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With the Kings dealing with some injuries, they’re looking to sign some depth on their roster. The Kings are nearing a contract with former Celtics forward Jae Crowder, according to ESPN’s Shams Charania . The Kings are currently 8-10 to start the season as they’re also on a four-game losing streak. So they’re looking for some potential minutes from the 13-year veteran in Crowder. Crowder played for the Bucks last season, playing in 50 games (25 starts). He averaged 6.2 points and 3.2 rebounds in 23.1 minutes per game as he’s been a bench piece for the past several years. The Kings likely aren’t going to need heavy minutes from Crowder, but they can use the depth after a slow start to the season. Crowder will play for his ninth team as long as the deal with the Kings goes through. He has played for the Mavericks, Celtics, Cavaliers, Jazz, Grizzlies, Heat, Suns and Bucks in that order throughout his career. He has played in 803 career games with 434 starts during his NBA career. More Celtics contentNDP will not support Liberal GST holiday bill unless rebate expanded: Singh
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TORONTO, ON / ACCESSWIRE / November 21, 2024 / Seventy Ninth Resources Limited ("Seventy Ninth"), a Gibraltar-based resource exploration firm focused on acquiring and developing undervalued land assets globally, has completed its first reconnaissance trip to the McKellar copper-zinc project and Enable gold project in Ontario, Canada. Highlights: Successful reconnaissance and initial sampling program completed at McKellar and Enable projects. Introductory meetings conducted with stakeholder First Nation communities. Historical grades from McKellar show up to 4.73% copper, 32.3% zinc and 678 g/t silver. Historical workings from McKellar located and sampled, confirming previous high-grade results. Sampling at Enable conducted along strike from previous high-grade zones, with results up to 7.04g/t and 5.25 g/t gold. Will Slater, Chief Geologist of Seventy Ninth Resources said, "The reconnaissance program at both McKellar and Enable has been very encouraging, identifying multiple promising areas of interest and follow-up targets at both projects. We have successfully defined key priority zones and put into place clear, next steps to advance both projects." "At McKellar, sampling was focused around areas of historical small-scale mining where previous sampling returned grades of 32.3% zinc and 678g/t silver. The geological setting and historical sampling indicate that McKellar is prospective for Volcanogenic Massive Sulphide ("VMS") style base metal mineralization," Slater added. "At Enable, a geological contact zone between granite and metavolcanics/metasediments was sampled along strike from previous areas, which returned grades including 7.04 g/t, 5.25 g/t and 2.04 g/t gold. The program covered approximately 1 km of the 5 km long contact zone." Natalie Bellis, CEO of Seventy Ninth Resources said, "We are excited by our initial visit to Enable and McKellar projects and we look forward to receiving the assay results shortly. The visit to the area also gave us the opportunity to introduce the Company to members of the First Nation communities who are key stakeholders on these projects. We look forward to developing these relationships into strong long-term partnerships as the projects become more advanced." McKellar Location McKellar is a 12.5 sq km base metal project located in Ontario, Canada. The project is situated immediately north of the Trans Canada Highway, approximately 25 km west of Marathon. The project is located 55 km west of Barrick's Hemlo gold mine and 25 km west of Generation Mining's Marathon Deposit (palladium and copper). Mineralization hosted on these mines and projects is not necessarily indicative of mineralization hosted at McKellar. Access to the project is via helicopter, however during the recent reconnaissance, tracks suitable for All Terrain Vehicles ("ATV's") were identified close to priority targets. McKellar Project Geology and Mineralization The McKellar project is situated in the Schreiber-Hemlo greenstone belt and is prospective for VMS style base metals mineralization. The project's geology is interbedded felsic and mafic metavolcanics and metasediments located in the hinge zone of a fold. The project is host to numerous historical small-scale workings which are believed to be targeting silver mineralization. Enable Location Enable is an 8.7 sq km gold project located in Ontario, Canada. The project is situated just north of Terrace Bay town and it easily accessible by numerous vehicle tracks across the project. The project is located 85 km west of Barrick's Hemlo gold mine and 55 km west of Generation Mining's Marathon Deposit (palladium and copper). Mineralization hosted on these mines and projects is not necessarily indicative of mineralization hosted at Enable. Enable Project Geology and Mineralization The Enable project is situated in the Schreiber-Hemlo greenstone belt and is prospective for gold mineralization. The project sits at the contact between a granitic igneous intrusion and metavolcanics/metasediments. Historical sampling close to the contact zone has identified high grade gold rock chip samples including 7.04 g/t Au and 5.25 g/t Au. Figure 1: Project Location Map Figure 2: McKellar Project Figure 3: Enable Project Figure 4: Photos For further information please visit the Company's website https://79thresources.com/ . For Further Information Contact: Seventy Ninth Resources Ltd Natalie Bellis, CEO info@79thresources.com Investor and Media Relations Ira M. Gostin mining@allianceadvisors.com About Seventy Ninth Resources Limited Seventy Ninth Resources holds a unique and advantageous position in the natural resources sector, specialising in the acquisition, management, and development of desirable assets leveraging the group's global footprint to seek out new opportunities. The Company follows a Project Generator model, whereby it identifies high‐quality exploration projects diversified by commodity and jurisdiction, acquires these projects at a low cost and creates value through early-stage exploration, focusing on the most prospective projects, dropping licences that are unlikely to attract a partner. The next stage is to sell or JV these projects with reputable partners generating royalties as part of the transaction alongside potential milestone cash payments and equity. The partner funds exploration through feasibility, construction, and into production, providing long-term exposure to highly prospective ground. Environmental, Social, and Governance (ESG) is at the heart of everything Seventy Ninth Resources does in the communities in which it operates. Discover more at www.79thresources.com Cautionary Note Regarding Forward-Looking Statements Certain information included in this announcement, including information relating to future financial or operating performance and other statements that express the expectations of the Directors or estimates of future performance constitute "forward-looking statements". These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, without limitation, the completion of planned expenditures, the ability to complete exploration programmes on schedule and the success of exploration programmes. Readers are cautioned not to place undue reliance on the forward-looking information, which speak only as of the date of this announcement and the forward-looking statements contained in this announcement are expressly qualified in their entirety by this cautionary statement. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. The forward-looking statements contained in this announcement are made as at the date hereof and the Company assumes no obligation to publicly update or revise any forward-looking information or any forward-looking statements contained in any other announcements whether as a result of new information, future events or otherwise, except as required under applicable law or regulations. SOURCE: Seventy Ninth Resources View the original on accesswire.com
Sixteen months after President Bola Ahmed Tinubu inaugurated the Presidential Committee on Fiscal Policy and Tax Reforms and two months into the transmission of the four tax reform bills to the National Assembly for consideration and approval, the exercise has been encumbered by confusion and apprehension The Bills – four in all – ought to have sailed enjoyed the legislatures’ endorsement but they are embroiled in a back-and-forth push with no headway. Fron the benefit of hindsight, it could be recalled that as a presidential aspirant in 2023, Bola Ahmed Tinubu hinted about his disposition for tax reforms as one of the primary goals of his administration. To lay a strong fiscal and revenue foundation for sustainable growth for the rest of his tenure and beyond, Tinubu believes an overhaul of tax laws was necessary. In validating the intention, Tinubu, on August 8, 2023, as a sitting inaugurated the Taiwo Oyedele’s Presidential Fiscal Policy and Tax Reform Committee, headed by an astute tax expert – Taiwo Oyedele. Oyedele not only hit the ground running, he embarked on consultations, traversing the breadth and lengths of the country, distilling essence for tax reform. His committee had audiences with members of civil society groups and engagement with media and other critical stakeholders – all aimed at galvanising inputs and feedback. The country currently has over 60 varieties of taxes administered disjointedly across three tiers of government. Oyedele said his committee will reduce the number of payable taxes to compact size numbers. Oyedele’s tax reforms committee comprises members of the public and private sectors. At the committee’s inauguration, Tinubu said the country cannot continue to tax poverty or production but should focus on returns, income, and consumption. He directed all government agencies, ministries, and departments to cooperate fully with the committee in achieving their mandate. “Within the scope of this mandate, the committee shall have as its objective the advancement of viable and cost-effective solutions to issues such as the multiplicity of revenue collection agencies, high cost of revenue administration, excessive burden of compliance on ordinary taxpayers, the lack of effective coordination between fiscal and other economic policies within and across levels of government, and poor accountability in the utilization of tax revenues.”. “I have given them a strong mandate, and I expect their report to cover tax reform, fiscal policy design and coordination, and the harmonisation of taxes and revenue administration, among other items. “Our target is to improve Nigeria’s revenue profile while making the business environment more conducive and internationally competitive. Our aim is to transform the tax system to support sustainable development while, at the same time, achieving a minimum of an 18 per cent tax-to-GDP ratio within the next three years. “In order to ensure seamless implementation, the Committee shall be empowered not merely to make recommendations but also to provide practical support to the government in the execution and delivery of the recommended changes. “The committee is expected to achieve its mandate within a period of one year. They are, in the first instance, expected to deliver a schedule of quick reforms that can be implemented within thirty days. Critical reform measures should be recommended within six months, and full implementation will take place within one calendar year,” Tinubu said. Provisions of the Tax Bills There four executive tax bills are the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill. Each bill addresses specific aspects of tax administration, compliance, and enforcement. Each bill is detailed, with clarity of explanation. It unearths existing tax lapses it seeks to address. For instance, the Nigeria Tax Bill 2024 is expected to provide the fiscal framework for taxation in the country. The Tax Administration Bill is to provide a legal framework for all taxes in the country and reduce disputes; the Nigeria Revenue Service Establishment Bill is to repeal the Federal Inland Revenue Service Act and establish the Nigeria Revenue Service, while the Joint Revenue Board Establishment Bill is to create a tax tribunal and a tax ombudsman. With regards to the tax administration bill, in relation to the business of mining, Section 20 (sub-section 1) of the new bill stipulates thus: “Every person engaged in the trade or business of mining shall, upon the coming into effect of this Act or upon commencement of operations, file a monthly self-assessment return of minerals royalty with the Service in the prescribed form. (2) Pay the correct royalty due to the government on the minerals sold or used at the prescribed rate in the Ninth Schedule to the Nigeria Tax Act. (3) The returns of royalty for each month shall be filed on or before the 21st day of the following month and shall be accompanied by the following: (a) registered number of quarrying or mining licenses; (b) type of mineral and weight; (c) location and labor used; (d) quarriable minerals in metric tons. These updates are a clear departure from the current situation in which those who engaged in the business of mining are elusive and largely unaccountable. Section (4) states that the service shall review the royalty returns filed and may reassess where necessary the royalty payable, and any additional royalty shall be paid. within 30 days of service of a notice of assessment of such additional royalty, while Section 21.-(1) notes that “a non-resident person engaged in the operation of transport by sea or air into Nigeria shall file monthly returns with evidence of payment of tax as specified under section 18 of the Nigeria Tax Act to the Service in respect of the carriage of passengers, mail, livestock, or goods shipped or loaded into an aircraft in Nigeria”. Other key highlights of the Bills, which have received maximum applause and thumbs down, are as follows: any business with less than N50 million turnover is exempted from tax payment, 90% of workers in the public and private sectors to be exempted from paying income tax; 82% of what low-income persons consume to be VAT-free, scrapping over 50 nuisances tax suffered by local businesses; VAT will no longer be calculated based on where the companies have their headquarters but where their goods are consumed and the rich will pay more tax while the poor will stop paying taxes of all sorts. Other provisions of the bills include the elimination of states collection of consumption tax, the share of the federal government’s VAT quota to reduce from 15 to 10 per cent while states and local government areas get 90 per cent of VAT collected; those earning less than N1.7m monthly will now pay less income tax; customs, NUPRC, and other government agencies will hand off the collection of tax; and restricting tax collection to one agency saddled with the responsibility of the collection of all taxes in Nigeria. Similarly, those earning less than N9 million per annum will have their income tax cut by half. When operational, the bill will lead to the abolition of other multiple tax laws like the stamp duty act, etc, while over 90 per cent of small businesses will no longer pay profit tax. It makes provision for a gradual increase of VAT from 10 per cent in 2025 to 15 per cent in 2030. Almost every good consumed by low-income earners will be exempted from VAT while it seeks reprieve for most Nigerian companies that pay over 60 types of tax and levies. Bill’s bumpy road to NASS Dusted, President Bola Tinubu in October transmitted four bills to the National Assembly. One of them sought requests to rename the Federal Inland Revenue Service (FIRS) to the Nigeria Revenue Service (NRS). The National Assembly began legislative deliberations on the bills expeditiously. The Bills reading had progressed to the second reading before it encountered a stalemate. Contentious VAT imbroglio Some portions of the tax reform bill deemed injurious to the socio-economic development of a section of the country stirred controversy. The Northern governors called for the halting of further debate by the National Assembly on the tax reform bill. The governors from the region voiced their opposition to a clause in the VAT provision that provided for the derivation-based model for Value Added Tax distribution. They argue that the suggested approach would disadvantage the northern states and other less industrialized regions. Expressing discontent with the policy, the governors said that VAT is currently remitted based on the location of company headquarters rather than where goods and services are consumed. They added that the measure will negatively affect the distributed revenue from the Federal Accounts Allocation Committee. Based on concerns about the bills generated, the National Economic Council (NEC), in its last meeting presided over by Vice President Kashim Shettima, advised the president to withdraw the four bills to allow for more consultation. The NEC took the decision at its meeting held at the Presidential Villa. Membership of the NEC includes the governors of Nigeria’s 36 states. Responding to NEC advice, President Tinubu, in a statement by his spokesperson, Mr. Bayo Onanuga, urged the NEC to allow the process to take its full course. President Tinubu welcomes further consultations and engagement with key stakeholders to address any reservations about the bills while the National Assembly considers them for passage,” he said. The pressure from Northern governors and other partisan groups became fierce and unrelenting. In the face of sustained mounting pressure from northern governors and 73 northern members, the House of Representatives halted the bill’s discussion indefinitely. Potpourri of views The tax bills have elicited diverse views, throwing up a potpourri of thoughts. Executive Director of the Patriots for the Advancement of Peace and Social Development, Dr. Sani Abdullahi Shinkafi, took a swipe at some state governors opposing President Bola Tinubu’s tax reforms bill. Shinkafi, a former national secretary of the All Progressives Grand Alliance (APGA), made this known during an interview. He noted that the opposition was indicative of laziness and a lack of innovation in governance. Shinkafi argued that much of the criticism stems from a lack of understanding. In addition, he accused regional leaders of perpetuating economic stagnation and underdevelopment. A former governor of Abia State and senator representing Abia North, Senator Orji Kalu said the Federal Government made a mistake not to have carried the National Executive Council (NEC), Nigeria Governors’ Forum, and the Council of State along in its tax reform bills. Orji Kalu, who spokein an interview with Arise Television, opened up on the controversial tax reform bills, saying the bills are very progressive and would bring back fiscal federalism in Nigeria. “As I told you before, the bill is very progressive. It will bring back fiscal federalism. Many senators have not been briefed. I think the federal government made a mistake. The initiators of the bills would have briefed the National Economic Council, Governors’ forum”. On his part, former presidential candidate of the Labour Party (LP), Mr. Peter Obi, advised the National Assembly not to rush the debate on the tax reform bill before them. Obi, on his X handle, also wants Nigerians, whom he identifies as sole beneficiaries, to be involved in the enactment of the bill. “Tax reform is a critical issue, and there is nothing wrong with pursuing it. However, such reforms must be subject to robust public debate,” Obi said. He welcomed the idea of a public hearing, describing it as essential, as it allows Nigerians from all walks of life to engage meaningfully. This is how we build public trust and ensure inclusivity in policymaking,” the former candidate stated. According to him, matters of this magnitude require extensive deliberation and careful consideration, adding, “They should never be rushed. Public hearings must be conducted to allow for diverse opinions and inputs.” Obi further advised that when considering tax reforms and similar issues, it is insufficient to focus solely on the benefits to the government, particularly in terms of increasing revenue collection. He wants Nigerians to take into account the overall impact on the nation and the sustainability of all its regions. In his contribution, the Peoples Democratic Party presidential candidate in the last election, Atiku Abubakar, urged lawmakers to be transparent about the public hearing process on President Bola Tinubu’s tax reform bills. He shared his view via his X official handle. Atiku wrote: “Nigerians are united in their call for a fiscal system that promotes justice, fairness, and equity. They are loud and clear that the fiscal system we seek to promote must not exacerbate the uneven development of the federating units by enhancing the status of a few states while unduly penalizing others.” The apex socio-cultural organization from the South-east, Ohanaeze Ndigbo, joining the South-west, South-south, and North-central parts of Nigeria, supported the landmark bills expected to significantly alter the existing fiscal framework. Ndigbo, in a statement issued by the Secretary General of the body, Okechukwu Isiguzoro, noted that the bills represent a transformative opportunity for the rejuvenation of small and medium enterprises (SMEs) and the enhancement of the fortunes of Nigerian workers. The Bills also sparked rowdy session at the House of Representatives. A member of the House, Ghali Mustapha Tijjani, representing the Albasu/Gaya/Ajingi constituency of Kano State, described the four reform bills before the National Assembly as “anti-people” and must be rejected. In an interview with newsmen at the National Assembly, Tijani said the bills are not in public interest and should be withdrawn for proper consultations and inputs from all stakeholders. “I have a background in finance, as a student of International Corporate Finance, so I have an idea of what all this is all about. The bills actually are not in tandem with public interest, and they’re not pro-masses. “This is a capitalist bill, and for such a reason, I, Dr. Ghali Mustafa Tijjani, am rejecting this bill as a member that represents the people. I’m in the Parliament to ensure that my people are well represented and Nigerians have all the benefits and dividends of democracy. Therefore, these tax reform bills are capitalistic in nature and are siphoning the poor, so to say”, he stated. Re-engaging stakeholders Rather than throwing out the four bills as some interest groups would suggest, Oyedele, said the federal government will re-engage stakeholders. Speaking at a town hall meeting on “Tax Reform Bills: Charting the Way Forward,” hosted by a national television network, Oyedele said the committee was rather ready to repeat engagements with stakeholders. According to him, now that the bills appeared to have generated renewed interest from stakeholders, who hitherto showed no interest, the committee was prepared to repeat the engagement process. He said consultation will also continue even after the bills have been passed into law. Commenting on allegations that the presidential tax reform committee did not consult the state governors, Oyedele said, “No, they won’t say we didn’t consult them. They are saying we need to consult more, which we agree with because consultation will never end. Even after passing the bills, we must continue to consult. Presidency dispels partisanship politics In the heat of controversy trailing the implementation of the bills, Presidency dismissed claims that the proposed tax reform bills before the National Assembly would impoverish northern Nigeria or disproportionately benefit Lagos and Rivers states. Onanuga restated that the reforms aim to improve the quality of life for all Nigerians, particularly the disadvantaged, and streamline tax administration to foster a better business environment. The statement followed concerns raised by Borno State Governor Babagana Zulum, who claimed that the proposed Value Added Tax (VAT) sharing model might favor Lagos and Rivers states – the fears Oyedele has dispelled. To further assuage ill thoughts harbored by some group of persons on the bills, President Tinubu directed the Justice Ministry to work with the National Assembly on concerns over tax bills. Mr. Mohammed Idris, the Minister of Information and National Orientation on behalf of the government, said, “President Tinubu and the administration will continue to champion policies that close the loopholes and gaps through which Nigeria’s valuable public resources have been frittered away for decades.”. “On top of this necessary foundation, the resources being conserved and realized from these reforms will be invested in critical infrastructure (healthcare, education, transportation, digital technology, etc.) and in social investments that will benefit all Nigerians and ensure that no one is left behind. This is the promise and the reality of the Renewed Hope agenda.” All said, there is no denying that in spite of the arguments against them, many informed observers strongly believe that the tax reforms bills are vital for the development of the nation and the sustainability of the various sections. It therefore, behooves on the Tinubu to strategically engage the National Assembly, the state governors and the people on the benefits derivable for the bills.
Defence Minister Bill Blair "ready to go faster" on spending timelineFRISCO, Texas (AP) — A rare win as a double-digit underdog came just in time to let the Dallas Cowboys believe their playoff hopes aren't completely gone in 2024. Cooper Rush probably will need three more victories in a row filling in for the injured Dak Prescott for any postseason talk to be realistic. The thing is, the Cowboys (4-7) could be favored in two of those games, and already are by four points as an annual Thanksgiving Day host against the New York Giants (2-9) on Thursday, according to BetMGM. Not to mention the losing record at the moment for each of the next four opponents for the defending NFC East champions, playoff qualifiers each of the past three seasons. The Cowboys have a chance to make something of the improbable and chaotic 34-26 win at Washington that ended a five-game losing streak. “Behind the eight ball,” Micah Parsons said, the star pass rusher acknowledging the reality that Dallas hadn't done much yet. “Let’s see how we can handle adversity and see if we can make a playoff run. But we got a long way to go.” It was a start, though, powered in part by the best 55 minutes from the Dallas defense since the opener, when the Cowboys dismantled Cleveland and looked the part of a Super Bowl contender. The last five minutes for the Dallas defense against the Commanders looked a lot like most of the nine games after that 33-17 victory over the Browns. Which is to say not very good. Jayden Daniels easily drove Washington 69 yards to a touchdown before throwing an 86-yard scoring pass in the final seconds to Terry McLaurin, who weaved through five defenders when a tackle might have ended the game. The Cowboys kept a 27-26 lead thanks to Austin Seibert's second missed extra point, and withstood another blunder when Juanyeh Thomas returned an onside kick recovery for a TD rather than slide and leave one kneel-down from Rush to end the game. Dallas will have to remember it did hold a dynamic rookie quarterback's offense to 251 yards before the madness of the ending in the Cowboys' biggest upset victory since 2010 at the New York Giants. That one was too late to save the season. This one might not be. “We needed it,” embattled coach Mike McCarthy said. “It’s been frustrating, no doubt. We’ve acknowledged that. We’ve got another one right around the corner here, so we have to get some wins and get some momentum.” Rush ended a personal three-game losing streak with his best showing since the previous time he won as the replacement for Prescott, who is out for the season after surgery for a torn hamstring. The 117.6 passer rating was Rush's best as a starter, and the NFL's second-worst rushing attack played a solid complementary role with Rico Dowdle gaining 86 yards on 19 carries. KaVontae Turpin's electrifying 99-yard kickoff return did more than lift the Cowboys when it appeared an 11-point lead might get away in the final five minutes. It eased the worst day of special teams for Dallas since John Fassel took over that phase four years ago. Suddenly struggling kicker Brandon Aubrey had one field-goal attempt blocked and missed another. Bryan Anger had a punt blocked. For the second time in five games, Aubrey's attempt to bounce a kickoff in front of the return man backfired. The ball bounced outside the landing zone, putting the Commanders at the 40-yard line to start the second half and setting up the drive to the game's first touchdown. CB Josh Butler, whose NFL debut earlier this season came five years after the end of his college career, had 12 tackles, a sack and three pass breakups. The pass breakups were the most by an undrafted Dallas player since 1994. Rookie LT Tyler Guyton, who has had an up-and-down season with injuries and performance issues, was benched immediately after getting called for a false start in the fourth quarter. His replacement, Asim Richards, could be sidelined with a high ankle sprain that executive vice president of personnel Stephen Jones revealed on his radio show Monday. Veteran Chuma Edoga, who was the projected starter at Guyton's position before a preseason toe injury, was active but didn't play against the Commanders. He's awaiting his season debut. The status of perennial All-Pro RG Zack Martin (ankle/shoulder) and LG Tyler Smith (ankle/knee) will be a question on the short week after both sat against Washington. Stephen Jones indicated Smith could be available and said the same of WR Brandin Cooks, who hasn't played since Week 4 because of a knee issue. TE Jake Ferguson may miss at least a second week with a concussion. The short week might make it tough for CB Trevon Diggs (groin/knee) to return. 75% — Rush's completion rate, his best with at least 10 passes. He was 24 of 32 for 247 yards with two touchdowns and no interceptions. His other game with multiple TDs and no picks was a 25-10 victory over Washington two years ago, when he went 4-1 with Prescott sidelined by a broken thumb. There's some extra rest after the short week, with Cincinnati making a “Monday Night Football” visit on Dec. 9. The next road game is at Carolina on Dec. 15. AP NFL: https://apnews.com/hub/nfl
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