Tuesday, December 2, 2025

 
Home Blog Page 73

iOS 27 rumored to be focused on stability, like macOS X Snow Leopard was

0



The iOS 27 update in fall 2026 is rumored to have a focus on AI and importantly improving performance and stability, instead of adding hundreds of new features.

iOS 26 brought Liquid Glass. iOS 27 may run smoother

The annual WWDC reveal of Apple’s fall operating systems is a big moment for the company, as it reveals what to expect from iOS and its other operating systems later in the year. For 2026, Apple may not offer many features to consumers than usual.

According to Mark Gurman in Bloomberg’s “Power On” newsletter on Sunday, Apple will be making iOS 27, macOS 27, and other operating systems of that generation better. However, there won’t be a big song and dance over features.

Rumor Score: 🤔 Possible

Continue Reading on AppleInsider | Discuss on our Forums


This story originally appeared on Appleinsider

GoTo taps new CEO in step toward game-changing Grab takeover

0

GoTo Group appointed a new chief executive officer to replace Patrick Walujo, a move that’s expected to speed the takeover of Indonesia’s largest internet company by Grab Holdings Ltd.

Chief operating officer Hans Patuwo will take the helm from Walujo, the company said Monday. His appointment—which requires shareholder approval—comes after GoTo co-founders and prominent investors including SoftBank Group Corp. pushed for Walujo’s ouster over a dismal stock performance.

The change-up marks an about-face for GoTo, which in January said Walujo, 50, would run the company for years to come. The former investment banker helped usher the Indonesian ride-hailing and delivery giant to its first profit over a two-and-a-half-year tenure as CEO. But the company lost more than 40% of its value over the same period, and he also opposed a takeover by Singapore’s Grab.

Shares of GoTo climbed as much as 6.3% in Jakarta Monday, giving the company a market value of about $5 billion. Grab, traded in New York, has a market capitalization of $20 billion.

“The transition could signal a pivot towards operational focus and revive the long-stalled proposed Grab-GoTo merger,” Citigroup Inc. analysts Ferry Wong and Ryan Davis wrote. 

Patuwo, 49, is now set to steer a company mired in a persistent funk, grappling with a global shift towards artificial intelligence and preparing to revive talks with Grab. The likelihood of a takeover—after years of on-and-off discussions—is increasing after Indonesia’s government said it’s talking to the two companies about a deal.

The country’s sovereign wealth fund, Danantara, is set to get involved in a plan to combine the companies. The fund began exploring a minority stake in a combined entity early this year, people familiar with the matter said in June.

Its involvement could smooth concerns that consumers will lose out in a marriage of the country’s two biggest ride-hailing providers. “Danantara’s possible minority stake in a potential combined entity would serve as both a symbolic and structural safeguard of national interest,” and would assuage monopoly concerns, the Citigroup analysts wrote.

Patuwo joined the company more than seven years ago from an Indonesian conglomerate, according to his LinkedIn profile. He started at the ride-hailing arm Gojek, building relationships with drivers and merchants and expanding its network across the country. Patuwo then moved to head payments and financial services.

Among other leadership changes, GoTo said it’s appointing co-founder Andre Soelistyo to the board of commissioners. In Indonesia, company commissioners typically function as a separate body from directors, serving as a sort of steering committee on matters including corporate governance.

Soelistyo, who headed the company before he was replaced by Walujo, helped carry out the merger of Gojek and e-commerce firm Tokopedia that created Indonesia’s biggest internet company. Previously, he was an executive director at Northstar Group, Walujo’s former private equity firm.

GoTo shareholders will vote on matters including the leadership shift in an extraordinary general meeting on Dec. 17.



This story originally appeared on Fortune

3 cheap shares to consider with eye-wateringly high dividend yields!

0


Image source: Getty Images

Some of the best dividend stocks I own are on the FTSE 100. But that doesn’t mean low-cap cheap shares on the UK market can’t deliver decent income.

In fact, there are some surprisingly high yields on the FTSE All-Share and AIM index. But are they worth the risk? Let’s take a look.

Taylor Wimpey

One of the UK’s largest property developers, Taylor Wimpey (LSE: TW.) has seen its dividend yield climb above 9% this year. That follows a 20% share price decline, bringing the shares down to 99p each.

But with earnings expected to improve, its forward price-to-earnings (P/E) ratio of 12.15 suggests it could now be undervalued.

That makes it a stock worth considering for both income and value investors.

However, a weak UK housing market has seen its earnings decline by 65.8% year on year. With an eye-wateringly high payout ratio and weak cash coverage, a dividend cut is a strong possibility.

If the UK housing market recovers in 2026, it could be a good opportunity at this price. But that’s a big if. 

RWS Holdings

RWS Holdings (LSE: RWS) is a translation technology company with a 70p share price and an exceptional dividend yield of 17.5%. That immediately raises serious questions about its sustainability. With a payout ratio of 182%, earnings coverage is weak.

But according to reports, the company has sufficient cash to cover dividend payments by 1.75 times. That’s still slightly below the recommended 2 times, but it’s not bad. Still, if profits don’t improve soon, a dividend cut is certainly on the cards.

It recently refinanced its credit facility and launched a new organisational structure, which is a good start.

But the stock is already down 62% this year, so without strong evidence of a recovery, I’d be wary of investing too much here. Still, for those with a high appetite for risk, it could present an attractive income opportunity worthy of further research.

Impax Asset Management

At 188p per share, Impax Asset Management (LSE: IPX) isn’t the cheapest on the market. But with a forward P/E ratio of 8.17, it’s cheap compared to projected earnings. As the name suggests, the company is an asset management company operating across Europe, America and Australia.

Before 2023, its revenue and earnings were steadily increasing, but lately, they’ve suffered mild losses. Encouragingly, it has an attractive 14.7% yield and relatively decent dividend coverage. Its payout ratio is only just above 100% and cash coverage is 1.2 times. That’s not great, but sufficient to avoid the threat of an immediate cut.

So with a share price that’s down almost 70% in the past five years, what’s the chance of a recovery?

With results coming out next Wednesday (26 November), we’ll get a better idea of how well its turnaround strategy is going. Until then, I’d hold off on making any decisions as an earnings dip could lead to a dividend cut.

Final thoughts

High yields always present an attractive risk vs reward opportunity. But investors shouldn’t be misled by the high potential returns. Rarely do stocks maintain 10%+ yields for long.

A crashing price and a sudden dividend cut could wipe out recent gains. While the above shares may be worth considering for yield hunters, long-term sustainability is the real goal when targeting dividend income.



This story originally appeared on Motley Fool

The 10 Most Valuable Cars Sold at Auction in 2025

0


Every year, the world’s most discerning collectors gather in Paris, Monaco, Pebble Beach, and beyond — not just to buy cars, but to claim rolling pieces of history. 2025 has already delivered a string of record-breaking auction moments, underscoring that provenance, rarity, and mythology remain the ultimate currencies in the collector market. From 1950s icons to Schumacher-driven Formula 1 legends, here are the ten sales that defined this year’s auction calendar.

1954 Mercedes-Benz W196R “Stromlinienwagen”. Photo courtesy of RM Sotheby’s

1954 Mercedes-Benz W196R “Stromlinienwagen”

Unveiled in Stuttgart and campaigned by Juan Manuel Fangio, this streamliner is motorsport royalty. Its sculpted form and race-winning heritage make it the most valuable Grand Prix car ever sold at auction.

1964 Ferrari 250 LM (Le Mans winner)1964 Ferrari 250 LM (Le Mans winner)
1964 Ferrari 250 LM (Le Mans winner). Photo courtesy of RM Sotheby’s

1964 Ferrari 250 LM (Le Mans winner)

Ferrari’s first mid-engined Le Mans winner, hammered in Paris, proved once again that competition pedigree is priceless. Its NART history secured its place as the sixth-most expensive car ever sold at auction.

2025 Ferrari Daytona SP3 “Tailor Made” (Charity Lot)2025 Ferrari Daytona SP3 “Tailor Made” (Charity Lot)
2025 Ferrari Daytona SP3 “Tailor Made” (Charity Lot). Photo courtesy of RM Sotheby’s

2025 Ferrari Daytona SP3 “Tailor Made” (Charity Lot)

A one-off masterpiece commissioned by Maranello’s Tailor Made program, this car was sold in Monterey to benefit the Ferrari Foundation. A modern collectible, built to honor the marque’s endurance legacy.

1961 Ferrari 250 GT SWB California Spider Competizione 1961 Ferrari 250 GT SWB California Spider Competizione 
1961 Ferrari 250 GT SWB California Spider Competizione . Photo courtesy of Gooding Christie’s

1961 Ferrari 250 GT SWB California Spider Competizione

The California Spider has always been a blue-chip Ferrari, but this Competizione-spec car set a new model benchmark. Rare, glamorous, and race-bred, it captivated Pebble Beach bidders.

2001 Ferrari F2001 (Michael Schumacher) 2001 Ferrari F2001 (Michael Schumacher) 
2001 Ferrari F2001 (Michael Schumacher). Photo courtesy of RM Sotheby’s

2001 Ferrari F2001 (Michael Schumacher)

Driven by Schumacher in his prime, this Monaco-winning Formula 1 car shattered records in Monte Carlo. Few artifacts capture the dominance of early-2000s Ferrari like this.

1966 Ford GT40 Mk II (P/1032)1966 Ford GT40 Mk II (P/1032)
1966 Ford GT40 Mk II (P/1032). Photo courtesy of RM Sotheby’s

1966 Ford GT40 Mk II (P/1032)

The GT40 that carried Ford’s endurance ambitions to Le Mans glory remains one of the most coveted American race cars. Auctioned in Miami, it set a new high watermark for any Ford ever sold.

1993 Ferrari F40 LM. Photo courtesy Michelotto - RM Sothebys1993 Ferrari F40 LM. Photo courtesy Michelotto - RM Sothebys
1993 Ferrari F40 LM. Photo courtesy Michelotto – RM Sotheby’s

1993 Ferrari F40 LM by Michelotto

Competition-spec, one of just 19, this scarlet LM proved that even late-20th-century Ferraris now command stratospheric prices. Its Monterey sale crowned it the ultimate F40.

1955 Ferrari 375 MM Berlinetta1955 Ferrari 375 MM Berlinetta
1955 Ferrari 375 MM Berlinetta. Courtesy of Gooding Christie’s

1955 Ferrari 375 MM Berlinetta

A jewel from the Fred Leydorf Collection, this 1950s Berlinetta represented mid-century racing elegance and was a star of Amelia Island’s auctions.

1959 Ferrari 250 GT LWB California Spider Competizione1959 Ferrari 250 GT LWB California Spider Competizione
1959 Ferrari 250 GT LWB California Spider Competizione. Courtesy of RM Sothebys

1959 Ferrari 250 GT LWB California Spider Competizione

Another Amelia Island headliner, this NART-entered Le Mans veteran embodies the golden era of Ferrari’s racing road cars.

1995 Ferrari F50 (ex-Ralph Lauren) – $9.2 million1995 Ferrari F50 (ex-Ralph Lauren) – $9.2 million
1995 Ferrari F50 (ex-Ralph Lauren). Courtesy of RM Sotheby’s

1995 Ferrari F50 (ex-Ralph Lauren)

One of the rarest analog hypercars, and ex-Ralph Lauren, this Giallo Modena example set a world record for the model in Monterey — signaling that the ’90s are now prime collecting territory.

Closing Reflection

If 2025 has shown us anything, it’s that the market prizes more than horsepower. It rewards provenance, narrative, and cultural resonance. Whether it’s a 1950s streamliner or a Schumacher Formula 1 car, these machines are no longer just cars — they are passports into history, symbols of victory, and statements of enduring taste. For the collectors who raised their paddles, each acquisition is both an investment and a legacy.



This story originally appeared on Upscalelivingmag

Blake Moynes Exposes Shocking Reality Of Thailand’s Wildlife Tourism Industry

0


Instagram/@blakemoynes

Blake Moynes through his European type invasive investigation has unveiled the negative aspect of wildlife tourism in Thailand which not only revealed the animal exploitation but also the gradual indoctrination of school kids at these places. The trip of the former Bachelor was chronicled to places called wildlife sanctuaries where he came across the very dark truth of tigers in small cages, elephants tied up, and hundreds of kids being told that animal suffering is nothing but fun.

Advertisement

Moynes spoke of his feeling through the medium of the power packed video message that was full of the sorrow of the scenes he witnessed. ‘I disguised myself as a tourist and went to Thailand and what I uncovered was alarming,’ said Moynes in the video. ‘Our objective was to film the very barbaric treatment of wildlife through tourism in the worst form. Such as, tigers in cages meant for the size of kittens, elephants being chained – and yes, I was sure it was going to be ugly.’

Not only the animals’ conditions but also the presence of a great number of children at these places were the shocking aspects for him. ‘What I did not anticipate were bus loads of kids, four-year-olds with tiny little backpacks bouncing around, and teens on school trips,’ he stated. ‘Hundreds and hundreds of kids walking through these wildlife traps.’ The video clips show little students applauding at the circus-like performances with the animals, which for Moynes, is nothing less than turning ‘pure suffering’ into an acceptable form of entertainment.

The activist has raised a serious alarm over the wrong message being sent to the future generations. ‘We are actually grooming the next generation to think that these creatures are there just to be hugged, chained, and fined for our enjoyment,’ stated Moynes. ‘We are normalizing this treatment for them. These kids on school trips are the ones who are supposed to be the future protectors of our wildlife and environment. But we are actually showing them that this abuse is acceptable.’

Moynes’ followers immediately and profusely responded. One user said, ‘You are doing the work of god! A voice for the voiceless. Their karma on this earth is pure and beautiful, the humans, not so much!’ This sentiment was shared by many who, like Moynes, considered the hard topics often coupled with tourism limitations in the discussion.

Another participant told of his or her own tragic experience in similar places. ‘When I was a kid in Hong Kong I went on a school trip to mainland China and, as teenagers, we were taken to a tiger farm! It was terrifying and now that I think about it I would be very happy if my school or anyone else had designated that event as very unethical.’ This comment shows that the issue is prevalent all over Asia and sometimes school systems unwittingly help in normalizing animal cruelty.

The discussion very rapidly shifted to solutions and alternatives. One follower offered, ‘They rely on the tourist dollar. If we all ceased and desisted from buying tickets and instead put our dollars into conservation, the difference would be enormous.’ This practical approach suggests that shifts in consumer behavior could result in a significant change in how wildlife tourism operates.

Several commentators reaffirmed that there are already ethical options in Thailand. ‘Wildlife Friends Foundation Thailand is one of the few places that actually rescue abused animals, run a huge elephant hospital, and give lifelong care to those that cannot be sent back to the wild,’ one teacher told the group. This organization epitomizes the kind of responsible wildlife tourism where animal welfare comes before entertainment.

Responses to the post often indicated the emotional drain of being exposed to such conditions. ‘Ugh it would be too hard to watch. All done in the name of research but I can’t take it,’ one user wrote, who later on disclosed his/her personal rule: ‘Now that it is completely my choice, I will not participate – and my kids know that they will not either. We only pay to see people as the entertained. The way it should be.’

Moynes himself acknowledged the complexity of the issue and during his video he said, ‘This is a complicated controversial matter and I will go deeper into my opinion next time. But I am wondering, where do we draw the limit?’ His query evoked a lot of talk among the users with views ranging from total ban on animal tourism to tougher regulations and better education.

The debate extended to other countries, an American user commented, ‘This makes me very upset. And it’s more widespread than people imagine and it does not only happen abroad. It occurs in the USA too.’ Such a broad perspective serves as a reminder that animal welfare issues in tourism are not exclusively related to distant countries.

Advertisement

Moynes concluded his strong message by addressing the custodians and educators directly: ‘If you are a mother, big sister/brother, nanny, teacher, uncle, grandparent… What are we teaching our next generation?!’ His research is a crucial wake-up call and reveals his simple secret to an extraordinary life of advocacy. His dedication to conservation is further highlighted by the upcoming Botswana conservation trip he is hosting.




This story originally appeared on Celebrityinsider

One California city’s idea to tackle the housing crisis: Take the stairs

0


In late September, Culver City became the first municipality in California to legalize the construction of mid-rise apartment buildings with a single staircase.

Unless you’re a member of the niche, but fervent subculture of architects, urbanists and pro-housing advocates who clamor for “single stair reform,” this might not sound like big news. But supporters say it could be the key to unleashing the kind of urban apartment building boom that years of pro-development legislation in Sacramento have tried, and so far failed, to deliver.

Culver City apartments up to six stories tall can now be built around a single stairwell. Conditions apply: These buildings have to be on the small side — each floor maxes out at 4,000 square feet with no more than four units. They’ll also have to abide by an array of added fire-prevention measures.

That’s a break from the standard minimum of two staircases — connected by a corridor — required of buildings taller than three stories in nearly every other city in the country.

For champions of more housing development, ditching the extra staircase has become a surprisingly buzzy and enduring cause. They say it can turbocharge urban housing construction at a modest and more affordable scale while also promoting apartments that are bigger, airier and better lighted.

For more than a decade in California, pro-development activists have railed against zoning, the local patchwork of restrictions on what can get built where. Those efforts are beginning to bear fruit: Earlier this year, Gov. Gavin Newsom signed a series of housing bills aimed at clearing legal impediments to apartment construction. The campaign for changes to the building code, the rules that specify in mind-numbing detail exactly how buildings must be constructed, appears to be the next chapter of this fight.

Single stair, and the fate of Culver City’s ordinance specifically, represents an early California acid test.

“This is bigger than a staircase,” said Bubba Fish, the Culver City councilmember who introduced the single-stair ordinance. “The vast majority of the world builds apartments this way. We are an outlier. It touches on the housing crisis, the affordability crisis.”

It also runs up against more than a century of American conventional wisdom about fire safety. Multiple staircases in mid-rise apartments are meant to give occupants multiple means of escape. Though rare outside of North America, the “two ways out” rule for mid-rises has been a mainstay of fire protection policy in this country and in Canada for the last century.

There are a handful of exceptions: New York City, Seattle, Honolulu and, most recently, Portland, Ore., allow single-stair buildings up to six stories. Georgia, Vermont and Puerto Rico permit them up to four.

Culver City to be test case

Culver City is the first in California to join this small club. But the Los Angeles County burg is also likely to be the last — for now. This summer, state lawmakers passed a bill to freeze local building code changes in place for the next six years. The city passed its ordinance before the freeze went into effect, but others exploring the change, including San Jose and San Francisco, didn’t make the cut.

That gives Culver City the next half decade to show the rest of the state just how much difference a single staircase actually makes.

Fish, the 34-year-old councilmember, happens to be a renter in a block-spanning “luxury” apartment complex: “One of those fortresses that everyone makes fun of.”

Retail and a massive parking lot on the bottom. Three floors of supersized-Lego-looking residential on top. Inside, the apartments are mostly studios and one-bedrooms, long and dimly lighted by windows confined to one side. On the other is a wide corridor that runs the length of the building with all the charm and utility of a hotel hallway.

Fish spends an inordinate amount of time thinking about that hallway. Sometimes he uses it as a place to play fetch with his new dog , but mostly he sees it as a blown opportunity.

“All of that space,” Fish marvels. “All of that could be homes.”

Reclaiming space

Seven percent more. That’s how much floor space is dedicated to additional staircases and the various corridors that connect them in the average American apartment building, according to a first-of-its-kind study on the safety record of single-stair buildings issued by the Pew Charitable Trusts earlier this year.

Reclaiming all that space is the first selling point for single-stair advocates: Less real estate for stairs means more units, bigger units, or a combination of both.

But it’s not just a numbers game. Single-stair apartment buildings are vibe enhancers, say supporters. Allowing architects to design apartment buildings that wrap around a central staircase makes it easier for them to include units with windows on multiple sides, meaning more light and more air.

Culver City’s cap of four units per floor also nudges design away from efficiency apartments toward roomier digs that might appeal to families.

Single-stair apartments may be alien in much of the United States, but “represent a building more like Brooklyn or Seville or Berlin or Paris,” said Ed Mendoza, a building code policy researcher at California YIMBY. “The buildings that single-stair promotes are just more — what’s the word? Nicer. They’re nicer.”

More design flexibility

But the biggest perk of this design, according to proponents, is that it allows apartment buildings to go up on small plots of land otherwise too cramped for the modern American apartment block.

Seattle, like most big cities, is full of lots that are “not big enough to allow a larger scale project that would require two stairs and an elevator,” said Andrew Van Leeuwen, an architect with the Seattle-based Build LLC.

In most cities, these parcels would be the sole domain of single-family homes interrupted by the occasional duplex. But Seattle has had a single-stair allowance on the books since the late 1970s. As a result, “all these funky little lots in the city of Seattle are eligible for nice little boutique apartment buildings,” said Van Leeuwen.

In New York City, which has allowed modest single-stair buildings up to six stories for its entire history, such buildings are commonplace.

Promoting more nice little apartments is especially relevant to California this year. In September, Newsom signed one of the year’s most contentious housing measures, Senate Bill 79, allowing for much denser and higher residential development close to many public transit stops in major metro areas. The goal: Packing more apartments into California’s major cities where reasonably affordable housing has long been in catastrophically short supply.

As in Seattle, plots in these neighborhoods tend to be on the small side. Under the current two-stair requirement, a California apartment developer hoping to take advantage of the new state law and build a six-story building near a train station would need to either purchase a massive lot nearby (an expensive and rare find) or successfully convince a row of neighbors to sell their properties at the same time (also expensive, even rarer).

Zoning and single-stair reform are “two great tastes that taste great together,” said Stephen Smith, founder of the Center for Building in North America and lead author of the Pew study.

Fire officials generally oppose the design

Whenever a local or state government considers this particular change to the code, fire marshals, fire chiefs and firefighter unions regularly rise up to oppose it. The logic of their argument is intuitive enough: In the event of a fire, the more ways out the better.

Rules requiring multiple internal staircases were born of tragedies. “Great” fires engulfed cities like Chicago, Seattle, and San Francisco in the 19th and 20th centuries. The Triangle Shirtwaist Factory fire killed 146 workers trapped at the top of a 10-story building.

The newly sanctioned apartments in Culver City are modeled on Seattle’s ordinance with fire prevention in mind: The unit count is capped, minimizing the chances of overcrowding in the stairwell. The sole stairway itself must either be pressurized to keep out the smoke or open air. The entire building must be outfitted with the highest class of automatic sprinkler systems. That’s all on top of the strict fire-prevention standards already required of mid-rise apartment buildings: alarm systems, fire-rated walls around stairwells, doors that are set to close automatically.

But no fire prevention system — nor a complex of systems — is perfect.

“What if something happens and that one stairwell is blocked?” said Sean DeCrane with the International Assn. of Fire Fighters union. And while sprinkler systems and alarms are effective, they have to be maintained. “We can’t just design a building for Day One of opening. We have to think about the life of the building, and I don’t think people are thinking about that as they approach this issue.”

What the data show

DeCrane’s concerns aren’t reflected in the available data. The Pew study pored over residential fire deaths across New York City in 2012-24 and found that the fatality rate in single-stair buildings was both low and equal to other residential structures. No deaths were obviously attributable to the lack of a second way out. The study likewise could find no deaths in Seattle over the same time period that could be blamed on a missing staircase.

Single-stair skeptics say New York City and Seattle, with their large, professional fire departments, are not representative of much of the rest of the country.

Exporting New York and Seattle’s building code to other municipalities is based on “the assumption that the fire department is going to be able to respond with sufficient resources,” said DeCrane.

Not that buildings allowed under the current code are entirely risk-free.

In a modern American apartment complex, the distance from any one unit to the nearest staircase might be 250 feet, said Travis Morgan, co-founder of the Livable Cities Initiative, which advocated for the Culver City policy. “Those corridors fill up with smoke, so now you’re having to do a fireman crawl along the floor for potentially hundreds of feet,” he said.

Debate over risks

Even if single-stair apartment buildings were found to be more dangerous — and they haven’t been yet — Smith said the debate over single stair reveals a more fundamental philosophical split over how much risk society is willing to take on and whether certain dangers are more tolerable than others.

“Fire and building officials are looking to drive down the rate of death in new buildings and that is actually pretty different from driving down the rate of death overall,” he said. “You could mandate that every room has a fire station in it, but then that will make the world much less safe because then you live in a world where no one can live in new apartment buildings” because they are so impractically expensive.

Instead, would-be tenants would turn to older apartment buildings, single-family homes or, in the most extreme cases, shelters and encampments. All are more vulnerable to fire danger than newly constructed mid-rises. With fewer apartments in urban cores, more renters would also likely live farther away, forcing them to commute, which comes with its own set of risks.

“What happens when you drive? You die. You die at really high risks on the road,” said Smith. “That’s a life and safety risk and it’s one that never gets accounted for in developing building codes.”

Even if you buy that argument, it makes for a tough sell.

Unlike prior housing policy battles, in which development boosters have warred with neighborhood groups and property owners over relatively anodyne concerns like parking, shadows and “neighborhood character,” pushing changes through the building code puts activists in the unenviable political position of disputing rules ostensibly written to keep people alive.

“It’s almost impossible to go up against firefighters,” said Mendoza with California YIMBY. “They are a highly beloved group.”

How Culver City voted

The elected officials in Culver City didn’t seem to have much trouble. The vote to pass the ordinance was unanimous.

Next came the review by the state’s Building Standards Commission. Under California law, building codes are imposed statewide. Locals are then free to amend them, so long as they are “more restrictive.” Rescinding a required staircase would seem, on its face, to be less restrictive, though supporters of the ordinance argued that the additional safety requirements demanded of single-stair buildings make it more so — or, at least, a wash.

Ultimately, the commission accepted Culver City’s code change. But it left things on an ambiguous note, warning in a letter to city staff that the ordinance “may contain a local amendment that is less restrictive” than the state code and therefore conflicts with state law.

Translation: The state won’t be the final judge of whether the code is or isn’t illegal. If Culver City wants to permit these types of buildings, it can go ahead at its own risk.

In the past, local governments have attempted to promote their own stricter rules over the state’s clerical objections only to have developers take them to court. But this is a more unusual case of a local government changing the code not to ratchet up safety measures or energy efficiency requirements, but in order to lower costs and promote development.

If anyone opts to challenge Culver City’s novel approach, it’s not likely to be a developer.

That leaves Culver City’s ordinance in effect for now. Though the moratorium remains in effect, more changes to the prevailing legislative thinking on staircases could be coming soon. A 2023 state law directed the state fire marshal to study the state’s single-stair rules. That report is due in January.

Christopher writes for CalMatters.



This story originally appeared on LA Times

2 of the UK’s top growth stocks reported this week — and investors reacted quickly

0


Image source: Getty Images

Halma (LSE:HLMA) and Diploma (LSE:DPLM) have been two of the UK’s top-performing stocks over the last five years. And both of them reported earnings this week. 

Both companies have similar business models – decentralised structures that support organic growth with acquisitions. But one in particular blew investors away with its recent results.

Diploma: a strong year

Diploma’s a collection of industrial distribution businesses. And the firm’s results for the 12 months leading up to 30 September were strong. 

Revenues were up 12% with the majority of this coming from existing operations. This is something investors tend to view positively, due to the inherent risks with acquisitions.

Organic revenue growth of 11% was significantly higher than the 6% the company achieved in the previous year. But Diploma’s forward guidance is for 6% again in 2026. 

Based on the firm’s adjusted earnings per share, the stock currently trades at a price-to-earnings (P/E) ratio of 30. That might seem like a lot for 6% organic revenue growth. 

The company expects to boost this via acquisitions, but there’s always a danger of overpaying. It’s worth noting though, that the current management has an excellent record so far.

Some of its recent big deals – Windy City Wire and Peerless Fasteners – have been performing very well. So I think investors have a lot of reasons for optimism.

Halma: beats and raises

Halma has a similar structure, but the company’s made up of technology businesses focused on safety. And the firm was reporting its results for the six months leading up to 30 September.

Organic revenue growth came in at 16.7%, which is extremely high. On top of this, adjusted earnings before income and taxes were up 22.8% compared to the previous year. 

Halma also raised its guidance for the full year. It expects growth to remain strong and this is a big part of why the stock was up 12.5% on Thursday (20 November) after the announcement.

The stock also trades at a high P/E ratio – around 35 based on the firm’s adjusted earnings per share figures. By itself, that’s not a problem, but it does mean expectations are high.

Halma flagged potential weakness in end markets and broader macroeconomic uncertainty as a risk. And the high valuation means this is something investors should take seriously.

The firm’s strategy involves buying businesses and helping them to grow. It’s been a good one in the past and the latest results suggest this is set to continue. 

Resilience

Neither Diploma nor Halma is a cheap stock. To an extent, this is justified by the companies continuing to generate strong growth even in difficult trading conditions.

It’s tempting to think that investors who want to own these shares have to look past the valuation and just go for it. But I think this would be a mistake. 

Even the best businesses go through difficult patches from time to time. And investors need to make sure they’re ready to seize opportunities when they present themselves.

For the time being, I’m keeping both stocks on my watchlist. But I’m aware that a chance to buy might show up when investors are least expecting it.



This story originally appeared on Motley Fool

Luka Doncic helps Lakers hold off Jazz for fourth win in a row

0


The Lakers won their fourth consecutive game Sunday, holding off the Utah Jazz 108-106 in Delta Center behind 33 points, 11 rebounds and eight assists from Luka Doncic.

The Lakers (12-4) nearly squandered a 10-point lead in the final six minutes and 36 seconds, allowing the Jazz to cut the lead to one with 41.3 seconds remaining on a three-pointer from Lauri Markkanen. The Utah crowd that had been cheering loudly for the Lakers finally erupted for the home team when the Finnish forward knocked down the shot.

Markkanen could have given the Jazz (5-11) the lead with a 17-foot shot in the key, but the midrange jumper rattled out with 11.4 seconds to go. After Doncic split a pair of free throws, the Lakers forced Jazz guard Keyonte George into a contested three at the buzzer to seal the win.

LeBron James, playing in his second game of the year, had 17 points and eight assists. Austin Reaves had 22 points, 10 rebounds and four assists.

Starting center Deandre Ayton missed the second half because of a right leg contusion. He had just two points on one-for-two shooting in the first half while Doncic still powered the Lakers to a seven-point lead.

The guard continued to struggle with his three-point shot, missing seven of his first eight shots from beyond the arc Sunday, but again dazzled with his playmaking. He intercepted a pass, bounced the ball between Kevin Love’s legs while running the fastbreak and scooped up a lob pass to Jaxson Hayes. The roar from the pro-Lakers road crowd was just as loud as anything the Jazz did.

When Doncic attracted a triple team in the paint, he fired a two-handed, no-look pass backward over his head to Marcus Smart, who knocked down a three that put the Lakers up 55-49.

The Lakers entered the game shooting 33.8% from three, ranked 24th in the league. Doncic and Reaves, the team’s highest-volume shooters, have struggled the most. Reaves was one for eight from three on Sunday. Doncic was three for 12, including shots so off course that they barely grazed the rim.

When he finally got a shot to trickle over the rim in the third quarter, Doncic held both arms out in disbelief and relief as the ball bounced up high and then through the net.



This story originally appeared on LA Times

Prostrate cancer’s top 6 signs you can check | UK | News

0


Former Prime Minister David Cameron has made an impassioned plea for men to get checked for prostate cancer after bravely revealing he was diagnosed with the disease himself last year.

Lord Cameron, 59, discovered he had prostate cancer after his wife Samantha convinced him to get potentially life-saving blood tests. This decision came after the couple listened to an eye-opening interview together with Soho House founder Nick Jones about his own diagnosis battle, The Sun reports.

Now cancer-free following treatment, the former Conservative Party leader is using his platform to raise awareness about this critical men’s health issue.

Prostate cancer surges to become most common tumour in England

In a troubling development, prostate cancer has surged to become the most prevalent type of tumour in England. Alarming NHS figures show that 55,033 men were diagnosed with prostate cancer in 2023, compared to 47,526 women diagnosed with breast cancer, which is now the second most common cancer.

This surge in prostate cancer diagnoses has occurred in the wake of the Covid pandemic, highlighting the importance of regular check-ups and early detection.

Despite these concerning statistics, the NHS does not currently offer blanket screening for prostate cancer – a policy that Lord Cameron believes needs to change in order to save lives.

Under the current system, men who show symptoms of prostate cancer will usually be asked to take a PSA blood test to check for the disease. However, this test is not routinely offered to asymptomatic men.

Those aged 50 or over can request the PSA test from their doctors even in the absence of symptoms, but many men may be unaware of this option or hesitant to ask.

Catching prostate cancer early is crucial

Detecting prostate cancer in its early stages is absolutely vital, as it greatly improves treatment outcomes and chances of survival. This is why it’s essential for men to be aware of the potential warning signs and risk factors for the disease.

The likelihood of developing prostate cancer increases significantly from the age of 50 onwards, putting middle-aged and older men at particular risk.

Shockingly, black men face double the risk compared to other demographics, and are therefore advised to start getting checked from the relatively young age of 45.

Family history also plays a major role, with the threat level doubling for men whose father or brother has previously battled prostate cancer.

Know the key symptoms to watch out for

As prostate cancer grows, it may start to put pressure on the urethra – the tube through which urine passes. This pressure can cause a range of troubling urinary symptoms that men should be aware of, including:

  • Needing to urinate more often, especially at night
  • Needing to rush to the toilet
  • Difficulty in starting to pee
  • Weak flow
  • Straining and taking a long time while peeing
  • Feeling that your bladder hasn’t emptied fully

If the cancer spreads to other parts of the body, known as advanced or metastatic prostate cancer, it can cause additional concerning symptoms such as persistent back pain, bone pain that doesn’t improve with rest, unexplained tiredness, and losing weight for no apparent reason.

Speak to your GP about getting tested

Men who are worried about their prostate cancer risk or experiencing potential symptoms should not hesitate to discuss their concerns with their GP.

They may be offered a PSA blood test, which measures the level of prostate specific antigen. This test can help detect issues like an enlarged prostate, prostatitis, and prostate cancer.

While PSA tests aren’t routinely offered by the NHS to men without symptoms, all men aged 50 and over have the right to request one from their doctor if they wish to get checked.

If a doctor suspects a patient may have prostate cancer based on their symptoms, they are likely to offer the PSA test as part of the diagnostic process.

Lifestyle factors may influence prostate cancer risk

Although the exact causes of prostate cancer remain a mystery, recent scientific research has uncovered evidence that obesity may increase the risk of developing the disease, while engaging in regular physical exercise appears to have a protective effect.

“There is strong evidence that being overweight increases the risk of being diagnosed with advanced prostate cancer,” states Prostate Cancer UK. “Keeping active and eating a healthy diet can help you stay a healthy weight, and can improve your health in other ways too.”

While certain prostate cancer risk factors like age, ethnicity, and family history are impossible to change, men do have the power to take control of their lifestyle.

For those who would like support in making healthy lifestyle changes, Prostate Cancer UK advises speaking to your GP or practice nurse to find out about local services that can help.

Check your BMI and waist size to assess health risks

Body Mass Index, or BMI, is a widely used measure to determine whether an individual’s weight falls within a healthy range. For the majority of adults, a BMI between 18.5 and 24.9 is considered healthy. A BMI of 25 or above indicates that a person is likely to be overweight or obese, increasing their risk of various health issues.

The NHS provides a useful online tool that men can use to easily calculate their BMI and assess whether their weight is at a healthy level.

Prostate Cancer UK also recommends measuring waist size as another way to check if you are a healthy weight, explaining: “Carrying fat around your stomach can raise your risk of heart disease, diabetes and other health problems.”

Men can measure their waist by wrapping a tape measure around their stomach, positioning it halfway between the top of the hips and the bottom of the ribs. Be sure to breathe out naturally while measuring for accuracy.

The charity advises that if a man’s waist measures 37 inches (94cm) or more, he faces a higher risk of health problems. At 40 inches (102cm) or above, the risk becomes very high and warrants a discussion with your GP about making healthy changes.

By raising awareness about prostate cancer risks, symptoms and testing options, Lord Cameron hopes that more men will be empowered to take control of their health and catch any issues early when treatment is most effective. His bravery in speaking publicly about his own diagnosis will undoubtedly save lives.



This story originally appeared on Express.co.uk

Ex-Brazil president Jair Bolsonaro says he tried to prize open ankle tag after ‘hallucinations’ | World News

0


Brazil’s former president Jair Bolsonaro has said “hallucinations” and a nervous breakdown led to an attempt to tamper with his electronic ankle tag.

The 70-year-old was placed under house arrest in early August, weeks before he was convicted for leading a coup attempt after losing his country’s 2022 election.

It was reported on Saturday that Bolsonaro had tried to open his ankle monitor with a soldering iron in an apparent bid to flee and avoid jail.

In a Supreme Court document published on Sunday, assistant judge Luciana Sorrentino – who had met with Bolsonaro online – wrote that the former president “said he had ‘hallucinations’ that there was some wiretap in the ankle monitoring, so he tried to uncover it”.

The document also said Bolsonaro reported feeling “a certain paranoia” that sparked his curiosity in opening the monitoring device.

Image:
A still from a video which Brazilian officials say shows damage to the tag. Pic: Reuters

It added that the former president said he “did not remember having a breakdown of this magnitude in another occasion” and speculated that it may have been caused by a recent change in his medication.

He has denied that it was an attempt to escape.

“[Bolsonaro] said he was with his daughter, his elder brother and an aide at his house and none of them saw what he was doing to the ankle monitoring,” the document reads. “He said he started to touch it late at night and stopped around midnight.”

Brazil's ex-first lady, Michelle Bolsonaro, visited her husband at the police headquarters on Sunday. Pic: PA
Image:
Brazil’s ex-first lady, Michelle Bolsonaro, visited her husband at the police headquarters on Sunday. Pic: PA

Bolsonaro had been expected to begin serving his 27-year jail sentence some time next week.

The Supreme Court received information that the far-right leader’s tag was violated at 12.08am on Saturday. It ordered for Bolsonaro to be detained hours later, deeming him a flight risk.

He is now being held at the federal police headquarters in Brasilia, where he was visited by his wife on Sunday morning.

Bolsonaro’s meeting with the assistant judge on Sunday was procedural but also gave his lawyers another chance to argue he should remain under house arrest due to ill health.

Similar requests have previously been rejected.



This story originally appeared on Skynews