Trump says he can't guarantee tariffs won't raise US prices and won't rule out revenge prosecutionsLetters to The Editor — December 28, 2024
SANTA CLARA — No Brock Purdy. No Nick Bosa. No chance for the 49ers on Sunday in Green Bay? “We’re missing two good players definitely but we’ll have a lot of good players out there,” 49ers coach Kyle Shanahan countered. “By no means do we not have a chance to win. We’ll fight our tails off. We’ll expect a real good game.” Purdy’s throwing-shoulder soreness will force him to miss his first game due to injury since becoming the 49ers’ starting quarterback nearly two years ago, and that thrusts ninth-year journeyman Brandon Allen into his 10th career start and first since 2021 with Cincinnati. Bosa’s oblique and hip injuries will sideline him for his first game of this wobbly season. Also ruled out were cornerback Charvarius Ward (personal), return specialist Jacob Cowing (concussion), defensive tackle Kevin Givens (groin) and linebacker Tatum Bethune (knee), while left tackle Trent Williams (ankle) is questionable as a game-time decision for a second straight game. Tight end George Kittle (hamstring) and running back Christian McCaffrey (Achilles) are good to go for an offense that must make do without Purdy at the NFL’s most historic venue. Allen, who last threw a regular-season pass in 2022 as Joe Burrow’s backup in Cincinnati, will guide the 49ers’ offense in a key game as San Francisco aims to make a playoff push. “It’s an opportunity,” Allen said. “The circumstances are what they are. Our team all year long, we’ve been dealing with injuries here or there. It’s been a big next-man-up mentality. It’s definitely an opportunity for me to go out, play well, put our guys in a good position to win the game. “Obviously we want Brock back and healthy and all that,” Allen added. “For the time being, it is an opportunity for me.” Josh Dobbs, who lost out to Allen in training camp and the preseason for the QB2 role, will serve in that capacity Sunday at Lambeau Field, where neither quarterback has played a regular-season game. Rookie Tanner Mordecai likely will be elevated from the practice squad Saturday to serve as the emergency No. 3 quarterback. Purdy wore a resigned, dour expression but offered upbeat words as he walked through the locker room, saying: “We’re all good.” This is not how Shanahan scripted it earlier in the week. “(Purdy) got the MRI on Monday, we thought he just needed some rest and really weren’t concerned about not being there this week,” Shanahan said Friday. “I don’t want to say there’s long-term concern,” Shanahan said Friday. “We got the MRI on Monday. We thought he just needed some rest and really weren’t concerned about him not being good this week.” Purdy rested his arm Wednesday, then left the practice field Thursday after a few light throws. “It surprised him, surprised us how it felt, so we had to shut him down,” Shanahan said. “The MRI doesn’t look like (it’s serious) so it should be alright. But the way it responded this week, it’s really up in the air for next week. We’ll have to see on Monday.” The 49ers follow this week’s trip at Green Bay with a prime-time appearance next Sunday, Dec. 1 in Buffalo. “I know this is like the first time Brock’s missed a game probably in his life,” Allen said. “He’s a tough guy and I’m not too worried about it. I don’t think any of our guys are. He’ll rehab and get back as fast as he can.” No one is saying when Purdy got hurt in Sunday’s 20-17 loss to Seattle, whether it was from diving for the goal line on his first-quarter touchdown scramble or later in the game. Shanahan did note that Purdy struggled to keep his shoulder loose and threw on the sideline, then the pain intensified after the game and into Monday. “It was somewhere during that Seattle game and I’m not sure Brock knows,” general manager John Lynch said on KNBR. “He fought through it through the course of the game. I did see him during the course of the game, anytime there was a pause, he kept throwing. At that point, you’re feeling something but he was so focused on trying to win.” Shanahan lauded Allen as a “really good thrower” who “runs our offense well” and that “guys believe in him.” The feeling is mutual on Allen’s side, as he explained what it was like as Purdy’s stand-in on the starting unit in practice this week: “It’s been a blessing to have them in the huddle with me and the leadership that’s in the huddle, so I can just come in and fill the spot for Brock for now, just try to make some plays and get the ball in their hands.” Added Shanahan: “It’s not a big game-plan adjustment. This is something we didn’t think would happen early in the week. We were fully preparing for Brock to go.” The Packers prepared that way, too. Allen is no total stranger, however. Packers coach Matt LaFleur told reporters Friday in Green Bay, prior to Purdy’s no-show practice: “I know Brandon. I was with him in L.A. (in 2017). He’s been in the league a long time. But I wouldn’t expect their offense to change a whole bunch.” BOSA WILL REMAIN HOME While Purdy traveled with the 49ers to Green Bay, Bosa was staying behind to rehabilitating the upper-body injuries that forced him to miss Sunday’s fourth-quarter collapse against Seattle. It will be the first game Bosa has missed since Oct. 16, 2022 with a groin injury. The 49ers lost a road game that day to Atlanta 28-14 during a season in which Bosa was the NFL’s Defensive Player of the Year. Sam Okuayinonu figures to make his first career start in place of Bosa while Leonard Floyd makes his 11th start at the other defensive end slot. WILLIAMS QUESTIONABLE Williams, with the help of a pain-killing injection, made it through the Seattle loss at what he said afterwards was 65 percent. Although listed as questionable, Shanahan reiterated Williams’ status could go right up to kickoff. Jaylon Moore likely would start in place of Williams, if needed. WARD BACK NEXT WEEK? Ward, mourning the death of his 23-month-old daughter, was declared out but Shanahan hoped to have the All-Pro cornerback next week when the 49ers visit Buffalo. “He’s taken three full weeks off,” Shanahan said. “It’s not like dealing with all that stuff he’s getting workouts in and all that. We’re just happy to get him back in the building this week. We don’t want t put any pressure on him, hopefully he’ll be good to go next week.” Among those listed as questionable is guard/center Jon Feliciano, whose 21-day window of practicing while on injured reserve is about to expire. If the 49ers don’t put Feliciano on the 53-man roster by Monday, he’ll spend the rest of the season on injured reserve. PACKERS INJURIES Cornerback Jaire Alexander (knee) was ruled out after being unable to practice all week, and linebacker Edgerrin Cooper (hamstring) also will not suit up for Green Bay’s defense. Defensive tackle Colby Wooden is questionable as the only other Packers player on their injury report.
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SANTA CLARA, Calif. , Dec. 3, 2024 /PRNewswire/ -- Couchbase, Inc. (NASDAQ: BASE ), the developer data platform for critical applications in our AI world, today announced financial results for its third quarter ended October 31, 2024. "I'm pleased with the continued operational progress of the entire Couchbase team," said Matt Cain , Chair, President and CEO of Couchbase. "We delivered top- and bottom-line results that exceeded our outlook, and we achieved another significant milestone with Capella, which now represents 15.1% of our ARR and one third of our customer base. I remain highly confident in our outlook and ability to achieve our objectives in fiscal 2025." Third Quarter Fiscal 2025 Financial Highlights Revenue: Total revenue for the quarter was $51.6 million , an increase of 13% year-over-year. Subscription revenue for the quarter was $49.3 million , an increase of 12% year-over-year. Annual recurring revenue (ARR): Total ARR as of October 31, 2024 was $220.3 million , an increase of 17% year-over-year, or 16% on a constant currency basis. See the section titled "Key Business Metrics" below for details. Gross margin: Gross margin for the quarter was 87.3%, compared to 88.8% for the third quarter of fiscal 2024. Non-GAAP gross margin for the quarter was 88.2%, compared to 89.5% for the third quarter of fiscal 2024. See the section titled "Use of Non-GAAP Financial Measures" and the tables titled "Reconciliation of GAAP to Non-GAAP Results" below for details. Loss from operations: Loss from operations for the quarter was $19.2 million , compared to $17.5 million for the third quarter of fiscal 2024. Non-GAAP operating loss for the quarter was $3.5 million , compared to $5.0 million for the third quarter of fiscal 2024. Cash flow: Cash flow used in operating activities for the quarter was $16.9 million , compared to cash flow used in operating activities of $12.7 million in the third quarter of fiscal 2024. Capital expenditures were $0.6 million during the quarter, leading to negative free cash flow of $17.5 million , compared to negative free cash flow of $13.8 million in the third quarter of fiscal 2024. Remaining performance obligations (RPO): RPO as of October 31, 2024 was $211.3 million , an increase of 29% year-over-year. Recent Business Highlights Announced Capella AI Services to provide the critical capabilities and tools required for our customers to streamline the development of agentic AI applications. The new AI Services include model hosting, automated vectorization, unstructured data preprocessing and AI agent catalog services, allowing organizations to prototype, build, test and deploy AI agents while keeping models and data close together on one unified platform. Couchbase's innovation and newest features with AI Services are on display at AWS re:Invent this week. Continued to advance the Couchbase platform with three major releases: Capella Columnar which converges operational and real-time analytics; Mobile with vector search which makes it possible for businesses to offer similarity and hybrid search in their applications on mobile and at the edge; and Capella Free Tier, a workspace which empowers developers to work faster. Expanded Couchbase's AI partner ecosystem through new and recently introduced integrations with industry leaders including Amazon Bedrock, Azure OpenAI, Google Vertex AI, Haystack, LangChain, LlamaIndex, NVIDIA NIM/NeMo, Unstructured.io, Vectorize and others. These integrations help empower our customers to more easily develop enterprise-class, RAG-based solutions and meet their specific deployment needs. Recognized innovative Couchbase customer achievements through the 2024 Customer Impact Awards, demonstrating how leading companies are leveraging Couchbase's technology to transform their operations. For one of the award recipients – a leading software and technology company that powers the global travel industry serving a wide range of travel companies including airlines, hoteliers, travel agencies and other suppliers – Couchbase will enable a distributed, always-on transactional system. Couchbase handles hundreds of thousands of read transactions and more than 1,000 updates per second for this customer. Financial Outlook For the fourth quarter and full year of fiscal 2025, Couchbase expects: The guidance provided above is based on several assumptions that are subject to change and many of which are outside our control. If actual results vary from these assumptions, our expectations may change. There can be no assurance that we will achieve these results. Couchbase is not able, at this time, to provide GAAP targets for operating loss for the fourth quarter or full year of fiscal 2025 because of the difficulty of estimating certain items excluded from non-GAAP operating loss that cannot be reasonably predicted, such as charges related to stock-based compensation expense. The effect of these excluded items may be significant. Conference Call Information Couchbase will host a live webcast at 1:30 p.m. Pacific Time (or 4:30 p.m. Eastern Time ) on Tuesday, December 3, 2024, to discuss its financial results and business highlights. The conference call can be accessed by dialing 877-407-8029 from the United States , or +1 201-689-8029 from international locations. The live webcast and a webcast replay can be accessed from the investor relations page of Couchbase's website at investors.couchbase.com . About Couchbase As industries race to embrace AI, traditional database solutions fall short of rising demands for versatility, performance and affordability. Couchbase is seizing the opportunity to lead with Capella, the developer data platform for critical applications in our AI world. By uniting transactional, analytical, mobile and AI workloads into a seamless, fully-managed solution, Couchbase empowers developers and enterprises to build and scale applications with complete flexibility – delivering exceptional performance, scalability and cost-efficiency from cloud to edge and everything in between. Trusted by over 30% of the Fortune 100, Couchbase enables organizations to unlock innovation, accelerate AI transformation and redefine customer experiences wherever they happen. Discover why Couchbase is the foundation of critical everyday applications by visiting www.couchbase.com and following us on LinkedIn and X . Couchbase has used, and intends to continue using, its investor relations website and the corporate blog at blog.couchbase.com to disclose material non-public information and to comply with its disclosure obligations under Regulation FD. Accordingly, you should monitor our investor relations website and the corporate blog in addition to following our press releases, SEC filings and public conference calls and webcasts. Use of Non-GAAP Financial Measures In addition to our financial information presented in accordance with GAAP, we believe certain non-GAAP financial measures are useful to investors in evaluating our operating performance. We use certain non-GAAP financial measures, collectively, to evaluate our ongoing operations and for internal planning and forecasting purposes. We believe that non-GAAP financial measures, when taken together with the corresponding GAAP financial measures, may be helpful to investors because they provide consistency and comparability with past financial performance and meaningful supplemental information regarding our performance by excluding certain items that may not be indicative of our business, results of operations or outlook. Non-GAAP financial measures are presented for supplemental informational purposes only, have limitations as analytical tools and should not be considered in isolation or as a substitute for financial information presented in accordance with GAAP, and may be different from similarly-titled non-GAAP financial measures used by other companies. In addition, other companies, including companies in our industry, may calculate similarly-titled non-GAAP financial measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of our non-GAAP financial measures as tools for comparison. Investors are encouraged to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures (provided in the financial statement tables included in this press release), and not to rely on any single financial measure to evaluate our business. Non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating loss, non-GAAP operating margin, non-GAAP net loss and non-GAAP net loss per share: We define these non-GAAP financial measures as their respective GAAP measures, excluding expenses related to stock-based compensation expense, employer payroll taxes on employee stock transactions, restructuring charges and impairment of capitalized internal-use software. We use these non-GAAP financial measures in conjunction with GAAP measures to assess our performance, including in the preparation of our annual operating budget and quarterly forecasts, to evaluate the effectiveness of our business strategies and to communicate with our board of directors concerning our financial performance. For the fourth quarter of fiscal 2024, we excluded the impairment of capitalized internal-use software, a non-cash operating expense, from our non-GAAP results as it is not reflective of ongoing operating results. This impairment charge related to certain previously capitalized internal-use software that we determined would no longer be placed into service. Prior period non-GAAP financial measures have not been adjusted to reflect this change as we did not incur impairment of capitalized internal-use software in any prior period presented. Free cash flow: We define free cash flow as cash used in operating activities less additions to property and equipment, which includes capitalized internal-use software costs. We believe free cash flow is a useful indicator of liquidity that provides our management, board of directors and investors with information about our future ability to generate or use cash to enhance the strength of our balance sheet and further invest in our business and pursue potential strategic initiatives. Please see the reconciliation tables at the end of this press release for the reconciliation of GAAP and non-GAAP results. Key Business Metrics We review a number of operating and financial metrics, including ARR, to evaluate our business, measure our performance, identify trends affecting our business, formulate business plans and make strategic decisions. We define ARR as of a given date as the annualized recurring revenue that we would contractually receive from our customers in the month ending 12 months following such date. Based on historical experience with customers, we assume all contracts will be renewed at the same levels unless we receive notification of non-renewal and are no longer in negotiations prior to the measurement date. For Capella products, ARR in a customer's initial year is calculated as the greater of: (i) initial year contract revenue as described above or (ii) annualized prior 90 days of actual consumption; and ARR for subsequent years is calculated with method (ii). ARR excludes services revenue. Prior to fiscal 2025, ARR excluded on-demand revenue and, for Capella products in a customer's initial year, ARR was calculated solely on the basis of initial year contract revenue. The reason for these changes is to better reflect ARR where usage rates or timing of purchases may be uneven and to better align with how ARR is used to measure the performance of the business. ARR for prior periods has not been adjusted to reflect this change as it is not material to any period previously presented. ARR should be viewed independently of revenue, and does not represent our revenue under GAAP on an annualized basis, as it is an operating metric that can be impacted by contract start and end dates and renewal dates. ARR is not intended to be a replacement for forecasts of revenue. Although we seek to increase ARR as part of our strategy of targeting large enterprise customers, this metric may fluctuate from period to period based on our ability to acquire new customers, expand within our existing customers and consumption dynamics. We believe that ARR is an important indicator of the growth and performance of our business. We also attempt to represent the changes in the underlying business operations by eliminating fluctuations caused by changes in foreign currency exchange rates within the current period. We calculate constant currency growth rates by applying the applicable prior period exchange rates to current period results. Forward-Looking Statements This press release contains "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on management's beliefs and assumptions and on information currently available to management. Forward-looking statements include, but are not limited to, quotations of management, the section titled "Financial Outlook" above and statements about the expected client demand for and benefits of our offerings, the impact of our recently-released and planned products and services and our market position, strategies and potential market opportunities. Forward-looking statements generally relate to future events or our future financial or operating performance. Forward-looking statements include all statements that are not historical facts and, in some cases, can be identified by terms such as "anticipate," "expect," "intend," "plan," "believe," "continue," "could," "potential," "remain," "may," "might," "will," "would" or similar expressions and the negatives of those terms. However, not all forward-looking statements contain these identifying words. Forward-looking statements involve known and unknown risks, uncertainties and other factors, including factors beyond our control, which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks include, but are not limited to: our history of net losses and ability to achieve or maintain profitability in the future; our ability to continue to grow on pace with historical rates; our ability to manage our growth effectively; intense competition and our ability to compete effectively; cost-effectively acquiring new customers or obtaining renewals, upgrades or expansions from our existing customers; the market for our products and services being highly competitive and evolving, and our future success depending on the growth and expansion of this market; our ability to innovate in response to changing customer needs, new technologies or other market requirements, including new capabilities, programs and partnerships and their impact on our customers and our business; our limited operating history, which makes it difficult to predict our future results of operations; the significant fluctuation of our future results of operations and ability to meet the expectations of analysts or investors; our significant reliance on revenue from subscriptions, which may decline and, the recognition of a significant portion of revenue from subscriptions over the term of the relevant subscription period, which means downturns or upturns in sales are not immediately reflected in full in our results of operations; and the impact of geopolitical and macroeconomic factors. Further information on risks that could cause actual results to differ materially from forecasted results are included in our filings with the Securities and Exchange Commission that we may file from time to time, including those more fully described in our Annual Report on Form 10-K for the fiscal year ended January 31, 2024 . Additional information will be made available in our Quarterly Report on Form 10-Q for the quarter ended October 31, 2024 that will be filed with the Securities and Exchange Commission, which should be read in conjunction with this press release and the financial results included herein. Any forward-looking statements contained in this press release are based on assumptions that we believe to be reasonable as of this date. Except as required by law, we assume no obligation to update these forward-looking statements, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements. The following table presents a reconciliation of free cash flow to net cash provided by (used in) operating activities, the most directly comparable GAAP measure, for each of the periods indicated (in thousands, unaudited): SOURCE Couchbase, Inc.
WASHINGTON — President-elect Donald Trump has selected former Sen. David Perdue of Georgia to be the U.S. ambassador to China, leaning on a former business executive turned politician to serve as the administration’s envoy to one of America’s most potent economic and military adversaries. Trump said in a social media post that Perdue “brings valuable expertise to help build our relationship with China.” Perdue lost his Senate seat to Democrat Jon Ossoff four years ago and ran unsuccessfully in Republicans’ 2022 primary against Georgia Gov. Brian Kemp. Perdue pushed Trump’s debunked lies about electoral fraud during his failed gubernatorial bid. During his time in the Senate, the former Georgia lawmaker advocated for a more robust naval force to cope with threats, including from China. Before launching his political career, Perdue held a string of top executive positions, including at Sara Lee, Reebok and Dollar General. Economic tensions will be a big part of the U.S.-China picture for the new administration. Trump has threatened to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office, as part of his effort to crack down on illegal immigration and drugs. He said he would impose a 25% tax on all products entering the country from Canada and Mexico, and an additional 10% tariff on goods from China, as one of his first executive orders. The Chinese Embassy in Washington has cautioned that there will be losers on all sides if there is a trade war. It is unclear whether Trump will actually go through with the threats or if he is using them as a negotiating tactic. The tariffs, if implemented, could dramatically raise prices for American consumers on everything from gas to automobiles to agricultural products. The U.S. is the largest importer of goods in the world, with Mexico, China and Canada its top three suppliers, according to the most recent U.S. Census data. Perdue, if confirmed, will also have to negotiate difficult issues that go beyond trade. Washington and Beijing have long had deep differences on the support China has given to Russia during its war in Ukraine, and on human rights issues, technology and Taiwan, the self-ruled island that Beijing claims as its own. Chinese President Xi Jinping said in a meeting with outgoing President Biden last month that Beijing stood “ready to work with a new U.S. administration.” Xi also warned that a stable China-U.S. relationship was crucial not only to the two nations but to the “future and destiny of humanity.” Trump’s relationship with Xi started out well during his first term, but grew strained over disputes about trade and the origins of the COVID-19 pandemic. Trump seems particularly focused on using tariffs as a pressure point with Xi, even threatening he would use them to pressure Beijing to crack down on the production of materials used in making fentanyl in Mexico that is illegally sold in the United States. Trump’s second administration is expected to test U.S.-China relations even more than his first, when the U.S. imposed tariffs on more than $360 billion in Chinese products. That brought Beijing to the negotiating table, and in 2020, the two sides signed a trade deal in which China committed to improving intellectual property rights and buying an additional $200 billion in American goods. A couple of years later, a research group showed that China had bought essentially none of the goods it had promised. Before Trump’s return to power, many American companies, including Nike and eyewear retailer Warby Parker, had been diversifying their sourcing away from China. Shoe brand Steve Madden says it plans to cut imports from China by as much as 45% next year. Long and Madhani write for the Associated Press. AP writer Didi Tang contributed to this report.
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It was always rough to be a woman on Twitter. It’s even worse on X.OTTAWA — NDP Leader Jagmeet Singh said he won't play Conservative Leader Pierre Poilievre's games by voting to bring down the government on an upcoming non-confidence motion. The Conservatives plan to introduce a motion that quotes Singh's own criticism of the Liberals, and asks the House of Commons to declare that it agrees with Singh and has no confidence in the government. The motion is expected to be introduced on Thursday and the debate and vote are set for Monday. Singh said he is not going to trigger an election when he believes Poilievre would cut programs the NDP fought for. "I'm not going to be playing Pierre Poilievre's games. I have no interest in that. We're frankly not going to allow him to cut the things that people need. I want to actually have dental care expanded, I want people to actually start to benefit from the pharmacare legislation we passed," Singh said. With the NDP's expected support, the Liberals should survive this next confidence vote brought forward by the Conservatives. The Tories have vowed to bring forward non-confidence motions every chance they get. The party will have two more opposition motions after this one, which are expected to continue to call for non-confidence. The NDP are scheduled to have their opposition day on Friday. Earlier on Tuesday, Singh did acknowledge that the Conservatives have a sizeable lead on the NDP in public opinion polls, while giving a campaign-style speech to visiting party staffers from across the country. Most pollsters in Canada have recorded a roughly 20 point lead for the Conservatives over both the Liberals and NDP for the last few months. The non-confidence vote was scheduled after Speaker Greg Fergus intervened to pause a filibuster on a privilege debate about a green technology fund. The Conservatives have said they would only end that debate if the NDP agree to topple the government or if the Liberals turn over unredacted documents at the centre of the parliamentary gridlock. This report by The Canadian Press was first published Dec. 3, 2024. David Baxter, The Canadian Press
In Adam J. Graves and Suchitra Mattai’s Anuja , resilience in the face of hardship is the central heartbeat. The short film, doubling as both a heartwarming tribute to sisterhood and as a social awareness campaign about the effects of unchecked child labor, focuses on Anuja (Sajda Pathan), a young girl who lives with her older sister, Palak (Ananya Shanbhag), in Delhi, India as they live in poverty working long hours at a garment factory. One day, when a social worker (Gulshan Walia) arrives at the factory to expose the overseer for working Anuja illegally, he proposes that the youngster take part in an exam that will get her into a boarding school to better her chances of escaping her station. The two sisters are then tasked to raise money for the participation fee while Anuja decides the fate of her future. Fresh off of Academy Award voting precursor wins for best live-action short at the HollyShorts Film Festival in Los Angeles and the grand prize winner at the New York International Short Film Festival, the short film has also garnered support from Indian filmmakers Mindy Kaling and Guneet Monga Kapoor . Below, Graves talks to Deadline about his inspirations, working with young actors and raising awareness about the plights of child labor. DEADLINE : You have a varied background, from your PhD in philosophy to your various studies within South Asian culture and language. You also are a teacher. I’m curious how your expertise helped shape you as a filmmaker and come up with the origins of Anuja. ADAM J. GRAVES: I did my undergraduate degree in South Asian studies and wrote a master’s thesis on Abhinavagupta, the 12th-century Kashmir Shaivism philosopher who wrote in the domain of Indian Hindu philosophy known as Tantra. But it’s not [the same as the] new age Tantrism today. His work had very little to do with that. I spent about five or six years of my life going back and forth between India and I studied at Banaras Hindu University. I was always fascinated with Indian culture and literature, especially philosophy. And so, I knew that I wanted to film in India. It’s such a visually beautiful place. The energy and the culture are so rich. My wife is of South Asian descent. She played a large role in shaping this project and inspiring it, quite frankly. Her family’s history is rather complicated. Her ancestors go back to a place called Gorakhpur in northern India. They were brought by the British to Guyana as indentured laborers after the British abolished slavery. They turned to indentured servitude, and because of that family history, we’ve always been interested and concerned with labor issues. So that was the origins of the project, just bringing these two things together, wanting to shoot in India, and also having a concern with labor issues. And we were coming out of the pandemic, and everybody was talking about supply chains. But they were talking about the consumer end of supply chains. And we’re like, “Well, what’s happening on the other end? Not just here, but what’s going on where in terms of the production?” We came across a statistic that one in 10 kids, globally, is engaged in child labor, which was shocking to us because that seemed like an incredibly high number, 160 million kids. And we thought, “Well, how many films, really, can we think of off the top of our head that deal with those kids or with kids living in that context?” And we couldn’t think of that many. So, we thought this would be an interesting way to anchor the story. Let me just say that I feel that it’s an incredible privilege to be able to make film. And if you can, if you have the opportunity, then why not use the lens as a window that you can provide people into another world and provide people an experience that will allow them to empathize with people who don’t maybe have it as well off as some of us. Principally, I feel a film has to be a work of art that speaks to some of the universal aspects of human existence. DEADLINE : While your short film does examine the life of child labor, it also has levity and this balance between resilience and joy amongst the struggle. Anuja has her sister and even strangers who care about her future and safety. Why was it important to add this layer to the film? GRAVES: Two things happened. One, while we were doing research for the film and we were meeting with the children who were either working or formally working, it was just so evident to us, early on, that we had to pay tribute to the joy that these kids were able to find in really difficult circumstances. The kind of energy, creativity, and resilience was palpable when we met with these kids, so we wanted to make sure that we built that into the film and become part of the story. It wasn’t just a doom and gloom story about kids who had it tough, but it was also a story that highlights the resilience and the spirit of these children. Secondly, we wanted to make sure the film was something these kids would enjoy. I mean, they kind of became the audience for us as we were kind of crafting this story. We wanted to make sure that it wasn’t just going to be a film. We knew that we were going to share it with them. And we want it to be a gift to them in some way, something that they would watch and enjoy. And that meant it had to be more than just a dark, dramatic portrait of life in a factory. DEADLINE : You worked with Salaam Baalak Trust, which is also where you ended up finding the lead actress. What was the collaboration process like? GRAVES: It developed organically while we were researching. We were working with a number of nonprofits actually in and around Delhi. And the Salaam Baalak Trust’s mission seemed to resonate with what we were trying to do with the film. I think that has to do with the fact that it’s a nonprofit founded by the director Mira Nair’s family. Mira Nair is a towering figure in global cinema. She’s of Indian origin, but she’s lived in Uganda, New York, and everywhere else. So, I don’t want to say she’s an Indian filmmaker because she’s a person of the world. But she made a movie, Salaam Bombay! , about street children in Bombay, in what is now Mumbai. And after her mother saw the film, she was inspired to start a nonprofit. So, with the help of Mira, they established this organization that provides a home and educational opportunities for street children. Maybe I’m speculating, but I think because a film inspired this nonprofit, that organization recognized that art, especially performing arts, can be a really important vehicle for cultivating a kid’s sense of self-worth and confidence. So, they have a really robust theater program within this orphanage. So, when we were developing the film, they understood right away what we were trying to do. On the other hand, some of the other organizations thought we were trying to make a documentary about them. And because they have a theater program, they had a lot of kids who they wanted to submit. We felt early on that, “OK, we have to try. We know it’s going to be difficult, but we have to try to cast directly from the community.” Then the Salaam Baalak Trust was an organization that was open. Their kids were excited to be featured in a film. So, when we were casting, we looked at self-tapes from all over India, especially a lot from Mumbai and the film industry, kids who already had a film background. But we also received a lot from the Salaam Baalak Trust and from a couple of other nonprofits. They’re also located in the Paharganj, one of two neighborhoods that are up against each other in Old Delhi. I knew I wanted to film there, and one of the factories we filmed was just north of there. The movie theater we wanted to film in was north of there as well. They helped us with everything from locations to research. Ideally, we want to use the film as a tool to raise awareness about child labor, but also, hopefully, gets money for the Salaam Baalak Trust. They do great work. DEADLINE : Talk about casting Sajda Pathan and Ananya Shanbhag as sisters. They are so great onscreen. GRAVES: We were so lucky, Sajda. She lives at the Salaam Baalak Trust. But just not long before she was in the film, less than a year before, she was living on the streets with her older sister. She acted before she was cast in Anuja , so I can’t take credit for having discovered her or anything, but her own life experience parallels in really interesting ways that of the character of the film. And that’s pure accident. We didn’t write the script for her. But she was living without parental support on the streets and had an older sister. So, I think partly because she has an older sister, she could connect with Ananya. Ananya has a younger sibling, so when they met, they just immediately clicked. We didn’t do much in the way of rehearsals because, in my very limited experience working with child actors, sometimes the more you rehearse, the less life there is in the performance. And I think that can be true for children actors or adult actors. So, what we did is we tried to get them together. We all stayed in a hotel together, like a motel/hotel down in Paharganj and in close quarters. Sajda was staying with a social worker, and Ananya had her father along on set. We spent every moment of the day together for about three days before we started shooting. We played games, we had ice cream, and we had fun. They enjoyed each other’s company, and just very quickly became super tight. And you could see that. DEADLINE : Mindy Kaling and Guneet Monga Kapoor joined as producers on Anuja . That must have been very affirming. What do you think people are resonating with? GRAVES: These are two of my favorite people in the world, not just because they’re on board. We’ve specifically pursued them because [of what] we saw in them, their own causes, and the kinds of work they do. So, Guneet, for example, The Lunchbox is one of my favorite all-time films, an early feature film she’d worked on. And, of course, The Elephant Whisperers ... she consistently makes incredible work. It meant a lot to us to have such a towering figure within Indian cinema endorse the film and come on board and get behind it. Mindy herself has done so much for raising awareness of and foregrounding stories of women and girls. She’s also a towering figure, not just in the entertainment arts industry world but also among the Indian diaspora community. And so having her vouch for the film and having it resonate with her so much is really important. I think the thing that’s incredibly satisfying for every filmmaker who finds an audience is the sense that it somehow captures something universal, so you don’t have to come from this background to somehow be inspired by it or recognize yourself in it. We were trying to capture something about the universal features of childhood, and I think that’s one of the things that Mindy saw there, and that’s really heartwarming for us to have her on board. So, we’re super flattered, honored, and excited to see where it goes from here. DEADLINE : You’re in the conversation for the Oscars. What’s going through your mind, and what would you like people to consider? GRAVES: The two leads of the film, Sajda and Ananya, are the heart and soul of this project. I think anybody who watches films knows. Our cinematographer, Akash Raje, is incredible. I’m proud of all aspects of the film. But the heart and soul are these two incredibly gifted young actresses who gave us everything they got. And I’m just so proud of the fact that their performances are finally getting an audience, and they’re being seen. And my dream—and this is the thing that I try not to fantasize too much about—is to bring Sajda to the Oscars. I’ll tell you a silly story. When I was flying over for production, I was in LAX. I wanted to bring something for Sajda, a gift for the two actresses. But I was sick right before the trip, so I didn’t have much chance to shop. So, when I got to the airport, I wanted to bring them something from America that would be more interesting to them instead of picking something up at the Indian airport. I went into the gift shop and found a hat and sweater for Ananya, but they didn’t have anything in Sajda’s size because she’s so small. So, I found this Oscar replica statue. Of course, she had no idea what it was at the time when I gave it to her, so we had to explain it to her. But before we shot the film, I have a photo of her with this plastic Oscar, and the fact that we are now in this position talking about the real Oscar is really surreal. [This interview has been edited for length and clarity]Marvell Technology, Inc. Reports Third Quarter of Fiscal Year 2025 Financial Results
OTTAWA — NDP Leader Jagmeet Singh said he won't play Conservative Leader Pierre Poilievre's games by voting to bring down the government on an upcoming non-confidence motion. The Conservatives plan to introduce a motion that quotes Singh's own criticism of the Liberals, and asks the House of Commons to declare that it agrees with Singh and has no confidence in the government. The motion is expected to be introduced on Thursday and the debate and vote are set for Monday. Singh said he is not going to trigger an election when he believes Poilievre would cut programs the NDP fought for. "I'm not going to be playing Pierre Poilievre's games. I have no interest in that. We're frankly not going to allow him to cut the things that people need. I want to actually have dental care expanded, I want people to actually start to benefit from the pharmacare legislation we passed," Singh said. With the NDP's expected support, the Liberals should survive this next confidence vote brought forward by the Conservatives. The Tories have vowed to bring forward non-confidence motions every chance they get. The party will have two more opposition motions after this one, which are expected to continue to call for non-confidence. The NDP are scheduled to have their opposition day on Friday. Earlier on Tuesday, Singh did acknowledge that the Conservatives have a sizeable lead on the NDP in public opinion polls, while giving a campaign-style speech to visiting party staffers from across the country. Most pollsters in Canada have recorded a roughly 20 point lead for the Conservatives over both the Liberals and NDP for the last few months. The non-confidence vote was scheduled after Speaker Greg Fergus intervened to pause a filibuster on a privilege debate about a green technology fund. The Conservatives have said they would only end that debate if the NDP agree to topple the government or if the Liberals turn over unredacted documents at the centre of the parliamentary gridlock. This report by The Canadian Press was first published Dec. 3, 2024. David Baxter, The Canadian Press
JACKSONVILLE, Fla. — Greg McGarity had reason to be concerned. The Gator Bowl president kept a watchful eye on College Football Playoff scenarios all season and understood the fallout might affect his postseason matchup in Jacksonville. What if the Southeastern Conference got five teams into the expanded CFP? What if the Atlantic Coast Conference landed three spots? It was a math problem that was impossible to truly answer, even into late November. Four first-round playoff games, which will end with four good teams going home without a bowl game, had the potential to shake up the system. The good news for McGarity and other bowl organizers: Adding quality teams to power leagues — Oregon to the Big Ten, Texas to the SEC and SMU to the ACC — managed to ease much of the handwringing. McGarity and the Gator Bowl ended up with their highest-ranked team, No. 16 Ole Miss, in nearly two decades. "It really didn't lessen our pool much at all," McGarity said. "The SEC bowl pool strengthened with the addition of Texas and Oklahoma. You knew they were going to push traditional SEC teams up or down. Texas ended up pushing just about everyone down." The long waiting game was the latest twist for non-CFP bowls that have become adept at dealing with change. Efforts to match the top teams came and went in the 1990s and first decade of this century before the CFP became the first actual tournament in major college football. It was a four-team invitational — until this year, when the 12-team expanded format meant that four quality teams would not be in the mix for bowl games after they lose next week in the first round. "There's been a lot of things that we've kind of had to roll with," said Scott Ramsey, president of the Music City Bowl in Nashville, Tennessee. "I don't think the extra games changed our selection model to much degree. We used to look at the New York's Six before this, and that was 12 teams out of the bowl mix. The 12-team playoff is pretty much the same." Ramsey ended up with No. 23 Missouri against Iowa in his Dec. 30 bowl. A lot of so-called lesser bowl games do have high-profile teams — the ReliaQuest Bowl has No. 11 Alabama vs. Michigan (a rematch of last year's CFP semifinal), Texas A&M and USC will play in the Las Vegas Bowl while No. 14 South Carolina and No. 15 Miami, two CFP bubble teams, ended up in separate bowls in Orlando. "The stress of it is just the fact that the CFP takes that opening weekend," Las Vegas Bowl executive director John Saccenti said. "It kind of condenses the calendar a little bit." Bowl season opens Saturday with the Cricket Celebration Bowl. The first round of the CFP runs Dec. 20-21. It remains to be seen whether non-CFP bowls will see an impact from the new dynamic. They will know more by 2026, with a planned bowl reset looming. It could include CFP expansion from 12 to 14 teams and significant tweaks to the bowl system. More on-campus matchups? More diversity among cities selected to host semifinal and championship games? And would there be a trickle-down effect for everyone else? Demand for non-playoff bowls remains high, according to ESPN, despite increased focus on the expanded CFP and more players choosing to skip season finales to either enter the NCAA transfer portal or begin preparations for the NFL draft. "There's a natural appetite around the holidays for football and bowl games," Kurt Dargis, ESPN's senior director of programming and acquisitions, said at Sports Business Journal's Intercollegiate Athletics Forum last week in Las Vegas. "People still want to watch bowl games, regardless of what's going on with the playoff. ... It's obviously an unknown now with the expanded playoff, but we really feel like it's going to continue." The current bowl format runs through 2025. What lies ahead is anyone's guess. Could sponsors start paying athletes to play in bowl games? Could schools include hefty name, image and likeness incentives for players participating in bowls? Would conferences be willing to dump bowl tie-ins to provide a wider range of potential matchups? Are bowls ready to lean into more edginess like Pop-Tarts has done with its edible mascot? The path forward will be determined primarily by revenue, title sponsors, TV demand and ticket sales. "The one thing I have learned is we're going to serve our partners," Saccenti said. "We're going to be a part of the system that's there, and we're going to try to remain flexible and make sure that we're adjusting to what's going on in the world of postseason college football."Australian Prime Minister Anthony Albanese labeled the suspected arson at a Melbourne synagogue as an act of terror. This comes amid criticism from Israel's PM, Benjamin Netanyahu, who suggested the Labor government's policies fueled the attack. The alleged arson occurred at the Adass Israel synagogue, leaving one injured and significant damage behind. Australia's government, under Albanese since May 2022, has invested A$25 million in enhancing security for Jewish sites and taking measures against hate speech. As police search for suspects, the synagogue fire has highlighted the nation's rising antisemitic incidents against the backdrop of the Israel-Gaza war. While pro-Palestinian protests in Australia remain largely peaceful, authorities worry about potential community tensions. (With inputs from agencies.)
Dyskinetic Cerebral Palsy: A Closer Look at Symptoms, Diagnosis and Clinical Research UnderwayA footnote to the excellent article by Timothy Garton Ash ( What if Russia wins in Ukraine? We can already see the shadows of a dark 2025, 21 December ). The so-called rare earths are essential raw materials for advanced electronics industries. China – with the world’s largest economically exploitable reserves – has a major strategic advantage in access to rare earths, underlined by the tight export controls that it has recently imposed. In Europe, it is eastern Ukraine that has the best reserves. To gain and maintain control of Ukraine’s reserves would be a major boost for Russia. A defeat here for Ukraine , enabled by the failure of the west to provide the long-term support that it has promised, would signal to China that it should not be too concerned about western resolve in the event of a Chinese invasion of Taiwan. Taiwan is a dominant supplier of the advanced electronics, incorporating rare earths, that will continue to be a major determinant of economic success. Ukraine and Taiwan – raw materials, advanced products – are the complementary aspects of a single choice facing the west: whether to surrender leadership of a technology that will help determine economic success, and military strength, well into the 21st century. In this there is no role for shortsighted transactionalism. What is needed is to face up to inhuman autocratic authoritarianism, Chinese as well as Russian, with clear-headed strategic direction and resolve. John E Havard Twickenham, London Timothy Garton Ash’s prophecy of Armageddon if Russia “wins” the war in Ukraine is based on the premise that the US, the UK and Nato in general constitute an altruistic, benign force, wishing nothing but to make the world a better place. It is as if the Vietnam war never happened, Iraq was never invaded and there was no military intervention in Libya. It is a fetching view of geopolitics, but alas with no foundation. If, in 1962, John F Kennedy could find the presence of Soviet missiles in Cuba a security threat, why not Russia in 2024 perceiving the expansion of Nato towards its borders as a threat to its national security? It is pure fantasy to think that Russia, a state that’s unable to subdue a country a thirtieth of its size, a third of its population and less than a hundredth of its GDP has the capacity to conquer neighbouring countries. If China , regarded a security danger only a few months ago, can today be courted into to enter into a trade partnership with the UK, then why not Russia now that the war in Ukraine is coming to a natural end? Fawzi Ibrahim London Have an opinion on anything you’ve read in the Guardian today? Please email us your letter and it will be considered for publication in our letters section.NEW YORK, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Priority Income Fund, Inc. ("Priority Income Fund” or the "Fund”) announced today that it will redeem all outstanding shares of its 6.250% Series G Term Preferred Stock Due 2026 (CUSIP: 74274W 814; NYSE: PRIF PRG) (the "Series G Preferred Shares”) at a price of $25 per Series G Preferred Share, plus accrued but unpaid dividends per Series G Preferred Share from September 30, 2024, to but excluding, the Redemption Date (the "Redemption Price”). The redemption date will be December 23, 2024 (the "Redemption Date”). On the Redemption Date, the Redemption Price will become due and payable on the Series G Preferred Shares and any dividends shall cease to accumulate on the Series G Preferred Shares that are redeemed from and after such date. Unless the Fund defaults in the payment of the Redemption Price, dividends on the Series G Preferred Shares that are redeemed will cease to accumulate on and after the Redemption Date, and the only remaining right of the holders of the Series G Preferred Shares that are redeemed is to receive payment of the Redemption Price. The Series G Preferred Shares are held through The Depository Trust Company and will be redeemed in accordance with the applicable procedures. This press release does not constitute a notice of redemption under the articles supplementary governing the shares. Following redemption of the Series G Preferred Shares, the Fund will have outstanding shares of 7.00% Series D Term Preferred Stock due 2029 (NYSE: PRIF PRD), 6.625% Series F Term Preferred Stock due 2027 (NYSE: PRIF PRF), 6.000% Series H Term Preferred Stock due 2026 (NYSE: PRIF PRH), 6.125% Series I Term Preferred Stock due 2028 (NYSE: PRIF PRI), 6.000% Series J Term Preferred Stock due 2028 (NYSE: PRIF PRJ), 7.000% Series K Cumulative Preferred Stock (NYSE: PRIF PRK), and 6.375% Series L Term Preferred Stock due 2029 (NYSE: PRIF PRL). About Priority Income Fund Priority Income Fund, Inc. is a registered closed-end fund that was created to acquire and grow an investment portfolio primarily consisting of senior secured loans or pools of senior secured loans known as collateralized loan obligations ("CLOs"). Such loans will generally have a floating interest rate and include a first lien on the assets of the respective borrowers, which typically are private and public companies based in the United States. The Fund is managed by Priority Senior Secured Income Management, LLC, which is led by a team of investment professionals from the investment and operations team of Prospect Capital Management L.P. ("Prospect”). For more information, visit https://www.priorityincomefund.com. About Prospect Capital Management L.P. Prospect is an SEC-registered investment adviser headquartered in New York City that, along with its predecessors and affiliates, has 37-years of investing in and managing high-yielding debt and equity investments using both private partnerships and publicly traded closed-end structures. Prospect and its affiliates employ a team of over 150 professionals who focus on credit-oriented investments yielding attractive current income. Prospect, together with its affiliates, has $8.7 billion of assets under management as of September 30, 2024. Prospect is the investment adviser to Prospect Capital Corporation (NASDAQ: PSEC). Additional Information Forward-Looking Statements This press release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the future performance of Priority Income Fund, Inc. Words such as "believes," "expects," "projects," and "future" or similar expressions are intended to identify forward-looking statements. Any such statements, other than statements of historical fact, are highly likely to be affected by unknowable future events and conditions, including elements of the future that are or are not under the control of Priority Income Fund, Inc. and that Priority Income Fund, Inc. mayor may not have considered; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. Actual developments and results are highly likely to vary materially from any forward-looking statements. Such statements speak only as of the time when made, and Priority Income Fund, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Capricorn Daily Horoscope Today, Dec 09, 2024 predicts safe financial investments
John Magaro On How He Prepared To Tell The Olympics Story That Horrified The World In ‘September 5’RALEIGH, N.C. (AP) — The very close election for a North Carolina Supreme Court seat heads next to a hand recount even as election officials announced a machine recount of over 5.5 million ballots resulted in no margin change between the candidates. — in which ballots were run again through tabulators — that wrapped up this week showed Democratic Associate Justice Allison Riggs with a 734-vote lead over Republican challenger Jefferson Griffin, who is a Court of Appeals judge. Most county election boards reported minor vote changes from the machine recount requested by Griffin. But State Board of Elections data showed the post-recount lead as what Riggs held after all 100 counties fully completed their ballot canvass in November. Griffin led Riggs by about 10,000 votes on election night, and flipped to Riggs as tens of thousands of qualifying provisional and absentee ballots were added to the totals through the canvass. Griffin, who already has pending election protests challenging the validity of more than 60,000 ballots counted statewide, has asked for a partial hand-to-eye recount, which county boards will start Wednesday or Thursday. The partial hand recount applies to ballots in 3% of the voting sites in all 100 counties, chosen at random Tuesday by the state board. Once the partial recount is complete, a statewide hand recount would be ordered if the sample results differ enough from the machine recount that the result would be reversed if the difference were extrapolated to all ballots. Riggs, who was appointed to the Supreme Court in 2023 and now seeks an eight-year term, again claimed victory Tuesday. In a campaign news release, spokesperson Embry Owen said Griffin “needs to immediately concede – losing candidates must respect the will of voters and not needlessly waste state resources.” Riggs is one of two Democrats on the seven-member court. Through attorneys, Griffin has challenged ballots that he says may not qualify for several reasons and cast doubt on the election result. Among them: voter registration records of some voters casting ballots lack driver's license or partial Social Security numbers, and overseas voters never living in North Carolina may run afoul of state residency requirements. State and county boards are considering the protests. Griffin's attorneys on Monday asked the state board to accelerate the matters before it and make a final ruling early next week. "Our priority remains ensuring that every legal vote is counted and that the public can trust the integrity of this election,” state Republican Party spokesperson Matt Mercer said in a news release. Final rulings by the state board can be appealed to state court. Joining Griffin in protests are three Republican legislative candidates who still trailed narrowly in their respective races after the machine recounts. The Supreme Court race and two of these three legislative races have not been called by The Associated Press. The key pending legislative race is for a House seat covering Granville County and parts of Vance County. Republican Rep. Frank Sossamon trails Democratic challenger Bryan Cohn by 228 votes, down from 233 votes before the recount. Sossamon also asked for a partial hard recount in his race, which was to begin Tuesday. Should Cohn win, Republicans will fall one seat short of the 72 needed in the 120-member House to retain its veto-proof majority — giving more Senate Republicans already have won 30 of the 50 seats needed to retain its supermajority in their chamber. The AP on Tuesday did call another legislative race not subject to a protest, as Mecklenburg County GOP Rep. Tricia Cotham won her reelection bid over Democrat Nicole Sidman. A machine recount showed Cotham ahead of Sidman by 213 votes, compared to 216 after the county canvass. Cotham’s to the Republicans in April 2023 secured the Republicans' 72-seat veto-proof majority so that Democratic Gov. Roy Cooper’s vetoes could be overridden by relying solely on GOP lawmakers.