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Sowei 2025-01-11
It has been 16 years since the Wall Street crash in 2007-2008. Now, Wall Street is reportedly risking everything once again. The New York Times reported Friday that billionaire investor Doug Ostrover has devised a new strategy for being the cash cow for risky loans that wouldn't normally pass muster in traditional banks. "The new venture would not be a bank, but would operate almost like one — without the regulatory restrictions and government oversight that had made traditional banks skittish about this market," the Times said. Also Read: How Trump's billionaires are hijacking affordable housing "Unlike a bank, the firm would be amassing money not from individual depositors, whose savings are fiercely protected by the federal government and can be withdrawn at will, but from institutions like insurance companies and pension funds. Thus, the new firm would be legally permitted to finance tricky, highly speculative companies without reporting the details of such activities publicly," the Times continued. Ostrover and two others collected $12 billion for the venture, "undercutting their would-be competitors by promising big pension funds and others, like the investment fund run by George Soros, low investment fees if they backed the new firm." They have large investors like Brown University's endowment and New Jersey's pension fund. Over the following years, Ostrover boasted to possible clients that their fund was "much more stable, year over year, than stocks or commodities." The firm then shifted to begin offering permanent investor loans that often tie up money for years or a decade. The company, named Blue Owl, "has both caught and created a once-in-a-generation wave, one that has brought a sweeping change to Wall Street." By 2021, the company was booming, managing more than $235 billion in investor cash. Its success has inspired other copycat investor firms eager to capitalize on the idea. Rival firm BlackRock claimed, "the private credit market would more than double to $4.5 trillion by 2030." Over the past few years, private credit investment companies have raised as much as $1.8 trillion. "That money has been lent to highly indebted companies in sectors like software, insurance and health care," said the report. Now, big banks are forced to compete with lenders without regulations and operate in an investment free-for-all. The report noted that Goldman didn't meet its private credit goals for the year. It's an unregulated, high-risk environment that purportedly resembles the "subprime mortgage" market bubble that burst in 2007, leading to a global financial crisis. Last November, Sen. Sherrod Brown (D-OH), who chaired the Senate Banking Committee, asked regulators about these companies that "operate in the shadows." He was just voted out of office, however, and the incoming Donald Trump administration has indicated it favors fewer regulations across the board. Read more here.Child hospitalized after raccoon attack inside Idaho home, officials say3 sections of roulette wheel

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NEW YORK CITY, Dec. 13, 2024 (GLOBE NEWSWIRE) -- On Thursday, November 21, 2024, the Minority Business Development Agency (MBDA) celebrated the achievements of the historic Capital Readiness Program (CRP) at the NASDAQ Tower in Times Square. Deputy Under Secretary of Commerce for Minority Business Development Eric Morrissette joined Capital Readiness Program awardees as they uplift underserved entrepreneurs across the nation. “One of the greatest obstacles facing underserved entrepreneurs is access to capital, which is why the CRP is so essential. With this landmark program, MBDA is working to address the root problem of that issue by supporting businesses and communities that have been historically overlooked or left behind,” said Deputy Under Secretary Eric Morrissette . “The CRP has and will continue to open doors for entrepreneurs looking to start and scale their businesses.” Since its inception in 2023, CRP awardees, incubators, and accelerators have already served 6,326 entrepreneurs and helped raise $263 million in capital, form 2,636 new businesses, develop 1,726 business pitches, and host 2,486 networking events for diverse business owners and entrepreneurs across America. Awardees in attendance included The U.S. Black Chambers, Inc., U.S. Hispanic Chamber of Commerce, Ventures, the Community Development Venture Capital Alliance, the National Minority Supplier Development Council, the National Urban League, the National Asian/Pacific Islander Chamber of Commerce, and the Eastern Shore Entrepreneurship Center. “The Capital Readiness Program has empowered the United States Hispanic Chamber of Commerce to unlock critical capital opportunities, driving growth for businesses and reshaping regional economies,” said USHCC Educational Fund Senior Vice President Evelyn Barahona, one of the awardees present at NASDAQ . “Through the program, we've catalyzed expansion and new ventures for small business owners, strengthening not only the Hispanic community but the nation's economy. Looking ahead to 2025 and beyond, the USHCC is excited to collaborate with the MBDA and partners to further elevate the possibilities for businesses across the country.” These centers have unique expertise to assist, and train underserved entrepreneurs seeking resources, tools, and technical assistance to start or scale their businesses in high-growth industries such as healthcare, climate resilient technology, asset management, infrastructure, and more. For more information on active Minority Business Development Agency initiatives, visit www.mbda.gov . About the Minority Business Development Agency (MBDA) The U.S. Department of Commerce, Minority Business Development Agency is the only Federal agency dedicated to the growth and global competitiveness of U.S. minority business enterprises (MBEs). For more than 50 years, MBDA’s programs and services have better equipped MBEs to create jobs, build scale and capacity, increase revenues, and expand regionally, nationally, and internationally. ### Attachment Press Release with PhotoCuesz Highlighted in Feature Article: "The Precision Alliance: How Technology and Expertise Combine to Elevate Performance"

COLUMBUS, Ohio (AP) — Dominic Zvada kicked a 21-yard field goal with 45 seconds left and Michigan stunned No. 2 Ohio State 13-10 on Saturday, likely ending the Buckeyes ’ hopes of returning to the Big Ten title game. Late in the game, Kalel Mullings broke away for a 27-yard run, setting up the Wolverines (7-5, 5-4) at Ohio State’s 17-yard line with two minutes remaining. The drive stalled at the 3, and Zvada came on for the chip shot. Ohio State (10-2, 7-2, No. 2 CFP) got the ball back but couldn’t move it, with Will Howard throwing incomplete on fourth down to seal the Wolverines’ fourth straight win over their bitter rival. This loss might have been the toughest of those four for Ohio State because the Wolverines were unranked and were wrapping up a disappointing season. The Buckeyes were supposed to win, but records rarely mean much when these two teams meet. Ohio State needs No. 4 Penn State and No. 10 Indiana to lose later Saturday in order to make it into the Big Ten title game next week. No. 7 TENNESSEE 36, VANDERBILT 23 NASH.VILLE, Tenn. (AP) — Nico Iamaleava threw for 257 yards and four touchdowns rallying No. 7 Tennessee from a 14-point deficit within the first five minutes to rout in-state rival Vanderbilt. The Volunteers (10-2, 6-2 Southeastern Conference; No. 8 CFP) needed a big victory to impress the College Football Playoff committee enough to earn a home playoff game in December. They beat Vanderbilt (6-6, 3-5) for a sixth straight season. Better yet, they rebounded from a nightmare start giving up the first 14 points by scoring 29 straight points. They led 24-17 at halftime on Iamaleava’s first three TD passes. Junior Sherrill returned the opening kickoff 100 yards for a touchdown for Vanderbilt to stun a mostly orange crowd. Dylan Sampson fumbled on the Vols’ second play from scrimmage, and Sedrick Alexanader’s 4-yard TD run on a 26-yard drive put Vandy up 14-0 quickly. No. 16 SOUTH CAROLINA 17, No. 12 CLEMSON 14 CLEMSON, S.C. (AP) — LaNorris Sellers’ 20-yard touchdown run with 1:08 to play gave No. 16 South Carolina its sixth straight win, a victory over 12th-ranked Clemson. Sellers, a freshman in his first season as starter, finished with 166 yards rushing and two scores as the Gamecocks (9-3, 4-1 SEC, No. 15 CFP) continued a run that has seen them defeat four ranked opponents this month. Clemson (9-3, 5-2 ACC, No. 12) drove to the South Carolina 18 with 16 seconds left — well within reach of a tying field goal — when Cade Klubnik was intercepted by Demetrius Knight Jr. The Gamecocks, who were 3-3 after losing at Alabama in mid-October, have given the College Football Playoff selection committee plenty to consider with their second-half charge. Much of the credit goes to the maturing Sellers, who has played with poise under most circumstances. He shook off an early fumble and a late interception in this one as South Carolina won its second straight at rival Clemson. No. 22 ILLINOIS 38, NORTHWESTERN 28 CHICAGO (AP) — Aidan Laughery rushed for three touchdowns and No. 22 Illinois topped Northwestern to reach nine victories for the first time since its 2007 Rose Bowl season. Pat Bryant dashed in to score off Luke Altmyer’s 43-yard pass early in the third quarter as Illinois (9-3, 6-3 Big Ten) struck for touchdowns just over 4 minutes apart early in the third quarter to open a 28-10 lead in what had been a tight game. Altmyer, who threw for 170 yards, had a TD himself on a keeper from the 1-yard line early in the second quarter. David Olano added a field goal in the fourth to cap Illinois’ scoring. Laughery, a sophomore running back, rushed for a career-best 172 yards and topped 100 for the first time. He entered with only one TD this season and two for his career. He had a career-long 64-yard run for a score early in the second half. Northwestern’s Devin Turner intercepted Altmyer twice, including for a 13-yard touchdown return late in the first quarter. Thomas Gordon caught Jack Lausch’s 15-yard TD pass with a minute left, then the Wildcats added a two-point conversion to complete the scoring. No. 25 ARMY 29, UTSA 24 WEST POINT, N.Y. (AP) — Bryson Daily tied the American Athletic Conference record for single-season touchdowns and threw for a season-high 190 yards and a score to lift No. 25 Army to a 29-24 win over UTSA. Army (10-1) finished the regular season 8-0 in the AAC and earned the right to host the championship game on Friday. Daily rushed for 147 yards, his academy-record ninth straight 100-yard game, and two touchdowns. Casey Larkin sealed Army’s 10th victory of the season, picking off Owen McCown at the Black Knights’ 10 with 1:14 left. Daily scored his conference-tying 25th rushing touchdown, a 42-yard run on the second play following Matteson’s pick with 10:26 remaining in the game Army finished its regular-season home schedule with a perfect 6-0 record. UTSA fell to 0-6 away from the Alamodome.

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MINNEAPOLIS--(BUSINESS WIRE)--Dec 13, 2024-- Digi International (Nasdaq: DGII, www.digi.com ), a leading global provider of Internet of Things (IoT) connectivity products and services, announces the nomination of two new members to its Board of Directors: Valerie Heusinkveld and Allison West Hughes. In addition, Sally Smith, a Digi director since 2018, has announced her intention to retire from the Board at the conclusion of the company’s annual meeting to be held on February 3, 2025. The election of Ms. Heusinkveld and Ms. Hughes will be voted on by the company’s stockholders at that same annual meeting. Ms. Heusinkveld served as Chief Financial Officer of Cradlepoint, Inc., a provider of bundled cellular hardware and connectivity and monitoring software solutions, from 2012 until her retirement in 2021. Previously, she served as Chief Financial Officer of Purcell Systems from 2007 to 2012. As a former Chief Financial Officer at high technology companies, she has extensive high technology industry knowledge and leadership experience in both financial and operational matters. The company believes this experience would provide the Board with expertise in such areas as finance, operations, hardware and solutions sales models with a focus on annual recurring revenue (ARR), as well as mergers and acquisitions, internal controls, risk management and auditing. Ms. West Hughes has served as Corporate Vice President at Microsoft Corporation since July 2022, initially focused on digital acquisition and adding responsibility for small and medium business in July 2024. Previously, she served as Senior Vice President, Global Digital Go to Market at ServiceNow, a cloud computing platform software company servicing businesses of varying sizes, from July 2021 to June 2022, after having served as Vice President from April 2020 and previously serving as Area Vice President from 2018. She has extensive high technology industry knowledge and leadership experience and brings expertise in such areas as sales and marketing and operations. The company believes her expertise in marketing and selling subscription-based offerings resulting in annual recurring revenue, as well as working with customers of varying degrees of scale would be valuable as the company executes on the expansion of recurring revenue-based solutions offerings across its business. “We want to thank Sally for her commitment to Digi and her assistance in helping the company grow and advance its mission. While her contributions were significant and will be missed, we are thrilled to nominate both Valerie and Allison to our Board of Directors,” said Satbir Khanuja, Ph.D., Non-executive Chairman of the Board, Digi International. “Their extensive experience in technology, innovation, ARR and financial strategy aligns with Digi's commitment to driving IoT advancements and delivering value to our stakeholders. We are confident their leadership will strengthen our ability to deliver on our vision as we continue expanding our global presence and driving Digi’s renaissance as a leading solution provider in the IoT space.” The nomination of Heusinkveld and Hughes underscores Digi's dedication to fostering innovation and sustaining Digi’s excellence in technology innovation and customer-centricity. Additional Information and Where to Find It Digi International has filed with the Securities and Exchange Commission (the “SEC”) a definitive proxy statement on Schedule 14A (the “Definitive Proxy Statement”) with respect to its solicitation of proxies for Digi International’s 2025 annual meeting of stockholders (the “2025 Annual Meeting”). The Definitive Proxy Statement contains important information about the matters to be voted on at the 2025 Annual Meeting. STOCKHOLDERS OF DIGI INTERNATIONAL ARE URGED TO READ THESE MATERIALS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS THAT DIGI INTERNATIONAL HAS FILED OR WILL FILE WITH THE SEC BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT DIGI INTERNATIONAL AND THE MATTERS TO BE VOTED ON AT THE 2025 ANNUAL MEETING. Stockholders are able to obtain free copies of these documents and other documents filed with the SEC by Digi International through the website maintained by the SEC at www.sec.gov . In addition, stockholders are able to obtain free copies of these documents from Digi International by going to Digi International’s Investor Relations page on its website at www.digi.com . Participants in the Solicitation The directors, executive officers, and employees of Digi International may be deemed to be participants in the solicitation of proxies from the stockholders of Digi International in connection with 2025 Annual Meeting. Digi International has also engaged Alliance Advisors LLC to assist in the solicitation of proxies for the 2025 Annual Meeting and to provide related advice and informational support. Information regarding the interests of participants in the solicitation of proxies in respect of the 2025 Annual Meeting is included in the Definitive Proxy Statement. About Digi International Digi International (NASDAQ: DGII) is a leading global provider of IoT connectivity products, services, and solutions. It helps companies create next-generation connected products and deploy and manage critical communications infrastructures in demanding environments with high levels of security and reliability. Founded in 1985, Digi has helped customers connect more than 100 million things and counting. For more information, visit www.digi.com . View source version on businesswire.com : https://www.businesswire.com/news/home/20241213612450/en/ CONTACT: Media Contact: Peter Ramsay Global Results Communications digi@globalresultspr.com 949.307.5908 KEYWORD: MINNESOTA UNITED STATES NORTH AMERICA CANADA INDUSTRY KEYWORD: TECHNOLOGY IOT (INTERNET OF THINGS) SEMICONDUCTOR SECURITY OTHER TECHNOLOGY SOFTWARE NETWORKS INTERNET MOBILE/WIRELESS HARDWARE ELECTRONIC DESIGN AUTOMATION SOURCE: Digi International Copyright Business Wire 2024. PUB: 12/13/2024 05:50 PM/DISC: 12/13/2024 05:48 PM http://www.businesswire.com/news/home/20241213612450/en‘Malcolm in the Middle’ Reboot Set Ahead of Show’s 25th Anniversary

PLAINS, Ga. — Former U.S. President Jimmy Carter has died at his home in Plains, Georgia. His death comes more than a year after the former president entered hospice care. He was 100 years old. Here are some significant events in Jimmy Carter's life: — Oct. 1, 1924: James Earl Carter Jr. is born in Plains, Georgia, son of James Sr. and Lillian Gordy Carter. — June 1946: Carter graduates from the U.S. Naval Academy. — July 1946: Carter marries Rosalynn Smith, in Plains. They have four children, John William (“Jack”), born 1947; James Earl 3rd (“Chip”), 1950; Donnel Jeffrey (Jeff), 1952; and Amy Lynn, 1967. — 1946-1953: Carter serves in a Navy nuclear submarine program, attaining rank of lieutenant commander. — Summer 1953: Carter resigns from the Navy, returns to Plains after father’s death. — 1953-1971: Carter helps run the family peanut farm and warehouse business. — 1963-1966: Carter serves in the Georgia state Senate. — 1966: Carter tries unsuccessfully for the Democratic gubernatorial nomination. — November 1970: Carter is elected governor of Georgia. Serves 1971-75. — Dec. 12, 1974: Carter announces a presidential bid. Atlanta newspaper answers with headline: “Jimmy Who?” — January 1976: Carter leads the Democratic field in Iowa, a huge campaign boost that also helps to establish Iowa’s first-in-the-nation caucus. — July 1976: Carter accepts the Democratic nomination and announces Sen. Walter Mondale of Minnesota as running mate. — November 1976: Carter defeats President Gerald R. Ford, winning 51% of the vote and 297 electoral votes to Ford’s 240. — January 1977: Carter is sworn in as the 39th president of the United States. On his first full day in office, he pardons most Vietnam-era draft evaders. —September 1977: U.S. and Panama sign treaties to return the Panama Canal back to Panama in 1999. Senate narrowly ratifies them in 1978. — September 1978: Egyptian President Anwar Sadat, Israeli Prime Minister Menachem Begin and Carter sign Camp David accords, which lead to a peace deal between Egypt and Israel the following year. — June 15-18, 1979: Carter attends a summit with Soviet President Leonid Brezhnev in Vienna that leads to the signing of the SALT II treaty. — November 1979: Iranian militants storm the U.S. Embassy in Tehran, taking 52 hostages. All survive and are freed minutes after Carter leaves office in January 1981. — April 1980: The Mariel boatlift begins, sending tens of thousands of Cubans to the U.S. Many are criminals and psychiatric patients set free by Cuban leader Fidel Castro, creating a major foreign policy crisis. — April 1980: An attempt by the U.S. to free hostages fails when a helicopter crashes into a transport plane in Iran, killing eight servicemen. — Nov. 4, 1980: Carter is denied a second term by Ronald Reagan, who wins 51.6% of the popular vote to 41.7% for Carter and 6.7% to independent John Anderson. — 1982: Jimmy and Rosalynn Carter co-found The Carter Center in Atlanta, whose mission is to resolve conflicts, protect human rights and prevent disease around the world. — September 1984: The Carters spend a week building Habitat for Humanity houses, launching what becomes the annual Carter Work Project. — October 1986: A dedication is held for The Carter Presidential Center in Atlanta. The center includes the Carter Presidential Library and Museum and Carter Center offices. — 1989: Carter leads the Carter Center’s first election monitoring mission, declaring Panamanian Gen. Manuel Noriega’s election fraudulent. — May 1992: Carter meets with Mikhail and Raisa Gorbachev at the Carter Center to discuss forming the Gorbachev Foundation. — June 1994: Carter plays a key role in North Korea nuclear disarmament talks. — September 1994: Carter leads a delegation to Haiti, arranging terms to avoid a U.S. invasion and return President Jean-Bertrand Aristide to power. — December 1994: Carter negotiates tentative cease-fire in Bosnia. — March 1995: Carter mediates cease-fire in Sudan’s war with southern rebels. — September 1995: Carter travels to Africa to advance the peace process in more troubled areas. — December 1998: Carter receives U.N. Human Rights Prize on 50th anniversary of the Universal Declaration of Human Rights. — August 1999: President Bill Clinton awards Jimmy and Rosalynn Carter the Presidential Medal of Freedom. — September 2001: Carter joins former Presidents Ford, Bush and Clinton at a prayer service at the National Cathedral in Washington after Sept. 11 attacks. — April 2002: Carter’s book “An Hour Before Daylight: Memories of a Rural Boyhood” chosen as finalist for Pulitzer Prize in biography. — May 2002: Carter visits Cuba and addresses the communist nation on television. He is the highest-ranking American to visit in decades. — Dec. 10, 2002: Carter is awarded the Nobel Peace Prize for his “untiring effort to find peaceful solutions to international conflicts, to advance democracy and human rights, and to promote economic and social development.” — July 2007: Carter joins The Elders, a group of international leaders brought together by Nelson Mandela to focus on global issues. — Spring 2008: Carter remains officially neutral as Sens. Barack Obama and Hillary Rodham Clinton battle each other for the Democratic presidential nomination. — April 2008: Carter stirs controversy by meeting with the Islamic militant group Hamas. — August 2010: Carter travels to North Korea as the Carter Center negotiates the release of an imprisoned American teacher. — August 2013: Carter joins President Barack Obama and former President Bill Clinton at the 50th anniversary of the Rev. Martin Luther King Jr.’s “I Have A Dream” speech and the March on Washington. — Oct. 1, 2014: Carter celebrates his 90th birthday. — December 2014: Carter is nominated for a Grammy in the best spoken word album category, for his book “A Call To Action.” — May 2015: Carter returns early from an election observation visit in Guyana — the Carter Center’s 100th — after feeling unwell. — August 2015: Carter has a small cancerous mass removed from his liver. He plans to receive treatment at Emory Healthcare in Atlanta. — August 2015: Carter announces that his grandson Jason Carter will chair the Carter Center governing board. — March 6, 2016: Carter says an experimental drug has eliminated any sign of his cancer, and that he needs no further treatment. — May 25, 2016: Carter steps back from a “front-line” role with The Elders to become an emeritus member. — July 2016: Carter is treated for dehydration during a Habitat for Humanity build in Canada. — Spring 2018: Carter publishes “Faith: A Journey for All,” the last of 32 books. — March 22, 2019: Carter becomes the longest-lived U.S. president, surpassing President George H.W. Bush, who died in 2018. — September 18, 2019: Jimmy and Rosalynn Carter deliver their final in-person annual report at the Carter Center. — October 2019: At 95, still recovering from a fall, Carter joins the Work Project with Habitat for Humanity in Nashville, Tennessee. It’s the last time he works personally on the annual project. — Fall 2019-early 2020: Democratic presidential hopefuls visit, publicly embracing Carter as a party elder, a first for his post-presidency. — November 2020:The Carter Center monitors an audit of presidential election results in the state of Georgia, marking a new era of democracy advocacy within the U.S. — Jan. 20, 2021: The Carters miss President Joe Biden’s swearing-in, the first presidential inauguration they don’t attend since Carter’s own ceremony in 1977. The Bidens later visit the Carters in Plains on April 29. — Feb. 19, 2023: Carter enters home hospice care after a series of short hospital stays. — July 7, 2023: The Carters celebrate their 77th and final wedding anniversary. — Nov. 19, 2023: Rosalynn Carter dies at home, two days after the family announced that she had joined the former president in receiving hospice care. — Oct. 1, 2024 — Carter becomes the first former U.S. president to reach 100 years of age , celebrating at home with extended family and close friends. — Oct. 16, 2024 — Carter casts a Georgia mail ballot for Democratic presidential nominee Kamala Harris, having told his family he wanted to live long enough to vote for her. It marks his 21st presidential election as a voter. — Dec. 29, 2024: Carter dies at home.

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