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Myers Industries interim CEO Basque Dave buys $179k in stockPresident Joe Biden sharply criticized President-elect Donald Trump’s economic plan, particularly his proposal to impose large tariffs on imports. In a recent speech at the Brookings Institution, Biden argued that such measures would have detrimental effects on both the U.S. economy and its international relationships, calling them a “major mistake” that would ultimately hurt American consumers. Biden’s remarks come as Trump prepares for his second term in office after securing victory in the 2024 presidential election , largely driven by voter frustration with rising living costs under Democratic leadership. The outgoing president raised concerns about Trump’s economic strategies, specifically his plan to impose significant tariffs on goods from the U.S.’s largest trading partners, including Mexico, Canada, and China. These countries are crucial to the U.S. economy, and Biden warned that such tariffs would raise costs for American consumers, potentially stalling the nation’s economic recovery. “I pray to God the president-elect throws away Project 2025. I think it would be an economic disaster for us and the region,” Biden stated, referring to a conservative blueprint for Trump’s second term, which includes plans for further trade restrictions. Biden’s criticism comes at a time when Trump has already begun to shape his policy agenda for the upcoming term, even though his inauguration won’t take place until January 20. Despite this, Trump has been making waves by commenting on economic matters and foreign policy, positioning himself as a shadow president with significant influence. Janet Yellen Joins In Criticism Of Trump’s Tariffs In support of Biden’s stance, Treasury Secretary Janet Yellen also voiced concerns about Trump’s proposed tariffs. Speaking at the Wall Street Journal’s CEO Council Summit, Yellen warned that these tariffs could undermine the progress made in reducing inflation and could negatively impact U.S. growth. She emphasized that the imposition of sweeping tariffs would likely lead to higher prices for American consumers and increase pressure on companies that depend on imports for their supply chains. “Tariffs could derail the progress we’ve made on inflation and have adverse consequences on growth,” Yellen stated, reinforcing the concerns shared by Biden. Biden Reflects On His Economic Legacy As Biden nears the end of his presidency, he used this speech to reflect on his administration’s economic achievements. With less than six weeks remaining in office, Biden emphasized the success of his “middle-out, bottom-up” economic approach, which focused on supporting the working and middle classes. He contrasted this approach with what he described as Trump’s failed “trickle-down economics,” where tax cuts for the wealthy were expected to boost economic growth, but in Biden’s view, have done little to address the needs of everyday Americans. Biden pointed to his administration’s efforts in driving the recovery from the Covid-19 pandemic, as well as significant investments in green technology and industries. He also praised the U.S. economy for its resilience, stating, “President-elect Trump is receiving the strongest economy in modern history.” Despite his many accomplishments, Biden expressed regret over one aspect of his tenure: not personally signing the Covid stimulus checks sent to Americans, a gesture that Trump had made during the pandemic. Nonetheless, Biden’s broader message was one of hope and optimism, emphasizing the importance of U.S. leadership on the global stage. “As we face a troubled world, the question remains: If we do not lead the world, what nation will?” Biden asked, signaling a sharp contrast to Trump’s increasingly isolationist stance. While Trump has suggested that the U.S. should pull back from global leadership, Biden remains committed to maintaining the country’s influence in international affairs. ALSO READ | How Musk Could Reap Big Rewards From Trump’s Latest Proposal
Elway: Remorse over passing on Allen mitigated by play of Nix
ATLANTA (AP) — Already reeling from their November defeats, Democrats now are grappling with President Joe Biden’s pardoning of his son for federal crimes, with some calling the move misguided and unwise after the party spent years slamming Donald Trump as a threat to democracy who disregarded the law. The president pardoned Hunter Biden late Sunday evening, reversing his previous pledges with a grant of clemency that covers more than a decade of any federal crimes his son might have committed. The 82-year-old president said in a statement that his son’s prosecution on charges of tax evasion and falsifying a federal weapons purchase form were politically motivated. “He believes in the justice system, but he also believes that politics infected the process and led to a miscarriage of justice,” said White House press secretary Karine Jean-Pierre, who along with Biden and other White House officials insisted for months that Hunter Biden would not get a pardon. That explanation did not satisfy some Democrats, angry that Biden’s reversal could make it harder to take on Trump, who has argued that multiple indictments and one conviction against him were a matter of Biden and Democrats turning the justice system against him. “This is a bad precedent that could be abused by later Presidents and will sadly tarnish his reputation,” Colorado Gov. Jared Polis wrote of Biden on the social media platform X. “When you become President, your role is Pater familias of the nation,” the governor continued, a reference to the president invoking fatherhood in explaining his decision. “Hunter brought the legal trouble he faced on himself, and one can sympathize with his struggles while also acknowledging that no one is above the law, not a President and not a President’s son.” Rep. Greg Stanton, D-Ariz., said on X: “This wasn’t a politically motivated prosecution. Hunter committed felonies and was convicted by a jury of his peers.” Colorado Sen. Michael Bennet said Biden “put personal interest ahead of duty” with a decision that “further erodes Americans’ faith that the justice system is fair and equal for all.” Michigan Sen. Gary Peters said the pardon was “an improper use of power” that erodes faith in government and “emboldens others to bend justice to suit their interests.” Sen. Peter Welch, D-Vt., called the pardon “understandable” if viewed only as the “action of a loving father.” But Biden’s status as “our nation’s Chief Executive,” the senator said, rendered the move “unwise.” Certainly, the president has Democratic defenders who note Trump’s use of presidential power to pardon a slew of his convicted aides, associates and friends, several for activities tied to Trump’s campaign and first administration. “Trump pardoned Roger Stone, Steve Bannon, Michael Flynn and Paul Manafort, as well as his son-in-law’s father, Charles Kushner — who he just appointed US ambassador to France,” wrote prominent Democratic fundraiser Jon Cooper on X. Democratic National Committee Chairman Jaime Harrison said there “is no standard for Donald Trump, and the highest standard for Democrats and Joe Biden.” Harrison pointed to Trump’s apparent plans to oust FBI Director Christopher Wray and replace him with loyalist Kash Patel and suggested the GOP’s pursuit of Hunter Biden would not have ended without clemency. “Most people will see that Joe Biden did what was right,” Harrison said. First lady Jill Biden said Monday from the White House, “Of course I support the pardon of my son.” Democrats already are facing the prospects of a Republican trifecta in Washington, with voters returning Trump to the White House and giving the GOP control of the House and Senate. Part of their argument against Trump and Republican leaders is expected to be that the president-elect is violating norms with his talk of taking retribution against his enemies. Before beating Vice President Kamala Harris, Trump faced his own legal troubles, including two cases that stemmed from his efforts to overturn his defeat to Joe Biden in the 2020 presidential election. Those cases, including Trump’s sentencing after being convicted on New York state business fraud charges, have either been dismissed or indefinitely delayed since Trump’s victory on Nov. 5, forcing Democrats to recalibrate their approach to the president-elect. In June, President Biden firmly ruled out a pardon or commutation for his son, telling reporters as his son faced trial in the Delaware gun case: “I abide by the jury decision. I will do that and I will not pardon him.” As recently as Nov. 8, days after Trump’s victory, Jean-Pierre ruled out a pardon or clemency for the younger Biden, saying: “We’ve been asked that question multiple times. Our answer stands, which is no.” The president’s about-face came weeks before Hunter Biden was set to receive his punishment after his trial conviction in the gun case and guilty plea on tax charges. It capped a long-running legal saga for the younger Biden, who disclosed he was under federal investigation in December 2020 — a month after his father’s 2020 victory. The sweeping pardon covers not just the gun and tax offenses against the younger Biden, but also any other “offenses against the United States which he has committed or may have committed or taken part in during the period from January 1, 2014, through December 1, 2024.” Hunter Biden was convicted in June in Delaware federal court of three felonies for purchasing a gun in 2018 when, prosecutors said, he lied on a federal form by claiming he was not illegally using or addicted to drugs. He had been set to stand trial in September in a California case accusing him of failing to pay at least $1.4 million in taxes. But he agreed to plead guilty to misdemeanor and felony charges in a surprise move hours after jury selection was set to begin. In his statement Sunday, the president argued that such offenses typically are not prosecuted with the same vigor as was directed against Hunter Biden. “The charges in his cases came about only after several of my political opponents in Congress instigated them to attack me and oppose my election,” Biden said in his statement. “No reasonable person who looks at the facts of Hunter’s cases can reach any other conclusion than Hunter was singled out only because he is my son. ... I hope Americans will understand why a father and a President would come to this decision.” ___ Associated Press journalists Will Weissert aboard Air Force One and Darlene Superville, Mary Claire Jalonick and Michael Tackett in Washington contributed to this report.San Francisco 49ers offensive lineman Jon Feliciano was a key part of last year's team that came within a play of winning Super Bowl 58, with an injury to his knee playing a critical role in their eventual overtime demise. Feliciano was reduced to spectator as his replacement at right guard, Spencer Burford, committed a key error in protection to allow Chris Jones to scream through unblocked and prevent Brock Purdy from throwing a red zone touchdown on the Niners' only overtime possession against the Kansas City Chiefs. Now that same injury may well signal the end of Feliciano's career. San Francisco head coach Kyle Shanahan confirmed on Monday that Feliciano would remain on injured reserve for the rest of the season, his knee having not responded as they wanted after opening his 21-day practice window. "Jon is going to stay on IR," said Shanahan. "Knee hasn't responded the right way, so unfortunately for Jon, and us, but just had a talk with him here a little bit ago and he's going to have to stay on IR." It is a significant blow to the depth of an offensive line that is struggling on the interior, with starting guards Aaron Banks (concussion) and Dominick Puni (shoulder) both doubts for Week 13 and center Jake Brendel continuing to attract criticism for his performances. But specifically for Feliciano, it is a setback that looks like it could lead to him hanging up the cleats. Tried my hardest. Father Time real. Hoping this ain’t the end but if it is, Hell of a ride He indicated as much in a post on X on Monday, writing: "Tried my hardest. Father Time real. Hoping this ain’t the end but if it is, Hell of a ride." It would be a real shame for Feliciano, who is still only 32, if this is the end. He was one of the 49ers' best run blockers last season, while his ability to play both center and guard has provided San Francisco with some useful roster flexibility up front. Stepping it at left guard or center was likely Feliciano's best path towards playing starter snaps in 2024, with rookie third-round pick Puni making the right guard spot his own as the cream of a strong rookie class. Now with Feliciano on the shelf, the 49ers may need to find new solutions on the interior of the trenches, an area of the roster that will likely require significant attention in the offseason regardless of whether San Francisco succeeds in righting the ship this year. This article first appeared on A to Z Sports and was syndicated with permission.ALDI is selling a handy kitchen gadget that costs just 8p to run and cooks delicious winter meals. The budget supermarket's Ambiano Slow Cooker, available for £24.99, is a cheaper alternative to airfryers - and won't require too much energy. It has three different heat settings, depending on what you're cooking and how long you want to cook it for, and numerous safety features including a tempered glass life and cool touch handles. It is also easy to wash up - with a removable non-stick ceramic cooking pot. And, it has a three-year warranty in case anything goes wrong. You can simply turn the 6.5- litre machine on in the morning and return home to a slow-cooked meal. Read more Money News It is available on the Lidl website and in stores across the country. How much does it cost to run? At 320W, the Ambiano Slow Cooker costs about 8p to run for 60 minutes based on the current price cap. So if you use it three times a week for one hour each time, you will spend just £12.48 over the course of a year. This is cheaper than the average airfryer, which costs around 51p per hour due to higher wattage. Most read in Money However, bear in mind that you are less likely to run an airfryer for long periods of time. Both options are cheaper than an oven - which costs between 45p and £1.50 to run per hour depending on the wattage and your electricity rate. Many households may be thinking about ways to limit their energy bills this winter , after prices rose by 10% last month and are set to climb again in January. Bills increased for millions of households in October after the energy regulator Ofgem increased the maximum price suppliers can charge consumers for energy. The energy regulator Ofgem confirmed the new price cap yesterday, which comes into effect on January 1, 2025. The average dual fuel bill for those not on a fixed deal will rise from its current rate of £1,717 a year to £1,738 . As more households feel the pinch, investing in an efficient cooker could be a great way to cut their energy use and save precious pounds. How does it compare? The Ambiano Slow Cooker is cheaper than the Cookworks Slow Cooker of the same size, sold at Sainsbury's fpr £33. The two have the same wattage and are therefore about the same price to run. It is also cheaper than the Morphy Richards Sear & Stew version sold in Tesco - which is a steeper £69.99. However, at 163 W, this is cheaper to run - at only 4p per hour. Aldi's version is slightly more expensive than the Daewoo Stainless Steel Slow Cooker - currently on sale at Asda for £23. However, at 300 W, the Asda one is more expensive to run - at about 7p per hour. There's a number of different ways to get help paying your energy bills if you're struggling to get by. If you fall into debt, you can always approach your supplier to see if they can put you on a repayment plan before putting you on a prepayment meter. This involves paying off what you owe in instalments over a set period. If your supplier offers you a repayment plan you don't think you can afford, speak to them again to see if you can negotiate a better deal . Several energy firms have schemes available to customers struggling to cover their bills. But eligibility criteria vary depending on the supplier and the amount you can get depends on your financial circumstances. For example, British Gas or Scottish Gas customers struggling to pay their energy bills can get grants worth up to £2,000. British Gas also offers help via its British Gas Energy Trust and Individuals Family Fund. You don't need to be a British Gas customer to apply for the second fund. EDF, E.ON, Octopus Energy and Scottish Power all offer grants to struggling customers too. Thousands of vulnerable households are missing out on extra help and protections by not signing up to the Priority Services Register (PSR). The service helps support vulnerable households , such as those who are elderly or ill. Some of the perks include being given advance warning of blackouts , free gas safety checks and extra support if you're struggling. Get in touch with your energy firm to see if you can apply. How to save money at Aldi Unlike other major grocers, Aldi does not have a rewards or point card system but that does not mean you cannot save on your shop. Every week the store releases a list of special buys, which are unique bargain products you find online at Aldi and in-store. The store releases a fresh range of deals every Thursday and Sunday, so be sure to check regularly to see what's new. READ MORE SUN STORIES Meanwhile, the store also regularly sells fruit and vegetables at highly discounted prices, as part of its ‘super six’ deal. It also does weekly saving offers on typically pricey items such as meat and fish. SUN Savers Editor Lana Clements explains how to find a cut-price item and bag a bargain... Sign up to loyalty schemes of the brands that you regularly shop with. Big names regularly offer discounts or special lower prices for members, among other perks. Sales are when you can pick up a real steal. Retailers usually have periodic promotions that tie into payday at the end of the month or Bank Holiday weekends, so keep a lookout and shop when these deals are on. Sign up to mailing lists and you’ll also be first to know of special offers. It can be worth following retailers on social media too. When buying online, always do a search for money off codes or vouchers that you can use vouchercodes.co.uk and myvouchercodes.co.uk are just two sites that round up promotions by retailer. Scanner apps are useful to have on your phone. Trolley.co.uk app has a scanner that you can use to compare prices on branded items when out shopping. Bargain hunters can also use B&M’s scanner in the app to find discounts in-store before staff have marked them out. And always check if you can get cashback before paying which in effect means you’ll get some of your money back or a discount on the item.
NEW YORK, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE: RC) (“Ready Capital” or the “Company”) today announced that it closed an underwritten public offering of $130 million aggregate principal amount of 9.00% Senior Notes due 2029 (the “Notes”), including $15 million aggregate principal amount relating to the partial exercise of the underwriters’ over-allotment option. The Notes were issued in minimum denominations and integral multiples of $25.00. The Company intends to use the net proceeds from this offering to originate or acquire target assets consistent with its investment strategy and for general corporate purposes. Morgan Stanley & Co. LLC, Piper Sandler & Co., RBC Capital Markets, LLC, UBS Investment Bank and Wells Fargo Securities, LLC served as book-running managers for the offering. The Notes have been approved for listing on the New York Stock Exchange under the symbol “RCD” and trading is expected to commence within 30 days of the closing of the offering. A registration statement relating to the securities was filed with the Securities and Exchange Commission (the “SEC”) and immediately became effective on March 22, 2022. The offering was made only by means of a prospectus supplement and accompanying prospectus, which have been filed with the SEC. A copy of the prospectus supplement and accompanying prospectus may be obtained free of charge at the SEC’s website at www.sec.gov or from the underwriters by contacting: Morgan Stanley & Co. LLC by calling 1-800-584-6837, Piper Sandler & Co. at 1251 Avenue of the Americas, 6th Floor, New York, NY 10020, or by calling toll-free 866-805-4128, or by email at fsg-dcm@psc.com , RBC Capital Markets, LLC by calling 1-866-375-6829 or by emailing rbcnyfixedincomeprospectus@rbccm.com , UBS Investment Bank by calling 1-888-827-7275, Wells Fargo Securities, LLC by calling 1-800-645-3751 or by emailing wfscustomerservice@wellsfargo.com . This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the Company’s securities, nor shall there be any sale of the Company’s securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. About Ready Capital Corporation Ready Capital Corporation (NYSE: RC) is a multi-strategy real estate finance company that originates, acquires, finances and services lower-to-middle-market investor and owner occupied commercial real estate loans. Ready Capital specializes in loans backed by commercial real estate, including agency multifamily, investor, construction, and bridge as well as U.S. Small Business Administration loans under its Section 7(a) program. Headquartered in New York, New York, Ready Capital employs approximately 350 professionals nationwide. Ready Capital is externally managed and advised by Waterfall Asset Management, LLC. Forward-Looking Statements This press release contains certain forward-looking statements. Words such as “believe,” “expect,” “anticipate,” “estimate,” “plan,” “continue,” “intend,” “should,” “could,” “would,” “may,” “potential” or the negative of those terms or other comparable terminology are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions, many of which are beyond the control of the Company, including, without limitation, the risk factors and other matters set forth in the prospectus supplement and the accompanying prospectus and the Company’s Annual Report on Form 10–K for the year ended December 31, 2023 filed with the SEC and in its other filings with the SEC. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. Contacts: Investor Relations Ready Capital Corporation 212-257-4666 InvestorRelations@readycapital.comSocial media firms raise 'serious concerns' over Australian U-16 ban
NEW YORK , Dec. 10, 2024 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Light & Wonder, Inc. (NASDAQ: LNW) resulting from allegations that Light & Wonder may have issued materially misleading business information to the investing public. So What: If you purchased Light & Wonder securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses. What to do next: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=29678 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. What is this about: On September 24, 2024 , the Las Vegas Review-Journal published an article entitled "Slot manufacturer scores major win against Las Vegas -based rival." The article stated that "Aristocrat Technologies Inc.'s request for a preliminary injunction in its trade-secret and copyright infringement lawsuit against Light & Wonder" had been granted, and that the "order prohibits [Light & Wonder] from the 'continued or planned sale, leasing, or other commercialization of Dragon Train,' which Aristocrat claims uses intellectual property developed for its Dragon Link and Lightning Link games." On this news, Light & Wonder's common stock fell 19.49% on September 24, 2024 . Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. 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. 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/ . 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, 40th 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-encourages-light--wonder-inc-investors-to-inquire-about-securities-class-action-investigation--lnw-302327948.html SOURCE THE ROSEN LAW FIRM, P. A.
Salinas Loses $5.5 Billion in a Day on Elektra SlumpNEW YORK — U.S. consumers who were "tricked" into purchases they didn't want from Fortnite maker Epic Games are now starting to receive refund checks, the Federal Trade Commission said this week. Back in 2022, Epic agreed to pay a total of $520 million to settle complaints revolving around children's privacy and payment methods on its popular Fortnite game. The FTC alleged the video game giant used deceptive online design tactics to trick Fortnite players, including children, into making unintended purchases "based on the press of a single button." Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Success! An email has been sent to with a link to confirm list signup. Error! There was an error processing your request. Get the latest need-to-know information delivered to your inbox as it happens. Our flagship newsletter. Get our front page stories each morning as well as the latest updates each afternoon during the week + more in-depth weekend editions on Saturdays & Sundays.Osun APC Criticizes Workers’ Appreciation Rally For AdelekeSocial media firms raise 'serious concerns' over Australian U-16 ban
NoneAustralia's proposal to ban under-16s from social media platforms is "rushed", social media companies claimed Tuesday, expressing "serious concerns" about potential unintended consequences. The landmark legislation would force social media firms to prevent young teens from accessing their platforms or face fines of up to Aus$50 million (US$32.5 million). Javascript is required for you to be able to read premium content. Please enable it in your browser settings.Info-Tech Research Group's new blueprint highlights the critical role of integrating advanced, scalable, and secure technologies with effective policymaking to address traffic congestion in urban centers. This strategic resource aims to enhance traffic flow, improve road safety, and meet the needs of diverse road users. By leveraging innovative solutions outlined in the firm's blueprint, IT leaders in the transportation sector can achieve sustainable and efficient urban mobility. TORONTO, Dec. 11, 2024 /PRNewswire/ - Urban centers worldwide are facing mounting challenges from traffic congestion, with rising traffic volumes putting immense pressure on infrastructure and disrupting urban mobility. As cities seek innovative solutions to these pressing issues, Info-Tech Research Group has published its research findings and advisory in the global firm's new blueprint, Evaluate Congestion Charging Technologies for Innovative Traffic Management . This resource equips CIOs and IT leaders with the insights and strategies needed to implement advanced, scalable, and secure congestion charging systems. By providing a forward-thinking framework for addressing urban traffic management, the blueprint from the firm will help enhance efficiency, promote sustainability, and drive transformative change in today's rapidly evolving urban landscapes. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Success! An email has been sent to with a link to confirm list signup. Error! There was an error processing your request. Get the latest need-to-know information delivered to your inbox as it happens. Our flagship newsletter. Get our front page stories each morning as well as the latest updates each afternoon during the week + more in-depth weekend editions on Saturdays & Sundays.
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