Stock market today: US stocks edge higher in shortened Christmas Eve trading sessionMUMBAI/BENGALURU: Global aerospace and defence industry major Airbus has picked up over 650,000 sq ft office space in a commercial tower in Bengaluru’s Whitefield through a long-term lease of 10 years to set up its global capability centre ( GCC ), supporting innovation and technology development-related strategic initiatives worldwide, said persons with direct knowledge of the development. The European multinational company will be paying rentals of over Rs 500 crore for this new office space in an entire building of Titanium Tech Park through the lease term. The deal has provision for future scalability to accommodate growth with an additional 150,000 sq ft that can be exercised after a year, taking the total space to 800,000 sq ft. The clause for lease tenure also includes an option to extend the same by an additional five years, making it a 15-year deal. “The lease deed has been signed. The total rental outgo will increase once the additional space take up is finalised. The fit-out work will commence in the next few weeks,” said one of the persons mentioned above. The lease agreement also includes a clause to escalate the rentals by 15% every three years. Artificial Intelligence(AI) Basics of Generative AI: Unveiling Tomorrow's Innovations By - Metla Sudha Sekhar, IT Specialist and Developer View Program Office Productivity Excel Essentials to Expert: Your Complete Guide By - Study At Home, Quality Education Anytime, Anywhere View Program Data Science SQL for Data Science along with Data Analytics and Data Visualization By - Metla Sudha Sekhar, IT Specialist and Developer View Program Office Productivity Mastering Google Sheets: Unleash the Power of Excel and Advance Analysis By - Metla Sudha Sekhar, IT Specialist and Developer View Program Web Development Maximizing Developer Productivity: The Pomodoro Technique in Practice By - Prince Patni, Software Developer (BI, Data Science) View Program Web Development A Comprehensive ASP.NET Core MVC 6 Project Guide for 2024 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Entrepreneurship Validating Your Startup Idea: Steps to Ensure Market Fit By - Dr. Anu Khanchandani, Startup Coach with more than 25 years of experience View Program Finance Value and Valuation Masterclass By - CA Himanshu Jain, Ex McKinsey, Moody's, and PwC, Co - founder, The WallStreet School View Program Finance A2Z Of Money By - elearnmarkets, Financial Education by StockEdge View Program Design Microsoft Designer Guide: The Ultimate AI Design Tool By - Prince Patni, Software Developer (BI, Data Science) View Program Design Canva Magic Write: Ideas to Stunning Slides in No Time By - Prince Patni, Software Developer (BI, Data Science) View Program Entrepreneurship Building Your Winning Startup Team: Key Strategies for Success By - Dr. Anu Khanchandani, Startup Coach with more than 25 years of experience View Program Web Development JavaScript Essentials: Unlock AI-Driven Insights with ChatGPT By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) ChatGPT Mastery from Zero to Hero: The Complete AI Course By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Generative AI for Dynamic Java Web Applications with ChatGPT By - Metla Sudha Sekhar, IT Specialist and Developer View Program Office Productivity Mastering Microsoft Office: Word, Excel, PowerPoint, and 365 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Master in Python Language Quickly Using the ChatGPT Open AI By - Metla Sudha Sekhar, IT Specialist and Developer View Program Entrepreneurship Boosting Startup Revenue with 6 AI-Powered Sales Automation Techniques By - Dr. Anu Khanchandani, Startup Coach with more than 25 years of experience View Program Entrepreneurship Marketing & Sales Strategies for Startups: From Concept to Conversion By - Dr. Anu Khanchandani, Startup Coach with more than 25 years of experience View Program Finance Financial Literacy i.e Lets Crack the Billionaire Code By - CA Rahul Gupta, CA with 10+ years of experience and Accounting Educator View Program Entrepreneurship From Idea to Product: A Startup Development Guide By - Dr. Anu Khanchandani, Startup Coach with more than 25 years of experience View Program Web Development Java 21 Essentials for Beginners: Build Strong Programming Foundations By - Metla Sudha Sekhar, IT Specialist and Developer View Program Data Science SQL Server Bootcamp 2024: Transform from Beginner to Pro By - Metla Sudha Sekhar, IT Specialist and Developer View Program Office Productivity Zero to Hero in Microsoft Excel: Complete Excel guide 2024 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Collaborative AI Foundations: Working Smarter with Machines By - Prince Patni, Software Developer (BI, Data Science) View Program Airbus has a strong and expanding presence in India, with significant involvement in commercial aviation, defence and aerospace manufacturing. The company operates an engineering centre in Bengaluru and has partnered with Indian suppliers like Tata Advanced Systems and HAL for components and aircraft production. India is the world's fastest growing civil aviation market and airlines such as IndiGo and Air India have ordered more than 1,000 aircraft from Airbus. It has also collaborated on defence projects like the C295 aircraft and the first 'Make in India' C295 will roll out of its Vadodara facility in September 2026. ET’s separate email queries to Airbus and the project developer Goyal & Co remained unanswered until the time of going to press. Transaction advisor JLL India declined to comment. India's office property market is experiencing a record-breaking wave of net absorption, reflecting robust demand led by GCCs and flexible spaces amid sustained expansion by global and domestic corporates. The government is already working on developing a comprehensive policy framework to introduce new incentives for GCCs. These incentives will complement state-level policies and encourage GCCs to expand into smaller towns and cities. The plan includes creating dedicated office zones in areas with space constraints to enable large-scale operations. Continued interest from various sectors, including technology and manufacturing, positions the office market for sustained growth and development in the coming years. As India remains at the forefront of global firms’ real estate plans and the domestic economy stays resilient, occupier activity is on an accelerated growth curve with an anticipated longer runway going forward as well. Nominations for ET MSME Awards are now open. The last day to apply is December 15, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award. (You can now subscribe to our Economic Times WhatsApp channel )
GRAHAM GRANT: Soft-touch justice is the SNP's stock in trade - but these risky early release plans must be thrown out immediately Click here to visit the Scotland home page for the latest news and sport By GRAHAM GRANT FOR THE SCOTTISH DAILY MAIL Published: 20:48, 25 November 2024 | Updated: 20:50, 25 November 2024 e-mail View comments In a recent moment of self-delusion worthy of The Office’s David Brent, Angela Constance described herself as a ‘fixer’. It was the sort of misguided comment, bereft of any shred of humility, that blundering manager Brent would have made in the BBC sitcom. Yet the real joke is that the Justice Secretary hasn’t fixed anything in her time in office – and the system over which she presides is in perpetual crisis. Now she has devised emergency legislation in a bid to free up space in crowded jails by letting out short-term prisoners at an even earlier point in their sentences. The Bill is being rushed through with the help of the docile Greens – the SNP ’s former partners in government – with minimal debate or scrutiny. In February next year, up to 390 prisoners including dangerous and violent criminals will be let out – but the free-for-all doesn’t stop there. The reduction in the threshold for automatic early release for those serving less than four years – from 50 to 40 per cent of their jail terms – is intended to be permanent, so that the prison population will be cut by about five per cent a year. There are also power-grab plans for ministers to allow prisoners serving longer sentences for more serious crimes to be freed early in the future. In a moment of self-delusion worthy of David Brent, Justice Secretary Angela Constance described herself as a 'fixer’ The cost to the public purse of the first batch of releases in the New Year is estimated at up to £2million. Se we will pay through the nose for the privilege of being put at even greater risk from criminals roaming the streets. It’s not as if we haven’t been down this road before. During the summer, nearly 500 criminals were freed because of overcrowding, and one in eight of them were sent back to the cells after reoffending. More than a third of those locked up again had committed violent crimes despite ministers claiming public safety had been ‘paramount’ during the early release process. Back then, jail bosses had a veto over who would be let out but that won’t apply this time, leading to warnings from campaigners that this reckless exercise will create even more victims. Of course it will – but Ms Constance isn’t listening and shows no sign of retreating as her Bill is accelerated through the Scottish parliament this week. In an extraordinary newspaper column yesterday, Teresa Medhurst, boss of the Scottish Prison Service, defended the liberation plans – under the perverse headline: ‘Why releasing prisoners early to ease overcrowding will make Scotland a safer place.’ She said no one wants former prisoners to reoffend when they’re out of jail for ‘perfectly understandable, selfish reasons’. Read More Dangerous criminals could be freed from jail without approval of prison bosses under 'appalling' SNP plans She added: ‘These are our communities that they will return to, and we want to live in peaceful environments with neighbours we can get along with.’ Is it really ‘selfish’ to want to be protected from violent thugs – or is that a right we should all have according to the terms of the ‘social contract’ the SNP talks about so much (usually when trying to justify a tax hike)? It does provide valuable insight into the mindset of the hand-wringers running the failing penal system – the same people who insist that prisoners should be called ‘people in our care’ to avoid stigmatising them. The argument is that rehabilitation will be easier when the numbers are more manageable, but that ignores the fact that a large proportion of those freed will be back in jail before long anyway. And is there really any hope of rehabilitation when inmates are allowed to lie in their beds playing game consoles, when they’re not too busy using mobile phones to keep in touch with family and friends (and criminal associates?) Dishing out mobiles was a big idea of the SNP government when Ms Constance’s predecessor, a certain Humza Yousaf, was in charge of the justice brief. That was supposed to help with rehabilitating them by making it easier to contact relatives – but to the surprise of no one (apart from the SNP) the handsets were used to commit further crimes and the entire scheme was abandoned, costing taxpayers £6million. The last people who should be lecturing us about public safety are the ministers and jail bosses who were in charge during that costly fiasco, and yet they presume to do so again – taking us all for fools. There should be complete candour and openness from Ms Constance – the self-styled ‘fixer’ of Scottish politics – about the real reason for the stepping-up of early release (but don’t expect it anytime soon). The truth is poor planning and incompetent management mean we don’t have enough prisons, so we should build more – something which the SNP has ruled out. Where it has attempted to expand the estate, it’s no great shock to learn that it has gone badly wrong. The cost of building a new prison for the Highlands and Islands is expected to exceed £200million, which is four times more than originally estimated. It should be completed by 2026 – a mere six years later than originally planned – and is billed as Scotland’s first ‘net zero’ jail. As it replaces Inverness Prison, which is more than 120 years old, rather than creating extra capacity, it’s unlikely to help tackle the overcrowding crisis – assuming it ever materialises. The SNP’s track record of building jails is about as impressive as its performance on ferries. But when it comes to prisons it’s plain there’s no appetite for constructing more of them anyway, unless it’s necessary to replace one that’s falling apart. Click here to visit the Scotland home page for the latest news and sport Advertisement Now the consequences of this institutional aversion to new prisons are clear – criminals including violent thugs will be getting out earlier than anticipated, with jail bosses having no say in whether they are actually safe to be released. Given the cushy conditions in some holiday camp jails, net zero or otherwise, quite a few of those about to regain their freedom might be keen to stay in their cells. It’s ‘selfish’ to consider your own safety, as we know, but it will be hard not to do so in February when hundreds more criminals walk out of prison gates. As for Ms Constance, she pays lip service to the concerns of victims – but they are very far down the list of priorities. Victim Support Scotland said fewer than 20 people were informed that offenders in their cases were being freed early over the summer. This time round, we’re told greater efforts will be made to tell victims what’s going on – but many of them won’t be holding their breath. Soft-touch justice is the SNP’s stock-in-trade – but this is a breathtakingly risky proposal, and one that any sane MSP should throw out without hesitation. But this is Holyrood and sanity left the building some time ago, so the likelihood is that the prison-emptying will commence within weeks. It is a disgraceful abdication of responsibility from a party which has always prized the rights of offenders over victims. The proposed mass liberation of prisoners demonstrates once more that the SNP simply isn’t fit for office – though it might well win the votes of the criminals who are about to benefit from its largesse. BBC SNP Share or comment on this article: GRAHAM GRANT: Soft-touch justice is the SNP's stock in trade - but these risky early release plans must be thrown out immediately e-mail Add comment
The Islanders had rallied twice, erasing a two-goal deficit in the first period and a one-goal deficit in the second. Yet while they didn’t have a third-period lead to blow against the Bruins, they still cost themselves the game over the final 20 minutes. So the Islanders went into Thanksgiving with the sour taste of a 6-3 loss on Wednesday night at UBS Arena to conclude a 1-2-0 homestand that ended with increasing chants of “Let’s Go Bruins” and calls for firing president/general manager Lou Lamoriello. “The crowd noise, you hear some of it,” said Brock Nelson, who scored twice as part of a three-point game. “No one in here is happy with where we’re at or the results. We all want to win and we know we have to be better.” Yet, the Bruins’ Pavel Zacha scored twice in a span of two minutes, 35 seconds in the final period to snap a 3-3 tie. He deflected defenseman Andrew Peeke’s point shot past Ilya Sorokin (15 saves) for the winner at 10:48 of the third period after defenseman Scott Mayfield bumped into his own goalie. Then a defensive miscommunication and poor stick placement allowed David Pastranak to feed Zacha from behind the net for an in-tight backhander at 13:23. Defenseman Nikita Zadorov added an empty-netter. “I guess we just found a way to lose that game, basically,” coach Patrick Roy said. “Both teams make [mistakes],” defenseman Ryan Pulock said. “You’ve got to limit them. At times, it’s too many. We need to find a way to come together and fix the problem. Right now, we’re just not finding that. I don’t think it’s mental. I just think we’ve got to bear down. You’ve got to know the situation of the game. You’ve just got to be sharp.” The Islanders (8-10-5) had lost four of their previous five games because they could not protect a third-period lead. Nelson tied the game at 3-3 by lifting a wrister from low in the left circle with 6.5 seconds left in the second period. “I feel like we’re playing good, we’re not winning,” Roy said. “I’m not stupid, I know that it’s a big part of the equation. We do a lot of good things. I’d rather focus on those things than going and saying to you all, ‘We did this bad and that bad.’” “It’s a great group and we do the best with the guys we have. I love these guys. They work hard. They're pushing. It's the team that Lou gave me and I'm going to work extremely hard for these guys.” Joonas Korpisalo made 21 saves for the Bruins (11-10-3), now 3-1-0 since Joe Sacco replaced the fired Jim Montgomery as coach. The Islanders had scored first in their previous four games yet had lost third-period leads in four of their last five games (1-3-1). The Islanders had conceded a 2-0 lead to the Bruins. Brad Marchand connected on a one-timer just 57 seconds into the first period after Elias Lindholm beat Casey Cizikas on a draw in the Islanders’ zone, then scored again at the crease at 6:31. That prompted Roy to use his timeout. “Yeah, there was some resiliency,” Kyle Palmieri said. “But, as a whole, we’ve got to keep the puck out of our net. We fought back from 2-0, not a great start. Found a way to get it tied going into the third.” Maxim Tsyplakov, who earlier in the first period lifted a backhander over the net on a wide-open look from in-tight, backhanded the puck through Korpisalo’s pads at 12:50. Nelson, coming into the Bruins’ zone with speed off a turnover, then lifted a wrister to tie it at 2-2 at 8:52 of the second period before Morgan Geekie’s one-timer from the left circle off Zacha’s cross-ice feed regained a one-goal lead for the Bruins at 11:59. Notes & quotes: The Islanders and UBS Arena distributed 200 Thanksgiving dinners to families in need prior to the game, with players, players’ wives and UBS staff members volunteering to help distribute the meals...Defenseman Grant Hutton and forward Hudson Fasching were the healthy scratches but Roy said Fasching would play on Friday afternoon in Washington...Roy briefly flip-flopped Anders Lee and Simon Holmstrom in the second period, wanting Holmstrom’s speed on the top line and Lee’s defense to help Cizikas’ third line. Andrew Gross joined Newsday in 2018 to cover the Islanders. He began reporting on the NHL in 2003 and has previously covered the Rangers and Devils. Other assignments have included the Jets, St. John’s and MLB.Bargain hunters looking to pick up a new vacuum cleaner this Black Friday do not need to wait until November 29 to make their purchase. That's because Wowcher has slashed the price of a powerful Dyson vacuum by a whopping 51%. The refurbished Dyson DC50 Multi Floor Upright Bagless Vacuum Cleaner typically retails for £249.90 but it has been slashed to £122 as part of Wowcher's massive Black Friday sale. That's an unmissable saving of almost £128. As one of Dyson's smallest upright models , the DC50 is designed for easy manoeuvring and storage, offering high performance without the bulk. It weighs just 5.4 kg but has the performance of a full-size upright. The technology inside has not simply been ‘shrunk’, but concentrated – every angle and dimension re-engineered. READ MORE: Get a Tonies Toniebox for £44 instead of £80 in limited time WH Smith deal READ MORE: Sky will give you its 'lowest ever price' if you change how you watch TV Graded as good, the Dyson vacuum cleaner will have a few signs of wear-and-tear but will be in overall good shape. "There might be a few surface marks, but it’s still aesthetically sound," Wowcher says. Functionality isn’t affected in the slightest, though - everything works perfect. The lightweight cleaner boasts Dyson's patented ball technology to overcome the steering limitations of fixed wheels. Even more of the machine’s key components are located inside the ball itself, which reduces clutter on the outside of the machine for even easier steering into difficult places. Ordinary vacuum cleaners rely on bags to trap dust and dirt and the more that you use them, the tiny holes in the bag clog with particles of dust, losing to a restriction in air flow and loss of suction over time. But the DC50 Multi Floor uses cyclone technology instead, spinning air at incredibly high speed flinging dust, dirt and pet hair straight into the bin, without the use of a bag and no loss of suction. As one of Dyson's smallest upright models, the DC50 Multi Floor offers high performance without the bulk (Image: Amazon) Other things to note is the DC50 Multi Floor's advanced brush head which adjusts automatically to different floor types, and the brush bar that contains carbon fibre filaments for removing fine dust from hard floors. Plus, the removable star tool is designed for cleaning stairs and hard to reach areas. While Wowcher's listing doesn't have any reviews as of yet, it has over 90 five-star reviews on Amazon . Giving it a glowing five stars, one shopper said: "This is brilliant, excellent suction for hard floors and carpets. It's so good to have a vacuum that can get everything done in the home." A second wrote: "Incredibly light. Very easy to manoeuvre. Good suction as expected. Does a good job of hovering up all the pet hair. Stairs are quick and easy to do now because the hoover is so light. Very quick and easy to empty and clean - a fantastic buy." Dyson's DC50 Multi Floor has a bagless design (Image: Amazon) Somebody else didn't like the Dyson's DC50 Multi Floor as much, however, giving it a three-star review. They said: "If this vacuum was £100, I would give it five stars. At full price, it fails to impress. it's made with cheap and lightweight plastic. it clogs easily, and needs to be picked up and placed directly over small objects, such as a paper clip, in order to pick it up." But another loved their latest home purchase , adding: "This is exactly what we wanted - it's light, very portable and easy to use. We were amazed at the amount of dust in our carpets when we first used it. Would highly recommend." Shark has also released its Black Friday deals, with up to £100 off its bestselling vacuums. The Deluxe Black Anti Hair Wrap Upright Vacuum Cleaner with Lift-Away, Pet Model is now £169.99 down from £269.99 and the Classic Anti Hair Wrap Upright Pet Vacuum is now £189.99. At Currys, the Bosch Unlimited Auto Detect Cordless Vacuum Cleaner is on sale with a £150 discount, now £249. Or a classic Henry Vacuum Cleaner is now £119 instead of £159.Daily Post Nigeria Trump slams Biden for commuting death sentence of 37 prisoners to life Home News Politics Metro Entertainment Sport News Trump slams Biden for commuting death sentence of 37 prisoners to life Published on December 24, 2024 By Matthew Atungwu US President-elect, Donald Trump, has blasted the incumbent president Joe Biden for commuting the sentences of almost every American federal prisoner on death row, as he prepares to replace the Democrat in the White House. DAILY POST recalls that President Biden, in his final month in office, announced that he was converting the death sentences of 37 of the 40 inmates awaiting federal execution to life without the possibility of parole. The inmates included nine people convicted of murdering fellow prisoners, four for murders committed during bank robberies and one who killed a prison guard. “Joe Biden just commuted the Death Sentence on 37 of the worst killers in our country,” Trump posted on Truth Social, his social media platform. “When you hear the acts of each, you won’t believe that he did this. Makes no sense. Relatives and friends are further devastated. They can’t believe this is happening,” Trump said. Biden had imposed a moratorium on the federal death penalty but was under pressure to act further before leaving the White House on January 20, amid signals from Republican Trump that he would resume the practice. Three men were excluded from the move: one of the 2013 Boston Marathon bombers, a gunman who murdered 11 Jewish worshippers in 2018 and a white supremacist who shot nine Black churchgoers dead in 2015. Related Topics: Biden Trump Don't Miss Anambra community shuts down town hall activities over leadership tussle You may like Amid Trump’s execution threat, Biden grants 37 death row inmates clemency Trump transfers $4bn Truth Social parent company shares to trust Elon Musk can never be U.S. president – Trump Biden signs funding bill to prevent government shutdown Biden moves to frustrate Trump’s massive deportation plan U.S: Trump-backed spending deal fails in House as shutdown approaches Advertise About Us Contact Us Privacy-Policy Terms Copyright © Daily Post Media Ltd
The third storm of the season, Storm Conall, followed just days after Storm Bert left hundreds of homes flooded and saw winds of more than 80mph. Homeowners and businesses said they “have lost everything” as flash floods and strong winds wreaked havoc during Storm Bert over the weekend. Hundreds of homes were flooded, roads were turned to rivers and winds of more than 80mph were recorded across the UK during the height of the storm. The third storm of the season – Storm Conall – followed just days after on Wednesday, bringing more heavy rain, flooding and travel disruptions to parts of southern England. Some residents and business owners have had to appeal to the public for help amid fears they will not be able to clear the devastation by Christmas. Lynn Bridgeman, who lives in a caravan park in Taunton, Somerset, said she went through an “absolutely terrifying experience” in the early hours of Sunday when strong winds caused her awning to collapse. She said: “At three o’clock in the morning, my caravan went up on one wheel and that was the most horrifying thing I have ever experienced. “I thought the caravan was going to topple over. I literally screamed. “When I got up in the morning, I couldn’t get out of the caravan because the awning had come down and the pole got pushed into the door.” Ms Bridgeman, who kept her clothes, food, and electrics in the awning, said her neighbours had to cut out what was left of the canopy to get her out of the caravan. The 53-year-old mother of three, who had already lost her home 18 months prior after deteriorating health prevented her from working, set up a GoFundMe page hoping to raise enough money to replace her lost possessions – and assist other residents of the park who have been affected by the storm. So far, £305 has been raised out of a £12,000 target. “I have lost everything,” Ms Bridgeman said. “I had everything in that awning, from my food to my clothes to my electrics. “We had been preparing for the winter and it’s all gone, and all the money that we put into it. “I just absolutely feel destroyed. Every time I open up my caravan door at the moment, I burst into tears. “Losing things that you have worked for is very hard. It’s absolutely heartbreaking, to have to stand there and just rebuild again.” She added: “Luckily, we are all family here in this site. This is why I did this GoFundMe – so hopefully I can not only help myself, but them too.” In Chippenham, Wiltshire, Becky Lyons’s business flooded in the early hours of Monday, damaging equipment and stock. The 39-year-old owner of the Pawesome Pet Shop said the water rose up to two feet and meant she was unable to get inside her shop until 2pm, when the water had come down to one foot. She said: “There was mud and silt everywhere. “The water was just high enough to catch everything on our bottom shelves and our freezer full of raw food.” Ms Lyons, who has lived in the region for 18 years, said the flooding from Storm Bert was the worst she has seen so far. “The flooding has never got that bad,” she said. “It was a perfect storm.” Staff from the neighbouring Pasty Cove in Chippenham helped clean out the damage and also set up a GoFundMe page to help Ms Lyons absorb the financial loss from the destroyed stock and equipment, raising £280 out of a £3,000 target. Thanks to this, the pet shop was able to reopen for business on Wednesday. “The community support has been amazing – I think that needs shouting out”, she said. Near Shaftesbury in Dorset, Charlotte Reynolds’ sheep sanctuary, home to 54 rescued animals, also suffered losses to Storm Bert as strong winds blew away the largest shelter and dampened £400 worth of hay bales meant for feeding the sheep. Ms Reynolds, who founded The Smallest Flock Sheep Sanctuary in 1977, said the situation has been “stressful”. “To me, the sheep are a family – my three sons have grown up with them and I want them to be safe and dry and well,” she said. A fundraiser set up to fix the damage at Ms Reynold’s sanctuary already raised over £1,600 out of a £1,750 target. “I feel relieved,” Ms Reynolds said. “Obviously as a non-profit, we fundraise to stay afloat and we can’t get what we need unless we have enough money. “As soon as we have enough, we shall purchase a new shelter.” Sir Keir Starmer told Parliament on Wednesday that MPs in communities affected by flooding after last weekend’s Storm Bert will receive “whatever they need”.Tech investors are facing a new form of disruption. This investment cohort has historically paid little attention to macroeconomics, as ever-improving product features and innovative growth strategies have driven investment returns in high tech far more than things like aggregate growth and inflation. But artificial intelligence -- and its enormous capital requirements -- are ripping up this script. The proposed spending on AI infrastructure by established tech companies in the coming years is eye-watering. In 2025 alone, big tech firms including Amazon, Microsoft, Alphabet, Meta and Apple are projected to spend over US$200 billion on capex -- almost double what they shelled out in 2021, the year before the generative AI chatbot ChatGPT debuted. The increase in capex is almost entirely due to efforts to build out generative AI capabilities. This highlights the key difference between the AI investment surge and the high-tech boom of the prior two decades: investment today is focused more on hardware than software -- and hardware is obviously more capital-intensive. If the economy slows and business prospects for these tech companies deteriorate, their executives will likely think twice about these ambitious -- and entirely discretionary -- spending plans. This complicates investors' calculations of the likely returns that can be expected from this nascent technology. In the first two decades of this century, software engineers disrupted one industry after another with business models that were nimble, scalable, and had low fixed costs. A small group of whip-smart entrepreneurs bootstrapped their start-ups, found quick success with early prototypes, and then made a series of strategic pivots. Think Amazon, Netflix, and many social media companies. Fast forward to the age of generative AI, and the storyline has changed dramatically. The new business model typically revolves around very smart, complex and expensive machines that require a tremendous amount of energy to run and often take a long time to build. For example, the Taiwanese semiconductor giant TSMC's Arizona foundry cost US$40 billion, and commercial production won't commence until 2025, four years after construction began. Importantly, investment in AI is typically expected to take years to pay back. In the meantime, many factors could negatively impact the value of AI infrastructure, including concerns related to business confidence and cost inflation, as well as regulatory hurdles and geopolitical tensions that influence where companies can do business. This means tech investors can no longer easily ignore top-down concerns. AI start-ups, unlike their counterparts in software, are also often very capital intensive, making them highly sensitive to market conditions and access to funding. Most of these young companies rely on private capital, which many venture capitalists have been eager to supply in recent years. Investments in AI and machine learning, a related field, accounted for nearly half of all VC funding in the United States in the first half of 2024. And these investments have often been enormous. In October, OpenAI raised $6.6 billion in equity capital from eight investors and another $4 billion in debt financing from nine lenders. The average size of these checks is over half a billion dollars. Checks of this size can be written at a time when the S&P 500 is hitting new record highs, the US economy is growing above trend, and inflation is heading downward. But what happens when the economy inevitably softens and public stock prices dip? Or what if the cost of capital in the US remains elevated? AI start-ups may then find it more challenging to fund their ambitious visions, which could, in turn, stall the pace of growth and innovation in the broad AI ecosystem. This, of course, could reduce demand for the AI infrastructure that big tech companies have invested hundreds of billions of dollars in. Hardware businesses also exhibit more cyclical characteristics than software. That's because they can't rely on continuous adjustments to meet shifts in customer demand, given the substantial inputs and manpower needed to create new products. Consider that $3.5 trillion-plus chipmaker Nvidia has now adopted a "one-year rhythm" for new products, doubling the speed from its previous product release cadence. This means these companies are subject to traditional inventory cycles: when demand exceeds current supply, inventory is drawn down, and prices rise, and vice versa. Hardware businesses, unlike nimble software companies, will thus struggle to scale their capacity up or down at short notice. So both the volumes and prices of hardware will typically fluctuate, subject to economic conditions. It's notable that semiconductor sales have been positively correlated with manufacturing PMIs for decades. This relationship started breaking down in 2022 as AI euphoria really took off. If historical patterns hold, this could mean the boom in global semiconductor sales is overdue for a correction. That's just one example of why tech investors may need to become as macro-aware as the rest of the investment community. Reuters Taosha Wang is a portfolio manager at Fidelity International.
Reason for Jabrill Peppers’ reinstatement comes to lightSpecialty coffee company Escape Cafe turns a new page in the company’s six-year history, taking its impeccable beans to the next level with cutting-edge roasting technology. Founded by coffee enthusiast and marketing expert David Boucher, Escape Cafe stands out in the crowded specialty coffee niche, offering customers the highest quality beans and blends roasted just right every time. With its recent in-house developments, Escape Cafe is positioned to spread its custom products globally, showcasing the complexity of coffee with the added touch of an unwavering commitment to carbon neutrality. With a heritage equally as layered as wine, coffee has only recently received similar acclaim for its complex brewing and roasting techniques, garnering attention from millions of fledgling aficionados. David Boucher, a veteran coffee fanatic of over 20+ years, is making this joy more accessible, because who doesn’t deserve a good cup of joe? Since discovering the intricacies of coffee in the early 2000s as a barista in Australia, this maverick has put his own spin on the idea of a perfectly roasted cup. However, Escape Cafe takes its commitment to specialty coffee further, infusing David’s passion for the planet within every stage of the business. From sourcing and shipping to roasting, Escape Cafe is a certified carbon-neutral company with an equally eco-friendly product offering. The forward-thinking enterprise uses compostable bags and reusable buckets and is now boasting energy-efficient equipment, too. This pledge to the planet and its residents was fueled by David’s experience in the corporate world, where profit generally comes first. “Escape Cafe is meant to set a new standard. Not just for coffee, but for how companies should operate. We’re producing amazing coffee, but we’re also working to treat people and the planet the best as we can, and we think that’s what business should be about,” David says. While the Montreal coffee pioneer strips things back to the basics with its focus on high-quality bean sourcing and flawless roasting, the company has curated an impressive catalog of blends, single-sourced products, and boxes, spanning 18 different roasts across its limited, bright, warm, and dark series. It’s no wonder why Escape Cafe has such an expansive palette: the company has been accused of having a ‘one-track mind’ solely focused on coffee. David and his team take this proudly, going against competitors’ tendency to spread themselves thin on other offerings. But make no mistake, Escape Cafe isn’t only for connoisseurs. The company welcomes novices and lifelong coffee enthusiasts into its doors at its educational flagship in Montreal. This lab is a hub for coffee-related discussions, demonstrations, and impromptu workshops. Customers can learn about coffee fundamentals, try fresh brews from an in-house single-dose grinder, and watch production cupping in action. Escape Cafe applies its arabica knowledge to private consultations as well, assisting coffee shops in discovering what distinct profile suits their stores. The company’s upcoming shift to in-house roasting will only boost these value offerings. With leading air-roasting machines now in its possession, Escape Cafe can meticulously control roast quality, increase volume, and explore a wider range of flavor profiles all while using 40% less gas per year compared to conventional drum roasting practices. Escape Cafe’s high-end beans are easily accessible across Canada, available in over 60 coffee shops and 200 supermarkets. David aims to grow this presence organically over the years, striving to become zero waste eventually. Grab a bag and find your escape today with holiday-inspired blends like Ça Bûche or the single-sourced Secret Sauce if you’re seeking a fruity-floral hybrid.
DELAWARE, Ohio, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE: GEF, GEF.B), a world leader in industrial packaging products and services, today announced fourth quarter and fiscal 2024 results. Fiscal Fourth Quarter 2024 Financial Highlights: (all results compared to the fourth quarter 2023 unless otherwise noted) Net income decreased 6.5% to $63.4 million or $1.08 per diluted Class A share compared to net income of $67.8 million or $1.16 per diluted Class A share. Net income, excluding the impact of adjustments (1) , decreased 46.4% to $49.6 million or $0.85 per diluted Class A share compared to net income, excluding the impact of adjustments, of $92.6 million or $1.59 per diluted Class A share. Adjusted EBITDA (2) decreased 2.0% to $197.6 million compared to Adjusted EBITDA of $201.6 million. Net cash provided by operating activities decreased by $16.3 million to $187.2 million. Adjusted free cash flow (3) increased by $8.5 million to $144.7 million. Fiscal Year Results Include: (all results compared to the fiscal year 2023 unless otherwise noted): Net income decreased 27.0% to $262.1 million or $4.52 per diluted Class A share compared to net income of $359.2 million or $6.15 per diluted Class A share. Net income, excluding the impact of adjustments, decreased 35.3% to $233.6 million or $4.03 per diluted Class A share compared to net income, excluding the impact of adjustments, of $361.2 million or $6.19 per diluted Class A share. Adjusted EBITDA decreased 15.6% to $694.2 million compared to Adjusted EBITDA of $822.2 million. Net cash provided by operating activities decreased by $293.5 million to $356.0 million. Adjusted free cash flow decreased by $291.4 million to $189.8 million. Total debt increased by $525.5 million to $2,740.6 million. Net debt (4) increased by $508.7 million to $2,542.9 million. The Company's leverage ratio (5) increased to 3.53x from 2.2x in the prior year quarter, and decreased from 3.64x sequentially. Strategic Actions and Announcements Hosting Investor Day on December 11, 2024, at Convene: 75 Rockefeller Plaza in New York City. Completed previously announced business model optimization project to fully leverage our core competitive advantages and facilitate accelerated growth. This operating model change will result in the following four new reportable segments beginning in the first quarter of 2025: Customized Polymer Solutions; Durable Metal Solutions; Sustainable Fiber Solutions; and Integrated Solutions. Related to our new segments, on Thursday, December 5, 2024, we will be releasing online the previous eight quarters of segment financial highlights to assist our investor community in modeling our new reportable segments. This information will be made available at our investor relations site https://investor.greif.com/ . Announcing targeted cost optimization effort to eliminate $100 million of structural costs from the business through a combination of SG&A rationalization, network optimization, and operating efficiency gains. More information on this effort will be provided at our upcoming Investor Day. Commentary from CEO Ole Rosgaard “I am pleased to report a solid fourth quarter and full year 2024 result, particularly in light of the continuation of this extended period of industrial contraction. While managing the business for the present, we also made significant strides under our Build to Last strategy towards the future, and our executive team and I look forward to sharing more information at our Investor Day next week. Our investors can expect an interactive and engaging half day session, and we highly encourage your in-person attendance as we look forward to 2025 and beyond.” Build to Last Mission Progress Recently completed our fourteenth wave NPS (6) survey, receiving feedback from nearly five thousand customers globally for a net score of 69, recognized as a world-class score within the manufacturing industry. At our upcoming Investor Day, we plan to further discuss the powerful correlation between NPS, an indicator of our Legendary Customer Service, and financial performance. We thank our customers for their continued feedback, which is critical in helping us achieve our vision to be the best performing customer service company in the world, and we are proud to continue to earn positive feedback from our customers throughout a difficult global operating environment. Note: A reconciliation of the differences between all non-GAAP financial measures used in this release with the most directly comparable GAAP financial measures is included in the financial schedules that are a part of this release. These non-GAAP financial measures are intended to supplement, and should be read together with, our financial results. They should not be considered an alternative or substitute for, and should not be considered superior to, our reported financial results. Accordingly, users of this financial information should not place undue reliance on these non-GAAP financial measures. Segment Results (all results compared to the fourth quarter of 2023 unless otherwise noted) Net sales are impacted mainly by the volume of primary products (7) sold, selling prices, product mix and the impact of changes in foreign currencies against the U.S. dollar. The table below shows the percentage impact of each of these items on net sales for our primary products for the fourth quarter of 2024 as compared to the prior year quarter for the business segments with manufacturing operations. Net sales from completed acquisitions of Reliance Products Ltd. (“Reliance”) and Ipackchem Group SAS ("Ipackchem") primary products are not included in the table below, but will be included in their respective segments starting in the fiscal first quarter of 2025 for Reliance and fiscal third quarter of 2025 for Ipackchem. Global Industrial Packaging Net sales increased by $65.9 million to $786.9 million primarily due to contributions from recent acquisitions and higher volumes. Gross profit increased by $12.6 million to $167.0 million due to the same factors that impacted net sales, partially offset by higher raw material, labor and manufacturing costs. Operating profit decreased by $0.1 million to $75.0 million primarily due to higher SG&A expenses from recent acquisitions, offset by the same factors that impacted gross profit. Adjusted EBITDA increased by $4.0 million to $109.4 million primarily due to the same factors that impacted gross profit, partially offset by higher SG&A expenses from recent acquisitions. Paper Packaging & Services Net sales increased by $42.9 million to $624.5 million primarily due to higher average selling prices as a result of higher published containerboard and boxboard prices. Gross profit decreased by $0.1 million to $118.7 million primarily due to higher raw material and labor costs, offset by the same factors that impacted net sales. Operating profit increased by $13.4 million to $48.7 million primarily due to lower non-cash impairment charges and restructuring charges related to optimizing and rationalizing operations in the prior year, partially offset by the same factors that impacted gross profit and higher SG&A expenses related to higher health, medical, incentive and pension expenses. Adjusted EBITDA decreased by $8.4 million to $85.3 million primarily due to the same factors that impacted gross profit and higher SG&A expenses related to higher health, medical, incentive and pension expenses. Tax Summary During the fourth quarter, we recorded an income tax rate of 21.8 percent and a tax rate excluding the impact of adjustments of 39.6 percent. Note that the application of accounting for income taxes often causes fluctuations in our quarterly effective tax rates. For the full year, we recorded an income tax rate of 10.6 percent and a tax rate excluding the impact of adjustments of 12.8 percent. Dividend Summary On December 3, 2024, the Board of Directors declared quarterly cash dividends of $0.54 per share of Class A Common Stock and $0.80 per share of Class B Common Stock. Dividends are payable on January 1, 2025, to stockholders of record at the close of business on December 16, 2024. Company Outlook Our markets have now experienced a multi-year period of industrial contraction, and we have not identified any compelling demand inflection on the horizon, despite slightly improved year over year volumes. While we believe we are well positioned for an eventual recovery of the industrial economy, at this time we believe it is appropriate to provide only low-end guidance based on the continuation of demand trends reflected in the past year, current price/cost factors in Paper Packaging and Services, and other identifiable discrete items which we will discuss during our fourth quarter earnings release call. Call-in details are provided below. Note: Fiscal 2025 net income guidance, the most directly comparable GAAP financial measure to Adjusted EBITDA, is not provided in this release due to the potential for one or more of the following, the timing and magnitude of which we are unable to reliably forecast: gains or losses on the disposal of businesses or properties, plants and equipment, net; non-cash asset impairment charges due to unanticipated changes in the business; restructuring-related activities; acquisition and integration related costs; and ongoing initiatives under our Build to Last strategy. No reconciliation of the 2025 low-end guidance estimate of Adjusted EBITDA, a non-GAAP financial measure which excludes restructuring charges, acquisition and integration related costs, non-cash asset impairment charges, and (gain) loss on the disposal of properties, plants and equipment, (gain) loss on the disposal of businesses, net, and other costs, is included in this release because, due to the high variability and difficulty in making accurate forecasts and projections of some of the excluded information, together with some of the excluded information not being ascertainable or accessible, we are unable to quantify certain amounts that would be required to be included in net income, the most directly comparable GAAP financial measure, without unreasonable efforts. A reconciliation of 2025 low-end guidance estimate of adjusted free cash flow to fiscal 2025 forecasted net cash provided by operating activities, the most directly comparable GAAP financial measure, is included in this release. Conference Call The Company will host a conference call to discuss the fourth quarter and fiscal 2024 results on December 5, 2024, at 8:30 a.m. Eastern Time (ET). Participants may access the call using the following online registration link: https://register.vevent.com/register/BId6a2105d615e45438d7c615c6b1ce4d5 . Registrants will receive a confirmation email containing dial in details and a unique conference call code for entry. Phone lines will open at 8:00 a.m. ET on December 5, 2024. A digital replay of the conference call will be available two hours following the call on the Company's web site at http://inv estor .greif.com . Investor Relations contact information Bill D’Onofrio, Vice President, Corporate Development & Investor Relations, 614-499-7233. Bill.Donofrio@greif.com About Greif Greif is a global leader in industrial packaging products and services and is pursuing its vision: to be the best performing customer service company in the world. The Company produces steel, plastic and fibre drums, intermediate bulk containers, reconditioned containers, jerrycans and other small plastics, containerboard, uncoated recycled paperboard, coated recycled paperboard, tubes and cores and a diverse mix of specialty products. The Company also manufactures packaging accessories and provides other services for a wide range of industries. In addition, the Company manages timber properties in the southeastern United States. The Company is strategically positioned in over 35 countries to serve global as well as regional customers. Additional information is on the Company's website at www.greif.com . Forward-Looking Statements This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “aspiration,” “objective,” “project,” “believe,” “continue,” “on track” or “target” or the negative thereof and similar expressions, among others, identify forward-looking statements. All forward-looking statements are based on assumptions, expectations and other information currently available to management. Although the Company believes that the expectations reflected in forward-looking statements have a reasonable basis, the Company can give no assurance that these expectations will prove to be correct. Such forward-looking statements are subject to certain risks and uncertainties that could cause the Company’s actual results to differ materially from those forecasted, projected or anticipated, whether expressed or implied. Such risks and uncertainties that might cause a difference include, but are not limited to, the following: (i) historically, our business has been sensitive to changes in general economic or business conditions, (ii) our global operations subject us to political risks, instability and currency exchange that could adversely affect our results of operations, (iii) the current and future challenging global economy and disruption and volatility of the financial and credit markets may adversely affect our business, (iv) the continuing consolidation of our customer base and suppliers may intensify pricing pressure, (v) we operate in highly competitive industries, (vi) our business is sensitive to changes in industry demands and customer preferences, (vii) raw material shortages, price fluctuations, global supply chain disruptions and increased inflation may adversely impact our results of operations, (viii) energy and transportation price fluctuations and shortages may adversely impact our manufacturing operations and costs, (ix) we may encounter difficulties or liabilities arising from acquisitions or divestitures, (x) we may incur additional rationalization costs and there is no guarantee that our efforts to reduce costs will be successful, (xi) several operations are conducted by joint ventures that we cannot operate solely for our benefit, (xii) certain of the agreements that govern our joint ventures provide our partners with put or call options, (xiii) our ability to attract, develop and retain talented and qualified employees, managers and executives is critical to our success, (xiv) our business may be adversely impacted by work stoppages and other labor relations matters, (xv) we may be subject to losses that might not be covered in whole or in part by existing insurance reserves or insurance coverage and general insurance premium and deductible increases, (xvi) our business depends on the uninterrupted operations of our facilities, systems and business functions, including our information technology and other business systems, (xvii) a cyber-attack, security breach of customer, employee, supplier or Company information and data privacy risks and costs of compliance with new regulations may have a material adverse effect on our business, financial condition, results of operations and cash flows, (xviii) we could be subject to changes in our tax rates, the adoption of new U.S. or foreign tax legislation or exposure to additional tax liabilities, (xix) we have a significant amount of goodwill and long-lived assets which, if impaired in the future, would adversely impact our results of operations, (xx) changing climate, global climate change regulations and greenhouse gas effects may adversely affect our operations and financial performance, (xxi) we may be unable to achieve our greenhouse gas emission reduction target by 2030, (xxii) legislation/regulation related to environmental and health and safety matters could negatively impact our operations and financial performance, (xxiii) product liability claims and other legal proceedings could adversely affect our operations and financial performance, and (xxiv) we may incur fines or penalties, damage to our reputation or other adverse consequences if our employees, agents or business partners violate, or are alleged to have violated, anti-bribery, competition or other laws. The risks described above are not all-inclusive, and given these and other possible risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. For a detailed discussion of the most significant risks and uncertainties that could cause our actual results to differ materially from those forecasted, projected or anticipated, see “Risk Factors” in Part I, Item 1A of our most recently filed Form 10-K and our other filings with the Securities and Exchange Commission. All forward-looking statements made in this news release are expressly qualified in their entirety by reference to such risk factors. Except to the limited extent required by applicable law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. (8) EBITDA is defined as net income, plus interest expense, net, plus income tax (benefit) expense, plus depreciation, depletion and amortization. However, because the Company does not calculate net income by segment, this table calculates EBITDA by segment with reference to operating profit by segment, which, as demonstrated in the table of Consolidated EBITDA, is another method to achieve the same result. See the reconciliations in the table of Segment EBITDA. (9) Adjusted EBITDA is defined as net income, plus interest expense, net, plus income tax (benefit) expense, plus depreciation, depletion and amortization expense, plus acquisition and integration related costs, plus restructuring charges, plus non-cash asset impairment charges, plus non-cash pension settlement charges, plus gain (loss) on disposal of properties, plants and equipment, (gain) loss on disposal of businesses, net, plus other costs. (10) Adjusted EBITDA is defined as net income, plus interest expense, net, plus income tax (benefit) expense, plus depreciation, depletion and amortization expense, plus acquisition and integration related costs, plus restructuring charges, plus non-cash asset impairment charges, plus non-cash pension settlement charges, plus (gain) loss on disposal of properties, plants and equipment, plus (gain) loss on disposal of businesses, net, plus other costs. However, because the Company does not calculate net income by segment, this table calculates adjusted EBITDA by segment with reference to operating profit by segment, which, as demonstrated in the table of consolidated adjusted EBITDA, is another method to achieve the same result. (11) Adjusted free cash flow is defined as net cash provided by operating activities, less cash paid for purchases of properties, plants and equipment, plus cash paid for acquisition and integration related costs, net, plus cash paid for integration related ERP systems and equipment, plus cash paid for taxes related to Tama, Iowa mill divestment, plus cash paid for fiscal year-end change costs. (12) Cash paid for integration related ERP systems and equipment is defined as cash paid for ERP systems and equipment required to bring the acquired facilities to Greif’s standards. The impact of income tax (benefit) expense and noncontrolling interest on each adjustment is calculated based on tax rates and ownership percentages specific to each applicable entity. (13) Adjustments to EBITDA are specified by the 2022 Credit Agreement and include certain timberland gains, equity earnings of unconsolidated affiliates, net of tax, certain acquisition savings, deferred financing costs, capitalized interest, income and expense in connection with asset dispositions, and other items. (14) Adjustments to net debt are specified by the 2022 Credit Agreement and include the European accounts receivable program, letters of credit, and balances for swap contracts. (15) Leverage ratio is defined as Credit Agreement adjusted net debt divided by Credit Agreement adjusted EBITDA. The following table presents net sales by reportable segments and geographic operating segments, depreciation, depletion and amortization expenses by reportable segments, and capital expenditures by reportable segments for fiscal years 2024 and 2023. The following information is unaudited:Minecraft 1.22: Crafting Reality! Dive into the FutureContent creator Andrew "Big Boom AJ" Befumo didn't let an injury stop him from performing in a match against AEW wrestler Q.T. Marshall at AEW Full Gear in New Jersey on Saturday night. According to Sean Ross Sapp of Fightful Select, Befumo suffered a broken foot before his match with Marshall but kept it quiet and still worked the match, where he got a victory alongside his 11-year-old son, Big Justice, and viral sensation The Rizzler. Sapp noted that Befumo was seen walking on crutches after the event, and it was initially believed that he suffered the injury during the match. According to ESPN's Arda Orcal , Befumo previously worked as an independent professional wrestler under the name "the American Powerchild Eric Justice." When asked during the Full Gear post-show media scrum if he would wrestle again, Befumo said, "I love it here [in AEW]. I loved every minute of this. If I'm welcomed back, I'm going to be back, and I'm going to bring the Boom!" The Costco Guys have over 2.3 million followers on TikTok. Their appearance on AEW Dynamite has garnered 10.8 million views on social media.
None"Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum." Section 1.10.32 of "de Finibus Bonorum et Malorum", written by Cicero in 45 BC "Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt ut labore et dolore magnam aliquam quaerat voluptatem. Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam, nisi ut aliquid ex ea commodi consequatur? Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum fugiat quo voluptas nulla pariatur?" 1914 translation by H. Rackham "But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful. Nor again is there anyone who loves or pursues or desires to obtain pain of itself, because it is pain, but because occasionally circumstances occur in which toil and pain can procure him some great pleasure. To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage from it? But who has any right to find fault with a man who chooses to enjoy a pleasure that has no annoying consequences, or one who avoids a pain that produces no resultant pleasure?" 1914 translation by H. Rackham "But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful. Nor again is there anyone who loves or pursues or desires to obtain pain of itself, because it is pain, but because occasionally circumstances occur in which toil and pain can procure him some great pleasure. To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage from it? But who has any right to find fault with a man who chooses to enjoy a pleasure that has no annoying consequences, or one who avoids a pain that produces no resultant pleasure?" Thanks for your interest in Kalkine Media's content! To continue reading, please log in to your account or create your free account with us.