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Article content MEXICO CITY — Mexico has been taking a bashing lately for allegedly serving as a conduit for Chinese parts and products into North America, and officials here are afraid a re-elected Donald Trump or politically struggling Canadian Prime Minister Justin Trudeau could try to leave their country out of the U.S.-Mexico-Canada free trade agreement. Recommended Videos Mexico’s ruling Morena party is so afraid of losing the trade deal that President Claudia Sheinbaum said Friday the government has gone on a campaign to get companies to replace Chinese parts with locally made ones. “We have a plan with the aim of substituting these imports that come from China, and producing the majority of them in Mexico, either with Mexican companies or primarily North American companies,” Sheinbaum said. While Sheinbaum claimed Mexico had been working on that effort since t he 2021 global supply chain crisis — when factories around the world were stalled by a lack of parts and particularly computer chips from Asia — it appears to be an uphill battle. Even the United States has faced big challenges in moving chip production back home despite billions in subsidies and incentives. Mexico gained tens of thousands of jobs when U.S. and foreign automakers moved their plants to Mexico under the free trade pact to take advantage of much lower wages. But the idea that Chinese parts _ or even whole cars — could be piggybacking on that arrangement to further hollow out the U.S. auto industry has enraged some people north of the border. So Mexico is scrambling with private companies to get them to move parts production here. “Next year, God willing, we are going to start making microchips in Mexico,” Mexican Economy Secretary Marcelo Ebrard said on Thursday. “Of course they’re not yet the most advanced chips, but we are going to start producing them here.” Mexico’s nationalistic ruling party, which is normally very resistant to being seen as bending to U.S. demands, is scrambling in other ways, too. The ruling party is in the process of eliminating a half-dozen independent regulatory and oversight agencies that were established by former presidents. That includes the anti-monopoly, transparency and energy regulatory bodies. Together with reforms that will make all judges stand for election in Mexico, that has sparked concern in the U.S. and Canada. Countries are required under the agreement to have some independent agencies, in part to protect foreign investors. For example, they could prevent a government from approving a monopoly for a state-owned company that could force competitors out of the market. So ruling-party legislators are actually re-writing the proposed laws to exactly mimic the minimum accepted requirements under the trade accord. “What is being done is to create a reform so that its almost exactly equal to what exists in the United States, so we can clear that up,” Ebrard said. It’s all part of a very legalistic defence of the trade accord, signed in 2018 and approved in 2019. Mexico hopes the rules of the agreement would prevent the U.S. or Canada from simply walking away when the trade pact comes up for review in 2026. Experts agree, saying that totally abandoning the accord is unlikely. Gabriela Siller, director of economic analysis of the financial group Banco Base notes that if a country is dissatisfied with the trade agreement during the periodic reviews, like in 2026, there is a clause in the pact that says they can ask for a review each year to work out a solution, and keep doing that for a decade while the agreement remains in force. “That is, they wouldn’t be able to get out until 2036,” Siller said. “I think they will play hardball with Mexico in the 2026 review.” Like any marriage, when the pact no longer works for one party, it may still drag on for years but it’s death by a thousand cuts. C.J. Mahoney. who served as deputy U.S. trade representative in Trump’s first administration, said in a talk for the Texas-based Baker Institute in September that the United States probably wouldn’t end the trade agreement. But with growingly vocal critics of the pact it could hold up renewing it for years. “The costs of not renewing immediately are actually quite relatively low,” Mahoney said. “I think the inclination to just kick the can down the road will be pretty strong.” Because many companies won’t make big investments in production facilities without certainty, that could be a serious if not fatal blow to the pact. How much does Mexico actually buy from China? Mexican officials say they have fewer imports of Chinese parts and products than the United States does. But given the enormous size difference between the two countries’ economies, it is a true but weak argument. In July, the U.S. imposed tariffs on steel and aluminum shipped from Mexico that were made elsewhere, in an attempt to stop China from avoiding import taxes by routing goods through Mexico. It includes a 25% tariff on steel not melted or poured in Mexico and a 10% tariff on aluminum. Sen. Sherrod Brown, an Ohio Democrat, has called for stopping Mexican steel imports, saying “the alarming rise in Chinese steel and aluminum coming into the country through Mexico ... is unsustainable and a threat to American jobs, as well as our economy and national security.” In the end, Mexico may be forced to crack down on Chinese imports, but it won’t be easy. “Reducing the dependence on Chinese imports is not going to be achieved in the short or medium term,” said Jose Maria Ramos, a professor of public administration at the Colegio de la Frontera Norte in Tijuana.
LITCHFIELD – A fiscally beleaguered Region 20 Board of Education is facing an increasing deficit in its $41.5 million budget for 2024-25, a shortfall that now stands at a projected $2.3 million as the board gears up to seek a cash infusion of $1.9 million in a referendum Dec. 3. The school board, grappling with a deficit since early July, received the latest bad news during its meeting Thursday at Lakeview High School. It came from Acting Superintendent Kristen Della Volpe and the board’s financial consultant, Thomas Ariola. Despite clamping down on discretionary spending, the board continues to face a stubborn deficit, Ariola said, one that is now higher than the projected shortfall of $2.1 million reported in July. “This is getting hard now and you are going to have to look at making cuts,” Ariola told the board. “The budget has some very large concerns, but there are ways to shave (the deficit) down to make it more reasonable.” After discussion, the board directed Della Volpe to develop a list of potential cuts for it to consider, though a dollar figure was not included in the request. Earlier in the meeting, Della Volpe said she was prepared to offer $307,000 in potential reductions. The updated shortfall, Ariola said, was identified after a “deep dive” into the budget and with help from school board member Scott Pottbecker of Morris, who works as a chief financial officer for a private school in Massachusetts. “Can we afford to wait?” Pottbecker asked regarding the prospect of making cuts. “The position we’re in isn’t going to get better. I believe we should empower (Della Volpe) to do the job of reducing the deficit.” Alternatives to cutting spending, Della Volpe said, could include rolling the deficit into the board’s budget for 2025-26 or seeking from Litchfield, Warren, Morris and Goshen a one-time tax assessment that would erase the shortfall. “We need to be prudent, get in there and do it as efficiently as possible,” school board member Matthew Terzian of Litchfield said in support of budget cuts. NEWS OF THE UPDATED DEFICIT comes as the board prepares for a referendum that will ask for $1.9 million in bonding to pay off Litchfield’s $1.8 million in existing education debt as called for in the plan that approved creation of the Region 20 district. The balance of the $1.9 million would cover fees associated with securing bonding. Bonding, if approved, would allow the board to recoup nearly $1.2 million in two payments already made to Litchfield and the remaining $700,000 due in July 2025. Without the bonding, the board could face a cash-flow problem in late winter or early spring, Ariola has advised. According to the update provided by Ariola, the review of the budget identified projected shortfalls that include $820,847 for unbudgeted noncertified staff positions, $415,340 for unbudgeted certified staff positions and $372,695 in tuition for students needing out-of-district services. There also is a projected $326,800 deficit for legal fees associated with formation of Region 20, and for central office transition, special education, technology operations and insurance. Bus transportation, meanwhile, faces a projected $324,286 deficit. That $1,416,000 line item in the budget should be $1,711,600, Ariola noted. An unanticipated increase in fuel of 20 cents per gallon and an increase in special-education transportation round out the shortfall. The review did identify a projected $330,000 surplus in pension costs and projected $143,168 savings in utilities, custodial supplies and maintenance. WARREN FIRST SELECTMAN GREGORY LACAVA will serve as moderator of a public informational meeting Tuesday that will give residents a chance to learn about the Region 20 school board $1.9 million bonding request that voters will consider Dec. 3. The meeting will be at 6 p.m. at Warren Woods. Warren’s three board representatives, Tiffany Parkhouse, Ashley Westfall and Robert DeLayo, will participate in the discussion and take questions. Contact John McKenna at jmckenna33 @ optonline.net.
The Vancouver Canucks will be missing a top-pairing defenceman for the next two months. On Tuesday, the Canucks announced that Filip Hronek will be out for "approximately eight weeks." That timeline makes sense for a significant shoulder separation, which is the leading theory for the injury suffered by Hronek at the end of the Canucks' game against the Pittsburgh Penguins on November 27. Hronek was shoved into the boards by Penguins defenceman Jack St. Ivany with less than a minute remaining in the game. Hronek fell awkwardly into the boards and immediately went to the bench and down the tunnel to the Canucks' room. Thankfully, Hronek's assumed shoulder injury won't require surgery. But Hronek evidently had more going on than just that upper-body injury. The Canucks' statement from general manager Patrik Allvin said that Hronek "underwent a successful lower-body procedure." That suggests Hronek was already dealing with a lower-body injury when he suffered his upper-body injury. Since the latter injury was already going to keep Hronek out of the Canucks' lineup for a significant amount of time, Hronek and the Canucks decided to deal with the lower-body injury at the same time because the surgery had a shorter recovery time. The upside of this is that Hronek can mend both injuries simultaneously and should be fully healthy when he returns. The downside is that recuperating from a procedure on his lower body means that Hronek might not be able to keep exercising in the same way if he was only dealing with an upper-body injury. Frequently, players who are dealing with an upper-body injury will be able to keep skating and exercising to keep up their conditioning as they recover. Dealing with a lower-body injury at the same time means that Hronek will have to ramp up his conditioning later on in his recovery period. Knowing the timeline for Hronek gives the Canucks some clarity moving forward. The big question is whether they will look to make a trade for a defenceman in the near future or if they will try to work with the defence corps they already have in place. Quinn Hughes' ice time has spiked in recent games to a level that might not be sustainable, while the team has struggled to find second and third defence pairs that can help keep Hughes' ice time at a more reasonable level.
"Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum." Section 1.10.32 of "de Finibus Bonorum et Malorum", written by Cicero in 45 BC "Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt ut labore et dolore magnam aliquam quaerat voluptatem. Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam, nisi ut aliquid ex ea commodi consequatur? Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum fugiat quo voluptas nulla pariatur?" 1914 translation by H. Rackham "But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful. Nor again is there anyone who loves or pursues or desires to obtain pain of itself, because it is pain, but because occasionally circumstances occur in which toil and pain can procure him some great pleasure. To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage from it? But who has any right to find fault with a man who chooses to enjoy a pleasure that has no annoying consequences, or one who avoids a pain that produces no resultant pleasure?" 1914 translation by H. Rackham "But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful. Nor again is there anyone who loves or pursues or desires to obtain pain of itself, because it is pain, but because occasionally circumstances occur in which toil and pain can procure him some great pleasure. To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage from it? But who has any right to find fault with a man who chooses to enjoy a pleasure that has no annoying consequences, or one who avoids a pain that produces no resultant pleasure?" Thanks for your interest in Kalkine Media's content! To continue reading, please log in to your account or create your free account with us.PHILADELPHIA (AP) — Jalen Hurts and A.J. Brown’s troubles connecting on the field have yet to blow into a family feud inside the locker room — honest, both stars said. Between Hurts and Brown, it’s all good in Philly. “Me and Jalen are good,” Brown said. Added Hurts, “We’re good, we’re good.” So there will be no sit-ups in the driveway, no apologies on the front lawn, and certainly, it seems, no rift between Hurts and his No. 1 receiver. each downplayed any hint of a fissure Wednesday between the two after defensive end Brandon Graham appeared this week on a Philadelphia sports radio station and suggested there was friction between the Pro Bowl duo. The two were long before they became teammates and Hurts is the godfather for Brown’s daughter. Graham's comments — in which he noted “ ,” between the two, without offering specifics — exploded into tabloid and fan fodder this week in Philadelphia. His insinuations that the duo were not on the same page came on the heels of Brown's quote after a sluggish win over Carolina that the “ ” wasn’t playing up to standard, even with the Eagles at 11-2. “BG knows he spoke out of place,” Hurts said. Graham, who is sidelined with a triceps injury, clarified his comments later to an ESPN reporter, saying he made the wrong assumption about the relationship between Hurts and Brown and planned to apologize to both players. Brown, with 109 yards receiving combined the last two games, said his beef with the offense wasn't directed at Hurts. It was everything from offensive coordinator Kellen Moore's play calling to execution to all the ingredients in a successful offense that make a team a Super Bowl contender. The usually pass-happy Eagles have leaned more on running back Saquon Barkley, who set the franchise season rushing record of 1,623 yards against the Panthers and is for the NFL mark. “Obviously, it's not about running the ball,” Brown told reporters. “He's about to win MVP. Clearly. What other things can we do on offense? We have to pass the ball. That can go into protection, that can go into picking up the block, that goes to us getting open quicker. Getting on the same page.” Eagles coach Nick Sirianni said he never witnessed any issues between Hurts and Brown and only saw two players who worked hard together, even working on routes after practice and seemed to have a deep personal connection on and off the field. “You guys get to see three hours every Sunday where emotions can play as high as they’re going to play,” Sirianni said. “I get to see these guys every single day, how they go about their business and interact with each other.” Brown, who was coming off consecutive 1,000-yard receiving seasons, wasn't necessarily wrong in his frustration with the recent stagnation of the passing game. Hurts, who signed a contract extension ahead of the 2023 season that was worth , has thrown for fewer than 200 yards in three straight games. Wide receiver DeVonta Smith — who also complained Sunday about the offense — was also coming off consecutive 1,000-yard receiving seasons but has yet to break 100 yards in a game this season. Brown has four 100-yard games, well off last season’s run when he topped 100 yards in six straight games and seven times overall. Hurts has been more efficient than explosive this season but has still thrown 12 touchdown passes to just one interception — and rushed for 11 more scores — during the Eagles' nine-game winning streak that has them on the brink of clinching the NFC East. Maybe playing the Steelers on Sunday at home can snap the Eagles out of their offensive malaise. Hurts threw three TD passes to Brown in a 35-13 win in 2022. “Do we all have things to get better at in the passing game? Yeah, I think that’s obvious,” Sirianni said. “I think that’s what we’ve been talking about. We all have things that we’ve got to get better at, coaches, players. But this is why this is the greatest team sport there is. It takes everybody. It takes every single person being together, every single person for the success to happen. It’s just not a one-person thing.” AP NFL:
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Prior to announcing his Senate candidacy in April 2023, Bernie Moreno was a political no name. A former car salesman in the Cleveland area, his only prior experience in politics was a losing bid for Ohio’s other Senate seat in 2022. Moreno has since accomplished the once unthinkable. On Nov. 5, as part of the election that swept Donald Trump back into the White House, Moreno defeated Democratic incumbent Senator Sherrod Brown, who was first elected to the House in 1992, before winning his Senate seat in 2006 and chairing the powerful Banking Committee since 2021. Moreno’s rise from unsung Ohio businessman to prominent political leader was no accident. His campaign was backed by $40 million from the cryptocurrency industry as part of a highly targeted effort to get friendly candidates elected and, perhaps more importantly, its critics removed. Moreno’s victory was one of the Senate seats Republicans flipped to take control of the chamber. In total, crypto-related PACs and other groups tied to the industry reeled in over $245 million, according to Federal Election Commission data. Crypto accounted for nearly half of all corporate dollars that flowed into the election, according to nonprofit watchdog Public Citizen. Advocacy group Stand With Crypto Alliance, which Coinbase launched last year, developed a grading system for House and Senate races across the country as a way to help determine where money should be spent. Crypto execs, investors and evangelists saw the election as existential to an industry that spent the past four years simultaneously trying to grow up while being repeatedly beaten down. Nearly 300 pro-crypto lawmakers will take seats in the House and Senate, according to Stand With Crypto, giving the sector unprecedented influence over the legislative agenda. The crypto political lobby worked so well this cycle because it made something complicated, like campaign finance, simple: Raise a ton of cash from a handful of donors and buy ad space in battleground states to either support candidates who back crypto or smear the candidates who don’t. It also required thinking of candidates as a bit of a binary: They were either with the industry or against it. Crypto companies and their executives mobilized rapidly, and they successfully figured out how to deploy their cash through a sophisticated ad machine across the country. They also took cues from what big tech got wrong. Rather than spending hundreds of millions of dollars on lobbying legislators post-election, the crypto industry invested in targeting their opponents ahead of the election so they wouldn’t have to deal with them at all the next few years. For over a year, Moreno was grilled by Silicon Valley heavy hitters like Marc Andreessen, Ben Horowitz and David Sacks about blockchain technology, digital asset policy and the shifting terrain of global finance. “They didn’t just jump in head first,” Moreno said, describing the scores of meetings that stretched back to his run in the primary. “We had to build a lot of trust.” Moreno also met with Coinbase co-founders Brian Armstrong and Fred Ehrsam as well as policy chief Faryar Shirzad. Armstrong and Ehrsam did not respond to CNBC’s request, through Coinbase, for comment about the meetings. Coinbase is the largest digital asset exchange in the U.S. and has been battling the Securities and Exchange Commission in court for over a year. The company was the crypto kingmaker in the 2024 cycle, giving more than $75 million to a super PAC called Fairshake. It was one of the top spending committees of any industry this cycle and exclusively gave to pro-crypto candidates running for Congress. Fairshake’s candidates won virtually every race that it funded in the general election. “Being anti-crypto is simply bad politics,” Coinbase’s Armstrong wrote on X following Moreno’s victory. As the price of bitcoin has multiplied by about sixfold in the past four years, SEC Chairman Gary Gensler has taken major crypto players like Coinbase and Ripple to court for allegedly selling unregistered securities and has avoided working with companies to develop new specialized regulations. Meanwhile, Sen. Brown sided with the expressly anti-crypto Sen. Elizabeth Warren, D-Mass., in targeting crypto for allegedly funding terrorist organizations, including Hamas. Brown became more vocal in calling for crackdowns of the industry after the failure of crypto exchange FTX in late 2022. As FTX was spiraling into bankruptcy, Brown on Nov. 10 retweeted a post from the Senate Banking Committee calling the event “a loud warning bell that cryptocurrencies can fail” and can “have a ripple effect on consumers and other parts of our financial system.” The bipartisan Fairshake won all but three races in the general election, spending big on Republicans and Democrats gunning for key seats. Protect Progress, a PAC affiliated with Fairshake, gave more than $10 million apiece to Democratic candidates for the Senate in Arizona and Michigan. Both won. Defend American Jobs, another one of Fairshake’s affiliated PACs, spent more than $3 million to support Republican Jim Justice in West Virginia, who will take the former seat of Democratic Sen. Joe Manchin when the new session gets underway in 2025. In California, Democratic Rep. Katie Porter lost a Senate primary after Fairshake spent more than $10 million on ads against her. “I was, like, ‘What the heck is Fairshake?’” Porter told The New Yorker . How tech bros made their pick Those vetting Moreno wanted to understand what he would do differently than the current administration and regulatory regime, the senator-elect told CNBC in an interview. “These are people who know how to vet investments, know how to vet people and they took that same discipline” with me, Moreno said. It helped that he’d built a blockchain startup, a company called Champ Titles that digitizes automobile ticketing and registration. “What they didn’t want was to put time, effort and energy behind somebody who, at the end, would be a disappointment,” Moreno said. A spokesperson for Andreessen and Horowitz, who are co-founders of a venture firm bearing their names, declined to comment. Sacks, founder of Craft Ventures, didn’t respond to CNBC’s request for an interview. Coinbase’s Shirzad met Moreno over breakfast in Washington in the spring. Moreno wasn’t an expert on the details of the policy issues he’d be pursuing but had a clear understanding of crypto technology and how it could be applied, Shirzad told CNBC in an interview. “It was a really great meeting of minds between me as a policy guy and him as kind of a business guy that saw the potential of the technology,” Shirzad said. Moreno was out of cash after spending all he had on a tough and expensive primary, said David McIntosh, an early backer of Moreno’s Senate bid and president of the Club for Growth, a conservative organization that focuses on American economic issues. Fairshake played a crucial role for Moreno’s campaign starting in the summer, McIntosh said. Moreno’s victory over Brown “sent a really strong signal to Washington that the voters are going to support candidates who are pro-blockchain,” McIntosh said. McIntosh noted that the Club for Growth spent $6.5 million to help Moreno with advertising in the primary through its different super PACs, including the Bitcoin Freedom Fund. Brown’s office didn’t respond to multiple requests for comment. Brown told Politico he hasn’t ruled out running for Vice President-elect JD Vance’s open Senate seat in Ohio, which will be filled by special election in 2026. Moreno benefited from branding himself as the “change” candidate while Brown “became a defender of the status quo,” Shirzad said. “Crypto thematically is a change issue,” Shirzad said. “It appeals to not only a younger demographic, but it also appeals to voters who want to change.” Fairshake declined to comment on whether it would spend to block another Brown Senate run, but the super PAC has already raised $78 million for the 2026 midterms. “We stuck to our core strategy from Day 1, supported pro-crypto candidates and opposed those who played politics with jobs and innovation, and won,” Fairshake told CNBC in a statement. ‘Most pro-crypto Congress ever’ The past two election cycles featured spending from the now-bankrupt crypto exchange FTX and its founder Sam Bankman-Fried, who was sentenced to 25 years in prison in March for stealing more than $8 billion worth of customer money through FTX. This year’s contributor list was more robust but saw large sums of funding come from companies that have been at odds with SEC Chair Gensler for years. That includes Coinbase and blockchain giant Ripple Labs. Prominent venture fund Andreessen Horowitz, which has a large portfolio of crypto companies, was one of the other primary contributors. A lot of crypto’s big names also gave significantly in 2024. FEC filings show Cameron and Tyler Winklevoss were among the largest individual crypto donors this election cycle, giving a combined $10.1 million. Top executives from Ripple contributed millions, led by billionaire founder Chris Larsen, who gave around $12 million this cycle. Coinbase CEO Armstrong gave over $1.3 million to a mix of PACs including Fairshake and JD Vance for Senate Inc. He also gave directly to Democrats and Republicans running for House and Senate seats. Coinbase Chief Legal Officer Paul Grewal attended at least two Trump fundraisers, including one in Nashville , Tennessee, on the sidelines of the biggest bitcoin event of the year. Kraken Chairman Jesse Powell donated over $1 million to the Trump campaign. Other individual crypto contributors include ex-Bitfinex strategy chief Phil Potter (over $1.6 million), Multicoin Capital’s Kyle Samani ($878,600), Paradigm co-founder Fred Ehrsam ($735,400), Union Square Ventures partner Fred Wilson ($1,4 million), Paxos CEO Charles Cascarilla ($198,500), BitGo CEO Mike Belshe ($119,825), Solana co-founder Anatoly Yakovenko ($67,100), and Xapo Bank founder Wences Casares ($374,899). This week, Armstrong reportedly met with the president-elect to discuss appointments. Within a day, conversations swirled about the potential for the White House’s first crypto czar . By the end of the week, SEC Chair and longtime crypto foe Gensler, whose term doesn’t expire until June 2026, announced he was retiring on inauguration day. One of Trump’s promises to his crypto fans on the campaign was that he would fire the SEC head and choose crypto-friendly regulators if elected. Gensler may have taken a look at the pressure that faces him across Washington and decided it just wasn’t worth trying to stick it out. “Welcome to America’s most pro-crypto Congress ever,” Armstrong wrote on X on Nov. 5.
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By JAMIE STENGLE, Associated Press DALLAS (AP) — More than 60 years after President John F. Kennedy was assassinated , conspiracy theories still swirl and any new glimpse into the fateful day of Nov. 22, 1963, in Dallas continues to fascinate . Related Articles President-elect Donald Trump promised during his reelection campaign that he would declassify all of the remaining government records surrounding the assassination if he returned to office. He made a similar pledge during his first term, but ultimately bended to appeals from the CIA and FBI to keep some documents withheld. At this point, only a few thousand of the millions of governmental records related to the assassination have yet to be fully released, and those who have studied the records released so far say that even if the remaining files are declassified, the public shouldn’t anticipate any earth-shattering revelations. “Anybody waiting for a smoking gun that’s going to turn this case upside down will be sorely disappointed,” said Gerald Posner, author of “Case Closed,” which concludes that assassin Lee Harvey Oswald acted alone. Friday’s 61st anniversary is expected to be marked with a moment of silence at 12:30 p.m. in Dealey Plaza, where Kennedy’s motorcade was passing through when he was fatally shot. And throughout this week there have been events marking the anniversary. When Air Force One carrying Kennedy and first lady Jacqueline Kennedy touched down in Dallas , they were greeted by a clear sky and enthusiastic crowds. With a reelection campaign on the horizon the next year, they had gone to Texas on political fence-mending trip. But as the motorcade was finishing its parade route downtown, shots rang out from the Texas School Book Depository building. Police arrested 24-year-old Oswald and, two days later, nightclub owner Jack Ruby fatally shot Oswald during a jail transfer. A year after the assassination, the Warren Commission, which President Lyndon B. Johnson established to investigate the assassination, concluded that Oswald acted alone and there was no evidence of a conspiracy. But that hasn’t quelled a web of alternative theories over the decades. In the early 1990s, the federal government mandated that all assassination-related documents be housed in a single collection in the National Archives and Records Administration. The collection of over 5 million records was required to be opened by 2017, barring any exemptions designated by the president. Trump, who took office for his first term in 2017, had boasted that he’d allow the release of all of the remaining records but ended up holding some back because of what he called the potential harm to national security. And while files have continued to be released during President Joe Biden’s administration, some still remain unseen. The documents released over the last few years offer details on the way intelligence services operated at the time, and include CIA cables and memos discussing visits by Oswald to the Soviet and Cuban embassies during a trip to Mexico City just weeks before the assassination. The former Marine had previously defected to the Soviet Union before returning home to Texas. Mark S. Zaid, a national security attorney in Washington, said what’s been released so far has contributed to the understanding of the time period, giving “a great picture” of what was happening during the Cold War and the activities of the CIA. Posner estimates that there are still about 3,000 to 4,000 documents in the collection that haven’t yet been fully released. Of those documents, some are still completely redacted while others just have small redactions, like someone’s Social Security number. There are about 500 documents where all the information is redacted, Posner said, and those include Oswald’s and Ruby’s tax returns. “If you have been following it, as I have and others have, you sort of are zeroed in on the pages you think might provide some additional information for history,” Posner said. Trump’s transition team hasn’t responded to questions this week about his plans when he takes office. From the start, there were those who believed there had to be more to the story than just Oswald acting alone, said Stephen Fagin, curator of the Sixth Floor Museum at Dealey Plaza, which tells the story of the assassination from the building where Oswald made his sniper’s perch. “People want to make sense of this and they want to find the solution that fits the crime,” said Fagin, who said that while there are lingering questions, law enforcement made “a pretty compelling case” against Oswald. Larry J. Sabato, director of the University of Virginia Center for Politics, said his interest in the assassination dates back to the event itself, when he was a child. “It just seemed so fantastical that one very disturbed individual could end up pulling off the crime of the century,” Sabato said. “But the more I studied it, the more I realized that is a very possible, maybe even probable in my view, hypothesis.”
Awarded industry-first design win from a top-four hyperscaler SANTA CLARA, Calif. , Dec. 3, 2024 /PRNewswire/ -- Today Pure Storage (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technologies and services, announced financial results for its third quarter fiscal year 2025 ended November 3, 2024. "Pure Storage has achieved another industry first in our journey of data storage innovation with a transformational design win for our DirectFlash technology in a top-four hyperscaler," said Pure Storage Chairman and CEO Charles Giancarlo . "This win is the vanguard for Pure Flash technology to become the standard for all hyperscaler online storage, providing unparalleled performance and scalability while also reducing operating costs and power consumption." Third Quarter Financial Highlights "Our third quarter results exceeded our expectations on revenue and operating income, demonstrating the sustaining strength of our business models," said Kevan Krysler , Pure Storage CFO. "We remain focused on driving both near-term results and long-term value creation through disciplined investments and innovation that position Pure as the leader in transforming the data storage landscape." Third Quarter Company Highlights Industry Recognition and Accolades Fourth Quarter and FY25 Guidance Q4FY25 Revenue $867M Revenue YoY Growth Rate 9.7 % Non-GAAP Operating Income $135M Non-GAAP Operating Margin 15.6 % FY25 Revenue $3.15B Revenue YoY Growth Rate 11.5 % Non-GAAP Operating Income $540M Non-GAAP Operating Margin 17 % These statements are forward-looking and actual results may differ materially. Refer to the Forward Looking Statements section below for information on the factors that could cause our actual results to differ materially from these statements. Pure has not reconciled its guidance for non-GAAP operating income and non-GAAP operating margin to their most directly comparable GAAP measures because certain items that impact these measures are not within Pure's control and/or cannot be reasonably predicted. Accordingly, reconciliations of these non-GAAP financial measures guidance to the corresponding GAAP measures are not available without unreasonable effort. Conference Call Information Pure will host a teleconference to discuss the third quarter fiscal 2025 results at 2:00 pm PT today, December 3, 2024. A live audio broadcast of the conference call will be available on the Pure Storage Investor Relations website . Pure will also post its earnings presentation and prepared remarks to this website concurrent with this release. A replay will be available following the call on the Pure Storage Investor Relations website or for two weeks at 1-800-770-2030 (or 1-647-362-9199 for international callers) with passcode 5667482. Additionally, Pure is scheduled to participate at the following investor conferences: Wells Fargo 8th Annual TMT Summit Date: Wednesday, December 4, 2024 Time: 1:30 p.m. PT / 4:30 p.m. ET Chief Technology Officer Rob Lee 27th Annual Needham Growth Conference Date: Thursday, January 16, 2025 Time: 9:45 a.m. PT / 12:45 p.m. ET Founder & Chief Visionary Officer John "Co z" Colgrove Chief Financial Officer Kevan Krysler The presentations will be webcast live and archived on Pure's Investor Relations website at investor.purestorage.com . ---- About Pure Storage Pure Storage (NYSE: PSTG) delivers the industry's most advanced data storage platform to store, manage, and protect the world's data at any scale. With Pure Storage, organizations have ultimate simplicity and flexibility, saving time, money, and energy. From AI to archive, Pure Storage delivers a cloud experience with one unified Storage as-a-Service platform across on premises, cloud, and hosted environments. Our platform is built on our Evergreen architecture that evolves with your business – always getting newer and better with zero planned downtime, guaranteed. Our customers are actively increasing their capacity and processing power while significantly reducing their carbon and energy footprint. It's easy to fall in love with Pure Storage, as evidenced by the highest Net Promoter Score in the industry. For more information, visit www.purestorage.com . Connect with Pure Blog LinkedIn Twitter Facebook Pure Storage, the Pure P Logo, Portworx, and the marks on the Pure Storage Trademark List are trademarks or registered trademarks of Pure Storage Inc. in the U.S. and/or other countries. The Trademark List can be found at purestorage.com/trademarks . Other names may be trademarks of their respective owners. Forward Looking Statements This press release contains forward-looking statements regarding our products, business and operations, including but not limited to our views relating to our opportunity with hyperscale and AI environments, our ability to meet hyperscalers' performance and price requirements, our ability to meet the needs of hyperscalers for the entire spectrum of their online storage use cases, the timing and magnitude of large orders, including sales to hyperscalers, the timing and amount of revenue from hyperscaler licensing and support services, future period financial and business results, demand for our products and subscription services, including Evergreen//One, the relative sales mix between our subscription and consumption offerings and traditional capital expenditure sales, our technology and product strategy, specifically customer priorities around sustainability, the environmental and energy saving benefits to our customers of using our products, our ability to perform during current macro conditions and expand market share, our sustainability goals and benefits, the impact of inflation, economic or supply chain disruptions, our expectations regarding our product and technology differentiation, new customer acquisition, and other statements regarding our products, business, operations and results. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted include, among others, those risks and uncertainties included under the caption "Risk Factors" and elsewhere in our filings and reports with the U.S. Securities and Exchange Commission, which are available on our Investor Relations website at investor.purestorage.com and on the SEC website at www.sec.gov . Additional information is also set forth in our Annual Report on Form 10-K for the year ended February 4, 2024. All information provided in this release and in the attachments is as of December 3, 2024, and Pure undertakes no duty to update this information unless required by law. Key Performance Metric Subscription ARR is a key business metric that refers to total annualized contract value of all active subscription agreements on the last day of the quarter, plus on-demand revenue for the quarter multiplied by four. Non-GAAP Financial Measures To supplement our unaudited condensed consolidated financial statements, which are prepared and presented in accordance with GAAP, Pure uses the following non-GAAP financial measures: non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating income (loss), non-GAAP operating margin, non-GAAP net income (loss), non-GAAP net income (loss) per share, and free cash flow. We use these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. Our management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance and liquidity by excluding certain expenses such as stock-based compensation expense, payments to former shareholders of acquired companies, payroll tax expense related to stock-based activities, amortization of debt issuance costs related to debt, and amortization of intangible assets acquired from acquisitions that may not be indicative of our ongoing core business operating results. Pure believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when analyzing historical performance and liquidity and planning, forecasting, and analyzing future periods. The presentation of these non-GAAP financial measures is not meant to be considered in isolation or as a substitute for our financial results prepared in accordance with GAAP, and our non-GAAP measures may be different from non-GAAP measures used by other companies. For a reconciliation of these non-GAAP financial measures to GAAP measures, please see the tables captioned "Reconciliations of non-GAAP results of operations to the nearest comparable GAAP measures" and "Reconciliation from net cash provided by operating activities to free cash flow," included at the end of this release. PURE STORAGE, INC. Condensed Consolidated Balance Sheets (in thousands, unaudited) At the End of Third Quarter of Fiscal 2025 Fiscal 2024 Assets Current assets: Cash and cash equivalents $ 894,569 $ 702,536 Marketable securities 753,960 828,557 Accounts receivable, net of allowance of $956 and $1,060 578,224 662,179 Inventory 41,571 42,663 Deferred commissions, current 86,839 88,712 Prepaid expenses and other current assets 204,485 173,407 Total current assets 2,559,648 2,498,054 Property and equipment, net 431,353 352,604 Operating lease right-of-use-assets 157,574 129,942 Deferred commissions, non-current 210,671 215,620 Intangible assets, net 23,039 33,012 Goodwill 361,427 361,427 Restricted cash 11,249 9,595 Other assets, non-current 99,504 55,506 Total assets $ 3,854,465 $ 3,655,760 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 102,021 $ 82,757 Accrued compensation and benefits 155,652 250,257 Accrued expenses and other liabilities 141,846 135,755 Operating lease liabilities, current 47,941 44,668 Deferred revenue, current 897,174 852,247 Debt, current 100,000 — Total current liabilities 1,444,634 1,365,684 Long-term debt — 100,000 Operating lease liabilities, non-current 146,390 123,201 Deferred revenue, non-current 784,282 742,275 Other liabilities, non-current 68,573 54,506 Total liabilities 2,443,879 2,385,666 Stockholders' equity: Common stock and additional paid-in capital 2,821,010 2,749,627 Accumulated other comprehensive income (loss) 1,023 (3,782) Accumulated deficit (1,411,447) (1,475,751) Total stockholders' equity 1,410,586 1,270,094 Total liabilities and stockholders' equity $ 3,854,465 $ 3,655,760 PURE STORAGE, INC. Condensed Consolidated Statements of Operations (in thousands, except per share data, unaudited) Third Quarter of Fiscal First Three Quarters of Fiscal 2025 2024 2025 2024 Revenue: Product $ 454,735 $ 453,277 $ 1,204,714 $ 1,161,978 Subscription services 376,337 309,561 1,083,608 878,838 Total revenue 831,072 762,838 2,288,322 2,040,816 Cost of revenue: Product (1) 154,970 126,770 385,446 343,588 Subscription services (1) 93,180 83,321 284,168 244,541 Total cost of revenue 248,150 210,091 669,614 588,129 Gross profit 582,922 552,747 1,618,708 1,452,687 Operating expenses: Research and development (1) 200,086 182,100 589,396 549,923 Sales and marketing (1) 255,830 231,707 757,069 696,885 General and administrative (1) 67,319 64,729 213,551 192,944 Restructuring and impairment (2) — — 15,901 16,766 Total operating expenses 523,235 478,536 1,575,917 1,456,518 Income (loss) from operations 59,687 74,211 42,791 (3,831) Other income (expense), net 17,156 5,184 50,684 23,619 Income before provision for income taxes 76,843 79,395 93,475 19,788 Income tax provision 13,204 9,006 29,171 23,915 Net income (loss) $ 63,639 $ 70,389 $ 64,304 $ (4,127)Trump has promised again to release the last JFK files. But experts say don’t expect big revelationsNEW YORK (AP) — U.S. stock indexes got back to climbing on Wednesday after the latest update on inflation appeared to clear the way for more help for the economy from the Federal Reserve . The S&P 500 rose 0.8% to break its first two-day losing streak in nearly a month and finished just short of its all-time high. Big Tech stocks led the way, which drove the Nasdaq composite up 1.8% to top the 20,000 level for the first time. The Dow Jones Industrial Average, meanwhile, lagged the market with a dip of 99 points, or 0.2%. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.