US Options – Hardouin Wed, 06 Jul 2022 05:16:10 +0000 en-US hourly 1 EmergeVest eyes acquisitions for EV Cargo to bolster sales Wed, 06 Jul 2022 04:26:00 +0000

HONG KONG, July 6 (Reuters) – Hong Kong-based investment firm EmergeVest is considering global takeover targets for its holding company EV Cargo, as part of efforts to bolster the logistics services provider’s earnings, said the managing director of the investment company.

EV Cargo had several merger and acquisition opportunities, but other options were also being considered, Heath Zarin, founder and CEO of EmergeVest, told Reuters.

EmergeVest late last year tapped investment banks to explore strategic options for EV Cargo, according to people familiar with the situation and the media at the time. Possibilities included a sale or an initial public offering of shares, either of which was expected to value her between $1.5 billion and $2 billion, they said.

Join now for FREE unlimited access to

“We continue to evaluate and review all strategic options to ensure the continued implementation of EV Cargo’s business growth strategy,” Zarin said in an emailed note.

While declining to comment on EV Cargo’s valuation, he said the company generated more than $1.5 billion in revenue in 2021, generating more than $100 million in revenue. That year, it had transported $32 billion worth of goods between 700 country pairs.

EmergeVest created EV Cargo in 2018 after consolidating ownership of six of the UK’s leading logistics companies.

In March, EV Cargo acquired Fast Forward Freight, headquartered in the Netherlands. This major expansion in Europe generated more than $170 million in revenue.

EV Cargo is targeting one or two more acquisitions this year and expects to enter the U.S. market via merger or acquisition within the next 12 months, with the goal of exceeding $3 billion in revenue, a spokesperson said separately. from EmergeVest.

EV Cargo’s expansion plans come as the global supply chain tries to recover from pandemic-related disruptions, including measures still in place in China, while dealing with high fuel costs and the ‘inflation.

Since its inception in 2013, EmergeVest, which specializes in the logistics and supply chain industry, has raised over $500 million and made 26 investments.

At the end of 2021, it had $860 million in assets under management.

Join now for FREE unlimited access to

Reporting by Kane Wu; Editing by Sumeet Chatterjee and Bradley Perrett

Our standards: The Thomson Reuters Trust Principles.

Joao Palhinha: Fulham agree £20m deal for Sporting Lisbon midfielder as Liverpool unveil Fabio Carvalho | Soccer News Sun, 03 Jul 2022 11:54:29 +0000

Fulham have agreed a £20m deal with Sporting Lisbon for midfielder Joao Palhinha as the newly promoted Premier League side close in on their first summer signing.

The Portugal international has completed his medical at Fulham after agreeing personal terms.

The deal to sign the 26-year-old, which would have been attractive to Wolves, is expected to be officially announced soon.

Palhinha made 33 appearances and scored three goals for Sporting in all competitions last season.

Sky Sports News also understands that the Cottagers want to sign Shakhtar Donetsk winger Manor Solomon, with the Israel international’s valuation believed to be £7million.

Marco Silva’s side are also in the hunt for a right-back and are still awaiting a response from Wolfsburg to their £8.6m bid for Kevin Mbabu.

Liverpool officially unveil Carvalho

Fulham will mark their return to the Premier League against Liverpool at Craven Cottage on August 6, where the west London side could come up against their former player Fabio Carvalho.

On Sunday, the 19-year-old was officially unveiled as a Liverpool player after completing his move from Fulham, which was confirmed in May.

Please use Chrome browser for more accessible video player

Watch all of Fabio Carvalho’s goals for Fulham in the 2021/22 season Premier League

The Portuguese striker has signed a five-year contract at Anfield and will report for the first day of pre-season training on Monday.

“It’s just an amazing feeling to be here at one of the biggest clubs in the world, if not the biggest. So I’m just happy to be here and can’t wait to get started,” Carvalho said. to the club manager. website.

“Once you hear that Liverpool are interested, there is only one thought in your mind, which is to join them and try to be in and around the team. Hopefully I can achieve great things.

“I spoke with everyone, as well as the manager, and it was so natural. When things become natural, it’s so much easier to make a decision.”

“Marco Silva the way he plays football and got us to play football is more like attacking football and scoring goals which is similar to the way Liverpool play which is scoring goals and dominate games.

“That’s what I’m here to do, to be able to help the team with my assists, my creativity and my goals. I’m looking forward to it.”

Carvalho, born in Lisbon before moving with his family to England as a youth, will wear the number 28 shirt for Jurgen Klopp’s side and join fellow summer arrivals Darwin Nunez and Calvin Ramsay at Anfield.

Klopp told the club’s official website: “What a talent he is, hey? A player who can put a stadium on their feet. He puts his personality into his performances, he’s confident and adventurous with the ball, and he wants to do things. occur.

“He’s a versatile player, that’s for sure, and he’s definitely an attacking threat with his creativity and drive.

“It was a wonderful season for Fulham last year and Fabio was a worthy winner of the individual recognition he got through it.

“It doesn’t really need to be said, but it’s worth reminding everyone that of course they will need patience. It’s a step forward, but we know it’s more than able to do that, which is why we’ve been so keen for so long to sign him from Liverpool.

“He has the perfect environment here to learn and develop. He has a dressing room full of the best football teachers who will help him settle in and adapt.

“With us, a player of Fabio’s profile will have the opportunity to improve, learn and develop further. I look forward to working with him and seeing him wear a red shirt.”

Follow the summer transfer window with Sky Sports

Who will be on the road this summer before the transfer window closes in 11 p.m. on September 1?

Keep up to date with all the latest transfer news and rumors in our dedicated Transfer Hub blog at Sky Sports’ digital platforms. You can also catch up on the ins, outs and analysis at Sky Sports News.

NBA free agency: Consider Celtics options with mid-level exception Tue, 28 Jun 2022 13:08:04 +0000

Set to dive into luxury tax waters for the 2022-23 season, the Boston Celtics will only have the $6.4 million taxpayer mid-tier exception available to sign free agents at more than one. minimum wage.

It’s still a decent change, but not enough to attract the best talent available, especially since other teams have cap space and/or the $10.3 million non-taxpayer mid-tier for hang from the same pool of the heaviest talents.

The best way for the Celtics to add impact talent this offseason will almost certainly be to use a traded player exception, specifically the $17.1 million Evan Fournier TPE generated last summer. Boston can split that number to scout for talent or splurge on a spot to bolster the bench. The Celtics need to use this Fournier TPE before July 18 and, after giving up four second-round picks to create it (as a spawn of the Gordon Hayward TPE), there should be some motivation not to let it vaporize. .

Forsberg: Seven Celtics thoughts as attention shifts to offseason

There is a bit more flexibility with the mid-level exception. A year ago, the Celtics remained patient, and when the market for point guard Dennis Schroder dried up, they surged. Things didn’t go exactly to plan with that relationship, but Boston maxed their money and then cashed in midseason.

There’s a chance the Celtics won’t even use the mid-tier ratepayer this summer. That could be a valuable asset during the season, especially having a bit more to spend on the buyout market at a time when the team can gauge exactly what it needs to become a surefire title contender again.

Also, keep this in mind: Boston has already committed to a lot of the change before even filling much of their bench. If the Celtics use all or part of the Fournier TPE, the roster is going to get very expensive, very fast. Maybe some of that is mitigated if the Celtics move on from Daniel Theis and sign a cheap third-string center further down the road.

What is feasible if Boston uses MLE? Well, that’s tricky. And that might depend on what gamers are willing to take a bit of a cut to chase a title.

Other teams may offer more money and a bigger role. Boston needs to identify players who know the team’s starting five is already set and understand the limited time the team can offer.

Too rich for their blood?

Before we get into which players Boston can actually land, let’s throw cold water on a few options that seem unlikely:

Bruce Brown, Brooklyn Nets: It’s fun to dream of bringing home the well-rounded Boston native who tested free agency last season and settled for Brooklyn’s $4.7 million qualifying offer. Brown’s price is expected to climb quite a bit this year – perhaps even beyond the bigger mid level.

Nic Batum, Los Angeles Clippers: The Hornets paid $27.1 million to get rid of Batum and all he’s done since then is shoot 40% from beyond the arc and emerge as the kind of versatile veteran forward championship teams covet. He’ll be opting out of his low-money player option ($3.3 million) with the Clippers, and Steve Ballmer will almost certainly write him an even bigger check to bring him back right away.

Isaiah Hartenstein, Los Angeles Clippers: A young big who flourished last season with the Clippers, Hartenstein can either re-sign with LA for the same non-taxpayer money Boston can offer or find a richer deal from a team with more to spend.

One thing that could work in Boston’s favor: If the Clippers use some of their MLE to sign John Wall, it could open a window for the Celtics to rush (while Luke Kennard becomes a possible TPE target if the Clippers try reduce expenses).

Otto Porter Jr., Golden State Warriors: After resurrecting his career and winning a title at Golden State, it looks like Porter Jr. should be motivated to maximize his potential salary, especially given his injury history. Perhaps the middle tier of taxpayers is enough to set foot in that door, but the two-way wings always seem to find rich paydays.

Kyle Anderson, Memphis Grizzlies: Anderson is a dream for the Boston bench (well, maybe if he could shoot a little better on all three – and faster) but he’ll likely find a much bigger salary (unless Ime Udoka can convince the former Spur to take a big pay cut).

Could they help the Boston bench?

These players don’t necessarily jump off the page, but they can help a competitor. How many? Well, that’s why they’re available for the smaller mid-tier (or maybe even just part of it):

Delon Wright, Atlanta Hawks: This 30-year-old combo guard checks a bunch of Boston boxes while being a great defensive mind guard. His use assist rate has long been the best among combo guards, but his defending and rebounding numbers are what jump off the page. The only downside: The Celtics could use a little more size on a bench that already includes Payton Pritchard and Derrick White.

Gary Harris Jr., Orlando Magic: He’s an Indiana kid, so you know Brad Stevens already has a thing for him. Work even more in favor of Harris: He is still a solid defender who took 46% of his three corners last season in Orlando. Catching and shooting might be the extent of his limited offense, but the Celtics bench needs versatile defenders and any shots they can add.

Caleb Martin, Miami Heat: If the Celtics don’t have immediate plans for their MLE money, there’s worse than floating an offer sheet above Martin’s $2.1 million qualifying offer from the Heat. At least it forces a cash-strapped rival to use their own MLE to keep one of their young development projects going.

Patty Mills, Brooklyn Nets: With Kyrie Irving joining, Mills might be motivated to stick around and see what happens. But if he’s worried about the calamity, or just his role with Irving and Ben Simmons (presumably) on the court more than last season, then he could turn down a $6.2 million offer and find some work. similar money from other suitors with the MLE taxpayer.

Mills’ previous relationship with Udoka could be a selling point, and Boston could benefit from a big-game-tested vet who’s shot 40 percent on three and can lead a second-unit offense.

Guerschon Yabusele, Real Madrid: He just came off the Boston books last season and he just signed a three-year extension with Real Madrid. But you can’t convince us Yabusele isn’t Al Horford’s best succession plan after seeing his progress abroad.

Roll the dice

Want to get your money’s worth? You have to roll the dice.

TJ Warren, Indiana Pacers: Warren has only played four games over the past two seasons. For such a good goalscorer as before the injury, he needed a lot of shots. Still, beggars can’t choose, and the 6-foot-8 wings that shot 40% from 3-pointers from 2018-2020 don’t grow on trees.

Joe Ingles, Portland Trail Blazers: After a torn ACL and set to turn 35 in October, Ingles would likely be a mid-term addition. The question is, what will he be left with and do the Celtics want to pay to find out?

LaMarcus Aldridge, Brooklyn Nets: Defensive limitations seem to rule this one out, but Udoka’s past history forces us to include Aldridge, who would have epic mid-range battles against Jaylen Brown after practices.

Make the most of a minimum veteran (or something less than the MLE taxpayer)

Just because you have $6.4 million to spend doesn’t mean you have to use it all. Here are a handful of low-cost players we’d consider filling out the roster:

Tomas Satoransky, Washington Wizards: Let the rest of the league focus on their dismal numbers in New Orleans. We choose to focus on his sizzling 22-game finish with the Wizards, where the 6-foot-7 point guard posted a 33.9 assist percentage (96th percentile among all combo guards). His height at the guard post is intriguing.

Ish Smith, Washington Wizards: Yes, we’re like 1,000 words into an offseason article about the Celtics’ offseason goals and now we’ve mentioned two Wizards guards not named Bradley Beal. This particular Celtics killer is a solid ball handler who seems to score in spurts whenever he sees the green (but maybe only when he sees the Celtics green). His assist percentage ranked in the 84th percentile among all point guards, according to Cleaning the Glass.

The counter-argument is that, if you want an undersized point guard who is generally stable on the ball and has even more offensive upside, just play Pritchard more.

Robin Lopez, Orlando Magic: The Celtics need a big bruiser who can play with Joel Embiid’s guys in the position. The 7-foot Lopez can do that and give you a steady diet of hook shots. He would be a cheaper option for a big third if the Celtics were comfortable potentially moving Theis.

Dewayne Dedmon, Miami Heat: He’s 7 feet tall, bounces and plays hard. This checks all of our third string boxes in the center. Call us crazy because Dedmon had a relatively quiet playoff against Boston, but he was a nuisance for 15 minutes in that late March game where Miami secured the No. 1 seed in the East.

Wesley Matthews, Milwaukee Bucks: We’re probably giving too much credit to that game where Jayson Tatum fought Matthews in the Eastern Semifinals. But he shot 40% from three in the 2022 playoffs and can defend above his waist. Plus, they’re thin picks on the wings that meet Boston’s needs.

The 10 worst cities in America for first-time buyers Fri, 24 Jun 2022 13:15:01 +0000

Where there are good options, there are also options that are not so ideal. So while there are US cities that rank highly for first-time buyers, there are also those that are at the bottom of the list.

This list is from Bankrate best metro areas for first-time buyers study, which examines 50 metropolitan areas, scoring each on affordability, well-being, labor market, market tightness and security. The scores were then combined to create a final ranking, with affordability counting for 30%, well-being and culture counting for 10%, and housing market tightness, safety and employment factors counting. each for 20%.

Unsurprisingly, Los Angeles ranks 50th in the world for first-time buyers, largely due to its expensive real estate and low median income. LA’s median income is similar to that of Pittsburgh — the No. 1 city on the list — but its housing market is much tighter.

Here are the 10 worst metropolitan areas for first-time home buyers, according to Bankrate:

  1. Los Angeles-Long Beach-Anaheim
  2. Las Vegas-Henderson-Paradise
  3. Seattle-Tacoma-Bellevue
  4. Riverside- San Bernardino- Ontario, California
  5. San Jose-Sunnyvale-Santa Clara, CA
  6. Denver-Aurora-Lakewood
  7. Houston – The Woodlands – Sugarland
  8. San Francisco-Oakland-Hayward
  9. Orlando Florida
  10. San Diego Carlsbad

One thing that stands out: about half of the lowest ranked cities are in California. And these areas almost entirely make up the bottom five accessibility rankings. In terms of affordability, Riverside ranks at #42, San Diego at #47, San Francisco at #48, Los Angeles at #49, and San Jose at #50.

Los Angeles may have been ranked poorly for affordability and the job market, but the area ranks third for wellbeing and culture. Although this category represents only 10% of Bankrate’s final ranking, it may outweigh other factors for some individual buyers.

Likewise, while these 10 areas might not be the most affordable for new homeowners, that doesn’t mean they don’t have other positives. For example, San Jose has a great job market, and residents earn a median salary of $150,000 per year. San Francisco has a wellness and culture ranking of #1 out of 50 metropolitan areas.

While these areas may not be the best choice for a first-time home buyer looking for an affordable home, they may make sense for some buyers. It all depends on individual priorities.

Register now: Be smarter about your money and your career with our weekly newsletter

Don’t miss: Apple CEO Tim Cook recommends this decision-making tactic above all others: “Your success will be sweetened”

Capito and Colleagues Encourage CMS to Appeal District Court Ruling and Pursue Hospital Policy on Low Wage Index Tue, 21 Jun 2022 23:59:17 +0000

WASHINGTON DC — U.S. Sen. Shelley Moore Capito (RW.Va.) recently joined Richard Shelby (R-Ala.) and Marsha Blackburn (R-Tenn.) in sending a bipartisan letter to Administrator Chiquita Brooks-LaSure of the Centers for Medicare and Medicaid Services (CMS) to encourage the agency to appeal a recent ruling by the U.S. District Court for the District of Columbia and finalize its proposal to continue the low-wage hospital index policy in fiscal year 2023 Inpatient Prospective Payment System (IPPS) to reduce disparity in Medicare reimbursement.

The letter reads in part, “In our states, the flawed AWI methodology has continued to negatively impact Medicare reimbursement. For decades, Medicare reimbursement has not been sufficient to cover the cost of care. The compounded impact of this disparity has created unsustainable financial pressures. Our hospitals have survived on reserves, cost-cutting measures, staff reductions and the elimination of services, but these options have been exhausted. If nothing changes, more hospitals across our states will be forced to make tough decisions about the services and jobs they provide, and some may even close.

In addition to Senators Capito, Shelby and Blackburn, the bipartisan letter was signed by Senators Jim Inhofe (R-Okla.), John Boozman (R-Ark.), Tim Scott (RS.C.), James Lankford (R- Okla.), Tom Cotton (R-Ark.), Roger Marshall (R-Kan.), Bill Hagerty (R. Tenn.), Tommy Tuberville (R-Ala.) and Rafael Warnock (D-Ga.).

The full text of the letter can be found here or below:

Dear Brooks-LaSure Administrator,

On behalf of the hospitals we represent and the patients they serve, we would like to commend you for taking action to reduce the disparity in Medicare reimbursement created by the Medicare Hospital Area Wage Index ( AWI) proposing to continue the low wage index. Policy in the proposed Inpatient Prospective Payment System (IPPS) rule for fiscal year 2023. The continuation of this critical policy will enable our hospitals, many of which are in rural and underserved areas, to recruit and retain the health personnel they desperately need. By continuing this policy for another year, you are putting patients first.

As you know, Congress has given broad discretion to the Secretary of the Department of Health and Human Services (HHS) to develop a hospital reimbursement system that takes into account geographic differences in salaries. The Secretary is required to adjust the “proportion” of Medicare inpatient payment attributable to “salaries and salary-related costs” for “regional differences in hospital salary levels.” HHS has always taken a broad view of its statutory authority when adjusting the AWI through the development of notice-and-comment rules to address the concerns of hospitals in certain states, including creating rural floor imputed to benefit hospitals in states without statewide rural areas. This administrative policy was in effect for nearly a decade before being codified in the American Rescue Plan Act of 2021. The low-wage index hospital policy, which relieves hospitals in the bottom quartile of AWI levels, is consistent with these prior agency policy changes. .

In our states, the AWI’s flawed methodology continued to negatively impact Medicare reimbursement. For decades, Medicare reimbursement was not enough to cover the cost of care. The compounded impact of this disparity has created unsustainable financial pressures. Our hospitals have survived on reserves, cost-cutting measures, staff reductions and the elimination of services, but these options have been exhausted. If nothing changes, more hospitals across our states will be forced to make tough decisions about the services and jobs they provide, and some may even close.

The Centers for Medicare & Medicaid Services (CMS) has recognized the importance of the low-wage hospital policy and the need to ensure that every American has equal access to care and is not disadvantaged for living in a state predominantly rural. The CMS noted during the implementation of this policy that “rural areas have experienced over 100 hospital closures since 2010 and continue to face limited access to specialist care”, noting that this policy adjustment “would help low-wage hospitals attract and retain highly qualified staff”. workforce, which will increase competition and lead to greater choice for patients in rural areas. Abandoning the low-wage hospital policy will ultimately lead to more closures, reducing access to care for the most vulnerable patients.

Additionally, the COVID-19 pandemic has created a skewed labor market that will only further disrupt AWI. In fact, we have not had the opportunity to see the true impact of CMS’s planned low-wage hospital policy due to the market disruptions caused by the pandemic. Continuing the policy in fiscal year 2023 and extending it for years beyond will allow hospitals and the agency to understand the true impact in a slightly more normal environment.

We understand that the United States District Court for the District of Columbia recently ruled that CMS exceeded its statutory authority when it finalized the Hospital Low Wage Index Policy in the IPPS Final Rule for the fiscal year 2020. We strongly disagree with this decision and encourage the agency to appeal and finalize its proposal to continue the policy in fiscal year 2023. There is clear evidence that CMS has the authority to implement the low wage index hospital policy. If this policy were to end, the negative impact on access to health care would be disastrous and would deal a terrible blow to health care.

We look forward to working with you to ensure that hospitals are no longer penalized for being located in rural areas and that patients have access to healthcare no matter where they are.

# # #

Ind against SA 2022 5e T20I Mon, 20 Jun 2022 06:42:24 +0000

South Africa have started their preparations for this year’s T20 World Cup in India with 11 wins in their last 12 matches. They extended that to 13 of 14 before losing two in a row, while still having several questions about the team’s combination and strategy. After a 2-2 draw, here’s what they need to think about:

There is no doubt that he is a shrewd captain and an articulate speaker, but none of these things are what is needed from an opening hitter in T20 cricket. This is all about numbers – and in particular strike rates. Bavuma is 120.60 in T20Is, which since June 2021 has fallen further to 115.94 – the lowest among openers of the top six teams from the previous T20 World Cup. Moreover, if Quinton de Kock does not fire, this strike rate could become a handicap for South Africa.

Bavuma is not the biggest hitter but in this series he was also kept quiet by Bhuvneshwar Kumar’s exceptional skill which limited his ability to swing the shot. Coach Mark Boucher acknowledged the problem: “Bhuvi was exceptional. He put us under pressure in the Powerplays. It’s an area where India dominated us, and it’s something we will definitely look into. and try to improve”.

But how? On this tour, they responded to slow starts by promoting Dwaine Pretorius to a breakthrough role at No. 3, which worked once in four matches and is unlikely to be a long-term solution. Perhaps there’s an argument to bring Bavuma down in order – easier said than done, read on to find out why – or to ask him to use the retirees we saw in this format lately.

Either way, a quick survey of other openers – David Warner, Jason Roy, Martin Guptill and Rohit Sharma – indicates that hitting around 140 is more acceptable, and Bavuma needs to get up to make sure the South Africa moves to a more aggressive opening. game passages.

Who is in the middle order?

It is likely that South Africa can only place three, or in the blink of an eye, four of those five players in numbers 3 to 6 or 7 in the batting order, and it may be difficult to get them. decide. Markram offers a part-time bowling option, Klaasen can guard the wicket if he needs to, and van der Dussen and Miller have experience on their side.

If the latter of these dominates it may mean Stubbs is out for the time being, but his form in the most recent domestic competitions suggests South Africa should give him an opportunity sooner rather than later. A problem with abundance in the middle order is that selectors don’t mind having. Moreover, the problem of openers is much bigger than that.

Seven hitters or two allrounders?

On proof of the XI chosen for the last match, South Africa cannot have both. They played the combination of Pretorius and Wayne Parnell—whom Marco Jansen replaced in Game 4—and six specialty hitters in the first three games, but had to leave Jansen out in the fifth to play the seventh batter.

Along with two allrounders, they also created room for two specialty spinners, giving them six bowling options; but the stick seemed a little light. With seven batters – allrounder included – they only have five bowling options and room for a single specialty spinner, which may be limited unless the allrounder is also a spinner. And that’s what they wanted from the start.

“We wanted to play six hitters with Aiden as the sixth bowling option, but we couldn’t do it,” Boucher said, further opening the door for Markram’s immediate return.

It is likely that under Australian conditions – where the T20 World Cup will be held in four months – South Africa will revert to a specialist spinner and three rapids. Their choice will therefore be mainly between seven hitters or six and an all-rounder, with Markram also bowling.

Ngidi had not played T20I for nearly a year prior to this series, while Nortje had not played any international cricket format for over six months. They have both made a comeback, and from the early evidence there is a case to be made for Ngidi’s inclusion over Nortje if South Africa were to pick just one.

Ngidi was benched for the entire IPL but has spent time working on his conditioning and skills, and looks leaner and fitter than at any point in his career while looking healthier. control of his art. He can still reach over 140 km/h, and has also developed a well-disguised slower ball and his changes have brought wickets, especially in the final game.

Nortje, who has returned to full fitness after a lingering hip and back injury in the IPL, was more temperamental, sometimes struggling to find his lengths. By his own admission, he’s not quite where he was before the injury and wants more time to cast longer spells and find his rhythm.

That will come in the coming months, with a full England tour looming, and his progress could set up an intriguing contest with Ngidi and possibly even Jansen in South Africa’s XIs at the T20 World Cup.

Firdose Moonda is ESPNcricinfo’s correspondent in South Africa

US Open 2022: Why Jon Rahm appreciates the history of the Country Club Sat, 18 Jun 2022 07:49:55 +0000

BROOKLINE, Mass. — Jon Rahm looks like he’s really having fun at the 2022 U.S. Open this week.

Not only is the defending champ tied for second at 4-under over 36 holes, he has nothing but good things to say about the course at Brookline Country Club.

The Country Club is one of the most famous venues in all of golf. Founded in 1882, it is one of the five founding clubs of the USGA.

Fascinating US Open 2022 standings set the stage for an exciting weekend

Rahm appreciates the history behind some of the sport’s most famous courses, and the Country Club is no different.

“It’s a place where you walk in and you start to hear the stories and you go into the locker room and you see the images and the essence of what happened, that makes it even more special,” Rahm said. after Friday’s second round.

“It’s real living history on this golf course. You step on holes that some greats have had in the past. When you get to 17 and you hear everything that happened on that hole , it’s very, very unique. Yeah, it’s very It’s obviously kind of like going to Augusta or somewhere like Riv, Colonial, courses that have hosted events for a long time and are part of this game. “

Besides the story, Rahm loves the uniqueness of the course and how it suits many different styles of play. Many of the holes also offer a bunch of different ways to play them. It’s a dynamic that makes competing on a course like this all the more fun.

“I think a setup like this or a setup like this last week in Canada or Memorial where you have difficulty managing, it really emphasizes all aspects of the game,” explained Rahm. “Especially on a golf course like this. The more I play it, the more I like it.

“It’s such a unique design where you have options off the tee, and you can really choose what you want, and that’s why you have so many players in the leaderboard who have a bit of a difference in length. you.

“Just because you have holes like 17 where you can be as aggressive or as passive as you want. Holes like #7, very similar chord. #5, #3, you can push it as far or as far as you want and give yourself a chance. That’s what makes it so fun, especially with a US Open setup. And having that length is always going to be an advantage, but it will be neutralized a few times, and it’s really, really fun.”

Rahm has a chance to make his own story this weekend. A victory would make him the third golfer in the past 70 years to win back-to-back US Open titles. One such player, Curtis Strange, won his first consecutive US Open crown at the Country Club in 1988.

Understanding Biden’s options on student loan forgiveness Wed, 15 Jun 2022 17:19:17 +0000
Placeholder while loading article actions

President Joe Biden has considered canceling some government student loan debt. Such a move could help ease the burden on borrowers of $1.6 trillion in federal education debt, a figure that has more than tripled in the past 15 years. As a candidate, Biden had said he supported a congressional action plan, but with no movement on the horizon, some Democrats are pressuring him to use his executive authority, which could strengthen the party’s base ahead of the November elections. The most frequently cited version of what is under consideration would be to forgive $10,000 per borrower. It’s a notion that has been welcomed by some, and called both too much and too little by others. In the meantime, Biden has taken more targeted action.

1. Who would Biden’s plan help?

According to data from the Department of Education in March 2022, more than 45 million borrowers hold federal student loans, including parents who borrowed for their children’s college education, as well as about 30 senior executives of Biden. The administration has not yet decided on the outlines of the proposal, but aims to focus relief on low- and middle-income people. In earlier discussions, his plan was designed to cover both current and former students, including those who dropped out without earning a degree. About 15.2 million borrowers — just over a third of the total — could see their federal loans forgiven by $10,000 in debt forgiveness, according to Department of Education data.

2. Who would be left out?

Another 27 million borrowers have debt between $10,000 and $100,000. Only 3.3 million owe more than that, including about 900,000 who have debt over $200,000, a group that likely includes many current or former graduate students. The Department for Education could not say whether the forgiveness would extend to parents who borrowed for their children. Biden has said he will not accept calls from progressive Democrats to cancel up to $50,000 in loans per borrower.

3. What has Biden already done?

On his first day in office, he ordered the Department of Education to extend the federal student loan payment freeze that now extends through the end of August and keep the interest rate on hold. at 0%, which means that there is no accumulation of interest during the freeze. . Collection efforts are also suspended. Payments were first suspended in 2020 as part of the pandemic relief effort, but do not apply to private loans. The Biden administration has already pardoned targeted amounts. This most recently includes the $5.8 billion student debt that the government says was defrauded by the defunct Corinthian Colleges Inc., a for-profit chain of universities. The June announcement said the loans held by 560,000 borrowers were the largest discharge in the Department for Education’s history.

3. What is the case for the debt cancellation plan?

When the idea was first floated in the 2020 campaign, part of the rationale for canceling debt and pausing payments was to prop up an economy weakened by the pandemic. That seems less appropriate now, as the United States faces the highest inflation in decades. Some forgiveness could help prevent troubled borrowers from defaulting, which can hurt credit reports. Some advocates see the issue as generational equity, saying no previous cohort must have entered adulthood with such a burden of debt. There is also an element of racial equity: canceling $10,000 of debt would cancel the loan balances of 2 million black borrowers and reduce the gap between blacks and whites in the share of people with student debt by 9 to 6 percentage points, according to data cited by Senator Elizabeth Warren. from the University of California Merced and Princeton University.

4. What are the reviews saying?

That the plan would be unfair to those who have already paid off their student loans or gone to college to avoid debt. Some economists point out that in a general forgiveness, some of the benefits would go to high-income students, especially those who have gone on to higher education, a path that can lead to higher-paying professions like law or medicine. Some progressive activists, like Warren, have called for forgiveness of up to $50,000 in loans, while others have called for deeper relief for targeted groups, like students who haven’t completed their education. Some student loan advocates stress the importance of making forgiveness automatic, or at least reducing the bureaucratic hurdles that have plagued other student loan repayment programs to help struggling borrowers. And people on all sides point out that debt cancellation does nothing to change the economics of education that produced the borrowing in the first place – the rising price of higher education.

5. How might forgiveness work?

The administration has not yet specified this. One idea, proposed by Matthew Chingos of the Urban Institute, is to link forgiveness to the resumption of loan repayments when the moratorium is over. One of the biggest challenges for the Department of Education will be getting borrowers to start making payments again after years of not being needed. The job will fall to loan managers who are hired to collect payments and help borrowers get into the paying habit and stay on track.

More stories like this are available at

]]> Two Top 40 options for the US Open Mon, 13 Jun 2022 23:51:30 +0000

Golf’s third major tournament takes place this week at the Country Club in Brookline, Massachusetts. You can’t expect to use any course history here given that the last event on this course was in 1988 and has since seen two major restorations.

The Country Club is par-70, for 7,200 yards, but because of heavy rain this week, it could play longer. Typical of that of large events, this course has very thick greens, very small greens and undulating fairways. There are two versions of the US Open – those that use a bit more precision off the tee like Torrey Pines or Pebble Beach and others that benefit long hitters but perhaps less precision like Winged Foot. I’m looking to use a bit of both because of the small greens, but the bombers have a bump from the rain.

There are two players I like to fight for a top 40 spot.

Patrick Rose +100

As expected, Reed is now part of the LIV Tour. However, last week the USGA released a statement that qualified players will still be able to compete in the US Open. Reed hasn’t been doing his best lately, with just seven top-40 finishes this year. Two, however, came in comparable events with small greens or the need to keep it in the fairway. Both of those events were back-to-back top 40s with a 34th at the PGA Championship and a T7 at the Charles Schwab Challenge, where Reed won on ball strikes, around the green and putting.

Since 2018, Reed has played in 17 majors and only missed three cups without ever finishing worse than T36.

Patrick Reed hits a tee shot during a practice round before the 2022 US Open at The Country Club on June 13, 2022 in Brookline, Massachusetts. (Rob Carr/Getty Images)

Aaron Sage +100

A while ago, I stopped supporting Wise in the top 20 market and moved to the top 40 instead. It was a good plan. Over the past 20 rounds, Wise is the top 20 in shots won from tee to green, has won ball shots in eight consecutive events since March, and perhaps more importantly given this course layout, he has won shots around the green in six of his last eight. events, an area of ​​his game that he previously lacked. It all led to a 23rd-place finish at the PGA Championship and a second-place finish at Memorial. Typically on the “no-putt team,” Wise has also earned shots with the flatstick in four of his last five events, so there are some upsides.

He also has a T35 at the 2019 US Open at Pebble Beach, a course that requires a bit more precision off the tee with smaller greens to target and I would definitely consider Wise a much improved player now compared to era. Confidence lies in his ability to hit the ball.

VictoryShares US EQ Income Enhanced Volatility Wtd ETF (NASDAQ:CDC) Sees Sharp Rise in Short-Term Interest Sun, 12 Jun 2022 09:33:05 +0000

VictoryShares US EQ Income Enhanced Volatility Wtd ETF (NASDAQ:CDC – Get a rating) was the target of significant growth in short interest during the month of May. As of May 31, there were short interests totaling 135,700 shares, a growth of 136.4% from the total of 57,400 shares as of May 15. Based on an average daily volume of 242,400 shares, the day-to-cover ratio is currently 0.6 days.

A number of hedge funds and other institutional investors have recently changed their holdings in CDC. IFP Advisors Inc increased its equity stake in VictoryShares US EQ Income Enhanced Volatility Wtd ETF by 1.0% during the 4th quarter. IFP Advisors Inc now owns 62,529 shares of the company worth $4,351,000 after acquiring 608 additional shares in the last quarter. Flow Traders US LLC increased its equity stake in VictoryShares US EQ Income Enhanced Volatility Wtd ETF by 142.8% during Q3. Flow Traders US LLC now owns 12,208 shares of the company worth $786,000 after acquiring 7,179 additional shares in the last quarter. Eudaimonia Partners LLC purchased a new stake in shares of VictoryShares US EQ Income Enhanced Volatility Wtd ETF during Q1 for a value of approximately $2,334,000. Integrated Wealth Concepts LLC increased its equity stake in VictoryShares US EQ Income Enhanced Volatility Wtd ETF by 4.8% during Q1. Integrated Wealth Concepts LLC now owns 148,880 shares of the company worth $10,698,000 after acquiring 6,827 additional shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its equity stake in VictoryShares US EQ Income Enhanced Volatility Wtd ETF by 170.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 169,496 shares of the company worth $12,180,000 after acquiring an additional 106,875 shares in the last quarter.

VictoryShares US EQ Income Enhanced Volatility Wtd ETF stock opened at $68.20 on Friday. The company has a 50-day simple moving average of $71.09 and a 200-day simple moving average of $70.01. The VictoryShares US EQ Income Enhanced Volatility Wtd ETF has a 12-month low of $62.95 and a 12-month high of $74.46.

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 14. Shareholders of record on Monday, June 13 will receive a dividend of $0.217. The ex-date of this dividend is Friday, June 10. This represents a dividend of $2.60 on an annualized basis and a yield of 3.82%. This is an increase from VictoryShares US EQ Income Enhanced Volatility Wtd ETF’s previous monthly dividend of $0.07.

Read more

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in VictoryShares US EQ Income Enhanced Volatility Wtd ETF right now?

Before you consider VictoryShares US EQ Income Enhanced Volatility Wtd ETF, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes over… and the VictoryShares US EQ Income Enhanced Volatility Wtd ETF didn’t make the list.

While the VictoryShares US EQ Income Enhanced Volatility Wtd ETF currently has an “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here