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TORONTO - Canada’s premiers are calling on the federal government to extend the deadline for claiming charitable donations on tax returns through to the end of February. Ontario Premier Doug Ford made the request in a letter to Prime Minister Justin Trudeau on Tuesday, sent in his capacity as chair of the Council of the Federation. Ford says the premiers are echoing calls from charities to help account for a decline in mail-in donations due to the Canada Post strike, which brought letter mail to a standstill for a month starting in mid-November. The premiers are requesting that the federal government extend the deadline from the end of the year to the end of February 2025, which would allow donors to send their cheques later than usual but still get credited for the 2024 tax year. The Salvation Army reported over the weekend that holiday donations had fallen by 50 per cent this year, which it attributes to the strike. Trudeau’s office did not immediately respond to a request for comment. This report by The Canadian Press was first published Dec. 24, 2024.Unlike some automakers that are leveraging economies of scale to engineer an architecture to support both all-electric and gas-powered vehicles, Audi is building both. Its all-new Q6 e-tron is the first Audi model built on the Premium Platform Electric (PPE), dedicated to Audi's even-numbered models like the Q6. Odd-numbered models like the Q5 are built on the corresponding Premium Platform Combustion (PPC). "Some of our competitors have opted for what we call a 'multi-traction' platform so you have one base platform and adapt it to combustion or electric vehicles," Audi EV powertrain development engineer Johannes Haf told Popular Science. "We think that comes with compromises." The 2025 Audi Q6 and its sportier sibling, the SQ6, boast a range of up to 321 miles and 275 miles, respectively. Audi's Mark Dahncke says the upcoming A6 sportback sedan (which will also sit on the same PPE architecture) will do even better than that, approaching 390 miles of range. Get the Popular Science newsletter Breakthroughs, discoveries, and DIY tips sent every weekday. Email address Sign up Thank you! By signing up you agree to our Terms of Service and Privacy Policy. Fittingly, Audi's motto and philosophy–Vorsprung durch Technik, or progress through technology–encompasses the brand's dedication to its precise engineering. Scores of technical explanations are available online; Barry Hoch, senior director of product planning for Audi, invited us to "nerd out" (his words) on the specs, starting with the motor itself. Wiring and welding Hairpin wiring and a direct oil-spray cooling system in the motor's stator, which creates a rotating magnetic field contribute to the overall performance. Audi says the "fill factor," or energy density, has increased to 60 percent compared to 45 percent for the conventional windings used previously. The oil spray reduces reliance on rare Earth materials, decreasing total costs and... Kristin Shaw
University of Texas System’s free tuition plan sparks resistance from some state lawmakers
United Airlines flight 5782 landed at the Aspen-Pitkin County Airport Tuesday morning, marking the first official arrival of the Embraer 175 and a phasing out of the CRJ-700 for at least one commercial carrier. SkyWest Airlines, the regional carrier that operates air traffic in and out of Aspen for United, American Airlines and Delta Air Lines, announced the transition away from longtime commercial aircraft CRJ-700 and the acquisition of 21 E-175s through the end of 2026. The E-175 has a 93-foot, 11-inch wingspan, which fits the current 95-foot wingspan restriction at ASE, the three-letter identifier for the local airport. The 70-seat CRJ-700 has a 76-foot, 3-inch wingspan. The E-175s slate for ASE have been configured to hold 70 seats, 12 of which are first class. The aircraft that arrived is one of six E-175s that SkyWest converted to the ASE-specific subfleet. Nineteen other E-175s, on order for United, will join the fleet of six over the next couple of years. The six converted aircraft will be repainted soon, while the aircraft on order will arrive with updated colors. “The six converted aircraft along with the 19 new deliveries will give us a fleet of 25 ASE-capable E175s in the end state. The six converted aircraft will get repainted during the normal paint refresh cycle,” Mark Weithofer, managing director of domestic network planning for United Airlines, wrote in an email. “The first delivery is scheduled to close this Thursday (Dec. 5) and the second delivery is scheduled to close the following Thursday (Dec. 12). Both aircraft will be available for the peak holiday schedule, so we’ll have new-livery E175s operating in ASE soon.” The Tuesday morning flight was one of two scheduled, but three daily flights are scheduled through Dec. 19, Tomcich said, principal of aviation consulting firm Tomcich Travel and a consultant to the local stakeholder group Fly Aspen Snowmass. After Dec. 19, the E-175s will fly to Aspen more frequently, Tomcich said. He was a passenger on the inaugural flight and said the 12 first-class seats were full and about half full in the rest of the plane. The flight also was the first commercial Part 121 flight into ASE to be flown using the new curved path (NextGen) technology. It utilized the new "RNAV M Rwy 15" procedure, an approach recommended by the Flight Ops Safety Task Force in 2023. Andy Bigelow is a part-time resident of Aspen and a commercial pilot for another airline. He was a passenger on flight 5782. “It was a smoother flight and a more comfortable airplane with more room inside,” he said after the flight. Airport Director Dan Bartholomew said the airport reinforced the concrete pads on four of the airport’s eight parking positions in anticipation of the E-175’s landing gear. They also brought out new ramps for passenger embarking and disembarking. The airport welcome a new class of commercial aircraft, the Airbus 220 100s or 300s, following reconstruction of the runway in a few years. Whether those aircraft fly into ASE one day is up to the commercial airlines serving the Aspen market. The phase-out of the CRJ-700s and the search for a newer model of commercial aircraft for ASE has been the source of much controversy in recent years, culminating with the Nov. 5 election and two ballot items related to the transformation of the airport. In the election, a vast majority of county voters opted to proceed with the county's direction to transform the airport with a wider, relocated runway and greater separation between the runway and taxiway. Those projects will lead to full Airport Design Group III status, which would allow planes with a wingspan up to 118 feet to use the airport.Lucknow, Dec 26 (PTI) Uttar Pradesh Governor Anandiben Patel, Chief Minister Yogi Adityanath and several other leaders of the state on Thursday condoled the demise of former prime minister Manmohan Singh. Singh, the architect of India's economic reforms, died in Delhi on Thursday night. He was 92. Singh's death was announced by the All India Institute of Medical Sciences, Delhi, where he was admitted in the Emergency ward around 8.30 PM in a critical condition. Patel said Singh's demise was a major loss to the political realm. "Dr Manmohan Singh's demise is a profound loss to Indian politics. I pray for peace to his soul and extend my heartfelt sympathies to the bereaved family," the governor said in a statement. Adityanath said, "The demise of former prime minister and eminent economist Dr Manmohan Singh is deeply saddening and an irreparable loss to Indian politics." "As finance minister and prime minister, he played a significant role in the governance of the nation. My humble tributes to him! I pray to Lord Shri Ram to grant peace to the departed soul and give strength to the bereaved family and his supporters to bear this immense loss. Om Shanti," he said in a statement. Samajwadi Party president Akhilesh Yadav also expressed grief over Singh's passing. "A man of truth and a gentle personality, Dr Manmohan Singh's death is an irreparable international loss. Heartfelt tributes to the great economist and former prime minister," he said in a post on X. BSP chief Mayawati said on X, "The news of former prime minister Dr Manmohan Singh's death is extremely saddening. His notable contributions to India's economic progress and his virtuous nature will always be remembered. My deep condolences to his family and admirers." State Congress chief Ajay Rai paid homage to Singh through a poignant post on social media, saying, "Dr Manmohan Singh, a symbol of simplicity in politics, has bid farewell to the world. This news is immensely painful. "His visionary initiatives, including economic reforms, the nuclear agreement and MGNREGA, brought India to new heights of prosperity. The nation will forever be indebted to his contributions. Heartfelt tributes," Rai added. Singh, revered as one of India's finest economists and a beacon of decency in politics, leaves behind a legacy of transformative policies that shaped modern India. "He was treated for age-related medical conditions and had sudden loss of consciousness at home on December 26," AIIMS, Delhi, said in a bulletin. (This story has not been edited by THE WEEK and is auto-generated from PTI)
NEW YORK — U.S. stocks tiptoed to more records amid a mixed Tuesday of trading, tacking a touch more onto what’s already been a stellar year so far. The Standard & Poor’s 500 edged up less than 0.1% to set an all-time high for the 55th time this year. It has climbed in 10 of the last 11 days and is on track for one of its best years since the turn of the millennium. The Dow Jones industrial average slipped 0.2%, while the Nasdaq composite added 0.4% to its own record set a day earlier. AT&T rose 4.6% after it boosted its profit forecast for the year. It also announced a $10-billion plan to send cash to its investors by buying back its own stock, while saying it expects to authorize another $10 billion of repurchases in 2027. On the losing end of Wall Street was U.S. Steel, which fell 8%. President-elect Donald Trump reiterated on social media that he would not let Japan’s Nippon Steel take over the iconic Pennsylvania steelmaker. Nippon Steel announced plans last December to buy the Pittsburgh-based steel producer for $14.1 billion in cash, raising concerns about what the transaction could mean for unionized workers, supply chains and U.S. national security. Earlier this year, President Biden also came out against the acquisition. Tesla sank 1.6% after a judge in Delaware reaffirmed a previous ruling that the electric car maker must revoke Elon Musk’s multibillion-dollar pay package. The judge denied a request by attorneys for Musk and Tesla’s corporate directors to vacate her ruling earlier this year requiring the company to rescind the unprecedented pay package. All told, the S&P 500 rose 2.73 points to 6,049.88. The Dow fell 76.47 points to 44,705.53, and the Nasdaq composite gained 76.96 points to close at 19,480.91. In the bond market, Treasury yields held relatively steady after a report showed U.S. employers were advertising slightly more job openings at the end of October than a month earlier. Continued strength there would raise optimism that the economy could remain out of a recession that many investors had earlier worried was inevitable. The yield on the 10-year Treasury rose to 4.23% from 4.20% from late Monday. Yields have seesawed since election day amid worries that Trump’s preferences for lower tax rates and bigger tariffs could spur higher inflation along with economic growth. But traders are still confident the Federal Reserve will cut its main interest rate again at its next meeting in two weeks. They’re seeing a nearly 3-in-4 chance of that, according to data from CME Group. Lower rates can give the economy more juice, but they can also give inflation more fuel. The key report this week that could guide the Fed’s next move will arrive on Friday. It’s the monthly jobs report, which will show how many workers U.S. employers hired and fired during November. It could be difficult to parse given how much storms and strikes distorted figures in October. Based on trading in the options market, Friday’s jobs report appears to be the biggest potential market mover until the Fed announces its next decision on interest rates Dec. 18, according to strategists at Barclays Capital. In financial markets abroad, the value of South Korea’s currency fell 1.1% against the U.S. dollar after a frenetic night during which President Yoon Suk Yeol declared martial law and then later said he’d lift it after lawmakers voted to reject military rule. Stocks of Korean companies that trade in the United States also fell, including a 1.6% drop for SK Telecom. Japan’s Nikkei 225 jumped 1.9%, helping lead global markets. Some analysts think Japanese stocks could end up benefiting from Trump’s threats to raise tariffs, including for goods coming from China. Trade relations between the U.S. and China took another step backward after China said it is banning exports to the U.S. of gallium, germanium, antimony and other key high-tech materials with potential military applications. The counterpunch came swiftly after the U.S. Commerce Department expanded the list of Chinese technology companies subject to export controls to include many that make equipment used to make computer chips, chipmaking tools and software. The 140 companies newly included in the so-called “entity list” are nearly all based in China. In China, stock indexes rose 1% in Hong Kong and 0.4% in Shanghai amid unconfirmed reports that Chinese leaders would meet next week to discuss planning for the coming year. Investors are hoping it may bring fresh stimulus to help spur growth in the world’s second-largest economy. In France, the CAC 40 rose 0.3% amid continued worries about politics in Paris, where the government is battling over the budget. Choe writes for the Associated Press. AP writers Yuri Kageyama and Matt Ott contributed to this report.
KELOWNA, BC / ACCESSWIRE / December 18, 2024 / Diamcor Mining Inc. (TSXV:DMI)(OTCQB:DMIFF)(FRA:DC3A), ("Diamcor" or the "Company"), a well-established Canadian diamond mining company with a proven history in the mining, exploration, and sale of rough diamonds announces that the Company and Tiffany & Co. Canada ("Tiffany" or "The Lender") have entered into an agreement (the "Agreement") to amend the total balance of the outstanding loans between the companies. Under the terms of the Agreement, Diamcor will pay Tiffany CAD $2,000,000 (the "Initial Payment") 90 days from signing of the Agreement, followed by a second and final payment of CAD $1,505,256 on the one-year anniversary of the Initial Payment to retire all remaining principal and accrued interest associated with the outstanding loans. As a result of this agreement, the total current carrying balance currently recorded in the Company's financials for these loans of CAD $6,753,045 will be adjusted to reflect a new amount of CAD $3,505,256 as outstanding for these loans. About Diamcor Mining Inc. Diamcor Mining Inc. is a fully reporting publicly traded Canadian diamond mining company with a well-established proven history in the mining, exploration, and sale of rough diamonds. The Company's primary focus is on the mining and development of its Krone-Endora at Venetia Project which is co-located and directly adjacent to De Beers' Venetia Diamond Mine in South Africa. The Venetia diamond mine is recognized as one of the world's top diamond-producing mines, and the deposits which occur on Krone-Endora have been identified as being the result of shift and subsequent erosion of an estimated 50M tonnes of material from the higher grounds of Venetia to the lower surrounding areas in the direction of Krone and Endora. Diamcor also focuses on the acquisition and development of mid-tier projects with near-term production capabilities and growth potential and uses unique approaches to mining that involves the use of advanced technology and techniques to extract diamonds in a safe, efficient, and environmentally responsible manner. The Company has a strong commitment to social responsibility, including the support of local people, communities, and the environment. About the Krone-Endora at Venetia Project Diamcor acquired the Krone-Endora at Venetia Project from De Beers Consolidated Mines Limited, consisting of the prospecting rights over the farms Krone 104 and Endora 66, which represent a combined surface area of approximately 5,888 hectares directly adjacent to De Beers' flagship Venetia Diamond Mine in South Africa. The Company subsequently announced that the South African Department of Mineral Resources had granted a Mining Right for the Krone-Endora at Venetia Project encompassing 657.71 hectares of the Project's total area of 5,888 hectares. The Company has also submitted an application for a mining right over the remaining areas of the Project. The deposits which occur on the properties of Krone and Endora have been identified as a higher-grade "Alluvial" basal deposit which is covered by a lower-grade upper "Eluvial" deposit. These deposits are proposed to be the result of the direct-shift (in respect to the "Eluvial" deposit) and erosion (in respect to the "Alluvial" deposit) of an estimated 1,000 vertical meters of material from the higher grounds of the adjacent Venetia Kimberlite areas. The deposits on Krone-Endora occur with a maximum total depth of approximately 15.0 metres from surface to bedrock, allowing for a very low-cost mining operation to be employed with the potential for near-term diamond production from a known high-quality source. Krone-Endora also benefits from the significant development of infrastructure and services already in place due to its location directly adjacent to the Venetia Mine, which is widely recognised as the largest diamond mine in South Africa, and one of the most prolific diamond mines in the world. Qualified Person Statement: Mr. James P. Hawkins (B.Sc., P.Geo.), is Manager of Exploration & Special Projects for Diamcor Mining Inc., and the Qualified Person in accordance with National Instrument 43-101 responsible for overseeing the execution of Diamcor's exploration programmes and a Member of the Association of Professional Engineers and Geoscientists of Alberta ("APEGA"). Mr. Hawkins has reviewed this press release and approved of its contents. On behalf of the Board of Directors: Mr. Dean H. Taylor President & CEO Diamcor Mining Inc. www.diamcormining.com For further information contact: Mr. Dean H. Taylor Diamcor Mining Inc DeanT@Diamcor.com +1 250 862-3212 This press release contains certain forward-looking statements. While these forward-looking statements represent our best current judgement, they are subject to a variety of risks and uncertainties that are beyond the Company's ability to control or predict and which could cause actual events or results to differ materially from those anticipated in such forward-looking statements. Further, the Company expressly disclaims any obligation to update any forward looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. WE SEEK SAFE HARBOUR Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. SOURCE: Diamcor Mining Inc. View the original on accesswire.com
US effort to curb China's and Russia's access to advanced computer chips 'inadequate,' report finds
NoneDay 10 of the went a little retro to make far more accessible than before. has introduced new ways to interact with ChatGPT using a much older form of communication technology: a phone number. Specifically, you can text with ChatGPT through and by calling a toll-free phone number. AI by landline has arrived. Naturally, the number to call or message is 1-800-CHATGPT. You can start a conversation with ChatGPT on WhatsApp by texting 1-800-242-8478 on the app. You can message ChatGPT like any other WhatsApp but get responses matching those from the free tier of ChatGPT on the mobile app or website. Not every ChatGPT feature is available on WhatsApp either. You can’t ask the AI to search for things online or analyze images, at least for now. If you’d rather have your AI answers by audio, you can pick up your phone to dial 1-800-CHATGPT (that’s 1-800-242-8478), and a very friendly, very human-like female voice will answer all the same queries you might type out to send to ChatGPT. The experience is pretty much like ChatGPT’s Advanced Voice Mode, where you ask questions, and the AI responds in real-time. It can help you translate a sentence, give recommendations, or chat about whatever’s on your mind. Search AI There are obvious accessibility benefits to OpenAI in making ChatGPT far more globally available, even with all of the limits and caveats. It’s the same reason set up a phone number for Google Assistant that people could call to interact with the voice assistant. But, it also points to how OpenAI and its rivals want to see AI integrated into more communication channels. That’s why both OpenAI and were keen to add ChatGPT capabilities to Siri, augmenting the iOS assistant with the AI model. There are also limits to ChatGPT on WhatsApp and by phone. You can only message ChatGPT on WhatsApp a limited amount a day, though OpenAI is vague about what that limit actually is. You’ll get a warning when you approach the limit, so you’re not surprised by the cutoff. Similarly, ChatGPT phone conversations aren't unlimited. Instead of a message cap, you get 15 minutes a month for verbal interactions with the AI. And the phone number only works in the U.S. for now. An automated phone number was certainly a surprise for OpenAI’s latest ‘present,’ akin to finding an old wooden train under the wrapping paper. I'd expect that OpenAI will probably take a more future-facing approach to the final two gifts before the event ends.
Bathinda : Eight people died and many were injured on Friday, December 27, when a private bus crashed through the railing of a bridge here and plunged into a drain a few feet below, police said. The bus had over 45 passengers and it fell into Lasara drain at Jeewan Singhwala village, officials said. The accident occurred when the bus was en route to Bathinda from Talwandi Sabo. Locals rushed to the spot immediately to help the passengers, they said, adding that eight people lost their lives. Police and district administration also launched a rescue operation and took the injured to a hospital. A team from the National Disaster Response Force (NDRF) also reached the spot to provide assistance, they added. Expressing condolences, Prime Minister Narendra Modi said in a post on X “Saddened by the loss of lives in the bus accident in Bathinda, Punjab. Condolences to those who lost their loved ones. May the injured recover soon.” He also announced an ex-gratia of Rs 2 lakh from the Prime Minister’s National Relief Fund (PMNRF) to the next of kin of each deceased and Rs 50,000 for the injured. According to officials, the weather was inclement in the area however the exact cause of the accident is yet to be ascertained. Bathinda Deputy Commissioner Showkat Ahmad Parray, who reached the spot to supervise the rescue operation, said medical teams and ambulances were rushed to the spot.In March, newly installed Social Security chief Martin O’Malley criticized agency “injustices” that “shock our shared sense of equity and good conscience as Americans.” He promised to overhaul the Social Security Administration’s often heavy-handed efforts to claw back money that millions of recipients — including people who are living in poverty, are elderly, or have disabilities — were allegedly overpaid, as described by a KFF Health News and Cox Media Group investigation last year. “Innocent people can be badly hurt,” O’Malley said at the time. Nearly eight months since he appeared before Congress and announced a series of policy changes, and with two months left in his term, O’Malley’s effort to fix the system has made inroads but remains a work in progress. For instance, one change, moving away from withholding 100% of people’s monthly Social Security benefits to recover alleged overpayments, has been a major improvement, say advocates for beneficiaries. “It is a tremendous change,” said Kate Lang of Justice in Aging, who called it “life-changing for many people.” The number of people from whom the Social Security Administration was withholding full monthly benefits to recoup money declined sharply — from about 46,000 in January to about 7,000 in September, the agency said. Asked to clarify whether those numbers and others provided for this article covered all programs administered by the agency, the SSA press office did not respond. Another potentially significant change — relieving beneficiaries of having to prove that an overpayment was not their fault — has not been implemented. The agency said it is working on that. Meanwhile, the agency seems to be looking to Congress to take the lead on a change some observers see as crucial: limiting how far back the government can reach to recover an alleged overpayment. Barbara Hubbell of Watkins Glen, New York, called the absence of a statute of limitations “despicable.” Hubbell said her mother was held liable for $43,000 because of an SSA error going back 19 years. “In what universe is that even legal?” Hubbell said. Paying down the overpayment balance left her mother “essentially penniless,” she added. In response to questions for this article, Social Security spokesperson Mark Hinkle said legislation is “the best and fastest way” to set a time limit. Establishing a statute of limitations was not among the policy changes O’Malley announced in his March congressional testimony. In an interview at the time, he said he expected an announcement on it “within the next couple few months.” It could probably be done by regulation, without an act of Congress, he said. Speaking generally, Hinkle said the agency has “made substantial progress on overpayments,” reducing the hardship they cause, and “continues to work diligently” to update policies. The agency is underfunded, he added, is at a near 50-year low in staffing, and could do better with more employees. The SSA did not respond to requests for an interview with O’Malley. O’Malley announced the policy changes after KFF Health News and Cox Media Group jointly published and broadcast investigative reporting on the damage overpayments and clawbacks have done to millions of beneficiaries. When O’Malley, a former Democratic governor of Maryland, presented his plans to three congressional committees in March, lawmakers greeted him with rare bipartisan praise. But the past several months have shown how hard it can be to turn around a federal bureaucracy that is massive, complex, deeply dysfunctional, and, as it says, understaffed. Now O’Malley’s time may be running out. Lang of Justice in Aging, among the advocacy groups that have been meeting with O’Malley and other Social Security officials, said she appreciates how much the commissioner has achieved in a short time. But she added that O’Malley has “not been interested in hearing about our feelings that things have fallen short.” One long-standing policy O’Malley set out to change involves the burden of proof. When the Social Security Administration alleges someone has been overpaid and demands the money back, the burden is on the beneficiary to prove they were not at fault. Cecilia Malone, 24, a beneficiary in Lithonia, Georgia, said she and her parents spent hundreds of hours trying to get errors corrected. “Why is the burden on us to ‘prove’ we weren’t overpaid?” Malone said. It can be exceedingly difficult for beneficiaries to appeal a decision. The alleged overpayments, which can reach tens of thousands of dollars or more, often span years. And people struggling just to survive may have extra difficulty producing financial records from long ago. What’s more, in letters demanding repayment, the government does not typically spell out its case against the beneficiary — making it hard to mount a defense. Testifying before House and Senate committees in March, O’Malley promised to shift the burden of proof. “That should be on the agency,” he said. The agency expects to finalize “guidance” on the subject “in the coming months,” Hinkle said. The agency points to reduced wait times and other improvements in a phone system known to leave beneficiaries on hold. “In September, we answered calls to our national 800 number in an average of 11 minutes — a tremendous improvement from 42 minutes one year ago,” Hinkle said. Still, in response to a nonrepresentative survey by KFF Health News and Cox Media Group focused on overpayments, about half of respondents who said they contacted the agency by phone since April rated that experience as “poor,” and few rated it “good” or “excellent.” The survey was sent to about 600 people who had contacted KFF Health News to share their overpayment stories since September 2023. Almost 200 people answered the survey in September and October of this year. Most of those who said they contacted the agency by mail since April rated their experience as “poor.” Jennifer Campbell, 60, a beneficiary in Nelsonville, Ohio, said in late October that she was still waiting for someone at the agency to follow up as described during a phone call in May. “VERY POOR customer service!!!!!” Campbell wrote. “Nearly impossible to get a hold of someone,” wrote Kathryn Duff of Colorado Springs, Colorado, who has been helping a disabled family member. Letters from SSA have left Duff mystified. One was postmarked July 9, 2024, but dated more than two years earlier. Another, dated Aug. 18, 2024, said her family member was overpaid $31,635.80 in benefits from the Supplemental Security Income program, which provides money to people with little or no income or other resources who are disabled, blind, or at least 65. But Duff said her relative never received SSI benefits. What’s more, for the dates in question, payments listed in the letter to back up the agency’s math didn’t come close to $31,635.80; they totaled about a quarter of that amount. Regarding the 100% clawbacks, O’Malley in March said it’s “unconscionable that someone would find themselves facing homelessness or unable to pay bills, because Social Security withheld their entire payment for recovery of an overpayment.” He said that, starting March 25, if a beneficiary doesn’t respond to a new overpayment notice, the agency would default to withholding 10%. The agency warned of “a short transition period.” That change wasn’t automated until June 25, Hinkle said. The number of people newly placed in full withholding plummeted from 6,771 in February to 51 in September, according to data the agency provided. SSA said it would notify recipients they could request reduced withholding if it was already clawing back more than 10% of their monthly checks. Nonetheless, dozens of beneficiaries or their family members told KFF Health News and Cox Media Group they hadn’t heard they could request reduced withholding. Among those who did ask, roughly half said their requests were approved. According to the SSA, there has been almost a 20% decline in the number of people facing clawbacks of more than 10% but less than 100% of their monthly checks — from 141,316 as of March 8 to 114,950 as of Oct. 25, agency spokesperson Nicole Tiggemann said. Meanwhile, the number of people from whom the agency was withholding exactly 10% soared more than fortyfold — from just over 5,000 to well over 200,000. And the number of beneficiaries having any partial benefits withheld to recover an overpayment increased from almost 600,000 to almost 785,000, according to data Tiggemann provided. Lorraine Anne Davis, 72, of Houston, said she hasn’t received her monthly Social Security payment since June due to an alleged overpayment. Her Medicare premium was being deducted from her monthly benefit, so she’s been left to pay that out-of-pocket. Davis said she’s going to need a kidney transplant and had been trying to save money for when she’d be unable to work. A letter from the SSA dated April 8, 2024, two weeks after the new 10% withholding policy was slated to take effect, said it had overpaid her $13,538 and demanded she pay it back within 30 days. Apparently, the SSA hadn’t accounted for a pension Davis receives from overseas; Davis said she disclosed it when she filed for benefits. In a letter to her dated June 29, the agency said that, under its new policy, it would change the withholding to only 10% if she asked. Davis said she asked by phone repeatedly, and to no avail. “Nobody seems to know what’s going on” and “no one seems to be able to help you,” Davis said. “You’re just held captive.” In October, the agency said she’d receive a payment — in March 2025.
'Problem has been percolating': Fox reporter flags Mike Johnson fight —and what comes next
The Associated Press NEW YORK (AP) — What a wonderful year 2024 has been for investors. U.S. stocks ripped higher and carried the S&P 500 to records as the economy kept growing and the Federal Reserve began cutting interest rates. The year featured many familiar winners, such as Big Tech, which got even bigger as their stock prices kept growing . But it wasn’t just Apple, Nvidia and the like. Bitcoin , gold and other investments also drove higher. Here’s a look at some of the numbers that defined the year. All are as of Dec. 20. Remember when President Bill Clinton got impeached or when baseball’s Mark McGwire hit his 70th home run against the Montreal Expos? That was the last time the U.S. stock market closed out a second straight year with a leap of at least 20%, something the S&P 500 is on track to do again this year. The index has climbed 24.3% so far this year, not including dividends, following last year’s spurt of 24.2%. The number of all-time highs the S&P 500 has set so far this year. The first came early, on Jan. 19, when the index capped a two-year comeback from the swoon caused by high inflation and worries that high interest rates instituted by the Federal Reserve to combat it would create a recession. But the index was methodical through the rest of the year, setting a record in every month outside of April and August, according to S&P Dow Jones Indices. The latest came on Dec. 6. The number of times the Federal Reserve has cut its main interest rate this year from a two-decade high, offering some relief to the economy. Expectations for those cuts, along with hopes for more in 2025, were a big reason the U.S. stock market has been so successful this year. The 1 percentage point of cuts, though, is still short of the 1.5 percentage points that many traders were forecasting for 2024 at the start of the year. The Fed disappointed investors in December when it said it may cut rates just two more times in 2025, fewer than it had earlier expected. That’s how many points the Dow Jones Industrial Average rose by the day after Election Day, as investors made bets on what Donald Trump’s return to the White House will mean for the economy and the world . The more widely followed S&P 500 soared 2.5% for its best day in nearly two years. Aside from bitcoin, stocks of banks and smaller winners were also perceived to be big winners. The bump has since diminished amid worries that Trump’s policies could also send inflation higher. Related Articles Economy | Holiday shoppers increased spending by 3.8% despite higher prices Economy | US applications for unemployment benefits hold steady, but continuing claims rise to 3-year high Economy | A million taxpayers will soon receive up to $1,400 from the IRS. Who are they and why now? Economy | An analyst looks ahead to how the US economy might fare under Trump Economy | Farm losses in Florida from Hurricane Milton could top $600 million The level that bitcoin topped to set a record above $108,000 this past month. It’s been climbing as interest rates come down, and it got a particularly big boost following Trump’s election. He’s turned around and become a fan of crypto, and he’s named a former regulator who’s seen as friendly to digital currencies as the next chair of the Securities and Exchange Commission, replacing someone who critics said was overly aggressive in his oversight. Bitcoin was below $17,000 just two years ago following the collapse of crypto exchange FTX. Gold’s rise for the year, as it also hit records and had as strong a run as U.S. stocks. Wars around the world have helped drive demand for investments seen as safe, such as gold. It’s also benefited from the Fed’s cut to interest rates. When bonds are paying less in interest, they pull away fewer potential buyers from gold, which pays investors nothing. It’s a favorite number of Elon Musk, and it’s also a threshold that Tesla’s stock price passed in December as it set a record. The number has a long history among marijuana devotees, and Musk famously said in 2018 that he had secured funding to take Tesla private at $420 per share . Tesla soared this year, up from less than $250 at the start, in part because of expectations that Musk’s close relationship with Trump could benefit the company. That’s how much revenue Nvidia made in the nine months through Oct. 27, showing how the artificial-intelligence frenzy is creating mountains of cash. Nvidia’s chips are driving much of the move into AI, and its revenue through the last nine months catapulted from less than $39 billion the year before. Such growth has boosted Nvidia’s worth to more than $3 trillion in total. GameStop’s gain on May 13 after Keith Gill, better known as “Roaring Kitty,” appeared online for the first time in three years to support the video game retailer’s stock, which he helped rocket to unimaginable heights during the “ meme stock craze ” in 2021. Several other meme stocks also jumped following his post in May on the social platform X, including AMC Entertainment. Gill later disclosed a sizeable stake in the online pet products retailer Chewy, but he sold all of his holdings by late October . That’s how much the U.S. economy grew, at annualized seasonally adjusted rates, in each of the three first quarters of this year. Such growth blew past what many pessimists were expecting when inflation was topping 9% in the summer of 2022. The fear was that the medicine prescribed by the Fed to beat high inflation — high interest rates — would create a recession. Households at the lower end of the income spectrum in particular are feeling pain now, as they contend with still-high prices. But the overall economy has remained remarkably resilient. This is the vacancy rate for U.S. office buildings — an all-time high — through the first three quarters of 2024, according to data from Moody’s. The fact the rate held steady for most of the year was something of a win for office building owners, given that it had marched up steadily from 16.8% in the fourth quarter of 2019. Demand for office space weakened as the pandemic led to the popularization of remote work. That’s the total number of previously occupied homes sold nationally through the first 11 months of 2024. Sales would have to surge 20% year-over-year in December for 2024’s home sales to match the 4.09 million existing homes sold in 2023, a nearly 30-year low. The U.S. housing market has been in a sales slump dating back to 2022, when mortgage rates began to climb from pandemic-era lows. A shortage of homes for sale and elevated mortgage rates have discouraged many would-be homebuyers.HOUSTON (AP) — An elaborate parody appears to be behind an effort to resurrect Enron, the Houston-based energy company that exemplified the worst in American corporate fraud and greed after it went bankrupt in 2001. If its return is comedic, some former employees who lost everything in Enron’s collapse aren’t laughing. “It’s a pretty sick joke and it disparages the people that did work there. And why would you want to even bring it back up again?” said former Enron employee Diana Peters, who represented workers in the company’s bankruptcy proceedings. Here’s what to know about the history of Enron and the purported effort to bring it back. Once the nation’s seventh-largest company, Enron filed for bankruptcy protection on Dec. 2, 2001, after years of accounting tricks could no longer hide billions of dollars in debt or make failing ventures appear profitable. The energy company's collapse put more than 5,000 people out of work and wiped out more than $2 billion in employee pensions. Its aftershocks were felt throughout the energy sector. Twenty-four Enron executives , including former CEO Jeffrey Skilling , were convicted for their roles in the fraud. Enron founder Ken Lay’s convictions were vacated after he died of heart disease following his 2006 trial. On Monday — the 23rd anniversary of the bankruptcy filing — a company representing itself as Enron announced in a news release it was relaunching as a “company dedicated to solving the global energy crisis.” It also posted a video on social media, advertised on at least one Houston billboard and a took out a full-page ad in the Houston Chronicle In the minute-long video full of generic corporate jargon, the company talks about “growth” and “rebirth.” It ends with the words, “We’re back. Can we talk?” In an email, company spokesperson Will Chabot said the new Enron was not doing any interviews yet, but "We’ll have more to share soon.” Signs point to the comeback being a joke. In the “terms of use and conditions of sale” on the company's website, it says “the information on the website about Enron is First Amendment protected parody, represents performance art, and is for entertainment purposes only.” Documents filed with the U.S. Patent and Trademark Office show College Company, an Arkansas-based LLC, owns the Enron trademark. The co-founder of College Company is Connor Gaydos, who helped create a joke conspiracy theory claiming all birds are actually government surveillance drones. Peters said she and some other former employees are upset and think the relaunch was “in poor taste.” “If it’s a joke, it’s rude, extremely rude. And I hope that they realize it and apologize to all of the Enron employees,” Peters said. Peters, 74, said she is still working in information technology because “I lost everything in Enron, and so my Social Security doesn’t always take care of things I need done.” “Enron’s downfall taught us critical lessons about corporate ethics, accountability, and the consequences of unchecked ambition. Enron’s legacy was the employees in the trenches. Leave Enron buried,” she said. But Sherron Watkins, Enron’s former vice president of corporate development and the main whistleblower who helped uncover the scandal, said she didn’t have a problem with the joke because comedy “usually helps us focus on an uncomfortable historical event that we’d rather ignore.” “I think we use prior scandals to try to teach new generations what can go wrong with big companies,” said Watkins, who still speaks at colleges and conferences about the Enron scandal. This story was corrected to fix the spelling of Ken Lay’s first name, which had been misspelled “Key.” Follow Juan A. Lozano on X at https://x.com/juanlozano70
Steer goes viral after walking through Tim Horton’s drive thru in central AlbertaMeningococcal Vaccine Market Is Set To Grow From USD 3,950.2 Million In 2024 To USD 9,014 Million By 2034, Registering A Robust CAGR Of 8.6% | FMI
NEW YORK , Dec. 24, 2024 /PRNewswire/ -- Today, the Council for Autism Service Providers (CASP) honored ABA Centers, the nation's fastest growing autism care provider, by partnering to ring the iconic Closing Bell at the New York Stock Exchange together. Lorri Unumb , Chief Executive Officer of CASP; Christopher Barnett , Founder & Chairman of ABA Centers; and his daughter, Madison Mulvey , were the official bell ringers during the 1 pm ceremony, marking an early close of the markets in preparation for the upcoming Christmas holiday. ABA Centers was founded as a testament to a father's love for his daughter, sparked from Mr. Barnett's personal experience attempting to acquire a diagnosis and then quality care for his own child, Ms. Mulvey, who spent years dealing with a misdiagnosis and missing out on the proper treatment that she desperately needed. What Mr. Barnett experienced as the parent of a child on the spectrum – the inadequacies, the lack of services available, and the long wait lists within the autism care system – were simply unacceptable. As a longtime healthcare entrepreneur, Mr. Barnett recognized that he already harnessed the infrastructure to effectuate real change within the autism care industry, so he set out to create a mission-driven organization, where every employee throughout the corporate and clinical teams is dedicated to making a lasting impact in the lives of autistic children and their families. "I hope that the sound waves of this bell ringing transcend the trading floor and serve as a rally call for quick, compassionate, and top quality autism care across our country," remarked Mr. Barnett. "Seeing CASP and ABA Centers on the New York Stock Exchange podium should encourage other decision makers and deal makers alike to find ways in which they can positively impact the autism care industry further because there are millions of children currently languishing on wait lists and missing out on the autism care that they deserve during the most crucial times." In 2024, ABA Centers achieved the following monumental milestones, which served to amplify its commitment to providing every kid in the country with world class autism care: "For mission-driven organizations like CASP and ABA Centers, this bell ringing ceremony offers a platform to amplify our message and highlight the importance of autism care, as well as the challenges faced by the autism community, to a robust and influential audience," stated Mrs. Unumb. Mrs. Unumb and Mr. Barnett were joined on the bell ringing podium by the C-suite of ABA Centers: Jason Barker ; Joseph Heilner ; Kristy Johnson ; Quatiba Davis; Michael Holohan ; Michael Holzum ; Michael Holzum, Jr. ; and Ted Bender ; members of The Christopher M. Barnett Family Foundation: Julie Barnett , Kaitlyn Mulvey , Madison Mulvey , and Kennedy Mulvey ; and Dan Unumb of the Autism Legal Resource Center. About ABA Centers ABA Centers provides applied behavior analysis (ABA) therapy services to children with autism spectrum disorder through a play-based approach rooted in positive reinforcement. The company was designed to disrupt the autism care industry by demolishing wait times traditionally experienced by those in search of a diagnosis or treatment. Its strategically designed behavioral care centers offer the greatest opportunity for growth to young clients and their families. In-home and in-school therapy services are also available to deliver the most impactful continuum of care and to best meet each client's specific needs. In 2024, ABA Centers was named the No. 5 fastest growing private company in America on the Inc. 5000. More information can be found at www.abacenters.com . About the Council of Autism Service Providers Founded in 2016, the Council of Autism Service Providers (CASP) is a non-profit trade association of over 380 autism service provider organizations from all 50 states and multiple countries. It supports members by cultivating, sharing, and advocating for best practices in autism services. From developing clinical practice guidelines for applied behavior analysis to educating legislators about good policy, CASP works every day to ensure individuals with autism receive quality care. Learn more at www.CASProviders.org . View original content to download multimedia: https://www.prnewswire.com/news-releases/the-council-of-autism-service-providers-and-aba-centers-partner-to-ring-closing-bell-at-the-new-york-stock-exchange-302337682.html SOURCE ABA Centers