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jilipark login password HOUSTON (AP) — An elaborate parody appears to be behind an effort to resurrect Enron, the Houston-based energy company that exemplified the worst in American corporate fraud and greed after it went bankrupt in 2001. If its return is comedic, some former employees who lost everything in Enron’s collapse aren’t laughing. “It’s a pretty sick joke and it disparages the people that did work there. And why would you want to even bring it back up again?” said former Enron employee Diana Peters, who represented workers in the company’s bankruptcy proceedings. Here’s what to know about the history of Enron and the purported effort to bring it back. What happened at Enron? Once the nation’s seventh-largest company, Enron filed for bankruptcy protection on Dec. 2, 2001, after years of accounting tricks could no longer hide billions of dollars in debt or make failing ventures appear profitable. The energy company's collapse put more than 5,000 people out of work, wiped out more than $2 billion in employee pensions and rendered $60 billion in Enron stock worthless. Its aftershocks were felt throughout the energy sector. Twenty-four Enron executives , including former CEO Jeffrey Skilling , were eventually convicted for their roles in the fraud. Enron founder Ken Lay’s convictions were vacated after he died of heart disease following his 2006 trial. Is Enron coming back? On Monday — the 23rd anniversary of the bankruptcy filing — a company representing itself as Enron announced in a news release that it was relaunching as a “company dedicated to solving the global energy crisis.” It also posted a video on social media, advertised on at least one Houston billboard and a took out a full-page ad in the Houston Chronicle In the minute-long video that was full of generic corporate jargon, the company talks about “growth” and “rebirth.” It ends with the words, “We’re back. Can we talk?” Enron's new website features a company store, where various items featuring the brand's tilted “E” logo are for sale, including a $118 hoodie. In an email, company spokesperson Will Chabot said the new Enron was not doing any interviews yet, but that "We’ll have more to share soon.” Signs point to the comeback being a joke. In the “terms of use and conditions of sale” on the company's website, it says “the information on the website about Enron is First Amendment protected parody, represents performance art, and is for entertainment purposes only.” Documents filed with the U.S. Patent and Trademark Office show that College Company, an Arkansas-based LLC, owns the Enron trademark. The co-founder of College Company is Connor Gaydos, who helped create a joke conspiracy theory that claims all birds are actually surveillance drones for the government. What do former Enron employees think of the company’s return? Peters said that since learning about the “relaunch” of Enron, she has spoken with several other former employees and they are also upset by it. She said the apparent stunt was “in poor taste.” “If it’s a joke, it’s rude, extremely rude. And I hope that they realize it and apologize to all of the Enron employees,” Peters said. Peters, who is 74 years old, said she is still working in information technology because “I lost everything in Enron, and so my Social Security doesn’t always take care of things I need done.” “Enron’s downfall taught us critical lessons about corporate ethics, accountability, and the consequences of unchecked ambition. Enron’s legacy was the employees in the trenches. Leave Enron buried,” she said. This story was corrected to fix the spelling of Ken Lay’s first name, which had been misspelled “Key.” Follow Juan A. Lozano on X at https://x.com/juanlozano70How to watch 'How the Grinch Stole Christmas!' (1966): Primetime special, streaming

Qatar tribune Republican Donald J Trump’s decisive win in the Nov. 5 election has inspired handwringing among Democrats about how a convicted felon who tried to overturn his 2020 election defeat could beat a mainstream candidate like Vice President Kamala Harris. Now along comes the University of Chicago with an explanation that not only makes some sense but could foreshadow what’s ahead. The university’s Booth School of Business isn’t usually known for simple answers, but according to a study from two of its professors, the key to Trump’s victory comes down to a surprisingly simple theory: Trump won because the economy was strong under incumbent Joe Biden. That assertion undermines the standard analysis about how inflation, inequality and lack of upward mobility left the electorate angry and disaffected, opening the door to Trump’s populist campaign. According to the U. of C. study, Americans over the past century have consistently voted Republican when times are good, mostly because they believe the GOP stands for reducing taxes and promoting business. When times are bad, Americans turn to Democrats, who they associate with a stronger safety net and reining in business. The research results contradict a rival theory that voters were so angry about rising prices that they didn’t recognize the overall strength of today’s economy. “The consensus in the media seems to be that even though the economy is strong, people see it differently,” wrote finance professors Lubos Pastor and Pietro Veronesi. “But we find it hard to believe that Americans elected Trump because they are confused about the economy.” The professors say most presidential elections back to the 1930s support their theory. Americans were living in the Great Depression when they backed Democrat Franklin D. Roosevelt, and the Great Recession when they went with Democrat Barack Obama. John F. Kennedy, Jimmy Carter and Bill Clinton — all Democrats — took office after sharp downturns. During economic booms, when America can afford to take a less-than-cautious approach, voters are “more willing to take risks,” as the professors put it, by backing Republicans. Hence, Trump won in 2016 when the economy was good, lost in 2020 when COVID-19 shut down the country and won again in 2024 because, the professors assert, “Risk aversion is low due to the strong economy.” So is the economy really doing well? Yes, by practically all measures. Inflation is down, unemployment is low, the dollar is strong and the stock market has soared. U.S. consumer sentiment recently ticked up again, suggesting Americans are feeling pretty good despite higher prices for everything from health care to Thanksgiving groceries. That positive consumer sentiment is especially justified when comparing the U.S. with other large, advanced economies. Europe is lagging, with Germany, its economic engine, flirting with a recession and struggling through a political crisis. The United Kingdom is facing a long-term decline, and Japan’s aging population and low birth rates bode ill for its future. Even Canada, which usually does well when the U.S. does well, is feeling decidedly unwell these days, imperiling the regime of longtime Prime Minister Justin Trudeau. Still, as anyone familiar with investing has heard many times, past performance is no indication of future results. And, in fact, while the outlook for the U.S. economy is better than that of many other countries, it isn’t exactly rosy. The Federal Reserve started cutting the interest rates it controls in September not only because inflation was mostly tamed but because other indicators, especially for the labor market, were flashing weakness ahead. And while the stock market gets far more attention, bond markets have been sounding an alarm, as interest rates have been choppy even as the Fed has gone dovish. That means consumers are still paying more than they might for mortgages, auto loans and credit cards. Further, the stock market boom may be in a late stage. The University of Chicago research indicates that when risk-aversion is low, as it is today, so are expected future gains in the stock market. “Brace for lower-than-usual stock market returns under the new Trump administration,” they warn. The research suggests that a bad stock market would be more a function of the business cycle rather than “Trump’s fault.” But the president-elect certainly could make matters worse in a hurry. If Trump follows through on his tariff plan, he’s likely to rekindle inflation. His planned tax cuts would boost the federal budget deficit, nudging interest rates higher. Robert F. Kennedy Jr., Trump’s nominee to run the Department of Health and Human Services, has put a target on Big Agriculture, Big Food and Big Pharma, three industries that have prospered in past GOP administrations. And no one knows what will be the economic impact if Trump, as promised, expels the entrenched US labor force of undocumented immigrants. Indeed, no one can say for sure what the stock market or US economy will do in the future, and we take simple explanations about election results with healthy skepticism. But if the University of Chicago theory is correct, and hard times indeed favor Democrats, here’s a corollary: Republicans better do what they can to protect the economy, or they may find themselves on the outside looking in when the next presidential election rolls around in 2028. Copy 04/12/2024 10Hydrogen Economy – HydrogenPro ASA – Secures NOK 70 million from existing investors and conditionally NOK 70 million from new strategic partner NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN. OSLO, Norway, Dec. 23, 2024 /PRNewswire/ — HydrogenPro ASA (OSE: HYPRO): HydrogenPro ASA (“ ” or the “ “) has secured approx. NOK 70 million in new equity through a private placement of new shares (the “ “) towards its existing shareholders ANDRITZ AG (“ “) and Mitsubishi Heavy Industries, Ltd. (“ “). The Company is further pleased to announce that it has entered into an investment agreement (the “ “) regarding a conditional equity investment of approx. NOK 70 million (the “ “) by LONGi Hydrogen Technology (Xi’an) Co., Ltd. (“ “) and a cooperation agreement (the “ “) with LONGi Hydrogen. Thus, provided successful completion of the LONGi Investment, the total gross proceeds to the Company from the Private Placement and the LONGi Investment amount to approx. NOK 140 million. The subscription price in the Private Placement and LONGi Investment is NOK 5.50 per share (compared to NOK 4.50 per share as of close on 20 December 2024). LONGi Hydrogen is engaged in the development and manufacturing of green hydrogen equipment and solutions. It is a holding subsidiary of LONGi Green Energy Technology Co., Ltd., a world leader in solar PV products and solutions, listed on the Shanghai Stock Exchange. , CEO of HydrogenPro, comments: “Over the past few years, we have demonstrated the importance of our strong partnerships with MHI and ANDRITZ, delivering two of the world’s largest green hydrogen projects. This investment further strengthens the solid cooperation within technology and market development.” adds: “They bring first-class industrial and technical expertise. We see a great strategic fit that together with all of our industrial partners on board we will broaden our opportunities to further optimize our current offering on the market.” The Private Placement Through the Private Placement, ANDRITZ and MHI will each subscribe for 6,350,000 new shares (the “ “) at a subscription price of NOK 5.50 per share (the “ “). The total subscription amount for the New Shares is approx. NOK 70 million. The New Shares will, following their issuance, represent approx. 15.3% of the Company’s outstanding shares. In connection with the Private Placement, both ANDRITZ and MHI have agreed to a 6-month lock-up for its shareholding, subject to customary exemptions. 5,281,300 of the New Shares will be issued to ANDRITZ and MHI on a temporary ISIN blocked from trading on Euronext Oslo Børs pending publication of a listing prospectus. The net proceeds from the Private Placement will be used for general corporate purposes. The Private Placement and issuance of the New Shares is expected to be concluded during the first half of January 2025. Share capital increase In connection with the Private Placement, the board of directors of HydrogenPro (the “ “) has resolved to increase the share capital of the Company with NOK 254,000 by the issuance of 12,700,000 new shares, each with a nominal value of NOK 0.02 pursuant to an authorization granted by the Company’s annual general meeting on 23 April 2024. Investment Agreement and Cooperation Agreement with LONGi Hydrogen Pursuant to the Investment Agreement, LONGi Hydrogen shall subscribe for 12,703,209 new shares in the Company at the Subscription Price. Completion of the LONGi Investment is subject to LONGi Hydrogen obtaining a necessary Overseas Direct Investment (ODI) regulatory approval in China to carry out its investment in the Company (the “ “), and the Company’s shareholders, following and provided LONGi Hydrogen obtaining the Approval, resolving to approve, or facilitate via a board authorisation, the share issue pertaining to the LONGi Investment at a general meeting. It is expected that the LONGi Investment will be consummated during the first half of 2025. Subject to completion of the LONGi Investment, LONGi Hydrogen has agreed to a 6-month lock-up for its shareholding (subject to customary exemptions). Moreover, LONGi Hydrogen intends to nominate one candidate to the Company’s board of directors in connection with the general meeting to be held for the purposes of consummating the LONGi Investment. The net proceeds to the Company from the LONGi Investment will be used for general corporate purposes. The primary purpose of the Cooperation Agreement is for the Company and LONGi Hydrogen to leverage their respective strengths to provide superior quality and cost-efficient products to customers, supporting their long-term vision for global decarbonization. The Cooperation Agreement specifically enables collaboration on relevant projects, broadening the scope of projects the Company and LONGi Hydrogen can bid on and enhancing the quality of products and services delivered. Additionally, the Cooperation Agreement will improve HydrogenPro and LONGi Hydrogen’s manufacturing footprint in China and Europe, ensuring optimized production and supply chain efficiency. Equal treatment considerations – Subsequent Offering The Private Placement entails a deviation from the shareholders’ pre-emptive rights pursuant to Sections 10-4 and 10-5 of the Norwegian Public Limited Companies Act. The Board has diligently considered the deviation from the shareholders’ pre-emptive rights to be in the best interest of the Company and its shareholders. Moreover, the Private Placement has been considered by the Board in light of the equal treatment obligations under the Norwegian Securities Trading Act section 5-14, section 2.1 of the Oslo Rule Book II, and Oslo Børs’ Circular no. 2/2014, and the Board is of the opinion that it is in compliance with these requirements and guidelines. In reaching these conclusions, the Board emphasized that the Private Placement enables the Company to efficiently raise new equity, and thereby improve the liquidity situation of the Company. Furthermore, the New Shares are issued above the volume-weighted average price (VWAP) of the Company’s shares the last 30 trading days prior to this date, and therefore, based on the current market price, the Private Placement does not result in financial dilution for the Company’s existing shareholders. Alternative structures to the Private Placement have been considered. To facilitate equal treatment, including to limit the dilutive effect of the Private Placement and provide shareholders who did not participate in the Private Placement the opportunity to subscribe for shares at the same price, the Board proposes that a subsequent offering (the “ “) is carried out by the issuance of up to 6,350,000 new shares, at the Subscription Price, which equals up to NOK 34.925 million in gross proceeds, directed at shareholders of the Company as per 20 December 2024 (as registered with the VPS two trading days thereafter) (except for Andritz and MHI) who are not resident in a jurisdiction where such offering would be unlawful or would (in jurisdictions other than Norway) require any prospectus, filing, registration or similar action (the “ “). The subscription period for the Subsequent Offering will commence following the approval and publication of an offering prospectus, expected during Q1 2025. The Subsequent Offering is subject to, inter alia, completion of the Private Placement, relevant corporate resolutions (including necessary resolutions by an extraordinary general meeting of the Company), prevailing market price and traded volume of the Company’s shares, and approval of an offering prospectus. Further information on any Subsequent Offering will be provided in a separate stock exchange release. The Board reserves the right in its sole discretion to not conduct or to cancel the Subsequent Offering. The Board also notes that the LONGi Investment, if and when completed, will entail a deviation from the shareholders’ pre-emptive rights pursuant to Sections 10-4 and 10-5 of the Norwegian Public Limited Companies Act. The Board will therefore consider applicable equal treatment obligations in relation the LONGi Investment following fulfilment of the conditions for consummation of the LONGi Investment, taking into account the prevailing market price and trading volumes of the Company’s shares at such points in time. the latest news shaping the hydrogen market at Hydrogen Economy – HydrogenPro ASA – Secures NOK 70 million from existing investors and conditionally NOK 70 million from new strategic partner, OECD – Leveraging De-Risking Instruments and International Co-ordination to Catalyse Investment in Clean Hydrogen To put the global economy in a trajectory aligned with the Paris Agreement, more investments in... Axon, through its ISETEC fund, announces a strategic investment in Powercell AB, a European leader in fuel cell technology Axon Partners Group, via its ISETEC fund, has made a new strategic investment in Powercell AB, a... Bloom Energy Announces Project Funding Partnership with Industry Leaders HPS Investment Partners and Industrial Development Funding Long-Term Partnership will Enable Funding of Large Projects and Allow Customers to Pay...

Kansas banking commissioner still not sold on Beneficient’s unusual business modelHome | NW government HOD sentenced to 2-years in SA Express matter The former Head of Department at the North West Department of Community Safety and Transport Management Bailey Mahlakoleng has been sentenced to two years imprisonment or R200 000 fine. This is after he pleaded guilty before the North West High court today, for contravening the Public Finance Management Act relating to the SA Express matter. His sentencing emanates from an investigation by the Hawks into allegations of flouting procurement processes when the North West Department of Community Safety and Transport Management entered into a contract with SA Express in 2015 to provide airline services for the province. HAWKS North West Spokesperson Lieutenant Colonel Tinyiko Mathebula elaborates. “Upon entering into a five-year contract with the department, SA Express appointed three different management companies for ground handling services. In terms of the agreement, the department had to pay an amount of approximately R409 million to SA Express and management companies over a five-year period. The contract ended after three years. The department had suffered a loss of R186 million. Over R83 million was paid to the three management companies. It was discovered during the investigation that no ground handling services were rendered by the appointed companies.” Mahlakoleng reportedly confessed that he was only following political instructions. “The main reasons for accepting the plea offer were that he did not receive any of the stolen funds and he is a first offender and acted under pressure when he yielded to the instruction from his political bosses not to follow correct procurement procedures when SA Express was appointed,” adds Mathebula. SABC © 2024

WesBanco, Inc. and Premier Financial Corp. Announce Shareholder Approvals of Merger AgreementHOUSTON (AP) — An elaborate parody appears to be behind an effort to resurrect Enron, the Houston-based energy company that exemplified the worst in American corporate fraud and greed after it went bankrupt in 2001. If its return is comedic, some former employees who lost everything in Enron’s collapse aren’t laughing. “It’s a pretty sick joke and it disparages the people that did work there. And why would you want to even bring it back up again?” said former Enron employee Diana Peters, who represented workers in the company’s bankruptcy proceedings. Here’s what to know about the history of Enron and the purported effort to bring it back. What happened at Enron? Once the nation’s seventh-largest company, Enron filed for bankruptcy protection on Dec. 2, 2001, after years of accounting tricks could no longer hide billions of dollars in debt or make failing ventures appear profitable. The energy company's collapse put more than 5,000 people out of work, wiped out more than $2 billion in employee pensions and rendered $60 billion in Enron stock worthless. Its aftershocks were felt throughout the energy sector. Twenty-four Enron executives , including former CEO Jeffrey Skilling , were eventually convicted for their roles in the fraud. Enron founder Key Lay’s convictions were vacated after he died of heart disease following his 2006 trial. Is Enron coming back? On Monday — the 23rd anniversary of the bankruptcy filing — a company representing itself as Enron announced in a news release that it was relaunching as a “company dedicated to solving the global energy crisis.” It also posted a video on social media, advertised on at least one Houston billboard and a took out a full-page ad in the Houston Chronicle In the minute-long video that was full of generic corporate jargon, the company talks about “growth” and “rebirth.” It ends with the words, “We’re back. Can we talk?” Enron's new website features a company store, where various items featuring the brand's tilted “E” logo are for sale, including a $118 hoodie. In an email, company spokesperson Will Chabot said the new Enron was not doing any interviews yet, but that "We’ll have more to share soon.” Signs point to the comeback being a joke. In the “terms of use and conditions of sale” on the company's website, it says “the information on the website about Enron is First Amendment protected parody, represents performance art, and is for entertainment purposes only.” Documents filed with the U.S. Patent and Trademark Office show that College Company, an Arkansas-based LLC, owns the Enron trademark. The co-founder of College Company is Connor Gaydos, who helped create a joke conspiracy theory that claims all birds are actually surveillance drones for the government. What do former Enron employees think of the company’s return? Peters said that since learning about the “relaunch” of Enron, she has spoken with several other former employees and they are also upset by it. She said the apparent stunt was “in poor taste.” “If it’s a joke, it’s rude, extremely rude. And I hope that they realize it and apologize to all of the Enron employees,” Peters said. Peters, who is 74 years old, said she is still working in information technology because “I lost everything in Enron, and so my Social Security doesn’t always take care of things I need done.” “Enron’s downfall taught us critical lessons about corporate ethics, accountability, and the consequences of unchecked ambition. Enron’s legacy was the employees in the trenches. Leave Enron buried,” she said. ___ Follow Juan A. Lozano on X at https://x.com/juanlozano70 Juan A. Lozano, The Associated Press

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