NoneNever make a big decision when you’re angry, hungry, or happy,” Ferdinand Marcos Sr. told Time Magazine in 1974. His son seems to have taken this to heart. It would have been well for the Vice President to take it to heart, too. Instead, she started a race. The winner of the race would be the one able to effectively deliver this message: “Don’t you dare!” If the Dutertes succeeded, it would’ve nipped in the bud efforts to defang and declaw them; failure to succeed would mean success for the Marcoses and Romualdezes. On Monday, it became clear who’d won the race. It was the President. The irony is that it was the Vice President who fired off the starting gun, so to speak; she did so, by forcing a change of pace on the President and his people: in what observers called a “meltdown,” the Veep declared that she’d made arrangements for the President, the First Lady, and the Speaker to be bumped off if she ended up bumped off. She emphasized this was no joke. She was acting true to form. In our infamously free-wheeling and sloppy political culture, the Marcos-Romualdez method for achieving political success is to play the long game, combining relentless pressure with overwhelming force while exercising strategic patience. In other words, the boa constrictor style of political operations. The Duterte style is shock and awe: explosive brinksmanship to intimidate opponents into backing down or backing off, zeroing in, when needed, on specific enemies to clobber in order to make an example of them. In other words, the silverback gorilla style of leadership. What’s been happening is shock and awe has been failing when confronted by the long squeeze. As their tried and tested methods have stopped working, they have started making political decisions in a blind fury, so that the Dutertes responded to provocations with wild abandon, repeatedly raising the ante regardless of whether they could actually survive having their bluff called. The former president tried to rally the cops, the police top brass was purged; he tried to summon people to the streets, no one came; his party was raided; his access to friendly broadcast facilities were cut off, his allies, as his clout diminished, found themselves in jail; all he had left was himself. The Vice President, like her father, ultimately decided to use herself as a human shield. In her father’s case, he had to do it, facing the Senate and then the House, because the police officers he’d used in the so-called “war on drugs” started to give evidence; in her case, she had to do it, because her own staff began to corroborate the paper trail carelessly left for the House and the Senate to follow. In the end, her former coalition partners-turned-enemies proved more daring. She couldn’t, though she tried, stare down the cops: force of will wasn’t enough; she could stare and shriek but it didn’t stop her staff being detained for contempt, and carted off from one place of detention to another. She herself had dared to refuse to testify under oath, only to have to relent and do so, in the end. To be sure, there were tears and sobbing, as her staff were taken away from her. Perhaps enough to tug at the heartstrings of the loyal. But the loyal stayed home. How could they do otherwise? The Veep is the daughter of the man who’d crowed he’d repudiated People Power and all it stood for: a brand of leadership that would do everything—even assume the moral burden of ordering liquidations—on the followers’ behalf. That would have been all right if the leader still had lieutenants, but without the presidency, neither a Veep nor an ex-prexy can stand up to an incumbent chief executive—not without the clergy, civil society, the media, the army, or business. The first three have lost their clout; the last two, much prefer the status quo. When the President, not following his own timing to be sure, but not about to cede the field after a direct challenge, either, laid down the law, the public immediately saw the difference: lawyers, lawmakers, law enforcers, soldiers, to name just a few, all took their cue from him and pronounced the Veep and ex-prexy guilty of going too far. In achieving restoration, the President figured out something the ex-president and the Veep still haven’t figured out: how to innovate and learn from past mistakes. Having never lost before, and never experienced being challenged and defeated, the Dutertes may lack what it takes to win. She became the latest Vice President to foolishly think receiving more votes—in a separate contest, against much less formidable foes—than the President, makes for a formidable rivalry. Against this generations-old delusion are generations-old political realities: Vice presidents are expected to cooperate with presidents; and the veep who breaks away, suffers in the judgmental eyes of public opinion. —————- Email: [email protected] ; Twitter: @mlq3 Subscribe to our daily newsletter By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy .
By Amy Tennery NEW YORK (Reuters) – The FBI has warned the NBA that many recent home burglaries targeting professional athletes and high net worth individuals may be connected to sophisticated, transnational theft rings, the league said in a memo obtained by Reuters on Friday. Two players in the NBA had their homes broken into in recent weeks, according to media reports, along with the NFL’s twice MVP Patrick Mahomes and his Kansas City Chiefs teammate Travis Kelce, who is dating pop superstar Taylor Swift. The memo, which the NBA directed to teams across the league, advised that players should install updated security systems and utilize protective guard services when they are away from home for extended periods of time. “NBA Security received a briefing from the Federal Bureau of Investigation (‘FBI’) that connected many of the home burglaries to transnational South American Theft Groups (‘SATGs’),” the memo read. “These SATGs are reportedly well-organized, sophisticated rings that incorporate advanced techniques and technologies, including pre-surveillance, drones, and signal jamming devices.” The FBI said that the homes that were broken into were all unoccupied and, in most cases, were equipped with alarm systems that had not been activated, according to the memo. The FBI did not immediately respond to a request for comment. The memo is similar in nature to a document that the NFL sent this week, in which the league advised players to ramp up home security. Around-the-clock media reports and team schedules make it easy to know when players are on the road for extended periods of time and the NFL urged players to exercise caution in what they post to social media. The NFL said that surveillance tactics included attempted home deliveries and individuals posing as joggers or home maintenance workers. (Reporting by Amy Tennery in New York, additional reporting by Sarah Lynch in Washington, D.C.) Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content. var ytflag = 0;var myListener = function() {document.removeEventListener('mousemove', myListener, false);lazyloadmyframes();};document.addEventListener('mousemove', myListener, false);window.addEventListener('scroll', function() {if (ytflag == 0) {lazyloadmyframes();ytflag = 1;}});function lazyloadmyframes() {var ytv = document.getElementsByClassName("klazyiframe");for (var i = 0; i < ytv.length; i++) {ytv[i].src = ytv[i].getAttribute('data-src');}} Save my name, email, and website in this browser for the next time I comment. Δ document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() );The Best AI Stock to Invest $500 in Right Now
NEW YORK , Dec. 17, 2024 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, announces it is investigating potential breaches of fiduciary duties by the directors and officers of Southwest Airlines Co. (NYSE: LUV) in connection with Southwest Airlines' information technology infrastructure impacting the Company's business, operations, and stock price. If you currently own shares of Southwest Airlines stock, please visit the firm's website at https://rosenlegal.com/submit-form/?case_id=10716 for more information. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at case@rosenlegal.com . Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm , on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/ . The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40 th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 case@rosenlegal.com www.rosenlegal.com View original content to download multimedia: https://www.prnewswire.com/news-releases/rosen-law-firm-announces-investigation-of-breaches-of-fiduciary-duties-by-the-directors-and-officers-of-southwest-airlines-co--luv-302334153.html SOURCE THE ROSEN LAW FIRM, P. A.Arkansas-Pine Bluff earns 120-61 victory over EcclesiaFormer PM Manmohan Singh death reactions LIVE: PM Modi, leaders pay tributeARLINGTON, Va., Dec. 12, 2024 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (Nasdaq: FLNC) (“Fluence” or the “Company”), a global market leader delivering intelligent energy storage, operational services, and asset optimization software, today announced the completion of the previously announced offering of $400.0 million aggregate principal amount of 2.25% convertible senior notes due 2030 (the “Notes”). Fluence also granted the initial purchasers of the Notes an option to purchase, for settlement within a period of 13 days from, and including, the date the Notes are first issued, up to an additional $50.0 million aggregate principal amount of the Notes. The Notes issued on December 12, 2024 include $50.0 million principal amount of Notes issued pursuant to the full exercise by the initial purchasers of their option to purchase additional Notes. The Notes will be senior, unsecured obligations of Fluence, will accrue interest payable semi-annually in arrears and will mature on June 15, 2030, unless earlier repurchased, redeemed or converted. On December 10, 2024, in connection with the pricing of the Notes, the Company entered into privately negotiated capped call transactions (the “base capped call transactions”) with one or more of the initial purchasers and/or their respective affiliates and/or other financial institutions (the “counterparties”). In addition, on December 11, 2024, in connection with the initial purchasers’ exercise of their option to purchase additional Notes, the Company entered into additional capped call transactions (the “additional capped call transactions” and, together with the base capped call transactions, (the “capped call transactions") with the counterparties. The capped call transactions cover, subject to customary adjustments, the number of shares of the Company’s Class A common stock that will initially underlie the Notes. The cap price of the capped call transactions represents a premium over the last reported sale price of the Company’s Class A common stock on the pricing date of the offering of the Notes. The capped call transactions are generally expected to offset the potential dilution to the Class A common stock and/or offset any cash payments the Company is required to make in excess of the principal amount of converted Notes, with such offset subject to a cap, as the case may be, as a result of any conversion of the Notes. In connection with establishing their initial hedge of these capped call transactions, the Company has been advised that the counterparties (i) may enter into various over-the-counter cash-settled derivative transactions with respect to the Class A common stock and/or purchase the Class A common stock in secondary market transactions concurrently with, or shortly after, the pricing of the Notes; and (ii) may enter into or unwind various over-the-counter derivatives and/or purchase the Class A common stock in secondary market transactions following the pricing of the Notes. These activities could have the effect of increasing or preventing a decline in the price of the Class A common stock concurrently with or following the pricing of the Notes and under certain circumstances, could affect the ability to convert the Notes. In addition, we expect that the counterparties may modify or unwind their hedge positions by entering into or unwinding various derivative transactions and/or purchasing or selling the Class A common stock or other securities of the Company in secondary market transactions following the pricing of the Notes and prior to maturity of the Notes (and are likely to do so (x) during any observation period related to a conversion of the Notes or following any redemption or fundamental change repurchase of the Notes, (y) following any other repurchase of the Notes if the Company unwinds a corresponding portion of the capped call transactions in connection with such repurchase and (z) if the Company otherwise unwinds all or a portion of the capped call transactions). The effect, if any, of these transactions and activities on the market price of the Class A common stock or the Notes will depend in part on market conditions and cannot be ascertained at this time, but any of these activities could adversely affect the value of the Class A common stock and the value of the Notes, and potentially the value of the consideration that a noteholder will receive upon the conversion of the Notes and could affect a noteholder’s ability to convert the Notes. Fluence used a portion of the net proceeds from the offering to fund the cost of entering into the capped call transactions. Fluence intends to transfer the remaining net proceeds of the offering directly to purchase an intercompany subordinated convertible promissory note issued by Fluence Energy, LLC, the proceeds of which Fluence Energy, LLC intends to use for working capital needs, upgrading one of its battery cell production lines from 305 amp hour cells to 530 amp hour cells, and general corporate purposes. The offer and sale of the Notes and any shares of Class A common stock issuable upon conversion of the Notes have not been, and will not, be registered under the Securities Act or any other securities laws, and the Notes and any such shares cannot be offered or sold except to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration provided by Rule 144A under the Securities Act. This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, the Notes or any shares of Class A common stock issuable upon conversion of the Notes, nor shall there be any sale of the Notes or any such shares, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers of the Notes will be made only by means of a private offering memorandum. About Fluence: Fluence Energy, Inc. (Nasdaq: FLNC) is a global market leader delivering intelligent energy storage and optimization software for renewables and storage. The Company’s solutions and operational services are helping to create a more resilient grid and unlock the full potential of renewable portfolios. With gigawatts of projects successfully contracted, deployed and under management across nearly 50 markets, the Company is transforming the way we power our world for a more sustainable future. Cautionary Note Regarding Forward-Looking Statements The statements contained in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In particular, statements regarding the consummation of the offering of the Notes, the consummation of the capped calls transactions, our future results of operations and financial position, operational performance, anticipated growth and business strategy, future revenue recognition and estimated revenues, future capital expenditures and debt service obligations, projected costs, prospects, plans, and objectives of management for future operations, including, among others, statements regarding expected growth and demand for our energy storage solutions, services, and digital application offerings, relationships with new and existing customers and suppliers, introduction of new energy storage solutions, services, and digital application offerings and adoption of such offerings by customers, assumptions relating to the Company’s tax receivable agreement, expectations relating to backlog, pipeline, and contracted backlog, current expectations relating to legal proceedings, and anticipated impact and benefits from the Inflation Reduction Act of 2022 and related domestic content guidelines on us and our customers as well as any other proposed or recently enacted legislation, are forward-looking statements. In some cases, you may identify forward-looking statements by terms such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “seeks,” “intends,” “targets,” “projects,” “contemplates,” “grows,” “believes,” “estimates,” “predicts,” “potential”, “commits”, or “continue” or the negative of these terms or other similar expressions. Accordingly, we caution you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, and uncertainties that are difficult to predict. Among those risks and uncertainties are market conditions and the consummation of the offering of the Notes and the consummation of the capped calls transactions. Although we believe that the expectations reflected in these forward-looking statements are reasonable as of the date made, actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. These forward-looking statements are subject to a number of important factors that could cause actual results to differ materially from those in the forward-looking statements, including, but not limited to, our relatively limited operating and revenue history as an independent entity and the nascent clean energy industry; anticipated increasing expenses in the future and our ability to maintain prolonged profitability; fluctuations of our order intake and results of operations across fiscal periods; potential difficulties in maintaining manufacturing capacity and establishing expected mass manufacturing capacity in the future; risks relating to delays, disruptions, and quality control problems in our manufacturing operations; risks relating to quality and quantity of components provided by suppliers; risks relating to our status as a relatively low-volume purchaser as well as from supplier concentration and limited supplier capacity; risks relating to operating as a global company with a global supply chain; changes in the cost and availability of raw materials and underlying components; failure by manufacturers, vendors, and suppliers to use ethical business practices and comply with applicable laws and regulations; significant reduction in pricing or order volume or loss of one or more of our significant customers or their inability to perform under their contracts; risks relating to competition for our offerings and our ability to attract new customers and retain existing customers; ability to maintain and enhance our reputation and brand recognition; ability to effectively manage our recent and future growth and expansion of our business and operations; our growth depends in part on the success of our relationships with third parties; ability to attract and retain highly qualified personnel; risks associated with engineering and construction, utility interconnection, commissioning and installation of our energy storage solutions and products, cost overruns, and delays; risks relating to lengthy sales and installation cycle for our energy storage solutions; risks related to defects, errors, vulnerabilities and/or bugs in our products and technology; risks relating to estimation uncertainty related to our product warranties; fluctuations in currency exchange rates; risks related to our current and planned foreign operations; amounts included in our pipeline and contracted backlog may not result in actual revenue or translate into profits; risks related to acquisitions we have made or that we may pursue; events and incidents relating to storage, delivery, installation, operation, maintenance and shutdowns of our products; risks relating to our impacts to our customer relationships due to events and incidents during the project lifecycle of an energy storage solution; actual or threatened health epidemics, pandemics or similar public health threats; ability to obtain financial assurances for our projects; risks relating to whether renewable energy technologies are suitable for widespread adoption or if sufficient demand for our offerings do not develop or takes longer to develop than we anticipate; estimates on size of our total addressable market; barriers arising from current electric utility industry policies and regulations and any subsequent changes; risks relating to the cost of electricity available from alternative sources; macroeconomic uncertainty and market conditions; risk relating to interest rates or a reduction in the availability of tax equity or project debt capital in the global financial markets and corresponding effects on customers’ ability to finance energy storage systems and demand for our energy storage solutions; reduction, elimination, or expiration of government incentives or regulations regarding renewable energy; decline in public acceptance of renewable energy, or delay, prevent, or increase in the cost of customer projects; severe weather events; increased attention to ESG matters; restrictions set forth in our current credit agreement and future debt agreements; uncertain ability to raise additional capital to execute on business opportunities; ability to obtain, maintain and enforce proper protection for our intellectual property, including our technology; threat of lawsuits by third parties alleging intellectual property violations; adequate protection for our trademarks and trade names; ability to enforce our intellectual property rights; risks relating to our patent portfolio; ability to effectively protect data integrity of our technology infrastructure and other business systems; use of open-source software; failure to comply with third party license or technology agreements; inability to license rights to use technologies on reasonable terms; risks relating to compromises, interruptions, or shutdowns of our systems; changes in the global trade environment; potential changes in tax laws or regulations; risks relating to environmental, health, and safety laws and potential obligations, liabilities and costs thereunder; failure to comply with data privacy and data security laws, regulations and industry standards; risks relating to potential future legal proceedings, regulatory disputes, and governmental inquiries; risks related to ownership of our Class A common stock; risks related to us being a “controlled company” within the meaning of the NASDAQ rules; risks relating to the terms of our amended and restated certificate of incorporation and amended and restated bylaws; risks relating to our relationship with our Founders and Continuing Equity Owners; risks relating to conflicts of interest by our officers and directors due to positions with Continuing Equity Owners; risks related to short-seller activists; we depend on distributions from Fluence Energy, LLC to pay our taxes and expenses and Fluence Energy, LLC’s ability to make such distributions may be limited or restricted in certain scenarios; risks arising out of the Tax Receivable Agreement; unanticipated changes in effective tax rates or adverse outcomes resulting from examination of tax returns; risks relating to improper and ineffective internal control over reporting to comply with Sarbanes-Oxley Act; risks relating to changes in accounting principles or their applicability to us; risks relating to estimates or judgments relating to our critical accounting policies; and the factors described under the headings Part I, Item 1A. “Risk Factors” and Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the fiscal year ended September 30, 2024. If one or more events related to these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, actual results may differ materially from what we anticipate. Many of the important factors that will determine these results are beyond our ability to control or predict. Accordingly, you should not place undue reliance on any such forward-looking statements. We qualify all forward-looking statements contained in this press release by these cautionary statements. Any forward-looking statement speaks only as of the date on which it is made, and, except as otherwise required by law, we do not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. New factors emerge from time to time, and it is not possible for us to predict which will arise. In addition, we cannot assess the impact of each factor on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Contacts: Analyst Lexington May, Vice President, Finance & Investor Relations +1 713-909-5629 Email: InvestorRelations@fluenceenergy.com Media Email: media.na@fluenceenergy.com
An on-field interaction between a UW-Madison Police officer and a Nebraska football assistant coach after Saturday's game was a "misunderstanding" that ended in an apology, a police spokesperson said. Lt. Adam Boardman, one of the UWPD officers escorting University of Wisconsin coach Luke Fickell to the locker room amid fans rushing the field after a 44-25 Huskers victory, turned away to grab Nebraska offensive line coach Donovan Raiola by the arm, video posted to social media showed. That followed an apparent exchange of words between Raiola and Fickell and Badgers assistant offensive line coach Casey Rabach, who were walking in opposite directions. The context of the discussion wasn't apparent from the video, but Fickell and Raiola both pointed at the other, and Rabach later pointed at Raiola. People are also reading... Rest assured, Nebraska volleyball fans: The missing fan behind the servers will be back Saturday Matt Rhule, Luke Fickell both downplay postgame encounter between Fickell, Donovan Raiola Arrest made in 55-year-old cold case of Nebraska teen stabbed to death 'Bocephus' is back: Hank Williams Jr. to play Lincoln arena Friday Signing Day: Meet Nebraska volleyball's five-player 2025 class Amie Just: Bring out the tissues — and the brooms — for Nebraska volleyball's emotional win Cover Five: With pressure rising, Matt Rhule delivers Nebraska a bowl bid in Year 2 Wind-aided fire destroys vacant Village Inn in Lincoln Sound waves: What others are saying about Nebraska's win against Wisconsin Nebraska GOP to seek hard-right social policies in 2025 legislative session UNO freezes funds for LGBTQ+, multicultural, other student groups after audit Amie Just: Ahead of milestone birthday, local sports figures give advice on turning 30 Mountain lion spotted on trail camera east of Bennet, Sheriff's Office says As Nebraska's Democratic Party shrinks, some former party officials call for change Matt Rhule reacts to no-call at end of Nebraska-USC game: "I don’t know what else to say" Boardman and Raiola talked for about 15 seconds after Boardman pried Raiola away from a hug with Nebraska running backs coach EJ Barthel. UWPD spokesperson Marc Lovicott said it was a "misunderstanding amid a pretty chaotic scene." He said Boardman made contact with an "unknown individual who had approached" Badgers coaches as they were leaving the field. "Once it was confirmed that the individual was a member of the Nebraska coaching staff, the UWPD officer apologized for the misunderstanding," Lovicott wrote in an email Tuesday. "The interaction concluded cordially with a handshake." Lovicott said UW Police has made contact with counterparts at Nebraska "and they're also considering it a misunderstanding." Raiola played for Wisconsin from 2002 to 2005. "I don't want speculate without knowing, obviously Donny went to Wisconsin, so I don't know if there was some history there with somebody or something," said Nebraska coach Matt Rhule, who said he was shown video of the incident Monday. "When I asked Donny about it, he was like, 'No big deal.' Things happen after games and people are emotional, but he seemed to kinda brush it off." Fickell said he didn't know much about the interaction when he was asked about it at his weekly news conference Monday. "I mean, I don't know if he was talking to Casey, somebody said something, I don't know," Fickell said. "I just said it looked like maybe he said something to me, but I had no idea. And I had no idea that that was even something. So if it was, I didn't spend a whole lot of time thinking about it." — Lincoln Journal Star reporter Luke Mullin contributed to this report.Quanex Building Products Declares Quarterly Dividend