<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:media="http://search.yahoo.com/mrss/"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>losses &#8211; USA NEWS LIVE</title>
	<atom:link href="https://bloggingthree.soflytech.com/tag/losses/feed/" rel="self" type="application/rss+xml" />
	<link>https://bloggingthree.soflytech.com</link>
	<description>All About USA NEWS</description>
	<lastBuildDate>Tue, 31 Dec 2024 08:52:07 +0000</lastBuildDate>
	<language>en-US</language>
	<sy:updatePeriod>
	hourly	</sy:updatePeriod>
	<sy:updateFrequency>
	1	</sy:updateFrequency>
	<generator>https://wordpress.org/?v=7.1.4</generator>

<image>
	<url>https://bloggingthree.soflytech.com/wp-content/uploads/2024/04/cropped-THE-USA1-e1713184454543-1-32x32.png</url>
	<title>losses &#8211; USA NEWS LIVE</title>
	<link>https://bloggingthree.soflytech.com</link>
	<width>32</width>
	<height>32</height>
</image> 
	<item>
		<title>Madoff Victims Fund Covers Most Ponzi Scheme Losses: DOJ</title>
		<link>https://bloggingthree.soflytech.com/2024/12/madoff-victims-fund-covers-most-ponzi-scheme-losses-doj/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Tue, 31 Dec 2024 08:52:06 +0000</pubDate>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Covers]]></category>
		<category><![CDATA[DOJ]]></category>
		<category><![CDATA[fund]]></category>
		<category><![CDATA[losses]]></category>
		<category><![CDATA[Madoff]]></category>
		<category><![CDATA[Ponzi]]></category>
		<category><![CDATA[scheme]]></category>
		<category><![CDATA[victims]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=21849</guid>

					<description><![CDATA[The tenth and final distribution from a fund for victims of the late Ponzi scheme King Bernie Madoff began Monday Ministry of Justice said. The latest payout of greater than $131 million will go to greater than 23,000 victims worldwide. When accomplished, the fund may have distributed greater than $4.3 billion to greater than 40,000 [&#8230;]]]></description>
										<content:encoded><![CDATA[<p></p>
<div id="RegularArticle-ArticleBody-5" data-module="ArticleBody" data-test="articleBody-2" data-analytics="RegularArticle-articleBody-5-2"><span class="HighlightShare-hidden" style="top:0;left:0"></span></p>
<div class="group">
<p>The tenth and final distribution from a fund for victims of the late Ponzi scheme King Bernie Madoff began Monday <a href="https://www.justice.gov/" target="_blank">Ministry of Justice</a> said.</p>
<p>The latest payout of greater than $131 million will go to greater than 23,000 victims worldwide. When accomplished, the fund may have distributed greater than $4.3 billion to greater than 40,000 victims in nearly 130 countries, the DOJ said.</p>
<p>That amount represents nearly 94% of the estimated total losses from the fraud, the department said.</p>
<p>The final payout by the <a href="https://madoffvictimfund.com/" target="_blank">Madoff Victims Fund</a> was announced some 16 years after Madoff&#39;s fraud got here to light.</p>
<p>“Today’s distribution represents an unprecedented completion of victim compensation from civil forfeiture claims related to the Madoff scheme,” said James Dennehy, Assistant Director in Charge of the FBI’s New York Field Office.</p>
<p>“These victims quietly entrusted Madoff with their investments, only to ultimately lose significant funds as a result of his selfish scheme,” Dennehy said.</p>
</div>
<div class="group">
<div class="RelatedContent-relatedContent" id="RegularArticle-RelatedContent-1">
<div class="RelatedContent-container">
<div class="RelatedContent-nonCollapsibleContent">
<h2 class="RelatedContent-header">Read more about CNBC&#39;s politics coverage</h2>
</div>
</div>
</div>
</div>
<div class="group">
<p>Madoff, the top of Bernard L. Madoff Investment Securities in New York, pleaded guilty in March 2009 to 11 felony charges in reference to what federal prosecutors said was the most important Ponzi scheme on this planet.</p>
<p>Madoff was sentenced to 150 years in prison for the fraud, which spanned 4 many years and involved paying off clients with funds collected from other clients relatively than, as he claimed, trading profits from investments.</p>
<p>He died in April 2021 on the age of 82 in a federal prison facility in North Carolina, nearly a 12 months after his request for release was rejected resulting from a terminal kidney disease.</p>
<p>When Madoff&#39;s fraud first became public knowledge, prosecutors estimated the full damage at $65 billion. But this estimate<strong> </strong>fell sharply after authorities deducted the quantity of phantom investment profits and interest that Madoff&#39;s clients were deceived into believing existed.</p>
<p>Most of the fund for Madoff&#39;s victims, about $2.2 billion, got here from a civil forfeiture of the estate of Jeffry Picower, a now-deceased Madoff investor, the DOJ said.</p>
<p>Another $1.7 billion got here from it <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-6">JPMorgan Chase<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    as a part of one <a href="https://www.justice.gov/usao-sdny/pr/manhattan-us-attorney-and-fbi-assistant-director-charge-announce-filing-criminal" target="_blank">Deferred Prosecution Agreement</a> with the DOJ in January 2014. JPMorgan Chase and its predecessor institutions served as the first bank through which Madoff ran his scheme, the DOJ previously said.</p>
<p>The remainder of the victims&#39; fund got here from a &#8220;civil forfeiture action against investor Carl Shapiro and his family, as well as civil and criminal forfeiture actions against Bernard L. Madoff, Peter B. Madoff and their co-conspirators,&#8221; the DOJ said Monday.</p>
</div>
</div>
<p><em>image credit : www.cnbc.com</em></p>
]]></content:encoded>
					
		
		
		<media:content url="https://image.cnbcfm.com/api/v1/image/108007581-1721227459032-gettyimages-85333488-56945488.jpeg?v=1721227565&#038;w=1920&#038;h=1080" medium="image"></media:content>
	</item>
		<item>
		<title>Spirit Airlines files for bankruptcy protection after mounting losses</title>
		<link>https://bloggingthree.soflytech.com/2024/11/spirit-airlines-files-for-bankruptcy-protection-after-mounting-losses/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Tue, 19 Nov 2024 21:21:53 +0000</pubDate>
				<category><![CDATA[Travel]]></category>
		<category><![CDATA[Airlines]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[files]]></category>
		<category><![CDATA[losses]]></category>
		<category><![CDATA[mounting]]></category>
		<category><![CDATA[protection]]></category>
		<category><![CDATA[Spirit]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=19426</guid>

					<description><![CDATA[Spirit AirlinesA low-cost airline icon that transformed the industry has filed for bankruptcy protection after years of mounting losses, a failed merger, increasing competition and more demanding consumer demands. The carrier reached an agreed appointment early Monday act with its bondholders, including $300 million in debtor-in-possession financing to assist it through bankruptcy, which the corporate [&#8230;]]]></description>
										<content:encoded><![CDATA[<p></p>
<div id="RegularArticle-ArticleBody-5" data-module="ArticleBody" data-test="articleBody-2" data-analytics="RegularArticle-articleBody-5-2"><span class="HighlightShare-hidden" style="top:0;left:0"></span></p>
<div class="group">
<p><span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-1">Spirit Airlines<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>A low-cost airline icon that transformed the industry has filed for bankruptcy protection after years of mounting losses, a failed merger, increasing competition and more demanding consumer demands.</p>
<p>The carrier reached an agreed appointment early Monday <a href="https://ir.spirit.com/news-releases/news-details/2024/Spirit-Airlines-Announces-Comprehensive-Agreement-to-Deleverage-Balance-Sheet-and-Position-the-Company-for-Long-Term-Successas-a-Leading-Low-Fare-Carrier/default.aspx" target="_blank">act</a> with its bondholders, including $300 million in debtor-in-possession financing to assist it through bankruptcy, which the corporate says it plans to exit in the primary quarter of next yr. Spirit said sellers and aircraft lessors wouldn&#8217;t be impacted. In a court filing, Spirit listed its assets and liabilities between $1 billion and $10 billion.</p>
<p>The airline said it expects this <a href="https://ir.spirit.com/news-releases/news-details/2024/Spirit-Airlines-Issues-Open-Letter-to-All-Spirit-Guests/default.aspx" target="_blank">proceed operations</a>and CEO Ted Christie sought to reassure customers that they might still book, fly and redeem loyalty points with the airline.</p>
<p>“The most important thing you need to know is that you can continue to book and fly now and in the future,” Christie said in a letter to customers on Monday.</p>
<p>Spirit is the primary major U.S. airline to file for Chapter 11 since American Airlines 13 years ago.</p>
</div>
<h2 class="ArticleBody-subtitle"><a id="headline0"></a>Many challenges</h2>
<div class="group">
<p>The Dania Beach, Florida-based airline has struggled with an engine recall that grounded dozens of its jets, an increase in costs following the pandemic and the collapse of a planned takeover <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-8">JetBlue Airways<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>which was blocked by a federal judge earlier this yr on antitrust grounds. Its shares have fallen greater than 90% this yr.</p>
<p>The airline had repeatedly pushed back a deadline with its bank card processor to renegotiate $1.1 billion in loyalty bonds due next yr or risk losing the power to process transactions.</p>
<p>On Monday it said it had reached an agreement with bondholders for $350 million in equity and that bondholders would exchange $795 million for equity. Spirit shares will likely be delisted from the New York Stock Exchange pursuant to its filing with the United States Bankruptcy Court for the Southern District of New York.</p>
<p>Last week, Spirit said it could must delay its quarterly filings and said it was in negotiations for a take care of nearly all of creditors that will haven&#8217;t any impact on customers, vendors, vendors and others but would wipe out the corporate&#39;s existing equity .</p>
<p>Spirit had said its third-quarter operating margins could be 12 percentage points below the negative 15% margin the corporate posted a yr ago as costs soared and fares fell. Sales fell $61 million.</p>
</div>
<div>
<div class="Collapsible-proliveCollapsableContainer" role="button" tabindex="0"><svg xmlns="http://www.w3.org/2000/svg" width="256" height="256" viewbox="0 0 256 256" aria-labelledby="title desc" role="img" focusable="false" preserveaspectratio="xMinYMin" class="Collapsible-stockChartIcon"><title>Stock chart icon</title><desc>Stock chart icon</desc><g transform="translate(1.4065934065934016 1.4065934065934016) scale(2.81 2.81)"><path d="M 87.994 0 H 69.342 c -1.787 0 -2.682 2.16 -1.418 3.424 l 5.795 5.795 l -33.82 33.82 L 28.056 31.196 l -3.174 -3.174 c -1.074 -1.074 -2.815 -1.074 -3.889 0 L 0.805 48.209 c -1.074 1.074 -1.074 2.815 0 3.889 l 3.174 3.174 c 1.074 1.074 2.815 1.074 3.889 0 l 15.069 -15.069 l 14.994 14.994 c 1.074 1.074 2.815 1.074 3.889 0 l 1.614 -1.614 c 0.083 -0.066 0.17 -0.125 0.247 -0.202 l 37.1 -37.1 l 5.795 5.795 C 87.84 23.34 90 22.445 90 20.658 V 2.006 C 90 0.898 89.102 0 87.994 0 z" transform=" matrix(1 0 0 1 0 0) " stroke-linecap="round"></path><path d="M 65.626 37.8 v 49.45 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 23.518 L 65.626 37.8 z" transform=" matrix(1 0 0 1 0 0) " stroke-linecap="round"></path><path d="M 47.115 56.312 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 42.03 L 47.115 56.312 z" transform=" matrix(1 0 0 1 0 0) " stroke-linecap="round"></path><path d="M 39.876 60.503 c -1.937 0 -3.757 -0.754 -5.127 -2.124 l -6.146 -6.145 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 59.844 C 41.952 60.271 40.933 60.503 39.876 60.503 z" transform=" matrix(1 0 0 1 0 0) " stroke-linecap="round"></path><path d="M 22.937 46.567 L 11.051 58.453 c -0.298 0.298 -0.621 0.562 -0.959 0.8 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 48.004 L 22.937 46.567 z" transform=" matrix(1 0 0 1 0 0) " stroke-linecap="round"></path></g></svg></p>
<div class="Collapsible-proLivePlayerCloseOrExpand"><img decoding="async" src="https://static-redesign.cnbcfm.com/dist/a54b41835a8b60db28c2.svg" class="Collapsible-dismissButton" alt="Hide content"></div>
</div>
<p><iframe title="Spirit Airlines and NYSE Arca Airline index" src="https://www.cnbc.com/appchart?symbol=SAVE&#038;range=1Y&#038;comp=.XAL&#038;type=line&#038;embedded=true&#038;%24DEVICE%24=undefined" height="460" scrolling="no" style="border:0;width:100%"></iframe></p>
<p>Spirit Airlines and NYSE Arca Airline Index</p>
</div>
<div class="group">
<p>The airline hasn&#39;t made a profit since 2019 and lost greater than $335 million in the primary half of the yr.</p>
<p>To make up the difference, the corporate sold dozens of jets to get monetary savings, which worked in its favor as planes are in brief supply this yr. Most recently, 23 Airbus aircraft were sold to GA Telesis to generate $519 million. Spirit has said it plans to finish the yr with roughly $1 billion in liquidity.</p>
<p>The company also plans to furlough one other 330 pilots in January, on top of about 200 in September, as routes were cut. However, analysts imagine that the airline could have to shrink further in bankruptcy to get costs under control.</p>
</div>
<h2 class="ArticleBody-subtitle"><a id="headline1"></a>The spiritual path</h2>
<div class="group">
<p>Spirit&#39;s business model, offering every part from reserved seats to carry-on luggage at rock-bottom prices and costs, was a hit with bargain-hunting customers and enabled expansion over greater than a decade.</p>
<p>His unpretentious service became a preferred punchline for stand-up comics. A greeting <a href="https://www.localfixture.com/products/i-would-fly-spirit-airlines-for-you-greeting-card?_pos=1&amp;_sid=5c85d5373&amp;_ss=r" target="_blank">Map</a> A drawing of one in every of the airline&#39;s yellow planes even reads, &#8220;I would fly Spirit Airlines for you.&#8221;</p>
<p>The low fare and extra fee model led to similar offers from larger airlines akin to <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-14">delta<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>, <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-15">American<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    And <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-16">United<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>which introduced basic economy fares.</p>
<p>However, Spirit struggled within the wake of the pandemic as costs rose across the industry and the lifting of travel restrictions sparked a surge in bookings for international travel outside of Spirit&#39;s network. Fares fell within the oversupplied US market.</p>
</div>
<div class="group"></div>
<div class="group">
<p>Spirit this summer began offering bundled fares with seat assignments and other perks, in addition to a variety of &#8220;First Class&#8221; that included larger seats on the front of the plane, as many travelers opted to pay for roomier seats on board.</p>
<p>In January, a federal judge blocked JetBlue&#39;s planned $3.8 billion takeover of Spirit. At the start of 2022, Spirit entered right into a merger agreement with one other low-cost airline <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-20">Border<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    before JetBlue made a proposal in April of that yr. Spirit shareholders supported JetBlue&#39;s money offer.</p>
<p>Judge William Young, appointed by former President Ronald Reagan, said the JetBlue deal would drive up prices and reduce competition. Airlines had argued that this may help them higher compete, particularly within the United States, where 4 airlines control about three-quarters of the market.</p>
<p>“Spirit is a small airline. But there are those who love her,” Young wrote in his ruling. “To Spirit’s dedicated customers, this is for you.”</p>
<p>Some analysts expect Frontier and Spirit to resume talks in the approaching months.</p>
</div>
<div class="group"></div>
<div role="region" aria-labelledby="Placeholder-ArticleBody-Video-107349002">
<div role="button" tabindex="0" id="Placeholder-ArticleBody-Video-107349002" class="PlaceHolder-wrapper" data-vilynx-id="7000326349" data-test="VideoPlaceHolder">
<div class="InlineVideo-videoEmbed" id="InlineVideo-0" data-test="InlineVideo">
<div class="InlineVideo-wrapper">
<div class="InlineVideo-inlineThumbnailContainer"><img decoding="async" class="InlineVideo-videoThumbnail" src="https://image.cnbcfm.com/api/v1/image/107349627-1703011736719-YT_Still_1.jpg?v=1703012063&#038;w=750&#038;h=422&#038;vtcrop=y" alt="The business behind low-cost airlines like Ryanair and Spirit"><span class="InlineVideo-videoButton"></span><span></span></div>
</div>
</div>
</div>
</div>
</div>
<p><em>image credit : www.cnbc.com</em></p>
]]></content:encoded>
					
		
		
		<media:content url="https://image.cnbcfm.com/api/v1/image/108063979-1731934519891-108063979-1731706720231-gettyimages-2169368887-lax_airplanes_004.jpg?v=1731934537&#038;w=1920&#038;h=1080" medium="image"></media:content>
	</item>
		<item>
		<title>Losses in penalty shootouts are still defeats. It&#039;s time to count them as such</title>
		<link>https://bloggingthree.soflytech.com/2024/10/losses-in-penalty-shootouts-are-still-defeats-its-time-to-count-them-as-such/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Fri, 25 Oct 2024 05:03:01 +0000</pubDate>
				<category><![CDATA[Sports]]></category>
		<category><![CDATA[count]]></category>
		<category><![CDATA[defeats]]></category>
		<category><![CDATA[It39s]]></category>
		<category><![CDATA[losses]]></category>
		<category><![CDATA[penalty]]></category>
		<category><![CDATA[shootouts]]></category>
		<category><![CDATA[time]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=17939</guid>

					<description><![CDATA[Manchester City is a superb football team. Since Pep Guardiola took over in 2016, his side have amassed more Premier League titles (six), points (736), wins (231) and goals (774) than some other team within the country. They have conceded fewer goals (258) than some other team to spend all nine seasons in the highest [&#8230;]]]></description>
										<content:encoded><![CDATA[<p></p>
<div>
<p>Manchester City is a superb football team.</p>
<p>Since Pep Guardiola took over in 2016, his side have amassed more Premier League titles (six), points (736), wins (231) and goals (774) than some other team within the country.</p>
<p>They have conceded fewer goals (258) than some other team to spend all nine seasons in the highest flight, while playing exciting football.</p>
<p>Yes, the continued legal battle with the Premier League is dampening the mood &#8211; but add to that two FA Cups, 4 Carabao Cups and a Champions League and a transparent picture emerges of Guardiola&#39;s side as top-of-the-line teams the English have ever graced Game.</p>
<p>They are so good that they don&#39;t need false records to prove their greatness.</p>
<p>To be clear, Manchester City didn&#8217;t break a Manchester United record in Europe this week. Manchester City haven&#8217;t been “undefeated” in 26 Champions League games.</p>
<p><iframe class="flourish-embed-iframe" style="width: 100%; height: 600px;" title="Interactive or visual content" src="https://flo.uri.sh/visualisation/19948202/embed" frameborder="0" scrolling="no" sandbox="allow-same-origin allow-forms allow-scripts allow-downloads allow-popups allow-popups-to-escape-sandbox allow-top-navigation-by-user-activation"></iframe></p>
<p>City lost to Real Madrid within the quarter-finals last season. They know this because Madrid reached the semi-finals (and ultimately won the cup against Borussia Dortmund at Wembley), while City were eliminated and were capable of think about the tireless and successful pursuit of a fourth consecutive domestic title.</p>
<p>It&#39;s hard to assume a defeat more clearly than this: one team continues, the opposite is eliminated.</p>
<p>The incontrovertible fact that City&#39;s defeat to Carlo Ancelotti&#39;s side was sealed on penalties after an exciting 4-4 ​​draw on aggregate is irrelevant. A defeat is a defeat, irrespective of the way it comes.</p>
<div id="attachment_5869415" class="wp-caption alignnone">
<div class="wp-caption-image-container"><img loading="lazy" decoding="async" loading="lazy" class="wp-image-5869415 size-full" src="https://static01.nyt.com/athletic/uploads/wp/2024/10/24090720/GettyImages-2149033621-scaled.jpg" alt="" width="2560" height="1707" srcset="https://static01.nyt.com/athletic/uploads/wp/2024/10/24090720/GettyImages-2149033621-scaled.jpg 2560w, https://static01.nyt.com/athletic/uploads/wp/2024/10/24090720/GettyImages-2149033621-300x200.jpg 300w, https://static01.nyt.com/athletic/uploads/wp/2024/10/24090720/GettyImages-2149033621-1024x683.jpg 1024w, https://static01.nyt.com/athletic/uploads/wp/2024/10/24090720/GettyImages-2149033621-1536x1024.jpg 1536w, https://static01.nyt.com/athletic/uploads/wp/2024/10/24090720/GettyImages-2149033621-2048x1365.jpg 2048w" sizes="auto, (max-width: 2560px) 100vw, 2560px"></p>
<div class="inline-credits">
<div class="inline-credits-container">
      <span class="table-cell-span"></span><br />
      <span class="credits-text">Real Madrid have fun their win &#8211; and it was a win &#8211; at City (Naomi Baker/Getty Images)</span></div>
</div>
</div>
</div>
<p>But IFAB – the legislators of the world game – disagrees. In <a href="https://www.theifab.com/laws/latest/determining-the-outcome-of-a-match/#goal-scored" rel="nofollow noopener noreferrer">Law 10.2</a>Penalties, together with away goals and time beyond regulation, are only certainly one of three “permissible methods for determining the winning team”. This signifies that if a team is beaten in a penalty shootout after the draw and the ultimate whistle blows, they&#8217;ll still claim that they&#8217;ve not “lost”.</p>
<p>It&#39;s an odd state of affairs. Although “wins” by away goals are a gray area within the record books, nobody disputes that the team that emerges victorious at the tip of time beyond regulation won the sport. So why not apply the identical thought process to punishment?</p>
<p>We&#39;ve come a great distance from the times before the Shootout, when tied ties were sometimes decided by completely arbitrary coin tosses. Penalty shootouts, introduced within the early Seventies, are removed from this type of &#8220;lottery&#8221; &#8211; the cliché that has attached to them for thus long &#8211; or just a convenient and comparatively quick way to make your mind up a game between two evenly matched teams IFAB law proposes.</p>
<p>They test the utmost nerves and skill and are practiced by the very best teams just as conscientiously as their tactical form and standard situations.</p>
<p>“There&#39;s more to it (than luck),” said former Croatia goalkeeper Joey Didulica <a href="https://www.besoccer.com/new/are-penalty-shootouts-a-lottery-467325" rel="nofollow noopener noreferrer">Omnisport</a> in 2018. “The mental game, you have to be confident. A lot of this also depends on research.</p>
<p>“You have to know who takes the penalty, how they approached the penalty before, where they slow down, whether they slow down and in which corner.”</p>
<p>“As much as people think it’s 50-50, amateurs say that too. I think at the highest level a good goalkeeper can definitely have a better chance than 50-50 in a penalty shootout. Usually your best goalie can win it for you.”</p>
<p>There at the moment are countless analyzes that function the idea for the penalty shootout methodology.</p>
<p>In 2022 <a href="https://barcainnovationhub.fcbarcelona.com/blog/how-to-increase-the-probability-of-scoring-in-penalties-shoot-outs/" rel="nofollow noopener noreferrer">the Barca Innovation Hub</a> has compiled data on how one can increase the possibilities of success, suggesting that taking the primary penalty, enthusiastically celebrating successful shots, delaying runs after the referee&#39;s whistle, and using a team&#39;s best penalty takers on the primary and fifth shot to extend your possibilities of winning.</p>
<div id="attachment_5869431" class="wp-caption alignnone">
<div class="wp-caption-image-container"><img loading="lazy" decoding="async" loading="lazy" class="wp-image-5869431 size-full" src="https://static01.nyt.com/athletic/uploads/wp/2024/10/24091525/GettyImages-2180662277-scaled.jpg" alt="" width="2560" height="1706" srcset="https://static01.nyt.com/athletic/uploads/wp/2024/10/24091525/GettyImages-2180662277-scaled.jpg 2560w, https://static01.nyt.com/athletic/uploads/wp/2024/10/24091525/GettyImages-2180662277-300x200.jpg 300w, https://static01.nyt.com/athletic/uploads/wp/2024/10/24091525/GettyImages-2180662277-1024x682.jpg 1024w, https://static01.nyt.com/athletic/uploads/wp/2024/10/24091525/GettyImages-2180662277-1536x1024.jpg 1536w, https://static01.nyt.com/athletic/uploads/wp/2024/10/24091525/GettyImages-2180662277-2048x1365.jpg 2048w" sizes="auto, (max-width: 2560px) 100vw, 2560px"></p>
<div class="inline-credits">
<div class="inline-credits-container">
      <span class="table-cell-span"></span><br />
      <span class="credits-text">Punishments are a serious test of skill and nerve (Luciano Bisbal/Getty Images)</span></div>
</div>
</div>
</div>
<p>None of this implies that penalties are a bet. On the contrary: Even though they require different disciplines than the free play during a game, penalties still represent the final word stress test of a player&#39;s ability to think clearly and execute their skills even under the best pressure. We&#39;re not talking about deciding a game of rock, paper and scissors.</p>
<p>They also feel like an element of, or an extension of, the sport we&#39;ve just seen, in a way that other random decision aspects &#8211; just like the coin toss &#8211; could never be. And generally the higher team wins because also they are higher at penalties.</p>
<p>This was perhaps more questionable within the City-Madrid game last season, when two excellent pairs of players competed against one another and there was little to choose from them. However, there isn&#8217;t a doubt that Real Madrid won this game and City lost it.</p>
<p>However, that doesn&#39;t change the incontrovertible fact that Guardiola&#39;s City are top-of-the-line teams English football has ever produced. But it means their latest “record” is fallacious.</p>
<p>They are a team for the ages with a blinding array of trophies and records. They do quite well without fake ones.</p>
<p><iframe style="width: 100%; max-width: 660px; overflow: hidden; border-radius: 10px;" src="https://embed.podcasts.apple.com/ng/podcast/the-art-of-taking-a-penalty/id1488523269?i=1000637843000" height="175" frameborder="0" sandbox="allow-forms allow-popups allow-same-origin allow-scripts allow-storage-access-by-user-activation allow-top-navigation-by-user-activation"></iframe></p>
<p style="text-align: right;">
</div>
<p><em>image credit : www.nytimes.com</em></p>
]]></content:encoded>
					
		
		
		<media:content url="https://static01.nyt.com/athletic/uploads/wp/2024/10/24090732/GettyImages-2147888536-scaled.jpg?width=1200&#038;height=630&#038;fit=cover" medium="image"></media:content>
	</item>
		<item>
		<title>Boeing will cut 17,000 jobs as losses mount during factory strike</title>
		<link>https://bloggingthree.soflytech.com/2024/10/boeing-will-cut-17000-jobs-as-losses-mount-during-factory-strike/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Sat, 12 Oct 2024 04:10:42 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Boeing]]></category>
		<category><![CDATA[cut]]></category>
		<category><![CDATA[factory]]></category>
		<category><![CDATA[jobs]]></category>
		<category><![CDATA[losses]]></category>
		<category><![CDATA[Mount]]></category>
		<category><![CDATA[strike]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=17171</guid>

					<description><![CDATA[Boeing will cut 10% of its workforce, or about 17,000 people, as the corporate&#39;s losses mount and a machinists&#39; strike that has crippled its aircraft factories enters its fifth week. It will even postpone the long-delayed launch of its latest wide-body aircraft. The manufacturer won&#8217;t deliver its 777X wide-body aircraft until 2026, which is around [&#8230;]]]></description>
										<content:encoded><![CDATA[<p></p>
<div id="RegularArticle-ArticleBody-5" data-module="ArticleBody" data-test="articleBody-2" data-analytics="RegularArticle-articleBody-5-2"><span class="HighlightShare-hidden" style="top:0;left:0"></span></p>
<div class="group">
<p><span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-1">Boeing<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    will cut 10% of its workforce, or about 17,000 people, as the corporate&#39;s losses mount and a machinists&#39; strike that has crippled its aircraft factories enters its fifth week. It will even postpone the long-delayed launch of its latest wide-body aircraft.</p>
<p>The manufacturer won&#8217;t deliver its 777X wide-body aircraft until 2026, which is around six years behind schedule. The company paused flight testing of the plane in August when it discovered structural damage to 1 plane. Production of business 767 freighters will end in 2027 once remaining orders are filled, CEO Kelly Ortberg said in an worker note Friday afternoon.</p>
<p>“Our company is in a difficult situation and the challenges we face together can hardly be overstated,” said Ortberg. “Beyond managing our current environment, recovering our business requires difficult decisions and we must make structural changes to ensure we remain competitive and able to deliver to our customers over the long term.”</p>
<p>Boeing expects to report a lack of $9.97 per share within the third quarter, the corporate unexpectedly announced on Friday. The company expects a pretax charge of $3 billion in its industrial aircraft business and $2 billion in its defense business.</p>
<p>In preliminary financial results, Boeing said it expected third-quarter operating money outflow of $1.3 billion.</p>
<p>The job and price cuts are probably the most dramatic moves yet by Ortberg, who has been on the helm for just over two months and is tasked with restabilizing Boeing after safety and production crises, including a near-disastrous mid-air doorstop failed in the beginning of the yr.</p>
<p>The machinists&#39; strike is one other challenge for Ortberg. Ratings agencies have warned that the corporate is susceptible to losing its investment-grade rating, and Boeing has wasted money in a yr that company leaders hoped could be a turnaround.</p>
<p>S&#038;P Global Ratings said earlier this week that Boeing is losing greater than $1 billion a month from the strike by greater than 30,000 machinists that began Sept. 13 after machinists overwhelmingly voted against a tentative agreement, which the corporate had concluded with the union. Tensions are rising between the manufacturer and the International Association of Machinists and Aerospace Workers, and Boeing withdrew a more moderen contract offer earlier this week.</p>
<p>On Thursday, Boeing said it had filed an unfair labor practices lawsuit with the National Labor Relations Board accusing the International Association of Machinists and Aerospace Workers of negotiating in bad faith and misrepresenting the plane manufacturers&#39; proposals. The union had criticized Boeing over a sweetened offer that it said was not negotiated with the union and said staff wouldn&#8217;t vote on it.</p>
<p>The job cuts, which Ortberg said would occur &#8220;in the coming months,&#8221; would come shortly after Boeing and its lots of of suppliers scrambled so as to add staff within the wake of the Covid-19 pandemic as demand collapsed.</p>
</div>
<div class="group"></div>
</div>
<p><em>image credit : www.cnbc.com</em></p>
]]></content:encoded>
					
		
		
		<media:content url="https://image.cnbcfm.com/api/v1/image/108046797-1728672953867-AP24256680537090.jpg?v=1728682669&#038;w=1920&#038;h=1080" medium="image"></media:content>
	</item>
		<item>
		<title>A temporary history of former presidents running for re-election: 3 losses, 1 win and 1 still to be decided</title>
		<link>https://bloggingthree.soflytech.com/2024/09/a-temporary-history-of-former-presidents-running-for-re-election-3-losses-1-win-and-1-still-to-be-decided/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Wed, 25 Sep 2024 06:07:27 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[decided]]></category>
		<category><![CDATA[history]]></category>
		<category><![CDATA[losses]]></category>
		<category><![CDATA[presidents]]></category>
		<category><![CDATA[reelection]]></category>
		<category><![CDATA[running]]></category>
		<category><![CDATA[win]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=15699</guid>

					<description><![CDATA[Theodore Roosevelt speaks throughout the Progressive election campaign of 1912. AP Photo This 12 months&#39;s presidential election incorporates a former president, Donald Trump, running for a non-consecutive term. This is the fifth time in US history that this has happened. Historically, when a former president ran for a non-consecutive term, voters were more more likely [&#8230;]]]></description>
										<content:encoded><![CDATA[<p></p>
<figure><img decoding="async" src="https://images.theconversation.com/files/615400/original/file-20240823-25-qhs99x.jpg?ixlib=rb-4.1.0&#038;rect=332%2C85%2C2562%2C1875&#038;q=45&#038;auto=format&#038;w=496&#038;fit=clip"><figcaption><span class="caption">Theodore Roosevelt speaks throughout the Progressive election campaign of 1912.</span> <span class="attribution"><a class="source" href="https://newsroom.ap.org/detail/TheodoreRoosevelt/da63d178558e48c0a4235a4adeec9766/photo?Query=Theodore%20Roosevelt%201912&#038;mediaType=photo&#038;sortBy=&#038;dateRange=Anytime&#038;totalCount=1&#038;currentItemNo=0">AP Photo</a></span></figcaption></figure>
<p>This 12 months&#39;s presidential election incorporates a former president, Donald Trump, running for a non-consecutive term. This is the fifth time in US history that this has happened. </p>
<p>Historically, when a former president ran for a non-consecutive term, voters were more more likely to change their party affiliation. </p>
<p>In 1848, Martin Van Buren, a former Democratic president, ran for <a href="https://www.nps.gov/mava/learn/historyculture/the-election-of-1848-free-soil-free-labor-free-men.htm">a candidate for the newly founded Free Soil Party</a> and attracted many Northern Democrats who were disillusioned with their party&#39;s pro-slavery stance. <a href="https://www.presidency.ucsb.edu/statistics/elections/1852">Free floor party</a> outperformed the Democrats in three northern states, allowing the opposite major party, the Whigs, to win the presidency.</p>
<p>And in 1856, former Whig President Millard Fillmore led the newly formed American Party, also generally known as <a href="https://www.britannica.com/topic/Know-Nothing-party">Know-Nothing Party</a>When faced with a alternative between two candidates, Fillmore and Democrat James Buchanan, each of whom seemed deeply involved within the spread of slavery, <a href="https://www.presidency.ucsb.edu/statistics/elections/1856">many Northern Irish voted</a> for the brand new anti-slavery party, the Republican Party.</p>
<p>Fillmore&#39;s candidacy in 1856 made a Republican victory within the North virtually unattainable and guaranteed victory for Buchanan, who received only 45% of the vote.</p>
<p>Theodore Roosevelt&#39;s 1912 election campaign also caused dramatic changes in voting behavior. When the previous president was on the ballot, tens of millions of voters gave their votes to the opposite major party or to a very latest party. </p>
<p>At that point, Roosevelt was considered one of the <a href="https://www.jfklibrary.org/events-and-awards/kennedy-library-forums/past-forums/transcripts/edmund-morris-on-theodore-roosevelt">essentially the most famous men on the planet</a>. Reformers praised his ability to draw attention and gain support for progressive causes. </p>
<p>These qualities repelled conservative Republicans and traditional Democrats who feared a return of Roosevelt to power. </p>
<p>After failing to win the Republican nomination, Roosevelt became leader of the newly formed Progressive Party, winning six states and 88 electoral votes—the strongest showing ever for a third-party candidate. </p>
<p>However, the split within the Republican ranks allowed the Democrats to win with <a href="https://guides.loc.gov/presidential-election-1912">a landslide victory within the elections</a>.</p>
<p>A former president ran for a second term (non-consecutive term) and won: <a href="https://www.whitehouse.gov/about-the-white-house/presidents/grover-cleveland/">Grover Cleveland,</a> whose terms of office lasted from 1885 to 1889 and from 1893 to 1897.</p>
<h2>The rise of progressivism</h2>
<p>When Roosevelt ran for office in 1912, he saw a society shaken by rapid change. </p>
<p>Between 1870 and 1900 <a href="https://www.loc.gov/classroom-materials/united-states-history-primary-source-timeline/progressive-era-to-new-era-1900-1929/cities-during-progressive-era/">Population of the United States increased</a> from around 38 million to over 76 million. </p>
<p>During this time, the business world modified from small-scale manufacturing and native trade to large corporations and factory-based manufacturing.</p>
<p>From 1900 to 1915 one other <a href="https://www.loc.gov/classroom-materials/united-states-history-primary-source-timeline/progressive-era-to-new-era-1900-1929/immigrants-in-progressive-era/">15 million immigrants settled in American cities</a>.</p>
<p>A political reform movement generally known as <a href="https://www.britannica.com/topic/progressivism">Progressivism</a> appeared in all political parties. It aimed to deal with problems with <a href="https://www.loc.gov/classroom-materials/united-states-history-primary-source-timeline/progressive-era-to-new-era-1900-1929/immigrants-in-progressive-era/">immigration</a>, <a href="https://www.loc.gov/classroom-materials/united-states-history-primary-source-timeline/progressive-era-to-new-era-1900-1929/cities-during-progressive-era/">urbanization</a>political corruption, industrialization and the concentration of corporate power. </p>
<p>Roosevelt&#39;s political profession benefited from the growing momentum of progressivism. He was elected Vice President as a Republican in 1900 and took office in September 1901 after <a href="https://www.britannica.com/biography/Leon-Czolgosz">Assassination of President William McKinley</a>.</p>
<p>Election campaign together with his progressive “<a href="https://www.gilderlehrman.org/history-resources/essays/square-deal-theodore-roosevelt-and-themes-progressive-reform">Square offer</a>“—with a deal with consumer protection, control of enormous corporations, and conservation of natural resources—the favored incumbent won re-election in 1904 with the most important landslide the country had ever seen. </p>
<p>But in 1908, Roosevelt decided to not run for a 3rd time. Instead, he successfully campaigned for his Secretary of War, William Howard Taft. </p>
<p>But how <a href="https://www.whitehouse.gov/about-the-white-house/presidents/william-howard-taft/">Taft&#39;s Presidency</a> took shape, Roosevelt became dissatisfied with it. What frustrated Roosevelt most was <a href="https://ethicsunwrapped.utexas.edu/case-study/approaching-presidency-roosevelt-taft">Taft&#39;s refusal to make use of executive power</a> to advance progressive goals. </p>
<p>Roosevelt recognized the urgent need for vigorous presidential leadership and <a href="https://vpm.pbslearningmedia.org/resource/theodore-roosevelts-bull-moose-party-1912-election/ken-burns-the-roosevelts-video/">Taft challenged</a> for the Republican nomination in 1912.</p>
<figure class="align-center zoomable">
            <img decoding="async" alt="Caricature of a man in a top hat acting surprised when he meets a skinny cat." src="https://images.theconversation.com/files/619314/original/file-20240913-18-uxj78g.png?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=754&#038;fit=clip"><figcaption>
              <span class="caption">A 1912 political cartoon illustrating Theodore Roosevelt&#39;s dissatisfaction with the best way President William Howard Taft implemented his policies.</span><br />
              <span class="attribution"><a class="source" href="https://www.loc.gov/item/97517215/">Prints and Photographs Division of the Library of Congress</a></span><br />
            </figcaption></figure>
<p>At the Republican convention, nevertheless, party leaders rejected Roosevelt and confirmed Taft&#39;s nomination. Roosevelt&#39;s supporters stormed out of the party, complaining that the party leadership had manipulated rules and procedures to dam the previous president.</p>
<p>Despite his defeat within the nomination, Roosevelt assured his supporters that he felt “<a href="https://millercenter.org/president/roosevelt/campaigns-and-elections">strong as a bull moose</a>“ and expressed interest in “leaving” the Republican Party.</p>
<p>Roosevelt&#39;s threat to depart his party was repeated greater than 100 years later by one other former president who ran for non-consecutive terms. At the top of 2023 <a href="https://www.pbs.org/newshour/politics/trump-says-he-wont-be-participating-in-any-gop-presidential-primary-debates">Trump declined to participate </a> participated within the Republican presidential primaries and didn&#8217;t rule out the potential for running as an independent.</p>
<p>Trump&#39;s candidacy thus hampered efforts to seek out another candidate and missed the chance to win over skeptical Republicans. </p>
<h2>The Rise of the Bull Moose Party</h2>
<p>Within weeks of Roosevelt failing to secure the Republican nomination, the Progressive Party, popularly generally known as <a href="https://www.britannica.com/topic/Progressive-Party-United-States-1924">Bull Moose Party</a>held its national convention and nominated Roosevelt as its first presidential candidate.</p>
<p>Be <a href="https://millercenter.org/transforming-american-democracy-tr-and-bull-moose-campaign-1912">Presidential election campaign</a> There was no lack of energy or spectacle. In October 1912 <a href="https://wisconsinlife.org/story/shot-in-the-chest-theodore-roosevelt-kept-talking-in-milwaukee/">former president gave an hour-long speech</a> immediately after he was shot in an assassination attempt. </p>
<p>He told his followers: “<a href="https://www.theodoreroosevelt.org/content.aspx?page_id=22&#038;club_id=991271&#038;module_id=338394">To kill a bull moose, it takes more</a>.”</p>
<figure class="align-center ">
            <img decoding="async" alt="Theodore Roosevelt arrives at a hospital." src="https://images.theconversation.com/files/619656/original/file-20240916-20-j8kcvl.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=754&#038;fit=clip"><figcaption>
              <span class="caption">Theodore Roosevelt arrives at a hospital after New York saloon owner John F. Schrank attempted to assassinate him in Milwaukee in 1912.</span><br />
              <span class="attribution"><a class="source" href="https://www.gettyimages.com/detail/news-photo/exterior-of-the-hospital-where-u-s-president-theodore-news-photo/56226093?adppopup=true">Harlingue/Roger Viollet via Getty Images</a></span><br />
            </figcaption></figure>
<p>Like the recent assassination attempts on Trump, this attack provoked strong condemnation and mobilized the previous president&#39;s closest supporters. </p>
<p>On election day, Roosevelt faced Republican incumbent William Howard Taft, Socialist Party candidate Eugene V. Debs, and the Democratic candidate. <a href="https://www.pbs.org/wgbh/americanexperience/features/wilson-election-1912/">Woodrow Wilson</a>. </p>
<p>Many Republicans voted for Wilson because they believed his candidacy was more more likely to succeed than Roosevelt&#39;s. Some did so out of disgust at what they saw as Roosevelt&#39;s selfish and radical campaign. </p>
<p>The split within the Republican Party offered Democrats a chance that had denied them access to the presidency for many years. </p>
<h2>The legacy of 1912</h2>
<p>On election day, Democrat Wilson won 40 states and received 435 electoral votes. The Democrats <a href="https://www.270towin.com/1912_Election/">won the House of Representatives and the Senate for the primary time since 1892</a>. </p>
<p>However, Wilson won with lower than 42% of the vote, the bottom share of the vote for a president since <a href="https://www.britannica.com/event/United-States-presidential-election-of-1860">Abraham Lincoln&#39;s election of 1860</a>. </p>
<p>A unified Republican list would probably have prevailed in 1912.</p>
<p>Taft blamed Roosevelt for <a href="https://pharostrib.newspaperarchive.com/logansport-journal-tribune/1913-01-05/page-10/">1 million Republicans voted for the Democrats</a> to avert a victory for the progressives.  </p>
<p>Historical parallels are never perfect, however the 1912 election invites comparison as considered one of the world&#39;s most famous men runs for president for a 3rd time. </p>
<p>The <a href="https://www.usnews.com/news/national-news/articles/2024-09-12/as-voting-begins-how-close-is-the-race-for-president">The 2024 elections might be close</a>Will disillusioned Republicans, fearing a return of Trump to power, vote for Democratic Party candidate Kamala Harris, select a third-party candidate, or skip the election?</p>
<p><img decoding="async" src="https://counter.theconversation.com/content/234959/count.gif" alt="The conversation" width="1" height="1"></p>
<p class="fine-print"><em><span>Graeme Mack doesn&#8217;t work for, seek the advice of for, own shares in, or receive funding from any company or organization that might profit from this text, and has disclosed no relevant affiliations beyond his academic employment.</span></em></p>
<p><em>image credit : theconversation.com</em></p>
]]></content:encoded>
					
		
		
		<media:content url="https://images.theconversation.com/files/615400/original/file-20240823-25-qhs99x.jpg?ixlib=rb-4.1.0&#038;rect=228%2C466%2C2742%2C1368&#038;q=45&#038;auto=format&#038;w=1356&#038;h=668&#038;fit=crop" medium="image"></media:content>
	</item>
		<item>
		<title>Fewer bees and other pollinating insects result in crop losses</title>
		<link>https://bloggingthree.soflytech.com/2024/07/fewer-bees-and-other-pollinating-insects-result-in-crop-losses/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Sat, 20 Jul 2024 05:10:23 +0000</pubDate>
				<category><![CDATA[Health]]></category>
		<category><![CDATA[bees]]></category>
		<category><![CDATA[crop]]></category>
		<category><![CDATA[insects]]></category>
		<category><![CDATA[lead]]></category>
		<category><![CDATA[losses]]></category>
		<category><![CDATA[pollinating]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=9478</guid>

					<description><![CDATA[Rachel Mallinger talks about insect pollination. Which insects pollinate? Rachel Mallinger: Much pollinate various insects. Insects visit flowers for a lot of reasons, often to seek out food, nectar or pollen. Sometimes they visit flowers to mate or lay eggs or for shelter. Bees are a very powerful pollinators for a lot of plants, but [&#8230;]]]></description>
										<content:encoded><![CDATA[<p></p>
<div itemprop="articleBody">
<figure>
<p><iframe class="lazyload" data-src="https://player.vimeo.com/video/932141138" frameborder="0" webkitallowfullscreen="" mozallowfullscreen="" allowfullscreen="" width="100%" height="400"></iframe></p><figcaption><span class="caption">Rachel Mallinger talks about insect pollination.</span></figcaption></figure>
</p>
<p><strong>Which insects pollinate?</strong> </p>
<p><strong>Rachel Mallinger:</strong> Much <a href="https://www.xerces.org/pollinator-conservation/about-pollinators">pollinate various insects</a>. Insects visit flowers for a lot of reasons, often to seek out food, nectar or pollen. Sometimes they visit flowers to mate or lay eggs or for shelter. Bees are a very powerful pollinators for a lot of plants, but flies, wasps, beetles and butterflies also play a very important role. </p>
<p><strong>How ecologically critical are pollinating insects?</strong></p>
<p><strong>Mallinger:</strong> A small percentage of flowering plants are pollinated primarily by wind. However, latest research suggests that <a href="https://doi.org/10.1093/nsr/nwad219">Up to 90% require animal pollinators</a>Although birds, bats and other mammals also pollinate plants, insects are the first pollinators for the overwhelming majority of those plants. </p>
<p>Without insects and their pollination, these plants wouldn&#8217;t give you the option to breed and would experience a dramatic decline. <a href="https://nhmu.utah.edu/articles/2023/08/a-world-without-bugs#:%7E">in plant diversity and richness</a>Without pollinating insects, these plants wouldn&#8217;t produce seeds or fruits, which function food for a lot of animals, including humans. </p>
<p><strong>Have populations of pollinating insects declined?</strong></p>
<p><strong>Mallinger:</strong> Recent studies have shown <a href="https://www.npr.org/sections/goatsandsoda/2022/02/24/1082752634/the-insect-crisis-oliver-milman">quite dramatic declines in insects basically</a>and this has been shown even in protected areas. Therefore, we imagine that insect declines are prone to be much more dramatic in highly developed areas. </p>
<p>I mainly study native wild bees. Here in North America now we have <a href="https://www.usgs.gov/faqs/how-many-species-native-bees-are-united-states">between 4,000 and 5,000 species</a>. For many species, we have no idea whether or not they are in decline. Of the species for which now we have information, we estimate that about half are in decline and a few quarter are threatened and should grow to be extinct. </p>
<p>The most in danger are the special insects that require truly unique, specific food or nesting opportunities. This also applies to those who only have a limited distribution area anyway. For example, they only occur on islands or in a small area. </p>
<figure>
<p><iframe title="The Power of Pollinators" width="1170" height="658" src="https://www.youtube.com/embed/eDxZojp9yNg?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></p><figcaption><span class="caption">Although many bee populations are in danger, there&#8217;s much you possibly can do to assist.</span></figcaption></figure>
<p><strong>What is the economic importance of pollinating insects?</strong></p>
<p><strong>Mallinger:</strong> Crops pollinated by animals, especially insects, account for a few third of our agricultural production. A study within the state of Georgia found that over 360 million US dollars per yr are spent on <a href="https://doi.org/10.1093/jee/tou045">Pollination of crops by insects</a> only on this state.</p>
<p><strong>What do pollinating insects have to be healthy?</strong></p>
<p><strong>Mallinger:</strong> In addition to pollen and nectar, some pollinating insects require other food sources. For example, butterflies within the caterpillar stage need the foliage of their host plants. </p>
<p>Other pollinating insects, similar to wasps and flies, are carnivorous of their larval stage and must due to this fact feed on small arthropods – similar to spiders and millipedes – and insects during this time. </p>
<p>Over and beyond, <a href="https://www.nwf.org/garden-for-wildlife/about/national-initiatives/plant-for-pollinators">They need nesting places</a>. Most of our insect pollinators nest underground and due to this fact require soil that is comparatively undisturbed, bare and accessible. Other pollinators nest in woody debris, stems and reeds. And some pollinators, similar to butterflies, simply lay their eggs on host plants. </p>
<p>In addition, pollinators require environments which are free of poisons. They due to this fact require environments that will not be repeatedly <a href="https://www.xerces.org/blog/8-pesticide-myths-every-gardener-should-know">sprayed with pesticides, including insecticides</a>. </p>
<p><strong>What stress aspects result in the decline of pollinating insect populations?</strong></p>
<p><strong>Mallinger:</strong> I might say there are five primary stressors. </p>
<p><a href="https://learningenglish.voanews.com/a/study-climate-land-use-changes-sharply-reduce-pollinating-insects/7314362.html">Land use changes are a</a>This can involve the conversion of wilderness into agricultural land or built-up areas. </p>
<p>Climate change <a href="https://climate.nasa.gov/news/3231/climate-change-can-put-more-insects-at-risk-for-extinction/#:%7E">is one other stress factor</a>. It changes the common temperature that these pollinators are exposed to and increases the likelihood of maximum temperatures and weather events. Hurricanes and floods could be really damaging and destroy pollinator habitat. </p>
<p>Third, <a href="https://www.pan-europe.info/issues/pesticides-and-loss-biodiversity">Pesticides and other chemicals</a> in our surroundings which are toxic. </p>
<p>Invasive plants could be very harmful to pollinators. They <a href="https://doi.org/10.1146/annurev-ento-011613-162104">can take over an area</a> and replace the native plants that the pollinators rely on. That&#39;s 4. </p>
<p>And finally, <a href="https://doi.org/10.1111/een.12434">Pathogens and parasites</a>. </p>
<p>All five stressors can interact with one another. For example, climate change can increase the likelihood that invasive plant species, pathogens and parasites will thrive. Land use changes also can increase the likelihood of invasive species.</p>
<p><strong>What can homeowners do to support pollinators?</strong></p>
<p><strong>Mallinger:</strong> Growing a diversity of flowering plants for pollinators is <a href="https://www.fws.gov/story/2021-09/backyard-insects-and-pollinators#:%7E">probably the greatest things you possibly can do</a>. Try to have a minimum of three plants blooming at the identical time and search for a wide range of flower colours and shapes. Different pollinators have different preferences. You can have flowers in yellow, blue, purple, pink, red and white. </p>
<p>As for flower shapes, plant some flowers which are flat and accessible to pollinators with small mouthparts. And also plant some flowers with medium-length tubes and a few with long tubes. </p>
<p>Focus on native plants and check out to seek out plants that aren&#39;t just the common types you discover at the massive box home improvement stores. Go to native plant nurseries and search for resources online. </p>
<p>Also, attempt to create nesting sites in your garden. If space allows, put aside some woody waste for pollinators that nest above ground. This can include logs, trunks, and reeds. Also, be certain that your area is as chemical-free as possible. This includes reducing the usage of pesticides. </p>
<p>Remember that many pollinators that nest underground are non-aggressive and solitary. It&#39;s only a single pollinator and its nest. </p>
</p>
</p></div>
<p><em>image credit : theconversation.com</em></p>
]]></content:encoded>
					
		
		
		<media:content url="https://images.theconversation.com/files/590541/original/file-20240425-16-qqje15.jpg?ixlib=rb-4.1.0&#038;rect=0%2C207%2C4048%2C2021&#038;q=45&#038;auto=format&#038;w=1356&#038;h=668&#038;fit=crop" medium="image"></media:content>
	</item>
		<item>
		<title>Supreme Court blocks Purdue Pharma opioid settlement and threatens victims with billions in losses</title>
		<link>https://bloggingthree.soflytech.com/2024/06/supreme-court-blocks-purdue-pharma-opioid-settlement-and-threatens-victims-with-billions-in-losses/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Sun, 30 Jun 2024 11:56:05 +0000</pubDate>
				<category><![CDATA[Health]]></category>
		<category><![CDATA[billions]]></category>
		<category><![CDATA[blocks]]></category>
		<category><![CDATA[Court]]></category>
		<category><![CDATA[losses]]></category>
		<category><![CDATA[opioid]]></category>
		<category><![CDATA[Pharma]]></category>
		<category><![CDATA[Purdue]]></category>
		<category><![CDATA[settlement]]></category>
		<category><![CDATA[Supreme]]></category>
		<category><![CDATA[threatens]]></category>
		<category><![CDATA[victims]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=7748</guid>

					<description><![CDATA[WASHINGTON &#8211; The Supreme Court on Thursday tossed out the large bankruptcy reorganization of opioid maker Purdue Pharma, finding that the settlement improperly included legal protections for the Sackler family, putting billions of dollars won for victims in danger. By a 5-4 vote, the court ruled on an ideologically independent basis that the bankruptcy court [&#8230;]]]></description>
										<content:encoded><![CDATA[<p></p>
<div id="RegularArticle-ArticleBody-5" data-module="ArticleBody" data-test="articleBody-2" data-analytics="RegularArticle-articleBody-5-2"><span class="HighlightShare-hidden" style="top:0;left:0"></span></p>
<div role="region" aria-labelledby="Placeholder-ArticleBody-Video-107434164">
<div role="button" tabindex="0" id="Placeholder-ArticleBody-Video-107434164" class="PlaceHolder-wrapper" data-vilynx-id="7000344266" data-test="VideoPlaceHolder">
<div class="InlineVideo-videoEmbed" id="InlineVideo-0" data-test="InlineVideo">
<div class="InlineVideo-wrapper">
<div class="InlineVideo-inlineThumbnailContainer"><img decoding="async" class="InlineVideo-videoThumbnail" src="https://image.cnbcfm.com/api/v1/image/107434165-17194978581719497851-35134972312-1080pnbcnews.jpg?v=1719497858&#038;w=750&#038;h=422&#038;vtcrop=y" alt="Supreme Court blocks Purdue Pharma bankruptcy settlement"><span class="InlineVideo-videoButton"></span><span></span></div>
</div>
</div>
</div>
</div>
<div class="group">
<p>WASHINGTON &#8211; The Supreme Court on Thursday tossed out the large bankruptcy reorganization of opioid maker Purdue Pharma, finding that the settlement improperly included legal protections for the Sackler family, putting billions of dollars won for victims in danger.</p>
<p>By a 5-4 vote, the court ruled on an ideologically independent basis that the bankruptcy court didn&#8217;t have the authority to exonerate members of the Sackler family from the legal claims of opioid victims.</p>
<p>As a part of the deal, the family that controlled the corporate had agreed to pay $6 billion, which might be used to settle opioid-related lawsuits, but only in exchange for a whole release from any liability in future cases.</p>
<p>Justice Neil Gorsuch, writing for almost all, said the Sacklers could have filed for bankruptcy but as an alternative sought to connect themselves to the corporate&#39;s bankruptcy proceedings to settle pending legal claims. &#8220;They accomplished all this without obtaining the consent of the affected parties or putting anything close to all of their assets on the table for their creditors,&#8221; Gorsuch wrote.</p>
<p>“The current law does not justify Sackler’s dismissal,” he added.</p>
<p>Justice Brett Kavanaugh dissented, citing the impact of the choice on those that would profit from the settlement.</p>
<p>“Today’s decision is unlawful and devastating to the more than 100,000 opioid victims and their families,” he wrote.</p>
<p>As a results of the ruling, &#8220;opioid victims will now be denied the substantial financial compensation they have long fought for and have finally received after years of litigation,&#8221; he added.</p>
<p>The ruling implies that settlement negotiations should be restarted and there may be a possibility that no agreement might be reached.</p>
<p>Purdue Pharma called the decision &#8220;heartbreaking&#8221; due to the impact on victims, but vowed to proceed efforts to barter a brand new settlement. &#8220;The decision does not deter us from our dual goals of using the settlement funds to fight opioids and transforming the company into an engine for good,&#8221; the statement said.</p>
<p>In a press release, members of the Sackler family said they &#8220;remain confident of reaching a solution that provides significant resources to combat a complex health crisis.&#8221;</p>
<p>&#8220;While we are confident of our ability to prevail in future litigation given the serious misrepresentations of our families and the opioid crisis, we continue to believe that a swiftly negotiated agreement to provide billions of dollars to people and communities in need is the best path forward,&#8221; they added.</p>
</div>
<div class="group">
<p>At oral arguments in December, a lawyer representing among the victims told the judges that there was &#8220;no viable path&#8221; for victims to be compensated if the deal, including the Sackler agreement, was not honored.</p>
<p>The case drew even greater attention to the continuing impact of <a href="https://www.nbcnews.com/americas-heroin-epidemic" target="_blank" rel="noopener">the opioid crisis</a> and the role Sackler&#39;s Purdue property played in its creation.</p>
<p>As a part of the proposed agreement, which the Supreme Court <a href="https://www.nbcnews.com/politics/supreme-court/supreme-court-puts-purdue-pharma-bankruptcy-deal-hold-rcna98148" target="_blank" rel="noopener">placed on hold</a> When the Sackler family took over the case last 12 months, they agreed to pay about $6 billion that might be used to settle opioid-related damages claims, but only in exchange for complete immunity from any liability in future litigation.</p>
<p>The settlement, including assets held by Purdue, could be value significantly more since the restructured company might be entirely dedicated to combating the consequences of opioid abuse.</p>
<p>Since 2019, no Sackler has been involved in the corporate.</p>
<p>Purdue made billions from OxyContin, a widely used painkiller that fueled the opioid epidemic. The company&#39;s tactics of aggressively marketing the drug got here under increasing scrutiny as 1000&#8217;s of individuals died from opioid overdoses.</p>
<p>When the corporate&#39;s sales plummeted, it filed for bankruptcy protection, but members of the Sackler family didn&#8217;t. Instead, they negotiated a separate cope with Purdue and plaintiffs in pending lawsuits that will allow the corporate to reinvent itself to deal with the opioid crisis.</p>
<p>The New York-based U.S. 2nd Circuit Court of Appeals approved the plan last 12 months over the objection of William Harrington, the U.S. government trustee who oversees the bankruptcy. The Justice Department&#39;s trustee program is designed to make sure the bankruptcy system functions as required by law.</p>
<p>Harrington objected to the discharge of further lawsuits against the Sacklers, saying it might be unfair to potential future plaintiffs.</p>
<p>Purdue criticized Harrington&#39;s role, saying groups representing 1000&#8217;s of plaintiffs joined the settlement, which might not have happened without the Sackler family&#39;s input.</p>
<p>At the Supreme Court, several groups representing plaintiffs supported Purdue, including one group representing 1,300 cities, counties and other municipalities and one other representing 60,000 people affected by the opioid epidemic.</p>
<p>Those who objected to the agreement included Canadian municipalities and indigenous First Nations.</p>
<p>Purdue flourished under brothers Mortimer and Raymond Sackler, who died in 2010 and 2017 respectively. The family reaped billions and spent generously, including on <a href="https://www.newyorker.com/magazine/2017/10/30/the-family-that-built-an-empire-of-pain" target="_blank" rel="noopener">Sensational charity projects</a>.</p>
<p>The family told the Supreme Court that they continued to support the settlement.</p>
<p>In a <a href="https://www.supremecourt.gov/DocketPDF/23/23-124/285722/20231020160045002_2023-10-20%20Final%20Harrington%20v.%20Purdue%20Pharma%20Side%20A%20Brief.pdf" target="_blank" rel="noopener">Brief filed on behalf of</a> Lawyers for Mortimer Sackler&#39;s relatives, most of whom live abroad, warned of &#8220;significant legal costs and risks&#8221; in attempting to implement foreign court judgments against the family if the settlement is rejected.</p>
</div>
</div>
<p><em>image credit : www.cnbc.com</em></p>
]]></content:encoded>
					
		
		
		<media:content url="https://image.cnbcfm.com/api/v1/image/107343154-1701781457028-gettyimages-1824551962-mmfmq62sky6zhvtgyprz5z6wni.jpeg?v=1701781555&#038;w=1920&#038;h=1080" medium="image"></media:content>
	</item>
		<item>
		<title>Technology job losses are easing somewhat within the Bay Area as industry layoffs hit the region</title>
		<link>https://bloggingthree.soflytech.com/2024/05/technology-job-losses-are-easing-somewhat-within-the-bay-area-as-industry-layoffs-hit-the-region/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Wed, 15 May 2024 13:28:55 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Area]]></category>
		<category><![CDATA[Bay]]></category>
		<category><![CDATA[easing]]></category>
		<category><![CDATA[hit]]></category>
		<category><![CDATA[industry]]></category>
		<category><![CDATA[job]]></category>
		<category><![CDATA[Layoffs]]></category>
		<category><![CDATA[losses]]></category>
		<category><![CDATA[region]]></category>
		<category><![CDATA[technology]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=3533</guid>

					<description><![CDATA[The Bay Area&#39;s shaky tech industry is showing signs of stabilizing after suffering years-long waves of painful layoffs sparked by the sector&#39;s push for greater efficiency. While job losses at major firms like Tesla are still ravaging the region&#39;s tech industry, which is affected by layoffs, factory closures, consolidations and restructuring, the cuts are actually [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><img decoding="async" src="https://www.mercurynews.com/wp-content/uploads/2022/10/SJM-L-FACEBUS-0000-8.jpg?w=1400px&amp;strip=all" /></p>
<div>
<p>The Bay Area&#39;s shaky tech industry is showing signs of stabilizing after suffering years-long waves of painful layoffs sparked by the sector&#39;s push for greater efficiency.</p>
<p>While job losses at major firms like Tesla are still ravaging the region&#39;s tech industry, which is affected by layoffs, factory closures, consolidations and restructuring, the cuts are actually less severe overall.</p>
<p>In the one-year period ending March 2024, the Bay Area lost 36,000 tech jobs — a decline of three.9%, in accordance with a Beacon Economics estimate based on state employment reports.  In 2023, the 12-month period ending in December, the Bay Area lost 49,700 tech jobs, a decline of 5.2%.</p>
<p>Large firms similar to Meta, Google and Cisco have laid off employees in recent times.</p>
<p>“Last year’s tech layoffs, which followed overstaffing in tech in 2022 and early 2023, have slowed,” said Michael Bernick, an employment lawyer on the Duane Morris law firm and former director of the state Employment Development Department.</p>
<p>The long-term outlook for the region&#39;s economy and tech industry stays healthy, in accordance with Russell Hancock, president of Joint Venture Silicon Valley, a San Jose-based think tank.</p>
<p>“Downsizing is not the same as a downturn,” Hancock said.  “Despite the layoffs, we still have low unemployment in Silicon Valley and the greater Bay Area, which suggests people are on their feet.”</p>
<p>Additionally, a number of the recent high-profile bank implosions haven&#8217;t changed into a doomsday scenario for the local tech sector, as some East Coast experts had predicted.</p>
<p>“The good news here is that tech job losses have not increased following the collapse of Silicon Valley Bank and First Republic Bank,” said Scott Anderson, chief U.S. economist at BMO Capital Markets.  “After the first episode it was more of a constant drip, drip, drip.  However, there is no real end in sight.”</p>
<p>It can be clear that the tech sector decline has been most severe within the San Francisco-San Mateo region, where the biggest tech job losses are within the Bay Area and much greater tech job losses than within the South Bay, as shown by the news organization&#39;s evaluation of state workforce numbers compiled by Beacon Economics.</p>
<p>In 2023, the San Francisco-San Mateo region suffered a lack of 26,000 tech jobs – 52% of the 49,700 tech jobs lost across the Bay Area.  In contrast, the South Bay lost 20,600 tech jobs, or 41.4% of all jobs within the region.  The East Bay, whose reliance on high-tech jobs is way lower than that of its neighbors to the west and south, lost 2,900 tech jobs in 2023, or 5.8% of the whole.</p>
<p>San Francisco has been gripped by what some experts call an economic &#8220;bad luck cycle&#8221; triggered by a retail exodus, crime problems, office and hotel foreclosures and record-breaking office emptiness rates.</p>
<p>But some experts imagine Silicon Valley will give you the option to ease the pain of tech layoffs within the North.</p>
<p>“People who are losing their jobs in San Francisco or on the Peninsula are finding new opportunities in the South Bay,” Hancock said.  “Start-up activity and venture investments are quite robust.  Many companies are downsizing some areas of their business while expanding others.”</p>
<p>Nevertheless, cuts continued to occur in 2024.  In the primary three months of this 12 months, tech firms shed 11,000 jobs within the Bay Area.  March 2024 is the most recent month for which state employment agency figures can be found, although layoffs have continued since then.  In recent weeks, Tesla has announced plans to chop greater than 3,000 jobs within the Bay Area.</p>
<p>“The technology industry is not immune to the same negative economic forces hanging over the current economy,” Bernick said.</p>
<p>These macroeconomic problems include high rates of interest and budget deficits that plague federal and state governments.</p>
<p>And “conditions for the tech industry remain challenging as long as interest rates remain as high as they are,” Anderson said.</p>
<p>Nevertheless, some experts see reason to be optimistic concerning the way forward for the industry.</p>
<p>“The continued loss of tech jobs is disappointing, but there are some hopeful signs emerging,” said Steve Levy, director of the Palo Alto-based Center for Continuing Study of the California Economy.  “The rents for vacant office space are falling and attracting new tenants.”</p>
</div>
<p><em>image credit : www.mercurynews.com</em></p>
]]></content:encoded>
					
		
		
		<media:content url="https://www.mercurynews.com/wp-content/uploads/2022/10/SJM-L-FACEBUS-0000-8.jpg?w=1024&#038;h=683" medium="image"></media:content>
	</item>
		<item>
		<title>The Tory Party suffers historic losses within the UK local elections</title>
		<link>https://bloggingthree.soflytech.com/2024/05/the-tory-party-suffers-historic-losses-within-the-uk-local-elections/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Sat, 04 May 2024 00:09:45 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[elections]]></category>
		<category><![CDATA[historic]]></category>
		<category><![CDATA[local]]></category>
		<category><![CDATA[losses]]></category>
		<category><![CDATA[Party]]></category>
		<category><![CDATA[suffers]]></category>
		<category><![CDATA[Tory]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=2471</guid>

					<description><![CDATA[LONDON &#8211; Britain&#39;s ruling Conservative Party suffered heavy losses in local election results on Friday, further cementing expectations that the Labor Party will return to power after 14 years in Britain&#39;s general election in the approaching months. Labor gained control of councils in England, which the party has not held for a long time, and [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><img decoding="async" src="https://www.mercurynews.com/wp-content/uploads/2024/05/Britain-Election.jpg?w=1400px&amp;strip=all" /></p>
<div>
<p>LONDON &#8211; Britain&#39;s ruling Conservative Party suffered heavy losses in local election results on Friday, further cementing expectations that the Labor Party will return to power after 14 years in Britain&#39;s general election in the approaching months.</p>
<p>Labor gained control of councils in England, which the party has not held for a long time, and was successful in a special election for a seat in Parliament.</p>
<p>If these results are repeated in the overall election, it will end in one in all the Conservatives&#39; worst ever defeats.</p>
<p>Although the general results, admittedly with a low turnout, represent a dismal consequence for Prime Minister Rishi Sunak, he was in a position to breathe a sigh of relief when the Conservative mayor of Tees Valley in north-east England was re-elected, albeit with a muted results of the vote.  The victory of Ben Houchen, who ran a really personal campaign, might be enough to guard Sunak from a revolt by Conservative MPs.</p>
<p>For Labor leader Keir Starmer, the outcomes were generally excellent, although the party&#39;s candidates in some areas with large Muslim populations, resembling Blackburn and Oldham in northwest England, appear to have suffered from the leadership&#39;s strongly pro-Israel stance within the war in Gaza.</p>
<p>Perhaps most vital within the context of the overall election, which must happen by January but could happen next month, is Labor retaking the parliamentary seat of Blackpool South in northwest England.  The seat passed to the Conservatives on the last general election in 2019, when then-Prime Minister Boris Johnson made major inroads in pro-Brexit parts of the country.</p>
<p>In the competition, which was triggered by the resignation of a Conservative MP following a lobbying scandal, Labor&#39;s Chris Webb secured 10,825 votes in comparison with 3,218 votes for his second-placed Conservative opponent.  The 26% swing from Conservatives to Labor was one in all the biggest because the Second World War &#8211; good enough to bring the party back to power for the primary time since its expulsion in 2010.</p>
<p>Starmer traveled to Blackpool, a coastal town, to congratulate Webb and called on Sunak to call a general election.  Sunak has the facility to come to a decision the date and has indicated it is going to be within the second half of 2024.</p>
<p>“This was aimed directly at Rishi Sunak to say we are fed up with your decline, your chaos and your division and we want change,” Starmer said.</p>
<p>Thursday&#39;s election across much of England was vital in itself, as voters decided who would take over many elements of their day by day lives in the approaching years, resembling rubbish collection, road maintenance and native crime prevention.  However, with a national election approaching, they can be viewed through a national prism.</p>
<p>John Curtice, professor of politics on the University of Strathclyde, said the Conservatives are losing about half of the seats they&#8217;re defending.</p>
<p>“We are probably looking at one of the worst, if not the worst, performance of the Conservatives in local elections in the last 40 years,” he said on BBC radio.</p>
<p>Late on Friday evening, with greater than half of the two,661 seats up for grabs counted, the Conservatives lost greater than 410 seats while Labor gained almost 170 seats.  Other parties, resembling the centrist Liberal Democrats and the Greens, also saw gains.  Reform UK, which is attempting to usurp the Conservatives from the appropriate, also had some success, particularly in Blackpool South, where it needed lower than 200 votes to secure second place.</p>
<p>Labor won in areas that voted for Britain to depart the European Union in 2016 and where it was defeated by Brexiteer Johnson, resembling Hartlepool in northeast England and Thurrock in southeast England.  It also took control of Rushmoor, a green and heavily military council within the south of England, where it had never won.</p>
<p>A brilliant spot for Sunak was the end in Tees Valley, which had been a standard Labor stronghold before Brexit.</p>
<p>Sunak struck a defiant tone on Teesside as he congratulated Houchen, whose share fell almost 20 percentage points from 2021 to 54%, while admitting &#8220;disappointing&#8221; results elsewhere.</p>
<p>Sunak hopes Andy Street will remain mayor of the West Midlands when the result&#8217;s announced on Saturday.  Labour&#39;s Sadiq Khan is anticipated to stay London&#39;s mayor, despite some concerns being raised that he could lose to Conservative rival Susan Hall resulting from low turnout.</p>
<p>Sunak became prime minister in October 2022, following the short term of his predecessor Liz Truss, who left office after 49 days after a Budget containing unfunded tax cuts roiled financial markets and sent borrowing costs soaring for homeowners.</p>
<p>Her chaotic &#8211; and traumatic &#8211; leadership compounded the Conservatives&#39; difficulties after the circus surrounding her predecessor Johnson, who was forced to resign after being accused of lying to Parliament about breaches of the coronavirus lockdown in his Downing Street offices .</p>
<p>Nothing Sunak has tried to do has modified the political trajectory, with Labor consistently leading by 20 percentage points in opinion polls.  Whether anyone else can do higher than Sunak is a matter that would concern nervous Conservative MPs in Parliament ahead of the weekend.</p>
</div>
<p><em>image credit : www.mercurynews.com</em></p>
]]></content:encoded>
					
		
		
		<media:content url="https://www.mercurynews.com/wp-content/uploads/2024/05/Britain-Election.jpg?w=1024&#038;h=627" medium="image"></media:content>
	</item>
		<item>
		<title>Nvidia supplier SK Hynix makes up for losses in the primary quarter as a consequence of AI demand</title>
		<link>https://bloggingthree.soflytech.com/2024/04/nvidia-supplier-sk-hynix-makes-up-for-losses-in-the-primary-quarter-as-a-consequence-of-ai-demand/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Thu, 25 Apr 2024 03:27:34 +0000</pubDate>
				<category><![CDATA[Technology]]></category>
		<category><![CDATA[demand]]></category>
		<category><![CDATA[due]]></category>
		<category><![CDATA[Hynix]]></category>
		<category><![CDATA[losses]]></category>
		<category><![CDATA[Nvidia]]></category>
		<category><![CDATA[quarter]]></category>
		<category><![CDATA[supplier]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=1513</guid>

					<description><![CDATA[South Korean memory chip maker SK Hynix on Thursday reported first-quarter net profit of 1.92 trillion South Korean won ($1.39 billion). reverse a loss of two.58 trillion won in the identical period a yr ago. This was the primary positive income for the reason that third quarter of 2022, LSEG data showed. SK Hynix posted [&#8230;]]]></description>
										<content:encoded><![CDATA[<p></p>
<div id="RegularArticle-ArticleBody-5" data-module="ArticleBody" data-test="articleBody-2" data-analytics="RegularArticle-articleBody-5-2"><span class="HighlightShare-hidden" style="top:0;left:0"></span></p>
<div class="group">
<p>South Korean memory chip maker SK Hynix on Thursday reported first-quarter net profit of 1.92 trillion South Korean won ($1.39 billion). <a href="https://news.skhynix.com/sk-hynix-announces-1q24-financial-results/" target="_blank" rel="noopener">reverse a loss</a> of two.58 trillion won in the identical period a yr ago.</p>
<p>This was the primary positive income for the reason that third quarter of 2022, LSEG data showed.  SK Hynix posted five straight quarters of net losses as a consequence of a slump within the memory chip market.</p>
<p>Sales totaled 12.43 trillion won in the primary quarter, up 144% year-on-year.  This was the very best sales for the reason that second quarter of 2022, in accordance with LSEG data.</p>
<p>SK Hynix attributed the strong performance to an &#8220;increase in sales of AI server products, supported by its leadership in AI storage technology, including high-bandwidth storage,&#8221; in addition to efforts to extend profitability.</p>
<p>SK Hynix is ​​the second largest memory chip maker on the planet after Samsung Electronics and supplies high-bandwidth memory chips for AI chipsets for corporations resembling <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-2">Nvidia<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>.</p>
<p>The explosive demand for AI chipsets boosted the marketplace for high-end memory chips, benefiting players like SK Hynix and Samsung Electronics hugely.</p>
<p>Large language models like ChatGPT – which led to a surge in AI adoption – require many powerful memory chips because these allow these models to recollect details from past conversations and user preferences to generate human-like responses.</p>
<p>To meet the demand for AI storage, the corporate plans to extend the provision of HBM3E &#8211; the newest generation of high-bandwidth storage for AI.  SK Hynix said it&#8217;ll also introduce 32GB Double Data Rate 5 products this yr to strengthen its leadership within the high-capacity server DRAM market.</p>
</div>
<div role="region" aria-labelledby="Placeholder-ArticleBody-Video-107400715">
<div role="button" tabindex="0" id="Placeholder-ArticleBody-Video-107400715" class="PlaceHolder-wrapper" data-vilynx-id="7000337242" data-test="VideoPlaceHolder">
<div class="InlineVideo-videoEmbed" id="InlineVideo-0" data-test="InlineVideo">
<div class="InlineVideo-wrapper">
<div class="InlineVideo-inlineThumbnailContainer"><img decoding="async" class="InlineVideo-videoThumbnail" src="https://image.cnbcfm.com/api/v1/image/107400716-17129564831712956480-34098755684-1080pnbcnews.jpg?v=1712956482&#038;w=750&#038;h=422&#038;vtcrop=y" alt="Matt Bryson from Wedbush talks about the AI ​​chip space"><span class="InlineVideo-videoButton"></span><span></span></div>
</div>
</div>
</div>
</div>
<div class="group">
<p>“We will continue to work to improve our financial results by delivering the industry&#39;s best-performing products at the right time and maintaining a commitment to profitability,” said Chief Financial Officer Kim Woohyun.</p>
<p>The company expects the general memory market to grow steadily in the approaching months amid increasing demand for AI memory, while the traditional DRAM market begins to get better from the second half of 2024.</p>
<p>Pandemic-related demand for consumer electronics led to corporations stockpiling memory chips.  But macroeconomic uncertainties resembling inflation caused consumers to limit their purchases of such consumer goods, resulting in a decline in demand and costs for memory chips.</p>
<p>To address excess inventory, corporations like SK Hynix have cut production of their memory chips.</p>
<p>Shares of SK Hynix fell greater than 4% on Thursday morning, despite rising greater than 100% within the last yr.</p>
</div>
<h2 class="ArticleBody-subtitle"><a id="headline0"></a>Capturing AI demand</h2>
<div class="group">
<p>The company recently announced plans to fulfill AI demand.</p>
<p>The company announced this on Wednesday <a href="https://news.skhynix.com/sk-hynix-to-produce-dram-from-m15x-in-cheongju/" target="_blank" rel="noopener">plans to construct a brand new factory in South Korea</a>with an expected completion date of November 2025, to extend production of next-generation DRAM including HBM to fulfill the growing demand for AI chips.</p>
<p>The total investment would amount to greater than 20 trillion won in the long run, SK Hynix said.</p>
</div>
<div class="group">
<p><a href="https://news.skhynix.com/sk-hynix-partners-with-tsmc-to-strengthen-hbm-technological-leadership/" target="_blank" rel="noopener">SK Hynix also works with TSMC</a>, the world&#39;s largest contract chipmaker, will construct high-bandwidth memory chips and next-generation packaging technology.  Mass production of the HBM4 chips is scheduled to start in 2026.</p>
<p>According to an April 19 statement, SK Hynix will leverage TSMC&#39;s state-of-the-art processes.</p>
</div>
</div>
<p><em>image credit : www.cnbc.com</em></p>
]]></content:encoded>
					
		
		
		<media:content url="https://image.cnbcfm.com/api/v1/image/107406078-1714006156860-gettyimages-2149232151-SKOREA_SK_HYNIX.jpeg?v=1714006227&#038;w=1920&#038;h=1080" medium="image"></media:content>
	</item>
	</channel>
</rss>
