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Ricardo Salinas Pliego is no stranger to controversy and crisis. Over decades, the entrepreneur has feuded with business partners, investors and regulators as he built an empire that’s made him Mexico’s third-richest person. But even for Salinas, the current financial predicament is dire — and also a little odd. Ricardo Salinas Pliego is in a financial predicament. Credit: Bloomberg That’s because the bulk of his $US10.5 billion ($16.3 billion) wealth is tied up in a company, Grupo Elektra, that is poised to plunge in value as soon as it begins trading again on the Mexican stock exchange. This is where things get weird. Officials have been trying for days to lift the halt on the stock that was imposed in July, only to give up once buy orders hit trading screens in the pre-market auction. The problem: the bids are so shockingly low, coming in at less than 50 per cent of the stock’s value in July, that the market circuit breaker designed to limit volatility is immediately tripped, and the stock is halted again without a single transaction taking place. So for official bookkeeping reasons, Elektra’s shares are still worth the same 944.95 pesos they were quoted at on July 26, and Salinas’ wealth remains, precariously for now, intact. The cause of the initial ban was, like many things involving Salinas, a bit mysterious. Salinas himself had triggered the trading halt in July when he alleged a creditor had used the company shares to fund a $US110 million loan. Loading Lawyers for the billionaire said most of the shares appeared to have been sold, pushing the stock price down — with the rest allegedly pocketed by the creditor. The creditor has denied any wrongdoing. Index suspension What followed the allegations of fraud was easier to understand — after a month of no trading, Elektra got booted from the country’s main stock gauge, leaving it without the crucial support of index-tracking funds needed to support the share price. Which is why traders have been lobbing in such lowball bids when the exchange tried to restart trading.More than 200 children darted energetically from the starting line at Bernardston Elementary School on Wednesday morning to take part in the community’s longstanding turkey trot tradition. As fifth graders held hand-drawn mile-marker signs, a stampede of energetic kids — some sporting turkey-styled headwear — took off on a mile-long dash down School Road before lining up for glasses of apple juice. The tradition, developed by former physical education teacher Sue Scott, dates back to at least 2009. The event, always held the day before Thanksgiving, aims to encourage physical activity among the students. Physical education teacher Ryan Hanna, who was hired in October, said his fellow teachers and faculty members were instrumental in helping him plan this year’s turkey trot. He added that his students practiced running for 15 to 20 minutes a day in the weeks leading up to the run. Although Wednesday marked Principal Sarah Burstein’s first turkey trot, she said she was quickly made aware of the tradition’s importance upon her arrival to the role . Burstein transitioned from leading Hillcrest Elementary School in Turners Falls to Bernardston Elementary earlier this year. “It’s really become this beloved community tradition,” Burstein said. “When we had our first staff meeting at the start of the school year, I asked our teachers to identify the important traditions that I need to know about as a new school leader, and overwhelmingly, this was the top of the top.” Among the officials who watched the students run was Pioneer Valley Regional School District Superintendent Patricia Kinsella, who said this year’s turkey trot marked the third one she has attended. Despite rain at last year’s event, Kinsella said the students still ran — a display of dedication that is emblematic of the school district. Article continues after... Cross|Word Flipart Typeshift SpellTower Really Bad Chess “This is a beautiful community event,” Kinsella said. “It celebrates some of our core values, being outside, being healthy and being together.” In Greenfield, the Academy of Early Learning held its turkey trot at 9:30 a.m. Tuesday, and on Wednesday, Greenfield Middle School and Greenfield High School held their turkey trots, along with Federal Street School, the Discovery School at Four Corners and Newton School. At Newton School, approximately 200 children ran around a course set up on the field while teachers cheered them on, some handing out stickers. Special education teacher Lucy Reinhold, who has worked at Newton School for roughly 20 years, said she has noticed the turkey trot enthusiasm spreading throughout the school in the weeks leading up to Thanksgiving. “The kids definitely enjoy it, and the teachers do, to be honest with you,” Reinhold said. “It’s fun to be out. In the past, there’s been more turkey hats and things like that. This year, they did the turkey crowns, which is fabulous, and everybody has one. So it ebbs and flows wi th how crazy people w ant to get.” Anthony Cammalleri can be reached at acammalleri@recorder.com or 413-930-4429.Trane Technologies Honored by TIME as a Global Leader in Sustainable Growth
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Examining Which Bills Players Should Be In Consideration for the 2024 Pro BowlIranian Cultural Centre marks ‘Shab-e-Yalda’ festival PESHAWAR: The Cultural Centre of the Islamic Republic of Iran arranged a function here on Thursday to mark the Persian festival of ‘Shab-e-Yalda’ or Yalda Night. Some of those present on occasion were the Director-General of the centre, Dr Hussain Chaqomi, Deputy Consul General of the Islamic Republic of Iran, Hassan Moazzami, Peshawar Press Club President Arshad Aziz Malik, Khyber Union of Journalists President Kashifuddin Syed, the Chairman of the Persian Department at Peshawar University, Yousuf Hussain Khushi, academicians, Urdu, Pashto, and Hindko writers, students, and people from other walks of life. The event commenced with the recitation of the Holy Quran. Dr Hussain Chaqomi welcomed the guests who were there with their families. He thanked them for attending the function and keeping a good tradition alive. The diplomat said that the “Shab-e-Yalda” event symbolized love, peace, and harmony in the region. “The cultural events such as “Shab-e-Yalda” signify the rich cultural heritage of Iran and Persia in general,” he said and stressed that we should never detach from our cultural traditions even in this era of technological advancements. Dr Hussain Chaqomi said the longest night of the year was a time for bringing people closer when friends and families gather to take food, drink and read poetry. “Such celebrations are aimed at highlighting Iranian culture and strengthening cultural ties with the local community,” he elaborated. A scholar of the Persian language, Prof Syed Ghayur Hussain, talked in detail about “Shab-e-Yalda” by going into the history and other aspects of the festival. He said Yalda was the longest night of the year. He said the festival corresponded to the night of December 20/21 in the Gregorian calendar and the night between the last day of the ninth month (Azar) and the first day of the tenth month (Dey) of the Iranian solar calendar. Prof Syed Ghayur Hussain said the “Shab-e-Yalda” was a 2,500 to 3,000-year-old tradition, that emphasized family bonds. “On this night, elders narrate stories and share experiences with the younger generation”, he said adding the festival was celebrated not only in Iran but also in Afghanistan, Azerbaijan, and Turkey. He said the festival preserved the Islamic value of maintaining close family ties, with relatives visiting one another to read and enjoy the poetry of Hafiz together.“The event is important to preserve beautiful traditions and promote Persian language and literature,” said the academician who has authored several books on Persian apart from teaching the language at Khana-e-Farhang and several other seats of learning in Peshawar for a long time.
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AP Trending SummaryBrief at 4:32 a.m. ESTWorkers in Southern California’s lesser-compensated counties are getting the bigger pay hikes. My trusty spreadsheet reviewed quarterly wage stats from the federal Bureau of Labor Statistics for the second quarter, focusing on details for 29 California counties and seven from Southern California. The 9.9 million local workers collectively saw annualized earnings rise 3.6% in 12 months to an average $75,600 annual wage. By the way, Southern California’s workforce is roughly the size of all the employees in New York state or the Netherlands. Let’s start with paying the Inland Empire and its big logistics industries. Across San Bernardino County, annual wages rose 5.3% in a year to $62,504 for 837,800 workers. That’s the region’s biggest raise – but its only eighth-best out of the among 29 California counties tracked by the report. Meanwhile, neighboring Riverside County had 4.3% increases (No. 14 statewide) to $59,384 for 836,100 workers. And in Santa Barbara County, an economy heavy with hospitality jobs, wages were up 4.7% (No. 9 statewide) to $67,496 for 222,400 workers. Now, let’s contrast those raises better-paid parts of Southern California. These counties have higher concentrations of workers at technology and business-services companies. Orange County’s one-year raises averaged 4.2% (No. 15 statewide) to $78,312 for 1.65 million workers. Los Angeles County pay was up 4.1% increase (No. 16) to $79,768 for 4.5 million workers. In Ventura County, there was a 3.2% increase (No. 19) to $68,068 for 339,100 workers. And then contemplate San Diego County, with the region’s best pay. These 1.54 million workers got the smallest raises statewide – only a 0.1% increase to $79,352. Stronger raises at the bottom of the pay spectrum earlier in 2024 likely reflect hikes in various minimum wages and continued staffing challenges for bosses in lower-paying industries. Southern California pay hikes were significantly below what bosses handed out in nine Bay Area counties, which amounted to 6.1% increases to $138,900-a-year wage for 4 million workers. By the way, the state’s biggest raises were in Santa Clara County – a 10% jump to $188,864 for its 1.1 million workers. Southern California also trailed 13 other California counties in the study, where collectively pay was up 4% in a year to $64,300 for 3.1 million workers. Jonathan Lansner is the business columnist for the Southern California News Group. He can be reached at jlansner@scng.com Some of my popular tales of 2024 ...TORONTO — Canada's main stock index rose Wednesday, helped by strength in telecommunication and utility stocks, while U.S. stock markets moved lower. The S&P/TSX composite index closed up 83.16 points at 25,488.30. In New York, the Dow Jones industrial average was down 138.25 points at 44,722.06. The S&P 500 index was down 22.89 points at 5,998.74, while the Nasdaq composite was down 115.10 points at 19,060.48. The Canadian dollar traded for 71.25 cents US compared with 71.01 cents US on Tuesday. The January crude oil contract was down five cents at US$68.72 per barrel and the January natural gas contract was down 27 cents at US$3.20 per mmBTU. The February gold contract was up US$18.50 at US$2,664.80 an ounce and the March copper contract was up two cents at US$4.14 a pound. This report by The Canadian Press was first published Nov. 27, 2024. Companies in this story: (TSX:GSPTSE, TSX:CADUSD) The Canadian Press
DALLAS – If you attended a high school dance at any point in the 1980s, you no doubt heard “Chicago” lead singer Peter Cetera croon these words: “Everybody needs a little time away, I heard her say, from each other...” ADVERTISEMENT The members of the Minnesota Wild seem to genuinely enjoy each other’s company, and their willingness to work together for the good of the order shows in their 21 wins thus far, and their flirtation with the top spot in the Western Conference standings. But following their 4-3 win over Chicago (the Blackhawks, not the band) on Monday, the NHL mandates that every team take a three-day break for Christmas. At risk of the hefty fine from the league, teams cannot get together for practice, nor may they travel to road games until the morning of Friday, Dec. 27. That means the Wild were gameday arrivals in North Texas for their Friday evening meeting with the Stars. And as much hassle as that may be, most Wild players and coaches were eager for the time off by the time the final horn sounded on Monday. “The way I see it is I think this is a break at a key time for us, and I give the players a lot of credit. We’ve been going at max capacity and really dialed in from training camp till now and there’s been way more success than there has been failure,” coach John Hynes said, after his team snapped a four-game skid with the win over the Blackhawks. “But I also think that guys have really pushed, and I think guys have produced at certain times. I think it’s important for our group now to be able to get away from it for a few days, come off a win in a game that we played well, and then now it’s come back and we just reset and get moving forward.” As has been the case for much of this injury-riddled season to date, the biggest question about moving forward is which players it will involve. For example, top-line center Joel Eriksson Ek, whose big body and noteworthy skill have been missed since a lower-body injury in early December, looked to be inching closer to a return during the team’s last pre-Christmas practice. Getting some rest before facing a tough team like Dallas on the road is one positive factor, the Wild hope. Another pick-me-up was getting the victory by whatever means necessary versus Chicago, to end a season-worst losing streak. “It’s nice to go into the break with a win, but the games before, we’re not happy with,” Wild captain Jared Spurgeon admitted. “It’s tough throughout the year to be at 100 (percent) mentally and physically, so to have three days at this point, it’s big for us to sort of just relax, get away from it, hang with family friends and do something a little different.” ADVERTISEMENT And once they get back on the ice in Dallas, they plan to get back to more of the theme of the early season – namely getting contributions from throughout the lineup and competing for the lead in the Central Division. “I’m pretty convinced that after the break we come back then we get set for another while,” Hynes said, noting their next extended time off comes after Minnesota hosts the New York Islanders on Feb. 8. “You got Christmas basically until the 4 Nations break and that’s when we can re-plug in and get guys dialed in, get the team dialed in.” ______________________________________________________ This story was written by one of our partner news agencies. Forum Communications Company uses content from agencies such as Reuters, Kaiser Health News, Tribune News Service and others to provide a wider range of news to our readers. Learn more about the news services FCC uses here .WASHINGTON , Nov. 21, 2024 /PRNewswire/ -- NASA has selected Sierra Lobo , Inc. of Fremont, Ohio , to provide for test operations, test support, and technical system maintenance activities at NASA's Stennis Space Center near Bay St. Louis, Mississippi . The NASA Stennis Test Operations Contract is fixed-price, level-of-effort contract that has a value of approximately $47 million . The performance period begins July 1, 2025 , and extends three years, with a one-year base period and two one-year option periods. The contract will provide test operations support for customers in the NASA Stennis test complex. It also will cover the operation and technical systems maintenance of the high-pressure industrial water, high-pressure gas, and cryogenic propellant storage support areas, as well as providing welding, fabrication, machining, and component processing capabilities. NASA Stennis is the nation's largest propulsion test site, with infrastructure to support projects ranging from component and subscale testing to large engine hot fires. Researchers from NASA, other government agencies, and private industry utilize NASA Stennis test facilities for technology and propulsion research and developmental projects. For information about NASA and other agency programs, visit: https://www.nasa.gov View original content to download multimedia: https://www.prnewswire.com/news-releases/nasa-awards-test-operations-contract-302313691.html SOURCE NASA
San Mateo County Sheriff Corpus vowed to end corruption. Now she finds herself at the center of scandalStock market today: Wall Street rises toward records despite tariff talk
Reports: Kings fire coach Mike BrownThe Aurora City Council has approved using money from a federal grant to replace police and fire department laptop computers and some closed-circuit TV cameras. Aldermen Tuesday night unanimously agreed to use money from the federal Department of Justice Office of Community Oriented Policing Services, or COPS, Technology and Equipment Program received earlier this year for the items. The city already accepted the $2.28 million grant, which is given to provide funding for projects which improve police effectiveness and the flow of information among law enforcement agencies, local government service providers and the communities they serve, according to a city memo. Earlier this year, the City Council approved about $1.23 million of the money for forensic lab equipment, as well as closed-circuit TV equipment. Aldermen approved using the remaining about $1.05 million to lease laptops for both police and fire personnel, and additional CCTV equipment. The city memo said that police officers, paramedics and fire crews need rugged laptops they can rely on in all situations and weather conditions. The laptops the city purchased have exceeded their warranty life, and the city wants to replace them with better models. The grant would cover the first-year lease costs of $872,634. The city would look at using Emergency Telephone Service Board money to cover the second and third years, which has been done previously for both the police and fire departments. Jeff Anderson, the city’s deputy chief information officer, said by leasing the laptops instead of buying them, the city could afford a laptop for each police officer. Buying them outright would have meant the city could only outfit about 42% of the officers, he said. Also, by leasing, the city can give the laptops back after the three-year period, when they would be outdated and would need new software anyway. After the laptop costs, and some other associated costs, the city would have $107,924 remaining of the original $2.28 million grant. Aurora public safety officials want to use that for any other costs related to closed-circuit TV needs. The entire grant has to be spent by the end of 2024. slord@tribpub.com
NASSAU, Bahamas (AP) — Javon Small scored five of his 31 points in overtime and Tucker DeVries added key free throws late in regulation and finished with 16 points as West Virginia beat No. 3 Gonzaga 86-78 in the Battle 4 Atlantis on Wednesday. Small's layup with under 2 minutes left in OT gave West Virginia a 79-75 lead. After a Gonzaga miss, Sencire Harris hit two free throws to make it a six-point lead. With 27.1 seconds left, Harris made a steal and scored on a dunk for an eight-point lead, putting the game out of reach. Amani Hansberry scored a career-high 19 points and Toby Okani added 10 for West Virginia (3-2). Braden Huff scored 19 points and Khalif Battle 16 for Gonzaga (5-1). Gonzaga showed its depth, outscoring the West Virginia bench 30-2. West Virginia’s only loss was by 24 points at Pitt, but the rebuild under Darian DeVries is showing promise. Gonzaga turned it over at midcourt late in regulation when Tucker DeVries poked it away from Nolan Hickman and raced the other way before getting fouled. DeVries made two free throws with 5.9 seconds left to tie it at 71-all. Battle inbounded the ball and got it back, but lost control on a drive as time expired. The shorter Mountaineers outrebounded Gonzaga 42-36 and shot 50% in the second half, battling the Zags to a draw in the paint. Nembhard had 12 assists and just one turnover in 43 minutes, but was 1 of 10 from the field. West Virginia will play Louisville on Thursday in the winner's bracket. Gonzaga faces No. 14 Indiana on the consolation side. ___ Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college basketball: https://apnews.com/hub/ap-top-25-college-basketball-poll and https://apnews.com/hub/college-basketball
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