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2025-01-22
The year in money: inflation eased, optimism ticked upwardVANCOUVER, British Columbia, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Gatos Silver, Inc. (NYSE/TSX: GATO) (“Gatos Silver” or the “Company”) today announced the date of a special meeting of stockholders (the “Special Meeting”) and the filing of its definitive proxy statement in connection with the previously announced Agreement and Plan of Merger (the “Merger Agreement”) with First Majestic Silver Corp. (“First Majestic”) (NYSE/TSX: AG) (FSE: FMV) pursuant to which First Majestic will acquire all of the issued and outstanding shares of common stock of Gatos Silver (the “Transaction”). Gatos Silver notified its stockholders that the Special Meeting will take place virtually on Tuesday, January 14, 2025, at 10:00 a.m., Pacific Time. Stockholders of record as of November 25, 2024 (the “Record Date”) are eligible to vote at the Special Meeting. Gatos Silver stockholders will be asked to vote on the adoption of the Merger Agreement and the adjournment of the Special Meeting in certain circumstances. Gatos Silver’s Board of Directors unanimously recommends that Gatos Silver stockholders vote in favor of both proposals. First Majestic shareholders are required to approve the issuance of the First Majestic common shares in connection with the Transaction, and accordingly, First Majestic has announced that it will hold its shareholder meeting in-person on Tuesday, January 14, 2025, at 11:00 a.m., Pacific Time, one hour following the Special Meeting. For more information regarding First Majestic’s shareholder meeting, see First Majestic’s SEDAR+ profile at www.sedarplus.ca . Subject to the approval of Gatos Silver’s stockholders and First Majestic’s shareholders and the satisfaction or waiver of other conditions precedent, it is anticipated that the Transaction will close in early 2025. Gatos Silver currently expects to send the meeting materials for the Special Meeting to stockholders of record as of the Record Date on or about December 6, 2024; however, delivery of materials to some Canadian stockholders may be impacted by the ongoing Canada Post labour dispute which is affecting the delivery of mail within Canada. Important Information for Investors and Stockholders about the Transaction and Where to Find It This news release is not intended to and does not constitute an offer to buy or sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securities of First Majestic or Gatos Silver or the solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issuance or transfer of securities of First Majestic or Gatos Silver in any jurisdiction in contravention of applicable law. This news release may be deemed to be soliciting material relating to the Transaction. In connection with the Transaction between First Majestic and Gatos Silver pursuant to the Merger Agreement and subject to future developments, First Majestic filed with the U.S. Securities and Exchange Commission (the “SEC”) a registration statement on Form F-4 that includes a Proxy Statement of Gatos Silver that also constitutes a Prospectus of First Majestic (the “Proxy Statement/Prospectus”) and other documents. Each of First Majestic and Gatos Silver may also file other relevant documents with the SEC regarding the Transaction. The registration statement on Form F-4 was declared effective by the SEC on December 2, 2024. Gatos Silver filed a Proxy Statement/Prospectus with the SEC on December 3, 2024 which it plans to mail to its stockholders in connection with the Transaction. First Majestic will also file a management proxy circular in connection with the Transaction with applicable Canadian securities regulatory authorities and First Majestic will deliver its management proxy circular to First Majestic shareholders. This news release is not a substitute for any registration statement, proxy statement, prospectus or other document First Majestic or Gatos Silver has filed or may file with the SEC or Canadian securities regulatory authorities in connection with the pending Transaction. INVESTORS AND SECURITY HOLDERS OF GATOS SILVER AND FIRST MAJESTIC ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS AND MANAGEMENT PROXY CIRCULAR, RESPECTIVELY, AND ANY OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC OR CANADIAN SECURITIES REGULATORY AUTHORITIES AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS THERETO CAREFULLY IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BEFORE MAKING ANY VOTING OR INVESTMENT DECISION WITH RESPECT TO THE TRANSACTION BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT FIRST MAJESTIC, GATOS SILVER, THE TRANSACTION AND RELATED MATTERS. Investors and security holders are able to obtain free copies of the Proxy Statement/Prospectus, the filings with the SEC that are and will be incorporated by reference into the Proxy Statement/Prospectus and other documents filed with the SEC by First Majestic and Gatos Silver containing important information about First Majestic or Gatos Silver and the Transaction through the website maintained by the SEC at www.sec.gov . Investors are also able to obtain free copies of the management proxy circular and other documents filed with Canadian securities regulatory authorities by First Majestic, through the website maintained by the Canadian Securities Administrators at www.sedarplus.ca . In addition, investors and security holders are able to obtain free copies of the documents filed by First Majestic with the SEC and Canadian securities regulatory authorities on First Majestic’s website at www.firstmajestic.com or by contacting First Majestic’s investor relations team. Copies of the documents filed with the SEC by Gatos Silver are available free of charge on Gatos Silver’s website or by contacting Gatos Silver’s investor relations team. Participants in the Merger Solicitation First Majestic, Gatos Silver and certain of their respective directors, executive officers and employees may be considered participants in the solicitation of proxies in connection with the proposed Transaction. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of the shareholders of First Majestic and the stockholders of Gatos Silver in connection with the Transaction, including a description of their respective direct or indirect interests, by security holdings or otherwise, is included in the Proxy Statement/Prospectus described above and other relevant documents filed with the SEC and Canadian securities regulatory authorities in connection with the Transaction. Additional information regarding First Majestic’s directors and executive officers is also included in First Majestic’s Notice of Annual Meeting of Shareholders and 2024 Proxy Statement, which was filed with the SEC and Canadian securities regulatory authorities on April 15, 2024, and information regarding Gatos Silver’s directors and executive officers is also included in Gatos Silver’s Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC on February 20, 2024, as amended by Amendment No. 1 to such annual report filed with the SEC on May 6, 2024 and Gatos Silver’s 2024 Proxy Statement for its 2024 Annual Meeting of Stockholders, which was filed with the SEC on April 25, 2024. These documents are available free of charge as described above. About Gatos Silver Gatos Silver is a silver dominant exploration, development and production company that discovered a new silver and zinc-rich mineral district in southern Chihuahua State, Mexico. As a 70% owner of the Los Gatos Joint Venture (“LGJV”), the Company is primarily focused on operating the Cerro Los Gatos mine and on growth and development of the Los Gatos district. The LGJV includes approximately 103,000 hectares of mineral rights, representing a highly prospective and under-explored district with numerous silver-zinc-lead epithermal mineralized zones identified as priority targets. On September 5, 2024, Gatos Silver and First Majestic announced that they entered into the Merger Agreement pursuant to which First Majestic will acquire all of the issued and outstanding common shares of Gatos Silver. The proposed Transaction would consolidate three world-class, producing silver mining districts in Mexico to create a leading intermediate primary silver producer. Information relating to the proposed Transaction can be found at the Company’s website at www.gatossilver.com . Cautionary Note Regarding Forward Looking Statements This news release contains “forward‐looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws and “forward‐looking information” under applicable Canadian securities laws (collectively, “forward‐looking statements”). These statements relate to future events of First Majestic and/or Gatos Silver that are based on assumptions of management of First Majestic and/or Gatos Silver made in good faith in light of management's experience and perception of future developments. Forward‐looking statements in this news release include, but are not limited to, statements with respect to: closing of the Transaction and the terms and timing related thereto; the timing and receipt of required shareholder and other approvals; satisfaction of the conditions to completion of the Transaction; and the anticipated timing of mailing proxy statements and circulars regarding the Transaction. Assumptions may prove to be incorrect and actual results may differ materially from those anticipated. Consequently, guidance cannot be guaranteed. As such, investors are cautioned not to place undue reliance upon guidance and forward‐looking statements as there can be no assurance that the plans, assumptions or expectations upon which they are placed will occur. Actual results may vary from forward‐looking statements. Forward‐looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results to materially differ from those expressed or implied by such forward‐looking statements, including but not limited to those factors discussed in (a) the section entitled “Description of the Business ‐ Risk Factors” in First Majestic’s most recently filed Annual Information Form, available under its profile on SEDAR+ at www.sedarplus.ca , and as an exhibit to its most recently filed Form 40‐F available on EDGAR at www.sec.gov/edgar or on First Majestic’s website and (b) the Gatos Silver’s Annual Report on Form 10-K for the year ended December 31, 2023, available on EDGAR at www.sec.gov/edgar or on Gatos Silver’s website. First Majestic is not affirming or adopting any statements or reports attributed to Gatos Silver in this news release or made by Gatos Silver outside of this news release. Gatos Silver is not affirming or adopting any statements or reports attributed to First Majestic in this news release or made by First Majestic outside of this news release. Although First Majestic and Gatos Silver have attempted to identify important factors that could cause actual results to differ materially from those contained in forward‐looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. First Majestic and Gatos Silver believe that the expectations reflected in these forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included herein should not be unduly relied upon. These statements speak only as of the date hereof. First Majestic and Gatos Silver do not intend, and do not assume any obligation, to update these forward-looking statements or forward-looking information, except as required by applicable laws. Investors and Media Contact André van Niekerk Chief Financial Officer investors@gatossilver.com (604) 424 0984MIAMI — As president-elect Donald Trump considers Ron DeSantis to lead the Pentagon, many Floridians may be wondering: Who will be governor if he takes the job? The answer is Jeanette Núñez. As lieutenant governor, Núñez, 52, would be the first in line to serve as governor in the event that DeSantis resigns his post, according to state law. If that were to happen, Núñez would become Florida’s first Cuban-American and first female governor. Here’s what else to know about her: She’s a Miami native Núñez, a wife and mother of three, has deep roots in South Florida. She was born and raised in Miami, and is a graduate of Florida International University, where she earned a Bachelor of Arts degree in International Relations and Political Science and a master’s degree in Public Administration. After graduating, she dipped her toes into politics by working as a legislative aide to former state Sen. Alex Diaz de la Portilla. She became a state legislator Núñez, a Republican, was first elected to the Florida House of Representatives in 2010. She quickly rose through the ranks and was named Speaker Pro Tempore in 2016. The role — which ran through 2018 — was ceremonial, but indicative of her relationships in the conservative Florida House. While serving in that role, Núñez was picked by DeSantis as his running mate. She pushed for in-state tuition for immigrant students During the 2014 legislative session, Núñez was a key player in pushing legislation to allow children of undocumented immigrants to pay the same in-state tuition rates for college as other Floridians. The measure was approved by the Republican-controlled Legislature. “This is about upward mobility, about a subset of our population that has attended our public schools,” Núñez said at the time. “We have spent tens of thousands of dollars educating them and it doesn’t make sense to hold these children back.” Nearly a decade later, in 2023, DeSantis led an effort to repeal the law, saying the state should not “subsidize” the education of non-U.S. citizens. That effort failed. Núñez has also been caught in the crosshairs of other hard-line immigration policies proposed by the governor. She has worked in health care In 2004, she worked at Jackson Health System as the state director for government relations, handling the hospital’s state affairs. Two years later, in 2006, she was promoted to vice president of government relations overseeing local, state and federal affairs. And in 2010, the year she was elected to the Florida House, she became vice president of community affairs for Kendall Regional and Aventura Hospitals and Medical Centers. She is the head of Space Florida Núñez is the chairwoman of Space Florida, the state’s aerospace agency. She has helped oversee rocket launches from Cape Canaveral and Kennedy Space Center, which in recent years have represented the vast majority of the orbital flights from the U.S. This year, the Space Florida Board of Directors outlined major upgrades around Cape Canaveral to continue building on this year’s record number of launches. In addition to Space Florida, Núñez has other statutory responsibilities as lieutenant governor, such as acting as the governor’s successor. State law also says the governor may assign her, without Senate confirmation, the duty of serving as the head of any one department. In her case, it has been the Department of Health. Under state law, she is to have direct involvement in economic development and workforce development projects. Núñez also serves as the chair of Florida’s Cybersecurity Task Force and is a member of the Statewide Council on Human Trafficking. ©2024 Miami Herald. Visit at miamiherald.com . Distributed by Tribune Content Agency, LLC.jili mnl

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Bad Bunny announces a new album, 'Debí Tirar Más Fotos' Happy holidays from Bad Bunny , who announced Thursday he will release a new album Jan. 5. Maria Sherman, The Associated Press Dec 26, 2024 11:43 AM Dec 26, 2024 11:50 AM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message FILE - Bad Bunny performs at the Latin Billboard Awards in Coral Gables, Fla., on Oct. 5, 2023. (AP Photo/Marta Lavandier, File) Happy holidays from Bad Bunny , who announced Thursday he will release a new album Jan. 5. “Debí Tirar Más Fotos,” which translates to “I should have taken more photos,” is his sixth studio album and follows in his tradition of releasing new music on unexpected dates. His debut album, 2018’s “X 100PRE," arrived around Christmas and 2020's “El Último Tour del Mundo” near Thanksgiving. The January release date is just before “Día de Reyes,” or Three Kings Day, and is a Sunday — unlike the industry's standard Friday release date. The Puerto Rican musician announced the news on Instagram in a short video featuring filmmaker Jacobo Morales. He also released a new single, “PIToRRO DE COCO.” A day before, Bad Bunny teased a 17-track list on social media, with each song titled “BOMBA,” perhaps in reference to the Puerto Rican musical style and dance. “Debí Tirar Más Fotos” follows 2023's “Nadie Sabe Lo Que Va a Pasar Mañana” (“Nobody Knows What Will Happen Tomorrow”), which was met with mixed reviews. On that album, Bad Bunny's reggaeton offerings were limited, returning instead to the Latin trap of “X 100PRE” in songs like “MONACO” and “GRACIAS POR NADA.” The announcement caps a busy year for El Conejo Malo. Bad Bunny made headlines after he threw his support behind Vice President Kamala Harris shortly after a comedian at Donald Trump’s Madison Square Garden rally made crude jokes about Latinos and called Puerto Rico a “floating island of garbage.” He also canvassed North America on his “Most Wanted Tour,” which made The Associated Press' list of the best concerts of the year. Maria Sherman, The Associated Press See a typo/mistake? Have a story/tip? This has been shared 0 times 0 Shares Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message More Entertainment News 'Baby Driver' actor Hudson Meek, 16, dies in a fall from a moving vehicle Dec 26, 2024 7:51 AM Hwang Dong-hyuk on killing off his 'Squid Game' characters and wanting to work with Jake Gyllenhaal Dec 26, 2024 6:58 AM Americans are exhausted by political news. TV ratings and a new AP-NORC poll show they're tuning out Dec 26, 2024 6:01 AM Featured FlyerMonroe St. Mary, Traverse City St. Francis reach Division 3 volleyball title game

Nearly seven years ago, when Jessie Pocock became executive director and CEO of Inside Out Youth Services, which supports LGBTQ+ youths in Colorado Springs, she oversaw one full-time and one part-time employee, a budget of $250,000 and a handful of programs for teens. When she exits the role at the end of this month, she’ll leave the organization with 19 paid staff, a budget topping $2.2 million, dozens of programs and an expanded community center that is experiencing record client growth. “It continues to be a challenging time for these young people, the rhetoric around being LGBTQ in schools and maybe in their homes is hard and impactful,” Pocock said. “If they're not feeling respected, loved and heard, they know they can come to Inside Out and get that, and it helps them go back to school or wherever.” Pocock’s leadership since 2018 has been “transformative and inspirational,” said Inside Out board member Dom Angiollo. “She’s a visionary in how she’s been able to grow this organization,” he said. “While most other organizations were struggling to survive during the pandemic, and then dealing with post-Club Q, which had a huge impact on the LGBTQ community — despite those two obstacles and traumatic events, she was able to grow the organization.” Pocock turned the setbacks of those events into opportunities, creating new virtual programming and meetups during COVID-19 that have continued today, and improving security after the November 2022 mass shooting at the gay bar, Club Q, to include an on-site guard who teens nicknamed the Knight of the Rainbow Table. And in February, the organization relocated to a much larger space. “We were operating on such a shoestring budget, and my first few years it was really hard to get any funding from anyone,” Pocock said. “I did everything to pull in money to support the programs these young people deserve and need,” she said. “One of the things I recognized right away is not every young person is going to have access to our community center, but if we can change the community we can impact tens of thousands of lives. So we built robust, evidence-based programs in the center to reach them and support them no matter where they are.” Pocock employed the same strategy she’s used with helping LGBTQ+ teens and young adults grapple with issues. She built relationships with funders around the state, with the organization’s clients, who are ages 13-24, and with employees. “We are an organization that’s about young people, and it takes people to build those relationships — which are so protective,” she said. Research shows youths are less likely to use substances, be truant from school, or attempt suicide if they have a trusted adult in their lives, Pocock said. The work of Inside Out also is about “developing and supporting that leadership coming around these young people that share their identities,” she said. “We have such a relentless passionate group of staff who make things happen.” Next door to a former gay nightclub and dance hall, the new Inside Out at 516 W. Colorado Ave. has many rooms, including a Maker Space for hanging out or engaging in the center’s offerings. “As one that seeks to create conditions for young people to thrive, to bring young people together not around alcohol, but around connection and learning, tells us we’re really becoming a true community center especially for young people,” Pocock said. Last year, 232 youth used in-person and virtual programs of Inside Out, with a total of 3,847 visits for everything from activities such as music nights and baking classes, access to an on-site clothing closet and lending library, educational talks, advocacy and social justice projects and health-related programs on suicide prevention and substance abuse. The organization also provided 650 individual therapy sessions with youth last year and offers services such as testing for sexually transmitted infections and connections to find medical providers. Also, Inside Out runs the Safe at Schools Coalition, a group of students, parents, educators, administrators and advocates, collaborate to make schools safer for all students, regardless of sexual orientation, transgender status, gender identity or gender expression. Pocock’s personality has been just the right fit for working with teen clients, Angiollo said. She’s one of those leaders who treats all people she interacts with — even if it’s a brief encounter — as though they have value and they belong, he said. “She has this enthusiasm about her that, no matter what’s going on, no matter what negativity is happening, she has an aura of positivity that makes you feel like there’s still hope and I’m still valued. And given the youth we work with and what they experience outside our community center, that’s so important.” Pocock said she’d “love to stay at the job,” but for the past year and a half she’s faced health issues. As her contract neared expiration, the organization’s board asked her what she planned to do. “In September, I took a medical leave, and I’d been thinking about stepping down,” she said. “I need to focus on getting my health back in order and the organization needed to move forward.” Pocock’s last day is Dec. 31. For now, she’s been assisting with the transition to a new co-director model of leadership that employees proposed. The board selected Angie Hackett-Larson and Stephanie Samora, who had already been working for Inside Out, to serve as co-directors. “They provide a perfect complement to each other with Angie’s strengths focused on operations and programs, while Stephanie’s strengths are in community relations and fundraising,” board members said in a recent letter to supporters announcing the change in leadership. Pocock previously worked as director of the LEAD Foundation, a high school program that supports students who have learning and educational disabilities. What might be next in her career depends on what comes along and feels right, she said, mentioning that she’s also a poet and a writer so might veer in a creative direction. As a member of the LGBTQ+ community, Pocock said there’s still work to be done to help kids feel safe, connected and comfortable with who they are and how they're treated by society. “Even as young people, they’re wise and understanding that 'It’s not so much about me but about somebody not understanding, and my job is to be a good person and be nice to my friends and good to other people. And hopefully folks will come around to being more supportive.'”Bill Belichick didn't wait around for a call that he might not get from an NFL team. With no guarantees that another opportunity might come his way — only the Atlanta Falcons interviewed Belichick last offseason — and unsure whether he could find the right fit in the NFL, the 72-year-old future Hall of Fame coach decided to go back to school. Belichick took his eight Super Bowl rings to North Carolina on a mission to build a college program the way he constructed two dynasties during 24 seasons with the New England Patriots. It starts with doing things his way. The Patriot Way is legendary. Perhaps it'll translate into the Tar Heel way. That's to be determined. But Belichick is back doing what he loves: coaching. And, he's going to run the show with his guys around him. An NFL team giving Belichick full control the way he had in New England seemed unlikely. Success at North Carolina could change that thinking. For now, Belichick's quest to break Don Shula's all-time record for most wins in the NFL is on hold. He's 15 victories short but the buyout clause in his college contract — a $10 million fee if done before June 2025 and $1 million after that date — leaves the window open for a return to the league. If Belichick stays in college or retires without returning to the NFL, his legacy is already cemented. Winning at North Carolina will only enhance his reputation. Losing won't impact his NFL resume. "He's one of the all-time great coaches. What he's done for the NFL and the game, we all know where he'll end up — in the Hall of Fame with a gold jacket," Dallas Cowboys executive Stephen Jones said Wednesday shortly before Belichick agreed on a five-year deal with North Carolina that pays him $10 million in base and supplemental salary annually with up to $3.5 million in bonuses per year. Belichick has his detractors. There's no denying he couldn't win without Tom Brady. He was 29-39 and had no playoff wins without No. 12 in his final four seasons with the Patriots. Critics have labeled him a cheater because of the Spygate and Deflategate scandals. He overlooked Aaron Hernandez's issues. He was tough on players, even alienating Brady in the end and letting him walk him away in free agency in 2020 only to see him lead the Tampa Bay Buccaneers to a Super Bowl in his first season there. But Belichick instilled in players the importance of doing their job and presided over an unprecedented two-decade run of dominance that withstood changing times, free agency, salary-cap restrictions and much more. Brady has always maintained how important Belichick was for his career, giving him credit for helping him become one of the best players in sports. Now, Belichick is onto Chapel Hill in a surprise twist after he spent most of the NFL season reinventing himself as an entertaining and engaging analyst. Belichick is a football genius and his knowledge came across on television. But he also displayed a fun personality, trading quips with the Mannings and cracking jokes with Pat McAffee. "College kind of came to me this year," Belichick said at his introductory news conference. "I didn't necessarily go and seek it out. I had many coaches, probably a couple dozen coaches, talk to me and say, 'Can we come down and talk to you about these things?' Let's call it the salary cap of pro football relative to college football. The headsets, the green dot, the two-minute warning, the tablets on the sideline. Those were all rules changes this year for college football that were either or the same or similar to what we had in the NFL. These coaches said, 'Hey coach can we talk to you about how you did this? How you did that? How did you use this?'. "As those conversations started and then the personnel conversations started relative to salary cap and how you spend whatever the allotment of money you have. I'd say that started to make me a lot more aware of it because the first thing I would have to do is learn about it. .... As you learn different things about different programs you start to put it all together. There is some common threads and there's some variables." How will he do as a college coach? Nobody knows yet. Three of Belichick's former players were skeptical before he took the job. "There's a lot of things he can do, and obviously he's tremendous, and even showing his personality. But getting out there on the recruiting trail and dealing with all these college kids, that would be ..." Brady said before trailing off during a conversation on Fox's NFL pregame show last Sunday. Fellow former Patriots Rob Gronkowski and Julian Edelman also wondered the same. "Can you imagine NIL, and all that nonsense?" Gronkowski said. Edelman added: "Can you imagine Bill on a couch recruiting an 18-year-old?" But Belichick doesn't have to recruit kids on visits. These are new times in college sports. The NIL has dramatically changed the landscape. Plus, Belichick's name is enough. Just like Deion Sanders at Colorado. "I think it could be great for this game, honestly, if he can find a way to make college football more like this in terms of what's being asked of the coaches, the recruiting staff, the personnel, the NIL, and all those different things," Tampa Bay Buccaneers offensive coordinator Liam Cohen said. "If he can make it a little bit less demanding on some of the coaches and create a great atmosphere and have success, I think it's great for our game. It's pretty cool to see, actually." Time for Belichick to do his job.

South Korean lawmakers seek president's impeachment after 6-hour martial law declaration

Scores of Chinese warships and aircraft are fanning out across the Pacific. Russian ships are plowing waters near South Korea and Japan. And North Korea, in recent months, has been stepping up missile launches. On a top floor of Japan’s Defense Ministry headquarters, one official describes the current security situation as “the biggest challenge since World War II.” Japan’s military cannot face these threats alone – a point underlined by Japan’s defense minister Tuesday when he met with visiting U.S. Defense Secretary Lloyd Austin. He stressed the need to boost trilateral cooperation among the United States, Japan, and South Korea. At the center of this alliance is the historically fraught relationship between Tokyo and Seoul, which has improved dramatically over the past two years. But the ongoing political crisis in South Korea, ignited by President Yoon Suk Yeol’s bungled attempt to impose martial law last week, threatens future cooperation. Opposition parties are now working to impeach Mr. Yoon, arguing in part that he endangered South Korea by pursuing “a strange Japan-centered foreign policy.” South Korea’s alliance with Japan and the U.S. “is already a very challenging issue,” says retired South Korean army Lt. Gen. Chun In-bum. “If Yoon goes down, it will get worse.” From the top floors of Japan’s Defense Ministry headquarters, the view of East Asian security is increasingly dire, adding urgency to Tokyo’s goal of strengthening the U.S.-Japan-South Korea alliance despite ongoing political upheaval in Seoul. Scores of Chinese warships and aircraft are fanning out this week around Japan, South Korea, Taiwan, and the South China Sea as part of a massive Chinese military exercise. Russian ships, in an apparently coordinated move, are plowing waters near South Korea and Japan. North Korea, meanwhile, has been stepping up missile launches in recent months, firing one in October that landed off the coast of Japan’s northern island of Hokkaido. “We are getting into a new crisis era,” says a Japanese Defense Ministry official, speaking on the condition of anonymity, per the ministry’s press policy. She describes the country’s security environment as “the biggest challenge since World War II.” Japan’s military cannot face these threats alone – a point stressed by Japanese Defense Minister Nakatani Gen on Tuesday when he told visiting U.S. Defense Secretary Lloyd Austin that they need to boost “alliance capabilities to deter and respond” to the “increasingly severe” security challenges. At the center of this alliance is the historically fraught relationship between Japan and South Korea. Over the past two years, Japan and the United States have made major strides in the trilateral defense relationship with South Korea. But whether that progress can continue has been thrown into question by the political crisis in Seoul, ignited by President Yoon Suk Yeol’s bungled attempt to impose martial law last week. South Korea’s alliance with Japan and the U.S. “is already a very challenging issue,” says retired South Korean army Lt. Gen. Chun In-bum. “If Yoon goes down, it will get worse, which is going to be a real shame.” Mr. Yoon, a conservative elected in 2022, helped bring about a dramatic improvement in South Korea’s ties with Japan, which had plunged to their lowest point in decades as a result of festering historical disputes over Japan’s 1910-1945 colonial rule of the Korean Peninsula. Ties were so strained, for example, that in 2018 Japan’s Defense Ministry charged that a South Korean navy destroyer directed a targeting radar system at Japanese military patrol aircraft, charges that South Korea denied. Mr. Yoon put these tensions squarely in the rearview mirror, saying in 2023 that Japan had “transformed from a militaristic aggressor of the past into a partner.” Mr Yoon and then Japanese Prime Minister Kishida Fumio, a fellow conservative, launched the two nations into military cooperation including joint anti-submarine warfare exercises and ballistic missile defense drills. In June this year, Seoul and Tokyo normalized defense relations, and in July, together with Washington, they signed a memorandum to institutionalize their defense ties in a bid to lock in policy talks, joint training exercises, and information sharing on ballistic missiles. In part, the agreement was meant to sustain ties despite “ups and downs in the political situation in each of the three countries,” says a second Japanese defense official. In November, Mr. Nakatani became the first Japanese defense minister to board a South Korean warship, when the ship made a port call in Yokosuka, Japan. He was reportedly scheduled to visit South Korea later this month – the first Japanese defense minister to do so in nine years – but the ongoing political crisis has complicated these plans. As police investigate whether Mr. Yoon’s martial law decree constituted an insurrection, judicial authorities have barred the president from leaving the country. Mr. Nakatani’s counterpart, former Defense Minister Kim Yong-hyun, resigned last week for his role in the martial law decision and was arrested. On Tuesday he reportedly attempted suicide in jail. A coalition of South Korean opposition parties is now working to impeach Mr. Yoon, arguing in part that he endangered South Korea by improving relations with Japan. The impeachment motion states that Mr. Yoon “has antagonized North Korea, China, and Russia, [and] insisted on a strange Japan-centered foreign policy ... inviting isolation in Northeast Asia and triggering the crisis of war.” If Mr. Yoon is forced from office or steps down, and the center-left opposition gains power, ties with Japan could suffer, say defense experts in both countries. “If the people choose a left-wing cabinet that is pro-North Korea, that would be very, very difficult,” says a senior Japanese Defense Ministry adviser. Meanwhile, Japan’s relationship with the U.S. – which has often acted as a stabilizing intermediary between Tokyo and Seoul – becomes all the more important, despite Washington facing its own political turnover in January. Secretary Austin, visiting U.S. forces based in Japan this week to hear about efforts to modernize command-and-control between the two militaries, emphasized that the U.S.-Japan alliance is stronger than ever. “America’s extended deterrence commitment to Japan and the Republic of Korea is ironclad,” Secretary Austin said, pledging the U.S. will advance the “historic” trilateral cooperation with South Korea. At the bustling Defense Ministry in Tokyo, eight television screens broadcast different news channels above an open office. Officials here say Japan is prioritizing its relationship with the U.S., but wants to build upon ties with South Korea when possible. “We can’t control the South Korean domestic situation – we can watch carefully and cooperate with the U.S.,” says the Defense Ministry adviser.DALLAS — As Perry Minasian prepared to leave the winter meetings on Wednesday, he wasn’t sure what he’d actually accomplished during his few days in Dallas. The Angels didn’t acquire any players during the event — aside from a left-handed reliever picked in the Rule 5 draft — but Minasian said he hoped he laid some groundwork for deals that could come to fruition throughout the rest of the winter. “We’ll find out,” he said. “I hope so. There are a lot of conversations.” The Angels still need some of everything. Minasian, per usual, would not rank the needs. “We want to get better,” he said. “We want to get deeper. Is that the bullpen? Is that the position players? Is that infield? Is that outfield? Is that starting rotation? We’ll find out. But we would definitely like to add to the team, not only the 26 but below that too.” Considering what the Angels have done and what they have currently, the infield nonetheless still seems to be a pressing need. Shortstop Zach Neto, third baseman Anthony Rendon and utility infielder Luis Rengifo will all be coming off injuries. So far the Angels have only added Kevin Newman and Scott Kingery to provide depth behind that group. A player who can start at third or second would be ideal. The Angels have checked in on trades for at least three third basemen: Nolan Arenado of the St. Louis Cardinals, Alec Bohm of the Philadelphia Phillies and Eugenio Suarez of the Arizona Diamondbacks. A deal for any of those players could be costly — in terms of money with Arenado and talent with Bohm or Suarez. Among free agents, third baseman Alex Bregman is the top of the market, followed by second baseman Gleyber Torres. Bregman is certainly out of their price range, and Torres may be as well. One intriguing option below them would be Jorge Polanco, who is a 31-year-old bounce-back candidate who can play second, third or shortstop. He could likely be had for $8 million to $10 million. Polanco had a career .780 OPS over parts of 10 seasons with the Minnesota Twins, but that dropped to .651 last season with the Seattle Mariners, who declined his option. Seattle is a notorious pitcher’s park, and Polanco had a .606 OPS at home, and a more reasonable .694 mark on the road. Some of last year’s decline could have been attributed to playing through knee issues that ultimately required surgery. He also had a .740 OPS with 11 homers in the second half. Polanco is also a switch-hitter who has been better from the left side over his career. The Angels are in need of any good hitters, but ideally they’d add some who are better against righties, because that was their weaker side last season. “You always want to balance the lineup as best as you can,” Minasian said. “It’s just about what’s available. So we wouldn’t pass on a right-handed hitter that we feel like is productive.” RULE 5 PICK The Angels selected left-handed reliever Garrett McDaniels from the Dodgers in the Rule 5 draft. McDaniels joins the Angels’ 40-man roster. They must keep him on the major league roster all season or else offer him back to the Dodgers. McDaniels, 24, had a 3.19 ERA with 84 strikeouts in 73 1⁄3 innings last season. He pitched just three innings at Double-A, and the rest were at two levels of Class-A. “Good arm, can spin two breaking balls, heater’s 94-95, combination of ground balls and strikeouts,” Minasian said. “Now, it’s at lower levels, but stuff is stuff. We felt like it was worth taking a look at him at spring training, and we’ll see if he can make the team. ... “You can never have too many lefties, and especially guys that can really spin the ball. It’s a good trait to have in the bullpen.” ARIZONA UPGRADES Before Minasian came to Dallas, he stopped in Arizona to get a look at the upgraded spring training facilities. The Angels re-did their clubhouse, weight room and offices, and they added pitching and hitting labs. “It looks great,” Minasian said. “I had a chance to walk through. It’s not completely finished. Obviously, we still have time. It blew me away. It’s better than I even thought it would be. The labs are awesome.” The Angels have been behind other organizations in terms of their technology. This facility should help them catch up, and Minasian believes it will translate to improved performance of their players. “I think it’s going to be significant,” Minasian said. “I really do. I think it will be a significant upgrade from what we had.” Related Articles Los Angeles Angels | Angels win No. 2 pick in 2025 MLB draft lottery Los Angeles Angels | Nolan Arenado traded to the Dodgers or Angels? Not likely Los Angeles Angels | Angels open to adding a full-time third baseman, despite having oft-injured Anthony Rendon Los Angeles Angels | Angels look to continue upgrading as they head to winter meetings Los Angeles Angels | Alexander: Golden at-bat? It would only tarnish baseball KIKUCHI’S ROLE The Angels have made much of what they hope to gain by having veterans like Kyle Hendricks and Travis d’Arnaud around their young players, and that also applies to Yusei Kikuchi. Although it’s reasonable to think the language barrier might preclude Kikuchi from having the same type of influence, Minasian said he is “100%” certain that Kikuchi will help Angels young pitchers, both with his words and actions. “His English is pretty good,” Minasian said. “The work ethic and the the prep and the weight room stuff. People see him doing the work. If you ask people in Toronto and the short stay in Houston and even in Seattle, it’s real. It will be good for our guys.”Seven announces Matt Doran's replacement on Weekend Sunrise: 'Beyond excited'

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Learn more >Subsea7 awarded contract in the US Gulf of MexicoPM directs cut in power tariff PM Shehbaz says that low-cost power project produce environment friendly and affordable electricity ISLAMABAD: Prime Minister Shehbaz Sharif on Friday directed the relevant authorities to further reduce power tariffs and expedite the implementation process of the action plan of the future power generation projects. Chairing a meeting to evaluate and diAscuss the future electricity and power plans of country, the prime minister stressed the need for prioritising the low-cost power projects based on local resources. During the meeting, the prime minister was informed about the progress of the ongoing hydro power projects across the country. PM Shehbaz said that the low-cost power project produce environment friendly and affordable electricity. He further directed that the current electricity generation capacity should also be shifted to solar energy. Globally, electricity is being produced from environmentally friendly, low-cost solar energy, he noted, adding that Pakistan was fortunate in this regard as the country had vast potential for solar energy. The prime minister was also briefed on the progress of phasing out inefficient power plants that consume more fuel but produce less electricity. He ordered the immediate closure of such outdated power plants adding that closing these plants would not only save valuable foreign exchange, but also reduce electricity costs for consumers. The prime minister instructed that immediate action be taken against all officials deliberately obstructing reforms in the power sector. He also directed that reforms in the electricity transmission system be expedited. The power transmission system should be upgraded according to international standards, the prime minister further directed. He ordered swift implementation of a system based on modern technology for the selection and transmission of low-cost electricity. The prime minister issued instructions to complete all measures for the reform of the power sector within the specified timeline. The meeting was attended by Federal Ministers Ahad Khan Cheema, Sardar Awais Khan Leghari, Dr Musadik Malik, Minister of State Ali Pervaiz Malik and other relevant high officials. Meanwhile, Energy Minister of Tajikistan Daler Jumma Friday called on Prime Minister Shehbaz Sharif at the PM House and discussed matters of mutual interests. During the meeting, regional connectivity projects, including CASA-1000, were discussed. Both sides agreed to further promote cooperation in sectors such as communications, particularly land-based connectivity, energy, education, and agriculture. Daler Jumma is visiting Pakistan to participate in the Pakistan-Tajikistan Joint Commission. The prime minister welcomed Daler Jumma to Pakistan and expressed satisfaction with the progress made in bilateral cooperation between the two countries in various sectors during the Joint Commission. Recalling his visit to Tajikistan and his recent meetings with Tajik President Emomali Rahmon in Riyadh and Baku, the prime minister extended his best wishes to the Tajik president and expressed hope that President Rahmon would visit Pakistan soon. He expressed satisfaction with the memorandums of understanding (MoUs) and agreements reached during his visit and emphasised that timely implementation of these agreements would further strengthen bilateral relations. The Tajik minister thanked the prime minister for the warm welcome and hospitality and emphasised the importance of enhancing relations and cooperation between the two countries. The meeting was also attended by Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar, Minister for investment and communications Abdul Aleem Khan, Minister for Economic Affairs Ahad Khan Cheema, Minister for Energy Awais Ahmed Leghari, Minister for Petroleum Musadik Malik, Adviser to the PM Tariq Fatemi and relevant government officials.

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