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The summer of 1979 featured disco in the nightclubs, “Saturday Night Fever” on the radio, and long lines at the gas pumps, where prices were high and supply was short. High unemployment, inflation and the energy crisis engendered by foreign oil producers crippled the country. The 444 days of the crisis when a newly revolutionary Iran took and held American hostages, coupled with the deaths of eight servicemen in a botched rescue attempt, had begun. In 1980, Russia invaded Afghanistan, and the U.S. response was a boycott of the 1980 Moscow Olympics. Confidence in the American way of life waned and convinced many Americans that the man in the White House, Jimmy Carter, was inept, unlucky or both. His approval rating plummeted to a record low as a recession and a growing perception of weakness took hold. It was a crushing blow to an administration that began with promise and optimism. “The tragedy of Jimmy Carter is that his fourth year was disastrous,” Robert A. Pastor told The Atlanta Journal-Constitution. He was a Carter adviser and professor of international relations at American University before his death in 2014. “The number of setbacks that occurred ultimately set the stage for his defeat and has colored the way people look at Jimmy Carter,” said Pastor. “And it has prevented them from appreciating what he did do.” Carter rose from relative obscurity to the presidency in two years, with the help of his family and the Peanut Brigade, friends from Georgia who knocked on hundreds of thousands of doors across the U.S. to vouch for him face-to-face with Americans. He offered “a government as honest as the people,” after the national embarrassment of President Richard Nixon and the Watergate scandal. Carter’s first three years in office yielded “extraordinary accomplishments,” Pastor says. The president brokered the Camp David Accords, a peace agreement between Israeli Prime Minister Menachem Begin and Egyptian Prime Minister Anwar Sadat. That led to the two foreign leaders winning the 1978 Nobel Peace Prize. He normalized relations with China and made human rights a cornerstone of U.S. foreign policy. Carter signed the Panama Canal treaty, established the departments of energy and education, and vastly expanded national parks and recreation areas and preserves, including the Chattahoochee River National Recreation Area — one of metro Atlanta’s favorite green spaces. Carter — as a Democrat — deregulated airlines, transportation, financial institutions and lifted sanctions on actions such as the home brewing of beer, which eventually led to America’s craft-brewing boom. Definitively, he cut oil imports by half in an effort to free the nation from energy dependence on foreign nations. That dependence had become frighteningly clear from an oil embargo by OPEC nations, which had jacked up fuel costs, caused shortages and hamstrung a faltering economy. Carter tried to address the economic and other problems in what came to be known as the “malaise” speech, even though he never uttered that word. His fifth major address on the energy crisis, the speech was complex, preachy and prescient. The speech was well received until, as historian Douglas Brinkley noted in a PBS documentary, “it boomeranged on him” with a series of following events. In the speech, he asked American’s to return to their roots of optimism and faith in democracy and each other. He described an erosion in trust among neighbors and a gridlocked government beholden to special interests as a “crisis of confidence.” “In a nation that was proud of hard work, strong families, close-knit communities, and our faith in God, too many of us now tend to worship self-indulgence and consumption,” he said. “Human identity is no longer defined by what one does, but by what one owns. But we’ve discovered that owning things and consuming things does not satisfy our longing for meaning. We’ve learned that piling up material goods cannot fill the emptiness of lives which have no confidence or purpose.” Carter urged a new age of limits and sacrifice. “The solution of our energy crisis can also help us to conquer the crisis of the spirit in our country,” he said. To some, it came across as more of a sermon from the life-long Baptist Sunday school teacher than a presidential address. A week later, Carter asked his entire Cabinet to resign, a poorly managed house-cleaning that suggested the White House was falling apart. Many came to believe that Carter — not the loss of vision and hope by the American people — was the problem. As the economy’s fluttering drift continued, the former Navy engineer was criticized as being a micro-manager and more interested in the process of setting up policy than he was in producing effective ones. He had to fend off attacks of being too much of a D.C. outsider to get much done inside the Beltway, and he suffered other inside attacks for being too conservative for the liberal wing of his party. And when he ran for reelection, he was challenged in his own Democratic primary by U.S. Sen. Ted Kennedy, which made matters worse. A year later, Ronald Reagan defeated Carter in a landslide. Carter returned to Plains to lick his wounds and begin the long work that 24 years later would earn him the Nobel Peace Prize. Carter admitted his mistakes as president three decades after leaving the White House, but said he didn’t regret what he did. “I never have felt discouraged or disappointed when I look back at those four years,” he told TV interviewer Charlie Rose during a media tour in 2010 to promote his book “White House Diary.” To “60 Minutes” reporter Lesley Stahl he said, “I think I was identified as a failed president because I wasn’t reelected.” Carter told interviewers that his proudest achievement was that “all the hostages in Iran came home alive.” They were released moments after Reagan took the oath of office. If he could do anything differently, he has said, he would have sent one more helicopter in an attempt to rescue the hostages. Three of the eight helicopters failed, causing the mission to abort. The botched rescue further entrenched his perception of ineptitude. He was tagged as weak “because I didn’t bomb Iran,” he told Rose. His biggest mistake? “Not becoming a trusted and supported leader of the Democratic party,” he told Rose. “I ran as an outsider,” he recalled. “I rode the wave of dissatisfaction with the government.” “Americans were discouraged and embarrassed,” as he ran for president, he told Rose. The Vietnam War had just ended, Richard Nixon had resigned the presidency after Watergate. The country had witnessed the assassinations of John F. Kennedy, Robert Kennedy and Martin Luther King Jr. Americans were cynical and deeply distrustful of government. “I capitalized on the displeasure of the American people,” he said. But as president, he also pursued an aggressive agenda to right the ship that confused voters and alienated lawmakers. He had big and futuristic ideas, but some analysts said he struggled to explain those to voters in ways that resonated with them. Reagan took office, welcomed home the U.S. hostages from Iran, and removed the solar panels that Carter had installed on the roof of the White House. Carter went on after his presidency to establish a continuing life on the world stage through his work at the Carter Center, eradicating diseases, brokering peace between warring nations, ending hunger, fighting for the environment and human rights without the constraints of having to answer to a voters, a political party or Congress. He and his wife Rosalynn, blessed with long lives, persisted in the work for more than 40 years. Rosalynn Carter died at age 96 on Nov. 19, 2023. The former president died at age 100 on Dec. 29, 2024. In his book “Sources of Strength” he wrote that one should not concentrate on the number of years one might have left, “at best, life is short, and its duration is unpredictable.” Instead, he wrote, use whatever time you have to make life meaningful. “I feel at ease with history,” he told a USA Today interviewer in 1986. “I feel that our record will stand the test of time.” ©2024 The Atlanta Journal-Constitution. Visit at ajc.com . Distributed by Tribune Content Agency, LLC.
René Bennett | (TNS) Bankrate.com If you’re an iPhone user, you might not realize that you already have access to Apple Cash. It’s a digital cash card that’s built into Apple devices and can be found in the default Wallet app. (Note: You must link an eligible debit card to use this service.) The main function of Apple Cash is to make it easier for Apple device users to send money to one another, including sending money through the iMessage app. But Apple Cash is more than just a peer-to-peer (P2P) payment service — it can be used to shop online, in stores or to make in-app purchases. Apple Cash is a convenient way to transfer money between friends and family. Once it’s set up, a user can simply open the iMessage app and send money to a contact through their chat. It’s also useful for those who use Apple Pay, a separate service that allows Apple device users to make contactless payments with any linked card, including an Apple Cash card. Here are some important things to know about setting up and using Apple Cash. Apple Cash is a digital cash card that’s stored in the Wallet app of Apple devices, and it can be used for making P2P payments, as well as purchases through Apple Pay. When you receive money from another Apple Cash user, that money appears in your Apple Cash balance. The balance can then be spent or transferred to a linked bank account or debit card. Sending money to peers with Apple Cash can be done either directly from the digital Apple Cash card (in the Wallet app) or through the iMessage app. You can send or receive anywhere between $1 and $10,000 per message. The money shows up on the recipient’s Apple Cash card instantly, but it may take from one to three days for the balance to be transferred to a bank account. Instant transfers to a bank account are possible, but it comes with a 1.5% fee. There’s also an option to set up Apple Cash Family for children who are under 18 years old. This option limits the amount a child can send to $2,000 per message. Those younger than 18 also cannot add money to their Apple Cash card from a bank account; rather, their balance only grows when they receive money from another Apple Cash user. Apple Cash is a digital card within your Wallet that allows you to spend your Apple Cash online, in stores and in apps as well send and receive money. Apple Pay, however, allows you to make purchases using any credit card or debit card you have stored in your Wallet — including Apple Cash. With Apple Pay, you add credit and debit cards to your Wallet and then have the ability to pay right with your phone (or other Apple product). To set up Apple Cash, you’ll need three things: —A compatible Apple device. —Two-factor authentication enabled for your Apple ID (this can be done in Settings). —An eligible debit card to load funds onto the Apple Cash card. In the Settings app, you can turn on Apple Cash in the Wallet and Apple Pay section. Tap on the Apple Cash card icon and follow the instructions on the screen. You’ll be asked to agree to the terms and conditions, after which your device will set up Apple Cash for you. The Apple Cash card, once set up, can be found in your device’s Wallet app. If you want to set up Apple Cash Family, you’ll first need to have Family Sharing turned on, which can be done in Settings. The family organizer can add children to Apple Cash in the Family Sharing section of Settings. You’ll need to have a debit card linked to your digital Wallet to add money to an Apple Cash card. You can add a debit card to Wallet in the same place where you set up Apple Cash — the Wallet and Apple Pay section of Settings. Once a debit card is linked to your Wallet, open Wallet and tap on the Apple Cash card. Then, tap the More button (an icon with three dots). This will open a page where you can see your Apple Cash balance, add money and transfer funds to a bank account. Tap Add Money and enter the amount you’d like to add (the minimum is $10). You’ll be asked to confirm which debit card you want to use to fund the Apple Cash balance, and then the money is added to the Apple Cash card. There are two ways to send a payment to someone using Apple Cash: directly from your Wallet or in the iMessage app. Both the sender and recipient need Apple Cash to send or receive money. To send money from Wallet, simply tap the Apple Cash card in Wallet and then tap Send. Type in the contact name or phone number of the recipient. Enter the amount you’d like to send (between $1 and $10,000), then review the payment and confirm it with Face ID, Touch ID or a passcode. In iMessage, open the conversation with who you’d like to send money to, or start a new one. Tap on the app button, which appears next to the type bar, and then tap on the Apple Cash icon. You’ll be prompted to enter an amount (between $1 and $10,000). Once you’ve reviewed the amount, tap Send and confirm with Face ID, Touch ID or a passcode. The first time money is sent to someone, the recipient will need to accept the payment within seven days for it to go through. After the first instance, payments are automatically accepted. If you’re using Apple Cash to make a purchase either online or in a store, you’ll need to pay using Apple Pay. To request money from your iPhone, open the conversation in the Messages app. Tap the plus icon, followed by Apple Cash. Then, tap Request. Tap the send button to send your payment request. Once the request is sent, the person you sent it to can confirm or change the amount they send to you. You can also request money from your Apple watch. Open your messages app, choose a conversation, tap the plus icon and then choose Apple Cash. Once you enter the amount you are requesting, swipe left on the Send button. Tap Request. As you start to accumulate money on the Apple Cash card, you may want to move it to a debit card or a bank account . This can be done by going to the same place where you added funds to the card, by clicking the icon with three dots next to your digital card. Related Articles Technology | Home entertainment holiday gift ideas at a discount Technology | Are you tracking your health with a device? Here’s what could happen with the data Technology | How to get started with Bluesky Technology | US gathers allies to talk AI safety. Trump’s vow to undo Biden’s AI policy overshadows their work Technology | Trump team is seeking to ease US Rules for self-driving cars Enter an amount to be transferred, then tap Next. You’ll be asked whether you want to do an instant transfer (for a 1.5% fee) or a transfer in one to three business days for free. After making a selection, the screen will instruct you to set up a bank account if you don’t already have one set up. You’ll confirm the payment, and the transfer is initiated. Instant transfers can only be made to an eligible debit card, not a bank account. Money is sent within 30 minutes when you select instant transfer. —Zelle: If your bank is offers Zelle, it might be a good idea to take advantage of the P2P payment service. Zelle can be accessed directly from your bank’s mobile app, and it allows you to send instant transfers at no extra cost. —Venmo: Anyone can use Venmo, as long as they’ve downloaded the app. Unlike Apple Cash or Zelle, it’s a standalone P2P payment app. Venmo comes with a social element — users can follow each other and add fun emojis to their payments, although they can also keep their account activity private. —PayPal: This P2P payment service is a good option if you want to send money internationally. It also offers a PayPal Debit card, which, like the Apple Cash card, can be used to make purchases online or in stores. —Samsung Pay Cash: Samsung device users can use this option instead of Apple Cash. Similar to Apple Cash, it is a digital wallet that you can access from a Samsung mobile device. However, to take full advantage of Samsung Pay Cash, users will need to undergo an extra registration process to upgrade to a Full Card Account. Apple Cash makes it easy for Apple device users to send money to each other. Users can simply tap the Apple Cash icon in their text messages to send money through iMessage. It can also be used as an extra repository for spending money and can be used for purchases anywhere Apple Pay is accepted. With that said, only Apple device users can send and receive money using Apple Cash, so those looking for a more universal payment service may want to consider other P2P payment apps . ©2024 Bankrate.com. Distributed by Tribune Content Agency, LLC.
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SAN FRANCISCO, Dec. 05, 2024 (GLOBE NEWSWIRE) -- HashiCorp, Inc. (NASDAQ: HCP), The Infrastructure CloudTM company, today announced financial results for its third quarter of fiscal 2025, ended October 31, 2024. “The HashiCorp team delivered strong performance during the third quarter of fiscal 2025, with revenue growth of 19% year-over-year, and 8% growth in $100,000 customers year-over-year” said Dave McJannet, CEO, HashiCorp. “This quarter we gathered our community of customers, practitioners, and partners at HashiConf in Boston, where we announced critical updates across Infrastructure and Security Lifecycle Management product lines, and also continued work towards closing the company's transaction with IBM.” "HashiCorp continued to see promising growth in adoption of the HashiCorp Cloud Platform, with cloud revenues exceeding 17% of total subscription revenue this quarter" said Werner Schwock, Interim CFO & CAO. "New HashiCorp Cloud Platform features announced this quarter will continue to support our Infrastructure Cloud vision.” Proposed Merger with International Business Machines ("IBM") As announced on April 24, 2024, HashiCorp and IBM have entered into a merger agreement under which IBM will acquire HashiCorp for $35.00 per share in cash, representing an enterprise value of $6.4 billion. HashiCorp stockholders approved the merger agreement on July 15, 2024. The transaction is expected to be completed in the first calendar quarter of 2025, subject to the satisfaction or waiver of the closing conditions in the merger agreement. In light of the proposed transaction with IBM, HashiCorp will not be holding a conference call to discuss financial results or providing financial guidance in conjunction with its third quarter of fiscal 2025 earnings release. Fiscal 2025 Third Quarter Financial Results Revenue: Total revenue was $173.4 million in the third quarter of fiscal 2025, up 19% from $146.1 million in the same period last year. Gross Profit: GAAP gross profit was $143.6 million in the third quarter of fiscal 2025, representing an 83% gross margin, compared to a GAAP gross profit of $120.5 million and an 82% gross margin in the same period last year. Non-GAAP gross profit was $148.4 million in the third quarter of fiscal 2025, representing an 86% non-GAAP gross margin, compared to a non-GAAP gross profit of $125.4 million and an 86% non-GAAP gross margin in the same period last year. Operating Income (Loss): GAAP operating loss was $29.9 million in the third quarter of fiscal 2025, compared to GAAP operating loss of $55.6 million in the same period last year. Non-GAAP operating income was $11.0 million in the third quarter of fiscal 2025, compared to a non-GAAP operating loss of $10.5 million in the same period last year. Net Income (Loss): GAAP net loss was $13.0 million in the third quarter of fiscal 2025, compared to a GAAP net loss of $39.5 million in the same period last year. Non-GAAP net income was $26.9 million in the third quarter of fiscal 2025, compared to a non-GAAP net income of $5.6 million in the same period last year. Net Income (Loss) per Share: GAAP basic and diluted net loss per share was $0.06, based on 203.5 million weighted-average shares outstanding in the third quarter of fiscal 2025, compared to a GAAP net loss per share of $0.20 based on 194.6 million weighted-average shares outstanding in the same period last year. Non-GAAP basic and dilutive net income per share were both $0.13, based on 203.5 million and 211.7 million weighted-average shares outstanding, respectively, in the third quarter of fiscal 2025, compared to a non-GAAP basic and diluted net income per share of $0.03 in the same period last year. Remaining Performance Obligation (RPO): Total RPO was $775.4 million at the end of the third quarter of fiscal 2025, up from $678.2 million in the same period last year. The current portion of GAAP RPO was $481.4 million at the end of the third quarter of fiscal 2025, up from $402.1 million at the end of the same period last year. Total non-GAAP RPO was $795.6 million at the end of the third quarter of fiscal 2025, up from $700.4 million at the end of the same period last year. The current portion of non-GAAP RPO was $499.4 million at the end of the third quarter of fiscal 2025, up from $420.8 million at the end of the same period last year. Cash, cash equivalents, and investments: Net cash provided by operating activities was $38.2 million in the third quarter of fiscal 2025, compared to $8.7 million provided by operating activities in the same period last year. Cash, cash equivalents and short-term investments totaled $1,346.4 million at the end of the third quarter of fiscal 2025, compared to $1,255.7 million at the end of the same period last year. Reconciliations of GAAP financial measures to the most comparable non-GAAP financial measures have been provided in the tables included in this release. Fiscal 2025 Third Quarter and Recent Operating Highlights About HashiCorp, Inc. HashiCorp is The Infrastructure CloudTM company, helping organizations automate multi-cloud and hybrid environments with Infrastructure Lifecycle Management and Security Lifecycle Management. HashiCorp offers The Infrastructure Cloud on the HashiCorp Cloud Platform (HCP) for managed cloud services, as well as self-hosted enterprise offerings and community source-available products. The company is headquartered in San Francisco, California. For more information, visit hashicorp.com . All product and company names are trademarks or registered trademarks of their respective holders. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Act of 1995, as amended, including, among others, statements about HashiCorp’s business strategy, go-to-market initiatives, revenue growth, and long-term opportunity related to HashiCorp’s product innovation, and the proposed merger with IBM. In some cases you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “likely,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will,” “would,” or similar expressions and the negatives of those terms. Such statements are subject to numerous important factors, risks and uncertainties that may cause actual events or results to differ materially from current expectations and beliefs, including but not limited to risks and uncertainties related to market conditions, HashiCorp and its business as set forth in our filings with the Securities and Exchange Commission (“SEC”) pursuant to our Annual Report on Form 10-K dated March 20, 2024, Quarterly Report on Form 10-Q dated December 5, 2024, and our future reports that we may file from time to time with the SEC. These documents contain and identify important factors that could cause the actual results for HashiCorp to differ materially from those contained in HashiCorp’s forward-looking statements. Any forward-looking statements contained in this press release speak only as of the date hereof, and HashiCorp specifically disclaims any obligation to update any forward-looking statement, except as required by law. Use of Non-GAAP Financial Measures In addition to our results determined in accordance with GAAP, we have disclosed non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating loss, non-GAAP net loss, non-GAAP net loss per share, non-GAAP free cash flow and total and current non-GAAP RPOs, which are all non-GAAP financial measures. We have provided tabular reconciliations of each non-GAAP financial measure to its most directly comparable GAAP financial measure at the end of this release. We calculate non-GAAP gross profit as GAAP gross profit before amortization of stock-based compensation included in the amortized expenses of capitalized internal-use software, stock-based compensation expense, and amortization of acquired intangibles included in cost of revenue. We calculate non-GAAP gross margin as GAAP gross margin before the impact of stock-based compensation of capitalized internal-use software, stock-based compensation expense and amortization of acquired intangibles included in cost of revenue as a percentage of revenue. We calculate non-GAAP operating loss as GAAP operating loss before amortization of stock-based compensation of capitalized internal-use software, stock-based compensation expense, amortization of acquired intangibles, and merger and acquisition-related expenses. We calculate non-GAAP net income (loss) as GAAP net loss before amortization of stock-based compensation of capitalized internal-use software, stock-based compensation expense, amortization of acquired intangibles, and merger and acquisition-related expenses, which comprise one-time costs associated with advisory, legal, and other professional fees, net of tax adjustments. We calculate non-GAAP net income (loss) per share as non-GAAP net income (loss) divided by weighted average shares outstanding (basic and diluted). We calculate non-GAAP free cash flow as net cash provided by (used in) operating activities less purchases of property and equipment and capitalized internal-use software costs. Non-GAAP free cash flow as a % of revenue is calculated as non-GAAP free cash flow divided by total revenue. We calculate non-GAAP RPOs as RPOs plus customer deposits, which are refundable pre-paid amounts, based on the timing of when these customer deposits are expected to be recognized as revenue in future periods. The current portion of non-GAAP RPO represents the amount to be recognized as revenue over the next 12 months. Our management team uses these non-GAAP financial measures internally in analyzing our financial results and believe they are useful to investors, as a supplement to GAAP measures, in evaluating our ongoing operational performance. We believe that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing our financial results with other companies in our industry, many of which present similar non-GAAP financial measures to investors. Non-GAAP financial measures have limitations as an analytical tool and should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. In particular, other companies may report non-GAAP gross profit, non-GAAP gross margin, non-GAAP loss from operations, non-GAAP net income (loss), non-GAAP net income (loss) per share, non-GAAP free cash flow, non-GAAP RPOs or similarly titled measures but calculate them differently, which reduces their usefulness as comparative measures. Investors are encouraged to review the reconciliation of these non-GAAP measures to their most directly comparable GAAP financial measures, as presented below. This earnings press release and any future releases containing such non-GAAP reconciliations can also be found on the Investor Relations page of our website at https://ir.hashicorp.com . (1) The adjustments relate to the tax impact of stock-based compensation expense and amortization of acquired intangibles. (1) For the reconciliation of GAAP to non-GAAP for the historical periods presented, refer to our prior earning releases. (2) Amount is less than 1%. (1) For the reconciliation of GAAP to non-GAAP for the historical periods presented, refer to our prior earning releases. Investor Contact HashiCorp ir@hashicorp.com Media Contact Kate Lehman HashiCorp media@hashicorp.comOn Friday, Buff Nation will get its last opportunity to watch two of the greatest players in program history compete on the Folsom Field turf. It won’t be the last time cornerback/receiver Travis Hunter and quarterback Shedeur Sanders play in Colorado jerseys, however. Although there is somewhat of a feel of finality around Friday’s matchup with Oklahoma State (10 a.m., ABC), head coach Deion Sanders said he’s not thinking that way. “No, we got a bowl game,” he said. “I’m pretty sure we secured that weeks ago for (super fan Peggy Coppom).” Yes, at 8-3 (6-2 Big 12), the 23rd-ranked Buffaloes will be going to a bowl game in December. In recent years, however, there have been star players around the country who have opted out of bowls to focus on the NFL Draft. Of course, CU still has a shot to get into the Big 12 title game, win that and earn a spot in the College Football Playoff. Do that, and the star players would certainly suit up and compete for a national title. Yet, even if the Buffs fall short of the CFP, it appears that Shedeur and Hunter will play in a bowl. “(Friday) is not the last time you’re going to see them in a Buff uniform,” Coach Prime said. Friday’s game against OSU (3-8, 0-8) will most likely be the last one for Coach Prime and his sons – Shedeur and safety Shilo Sanders – at Folsom Field, but Coach Prime said he’s not focused on any emotions that could come with that. “I’m focused on winning this last game with my team,” he said. To do that, the Buffs have the turn the page from last Saturday’s 37-21 loss at Kansas – a defeat that may have cost them a spot in the Big 12 title game. Had the Buffs defeated Kansas and then Oklahoma State this week, they would have secured a spot in the Dec. 7 title game. Now, they go into this week needing a win and some help around the conference. “We had an opportunity, we squandered it,” Coach Prime said. “OK, let’s go out here and kick butt and whatever happens happens.” Coach Prime said the Buffs are trying to flush the KU loss and move on, but admitted, “Sometimes it’s little things that creep up on you, you remind yourself of the opportunity you had, and you pray that you still have an opportunity.” All year, Coach Prime has talked about the 2023 season being about instilling hope in the CU program and this year being about expectation. He took over a program that went 1-11 in 2022 and took the Buffs to 4-8 – with several close losses – last year. This year, the Buff raised the bar, which made the loss to Kansas so tough to swallow, but it also provides a spark for this week. “We want to end right,” Coach Prime said. “We have the best fan base, I feel like, in college football, and I’m thankful that they hurt because we’re hurting because they have expectation. ... We instilled hope (last year). Now it’s expectation, and people are frustrated because of the expectation and I like that, and I’m thankful for that. “(Shedeur and Hunter) and all the rest of the seniors have done a wonderful job of getting us to where we are instilling so much expectation in our fan base and expectation in ourselves. So we’re going to fight and try to go out there and kick some butt and end this thing on the right note. And we’re going to go to a bowl game and end this thing on the right note, because our fans deserve the absolute best.”Columnist David Frum slammed the co-hosts of MSNBC’s “Morning Joe” after they clarified a comment he made on the show about Fox News. On Wednesday’s episode of “Morning Joe,” Frum weighed in as a contributor about recent reports about President-elect Donald Trump’s pick for Secretary of Defense, Pete Hegseth. Multiple outlets reported this week that Hegseth’s former colleagues at Fox News raised concerns about his drinking while he was at the network. “If you’re too drunk for Fox News, you’re very, very drunk indeed,” Frum quipped at one point. Later in the program and after Frum had left, co-host Mika Brzezinski issued a statement to clarify the remarks. “A little bit earlier in this block there was a comment made about Fox News, in our coverage about Pete Hegseth and the growing number of allegations about his behavior over the years and possible addiction to alcohol or issues with alcohol. The comment was a little too flippant for this moment that we’re in. We just want to make that comment as well. We want to make that clear,” she said. Frum then responded to the statement in a piece for “The Atlantic” later on Wednesday, where he described his appearance on “Morning Joe” as an “unsettling experience.” He said after he made the comment about Fox News, a producer told him during an ad break that he opposed that comment. He said that viewers could decide whether he “overstepped the proper limits of television discussion,” before suggesting that the “Morning Joe” co-hosts could use some courage to stand up to Trump. “It is a very ominous thing if our leading forums for discussion of public affairs are already feeling the chill of intimidation and responding with efforts to appease,” he wrote in the piece titled, “The Sound of Fear on Air.” “I write these words very aware that I’m probably saying goodbye forever to a television platform that I enjoy and from which I have benefited as both viewer and guest. I have been the recipient of personal kindnesses from the hosts that I have not forgotten,” he continued. “I do not write to scold anyone; I write because fear is infectious. Let it spread, and it will paralyze us all,” he concluded. “The only antidote is courage. And that’s infectious, too.” Brzezinski and co-host Joe Scarborough were criticized for the on-air statement at the time, with some suggesting the pair feared retribution from President-elect Donald Trump. The co-hosts addressed Frum’s piece and the backlash they received on Thursday’s show. “That wasn’t the sound of fear. That was the sound of civility,” Scarborough said. “In saying that Mika had apologized, she didn’t apologize. She simply said it was too flippant.” "That wasn't the sound of fear. That was the sound of civility" -- Joe Scarborough makes an impassioned defense of the decision he and Mika made to defend Fox News from David Frum as well as their meeting with Trump at Mar-a-Lago pic.twitter.com/Cz0h0kfAvn He went on to reiterate that he is not “fearful.” “You can’t be fearful. Just because some people have said that we are fearful. Let me tell you something, you can talk to anybody that has worked in the front office of NBC and MSNBC over the past 22 years. I tell you, I’m not fearful. If you talk to anybody served with me in congress, they will tell you, not fearful of leadership. Now? Not fearful,” Scarborough said. He also said that they did not issue an apology and that they invited Frum again to the show to discuss the comments. A vice president of communications for NBC News also issued a statement about the situation on Wednesday. “Joe and Mika have consistently expressed their strong reservations and perspectives regarding Pete Hegseth’s nomination from the very beginning, and that stance remains unchanged. We would have responded in the same manner regardless of when these comments were made or what news organization was referenced. We have great respect for @davidfrum and his contributions; he is a valued member of the @Morning_Joe family,” Richard Hudock said in a statement posted to X. “We invite him to join us tomorrow to discuss this topic and other pressing news stories of the day,” he added. Stories by Lauren Sforza GOP senator on vetting Trump nominees: ‘Not our job!’ Trump assassination hearing explodes in chaos: ‘You are way out of line!’ Eliminating the penny? Democrat governor proposes new idea for Trump’s DOGE Our journalism needs your support. Please subscribe today to NJ.com .
Rachel Reeves urged business chiefs to judge her on her ability to deliver economic growth as she faced claims she was treating firms as a “cash cow” by hiking taxes. The Chancellor acknowledged she had received a lot of “feedback” over the Budget , which included £40 billion of tax increases, but insisted no-one had presented a “credible alternative” to her plan. In an attempt to reassure firms she would not repeat the tax raid, Ms Reeves told the Confederation of British Industry (CBI) annual conference the Budget had “wiped the slate clean” and public services would now have to live within their means. Her appearance at the conference in central London followed public criticism by the CBI’s chief executive Rain Newton-Smith and chairman Rupert Soames over the increase in hiring costs caused by rising minimum wage rates and a £25 billion annual increase in employers’ national insurance contributions (NICs) announced in the October 30 Budget. The Chancellor said: “I’m not immune to the challenges that businesses face, including the challenges from higher taxes. But the alternative was instability hanging over us for another year.” Ms Reeves told bosses at the conference: “I’ve had lots of feedback on the Budget, but what I haven’t heard is any credible alternative to what I did to put our public finances on a firm footing.” But she insisted that “businesses can now be certain that we’re never going to have to do a budget like that again” and “public services now need to live within the means that we’ve set”. The Chancellor insisted that stabilising the public finances and increasing investment would create the conditions for growth, along with measures such as the Government ’s promised planning reforms. “I want you to judge this Government on our number one mission, which is to bring growth back to the UK economy,” Ms Reeves said. “We can’t do that overnight. If I promised that during the election campaign, if I promised that in my first couple of months in the job, you’d say that’s unrealistic. “But over this Parliament we’re going to return investment, we’re going to return growth to the economy, because in the end that’s the only way to ensure that Britain is competitive and to ensure that we punch our weight in the world and to improve living standards for working people and to properly fund the public services that I want to see improved as well.” But business leaders sounded the alarm over the damage the increase in NICs would do to jobs, growth and investment. Ms Newton-Smith said: “The rise in national insurance, the stark lowering of the threshold, caught us all off guard. “Along with the expansion and the rise of the National Living Wage – which everyone wants to accommodate – and the potential cost of the Employment Rights Bill, they put a heavy burden on business.” A CBI survey of 266 firms found 62.4% were likely to reduce the number of new hires as a result of the NICs increase, while almost half – 48.1% – said they would reduce their current headcount. Mr Soames said: “There is no doubt here that in this Budget business has been milked as the cash cow.” He added: “At the moment, there are doubts that the dots of Government policy join up. “This week, the Department for Work and Pensions is going to produce a paper setting out actions to help get a meaningful number of the nine million (jobless people) back into work. “But at the same time, we have a Budget which makes employing people, particularly the young, part-time and low paid, much more expensive. “And we have an Employment Rights Bill which makes employing people much more risky and an adventure playground for lawyers.” Meanwhile, the boss of Hobnob biscuit maker McVitie’s parent company Pladis said it is getting “harder to understand” the case for investing in the UK amid too much Government focus on new industries at the expense of existing ones. Salman Amin said: “What strikes me is that in the race to grow, we seem to be turning our backs on the industries which have built Britain for decades.” Shadow chancellor Mel Stride said: “Labour’s national insurance jobs tax will punish businesses across the country – making it harder for them to create jobs, driving down wages and discouraging investment. “Thanks to Labour’s choices, independent forecasts are predicting growth slowing, inflation rising and borrowing soaring. “It is clear all Rachel Reeves has delivered so far is a litany of broken promises.”
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