Fashion designer Mossimo Giannulli’s bid for an early release from the federal prison he is being held in was denied Tuesday. The judge ruled that the bid did not meet the criteria needed for a compassionate release.
Fashion designer Mossimo Giannulli’s bid for an early release from the federal prison he is being held in was denied Tuesday. The judge ruled that the bid did not meet the criteria needed for a compassionate release.
China and the United States should remove all barriers to travel between the two countries if the United States achieves herd immunity for COVID-19 with 90% of its population vaccinated, potentially by August, a Chinese epidemiologist has said. The United States is the worst-hit nation in the world by case count, with nearly 30 million infections so far, though new cases have been declining. China has COVID-19 largely under control, with relatively small clusters of new local infections in recent months.
The hotel chain also attacked CPAC members who acted with "hostility" when they were asked to wear masks, risking the health of other hotel guests and employees.
(In Millions of Mexican Pesos) 2020 Fourth-Quarter Results and Full-Year Include: Stockholders’ Equity of $2,095.1 million.Financial Debt of 12.6 percent from Stockholders’ Equity.Corporative expenses-decrease of 44 percent year to year. MEXICO CITY, March 01, 2021 (GLOBE NEWSWIRE) -- Grupo TMM, S.A.B. (OTC: GTMAY and BMV: TMM A; “TMM” or the “Company”), a Mexican Maritime-management transportation and logistics Company, reported today its financial results for the fourth quarter and full year 2020. José F. Serrano, Chairman of Grupo TMM, said, “Although 2020 was a very complicated year for Mexico, and in particular for the maritime and logistics transportation and energy industries due to the slowdown in the economy and the drop in oil prices since 2019, as well as the ongoing adverse effects of the coronavirus pandemic, Grupo TMM has shown that thanks to its proven experience and adaptability through its strategies of technological transformation, cost optimization and clients diversification, it has the ability to reinvent itself by making the most of all its resources, strengths and financial position to reinforce the trust of its clients and its participation in the market.” “Grupo TMM is now a more dynamic and modern organization, ready to capitalize on opportunities and challenges, and participate in profitable projects and alliances with world-renowned companies. By providing integrated transport, logistics, storage and distribution services, the Company is always seeking sustainable growth and development.” FOURTH-QUARTER AND FULL-YEAR 2020 OPERATING AND FINANCIAL RESULTSThe following information with respect to 2019 includes the new accounting standard for leases under the International Financial Reporting Standards (IFRS-16) effective as of January 1, 2019. All monetary amounts are in millions of Mexican Pesos. Consolidated revenue for the fourth quarter of 2020 was $296.5 million, compared to $366.1 million in the same period of 2019. Consolidated revenue during full-year 2020 was $1,203.1 million compared to $1,475.7 million in the same period of 2019. Due to its client diversification strategy the Company significantly reduced the impact of the prolonged health contingency by COVID-19, as well as the slow recovery of the economy and the energy industry. Consolidated operating results during the full-year 2020 reported a loss of $316.3, of which $241.4 million was non-recurrent operations, representing 76 percent. Maritime revenue in the fourth quarter of 2020 was $197.5 million. Maritime revenue for the full-year 2020 was $751.2 million, mainly due to the disincorporation of the Tugboats business, the decrease in the number of calls in Bulk Carriers, and deferred works in the Shipyard segment; partially offset by an increase of operation in the Offshore segment and larger volume transported by Parcel Tankers. Maritime operating income in the fourth quarter of 2020 was $36.7 million, compared to $58.1 million during the same period in 2019. Full-year 2020 Maritime operating profit was $74.5 million, mainly due to the disincorporation of the Tugboats segment, as well as the performance in the Offshore segment and Shipyard, partially offset by a better margin in Parcel Tankers and Bulk Carriers Maritime EBITDA in the fourth quarter of 2020 was $46.5 million. For the full-year 2020, Maritime EBITDA was $116.3 million. Maritime accumulated EBITDA margin in 2020 was 15.5 percent. Ports and Terminals revenue in the fourth quarter of 2020 was $67.6 million. Ports and Terminals revenue for the full-year 2020 was $313.0 million, mainly due to the sharp drop of calls off cruise ships since mid-March because of the mobility restriction and border closure caused by the COVID-19 pandemic, as well as the interruption of gravel maneuvered in the Port of Tuxpan, partially offset by a gradual reopening of automotive plans. Ports and Terminals operating results in the fourth quarter of 2020 reported a loss of $9.5 million. During the full-year 2020, Ports and Terminals operating results reported a loss of $17.4 million, mainly due to the decrease of operation in API Acapulco, passenger’s mobility restrictions caused by the COVID-19 pandemic, and the drop in the export activity, as well as the performance in the Shipping Agencies segment due to the cancellation of calls of cruise, partially offset for a larger number of maneuvers in Intermodal Terminal and Automotive due to the gradual recovery in this sector. Ports and Terminals EBITDA in the fourth quarter was $0.4 million. During the full-year 2020, Ports and Terminals EBITDA was $20.6 million; accumulated EBITDA margin was 6.6 percent. Warehousing Services revenue in fourth quarter 2020 were $31.3 million. Full-year 2020 revenue for Warehousing Services was $138.8 million. DEBTAs of December 31, 2020, Grupo TMM net debt was $39.7 million. It should be noted that at the end of the fourth quarter of 2020, Short-Term Debt was $129.1 million and cash position was $143.0 million. Total Debt* – Millions of Mexican Pesos – As of 12/31/20As of 12/31/19Short-Term Debt$129.1$139.2Long-Term Debt 53.6 118.7Total Debt $182.7$257.9Cash 143.0 512.8Net Debt$39.7$0.00 Short-Term Leases$29.3$60.6Long-Term Leases 131.5 526.8Leases IFRS 16$160.8$587.4 Stockholders’ Equity$2,247.6$2,422.8Book value per share$22.0$23.71 *Book Value Headquartered in Mexico City, Grupo TMM is a Mexican Maritime-management transportation and logistics Company. Through its branch offices and network of subsidiary companies, Grupo TMM provides a dynamic combination of Maritime services port management and logistics. For more information on Grupo TMM, please visit the company’s web site at www.grupotmm.com. The site offers Spanish/English language options. Included in this press release are certain forward-looking statements within the meaning of Section27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements speak only as of the date they are made and are based on the beliefs of the Company's management as well as on assumptions made. Actual results could differ materially from those included in such forward-looking statements. Readers are cautioned that all forward-looking statements involve risks and uncertainty. The following factors could cause actual results to differ materially from such forward-looking statements: global, US and Mexican economic and social conditions; the effect of the North American Free Trade Agreement on the level of US-Mexico trade; the condition of the world shipping market; the success of the Company's investment in new businesses; risks associated with the Company's reorganization and restructuring; the ability of the Company to reduce corporate overhead costs; the ability of management to manage growth and successfully compete in new businesses; and the ability of the Company to restructure or refinance its indebtedness. These risk factors and additional information are included in the Company's reports on Form 6-K and 20-F on file with the United States Securities and Exchange Commission. Financial tables follow Grupo TMM, S.A.B. and SubsidiariesBalance Sheet* - Millions of Pesos - December 31, December 31, 2020 2019 Current assets: Cash and cash equivalents Cash in cash and banks 50.1 127.9 Cash and temporary investments 53.1 342.7 Restricted cash 39.7 42.2 Total cash and cash equivalents 143.0 512.8 Accounts receivable Accounts receivable – Net 228.4 507.4 Other accounts receivable 60.7 115.8 Taxes to be recovered 200.5 306.0 Prepaid expenses and others current assets 86.4 83.7 Total current assets 718.9 1,525.6 Taxes to be recovered long term238.0 - Property, machinery and equipment 2,894.8 2,629.3 Cumulative Depreciation (366.1) (345.8)Property, machinery and equipment – Net 2,528.7 2,283.5 Rights of use 161.7 560.1 Other assets 187.5 194.6 Total assets 3,834.8 4,563.8 Current liabilities: Bank loans and current maturities of long-term liabilities 129.1 139.2 Leases short-term 29.3 60.6 Suppliers 229.1 262.2 Other accounts payable and accrued expenses 526.1 587.1 Total current liabilities 913.5 1,049.0 Long-term liabilities: Bank loans 53.6 118.7 Leases long-term 131.5 526.8 Deferred taxes 311.5 248.2 Other long-term liabilities 177.0 198.2 Total long-term liabilities673.7 1,092.0 Total liabilities1,587.2 2,141.0 Total stockholders´ equity 2,247.6 2,422.8 Total liabilities and stockholders´ equity 3,834.8 4,563.8 *Prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board. Grupo TMM, S.A.B. and Subsidiaries*Statement of Income - Millions of Pesos - Three months ended Year ended December 31, December 31, 20202019 20202019 Maritime 197.5 213.0 751.2 868.5 Ports and Terminals 67.6 113.7 313.0 435.3 Warehousing Services 31.3 39.4 138.8 171.9 Revenue from freight and services 296.5 366.1 1,203.1 1,475.7 Maritime (151.1) (133.2) (634.9) (652.2)Ports and Terminals (67.2) (78.0) (292.4) (355.3)Warehousing Services (33.1) (0.8) (124.5) (132.8)Cost of freight and services(251.3) (212.1) (1,051.9) (1,140.2)Maritime (9.8) (21.7) (41.8) (66.3)Ports and Terminals (9.9) (18.9) (38.0) (34.7)Warehousing Services (2.9) (40.7) (34.1) (41.5)Depreciation and amortization (22.5) (81.4) (113.8) (142.5)Maritime 36.7 58.1 74.5 150.0 Ports and Terminals (9.5) 16.7 (17.4) 45.4 Warehousing Services (4.6) (2.1) (19.8) (2.4)Results by business 22.6 72.7 37.3 193.0 Corporate expenses (16.7) (43.8) (96.3) (173.7)Corporate depreciation and amortization (1.9) (10.1) (16.0) (40.4)Non-recurring (expenses) income (59.9) 198.8 (241.4) 233.9 Operating (loss) gain (55.9) 217.5 (316.3) 212.8 Financial (expenses) income - Net (8.1) (15.0) (35.0) (71.6)Leases financial expenses (4.6) (28.9) (26.6) (70.2)Exchange gain (loss) - Net 29.2 18.1 (25.1) 24.9 Net financial cost16.5 (25.7) (86.6)(116.9)(loss) gain before taxes(39.4)191.8 (403.0)95.9 Provision for taxes(35.9)(62.5) - (64.6)Net (loss) gain for the period(75.3)129.3 (403.0)31.3 Attributable to: Minority interest(0.1)0.9 (5.0)(0.8)Equity holders of GTMM, S.A.B. (75.2) 128.4 (398.0) 32.1 Weighted average outstanding shares (millions)102.183 102.183 102.183 102.183 Income (loss) earnings per share (pesos/share) (0.7) 1.3 (3.9) 0.3 Outstanding shares at end of period (millions)102.183 102.183 102.183 102.183 Income (loss) earnings per share (pesos/share) (0.7) 1.3 (3.9) 0.3 *Prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board. Grupo TMM, S.A.B. and subsidiaries*Statement of Cash Flow- Millions of Pesos - Three months ended Year ended December 31, December 31, 20202019 20202019 Cash flow from operation activities: Net (loss) gain for the period(75.3)129.3 (403.0)31.3 Charges (credits) to income not affecting resources: Depreciation & amortization24.7 91.5 131.1 182.9 Deferred taxes33.5 (35.1) (31.1)(35.1)Other non-cash items34.2 (214.9) 195.9 (200.8)Total non-cash items92.4 (158.5) 296.0 (53.0)Changes in assets & liabilities39.0 (28.5) (82.5)(18.3)Total adjustments131.4 (187.0) 213.5 (71.3)Net cash provided by (used in) operating activities56.1 (57.7) (189.5)(40.0) Cash flow from investing activities: Proceeds from sales of assets0.8 546.5 7.7 672.7 Payments for purchases of assets(3.6)(29.5) (24.9)(98.7)Net cash (used in) provided by investment activities(2.9)517.0 (17.2)573.9 Cash flow provided by financing activities: Short-term borrowings (net)(6.0)(63.0) (35.2)(107.3)Repayment of leases(12.7)(87.7) (83.0)(134.2)Proceeds from (repayment of) long-term debt(65.2)(61.9) (79.8)(88.4)Net cash used in financing activities(83.9)(212.6) (198.0)(329.9)Exchange effect on cash(14.8)(8.6) 34.9 (9.4) Net decrease in cash(45.5)238.0 (369.8)194.6 Cash at beginning of period188.5 274.8 512.8 318.2 Cash at end of period143.0 512.8 143.0 512.8 *Prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board. TMM COMPANY CONTACT:AT DRESNER CORPORATE SERVICES:Luis Rodolfo Capitanachi Dagdug, CFO Nathan Abler (investors, analysts, media)011-52-55-5629-8866714-742-4180Luis.Capitanachi@tmm.com.mx firstname.lastname@example.org Mauricio Monterrubio, Investor Relations 011-52-55-5629-8866 email@example.com
NEW YORK, March 01, 2021 (GLOBE NEWSWIRE) -- Haymaker Acquisition Corp. III (the "Company") today announced the pricing of its initial public offering of 30,000,000 units at a price of $10.00 per unit. The units will be listed on the NASDAQ Capital Market (“NASDAQ”) and trade under the ticker symbol “HYACU” beginning on March 2, 2021. Each unit consists of one share of Class A common stock and one-fourth of one redeemable warrant, with each whole warrant exercisable to purchase one share of Class A common stock at a price of $11.50 per share. After the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be listed on the NASDAQ under the symbols "HYAC" and "HYACW," respectively. The Company is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company intends to acquire and operate a business in the consumer and consumer-related products and services industries. The Company is led by Chief Executive Officer and Executive Chairman Steven J. Heyer, President Andrew R. Heyer, and Chief Financial Officer Christopher Bradley. Citigroup and Cantor Fitzgerald & Co. are acting as bookrunners and representatives of the underwriters of the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 4,500,000 units at the initial public offering price to cover over-allotments, if any. The offering is being made only by means of a prospectus. When available, copies of the prospectus relating to the offering may be obtained from Citigroup, Attention: Prospectus Department, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at (800) 831-9146; or from Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue, 5th Floor New York, New York 10022, or by email: firstname.lastname@example.org. A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the "SEC") on March 1, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Forward Looking Statements This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and preliminary prospectus for the offering filed with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. Contact HaymakerIII@icrinc.com
The assembly of Myanmar’s modern surveillance State has depended partly on patrons like China and Russia that have few qualms about equipping authoritarians
ELK GROVE, Calif. — The majority of California's 6.1 million public school students could be back in the classroom by April under new legislation announced Monday by Gov. Gavin Newsom and legislative leaders. Critics panned the plan as inadequate. Most students in the nation's most populous state have been learning from home for the past year during the pandemic. But with new coronavirus cases falling rapidly throughout the state, Newsom and lawmakers have been under increasing pressure to come up with a statewide plan aimed at returning students to schools in-person. If approved by the Legislature, the plan announced Monday would not order districts to return students to the classroom and no parents would be compelled to send their kids back to school in-person. Instead, the state would set aside $2 billion to pay districts that get select groups of students into classrooms by the end of the month. Crucially, the legislation does not require districts to have an agreement with teachers' unions on a plan for in-person instruction. That's a barrier that many districts, including the nation's second-largest district in Los Angeles, have not been able to overcome. It also does not require all teachers be vaccinated, as teacher unions had urged and that could take months given the nation's limited supply of vaccine. The legislation would make it state law that 10% of the state's vaccine supply be set aside specifically for teachers and school staff. "You can’t reopen your economy unless you get your schools reopened for in-person instruction,” said Newsom, who announced the deal with state Senate President Pro Tempore Toni Atkins and Assembly Speaker Anthony Rendon at an elementary school in the Elk Grove Unified School District just south of Sacramento. The district, one of the first in the country to halt in-person learning last year because of the coronavirus, plans to return to in-person instruction later this month. The state's two largest teachers unions mostly praised the agreement, with California Federation of Teachers President Jeff Freitas calling the prioritization of vaccines for teachers “a huge victory.” Kevin Gordon, a lobbyist representing many of the state's school districts, called the plan “a grand slam home run," saying it “dismantled every impediment to reopening that we've had so far.” The announcement comes at a critical time for Newsom, who could face a recall election later this year fueled by anger over his response to the pandemic. Kevin Faulconer, the former Republican mayor of San Diego who already has announced his candidacy, said the plan Newsom announced “isn’t even close to good enough for our kids and teachers.” “For months, Newsom has ignored science and left public schools across our state shuttered while private schools are open,” Faulconer said. “For him to tout this as an accomplishment after months of inexcusable failures shows how out of touch he is, and why he should be recalled.” In addition to the $2 billion, the legislation would give all school districts access to $4.6 billion to help students who have struggled with learning from home. Districts could use this money to add another month to the school year or they could spend it on counselling and tutoring for students who need the most help. To get their slice of the $2 billion, districts in counties under the state's most restrictive set of coronavirus rules — known as the purple tier — must offer in-person learning for transitional kindergarten through second grade, plus certain vulnerable students in all grades. This includes students who are disabled, homeless, in foster care, learning English, don't have access to technology or are at risk of abuse and neglect. Counties in the next group, known as the red tier, must offer in-person instruction for all elementary school grades, plus at least one grade each in middle and high schools. With new coronavirus cases falling, Newsom said he expects most counties to be in the red tier by the end of the month. Districts that meet the March 31 deadline get full compensation based on a complicated formula, while those that meet the standards after April 1 get less money. Districts that fail to have children back in classrooms before May 15 won’t get any money. The bill does not say how long students must be in the classroom each week. That concerns Jonathan Zachreson, founder of the parent group Reopen California Schools, who says districts could offer classroom instruction for a few hours one day per week and still get the money. He predicted many parents will get excited reading headlines from Monday's announcement, only to end up frustrated. “It does not compel any school district to open other than just bribing them with extra money,” he said. “We need to have higher standards for what in-person learning means.” Newsom dismissed those concerns, saying he is “confident people won’t be gaming the system that way.” Megan Bacigalupi, a parent advocate with Open Schools California, said she worried there was no urgency to get middle and high school students back to classrooms, noting the agreement does not require all of those students to return for in-person learning. “Framing this as a reopening deal is blind to the fact that there will be kids that will not be back in school this year," she said. California Teachers Association President E. Toby Boyd praised the legislation for recognizing the union’s safety concerns, which were broadcast to state residents in television ads that started running last month. But he criticized the plan for only requiring coronavirus testing in schools located in counties where the coronavirus is the most widespread. ___ This story has been corrected to say the state has set aside $2 billion, not $6.6 billion, that districts can tap if they return to in-person learning. The remaining $4.6 billion is not contingent on a return to classrooms. ___ Associated Press writers Kathleen Ronayne in Sacramento and Amy Taxin in Orange County contributed reporting. Adam Beam, The Associated Press
The music industry icon championed stars including Kylie Minogue and brought huge acts to Australia.
VANCOUVER, BC / ACCESSWIRE / March 1, 2021 / Legend Power® Systems Inc. (TSXV:LPS)(OTCQB:LPSIF) ("Legend Power" or the "Company"), a global leader in commercial electrical system solutions, today reported its Q1 2021 financial results for the three months ended December 31, 2020.
TALLAHASSEE, Fla. — Florida officials are recommending that the state's antiquated unemployment processing system be replaced after a review confirmed what had long been known: a broken system full of glitches that was incapable of handling the unprecedented deluge of jobless claims spawned by the coronavirus outbreak. The state's Department of Economic Opportunity is recommending that the current system, known as CONNECT, be discarded and replaced with a more robust and modern system that employs cloud-based technology that could allow the system to more nimbly respond to increased demands. The department, which oversees the state's unemployment system, is asking lawmakers for $73 million over the next two years to modernize the system that left hundreds of thousands of jobless Floridians without unemployment checks for weeks and sometimes months. The director of the agency, Dane Eagle, told lawmakers Monday that Florida was not alone in its struggles. “We are far behind in where we need to be,” he said. “Florida is not the only state to experience these challenges." But as the unemployment rate surged when businesses closed, Florida was among the slowest states — if not the slowest — in getting unemployment checks to those with no other income to pay mortgages, rents and other necessities. Glenn Barca, a 53-year-old self-employed driver who had to max out his credit cards to pay bills and groceries while waiting months for his unemployment checks, said it took 70 to 80 attempts just to complete a simple application process because the website repeatedly crashed. “The process was a nightmare,” said Barca, who typically makes the bulk of his income during Florida’s busy tourist season until the pandemic halted travel. “Although late, it’s still never too late to try and get answers so we can hopefully begin to see drastic changes,” he said Monday. Gov. Ron DeSantis, who likened the benefits claim system to an “old jalopy” breaking down at the Daytona 500, ordered the inspector general to investigate. The Economic Opportunity Department launched a review of its own, and the results were presented Monday to the legislative select committee on pandemic preparedness and response. The report makes clear that the system was neither prepared nor responsive at a time of crisis, when some 1.3 million Floridians, at the peak of unemployment in April, tried to access benefits through online portals that continually crashed or phone systems that only added to frustrations. The long awaited inspector general’s report could be released in a matter of weeks. The inspector general’s findings are current being reviewed by economic opportunity officials. The CONNECT system prompted concern from the start. Soon after the online portal launched in October 2013, it was beset by system crashes that prevented people from claiming benefits. Despite previous audits that identified numerous glitches, many of the problems were never addressed. Those same system failures prevented people from accessing the system. Tonya Olson, a physical therapist, waited three months for her first payment due to the faulty system. She had to borrow money from a friend and had to move twice so she could afford rent. She criticized DeSantis, saying he turned his back on hard working Floridians “when they needed leadership, support and protection from the effects of a worldwide pandemic,” she said. “So much unnecessary suffering has occurred as people‘s lives were upended through no fault of their own. Tragic, heartbreaking and criminal.” Critics warned that the system was doomed to fail. “Unfortunately, as it turns out, we were absolutely correct," said Democratic state Rep. Evan Jenne, the House minority co-leader. Since the start of the pandemic, more than 3.1 million people have filed unemployment claims in Florida. The state has paid out more than $23.1 billion in benefits — less than a fourth of that from the state's reemployment assistance program. The rest of the funds came from federal pandemic relief packages, some of it earmarked to supplement meagre unemployment checks and to provide benefits to gig workers and others who were not eligible for traditional state benefits. The state's electronic portal was initially unable to process claims filed by freelancers and other independent contractors, adding to confusion, frustration and anger. The state eventually put in place a parallel electronic system to handle claims from nontraditional workers. In fact the state's electronic portal was so overwhelmed that state officials reverted to filing claims on paper forms. As part of its just-completed review, the Department of Economic Opportunity is also asking lawmakers for authority to establish an Office of Accountability and Transparency, but it was unclear in a presentation submitted to the pandemic committee exactly what its role would be. In addition, it wants to create a Reemployment Assistance Modernization Strategic Planning Office to oversee the modernization effort. The new money requested by the Economic Opportunity Department adds to the $39 million COVID-19-related outlays in its current year budget. The $73 billion being requested for the next two years would nearly double the department’s budget during the same time period. A more modest $8 million is also being requested to supplement the department's typical annual budget of $41.3 million in the three years after. Before the pandemic, the Reemployment Assistance System budget was about $12 million annually. Meanwhile, the state’s Unemployment Benefit Trust Fund has been dramatically depleted. Its balance is now just $777 million -- less than a fifth of the $4 billion it had before the pandemic. Bobby Caina Calvan, The Associated Press
Twitter is bolstering its efforts to point out misinformation on the platform, a problem that has been rampant through the pandemic.
Newly re-elected Nunavut Tunngavik Inc. (NTI) President Aluki Kotierk is disappointed but not surprised that the plan to modernize the Official Languages Act is “similar” to when it was created in 1969 and made Canada an officially bilingual country. The modernization plan was unveiled Feb. 19 by Canadian Heritage Minister Mélanie Joly. “The modern reality in Canada is that there is a jurisdiction where both official languages of Canada are a minority language,” said Kotierk. “I think in 1969 that was never imagined and I think the document that Minister Joly put out still does not reflect that. It still talks about minority official languages and makes the assumption that English is the minority language in Quebec and everywhere else English is the majority language and that French is the minority language. But that’s not the case in Nunavut.” According to the 2016 Statistics Canada census, Nunavut is home to 22,600 Inuit who list a “non-official” language as their mother tongue compared to 11,020 who claim English and 595 who claim French. Nunavut became a territory in 1999. The modernization language act plan states it will be based on six “guiding principles.” Among those is “the recognition of linguistic dynamics in the provinces and territories and existing rights regarding Indigenous languages.” It also notes that “as for Nunavut and the Northwest Territories they officially recognize English, French and some Indigenous languages as official languages….” As far as Kotierk is concerned, these statements are merely an inventory of languages spoken and officially recognized in Nunavut. “I think it could have gone further to have a scan of the linguistic population. When you read that, no one, unless you’re aware, would think that ‘Oh, a jurisdiction (in which) both English and French must be a minority,’ in the case of Nunavut,” said Kotierk. Another concern voiced by Kotierk is whether changes to the legislation is being looked at through the lens of the Nunavut Settlement Area agreement, which was signed between the federal government and Tungavik Federation of Nunavut and came into law in 1993. Article 23, she points out, speaks to a representative work force, ensuring that 85 per cent of the public service is Inuit. “Yet in this document from Minister Joly, it talks about how the government is committed to ensuring Anglophones and Francophones have equal opportunity to pursue careers in the federal institutions. I read that and (thought) what about the Nunavut agreement and the constitutionally protected rights of Inuit to be employed in the public service and a linguistic requirement to speak French cannot limit that,” said Kotierk. The modernization document does reference Inuit employment and training, stating “support(ing) the recruitment and retention of public servants that reflect the diversity of the Canadian population, the government will recognize a more inclusive application of official language requirements. This more inclusive application will take into account positions requiring Indigenous cultural or linguistic competences” and “the government will elaborate and use second language training framework for the public service that will ensure quality instruction and be adapted to learner specific needs. Notably this framework will take into account the specific needs of Indigenous persons.” Kotierk is unclear what either of these administrative proposals mean, although they emphasize the need for public servants to know both English and French and omit Inuktut. “Even that sits wrong with me. It's still part of the whole colonial vehicle: ‘you have to learn our language’….There’s no recognition that you already speak your language and can provide and are totally capable of providing public services in your own languages,” she said. When the Indigenous Languages Act was introduced and passed in 2019, Kotierk voiced her disappointment that it did not acknowledge Inuktut as an official language in Nunavut even though 85 per cent of the population is Inuit. It meant federal services and other public services would not be offered in the language spoken overwhelmingly by the residents. This January in a five-day symposium hosted by Canadian Heritage to look at different aspects of the Indigenous Languages Act, Kotierk spoke passionately about her ‘failing’ to “help the federal government understand that Inuit want to live with dignity in their own homeland.” That dignity included being served in their own language. In her presentation at the symposium, Kotierk described the public safety concerns of not recognizing Inuktut as an official language. She described an incident in mid-January in which a unilingual Inuktut speaking Elder had traveled to the territory’s capital with a young toddler. “Upon arrival to the airport they called the patient’s boarding home to ask for a pick up. The person who answered the phone was unable to speak and understand Inuktut. Without getting into the attitude of the person on the end of the phone, the result was that the Elder proceeded to start their walk from the airport to the boarding home with a small toddler in tow in mid-winter. Think about how undignified it must have felt for the unilingual Inuktut speaking Elder who cannot function and meet basic needs in their day-to-day life because they are unable to speak English or French – in their own homeland – to boot!” At that symposium both the Métis National Council and the Assembly of First Nations voiced their support to have Inuktut as the public service language in Nunavut. It had been Kotierk’s hope that the modernization of the Officials Languages Act would deliver what the Indigenous Languages Act did not. But that hasn’t happened. Kotierk says they will continue to take action, which will include increasing the number of deliveries of the teacher education program to ensure that there are more Inuktut-speaking Inuit teachers in the school system and be “proactive” to ensure there are more Inuit working in the health system and all areas across the public service. There is no meeting scheduled with Joly or officials of her department, but Kotierk says there is an Inuit-Crown partnership meeting tentatively scheduled for April 1 and will include Prime Minister Justin Trudeau and a number of yet-unnamed Cabinet ministers. “We will continue to bring attention to the fact we’re the only jurisdiction where homogeneously we speak a public language that's not an official language of Canada and we will continue to advocate to ensure that Inuit are provided public essential services required in Inuktut so Inuit can live in dignity in Canada,” said Kotierk. Windspeaker.com By Shari Narine, Local Journalism Initiative Reporter, Windspeaker.com, Windspeaker.com
Malcolm Turnbull says Australian cabinet minister accused of rape must come forwardTurnbull says unnamed minister, who is believed to have denied allegations to prime minister, must disclose what he knew and when Former Australian prime minister Malcolm Turnbull says the cabinet minister accused of rape ‘owes it to his colleagues and the country’ to address the allegations. Photograph: Dan Himbrechts/AAP
New York, New York--(Newsfile Corp. - March 1, 2021) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Tricida, Inc. (NASDAQ: TCDA) alleging that the Company violated federal securities laws.Class Period: September 4, 2019 and October 28, 2020Lead Plaintiff Deadline: March 8, 2021Learn more about your recoverable losses in TCDA:http://www.kleinstocklaw.com/pslra-1/tricida-inc-loss-submission-form?id=13217&from=5The filed complaint alleges that Tricida, Inc. made materially false and/or misleading statements and/or failed ...
NEW YORK, March 01, 2021 (GLOBE NEWSWIRE) -- DHB Capital Corp. (the “Company”) announced today that it priced its initial public offering of 25,000,000 units, at $10.00 per unit. The units will be listed on The Nasdaq Capital Market (“Nasdaq”) and trade under the ticker symbol “DHBCU” beginning March 2, 2021. Each unit consists of one share of Class A common stock and one-third of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. Only whole warrants are exercisable. Once the securities comprising the units begin separate trading, the shares of Class A common stock and redeemable warrants are expected to be listed on Nasdaq under the symbols “DHBC” and “DHBCW,” respectively. The Company is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any industry, it currently intends to concentrate its efforts in identifying businesses in the financial and business services industry, with a focus on differentiated financial services and financial services-adjacent platforms. The Company is led by Richard M. DeMartini, Co-Executive Chairman, Robert J. Hurst, Co-Executive Chairman, and Alex Binderow, Chief Executive Officer, President and Director. BofA Securities and RBC Capital Markets, LLC are acting as joint book-running managers in the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,750,000 units at the initial public offering price to cover over-allotments, if any. The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from BofA Securities, Attention: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, or by emailing email@example.com; or RBC Capital Markets, LLC, Attn: RBC Capital Markets, LLC, Attn: Equity Syndicate, 200 Vesey Street, 8th Floor, New York, New York 10821, telephone: (877) 822-4089 or email: firstname.lastname@example.org. A registration statement relating to the securities has been filed with, and was declared effective by, the U.S. Securities and Exchange Commission (the “SEC”) on March 1, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Forward-Looking Statements This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the Company’s offering filed with the SEC. Copies of these documents are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. Contact Alex Binderow Chief Executive OfficerDHB Capital Corp.5 Brewster Street #2105Glen Cove, NY 11542Tel: (646) 450-5664
OTTAWA — A national panel of vaccine experts says provinces should not use the Oxford-AstraZeneca COVID-19 vaccine on seniors, opening the door for provinces to start vaccinating younger populations with the newly authorized vaccine much earlier than expected. But similar advice initially issued in Europe began to be revisited Monday, with France overturning its earlier decision against using it on seniors, and Germany in the midst of reconsidering it. The Oxford-AstraZeneca vaccine was authorized for use Friday on all adults, including seniors, but the National Advisory Committee on Immunization is concerned there is limited data on how well the vaccine will work in older populations. There are no concerns that the vaccine is unsafe for use, but the NACI panel said in its recommendations the mRNA vaccines from Pfizer-BioNTech and Moderna are preferred for people 65 years old and above "due to suggested superior efficacy." NACI says Oxford-AstraZeneca should be offered to people under 65 as long as the benefits of getting a good vaccine earlier outweigh any limitations the vaccine may have in terms of effectiveness. Individuals should be made aware of those limitations and how long they might otherwise wait for an mRNA vaccine, the advice says. The panel's advice helps provincial governments determine how best to use the vaccines available to them, but provinces can make their own calls about what to do. It will now be up to provinces to determine if they open up vaccinations with Oxford-AstraZeneca to individuals under the age of 65. Until now, provinces have not anticipated expanding the vaccination campaign to include people younger than that for several more months, most in what they call Phase 2 or even Phase 3, of their vaccine program. Alberta Health Minister Tyler Shandro said the provincial government has decided to follow NACI's advice and not give Oxford-AstraZeneca to anyone over the age of 65. "How that's going to change the administration of those who are in Phase 2 is still to be determined," he said. "We'll be making those decisions and announcing them fairly soon." The NACI advice follows similar plans in many European countries. The European Medicines Agency said the vaccine could be used on all adults, but a number of countries decided not to use it for seniors because of the limited clinical data. However, France reversed course Monday, with French Health Minister Olivier Véran saying Oxford-AstraZeneca was, along with Pfizer-BioNTech and Moderna, remarkably effective against COVID-19. A study released last week by Public Health Scotland, where the Oxford-AstraZeneca vaccine has been in use since Dec. 30, found COVID-19-related hospital admissions among seniors fell 94 per cent after getting the vaccine. Nearly 500,000 people in the study had received the Oxford-AstraZeneca vaccine, most of them over the age of 80. When vaccines are tested in clinical trials, thousands of participants get the vaccine and a similar number receive a placebo. The vaccine maker then waits until a minimum number of people are infected with COVID-19, and compares how many of those infected got the vaccine and how many did not. Not enough seniors were among the group who did get infected with COVID-19 to be useful to draw conclusions in the Oxford-AstraZeneca trial. However, data on blood samples showed seniors given the vaccine did develop the antibodies to COVID-19 in similar levels to younger individuals. Pifzer-BioNTech and Moderna both had more substantial data for older participants in the clinical trials. Both Pfizer-BioNTech and Moderna reported about 95 per cent effectiveness at preventing COVID-19 overall, while Oxford-AstraZeneca reported its vaccine to be about 62 per cent effective. Dr. Supriya Sharma, the chief medical adviser at Health Canada overseeing the regulatory review, said Health Canada's authorization is not out of step with the NACI recommendations. Sharma said Health Canada noted the concerns about clinical data but authorized the vaccine for use because the data showed the vaccine to be both safe and effective in all adults. "I agree with the recommendation," she said Monday in an interview with The Canadian Press. She said the preference is for those most vulnerable to get the vaccines with the best data available, but for those who are less vulnerable, getting this vaccine now could provide a significant benefit to them and to reducing overall COVID-19 caseloads. This report by The Canadian Press was first published March 1, 2021. Mia Rabson, The Canadian Press
Coronavirus crisis unlikely to be over by the end of the year, WHO warns. Dr Michael Ryan says Covid-19 is ‘very much in control’ as global infections rise for first time in almost two months
The United States reported a 3% decline in new cases of COVID-19 last week, a much smaller drop than in the previous six weeks, as health officials warned that progress against the global pandemic was stalling.Dr. Rochelle Walensky, director of the U.S. Centers for Disease Control and Prevention on Monday said she was deeply concerned about a potential shift in the trajectory of the pandemic. “These data are evidence that our recent declines appear to be stalling, stalling at over 70,000 cases a day. With these new statistics, I am really worried about reports that states are rolling back the exact public health measures we have recommended to protect people from COVID-19."This news comes as the World Health Organization Director General Tedros Adhanom Ghebreyesus announced an increase in global COVID-19 cases for the first time in 7 weeks. “Some of it appears to be due to relaxing of public health measures, continued circulation of variants and people letting down their guard. Vaccines will help to save lives. But, if countries rely solely on vaccines, they are making a mistake."He noted that Ghana and the Ivory Coast became the first countries on Monday to begin vaccinating people with doses supplied by COVAX, the international program to provide vaccines for poor and middle-income countries.But he also criticized rich countries for hoarding vaccine doses, saying that it was in everyone's interest for vulnerable people to be protected around the world."It's regrettable that some countries continue to prioritize vaccinating younger healthier adults at lower risk of diseases in their own populations, ahead of health workers and older people elsewhere."Meanwhile, the WHO’s top emergency expert Mike Ryan added that while it is too early to say that the virus was under control, the global fight against COVID-19 is in a better state now than it was 10 weeks ago before the vaccine rollout began.
Anna Ruch claims Mr Cuomo touched her bare back and face at wedding reception before asking to kiss her
LEAWOOD, KS / ACCESSWIRE / March 1, 2021 / TortoiseEcofin today announced that TC Pipelines, LP (NYSE:TCP) will be removed from the Tortoise MLP Index® (TMLP) and the Tortoise North American Pipeline IndexSM (TNAP) as a result of the approved merger with a wholly owned subsidiary of TC Energy Corporation (NYSE:TRP). Due to the merger, TCP will be removed from both indices at market open on Wednesday, March 3, 2021.
A court hearing for 47 democracy activists charged under Hong Kong's national security law was set to resume Tuesday after a marathon session that was adjourned well past midnight after one defendant appeared to collapse and was taken away in an ambulance. The court is weighing whether to grant bail to the activists, who were detained and charged Sunday over their involvement in an unofficial primary election last year that authorities say was part of a plot to paralyze Hong Kong's government. The national security law, which China imposed on Hong Kong eight months ago in response to months of anti-government protests, makes it a crime to overthrow, seriously interfere in, disrupt or undermine Hong Kong's government.