Horoscope Today: Astrological prediction for December 29, 2024
Insider Buying: BTB Real Estate Investment Trust (TSE:BTB.UN) Senior Officer Buys 7,300 Shares of Stock
GoPro Inc. stock remains steady Tuesday, underperforms market
Enphase Energy, Inc. Investor Alert: Robbins LLP Reminds Stockholders of the ENPH Class Action LawsuitHigh above the sparkling surface of the Athens coastline, the cranes for building the 50-floor luxury tower centerpiece of Greece’s future “smart city” look out over the Saronic Gulf. At their feet, construction machinery stirs up dust. The eight-billion-euro ($8.5-billion) project financed by private funds is, according to its backers, a symbol of Greece’s renaissance after the years of financial stagnation that saw investors flee the country. Critics, however, see it more as a future “ghetto for the rich”. It is hard to imagine that 10 kilometers (six miles) from the Acropolis, a new city “three times the size of Monaco” will rise from the ground by 2036, according to Odisseas Athanasiou, chief executive of the group Lamda that owns the site. One of Europe’s largest urban regeneration projects, the Ellinikon initiative features plans for villas, two hotels, shopping centers, a university, a marina and other buildings. It will also feature the Riviera Tower, which would be Athens’s tallest skyscraper when it is completed at the end of 2026. Around 30,000 people are expected to live on the 6.2-square-kilometre (2.4-square-mile) site on what for decades was Athens’ international airport. The former terminal, a listed building since the airport relocated in 2001, is to be converted into an exhibition hall. During the 2004 Olympic Games, Ellinikon became a sports hub and hosted sports competitions including canoeing and hockey. But the facilities were subsequently abandoned, and then came the financial crisis, which hit the Greeks hard. Solidarity groups created a self-managed garden, a community grocery shop and a free medical centre at Ellinikon, to make up for the shortcomings of a virtually bankrupt state. Refugees were also temporarily housed in the derelict stadiums during the migrant crisis of 2015. Amid the wave of privatizations imposed by the country’s EU-IMF creditors, Athens was forced to sell Ellinikon. Lamda, a holding company specializing in property development, investment and management, won the bid in 2014 for less than a billion euros. The company is listed on the stock exchange and majority-owned by Greek tycoon Spiros Latsis. Lamda CEO Athanasiou says the company is building “the largest coastal park in the world”, with a third of the surface area reserved for green areas accessible to all. Ellinikon will be a “smart city” with advanced technological solutions, said other project managers who escorted an AFP team in a mini-bus through the huge construction site. An ‘offshore colony’ “We’re building from scratch, which is a major advantage,” Athanasiou said in front of a huge model of the project. “Cities like Singapore, Copenhagen and Amsterdam have done incredible things in terms of technology. But they have had to adapt what they have developed to an existing infrastructure,” he said. In total, the park will have 8,000 to 9,000 homes. The most luxurious apartments in the Riviera Tower can cost up to 25 million euros, Athanasiou said. The least expensive will sell for around 400,000 euros, a price entirely unaffordable for many Athenians, critics say. “This is not a real estate development project, it’s an ‘offshore’ colony,” said Nikos Belavilas, director of the urban environment laboratory at the National Technical University of Athens. “We will have a gated community isolated from the city, with skyscrapers and casinos for the oil-rich,” he said, at a time when Athens is more in need of social or student housing. The concrete-clad capital, with its jumbled streets that have grown out of control, is cruelly lacking in green areas. Ellinikon, with its parks and beaches, represented “an opportunity to have a large urban green space”, Belavilas said. ‘Dire’ It could have become an Athenian Tempelhof, he said, referring to the former West Berlin airport which was transformed into a huge park open to all in the center of the German capital, he said. The Ellinikon project is “dire on several levels”, especially in terms of the “macro-economic management of the country”, one Athenian architect said on condition of anonymity. Other Greeks complain that the state simply flogged off the site. Athanasiou counters that when the privatization took place “we were the only ones to respond to the call for tenders”. He said the project would “strengthen the country’s credibility abroad, which was damaged during the years of crisis”. Up to 80,000 jobs will be created and the Greek state will reap more than 14 billion euros in tax revenue once the project is completed, he said. —AFPKosmos Energy Ltd. stock rises Tuesday, still underperforms market
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US can continue using Seattle airport for deportation flights, appeals court saysSouth Korean President impeachment: Yoon’s declaration of martial law, which he justified as a response to political instability, has drawn widespread criticism both domestically and internationally. Opposition parties accused him of authoritarianism and alleged he was using the decree to deflect attention from scandals involving his family. New Delhi: South Korean President Yoon Suk Yeol narrowly escaped impeachment on Saturday, as an opposition-led motion fell short of the required votes. The motion followed Yoon’s controversial attempt earlier in the week to impose martial law, a decision he retracted within hours amidst widespread criticism and protest by both the opposition and the common people. National Assembly speaker Woo Won-shik declared the motion invalid, citing insufficient votes. “With a total of 195 votes, the number of members who voted did not reach the required two-thirds majority of the total members. Therefore, the vote is not valid,” Woo announced. Members of Yoon’s ruling People Power Party (PPP) had boycotted the session, effectively dooming the motion. Political crisis deepens Yoon’s declaration of martial law, which he justified as a response to political instability, has drawn widespread criticism both domestically and internationally. Opposition parties accused him of authoritarianism and alleged he was using the decree to deflect attention from scandals involving his family. The fallout has been severe, with Yoon’s approval ratings plummeting to a record low of 13%. Protests erupted across the country, with tens of thousands gathering outside the National Assembly demanding his resignation. The impeachment motion required bipartisan support to pass, needing at least eight votes from PPP lawmakers. However, most ruling party members walked out of the chamber after voting on a separate motion to appoint a special prosecutor to investigate allegations against Yoon’s wife. Opposition lawmakers voiced their frustration, reciting the names of PPP members who left and vowing to revisit the impeachment effort. Outside parliament, protesters continued their chants for Yoon’s resignation, undeterred by freezing temperatures. Apology fails to sway critics Ahead of the vote, Yoon issued a televised apology, expressing regret for the “anxiety and inconvenience” caused by his martial law declaration. However, he stopped short of stepping down, stating that the resolution of the crisis lay with his party. “I deeply apologise for the shock and concern caused by this decision, which was made out of desperation,” Yoon said. Yoon’s presidency has been plagued by controversies, including allegations of stock price manipulation involving his wife and her mother, and a scandal over an expensive handbag she allegedly received as a gift. Critics argue that these issues have undermined his credibility and eroded public trust. Even within the ruling party, dissatisfaction with Yoon is growing. Some PPP members have called for his resignation, describing him as unqualified to lead. Physician and PPP lawmaker Ihn Yohan defended Yoon, citing relentless opposition attacks, but acknowledged the martial law decision was extreme. Click for more latest World news . Also get top headlines and latest news from India and around the world at News9. Prabhakar Jha is currently working as Chief Copy Editor at News9 Digital. He has over eight years of experience in this field. He has a keen interest in politics and world affairs. Latest NewsSouth Korea’s Yoon survives impeachment after martial law fiasco
COLUMBIA, Mo. (AP) — Arkansas defensive end Landon Jackson was carted off the field and taken to a hospital with a neck injury late in the first half of Saturday's game at No. 24 Missouri. Jackson appeared to injure his neck while trying to tackle Missouri running back Jamal Roberts. Medical personnel tended to Jackson for approximately 10 minutes before he was placed on a backboard and driven to a waiting ambulance. Jackson gave a thumbs-up sign as he was carted off the snow-covered field. Arkansas athletic director Hunter Yurachek said Jackson had movement in his arms and legs but was experiencing pain in his neck. He said Jackson was taken to the hospital as a precaution. Jackson leads the Razorbacks with 9 1/2 tackles for loss and 6 1/2 sacks, and is considered a potential first-round pick in next year's NFL draft. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-footballGuest Column | It’s okay to be not okay
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