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Advisors Asset Management Inc. Raises Position in Crinetics Pharmaceuticals, Inc. (NASDAQ:CRNX)DOGE is generating major GOP buzz on Capitol Hill â but details remain scarce
Jimmy Carter, the former US president who became a crusader for human rights and was awarded the Nobel Peace Prize in later life, has died aged 100. Mr Carter, who served as the 39th US president between 1977 and 1981, had been receiving hospice care at his home in Plains, Georgia since February 2023, according to the Carter Center, a not-for-profit body he set up to advance human rights. His death was confirmed in a statement released by The Carter Center on Sunday, local time. "My father was a hero, not only to me but to everyone who believes in peace, human rights, and unselfish love," said Chip Carter, the former president's son. "My brothers, sister, and I shared him with the rest of the world through these common beliefs. The world is our family because of the way he brought people together, and we thank you for honouring his memory by continuing to live these shared beliefs." Mr Carter lived longer after leaving the White House than any other ex-president but suffered failing health in later years, including a melanoma that spread to his liver and brain. Until mid-2020, four decades after he left office, he was still teaching at Sunday school twice a month in his tiny hometown. Prior to his centennial celebration, Carter said he was "only trying to make it to vote for Kamala Harris", grandson Jason Carter told Atlanta Journal-Constitution. He achieved that wish on October 16, with the Carter Center confirming he had voted by mail. A one-term president, Carter was arguably more influential, effective and admired as a leader after he left office. When Americans voted a peanut farmer from the deep south into the White House, it was described as the closest they had come to randomly picking a name out of the phone book. However, after the Vietnam War and Watergate scandal, they longed for an honest outsider. Mr Carter â a quietly spoken former Georgia governor with a radiant smile â seemed like the man for the time, introducing himself at the 1976 Democratic convention with the simple line: "My name is Jimmy Carter and I'm running for president." "We want to have faith again. We want to be proud again. We just want the truth again," he said. The surprise Democrat candidate stunned pundits in winning the presidency with his centrist message and brilliant campaign, promising: "I'll never tell a lie. I'll never avoid a controversial issue." Born James Earl Carter Jr, the future president grew up in the tiny town of Plains. As a young man he joined the US Navy and served in the elite nuclear submarine program, but resigned after the sudden death of his father, and returned to Plains to run the family peanut farm. He became a state senator in 1963 and was governor of Georgia from 1971 to 1975. Having been raised in segregated rural Georgia, Mr Carter's politics were influenced by the civil rights era. "The time of racial discrimination is over," he declared at his inauguration as governor. And, by the time he ascended to the White House, he had established himself as a politician with progressive values. He beat Gerald Ford â successor to the disgraced Richard Nixon â at the 1976 presidential election, two years after the climax of the Watergate affair. There were successes in office: a historic peace deal between Israel and Egypt and an arms control treaty with the Soviet Union. However, his time in office is better remembered for the events that overwhelmed it: inflation, a global energy crisis, war in Afghanistan and the US hostage crisis in Iran. The capture of US embassy staff in Tehran by revolutionaries, and the failed rescue mission that ensued, dominated the final year of the Carter administration and contributed hugely to his defeat by Ronald Reagan in 1980. But his tireless work for humanity after his presidency saw him receive the Nobel Peace Prize in 2002. He set up the non-governmental, not-for-profit Carter Center to advance human rights, advocating his enduring belief that conflicts must be solved by mediation and cooperation. "Our commitment to human rights must be absolute," he said. With his wife, Rosalynn, he was a volunteer, helping the needy at home and abroad. Rosalynn died on November 19, 2023 at the age of 96 after living with dementia. "She gave me wise guidance and encouragement when I needed it," Mr Carter said in a statement. "As long as Rosalynn was in the world, I always knew somebody loved and supported me." They were married for 78 years, having wed in 1946 when he was 21 and she was 18. Americans owe Carter 'a debt of gratitude' US president-elect Donald Trump paid tribute to the former president in a post to his platform Truth Social. "Those of us who have been fortunate to have served as President understand this is a very exclusive club, and only we can relate to the enormous responsibility of leading the Greatest Nation in History," Trump wrote. "The challenges Jimmy faced as President came at a pivotal time for our country and he did everything in his power to improve the lives of all Americans. For that, we all owe him a debt of gratitude. "Melania and I are thinking warmly of the Carter Family and their loved ones during this difficult time. We urge everyone to keep them in their hearts and prayers." Australian Prime Minister Anthony Albanese added to the tributes in a post on X. "President Jimmy Carter gave a century of noble service to the country he loved, to the cause of peace and to the lives of people in need all around the world," he wrote. "Beyond being elected to the presidency or being awarded the Nobel Peace Prize, Jimmy Carter's legacy is best measured in lives changed, saved and uplifted. "Our world is a better a place for Jimmy Carterâs life and work. May he rest in eternal peace." Opposition Leader Peter Dutton acknowledged the late president's efforts to forge a deeper relationship with Australia. "Motivated by a deep morality, he championed the cause of human rights, expanded social services and advocated for nuclear arms reduction," he said in a statement. "As we reflect on the life of President Jimmy Carter, our thoughts are with his children, his family, his Democratic Party colleagues and the American people." ABC/wires ABCWEST PALM BEACH, Fla. â Canadian Prime Minister Justin Trudeau returned home Saturday after his meeting with Donald Trump without assurances the president-elect will back away from threatened tariffs on all products from the major American trading partner. Trump called the talks âproductiveâ but signaled no retreat from a pledge that Canada says unfairly lumps it in with Mexico over the flow of drugs and migrants into the United States. After the leadersâ hastily arranged dinner Friday night at Trump's Mar-a-Lago club in Florida, Trudeau spoke of âan excellent conversation" and said in a post later Saturday on X, accompanied by a photo of the two men seated a table and smiling, that he looked forward to âthe work we can do together, again.â Trump said earlier on Truth Social that they discussed âmany important topics that will require both Countries to work together to address.â For issues in need of such cooperation, Trump cited fentanyl and the âDrug Crisis that has decimated so many lives as a result of Illegal Immigration," fair trade deals "that do not jeopardize American Workersâ and the U.S. trade deficit with its ally to the north. Trump asserted that the prime minister had made âa commitment to work with us to end this terrible devastationâ of American families from fentanyl from China reaching the United States through its neighbors. The U.S., he said, âwill no longer sit idly by as our Citizens become victims to the scourge of this Drug Epidemic.â The Republican president-elect has threatened to impose a 25% tax on all products entering the U.S. from Canada and Mexico as one of his first executive orders when he takes office in January. U.S. customs agents seized 43 pounds of fentanyl at the Canadian border last fiscal year, compared with 21,100 pounds at the Mexican border. On immigration, the U.S. Border Patrol made 56,530 arrests at the Mexican border in October alone and 23,721 arrests at the Canadian border between October 2023 and September 2024 â and Canadian officials say they are ready to make new investments in border security. Trudeau called Trump after the Republican's social media posts about the tariffs last Monday and they agreed to meet, according to a official familiar with the matter who was not authorized to publicly discuss detail of the private talks. The official said other countries are calling Canadian officials to hear how about how the meeting was arranged and to ask for advice. Mexican President Claudia Sheinbaum, after speaking with Trump on the telephone, said Thursday she was confident a tariff war with Washington would be averted. At the dinner that was said to last three hours, Trump said he and Trudeau also discussed energy, trade and the Arctic. A second official cited defense, Ukraine, NATO, China, the Mideast, pipelines and the Group of Seven meeting in Canada next year as other issues that arose. Trudeau's office said in a statement that the leaders âshared a productive wide-ranging discussionâ centering on âcollaboration and strengthening our relationship,â adding, "As Canadaâs closest friend and ally, the United States is our key partner, and we are committed to working together in the interests of Canadians and Americans.â Trump, during his first term as president, once called Trudeau âweakâ and âdishonest,â but it was the prime minister who was the first G7 leader to visit Trump since the Nov. 5 election. "Tariffs are a crucial issue for Canada and a bold move was in order. Perhaps it was a risk, but a risk worth taking,â Daniel BeĚland, a political science professor at McGill University in Montreal. Trudeau had said before leaving from Friday that Trump was elected because he promised to bring down the cost of groceries but now was talking about adding 25% to the cost of all kinds of products, including potatoes from Prince Edward Island in Atlantic Canada. âIt is important to understand that Donald Trump, when he makes statements like that, he plans on carrying them out. Thereâs no question about it,â Trudeau said. âOur responsibility is to point out that he would not just be harming Canadians, who work so well with the United States, but he would actually be raising prices for Americans citizens as well and hurting American industry and business,â he added. The threatened tariffs could essentially blow up the North American trade pact that Trumpâs team negotiated during his first term. Trudeau noted they were able to successfully renegotiate the deal, which he calls a âwin winâ for both countries. When Trump imposed higher tariffs as president, other countries responded with retaliatory tariffs of their own. Canada, for instance, announced billions of new duties in 2018 against the U.S. in a response to new taxes on Canadian steel and aluminum. Canada is the top export destination for 36 U.S. states. Nearly $3.6 billion worth of goods and services cross the border each day. About 60% of U.S. crude oil imports are from Canada, and 85% of U.S. electricity imports are from Canada. Canada is also the largest foreign supplier of steel, aluminum and uranium to the U.S. and has 34 critical minerals and metals that the Pentagon is eager for and investing in for national security. Canada is one of the most trade-dependent countries in the world, and 77% of Canadaâs exports go to the U.S.
Assembly bypolls in 15 states: BJP, allies bag over half the seatsPresbyterian wins 71-61 over Monmouth
Gus Malzahn is resigning as Central Floridaâs head coach to become Florida State âs offensive coordinator, a person familiar with the hire told The Associated Press on Saturday. The person spoke on condition of anonymity because the Seminoles have not confirmed Malzahnâs move, which is pending a state background check. ESPN first reported the decision. The Knights made official that Malzahn is leaving in a statement released a day after UCF (4-8) concluded its season with to Utah. âWe would like to thank Coach Malzahn for his contributions to our football program over the past four seasons, including our transition into the Big 12 Conference,â the school said. âWe appreciate his professionalism and dedication to our student-athletes throughout his tenure at UCF and wish he and his wife, Kristi, the very best in their future endeavors.â Malzahn finished with a 28-24 mark in four years at UCF, the last two ending with losing records after joining the Big 12. He coached at Auburn for eight seasons in 2020. Malzahn replaces offensive coordinator/offensive line coach Alex Atkins, who was fired Nov. 10 following a 52-3 loss at Notre Dame. The Seminoles rank 131st out of 134 in total offense and scoring offense, averaging 15.8 points a game heading into Saturday nightâs rivalry game against Florida. The Seminoles (2-9) have dropped significantly since going 13-1 last season and winning the Atlantic Coast Conference championship. The Knights, meanwhile, struggled mightily in Malzahnâs fourth season â most of it because of quarterback issues. Four players took snaps from center as the Knights finished 2-7 in conference play. It was the programâs worst record since going 0-12 in former coach George OâLearyâs final season in 2015. Florida State coach Mike Norvell fired Atkins, defensive coordinator Adam Fuller and receivers coach Ron Dugans amid the Seminolesâ season-long skid. ___ Get poll alerts and updates on the AP Top 25 throughout the season. Sign up . AP college football: and'My own learning journey': Boissonnault apologizes to MPs for misrepresenting Indigenous heritageLook at the numbers, and itâs easy to assume Iowa State did whatever it wanted in its matchup against Colorado a month ago. Certainly in one sense, the Cyclones did just that while routing the Buffaloes 99-71 in both teamsâ final game of the Maui Invitational on Nov. 27. CU head coach Tad Boyle, he of the defense-first ethos, typically is the last person who will defend a shoddy defensive effort by his club. Yet in that instance, it was the Buffaloesâ inability to protect the ball that led to their defensive demise. CU will get another shot at the opportunistic Cyclones on Monday, as the Buffs host No. 3 Iowa State in the Big 12 Conference opener. âYou look at giving up 99 points and what they shot against us. But to be honest, it wasnât our half-court defense,â Boyle said. âIt was the 37 points off our turnovers, and the 14 points off second chance on offensive rebounds. You put those together, and itâs 51 of their 99 are a result of us not boxing out and getting our (butts) kicked on the boards, or not taking care of the ball on offense. And Iowa State, thatâs what they feed on. They feed off of turning turnovers into layups and easy baskets. âWhen our half-court defense got set, we werenât that bad. Iâm not saying we were great defensively. But we werenât as bad as the score would indicate.â Not only did CU surrender a season-high point total, but a defense that hasnât allowed any other opponent to shoot 50% surrendered opponent season-highs in field goal percentage (.603), 3-point percentage (.440), made free throws (18) and assists (18) against the Cyclones. While CU has averaged just 12.6 turnovers in the past eight games after committing a whopping 55 through the seasonâs first three games, one glaring exception to the recent run occurred against the Cyclones. The Buffs committed 18 turnovers against ISU, and the Cyclones took advantage of just about every one of them, finishing with 37 points off turnovers. That, by far, is the highest total of points off turnovers by a CU foe this season. The next highest mark was 20 points by Northern Colorado in the second game of the season, and that was a double-overtime game. The Buffs surrendered a relatively modest seven offensive rebounds against the Cyclones but, again, ISU took advantage of all of them, finishing with 14 second-chance points. Thatâs also the most by a CU foe this season. Boyle reiterated a common theme of his after practice on Sunday that he would prefer a five-second call as opposed to wild, bail-out passes, given the Cyclonesâ ability to turn live-ball turnovers into optimal looks in transition. ISU leads the Big 12 in forced turnovers (16.0) and turnover margin (plus-6.5). âObviously weâve got to stay in front of the ball a lot better this game,â CU forward Bangot Dak said. âTheir guards were able to create a lot for others last time I feel like. And just overall, all five guys were able to beat us off the bounce. Weâve got to be a way better help team. And the big key is just really taking care of the ball. They had 37 points that we basically gave to them. We just have to take care of the ball, no second-chance points, and it will be a better game.â TIPOFF : Monday, 7 p.m., CU Events Center TV/RADIO : CBS Sports Network/KOA 850 AM and 94.1 FM RECORDS : Iowa State 10-1; Colorado 9-2. COACHES : Iowa State â TJ Otzelberger, 4th season (80-36, 179-99 overall). Colorado â Tad Boyle, 15th season (307-185, 363-251 overall). KEY PLAYERS : Iowa State â G Keshon Gilbert, 6-4, Sr. (16.5 ppg, 5.2 apg, 3.2 rpg, .545 FG%); G Curtis Jones, 6-4, Sr. (16.0 ppg, 4.2 rpg, 3.1 apg, 2.7 rpg, .392 3%); F Milan Momcilovic, 6-8, So. (11.6 ppg, 3.5 rpg, .455 3%); F Joshua Jefferson, 6-9, Jr. (11.5 ppg, 8.4 rpg, .542 FG%); C Dishon Jackson, 6-11, R-Sr., (11.0 ppg, 5.2 rpg, .656 FG%); G Tamin Lipsey, 6-1, Jr. (10.1 ppg, .494 FG%). Colorado â G Julian Hammond III, 6-2, Sr. (13.1 ppg, 3.5 apg, .429 3%); C Elijah Malone, 6-10, Gr. (12.0 ppg, 4.0 rpg, .662 FG%); F Andrej Jakimovski, 6-8, Gr. (11.2 ppg, 4.7 rpg); F Trevor Baskin, 6-9, Gr. (8.7 ppg, 6.5 rpg, .509 FG%); G RJ Smith, 6-3, R-So. (7.5 ppg, 2.8 rpg, 2.5 apg, .606 3%); F Bangot Dak, 6-11, So. (6.4 ppg, 3.0 rpg); F Assane Diop, 6-8, So. (3.6 ppg, 4.8 rpg). NOTES : This will be Iowa Stateâs first visit to Boulder since Feb. 11, 2011 during the Buffsâ final season of their previous stint in the Big 12. Prior to CU leaving the Big 12 for the Pac-12, the Cyclones lost their last six games at the Events Center and nine of their last 10. ... This will be the 150th meeting between the teams, with ISU leading the series 79-70. ... CU guard Javon Ruffin is expected to be available after missing the nonconference finale against Bellarmine due to a back issue. ... Hammond recorded 12 assists the past two games with only two turnovers. Hammond enjoyed a strong game offensively against ISU last month, going 6-for-11 from the field and 6-for-6 at the free throw line. ... Smith has matched a career-high with 11 points in each of the past two games. ... Iowa State has been idle since routing Morgan State 99-72 on Dec. 22. ... The Cyclones suffered their only loss of the season in their opener at the Maui Invitational last month against No. 2 Auburn. ISU then defeated Dayton and the Buffs the next two days. ... CU faces its first Big 12 road game on Saturday against former Pac-12 rival Arizona State (4 p.m. MT, ESPN+).
Sean Gentile Launches "Parent of the Year" Contest to Celebrate Exceptional Parenting 12-05-2024 10:28 PM CET | Politics, Law & Society Press release from: Getnews / PR Agency: Erase Technologies, LLC Image: https://www.getnews.info/wp-content/uploads/2024/12/1733424186.jpeg Sean Gentile, Parent of the Year Content, Oakland Park, FL, USA Sean Gentile, MBA, launches the "Parent of the Year" contest to celebrate exceptional South Florida parents, inviting them to share their unique parenting strategies and stories, with details available starting January 1, 2025, at www.nonattorneydivorce.com Oakland Park, FL - Sean Gentile, MBA, a Certified Florida Supreme Court Family Mediator and parenting advocate, is proud to announce the launch of the highly anticipated "Parent of the Year" contest. This exciting initiative is designed to honor South Florida parents who demonstrate unwavering dedication, creativity, and love in raising their children. Launching on January 1, 2025, the contest details and entry requirements will be available on www.nonattorneydivorce.com [ http://www.nonattorneydivorce.com ]. The "Parent of the Year" contest is a unique opportunity for parents to showcase their strategies, share their struggles, and celebrate the triumphs of raising children in today's fast-paced world. Participants will complete a questionnaire addressing key aspects of parenting, including safety education, conflict resolution, academic support, and teaching financial literacy. Entrants will also share their personal stories, including the challenges they have overcome and the creative ways they nurture their children's hobbies and talents. "Parenting is one of the most impactful yet undervalued roles in our society," said Sean Gentile. "This contest is my way of recognizing the incredible work parents do every day and providing a platform for them to inspire others. Each parenting journey is unique, and we want to honor those who go above and beyond for their children." The contest includes questions that explore critical parenting topics, such as: * Teaching Safety: How do parents create a safe environment for their children, both at home and in public? From locked doors to body safety discussions, safety is a foundational element of parenting. * Effective Communication: How do parents teach their children to express themselves thoughtfully while managing their emotions constructively? * Conflict Resolution: Parents are asked to share how they teach kindness and thoughtfulness, fostering an approach to life that minimizes conflict. * Educational Support: How do parents ensure their children are meeting academic goals, such as daily reading and consistent engagement with teachers? * Financial Literacy: What strategies do parents use to teach the value of saving, budgeting, and financial goal-setting? * Hobbies and Talents: How do parents encourage their children to explore and develop their interests, whether in sports, music, or the arts? Prizes and More The contest will feature multiple winners to reflect the diverse and extraordinary approaches to parenting. Winners will be recognized on the website and celebrated for their dedication, resilience, and creativity in raising their children. About the Parent of the Year Contest The Parent of the Year contest is a South Florida-based initiative launched by Sean Gentile, MBA, to honor and inspire parents in the community. Contest details, prizes, and deadlines will be announced on January 1, 2025, at www.nonattorneydivorce.com [ http://www.nonattorneydivorce.com ]. To read more about the Parent of the Year contest, please click here [ http://www.nonattorneydivorce.com ]. Contact: seangentile009@yahoo.com Media Contact Contact Person: Sean Gentile Email: Send Email [ http://www.universalpressrelease.com/?pr=sean-gentile-launches-parent-of-the-year-contest-to-celebrate-exceptional-parenting ] City: Oakland Park State: Florida Country: United States Website: https://www.nonattorneydivorce.com/ This release was published on openPR.
The Pentagon has acknowledged potential gaps in the United Statesâ nuclear strategy as global threats escalate. Richard Johnson, a top nuclear policy official, highlighted that Russia and China are modernizing their arsenals at an unprecedented pace, prioritizing nuclear weapons in their security strategies. This dual competition presents new challenges for U.S. deterrence efforts. Assembly Election Results Live Updates Maharashtra Election Results Jharkhand Election Results Bypoll Election Results Modernization Efforts to Strengthen Deterrence In response, the U.S. has been upgrading its nuclear capabilities through the 2022 "Nuclear Posture Review." Key initiatives include producing advanced B-61 gravity bombs , deploying nuclear weapons at a U.K. airbase, and ensuring more nuclear-capable submarines are operational. These measures aim to enhance flexibility and readiness against emerging threats, with a focus on maintaining strategic stability through the 2030s. Russiaâs Aggressive Advancements Russia has intensified its focus on nuclear weapons, lowering its threshold for nuclear strikes and advancing hypersonic missile technology. President Vladimir Putin recently announced plans for the serial production of the hypersonic Oreshnik ballistic missile, tested under combat conditions at Mach 10 speeds. Putin emphasized its importance as a "guarantee of Russiaâs territorial integrity and sovereignty." Also Read: More complicated than it seems? Mila Kunis makes big confession about her relationship with Ashton Kutcher; here's what she has to say NATO Reassesses Its Nuclear Posture In light of Russiaâs actions, NATO has been reevaluating its nuclear deterrence capabilities. Non-nuclear members, such as the Netherlands, have offered advanced F-35 fighter jets to strengthen the allianceâs defense systems. Ongoing discussions among NATO officials aim to ensure the allianceâs readiness to address threats from both Russia and China. 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View Program Strategic Implications for Global Security The Pentagonâs recognition of these challenges underscores the urgent need for a robust and adaptive U.S. nuclear strategy. With the geopolitical landscape rapidly evolving, the U.S., along with NATO, must act decisively to maintain strategic balance and deter adversaries. Also Read : Is everything fine with Queen Camilla on the health front? Buckingham Palace issues surprise update; here's what the issue is FAQs: Why is the U.S. nuclear strategy under scrutiny? The U.S. nuclear strategy is being reevaluated because of the rapid modernization and diversification of nuclear arsenals by Russia and China. These nations are prioritizing nuclear weapons in their security strategies, creating significant challenges for the U.S. deterrent. How is Russia advancing its nuclear capabilities? Russia has lowered its nuclear strike threshold and is developing hypersonic missile technology. President Vladimir Putin recently announced the serial production of the Oreshnik ballistic missile, capable of flying at Mach 10 speeds, emphasizing its role in safeguarding Russiaâs sovereignty. Assembly Election Results Live Updates Maharashtra Poll Results Highlights 2024 Jharkhand Poll Results Highlights 2024 (You can now subscribe to our Economic Times WhatsApp channel )Government to block incinerators that do not contribute to green plans
Trump threatens BRICSSimon Harris was elected with 16,869 first preference votes, well above the quota. Irish premier Simon Harris has said Fine Gael will gain seats in the General Election despite a further fragmentation of Irish politics. Fine Gael won 35 seats in the 2020 election, but 18 of those TDs did not seek re-election in Fridayâs poll. An exit poll puts the partyâs support at 21%, a fraction of a percentage behind the main opposition party Sinn Fein. Mr Harris, the outgoing Taoiseach, was elected with 16,869 first preference votes, well above the quota. He celebrated with his wife Caoimhe, his parents Bart and Mary, his sister Gemma and his political team at the count centre in Greystones, Co Wicklow. Ahead of his re-election, Mr Harris told reporters he was âcautiously optimisticâ about the election result and said it was âclear that my party will gain seatsâ. âItâs also clear that Fine Gael will top the poll in at least 10 constituencies, many more than we did the last time, that we will gain seats in constituencies where we havenât had seats in many years, like Tipperary South and Waterford, and that we will add second seats in other constituencies as well,â he said. âI think the people of Ireland have now spoken. We now have to work out exactly what they have said, and that is going to take a little bit of time.â In one of the five consecutive broadcast media rounds he did from the Greystones count centre, he said there were a lot of areas where there were âstraight shoot-outsâ between Fianna Fail and Fine Gael for final seats. He described the Sinn Fein vote as âpretty significantly downâ, the Fianna Fail vote as âmarginally downâ and the Fine Gael vote as âstaticâ compared with its 2020 vote. He said it was âa very close, a very competitive electionâ and that âwe havenât seen a Sinn Fein surge or anything like itâ. He said: âIt was predicted by many that I would become the Taoiseach for a brief period of time, take over from Leo Varadkar, and then have to rebuild my party from the opposition benches as Sinn Fein led a government. âWe donât know whatâs going to happen on government formation yet, but that is now looking less likely than it was.â He acknowledged that it was âa very difficult dayâ for the Green Party and paid tribute to their work in the coalition government, alongside his party and Fianna Fail. âDefinitely, politics in Ireland has gotten much more fragmented,â he said. Fine Gael minister Helen McEntee said that her partyâs campaign had been âpositiveâ. âThe feeling on the doors was very much that people were relatively happy with the government,â she said on RTE Radio. âIt will come down to the last seats and it will come down to transfers,â she said of the final result, adding that Fianna Fail and Fine Gael were performing better than the exit poll estimated.AP Sports SummaryBrief at 6:46 p.m. EST
Dore Copper Announces Filing and Mailing of Management Information Circular in Connection with Special Meeting and Encourages Shareholders to Access Meeting Materials ElectronicallyVANCOUVER, British Columbia--(BUSINESS WIRE)--Dec 5, 2024-- lululemon athletica inc. (NASDAQ:LULU) today announced financial results for the third quarter of fiscal 2024, which ended on October 27, 2024. Calvin McDonald, Chief Executive Officer, stated: "Our performance in the third quarter shows the enduring strength of lululemon globally, as we saw continued momentum across our international markets and in Canada. Looking to the future, we are pleased with the start to our holiday season, and we remain focused on accelerating our U.S. business and growing our brand awareness around the world. Thank you to our dedicated teams for continuing to deliver for our guests and stakeholders." The adjusted non-GAAP financial measures below exclude asset impairment and other charges recognized in relation to lululemon Studio during the third quarter of 2023, and the related income tax effects of these items. For the third quarter of 2024, compared to the third quarter of 2023: Meghan Frank, Chief Financial Officer, stated: "Our third quarter results, which exceeded our expectations, demonstrate the ability of our teams to be agile in a dynamic operating environment. With the majority of the fourth quarter still in front of us, we are focused on deepening engagement with our guests and bringing new consumers into the brand. We are committed to delivering on our Power of Three Ă2 revenue target of $12.5 billion in 2026 and look forward to all that lies ahead." Stock Repurchase Program During the third quarter of 2024, the Company repurchased 1.6 million shares of its common stock for a cost of $408.5 million. On December 3, 2024, the board of directors approved a $1.0 billion increase to the Company's stock repurchase program. Including this increase, as of December 5, 2024, the Company had approximately $1.8 billion remaining authorized on its stock repurchase program. Balance Sheet Highlights The Company ended the third quarter of 2024 with $1.2 billion in cash and cash equivalents and the capacity under its committed revolving credit facility was $393.5 million. Inventories at the end of the third quarter of 2024 increased 8% to $1.8 billion compared to $1.7 billion at the end of the third quarter of 2023. 2024 Outlook For the fourth quarter of 2024, the Company expects net revenue to be in the range of $3.475 billion to $3.510 billion, representing growth of 8% to 10%, or 3% to 4% excluding the 53rd week of 2024. Diluted earnings per share are expected to be in the range of $5.56 to $5.64 for the quarter. This assumes a tax rate of approximately 29.5%. For 2024, the Company now expects net revenue to be in the range of $10.452 billion to $10.487 billion, representing growth of 9%, or 7% excluding the 53rd week of 2024. Diluted earnings per share are now expected to be in the range of $14.08 to $14.16 for the year. This assumes a tax rate of approximately 30%. The guidance does not reflect potential future repurchases of the Company's shares. The guidance and outlook forward-looking statements made in this press release are based on management's expectations as of the date of this press release and do not incorporate future unknown impacts, including macroeconomic trends. The Company undertakes no duty to update or to continue to provide information with respect to any forward-looking statements or risk factors, whether as a result of new information or future events or circumstances or otherwise. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements as a result of risks and uncertainties, including those stated below. Power of Three Ă2 The Company's Power of Three Ă2 growth plan calls for a doubling of the business from 2021 net revenue of $6.25 billion to $12.5 billion by 2026. The key pillars of the plan are product innovation, guest experience, and market expansion. Conference Call Information A conference call to discuss third quarter results is scheduled for today, December 5, 2024, at 4:30 p.m. Eastern time. Those interested in participating in the call are invited to dial 1-844-763-8274 or 1-647-484-8814, if calling internationally, approximately 10 minutes prior to the start of the call. A live webcast of the conference call will be available online at: https://corporate.lululemon.com/investors/news-and-events/events-and-presentations . A replay will be made available online approximately two hours following the live call for a period of 30 days. About lululemon athletica inc. lululemon athletica inc. (NASDAQ:LULU) is a technical athletic apparel, footwear, and accessories company for yoga, running, training, and most other activities, creating transformational products and experiences that build meaningful connections, unlocking greater possibility and wellbeing for all. Setting the bar in innovation of fabrics and functional designs, lululemon works with yogis and athletes in local communities around the world for continuous research and product feedback. For more information, visit lululemon.com . Non-GAAP Financial Measures Constant dollar changes and adjusted financial results are non-GAAP financial measures. A constant dollar basis assumes the average foreign currency exchange rates for the period remained constant with the average foreign currency exchange rates for the same period of the prior year. The Company provides constant dollar changes in its results to help investors understand the underlying growth rate of net revenue excluding the impact of changes in foreign currency exchange rates. Adjusted gross profit, gross margin, income from operations, operating margin, income tax expense, effective tax rates, net income, and diluted earnings per share exclude certain inventory provisions, asset impairments, and restructuring costs recognized in relation to lululemon Studio, and the related income tax effects of these items. The Company believes these adjusted financial measures are useful to investors as they provide supplemental information that enable evaluation of the underlying trend in its operating performance, and enable a comparison to its historical financial information. Further, due to the finite and discrete nature of these items, it does not consider them to be normal operating expenses that are necessary to run the business, or impairments or disposal gains that are expected to arise in the normal course of its operations. Management uses these adjusted financial measures and constant currency metrics internally when reviewing and assessing financial performance. The Company's fiscal year ends on the Sunday closest to January 31st of the following year, typically resulting in a 52-week year, but occasionally giving rise to an additional week, resulting in a 53-week year. Fiscal 2023 was a 52-week year while 2024 will be a 53-week year. The expected net revenue increase excluding the 53rd week excludes the expected net revenue for the 53rd week of 2024. This enables an evaluation of the expected year-over-year increase in net revenue based on 52 weeks in each year. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or with greater prominence to, the financial information prepared and presented in accordance with GAAP. For more information on these non-GAAP financial measures, please see the section captioned "Reconciliation of Non-GAAP Financial Measures" included in the accompanying financial tables, which includes more detail on the GAAP financial measure that is most directly comparable to each non-GAAP financial measure, and the related reconciliations between these financial measures. The Company's non-GAAP financial measures may be calculated differently from, and therefore may not be directly comparable to, similarly titled measures reported by other companies. Forward-Looking Statements: This press release includes estimates, projections, statements relating to the Company's business plans, objectives, and expected operating results that are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. In many cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "outlook," "believes," "intends," "estimates," "predicts," "potential" or the negative of these terms or other comparable terminology. These forward-looking statements also include the Company's guidance and outlook statements. These statements are based on management's current expectations but they involve a number of risks and uncertainties. Actual results and the timing of events could differ materially from those anticipated in the forward-looking statements as a result of risks and uncertainties, which include, without limitation: the Company's ability to maintain the value and reputation of its brand; changes in consumer shopping preferences and shifts in distribution channels; the acceptability of its products to guests; its highly competitive market and increasing competition; increasing costs and decreasing selling prices; its ability to anticipate consumer preferences and successfully develop and introduce new, innovative and updated products; its ability to accurately forecast guest demand for its products; its ability to expand in light of its limited operating experience and limited brand recognition in new international markets and new product categories; its ability to manage its growth and the increased complexity of its business effectively; its ability to successfully open new store locations in a timely manner; seasonality; disruptions of its supply chain; its reliance on a relatively small number of vendors to supply and manufacture a significant portion of its products; suppliers or manufacturers not complying with its Vendor Code of Ethics or applicable laws; its ability to deliver its products to the market and to meet guest expectations if it has problems with its distribution system; increasing labor costs and other factors associated with the production of its products in South Asia and South East Asia; its ability to safeguard against security breaches with respect to its technology systems; its compliance with privacy and data protection laws; any material disruption of its information systems; its ability to have technology-based systems function effectively and grow its e-commerce business globally; climate change, and related legislative and regulatory responses; increased scrutiny regarding its environmental, social, and governance, or sustainability responsibilities; an economic recession, depression, or downturn or economic uncertainty in its key markets; global or regional health events such as the COVID-19 pandemic and related government, private sector, and individual consumer responsive actions; global economic and political conditions; its ability to source and sell its merchandise profitably or at all if new trade restrictions are imposed or existing trade restrictions become more burdensome; changes in tax laws or unanticipated tax liabilities; its ability to comply with trade and other regulations; fluctuations in foreign currency exchange rates; imitation by its competitors; its ability to protect its intellectual property rights; conflicting trademarks and patents and the prevention of sale of certain products; its exposure to various types of litigation; and other risks and uncertainties set out in filings made from time to time with the United States Securities and Exchange Commission and available at www.sec.gov , including, without limitation, its most recent reports on Form 10-K and Form 10-Q. You are urged to consider these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements. The forward-looking statements made herein speak only as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances, except as may be required by law. lululemon athletica inc. The fiscal year ending February 2, 2025 is referred to as "2024" and the fiscal year ended January 28, 2024 is referred to as "2023". Condensed Consolidated Statements of Operations Unaudited; Expressed in thousands, except per share amounts Third Quarter First Three Quarters 2024 2023 2024 2023 Net revenue $ 2,396,660 $ 2,204,218 $ 6,976,629 $ 6,414,175 Costs of goods sold 995,054 947,554 2,887,770 2,708,195 Gross profit 1,401,606 1,256,664 4,088,859 3,705,980 As a percentage of net revenue 58.5 % 57.0 % 58.6 % 57.8 % Selling, general and administrative expenses 909,827 842,795 2,624,212 2,407,683 As a percentage of net revenue 38.0 % 38.2 % 37.6 % 37.5 % Impairment of assets and restructuring costs â 74,501 â 74,501 Amortization of intangible assets 1,118 1,253 1,118 5,010 Income from operations 490,661 338,115 1,463,529 1,218,786 As a percentage of net revenue 20.5 % 15.3 % 21.0 % 19.0 % Other income (expense), net 13,743 9,842 55,020 25,229 Income before income tax expense 504,404 347,957 1,518,549 1,244,015 Income tax expense 152,534 99,243 452,336 363,293 Net income $ 351,870 $ 248,714 $ 1,066,213 $ 880,722 Basic earnings per share $ 2.87 $ 1.97 $ 8.57 $ 6.94 Diluted earnings per share $ 2.87 $ 1.96 $ 8.55 $ 6.92 Basic weighted-average shares outstanding 122,697 126,460 124,471 126,892 Diluted weighted-average shares outstanding 122,803 126,770 124,668 127,218 lululemon athletica inc. Condensed Consolidated Balance Sheets Unaudited; Expressed in thousands October 27, 2024 January 28, 2024 October 29, 2023 ASSETS Current assets Cash and cash equivalents $ 1,188,419 $ 2,243,971 $ 1,091,138 Inventories 1,800,893 1,323,602 1,663,617 Prepaid and receivable income taxes 257,388 183,733 300,258 Other current assets 358,589 309,271 309,886 Total current assets 3,605,289 4,060,577 3,364,899 Property and equipment, net 1,697,759 1,545,811 1,413,918 Right-of-use lease assets 1,360,589 1,265,610 1,048,607 Goodwill and intangible assets, net 178,185 24,083 23,912 Deferred income taxes and other non-current assets 241,847 195,860 170,928 Total assets $ 7,083,669 $ 7,091,941 $ 6,022,264 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable $ 385,960 $ 348,441 $ 309,324 Accrued liabilities and other 561,615 348,555 392,949 Accrued compensation and related expenses 190,169 326,110 250,479 Current lease liabilities 290,368 249,270 217,138 Current income taxes payable 96,808 12,098 27,231 Unredeemed gift card liability 238,327 306,479 213,256 Other current liabilities 40,286 40,308 37,737 Total current liabilities 1,803,533 1,631,261 1,448,114 Non-current lease liabilities 1,223,733 1,154,012 950,954 Non-current income taxes payable â 15,864 15,864 Deferred income tax liability 33,231 29,522 53,833 Other non-current liabilities 37,440 29,201 27,650 Stockholders' equity 3,985,732 4,232,081 3,525,849 Total liabilities and stockholders' equity $ 7,083,669 $ 7,091,941 $ 6,022,264 lululemon athletica inc. Condensed Consolidated Statements of Cash Flows Unaudited; Expressed in thousands First Three Quarters 2024 2023 Cash flows from operating activities Net income $ 1,066,213 $ 880,722 Adjustments to reconcile net income to net cash provided by operating activities (194,890 ) 31,344 Net cash provided by operating activities 871,323 912,066 Net cash used in investing activities (575,214 ) (445,325 ) Net cash used in financing activities (1,328,510 ) (510,583 ) Effect of foreign currency exchange rate changes on cash and cash equivalents (23,151 ) (19,887 ) Decrease in cash and cash equivalents (1,055,552 ) (63,729 ) Cash and cash equivalents, beginning of period 2,243,971 1,154,867 Cash and cash equivalents, end of period $ 1,188,419 $ 1,091,138 lululemon athletica inc. Reconciliation of Non-GAAP Financial Measures Unaudited; Expressed in thousands, except per share amounts Constant dollar changes The below changes show the change for the third quarter of 2024 compared to the third quarter of 2023. Net Revenue Change Foreign exchange Change in constant dollars United States â % â % â % Canada 9 â 9 Mexico (1) n/a n/a n/a Americas 2 â 2 China Mainland 39 (3 ) 36 Rest of World 27 (4 ) 23 Total international 33 (3 ) 30 Total 9 % (1 )% 8 % Comparable Sales (2) Change Foreign exchange Change in constant dollars Americas (2 )% â % (2 )% China Mainland 27 (3 ) 24 Rest of World 23 (3 ) 20 Total international 25 (3 ) 22 Total 4 % (1 )% 3 % (1) On September 10, 2024, the Company acquired the lululemon branded retail locations and operations run by a third party in Mexico. Wholesale sales to the third party by lululemon athletica canada inc. prior to the acquisition are disclosed as net revenue recognized within Canada. (2) Comparable sales includes comparable company-operated store and e-commerce net revenue. Comparable company-operated stores have been open for at least 12 full fiscal months, or open for at least 12 full fiscal months after being significantly expanded. Comparable company-operated stores exclude stores which have been temporarily relocated for renovations or have been temporarily closed. Adjusted financial measures The following tables reconcile adjusted 2023 financial measures with the most directly comparable measures calculated in accordance with GAAP. The adjustments relate to certain inventory provisions, asset impairments, and restructuring costs recognized in relation to lululemon Studio and their related tax effects. Please refer to Note 4. Impairment of Assets and Restructuring Costs included in Item 1 of Part I of the Company's Report on Form 10-Q to be filed with the SEC on or about December 5, 2024 for further information on the nature of these amounts. Third Quarter 2023 Gross Profit Gross Margin Income from Operations Operating Margin Income Tax Expense Effective Tax Rate Net Income Diluted Earnings Per Share GAAP results $ 1,256,664 57.0 % $ 338,115 15.3 % $ 99,243 28.5 % $ 248,714 $ 1.96 lululemon Studio charges: lululemon Studio obsolescence provision 23,709 1.1 23,709 1.1 23,709 0.19 Impairment of assets 44,186 2.0 44,186 0.35 Restructuring costs 30,315 1.4 30,315 0.24 Tax effect of the above 26,085 (0.4 ) (26,085 ) (0.21 ) 23,709 1.1 98,210 4.5 26,085 (0.4 ) 72,125 0.57 Adjusted results (non-GAAP) $ 1,280,373 58.1 % $ 436,325 19.8 % $ 125,328 28.1 % $ 320,839 $ 2.53 First Three Quarters 2023 Gross Profit Gross Margin Income from Operations Operating Margin Income Tax Expense Effective Tax Rate Net Income Diluted Earnings Per Share GAAP results $ 3,705,980 57.8 % $ 1,218,786 19.0 % $ 363,293 29.2 % $ 880,722 $ 6.92 lululemon Studio charges: lululemon Studio obsolescence provision 23,709 0.3 23,709 0.3 23,709 0.19 Impairment of assets 44,186 0.7 44,186 0.35 Restructuring costs 30,315 0.5 30,315 0.24 Tax effect of the above 26,085 (0.2 ) (26,085 ) (0.21 ) 23,709 0.3 98,210 1.5 26,085 (0.2 ) 72,125 0.57 Adjusted results (non-GAAP) $ 3,729,689 58.1 % $ 1,316,996 20.5 % $ 389,378 29.0 % $ 952,847 $ 7.49 Expected net revenue increase excluding the 53rd week The Company's fiscal year ends on the Sunday closest to January 31st of the following year, typically resulting in a 52-week year, but occasionally giving rise to an additional week, resulting in a 53-week year. Fiscal 2023 was a 52-week year while 2024 will be a 53-week year. Fourth Quarter 2024 Fiscal 2024 Expected net revenue increase 8% to 10% 9% Impact of 53rd week (5)% to (6)% (2)% Expected net revenue increase excluding the 53rd week (non-GAAP) 3% to 4% 7% lululemon athletica inc. Company-operated Store Count and Square Footage (1) Square footage expressed in thousands Number of Stores Open at the Beginning of the Quarter Number of Stores Opened During the Quarter Number of Stores Closed During the Quarter Number of Stores Open at the End of the Quarter 4 th Quarter 2023 686 26 1 711 1 st Quarter 2024 711 5 5 711 2 nd Quarter 2024 711 11 1 721 3 rd Quarter 2024 721 28 â 749 Total Gross Square Feet at the Beginning of the Quarter Gross Square Feet Added During the Quarter (2) Gross Square Feet Lost During the Quarter (2) Total Gross Square Feet at the End of the Quarter 4 th Quarter 2023 2,797 173 3 2,967 1 st Quarter 2024 2,967 35 14 2,988 2 nd Quarter 2024 2,988 90 3 3,075 3 rd Quarter 2024 3,075 156 â 3,231 (1) (2) View source version on businesswire.com : https://www.businesswire.com/news/home/20241205433612/en/ CONTACT: Investor Contacts: lululemon athletica inc. Howard Tubin 1-604-732-6124 or ICR, Inc. Joseph Teklits/Caitlin Churchill 1-203-682-8200 Media Contact: lululemon athletica inc. Madi Wallace 1-604-732-6124 KEYWORD: NORTH AMERICA CANADA INDUSTRY KEYWORD: FASHION ONLINE RETAIL RETAIL HEALTH OTHER RETAIL FITNESS & NUTRITION SPECIALTY SOURCE: lululemon athletica inc. Copyright Business Wire 2024. PUB: 12/05/2024 04:05 PM/DISC: 12/05/2024 04:06 PM http://www.businesswire.com/news/home/20241205433612/enUtah Hockey Club (9-10-4, in the Central Division) vs. Vegas Golden Knights (15-6-3, in the Pacific Division) Paradise, Nevada; Saturday, 10 p.m. EST BETMGM SPORTSBOOK LINE: Golden Knights -192, Utah Hockey Club +159; over/under is 6.5 BOTTOM LINE: The Vegas Golden Knights host the Utah Hockey Club after Ivan Barbashev scored two goals in the Golden Knights' 4-3 win against the Winnipeg Jets. Vegas is 15-6-3 overall and 9-2-0 at home. The Golden Knights are 15-2-2 in games they score three or more goals. Utah has a 9-10-4 record overall and a 5-6-2 record in road games. The Utah Hockey Club have an 8-0-4 record when scoring at least three goals. Saturday's game is the third meeting between these teams this season. The Golden Knights won 4-2 in the previous meeting. Barbashev led the Golden Knights with two goals. TOP PERFORMERS: Brett Howden has scored 10 goals with one assist for the Golden Knights. Barbashev has five goals and six assists over the last 10 games. Story continues below video Dylan Guenther has 10 goals and 10 assists for the Utah Hockey Club. Jack McBain has scored six goals over the last 10 games. LAST 10 GAMES: Golden Knights: 6-3-1, averaging 2.9 goals, 4.7 assists, 3.3 penalties and 7.7 penalty minutes while giving up 2.6 goals per game. Utah Hockey Club: 4-5-1, averaging 2.6 goals, 4.6 assists, 5.1 penalties and 14.4 penalty minutes while giving up 2.6 goals per game. INJURIES: Golden Knights: None listed. Utah Hockey Club: None listed. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .Carolina Hurricanes (16-6-1, in the Metropolitan Division) vs. Florida Panthers (14-9-1, in the Atlantic Division) Sunrise, Florida; Saturday, 4 p.m. EST BETMGM SPORTSBOOK LINE: Panthers -123, Hurricanes +103; over/under is 6.5 BOTTOM LINE: The Florida Panthers and the Carolina Hurricanes hit the ice in Eastern Conference action. Florida has gone 7-5-1 at home and 14-9-1 overall. The Panthers have a 3-0-1 record in one-goal games. Carolina has a 7-4-1 record on the road and a 16-6-1 record overall. The Hurricanes are 7-2-0 when they commit fewer penalties than their opponent. Saturday's game is the second meeting between these teams this season. The Panthers won the previous matchup 6-3. TOP PERFORMERS: Sam Bennett has 11 goals and 11 assists for the Panthers. Sam Reinhart has seven goals and four assists over the last 10 games. Jack Roslovic has 12 goals and three assists for the Hurricanes. Seth Jarvis has four goals and six assists over the past 10 games. LAST 10 GAMES: Panthers: 4-6-0, averaging 3.1 goals, 5.6 assists, 4.1 penalties and 10.7 penalty minutes while giving up 2.9 goals per game. Hurricanes: 6-3-1, averaging 3.7 goals, 6.3 assists, 2.7 penalties and 5.6 penalty minutes while giving up 2.8 goals per game. INJURIES: Panthers: None listed. Hurricanes: None listed. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .
Reviewing hundreds of thousands of water use permits is a key focus of the National Water Plan presented by the federal government on Thursday. President Claudia Sheinbaum said that one of the âessencesâ of the plan is to recognize water as a human right rather than a âgoodâ to be sold. She noted that the plan aims to âsort outâ the water concessions issued to private and public interests over the years and identify those not being used. âThere are people who have a water concession but donât use it; they even sell it in some cases. ... What we want is for water that isnât being used to be returned to the nation, ... even municipalities have water concessions,â Sheinbaum told her morning press conference. â... Water belongs to the nation. ... Fortunately weâve had a lot of dialogue ... with industry and with irrigation districts, and theyâre willing ... to return water concessions they are not using,â she said. Sheinbaum said the plan will allow the government to âreduce overexploitation and make water available ... for human consumption.â Water shortages affect various parts of Mexico including Mexico City, where at least 60 companies reportedly have permits allowing them to extract more than 1 million liters of water per day from the Valley of Mexicoâs water supply. There was speculation this year that âDay Zeroâ â the oft-used term for the day on which Mexico City runs out of water â was nigh . Mexico currently has low water reserves , even after a rainy summer, amplifying concerns about current and future water scarcity and making the implementation of a plan to remedy the situation essential. Before examining the details of the National Water Plan, it is pertinent to look at how water is used in Mexico. National Water Commission (Conagua) General Director EfraiĚn Morales LoĚpez told Sheinbaumâs Thursday morning press conference that 76% of water in Mexico goes to the agricultural sector and 9% is used by industry (including for electricity generation). The remaining 15% of water is allocated to âpublic urban use,â Morales said. The Conagua chief said that the objectives of the water plan are to: Morales said that the plan is based on four central tenets: Morales said that Conagua is reviewing all water use permits and identifying âthose that arenât being usedâ with the aim of reincorporating the volumes of water allocated via concessions to ânational availability.â He said that around 2,600 concessions were issued between 1917 and 1992, but more than 360,000 were granted in the subsequent decade. The issuance of so many permits led to overexploitation of water resources and other adverse impacts âthat unfortunately weâre still experiencing,â Morales said. Morales said that Conagua, in conjunction with various federal departments and state and municipal authorities, would âimplement an inspection program in the whole country to put order to the use of water.â The aim is to detect illegal, improper and wasteful use of water. âOur main collaborator will be the people of Mexico, so we make a call to report any irregularity with regard to the use of water,â Morales said. Morales said that the government will present reforms to the National Water Law to prevent âany kind of speculationâ on water including via the sale of water use permits. He said that the âneoliberal modelâ that was in place for more than three decades before former president AndreĚs Manuel LoĚpez Obrador took office in 2018 created an âalternative marketâ for water and that people âtook advantageâ and turned water into a âbusiness.â Offering an example, Morales said that some water permits issued for use in the agricultural sector were sold to real estate developers and factories. The Conagua chief also outlined a plan to use technology to ensure the âmore efficientâ use of water in irrigation. In conjunction with the Agriculture Ministry, âweâre going to apply technology to more than 200,000 hectaresâ of agricultural land, Morales said. â... This will benefit ... more than 225,000 farming families and also all the people of Mexico because weâre going to produce more food with less water,â he said. â... Part of the water we save will be allocated to human consumption and to replenish our aquifiers,â Morales said. Agriculture Minister Julio BerdegueĚ SacristaĚn told Sheinbaumâs press conference that through the use of technology in irrigation , farmers will be able to âcontrol very precisely how much water reaches each of their plants.â He said that the Agriculture Ministry estimates that production on land where irrigation technology is used will consequently increase by 51%. âSo this doesnât just contribute to [guaranteeing] the human right to water but also makes a formidable contribution to the nationâs food sovereignty,â BerdegueĚ said. As part of the National Water Plan, âweâre going to carry out infrastructure projects in the whole country,â Morales said. The Conagua chief enumerated more than a dozen projects, including various dam and aqueduct initiatives. Morales also mentioned a planned desalination plant in Baja California , projects to mitigate the effects of flooding in Tabasco and initiatives for central Mexico that Sheinbaum outlined earlier this year . Morales said that on the âinstructions of the president,â cleaning up contaminated rivers is also part of the National Water Plan. âWeâre going to give priority to the three most contaminated rivers in the country,â he said, noting that they are the Lerma-Santiago River in Jalisco, the Atoyac River in Puebla and Tlaxcala and the Tula River in Hidalgo. âFor the planning and execution of this program weâre working very closely and in a very coordinated way with the Environment Ministry, with [Environment Minister] Alicia BaĚrcena and also with local governments,â Morales said. The Conagua chief said that the National Agreement for the Human Right to Water and Sustainability is an initiative in which irrigators â âthe main industrial consumersâ of water â educational institutes, communities and all three levels of government will participate. The ultimate aim of the agreement is for water to be used in the most efficient way possible to ensure adequate supply. Companies that sign on to the agreement will invest in âmaking their production processes more efficient in order to save water,â Morales said. Some companies will also invest in water projects that benefit the communities in which they are located, he said. âWe have commitments for private investment of more than 16.4 billion pesos,â Morales said. âAnd as part of this agreement, there will be an awareness campaign about saving water, about the use and care of water,â he said. âThis agreement will be signed on Nov. 25.â At the conclusion of his presentation on the National Water Plan, Morales said that the government will invest approximately 20 billion pesos (close to US $1 billion) on water projects next year. He described the âoutlookâ on the water situation in Mexico and the world as âcomplex, noting the prevalence of water stress and âcomplications that climate change brings.â However, via the âequitable distributionâ of water and âadequate management of our resources,â it will be possible to have a future in which water is not a âmatter for dispute,â Morales said. â... Letâs all remember that water is wellbeing,â he added. By Mexico News Daily chief staff writer Peter Davies ( [email protected] )
