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Germany’s economy is in deep trouble, and Volkswagen is the poster boy. VW shares are down about 67% from their 2021 peak. Earnings are down 66% over the last year. And this week 70,000 German VW workers walked off the job. They’re furious over plant closures, layoffs, and salary cuts. So, what’s the root cause of VW’s woes? For the last few years, VW has been shifting production to electric vehicles (EVs). This is largely due to EU mandates requiring all cars to be electric by 2035. At first, the government heavily subsidized EVs. And sales jumped. But now the honeymoon is over. Let’s just say the transition to “net zero” in Europe is not going well. First of all, there’s not enough energy in the grid to charge all those batteries. And the little electricity available is very expensive. Electric autos are proving to be far more expensive from start to finish. I found a comment worth sharing from one angry German reader on the Daily Mail’s coverage of the VW strike. I live in Berlin. I would estimate 90% of people here live in flats without designated parking places. Does the government seriously expect to provide fast chargers on the streets for these 90%? They just cannot admit they are wrong. EV is fine if you have a garage, but if you live in a flat forget it. The reader makes an excellent point. Most people have no place to charge an EV. Even if there was enough energy, they’d have to leave charging cables all over the roads. That copper would disappear quickly. This is one of a dozen major flaws with the mandates. The EU technocrats who pushed these policies did zero real planning. It’s just a pipe dream. They literally saw how well Tesla was doing and said to themselves “We should make everyone do that.” This was the extent of their analysis. Nord Stream and Nuclear Germany’s move into electric vehicles is only their latest stumble when it comes to energy policy. They are also shuttering all their nuclear power plants. And they stood by passively while somebody blew up the Nord Stream gas pipeline from Russia. And even though one of the lines of Nord Stream is still operable, they aren’t utilizing it. There’s dirt cheap natural gas available and they’re choosing to buy imported liquified gas which costs 4x as much. As a result, energy prices have soared. Now Germany plans to rely on solar and wind in a country with little sun and inconsistent wind. Oh yeah, they’re also relying on “green hydrogen” to power their industrial economy (spoiler alert: this will also fail). These missteps have been devastating to Germany’s industrial base. Source: Convera, Macrobond Germany is supposed to be the economic engine of Europe. And it was, until 2018. Then the climate mandates and “net zero” rules started rolling in, and it’s been straight downhill since. Lessons Learned German workers and citizens appear to be waking up to the scam. The vast majority of people don’t want EVs, and they’re becoming loud about it. A massive political shift is underway throughout Europe. The EU mandate to ban all gas-powered cars by 2035 is doomed. Regulators are already discussing allowing hybrid vehicles, and they will eventually cave on traditional combustion engines as well. The goals are utterly impossible. This type of government intervention never goes well. EVs were already growing, finding their own path to realistic adoption levels. Then EU technocrats got involved and spoiled the entire economy. You can’t force industries to do what you want. That should be the lesson here. Here in the U.S., we’re experiencing our own awakening. President Trump and his team are set to shake things up across the board. De-regulation, energy expansion, and bringing manufacturing home. In the States at least, the awakening extends far beyond economic issues. As Elon Musk recently posted on X , “Cancel culture has been canceled”. So free speech is making a comeback, too. And across the world, people are also pushing back against lax immigration policies. It’s an exciting time. We’ve been on the wrong path for so long, and it seems that’s finally changing. Who knows, maybe the EU will eventually become investable again. For now, I will continue to avoid the continent, but let’s see what happens over the next few years.3. Comfort and Fit: The ergonomic design of the Samsung Galaxy Buds3 ensures a secure and comfortable fit, even during extended listening sessions. The included ear tips come in multiple sizes to accommodate different ear shapes, helping to reduce external noise for a more immersive audio experience.
In a world where music holds the power to heal, uplift, and unite, a new and innovative musical puzzle game called "Miao Ge" has been officially launched, promising players an immersive experience like never before. Combining the art of chanting songs with the excitement of solving puzzles, "Miao Ge" is set to revolutionize the way we interact with music and storytelling in the virtual realm.The investigation, which was initiated by the European Commission's competition authorities, focuses on a clandestine deal between Google and Meta (formerly known as Facebook) that allegedly allowed the two companies to unfairly leverage their market power to control ad placements and prices. The secret ad exchange, which reportedly took place behind closed doors and away from the prying eyes of regulators, is said to have given Google and Meta an unfair advantage over other players in the digital advertising ecosystem.Liverpool's pursuit of Kessie began months ago, with the club's manager and recruitment team identifying the Ivorian midfielder as their top target to bolster their midfield. Known for his physicality, work rate, and ability to drive forward with the ball, Kessie was seen as the missing piece in Liverpool's midfield puzzle. The Reds were willing to break their transfer record to secure his services, and negotiations with AC Milan seemed to be progressing smoothly until Chelsea threw their hat into the ring.
Looking ahead, Xiaomi Automobile shows no signs of slowing down its growth momentum. With a robust pipeline of new electric vehicle models set to be launched in the coming years, the brand is poised to further increase its market share and expand its reach to new regions. By continuing to innovate and push the boundaries of electric vehicle technology, Xiaomi is well-positioned to become a dominant player in the automotive industry.In conclusion, the "Assetto Corsa" brand festival on Steam is set to be an unforgettable celebration of the passion, skill, and excitement that define the world of virtual racing. With its exclusive content, developer insights, and community engagement, the festival promises to be a one-of-a-kind event that will bring fans together in a virtual celebration of all things racing. So mark your calendars, rev your engines, and get ready for an experience that is sure to get your heart racing and adrenaline pumping. The "Assetto Corsa" brand festival on Steam is coming, and you won't want to miss a single moment of the action.
Cai Guo-Qiang's assertion that regret is the true essence of human life challenges us to embrace our mistakes and failures as integral parts of our journey. It encourages us to confront our fears and insecurities head-on, knowing that they are essential components of our growth and transformation.
To put Greenwood's achievement into perspective, let's take a look at the illustrious company he finds himself in. Zlatan Ibrahimovic, the Swedish goal-scoring machine, achieved the feat of scoring 10 goals in 14 matches in the 21st century during his time with Paris Saint-Germain. Known for his incredible goal-scoring ability and audacious personality, Ibrahimovic left an indelible mark on the French league during his time there.As the pressure on President Moon continues to mount, it remains to be seen how he will navigate the ongoing crisis. The calls for Yoon's arrest and the growing demands for Moon's resignation have cast a shadow over the future of South Korea's political landscape.
STUART, 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 TechWA man guilty of killing mum for moneyStudents evacuate Ingersoll District Collegiate Institute following fire
Here's how (and why) I'd start buying shares with £25 a week
2024 in pop culture: In a bruising year, we sought out fantasy, escapism — and cute little animalsLi Yunrui's journey to this moment has been marked by hard work, discipline, and unwavering dedication. He has pushed himself beyond his limits, striving for perfection in every aspect of his life. And now, as he stands before us, exuding a charisma and allure that is truly unmatched, we cannot help but be in awe of the man he has become.
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UnitedHealthcare CEO kept a low public profile. Then he was shot to death in New YorkPRATTVILLE, Ala. (AP) — A federal judge has ordered an Alabama city to allow an LGBTQ+ pride group to participate in the city's Christmas parade on Friday, after the mayor initially blocked the group from the annual event citing unspecified “safety concerns.” U.S. District Judge R. Austin Huffaker Jr. ruled that the City of Prattville violated Prattville Pride's First Amendment right to free speech and 14th Amendment right to equal protection under the law when it banned the group from running a float in the annual Christmas parade one day before the event was set to take place. “The City removed Prattville Pride from the parade based on its belief that certain members of the public who oppose Prattville Pride, and what is stands for, would react in a disruptive way. But discrimination based on a message’s content 'cannot be tolerated under the First Amendment,' ” Huffaker wrote in his opinion. The ruling required the city to provide at least two police officers to escort the float throughout the parade. On Thursday, Prattville Pride requested additional security measures from law enforcement. In response, Mayor Bill Gillespie Jr released a statement banning the group from the parade altogether, citing “serious safety concerns.” Huffaker's ruling said that, leading up to the event, some community members “voiced vehement opposition” to the group's inclusion in the parade, but that “the City has presented no evidence of legitimate, true threats of physical violence.” Gillespie's office referred to a statement posted on the city's social media in response to a request for comment. “The City respects the ruling of the Court and will comply with its order. The safety of everyone involved with the parade is a priority,” city officials said in a statement on social media. Prattville Pride celebrated the ruling on social media. “The Christmas parade is a cherished holiday tradition, and we are excited to celebrate alongside our neighbors and friends in the spirit of love, joy, and unity," the group wrote. Prattville is a small city of about 40,000 people, just north of the capital of Montgomery.