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DALLAS — Scott Turner, President-elect Donald Trump choice to lead the Department of Housing and Urban Development , is a former NFL player who ran the White House Opportunity and Revitalization Council during Trump’s first term. Turner, 52, is the first Black person selected to be a member of the Republican's Cabinet. Here are some things to know about Turner: Turner grew up in a Dallas suburb, Richardson, and graduated from the University of Illinois Urbana-Champaign. He was a defensive back and spent nine seasons in the NFL beginning in 1995, playing for the Washington Redskins, San Diego Chargers and Denver Broncos. During offseasons, he worked as an intern then-Rep. Duncan Hunter, R-Calif. After Turner retired in 2004, he worked full time for the congressman. In 2006, Turner ran unsuccessfully as a Republican in California’s 50th Congressional District. Turner joined the Texas House in 2013 as part of a large crop of tea party-supported lawmakers. He tried unsuccessfully to become speaker before he finished his second term in 2016. He did not seek a third term. Turner also worked for a software company in a position called “chief inspiration officer” and said he acted as a professional mentor, pastor, and councilor for the employees and executive team. He has also been a motivational speaker. He and his wife, Robin Turner, founded a nonprofit promoting initiatives to improve childhood literacy. His church, Prestonwood Baptist Church, lists him as an associate pastor. He is also chair of the center for education opportunity at America First Policy Institute, a think tank set up by former Trump administration staffers to lay the groundwork if he won a second term. Trump introduced Turner in April 2019 as the head of the new White House Opportunity and Revitalization Council. Trump credited Turner with “helping to lead an Unprecedented Effort that Transformed our Country’s most distressed communities.” The mission of the council was to coordinate with various federal agencies to attract investment to so-called “Opportunity Zones," which were economically depressed areas eligible to be used for the federal tax incentives. HUD is responsible for addressing the nation’s housing needs. It also is charged with fair housing laws and oversees housing for the poorest Americans, sheltering more than 4.3 million low-income families through public housing, rental subsidy and voucher programs. The agency, with a budget of tens of billions of dollars, runs a multitude of programs that do everything from reducing homelessness to promoting homeownership. It also funds the construction of affordable housing and provides vouchers that allow low income families pay for housing in the private market. During the campaign, Trump focused mostly on the prices of housing, not public housing. He railed against the high cost of housing and said he could make it more affordable by cracking down on illegal immigration and reducing inflation. He also said he would work to reduce regulations on home construction and make some federal land available for residential construction.
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Henry Ford Macomb Hospital’s plan for more power runs into oppositionRNS System to be featured in over 70 scientific presentations and posters Pre-book a demonstration in the NeuroPace Tech Suite to see the latest innovations of the RNS System which simplify the treatment experience for physicians and patients NeuroPace’s Booth #2119 MOUNTAIN VIEW, Calif., Dec. 04, 2024 (GLOBE NEWSWIRE) -- December 4, 2024 – NeuroPace, Inc. (Nasdaq: NPCE), a medical device company focused on transforming the lives of people living with epilepsy, today announced that the Company will have a substantial presence at the 2024 American Epilepsy Society Annual Meeting (AES 2024). The event is being held at the Los Angeles Convention Center from December 6 - 10, 2024. “The AES annual meeting is a significant event for NeuroPace and our RNS System. I am excited to announce that the NeuroPace team has put together a strong presence at AES featuring new clinical data on the RNS System, development of AI tools to analyze the intracranial EEG data obtained by the device, product demonstrations and therapy programming workshops during this year’s meeting,” said Martha Morrell, MD, Chief Medical Officer. “Physicians and other attendees will have an opportunity to learn about recent scientific discoveries from data obtained on the RNS System, the latest technology enhancements and to hear how fellow epileptologists, neurosurgeons and other care providers are utilizing this life-changing therapy in their practices.” The RNS System will be featured at booth #2119, where NeuroPace will highlight the proven outcomes of responsive neuromodulation, including 82% seizure reduction at three years and improved quality of life across all domains without the chronic side effects associated with other neuromodulation therapies such as depression, anxiety, memory impairment, sleep disruption and voice alterations. 1- 6* The NeuroPace team will be available in the NeuroPace booth to provide demonstrations, and in the Tech Suite to gather clinician input on next generation technologies. Customers are invited to schedule an appointment to join one of the RNS System demonstrations. More information is available on the Company’s website: https://www.neuropace.com/december-conference-2024-epilepsy/ Presentation & Event Details: The Company is sponsoring several panels and networking events during AES. In addition to the following events, NeuroPace is hosting an investigator meeting to review status and progress of key clinical studies including the Nautilus clinical trial and the RNS Post Approval Study. Fellows Networking Reception: Title: Doing Well by Doing Good – Practical tips for building a responsive neuromodulation clinic and achieving professional success post-fellowship Featured Speakers: Fonda Chan, MD, Epileptologist, Neurology Consultants of Dallas, and Deepa Panjeti-Moore, DO, MPH, Epileptologist, Neurology Consultants of Dallas Date/Time: Friday, December 6, 2024, from 6:30 p.m. - 8:30 p.m. ET Location: JW Marriott Los Angeles L.A. LIVE, Atrium 2, 3 rd Floor Product Theater: Title: New Frontiers in Responsive Neuromodulation Date/Time: Sunday, December 8, 2024, from 2:45 p.m. - 3:45 p.m. ET Location: Product Theater, Exhibit Hall, Orange County Convention Center Title: Updates from the RNS System IGE and LGS Trials Speaker: Martha Morrell, MD, Chief Medical Officer, NeuroPace Title: Chronic Intracranial EEG Recordings from the Thalamus in IGE and LGS Speaker: Katie Bullinger, MD, PhD, Associate Professor, Neurology, Emory University School of Medicine Title: What can AI do for you? Speaker: Vikram Rao, MD, PhD, Associate Professor, Neurology, UC San Francisco About NeuroPace, Inc. Based in Mountain View, Calif., NeuroPace is a medical device company focused on transforming the lives of people living with epilepsy by reducing or eliminating the occurrence of debilitating seizures. Its novel and differentiated RNS System is the first and only commercially available, brain-responsive platform that delivers personalized, real-time treatment at the seizure source. This platform can drive a better standard of care for patients living with drug-resistant epilepsy and has the potential to offer a more personalized solution and improved outcomes to the large population of patients suffering from other brain disorders. Investor Contact: Jeremy Feffer Managing Director LifeSci Advisors jfeffer@lifesciadvisors.com Razavi, et al., Epilepsia, 2020 (82% reduction) Meador, et al., Epilepsy Behavior, 2015 (QOL) Loring, et al., Epilepsia, 2015 (QOL) Nair, et al., Neurology, 2020 (QOL and side effects) Morrell MJ, et al., Neurology, 2011 (side effects) Jobst, et al., Epilepsia, 2017 (side effects) * At therapeutic settings
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Slain UnitedHealth Executive Puts Focus on CEO Safety PolicyFidelity National Financial, Inc. ( NYSE:FNF – Get Free Report ) Director Sandra Douglass Morgan sold 2,092 shares of the company’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total transaction of $117,842.36. Following the sale, the director now directly owns 32,386 shares of the company’s stock, valued at approximately $1,824,303.38. This trade represents a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink . Fidelity National Financial Stock Performance Fidelity National Financial stock opened at $56.32 on Friday. Fidelity National Financial, Inc. has a 52 week low of $46.85 and a 52 week high of $64.83. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. The stock has a market cap of $15.41 billion, a P/E ratio of 20.48 and a beta of 1.36. The stock has a 50 day moving average of $60.19 and a 200-day moving average of $57.28. Fidelity National Financial ( NYSE:FNF – Get Free Report ) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.32 billion. Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The company’s revenue was up 29.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.23 earnings per share. On average, analysts expect that Fidelity National Financial, Inc. will post 4.57 EPS for the current fiscal year. Fidelity National Financial Increases Dividend Institutional Inflows and Outflows A number of large investors have recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new stake in shares of Fidelity National Financial in the 3rd quarter valued at approximately $32,000. International Assets Investment Management LLC bought a new stake in Fidelity National Financial during the second quarter valued at $35,000. Brooklyn Investment Group acquired a new stake in shares of Fidelity National Financial during the third quarter worth $35,000. True Wealth Design LLC bought a new position in shares of Fidelity National Financial in the 3rd quarter worth about $41,000. Finally, Innealta Capital LLC acquired a new position in shares of Fidelity National Financial in the 2nd quarter valued at about $43,000. Institutional investors own 81.17% of the company’s stock. Wall Street Analyst Weigh In A number of research firms have recently issued reports on FNF. Keefe, Bruyette & Woods increased their target price on Fidelity National Financial from $63.00 to $64.00 and gave the company a “market perform” rating in a research note on Tuesday, December 10th. Barclays increased their price objective on shares of Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Finally, Truist Financial upped their target price on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Fidelity National Financial presently has an average rating of “Hold” and an average target price of $63.80. Check Out Our Latest Report on FNF About Fidelity National Financial ( Get Free Report ) Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates through Title, F&G, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products. Featured Stories Receive News & Ratings for Fidelity National Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Financial and related companies with MarketBeat.com's FREE daily email newsletter .
The affordable (and adorable) Sonos Ray soundbar drops to its lowest-ever price for Black FridayEditor’s note : Chris Wright has been nominated by President-elect Donald Trump to serve as Energy secretary and this column is reprinted from March 27, 2022. The energy transition is not happening. Or not nearly at the pace that everyone believes or wishes. At rates the “transition” is set to finish in the mid-2600s. The U.N. Rio Convention and subsequent Kyoto Protocol launched the energy transition drive in 1992. Global energy consumption from hydrocarbons has grown massively since then, with market share only declining by four percentage points over the last 30 years from 87% in 1992 to 83% in 2022. I am not celebrating this fact as I have spent years working on energy transition technologies. The energy transition isn’t failing for lack of earnest effort. It is failing because energy is hard, and 3 billion people living in energy poverty are desperate for reliable and scalable energy sources. Meanwhile, 1 billion energy-rich people are resistant to diminishing their standard of living with higher cost and an increasingly unreliable energy diet. There is no “climate crisis” either. If there is a term more at odds with the exhaustive literature surveys of the Intergovernmental Panel on Climate Change than “climate crisis,” I have not heard it. Climate change is a real global challenge that is extensively studied. Unfortunately, the facts and rational dialogue about the myriad trade-offs aren’t reaching policymakers, the media or activist groups. Or are they are simply ignoring these inconvenient truths? For example, we hear endlessly about the rise in frequency and intensity of extreme weather. This narrative is highly effective at scaring people and driving political action. It is also false. The reality is detailed in countless publications and summarized in the Intergovernmental Panel on Climate Change reports. Deaths from extreme weather have plunged over the last century, reaching new all-time lows last year, an outcome to be celebrated. This is not because extreme weather has declined. In fact, extreme weather shows no meaningful trend at all. Deaths from extreme weather events have declined because highly energized, wealthier societies are much better prepared to survive nature’s wrath. You are not supposed to say out loud that there is no climate crisis or that the energy transition is proceeding at a glacial pace. These are unfashionable and, to many, offensive facts. But let’s be honest. Energy transition ambitions must recognize reality. Otherwise, poor investment decisions and regulatory frameworks will lead to surging global-energy and food prices. This is exactly what is happening. We are here today in large part because energy transition efforts that previously encompassed solely aggressive support of alternative energy policies, economics be damned, have recently supplemented this strategy with growing efforts to obstruct fossil fuel development. Fossil fuels make the modern world possible. The real crisis today is an energy crisis. It began to reveal itself last fall with a severe shortage in globally traded Liquified Natural Gas (LNG). The LNG crisis has not abated, and it gives Russia’s Vladimir Putin tremendous leverage over Europe. Without Russian gas, the lights in Europe go out. Amid war, public outrage, and intense sanctions, Russian gas flows to Europe remain unchanged. Russian oil exports have continued with minimal interruption. The world can talk tough about sanctioning Russian energy exports, but those exports are vitally needed; hence they continue. Energy security equals national security. The world energy system, critical to human well-being, requires meaningful spare capacity to handle inevitable bumps in the road. In the electricity sector, which represents only 20% of global energy but 40% in wealthy countries, this is called reserve capacity. In the oil market, spare production capacity today is shrinking and concentrated in OPEC nations like Saudi Arabia and the United Arab Emirates. Also, there is a massive global storage network in surface tanks and underground caverns. In natural gas markets, there are extensive underground storage reservoirs and typically spare export capacity through pipelines and large industrial LNG export and import facilities. The last several years have seen this spare capacity whittled away due partly to lower commodity prices and poor corporate returns shrinking the appetite to invest. Excess capacity has also shrunk due to regulatory blockage of critical energy infrastructure like pipelines and export terminals. Roadblocks for well permitting and leasing on federal lands, together with a mass public miseducation campaign on energy and climate alarmism, are also stymying hydrocarbon development. Investment capital is further constrained by a corporate Environment, Social and Governance movement, and divestment campaigns. These factors are shrinking hydrocarbon investment below what it otherwise would be in response to price signals and outlook for supply and demand. The net result is a constrained supply of oil, natural gas, and coal, which means higher prices and greater risk of market dislocations like the one unfolding today. High energy and food price inflation is the cruelest form of tax on the poor. After a few specific examples, I’ll return to what we should do now to reverse these damaging and deeply inequitable trends. Why does the world today suffer from a severe shortage of LNG? Demand for natural gas has been growing strongly for decades. It provides a much cleaner substitute for coal in electricity production, home heating, and a myriad industrial and petrochemical uses. Rising displacement of coal by natural gas has been the largest source of greenhouse gas emission reductions. Unfortunately, the aforementioned factors have prevented supply from keeping pace with rising demand. Energy shortages drive rapid prices rises and have cascading impacts on everything else. Energy is foundational to everything humans do. Everything. Perhaps the most critical use of natural gas is nitrogen fertilizer production. Roughly a century ago, two German chemists, both subsequently awarded Nobel Prizes, developed a process to produce nitrogen fertilizer on an industrial scale. Before the Haber-Bosch process innovation, nitrogen content in soil was a major constraint on crop productivity. Existing nitrogen sources from bird guano, manure, and rotating cultivation of pea crops were limited. Today, elimination of natural gas-synthesized nitrogen fertilizer would cut global food production in half. The LNG crisis translates into a worldwide food crisis as skyrocketing fertilizer prices are cascading into much higher food prices. Wheat prices are at a record high and will likely head higher as spring plantings suffer from under fertilization. Global LNG markets are tight because rising demand has outrun the growth in LNG export capacity in the United States, now the largest LNG exporter. We have an abundance of natural gas in the United States. Unfortunately, we have a shortage of pipelines to transport this gas and LNG export terminals, preventing us from relieving the energy crisis in Europe and around the world. These pipeline and export terminal shortages are due in large part to regulatory blockage. The result is that natural gas prices in the United States and Canada are five to 10 times lower than in Asia and Europe. This deeply disadvantages consumers and factories (like fertilizer factories) in Europe and Asia that rely on LNG imports to fulfill their needs. Russia’s invasion of Ukraine did not cause today’s energy crisis. Quite the reverse. Today’s energy crisis is likely an important factor in why Russia chose to invade Ukraine. Europe’s energy situation is tenuous and highly dependent on Russian imports. Russia is the second-largest oil and natural gas producer after the United States. Russia is the largest exporter of natural gas, supplying over 40% of Europe’s total demand. Additionally, Russia is the largest source of imported oil and coal to Europe. Europe put itself in this unenviable position by pursuing unrealistic, politically-driven policies attempting to rapidly transition its energy sources to combat climate change. Europe’s energy pivot has been a massive failure on all fronts: higher energy costs, grave energy insecurity, and negligible climate impacts. Germany is the poster child of this failure. In 2000, Germany set out to decarbonize its energy system, spending hundreds of billions of dollars on this effort over the last 20 years. Germany only marginally reduced its dependence on hydrocarbons from 84% in 2000 to 78% today. The United States matched this 6% decline in hydrocarbon market share from 86% in 2000 to 80% today. Unlike in the U.S., Germany more than doubled its electricity prices — before the recent massive additional price increases — by creating a second electric grid. This second grid is comprised of massive wind and solar electric generating sources that only deliver 20% of nameplate capacity on average, and often less than 5% for days at a time. The sun doesn’t always shine and the wind doesn’t always blow. Hence, Germany could only shrink legacy coal, gas and nuclear capacity by 15%. It now must pay to maintain both grids. The legacy grid must always be flexing up and down in a wildly inefficient manner to keep the lights on, hospitals functioning, homes heated, and factories powered. Outside the electricity sector, Germany’s energy system is largely unchanged. It has long had high taxes on gasoline and diesel for transportation, and lower energy taxes on industry. Germany subsidizes industrial energy prices attempting to avoid the near-complete de-industrialization that the UK has suffered due to expensive energy policies across the board. Over the last 20 years, the United States has seen two shale revolutions, first in natural gas and then in oil. The net result has been the U.S. producing greater energy than consumed in 2019 and 2020 for the first time since the 1950s. The U.S. went from the largest importer of natural gas to the second-largest exporter in less than 15 years, all with private capital and innovation. The shale revolution lowered domestic and global energy prices due to surging growth in U.S. production. Surging U.S. propane exports are reducing the cost and raising the availability of clean cooking and heating fuels for those in dire energy poverty still burning wood, dung, and agricultural waste to cook their daily meals. U.S. Greenhouse gas emissions also plunged to the lowest level on a per capita basis since 1960. Imagine the world’s energy situation today with the American shale revolution. We are starting to hamstring and squander the enormous benefits of the shale revolution. The same misinformed anti-hydrocarbon crusade that impoverished Europe and made it heavily dependent on Russia is now sweeping the US. California and New England had adopted European-style energy policies driving up electricity prices, reducing grid reliability, and driving manufacturing and other energy-intensive, blue-collar jobs out of their states. Colorado is not far behind. California, a state with a plenitude of blessings, managed to create the highest adjusted poverty rate in the nation with an expensive, unstable power grid increasingly reliant on coal-powered electricity imports from Nevada and Utah. New England’s proximity to Pennsylvania’s clean low-cost natural gas resources was a stroke of luck. But it refused to expand the natural gas pipelines running from Pennsylvania, leaving it chronically short of natural gas, its largest source of electricity and cleanest option for home heating. Instead, it remains heavily reliant on fuel oil for home heating and occasionally imports LNG from Russia to keep the lights on. Last winter New England burned copious amounts of fuel oil to produce electricity which went out of fashion in the 1970s elsewhere in the US. Texas has not been immune from energy illiteracy and collateral damage. Texas’ poorly designed electric grid, structured to encourage investment in renewables, led to hundreds dying in the 2021 Uri cold spell. No one would pay the same price for an Uber that showed up whenever convenient for the driver and dropped you off wherever they desired. But that is what Texas does with electricity: paying the same price for reliable electricity that balances the grid as they do for unreliable, unpredictable electricity. No wonder the reliability of the Texas grid has declined and is headed for more trouble. The common thread in these cases is unrealistic beliefs in how rapidly new energy systems can replace demand for hydrocarbons, currently at all-time highs. Political intervention and miscalculation have led to overinvestment in unreliable energy sources and, far worse, underinvestment in reliable energy sources and infrastructure. The full costs of this colossal mal-investment have been somewhat hidden from view as spare capacity in the global energy network has mostly kept the train on the tracks. Now that excess capacity has shrunk to a critically low level, more impacts are hitting home. Like the disease, the cure takes years to run its course. But that longer time frame is no excuse not to act now in a thoughtful fashion to begin rectifying historical blunders. Steel, cement, plastics and fertilizer are the four building blocks of the modern world and all are highly reliant on hydrocarbons. Most critically this means removing the growing myriad obstacles to hydrocarbon development, justified in the name of fighting climate change. This is nonsense. Overly cumbersome hurdles to hydrocarbon development in the U.S. do nothing to change oil and gas demand. They simply displace U.S. production overseas where production practices are less stringent and less ethical. Resulting in increased greenhouse gas emissions and other air pollutants, reduced economic opportunities for Americans, and increased geopolitical leverage of Russia and OPEC — see the invasion of Ukraine. Climate change is a long-term problem best addressed with technologies cost-effective today like natural gas, energy efficiency, and nuclear. The solution requires combining today’s commercial low-carbon energy sources with research and technology development in carbon sequestration, next-generation geothermal, and economical energy storage to make solar and wind more viable. Today the price mechanism must destroy energy demand to bring it in line with short-term supply. This reduces the quality of living, especially for low-income families. The price mechanism will also incentivize new supply to the extent possible in the face of growing regulatory hurdles, infrastructure shortages, and capital starvation. A revaluation of all three of these factors is urgently needed. Is the overarching goal “energy transition” at all costs? Or is it humane policies that better human lives and expand opportunities for all? We need to replace the former mindset with the latter. Chris Wright is chairman and CEO of Liberty Energy, a Denver-based hydraulic fracturing company.
Head coach Vanni Sartini paid the price Monday for the Vancouver Whitecaps’ mediocre results this past season and subsequent first-round playoff exit. His firing came about two weeks after the Major League Soccer team won a play-in game before falling to top-seeded Los Angeles FC in a three-game series that went the distance. “The desperation on my side is absolutely there,” said Axel Schuster, the Whitecaps’ sporting director and chief executive officer. One of the reasons for the change, he said, is everyone in the organization, including himself, needs a reminder that playoff success next year is imperative. “We cannot not get there.” The Whitecaps haven’t reached the conference semifinals since 2017. In a one-hour availability with reporters, Schuster noted the team had the second-worst home record in the Western Conference this year and recorded just two points over its last seven regular-season games. He referenced the need for fresh energy from a new coach and added there was no firm timeline in place for a replacement to be named. “I had to make a professional decision (for) how we can get the biggest impact to make this step forward and to get to a progression,” he said. The Whitecaps’ late-season slump dropped them to eighth place in the West with a record of 13-13-8. Vancouver won a play-in game at Portland before dropping a 1-0 decision at LAFC in the deciding game of the series. Vancouver also won its third-straight Canadian championship this season, beating Toronto FC 4-2 on penalties after the final ended in a 0-0 tie. “I took my time with this decision, and it was not taken lightly,” Schuster said. Sartini, a 47-year-old from Florence, Italy, took over coaching duties on an interim basis in August 2021 after the Whitecaps dismissed Marc Dos Santos. He was officially named head coach that November. “For the last three years and three months, it has been an absolute honour to be the head coach of Vancouver Whitecaps FC,” Sartini said in a release. “I will always be grateful to Axel Schuster and ownership for entrusting me to be the technical lead of this club in such an important time. “Vancouver will always have a special place in my heart and my wife’s heart,” he added. He posted a record of 57-51-39 across all competitions. The exuberant Italian made headlines in November 2023 when he publicly criticized a referee following a playoff game and made a joke about being a suspect if the official were to be found dead. He was suspended for the first six games of the 2024 MLS campaign, fined US$20,000 and ordered to complete a league-approved behavioural assessment. The coach later apologized for the comments and his suspension was cut to four games. Sartini came to Vancouver in 2019 as Dos Santos’ assistant coach and spent two seasons with the first team before being named the club’s “director of methodology” and taking over coaching the U-23 team in 2020. Before joining the Whitecaps, he worked as a coach educator for the Italian Football Federation and the U.S. Soccer Federation, and coached several different clubs in Italy.
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