Wednesday, October 1, 2025

 
Home Blog Page 236

Jorma Taccone Recovering From 20-Foot Fall Off a Ladder

0


Ladder safety is no laughing matter.

Saturday Night Live vet Jorma Taccone, a member of The Lonely Island comedy troupe, shattered his pelvis and detached his sacrum in a fall from a 20-foot ladder at his farmhouse in Connecticut.

The accident was on Aug. 31, his daughter’s 5th birthday. “It wasn’t the coolest way to start the day,” Taccone said.

Taccone, 48, recounted the scary incident from his hospital bed during Tuesday’s episode of The Lonely Island & Seth Meyers podcast, which he co-hosts with fellow Lonely Island members Andy Samberg and Akiva Schaffer and late-night talk show host Seth Meyers.

“There’s a barn, and the back half of the barn has a big white wall. And I was like, ‘Oh, this is great. We can do a big mural.’”

Taccone said that he borrowed ladders to hang lights around the barn to highlight the mural when he fell 20 feet onto his butt. “I literally have enough time as I’m falling to be like, ‘I’m going to die,’” he said.

While the injuries were serious, Taccone said his doctors expect him to walk again within three to six months, which was a huge relief to his Lonely Island colleagues – friends since childhood.

“It’s been a really scary week, and we’re glad that you didn’t hit your head and that you’re not dead,” Schaffer said.

The Lonely Island have proved highly successful at blending music and comedy. They put seven songs on the Billboard Hot 100, topped by “I Just Had Sex” (featuring Akon), which reached No. 30 in 2011. Their other Hot 100 hits featured T-Pain, Nicki Minaj, Michael Bolton, Adam Levine & Kendrick Lamar and Tegan & Sara.

They released three studio albums, all of which made the top 15 on the Billboard 200: Incredibad (No. 13 in 2009), Turtleneck & Chain (No. 3 in 2011) and The Wack Album (No. 10 in 2013).

In February 2025, the group performed a medley of their greatest hits on SNL50: The Homecoming Concert.

They won a Primetime Emmy for co-writing “Dick in a Box,” which Justin Timberlake and Samberg performed on SNL in 2007. They subsequently received five additional Primetime Emmy nods for outstanding music & lyrics for co-writing “Motherlover,” “Shy Ronnie,” “I Just Had Sex,” “Jack Sparrow” and “3-Way (The Golden Rule).”

They also received three Grammy nominations: best rap/sung collaboration for “I’m on a Boat” (featuring T-Pain), best comedy album for Turtleneck & Chain, and best song written for visual media for “Everything Is Awesome!!!,” on which they backed Tegan & Sara. They wrote the latter song for The Lego Movie.

Taccone has also received four Primetime Emmy nods for writing for SNL and one as an executive producer of Pen15, which was nominated for outstanding comedy series in 2021.

In 2010, Taccone co-wrote and directed MacGruber, which was his directorial debut. He directed his second feature alongside Schaffer, the musical comedy Popstar: Never Stop Never Stopping, which he also co-wrote and co-starred in with Schaffer and Samberg.

Taccone’s latest film Over Your Dead Body, which he directed, was acquired by IFC in May, according to Deadline.



This story originally appeared on Billboard

James Gunn, Stars on That Rick Reveal, What It Means for Harcourt (Exclusive)

0

[Warning: The below contains MAJOR spoilers for Peacemaker Season 2, Episode 3, “Another Rick Up My Sleeve.”]

Peacemaker delivers a massive twist in Season 2’s third installment, “Another Rick Up My Sleeve,” as Joel Kinnaman reprises his role as Rick Flag Jr. in two forms, one the version fans met in The Suicide Squad and the other the “jarhead” hinted at in Peacemaker‘s alternate dimension.

While the episode opens with a flashback scene revealing that Rick Jr. and Harcourt (Jennifer Holland) were having an affair, it goes on to reveal that alternate dimension Harcourt is also involved with the Rick from her universe amid Christopher Smith’s (John Cena) attempt to woo her when he wakes up in that world at the start of this episode following his boozy night with the 11th Street Kids.

The revelation of Harcourt’s bond with Rick Jr. explains a lot when it comes to her initial hatred towards Peacemaker in Season 1; after all, Chris killed Rick Jr. during their mission in Corto Maltese. When it came to Kinnaman’s return and incorporation into this storyline, series creator and DC Comics co-head James Gunn tells TV Insider that was part of the plan “since before we shot Season 1, that Harcourt and Rick Flag had had an affair and were having an affair when he got killed… but beyond that they were also friends, and Economos is friends with him too.”

“That’s the reason they’re so negative towards Peacemaker when he comes on board at the beginning,” Gunn explains, “even though morally, obviously, Harcourt is as fluid as Peacemaker is throughout Season 1.”

As for having Kinnaman step into the alternate dimension as “jarhead” Rick Flag, Gunn was excited to allow the actor to have some more comedic moments as he nervously tiptoes around Chris. “Joel and I are good friends, so I asked him to do me a favor, but I also wanted to give him an opportunity to do something that’s purely comedic, because he’s a really funny guy,” Gunn explains.

“He’s never been in a comedy his entire life, so being able to show him doing this sort of namby-pamby version of Rick Flag Jr. … every time I watch those scenes, I laugh out loud,” Gunn admits.

While the alternate dimension allowed for a Peacemaker-Rick reunion of sorts, it also opened Chris’s eyes to the reality of this new world, in which Harcourt is less jagged around the edges and he’s a beloved hero. See what Holland has to say about embracing that other side of Harcourt in the alternate dimension, David Denman talk about donning Keith’s super suit, and Steve Agee talk about Economos’s reunion with Judomaster in the full video interview above.

Peacemaker, Season 2, Thursdays, HBO Max




This story originally appeared on TV Insider

Powerball goes 41 straight draws without a winner, sending jackpot to $1.7 billion

0

The Powerball jackpot has jumped to an eye-popping $1.7 billion, after yet another drawing passed without a big winner Wednesday.

The numbers selected were: 3, 16, 29, 61 and 69, with the Powerball number being 22.

Since May 31, there have been 41 straight drawings without a big winner.

The next drawing will be Saturday night, with the prize expected to be the third-largest in U.S. lottery history.

Powerball’s terrible odds of 1 in 292.2 million are designed to generate big jackpots, with prizes becoming ever larger as they repeatedly roll over when no one wins. Lottery officials note that the odds are far better for the game’s many smaller prizes. There are three drawings each week.

The estimated $1.4 billion jackpot from Wednesday night’s drawing would have been for a winner who had opted to receive 30 payments over 29 years through an annuity. Winners almost always choose the game’s cash option, which would have been an estimated $634.3 million.

The cash option for Saturday night’s drawing is an estimated $770.3 million.

Powerball tickets cost $2 and the game is offered in 45 states plus Washington, D.C., Puerto Rico and the U.S. Virgin Islands.

Fortune Global Forum returns Oct. 26–27, 2025 in Riyadh. CEOs and global leaders will gather for a dynamic, invitation-only event shaping the future of business. Apply for an invitation.



This story originally appeared on Fortune

Legendary fashion designer Giorgio Armani dies | World News

0


Legendary fashion designer Giorgio Armani has died aged 91 – with the worlds of fashion and showbiz paying tribute to a “giant” and a “master of his craft”.

The Italian billionaire died at home surrounded by his family on Thursday.

“With infinite sorrow, the Armani Group announces the passing of its creator, founder, and tireless driving force: Giorgio Armani,” his fashion house said.

Tributes flood in for Armani – as it happened

“Il Signor Armani, as he was always respectfully and admiringly called by employees and collaborators, passed away peacefully, surrounded by his loved ones.

“Indefatigable to the end, he worked until his final days, dedicating himself to the company, the collections, and the many ongoing and future projects.”

A funeral chamber will be set up at Milan’s Armani Teatro for people to pay tribute between 9am and 6pm this weekend.

Image:
At the end of his autumn-winter show at Milan Fashion Week in January this year. Pic: Reuters

Armani did not appear at his runway shows in Milan for the first time ever in June as he recovered from an unknown illness.

Only a week ago, when he was interviewed by the Financial Times, he revealed he “oversaw every aspect of the show remotely via video link”.

“My greatest weakness is that I am in control of everything,” he told the newspaper. “Everything you will see has been done under my direction and carries my approval.”

‘A symbol of the best of Italy’

Italy’s President Giorgia Meloni was among the first to pay tribute.

“Giorgio Armani leaves us at 91 years old,” she wrote on X.

“With his elegance, sobriety, and creativity, he was able to bring lustre to Italian fashion and inspire the entire world. An icon, a tireless worker, a symbol of the best of Italy. Thank you for everything.”

At the Royal Academy in London in 2003. Pic: Reuters
Image:
At the Royal Academy in London in 2003. Pic: Reuters

Fellow fashion mogul Donatella Versace followed, saying: “The world has lost a giant today. He made history and will be remembered forever.”

American designer Ralph Lauren said he “always had the deepest respect and admiration” for Armani.

Dame Anna Wintour, who this year stepped down as head of American Vogue after 37 years, said the designer “understood power and attitude and elegance as well as anyone ever has in fashion”.

Julia Roberts, who famously wore Armani menswear to the Golden Globe awards in 1990, shared a picture of the pair together on Instagram with the caption: “A true friend. A Legend.”

American model Cindy Crawford called him a “master of his craft” – while the Italian football world also offered its condolences.

Juventus described him as a “timeless icon of elegance and Italian style”.

Inter Milan, who Armani supported, said he was “an icon of our city, a fashion legend who, with his creativity and elegance, knew how to tell the story of Italianness around the world”.

Legendary film director Martin Scorsese also paid tribute, heralding Armani as “more than a clothing designer”.

“He was a real artist, and a great one – people use the term ‘timeless’ quite often, but in his case it happens to be true,” said Scorsese.

Armani contributed to the wardrobe design for the director’s 1995 film Casino, creating suits for Robert De Niro’s character, Ace Rothstein.

The pair came together again for The Wolf of Wall Street (2013), where Armani this time suited up Leonardo DiCaprio.

Please use Chrome browser for a more accessible video player

‘Colossus’ Armani ‘brought gravitas’ to the fashion industry

‘King Giorgio’

Born in the small northern Italian town of Piacenza in July 1934, Armani originally wanted to be a doctor but changed his mind after a part-time job as a window dresser at a Milan store exposed him to fashion for the first time.

As one of the most influential designers of the 20th century, he is often credited with spearheading red carpet fashion and was planning a major event during Milan Fashion Week this month to mark 50 years of his brand.

He put Italian ready-to-wear style on the map in the late 1970s with his signature ‘Armani suit’ before adapting its classic style for women with the launch of the female ‘power suit’ in the 1980s.

He also dressed Hollywood and music stars, including Julia Roberts, George Clooney, Cate Blanchett, and Lady Gaga.

Read more:
From Gere to Gaga: Armani’s best celebrity looks

With actors Richard Gere and Lauren Hutton in 2003. Pic: Reuters
Image:
With actors Richard Gere and Lauren Hutton in 2003. Pic: Reuters

With Robert De Niro in Milan in 2000. Pic: Reuters
Image:
With Robert De Niro in Milan in 2000. Pic: Reuters

With singer Beyonce in 2003. Pic: Reuters
Image:
With singer Beyonce in 2003. Pic: Reuters

With David Beckham in Milan in 2009. Pic: Reuters
Image:
With David Beckham in Milan in 2009. Pic: Reuters

Armani, or Re Giorgio (King Giorgio) as he was widely known, worked on more than 200 films, most notably earlier in his career on American Gigolo with Richard Gere in 1980.

He was awarded both the French Legion of Honour and Italian Order of Merit for Labour for his contributions to the fashion industry.

With an empire of more than £7.44bn at the time of his death, his work expanded beyond clothes to home furnishings, perfumes, books, flowers, bars, clubs, and restaurants.

He also owned the basketball team EA7 Armani Milan, better known as Olympia Milano.

Follow the World
Follow the World

Listen to The World with Richard Engel and Yalda Hakim every Wednesday

Tap to follow

Armani sparked controversy in 2015 for comments he made about fashion choices among gay men – and previously in 2009 when his company was forced to settle with the Italian tax authorities over its offshore subsidiaries.



This story originally appeared on Skynews

Trump to rename Defense Department as Department of War : NPR

0


A view of the Pentagon on Dec. 13, 2024, in Washington, D.C. President Trump has said he would like to rename the Department of Defense the Department of War.

Daniel Slim/AFP via Getty Images


hide caption

toggle caption

Daniel Slim/AFP via Getty Images

President Trump will sign an executive order on Friday to give the Department of Defense a new name: the Department of War.

The change would return the department to a name that it carried for much of its history, until it became the Department of Defense in the wake of World War II. The executive order was confirmed to NPR by a White House official who was not authorized to discuss the matter.

A White House fact sheet explains that under the executive order, the name “Department of War” will serve as a “secondary title” for the Department of Defense.

According to the fact sheet, the order will also authorize Defense Department officials to substitute the word “war” into their titles. For example, the Secretary of Defense could use the title Secretary of War.

Secretary of Defense Pete Hegseth appeared to acknowledge the change in a post on social media on Thursday, writing simply, “DEPARTMENT OF WAR.”

President Trump has previously signaled that a change was in the works. During an appearance in the Oval Office last month, Trump said that War Department “just sounded to me better.”

It’s not clear whether Trump can officially change the name without congressional action, but he told reporters, “We’re just gonna do it.”

“I’m sure Congress will go along if we need that. I don’t think we even need that. But if we need that, I’m sure Congress will go along,” Trump said.

Almost from the country’s founding, the military was overseen by the War Department, but the sprawling agency took on its current name following an act of Congress in 1949. At the time, the change marked the culmination of an effort by President Harry Truman to unify the Air Force, Army and Navy under the umbrella of a single department.

As the largest department in the U.S. government, even just changing signs, seals and titles could prove costly. In 2023, an Army official told Congress that an effort to rename only nine Army bases would cost taxpayers $39 million.

Danielle Kurtzleben and Quil Lawrence contributed to this report.



This story originally appeared on NPR

What’s going on with the Jet2 share price now?

0


Image source: Getty Images

As I write on 4 September, the Jet2 (LSE:Jet2) share price is down around 14% on the day. That’s because it published a trading update in the morning and the market didn’t like it very much.

The sharp fall came after Jet2 warned that annual earnings are now expected to land towards the bottom end of market forecasts. Management said that since its last update in July, the trend of customers booking much closer to departure has become even more pronounced, making forward visibility more difficult.

To the end of August, flown package holiday customers rose just 2%, while flight-only passengers grew 17%. Average package holiday pricing is still showing modest growth, with flight-only yields becoming increasingly attractive.

But with much of its summer season and winter capacity still unsold, the group expects earnings before interest and tax (EBIT) for the year to March 2026 to be at the lower end of the £449m-£496m consensus range.

In response to the weaker backdrop, Jet2 has trimmed its planned winter capacity from 5.8m to 5.6m seats. Even so, this remains a 9% increase compared to the previous winter season.

Chief executive Steve Heapy struck a more positive tone, stressing that Jet2’s flexible capacity management and award-winning service provide a strong foundation for long-term growth.

The guidance has effectively wiped out the company’s share price gains for the year, with the late booking pattern continuing to cloud earnings visibility for the industry.

Still a favourite of mine

Warren Buffett says he likes it when his favourite stocks fall in value. It means he can buy more. And that’s what I’m seeing today. I like Jet2, and this falling share price may be an opportunity for me to top up.

With the market cap falling to £2.65bn today, Jet2’s net income is only 1.05 times its enterprise value — that’s the market cap adjusted for adjusted for net cash. The EV-to-EBITDA ratio is also around 0.65. That’s also incredibly cheap when compared to peers, notably IAG around 3.8 times.

Of course, I do appreciate that the company’s huge net cash pile also includes customer deposits. So, it’s not a perfect calculation. But it’s still worth recognising that the company’s balance sheet is incredibly strong. And it’s expected to get stronger throughout the medium term, reaching a net cash position of £2.5bn in 2026.

What’s more, it’s steadily growing its fleet and replacing less efficient aircraft with the Airbus A321 neo. The cost of this fleet overhaul appears to be sustainable given the company’s revenue forecast, and it should make Jet2 one of the largest fleet operators in the UK.

However, like other businesses in the UK, it’s struggling with increasing costs of employment and an uncertain economic backdrop. Last year, it said the Budget would cost the company £25m annually. With potentially more pain to come in November, it’s worth watching.

Despite this, I believe Jet2 shares are cheap and worth considering as an investment. It’s well represented within my portfolio and I wouldn’t be surprised to see it on the FTSE 100 one day. That’s subject to the stock moving to the main market.



This story originally appeared on Motley Fool

Ava Max Stuns In Voluminous Red Gown During Venice Photoshoot

0


Instagram/@avamax

In the most recent capture, Max can be seen in a photograph in the sight of Venice City while wearing a bright red dress, a departure from her known fashion. On the taxi water, the singer’s attire is very different and like the words used, the caption is a no-brainer indeed because “Had a ball” was the term, which, in my eyes, translates to a fun and simple performance. The capture can be tagged to carefree moments with the photographer.

Advertisement

The photograph of Max in her Venice escapade signals a welcome change from her appearances. Wearing a crimson red gown, her outfit is a mismatch to the Venice waters, which is a pretty image on its own. The singer Max has her usual smile expanded, and the day was clear which seems to highlight a plainly happy attitude. The context, together with the clothes and the model, carries a visually appealing attire.

Unquestionably, compliments and words of adoration flooded in from her supporters in the comments section. A fan used the abbreviation “Omfgggg” which, in the slang of today’s hyperbole, means “opening my fucking God gracious grinning jaws” to communicate her incomparable stunning looks. Another wrote “Trop belle Ava !!!!” in the French section. This was translated in “So beautiful Ava!!!!” While in her international comments, the comments were also translated and stated that she “looks so perfect with a smile.” In my opinion, this can resonate easily with her fan base as they were enchanted with her image, especially with the ravishing red dress.

Moreover, Max garnered praises from film and photo professionals who were spellbound by her looks. One other professional even went so far posting that he dreams of working with her as a celebrity and hails her as one of the easiest to click pictures of. This praise is quite huge as she has unlocked something many would not have, something seasoned photographers would appreciate.

In her posts, the followers tend to link various things to her musical career, which is not entirely wrong. As per a follower’s comment, there was only one in the comments section, “Your album is all I listen to, queen!!” seemed to link her to her music as her fan. Nonetheless, there is one comment that has no music link but instead talks about her amazing looks and her musical gift, “Beautiful person, soul, great vocals and octaves,” is a comment that singles out her amazing looks and music talent.

The followers were represented through the Brazilian base, with a comment stating, “hope to see you in brazil 🇧🇷 we love u,” while the Moroccan supporters displayed their love through a series of comments. “Thank you for helping me remember… ❤️❤️❤️” is a good example, showing a deep emotional connection towards her music.

In relation to the photo, the singer’s public appearance inclines fans to remember the times Ava has entertained them, and such a message as “we all missed you sooo much so happy you’re back” refers to the fact that fans were always expected to drop such comments considering Ava’s silence.

The growing number of Ava Max fans is quite evident, and the post is set as a good starting point, allowing people to pay more attention to her from that moment onwards. People are thrilled to hear her music, and everyone can see the hard work she puts in to please her fans. Both in the music industry and for her fan base, she is unique with her music style.

I mean, every photo puts a different book in the shelves of the mind of her fans, let alone the ones in her album, and one song adds another shelf with a new forth. A photo that had nothing to do with Ava’s new music works, even so, was the “Trop belle Ava !!!!” accompanied with “So beautiful Ava!!!!”.

But it’s not only a praise for the moment, I think that Ava is sincere in what she does. It’s almost one of the reasons I admire her. It’s been a while since I’ve seen Ava of any nature and, with the praise, she’s received, I am sure that whatever work that she’s cooking up is meaningful and has sufficient thought put towards it. Ava sometimes serves and a bit of art, and the world definitely breeds more geniuses like that.

The one that most certainly resonated is “thank you for helping me remember”… to myself … my upbringing in the world of music, “auras les sons du monde.” This certainly took a happy blast from the past. “Auras les sons du monde,” in English, translates to “you will have the sounds of the world,” making me regain my admiration for the unexplainable aura that the world of art holds.

Her fans warmly welcomed her return, acknowledging her work for years, something that appeared to be an outing for fans to appreciate. The Ava Max is a person and an artist quite different from what was essentially brought to the world to gold and meat people tend to see.

Ava Max is not only known in America; in fact, she is a popular musical artist worldwide. Fans seem to adore every image she shares on different social media platforms as well as her musical identity. Miss Max’s presentation is always peculiar, as she tries to distinguish the style of her attire and make sound in pop music with the help of today’s social media.

Advertisement

Social media is the greatest encouragement tool, and the team supporting it has definitely done an amazing work here. They were able to manage the emotions of the fans with a brilliantly set display of the photos. Nothing was out of the ordinary and everything went as expected so they were able to maintain the fans’ attention with dignity along with the well over-simplified pictures that seemed to get the job done.



This story originally appeared on Celebrityinsider

Frank Ocean Drops Cryptic Hint About Sexuality as Dating Speculation Grows

0


Frank Ocean recently shared a cryptic post on his Instagram story that has left his fans guessing why the singer is reiterating his sexuality. This comes amidst rumors of him being involved with UFC bantamweight contender Payton Talbott. So, what was this Instagram story, and what could it mean?

Frank Ocean posts about sexuality on Instagram story

In a new development, the “Novacane” singer shared a vague Instagram Story post seemingly aimed at reiterating his sexuality.

Frank Ocean shared the story of what appears to be a screenshot from an online quiz. It read, “Overall: Bi: Homosexual-Leaning.” (via Complex) This is too cryptic to decipher anything meaningful. Yet, many fans have linked it to Ocean’s romance rumors with Payton Talbott. However, this post could also not be about his sexuality but that of someone close to him. Thus, it is not really clear what the post implies.

Ocean has not shied away from discussing his sexuality in the past. Before the release of his debut album Channel Orange in 2012, he opened up about his first true love, a man he had feelings for when he was 19, in a letter he posted on Tumblr. The R&B artist previously also reiterated that he did not like putting labels on sexuality.

“I’ll respectfully say that life is dynamic and comes along with dynamic experiences, and the same sentiment that I have towards genres of music, I have towards a lot of labels and boxes and shit. I’m in this business to be creative—I’ll even diminish it and say to be a content provider,” the “Thinkin Bout You” crooner told GQ.

“People should pay attention to that in the letter: I didn’t need to label it for it to have impact. Because people realize everything that I say is so relatable, because when you’re talking about romantic love, both sides in all scenarios feel the same shit. As a writer, as a creator, I’m giving you my experiences,” shared Ocean.

While rumors continue to swirl about Frank Ocean’s possible romance with Payton Talbott, he has not publicly commented on the rumors. Meanwhile, the latter has also abstained from any comments.

Originally reported by Sourav Chakraborty on Mandatory.



This story originally appeared on Realitytea

Here’s how an average UK investor could target a £69k passive income with dividend shares

0


Image source: Getty Images

There are many ways that investors can use their retirement fund to source a passive income. My plan is to invest my money in dividend shares, which I’m hoping will substantially supplement my State Pension and help me live comfortably.

Investors like me could buy an annuity product with their nest egg for a guaranteed income. Alternatively, they might draw down a percentage of their portfolio. That plan of action could fund their retirement for 20-30 years.

But my preferred option is to plough my money into a range of dividend stocks. That way, I have a chance to receive an income stream that grows over time, unlike an annuity where cash rewards are fixed. And I won’t erode my capital, which is a major drawback of drawdown strategies.

There is one big danger of this strategy, however: dividends are never, ever guaranteed. However, a diversified portfolio of dividend-paying shares can help investors substantially reduce this risk.

Targeting a near-£69k passive income

But how much could an investor make with this strategy? That depends on the size of their nest egg by retirement, and the dividend yields on the shares that they buy.

Let’s say we have an investor who puts away £514 a month in growth and dividend shares over 30 years. That’s the average amount that Brits invest each month, according to Shepherds Friendly.

If they can achieve an average annual return of 8% each year, they would — after 30 years — have built a retirement fund of £766,045. This could then generate a yearly passive income of:

  • £38,302 if invested in 5%-yielding dividend shares
  • £45,963 if invested in 6%-yielding dividend shares
  • £53,623 if invested in 7%-yielding dividend shares
  • £61,284 if invested in 8%-yielding dividend shares
  • £68,944 if invested in 9%-yielding dividend shares

Trust exercise

These projections show the appeal of investing in high-yield dividend shares. The problem is that this strategy carries higher risk, as the largest yields often come from shares struggling with weak earnings or poor balance sheets.

But as I said at the top, building a diversified portfolio can greatly reduce the risk of trouble for investors. This can be achieved cheaply and simply with a dividend-based investment trust. Take the Henderson Far East Income (LSE:HFEL) trust for instance.

As its name suggests, this investment vehicle is set up “to maximise the growing opportunities for high-income investing in the Asia-Pacific market“.

This means it carries more regional risk than trusts that hold shares from across the globe. Yet, it’s still quite well diversified in my view, holding 75 shares across sectors as diverse as financial services, utilities, real estate, and information technology. This depth has given Henderson Far East Income the strength to consistently raise annual dividends since 2007.

There’s another big advantage to this particular trust. By focusing on high-growth nations like China, India, Taiwan, and Indonesia, it has the scope to deliver substantial capital gains and an abundant and growing passive income. It’s a strategy that’s so far proved highly effective, and City analysts are tipping another year of dividend growth in 2025, leaving a huge 10.6% forward dividend yield.

While dividend shares carry risks, a well-planned strategy — perhaps with the use of investment trusts like this — can potentially deliver a large and growing retirement income.



This story originally appeared on Motley Fool

In face of extreme heat, L.A. may require landlords to keep their rentals cool

0

Los Angeles landlords may soon be required to keep rental units cool — or at least make it possible for tenants to do so.

County supervisors last month passed a law requiring landlords in unincorporated areas to provide a way to keep their rental units at 82 degrees or below. A measure introduced Wednesday in the Los Angeles City Council directs officials to draft language conforming to the same standards.

That comes as climate change ratchets up the frequency and intensity of heat waves. Extreme heat already kills more people in the United States each year than any other weather-related event, according to the National Weather Service.

Sustained indoor heat above 82 degrees has been linked to increased emergency-room visits, hospitalizations and deaths, according to a news release from Councilmembers Bob Blumenfield and Eunisses Hernandez, who introduced the measure along with Councilmember Adrin Nazarian.

“It’s a health issue, first and foremost,” said Nazarian, who pointed out that the effects of extreme heat fall disproportionately on vulnerable populations like those who are chronically ill. Older residents are much more susceptible to dying from heat or related complications, he said. And poorer people are more likely to live in aging buildings without duct systems or air conditioning units. “It’s critical for us to take steps so that we’re protecting our residents.”

The California Department of Housing and Community Development earlier this year urged lawmakers to adopt the 82-degree maximum temperature threshold statewide. State law already requires rental units to include equipment that can heat the unit to at least 70 degrees.

“Why should cooling be any different?” asked Blumenfield, who represents the hottest part of the city — his 3rd District covers much of the southwestern San Fernando Valley. Last year Woodland Hills, where Blumenfield also lives, hit 121 degrees — the highest temperature ever recorded in Los Angeles. “We always have heat strokes go up and all sorts of health related issues happen when it gets really hot,” he said.

The intention of the proposed measure is to hew as closely to the county regulations as possible, including provisions that provide flexibility to small landlords, Blumenfield said. For instance, the county rules allow landlords who own 10 or fewer units to meet the temperature requirement for just one room until 2032. And while the law took effect this month, it won’t be enforced until 2027.

The measure will take some time to draft and be heard by various committees but could come up for a vote before the full council in a matter of months, Blumenfield said.

If it passes, Los Angeles would join a growing list of cities that have adopted maximum temperature thresholds for rentals. In Phoenix, units with air conditioning must be able to maintain a temperature of 82 degrees or below. In Clark County, Nev., units must be able to stay at 85 degrees or cooler. In Palm Springs, units need to have air conditioning and be able to maintain 80 degrees. Dallas requires landlords to keep buildings at least 15 degrees cooler than the outside temperature but no higher than 85 degrees, and New Orleans requires units to be able to maintain a maximum temperature of 80 degrees in all bedrooms.

The Apartment Assn. of Greater Los Angeles was adamantly opposed to the measure, saying it would drive up the cost of housing and ultimately lead to higher rents.

It’s difficult to maintain a unit at 82 degrees without using an air conditioner, which can be costly to both landlords — who may need to upgrade buildings’ electrical service — and tenants, who must pay for utility bills, according to Daniel Yukelson, the group’s chief executive and executive director.

“Any cooling device will be ineffective if too expensive to operate because renters cannot afford the electricity,” he wrote in an email. “It’s like prescribing medication with a co-pay that is too high for a patient to refill.”

Yukelson also questioned whether the electrical grid can accommodate the additional load, saying that customers are already subjected to blackouts and brownouts during the summer.

Nazarian and Blumenfield both pointed out that the law does not require air conditioning, and said units could be kept cool with other interventions, including cool roof technology and window tinting. The Los Angeles Department of Water and Power also offers rebates to help certain customers purchase air conditioners, Nazarian said.

Grace Hut, assistant director of policy and advocacy for tenants’ rights group Strategic Actions for a Just Economy, said her organization has spoken with many renters whose landlords have actively prohibited them from installing air conditioner units. While she understands concerns about utility prices, tenants ultimately want to be able to choose for themselves whether or not to turn on an air conditioner and shoulder the higher electricity costs, she said.

“On extreme heat days, access to air conditioning can be a matter of life and death, and they should have the option to use it,” she said.

The city should also dedicate resources to enforcing the temperature-threshold rules and to helping tenants afford their utility bills to lessen the burden, she added.

“Climate change is only going to continue to exacerbate this issue so it’s really important that we take action immediately,” she said.

Last year was the warmest on record globally, and temperatures are projected to continue to rise. In 2022, a Times investigation revealed that heat probably caused about 3,900 deaths in California over the previous decade — six times the state’s official tally — and that the undercounting has contributed to a lack of urgency in confronting the crisis.

Times staff writer Rebecca Ellis contributed to this report



This story originally appeared on LA Times