WASHINGTON >> President-elect Donald Trump said today the Republican Party “will use its best efforts” to end daylight saving time, which he called “inconvenient, and very costly to our Nation.” “The Republican Party will use its best efforts to eliminate Daylight Saving Time, which has a small but strong constituency, but shouldn’t!” Trump said on social media. “Daylight Saving Time is inconvenient, and very costly to our Nation.” Daylight saving time — putting the clocks forward one hour during the summer half of the year to make the most of the longer evenings — has been in place in nearly all of the United States since the 1960s, but has been a topic of debate in recent years. Some lawmakers want to stay on standard time year-round, more are on record calling for remaining on daylight saving time all year, while others want to keep the status quo. President Joe Biden never took a public position on the issue. In March 2022, the U.S. Senate voted unanimously to make daylight saving time permanent but the effort stalled in the House after lawmakers said they could not reach consensus. A bipartisan group of senators in March made a new push to make daylight saving time permanent. Supporters of remaining on daylight saving time argue it would lead to brighter afternoons and evenings and more economic activity during the winter months. Critics say it would force children to walk to school in darkness, since the measure would delay sunrise by an hour. Proponents of eliminating daylight saving time altogether say the twice-annual changing of clocks causes sleep disturbance and health issues. Congress has not held any new hearings on the issue for more than two years and the Senate would need to take up the issue again. Year-round daylight saving time was used during World War Two and adopted again in 1973 in a bid to reduce energy use because of an oil embargo, but was unpopular and was repealed a year later. Since 2015, about 30 states have introduced or passed legislation to end the twice-yearly changing of clocks, with some states proposing to do it only if neighboring states do the same.Sip, savor and stay sober with mocktails this holiday season
Replica enables Fortune 100 financial, business and healthcare institutions and Federal agencies such as the US Army and Defense Innovation Unit to securely engage in high risk cyber activities without compromising productivity. FALLS CHURCH, Va. , Nov. 21, 2024 /PRNewswire/ -- Grey Market Labs (dba Replica Cyber ), a pioneering leader in cybersecurity solutions, proudly announces it has secured $8M in Series A funding led by Capri Ventures, with participation from Blu Ventures and AFG to accelerate adoption of its groundbreaking platform - Replica. This strategic investment will enable the company to advance its mission of delivering Secure Environments-as-a-Service, bringing unparalleled privacy and security in an increasingly vulnerable digital landscape. With this round, Andy Brown , CEO of SandHill East , former CTO of UBS, and current board member of ZScaler and PureStorage, will be joining the Board of Directors as will Dennis Shaya , Partner at Capri Ventures. In addition, Don Duet , Former Head of Technology at Goldman Sachs, and Tim Estes , founder of Angel Kids AI and former CEO at Digital Reasoning, will be joining the advisory board, complementing an already strong team including: Christopher Caine (CEO – Mercator XXI), Gary Cubbage (fmr. EVP – Booz Allen Hamilton ), Nick Donofrio (fmr. EVP Innovation – IBM), Todd Helfrich (VP Federal – Censys). The Replica platform offers Secure Environments-as-a-Service, revolutionizing how organizations protect and enable high risk activities. This includes targeting Russian misinformation campaigns in Ukraine , safe testing of new tech with proprietary data, disrupting financial scams and fraud aimed at seniors, and identifying and mitigating insider threats within organizations, among other scenarios. By integrating patented technology, intelligence tradecraft, and Zero Trust architecture, Replica quickly creates realistic IT environments that encompass hardware, operating systems, applications, networks, and data layers. This innovative solution not only protects user and organizational privacy but also delivers the data, tools and workflows needed for users to be productive in their most sensitive work. Kristopher Schroeder , CEO of Grey Market Labs, emphasized the significance of this funding round: "Replica is the culmination of over 20 years of experience in embedded tradecraft, intelligence operations, and cutting edge software. Our engineering team, with extensive backgrounds in offensive and defensive cyber warfare, has developed a product that is comprehensive with the protection and efficiency needed for today's enterprises and their users." Schroeder goes on to say, "This funding will allow Grey Marketing Labs to accelerate our vision to deliver even more impactful solutions for our customers." Capri Ventures, the lead investor in this funding round, expressed their excitement about partnering with Replica. "We are thrilled to support Grey Market Labs in their mission to redefine cybersecurity with the Replica platform," said Dennis Shaya , Partner with Capri Ventures. "Their innovative approach and deep expertise position them as a frontrunner in the industry, especially financial services, and we believe this partnership will drive significant advancements in digital privacy and security." Available as both a SaaS product and a hosted service, Replica enables secure work even in a global ecosystem, while reducing burden on the IT organization. The platform's flexible architecture supports rapid deployments (noted as some of the fastest in Financial Services), continuous updates, and seamless integration with existing enterprise services, including single-sign-on, proxies, and data governance. Additionally, Replica offers rich audit and reporting functionalities to ensure compliance with regulatory standards and provide the critical observability needed for leadership. Replica has solved critical problems for major Banks, Health Systems, Global Consulting, and Governments with use cases like: Protected Research (deep/dark web, social, automated collects, OSINT), Isolating Acquired (M&A) tech and activities, Advanced Sandboxing for Malware/ Unknown Files , Complex Training Environments, Enabling Fraud /Cyber Investigations, Secure DevOps with Data Controls, Intellectual Property Sharing and Protection, and more. With this new round of funding, Replica is poised to expand its value to customers, enhance its offerings, and further solidify its position as a leader redefining how to protect and enable high-risk activities. For more information about Replica, please visit ReplicaCyber.com . About Grey Market Labs Founded as Grey Market Labs® (dba Replica Cyber ), a Certified B-Corp with the mission to protect life online. Our work protecting the United States from foreign intelligence evolved to the creation of ReplicaTM, the world's first Secure Environments-as-a-Service platform. This patented SaaS platform simplifies creation of comprehensive hybrid-computing systems, delivering privacy and security while giving control to business users and reducing the burden on IT by 99.73%. We have solved critical problems for major Banks, Health Systems, Global Consulting, and Governments with use cases like: Protected Research (deep/dark web, social, automated collects, OSINT), Isolating Acquired (M&A) tech and activities, Advanced Sandboxing for Malware/ Unknown Files , Complex Training Environments, Enabling Fraud /Cyber Investigations, Secure DevOps with Data Controls, and more. For anyone that has tried to build complex, secure systems and platforms - Replica replaces this expensive work with the automation of secure environments. About Capri Ventures Capri Ventures is an early stage venture capital firm focused on Enterprise Technology. The team is composed of former software executives and leaders from Fortune 500 enterprises, bringing significant resources early in a company's lifecycle to help drive commercialization and market adoption. About AFG Partners AFG Partners < https://www.afgvc.com/ > is an Asian-based VC fund investing in B2B fintech and enabling tech startups addressing the critical needs of financial institutions and corporates globally, particularly in Asia . A core part of the strategy is to invest and help companies in Europe and the US who are interested in expanding across Asia via our network of LPs and ecosystem partners. Previous investments of the principals include N26, Unit, Blockdaemon, Airbnb, Transferwise, Gocardless and Wefox amongst others. About Blu Ventures Blu Ventures, a venture capital firmed based in Washington, DC , provides strategic funding and expert guidance in Seed to Series A companies in cybersecurity, healthtech, and B2B software startups. Blu leverages the deep domain expertise of its partners—all former operators with extensive industry experience—to empower visionary entrepreneurs. Learn more at www.bluventureinvestors.com View original content to download multimedia: https://www.prnewswire.com/news-releases/grey-market-labs-announces-8m-series-a-funding-led-by-capri-ventures-to-accelerate-growth-of-its-replica-platform---first-of-its-kind-secure-environment-as-a-service-302313584.html SOURCE Grey Market LabsStock market today: Dow logs 7-day losing streak as stocks wobble, yields jump before Fed meeting
WASHINGTON >> President-elect Donald Trump said today the Republican Party “will use its best efforts” to end daylight saving time, which he called “inconvenient, and very costly to our Nation.” “The Republican Party will use its best efforts to eliminate Daylight Saving Time, which has a small but strong constituency, but shouldn’t!” Trump said on social media. “Daylight Saving Time is inconvenient, and very costly to our Nation.” Daylight saving time — putting the clocks forward one hour during the summer half of the year to make the most of the longer evenings — has been in place in nearly all of the United States since the 1960s, but has been a topic of debate in recent years. Some lawmakers want to stay on standard time year-round, more are on record calling for remaining on daylight saving time all year, while others want to keep the status quo. President Joe Biden never took a public position on the issue. In March 2022, the U.S. Senate voted unanimously to make daylight saving time permanent but the effort stalled in the House after lawmakers said they could not reach consensus. A bipartisan group of senators in March made a new push to make daylight saving time permanent. Supporters of remaining on daylight saving time argue it would lead to brighter afternoons and evenings and more economic activity during the winter months. Critics say it would force children to walk to school in darkness, since the measure would delay sunrise by an hour. Proponents of eliminating daylight saving time altogether say the twice-annual changing of clocks causes sleep disturbance and health issues. Congress has not held any new hearings on the issue for more than two years and the Senate would need to take up the issue again. Year-round daylight saving time was used during World War Two and adopted again in 1973 in a bid to reduce energy use because of an oil embargo, but was unpopular and was repealed a year later. Since 2015, about 30 states have introduced or passed legislation to end the twice-yearly changing of clocks, with some states proposing to do it only if neighboring states do the same.
Combination brings emerging leader in Italian natural gas and renewable natural gas to public markets Shares of AleAnna, Inc. to begin trading on Nasdaq on December 16 under the ticker symbol “ANNA” AleAnna stands on the cusp of a major milestone, with the first phase of natural gas production from the Longanesi Field projected to commence in Q1 2025 DALLAS and VANCOUVER, British Columbia and ROME, Dec. 13, 2024 (GLOBE NEWSWIRE) -- AleAnna, Inc. (together with its subsidiaries, “AleAnna” or the “Company”), an emerging leader in Italy’s energy landscape, announced the completion of the previously announced business combination (the “Business Combination”) between Swiftmerge Acquisition Corp. (NASDAQ: IVCP) (“Swiftmerge”), a special purpose acquisition company, and AleAnna Energy, LLC (“AleAnna Energy”). Concurrent with the completion of the Business Combination, Swiftmerge has changed its name to AleAnna, Inc. Commencing at the open of trading on December 16, 2024, the Class A shares of common stock and warrants of AleAnna are expected to begin trading on the NASDAQ Capital Market under the ticker symbols “ANNA” and “ANNAW”, respectively. The transaction was unanimously approved by the Board of Directors of Swiftmerge and was approved at an extraordinary general meeting (the “Shareholders Meeting”) of Swiftmerge’s shareholders on December 12, 2024. Former equity holders of AleAnna Energy rolled 100% of their equity interests into the combined company. Prior to the execution of the Agreement and Plan of Merger, dated June 6, 2024, AleAnna Energy's equity holders contributed over $60 million in cash, bringing the company's total cumulative investment to nearly $175 million. This infusion of capital enabled the completion of the Longanesi Field tie-in and the acquisition of initial renewable natural gas (“RNG”) assets, both finalized in Q3 2024. Additionally, the investment covered expenses related to the business combination and provided funding for general corporate liquidity. As of the transaction close, AleAnna had approximately $28 million in cash and cash equivalents on its balance sheet and no debt. This disciplined approach to financial management has empowered AleAnna to allocate significant capital to innovative exploration and development projects while preserving financial flexibility. Long History In Developing Resources in Italy AleAnna has a distinguished history in Italy, having been a leader in energy exploration and development for over a decade. Since its founding in 2007, the company has been dedicated to unlocking the significant potential of Italy’s natural gas reserves through the application of cutting-edge seismic imaging and environmentally responsible practices. AleAnna holds one of the largest portfolios of exploration permits and production concessions in Italy, spanning over 2.3 million acres. By combining advanced technology with a deep respect for Italy’s cultural and environmental heritage, AleAnna is expected to play a pivotal role in bolstering the nation’s energy independence and economic growth, earning its reputation as a trusted partner in Italy’s energy future. Positioning itself as a leader in both onshore conventional natural gas and renewable natural gas (RNG) production, AleAnna is at the forefront of building a secure and reliable domestic energy supply for Italy and the broader European market. The company stands on the cusp of a major milestone, with the first phase of natural gas production from the Longanesi Field projected to commence in Q1 2025. Alongside this, additional gas discoveries at Gradizza and Trava, 13 development prospects in various permitting stages, and leases covering approximately 2.3 million net acres underscore AleAnna’s commitment to future exploration and development. AleAnna is also helping drive the European Union's clean energy transition through its innovative approach to RNG. Leveraging the strategic overlap between its conventional and renewable assets in the Po Valley, AleAnna is transforming agricultural waste into renewable energy. With three RNG facilities operational and over 100 additional opportunities identified, AleAnna is poised for significant expansion in this sector. Guided by a commitment to corporate responsibility and a vision for a sustainable future, AleAnna integrates conventional and renewable energy solutions to reduce Europe’s carbon footprint and advance its clean energy objectives. By delivering innovative energy solutions, AleAnna continues to shape Italy’s energy landscape and support the EU’s transition toward a greener future. Experienced Management And Board Of Directors The combined company will be led by William Dirks as Executive Director and Marco Brun as Chief Executive Officer, supported by a seasoned and highly skilled executive team. AleAnna’s leadership team brings extensive expertise gained from top-tier energy companies, including Shell, Eni, and Exxon. This seasoned group combines in-depth knowledge of energy technology, operations, and business development with well-established regulatory and industry networks in Italy. Their collective experience equips AleAnna to effectively navigate the dynamic and rapidly evolving energy landscape. The Board of Directors, which will include Graham van’t Hoff, William Dirks, Marco Brun, Duncan Palmer, and Curtis Hébert, collectively brings a wealth of experience spanning global energy markets, technical and operational expertise, European energy development, financial management, governance, and regulatory policy. This diverse set of skills and perspectives ensures comprehensive strategic oversight and positions AleAnna for sustained growth and success. With over 15 years of investment and operational experience in Italy, AleAnna has a competitive advantage in securing critical permits and approvals, positioning it ahead of its peers. The company’s approach integrates cutting-edge technologies and industry-leading practices with strategic capital allocation to maximize the value of its conventional and renewable natural gas (RNG) assets. AleAnna is dedicated to sustainable, low-cost growth while maintaining strict capital discipline. By prioritizing innovation, efficiency, and long-term shareholder value, AleAnna is well-positioned to lead the next phase of Italy’s energy transformation. Management Commentary Bill Dirks, Executive Director of AleAnna, commented, “Our investment in state-of-the-art subsurface technology has been a game-changer for AleAnna. By leveraging advanced seismic imaging and cutting-edge data analysis, we have achieved unparalleled accuracy in identifying and developing Italy’s natural gas resources. This technology not only enhances our operational efficiency but also ensures that our exploration and development activities are conducted in an environmentally responsible manner, aligning with our commitment to sustainability and innovation in the energy sector.” Marco Brun, AleAnna’s Chief Executive Officer, added, “We stand at a pivotal moment in AleAnna's journey. As we gear up for production at Longanesi and scale our renewable natural gas (RNG) operations, we are proud to be at the forefront of driving a sustainable energy future. This strategy not only delivers value to AleAnna shareholders but also plays a key role in reshaping the energy landscape for generations to come.” About AleAnna, Inc. AleAnna is an innovative energy company dedicated to unlocking Italy's extensive natural gas reserves and advancing renewable energy solutions to address the country's energy needs and support Europe's sustainability and energy security goals. With a vast portfolio encompassing over 2.3 million acres of potential resources and state-of-the-art technologies, AleAnna is poised to lead Italy's energy transition. Guided by a commitment to environmental responsibility and operational excellence, AleAnna is shaping a sustainable and secure energy future. The company operates regional headquarters in Dallas, TX, and Rome, Italy, serving as strategic hubs for its global and local initiatives. Forward-Looking Statements The information included herein contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Certain statements, other than statements of present or historical fact included herein, regarding the Business Combination, the anticipated benefits of the Business Combination, AleAnna’s future financial performance following the Business Combination, as well as AleAnna’s strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. When used herein, including any statements made in connection herewith, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements. However, not all forward-looking statements contain such identifying words. These forward-looking statements are based on AleAnna management’s current expectations and assumptions about future events. They are based on current information about the outcome and timing of future events. You should not place undue reliance upon any forward-looking statements, which speak only as of the date made. Except as otherwise required by applicable law, AleAnna disclaims any duty to update any forward-looking statements, all expressly qualified by the statements in this section, to reflect events or circumstances after the date hereof. AleAnna cautions you that these forward-looking statements are subject to risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of AleAnna. These risks include, but are not limited to, general economic, financial, legal, political and business conditions and changes in domestic and foreign markets; the ability to recognize the anticipated benefits of the Business Combination and any transactions contemplated thereby, which may be affected by, among other things, competition, the ability of AleAnna to grow and manage growth profitably and retain its management and key employees; AleAnna’s need for additional capital to execute its business plan and support its anticipated growth; costs related to the Business Combination; the risks associated with the growth of AleAnna’s business and the timing of expected business milestones; AleAnna’s ability to identify, develop and operate new projects; the reduction or elimination of government economic incentives to the natural gas market; delays in acquisition, financing, construction and development of new projects; decline in public acceptance and support of renewable energy development and projects; the ability to obtain necessary regulatory and governmental permits and approvals; uncertainty regarding the EU’s clean energy transition, including existing regulations and changes to regulations and policies that affect AleAnna’s operations; the ability to maintain the listing of AleAnna’s securities on a national securities exchange; and the effects of competition on AleAnna’s future business. These forward-looking statements involve significant risks and uncertainties, and should one or more of the risks or uncertainties described herein and in any statements made in connection in addition to these occur, or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. There may be additional risks that AleAnna does not know or that AleAnna currently believes are immaterial that could cause actual results to differ from those contained in the forward-looking statements. Additional information concerning these and other factors that may impact AleAnna’s expectations and projections can be found in filings it makes with the SEC, including the definitive proxy statement/prospectus filed by Swiftmerge and AleAnna Energy with the SEC on November 21, 2024, including those under “Risk Factors” therein, and other documents filed or to be filed with the SEC by AleAnna. SEC filings are available on the SEC’s website at www.sec.gov . Investor Relations Contact For AleAnna, Inc.: Bill Dirks wkdirks@aleannagroup.com
It seems counterintuitive and contradictory to think of an intellectual foundation behind United States President-elect Donald J Trump when he is professedly unintellectual, even anti-intellectual. But make no mistake. Mr Trump is merely a phenomenon. Understanding it reveals his worldview and consequent policy prospects. But doing so requires seeing the Trump phenomenon as it is rather than why and how it is detested by countless millions of us. Indeed, the biggest difficulty when analysing Mr Trump and his second administration is the global disdain he elicits. To be sure, Mr Trump represents a political movement that has been gestating in American politics for several decades. Tellingly, at the Republican Party primaries in 1992, candidate Patrick Buchanan advocated similar positions as compared to Mr Trump against immigration, multiculturalism, abortion, American imperialism, and an excessively regulated state. Proponents of this anti-establishment and insular line of thinking demanded a different socio-political order at home and an alternative paradigm abroad that must no longer be determined by the post-Second World War structure but a post-Cold War reality. To them, after having successfully fought global conflicts on two continents in the 1940s and won the Cold War in the following four decades, an exhausted and overstretched America should come home to repair and recover the domestic front. Underpinning this strand of relative isolationism and abandonment of American imperialism, and disengagement from international obligations is nativism at home. This nativist outlook was fundamentally supportive of social conservatism and opposed to illegal immigration, not xenophobia per se, but a cap on immigrant inflows consistent, for example, with the quota-driven Immigration Act of 1924, which was overturned in 1965, thereby opening the floodgates to non-American outsiders, especially from next-door Mexico and other Latin American countries to the south. By 2004, the famous Harvard political scientist Samuel P Huntington conceptualised and codified this simmering nativism into a book entitled Who Are We?: The Challenges to America's National Identity. More famous for his Clash of Civilizations thesis, Huntington's last book before he passed is less mentioned due to its xenophobic undertones and cultural bias towards Americans who were White Anglo-Saxon Protestant (WASP) -- referred to as "Anglo-Protestant". Yet it is the intellectual basis of sorts behind the movement that has enabled Mr Trump's rise. America was set up by English settlers and should, therefore, not become dominated by an immigrant majority from Mexico and other countries. From the fringe of the Republican Party, nativism has taken 30-odd years to move towards front and centre, spearheaded by an anti-intellectual president who is despised and deplored by establishment centrists and liberals but who sees it as a self-correcting catharsis for national renewal and rejuvenation. Accordingly, Mr Trump's nativist leanings at home and rejection of the established rules-based liberal international order will likely lead to a policy projection abroad pivoting around trade protectionism and economic nationalism on the one hand and relative withdrawal with conditional engagement in foreign and security policy on the other. In practice, this means international trade on America's terms and a strong military that will no longer be the world's policeman. Partners and allies will need to pull their weight as the US's priorities shift wholesale to reclaiming the greatness it lost since the end of the Cold War. By the same logic, rivals and competitors will be confronted and pushed back for having taken advantage of America's post-Cold War weakness when hyper-globalisation and international economic integration allowed them to ascend and challenge American supremacy in an effort to eclipse it. Coming to grips with Trump II requires taking the Trump mantra of "Making America Great Again" seriously and literally. The questions that will frame US economic and security policy prospects will be based on the MAGA mindset: What was America's greatness like? Why, when and how it has been lost? And how to get it back? Trump II's answers to these questions can already be anticipated. Clearly, such greatness existed in the past, perhaps around the 1950s and the end of the Cold War when American primacy was unchallenged. It was somehow eroded and lost in the post-Cold War period. Getting it back means bringing others down while America relatively goes up. The international system, with its rules-based liberal order, has drained American resources. Allies are free-riders, as Trump II thinking goes, that are often geoeconomic competitors while they benefit geopolitically from US support and largess. Economic partners have gained substantially from access to the US's huge market to become major economies in their own right. To regain greatness, the international political and economic system needs to be revamped so that it is rebalanced in America's favour. This is why China will be the top target of Trump II's wrath because the Trump movement views China as a challenger of the worst kind, which has stolen US technology and ripped off Americans by attracting factories and jobs that used to belong to them. China has done all that so shrewdly that it is on the cusp of surpassing the US in economic size and technological prowess. We can, therefore, expect US industrial policies under the outgoing government of President Joe Biden to become outright mercantilism with direct export subsidies, import quotas, and wide-ranging tariffs. Trump II is likely to proceed with its pre-election tariff threats of 60% against Chinese imports and 20% on goods from other countries, not to mention the pledge to levy upwards of 200% duties on imported electric vehicles. Although it might not come up overnight and perhaps not as high as feared, the Trump II tariff wall will be erected to a height not seen in recent memory. That Mr Trump is despised worldwide is natural because he is fundamentally anti-establishment, both at home and abroad. In US domestic politics, he is contesting American national identity that is being overwhelmed by continuous waves of immigration from Mexico and other Latin American countries. Internationally, Mr Trump is against the established institutional architecture of power, how authority has been exercised, and by whom. He is the antithesis of our understanding of the international system and how it works because he wants to cleanse it in the US's favour. That he won the US presidential poll in 2016 and again eight years later with an even more decisive margin should behove outsiders to be aware that people in America want to change at home and abroad. Thitinan Pongsudhirak, on leave from Chulalongkorn University's Faculty of Political Science, is a visiting professor at the London School of Economics.
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By JUAN A. LOZANO, Associated Press HOUSTON (AP) — An elaborate parody appears to be behind an effort to resurrect Enron, the Houston-based energy company that exemplified the worst in American corporate fraud and greed after it went bankrupt in 2001. If its return is comedic, some former employees who lost everything in Enron’s collapse aren’t laughing. “It’s a pretty sick joke and it disparages the people that did work there. And why would you want to even bring it back up again?” said former Enron employee Diana Peters, who represented workers in the company’s bankruptcy proceedings. Here’s what to know about the history of Enron and the purported effort to bring it back. What happened at Enron? Once the nation’s seventh-largest company, Enron filed for bankruptcy protection on Dec. 2, 2001, after years of accounting tricks could no longer hide billions of dollars in debt or make failing ventures appear profitable. The energy company’s collapse put more than 5,000 people out of work, wiped out more than $2 billion in employee pensions and rendered $60 billion in Enron stock worthless. Its aftershocks were felt throughout the energy sector. Twenty-four Enron executives , including former CEO Jeffrey Skilling , were eventually convicted for their roles in the fraud. Enron founder Ken Lay’s convictions were vacated after he died of heart disease following his 2006 trial. Is Enron coming back? On Monday — the 23rd anniversary of the bankruptcy filing — a company representing itself as Enron announced in a news release that it was relaunching as a “company dedicated to solving the global energy crisis.” It also posted a video on social media, advertised on at least one Houston billboard and a took out a full-page ad in the Houston Chronicle In the minute-long video that was full of generic corporate jargon, the company talks about “growth” and “rebirth.” It ends with the words, “We’re back. Can we talk?” Enron’s new website features a company store, where various items featuring the brand’s tilted “E” logo are for sale, including a $118 hoodie. In an email, company spokesperson Will Chabot said the new Enron was not doing any interviews yet, but that “We’ll have more to share soon.” Signs point to the comeback being a joke. In the “terms of use and conditions of sale” on the company’s website, it says “the information on the website about Enron is First Amendment protected parody, represents performance art, and is for entertainment purposes only.” Documents filed with the U.S. Patent and Trademark Office show that College Company, an Arkansas-based LLC, owns the Enron trademark. The co-founder of College Company is Connor Gaydos, who helped create a joke conspiracy theory that claims all birds are actually surveillance drones for the government. What do former Enron employees think of the company’s return? Peters said that since learning about the “relaunch” of Enron, she has spoken with several other former employees and they are also upset by it. She said the apparent stunt was “in poor taste.” “If it’s a joke, it’s rude, extremely rude. And I hope that they realize it and apologize to all of the Enron employees,” Peters said. Peters, who is 74 years old, said she is still working in information technology because “I lost everything in Enron, and so my Social Security doesn’t always take care of things I need done.” “Enron’s downfall taught us critical lessons about corporate ethics, accountability, and the consequences of unchecked ambition. Enron’s legacy was the employees in the trenches. Leave Enron buried,” she said. Follow Juan A. Lozano on X at https://x.com/juanlozano70Column: GOP and Musk unveil a threat to Social Security
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The New York Giants entered the Week 11 bye with a glimpse of optimism along the offensive line. Right tackle Evan Neal made his 2024 starting debut against the Carolina Panthers and played well, pushing Jermaine Eluemunor to the blindside. It was the best New York’s tackle duo had looked since left tackle Andrew Thomas went down against the Cincinnati Bengals. The dream did not last long. Neal was unspectacular in Week 12, but far from the biggest problem from the Giants ’ 30-7 loss to the Tampa Bay Buccaneers. © Chris Pedota, NorthJersey.com / USA TODAY NETWORK Among the issues was Eluemunor leaving just four plays into the game with a quad injury. Both appeared on New York’s injury report ahead of Week 13’s Thanksgiving clash with the Dallas Cowboys. DID NOT PARTICIPATE LIMITED It’s worth noting that Monday’s practice was a walkthrough, so the designations are merely a projection. Even so, the thought of being without another starting lineman should scare the lights out of the New York faithful. The Giants offense has struggled immensely in recent weeks, largely due to the poor play of quarterbacks Daniel Jones and Tommy DeVito. But lapses in pass protection have only made those issues worse. Related: 'Soft' Giants Surrender vs. Buccaneers Both passers struggle to deal with pressure, and DeVito wasn’t functional while under duress on Sunday. As a result, receiver Malik Nabers left the first half without a target and the Giants entered the break without a score – not much of a coincidence. Losing either lineman spells trouble with Cowboys edge rusher Micah Parsons looming on Thursday. The interior didn’t compensate for the tackles’ woes, either. New York isn’t at its healthiest, with several contributors banged up after the blowout loss. Ojulari could miss the contest, and the Giants look poised for a patented short-week performance. DeVito, notably, didn’t join his peers on the injury report, despite missing a snap and taking several big hits. He’s in line to start on Thursday, making the collective fate of Eluemunor and Neal all the more important. Related: WATCH: Baker Goes Viral for Mocking 'Tommy Cutlets'None
NEW YORK — Same iconic statue, very different race. With two-way star Travis Hunter of Colorado and Boise State running back Ashton Jeanty leading the field, these certainly aren't your typical Heisman Trophy contenders. Sure, veteran quarterbacks Dillon Gabriel from top-ranked Oregon and Cam Ward of No. 15 Miami are finalists for college football's most prestigious award as well, but the 90th annual ceremony coming up Saturday night at Lincoln Center in New York City offers a fresh flavor this year. To start with, none of the four are from the powerhouse Southeastern Conference, which has produced four of the past five Heisman winners — two each from Alabama and LSU. Jeanty, who played his home games for a Group of Five team on that peculiar blue turf in Idaho more than 2,100 miles from Manhattan, is the first running back even invited to the Heisman party since 2017. After leading the country with 2,497 yards rushing and 29 touchdowns, he joined quarterback Kellen Moore (2010) as the only Boise State players to be named a finalist. "The running back position has been overlooked for a while now," said Jeanty, who plans to enter the 2025 NFL draft. "There's been a lot of great running backs before me that should have been here in New York, so to kind of carry on the legacy of the running back position I think is great. ... I feel as if I'm representing the whole position." With the votes already in, all four finalists spent Friday conducting interviews and sightseeing in the Big Apple. They were given custom, commemorative watches to mark their achievement. "I'm not a watch guy, but I like it," said Hunter, flashing a smile. The players also took photos beneath the massive billboards in Times Square and later posed with the famous Heisman Trophy, handed out since 1935 to the nation's most outstanding performer. Hunter, the heavy favorite, made sure not to touch it yet. A dominant player on both offense and defense who rarely comes off the field, the wide receiver/cornerback is a throwback to generations gone by and the first full-time, true two-way star in decades. On offense, he had 92 catches for 1,152 yards and 14 touchdowns this season to help the 20th-ranked Buffaloes (9-3) earn their first bowl bid in four years. On defense, he made four interceptions, broke up 11 passes and forced a critical fumble that secured an overtime victory against Baylor. Hunter played 688 defensive snaps and 672 more on offense — the only Power Four conference player with 30-plus snaps on both sides of the ball, according to Colorado research. Call him college football's answer to baseball unicorn Shohei Ohtani. "I think I laid the ground for more people to come in and go two ways," Hunter said. "It starts with your mindset. If you believe you can do it, then you'll be able to do it. And also, I do a lot of treatment. I keep up with my body. I get a lot of recovery." Hunter is Colorado's first Heisman finalist in 30 years. The junior from Suwanee, Georgia, followed flashy coach Deion Sanders from Jackson State, an HBCU that plays in the lower level FCS, to the Rocky Mountains and has already racked up a staggering combination of accolades this week, including The Associated Press player of the year. Hunter also won the Walter Camp Award as national player of the year, along with the Chuck Bednarik Award as the top defensive player and the Biletnikoff Award for best wide receiver. "It just goes to show that I did what I had to do," Hunter said. Next, he'd like to polish off his impressive hardware collection by becoming the second Heisman Trophy recipient in Buffaloes history, after late running back Rashaan Salaam in 1994. "I worked so hard for this moment, so securing the Heisman definitely would set my legacy in college football," Hunter said. "Being here now is like a dream come true." Jeanty carried No. 8 Boise State (12-1) to a Mountain West Conference championship that landed the Broncos the third seed in this year's College Football Playoff. They have a first-round bye before facing the SMU-Penn State winner in the Fiesta Bowl quarterfinal on New Year's Eve. The 5-foot-9, 215-pound junior from Jacksonville, Florida, won the Maxwell Award as college football's top player and the Doak Walker Award for best running back. Jeanty has five touchdown runs of at least 70 yards and has rushed for the fourth-most yards in a season in FBS history — topping the total of 115 teams this year. He needs 132 yards to break the FBS record set by Heisman Trophy winner Barry Sanders at Oklahoma State in 1988. In a pass-happy era, however, Jeanty is trying to become the first running back to win the Heisman Trophy since Derrick Henry for Alabama nine years ago. In fact, quarterbacks have snagged the prize all but four times this century. Gabriel, an Oklahoma transfer, led Oregon (13-0) to a Big Ten title in its first season in the league and the No. 1 seed in the College Football Playoff. The steady senior from Hawaii passed for 3,558 yards and 28 touchdowns with six interceptions. His 73.2% completion rate ranks second in the nation, and he's attempting to join quarterback Marcus Mariota (2014) as Ducks players to win the Heisman Trophy. "I think all the memories start to roll back in your mind," Gabriel said. Ward threw for 4,123 yards and led the nation with a school-record 36 touchdown passes for the high-scoring Hurricanes (10-2) after transferring from Washington State. The senior from West Columbia, Texas, won the Davey O'Brien National Quarterback of the Year award and is looking to join QBs Vinny Testaverde (1986) and Gino Torretta (1992) as Miami players to go home with the Heisman. "I just think there's a recklessness that you have to play with at the quarterback position," Ward said.MEDIROM Healthcare Technology‘s Subsidiary, MEDIROM MOTHER Labs, Raises an Aggregate Total of ...Colorado U.S. Rep. Lauren Boebert broke new ground over the weekend when she became the first sitting member of Congress to offer personalized messages for sale — starting at $250 — through the video platform Cameo . The Windsor Republican, who won election to a new congressional seat this month after moving across the state, started the account Saturday. The website allows customers to buy personalized video messages from celebrities. On Monday morning, Boebert advertised her messages starting at $250, though she stopped taking requests by 10:45 a.m. mountain time. And by 5:30 p.m., her Cameo page appeared to have been shut down. Her office declined to comment Monday. “Whether you or someone you know needs an America-first pep talk, if you want to surprise friends or family with a message for a special day, or if you just want to know my thoughts on whatever’s on your mind, Cameo is the place to connect with me,” Boebert said in the introductory video posted on the now-inactive profile. Brandon Kazimer, a Cameo spokesperson, confirmed that the account belonged to Boebert. Kazimer said she was the first sitting member of Congress to sign up for the service as talent. At least two other former members of Congress, George Santos of New York and Matt Gaetz of Florida, have sold videos on the platform. Santos joined Cameo soon after he was expelled from Congress last year over allegations he exploited office for personal financial gain. Gaetz, who is a friend of Boebert’s, joined the service Friday, days after he withdrew his nomination by President-elect Donald Trump to be the U.S. attorney general following allegations that he paid a teenage girl for sex. Boebert does not appear to have advertised the service on her other social media accounts on X or Facebook. Congressional rules will limit how much Boebert can earn from the videos. In 2023, members were limited to making $31,815 in outside income beyond their annual $174,000 salaries. She would have to report any earnings from Cameo on her annual disclosures. The law also prohibits people from using their public office to make outside money, said Kedric Payne, a vice president and senior director of ethics for the Campaign Legal Center. Ultimately, the restriction is meant to give voters confidence that elected officials aren’t using public office for personal gain — or putting that gain ahead of their public service. Boebert described herself on Cameo as “Not your typical Colorado Republican politician. Jesus loving, Constitutionalist, America first, freedom fighter.” An earlier version of her Cameo page listed Boebert as a politician and categorized her as a political commentator, but it was updated to list her under the influencers category. Because she didn’t use her title or appear to use other facets of her public job for the videos, such as filming in her congressional office, “that should take away any concern she’s trying to use her public job for personal gain,” Payne said. He added that the limit on outside income also anticipates these kinds of problems by limiting the incentive for members to spend more effort on outside business ventures than their public service. But, he noted, people can cross that line quickly if it’s not clear if they’re acting in their public or private capacity. The earned income that’s subject to the annual cap is considered separate from passive income made through things like stock market investments, Payne said, because it is actively made by selling goods and services. “We’ll be watching to see if this becomes a trend,” Payne said of the Cameo side work. “If this is just a one-off where someone does this for a month or so, that’s one thing — but if it becomes a trend, where members of Congress are trying to act as influencers and get paid, that could point to a bigger problem.” Stay up-to-date with Colorado Politics by signing up for our weekly newsletter, The Spot.
Is he a hero? A killer? Both? About the same time the #FreeLuigi memes featuring the mustachioed plumber from “Super Mario Brothers” mushroomed online, commenters shared memes showing Tony Soprano pronouncing Luigi Mangione , the man charged with murdering the UnitedHealthcare CEO in Manhattan , a hero. There were posts lionizing Mangione’s physique and appearance, the ones speculating about who could play him on “Saturday Night Live,” and the ones denouncing and even threatening people at a Pennsylvania McDonald’s for spotting him and calling police. It was all too much for Pennsylvania's governor, a rising Democrat who was nearly the vice presidential nominee this year. Josh Shapiro — dealing with a case somewhere else that happened to land in his lap — decried what he saw as growing support for “vigilante justice.” The curious case of Brian Thompson and Luigi Mangione captivated and polarized a media-saturated nation. It also offers a glimpse into how, in a connected world, so many different aspects of modern American life can be surreally linked — from public violence to politics, from health care to humor (or attempts at it) . It summons a question, too: How can so many people consider someone a hero when the rules that govern American society — the laws — are treating him as the complete opposite? Luigi Mangione, a suspect in the fatal shooting of UnitedHealthcare CEO Brian Thompson, on Monday at the police station in Altoona, Pa. Writings found in Mangione's possession hinted at a vague hatred of corporate greed and an expression of anger toward “parasitic” health insurance companies. Bullets recovered from the crime scene had the words “deny,” “defend” and “depose,” reflecting words used by insurance industry critics, written on them. A number of online posts combine an apparent disdain for health insurers — with no mention of the loss of life. “He took action against private health insurance corporations is what he did. he was a brave italian martyr. in this house, luigi mangione is a hero, end of story!” one anonymous person said in a post on X that has nearly 2 million views. On Monday, Shapiro took issue with comments like those. It was an extraordinary moment that he tumbled into simply because Mangione was apprehended in Pennsylvania. Shapiro's comments — pointed, impassioned and, inevitably, political — yanked the conversation unfolding on so many people's phone screens into real life. “We do not kill people in cold blood to resolve policy differences or express a viewpoint,” the governor said. “In a civil society, we are all less safe when ideologues engage in vigilante justice.” But to hear some of his fellow citizens tell it, that's not the case at all. Like Bonnie and Clyde, John Dillinger, D.B. Cooper and other notorious names from the American past, Mangione is being cast as someone to admire. Luigi Nicholas Mangione is escorted into Blair County Courthouse on Tuesday in Hollidaysburg, Pa. Regina Bateson, an assistant political science professor at the University of Colorado at Boulder, has studied vigilantism, the term to which Shapiro alluded. She doesn’t see this case as a good fit for the word, she says, because the victim wasn’t linked to any specific crime or offense. As she sees it, it's more akin to domestic terrorism. But Bateson views the threats against election workers , prosecutors and judges ticking up — plus the assassination attempts against President-elect Donald Trump this past summer — as possible signs that personal grievances or political agendas could erupt. “Americans are voicing more support for — or at least understanding of — political violence,” she said. Shapiro praised the police and the people of Blair County, who abided by a 9/11-era dictum of seeing something and saying something. The commenters have Mangione wrong, the governor said: “Hear me on this: He is no hero. The real hero in this story is the person who called 911 at McDonald’s this morning." A person demonstrates Monday near the McDonald's restaurant in Altoona, Pennsylvania, where police earlier in the day arrested Luigi Nicholas Mangione, 26, in the Dec. 4 killing of UnitedHealthcare's CEO in Manhattan. Even shy of supporting violence, there are many instances of people who vent over how health insurers deny claims. Tim Anderson's wife, Mary, dealt with UnitedHealthcare coverage denials before she died from Lou Gehrig’s disease in 2022. “The business model for insurance is don’t pay,” Anderson, 67, of Centerville, Ohio, told The Associated Press . The discourse around the killing and Mangione is more than just memes. Conversations about the interconnectedness of various parts of American life are unfolding online as well. One Reddit user said he was banned for three days for supporting Kyle Rittenhouse, who was acquitted after testifying he acted in self-defense when he fatally shot two people in 2020 during protests. “Do you think people are getting banned for supporting Luigi?” the poster wondered. The comments cover a lot of ground. They include people saying the UnitedHealthcare slaying isn't a “right or left issue" and wondering what it would take to get knocked off the platform. “You probably just have to cross the line over into promoting violence,” one commenter wrote. “Not just laughing about how you don’t care about this guy.” Luigi Mangione is taken into the Blair County Courthouse on Tuesday in Hollidaysburg, Pa. Memes and online posts in support of the 26-year-old man, who's charged with killing UnitedHealthcare's CEO, have mushroomed online. 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On a Saturday full of big-time college basketball games, the matchup between No. 8 Gonzaga and No. 18 UConn at Madison Square Garden figures to be among the most entertaining and the most significant. “It’s always better, I think more fun when you play against people like this,” UConn coach Dan Hurley said Friday on a pre-game Zoom call. “And I know they’re gonna want it bad. Both of us really want it bad. Both of us need it this game, want this game so it’s going to be a high level game, hopefully.” UConn has won back-to-back NCAA championships under Hurley and the program has won six total. Under Mark Few, Gonzaga has been to two NCAA championship games since 2017 and has appeared in nine straight Sweet 16s. “[These are] two of the best programs in the last 30 years in college basketball in Gonzaga and UConn, probably now both top five programs in the last 25-30 years” said Hurley, the Jersey City native and former Seton Hall guard. “And so I think it’s just it’s fun to take the court vs. them because of the incredible consistency, the number of Sweet 16s in a row, the two Final Fours and the winning percentage. And I think the way that they do it, they got really classy players [and a] classy coach.” City bound 🚌 pic.twitter.com/m1x5xipgaW UConn went 7-0 last season at Madison Square Garden — a venue its fervent fans like to call “Storrs South” — on the way to its second consecutive NCAA crown. “I think you’re excited about playing there,” he said of the Garden. After dropping three straight at the Maui Invitational and falling to No. 25 in the nation, UConn has won three straight including wins over No. 15 Baylor and Texas. Huge slate of rivalry games Saturday plus @SetonHallMBB at @RutgersMBB pic.twitter.com/WCMkmZfXlP The Huskies edged Baylor by 4 points, while the Bulldogs smacked them by 38 early last month. Gonzaga ranks third nationally in scoring offense at 90.2 points per game, but is coming off a 90-89 overtime loss to No. 4 Kentucky last week. UConn has won the last two matchups, including an 82-54 smackdown in the 2023 West Regional Final. Hurley praised senior point guard Ryan Nembhard, who’s averaging 10.9 points and a Division 1-best 10.7 assists. “He’s one of the best point guards in the country,” Hurley said. “He creates all types of problems for you in transition and in the ball screen game and with his ability to put pressure on the defense, but overall, they have a great, great offense.” Hurley said he asked his staff to check how far Nembhard was from his older brother Bobby on the all-time assist leader board. For the record, Bobby has 1,076 assists to Nembhard’s 634. “It looks like Bob safe, unless he’s got a COVID year or something,” Hurley cracked. Hurley also praised Gonzaga’s big man tandem of Graham Ike and Braden Huff. “I don’t think anyone’s got a center in tandem like they’ve got right now,” he said. “It’s kind of like what we’ve had the last last couple years in [Samson] Johnson and Donovan [Clingan] and you know when the backup center comes in a game you usually catch a break, not like that for them.” After beating Baylor, Hurley warned the critics: “Maybe they were too quick to grab the shovel and throw the dirt on us.” Now UConn can make another statement about being back if they can knock off the Bulldogs. FREE THROWS Hurley said freshman guard Ahmad Nowell (shoulder) would be a game time decision. Nowell has not played since Nov. 30. He’s averaging 3.3 points, 2.0 assists and 1.7 rebounds in seven games off the bench for the Huskies. Thank you for relying on us to provide the journalism you can trust. Please consider supporting us with a subscription. Adam Zagoria is a freelance reporter who covers Seton Hall and NJ college basketball for NJ Advance Media. You may follow him on Twitter @ AdamZagoria and check out his Website at ZAGSBLOG.com .Miner assaults partner, 'wrestles' police in an alcohol-fuelled episode
