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TORONTO (AP) — Britta Curl-Salemme and Michaela Cava each scored twice and the Minnesota Frost beat the Toronto Sceptres 6-3 on Saturday in the Professional Women’s Hockey League. Read this article for free: Already have an account? To continue reading, please subscribe: * TORONTO (AP) — Britta Curl-Salemme and Michaela Cava each scored twice and the Minnesota Frost beat the Toronto Sceptres 6-3 on Saturday in the Professional Women’s Hockey League. Read unlimited articles for free today: Already have an account? TORONTO (AP) — Britta Curl-Salemme and Michaela Cava each scored twice and the Minnesota Frost beat the Toronto Sceptres 6-3 on Saturday in the Professional Women’s Hockey League. Curl-Salemme gave Minnesota a 4-3 lead at 6:29 of the third period. Cava scored the final two goals, the last into an empty net. Claire Butorac and Dominique Petrie also scored and Maddy Rooney stopped 21 shots to help Minnesota improve to 2-0-1. Daryl Watts, Victoria Bach and Jesse Compher scored for Toronto. The Sceptres are 1-2-0. Minnesota beat Toronto for the fourth straight game dating to last season’s playoffs. The Frost won the final three games of a best-of-five semifinal after dropping the first two. Takeaways Frost: Defender Maggie Flaherty served the first game of a two-game suspension for a headshot on Boston’s Alina Mueller, with Mae Batherson taking her place for her PWHL debut. Batherson is the younger sister of Ottawa Senators forward Drake Batherson. Sceptres: Rylind MacKinnon is one of only two Canadian university players in the PWHL, with New York’s Emmy Fecteau from Concordia the other. MacKinn, a former University of British Columbia defender, has two assists this season. Up next Toronto is at New York on Wednesday night. Minnesota host Ottawa on Thursday night. ___ AP sports: https://apnews.com/sports Advertisement
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Strictly Come Dancing fans were up in arms during the semi-final, accusing Shirley Ballas of overly praising and over-scoring Pete Wicks . After never facing a dance-off, the former TOWIE star has advanced to the last stages, while seemingly better dancers have been sent home. On Saturday, December 7 he was competing against Chris McCausland , Tasha Ghouri , JB Gill , and Sarah Hadland . And after Pete's initial performance, head judge Shirley heaped on the praise, even crowning him 'Mr Strictly'. Shirley addressed Pete directly, explaining saying: "You are Mr Strictly Come Dancing . You are what this show is about. Everybody at home, all the parents, will be sitting there and thinking, 'if Pete can do it, I can do it' and you will inspire people to go to the dance studio." She continued: "You had no experience whatsoever coming in. I thought you did a very good job on your footwork and your neckline.... week one you were like this and today you were shining. You didn't make any mistakes, you did a grand job. You should walk with your head high - you are absolutely Mr Strictly Come Dancing ," reports the Mirror . She then awarded him an impressive score of nine out of 10, contributing to his total of 32 out of 40. Social media users on platform X, however, accused Shirley of showing favouritism. One outraged fan posted: "SHIRLEY CALLING PETE MR STRICTLY COME DANCING LIKE MONTELL DIDNT ALSO START FROM NOTHING BUT NEVER GOT THAT PRAISE. The bias is RIDICULOUS." Another said: "Sh*rley can retire after calling pete mr strictly come dancing after criticising tasha for coming out of lifts, it's completely unfair to treat contestants so differently. Pete is not the first or last person to start at nothing NOT EVEN IN THIS SERIES." A third added: "shirley calling pete "mr strictly come dancing " when he shouldn't even be in the semi finals in the first place..." and another fumed: "Shirley acting like Pete is God's gift to dancing and giving him a bloody 9." A fifth added: "Shirley giving that a 9? ? I've defended her all series but scoring that the same as JB and Sarah? Please.." The controversy follows last weekend's shock dance-off which saw Olympian Montell Douglas and Tasha Ghouri facing elimination, ending with Montell's departure after the judges' decision. Strictly Come Dancing is on BBC One and BBC iPlayerAlberta aiming to create test site to support new drilling technologies'Political hijacking': Ranting Trump celebrates dismissal motion of Jack Smith's case
Opposition fighters are closing in on Syria’s capita l in a swiftly developing crisis that has taken much of the world by surprise. Syria's army has abandoned key cities with little resistance. Nervous residents in Damascus describe security forces on the streets. The state news agency has been forced to deny rumors that President Bashar Assad has left the country. Who are these opposition fighters? If they enter Damascus after taking some of Syria’s largest cities , what then? Here’s a look at the stunning reversal of fortune for Assad and his government in just the past 10 days, and what might lie ahead as Syria’s 13-year civil war reignites. The aim? Overthrow the government This is the first time that opposition forces have reached the outskirts of the Syrian capital since 2018, when the country’s troops recaptured the area following a yearslong siege. The approaching fighters are led by the most powerful insurgent group in Syria, Hayat Tahrir al-Sham, or HTS, along with an umbrella group of Turkish-backed Syrian militias called the Syrian National Army. Both have been entrenched in the northwest. They launched the shock offensive on Nov. 27 with gunmen capturing Aleppo, Syria’s largest city, and the central city of Hama, the fourth largest. The HTS has its origins in al-Qaida and is considered a terrorist organization by the U.S. and the United Nations. But the group said in recent years it cut ties with al-Qaida, and experts say HTS has sought to remake itself in recent years by focusing on promoting civilian government in their territory as well as military action. HTS leader Abu Mohammed al-Golani told CNN in an exclusive interview Thursday from Syria that the aim of the offensive is to overthrow Assad’s government. Possible rifts ahead The HTS and Syrian National Army have been allies at times and rivals at times, and their aims might diverge. The Turkish-backed militias also have an interest in creating a buffer zone near the Turkish border to keep away Kurdish militants at odds with Ankara. Turkey has been a main backer of the fighters seeking to overthrow Assad but more recently has urged reconciliation, and Turkish officials have strongly rejected claims of any involvement in the current offensive. Whether the HTS and the Syrian National Army will work together if they succeed in overthrowing Assad or turn on each other again is a major question. Others take advantage While the flash offensive against Syria’s government began in the north, armed opposition groups have also mobilized elsewhere. The southern areas of Sweida and Daraa have both been taken locally. Sweida is the heartland of Syria’s Druze religious minority and had been the site of regular anti-government protests even after Assad seemingly consolidated his control over the area. Daraa is a Sunni Muslim area that was widely seen as the cradle of the uprising against Assad’s rule that erupted in 2011. Daraa was recaptured by Syrian government troops in 2018, but rebels remained in some areas. In recent years, Daraa was in a state of uneasy quiet under a Russian-mediated ceasefire deal. And much of Syria's east is controlled by the Syrian Democratic Forces, a Kurdish-led group backed by the United States that in the past has clashed with most other armed groups in the country. Syria's government now has control of only three of 14 provincial capitals: Damascus, Latakia and Tartus. What’s next? Much depends on Assad’s next moves and his forces' will to fight the rebels. A commander with the insurgents, Hassan Abdul-Ghani, posted on the Telegram messaging app that opposition forces have started carrying out the “final stage” of their offensive by encircling Damascus. And Syrian troops withdrew Saturday from much of the central city of Homs, Syria's third largest, according to a pro-government outlet and the Britain-based Syrian Observatory for Human Rights. If that city is captured, the link would be cut between Damascus, Assad’s seat of power, and the coastal region where he enjoys wide support. “Homs to the coastal cities will be a very huge red line politically and socially. Politically, if this line is crossed, then we are talking about the end of the entire Syria, the one that we knew in the past,” said a Damascus resident, Anas Joudeh. Assad appears to be largely on his own as allies Russia and Iran are distracted by other conflicts and the Lebanon-based Hezbollah has been weakened by its war with Israel, now under a fragile ceasefire. The U.N. special envoy for Syria, Geir Pedersen, seeks urgent talks in Geneva to ensure an “orderly political transition,” saying the situation is changing by the minute. He met with foreign ministers and senior diplomats from eight key countries including Saudi Arabia, Russia, Egypt, Turkey and Iran on the sidelines of the Doha Summit. President-elect Donald Trump in his first extensive comments on the developments in Syria said the besieged Assad didn’t deserve U.S. support to stay in power. “THIS IS NOT OUR FIGHT,” Trump posted on social media. ___ Associated Press writer Abby Sewell in Beirut contributed.
Projector comes with 8K wireless connectivity and UST technology for smooth, high-resolution visuals Samsung Electronics today announced that The Premiere 8K, the company’s flagship premium projector, has received the industry’s first 8K Association (8KA) certification for 8K projectors. This recognition underscores Samsung’s leadership in projection technology while setting a new benchmark for the industry. “The Premiere 8K receiving the industry’s first 8KA certification is a major milestone as it officially demonstrates the new potential of projector technology.” said Taeyoung Son, Executive Vice President of Visual Display Business at Samsung Electronics. “We are committed to expanding the 8K ecosystem by continuously and extensively integrating new technologies.” Raising the Bar for 8K Projection Standards The 8KA is a global consortium of leading technology companies dedicated to advancing the adoption and standardization of 8K technology. On Dec 10, the organization introduced its New Projector certification program for 8K projectors, a significant step in the development of the 8K ecosystem. The 8KA certification evaluates a comprehensive set of standards critical to delivering an immersive viewing experience. These include resolution (7680 x 4320) , brightness , contrast and color gamut to ensure vivid detail in both highlights and shadows. The criteria also encompass high dynamic range (HDR) for enhanced visual depth, 8K upscaling to refine lower-resolution content and immersive audio capabilities that support the latest formats for synchronized, high-quality sound that matches 8K’s stunning picture quality. Samsung’s The Premiere 8K excelled across all these categories, becoming the first in the industry to receive the certification. Bringing Unmatched Immersion to the Home Cinema Unveiled at CES 2024, The Premiere 8K transforms home entertainment with groundbreaking features and cutting-edge technology. It is the first projector to offer 8K wireless connectivity, enabling seamless streaming without complex setups. Using ultra-short throw (UST) technology with advanced aspherical mirrors, it delivers stunning, high-resolution visuals from a short distance, eliminating the need for ceiling mounts or additional installations. The Premiere 8K is designed to deliver a truly immersive experience. With 4,500 ISO Lumens of brightness, it produces vibrant, lifelike visuals — even in well-lit spaces — while its Sound-on-Screen technology integrates the top speaker module and software algorithms for an immersive sound experience. With this 8KA certification, Samsung has reaffirmed its leadership in display innovation and further solidified its reputation as a pioneer in ultra-premium technology.AP Business SummaryBrief at 3:15 p.m. EST
So you're gathering with relatives whose politics are different. Here are some tips for the holidays( MENAFN - PR Newswire) BEIJING, Dec. 12, 2024 /PRNewswire/ -- The closely watched Central Economic Work conference was held in Beijing from Wednesday to Thursday as Chinese leaders decided priorities for the economic work in 2025. Xi Jinping, general secretary of the Communist Party of China Central Committee, Chinese president and chairman of the Central Military Commission, delivered an important speech at the annual conference. According to the meeting, despite the "complex and severe situation of growing external pressures and increasing internal difficulties," China has ensured the overall stability and steady progress of the economy, and the major goals and tasks for economic and social development in 2024 are expected to be accomplished. It stressed that China must adopt more proactive macro policies, expand domestic demand, and promote the integrated development of scientific and technological innovation and industrial innovation to do a good job in economic work in 2025. Efforts must also be made to secure the steady development of the real estate and stock markets, guard against and defuse risks and external shocks in key areas, and stabilize expectations and stimulate vitality so as to promote sustained economic recovery, said the meeting. From fiscal policy to monetary policy According to the meeting, China will also adopt a "more proactive" fiscal policy, including an increase in the ratio of deficit and in the issuance of ultra-long special treasury bonds and local government special-purpose bonds. China's government debt-to-GDP ratio, according to the Ministry of Finance, stood at 67.5 percent at the end of 2023, much lower than the average 118.2 percent among G20 members and 123.4 percent for G7 countries estimated by the International Monetary Fund (IMF). China's fiscal deficit has long been below 3 percent, significantly lower than other major economies. With a low government leverage ratio, China's central budget has room for increased borrowing and deficit expansion, Minister of Finance Lan Fo'an said in October. The Central Economic Work Conference said China will adopt a "moderately loose" monetary policy and lower the reserve requirement ratio and interest rates when necessary to ensure adequate liquidity. It marks the first "prudent" to "moderately loose" transition in the country's monetary stance since 2011. Since the beginning of 2024, the People's Bank of China, the central bank, has cut the reserve requirement ratio twice, by 1 percentage point in total, for financial institutions, releasing approximately 2 trillion yuan (about $274.8 billion) in long-term liquidity. From domestic demand to opening up The Central Economic Work Conference listed priorities for economic work in 2025 in nine aspects, from stimulating consumption and developing new quality productive forces to preventing and addressing risks in key areas, consolidating poverty alleviation achievements and boosting green development. The meeting stressed the need to vigorously boost consumption, improve investment efficiency and expand domestic demand on all fronts. China remains one of the largest markets in the world. From January to October this year, China's total retail sales of consumer goods approached 40 trillion yuan, while last year's total exceeded 47 trillion yuan, according to the National Bureau of Statistics. A national program aimed at promoting consumer goods trade-ins, unveiled in March, has demonstrated the untapped room of China's domestic demand. Over 30 million participants have been attracted to the program, contributing total sales of over 400 billion yuan. The two-day meeting also called for more efforts to further promote high-level opening up and secure the steady growth of foreign trade and foreign investment. "China's development is open and inclusive," said Xi while meeting leaders of major international economic organizations, including the IMF, in Beijing on Tuesday, one day before the start of the annual conference. China will put in place new systems for a higher-standard open economy, provide more opportunities for the development of other countries and share more development benefits with the world, Xi told the leaders at the Great Hall of the People. Starting December 1, China has granted zero-tariff treatment for 100 percent of tariff lines to all least developed countries with which it has diplomatic relations. That will help more products from these countries enter the Chinese market, sharing opportunities and boosting development, said Lyu Daliang, an official from China's General Administration of Customs. For more information, please click: SOURCE CGTN MENAFN12122024003732001241ID1108988690 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
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Airports and highways are expected to be jam-packed during Thanksgiving week, a holiday period likely to end with another record day for air travel in the United States. AAA predicts that nearly 80 million Americans will venture at least 50 miles from home between Tuesday and next Monday, most of them by car. However, travelers could be impacted by ongoing weather challenges and those flying to their destinations could be grounded by delays brought on by airline staffing shortages and an airport service workers strike . Here's the latest: U.S. airlines are preparing for a Thanksgiving holiday rush, and so are the U.S. Postal Service, United Parcel Service and FedEx. Shipping companies will deliver about 2.2 billion packages to homes and businesses across the U.S. from Thanksgiving to Dec. 31, said Satish Jindel, a shipping and logistics expert and president of ShipMatrix. That’s down from 2.3 billion packages last year. Because the shopping period is a week shorter than in 2023, consumers are shopping further ahead of Black Friday and more purchases are taking place in physical stores, he said. The number of holiday package shipments grew 27% in 2020 and by more than 3% the following year during the pandemic. The numbers have been falling since then, with a projected decline of about 6% this holiday season. Looking to de-stress while waiting for your flight? Many airports have a fleet of therapy dogs — designated fidos and puppers that are eager to receive pets and snuggles from weary travelers. Rules and schedules vary from airport to airport, but the group AirportTherapyDogs uses online crowdsourcing to share the locations of therapy dogs across its various social media accounts. Today, Gracie, a toy Australian shepherd, and Budge, an English bulldog, wandered the concourses at Denver International Airport, and an American Staffordshire Terrier named Hugo greeted travelers at Punta Gorda Airport in Florida. Some airports even feature other therapy pals. San Francisco International Airport’s fleet of animals includes a Flemish Giant rabbit and a hypoallergenic pig. “We cannot live on the wages that we are being paid,” ABM cabin cleaner Priscilla Hoyle said at a rally earlier Monday. “I can honestly say it’s hard every single day with my children, working a full-time job but having to look my kids in the eyes and sit there and say, ‘I don’t know if we’re going to have a home today.’” Timothy Lowe II, a wheelchair attendant, said he has to figure out where to spend the night because he doesn’t make enough for a deposit on a home. “We just want to be able to have everything that’s a necessity paid for by the job that hired us to do a great job so they can make billions,” he said. ABM said it is “committed to addressing concerns swiftly” and that there are avenues for employees to communicate issues, including a national hotline and a “general open door policy for managers at our worksite.” Employees of ABM and Prospect Airport Services cast ballots Friday to authorize the work stoppage at Charlotte Douglas International Airport, a hub for American Airlines. They described living paycheck to paycheck while performing jobs that keep planes running on schedule. Most of them earn $12.50 to $19 an hour, union officials said. Rev. Glencie Rhedrick of Charlotte Clergy Coalition for Justice said those workers should make $22 to $25 an hour. The strike is expected to last 24 hours. Several hundred workers participated in the work stoppage. Forty-four fights have been canceled today and nearly 1,900 were delayed by midday on the East Coast, according to FlightAware . According to the organization’s cheekily named MiseryMap , San Francisco International Airport is having the most hiccups right now, with 53 delays and three cancellations between 11 a.m. and 3 p.m. EST. While that might sound like a lot of delays, they might not be so bad compared to last Friday when the airport suffered 671 delays and 69 cancellations. In an apparent effort to reduce the headaches caused by airport line cutting, American Airlines has rolled out boarding technology that alerts gate agents with an audible sound if a passenger tries to scan a ticket ahead of their assigned group. This new software won’t accept a boarding pass before the group it’s assigned to is called, so customers who get to the gate prematurely will be asked to go back and wait their turn. As of Wednesday, the airline announced, the technology is now being used in more than 100 U.S. airports that American flies out of. The official expansion arrives after successful tests in three of these locations — Albuquerque International Sunport, Ronald Reagan Washington National Airport and Tucson International Airport. ▶ Read more about American Airlines’ new boarding technology Travel can be stressful in the best of times. Now add in the high-level anxiety that seems to be baked into every holiday season and it’s clear travelers could use some help calming frazzled nerves. Here are a few ways to make your holiday journey a little less stressful: 1. Make a checklist of what you need to do and what you need to bring 2. Carry your comfort with you — think noise-canceling headphones, cozy clothes, snacks and extra medication 3. Stay hydrated 4. Keep up to date on delays, gate changes and cancellations with your airline’s app ▶ Read more tips about staying grounded during holiday travel Thanksgiving Day takes place late this year, with the fourth Thursday of November falling on Nov. 28. That shortens the traditional shopping season and changes the rhythm of holiday travel. With more time before the holiday , people tend to spread out their outbound travel over more days, but everyone returns at the same time, said Andrew Watterson, the chief operating officer of Southwest Airlines . “A late Thanksgiving leads to a big crush at the end,” Watterson said. “The Saturday, Sunday, Monday and Tuesday after Thanksgiving are usually very busy with Thanksgiving this late.” Airlines did a relatively good job of handling holiday crowds last year, when the weather was mild in most of the country. Fewer than 400 U.S. flights were canceled during Thanksgiving week in 2023 — about one out of every 450 flights. So far in 2024, airlines have canceled about 1.3% of all flights. Drivers should know that Tuesday and Wednesday afternoons will be the worst times to travel by car, but it should be smooth sailing on freeways come Thanksgiving Day, according to transportation analytics company INRIX. On the return home, the best travel times for motorists are before 1 p.m. on Sunday, and before 8 a.m. or after 7 p.m. on Monday, the company said. In metropolitan areas like Boston, Los Angeles, New York, Seattle and Washington, “traffic is expected to be more than double what it typically is on a normal day,” INRIX transportation analyst Bob Pishue said. Federal Aviation Administration Administrator Mike Whitaker said last week that he expects his agency to use special measures at some facilities to deal with an ongoing shortage of air traffic controllers. In the past, those facilities have included airports in New York City and Florida. “If we are short on staff, we will slow traffic as needed to keep the system safe,” Whitaker said. The FAA has long struggled with a shortage of controllers that airline officials expect will last for years, despite the agency’s lofty hiring goals. 5. Auto club and insurance company AAA predicts that nearly 80 million Americans will venture at least 50 miles from home between Tuesday and next Monday. Most of them will travel by car. 6. Drivers should get a slight break on gas prices . The nationwide average price for gasoline was $3.06 a gallon on Sunday, down from $3.27 at this time last year. 7. The Transportation Security Administration expects to screen 18.3 million people at U.S. airports during the same seven-day stretch. That would be 6% more than during the corresponding days last year but fit a pattern set throughout 2024. 8. The TSA predicts that 3 million people will pass through airport security checkpoints on Sunday; more than that could break the record of 3.01 million set on the Sunday after the July Fourth holiday. Tuesday and Wednesday are expected to be the next busiest air travel days of Thanksgiving week. ▶ Read more about Thanksgiving travel across the U.S. Workers who clean airplanes, remove trash and help with wheelchairs at Charlotte’s airport, one of the nation’s busiest, went on strike Monday to demand higher wages. The Service Employees International Union announced the strike in a statement early Monday, saying the workers would demand “an end to poverty wages and respect on the job during the holiday travel season.” The strike was expected to last 24 hours, said union spokesperson Sean Keady. Employees of ABM and Prospect Airport Services cast ballots Friday to authorize the work stoppage at Charlotte Douglas International Airport, a hub for American Airlines. The two companies contract with American, one of the world’s biggest carriers, to provide services such as cleaning airplane interiors, removing trash and escorting passengers in wheelchairs. ▶ Read more about the Charlotte airport workers’ strike Parts of the Midwest and East Coast can expect to see heavy rain into Thanksgiving, and there’s potential for snow in Northeastern states. A storm last week brought rain to New York and New Jersey, where wildfires have raged in recent weeks, and heavy snow to northeastern Pennsylvania. The precipitation was expected to help ease drought conditions after an exceptionally dry fall. Heavy snow fell in northeastern Pennsylvania, including the Pocono Mountains. Higher elevations reported up to 17 inches (43 centimeters), with lesser accumulations in valley cities including Scranton and Wilkes-Barre. Around 35,000 customers in 10 counties were still without power, down from 80,000 a day ago. In the Catskills region of New York, nearly 10,000 people remained without power Sunday morning, two days after a storm dumped heavy snow on parts of the region. Precipitation in West Virginia helped put a dent in the state’s worst drought in at least two decades and boosted ski resorts as they prepare to open in the weeks ahead. ▶ Read more about Thanksgiving week weather forecasts Two people died in the Pacific Northwest after a rapidly intensifying “ bomb cyclone ” hit the West Coast last Tuesday, bringing fierce winds that toppled trees and power lines and damaged homes and cars. Hundreds of thousands lost electricity in Washington state before powerful gusts and record rains moved into Northern California. Forecasters said the risk of flooding and mudslides remained as the region will get more rain starting Sunday. But the latest storm won’t be as intense as last week’s atmospheric river , a long plume of moisture that forms over an ocean and flows over land. “However, there’s still threats, smaller threats, and not as significant in terms of magnitude, that are still going to exist across the West Coast for the next two or three days,” weather service forecaster Rich Otto said. As the rain moves east throughout the week, Otto said, there’s a potential for heavy snowfall at higher elevations of the Sierra Nevada, as well as portions of Utah and Colorado. California’s Mammoth Mountain, which received 2 feet (0.6 meters) of fresh snow in the recent storm, could get another 4 feet (1.2 meters) before the newest system clears out Wednesday, the resort said. Another round of wintry weather could complicate travel leading up to the Thanksgiving holiday, according to forecasts across the U.S., while California and Washington state continue to recover from storm damage and power outages. In California, where two people were found dead in floodwaters on Saturday, authorities braced for more rain while grappling with flooding and small landslides from a previous storm . Here’s a look at some of the regional forecasts: 9. Sierra Nevada: The National Weather Service office issued a winter storm warning through Tuesday, with heavy snow expected at higher elevations and wind gusts potentially reaching 55 mph (88 kph). Total snowfall of roughly 4 feet (1.2 meters) was forecast, with the heaviest accumulations expected Monday and Tuesday. 10. Midwest and Great Lakes: The Midwest and Great Lakes regions will see rain and snow Monday and the East Coast will be the most impacted on Thanksgiving and Black Friday, forecasters said. 11. East Coast: A low pressure system is forecast to bring rain to the Southeast early Thursday before heading to the Northeast. Areas from Boston to New York could see rain and breezy conditions, with snowfall possible in parts of northern New Hampshire, northern Maine and the Adirondacks. If the system tracks further inland, there could be less snow and more rain in the mountains, forecasters said. ▶ Read more about Thanksgiving week weather forecastsGlobal Change Control Management Software Market Size, Share and Forecast By Key Players-Mastercontrol Inc., Sparta Systems, Inc., Siemens Ag, Dassault Systemes SeSecurities and Exchange Commission Chair Gary Gensler, who was aggressive in his oversight of cryptocurrencies and other financial markets, will step down from his post on Jan. 20. Gensler pushed changes that he said protected investors, but the industry and many Republicans bristled at what they saw as overreach. President-elect Donald Trump had promised during his campaign that he would remove Gensler. But Gensler on Thursday announced that he would be stepping down from his post on the day that Trump is inaugurated. Bitcoin has jumped 40% since Trump’s victory. It hit new highs Thursday and was nearing $100,000. Bitcoin moved notably higher still after Gensler's resignation was announced. Gensler's stance on the rise of cryptocurrencies was captured during a speech he gave during the first year of his chairmanship in 2021 where he described the market as “the Wild West.” “This asset class is rife with fraud, scams, and abuse in certain applications,” he said in a speech at the Aspen Security Forum. “There’s a great deal of hype and spin about how crypto assets work. In many cases, investors aren’t able to get rigorous, balanced, and complete information.” Under Gensler, the SEC brought actions against players in the crypto industry for fraud , wash trading and other violations, including as recently as last month when the commission brought fraud charges against three companies purporting to be market makers, along with nine individuals for trying to manipulate various crypto markets. Yet access to cryptocurrencies became more widespread under Gensler. In January, the SEC approved exchange-traded funds that track the spot price of bitcoin. With such ETFs, investors could get easier access to bitcoin without the huge overlays required to buy it directly. Gensler, however, acknowledged the SEC had denied earlier, similar applications for such ETFs, including Grayscale Bitcoin Trust, among the first to eventually be approved by the SEC. “Circumstances, however, have changed,” Gensler said, pointing to a ruling by the U.S. Court of Appeals for the District of Columbia that said the SEC failed to adequately explain its reasoning in rejecting Grayscale’s proposal. Even there, Gensler made sure not to endorse the merits of bitcoin. He pointed to how ETFs that hold precious metals are tracking prices of things that have “consumer and industrial users, while in contrast bitcoin is primarily a speculative, volatile asset that’s also used for illicit activity including ransomware, money laundering, sanction evasion, and terrorist financing.” Gensler was tested early in his tenure with the rise of the meme stock phenomenon that shocked the financial system in early 2021. Earlier this year, the SEC under Gensler pushed Wall Street to speed up how long it takes for trades of stocks to settle, one of the areas where the commission’s staff recommended changes following the reckoning created by GameStop , one of the first meme stocks. In the depths of the COVID-19 pandemic, hordes of smaller-pocketed and novice investors suddenly piled into the stock of the struggling video-game retailer. During the height of the frenzy, several brokerages barred customers from buying GameStop after the clearinghouse that settles their trades demanded more cash to cover the increased risk created by its highly volatile price. In May 2024, new rules meant broker-dealers have to fully settle their trades within one business day of the trade date, down from the previous two. Critics of the SEC under Gensler have called many of the agency's proposals overly burdensome. The investment industry, for example, is pushing against a proposal to force some advisers and companies disclose more about their environmental, social and governance practices, otherwise known as ESG. Critics say the proposal is overly complex and increases the risk of investor confusion, while imposing unnecessary burdens and costs on funds. On Thursday, Gensler stood by the SEC's track record under his direction. “The staff and the Commission are deeply mission-driven, focused on protecting investors, facilitating capital formation, and ensuring that the markets work for investors and issuers alike," Gensler said in prepared remarks. “The staff comprises true public servants." Gensler previously served as Chair of the U.S. Commodity Futures Trading Commission, leading the Obama Administration’s reform of the $400 trillion swaps market. He also was senior advisor to U.S. Senator Paul Sarbanes in writing the Sarbanes-Oxley Act (2002) and was undersecretary of the Treasury for Domestic Finance and assistant secretary of the Treasury from 1997-2001.
Restaurant Brands International Inc. stock rises Monday, outperforms marketEAST LANSING, Mich. — The sight was a common one for Andrew Kolpacki. For many a Sunday, he would watch NFL games on TV and see quarterbacks putting their hands on their helmets, desperately trying to hear the play call from the sideline or booth as tens of thousands of fans screamed at the tops of their lungs. When the NCAA's playing rules oversight committee this past spring approved the use of coach-to-player helmet communications in games for the 2024 season, Kolpacki, Michigan State's head football equipment manager, knew the Spartans' QBs and linebackers were going to have a problem. "There had to be some sort of solution," he said. As it turns out, there was. And it was right across the street. Kolpacki reached out to Tamara Reid Bush, a mechanical engineering professor who not only heads the school's Biomechanical Design Research Laboratory but also is a football season ticket-holder. Kolpacki "showed me some photos and said that other teams had just put duct tape inside the (earhole), and he asked me, 'Do you think we can do anything better than duct tape,?" Bush said. "And I said, 'Oh, absolutely.'" Bush and Rylie DuBois, a sophomore biosystems engineering major and undergraduate research assistant at the lab, set out to produce earhole inserts made from polylactic acid, a bio-based plastic, using a 3D printer. Part of the challenge was accounting for the earhole sizes and shapes that vary depending on helmet style. Once the season got underway with a Friday night home game against Florida Atlantic on Aug. 30, the helmets of starting quarterback Aidan Chiles and linebacker Jordan Turner were outfitted with the inserts, which helped mitigate crowd noise. DuBois attended the game, sitting in the student section. "I felt such a strong sense of accomplishment and pride," DuBois said. "And I told all my friends around me about how I designed what they were wearing on the field." All told, Bush and DuBois have produced around 180 sets of the inserts, a number that grew in part due to the variety of helmet designs and colors that are available to be worn by Spartan players any given Saturday. Plus, the engineering folks have been fine-tuning their design throughout the season. Dozens of Bowl Subdivision programs are doing something similar. In many cases, they're getting 3D-printed earhole covers from XO Armor Technologies, which provides on-site, on-demand 3D printing of athletic wearables. The Auburn, Alabama-based company has donated its version of the earhole covers to the equipment managers of programs ranging from Georgia and Clemson to Boise State and Arizona State in the hope the schools would consider doing business with XO Armor in the future, said Jeff Klosterman, vice president of business development. XO Armor first was approached by the Houston Texans at the end of last season about creating something to assist quarterback C.J. Stroud in better hearing play calls delivered to his helmet during road games. XO Armor worked on a solution and had completed one when it received another inquiry: Ohio State, which had heard Michigan State was moving forward with helmet inserts, wondered if XO Armor had anything in the works. "We kind of just did this as a one-off favor to the Texans and honestly didn't forecast it becoming our viral moment in college football," Klosterman said. "We've now got about 60 teams across college football and the NFL wearing our sound-deadening earhole covers every weekend." The rules state that only one player for each team is permitted to be in communication with coaches while on the field. For the Spartans, it's typically Chiles on offense and Turner on defense. Turner prefers to have an insert in both earholes, but Chiles has asked that the insert be used in only one on his helmet. Chiles "likes to be able to feel like he has some sort of outward exposure," Kolpacki said. Exposure is something the sophomore signal-caller from Long Beach, California, had in away games against Michigan and Oregon this season. Michigan Stadium welcomed 110,000-plus fans for the Oct. 26 matchup between the in-state rivals. And while just under 60,000 packed Autzen Stadium in Eugene, Oregon, for the Ducks' 31-10 win over Michigan State three weeks earlier, it was plenty loud. "The Big Ten has some pretty impressive venues," Kolpacki said. "It can be just deafening," he said. "That's what those fans are there for is to create havoc and make it difficult for coaches to get a play call off." Something that is a bit easier to handle thanks to Bush and her team. She called the inserts a "win-win-win" for everyone. "It's exciting for me to work with athletics and the football team," she said. "I think it's really exciting for our students as well to take what they've learned and develop and design something and see it being used and executed." Be the first to know Get local news delivered to your inbox!
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