New Delhi: Former Prime Minister Manmohan Singh, who breathed his last late Thursday evening, was a respected and well-admired figure across party lines. The respect he commanded was evident even among those who have been part of his administration during the UPA era. External Affairs Minister S Jaishankar posted on social media platform X, "Deeply grieved at the passing away of former Prime Minister Dr Manmohan Singh today. While regarded as the architect of Indian economic reforms, he was equally responsible for the strategic corrections to our foreign policy. Was immensely privileged to work closely with him. Will always remember his kindness and courtesy. My deepest condolences to his family. Om Shanti." Former diplomat Nirupama Menon Rao took to X to post, "I mourn the passing of a most distinguished, visionary national leader and global statesman of the deepest erudition, personal integrity and gentle humaneness." "As one who worked closely with him when I was Foreign Secretary and also as High Commissioner to Sri Lanka and Ambassador to China and the United States I looked to him with the deepest admiration for his outstanding grasp and mastery of the most complex issues of foreign policy, his unquestionable devotion to the national interest and the unerring instinct and understanding with which he provided his guidance wherever needed," she further said. "Through this and his human qualities of kindness, constancy and unfailing courtesy he was one so fully deserving of our affection and respect. R.I.P Dr. Manmohan Singh as you go gently into eternity. Your star will shine bright, always," she added.
Industrial Shredders Market Size and Forecast PUNE, India , Nov. 26, 2024 /PRNewswire/ -- Industrial Shredders Market Overview The global industrial shredders market has exhibited consistent growth, driven by the increasing demand across diverse industrial applications. Valued at USD 1154.9 million in 2022, the market's steady expansion is attributed to the rising need for efficient waste management solutions, especially in sectors like construction, manufacturing, and recycling. Industrial shredders play a crucial role in processing large volumes of materials, reducing waste, and enabling material reuse, which aligns with the growing emphasis on sustainability and environmental conservation. Additionally, technological advancements in shredder designs, such as improved energy efficiency and enhanced automation features, are contributing to the market's growth trajectory. Market Size and Forecast According to the report by Credence Research " Industrial Shredders Market By Number of Shafts (Single Shaft Shredder, Two Shaft Shredder, Three Shaft Shredder, Four Shaft Shredder) By Position of Shafts (Horizontal Shaft Shredder, Vertical Shaft Shredder) By Application (Municipal Solid Waste Recycling (MSW), Wood Waste Recycling, Waste Electronic and Electronic Equipment Recycling (WEE), Paper Reject Recycling, Others (Plastic, Metal, etc.))-Growth, Future Prospects & Competitive Analysis, 2016 – 2030 " the industrial shredders market is projected to reach USD 1635.9 million by 2030, reflecting a compound annual growth rate (CAGR) of 5.10% between 2023 and 2030. This robust growth is underpinned by expanding industrial activities in emerging economies and stricter regulations promoting sustainable waste management practices. Moreover, the adoption of shredders in innovative applications, such as data destruction and e-waste recycling, is anticipated to fuel demand further. The market's evolution is also supported by increased investments in smart shredding solutions, offering improved operational efficiency and customization for various industries. Dive deeper into market insights, growth drivers, and key trends by browsing the comprehensive report. Click here to access the full report- https://www.credenceresearch.com/report/industrial-shredders-market Industrial Shredders Market Drivers Rising Demand for Efficient Waste Management Solutions The growing emphasis on sustainability and environmental conservation is a significant driver of the industrial shredders market. Industries such as manufacturing, construction, and recycling are increasingly adopting shredding technologies to manage waste efficiently and promote material reuse. For example, the global waste management industry generates approximately 2.01 billion tons of municipal solid waste annually, with at least 33% not managed in an environmentally safe manner. Regulatory mandates worldwide, aimed at reducing landfill usage and enhancing recycling rates, are pushing industries to invest in advanced shredding solutions. Countries like Germany and South Korea have achieved recycling rates of 47% and 54%, respectively, showcasing the effectiveness of stringent regulations. Additionally, shredders' ability to process diverse materials, including metal, plastic, and paper, positions them as vital tools in achieving zero-waste goals across multiple sectors. This versatility is crucial as industries strive to meet stringent environmental regulations and enhance their sustainability efforts. For instance, shredding one ton of paper can save 17 trees and significantly reduce greenhouse gas emissions. Technological Advancements and Automation Integration The integration of advanced technologies in shredding equipment is further propelling market growth. High-torque motors with over 90% efficiency are replacing traditional hydraulic systems, significantly improving energy management and reducing thermal waste. Smart sensors equipped with IO-Link connectivity and dynamic resolution of ±5.5 micrometers enable real-time monitoring and precise material handling, while arrays of up to 50 metal-cased sensors provide continuous detection across conveyor systems. Innovations such as AI-integrated systems and IoT technologies are enhancing operational efficiency and reducing downtime. These advancements not only lower operational costs but also provide precise material handling capabilities, making industrial shredders more versatile and reliable. The implementation of smart automation allows for precise control optimization, while advanced material sorting technologies, including metal detection and separation systems, improve recycling efficiency. Moreover, the rise of Industry 4.0 has driven demand for connected shredding systems that enable remote monitoring and predictive maintenance, with features like cloud-ready sensors providing real-time data monitoring and high-speed sensor-based decision-making capabilities, ensuring seamless operations in high-demand industries. Increasing Adoption in Emerging Economies Emerging economies are experiencing rapid industrialization, which is driving the adoption of industrial shredders. India's urban population is expected to nearly double to 814 million by 2050, generating approximately 0.7 kg of waste per person daily by 2025, which is 4-6 times higher than in 1999. Growing construction activities, expanding manufacturing sectors, and rising urbanization contribute to increased waste generation, necessitating effective waste management solutions. Government initiatives in countries like India and China , aimed at improving recycling infrastructure and reducing environmental pollution, are further bolstering demand. In India , only 43 million tons of the 62 million tons of waste generated annually is collected, highlighting the urgent need for efficient waste management solutions. The implementation of initiatives like the Clean India Mission and stringent environmental regulations has spurred the growth of domestic recycling industries. Additionally, the affordability of shredding solutions, coupled with their long-term cost-saving benefits, makes them an attractive investment for industries in these regions, with companies investing in R&D achieving up to 25% higher efficiency. Expanding Applications in Specialized Industries The industrial shredders market is witnessing increased adoption in niche applications, such as data destruction and e-waste recycling. The growing need for secure disposal of sensitive information, evidenced by a 68% surge in reported data breaches with 1,862 incidents in 2022, is driving demand in these segments. The rising volume of discarded electronic devices, which reached 62 million tonnes in 2022 and is projected to increase to 82 million tonnes by 2030, has created urgent demand for efficient recycling solutions. Shredders equipped with specialized blades and features to handle unique materials are catering to the evolving needs of these industries, processing approximately 31 billion kg of metals and 17 billion kg of plastics from e-waste annually. Furthermore, the increasing global focus on circular economy principles is encouraging businesses to adopt shredding technologies to maximize resource recovery and minimize waste, particularly as current formal recycling rates remain low at 22.3% globally, leaving USD 62 billion worth of recoverable resources unaccounted for. Preview the report with a detailed sample and understand how it can benefit your business strategy. Request a free sample today – https://www.credenceresearch.com/report/industrial-shredders-market Industrial Shredders Market Restraints High Initial Costs and Maintenance Expenses One of the primary challenges facing the industrial shredders market is the high upfront cost of purchasing and installing shredding equipment. Advanced shredders, equipped with modern technologies like automation and energy-efficient features, often require significant capital investment, which can be a deterrent for small- and medium-sized enterprises (SMEs). Additionally, ongoing maintenance and repair expenses, including the replacement of wear-and-tear components such as blades and motors, can further increase operational costs. These financial considerations may hinder widespread adoption, especially in cost-sensitive industries and emerging economies. Limited Awareness and Skilled Workforce Challenges The market also faces constraints due to limited awareness about the benefits of industrial shredders in certain regions, particularly in underdeveloped economies. Many industries in these areas continue to rely on traditional waste management practices, lacking the knowledge or resources to adopt shredding technologies. Moreover, the operation of industrial shredders often requires skilled personnel to ensure optimal performance and safety. A shortage of trained operators and technicians can pose significant challenges to businesses, leading to inefficient use of shredding equipment and potential operational risks. Regulatory and Environmental Compliance Issues While regulations promoting waste recycling and sustainability are driving market growth, they can also pose challenges for manufacturers of shredding equipment. Compliance with stringent environmental and safety standards often requires continuous innovation and product development, increasing production costs for manufacturers. Furthermore, improper disposal of shredded waste, particularly hazardous materials, can lead to legal complications for end-users. These factors may deter some industries from adopting shredding technologies or limit their usage to specific applications. Raw Material Price Volatility and Supply Chain Disruptions The cost and availability of raw materials required for manufacturing shredding equipment, such as steel and electronic components, can significantly impact the market. Price volatility and supply chain disruptions, often caused by geopolitical tensions or economic instability, can increase production costs and delay deliveries. These issues not only affect manufacturers but also lead to higher prices for end-users, potentially limiting market growth in regions with constrained budgets or uncertain economic conditions. Industrial Shredders Market Segmentation Analysis By Number of Shafts The market is segmented based on the number of shafts into single, two, three, and four shaft shredders. Single shaft shredders are primarily used for applications requiring precise shredding with minimal dust production, while two shaft shredders are widely adopted for heavy-duty tasks like metal and electronic waste recycling due to their higher torque and efficiency. Three and four shaft shredders, offering superior control over particle size and enhanced durability, are preferred in industries handling mixed and bulky materials, such as municipal solid waste and industrial recycling. By Position of Shafts Industrial shredders are classified into horizontal and vertical shaft shredders based on the shaft position. Horizontal shaft shredders dominate the market due to their versatility in handling diverse materials like wood, metal, and plastic. They are widely utilized in high-volume applications such as municipal solid waste recycling. Vertical shaft shredders, while less common, are gaining traction in niche applications requiring fine particle shredding, especially in industries dealing with compact or lightweight materials. By Application The application segmentation includes municipal solid waste recycling (MSW), wood waste recycling, waste electronic and electronic equipment recycling (WEEE), paper reject recycling, and others. The MSW segment holds the largest share due to increasing urbanization and stringent regulations promoting sustainable waste management. WEEE recycling is rapidly growing as the volume of discarded electronic devices increases globally, while wood waste and paper reject recycling are driven by the need for resource recovery in construction and packaging industries. Other applications, including plastic and metal shredding, cater to diverse industrial needs. By Price Based on price, industrial shredders are categorized into low, medium, and high-cost segments. Low-cost shredders are popular among small-scale industries for basic applications, whereas medium-priced shredders cater to mid-sized businesses requiring enhanced efficiency and durability. High-cost shredders, featuring advanced automation and customization options, are preferred by large industries and specialized recycling units dealing with complex materials. By Distribution Channel The distribution channel segmentation includes direct and indirect sales. Direct sales dominate the market, as manufacturers often establish direct relationships with end-users to offer customized solutions and technical support. Indirect channels, including distributors and resellers, cater to smaller businesses and emerging markets, providing access to shredding equipment in regions where direct sales networks are less established. This dual-channel strategy ensures a broader market reach and enhanced customer support. Segmentation of Global Industrial Shredders Market- Segmentation By Number of Shafts Single Shaft Shredder Two Shaft Shredder Three Shaft Shredder Four Shaft Shredder By Position of Shafts Horizontal Shaft Shredder Vertical Shaft Shredder By Application Municipal Solid Waste Recycling (MSW) Wood Waste Recycling Waste Electronic and Electronic Equipment Recycling (WEE) Paper Reject Recycling Others (Plastic, Metal, etc.) By Price Low Medium High By Distribution Channel Direct Indirect By Region North America U.S Canada Mexico Europe Germany France U.K. Italy Spain Rest of Europe Asia Pacific China Japan India South Korea South-east Asia Rest of Asia Pacific Latin America Brazil Argentina Rest of Latin America Middle East & Africa GCC Countries South Africa Rest of Middle East and Africa Tailor the report to align with your specific business needs and gain targeted insights. Request customization now- https://www.credenceresearch.com/report/data-centre-market https://www.credenceresearch.com/report/industrial-shredders-market Regional Analysis North America North America holds a significant share of the industrial shredders market, driven by stringent environmental regulations and advanced recycling infrastructure. The United States leads the region, with high adoption rates in municipal solid waste recycling and electronic waste management. Increasing investments in sustainable waste management practices and innovations in shredding technologies, such as smart shredders and automation integration, further boost market growth. Canada also contributes significantly, with its growing emphasis on resource recovery and the circular economy. Europe Europe is a key market for industrial shredders, supported by strict regulatory frameworks like the European Green Deal and the Waste Framework Directive. Countries such as Germany , the UK, and France are leading adopters of shredding technologies for municipal waste, electronic waste, and industrial recycling. The region's focus on reducing landfill dependency and achieving higher recycling targets is driving demand for advanced shredding solutions. Additionally, the presence of established manufacturers and ongoing technological advancements contribute to market expansion in this region. Asia-Pacific The Asia-Pacific region is witnessing rapid growth in the industrial shredders market, fueled by industrialization, urbanization, and increasing waste generation in countries like China , India , and Japan . Rising government initiatives to improve waste management infrastructure and promote recycling are key growth drivers. China leads the market with large-scale adoption of shredding equipment in municipal waste management and e-waste recycling. India is emerging as a significant market, supported by government campaigns for clean cities and efficient waste handling systems. Middle East & Africa The industrial shredders market in the Middle East & Africa is growing steadily, with demand primarily driven by urbanization and industrial expansion in countries like Saudi Arabia , the UAE, and South Africa . Recycling initiatives and the need for effective waste management solutions in urban centers are promoting the adoption of shredders. However, challenges such as limited infrastructure and lack of awareness in underdeveloped areas restrain growth. Investments in recycling technologies and collaborations with global players are expected to drive future growth in this region. Top Companies – Advance Hydrau-Tech Pvt. Ltd. ANDRITZ AG BCA Industries Brentwood Recycling Systems ECO Green Equipment, LLC. EcoStan India Private Limited. Hammermills International Metso Corporation MOCO Maschinen- und Apparatebau GmbH & Co. KG Rapid Granulator Inc. Servo International SSI Shredding Systems, Inc. UNTHA Shredding Technology GmbH Vecoplan AG WEIMA Maschinenbau GmbH Competitive Landscape: The industrial shredders market is characterized by the presence of several global and regional players competing to enhance their market share through technological advancements, strategic partnerships, and product innovations. Key players in the market focus on offering a diverse range of shredders tailored to specific industrial applications such as municipal solid waste management, e-waste recycling, and construction waste processing. Global Leaders Leading companies like Vecoplan LLC, SSI Shredding Systems, Inc., and UNTHA shredding technology GmbH dominate the market with their extensive product portfolios and established brand presence. These companies leverage advanced technologies such as automation, IoT-enabled shredders, and energy-efficient designs to cater to evolving customer demands. Their global distribution networks and strong after-sales support provide a competitive edge, particularly in mature markets like North America and Europe . Regional and Emerging Players Regional players, such as ARJES GmbH in Europe and China's Harden Machinery Ltd., focus on cost-effective solutions to cater to local industries. These companies often excel in meeting specific regional requirements, such as compliance with local regulations and customization for niche applications. Emerging players in Asia-Pacific and Latin America are increasingly entering the market, driven by growing industrialization and demand for efficient waste management solutions. Competitive pricing and collaborations with local governments and industries help these players establish a foothold in the market. Strategic Initiatives Market participants are actively engaging in mergers and acquisitions to expand their geographic presence and enhance their technological capabilities. For instance, collaborations with recycling firms and partnerships with governments to develop sustainable waste management solutions are common strategies. Additionally, investments in research and development to introduce innovative products, such as shredders with enhanced automation and AI-driven efficiency, highlight the competitive intensity in the market. Latest Developments: In October 2024 Ecostan has developed a Dual Shaft Shredder, which is a heavy-duty machine designed for shredding a variety of materials efficiently. It features multiple shredding blades and a program control panel, ensuring automatic operation and including functions like auto-reverse to prevent overfeeding. This development focuses on enhancing the performance and usability of their industrial shredders. In August 2023 Advance Hydrau Tech Pvt. Ltd. announced the launch of its highly anticipated new product catalogue, showcasing the latest products in the scrap processing industry, including industrial shredders. In Nov 2023 ANDRITZ has received an order from Krones AG to supply six ADuro S shredders for a polypropylene recycling plant in the Southeast United States . These shredders will be operational in 2024 and provide a dry shredding solution that minimizes fines and extends wear part life. In Nov 2023 BCA Industries announced the PD1000 IO X tire shredder, designed to enhance productivity by overcoming bottlenecks in loading and unloading materials before and after shredding. This system allows for efficient use of open-top walking floor semi-trailers, which are common in the recycling industry. Reasons to Purchase this Report: Reasons to Purchase this Report: Gain a comprehensive understanding of the market through qualitative and quantitative analyses, considering both economic and non-economic factors, with segmentation and sub-segmentation details provided in terms of market value (USD Billion). Identify regions and segments expected to experience the fastest growth or dominate the market, with a detailed analysis of geographic consumption patterns and the factors driving or hindering market performance in each region. Stay informed about the competitive environment, with rankings of major players, recent product and service launches, partnerships, business expansions, and acquisitions from the past five years. Access detailed profiles of major market players, including company overviews, insights, product benchmarking, and SWOT analysis, to understand competitive advantages and market positioning. Explore the present and forecasted market landscape, with insights into growth opportunities, market drivers, challenges, and constraints for both developed and emerging regions. Benefit from Porter's Five Forces analysis and Value Chain insights to evaluate various market perspectives and competitive dynamics. Understand the evolving market scenario, including potential growth opportunities and trends expected in the coming years. Preview the report with a detailed sample and understand how it can benefit your business strategy. 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Betty White Forever: New stamp will honor the much-beloved 'Golden Girls' actor
A Chinese film set during the Covid-19 pandemic won the top prizes in Taiwan's prestigious Golden Horse Awards, which saw the highest number of entries from China in recent years despite political tensions. Beijing banned its entertainers from joining Golden Horse -- dubbed the Chinese-language "Oscars" -- in 2019 after a Taiwanese director voiced support for the island's independence in an acceptance speech in 2018. China claims Taiwan as part of its territory, which the Taipei government rejects, and Chinese A-listers and big commercial productions have largely avoided the event ever since. Despite the sensitivity of the awards, more than 200 Chinese films entered this year's competition, which Taiwan's Mainland Affairs Council (MAC) said was the highest number in "recent years". Acclaimed Chinese filmmaker Lou Ye was awarded best director late Saturday night for his docu-drama "An Unfinished Film", which was also named best picture. Lou was absent from the ceremony but his wife Ma Yingli read his acceptance speech, describing the film set during China's lockdown of Wuhan in the earliest stages of the pandemic as "the most special directing job I have ever done". Chinese actor Zhang Zhiyong, who also did not attend the awards, won best actor for his performance in Chinese director Geng Jun's same-sex drama "Bel Ami". Hong Kong's Chung Suet-ying was named best actress for her role in "The Way We Talk", which is about the deaf community. Neither "Bel Ami" nor "An Unfinished Film" has been released in China. Ahead of the awards, MAC spokesman Liang Wen-chieh told reporters that these films "may not be able to be screened in mainland China, but they still hope to have a free platform to participate and express themselves". "We welcome (them) very much," he said. More from this section After several years absence, Chinese stars began trickling back to the awards in Taipei last year, with actress Hu Ling the first to grace the red carpet since the ban. On Saturday, Geng Jun and some of his cast were among the few Chinese entertainers to join stars and filmmakers from around the region, including Taiwan, Hong Kong, Singapore and Japan, on the red carpet. While Geng missed out on best director and best picture, his film "Bel Ami" won the awards for best cinematography and best film editing. Despite political tensions, Golden Horse remained a stage for independent Chinese films that have no distribution space on the mainland, Taiwanese film critic Wonder Weng told AFP. "This spirit remains unchanged. I think the Golden Horse Awards have always insisted on being the benchmark" that is open to all subjects, said Weng, who is a board member of Taiwan Film Critics Society. Weng said "An Unfinished Film" by Lou, who has previously taken on forbidden subjects such as gay sex and the 1989 Tiananmen protests, was "a work of conscience". Lou's latest offering is about a film crew trying to resume shooting a movie during the Covid-19 pandemic in Wuhan, as the city was placed in an unprecedented lockdown. "Lou put images that are banned or blocked into his work and reminds us that there is a director who is willing to preserve historical images for us to see... and let us know there is a different voice," Weng said. aw/amj/dhcThe former Prime Minister of India, Manmohan Singh (1932-2024) , was a teenager when the country was born. Not only did he live, and experience first hand, nearly every historic turn — from the partition of the country to a pandemic that threatened human existence — in the fate of the world’s largest democracy, often, he was the one on the wheel. By the time he passed away, India itself had grown akin to an angry and aspiring adolescent, which is contemptuous of the previous generations’ failings, irreverent towards experience, and oblivious to its own frailty. However, the man soldiered on against a vicious public attack, spoke his mind on important national issues, in his own time and on his own terms. There is a lot that he said in his more than half a century long career as a public servant and a thought leader, but it is no surprise that his most famous quote will be, “history will be kinder to me than the media.” For an average Indian, any one of the following positions would be a dream come true. Singh, despite his humble beginnings, held many such dream chairs and left his mark in each of those offices. Year(s) Position 1957-1959 Senior Lecturer, Economics, Punjab University 1959-1963 Reader in Economics, Punjab University 1963-1965 Professor of Economics, Punjab University 1966-1969 He worked at the UNCTAD Secretariat in Geneva, Switzerland 1971-1972 Economic Advisor, Commerce Ministry 1972-1976 Chief Economic Advisor, Finance Ministry 1976-1980 Secretary, Finance Ministry 1980-1982 Member, Planning Commission 1982-1985 Governor, Reserve Bank of India 1985-1987 Deputy Chairman, Planning Commission 1987-1990 Secretary General, South Commission in Geneva, Switzerland 1990-1991 Advisor (Economic Affairs) to Prime Minister March-June1991 Chairman, University Grants Commission 1991-1996 Finance Minister 1998-2004 Leader of Opposition, Rajya Sabha (Upper House of Indian Parliament) 2004-2014 Prime Minister of India That, after over six decades in public view, and holding so many positions in the government, Manmohan Singh managed to maintain an image that was more of an academic than a politician, or a power broker, says a lot about his ability to keep the spotlight on the issue at hand and not on himself. Singh had no delusions of grandeur about his achievements either. Even as he got the accolades for sealing the India-US nuclear deal, he was ready to share credit with his rival where it was due. ‘I have only completed what you began,’ Singh told his predecessor at the Prime Minister’s Office, Atal Behari Vajpayee, as documented by Sanjaya Baru’s book ‘The Accidental Prime Minister’. He wasn’t a complete pushover either, as many in India would like to believe, for much of his career. Despite carrying no political weight, Singh could threaten a resignation — and he did one too many times — and prevail over seasoned politicians across party lines and the many cabals within his party: the Indian National Congress. The many times Singh threatened to, or actually did, resign 1985: Singh resigned as RBI Governor after a disagreement with the then Finance Minister Pranab Mukherjee. Singh had proposed a scheme to allow NRI investments in India which the Late Mukherjee opposed. Pranab Mukherjee, in his own book, denied any role in Singh’s ouster from RBI. Aug 1991: When the government was accused of favouring a bank with dubious credentials, Singh was the Finance Minister March 1992: Singh was attacked by Congress colleague Arjun Singh, who was actually targeting the then Prime Minister Narasimha Rao. Both Rao and Singh stayed on. December 1993: After a parliamentary committee criticised the Finance Ministry’s handling of the Harshad Mehta scam. 2008: He resigned after members of the Congress party tried to stall the India-US nuclear deal. He prevailed and the historic deal for civil nuclear projects went through. Montek Singh Ahluwalia reportedly persuaded the Prime Minister to withdraw his resignation. Source: The Accidental Prime Minister, Author: Sanjaya Baru ‘No power on Earth can stop an idea whose time has come’ — Manmohan Singh said during his first budget speech in the Parliament as Finance Minister in 1991. Manmohan Singh is credited with the sweeping reforms of 1991 when India opened its doors to global capital. But he was pushing the envelope long before that. “...he had articulated decades ago in his doctoral thesis, on the importance of foreign trade and greater openness to the world economy in India’s own development. No Indian policymaker had till then held South Korea up as a role model,” Baru wrote in his book. He watched everything — from the Emergency in 1970s to the anti-Sikh riots, the assassinations of Indira Gandhi and Rajiv Gandhi, stock market scams from the 1990s to now, the chaotic era of political coalitions to the emergence of India as a nuclear power in the new century, as well as an array of scams from oil for food in Iraq to cash-for-votes in India, from the 2G spectrum scam to Commonwealth Games and coal allocation scam — and he was in the thick of things. Very few have survived long enough to see all history unfold from such close quarters and even fewer would emerge such few bruises, after a long public life. His untainted image spiralled down only in the final decade and a half of his life when he became the punching bag for the opposition parties and the media as scandals tumbled out of the closet in a government that he led. Yet, the worst allegation against him is that he turned a blind eye when wrongs were committed around him. One could argue that he had never taken political responsibility before 2009. The success of single-handedly pushing through the India-US nuclear deal, possibly, gave him the credence and the confidence that would shape his career thereon. He has never gone on record explaining the choices he made, whether it was to silently remain the Prime Minister while Congress President Sonia Gandhi and her trustees called the shots, or surrender his persona to enable a transition for Rahul Gandhi to emerge as a national leader. Baru called it a ‘fatal error of judgement’ much like Bheeshma — from the Indian mythology, Mahabharata — a patriarch, who could choose his time of death, lived through generations ‘defending a disreputable lot’ , and suffered with them, with a false sense of righteousness. ‘The Accidental Prime Minister’, a book written by former journalist and Singh’s media advisor Sanjaya Baru, gave us a candid glimpse into the heart and mind of the statesman. “None of my predecessors in the Prime Minister’s Office (PMO) has ever written a full account of his time there,” Baru wrote in the introduction. It could have been written by Singh himself.New Orleans mayor launches own 'news' service for the cityNone
A Chinese film set during the Covid-19 pandemic won the top prizes in Taiwan's prestigious Golden Horse Awards, which saw the highest number of entries from China in recent years despite political tensions. Beijing banned its entertainers from joining Golden Horse -- dubbed the Chinese-language "Oscars" -- in 2019 after a Taiwanese director voiced support for the island's independence in an acceptance speech in 2018. China claims Taiwan as part of its territory, which the Taipei government rejects, and Chinese A-listers and big commercial productions have largely avoided the event ever since. Despite the sensitivity of the awards, more than 200 Chinese films entered this year's competition, which Taiwan's Mainland Affairs Council (MAC) said was the highest number in "recent years". Acclaimed Chinese filmmaker Lou Ye was awarded best director late Saturday night for his docu-drama "An Unfinished Film", which was also named best picture. Lou was absent from the ceremony but his wife Ma Yingli read his acceptance speech, describing the film set during China's lockdown of Wuhan in the earliest stages of the pandemic as "the most special directing job I have ever done". Chinese actor Zhang Zhiyong, who also did not attend the awards, won best actor for his performance in Chinese director Geng Jun's same-sex drama "Bel Ami". Hong Kong's Chung Suet-ying was named best actress for her role in "The Way We Talk", which is about the deaf community. Neither "Bel Ami" nor "An Unfinished Film" has been released in China. Ahead of the awards, MAC spokesman Liang Wen-chieh told reporters that these films "may not be able to be screened in mainland China, but they still hope to have a free platform to participate and express themselves". "We welcome (them) very much," he said. After several years absence, Chinese stars began trickling back to the awards in Taipei last year, with actress Hu Ling the first to grace the red carpet since the ban. On Saturday, Geng Jun and some of his cast were among the few Chinese entertainers to join stars and filmmakers from around the region, including Taiwan, Hong Kong, Singapore and Japan, on the red carpet. While Geng missed out on best director and best picture, his film "Bel Ami" won the awards for best cinematography and best film editing. Despite political tensions, Golden Horse remained a stage for independent Chinese films that have no distribution space on the mainland, Taiwanese film critic Wonder Weng told AFP. "This spirit remains unchanged. I think the Golden Horse Awards have always insisted on being the benchmark" that is open to all subjects, said Weng, who is a board member of Taiwan Film Critics Society. Weng said "An Unfinished Film" by Lou, who has previously taken on forbidden subjects such as gay sex and the 1989 Tiananmen protests, was "a work of conscience". Lou's latest offering is about a film crew trying to resume shooting a movie during the Covid-19 pandemic in Wuhan, as the city was placed in an unprecedented lockdown. "Lou put images that are banned or blocked into his work and reminds us that there is a director who is willing to preserve historical images for us to see... and let us know there is a different voice," Weng said. aw/amj/dhcStocks closed higher on Wall Street ahead of the Christmas holiday, led by gains in Big Tech stocks. The S&P 500 added 1.1% Tuesday. Trading closed early ahead of the holiday. Tech companies including Apple, Amazon and chip company Broadcom helped pull the market higher. The Dow Jones Industrial Average rose 0.9%, and the Nasdaq composite climbed 1.3%. American Airlines shook off an early loss and ended mostly higher after the airline briefly grounded flights nationwide due to a technical issue. Treasury yields held steady in the bond market. The yield on the 10-year Treasury was little changed at 4.59% THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. Tech companies led a broad rally for U.S. stocks Tuesday, a boost for the market in a holiday-shortened trading session. The S&P 500 rose 0.8% in midday trading. The Dow Jones Industrial Average was up 273 points, or 0.6%, as of 12:18 p.m. Eastern time. The tech-heavy Nasdaq composite was up 1%. Chip company Broadcom rose 2.9%, while semiconductor giant Nvidia, whose enormous valuation gives it an outsize influence on indexes, rose 0.8%. Super Micro Computer jumped 5.8%. Tesla climbed 5.1%, one of the biggest gains among S&P 500 stocks. Amazon.com rose 1.6% American Airlines slipped 0.1% after the airline briefly grounded flights nationwide due to a technical issue. U.S. Steel rose 1.1% a day after an influential government panel failed to reach consensus on the possible national security risks of the nearly $15 billion proposed sale to Nippon Steel of Japan. NeueHealth surged 68.9% after the health care company agreed to be taken private in a deal valued at roughly $1.3 billion. Treasury yields rose in the bond market. The yield on the 10-year Treasury rose to 4.61% from 4.59% late Monday. European markets were mostly higher. Markets in Asia mostly gained ground. U.S. markets will close at 1 p.m. Eastern and stay closed Wednesday for Christmas. Wall Street has several economic reports to look forward to this week, including a weekly update on unemployment benefits on Thursday. Tuesday’s rally comes as the stock market enters what’s historically been a very cheerful season. The last five trading days of each year, plus the first two in the new year, have brought an average gain of 1.3% since 1950. The so-called “Santa rally” also correlates closely with positive returns in January and the upcoming year. So far this month, the U.S. stock market has lost some of its gains since President-elect Donald Trump’s win on Election Day, which raised hopes for faster economic growth and more lax regulations that would boost corporate profits. Worries have risen that Trump’s preference for tariffs and other policies could lead to higher inflation , a bigger U.S. government debt and difficulties for global trade. Even so, the stock market remains on pace to deliver strong returns for 2024. The benchmark S&P 500 is up about 26% so far this year and remains within roughly 1.3% of the all-time high it set earlier this month — its latest of 57 record highs this year. Alex Veiga, The Associated Press‘No stupid purchases’... PFL champion who went from homeless to millionaire reveals first thing he’ll buy with second $1million check
Peyto Exploration & Development Corp. ( TSE:PEY – Get Free Report ) has been assigned an average rating of “Buy” from the ten ratings firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is C$17.60. PEY has been the subject of several research analyst reports. National Bankshares upped their price target on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a research report on Friday, September 27th. TD Securities dropped their price target on shares of Peyto Exploration & Development from C$19.00 to C$18.00 in a research report on Tuesday, October 1st. Finally, Atlantic Securities increased their price objective on shares of Peyto Exploration & Development from C$17.50 to C$18.50 and gave the stock an “outperform” rating in a research report on Monday, October 7th. Get Our Latest Report on PEY Insider Activity Peyto Exploration & Development Stock Performance Shares of PEY stock opened at C$17.16 on Tuesday. Peyto Exploration & Development has a one year low of C$11.09 and a one year high of C$17.27. The company has a debt-to-equity ratio of 50.02, a quick ratio of 0.32 and a current ratio of 1.15. The company has a 50 day moving average price of C$15.38 and a 200 day moving average price of C$14.98. The firm has a market capitalization of C$3.36 billion, a price-to-earnings ratio of 11.07, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75. Peyto Exploration & Development Dividend Announcement The company also recently announced a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were paid a $0.11 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.32 annualized dividend and a dividend yield of 7.69%. Peyto Exploration & Development’s dividend payout ratio (DPR) is presently 85.16%. About Peyto Exploration & Development ( Get Free Report Peyto Exploration & Development Corp., an energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids in Deep Basin of Alberta. The company was formerly known as Peyto Energy Trust and changed its name to Peyto Exploration & Development Corp. See Also Receive News & Ratings for Peyto Exploration & Development Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peyto Exploration & Development and related companies with MarketBeat.com's FREE daily email newsletter .
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NEW ORLEANS (AP) — A lopsided, shutout loss has left the beat-up New Orleans Saints limping into the final two games of a lost season — and into a rather cloudy future beyond that. Read this article for free: Already have an account? To continue reading, please subscribe: * NEW ORLEANS (AP) — A lopsided, shutout loss has left the beat-up New Orleans Saints limping into the final two games of a lost season — and into a rather cloudy future beyond that. Read unlimited articles for free today: Already have an account? NEW ORLEANS (AP) — A lopsided, shutout loss has left the beat-up New Orleans Saints limping into the final two games of a lost season — and into a rather cloudy future beyond that. Saints interim coach Darren Rizzi figured that a visit to playoff-bound Green Bay would be a tall order for his injury-riddled squad, whose prominent missing players included starters at quarterback, running back and receiver. And when New Orleans’ mostly healthy defensive front struggled against a Packers ground game led by running back Josh Jacobs, the rout was on. Nothing “stuck out on film other than a lack of execution and lack of playmaking,” Rizzi said Tuesday after reviewing video of Monday night’s 34-0 loss at Green Bay. “We played against a playoff team, at their place, that has very few holes on their team,” Rizzi added. “It was a little bit of a perfect storm.” Rizzi, a special teams coordinator who has made no secret that he sees his eight-game interim stint as an opportunity to further his head-coaching ambitions, has two more games left in what has been an up-and-down audition. The Saints are 3-3 on his watch, which includes one of New Orleans’ most lopsided losses since the turn of the century. With the playoffs unattainable, and with a lot of reserves pressed into service, the final two weeks will serve primarily as a player-evaluation period heading into the offseason, when there are bound to be myriad changes on the roster and perhaps the coaching staff. Rizzi said the Saints, realistically, have been in evaluation mode “for the last month or so,” but added that there maybe be additional young or practice-squad players getting longer looks in the final two games. “My big thing this week is to see how we can respond,” Rizzi said. “We’re going to find out a lot about a lot of people.” What’s working Of the Saints’ four punts, three were inside the Green Bay 20 and New Orleans did not allow a single punt return yard. The punt team might have been the only unit that executed its job (even the kickoff unit allowed a 38-yard return). What needs help The Saints had trouble protecting the quarterback (three sacks) and protecting the football (two turnovers). They couldn’t run the ball (67 yards). They couldn’t stop the run (188 yards allowed). They couldn’t pass the ball consistently (129 yards) or stop the pass when they needed to. As former Saints coach Jim Mora once said, they couldn’t do “ diddly poo.” Although rookie quarterback Spencer Rattler largely struggled and was responsible for both New Orleans turnovers, he had enough highlights — including a jumping, first-down pass on third-and-long — to keep him penciled in as the starter if the injured Derek Carr remains unable to play, Rizzi said. “It was definitely a performance where we got to take the good with the bad,” Rizzi said. “We’ve got to get rid of those negative plays.” Stock up New Orleans native Foster Moreau has emerged as one of the Saints’ most reliable offensive players. The sixth-year NFL tight end made two catches for a team-high 33 yards on Monday night, giving him 25 catches for 335 yards this season. His four TDs receiving entering the game remain tied for the team lead. Stock down Rizzi was riding high after two wins to start his interim term as head coach, but Monday night’s ugly loss is the club’s third in four games and took a lot of luster off his candidacy for a longer-term appointment. Injury report Center Erik McCoy left the game with an elbow injury, while guard Lucas Patrick hurt his knee in the closing minutes. Rizzi said McCoy won’t need surgery but could miss the rest of the season. The coach said Patrick needs more tests but is not expected to play again this season. While the chances of Carr (non-throwing, left hand) or top running back Alvin Kamara (groin) playing again this season appear slim, the Saints have declined to rule that out. Rizzi said Carr is getting closer to being able to play and wants the opportunity to go against his former team, the Las Vegas Raiders. Meanwhile, Rizzi said Kamara “is working his tail off to try to come back” this season. “Alvin told me this morning, in my office, that he really would like to play again,” Rizzi said. Key number Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. 24 — The number of years since the Saints suffered a more lopsided shutout loss, 38-0 against San Francisco in 2002. Up next The Saints’ home finale against lowly Las Vegas will be an anticlimactic affair bound to generate a level of fan interest similar to, if not less than, a preseason game. But the game will be important to the current regime, which needs victories in each of the club’s final two games to avoid the franchise’s worst record since it was displaced by Hurricane Katrina in 2005 and went 3-13. ___ AP NFL: https://apnews.com/hub/NFL Advertisement AdvertisementPTI playing negotiations drama: Azma
The NFL has faced ongoing controversy for years regarding the potential link between chronic traumatic encephalopathy (CTE) and football-related injuries, with no resolution in sight. More News: Blood Test Can Benefit NFL Concussion Return-to-Play Decisions Although the league settled a lawsuit filed by over 4,500 former players who claimed the NFL downplayed the risks of brain trauma, the family of Ed Lothamer, a former defensive tackle who played eight seasons for the Kansas City Chiefs, argues that the league treats players with CTE as "throwaways" and is "just waiting for everyone to die." In a sobering new profile with The Kansas City Star , Ryan Lothamer-Welch, daughter of the deceased Chiefs player, went into detail regarding feeling "shunned" by the NFL due to her father's struggle with CTE. Despite the settled lawsuit, Lothamer-Welch feels that the NFL is doing little for players diagnosed with CTE. "I felt like they treated a lot of the guys that built that league on their backs like they were throwaways ..." Lothamer-Welch said. "It's just human nature. I mean, people care about what's happening today. They're not so interested in what happened yesterday or what's going to happen 10 years down the road." It is worth noting for context that the $765 million settlement by the NFL , which was intended to help cover treatment for players with CTE, dementia, or other brain-related illnesses after suffering on-field concussions, has been heavily criticized and accused of "routinely [failing] to deliver money and medical care to former players suffering from dementia and CTE." According to an investigation by The Washington Post , the NFL has allegedly failed to follow through on its responsibility to provide payouts, exploiting medical loopholes to avoid covering these expenses. After reviewing 15,000 pages of documents from more than 100 former players, the Post said players regularly saw "their claims denied by the administrative law firm that oversees the settlement. Reportedly, medical personnel who worked for the NFL "simply overruled physicians who actually evaluated players" and would reclassify dementia symptoms on non-football-related causes. Over a dozen players "failed to qualify for settlement money or medical care and then died, only to have CTE confirmed via autopsy." A recent survey by JAMA Neurology found that one-third of former professional football players suspect they suffer from CTE); the study is one of the most extensive to explore former NFL players' perceptions of their cognitive health. Ed Lothamer passed away in 2022, at the age of 80. Following his death, his family donated his brain to the UNITE Brain Bank, where researchers confirmed a diagnosis of stage 4 CTE, the most severe form of the condition. He had been drafted by the Chiefs in 1964 and was part of a defense renowned for its future Pro Football Hall of Famers. Despite numerous injuries, he played in 88 games and started 35 as the Chiefs appeared in two of the first four Super Bowls. "We were told he had some type of "dementia," with some forward-thinking doctors alluding to possible CTE and he had gotten a number of opinions over the years about his volatile and diminishing condition..." Lothamer-Welch wrote in a personal story at the Concussion Legacy Foundation . "My father made $42,000 during his final season in the NFL , which we now realize was the price he exchanged for his brain." More News: Professional Athletes' Homes Are Being Targeted by Robbery Ring Although Lothamer was a plaintiff in the settlement and had been formally diagnosed with Alzheimer's in 2016, his case is among many that the NFL has managed to sidestep, offering neither a payout nor any acknowledgment. To the Lothamer family, this appears to be part of a deliberate strategy by the league, even as they continue to hope that an attorney might help them secure compensation and, perhaps, some form of validation from the NFL . Instead, they've felt increasingly discouraged by the legal process. "They are just waiting for everybody to die," Elisabeth Lothamer, the widow of the former Chiefs player said. "I mean, it's just what they're doing." For more on the NFL , head to Newsweek Sports .Drama surrounds final three F1 races of season
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NEW YORK (AP) — The man accused of burning a woman to death inside a New York City subway train used a shirt to fan the flames, a prosecutor said Tuesday at his arraignment on murder charges. Sebastian Zapeta, 33, who federal immigration officials said is a Guatemalan citizen who entered the U.S. illegally, was not required to enter a plea and did not speak at the hearing in Brooklyn criminal court. Zapeta, wearing a white jumpsuit over a weathered black hooded sweatshirt, will remain jailed and is due back in court on Friday. His lawyer did not ask for bail. Zapeta is charged with two counts of murder, accusing him of intentionally killing the woman and killing her while committing arson. He is also charged with one count of arson. The top charge carries a maximum sentence of life in prison without parole. Brooklyn District Attorney Eric Gonzalez called the attack a “gruesome and senseless act of violence” and said it would be “met with the most serious consequences.” The apparently random attack occurred Sunday morning on an F train that was stopped at the Coney Island station. Police said Tuesday the victim's identification is still pending. Authorities say Zapeta approached the woman, who may have been sleeping in the train, and set her clothing on fire with a lighter. Zapeta then fanned the flames with a shirt, engulfing her in fire, Assistant District Attorney Ari Rottenberg said in court Tuesday. Zapeta then sat on a bench on the subway platform and watched, police said. According to Rottenberg, Zapeta told detectives that he didn’t know what happened but identified himself in images of the attack. Zapeta's lawyer, Ed Friedman, did not speak to reporters after the arraignment. Video on social media appears to show some people looking on from the platform and at least one police officer walking by while the woman is on fire inside the train. NYPD Transit Chief Joseph Gulotta said Sunday that several officers responded to the fire and one stayed to keep the crime scene “the way it’s supposed to be" while the others went to get fire extinguishers and transit workers. “Officers who were on patrol on an upper level of that station smelled and saw smoke and went to investigate. What they saw was a person standing inside the train car fully engulfed in flames,” Police Commissioner Jessica Tisch said. They eventually put the fire out, but “unfortunately, it was too late,” Tisch said, and the woman was pronounced dead at the scene. Zapeta was taken into custody Sunday afternoon while riding a train on the same subway line after teenagers recognized him from images circulated by the police. A Brooklyn address for Zapeta released by police matches a shelter that provides housing and substance abuse support. The shelter did not immediately respond to a request for comment. Federal immigration officials said Zapeta was deported in 2018 but later reentered the U.S. illegally. The crime deepened a growing sense of unease among some New Yorkers about the safety of the subway system, amplified by graphic video of the attack that ricocheted across social media. Overall, crime is down in the transit system compared to last year. Major felonies declined 6% between January and November compared to the same time period last year, according to data from the Metropolitan Transportation Authority. But murders are up, with nine killings this year through November compared to five during the same period last year. Earlier this month, a Manhattan jury acquitted former Marine Daniel Penny in the chokehold death last year of an agitated subway rider. The case became a flashpoint in debates over safety, homelessness and mental illness on the system. Policing the subway is difficult, given the vast network of trains moving between 472 stations. Each stop contains multiple entry points and, in many stations, multiple floors and platforms.South Carolina State wins 72-62 over IU IndianapolisArmed Forces personnel refute alleged non-payment of allowances