Ben Foster leads Kansas' largest independently owned broadband and communications company. OVERLAND PARK, Kan., Dec. 12, 2024 /PRNewswire/ -- NTCA–The Rural Broadband Association announced the election of board officers for 2025, including Ben Foster as Vice Chair. Foster is the president & CEO of Twin Valley and ISG Technology – together the largest independently owned broadband and communications company in Kansas. Twin Valley is rapidly growing as a rural Kansas fiber and small-to-medium business IT provider, while ISG is a top national competitor in mid-to-enterprise level IT services with locations in Kansas, Missouri and Oklahoma. As the premier association representing nearly 850 independent, community-based broadband companies, NTCA is committed to advancing policies that help close the digital divide and advocating on behalf of its members in the legislative and regulatory arenas. The association also provides educational programming, training and development by publishing comprehensive industry research, conducting in person and virtual events, and offering an array of employee benefit programs. "NTCA is instrumental in setting industry policy and putting important legislation in front of lawmakers," Foster said. "In my role as Vice Chair of the NTCA board, I aim to bring a rural Kansas perspective to national broadband policy discussions, ensuring the voices of local providers and communities are heard." In its Pledge made to rural communities, Twin Valley commits to building the most reliable broadband network and supporting meaningful outreach initiatives, including digital inclusion efforts. Industry policy and federal funding are keys to delivering on those commitments. As a fourth-generation leader of the Twin Valley family of companies, Foster brings a wealth of industry knowledge to the NTCA board, which he has served on from 2011 to 2014 and 2022 to present, acting as secretary/treasurer in the 2024 board year. He also serves as a board member for the Kansas Fiber Network. As NTCA board vice chair, Foster joins officers Roxie Jorgenson, director at MTA (Palmer, Alaska), who will serve as chair, and Ross Petrick, general manager/CEO of Alliance Communications Cooperative Inc. (Garretson, S.D.), who will serve as secretary/treasurer. Foster was also re-elected to serve as the Central Region Commercial Director. "As we head into a new year, I look forward to working with all of our board members to implement our new strategic plan centered around our efforts to advocate for the continued viability and sustainability of the Universal Service Fund," said NTCA CEO Shirley Bloomfield. About Twin Valley Twin Valley is a fourth-generation family business that has over 80 years' experience providing cutting-edge technology and connectivity throughout the central U.S. Twin Valley helps customers unlock possibilities to realize their full potential by providing a unique combination of broadband, mobile, home security, managed IT services, technology consulting, professional services and cloud/data center solutions for both residential and business customers. Twin Valley made a Pledge to their communities and customers, always striving to provide the most reliable broadband network, the best value for internet, local hometown customer service and meaningful community outreach initiatives. Learn more at twinvalley.com/pledge. About NTCA NTCA–The Rural Broadband Association is the premier association representing about 850 independent, community-based telecommunications companies that are leading innovative change in smart rural communities across America. In an era of transformative technological developments, regulatory challenges and marketplace competition, NTCA members are advancing efforts to close the digital divide by delivering robust and high-quality services over future-proof networks. Their commitment to building sustainable networks makes rural communities fertile ground for innovation in economic development, e-commerce, health care, agriculture and education, and it contributes billions of dollars to the U.S. economy each year. Visit us at www.ntca.org . View original content to download multimedia: https://www.prnewswire.com/news-releases/kansas-tech-ceo-ben-foster-appointed-to-vice-chair-of-national-broadband-association-board-302330769.html SOURCE Twin Valley
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OKLAHOMA CITY (AP) — Shai Gilgeous-Alexander scored 35 points and the Oklahoma City Thunder won their 11th straight game, beating the short-handed Memphis Grizzlies 130-106 on Sunday night in a matchup of Western Conference leaders that turned lopsided before halftime. Rookie Ajay Mitchell scored 17 points, Aaron Wiggins contributed 16 and Jalen Williams added 14 points and 10 rebounds for the Thunder (26-5), who opened a five-game lead over second-place Memphis. Gilgeous-Alexander made 14 of 19 shots to go along with seven assists, six rebounds and a team-high four blocks. He sat most of the fourth quarter. Oklahoma City blocked nine shots, including three by center Isaiah Hartenstein. The Thunder led 76-50 at halftime behind 23 points from Gilgeous-Alexander and 12 each from Mitchell and Kenrich Williams, who combined to go 5 for 7 on 3-point shots. Oklahoma City outscored the Grizzlies 42-19 in the second quarter to take control. Desmond Bane had 22 points and nine rebounds for Memphis (22-11), which played without star Ja Morant (shoulder) and Zach Edey, the team’s No. 9 overall draft pick, who was in concussion protocol. Jay Huff added 17 points but Jaren Jackson Jr., the team's leading scorer at 21.9 points per game, managed 13 points on 3-of-17 shooting. Grizzlies: Memphis jumped out to a 9-0 lead but struggled to score after that, making 37 of 97 shots from the field (38.1%) and 14 of 51 from 3-point range (27.5%). Thunder: Oklahoma City lost the rebound battle 51-46, but outscored the Grizzlies 56-36 in the paint. Memphis pulled within 42-36 on a jumper by Jackson, but Oklahoma City went on a 32-9 run to extend the lead to 74-45 and put the game out of reach before halftime. Oklahoma City converted 21 Memphis turnovers into 33 points. Grizzlies: Visit Phoenix on Tuesday night. Thunder: Host Minnesota on Tuesday night. AP NBA: https://apnews.com/hub/nba
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LISBON, Portugal (AP) — The goals are flying in again for Arsenal — and it just happens to coincide with the return from injury of Martin Odegaard. Make that eight goals in two games since the international break for Arsenal after its 5-1 hammering of Sporting Lisbon in the Champions League on Tuesday, tying the English team’s heaviest ever away win in the competition. Odegaard is back in Arsenal’s team after missing two months with an ankle injury . In that time, Mikel Arteta’s attack stuttered, with a 2-0 loss to Bournemouth and a 1-0 defeat at Newcastle dropping the Gunners well off the pace in the Premier League. There was also a 0-0 draw at Atalanta in the Champions League as well as a 1-0 loss to Inter Milan last month, when Odegaard made his comeback from injury as an 89th-minute substitute. Since then, Arsenal hasn’t lost and the goals have returned. After a 3-0 win over Nottingham Forest on Saturday came the cruise in Lisbon — and Odegaard was at the heart of everything as Sporting’s unbeaten start to the season came to an end. “He’s an unbelievable player,” Arsenal winger Bukayo Saka said of Odegaard. “The day he returned, there was a big smile on my face. You can see the chemistry we have. I hope he stays fit for the rest of the season.” RELATED COVERAGE Julián Álvarez picking up the scoring pace with Atletico Madrid Messi’s son debuts at Argentina youth tournament as grandparents watch Man City blows 3-goal lead and gets booed by fans in draw with Feyenoord in Champions League Odegaard was involved in the build-up to Arsenal’s first two goals against Sporting — scored by Gabriel Martinelli and Kai Havertz — and was fouled to win the penalty converted by Saka in the 65th to restore Arsenal’s three-goal lead at 4-1. Odegaard was seen flexing his leg after that but continued untroubled and was substituted in the 78th minute. The last thing Arteta would want now is another injury to Odegaard as Arsenal attempts to reel in first-place Liverpool in the Premier League. Liverpool is already nine points ahead of fourth-place Arsenal after 12 games. ___ AP soccer: https://apnews.com/hub/soccerDrones, planes or UFOs? Americans abuzz over mysterious New Jersey sightingsAbiodun commends Remoland for advancement in agric, education, others
A new documentary by German filmmakers is set to offer a less-than-glowing review of Prince Harry and Meghan Markle’s efforts to establish them as extremely wealthy global influencers and philanthropists since they departed royal life nearly five years ago. “Harry and Meghan set the bar very high,” Ulrike Grunewald, the director of “The Lost Prince,” told The Daily Mail over the weekend . The documentary is set to air in Germany on Tuesday. “They want to be global benefactors who bring about tangible change. So far, they have not lived up to this image at all.” For the 45-minute film, Grunewald wanted to look into whether the Duke and Duchess of Sussex succeeded in “finding freedom” by leaving the U.K. and moving to the United States. During their exit, the couple also vowed to become financially independent entrepreneurs and world-renowned thought leaders. To answer questions about the couple’s post-“Megxit” life, Grunewald said she did reporting in the couple’s new hometown of Montecito, looked into the work of their Archewell Foundation and Harry’s involvement in the Invictus Games and examined recent reports that they’ve “separated” — at least professionally. “I was interested in whether Harry and Meghan’s strategies for an independent life are working,” Grunewald said. “After four years, the results are very mixed.” “Now they mainly appear separately, as they were unable to create a functioning image together,” Grunewald said. They have come down to earth.” On one hand, Harry may have found a new sense of personal freedom by leaving the confines of royal life. “To be fair, from his point of view Harry wanted the best for his own family,” Grunewald said. “And sure he has now gained valuable experience in California and learned what it means to have to stand on his own two feet. He would never have been able to do that in the close circle of the royal family.” But Harry now has decide for himself what he has to offer to the world, Grunewald said. Sure, he still carries “the glamor” of being the son of King Charles III and of the late Princess Diana, Grunewald said. “But in the tough atmosphere of the Hollywood industry,” this allure can wear off, she said. Grunewald is likely referring to the couple’s struggles to become Hollywood media moguls. In late 2020, Harry and his American TV actor wife signed multimillion-dollar deals with Netflix and Spotify, saying that they planned to create “impactful” content “that informs,” “gives hope” and “unlocks action.” But the couple notoriously parted ways with Spotify in 2023, after Meghan only produced one 12-episode podcast and they were branded “grifters” by one of the platform’s executives and star podcasters, Bill Simmons. As for Netflix, they starred in “Harry and Meghan,” their blockbuster 2022 blockbuster docu-series about their acrimonious departure from royal life. But they also began to lose some public good will in both the U.K. and the United States, due to the perception that they had gone too far in publicly criticizing Harry’s royal relatives in the docu-series and in interviews. While lovers of royal gossip also turned Harry’s 2023 memoir, “Spare,” into a global best-seller, it also became clear that some people started to become uncomfortable with Harry’s choice to reveal family secrets. “People have long memories and few revelations can be more damaging to their image than the private details that Harry and Meghan have made public themselves in the last few years,” Grunewald said. Meanwhile, their Netflix partnership has gone “somewhat downhill,” The Times UK also reported . Harry’s documentary about his work with the Invictus Games failed to make Netflix top 10, and there’s still no sign of Meghan’s Netflix cooking show, which is said to have been finished over the summer. Next week, Netflix releases “Polo,” a documentary series that the couple co-executive produced. But neither Harry nor Meghan appear in the series, which happens to be about an elite sport that most people probably don’t care about. The trailer also tries to market the documentary as a Bravo-like reality TV show about “dirty, sweaty boys ... riding” — hardly “impactful” content that “gives hope” and “unlocks action.” Former British friends of Harry reportedly were left in “appalled hysterics” over the “tacky” new series, while a Hollywood executive cautioned that the couple were “running out of last chances” to prove they can make compelling TV that is not about themselves, the Daily Beast reported. The Daily Mail preview about the new German documentary doesn’t address whether it looks into Meghan’s other commercial endeavors, including the premiere of her Netflix cooking show which could coincide with the launch of her new life-style brand, American Riviera Orchard. But Meghan’s company has been the subject of numerous reports about bureaucratic difficulties with the US trademarks office and questions over whether she has the business savvy to get her line of strawberry jam and other products ready to sell. Harry and Meghan also may be struggling in other areas of their post-Megxit life, according to “The Lost Prince.” For one thing, the couple don’t appear to have “integrated” themselves into Montecito’s elite social circles, Grunewald told the Daily Mail. “The cultural life is very lively, but everything often takes place in closed circles and Harry and Meghan rarely take part in these activities,” Grunewald said. “They seem have isolated themselves a lot.” In the past four years, Harry and Meghan, together or separately, have turned up at a few star-studded events in and around Montecito and Santa Barbara. For example, in 2023, they attended Kevin Costner’s annual star-studded fundraiser for local first responders at his estate near Santa Barbara. More recently, they appeared at the September launch of a new book store near their Montecito home, owned by celebrated literary agent Jennifer Rudolph Walsh and cosmetics mogul Victoria Jackson, said to be a good friend of Meghan’s. Their Montecito neighbors Oprah Winfrey and Ellen DeGeneres also joined the party, though DeGeneres has recently left California and established a new home in the U.K. Nonetheless, Grunewald’s documentary suggests that Harry and Meghan don’t spend much time in Montecito. A neighbor, Richard Mineards, told Grunewald that the couple haven’t set out to “put down particularly deep roots” in the area. Every once in a while, they’re seen at the local market or on walks — always with security guards in tow. “Sometimes you will see her at the farmers’ market or with a dog, but generally you don’t see her and you just don’t see much of him,” Mineards said. As for the Archewell Foundation, Grunewald argues that the nonprofit, launched with great fanfare in 2020, doesn’t seem to be effectively organized, while the Invictus Games appears to be a bright spot in the couple’s portfolio — even if the filmmaker said that Harry is little more than “a figurehead.” Harry founded the International sports competition for wounded veterans and service people. Jack Royston, the royal reporter for Newsweek, is reportedly interviewed for “The Lost Prince” and says, “I believe that Invictus is genuine and authentic work. Harry is completely devoted to it.”Economists at two Southern California universities see new reasons to worry ahead, namely policies from the nation’s next president. They warn in new forecasts released this week that the economy may stumble in 2025 because of controversial policies promised by President-elect Donald Trump. Economist James Doti, president emeritus at Chapman University, said the economy “still appears to be strong,” even though a long period of declining inflation could reverse course under Trump. A year ago, Doti’s reading of the tea leaves showed “very slow growth” and no recession in 2024. Today, he’s sticking to a similar tale of “slow growth” that now extends through 2025. New to the mix is “some upward pressure” on inflation due to proposed tariffs and mass deportations Trump has vowed to launch after his inauguration in January. Economist Jerry Nickelsburg at UCLA agreed with Doti’s analysis. “The underlying fundamentals of the economy are strong. They have been for some time, which is why we did not say that we were going to have a recession in 2023 or 2022,” said the director of the UCLA Anderson Forecast. “Now, that doesn’t mean that geopolitical events or different policies from Washington that are not in our forecast couldn’t generate a recession. It’s just not in the data right now.” Both economists said Trump is inheriting a strong economy that will grow more slowly than previously forecast while it adjusts to new national economic policies. Cloudy times The clarity of post-presidential election forecasts at Chapman and UCLA are clouded by Trump’s plans to implement several economic policies promised during his 2024 campaign. Among the most controversial policies are new or increased tariffs on the nation’s largest trading partners – including Canada, China and Mexico. Policies also include mass deportations, tax cuts and deregulation. Doti believes Trump’s vow to deport of 500,000 to 1 million undocumented immigrants and 10%-25% tariffs on imported goods could push inflation closer to 3% than the Fed’s desired 2% level. How these policies manifest is not necessarily clear, considering practical, legal and political constraints on implementation, according to Nickelsburg. The UCLA professor of economics said this month’s forecast was one of the most difficult ones he’s ever written, with the exception of a recession prediction four years ago as the COVID-19 pandemic began. “When we did our March forecast in 2020, we had no idea how the pandemic was going to play out, and so there was a great deal of uncertainty then as well as now,” he said. “Economic policy in Washington is changing in a pretty fundamental way, so that increases uncertainty until we get some clarity as to what policies are going to be implemented.” Meanwhile, UCLA predicts a slowdown in interest rate cuts as the federal government grapples with those new policies. Nickelsburg sees the Federal Reserve cutting interest rates by 25 basis points at its board of governors meeting Dec. 18. He expects a pause on cuts until 2026 when the economy has absorbed the impacts of tariffs. The Fed could end up with interest rates hovering between 4% and 4.25% in 2026, he said. Doti has a different take, saying the Fed won’t cut rates in December and will instead take a wait-and-see approach. He expects the central bank will make only two, 25 basis-point cuts in 2025. “The reason we don’t think there’ll be a cut in rates next week is because we still have high inflation (2.7% for the year ended in November 2024), and it’s above the Fed’s target range of 2%, and GDP growth is at 2.8%, and job growth has still been very strong,” Doti said. “Given the Fed’s cautious approach, it’ll hold back on making further cuts.” Growth in gross domestic product, used to measure the nation’s economic health, is expected to fall to 1.4% by the end of 2025 from 2.8% in the 2024’s third quarter, he said. Tough housing market Both economists said the state of housing in California is showing financial strain. On the construction front, residential permits in California are forecast to rise by 12.9% in 2025, despite continuing high mortgage rates, Doti said. He argued that high mortgage rates may indirectly spur new construction. “There is a paucity of resale homes on the market because homeowners don’t want to sell and lose their sweetheart locked-in mortgages,” he said. “That has led to a sharp drop in resale home sales. The dearth of resale homes on the market is buttressing demand for new homes, often available for sale at heavily subsidized financing rates.” Nickelsburg said normalization is slowly returning to the California housing market, but potential construction cost increases due to tariffs and labor shortages could slow that process. “Builders should be responding with new development given existing homes sales are at depression levels,” said Nickelsburg. Tightening job market Both forecasts raised concerns about the jobs picture. Doti sees economic growth in California hampered by population losses, which he blames on the state’s regulatory and tax burdens, which have led people and businesses to leave for cheaper states like Florida and Texas. California’s job growth is forecast to rise 4.6% to 18.2 million in 2025, up from 17.4 million in 2019, but trailing U.S. job growth of 5.9% over the same period. The flight of people from the state also has lowered retail sales tax revenue, prompting some cities to raise sales tax rates in order to replenish budgets left with financial gaps. Data from Chapman showed fewer people are shopping, which translates to less tax revenue for cities. For the year-period that ended June 30, 2024, retail sales fell 4% in Orange County, 2.3% in Los Angeles County, 1.2% in the Inland Empire and 0.8% in San Diego County. For Nickelsburg, the big unknown on jobs will be the mass deportation and tariff policies of the incoming president, and their impact on a wide of industries including agriculture, construction, leisure and hospitality, retail trade and transportation and warehousing industries. Taken together, the deportations and tariffs will raise the prices for many goods and services, and potentially cause product shortages and higher labor costs as jobs go unfilled, he argued. “The uncertainty regarding the future path of unemployment is more elevated than usual because the impact of mass deportations on unemployment is not well understood due to limited empirical research on the subject,” according to Nickelsburg.
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New York Mortgage Trust, Inc. ( NASDAQ:NYMTM – Get Free Report ) announced a quarterly dividend on Tuesday, December 10th, Wall Street Journal reports. Shareholders of record on Wednesday, January 1st will be given a dividend of 0.4922 per share on Wednesday, January 15th. This represents a $1.97 annualized dividend and a dividend yield of 7.85%. The ex-dividend date is Tuesday, December 31st. New York Mortgage Trust has raised its dividend payment by an average of 0.8% annually over the last three years. New York Mortgage Trust Trading Up 0.2 % Shares of NASDAQ NYMTM opened at $25.08 on Friday. New York Mortgage Trust has a fifty-two week low of $22.12 and a fifty-two week high of $25.28. The stock has a fifty day moving average of $24.97 and a 200-day moving average of $24.28. About New York Mortgage Trust New York Mortgage Trust, Inc acquires, invests in, finances, and manages mortgage-related single-family and multi-family residential assets in the United States. Its targeted investments include residential loans, including business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); single-family rental properties; and other mortgage, residential housing, and credit-related assets. See Also Receive News & Ratings for New York Mortgage Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New York Mortgage Trust and related companies with MarketBeat.com's FREE daily email newsletter .