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A state's biggest environmental commitment faces a potential funding shortfall as analysis shows protecting key koala populations could cost more than $1.3 billion. or signup to continue reading The estimates, based on advice from the under-siege forestry industry, comes as the sector proposes two smaller alternatives for the planned Great Koala National Park in NSW. The park aims to link dozens of high-value koala habitat hubs near Coffs Harbour, protecting up to one in nine koalas living in NSW, Queensland and the ACT as well as 100 other native species. A report to be considered by state cabinet in the next fortnight lays out the cost of the baseline proposal to unite a string of national parks and state forests into a sprawling 176,000-hectare estate. Under conservationists' goal for a park twice the size of Canberra, establishment costs would reach an estimated $1.36 billion within five years. That includes $450 million in support to 2200 forestry workers, based on Victoria's cost of ending native timber harvesting. Ending wood supply contracts and establishing new plantations would add another $709 million, according to the analysis commissioned by the forestry industry. Only $80 million in state funds have been set aside for the park's establishment. The industry says a park one-fifth of the size could focus on areas with the highest populations of koalas and greater gliders while taking less than 10 per cent of the northeast wood supply. "The cost of the current assessment area comes with a jaw-dropping price tag for taxpayers," Australian Forest Products Association NSW chief executive James Jooste told AAP. "This is an enormous cost on taxpayers, and it puts the hardwood timber industry on the chopping block." The industry's preferred option comes with a 37,000-hectare footprint at an estimated establishment cost of $273 million and 440 jobs. An "acceptable" 58,000ha option would cost about $410 million and 660 jobs. Each proposal substantially reduces the amount of coastal forest under protection, with areas around Woolgoolga and Nambucca Heads left out. Environmentalists have attacked the analysis as disingenuous and grossly inflated. A Blueprint Institute assessment recently estimated the whole northeast NSW logging industry, including outside the national park footprint, would cost $215 million. "There is no science and there is certainly no credible economics in the logging industry pitch," Greens MP Sue Higginson said. "The real costs of the national park must be laid out including the actual losses the industry makes and the costs of the environmental harm of logging, including the carbon emissions." Logging has continued in state forests inside the proposed park area, although not since September 2023 in 106 koala hubs that mark out areas of high-value habitat. It comes as the state government faces mounting pressure over the impact of its logging business on nature. At least 5000 koalas were killed in the 2020 Black Summer bushfires and a subsequent parliamentary inquiry found they would be extinct by 2050 without urgent government intervention to stop habitat loss. An estimated 12,111 koalas live in the land earmarked for the national park. Official estimates have the combined koala population in NSW, Queensland and the ACT at somewhere between 95,000 and 238,000. The NSW government said the proposal from the industry advisory panel and two other panels would be considered before a final decision on the park's footprint. "We have always been clear that we need a comprehensive assessment process which takes into account environmental, economic, social, ecological and cultural issues," Environment Minister Penny Sharpe said. "The Great Koala National Park is the government's biggest environmental commitment, it will be delivered." DAILY Today's top stories curated by our news team. WEEKDAYS Grab a quick bite of today's latest news from around the region and the nation. WEEKLY The latest news, results & expert analysis. WEEKDAYS Catch up on the news of the day and unwind with great reading for your evening. WEEKLY Get the editor's insights: what's happening & why it matters. WEEKLY Love footy? We've got all the action covered. WEEKLY Every Saturday and Tuesday, explore destinations deals, tips & travel writing to transport you around the globe. WEEKLY Going out or staying in? Find out what's on. WEEKDAYS Sharp. Close to the ground. Digging deep. Your weekday morning newsletter on national affairs, politics and more. TWICE WEEKLY Your essential national news digest: all the big issues on Wednesday and great reading every Saturday. WEEKLY Get news, reviews and expert insights every Thursday from CarExpert, ACM's exclusive motoring partner. TWICE WEEKLY Get real, Australia! Let the ACM network's editors and journalists bring you news and views from all over. AS IT HAPPENS Be the first to know when news breaks. DAILY Your digital replica of Today's Paper. Ready to read from 5am! DAILY Test your skills with interactive crosswords, sudoku & trivia. Fresh daily! Advertisement AdvertisementEAST RUTHERFORD, N.J. (AP) — Drew Lock is likely going to start at quarterback for the New York Giants against the Indianapolis Colts on Sunday when they try to end a franchise-record 10-game losing streak. Lock started against Atlanta last weekend and his status became an issue after the 34-7 loss when coach Brian Daboll said the 28-year-old was having an issue with his right shoulder. An MRI was done Monday and Daboll announced Tuesday that Lock would be his starter if he stayed healthy. “It came back good so rocking and rolling,” Lock said, noting he was hurt on a third down pass to Daniel Bellinger in the first quarter when Falcons linebacker Matthew Judon pulled his arm on the play. He finished the game. There were questions whether Daboll would switch back to Tommy DeVito after Lock threw two pick-6s and lost a fumble on a strip-sack against the Falcons. Lock has had three interceptions returned for scores in three starts this season, including two on tipped passes. Daboll said it was important to give Lock a couple of starts in which he was able to get all the reps in practice. “Knowing what we did the week before, take the things we need to get better at into this week and actually be able to go out there and do it is something I’m looking forward to,” Lock said. “Similar cadences with the guys, being in the huddle together. I think it can only be a positive for such a roller coaster out of that spot.” The one thing that might change this week is the Giants center. John Michael Schmitz has an ankle injury and he did not practice Tuesday. He left the locker room with a boot on his right foot. New York has moved veteran guard Greg Van Roten to center when Schmitz was hurt and Lock also worked with guard Austin Schlottmann as his center while playing in Denver. “I’m pretty familiar with all the guys that are rotating in there,” Lock said. The Giants have the NFL's worst scoring offense, averaging 14.3 points. They benched Daniel Jones coming out of their bye week and days later released him after he requested it. DeVito has started two games and Lock three since Jones was released. New York has scored 59 points in those games, with 20 coming against Dallas in a seven-point loss on Thanksgiving. Running back Tyrone Tracy (ankle), wide receiver Malik Nabers (knee-foot), cornerback Greg Stroman (shoulder-shin), defensive tackle Cory Durden (shoulder), inside linebacker Micah McFadden (neck) and cornerback Dru Phillips (shoulder) also did not practice on Tuesday, which is usually a day off. The team will have off on Christmas Day and return to practice on Thursday. The Giants opened practice on Tuesday with the song “It’s the Most Wonderful Time of the Year” blaring on the loudspeakers in their indoor practice facility. Jones, who is on the Minnesota Vikings practice squad, sent the Giants offensive linemen Christmas gifts. “DJ comes in, saves me and Tommy once again, and then takes care of the guys,” Lock said. “I expected nothing less from the guy. That’s just who he is, and cares about these guys still.” AP NFL: https://apnews.com/hub/nflSwiss Olympic snowboarder Sophie Hediger dies in avalanche, aged 26
LETTER: Racism can't be excused for political convenienceDollar gains amid escalating geopolitical tensions( ) is holding up well lately after a 22% jump in massive volume during the week ended Dec. 6. This action means we might make a nice profit with a unique long call butterfly trade in Pure Storage stock that runs through February. oday's setup, the long call butterfly, thus features a twist. Pure Storage Stock: The Setup A basic long call butterfly combines a long call spread trade with a short call spread. They share the same short strike in between the two long strikes. We often see this in options jargon shorthand as a 1 by 2 by 1 or 1x2x1 option position. Put another way, we set up the butterfly by going long one call strike, short two call strikes, and long one call strike with increasing strike prices along the way. Our twist is as follows: Go long one call strike in Pure Storage stock. Then, we sell three call strikes, and finally buy two call strikes. What does this achieve? We use premium collected for the short call spreads further out of the money to finance the long call spread that is closer to being in the money. The only reason we use a 1x3x2 trade structure is to help finance the price of the long call spread. Now, should this feel too cumbersome for you, the long call spread might be a better alternative. Long Butterfly Trade Structure With A Twist The long call butterfly with a twist consists of three spreads: one long call spread and two short call spreads that will finance a portion of the premium required for the long call spread: Three,In a GQ Sports interview last year, Justin Jefferson revealed that he calls his Mercedes the “Batmobile,” and it’s easy to see why. The all-black matte finish gives his car a unique look that only the caped crusader would want to replicate. But with his new and lucrative contract , Jefferson could be surprised by the variety of cool and iconic cars he can now afford. Even the actual “Batmobile.” It turns out that the real “Batmobile” from the Dark Knight trilogy is now up for sale. Recently, it was announced that Warner Bros. and a custom car maker have crafted 10 replicas of the iconic superhero car, and for the price of $3 million, Jefferson could own it — the real thing. With a signing bonus of $88.7 million, the car is well within the price range for the Minnesota Vikings WR. But of course, nothing in life is ever easy. The process of securing one of these replicas is arduous. A buyer must apply, gain approval, and pay a deposit in order to secure one. But it doesn’t stop there. The delivery process takes about 15 months, so Jefferson wouldn’t receive the vehicle until 2026. The real kicker is that while the vehicles are fully functional, they are not street-legal. So even if Jefferson were to secure one, he would only be able to drive it on backlots and private locations. What’s the point of owning a $3 million car if you can’t even show it off on the streets? Fans reacted with some hilarious and genuine questions regarding the vehicle. All good questions that may come up during the application process. It’s hard to sell people luxury items that they can’t get any actual use out of. Nevertheless, it would be fitting if Jefferson pursued purchasing the vehicle. And if he could work something out with the city of Minneapolis to legally drive it occasionally, it would make for some great gameday arrival content on social media. Jefferson’s Mercedes-AMG GT comes with a hefty price tag of $150,000, and it’s one of the things the star WR can’t live without, claiming his life would be hectic without it. However, he did openly admit during the GQ interview that he’s keeping his options open for new cars. Specifically, he’s eyeing the Presidential Maybach, a car with a starting price of $200,000.
Western Union's WU short percent of float has fallen 3.02% since its last report. The company recently reported that it has 19.97 million shares sold short , which is 7.7% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.18 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish. See Also: List of the most shorted stocks Western Union Short Interest Graph (3 Months) As you can see from the chart above the percentage of shares that are sold short for Western Union has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted. Comparing Western Union's Short Interest Against Its Peers Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis. According to Benzinga Pro , Western Union's peer group average for short interest as a percentage of float is 4.67%, which means the company has more short interest than most of its peers. Did you know that increasing short interest can actually be bullish for a stock? This post by Benzinga Money explains how you can profit from it. This article was generated by Benzinga's automated content engine and was reviewed by an editor. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Looking Into AT&T's Recent Short Interest
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An online debate over foreign workers in tech shows tensions in Trump’s political coalitionTORONTO, Nov. 26, 2024 (GLOBE NEWSWIRE) — Rivalry Corp. (the “ ” or “ “) (TSXV: RVLY) (OTCQX: RVLCF) (FSE: 9VK), the leading sportsbook and iGaming operator for digital-first players, is pleased to announce that it has closed the initial tranche of a non-brokered private placement of 12,930,707 units of the Company (the “ “), at a price of $0.15 per Unit, for aggregate gross proceeds of approximately $1.94 million (the “ “). The Company may complete one or more additional closings, for aggregate gross proceeds (together with the proceeds raised under the initial closing) of up to approximately USD$3 million. Unless otherwise noted, all dollar figures are quoted in Canadian dollars. “This initial tranche of our non-brokered private placement was primarily subscribed to by insiders, family and friends, and long-term shareholders,” said Steven Salz, Co-Founder and CEO of Rivalry. “This commitment and demonstration of support is deeply gratifying as we press ahead into a new chapter for the Company.” Each Unit is comprised of one (1) subordinate voting share in the capital of the Company (each, a “ “) and one-half of one (1/2) Subordinate Voting Share purchase warrant (each whole warrant, a “ “). Each Warrant is exercisable into one Subordinate Voting Share in the capital of the Company (each, a “ “) at a price of $0.25 per Warrant Share for a period of 12 months from the date hereof, subject to the Company’s right to accelerate the expiry date of the Warrants upon 30 days’ notice in the event that the closing price of the Subordinate Voting Shares is equal to or exceeds $0.50 on the TSX Venture Exchange (or such other recognized Canadian stock exchange as the Subordinate Voting Shares are primarily traded on) for a period of 10 consecutive trading days. The Company intends to use the proceeds from the Offering for corporate development and general working capital purposes. The Subordinate Voting Shares and Warrants, and any securities issuable upon exercise thereof, are subject to a four-month statutory hold period, in accordance with applicable securities legislation. The Company has paid an aggregate of $14,953.74 in finder’s fees in connection with the closing of the first tranche of the Offering. This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “ “), or any applicable state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration requirements is available. 1,333,300 Units were issued to Steven Isenberg, a director of the Company and a “related party” (within the meaning of Multilateral Instrument 61-101 – (“ “)) and such issuance is considered a “related party transaction” for the purposes of MI 61-101. Such related party transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the securities being issued to the related parties nor the consideration being paid by the related parties exceeded 25% of the Company’s market capitalization. The purchasers of the Units and the extent of such participation were not finalized until shortly prior to the completion of the Offering. Accordingly, it was not possible to publicly disclose details of the nature and extent of related party participation in the transactions contemplated hereby pursuant to a material change report filed at least 21 days prior to the completion of such transactions. Rivalry Corp. wholly owns and operates , a leading sport betting and media company offering fully regulated online wagering on esports, traditional sports, and casino for the digital generation. Based in Toronto, Rivalry operates a global team in more than 20 countries and growing. Rivalry Limited has held an Isle of Man license since 2018, considered one of the premier online gambling jurisdictions, as well as an internet gaming registration in Ontario, and is currently in the process of obtaining additional country licenses. With world class creative execution and brand positioning in online culture, a native crypto token, and demonstrated market leadership among digital-first users Rivalry is shaping the future of online gambling for a generation born on the internet. Steven Salz, Co-founder & CEO ss@rivalry.com 416-565-4713 investors@rivalry.com Cody Luongo, Head of Communications cody@rivalry.com 203-947-1936 This news release contains certain forward-looking information within the meaning of applicable Canadian securities laws (“forward-looking statements”). All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “achieve”, “could”, “believe”, “plan”, “intend”, “objective”, “continuous”, “ongoing”, “estimate”, “outlook”, “expect”, “project” and similar words, including negatives thereof, suggesting future outcomes or that certain events or conditions “may” or “will” occur. These statements are only predictions. Forward-looking statements are based on the opinions and estimates of management of the Company at the date the statements are made based on information then available to the Company. Various factors and assumptions are applied in drawing conclusions or making the forecasts or projections set out in forward-looking statements. Forward-looking statements are subject to and involve a number of known and unknown, variables, risks and uncertainties, many of which are beyond the control of the Company, which may cause the Company’s actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Such factors, among other things, include regulatory or political change such as changes in applicable laws and regulations; the ability to obtain and maintain required licenses; the esports and sports betting industry being a heavily regulated industry; the complex and evolving regulatory environment for the online gaming and online gambling industry; the success of esports and other betting products are not guaranteed; changes in public perception of the esports and online gambling industry; failure to retain or add customers; the Company having a limited operating history; negative cash flow from operations; operational risks; cybersecurity risks; reliance on management; reliance on third parties and third-party networks; exchange rate risks; risks related to cryptocurrency transactions; risk of intellectual property infringement or invalid claims; the effect of capital market conditions and other factors on capital availability; competition, including from more established or better financed competitors; and general economic, market and business conditions. For additional risks, please see the Company’s MD&A dated April 30, 2024 and other disclosure documents available on SEDAR+ at www.sedarplus.ca. No assurance can be given that the expectations reflected in forward-looking statements will prove to be correct. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Readers should not place undue reliance on the forward-looking statements and information contained in this news release. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Source: Rivalry Corp.