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Featured

Former Gov. Raimondo Featured In Time Magazine’s List Of Most Influential People Of 2023. Here’s Why.

Former Gov. Raimondo Featured In Time Magazine's List Of Most Influential People Of 2023. Here's Why.

PRESENTATION – What do Gina Raymondo, US Senate Majority Leader Mitch McConnell and White Lotus star Jennifer Coolidge have in common?

They're all featured on Time magazine's Most Influential People of 2023 list, which begins with U.S. Senator Jack Reed, who tells the oft-told story of a newborn baby's first "meeting" in the Raymond case. "Gina Maria".

“In 1971, my mother sent me to visit our neighbors to congratulate us on the birth of their baby girl, Gina Marie Raymond. "I had no idea this small business of a working-class family would become the first female governor and US secretary of commerce in Rhode Island."

Reed's spokesman Chip Unruh told The Journal that Time independently named him one of the 100 most influential people of the year. When they approached Senator Reid and asked him to write a short essay, he was already on the list.

"He was honored to contribute to a recording highlighting Secretary of State Raymond's outstanding leadership qualities."

Who else is on Time magazine's list of most influential people?

The "Most Influential" list includes "giants," "leaders," and "icons" from the worlds of politics, art, innovation, and more.

Hillary Clinton wrote the essay for "[the] Alexandra Matviychuk, a prominent Ukrainian human rights lawyer who dedicated her life to defending democracy at the age of 39."

Canadian Prime Minister Justin Trudeau said of Anthony Albanez: "From growing up on public housing to becoming Australia's new prime minister last spring, he's been a symbol of hope and inspiration."

Former US Senate Leader Bill Frist, a Republican, has praised current Majority Leader Mitch McConnell, a Republican, as someone who leads with "clearness, extraordinary conviction, and an unshakable conviction based on Republican principles."

“Last year, he led a bipartisan effort to find and secure war funding in Ukraine, and was told by President Biden that the 2021 bipartisan infrastructure projects would not be completed “without your help.” Mitch knew when and how to close the deal. deal." Frist said of McConnell.

Jimmy Fallon nominated Drew Barrymore. Angela Bassett nominated Austin Butler. Nicole Kidman nominated Colin Farrell. Mia Farrow nominated Jennifer Coolidge. British Vogue editor-in-chief Edward Enninful named Charles III king.

Why was Gina Raymond nominated?

Reed called the Rhode Islander once known as the "Gina of Greenville."

“Gina's brilliance, skill and hard work fueled her meteoric rise, and her family is holding it back. He has always been a ruthless competitor, unafraid to tackle difficult issues and willing to sacrifice his political wealth for the greater good."

“As secretary,” he wrote, “he is rebuilding US manufacturing and rebuilding our technology infrastructure.

“To restore the US as the world leader in microchip manufacturing, it is deftly pushing the CHIPS and Science Act through Congress and building the coalitions needed to increase US semiconductor manufacturing capacity, strengthen supply chains, and strengthen national security. As usual, Minister Raymond would do his job, pass the credit on, and settle the next matter.

Read more: Gina Raymond CHIPS opens this week in Washington. This is what needs attention.

Raymond's progressive industrial policies, which he initiated for Biden through the Chip Act, have earned him front-page coverage in the New York Times, as well as mentions in the Washington Post and Wall Street Journal, a 2,000-word Bloomberg profile, and MSNBC Morning . Jo program.

Biden is expected to run for president again next year, but if he wins, it opens up the possibility of cabinet moves, such as replacing Brown alum Janet Yellen , who has long been proposed as Treasury secretary. secretary

This article first appeared in the Providence Journal: Former Governor Gina Raymond Named Time Magazine's Most Influential Person.

15 haunted houses on earth

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Finance

The World Bank And IMF Want To Rethink Climate Finance

The World Bank And IMF Want To Rethink Climate Finance

( To have this story delivered to your inbox, sign up for the TIME CO2 Leadership Report newsletter here. )

The headlines at this week's World Bank and International Monetary Fund (IMF) Spring Meetings in Washington, D.C. tend to focus on the short-term economic outlook, and this year was no exception. The International Monetary Fund cut its GDP growth forecast for this year and warned of continued economic uncertainty.

But I'm focusing on a different story here: how a cadre of economists and politicians gathered in Washington are working to refocus the Bretton Woods institutions on tackling climate change. It is a bold reform agenda that leaders hope will create new opportunities for the private sector to invest in climate projects in the South, thereby greatly accelerating the transition to clean energy. “What the World Bank does is really set the tone,” John Kerry, President Biden's climate envoy, told me before the meetings. "It could be huge."

Before we get to the solutions, it is helpful to discuss the problem briefly. According to a joint analysis by the International Monetary Fund and the International Energy Agency, the world needs to invest $5 trillion annually in energy by 2030 to facilitate the transition to clean energy. Much of this investment should go to emerging markets such as India, where energy demand is growing rapidly.

Investing in clean energy can be difficult in these countries for a number of reasons, but primarily financial concerns. In many places, renewables are cheaper than fossil fuels over their lifetime, but require more initial capital. Because developing countries are riskier places to invest, financing renewable energy projects is much more expensive than elsewhere. And with today's high interest rates, the task becomes particularly difficult.

Development banks and international financial institutions can step in here. From finance ministers in emerging economies to private bankers to Biden administration officials, these institutions are hoping to find a way to facilitate the spread of capital in the global south.

And judging by the interviews conducted this week, economists appear to be actively working on the issue. The World Bank is currently conducting an annual review of its operations with the goal of completing reforms in the fall, and the International Monetary Fund is working to mainstream climate change into its operations.

Climate policy experts would like to see these institutions significantly increase climate credits as a basis for these reforms. They hope the increase in loans will be "mixed" with private sector investment to unlock trillions of dollars in climate finance for developing countries. This means that the World Bank and other international financial institutions will develop a clean energy financing package that will combine public and private funds. To make these investments attractive to the private sector, the agreements will be structured with terms that leave more risk in the hands of international financial institutions. For example, the World Bank may agree to accept the first loss of a failed project. A report by the convergence finance network Convergence says that on average one dollar of public money can lead to private sector investment.

Ajay Banga, the former Mastercard CEO who will become the next president of the World Bank, has suggested several ways the World Bank can attract private capital. "I'm not talking about removing the risks that the private sector has to take by law if it wants to make a profit," Banga said in a speech at the Center for Global Development ahead of the Spring Meetings. "But I'm talking about getting rid of what's holding them back."

Doing good would be a big deal. A well-structured climate finance process will create an opportunity for banks and investors to start writing big checks in the South. This influx of capital will in turn create jobs around the world, from large companies building clean energy projects to entrepreneurs developing new ways to produce low carbon energy in these markets.

What do you read from TIME


Email Justin Worland at [email protected].

Press Conference: Financial Monitor, April 2023

Categories
Finance

Startup Founder’s Alleged $175 Million Spotlights Inequality In Finance, Experts Said

Startup Founder's Alleged 5 Million Spotlights Inequality In Finance, Experts Said

What you need to know after the Silicon Valley bank collapse

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JPMorgan Chase announced the acquisition of college financial planning company Frank for $175 million in 2021, boasting that the firm serves more than 5 million students.

More than a year later, the nation's largest bank sued founder Frank Charlie Javis, saying he and another company executive defrauded the bank and that the company actually had fewer than 300,000 customers.

In a counterclaim alleging wrongful termination, Javis denied the allegations and called the bank's failure to adequately monitor the company "absurd."

Some experts say the failure of megabanks to adequately value startups that promise reams of valuable customer data is underscoring easy access to financing for tech companies, as low interest rates and billion-dollar success stories in recent years have attracted them. lenders and investors. .

Experts say that small, well-run businesses often have a harder time getting financing than tech startups. But some add that rising interest rates and the collapse last month of Silicon Valley Bank, considered by many to be a major lender to tech startups, could cut funding for the tech industry.

MORE: Judge rejects bid to overturn Elizabeth Holmes' prison sentence

"This has to be one of the most spectacular bankruptcies in history," Rebelle Cole, a finance professor at Florida Atlantic University who previously worked at the Federal Reserve, told ABC News about JPMorgan Chase's acquisition of Franks.

"There are two Americas when it comes to banking." Technology startups in Silicon Valley. that's all. They have a special attitude."

JPMorgan Chase declined ABC News' request for comment.

Last week, the Department of Justice announced the arrest of Javis on charges of fraud and criminal conspiracy. He pleaded not guilty and was released on $2 million bail.

"As defendant, Javis engaged in a gross fraud scheme," Damien Williams, the U.S. Attorney for the Southern District of New York, said last week. "These arrests should serve as a warning to entrepreneurs who lie to promote their business that they will be caught lying. Get to them."

Last week, the Securities and Exchange Commission also charged Javis with fraud.

In the lawsuit, the bank said Javis used a scheme to deceive officials investigating the embezzlement.

In documents filed in December, the bank said Javis instructed the company's director of engineering to "create false customer data using synthetic data techniques."

When the engineer refused, Javis turned to a data science professor who helped him create a database of fake customers, according to legal documents.

Despite the alleged fraud, JPMorgan Chase CEO Jamie Dimon said in January that the bank made mistakes in the acquisition process.

MORE: Price growth slowed significantly in March

When asked about the deal, Diman told CNBC. "There's always something to learn. We always make mistakes."

He added: "I tell our people that we are wrong, it is good, when we learn our lessons, I will tell them what they were."

Some experts say the audit failures are emblematic of the easy-money environment for tech startups in recent years.

When JPMorgan acquired Chase Frank nearly two years ago, the Fed had not yet begun an aggressive series of rate hikes to fight inflation.

In the 2010s, Fed rates rarely exceeded 2%. The Fed cut interest rates to near zero during the pandemic to stimulate the economy.

Customers line up outside Silicon Valley Bank headquarters in Santa Clara, California on March 13, 2023. © Brittany Hosea-small/Reuters, FILE Customers line up outside Silicon Valley Bank headquarters in Santa Clara, California, March 13, 2023.

When interest rates are low, money is cheap and borrowing is relatively easy because banks offer low loan rates.

Experts say the technology sector has benefited from the low interest rate environment, noting that banks and venture capital firms can fund ambitious startups knowing that many will fail.

MORE: Donald Trump impeached. What you need to know about forgery of business documents

An analysis by The New York Times found that venture capitalists have invested more than $22 billion in technology startups between 2010 and 2022.

Silicon Valley Bank, which specializes in tech clients in the region, helped drive investment

When some big customers withdrew money from banks last month, some were forced to sell distressed stocks to provide liquidity, scaring off other big depositors who withdrew their money and triggering a wave of bank runs.

"The Silicon Valley bank failure is a turning point," Cole said. "When it comes to lending to tech companies, it's a complete wake-up call for all other banks."

"There's definitely a double standard," Cole added. "The ease with which these businesses obtain credit is different from the credit standards that apply to small businesses."

Frank Vossen, a professor of economics and entrepreneurship at the University of Nevada, told ABC News that the uneven access to financing for technology companies and other small businesses is due to different sources of financing.

"Innovative tech startups often have options to access venture capital, especially in Silicon Valley," he said. "Small, non-innovative companies do not have this opportunity and are forced to rely more on bank loans."

The banking crisis that followed the collapse of a Silicon Valley bank has strengthened the role of big banks such as JPMorgan Chase in making important lending decisions as the financial sector weighs its approach to technology, said Cornell Law School professor Robert Hockett, who teaches banking. . ABC News: Said

A source previously familiar with the matter told ABC News that JPMorgan Chase received a huge influx of customers and deposits for hundreds of accounts and billions of dollars.

"Some big companies are taking over what's left of the financial sector," Hackett said.

Over the past year, the Fed has raised its key interest rate by 4.75 percentage points, the fastest pace since the 1980s.

MORE: Jamie Dimon, CEO of America's biggest bank, is optimistic about the economy despite recession fears. "the benefit is huge."

A higher base interest rate increases the cost of borrowing for businesses, which theoretically slows lending and reduces economic activity.

According to the consulting company Bain & Company, in 2022 global investment in venture capital will decrease by 36% compared to the previous year.

"The takeover of the franc and the collapse of the Silicon Valley bank are the result of excessive risk taking in an environment of ultra-low interest rates," Kairong Xiao, a professor of finance at Columbia Business School, told ABC News.

He added: "Given these scandals and, more importantly, structural changes in the interest rate environment, I would expect tighter funding conditions for tech startups, especially from regulated banks."

16.09.2020 morning session of the City Council

Categories
Sport

What Is Pickleball? Everything You Need To Know About Utahs Favorite Sport

What Is Pickleball? Everything You Need To Know About Utahs Favorite Sport

Anyone who lives in Utah knows a thing or two about pickling. I personally had never heard of this sport before moving to Utah. And until my friends started playing pickleball, I thought it was just tennis with smaller racquets.

As my friends immediately told me, I was very wrong. Although Pickleball is similar to tennis, it's a popular sport in Utah with unique rules, an interesting history, and even custom courts.

What is a cucumber ball?

According to USA Pickleball, pickleball is "a fun sport that combines many elements of tennis, badminton and table tennis." If you live in Utah, there might be a pickle ball park near you. But if you live out of state, you can play pickleball at the badminton court.

Pickleball is played with a bat similar to a ping-pong bat, only slightly larger. One or two players stand on either side of the net and throw the ball over the net. You can smack the cucumber ball in the air or hit it after it bounces.

Connected:

One team serves the pickle until that team makes a "mistake". A foul occurs when a baited ball bounces, goes out of bounds, hits the net, or hits a player. When this happens, the next team will serve.

Only the serving team can score, and the backhand is usually played until the team scores 11 points.

History of the Buckleball

According to USA Pickleball, the game was developed in 1965. It was invented by three parents, Bill Bell, Barney McCallum and Joel Pritchard to combat boredom in their children.

Connected:

One summer, Pritchard and Bill arrive at the Pritchard home to find that their families are doing absolutely nothing. So they decided to play badminton to entertain the family. But since they couldn't find badminton racquets, Pritchard and Bill used ping-pong racquets and a plastic ball.

Bell and Pritchard later introduced the game to McCallum. Together they set the rules for a new game, and thus Pickleball was born.

Why is it called cucumber?

The name of this sport may confuse you. Because while it's all about the eggs, there are no pickles at all. Well, according to USA Pickleball, the sport appeared shortly after its inception. The name "Pickleball" "comes from the remnants of the breed of pickleball teams put together without decoration."

What is the difference between endogenous and exogenous acids?

To the uninitiated, inner and outer cucumbers can look exactly the same. You may not have known that there is a difference. But how wrong I was.

According to Paddletech, there are five main differences between outdoor and indoor pickleball:

  • The inner balls of acid are usually lighter than the outer ones.

  • If there are 40 holes for cucumbers in the outer spheres, then there are 26 holes for cucumbers in the inner spheres.

  • The holes of the inner cores are wider than those of the outer cores.

  • In order to create more bounce, the outer salt balls are harder than the inner ones.

  • Because the outer balls of cucumbers are harder, they tend to break apart more than closed cucumbers.

Connected:

How do you play Pickleball? Pickleball tips for beginners

Interested in Pickleball? If you've never played this game before, here are a few tips to get you started:

  • Always be prepared. You never know where the ball will land or when it will fly right behind you. Always be ready to move.

  • Don't be afraid of the ball. In sports, beginners can avoid the ball. But if you dodge the ball, you'll never learn how to play. It's okay if you miss the ball. As long as you make a good effort to hit the ball, you will improve.

  • Learn the rules. You don't have to be a pickleball expert, but try to learn the basics of pickleball before you play.

  • Wear comfortable clothing. Pickleball isn't an intense sport, but you can run across the field and hit the ball. Wear comfortable or athletic clothing.

  • I hear. It can be easy to get the stress of any sport going to your head. Remember that pickleball is a casual sport that everyone will enjoy.

How do you serve it in a marinated ball?

USA Pickleball Says You Must: Also, Paddletech says your feet must be behind the baseline.

The most popular cucumber advertisement! (10 million views!)

Categories
Entertainment

African Entertainment Heavyweight Jan Du Plessis To Launch Primedia Studios

African Entertainment Heavyweight Jan Du Plessis To Launch Primedia Studios

EXCLUSIVE: African entertainment hero Jean du Plessis is back.

The CEO was appointed chairman of Primedia Studios shortly after leaving South African pay-TV M-Net and retiring after a hiatus of nearly 30 years.

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Primedia Studios has become part of African content giant Primedia, positioning itself as South Africa's leading production and distribution operator and "the partner of choice for the national and international audiovisual industry."

Du Plessis will oversee the licensing strategy, creation, development, localization and distribution of entertainment programming and content. He will also oversee a "robust succession strategy" to ensure a generation of black leaders reach leadership positions at Primedia.

He will be joined by Primedia Broadcasting's Director of Revenue and CEO, Lindell Xoka, and Showrunner and Project Manager, Victoria Ramapolana. Du Plessis will report directly to Primedia Group CEO Jonathan Proctor.

The move comes as a surprise given that Du Plessis left M-Net, where he oversaw the creative and commercial aspects of the business, running networks and services in sub-Saharan Africa. He is also known for commissioning and developing local versions of formats such as Big Brother, Deal or No Deal , My Kitchen Rules , The Voice , and Idols , and founding the M-Net distribution division.

He has also directed some 70 films for M-Net, many of which have received top ratings on networks such as Mzansi Magic, KykNET and M-Net Movie. Elsewhere, he founded the AfricanFilmLibrary (AFL), which is now one of the largest collections of African films in the world, with more than 1,000 prints.

“Ian is an exceptionally talented professional who will inspire the next generation of young people at our company, as well as the next generation of leaders in our industry,” said Primedia Procter CEO. "Their innovations have created countless opportunities for viewers and advertisers. For Primedia and the rest of the African continent, this will be a defining moment in the development of our industry."

Du Bliss added that he was "sure that international format rights holders, studios and independent companies will share our excitement about the launch of Primedia Studios.

"Our clients and advertisers can count on the best local content, including new and updated formats, as well as specialized marketing support," he added. "Marvel has discovered that there are superheroes in Africa and that Wakanda can be eternal. We want the character and real stories of Africa to permeate everything we do, and we will invest all available resources in the intellectual property that brings these stories to life, taking advantage of With the power and reach of the Primedia Group, Primedia Studios will become the home for high-quality African-inspired content that will resonate with audiences around the world.”

South African companies were still dominated by whites at the top level, so Procter drew attention to the importance of the second component of du Plessis's role. “Our investment in black talent is an integral part of Primedia's strategy,” he said. "Our commitment to transformation is non-negotiable. We have deliberately placed it at the top of our agenda because we know it will benefit not only our people, but also our industry and the continent as a whole."

Following Du's departure from Plessis M-Net, the payments giant consolidated its key management teams under KykNET's channel manager Valdimar Pelser.

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Sciences

Expert Ratings For Gilead Sciences

Expert Ratings For Gilead Sciences

Analysts have provided the following estimates for Gilead Sciences (NASDAQ:GILD) for the most recent quarter.

Trending. An entrepreneur makes $175,000 a year selling T-shirts he never touches, working just an hour a day;

Must read. Mark Cuban says it's the key to "controlling your own destiny" and making big bucks

bullish pretty intense Indifferent a bit irrelevant Carry
overall ratings 1: 2: 6:00 a.m 0: 0:
last 30 days 0: 0: 1: 0: 0:
1 million ago 0: 0: 0: 0: 0:
2 months ago 1: 0: 1: 0: 0:
3 months ago 0: 2: 4: 0: 0:

Based on 9 analysts providing 12-month price targets over the last 3 months, Gilead Sciences has an average price target of $92.33, with a high of $112.00 and a low of $80.00.

Below is a summary of how these 9 analysts rated Gilead Sciences over the last 3 months. The higher the number of ratings, the more analysts rate the stock positively, and the higher the number of downgrades, the more analysts rate the stock negatively.

price target chart © Provided by Benzinga Target price chart

This current average is 5.32% above the previous average price target of $87.67.

Stay informed with Gilead Sciences analyst notes.

Ratings are derived from banking and financial systems analysts or professionals reporting on specific securities or specific sectors (usually quarterly for each security). Analysts typically get their information from company conference calls and meetings, financial reports, and discussions with people important to their decision-making.

Some analysts also offer forecasts for utility metrics such as earnings, revenue, and growth estimates to provide further guidance on what to do with specific metrics. It's important to note that while stock and industry analysts are experts, they are human and can only guess their opinions to traders.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Latest GILD ratings

Date: Business Action: starting For
March 2022 barley holds underweight
March 2022 RBC capital holds Overcome
February 2022 BMO capital: sale Overcome market trend

See additional analyst notes on GILD

Check out the latest analyst ratings

This article on Gilead Sciences Expert Reviews originally appeared on Benzinga.com

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Fundamental Analysis Amgen Vs GlaxoSmithKline vs Gilead | The Best Pharma Stocks to BUY | AMGN GSK GOLD

Categories
Computers

Innovating Quantum Computers With Fluxonium Processors

Innovating Quantum Computers With Fluxonium Processors

Next-generation quantum devices require highly error-prone configurations. In response to this need, AQT researchers at Berkeley Lab's state-of-the-art collaborative research laboratory have developed a new quantum processor design based on "Fluxonium" qubits. Fluxonium qubits can outperform commonly used superconducting qubits and open a promising path to universal fault-tolerant quantum computers.

In collaboration with researchers from the University of California, Berkeley, and Yale, the AQT team is pioneering systematic theoretical studies on the design of high-performance fluxonium qubits and providing practical recommendations for adapting and building state-of-the-art hardware. Realizing the potential of quantum computing. . The results were published in the journal PRX Quantum .

At the forefront of superconductor processing

Superconducting quantum processors consist of multiple qubits with different transition frequencies that enable precise control of individual qubits and their interactions. Transmon qubits, one of the most widely used in the superconducting processor industry, typically have low anharmonicity. Anharmonicity is the difference between the respective transition frequencies in the qubits. Low anharmonicity contributes to the spectral density (when the qubit frequencies are correlated with each other), which makes the processor difficult to control as the qubit frequencies are tightly controlled.

Conversely, high anharmonicity allows researchers to better control the qubit, because there is less overlap between the frequencies that drive the qubit and the frequencies that drive the qubit to higher energy levels. Fluxonium qubits have intrinsic advantages for complex superconducting processors such as B. high anharmonicity, long coherence time, and easy control.

Building on AQT's strong R&D history in superconducting circuits, the team behind the Fluxonium-based architecture focuses on the scalability and adaptability of core processor components, a number of parameters that allow researchers to improve the runtime and reliability of quantum-enhancer circuits. . Some of these tweaks make the system easier to use. For example, researchers have proposed to control fluxonium qubits at low frequency (1 GHz) by using microwaves directly generated by generators of random electric currents. This practical approach allows researchers to dynamically design processors and control multiple qubits.

Flexible Fluxonium Qubit Approach for Large Devices

Long Bi Nguyen is a project scientist at AQT and lead author of the publication. Nguyen began researching alternative superconducting qubits as a graduate student at the University of Maryland in collaboration with Professor Vladimir Manucharian. Manucharyan introduced fluxonium qubits to the field a decade ago, and in 2019, Nguyen demonstrated the possibility of longer entanglement using fluxonium rings. The Fluxonium circuit consists of three components: a capacitor, a Josephson junction, and a superinductor, which helps to reject magnetic flux noise, a typical source of unwanted interference that affects overpowered qubits and causes imbalance.

"I've always wanted to learn new physics and I focused on Fluxonium because it seemed like a better alternative to transmons at the time. It had three circuit components that I could play with to get the spectrum I wanted. He could design it. Avoid 'inconsistencies due to material defects.'" And I recently realized that adding fluxonium could be more cost-effective because the interactions between individual qubits can be demonstrated with high precision,” explains Nguyen.

To evaluate and verify the performance of the proposed Fluxonium design, the AQT team collaborated with the paper's researchers to simulate two types of programmable quantum logic gates: NIE (cross-resonance controlled NIE) and AC-controlled differential. Stark-Z (CZ). The high fidelity simulation of the gates in the proposed qubit measurement range validates the team's hopes for the proposed design.

"Using standard methods and practices for using variable-frequency logic gates, we present a potential way to build fluxonium processors. We hope for further research and development in fluxonium and superconducting qubit options for next-generation devices for quantum information processing." Nguyen said.

For more information : Long B. Nguyen et al, Blueprint for a High-Performance Fluxonium Quantum Processor, PRX Quantum (2023). DOI: 10.1103/PRXQuantum.3.037001. link.aps.org/doi/10.1103/PRXQuantum.3.037001

Retrieved from: Fluxonium Processors Quantum Computing Innovation (2023 April 11) Retrieved April 13, 2023 from https://phys.org/news/2023-04-quantum-fluxonium-processors.html.

This document is protected by copyright. No part may be reproduced without written permission, subject to fair treatment for personal study or research purposes. The content is provided for informational purposes only.

Categories
Sport

Even In Exile, Bob Baffert Is The King Of The Sport Of Kings

Even In Exile, Bob Baffert Is The King Of The Sport Of Kings

ARCADIA, California. – Bob Bafferts was kind to outcasts. Most mornings, the Kentucky Derby-barred jockey can be found under the red-colored court of the San Gabriel Mountains at Clockers 'Clockers' Corner, an open-air bistro in Santa Anita Park.

With his hands in his pockets, he chatted basketball with a group of jockey officers and horse owners on his final morning before heading to position eight to watch his horses in action. Once there, Baffert raised his binoculars to examine the light brigade like a jeweler appraising precious stones.

Baffert Barn horses are the most expensive horses in the world in Southern California. Working owner Amr Zedan paid $3.55 million at auction for a colt named Hejazi, and another $2.3 million for Arabian Knight.

If the name sounds familiar, it should. unless Zedan, the Saudi venture capitalist who owns Medina Spirit, wins the 2021 Kentucky Derby. The stallion tested positive for a banned drug on the day of the race and his win was disqualified. Kentucky regulators later suspended Baffert for 90 days, and Derby broadcaster Churchill Downs banned him from entering horses in the race in 2022 and 2023. Regulators in Maryland and New York upheld the 2022 ban, so Baffert will lose the other two legs of the triple. , Belmont and Praknes.

This attitude has further damaged the sport, with doping scandals, the frequent and mysterious deaths of its horses (Medina Spirit died suddenly in training in 2021) and concerns about declining interest in racing.

After initially accusing Stop the Culture of segregation, Baffert vigorously protested his innocence and sought to overturn his convictions in courts and tribunals from Kentucky to New York.

One place that was clearly not written off was Southern California. In 2022, the Baffert stable won some of the 75 races at Santa Anita, Del Mar and Los Alamitos and earned more than $9.7 million, finishing 12th in the national training standings according to Equibase after Baffert missed the three months. it serves to stop.

On a recent morning, a jubilant Baffert said he would go ahead and talk about his hopes for a return to the Triple Crown Trail at the Preakness in Baltimore in May. He had just returned from the 2-year-old-in-training sale in Ocala, Fla., where Zedan spent $2 million on the colt, adding another high-profile selection to Baffert's stable for the 2024 Derby.

However, within an hour, his attorney, Clark Brewster, said he would agree to the interview if Baffert focused only on a 15-slide Power Point presentation containing legal arguments, Baffert didn't break any rules and didn't have to. to lose . He won the 2021 Derby.

In his affidavit, Baffert said he would "actually be fired" if Churchill Downs were barred from the Derby and all other races he owns. Despite the mistakes, this has not happened because horse owners continue to trust his investments, and trust in him always pays off.

Baffert works with horse owners to buy the best and most athletic horses at auction and then have them win the American classics: the Derby, the Preakness and the Belmont Stakes, the Breeders' Cup race. the value of the horse as a promising horse.

Baffert has sired 16 Classic winners, 18 Breeders' Cup champions and two Triple Crown winners, American Pharoah (2015) and Justify (2018). The Irish Coolmore breeding group bought American Pharoah for $30 million and Justify for $60 million.

Baffert talked about his love for the derby and treated it with the same intensity that Steve Kerr and Bill Belichick brought to their NBA and NFL championships. Of the six official derby wins, Ben Jones, who won between 1938 and 1952, is most associated with the manager.

During a February hearing to overturn the Churchill Downs ban, Baffert was asked how many times he had won America's most famous race.

"Seven," he replied, still hoping for the victory of Medina's Spirit. "I set a record, I'm very proud of it."

Baffert was a Quarter Horse trainer in the late 1980s when longtime horse owner Mike Pegram asked him to switch to Thoroughbreds. In 1998, the pair won the Derby, Praknes, and then lost the Triple Crown at the Belmont to a horse called Real Quiet. Both found the scene they wanted to play.

Pegram said the stress of Medina Spirit's failed drug test and its aftermath may not have been reflected in the performance of Baffert's horses or the prices their owners paid at auction, but it affected Baffert and his reputation.

"Numbers are numbers and Bob is the best," Pegram said. “But when someone attacks you, it hurts. Everyone handles it differently. Bob is a big guy and moving on."

Maybe so, but Baffert is still fighting to overturn his Medina Spirit suspension, his Kentucky and New York suspensions and his ban from running at Churchill Downs. He said the substance found in Medina Spirit's blood, betamethasone, a corticosteroid injected into joints to reduce pain and inflammation, came from the cream, not the injection.

Lawyers for state regulators and Churchill Downs have argued that any amount of drugs should be banned on race day, citing nine positive drug tests on Baffert's horses between 2016 and 2020, arguing that his involvement is detrimental to horse racing.

"You damaged my reputation," Baffert testified in federal court in February. “My horses should earn more. "I didn't run for 90 days and had to let people go."

Immediately after the ban, Baffert gave most of the Derby contenders to other managers, most notably former assistant Tim Yaktin, to earn qualifying points in the final pre-Derby races. Yaktin fielded Taiba and Messier for Baffert last year and saw them finish 12th and 15th.

Pegram put his horses in Baffert's stable, betting on the Derby. One of them, Cave Rock, finished second in the 2022 Breeders' Cup Juvenile to Forte, the champion 2-year-old and current favorite to win the Derby. Cave Rock is among the horses Baffert wants to bring to Baltimore for the Preakness.

"Bob has character, and I hope I have character," Pegram said.

California has been good to Baffert, but it's less clear that it's been good to horse racing in the state. The sport was rocked after 30 horses died in six months at Santa Anita in 2019 after California lawmakers and animal rights activists scrutinized the national news.

In response, state and racing officials tightened regulations on equine herbs, equine medication, training for trainers and jockeys, road safety, and rehabilitation of injured horses. Twelve horses died at Santa Anita last year, and the number of blood-related deaths in California dropped 54 percent in 2019, from 144 to 66.

However, Baffert's Derby disqualification and Medina Speer's death have cast the horse in an unfavorable light at a time when animal rights groups have a strong voice.

Baffert's return to the Triple Crown coincides with the introduction of tougher drug rules. They are governed by the recently formed Equestrian Integrity and Safety Council, which appears to have overcome legal challenges from racing industry groups. Drug testing is now centralized, fast and efficient.

That wasn't the case when Medina Spirit failed a post-race drug test. If the new rules were in place, Medina could have been out of the starting gate for the Spirit Derby because under the basic rules, Baffert would have served at least 180 days and possibly more for previous violations.

In the horse racing community, Baffert's dominance in California is evident among other trainers and owners. 14 of the 16 horses entered for the $200,000 Robert B. Lewis was trained for the Stakes going into the Derby by Baffert. Its owners paid a total of 9.1 million dollars.

Only four horses were entered on race day, and Baffert trained four. The betting was apoplectic and the regulators feared that one manager could control the outcome of the contest. Scott Chaney, executive director of the California Horse Racing Commission, said officials warned jockeys not to cooperate.

"We don't even want any sign of a deal because it's a regulatory issue," Cheney said in an interview.

The competitive imbalance affected the Santa Anita backflow and Del Mar, California's main runway outside San Diego. Some owners decided that if they couldn't beat Baffert, they might as well join him and give him more horses for his already loaded stable. The other coaches grumbled, but refused to go to the plate so as not to appear jealous.

"I don't know about Bob, he's got a strong brand, a good team, and he goes all out," said Bill Nader, president and CEO of Thoroughbred Owners of California. “I think the frustration of the coaches is why not me? This is a valid question. There is no shortage of alternatives. We have Hall of Famers, great teams and young talent, all great coaches and great competition winners."

There is a common complaint among riders that emphasizes the otherworldly nature of horse racing. "No one knows anything."

Horses are expensive. Breeding means nothing if the horse has not run fast. Between injuries and poor performances, Baffert's multimillion-dollar team missed just one Derby qualifier, the Reincarnate, ridden by Yachten.

Derby is everyone's race. Just ask Eric Reid and Sonny Leon, the trainer and jockey of last year's 80-1 winner Rich Strike.

Want to make a good bet? Baffert was shooting a colt in the Baltimore Preakness, ending his Triple Crown chase and reclaiming his place on the horse racing scene.

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Entertainment

Jen Reberger Named SVP Human Resources For Disney Entertainment Television

Jen Reberger Named SVP Human Resources For Disney Entertainment Television

© Provided on time

After a brief stint at healthcare company Medtronic, 15-year Disney veteran Jen Rehberger returns to the entertainment conglomerate as senior vice president of human resources for Disney Entertainment Television. His appointment, effective May 1, was announced in a memo to employees by Disney Entertainment co-chairman Dana Walden.

Rehberger takes over from Sonya Coleman, who was promoted to senior vice president and chief human resources officer at The Walt Disney Company in March.

During his 15-year career at Disney, Rehberger rose through the ranks, holding leadership positions in HR and DE&I at various consumer products, digital gaming, television and streaming content companies. Most recently, she was Vice President of Human Resources at Disney Television.

"Jen's experience, knowledge and passion for fostering a culture of excellence and collaboration will be invaluable to our organization," Walden said in his memo. You can read it in full below.

Equipment,

Sonya Coleman and I are pleased to announce that a familiar face is returning to our organization. Jen Rehberger will join my leadership team as Senior Vice President of Human Resources for Disney Entertainment Television, based out of our Burbank office. Your first day will be May 1st.

Jen is an extremely talented executive who worked at Disney for 15 years before taking a short hiatus. She will take over the role from Sonia who, as you know, was promoted to Senior Executive Vice President and Chief Human Resources Officer at TWDC last month. In her role, Jen will be responsible for supporting the HR business; diversity, equity and inclusion efforts; employee development and engagement; recruitment and compensation; Scouting; training and talent development; and employee relations across our portfolio of brands and groups.

With Sonya transitioning into a new role, our goal was to find someone who could quickly transition into her old role and work with all of us, and I have no doubt Jen is that person. He knows our business and our work and many of you already have a relationship with him. I am confident Jen will build on the foundation she laid during her previous tenure here and help pave an exciting path forward.

Jen is returning from Medtronic, where she was Vice President of Global Human Resources Functions, responsible for the division's human resources strategy. At Disney, he rose through the ranks, holding senior HR and DE&I positions at various consumer products, digital gaming, television and streaming content companies.

Jen's experience, knowledge and passion for fostering a culture of excellence and collaboration will be invaluable to our company. Please join me in welcoming you back to the company. I'm so lucky to have Jen on our team.

Regards, Dana

For more stories like this, follow us on MSN by clicking the button at the top of this page.

Click here to read the full article.

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News

Delaware Judge Sanctions Fox News Lawyers In Dominion Lawsuit

Delaware Judge Sanctions Fox News Lawyers In Dominion Lawsuit

Summer fun returns to New York © Alexi Rosenfeld / Getty Images Summer fun is back in New York

A Delaware judge in Washington on Wednesday acquitted the network's lawyers in a defamation lawsuit against Dominion Voting Systems and Fox News after finding that the hosts and executives withheld evidence they knew the claims were baseless. Audio software and hardware are not supported on Dominion. And the 2020 presidential election.

The testimony related in part to conversations between anchor Maria Batirama and attorney Rudy Giuliani and former Fox News producer Abby Grossberg of Sidney Powell. Two conservative attorneys have hit the airwaves with baseless allegations that Dominion rigged the 2020 presidential election against former President Donald Trump.

The disclosure prompted Delaware Superior Court Judge Eric Davis, the judge overseeing the case, to reopen the case, including allowing Dominion to accept new deposits into Fox's account. He also said he is considering appointing a special master or an independent third party to investigate Fox News' lawyers. Davis ordered them to secure all communications.

The special master may be asked to investigate the failure of Fox's legal team to testify about Fox Corporation Chairman Rupert Murdoch. In court on Tuesday, Fox's lawyers said Murdoch was a Fox News official. Knowing this in advance, Dominion could have expanded its search for relevant Murdoch-related records. A Fox spokesperson responded to the confusion over his role at the news network: "Rupert Murdoch is listed in our SEC filings as the CEO of FOX News for many years. Dominion's attorney referred to that approach in a statement." " ."

The emails and text messages are being made public as part of the Fox-Dominion lawsuit.

Until we meet

Until we meet

"It's a problem," Davis said in court Tuesday, according to the New York Times. "I have to feel comfortable when something is offered to me, it's true," Davis said.

A Fox News spokesperson responded to the development of the sanctions against Davis: “As counsel explained to the court, FOX was developing additional information about Ms. Grossberg when we first learned of it. It's unclear from the statement when Fox learned about Grossberg's additional recordings and the company's filing of the lawsuit.

Grossberg filed a lawsuit against the network, its executives and lawyers last month, according to an update Tuesday that Fox had access to the tapes and transcripts but did not provide them to Dominion when it was discovered in the cable defamation suit. News. Network and its parent company.

In the year In a memo dated November 15, 2020, Giuliani admitted to Bartirama that the Trump campaign could not verify certain allegations related to Dominion and the 2020 presidential election, while Grossberg made separate allegations against the network. .

When Bartrama asked Giuliani what evidence he had of Dominion's involvement, Giuliani said it was "a little complicated," according to the latest filing.

Grossberg's lawyers also pointed out that the footage was recorded by Otter, which records conversations and is popular with journalists.

“Every time Fox News gets MM. He obtained Grossberg's cell phones, Fox News' attorneys, and in turn contacted Fox News and the defendant [Susan] Scott. Ms. who found Grossberg's otter tag and audio recordings at that tag. Rudolph Giuliani, Sidney Powell and other senior members of Trump's presidential campaign wrote in the amended complaint Tuesday. Grossberg is a former CBS News employee.

Susan Scott is the CEO of Fox News, and Grossberg led Fox's lawyers to provide incomplete answers during Dominion's lawsuit against Fox for fraud and deceit.

The attorneys also said in court filings that many of the conversations Grossberg recorded with Otter's software were "sent to and/or communicated with other Fox News executives and employees, including on Fox News email servers."

Attorneys for Fox News, as well as the network and Scott, "had access to audio recordings and transcripts of on-air interviews" because they had access to Grossberg's cellphones and transcripts of his phone calls and emails. Mrs. The Grossberg tapes, Mr. Giuliani, Sidney Powell and other high-ranking government officials who repeatedly publish allegations of voter fraud online are woefully underrepresented, wrote their attorneys Jerry Phililatos and Tanveer Rahman.

Fox and his lawyers failed to provide copies of the documents to Dominion during the defamation suit.

In response to Grossberg's second amended complaint, a Fox spokesperson told CBS that "Fox has complied with its discovery obligations in the Dominion case."

The developments involving Fox's attorneys come a day before jury selection begins, and it's unclear whether they will affect the trial, which begins Monday. Dominion is suing Fox News and its parent company, Fox Corp., for $1.6 billion after the 2020 election, alleging the network spread baseless conspiracies about voting machines, despite knowing the statements were false. Fox said he only reflected on the re-electionist's claims.

Both sides tried to settle the case by seeking summary judgment, but Davis refused to claim the case as a winner before it went to trial. A jury is expected to decide whether Fox committed actual malice by making baseless claims against Dominion and whether the company is entitled to damages, and if so, how much.

In an 80-page opinion last month, the judge said the evidence showed that "any of Dominion's statements about the 2020 election are not clear" and that Fox News' claim that Dominion was controversial was defamatory. . "By himself."

Dominion claims 20 statements aired on the Fox show between November 8, 2020 and January 26, 2021 were false and defamatory.

In the year On "Sunday Morning Futures" on November 8, 2020, Batirama asked Powell about Dominion's voting software and, without Powell providing any evidence, Dominion used an algorithm to match Trump's vote to President Biden's.

Giuliani later appeared on Lou Dobbs' 'Lou Dobbs Tonight' show on November 12, 2020, making unsubstantiated claims about Dominion's ownership.

Nicole Sganga and Scott McFarlane contributed to this report.

Fox and Dominion fight for $1.6 billion in defamation related to 2020 election | 7.30