer, which was bought by Microsoft Corp. in 2012 for $1.2 billion. He founded his own venture capital firm, Craft Ventures, in 2017 and has invested in Musk-owned businesses, including SpaceX. Sacks said on a recent episode of his All-In podcast that a “key man” clause in the agreements of his venture firm’s legal documents would likely prevent him from taking a full-time position, but he might consider an advisory role in the new administration. A Craft spokeswoman said Sacks would not be leaving Craft. In his post, Trump said Sacks “will safeguard Free Speech online, and steer us away from Big Tech bias and censorship.” Protecting free speech is a keen interest of Sacks. He regularly speaks about “woke” interests that try to muzzle unpopular opinions and positions. Crypto czar The new post is expected to help spearhead the crypto industry deregulation Trump promised on the campaign trail. The role is expected to provide cryptocurrency advocates a direct line to the White House and serve as a liaison between Trump, Congress and the federal agencies that interface with digital assets, including the Securities and Exchange Commission and the Commodity Futures Trading Commission. Trump heavily campaigned on supporting crypto, after previously disparaging digital assets during his first White House term, saying their “value is highly volatile and based on thin air.” The president-elect on Thursday said Sacks would “work on a legal framework so the Crypto industry has the clarity it has been asking for, and can thrive in the U.S.” During the campaign, Trump spoke at a Bitcoin conference, accepted crypto campaign donations and met with executives from Bitcoin mining companies and crypto exchanges multiple times. Trump’s desire to give priority to the digital asset industry is also reflected in his close allies and cabinet selections, including his Commerce secretary pick, Howard Lutnick, and Treasury secretary nominee Scott Bessent. AI tech On the AI front, Sacks would help Trump put his imprint on an emerging technology whose popular use has exploded in recent years. Sacks is poised to be at the front lines in determining how the federal government both adopts AI and regulates its use as advances in the technology and adoption by consumers pose a wide array of benefits as well as risks touching on national security, privacy, jobs and other areas. The president-elect has expressed both awe at the power of AI technology as well as concern over the potential harms from its use. During his first term, he signed executive orders that sought to maintain US leadership in the field and directed the federal government to prioritize AI in research and development spending. As AI has become more mainstream in recent years and with Congress slow to act, President Joe Biden has sought to fill that void. Biden signed an executive order in 2023 that establishes security and privacy protections and requires developers to safety-test new models, casting the sweeping regulatory order as necessary to safeguard consumers. A number of technology giants have also agreed to adopt a set of voluntary safeguards which call for them to test AI systems for discriminatory tendencies or security flaws and to share those results. Trump has vowed to repeal Biden’s order. The Republican Party’s 2024 platform dismissed Biden’s executive order as one that “hinders AI Innovation, and imposes Radical Leftwing ideas on the development of this technology.” Musk ties Sacks can be expected to work closely with Musk, the world’s richest person and one of the president-elect’s most prominent supporters. Musk is also a player in the AI space with his company xAI and a chatbot named Grok — efforts which pit him against Silicon Valley’s giants — and he stands to wield significant influence within the incoming administration. The appointment won’t require Sacks to divest or publicly disclose his assets. Like Musk, Sacks will be a special government employee. He can serve a maximum of 130 days per year, with or without compensation. However, conflict of interest rules apply to special government employees, meaning Sacks will have to recuse himself from matters that could impact his holdings. Strong opinions Sacks’s Craft Ventures is known more for enterprise software investing than for crypto, but it has made a few crypto investments, including BitGo and Bitwise. Still, Sacks has firm opinions on the sector. Speaking last month on All-In, Sacks praised a bill on crypto regulation that had passed in the U.S. House but not the Senate earlier this year. The Financial Innovation and Technology for the 21st Century Act would regulate certain types of digital assets as a commodity, regulated by the Commodity Futures Trading Commission. “The crypto industry basically wants a really clear line for knowing when they’re a commodity and they want commodities to be governed, like all other commodities, by the CFTC,” he said on the November podcast. He also disparaged some of the Securities and Exchange Commission’s positions on crypto under its chair, Gary Gensler. “The days of Gensler terrifying crypto companies,” he said. “Those days are about to be over.” Earlier this week, Trump nominated crypto advocate Paul Atkins to lead the SEC. With assistance from Zoe Ma, Bill Allison, Sarah McBride, Anne VanderMey and stacy-marie ishmael. ©2024 Bloomberg L.P. Visit bloomberg.com. Distributed by Tribune Content Agency, LLC.World News | Syria Latest: Syrians Celebrate in Streets as Russian Media Says Assad Arrived in MoscowRIYADH: Pakistan and France have agreed to enhance cooperation through business-to-business contacts in the areas of agriculture, livestock, Information Technology, skills development and clean drinking water. An understanding to this effect reached at a meeting between Prime Minister Shehbaz Sharif and French President Emmanuel Macron on the sidelines of the One Water Summit in Riyadh. Both the leaders reiterated the shared desire of two sides to remain closely engaged on all regional and global issues of mutual interest. Expressing satisfaction at its positive trajectory, the two leaders exchanged views on the full spectrum of Pakistan-France relationship, including political, economic, trade and investment, as well as cooperation at multilateral forums, including the United Nations. In his remarks, Prime Minister Shehbaz Sharif stressed upon the need to further strengthen mutually advantageous economic and trade ties between the two countries and encouraged France to take advantage of investment opportunities in Pakistan, especially in areas of climate adaptation and renewable energy. Commending France’s leadership role on climate change and development issues, the Prime Minister recalled with appreciation President Macron’s strong advocacy for the people of Pakistan in the wake of 2022 devastating floods. Shehbaz Sharif also warmly congratulated President Macron on the successful co-hosting of the One Water Summit in Riyadh. Save my name, email, and website in this browser for the next time I comment. Δ document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() );
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NoneJHVEPhoto Adobe ( NASDAQ: ADBE ) is set to report its fourth-quarter results this upcoming Wednesday, December 11th, after market close. Although shares have recovered from their May bottom, Adobe is closing in on a disappointing 2024. Introduction To Adobe Adobe is one of Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
FG Trade/E+ via Getty Images Torrid Holdings Inc. ( NYSE: CURV ) released its Q3 2024 results , surprising the market very negatively, with the stock trading down about 30% on the day after the release. The main negative surprise was a significant fall Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Bill Staples is ready to get to work. Staples took over as chief executive officer of GitLab , effective Dec. 6, succeeding co-founder and CEO Sid Sijbrandij, who is stepping down from his day-to-day role to focus on his health, the DevOps software provider said. Javascript is required for you to be able to read premium content. Thanks for the feedback.By Stephanie Lai and Hadriana Lowenkron, Bloomberg News Donald Trump says he is selecting venture capitalist David Sacks of Craft Ventures LLC to serve as his artificial intelligence and crypto czar, a newly created position that underscores the president-elect’s intent to boost two rapidly developing industries. “David will guide policy for the Administration in Artificial Intelligence and Cryptocurrency, two areas critical to the future of American competitiveness. David will focus on making America the clear global leader in both areas,” Trump said Thursday in a post on his Truth Social network. Trump said that Sacks would also lead the Presidential Council of Advisors for Science and Technology. In Sacks, Trump is tapping one of his most prominent Silicon Valley supporters and fundraisers for a prime position in his administration. Sacks played a key role in bolstering Trump’s fundraising among technology industry donors, including co-hosting an event at his San Francisco home in June, with tickets at $300,000 a head. He is also closely associated with Vice President-elect JD Vance, the investor-turned-Ohio senator. Sacks is a venture capitalist and part of Silicon Valley’s “PayPal Mafia.” He first made his name in the technology industry during a stint as the chief operating officer of PayPal, the payments company whose founders in the late 1990s included billionaire entrepreneur Elon Musk and investor Peter Thiel. After it was sold to eBay, Sacks turned to Hollywood, where he produced the 2005 satire Thank You for Smoking. Back in Silicon Valley, he founded workplace communications company Yammer, which was bought by Microsoft Corp. in 2012 for $1.2 billion. He founded his own venture capital firm, Craft Ventures, in 2017 and has invested in Musk-owned businesses, including SpaceX. Sacks said on a recent episode of his All-In podcast that a “key man” clause in the agreements of his venture firm’s legal documents would likely prevent him from taking a full-time position, but he might consider an advisory role in the new administration. A Craft spokeswoman said Sacks would not be leaving Craft. In his post, Trump said Sacks “will safeguard Free Speech online, and steer us away from Big Tech bias and censorship.” Protecting free speech is a keen interest of Sacks. He regularly speaks about “woke” interests that try to muzzle unpopular opinions and positions. Crypto czar The new post is expected to help spearhead the crypto industry deregulation Trump promised on the campaign trail. The role is expected to provide cryptocurrency advocates a direct line to the White House and serve as a liaison between Trump, Congress and the federal agencies that interface with digital assets, including the Securities and Exchange Commission and the Commodity Futures Trading Commission. Trump heavily campaigned on supporting crypto, after previously disparaging digital assets during his first White House term, saying their “value is highly volatile and based on thin air.” The president-elect on Thursday said Sacks would “work on a legal framework so the Crypto industry has the clarity it has been asking for, and can thrive in the U.S.” During the campaign, Trump spoke at a Bitcoin conference, accepted crypto campaign donations and met with executives from Bitcoin mining companies and crypto exchanges multiple times. Trump’s desire to give priority to the digital asset industry is also reflected in his close allies and cabinet selections, including his Commerce secretary pick, Howard Lutnick, and Treasury secretary nominee Scott Bessent. AI tech On the AI front, Sacks would help Trump put his imprint on an emerging technology whose popular use has exploded in recent years. Sacks is poised to be at the front lines in determining how the federal government both adopts AI and regulates its use as advances in the technology and adoption by consumers pose a wide array of benefits as well as risks touching on national security, privacy, jobs and other areas. The president-elect has expressed both awe at the power of AI technology as well as concern over the potential harms from its use. During his first term, he signed executive orders that sought to maintain US leadership in the field and directed the federal government to prioritize AI in research and development spending. As AI has become more mainstream in recent years and with Congress slow to act, President Joe Biden has sought to fill that void. Biden signed an executive order in 2023 that establishes security and privacy protections and requires developers to safety-test new models, casting the sweeping regulatory order as necessary to safeguard consumers. A number of technology giants have also agreed to adopt a set of voluntary safeguards which call for them to test AI systems for discriminatory tendencies or security flaws and to share those results. Trump has vowed to repeal Biden’s order. The Republican Party’s 2024 platform dismissed Biden’s executive order as one that “hinders AI Innovation, and imposes Radical Leftwing ideas on the development of this technology.” Musk ties Sacks can be expected to work closely with Musk, the world’s richest person and one of the president-elect’s most prominent supporters. Musk is also a player in the AI space with his company xAI and a chatbot named Grok — efforts which pit him against Silicon Valley’s giants — and he stands to wield significant influence within the incoming administration. The appointment won’t require Sacks to divest or publicly disclose his assets. Like Musk, Sacks will be a special government employee. He can serve a maximum of 130 days per year, with or without compensation. However, conflict of interest rules apply to special government employees, meaning Sacks will have to recuse himself from matters that could impact his holdings. Strong opinions Sacks’s Craft Ventures is known more for enterprise software investing than for crypto, but it has made a few crypto investments, including BitGo and Bitwise. Still, Sacks has firm opinions on the sector. Speaking last month on All-In, Sacks praised a bill on crypto regulation that had passed in the U.S. House but not the Senate earlier this year. The Financial Innovation and Technology for the 21st Century Act would regulate certain types of digital assets as a commodity, regulated by the Commodity Futures Trading Commission. “The crypto industry basically wants a really clear line for knowing when they’re a commodity and they want commodities to be governed, like all other commodities, by the CFTC,” he said on the November podcast. He also disparaged some of the Securities and Exchange Commission’s positions on crypto under its chair, Gary Gensler. “The days of Gensler terrifying crypto companies,” he said. “Those days are about to be over.” Earlier this week, Trump nominated crypto advocate Paul Atkins to lead the SEC. With assistance from Zoe Ma, Bill Allison, Sarah McBride, Anne VanderMey and stacy-marie ishmael. ©2024 Bloomberg L.P. Visit bloomberg.com. Distributed by Tribune Content Agency, LLC.Steelers Fans All Saying The Same Thing About Turnovers
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NAHCON moves to comply with Saudi Arabia’s order on 2025 Hajj pilgrimageIf you’re looking for two growth stocks that could soar in 2025 and beyond, ( ) and ( ) are compelling picks. Both growth stocks have strong fundamentals, exciting growth potential, and unique niches in thriving industries. Let’s dive into why these growth stocks deserve a spot on your watchlist. Calian stock Calian Group, headquartered in Ottawa, is a diversified company providing services ranging from healthcare to cybersecurity and advanced technology. It’s like that overachieving kid in class who’s not just great at one subject but excels across the board. The growth stock’s revenue for the trailing 12 months reached $741.39 million, reflecting an impressive 11.1% year-over-year growth. Despite a dip in quarterly earnings, Calian is a long-term play, supported by a robust operating cash flow of $90.51 million and a manageable debt-to-equity ratio of 39.88%. With a forward price-to-earnings (P/E) ratio of just 10.13, the stock seems undervalued, considering its diversification and trajectory. What sets Calian apart is its ability to pivot and adapt. The growth stock has steadily built a reputation for acquiring complementary businesses, which has helped it diversify its revenue streams. Over the past year, its market cap has hovered around $590.59 million, showcasing resilience even amid market volatility. For investors eyeing dividends, Calian recently announced an annual dividend yield of 2.33%, a cherry on top for growth-oriented portfolios. Lumine Lumine Group is a rising star in the vertical market software industry. Think of it as a savvy investor who buys under-appreciated software businesses and transforms them into winners. Lumine’s strategy mirrors lready proven that this model works wonders. Over the past year, Lumine’s quarterly revenue growth shot up by 35.1%, reaching $624.36 million in the trailing 12 months. The growth stock also maintains a healthy current ratio of 1.96, signalling strong liquidity. Despite being relatively new to the scene, Lumine’s stock price has surged by 86.22% over the past year, indicating investor confidence. Its market cap now sits at a hefty $11.75 billion, and with a forward P/E ratio of 41.67, the stock is trading at a premium, but for good reason. Lumine has the potential to dominate its niche market. It is supported by an aggressive acquisition strategy and a dedicated management team. For long-term investors, it’s a bet on the continued digital transformation across industries. Future focus Looking ahead, both Calian and Lumine have bright futures. Calian’s focus on cybersecurity and healthcare aligns with two of the fastest-growing sectors globally. The increasing demand for robust security solutions and the aging population’s healthcare needs provide Calian with tailwinds that are hard to ignore. Lumine, however, benefits from the digitization of traditional industries. Its portfolio companies cater to essential sectors like communications and media, making it a solid play for the tech-savvy investor. Past performance is another reason to believe in these companies. Calian’s disciplined approach to growth has led to steady returns for shareholders, with a beta of 0.89, signalling lower volatility. Lumine’s meteoric rise since its public debut reflects its ability to execute its acquisition-focused strategy with precision. Both growth stocks are set to benefit from their strong financials and visionary leadership. While Calian leverages its diverse offerings to hedge against market risks, Lumine focuses on dominating a specific niche with razor-sharp precision. These approaches make them complementary additions to any growth-focused portfolio. Bottom line As with any investment, risks remain. For Calian, geopolitical tensions could impact its government contracts, while Lumine’s growth depends heavily on successful acquisitions. However, the strong balance sheets and proven business models mitigate these risks. So, whether you prefer Calian’s , diversified growth or Lumine’s high-octane tech play, both stocks are poised to make waves in 2025 and beyond. If you’re in it for the long haul, these companies could be the growth engines your portfolio needs.