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Children of the wealthy and connected get special admissions consideration at some elite U.S. universities, according to new filings in a class-action lawsuit originally brought against 17 schools. Georgetown’s then-president, for example, listed a prospective student on his “president’s list” after meeting her and her wealthy father at an Idaho conference known as “summer camp for billionaires,” according to Tuesday court filings in the price-fixing lawsuit filed in Chicago federal court in 2022. Although it’s always been assumed that such favoritism exists, the filings offer a rare peek at the often secret deliberations of university heads and admissions officials. They show how schools admit otherwise unqualified wealthy children because their parents have connections and could possibly donate large sums down the line, raising questions about fairness. Stuart Schmill, the dean of admissions at the Massachusetts Institute of Technology, wrote in a 2018 email that the university admitted four out of six applicants recommended by then-board chairman Robert Millard, including two who “we would really not have otherwise admitted.” The two others were not admitted because they were “not in the ball park, or the push from him was not as strong.” In the email, Schmill said Millard was careful to play down his influence on admissions decisions, but he said the chair also sent notes on all six students and later met with Schmill to share insight “into who he thought was more of a priority.” The filings are the latest salvo in a lawsuit that claims that 17 of the nation’s most prestigious colleges colluded to reduce the competition for prospective students and drive down the amount of financial aid they would offer, all while giving special preference to the children of wealthy donors. “That illegal collusion resulted in the defendants providing far less aid to students than would have been provided in a free market,” said Robert Gilbert, an attorney for the plaintiffs. Since the lawsuit was filed, 10 of the schools have reached settlements to pay out a total of $284 million, including payments of up to $2,000 to current or former students whose financial aid might have been shortchanged over a period of more than two decades. They are Brown, the University of Chicago, Columbia, Dartmouth, Duke, Emory, Northwestern, Rice, Vanderbilt and Yale. Johns Hopkins is working on a settlement and the six schools still fighting the lawsuit are the California Institute of Technology, Cornell, Georgetown, MIT, Notre Dame and the University of Pennsylvania. MIT called the lawsuit and the claims about admissions favoritism baseless. “MIT has no history of wealth favoritism in its admissions; quite the opposite,” university spokesperson Kimberly Allen said. “After years of discovery in which millions of documents were produced that provide an overwhelming record of independence in our admissions process, plaintiffs could cite just a single instance in which the recommendation of a board member helped sway the decisions for two undergraduate applicants." In a statement, Penn also said the case is meritless that the evidence shows that it doesn't favor students whose families have donated or pledged money to the Ivy League school. “Plaintiffs’ whole case is an attempt to embarrass the University about its purported admission practices on issues totally unrelated to this case," the school said. Notre Dame officials also called the case baseless. “We are confident that every student admitted to Notre Dame is fully qualified and ready to succeed,” a university spokesperson said in a statement. The South Bend, Indiana, school, though, did apparently admit wealthy students with subpar academic backgrounds. According to the new court filings, Don Bishop, who was then associate vice president for enrollment at Notre Dame, bluntly wrote about the “special interest” admits in a 2012 email, saying that year's crop had poorer academic records than the previous year's. The 2012 group included 38 applicants who were given a “very low” academic rating, Bishop wrote. He said those students represented “massive allowances to the power of the family connections and funding history,” adding that “we allowed their high gifting or potential gifting to influence our choices more this year than last year.” The final line of his email: “Sure hope the wealthy next year raise a few more smart kids!” Some of the examples pointed to in this week's court filings showed that just being able to pay full tuition would give students an advantage. During a deposition, a former Vanderbilt admissions director said that in some cases, a student would get an edge on the waitlist if they didn’t need financial aid. The 17 schools were part of a decades-old group that got permission from Congress to come up with a shared approach to awarding financial aid. Such an arrangement might otherwise violate antitrust laws, but Congress allowed it as long as the colleges all had need-blind admissions policies, meaning they wouldn't consider a student’s financial situation when deciding who gets in. The lawsuit argues that many colleges claimed to be need-blind but routinely favored the children of alumni and donors. In doing so, the suit says, the colleges violated the Congressional exemption and tainted the entire organization. The group dissolved in recent years when the provision allowing the collaboration expired. The Associated Press’ education coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP’s standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org .Jaylen Brown scored the Celtics’ first 15 points on five consecutive 3-pointers and finished with 29 points, before Boston withstood a late charge to beat the Minnesota Timberwolves 107-105 on Sunday. Jayson Tatum added 26 points and eight rebounds to help Boston post a season-high fifth straight victory. Anthony Edwards had 28 points and nine rebounds for Minnesota, which has lost five of its last seven. Julius Randle added 23 points, and Rudy Gobert finished with 10 points and 20 rebounds, his eighth double-double of the season. Minnesota got within 55-54 early in the third quarter, before a 14-0 run by Boston. The spurt featured four 3s by the Celtics, including two by Tatum. The lead grew to 79-60 with 4:26 to play in the period. But the Timberwolves chipped it all the way down in the fourth, getting within 107-105 with 34 seconds left on a driving layup by Randle. Timberwolves: Minnesota will be looking to for some wins at home, after dropping four of its last five on the road. Celtics: The Celtics have struggled at home at times this season but improved to 6-2 at the Garden. The Timberwolves had the ball with 7.1 seconds and a chance to win. Edwards got the inbounds and tried to drive on Brown. But he was cut off, and the ball swung to Naz Reid, who failed to get off a 3 as time expired. Boston assisted on 25 of its 37 made field goals. The Timberwolves host Houston in NBA Cup play on Tuesday, beginning a four-game homestand. The Celtics host the Los Angeles Clippers on Monday night.HAIFA, Israel , Dec. 2, 2024 /PRNewswire/ -- ZIM Integrated Shipping Services Ltd. ZIM ("ZIM" or the "Company"), a global container liner shipping company, hereby updates that in connection with the regular and special dividend distributions, both expected to take place on December 9, 2024 , as previously announced by the Company on November 20, 2024 (the "Dividends"), the previously obtained tax ruling from the Israeli Tax Authority ("ITA") on tax withholding procedures relating to the payment of the Dividends to the Company's shareholders (the "Ruling"), will apply. As a result of the Ruling, certain shareholders of the Company ("Shareholders") may be eligible to a reduced Israeli withholding tax rate with respect to their share of these Dividends, in comparison to the generally applicable withholding tax rate (the "Reduced Withholding Tax Rate"), under certain terms and conditions as set forth below. The description provided below is not intended to constitute a complete analysis of withholding tax rate procedures relating to the distribution of the Dividends, nor does it address the actual tax liability of any of the Shareholders, but merely relates to the Israeli withholding tax procedures relating to the distribution of the Dividends. Other than the Dividends previously declared by the Company to be paid on December 9, 2024 , there is no guarantee the Company will declare additional dividends in the future. Shareholders are advised to consult their own tax and financial advisors concerning the tax consequences of each particular situation, as well as any tax consequences that may arise under the laws of any state, local, foreign or other taxing jurisdiction. For the avoidance of doubt, the Agent IBI Trust Management (whose information is provided below) has been retained by ZIM for the purpose of coordinating certain procedures relating to the Ruling, and it is NOT intended that the Agent will provide any tax advice to any of the Shareholders, who are encouraged to consult their own tax and financial advisors. Forms required to be submitted to the Agent in connection with the Ruling as described below are available in this hyper link – here (the full link appears below, in the Agent's contact information), and can also be found on the Company's website here . Background On November 20, 2024 , ZIM announced a regular cash dividend of $2.81 per ordinary share (approximately $340 million ) and a special cash dividend of $0.84 per ordinary share (approximately $100 million ), to holders of the ordinary shares as of December 2, 2024 . Payment of the Dividends is expected to be made on December 9, 2024 (the "Payment Date"). General Withholding Tax Treatment under Israeli Law As set out in the Company's Annual Report on Form 20-F filed with the Commission on March 13, 2024 , with respect to dividends sourced from regular earnings, under the Israeli Tax Ordinance and regulations issued under the Israeli Tax Ordinance (collectively, "ITO"), the current Israeli rate of withholding tax on dividends paid by an Israeli company is 30% for distributions to a "substantial shareholder" (in general, being someone who holds, directly or indirectly, by himself or together with others, at least 10% of one or more of the means of control in the company) and 25% with respect to distributions to all other holders of Ordinary Shares ("Withholding Tax"). Notwithstanding the foregoing, as a result of the Ruling and subject to its terms and conditions, certain Shareholders, both Israeli and non-Israeli, may be eligible to a reduced Israeli withholding tax rate on their share of these dividend distributions, in comparison to the generally applicable withholding tax rate described above, (the "Reduced Withholding Tax Rate"), under certain terms and conditions as set forth below. Summary of the Main Terms of the Ruling The following is a summary of some of the key terms of the Ruling. It is emphasized that the description below does not purport to exhaust all the terms and conditions included in the Ruling and is not a complete translation of the Ruling. In order to enjoy the Reduced Withholding Tax Rate, Shareholders must comply with all the terms of the Ruling, a copy of which in the Hebrew language as well as an unofficial non-binding English translation thereof can be obtained free of charge by email by approaching the Agent (as defined below) at the contact details provided below . On the Payment Date the Company will withhold 25% of the Dividends amount and will remit the tax amount to the Agent, to be handled by the Agent in accordance with the terms and conditions of the Ruling. The remaining 75% of the Dividends amount will be remitted by the Company to its transfer agent, Equiniti Trust Company, LLC, which will transfer the said amount to the Shareholders (including through brokers who hold in brokerage accounts ZIM shares on behalf of Shareholders). A Shareholder who is a resident of a country with which Israel has a tax treaty ("Treaty State") (based on a declaration to be provided by such Shareholder) and is the beneficial owner of the Dividends, as well as a Shareholder who is a foreign ( i.e. , non-Israeli) resident of a country with which Israel does NOT have a tax treaty and is the beneficial owner of the Dividends, may apply to the Agent requesting a Reduced Tax Withholding Rate. Such application must be received by the Agent between the Payment Date and January 7, 2025 ("Change of Rate Period"). A Shareholder who declared that he or she is a resident of a Treaty State and is the beneficial owner of the Dividends may apply to the Agent during the Change of Rate Period only (subject to complying with all the documentation requirements detailed below) requesting the receipt of the monetary difference between the tax amount remitted to the Agent (at a rate of 25%) and the amount represented by the withholding tax rate set forth in the tax treaty between Israel and such Treaty State or by the limited withholding tax rate applicable to such dividend payments under the ITO, to the extent applicable. A Shareholder who did not declare that it, he or she is a resident of a Treaty State and is the beneficial owner of the Dividends, may apply to the Agent during the Change of Rate Period only (subject to complying with all the documentation requirements detailed below) requesting the receipt of the monetary difference between the tax amount remitted to the Agent (at a rate of 25%) and the amount represented by the withholding tax rate applicable to such dividend payments under the ITO or by the limited withholding tax rate applicable to such dividend payments under the ITO, to the extent applicable. Any Shareholder who claims to be entitled to a Reduced Tax Withholding Rate in accordance with the foregoing, will be required to provide the Agent with all relevant documentation as detailed in the Ruling and the forms available in the following link , on no later than January 7, 2025 (the end of the Change of Rate Period), including but not limited to, bank account details to which the dividend payments should be transferred, number of ZIM shares owned by the Shareholder in such account, identification document, and confirmation of residence for the tax year 2024 issued by the taxing authority of the state of tax residence . In addition to the foregoing, the Shareholder will provide a written declaration in the form annexed to this announcement which will include declarations as to the following: (i) the Shareholder's tax residence for the tax year 2024, (ii) the Shareholder's beneficial ownership of the dividends, (iii) the investment in ZIM shares has not been made through a permanent establishment in Israel , (iv) the holding of ZIM shares is made for the Shareholder's own account and not for the account of others, and (v) the payment will not be made to a permanent establishment of the Shareholder outside of the Shareholder's tax residence. A non-Israeli corporate Shareholder (excluding a Shareholder covered by section 9 below) that requests a Reduced Tax Withholding Rate, will also need to provide the Agent with its updated shareholders register as of December 2, 2024 , and a statement confirming that more than 75% of its shareholders, directly or indirectly, are individuals of its state of residence for the tax year 2024. A publicly traded non-Israeli corporate Shareholder whose shares are traded on a stock market outside of Israel and is a resident of a Treaty State, or a direct or indirect subsidiary of such Shareholder, will also provide the Agent with a declaration that it is a resident of such Treaty State or another non-Israeli state for the tax year 2024, as applicable. An Israeli corporate Shareholder which is entitled to a Reduced Tax Withholding Rate (including an exemption from withholding tax at source), will be able to apply to the Agent no later than January 7, 2025 (the end of the Change of Rate Period) and enclose an applicable valid ITA issued certificate setting forth a Reduced Tax Withholding Rate or an exemption from withholding tax. In addition, such Shareholder will enclose its certificate of incorporation and all other documents required as set forth above, mutatis mutandis, as requested by the Agent. The Agent is entitled to request from the Shareholders applying for a Reduced Tax Withholding Rate additional documents in its discretion insofar as they are required to establish the tax residence of the Shareholder or its entitlement to exemption and/or to a Reduced Tax Withholding Rate. Notwithstanding the foregoing, no refund of excess tax withholding shall be affected by the Agent with respect to any Shareholder holding more than 5% of the issued share capital of the Company, or whose entitlement to dividends from the Company pursuant to the Dividends exceeds $500,000 , other than in accordance with a specific approval issued by the ITA. The transfer of the amounts withheld, excluding the amounts returned to the Shareholders, as aforementioned, shall be conducted by the Agent. Subject to receipt by the Agent of your required documentation, the Agent will return the amounts withheld to the Shareholders as detailed above to the account at which the dividend payments were made within 30 days from the date the amounts withheld are paid to the ITA. The Ruling is aimed to address solely the issue of tax withholding procedures and should not be construed as setting the actual tax liability of any Shareholder with respect to the Dividends or otherwise. Appointment of Israeli Tax Withholding Agent In order to facilitate the implementation of the procedures set forth in the Ruling for the benefit of its Shareholders, the Company appointed IBI Trust Management to serve as a processing agent for the benefit of the Shareholders in connection with the distribution of the Dividends (the "Agent"). Contact information of the Agent is provided at the bottom of this announcement. We encourage you to contact the Agent if you need any clarifications in filling-in the forms required under the Ruling to obtain a Reduced Withholding Tax Rate, or if you have any questions concerning the process. Please note that the Agent will not provide any tax advice to any Shareholder, who should consult their own tax and financial advisors. In order to be eligible to benefit from a Reduced Withholding Tax Rate, Shareholders must provide the Agent with all documentation required under the Ruling not later than January 7, 2025 . The relevant forms are included in the following link . If a Shareholder fails to provide the Agent with all the documentation required by January 7, 2025 , the Agent will not be able to attend to such Shareholder's application and will not be able to return any amounts originally remitted on behalf of such Shareholder nor provide any confirmation of tax withholding to such a Shareholder, either in connection with the Ruling or in connection with any other tax filing by such Shareholder. ZIM's Agent Contact Information : IBI Trust Management Tel No: +972-3-519-3896, +972-506-209-410 Email: ZimDividend@ibi.co.il Link to forms: https://form.cellosign.co/public/djE6d2Y6MzlhOTE4M2MtYmU1My00MmNjLWFhMTktYjc5NGJmYTRjOTcxOlN0YXJ0RXZlbnRfMWl1OTBscQ About ZIM Founded in Israel in 1945, ZIM ZIM is a leading global container liner shipping company with established operations in more than 90 countries serving approximately 33,000 customers in over 300 ports worldwide. ZIM leverages digital strategies and a commitment to ESG values to provide customers innovative seaborne transportation and logistics services and exceptional customer experience. ZIM's differentiated global-niche strategy, based on agile fleet management and deployment, covers major trade routes with a focus on select markets where the company holds competitive advantages. Additional information about ZIM is available at www.ZIM.com . ZIM Contacts Media: Avner Shats ZIM Integrated Shipping Services Ltd. +972-4-865-2520 media@zim.com Investor Relations: Elana Holzman ZIM Integrated Shipping Services Ltd. +972-4-865-2300 holzman.elana@zim.com Leon Berman The IGB Group 212-477-8438 lberman@igbir.com Logo - https://mma.prnewswire.com/media/1933864/ZIM_Logo.jpg View original content: https://www.prnewswire.com/news-releases/zim-updates-on-withholding-tax-procedures-on-december-2024-regular-and-special-cash-dividends-302319988.html SOURCE ZIM Integrated Shipping Services Ltd. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Dear Eric: My brother and his wife just had their first child, and the first grandchild on both sides of the family. I am so excited to be an aunt, and love the baby. So does my mom, however she has said on multiple occasions: I love the baby more than you two (my kids). I think the first time she was trying to be funny. It still did sting, though. She keeps saying it every time there is a get together with the baby. I can’t say anything because when I’ve said anything before I’ve been told that I am: “self-centered and make everything about myself” by my dad. My mom will say, “Why is everyone on my butt tonight?” I don’t want to cause any problems, but my brother and I are tired of this backhanded compliment, and I honestly don’t know how to deal with it. — Second Place Dear Second Place: The way your father spoke to you is very harsh, particularly given the reasonable request to not be triangulated with the baby. It suggests that there’s a pattern of unkind statements being lobbed in your direction, so this “joke” strikes a deeper wound. If that’s true, you’ll want to think about the parts of your dynamic with your parents that don’t work for you and talk about them separately. You may even want to work on this with a therapist beforehand, so you’re able to communicate clearly and not get sidetracked by debate over the baby comment. It will likely be more effective for your brother to tell your mom “I don’t like when you talk about my child that way,” than it is for you to protest. But, again, this seems to be rooted in a toxic family dynamic. There’s enough love to go around. If they can’t express that without belittling you, it’s wise to set a boundary with them about the way they communicate. Dear Eric: Our son received a seven-figure insurance settlement due to our diligence in getting him the best medical care our insurance would afford and a great lawyer. He is getting married at age 41. He expected us to pay for the flights for the happy couple, rent a car for them and “give them a s-load of gas cards so they can explore the southwest and California.” We’ve raised his daughter since she was 3 months old. She’s almost 11 now and just moved in with him. He didn’t provide a penny for the time she was with us. Her mother is frequently out of the picture. We haven’t heard from our son in six months since we told him we couldn’t afford to pay for the wedding, plane tickets and gas cards. Our granddaughter texted me two weeks ago asking if I’d bring her food because her dad was out of town. We hadn’t seen her in five months. We worry about her constantly. We worry about our son with a brain injury and temper issues. Do you have any advice? — Heartbroken Grandparents Dear Grandparents: The most pressing issue here is the welfare of your granddaughter. For the last 11 years, you had physical custody of her without parental support. If that arrangement was made through the Family Court system, it may be helpful to talk to your family lawyer or social worker about ways that you can help your granddaughter. If he’ll take the call, talk to your son about your concerns. That may be a difficult conversation, but being direct could prompt him to change or to make use of resources available to him. Send questions to R. Eric Thomas at eric@askingeric.com . Get local news delivered to your inbox!
Palestinians welcome ICC arrest warrants for Israeli PM and former defense minister
Faster, Smarter, and More Affordable – The U.S.-Made GEN3 Model Delivers Endless Hot Water, Exceptional Efficiency, and Adaptable Design for Every Home SCOTTSDALE, Ariz. , Dec. 2, 2024 /PRNewswire/ -- TrutanklessTM (OTC: TKLS), the premier name in residential electric tankless water heaters, proudly announces the launch of its highly anticipated GEN3 model. Known for its innovation and engineering excellence, Trutankless is back with a cutting-edge solution that promises unmatched reliability, efficiency, and performance for every household. The Trutankless GEN3, shipping now from a U.S.-based manufacturing partner, is built to meet the needs of today's homeowners, combining professional-grade durability with advanced technology for a superior user experience. With faster time-to-temperature – reaching the set point in just 15 seconds, twice as fast as previous models – the GEN3 delivers endless hot water with exceptional energy efficiency. Its sleek, compact, wall-mounted design saves up to 9 square feet of space compared to traditional tanks, making it ideal for modern homes. "Our goal with the GEN3 is to redefine what homeowners can expect from a water heater," said Guy Newman , CEO of Trutankless. "We've taken everything our customers love about Trutankless and made it even better, more reliable, more efficient, and more adaptable to modern living, while keeping affordability in focus." The Trutankless GEN3 is packed with features that set it apart: Every Trutankless GEN3 unit is engineered, tested, and built in the U.S. to meet the highest standards of quality. Backed by an industry-leading protection plan for sellers with a 5-year parts warranty and a 2-year full system warranty, GEN3 ensures long-term peace of mind for homeowners. Trutankless has a legacy of innovation, previously recognized as the Best Home Technology Product by the National Association of Home Builders. With GEN3, the brand continues to lead the electric tankless water heater industry, setting new benchmarks in performance and sustainability. The Trutankless GEN3 is available for purchase through authorized dealers and installers. For more information or to find a local installer, visit https://www.trutankless.com/ . About TrutanklessTM TrutanklessTM is a leading innovator in electric tankless water heating technology. Dedicated to providing efficient, reliable, and eco-friendly solutions, Trutankless continues to set the standard for performance and innovation in the residential water heating industry. https://www.instagram.com/trutankless/ https://www.facebook.com/trutankless https://www.linkedin.com/company/trutankless / View original content to download multimedia: https://www.prnewswire.com/news-releases/trutankless-shipping-gen3-redefining-electric-tankless-water-heating-302320061.html SOURCE Trutankless, Inc.
Democrat Jamie Raskin is running for top Judiciary post in bid to counter Trump
What does Big Tech hope to gain from warming up to Trump?( MENAFN - Jordan Times) AMMAN - The Arab Water Council (AWC) opened a preparatory meeting at the Dead Sea ahead of the 6th Arab water conference on Wednesday under the umbrella of the Arab League. Secretary-General of the Ministry of Water Jihad Mahamid said the AWC Technical Scientific Advisory Committee discussed the executive plan of the water security strategy in the Arab region for 2030, as well as relevant strategies prepared by the Arab Center for the Studies of Arid Zones and Dry Lands, the Economic and Social Commission for Western Asia, FAO, UNESCO, and the International Water Management Institute (IWMI). He also said that the session also discussed the implementation of the 2030 Sustainable Development Plan in Arab countries, sixth goal indicators, preparations for global water forums, cooperation in exploiting shared water resources, in addition to the regional initiative on the interconnection between the water, energy and food sectors, the Jordan News Agency, Petra, reported. In its three-day meeting, the technical committee will discuss other items, including strengthening the negotiating hand of Arab countries that share water resources with non-Arab countries, expanding use of non-traditional water sources, developing the Palestinian water sector, supporting Iraq's rights regarding the preservation of water resources in the Tigris and Euphrates basin, and legislation regulating the water sector, according to Petra. MENAFN24112024000028011005ID1108920890 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
Costco Wholesale Corp. stock underperforms Monday when compared to competitors despite daily gains
INCLINE VILLAGE, Nev., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Tri Pointe Homes, Inc. (the “Company”) (NYSE:TPH) today announced that its Board of Directors has approved a new stock repurchase program authorizing the repurchase of up to $250 million of common stock through December 31, 2025 (the “Repurchase Program”), which succeeds the stock repurchase program that the Board of Directors authorized in December 2023 (the “2024 Repurchase Program”). For the fourth quarter through December 17, 2024, under the 2024 Repurchase Program, the Company repurchased 1,202,913 shares of common stock at a weighted average price per share of $41.57 for an aggregate dollar amount of $50.0 million. For the full year through December 17, 2024, under the 2024 Repurchase Program, the Company repurchased 3,964,537 shares of common stock at a weighted average price per share of $36.97 for an aggregate dollar amount of $146.6 million. Purchases of common stock pursuant to the Repurchase Program may be made in open market transactions effected through a broker-dealer at prevailing market prices, in block trades, or by other means in accordance with federal securities laws, including pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. The Company is not obligated under the Repurchase Program to repurchase any specific number or dollar amount of shares of common stock, and it may modify, suspend, or discontinue the Repurchase Program at any time. Company management will determine the timing and amount of any repurchases in its discretion based on a variety of factors, such as the market price of the Company’s common stock, corporate requirements, general market economic conditions, legal requirements, and applicable tax effects. About Tri Pointe Homes® One of the largest homebuilders in the U.S., Tri Pointe Homes, Inc. (NYSE: TPH) is a publicly traded company operating in 12 states and the District of Columbia, and is a recognized leader in customer experience, innovative design, and environmentally responsible business practices. The company builds premium homes and communities with deep ties to the communities it serves—some for as long as a century. Tri Pointe Homes combines the financial resources, technology platforms and proven leadership of a national organization with the regional insights, longstanding community connections and agility of empowered local teams. Tri Pointe has won multiple Builder of the Year awards, was named to the 2024 Fortune World’s Most Admired CompaniesTM list, is one of the 2023 Fortune 100 Best Companies to Work For® and was designated as one of the PEOPLE Companies That Care® in 2023 and 2024. The company was also named as a Great Place To Work-CertifiedTM company for four years in a row (2021 through 2024), and was named on several Great Place to Work ® Best Workplaces lists (2022 through 2024). For more information, please visit TriPointeHomes.com . Forward-Looking Statements Various statements contained in this press release, including those that express a belief, expectation or intention, as well as those that are not statements of historical fact, are forward-looking statements. These forward-looking statements may include, but are not limited to, statements regarding our strategy, projections and estimates concerning the timing and success of specific projects and our future production, land and lot sales, operational and financial results, including our estimates for growth, financial condition, sales prices, prospects, and capital spending. Forward-looking statements that are included in this press release are generally accompanied by words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “future,” “goal,” “guidance,” “intend,” “likely,” “may,” “might,” “outlook,” “plan,” “potential,” “predict,” “project,” “should,” “strategy,” “target,” “will,” “would,” or other words that convey future events or outcomes. The forward-looking statements in this press release speak only as of the date of this press release, and we disclaim any obligation to update these statements unless required by law, and we caution you not to rely on them unduly. These forward-looking statements are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control. The following factors, among others, may cause our actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements: the effects of general economic conditions, including employment rates, housing starts, interest rate levels, home affordability, inflation, consumer sentiment, availability of financing for home mortgages and strength of the U.S. dollar; market demand for our products, which is related to the strength of the various U.S. business segments and U.S. and international economic conditions; the availability of desirable and reasonably priced land and our ability to control, purchase, hold and develop such parcels; access to adequate capital on acceptable terms; geographic concentration of our operations; levels of competition; the successful execution of our internal performance plans, including restructuring and cost reduction initiatives; the prices and availability of supply chain inputs, including raw materials, labor and home components; oil and other energy prices; the effects of U.S. trade policies, including the imposition of tariffs and duties on homebuilding products and retaliatory measures taken by other countries; the effects of weather, including the occurrence of drought conditions in parts of the western United States; the risk of loss from earthquakes, volcanoes, fires, floods, droughts, windstorms, hurricanes, pest infestations and other natural disasters, and the risk of delays, reduced consumer demand, and shortages and price increases in labor or materials associated with such natural disasters; the risk of loss from acts of war, terrorism, civil unrest or public health emergencies, including outbreaks of contagious disease, such as COVID-19; transportation costs; federal and state tax policies; the effects of land use, environment and other governmental laws and regulations; legal proceedings or disputes and the adequacy of reserves; risks relating to any unforeseen changes to or effects on liabilities, future capital expenditures, revenues, expenses, earnings, synergies, indebtedness, financial condition, losses and future prospects; changes in accounting principles; risks related to unauthorized access to our computer systems, theft of our homebuyers’ confidential information or other forms of cyber-attack; and additional factors discussed under the sections captioned “Risk Factors” included in our annual and quarterly reports filed with the Securities and Exchange Commission. The foregoing list is not exhaustive. New risk factors may emerge from time to time and it is not possible for management to predict all such risk factors or to assess the impact of such risk factors on our business. Investor Relations Contact: InvestorRelations@TriPointeHomes.com , 949-478-8696 Media Contact: Carol Ruiz, cruiz@newgroundco.com , 310-437-0045
Georgetown’s then-president, for example, listed a prospective student on his “president’s list” after meeting her and her wealthy father at an Idaho conference known as “summer camp for billionaires,” according to Tuesday court filings in the price-fixing lawsuit filed in Chicago federal court in 2022. Although it’s always been assumed that such favoritism exists, the filings offer a rare peek at the often secret deliberations of university heads and admissions officials. They show how schools admit otherwise unqualified wealthy children because their parents have connections and could possibly donate large sums down the line, raising questions about fairness. Stuart Schmill, the dean of admissions at the Massachusetts Institute of Technology, wrote in a 2018 email that the university admitted four out of six applicants recommended by then-board chairman Robert Millard, including two who “we would really not have otherwise admitted.” The two others were not admitted because they were “not in the ball park, or the push from him was not as strong.” In the email, Schmill said Millard was careful to play down his influence on admissions decisions, but he said the chair also sent notes on all six students and later met with Schmill to share insight “into who he thought was more of a priority.” The filings are the latest salvo in a lawsuit that claims that 17 of the nation’s most prestigious colleges colluded to reduce the competition for prospective students and drive down the amount of financial aid they would offer, all while giving special preference to the children of wealthy donors. “That illegal collusion resulted in the defendants providing far less aid to students than would have been provided in a free market,” said Robert Gilbert, an attorney for the plaintiffs. Since the lawsuit was filed, 10 of the schools have reached settlements to pay out a total of $284 million, including payments of up to $2,000 to current or former students whose financial aid might have been shortchanged over a period of more than two decades. They are Brown, the University of Chicago, Columbia, Dartmouth, Duke, Emory, Northwestern, Rice, Vanderbilt and Yale. Johns Hopkins is working on a settlement and the six schools still fighting the lawsuit are the California Institute of Technology, Cornell, Georgetown, MIT, Notre Dame and the University of Pennsylvania. MIT called the lawsuit and the claims about admissions favoritism baseless. “MIT has no history of wealth favoritism in its admissions; quite the opposite,” university spokesperson Kimberly Allen said. “After years of discovery in which millions of documents were produced that provide an overwhelming record of independence in our admissions process, plaintiffs could cite just a single instance in which the recommendation of a board member helped sway the decisions for two undergraduate applicants." In a statement, Penn also said the case is meritless that the evidence shows that it doesn't favor students whose families have donated or pledged money to the Ivy League school. “Plaintiffs’ whole case is an attempt to embarrass the University about its purported admission practices on issues totally unrelated to this case," the school said. Notre Dame officials also called the case baseless. “We are confident that every student admitted to Notre Dame is fully qualified and ready to succeed,” a university spokesperson said in a statement. The South Bend, Indiana, school, though, did apparently admit wealthy students with subpar academic backgrounds. According to the new court filings, Don Bishop, who was then associate vice president for enrollment at Notre Dame, bluntly wrote about the “special interest” admits in a 2012 email, saying that year's crop had poorer academic records than the previous year's. The 2012 group included 38 applicants who were given a “very low” academic rating, Bishop wrote. He said those students represented “massive allowances to the power of the family connections and funding history,” adding that “we allowed their high gifting or potential gifting to influence our choices more this year than last year.” The final line of his email: “Sure hope the wealthy next year raise a few more smart kids!” Some of the examples pointed to in this week's court filings showed that just being able to pay full tuition would give students an advantage. During a deposition, a former Vanderbilt admissions director said that in some cases, a student would get an edge on the waitlist if they didn’t need financial aid. The 17 schools were part of a decades-old group that got permission from Congress to come up with a shared approach to awarding financial aid. Such an arrangement might otherwise violate antitrust laws, but Congress allowed it as long as the colleges all had need-blind admissions policies, meaning they wouldn't consider a student’s financial situation when deciding who gets in. The lawsuit argues that many colleges claimed to be need-blind but routinely favored the children of alumni and donors. In doing so, the suit says, the colleges violated the Congressional exemption and tainted the entire organization. The group dissolved in recent years when the provision allowing the collaboration expired. The Associated Press’ education coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP’s standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org .
Jason Kelce, wife Kylie and their three daughters reportedly joined brother Travis Kelce, Taylor Swift and her family for Thanksgiving in Nashville, Tennessee. The retired Philadelphia Eagle and current ESPN analyst, 37, and 32-year-old Kylie brought their three daughters — Wyatt, 5, Elliotte, 3, and 21-month-old Bennett (and a fourth girl is en route) — to celebrate the holiday with the Kansas City Chief, 35, and Swift, 34, and her family, including dad Scott and mom Andrea, People magazine says. “Taylor and Travis had a great Thanksgiving together with their families. It’s the first they’ve celebrated together,” a source told the magazine. “Jason was there with his family and kids too. It was very festive and special.” At some point Travis and Taylor left Nashville to return to Kansas City for the game the next day. Donna Kelce, the football stars’ mom, told the “Today” show last month it was unlikely that Swift would be joining her for turkey and sides. “Not that anything’s planned,” she said. “I think we’re just going to be at the football game.” The Chiefs defeated the Las Vegas Raiders, 19-17, in a Black Friday showdown in Kansas City. Swift, who has become a frequent attendee of Chiefs games since she started dating the All-Pro tight end in 2023, was spotted at the game posing for photos with two young fans. ©2024 New York Daily News. Visit at nydailynews.com . Distributed by Tribune Content Agency, LLC.
WHITE SULPHUR SPRINGS, W. Va. (AP) — Jordan Sears scored 25 points, Jalen Reed had 21 points and 13 rebounds, and LSU defeated UCF 109-102 in triple overtime on Sunday to take third place at the Greenbrier Tip-Off. LSU trailed by 18 points early in the second half, then failed to hold a lead at the end of regulation and each of the first two overtime periods. The Tigers went up by five with a minute to go in the third overtime. UCF cut it to three, then Vyctorius Miller made a driving layup, Jordan Sears followed with a dunk and the Tigers were able to hold on when leading by seven. Cam Carter scored 20 points, Miller had 16 and Dji Bailey 14 for LSU (5-1). Darius Johnson had 25 points, eight assists and six rebounds for UCF (4-2). Keyshawn Hall had 21 points and 10 rebounds, and Jordan Ivy-Curry scored 20. South Florida led by 15 points at halftime and maintained a double-digit lead for all but a few possessions in the first 11 1/2 minutes of the second half. UCF led 62-48 with 8 1/2 minutes remaining but Sears hit three 3-pointers and LSU drew to within 64-59 with 6 minutes to go. The Tigers scored the last six points of regulation to force overtime. In the first half, LSU led 15-13 about eight minutes into the game but the Tigers missed 15 of 16 shots while being outscored 25-3 over the next 10 minutes. South Florida led 40-25 at halftime after shooting 46% to 25% for LSU. ___ Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college basketball: https://apnews.com/hub/ap-top-25-college-basketball-poll and https://apnews.com/hub/college-basketballPolls close in Uruguay’s election, with ruling coalition and opposition headed for photo finish
The Coca-Cola Company Evolves Voluntary Environmental Goals
Patrick Fishburn leads at Sea Island as Joel Dahmen keeps alive hopes of keeping his jobJapanese automakers Nissan Motor Corp and Honda Motor Co confirmed Wednesday that they are discussing closer collaboration but denied reports they have decided on a merger. Nissan’s share price soared nearly 24% in Tokyo after reports citing unnamed sources said it might merge with Honda to form the world’s third-largest automaking group. Honda’s share price fell as much as 3%. Nissan alliance member Mitsubishi Motors Corp. is also part of the talks. Trading in Nissan’s shares was suspended but then resumed after the companies jointly issued a statement saying they were “considering various possibilities for future collaboration, but no decisions have been made.” The ascent of Chinese automakers is rattling the industry at a time when manufacturers are struggling to shift from fossil fuel-driven vehicles to electrics. Relatively inexpensive EVs from China's BYD, Great Wall and Nio are eating into the market shares of U.S. and Japanese car companies in China and elsewhere. Japanese automakers have lagged behind big rivals in EVs and are now trying to cut costs and make up for lost time. Nissan, Honda and Mitsubishi announced in August that they will share components for electric vehicles like batteries and jointly research software for autonomous driving to adapt better to dramatic changes in the auto industry centered around electrification. A preliminary agreement between Honda, Japan's second-largest automaker, and Nissan, third largest, was announced in March. A merger could result in a behemoth worth about $55 billion based on the market capitalization of all three automakers. Joining forces would help the smaller Japanese automakers add scale to compete with Japan's market leader Toyota Motor Corp. and with Germany’s Volkswagen AG. Toyota itself has technology partnerships with Japan's Mazda Motor Corp. and Subaru Corp. Nissan has truck-based body-on-frame large SUVs such as the Armada and Infiniti QX80 that Honda doesn't have, with large towing capacities and good off-road performance, said Sam Fiorani, vice president of AutoForecast Solutions. Nissan also has years of experience building batteries and electric vehicles, and gas-electric hybird powertrains that could help Honda in developing its own EVs and next generation of hybrids, he said. “Nissan does have some product segments where Honda doesn’t currently play,” that a merger or partnership could help, said Sam Abuelsamid, a Detroit-area automotive industry analsyt. While Nissan's electric Leaf and Ariya haven't sold well in the U.S., they're solid vehicles, Fiorani said. “They haven't been resting on their laurels, and they have been developing this technology,” he said. “They have new products coming that could provide a good platform for Honda for its next generation.” Nissan said last month that it was slashing 9,000 jobs, or about 6% of its global work force, and reducing global production capacity by 20% after reporting a quarterly loss of 9.3 billion yen ($61 million). Earlier this month it reshuffled its management and its chief executive, Makoto Uchida, took a 50% pay cut to take responsibility for the financial woes, saying Nissan needed to become more efficient and respond better to market tastes, rising costs and other global changes. Fitch Ratings recently downgraded Nissan's credit outlook to “negative,” citing worsening profitability, partly due to price cuts in the North American market. But it noted that it has a strong financial structure and solid cash reserves that amounted to 1.44 trillion yen ($9.4 billion). Nissan's share price has fallen to the point where it is considered something of a bargain. A report in the Japanese financial magazine Diamond said talks with Honda gained urgency after the Taiwan maker of iPhones Hon Hai Precision Industry Co., better known as Foxconn, began exploring a possible acquisition of Nissan as part of its push into the EV sector. The company has struggled for years following a scandal that began with the arrest of its former chairman Carlos Ghosn in late 2018 on charges of fraud and misuse of company assets, allegations that he denies. He eventually was released on bail and fled to Lebanon. Honda reported its profits slipped nearly 20% in the first half of the April-March fiscal year from a year earlier, as sales suffered in China. Toyota made 11.5 million vehicles in 2023, while Honda rolled out 4 million and Nissan produced 3.4 million. Mitsubishi Motors made just over 1 million. Even after a merger Toyota would remain the leading Japanese automaker. All the global automakers are facing potential shocks if President-elect Donald Trump follows through on threats to raise or impose tariffs on imports of foreign products, even from allies like Japan and neighboring countries like Canada and Mexico. Nissan is among the major car companies that have adjusted their supply chains to include vehicles assembled in Mexico. Meanwhile, analysts say there is an “affordability shift” taking place across the industry, led by people who feel they cannot afford to pay nearly $50,000 for a new vehicle. In American, a vital market for companies like Nissan, Honda and Toyota, that's forcing automakers to consider lower pricing, which will eat further into industry profits. AP Auto Writer Tom Krisher contributed to this report from Detroit.
Leading technology company NVIDIA Corporation NVDA is one of many companies that could be impacted by the future White House administration under President-elect Donald Trump. Here's a look back at Nvidia's performance during Trump's last term and the potential gains investors could have realized. What Happened: Nvidia was one of the best performing S&P 500 stocks in 2017, the first year Trump served as president of the United States. The stock ranked ninth for the year with a +81% return in 2017. From the date of Trump's inauguration on Jan. 20, 2017 to President Joe Biden's inauguration on Jan. 20, 2021, Nvidia shares gained more than 400%. Nvidia was also a top performing S&P 500 sock in 2021, the first year of Biden’s term in office. The stock ranked ninth once again, gaining 125.5% in 2021. The semiconductor company has been one of the top performers in recent years, joining the $1 trillion market capitalization club in May 2023 and around a year later becoming the most valuable company in the world. Nvidia passed the milestone of world's most valuable company several times in 2024 and is currently the third most valuable company in the world with a market capitalization of $3.16 trillion, trailing only Apple ($3.76 trillion) and Microsoft ($3.27 trillion). While the impact of Trump on semiconductors, Taiwan, and the broader tech sector—and by extension, Nvidia’s share price—remains uncertain, history shows Nvidia tends to outperform in the first year of a new presidential term. Are you buying when the CEOs of the Magnificent 7 are selling? Stay in the know with our Insider Trades page — see when leaders like Mark Zuckerberg, Elon Musk, and Jensen Huang are offloading their own shares. Investing $1,000 in NVDA: Investors who bought and held onto Nvidia shares when Trump was inaugurated as president of the United States would likely be happy with their return. Nvidia stock traded at a split-adjusted high of $2.67 on Jan. 20, 2017. A $1,000 investment could have purchased 374.53 NVDA shares at the time. Today, that investment would be worth $48,309.58 based on a $128.97 price for Nvidia at the time of writing. The investment would be up 4,731.0% over the last nearly eight years. For comparison, the same $1,000 invested in the SPDR S&P 500 ETF Trust SPY , which tracks the S&P 500, would have delivered significantly lower returns. The $1,000 investment could have bought 4.40 SPY shares, which would be worth $2,594.06 today based on a price of $589.56 for SPY at the time of writing. This investment would be up 159.4% over the same time period. Read Next: If You Invested $1,000 In Nvidia Stock When Jensen Huang Got Company Logo Tattoo, Here’s How Much You’d Have Today Photo: Shutterstock © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.NoneBRITS on benefits are “self-diagnosing” their mental health problems, the Work and Pensions Secretary admitted yesterday. Liz Kendall said that social media and less stigma around mental illness has contributed to a huge rise in the number of economically inactive adults. On Tuesday Ms Kendall will unveil details of major reforms to deflate Britain’s welfare Bill by £3billion over five years. The proposed changes could see 400,000 people have their benefits cut. Universal credit recipients who refuse job offers or to engage in skills training face sanctions on their handouts. There are currently 4.2 million working aged people claiming health-related benefits, with the figure set to rise by 30 per cent by the end of the decade. READ MORE ON BENEFITS Ms Kendall told the BBC: “I do think we are seeing an increase in the number of people with mental health problems, both self-diagnosed - I think it's good that stigma has been reduced - but also diagnosed by doctors.” Asked whether she believed that "normal feelings" were being "over medicalised", the Work and Pensions Secretary said: "I genuinely believe there's not one simple thing. “There is a genuine problem with mental health in this country." Yesterday the Tories accused Labour ministers of “pussyfooting” around mental health issues and the need to “reduce costs”. Most read in The Sun Shadow Housing Secretary Kevin Hollinrake said: “There are some people in desperate situations with depression . “But getting people into work is usually good for those people. So that's what we've got to do. “I think we have pussyfooted around it and yet we need to really change that approach now and really tackle this issue while we can.”Former Labour Deputy Prime Minister John Prescott passed away at the age of 86 yesterday (November 20) after a battle with Alzheimer's. In a statement, his family said: "We are deeply saddened to inform you that our beloved husband, father and grandfather, John Prescott, passed away peacefully yesterday at the age of 86. "He did so surrounded by the love of his family and the jazz music of Marian Montgomery. "John spent his life trying to improve the lives of others, fighting for social justice and protecting the environment, doing so from his time as a waiter on the cruise liners to becoming Britain’s longest serving Deputy Prime Minister." Reminded of Prescott's hilarious appearance on Top Gear. Fearlessly goes up against the live audience to bat for the M4 bus lane. pic.twitter.com/7CiCSLTcEa — max tempers (@maxtempers) November 21, 2024 An experienced politician known for his fiery temper and no-nonsense attitude, Lord Prescott frequently clashed with those on the other side of the political spectrum. After the news of his death spread, an interview with former Top Gear presenter Jeremy Clarkson resurfaced on X, formerly known as Twitter. Back in 2011, Prescott was a guest on the Star in a Reasonably Priced Car segment of the popular BBC2 show. Prescott was booed when he made his entrance and on more than one occasion got to his feet to remonstrate with the Top Gear audience following Clarkson's provocation. "Punching a protester and calling it “connecting with the electorate” is quality" Largely, the M4 lane that Prescott created in 1999. Known to some at the time as Prescott's Folly. "What in the name of all that's holy were you thinking when you said 'let's put a bus lane on the M4'," asked Clarkson. To which Prescott replied: "I'm going to introduce you to a revolutionary thought. You can go slower and you can get there quicker and that's to do with flow." Throughout the interview, Prescott and Clarkson butted heads continuously, even to the point where the former said: "Hold on, just give your b***** brain a chance," to Clarkson's annoyance. Users in the comments were impressed by the interview. Recommended reading: Tony Blair leads tributes to John Prescott after his death aged 86 Former Deputy Prime Minister John Prescott dies aged 86 Alastair Campbell issues emotional tribute to John Prescott One said: "What is interesting about this clip is even though he and @JeremyClarkson plainly disagree and the audience are largely with Clarkson there is none of the toxicity which is the legacy of Brexit, Johnson and 14 years of Tory chaos. We must re learn how to disagree without hatred". Another recalled a Prescott quote: "Punching a protester and calling it “connecting with the electorate” is quality". Whilst someone else commented: "A great video and actually just a sensible chat between the two - feisty but also fair. Current government would benefit from some of the more common sense direct communication Prescott brings to manage some of the misinformation that currently does the rounds."
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