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Intelligence blended with wisdom needed to face challenges of changing world: Vice-Chancellor of Rani Channamma UniversityWeird robot dogs for future wars and more are showing up with guns, rocket launchers, and even flamethrowers

NoneAngela Rayner will press ahead with plans to prioritise for housebuilding an area of the green belt bigger than Surrey, insisting there is no alternative to large-scale development in the countryside around big cities. The deputy prime minister is expected to set out an expanded definition of “low quality” green belt on Thursday that experts say will result in about 100,000 homes a year being built on previously protected land. Conservation campaigners warned of “the worst sprawl since the 1950s” as they criticised ministers for moving far beyond their original plan to build on disused petrol stations and other “ugly” parts of the green belt . Sir Keir Starmer, however, has vowed to take on “blockers” stalling housebuilding and infrastructure by overhauling “ruinous” planning rules,Dar condemns PTI’s timing of protests during international visits

Super Micro Computer ( SMCI 11.62% ) shareholders have been through a whirlwind lately. While the stock is up 1,480% in the last two years, it has also fallen over 70% from its record high in the last eight months. As one of Nvidia 's largest partners, the server maker should benefit as demand for artificial intelligence (AI) infrastructure increases, but Supermicro has also been accused of accounting manipulation. Among the 12 analysts who follow the company, the median 12-month price target of $30.50 per share implies an 8% downside from its current share price of $33. That means six analysts think the stock will fall more than 8% in the next year. Additionally, 19 analysts followed Supermicro three months ago, meaning seven have recently discontinued coverage. Wall Street is clearly shying away from the company. Here are the important details. The bull case: Supermicro is a leading supplier of AI servers Super Micro Computer builds servers, including full server racks equipped with storage and networking that provide customers with a turnkey solution for data center infrastructure. Its internal manufacturing capabilities and "building block" approach to product development let it bring new technologies to market more quickly than its competitors, often by two to six months. Indeed, earlier this year, Rosenblatt analyst Hans Mosesmann wrote, "Super Micro has developed a model that is very, very quick to market. They usually have the widest portfolio of products when a new product comes out." Those advantages have helped Supermicro secure a leadership position in AI servers, a market forecast to grow at 30% annually through 2033, according to Statista. Importantly, Supermicro is also the top supplier of direct liquid cooling (DLC) systems, which could help the company strengthen its position in AI servers. DLC systems reduce data center power consumption by 40% and occupy 80% less space than traditional air-cooled systems. AI servers generate more heat than general-purpose servers, so demand for DLC systems is expected to rise quickly. Indeed, while less than 1% of data centers have historically used liquid cooling, Supermicro estimates 15% (and maybe as many as 30%) of new data center installations will use liquid cooling in the next two years, and the company says it is positioned to "capture the majority share of that growth." The bear case: Supermicro is beset by problems As mentioned, while Supermicro shares are up 1,480% in the last two years, the stock has also nosedived more than 70% from its record high in the last eight months. Below is a month-by-month timeline detailing the events that led to that rapid decline in value. August 2024: Short-seller Hindenburg Research published a report accusing Supermicro of accounting violations, including improper revenue recognition, undisclosed related party transactions, and sanctions evasion. Subsequently, Supermicro delayed filing its Form 10-K for fiscal 2024 , but CEO Charles Liang said the Hindenburg report contained "false or inaccurate statements." September 2024: The Wall Street Journal reported that Supermicro was being probed by the Justice Department after a former employee filed a lawsuit accusing the company of accounting violations, some of which were mentioned in the Hindenburg report. Supermicro also got a letter of noncompliance from the Nasdaq Exchange , saying it had 60 days to file its 10-K or submit a plan to restore compliance. October 2024: Supermicro's auditor, Ernst & Young, resigned. "We are resigning due to information that has recently come to our attention which has led us to no longer be able to rely on management's and the Audit Committee's representations," the company wrote in its resignation letter. Ernst & Young also said it was "unwilling to be associated with the financial statements prepared by management." November 2024: Supermicro delayed its Form 10-Q for the first quarter of fiscal 2025. But the company hired BDO as its new auditor and submitted a compliance plan to Nasdaq before the deadline, saying it would become current with its filings in a timely manner. Now, the Nasdaq must either approve or reject that plan. The situation is even more complicated than what I've just described because Supermicro was accused of similar accounting violations in the past. At that time, the company filed its Form 10-K for fiscal 2017 almost two years late and was fined $17.5 million by the Securities and Exchange Commission (SEC) . Supermicro was also delisted from the Nasdaq Exchange for about 18 months, though shares advanced 73% during that period anyway. Investors should avoid Supermicro stock right now Supermicro shares could soar if the wrongdoings outlined by Hindenburg are found to be inaccurate and then nothing comes of the Justice Department probe. But investors should be at least a little skeptical, given that the SEC has fined the company for similar violations in the past, and Hindenburg says Supermicro has rehired three senior employees involved in the previous scandal. In that context, I think prospective investors should avoid this stock right now. There are simply too many unknowns to make an educated decision, which probably explains why seven out of 19 Wall Street analysts discontinued coverage during the last three months. It may also explain why the remaining 12 analysts have set the stock with a median price target that implies an 8% downside.

Chennai, Nov 24 (PTI) The AIADMK in Tamil Nadu on Sunday celebrated the birth centenary of former Chief Minister Janaki Ramachandran, wife of late party founder M G Ramachandran, here. Janaki was the first woman chief minister of Tamil Nadu, who headed the state briefly in January 1988 after the death of her husband and then CM Ramachandran, popularly addressed as MGR. AIADMK general secretary Edappadi K Palaniswami led the celebrations at a marriage hall in the city. Besides Palaniswami, scores of leaders and celebrities, including actor Rajinikanth and DMDK general secretary Premalatha Vijayakant paid rich tributes to the late Janaki. Palaniswami and Rajinikanth hailed Janaki for her efforts in uniting the party, which suffered a split post MGR's death in December 1987. A yesteryear actor, Janaki Ramachandran was sworn-in as CM of the state following MGR's death, even as the party had split into two factions. The respective factions were headed by Janaki and late CM J Jayalalithaa. However, in 1989, she buried her differences with Jayalalithaa and handed over the AIADMK's leadership to her. Recalling this episode, Rajinkanth in a video message played out at the venue said Janaki told Jayalalithaa that she was the one capable of taking forward the AIADMK and handed over the party to her and later kept away from politics. In his address, Palaniswami recalled the life and times of Janaki, pointing out that she had paired opposite Ramachandran in films including 'Marutha Nattu Ilavarasi.' She stood by her husband through different phases of life, including when he was shot at and injured by late actor M R Radha. The building housing the AIADMK headquarters, 'MGR Maaligai,' was donated by Janaki, he said. Though the party split after Ramachandran's death, and its popular Two Leaves symbol frozen, Janaki later reached out to Jayalalithaa, he said. "Janaki knew to whom the party should be handed over and did it accordingly and Amma (Jayalalithaa) had the capability," to lead the AIADMK, the former CM said. Stressing on the importance of the Two Leaves symbol, he said while the party suffered electoral failure post the split in its absence, it, however, bounced back with two by-poll wins later, after securing it even while being in the opposition. He said both MGR and Jayalalithaa faced many challenges from the then ruling DMK in leading the party but later took the AIADMK to ruling saddle with "massive public support," and that the party has cumulatively ruled Tamil Nadu for 31 years. Referring to the criticism about party's recent electoral defeats, he asked if the DMK did not go through a similar phase in 10 years, referring to the 2011-21 period when the AIADMK was in power. In fact, DMK had won only two seats in 1991 but came to power five years later, he pointed out. Palaniswami exuded confidence his party will emerge victorious in the next general elections, due in 2026 and urged his party workers to take forward the legacy of MGR and Jayalalithaa and do effective public service. Taking a dig at the ruling DMK, Palaniswami, the Leader of Opposition, dubbed it as a "family party." "It is (M) Karunanidhi's family party. Only that family members can become party chief and come to power. But in AIADMK, whoever works hard, is loyal to the party, any such person can become general secretary, MLA, minister and even chief minister," he said. He also asserted no effort to break the AIADMK will fructify. (This story has not been edited by THE WEEK and is auto-generated from PTI)Hallmark Reversible Christmas Wrapping Paper (3 Rolls: 120 sq. ft. ttl) Merry Holidays, Now 15% OffNicaragua tortured at least 229 political prisoners, rights group says

( MENAFN - Jordan Times) Dr. Jafar Hassan's Cabinet has inherited a heavy financial burden represented by the public debt crisis. Today, the Jordanian Economy is at a critical turning point, with public debt reaching approximately JD42 billion, according to reports from the Ministry of Finance. At the same time, the government aims to boost economic growth and increase job opportunities, in line with the Economic Modernisation Vision (EMV). This phase presents a significant challenge to transition the economy from slow growth to a sustainable growth model. The rising public debt is one of the biggest challenges facing Jordan's economy for several reasons. A large portion of government revenues is allocated to servicing the debt and limiting the ability to finance high-impact development projects. In 2024, the interest on public debt exceeded JD2.9 billion, inherited from the previous government. This reduced spending on education, healthcare, infrastructure, and most initiatives of the EMV. The government is fully aware of reality, and is consequently working on improving public financial management and increasing local revenues within a tight fiscal space. In addition to expanding economic activities and increasing total revenues, there are two key indicators to assess performance in ensuring public debt sustainability. First, the economic growth rate should be greater than the growth rate of public debt, and secondly the nominal growth of GDP should exceed the nominal interest rate on borrowing. Therefore, the focus should be on strategies to increase revenues, boost GDP growth to outpace the growth of debt, and secure borrowing at the lowest possible interest rates. To address these challenges, the government announced a series of reforms to enhance revenue collection and increase the contribution of productive sectors to the economy. These reforms include tax settlements, customs fees, exemptions for real estate registration and vehicle licensing, and some exemptions on service exports. International organisations, such as the World Bank, project that Jordan's economy will grow by 2.5 per cent in 2025, supported by structural reforms and improvements in the business environment. These expectations are driven by new investment projects, with approximately JD1.6 billion allocated in next year's budget to sectors like renewable energy and technology. Tourism and industry remain key pillars for stimulating economic growth under the EMV, which the government is keen to implement effectively. By investing in technology and renewable energy, Jordan can diversify its income sources and increase these sectors' contribution to GDP. The government also plans to gradually reduce the budget deficit from 5.4 per cent of GDP in 2024 to about 4.8 per cent in 2025. However, success depends on Jordan's ability to implement effective reform policies to tackle deep-rooted challenges such as unemployment, which remains high at 21.4 per cent. To achieve financial sustainability, Jordan must adopt long-term strategies to enhance productivity and diversify the economy. These strategies include boosting exports, developing manufacturing industries, and focusing on innovation and technology. The government and private sector must work together to create a stable and sustainable economic environment that ensures citizens' well-being and economic performance. While public debt poses a significant challenge, ongoing reforms and the potential of local sectors offer hope for sustainable economic transformation. Jordan has long-term strategies under the EMV that focus on increasing productivity, attracting investments, and developing vital sectors such as tourism and industry. Success in achieving this transformation requires joint efforts between the government and private sector to build a resilient economy that ensures financial sustainability and lasting prosperity for Jordanians. Raad Mahmoud Al-Tal is the current chairman of the Economics Department at the University of Jordan. He holds a PhD in economics from the University of Aberdeen in the United Kingdom and specializes in macroeconomic and monetary economics and economic modeling. MENAFN21122024000028011005ID1109019817 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

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Australian star Steve Smith has admitted he reflected on critics questioning whether his eyes and reflexes were fading by stepping forward and moving closer to the bowler. He believed batting out of his crease takes the game to the bowler but also makes it harder for him to be trapped lbw. “You’ve got to have faith, I was hitting the ball really nicely and people were saying “Is he too old? Are his eyes going?” So I thought I would go out of my crease and make my impact point closer to the bowler, so it all comes a bit quicker,” Smith told Fox Sports this morning. “I think my eyes are still there which is nice. For me, it is about keeping the faith and knowing that I’m hitting the ball well. There is a difference between being out of form and out of runs - I was just out of runs and I’ve played long enough to know that things can turn around quickly.” There could be a hint of rain later today but, otherwise, looks to be a brilliant day for cricket. Ricky Ponting has had this to say on Seven about Virat Kohli turning back to address hecklers after his dismissal at the MCG on day two. Click here to read more about Kohli’s struggles. Virat Kohli came close to an angry confrontation with the crowd after he was involved in a calamitous run out in which veteran spinner Nathan Lyon later pinned him as the guilty party. Kohli was almost out of sight from the crowd in the players’ race after his dismissal before he returned to glare at hecklers. An ICC official then placed a consolatory arm around his shoulder and shepherded him down the race. It is not clear from the video of the incident that surfaced on social media on Friday night what sparked Kohli’s backturn, and though boos were clearly audible, no racial or personal abuse could be heard. Cricket Australia and the Melbourne Cricket Club had not received a complaint from the Board of Control for Cricket in India at the time of publication. The BCCI have been contacted for comment. Click here to read the story. G’day everyone. I’m Roy Ward and welcome to our Boxing Day Test live blog. We are at day three of this match and it really feels like both this match and this series are both on the line today as Australia tries to bowl out India and the tourists aim for a mid-innings recovery after falling to 5-164 at stumps yesterday. India trails by 310 runs and have the dangerous Rishbah Pant and Ravindra Jadeja at the crease, both are capable of posting big scores. Scott Boland, Pat Cummins and the rest of the Australian attack will aim to break this partnership up early and then power through the tail. Play begins at 10.30am AEDT. Enjoy the hours to come.

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