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Grappling with the return of a U.S. president disdainful of reporters and the decline of newspapers in California and across the country, Berkeleyside’s Dec. 5 Idea Makers panel was billed as a discussion of “ .” The headliner for the panel was state Assemblymember Buffy Wicks, who talked about efforts in Sacramento to get tech giants to pay for the news content they use in order to fund newsrooms in California. Wicks represents Berkeley as well as Richmond and parts of Oakland — where Berkeleyside sister newsrooms Richmonside and The Oaklandside operate — along with other parts of Alameda and Contra Costa counties. Watch Berkeleyside’s full Dec. 5 Idea Makers panel. Cityside CEO and Berkeleyside co-founder Lance Knobel moderated the program last Thursday, including the first half with Wicks that focused on a funding battle that played out in Sacramento recently, and the second half with UC Berkeley Graduate School of Journalism professor and Lisa Armstong, San Francisco Chronicle columnist and critic and Berkeleyside Associate Editor . Around 100 people attended the event, at the Berkeley Art Museum and Pacific Film Archive’s Barbro Osher Theater on Center Street. Between 2005 and 2022, California lost more than two thirds — 68% — of its working newspaper journalists, along with a third of its newspapers, according to a by the Northwestern Medill School of Journalism. News startups, particularly digital and nonprofit ones, have had some small successes in slowing the bleeding, according to the study. In 2023, Wicks authored an Assembly bill to compel tech giants like Google to pay fees to, or negotiate with, news outlets in California to use the outlet’s content. This year, a state Senate bill also sought to get the big tech platforms to pay for local journalism. The News Media Alliance, an industry lobbying body, should be paying publishers in excess of $10 billion a year nationally. But Google waged an $11 million lobbying blitz and threatened to end Google News Initiative (GNI) programs in California. (Cityside, Berkeleyside’s nonprofit parent organization, has received funding from GNI.) Although Wicks’ bill easily passed in the Assembly and seemed set for success in the Senate, lawmakers and Google in August in which both Google and the state will pay into a News Transformation Fund to help fund newsrooms in California. Cityside’s Knobel had testified to the Senate about both the Assembly and Senate bills and, following the agreed deal, supported the compromise. While labor unions and some publishers as settling for too little, Wicks said at the Berkeleyside panel that part of the impetus for the deal was looking at how Meta — Facebook and Instagram’s parent company — simply pulled news content from its platforms in Canada after a law was passed ordering tech companies to pay publishers. “There was sort of the art of [the] possible in politics in Sacramento this year,” Wicks said, arguing it was unlikely Gov. Gavin Newsom would have signed the bill if it had emerged from the senate. We “required [Google] not to pull out of any of their pre-existing relationships. And Meta is not going to pull out of California now.” Many of the details of the August deal remain to be resolved, but Wicks said she expected payments could be made out of the fund in 2025. The guests in the second panel discussed the perils of a second Donald Trump presidency to the news industry, how reporters can build trust with audiences in a fractured media landscape rife with misinformation and what hope, if any, is left for the news. “I worry about those independent newsrooms that don’t have giant legal war chests. ... It appears this incoming administration is sending signals that they will indeed exercise as much power as they can to get news that they do not like out of the picture,” Ho said. “You have to retain really expensive legal counsel to fight that. A smaller newspaper, or even just a newsletter or a news organization, they don’t necessarily have those resources.” The shrinking landscape of local news organizations, Armstrong said, was draining public trust in media outlets as a whole. Armstrong mentioned that she first learned that President Joe Biden had announced he was dropping his bid for reelection on Instagram and her first instinct was to question whether the letter announcing it was even real. That incident, she said, was an example of how “we can’t just keep producing news and expecting people to come to us.” She said newsrooms need to be embedded in the communities they serve. “If you go and you do one story, and then you leave, then there’s no trust,” Armstrong said. “You came, you extracted the story and then you went on your way. But if I see you all the time and you’re here not just when things are bad ... you’re seeing us as a whole community that has things that are good and that are bad, but you’re invested, then there’s trust, and I want to learn from you.” " " indicates required fields To remove this article -Report: Bill Belichick has "genuine interest" in coaching at college level, /PRNewswire/ -- Wingstop Inc. (NASDAQ: WING) today announced that its board of directors approved the purchase of up to an additional of its outstanding shares of common stock under its existing share repurchase program, effective immediately. This repurchase program follows the substantial completion of purchases of common stock under the inaugural repurchase authorization from . With this additional repurchase authorization, the Company anticipates executing a accelerated share repurchase ("ASR") program that will commence in the fourth quarter of 2024. "We believe our asset-lite, highly-franchised model enables industry-leading shareholder returns," commented , Chief Financial Officer. "Since becoming a public company in 2015, we have returned more than of capital to shareholders. Our share repurchase program is another example of the long-term value creation enabled by our category of one operating model." Repurchases under the program may be made in the open market, in privately negotiated transactions or by other means, including through trading plans intended to qualify under Rule 10b5-1 of the Securities and Exchange Act of 1934 and accelerated share repurchase agreements, with the amount and timing of repurchases to be determined at Wingstop's discretion, depending on market and business conditions, prevailing stock prices, and contractual limitations, among other factors. Open market repurchases will be structured to occur in accordance with applicable federal securities laws. This program does not obligate Wingstop to acquire any particular amount of common stock, or at any specific time or intervals and may be modified, suspended or terminated at any time at Wingstop's discretion. Wingstop expects to fund repurchases with existing cash and cash equivalents, including the proceeds from its recently completed financing transaction which closed on . Founded in 1994 and headquartered in , Wingstop Inc. (NASDAQ: WING) operates and franchises more than 2,450 locations worldwide. The Wing Experts are dedicated to Serving the World Flavor through an unparalleled guest experience and a best-in-class technology platform, all while offering classic and boneless wings, tenders, and chicken sandwiches, cooked to order and hand sauced-and-tossed in fans' choice of 12 bold, distinctive flavors. Wingstop's menu also features signature sides including fresh-cut, seasoned fries and freshly-made ranch and bleu cheese dips. In fiscal year 2023, Wingstop's system-wide sales increased 27.1% to approximately , marking the 20th consecutive year of same store sales growth. With a vision of becoming a Top 10 Global Restaurant Brand, Wingstop's system is comprised of corporate-owned restaurants and independent franchisees, or brand partners, who account for approximately 98% of Wingstop's total restaurant count of 2,458 as of . A key to this business success and consumer fandom stems from The Wingstop Way, which includes a core value system of being Authentic, Entrepreneurial, Service-minded, and Fun. The Wingstop Way extends to the brand's environmental, social and governance platform as Wingstop seeks to provide value to all guests. In 2023, Wingstop earned its "Best Places to Work" certification. The Company landed on Entrepreneur Magazine's "Fastest-Growing Franchises" list and ranked #16 on "Franchise 500." Wingstop was listed on Technomic's "Top 500 Chain Restaurant Report," QSR Magazine's "2023 QSR 50" and Franchise Time's "40 Smartest-Growing Franchises." For more information, visit or and follow @Wingstop on X, Instagram, Facebook, and TikTok. Learn more about Wingstop's involvement in its local communities at . Unless specifically noted otherwise, references to our website addresses, the website addresses of third parties or other references to online content in this press release do not constitute incorporation by reference of the information contained on such website and should not be considered part of this release. This news release includes statements of our expectations, intentions, plans and beliefs that constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to come within the safe harbor protection provided by those sections. These statements, which involve risks and uncertainties, relate to the discussion of our expectations concerning the implementation and execution of our share repurchase program, including the anticipated execution of a ASR and our strategic growth initiatives. These forward-looking statements can generally be identified by the use of forward-looking terminology, including the terms "may," "will," "should," "expect," "intend," "plan," "outlook," "guidance," "anticipate," "believe," "think," "estimate," "seek," "predict," "can," "could," "project," "potential" or, in each case, their negative or other variations or comparable terminology, although not all forward-looking statements are accompanied by such terms. These forward-looking statements are made based on expectations and beliefs concerning future events affecting us and are subject to uncertainties, risks, and factors relating to our operations and business environments, all of which are difficult to predict and many of which are beyond our control, that could cause our actual results to differ materially from those matters expressed or implied by these forward-looking statements. Please refer to the risk factors discussed in our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which can be found at the SEC's website . The discussion of these risks is specifically incorporated by reference into this news release. When considering forward-looking statements in this news release or that we make in other reports or statements, you should keep in mind the cautionary statements in this news release and future reports we file with the SEC. New risks and uncertainties arise from time to time, and we cannot predict when they may arise or how they may affect us. Any forward-looking statement in this news release speaks only as of the date on which it was made. Except as required by law, we assume no obligation to update or revise any forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in any forward-looking statements, even if new information becomes available in the future. 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A group of nearly 100 former senior intelligence and national security officials sent a letter to Senate leaders, writing that they are “alarmed” by President-elect Donald Trump ’s selection of former Rep. Tulsi Gabbard to become national intelligence director and urged senators to “carefully scrutinize” her nomination. The officials who served in both Republican and Democratic administrations said Gabbard’s past actions “call into question her ability to deliver unbiased intelligence briefings to the President, Congress, and the entire national security apparatus.” The group urged incoming Republican Senate Majority Leader John Thune (R-SD) and current Democratic Majority Leader Chuck Schumer (D-NY) to hold closed briefings to scrutinize her nomination fully. “Senate committees should consider in closed sessions all information available to the U.S. government when considering Ms. Gabbard’s qualifications to manage our country’s intelligence agencies and, more importantly, the protection of our intelligence sources and methods,” the letter said. The letter comes as Trump’s team announced Tuesday that it had entered into a memorandum of understanding with the Justice Department, paving the way for FBI background checks. The MOU comes after pressure from bipartisan lawmakers who aired concerns after it appeared that some appointees would skip the process. The document mentions Gabbard’s travel to Syria in 2017, where she met President Bashar al-Assad, a Russian ally, and ultimately aligned herself with Russian and Syrian officials. At that time, she was at odds with the Obama administration in calling for the end of support for Syria’s opposition movement against Assad’s rule. It also notes her statements on wars in Ukraine and the Middle East differ from United States policy and have mimicked Russian talking points. “Ms. Gabbard’s past statements and actions raise serious red flags and indicate significant gaps in knowledge and experience on these issues. I encourage the Senate to carefully weigh her suitability for this critical role,” said Rose Gottemoeller, former deputy secretary general of NATO, who signed the letter. The former Democratic congresswoman-turned-Republican nominee for a key Trump administration role served in the Hawaii Army National Guard and was deployed to Iraq with a medical unit. During her career in the House from 2013 to 2021, she was known for her anti-interventionist politics and populist economics. The letter goes on to say that Gabbard if confirmed, “would be the least experienced director of national intelligence since the position was created,” pointing out that many previous directors had executive branch experience working on intelligence matters or served on an intelligence panel. “The Senate must carefully evaluate whether Ms. Gabbard is equipped to effectively oversee an organizational structure as unique and large as the National Intelligence Program and also the effect of her holding this position on the willingness of our closest allies to share intelligence with the U.S.,” the letter said. CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER Alexa Henning, a spokeswoman for Gabbard on the Trump transition team on Thursday called the letter an “unfounded attack” and a “partisan weapon.” “This is a perfect example of why President Trump chose Tulsi Gabbard for this position. These unfounded attacks are from the same geniuses who have blood on their hands from decades of faulty ‘intelligence,’ including the non-existent weapons of mass destruction,” Henning said in a statement provided to the Washington Examiner. “These intel officials continue to use classification as a partisan weapon to smear and imply things about their political enemy without putting the facts out,” she added.
We used to be a nation of owners. Not anymore. In 1820, roughly 80 percent of Americans worked for themselves. Farmers, shopkeepers, and craftsmen— people owned what they built . Today, most of us work for someone else. We may think that's normal, but it's not. Ownership is disappearing. Slowly, quietly, it's being taken while we aren't paying attention. And as it goes, so does our freedom, wealth, and control over our communities. If you walk down any street in America, you'll see this in real time. That corner store? Likely owned by a big corporation. The neighborhood coffee shop? Replaced by a chain. The family auto repair shop? Bought out or shut down. In 2000, private equity firms owned just 4 percent of U.S. companies. Today, they own 20 percent . One in five businesses are run by Wall Street suits who've never worked a day on Main Street. Even local businesses aren't local anymore. One-third are controlled by giant corporations. BlackRock, Vanguard, and State Street—the "Big Three" of Wall Street asset management—now are the largest shareholders for 88 percent of the S&P 500 . These companies own the buildings you live in, the companies you work for, even the stocks in your 401(k). They're not just buying businesses. They're buying power and control. When local businesses close, they take more than jobs with them—they take the heart of a community. We've all seen it happen. A beloved local diner or shop, where families gathered for years, gets bought by a chain. Prices go up, familiar faces disappear, and that warm, personal touch is replaced with something cold and corporate. What once felt like home is now just another corporate front. This is happening everywhere. When it does, we don't just lose businesses; we lose connection, pride, and control over our towns. Prices rise. Service gets worse. Jobs go away. Money leaves your town and flows to Wall Street. The tax code doesn't help. It rewards ownership, not work. Owners get breaks on cars, meals, and even health insurance. Workers, meanwhile, are taxed higher than billionaires. If you're not an owner, you're falling behind. This didn't happen overnight. After World War II, America started to change. Big companies grew bigger. Chain stores like Walmart and McDonald's replaced local shops. Wall Street created new ways to buy Main Street. By the 1970s, only 1 in 3 Americans worked for themselves. Today, it's less than 10 percent. Take my uncle Ed's plumbing business. For 30 years, he served his community and made a good living. But when he retired, no one could afford to buy it. His kids had corporate jobs. Local plumbers couldn't get loans. So the business closed. This same thing happens to thousands of businesses every month. They don't fail—they're bought out or simply vanish. Other countries are doing better at this. We're losing at the game of capitalism to many of our own allies. Most small businesses now make less than $50,000 a year. They can't compete with the giants. They're barely surviving. This turning point isn't happening in isolation—it's being driven by three major forces that are changing the way we live, work, and own: First is the Great Retirement: Every day, 10,000 Baby Boomers retire . About 800 of them own businesses. Most don't have anyone to take over. Their kids have corporate jobs. Local buyers can't get bank loans. So what happens? Some sell to Wall Street, but most of them simply shut down. By 2030, the nearly 2.3 million small businesses owned by Baby Boomers will close or change hands . That's $10 trillion worth of value. And 25 million jobs are at risk. Second is the Great Resignation: Workers want flexibility but haven't realized owning a business could provide it. Finally, the Great Corporatization: Companies like Amazon now control one-third of local businesses, turning communities into corporate clones. If these trends continue, the American Dream will become a distant memory. But it doesn't have to be this way. Wealth can be built in a number of different ways in this country—and it doesn't always have to be a startup. Buying a "boring business"—think laundromats, HVAC companies, or car washes—is an alternative path to wealth through ownership, and you don't need millions to do it. These are recession-proof, cash-flowing businesses and many sellers will finance the sale, letting you pay over time. These businesses are already running—unlike a startup. Simple updates like online booking or social media can double revenue for an already successful business. Take Brittany. During the coronavirus pandemic, she bought two struggling gyms for pennies on the dollar. She kept the existing members, added online classes, and cut unnecessary costs. In just one year, both gyms were thriving and generating steady profits. Then there's Chris. He started with a single plumbing business. After modernizing its operations, he reinvested the profits to buy a locksmith service. From there, he expanded into a construction company. Now, he runs a small empire of essential businesses, all built on the same formula: buy, improve, and grow. These aren't one-offs. They're proof of what's possible when you take ownership into your own hands. Anyone can start. Look for a business that fits your skills and lifestyle. If you love talking to people, try a service business. If you like working quietly, go for something like a laundromat or storage facility. Check websites like BizBuySell and BizScout, or ask local business owners who may be retiring soon. Do your homework: Look at the business's numbers. Check if it makes steady money. Make sure it has loyal customers. Avoid businesses that depend too much on the owner or one big client. Make a smart deal: You don't need to pay all cash. Many owners will let you pay over time using the business's profits. You can also use loans like SBA financing. Add value, starting with small fixes. Use technology to save time. Add new services or subscriptions to make more money. Focus on what customers love. Finally, build your freedom: Hire a great operator. Teach them to handle the day-to-day work. This gives you time to focus on growing the business—or enjoying the life you've built. The American Dream was never about working 40 years for someone else. It was about owning something real. Local businesses don't just create jobs. They keep money in the community. They provide better service. They build real wealth—not just for the owner, but for everyone. Every day, more local businesses close. More communities lose their character. More money flows to Wall Street. We're at a crossroads. Will we let corporations own everything? Or will we take back control? It's really up to us. Codie Sanchez is the founder of Contrarian Thinking and the author of " Main Street Millionaire ." She owns dozens of small businesses and helps everyday Americans achieve financial freedom through ownership. The views expressed in this article are the writer's own.
In a spirited end to the week, all three major U.S. stock indexes recorded notable gains, reflecting investor confidence in America's economic vitality. A November spike in business activity, fueled by anticipated pro-business policies under President-elect Donald Trump, saw the small-cap Russell 2000 outperform with a 1.7% hike, marking a weekly rise approaching 4%. Despite this upswing, Alphabet's shares fell 1.4% amid continued scrutiny from the U.S. Department of Justice on its search engine dominance, while Nvidia faced a 3.2% decline following mixed quarterly forecasts. In the broader market, an S&P 500 value index edged up 0.74% as investors shifted from tech-heavy growth stocks, reflecting a broader leadership transition in market strength. Investors remain watchful of Federal Reserve policy moves and geopolitical developments, particularly the Ukraine-Russia tensions. With a potential interest rate cut in December, market sentiment leans towards cautious optimism. Meanwhile, news from the corporate sector showed mixed reactions as Gap Inc soared by 11% on upbeat sales forecasts, whereas Intuit's forecasts led to a 5.3% drop. (With inputs from agencies.)Rio Tinto joins partnership to study low-carbon aluminum production in Finland