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Is Now The Time To Put Permian Resources (NYSE:PR) On Your Watchlist?
Arnott: When it’s time to rethink your asset allocationTAMPA, Fla. (AP) — Bucky Irving isn’t choosy. The rookie running back relishes any opportunity he gets to contribute to the success of the Tampa Bay Buccaneers, who have to climb back into a tie for first place in the NFC South. Irving leads NFL rookies in rushing with 732 yards, averaging 5.5 yards per carry while sharing the workload with starter Rachaad White and third-stringer Sean Tucker, who have combined to ease some of the burden on quarterback Baker Mayfield. A fourth-round draft pick out of Oregon, Irving is coming off rushing for a season-best 152 yards and a touchdown in last week’s 26-23 overtime win over the Carolina Panthers. He had another 33 yards receiving, giving him a rookie-leading 1,017 total yards from scrimmage through 12 games. The Bucs (6-6) on Sunday host the Las Vegas Raiders (2-10), who have an outstanding newcomer of their own with Brock Bowers on the verge of breaking the league’s record for catches by a rookie tight end. Bowers leads all players, regardless of position, with 84 receptions. He’s fourth with 884 yards receiving and second behind Irving among rookies with 895 total yards from scrimmage. “I don’t really like taking all the credit. It’s those guys up front,” Irving said, deferring to Tampa Bay’s improved offensive line. “I think I have to do something special for those guys for Christmas because they’re getting the job done.” The Bucs are eighth in the NFL in rushing at 137.2 yards per game. They’ve gained 100-plus yards on the ground in nine of 12 games after only doing it nine times in 34 games over the past two seasons. Irving, whose ability to make defenders miss and accelerate in the open field, has provided a spark to an offense that sputtered without injured wide receivers Mike Evans and Chris Godwin during a four-game losing streak. It doesn’t seem to bother the rookie that he still sits behind White on the depth chart. The starter had a 38-yard run in overtime to set up the winning field goal last week. Coach Todd Bowles continues to stress that the Bucs, tied with Atlanta for the NFC South lead, need both Irving and White to be successful. “In our room, all our success is one,” said Irving, who in the past two weeks became the first rookie since Miles Sanders in 2019 to string together consecutive games with 150-plus yards from scrimmage. “If I’m having success,’’ Irving added, “everybody in the room is having success.” Bracing for a challenge Tampa Bay’s porous secondary figures to be tested by Bowers, the first tight end to lead the league in catches after Week 13 since Todd Christenson in 1986. The first-round draft pick out of Georgia needs three receptions to break Sam LaPorta’s season record (86 in 2023) for catches by a tight end. He’s 116 yards away from joining Mike Ditka (1,076 in 1961) and Kyle Pitts (1,026 in 2021) as the only rookie tight ends to finish with 1,000-plus yards receiving. “I thought he was one of the best tight ends coming out in a long time – not just this draft, but in a long time,” Bowles said. “He’s living up to expectations. He can play wideout, he can play tight end, he can do some fullback, he can run jet sweeps,” the Bucs coach added. “They do a lot of things with him and he’s a very talented guy.” Getting ready for Baker The last time the Raiders went against Mayfield was two seasons ago when he came off a plane to play for the Los Angeles Rams. Despite having minimal time with the playbook and just one brief practice, Mayfield rallied the Rams to a 17-16 victory on a 23-yard touchdown pass with 10 seconds left. Raiders coach Antonio Pierce was the team’s linebackers coach at the time. “He plays the game kind of like Brett Favre, who I played against in (the) league,” Pierce said. “He’s very fiery. He’ll do whatever it takes to make a play. The play’s never dead with him. You’ve got to keep your eyes on him and then stay in coverage, so that’ll be a challenge.” Return to action Raiders quarterback Aidan O’Connell didn’t look as though he had missed nearly six weeks because of a broken thumb when he almost led Las Vegas to a victory at Kansas City last week. He completed 23 of 35 passes for 340 yards and two touchdowns in the Raiders’ 19-17 loss to the Chiefs. But O’Connell had a hard time looking at the positives given how close the Raiders came to beating the two-time defending Super Bowl champions. “Definitely some good plays, but it just stinks more than anything,” O’Connell said. “It was just a really hard loss. Even sometimes when you have a game right after, it’s easier to move on. But we had a longer week this week and so kind of really got to sit in it and it’s no fun.” ___ AP Sports Writer Mark Anderson in Las Vegas contributed to this report. ___ NFL:Managed Security Services Market to Grow by USD 33.86 Billion (2024-2028), Cloud Adoption Drives Revenue, Report Highlights AI's Impact on Trends - Technavio
The United States introduced sanctions on Nov. 21 against nearly 100 Russian financial institutions, and 15 individuals, in hopes of further constraining Moscow’s ability to wage war in Ukraine. The sanctions also target 11 Russian officials who work for the Central Bank of the Russian Federation (CBR), three members of the Shanghai, China, branch of Russia’s VTB Bank Public Joint Stock Company, and the deputy managing director of the Russian Sberbank’s New Delhi, India, branch. The United States has previously sanctioned CBR, VTB, and Sberbank. “Today’s sanctions targeting Russia’s largest remaining non-designated bank, as well as dozens of other financial institutions and officials in Russia, will further diminish and degrade Russia’s war machine,” Treasury Secretary Janet Yellen said on Nov. 21. One of the major Russian banks targeted with this latest round of sanctions is the Gazprombank Joint Stock Company (Gazprombank), and its various foreign subsidiaries. The Treasury Department said Gazprombank serves as a key component of the Russian war effort by handling salaries and combat bonuses for Russian troops, and compensation payments for the families of Russian soldiers killed in the war. Gazprombank is Russia’s third-largest bank and has been a major channel for payments for Russian oil and gas exports. While the United States and Ukraine’s various other Western backers have levied sanctions across the Russian economy, Europe has been heavily reliant on Russian fuel exports, and institutions like Gazprombank have seen fewer financial repercussions throughout the war. With Europe weaning off Russian fossil fuel exports, the new sanctions show an increasing willingness to target Russia’s primary export. Still, they come with a temporary carve-out for Gazprombank’s transactions for the Sakhalin-2 oil and gas development on Sakhalin Island. Japan, a U.S. ally, has closely partnered with Russia in the Sakhalin-2 project. The Treasury Department said the sanctions on the other banks and securities registrars will also undermine Russia’s ability to purchase equipment and technology critical to their war effort. The sanctions come as President Joe Biden’s administration has moved to provide Ukraine with as much financial and military support as it can before Biden’s term ends in January. Other reports have emerged that the administration has permitted Ukraine to use U.S.-donated long-range weapons to strike inside Russian territory. The administration has yet to confirm these reports. The new sanctions on Russia and the new weapons transfers to Ukraine come with just weeks to go before President-elect Donald Trump takes office. Trump has signaled a preference for quickly negotiating an end to the war. It remains to be seen how these negotiations may play out and whether the incoming Trump administration will stay the course set by the Biden administration if negotiations fail to bring a quick end to the war.Here's What 'Canceled Call' Means On An iPhoneATLANTA (AP) — Jimmy Carter, the peanut farmer who tried to restore virtue to the White House after the Watergate scandal and Vietnam War, then rebounded from a landslide defeat to become a global advocate of human rights and democracy, has died. He was 100 years old . The Carter Center said the 39th president died Sunday afternoon, more than a year after entering hospice care , at his home in Plains, Georgia, where he and his wife, Rosalynn, who died in November 2023, lived most of their lives. The center said he died peacefully, surrounded by his family. As reaction poured in from around the world, President Joe Biden mourned Carter’s death, saying the world lost an “extraordinary leader, statesman and humanitarian” and he lost a dear friend. Biden cited Carter’s compassion and moral clarity, his work to eradicate disease, forge peace, advance civil and human rights, promote free and fair elections, house the homeless and advocacy for the disadvantaged as an example for others. “To all of the young people in this nation and for anyone in search of what it means to live a life of purpose and meaning – the good life – study Jimmy Carter, a man of principle, faith, and humility,” Biden said in a statement. “He showed that we are a great nation because we are a good people – decent and honorable, courageous and compassionate, humble and strong.” Biden said he is ordering a state funeral for Carter in Washington. A moderate Democrat, Carter ran for president in 1976 as a little-known Georgia governor with a broad grin, effusive Baptist faith and technocratic plans for efficient government. His promise to never deceive the American people resonated after Richard Nixon’s disgrace and U.S. defeat in southeast Asia. “If I ever lie to you, if I ever make a misleading statement, don’t vote for me. I would not deserve to be your president,” Carter said. Carter’s victory over Republican Gerald Ford, whose fortunes fell after pardoning Nixon, came amid Cold War pressures, turbulent oil markets and social upheaval over race, women’s rights and America’s role in the world. His achievements included brokering Mideast peace by keeping Egyptian President Anwar Sadat and Israeli Prime Minister Menachem Begin at Camp David for 13 days in 1978. But his coalition splintered under double-digit inflation and the 444-day hostage crisis in Iran. His negotiations ultimately brought all the hostages home alive, but in a final insult, Iran didn’t release them until the inauguration of Ronald Reagan, who had trounced him in the 1980 election. Humbled and back home in Georgia, Carter said his faith demanded that he keep doing whatever he could, for as long as he could, to try to make a difference. He and Rosalynn co-founded The Carter Center in 1982 and spent the next 40 years traveling the world as peacemakers, human rights advocates and champions of democracy and public health. Awarded the Nobel Peace Prize in 2002, Carter helped ease nuclear tensions in North and South Korea, avert a U.S. invasion of Haiti and negotiate cease-fires in Bosnia and Sudan. By 2022, the center had monitored at least 113 elections around the world. Carter was determined to eradicate guinea worm infections as one of many health initiatives. Swinging hammers into their 90s, the Carters built homes with Habitat for Humanity. The common observation that he was better as an ex-president rankled Carter. His allies were pleased that he lived long enough to see biographers and historians revisit his presidency and declare it more impactful than many understood at the time. Propelled in 1976 by voters in Iowa and then across the South, Carter ran a no-frills campaign. Americans were captivated by the earnest engineer, and while an election-year Playboy interview drew snickers when he said he “had looked on many women with lust. I’ve committed adultery in my heart many times,” voters tired of political cynicism found it endearing. The first family set an informal tone in the White House, carrying their own luggage, trying to silence the Marine Band’s traditional “Hail to the Chief" and enrolling daughter, Amy, in public schools. Carter was lampooned for wearing a cardigan and urging Americans to turn down their thermostats. But Carter set the stage for an economic revival and sharply reduced America's dependence on foreign oil by deregulating the energy industry along with airlines, trains and trucking. He established the departments of Energy and Education, appointed record numbers of women and nonwhites to federal posts, preserved millions of acres of Alaskan wilderness and pardoned most Vietnam draft evaders. Emphasizing human rights , he ended most support for military dictators and took on bribery by multinational corporations by signing the Foreign Corrupt Practices Act. He persuaded the Senate to ratify the Panama Canal treaties and normalized relations with China, an outgrowth of Nixon’s outreach to Beijing. But crippling turns in foreign affairs took their toll. When OPEC hiked crude prices, making drivers line up for gasoline as inflation spiked to 11%, Carter tried to encourage Americans to overcome “a crisis of confidence.” Many voters lost confidence in Carter instead after the infamous address that media dubbed his “malaise" speech, even though he never used that word. After Carter reluctantly agreed to admit the exiled Shah of Iran to the U.S. for medical treatment, the American Embassy in Tehran was overrun in 1979. Negotiations to quickly free the hostages broke down, and then eight Americans died when a top-secret military rescue attempt failed. Carter also had to reverse course on the SALT II nuclear arms treaty after the Soviets invaded Afghanistan in 1979. Though historians would later credit Carter's diplomatic efforts for hastening the end of the Cold war, Republicans labeled his soft power weak. Reagan’s “make America great again” appeals resonated, and he beat Carter in all but six states. Born Oct. 1, 1924, James Earl Carter Jr. married fellow Plains native Rosalynn Smith in 1946, the year he graduated from the Naval Academy. He brought his young family back to Plains after his father died, abandoning his Navy career, and they soon turned their ambitions to politics . Carter reached the state Senate in 1962. After rural white and Black voters elected him governor in 1970, he drew national attention by declaring that “the time for racial discrimination is over.” Carter published more than 30 books and remained influential as his center turned its democracy advocacy onto U.S. politics, monitoring an audit of Georgia’s 2020 presidential election results. After a 2015 cancer diagnosis, Carter said he felt “perfectly at ease with whatever comes.” “I’ve had a wonderful life,” he said. “I’ve had thousands of friends, I’ve had an exciting, adventurous and gratifying existence.” Sanz is a former Associated Press reporter.
Electoral college system is a bad way to pick a president
Lindsey Vonn competes in a pair of downhills, another step on her comeback trail at the age of 40'There has always been, and there always will be, an economic cycle," noted the British journalist and politician Nigel Lawson. He is right, and if you're a regular reader of this column, you know that arguably the most overlooked yet influential economic cycles are long. Interestingly, each new long cycle seems to not only have a new set of leading-edge technologies to drive growth, but also a secret recipe for how to make a new or established business ride the long wave successfully. Let's explore what I believe this secret success formula will be for the Sixth Wave that has just started. A brief revisit of Long Wave theory: First proposed by the Russian economist Nikolai Kondratiev, Long Wave theory suggests that economies experience long cycles of economic boom and bust sparked by a few leading-edge technologies that rise to dominance over several decades. Since the start of the Industrial Revolution in the second half of the 18th century, we have seen five long technological cycles, each of which was dominated by a few technologies that rose to prominence to drive economic growth over several decades. The last long cycle that just ended was the Fifth Wave, which saw the rise of information and communication technologies and the internet. Now we are in the early phases of the Sixth Wave of Technology Innovation (2020-45), which will be driven by three technology spaces (digital, clean, and human-centred technologies). What formulas made companies rise to prominence in earlier long waves? The early "industrial age" predominantly played out using a quantitative formula geared towards the mass production of standardised goods to achieve high economies of scale. Unfolding in the "knowledge and information age", the successful recipe of the Fifth Wave was as follows: "Find the most expensive transaction cost that you can, and apply computing technology to it. Make sure there is a networking component so that the more people who use it, the more useful it becomes." (James Moody & Bianca Nogrady, The Sixth Wave). Many internet startups turned corporations used this blueprint to scale up their business successfully during the last long cycle. The secret recipe to Sixth Wave success? Given that the market environment has evolved markedly over the past 30 years, the Sixth Wave is unlikely to continue that pattern and is likely to follow a new, radically different success formula. QUALITY OVER QUANTITY I argue the Sixth Wave will unfold against a major perspective shift from primarily quantitative to predominantly qualitative growth. For me, the secret formula to successfully riding the Sixth Wave is best captured by one of the 10 design principles of the well-known German industrial designer Dieter Rams: less but better. 1. Less but better work (higher productivity and efficiency): "Efficiency is doing better what is already being done," noted the management guru Peter Drucker. With new digital technologies such as artificial intelligence and robots in the workplace, it is highly likely work productivity and efficiency will significantly improve in the coming two decades. Productivity is defined as output over time, meaning we will produce more output in a given period or need less time to produce a given output. What does this mean for knowledge workers? We produce significantly more output (if we keep human inputs and the time constant), or need to work fewer hours for the same output (as we can produce the desired work faster), or companies use fewer knowledge workers to complete the human work input required to produce the desired outputs. 2. Less but better consumption (more mindful consumption): "Buy less, choose well," the British fashion designer Vivienne Westwood recommended. In the next 10 years, I predict we will see a major shift towards more consumers becoming more conscious of their consumption choices. In other words, we use fewer but better products. Better can mean better quality (more functional or durable), or less harmful to humans or the environment. We already see this in some areas, such as the organic food industry, the vegan food movement, and the rise of electric vehicles. Brands such as Patagonia have built a tribe of loyal fans by contrasting their high product quality and environmental responsibility with those of other fashion brands. 3. Less but better production (higher resource efficiency): In the excellent book The Sixth Wave, Moody and Nogrady highlight that greater resource efficiency is key to the Sixth Wave's sustainable, clean technology space. Coupled with the inclusion of digital technologies such as AI, robots and the Internet of Things, we can also expect significant improvement in production processes: fewer inputs in men, machines and materials; less waste; less downtime; faster lead times; and better outputs. Picture Toyota's famed lean manufacturing system amplified by the latest digital technologies, and you get an outlook on the future of production. I presume "less but better" is a fitting prognostic maxim for spotting future technological, economic and social business opportunities to ride the Sixth Waves successfully in the coming 20 years. But what prophet am I? So, forgive me if I am wrong. Dr Detlef Reis is the Founding Director and Chief Ideator of Thinkergy (www.THINKERGY.com), the creative breakthrough company in Asia. He is also an Adjunct Associate Professor at the Hong Kong Baptist University and an Innovation Advisor at the Institute for Knowledge & Innovation - Southeast Asia (IKI-SEA), Bangkok University. He can be reached at dr.d@thinkergy.com
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Australia’s sharemarket is likely to open lower after a sell-off in the world’s largest technology companies hit US stocks in the final stretch of a stellar year. Futures are pointing to a drop of 0.35 per cent, or 29 points, on Monday morning across the local bourse, to 8228, as traders take stock of a pullback in the US last week. Nasdaq, one of the “Magnificent Seven” companies, bore the brunt of last week’s selling. Credit: Bloomberg In the US, during a session of slim trading volume – which tends to amplify moves – the S&P 500 lost 1.1 per cent and the Nasdaq 100 slipped 1.4 per cent. While every major industry succumbed to Friday’s slide, tech megacaps bore the brunt of the selling. That’s after a torrid surge in which the group of companies dubbed the “Magnificent Seven” accounted for more than half of the US equity benchmark’s gains in 2024. “I think Santa has already come. Have you seen the performance this year?” said Kenny Polcari from financial advising firm SlateStone Wealth. “[This] week is another holiday-shortened week, volumes will be light, moves will be exaggerated. Don’t make any major investing decisions this week.” Steve Sosnick, from Interactive Brokers said while the market was in holiday season, he had fielded more inquiries than expected. Loading “The best I can figure out is that there are large accounts, pension funds and the like, who need to rebalance their holdings before year-end,” he said. The S&P 500 and the Nasdaq 100 trimmed last week’s gains. The Dow Jones Industrial Average slipped 0.8 per cent on Friday. A gauge of the “Magnificent Seven” sank 2 per cent, led by losses in Tesla and Nvidia. The Russell 2000 index of small caps dropped 1.6 per cent. The yield on 10-year Treasuries rose 4 basis points to 4.62 per cent. The Bloomberg Dollar Spot Index wavered.None
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