Event Planer http://eventplaner.net/ Sat, 12 Jun 2021 03:26:41 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 https://eventplaner.net/wp-content/uploads/2021/03/cropped-favicon-32x32.jpg Event Planer http://eventplaner.net/ 32 32 Upside down, not to the brahmins, turn the elections up https://eventplaner.net/upside-down-not-to-the-brahmins-turn-the-elections-up/ Sat, 12 Jun 2021 01:25:23 +0000 https://eventplaner.net/upside-down-not-to-the-brahmins-turn-the-elections-up/

Former Finance Minister Arun Jaitley has repeatedly handled the Uttar Pradesh Assembly polls for the BJP. He has often described the UP political regime as a fluid mass of influential squires and local strongmen who float in search of the best available option to win the next election.

In an environment where victory and not party loyalty becomes the touchstone in the selection of candidates, the party jump is an asset. Diversity, if any, is prominently displayed in the resumes of serious ticket seekers. Political opportunism is not a brake.

So, former trade union minister Jitin Prasada’s leap of faith in the BJP should come as no surprise. For the descendant of the ancient principality of Shahajahapur, this would be the first race outside the fold of Congress.

Prasada is now a member of a new parivaar, a family that is perpetually in electoral mode. The elections in Bengal are over. The second wave of Covid-19 has subsided. The next big test is UP. The enthronement of Prasada in the BJP thus marks the beginning of the electoral season in UP. Listen to the trill of the bugles, see the flag is thrown.

After a series of meetings between the high-ranking officers of the BJP and the RSS, a correction of course seems to have been worked out by the dispensation from power before the elections in Uttar Pradesh. No reshuffle at the top is expected.

But the BJP is ready for battle with a plan of action to solidify its position – both politically and through the distribution and delivery of aid.

Read | The Modi-Yogi dead end in Uttar Pradesh

To save public perception battered by the devastating pandemic, the Yogi government is working on three fronts. It has already distributed free rations to the poor and deployed financial aid of 1,000 rupees for daily bets. A massive vaccination campaign to prevent a new wave of Covid is underway.

Many more projects are probably in the pipeline. But would all of this be enough to save the trail of death and despair?

Here, the scope of political management becomes important.

The performance of a political party in an election – aside from other factors – critically depends on its ability to build social coalitions to mop up a majority of votes in the first past the post system.

In both the 2017 assembly polls and the 2019 LS elections, the BJP won twice as many votes or more than any of its closest competitors. A considerable gap in votes separated him from the Samajwadi Party-Bahujan Samaj Party alliance in the last elections.

The massive advance was due to the BJP’s ability to forge a social alliance between its basic core of upper castes and middle class and middle castes, constituting over 50% of the state’s electorate.

Within this segment, the mobilization of non-Yadav backward landlord castes like the Kurmis and Lodhs has helped the BJP reach a threshold to challenge both the Samajwadi Party (SP) and the Bahujan Samaj Party (BSP).

Read also | Jitin Prasada reveals why he left Congress

The complementary, or incremental, vote, which led to an exponential conversion of votes to seats, came from most backward communities and votes from non-Jatav castes, which were part of the BSP coalition.

Recently concluded panchayat polls indicate that the SP would be the main challenger to the BJP in the 2022 UP elections.

Congress is running out of steam and Mayawati of the BSP has played the role of adviser rather than that of an opposition party.

Akhilesh Yadav’s ability to challenge the BJP would depend on his ability to create a sub-caste coalition within the backward and planned non-owner caste communities.

Kanshi Ram first initiated this experience in the politics of the heart. The former head of the BSP mobilized most of the backward castes (MBC) such as Kushwaha, Maurya, Bind, Nishaad, Koeri, Mallah, Rajbhar, Nenua Chauhan, which form small coherent social blocks classified according to their vocation in the jajmani system.

This formula was then well understood and subsequently imitated by Nitish Kumar in Bihar, who sought to forge a social alliance of Dalits, MBCs and Maha-Dalits with other non-Yadav CBOs.

At UP, however, this amorphous group slowly galvanized around the BJP. The party has made a sustained effort to mobilize these communities. This made Keshav Maurya the Deputy CM in 2017. Swamy Prasad Maurya, BSP’s most vocal MBC leader, is with the BJP.

No political party in the UP has ever given the post of governor to a community leader. Baby Rani Maurya is now the governor of Uttarakhand.

The impact on the ground is visible to everyone.

In Lok Sabha’s last election, Akhilesh Yadav’s cousin and sitting MP Dharmendra Yadav lost to Badaun, whom the SP had won since 1996. The constituency has a high percentage of Yadav and Muslim voters.

The BJP won this seat in the last Lok Sabha elections by fielding Swamy Prasad Maurya’s daughter Sanghamitra. And Dharmendra Yadav lost that seat despite his candidacy as a common candidate of the SP-BSP alliance because a large part of the non-Yadav CBOs turned to the BJP.

The Dalits had BR Ambedkar, but the MBC never had an icon. In 2007, a large section voted for the BSP. In 2012, the SP was able to wean a section. Repelled by the domination of the Jatav in the BSP and the Yadavs in the SP, these communities have been seeking a larger share of the pie since 2014.

The BJP exploited the aspirations of MBCs seeking parity with upward mobility communities like Kurmis and Yadavs, the biggest beneficiaries of the Mandal disruption.

Over the past five years, however, some of these party social groups representing them have found themselves estranged from the BJP. Apna Dal, which has a base of support among the Kurmis east of Lucknow, has no representation on the union council. Its leader Anupriya Patel has since kept a studied silence.

Om Prakash Rajbhar left the NDA in UP. Chandrashekhar Azad Ravan flexes his muscles in western UP.

The Rashtriya Lok Dal and other sub-regional actors are trying to recover from the peasant unrest. The Aam Admi party is also trying to make a foray. He offers to lend weight to the upper and middle castes if he finds space in a non-BJP coalition.

All these parties and other small players are waiting on the sidelines to decide on their future course of action. They will wait a few more months to find out which way the wind is blowing. By October, we’ll have a clearer picture of who’s with whom.

The entry of Jitin Prasada aims to send a message to the main voters of the BJP, i.e. the Brahmins. The real battle for the state, however, will take place on different terrain.

Arrears remain the cornerstone of UP policy, and their mobilization is the key to success in state policy.

Will the Samajwadi party offer an alternative, inclusive and better formula of power sharing to non-Yadav backwards and part of the Dalits?

One of them got a glimpse of Akhilesh Yadav’s intention earlier this year when the SP leader promised to reinstate the reservation of promotions for employees of listed castes if his party returned to power. The SP will need to be more inclusive in its words and actions to get rid of the label of a caste-centric party.

(The writer is a freelance journalist)

Disclaimer: The opinions expressed above are those of the author. They do not necessarily reflect the views of DH.

Source link

Will airlines ever really ban alcohol? https://eventplaner.net/will-airlines-ever-really-ban-alcohol/ Fri, 11 Jun 2021 23:33:10 +0000 https://eventplaner.net/will-airlines-ever-really-ban-alcohol/

On April 1, 2019, long before the alcohol-fueled COVID-19 mask challenge, I wrote, “Drunk and out of control passengers are becoming a real problem, groping and assaulting flight attendants, fighting other passengers and the flight attendants, trying to open the door of the aircraft in mid-flight and attempt to enter the cockpit. The title of the April Fool’s story? “Should airlines consider banning alcohol on planes? ”


Since then, the situation has not improved. Passengers released from COVID-19 “house arrest” have gone wild. A woman literally broke his teeth of a flight attendant from the Southwest. Since February, US airlines have forwarded more than 1,300 unruly passenger reports to the Federal Aviation Agency. Passengers were held on board, planes turned around, police or the FBI arrested or questioned passengers. Delta threatened to be banned from SkyMiles. the Washington post proposed an alcohol ban, despite 70 years serving adult drinks, onbard?

Two years ago it was April Fool’s Day, because

  • Alcohol on board is a valuable perk when traveling in First or Business Class, which pays the bills of most airlines.
  • Alcohol can be both a pacifier and a source of profit in economics; that $ 7 beer on board could cost the airline a dollar.
  • Drinking (in moderation) can help passengers navigate today’s flight conditions.

But bad behavior recently prompted Southwest and American to temporarily cut (not “ban”) alcohol sales. Southwest, like other U.S. airlines, suspended all onboard service at the start of the pandemic. Social distancing and limiting contact between flight attendants and passengers was the idea. The temporary end of in-flight service may have helped – it is believed that the airlines do not be major COVID vectors.

Southwest slowly returned to serving snacks and drinks to passengers. However, “following an increase in in-flight and industry-wide incidents involving disruptive passengers, we have suspended previously announced plans to resume on-board alcohol service.” Southwest currently does not have a timeline for “full restoration of pre-pandemic onboard service”, that is, alcohol.

Such incidents, as Henry H. Harteveldt, president / travel industry analyst at Atmosphere Research Group, says are “why we can’t have nice things.”

At American, a note to flight crews said, “We recognize that alcohol can contribute to atypical behavior on the part of customers on board and we owe it to our crew not to potentially exacerbate what may already be a situation. new and stressful for our customers… American alcohol suspended sales in the main cabin at the end of March 2020, and this service will remain suspended until September 13. ”

It is no coincidence that September 13 is the date the FAA said the the mandate of airplane masks will end. Unfortunately, as many states have already ditched mask mandates, this can lead to a long hot summer on board airlines.


American’s limitation on alcohol service may be more controversial than Southwest’s, where no customer will be served alcohol until the “break” is over. But on American, Premium cabin customers can get “a free drink at the pointed end of the plane,” as Harteveldt puts it.

Unfortunately, this feeds current concerns about “social inequalities”. A Bloomberg opinion piece asserts that the “air rage” is not “about alcohol or reduced legroom”, but is actually caused by class warfare. The article states that a 2016 university study found that “the presence of a first-class section made it 3.84 times more likely that a person in economy class would behave.”


“We’ve all been in the cave too long, and when you come out it’s Lord of the Flies,” says Bryan Del Monte, president of The Aviation Agency. While flying over the last year, senior flight attendants told him, “We are trying to reduce the number of people who are drunk and upset by the mask requirement.”

His modest proposal to limit alcohol-related incidents: cut beverage service. “Catering is a big cost that airlines really hate. With less catering, this is an easy way to increase revenue per flight.

Del Monte says service standards are already low. “Passengers say ‘Oh my God, I have a whole can of soda.’” He notes that smoking is long gone and airlines have banned emotional safety animals, so alcohol might go away as well.


“Airlines are looking for ways to reduce supply chain costs. On domestic flights, you can remove alcohol and quote passenger safety. It’s like the COVID-19 school year; Clearly, Zoom school is not the same as teaching in person, but I haven’t seen a lot of universities paying back. The airline has been using this strategy for years, providing a service where you get less and less for the same price.

Although some carriers (like Emirates internationally and JetBlue and Alaska nationally) try to differentiate themselves based on food and drink offerings, airline food remains a joke staple and costs are high. essential. Harteveldt says, “Jet Blue went from Coke to Pepsi because Coke was too expensive.

Whether alcohol service is a passenger convenience or a profit center is less clear. If a case of Corona beer sells for $ 24 and an airline sells a bottle for $ 6, that might seem like a profit of 500%. But most food and alcohol for airlines is supplied by catering companies. A September 2020 study found that “the global in-flight catering market is expected to reach US $ 22.4 billion by 2025, owing to increasing air passenger traffic and increasing demand. resulting airline food demand ”. the ResearchAndMarkets.com study claimed the the growing popularity of gourmet catering ”is a“ competitive strategy for differentiating services between airlines ”.


While alcohol is not as important to airlines as kerosene, there may be gold at the bottom of the bottle. MEL Magazine interviewed Ajai Ammachathram, assistant professor in the School of Nutritional and Health Sciences at the University of Nebraska. He estimated the gross margin on alcohol sales at over 50 percent, citing the captive audience. “I compare the sale of alcohol on a theft to popcorn and candy in a movie theater. The thing about the cinema is you go there to relax, but I think no one is going to say that about the flight experience.

Cowen’s airline analyst Helane Becker says, “I’ve never seen revenue figures for this segment. I suspect there is a profit there, but I’m not sure. Would passengers accept an alcohol ban? She says, “If people persist in drinking and acting, maybe not having alcohol available is the solution. It is unacceptable for anyone to think of hitting a flight attendant on a plane.


But would the end of the service motivate passengers to smuggle alcohol on board, whether in their carry-on baggage or in blood? Flight attendants learn to watch for signs of intoxication on board. At the boarding gate, if a passenger appears to be intoxicated, they may be denied boarding.

“Flight attendants get full training on how to deal with unruly passengers, but they don’t want confrontations. If they smell alcohol, they may suggest coffee. Or add a little more ice or water to dilute the drink. Or less alcohol, ”says Harteveldt. “An airplane is not a flying bar. It is a shared means of transportation. And rule number one for this plane is safety.

Nonetheless, he said, “if airline A says there is no alcohol for nobody, airline B says we always have alcohol.”


Source link

Local networking group helps Saint-Louis job seekers find support and new careers after pandemic recession | Subway https://eventplaner.net/local-networking-group-helps-saint-louis-job-seekers-find-support-and-new-careers-after-pandemic-recession-subway/ Fri, 11 Jun 2021 22:15:00 +0000 https://eventplaner.net/local-networking-group-helps-saint-louis-job-seekers-find-support-and-new-careers-after-pandemic-recession-subway/

Sending dozens of applications online can be daunting and lonely, he said. Often there is no turning back. This is why he enjoyed the in-person networking events organized by the Job Seekers Garden Club. He even started volunteering with the group, hosting a coffee shop and networking event on Tuesday., June 15 at Kaldi’s cafe in Chesterfield which he hopes to have a monthly rally. Job seekers are welcome for morning coffee, which starts at 8:30 a.m.

Brian Young, co-owner of Chesterfield-based recruiter RockIt Career Consultation Services, said he suspected openings for senior positions would increase as the economic recovery continues.

“Your front-line workers, your hourly workers, are the ones they’re really trying to hire right now,” Young said. “As these are filled and the teams grow, they will need more leadership positions. We are only going through the first stages of a cycle.

The Job Seekers Garden Club started out as a small group on the social networking site LinkedIn run by Kolf, a retired civil engineer who did consulting work for RockIt. But when the pandemic hit and some 180,000 jobs in the metro area disappeared, “I started connecting like crazy,” Kolf said.

Support local journalism

Your membership makes our reporting possible.


Tiffany Hill-King of Belleville found the group when it was still a small LinkedIn group. She started attending events as she sought a higher level job than her old job at a bank. Kolf helped coach her on salary negotiations and interviews, and she was able to land a new job amid the pandemic. During one of their monthly lunches, she said her group was a lot like watering seeds – and the Garden Club name stuck.

Source link

Seadrill New Finance Limited (the “Issuer”) https://eventplaner.net/seadrill-new-finance-limited-the-issuer/ Fri, 11 Jun 2021 22:08:25 +0000 https://eventplaner.net/seadrill-new-finance-limited-the-issuer/

HAMILTON, Bermuda, June 11, 2021 / PRNewswire / – Seadrill Limited (“Seadrill” or the “Company”) (OSE: SDRL, OTCPK: SDRLF) and the Issuer announce that restructuring discussions have continued with certain holders ( the “”) of the Issuer’s 12.0% senior covered bonds due 2025 (the “Bonds”) and good progress continues to be made.

Restructuring talks include SeaMex Ltd (“SeaMex”), a 50/50 joint venture that Seadrill established with an investment fund controlled by Fintech Holdings Limited (“Fintech”) in 2014.

The Issuer has accepted in principle the key terms of a restructuring proposal relating to SeaMex with a majority of the Holders and which provides for refinancing of the guaranteed bank debt of SeaMex. The key terms of this proposal are:

  • significantly deleverage SeaMex’s balance sheet by balancing all or a significant portion of the approximately $ 454 million of subordinated debt controlled by the issuer; and
  • inject short-term liquidity into SeaMex in order to bridge the gap to a refinancing of the senior bank debt of SeaMex as part of a global restructuring of SeaMex’s balance sheet.

Seamexholding International, Inc. (a wholly owned subsidiary of Fintech) has served a motion to place SeaMex in interim liquidation in Bermuda. In the absence of a consensual agreement with Fintech on the restructuring conditions, the Issuer and a significant majority of SeaMex’s financial creditors appoint their own provisional liquidators in order to be able to implement a restructuring supported by SeaMex’s creditors in order to maximize value for creditors and other stakeholders. The need for provisional liquidation and restructuring arose from the failure of Petróleos Mexicanos (“Pemex”) to pay significant debts to SeaMex over an extended period as well as a target of deleveraging SeaMex’s balance sheet.

SeaMex’s financial creditors continue to fully support SeaMex. Such restructuring takes place only at the level of the SeaMex holding company and will not have any impact on the operational activities of the company. Likewise, there will be no impact on employees, customers or suppliers. Any use of a court-supervised process in Bermuda will be funded and result in an orderly restructuring of SeaMex’s balance sheet for the benefit of all stakeholders, including employees, customers and suppliers.

About Seadrill

Seadrill is a leading offshore drilling contractor using cutting edge technology to unlock oil and gas resources for clients in difficult and benign locations around the world. Seadrill’s high-quality, state-of-the-art fleet covers all asset classes, enabling its experienced crews to operate in shallow or ultra-deep water environments. The company operates 43 platforms, which include drill ships, jackups and semi-submersibles.

Seadrill is listed on the Oslo Børs and OTC Pink markets. For more information visit https://www.seadrill.com/.


This press release contains forward-looking statements. Such statements are generally not historical in nature and specifically include statements about plans, strategies, business prospects, changes and trends in its business, the markets in which it operates and its restructuring efforts. These statements are made on the basis of management’s current plans, expectations, assumptions and beliefs regarding future events affecting the Company and therefore involve a number of risks, uncertainties and assumptions that could result in that actual results differ materially from those expressed or implied in forward-looking statements. statements, which speak only as of the date of this press release. Therefore, no forward-looking statement can be guaranteed. When reviewing these forward-looking statements, you should keep in mind the risks described from time to time in the regulatory documents and periodic reports of the Company. The Company assumes no obligation to update forward-looking statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unforeseen events. New factors emerge from time to time, and it is not possible for the Company to predict all of these factors. In addition, the Company cannot assess the impact of each of these factors on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statement.

This information is subject to disclosure requirements in accordance with Section 5-12 of the Norwegian Securities Law.



020 3745 4960

This information was brought to you by Cision http://news.cision.com

Show original content:http://www.prnewswire.com/news-releases/seadrill-new-finance-limited-the-issuer–update-on-restructuring-discussions-and-seamex-ltd-joint-venture-301311128.html

SOURCE Seadrill Limited

Source link

Want to know where / how to place rubber ducks in “Fortnite”? Here is! https://eventplaner.net/want-to-know-where-how-to-place-rubber-ducks-in-fortnite-here-is/ Fri, 11 Jun 2021 13:55:44 +0000 https://eventplaner.net/want-to-know-where-how-to-place-rubber-ducks-in-fortnite-here-is/

If there’s one thing game developers have learned about the open world titles they’ve created, it’s that many gamers, when given the opportunity to do so, almost always distract themselves with games. small side quests and mini-games before tackling the title’s main mission. Anyone who has ever played Fall or Oversight will tell you that it is.

However, other genres have embraced this undisputed truth by introducing a variety of cool “mini-missions” and new gameplay features to keep players entertained. An example is rubber ducks Fortnite.

Here are the locations of the “Fortnite” rubber ducks.

There are three places where you will find the ducks:

  1. Retail line
  2. Pleasant Park
  3. Believers Beach

Once the ducks are in their place, you will get 30,000 experience points for your efforts.

The article continues under the advertisement

Source: Epic Games

Due to the spacing of these locations, it might take two matches for some players to do it all, but if you can access a car, you can probably do it all in one go.

First, you’re going to want to start at Retail Row if possible, then continue to the basketball court via the south entrance.

The article continues under the advertisement

Once inside, head west and you should see a glowing orange silhouette of a rubber duck. Interact with it and boom, you will have succeeded in placing your first rubber duck in the position it deserves.


Source: YouTube

The article continues under the advertisement

It’s probably best to spend your time spending your time in Pleasant Park just past Retail Row. Go to the gas station pump and you’ll see that familiar duck glow lurking behind one of the pillars in front of the station. Interact with it and boom, you’re on the right track.


Source: YouTube

The article continues under the advertisement

The third and final location is at Believer Beach in the pool right next to the purple float and stepladder leading to the water. Interact with it and the 30,000 experience points will be yours! Here’s a visual in case you’re having trouble locating it.


Source: YouTube

And that’s all! What excites you the most Fortnite Season 7, apart from the rubber ducks? Personally, I want to know what’s wrong with the big UFO in the sky. Maybe it has something to do with government confirmation of UFOs?

Source link

Great Value Rotation May Be Over As Investors Reclaim Technology https://eventplaner.net/great-value-rotation-may-be-over-as-investors-reclaim-technology/ Fri, 11 Jun 2021 10:49:42 +0000 https://eventplaner.net/great-value-rotation-may-be-over-as-investors-reclaim-technology/

Traders at the New York Stock Exchange (NYSE), May 19, 2021.


Is the large value rotation complete?

The S&P 500 is at an all-time high, but investors who earlier this year overweighted their portfolios in reopening stocks like Caterpillar and banks, and away from tech stocks and other growth stocks, appear to be rethinking that strategy.

Many companies associated with the “reopening” of the trade peaked in April or early May:

Cyclical actions

Cyclical actions % discount on 52 week tops
Whirlpool 14%
United Rentals 14%
Deere 15%
caterpillar 8%


Material stocks 52 week highs
Vulcan materials 11%
CF Industries 6%
Martin Marietta 8%

Home construction and improvement

Home construction / improvement 52 week highs
Mohawk 18%
Lennar 18%
DR Horton 18%
Pult 16%

Now, a final stage of so-called “value” trading is also cracking this week: banking.

Banks down this week

Banks this week
Regional finance down 6%
Huntington Bancshares down 7%
Zions Bancorporation down 5%
KeyCorp down 5%
Bank of America down 4%
JP Morgan down 3%

Instead, investors have started to look to old-fashioned growth stocks.

Thursday saw new heights at Cisco, Alphabet and IBM. But perhaps more importantly, once heavily disgraced speculative growth stocks, many of which are associated with Cathie Wood’s ARK funds, have started to rebound.

Speculative technology

Speculative technology Since May 12
Zoom video up to 15%
Roku up 11%
Shopify up 11%
Spotify up 8%
Teladoc up 6%

The evolution of market discourse

What is happening?

The market narrative is changing. The first quarter scenario was that the reopening would be very strong, bond yields would rise and inflation could be an issue later in the year.

It was only partially correct. The reopening has been strong, but bond yields have fallen rather than risen as investors have come to believe 1) that inflation and supply chain problems may indeed be ‘transient’ or temporary, as ‘insisted the Federal Reserve, and 2) the second and third quarters are the best in terms of earnings and economic growth.

“Value trading is happening and growth bulls are winning,” Alec Young, chief investment officer at Tactical Alpha, told me. “Bond yields are a proxy for growth prospects,” he added, noting that bond investors expect moderate inflation and a slower rate of growth (although still positive) in the second half of the year.

The result: Investors stay in the market, but they turn to the defensive (health) and growth (technology). Once crowded trades like cyclicals and banking that are associated with “value trading” are now retreating.

Why would investors turn to growth stocks if growth is slowing?

“Value is a more economically sensitive sector as value is weighted towards industrials, energy, materials and small caps,” Young said.

“At the start of the business cycle, coming out of a recession, there is more leverage on the earnings of value stocks, so they are a better investment,” he added.

“The problem is, everything has been compressed,” Young said. “We entered a recession very quickly and came out of it quickly, in part because of all the stimulus. Growth stocks now offer more reliable growth and are less subject to the vagaries of the business cycle.”

In a recent note to clients, Ben Snider and David Kostin of Goldman Sachs agreed. “History, valuations, positioning and economic deceleration indicate that most of the turnover [from growth to value] is behind us, ”they said.

Because it was a “crowded” (overweight) business, Goldman suggested that many players are likely caught offside. “Mutual funds overweighted value to a greater degree than at any time in our eight-year data history,” they said. “Hedge funds remain growth oriented, but this tilt has recently fallen sharply and is now at its lowest for more than five years.”

Source link

Lordstown Motors needs more capital to build electric pickup https://eventplaner.net/lordstown-motors-needs-more-capital-to-build-electric-pickup/ Thu, 10 Jun 2021 21:22:30 +0000 https://eventplaner.net/lordstown-motors-needs-more-capital-to-build-electric-pickup/

Lordstown Motors is seeking additional capital to begin production of its new Lordstown Endurance electric pickup.

The Ohio-based company, which bought GM’s Lordstown assembly plant in 2019, said in a regulatory filing on Tuesday that it had “going concern” and could remain operational in the next few months due to a lack of funding. Lordstown Motors CEO Steve Burns has scheduled a press conference with the Automotive Press Association next Tuesday, when he should provide a clearer picture of the situation the company faces.

Lordstown Motors shares fell more than 16% on Tuesday following the regulatory filing as investors bailed out their positions in the struggling startup.

GM owns 7.5 million Class A common shares of Lordstown Motors, which equates to a net worth of $ 75 million. The small stake in the business is representative of the value of the Lordstown Assembly Plant and other minor contributions it made to help Lordstown begin to retool the plant. Automotive industry analyst Sam Abuelsamid said Detroit Free Press this week that GM could still keep the Lordstown Motors plant due to go bankrupt, although that depends on the details of the deal between the two companies.

“It is possible that GM will take back possession of the plant,” Abuelsamid said The free press. “If debt were swapped for equity and Lordstown Motors went bankrupt, then GM would likely lose everything, although again, depending on how the deal was done, they could take the plant back or something. ‘a liquidation. “

Lordstown is still aiming for a September production start date for the Endurance pickup, which is marketed as a budget-conscious electric pickup for fleet customers. However, Burns acknowledged that this year’s production would be “at best” reduced to about half of its original target of 3,000 units.

The United States Securities and Exchange Commission opened an investigation into Lordstown Motors in May after a short sellers report by Hindenberg Research claimed the automaker misled investors into raising capital. The company previously said it has racked up 100,000 non-binding Endurance pre-orders, but Hindenberg says those pre-orders are “largely fictitious.”

“Our conversations with former employees, business partners, and a close examination of documents show that the company’s orders are largely fictitious and used as an accessory to raise capital and confer legitimacy,” the report said.

Lordstown Motors says it is cooperating with the SEC investigation.

To subscribe to GM Authority for more information on GM-related Lordstown Motors, the Lordstown Assembly, and 24-hour GM news coverage.

  • Contest of the month: win a 2021 C8 Corvette Z51 convertible. Details here.

Source link

Most Metal Sunrises – Solar Eclipse Allows Some To See “Devil’s Horns” https://eventplaner.net/most-metal-sunrises-solar-eclipse-allows-some-to-see-devils-horns/ Thu, 10 Jun 2021 20:29:39 +0000 https://eventplaner.net/most-metal-sunrises-solar-eclipse-allows-some-to-see-devils-horns/

A solar eclipse called the “Ring of Fire” was seen by people around the world on Thursday morning (June 10). Due to the periodic planetary phenomenon, people in some areas may have seen an unusual crescent shaped sunrise that looked a lot like devil horns.

Talk about a heavy metal eclipse.

A solar eclipse occurs when the Sun, Moon, and Earth are all aligned, leaving our planet to bask in the moon’s shadow as it totally or partially blocks sunlight and creates a visual spectacle for onlookers. When the sun is partially covered, the resulting crescent can look like bright, fiery horns as the other half passes behind the horizon. Now this is metal.

Andrew Fazekas, a science author and broadcaster known as “The Night Sky Guy”, explained how the sunrise from the “devil’s horns” of the eclipse can occur in National Geographic.

“Depending on where you live, you can see either a magnificent ring of fire known as an annular eclipse or a partial solar eclipse, with part of the sun covered by the moon,” he explained. ahead of the 2021 event. “For many observers in the northeastern United States, the sun will already be partially eclipsed when it appears above the horizon, creating a crescent sunrise.”

However, if “the local conditions are right,” Fazekas added, “some viewers in areas such as New York, New Jersey and Massachusetts may be lucky enough to see a rare devil’s horn sunrise. frightening occurs when both ends of the rising sun visible above the eastern horizon, appearing to float like a pair of flaming curved horns. “

The rare sun devil horns could have been seen by millions of people around the world. But given the weather conditions in some areas on Thursday, like The New York Times pointed out, maybe less than usual had a chance to see the eclipse as a whole.

Either way, Fazekas admitted the difficulty of catching the unusual demi-croissant, even under the best of conditions.

“Because the eclipse occurs at sunrise,” he said, “it’s important to look in advance for a good vantage point with an easy view of the eastern horizon. A totally unobstructed view. on the sunrise. “

The “Ring of Fire” solar eclipse is observed worldwide – June 10, 2021

Best Metal Songs of 2021 (So Far)

Loudwire’s picks for the best metal songs of 2021 to date.

Source link

Consumer prices have risen the most since the Great Recession https://eventplaner.net/consumer-prices-have-risen-the-most-since-the-great-recession/ Thu, 10 Jun 2021 17:40:57 +0000 https://eventplaner.net/consumer-prices-have-risen-the-most-since-the-great-recession/

DENVER (KDVR) – Prices continue to climb across the country, continuing a trend that has been occurring since the start of the year.

The U.S. Bureau of Labor Statistics released its monthly Consumer Price Index report on June 10. All items are 5% more expensive than a year ago.

This is the second consecutive month of unprecedented price increases since the Great Recession. April’s price increases have been invisible since September 2008, and May has seen year-over-year price spikes unprecedented since August 2008.

“The consumer price index for all urban consumers (CPI-U) rose 0.6% in May on a seasonally adjusted basis after increasing 0.8% in April, the bureau reported today. of Labor Statistics in the United States, “the statement read. “Over the past 12 months, the All-items index has increased 5.0% before seasonal adjustment; this is the largest 12-month increase since an increase of 5.4% for the period ending August 2008. ”

Nationally, year-over-year prices have increased every month since last fall.

No price category went down, but some categories caused the overall price increase.

These regions were understandably depressed during the throes of last year’s pandemic. Now, as Americans with good savings reappear from their homes, pent-up demand drives prices up.

Gasoline, energy, and used cars and trucks experienced some of the strongest year-over-year growth.

Gasoline prices rose 56.2% in May from a year ago, the largest 12-month increase since 1980.

Energy commodities are up 54.5% and used cars and trucks are up 29.7% over the same period.

Prices have continued to climb month over month and have accelerated since last fall.

For all items, the monthly price index rose 0.6% in May from the previous month. Only certain sections of the energy sector did not see a month-over-month price increase in May.

Source link

Why Couples Should Visit Montana’s Flathead Lake Lodge https://eventplaner.net/why-couples-should-visit-montanas-flathead-lake-lodge/ Wed, 09 Jun 2021 23:31:44 +0000 https://eventplaner.net/why-couples-should-visit-montanas-flathead-lake-lodge/

Flathead Lake Lodge resides on the West’s longest natural freshwater lake. At 28 miles long and 15 miles wide, Tête Plate Lake is fed by melting snow from Glacier National Park, just 35 miles away. It is one of the cleanest bodies of water on the planet.

Located in Bigfork, Montana, Flathead Lake Pavilion is a respite from everyday life. Two thousand acres of outdoor space allows for multiple ways to connect with nature, your partner, and the community that inevitably come together at this all-inclusive ranch. The activities and surroundings cast a magical spell so fascinating that 70% of the guests return every year. Suppose you are from the eastern United States. In this case, eight major airlines offer seasonal direct flights to Glacier Park International Airport in Kalispell, 10 miles from the Lodge.

Chase Averill, General Manager and Third Generation Owner of Flathead Lake Lodge, will welcome you back with all the things you love about a Montana ranch vacation. It is becoming a rare experience these days. His team will meet you at the airport and bring you back, although you may not want to leave. Here are eight specific reasons why.

Note: I was a guest of Flathead Lake Lodge for the Adult Weekend Getaway. All opinions are mine.

Jeanine Consoli

1. Discover the historic lodge

The story of the Lodge unfolds once you walk through the door. The Averills were a WWII bomber pilot and grew up in Montana, hunting, fishing, and horseback riding. Upon his return, he found the abandoned boy’s camp, built by the WPA, on the shores of Flathead Lake. It was a dilapidated main house and a few chalets for sale. He bought it for around $ 5,000 and promoted it as a hunting lodge. He almost went bankrupt until Bugsy Siegel, the famous American gangster, showed up and asked Les to take him hunting. After that, a host of famous men, including some soldiers, came to hunt and fish. Their repeated business kept the Lodge afloat, and many wanted to bring their families with them. Les changed his hunting lodge to a ranch.

Seven decades and three generations later, it’s still a place people love to visit to rest and rejuvenate. The rustic Lodge, a log cabin, has a huge crackling fire in the double-hearth fireplace that burns constantly no matter the season. Animal heads hang from the walls, as do old photos and artifacts. There is a story associated with each of these trophies. If you are lucky enough to meet Doug Averill, Les’s son and the Lodge’s second owner, he will tell you a few.

2. Riding a horse

With 2,000 acres of private land to explore and over a hundred horses to choose from, you must ride a horse on this Montana ranch. There are plenty of trails you can experience during your stay, regardless of your skill or comfort level. There is a morning walk that includes breakfast and several walks throughout the day. An advanced ride through the 500-acre elk reserve with a chili and cornbread lunch, including a view of Swan Lake, is a favorite, and there are lessons for those who wish to hone their skills. skills. You can ride as much or as little as you want; it’s entirely up to you. The barn staff are friendly, knowledgeable and managed by Carson Averill, Chase’s cousin, an experienced manager in his fourth season.

Sailboats on Flathead Lake in Montana.
Flathead Lake Pavilion

3. Enjoy Flathead Lake

Flathead Lake is the 79th largest lake on the planet and one of the cleanest. Depending on the month you visit (May being the coolest and August the hottest), you can paddle the lake by kayak, canoe, or stand-up paddleboard. In the summer you can wakeboard or water ski behind motorboats on the water. There are a variety of sailboats from 14ft to 27ft Olympic Class Songs. To add to the nostalgia, two historic 51-foot Q-class racing sloops, the Questa and the Nor ‘Easter, built in 1928 and 1929 as prototypes for America’s Cup boats. Sailing staff will take guests on Flathead Lake tours on these beauties. If you want to enjoy the water from the mainland, watch the action from the heated pool or cast a line from the beach or dock and catch a giant fish, some weighing up to eight pounds.

4. Visit the elk reserve

Brand Ambassador and Marketing Coordinator Dax VanFossen conducts tours of the 500-acre Elk Reserve in an Austrian-made high mobility all-terrain vehicle in a 1971 Army Green or 1972. Beige version. Open top offroad truck adds a bit of excitement to the ride as it rides into the reserve. Elk live an additional five years or more in the reserve, which helps extend their lifespan. There are about 27 moose this season, and we hope to see them. Bulls eat 40 pounds of grass a day, their antlers weigh about 40 pounds, and if they’re angry they can run 40 miles an hour. Fortunately, they don’t have their antlers because they lose them in winter. As we walked through the reserve, we saw a bull and females frolicking with a group of older horses. Horses eat here before heading to the barn for the kids to ride this summer. They think we have food. We approach the open truck and put our head inside for a few hugs. This unexpected nose, as well as the spectacular views of the lake from the top of the belvedere, are breathtaking.

The yoga platform at Flathead Lake Lodge.
Jeanine Consoli

5. Greet the sun on the yoga terrace

After hiking, biking and horseback riding, a good stretch is in order. This is when you find your zen and take one of the many yoga classes included with your stay. The views are breathtaking and the morning practice provides the right balance to start the day in perfect natural surroundings. If the weather isn’t right, the conference center, with huge floor-to-ceiling windows facing the lake, is another place to find your center.

6. Enjoy local meals made from scratch

Executive Chef Rob Clagett loves to cook for guests and staff at Flathead Lake Lodge. He sources local ingredients including produce, meat and, for his third season, cherry wood to burn in the grill and oven in his outdoor kitchen. Chef Clagett and his team make everything from scratch, including bread, desserts and delicious treats served throughout the day. The new outdoor kitchen allows the team to cook on an Argentinian-inspired grill that will allow them to raise and lower the grates and cook the meats on the dried cherry wood. This will infuse an extra flavor of Montana while guests enjoy the view of the lake. All other favorites will remain: breakfasts served in the woods, Wednesday night canned Steak Fry served with cowboy beans, cheese bread, potato salad, Maureen Averill’s famous unmade brownies, and these delicious appetizers for happy hour at the Selle Sore Saloon.

7. Dance for fun

Enjoy several live shows at Flathead Lake Lodge. Sometimes it’s an acoustic night; other times it’s a full party in the barn or in the pasture where you learn two-step and dance the night away. Whether it’s a sweet night on the beach by the campfire with S’mores or in the reserve during the Steak Fry, the musicians make the evenings unique. Many have performed here over the years and are fan favorites.

8. Experience Montana sunsets

You will never forget the sunsets over the lake. On a clear evening the lake was calm and the sun was slowly setting around 9 p.m. Our group rushed to the dock and started taking photos as the orange and purple rays began to spread across the vast sky. We watched the colors float on the glassy surface of the water with new friendships formed and partners by our side. It was absolutely amazing.

Professional advice

There are different types of getaways and accommodations at Flathead Lake Lodge: adults only, families and multigenerational. Check the website and book early. Summer is best for warmer temperatures. Autumn is wonderful for viewing the leaves.

Related reading:

Source link