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Despite a series of government decisions impacting international student enrolment, Niagara College finds itself in a strong financial position to start the new year. The college projected a 2024-25 budget with about $368 million in total revenue, $349 million in expenditures and a $19-million contribution to its reserves. Following several federal announcements, the budget took into account a drop in international student enrolment of about 1,000 at its Niagara campuses (a tuition and fees loss of about $5 million), as well as a deficit of about $71 million due to new policy around public-private college partnerships. The federal decision around international work permits saw Niagara’s revenue from its Toronto-based campus fall to $107.8 million from $179 million. While those announcements created concern, president Sean Kennedy said Niagara College supported putting limits on international students and strengthening the integrity of Canada’s international program. But just after the school year got underway, another policy announcement shifted the institution onto a financially uncertain path. Immigration, Refugees and Citizenship Canada introduced tighter restrictions to its postgraduate work permit programs — allowing eligible applicants to temporarily stay and work in Canada — with policy limiting permit eligibility to students at colleges graduating from a field of study linked to occupations in five eligible areas of education. The decision (which does not impact international students graduating from university programs) was not only “a huge surprise and a head-scratcher,” but a “profound disappointment,” said Kennedy. Work permits will continue to be eligible at a reduced number for international students graduating from five college programs of study: agriculture and agri-food; health care; science, technology, engineering and mathematics; skilled trades; and transportation. “This has had a huge impact on us and that’s the part that now we have to factor into our budget process for next year because there are the core sectors where we have strong international student interest, where those students will no longer be eligible for postgraduate work permits,” Kennedy said in an interview. “The (program eligibility) list is so limited that it has had a hugely disproportionate impact on colleges.” The policy is expected to impact college enrolment in business, manufacturing, culinary and hospitality and tourism, and will have “a huge impact on the local economy and local employers.” If there is no option to work following graduation, foreign students are not likely to attend Niagara College. “For so many international students, one of the things that draws them to Canada compared to going to other countries is the opportunity to both receive an excellent education and then to gain Canadian workforce experience,” said Kennedy. “If it wasn’t for the postgraduate work permits eligibility restriction, (our) whole budget situation would look entirely different — both for Niagara College and for colleges across Ontario and across Canada.” For Niagara College, full-time international tuition and fees accounted for $117.5 million of the college’s proposed 2024-25 revenue, down slightly from 2023-24’s number of about $122.5 million. Domestic tuition accounted for about $30 million of the college’s proposed 2024-25 budget, with grants and reimbursements worth about $52 million. In recent months, colleges across Ontario have announced program reductions and job cuts amid the changing policies. More than a dozen programs have been suspended, and the City School is closed. Hamilton’s Mohawk College cut 20 per cent of administration jobs, with more layoffs expected in January. Peterborough’s Fleming College cut 29 programs, expecting to lose $40 million in tuition. Sault College, in Sault Ste. Marie, expects a drop of 63 per cent in foreign students, about $40 million in lost revenue. And Sheridan College in Halton and Peel is suspending 28 per cent of its programs and expects to lose $112 million in revenue in the next fiscal year while it reduces its workforce by up to 30 per cent. Kennedy said Niagara College is fortunate to have been fiscally prudent over the years, but the college is facing “stiff financial headwinds.” “Unlike many colleges and universities, we have no debt. And, of course, when budgets get tighter, it means that we’re not having to find dollars for debt servicing to pay interest and to make the debt payments,” he said. “We’re really focused on the opportunity that lies ahead for us and making sure that we’re maximizing those to help us navigate through these choppy financial waters.” The college said the restructuring is also driven by chronic provincial underfunding, That means relying on the college’s brand and reputation as the top-ranked research college in the country, as well as on its organizational culture and a trail-blazing, entrepreneurial, business mindset that “always served us well.” It’s a balance between being strategic and selective in aligning and allocating resources to areas with greatest opportunities and mitigating financial losses. Kennedy said the college will be aggressive in growing enrolment in areas where there is high-student, high-employer demand — including accelerating efforts to expand its health and community services building to expand programs such as personal support workers, practical nursing and early childhood education. It also wants to grow its trades and technology facilities and programs. The college is also looking to expedite the introduction of new programs with strong demand and align with the work permit eligibility, such as cybersecurity. At the same time, Kennedy said, the college is looking operationally to save money in ways that doesn’t hurt its “amazing momentum,” while navigating a drop in enrolments. Earlier last week, the college introduced a retirement incentive initiative which could create additional vacancies. It also is managing its hiring levels. What I find remarkable about the frenzy to deal with the apocalypse is that it was all “We continue to hire in areas where there’s strong enrolment growth or core areas of support — student success and retention — but we’re going to be very careful and selective in our hiring moving forward,” he said. Even with all the international student policy changes, the underlying factor exacerbating financial challenges facing higher education is provincial funding. As a result of Ontario’s post-secondary sector being the lowest funded in the country, as well as a domestic tuition cut and freeze (put in place in 2019), public colleges and universities have relied on international students as a revenue source. When federal decisions are added to the mix, Kennedy said, it’s a “perfect storm” of government policies that have landed us in this really challenging budget situation.” He said colleges and universities continue to advocate to the province to implement recommendations from its own blue-ribbon panel, created to examine the post-secondary sector. In November 2023, the panel came back with recommendations that included addressing full-time student grant funding levels and removing the tuition freeze, putting in a framework to allow for reasonable, predictable increases. Kennedy said if the province could implement those suggestions, “it would go a long way to providing a much more solid financial footing.” “It really would reset the course for colleges and universities in Ontario and (an) investment in Ontario’s higher education system will start to move us back to the national average,” he said. “One of the best investments any government can make is in strong education system — both K-to-12 and higher education — because that’s an investment in human capital. And for any country and any province and any economy to succeed and to grow, it’s absolutely essential that employers have access to a highly skilled, well-trained workforce. Colleges and universities are key to accomplishing that goal.”Arsenal: Mikel Arteta explains reasons behind Raheem Sterling's lack of minutes so far

Leslie's swings to quarterly loss as higher costs drag profits; shares drop 20%DENTON, Texas (AP) — Johnathan Massie led North Texas over Houston Christian on Sunday with 14 points off of the bench in a 62-46 victory. Massie finished 5 of 8 from the field for the Mean Green (9-3). Moulaye Sissoko scored 10 points while finishing 4 of 6 from the floor and added 10 rebounds. Atin Wright went 3 of 9 from the field (2 for 6 from 3-point range) to finish with nine points. The Huskies (4-9, 1-1 Southland Conference) were led in scoring by Julian Mackey, who finished with 14 points. Elijah Brooks added seven points and two steals. North Texas took the lead with 18:03 remaining in the first half and never looked back. The score was 30-23 at halftime, with Massie racking up eight points. North Texas pulled away with a 7-0 run in the second half to extend a seven-point lead to 14 points. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .

Dec. 17, 2004 A cause of death had been determined for snowboarder Michael Combs, who was found dead on Vail Mountain earlier in the week. Combs, 42, was the boyfriend of Clint Eastwood’s daughter was found in the trees along Riva Ridge in a gully that was hidden from view. Combs had been reported missing a day earlier after he did not meet Alison Eastwood at a Vail restaurant. Coroner Kara Bettis said Combs died of a seizure disorder, the Vail Daily reported. Dec. 23, 1994 Locals were leaving Vail, the Vail Trail reported. “According to 1990 Eagle County census figures the number of second-home or visitor-oriented housing units has increased by 1,600 since 1980 to 5,138 units,” the Trail reported. “Eighty percent of that housing stock is located in Vail.” The Trail, quoting locals said the balance between the number of permanent and visitor housing units is “out of whack with what long-time locals remember it to be or believe is desirable.” The Trail quoted Orv Petersen, a database developer who has lived at Vail International since 1974, as saying when he moved in, the 54 condos in the development were divided between one-third locals, one-third Denventes, and one-third from beyond. “I am the last remaining local living there,” Petersen said. Census data showed that 75 percent of Vail’s 5,168 dwellings currently are seasonal or part-time residences. Dec. 21, 1984 A committee that was formed to study affordable housing in Eagle County met with officials to discuss affordable housing alternatives, the Vail Trail reported. “There was a consensus of committee members that the nature of the affordable housing problem has changed drastically in recent years,” the Trail reported. “The transient workers who needed a place to stay so badly that they were willing to pay whatever they had is now a thing of past, according to many committee members.” However, another affordable housing problem was afoot for “middle management level persons, or those striving to stay here and looking for better jobs,” the Trail reported. “Those are the people, the committee found, that affordable housing solutions need to address.” Dec. 27, 1974 From Vail, President Gerald R. Ford declared a state of emergency for New Jersey, accepted the resignation of the executive director of the Council on International Economic Policy, prepared his State of the Union speech, and told Americans he might consider making public a report on allegations of domestic spying by the CIA. New Jersey was experiencing severe storms, high winds, and abnormally high tides, and Ford’s action permitted the use of federal funds in relief efforts in designated areas of the state. William Eberle, executive director of the Council on International Economic Policy and special representative tor trade negotiations, resigned amid reports that he was dissatisfied with the new staff setup at the White House. Before arriving in Vail, Ford had asked CIA Director William Colby to write a report on domestic spying by the CIA after published reports during the Nixon administration said the CIA maintained files on 10,000 American citizens. While in Vail, Ford received a call from Secretary of State Henry Kissinger, who said he had received the report. When asked if he would disclose its contents, Ford said he would not rule it out. Ford also asked his top economic advisors to come to Vail for a meeting to review the current economic situation as part of his preparation for his upcoming State of the Union address. Amid all that, however, “he has made time to ski nearly every day,” the Vail Trail reported. The press was invited to take photographs of him skiing down the Simba run with his daughter, Susan. Dec. 24, 1964 Several big-name skies were in Vail training for the American International race, the Eagle Valley Enterprise reported. The Alpine Training Camp included 104 racing trainees and eleven coaches and was set to last through Jan. 1. “Trainees are working toward the biggest race of the year — The American International to be held at Vail in March,” the Enterprise reported. Big-name ski racers in Vail included Jean Saubert, Tammy Dix, Jimmie Heuga, Billy Kidd and coaches Bob Beattie of CU, Willy Schaeffler of DU, and womens’ coach Chuck Ferries.

Kyren Wilson overcomes headache to thrash Stephen Maguire at UK ChampionshipNEW YORK (AP) — Technology stocks pulled Wall Street to another record amid a mixed Monday of trading. The S&P 500 rose 0.2% from its all-time high set on Friday to post a record for the 54th time this year. The Dow Jones Industrial Average fell 128 points, or 0.3%, while the Nasdaq composite gained 1%. Super Micro Computer, a stock that’s been on an AI-driven roller coaster, soared 28.7% to lead the market. Following allegations of misconduct and the resignation of its public auditor , the maker of servers used in artificial-intelligence technology said an investigation found no evidence of misconduct by its management or by the company’s board. It also said that it doesn’t expect to restate its past financials and that it will find a new chief financial officer, appoint a general counsel and make other moves to strengthen its governance. Big Tech stocks also helped prop up the market. Gains of 1.8% for Microsoft and 3.2% for Meta Platforms were the two strongest forces pushing upward on the S&P 500. Intel was another propellant during the morning, but it lost an early gain to fall 0.5% after the chip company said CEO Pat Gelsinger has retired and stepped down from the board. Intel is looking for Gelsinger’s replacement, and its chair said it’s “committed to restoring investor confidence.” Intel recently lost its spot in the Dow Jones Industrial Average to Nvidia, which has skyrocketed in Wall Street’s frenzy around AI. Stellantis, meanwhile, skidded following the announcement of its CEO’s departure . Carlos Tavares steps down after nearly four years in the top spot of the automaker, which owns car brands like Jeep, Citroën and Ram, amid an ongoing struggle with slumping sales and an inventory backlog at dealerships. The world’s fourth-largest automaker’s stock fell 6.3% in Milan. The majority of stocks in the S&P 500 likewise fell, including California utility PG&E. It dropped 5% after saying it would sell $2.4 billion of stock and preferred shares to raise cash. Retailers were mixed amid what’s expected to be the best Cyber Monday on record and coming off Black Friday . Target, which recently gave a forecast for the holiday season that left investors discouraged , fell 1.2%. Walmart , which gave a more optimistic forecast, rose 0.2%. Amazon, which looks to benefit from online sales from Cyber Monday, climbed 1.4%. All told, the S&P 500 added 14.77 points to 6,047.15. The Dow fell 128.65 to 44,782.00, and the Nasdaq composite climbed 185.78 to 19,403.95. The stock market largely took Donald Trump’s latest threat on tariffs in stride. The president-elect on Saturday threatened 100% tariffs against a group of developing economies if they act to undermine the U.S. dollar. Trump said he wants the group, headlined by Brazil, Russia, India and China, to promise it won’t create a new currency or otherwise try to undercut the U.S. dollar. The dollar has long been the currency of choice for global trade. Speculation has also been around a long time that other currencies could knock it off its mantle, but no contender has come close. The U.S. dollar’s value rose Monday against several other currencies, but one of its strongest moves likely had less to do with the tariff threats. The euro fell amid a political battle in Paris over the French government’s budget . The euro sank 0.7% against the U.S. dollar and broke below $1.05. In the bond market, Treasury yields gave up early gains to hold relatively steady. The yield on the 10-year Treasury climbed above 4.23% during the morning before falling back to 4.19%. That was just above its level of 4.18% late Friday. A report in the morning showed the U.S. manufacturing sector contracted again last month, but not by as much as economists expected. This upcoming week will bring several big updates on the job market, including the October job openings report, weekly unemployment benefits data and the all-important November jobs report. They could steer the next moves for Federal Reserve, which recently began pulling interest rates lower to give support to the economy. Economists expect Friday’s headliner report to show U.S. employers accelerated their hiring in November, coming off October’s lackluster growth that was hampered by damaging hurricanes and strikes. “We now find ourselves in the middle of this Goldilocks zone, where economic health supports earnings growth while remaining weak enough to justify potential Fed rate cuts,” according to Mark Hackett, chief of investment research at Nationwide. In financial markets abroad, Chinese stocks led gains worldwide as monthly surveys showed improving conditions for manufacturing, partly driven by a surge in orders ahead of Trump’s inauguration next month. Both official and private sector surveys of factory managers showed strong new orders and export orders, possibly partly linked to efforts by importers in the U.S. to beat potential tariff hikes by Trump once he takes office. Indexes rose 0.7% in Hong Kong and 1.1% in Shanghai. AP Business Writers Matt Ott and Elaine Kurtenbach contributed.

NoneRemains found in 1973 identified as Pennsylvania teen girl who left for school and never returnedStructural Composites Market To Surpass USD 83.86 Billion By 2031 | Skyquest TechnologyBen Sheizaf Appointed as Board Member and Chairman of the Board Tel-Aviv, Israel, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Ellomay Capital Ltd. (NYSE American; TASE: ELLO) (“Ellomay” or the “Company”), a renewable energy and power generator and developer of renewable energy and power projects in Europe, Israel and the USA, announced today that Shlomo Nehama, after serving as chairman of the board for 16 years, has decided to resign from the Company’s Board of Directors. Mr. Nehama served on the Board of Directors and as the Company’s Chairman of the Board since March 2008 and is a controlling shareholder of the Company. In connection with Mr. Nehama’s resignation, the Company’s Board of Directors unanimously appointed Mr. Ben Sheizaf as a member of the Board of Directors and as Chairman of the Board. Mr. Sheizaf will serve as a director until the Company’s 2025 annual general meeting, at which he can be nominated for reappointment to the Company’s Board of Directors. Mr. Sheizaf, 67, is the founder and CEO of B.P.O. Ltd., a consulting firm since 2019, and has held many senior positions in the Israeli finance and insurance sectors. Mr. Sheizaf currently serves as a member of the board and chairman of the risk management committee of Isracard Ltd. (TASE: ISCD) and as chairman of the board of Detelix Software Technologies Ltd. Between 2008-2019 he held several positions in Phoenix Financial Ltd. (TASE: PHOE), including Deputy CEO and Head of the Long-Term Savings Division, CEO of The Phoenix Pension and Provident Fund Ltd. and a board member of other companies in the group, chairman of Excellence Provident Fund Ltd. and a member of the board of Excellence Investments Ltd. (between 2018-2019), and chairman of Shekel Insurance Agency (2008) Ltd. (between 2012-2015). Mr. Sheizaf holds a B.A. in Accounting and Economics from Tel Aviv University and completed a supplemental year of accounting studies. “Having served as chairman of the board for 16 years, it is time for me to step down. We have achieved extraordinary growth and expansion with an impressive geographical spread as well. I am proud of what we have accomplished. It is with great pleasure that I thank the shareholders for their trust in us, the board members, and management for their responsible and accurate implementation of our strategic plans. The future holds many opportunities for us. I am pleased to announce Benny Sheizaf’s appointment. I am confident that he will bring impressive knowledge and experience. This will help move the company forward to new heights. Needless to mention that if so requested or required I shall personally assist the board and the chairman in all aspects,” said Mr. Nehama. “It is my pleasure to thank Shlomo and the members of the board for their confidence in me. Together with Ellomay’s excellent team, I am confident that we will lead the company to significant and sustainable growth,” said Mr. Sheizaf, the incoming Chairman of the Board. About Ellomay Capital Ltd. Ellomay is an Israeli based company whose shares are listed on the NYSE American and the Tel Aviv Stock Exchange under the trading symbol “ELLO”. Since 2009, Ellomay Capital focuses its business in the renewable energy and power sectors in Europe, USA and Israel. To date, Ellomay has evaluated numerous opportunities and invested significant funds in the renewable, clean energy and natural resources industries in Israel, Italy, Spain, the Netherlands and Texas, USA, including: For more information about Ellomay, visit http://www.ellomay.com . Information Relating to Forward-Looking Statements This press release contains forward-looking statements that involve substantial risks and uncertainties, including statements that are based on the current expectations and assumptions of the Company’s management. All statements, other than statements of historical facts, included in this press release regarding the Company’s plans and objectives, expectations and assumptions of management are forward-looking statements. The use of certain words, including the words “estimate,” “project,” “intend,” “expect,” “believe” and similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company may not actually achieve the plans, intentions or expectations disclosed in the forward-looking statements and you should not place undue reliance on the Company’s forward-looking statements. Various important factors could cause actual results or events to differ materially from those that may be expressed or implied by the Company’s forward-looking statements, including changes in electricity prices and demand, continued war and hostilities in Israel, Gaza and Lebanon, regulatory changes, including extension of current or approval of new rules and regulations increasing the operating expenses of manufacturers of renewable energy in Spain, increases in interest rates and inflation, changes in the supply and prices of resources required for the operation of the Company’s facilities (such as waste and natural gas) and in the price of oil, the impact of continued military conflict between Russia and Ukraine, technical and other disruptions in the operations or construction of the power plants owned by the Company and general market, political and economic conditions in the countries in which the Company operates, including Israel, Spain, Italy and the United States. These and other risks and uncertainties associated with the Company’s business are described in greater detail in the filings the Company makes from time to time with Securities and Exchange Commission, including its Annual Report on Form 20-F. The forward-looking statements are made as of this date and the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Contact: Kalia Rubenbach (Weintraub) CFO Tel: +972 (3) 797-1111 Email: hilai@ellomay.com