First Internet Bancorp (INBK) To Go Ex-Dividend on December 31stJimmy Carter, 39th US president, Nobel winner, dies at 100Stock market today: Wall Street slips to a rare back-to-back loss
The expanded Big Ten is poised to be a major player in this season's College Football Playoff. The 18-team conference had three of the top-four teams in the AP poll this week — No. 1 Oregon, No. 2 Ohio State and No. 4 Penn State. A one-loss Indiana team is ranked 10th but is still very much a contender to make the playoff, given how many Southeastern Conference teams have three defeats or more. Indiana's rise has been perhaps the Big Ten's biggest story this season. Much of the spotlight was on newcomers Oregon, Southern California, UCLA and Washington, but aside from the top-ranked Ducks, that foursome has struggled to impress. Meanwhile, the Hoosiers won their first 10 games under new coach Curt Cignetti before losing at Ohio State last weekend. Oregon beat Ohio State 32-31 back in October, and if the Buckeyes beat rival Michigan this weekend, they'll earn a rematch with the Ducks for the Big Ten title. People are also reading... And it's entirely possible another matchup between those two teams awaits in the CFP. Star power Dillon Gabriel has quarterbacked Oregon to an unbeaten record, throwing for 3,066 yards and 22 touchdowns in 11 games. But don't overlook Iowa's Kaleb Johnson and his 21 rushing TDs, and quarterback Kurtis Rourke has been a big part of Indiana's improvement. Penn State's Abdul Carter has eight sacks and two forced fumbles and could be one of the top edge rushers drafted this year. Going bowling Oregon (11-0, 8-0), Ohio State (10-1, 7-1), Penn State (10-1, 7-1), Indiana (10-1, 7-1), Illinois (8-3, 5-3), Iowa (7-4, 5-3), Michigan (6-5, 4-4), Minnesota (6-5, 4-4), Washington (6-5, 4-4), Southern California (6-5, 4-5), Nebraska (6-5, 3-5) and Rutgers (6-5, 3-5) have already reached the six-win mark for bowl eligibility. Michigan State (5-6, 3-5) and Wisconsin (5-6, 3-5) can join them. Hot seats There may not be many firings in general at the top level of college football. The prospect of sharing revenue with athletes in the future might lead schools to be more judicious about shedding one coach and hiring a new one. Who should be most worried in the Big Ten? Well, Lincoln Riley is struggling to stay above .500 in his third season at USC. Purdue is 1-10, but coach Ryan Walters is only in his second season. Maryland's Mike Locksley has been there six years and his Terrapins are 4-7, but this was his first real step backward after guiding the team to three straight bowl wins. Cignetti has shown it is possible for a coaching change to push a previously moribund program to some impressive heights in a short amount of time — but the improvement has been more incremental at Michigan State following Jonathan Smith's arrival. Sherrone Moore wasn't a completely unknown commodity at Michigan after he won some massive games in place of a suspended Jim Harbaugh last year. But in his first season completely at the helm, the Wolverines have declined significantly following their national title a season ago. Youth movement The Big Ten is home to one of the most dynamic freshmen in the country in Ohio State receiver Jeremiah Smith. He has 52 catches for 899 yards and nine touchdowns. Highly touted quarterback Dylan Raiola has teamed up with fellow freshman Jacory Barney (49 catches) to lead Nebraska to bowl eligibility. Recruiting watch Ohio State is on track to land the Big Ten's top class, according to 247 Sports, but the big news recently was quarterback Bryce Underwood flipping from LSU to Michigan. If the Wolverines do in fact keep Underwood in his home state, that would be a big development for Moore. Be the first to knowJimmy Carter, 39th US president, Nobel winner, dies at 100
B.C. Premier David Eby said B.C. will slay its record-setting deficit of $9 billion through growth and sound fiscal planning, not "harsh austerity cuts" or "under-funding services" as he reached out to business leaders to make a case for investment in physical and social infrastructure. Eby made these comments while speaking in Vancouver Tuesday, (Dec. 10), at an event hosted by the B.C. Chamber of Commerce, which has previously raised concerns about B.C.'s fiscal direction. That tension surfaced during the opening of the informal question-and-answer session between Eby and Fiona Famulak, chamber president and chief executive officer. "We don't always agree, but we can always have — and we always do have — candid and frank conversations, and I know you are always up for tough questions, because you always answer them," Famulak said. "What you have just said minutes ago, a lot of good things have been said." Eby acknowledged relations could be better. "So my commitment is that you will find a government that is hoping, with your support, to hit reset on this relationship, to move forward with the tariff threat that we are facing in a unified way, with the massive opportunity in this province to deliver it for British Columbians and that four years from now...we can look back and go, 'man, we did a lot of good work together.'" Eby's prepared remarks touched on a range of subjects, including tomorrow's meeting with Prime Minister Justin Trudeau as well as provincial and territorial leaders to discuss threatened tariffs of 25 per cent on all Canadian goods by incoming-president U.S. Donald Trump. But if a singular theme ran through Eby's speech, it was his promise to reform permitting for natural resource projects. He pointed to yesterday's announcement that his government would free nine new wind energy projects from the required environmental assessments. He then added that those projects would go through a singular rather multiple permitting windows. Eby said these changes will help get these projects off the ground three to five years faster than otherwise in framing them as the first of many changes to speed up permitting in various areas. One of the central sectors concerned about permitting is the mining sector. More to come...Arsenal make Mikel Arteta proud after smashing Sporting LisbonFord, General Motors, Stellantis Stocks Dip On Trump’s Tariff Threat To Mexico, Canada: Retail Saw It Coming
An FBI agent charged in Maryland with sexually assaulting two women contacted his alleged victims through social media with a promise to give them free tattoos and modeling work, police said Tuesday as they encouraged other potential victims to come forward. Neither woman knew that their alleged assailant, Eduardo Valdivia, was an FBI agent, Montgomery County Assistant Police Chief Nicholas Augustine said during a news conference. Valdivia used aliases, including Lalo Brown, as he contacted the women through an Instagram account for a tattoo parlor in Gaithersburg, Maryland, according to police. Valdivia sexually assaulted the women -- both of whom are in their 20s -- during photo shoots at a tattoo studio and at a hotel, police said. Valdivia presented the women modeling contracts and threatened to take legal action if they didn't return to model for him, Augustine said. Police detectives suspect that Valdivia may have sexually assaulted other women under similar circumstances, according to the assistant chief. "I would like to thank the victims that did come forward. They have now stopped this contact going on in our community and being brave to come forward to notify the police about what was going on, which most likely saved other people from being victimized," Augustine said. Valdivia has been suspended by the FBI pending the conclusion of the police investigation. "The FBI takes allegations of criminal violations and misconduct very seriously," an FBI spokesperson said in a statement Monday. "Because this is an ongoing investigation, the FBI cannot comment further." Valdivia, 40, of Gaithersburg, previously was charged and acquitted in 2022 of attempted second-degree murder and other charges stemming from an off-duty shooting aboard a moving Metro train near Washington, D.C. Online court records show Valdivia now faces felony and misdemeanor charges, including two counts of second-degree rape. The alleged offenses date to May 2024 and September 2024. Defense attorney Robert Bonsib, who represented Valdivia in the shooting case, confirmed that his client was arrested Monday on sexual assault charges. "We don't accept at first blush any of the allegations until all of the evidence is in," Bonsib said Monday. Police began investigating in October. The women were initially reluctant to come forward because they felt "held back" by language in contracts they signed to do modeling work, Augustine said. "We don't know how long the business had been open, but he has been doing tattoos at least since February," Augustine said. Valdivia was ordered held in custody after his initial court appearance Monday, Bonsib said. A bond hearing was scheduled for Tuesday afternoon. Bonsib has said Valdivia joined the FBI in 2011 and was promoted to supervisory special agent at the FBI headquarters in 2019. On Dec. 15, 2020, a confrontation between Valdivia and an unarmed passenger swiftly escalated from a testy exchange of words to a shooting on a train approaching the Medical Center station in Bethesda, Maryland. Valdivia shot and wounded the man from a distance of roughly 2 to 3 feet (0.6 to 0.9 meters) after repeatedly telling the man to back up, county prosecutor Robert Hill said in court. The wounded man had part or all of his spleen, colon and pancreas removed during surgery after the shooting, Hill said. Bonsib has said Valdivia acted in self-defense as the man approached him at the rear of a train car. "The law does not require that you wait to be struck before you take action. Had this resulted in a hands-on fight and a struggle for Agent Valdivia's gun, only God knows what could have happened," Bonsib said after Valdivia was charged.This is the ultimate status symbol
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TORONTO — Canada's main stock index lost more than 100 points Tuesday ahead of an expected interest rate cut Wednesday, while U.S. markets were also down. The S&P/TSX composite index closed down 121.09 points at 25,504.33. In New York, the Dow Jones industrial average was down 154.10 points at 44,247.83. The S&P 500 index was down 17.94 points at 6,034.91, while the Nasdaq composite was down 49.45 points at 19,687.24. “Relative to the churn we have seen in the markets the last few days ... today being a little bit of a boring day would be fairly welcome for many investors,” said Stephen Duench, vice-president and portfolio manager for AGF Investments Inc. Wednesday is set to be more exciting, with an interest rate cut expected in Canada and important consumer inflation data coming in the U.S. “I do expect a little bit more fireworks tomorrow,” said Duench. The Bank of Canada is widely expected to announce an outsized cut Wednesday of half a percentage point, he said. “Anything other than that would be a surprise.” The U.S. Federal Reserve has its last decision of the year scheduled for next week, and market watchers are leaning toward a smaller quarter-percentage-point cut there, said Duench. It would be the third cut this year after the central bank hiked rates to a two-decade high to fight inflation. The inflation report will be the last significant data point before the central bank’s decision, Duench said. If the inflation report shows price growth is proving more stubborn than expected, that could change the Fed’s thinking on rates next week, he said. “Maybe that's part of the reason we've seen churn in the market the last few days in the U.S.” Beneath the surface, there was some movement in the tech sector, where Oracle sank 6.7 per cent after its latest earnings report missed expectations. Meanwhile, Google's stock price rose by more than five per cent. The company on Tuesday unveiled its new chip meant for quantum computing. Duench said after the advent of artificial technology led a rally earlier this year, quantum computing could be another frontier for investors to keep an eye on. The Canadian dollar traded for 70.59 cents US compared with 70.77 cents US on Monday. The January crude oil contract was up 12 cents at US$68.59 per barrel and the January natural gas contract was down two cents at US$3.16 per mmBTU. The February gold contract was up US$32.60 at US$2,718.40 an ounce and the March copper contract was down less than a penny at US$4.27 a pound. — With files from The Associated Press This report by The Canadian Press was first published Dec. 10, 2024. Companies in this story: (TSX:GSPTSE, TSX:CADUSD) Rosa Saba, The Canadian PressAn eight-year-old boy from Charters Towers has become the first child in Queensland to undergo robotic-assisted surgery. Kruze Bott suffered from stomach pain for weeks that would come and go, before an ultrasound revealed one kidney was twice the size of the other. Doctors then discovered he had two ureteropelvic junction obstructions, which stopped urine flowing to his bladder. “Kruze had a blockage of the plumbing system of his kidney,” Mater Private Hospital urologist, Dr Janani Krishnan told 7NEWS. “He had blood vessels crossing the plumbing system, which caused a blockage from the outside, plus he had a blockage on the inside.” She said without intervention the blockages could lead to urinary tract infections and irreversible kidney damage. Kruze was originally due to undergo open surgery, which would have meant a long recovery and a big scar for an active little boy, which his mother, Jade Bott, wasn’t keen on. After being referred to Dr Krishnan, the family was excited to learn the eight-year-old was the perfect candidate for a robotic-assisted pyeloplasty. “She rang and said, ‘Hey there’s a new surgery, can we give it a go on Kruze?” Bott said. “We were thrilled for the opportunity for him to have it.” But while his mother was excited, Kruze admits he was nervous. Paediatric robotic-assisted surgery is performed all over the world in large numbers, but only one had been performed in Australia before this and none in Queensland. The $3.3 million da Vinci XI surgical system was purchased in 2021 by the Mater Foundation, using funds donated by Queenslanders. While almost 1,000 public and private adult patients have undergone surgery using the technology, in a partnership between Mater and Townsville University Hospital, extensive approvals were needed before children could undergo robotic surgery. With support from Cairns Urologist Dr Stefan Antoniou, Dr Krishnan removed the blockage and fixed the ‘plumbing’ of Kruze’s kidneys by taking healthy parts of the ureters and putting them together. She said the robot has better magnification than a laparoscope and she was able to perform the fine suturing required for a pyeloplasty with extreme precision. “He had minimal scarring,” Bott said. “He was up and out of hospital the next day, and a couple of days later you couldn’t even tell he had surgery.” Now fully recovered, Kruze has four small scars and said he was thankful to the doctors and the game-changing surgical technology. “I definitely wouldn’t be able to ride a bike, climb a tree, or swing on rope (if I’d had open surgery).” Dr Krishnan is now eager to set up a curriculum for paediatric robotics across Australia, as a blueprint for other centres to follow. “He was the perfect case and what made it even more so perfect was Jade, his mum, was extremely keen, extremely supportive of this,” she said. “To see him come this far, I’m very grateful that his body has done magic to heal himself well.”
Neal Gerber Eisenberg to Move to Chicago Landmark Building in 2025The 26-year-old man charged in last week’s killing of UnitedHealthcare’s CEO appeared in a Pennsylvania courtroom Tuesday, where he was denied bail and his lawyer said he'd fight extradition to New York City, where the attack happened. Luigi Nicholas Mangione was arrested Monday in the Dec. 4 attack on Brian Thompson after police say a worker at a McDonald’s in Altoona, Pennsylvania, alerted them to a customer who resembled the suspected gunman. When arrested, Mangione had on him a gun that investigators believe was used in the attack and writings expressing anger at corporate America, police said. As Mangione was led into the Hollidaysburg courthouse Tuesday, he struggled with officers and shouted something that was partly unintelligible but referred to an “insult to the intelligence of the American people.” He left hours later without saying anything and was driven away. Mangione is being held on Pennsylvania charges of possession of an unlicensed firearm, forgery and providing false identification to police. Manhattan prosecutors have charged him with five counts, including murder, criminal possession of a weapon and criminal possession of a forged instrument. What's the latest? Wearing an orange jumpsuit, Mangione mostly stared straight ahead during the hearing, occasionally consulting papers, rocking in his chair, or looking back at the gallery. At one point, he began to speak to respond to the court discussion but was quieted by his lawyer. Judge David Consiglio denied bail to Mangione, whose attorney, Thomas Dickey, told the court that his client did not agree to extradition and wants a hearing on the matter. Blair County (Pennsylvania) District Attorney Peter Weeks said that although Mangione will create “extra hoops” for law enforcement to jump through by fighting extradition, it won’t be a substantial barrier to sending him to New York. What evidence has been gathered? In addition to a three-page, handwritten document that suggests he harbored “ill will toward corporate America,” NYPD Chief of Detectives Joseph Kenny said Monday that Mangione also had a ghost gun, a type of weapon that can be assembled at home and is difficult to trace. Officers questioned Mangione, who was acting suspiciously and carrying multiple fraudulent IDs, as well as a U.S. passport, New York Police Commissioner Jessica Tisch said. Officers also found a sound suppressor, or silencer, “consistent with the weapon used in the murder,” she said. He had clothing and a mask similar to those worn by the shooter and a fraudulent New Jersey ID matching one the suspect used to check into a New York City hostel before the shooting, the commissioner said. What do we know about Mangione? Mangione, who comes from a prominent Maryland family, was valedictorian of his elite Baltimore prep school and had degrees from one of the nation’s top private universities. He earned undergraduate and graduate degrees in computer science in 2020 from the University of Pennsylvania. Mangione's grandfather Nick Mangione, who died in 2008, was a successful real estate developer. One of his best-known projects was Turf Valley Resort, a sprawling luxury retreat and conference center outside Baltimore that he purchased in 1978. One of Luigi Mangione’s cousins is Republican Maryland state legislator Nino Mangione, a spokesman for the lawmaker’s office confirmed. From January to June 2022, Mangione lived at Surfbreak, a “co-living” space at the edge of touristy Waikiki in Honolulu. Josiah Ryan, a spokesperson for owner and founder R.J. Martin, said that Martin had learned that Mangione had severe back pain from childhood that interfered with many aspects of his life. Friends in Hawaii widely considered Mangione a “great guy,” and pictures on his social media accounts show a fit and smiling young man on beaches and at parties. Mangione likely was motivated by his anger at what he called “parasitic” health insurance companies and a disdain for corporate greed, according to a law enforcement bulletin obtained by The Associated Press. He wrote that the U.S. has the most expensive healthcare system in the world and that the profits of major corporations continue to rise while “our life expectancy” does not, according to the bulletin, based on a review of the suspect’s handwritten notes and social media posts. The shooting and a quick escape Police said the person who killed Thompson left a hostel on Manhattan's Upper West Side at 5:41 a.m. last Wednesday. Eleven minutes later, he was seen on surveillance video walking back and forth in front of the New York Hilton Midtown, wearing a distinctive backpack. At 6:44 a.m., he shot Thompson at a side entrance to the hotel, fled on foot, then climbed aboard a bicycle and within four minutes had entered Central Park, according to police. Another security camera recorded the gunman leaving the park near the American Museum of Natural History at 6:56 a.m. still on the bicycle but without the backpack, police said. After getting in a taxi, he headed north to a bus terminal near the George Washington Bridge, arriving at around 7:30 a.m. From there, the trail of video evidence runs cold. Police have not located video of the suspect exiting the building, leading them to believe he likely took a bus out of town. Police said they are still investigating the path the suspect took to Pennsylvania. “This just happened this morning," Kenny said. "We’ll be working, backtracking his steps from New York to Altoona, Pennsylvania,” Kenny said. Associated Press reporters Jamie Stengle, Lea Skene, Matt O'Brien, Sean Murphy and Cedar Attanasio contributed to this report.The shooting percentage inside the CSU field house matched the weather outside for the CSU men’s basketball team on Saturday as they hosted Furman. Furman led from start to finish on their way to a 67-46 win, improving to 6-0 on the season. CSU dropped to 1-6 overall and will play games at Georgia Tech and Miami next week. Son of Silkk the Shocker and nephew of Master P helps LSU rally past CSU Cooler weather invaded the Lowcountry on the weekend and that cold snap was reflected in the Buccaneers’ field goal percentage. CSU shot only 31.5 percent from the field, including a four-of-23 performance from beyond the arc. Furman, on the other hand, shot 49.1 percent from the field and won despite missing 10 free throws. CSU men lose to VMI, 80-69 Furman led, 34-22, at the half, using a late spurt to solidify their double-digit lead. The lead would stay in double digits throughout the second half with Furman building its biggest lead of 57-36 with 7:43 to play in the game. Guard Daylen Berry led CSU with 16 points while guard RJ Johnson added nine points. CSU’s leading scorer, forward Taje Kelly, was limited to three points. Bucs drop road game matinee in West Virginia Nick Anderson paced Furman with 14 points with PJay Smith adding 13 points.
Companies tighten security after a health care CEO’s killing leads to a surge of threatsCroatia's incumbent president gains most votes for re-election, but not enough to avoid a runoff
After institutions for people with disabilities close, graves are at risk of being forgottenThe 26-year-old man charged in last week’s killing of UnitedHealthcare’s CEO appeared in a Pennsylvania courtroom on Tuesday, where he was denied bail and his lawyer said he'd fight extradition to New York City, where the attack happened. Luigi Nicholas Mangione was arrested Monday in last Wednesday's attack on Brian Thompson after they say a worker at a McDonald’s in Altoona, Pennsylvania, alerted authorities to a customer who resembled the suspected gunman. When arrested, Mangione had on him a gun that investigators believe was used in the attack and writings expressing anger at corporate America, police said. People are also reading... As Mangione arrived at the courthouse Tuesday, he struggled with officers and shouted something that was partly unintelligible but referred to an “insult to the intelligence of the American people.” Mangione is being held on Pennsylvania charges of possession of an unlicensed firearm, forgery and providing false identification to police. Manhattan prosecutors have charged him with five counts, including murder, criminal possession of a weapon and criminal possession of a forged instrument. Here are some of the latest developments: What's the latest? Wearing an orange jumpsuit, Mangione mostly stared straight ahead during the hearing, occasionally consulting papers, rocking in his chair, or looking back at the gallery. At one point, he began to speak to respond to the court discussion but was quieted by his lawyer. Judge David Consiglio denied bail to Mangione, whose attorney, Thomas Dickey, told the court that his client did not agree to extradition and wants a hearing on the matter. Blair County (Pennsylvania) District Attorney Peter Weeks said that although Mangione's fighting extradition will create “extra hoops” for law enforcement to jump through, it won’t be a substantial barrier to sending him to New York. What evidence has been gathered? In addition to a three-page, handwritten document that suggests he harbored “ill will toward corporate America,” NYPD Chief of Detectives Joseph Kenny said Monday that Mangione also had a ghost gun, a type of weapon that can be assembled at home and is difficult to trace. Officers questioned Mangione, who was acting suspiciously and carrying multiple fraudulent IDs, as well as a U.S. passport, New York Police Commissioner Jessica Tisch said. Officers also found a sound suppressor, or silencer, “consistent with the weapon used in the murder,” she said. He had clothing and a mask similar to those worn by the shooter and a fraudulent New Jersey ID matching one the suspect used to check into a New York City hostel before the shooting, the commissioner said. What do we know about Mangione? Kenny said Mangione was born and raised in Maryland, has ties to San Francisco and that his last known address is in Honolulu. Mangione, who was valedictorian of his Maryland prep school, earned undergraduate and graduate degrees in computer science in 2020 from the University of Pennsylvania, a university spokesman told The Associated Press on Monday. Mangione comes from a prominent Maryland family. His grandfather Nick Mangione, who died in 2008, was a successful real estate developer. One of his best-known projects was Turf Valley Resort, a sprawling luxury retreat and conference center outside Baltimore that he purchased in 1978. Mangione likely was motivated by his anger with what he called “parasitic” health insurance companies and a disdain with corporate greed, said a law enforcement bulletin obtained by The Associated Press. He wrote that the U.S. has the most expensive healthcare system in the world and that the profits of major corporations continue to rise while “our life expectancy” does not, according to the bulletin, which was based on a review of the suspect’s hand-written notes and social media postings. The defendant appeared to view the targeted killing of the UnitedHealthcare CEO as a symbolic takedown and may have been inspired by “Unabomber” Ted Kaczynski, whom he called a “political revolutionary,” the document said. The shooting and a quick escape Police said the person who killed Thompson left a hostel on Manhattan's Upper West Side at 5:41 a.m. on Wednesday. Eleven minutes later, he was seen on surveillance video walking back and forth in front of the New York Hilton Midtown, wearing a distinctive backpack. At 6:44 a.m., he shot Thompson at a side entrance to the hotel, fled on foot, then climbed aboard a bicycle and within four minutes had entered Central Park, according to police. Another security camera recorded the gunman leaving the park near the American Museum of Natural History at 6:56 a.m. still on the bicycle but without the backpack, police said. After getting in a taxi, he headed north to a bus terminal near the George Washington Bridge, arriving at around 7:30 a.m. From there, the trail of video evidence runs cold. Police have not located video of the suspect exiting the building, leading them to believe he likely took a bus out of town. Police said they are still investigating the path the suspect took to Pennsylvania. “This just happened this morning," Kenny said. "We’ll be working, backtracking his steps from New York to Altoona, Pennsylvania,” Kenny said. Associated Press reporters Lea Skene, Matt O'Brien, Sean Murphy and Cedar Attanasio contributed to this report. The business news you needTikTok is challenging the federal government’s order to shut down its operations in Canada. Read this article for free: Already have an account? To continue reading, please subscribe: * TikTok is challenging the federal government’s order to shut down its operations in Canada. Read unlimited articles for free today: Already have an account? TikTok is challenging the federal government’s order to shut down its operations in Canada. The company filed in documents in Federal Court in Vancouver on Thursday. The government ordered the dissolution of TikTok’s Canadian business in November after a national security review of the Chinese company behind the social media platform. That means TikTok must “wind down” its operations in Canada, though the app will continue to be available to Canadians. TikTok wants the court to overturn the government’s order and to place a pause on the order while the court hears the case. It is claiming the minister’s decision was “unreasonable” and “driven by improper purposes.” The review was carried out through the Investment Canada Act, which allows the government to investigate any foreign investment with potential to harm national security. Industry Minister François-Philippe Champagne said in a statement at the time the government was taking action to address “specific national security risks,” though it didn’t specify what those risks were. TikTok’s filing says Champagne “failed to engage with TikTok Canada on the purported substance of the concerns that led to the (order.)” Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. The company argues the government ordered “measures that bear no rational connection to the national security risks it identifies.” It says the reasons for the order “are unintelligible, fail to reveal a rational chain of analysis and are rife with logical fallacies.” The company’s law firm, Osler Hoskin & Harcourt LLP, declined to comment, while Champagne’s office did not immediately respond to a request for comment. A TikTok spokesperson said in a statement that the order would “eliminate the jobs and livelihoods of our hundreds of dedicated local employees — who support the community of more than 14 million monthly Canadian users on TikTok, including businesses, advertisers, creators and initiatives developed especially for Canada.” This report by The Canadian Press was first published Dec. 10, 2024. Advertisement Advertisement
Croatia's incumbent president gains most votes for re-election, but not enough to avoid a runoffPUNE The Vikhe-Patil family, a prominent name in Maharashtra politics, made a dramatic comeback in the recent state assembly elections, avenging their previous defeat in the Lok Sabha polls and ensuring their opponents faced significant setbacks. In the assembly election, the Mahayuti alliance clinched 10 out of 12 assembly seats in Ahmednagar district. This was a major reversal from 2019 elections when the Congress-Nationalisy Congress Party (NCP) alliance had won eight seats, an independent secured one, and the Bharatiya Janata Party (BJP)-Shiv Sena bagged three seats. The political stakes were particularly high for the Vikhe-Patil family after Sujay Vikhe-Patil’s loss to NCP (SP) candidate Nilesh Lanke in the Ahmednagar Lok Sabha constituency. Sujay’s defeat had raised questions about the family’s political future. At that time, Balasaheb Thorat and other local Maha Vikas Aghadi (MVA) leaders played a key role in securing Lanke’s victory, with Lanke emerging as a giant killer. The tide turned in the recent assembly polls, with the Vikhe-Patils leading a calculated campaign to unseat their political adversaries. Sujay’s father, Radhakrishna Vikhe-Patil, retained the Shirdi seat he has held since 1995, defeating Congress’s Prabhavati Ghogare by a margin of over 70,000 votes, despite an intense campaign by MVA leaders. This time, the Vikhe-Patil family orchestrated a counter-attack, ensuring the defeat of major MVA figures. Eight-time MLA and Congress stalwart Balasaheb Thorat was unseated in Sangamner, a constituency dominated by Thorat’s institutions and influence. Similarly, Nilesh Lanke’s wife, Rani, faced defeat in Parner at the hands of a fresh face Kashinath Date from NCP. It was a tough time for the Vikhe-Patil family after the Lok Sabha loss, said Sujay. “Our political foes made numerous allegations. We waited patiently and, when the opportunity arose, delivered a fitting response in Parner and Sangamner,” he said. Radhakrishna Vikhe-Patil and Sujay reportedly worked behind the scenes to script these key defeats in Ahmednagar district. In Sangamner, Radhakrishna ensured that his loyalist, BJP worker Amol Khatal, received the Shiv Sena ticket to contest against Thorat. In Parner, they persuaded NCP rebel Vijay Auti to back official NCP candidate Kashinath Date, preventing a split in NCP’s vote base and facilitating Date’s narrow victory over Rani Lanke. Khatal defeated Thorat by over 10,000 votes, while Date edged out Lanke by a slender margin of 1,500 votes. Thorat, who had been winning Sangamner for eight consecutive terms, had been confident of victory. Similarly, Parner, the Lankes’ stronghold since Nilesh became an MLA in 2019, witnessed an unexpected outcome. There are also rumours within Ahmednagar district that BJP leader Ram Shinde’s defeat to NCP’s Rohit Pawar in the Karjat Jamkhed constituency may have been influenced by the Vikhe-Patil faction. Shinde had distanced himself from Sujay’s Lok Sabha campaign, which reportedly led to strained relations. A close associate of the Vikhe-Patil family commented, “In Ahmednagar, whoever opposes Balasaheb Thorat is on our side, irrespective of party affiliations. This time, we conducted our own surveys, identified promising candidates, and planned meticulously to take revenge. The results speak for themselves.” Addressing victory rallies in Ahmednagar, Sujay openly acknowledged their role in defeating their rivals, cementing the Vikhe-Patil family’s resurgence in Maharashtra politics.
WEST JORDAN, Utah, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Sportsman's Warehouse Holdings, Inc. ("Sportsman's Warehouse” or the "Company”) (Nasdaq: SPWH) today announced third quarter financial results for the thirteen and thirty-nine weeks ended November 2, 2024. "Despite a pressured consumer and complex macroeconomic environment, we focused our efforts on driving sales and achieved growth in our fishing, camping and gift bar categories during the quarter,” said Paul Stone, Sportsman's Warehouse President and Chief Executive Officer. "We continue to make progress on our business reset initiatives with a focus on improved in-stocks, in-store and online customer experience and our Great Gear | Great Service program.” "To improve our holiday relevancy and drive traffic during the season, we introduced an omni-channel marketing campaign highlighting gear perfect for gifting or for treating yourself, primarily centered around value,” continued Stone. "This is a new approach to engaging our customers, which we coupled with an upgraded store experience creating a fully integrated customer experience. As we move through the balance of the holiday season and navigate a pressured consumer environment, we'll continue to prioritize traffic-driving marketing and product pricing initiatives, exceptional customer service and prudent inventory management. Emphasizing the balance sheet and ending the year with positive free cash flow remain our primary objectives.” For the thirteen weeks ended November 2, 2024: "Given the current consumer environment and the shift towards value and promotion-driven shopping, we intensified our marketing and advertising campaigns to drive sales, which placed additional pressure on our margins this quarter,” said Jeff White, Chief Financial Officer of Sportsman's Warehouse "To ensure strong core product in-stocks and to bring fresh offerings to our stores, we made strategic inventory investments aimed at improving sales during the hunting and holiday seasons. As we progress through the remainder of the year, we will remain disciplined in managing our expenses, and will reduce total inventory levels to generate positive free cash flow. Our mid and long-term objectives will be centered on improving our topline with a focus on margins and profitability.” The Company is adjusting its guidance for fiscal year 2024 and expects net sales to be in the range of $1.18 billion to $1.20 billion, adjusted EBITDA to be in the range of $23 million to $29 million and total inventory to be below $350 million. The low end of the adjusted EBITDA range still assumes positive free cash flow for the full year. The Company now expects capital expenditures for 2024 to be in the range of $17 million to $20 million, primarily consisting of technology investments relating to merchandising and store productivity. No new store openings for the remainder of fiscal year 2024 are currently anticipated and we plan to open one new store in fiscal year 2025. The Company has not reconciled expected adjusted EBITDA for fiscal year 2024 to GAAP net income because the Company does not provide guidance for net (loss) income and is not able to provide a reconciliation to net (loss) income without unreasonable effort. The Company is not able to estimate net (loss) income on a forward-looking basis without unreasonable efforts due to the variability and complexity with respect to the charges excluded from Adjusted EBITDA, including stock-based compensation expense. Conference Call Information A conference call to discuss third quarter 2024 financial results is scheduled for December 10, 2024, at 5:00 PM Eastern Time. The conference call will be held via webcast and may be accessed via the Investor Relations section of the Company's website at www.sportsmans.com. Non-GAAP Financial Measures This press release includes the following financial measures defined as non-GAAP financial measures by the Securities and Exchange Commission (the "SEC”) and that are not calculated in accordance with U.S. generally accepted accounting principles ("GAAP”): adjusted net (loss) income, adjusted diluted (loss) earnings per share and adjusted EBITDA. The Company defines adjusted net (loss) income as net (loss) income plus expenses incurred relating to director and officer transition costs, costs related to the implementation of our cost reduction plan, costs related to legal settlements and related fees and expenses, and fees and expenses related to a settlement in the cancellation of a contract related to our information technology systems. Net (loss) income is the most comparable GAAP financial measure to adjusted net (loss) income. The Company defines adjusted diluted (loss) earnings per share as adjusted net (loss) income divided by diluted weighted average shares outstanding. Diluted (loss) earnings per share is the most comparable GAAP financial measure to adjusted diluted (loss) earnings per share. The Company defines Adjusted EBITDA as net (loss) income plus interest expense, income tax (benefit) expense, depreciation and amortization, stock-based compensation expense, director and officer transition costs, costs related to the implementation of our cost reduction plan, a legal settlement and related fees and expenses, and fees and expenses related to a settlement in the cancellation of a contract related to our information technology systems. Net (loss) income is the most comparable GAAP financial measure to adjusted EBITDA. The Company has reconciled these non-GAAP financial measures to the most directly comparable GAAP financial measures under "GAAP and Non-GAAP Financial Measures” in this release. As noted above, the Company has not provided a reconciliation of fiscal year 2024 guidance for Adjusted EBITDA, in reliance on the unreasonable efforts exception provided under Item 10(e)(1)(i)(B) of Regulation S-K. The Company believes that these non-GAAP financial measures not only provide its management with comparable financial data for internal financial analysis but also provide meaningful supplemental information to investors and are frequently used by analysts, investors and other interested parties in the evaluation of companies in the Company's industry. Specifically, these non-GAAP financial measures allow investors to better understand the performance of the Company's business and facilitate a more meaningful comparison of its diluted (loss) earnings per share and actual results on a period-over-period basis. The Company has provided this information as a means to evaluate the results of its ongoing operations. Management uses this information as additional measurement tools for purposes of business decision-making, including evaluating store performance, developing budgets and managing expenditures. Other companies in the Company's industry may calculate these items differently than the Company does. Each of these measures is not a measure of performance under GAAP and should not be considered as a substitute for the most directly comparable financial measures prepared in accordance with GAAP. Non-GAAP financial measures have limitations as analytical tools, and investors should not consider them in isolation or as a substitute for analysis of the Company's results as reported under GAAP. The Company's management believes that these non-GAAP financial measures allow investors to evaluate the Company's operating performance and compare its results of operations from period to period on a consistent basis by excluding items that management does not believe are indicative of the Company's core operating performance. The presentation of such measures, which may include adjustments to exclude unusual or non-recurring items, should not be construed as an inference that the Company's future results, cash flows or leverage will be unaffected by other unusual or non-recurring items. Forward-Looking Statements This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 as contained in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements in this release include, but are not limited to, statements regarding our progress on our business reset initiatives; our prioritization of traffic-driving marketing and product pricing initiatives, exceptional customer service and prudent inventory management; our emphasis on the balance sheet and ending the year with positive free cash flow; our ability to manage expenses, reduce total inventory levels to generate positive free cash flow; and our guidance for net sales and Adjusted EBITDA for fiscal year 2024. Investors can identify these statements by the fact that they use words such as "aim,” "anticipate,” "assume,” "believe,” "can have,” "could,” "due,” "estimate,” "expect,” "goal,” "intend,” "likely,” "may,” "objective,” "plan,” "positioned,” "potential,” "predict,” "should,” "target,” "will,” "would” and similar terms and phrases. These forward-looking statements are based on current expectations, estimates, forecasts and projections about our business and the industry in which we operate and our management's beliefs and assumptions. We derive many of our forward-looking statements from our own operating budgets and forecasts, which are based upon many detailed assumptions. While we believe that our assumptions are reasonable, we caution that predicting the impact of known factors is very difficult, and we cannot anticipate all factors that could affect our actual results. The Company cannot assure investors that future developments affecting the Company will be those that it has anticipated. Actual results may differ materially from these expectations due to many factors including, but not limited to: current and future government regulations, in particular regulations relating to the sale of firearms and ammunition, which may impact the supply and demand for the Company's products and ability to conduct its business; the Company's retail-based business model which is impacted by general economic and market conditions and economic, market and financial uncertainties that may cause a decline in consumer spending; the Company's concentration of stores in the Western United States which makes the Company susceptible to adverse conditions in this region, and could affect the Company's sales and cause the Company's operating results to suffer; the highly fragmented and competitive industry in which the Company operates and the potential for increased competition; changes in consumer demands, including regional preferences, which we may not be able to identify and respond to in a timely manner; the Company's entrance into new markets or operations in existing markets, including the Company's plans to open additional stores in future periods, which may not be successful; the Company's implementation of a plan to reduce expenses in response to adverse macroeconomic conditions, including an increased focus on financial discipline and rigor throughout the Company's organization; impact of general macroeconomic conditions, such as labor shortages, inflation, elevated interest rates, economic slowdowns, and recessions or market corrections; and other factors that are set forth in the Company's filings with the SEC, including under the caption "Risk Factors” in the Company's Form 10-K for the fiscal year ended February 3, 2024, which was filed with the SEC on April 4, 2024, and the Company's other public filings made with the SEC and available at www.sec.gov. If one or more of these risks or uncertainties materialize, or if any of the Company's assumptions prove incorrect, the Company's actual results may vary in material respects from those projected in these forward-looking statements. Any forward-looking statement made by the Company in this release speaks only as of the date on which the Company makes it. Factors or events that could cause the Company's actual results to differ may emerge from time to time, and it is not possible for the Company to predict all of them. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws. About Sportsman's Warehouse Holdings, Inc. Sportsman's Warehouse Holdings, Inc. is an outdoor specialty retailer focused on meeting the needs of the seasoned outdoor veteran, the first-time participant, and everyone in between. We provide outstanding gear and exceptional service to inspire outdoor memories. For press releases and certain additional information about the Company, visit the Investor Relations section of the Company's website at www.sportsmans.com. Investor Contact: Riley Timmer Vice President, Investor Relations Sportsman's Warehouse (801) 304-2816 [email protected] Condensed Consolidated Statements of Operations (Unaudited) (amounts in thousands, except per share data) 2024 sales 2023 sales Variance Condensed Consolidated Statements of Operations (Unaudited) (amounts in thousands, except per share data) 2024 sales 2023 sales VarianceWhen Jimmy Carter set out to forge a legacy in his post-White House years, he not only created the Carter Center, but also wrote stacks of books documenting his political and personal history. He was not the most prolific U.S. president (Theodore Roosevelt authored about three dozen works), but Carter and his word processor galloped through a multitude of genres before his death at age 100 on Sunday. His 32 books include personal histories, political memoirs, a novel, poems, spiritual lessons, guides to aging, Middle East critiques, lectures and a children’s book. Some became best sellers, all are valuable to historians. Many, especially those about his Georgia experiences, are rewarding reads. Even so, Carter’s writing can be exasperating. The trained engineer was not prone to the creative phrase or an engaging narrative voice. In “Sources of Strength” (1997) he notes that while his evangelist sister Ruth Carter Stapleton prayed as though she was talking with a friend, “my prayers are usually more formal, as I speak somewhat cautiously to Almighty God.” Jimmy Carter wrote like he prayed. Even in his personal memoirs, readers are often kept at a distance, as if an inner Secret Service agent were standing guard over his deepest self. New York Times critic Michiko Kakutani found that in “Always a Reckoning” (1995), Carter’s poems “plod earnestly from Point A to Point B without ever making the leap into emotional hyperspace.” Washington Post reviewer Jonathan Yardley declared Carter’s “White House Diary” (2010) to be “stupendously dull.” Many of his books repeat themselves or read like over-extended opinion pieces. There are hints that Carter didn’t appreciate being edited. Peter Osnos, who says he worked closely with Carter on “Living Faith” (1996), read the first draft and made suggestions that led to “several very stiff exchanges.” When Carter co-authored “Everything to Gain” (1987) with wife Rosalynn, he wrote only half-jokingly that the process threatened “the stability of our marriage.” It’s possible this disinclination to editorial input cost him in his peacemaking pursuits. “Palestine: Peace Not Apartheid” (2006) created a national and local furor. Some members of the Carter Center advisory board resigned and Jewish organizations bought ads to sharply protest Carter’s stance. In “We Can Have Peace in the Holy Land” (2009), Carter blames much of the outrage on his use of “apartheid” in the title. Questions arise: Did no editor or colleague raise a red flag over the word? Would Carter have heeded their reservations? The irony is that Carter’s books are valuable precisely because they are his own work and bespeak the earnestness Kakutani laments in his poetry. In “Sources of Strength,” perhaps the key piece in the jigsaw puzzle of his personality, Carter writes that “the most important goal most people share...is...to live in a truly meaningful way.” His written words also reveal the virtues, tics, talents and contradictions of the man. “White House Diary” attacks the late Sen. Ted Kennedy — with what seems disproportionate venom — for, among other things, condemning Carter’s health care plan. Yet in the earlier “Living Faith” (1996), the former president preaches forgiveness, then laments his own hypocrisy: “Most of my lingering resentments relate to our time in Washington. In some cases, I have said, ‘I can’t forgive that jerk!’” Carter’s books, at bottom, are about struggle: to overcome his personal faults, to bring meaning to his life and legacy, to battle injustice, to free the hostages in Iran, to come to terms with losing the presidency, to negotiate peace, to harness slippery language. The last struggle may have been the most challenging. William Zinsser, in his guide “On Writing Well,” cited President Carter for signing an executive order directing that federal regulations be written “simply and clearly.” But as Carter mused in a post-White House poem: “Now when I seek efficient words / to say what I believe is true / or have a dream I want to share / the vagueness is still there.” Language in federal regulations was one thing; language in literature proved to be another. RECOMMENDED READING An Hour Before Daylight: Memories of a Rural Boyhood (2001): The best seller traces Carter’s boyhood during the Depression in Georgia, is honest about Southern race issues and provides background on formation of his values. Turning Point: A Candidate, a State, and a Nation Come of Age (1992): The story of Carter’s 1962 campaign for the Georgia Senate draws a shocking portrait of local politics. Oddly, Carter never wrote a book on his term as governor. Living Faith (1996), Sources of Strength (1997): The closest we get to the inner man, Carter explains in the first book how his creed developed through life. The second contains 52 Sunday school lessons that provide eye-opening glimpses of a remarkable psyche. Beyond the White House: Waging Peace, Fighting Disease, Building Hope (2007): Describes the amazing scope of the Carter Center’s work, from negotiations in Haiti to eradicating Guinea worm in Ghana. The Hornet’s Nest: A Novel of the Revolutionary War (2003): This is flawed fiction about Deep South patriots in the Revolutionary War, but it deserves better than one snooty review headline: “Founding Bubbas.” As The Texas Observer noted, it is also “a studious reminder not to take the South for granted.”After institutions for people with disabilities close, graves are at risk of being forgotten