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2025-01-11   

kijiji kelowna Middle East latest: Syria's forces withdraw from Homs, a key link between the capital and coastLocal business receives government boostJapanese government officials expressed concerns Saturday that the ongoing political turmoil in South Korea may derail improving relations between the two countries. The administration of South Korean President Yoon Suk Yeol could be a "lame duck," a Japanese Foreign Ministry source said, even though Yoon survived an impeachment motion over his short-lived declaration of martial law that triggered condemnation from lawmakers and the public. The motion was scrapped due to a lack of the required number of voters in parliament. "We may go back to the days where bilateral relations worsened," the source said. Prime Minister Shigeru Ishiba is planning to visit South Korea in January, but at present that trip is doubt, Japanese sources said. Yoon, who took office in 2022, has led efforts to improve relations with Japan including agreeing on a solution regarding compensation demands from South Koreans over wartime labor during Japan's 1910-1945 colonial rule of the Korean Peninsula. The Japanese government is concerned that growing criticism of Yoon within South Korea may trigger a strong backlash against policies the president has taken. Another government source expressed hope that "Japan-South Korea relations will not become part of the contentions between the ruling and opposition parties" in South Korea. A separate government source was wary over the impact of the situation in South Korea on the three-way coordination between Japan, South Korea and the United States in confronting North Korea's nuclear and missiles development. With South Korea experiencing political upheavals, "there is a possibility that previous agreements (between the three countries) may be overturned. For now we just need to watch cautiously," the source said.

North Dakota regulators OK underground storage for proposed Midwest carbon dioxide pipelineAustralia’s sharemarket is likely to open lower after a sell-off in the world’s largest technology companies hit US stocks in the final stretch of a stellar year. Futures are pointing to a drop of 0.35 per cent, or 29 points, on Monday morning across the local bourse, to 8228, as traders take stock of a pullback in the US last week. Nasdaq, one of the “Magnificent Seven” companies, bore the brunt of last week’s selling. Credit: Bloomberg In the US, during a session of slim trading volume – which tends to amplify moves – the S&P 500 lost 1.1 per cent and the Nasdaq 100 slipped 1.4 per cent. While every major industry succumbed to Friday’s slide, tech megacaps bore the brunt of the selling. That’s after a torrid surge in which the group of companies dubbed the “Magnificent Seven” accounted for more than half of the US equity benchmark’s gains in 2024. “I think Santa has already come. Have you seen the performance this year?” said Kenny Polcari from financial advising firm SlateStone Wealth. “[This] week is another holiday-shortened week, volumes will be light, moves will be exaggerated. Don’t make any major investing decisions this week.” Steve Sosnick, from Interactive Brokers said while the market was in holiday season, he had fielded more inquiries than expected. Loading “The best I can figure out is that there are large accounts, pension funds and the like, who need to rebalance their holdings before year-end,” he said. The S&P 500 and the Nasdaq 100 trimmed last week’s gains. The Dow Jones Industrial Average slipped 0.8 per cent on Friday. A gauge of the “Magnificent Seven” sank 2 per cent, led by losses in Tesla and Nvidia. The Russell 2000 index of small caps dropped 1.6 per cent. The yield on 10-year Treasuries rose 4 basis points to 4.62 per cent. The Bloomberg Dollar Spot Index wavered.Investor excitement for artificial intelligence (AI) might be overhyped today. The stock market can at times seem like a manic-depressive being, exaggerating any positive or negative developments with rapid share price swings. With AI stocks like Nvidia soaring tenfold in just a few years, it is possible these stocks will head into a correction, given that they are priced for perfection at the moment. This doesn't change the fact that the generative AI sector is still in the early innings of growth. Some analysts estimate that spending on generative AI alone will reach $356 billion in 2030, growing at a 46% annual rate over the next six years, making it one of the fastest-growing sectors in the world. That would be up from an estimated $36 billion this year. With its premium valuation, a company such as Nvidia already has a lot of this growth priced into its stock. However, there is one reasonably priced AI stock hiding in plain sight: Alphabet ( GOOGL -1.71% ) ( GOOG -1.58% ) . Here's why the technology giant will benefit from surging demand for generative AI through 2030. Alphabet's AI comeback OpenAI struck fear into Alphabet investors back in late 2022. With the rapid growth of ChatGPT and its advanced conversational AI tools, investors worried that Alphabet -- parent company of Google Search -- had fallen behind in AI. This led its stock to fall to a price-to-earnings ratio (P/E) of close to 15 in early 2023, its cheapest earnings ratio in a decade. In the last two years, Alphabet has proven these doubters wrong. The stock has posted a 90% total return since these 2023 lows. Through its various subsidiaries and research labs, Alphabet has copied or bested every single one of OpenAI's innovations and has come up with some new AI products of its own. There is NotebookLM, a document summary tool that can speak audibly or provide written summaries on complex topics. There are also the new Google Search AI summaries, which are helping improve the customer value proposition of the most-used product on the planet. Let's not forget the new Google Lens feature, which allows people to search by taking a picture instead of the traditional text query. The list could go on. Alphabet is winning outside of generative AI, too. Its self-driving start-up, Waymo, has expanded to multiple cities across the United States and now does 100,000 weekly rides, growing tenfold year over year. This is an underrated part of Alphabet's business that is only enabled by its leadership in AI. Betting on cloud revenue growth Alphabet has proven in the last few years that it is not a lagging tech company in AI. In fact, you might be able to argue that the company is the definitive winner so far in this new generative AI space. But how will the company monetize all these new tools? One way is through Google Cloud, Alphabet's most promising subsidiary at the moment. The cloud computing giant takes all of Alphabet's innovations in AI, computer chips, and data centers and sells these tools to third parties. Last quarter, Google Cloud revenue grew 35% year over year to $11.4 billion. Over the long term, investors should expect this fantastic growth to continue if the analysts are correct about booming generative AI spending through 2030. At $100 billion in annual revenue and 25% profit margins -- a milestone Google Cloud should reach within a few years -- the segment will be generating $25 billion in operating earnings for the parent company. That is a sizable and growing chunk of its $105 billion in trailing consolidated operating earnings. GOOG PE Ratio data by YCharts Investors are still underrating the stock Even though Alphabet is proving its might in AI both with product innovation and its financial performance, the stock is still not performing in line with other technology peers. With a P/E of just 23, Alphabet has one of the cheapest earnings ratios across the AI and broader technology landscape. Nvidia has a P/E of 66. Apple -- which is growing much slower than Alphabet and has shown little ability to succeed with AI products -- is trading at a P/E of 37. Generative AI revenue is going to soar through the rest of this decade. The one company set to take the largest slice of this revenue is Alphabet because of its plethora of AI products and monetization tactics. You can buy the stock today at a P/E of 23, well below the S&P 500 index average of 30. That is a recipe for producing fantastic long-term returns for your portfolio.

Blackhawks fire head coach Luke Richardson after 8-16-2 start

RIO DE JANEIRO (AP) — Thousands of revelers gathered alongside Copacabana beach for Rio de Janeiro’s annual on Sunday, many scantily dressed and covered in glitter. Rainbow-colored flags, towels and fans abounded among the crowd mostly made up of young people who danced and sang along to music blaring from speakers. While the atmosphere was festive, some spoke of the threat of violence LGBTQ+ people face in Brazil. “As the sister of a trans woman, I’m scared to death,” said Helen Karajá, a 32-year-old bisexual artist. At least 230 LGBTQ+ Brazilians were victims of violent deaths in 2023, according to the umbrella watchdog group Observatory of LGBTI+ deaths and violence in Brazil. And last year than in any other country, according to Transgender Europe, a network of global non-profits that tracks the data. To be sure, life for gay people is safer now than it used to be, said Carlos da Cunha, a 71-year-old hairdresser. “In the past, people had to go to ghettos to meet people, because you couldn’t just be anywhere,” said da Cunha. “Now, we can walk down the street without being attacked, without being insulted or humiliated.” One of the themes of this year’s pride march was sustainability. “Environmental justice will only be possible with racial and social justice, gender equality and sexual diversity” read one banner attached to a truck. Brazil has faced a series of environmental catastrophes this year, including , state, and across the country. “If we can’t respect the environment, how can we respect others?” said Alexia Soutinho, a 23-year-old student who identifies as pansexual and lives in the . Eléonore Hughes, The Associated PressISLETON, Calif.--(BUSINESS WIRE)--Dec 12, 2024-- unWired Broadband , a leading high-speed Internet provider in California, officially cut the ribbon on their new tower in Isleton, CA on Wednesday. This new tower is equipped with state-of-the-art fixed wireless technology from Tarana Wireless that offers up to Gig speeds. The event marked a new era of connectivity in a city that has been severely underserved by Internet service providers. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241212022357/en/ The unWired Broadband team at their new tower site in Isleton, CA. (Photo: Business Wire) The ribbon cutting ceremony on December 11 was attended by executives from unWired Broadband and Tarana Wireless. Officials from numerous organizations also attended including the City of Isleton, Sacramento County, Valley Vision, The Office of Congresswoman Doris Matsui, California Emerging Technology Fund, Delta Protection Commission and the California Public Utilities Commission. Several members of the Isleton community were also in attendance. At the reception, remarks were made by: Headquartered in Fresno, CA, unWired has been in the business of connecting underserved communities across Central and Northern California since 2003. Their product offerings include both fixed wireless and fiber technologies, ensuring they can engineer the right connectivity solution for the mission. To learn more, go to getunwired.com . About unWired Broadband unWired Broadband is the leading Internet provider for rural and underserved areas in Central and Northern California. Their network includes over 200 towers connecting communities that have been ignored by cable and fiber Internet providers. Since their inception in 2003, they have expanded their connectivity suite to also include redundancy solutions, a data center and most recently, fiber Internet. About Tarana Tarana’s mission is to accelerate the deployment of fast, affordable internet access around the world. Through a decade of R&D and over $400M of investment, the Tarana team has created a unique next generation fixed wireless access (ngFWA) technology instantiated in its first commercial platform, Gigabit 1 (G1). It delivers a game-changing advance in broadband economics in both mainstream and underserved markets, using either licensed or unlicensed spectrum. G1 started production in mid-2021 and has since been embraced by more than 250 service providers in 24 countries. Tarana is headquartered in Milpitas, California, with additional research and development in Pune, India. Learn more at www.taranawireless.com . View source version on businesswire.com : https://www.businesswire.com/news/home/20241212022357/en/ CONTACT: Cherish Stockdale hello@getunwired.com KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: TECHNOLOGY MOBILE/WIRELESS TELECOMMUNICATIONS INTERNET CARRIERS AND SERVICES HARDWARE SOURCE: unWired Broadband Copyright Business Wire 2024. PUB: 12/12/2024 05:13 PM/DISC: 12/12/2024 05:11 PM http://www.businesswire.com/news/home/20241212022357/en

The Search For A Successor to the US Army’s UH-60 Black Hawk Helicopter

The Jasper Recovery Coordination Centre is reporting that site servicing is nearing completion for future interim housing sites. Michal Fark, municipal director of recovery, told council on Tuesday (Dec. 3) that they have done as much servicing at the in-town sites as possible in absence of knowing what will actually be placed on the land. “Once we actually further clarify with the Government of Alberta on what will be procured and what will be placed where, then we will have to do some additional servicing and connection work with those structures,” Fark said. In October, the Alberta government committed $112 million toward interim housing for Jasper residents who lost their homes in the wildfire. The funding will go toward building 250 modular homes. Jason Nixon, minister of Seniors, Community and Social Services, confirmed in the legislature on Nov. 28 that they were on track to create 250 new homes just after Christmas. Coun. Scott Wilson asked Fark if the province would be able to make good on this promise. “There’s quite a bit of vagueness to the interim housing,” Wilson said. “We should be transparent with our community that we don’t really know what’s coming, and if our residents have any opportunity in finding accommodation elsewhere, I think they should be doing that.” Fark replied they were still in discussions with the province about what the built form would look like and the timeline of deployment, although 80 to 100 units were previously anticipated for January, with the rest coming later. “At this moment in time, I still see a pathway to 80 to 100 units being delivered sometime relatively early in the New Year, but it is a challenging pathway for sure, and the longer we go without certainty, the narrower that pathway becomes,” he said. Fark added they were meeting with federal and provincial partners later this week to further discuss the timeline for interim housing. Interim housing will be located at the northeast end of town and on the southern end of town along Connaught Drive. A site called 2B just south of Highway 16 was also slated for interim housing, but an impact assessment has determined this site was unviable. Fark said they were working with Parks Canada to identify other sites. Coun. Rico Damota noted there was some frustration in the community about the slow progress with interim housing and asked how many hectares were still available following the removal of site 2B. According to Fark, this resulted in a loss of 3.5 hectares of land, leaving just more than four hectares on the available sites within town. If the province opted for higher density, there could be up to 80 units per hectare. “We have strongly communicated with the Government of Alberta the need to achieve higher entities, and they are working with us, and we are having those ongoing conversations,” he said. Coun. Wendy Hall asked how residents could apply to get on the waitlist for interim housing. Fark replied they were still working with the province on a prioritization matrix that has not been finalized, and a housing application form was still on the municipality’s website. “We know that the demand will exceed what we’re going to be able to supply with the interim housing program,” he added. “Essentially, once we know how many units we are getting and how soon we can anticipate them, then we will go through the prioritization matrix, and that is what will be used to determine who has the first opportunity for the interim housing.”Andrej Stojakovic made 11 free throws to help craft a team-high 20 points, freshman Jeremiah Wilkinson had his second consecutive big game off the bench and Cal ran its winning streak to three with an 83-77 nonconference victory over Sacramento State on Sunday afternoon in Berkeley, Calif. Wilkinson finished with 16 points and Rytis Petraitis 13 for the Golden Bears (5-1), whose only loss this season was at Vanderbilt. Jacob Holt went for a season-high 25 points for the Hornets (1-4), who dropped their fourth straight after a season-opening win over Cal State Maritime. Seeking a fourth straight home win, Cal led by as many as 12 points in the first half and 40-33 at halftime before Sacramento State rallied. The Hornets used a 14-5 burst out of the gate following the intermission to grab a 47-45 lead. Julian Vaughns had a 3-pointer and three-point play in the run. But Cal dominated pretty much the rest of the game, taking the lead for good on a Petraitis 3-pointer with 14:50 remaining. Stojakovic, a transfer from rival Stanford, went 11-for-15 at the foul line en route to his third 20-point game of the young season. Cal outscored Sacramento State 26-17 on free throws to more than account for the margin of victory. Coming off a 23-point explosion in his first extended action of the season, Wilkinson hit five of his 10 shots Sunday. The Golden Bears outshot the Hornets 47.2 percent to 43.1 percent. Joshua Ola-Joseph contributed 10 points and six rebounds, Mady Sissoko also had 10 points and Petraitis found time for a team-high five assists. Holt complemented his 25 points with a game-high eight rebounds. He made four 3-pointers, as did Vaughns en route to 18 points, helping Sacramento State outscore Cal 30-21 from beyond the arc. EJ Neal added 16 points for the Hornets, while Emil Skytta tied for game-high assist honors with five to go with seven points. --Field Level Media

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Joe Biden, Donald Trump and More Pay Tribute to Jimmy Carter: “An Extraordinary Leader, Statesman and Humanitarian”

FBI Director Christopher Wray announced he will resign in advance of President-elect Donald Trump’s inauguration — meaning he will depart from the bureau about three years before his term ends. Wray’s decision, which was revealed on Dec. 11, came shortly after Trump nominated Kash Patel — a strong supporter of his — to lead the FBI. “In my view, this is the best way to avoid dragging the bureau deeper into the fray, while reinforcing the values and principles that are so important to how we do our work,” Wray, who was nominated by Trump in 2017, told his colleagues, according to The Associated Press. Trump celebrated the move, writing in a post on Truth Social that Wray’s resignation “is a great day for America as it will end the Weaponization of what has become known as the United States Department of Injustice.” Amid these developments, here is what to know about FBI directors and their tenureships. Who appoints the FBI director? During the early years of the FBI, the attorney general was charged with choosing the bureau’s director, who was not constrained by term limits . However, in 1968, Congress passed a law establishing that the president would appoint the director, who would require Senate confirmation. “By that point the FBI was considered important enough to warrant an executive appointment,” Douglas Charles, a history professor at Pennsylvania State University Greater Allegheny, who researches the FBI, told McClatchy News. “Before then, attorneys general hired and fired them.” How long is the FBI director’s term? In 1976, Congress passed a law permitting the FBI director to serve one 10-year term. The law “stemmed directly from the fact that J. Edgar Hoover was entrenched as director for 48 years,” Charles said. Hoover led the intelligence agency from 1924 to 1972 , during which time he amassed significant powers, he said. As a result, the law sought to prohibit anyone else from following in his footsteps. Hoover wasn’t the only impetus for the term limit, though. “This law came, as well, in the wake of Watergate where President Nixon tried to have his own man, his own lackey, L. Patrick Gray, become FBI director,” Charles said. So, the law “sought to isolate the FBI from White House political influence.” Do most directors stay on for 10 years? There have been 12 directors — including acting directors — since the 10-year term limit was established, and nearly all of them left office before their term ended, according to FBI records. For example, Clarence Kelley , who was nominated by Nixon, led the agency for about five years between 1973 and 1978. Similarly, Louis Freeh , who was nominated by President Bill Clinton, helmed the agency for about eight years between 1993 and 2001. The only director to stay on for a full term was Robert Mueller , who was in office for 12 years. President George W. Bush nominated Mueller to head the FBI in 2001, and in 2011, before his term ended, President Barack Obama asked Congress to pass legislation extending his term for two more years — which it did. “The United States faces ongoing threats from terrorists intent on attacking us both at home and abroad, and it is crucial that the FBI have sustained, strong leadership to confront that threat,” Attorney General Eric Holder said at the time. “There is no better person for that job than Bob Mueller.” More politics news → How does Senate confirmation process work? What to know as Trump makes Cabinet picks → Trump to return to White House after 4 years. Only one past president has done that → How did LGBT Americans vote in election? Exit poll finds significant shift from 2020 Have any FBI directors been fired? “Only two FBI directors were outright fired,” Charles said. The first was William Sessions, whom Clinton dismissed in 1993 after learning the director had been accused of misusing FBI resources. Specifically, he had been accused of using a government airplane for personal reasons, installing a fence around his house using government funds and failing to pay taxes on an FBI limousine, according to ABC News. Twenty-four years later, in 2017, Trump fired FBI Director James Comey amid a bureau investigation into whether Trump’s campaign had colluded with the Russian government. At the time, Trump said Comey’s ouster was required to bring back “public trust and confidence” in the FBI, according to The Associated Press. “There have been other FBI directors who resigned in the past after improprieties or scandals surfaced,” Charles said. “I call these Washington, D.C., ‘firings’ where they were quietly asked to resign or just stepped aside.” One of these was L. Patrick Gray, who became acting director following the death of Hoover in 1972. He resigned in 1973 after it was disclosed that he had destroyed incriminating White House documents related to the Watergate scandal , according to The Guardian. Gray’s successor, Kelley, also left office early following a scandal. Following the election in 1976, it was revealed that FBI carpenters did construction on his home, costing a total of $355, Charles said. “In the wake of Hoover and Watergate this was seen as a scandal,” he said. “By our standards today it is small potatoes.” President Jimmy Carter, who was inaugurated in 1977, ended up making a deal with Kelley, in which he would step down after one year, Charles said. Who do Americans trust for health information? Poll finds gap between FDA and RFK Jr. Most Americans approve of Trump transition phase, poll finds. What about past presidents? Can Donald Trump actually end birthright citizenship? Legal experts weigh inPride, bragging rights and more than $115M at stake when final college playoff rankings come out

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