The Price of Realism: Why AAA Games Are Struggling to Keep Up with Skyrocketing Graphics Costs
Ranking MLB Free Agent, Trade Options at SP After Corbin Burnes to Diamondbacks
New Delhi: Billionaire Gautam Adani’s group on Saturday clarified on reports of Kenya cancelling more than USD 2.5 billion in deals after US indictment on bribery charges, saying it had not entered into any binding agreement to operate Kenya’s main airport. On the pact it had signed last month to build and operate key electricity transmission lines in Kenya for 30 years, the group said the project did not fall within the ambit of Sebi’s disclosure regulations, thereby not warranting any disclosure on its cancellation. The group was responding to notices sent by stock exchanges to confirm reports of Kenyan President William Ruto ordering the cancellation of a procurement process that had been expected to award control of the country’s main airport after the conglomerate’s founder was indicted in the United States. Adani Enterprises Ltd, the flagship firm of billionaire Gautam Adani’s group which houses its airport business, in a filing said it had in August this year incorporated a step-down subsidiary in Kenya to upgrade, modernise, and manage airports. “While the company was in discussion with the relevant authority for the said project, till date neither the company nor its subsidiaries (i) have been awarded any airport project in Kenya, or (ii) entered into any binding or definitive agreement in connection with any airport in Kenya,” the firm said. It did not confirm or deny reports of Kenya cancelling the airport deal. Adani Energy Solutions Ltd, the firm that operates power transmission lines, in a separate filing said on October 9 it was awarded the project to construct transmission lines in Kenya. Thereafter, it had incorporated a step-down subsidiary in Kenya. “We submit that the project does not fall within the ambit of item 4 of Para B, Part A, Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (Sebi Listing Regulations) which requires intimation to be made for any awarding, bagging/ receiving, amendment or termination of awarded/bagged orders/contracts other than in the ordinary course of business,” it said refusing to confirm or deny the cancellation. It went on to state that the award of the project was in the ordinary course of business of the company and its subsidiaries as they are engaged in the business of transmission and distribution of energy (among other things). “Consequently, any cancellation of such Project will also not fall within the ambit of item 4 of Para B, Part A, Schedule III of the Sebi Listing Regulations,” it added. Under the proposed airport deal worth nearly USD 2 billion, the conglomerate was to add a second runway at Jomo Kenyatta International Airport and upgrade the passenger terminal. It was also to operate it on a 30-year lease. Kenya’s President in his state of the nation address on Thursday also stated that he was cancelling a separate 30-year, USD 736-million public-private partnership that an Adani Group firm signed with the Ministry of Energy and Petroleum last month to construct power transmission lines. That followed US authorities indicting group Founder and Chairman Gautam Adani and seven others for allegedly agreeing to pay USD 265 million to Indian officials to win lucrative solar power supply contracts. The Adani Group denied the allegations as baseless and said it would seek “all possible legal recourse”. The tender to operate Kenya’s main airport was put on hold following local protests. Adani Energy Solutions Ltd had last month signed a project agreement with the Kenya Electricity Transmission Company Ltd (Ketraco) for developing three transmission lines and two substations.
In addition to its entertainment value, "Ne Zha 2" also carries a deeper cultural significance, as it continues to showcase Chinese mythology and folklore to a global audience. The success of the first film helped raise awareness of traditional Chinese stories and characters, sparking renewed interest in the country's rich cultural heritage.The school board will discuss on Monday evening whether to ask voters for bonds and/or levies as part of the upcoming May school election. The bruising defeat in May of two safety levies cast a shadow over recent budget committee discussions of whether to request money from voters, dividing school advocates on how to proceed. The district elected not to run a high school bond planned for the November general election after the results of the recent election. Opponents of running bonds and levies this May argue that asking tax-fatigued voters for money is tone deaf and that the returns of the last election — in which each levy received about 36.6% of the vote , less than the local vote share captured by Vice President Kamala Harris in the November presidential election — make failure almost certain. “It could be perceived as aggressive, that we don’t listen,” Superintendent Erwin Garcia said. “From a strategic standpoint it would be wise for us to wait.” Billings School District 2 Superintendent Erwin Garcia says he thinks it would be better to wait to ask the voters for increased funding. Supporters believe that it is the school district’s obligation to ask voters for money and that the district is obscuring its true needs from the community by not asking. “Just because the community doesn’t support us, doesn’t mean we don’t ask,” said Trustee Teresa Larsen. “Our education needs still exist. Do we crawl into a hole and hide?” Larsen Other supporters said that it’s the district’s job to advocate for education and the taxpayers’ job to consider their own finances. To further complicate the picture, the decision comes at a time of flux for school funding: between this fall’s end to federal pandemic aid for schools and an upcoming legislative session that could shake up school funding for better or worse. School district budgets depend on yearly passing bonds and levies under the state’s current funding model. “It’s not extras,” said Lance Melton, who has been CEO of the Montana School Board Association since 1996. He compared passing levies to tuning up a Chevy, not buying a Cadillac. Levies are used for operational costs whereas bonds are used for new buildings or major renovations, a difference simplified to “levies are for learning and bonds are for buildings.” The levy discussion has also forced participants to grapple with how campaigning for a levy has become more challenging over the years — due to demographic shifts and decreased voter awareness of school issues — and to brainstorm ways in which the district could improve its chances passing a levy in the future. Controversy among school advocates about whether to run a levy is a novelty for those who have been involved in the school system for many years, as asking voters for money, as part of the state’s funding model, used to be par for the course — pass or fail, rain or shine — for the school district. “I am from the old school that believes we need to run a levy every year,” said Scott McCulloch, who has been in education since the 1970s and is currently chairman of the school board. “What you hear now, I’ve heard it from the board for several years, is that you have to be aware of voters,” he continued. The school district ran bonds and levies eight times between 2000 and 2009 and six times between 2010 and 2019, always running multiple at once until 2019. Since 2020, the district has run a levy every other year. This past election was the first time there had been more than one levy at a time on the ballot since 2017. The last successful high school levy was approved in 2019 and the last successful elementary school levy was approved in 2020. The period in the early 2000s of back-to-back asks saw varying degrees of success. In 2000, voters rejected elementary and high school bonds and a high school levy before passing the same two bonds the next year, with the elementary vote swinging by 8% and the high school vote swinging by 5% between the two elections. In 2002, voters passed elementary and high school levies, then rejected the same plus an elementary technology levy the next year. In 2004, voters rejected elementary and high school technology levies, as well as a high school bond and a high school levy, but passed an elementary bond. McCulloch called this period of running multiple bonds and levies every year “the end of fearlessness.” “We needed that money,” he said of the decision to run multiple at once. “We were running levies because we needed the money.” Potentially splitting the vote by running more than a handful of asks is unthinkable now. Discussions of what could be asked for in the upcoming election focused on a high school bond or rerunning the safety levies. Even Karen Moses, a former trustee and district employee in strong favor of running levies every year, urged committee members to put a high school bond on the ballot without an elementary request out of fear of sabotaging the bond. “If there are two, voters always like the little kids and won’t vote for the high school,” she said at a November budget meeting. Karen Moses speaks on in support of early education during a teleconference with legislators at Montana State University Billings Thursday. The elementary district is currently funded $218,206 below the maximum operational budget that the district could seek through a levy; meanwhile the high school district is funded $1,773,613 below its threshold. Trustee Zack Terakedis said that the district’s reluctance to ask for what it needs has already negatively impacted the district. Zack Terakedis “ Daylis is in the state it’s in because we’re scared to ask,” he said. Brown mold blankets the ceiling of one of the lower locker rooms located under the west end bleachers of Daylis Stadium on Tuesday, July 9. School districts across the state have become increasingly averse to running bonds and levies, which have become more difficult to pass. In the ‘90s, about 50% of the state’s 400 districts would run a levy in a given year and 90% would pass, according to Melton. The passage rate fell to about 70% during the Great Recession, which he called “groundbreaking.” “Up until then, I’d wait until 12 hours after the levy and put out an editorial thanking the voters,” he said. Last election cycle, just 50 districts ran levies and about 50% of those levies passed. Of the bonds and levies run last year by the state’s AA districts, including Billings, voters approved just 38.9% of asks. “It was another one of those ‘oh my goodness’ moments,” Melton said. “Not only the rate of passage and failure, but the absolute lack of districts even putting them out.” Billings’ two safety levies each captured 36.5% of the vote, the lowest vote share of any levies in the past 25 years. Prior to the failed 2022 high school levy, which received 36.98% of the vote, no school bond or levy run from 2000 onward had received under 40% of the vote besides a 2004 bond request to build a new high school. Lance Edward, president of the Billings teachers’ union, argued in a recent budget meeting that it’s important for the district to run levies even if they fail, to demonstrate to the Legislature that the existing funding model does not work . Lance Edward is photographed in his office at the Billings Education Association in downtown Billings on Friday, Aug. 23. “If you’re not in the game it’s hard to say it’s not working,” he said. Edward also said that upcoming decennial school funding study will include mill levy passage rates, which could be inflated if districts are running them only when they think the voters will support them rather than when schools need money. School advocates in Billings and across the state have attributed the increase in levy failures in recent years to voters’ property tax fatigue. But deliberations about the upcoming election have led veterans of the levy process to reflect on the ways in which demographic changes and lack of public awareness of school issues have made it more difficult to get voters to support levies. Statewide, the share of voters with children in schools has declined in the past 25 years. Since 2000, the state's population has grown by 26% and the number of public school students has decreased by 4%, according to Office of Public Instruction and U.S. Census Bureau data. “A decreasing share of the population has a direct stake in school elections,” Melton said. In Billings, the population has increased by 11% in the past decade, but public school enrollment has only increased by 1%. There is also decreased awareness of the challenges and successes faced by schools, because of changes in where voters are getting news and declining interest in local news. Nationally, the percentage of Americans who reported very closely following local news decreased from 37% to 22% between 2016 and 2024, according to the Pew Research Center . The decreased interest in local news has led to cuts across the industry. The Billings Gazette does not have a dedicated education reporter, for example. “There are very few outlets now for people to know what’s going on in the schools,” McCulloch said. “There’s been an effort by the school district to do that.” The school district has had difficulty getting parents engaged in school issues, which supporters believe is vital for levy passage. Terakedis said that there’s an “involvement issue” and that the district needs a “big cultural shift,” citing that the most well-attended community meeting hosted by the superintendent this year had seven parents. Edward said that the biggest parent turnout to the school board this year was in response to a challenge to the district’s library policy , though an $87 million general fund budget should be as alarming to people who care about education. McCulloch found even the book ban turnout paltry given the size of the district. “What we consider a turnout is 200 people,” he said. “That sends a message too. We’ve got a real challenge in engaging this community.” Levy campaigners must fight the tide of disengagement with vigorous campaigning, which is difficult to sustain year after year. "It takes too much to get a levy passed in this community," McCulloch said. "You can't keep that up, financially and with participation, every single year." Kristal McCamey, a member of the SD2 budget committee whose children attend Elder Grove Elementary, used her elementary district’s communication with parents as an example. Every month, parents receive emails about cuts to programs, technology shortages and the number of classes over accreditation. “It stays on top of mind,” she said. “It’s not just once a year saying ‘Hey, do you know that we need money?’” Under state law, teachers are not permitted to advocate for levies on school property or during school hours, but Melton said keeping parents informed of the district’s challenges and successes is essential to building a foundation of support for school funding requests. “Every day of the year you’re promoting the levy — not unlawfully,” he said. Opponents of running another levy, on the other hand, conceive of voters as being more informed. Lorraine Devamme, a district employee, said that if the Legislature allocates more money to public schools in the legislative session, a levy might fail because “voters will say (we) already got money.” In response to a proposed high school levy, Garcia said that “taxpayers know we don’t have a deficit” in the high school district. In advocating against a May bond or levy, Garcia said the district would have a better sense of its needs after the legislative session. For example, if the Legislature approves the governor’s proposal to allocate $81 million to deferred maintenance , the high school bond may not be the district's most pressing need. And if the Legislature passes a bill that ends permanent levies, as a drafted bill has proposed, the district will lose its technology levies and will need to ask for voter approval again. “There are so many moving parts,” Garcia said. “We should wait to see what happens so we can readjust.” Other bills before the Legislature include revising levies to be based on fixed dollar approvals rather than mills, requiring a supermajority of voters to pass voted mill levies and requiring minimum voter turnout to validate property tax levy elections. “If you have anything to do with public education, buckle up for this legislative session,” Terakedis said, who suggested that the district should try to pass a levy before a potential supermajority provision. Garcia voiced optimism about a proposed bill to increase school funding called the STARS Act, as did Devamme. “Lets give the Legislature an opportunity to listen to us, to give us some money,” she said. Other meeting attendees were more skeptical of putting faith in the legislature, after “four decades of the state not living up to its responsibility,” per Moses. In the last two budget meetings, committee members have discussed running a high school bond, updating the district’s technology levies or running another pair of safety levies. Though the district has permanent technology levies in place, they bring in a fixed dollar amount each year, though the costs of the personnel and software they pay for continue to increase — leaving less funding each year for other purchases. The district has been reluctant to run new technology levies due to fear that they will be rejected by the community and will cause the district to lose the meager ones currently in place. Scott Reiter, the facilities manager for the district, instead spoke on behalf of a high school bond. “A high school bond would have the most impact on this whole district,” he said. “The 2013 elementary bond changed elementary schools.” Meanwhile, Garcia and Jim Corson, another committee member reluctant to run a spring bond or levy, floated the idea of running another pair of safety levies. “To me, the safety issues were really compelling,” Corson said at the November budget meeting. “The safety levy is sexy. If you’re going to vote for something you vote for safety.” Districts across the state have gravitated toward safety levies for three reasons: they are a legitimate need, they seem to align with community priorities, and they allow district to request more money from voters than they could through operational levies, which are constrained by general fund budget caps. For example, Billings could only request $218,260 from voters through an elementary operational levy or $1,773,163 for high schools, but the district requested about $2.5 million for each through the recent safety levies. Safety levies run last May by districts across the state requested more money from voters than other levies — and performed worse at the polls. In AA districts that ran multiple levies, vote share was correlated with the size of the ask, not what it was for. In Missoula’s elementary district , a safety levy requested $11.24 per year per $100,000 of home value, while an operational levy requested $0.79. In the high school district, a safety levy asked for $4.08 and an operational levy for $1.65. Both operational levies outran their respective safety levies . The elementary school operational levy overperformed the safety levy by over 9% of the vote, or 1,764 votes. The high school operational levy outran the high school safety levy by 5.7%, or 1,737 votes. The high school safety levy was the only levy to fail. In Helena’s elementary district , an operational levy requested $2.08 annually per $100,000 in home value, while a safety levy requested $61.90 and a tech levy requested $39.97. In the high school district, a safety levy requested $80.27 and a tech levy requested $6.29. Voters rejected all five levies, with the bigger requests in each district failing by larger margins. The elementary general fund levy ran 9.22% ahead of the elementary safety levy , a difference of 1,623 votes. The elementary tech levy ran 3.97% ahead of the safety levy, with 756 more votes. In the high school district, the tech levy outran the safety levy by 4.77%, or 854 votes. Melton, of the state’s school board association, attributed low safety levy support to a “sticker shock” response to the cost. Billings School District 2 board chairman Scott McCulloch speaks during interviews with superintendent candidates at the Lincoln Center in 2023. Get our local education coverage delivered directly to your inbox. Public safety reporter {{description}} Email notifications are only sent once a day, and only if there are new matching items.Zimbabwe's 'pizza budget' proves economy on the verge of collapse
Online Black Friday shopping shattered records in 2024, with spending up 10.2% this year compared to 2023, according to data provided by Adobe Analytics. Consumers spent a record $10.8 billion online on Friday, which is nearly double what was spent just seven years ago on Black Friday. How does Black Friday shopping compare to a typical day? Spending on toys was over seven times higher than a typical day, jewelry had over six times the spending, and electronics had more than four times the spending. RELATED STORY | Black Friday vs. Cyber Monday: When are the better deals? Adobe Analytics said popular toys helped drive a massive increase in toy spending. Top toys sold on Friday include Harry Potter LEGO sets, Wicked toys, card and board games, Disney Princess toys and dolls, and Cookeez Makery oven playset, Adobe Analytics said. “Crossing the $10 billion mark is a big e-commerce milestone for Black Friday, for a day that in the past was more anchored towards in-store shopping”, said Vivek Pandya, lead analyst, Adobe Digital Insights .“And with consumers getting more comfortable with everything from mobile shopping to chat bots, we have tailwinds that can prop up online growth for Black Friday moving forward.” Adobe Analytics expects Thanksgiving weekend spending to remain robust. An estimated $5.2 billion is expected to be spent by Americans on Saturday, and $5.6 billion is expected to be spent at online retailers on Sunday. Cyber Monday is expected to generate $13.2 billion, a 6.1% increase from last year. RELATED STORY | Best apps to manage your money as the holiday shopping season ramps up The National Retail Federation expects that 200 million Americans will shop this weekend, nearly 4 million more than a year ago. Online shopping is projected to generate more revenue than in-person. “The five-day period between Thanksgiving and Cyber Monday represents some of the busiest shopping days of the year and reflects the continued resilience of consumers and strength of the economy,” said NRF President and CEO Matthew Shay. “Shoppers exceeded our expectations with a robust turnout. Retailers large and small were prepared to deliver safe, convenient and affordable shopping experiences with the products and services consumers needed, and at great prices.”
Furthermore, the tutorial emphasizes the importance of ergonomic keyboard design in facilitating comfortable gameplay for female gamers. Lenovo showcases their latest gaming keyboard models, featuring adjustable key switches, wrist rests, and customizable key layouts to accommodate different hand sizes and playing styles.