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NEW YORK (AP) — A gunman killed UnitedHealthcare’s CEO on Wednesday in a “brazen, targeted attack” outside a Manhattan hotel where the health insurer was holding its investor conference, police said, setting off a massive search for the fleeing assailant hours before the annual Rockefeller Center Christmas tree lighting nearby. Brian Thompson, 50, was shot around 6:45 a.m. as he walked alone to the New York Hilton Midtown from a nearby hotel, police said. The shooter appeared to be “lying in wait for several minutes” before approaching Thompson from behind and opening fire , New York City Police Commissioner Jessica Tisch said. Police had not yet established a motive. “Many people passed the suspect, but he appeared to wait for his intended target,” Tisch said, adding that the shooting "does not appear to be a random act of violence.” Surveillance video reviewed by investigators shows someone emerging from behind a parked car, pointing a gun at Thompson’s back, then firing multiple times from several feet away. The gunman continues firing, interrupted by a brief gun jam, as Thompson stumbles forward and falls to the sidewalk. He then walks past Thompson and out of the frame. “From watching the video, it does seem that he’s proficient in the use of firearms as he was able to clear the malfunctions pretty quickly,” NYPD Chief of Detectives Joseph Kenny said. Thompson was shot at least once in the back and once in the calf, Tisch said. The shooter, who wore a jacket, face mask and large backpack, fled through Midtown on foot before pedaling an electric bike into Central Park a few blocks away, police said. The assailant remained at large Wednesday afternoon, sparking a search that included police drones, helicopters and dogs. “Brian was a highly respected colleague and friend to all who worked with him,” the insurer’s Minnetonka, Minnesota-based parent company, UnitedHealth Group Inc., said in a statement. "We are working closely with the New York Police Department and ask for your patience and understanding during this difficult time.” Police issued a poster showing a surveillance image of the man pointing what appeared to be a gun and another image that appeared to show the same person on a bicycle. Minutes before the shooting, he stopped at a nearby Starbucks, according to additional surveillance photos released by police on Wednesday afternoon. They offered a reward of up to $10,000 for information leading to an arrest and conviction. Thompson’s wife, Paulette Thompson, told NBC News that he told her “there were some people that had been threatening him.” She didn’t have details but suggested the threats may have involved issues with insurance coverage. Eric Werner, the police chief in the Minneapolis suburb where Thompson lived, said his department had not received any reports of threats against the executive. The killing shook a part of New York City that's normally quiet at that hour, happening about four blocks from where tens of thousands of people were set to gather for Wednesday night’s tree lighting. Police promised extra security for the event. The hotel is also a short walk from other tourist sites, including the Museum of Modern Art and Radio City Music Hall, and is often dense with office workers and visitors on weekday mornings. Many security cameras are nearby. “We’re encouraging New Yorkers to go about their daily lives and their daily business but to be alert,” NYPD Chief of Department Jeffrey Maddrey said. Investigators recovered several 9 mm shell casings from outside the hotel and a cellphone from the alleyway through which the shooter fled. They were also searching Thompson's hotel room, interviewing his UnitedHealthcare colleagues and reviewing his social media, Kenny said. Police initially said the shooter rode into Central Park on a bicycle from the city’s bike-share program, CitiBike. But a spokesperson for the program’s operator, Lyft, said police officials informed the company Wednesday afternoon that the bike was not from the CitiBike fleet. Health care giant UnitedHealth Group was holding its annual meeting with investors to update Wall Street on the company's direction and expectations for the coming year. The company ended the conference early in the wake of Thompson's death. “I’m afraid that we — some of you may know we’re dealing with a very serious medical situation with one of our team members,” a company official told attendees, according to a transcript. “And as a result, I’m afraid we’re going to have to bring to a close the event today. ... I’m sure you’ll understand.” Thompson, a father of two sons, had been with the company since 2004 and served as CEO for more than three years. UnitedHealthcare is the largest provider of Medicare Advantage plans in the U.S. and manages health insurance coverage for employers and state-and federally funded Medicaid programs. Minnesota Gov. Tim Walz posted on the social platform X that the state is “sending our prayers to Brian’s family and the UnitedHealthcare team.” “This is horrifying news and a terrible loss for the business and health care community in Minnesota,” the Democrat wrote. Associated Press writers Tom Murphy in Indianapolis, Steve Karnowski in St. Paul, Minnesota, and Anthony Izaguirre in Albany, New York, contributed to this story.
BOSTON , Dec. 13, 2024 /PRNewswire/ -- The China Fund, Inc. (NYSE: CHN) (the "Fund") announced today that the Fund's annual stockholder meeting (the "Meeting") will be scheduled for Thursday, March 13, 2025 , via a virtual forum at 11:00 a.m. ET . Stockholders of record as of January 15, 2025 will be entitled to notice of, and to attend and vote at, the Meeting. The notice for the Meeting will be mailed to shareholders on or about February 10, 2025 . The Fund is a closed-end management investment company with the objective of seeking long-term capital appreciation by investing primarily in equity securities (i) of companies for which the principal securities trading market is in the People's Republic of China (" China "), or (ii) of companies for which the principal securities trading market is outside of China , or constituting direct equity investments in companies organized outside of China , that in both cases derive at least 50% of their revenues from goods and services sold or produced, or have at least 50% of their assets, in China . While the Fund is permitted to invest in direct equity investments of companies organized in China , it presently holds no such investments. Shares of the Fund are listed on the New York Stock Exchange under the ticker symbol "CHN". The Fund's investment manager is Matthews International Capital Management, LLC. For further information regarding the Fund and the Fund's holdings, please call (888)-CHN-CALL (246-2255) or visit the Fund's website at www.chinafundinc.com . View original content: https://www.prnewswire.com/news-releases/the-china-fund-inc-announces-date-of-annual-meeting-of-stockholders-302331705.html SOURCE The China Fund, Inc.
NEW YORK , Dec. 4, 2024 /PRNewswire/ -- Report with the AI impact on market trends - The global smart home market size is estimated to grow by USD 188.3 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 21.21% during the forecast period. Growing consumer interest in home automation is driving market growth, with a trend towards rising number of strategic partnerships and alliances. However, increase in issues related to interoperability poses a challenge. Key market players include ABB Ltd., Allegion Public Ltd. Co., Alphabet Inc., Amazon.com Inc., Apple Inc., ASSA ABLOY AB, Comcast Corp., Honeywell International Inc., Hubbell Inc., Johnson Controls, Legrand SA, LG Corp., Lutron Electronics Co. Inc., Panasonic Holdings Corp., RTX Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Schneider Electric SE, Snap One LLC, and Vivint Inc.. AI-Powered Market Evolution Insights. 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Carbon emission reduction is a growing focus, with smart thermostats, smart sprinkler systems, smart bulbs, smart meters, smart composters, and smart power strips leading the way. The global smart home market is experiencing significant growth, with vendors focusing on creating dependable home automation solutions for various applications, including energy management, lighting control systems, home entertainment, HVAC, smart appliances, and safety and security systems. To meet the increasing demand for smart home systems and products, vendors are consistently upgrading their offerings to maintain a competitive edge. However, compatibility issues between smart home devices can negatively impact both customers and manufacturers. Some devices have encountered challenges with Wi-Fi connectivity, video feed, and video streaming. The absence of connectivity can adversely affect product performance, leading to video streaming problems. Vendors are working diligently to address these concerns and ensure seamless integration of their devices for optimal user experience. Insights into how AI is reshaping industries and driving growth- Download a Sample Report Segment Overview This smart home market report extensively covers market segmentation by 1.1 Home entertainment 1.2 Smart appliances 1.3 Energy management 1.4 Lighting control system and HVAC 1.5 Safety and security system 2.1 Wireless 2.2 Wired 3.1 North America 3.2 Europe 3.3 APAC 3.4 Middle East and Africa 3.5 South America 1.1 Home entertainment- The home entertainment segment leads the global smart home market, driven by the widespread adoption of digital voice assistants or smart speakers. Smart speakers, such as Amazon Echo and Google Home, have revolutionized voice user interfaces, offering an easily accessible, user-friendly interface for entertainment and information retrieval. Applications include music playback, games, answering queries, weather updates, and setting alarms. Notable vendors like Alphabet, Amazon, IKEA Systems, Harman International, and SONOS are capitalizing on this trend, launching innovative products like Amazon's Echo Pop and Google's Nest Hub. In the realm of smart TVs, advancements in technology have led to features like on-demand content, internet browsing, voice or gesture control, and socializing in real-time. Key players like Xiaomi, Samsung, BBK Electronics, Sony, and LG are responding with innovative product launches, such as OnePlus' new Android smart TV and Xiaomi's Smart TV X series. These developments and the increasing demand for home entertainment systems will fuel the growth of the smart home market through the home entertainment segment. Download complimentary Sample Report to gain insights into AI's impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 - 2022) Research Analysis The smart home market is experiencing rapid growth as more and more Internet users embrace the convenience, safety, and energy-saving benefits of IoT-connected devices. From home monitoring systems that keep an eye on temperature, lighting, and energy usage to advanced security systems that detect intrusions and provide real-time alerts, the smart home industry is revolutionizing the way we manage our homes. Smart lighting and temperature control systems offer energy savings and added convenience, while audio/video systems and streaming devices bring entertainment right into the living room. Smart home devices, including cameras, dishwashers, and even refrigerators, are being integrated with AI and machine learning capabilities to provide personalized experiences and automate daily tasks. However, with the increasing number of IoT connections, cybersecurity threats and potential cyberattacks are a growing concern. 5G technology is expected to further boost the growth of the smart home market by enabling faster and more reliable connectivity for IoT devices. Virtual assistants and digital assistance on smartphones and smart speakers add an extra layer of convenience, allowing users to control their homes with voice commands. The future of the smart home industry looks bright, with endless possibilities for innovation and integration of new technologies. Market Research Overview The smart home market is a rapidly growing industry that focuses on enhancing home living through technology. It offers various solutions for home monitoring, energy-saving, and convenience. Smart home systems include safety and security features such as intrusion detection, access control, and home automation control systems. Lighting and temperature control are essential components, along with audio/video systems and compatibility with various IoT devices. Smart homes utilize proactive software, machine learning, and artificial intelligence for behavioral versions. Modular kitchens, house batteries, high-power solar inverters, smart electrical panels, EV chargers, and connected electrical outlets are part of the energy-saving solutions. The market includes smart speakers, modular switches, and Internet users connected through IoT platforms. IoT devices, such as cameras, smart lights, streaming devices, dishwashers, and smartphones, offer digital assistance and virtual assistants. 5G technology and semiconductors enable faster connectivity and advanced functionality. However, cyberattacks and security threats are concerns, requiring security measures. Standalone smart devices like smart bulbs, smart meters, smart composters, smart power strips, and security cameras offer various smart features. Wi-Fi and Bluetooth connectivity are common for most devices. The smart home market encompasses various smart devices, including smart TVs, entertainment centers, and even smart surveillance systems. Carbon emission reduction is a priority, with smart thermostats, smart sprinkler systems, and smart bulbs contributing to energy efficiency. Smart home systems aim to provide a more convenient, secure, and energy-efficient living experience. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation Application Home Entertainment Smart Appliances Energy Management Lighting Control System And HVAC Safety And Security System Technology Wireless Wired Geography North America Europe APAC Middle East And Africa South America 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. 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EDITOR'S NOTE: The original version of this piece was published in November 2019 as The Nassau Guardian observed its 175th anniversary. By Bahamian standards of longevity, The Nassau Guardian has been around since King Hammer was a hatchet, as the old saying goes. And that’s a mighty long time! Indeed the oldest continuously operating institutions in this country today are the legislature, the Anglican Church, the police force, the Baptist then Presbyterian then Methodist churches followed by (after a gap of about 50 years or so) The Nassau Guardian in 1844. From then to now, The Guardian has been an integral part of the life of The Bahamas, not only as a purveyor of pure news (if there is ever such a thing) and chronicler of our history but as a major shaper of public opinion over the past 180 years on a multitude of things, large and small. I offer some reflections on The Guardian ’s evolution over that timespan. Broadly speaking, The Guardian ’s history can be divided into: (1) the Moseley era (from the founding of the newspaper in 1844 until the mid-point of the 20th Century, give or take a few years, and (2) what might be described — unimaginatively, I admit — as the post-Moseley era (from 1955 to the present). The Moseley era (1844 –1955) The dominant figure in The Guardian ’s Moseley era was not its founder and first editor, Edwin Charles Moseley, but rather his granddaughter, Miss Mary Moseley (she died a spinster with neither chick nor child). About 20 years ago, in a piece I wrote on the July 1926 hurricanes, I described Mary Moseley (1878-1960) in these terms: No other woman, before or since, has exercised such influence on public opinion in The Bahamas. Moseley was a woman of many parts, not all of them in harmony with each other. She was (in no particular order) an exemplar of Victorian virtue; a true patriot and staunch supporter of the British Empire (she had received an MBE while in England for services to convalescing British soldiers in World War I); a racial bigot; a woman of great compassion for the poor and needy; doyenne of Bahamian journalists; walking encyclopedia of Bahamian history; publisher and editor of the very first Bahamas Handbook in 1926; pioneering advocate for environmental conservation and civic beautification; and among other social positions, a leading light of the Bahamas Chapter of the Imperial Order of the Daughters of the Empire to which none but the cream of white society dared beg admittance. She was, for certain, an immensely gifted writer with a distinct leaning towards the use of lyrical prose even in her news stories. One striking example would be furnished in her description of the July 1926 hurricane as it was preparing to barrel into Nassau, observing how: “.... the mighty silk cotton trees which with almost uncanny insight promptly shed their leaves and stood gaunt and stripped for battle against the awful strokes of the gale.” Of greater consequence, Moseley was the local media’s voice for what Aaron Burr would have called in his time the “best blood of the country”. She was convinced that it coursed through the veins of the two dominant and closely-leagued political figures of the early 20th Century Bahamas: the speaker of the House of Assembly and the leading member of the legal profession, Harcourt Malcolm (with whom Moseley shared a close friendship and a consuming passion for Bahamian historical research), and Sir George Gamblin, the local head of the Royal Bank of Canada and, next to Malcolm, the most influential member of the House of Assembly. This pair constituted the twin-head of the local political aristocracy (soon to be joined by A.K. [Sir Kenneth] Solomon). Making no apologies for it, Mary Moseley was their most formidable promoter and ardent defender. The Guardian , however, was not all about local politics and international affairs. Thrice weekly, it also covered the births, christenings, betrothals, marriages, anniversaries, scholastic achievements, travels, soirees, amusements, sporting and recreational activities and the illnesses and deaths of the ruling class. Moseley’s Bahamas, as perceived through the lens of The Guardian , was strictly upper crust and, even more so, lily-white. Back then if you wanted to get caught up on what colored folk – 80-85 percent of the population – might be up to in their social lives, you would have to read The Tribune. Moseley had no time for such trifles. The Guardian in the Moseley era became increasingly conservative and uncompromisingly supportive of the racialist policies of the local oligarchy, especially from the 1930s. (By contrast, its nemesis, the Nassau Daily Tribune, under Etienne (later Sir Etienne) Dupuch, was the crusader-in-chief for social reform, racial equality and liberal causes generally, all while maintaining a steadfast loyalty to crown and empire). It was ironic that The Guardian should have cast itself in this rearguard role, considering its genesis. The founder of the newspaper, the first of the Moseleys in The Bahamas, had emigrated from England to work for The Argus, an unabashedly racist and inflammatory newspaper which, under its editor, George Biggs, had been the most outspoken and virulent of the local proponents for the retention of slavery in the run-up to Abolition in 1834. The story that has come down, and there is no reason to think it apocryphal, is that the original Edwin Moseley was so revolted by the racism of The Argus that he declined to take up his appointment, becoming a teacher instead at the recently established King’s College (under the auspices of King’s College, London). Located just off East Street and East Hill Street where the Royal Victoria Hotel would later be established, the school was an intriguing, if ultimately unsuccessful, social experiment for its time, with its consciously non-racial admissions policy and its racially balanced group of shareholders and board of directors. But that is a story for another time. Suffice it to say here that after a few years teaching, E.C. Moseley (as he was referred to) segued into the journalistic career that would occupy the rest of his working life, all of it at The Guardian. Despite the liberalism on race that was evident at the founding of The Guardian , it would not endure. Under Mary Moseley, The Guardian would become ever more dismissive of all the talk about (and later the outcry from certain quarters for) the curtailment of racial discrimination in the body politic and in the society at large. Moreover, it resolutely supported the maintenance of the status quo in relation to virtually all things political and social. To the end, Mary Moseley remained a creature of 19th Century arch-conservative thinking. (Note: Mary Moseley deserves a full-length biography. She was a remarkable lady, especially for her times and considering - ironically again - the systemic discrimination against women that was a mark of those times. In the meantime, those interested in learning more about her should refer to the short monographs written about her a while back by Ruth Bowe [now Madam Justice Ruth Bowe-Darville]; James Lawlor and the late Benson McDermott, himself a former editor of The Guardian) . The post-Moseley era (1955-present) The beginning of the post-Moseley era saw The Guardian falling into the hands of a group that made it no secret that its singular mission was to preserve and perpetuate the hegemony of the local oligarchy which was at that time coalescing into what would soon become the United Bahamian Party. That The Guardian was in this period essentially a propaganda tool for this group, the soon-to-be ancient regime, is not a matter for serious debate. Moreover, the racist policies of The Guardian became even more blatant than they had been in the Moseley Era. Indeed, Sir Etienne Dupuch, in his autobiography, "The Tribune Story” wrote: “Even as late as 1961, The Guardian emphasized in an advertisement in ‘Editor and Publisher’ that it ‘reaches practically 100% of the WHITE population of The Bahamas” (the word “White” really was in caps). Following the achievement of Majority Rule in 1967 under the Progressive Liberal Party (which both The Guardian and the Tribune had found common cause in vigorously opposing), a non-Bahamian/non-resident group headed by a wealthy American, John Perry, bought T he Guardian . They would continue to hold the majority stake for the ensuing 35 years or so until selling out to its present Bahamian owners about 22 years ago. In the post-Majority Rule part of the post-Moseley era to date (longhand for saying from 1967 to the present), it is, I think, fair to say that The Guardian has, for the most part, placed itself in the middle of the political road in its editorial policy notwithstanding that there have been extensive periods within that time swath when it was routinely dismissed by some as being joined-at-the-hip to the FNM or, if not that, biased towards the party in power. Speculation in the latter regard was no doubt fueled by a cynical perception that the Perry Group and later the present owners saw The Guardian as a business opportunity and/or as a support apparatus for their other, more consequential, business interests rather than a furnace to stoke any crusading zeal over the burning issues of the day that they might otherwise have had. Competing for government contracts for the printing of the official Gazette and the like was also seen by some, post 1967 until the '90s at least, as giving rise to a need to curry favor with the party in power by leveraging a neutral or perhaps only mildly critical editorial policy. Whether there is a kernel or two of truth in that is likely never to be known. It’s not something that lends itself to easy confession nor is it the kind of stuff that ends up in tactful memoirs. Be that as it may, looking at The Guardian today, it is fair, I think, to pronounce the following verdict: It is more balanced and objective in its editorial policy and news coverage than it has ever been before. It’s an equal opportunity exposer and slayer of the corrupt and the incompetent, the pompous and foolish alike, no matter which party is in power. Conversely, there is, in my estimation, no shortage of editorials praising the soundness of new ideas and the goodness of men and women when they do good, no matter which side of the political aisle (or wherever else) they might spring from. Some others may see it differently. I do not. Moreover, in terms of the width and breadth of its non-news subjects, The Guardian is today a far more interesting publication than ever before. Moreover, the social and racial snobbery that disfigured the newspaper in the Moseley Era and first decade of the Post-Moseley Era is long gone. If it is indeed correct that today's Guardian should be characterized in the way I have suggested in the last two paragraphs above, what better footing can there be for the nation’s oldest newspaper as it both celebrates its 180th anniversary and launches itself towards the ever-nearer milestone of its bicentenary in 2044. Congratulations and best wishes!