CAPE CANAVERAL, Fla. — Known across the globe as the stuck astronauts, Butch Wilmore and Suni Williams hit the six-month mark in space Thursday with two more to go. The pair rocketed into orbit on June 5 , the first to ride Boeing's new Starliner crew capsule on what was supposed to be a weeklong test flight. They arrived at the International Space Station the next day, only after overcoming a cascade of thruster failures and helium leaks . NASA deemed the capsule too risky for a return flight, so it will be February before their long and trying mission comes to a close. While NASA managers bristle at calling them stuck or stranded, the two retired Navy captains shrug off the description of their plight. They insist they're fine and accepting of their fate. Wilmore views it as a detour of sorts: "We're just on a different path." NASA astronauts Suni Williams, left, and Butch Wilmore stand together for a photo June 5 as they head to the launch pad at Space Launch Complex 41 in Cape Canaveral, Fla., for their liftoff on the Boeing Starliner capsule to the International Space Station. "I like everything about being up here," Williams told students Wednesday from an elementary school named for her in Needham, Massachusetts, her hometown. "Just living in space is super fun." Both astronauts lived up there before, so they quickly became full-fledged members of the crew, helping with science experiments and chores like fixing a broken toilet, vacuuming the air vents and watering the plants. Williams took over as station commander in September. "Mindset does go a long way," Wilmore said in response to a question from Nashville first graders in October. He's from Mount Juliet, Tennessee. "I don't look at these situations in life as being downers." Boeing flew its Starliner capsule home empty in September, and NASA moved Wilmore and Williams to a SpaceX flight not due back until late February. Two other astronauts were bumped to make room and to keep to a six-month schedule for crew rotations. Boeing Crew Flight Test astronauts Butch Wilmore, left, and Suni Williams pose for a portrait June 13 inside the vestibule between the forward port on the International Space Station's Harmony module and Boeing's Starliner spacecraft. Like other station crews, Wilmore and Williams trained for spacewalks and any unexpected situations that might arise. "When the crews go up, they know they could be there for up to a year," NASA Associate Administrator Jim Free said. NASA astronaut Frank Rubio found that out the hard way when the Russian Space Agency had to rush up a replacement capsule for him and two cosmonauts in 2023, pushing their six-month mission to just past a year. Boeing said this week that input from Wilmore and Williams was "invaluable" in the ongoing inquiry of what went wrong. The company said it is preparing for Starliner's next flight but declined to comment on when it might launch again. NASA also has high praise for the pair. "Whether it was luck or whether it was selection, they were great folks to have for this mission," NASA's chief health and medical officer, Dr. JD Polk, said during an interview with The Associated Press. NASA astronauts Suni Williams and Butch Wilmore, both Expedition 71 flight engineers, make pizza Sept. 9 aboard the International Space Station's galley located inside the Unity module. Items are attached to the galley using tape and Velcro to keep them from flying away in the microgravity environment. On top of everything else, Williams, 59, had to deal with "rumors," as she calls them, of serious weight loss. She insists her weight is the same as it was on launch day, which Polk confirms. During Wednesday's student chat, Williams said she didn't have much of an appetite when she first arrived in space. But now she's "super hungry" and eating three meals a day plus snacks, while logging the required two hours of daily exercise. Williams, a distance runner, uses the space station treadmill to support races in her home state. She competed in Cape Cod's 7-mile Falmouth Road Race in August. She ran the 2007 Boston Marathon up there as well. She has a New England Patriots shirt with her for game days, as well as a Red Sox spring training shirt. "Hopefully I'll be home before that happens — but you never know," she said in November. Husband Michael Williams, a retired federal marshal and former Navy aviator, is caring for their dogs back home in Houston. As for Wilmore, 61, he's missing his younger daughter's senior year in high school and his older daughter's theater productions in college. The astronauts in the video seemed to be in good spirits with one stating, “It’s gonna be delicious.” (Scripps News) "We can't deny that being unexpectedly separated, especially during the holidays when the entire family gets together, brings increased yearnings to share the time and events together," his wife, Deanna Wilmore, told the AP in a text this week. Her husband "has it worse than us" since he's confined to the space station and can only connect via video for short periods. "We are certainly looking forward to February!!" she wrote. A SpaceX Falcon 9 rocket, with a crew of two astronauts, lifts off from launch pad 40 at the Cape Canaveral Space Force Station in Cape Canaveral, Fla., Saturday, Sept. 28, 2024. (AP Photo/Chris O'Meara) A SpaceX Falcon 9 rocket, with a crew of two astronauts, lifts off from launch pad 40 at the Cape Canaveral Space Force Station Saturday, Sept. 28, 2024, in Cape Canaveral, Fla. (AP Photo/Chris O'Meara) NASA astronaut Nick Hague, left, and Roscosmos cosmonaut Aleksandr Gorbunov, left, gives a thumbs up as they leave the Operations and Checkout Building on their way to Launch Complex 40 for a mission to the International Space Station Saturday, Sept. 28, 2024 at Cape Canaveral, Fla., (AP Photo/John Raoux) In this image from video provided by NASA, Roscosmos cosmonaut Aleksandr Gorbunov, left, and astronaut Nick Hague travel inside a SpaceX capsule en route to the International Space Station after launching from the Kennedy Space Center in Cape Canaveral, Fla., Saturday, Sept. 28, 2024. (NASA via AP) A SpaceX Falcon 9 rocket, with a crew of two astronauts, lifts off from launch pad 40 at the Cape Canaveral Space Force Station Saturday, Sept. 28, 2024, in Cape Canaveral, Fla. (AP Photo/Chris O'Meara) A SpaceX Falcon 9 rocket, with a crew of two astronauts, lifts off from launch pad 40 at the Cape Canaveral Space Force Station in Cape Canaveral, Fla., Saturday, Sept. 28, 2024. (AP Photo/Chris O'Meara) A SpaceX Falcon 9 rocket with a crew of two lifts off from launch pad 40 at the Cape Canaveral Space Force Station Saturday, Sept. 28, 2024 at Cape Canaveral, Fla. (AP Photo/John Raoux) The Falcon 9's first stage booster returns to Landing Zone 1 at the Cape Canaveral Space Force Station Saturday, Sept. 28, 2024 at Cape Canaveral, Fla. (AP Photo/John Raoux) A SpaceX Falcon 9 rocket with a crew of two lifts off from launch pad 40 at the Cape Canaveral Space Force Station Saturday, Sept. 28, 2024 at Cape Canaveral, Fla. (AP Photo/John Raoux) NASA astronaut Nick Hague, right, and Roscosmos cosmonaut Aleksandr Gorbunov leave the Operations and Checkout building for a trip to the launch pad 40 Saturday, Sept. 28, 2024, at the Kennedy Space Center in Cape Canaveral, Fla. (AP Photo/Chris O'Meara) NASA astronaut Nick Hague, right, talks to his family members as Roscosmos cosmonaut Aleksandr Gorbunov looks on after leaving the Operations and Checkout building for a trip to the launch pad 40 Saturday, Sept. 28, 2024, at the Kennedy Space Center in Cape Canaveral, Fla. Two astronauts are beginning a mission to the International Space Station. (AP Photo/Chris O'Meara) Get local news delivered to your inbox!But it was not just the external beauty of Beijing that captivated António; it was the inner transformation that he experienced during his time in the city. Through moments of reflection and introspection, he began to unravel the layers of his own identity and rediscover the passions and dreams that had fueled his wanderlust.Middle East latest: Israeli strikes in Gaza kill more than 50 people, including kidsIs Enron back? If it's a joke, some former employees aren't laughing
In a startling turn of events, a bar owner was rushed to the hospital after being stabbed in a violent altercation at his establishment. Emergency medical personnel quickly sprang into action to stabilize the injured man and begin the life-saving treatment. However, what they failed to notice in the chaos of the moment was the tip of the knife that had been left lodged in his side.Pearl Diver Credit Company Inc. Prices Offering of Series A Preferred Stock
"The Analects," also known as "Lunyu," is a collection of sayings and ideas attributed to the Chinese philosopher Confucius and his disciples. It is one of the most important texts in Chinese philosophy and has had a profound influence on Chinese culture and society for centuries. However, due to its age and the fragility of the original manuscripts, there is a pressing need to accurately compile, organize, and digitize the text to ensure its preservation for future generations.
NEW YORK and LONDON , Dec. 12, 2024 /PRNewswire/ -- Pearl Diver Credit Company Inc. (NYSE: PDCC) (the "Company") today announced that it has priced an underwritten public offering of 1,200,000 shares of its 8.00% Series A Preferred Stock Due 2029 (the "Preferred Shares") at a public offering price of $25 per share, which will result in net proceeds to the Company of approximately $28.8 million after payment of underwriting discounts and estimated offering expenses payable by the Company. The Preferred Shares are rated 'BBB' by Egan-Jones Ratings Company, an independent rating agency. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 180,000 Preferred Shares pursuant to the same terms and conditions. The offering is expected to close on December 18, 2024 , subject to customary closing conditions. The Company intends to list the Preferred Shares on the New York Stock Exchange within 30 days of the original issue date under the symbol "PDPA." Lucid Capital Markets, LLC ("Lucid"), B. Riley Securities, Inc. and Kingswood Capital Partners, LLC are acting as joint book-running managers and InspereX LLC and Janney Montgomery Scott LLC are acting as lead managers for the offering. Investors should consider the Company's investment objectives, risks, charges and expenses carefully before investing. The preliminary prospectus, which has been filed with the Securities and Exchange Commission ("SEC"), contains this and other information about the Company and should be read carefully before investing. The information in the preliminary prospectus and this press release is not complete and may be changed. The preliminary prospectus and this press release are not offers to sell these securities and are not soliciting an offer to buy these securities in any state where such offer or sale is not permitted. A registration statement relating to these securities is on file with and has been declared effective by the SEC. Copies of the preliminary prospectus (and the final prospectus, when available) may be obtained by writing to Lucid Capital Markets, LLC, 570 Lexington Avenue, New York, New York 10022, by calling Lucid toll-free at 646-362-0256 or by sending an e-mail to Lucid at prospectus@lucid.com . Copies also may be obtained on the SEC's website at www.sec.gov . Egan-Jones Ratings Company is a nationally recognized statistical rating organization (NRSRO). A security rating is not a recommendation to buy, sell or hold securities, and any such rating may be subject to revision or withdrawal at any time by the applicable rating agency. About Pearl Diver Credit Company Inc. Pearl Diver Credit Company Inc. (NYSE: PDCC) is an externally managed, non-diversified, closed-end management investment company. Its primary investment objective is to maximize its portfolio's total return, with a secondary objective of generating high current income. The Company seeks to achieve these objectives by investing primarily in equity and junior debt tranches of CLOs collateralized by portfolios of sub-investment grade, senior secured floating-rate debt issued by a large number of distinct US companies across several industry sectors. The Company is externally managed by Pearl Diver Capital LLP. For more information, visit www.pearldivercreditcompany.com . Forward-Looking Statements This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the prospectus and the Company's other filings with the SEC. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release. NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE Investor Contact: Info@Pearldivercap.com UK: +44 (0)20 3967 8032 US: +1 617 872 0945 View original content to download multimedia: https://www.prnewswire.com/news-releases/pearl-diver-credit-company-inc-prices-offering-of-series-a-preferred-stock-302330836.html SOURCE Pearl Diver Credit Company Inc.
One of the key objectives of the initiative is to enhance the computing power infrastructure in Liaoning Province. This includes expanding the scale and capabilities of data centers, upgrading network connectivity, and developing cutting-edge computing technologies. By bolstering the province's computing power, the initiative aims to create a solid foundation for the adoption of artificial intelligence applications across various industries.By KENYA HUNTER, Associated Press ATLANTA (AP) — As she checked into a recent flight to Mexico for vacation, Teja Smith chuckled at the idea of joining another Women’s March on Washington . As a Black woman, she just couldn’t see herself helping to replicate the largest act of resistance against then-President Donald Trump’s first term in January 2017. Even in an election this year where Trump questioned his opponent’s race , held rallies featuring racist insults and falsely claimed Black migrants in Ohio were eating residents’ pets , he didn’t just win a second term. He became the first Republican in two decades to clinch the popular vote, although by a small margin. “It’s like the people have spoken and this is what America looks like,” said Smith, the Los Angeles-based founder of the advocacy social media agency, Get Social. “And there’s not too much more fighting that you’re going to be able to do without losing your own sanity.” After Trump was declared the winner over Democratic Vice President Kamala Harris , many politically engaged Black women said they were so dismayed by the outcome that they were reassessing — but not completely abandoning — their enthusiasm for electoral politics and movement organizing. Black women often carry much of the work of getting out the vote in their communities. They had vigorously supported the historic candidacy of Harris, who would have been the first woman of Black and South Asian descent to win the presidency. Harris’ loss spurred a wave of Black women across social media resolving to prioritize themselves, before giving so much to a country that over and over has shown its indifference to their concerns. AP VoteCast , a survey of more than 120,000 voters, found that 6 in 10 Black women said the future of democracy in the United States was the single most important factor for their vote this year, a higher share than for other demographic groups. But now, with Trump set to return to office in two months, some Black women are renewing calls to emphasize rest, focus on mental health and become more selective about what fight they lend their organizing power to. “America is going to have to save herself,” said LaTosha Brown, the co-founder of the national voting rights group Black Voters Matter. She compared Black women’s presence in social justice movements as “core strategists and core organizers” to the North Star, known as the most consistent and dependable star in the galaxy because of its seemingly fixed position in the sky. People can rely on Black women to lead change, Brown said, but the next four years will look different. “That’s not a herculean task that’s for us. We don’t want that title. ... I have no goals to be a martyr for a nation that cares nothing about me,” she said. AP VoteCast paints a clear picture of Black women’s concerns. Black female voters were most likely to say that democracy was the single most important factor for their vote, compared to other motivators such as high prices or abortion. More than 7 in 10 Black female voters said they were “very concerned” that electing Trump would lead the nation toward authoritarianism, while only about 2 in 10 said this about Harris. About 9 in 10 Black female voters supported Harris in 2024, according to AP VoteCast, similar to the share that backed Democrat Joe Biden in 2020. Trump received support from more than half of white voters, who made up the vast majority of his coalition in both years. Like voters overall, Black women were most likely to say the economy and jobs were the most important issues facing the country, with about one-third saying that. But they were more likely than many other groups to say that abortion and racism were the top issues, and much less likely than other groups to say immigration was the top issue. Despite those concerns, which were well-voiced by Black women throughout the campaign, increased support from young men of color and white women helped expand Trump’s lead and secured his victory. Politically engaged Black women said they don’t plan to continue positioning themselves in the vertebrae of the “backbone” of America’s democracy. The growing movement prompting Black women to withdraw is a shift from history, where they are often present and at the forefront of political and social change. One of the earliest examples is the women’s suffrage movement that led to ratification in 1920 of the 19th Amendment to the Constitution , which gave women the right to vote. Black women, however, were prevented from voting for decades afterward because of Jim Crow-era literacy tests, poll taxes and laws that blocked the grandchildren of slaves from voting. Most Black women couldn’t vote until the Voting Rights Act of 1965. Black women were among the organizers and counted among the marchers brutalized on the Edmund Pettus Bridge in Alabama, during the historic march in 1965 from Selma to Montgomery that preceded federal legislation. Decades later, Black women were prominent organizers of the Black Lives Matter movement in response to the deaths of Black Americans at the hands of police and vigilantes. In his 2024 campaign, Trump called for leveraging federal money to eliminate diversity, equity and inclusion programs in government programs and discussions of race, gender or sexual orientation in schools. His rhetoric on immigration, including false claims that Black Haitian immigrants in Springfield, Ohio, were eating cats and dogs, drove support for his plan to deport millions of people . Related Articles Tenita Taylor, a Black resident of Atlanta who supported Trump this year, said she was initially excited about Harris’ candidacy. But after thinking about how high her grocery bills have been, she feels that voting for Trump in hopes of finally getting lower prices was a form of self-prioritization. “People say, ‘Well, that’s selfish, it was gonna be better for the greater good,”’ she said. “I’m a mother of five kids. ... The things that (Democrats) do either affect the rich or the poor.” Some of Trump’s plans affect people in Olivia Gordon’s immediate community, which is why she struggled to get behind the “Black women rest” wave. Gordon, a New York-based lawyer who supported the Party for Socialism and Liberation’s presidential nominee, Claudia de la Cruz, worries about who may be left behind if the 92% of Black women voters who backed Harris simply stopped advocating. “We’re talking millions of Black women here. If millions of Black women take a step back, it absolutely leaves holes, but for other Black women,” she said. “I think we sometimes are in the bubble of if it’s not in your immediate circle, maybe it doesn’t apply to you. And I truly implore people to understand that it does.” Nicole Lewis, an Alabama-based therapist who specializes in treating Black women’s stress, said she’s aware that Black women withdrawing from social impact movements could have a fallout. But she also hopes that it forces a reckoning for the nation to understand the consequences of not standing in solidarity with Black women. “It could impact things negatively because there isn’t that voice from the most empathetic group,” she said. “I also think it’s going to give other groups an opportunity to step up. ... My hope is that they do show up for themselves and everyone else.” Brown said a reckoning might be exactly what the country needs, but it’s a reckoning for everyone else. Black women, she said, did their job when they supported Harris in droves in hopes they could thwart the massive changes expected under Trump. “This ain’t our reckoning,” she said. “I don’t feel no guilt.” AP polling editor Amelia Thomson DeVeaux and Associated Press writer Linley Sanders in Washington contributed to this report. The Associated Press Health and Science Department receives support from the Robert Wood Johnson Foundation. The AP is solely responsible for all content.No injuries or damage immediately reported as quake sparks tsunami warning
North Carolina interviews Bill Belichick for head coaching job, AP sources sayIn addition to emphasizing its strengths, NVIDIA also underscores its commitment to compliance and ethical business practices. The company recognizes the importance of regulatory standards and fair competition in maintaining a healthy market ecosystem. NVIDIA states that it is fully prepared to cooperate with regulatory authorities and provide them with any information or assistance they require to address their concerns. By upholding its commitments to transparency and accountability, NVIDIA aims to demonstrate its integrity and dedication to operating within the bounds of the law.
With the increasing demand for diverse and engaging content on social media platforms, Kuaishou has continuously been seeking ways to enhance user experiences and provide more personalized and relevant content. The AI Director Collaboration Plan represents a strategic initiative by Kuaishou to leverage AI technology in the creative process and foster collaborations between AI systems and human filmmakers.Trump offers inauguration invites to foreign leaders through calls and back channels
But just as quickly as the fear sets in, it is replaced by resilience. The baby takes a deep breath, their cries subsiding as they begin to calm down. They may grasp onto your finger or snuggle closer to your chest, finding comfort in your embrace. Despite their initial distress, they show incredible strength in bouncing back from the momentary discomfort. The resilience in their eyes is a reminder of the innate courage and resilience that lies within every child.China’s new trade war blow could be fatal for US’s ability to arm itselfIn a world increasingly reliant on technology, Microsoft has unveiled a new AI-powered feature for Windows 11 called “Recall.” Designed to help users “remember” everything they’ve seen on their PCs, Recall has sparked both excitement and concern among tech enthusiasts and privacy advocates alike. This article delves into the intricacies of Microsoft Recall, examining its potential benefits, privacy implications, and the broader debate surrounding AI and data collection. What is Microsoft Recall? Announced during a Microsoft AI event , Recall is a feature that captures snapshots of your active window every few seconds, recording your activities within Windows for up to three months. This data is then analyzed by the on-device Neural Processing Unit (NPU) and an AI model to extract information and create a searchable index. Users can browse through their snapshot history or utilize human language queries to search for specific information. Why is Recall Causing a Stir? While the ability to effortlessly recall past information seems appealing, the implications of constant activity monitoring have raised significant privacy concerns. Critics argue that Recall represents a massive invasion of privacy, with the potential for misuse and abuse. How Does Recall Work? Recall operates by leveraging the power of on-device AI. The NPU and AI model work in tandem to analyze the captured snapshots, extracting relevant information and organizing it into a searchable index. This allows users to quickly and easily find information they may have seen days, weeks, or even months ago. Privacy Concerns and Microsoft’s Response The primary concern surrounding Recall is the potential for privacy violations. Critics argue that the constant capture of screen snapshots could inadvertently record sensitive information, such as passwords, financial details, or personal conversations. Microsoft has attempted to address these concerns by emphasizing that all Recall data is stored locally on the user’s device in an encrypted format. They also highlight that users have complete control over the feature, including the ability to enable or disable it and choose which apps it can capture snapshots from. The Broader Debate: AI and Data Collection Recall is not an isolated incident but rather a reflection of the growing trend of AI integration and data collection in technology. As AI becomes more sophisticated, companies are increasingly utilizing user data to personalize experiences and improve their products. However, this raises questions about the balance between innovation and privacy. My Personal Experience with Recall (or Similar Technologies) While I haven’t personally used Microsoft Recall yet, I have experimented with other AI-powered tools that utilize personal data to enhance productivity and organization. For instance, I’ve used note-taking apps that employ AI to categorize and summarize my notes, making it easier to find the information I need. These experiences have highlighted the potential benefits of AI while also underscoring the importance of responsible data handling and user privacy. The Future of Recall and AI in Windows It remains to be seen how Recall will be received by the wider Windows user base. If successful, it could pave the way for more AI-powered features in future Windows versions. However, Microsoft will need to address the privacy concerns and ensure users feel comfortable with the level of data collection involved. Microsoft Recall represents a significant step forward in AI integration within the Windows operating system. While the feature offers undeniable benefits in terms of information retrieval and productivity, it also raises valid concerns about privacy and data security. As AI continues to evolve and become more ingrained in our digital lives, it is crucial for companies like Microsoft to prioritize user privacy and ensure transparency in their data collection practices. Only then can we fully embrace the potential of AI without compromising our fundamental right to privacy.
Times News Network Ludhiana: Police filed a case against eight persons for allegedly attacking a former sarpanch and two others in Dev Nagar area of Pakhowal road on Wednesday night. The victims have been identified as former sarpanch Kaur Chand , his son Vikram and Ram Kirpal. CCTV camera footage of the incident has gone viral. Kaur Chand, a retired electricity board employee, said that the accused nursed a grudge against him. The complainant alleged that when he stopped them from engaging in some illegal activities, they called their friends and vandalised his shop. He added that when Vikram and Ram Kirpal came to his rescue, the accused attacked them. The victims got themselves medically examined and filed a police complaint. Meanwhile, CCTV camera footage shows a man armed with a sword attacking a person while another throws a stone at a shop. On receiving information, a team from Sadar Police station reached the spot and started a probe. SHO, Sadar police station, inspector Harshveer Singh said that raids would be conducted to arrest the accused. We also published the following articles recently Political slugfest after attack on former Mandrem sarpanch Former Mandrem sarpanch Mahesh Kondakar was assaulted by five masked individuals, sparking political tensions. Calangute MLA Michael Lobo and ex-MLA Dayanand Sopte, alleging involvement of current MLA Jit Arolkar, met with CM Pramod Sawant demanding a crime branch investigation. Kondakar's alleged ties with Lobo and the upcoming 2027 polls add complexity. Arolkar denies involvement and seeks justice. Two detained over attack on ex-sarpanch Two individuals were detained in Goa following the brutal assault on former Mandrem sarpanch Mahesh Konadkar on December 4th. Police seized the vehicle linked to the attack and are investigating the detainees' connection to its ownership. Mandrem MLA Jit Arolkar assures a swift resolution, while Calangute MLA Michael Lobo previously requested a crime branch investigation. HC seeks details of CCTV cameras installed at police stations, prisons across AP The Andhra Pradesh High Court has directed the state's DGP and DG of Prisons to provide details on CCTV camera installations in police stations and jails. Following a PIL and subsequent contempt petition, the court demanded information on the number of functioning cameras and those needing replacement. Stay updated with the latest news on Times of India . Don't miss daily games like Crossword , Sudoku , and Mini Crossword .As the digital streaming landscape continues to evolve, it is essential for platforms like Tencent Video to adapt and innovate in response to changing user behaviors and market trends. While the decision to limit simultaneous streaming may be met with resistance initially, the long-term benefits of this change will far outweigh any short-term inconveniences. With a focus on enhancing user experience, maintaining loyalty among long-time members, and staying ahead of the competition, Tencent Video is well positioned to thrive in the dynamic and ever-growing streaming industry.ORLANDO, Fla., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. ("Abacus" or the "Company") ABL , a pioneering alternative asset manager specializing in leveraging longevity and actuarial technology to offer uncorrelated investment opportunities, today announced the commencement of an underwritten public offering of 12,500,000 shares of its common stock, including 10,000,000 shares of common stock to be sold by the Company and 2,500,000 to be sold by certain stockholders of the Company (the "Selling Stockholders"). The Company and the Selling Stockholders also expect to grant the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of common stock from the Company and up to an additional 375,000 shares of common stock from the Selling Stockholders. Abacus intends to use net proceeds of the primary portion of the offering for its operations, including the purchase of life settlement policies, to support its overall business strategy, for working capital purposes, and for general corporate purposes, which may include funding previously announced and future acquisitions and repayment and refinancing of its indebtedness. Abacus will receive no proceeds from the secondary portion of the offering. The offering is subject to general market conditions, and there can be no assurances as to whether or when the offering may be completed, or as to the size or terms of the offering. Piper Sandler & Co., TD Securities (USA) LLC, KKR Capital Markets LLC, B. Riley Securities, Inc. and SG Americas Securities, LLC are acting as joint book-running managers and representatives of the underwriters of the proposed offering. The registration statements on Form S-3 (including the accompanying prospectuses for each registration statement) relating to the proposed offering have been filed with the Securities and Exchange Commission (the "SEC") and became effective on November 14, 2024. Copies of the prospectus supplements relating to the offering, when filed, may be obtained on the SEC's website located at https://www.sec.gov . When available, copies of the prospectus supplements related to the offering may also be obtained from: Piper Sandler & Co. by mail at 1251 Avenue of the Americas, 6th Floor, New York, NY 10020 or by email at prospectus@psc.com; TD Securities (USA) LLC by mail at 1 Vanderbilt Avenue, New York, NY 10017, by telephone at (855) 495-9846 or by email at TD.ECM_Prospectus@tdsecurities.com; KKR Capital Markets LLC by mail at 30 Hudson Yards, 75th Floor, New York, NY 10001, Attention: Prospectus Delivery; B. Riley Securities, Inc. by mail at 1300 17th Street North, Suite 1300, Arlington, VA 22209, by telephone at (703) 312-9580 or by email at prospectuses@brileyfin.com; or SG Americas Securities, LLC by mail at 245 Park Avenue, New York, NY 10167 or by email at us-ny-prospectus@sgcib.com . The final terms of the offering will be disclosed in the final prospectus supplements to be filed with the SEC. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the shares of the Company's common stock or any other securities, nor shall there be any sale of such shares of common stock or any other securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. Any offers, solicitations or offers to buys, or any sales of securities will be made in accordance with the registration requirements of the U.S. Securities Act of 1933, as amended. About Abacus Abacus is a pioneering global alternative asset manager and market maker specializing in uncorrelated financial products. The Company leverages its longevity data and actuarial technology to purchase life insurance policies from consumers seeking liquidity. This creates a high-return asset class uncorrelated to market fluctuations for institutional investors. With nearly $3 billion in assets under management, including pending acquisitions, Abacus is the only publicly traded global alternative asset manager focused on lifespan-based financial products. Forward Looking Statements All statements in this press release (and oral statements made regarding the subjects of this press release) other than historical facts are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and factors that could cause actual results to differ materially from such statements, many of which are outside the control of Abacus. Forward-looking information includes but is not limited to statements regarding the proposed offering, including the expected closing of the proposed offering; Abacus's financial and operational outlook; Abacus's operational and financial strategies, including planned growth initiatives and the benefits thereof, Abacus's ability to successfully effect those strategies, and the expected results therefrom. These forward-looking statements generally are identified by the words "believe," "project," "estimate," "expect," "intend," "anticipate," "goals," "prospects," "will," "would," "will continue," "will likely result," and similar expressions (including the negative versions of such words or expressions). While Abacus believes that the assumptions concerning future events are reasonable, it cautions that there are inherent difficulties in predicting certain important factors that could impact the future performance or results of its business. The factors that could cause results to differ materially from those indicated by such forward-looking statements include, but are not limited to: the fact that Abacus's loss reserves are bases on estimates and may be inadequate to cover its actual losses; the failure to properly price Abacus's insurance policies; the geographic concentration of Abacus's business; the cyclical nature of Abacus's industry; the impact of regulation on Abacus's business; the effects of competition on Abacus's business; the failure of Abacus's relationships with independent agencies; the failure to meet Abacus's investment objectives; the inability to raise capital on favorable terms or at all; the effects of acts of terrorism; and the effectiveness of Abacus's control environment, including the identification of control deficiencies. These forward-looking statements are also affected by the risk factors, forward-looking statements and challenges and uncertainties set forth in documents filed by Abacus with the SEC from time to time, including the Annual Report on Form 10-K, as amended, and Quarterly Reports on Form 10-Q and subsequent periodic reports. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Abacus cautions you not to place undue reliance on the forward-looking statements contained in this press release. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Abacus assumes no obligation and, except as required by law, does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Abacus does not give any assurance that it will achieve its expectations. Contacts: Robert Phillips – SVP Investor Relations rob@abacuslife.com (321) 290-1198 David Jackson – IR/Capital Markets Associate djackson@abacuslife.com (321) 299-0716 Abacus Life Public Relations press@abacuslife.com © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. Read this article for free: Already have an account? To continue reading, please subscribe: * This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. Read unlimited articles for free today: Already have an account? This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. ___ Author: Anmol Dutta, PhD Candidate and Lecturer, Western University Indian filmmaker Payal Kapadia’s new film, All We Imagine as Light, won the prestigious Grand Prix award at the 2024 Cannes Film Festival in May. The film exhibits an Indianness that is distinctive from the one most frequently represented globally. Within mainstream Hindi cinema, India is often presented as a homogenous Hindu, upper-caste, middle-class Hindi-speaking nation. In western popular imaginations, on the other hand, India is often seen as exotic and over-the-top, or poor and backward. All We Imagine as Light tells a story of two migrant women from the southern Indian state of Kerala, Prabha (Kani Kusruti) and Anu (Divya Prabha) as they struggle to build a life in Mumbai. The kind of Mumbai shown in the film is one that has almost never been explored in Indian cinema. In the film, we see its characters contend with cultural and social isolation, gender inequalities and the challenges of Hindu-Muslim love in India. In this sense, the film does not try to appeal to the non-Indian, western gaze. Instead, All We Imagine as Light depicts a nuanced, complex migrant reality that touches on issues of gender, religion, caste, class, language and access. The refreshing portrayal of Mumbai, and largely of India, reveals an aspect of the nation’s cultural identity that has not been explored within the global space. Disrupting the ‘city of dreams’ All We Imagine as Light premiered at the Toronto International Film Festival in September. It then played at the South Asian Day celebrations at the Forest City Film Festival in London, Ont., where I was a guest speaker for a live Q&A following the screening. The lyrical, almost lulling pace of the film offers the unfamiliar viewer the time needed to adjust to the foreignness of this world. While it remains foreign to the viewer, it is the politics of the every day — the human yearning for light — that affords the film a humanistic vision, making it cross-culturally accessible. One of the primary themes in All We Imagine as Light is disrupting the trite romanticism of Mumbai as a city of dreams. Migrants from across India who come to Mumbai to live a better life experience a kind of disillusionment that is rarely, if ever, addressed in Indian popular culture. Instead, it shows Mumbai as what one of the migrant voice-overs in the film calls a “city of illusions.” All We Imagine as Light starts with disembodied migrant voices in different regional languages such as Tamil, Marathi, Gujarati and Bengali, among others. A montage of the city plays on-screen as viewers hear a voiceover of migrant workers expressing their disenchantment and the “otherness” experienced in Mumbai. A man says how, after living in Mumbai for 23 years, he still can’t call it his home. This feeling of un-homed in Mumbai is experienced through Prabha and Anu, who work as nurses in a hospital and are also roommates. The idea of being un-homed is most sharply portrayed when Prabha’s colleague and friend, Parvaty, is evicted from her house. As a widow, Parvaty has no paperwork to prove ownership of the shack she has lived in for years. In another scene, we see a billboard that promises a “new Mumbai” featuring a light-skinned, hence presumably upper-caste, upper-class, heterosexual couple photographed next to a luxury tower. Parvaty and Prabha helplessly stare at this billboard, eventually hurling stones at it, thus physically resisting everything that the billboard is representative of. As two women navigating life without husbands or any other male counterpart, this scene is significant. It becomes an active distortion of societal expectations and heteronormative ideals. Kapadia also uses Mumbai as a site to engage with the challenges of interfaith relationships in India. The panned shots of Mumbai’s busy streets show Muslim Shiaz following Hindu Anu through crowded streets until the couple find a space where they are not at risk of being seen together. The expectations and limitations the couple must navigate showcase the societal surveillance over Hindu-Muslim relationships in India. The politics of language in Indian cinema Cinema in India is considered to be one of the most significant political and socio-cultural spaces. While multiple regional cinemas exist within the nation, the most popular domain continues to be mainstream Hindi cinema, or Bollywood, which problematically assumes the universality of Hindi within the nation. Whenever most Indian films gain international attention, the implicit assumption is that they are a part of Bollywood, the mainstream cinema in Hindi. A recent example of such assumptions that every Indian film is a Bollywood film or in Hindi was seen when Rajamouli’s Telegu-language blockbuster, RRR, won an Oscar in 2023. The implicit language expectation when watching an Indian film is that it is in Hindi. It is important to note that while Hindi is one of the most widely spoken languages in India, there is no national language. Mumbai is home to Bollywood cinema, and therefore oftentimes presents Hindi as the chosen language. Kapadia does not conform to these mainstream expectations of language. She instead showcases the politics of speaking different regional languages in Mumbai. Malayalam, which is widely spoken in Kerela, is the film’s foremost language. Prabha, Anu and her boyfriend, Shiaz, speak Malayalam. Kapadia uses language as an effective tool to further convey the feeling of un-homed in Mumbai. In a conversation with Prabha, a doctor at the hospital, who is also from Kerala, addresses the discomfort that speaking in Hindi causes him; Malayalam, he says, offers him refuge. Viewers see how most characters are compelled to speak Hindi within the public space, furthering their alienation to the city. Speaking in Malayalam thus becomes a safe harbour for Prabha and Anu in All We Imagine as Light. Kapadia skillfully employs Hindi to denote the characters’ alienation. Malayalam, on the other hand, becomes emblematic of home. All We Imagine as Light is an example of a different kind of Indian cinema: one that goes beyond mainstream narratives, and offers viewers an insight into an India they often don’t get to see. The film’s success indicates that there is potential for an alternate cinema that tells a variety of stories, in a way that is attentive to cultural nuances, and still able to serve as a cultural ambassador around the world. ___ Anmol Dutta does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment. ___ This article is republished from The Conversation under a Creative Commons license. Disclosure information is available on the original site. Read the original article: https://theconversation.com/payal-kapadias-all-we-imagine-as-light-disrupts-popular-narratives-of-mumbai-242579 Advertisement AdvertisementTitle: New Trends in China's Housing Rental Market in 2024NASA's stuck astronauts hit 6 months in space. Just 2 more to go