Monday, February 10, 2025

 
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NY Democrats reach for new low in plot to stall House special election

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In a purely partisan, anti-democratic effort to hamstring Speaker Mike Johnson, Gov. Hochul and Albany Democrats are scheming to keep soon-to-be UN Ambassador Elise Stefanik’s current House seat empty for needless months — maybe even through November.

Barring some bizarre turn of events, a Republican is sure to win any fair election in the North Country district; it’s also Trump country: Stefanik won with 61% of the vote in November.

With a narrow and fractious GOP majority (218 to 215 at the moment), the speaker needs every seat filled just to get on with the nation’s work, and of course the district’s residents (15 counties’ worth!) will be ill-served by having no House rep at all.

But House Minority Leader Hakeem Jeffries, eager to gum up the works in Washington, has his Democratic allies in Albany working to keep the seat empty in what Johnson rightly calls “an open display of political corruption.”

State law now requires Hochul to act within 10 days after Stefanik resigns her House seat, by calling special election to fill it within 80 days, or no later than mid-May — but the drive is on in the Legislature to drag it out until at least late June.

Reality check: Everyone’s known the seat was coming open for weeks, ever since Trump named Stefanik as his UN pick. The gov should set a election date within a month.

The pretext for delay is that it would save a bit of cash by avoiding a special election, holding the vote when the polls are already open for the statewide June 24 primary — oh, and also give possible insurgents a better chance at winning.

Horse puckey: When have New York Democrats, who’ve goosed state spending into the multi-hundred-billion stratosphere, ever cared about saving a few bucks? Or about giving challengers a shot against the political machines?

And Dems didn’t even suggest such “reforms” last year to “improve” the two special elections (in Buffalo and Nassau) where they held an edge over the GOP.

Instead of shutting down the hypocrites in her party, Hochul notes that other states have left House seats open for even longer — as if that justifies disenfranchising New York voters who happen to be her constituents, too.

It’s close enough to political racketeering that Hudson Valley GOP Rep. Mike Lawler says the Justice Department should open a RICO probe of this plot.

At the least, it’s yet more proof that all Democrats’ noise about “protecting democracy” is really just about protecting their own partisan power.



This story originally appeared on NYPost

Interest rates fall again! Here are 3 FTSE dividend growth shares to consider buying

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Image source: Getty Images

As expected, the Bank of England has cut interest rates to 4.5%. This is great news for borrowers, not so much for those with cash savings beyond an all-important emergency fund. Thankfully, there’s an alternative to sticking money in a bog-standard bank account: dividend growth shares!

Strong and stable

One option that jumps out at me is online trading platform provider and FTSE 250-listed IG Group (LSE:IGG). Its shares are currently set to yield 4.7%. This cash return has also been rising in recent years. The dividends look set to be comfortably covered by predicted profits too.

Since IG earns more in commission fees when traders are particularly active, this might also be a good play for riding out periods of volatility in the markets (and even profiting from them).

It’s not all gravy, though. This is a competitive space that frequently finds itself under the spotlight of regulators. So, there’s nothing to say that IG’s share price won’t yo-yo about the place every so often.

For someone intent on getting their money to work harder for them, however, I think it’s a great option to consider to kick things off. Despite the shares rising 50% in the last 12 months, a price-to-earnings (P/E) ratio of 10 still looks reasonable to me.

Massive yield

A second dividend growth stock worth pondering is molten metal flow engineering and technology specialist Vesuvius (LSE: VSVS).

Importantly, this firm operates in a completely different sector to IG Group. Again, that doesn’t mean the dividends are completely secure. But it does help to reduce the risk of no income at all being received. This £1bn cap business offers a stonking yield of nearly 6% for FY25. That’s getting on for nearly double the average across the FTSE 250.

One thing to be aware of is that steel and foundry markets in North America and Europe are expected to stay “subdued” for a while. This means profit from last year is likely to come in “slightly below” that achieved in 2023.

On a more positive note, management is reducing costs where it can and the balance sheet doesn’t look stretched as it stands.

Full-year numbers are due in March but I suspect a lot of negativity is already priced in.

Boring but beautiful

Completing the trio that I think are worth considering is old favourite — consumer goods giant, Unilever (LSE: ULVR).

Now, this isn’t a company that sets the pulse racing. But that’s surely not the goal. What matters more is whether a business boasts a better-than-average record of throwing increasing amounts of cash back to its investors.

Despite the occasional wobble, that’s been the case here. One of the UK’s biggest companies, Unilever has been a reliable source of passive income for decades thanks to our tendency to habitually buy Marmite, Persil and Lynx (and a whole lot more).

When times are tough, there’s certainly an argument for saying Unilever risks losing sales to retailers’ own-brand items. The 3.4% forecast yield is also good but not spectacular.

However, the company’s sprawling operations mean it’s not overly dependent on any one economy when it comes to earnings. I’d also argue that falling rates should mean previously-hesitant consumers will now be more willing to splash out on their favourite brands.



This story originally appeared on Motley Fool

Is it worth me buying Lloyds shares for 61p after a 49% rise?

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Image source: Getty Images

With Lloyds (LSE: LLOY) shares having risen, I wanted to find out whether there is any value left in them. And the first part of my price evaluation was to compare Lloyds’ key valuations with its peers.

The ‘Big Four’ UK bank trades at 8.3 on the price-to-earnings ratio bang in line with the 8.3 average of its competitors, but higher than three of them. These comprise NatWest at 7.7, Standard Chartered at 7.9, HSBC at 8, and Barclays skewing the number at 9.8. 

So, Lloyds looks slightly overvalued on this basis.

It appears fairly valued on the 0.8 price-to-book ratio – the same as its competitors’ average.

And it seems slightly undervalued on a price-to-sales ratio of 2, against a peer average of 2.3.

Now for an assessment accounting for future cash flow forecasts. This is the acid test in my experience as a former investment banker and private investor for 35 years.

A discounted cash flow analysis shows Lloyds shares are still 53% undervalued. This is despite their sizeable price rise from their 13 February 12-month traded low of 41p.

Therefore, a fair value is technically £1.30, although they may go higher, or never reach that level.

Does the business support a bullish view?

I think a principal risk for Lloyds is declining UK interest rates if inflation continues to fall. This could dent its net interest income (NII), which is the difference between interest received on loans and paid on deposits.

Indeed, over the first nine months of 2024, underlying NII fell 8% year on year to £9.6bn. Underlying profit declined 12% to £5.4bn.

Q3 2024 was a little better, with underlying NII falling 6% and underlying profit dropping 8%.

That said, Lloyds showed a statutory profit before tax of £1.823bn. This outstripped market expectations of £1.6bn, although it was 2% lower than Q3 2023.

Will I buy?

It is crucial in stock picking to appreciate where one is in the investment cycle, in my experience.

Basically, the younger an investor is, the more time a chosen share has to recover from any pricing shocks. Consequently, younger investors can afford to take greater risks on a stock than older ones.

I am aged over 50 now, which means two things for me. First, I have reduced my risk tolerance for new stocks and I have sold stocks that were at the higher end of the risk curve.

Second, I am focused on shares that generate a high dividend income. This should allow me to continue to reduce my weekly working commitments.

Lloyds shares are still priced under £1, which means every penny represents 1.6% of the stock’s entire value. This is way too high a pricing volatility risk for me to accept.

And on the dividend income front, the stock only pays 4.5%. This is way off the 7%+ annual return I demand from my high-yield picks.

Consequently, it is not worth me buying Lloyds shares right now.

That said, if I were younger I would consider them, based on their undervaluation and forecast rising dividends.

In this latter regard, analysts forecast Lloyds’ dividends will increase to 3.29p in 2025, 3.8p in 2026, and 4.76p in 2027. This would give respective yields on the current share price of 5.3%, 6.2%, and 7.7%.



This story originally appeared on Motley Fool

Tom Brady welcomes new challenges as broadcaster, Raiders owner

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Tom Brady is widely acknowledged as the greatest quarterback of all time. His knack for performing in the clutch and winning Super Bowls is unparalleled.

His current juggling act might be every bit as difficult.

Brady made his NFL broadcasting debut as an analyst for Fox in September after signing a 10-year, $375-million contract despite being a novice in the booth.

A month later the NFL approved his purchase of a minority ownership stake in the Las Vegas Raiders.

The apparent conflict of interest was negotiated, with Brady forbidden from attending production meetings ahead of the games he called and from attending NFL practices for teams other than the Raiders.

The seven-time Super Bowl champion addressed it Wednesday during a news conference.

Of broadcasting, he said, “I understand I am a long way away from being a finished product, but I really enjoy the opportunity.”

Of team ownership, he said, “The best part for me is I love football so much and the fact that I get to be involved with it for the rest of my life and showcase this great game, not just as a broadcaster, but in a limited partner role with an organization.”

Both roles already have been marked by achievement. He’s barreled ahead of the excellent color commentator Greg Olsen, who was benched by Fox in favor of Brady to serve as analyst during Super Bowl LIX in New Orleans on Sunday.

Brady’s work with the Raiders hasn’t taken a backseat, despite his protest that “My ownership interests is just much more of a long-term, kind of behind the scenes-type role.”

The franchise made a splashy hire in veteran coach Pete Carroll, poached respected executive Mark Thewes from the division rival Denver Broncos as senior vice president of football operations and reeled in Chip Kelly from Ohio State as offensive coordinator.

“I am there to support the team and leadership and the overall vision of success,” Brady said. “It is something I hope a lot of other players get the opportunity to do. I want the game to continue to grow and continue to improve and get better. Whatever role I can play in that, I am really excited to do that.”

NFL commissioner Roger Goodell told reporters Monday that Brady checked in with league officials periodically during the season to get feedback on how he and the league were handling the perceived conflict of interest. Goodell relaxed the rule prohibiting Brady from participating in production meetings for the Super Bowl. He’s been allowed to attend meetings with the Kansas City Chiefs and Philadelphia Eagles, although he’s still barred from watching practices.

Although his knowledge of the game is unquestioned, Brady has been criticized for not being tough enough on players who make mistakes. He said he’s thinking more about viewers than players.

“You don’t want to go on air and be overly critical because it’s not fun for the viewer,” he said. “I don’t think to take a negative critique is the way I view the game. We’re viewing athletes at the highest level of what they do. You’re never really insulting the player. You’re insulting the play or the decision. I have tremendous amount of respect for anybody that suits up in uniform and goes out there to play because they’re putting a lot on the line.

“At the same time, there are things I have been critical of that I’m not afraid to kind of speak my honest opinion about as soon as I see it. I want to be very fair. I want to be very transparent. I have a great commitment to integrity. I take that very seriously in this role.”

As for preparing for the Super Bowl, Brady said Fox already shot his interview with Patrick Mahomes that will air during the pregame show. Brady emphasizes that any accolades the Chiefs quarterback gets are well deserved.

“I said to him, ‘Look, there is nobody that would be more happy for you than me if you go out and you do something that no other team in history has ever done and no other quarterback’s ever done,’” said Brady, who made a record 10 Super Bowl appearances, including beating Mahomes and the Chiefs in Super Bowl LV following the 2020 season. “Because I love seeing other people achieve great things. Anything that Patrick is doing I don’t believe will ever detract from what I accomplished in my career.”

Now Brady has dual careers that he’s trying to make sure don’t become dueling careers.

“Part of the experience of life is challenging yourself and getting outside your comfort zone to experience new things,” he said, “where it can be more of a transformational experience for you.”



This story originally appeared on LA Times

Lakers trade for Charlotte Hornets center Mark Williams

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Rob Pelinka, the Lakers’ general manager and frequent target of the team’s fan base for inaction on the trade market, sat in front of cameras and told everyone there was no way to wave a “magic wand” and make the right center appear.

For months the Lakers’ front office signaled there wasn’t a center available who fit their price range and roster needs, needs that got only more obvious once Pelinka dealt Anthony Davis and Max Christie for Luka Doncic.

And Tuesday, as he sat next to Doncic, Pelinka pledged to address that need, while asking for patience.

But Wednesday night with the NBA’s trade deadline a little more than a half a day away, a center did appear — and there was hardly any magic involved.

The Lakers acquired 23-year-old 7-footer Mark Williams from the Charlotte Hornets, emptying what little was left in their asset arsenal to acquire a talented player with a history of injuries.

To get Williams, a former first-round pick, the Lakers sent rookie Dalton Knecht, a 2030 first-round pick swap and their 2031 unprotected first-round pick to the Hornets. The Lakers also included forward Cam Reddish to create a roster spot they could fill on the buyout market.

The Lakers traded Dalton Knecht, above, and Cam Reddish to Charlotte, along with two draft picks.

(Etienne Laurent / Associated Press)

According to people familiar with the deal not authorized to speak publicly, the Lakers made the move after meeting with Doncic and speaking with him about the kind of center he prefers playing with: an athletic screener and lob threat. Then the Lakers got to work on Williams’ medical history, because he’s been limited to 84 games since he was the 15th pick in the 2022 draft.

Williams missed significant time with foot, ankle and back injuries, the latter keeping him out for most of last season. According to people familiar with the transaction, the Lakers are satisfied the back problems no longer are an issue and the other injuries have been more bad luck than anything else.

So, Pelinka, once criticized for not trading the Lakers’ future first-round picks, used the two available to him in a span of five days to add a perennial 25-year-old All-NBA player in Doncic and a 23-year-old center in Williams, giving the Lakers and 40-year-old LeBron James a credible shot at title contention.

Williams has blossomed on the offensive end since moving into the starting lineup on Dec. 13, averaging 17.4 points, 10.7 rebounds and 1.4 blocks while shooting 59.7% from the field and 77.4% from the free-throw line.

Last Saturday against Denver and Nikola Jokic, Williams scored 20 points and had 15 rebounds, including six offensive.

After dealing Davis, the Lakers now have Williams, Jaxson Hayes and small-ball lineups with Jarred Vanderbilt and Dorian Finney-Smith to navigate a Western Conference that includes players like Jokic, Alperen Sengun and Jaren Jackson Jr.

To get Williams,the Lakers dealt their last available first-round pick — 2031. They have the 1-4 protection on the 2027 first-rounder they dealt to Utah, though their recent trades are designed to keep them out of the lottery and vault them into contention.

In Knecht, the Lakers send their first-round pick who just came through a horrific shooting slump to score in double figures in six of their last nine games. While holding great belief in Knecht’s offensive abilities, the defensive struggles were significant enough to limit his ability to potentially contribute this spring.

The NBA trade deadline is Thursday at noon, the Lakers left with minimal options for another deal. The last remaining draft pick they have to trade is their second-round pick this year.

The Lakers play the Golden State Warriors, who just dealt for Miami forward Jimmy Butler, on Thursday in Los Angeles.



This story originally appeared on LA Times

A Renaissance of Modern Style

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Liu Wen stars in Ferragamo’s spring-summer 2025 campaign. Photo: Juergen Teller / Ferragamo

Ferragamo transports its spring-summer 2025 campaign to the breathtaking Villa Mangiacane in Tuscany. History meets modernity in an effortless fusion. Shot by acclaimed photographer Juergen Teller, the campaign features models Liu Wen, Claudia Campana, and Naoki Sumiya.

Ferragamo Spring/Summer 2025 Campaign

Ferragamo features an oversized bag in its spring-summer 2025 campaign.
Ferragamo features an oversized bag in its spring-summer 2025 campaign. Photo: Juergen Teller / Ferragamo

They pose against the villa’s Renaissance frescoes and serene backdrops. The designs reflect Ferragamo’s signature elegance with a contemporary edge. Highlights include sculptural sandals, ballet shoes with silk ribbons that wrap around the calf, and sleek patent red kitten heels inspired by the brand’s archives.

Sunglasses stand out in Ferragamo's spring-summer 2025 campaign.
Sunglasses stand out in Ferragamo’s spring-summer 2025 campaign. Photo: Juergen Teller / Ferragamo

Accessories take center stage with the intricately interlaced Gancini coat and the soft nappa Gancini-pierced bag. A frayed cotton version of the Hug bag adds a touch of relaxed sophistication.

Claudia Campana poses in Ferragamo's spring 2025 ad.
Claudia Campana poses in Ferragamo’s spring 2025 ad. Photo: Juergen Teller / Ferragamo

Styled by Lotta Volkova, the campaign focuses on light layering and standout accessories. “It’s about showing the elegant classicism of the brand, but making it a little more perverse, a little more playful.” shares creative director Maximilian Davis.



This story originally appeared on FashionGoneRogue

Jimmy Butler has ‘wild wild west’ reaction to blockbuster Warriors trade

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Jimmy Butler seemingly had a message for the NBA after he was traded to the Warriors on Wednesday night. 

The NBA star was dealt in a four-team trade that involved the Heat, Warriors, Jazz and Pistons, according to multiple reports.

Andrew Wiggins, P.J. Tucker, Kyle Anderson and a protected first-round pick are headed to Miami as part of the deal that ends the long-running saga between Butler and the Heat. 

After news of the trade broke online, Butler posted a song on his social media accounts with the caption, “Welcome to the wild wild west.” 

The posts also included a music note emoji.

Rapper, singer, songwriter and record producer Breland was tagged in the post on Instagram. 

It’s not clear who the credits belong to on the song with country vibes, though it could be from a country music project that Butler has been working on with Breland.

Jimmy Butler is headed to the Warriors. Sam Navarro-Imagn Images

The song features lyrics that could be perceived as a signal of what’s to come for him with his new team. 

One verse of the song went, “Try to put a bounty on my head and whole lotta people gonna wind up dead. Anything goes at the end of the road, ain’t nobody bout to slow me down.” 


Jimmy Butler ends his tenure in Miami that included three suspensions this year.
Jimmy Butler ends his tenure in Miami that included three suspensions this year. AP

Butler had reportedly preferred to go to the Suns, but the deal that sent him to Golden State is sure to be enough to make Butler happy to be out of South Beach, where things between him and the Heat had deteriorated. 

While Miami had initially shot down notions that they would trade Butler — with team president Pat Riley even putting out a statement saying as much in December — they had to do an about-face when it became clear that Butler did not want to play for the organization any longer. 

In the weeks that followed, Butler was suspended three times for various reasons related to “conduct detrimental to the team,” which included missing a team flight and walking out of a morning shootaround after he was informed he wouldn’t be in the starting lineup.




This story originally appeared on NY Post

Watch CNN’s Scott Jennings Calmly Explain the Appeal of Musk and DOGE to His Colleagues: ‘This is Radical Transparency’ (VIDEO) | The Gateway Pundit

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CNN’s lone conservative analyst Scott Jennings explained the appeal of Elon Musk and DOGE to his fellow panelists today and did so in a calm and straightforward manner, as usual.

Naturally, everyone else on the panel is on the Democrat side on this issue. They simply don’t get it.

Jennings reminds them that the American people voted for this and explains why this kind of transparency on government spending is so popular with most people. Voters want to know how their money is being spent.

Partial transcript via the Vigilant Fox on Twitter/X:

“The American people elected Donald Trump because they thought he was going to be a sledgehammer against this government and against the out-of-control bureaucracy,” Jennings explained. “And Elon Musk is the instrument of the destruction.”

The media and political elites might hate it, but the truth is there’s nothing bad about the politics of revealing to Americans where their money is being spent.

“Did you know your money’s going here? Did you know your money’s going there?” Jennings asked.

“It’s all upside for Trump.”

Watch the video below:

Scott Jennings is the best thing that ever happened to CNN. His ability to break down political issues like this one provides more balance to the discussion on the network than anyone has seen in years. It’s amazing that CNN has not given him a greater role or even his own show.




This story originally appeared on TheGateWayPundit

West Bank: The E1 project could end the chance of a Palestinian state

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A town called Trump?

It could happen in the Middle East and thousands could be displaced in the process.

After a new law, passed by Israel’s Knesset, settlers now have the right to buy land individually in the West Bank, the Palestinian territory occupied by Israel since 1967.

A project called E1 is back on track.

First launched in the 1990s, then halted by international objections, Donald Trump’s removal of sanctions against settlement development changes everything.

The project could cut the West Bank in two, end the chance of a Palestinian state, and result in a town named after the US President. Raïd Abu Zaideh, Pauline Gordart and Mark Owen report.


This story originally appeared on France24

These ancient scrolls were charred by a volcano – are they now revealing their secrets? | World News

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Ancient scrolls charred by a volcanic eruption 2,000 years ago may finally be starting to reveal their secrets.

UK scientists say they have made a historic breakthrough in their efforts to decipher the artefacts – with the assistance of AI.

Hundreds of papyrus scrolls were found in the 1750s in the remains of a lavish villa at the Roman town of Herculaneum, which along with nearby Pompeii was destroyed when Mount Vesuvius erupted in 79AD.

While the heat and ash from the volcano was catastrophic for the town, it preserved the scrolls – though in an unreadable state.

Image:
An X-ray scan of part of one of the scrolls. Pic: AP

Scholars and scientists have been working for more than 250 years on ways to decipher the scrolls, which are too fragile to be unrolled physically.

In 2023, several tech executives sponsored the “Vesuvius Challenge” competition, offering cash prizes for efforts to decipher the scrolls with technology.

On Wednesday, the challenge announced a “historic breakthrough,” saying researchers had managed to generate the first image of the inside of one of the three scrolls held at Oxford University’s Bodleian Library.

University of Kentucky computer scientist Brent Seales, co-founder of the challenge, said the organisers were “thrilled with the successful imaging of this scroll”, saying it “contains more recoverable text than we have ever seen in a scanned Herculaneum scroll”.

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The scroll was scanned by Diamond Light Source, a lab in Harwell, near Oxford, by using a particle accelerator known as a synchrotron to create an intensely powerful X-ray.

AI was then used to piece together the images, searching for ink that reveals where writing is located. A 3D image of the scroll can then be formulated that allows experts to unroll it virtually.

Little of the text has been deciphered so far. One of the few words that has been made out is the ancient Greek for “disgust”.

Peter Toth, a curator at the Bodleian Library, said: “We need better images, and they are very positive and very, very confident that they can still improve the image quality and the legibility of the text.

“And then don’t forget that there is like 1,000 more scrolls in Naples.”



This story originally appeared on Skynews