Former Edo State Governor, Godwin Obaseki has claimed that the independent analysis by the Athena Centre for Policy and Leadership of the Edo State governorship election has thrown Governor Monday Okpebholo into a frenzy. Recall that Osita Chidoka, the founder of the Centre, had claimed that the governorship election results shouldn’t have stood. Chidoka, who presented the Athena Centre’s findings on the Edo State election on Channels Television’s Politics Today, stated that there was substantial evidence of systemic rigging . But in a statement to Naija News on Saturday, Okpebholo’s Chief Press Secretary, Fred Itua, said in a well-orchestrated plot hatched by the PDP, in connivance with Chidoka, tried to bully and blackmail the judiciary into circumventing the will of Edo people. He said the shameful display on Channels Television’s Politics Today reeled out numbers purchased from ‘Oluwole market,’ and impetuously concluded that the 21st September governorship election in Edo State was rigged. In a swift reaction to Okpebholo’s comments, Obaseki’s Media Adviser, Crusoe Osagie, in a statement to Naija News , said the program on Channels TV showed overwhelming evidence and data exposing the systemic rigging and brazen subversion of the people’s will during the September 21 governorship election. According to the former governor’s aide, the show must have been a difficult 30 minutes for even the most vile criminal. He said the analysis revealed a widespread manipulation and substantial interference in the electoral process by the umpire, noting that the APC who is party to the robbery would rather the findings be dismissed, distorted, or buried under a barrage of propaganda and baseless accusations. His statement read: “ The independent analysis by the Athena Centre for Policy and Leadership, a non-partisan research institute, of the sham of an election that installed Monday Okpebholo as governor of Edo State clearly threw the governor-select and his godfathers into a frenzy yesterday. “Channels TV, in their show, Politics Today, had the mindless and unprecedented transgressions of the Independent National Electoral Commission (INEC) and their conspirators, the Edo All Progressives Congress (APC) laid bare. The show must have been a difficult 30 minutes for even the most vile criminal. “Taunted by overwhelming evidence and data exposing the systemic rigging and brazen subversion of the people’s will during the September 21 governorship election, the APC, rather than covering their faces in shame, resorted to smear campaign, lies and propaganda, in a last-ditch effort to distract from the daylight robbery, and undermine the integrity of revered institutions advocating for the judiciary to right the wrong of the electoral umpire and their conspirators. “The independent analysis broadcast yesterday is the outcome of a forensic examination of data and documents made available to the research institute by the Independent National Electoral Commission (INEC). It revealed a widespread manipulation and substantial interference in the electoral process by the umpire. But the APC who is party to the robbery would rather the findings be dismissed, distorted, or buried under a barrage of propaganda and baseless accusations. “Among other things, the centre uncovered shocking discrepancies in the election results, showing that INEC inflated the number of accredited voters by over 100,000 in 798 polling units. They also discovered that polling officers recorded 580,000 accredited voters, yet INEC’s backend mysteriously produced 687,000, which further buttressed the evidence that it deliberately tampered with the election. “There were also glaring inconsistencies between INEC’s certified results and the data uploaded to its Result Viewing Portal (IReV). Specifically, the forensic analysis revealed that results of the Peoples Democratic Party (PDP) were slashed by 11,665 votes during collation, while 32,284 votes were illegally added to APC’s tally, showing the brazen manipulation and fraud perpetrated against the people of Edo State during the last governorship election. “Unsurprisingly, as a party of electoral fraudsters, the APC would prefer that this fraud on a massive scale is upheld and normalized, seeking desperately to silence voices of dissent and attacking any institution or individual who dares to speak out against this barefaced theft of the people’s mandate. “In their desperate quest for power at all costs, the APC has continued to undermine democratic processes, distort the truth, and manipulate the system to have a grip on power. This shows what the APC really represents – a party that values personal and political gain over the interest and will of the people, willing to subvert justice and erode the very foundations of democracy to achieve their selfish objectives. “While we sympathize with the APC over their trauma from the public exposure of their electoral fraud in Edo State by the Athena Centre, we want to restate that we will not be distracted in our resolve to reclaim the mandate duly given by the good people of Edo State. We trust in the impartiality of the judiciary and are confident that they will rise above the distractions and intimidation tactics of the APC, ensuring that justice is served and the will of the people prevails.”From their initial public offering in November 2015 to their all-time high in August 2021, shares of Block ( SQ -0.26% ) have skyrocketed an impressive 2,060%. That gain easily trounced the broader indexes. Since then, the market has adopted a more subdued perspective on this fintech stock , as well as other once high-flying growth enterprises. As a result, shares trade 68% off that peak from more than three years ago. You might be considering buying Block on the dip. Could this move set you up for life? Block still has growth potential Block registered tremendous growth over the years by attacking large end markets. For example, the leadership team estimates the total addressable market for Cash App to be $75 billion, while for Square it believes it's $130 billion (both on a gross profit basis). Given that Block generated an annualized gross profit of $9 billion in the third quarter (ended Sept. 30), there is a huge expansionary runway to target. A key part of the strategy has been to introduce new features to customers. Recently, Square started offering AI tools to help merchants quickly upload data and onboard. For Cash App, the plan is to integrate buy now, pay later service Afterpay directly to Cash App debit cards. It's all about finding ways to boost user engagement, which can lead to more revenue and gross profit for Block. Further tapping foreign markets also adds upside. During the latest quarter, just 18% of the Square segment's gross payment volume came from outside the U.S., leaving plenty of room to diversify geographic reach. Block is getting financially fit Throughout its history, Block's main goal has been to grow as quickly as possible, by creating new products and services and marketing to attract new customers. The market seems to always love a good growth story. However, Block is adopting a different approach nowadays, something shareholders should appreciate. The business is trying to control costs and drive greater operational efficiencies. One way it has done this is by capping its employee headcount at 12,000 people. The result is better bottom-line performance. After generating $351 million of adjusted operating income in 2023, management now expects to report almost $1.6 billion for this year, translating to a monster 344% year-over-year jump. "We've driven performance in 2024 by focusing our strategies and by operating with expense discipline across personnel, structural costs, and corporate overhead costs," CFO Amrita Ahuja said on the Q3 2024 earnings call . When they start to reach scale, software and payments enterprises should be able to produce outsize profits. This trend is starting to come alive with Block. The hope, of course, is that the company can keep growing its earnings base, while at the same time achieving robust top-line growth. Investor outlook for Block Block has certainly made a name for itself in the financial services industry, with a relentless focus on catering to both merchants and consumers. It continues to see strong growth prospects. And the management team has made it a priority to achieve better profitability. This is exactly what shareholders want to see from the businesses that they own. But can Block set investors up for life? In my view, setting investors up for life means that a stock can put up outsize investment gains for a very long time. That's a very hard outcome to predict with any level of certainty ahead of time, as it requires foresight about what the economy and new technologies will look like decades from now. This seems like an impossible task. Even without the ability to know if a stock can set you up for life, Block still looks like a smart investment to make. Shares trade at a current price-to-sales ratio that represents a sizable 57% discount to their historical average. Long-term investors should take advantage of this buying opportunity.
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CONWAY, S.C. (AP) — Jestin Porter had 26 points in Middle Tennessee's 95-88 win over South Florida on Friday. Porter shot 9 for 12 (4 for 6 from 3-point range) and 4 of 4 from the free-throw line for the Blue Raiders (5-1). Essam Mostafa scored 20 points and added 10 rebounds. Kamari Lands shot 6 for 12, including 4 for 8 from beyond the arc to finish with 17 points. The Bulls (3-3) were led in scoring by Jayden Reid, who finished with 18 points, four assists and three steals. Jamille Reynolds added 17 points and nine rebounds for South Florida. Kasen Jennings finished with 13 points. Middle Tennessee led 51-33 at halftime, with Porter racking up 14 points. Mostafa led the way with a team-high 14 second-half points. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .Joe Rogan accused of spreading 'Russian propaganda' by Ukrainian legend Wladimir Klitschko over 'WW3' claimsNDA’s Maharashtra victory is historic: Kumaraswamy
Judge denies Musk $56 billion Tesla compensation packageHOUSTON (AP) — An elaborate parody appears to be behind an effort to resurrect Enron, the Houston-based energy company that exemplified the worst in American corporate fraud and greed after it went bankrupt in 2001. If its return is comedic, some former employees who lost everything in Enron’s collapse aren’t laughing. “It’s a pretty sick joke and it disparages the people that did work there. And why would you want to even bring it back up again?” said former Enron employee Diana Peters, who represented workers in the company’s bankruptcy proceedings. Here’s what to know about the history of Enron and the purported effort to bring it back. Once the nation’s seventh-largest company, Enron filed for bankruptcy protection on Dec. 2, 2001, after years of accounting tricks could no longer hide billions of dollars in debt or make failing ventures appear profitable. The energy company's collapse put more than 5,000 people out of work, wiped out more than $2 billion in employee pensions and rendered $60 billion in Enron stock worthless. Its aftershocks were felt throughout the energy sector. Twenty-four Enron executives , including former CEO Jeffrey Skilling , were eventually convicted for their roles in the fraud. Enron founder Ken Lay’s convictions were vacated after he died of heart disease following his 2006 trial. On Monday — the 23rd anniversary of the bankruptcy filing — a company representing itself as Enron announced in a news release that it was relaunching as a “company dedicated to solving the global energy crisis.” It also posted a video on social media, advertised on at least one Houston billboard and a took out a full-page ad in the Houston Chronicle In the minute-long video that was full of generic corporate jargon, the company talks about “growth” and “rebirth.” It ends with the words, “We’re back. Can we talk?” Enron's new website features a company store, where various items featuring the brand's tilted “E” logo are for sale, including a $118 hoodie. In an email, company spokesperson Will Chabot said the new Enron was not doing any interviews yet, but that "We’ll have more to share soon.” Signs point to the comeback being a joke. In the “terms of use and conditions of sale” on the company's website, it says “the information on the website about Enron is First Amendment protected parody, represents performance art, and is for entertainment purposes only.” Documents filed with the U.S. Patent and Trademark Office show that College Company, an Arkansas-based LLC, owns the Enron trademark. The co-founder of College Company is Connor Gaydos, who helped create a joke conspiracy theory that claims all birds are actually surveillance drones for the government. Peters said that since learning about the “relaunch” of Enron, she has spoken with several other former employees and they are also upset by it. She said the apparent stunt was “in poor taste.” “If it’s a joke, it’s rude, extremely rude. And I hope that they realize it and apologize to all of the Enron employees,” Peters said. Peters, who is 74 years old, said she is still working in information technology because “I lost everything in Enron, and so my Social Security doesn’t always take care of things I need done.” “Enron’s downfall taught us critical lessons about corporate ethics, accountability, and the consequences of unchecked ambition. Enron’s legacy was the employees in the trenches. Leave Enron buried,” she said. This story was corrected to fix the spelling of Ken Lay’s first name, which had been misspelled “Key.” Follow Juan A. Lozano on X at https://x.com/juanlozano70 Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.