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Sunday's inaugural 12-team College Football Playoff bracket reveal officially set the stage for the most anticipated postseason the sport has ever seen. Eight more spots in the playoff field have created two extra rounds to determine a national champion, which could come from the Big Ten, the Southeastern Conference or even the Mountain West! Now that the initial matchups are set, it's time to examine the FanDuel odds for the first-round games and, of course, the latest national championship odds. CFP Bracket: Odds for First-Round Games Oregon's win over Penn State in the Big Ten championship locked the Ducks into the No. 1 seed, while Georgia's overtime triumph over Texas for the SEC crown moved the Bulldogs up to No. 2. Boise State slotted in at No. 9 in the final CFP rankings but is the No. 3 seed thanks to its win over UNLV in the Mountain West championship. With SMU losing to Clemson in the Atlantic Coast Conference title game, No. 12-ranked Arizona State is the four seed after it throttled Iowa State to win the Big 12. The top four teams get a bye, with the 5-12 seeds meeting in the first round. 12-seed Clemson (+330) vs. 5-seed Texas (-11.5) Texas was favored to win the SEC and lock down a top-four seed, but Clemson was not expected to beat SMU for the ACC title. The Longhorns will therefore hunt redemption, while Dabo Swinney's team is essentially playing with house money. The winner will face Arizona State in the Peach Bowl. 9-seed Tennessee (+215) vs. 8-seed Ohio State (-7.5) The third-highest-ranked team from the SEC (No. 7 Tennessee) will face off with the third-highest-ranked squad from the Big Ten (No. 6 Ohio State). This game brings the Buckeyes a chance at redemption for their embarrassing loss to Michigan to end the regular season. The winner will travel to the Rose Bowl to play Oregon. 11-seed SMU (+240) vs. 6-seed Penn State (-7.5) Concerns over strength of schedule dog both teams. Both have 11-2 records and were runners-up in their respective conferences. Penn State's only win over a ranked opponent was against then-No. 19 Illinois in Week 4, while SMU has knocked off then-No. 22 Louisville and then-No. 18 Pittsburgh. The winner will meet Boise State in the Fiesta Bowl. 10-seed Indiana (+230) vs. 7-seed Notre Dame (-7.5) The Hoosiers may be the biggest surprise in college football this season, although their inclusion came with a few concerns over the strength of their schedule. After falling flat in a potential statement game against then-No. 2 Ohio State on Nov. 23, Indiana can prove its might against a Fighting Irish squad that won its last 10 games. The winner will take on Georgia in the Sugar Bowl. National Championship Odds and Picks Oregon was the betting favorite (odds via FanDuel) prior to the final rankings reveal at +230. Post-reveal, Texas and Georgia are co-favorites at +360, followed by Oregon at +380, Ohio State at +500 and Penn State at +600. Boise State is the biggest long shot at +7500 despite having a first-round bye. Like Boise State, Arizona State saw its odds go from +3500 to +6000 even though it doesn't play until the quarterfinals. The Picks are In... First-Round Best Bet: Indiana-Notre Dame UNDER 51.5-both teams have solid offenses but will find it difficult to move the ball against the other's defense. Upset Special: Clemson (+340) over Texas-Cade Klubnik will have his hands full against the Texas secondary, but the Clemson defense could be up for the challenge against Quinn Ewers and the Longhorns offense. National Championship Winner: Favorite-Oregon +380; Dark Horse-Notre Dame +1200; Long Shot-Arizona State +6000 --Field Level Media
Christmas In The Air Despite HardshipUS President-elect Donald Trump is expected to overturn California’s ban on new petrol and diesel light vehicles from showrooms by 2035, just months after the proposal was approved. In August 2022, California proposed the ban on internal combustion engine (ICE) vehicles in a bid to reduce carbon emissions, with transportation responsible for approximately 50 per cent of greenhouse gas emissions and 80 per cent of air pollutants in the state. While plug-in hybrids (PHEVs) are exempt from the ban they must be capable of 80km of real-world electric-only driving, and comprise no more than 20 per cent of a brand’s total sales. The rest of the vehicles must be electric vehicles (EVs). Know the news with the 7NEWS app: Download today The proposal was finally signed off by the US Environmental Protection Agency (EPA) last week, and the framework will be adopted by 11 other states including New York. 100s of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now . However, it may be short-lived, as Mr Trump has claimed he will revoke any approvals granted by the EPA to California, having been critical of the outgoing Biden Administration’s vehicle policies. This includes axing the federal tax credit for EVs, worth up to US$7500 (A$11,625), and cutting off support for charging stations, instead sending the funds to the “national defense supply chain and critical infrastructure”. Mr Trump is also reportedly planning to wind back the EPA’s emissions and fuel economy standards to 2019 levels, undoing the recent work of the government department. The EPA has a target for EVs to account for between 35 to 56 per cent of sales on the new vehicle market by 2032, however this is not an enforcement or mandate, rather an outline of what carmakers will need to do to meet wider emissions regulations across their fleets. This target was previously as high as 67 per cent before being walked back in April this year, following cooling demand for EVs. In the lead up to the US election, Mr Trump falsely claimed the US government has mandates which will require EV sales to reach 100 per cent, promising to repeal these if he was elected. Last week, Reuters reported that if the 2019 emissions regulations are revived, vehicles will on average be allowed to emit about 25 per cent more than under the 2025 regulations, while using up to 15 per cent more fuel. John Bozzella, president and CEO of the Alliance for Automotive Innovation – a US lobby group for the nation’s carmakers – criticised California’s ICE ban and said it expects “President Trump will revoke the waiver in 2025.” “We’ve said the country should have a single, national standard to reduce carbon in transportation, but the question about the general authority of California to establish a vehicle emissions program – and for other states to follow that program – is ultimately something for policymakers and the courts to sort out. “Our concerns: first, California’s Advanced Clean Cars II is an actual electrification sales mandate and ultimately a ban on the sale of new gas-powered vehicles. “Second, most of the states that follow California are NOT ready for these requirements. Achieving the sales mandates under current market realities will take a miracle. There needs to be balance and some states should exit the program. “Third, automakers can produce electrified vehicles, but there’s a huge gap between these EV sales mandates and a customer’s (reasonable) expectation they can still choose what kind of vehicle to drive.” California’s ICE ban proposal previously included hydrogen fuel cells vehicles (FCEVs) to account for more than 10 per cent of new cars sold in 2035, however sales of the niche technology have been declining in the state. In the first half of last year, the LA Times reports 1765 FCEVs were sold on the way to the year’s total of 2968. In the first half of this year, that number has shrunk to just 298. The publication attributes the decline to the stalling of California’s hydrogen rollout plans, which are currently well behind the initial plan of 200 refuelling stations up and running by 2025.
Hollywood Publicist Steph Jones has accused her former client, embattled filmmaker and actor , of breach of contract in a lawsuit filed against him in New York this week, just days after his on the set of the film. Baldoni, who directed and starred alongside Lively in the adaptation of Colleen Hoover’s best-selling novel, signed a one-year contract at Jones’ PR firm, Jonesworks, at a rate of $25,000 per month. In August, just as It was released theatrically, Baldoni dropped Jones’ firm and followed his publicist at Jonesworks, Jennifer Abel, to her newly launched PR firm. The lawsuit, filed in New York State Court, also names Abel and publicist Melissa Nathan as conspirators in a smear campaign against Lively and asserts that they then attempted to shift the blame for besmirching the actress around the release of to Jones. In Lively’s lawsuit, filed Saturday with the California Civil Rights Department, she states that Baldoni and his team engaged in a “social manipulation” campaign to “destroy” her reputation as revenge for claiming she was subjected to sexual harassment by Baldoni. Prior to Lively filing her suit over the weekend, her attorneys managed to obtain text messages from Jonesworks’ company phones by boldly sending a pre-litigation subpoena to Jones. The rep then handed over the phone used by Abel, which she “forensically preserved” after the publicist exited her company. Text messages from the device contain correspondences, which are laid out in Lively’s suit, in which the two reps and Baldoni discuss how they plan to “bury” Lively as the filmmaker sought to shut down a possible public outing of alleged on-set sexual misconduct. Baldoni has denied all claims in Lively’s complaint, slamming them as “shameful,” and “serious and categorically false accusations against Mr. Baldoni, Wayfarer Studios and its representatives.” In the latest suit in the spiraling drama around the movie, which happens to deal with issues around abuse and trauma, Jones’ suit claims Abel had planned for months to leave Jonesworks and abscond with the firm’s clients while also besmirching Jones’ professional reputation. Nathan stands accused in the lawsuit of encouraging Abel to leave as she was eager to gain Jonesworks’ clients. “This scheme ultimately inflicted serious damage on Jones and Jonesworks,” the suit claims. Calls placed by to Jonesworks seeking comment were not immediately returned. THR Newsletters Sign up for THR news straight to your inbox every day More from The Hollywood Reporter
For the first time in 15 years, Hanukkah and Christmas coincide in 2024: The Jewish holiday begins with the first candle lighting at sundown on Christmas Day. These holidays are an important affirmation of our religious heritage. America was established on a biblical worldview, and it can’t survive without it. President Dwight D. Eisenhower said, “Our form of government makes no sense unless it is founded in a deeply felt religious faith, and I don’t care what it is.” Ike was not saying that religious differences are unimportant, but that faith itself is what matters. George Washington — another soldier turned statesman — cautioned in his Farewell Address that “religion and morality are indispensable supports” of political prosperity. His successor, John Adams, said: “Our Constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other.” President Ronald Reagan warned, “If we ever forget that we are one nation under God, then we will be a nation gone under.” Today, we are a nation adrift in a sea of doubt. According to a March Gallup survey, only 30% of Americans now attend religious services regularly, while 56% seldom or never do so. Those who don’t identify with any religion (the “nones”) rose from 13% in 2010 to 21% today. Is it so surprising then that in an Emerson College poll, 41% of adults under 30 said the cold-blooded killing of UnitedHealthcare CEO Brian Thompson was “acceptable”? This is what comes from not teaching religion to the young but instead allowing them to absorb the values of the secular culture. All of our most intractable problems — including crime, drug abuse and depression — are related to a weakening of faith. In its 12-step program, Alcoholics Anonymous explains: “Accepting a higher power helps you to see life from a different perspective and creates a sense of accountability.” Religious people are happier, healthier and more involved with their family and community. The left, which has an instinctive aversion to religion — Karl Marx called it the “opium of the masses”— keeps casting about for a substitute. The French Revolution created a Cult of Reason to replace Christianity and set up an altar to it in Notre Dame Cathedral. In 2024, the Democratic Party tried to turn democracy (a word found nowhere in America’s founding documents) into a religion. In his 2022 speech at Independence Hall , President Biden indicted his predecessor as a threat to democracy. Mr. Biden used Independence Hall as a prop without any understanding of its real significance. The Declaration of Independence, which was signed there, speaks of unalienable rights endowed by the Creator. If such a document were produced today, progressives would be screaming that the authors had violated the mythical wall separating church and state. Democrats saw the Jan. 6 riot at the US Capitol not as trespass and vandalism but as heresy — the pagans committing acts of sacrilege in the temple of democracy. The failure of their attempts to deify democracy may be seen in the results of the 2024 election: President-elect Donald Trump became the first Republican in 20 years to receive a majority of the popular vote . As supreme allied commander in Europe during World War II, Eisenhower was as responsible as anyone for our victory. When our forces began liberating the death camps, the future president was so moved by the horrors uncovered that he was determined to document them. On April 12, 1945, Eisenhower visited Dachau in the company of Gens. George Patton and Omar Bradley. He wrote to Winston Churchill that the English language didn’t have words to describe what he saw. What he saw was a monument to depravity — to a government based on ideology, in this case, the master race theory — the only alternative to one based on religious values. Modernity has witnessed so many horrific examples of state power driven by ideology — the Reign of Terror, communism, the Holocaust, Islamism (a cult masquerading as a religion) and the soft totalitarianism of diversity, equity and inclusion. During the Revolutionary War, Valley Forge was the low point of the American cause. A famous painting by a contemporary artist shows Washington kneeling in the snow and praying outside the Continental Army’s encampment. Such faith has sustained us in every war and national crisis. The fight to maintain our religious heritage is far more important than tariffs or tax cuts. Adapted from The Washington Times .
US actress Lively accused Baldoni of sexual harassment, hostile work environment and embarking on a “multi-tiered plan” to damage her reputation with claims of a targeted social media campaign. The legal complaint states that Baldoni, 40, hired crisis communications specialist Melissa Nathan, the same publicist who actor Johnny Depp is said to have hired during his high-profile defamation trial against Heard in 2022. In a statement given to NBC News, Aquaman star Heard said: “Social media is the absolute personification of the classic saying, a lie travels halfway around the world before truth can get its boots on. “I saw this first-hand and up close. “It’s as horrifying as it is destructive.” Depp successfully sued ex-wife Heard over a 2018 article she wrote for The Washington Post about her experiences as a survivor of domestic abuse, which his lawyers said falsely accused him of being an abuser. At the time, Heard said the jury’s verdict “sets back the clock to a time when a woman who spoke up and spoke out could be publicly shamed and humiliated”. Bryan Freedman, a lawyer representing Baldoni and the other named defendants, said Lively’s claims were “completely false, outrageous and intentionally salacious”, adding that the studio “made the decision to proactively hire a crisis manager prior to the marketing campaign of the film”. It Ends With Us, based on Colleen Hoover’s novel of the same name, is about a woman’s pursuit of a loving and healthy relationship, with Lively playing lead character Lily Bloom and Baldoni as her love interest Ryle Kincaid amid a backdrop of domestic violence. After the legal action was filed, Hoover appeared to voice support for 37-year-old Lively, writing on her Instagram stories: “@blakelively you have been nothing but honest, kind, supportive and patient since the day we met. “Thank you for being exactly the human that you are. “Never change. Never wilt.” Hoover posted a link to a New York Times article titled We Can Bury Anyone: Inside A Hollywood Smear Machine. Lively’s former cast members from the 2005 film The Sisterhood Of The Traveling Pants, America Ferrera, Amber Tamblyn, and Alexis Bledel, also released a joint social media statement to defend their long-time friend. “As Blake’s friends and sisters for over 20 years, we stand with her in solidarity as she fights back against the reported campaign waged to destroy her reputation,” the statement said. “Throughout the filming of It Ends With Us, we saw her summon the courage to ask for a safe workplace for herself and colleagues on set, and we are appalled to read the evidence of a premeditated and vindictive effort that ensued to discredit her voice.” They added: “We are struck by the reality that even if a woman is as strong, celebrated, and resourced as our friend Blake, she can face forceful retaliation for daring to ask for a safe working environment,” the statement continues. “We are inspired by our sister’s courage to stand up for herself and others.”
Kevin Greenard: Time horizon and the impact of variable returns Kevin Greenard Nov 22, 2024 1:00 PM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message Kevin Greenard Listen to this article 00:09:35 The variability of investment returns can have a material impact in the early years of investing. Over time, the variability of returns is smoothed out. There are methods and strategies to reduce the variability for investors who have cash and want to get these funds invested. Over the years, we have received hundreds of calls from individuals who have accumulated significant savings, sold a business or home, or received an inheritance. All have the same desire to protect the capital and get a satisfactory rate of return. Timing in the short term For the most part, the timing of when funds are received by clients may or may not be ideal with respect to where the equity market cycle is positioned — that part can not always be controlled. However, the timing of getting funds invested can be controlled and managed by a Portfolio Manager. Long-term returns Canada in review In the past 25 years, there have been seven years in which the S&P/TSX Composite Index posted declines and 18 years in which there were positive returns. We also noted the extremes of a loss of 33 per cent in 2008, and a gain of 35.1 per cent in 2009. The above information reinforces something we already know: The stock market does not move in a straight line. The total cumulative rate of return during this 25-year period is 517 per cent. This equates to an annualized 7.55 per cent return over the last 25 for the TSX Composite Index. United States in review In the past 25 years, there have been six years where the S&P 500 posted declines and 19 years in which there were positive returns. We also noted the extremes of a loss of 37 per cent in 2008, and a gain of 32.4 per cent in 2013. The total rate of return during this 25-year period is 519 per cent. This equates to an annualized 7.56 per cent return over the last 25 within the S&P500. The stock market has provided solid long-term returns in both Canada and south of the border. Establishing a geographically diversified and disciplined long-term approach helps overcome short-term variable returns. Variable returns in the short term To see how both positive and negative years in the equity markets impacts your portfolio in the short term, we have developed the Greenard Group Variability Chart which we have published multiple times over the years. The table below shows how the first-year actual investment returns impact the required average annual returns to reach annual short-term growth targets of six and eight per cent. Greenard Group Variability Chart If the above chart was stretched out over a 25-year time horizon the variability of the first-year returns would have an even smaller impact. First year of investing An investor who began investing in early 2010 may have a significantly different outcome than an investor who began investing at the beginning of this year. When we have new clients with a lump sum to invest, we communicate the importance of reducing market risk. Market risk is simply the risk of the market pulling back — it is not specific to any one security. With the rise in exchange-traded funds and mutual funds, when investors are selling, all constituents of these structured investments will decline. Components to manage market risk The strategy of how to manage market risk is dependent on many components. The three main components include: • What stage of the market cycle we are in; • Client’s net worth, cash flow needs, and risk tolerance; and • Age, time horizon, and past investment experience. The Greenard Group approach is customized to each client. We have provided a few examples below. Sandra Smith At the end of 2019, we received a call from Sandra. She was referred to us by a friend that is a client of ours. Sadly, she lost her husband during the year who had been handling the finances. In addition, she received $750,000 as a lump sum payout from an insurance company. Assessing the three main components above: • Sandra came to see us at the end of 2019 with markets at historic highs. • Net worth was high — excluding principal residence the investable assets were $1.6 million. • Other income sources were low, cash flow needs were high, and risk tolerance was medium. • Sandra was 59, wanted to plan to age 95, and had limited investment knowledge. The components mapped out for Sandra involved preparing a financial plan, ensuring she prepared a summary of her cash flow needs/budget, focusing on low beta dividend paying stocks, and getting the funds invested over time. On the first meeting, we invested only 25 per cent of the cash to get the baseline core names in the model portfolio and to start receiving dividend income. We also mapped out a plan of what the portfolio will look like once fully invested. As Portfolio Managers, we have the discretion to react quickly if market opportunities present themselves. Heather and Thomas White Heather and Thomas sold their house for $1.3 million in December 2021 to capitalize on the hot housing market. They decided to rent and not buy back into the real estate market. Heather and Thomas already had $1 million invested in non-registered, TFSA and RRIF accounts. Assessing the three main components above: • Heather and Thomas came to see us at the end of 2021 — markets were again at an all-time high. • Net worth was high with investable assets at $2.3 million. • Other income sources were moderate (registered pension plan, CCP and OAS), and cash flow needs were moderate-to-high as they required cash flow to pay rent and to travel. • They had over 20 years of investment experience, high investment knowledge, and a moderate risk tolerance. • Heather and Thomas were both 78 and wanted to plan for at least one of them living to age 95. The components mapped out for Heather and Thomas involved updating their retirement financial plan for the recent sale of the house. The plan required us to send $10,000 automatically every month from their investment account to their bank account. We set aside $240,000 into a special money market ear-marked for their cash flow needs for two years — we refer to this as a cash wedge. We added some of remaining amount to the existing investments, which involved restructuring the placement of the investments and position sizes. The discussions also focused on tax efficiency and generating stable income to replenish the cash wedge for the monthly withdrawals. Given that markets were at an all time high, and they had an existing portfolio already, we invested only 25 per cent of the lump sum deposit. Our advice was that if the markets pulled back, we would view this as an opportunity to get the remaining funds invested. Within six months, we were able to get 75 per cent of the cash invested. John Johnston John was a dentist who had recently sold his dental practice for $2 million. He was still planning to work for another three years. His other investments were primarily in real estate. John had moderate knowledge of financial investments. Assessing the three main components above: • John came to see us in 2022 — markets had pulled back substantially. • Net worth was high, excluding principal residence the investable assets were $2 million. • Other income sources were high, there were no cash flow needs from the portfolio for three years, and John had high risk tolerance. • John was 54, wanted to plan to age 90, and had moderate investment knowledge. The components mapped out for John involved preparing a retirement financial plan. John was planning to make further deposits into his investment accounts over the next three years, did not require any cash flow from the investments in the short term, and wanted to focus on capital growth. During the first meeting, given the stage of the market cycle, we invested 50 per cent of the cash to get the baseline core names in the portfolio, and to position the portfolio for growth. We also mapped out a plan of what the portfolio would look like once fully invested; taking into consideration that John would be making ongoing large deposits that would also need to be invested over time. Our recommendations were aided by the fact that in addition to his professional income, he had stable rental income that would support his cash flow needs. Kevin Greenard CPA CA FMA CFP CIM is a Senior Wealth Advisor and Portfolio Manager, Wealth Management with The Greenard Group at Scotia Wealth Management in Victoria. His column appears every week at timescolonist.com. Call 250.389.2138 , email [email protected] , or visit greenardgroup.com . See a typo/mistake? Have a story/tip? This has been shared 0 times 0 Shares Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message Get your daily Victoria news briefing Email Sign Up More The Greenard Index Kevin Greenard: Transparency and real-time data can create investor anxiety Nov 15, 2024 12:00 PM Kevin Greenard: Fear, hope and greed and the stock market Nov 8, 2024 12:00 PM Kevin Greenard: Timing the market is a form of speculation Nov 1, 2024 7:00 PMFarage willing to work with Lord Mandelson to secure Trump trade deal