Index number – 6 Toros 6 http://6toros6.com/ Sat, 25 Sep 2021 06:50:12 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://6toros6.com/wp-content/uploads/2021/05/cropped-icon-32x32.png Index number – 6 Toros 6 http://6toros6.com/ 32 32 News in brief https://6toros6.com/news-in-brief/ https://6toros6.com/news-in-brief/#respond Sat, 25 Sep 2021 06:50:12 +0000 https://6toros6.com/news-in-brief/

Flyers exceed one million so far at LR airport

More than one million passengers have passed through Bill and Hillary Clinton / Adams Field National Airport in Little Rock during the eight months of 2021, as air travel continues to recover from pandemic lows.

Until August, Clinton National had 1,082,412 passengers, a level it never reached in 2020, at the height of the coronavirus pandemic.

The 2021 total is 62.7% higher than the 641,321 passengers who passed through the airport during the same period last year.

And August’s total – 157,914 – is 99.19 percent higher than the 79,278 passengers Clinton National had in the same month in 2020.

The numbers remain well below pre-pandemic levels.

In 2019, Clinton National had its 1 millionth passenger two months earlier, in June. And the August 2019 total was 191,559, up 21.3 percent from last month’s total.

Northwest Arkansas National Airport at Highfill also continues to see passenger numbers increase. The 705,322 passengers who transited in the first eight months of 2021 were 41.8% higher than the same period last year. And last month’s total – 113,539 – was 122.14% higher than the same month in 2020.

– Christmas Oman

United fined $ 1.9 million for long stays on tarmac

WASHINGTON – United Airlines has been fined $ 1.9 million for 25 flights in which the plane was on the ground for several hours, the largest fine imposed by the government for such long delays.

The Department of Transportation said on Friday that the incidents occurred between December 2015 and February this year. More than 3,200 passengers were trapped in planes without being able to disembark, the department said.

In a consent order, United said most of the delays involved hijackings caused by extreme weather conditions, when the airline is focused on ensuring planes land safely. The airline said these were a small number of the nearly 8 million operated by United and its United Express subsidiaries during the five-year period of the violations.

United was ordered to pay $ 950,000. The airline received a credit of $ 750,000 for compensation for passengers on delayed flights and $ 200,000 for the cost of developing a tool to improve the management of hijacked flights.

Federal rules require airlines to give passengers the option of returning to the terminal if a plane on a domestic flight stays on the ground for three hours – four hours for international flights. Exceptions include safety, security or air traffic control issues.

– The Associated Press

The index rises by 2.94, closes the day at 691.52

The Arkansas Index, a price-weighted index that tracks the state’s largest public companies, closed Friday at 691.52, up 2.94.

The index was developed by Bloomberg News and the Democrat-Gazette with a base value of 100 as of December 30, 1997.

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Wall Street Heads For Weekly Gain As Bond Yields Rise https://6toros6.com/wall-street-heads-for-weekly-gain-as-bond-yields-rise/ https://6toros6.com/wall-street-heads-for-weekly-gain-as-bond-yields-rise/#respond Fri, 24 Sep 2021 19:27:17 +0000 https://6toros6.com/wall-street-heads-for-weekly-gain-as-bond-yields-rise/

Newsletter: Not covered

Stocks on Wall Street faltered and public debt sold off as investors closely watched the ongoing Evergrande crisis and digest hawkish signals from several major central banks.

The US S&P 500 Index was pretty much unchanged over Friday afternoon in New York, heading for a weekly gain of 0.4%.

The stocks had largely recovered from a large sell-off on Monday, which shook market confidence. Investors withdrew $ 24.2 billion from global equity funds in the seven days ending Wednesday, the first weekly outflow of this year, according to data from EPFR Global.

U.S. equity funds posted a weekly outflow of $ 28.6 billion over the same period, the highest levels seen since February 2018.

The yield on the 10-year U.S. Treasury bill, a key benchmark for global borrowing costs, rose 0.03 percentage points to 1.46% after the Federal Reserve reported earlier this week that a A growing number of its policymakers were expecting a rate hike in 2022.

The Fed’s message was followed by Norges Bank of Norway becoming the first major Western central bank to hike rates on Thursday and the Bank of England revealing that the deal had “strengthened” for a “modest tightening of the currency. monetary policy ”over the next few years.

“It feels like a swallow doesn’t have a summer, but you see two and investors start to think summer is here,” said James Athey, bond portfolio manager at Abrdn. “We had a decidedly hawkish Fed. . . people therefore have the impression that central banks are moving towards a stricter policy. “

In response to the change in stance by policymakers, the UK 10-year gilt yield jumped more than 0.1pp on Thursday and another 0.01pp on Friday. The yield on the equivalent German Bund rose 0.03pp to minus 0.23%.

The massive sell-offs were driven in part by lingering fears of higher inflation, which is eroding real yields on fixed income securities such as sovereign debt.

On Thursday, the BoE kept interest rates at a record 0.1%, but warned that UK consumer price inflation could rise slightly above 4% in the last quarter of the year. Analysts are now predicting a further rise in consumer prices due in part to soaring natural gas prices.

“We are in the camp which [high inflation] is not a permanent problem, ”said Jorge Garayo, head of inflation strategy at Société Générale. But “we’re going to have a lot of uncertainty and volatility in the inflation numbers for the months to come.”

Global stocks were mixed on Friday as the long-awaited bond payment deadline for Chinese property developer Evergrande was passed, sending signs of strain to the Chinese real estate sector, fears the company’s growing liquidity crunch could end. result in contagion to other sectors and countries.

Evergrande, the world’s most indebted real estate developer, was due to make an $ 84 million interest payment on an offshore bond on Thursday, but investors told the Financial Times that no payment has yet been received. Evergrande has a grace period of 30 days before a default on payment results in a default on payment.

The European benchmark Stoxx 600 closed down 0.9% and London’s FTSE 100 fell 0.4%. In Asia, Hong Kong’s Hang Seng Index closed 1.3 percent lower, bringing its drop for the week to nearly 3 percent.

Beijing hit investor sentiment further on Friday, aiming to crack down on cryptocurrencies by declaring all digital coin activity “illegal.” The price of bitcoin fell 6% in response, as did the shares of dozens of US-listed companies linked to digital finance such as Riot Blockchain and Marathon Digital.

The dollar index, which measures the greenback against six currencies, rose 0.3 percent.

Not covered – Markets, finance and strong opinion

Robert Armstrong dissects the most important market trends and explains how the best minds on Wall Street are reacting to them. Register now here to receive the newsletter directly in your inbox every day of the week

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Indian morning briefing: Asian markets mostly up as focus on China Evergrande https://6toros6.com/indian-morning-briefing-asian-markets-mostly-up-as-focus-on-china-evergrande/ https://6toros6.com/indian-morning-briefing-asian-markets-mostly-up-as-focus-on-china-evergrande/#respond Fri, 24 Sep 2021 03:15:00 +0000 https://6toros6.com/indian-morning-briefing-asian-markets-mostly-up-as-focus-on-china-evergrande/
GLOBAL MARKETS 
DJIA         34764.82   506.50   1.48% 
Nasdaq       15052.24   155.40   1.04% 
S&P 500       4448.98    53.34   1.21% 
FTSE 100      7078.35    -5.02  -0.07% 
Nikkei Stock 30169.83   530.43   1.79% 
Hang Seng    24522.65    11.67   0.05% 
Kospi         3125.40    -2.18  -0.07% 
SGX Nifty*   17845.00    16      0.09% 
*Sept contract 
 
USD/JPY 110.36-37   +0.03% 
Range   110.42   110.25 
EUR/USD 1.1738-41   +0.01% 
Range   1.1749   1.1736 
 
CBOT Wheat Dec $7.176 per bushel 
Spot Gold     $1,748.99/oz  0.3% 
Nymex Crude (NY) $73.19    $0.96 
 
 
U.S. STOCKS 

The Dow Jones Industrial Average came out of its September slump with its biggest two-day rally in more than six months, supported by growing investor confidence that the economy can withstand the end of pandemic stimulus and unrest in the Chinese real estate markets.

The blue chip index added 506.50 points, or 1.5%, to 34,764.82 in its biggest one-day rise since July. The S&P 500 gained 53.34 points, or 1.2%, to close at 4,448.98, while the Nasdaq Composite Index added 155.40, or 1%, at 15,052.24 points. All three indices are now higher over the week.

 
 
ASIAN STOCKS 

Japanese stocks were broadly higher, driven by particularly strong gains among shippers and steelmakers, as concerns eased somewhat over the Chinese real estate sector. Investors focused on any development regarding China Evergrande Group as well as the election of a leader of the ruling party in Japan. The Nikkei Stock Average rose 1.9% to 30,190.92.

South Korea’s benchmark Kospi followed Wall Street higher at the start of trading, supported by the rebound in steelmakers. The index gained 0.2% to 3,132.59. Shipbuilding company Hyundai Heavy Industries Co., which had a strong business start last week, continued to weaken after Thursday’s 11% drop. The stock was down 0.8% for the last time. The Samsung Electronics heavyweight index slipped 0.3%.

Hong Kong stocks rose at the start of Asian trading as investors seemed to ignore the risk of Evergrande, according to IG. The benchmark Hang Seng index was 0.2% higher at 24,556.71 while the Hang Seng Tech index was stable at 6,300.47. Contagion risks were still present, but the recent injection of liquidity by China and local governments preparing for a potential drop in Evergrande seems to indicate the authorities’ intention to mitigate economic risks, IG said. This helps calm investor sentiment, he said. China Evergrande was down 4.9%.

Chinese stocks are mixed at the start of trading, as losses at coal miners and commodity companies outweigh gains at some liquor makers. The recent rally by coal companies falters as authorities step up efforts to stabilize prices, with Yanzhou Coal falling 6.0% and China Shenhua Energy 4.3%. Baoshan Iron & Steel loses 1.9% and CITIC Pacific Special Steel loses 2.4%. Among the winners, index heavyweight Kweichow Moutai added 1.8% and Wuliangye Yibin gained 1.3%. The Shanghai Composite Index fell 0.2% to 3635.85 and the Shenzhen Composite Index weakened 0.4%, although the ChiNext price index was 0.5% higher.

FOREX 

The ringgit could strengthen further as the US dollar retreated amid a resumption of risk appetite after the recent FOMC meeting, AmBank Research said. The unexpected jump in the number of new jobless claims in the United States last week further contributed to the greenback’s bearish movement. AmBank expected the ringgit to trade between 4.1624 and 4.1702 against the US dollar on Friday, with resistance stuck at 4.1873 and 4.1957. USD / MYR was little changed at 4.1805.

METALS 

Gold was higher at the start of Asian trading, with investors ignoring signals that the U.S. Federal Reserve would start to scale back its asset-buying activity and possibly raise interest rates, Oanda said. “It’s pretty impressive how relaxed investors are in the face of the situation,” Oanda said. Even so, the Fed’s intention to wane should weigh on the precious metal, with Oanda expecting the precious metal to test the $ 1,740 / oz level soon. Spot gold was up 0.3% to $ 1,748.99 / oz.

OIL SUMMARY 

Oil was higher during the Asian session. Demand for crude remains lukewarm, weighed down by the slowdown in air travel, Marex said. “Demand from the airline industry has slowed in recent months” and remains well below pre-pandemic levels, the broker said. However, prices could be supported by signs of increased oil consumption from crude importer Japan. The country’s crude inventory levels recorded a net drop of 882,390 kiloliters for the week of Sept. 12-18, compared to the previous week, according to data from the Petroleum Association of Japan. First month Brent rose 0.5% to $ 77.64 / bbl and first month WTI gained 0.4% to $ 73.59 / bbl.

 
 
TOP HEADLINES 
 
China Makes Preparations for Evergrande's Demise 
China Fortune Land Suspends Trading of Shares Over Tight Liquidity 
Pelosi Says Government Funding Won't Lapse 
Democratic Leaders Scramble to Find Areas of Agreement on $3.5 Trillion Spending Bill 
U.K. Consumer Confidence Wanes in September on Inflation Fears 
U.S. and European Economies Slowed by Delta Variant, Supply Chain Bottlenecks 
Turkish Lira Falls Near Record Lows After Rate Cut 
Barry Diller's IAC in Talks to Buy Magazine Publisher Meredith 
Nike's Revenue Pinched by Supply-Chain Disruptions 
Costco Sales Rose 17% in Latest Quarter 
CDC Panel Recommends Pfizer Covid-19 Boosters for Seniors, Certain Adults With Underlying Medical Conditions 
Norges Bank Lifts Key Rate, Sees a Further Raise in December 
Federal Regulator Calls for Tougher Power Plant Standards Following Texas Freeze 
Alaska Becomes Latest State to Implement Crisis Care Protocols as Hospital Beds Dwindle 
Migrant Candidates Face Racism in German Election 
Supply-Chain Crunch, Chip Shortage Focus of White House Meeting 
 
 

(END) Dow Jones Newswires

September 23, 2021 11:15 p.m. ET (3:15 a.m. GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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Elizabeth Holmes trial: former defense secretary James Mattis testifies https://6toros6.com/elizabeth-holmes-trial-former-defense-secretary-james-mattis-testifies/ https://6toros6.com/elizabeth-holmes-trial-former-defense-secretary-james-mattis-testifies/#respond Thu, 23 Sep 2021 14:20:00 +0000 https://6toros6.com/elizabeth-holmes-trial-former-defense-secretary-james-mattis-testifies/ Mattis, in a San Jose federal courtroom for nearly four hours, described believing so much in the company’s mission promise to test a range of conditions with just a few drops of blood that he invested 85 $ 000 in the startup. But he said that at one point, after careful consideration of the company’s testing capabilities, “I was at a loss what to believe about Theranos.”

“I did not see why we were surprised by such fundamental issues,” Mattis said during questioning of federal prosecutor John Bostic.

Holmes, who founded Theranos in 2003 at the age of 19 with the goal of revolutionizing blood testing, surrounded herself with a remarkable roster of prominent men during her tenure as CEO, including media mogul Rupert Murdoch, who is said to have been the company’s biggest investor; David Boies, the eminent lawyer who was an investor, board member and legal advocate for Holmes and Theranos for a time; as well as former Secretary of State Henry Kissinger. All have been listed as witnesses for the government to call.

Mattis, who served on the board of the blood testing startup from 2013 to 2016, is the first of his well-known associates and the seventh overall witness to testify. Mattis, during cross-examination, said he personally assisted Holmes with security by recommending his former chief bodyguard in response to security concerns over his growing public profile raised by another powerful Holmes ally, former Secretary of State George Shultz.

In his early interactions with Holmes, Mattis sometimes referred to her as “young Elizabeth,” according to displayed emails in the courtroom. In his testimony, he said that she struck him as “sharp, articulate, engaged”. He admitted he was impressed with her but “it didn’t take the place of proving himself on the device.”

Mattis testified that he was primarily interested in the device for military use because he believed that one relatively small device could perform all of the tests the company claimed to be able to do. “It wouldn’t have interested me if it wasn’t,” he said. Mattis also said he joined the board because he found Holmes’ mission “breathtaking” and “a very laudable project” if he reduced the cost of health care.

During Mattis’ cross-examination, Holmes was still sitting in the courtroom with a blue mask covering her face, frequently blinking.

Mattis’ testimony comes as the government continues to build its case against Holmes in an attempt to convince jurors that she intended to mislead investors, patients and doctors about her company’s capabilities and its proprietary blood testing technology in order to take their money.

Holmes faces a dozen federal fraud and conspiracy charges, and up to 20 years in prison. She pleaded not guilty.

The defense, for its part, argued that Holmes was an ambitious young CEO whose company failed, but that failure is not a crime.

Once hailed as the next Steve Jobs, Holmes catapulted his startup to a $ 9 billion valuation on the promise that his technology could effectively test conditions like cancer and diabetes with just a few drops of blood taken from a finger prick. . Lending the star power to his company was a board of directors filled with military and intelligence professionals.

Holmes has secured key business partners such as Walgreens and Safeway, and has been hailed on magazine covers as the richest self-taught woman. Then things fell apart after a Wall Street Journal investigation into Theranos’ technology and testing methods attracted further scrutiny.

Put your reputation on the line

Mattis, a four-star general, first met Holmes in 2011 at a Marine Memorial event before retiring from the Marine Corps in 2013. At a later event where Mattis was giving a speech in San Francisco, Holmes pricked his finger backstage. “I believe that’s when I first saw the machine, a box-like device sitting on a bench right there, and [she] explained the speed and what it could do, ”he testified. He finally threw his weight behind the startup’s attempt to use its technology on the battlefield.

During cross-examination by Holmes’ defense attorney Kevin Downey on his knowledge that Theranos technology could only perform a limited number of tests when he joined the board, Mattis said that he thought it was more advanced. He said he believed he could be deployed in the field and perform “more than a handful of tests.” He noted that otherwise it “would have been unnecessary for us.”

During a subsequent redirect questioning by Bostic, Mattis stressed his desire to have the Theranos devices field tested as part of a side-by-side comparison project to see if they worked before joining the board of company administration.

“What I wanted to do was before I put my reputation on the line… I wanted to know it was working,” Mattis said. “I needed the data, and the best way to do that is to put [the technology] alongside what we were doing, that it would maintain itself and deliver faster and more accurate results. ”

Mattis said this did not happen until he retired from the military and then joined Theranos ‘board of directors at Holmes’ invitation. He said he asked Holmes why he was chosen for the board. “I was not a doctor.” He said he was told he could help with “how to build elite teams, how to get people engaged.”

Mattis testified that he felt that Theranos had 2,000 tests available, which he believed to be tests performed on Theranos proprietary blood analyzers, but he later learned that the company largely used machines. other companies.

Slides of an 89-page PowerPoint presentation from a board meeting – Mattis’ first as a board member – were shown in the courtroom. One slide, titled “Validation of Theranos,” claimed that its lab infrastructure had been validated against guidelines from the FDA and the World Health Organization, for example, and included a quote from John Hopkins Medicine that its technology “is new and strong”.

“So it wasn’t just Elizabeth talking about it. It was third parties, respected third parties,” he said, later noting that he took Holmes’ claims of effectiveness at face value. of technology.

“We were in the room with her, but I took in good faith that what we were being told was correct, and I assumed that when we say these are the results of Theranos, it was from the Theranos machine. “, did he declare. “Looking back, that probably wasn’t correct.”

According to the indictment, Holmes and COO Ramesh “Sunny” Balwani, who is on separate trial on the same counts and who has also pleaded not guilty, allegedly told the investors that Theranos had a profitable and income-generating business relationship with the United States. United States Department of Defense and that its technology had been deployed on the battlefield. “In truth, Theranos had limited income from military contracts and his technology was not deployed on the battlefield,” the indictment said.

Mattis resigned from Theranos’ board of directors in 2016, before joining the cabinet of former President Donald Trump. “Secretary Mattis was struck by the promise of technology and was looking for a technological solution to save lives on the battlefield,” Pentagon spokesman Dave Eastburn said. CNN Affairs in 2018. “He resigned his position on the board of directors of Theranos on December 16 before his confirmation.”
The trial, which began two weeks ago with opening statements, is expected to resume on Friday.
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Brazilian Bolsonaro defends Covid and climate management at the UN https://6toros6.com/brazilian-bolsonaro-defends-covid-and-climate-management-at-the-un/ https://6toros6.com/brazilian-bolsonaro-defends-covid-and-climate-management-at-the-un/#respond Tue, 21 Sep 2021 18:57:00 +0000 https://6toros6.com/brazilian-bolsonaro-defends-covid-and-climate-management-at-the-un/ The Brazilian president’s speech was delivered calm, if not monotonous at times, opening with a numbing sales pitch from his country to investors who have touted developments in sanitation and transportation services. He presented “a new Brazil whose credibility has been found in the world” – a country very different from the country devastated by the coronavirus under his watch and lashed by the fires in the Amazon, where Bolsonaro pushed for development.

The conservative populist leader stuck to established provocations on social and pandemic issues, repeatedly hinting at the importance of “the traditional nuclear family” and criticizing the pandemic lockdown measures. Doctors should be free to prescribe the use of “off-label” drugs against Covid-19, added the president, who has long championed the unproven antimalarial drug hydroxychloroquine as a treatment.
Brazil has traditionally taken first place in the list of speeches by member states of the week-long General Assembly, and Bolsonaro, who is running for re-election next year, had already set his appearance pugnaciously, flouting publicly the UN “honor system” which calls for foreign delegations to be vaccinated before entering the building. Bolsonaro said last week that he would not get the vaccine because he already had Covid-19.

“Why are you taking a vaccine? To have antibodies, right? My antibody level is really high. I can show you the document,” he said on a live broadcast. on social networks. He added that he will only make the decision to get vaccinated “after everyone in Brazil has received the vaccine” – a dissonant voice as the General Assembly pushes this year to increase vaccination worldwide. and coaxing the richest countries to share more doses with the poorest. those.

But while the Brazilian president has tended to use appearances at the UN to dismiss foreign authority – showing a similar allergy to being told what to do when it comes to another global crisis: global warming – he seemed to avoid any direct confrontation on that front.

In 2020, on the UNGA podium, as flames raged in the Amazon, he told the writhing world to back off, saying foreign agents were exaggerating wildfires in “the country’s disinformation campaign. more brutal “. He has long painted the environmental concerns expressed by foreign governments, local indigenous groups and organizations as a prelude to an imaginary alien invasion of the Amazon.

This year, a calmer Bolsonaro acknowledged “environmental challenges” but boasted that the Amazon region experienced a 32% drop in deforestation in August compared to the previous year, citing figures from the Institute. Brazilian National Space Research Report indicating 918 square kilometers of deforestation. The number, however, is still nearly double what was recorded in August 2018, before the Bolsonaro administration.

In contrast, data from the Amazon Institute of Man and Environment (Imazon) – which monitors deforested areas by satellite – suggest 1,606 square kilometers of deforestation in August, an increase of 7% compared to the same month last year. It is also the highest rate for August in a decade, according to satellite images from Imazon.
The president also called on other countries to do their part by honoring their climate finance commitments “to substantial amounts”. His own government has already received significant foreign aid from other countries to help stop deforestation – a tactic some conservationists in Brazil criticize, stressing that not all money allocated to environmental work in Brazil is spent in the first place.
Bolsonaro, never a fan of pandemic restrictions, acknowledged this in Tuesday’s speech to world leaders, saying that if he regrets “all the deaths that have taken place in Brazil and around the world”, the unemployment toll must be weighed against that of the coronavirus. Over the past year, he had frequently lashed out against municipal and state foreclosure orders in Brazil, even during the darkest times of the pandemic, when hospitals were filling to capacity and entire cities were running out. oxygen. More than half a million Brazilians have died in the pandemic – the highest death toll in the world after the United States.

A more moderate tone was expected from Bolsonaro this year, said Brian Winter, editor of Americas Quarterly and vice president of policy at the Americas Society / Council of the Americas. On the one hand, the mood in the assembly was simply different, with fewer right-wing populist leaders joining Bolsonaro in giving the middle finger to international interlocutors.

“Bolsonaro is more isolated than ever,” Winter told CNN. “Trump on the left, Netanyahu is gone. The main country that really aligns with his brand of right-wing conservatism is Victor Orban’s Hungary,” he said. (Bolsonaro, however, had scheduled a meeting with conservative and anti-LGBTQ Polish President Andrzej Duda before he took the stage on Tuesday.)

This year, too, the challenges of climate change have never been clearer, with catastrophic fires and floods around the world. Brazil’s vast forest functions as an “air conditioner” for the world, influencing global temperature and precipitation patterns and absorbing carbon dioxide, and Winters says Bolsonaro had already previewed a new “constructive” tone on coordinating the climate protection at a summit convened by US President Joe Biden this spring, when Bolsonaro presented a plan to eliminate illegal deforestation by 2030 and neutralize greenhouse gas emissions by 2050.

In a meeting on Monday with British Prime Minister Boris Johnson, Bolsonaro displayed the same stubbornness in a gentle manner that he then displayed on the podium. The two leaders discussed the climate and Covid-19, and Bolsonaro “affirmed Brazil’s commitment to sustainable development,” read a statement from the Brazilian Foreign Ministry after the meeting.

But when it came to getting vaccinated at the behest of the United Nations, he was more still than ever.

During footage from the meeting at UN Headquarters, Johnson could be heard telling Bolsonaro, “AstraZeneca, this is a great vaccine. Get the AstraZeneca vaccine. I’ve had it twice.” Bolsonaro burst out laughing. “No, not yet,” he said.

Reporting provided by Rodrigo Pedroso of CNN in Sao Paulo.

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Canadian election 2021: Justin Trudeau claims victory but fails in his attempt to form a majority government https://6toros6.com/canadian-election-2021-justin-trudeau-claims-victory-but-fails-in-his-attempt-to-form-a-majority-government/ https://6toros6.com/canadian-election-2021-justin-trudeau-claims-victory-but-fails-in-his-attempt-to-form-a-majority-government/#respond Tue, 21 Sep 2021 06:49:00 +0000 https://6toros6.com/canadian-election-2021-justin-trudeau-claims-victory-but-fails-in-his-attempt-to-form-a-majority-government/ Trudeau, however, fell short of his goal of winning the 170 seats needed to form a majority government.

At 2 a.m. ET, Elections Canada showed the Liberals had won 157 seats over the Conservatives’ 122 seats, with nearly 95% of the polls across the country.

The remaining seats in the next legislature will be held by the New Democratic Left Party and the Bloc Québécois, a separatist party based in Quebec.

“You send us back to work with a clear mandate to help Canada through this pandemic and into the better days to come. My friends, this is exactly what we are prepared to do, ”Trudeau told fans in Montreal early Tuesday.

“What we saw tonight is that millions of Canadians have chosen a progressive plan. Some have spoken of division, but that’s not what I see. It’s not what I have seen in recent weeks across the country. “

Trudeau called an early election in mid-August, just two years after starting his minority government, betting he could capitalize on his handling of the pandemic to win a majority.

But polls once favorable to Trudeau and his Liberals quickly changed course, with the O’Toole of the Conservative Party push its way into statistical equality, according to national tracking surveys over the past few days.

Covid-19, climate change, housing affordability and gun control have all figured as major issues with voters – but a headache for Trudeau is that few Canadians saw the need for this election . A political expert told CNN that holding a snap election in the summer during a global pandemic angered many voters who couldn’t identify a compelling “ballot box” issue to justify the business.

O’Toole had sought to capitalize on the perception that Trudeau, the son of a former Canadian prime minister, is a classic liberal political elitist who is more interested in his own political ambition than in running the country.

Speaking to supporters Tuesday morning, O’Toole called the snap elections a “quick takeover.”

“Five weeks ago Mr. Trudeau called for a majority, he said the minority parliament was ‘impractical’. But tonight, Canadians failed to give Mr. Trudeau the majority mandate he wanted.” , O’Toole said. “In fact, Canadians sent him back along with another minority at the cost of C $ 600 million and deeper divisions in our great country.

Liberal Party Leader Justin Trudeau speaks to supporters during a September 19 campaign stop in Maple, Canada.

During the campaign, O’Toole attacked Trudeau in a way unusual in Canadian politics.

“Every Canadian has met a Justin Trudeau in their life – privileged, empowered and always looking for number one. He was looking for number one when he sparked that costly and unnecessary election in the midst of a pandemic. not leadership, it’s self-interest. And it’s Justin Trudeau from start to finish, “O’Toole said at a recent campaign event.

Trudeau responded in an equally robust manner, saying, “I’m going to let him and his proxies and the anti-vaxxer movement and the gun lobby and the anti-choice mob continue to attack me, fine. I will stay focused on Canadians.

Even though the candidates have tried to engage meaningfully on issues, a wave of polarization among voters – one that seems to reflect the American experience – is emerging, particularly on cultural or self-esteem issues. – saying “stuck” like abortion rights, gun control and climate change.

Conservative Party Leader Erin O'Toole delivers a speech during a September 14 campaign shutdown in Russell, Ont.

The pandemic in particular has sparked fury among a small but fierce minority who oppose certain Covid-19 protocols, particularly the warrants for vaccines and masks. Earlier this month, a protester threw gravel at Trudeau during a campaign event in Ontario, after the Canadian leader was harassed by protesters angry at his pandemic policies.

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Gabby Petito update: FBI raids fiance Brian Laundrie’s family home after his probable remains are found https://6toros6.com/gabby-petito-update-fbi-raids-fiance-brian-laundries-family-home-after-his-probable-remains-are-found/ https://6toros6.com/gabby-petito-update-fbi-raids-fiance-brian-laundries-family-home-after-his-probable-remains-are-found/#respond Mon, 20 Sep 2021 20:07:00 +0000 https://6toros6.com/gabby-petito-update-fbi-raids-fiance-brian-laundries-family-home-after-his-probable-remains-are-found/ On Monday morning, FBI investigators raided Laundrie’s parents’ home in North Port as part of a “court-authorized search warrant” related to the Petito case. Her parents were escorted out of the house before the search and then brought back inside for questioning, police said.

Officers removed a number of items from the house and a Ford Mustang convertible was also towed away.

Meanwhile, investigators are still looking for Laundrie, who returned to the Florida home without Petito earlier this month, refused to speak to investigators and then disappeared last week. The search for him had centered on a nearby nature reserve, but investigators shifted focus after “exhausting all possibilities to search the grounds there,” North Police spokesman said Monday. Port, Josh Taylor.

On Sunday, human remains that authorities believe belonged to Petito were found in an undeveloped camping area in Bridger-Teton National Forest, Wyoming, on the eastern edge of Grand Teton National Park. An autopsy is scheduled for Tuesday to confirm identity.

Petito, 22, and Laundrie, 23, had traveled in a white van through the American West this summer, while regularly posting photos and stories on their social media pages with the hashtag #vanlife.

However, these messages abruptly stopped at the end of August. Laundrie returned home in North Port, Florida with his van but without Petito on September 1, police said. Petito’s family, unable to contact her, reported her missing on September 11.

In the days that followed, her story has become a national obsession for many, prompting digital detectives to scour the couple’s online trail in an attempt to resolve the case. History has also highlighted the tens of thousands of missing person stories that do not generate such intense interest; there were nearly 90,000 active missing persons cases at the end of 2020, according to the National Crime Clearinghouse.

A full forensic examination of the remains will be required to confirm identity, said Charles Jones, a senior resident agent for FBI Denver in Wyoming. Authorities must also identify the cause of death, he said.

Despite this, Petito’s family was made aware of the discovery. His father, Joseph Petito, tweeted a photo of her Sunday night, saying, “She touched the world. Richard Stafford, a lawyer representing Joseph Petito and his mother, Nicole Schmidt, released a statement obtained by WABC, subsidiary of CNN ask for the family to have space.

Laundrie family attorney Steven Bertolino called the news “heartbreaking”, adding: “The Laundrie family are praying for Gabby and her family.”

Laundrie’s sister also released a statement to ABC News praising Petito for his relationship with Laundrie’s nephews.

“Gabby was a fun and loving influence on ‘the boys’ as she always called them. We will treasure the time we spent with her,” Cassie Laundrie said in the statement.

Laundry research

Gabby Petito and Brian Laundrie had traveled to the American West by van this summer.

The Laundromat, meanwhile, avoided authorities after returning to Florida and is now gone.

Police attended the Laundrie family’s home after Petito went missing, but Laundrie’s family refused to speak and instead gave authorities the information from their lawyer, police said last week.

Their home was raided on Friday evening after Laundrie’s family told police they had not seen him for days. He left his home with his backpack on Tuesday and told them he was on his way to a local nature reserve, police spokesman Taylor said on Saturday.
Search for Gabby Petito's fiancé Brian Laundrie focuses on Florida nature reserve
Over the weekend, federal and local officials searched for laundry facilities on the Carlton Preserve in Sarasota County, police said. The search was suspended Sunday evening and there was “nothing to report,” North Port police said. on Twitter.

The search effort included the use of drones and sleuths that used laundry clothes taken from his home to get his scent, Taylor said at a press conference at the search scene on Saturday. Police initially focused their search on a nearby park that spans about 200 acres before expanding to the rest of the reserve.

The laundry is not wanted for a crime, officials said. Still, CNN legal analyst and criminal defense attorney Joey Jackson said that may soon change as the investigation continues.

“One thing is for sure: they are focused on him, looking for him, and when they find him, I expect him to be before a judge quickly,” he said.

Petito and Laundrie were on a trip to the national parks

A photo of Gabby Petito and Brian Laundrie's van was released by North Port Police.
Petito was believed to have been in Grand Teton National Park in Wyoming when her family last came in contact with her, North Port police said.

The two began their road trip in June with a plan to visit national parks in the western states of the United States, North Port Police Chief Todd Garrison said last week. She was excited to share her trip with her family and others on social media, he said.

“She maintained regular contact with members of her family while on the move, but this communication abruptly ceased towards the end of August,” added the police chief.

Police met the couple in Moab, Utah, on August 12, where officers described them as having “engaged in some sort of altercation.”

FBI offers $ 10,000 reward for information on missing Native American woman

Although the two are described as physically fighting over an argument, “the man and woman said they were in love and engaged to be married and were desperate to see anyone charged with a crime.” reports an officer. Eric Pratt said.

At the suggestion of the police, the couple separated for the night, according to the report, which describes Petito as “confused and emotional.”

“Having assessed all of the circumstances, I don’t think the situation escalated to the level of a domestic assault as much as a mental health crisis,” Officer Daniel Robbins wrote in the police report. . No charges have been laid.

On August 24, Petito FaceTimed with his mother and told her she was leaving Utah and heading to the Teton Range in Wyoming, said Stafford, the family’s attorney. Over the next three days, Petito and his mother texted each other, he said. They received a final message on Aug. 30 that read, “No service in Yosemite,” but her family doubt she wrote it, Stafford said.

Another potential clue came on Sunday when two vloggers posted a video on YouTube of what they believed to be Petito and Laundrie’s van near the Wyoming camping area.

Kyle and Jenn Bethune said the video was taken on their GoPro on August 27 in the Bridger-Teton National Forest camping area between 6 p.m. and 6:30 p.m. The Bethunes, originally from Florida, were looking for a place to stay. camping and thought it was “neat” to see a vehicle with Florida license plates in Wyoming.

In the video, Jenn Bethune said they were thinking of stopping to say hello, but the van “was completely dark. There was no one there.”

“The van looked like it was pretty much abandoned,” Kyle Bethune added in the video’s narration. “We thought maybe they were hiking or just relaxing inside. There were no doors open.”

CNN’s Travis Caldwell, Chris Cuomo, Aya Elamroussi, Rob Frehse, Deanna Hackney, Jennifer Henderson, Laura James, MiSeon Lee, Gregory Lemos, Christina Maxouris, Artemis Moshtaghian, Shawn Nottingham, Andy Rose, Leyla Santiago, Jenn Selva, Alta Spells and Joe Sutton contributed to this report.


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FTSE 100 live: miners center stage as Morrisons buyout target returns to London’s top flight https://6toros6.com/ftse-100-live-miners-center-stage-as-morrisons-buyout-target-returns-to-londons-top-flight/ https://6toros6.com/ftse-100-live-miners-center-stage-as-morrisons-buyout-target-returns-to-londons-top-flight/#respond Mon, 20 Sep 2021 08:39:39 +0000 https://6toros6.com/ftse-100-live-miners-center-stage-as-morrisons-buyout-target-returns-to-londons-top-flight/

FTSE 100 upside down as Chinese fears grow

Heavyweight miners were at the forefront of another market sell off today after investors had more reason to worry about the strength of the Chinese economy.

Anglo American fell 8% on Friday and 6% today, the continued decline in iron ore prices since the May peak accompanied by further evidence of a slowdown in the Chinese real estate sector after shares in the Evergrande developer in Hong Kong.

The risk-free session left the FTSE 100 index lower by more than 1%, down 94.86 points to 6,868.78, after falling below 7,000 for the first time since July on Friday.

The impact of rising prices added to market nervousness, especially with policymakers at the Bank of England and US Federal Reserve meeting later this week.

Hargreaves Lansdown analyst Susannah Streeter said: “With the recovery stuttering, as prices rise, there are fears that stagflation lethargy is emerging on an unstable economic base.”

Along with declines of 4% and more for miners, including Rio Tinto and Glencore, Asian-focused stocks dominated the slaughter board in London. Standard Chartered fell from 16.9p to 425.1p and luxury goods company Burberry was 55.5p cheaper at 1,742.5p.

The fall in market sentiment was particularly bad for Prudential after unveiling the latest step in its restructuring with a plan to raise around £ 2 billion from Hong Kong investors as it focuses on growth at long term in Asia and Africa.

Stocks fell more than 6% or 95.5p to 1350p.

British Airways owner IAG went the other way after chief executive Luis Gallego told the Sunday Times that his company was not expected to follow the lead of the 1 rights issue. , £ 2 billion from easyJet. Amid investor relief, stocks rose 3.7 pence to 153.22 pence.

AstraZeneca was also 2% higher after reporting positive results for possible treatment for breast cancer.

The UK-focused FTSE 250 index was not immune to massive market sales, falling 302.21 points to 23,356.73 and led lower by operator Wagamama Restaurant Group after stocks slipped 7% or 8.2 points to 106.8 points.

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NIRF Ranking: Punjab Colleges Fail To Rank Top 100 For 5th Year In A Row https://6toros6.com/nirf-ranking-punjab-colleges-fail-to-rank-top-100-for-5th-year-in-a-row/ https://6toros6.com/nirf-ranking-punjab-colleges-fail-to-rank-top-100-for-5th-year-in-a-row/#respond Sun, 19 Sep 2021 20:12:02 +0000 https://6toros6.com/nirf-ranking-punjab-colleges-fail-to-rank-top-100-for-5th-year-in-a-row/

Punjab’s higher education institutions once again perform poorly in the recent National Institutional Ranking Framework (NIRF) ranking as none of the colleges were able to make the category’s top 100 list for the fifth year consecutive.

This contrasts with the state’s schools topping the National School Education Performance Rating Index for 2019-2020 released by the Union government in June of this year.

The NIRF rankings of higher education institutions across the country given by the Union Ministry of Education are based on teaching, learning and resources; research and professional practice, result of graduation; awareness and inclusion; and peer perception.

According to NIRF data, a total of 1,802 institutes from different states participated in the 2021 ranking, the highest number since 2017, when colleges were clubbed for the national ranking.

The Punjab has 303 colleges, of which 67 are managed by the government, 135 are managed by the private sector and another 100 are managed under the category of self-financing programs. Only 22 colleges showed up for the last annual edition of the NIRF assessment. When the college ranking was launched in 2017, none of the colleges participated.

But state participation improved over the next four years with 10 colleges applying in 2018; 12 in 2019 and 17 in 2020.

Teachers and academics admit that most colleges are aware that they do not meet basic assessment criteria and therefore stay away from participation.

Professor RK Kohli, former vice-chancellor of the Central University of the Punjab, says he is concerned that education is not a priority for political exemptions. It is disheartening that a faculty member at a government institute in the Punjab is paid less than a peon for a minimum period of three years, he added.

“The government ranking sets out education standards in Punjab. Educational institutions are evaluated on the basis of the talent they produce and no government has formulated a policy to control the brain drain, ”said Professor Kohli.

The president of the Punjab and Chandigarh College Teachers’ Union (PCCTU), Vinay Sofat, blames the lack of higher education policy in the Punjab. “Governments quickly announce new colleges, but refrain from regularly appointing faculty members. When a teacher is not well paid in government colleges and institutes run by social or charitable organizations are not financially supported, how could anyone be motivated to participate in activities like the NIRF, ”said Sofat.

Swaraj Raj, former head of the English department at Government Mohindra College, Patiala, said the number of faculty members has declined even as more colleges have been opened in the past three decades.

“Public schools have seen improvement in terms of infrastructure and number of teachers, but colleges continue to benefit from stepmother treatment. When I joined the service in 1982, there were around 2,400 college professors and their number was around 1,000 when I retired in 2015. You just can’t expect a quality education. in the given circumstances, ”he added.

NIRF Rating Year Participants of the College of India Punjab’s participation

2017 535 NIL

2018 1,087 10

2019 1,304 12

2020 1,659 17

2021 1,802 22

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Fearing battery fires after recalls, people are selling their Chevy Bolt EVs to GM https://6toros6.com/fearing-battery-fires-after-recalls-people-are-selling-their-chevy-bolt-evs-to-gm/ https://6toros6.com/fearing-battery-fires-after-recalls-people-are-selling-their-chevy-bolt-evs-to-gm/#respond Sat, 18 Sep 2021 14:17:00 +0000 https://6toros6.com/fearing-battery-fires-after-recalls-people-are-selling-their-chevy-bolt-evs-to-gm/ GM had warned that some cars could have a manufacturing defect that could cause them to catch fire. For safety reasons, the automaker recommended Bolt owners to restrict their use of the car to avoid straining the batteries and parking them away from home.

So far, the Chevrolet Bolts have been blamed for 12 fires, according to GM.

The restrictions have turned owning what used to be a very practical electric car into a huge inconvenience, Schoenfeld said. GM offered to lend him a different car, but it would have been gasoline, since GM does not currently sell any electric vehicles other than the Bolt. GM once sold a plug-in hybrid called Volt, but that car ceased production in 2019. For Schoenfeld, another GM car was not a viable alternative. Instead, GM bought him back his Bolt.

“I am very eco-conscious,” he said. “I have my solar and geothermal energy in my house and I don’t want to burn fossil fuels.”

In a process that took weeks to finally come to fruition, Schoenfeld sold his Chevrolet Bolt EV back to GM for about $ 10,000 more than he would have gotten just by trading in the car at a dealership, a- he said, although he refused. provide specific numbers.

It is a solution that many Bolt owners resort to it, according to numerous social media reports and CNN Business interviews.

GM would not say how many vehicles it bought back from its customers. The company said he decides whether or not to buy back individual cars on a case-by-case basis. Alternatively, GM also offers to trade in the car for another GM vehicle.

Brandon Neider, an information technology executive who also owns an auto detailing business in Yonkers, New York, also submitted documents for a buyout, a process that he says could take some time. weeks given the number of requests.

“I’m really not comfortable having this vehicle at this point,” said Neider. “I’m not done with the mark but you know these guys don’t even know how long it’s going to take to resolve.”

GM first announced a recall of Chevy Bolt electric vehicles in November 2020 due to a fire risk, but there was no immediate fix. In May it announced a software repair, but then there were two fires involving bolts that received this fix, causing another recall in July of 70,000 vehicles. A month later, the automaker issued a recall on 70,000 other cars.

GM spokesman Kevin Kelly said the company will begin replacing battery modules on Bolt EVs, at no cost to the owner, once it is satisfied that its battery supplier, LG Energy Solution, produces fault-free batteries. There is no specific time frame in which this is expected to happen, he said. NHTSA is also investigating the cause of the fires.

“We do not yet have clear solutions as we investigate the cause of the fire,” said a spokesperson for LG Energy Solution.

The LG spokesperson also said that since the issue was still under investigation, the company could not say whether the root cause was an LG manufacturing issue.

In the meantime, GM has recommended owners use their vehicles in a way that minimizes stress on the batteries. This means making shorter trips and not letting the batteries charge too fully or drain too much.

Several Chevrolet Bolt EV owners interviewed for this story, some of whom did not want their names released as they are still in discussions with the automaker, said they love their electric cars and are not angry. against GM for the default.

“You know, things happen,” said a woman who bought her Bolt in 2017. “Things go wrong.”

Although the process took weeks and involved a lot of paperwork, Schoenfeld said everyone in customer service he dealt with was kind, understanding and helpful.

Most of the other Bolt EV owners CNN Business spoke to were less optimistic about the customer service issue.

“I was on hold for an hour and 55 minutes listening to this horrible music,” said one man.

A woman from upstate New York, who was concerned about the safety of her home in case the Bolt started to burn, said GM offered her a 150-foot charging cable that would have allowed her to recharge his car far from his wooden house. But later, she said, another GM rep told her that such a cordon did not exist. GM confirmed to CNN Business that there isn’t such a long charging cord.

Several people have said they are asking for buybacks because they bought the car with the expectation that it will be able to travel some distance between charges, up to 259 miles for newer models.

By announcing the most recent recalls, GM has recommended that people do not charge the battery to more than 90% of its capacity. They also recommended that people don’t drain the battery within 70 miles of range. According to EPA estimates, this effectively reduced the range of longer range models to around 163 miles. In real driving, Chevrolet Bolts, like other vehicles, electric or not, often do not reach their range estimated by the EPA.

GM also recommended that people not charge their cars indoors overnight and park cars outside immediately after charging. GM also recommended, when parking in a garage, to park on the top floor or on an open patio and park at least 50 feet from any other vehicle.

“After each use, after I come home in the evening, I have to get up in the middle of the night to unplug the car,” said Schönfeld.

GM customer service representatives suggested solutions, aside from reselling the car, which also weren’t helpful, some people claims. Two people said they were offered a refund for a rental car, but were asked to submit their rental car receipts at the end of each month. That would have meant racking up hundreds of dollars in car rental fees before even asking for reimbursement. GM has not specifically confirmed how it handles reimbursement for rental cars.

However, not all owners think about getting rid of their car. Many prefer to keep their Bolts, stick to GM’s suggested usage limits, and wait for the problem to be resolved.

“It seemed like a small risk that we were prepared to accept until Chevrolet could replace the battery,” said Sally Heaven, owner of Bolt in Maryland. “We don’t have a garage either, so our car is parked in the driveway.”

For those who decide to request a buyback, the process is time consuming and requires a lot of paperwork. DG wouldn’t explain exactly how he decides which cars to buy back, other than to say “We continue to assess buyout requests from Bolt EV owners on a case-by-case basis.”

The formula GM uses to calculate the value of a car, according to a brochure provided by the automaker, involves taking the total amount paid and deducting a small amount for each mile driven along with other items such as incentives. purchase received from GM and the cost of removing changes made by the customer. It’s similar to the calculations used in Lemon Law regulations, said Steve Lehto, a Michigan attorney specializing in automotive consumer law.

By agreeing to these buyout agreements, Lehto said, GM is likely reviewing lemon laws and other warranty-related laws in each state. Every state has such laws, but they vary in details and application, he said. Even though customers don’t specifically invoke the laws, they provide a basis for GM to understand what it might ultimately be forced to do if a customer were to take the matter to court.

For now, some Bolt owners said they were looking at other electric cars. Schoenfeld and Neider both said they ordered Tesla Model 3s.

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