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Sowei 2025-01-13
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phh.777 California’s Central Valley will be left behind no more, its leaders and Gov. Gavin Newsom said Thursday as the region became the first in the state to meet with the governor to submit its 20-year economic development plan, which aims to boost its agricultural industry and prepare for a key role in the green economy. The event in Fresno builds on the governor’s initiative , which he introduced in March , to invest in economic and workforce development with a focus on 13 regions as the state tries to help create more opportunities outside of its traditional jobs centers, such as the Bay Area and Los Angeles. “A thriving Sierra San Joaquin region is essential to California’s future,” said Ashley Swearengin, chief executive of the Central Valley Community Foundation, which helped bring together the counties in the region to create the 502-page plan, which was funded by the state. She handed a binder with the plan to Newsom during the press conference. Among other things, the counties of Madera, Fresno, Kings and Tulare are asking for $58 billion in public and private investments in the region over the next couple of decades, according to a draft of the plan from August. The region, which produces 25% of the nation’s food supply, has an annual output of $70 billion, the plan says. Despite its agricultural contributions and the major role it’s expected to play in helping generate the state’s renewable energy, 1 in 5 people in the region live below the poverty line, said Swearengin, a former Fresno mayor. “The challenges that confront this region’s families must always be present in our minds.” The governor said he expects to take the other regions’ plans and release a statewide blueprint in January. The state has set aside $182 million so far in grants to follow through on the plans. There’s optimism around the state’s focus on regions. Kate Gordon, CEO of California Forward, a nonprofit organization that focuses on the California economy and a former director of the governor’s Office of Planning and Research under Newsom, said “across California, stakeholders are getting together on a thoughtful approach” to creating high-quality jobs. Gordon added that some people “don’t feel themselves as part of the economy right now,” and that the regions working on their own strategies was “an incredibly inclusive process.” Newsom acknowledged what he called economic uneasiness among the state’s residents despite fairly low unemployment. “This is about people feeling on edge,” the governor said, adding that he is “excited” to support grant applications from the region. “It’s not talking about macro conditions, but about micro lived reality.” A common takeaway from this year’s elections is that voters made their decisions partly because of their economic concerns, at least according to exit polls. Newsom, who is heading into his final two years as governor, says he’s responding to those concerns . Republicans continually criticize him for being out of touch with the daily struggles of many Californians. Even as his national stature has grown , the state’s voters are split on his performance as governor . The governor made today’s announcement in Fresno County, where 51% voted for Donald Trump and 46% voted for Vice President Kamala Harris, with all but 7,100 votes counted. In 2020, Trump lost the county to Democrat Joe Biden 53% to 45%. Fresno County, which has a per-capita income of about $50,000 a year, among the lowest in California, has also consistently had among the highest unemployment claims in the state, according to data from the Employment Development Department. California’s unemployment rate inched up in October, to 5.4% from 5.3% the previous month. That’s the second-highest jobless rate in the nation, behind Nevada, while the U.S. unemployment rate is 4.1%. This week, the state’s nonpartisan Legislative Analyst’s office noted in its fiscal outlook for the next year : “Outside of government and health care, the state has added no jobs in a year and a half.”

Liverpool dealt major double injury blow before Manchester City visit

NEW DELHI: India's 26 major listed real estate firms have sold properties worth nearly Rs 35,000 crore during the September quarter with Godrej Properties reporting highest sales bookings. According to the data compiled from regulatory filings, the 26 major listed realty firms have reported a combined sales bookings of Rs 34,985 crore in the second quarter of the current fiscal year. Bulk of pre-sales (sales bookings) came from residential segment. In terms of sales bookings, Godrej Properties emerged as the largest listed player during July-September quarter with pre-sales of Rs 5,198 crore. Mumbai-based Macrotech Developers Ltd, which sells properties under the Lodha brand, reported sales bookings of Rs 4,290 crore during the quarter under review. Delhi-NCR-based Max Estates sold properties worth Rs 4,100 crore, while Bengaluru-based Prestige Estates Projects Ltd clocked sales bookings of Rs 4,022.6 crore during the quarter. Delhi-NCR based Signature Global achieved sales bookings of Rs 2,780 crore in the September quarter, driven by strong demand for its housing projects at Gurugram. DLF Ltd, the country's largest realty firm in terms of market capitalisation, sales bookings declined sharply during the July-September period to Rs 692 crore as it did not launch any new housing project. Among other major listed players, Bengaluru-based Brigade Enterprises Ltd reported a sales bookings of Rs 1,821 crore during July-September period of this fiscal year, while Mumbai-based Oberoi Realty did pre-sales of Rs 1,442.46 crore. Mumbai-based Aditya Birla Real Estate sold properties worth Rs 1,412 crore. Bengaluru-based Puravankara Ltd and Sobha Ltd clocked sales bookings of Rs 1,331 crore and Rs 1,178.5 crore, respectively. Delhi-based TARC Ltd also performed well and achieved pre-sales of Rs 1,012 crore during the September quarter. There were many players that reported sales between Rs 500 crore and Rs 1,000 crore during the second quarter of this fiscal year. Pune-based Kolte-Patil Developers Ltd sold properties worth Rs 770 crore, while Mumbai-based Keystone Realtors (Rustomjee brand) achieved pre-sales of Rs 700 crore. Delhi-based Ashiana Housing Ltd reported sales bookings of Rs 673 crore during the September quarter while Bengaluru-based Shriram Properties clocked pre-sales of Rs 568 crore. Mumbai-based firms Raymond Ltd and Sunteck Realty Ltd sold properties worth Rs 562 crore and Rs 524 crore, respectively. Among listed firms that booked less than Rs 500 crore, Ahmedabad-based Arvind Smartspaces sold properties worth Rs 464 crore during the July-September period. Mumbai-based Mahindra Lifespace Developers Ltd achieved a sales bookings of Rs 397 crore. Mumbai-based realtors Arihant SuperstructuresLtd, Ajmera Realty & Infrastructure Ltd and Arkade Developers Ltd reported sales bookings of Rs 270.8 crore, Rs 254 crore and Rs 215 crore, respectively. Suraj Estate Developers sold properties worth Rs 107 crore, while Lucknow-based Eldeco Housing & Industries Ltd clocked pre-sales of Rs 102.9 crore. Mumbai-based Equinox India Developments Ltd (earlier Indiabulls Real Estate Ltd) achieved pre-sales of mere Rs 98 crore during the second quarter of this fiscal year. Sales bookings of many listed entities have declined in the second quarter of 2024-25 because of inauspicious Shraadh period, monsoon rain and also lack of regulatory approvals to launch their projects. For example, DLF Ltd's pre-sales plunged to Rs 692 crore in the September quarter from Rs 6,404 crore in the first quarter of this fiscal. Sales bookings data of many listed players was not available on the stock exchanges. Post-Covid pandemic, the residential real estate segment has revived strongly because of pent-up demand growing desire to have homeownership. Housing prices too have appreciated significantly. Housing market is witnessing a shift in consumer demand towards those realty companies and brands which have better track record of executing real estate projects. Real estate developers, which are not listed on stock exchanges, generally do not report their quarterly and annual sales bookings. Branded and reputed players, including both listed and unlisted ones, have benefited most in this revival cycle as homebuyers do not want to take risk of getting stuck in real estate projects after making payments. Thousands of buyers of many NCR-based builders, like Unitech and Jaypee Infratech, are stuck and fighting legal cases in real estate regulatory authorities at the state-level, tribunals, and courts.

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UnitedHealth projects 2025 operating cash flow below estimates

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