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Constricted Pipeline for New Deliveries Means No New Wave to Maintain Equilibrium , /PRNewswire/ -- A widening supply and demand imbalance for apartments across the U.S. will drive national annual year-over-year (YOY) Class A multifamily rent growth up 2.4% by , with rates in markets such as , , , , , and increasing between 4.0% and 5.7%. In its , proprietary suite of machine learning models, is also forecasting YOY Class A rent growth gains in the West, Northeast and Southeast regions of the country at or above the 3% historical national average. The Southwest region is an outlier where YOY rent growth is predicted to be only 0.2%. "We're seeing record delivery of new product, the result of unprecedented new development that broke ground three plus years ago, when interest rates were at their lowest," said , co-CEO, Origin Investments. "But that tremendous wave of deliveries isn't being replaced. In the absence of the next wave, I see a world where rents continue escalating in the next one, two, three and maybe even four years." In the Multilytics report, Origin's five-year compounded annual growth rate (CAGR) for rents in the 15 cities where it invests and/or owns and manages multifamily assets all are greater than 4.0%, and ranges from 4.2% in to 5.7% in . Newmark projects the number of expected deliveries in 2024 to be approximately 600,000. However, the pipeline of deliveries is expected to fall precipitously, by 15.2% in 2025 and 53.8% in 2026. Demand for units, especially in growth markets around the country, isn't expected to change, with absorption keeping pace with mew deliveries. At the market level, Origin is predicting rent growth in 15 targeted markets where the firm continues to evaluate future potential developments or acquisitions. According to Multilytics, by all but three of Origin's target markets will return to positive growth, with , and lingering in the negative. However, by , all markets will return to positive territory, with seven markets topping 4% and six increasing by at least 3%. Two markets will have rent growth from 1.5% to 2.0%. The Origin markets experiencing the greatest YOY annual rent growth for Class A apartments are , 5.6%; , 5.6%; , 4.6%; , 4.4%; and , 4.4%. The two markets with rent growth lower than 2% are , 1.7% and , 1.6%. In other significant national and regional markets across the country, Origin projects that YOY Class A apartment growth will exceed 4.0% in (4.3%) and (4.4%); meet or exceed 3.0% in (3.0%), (3.0%) and (3.1%), and exceed 2.5% in (2.6%) and (2.8%). Multifamily market dynamics will produce a sharp contrast in YOY rent growth among some markets between and . In , for example, YOY rent growth in is projected at -2.6%, but in it is projected to increase to 1.6%. Other markets with significant discrepancies include , at -2.1% rent growth in mid-2025 but projected at 1.7% by . , too, will have a nice turnaround, from -0.4% at mid-year to 3.1% by . According to the Origin report, three of the top five market reporting the most dramatic contrasts are in : , 4.2%; , 3.4%; and , 3.3%. In , the contrast from mid-year 2025 to the beginning of 2026 was only 1.0%. "From an investment perspective, I believe we are at the beginning of a pretty significant bull cycle for rents," Scherer said. "At this point, it will take an exogenous shock to bring it back on the supply side." , Data Scientist, Origin Investments, identified a deep recession and meaningful decline in homeownership costs as two exogenous shocks that could significantly alter the record pace of absorption. In a recession, household formation would fall because instead of renting an apartment, individuals tend to move back home or take on one or more roommates who otherwise would be renting apartments themselves. He also noted markets where it could be as much as 40% to 50% more expensive to buy than rent. "The combination of a pricing reset and a significant reduction in mortgage rates isn't likely to occur quickly enough to make a meaningful difference in the cost of renting versus buying," he said. "As a result, we are increasingly becoming a nation of renters." Last year, for a return to normalized rent growth was tempered by looming unquantifiable market risks. Despite a changed landscape, and in the presence of a transitioning political picture, unquantifiable risks remain a concern. The Origin report says it's too early to predict what a new administration will do in 2025 and beyond. President-elect proposals to increase tariffs are likely to lead to higher interest rates and rising inflation. Other proposals could spur job creation. His goal to keep interest rates low to may be hampered by higher material costs, which could make new construction deals more difficult. Founded in 2007, Origin Investments is a private real estate manager that helps high-net-worth investors, family offices and registered investment advisors grow and preserve wealth by providing tax-efficient real estate solutions through private funds. We build, buy and finance multifamily real estate projects in fast-growing markets throughout the U.S. In 2023, we founded affiliate firm Origin Credit Advisers, an SEC-registered investment adviser that provides yield-focused multifamily debt investments for qualified purchasers. SEC registration does not constitute an endorsement by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability. Through our Origin Exchange platform, introduced in 2024, investors can complete a 1031 exchange of their properties for professionally managed, institutional-quality assets. To learn more, visit . View original content to download multimedia: SOURCE Origin InvestmentsNone
Dylan Hernández: MLS deal with Apple TV could be hurting league's efforts to grow its fan baseReport: NFL warns players of burglary rings targeting pro athletesBuilding larger schools could save taxpayers up to $1.5 billion as Victoria is projected to need almost 1000 new kindergartens and government schools in the next decade to keep up with demand. or signup to continue reading The state will need about 900 new kindergartens, 60 new government schools and 20 per cent more space for TAFE by 2036, according to Infrastructure Victoria's Learning for Life report. While private and not-for-profit providers can meet some of the need for kindergartens, Infrastructure Victoria said the government must step up to fill in investment gaps. The north, west and southeast growth areas of Melbourne would benefit the most from this investment. Victoria will need 138,000 more kindergarten places by 2036 and that could cost up to $17 billion if the government delivers all 900 new facilities for three- to four-year-olds. But depending on the level of private investment, this could cost between $6.1 billion to $11 billion. Most demand for government schools will be in Melbourne's fast-growing communities with an estimated 10,000 to 17,000 enrolments by 2036 in Wyndham and Melton in the west, Whittlesea in the north and Casey in the southeast. The state should also expand existing schools in Melbourne's inner and middle suburbs and begin new education deliveries by 2030, Infrastructure Victoria chief executive Jonathan Spear said. "Our modelling shows the best way to deliver the schools we will need beyond 2026 is to build larger new schools and expand existing schools where there is land to do so," he said. Building larger new schools could cost $5.9 billion, a saving of $1.5 billion, compared with the government's historical approach to delivering school infrastructure. Strong demands for TAFE will require the government to find an extra 125,000 square metres, or 20 per cent, of space by 2030 for Melbourne's west, north and southeast growth areas. DAILY Today's top stories curated by our news team. WEEKDAYS Grab a quick bite of today's latest news from around the region and the nation. WEEKLY The latest news, results & expert analysis. WEEKDAYS Catch up on the news of the day and unwind with great reading for your evening. WEEKLY Get the editor's insights: what's happening & why it matters. WEEKLY Love footy? We've got all the action covered. WEEKLY Every Saturday and Tuesday, explore destinations deals, tips & travel writing to transport you around the globe. WEEKLY Going out or staying in? Find out what's on. WEEKDAYS Sharp. Close to the ground. Digging deep. Your weekday morning newsletter on national affairs, politics and more. TWICE WEEKLY Your essential national news digest: all the big issues on Wednesday and great reading every Saturday. WEEKLY Get news, reviews and expert insights every Thursday from CarExpert, ACM's exclusive motoring partner. TWICE WEEKLY Get real, Australia! Let the ACM network's editors and journalists bring you news and views from all over. AS IT HAPPENS Be the first to know when news breaks. DAILY Your digital replica of Today's Paper. Ready to read from 5am! DAILY Test your skills with interactive crosswords, sudoku & trivia. Fresh daily! Advertisement Advertisement
The team that President-elect Donald Trump has selected to lead federal health agencies in his second administration includes a retired congressman, a surgeon and a former talk-show host. All could play pivotal roles in fulfilling a political agenda that could change how the government goes about safeguarding Americans' health — from health care and medicines to food safety and science research. In line to lead the Department of Health and Human Services secretary is environmental lawyer and anti-vaccine organizer Robert F. Kennedy Jr. Trump's choices don't have experience running large bureaucratic agencies, but they know how to talk about health on TV . Centers for Medicare and Medicaid pick Dr. Mehmet Oz hosted a talk show for 13 years and is a well-known wellness and lifestyle influencer. The pick for the Food and Drug Administration, Dr. Marty Makary, and for surgeon general, Dr. Janette Nesheiwat, are frequent Fox News contributors. Many on the list were critical of COVID-19 measures like masking and booster vaccinations for young people. Some of them have ties to Florida like many of Trump's other Cabinet nominees: Dave Weldon , the pick for the Centers for Disease Control and Prevention, represented the state in Congress for 14 years and is affiliated with a medical group on the state's Atlantic coast. Nesheiwat's brother-in-law is Rep. Mike Waltz , R-Fla., tapped by Trump as national security adviser. Here's a look at the nominees' potential role in carrying out what Kennedy says is the task to “reorganize” agencies, which have an overall $1.7 billion budget, employ 80,000 scientists, researchers, doctors and other officials, and effect Americans' daily lives: Centers for Disease Control and Prevention The Atlanta-based CDC, with a $9.2 billion core budget, is charged with protecting Americans from disease outbreaks and other public health threats. Kennedy has long attacked vaccines and criticized the CDC, repeatedly alleging corruption at the agency. He said on a 2023 podcast that there is "no vaccine that is safe and effective,” and urged people to resist the CDC's guidelines on if and when kids should get vaccinated . Decades ago, Kennedy found common ground with Weldon , 71, who served in the Army and worked as an internal medicine doctor before he represented a central Florida congressional district from 1995 to 2009. READ: Starting in the early 2000s, Weldon had a prominent part in a debate about whether there was a relationship between a vaccine preservative called thimerosal and autism. He was a founding member of the Congressional Autism Caucus and tried to ban thimerosal from all vaccines. Kennedy, then a senior attorney for the Natural Resources Defense Council, believed there was a tie between thimerosal and autism and also charged that the government hid documents showing the danger. Since 2001, all vaccines manufactured for the U.S. market and routinely recommended for children 6 years or younger have contained no thimerosal or only trace amounts, with the exception of inactivated influenza vaccine. Meanwhile, study after study after study found no evidence that thimerosal caused autism. Weldon's congressional voting record suggests he may go along with Republican efforts to downsize the CDC, including to eliminate the National Center for Injury Prevention and Control, which works on topics like drownings, drug overdoses and shooting deaths. Weldon also voted to ban federal funding for needle-exchange programs as an approach to reduce overdoses, and the National Rifle Association gave him an “A” rating for his pro-gun rights voting record. Food and Drug Administration Kennedy is extremely critical of the FDA, which has 18,000 employees and is responsible for the safety and effectiveness of prescription drugs, vaccines and other medical products, as well as overseeing cosmetics, electronic cigarettes and most foods. Makary, Trump’s pick to run the FDA, is closely aligned with Kennedy on several topics . The professor at Johns Hopkins University who is a trained surgeon and cancer specialist has decried the overprescribing of drugs, the use of pesticides on foods and the undue influence of pharmaceutical and insurance companies over doctors and government regulators. Kennedy has suggested he'll clear our “entire” FDA departments and also recently threatened to fire FDA employees for “aggressive suppression” of a host of unsubstantiated products and therapies, including stem cells, raw milk , psychedelics and discredited COVID-era treatments like ivermectin and hydroxychloroquine. Makary's contrarian views during the COVID-19 pandemic included questioning the need for masking and giving young kids COVID-19 vaccine boosters. But anything Makary and Kennedy might want to do when it comes to unwinding FDA regulations or revoking long-standing vaccine and drug approvals would be challenging. The agency has lengthy requirements for removing medicines from the market, which are based on federal laws passed by Congress. Centers for Medicaid and Medicare Services The agency provides health care coverage for more than 160 million people through Medicaid, Medicare and the Affordable Care Act, and also sets Medicare payment rates for hospitals, doctors and other providers. With a $1.1 trillion budget and more than 6,000 employees, Oz has a massive agency to run if confirmed — and an agency that Kennedy hasn't talked about much when it comes to his plans. While Trump tried to scrap the Affordable Care Act in his first term, Kennedy has not taken aim at it yet. But he has been critical of Medicaid and Medicare for covering expensive weight-loss drugs — though they're not widely covered by either . Trump said during his campaign that he would protect Medicare, which provides insurance for older Americans. Oz has endorsed expanding Medicare Advantage — a privately run version of Medicare that is popular but also a source of widespread fraud — in an AARP questionnaire during his failed 2022 bid for a U.S. Senate seat in Pennsylvania and in a 2020 Forbes op-ed with a former Kaiser Permanente CEO. Oz also said in a Washington Examiner op-ed with three co-writers that aging healthier and living longer could help fix the U.S. budget deficit because people would work longer and add more to the gross domestic product. Neither Trump nor Kennedy have said much about Medicaid, the insurance program for low-income Americans. Trump's first administration reshaped the program by allowing states to introduce work requirements for recipients. Surgeon general Kennedy doesn't appear to have said much publicly about what he'd like to see from surgeon general position, which is the nation's top doctor and oversees 6,000 U.S. Public Health Service Corps members. The surgeon general has little administrative power, but can be an influential government spokesperson on what counts as a public health danger and what to do about it — suggesting things like warning labels for products and issuing advisories. The current surgeon general, Vivek Murthy, declared gun violence as a public health crisis in June. Trump's pick, Nesheiwat, is employed as a New York City medical director with CityMD, a group of urgent care facilities in the New York and New Jersey area, and has been at City MD for 12 years. She also has appeared on Fox News and other TV shows, authored a book on the “transformative power of prayer” in her medical career and endorses a brand of vitamin supplements. She encouraged COVID-19 vaccines during the pandemic, calling them “a gift from God” in a February 2021 Fox News op-ed, as well as anti-viral pills like Paxlovid. In a 2019 Q&A with the Women in Medicine Legacy Foundation , Nesheiwat said she is a “firm believer in preventive medicine” and “can give a dissertation on hand-washing alone.” National Institutes of Health As of Saturday, Trump had not yet named his choice to lead the National Institutes of Health, which funds medical research through grants to researchers across the nation and conducts its own research. It has a $48 billion budget. Kennedy has said he'd pause drug development and infectious disease research to shift the focus to chronic diseases. He'd like to keep NIH funding from researchers with conflicts of interest, and criticized the agency in 2017 for what he said was not doing enough research into the role of vaccines in autism — an idea that has long been debunked . ___ Associated Press writers Amanda Seitz and Matt Perrone and AP editor Erica Hunzinger contributed to this report. ___ The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Science and Educational Media Group and the Robert Wood Johnson Foundation. The AP is solely responsible for all content. Copyright 2024 The Associated Press . All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Illinois St. 84, UAB 83The Sydney service station offering petrol for under $1 per litre
FIBRA Prologis announces successful settlement of its Tender Offer for Terrafina (TERRA 13)
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Who is Luigi Mangione? Everything we know about 26-year-old linked to UnitedHealthCare CEO shootingSuspended Bev Priestman makes first public comments in wake of drone-spying scandalPHILADELPHIA (AP) — Cole Hargrove's 17 points helped Drexel defeat Pennsylvania 60-47 on Saturday. Hargrove also contributed 13 rebounds and three blocks for the Dragons (6-4). Kobe Magee scored 12 points while shooting 4 for 12 (0 for 3 from 3-point range) and 4 of 4 from the free-throw line and added five rebounds. Yame Butler had 10 points and shot 4 of 7 from the field and 2 of 4 from the free-throw line. Nick Spinoso led the Quakers (3-6) in scoring, finishing with 21 points, seven rebounds and two steals. Ethan Roberts added 11 points for Pennsylvania. Sam Brown had eight points. Drexel got a team-high six points across the first half from Hargrove, but it was only enough to head to the locker room with the score tied at the half 30-30. Drexel took a 10-point lead in the second half thanks to a 16-2 scoring run. Hargrove led their club in second-half scoring with 11 points. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .LUKE LITTLER left Ritchie Edhouse applauding him after he pulled off a genius moment in the Players Championship. The darts sensation was taking on Edhouse in the finals of the tournament and was in great form yet again. Littler , 17, won the tie 6-2 in a crushing defeat to his opponent. The teenager managed to hit an incredible six 180s and averaged 105.3 throughout the game. He also missed a double 12 to complete a nine-darter in the match. But it was his checkout in the fifth leg that saw Edhouse step back and applaud. With 120 left to go, Littler hit a 20 and then two bulls-eyes in a row to win the leg. Cameras caught Edhouse's astonished reaction as he paid respect to the impressive youngster. Fans were also left amazed by Littler's continued flashes of brilliance at the oche on social media. One posted: "Double bullseye. Littler is insane." CASINO SPECIAL - BEST CASINO WELCOME OFFERS A second wrote: "That is outrageous from Luke Littler!" A third commented: "The Nuke is something else." LUKE LITTLER has taken the darts world by storm since exploding onto the scene at the PDC World Championship at the beginning of the year. The Nuke reached the final on his Ally Pally debut at just 16 years of age - smashing records along the way. He has then gone on to win a host of PDC events and the Premier League title - which he claimed at the O2 Arena by beating world champion Luke Humphries in May . He also finished his first season in the World Series as the No1 ranked player . He has joined Jude Bellingham on the Forbes 30 Under 30 Europe list . And the teenage titan even had to snub an invite from the WWE. The Sun exclusively revealed that Littler is plotting to create a fitness empire. He is also cashing in away from the Oche thanks to an Instagram side hustle. And he's even the face of a brand new cereal. But he is newly single after splitting from girlfriend Eloise Milburn following a 10-month relationship. Check out all of our latest Luke Littler stories . A fourth said: "What a geeza man." Another added: "Luke Littler just took out 120 going 20, Bull, Bull. Filthy." Meanwhile, the tournament has not been a success for Chris Dobey. The ace was defeated by Nathan Aspinall 6-2 on Friday evening. He took to social media to apologise to his fans f or the "s*** show" he put on . BELOW is a list of Darts world champions by year. The list does not include winners from the pre-Professional Darts Corporation (PDC) era or BDO world champions. That means Raymond van Barneveld, for example, is only listed once - Barney also won four BDO titles - and none of Eric Bristow's five BDO titles are included. Most World Titles
Tweet Facebook Mail US President-elect Donald Trump and the head of NATO have met for talks on global security, the military alliance said on Saturday. In a brief statement, NATO said Trump and its secretary general, Mark Rutte, met on Friday in Palm Beach, Florida. "They discussed the range of global security issues facing the Alliance," the statement said without giving details. READ MORE: Shots fired after police car allegedly rammed outside Melbourne shop US President-elect Donald Trump speaking with Dutch Prime Minister Mark Rutte in 2019. (AP Photo/Alex Brandon,) It appeared to be Rutte's first meeting with Trump since his November 5 election. Rutte had previously congratulated Trump and said "his leadership will again be key to keeping our Alliance strong" and that he looked forward to working with him. Trump has for years expressed skepticism about the Western alliance and complained about the defense spending of many of its member nations, which he regarded as too low. READ MORE: Fears of underworld retaliation after deadly Surry Hills shooting Trump picks hedge fund billionaire as treasury secretary View Gallery He depicted NATO allies as leeches on the US military and openly questioned the value of the alliance that has defined American foreign policy for decades. He threatened not to defend NATO members that fail to meet defense-spending goals. Rutte and his team also met Trump's pick as national security adviser, US Rep. Michael Waltz, and other members of the president-elect's national security team, the NATO statement said. Rutte took over at the helm of NATO in October. DOWNLOAD THE 9NEWS APP : Stay across all the latest in breaking news, sport, politics and the weather via our news app and get notifications sent straight to your smartphone. Available on the Apple App Store and Google Play .We are well-connected but isolated in AI age: IISc directorAs small and Northern rural municipalities levy hefty property-tax increases to cover basic services, the amount of hefty grants they receive from the province each year is also going up. The province announced on Friday it’s hiking the Ontario Municipal Partnership Fund by $100 million over the next two years, bringing the total amount to be expended to $600 million by the end of 2026. “We have heard from small, Northern, and rural municipalities that they need more support to meet the financial challenges they face,” Finance Minister Peter Bethlenfalvy, a Toronto-area MPP, said in a news release. Northern municipalities have come to rely on the fund heavily. The Municipality of Shuniah, for example, received nearly $880,000 from the program this year, an amount that wouldn’t cover the amount its spends on social and family services. Shuniah’s amount is expected to rise by just over $100,000 next year, its municipal chief administrator, Paul Greenwood, noted. Though the provincial fund amounts are due to rise in 2025 and 2026, individual municipalities have watched them go down slightly in other years. On Friday, the province claimed the overall amount allocated to municipal programs has spiked. According to a provincial backgrounder, “key provincial support to municipalities grew by over 45 per cent” between 2019 and 2023. “In 2023 alone, the government provided almost $10 billion to Ontario municipalities through key transfers,” the backgrounder said, to help municipalities cope with worsening problems, such as homelessness. Northwestern Ontario Municipal Association president Wendy Landry said the association “has been a long-time advocate for a permanent increase,” to the municipal partnership fund. Landry, who is also Shuniah’s mayor, said small municipalities like hers “greatly rely on this funding.” As rumours continue to swirl about a possible provincial election a year ahead of schedule in 2025, the Doug Ford government has committed to sitting down with municipalities to hold discussions about the partnership fund early next year. “We can work together to guarantee (the) fund meets the needs of small and rural municipalities across Northern Ontario,” Landry said.
NoneA New Resource War Is Looming as America Runs Out of AmmoWhat is the state of the global mortgage market and to what extent can we rely on the headline data? The company BestBrokers has issued report on the housing affordability and real mortgage interest rates. This report reveals that Russia tops that list, with a rate of 12.30 percent. What does this headline rate reveal? Perhaps not as much as economists hope since the nominal mortgage interest rate does not always depict a realistic picture of the real estate market. BestBrokers have calculated the ‘real’ mortgage interest rates across 62 countries around the world by subtracting the inflation rate from the nominal mortgage rate. Based on data for the third quarter of 2024, it was found out that Russia holds the highest real mortgage interest rate with 12.30 percent. The Dominican Republic ranks second with an average real rate of 9.55 percent, followed by Mexico in the third place with a real mortgage rate of 7.48 percent. To fight inflation, the Bank of Russia increased its key interest rate five times in 2023, and by July of this year, it had reached 16 percent. In late October, the central bank hiked the interest rate to record-high 21 percent. How affordable is this? By considering the average net salary in Russia (which is $848.55) and an 8 percent inflation rate (which was current for the third quarter of year) then the “real” salary drops to $780.67 per month. This means Russia actually ranks 30th in terms of home price-to-income. In 2020 the Russian government introduced a preferential mortgage programme with rates of up to 8 percent. The approach was intended to support the real estate market during the COVID-19 pandemic. This policy also became popular among homebuyers and was extended until 2024. That was 2019. In 2024, is this mortgage goal within reach of the average citizen under Putin? The cost of a 100-square-metre property in Russia is about 222 real monthly wages ($173,481.50 according to Numbeo). This equals the average net earnings for 18 years and 6 months in the country. Mortgages vary considerably from one country to another. Beyond Russia, Sweden has the lowest real interest rate in Europe with minus 1.21 percent, followed by Belgium with minus 0.52 percent and Malta with minus 0.44 percent. Another interesting country is India, now ranking 10th with 6.63 percent, while South Africa appears on the list in11th position with 6.55 percent. Indonesia is 13th on the list with a rate of 5.73 percent, followed by Brazil with 5.55 percent and Poland where the real mortgage interest is 5.1 percent. As a comparator, the U.S. ranks 17th with 3.98 percent. Dr. Tim Sandle is Digital Journal's Editor-at-Large for science news.Tim specializes in science, technology, environmental, business, and health journalism. He is additionally a practising microbiologist; and an author. He is also interested in history, politics and current affairs.
FAIRFAX, Va. (AP) — Brayden O'Connor's 17 points helped George Mason defeat Tulane 76-64 on Saturday. O'Connor went 7 of 10 from the field for the Patriots (7-3). Darius Maddox shot 4 for 11 (3 for 6 from 3-point range) and 6 of 6 from the free-throw line to add 17 points. Jalen Haynes shot 4 of 11 from the field and 7 of 9 from the free-throw line to finish with 15 points. Rowan Brumbaugh led the way for the Green Wave (4-6) with 12 points and four assists. Gregg Glenn III added 11 points and 11 rebounds for Tulane. Mari Jordan also had 11 points. George Mason took the lead with 14:04 left in the first half and never looked back. O'Connor led their team in scoring with 15 points in the first half to help put them up 45-27 at the break. George Mason was outscored by Tulane in the second half by a six-point margin, but still wound up on top, while Haynes led the way with a team-high 10 second-half points. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .After the Samajwadi Party (SP) successfully retained its two seats in the Maharashtra Assembly, party chief Akhilesh Yadav hailed the victory as a triumph of PDA’s unity. Akhilesh had campaigned in Maharashtra, addressing public gatherings in Dhule and Malegaon districts. SP Maharashtra chief and MLA Abu Asim Azmi retained the Mankhurd Shivaji Nagar seat, defeating NCP’s Nawab Malik by a margin of 12,753 votes. Meanwhile, SP’s second MLA, Rais Kasam Sheikh, secured a landslide victory in the Bhiwandi East constituency, defeating Shiv Sena’s Santosh Manjayya Shetty by over 50,000 votes. Commenting on the party’s success, Akhilesh Yadav wrote on the social networking platform X, “Heartfelt gratitude and thanks to all the voters, supporters, workers, and leaders for making both the Samajwadi Party candidates win as the joint candidates of India Alliance in the Maharashtra Assembly elections. Hearty congratulations to Mr. Abu Asim Azmi from Mankhurd Shivaji Nagar Assembly seat and Mr. Raees Kasam Sheikh from Bhiwandi East Assembly seat for their victory. This is the victory of PDA’s unity!” Abu Asim Azmi also expressed gratitude on X, thanking the people of Mankhurd Shivaji Nagar for electing him for a fourth term. Azmi had previously won the assembly elections from the same seat in 2009, 2014, and 2019.Somerset House has been a key part of London's landscape for hundreds of years, with its grand architecture and prominent position close to the River Thames and the Covent Garden area. > Watch NBC Bay Area News 📺 Streaming free 24/7 But its leaders say its current role as a center for arts and culture is not fully understood, with one even describing it as "London and the U.K.'s best-kept secret." While its courtyard is well known as a striking venue for a winter ice rink and summer movie screenings, people are less aware that hundreds of artists and creatives work within its walls. And as it approaches 25 years in its most recent guise, the organization wants to raise its profile — in 2025, there will be a raft of exhibitions and events aiming to show off its artistic endeavors. "There wasn't a ... moment when Somerset House was revealed in its full glory. And, in a way, next year is a kind of belated moment to do that," said Jonathan Reekie, director of the Somerset House Trust, the organization that preserves the building and its activities for the public. Somerset House has had many transformations. Queen Elizabeth I lived there in the 16th century, and since then it has been a Navy headquarters, a home for the Royal Academy of Arts and a newspaper tax office, before being completely rebuilt in 1801. "In the ... 1770s, 1780s, [King] George III needed to build an 'office block' for his newly formed civil service. So, this is what he built," Reekie said as he took CNBC on a tour. With four large wings surrounding the large, cobbled courtyard (plus a "new" wing added in the 19 th century), the striking Renaissance property housed the multiple offices of the U.K. government's tax and excise authority for more than 150 years — and in more recent times, the courtyard was even covered with asphalt and used as a parking lot. In 1997, the house gained charitable status after a long campaign led by author and newspaper editor Simon Jenkins and philanthropist Lord Rothschild. "When Somerset House ... opened to the public in May 2000, this building was still mostly full of civil servants," Reekie said. "My predecessors basically had to negotiate with each government department to get rid of them," he said. The tax authority — now known as His Majesty's Revenue and Customs — finally closed its Somerset House office in 2011. Its current role is that of a "self-sustaining home to cultural innovators," according to Somerset House Trust chair Gail Rebuck, speaking at an event in September. But its varied facets are not always well understood, she said. When a fire broke out in August, there was an "outpouring of concern," Rebuck said, but "people struggled to describe Somerset House," she said of news reports at the time. "That's our fault, in a way, and something we want to correct ... We're a very special creative cluster," Rebuck said. "It's also London and the U.K.'s best-kept secret ... it's really important that the 3 million visitors who come through our doors actually know what goes on underneath," she said — Somerset House was the U.K.'s 10th most-visited attraction in 2023, with 2.7 million visits according to the Association of Leading Visitor Attractions . Rebuck referred to the network of rooms and areas that are home to multiple artists and creatives who work from the building, in offices, co-working places and studios. When Reekie joined the organization in 2014, he was asked what Somerset House should "be." "Part of the question in terms of how would it work as a cultural space is: what can you do with lots of rooms?" he said. One of Reekie's first jobs was to transform what was essentially a long corridor of government offices into rooms that would be desirable to artists — which now make up Somerset House Studios — raising money to do so from scratch. The artists' rent is subsidized by Somerset House's activities: It makes most of its income — £21.2 million ($27.5 million) for the financial year ending March 31, 2023 — from its own events like the ice rink and arts exhibitions curated in-house, as well as from hiring spaces to other organizations such as the 1-54 Contemporary African Art Fair. There are now around 60-70 artists, teams or collectives working in Somerset House Studios, overseen by director Marie McPartlin. The studios' first resident in 2016 was British fashion designer Gareth Pugh, and composer Anna Meredith was its second, with many others working in the visual arts. "Most of them are doing socially-engaged work ... or engaging with emergent, evolving and advanced technologies," McPartlin said. Artists are encouraged to collaborate — one high-profile name was turned down a studio place because of concerns that they would not have been on site enough of the time. "The community is the most important thing," McPartlin said. "The majority of artists don't have gallery representation — it's such a precarious existence ... really quickly, we realized that long-term support is something Somerset House was able to offer." Artists are resident for between one and seven years, with some on site for up to 10 years. In 2025, McPartlin will curate sculpture "The Spell or The Dream" by Turner Prize-winning artist Tai Shani, a resident of the studios, which will sit at the courtyard's center in August and September. Inspired by a sleeping beauty-type figure, it will reflect "on the urgent contemporary issues of our time," according to a release. McPartlin will also curate an artwork by resident artists Lydia Ourahmane and Sophia Al Maria, which will explore the idea of the "right to remain," according to a release, while BAFTA-nominated filmmaker and resident Akinola Davies Jr will screen a new movie in the courtyard that will look at the "everyday rituals" of black life in the U.K. Other highlights for 2025 will include "Salt Cosmologies," an installation that will map out India's Inland Customs Line, the extraordinary story of a 2,500 mile-long hedge put in place by the British East India Company to enforce its Salt Tax in the late 19th century. And an immersive exhibition by choreographer Wayne McGregor, named "Infinite Bodies," will be the culmination of Somerset House's 25-year celebration. Near the studios is Makerversity, a community of about 300 designers and makers, who share a wood workshop, photography studio and other "maker" spaces tucked close to the underside of Waterloo Bridge, at the far west border of Somerset House. And there is also The Exchange, a co-working space for creatives, and the Black Business Residency, a program for black entrepreneurs. "Having great artists in the center of London seems quite essential ... the thinking was to make it completely interdisciplinary," Reekie said.WASHINGTON (AP) — One year after the Jan. 6, 2021 , U.S. Capitol attack, Attorney General Merrick Garland said the Justice Department was committed to holding accountable all perpetrators “at any level” for “the assault on our democracy.” That bold declaration won't apply to at least one person: Donald Trump. Special counsel Jack Smith's move on Monday to abandon the federal election interference case against Trump means jurors will likely never decide whether the president-elect is criminally responsible for his attempts to cling to power after losing the 2020 campaign. The decision to walk away from the election charges and the separate classified documents case against Trump marks an abrupt end of the Justice Department’s unprecedented legal effort that once threatened his liberty but appears only to have galvanized his supporters. The abandonment of the cases accusing Trump of endangering American democracy and national security does away with the most serious legal threats he was facing as he returns to the White House. It was the culmination of a monthslong defense effort to delay the proceedings at every step and use the criminal allegations to Trump's political advantage, putting the final word in the hands of voters instead of jurors. “We always knew that the rich and powerful had an advantage, but I don’t think we would have ever believed that somebody could walk away from everything,” said Stephen Saltzburg, a George Washington University law professor and former Justice Department official. “If there ever was a Teflon defendant, that’s Donald Trump.” While prosecutors left the door open to the possibility that federal charges could be re-filed against Trump after he leaves office, that seems unlikely. Meanwhile, Trump's presidential victory has thrown into question the future of the two state criminal cases against him in New York and Georgia. Trump was supposed to be sentenced on Tuesday after his conviction on 34 felony counts in his New York hush money case , but it's possible the sentencing could be delayed until after Trump leaves office, and the defense is pushing to dismiss the case altogether. Smith's team stressed that their decision to abandon the federal cases was not a reflection of the merit of the charges, but an acknowledgement that they could not move forward under longstanding Justice Department policy that says sitting presidents cannot face criminal prosecution. Trump's presidential victory set “at odds two fundamental and compelling national interests: On the one hand, the Constitution’s requirement that the President must not be unduly encumbered in fulfilling his weighty responsibilities . . . and on the other hand, the Nation’s commitment to the rule of law,” prosecutors wrote in court papers. The move just weeks after Trump's victory over Vice President Kamala Harris underscores the immense personal stake Trump had in the campaign in which he turned his legal woes into a political rallying cry. Trump accused prosecutors of bringing the charges in a bid to keep him out of the White House, and he promised revenge on his perceived enemies if he won a second term. “If Donald J. Trump had lost an election, he may very well have spent the rest of his life in prison,” Vice President-elect JD Vance, wrote in a social media post on Monday. “These prosecutions were always political. Now it’s time to ensure what happened to President Trump never happens in this country again.” After the Jan. 6 attack by Trump supporters that left more than 100 police officers injured, Republican leader Mitch McConnell and several other Republicans who voted to acquit Trump during his Senate impeachment trial said it was up to the justice system to hold Trump accountable. The Jan. 6 case brought last year in Washington alleged an increasingly desperate criminal conspiracy to subvert the will of voters after Trump's 2020 loss, accusing Trump of using the angry mob of supporters that attacked the Capitol as “a tool” in his campaign to pressure then-Vice President Mike Pence and obstruct the certification of Democrat Joe Biden's victory. Hundreds of Jan. 6 rioters — many of whom have said they felt called to Washington by Trump — have pleaded guilty or been convicted by juries of federal charges at the same courthouse where Trump was supposed to stand trial last year. As the trial date neared, officials at the courthouse that sits within view of the Capitol were busy making plans for the crush of reporters expected to cover the historic case. But Trump's argument that he enjoyed absolute immunity from prosecution quickly tied up the case in appeals all the way up to the Supreme Court. The high court ruled in July that former presidents have broad immunity from prosecution , and sent the case back to the trial court to decide which allegations could move forward. But the case was dismissed before the trial court could get a chance to do so. The other indictment brought in Florida accused Trump of improperly storing at his Mar-a-Lago estate sensitive documents on nuclear capabilities, enlisting aides and lawyers to help him hide records demanded by investigators and cavalierly showing off a Pentagon “plan of attack” and classified map. But U.S. District Judge Aileen Cannon dismissed the case in July on grounds that Smith was illegally appointed . Smith appealed to the Atlanta-based 11th U.S. Circuit Court of Appeals, but abandoned that appeal on Monday. Smith's team said it would continue its fight in the appeals court to revive charges against Trump's two co-defendants because “no principle of temporary immunity applies to them.” In New York, jurors spent weeks last spring hearing evidence in a state case alleging a Trump scheme to illegally influence the 2016 election through a hush money payment to a porn actor who said the two had sex. New York prosecutors recently expressed openness to delaying sentencing until after Trump's second term, while Trump's lawyers are fighting to have the conviction dismissed altogether. In Georgia, a trial while Trump is in office seems unlikely in a state case charging him and more than a dozen others with conspiring to overturn his 2020 election loss in the state. The case has been on hold since an appeals court agreed to review whether to remove Fulton County District Attorney Fani Willis over her romantic relationship with the special prosecutor she had hired to lead the case. Associated Press reporter Lisa Mascaro in Washington contributed.
Timothée Chalamet Goes Full-On Football Analyst on ESPN’s ‘College GameDay’NEW YORK (AP) — A slide for market superstar Nvidia on Monday knocked Wall Street off its big rally and helped drag U.S. stock indexes down from their records. The S&P 500 fell 0.6%, coming off its 57th all-time high of the year so far. The Dow Jones Industrial Average dipped 240 points, or 0.5%, and the Nasdaq composite pulled back 0.6% from its own record. Nvidia’s fall of 2.5% was by far the heaviest weight on the S&P 500 after China said it’s investigating the company over suspected violations of Chinese anti-monopoly laws. Nvidia has skyrocketed to become one of Wall Street’s most valuable companies because its chips are driving much of the world’s move into artificial-intelligence technology. That gives its stock’s movements more sway on the S&P 500 than nearly every other. Nvidia’s drop overshadowed gains in Hong Kong and for Chinese stocks trading in the United States on hopes that China will deliver more stimulus for the world’s second-largest economy. Roughly three in seven of the stocks in the S&P 500 also rose. The week’s highlight for Wall Street will arrive midweek when the latest updates on inflation arrive. Economists expect Wednesday’s report to show the inflation that U.S. consumers are feeling remained stuck at close to the same level last month. A separate report on Thursday, meanwhile, could show an acceleration in inflation at the wholesale level. They’re the last big pieces of data the Federal Reserve will get before its meeting next week on interest rates. The widespread expectation is still that the central bank will cut its main interest rate for the third time this year. The Fed has been easing its main interest rate from a two-decade high since September to offer more help for the slowing job market, after bringing inflation nearly all the way down to its 2% target. Lower interest rates can ease the brakes off the economy, but they can also offer more fuel for inflation. Expectations for a series of cuts from the Fed have been a major reason the S&P 500 has set so many all-time highs this year. “Investors should enjoy this rally while it lasts—there’s little on the horizon to disrupt the momentum through year-end,” according to Mark Hackett, chief of investment research at Nationwide, though he warns stocks could stumble soon because of how overheated they’ve gotten. On Wall Street, Interpublic Group rose 3.6% after rival Omnicom said it would buy the marketing and communications firm in an all-stock deal. The pair had a combined revenue of $25.6 billion last year. Omnicom, meanwhile, sank 10.2%. Macy’s climbed 1.8% after an activist investor, Barington Capital Group, called on the retailer to buy back at least $2 billion of its own stock over the next three years and make other moves to help boost its stock price. Super Micro Computer rose 0.5% after saying it got an extension that will keep its stock listed on the Nasdaq through Feb. 25, as it works to file its delayed annual report and other required financial statements. Earlier this month, the maker of servers used in artificial-intelligence technology said an investigation found no evidence of misconduct by its management or by the company’s board following the resignation of its public auditor . All told, the S&P 500 fell 37.42 points to 6,052.85. The Dow dipped 240.59 to 4,401.93, and the Nasdaq composite lost 123.08 to 19,736.69. In the oil market, a barrel of benchmark U.S. crude rallied 1.7% to settle at $68.37 following the overthrow of Syrian leader Bashar Assad, who sought asylum in Moscow after rebels. Brent crude, the international standard, added 1.4% to $72.14 per barrel. The price of gold also rose 1% to $2,685.80 per ounce amid the uncertainty created by the end of the Assad family’s 50 years of iron rule. In stock markets abroad, the Hang Seng jumped 2.8% in Hong Kong after top Chinese leaders agreed on a “moderately loose” monetary policy for the world’s second-largest economy. That’s a shift away from a more cautious, “prudent” stance for the first time in 10 years. A major planning meeting later this week could also bring more stimulus for the Chinese economy. U.S.-listed stocks of several Chinese companies climbed, including a 12.4% jump for electric-vehicle company Nio and a 7.4% rise for Alibaba Group. Stocks in Shanghai, though, were roughly flat. In Seoul, South Korea’s Kospi slumped 2.8% as the fallout continues from President Yoon Suk Yeol ’s brief declaration of martial law last week in the midst of a budget dispute. In the bond market, the yield on the 10-year Treasury rose to 4.19% from 4.15% late Friday. AP Business Writers Matt Ott and Elaine Kurtenbach contributed.
Antonio Portales is keen to pledge his future to Dundee. The Mexican defender is and will be free to talk to other clubs about a pre-contract deal in the coming weeks. However, he hopes to extend his stay beyond two years. The 28-year-old joined the in the summer of 2023 alongside compatriot Diego Pineda. And there could be more Mexicans turning out in dark blue in the near future after . The here and now, though, has Portales and the Dark Blues in need of points. A poor run of two wins and nine defeats in the last nine matches brings Saturday’s evening clash with bottom side Hibs into sharp focus. “I think we had been playing well, but some mistakes changed the games,” Portales said. “Right now, we know about that. “We are working hard and we have been watching videos to help us improve our game. “The team looks strong, looks well. We have a very good chance to change the results in future games and to play better for our fans. “Everyone is working in their job to play better for the team, to be the best version of all Dundee.” Recent matches have seen Portales in the unaccustomed role of substitute, including the most recent at Aberdeen. That, though, has made the Mexican more determined to prove himself. “Yeah, it’s football,” he added. “I don’t like it. Any player doesn’t like to be on the bench, but it’s football. “The most important thing is the team. “I support my team-mates because when I’ve been in the XI, they support me. “It’s a team, it’s a family. “Of course, I work hard to play again in the XI and hopefully on Saturday I can do that. “Here for me it’s a dream to play in Scotland with Dundee in Europe because I’m from Mexico and it’s very hard to play in Europe. “For me it’s a dream and I will try to give my all for Dundee.” And he hopes that dream will continue into the next campaign. Asked about his expiring contract, Portales said: “Right now we have been talking with the club about an extension. “Yeah, hopefully we will do it. We’re talking about that.”
Penguins goaltender Alex Nedeljkovic scheduled to start against Utah Hockey ClubThe NFL's security division is warning players to be aware of professional burglars targeting the homes of pro athletes. The Athletic reported Thursday that the NFL sent a memo to teams that outlines the threat. "The homes of professional athletes across multiple sports leagues have become increasingly targeted for burglaries by organized and skilled groups," read the memo, which was obtained by The Athletic. "Law enforcement officials have noted these groups appear to exploit team schedules to target athletes' homes on game days." NBC News reported Wednesday that law enforcement is working to figure out whether an international crime syndicate is involved. The Athletic reported that the memo includes tips for home security and also gives recommendations about the use of social media, such as not posting photos of items that would attract thieves. Players also learned via the memo how homes are targeted and how burglars enter. Mahomes hasn't said much about the burglary, other than to call it "disappointing" and "frustrating." "I can't get into too many of the details because the investigation is still ongoing," he said. "But obviously something that you don't want to happen to really anybody, but obviously yourself." It's not clear what was stolen from Mahomes' home in Belton, Mo., during the Oct. 6 incident. But Kelce apparently lost $20,000 in cash in the burglary at his home in Leawood, Kan., the following day when the Chiefs played the New Orleans Saints on "Monday Night Football," according to a police report. The burglary at the home of Milwaukee Bucks forward Bobby Portis in River Hills, Wis., occurred Nov. 2 during the Bucks' home game against the Cleveland Cavaliers. He said the perpetrators "took most of my prized possessions" and is offering a reward for the return of his property. "Any info that leads to the return of any of my belongings will be rewarded handsomely," Portis said. "Let me know, thank you." --Field Level MediaReviewers slam Pa. McDonald’s after worker tip leads to arrest in CEO killing
Advertisement 2 This advertisement has not loaded yet.SANTA CLARA — pulled off his grey 49ers sweatshirt Friday and, as he headed for the locker room showers, his sore right shoulder was exposed. There was no noticeable swelling or lump, aside from minor marks via treatment he received since last Sunday’s once-subtle injury. His muscular 24-year-old build appeared stout as ever. Looks can be deceiving. So can words, in any NFL team’s injury descriptions, any Instagram doctors’ prognosis, or any reporters’ déjà vu feelings. “I don’t want to say there’s long-term concern,” coach Kyle Shanahan said Friday, referring to Purdy’s MRI exam and indicating the quarterback will miss Sunday’s game at Green Bay. will make the spot start. For how long, though? Exercising caution is wise to protect a bona fide franchise quarterback who threw for a 49ers-record 4,280 yards last season on a surgically repaired elbow and is due for a 49ers-record contract extension at this season’s likely bitter end. Shanahan and general manager John Lynch indicated that Purdy’s MRI on Monday did not reveal a dire, franchise-altering ailment. “We thought he just needed some rest and really weren’t concerned about him not being good this week,” Shanahan said. “But when he started up Thursday, (his shoulder) just surprised him, surprised us, how it felt.” It’s no surprise, however, how a shoulder injury can grow into a bigger firestorm. For now, public proclamations are minimizing any long-range ramifications. Purdy was not made available to reporters, but as he walked through the locker room Friday, he tried to exude a positive outlook, saying: “We’re all good.” His demeanor remained as upbeat and polite as ever in an ensuing conversation with a staff member. Neither of Purdy’s understudies, Allen and Josh Dobbs, has a history of shoulder injuries, so they were hesitant to speak about how fear-inducing those must be for a quarterback. “I’m not too worried about it, I don’t think any of our guys are,” Allen said. “He’ll rehab and get back as fast as he can. And as far as shoulders, it happens. I don’t think it’ll be anything lingering or long-term for him.” Three seasons ago, when the 49ers last visited Lambeau Field, Jimmy Garoppolo was a week removed from hurting his shoulder – a torn capsule, the 49ers said – in a wild-card playoff win at Dallas. Garoppolo played through the injury, the 49ers won without scoring an offensive touchdown. Two months after losing in the NFC Championship Game, Garoppolo surprised the 49ers by electing to have surgery on his shoulder, complicating a potential trade or release and keeping him on the roster. That made for an awkward but necessary comeback in 2022 as he served as a helpful bridge between Trey Lance’s two-start cameo and Purdy’s late-season emergence for another playoff run. Go back nine years and there is another 49ers quarterback quandary. Colin Kaepernick was listed as probable to play at Seattle, but a day before kickoff, the 49ers surprisingly put him on injured reserve. He headed for surgery to repair a torn labrum in his non-throwing shoulder. Benched three weeks before that IR move, Kaepernick spent the ensuing offseason rehabilitating for what would be one final season with the 49ers and the NFL. An even messier shoulder story unfolded with Kaepernick’s predecessor, Alex Smith. A 2007 feud ensued between Smith and third-year coach Mike Nolan, who publicly dismissed Smith’s shoulder pain that traced back to a Sept. 30 separation. Smith played hurt a few games, then confessed to the nagging pain in his shoulder, after the 49ers had listed him out of practice with a forearm strain. Smith rallied and rebuilt his career, albeit under other coaches. Now it’s Purdy stepping aside for an unknown length of time. Allen relayed their Friday conversation: “He believes in me, says ‘You’re here for a reason. Go in, step up, play well.’ He’ll be back. So I’m not worried about it.” “He’s doing well. He’s in good spirits,” Dobbs added. “Obviously, I don’t want to speak for him, but he wants to be out there. So he will work his butt off to get back out there, and we’ll hold it down for him until he gets back.”Unai Emery explains what Morgan Rogers must improve after signing new Aston Villa contractNone