AP Sports SummaryBrief at 6:31 p.m. ESTDEMESNE RESOURCES LTD. ANNOUNCES CLOSING OF A THIRD TRANCHE OF PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT FINANCING
Gilead Sciences director Jeffrey Bluestone sells $620,355 in stockXpeng, a decade-old electric vehicle manufacturer from Guangzhou, China, is planning a major entry into the UK market in early 2025. Known for its competitive pricing and innovative tech, Xpeng is already available in countries like Australia, Hong Kong, Singapore, and several European nations including Norway and The Netherlands. The company is set to introduce its G6 model in the UK in March 2025, with four more models expected to follow over the next three years. A Tesla Challenger The Xpeng G6, a mid-size electric crossover, is designed to rival Tesla’s popular Model Y. With advanced technology and sleek design, the G6 has already created a buzz in other European markets. Despite Xpeng’s absence of a definitive UK release date on its website, the G6 is expected to line up with the new UK license plate releases. Competitive Pricing and Features Xpeng’s pricing strategy is clear: the G6 is positioned to be more affordable than the Tesla Model Y. In the Netherlands, the G6 is priced at approximately £35,700, around £2,500 cheaper than its Tesla counterpart. The Independent reports that both standard and long-range versions of the G6 will be available through 20 UK retail locations in collaboration with International Motors (IM Group). The G6 Specs The G6 will come in three versions: RWD Standard Range, RWD Long Range, and AWD Performance. With power outputs ranging from 258 to 476 PS, the G6 promises impressive speed and range. It features an 800-volt electrical system, enabling swift charging capabilities. Stay tuned for more updates as Xpeng revs up for its UK debut, potentially shaking up the electric vehicle market with its cost-effective yet high-tech offerings. Why Xpeng’s UK Debut Could Shake Up the Electric Vehicle Market As Xpeng gears up for its UK launch in 2025, the electric vehicle (EV) manufacturer is poised to make a significant impact in the industry. With their competitive pricing strategy and advanced technology, Xpeng’s entry could challenge established players and offer UK consumers exciting new choices. Advanced Technology Behind Xpeng’s G6 Xpeng’s G6 stands out due to its cutting-edge technology. Equipped with an 800-volt electrical system, the G6 enables high-speed charging that is both efficient and convenient for consumers. This system significantly reduces charging times compared to lower-voltage alternatives, which could appeal to UK consumers who value time-efficiency in their EV ownership experience. Moreover, Xpeng’s models are integrated with advanced autonomous driving features and connectivity options that set them apart from other EVs in the market, providing a futuristic and smooth driving experience. The Sustainability Edge Sustainability is a core focus for Xpeng, a factor that aligns with the growing eco-conscious mindset of many UK buyers. The company’s commitment to reducing carbon emissions and promoting green technology could enhance its appeal, particularly among environmentally conscious consumers. With ongoing innovations aimed at improving battery efficiency and vehicle recyclability, Xpeng is setting itself apart as a forward-thinking player in the market. Predictions and Market Impact Industry experts predict that Xpeng’s entry into the UK market could initiate competitive price adjustments from incumbents like Tesla and other EV manufacturers. Their aggressive pricing and technological edge could force broader changes in how electric vehicles are marketed and sold. Analysts will closely watch how these factors influence consumer adoption rates and market shares. Points of Controversy and Consideration Xpeng’s pricing strategy, while advantageous to consumers, might spark debates about market competition and pricing ethics within the industry. Additionally, questions about data privacy and security concerning advanced autonomous features may arise, necessitating transparency and robust measures from Xpeng to address consumer concerns. With Xpeng’s technology-driven approach and cost-effective offerings, its UK debut in 2025 promises to be a pivotal moment in the electric vehicle landscape. Shifts in market dynamics, driven by Xpeng’s innovations, could redefine what consumers expect from their EVs. For more about Xpeng and their international pursuits, visit the official link name . Stay updated as the company unveils more details about its plans for reshaping the UK’s EV market.
NoneSTUART, Fla. , Dec. 24, 2024 /PRNewswire/ -- Health In Tech, an Insurtech platform company backed by third-party AI technology, today announced the closing of its initial public offering of 2,300,000 shares of its Class A common stock at a public offering price of $4.00 per share, for gross proceeds of $9,200,000 , before deducting underwriting discounts, commissions, and estimated offering expenses. The Company has granted the underwriter an option, exercisable within 30 days from the date of the final prospectus, to purchase an additional 345,000 shares of Class A common stock from Health In Tech at the initial public offering price, less underwriting discounts and commissions. Assuming such option is fully exercised, the Company may raise a total of approximately US$10,580,000 in gross proceeds from the Offering Health In Tech intends to use the net proceeds from the offering for system enhancements, expansion of service offerings, sales and distribution channels, talent development and retention, working capital, and other general corporate purposes. American Trust Investment Services, Inc. acted as the sole book-running manager for the offering. A registration statement on Form S-1 (File No. 333-281853) relating to the shares was filed with the Securities and Exchange Commission and became effective on December 19, 2024 . This offering was made only by means of a prospectus, forming part of the effective registration statement. A copy of the prospectus relating to the offering can be obtained when available, by contacting American Trust Investment Services, Inc., 230 W. Monroe Street , Suite 300, Chicago, IL 60606, or via E-Mail at ECM@amtruinvest.com. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Health In Tech Health in Tech ("HIT") is an Insurtech platform company backed by third-party AI technology. We offer a dynamic marketplace designed to create customized healthcare plan solutions while streamlining processes through vertical integration, process simplification, and automation. By eliminating friction and complexities, HIT enhances value propositions for employers and optimizes underwriting, sales, and service workflows for Managing General Underwriters (MGUs), insurance carriers, licensed brokers, and Third-Party Administrators (TPAs). Learn more at healthintech.com . Forward-Looking Statements Regarding Health In Tech Certain statements in this press release are forward-looking statements for purposes of the safe harbor provisions under the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may include estimates or expectations about Health In Tech's possible or assumed operational results, financial condition, business strategies and plans, market opportunities, competitive position, industry environment, and potential growth opportunities. In some cases, forward-looking statements can be identified by terms such as "may," "will," "should," "design," "target," "aim," "hope," "expect," "could," "intend," "plan," "anticipate," "estimate," "believe," "continue," "predict," "project," "potential," "goal," or other words that convey the uncertainty of future events or outcomes. These statements relate to future events or to Health In Tech's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause Health In Tech's actual results, levels of activity, performance, or achievements to be different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond Health In Tech's control and which could, and likely will, affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects Health In Tech's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to Health In Tech's operations, results of operations, growth strategy and liquidity. Investor Contact Investor Relations: ir@healthintech.com View original content to download multimedia: https://www.prnewswire.com/news-releases/health-in-tech-announces-closing-of-initial-public-offering-302338923.html SOURCE Health In Tech
In a notable shift within college football, Gus Malzahn is leaving his role as UCF head coach to take on the offensive coordinator position at Florida State, uniting with coach Mike Norvell. The move is part of a staff overhaul at Florida, as reported by ESPN on Saturday. Meanwhile, tensions flared at Ohio Stadium following Michigan's narrow victory over Ohio State. The postgame scuffle saw Michigan players planting their flag at midfield as Ohio State players sang their alma mater in the south end zone. Across other sports, key highlights include Anthony Edwards leading the Minnesota Timberwolves to a narrow win over the Los Angeles Clippers and Toronto FC entering the search for a new head coach after John Herdman's resignation. (With inputs from agencies.)
BRUSSELS , Dec. 24, 2024 /PRNewswire/ -- In an upcoming EU Reporter interview , M. Shigeo Katsu , Founding President of Nazarbayev University (NU) and a key architect of Kazakhstan's education reforms, will address the escalating scandal surrounding financial mismanagement at the country's flagship higher education institution. The crisis gained public attention following the announcement of the state audit results of Nazarbayev University. The revelations have sparked widespread concerns about transparency and oversight at one of Central Asia's most prestigious universities. Adding to the controversy are allegations of financial mismanagement involving the New Generation Foundation, the Jusan Group — entities originally established to ensure the long-term financial sustainability of NU and Nazarbayev Intellectual Schools (NIS). Questions have also been raised about the state of affairs at NU's Social Development Fund. Reports suggest that funds may have been misappropriated, triggering outrage from students, educators, and civil society. In response, a student initiative group from Nazarbayev University issued an open letter demanding the release of both the state audit and NU's internal audit of the Social Development Fund. The letter also calls for greater accountability, enhanced transparency, and the protection of students' rights. This appeal reflects mounting frustration with the university's leadership and a growing demand for immediate corrective action. Shigeo Katsu's interview will shed light on these unfolding developments. As a former leader of NU, Katsu is uniquely positioned to analyze the root causes of the crisis, critique the university's response, and discuss the broader implications for Kazakhstan's education sector. The full interview can be found here: https://www.eureporter.co/kazakhstan-2/2024/12/23/the-battle-for-nazarbayev-universitys-future-shigeo-katsu-on-financial-mismanagement-and-accountability/ The Battle for Nazarbayev University's Future: Shigeo Katsu on Financial Mismanagement and Accountability In light of recent controversies surrounding the financial governance of Nazarbayev University (NU) and Nazarbayev Intellectual Schools (NIS), an open letter from concerned students has surfaced, addressing the troubling mismanagement of funds and alleged conflicts of interest. The letter highlights a series of financial decisions that led to the unraveling of key institutions meant to ensure the long-term stability of NU and NIS. The students are particularly concerned about the fate of the Jusan Group and the Nazarbayev Fund (NGF), which were once positioned to secure the financial future of these two leading educational institutions. Instead, they allege that significant funds were misappropriated and whole organizations lost, leading to the collapse of what was once a promising financial structure. In response, Shigeo Katsu , the Founding President of Nazarbayev University, has also written an open letter , received by EU Reporter, addressing the ongoing crisis and providing his perspective on the unfolding situation. In his letter, Katsu outlines the rationale of engagement in the financial sector and the erosion of the initial vision for NU, highlighting the role of key financial institutions like Jusan Bank and the NGF in securing a stable future for the university and NIS. He draws attention to the series of decisions that led to the loss of the former and calls for urgent remedial actions to prevent further damage to the institutions' credibility and financial stability . In this exclusive interview with EU Reporter , Shigeo Katsu , the Founding President of Nazarbayev University, sheds light on these pressing issues. He discusses the audit findings, the role of Jusan Bank , and what must be done to restore trust and secure the future of NU and NIS. Bio: Mr. Shigeo Katsu is the Founding President of Nazarbayev University. He held the position of President from December 2010 until June 2023 . He was Chair of the Board of Trustees of an affiliated secondary school system, the Nazarbayev Intellectual Schools, and of the University's hospital system. Prior to the assignments in Kazakhstan , over the course of a 30-year career at the World Bank, Mr. Shigeo Katsu held various positions including leading financial sector reform support for China , Director for Cote d'Ivoire , and Vice President for Europe and Central Asia . After his retirement from the World Bank, he served for a few years on the US board of a youth-oriented international development NGO. Between 2011 and 2015 he was an Advisory Panel member of the ASEAN+3 Macroeconomic Research Office (AMRO). Questions: - We have exclusively published your open letter and anticipate that it will generate a significant response. What drove you to write it, particularly in light of the misuse of funds intended to ensure the long-term financial stability of Nazarbayev University (NU) and Nazarbayev Intellectual Schools (NIS)? The decision to write the open letter was not made lightly. It was driven by a profound sense of responsibility to the students, faculty, and broader community of Nazarbayev University (NU) and Nazarbayev Intellectual Schools (NIS). These institutions were established with a vision to create world-class educational hubs in Kazakhstan and establish a center of excellence for academic research. Ensuring their financial independence and long-term stability is a core requirement to achieve the two institutions' mission. However, recent developments revealed through state and internal audits have exposed serious breaches of trust. The misuse of funds from entities like the University's Social Development Fund, New Generation Foundation, and Jusan Group directly threatens the sustainability of NU and NIS. These funds were meant to build up and guarantee the financial security of the institutions. Instead, we now see signs of embezzlement, mismanagement, and a concerning lack of accountability. The role played by key figures like the directors and executives of NGF, of Aslan Sarinzhipov (Executive Vice President of NU, a former Minister of Education) and Kadisha Dairova (Vice President for Student Affairs and International Cooperation, Nazarbayev University) only adds to the gravity of the situation. By writing the letter, my goal was to bring transparency to the issue and to mobilize public attention and international scrutiny. NU and NIS were founded on principles of meritocracy, transparency, and academic freedom. If we allow these values to be compromised, we risk undoing more than a decade of progress. The letter serves as a call for accountability, reform, and most importantly, protection of the future of Kazakhstan's youth. - Many students and alumni of NU have expressed their concern over the lowering of admission standards and the shift away from international standards. How do you assess these changes, and do you see them as diverging from the original vision for NU? NU was conceived as a model of excellence , designed to meet international standards in research, teaching, and governance. One of its founding principles was merit-based admission , which ensured that students were selected solely based on their ability and potential. This meritocratic foundation was not only an academic principle but a reflection of NU's mission to transform Kazakhstan's education system. Students, alumni, faculty and staff have worked hard to build NU's name. Now students, alumni and parents are rightly concerned that the lowering of admission standards undermines this mission and risks eroding the university's reputation both domestically and internationally. Such changes create the perception that NU is moving away from its original vision of being a world-class institution. To restore confidence, NU must reaffirm its commitment to international standards, transparency, and academic rigor. Reverting to merit-based admissions and prioritizing excellence will send a clear message that the institution remains steadfast in its mission. In the Open Letter, I stated that in theory, a policy of opening the entry door wider, but then be resolutely strict in terms of progression and graduation based on academic integrity and merit could work. There are some cases globally. However, it can only work if there is a full commitment to integrity and merit, openness and transparency, and NU's original values are upheld. But unfortunately, what I have observed and heard about recent developments at NU does not make me optimistic. While administration is supposedly in a belt-tightening mode, new senior positions were created and filled with scant regard for a proper hiring process and qualification. Conflict of interest and restrictions on hiring family members have been discarded. These are just a few of the institutional changes that will inevitably bleed over into the academic fabric as well. Is this the example that senior management wants to present to our students? - Do you believe the current situation, where the financial foundations like the Social Development Fund and New Generation Foundation were mismanaged, reflects a broader crisis within Kazakhstan's governance and democracy? Absolutely, but to be fair, this corporate governance crisis is not just limited to Kazakhstan . The findings of the internal audit conducted by NU on the Social Development Fund (SDF) reveal a systemic absence of check and balances and accountability that extends beyond these institutions. Mismanagement and theft, such as those involving Aslan Sarinzhipov , have not only undermined NU and NIS but also shaken public trust in Kazakhstan's leadership. The financial institutions linked to NU and NIS—Nazarbayev Fund, New Generation Foundation, and Jusan Group — were designed to guarantee long-term financial stability for education in Kazakhstan , securing the futures of NU and NIS for decades. However, NGF and Jusan Group's systematic depletion and dismantling highlight the country's struggle with accountability and the need for deep structural reform. This mismanagement reflects broader governance failings—particularly a lack of oversight, transparency, and mechanisms to prevent conflicts of interest. I cannot pronounce myself on the current status of the NF, but I would not be surprised if one discovers similar shortcomings there as well. I had called for an audit for some time until my departure but was not successful. The impact extends beyond education, affecting the economic and social fabric of Kazakhstan . Addressing these issues requires not just reforms within these organizations but also a renewed commitment to governance, accountability, and emphasis on establishing the rule of law. - With the financial stability once promised by entities like the NGF now in jeopardy, how do you envision NU's future without those foundational guarantees? The original intent of the Nazarbayev Fund, New Generation Foundation, and Jusan Group was to provide NU and NIS with long-term financial stability. These entities were carefully designed to ensure that Kazakhstan's leading educational institutions could eventually operate in a manner less affected by state budget fluctuations. However, as the audits reveal, these institutions have been systematically mismanaged and looted, jeopardizing the financial future of NU and NIS. NU's survival and success now depend on a bold and transparent strategy. The first step is to rebuild trust with the public, students, and alumni by publishing the findings of both the state audit of NU and the internal audit of SDF. Then, those responsible are held accountable. Financially, NU must re-establish a diversified funding model. This includes rebuilding its endowments and enhancing additional revenue streams, such as a logical and sound tuition policy, executive education and collaboration with industry and business in the form of contract research. Transparency and governance reform will be key to attract donors and investors who believe in NU's mission and potential. - The Supreme Audit Chamber of Kazakhstan , in its state audit, reported the mismanagement of 73.5 billion tenge at Nazarbayev University , as well as allegations of half a billion tenge being used illegally. What is your opinion on this, and how should the university address governance and corruption issues? I have not had the opportunity to access the state audit report, thus it is difficult to comment. If the cited amount in mismanagement of 73.5 billion tenge over six years is true, it is scandalous. However, we do not know what the auditors' definition and criteria of mismanagement is. So, let's first find out what the report actually says. What is clear, however, is the outcome of a 2023 internal audit of NU's Social Development Fund (SDF) , and it is sobering. This SDF audit reveals a blatant disregard of corporate governance principles, where individuals entrusted with university resources prioritized personal gain over the mission of NU. The audit revealed that SDF management led by current NU Executive Vice President Aslan Sarinzhipov constructed an intricate web of subsidiary entities, including abroad, to systematically evade the oversight and control of the University. Funds ( over 14 billion tenge ) meant to assist students and faculty were used for personal gains of Aslan Sarinzhipov and questionable deals. Unfortunately, NU senior officials such as Vice President Kadisha Dairova participated in such schemes. When I voiced my concern earlier over the developments at NU, it is largely because of the track record of senior officials there. For NU to move forward, it must adopt zero-tolerance policies for corruption, demand accountability from those responsible, and reform its governance structures to ensure transparency. - Why do some claim there is a lack of funds for NU and NIS, despite the promises of financial stability from their endowment funds? The claim of a lack of funds is a direct consequence of the systematic looting of resources from the New Generation Foundation and Jusan Group. These entities were explicitly designed to contribute to NU and NIS' long-term financial sustainability against the backdrop of reduced state funding. However, as I described in my Open Letter, these innovative financial structures have been undermined by mismanagement, and outright theft. For instance: Rebuilding financial stability will require recovering stolen assets, reforming governance structures, and restoring public trust through full transparency and accountability. - Given the scale of financial mismanagement, what steps are necessary to ensure accountability for those involved, including senior officials? Accountability must begin with transparency. First, all findings from the audits should be made public, and independent investigations should be conducted to identify those responsible. No individual, regardless of rank or influence, should be above scrutiny. Second, legal consequences must follow where wrongdoing is found. Kazakhstan's legal system must demonstrate its independence and commitment to justice by prosecuting those who exploited these funds. Finally, governance reforms are essential. NU and its associated entities must implement stricter checks and balances, including external audits, whistleblower protections, and oversight committees with independent members. These steps are not just about rectifying past mistakes—they're about ensuring a future where such mismanagement cannot happen again. - The audit findings were just the beginning of uncovering deeper issues. Is there more information you can share about how these financial foundations were exploited and what this means for the future of NU and NIS? The patterns that have emerged—opaque transactions, conflicts of interest, and questionable settlements—are deeply troubling. For instance, the transfer of assets to private hands under unclear terms raises red flags about the intentions behind such decisions. This exploitation puts the futures of NU and NIS at risk. These institutions were designed to be financially independent, insulated from political and economic volatility. The weakening of their financial foundations erodes their ability to deliver on their missions and betrays the trust of the Kazakhstani people, who have invested in these institutions through their taxes. The way forward requires not just recovering lost assets but rebuilding the governance systems that allowed this exploitation to occur. - Nazarbayev University was founded with a mission to serve as a model for higher education in Kazakhstan , supported by funds like those from the Nazarbayev Fund and New Generation Foundation. What was your original vision for the university, and how did these funds play a critical role in realizing that vision? The vision for NU was bold: to create an institution that could compete with the best universities in the world while serving as a model for higher education reform in Kazakhstan . From day one, we envisioned NU as a hub for innovation, research, and leadership development—a place where the brightest minds could come together to solve the challenges of tomorrow. However, one should not forget that universities, in particular research universities, are a long-term endeavor. They are meant to educate and develop generations upon generations of leaders and professionals in a broad range of sectors, and thus contribute to the scientific, economic, and societal wealth of countries. Building a strong institution that can meet the test of time requires long-term and unwavering commitments to foundational values such as integrity, meritocracy, excellence, openness and transparency. But of course, strong financial support from government and other stakeholders is needed, especially in the first decades. Thus, it was understood that NU would be dependent on state funding (through education grants and capital investments) for the initial decades of its existence, while in the meantime it would develop other sources of financing such as through endowment funds, tuition, and contract research. The Nazarbayev Fund, NGF and the Jusan Group were integral parts of this vision. This overall construct allowed us to recruit world-class faculty, develop state-of-the-art facilities, and provide scholarships to talented students, many from underprivileged backgrounds. These resources weren't just financial—they were a vote of confidence in NU's mission and a recognition of the transformative power of education. The loss of these resources is a significant setback, but I do hope that NU can recover. The university must focus on rebuilding trust with its stakeholders—students, faculty, alumni, and the public. This starts with transparency in financial management and governance. Diversifying funding sources will be crucial. This includes rebuilding its endowments, engaging with the philanthropic community, and developing innovative revenue streams. But most importantly, NU must stay true to its mission and values. Financial stability is important, but it must never come at the cost of compromising the university's integrity or academic excellence. Restoring NU's credibility begins with transparency. For instance, the university must share the audit report with stakeholders, and openly address any major shortcomings highlighted in the audit, including financial mismanagement and governance failures. An independent investigation, followed by public disclosure of findings, will demonstrate a commitment to accountability. Next, an affirmation of NU's commitment to its foundational values and principles is needed. Next, institutional reforms are essential. This includes introducing stronger oversight mechanisms for financial and administrative processes, ensuring that governance boards are staffed with individuals of the highest integrity and independence, and that management, faculty and staff are recruited on the basis of transparency and merit. Fourth, NU must recommit itself to its founding mission of academic excellence. This means maintaining rigorous admission standards, prioritizing high-quality faculty recruitment, and fostering research that addresses national and global challenges. And finally, engaging the NU community—students, faculty, alumni, and parents—in shaping the university's path forward is critical. A transparent, inclusive process will rebuild trust and reaffirm NU's position as a leader in higher education. Educational reform is not just critical—it is foundational to Kazakhstan's economic recovery and long-term stability. The pandemic exposed vulnerabilities in education systems worldwide, but it also underscored the importance of adaptability, innovation, and resilience. For Kazakhstan , investing in education means investing in the future. A well-educated population is essential for diversifying the economy, attracting foreign investment, and fostering innovation. Institutions like NU and NIS must lead the way by setting benchmarks for quality and demonstrating the value of education in driving economic progress. Moreover, reform must focus on equity. Expanding access to high-quality education for students from socially vulnerable backgrounds will ensure that economic recovery benefits all segments of society, not just the privileged few. - How do you see the role of institutions like NU and NIS in not only providing quality education but also contributing to economic growth in Kazakhstan , especially when financial stability is threatened? NU and NIS are more than educational institutions—they are catalysts for economic growth and social development. By equipping students with critical thinking skills, technical expertise, and a global perspective, they prepare the workforce needed to diversify Kazakhstan's economy. Their impact extends beyond classrooms. NU's research contributes to solving national challenges in areas like energy, healthcare, and technology. Meanwhile, NIS fosters innovation and leadership at the secondary education level, creating a pipeline of talent that benefits universities and industries alike. To sustain this role, NU and NIS must secure their financial stability. This includes strengthening governance, diversifying funding sources, and forging partnerships with the private sector and international organizations. These institutions are vital to Kazakhstan's future, and their success is intertwined with the country's broader economic ambitions. - Could the model used by NU and supported by the Nazarbayev Fund be applied in other countries, or does it require a uniquely Kazakh approach to work effectively? The NU model is innovative, but its core principles—integrity, meritocracy, autonomy, and a focus on global best practices—are universally applicable. Many countries could benefit from establishing institutions that prioritize excellence and align with international standards. That said, successful implementation depends on adapting the model to local contexts. Kazakhstan's approach benefited from strong initial financial and political backing, and a vision that emphasized independence from political and state bureaucratic interference. Replicating this requires careful consideration of governance structures, funding mechanisms, autonomy and other values, and cultural factors. In countries where philanthropic traditions or financial resources are limited, the model may need to rely more on public-private partnerships or international collaborations. Ultimately, the NU experience demonstrates that ambitious goals in education are achievable with the right vision, leadership, and long-term commitment support. - What lessons do you hope others will learn from the experience of the NGF, Jusan Bank , and the financial turmoil at NU? The story of NU and its financial affiliates offers a critical lesson: no institution, no matter how noble its mission, is immune to mismanagement and corruption without strong governance. NU and NIS' financial pillars, namely the Nazarbayev Fund, NGF, Jusan Group, but also the SDF and NIS' Corporate Development Fund were designed to guarantee long-term financial sustainability, yet their exploitation demonstrates how quickly trust can be eroded when transparency and accountability are neglected. For any endowment fund or financial institution, the following lessons are clear: NU's experience is a cautionary tale but also an opportunity. By addressing these failures head-on, NU can emerge as a model for how institutions can learn from adversity and rebuild stronger than before. View original content to download multimedia: https://www.prnewswire.com/news-releases/nazarbayev-university-crisis-shigeo-katsu-demands-audit-transparency-302338886.html SOURCE EU Reporter
Appearing on the 'Armchair Expert' podcast, he said: "I was in this Batman movie and the Batman movie was so poorly received, and I was so poorly received. "I've never said this before, and it's kind of embarrassing to admit, but I genuinely think it actually hurt my career in a real way because I was poorly received in something so public. "In the industry, if you're in a huge, huge movie and not seen as good, the people who are choosing who to put next in their movie are just not gonna select you." On review-aggregation site Rotten Tomatoes, the film scored 29 per cent from critics and has a 63 per cent audience score, but Jesse avoided reading the reviews so had no idea how the flick or his part was perceived. He went on: "I've been in poorly received things that just don't see the light of day. For the most part, no one knows. "But this was so public, and I don't read notices or reviews or movie press or anything. So I was unaware of how poorly it was received." The 'A Real Pain' star has starred in many roles since and appeared as Batman's enemy again in Snyder's 2021 director's cut of 2017's 'Justice League'. Jesse insists he "loved" playing the supervillain and puts the "blame" on himself. He added: "I loved my role and I loved the movie, doing it and everything. So I feel [I] just [have] myself to blame. I'm not like they did me wrong. No. I'm like, 'Oh, I guess I did something wrong there.'" Jesse previously admitted he is "not a comic book fan" and would be "shocked" if he appeared in another DC movie. He told Deadline in 2022: "I'd be shocked if I wound up in a DC movie, but it would be a pleasant shock. "Listen, I'm not a comic book fan. To me, it was not playing a role that I'd envisioned since childhood. To me, it was a chance to play this great character that this great writer wrote, and I loved doing that. So, to play it is a joy, and to not play it isn't something that I'm going to be ashamed to tell my kids about, because that is not an important genre in my life, even though I loved doing that movie."
Social Security now pays out more money than it brings in, so payments rely largely on a trust fund built up by the Social Security Administration. That fund is projected to run out of money by the mid-2030s, which has led politicians in both parties to debate how Social Security should change to avoid a shortfall. Prior to the election, the Harris campaign claimed then-candidate Donald Trump would cut Social Security, but President-elect Donald Trump has promised he will protect the program. Pam and other VERIFY readers sent us emails asking if Trump can unilaterally change or even end Social Security. THE QUESTION Can the president change Social Security? THE SOURCES Bankrate U.S. Treasury Social Security Act Committee for a Responsible Federal Budget (CRFB) Society of Actuaries Social Security Administration THE ANSWER No, the president cannot change Social Security. WHAT WE FOUND The president cannot unilaterally change Social Security, including how it’s funded, how much it pays beneficiaries or how it’s taxed. Congress can, however, make changes to Social Security, and the president can make suggestions to Congress. “Social Security’s tax rate and benefits are set by law,” Bankrate says. “So to tweak them, Congress must first change the law, and the president then needs to sign it.” Social Security falls into a part of the federal budget called mandatory spending, according to the U.S. Treasury . Mandatory spending does not require an annual vote by Congress; instead, existing laws mandate the spending and determine how much should be spent each year. In this case, the Social Security Act requires the government to provide payments to beneficiaries based on the amount of money they’ve earned and other factors, the Treasury says. The law, last amended in 2019, will continue to determine how much beneficiaries are paid and therefore how much the government spends on Social Security each year until the law is amended again. Though the president can’t change Social Security on their own, they can propose changes to Congress. Since Republicans will have majorities in the Senate and House of Representatives in the next Congress, they may vote to amend the law per Trump’s proposals. Other laws and policies may also impact Social Security’s finances, even if they don’t directly pertain to Social Security. These include some executive actions the president can do without Congressional approval. For example, the Committee for a Responsible Federal Budget (CRFB) says mass deportations may negatively impact Social Security’s finances because it would reduce the number of immigrant workers paying into the trust fund. Trump has proposed eliminating income tax on Social Security payments, which would also require Congress to pass legislation. The CRFB, the Tax Policy Center and the Tax Foundation all project that the proposal would make Social Security run out of money sooner because those taxes fund future Social Security payments. Additionally, the president can remove the current Commissioner of Social Security and appoint a new one, the Society of Actuaries says. The Commissioner of Social Security is responsible for administering Social Security programs, but does not have the individual power to change how Social Security works.
EAST LANSING, Mich. — Rutgers saved its best for last. After getting gutted last week in a last-second loss to Illinois that rattled the foundation of the program, no one would have blamed the Scarlet Knights for mailing in their regular-season finale. Instead, Rutgers responded with a performance that will send it into the postseason feeling like, yet again, the team that should have been counted out a long time ago will be fighting for something special. Extra motivation? Rutgers needed none of it Saturday. The Scarlet Knights spent one day to put rehash what went wrong against Illinois. They said they moved on and proved it early, dismantling Michigan State for a 41-14 win that was never in jeopardy. The bounce-back performance should be something to give coach Greg Schiano’s team something to be proud of with whatever comes next in the postseason. After all: It was Michigan State fighting for a postseason berth Saturday, but Rutgers looked like the playing with its season on the line. Rutgers can sit back and wait for its bowl game destination knowing it salvaged its season after a four-game losing streak and quickly erased what was one of its worst losses ever. On Saturday, te Scarlet Knights were better in every facet. Offensively, defensively, special teams — this was the type of complementary football that has escaped Rutgers until its final game of the regular season. If this was the final time fans see senior running back Kyle Monangai in a Rutgers uniform, the senior gave one last memorable performance. Monangai moved past Terrell Willis for second place on the school’s all-time rushing list. He racked up 101 of his 129 yards in the first half to help Rutgers rattle off 34 unanswered points, spanning the second and third quarters. In a potentially fitting finale, Monangai recorded a 100-yard game for the third straight season against Michigan State. After all, it was here in East Lansing where Monangai first exploded onto the scene in 2022. Just three years ago, Monangai rattled off a then-Big Ten record for Rutgers after carrying 24 times for 162 yards and a touchdown. It was a game Rutgers still found a way to lose. There might not be a better embodiment of Rutgers’ resurgence than Monangai who went from an unheralded recruit to the Big Ten rushing champ to a player who went back to work time and time again. When Rutgers needed one last week of work, it turned to wise words from the face of its senior class, who put it simply ... to move past the heartbreak, Rutgers needed to “just get back to work”. Instead of checking out, Rutgers got back to work. Observations Move to the spread? Experimenting with different packages, formations and tempo, it was somewhat startling that Rutgers not only spread things out — but thrived doing so. Quarterback Athan Kaliakmanis hit sophomore Ian Strong for a 9-yard touchdown pass. At that point, with Rutgers leading 31-7, it was becoming clear that the offense was going to operate at a high level with whatever it was hoping to accomplish. That may be the best news for Rutgers. With Monangai and the run game, the Scarlet Knights were able to bring balance to its offense. Will that be the case next season? Either way, Rutgers will have a quarterback in Kaliakmanis and a loaded core of young receivers who could give the Scarlet Knights a foundation to build around. After throwing for 150 yards Saturday, Kaliakmanis will need 248 yards in the bowl game to reach the 2,700-yard mark, which has only been reached by three other Rutgers passers — Ryan Hart, Mike Teel and Gary Nova — who also have substantial players in program lore. Dariel Djabome delivers all season long From the first game of the regular season to the last, the junior linebacker from Quebec was one of Rutgers’ biggest revelation. The team’s leading tackler, who was thrust into the starting lineup to replace injured captain Mohamed Toure, delivered the game’s biggest play when he stuffed running back Kay’ron Lynch-Adams in the backfield for a turnover on downs. At the time, Michigan State had the chance to tie the game with a field goal but gambled facing 4th-and-1 at Rutgers’ 6-yard line. With Michigan State facing a 10-7 deficit with 10:01 to play in the second quarter, the momentum fully swung in Rutgers’ favor from there as the Scarlet Knights scored on five of its six first-half possessions. Special teams deja vu Michigan State avoided complete destruction from a special teams blunder, but it just goes to show how steady that unit has been under Schiano. Halfway through the first quarter, long snapper Jack Carson Wentz sent a high snap through the hands of punter Ryan Eckley, who was able to scoop it up and stay out of the end zone when he was hit by freshman Ben Black. Rutgers took over at the 1-yard line but went backwards on a illegal motion by Monangai, leading to an eventual 25-yard field goal by Jai Patel that put Rutgers up 10-7 with 7:29 left in the first quarter. Last season, Michigan State punter Michael O’Shaughnessy dropped a snap, opening the door for Rutgers to rally for an 18-point comeback in the fourth quarter of an eventual 27-24 win for the Scarlet Knights. Go big or go home What was more unlikely? Senior Tyler Needham returning from what was previously diagnosed as a season-ending injury or him playing as a tight end? Needham, switching from No. 56 to 86, returned to the field three weeks removed from a knee injury and was used as a sixth offensive lineman, giving the Scarlet Knights a jumbo package look in a game decided in the trenches. Needham started the first nine games at right tackle before injuring his knee against Minnesota three weeks ago. Rutgers diagnosed his injury as season-ending, but the Philadelphia native was back in the starting lineup Saturday, giving the Scarlet Knights another option for its injury-decimated group of tight ends. While redshirt sophomore Mike Higgins saw the field, Rutgers used its jumbo package for a majority of its offensive snaps. Blustery Big Ten weather The official reading at kickoff was 24 degrees. Snow covered the field and fell like confetti from start to finish in a game between two teams trying to take advantage of the weather. Hits felt bigger, catches felt grittier and this Nov. 30, regular-season finale felt like the embodiment of Big Ten football. On a day, where Michigan State was playing for a bowl berth, Rutgers came into Spartan Stadium and was simply better across the board. Bonus coverage - With the win, Rutgers finished the regular season with a 7-5 record and 4-5 mark in Big Ten play. The 7-5 record will stand as Rutgers’ best regular-season record since 2014 when the Scarlet Knights recorded the same overall finish in its inaugural season in the Big Ten. Its four Big Ten wins also set a new program best. - The snow was a no-go, apparently. Michigan State running back Nate Carter was flagged for unsportsmanlike conduct after celebrating by doing snow angels following his first touchdown run of the game. It was a significant penalty, too. On the ensuing kickoff, Jonathan Kim booted the ball out of bounds. With the penalty yardage stacked together, Rutgers started with possession at the 50-yard line for its first drive, which ended with a 7-yard touchdown run by Monangai. Injury updates The Scarlet Knights listed 13 players as pre-game scratches on their availability report . The list included three new seniors — defensive end Aaron Lewis, cornerback Eric Rogers and safety Desmond Igbinosun — who all played last week against Illinois. In addition to those three regulars, Rutgers listed four other major contributors — wide receiver Christian Dremel, offensive lineman Tyler Needham, tight end Mike Higgins and cornerback Al-Shadee Salaam — as questionable two hours before kickoff. All four ended up playing, opening the door for Needham’s intriguing return as a jump-package option. The line Rutgers opened as a one-point favorite Sunday, but the lined eventually moved to favor Michigan State. At the time of kickoff, Michigan State was a favorite by 1 1/2 points, according to multiple sports books. The total points was set at 47 1/2. MORE RUTGERS COVERAGE Rutgers loses physical battle with Texas A&M, leaves Las Vegas with lost opportunities What’s Rutgers’ injury situation vs. Michigan State? Scarlet Knights thin again Rutgers vs. Texas A&M FREE LIVE STREAM (11/30/24) | How to watch men’s college basketball in Las Vegas online Everything Rutgers fans need to know about Michigan State showdown Married to Rutgers: Fans sneak away from Vegas hoops tournament to say, ‘I do’ Thank you for relying on us to provide the journalism you can trust. Please consider supporting us with a subscription. Patrick Lanni may be reached at planni@njadvancemedia.com .
Simon Harris’s Fine Gael party and coalition partner Fianna Fail look set to return to government after the Irish election, but the prime minister could face a battle to keep his post after his popular support appeared to drop. With counting still ongoing, early tallies and the official exit poll showed little to separate the two main incumbent parties and the opposition Sinn Fein. With no party having enough support to govern alone, the status quo will likely remain after Fine Gael and Fianna Fail ruled out a deal with Sinn Fein. Although the overall outcome looks increasingly clear, it’s far from certain Harris will emerge with the upper hand in what could be difficult negotiations with Fianna Fail. Micheal Martin’s party trailed in the official exit poll, but early results suggest it could emerge with the most first-preference votes — the simplest gauge of popular support — putting him in a better position in talks. “It’s far too hard to call at this stage as to who will come out as the largest party,” Harris told RTE on Saturday. “What is clear is that Fine Gael, Fianna Fail and Sinn Fein will be tightly bunched when it comes to final seats.” Martin predicted his Fianna Fail would outperform the exit poll, telling reporters there’s a “route to a very strong finish” for his party. But he cautioned that electoral fragmentation meant forming a government would be “challenging.” To be sure, the picture could change as counting takes in second-choice and subsequent preferences to determine final makeup of the Dail or parliament. A tight race is far from what Harris envisaged when he called the vote early — it wasn’t scheduled to be held until March — to try to capitalize on Fine Gael’s surge in support since he became Taoiseach in April. The media dubbed it the “Harris hop” and the 38-year-old made his campaign slogan “new energy” — despite being a former health minister and established government figure. A giveaway budget and what appeared to be a slump in support for Sinn Fein made it seem the optimal time to seek a new mandate. But Harris’s campaign was beset with slip-ups, starting with Ryanair Holdings Plc Chief Executive Officer Michael O’Leary using a Fine Gael event to make a jibe about teachers serving in government. The worst, though, was a viral video of Harris walking away from a disability care worker and dismissing her view that the government wasn’t doing enough. He later apologized. “Fine Gael may be a little bit disappointed that they didn’t make more gains,” said Lisa Keenan, political science assistant professor at Trinity College Dublin, though she added that given the campaign gaffes, Harris is also likely to be somewhat relieved. “We’ve seen a stabilization there.” From a commanding poll lead as late as September, Fine Gael appears to have slipped back into a three-party scramble to win the popular vote. It’s a key moment. Whoever forms the next government will enjoy a budget surplus and soaring tax receipts from U.S. companies including Apple Inc. operating there. What to do with Ireland’s billions has been a key focus of the election, with parties competing on spending ideas — even as the reelection of Donald Trump in the U.S. and his threat of trade tariffs injected a sense of caution. Worryingly for Harris, the exit poll also showed the premier trailing his two main rivals on the question of who should be next Taoiseach. Only 27% said they want the Fine Gael leader leading the country, while 35% said they would like Fianna Fail’s Martin, and 34% preferred Sinn Fein leader Mary Lou McDonald. McDonald’s strength comes from her support among young people, and that gels with the exit poll showing housing and homelessness were the biggest issues for voters, followed by the cost of living. Data published on election day showed homelessness in Ireland reached a record figure of almost 15,000. Sinn Fein’s steady rise has shaken up Irish politics since McDonald took over from Gerry Adams as president in 2018, becoming its first leader unconnected to the sectarian violence in Northern Ireland known as the Troubles. Its left-leaning agenda appealed to voters struggling with a housing shortage and rising inflation. While its support is well below the start of the year, when Sinn Fein appeared on course to form a government, the exit poll and early counting shows McDonald has established Sinn Fein as an electoral force. That has major implications for Irish politics. Fianna Fail and Fine Gael led every government since the state was formed 100 years ago, and while that looks set to continue, Sinn Fein’s emergence changes the dynamic. Still, without the option of a coalition with Fine Gael or Fianna Fail, Sinn Fein has no clear route to power. That means the focus in the coming days and likely weeks will be on Fine Gael and Fianna Fail and the arrangement they come to. Early tallies suggest Fianna Fail will improve on its performance in 2020, when the party that was in power during the 2008 financial crash reentered government for the first time in almost a decade. It’s possible that it wins several more seats than Fine Gael, which would give it considerable bargaining power in coalition talks and potentially restoring Martin, who served as prime minister for almost two years as part of the job share agreement between Fianna Fail and Fine Gael last time, as Taoiseach. Any deal between Fine Gael and Fianna Fail would not be the end of the story. Even combining their support, the two parties are likely to fall short of the 88 seats needed for a majority in the 174-seat parliament. The third coalition partner last time, the Green Party, face losses — not unusual for minor parties and also reflecting trends for green parties across Europe. Tallies suggest it could lose the majority of its 12 seats. But other smaller parties are expected to make gains. The Social Democrats, whose leader Holly Cairns gave birth on election day, could pick up seats. Labour are also optimistic. Although vote counting began at 9 a.m. on Saturday, a fuller picture is not expected until Sunday. Then the negotiations will begin. ©2024 Bloomberg L.P. Visit bloomberg.com. Distributed by Tribune Content Agency, LLC.Reuben, Reuben, Reuben
Global Military Vehicle Electrification Market Forecast to Reach $12.78 Billion By 2028 With 16.4% Annual GrowthRxsight's co-president Ilya Goldshleger sells $143,078 in stock