
Town hall beer festival organisers seek sponsors for 2025Commuters and tourists from West Kochi may have to wait until December 20 to use the Harbour Bridge that had been closed for traffic on November 21 for scooping out the worn-out tarred surface and to blacktop it afresh. According to schedule, resurfacing of the bridge that was built by the British in the early 1940’s was to get over in a week, by November 28. Commuters, tourism stakeholders, and others had expressed their discontent at the delay in commencing the resurfacing work, although the worn-out tarred surface had been scooped out in two days. The inordinate delay in completing resurfacing has worsened traffic hold-ups in the West Kochi-Ernakulam corridor, during the ongoing peak tourist season, said Jacob Antony, a social worker from West Kochi. All vehicles, including ambulances, were getting stuck indefinitely in snarls that often extend to alternative roads and bridges, he added. Citing the reason for the delay in completing the resurfacing of the bridge and its reopening, sources in the Public Works department (Bridges wing) said they were in for a surprise as the concrete surface of the bridge that emerged soon after the tarred layer was scooped out, had many cracks. “In this situation, officials of the design wing and others conducted a site inspection a couple of days ago. They suggested that a layer of mastic asphalt be applied atop the concrete surface to bring about uniformity of the surface and also to ensure that resurfacing that had been planned using bituminous concrete (BC) bound better with the concrete,” they said. A view of the closed Harbour Bridge on Saturday. | Photo Credit: THULASI KAKKAT The resurfacing using BC can be completed in a day. But the work to lay mastic asphalt is labour-intensive and hence time-consuming. “In this situation, we have sought the District Collector’s permission to extend the ban on traffic through the bridge till December 20, they said, and cited Vyttila and Kundannoor flyovers on the NH bypass as examples of structures, which had a layer of mastic asphalt between the concrete and the tarred portion. The proposed resurfacing would have an 18-month defect liability period. A month ago, the PWD (NH wing) had resurfaced the two-km-long Kundannoor bridge using stone mastic asphalt (SMA). On the long-pending work to replace the heavily rusted components of steel girders beneath the Harbour Bridge, sources said no contractor came forward to take up the work, although tenders were floated eight times. “We hope the government earmarks funds in the Budget for the work,” they added. Published - November 30, 2024 10:32 pm IST Copy link Email Facebook Twitter Telegram LinkedIn WhatsApp Reddit Kochi / Kerala / public works & infrastructureLos Angeles Chargers (7-4) at Atlanta (6-5) Sunday, 1 p.m. EST, CBS BetMGM NFL Odds: Chargers by 1 1/2 Series record: Falcons lead 8-4. Against the spread: Chargers 7-3-1, Falcons 5-6. Last meeting: Chargers beat Falcons 20-17 on Nov. 6, 2022, in Atlanta. Last week: Ravens beat Chargers, 30-23; Falcons had bye week following 38-6 loss at Denver on Nov. 17. Chargers offense: overall (21), rush (13), pass (20), scoring (18). Chargers defense: overall (13), rush (10), pass (10), scoring (13). Falcons offense: overall (8), rush (14), pass (5), scoring (16). Falcons defense: overall (25), rush (19), pass (26), scoring (26). Turnover differential: Chargers plus-8, Falcons minus-3. RB Gus Edwards will move up as the lead back for Los Angeles after J.K Dobbins (knee) was placed on injured reserve on Saturday. Edwards was activated from IR earlier this month following an ankle injury and had nine carries for 11 yards with a touchdown in Monday night's 30-23 loss to Baltimore. WR Drake London has 61 catches, leaving him four away from becoming the first player in team history to have at least 65 receptions in each of his first three seasons. London has 710 receiving yards, leaving him 140 away from becoming the first player in team history with at least 850 in each of his first three seasons. Falcons RB Bijan Robinson vs. Chargers' run defense. Robinson was shut down by Denver, gaining only 35 yards on 12 carries, and the Atlanta offense couldn't recover. The Chargers rank 10th in the league against the run, so it will be a challenge for the Falcons to find a way to establish a ground game with Robinson and Tyler Allgeier. A solid running attack would create an opportunity for offensive coordinator Zac Robinson to establish the play-action passes for quarterback Kirk Cousins. Besides Dobbins, the Chargers also placed S Alohi Gilman (hamstring) on injured reserve. CB Cam Hart (ankle) and LB Denzel Perryman (groin) also have been ruled out. ... The Falcons needed the bye to give a long list of injured players an opportunity to heal. WR WR KhaDarel Hodge (neck) did not practice on Wednesday. WR Darnell Mooney (Achilles), CB Kevin King (concussion), DL Zach Harrison (knee, Achilles) and WR Casey Washington (concussion) were hurt in the 38-6 loss at Denver on Nov. 17 and were limited on Wednesday. CB Mike Hughes (neck), nickel back Dee Alford (hamstring), ILB Troy Andersen (knee), TE Charlie Woerner (concussion) and ILB JD Bertrand (concussion) also were limited on Wednesday after not playing against Denver. C Drew Dalman (ankle) could return. The Chargers have won the past three games in the series following six consecutive wins by the Falcons from 1991-2012. Los Angeles took a 33-30 overtime win in Atlanta in 2016 before the Chargers added 20-17 wins at home in 2020 and in Atlanta in 2022. The Falcons won the first meeting between the teams, 41-0 in San Diego in 1973. Each team has built its record on success against the soft NFC South. Atlanta is 4-1 against division rivals. Los Angeles is 2-0 against the NFC South this season. The Chargers have a four-game winning streak against the division. ... Atlanta is 0-2 against AFC West teams, following a 22-17 loss to Kansas City and the lopsided loss at Denver. The Falcons will complete their tour of the AFC West with a game at the Las Vegas Raiders on Dec. 16. ... The Falcons are the league's only first-place team with a negative points differential. Atlanta has been outscored 274-244. The loss of Dobbins, who has rushed for eight touchdowns, could put more pressure on QB Justin Hebert and the passing game. Herbert's favorite option has been WR Ladd McConkey, who has four TD receptions among his 49 catches for 698 yards. McConkey, the former University of Georgia standout who was drafted in the second round, could enjoy a productive return to the state against a Falcons defense that ranks only 26th against the pass. AP NFL: https://apnews.com/hub/nflDozens of businesses in Dubuque marked Small Business Saturday with discounts and gifts for shoppers, all while encouraging local economic prosperity. Many new businesses were participating this year, including Limerick Candles & Vintage Reads, 1108 Iowa St., a store mainly selling used books and candles, which opened in September. "(One of our goals is) to get our name out," said owner Angie Ma. "A lot of people still don’t know our name." Ma said Dubuquers should shop at businesses owned by Dubuquers, like hers. Deals at Limerick Candles & Vintage Reads included five free wax melts after the purchase of two candles, as well as a free book after the purchase of three others. Also available at Ma's store and many others is a free craft beer, courtesy of Dubuque Main Street, one of many ways the organization and the city worked to encourage shoppers to participate in Small Business Saturday. Parking downtown at metered spaces and city-owned ramps and lots is free this holiday weekend, although Saturday's shoppers did not need to worry about finding a spot. The Holidazzle trolley loop, hosted by Dubuque Main Street from noon to 8 p.m. Saturday, stops at six popular shopping areas in the heart of Dubuque. Waiting for the trolley at Cable Car Square on Saturday afternoon, after stopping at a couple shops in the area, were Jill Keck, of Dubuque, and her mother, Linda Way, who was visiting from Rockford, Ill. Way said she was happy to be enjoying a day in downtown Dubuque. "I love to come down here all the time," she said. "I really like Dubuque." As the owner of local yard sign company Grassy Greetings, Keck said she understands the importance of supporting local businesses. "As a small business owner myself, I think it’s important ... to support other families and businesses," she said. "Everyone's always so friendly down here. It’s good to go in and look and see what’s new.” For the rest of the afternoon, Keck and Way were going to check out stores in other parts of town. "We're just going to get on the trolley and see where it takes us," Way said. A couple blocks away, McCoy Jeweler, 261 Main St., was offering 20% off all in stock jewelry. “We believe Small Business Saturday is obviously a very very important day not just for us but the entire community," said store manager Samantha Swift. "We really wanted to give an incentive that is hard to ignore.” Swift said shopping at a local jewelry store had many benefits over national chains. "There’s a chance the person you’re speaking to isn’t handling your order (at large chains)," she said. "When you come into our store and work with me, you’ll probably work me with continuously... We build a relationship with our clients." In the Millwork District, businesses like clothing store The Midwest Girl, 898 Jackson St. Suite 2, were offering their own incentives. Owner Marissa Hoffmann said shoppers at The Midwest Girl could get a free pair of socks with a $75 purchase and a gift with all purchases. “We have something for everyone who’s proud of their Midwest roots," Hoffmann said of her store's selection. "We are our own brand." Hoffmann said Small Business Saturday was not about getting the best deals but about supporting the community and its small business owners. She encouraged Dubuquers to go to local stores, see what they have to offer and talk to the owners even if they did not plan on buying anything. “That’s always the goal, really -- being community focused," she said. "It’s not so much about the sales and discounts today (but) really just encouraging people to throw on their coats and go downtown."
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By Lawrence Delevingne and Carolina Mandl BOSTON/NEW YORK (Reuters) - As a money manager, Scott Bessent's years of inconsistent performance have contributed to a nearly 90% decline in his hedge fund's assets. Now, with some clients gone, he is scoring on perhaps his biggest bet yet: President-elect Donald Trump. Bessent spotted what he called an anomaly in the market: that political and market analysts were too negative on what a Trump victory would mean, according to a letter to clients in January seen by Reuters. His Key Square Capital Management put on bets that U.S. stocks and the dollar would gain, helping earn a double-digit percentage profit so far in 2024, with November as its best month, according to a person familiar with the situation. Bessent's even bigger wager is on Trump, the future president. He's been a donor, economic adviser and booster on TV to Trump, and Bessent is now seen as a likely candidate for a top economic role in the administration, such as running the U.S. Treasury Department or leading the White House National Economic Council. Trump has talked Bessent up as “one of the most brilliant men on Wall Street." Details of his fund's performance, reported here for the first time, show a mixed track record in the decade since he launched his own hedge fund firm. Ted Seides, the former president of Protege Partners, an investment firm where Bessent earned strong returns in the late 2000s, told Reuters that Bessent's track record should be taken in the context of macro investing, where big profits can be followed by less attractive returns. So-called macro hedge funds bet on global macroeconomic trends and are not open to retail investors. "If you only look at the part of a track record with lean years, it’s like saying Aaron Judge struck out a lot last year," Seides said, referring the baseball star known for hitting home runs. "But he was just named MVP." Bessent's candidacy in the hotly-contested role of Treasury Secretary or another economic role in the Trump administration has heightened interest in the fund manager. If he were to take a job in the new administration, Key Square could be wound down, sold, or put in "sleep mode," according to the same person. Trump recently floated the idea of appointing Kevin Warsh as Treasury Secretary on the understanding that he could later be Federal Reserve Chairman, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The report also said Bessent might lead the White House National Economic Council and then become Treasury Secretary after Warsh. Bessent has long been considered a top contender to run Treasury. Karoline Leavitt, a spokesperson for Trump's transition team, said in an email that decisions on personnel "will continue to be announced by him when they are made." BIG START Bessent, who grew up in a small town in South Carolina and went to Yale College before landing on Wall Street, started Key Square in late 2015. The firm quickly raised $4.5 billion - then one of the largest hedge fund launches in history. That included $2 billion from famed macroeconomic investor George Soros, for whom Bessent had helped earn billions of dollars over two stints at Soros Fund Management. Key Square's main fund returns surged 13% in its first year, 2016, according to a second person familiar with the firm. That year, it gained on correctly predicting the British pound's decline around "Brexit," a vote for Britain to leave the European Union, according to the first person familiar with the situation. Later, Key Square made money when Bessent correctly anticipating a U.S. stock and dollar rally when Donald Trump was elected that November, according to the first person. But Key Square lost 7% in 2017, and then lost money or just broke even from 2018 to 2021, according to the second person and performance disclosures from one of its investors, New York City Police Pension Fund. The hedge fund gained double digits in both 2023 and 2024 and is up "double digits" over its history, according to the second person. That uneven performance appears to have scared away some clients. Assets under management shrank from a peak of around $5.1 billion at the end of 2017 to $577 million as of December 2023, while the number of institutional investors fell from 180 in December 2017 to 20 by the end of 2023, according to regulatory disclosures tracked by Convergence Inc. Soros took back most of his capital in 2018, per a previous agreement with Bessent to return the money, according to a third source familiar with the matter. Soros no longer has any money managed by Bessent, according to the third person. The two men have not spoken since 2016, Bessent said in a recent interview with Trump ally Roger Stone. Other large clients who no longer have money with Key Square include Australia's Future Fund, Morgan Stanley Alternative Investment Partners, and the New York City Police and Fire pension funds, according to public records and regulatory disclosures. One large hedge fund allocator told Reuters that they pulled their money several years ago from Key Square because the returns had been “too inconsistent.” Another large Key Square investor withdrew from the hedge fund last year because of Bessent’s support of Trump, according to the second person familiar with the firm. While Key Square's hedge fund assets have declined, it has other business lines that remain strong, including providing investment ideas to other money managers and an advisory business for family offices, foundations and endowments, according to the two people familiar with the firm. It also has plans to launch an ETF, according to a recent securities filing. The University of California redeemed its assets from Key Square amid a broader pull back from using hedge funds, but Bessent has remained "deep source of knowledge for us," chief investment officer, Jagdeep Singh Bachher, told Reuters via email. Another longtime client to stick with Key Square is Brevan Howard Asset Management, the $34 billion macro hedge fund manager co-founded by British billionaire Alan Howard. "Scott is one of the best macro investors in the world," a spokesperson for Brevan Howard said via email. "His understanding of markets, public policy, and the global economy is largely unmatched." Semafor previously reported that selective Key Square performance numbers were being shared around Wall Street chats as Bessent competed for the coveted post of U.S. Treasury Secretary. The report did not reveal the numbers shared. POLITICAL BET Bessent contributed to Trump’s inauguration following his 2016 election win. He was more involved during the 2024 election cycle, serving as an economic adviser to the campaign in addition to being a top fundraiser. Since the election, he has made TV appearances and written opinion pieces in support of Trump's proposed economic agenda. “I was all in for President Trump. I was one of the few Wall Street people backing him,” Bessent recent said in the interview with Stone. In January this year, Bessent predicted a “Trump Rally” in stocks as long as the Republican remained ahead in the election polls. “We are expecting an upward trajectory in the U.S. equity markets,” he wrote in the letter to Key Square clients. “Barring (President Joe) Biden pulling ahead in substantial fashion, all pullbacks should be bought.” (Reporting by Lawrence Delevingne in Boston and Carolina Mandl in New York; editing by Paritosh Bansal, Megan Davies and Deepa Babington)New Rhyl houses are completed on site of immortalised by Lowry
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Wedbush Securities Global Head of Technology Research Dan Ives has noted that Tesla could achieve a $2 trillion market cap in the coming 12 to 18 months. The analyst stated that the company’s advancements in AI and autonomous technology could play a part in Tesla’s rise. During a segment on CNBC’s Closing Bell , Ives noted that Tesla has a lot of potential to grow even more despite its recent rally. As per the analyst, Tesla’s autonomous driving efforts alone could be worth a trillion dollars, so it would not be a surprise if the electric vehicle maker hits a $2 trillion valuation. “I believe Tesla is a stock that can ultimately double from here over the next 12 to 18 months. Autonomous itself, we think, is worth $1 trillion. So when you think, today, I view Tesla as the most undervalued name in the market. It is not ridiculous,” Ives noted. We believe Cybercab and Autonomous is worth $1 trillion alone to the Tesla story @CNBCOvertime @CNBC @CNBCtech 🔥🏆🍿🐂📺🌎 https://t.co/8qQ0MHgaTn The Wedbush analyst also noted in a report that Musk’s rapport with a Trump-led administration could pave the way for Tesla to expedite its self-driving car initiatives. “We fully expect under a Trump White House, those initiatives will now get fast tracked as the federal regulatory spiderweb that Musk & Co have encountered over the past few years clears significantly,” Ives noted . Wedbush has rated Tesla stock as Outperform, setting a price target at $400, one of the highest in the Street. Tesla stock has seen a lot of momentum following Donald Trump’s win in the 2024 U.S. presidential elections. As of Friday’s close, Tesla shares were ahead nearly 40% for the year. The company has also reached a market cap of about $1.07 trillion, making it one of only eight companies in the market with a valuation of more than a trillion dollars. Watch Dan Ives’ interview with CNBC ‘s Closing Bell in the video below. Don’t hesitate to contact us with news tips. Just send a message to simon@teslarati.com to give us a heads up.
Formula 1 expands grid to add General Motors' Cadillac brand and new American team for 2026 seasonThe princely couple extended their congratulations to Max Verstappen on behalf of the Princess Charlene of Monaco Foundation, following his victory at the Las Vegas Grand Prix on Sunday, November 24. With this triumph, Verstappen secured his fourth Formula 1 World Championship title, solidifying his legacy among motorsport icons such as Schumacher, Hamilton, Fangio, Prost, and Vettel. The Princess Charlene Foundation, dedicated to water safety and youth empowerment, commended Verstappen not only for his exceptional on-track achievements but also for his charitable contributions to the Foundation’s initiatives. In September, Verstappen demonstrated his commitment to the Foundation’s mission by donating a sidepod from his Formula 1 car for auction during the Calvi-Monaco Water Bike Challenge. This donation was instrumental in raising crucial funds for the Foundation’s work in preventing drowning and promoting water safety among young people. The Foundation expressed its deep gratitude to the Dutch driver for his unwavering support. His involvement has directly contributed to providing life-saving water safety training and awareness campaigns, empowering young people and fostering development through sport.