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B.C. Premier David Eby is promising to seek new export opportunities for the province after U.S. president-elect Donald Trump threatened to impose a 25-per-cent tariff on all Mexican and Canadian goods. British Columbia exports billions of dollars’ worth of commodities and products – coal and lumber, plastics and machinery – every month, with just over half bound for the United States. It could be worse. Canada as a whole sends three-quarters of its exports to the U.S. B.C. has less exposure to that single market thanks to a long-running policy, embraced by political parties of every stripe, of maintaining a diversified trade portfolio. “We’re going to continue to do our work to expand those trading opportunities,” Mr. Eby told reporters Wednesday. In the 1980s, B.C.’s political leaders set their economic sights on Asia, opening trade offices in Hong Kong, South Korea and Japan with the intent of reducing the province’s dependence on its dominant customer to the south. The province has bankrolled countless trade missions and now maintains 19 overseas trade offices. Yet the U.S. has consistently remained its most important trading partner over the past four decades. At best, the diversification strategy has dampened the siren call of the behemoth at its doorstep. “Canada is so privileged to be next door to this giant economic engine of the United States,” noted former B.C. premier Glen Clark in an interview. “We understand the laws there, we understand the language, we understand the people, and it’s very close, so it’s a natural.” But too much dependence on a single market – no matter how big, no matter how easy – comes with risk. Mr. Trump’s tariff threat should be a catalyst for a fresh commitment to cultivate new markets, said Mr. Clark, who led 13 trade missions to China alone during his term as premier, from 1996 to 1999. “Reviving that trade policy, only with different focus on parts of the world, makes a lot of sense as we move forward in this kind of dangerous time.” In 1987, Mike Harcourt, then the NDP opposition leader, stood up in the legislature and endorsed the Social Credit government’s early trade missions. Even as some Socred backbenchers dismissed the trips as “boondoggles,” Mr. Harcourt pressed for a more aggressive strategy. “We support those initiatives, but we’re not bold enough,” he said, insisting that the province needed to establish outposts in China and India. At the time, the Canada-U.S. softwood lumber dispute was demonstrating the ability of the U.S. to cripple the province’s forest sector. That conflict continues today – a textbook example for Canada of how U.S. protectionism can supersede good trade relations. British Columbia’s position as a trade gateway for Pacific Rim countries was already a reality before politicians tried to help. The year Mr. Harcourt was calling for trade offices in China, just 46 per cent of the province’s exports went to the United States. When he became Premier in 1991, Mr. Harcourt took the opportunity to pursue new markets aggressively. “I started talking about Vancouver being, not the last stop of the CPR railway, but the front door to Asia for Canada,” he said in an interview. But today he believes the province’s trade strategy needs an urgent update to prepare for 2025, when Mr. Trump returns to office. B.C.’s Trade Diversification Strategy was updated in 2023, but much has changed since. The value of softwood lumber exports has stagnated and is now rivalled by sales of machinery and equipment. Meanwhile, energy exports – especially coal – are climbing in value. Mr. Trump’s tariff threats aside, global trade relations are also more complex, particularly with China and India. The two countries are host to almost half of B.C.’s international trade offices outside the U.S. David Emerson helped steer Canada toward trade diversification. As deputy finance minister under then-Premier Bill Bennett and deputy minister to Premier Bill Vander Zalm, he crafted B.C.’s Asian Pacific trade strategy and later introduced the Asia-Pacific Gateway and Corridor Initiative as the federal Minister of International Trade. He also was the minister who negotiated the one and only settlement on softwood lumber, in 2006. That agreement expired in 2015. Mr. Emerson says this is not a good time for British Columbia – and Canada – to face a strong protectionist leader in the U.S., because the alternatives are limited. “I do believe we need to grow market penetration in markets other than the U.S., but the greatest potential is in markets where we now have terrible relations,” he said. “Today, relations with China and India are a mess, and the great trade diversification strategy has run into serious trouble.” China is B.C.’s second-largest export destination – one that is growing in value. But Canada and China are in the midst of a trade spat. In August, Ottawa announced a 100-per-cent import tariff on Chinese electric vehicles and a 25-per-cent tariff on steel and aluminum products from China, after the U.S. and the European Union introduced similar measures. The following month, Beijing launched an anti-dumping investigation into imports of rapeseed from Canada. Meanwhile, Mr. Trump has signalled he is prepared to reignite trade tensions between the U.S. and China, which could put other trading partners in the crossfire. Canada’s relations with India soured after Prime Minister Justin Trudeau said last year that there were credible allegations the Indian government had links to the assassination of Sikh activist Hardeep Singh Nijjar in Canada. Canada has since alleged that India’s Home Affairs Minister, Amit Shah, ordered the targeting of Sikh activists in Canada. Both countries have now expelled each other’s top diplomatic officials. Mr. Trump’s rationale for slapping tariffs on Canadian and Mexican imports is to punish both countries for lax border security, allowing illegal migrants and illicit drugs to slip through into the U.S. On Wednesday, Mr. Trudeau met with the premiers to strategize and emerged with a promise to strengthen border security by pumping more money into the Canada Border Services Agency and the RCMP. Mr. Eby, who advocated for that investment as an answer to Mr. Trump’s complaints, said Canada should put up a united front to take on the U.S. trade threat. But in the meantime, he said, he’ll renew his government’s commitment to diversification. “This was definitely the right direction, obviously, in hindsight, and we do have to redouble those efforts, given the instability south of the border.” The decades of previous efforts have shown, however, that changing those trade patterns will be exceptionally difficult.
Mutual of America Capital Management LLC decreased its position in shares of Louisiana-Pacific Co. ( NYSE:LPX – Free Report ) by 7.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,805 shares of the building manufacturing company’s stock after selling 2,718 shares during the period. Mutual of America Capital Management LLC’s holdings in Louisiana-Pacific were worth $3,633,000 at the end of the most recent reporting period. A number of other institutional investors have also recently added to or reduced their stakes in the company. William Blair Investment Management LLC purchased a new stake in shares of Louisiana-Pacific during the second quarter worth about $91,053,000. Marshall Wace LLP increased its holdings in Louisiana-Pacific by 92.4% during the 2nd quarter. Marshall Wace LLP now owns 1,255,474 shares of the building manufacturing company’s stock worth $103,363,000 after purchasing an additional 602,803 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Louisiana-Pacific by 188.3% during the 2nd quarter. Renaissance Technologies LLC now owns 447,400 shares of the building manufacturing company’s stock worth $36,834,000 after purchasing an additional 292,200 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Louisiana-Pacific by 768.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 270,341 shares of the building manufacturing company’s stock valued at $22,257,000 after purchasing an additional 239,212 shares in the last quarter. Finally, Westwood Holdings Group Inc. purchased a new position in shares of Louisiana-Pacific during the 1st quarter valued at approximately $15,649,000. Institutional investors and hedge funds own 94.73% of the company’s stock. Louisiana-Pacific Trading Up 1.3 % NYSE:LPX opened at $115.92 on Friday. The stock has a market cap of $8.14 billion, a price-to-earnings ratio of 19.99, a PEG ratio of 2.69 and a beta of 1.88. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.92. Louisiana-Pacific Co. has a 1 year low of $60.27 and a 1 year high of $117.59. The business has a fifty day moving average of $105.73 and a 200-day moving average of $95.76. Louisiana-Pacific Announces Dividend Insider Transactions at Louisiana-Pacific In related news, Director Ozey K. Horton, Jr. sold 300 shares of Louisiana-Pacific stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $113.41, for a total transaction of $34,023.00. Following the transaction, the director now directly owns 28,638 shares of the company’s stock, valued at $3,247,835.58. The trade was a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website . Also, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $98.30, for a total transaction of $245,750.00. Following the completion of the sale, the director now directly owns 21,005 shares of the company’s stock, valued at $2,064,791.50. The trade was a 10.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Company insiders own 1.26% of the company’s stock. Analysts Set New Price Targets A number of brokerages recently issued reports on LPX. Truist Financial lifted their price target on shares of Louisiana-Pacific from $105.00 to $113.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Bank of America boosted their target price on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the stock an “underperform” rating in a research report on Thursday, September 12th. The Goldman Sachs Group increased their price target on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. Royal Bank of Canada boosted their price objective on Louisiana-Pacific from $119.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Finally, StockNews.com downgraded Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Sunday, November 10th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $102.22. Get Our Latest Report on LPX About Louisiana-Pacific ( Free Report ) Louisiana-Pacific Corporation, together with its subsidiaries, provides building solutions primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through Siding, Oriented Strand Board, LP South America, and Other segments. The Siding segment offers LP SmartSide trim and siding products, LP SmartSide ExpertFinish trim and siding products, LP BuilderSeries lap siding products, and LP Outdoor Building Solutions; and engineered wood siding, trim, soffit, and fascia products. See Also Receive News & Ratings for Louisiana-Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Louisiana-Pacific and related companies with MarketBeat.com's FREE daily email newsletter .B. Metzler seel. Sohn & Co. Holding AG Takes Position in Mobileye Global Inc. (NASDAQ:MBLY)
Ukrainian President Volodymyr Zelensky said Friday that "several" wounded North Korean soldiers died after being captured by Ukrainian forces, as he accused Russia of throwing them into battle with "minimal protection". Ukraine and its western allies say North Korea has sent thousands of soldiers to support Russia's army, in what is seen as a major escalation in the nearly three-year war following Moscow's 2022 invasion. "Today there were reports about several soldiers from North Korea. Our soldiers managed to take them prisoner. But they were very seriously wounded and could not be resuscitated," Zelensky said in an evening address posted on social media. South Korea's spy agency said earlier on Friday that a North Korean soldier who was captured while fighting in Russia's war against Ukraine had died of his wounds. Zelensky did not specify how many North Koreans had died after being captured by Ukrainian troops. Zelensky had earlier said that nearly 3,000 North Korean soldiers had been "killed or wounded" so far as they joined Russia's forces in combat in its western Kursk border region, where Ukraine mounted a shock incursion in August. South Korea's intelligence service had previously put the number of killed or wounded North Koreans at 1,000, saying the high casualty rate could be down to an unfamiliar battlefield environment and their lack of capability to counter drone attacks. The White House on Friday confirmed the South Korean estimates, saying that Pyongyang's troops were being sent to their deaths in futile attacks by generals who see them as "expendable". "We also have reports of North Korean soldiers taking their own lives rather than surrendering to Ukrainian forces, likely out of fear of reprisal against their families in North Korea in the event that they're captured," National Security Council spokesman John Kirby told reporters. North Korea and Russia have strengthened their military ties since Moscow's invasion of Ukraine in February 2022. A landmark defence pact between Pyongyang and Moscow signed in June came into force this month, with Russian President Vladimir Putin hailing it as a "breakthrough document". North Korean state media said Friday that Putin sent a New Year's message to North Korean leader Kim Jong Un, saying: "The bilateral ties between our two countries have been elevated after our talks in June in Pyongyang." Seoul's military believes that North Korea was seeking to modernise its conventional warfare capabilities through combat experience gained in the Russia-Ukraine war. NATO chief Mark Rutte had also said that Moscow was providing support to Pyongyang's missile and nuclear programmes in exchange for the troops. South Korea's Joint Chiefs of Staff said Monday that Pyongyang is reportedly "preparing for the rotation or additional deployment of soldiers" and supplying "240mm rocket launchers and 170mm self-propelled artillery" to the Russian army. Pyongyang's involvement in Russia's war against Ukraine had prompted warnings from Seoul. South Korea's President Yoon Suk Yeol, currently suspended, said in November that Seoul was "not ruling out the possibility of providing weapons" to Kyiv, which would mark a major shift to a long-standing policy barring the sale of weapons to countries in active conflict. hs/bjt/mlm/gv/rlpMax Christie Opens Up About Lakers' Morale Following 119-118 Loss to MagicSeveral wounded N.Korean soldiers died after being captured by Ukraine: ZelenskyThe Boston Red Sox continued to rebuild their pitching staff, acquiring left-hander Jovani Morán on Tuesday from the Minnesota Twins in exchange for catcher and infielder Mickey Gasper. The 27-year-old Morán appeared in 79 games as a reliever for the Twins from 2021 to 2023, posting a 4.15 ERA, striking out 112 with 52 walks and holding opponents to a .208 batting average. He missed all of last season recovering from Tommy John surgery. He originally was chosen in the seventh round of the 2015 draft. In Gasper, the Twins are getting a 29-year-old who made his major league debut last season and appeared in 13 games with Boston. The switch-hitter was selected by the New York Yankees in the 27th round of the 2018 draft. He was picked by Boston in the minor league portion of the 2023 Rule 5 Draft. The Red Sox and Twins both currently have 39 players on their 40-man rosters. ___ AP MLB: The Associated Press
By LOLITA C. BALDOR and MATTHEW LEE WASHINGTON (AP) — The United States is expected to announce that it will send $1.25 billion in military assistance to Ukraine, U.S. officials said Friday, as the Biden administration pushes to get as much aid to Kyiv as possible before leaving office on Jan. 20. The large package of aid includes a significant amount of munitions, including for the National Advanced Surface-to-Air Missile Systems and the HAWK air defense system. It also will provide Stinger missiles and 155 mm- and 105 mm artillery rounds, officials said. The officials, who said they expect the announcement to be made on Monday, spoke on condition of anonymity to provide details not yet made public. The new aid comes as Russia has launched a barrage of attacks against Ukraine’s power facilities in recent days, although Ukraine has said it intercepted a significant number of the missiles and drones. Russian and Ukrainian forces are also still in a bitter battle around the Russian border region of Kursk, where Moscow has sent thousands of North Korean troops to help reclaim territory taken by Ukraine. Earlier this month, senior defense officials acknowledged that that the Defense Department may not be able to send all of the remaining $5.6 billion in Pentagon weapons and equipment stocks passed by Congress for Ukraine before President-elect Donald Trump is sworn in. Related Articles Nation | Donald Trump Jr’s friends worried about ‘social climbing’ new girlfriend: report Nation | Bird flu virus likely mutated within a Louisiana patient, CDC says Nation | A 9th telecoms firm has been hit by a massive Chinese espionage campaign, the White House says Nation | 2 Florida tourist spots halt drones in shows following a separate accident that injured a boy Nation | ‘Morrison Hotel’ made famous by The Doors goes up in flames in LA Trump has talked about getting some type of negotiated settlement between Ukraine and Russia, and spoken about his relationship with Russian President Vladimir Putin . Many U.S. and European leaders are concerned that it might result in a poor deal for Ukraine and they worry that he won’t provide Ukraine with all the weapons funding approved by Congress. The aid in the new package is in presidential drawdown authority, which allows the Pentagon to take weapons off the shelves and send them quickly to Ukraine. This latest assistance would reduce the remaining amount to about $4.35 billion. Officials have said they hope that an influx of aid will help strengthen Ukraine’s hand, should Zelenskyy decide it’s time to negotiate. One senior defense official said that while the U.S. will continue to provide weapons to Ukraine until Jan. 20, there may well be funds remaining that will be available for the incoming Trump administration to spend. According to the Pentagon, there is also about $1.2 billion remaining in longer-term funding through the Ukraine Security Assistance Initiative, which is used to pay for weapons contracts that would not be delivered for a year or more. Officials have said the administration anticipates releasing all of that money before the end of the calendar year. If the new package is included, the U.S. has provided more than $64 billion in security assistance to Ukraine since Russia invaded in February 2022.WASHINGTON , Nov. 21, 2024 /PRNewswire/ -- Last night, Future Caucus held its seventh annual awards at the Arlo Washington DC, in recognition of lawmakers and activists who embody the organization's mission to transcend toxic polarization. The award honors Gen Z and millennial leaders actively advancing bipartisan policies that address critical issues facing Americans. "The young leaders we honor tonight are not only persevering through systemic and personal obstacles, but excelling," said Future Caucus president and CEO Layla Zaidane . "They're showing us what's possible when the work of governing is rooted in empathy and collaboration rather than division, and how good, inclusive policy also turns out to be pretty good politics." The 2024 Rising Star Award was presented to two lawmakers: State Asm. Alex Bores (D-NY-73) and State Rep. Tory Blew (R-KS-112) , now Sen.-elect for the state's 33rd Senate District. Both serve as co-chairs of their respective State Future Caucus . "I'm honored to receive this award for work that prioritizes delivering results for New Yorkers," said Bores. "Creating a more effective, responsive state government requires everyone, and I'm proud of what we have achieved together to modernize New York's services and protect our democracy." "It's an honor to receive this recognition for bipartisan work that has been my focus from day one," said Blew. "At its core, this role is about listening and finding common ground that serves Kansans across the board, especially the young people who will define our future. I'm grateful to Future Caucus for championing this collaborative vision." Future Caucus presented the Cherisse Eatmon Collective Impact Award to Pennsylvania Future Caucus co-chairs State Rep. Justin Fleming (D-PA-105) and State Rep. Thomas Kutz (R-PA-87) . " Pennsylvania's young people and families are facing challenges that demand bipartisan solutions," said Fleming. "This award is a testament to the work we've done as a caucus and as colleagues, to bring together a diverse set of voices and put real, impactful legislation into action for our communities." "Pennsylvanians are facing challenges that require common sense solutions," said Kutz, who accepted the award in absentia. "Pragmatic legislators must come together to address rising inflation, the cost of housing and child care, and the rising costs of higher education. I'm honored to work alongside colleagues in Harrisburg who are equally committed to addressing these issues. This award is a testament to the bipartisan work we have taken on this session, and I'm eager to continue that work in the upcoming legislative session." The organization also presented its Generational Changemaker Award to activist and actor Sophia Bush , for her efforts to promote voter education and civic engagement, and to businesswoman and socialite Paris Hilton , for her commitment to criminal justice reform and accountability for youth residential facilities. "What makes this gathering so significant—and what makes the work of Future Caucus so vital—is the understanding that democracy is bigger than any one candidate, or the outcome of any single election," said Bush. "It's a commitment that, if honored and fought for, transcends wins and losses, uniting us around the shared responsibility to protect and strengthen our democratic institutions. And that is a commitment I believe in." "I'm accepting this award as a survivor and advocate, and more importantly, as a voice for every child suffering in silence. I've turned my pain into purpose by fighting for policy change, from passing 10 state laws to introducing the federal bipartisan Stop Institutional Child Abuse Act and testifying on behalf of foster youth in Congress," said Hilton, who accepted the award by video. "I'm so proud to stand with all the amazing lawmakers in this community who are dedicated to changing the world. I'm confident that together, we'll make groundbreaking progress in creating a world where everyone is supported, protected, and empowered." Rep.-elect Sarah McBride (D-DE) gave the evening's keynote address . As a Delaware state senator, McBride was founding co-chair of the Delaware Future Caucus. "The promise of our Constitution is only possible when we respect our differences and solve our disagreements through conversation and collaboration," said McBride. "We know that the divisions and nastiness that we too often see nationally must not—and does not have to—be our new normal. A different kind of politics is possible: a politics of hope, not of hate; of grace, not of grievance; and of progress, not of pettiness. That is our charge as the next generation of Future Caucus leaders." Future Caucus is a nonpartisan, nonprofit organization that empowers young elected officials in Congress and state legislatures to bridge the partisan divide. By supporting innovative policymaking and fostering collaboration, we help Gen Z and millennial leaders drive positive change and promote a political culture rooted in empathy and solutions. To learn more, visit www.futurecaucus.org . View original content to download multimedia: https://www.prnewswire.com/news-releases/young-republican-and-democratic-lawmakers-and-activists-receive-political-bridge-building-award-302313634.html SOURCE Future Caucus
Some tech industry leaders are pushing the incoming Trump administration to increase visas for highly skilled workers from other nations. Related Articles National Politics | In states that ban abortion, social safety net programs often fail families National Politics | Court rules Georgia lawmakers can subpoena Fani Willis for information related to her Trump case National Politics | New 2025 laws hit hot topics from AI in movies to rapid-fire guns National Politics | Trump has pressed for voting changes. GOP majorities in Congress will try to make that happen National Politics | Exhausted by political news? TV ratings and new poll say you’re not alone The heart of the argument is, for America to remain competitive, the country needs to expand the number of skilled visas it gives out. The previous Trump administration did not increase the skilled visa program, instead clamping down on visas for students and educated workers, increasing denial rates. Not everyone in corporate America thinks the skilled worker program is great. Former workers at IT company Cognizant recently won a federal class-action lawsuit that said the company favored Indian employees over Americans from 2013 to 2022. A Bloomberg investigation found Cognizant, and other similar outsourcing companies, mainly used its skilled work visas for lower-level positions. Workers alleged Cognizant preferred Indian workers because they could be paid less and were more willing to accept inconvenient or less-favorable assignments. Question: Should the U.S. increase immigration levels for highly skilled workers? Caroline Freund, UC San Diego School of Global Policy and Strategy YES: Innovation is our superpower and it relies on people. Sourcing talent from 8 billion people in the world instead of 330 million here makes sense. Nearly half our Fortune 500 companies were founded by immigrants or their children. Growing them also relies on expanding our skilled workforce. The cap on skilled-worker visas has hardly changed since the computer age started. With AI on the horizon, attracting and building talent is more important than ever. Kelly Cunningham, San Diego Institute for Economic Research YES: After years of openly allowing millions of undocumented entrants into the country, why is there controversy over legally increasing somewhat the number having desirable skills? Undocumented immigration significantly impacts lower skill level jobs and wages competing with domestic workers at every skill level. Why should special cases be made against those having higher skills? Could they just not walk across the border anyway, why make it more inconvenient to those with desirable skills? James Hamilton, UC San Diego YES: Knowledge and technology are key drivers of the U.S. economy. Students come from all over the world to learn at U.S. universities, and their spending contributed $50 billion to U.S. exports last year. Technological advantage is what keeps us ahead of the rest of the world. Highly skilled immigrants contribute much more in taxes than they receive in public benefits. The skills immigrants bring to America can make us all better off. Norm Miller, University of San Diego YES: According to Forbes, the majority of billion-dollar startups were founded by foreigners. I’ve interviewed dozens of data analysts and programmers from Berkeley, UCSD, USD and a few other schools and 75% of them are foreign. There simply are not enough American graduates to fill the AI and data mining related jobs now exploding in the U.S. If we wish to remain a competitive economy, we need highly skilled and bright immigrants to come here and stay. David Ely, San Diego State University YES: Being able to employ highly skilled workers from a larger pool of candidates would strengthen the competitiveness of U.S. companies by increasing their capacity to perform research and innovate. This would boost the country’s economic output. Skilled workers from other nations that cannot remain in the U.S. will find jobs working for foreign rivals. The demand for H-1B visas far exceeds the current cap of 85,000, demonstrating a need to modify this program. Phil Blair, Manpower YES: Every country needs skilled workers, at all levels, to grow its economy. We should take advantage of the opportunity these workers provide our employers who need these skills. It should be blended into our immigration policies allowing for both short and long term visas. Gary London, London Moeder Advisors YES: San Diego is a premiere example of how highly skilled workers from around the globe enrich a community and its regional economy. Of course Visa levels need to be increased. But let’s go further. Tie visas and immigration with a provision that those who are admitted and educated at a U.S. university be incentivized, or even required, to be employed in the U.S. in exchange for their admittance. Bob Rauch, R.A. Rauch & Associates NO: While attracting high-skilled immigrants can fill critical gaps in sectors like technology, health care and advanced manufacturing, increasing high-skilled immigration could displace American workers and drive down wages in certain industries. There are already many qualified American workers available for some of these jobs. We should balance the need for specialized skills with the impact on the domestic workforce. I believe we can begin to increase the number of visas after a careful review of abuse. Austin Neudecker, Weave Growth YES: We should expand skilled visas to drive innovation and economic growth. Individuals who perform high-skilled work in labor-restricted industries or graduate from respected colleges with relevant degrees should be prioritized for naturalization. We depend on immigration for GDP growth, tax revenue, research, and so much more. Despite the abhorrent rhetoric and curtailing of visas in the first term, I hope the incoming administration can be persuaded to enact positive changes to a clearly flawed system. Chris Van Gorder, Scripps Health YES: But it should be based upon need, not politics. There are several industries that have or could have skilled workforce shortages, especially if the next administration tightens immigration as promised and expected. Over the years, there have been nursing shortages that have been met partially by trained and skilled nurses from other countries. The physician shortage is expected to get worse in the years to come. So, this visa program may very well be needed. Jamie Moraga, Franklin Revere NO: While skilled immigration could boost our economy and competitiveness, the U.S. should prioritize developing our domestic workforce. Hiring foreign nationals in sensitive industries or government-related work, especially in advanced technology or defense, raises security concerns. A balanced approach could involve targeted increases in non-sensitive high-demand fields coupled with investment in domestic STEM education and training programs. This could address immediate needs while strengthening the long-term STEM capabilities of the American workforce. Not participating this week: Alan Gin, University of San DiegoHaney Hong, San Diego County Taxpayers AssociationRay Major, economist Have an idea for an Econometer question? Email me at phillip.molnar@sduniontribune.com . Follow me on Threads: @phillip020
Needless statementSS&C Techs Hldgs's SSNC short percent of float has fallen 6.99% since its last report. The company recently reported that it has 2.51 million shares sold short , which is 1.33% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.24 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish. See Also: List of the most shorted stocks SS&C Techs Hldgs Short Interest Graph (3 Months) As you can see from the chart above the percentage of shares that are sold short for SS&C Techs Hldgs has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted. Comparing SS&C Techs Hldgs's Short Interest Against Its Peers Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis. According to Benzinga Pro , SS&C Techs Hldgs's peer group average for short interest as a percentage of float is 7.47%, which means the company has less short interest than most of its peers. Did you know that increasing short interest can actually be bullish for a stock? This post by Benzinga Money explains how you can profit from it. This article was generated by Benzinga's automated content engine and was reviewed by an editor. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Tinder bosses think AI will ‘transform dating’ in bold prediction as romance apps face backlash and ‘exhausted’ users
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Transforming Sports Surgery: The Engineering Vision Of Venudhar Rao HajariIcy conditions weathered Thanksgiving travelers and Mizzou Tiger fans as the first snowfall of the year landed in Columbia on Saturday. Roughly 3.2 inches of snow fell in Columbia from roughly 8 a.m. to 6 p.m. Saturday, according to the National Weather Service . A 17-person crew was on call from the Columbia Public Works Department during the snowfall to address the buildup, John Ogan, a spokesperson for the Public Works Department, said in an email to the Missourian. Crews continued cleanup through the weekend. Ogan said that as of Monday, all roads were in passable condition. The Missouri State Highway Patrol reported 362 crashes and four fatalities across the state between 6 p.m. Wednesday and 11:59 p.m. Sunday. One fatal crash occurred in the westbound lane of Interstate 70 in Columbia on Saturday morning, according to the Highway Patrol, which temporarily blocked both westbound lanes. Ogan also said that increased traffic from the Mizzou football game likely contributed to road congestion in Columbia on Saturday, and noted that the Public Works Department encouraged attendees to use the free Go COMO shuttles to reach the stadium. The conditions over the weekend met the city's expectations, Ogan said. "We don't control Mother Nature, but what we do control is how we plan for it and how we respond to it with the personnel and resources available to address the situation by adopted policy," Ogan said. Some Mizzou football fans took to social media to share their experience with the ice and snow at the stadium. Douglas Edgar commented under Mizzou Athletics' Facebook post that he saw several people slip on the stairs during the Saturday game. Photos were posted by Edgar that showcased the stairs coated in ice and snow. Eric Maze, public relations manager at MU Health Care, wrote in an email that at least one patient was treated at University Hospital on Saturday night related to a weather-related fall at the football game.Florida knocks No. 9 Ole Miss out of College Football Playoff contention
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The United States is expected to announce that it will send 1.25 billion dollars (£1 billion) in military assistance to Ukraine, US officials said on Friday, as the Biden administration pushes to get as much aid to Kyiv as possible before leaving office on January 20. The large package of aid includes a significant amount of munitions, including for the National Advanced Surface-to-Air Missile Systems and the Hawk air defence system. It also will provide Stinger missiles and 155mm and 105mm artillery rounds, officials said. The officials, who said they expect the announcement to be made on Monday, spoke on condition of anonymity to provide details not yet made public. The new aid comes as Russia launched a barrage of attacks against Ukraine’s power facilities in recent days, although Ukraine has said it intercepted a significant number of the missiles and drones. Russian and Ukrainian forces are also still in a bitter battle around the Russian border region of Kursk, where Moscow has sent thousands of North Korean troops to help reclaim territory taken by Ukraine. Earlier this month, senior defence officials acknowledged that the US Defence Department may not be able to send all of the remaining 5.6 billion dollars (£4.5 billion) in Pentagon weapons and equipment stocks passed by Congress for Ukraine before President-elect Donald Trump is sworn in. Mr Trump has talked about getting some type of negotiated settlement between Ukraine and Russia, and spoken about his relationship with Russian President Vladimir Putin. Many US and European leaders are concerned that it might result in a poor deal for Ukraine and they worry that he will not provide Ukraine with all the weapons funding approved by Congress. The aid in the new package is in presidential drawdown authority, which allows the Pentagon to take weapons off the shelves and send them quickly to Ukraine. This latest assistance would reduce the remaining amount to about 4.35 billion dollars (£3.46 billion). Officials have said they hope that an influx of aid will help strengthen Ukraine’s hand, should Ukrainian president Volodymyr Zelensky decide it is time to negotiate. One senior defence official said that while the US will continue to provide weapons to Ukraine until January 20, there may well be funds remaining that will be available for the incoming Trump administration to spend. According to the Pentagon, there is also about 1.2 billion dollars (£0.9 billion) remaining in longer-term funding through the Ukraine Security Assistance Initiative, which is used to pay for weapons contracts that would not be delivered for a year or more. Officials have said the administration anticipates releasing all of that money before the end of the calendar year. If the new package is included, the US will have provided more than 64 billion dollars (£50.8 billion) in security assistance to Ukraine since Russia invaded in February 2022.
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Daniel McCarthy: Let the spirit of Christmas heal our wounds after a bruising political yearGuidewire Software ( NYSE:GWRE – Free Report ) had its price target upped by Robert W. Baird from $204.00 to $220.00 in a research note issued to investors on Tuesday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the technology company’s stock. Several other research analysts have also issued reports on the company. Oppenheimer restated an “outperform” rating and issued a $200.00 price target (up from $185.00) on shares of Guidewire Software in a research report on Friday, October 11th. Citigroup raised their target price on Guidewire Software from $123.00 to $165.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research note on Friday, October 11th. DA Davidson reissued a “buy” rating and set a $168.00 price objective on shares of Guidewire Software in a research note on Friday, September 6th. Finally, BTIG Research upped their target price on shares of Guidewire Software from $140.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, August 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $183.69. View Our Latest Research Report on Guidewire Software Guidewire Software Stock Up 1.5 % Guidewire Software ( NYSE:GWRE – Get Free Report ) last issued its quarterly earnings results on Thursday, September 5th. The technology company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.54 by $0.08. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.29%. The company had revenue of $291.50 million during the quarter, compared to analysts’ expectations of $283.84 million. During the same quarter in the previous year, the company earned $0.30 EPS. Guidewire Software’s revenue was up 8.0% on a year-over-year basis. As a group, sell-side analysts expect that Guidewire Software will post 0.53 EPS for the current year. Insider Activity at Guidewire Software In other Guidewire Software news, President John P. Mullen sold 1,350 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $197.72, for a total value of $266,922.00. Following the completion of the transaction, the president now directly owns 189,261 shares in the company, valued at $37,420,684.92. This trade represents a 0.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link . Also, CEO Michael George Rosenbaum sold 23,379 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total value of $4,024,928.64. Following the sale, the chief executive officer now owns 287,662 shares in the company, valued at approximately $49,523,889.92. This represents a 7.52 % decrease in their position. The disclosure for this sale can be found here . In the last quarter, insiders have sold 52,601 shares of company stock valued at $9,116,179. 0.48% of the stock is owned by insiders. Hedge Funds Weigh In On Guidewire Software Several hedge funds and other institutional investors have recently made changes to their positions in GWRE. Virtu Financial LLC boosted its position in Guidewire Software by 649.4% during the third quarter. Virtu Financial LLC now owns 14,650 shares of the technology company’s stock worth $2,680,000 after purchasing an additional 12,695 shares during the period. Neo Ivy Capital Management acquired a new stake in shares of Guidewire Software during the 3rd quarter worth about $1,774,000. Coldstream Capital Management Inc. boosted its holdings in shares of Guidewire Software by 11.2% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,814 shares of the technology company’s stock worth $335,000 after buying an additional 182 shares during the period. Geode Capital Management LLC grew its stake in Guidewire Software by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,330,074 shares of the technology company’s stock valued at $243,580,000 after buying an additional 6,223 shares during the last quarter. Finally, Orion Portfolio Solutions LLC raised its holdings in Guidewire Software by 0.7% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 21,302 shares of the technology company’s stock valued at $3,897,000 after acquiring an additional 149 shares during the period. Guidewire Software Company Profile ( Get Free Report ) Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed. Read More Receive News & Ratings for Guidewire Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guidewire Software and related companies with MarketBeat.com's FREE daily email newsletter .
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