Resource KT Thu, 16 Sep 2021 03:19:54 +0000 en-US hourly 1 Resource KT 32 32 FlexShares – FlexShares Morningstar Emerging Markets Factor Tilt Index Fund (TLTE) gains 0.37% on high volume on September 15 Thu, 16 Sep 2021 01:40:00 +0000

FlexShares Trust – The FlexShares Morningstar Emerging Markets Factor Tilt Index Fund (NYSE: TLTE) gained to close at $ 62.96 on Wednesday after gaining $ 0.2324 (0.37%) on volume of 21,935 shares. The stock ranged from a high of $ 63.00 to a low of $ 62.49, while the market cap of the FlexShares – FlexShares Morningstar Emerging Markets Factor Tilt Index Fund now stands at $ 333,672,163.

See the profile of the FlexShares Trust – FlexShares Morningstar Emerging Markets Factor Tilt Index Fund for more information.

About the New York Stock Exchange

The New York Stock Exchange is the largest stock exchange in the world in terms of market value with more than $ 26 trillion. It’s also the leader in initial public offerings, with $ 82 billion raised in 2020, including six of the seven biggest tech deals. 63% of PSPC proceeds in 2020 were raised on the NYSE, including the six biggest deals.

To get more information on FlexShares Trust – FlexShares Morningstar Emerging Markets Factor Tilt Index Fund and to follow the latest company updates, you can visit the company profile page here: FlexShares Trust – FlexShares Morningstar Emerging Markets Emerging Markets Factor Tilt Index Fund’s Profile. For more information on the financial markets, be sure to visit Equities News. Also, don’t forget to sign up for the Daily Fix to get the best stories delivered to your inbox 5 days a week.

Sources: The chart is provided by TradingView based on 15 minute lag prices. All other data is provided by IEX Cloud as of 8:05 p.m. ET on the day of publication.

The views and opinions expressed in this article are those of the authors and do not represent the views of Readers should not take the author’s statements as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please visit:

Consumer Brands Association urges White House for clarity on vaccine mandates

Freshworks targets $ 9 billion IPO valuation in the upper deposit range

Fauci supports mandate of COVID-19 vaccine for all domestic air travel

Unemployment claims drop to 310,000 – lowest in nearly 18 months

200 Westerners on a Qatar Airways flight from Kabul

Pennsylvania Republican lawmakers launch election integrity inquiry

President Biden and Congressional Democrats push for civilian climate body

Biden administration to unveil plan to cut prescription drug prices under Medicare

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Alpha Architect Etf – Alpha Architect Value Momentum Trend ETF (VMOT) gains 1.30% on moderate volume on September 15th Thu, 16 Sep 2021 01:40:00 +0000

Today, Alpha Architect Etf Trust – Alpha Architect Value Momentum Trend ETF Inc (CBOE: VMOT) stock gained $ 0.366, an increase of 1.30%. Alpha Architect Etf – The Alpha Architect Value Momentum Trend ETF opened at $ 28.23 before trading between $ 28.59 and $ 28.23 throughout Wednesday’s session. The activity saw the market cap of Alpha Architect Etf – Alpha Architect Value Momentum Trend ETF rise to $ 48,897,450 on 341 stocks – below their 30-day average of 4,062.

Visit Alpha Architect Etf Trust – Alpha Architect Value Momentum Trend ETF for more information.

About CBOE Global Markets

CBOE operates the largest options exchange and the third largest in the United States. volume.

To get more information on Alpha Architect Etf Trust – Alpha Architect Value Momentum Trend ETF and keep up with the latest company updates, you can visit the Company Profile page here: Alpha Architect Etf Trust – Alpha Architect Value Momentum Trend ETF’s Profile. For more information on the financial markets, be sure to visit Equities News. Also, don’t forget to sign up for the Daily Fix to get the best stories delivered to your inbox 5 days a week.

Sources: The chart is provided by TradingView based on 15 minute lag prices. All other data is provided by IEX Cloud as of 8:05 p.m. ET on the day of publication.

The views and opinions expressed in this article are those of the authors and do not represent the views of Readers should not take the author’s statements as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please visit:

Consumer Brands Association urges White House for clarity on vaccine mandates

Freshworks targets $ 9 billion IPO valuation in the upper deposit range

Fauci supports mandate of COVID-19 vaccine for all domestic air travel

Unemployment claims drop to 310,000 – lowest in nearly 18 months

200 Westerners on a Qatar Airways flight from Kabul

Pennsylvania Republican lawmakers launch election integrity inquiry

President Biden and Congressional Democrats push for civilian climate body

Biden administration to unveil plan to cut prescription drug prices under Medicare

Will money from stock sales hurt Social Security and Medicare? Thu, 16 Sep 2021 01:31:30 +0000

Q. If you trade stocks and have capital gains, or sometimes losses, after you retire and only one spouse trades, how does that affect your social security and insurance costs? sickness ? We file our taxes jointly.

– Trader

A. We are happy that you are asking the question.

Let’s start with Social Security.

If you’re already retired and receiving Social Security benefits, the amount of other unearned income has no impact on Social Security benefits, said Brian Scheiss, certified financial planner at Modera Wealth Management in Westwood.

In other words, there is no threshold at which other unearned income reduces social security benefits in retirement, he said.

But a couple’s combined income can affect the amount of the benefit that is taxed.

Couples filing joint income tax returns will pay taxes on up to 85% of their combined Social Security benefits if their combined income is over $ 44,000 in 2021, Scheiss said.

If the combined income is between $ 32,000 and $ 44,000, only 50% of their benefits will be taxed, he said, while if the combined income is less than $ 32,000, none of their benefits will be taxed. imposed.

Combined income is your adjusted gross income plus tax-free interest plus half of your total Social Security benefits, he said.

Premiums for Medicare Part B and D increase with higher earnings, Scheiss said.

Premiums increase at certain levels when modified adjusted gross income (MAGI) exceeds certain thresholds. The higher premiums are called the monthly income-related adjusted amount.

However, he said, those cutoffs are based on combined income and both spouses’ Medicare premiums will be affected.

“Income from capital gains and other sources can impact health insurance premiums, but it doesn’t matter if one or both spouses are in the business,” he said.

Email your questions to

Karin Price Mueller writes on Bamboo column for NJ Advance Media and is the founder of Follow NJMoneyHelp on Twitter @NJMoneyHelp. Find NJMoneyHelp on Facebook. Sign up for‘s weekly electronic newsletter.

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Profiling of foreign coaches vying to replace CK Akonnor Wed, 15 Sep 2021 11:18:54 +0000

It has been more than 20 hours since CK Akonnor’s sacking as head coach of the Black Stars, and with the team still battling for a place in the 2022 World Cup, the Ghana Football Association (GFA) has sanctioned a 3-member committee to lead a search for a new leader of the Black Stars.

As fate wills it, media speculation and fan arguments seem to increase the committee’s search for a new Black Stars head coach.

Over the past three years, the local coaching bandwagon has been successful in its campaigns, with the last two head coaches of the senior national team being of Ghanaian descent.

However, the exit since the advent of the local coaches has not justified the cries for their nominations and now more and more Ghanaians are opening up to the prospects of foreigners leading the Black Stars.

Within the 36-hour window, media are suggesting that foreign managers such as Lucien Favre, Alain Jean Giresse and Francisco Guidolin have applied to take over the Black Stars job. Other names like Hervé Renard and George Boateng all popped up in the conversation.

Local names like Ibrahim Tanko, Samuel Boadu and others have also emerged as favorites for the post, but the track record established by Kwesi Appiah and CK Akonnor leaves these personalities on a tight rope to secure a date. To be honest, what the Black Stars need right now is proven leadership and experience.

It is difficult to mention which local coach has proven himself on the big stages and therefore should be given the position of Black Stars. All the signals point in the direction of the committee which is looking beyond the coast of Ghana, as it should.

Putting the current situation of the Black Stars and the politics surrounding the team into perspective, a local coach will only expand the intrusion of the GFA and other individuals into the affairs of the team.

Among the names speculated as candidates for the role are some with some personalities who, once named, will do the Black Stars a lot of good.

Herve Renard

With two African Cup of Nations (CAN) titles to his credit, the Frenchman will obviously be one of the most qualified personalities for this position of Black Stars. He remains the only coach to have won two CAN titles with two different teams.

His first victory came in 2012, where he guided Zambia to the title and three years later he repeated the feat with Côte d’Ivoire, a country which for 23 years had struggled to replicate its feat. from 1992.

He took over the Moroccan national team in 2016 and despite a disappointing CAN campaign in 2017, he led the Atlas Lions to the Russian edition of the World Cup after a two-decade absence from competition.

He was appointed head coach of LOSC Lille in Ligue 1 in 2015, but could not leave a mark on the side that requested his dismissal after just 5 months.

However, during his managerial career, Renard oversaw 206 games and recorded 83 wins, 57 draws and 66 losses. To support his cause, Renard has experience with the Black Stars, following his bondage as one of Claude Le Roy’s assistants in 2008.

Renard in his career has often favored the exploitation of a 4-2-3-1, a system that could bode well for the Black Stars with players like Iddrisu, Partey and Kudus who will be very good options for them. roles number 6, 8 and 10. respectively.

Removing him from Saudi Arabia where he had 10 wins in 14 matches will be a Herculean task for the GFA, with the Frenchman apparently receiving a salary of $ 100,000 a month.

Recent Black Stars coach Akonnor signed a contract worth $ 25,000 a month, with reports in March of this year revealing that he had gone 12 months without receiving his salary.

Lucien Favre

The Swiss has been reported as one of many overseas managers who submitted nominations for the vacant Black Stars head coach position. The 63-year-old has a lot of European pedigree, following his Borussia Mönchengladbach, Nice and Borussia Dortmund.

Despite his rich managerial CV, he has not coached any team at the international level. Nonetheless, that shouldn’t be a stumbling block with the qualities he has exhibited throughout his career.

He is credited with diverting Borussia Monhengladbach and Hertha Berlin from the back seats of the Bundesliga. In their first season with Dortmund, the club narrowly missed the title to eternal winners Bayern Munich by just two points – the first time since 2010, when Dortmund won the title, a club had pushed Bayern to the end in one season.

During his stint at OGC Nice, he brought the club back to the UEFA Champions League after their 37-year absence.

Profiling of foreign coaches vying to replace CK Akonnor

Besides his tactical ability, the Swiss are also proficient at dealing with young players, with a world-renowned ability in player development still in development, a scenario that is still under development for the Black Stars, with players like Mohammed Kudus, Kamaldeen Sulemana and others. The Swiss are credited with the development of German striker Marco Reus during his time at Mönchengladbach.

During his tenure as manager, he was inclined to use more of a 3-4-2-1 system. Jordan Ayew under Akonnor has always been played as a lone striker in a 4-2-3-1, a position that has proven to be his weakness. A 3-4-2-1 will see him operate in the half-spaces behind a more traditional striker, making the most of a player who has been a regular on the team.

Besides Jordan, players like Partey will be very comfortable in a double midfield pivot and best of all, the Black Stars defense which hasn’t been the best in a very long time will have the security it needs.

Favre is no stranger to 4-2-3-1 either. In his last job in Dortmund, he was making around $ 4.8 million a year.

In 794 matches, he has 387 wins, 173 draws and 234 defeats. He won the German Supercup once, the Swiss Championship and the Swiss Cup four times in total.

Alain Jean Giresse

The Frenchman has traveled extensively on the African football pitch, with managerial positions in Mali, Senegal and Tunisia.

In addition to his African experience, he has a European pedigree after leading PSG to the Trophée des Champions in 1998. His time at PSG was sandwiched by two stints in Toulouse in the French Ligue 2. Besides the triumph of the 1998 Champions Trophy, he also guided Morocco FAR Rabat to the Throne Cup in 2003.

In 2012, Giresse guided Mali to beat Ghana to third place in the AFCON tournament hosted by Gabon and Equatorial Guinea. It was Mali’s best result in a CAN tournament after finishing second in 1972.

Profiling of foreign coaches vying to replace CK Akonnor

He was reappointed in 2015, but largely failed during this second period, Mali having left the edition of CAN 2017 in the group stage. However, he recorded 8 wins and 5 losses in 18 games after his renewal.

In his last posts in Mali and Tunisia, Giresse has largely alternated a 4-2-3-1 and a 4-3-3. Systems that could prove effective for the Black Stars. In a 4-3-3 with quick wingers like Yaw Yeboah and Sulemana, feeding off Kudus and Partey in midfield, the Black Stars can be a deadly threat to their opponents.

He earned $ 27,863 per month working in Mali before moving to Tunisia. It is reported that he was earning $ 25,000 per month in Tunisia.

The Black Stars are still hoping for a place at the 2022 World Cup, despite South Africa claiming the top spot. On October 12, the Black Stars will have a new head coach and assistants ready to take on a new Zimbabwean side, which have also just sacked their head coach.

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Uncertainty in Guinea after the military coup that rules out Alpha Condé | Guinea News Sat, 11 Sep 2021 20:08:00 +0000

Guinean leader Alpha Condé used to tell journalists that he was the only one who could run the country. He would also say that the military would not overthrow him.

Sunday, he was wrong.

An elite special forces unit stormed the presidential palace in the capital, Conakry, detaining the 83-year-old president. A few hours later, the coup leader, Colonel Mamady Doumbouya, appeared on state television station Radio Télévision Guinéenne, draped in the Guinean flag, presenting himself to the surprised Guineans as the country’s new leader.

The coup in Guinea left the country in limbo, prompted the threat of sanctions from the West African economic bloc and saw the price of aluminum reach its highest level in more than a decade. Guinea is the world’s largest producer of bauxite, a mineral used to make aluminum.

Regional leaders immediately condemned the seizure of power, urging the coup plotters to restore constitutional order and release Condé.

In Conakry, the new military leaders were quick to try to reassure the political and economic players of their good intentions.

A government of national unity would be put in place to lead the transition to civilian rule, Doumbouya told members of the overthrown government on Monday.

The new management would honor mining contracts, urging companies to continue operating, he said. The land and sea borders that were closed at the time of the takeover reopened in less than 24 hours.

However, this did not convince the regional bloc of the Economic Community of West African States (ECOWAS), which suspended Guinea from all its decision-making bodies. Two days later, the African Union followed suit.

Condé became Guinea’s first democratically elected leader in 2010, his victory seen as ending decades of authoritarian rule by the country’s two first presidents, Sékou Touré and Lansana Conté, who served for 26 and 24 respectively. years.

Condé was re-elected for a second term in 2015. But he became increasingly hated when he passed a constitutional referendum, backed by Russia, which, according to Condé, saw him run for a controversial third term in of the October 2020 elections, which he won.

Sidy Yansane, journalist and analyst in Conakry, said Condé caused the fall himself.

“Condé was very unpopular, although people still voted for him. With the third term, Condé has gone too far, ”he said by telephone.

Questions are looming

In his address to the nation on Sunday, Doumbouya said Condé’s impeachment was necessary and went on to blame his leaders for Guinea’s poverty, corruption, bad government and lack of development. Doumbouya said reform of the country’s system of government and institutions was desperately needed.

“If you see the state of our roads, of our hospitals, you realize that it is time for us to wake up,” said Doumbouya. What he did not say is when a transitional government could be put in place.

“Right now people are just happy to see Condé gone,” Yansane said. “But very soon they will need to see actions from the junta; signs that things are about to change, including a timeline for a transition.

Residents cheer on army soldiers after the uprising that led to the overthrow of President Alpha Condé in the Kaloum neighborhood of Conakry, Guinea [File: Souleymane/Reuters] Camara

So far, Sunday’s coup has met with minimal resistance. Jubilant crowds greeted the coup plotters as they passed through Conakry earlier this week.

Sally Bilaly Sow, blogger and activist, 29, said the coup could be an opportunity to reform and restructure state institutions.

“The important thing now is not to rush. To give an interim leadership enough time for reforms and to prepare for new elections, ”Sow said by phone from Conakry.

Cellou Dalein Diallo, Condé’s lone challenger in the opposition boycotted 2020 polls, said he was open to participating but would not set an end date for a transition and return to civilian rule.

The coup in Guinea is the fourth military takeover in West Africa this year after two coups d’état in neighboring Mali – the second in May – and a questionable succession in Chad raising fears of a democratic retreat in the country. the region.

In Mali, the army-led interim government is behind an 18-month schedule for general elections that are expected to return the country to civilian rule.

In Chad, President Mahamat Deby, who succeeded his father Idriss Deby in April, does not seem in a rush to hand power over to a civilian government.

An ECOWAS delegation that visited Conakry on Friday said its first encounters with the coup plotters had been “positive”.

The delegation also met Conde, said ECOWAS Commission President Jean-Claude Kassi Brou, calling the ousted leader a “former president” indicating that the regional bloc would not call for his reinstatement.

Deal with Marc Gasol exacerbates a serious pre-existing problem for the Lakers: their lack of negotiable salary Sat, 11 Sep 2021 17:08:45 +0000

The Lakers never seemed to fully appreciate what Marc Gasol brought to court. They signed him to shoot, pass and play smart defense, but despite doing exactly those things, they’ve now replaced him with questionable fits on several occasions. The Andre Drummond saga was well documented, and while it’s not clear whether the addition of DeAndre Jordan was a reaction to Gasol’s desire to return to Spain or what motivated him in the first place, it is worth considering note that Gasol has publicly committed to return. to the Lakers in August, before Jordan was pictured.

But for a Lakers team that is certain to close with Anthony Davis at the center of the playoffs, Gasol’s value on the field in the playoffs was pretty minimal. He will be 37 in January and Phoenix brutally targeted him in pick-and-roll in the first round. As comfortable as his shots and passes would have been alongside Russell Westbrook, the Lakers really only lose about 15 minutes per game giving it away. It probably won’t make the difference between winning a championship and losing prematurely, but what Gasol brought to the Lakers on the pitch was ultimately not as valuable as what he could have done for them. Gasol was one of the Lakers’ most important trading chips.

No, this does not mean that Gasol had substantial commercial value. The Lakers gave the Grizzlies a second-round pick to take it on. But the Lakers have an extremely unorthodox salary structure. Ignoring dead money, over 81% of their team pay is spent on three players: Davis, Westbrook and LeBron James. Only five players on the list earn more than minimum wage, the other two being Talen Horton-Tucker ($ 9.5 million) and Kendrick Nunn ($ 5 million). The wisdom of building such a hefty list is questionable, but what isn’t are the limits it places on a front office. When your top three players are functionally non-tradable, it becomes much more difficult to make any kind of meaningful in-season trade with what’s left. Even though the Lakers can use draft picks to convince a rebuilding team to give them an expensive player, they just don’t have much of a way to match that salary to make such a trade legal.

That’s where Gasol comes in. Most of the Lakers’ minimum wage signings will count for just under $ 1.7 million from the cap. This is the minimum wage for a player with two years of NBA experience. Older players earn more, but the NBA refunds teams the difference and does not count it against the cap so as not to discourage them from signing veterans. There is, however, one exception to this rule. When a player signs a multi-year minimum contract, it counts towards the actual amount he receives in the cap. This was the case for Gasol, who signed a two-year contract during the last offseason. That made him count around $ 2.7 million against the cap rather than the roughly $ 1.7 million for all other Laker minimums. He was, in terms of cap, the sixth most expensive Laker even though he was technically doing the minimum.

All this to say that if the Lakers had wanted to make an interesting trade in season, keeping Gasol’s salary would have been useful. Combine the salaries of Gasol and Nunn, for example, and the Lakers could have absorbed a player worth around $ 9.6 million. Under any other minimum player and that number drops to just $ 8.4 million. This difference may seem small, but when you factor in other players and possible cap machinations like stepladder trades, it could be the difference between the Lakers being able to match pay on a 3-and-D wing. precious like Terrence Ross and not being able to do it. It is reasonable to assume that the Lakers are considering transactions of this nature because J. Michael, then of the Indianapolis Star, recently reported that they are interested in Jeremy Lamb and his salary of $ 10.5 million. Yet they have actively made such an acquisition more difficult by delivering Gasol now.

So why did they do it? Gasol had an agency here, for example. He could have retired at any time and taken that decision away from them. Out of charity, we might call it a favor to a veteran player. The Gasol family is Lakers royalty thanks to Pau’s tenure in purple and gold. His breakup with the Lakers was not particularly friendly. After a tumultuous season, the Lakers may not have wished for a similar fate for his brother. He probably wouldn’t have been happy to wait in commercial purgatory for a mid-season deal that may never come.

But there was also an undeniable financial element in this decision. Gasol’s move saved the Lakers $ 10 million in luxury wages and taxes, and even though the Lakers sign another veteran to occupy the 14th spot on their list, the demotion of $ 2.7 million de Gasol at $ 1.7 million will still keep those tax savings at around $ 4 million. If they had instead withheld Gasol for the express purpose of trading it later, the cost would have been eight figures. Keep in mind that not only would they have given up on those savings, but they would likely have added a more expensive player than the package they would send overall. In addition to the trade increasing their payroll, they would also have to sign more players to fill vacancies in what would almost certainly have been an imbalanced trade.

It would be unfair to call the Lakers cheap during an offseason in which they acquired the fourth highest paid player in all of basketball, but they have undoubtedly made some financially motivated decisions. Alex Caruso was would be willing to leave money on the table to go back to the Lakers, but they still chose not to re-sign him. Chris Haynes of Yahoo Sports have indicated that they plan to keep their 15th place on the roster open at the start of the season, a move that will ultimately save millions more against the tax. They have access to sources of income that other teams can only dream of, but they currently only have the sixth highest payroll in basketball. Forget about big markets like Brooklyn and Golden State spending too much. At the moment, they’re much closer to the smaller Bucks and Jazz markets. They will have to sign a 14th player to exceed them in salary commitments.

The Lakers could certainly still make a decent-sized trade this season. They could even give themselves a more negotiable salary by re-signing Wes Matthews to a deal worth more than the minimum using his non-bird rights. It just doesn’t seem like the Lakers are willing to make the financial commitments necessary to position themselves for such a move without knowing for sure it’s coming. These budgetary concerns are not necessarily firm. For the good deal, the Lakers might still be willing to add a paycheck. They just don’t seem willing to do it blindly.

Gasol’s decision may not have been in their hands. He might have decided to retire regardless of their movements. They might also have recognized those savings and started the ball rolling by suing Jordan. As the Drummond saga demonstrated, they weren’t exactly in love with his skills. No matter how or why the Lakers decided to trade Gasol on Friday, the likely outcome was a slightly less flexible roster. Unless the Lakers surprisingly lower Matthews above the minimum or add a similarly priced player via the Gasol trade exception generated more than 60 days before the trade deadline, their non-minimum wages to be suspended. in eventual in-season agreements will be Horton-Tucker. and Nunn. That’s it. That doesn’t necessarily rule out trades, but it makes them even more difficult for a team that was in charge at the start. Gasol may not have been a factor for the Lakers in the playoffs. He might not even have been in the rotation. But he was a tool the Lakers could have used to help find someone who might have been. Now he’s not, and the Lakers will have to trust even more who they already have to compensate.

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Democrats offer new $ 12,500 rebate on electric cars, Tesla remains at $ 4,500 disadvantage Sat, 11 Sep 2021 16:14:00 +0000

Democrats have proposed an updated federal electric car incentive package that would go through their $ 3.5 trillion social spending bill.

This would remove the limit on the number of vehicles and replace it with a calendar, introduce a higher payment up to $ 12,500 and make it a point of sale, but there are also new restrictions that would put Tesla at a disadvantage by $ 4,500.

Ever since President Biden took control of the White House and Democrats secured a majority in both the House and Senate, they have made it clear that they plan to reform the federal electric vehicle incentive program. .

The current program has some significant flaws. The main thing is that it caps the tax credit of $ 7,500 to 200,000 electric vehicles per manufacturer.

This puts automakers who were early proponents of electric vehicles at a disadvantage, such as Tesla and GM.

The second biggest problem is that the incentive takes the form of a tax credit of $ 7,500, which requires you to have the equivalent federal tax burden, and it is only applied on your next taxes.

Over the past year, there have been several proposals to reform the EV incentive.

The latest is the Clean Energy for America Act, which would increase the incentive to $ 12,500 and remove the threshold of 200,000 electric vehicles delivered by manufacturers.

Now the House Ways and Means Committee has approved a new version of the EV Incentive Program as part of their $ 3.5 trillion social spending bill.

Here are the main changes:

  • Remove the ceiling of 200,000 vehicles per manufacturer
  • Keep the $ 7,500 New Electric Car Incentive for 5 Years
  • Make the $ 7,500 incentive a point-of-sale rebate instead of a tax credit
    • Electric vehicles with a battery less than 40 kWh are limited to an incentive of $ 4,000
  • Add an additional $ 4,500 for electric vehicles assembled in unionized factories
  • Add an additional $ 500 for electric vehicles using batteries of which 50% of components (including cells) are made in the USA
  • After the first 5 years, the $ 7,500 is only valid for electric vehicles made in the United States and applies for an additional 5 years.
  • They introduce price limits on electric vehicles eligible for incentives:
    • Sedans under $ 55,000
    • SUVs under $ 69,000
    • Trucks under $ 74,000
    • Vans under $ 54,000
  • They also introduce income caps to access incentives, but they are quite high with adjusted gross income of up to $ 400,000 for individuals and up to $ 800,000 for joint filers.

As usual, these terms could change as the bill goes through the legislative process.

Taking Electek

I think these changes are mostly positive. I like the fact that they are giving foreign car manufacturers a grace period. This will be really helpful so as not to slow down the momentum of electric vehicle adoption in the United States.

The 10-year period is more than enough to support the adoption of EV.

As for the price limits, I think they’re pretty high if not a little too high for SUVs and pickups.

My main problem is with the additional incentive of $ 4,500 for electric vehicles coming out of unionized factories.

It has nothing to do with why we should cut down on electric vehicles over fossil fuel powered vehicles.

The reason for this is to take into account the cost to the environment and to health that accompanies the combustion of the gas. It has nothing to do with the fact that the employees who make these vehicles, electric or not, are part of a union.

The most affected company will be Tesla since its employees are not unionized.

I can’t help but think that this is a political movement rather than a pro-environment one, which is disappointing.

However, I’m not going to complain too much as I think $ 7,500 is a lot of money for an EV incentive and $ 12,000 is probably too much in most cases.

The result is truly a $ 4,500 disadvantage for Tesla, which the company will have no problem considering that it still dominates the US market for the past two years at a $ 7,500 disadvantage.

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Supercomputers predict vulnerabilities in rare earths market Wed, 08 Sep 2021 23:53:21 +0000

Supercomputers predict vulnerabilities in rare earths market

A supercomputer at the Argonne National Laboratory

Photo of the Argonne National Laboratory,

This is part 3 of a special 3 part report on the rare earths market.

Researchers at the Argonne National Laboratory are using supercomputers and agent-based models to predict fluctuations in the rare earth elements market.

Events such as mine closures or export embargoes could cut supply and disrupt markets, according to a study titled “Agent-Based Modeling of Supply Disruptions in the Global Rare Earth Market,” first published in the January issue of Resources, Conservation and Recycling.

Rare earth minerals are becoming increasingly important to the global economy and are used in a variety of electronic and military weapon subsystems found in precision guided missiles, radar and engines. reaction. They are relatively common and mined around the world, but China currently has control over their refining. In the past, the nation has threatened to halt exports of refined rare earths during political disputes.

Researchers in a Defense Logistics Agency program analyzed the potential effects of three out-of-supply scenarios for 10 of 17 rare earth elements – along with a handful of associated compounds – to determine the effects on the market. The DLA is obligated to send a report to Congress on rare earth supplies every two years.

They used Argonne’s Global Critical Materials (GCMat) tool, an agent-based model, which is a computational framework to simulate interactions between different entities in a given system.

“If there is a disturbance of rare earth flows from China, it can have significant effects,” said one of the report’s co-authors, Matthew Riddle, deputy energy scientist at Argonne. It can take up to seven years for a mine to come into production, he added.

Allison Bennett Irion, Group Leader, Nuclear / Radiological Proliferation Analysis and Modeling at Argonne and co-author of the report, said: “One area we looked at in the model is… what are the decision points that would make someone want to open or close a mine. The “location of the deposit is a factor and a lot of it comes down to a lot of regulatory elements,” she said in an interview.

“Critical materials are those that we’ve seen disruption in the past and seen can happen quickly, so I think we just have to make sure we understand the market,” she added. .

Riddle said, “With agent-based modeling, we can capture what’s going on in a market with much more fidelity and detail than with other types of modeling. “

In general, the analysis found that under the temporary scenarios – a one-year export halt and a two-year mine closure – the price impacts tended to last for years beyond. the period of disruption. The effects on production, capacity and demand could also last longer.

The GCMat team used the Argonne high-performance computing Bebop cluster at the Laboratory Computing Resource Center to calibrate the model and assess uncertainties over a range of diverse market scenarios.

“Agent-based modeling examines the parameters that trigger decisions, such as whether to open or close a mine, and how those decisions impact the market and the supply chain,” said Irion .

The accessibility of a mine and the types and amounts of elements found in the veins are also factors, she added.

“China – being the biggest player in this space – if it decided to reduce its exports, it would not be an area where someone else in the rest of the world could very quickly close this gap,” he said. she declared.

The largest price increases in response to disturbances have occurred for dysprosium, which is used in high performance magnets, specialty alloys, and other applications. Didymium, which is a mixture of neodymium and praseodymium, has also been found to be subject to price spikes, according to a press release.

Future studies “may examine the facts of additional US production at different stages of the supply chain and where it could make the biggest difference,” said Irion.

The model suggested that some mines that started outside China in response to a disruption likely could not continue to operate once primary supplies were recovered, she said.

The subjects: Department of Defense

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A-Alpha Bio start-up tackles a major protein problem facing large pharmaceutical companies Wed, 08 Sep 2021 23:17:12 +0000

Pharmaceutical and biotech companies looking for new drugs are doing tests along the way to see how proteins interact. Analysis of the protein-protein interaction can reveal how cells communicate, how genes are regulated, and how the immune system identifies and attacks disease, said David Younger, co-founder and CEO of A-Alpha Bio. It is a necessary process but it takes time. For businesses large and small, this usually means testing one protein interaction at a time.

A-Alpha Bio’s technology allows millions of protein interactions to be tested simultaneously. The Seattle-based startup already has a handful of biotech industry partners. She now has $ 20 million to expand the capabilities of the technology and grow the business. The Series A funding round announced on Wednesday was led by Madrona Venture Group; Perceptive Xontogeny Venture Fund and Lux ​​Capital have also invested.

A-Alpha Bio is part of the growing contingent in proteomics, the large-scale study of proteins. This area has become a hot zone for investment. Nautilus Biotechnology was recently made public in a merger deal that earned it $ 350 million. The Seattle-based company technology produces protein landscape maps that provide insight into disease pathways and progression. Seer, based in Redwood City, Calif., Raised $ 55 million last year to support the development of its protein analysis platform. As these companies detect proteins in a sample, Younger said that A-Alpha Bio is working in a different area of ​​proteomics, finding out which proteins bind to each other.

The startup’s approach begins with yeast, the same yeast that is used to make bread and beer. Yeast cells are frequently used in scientific experiments because they have some similarities to human cells and they are highly manipulable. A-Alpha Bio’s technology, called AlphaSeq, is a lab method the company developed to use genetically engineered yeast cells to test millions of protein interactions at the same time.

The methods traditionally used to test for protein interactions come with tradeoffs between quantity and quality, Younger said. To get high-quality results, scientists test two proteins in one experiment. This approach is not scalable. If quantity is the goal, technology platforms from companies such as Adimab and Distributed Bio analyze a large number of proteins. But every measure is shoddy, Younger said.

AlphaSeq was developed to deliver quality and quantity in the same test. The company has focused its research in two areas: the discovery of antibodies and the identification of targets for molecular glues, which are a key part of an emerging therapeutic approach called targeted protein degradation. A-Alpha Bio partners with pharmaceutical companies to help them discover these targets. Publicly disclosed partners include Twist Biopharma, which is a division of South San Francisco-based Twist Bioscience, and Seattle-based Lumen Bioscience.

Younger did not set out to make better antibodies or molecular glues. A-Alpha Bio’s roots stretch back almost a decade to his days as a graduate student at the Institute for Protein Design and the Center for Synthetic Biology at the University of Washington. At the time, he was trying to solve a problem that he and many of his peers were facing. Using computers, it is common for a student to design up to a thousand proteins in a week, or even in a single day.

“Because of the maturity of computer protein design, it has come a long way,” Younger said. “But you still have to test them. This is the bottleneck. It is impossible to test all of these proteins.

Young’s graduate work consisted of developing the platform that would become AlphaSeq. As the research progressed, he was faced with the question of how to maximize his impact. Publishing an article would make the research available for others to pursue. He also thought of laying off research at a company. He chooses a third option: to start a business.

A-Alpha Bio was formed in 2017. The following year, the startup received its first research grant for innovation in small businesses, a phase 1 award for the development of a profiling platform. of drugs using yeast cells. The company’s focus on antibodies and molecular glues stems from the client discovery component of grant preparation. Younger said he and his team had been pressured to go out and talk to as many experts in the pharmaceutical industry as possible to identify the needs of the market. In the case of antibodies, the problem Younger has heard over and over again is that a company may have thousands of drug candidates, but their tools allow them to select only one at a time. Therefore, maybe 10 or less antibodies undergo full testing, as it is simply not possible to test all of them.

Molecular glues are a new area of ​​research for industry as the targeted degradation of proteins is still a new area of ​​research. The technology involves tagging a disease-causing protein for removal by the cell’s integrated machinery to get rid of old or damaged proteins. The challenge is that not all proteins have the affinity to stick to the molecular tag that marks a protein for elimination. This is where molecular glue comes in. A-Alpha Bio received a Phase II grant last year to develop its molecular glue discovery technology.

At the moment, A-Alpha Bio’s technology supports drug research from larger partners. The startup receives an upfront payment under agreements that also commit milestone payments and, when therapy commercializes, royalties on sales. Going forward, Younger sees A-Alpha Bio using its technology to create an internal drug pipeline. In the shorter term, A-Alpha Bio’s research could contribute to the development of drugs against Covid-19. The startup is looking for antibodies that can bind to SARS-CoV-2, research with Lumen supported by a grant from the Bill & Melinda Gates Foundation. A year ago, A-Alpha Bio received a Phase 1 SBIR grant to develop an antibody generation platform for coronavirus variants.

The ability to test millions of protein interactions means that AlphaSeq produces a lot of data. Younger said the next steps for A-Alpha Bio include building capacity to analyze this data. The company aims to use machine learning techniques to predict how proteins interact. Over the next 18-24 months, Younger expects the startup’s workforce of 13 to grow to 50, with many of those hires joining the machine learning and data science team, led by Ryan. Emerson, an adaptive biotechnology veteran.

“Over time, we will accumulate the greatest repository of protein interactions,” Younger said. “As we build this database, we can use tools like machine learning to start making engineered protein interactions a computational problem rather than an experimental problem. “

Photo by Flickr user Roger W via Creative Commons license

The North West Company Inc.Announces Second Quarter Results and Quarterly Dividend Increase Wed, 08 Sep 2021 21:45:00 +0000

WINNIPEG, Manitoba, September 08, 2021 (GLOBE NEWSWIRE) – (TSX: CNO): The North West Company Inc. (the “Company” or “North West”) today announced its unaudited financial results for the second quarter ended July 31, 2021. It also announced that the board of directors has declared a dividend of $ 0.37 per share, an increase of $ 0.01 or 2.8% per share, to shareholders of record on September 30, 2021, payable on October 15, 2021.

“This was another strong quarter, especially given the extraordinary increases in sales and comparable store earnings linked to the pandemic in 2020,” commented President and CEO Dan McConnell. “Our top priority remains focused on the safety and well-being of our customers and employees, and on ensuring that we continue to provide essential products and services that people depend on. The relationships with our suppliers and the agility provided by our freight airline, North Star Air, were key contributors to meeting strong customer demand during the quarter.

The new Delta variant poses constant challenges. Our tourism-dependent markets and other communities we serve with lower vaccination rates have seen some of their biggest increases in COVID-19 cases since the start of the pandemic. The North West Company is doing its part by adapting to changing business conditions to maintain market share gains in 2020, combined with current vaccination rates, the emergence of variants and the reduction of some. stimulus programs in Canada and the United States, it is expected that revenues in 2021 will be higher than pre-pandemic (2019) levels, but lower than 2020. “

Financial Highlights
Second quarter consolidated sales decreased 12.9% to $ 565.1 million, mainly due to the impact of the sale and closure of the Company’s Giant Tiger stores last year , net of the impact of wholesale food sales to Giant Tiger stores sold (the “Giant Tiger Transaction”) and the negative currency impact on the conversion of International Operations sales. On a comparable store basis, sales remained strong with a decrease of only 4.8%1 compared to a 25.4% increase in the second quarter of last year, but was up 21.4% from the second quarter of 2019, as the continued impact of factors related to COVID-19, including including community spending and personal income support, was lower than last year.

Gross margin decreased by 12.8% due to the impact of lower sales partially offset by a 4 basis point increase in gross margin rate compared to last year mainly due to favorable changes in the composition of product sales and lower markdowns and inventory reduction.

Selling, operating and administrative expenses (“fees”) increased $ 1.6 million or 1.2% from the prior year and increased 323 basis points as a percentage of sales in large part due to non-comparable factors which included a pre-tax gain of 24.7 million from the Giant Tiger operation in the second quarter of last year partly offset by changes in stock-based compensation costs. Excluding non-comparable factors, expenses decreased $ 16.4 million and decreased 40 basis points as a percentage of sales, primarily due to lower store expenses related to the Giant Tiger transaction, from a decrease in expenses related to COVID-19, the impact of foreign exchange on the conversion of international operating expenses and the decrease in costs of the annual incentive plan.

Operating income decreased to $ 58.5 million from $ 87.8 million last year, but increased $ 28.9 million from 2019 and earnings before interest, income taxes. profits, depreciation and amortization (“EBITDA2“) decreased to $ 81.1 million from $ 110.9 million last year, but increased $ 29.5 million from 2019. The decrease from windfall profits from the last year is due to the impact of non-comparable factors and lower sales Adjusted EBITDA2, which excludes non-comparable factors, decreased $ 11.9 million from last year, but increased $ 30.4 million or 56.7% from 2019 due to factors of previously mentioned sales, gross margin and expenses.

Net income decreased $ 20.2 million to $ 42.4 million primarily due to non-comparable factors, but increased $ 24.5 million or 136.3% from second quarter of 2019. Net income attributable to shareholders was $ 41.9 million and diluted earnings per share was $ 0.86 per share compared to $ 1.25 per share last year due to of the factors mentioned above, but up from $ 0.35 per share two years ago. Adjusted net profit2, which excludes the after-tax impact of non-comparable factors, decreased $ 5.8 million from exceptionally strong last year net income due to the above factors and the negative impact of foreign exchange on the conversion of net income from international operations, but was up $ 24.0 million or 116.0% from the second quarter of 2019.

Further information on the financial results is available in the company’s second quarter 2021 report to shareholders, the MD&A and the unaudited interim condensed consolidated financial statements which can be viewed in the investors section of the company’s website. at the address

Second Quarter Conference Call

North West will host an earnings conference call on September 9, 2021 at 8:30 a.m. CST. To access the call, please dial 416-406-0743 or 800-898-3989 with access code 8270861. The conference call will be archived and accessible by dialing 905-694-9451 or 800-408 -3053 with an access code 8215499 no later than October 10, 2021.

Notice to readers

Certain forward-looking statements are made in this press release within the meaning of applicable securities laws. These statements reflect North West’s current expectations and are based on information currently available to management. The words can, will, should, believe, expect, plan, anticipate, intend, estimate, predict, potential, continue, or the negative of these terms, identify forward-looking questions. These statements speak only as of the date of this press release. Actual results could differ materially from those anticipated in these forward-looking statements.

Forward-looking statements should not be relied upon because they involve known and unknown risks, uncertainties and other factors, which may cause North West’s actual results, performance, capital expenditures or achievements to differ. materially of the results, performance, capital expenditures or achievements expressed or implied by such forward-looking statements, including the Company’s intentions regarding a normal course issuer bid, the anticipated impact of the COVID-19 pandemic on the operations of the Company and the related business continuity plans of the Company and the achievement of the savings expected from the administrative cost reduction plans. Factors that could cause actual results to differ materially from those stated in forward-looking statements include, without limitation, business performance, fluctuations in interest rates and currency values, legislative developments and regulatory developments, the occurrence of weather conditions – related and other natural disasters, changes in tax laws and the risks and uncertainties detailed in the section entitled Risk Factors in North West’s MD&A and Annual Information Form , both for the fiscal year ended January 31, 2021. The foregoing list is not an exhaustive list of possible factors. These and other factors should be carefully considered, and readers are cautioned not to place undue reliance on these forward-looking statements. North West assumes no obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

Company Profile

The North West Company Inc., through its subsidiaries, is a leading retailer of food and everyday products and services to rural communities and urban neighborhoods in Canada, Alaska, the South Pacific and the Caribbean. North West operates 213 stores under the trade names Northern, NorthMart, Giant Tiger, Alaska Commercial Company, Cost-U-Less and RiteWay Food Markets and has annualized sales of approximately C $ 2.0 billion.

North West’s common shares trade on the Toronto Stock Exchange under the symbol NWC.

For more information, contact:

Dan McConnell, President and CEO, The North West Company Inc.
Telephone 204-934-1482; fax 204-934-1317; email

John King, Executive Vice President and Chief Financial Officer, The North West Company Inc.
Telephone 204-934-1397; fax 204-934-1317; email

1 Excluding currency effect
2 See the Non-GAAP Measures section of the MD&A

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