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NoneSouth Korea lifts president's martial law decree after lawmakers reject military rule SEOUL, South Korea (AP) — The president of South Korea early Wednesday lifted the martial law he imposed on the country hours earlier, bending to political pressure after a tense night in which troops surrounded parliament and lawmakers voted to reje Kim Tong-hyung, The Associated Press Dec 3, 2024 3:16 PM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message A man shouts to demand South Korean President Yoon Suk Yeol to step down in front of the National Assembly in Seoul, South Korea, Wednesday, Dec. 4, 2024. (AP Photo/Ahn Young-joon) SEOUL, South Korea (AP) — The president of South Korea early Wednesday lifted the martial law he imposed on the country hours earlier, bending to political pressure after a tense night in which troops surrounded parliament and lawmakers voted to reject military rule. President Yoon Suk Yeol, who appeared likely to be impeached over his actions, imposed martial law late Tuesday out of frustration with the opposition, vowing to eliminate “anti-state” forces as he struggles against opponents who control parliament and that he accuses of sympathizing with communist North Korea. Police and military personnel were seen leaving the grounds of parliament following the bipartisan vote to overrule the president, and the declaration was formally lifted around 4:30 a.m. during a Cabinet meeting. Parliament acted swiftly after martial law was imposed, with National Assembly Speaker Woo Won Shik declaring that the law was “invalid” and that lawmakers would “protect democracy with the people.” In all, martial law was in effect for about six hours. The president’s surprising move harkened back to an era of authoritarian leaders that the country has not seen since the 1980s, and it was immediately denounced by the opposition and the leader of Yoon’s own conservative party. Lee Jae-myung , leader of the liberal Democratic Party, which holds the majority in the 300-seat parliament, said the party’s lawmakers would remain in the Assembly’s main hall until Yoon formally lifted his order. Woo applauded how troops quickly left the Assembly after the vote. “Even with our unfortunate memories of military coups, our citizens have surely observed the events of today and saw the maturity of our military,” Woo said. While announcing his plan to lift martial law, Yoon continued to criticize parliament’s attempts to impeach key government officials and senior prosecutors. He said lawmakers had engaged in “unscrupulous acts of legislative and budgetary manipulation that are paralyzing the functions of the state.” Jo Seung-lae, a Democratic lawmaker, claimed that security camera footage following Yoon’s declaration showed that troops moved in a way that suggested they were trying to arrest Lee, Woo and even Han Dong-hoon, the leader of Yoon’s People Power Party. Officials from Yoon’s office and the Defense Ministry did not respond to requests for comment early Wednesday. Seemingly hundreds of protesters gathered in front of the Assembly, waving banners and calling for Yoon’s impeachment. Some protesters scuffled with troops ahead of the lawmakers’ vote, but there were no immediate reports of injuries or major property damage. At least one window was broken as troops attempted to enter the Assembly building. One woman tried unsuccessfully to pull a rifle away from one of the soldiers, while shouting “Aren’t you embarrassed?” Under South Korea’s constitution, the president can declare martial law during “wartime, war-like situations or other comparable national emergency states” that require the use of military force to maintain peace and order. It was questionable whether South Korea is currently in such a state. When martial law is declared, “special measures” can be employed to restrict freedom of press, freedom of assembly and other rights, as well as the power of courts. The constitution also states that the president must oblige when the National Assembly demands the lifting of martial law with a majority vote. Following Yoon’s announcement of martial law, South Korea’s military proclaimed that parliament and other political gatherings that could cause “social confusion” would be suspended, South Korea’s Yonhap news agency said. The military said anyone who violated the decree could be arrested without a warrant. In Washington, the White House said the U.S. was “seriously concerned” by the events in Seoul. A spokesperson for the National Security Council said President Joe Biden’s administration was not notified in advance of the martial law announcement and was in contact with the South Korean government. Pentagon spokesman Maj. Gen. Pat Ryder said there was no effect on the more than 27,000 U.S. service members based in South Korea. The South Korean military also said that the country’s striking doctors should return to work within 48 hours, Yonhap said. Thousands of doctors have been striking for months over government plans to expand the number of students at medical schools. Soon after martial law was declared, the parliament speaker called on his YouTube channel for all lawmakers to gather at the National Assembly. He urged military and law enforcement personnel to “remain calm and hold their positions. All 190 lawmakers who participated in the vote supported the lifting of martial law. At one point, television footage showed police officers blocking the entrance of the National Assembly and helmeted soldiers carrying rifles in front of the building. An Associated Press photographer saw at least three helicopters, likely from the military, that landed inside the Assembly grounds, while two or three helicopters circled above the site. The leader of Yoon’s conservative party called the decision to impose martial law “wrong.” Lee, who narrowly lost to Yoon in the 2022 presidential election, said Yoon’s announcement was “illegal and unconstitutional.” Yoon said during a televised speech that martial law would help “rebuild and protect” the country from “falling into the depths of national ruin.” He said he would “eradicate pro-North Korean forces and protect the constitutional democratic order.” “I will eliminate anti-state forces as quickly as possible and normalize the country,” he said, while asking the people to believe in him and tolerate “some inconveniences.” Yoon — whose approval rating dipped in recent months — has struggled to push his agenda against an opposition-controlled parliament since taking office in 2022. His party has been locked in an impasse with the liberal opposition over next year’s budget bill. The opposition has also attempted to impeach three top prosecutors, including the chief of the central Seoul prosecutors’ office, in what the conservatives have called a vendetta against their criminal investigations of Lee, who has been seen as the favorite for the next presidential election in 2027 in opinion polls. During his televised announcement, Yoon also described the opposition as “shameless pro-North Korean anti-state forces who are plundering the freedom and happiness of our citizens.” He did not elaborate. Yoon has taken a hard line on North Korea over its nuclear ambitions, departing from the policies of his liberal predecessor, Moon Jae-in, who pursued inter-Korean engagement. Yoon has also dismissed calls for independent investigations into scandals involving his wife and top officials, drawing quick, strong rebukes from his political rivals. Yoon’s move was the first declaration of martial law since the country’s democratization in 1987. The country’s last previous martial law was in October 1979, following the assassination of former military dictator Park Chung-hee. Sydney Seiler, Korean chair at the Center for Strategic and International Studies, argued that the move was symbolic for Yoon to express his frustration with the opposition-controlled parliament. “He has nothing to lose,” said Seiler, comparing Yoon’s move to the Hail Mary pass in American football, with a slim chance of success. Now Yoon faces likely impeachment, a scenario that was also possible before he made the bold move, Seiler said. Natalia Slavney, research analyst at the Stimson Center’s 38 North website that focuses on Korean affairs, said Yoon’s imposition of martial law was “a serious backslide of democracy" that followed a “worrying trend of abuse” since he took office in 2022. South Korea “has a robust history of political pluralism and is no stranger to mass protests and swift impeachments,” Slavney said, citing the example of former President Park Geun-hye, the country’s first female president, who was ousted from office and imprisoned for bribery and other crimes in 2017 . ___ Associated Press writers Hyung-jin Kim in Seoul, South Korea, and Matt Lee, Didi Tang and Tara Copp in Washington contributed to this report. Kim Tong-hyung, The Associated Press See a typo/mistake? Have a story/tip? This has been shared 0 times 0 Shares Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message More World News Missouri executes a man for sexually assaulting and strangling a 9-year-old girl in 2007 Dec 3, 2024 4:34 PM President-elect Donald Trump’s lawyers urge judge to toss his hush money conviction Dec 3, 2024 4:23 PM Namibia will have its first female leader after VP wins presidential election for the ruling party Dec 3, 2024 2:40 PM Featured Flyer
Geo Roofing: Quality Work and Exceptional Customer Service in PhoenixWoke management decisions similar to what kicked off a downturn in Big W Owner Woolworths, fortunes after they gave Australia Day a two finger salute, seem not to have been heeded by executives at Melbourne based Australian Venue Co, with management appearing to duck for cover after it was exposed that the Company initially planned to implement a policy that would ban Australia Day festivities for patrons at more than 200 of their venues around the country. Blind Freddy would have known, that any such decision was set to enrage Australians, with 97% of the Daily Telegraphs readers believing that retailers and hospitality venues Should not get political about Australia Day? Clearly visible is any comment by individuals from the Company behind the pub group, with most management appearing to not want to be associated with the decision including CEO Paul Watterson. Now with their brand reputation in tatters with tens of thousands set to boycott their hospitality establishments we went searching for answers as to how the business came to the conclusion that it was okay to give Australia Day a two-finger salute. The business that appears to be heavy in female decision makers in key consumer engagement roles have not responded to our request for comments. Some of the people we contacted were: Marianne Mewett (Seen below) Chief Experience Officer at Australian Venue Co, she previously worked at Queen Victoria Market in Melbourne. Recently Australian Venue Co. launched a new retail media network, AVC Experience+, aimed at enhancing customer experiences and promoting products through its venues and digital assets. They claimed that the network was designed to drive consumer action at the point of purchase by delivering tailored brand experiences, now brands are looking to drop their association with the venues. AVC Experience+ was designed to allow suppliers to connect with hard-to-reach audiences by leveraging a mix of digital and in-venue channels. The network’s portfolio includes over 219 venues, potentially reaching up to 15 million consumers annually. Partners can also tap into AVC’s annual digital customer interactions, which include 30 million+ website views, 365 million+ organic social impressions, 2.29 million+ eDM recipients, and 102 million+ impressions via The Pass loyalty app and digital ordering platform. The network is led by an in-house team, under the oversight of AVC Chief Experience Officer, Marianne Mewett. Mewett claimed at the launch “AVC Experience+ offers something unique: front-row access to an attentive and receptive audience when they are in their cultural and social comfort zone: eager to engage, hyped to explore, and poised to embrace new brand experiences.” Genevieve Hassall is Senior Brand & Communications Manager; after moving to New York in 2019, she rejoined the Company recently in a key Optimization role. Other decision makers at the Australian Venue Co include Jodie Ingham a Board Member at Australian Venue Co she took up the role in March 2024. Michelle Jones (Below) is Marketing Manager Australian Venue Co. Zoe Sepesiova Executive Operations Leader. Paul Watterson CEO Australian Venue Co. All of these senior executives seem to have not reviewed the backlash that came out of the Woolworth debacle. One of the questions we wanted answers to was ‘Are you able to give an explanation as to how you reached the conclusion that a ban would add value to your revenues and above all the brand perception for your venues”. As the fall out unfolded a statement was released on Monday, where the Company finally admitted the decision had caused “concern and confusion.” “We sincerely regret that – our purpose is to reinforce community in our venues, not divide it. It is not for us to tell anyone whether or how to celebrate Australia Day.” When asked if they had backflipped on the ban, Australian Venue Co simply responded by directing The Daily Telegraph to the their recently released statement. The decision to ban Australia Day celebrations sparked widespread criticism. What’s not known is whether CEO Paul Watterson knew of the decision and actually supported it. . “Let’s spread the news of these Australia Day bans far a wide and boycott these hotels, not just on that day, but every day,” one person wrote. “I’ll make sure I never set foot into any of your pubs ever again,” another man posted. “Pretty simple really — just boycott the establishments, there are plenty of other alternatives out there,” wrote another. In 2017, KKR purchased an 80% stake in the Dixon Hospitality Group which was owned by the former CEO of Qantas Geoff Dixon. The company’s portfolio initially consisted of five venues in Melbourne but has been expanded to over 200 venues across Australia and New Zealand. In March 2019, Coles Group and Australian Venue Co. established a joint venture (Queensland Venue Co) where AVC would take over operations of the Coles’ Spirit Hotels and receive its profits while Coles would run the group’s liquor stores and receive its profits. Coles received $200 million from AVC as part of the deal. In August 2023, PAG agreed terms to purchase KKR’s controlling shareholding for $1.4 billion.
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Surprisingly enough, the Bridgeport Islanders have played well in their recent games and have made up ground in the standings. They won two of their three games on the Pennsylvania road trip with a 6-1 trouncing of the Hershey Bears on Nov. 15 and a 5-2 win over the Wilkes-Barre Scranton Penguins the next day. Then their most recent game saw them earn a point with a Nov. 23 3-2 loss in the shootout to the Charlotte Checkers. The Islanders are still in last place in the Atlantic Division with a 4-10-1-2 record. However, this team looks different from the one that was the worst in the division last season. The Islanders have the players in place and the talent to make the playoffs, even in a division that is shaping up to be a competitive one. Bridgeport Can Score Statistically, the Islanders have a below-average offense, averaging only 2.88 goals per game. The recent games have shown that it has turned a corner with 21 goals in the last six games including six goals in the win over the Bears. The offense is something the team can lean into to win games and make up ground in the standings. Brian Pinho is the leader of the offense with 10 goals and six assists but the offense is more than just the veteran forward. Chris Terry is back with the Islanders and has 13 assists while Alex Jefferies and Fredrik Karlstrom have combined for 11 goals and seven assists. While the defense has seen a handful of skaters come and go, Samuel Bolduc and Wyatt Newpower have emerged as the playmakers at the point with five goals and 10 assists. Last season, the Islanders couldn’t score and they struggled on defense as well. The defense is still an issue but the good news is that they can win games with offense. It’s how this team can play well down the stretch and make a push for a playoff spot. Young Skaters Will Round Out Roster The Islanders have played in plenty of close games and have done so without receiving much from William Dufour , Matthew Maggio, or defenseman Calle Odelius, three of their top prospects. The three skaters have combined for only three goals and nine assists and have all struggled on the defensive end of the ice. Maggio has started to turn a corner in recent games but Dufour has struggled and it’s why he was a healthy scratch in the Nov. 23 game against the Checkers. The three skaters will find their footing as the season goes on and not only find big roles on the roster but make it one of the more complete ones in the American Hockey League (AHL). Once the trio of prospects get going, the Islanders will pile up the wins. Dufour is a scorer who can take advantage of open looks and Maggio is a well-rounded forward who can do it all. Likewise, Odelius can move the puck up the ice and become a scoring threat on the blue line while also shutting down opposing offenses. The young defenseman is learning the AHL game on the fly but with each game, he continues to adjust and improve. The Islanders have a youth movement helping out their NHL roster with Isaiah George leading the way . The same thing is poised to happen with the AHL group with a lot of the young skaters carving out pivotal roles. When they do, this team will go on a run. Hogberg Adds Goaltending Stability The defense is a mess, allowing opponents to generate shots on the net at will and overwhelm the goaltenders. It’s why the Islanders allow 3.76 goals per game, one of the worst marks in the AHL. That said, goaltender Marcus Hogberg has been a bright spot. He’s a journeyman goaltender who has bounced around in the AHL and the NHL but has proven he can win games and keep games close. He only has one win this season but three losses in overtime, a sign that he can keep the Islanders within striking distance and allow them to earn a few points. More importantly, he’s put together plenty of strong performances with 37 saves on Oct. 19 against the Hartford Wolf Pack, 38 saves on Oct. 30 against the Penguins, and 32 stops in the latest game against the Checkers. Jakub Skarek has his highs and lows as the other goaltender of the Islanders but Hogberg has added some stability. He’s the reason the Islanders will win low-scoring games and in many games, force overtime to earn some much-needed points. Who Bridgeport Can Pass To Make the Playoffs The Islanders are in a great division, one that features the back-to-back Calder Cup champions in the Bears and multiple teams that look capable of a championship run. The catch is that the Atlantic Division, as good as it is, is split into two groups, the contenders and the bottomfeeders. As a result, three teams will be fighting for the final playoff spot in the division and it’s a low bar to clear. The Springfield Thunderbirds have struggled throughout the season. Considering the focus on the NHL team with the St. Louis Blues replacing their head coach with hopes of keeping a competitive window open, the Thunderbirds have minimal room to improve. Likewise, the Lehigh Valley Phantoms haven’t looked great this season either. If both teams continue to play poorly, the Islanders can sneak into the playoffs with a respectable finish to the season. The Islanders have the pieces in place to be a playoff team. If the coaching staff can fix some of the issues within the roster and notably make the defense good enough to avoid late-game collapses, the Islanders will be good enough to make the playoffs. This article first appeared on The Hockey Writers and was syndicated with permission.Hegseth meets with moderate Sen. Collins as he lobbies for key votes in the Senate
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( ) late Wednesday handily beat Wall Street's targets for its fiscal fourth quarter. But its sales and earnings guidance for 2025 was below views. Adobe stock sank in extended trading. The digital media and marketing software firm earned an adjusted $4.81 a share on sales of $5.61 billion in the quarter ended Nov. 29. Analysts polled by FactSet had expected Q4 earnings of $4.67 a share on sales of $5.54 billion. On a year-over-year basis, Adobe earnings rose 13% while sales climbed 11%. For its fiscal first quarter, Adobe expects to earn an adjusted $4.98 a share on sales of $5.66 billion. That's based on the midpoint of its outlook. Analysts were modeling earnings of $4.95 a share on sales of $5.72 billion. For the full fiscal 2025, Adobe guided to adjusted earnings of $20.35 a share on sales of $23.43 billion. Analysts had been expecting earnings of $20.52 a share on sales of $23.78 billion. In its just-finished fiscal 2024, Adobe earned an adjusted $18.42 a share, up 15%, on sales of $21.51 billion, up 11%. Adobe Stock Falls After Q4 Report In after-hours trading on the , Adobe stock slid more than 7% to 506.50. During the regular session Wednesday, Adobe stock rose 0.5% to close at 549.93. Adobe's Creative Cloud, Document Cloud and Experience Cloud products are playing a "mission-critical role" in the AI economy, Chief Executive Shantanu Narayen said in a . Chief Financial Officer Dan Durn added, "Adobe's strategy, AI innovation and massive cross-cloud opportunity position us well for 2025 and beyond." Adobe stock has formed a with a of 587.75, according to charts.Mutual of America Capital Management LLC decreased its stake in West Pharmaceutical Services, Inc. ( NYSE:WST – Free Report ) by 2.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,954 shares of the medical instruments supplier’s stock after selling 253 shares during the period. Mutual of America Capital Management LLC’s holdings in West Pharmaceutical Services were worth $2,688,000 at the end of the most recent reporting period. Other hedge funds and other institutional investors also recently modified their holdings of the company. Paragon Advisors LLC boosted its holdings in shares of West Pharmaceutical Services by 2.0% in the third quarter. Paragon Advisors LLC now owns 6,804 shares of the medical instruments supplier’s stock valued at $2,042,000 after acquiring an additional 136 shares in the last quarter. Natixis Advisors LLC raised its position in shares of West Pharmaceutical Services by 9.7% during the third quarter. Natixis Advisors LLC now owns 53,747 shares of the medical instruments supplier’s stock worth $16,133,000 after purchasing an additional 4,740 shares during the period. Mizuho Securities USA LLC raised its holdings in West Pharmaceutical Services by 277.1% during the 3rd quarter. Mizuho Securities USA LLC now owns 21,173 shares of the medical instruments supplier’s stock worth $6,355,000 after buying an additional 15,559 shares during the period. Mizuho Markets Americas LLC lifted its position in shares of West Pharmaceutical Services by 9.4% in the 3rd quarter. Mizuho Markets Americas LLC now owns 17,420 shares of the medical instruments supplier’s stock valued at $5,229,000 after acquiring an additional 1,497 shares in the last quarter. Finally, Empowered Funds LLC lifted its holdings in shares of West Pharmaceutical Services by 3.9% in the third quarter. Empowered Funds LLC now owns 1,377 shares of the medical instruments supplier’s stock valued at $413,000 after purchasing an additional 52 shares in the last quarter. Institutional investors and hedge funds own 93.90% of the company’s stock. West Pharmaceutical Services Stock Down 1.3 % NYSE:WST opened at $316.59 on Friday. The business’s fifty day moving average price is $307.01 and its 200 day moving average price is $314.28. The firm has a market capitalization of $22.93 billion, a price-to-earnings ratio of 46.97, a PEG ratio of 24.24 and a beta of 1.00. The company has a current ratio of 3.00, a quick ratio of 2.23 and a debt-to-equity ratio of 0.07. West Pharmaceutical Services, Inc. has a 1-year low of $265.00 and a 1-year high of $413.70. West Pharmaceutical Services Increases Dividend The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 13th were given a $0.21 dividend. This is an increase from West Pharmaceutical Services’s previous quarterly dividend of $0.20. The ex-dividend date was Wednesday, November 13th. This represents a $0.84 dividend on an annualized basis and a yield of 0.27%. West Pharmaceutical Services’s dividend payout ratio is presently 12.46%. Insider Buying and Selling at West Pharmaceutical Services In other news, VP Charles Witherspoon sold 703 shares of West Pharmaceutical Services stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $310.40, for a total transaction of $218,211.20. Following the completion of the sale, the vice president now directly owns 1,253 shares in the company, valued at $388,931.20. The trade was a 35.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link . Company insiders own 0.53% of the company’s stock. About West Pharmaceutical Services ( Free Report ) West Pharmaceutical Services, Inc designs, manufactures, and sells containment and delivery systems for injectable drugs and healthcare products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in two segments, Proprietary Products and Contract-Manufactured Products. Read More Want to see what other hedge funds are holding WST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for West Pharmaceutical Services, Inc. ( NYSE:WST – Free Report ). Receive News & Ratings for West Pharmaceutical Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for West Pharmaceutical Services and related companies with MarketBeat.com's FREE daily email newsletter .
Australia proposed a law on Monday that could impose fines of up to A$50 million ($33 million) on global technology companies if they suppress competition and prevent consumers from switching between services. The centre-left Labor government has targeted Big Tech's influence, and parliament passed a law last week that banned social media for children aged under 16. The proposed law would empower Australia's competition regulator to oversee compliance, investigate anti-competitive practices online and fine companies, Assistant Treasurer Stephen Jones said in excerpts of a speech due later on Monday. "The digital economy challenges our current legal framework," Jones will in the speech viewed by Reuters at the public policy research McKell Institute in Sydney. "The dominant platforms can charge higher costs, reduce choice, and use sneaky tactics to lock consumers into using certain products. Innovation outside of the established players becomes almost impossible." Apple, Google and Meta, which dominate app downloads and ad revenues, did not immediately respond when approached for comment on the proposed law. The consultation process is scheduled to end on Feb. 14 and more discussions will be done to prepare the draft legislation. The planned law, similar to the European Union's Digital Markets Act legislation, could make it easier for people to move among competing services, such as social media platforms, internet browsers and app stores. Based on advice from the Australian Competition and Consumer Commission, the government can pick platforms that pose the greatest risk of hurting competition. "Initially, we will look to prioritise app marketplaces and ad tech services for service-specific obligations," Jones will say. These specific obligations would restrict companies from pushing their apps with low user ratings to the top of their search list and prevent providing favorable treatment to their own services, compared with third parties. A competition commission report on digital platform services in 2022 showed Google controlled 93% to 95% of online search services in Australia, while Apple's App Store accounted for about 60% of app downloads and Google Play Store 40%. Meta Platforms' Facebook and Instagram together supplied 79% of social media services in the country.