ICEYE expands its Earth Observation capabilities with launch of two SAR satellites for mid-inclination orbit on the Bandwagon-2 mission with SpaceX
WASHINGTON (AP) — Former Rep. Matt Gaetz said Friday that he will not be returning to Congress after withdrawing his name from consideration to be attorney general under President-elect Donald Trump amid growing allegations of sexual misconduct. “I’m still going to be in the fight, but it’s going to be from a new perch. I do not intend to join the 119th Congress,” Gaetz told conservative commentator Charlie Kirk, adding that he has “some other goals in life that I’m eager to pursue with my wife and my family.” The announcement comes a day after Gaetz, a Florida Republican, stepped aside from the Cabinet nomination process amid growing fallout from federal and House Ethics investigations that cast doubt on his ability to be confirmed as the nation’s chief federal law enforcement officer. The 42-year-old has vehemently denied the allegations against him. Gaetz's nomination as attorney general had stunned many career lawyers inside the Justice Department, but reflected Trump's desire to place a loyalist in a department he has marked for retribution following the criminal cases against him. Hours after Gaetz withdrew, Trump nominated Pam Bondi, the former Florida attorney general, who would come to the job with years of legal work under her belt and that other trait Trump prizes above all: loyalty. It's unclear what's next for Gaetz, who is no longer a member of the House. He surprised colleagues by resigning from Congress the same day that Trump nominated him for attorney general. Some speculated he could still be sworn into office for another two-year term on Jan. 3, given that he had just won reelection earlier this month. But Gaetz, who has been in state and national politics for 14 years, said he's done with Congress. “I think that eight years is probably enough time in the United States Congress," he said.WASHINGTON (AP) — Special counsel Jack Smith moved to abandon two criminal cases against Donald Trump on Monday, acknowledging that Trump’s return to the White House will preclude attempts to federally prosecute him for retaining classified documents or trying to overturn his 2020 election defeat. The decision was inevitable, since longstanding Justice Department policy says sitting presidents cannot face criminal prosecution. Yet it was still a momentous finale to an unprecedented chapter in political and law enforcement history, as federal officials attempted to hold accountable a former president while he was simultaneously running for another term. In court filings, Smith's team emphasized that the move to abandon their prosecutions was not a reflection of the merit of the cases but a recognition of the legal shield that surrounds any commander in chief. “That prohibition is categorical and does not turn on the gravity of the crimes charged, the strength of the Government’s proof, or the merits of the prosecution, which the Government stands fully behind,” the prosecutors wrote in one of their filings. Smith’s team said it was leaving intact charges against two co-defendants in the classified documents case — Trump valet Walt Nauta and Mar-a-Lago property manager Carlos De Oliveira — because “no principle of temporary immunity applies to them.” Steven Cheung, Trump's incoming White House communications director, welcomed the decision to drop the prosecutions against the president-elect, describing it as a “major victory for the rule of law.” "The American People and President Trump want an immediate end to the political weaponization of our justice system and we look forward to uniting our country,” Cheung said in a statement. Trump has long described the investigations as politically motivated, and he has vowed to fire Smith as soon as he takes office in January. Now he will re-enter the White House free from criminal scrutiny by the government that he will lead. The election case brought last year was once seen as one of the most serious legal threats facing Trump as he tried to reclaim the White House. He was indicted for plotting to overturn his defeat to Joe Biden in 2020, an effort that climaxed with his supporters' violent attack on the U.S. Capitol on Jan. 6, 2021. But the case quickly stalled amid legal fighting over Trump’s sweeping claims of immunity from prosecution for acts he took while in the White House. The U.S. Supreme Court in July ruled for the first time that former presidents have broad immunity from prosecution, and sent the case back to U.S. District Judge Tanya Chutkan to determine which allegations in the indictment, if any, could proceed to trial. The case was just beginning to pick up steam again in the trial court in the weeks leading up to this year’s election. Smith’s team in October filed a lengthy brief laying out new evidence they planned to use against him at trial, accusing him of “resorting to crimes” in an increasingly desperate effort to overturn the will of voters after he lost to Biden. The separate case involving classified documents had been widely seen as legally clear cut, especially because the conduct in question occurred after Trump left the White House and lost the powers of the presidency. The indictment included dozens of felony counts accusing him of illegally hoarding classified records from his presidency at his Mar-a-Lago estate in Palm Beach, Florida, and obstructing federal efforts to get them back. He has pleaded not guilty and denied wrongdoing. The case quickly became snarled by delays, with U.S. District Judge Aileen Cannon slow to issue rulings — which favored Trump’s strategy of pushing off deadlines in all his criminal cases — while also entertaining defense motions and arguments that experts said other judges would have dispensed with without hearings. In May, she indefinitely canceled the trial date amid a series of unresolved legal issues before dismissing the case outright two months later. Smith’s team appealed the decision, but now has given up that effort. ___ Associated Press writer Colleen Long contributed to this story. Alanna Durkin Richer, Eric Tucker And Chris Megerian, The Associated PressIs Outlook down? Thousands of Microsoft 365 users report outage issues
Abortion has become slightly more common despite bans or deep restrictions in most Republican-controlled states, and the legal and political fights over its future are not over yet. It’s now been two and a half years since the U.S. Supreme Court overturned Roe v. Wade and opened the door for states to implement bans. The policies and their impact have been in flux ever since the ruling in Dobbs v. Jackson Women’s Health Organization. Here’s a look at data on where things stand: Abortions are slightly more common now than before Dobbs Overturning Roe and enforcing abortion bans has changed how woman obtain abortions in the U.S. But one thing it hasn’t done is put a dent in the number of abortions being obtained. There have been slightly more monthly abortions across the country recently than there were in the months leading up to the June 2022 ruling, even as the number in states with bans dropped to near zero. “Abortion bans don’t actually prevent abortions from happening,” said Ushma Upadhyay, a public health social scientist at the University of California San Francisco. But, she said, they do change care. For women in some states, there are major obstacles to getting abortions — and advocates say that low-income, minority and immigrant women are least likely to be able to get them when they want. For those living in states with bans, the ways to access abortion are through travel or abortion pills. Pills become a bigger part of equation — and the legal questions As the bans swept in, abortion pills became a bigger part of the equation. They were involved in about half the abortions before Dobbs. More recently, it’s been closer to two-thirds of them, according to research by the Guttmacher Institute. The uptick of that kind of abortion, usually involving a combination of two drugs, was underway before the ruling. But now, it’s become more common for pill prescriptions to be made by telehealth. By the summer of 2024, about 1 in 10 abortions was via pills prescribed via telehealth to patients in states where abortion is banned. As a result, the pills are now at the center of battles over abortion access. This month, Texas sued a New York doctor for prescribing pills to a Texas woman via telemedicine. There’s also an effort by Idaho, Kansas and Missouri to roll back their federal approvals and treat them as “controlled dangerous substances,” and a push for the federal government to start enforcing a 19th-century federal law to ban mailing them. Travel for abortion has increased Clinics have closed or halted abortions in states with bans. But a network of efforts to get women seeking abortions to places where they’re legal has strengthened and travel for abortion is now common. The Guttmacher Institute found that more than twice as many Texas residents obtained abortion in 2023 in New Mexico as New Mexico residents did. And as many Texans received them in Kansas as Kansans. Abortion funds, which benefitted from “rage giving” in 2022, have helped pay the costs for many abortion-seekers. But some funds have had to cap how much they can give. The abortion map has been in flux Since the downfall of Roe, the actions of lawmakers and courts have kept shifting where abortion is legal and under what conditions. Here’s where it stands now: The ban that took eff ect in Florida this year has been a game-changer Florida, the nation’s third most-populous state, began enforcing a ban on abortions after the first six weeks of pregnancy on May 1. That immediately changed the state from one that was a refuge for other Southerners seeking abortion to an exporter of people looking for them. There were about 30% fewer abortions there in May compared with the average for the first three months of the year. And in June, there were 35% fewer. While the ban is not unique, the impact is especially large. The average driving time from Florida to a facility in North Carolina where abortion is available for the first 12 weeks of pregnancy is more than nine hours, according to data maintained by Caitlin Myers, a Middlebury College economics professor. Clinics have opened or expanded in some places The bans have meant clinics closed or stopped offering abortions in some states. But some states where abortion remains legal until viability — generally considered to be sometime past 21 weeks of pregnancy, though there’s no fixed time for it — have seen clinics open and expand. Illinois, Kansas and New Mexico are among the states with new clinics. There were 799 publicly identifiable abortion providers in the U.S. in May 2022, the month before the Supreme Court reversed Roe v. Wade. And by this November, it was 792, according to a tally by Myers, who is collecting data on abortion providers. But Myers says some hospitals that always provided some abortions have begun advertising it. So they’re now in the count of clinics — even though they might provide few of them. Lack of access to abortions during emergencies is threatening some patients’ lives How hospitals handle pregnancy complications, especially those that threaten the lives of the women, has emerged as a major issue since Roe was overturned. President Joe Biden’s administration says hospitals must offer abortions when they’re needed to prevent organ loss, hemorrhage or deadly infections, even in states with bans. Texas is challenging the administration’s policy and the U.S. Supreme Court this year declined to take it up after the Biden administration sued Idaho. More than 100 pregnant women seeking help in emergency rooms and were turned away or left unstable since 2022, The Associated Press found in an analysis of federal hospital investigative records. Among the complaints were a woman who miscarried in the lobby restroom of Texas emergency room after staff refused to see her and a woman who gave birth in a car after a North Carolina hospital couldn’t offer an ultrasound. The baby later died. “It is increasingly less safe to be pregnant and seeking emergency care in an emergency department,” Dara Kass, an emergency medicine doctor and former U.S. Health and Human Services official told the AP earlier this year. Abortion rights are popular with voters Since Roe was overturned, there have been 18 reproductive rights-related statewide ballot questions. Abortion rights advocates have prevailed on 14 of them and lost on four. In the 2024 election, they amended the constitutions in five states to add the right to abortion. Such measures failed in three states: In Florida, where it required 60% support; in Nebraska, which had competing abortion ballot measures; and in South Dakota, where most national abortion rights groups did support the measure. AP VoteCast data found that more than three-fifths of voters in 2024 supported abortion being legal in all or most cases — a slight uptick from 2020. The support came even as voters supported Republicans to control the White House and both houses of Congress.Fortnite update 33.10 patch notes, downtime, first-person Ballistic mode, LEGO Brick LifeHome | Andhra Pradesh | Mend Your Ways Or Face Stern Action Pawan Kalyan Warns Political Leaders Mend your ways or face stern action, Pawan Kalyan warns political leaders Andhra Pradesh Deputy Chief Minister says anyone who "attacks" or "obstructs" a government official on duty will face stern action By PTI Published Date - 28 December 2024, 10:56 PM Andhra Pradesh Deputy Chief Minister Pawan Kalyan in Kadapa on Saturday. Kadapa: Andhra Pradesh Deputy Chief Minister Pawan Kalyan on Saturday warned political leaders and said that anyone who “attacks” or “obstructs” a government official on duty will face stern action. The actor-turned-politician issued this warning after visiting a Dalit government official who was allegedly attacked by local YSRCP leader C Sudarshan Reddy. “If you (political leaders) attack officials with arrogance, we will ensure you receive fitting punishment,” Pawan Kalyan said outside Kadapa RIMS Hospital. According to Kalyan, Sudarshan Reddy, along with several others, allegedly attacked and abused Gaaliveedu Mandal Parishad Development Officer (MPDO) Jawahar Babu in Annamayya district, for refusing to hand over the keys to an official room. Besides locking Babu in a room and thrashing him, casteist slurs were hurled at him, along with ‘death threats’, Kalyan said. Also Read Determined to resolve issues faced by tribals: Andhra Dy CM Pawan Kalyan He claimed that Sudharshan Reddy has a history of attacking officials, mentioning that he had targeted officials like Sekhar Naik, Pratap, and Srinivas Reddy, in the past. Castigating the YSRCP, Kalyan said the party leaders’ arrogance had not diminished even after being reduced to 11 seats and urged YS Jaganmohan Reddy to rein them in. The Deputy Chief Minister further warned YSRCP leaders and other political figures that attacks on government officials would not be tolerated. Kalyan instructed senior district officials to ensure that such incidents do not recur. Follow Us : Tags Andhra Pradesh Kadapa Pawan Kalyan YSRCP Related News YSRCP slams govt over power tariff hike, stages protests across Andhra Konda Surekha wants AP govt to initiate measures for addressing issues of Telangana devotees visiting Tirumala Telugu student dies in US after falling into frozen lake Krishna River water sharing: An ad hoc arrangement turns a perpetual bane for Telangana
BEIRUT — Israel's military launched airstrikes across Lebanon on Monday, unleashing explosions throughout the country and killing at least 31 while Israeli leaders appeared to be closing in on a negotiated ceasefire with the Hezbollah militant group. Israeli strikes hit commercial and residential buildings in Beirut as well as in the port city of Tyre. Military officials claimed they targeted areas known as Hezbollah strongholds. They issued evacuation orders for Beirut's southern suburbs, and strikes landed across the city, including meters from a Lebanese police base and the city's largest public park. The barrage came as officials indicated they were nearing agreement on a ceasefire, while Israeli Prime Minister Benjamin Netanyahu 's Security Cabinet prepared to discuss an offer on the table. Bulldozers remove the rubble of a destroyed building Monday that was hit in an Israeli airstrike in Dahiyeh, in the southern suburb of Beirut, Lebanon. Foreign ministers from the world’s leading industrialized nations also expressed cautious optimism Monday about possible progress on a ceasefire. “Knock on wood,” Italian Foreign Minister Antonio Tajani said as he opened the Group of Seven meeting outside Rome. “We are perhaps close to a ceasefire in Lebanon," he said. "Let's hope it's true and that there's no backing down at the last-minute.” A ceasefire in Gaza and Lebanon was foremost on the agenda of the G7 meeting in Fiuggi, outside Rome, that gathered ministers from Canada, France, Germany, Italy, Japan, the United Kingdom and the United States, in the last G7 encounter of the Biden administration. For the first time, the G7 ministers were joined by their counterparts from Saudi Arabia, Egypt, Jordan, the United Arab Emirates and Qatar, as well as the Secretary General of the Arab League. Thick smoke, flames and debris erupt Monday from an Israeli airstrike that targeted a building in Tayouneh, Beirut, Lebanon. Meanwhile, massive explosions lit up Lebanon's skies with flashes of orange, sending towering plumes of smoke into the air as Israeli airstrikes pounded Beirut's southern suburbs Monday. The blasts damaged buildings and left shattered glass and debris scattered across nearby streets. Some of the strikes landed close to central Beirut and near Christian neighborhoods and other targets where Israel issued evacuation warnings, including in Tyre and Nabatiyeh province. Israeli airstrikes also hit the northeast Baalbek-Hermel region without warning. Lebanon's Health Ministry said Monday that 26 people were killed in southern Lebanon, four in the eastern Baalbek-Hermel province and one in Choueifat, a neighborhood in Beirut's southern suburbs that was not subjected to evacuation warnings on Monday. The deaths brought the total toll to 3,768 killed in Lebanon throughout 13 months of war between Israel and Hezbollah and nearly two months since Israel launched its ground invasion. Many of those killed since the start of the war between Israel and Hezbollah have been civilians, and health officials said some of the recovered bodies were so severely damaged that DNA testing would be required to confirm their identities. Israel claims to have killed more than 2,000 Hezbollah members. Lebanon's Health Ministry says the war has displaced 1.2 million people. Destroyed buildings stand Monday in the area of a village in southern Lebanon as seen from northern Israel. Israeli ground forces invaded southern Lebanon in early October, meeting heavy resistance in a narrow strip of land along the border. The military previously exchanged attacks across the border with Hezbollah, an Iran-backed militant group that began firing rockets into Israel the day after the war in Gaza began last year. Lebanese politicians have decried the ongoing airstrikes and said they are impeding ceasefire negotiations. The country's deputy parliament speaker accused Israel of ramping up its bombardment to pressure Lebanon to make concessions in indirect ceasefire negotiations with Hezbollah. Elias Bousaab, an ally of the militant group, said Monday that the pressure has increased because "we are close to the hour that is decisive regarding reaching a ceasefire." Israeli officials voiced similar optimism Monday about prospects for a ceasefire. Mike Herzog, the country's ambassador to Washington, earlier in the day told Israeli Army Radio that several points had yet to be finalized. Though any deal would require agreement from the government, Herzog said Israel and Hezbollah were "close to a deal." "It can happen within days," he said. Israeli officials have said the sides are close to an agreement that would include withdrawal of Israeli forces from southern Lebanon and a pullback of Hezbollah fighters from the Israeli border. But several sticking points remain. A member of the Israeli security forces inspects an impact site Sunday after a rocket fired from Lebanon hit an area in Rinatya, outskirts of Tel Aviv, Israel. After previous hopes for a ceasefire were dashed, U.S. officials cautioned that negotiations were not yet complete and noted that there could be last-minute hitches that either delay or destroy an agreement. "Nothing is done until everything is done," White House national security spokesman John Kirby said Monday. The proposal under discussion to end the fighting calls for an initial two-month ceasefire during which Israeli forces would withdraw from Lebanon and Hezbollah would end its armed presence along the southern border south of the Litani River. The withdrawals would be accompanied by an influx of thousands more Lebanese army troops, who have been largely sidelined in the war, to patrol the border area along with an existing U.N. peacekeeping force. Western diplomats and Israeli officials said Israel demands the right to strike in Lebanon if it believes Hezbollah is violating the terms. The Lebanese government says such an arrangement would authorize violations of the country's sovereignty. There are many obstacles preventing shoppers from upholding eco-friendly habits as much as they may want to—but not all of these barriers are necessarily real, or accurately understood. Shopping sustainably simply isn't convenient or accessible for many. Those who live in apartment buildings are 50% less likely to recycle , according to Ipsos. Reasons for this can vary from lack of space to buildings being excluded altogether because of recycling contamination issues. Many believe that sustainable products are too expensive or of a lower quality. The former is often true, which does create a hurdle for many: The manufacturing processes and materials for sustainable products are pricey. For instance, organic cotton requires an intensive production process free of certain chemicals or pesticides; by definition, true eco-friendly products can't be mass-produced, further upping their price tag. Using recycled materials for packaging, or obtaining an eco certification, can also be expensive. However, although the narrative of eco-friendly products being more expensive is true, there is often more of an effort to use better quality materials that last longer than their noneco-friendly counterparts. This could end up saving consumers money in the long run: By paying more upfront, they can get more wear out of sustainable fashion, for instance. There is also undeniable political rhetoric surrounding eco-friendly products—however, despite many Conservative politicians decrying sustainable products, members of all generations are increasingly choosing to prioritize shopping sustainably regardless of their political affiliation, according to research from NYU Stern Center for Sustainable Business . This finding shows a trend toward seeing sustainability as a nonpartisan subject everyone can benefit from, no matter where they lie on the political spectrum. Some might think eco-friendly clothing, in particular, is not fashion-forward; after all, many of the top clothing retailers in the world partake in fast fashion. However, brands are increasingly being recognized as 'cool' and 'trendy' for supporting environmentally ethical practices, particularly as younger generations prioritize sustainability, as noted before. Many increasingly popular online stores are taking advantage of this paradigm shift by offering secondhand shopping options that are not only fashionable, but also more affordable, like ThredUp or Poshmark. Additionally, many legacy large-name brands are hopping on the sustainability movement and are gaining appreciation from loyal customers. Amazon's Climate Pledge Friendly program partners with third-party certification bodies to make it easier for shoppers to identify eco-friendly products as they browse the website. H&M's newly launched H&M Rewear program debuts a resale platform that allows the resale of all clothing brands—not just their own. Similarly, Patagonia's Worn Wear program allows shoppers to trade in and buy used gear and clothing. The federal government is also working to close this gap. The Environmental Protection Agency's Safer Choice program is attempting to make sustainable shopping easier for consumers and companies alike. It includes a directory of certified products, a list of safer chemicals to look out for on labels, a "Safer Choice" label that products can earn to denote they are eco-friendly, and resources for manufacturers looking to adopt more sustainable practices. Most of all, though, the biggest way shoppers can shift toward sustainable shopping is through their behaviors and attitudes amongst their peers and communities. Studies show that humans largely care what others think of their actions; the more shoppers make environmentally conscious shopping the norm, the more others will follow suit. From an economic perspective, the more consumers shop eco-friendly, the more affordable and accessible these products will become, too: Sustainable products are currently more expensive because they are not in high demand. Once demand rises, production rates and prices can lower, making these products more accessible for all. Story editing by Carren Jao. Additional editing by Kelly Glass. Copy editing by Kristen Wegrzyn. This story originally appeared on The RealReal and was produced and distributed in partnership with Stacker Studio. On paper, being more sustainable and eco-friendly while shopping sounds great—so why don't more people do it? There is growing consumer consciousness about the environmental impact of where people choose to shop and the sustainability of the products they buy. According to McKinsey, over 60% of individuals surveyed in 2020 said they would be willing to pay more for a product that is packaged in an eco-friendly way. Since 2019, products marketed as being environmentally sustainable have seen a 28% growth in revenue compared to 20% for products with no such marketing, a 2023 McKinsey and NielsenIQ report found. Much of this is thanks to the preferences and attitudes of Gen Z, who, on average, care more than their older counterparts about being informed shoppers. The younger generation also has more social justice and environmental awareness altogether. Shoppers are willing to spend around 9.7% more on a product they know is sourced or manufactured sustainably, with 46% saying they would do so explicitly because they want to reduce their environmental footprint, according to a 2024 PwC report. Sustainable practices consumers look for from companies include production methods, packaging, and water conservation. But despite the growing consciousness around being more environmentally responsible, consumer actions don't always align with their values. In psychology, this is defined as the "say-do gap": the phenomenon wherein people openly express concern and intention around an issue, but fail to take tangible action to make a change. According to the Harvard Business Review in 2019, most consumers (65%) say they want to buy from brands that promote sustainability, but only 1 in 4 follow through. So why don't people actually shop sustainably, despite how much they express a preference for eco-friendly products—and how can we close the gap? The RealReal examined reports from the Harvard Business Review and other sources to explore why some shoppers want to buy sustainably but struggle to follow through. This lack of action isn't due to a lack of caring—in many cases, it's hard to know how to be a sustainable consumer and other factors are often outside of shoppers' control. But the more people shop sustainably, the easier and more accessible that market will be for everyone—making it much easier for folks to buy aligned with their values. Get local news delivered to your inbox!President-elect Donald Trump has chosen Republican U.S. Rep. Lori Chavez-DeRemer as his nominee to l e ad the Labor Department . The Oregon House member who narrowly lost her reelection bid earlier this month received strong backing from union members in her district. As a potential labor secretary, Chavez-DeRemer would oversee the Labor Department’s workforce and its budget and put forth priorities that impact workers’ wages, health, safety and ability to unionize, and employers' rights to fire employees, among other responsibilities. “Lori’s strong support from both the Business and Labor communities will ensure that the Labor Department can unite Americans of all backgrounds behind our Agenda for unprecedented National Success - Making America Richer, Wealthier, Stronger and more Prosperous than ever before!” Trump said in a statement. This is a developing story. Please check back for updates.
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Mid-inclination orbit provides more SAR-imaging opportunities at middle latitudes of the globe for ICEYE customers. HELSINKI, Finland , Dec. 21, 2024 /PRNewswire/ -- ICEYE, the global leader in SAR satellite operations for Earth Observation and persistent monitoring, announced today that it has launched two new satellites to its constellation of SAR satellites. Both satellites expand the availability of ICEYE's latest imaging technology to deliver additional 25 cm imaging capacity. The satellites were integrated via Exolaunch and launched as part of the Bandwagon-2 rideshare mission with SpaceX from Vandenberg Space Force Base in California, USA . Both satellites have established communication, and early routine operations are underway. With today's launch, ICEYE has successfully launched 40 satellites into orbit since 2018, with nine satellites launched in 2024 alone. The new SAR satellites were launched into mid-inclination orbits; compared to a polar orbit, these mid-inclination orbits provide more than twice the collection opportunities at middle latitudes of the globe. ICEYE customers have many areas of interest in these middle latitudes (+/- 45 degrees), and these customers will benefit from increased persistence over these regions. Customers with imaging interests outside these middle latitudes will continue to benefit from the frequent revisit enabled by ICEYE's dozens of satellites in polar orbits. ICEYE's unique mix of mid-inclination and polar orbits provides its customers with deep revisit capabilities for targets all around the globe. The new satellites will serve ICEYE's commercial missions as part of the world's largest SAR satellite constellation owned and operated by ICEYE. Rafal Modrzewski , CEO and Co-founder of ICEYE said: "This launch marks another significant milestone in ICEYE's ability to provide our customers with a rich diversity of collection opportunities. We bolster our industry-leading SAR constellation and expand our customers' collection opportunities in the areas most important to them." Today's launch is another step forward in ICEYE's steady drumbeat of innovative breakthroughs in Earth Observation. This year alone, ICEYE has, for example, introduced Dwell Precise, a new 25 cm imaging mode that offers its customers the highest-fidelity 25cm imaging capability, and adds advanced capability to ICEYE's line of Dwell products; launched an API that allows customers to directly task its SAR satellite constellation; and launched ICEYE Ocean Vision to provide actionable intelligence for maritime domain awareness. About ICEYE ICEYE delivers unparalleled persistent monitoring capabilities to detect and respond to changes in any location on Earth, faster and more accurately than ever before. Owning the world's largest synthetic aperture radar (SAR) satellite constellation, ICEYE provides objective, near real-time insights, ensuring that customers have unmatched access to actionable high-quality data, day or night, even in challenging environmental conditions. As a trusted partner to governments and commercial industries, ICEYE delivers intelligence in sectors such as insurance, natural catastrophe response and recovery, security, maritime monitoring, and finance, enabling decision-making that contributes to community resilience and sustainable development. ICEYE operates internationally with offices in Finland , Poland , Spain , the UK, Australia , Japan , UAE, Greece , and the US. We have more than 700 employees, inspired by the shared vision of improving life on Earth by becoming the global source of truth in Earth Observation. Media contact: press@iceye.com Visit www.iceye.com and follow ICEYE on LinkedIn and X for the latest updates and insights. View original content to download multimedia: https://www.prnewswire.com/news-releases/iceye-expands-its-earth-observation-capabilities-with-launch-of-two-sar-satellites-for-mid-inclination-orbit-on-the-bandwagon-2-mission-with-spacex-302337876.html SOURCE ICEYE
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India’s Public Sector Banks (PSBs) achieved their highest-ever aggregate net profit of ₹1.41 lakh crore in fiscal year 2023-24. This historic performance underscores the sector’s strong recovery, which is supported by a major increase in asset quality. The Gross Non-Performing Assets (GNPA) ratio fell dramatically, down to 3.12% in September 2024. In the first half of 2024-25, they had a net profit of ₹ 85,520 crore, indicating continuous growth. In addition to their excellent performance, PSBs have contributed significantly to shareholder returns, paying a total dividend of ₹61,964 crore over the last three years. This tremendous financial increase demonstrates the sector’s operating efficiency, higher asset quality, and stronger capital foundation. How the banking sector suffered as a result of massive non-performing assets generated during the Congress government Let’s go back before 2014 when PM Modi was not in power, many social media experts and politicians were not aware how these NPA’s generated. (Non-Performing Assets), as per RBI report and information given by FM Nirmala Sitharaman, Gross advances of the state owned bank increased from Rs 18.19 lakh crore in FY 2008 to Rs 52.16 lakh crore as on FY 2014 (before PM Modi). She also informed that this aggressive lending practices, wilful default, corruption in some cases and economic slowdown led to spurt in stressed assets. It was easier for PM Modi to come forward after being elected in May 2014 and release a white paper with facts and numbers on how the economy was given over to him, mentioning that he wouldn’t be able to do anything for the next five years. PM Modi is known for dealing with adversity and being a man of action. He decided to tackle this as a challenge and began working with then-FM Late Shri Arun Jaitley. He did the right thing by not hiding NPA but bringing it to the surface for action. Mentioning a few steps to understand the acts accomplished. The IBC (Insolvency and Bankruptcy code), SARFAESI (Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest) act and stressed asset management verticals... The government has taken comprehensive steps under it’s 4R’s strategy, Recognising NPA’s transparently Resolving and Recovering value from stressed accounts Recapitalising PSB’s Reforms in banks and financial ecosystem to ensure a responsible and clean system. These numerous approaches enabled the government recover Rs 3.59 lakh crore from PSBs by April 2019 and the Gross Non-Performing Assets (GNPA) ratio fell dramatically, down to 3.12% in September 2024. Decline in GNPA: Strengthening PSB Resilience The Gross NPA ratio of Public Sector Banks has undergone a significant turnaround, decreasing to 3.12% in September 2024 from a peak of 14.58% in March 2018. This large drop indicates the success of focused actions to relieve stress in the banking sector. The Asset Quality Review (AQR), undertaken by the Reserve Bank of India in 2015, marked a watershed moment. This initiative sought to uncover and resolve latent stress in banks by requiring the transparent identification of NPAs. It also reclassified previously restructured loans as NPAs, causing a significant increase in reported NPAs. During this period, banks faced increased provisioning requirements that limited their ability to lend and assist productive industries.These were written off but ultimately recovered. As a result, do not confuse waive-off with written-off. The process is ongoing, and no one will be spared by PM Modi within the confines of the law of the land, which is why fear mongering and the creation of false news with distorted data are being distributed on many platforms to harm his reputation. Finally, this allows social media warriors to go extensively into the claims against PM Modi in order to uncover true evidence about prior corruption or malpractices committed by the bosses of false news providers. We are witnessing lot of mis-information being spread in social media about loan written off for big industrialists or people shown close to PM Modi by main stream media. The ultimate purpose is to show PM Modi is corrupt and dancing to the tunes of these biggies. Let’s understand the difference between written off and waive off in simple terms. If someone borrows Rs 100 from you this month but is unable to repay you during the fiscal year as promised, you will write off this amount from your balance sheet as per long-standing accounting practice (not discovered by PM Modi), but you will still pursue him to recover your money, and you may use legal action against him if he does not follow the agreement/contract. When you waive off a debt, you are entirely releasing him from the need to pay a specific sum, and there will be no legal penalties for the debtor. A loan waiver for farmers is an appropriate example. Beyond their financial accomplishments, these banks have played an important role in promoting financial inclusion. They have implemented critical government schemes, such as the Atal Pension Yojana and the Pradhan Mantri Jeevan Jyoti Bima Yojana, to name a few. These efforts have guaranteed that critical benefits reach underrepresented areas of society. The government of India has actively supported the sector with reforms, welfare initiatives, and strong policies. This has enhanced the banking system by promoting greater openness, stability, and inclusivity. PSBs continue to expand their presence across the country, hence increasing financial inclusion. Their stronger financial base and improved asset quality have allowed them to enter markets freely, lessening their need on government recapitalization. Here’s how PSBs and SCBs are promoting financial inclusion: Various key financial inclusion projects (PM Mudra, Stand-Up India, PM-SVANidhi, and PM Vishwakarma) have sanctioned. 54 crore Jan Dhan accounts and over 52 crore collateral-free loans. The number of bank branches has expanded from 1,17,990 in March 2014 to 1,60,501 in September 2024, with 1,00,686 located in Rural and Semi-Urban (RUSU) areas. The Kisan Credit Card (KCC) Scheme attempts to offer farmers short-term agricultural financing. As of September 2024, the total number of operative KCC accounts was 7.71 crore, with a total outstanding of Rs. 9.88 lakh crore. The Government of India (GoI) has continually provided affordable loans to the MSME sector through a variety of initiatives. MSME advances have grown at a CAGR of 15 per cent over the last three years, with total advances as of March 31, 2024 standing at Rs. 28.04 lakh crore, or a 17.2 per cent annual growth rate. Scheduled Commercial Banks’ gross advances climbed from Rs. 8.5 lakh crore to Rs. 61 lakh crore between 2004 and 2014, and have since expanded significantly to Rs. 175 lakh crore by March 2024. In recent years, India’s public sector banks have made amazing progress, reaching new financial milestones and considerably contributing to the country’s economic stability and growth. The decrease in Gross Non-Performing Assets (GNPA) and the improvement in Capital to Risk (Weighted) Assets Ratio (CRAR) demonstrate the sector’s resilience and good risk management methods. The EASE framework has been critical in implementing changes, encouraging cautious lending, and leveraging technology to improve banking services. The focus on financial inclusion has increased access to banks, providing millions with affordable credit and insurance. PSBs, with a stronger financial foundation and enhanced asset quality, are well-positioned to contribute to India’s development agenda and drive inclusive growth.WASHINGTON (AP) — Washington Capitals star Alex Ovechkin has a broken left fibula and is expected to miss 4 to 6 weeks.As open enrollment for Affordable Care Act plans continues through Jan. 15, you’re likely seeing fewer social media ads promising monthly cash cards worth hundreds, if not thousands, of dollars that you can use for groceries, medical bills, rent and other expenses. But don’t worry. You haven’t missed out on any windfalls. Clicking on one of those ads would not have provided you with a cash card — at least not worth hundreds or thousands. But you might have found yourself switched to a health insurance plan you did not authorize, unable to afford treatment for an unforeseen medical emergency, and owing thousands of dollars to the IRS, according to an ongoing lawsuit against companies and individuals who plaintiffs say masterminded the ads and alleged scams committed against millions of people who responded to them. The absence of those once-ubiquitous ads are likely a result of the federal government suspending access to the ACA marketplace for two companies that market health insurance out of South Florida offices, amid accusations they used “fraudulent” ads to lure customers and then switched their insurance plans and agents without their knowledge. In its suspension letter, the Centers for Medicare & Medicaid Services (CMS) cited “credible allegations of misconduct” in the agency’s decision to suspend the abilities of two companies — TrueCoverage (doing business as Inshura) and BenefitAlign — to transact information with the marketplace. CMS licenses and monitors agencies that use their own websites and information technology platforms to enroll health insurance customers in ACA plans offered in the federal marketplace. The alleged scheme affected millions of consumers, according to a lawsuit winding its way through U.S. District Court in Fort Lauderdale that seeks class-action status. An amended version of the suit, filed in August, increased the number of defendants from six to 12: — TrueCoverage LLC, an Albuquerque, New Mexico-based health insurance agency with large offices in Miami, Miramar and Deerfield Beach. TrueCoverage is a sub-tenant of the South Florida Sun Sentinel in a building leased by the newspaper in Deerfield Beach. — Enhance Health LLC, a Sunrise-based health insurance agency that the lawsuit says was founded by Matthew Herman, also named as a defendant, with a $150 million investment from hedge fund Bain Capital’s insurance division. Bain Capital Insurance Fund LP is also a defendant. — Speridian Technologies LLC, accused in the lawsuit of establishing two direct enrollment platforms that provided TrueCoverage and other agencies access to the ACA marketplace. — Benefitalign LLC, identified in the suit as one of the direct enrollment platforms created by Speridian. Like Speridian and TrueCoverage, the company is based in Albuquerque, New Mexico. — Number One Prospecting LLC, doing business as Minerva Marketing, based in Fort Lauderdale, and its founder, Brandon Bowsky, accused of developing the social media ads that drove customers — or “leads” — to the health insurance agencies. — Digital Media Solutions LLC, doing business as Protect Health, a Miami-based agency that the suit says bought Minerva’s “fraudulent” ads. In September, the company filed for Chapter 11 protection from creditors in United States Bankruptcy Court in Texas, which automatically suspended claims filed against the company. — Net Health Affiliates Inc., an Aventura-based agency the lawsuit says was associated with Enhance Health and like it, bought leads from Minerva. — Garish Panicker, identified in the lawsuit as half-owner of Speridian Global Holdings and day-to-day controller of companies under its umbrella, including TrueCoverage, Benefitalign and Speridian Technologies. — Matthew Goldfuss, accused by the suit of overseeing and directing TrueCoverage’s ACA enrollment efforts. All of the defendants have filed motions to dismiss the lawsuit. The motions deny the allegations and argue that the plaintiffs failed to properly state their claims and lack the standing to file the complaints. The Sun Sentinel sent requests for comment and lists of questions about the cases to four separate law firms representing separate groups of defendants. Three of the law firms — one representing Brandon Bowsky and Number One Prospecting LLC d/b/a Minerva Marketing, and two others representing Net Health Affiliates Inc. and Bain Capital Insurance Fund — did not respond to the requests. A representative of Enhance Health LLC and Matthew Herman, Olga M. Vieira of the Miami-based firm Quinn Emanuel Urquhart & Sullivan LLP, responded with a short message saying she was glad the newspaper knew a motion to dismiss the charges had been filed by the defendants. She also said that, “Enhance has denied all the allegations as reported previously in the media.” Catherine Riedel, a communications specialist representing TrueCoverage LLC, Benefitalign LLC, Speridian Technologies LLC, Girish Panicker and Matthew Goldfuss, issued the following statement: “TrueCoverage takes these allegations very seriously and is responding appropriately. While we cannot comment on ongoing litigation, we strongly believe that the allegations are baseless and without merit. “Compliance is our business. The TrueCoverage team records and reviews every call with a customer, including during Open Enrollment when roughly 500 agents handle nearly 30,000 calls a day. No customer is enrolled into any policy without a formal verbal consent given by the customer. If any customer calls in as a result of misleading content presented by third-party marketing vendors, agents are trained to correct such misinformation and action is taken against such third-party vendors.” Through Riedel, the defendants declined to answer follow-up questions, including whether the company remains in business, whether it continues to enroll Affordable Care Act clients, and whether it is still operating its New Mexico call center using another affiliated technology platform. The suspension notification from the Centers for Medicare and Medicaid Services letter cites several factors, including the histories of noncompliance and previous suspensions. The letter noted suspicion that TrueCoverage and Benefitalign were storing consumers’ personally identifiable information in databases located in India and possibly other overseas locations in violation of the centers’ rules. The letter also notes allegations against the companies in the pending lawsuit that “they engaged in a variety of illegal practices, including violations of the (Racketeer Influenced & Corrupt Organizations, or RICO Act), misuse of consumer (personal identifiable information) and insurance fraud.” The amended lawsuit filed in August names as plaintiffs five individuals who say their insurance plans were changed and two agencies who say they lost money when they were replaced as agents. The lawsuit accuses the defendants of 55 counts of wrongdoing, ranging from running ads offering thousands of dollars in cash that they knew would never be provided directly to consumers, switching millions of consumers into different insurance policies without their authorization, misstating their household incomes to make them eligible for $0 premium coverage, and “stealing” commissions by switching the agents listed in their accounts. TrueCoverage, Enhance Health, Protect Health, and some of their associates “engaged in hundreds of thousands of agent-of-record swaps to steal other agents’ commissions,” the suit states. “Using the Benefitalign and Inshura platforms, they created large spreadsheet lists of consumer names, dates of birth and zip codes.” They provided those spreadsheets to agents, it says, and instructed them to access platforms linked to the ACA marketplace and change the customers’ agents of record “without telling the client or providing informed consent.” “In doing so, they immediately captured the monthly commissions of agents ... who had originally worked with the consumers directly to sign them up,” the lawsuit asserts. TrueCoverage employees who complained about dealing with prospects who called looking for cash cards were routinely chided by supervisors who told them to be vague and keep making money, the suit says. When the Centers for Medicare and Medicaid Services began contacting the company in January about customer complaints, the suit says TrueCoverage enrollment supervisor Matthew Goldfuss sent an email instructing agents “do not respond.” The lawsuit states the “scheme” was made possible in 2021 when Congress passed the American Rescue Plan Act in the wake of the COVID pandemic. The act made it possible for Americans with household incomes between 100% and 150% of the federal poverty level to pay zero in premiums and it enabled those consumers to enroll in ACA plans all year round, instead of during the three-month open enrollment period from November to January. Experienced health insurance brokers recognized the opportunity presented by the changes, the lawsuit says. More than 40 million Americans live within 100% and 150% of the federal poverty level, while only 15 million had ACA insurance at the time. The defendants developed or benefited from online ads, the lawsuit says, which falsely promised “hundreds and sometimes thousands of dollars per month in cash benefits such as subsidy cards to pay for common expenses like rent, groceries, and gas.” Consumers who clicked on the ads were brought to a landing page that asked a few qualifying questions, and if their answers suggested that they might qualify for a low-cost or no-cost plan, they were provided a phone number to a health insurance agency. There was a major problem with the plan, according to the lawsuit. “Customers believe they are being routed to someone who will send them a free cash card, not enroll them in health insurance.” By law, the federal government sends subsidies for ACA plans to insurance companies, and not to individual consumers. Scripts were developed requiring agents not to mention a cash card, and if a customer mentions a cash card, “be vague” and tell the caller that only the insurance carrier can provide that information, the lawsuit alleges. In September, the defendants filed a motion to dismiss the claims. In addition to denying the charges, they argued that the class plaintiffs lacked the standing to make the accusations and failed to demonstrate that they suffered harm. The motion also argued that the lawsuit’s accusations failed to meet requirements necessary to claim civil violations of the RICO Act. Miami-based attorney Jason Kellogg, representing the plaintiffs, said he doesn’t expect a ruling on the motion to dismiss the case for several months. The complaint also lists nearly 50 companies, not named as defendants, that it says fed business to TrueCoverage and Enhance Health. Known in the industry as “downlines,” most operate in office parks throughout South Florida, the lawsuit says. The lawsuit quotes former TrueCoverage employees complaining about having to work with customers lured by false cash promises in the online ads. A former employee who worked in the company’s Deerfield Beach office was quoted in the lawsuit as saying that senior TrueCoverage and Speridian executives “knew that consumers were calling in response to the false advertisements promising cash cards and they pressured agents to use them to enroll consumers into ACA plans.” A former human resources manager for TrueCoverage said sales agents frequently complained “that they did not feel comfortable having to mislead consumers,” the lawsuit said. Over two dozen agents “came to me with these complaints and showed me the false advertisements that consumers who called in were showing them,” the lawsuit quoted the former manager as saying. For much of the time the companies operated, the ACA marketplace enabled agents to easily access customer accounts using their names and Social Security numbers, change their insurance plans and switch their agents of record without their knowledge or authorization, the lawsuit says. This resulted in customers’ original agents losing their commissions and many of the policyholders finding out they suddenly owed far more for health care services than their original plans had required, the suit states. It says that one of the co-plaintiffs’ health plans was changed at least 22 times without her consent. She first discovered that she had lost her original plan when she sought to renew a prescription for her heart condition and her doctor told her she did not have health insurance, the suit states. Another co-plaintiff’s policy was switched after her husband responded to one of the cash card advertisements, the lawsuit says. That couple’s insurance plan was switched multiple times after a TrueCoverage agent excluded the wife’s income from an application so the couple would qualify. Later, they received bills from the IRS for $4,300 to cover tax credits issued to pay for the plans. CMS barred TrueCoverage and BenefitAlign from accessing the ACA marketplace. It said it received more than 90,000 complaints about unauthorized plan switches and more than 183,500 complaints about unauthorized enrollments, but the agency did not attribute all of the complaints to activities by the two companies. In addition, CMS restricted all agents’ abilities to alter policyholders’ enrollment information, the lawsuit says. Now access is allowed only for agents that already represent policyholders or if the policyholder participates in a three-way call with an agent and a marketplace employee. Between June and October, the agency barred 850 agents and brokers from accessing the marketplace “for reasonable suspicion of fraudulent or abusive conduct related to unauthorized enrollments or unauthorized plan switches,” according to an October CMS news release . The changes resulted in a “dramatic and sustained drop” in unauthorized activity, including a nearly 70% decrease in plan changes associated with an agent or broker and a nearly 90% decrease in changes to agent or broker commission information, the release said. It added that while consumers were often unaware of such changes, the opportunity to make them provided “significant financial incentive for non-compliant agents and brokers.” But CMS’ restrictions might be having unintended consequences for law-abiding agents and brokers. A story published by Insurance News Net on Nov. 11 quoted the president of the Health Agents for America (HAFA) trade group as saying agents are being suspended by CMS after being flagged by a mysterious algorithm that no one can figure out. The story quotes HAFA president Ronnell Nolan as surmising, “maybe they wrote too many policies on the same day for people who have the same income or they’re writing too many policies on people of a certain occupation.” Nolan continued, “We have members who have thousands of ACA clients. They can’t update or renew their clients. So those consumers have lost access to their professional agent, which is simply unfair.” Ron Hurtibise covers business and consumer issues for the South Florida Sun Sentinel. He can be reached by phone at 954-356-4071, on Twitter @ronhurtibise or by email at rhurtibise@sunsentinel.com.
Willow Lane Acquisition Corp. (NASDAQ: WLACU) made a significant announcement on December 27, 2024, indicating that holders of the units from its initial public offering can opt to independently trade the company’s Class A ordinary shares and warrants starting December 30, 2024. These units consist of one Class A ordinary share of the company, valued at $0.0001 per share, and one-half of a warrant, with each whole warrant entitling the holder to purchase one Class A ordinary share at $11.50 per share. Fractional warrants will not be issued upon the separation of units; only whole warrants will be available for trading. The expected trading symbols for the Class A ordinary shares and warrants are “WLAC” and “WLACW,” respectively, on the Nasdaq Global Market. To separate the units into Class A ordinary shares and warrants, holders will need to instruct their brokers to contact Continental Stock Transfer & Trust Company, the designated transfer agent for the company. The move to enable separate trading is anticipated to introduce more flexibility in trading activities for investors interested in Willow Lane Acquisition Corp. Furthermore, the filing unveiled the appointment of BTIG, LLC as the sole book-running manager for the offering. In addition to this information, according to the company’s registration statement and prospectus, potential risks and uncertain conditions could affect the forward-looking statements made by the company. Willow Lane Acquisition Corp. expressed its commitment to updating these statements as necessary, in compliance with legal requirements. The exhibit attached to the filing, labeled as Exhibit 99.1, outlines additional details regarding the separate trading initiative and provides insights into the company’s vision, operations, and future plans. Interested parties are encouraged to refer to this exhibit for a more comprehensive understanding of Willow Lane Acquisition Corp.’s strategic direction. Please note that the information provided in the announcement is based on the filing made with the Securities and Exchange Commission and is aimed at keeping all stakeholders informed about the recent developments within Willow Lane Acquisition Corp. The company continues to focus on executing its strategic objectives and enhancing shareholder value. This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Willow Lane Acquisition’s 8K filing here . Willow Lane Acquisition Company Profile ( Get Free Report ) We are a blank check company incorporated on July 3, 2024 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. Recommended Stories
Willow Lane Acquisition Corp. (NASDAQ: WLACU) made a significant announcement on December 27, 2024, indicating that holders of the units from its initial public offering can opt to independently trade the company’s Class A ordinary shares and warrants starting December 30, 2024. These units consist of one Class A ordinary share of the company, valued at $0.0001 per share, and one-half of a warrant, with each whole warrant entitling the holder to purchase one Class A ordinary share at $11.50 per share. Fractional warrants will not be issued upon the separation of units; only whole warrants will be available for trading. The expected trading symbols for the Class A ordinary shares and warrants are “WLAC” and “WLACW,” respectively, on the Nasdaq Global Market. To separate the units into Class A ordinary shares and warrants, holders will need to instruct their brokers to contact Continental Stock Transfer & Trust Company, the designated transfer agent for the company. The move to enable separate trading is anticipated to introduce more flexibility in trading activities for investors interested in Willow Lane Acquisition Corp. Furthermore, the filing unveiled the appointment of BTIG, LLC as the sole book-running manager for the offering. In addition to this information, according to the company’s registration statement and prospectus, potential risks and uncertain conditions could affect the forward-looking statements made by the company. Willow Lane Acquisition Corp. expressed its commitment to updating these statements as necessary, in compliance with legal requirements. The exhibit attached to the filing, labeled as Exhibit 99.1, outlines additional details regarding the separate trading initiative and provides insights into the company’s vision, operations, and future plans. Interested parties are encouraged to refer to this exhibit for a more comprehensive understanding of Willow Lane Acquisition Corp.’s strategic direction. Please note that the information provided in the announcement is based on the filing made with the Securities and Exchange Commission and is aimed at keeping all stakeholders informed about the recent developments within Willow Lane Acquisition Corp. The company continues to focus on executing its strategic objectives and enhancing shareholder value. This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Willow Lane Acquisition’s 8K filing here . Willow Lane Acquisition Company Profile ( Get Free Report ) We are a blank check company incorporated on July 3, 2024 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. Recommended StoriesAwolowo Foundation webinar: FG committed to gender equity advancement — Shettima
