A gun salute at the Tower of London has marked the start and end of a national minute's silence in honour of Prince Philip. It was one of many gun salutes fired across the country on the day of the Duke of Edinburgh's funeral.
A gun salute at the Tower of London has marked the start and end of a national minute's silence in honour of Prince Philip. It was one of many gun salutes fired across the country on the day of the Duke of Edinburgh's funeral.
ShutterstockMinutes before her removal from House leadership on Wednesday, Liz Cheney told her colleagues that the nation needed a Republican Party “based on truth,” warning that embracing Donald Trump would “drag us backward and make us complicit in his efforts to unravel our democracy.”Hours later, after House Republicans swiftly stripped Cheney of her leadership position, they managed to prove her point at a hearing on Jan. 6.Rep. Andrew Clyde (R-GA) said to call the insurrection an insurrection was a “bald-faced lie” because the people streaming into the Capitol looked like “a normal tourist visit.” Rep. Paul Gosar (R-AZ), who has ties to the organizers behind Jan. 6, said law enforcement was “harassing peaceful patriots.” And Rep. Ralph Norman (R-SC) theorized that it was impossible to know if it was actually Trump supporters who stormed the Capitol because no one had polled the rioters.“It was Trump supporters who lost their lives that day,” added Rep. Jody Hice (R-GA), “not Trump supporters who were taking the lives of others.”The embrace of a fabricated version of Jan. 6 was the natural progression following what they did that morning—booting Cheney from her position as the GOP conference chairwoman. And it was perhaps Cheney’s proclivity for telling the truth about Trump, the insurrection, and Republican lies about voter fraud that ultimately sealed her fate.Just don’t tell that to Republican members. If you ask them, you’ll get an assortment of tortured explanations.“It's just the style of leadership,” Rep. Tim Burchett (R-TN) told The Daily Beast on Tuesday.“I felt she pushed too hard to spend more money in the first Trump budget,” Rep. Glenn Grothman (R-WI) said, referring to something that happened four years ago.“Just became too much of a distraction,” Rep. Byron Donalds (R-FL) told reporters on Wednesday.In interviews with more than 20 House Republicans this week, it’s clear that most GOP members had become uncomfortable with Cheney continuing to represent them in leadership. But their rationales were often far from coherent, and the real reason why so many wanted to take away Cheney’s megaphone—whether Republicans would like to admit it or even realize it—is that she undermined a key endeavor of the GOP: lying.Every time Cheney defiantly said the 2020 election had not been stolen from Trump, she undercut Republican attempts to change laws making it harder to vote. Every time she laid the blame for Jan. 6 at Trump’s feet, Republicans became a little more uneasy. And every time she referenced “The Big Lie,” she inconveniently suggested that those refusing to acknowledge Joe Biden’s legitimate victory were, in fact, not telling the truth.“The 2020 presidential election was not stolen. Anyone who claims it was is spreading THE BIG LIE, turning their back on the rule of law, and poisoning our democratic system,” Cheney tweeted on May 3, in what may have been the final straw.On Wednesday afternoon, as House GOP leader Kevin McCarthy (R-CA) exited a meeting with Biden and other congressional leaders at the White House, he somehow claimed that he didn’t think anybody was “questioning the legitimacy of the presidential election.”“That is all over with,” McCarthy said.But it’s obviously not. And as The Daily Beast sought explanations from GOP members as to why Cheney had to go, Cheney’s resolute declarations about the election seemed to be at top of mind for many.Rep. Barry Loudermilk (R-GA) told The Daily Beast that Cheney had thrown GOP lawmakers “under the bus” precisely because she called out those actively questioning the legitimacy of the presidential election.“If we say we have questions about the 2020 election, then you're somehow enemy to democracy,” Loudermilk said.Republicans Lean Into New Role as Trump’s Willing Hostages Rep. Jim Jordan (R-OH) expressed a number of issues he had with Cheney even before the election, but he also seemed offended that Cheney would side with Democrats on issues like impeachment, the 2020 election winner, and Jan. 6.“The problem is you can’t have a Republican conference chair who continually recites Democrat talking points,” Jordan said. “You can't have a Republican conference chair who takes positions that 90% of the party oppose.”Rep. Elise Stefanik (R-NY), the overwhelming favorite to take Cheney’s position now that she’s been ousted, told The Daily Beast Wednesday morning that the GOP conference chair—charged with helping Republicans message—needed to “represent the whole team.”“And I believe that she lost the faith of the members of the conference,” Stefanik said.When The Daily Beast asked Stefanik if anything Cheney had said was actually inaccurate or should be controversial, Stefanik revealed her sense of subjective truth.“What she’s saying is not representative of the viewpoints of 70-plus million Americans who voted for President Trump, or for the majority of our conference members,” Stefanik said. “It’s important that we focus on election security and election integrity moving forward, and that’s why you see state legislatures taking action.”It’s that key Republican endeavor—to clamp down on voting—that may truly be the most Machiavellian reason for Cheney’s removal. As Republicans turn to state legislatures for new rules that would make it harder for people to vote, the last thing they need is a GOP leader calling out their own attempts to restrict voting as an unnecessary and naked power grab.Republican lawmakers and operatives appear convinced that voter integrity issues will be a winner for the GOP headed into the critical 2022 elections. John McLaughlin, who served as a top pollster for Trump during the 2016 and 2020 races, told The Daily Beast on Wednesday that based on his data, he believes voting issues could “help defeat” Democratic Sens. Mark Kelly (D-AZ), Maggie Hassan (D-NH), Raphael Warnock (D-GA), and Catherine Cortez Masto (D-NV), all up for reelection next November.McLaughlin called it a “fundamental issue” that motivates “Republicans and conservatives but wins big among all voters.For months, the twice-impeached former president has also told allies on Capitol Hill and his advisers that “election integrity issues”—as they call them—have to be a core tenet and litmus test in upcoming GOP primaries, according to three people familiar with the matter. Earlier this year, Trump even went as far as to say that a candidate’s refusal to acknowledge that Biden legitimately won could factor into his decisions when it came time to pick more endorsements.But it’s not just Trump and his allies who see these election issues as a major issue in the GOP. Cheney’s dwindling camp of defenders also saw how her speaking the truth about the 2020 election was a major reason for her removal.“Liz didn’t agree with President Trump’s narrative and she was cancelled,” Rep. Ken Buck (R-CO) told reporters on Wednesday. The arch-conservative lawmaker warned that voters would remember in 2022 that Republicans “were unwilling to stand up to a narrative that the election was stolen.”Rep. Adam Kinzinger (R-IL), one of Cheney’s staunchest defenders, also told reporters Wednesday morning that what was happening in the GOP conference was “terribly backwards.”“On Day One, you know, when Kevin was spending five or eight minutes, you know, supporting Marjorie Taylor Greene, and then, you know, 12 seconds defending Liz at the end of it, it’s backwards,” Kinzinger said. “It just goes to show that this is all about maintaining power.”Kinzinger added that nothing Cheney has said to date was “controversial, you know, in the truth world,” and he said that Republicans needed to gain power by being honest and engaging voters “like adults and not like the children that we’ve been lately.”“The reality is, you can’t blame people that think the election was stolen, because that’s all they hear from their leaders,” Kinzinger said. “It’s leaders’ job to tell the truth even if that’s uncomfortable, and that’s not what we’re doing.”A House GOP aide aligned with Cheney was even more emphatic Wednesday, telling The Daily Beast that this effort to strip Cheney of her position was about “Donald Trump and his lies. Full stop.”“There’s not a single member that has claimed the things that Rep. Cheney has said are wrong, but she still was removed,” this aide said. “That says more about the state of the conference and its fealty to Trump’s ludicrous BS than it does about her.”One senior GOP aide told The Daily Beast that, while demoting Cheney may help in Republican attempts to restrict voter access, it probably wasn’t the conscious thought of most members to remove her for that reason. Instead, this aide said, it was Republican uneasiness with talking about the insurrection.“Many members don’t even disagree with her views on January 6th—they just don’t want to talk about it publicly,” this senior GOP aide said. “It doesn’t unify the conference or serve the party’s broder message to constantly insert the insurrection into the conversation. It’s the opposite of message discipline.”Cheney’s continued insistence to point out Trump and the GOP’s lies did seem to finally cross a threshold for GOP leaders last week, when McCarthy and GOP Whip Steve Scalise (R-LA) finally said they’d had enough with her.Three months ago, when Cheney faced the first campaign to remove her as conference chair, McCarthy was a key reason she kept the position. By a two-to-one margin, the conference voted to keep her in leadership following her vote to impeach Trump and her blistering criticism of his role in fomenting the Jan. 6 insurrection.At the time, House Republicans were largely willing to accommodate Cheney’s views. But since that vote,The consensus among House GOP members changed, and now most agreed Cheney had become a problem, even if they refused to identify why that was the case.Rep. Marjorie Taylor Greene (R-GA)—after first refusing to answer a question about when Cheney had become a problem for Republicans because the reporter was wearing a mask—then asked for the reporter to tell her why Cheney had become a problem.“I’m asking you, you’ve reported on it,” Greene said.Rep. Lauren Boebert (R-CO) answered that question by saying Cheney became a problem “when she voiced her own personal opinions as conference chair.”And Rep. Thomas Massie (R-KY) refused to meaningfully answer, suggesting that it was a gotcha question.“When did you stop beating your wife?” Massie replied.—with reporting from Asawin Suebsaeng.Read more at The Daily Beast.Get our top stories in your inbox every day. Sign up now!Daily Beast Membership: Beast Inside goes deeper on the stories that matter to you. Learn more.
The embattled president of the University of South Carolina resigned on Wednesday, days after he delivered a commencement address marred by allegations of plagiarism and a misidentification of the school itself. In a news release, the school announced that the chairman of its board of trustees had accepted Bob Caslen's resignation, thanking him for his service. Harris Pastides, Caslen's immediate predecessor who led the system for 11 years, will serve on an interim basis during a search for a permanent replacement, officials said.
LOS ANGELES (AP) — Los Angeles Dodgers backup third baseman Edwin Ríos will miss the rest of the season after surgery on his right shoulder. Right-hander Dustin May also underwent Tommy John surgery on Wednesday, sidelining him until at least the summer of 2022. The defending World Series champions announced their decision later Wednesday on Ríos, who has a partially torn labrum. He will have surgery next week. The Dodgers also shut down Josiah Gray, their top pitching prospect, due to a right shoulder impingement. Gray, who was scratched from his minor league start at the last minute Tuesday night, will rest for at least a week before re-evaluation. Ríos got off to a rough start this season with the Dodgers, batting .078 with one homer in 25 games while clearly struggling with his swing. The 27-year-old Puerto Rican prospect made his major league debut in 2019. Ríos appeared in seven postseason games last fall, hitting two homers in the NLCS against Atlanta. He had hoped to land a steady backup role playing third base and first base this year for Los Angeles. Instead, the Dodgers will have to use even more of their depth after the latest setback in their significant early-season injury woes. Along with losing May from the starting rotation, the Dodgers are still without 2019 NL MVP Cody Bellinger, who incurred a hairline fracture in his leg in their first series of the season. There is no timetable for his return to action. Starting pitchers Tony Gonsolin and David Price are still returning deliberately from injuries to bolster what was probably the deepest rotation in baseball before the season. The staff is already short-handed now, with a bullpen game or a spot start likely necessary Monday against Arizona. Promising rookie utilityman Zach McKinstry is also still out with strained right oblique, while key right-handed reliever Corey Knebel likely is out for months with a strained back muscle. The bullpen also is missing Brusdar Graterol (forearm) and Scott Alexander (shoulder) with shorter-term injuries. ___ More AP MLB: https://apnews.com/hub/MLB and https://twitter.com/AP_Sports Greg Beacham, The Associated Press
WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of: (i) purchasers of the securities of PureCycle Technologies, Inc. (NASDAQ: PCT) between November 16, 2020 and May 5, 2021, inclusive; and (ii) all holders of Roth CH Acquisition I Co. securities entitled to participate in the March 16, 2021 shareholder vote on the merger with PureCycle (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 12, 2021.
Rocky Mountain House Health Centre's emergency department will be closed for a 16-hour period due to a shortage of available doctors. Alberta Health Services said in a release the emergency department closed at 3 p.m Wednesday to allow physicians and staff to treat and discharge remaining patients. The department is set to reopen at 7 a.m. Thursday. "This is a temporary situation, due to COVID-19 impacting the availability of physicians across the zone who are able to provide locum coverage," states the AHS release. "Central Alberta has a number of physicians who are impacted by COVID-19 or in isolation due to being a close contact, limiting available resources." Inpatients will not be affected by the closure and on-call coverage will still be provided for obstetrical patients. "AHS exhausted all efforts to find physician coverage during this time, locally, within Central Zone, and provincially, but have not been able to find physicians to cover the ED during this time," AHS said in the release. Anyone needing urgent emergency medical care in the area is asked to call 911. Emergency calls will be rerouted to other central Alberta health care facilities, including those in Sylvan Lake, Rimbey, Sundre and Red Deer.
The government should 'hold their nerve' on public transport spending, a government advisor says.
(Bloomberg) -- Asian stocks extended a selloff Thursday after a U.S. inflation reading saw the S&P 500 drop the most since February and bond yields jump on concern that price pressures could stifle the economic recovery.While declines in Japan, Australia and South Korea didn’t match the magnitude of the pull back in U.S. gauges, MSCI Inc.’s regional benchmark erased this year’s gain. U.S. futures fluctuated after the technology sector paced a 2.6% decline in the Nasdaq 100. The S&P 500 dropped more than 2% in a third-straight day of declines, though the energy sector climbed as commodity prices continued to rally.Treasury yields steadied after jumping despite strong demand for 10-year notes in a monthly auction. The dollar held an advance.Oil retreated back below $66 a barrel. The biggest U.S. gasoline pipeline is reopening after a cyberattack that sparked acute fuel shortages. Copper’s advance stalled after the inflation numbers.U.S. consumer prices climbed in April by the most since 2009, adding fuel to the debate over whether inflation will be persistent enough to force the Federal Reserve to tighten policy sooner than thought. The surprise reading included broad-based price pressures, and a market gauge of inflation expectations over the next five years touched its highest level since 2005 before easing.The consumer price index increased 0.8% from the prior month after a 0.6% gain in March. Excluding the volatile food and energy components, the so-called core CPI rose 0.9% from March. Fed Vice Chair Richard Clarida said he was surprised by the jump, but that it should prove largely transitory.“The concern is that the markets have lost a little bit of confidence that the Fed has control of inflation; I don’t think it’s necessarily the level, I think it’s the concern over ‘is the Fed going to wait too long to address the inflation question,”’ Victoria Fernandez, Crossmark Global Investments chief market strategist, said on Bloomberg TV. “I am not sure the market is extremely comfortable with that at this point.”Elsewhere, Bitcoin extended a drop after Elon Musk tweeted that Tesla Inc. has suspended vehicle purchases using the digital currency over environmental concerns. He added that Tesla will not be selling any Bitcoin.These are some of the main moves in markets:StocksS&P 500 futures rose 0.3% as of 9:22 a.m. in Tokyo. The S&P 500 fell 2.1%Nasdaq 100 contracts added 0.3%. The Nasdaq 100 slid 2.6%Japan’s Topix index fell 0.7%Australia’s S&P/ASX 200 Index lost 0.3%South Korea’s Kospi index declined 0.7%CurrenciesThe yen traded at 109.76 per dollar after slipping 1%The offshore yuan was at 6.4566 per dollarThe Bloomberg Dollar Spot Index was steady after rising 0.7%The euro was at $1.2074BondsThe yield on 10-year Treasuries held at 1.69% after jumping seven basis pointsAustralia’s 10-year bond yield rose four basis points to 1.81%CommoditiesWest Texas Intermediate crude fell 0.6% to $65.68 a barrelGold was at $1,814.50 an ounceFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Elon Musk said on Wednesday that Tesla would stop accepting Bitcoin in car purchases.
New Delhi [India], May 13 (ANI): In view of the cyclone building up over the Arabian Sea, the Indian Coast Guard (ICG) issued an advisory to the Fisheries Department to warn the fishermen not to proceed to sea and also to return to the nearest harbour, said officials.
Bitcoin (CRYPTO: BTC) and Tesla (NASDAQ: TSLA) both slumped in after-hours trading after a critical tweet by CEO Elon Musk. The popular cryptocurrency fell by more than 6%, while Tesla stock dipped a more modest 4%, as of this writing. In a statement posted on Twitter (NYSE: TWTR), Musk said that Tesla was suspending vehicle purchases made using the popular cryptocurrency.
(Bloomberg) -- Raphael Koch, a retailer of medical devices in the small Swiss town of Wil, has been busy for the past two weeks fielding a flurry of phone calls. Most are from Indians or India-based companies looking for oxygen concentrators, with some even wanting as many as 500 at once.But Koch’s Oxymed store barely has any stock left of the little known machines that separate the critical gas from air and assist patients with low blood-oxygen levels. And he isn’t expecting fresh supplies from manufacturers at least until mid-June.“They’re desperate,” he said, referring to the callers he’s been speaking to lately. “They tell me about relatives dying on the streets, that there’s no space in the hospitals and that the few oxygen concentrators that are still available are being sold for up to 10 times the normal price.”After a new coronavirus variant unleashed a brutal wave of infections in India, taking thousands of lives and sending millions to overcrowded and poorly equipped hospitals, demand has shot up for the device. When health-care facilities are running short of oxygen tanks and beds, the portable machine is increasingly becoming a line of defense for those seeking to avert breathing difficulties while recuperating at home.Worst CrisisIndia has reported more than 300,000 daily infections for 21 consecutive days, highlighting the country’s slide into the world’s worst health crisis. One research model is predicting deaths could quadruple to 1,018,879 from the current official count of almost 254,200. Just as some countries needed ventilators in large quantities last year, India is now desperately seeking oxygen supplies and concentrators.The latest outbreak has seen oxygen requirements at Indian hospitals rise 10-fold, according to Abhinav Mathur, founder of the Million Sparks Foundation, which is part of efforts around Delhi to import the devices and donate them to healthcare facilities. A small part of this surge is being met by the concentrators, he said.To be sure, oxygen concentrators are useful only to those who don’t require intensive care. The machines deliver about five to 10 liters of the gas per minute, typically at about 93% purity, whereas those fighting Covid in hospitals may need as much as 60 liters per minute, which can be met only by liquid-oxygen tanks.Data tracked by the Indian Council of Medical Research between August 2020 and April 2021 show shortness of breath was reported by almost 48% of patients hospitalized this year, compared with about 42% last year. Oxygen utilization jumped to 55% in the second wave, from 41% during the first.Foreign AidIndia needs as many as 200,000 oxygen concentrators to meet the current demand, or five times pre-pandemic levels, Mathur said. Prime Minister Narendra Modi’s government on May 10 said it distributed 6,738 of them from the pool of foreign aid it received in recent weeks, underscoring the inadequacy of supplies and donations trickling in from countries ranging from the U.S. to China and Switzerland.Distraught families are looking to source the gadget -- which could set some back by as much as $1,000, or about half of India’s per capita gross domestic product -- from wherever they can. The cost is an additional burden for some Indians who face shrinking incomes after losing businesses and jobs to lockdowns. A study by Pew Research Center showed an estimated 75 million people slipped into poverty in India since the outbreak began.Some of the biggest manufacturers including Royal Philips NV are stepping in to help. The company has “significantly increased its global production and is making these products available in India to help save more lives,” Philips said in an emailed statement, declining to elaborate.Enough CapacityChinese maker Jiangsu Yuyue Medical Equipment & Supply Co. said in an investor call in April that “orders from India continue to grow.” The Nanjing-based company said its daily production capacity of 4,000 units is sufficient to deliver orders amounting to 18,000 pieces. Shares of the company have jumped 15% in the past month in Shenzhen, compared with the 1.6% gain in the Shenzhen Stock Exchange Composite Index.Koch’s Oxymed website lists several oxygen concentrators. The EverFlo by Philips, for example, costs 1,550 Swiss francs ($1,715). Other devices have price tags ranging from 1,250 francs to 4,850 francs.Models imported from China may be more affordable at 25,000 rupees ($340), but because of high demand and price gouging, some in Delhi are paying 80,000 rupees for a piece. Indian budget airline SpiceJet Ltd. said it has airlifted more than 27,000 oxygen concentrators from the U.S., Hong Kong, mainland China and Singapore.Until recently, India’s federal government used to levy an import duty of as much as 20.4% on the oxygenators, but the levies were scrapped temporarily in the first week of May after the red tape prevented life-saving equipment and medicines from reaching the needy.A relief fund set up by the prime minister last year is set to order 150,000 units of an oxygen supply system developed by India’s Defence Research & Development Organisation, the government said Wednesday. Demand for these oxygen concentrators are only likely to surge further, said Million Sparks Foundation’s Mathur. Home care, government-run facilities adding more beds and hotels getting converted into Covid care centers will fuel the demand, he said.“The next big worry is that the pandemic is clearly seen moving to semi-urban and rural areas,” he said. “The government should start to plan for improving the availability of oxygen in these areas to be ready to respond.”Meanwhile, in a tiny village about 20 miles east of Zurich, Dino Vivarelli runs MediCur AG, a specialist retailer of all things oxygen, ranging from therapies to air purifiers. He has never done business outside of Switzerland.But after the Indian embassy contacted him about two weeks ago to source large quantities of liquid oxygen, Vivarelli said he’s been getting inquiries from charities and the Indian diaspora in Switzerland and Germany. Until recently, he said he used to be able to order oxygen concentrators by the dozen by email and receive them the next day.“Those days are over,” he said by phone. “It started with a delay of a week. Now we’re already at about a month.”(Updates with PM relief fund ordering oxygen care units in 16th paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
PRINCE ALBERT, Sask. — A veteran Saskatchewan Mountie is facing a charge of first-degree murder after police say a man's body was discovered in a wooded area. Bernie Herman, a 32-year member of the RCMP who was most recently stationed at the Prince Albert detachment, is to appear in court there Thursday. The officer, who also turns 53 on Thursday, is accused of killing 26-year-old Braden Herman. Investigators said the alleged killing took place while the officer was off duty, but few details have been released. "The victim and the accused in this file are known to each other, but are not related," a news release from the Prince Albert Police Service said Wednesday. It said officers were called to a wooded area in the city Tuesday night after receiving a report that a man's body had been discovered. An autopsy was to take place Thursday in Saskatoon. Police also said officers have secured a vehicle and a home in Prince Albert as part of the investigation. The service's criminal investigations division is leading the case, but city police have requested the appointment of an independent observer to oversee it. "Any time someone's life is taken it is certainly tragic and just really sad," said Charlene Tebbutt, media coordinator with the Prince Albert police. Saskatchewan RCMP did not respond to a request for comment. This report by The Canadian Press was first published May 12, 2021. The Canadian Press
The Cowboys will play both the Buccaneers and Chiefs, the last two Vince Lombardi Trophy winners, on the road in 2021.
ATLANTA (AP) — Police officers who encountered a naked man walking down a Georgia street repeatedly fired their stun guns at him and pinned him to the ground by kneeling and standing on him, ultimately and wrongfully causing his death, according to a federal lawsuit filed by the man's parents. Fernando Octavio Rodriguez, 24, was walking home after attending the Imagine Festival, an electronic music event held at the Atlanta Motor Speedway in Hampton, when officers responding to a 911 report of an unclothed man approached him shortly after 10 p.m. on Sept. 20, 2019. Over the next 10 minutes officers stunned him at least 15 times and “pinned Fernando to the ground by kneeling and standing on Fernando’s back, neck, head, arms, and legs, thereby depriving Fernando of oxygen," the lawsuit says. Rodriguez was unresponsive when paramedics arrived and he died at a hospital just over 48 hours later. A medical examiner ruled his death a homicide caused by “asphyxia due to physical restraint in prone position with compression of chest" and said his injuries occurred during “physical altercation with law enforcement,” the lawsuit says. The officers violated Rodriguez's constitutional protections against the use of excessive and unreasonable force and wrongfully caused his death, the lawsuit says. It was filed Tuesday by Rodriguez's parents against Henry County, the city of Hampton, two county police officers and three city police officers. Henry County spokeswoman Melissa Robinson said she couldn't comment on pending litigation. Hampton police referred a request for comment to the city manager, who did not immediately respond to a voicemail seeking comment Wednesday. A county police spokesman spokesman did not immediately respond to an email seeking comment. Two of the city officers are still employed by the department, according to its website, and did not respond to emails sent to their department email addresses. A police body camera video provided by Rodriguez's parents' lawyers shows Rodriguez walking down the middle of a street naked as an officer shouts at him to get on the ground at least 10 times. Rodriguez turns around twice but keeps walking. He yells something at the officers, but it's bleeped out on the video provided by the lawyers. The officer then yells, “I'm gonna tase you,” and fires his stun gun, causing Rodriguez to fall to the ground. After that, the officers are heard repeatedly telling him to roll over onto his stomach so they can help him and also threatening to stun him again. One tries to turn him over and calls him a “sweaty little hog.” Rodriguez is heard yelling whenever he's stunned and is seen trying to sit up and scooting away from the officers while lying on his back. About six minutes after Rodriguez was first shot with a stun gun, the officers roll him over and handcuff him. They then pin him down with their feet and knees on different parts of his body and push his face into the road. About 15 minutes after Rodriguez was first stunned, one of the officers says his pulse rate is “through the roof" and another officer asks Rodriguez if he's still breathing. An officer says twice, “He's quit breathing.” Another says, “Are you serious?” Even after they were aware that he was not breathing, they didn't stop to render aid as they should have, said Jess Johnson, a lawyer for Rodriguez’s parents. Throughout the encounter, the officers are heard speculating that Rodriguez is on drugs. Johnson said he has not seen a toxicology report but he believes Rodriguez was under the influence of something and needed medical attention. After the paramedics arrive, one asks, “Has he got a good chest rise?” One of the officers responds, “I have no idea, man. We got him to this point and we just didn't touch him no more.” Paramedics later reported Rodriguez was “unresponsive, not breathing and pulseless” when they arrived, the lawsuit says. They put him on a stretcher and were able to revive him. But he died early on Sept. 23, 2019, at Grady Memorial Hospital in Atlanta, where doctors said he was suffering from respiratory failure, renal failure, anoxic brain injury, cardiac arrest and acute blood loss anemia, the lawsuit says. The officers violated Rodriguez's constitutional rights by stunning him and pinning him to the ground when he wasn't resisting or trying to evade arrest and by continuing to pin him to the ground after he became unresponsive and stopped breathing, the lawsuit says. The lawsuit asks for a jury trial and seeks unspecified damages and legal fees. The Georgia Bureau of Investigation was called in to take over the case and a spokeswoman said the investigative file was submitted to the Henry County District Attorney in January 2020. A spokeswoman for District Attorney Darius Pattillo said the case remains under investigation by their office. Kate Brumback, The Associated Press
(Bloomberg) -- SoftBank Group Corp. shares dropped after the company reported the largest-ever quarterly profit, in part because investors had been anticipating more share buybacks.Shares tumbled as much as 6.7% on Thursday, on top of a steep slide over the previous two days. Investors are skittish about whether SoftBank will keep buying back its own stock after completing a 2.5 trillion yen ($23 billion) allotment for repurchases.“We believed that Softbank would follow up its massive buyback with another one. But we are extremely surprised that it did not,” Atul Goyal, senior analyst at Jefferies, wrote in a research note. “Without the buyback, Softbank stock price is likely to reflect the performance of its listed investments.”SoftBank on Wednesday reported net income of 1.93 trillion yen ($17.7 billion) for the three months ended March 31, with essentially all of that coming from Son’s investment in the newly public Coupang Inc. That’s nearly twice the 1 trillion yen tally from the next highest Japanese company, Toshiba Corp.In a presentation after results, founder Masayoshi Son argued that investors aren’t giving him credit for the value he’s creating at SoftBank. With holdings like Coupang and Alibaba Group Holding Ltd., the net asset value for the company is now north of 15,000 yen a share, he said, more than 60% higher than the current share price.“In simple terms, they’re undervalued,” Son said, pacing a stage in Tokyo with a black turtleneck and matching black blazer.SoftBank’s Vision Fund investment arm went from being the source of the biggest loss in SoftBank’s history a year ago to the main driver of earnings, with a 2.3 trillion yen profit in the March quarter. The rally in tech shares boosted Vision Fund profits to three consecutive records, raising the value of holdings in the likes of Uber Technologies Inc. and paving the way for public listings from startups such as Coupang and DoorDash Inc.“Our profit and revenue are both measured in trillions of yen, but just a year ago we had a record loss,” Son said at the briefing. “For SoftBank, profits and losses in trillions of yen are the new normal.”What’s really driven SoftBank shares though, has been its buybacks. Beginning in March of last year, Son announced he would sell assets and repurchase 2.5 trillion yen of his own shares.SoftBank has now spent all of the money it has allocated -- and investors have been anticipating more buybacks. But Son didn’t commit to further repurchases.“Yes, we will consider buying back our own shares,” he said, stressing there are a lot of factors that go into such a decision and it can’t just be deployed to prop up the share price.Son tried to keep the attention on his startup successes. Coupang, the South Korean e-commerce leader, contributed $24.5 billion to Vision Fund’s profit in the fourth quarter. Auto1 Group SE, a German wholesale platform for used cars which went public in February, contributed $1.8 billion of the gains, while Uber posted a $200 million loss. The Japanese conglomerate doesn’t have to sell equity holdings to book income, so most of its profits are unrealized.“The discount SoftBank is trading at, around 30%, has widened again in recent months, but it’s a far cry from the gap that Son has railed against historically,” said Kirk Boodry, an analyst at Redex Research in Tokyo. “I get his points, but the last two years have shown there can be extreme volatility in returns and little agreement on future prospects.”Son has said that SoftBank could see between 10 and 20 public listings a year. Grab Holdings Inc. will go public in the U.S by July through the largest-ever merger with a blank-check company, valuing the Southeast Asian ride-hailing and delivery giant at about $40 billion. Its Chinese counterpart Didi Chuxing has filed with the U.S. Securities and Exchange Commission for an IPO that could value the company as highly as $70 billion to $100 billion.SoftBank has a portfolio of 224 companies across three different funds as of the end of March.Son did take a victory lap in touting his returns so far. He said that limited partners in the first Vision Fund now have a blended internal rate of return of 22%, compared with negative 1% a year ago. SoftBank’s own IRR for the fund is 39%, while its IRR for the second Vision Fund is 119%.SoftBank also boosted the capital committed to its Vision Fund 2 to $30 billion, up from $20 billion.Son’s controversial program of trading options cost him during the quarter. The company posted a 33 billion yen derivatives loss in the period. While the overall profit in the asset management arm was 46 billion yen in the period, the business still posted a full-year loss of 67 billion yen.SoftBank held a total of $19.9 billion of “highly liquid” securities as of the end of quarter, including a $6.2 billion investment in Amazon.com Inc., $3.2 billion in Facebook Inc. and $1 billion in Microsoft Corp. The operation is managed by its asset management subsidiary SB Northstar, where Son personally holds a 33% stake.The investments were accompanied by derivatives that amplified exposure, a strategy that triggered a backlash from investors. The fair value of SoftBank’s futures and options positions came to $1.6 billion at the end of March, compared with little over $1 billion the previous quarter and $2.7 billion the one before. Long call options on listed stocks have dwindled to $1.6 billion from $4.69 billion half a year ago and short call options on listed stocks declined to $84 million from $1.26 billion of value.During his presentation in Tokyo, Son admitted to mistakes with startups, naming specifically WeWork, Greensill and Katerra. But he argued that SoftBank’s successes have more than made up for such missteps. He said his attitude hasn’t changed that much from a record loss a year ago to a record profit now.“I’m not overjoyed or depressed so easily, just stay calm,” he saidFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Not for distribution to U.S. news wire services or dissemination in the United States. Vancouver, British Columbia, May 12, 2021 (GLOBE NEWSWIRE) -- St. James Gold Corp. (the “Company”) (TSXV: LORD) (OTCQB: LRDJF) (FSE: BVU3) is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. as lead agent (the “Lead Agent”) and on behalf of a syndicate of agents (together with the Lead Agent, the “Agents”) in connection with a commercially reasonable efforts brokered private placement of up to 2,170,000 units of the Company (each, a “Unit”) at a price of $3.00 per Unit for aggregate gross proceeds to the Company of up to $6,510,000 (the “Offering”). Each Unit will be comprised of one common share in the capital of the Company (each, a “Common Share”) and one Common Share purchase warrant (each, a “Warrant”), with each Warrant entitling the holder thereof to purchase one additional Common Share at an exercise price of $3.90 for a period of three (3) years from the Closing Date (as defined below). The Company has granted the Agents an option (the “Agents’ Option”), exercisable in whole or in part, at any time prior to the Closing Date, to increase the size of the Offering by up to 500,000 Units to raise additional gross proceeds of up to $1,500,000. The Offering will be conducted pursuant to the terms of an agency agreement to be entered into between the Company and the Agents on or prior to the Closing Date. The Company has agreed to pay the Agents a cash fee equal to 6.0% of the gross proceeds of the Offering and to issue that number of broker warrants equal to 6.0% of the number of Units sold under the Offering (each a “Broker Warrant”). Each Broker Warrant will be exercisable to purchase one Unit for a period of three (3) years from the Closing Date at an exercise price of $3.00. In addition, the Company has agreed to pay the Lead Agent a corporate finance fee payable in Units and equal to 2.0% of the number of Units sold under the Offering. The Company intends to use the net proceeds of the Offering to close the initial payment on the Florin Gold Project acquisition, conduct drilling on the Company’s Florin Gold Project and Newfoundland properties and for general corporate purposes. The Offering will be conducted in all provinces of Canada and in the United States pursuant to private placement exemptions and in such other jurisdictions as are agreed to by the Company and the Lead Agent. The closing of the Offering is subject to, among other things, the receipt of all necessary approvals from the TSX Venture Exchange (the “TSXV”). Closing of the Offering will occur on a date to be agreed to by the Company and the Lead Agent (the “Closing Date”). Pursuant to applicable Canadian securities laws, all securities issued and issuable in connection with the Offering will be subject to a four (4) month hold period commencing on the Closing Date. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities to be offered have not been, and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or under any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons, absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. About St James Gold Corp. St. James Gold Corp. is a publicly traded company listed on the TSXV under the trading symbol “LORD”, in the U.S. Market listed on the OTCQB under the trading symbol “LRDJF” and on the Frankfurt Stock Exchange under the trading symbol “BVU3”. The Company is focused on creating shareholder value through the discovery and development of economic mineral deposits by acquiring prospective exploration projects with well delineated geological theories, integrating all available geological, geochemical and geophysical datasets, and funding efficient exploration programs. The Company currently holds both an option to acquire a 100% interest in 29 claims covering 1,791 acres in the Gander gold district in north-central Newfoundland adjacent to New Found Gold Corp.’s Queensway North project, and an option to acquire a 100% interest in 28 claims covering 1,730 acres in central Newfoundland adjacent to Marathon Gold’s Valentine Lake property. The Company also announced an Option and Joint Venture Agreement dated April 1, 2021 to acquire up to a 100% interest in the Florin Gold Project, covering nearly 22,000 contiguous acres in the historic Tintina Gold Belt in the Yukon Territory. This acquisition remains subject to TSXV approval. For more corporate information please visit: http://stjamesgold.com/ George Drazenovic, CPA, CGA, MBA, CFA St. James Gold Corp.For further information, please contact:George Drazenovic, Chief Executive OfficerTel: 1 (800) 278-2152Email: firstname.lastname@example.org Forward Looking Statements This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities laws (collectively, “forward-looking statements”). Forward-looking statements in this news release relate to, among other things: the completion of the Offering, the timing and size of the Offering, the timing and receipt of approval from the TSXV; the expected use of the net proceeds of the Offering, the anticipated Closing Date of the Offering and all other statements that are not historical facts, particularly statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance of the Company. Often, but not always, forward-looking statements can be identified through the use of words or phrases such as “will likely result”, “are expected to”, “expects”, “will continue”, “is anticipated”, “anticipates”, “believes”, “estimated”, “intends”, “plans”, “forecast”, “projection”, “strategy”, “objective” and “outlook”. Forward-looking statements contained in this news release are made based on reasonable estimates and assumptions made by management of the Company at the relevant time in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that are believed to be appropriate and reasonable in the circumstances. Forward-looking statements contained in this news release are made as of the date of this news release and the Company will not update any such forward-looking statements as a result of new information or if management’s beliefs, estimates, assumptions or opinions change, except as required by law. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors, many of which are beyond the Company’s control, which could cause actual results, performance, achievements and events to differ materially from those that are disclosed in or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to, the impact and progression of the COVID-19 pandemic and other factors outlined in the Company’s publicly filed documents under the Company’s profile on the System for Electronic Documents Analysis and Retrieval (“SEDAR”) at www.sedar.com. The Company cautions that the list of risk factors and uncertainties described in its publicly filed documents on SEDAR is not exhaustive and other factors could materially affect its results. New factors emerge from time to time, and it is not possible for the Company to consider all of them, or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement. NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This week, a new piece of legislation in B.C. aimed at improving accessibility for those with disabilities will go through a second reading. If passed, the accessible British Columbia Act will remove barriers and create accessibility standards throughout the province, which according to the B.C. government, would help 900,000 British Columbians. Lisa Anderson, who is part of the B.C. Deaf Accessibility Caucus and helped work on the legislation, said the deaf community doesn't identify as disabled, but would like to be recognized as a cultural linguistic group. "We don't refer to ourselves as people with a disability, but people with a specific linguistic and cultural identity," she told All Points West host Kathryn Marlow, with the help of an American Sign Language interpreter. Accessibility, Anderson said, means having interpretation services to allow for communication. Anderson, 50, was born deaf. To illustrate her case, she points to a situation that arose when she was 18 years old, after she broke her teeth in a skiing accident. She had to go to several dental appointments, none of which made an interpreter available. As a result, she says she was unaware of her dental issues and other factors that affected her well-being. "For mental health and for health, access to interpretation is absolutely essential," she explained. Pandemic shines light on challenges The COVID-19 pandemic has shone a light on some of the challenges faced by the deaf, deaf and blind, and hard of hearing community, particularly when it comes to wearing masks and trying to communicate through plexiglass. Sign language interpreter Kristi Falconer hopes that will encourage lawmakers to push the legislation through. "What it has done is allowed people to, if you will, sort of have a slight moment of immersion into the barriers that many hard of hearing and deaf individuals have every day," said Falconer, who is also the manager of communication services at Island Deaf and Hard of Hearing Centre. ASL interpreter Nigel Howard, right, is seen at a coronavirus press conference alongside B.C.'s Provincial Medical Health Officer Dr. Bonnie Henry and Adrian Dix, the province's health minister, on March 17, 2020.(CPAC) Seeing interpreters as part of COVID-19 briefings has also made people more aware of those communication barriers, Falconer said, adding that making interpretation services commonplace is key in creating inclusion. 'Scarce' employment opportunities Until recently, Anderson was living and working in Ottawa. She lost her job due to COVID-19, and moved home to Victoria to be with her parents. "As a deaf person, it is really not easy to find employment," Anderson said. "The opportunities are very, very scarce. And it's about do people understand what deaf people can do? Are they willing to give us a chance to hire us? Typically not." When she lost her job, she had to access CERB, which, while helpful, she found difficult to navigate as a deaf person; she described the video relay service as "cumbersome" and "frustrating." Eventually, Anderson did find work, but she had to move to Vancouver. "It's very challenging to try to sell yourself to employers as a good employee. And we, like everybody else, we have to earn money. We have to pay our bills. We have to survive." Education Anderson said education is key, especially for non-deaf parents who have a deaf child. "Those parents need the right information right from the start, they need to get on board with providing accessible language acquisition for their deaf children," she said. That means making sure they have strong sign language skills from a young age. "We don't hear, but our lives are very similar to yours," Anderson said. "The only time we encounter barriers to what we can do is when it's about communication and language, and so that is what we're asking for when it comes to accessibility, interpreting services, intervenor services and just to see more and more aspects of society offered and made accessible through interpreting and intervening. "Please include us." Read a transcription of the All Points West interview with Lisa Anderson and Kristi Falconer below:
Electric car maker Tesla will stop accepting Bitcoin as a payment, CEO Elon Musk tweeted on Wednesday, citing environmental concerns. “We are concerned about rapid increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel,” Musk said on Twitter. He added that cryptocurrency is a “good idea on many levels” but its promise cannot come at a “great cost to the environment." Tesla, he added, won't be selling any of the Bitcoin it owns. The price of bitcoin fell about 5% to $51,847 after Musk's comments on Twitter. Tesla's stock finished Wednesday down 4.4%. Tesla said in February that it had invested around $1.5 billion in Bitcoin and it planned to begin accepting the digital currency as payment “soon." The fair market value of Tesla's Bitcoin holdings as of March 31 was $2.48 billion, according to securities filings. Bitcoin relies on computers, which rely on electricity, to exist. The number of computers and the energy needed to power them is rising — the growing value of bitcoin is directly tied to the amount of energy it uses. Bitcoin miners unlock bitcoins by solving complex, unique puzzles. As the value of bitcoin goes up, the puzzles become increasingly more difficult, and it requires more computer power to solve them. Estimates on how much energy Bitcoin uses vary. A 2019 study by researchers at the Technical University of Munich and the Massachusetts Institute of Technology concluded that, in late 2018, the entire bitcoin network was responsible for up to 22.9 million tons of CO2 per year — similar to a large Western city or an entire developing country like Sri Lanka. Total global emissions of the greenhouse gas from the burning of fossil fuels were about 37 billion tons last year. Palo Alto,Calif., The Associated Press
Tesla had previously purchased billions of dollars worth of the cryptocurrency
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