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The Alex Fraser Research Forest (AFRF) and partners are stirring things up for Cariboo woodworkers who on Dec. 12 were invited to visit the research forest’s main office in Williams Lake. It’s all part of a new initiative known as the Cariboo Wood Innovation Training Hub (CWITH), an opportunity for the Cariboo to strengthen its wood industry by coming together and sharing ideas. “We’re hoping to start offering courses in January, but I think that will just be the first step,” said Stephanie Ewen, manager of the AFRF, the University of British Columbia’s research forest. What the innovation hub will come to be is not entirely clear, but there are ideas, and the team of bright minds supporting the project, which includes the Cariboo Regional District, are encouraging others to contribute their own ideas. Hence the Dec. 12 event, an open house where folks learned about the project, asked questions and added their own thoughts and knowledge to a brainstorm for the initiative. “We know that there’s opportunity, but it needs traction,” said Brock Smith, owner of Smith Timber Works which specializes in the design and fabrication of architectural timber. Smith and co-worker Martin Doerig were just some of the industry folks who stopped in at the event, where idea boards were set up for visitors to share their thoughts on what CWITH could be. One read: “dream board for courses,” another asked how people would define “value-added,” and yet another asked: “what is the most significant opportunity for value-added wood product development or innovation in the Cariboo?” A map was also set up on the wall and visitors were encouraged to identify their own value-added activities, creating a trail of innovative wood projects across the Cariboo. Getting creative with value-added wood products With its abundant access to trees, the wood industry plays an essential role in the Cariboo economy. There’s a whole realm of possibility when it comes to adding value to wood, with a more typical example being to create furniture. Every step along the way from tree to plank to chair, for instance, adds value to the wood, and with that comes opportunity for economic development. “As the city person, I’m always looking to diversify the economy,” Beth Veenkamp, manager of economic development with the city of Williams Lake, told the Tribune. Veenkamp has been involved in the project since its beginnings in 2018, when the idea to create a centre for the Cariboo wood industry first began to brew. Veenkamp ran a survey on economic development in the Cariboo from which the idea around a training hub for value-added manufacturing emerged. Examples of value-added products provided at the open house got creative, with Ewen explaining to the Tribune wood chips can be pressed or individual wood planks combined to create a beam. A simple idea, but an effective alternative as massive trees typically used for beams are becoming few and far between. Ewen also explained how unused portions of trees, such as their narrow tops, can be used to generate power. This is especially relevant to remote forestry communities where shipping in diesel can be a huge expense, making the available wood a viable alternative to producing power. “That’s to me one of the low hanging fruit for adopting this technology,” Ewen said while giving a tour of the AFRF’s very own 40-kilowatt power plant which relies on gas made from wood chips. The power plant takes about four-and-a-half cubic metres to run at full capacity, or two-and-a-half cubic metres to run at 30 per cent capacity. While the technicalities of using this sort of power plant are not fully ironed out, the hope is that by operating this power plant the AFRF can learn how it really works and help others adopt the technology. The road to a thriving Cariboo wood industry In today’s climate, value-added wood is an even greater attraction as sustainable practices become ever more pertinent, and finding ways to reduce waste and maximize profits is essential. So too is the need to support and uplift those working with wood or looking to enter the industry. But brilliant ideas can’t all come from one person, and it’s all the more difficult when the nature of the industry means those involved are scattered far and wide. CWITH will be a way to connect the industry, thereby enabling the exchange of ideas while also creating a hub where folks can go to learn and develop their skills. When the AFRF purchased its Williams Lake property in 2020, the team working to build CWITH thought it would be an ideal location where the project could operate. The city of Williams Lake ended up including the initiative in its economic development strategy, but its 2022 application to the Northern Development Initiative Trust for funding was denied. However, the project continued to develop, and in 2023 the Fraser Basin Council (FBC) came on to support the initiative and, as a nonprofit, was able to secure $500,000 in funding through the province’s Rural Economic Diversification and Infrastructure Program. Stephanie Huska was then hired in August as an independent contractor to help identify industry needs and design the hub along those lines. Since she was hired, Huska has gone around to speak with different manufacturers across the Cariboo to see what people are up to and to find out how CWITH could best serve them. “It’s incredible the stuff that’s happening right now,” she said. However, Huska said manufacturers aren’t engaging with each other, despite often relying on one another. She also said there’s little public awareness around what is really happening in the Cariboo when it comes to value-added wood projects. In fact, she said she can already identify more value-added projects taking place in the Cariboo than what she could find in provincial directories. “There’s a great opportunity there to share what people are doing” Huska said, hoping that CWITH can help build systems through which industry partners can work together and build a thriving industry. She envisions running talks and tours and enabling wood workers to collaborate, rather than focus completely on competition. The main goal, Huska said, is to provide education for those who want to upgrade their skills, change their focus or looking to enter the industry. CWITH will offer courses by pulling from different resources which already exist, whether it’s setting something up with local innovators, or bringing in courses from Thompson Rivers Univeristy (TRU) and from the Centre for Advanced Wood Processing. “The thing that is a little bit tricky is finding people that want to teach,” Huska said, adding teaching locations may also be a challenge as not all courses would necessarily take place at the AFRF. But it’s all part of the process, and the CWITH team is hopeful that by holding open houses, connecting industry partners and starting to offer courses in the new year, things will really start to kick off. The CWITH team is preparing to distribute a survey in the new year, informed by what they’ve learned during the open house, to gather more feedback from the community. Courses will also be starting up in the new year.After announcing he would not return to Congress, Matt Gaetz appears to be trying out a new career option: creating personalized videos for his fans on Cameo. Gaetz, a former Florida representative, joined the platform Friday, a day after he withdrew his name from consideration to serve as President-elect Donald Trump’s attorney general amid sexual misconduct allegations. Watch NBC Bay Area News 📺 Streaming free 24/7 There, he’s been doling out paid holiday wishes, marriage congratulations and career pep talks. As of Sunday night, Gaetz is charging a minimum of $550 per video, which so far have averaged about a minute and a half in length. “I served in Congress,” his Cameo page reads, alluding to his recent resignation and subsequent announcement that he does not plan to retake his House seat. “Trump nominated me to be US Attorney General (that didn’t work out). Once I fired the House Speaker.” The speaker he "fired" hints at his feud with Kevin McCarthy, whom he played a pivotal role in ousting last year when Gaetz forced a House vote that led to McCarthy's removal from office. A representative for Gaetz did not immediately respond to a request for comment. Gaetz announced Thursday his decision to take himself out of the running for attorney general, writing on X , “While the momentum was strong, it is clear that my confirmation was unfairly becoming a distraction to the critical work of the Trump/Vance Transition.” His potential appointment was overshadowed by several allegations of sexual misconduct, including allegations that he had sex with a 17-year-old at a party in 2017 . He was also investigated by the Justice Department — which he would have led had he been confirmed — related to allegations of sex trafficking and sex with a minor. Gaetz has vehemently denied allegations of sexual misconduct, and the investigation ended with no charges against him. Gaetz’s resignation last week also effectively ended a House Ethics Committee investigation into the allegations against him, which had been ongoing intermittently since 2021. From Capitol Hill to Cameo Cameo, the celebrity video message app, which launched in 2017, allows users to purchase custom shoutouts from famous figures who join the app. Fans on Cameo commonly request these videos, priced by the celebrities themselves, for special occasions such as birthdays, anniversaries and graduations. Despite facing some financial trouble in recent years, Cameo has remained a fixture for some public figures seeking an extra source of income. It’s become a notorious marketplace for fan-requested videos from pop culture’s most dramatic and villainized personalities, which often go viral when posted to social media platforms like TikTok and X. In one video, Gaetz, a Republican, filmed himself congratulating a recipient for making partner at their law firm while acknowledging their political differences. “Look, I know your politics and mine may not align specifically, but you know, our career trajectories might not be either. I mean, here you are making partner, and my legal career took a little bit of a different turn this last week,” Gaetz said. “But you know what? Work hard, get paid a lot of money, do a lot of great things as a practitioner and counselor at law, and you know, you never know. You could be an attorney general nominee, too.” Other videos feature Gaetz thanking his recipients for “backing President Trump and all of our efforts to save the country” and being “there for MAGA.” He also roasted one recipient for “betting on things like... Kamala Harris to be the President of the United States. You got to get better habits for that — bet on Trump.” Gaetz is following in the footsteps of other embattled politicians such as former Rep. George Santos , who turned to the platform after he was ousted from the House late last year amid allegations of wire fraud and identity theft. Earlier this year, Santos made his drag queen persona available on the app as well. He has since pleaded guilty to a pair of felony fraud charges. Also on Cameo are Rod Blagojevich, the former Illinois governor who was removed from office and incarcerated on charges of public corruption, and Rudy Giuliani, the former New York City mayor who was indicted on charges related to alleged efforts to overturn the 2020 presidential election results in Georgia. Giuliani has pleaded not guilty to the charges in the Georgia election interference case. He was also found liable for defaming two Georgia election workers . Michael Cohen, Trump’s former attorney who pleaded guilty to and served time in prison for federal crimes, is also active on the app. Other political figures on Cameo include former Alaska governor Sarah Palin, former Trump campaign manager Corey Lewandowski and Fox News commentator Tomi Lahren. This article first appeared on NBCNews.com . Read more from NBC News here:
Trump gave Interior nominee one directive for a half-billion acres of U.S. land: ‘Drill baby drill’DETROIT (AP) — In the waning days of President Joe Biden's administration, the government's highway safety agency is proposing voluntary safety guidelines for self-driving vehicles. But a rule from the National Highway Traffic Safety Administration putting the plan in place won't be approved before the end of Biden's term in January and likely will be left to whoever runs the agency under Republican Donald Trump. Tesla CEO Elon Musk, whom Trump has named to co-lead a “Department of Government Efficiency” to cut costs and regulations, has floated the idea of him helping to develop safety standards for self-driving vehicles — even though the standards would affect Tesla's automated driving systems. At present there are no federal regulations that specifically govern autonomous vehicles, and any regulation is left to states. However, self-driving vehicles must meet broad federal safety standards that cover all passenger vehicles. Under the agency's proposal, released on Friday, automakers and autonomous vehicle companies could enroll in a program that would require safety plans and some data reporting for autonomous vehicles operating on public roads. To apply companies would have to have independent assessments of their automated vehicle safety processes, and there would be requirements to report crashes and other problems with the vehicles. Companies would have to give NHTSA information and data on the safety of the design, development and operations of the vehicles. The agency would decide whether to accept companies into the program. But auto safety advocates say the plan falls short of needed regulation for self-driving vehicles. For instance, it doesn't set specific performance standards set for the vehicles such as numbers and types of of sensors or whether the vehicles can see objects in low-visibility conditions, they said. “This is a big bunch of nothing,” said Missy Cummings, director of the autonomy and robotics center at George Mason University and a former safety adviser to NHTSA. “It’ll be more of a completely useless paperwork drill where the companies swear they’re doing the right thing.” Michael Brooks, executive director of the nonprofit Center for Auto Safety, said one of the few good things about the plan is that companies will have to report data on crashes and other problems. There have been reports that the Trump administration may want to scrap a NHTSA order that now requires autonomous vehicle companies to report crashes to the agency so it can collect data. A message was left Friday seeking comment from the Trump transition team on crash reporting requirements. Brooks said the incoming administration probably will want to put out its own version of the guidelines. NHTSA will seek public comment on the plan for about 60 days, then the plan would have to wind its way through the federal regulatory process, which can take months or even years. “It is important that ADS (Automated Driving System) technology be deployed in a manner that protects the public from unreasonable safety risk while at the same time allowing for responsible development of this technology, which has the potential to advance safety,” the proposed rule says. The agency concedes that in the future, there may be a need for NHTSA to set minimum standards for self driving vehicle performance that are similar to mandatory safety standards that govern human-driven cars. But the agency says it now doesn't have data and metrics to support those standards. The voluntary plan would help gather those, the proposal said.No. 9 Kentucky, focused on getting better, welcomes Jackson St.
Victors Home Solutions has been recognized as 2024 Residential Roofing Contractor of the Year DETROIT , Dec. 20, 2024 /PRNewswire/ -- On December 5th, 2024 , Victors Home Solutions was awarded the title of Residential Roofing Contractor of the Year at the Best of Success conference in Bonita Springs, FL. At this conference, Victors Home Solutions, which has been in business since 2008, received the award for Residential Roofing Contractor of the Year. Victor Smolyanov , Founder and CEO, attributes much of his success to the opportunity to give back to the communities in which he operates: "Last year we were blessed to give away 23 roofs, and this year it's going to be 40, and that has a huge impact," he said. "For us, it's one out of 4,000 roofs, but for them, it's potentially a life-changing event, allowing them to live more comfortably without having to worry about moving their bed when it rains or having a tarp on." This marks the 20th year of the conference, and it is said to be a must-attend event for roofing professionals. In addition to the amenities available on-site, there are many opportunities for education, exploration of new roofing technologies, and networking with top organizations in the roofing industry, such as Victors Home Solutions. Victors Home Solutions is recognized for their impact on local communities through their Give Back program. A program that has provided many with a roof over their heads. For every 100 roof replacements installed, Victors will provide one local family in need with a roof replacement at no cost. To nominate someone you know, click here . About Victors Home Solutions Victors Home Solutions has provided premier residential roofing and home improvement services to Michigan , Ohio , Kentucky , New Jersey , Illinois , and Pennsylvania communities for over 15 years. Victors' commitment to quality workmanship and integrity, along with his passion for roofing, has made Victors Home Solutions the highest ranked roofing company in Michigan . With over 200 employees and eight locations, Victors is at the forefront and stands poised to revolutionize the roofing and home improvement industries. For more information, visit Victors.com . Media Contact: Jake Tilk j.tilk@victors.com View original content to download multimedia: https://www.prnewswire.com/news-releases/victors-home-solutions-recognized-as-2024-roofing-contractor-of-the-year-302337604.html SOURCE Victors Home SolutionsClosing marks second significant acquisition from RA Capital's Raven incubator in 2024, and first acquisition of a company built by Raven from a technology platform in-licensed from a large pharmaceutical company BOSTON , Dec. 11, 2024 /PRNewswire/ -- RA Capital Management, LP (RA Capital), a multi-stage investment manager dedicated to evidence-based investing in public and private healthcare, life sciences, and planetary health companies, today announced that AbbVie has closed its $1.4 billion acquisition of RA Capital's portfolio company Aliada Therapeutics. Aliada's lead investigational asset is ALIA-1758, an anti-pyroglutamate amyloid beta (3pE-Aβ) antibody, which is in development for the treatment of Alzheimer's disease and is currently in a Phase 1 clinical trial. ALIA-1758 utilizes a novel blood-brain barrier-crossing technology that enhances delivery of targeted drugs into the central nervous system. Johnson & Johnson (through its venture capital arm, Johnson & Johnson Innovation – JJDC, Inc.), RA Capital, and Raven (RA Capital's healthcare incubator) co-founded Aliada and co-led the series seed financing in 2021 to advance the MODELTM platform created by Johnson & Johnson scientists that was licensed to Aliada at its inception. "Congratulations to the Aliada and AbbVie teams and our fellow investors on the close of this transaction," said Joshua Resnick , MD, Senior Managing Director at RA Capital Management and former board director at Aliada. "The acquisition of Aliada is the second significant acquisition of a Raven-grown company this year, joining Novartis' $1 billion upfront acquisition of radiopharmaceutical developer Mariana Oncology in May." "Delivering therapeutics across the blood-brain barrier with a low-volume, subcutaneous injection would be revolutionary for treating Alzheimer's disease and other neurological disorders, and has long been a dream in the field," said Laura Tadvalkar , PhD, Managing Director at RA Capital Management and former board chair at Aliada. "We look forward to following ALIA-1758's progress through the clinic, as AbbVie advances this important medicine for Alzheimer's disease patients." About Raven Raven is RA Capital Management's healthcare incubator. Raven's experienced team of scientists, operators, and innovators bring deep sector expertise, insight and executional capabilities across therapeutics, diagnostics, devices, and services. Raven builds companies: from originating and incubating new ideas to accelerating compelling innovations and rejuvenating promising assets. About RA Capital Founded in 2004, RA Capital Management is a multi-stage investment manager dedicated to evidence-based investing in public and private healthcare, life sciences, and planetary health companies. RA Capital creates and funds innovative companies, from private seed rounds to public follow-on financings, allowing management teams to drive value creation from inception through commercialization and beyond. RA Capital's knowledge engine is guided by our TechAtlas internal research division, and Raven, RA Capital's company creation team, offers entrepreneurs and innovators a collaborative and comprehensive platform to explore the novel and the re-imagined. RA Capital has more than 175 employees and over $10 billion in assets under management. The companies presented herein were selected to demonstrate a potential successful outcome of a company being incubated within our Raven incubator. They are not intended to represent a complete picture of RA Capital's portfolio, its exposures, risks or potential for positive or negative returns. Past performance is not indicative of future results. View original content to download multimedia: https://www.prnewswire.com/news-releases/ra-capital-management-announces-close-of-1-4-billion-acquisition-of-aliada-therapeutics-by-abbvie-302329567.html SOURCE RA Capital Management, LP
Eyewitnesses who watched the interaction between Representative Nancy Mace and James McIntyre are questioning the congresswoman's claims about being assaulted, describing instead a scene where McIntyre was just shaking her hand. McIntyre, a 33-year-old from Chicago, was arrested by U.S. Capitol Police on Tuesday evening at an event for foster children and charged with assaulting a government official. Authorities said that the suspect was tracked down after Mace's office reported an incident in the Rayburn House Office Building. "I was physically accosted at the Capitol tonight by a pro-tr*ns man. One new brace for my wrist and some ice for my arm and it'll heal just fine," Mace wrote on X, formerly Twitter , on Tuesday. "The Capitol police arrested the guy. Your tr*ns violence and threats on my life will only make me double down." But two eyewitness describe a different scene. Lisa Dickson, a veteran advocate for foster youth from Ohio, wrote in a Facebook post, "I want to express deep disappointment in the fact that Congresswoman Nancy Mace came to a national foster youth event, told participating youth that it was a safe space — and literally had one of them arrested by Capital police for simply shaking her hand and asking about trans rights." Newsweek reached out to Mace via email for comment. McIntyre, a former foster youth and advocate, was at the House of Representatives Tuesday alongside Dickson and Mace for an event honoring the anniversary of a landmark child welfare law. McIntyre is a leading voice in policymaking surrounding foster care in his home state of Illinois. He was named the "Public Citizen of the Year" by the National Association of Social Workers' Illinois chapter in 2019. Another foster care advocate who was present at the event recalled that after Mace finished delivering remarks, she moved to leave a room through an exit where McIntyre approached her to shake her hand and comment about the transgender youth in foster care who "need [her] support." "From what I saw, it was a normal handshake and interaction that I would expect any legislator to expect from anyone as a constituent," Elliott Hinkle, a former foster youth and advocate for LGBTQ rights, told The Imprint. A police report of the incident obtained by Newsweek said that officers were dispatched after an individual allegedly "violently shook" Mace's hand and "made threats." It said that the suspect was contacted to return to the scene and meet with the responding officer and offer a statement of the incident. The suspect was then arrested. I was physically accosted at the Capitol tonight by a pro-tr*ns man. One new brace for my wrist and some ice for my arm and it’ll heal just fine. The Capitol police arrested the guy. Your tr*ns violence and threats on my life will only make me double down. FAFO. #HoldTheLine The Imprint, a nonprofit outlet devoted to covering child welfare, reported that when McIntyre was being arrested at the scene, his colleagues "stood by tearfully," asked where he was being taken to and called "frantically for an attorney who could represent him." Hinkle said that the arrest "sends a chilling effect of, you're not actually safe to go to the Capitol Hill and share an opinion that is true for you, that isn't violent — because right now if you do, a congressperson might say that they were physically assaulted and call the police on you." "How would a young person in care feel safe?" Hinkle asked. Newsweek reached out to Dickson and Hinkle via email for further comment. Mace is a vocal, and relatively new opponent of transgender rights, having spent the last few weeks trying to ban House members and staffers from "using single-sex facilities other than those corresponding to their biological sex." The South Carolina Republican proposed a bill that would do so after the United States elected its first ever transgender member of Congress in November's election. Sarah McBride, who will represent Delaware's at-large congressional district, will be sworn-in next month. I n a statement shared with Newsweek last month, McBride called Mace's bill a "blatant attempt from far right-wing extremists to distract from the fact that they have no real solutions to what Americans are facing." "We should be focused on bringing down the cost of housing, health care, and child care, not manufacturing culture wars," the incoming congresswoman said. "Delawareans sent me here to make the American dream more affordable and accessible and that's what I'm focused on."Net sales increased 2% versus last year with comparable sales up 1% Operating margin of 9.3% improved 270 basis points versus last year Market share gains across all brands in the quarter Raises outlook for fiscal 2024 net sales, gross margin and operating income growth SAN FRANCISCO , Nov. 21, 2024 /PRNewswire/ -- Gap Inc. (NYSE: GAP), the largest specialty apparel company in the U.S. and a house of iconic brands including Old Navy, Gap, Banana Republic, and Athleta, today reported financial results for its third quarter ended November 2, 2024. "I'm proud that Gap Inc. delivered another successful quarter, growing net sales for the 4 th consecutive quarter and gaining market share across all brands while meaningfully expanding operating margin," said President and Chief Executive Officer, Richard Dickson . "Consistent execution of our strategic priorities, including the rigor and repetition we're applying to our brand reinvigoration playbook, is making us a stronger company and demonstrates our continued progress in unlocking Gap Inc.'s full potential." Dickson continued: "Holiday is off to a strong start and we remain focused on executing with excellence in the fourth quarter. Our performance year-to-date gives us the confidence to raise our full year outlook for sales, gross margin and operating income growth." Third Quarter Fiscal 2024 – Financial Results Balance Sheet and Cash Flow Highlights Additional information regarding free cash flow, which is a non-GAAP financial measure, is provided at the end of this press release along with a reconciliation of this measure from the most directly comparable GAAP financial measure for the applicable period. Third Quarter Fiscal 2024 – Global Brand Results Comparable Sales Third Quarter 2024 2023 Old Navy — % 1 % Gap 3 % (1) % Banana Republic (1) % (8) % Athleta 5 % (19) % Gap Inc. 1 % (2) % Old Navy: Gap: Banana Republic: Athleta: Fiscal 2024 Outlook As a result of its strong third quarter results, the company is raising its full year outlook for net sales, gross margin and operating income growth compared to prior expectations. Please note that the company's projected full year fiscal 2024 operating income growth below is provided in comparison to its full year fiscal 2023 adjusted operating income, which excludes $93 million in restructuring costs and a $47 million gain on sale of a building. Full Year Fiscal 2024 Current FY24 Outlook Prior FY24 Outlook FY23 Results Net sales Up 1.5% to 2.0% on a 52-week basis Up slightly on a 52-week basis $14.9 billion 1 Gross margin Approximately 220 bps expansion Approximately 200 bps expansion 38.8 % Operating expense Approximately $5.1 billion Approximately $5.1 billion $5.17 billion (adjusted) 2 Operating income Mid to High 60% growth range Mid to High 50% growth range $606 million (adjusted) 3 Effective tax rate Approximately 26.5% Approximately 28% 9.7 % Capital expenditures Approximately $500 million Approximately $500 million $420 million 1 Fiscal year 2023 consisted of 53 weeks and the extra week drove approximately $160 million of incremental sales. 2 Fiscal year 2023 adjusted operating expense of $5.17 billion excludes $89 million in restructuring costs and a $47 million gain on sale. 3 Fiscal year 2023 adjusted operating income of $606 million excludes $93 million in restructuring costs and a $47 million gain on sale. Webcast and Conference Call Information Whitney Notaro , Head of Investor Relations at Gap Inc., will host a conference call to review the company's third quarter fiscal 2024 results beginning at approximately 2:00 p.m. Pacific Time today. Ms. Notaro will be joined by President and Chief Executive Officer, Richard Dickson and Chief Financial Officer, Katrina O'Connell . A live webcast of the conference call and accompanying materials will be available online at investors.gapinc.com . A replay of the webcast will be available at the same location. Non-GAAP Disclosure This press release and related conference call include financial measures that have not been calculated in accordance with U.S. generally accepted accounting principles (GAAP) and are therefore referred to as non-GAAP financial measures. The non-GAAP measures described below are intended to provide investors with additional useful information about the company's financial performance, to enhance the overall understanding of its past performance and future prospects, and to allow for greater transparency with respect to important metrics used by management for financial and operating decision-making. The company presents these non-GAAP financial measures to assist investors in seeing its financial performance from management's view and because it believes they provide an additional tool for investors to use in computing the company's core financial performance over multiple periods with other companies in its industry. Additional information regarding the intended use of non-GAAP measures included in this press release and related conference call is provided in the tables to this press release. The non-GAAP measures included in this press release and related conference call are adjusted operating expense/adjusted SG&A, adjusted operating income, adjusted operating margin, adjusted diluted earnings per share, and free cash flow. These non-GAAP measures exclude the impact of certain items that are set forth in the tables to this press release. In addition, the company's outlook includes projected full year fiscal 2024 operating income growth compared to its full year fiscal 2023 adjusted operating income. The non-GAAP measures used by the company should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP and may not be the same as similarly titled measures used by other companies due to possible differences in method and in items or events being adjusted. The company urges investors to review the reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measures included in the tables to this press release below, and not to rely on any single financial measure to evaluate its business. The non-GAAP financial measures used by the company have limitations in their usefulness to investors because they have no standardized meaning prescribed by GAAP and are not prepared under any comprehensive set of accounting rules or principles. Forward-Looking Statements This press release and related conference call and accompanying materials contain forward-looking statements within the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. All statements other than those that are purely historical are forward-looking statements. Words such as "expect," "anticipate," "believe," "estimate," "intend," "plan," "project," and similar expressions also identify forward-looking statements. Forward-looking statements include statements regarding the following: becoming a high performing company; unlocking Gap Inc.'s potential; our four strategic priorities, including maintaining and delivering financial and operational rigor, the reinvigoration of our brands, strengthening our operating platform, and energizing our culture; driving relevance and revenue by executing on our brand reinvigoration playbook; expectations for Old Navy for the holiday season; accelerating Old Navy's presence in the Active category; Old Navy's holiday activations and product; reigniting Gap brand's leadership in trend-right products and creative expression through big ideas and culturally relevant messaging; reestablishing Banana Republic to thrive in the premium lifestyle space; evolving Banana Republic's assortment and fit; continuing to fix the fundamentals at Banana Republic; Banana Republic's holiday product; Athleta's trajectory; Athleta's holiday product; enhancing Athleta's in-store and online experiences; driving high-performance across our teams; executing with excellence; Gap Inc.'s positioning going into the holiday season; expectations for our full year performance; expected year-end inventory levels; expected full year fiscal 2024 net sales; the expected impact of the loss of the 53rd week on full year fiscal 2024 net sales; expected fourth quarter fiscal 2024 net sales; the expected impacts of the loss of the 53rd week and the weekly calendar shift on fourth quarter fiscal 2024 net sales; expected full year fiscal 2024 gross margin; the expected impacts of commodity costs and better inventory management on full year fiscal 2024 gross margin; expected full year fiscal 2024 ROD; expected fourth quarter fiscal 2024 gross margin; the expected impact of the loss of the 53rd week on fourth quarter fiscal 2024 gross margin; expected full year fiscal 2024 SG&A/operating expense; continuing cost discipline and unlocking more efficiencies in the business; expected full year fiscal 2024 operating income; expected full year fiscal 2024 effective tax rate; expected full year fiscal 2024 capital expenditures; generating sustainable, profitable growth and delivering long-term shareholder value; and our dividend policy. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause our actual results to differ materially from those in the forward-looking statements. These factors include, without limitation, the following risks, any of which could have an adverse effect on our business, financial condition, results of operations, or reputation: the overall global economic and geopolitical environment, including the ongoing Russia - Ukraine and Israel-Hamas conflicts and recent elections in the United States , and impacts on consumer spending patterns; social and political unrest in our sourcing countries, including Bangladesh , and disruptions to global trade and shipping capacity, including in the Red Sea; the risk that we or our franchisees may be unsuccessful in gauging apparel trends and changing consumer preferences or responding with sufficient lead time; the highly competitive nature of our business in the United States and internationally; the risk that we may be unable to manage our inventory effectively and the resulting impact on our gross margins and sales; the risk that our investments in customer, digital, and omni-channel shopping initiatives may not deliver the results we anticipate; the risk that we fail to maintain, enhance, and protect our brand image and reputation; the risk of loss or theft of assets, including inventory shortage; the risk that we fail to manage key executive succession and retention or continue to attract qualified personnel; reductions in income and cash flow from our credit card arrangement related to our private label and co-branded credit cards; the risk that changes in our business strategy or restructuring our operations may not generate the intended benefits or projected cost savings; the risk that trade matters could increase the cost or reduce the supply of apparel available to us; the risks to our business, including our costs and global supply chain, associated with global sourcing and manufacturing; the risks to our reputation or operations associated with importing merchandise from foreign countries, including failure of our vendors to adhere to our Code of Vendor Conduct; the risk that we or our franchisees may be unsuccessful in identifying, negotiating, and securing new store locations and renewing, modifying, or terminating leases for existing store locations effectively; engaging in or seeking to engage in strategic transactions that are subject to various risks and uncertainties; the risk that our efforts to expand internationally may not be successful; the risk that our franchisees and licensees could impair the value of our brands; the risk of data or other security breaches or vulnerabilities that may result in increased costs, violations of law, significant legal and financial exposure, and a loss of confidence in our security measures; the risk that failures of, or updates or changes to, our IT systems may disrupt our operations; the risk that our comparable sales and margins may experience fluctuations, that we may fail to meet financial market expectations, or that the seasonality of our business may experience fluctuations; the risk of foreign currency exchange rate fluctuations; the risk that our level of indebtedness may impact our ability to operate and expand our business; the risk that we and our subsidiaries may be unable to meet our obligations under our indebtedness agreements; the risk that changes in our credit profile or deterioration in market conditions may limit our access to the capital markets; natural disasters, public health crises (such as pandemics and epidemics), political crises (such as the ongoing Russia - Ukraine and Israel-Hamas conflicts), negative global climate patterns, or other catastrophic events; evolving regulations and expectations with respect to ESG matters, including climate reporting; the adverse effects of climate change on our operations and those of our franchisees, vendors, and other business partners; our failure to comply with applicable laws and regulations and changes in the regulatory or administrative landscape; the risk that we will not be successful in defending various proceedings, lawsuits, disputes, and claims; the risk that our estimates and assumptions used when preparing our financial information are inaccurate or may change; the risk that changes in the geographic mix and level of income or losses, the expected or actual outcome of audits, changes in deferred tax valuation allowances, and new legislation could impact our effective tax rate, or that we may be required to pay amounts in excess of established tax liabilities; the risk that changes in our business structure, our performance or our industry could result in reductions in our pre-tax income or utilization of existing tax carryforwards in future periods, and require additional deferred tax valuation allowances; the risk that the adoption of new accounting pronouncements will impact future results; and the risk that additional information may arise during our close process or as a result of subsequent events that would require us to make adjustments to our financial information. Additional information regarding factors that could cause results to differ can be found in our Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 19, 2024 , as well as our subsequent filings with the Securities and Exchange Commission. These forward-looking statements are based on information as of November 21, 2024 . We assume no obligation to publicly update or revise our forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized. About Gap Inc. Gap Inc., a house of iconic brands, is the largest specialty apparel company in America. Its Old Navy , Gap , Banana Republic , and Athleta brands offer clothing, accessories, and lifestyle products for men, women and children. Since 1969, Gap Inc. has created products and experiences that shape culture, while doing right by employees, communities and the planet. Gap Inc. products are available worldwide through company-operated stores, franchise stores, and e-commerce sites. Fiscal year 2023 net sales were $14.9 billion . For more information, please visit www.gapinc.com . Investor Relations Contact: Nina Bari Investor_relations@gap.com Media Relations Contact: Megan Foote Press@gap.com The Gap, Inc. CONDENSED CONSOLIDATED BALANCE SHEETS UNAUDITED ($ in millions) November 2, 2024 October 28, 2023 ASSETS Current assets: Cash and cash equivalents $ 1,969 $ 1,351 Short-term investments 250 — Merchandise inventory 2,331 2,377 Other current assets 580 646 Total current assets 5,130 4,374 Property and equipment, net of accumulated depreciation 2,546 2,552 Operating lease assets 3,217 3,200 Other long-term assets 960 926 Total assets $ 11,853 $ 11,052 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 1,523 $ 1,433 Accrued expenses and other current liabilities 1,135 1,078 Current portion of operating lease liabilities 617 604 Income taxes payable 50 24 Total current liabilities 3,325 3,139 Long-term liabilities: Long-term debt 1,489 1,488 Long-term operating lease liabilities 3,360 3,456 Other long-term liabilities 544 509 Total long-term liabilities 5,393 5,453 Total stockholders' equity 3,135 2,460 Total liabilities and stockholders' equity $ 11,853 $ 11,052 The Gap, Inc. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS UNAUDITED 13 Weeks Ended 39 Weeks Ended ($ and shares in millions except per share amounts) November 2, 2024 October 28, 2023 November 2, 2024 October 28, 2023 Net sales $ 3,829 $ 3,767 $ 10,937 $ 10,591 Cost of goods sold and occupancy expenses 2,194 2,211 6,322 6,488 Gross profit 1,635 1,556 4,615 4,103 Operating expenses 1,280 1,306 3,762 3,757 Operating income 355 250 853 346 Interest, net (6) — (12) 8 Income before income taxes 361 250 865 338 Income tax expense 87 32 227 21 Net income $ 274 $ 218 $ 638 $ 317 Weighted-average number of shares - basic 377 371 376 369 Weighted-average number of shares - diluted 383 375 383 373 Earnings per share - basic $ 0.73 $ 0.59 $ 1.70 $ 0.86 Earnings per share - diluted $ 0.72 $ 0.58 $ 1.67 $ 0.85 The Gap, Inc. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS UNAUDITED 39 Weeks Ended ($ in millions) November 2, 2024 (a) October 28, 2023 (a) Cash flows from operating activities: Net income $ 638 $ 317 Depreciation and amortization 371 394 Gain on sale of building — (47) Change in merchandise inventory (344) (5) Change in accounts payable 156 133 Other, netNone
‘Antiquated’ base load power more relevant than Steggall would have us believe
Tesla’s 15th recall of 2014 hits 700,000 Cybertruck, Model 3, and Model Y OwnersPossibly not since Johnny Watkins in 1975 has an Australian Test cricketer had as embarrassing a day as Marnus Labuschagne’s in Perth on Sunday. A poor man’s bumper barrage, a couple of overs of leg-spin more negative than an opposition leader – at least cricketers get penalised for it – a five-ball innings for three runs to follow a 52-ball innings for two the first time around, and a fatuous review; these were all unworthy of a man who has been a good servant of his team and his country. Marnus Labuschagne departs Perth Stadium on Sunday, taking a review with him after being dismissed lbw. Credit: Getty Images Labuschagne’s ignominy was Australia humiliation writ small. Midway through day three, Australia had let slip a Test match they had all but won half-way through day one by so far that they resorted to the tactics of a harlequin, hoping to achieve by distraction what they could not by application. Only Labuschagne’s desperate review was in character. Australia will lose this match by hundreds of runs, and with it all their emperor’s clothes. The rest of the series will be a dogfight at best. At least it is a series this time, not a cameo. Australia drew criticism from old lags in the commentary box for not being nasty enough in its tactics and disposition. Remembering where such an attitude eventually led in a previous dispensation, that can be safely ignored. That time is past. But undoubtedly, the Australians’ body language was limp. Little things were telling. With run-outs on, the Australians did not hit the stumps. They used to. The much-decorated attack was at least persevering, but lacked a second wind. The Test match was taken away from them by a 22-year-old, who admittedly will be a superstar, and a makeshift in the opening role. We’d better get our heads around the idea of Yashasvi Jaiswal; he’s going to be inside them for a while. One consequence of the openers’ heroics was to gift the struggling Virat Kohli, arriving at 2-275, the most comfortable century of the seven he has now scored against Australia. Whether that emboldens him or deludes him henceforth we will soon see. The Australian team is ageing before our eyes. Yes, it still wins at a good rate, but it also loses carelessly. It was only this year that it lost to the West Indies at the Gabba, that erstwhile fortress. Now it’s going down the gurgler to India in Perth. It’s not the WACA Ground, which once was another of Australia’s locks, but it behaves much like the WACA. And it’s where, because of commercial imperatives, Australia has committed to kicking off home series for the next three years. And if anyone tries to blame the pitch here, see Indian openers, above. Doubtlessly, there will be inquiries, plural; sports administrators never settle for one. They will be pointless if they do not concede that the system has let the team down, at least in part. It’s a system that says one thing and does another. It spruiks the paramountcy of Test cricket, but constructs a program that marginalises it. By and large, the Australians played either no cricket, little cricket or other forms in the lead-up to this series. It’s too hard a game to be taken so lightly. Australian skipper Pat Cummins searches for answers on Sunday as India storms to a total of 6-487 declared.. Credit: AP Captain Pat Cummins said that if anything, he preferred to come into a new series underdone. As an alibi, that sounds all too convenient. India played three Tests. Yes, they lost them all, to New Zealand, but at least it was the right format. Perhaps the way the game has evolved, the Australian summer with the Big Bash League at its heart cannot have any other shape. If so, say so. Don’t patronise us. In a five-Test series, much can change. As veterans Rohit Sharma and perhaps Mohammed Shami return, and noting the bold performances of India’s newcomers, it has its own tricky territory to negotiate, but from a lovely position. Meantime, if you think Jasprit Bumrah has been a frightening proposition in Perth, imagine him with a pink ball under the Adelaide Oval lights. Australia must change, its outlook and perhaps its personnel. Nathan McSweeney has looked all at sea, but it would be grossly unfair to give him only one chance. Nonetheless, Australia must be thinking about how to hit refresh on the Test XI or find itself staring at the spinning wheel of death. Presently, it looks like a certain football team we know that won a premiership recently and is still trying to win the same premiership again. Watkins, by the way, though all at sea with the ball in his one and only Test, made difficult runs and contributed to Australia’s eventual win. News, results and expert analysis from the weekend of sport sent every Monday. Sign up for our Sport newsletter .Bill Clinton says he’s open to talking to Biden about preemptive pardon for Hillary Clinton
By KEVIN FREKING WASHINGTON (AP) — National defense would see a 1% increase in spending this fiscal year under a Pentagon policy bill that also gives a double-digit pay raise to about half of the enlisted service members in the military. The measure is traditionally strongly bipartisan, but not this year as some Democratic lawmakers protest the inclusion of a ban on transgender medical treatments for children of military members if such treatment could result in sterilization. The bill is expected to pass the House Wednesday and then move to the Senate, where lawmakers had sought a bigger boost in defense spending than the $895.2 billion authorized in the compromise measure before them. Lawmakers are touting the bill’s 14.5% pay raise for junior enlisted service members and a 4.5% increase for others as key to improving the quality of life for those serving in the U.S. military. Those serving as junior enlisted personnel are in pay grades that generally track with their first enlistment term. Lawmakers said their pay has failed to remain competitive with the private sector, forcing many military families to rely on food banks and government assistance programs to put food on the table. The bill also provides significant new resources for child care and housing. “No service member should have to live in squalid conditions and no military family should have to rely on food stamps to feed their children, but that’s exactly what many of our service members are experiencing, especially the junior enlisted,” said Rep. Mike Rogers, R-Ala., chairman of the House Armed Services Committee. “This bill goes a long way to fixing that.” The bill sets key Pentagon policy that lawmakers will attempt to fund through a follow-up appropriations bill. The overall spending tracks the numbers established in a 2023 agreement that then-Speaker Kevin McCarthy reached with President Joe Biden to increase the nation’s borrowing authority and avoid a federal default in exchange for spending restraints. Many senators had wanted to increase defense spending some $25 billion above what was called for in that agreement, but those efforts failed. Sen. Roger Wicker, R-Miss., who is expected to serve as the next chairman of the Senate Armed Services Committee, said the overall spending level was a “tremendous loss for our national defense,” though he agreed with many provisions within the bill. “We need to make a generational investment to deter the Axis of Aggressors. I will not cease work with my congressional colleagues, the Trump administration, and others until we achieve it,” Wicker said. House Republicans don’t want to go above the McCarthy-Biden agreement for defense spending and are looking to go way below it for many non-defense programs. They are also focused on cultural issues. The bill prohibits funding for teaching critical race theory in the military and prohibits TRICARE health plans from covering gender dysphoria treatment for children under 18 that could result in sterilization. Rep. Adam Smith of Washington state, the ranking Democratic member of the House Armed Services Committee, said minors dealing with gender dysphoria is a “very real problem.” He said the treatments available, including puberty blockers and hormone therapy, have proven effective at helping young people dealing with suicidal thoughts, anxiety and depression. “These treatments changed their lives and in many cases saved their lives,” Smith said. “And in this bill, we decided we’re going to bar servicemembers’ children from having access to that.” Smith said the number of minors in service member families receiving transgender medical care is in the thousands. He said he could have supported a study asking medical experts to determine whether such treatments are too often used, but a ban on health insurance coverage went too far. He said Speaker Mike Johnson’s office insisted upon the ban. Rep. Chip Roy, R-Texas, called the ban a step in the right direction, saying “I think these questions need to be pulled out of the debate of defense, so we can get back to the business of defending the United States of America without having to deal with social engineering debates.” Smith said he agrees with Roy that lawmakers should be focused on the military and not on cultural conflicts, “and yet, here it is in this bill.” Rep. Hakeem Jeffries, the House Democratic leader, said his team was not telling Democrat how to vote on the bill. He said he was still evaluating the legislation as of Wednesday morning. “There’s a lot of positive things in the National Defense Authorization Act that were negotiated in a bipartisan way, and there are some troubling provisions in a few areas as well,” Jeffries said. The defense policy bill also looks to strengthen deterrence against China. It calls for investing $15.6 billion to build military capabilities in the Indo-Pacific region. The Biden administration had requested about $10 billion. On Israel, the bill, among other things, includes an expansion of U.S. joint military exercises with Israel and a prohibition on the Pentagon citing casualty data from Hamas. The defense policy bill is one of the final measures that lawmakers view as a must-pass before making way for a new Congress in January. The Senate is expected to take up the legislation next week. It then would move to President Joe Biden’s desk to be signed into law.In our series “ My American Dream is in Mexico ”, we delve into the rising trend of individuals born to Mexican parents but raised abroad who are now choosing to build their lives and pursue their dreams in Mexico. Each story explores their motivations, the challenges of navigating dual identities, and the connections they’re rediscovering in the country their parents left in search of new opportunities. Today, we spotlight Agustín Barrios Gómez , a businessman, analyst, and speaker with a global upbringing. The son of a diplomat, he spent his formative years in Canada, the U.S., and Switzerland before a prolific career in both the private and public sectors. He shares insights into his privileged, international background, the milestones of his impressive career, and why he ultimately chose to establish his roots in Mexico despite abundant opportunities elsewhere. Age: 53 Location: Mexico City Occupation: CEO of International Capital Partners “My father was a prominent figure in television and later transitioned into diplomacy. When I was six, he was appointed as Mexico’s Ambassador to Canada, so our family moved there. We spent six years in Canada before President de la Madrid named him Ambassador to Switzerland, where we lived for another four years. Later, my father became Consul General to New York City, which brought me to the United States for six more years.” “Growing up in Canada, the U.S., and Switzerland gave me a global perspective. I speak four languages, have lived in five countries, and can adapt to life almost anywhere. These experiences shaped me into a global citizen with friends across the world and the ability to move between different cultures. Many people who’ve had similar upbringings often embrace a global identity, living in cities like London, New York, or Rome, or working for organizations like the World Bank or transnational corporations. But I made a conscious and specific decision to define myself as Mexican. Unlike immigrants, who often leave their home country out of necessity, I’ve always had choices. As someone with options, I could decide how I wanted to live and who I wanted to be. I chose Mexico because it’s a nation with so much to offer, and I’ve always felt deeply connected to it. Mexico City, in particular, is my favorite city in the world, and deciding to plant roots here was a deliberate choice to affirm my identity as Mexican. That said, my experience of Mexico is very different from what many people imagine. My Mexico is a country of hardworking, talented, and creative people. I don’t see myself in the narratives of violence or victimhood that often come up when talking about Mexico. While I understand those aspects exist, they are not part of the Mexico I know or live in. Instead, my Mexico is about its incredible potential and strength, and I feel fortunate to have chosen to be part of it.” “Mexico was the place where I felt I could make the biggest difference. The first question I asked myself was, “ Where can I have the greatest impact ?” And the answer was Mexico. Then came the next question: “ Is Mexico a country worthwhile to dedicate your life to?” For me, the answer was yes. Mexico is a unique country with a confluence of factors that give it a significant role on the world stage. With 120 million people and a strategic position globally, it’s a middle-income power with real potential for influence — whether through soft power or other means. Mexico matters. However, when I returned, I realized I needed to create a Mexican persona because, despite my roots, I’d never truly lived here. I spoke Spanish with an accent, and there was a process of truly becoming part of the culture. I gave myself time in those early years to refine my Spanish, immerse myself in the culture, and develop into someone who could genuinely contribute to Mexico as a public figure. By the time I felt comfortable and fully integrated, I was ready to step into the opportunities that came my way.” “After 16 years abroad, I returned to Mexico City as a 22-year-old to join Procter & Gamble. Shortly after, my father had a stroke so I took over the family finances since I’m an only child. This led to entrepreneurial ventures like launching a tequila brand and running a nightclub and restaurant. In my early 30s, I transitioned into public life, hosting a radio talk show and later running for Mayor of Miguel Hidalgo [a district of Mexico City]. Although I narrowly lost, the campaign propelled me into public policy. Eventually, I shifted to private equity, founding a real estate investment fund in the U.S., where I’ve been navigating opportunities between Mexico City and Houston ever since. I’ve been doing this for the past eight years.” “I’ve always believed that American prosperity and national security are closely tied to a stable and cooperative Mexico. What’s good for Mexico is inherently good for the U.S., especially when it comes to stability and cooperation. For example, if Mexico were to turn away from the U.S. or align with adversaries, it could create a significant crisis, especially given the size and strategic position of Mexico’s economy. Mexico’s economy is four times the size of Iran’s — imagine the potential chaos if it were to go rogue. In this context, I see supporting Mexico’s interests as directly supporting U.S. interests. And conversely, what benefits the U.S. also benefits Mexico. These two countries are inseparable — there’s no daylight between their interests. You can’t truly understand U.S. history without considering Mexico, and you can’t understand Mexico’s history without the United States. The cultural, political, and economic ties are so deeply intertwined that they form a unique partnership, one that’s essential to the success of both nations. Also, 10% of the U.S. population is Mexican-American, and this isn’t just about immigration — it’s a historic reality. Out of the 37 million Mexicans and Mexican-Americans in the U.S., only 6 million are undocumented, and the vast majority are legal citizens. It benefits the U.S. to understand its relationship with this large, integral community. Vilifying 10% of your population doesn’t make sense, especially when that community contributes so much. The U.S. and Mexico share deep, historic ties, and recognizing these connections is crucial for both nations’ futures.” “Gentrification in Roma and Condesa began long before Americans arrived. Mexicans have always had the ability to gentrify their own neighborhoods. While the influx of newcomers, including Americans, may drive up prices in specific areas, it’s also contributing to the city’s growing diversity, which I believe is positive. Mexico City is home to over 22 million people and has many neighborhoods that could benefit from revitalization. Areas like Santa María la Ribera or Doctores are ripe for development. The idea of xenophobia surrounding this issue is, in my view, un-Mexican — Mexico has always been a welcoming country. There are plenty of other areas in the city that can accommodate new residents and offer affordable housing. The focus should be on the city’s overall growth, not on blaming foreigners for rising rents.” “The Mexican Dream is rooted in diversity, personal freedom, and strong family and friendship bonds. Unlike in the U.S., where families often live separately, here in Mexico, extended families live close together, supporting each other. Hospitality is key to the Mexican Dream, with the idea that if more people arrive at your home than expected, you simply add more water to the soup to accommodate everyone. It’s about generosity, respect for different cultures, and maintaining close-knit relationships.” “Mexico offers many opportunities, and if you’re not finding what you’re looking for in one city, consider exploring other regions like Monterrey, Oaxaca, or Mazatlan, which are experiencing significant growth. Tijuana, once considered a rough place, is now a booming foodie destination. If you still feel the need to succeed abroad, remember that personal freedom is key. Mexicans make excellent immigrants — hardworking and law-abiding — but often don’t believe in themselves enough. It’s important to take control of your life and recognize that you belong wherever you go. Only you can make that decision.” Are you a U.S.-born or raised child of Mexican immigrants currently living in Mexico? Perhaps your Mexican parents immigrated to another country, and you’ve chosen to return to Mexico? If so, I’d love to hear your story for this series! Please leave your email in the comments, and I’ll reach out. Rocio is based in Mexico City and is the creator of CDMX iykyk , a newsletter designed to keep expats, digital nomads and the Mexican diaspora in the loop. The biweekly dispatches feature top news, cultural highlights, upcoming CDMX events & local recommendations. For your dose of must-know news about Mexico, subscribe here .
Facebook X Email Print Save Story Paul Schrader , whose latest film, “ Oh, Canada ,” is based on Russell Banks ’s semi-autobiographical novel “ Foregone ,” is no stranger to literary adaptations. In 1985, he co-wrote and directed “ Mishima: A Life in Four Chapters ,” a film about the Japanese writer Yukio Mishima that also features dramatizations of his fiction. In 1990, he released “The Comfort of Strangers,” based on Ian McEwan ’s book of the same name. Schrader’s serious reading habits stem from his strict Calvinist upbringing—he didn’t see his first movie until he was seventeen—and from his coming of intellectual age before the dawn of prestige TV, in an era when, as he put it recently, there was “an important novel that came out at least once a month that informed people would want to read.” Nowadays, Schrader tends to alternate his reading between such serious works and genre fiction—though the classics are important, too. “Every few years, you should put your toe back in the water—Dostoevsky, Austen, or Hardy—just to reënergize.” A few weeks ago, he sat down with us to talk about some of his favorite novels. His remarks have been edited and condensed. The Pilgrim’s Progress by John Bunyan I was a big reader as a kid, because movies were forbidden by my church. We didn’t go to movies, and we were very late to television. We read books. They were always books on the safe side—because I went to Christian schools—but they were real books. Like Shakespeare or “The Mayor of Casterbridge”—which is a great book whether you’re ten or you’re forty. The one I remember most, the one that really brought me in, was “The Pilgrim’s Progress.” Because of the beautiful picture of being brave in that story. The first version I read was this wonderful, illustrated version, which I still own. But then, you know, truth be told, the best stories are still in the Bible. I remember sitting in church just reading the Old Testament stories. The preacher was doing something else, but I would just read one story after another. They are the oldest stories—Cain and Abel, Adam and Eve. We’re never going to stop telling them. Forbidden Colors by Yukio Mishima If there’s one Mishima people should read, aside from the tetralogy, it’s this. It’s my favorite. This is the only one that, when I was making “Mishima,” Madam Mishima wouldn’t give me, because it’s his only overtly gay book. It has a great, great plotline. [ Reading a summary from his phone ] “An aging, embittered novelist”—well, there’s a good reason I would like it. There’s a Mishima quote that I always liked, which I put in my film. It was something, like, Long ago, the average life span was twenty. Heaven must have been so beautiful then. It must be so ugly now. Under the Volcano by Malcolm Lowry I’m a collector of modern firsts—these are books from about 1915, 1920 onward, as opposed to antiquarian books. I have a copy of “Revolutionary Road” inscribed by Richard Yates to the couple he based the characters in the book on, and a copy of another book given by Melville to his wife for her birthday. In my house in the country, I have a thousand books, but I don’t have that kind of space in New York, I just have my top shelf. The ones I like most are the ones that mean most to me. Like my inscribed “Under the Volcano.” This is one of the great books. Lowry had a very tortured life—the novel is a very good biography of him, too. It’s one of these sad cases where there wasn’t enough distance between his life and his fiction. Wise Blood by Flannery O’Connor This is a favorite. First of all, you have Flannery’s writing. But then there’s also the main character, Hazel Motes. Hazel is tormented—in the end, he puts his eyes out with lime and ties himself up in barbed wire, and goes out preaching. I admire all of her stuff, particularly the short stories. “A Good Man is Hard to Find.” “The Artificial Nigger”—which unfortunately is no longer a politically correct title—is a terrific story. She made an impression on me early on. You find that, in life, those authors that punch you early, punch you for a reason. And they usually hang around. You remember the first time you read “Lolita”: wow. And then you come back to it some years later, and you say, It’s even better than I remember. New Yorker Favorites A man was murdered in cold blood and you’re laughing ? The best albums of 2024. Little treats galore: a holiday gift guide . How Maria Callas lost her voice . An objectively objectionable grammatical pet peeve . What happened when the Hallmark Channel “ leaned into Christmas .” Sign up for our daily newsletter to receive the best stories from The New Yorker .A day of embarrassment ends with further indignity for Marnus and Australia
Porter's 26 lead Middle Tennessee over South Florida 95-88