Los Angeles-based Premiere Entertainment Group has acquired the worldwide distribution rights for Canadian director Donald Shebib's Nighttalk. It debuted at the Toronto Film Festival, starring Ashley Bryant and presenter.
The thrilling film follows an undercover cop (Bryant) to complete a murder investigation using a phone sex app as he discovers his sexuality by engaging in an erotic fantasy of a suspected killer and risks becoming the killer's next victim. Ted Hallett, Emily Andrews and Art Hendel conclude the main cast.
Shabib and Claude Hartz wrote the original screenplay, which was produced by Evdon Productions and Emily Andrews for Filmcoop.
Shabib was a key figure in the development of Anglo-Canadian cinema, in large part for his best-known film, Get On The Road, which premiered at the Fortnight for Directors of Cannes in 1971 and won the Berlin Gold in 1973. The Bears Film Festival was nominated for Best Picture. , 1981's The Witch's Heartache, starring Margot Kidder and Annie Potts.
Shabib said, "My intention in making this film was to portray sex as a major component of the film, mostly in a beautiful and romantic way, not porn at all. I knew Puccini's music could do that, so it was incorporated into the film."
"Working with legendary director Don Shebib is a great honor. I was fortunate to be able to show Night Talk at TIFF and knew Premiere would be the perfect setting for this film," said Carlos Rinco, Senior Vice President of PEG Procurement. "We look forward to introducing the film to buyers at AFM."
Elias Axiom and Carlos Rincon negotiated a deal on behalf of PEG with Evdon Productions.
For more stories like this, follow us on MSN by clicking the button at the top of this page.
As heating bills threaten to reach new highs this winter, these small changes to your home and your habits can help you stay warm and stay on budget in the months ahead. You don't have to try them all, but each one lowers the bill or improves convenience.
Lower the thermostat
The Department of Energy recommends lowering the thermostat temperature by 7-10°F when you are away from home and before bed to save up to 10% ($90) per year on heating bills for the average home. And think of a smart thermostat. “A smart thermostat can automatically adapt to your habits and change the weather using sensors,” says Rebecca Foster, CEO of VEIC, the energy efficiency program manager, “so it optimizes performance for you.” They usually cost $100. at $300, but can save an additional 8% on heating and cooling costs per year. By lowering the water heater temperature from 140°F to 120°F and halving an 8-minute shower, you save $168 a year.
Top Rated CR Smart Thermostat
This premium thermostat allows you to remotely control your home's heating and know your preferences by knowing if you're at home or not and adjusting the temperature accordingly.
“I love fireplaces,” says Larry Zarker, CEO of Building Performance Institute Inc., a nonprofit certification and standards organization. But if not maintained and maintained properly, fireplaces can add to your chimney heating bills. (And since wood smoke can be hazardous to your health, you should only use the fireplace occasionally.)
Check and clean the chimney annually and use chimney insulation to prevent sparks. Close dampers between uses and think of fireplace inserts, tempered glass doors and fireplace heat exchangers that heat the air and return it to the room. Another idea: Install plugs and insulation around chimneys to reduce air leakage by 14% or more. If you don't light the fireplace at all, a fireplace plug (about $60) may be recommended.
Dress your windows well
Insulated shutters and thermal curtains can reduce heat loss through windows by 40% or more. Hang curtains next to panels and place them on the floor or window sill to keep drafts out. Leave curtains and blinds open during the day to trap the sun's heat.
Folding ceiling fan
Rotate the ceiling fan so that it rotates clockwise. This helps to push the warm air rising towards the ceiling towards you.
capture the heat of cooking
Have you finished your lunch? Turn off the stove but leave the door open, says MD Energy Advisors' Christine Chiavardini, and let the residual heat warm your home. You paid for it.
Make your bed comfortable
The flannel sheet has thin, fluffy fibers that act as pockets to retain heat. Cover them with another woolen, fleece, duvet, or duvet and use a hot water bottle or soapstone bed warmer ($47.50 to $57.50 from Vermont Soapstone Co.) between the sheets before rising. .
Upper layer
Instead of turning on the thermostat when you're cold, wear clothes that you can put on and take off as needed. Start with tight-fitting tops and bottoms in competing fabrics (such as tracksuits or long underwear) to help retain body heat, complementing socks and tops with a wool sweater or cotton blouse, oldest boy.
Before going out, cover it with wool or silk. (Both materials retain heat better than, for example, cotton.) Cover the end that cools the fastest. This means wearing a hat, gloves and warm boots.
Put melted ice behind doors and on walkways before the storm hits. Repeat after it snows, but stay home if it's hailing.
In snowy and icy areas, we recommend boots with Arctic Grip (thin and pointed fiber) or Green Diamond (sandpaper type) soles. Or try ice axes or micro studs for traction. Four provide superior control on ice in the CR Test of Best Ice Grips: Kahtoolas, Sportneers, Stabils and Yatta. Jakthrax didn't do well either.
When walking, move so as not to slip. Take short or relaxed steps with your feet flat on the floor and slightly wider than usual. Lean forward slightly at the waist.
When traveling, always keep a charged phone in case you fall and need help.
Editor's Note: This article also appeared in the December 2022 issue of Consumer Reports.
The computing power of quantum machines is currently very low. Expansion is always a big deal. Physicists are now presenting a new architecture for global quantum computers that overcomes these limitations and could soon form the basis for the next generation of quantum computers.
In a quantum computer, a quantum bit (qubit) plays the role of a unit of calculation and memory. Since quantum information cannot be copied, it cannot be stored in memory as in classical computers. Because of this limitation, all qubits in a quantum computer must be able to interact with each other. It remains a huge challenge to build a powerful quantum computer. In 2015, theoretical physicist Wolfgang Leschner, together with Philip Hooke and Peter Zoller, accepted this challenge and proposed a new architecture for quantum computers, now called the LHZ architecture in honor of the authors.
"This geometry was originally designed to solve optimization problems," recalls Wolfgang Lechner of the Department of Theoretical Physics at the University of Innsbruck in Austria. "In the process, we scaled back the architecture to address these optimization issues as efficiently as possible." In this architecture, physical qubits do not represent individual bits, but rather represent the relative coordination between bits. "This means that all the qubits no longer need to interact with each other," explains Wolfgang Leschner. Now he and his team have shown that this concept of valence also applies to universal quantum computers.
Complex operations simplified
An equivalent computer can perform operations between two or more bits on a single qubit. "Quantum computers have performed very well on small-scale operations," said Michael Fellner of the Wolfgang Lechner group. "However, as the number of qubits increases, the implementation of these gate operations becomes more and more complex." In two publications in the journal Physical Review Letters and Physical Review A , the Innsbruck scientists have now shown that stoichiometric computers can perform, for example, quantum Fourier transforms, the basis of many quantum algorithms, with fewer computational steps and therefore faster. . "The high parallelism of our architecture means, for example, that Shor's famous algorithm can work very efficiently for analyzing numbers," Fellner said.
Two-step error correction
This new concept also offers technically effective error correction. Because quantum systems are very sensitive to interference, quantum computers must constantly correct errors. Significant resources must be devoted to protecting quantum information, which greatly increases the number of qubits required. "Our model works with two-step error correction, where one type of error (bit translation error or phase error) is avoided by the hardware used," explained Anette Messinger and Kilian Ender, members of the research team at Innsbruck. There is already an early beta approach to this on multiple platforms. “Other types of bugs can be detected and fixed by software,” Messinger and Ender explain. This will enable the implementation of the next generation of voltage-controlled universal quantum computers. ParityQC, a spin-off co-founded by Wolfgang Lechner and Magdalena Hauser, is already working with scientific and industrial partners in Innsbruck on the possible implementation of the new model.
The research carried out at the University of Innsbruck was supported by the Austrian Science Foundation FWF and the Austrian Research Promotion Agency FFG.
Origin of the story:
Material provided by the University of Innsbruck . Note: Content style and length may vary.
Presentation of a new method for constructing the Fibonacci series in a universal quantum computer
Why did the Union Finance Minister ask the industrial giants to invest in production? Is private sector funding the lowest? Isn't it time for government intervention to step up and increase infrastructure spending?
So far : Last month, Finance Minister Nirmala Sitharaman asked industry leaders what is holding them back from investing in manufacturing. He compared the industry to Lord Hanuman of the Ramayana, stating that the industry does not realize its strength and should move forward with confidence. He said, "Time to go to India … We can't miss the bus."
Why did you call them that?
Of course, the finance minister did not expect the investment to go as well as he would have liked. In an effort to stimulate private investment, the government reduced the tax rate for domestic companies from 30% to 22% in September 2019 if they stop using any other tax SOPs (standard operating procedures).
Niranjan Rajadhyaksha, CEO of Artha Global, says private sector investment in India has been weak for nearly a decade. "If we look at the drivers of economic growth right now, we will see that we are flashing amber. Export records will be threatened by a global slowdown and the government's ability to support domestic demand will also be limited by shrinking budget deficits. Due to the K-shaped recovery, private consumption is concentrated only in parts of the income pyramid.
What is the current scenario?
Let's see some indicators of the last few months; In general, the changes in the numbers match the previous year's data, but when we have been experiencing sudden, life-changing changes such as the pandemic for at least two years, it is advisable to analyze whether the numbers have changed quarterly. quarter or month … month month has changed. This gives us an idea of how well or badly we are recovering. In GDP data for the quarter ended June, 2011-2012 gross fixed prices (GFCFs) increased 9.6% to £ 12.77 billion, compared to £ 11.66 billion in the first quarter before the pandemic . This comes in an overall GDP growth of 2.8% to KRW 36.85 billion in the first quarter of 2020, compared to KRW 35.85 billion in the first quarter of 2020. From £ 5.68,104 in the first quarter of 2020. fiscal year 23 of fiscal 2020 from April to June compared to January and March of the previous quarter, we see that the sector shrank by 10.5%. While private final consumption expenditure, one of the main pillars of our economy, grew by 26% year-on-year in the June quarter, private spending in the April-June 2022 period of £ 22.08 billion was £ 54 billion. of pounds. £ 2.4 billion. % less than what was spent in the previous quarter. And the GFCF, taken as an indicator of private investment, fell by 6.8% compared to the previous quarter.
Read also | What is the state of private sector investment in India? | podcast in focus
Industrial production has shown growth in each of the first five months of this financial year since April, compared with the previous year; but, worryingly, the monthly numbers, as seen in the S&P Industrial Production (IIP) Index and the S&P Purchasing Managers (PMI) Index by Production, have increased. Earlier this month in The Hindu magazine, Pulapre Balakrishnan, a professor at Ashoka University in Sonipat, Haryana, said that public capital spending is ahead of private investment, but that public spending needs a constant trend for at least half a century or so. help generate excitement in the private sector. While the government's intention to actively spend on infrastructure in the fiscal year budget is encouraging, it says the cycle should have started years ago. Now that the government has announced its intentions, it says it must now focus on some priorities; First, you need to identify the right projects – infrastructure investments that will increase productivity. Second, it warns that inflation can undermine the best public spending programs and calls for an increase in agricultural production to help reduce food inflation.
And the order?
Private companies invest when they appreciate their profits, which come from demand. The Center for Monitoring Indian Economy (CMIE) Consumer Sentiment Index is still below pre-pandemic levels, but above what we saw 12-18 months ago. The RBI Monetary Policy Report of September 30 stated: "Data for the second quarter [end of September] shows that aggregate demand remains solid, supported by the continued recovery in private consumption and investment demand." It shows that seasonally adjusted capacity utilization rose to 74.3% in the first quarter, the highest level in the past three years. Manufacturing companies have seen steady growth in new orders, while infrastructure companies have shown optimism on the overall state of business, revenue and employment in the second quarter: 2022-2023.
In an article on the state of the economy in the RBI Monthly Bulletin published last week, the authors, led by Lieutenant Governor Michael Debabrata Patra, pointed out that high-impact sectors are likely to drive rejuvenation as pandemic-related restrictions are loosened. "The expenditure linked to the festival has already stimulated consumer demand, with positive repercussions from other components of domestic demand".
Artha Global's Dr Rajadhyaksha says we are a little behind in terms of capacity utilization as the investment cycle usually begins. Capacity utilization is much better than in the pandemic, when it dropped to 67-68%. He says the rule of thumb is that the capital investment cycle really begins when capacity utilization reaches 78-80%. We swim in this region, but not yet. "If I had to venture a hypothesis, the private investment cycle should reset in the coming months, barring some real event that will bring back the entire global economy."
In August, UBS Evidence Lab India conducted an online survey of 1,500 consumers. Nearly three-quarters of respondents in this survey indicated that their income level is stable or increasing (up from 54% in the August 21 survey). The results show a strong propensity to buy cars and two-wheeled vehicles, a divergent propensity for ownership and moderation in some consumer durables (including computers / laptops, refrigerators, air conditioners). (The survey mainly refers to the "upper income" or "upper middle income" sections of India's income pyramid by socioeconomic classification and is therefore not representative of the majority of the population, according to UBS.)% Of respondents who have stated that they intend to increase their savings by the end of the year.
And this could be the key to kick-starting the investment cycle in response to the finance minister's appeals.
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Directed by Lorcan Finnegan. With Eva Green, Mark Strong, Chai Fonacier, Katie Belton and Billy Gadsdon.
SYNTAX .
A fashion designer suffers from a mysterious illness that confuses her doctors and frustrates her husband until help arrives from a Filipino caregiver using traditional home remedies to uncover the horrible truth.
At the beginning of Lorcan Finnegan's delightfully culturally significant but slightly aberrant Nocebo , Eva Green meets or hallucinates Christine, a successful children's clothing designer who looks like a dead dog covered in ticks. Real or imagined exposure to the parasite left Kristin with many side effects: uncontrollable jitters in her shoulder, short-term memory loss, migraines, and more.
Needless to say, her career is on hold and her life has practically come to a standstill, making it difficult for her and her often overworked husband Felix (Mark Strong) to find time to date. his student Roberta (friends nicknamed Bobs, played by Billy Gaddon).
To the rescue comes Diana (Chai Fonacie), a Filipina nanny who doesn't remember what she hired. It is also revealed that Diana can take care of Bobs (who is often rude and disrespectful, not too eager for anyone else to interfere as a mother) and clean the house; He is also an expert in mystical healing techniques that give Christine quick results and take her away from conventional medicine.
A lot of this is based on Filipino folklore, where Diana tells a supernatural story that we, like Christina, aren't sure we believe. Felix is also becoming increasingly suspicious of these experiences, helplessly caught up in the dynamic.
The script by Gareth Shanley (a frequent collaborator with Lorcan Finnegan, who worked with him on the excellent suburban nightmare thriller Vivarium ) can move quickly, delving into culture-specific themes and introducing aspects of folklore with grim arrests of healing or revenge. While it's not hard to figure out what's going on in Nocebo (lots of hand wringing, one character creates a metaphor), the patient approach allows the character to get the spotlight he deserves. Radek Ladchuk's photographs also deftly and cleverly frame the characters, thus bridging class differences.
There are many memories from Diana's homeland that remind her of her family life, including the age of her husband and daughter Bob. This makes the class elements of the story more tangible outside of the endgame. At the same time, folklore is treated in greater depth, ensuring that the filmmakers respect this culture after presenting the gory aspects.
Deviations are easy to spot, though, and even at 97 minutes , Nocebo feels overwrought at times, leaving viewers waiting for the inevitable reveal. But social horror effectively focuses on these characters and the unacceptable situations that are shown. Chai Fonassier is also in complete control of Diana's character, measured and nuanced, perfect for both dramatic and horror beats.
Eva Green has a more brilliant performance about breakdowns and the inability to separate fact from fantasy. The horrors are refreshingly reminiscent of Filipino folklore and are visually realized with twisted imagination.
Robert Coder is a member of the Chicago Film Critics Association and the Critics Association. He is also the editor of the Flickering Myth Review. Read new reviews here, follow the news on Twitter or Letterboxd, or write to [email protected].
The Dream & Drive Sweepstakes has over $1.4 millionand a new car as the top prize.
FORT LAUDERDALE , Fla. , Nov. 1, 2022 /PRNewswire/ — AutoNation, Inc. (NYSE: AN), America's largest and most popular auto dealer, today announced that it is celebrating its 14 millionth vehicle sale. According to Reputation, the auto dealer has reached this milestone and is a significant achievement for the industry leader with the most 5-star reviews of any auto dealer group of all time.
To celebrate the occasion, AutoNation is partnering with TLC Marketing, a global leader in marketing rewards programs, to launch a 23-day Dream & Drive Sweepstakes starting November 1st where customers can win over $1.40 online each day. million in prizes. Prizes include gift cards for travel, hotel stays, restaurants, fuel, entertainment and movies, as well as subscriptions to services, spa treatments and more. Participating players can also win up to 25 tickets per day for the grand prize of a new truck.*
"14 million vehicle sales is a significant milestone for AutoNation and is made possible by the passion and dedication of our people," said Mark Cannon, AutoNation Executive Vice President and Chief Account Officer. "Together, we have seized this opportunity by demonstrating what it means to be great by delivering quality vehicles and an unmatched customer experience to satisfied car buyers from coast to coast."
AutoNation demonstrates its commitment to exceeding customer expectations by having one hundred twenty-nine (129) AutoNation locations certified by the JD Power Dealer of Excellence 2022 program, which recognizes a number of auto dealers in the United States that provide exceptional customer service. . .
The auto retail giant, founded in 1996 with just 12 AutoNation stores, now has more than 250 retailers nationwide selling affordable new and used cars and related services. The company is committed to meeting the needs of its customers and the communities it serves.
AutoNation has also made DRVPNK (Drive Pink) and its mission to end cancer its unique charity and an integral part of its culture, raising and donating nearly $35 million to cancer charities since 2013. As part of the annual initiative of DRVPNK. AutoNation Associates joined an all-star team that included Inter Miami CF players Aimee Mabiko and Robbie Robinson , Miami Marlins Anthony Bender and Cody Poteet, and Miami Dolphins player Liam Eichenberg at the annual Drive Pink Across America Day at DRV PNK Stadium. Employees filled 500 Totes for Hope cancer bags and delivered them to hospitals and treatment centers in South Florida . AutoNation employees from stores across the country helped deliver thousands more packages to local cancer facilities in their markets.
To learn more about the Dream & Drive sweepstakes, visit AutoNationSweeps.com. * See AutoNationSweeps.com/terms for more information and sweepstakes rules.
About AutoNation, Inc.
AutoNation, a provider of personal transportation services, is driven by innovation and transformation. As one of America's most respected companies, AutoNation delivers an unmatched customer experience, recognized by Reputation and JD Power, leaders in data-driven consumer ratings. Bold leadership and brand affinity make the AutoNation brand synonymous with "DRVPNK" and "What drives you, drives us." AutoNation focuses on personal transportation services that are simple, transparent and customer-centric.
Please visit www.autonation.com, investors.autonation.com and https://twitter.com/AutoNation for more information about the company, its business and performance. Also visit www.autonationdrive.com, AutoNation's automotive blog, for updates on the AutoNation community, the automotive industry and the latest automotive news and trends.
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I'm giving my 10,000,000 subscribers 10,000,000 ___
Searching Google today, users noticed that the site had adapted the iconic logo to celebrate the local North American sport of stickball.
St. Paul's iconic Google logo design by Native American artist Marlena Miles celebrates one of North America's oldest team sports.
What is stickball?
Often compared to lacrosse, stickball was first played by several Native American tribes, including the Cherokee, Chickasaw, Choctaw, Seminole, and Euchee.
A Cherokee story describes the first stickball game played by land animals and birds.
The bear, deer and turtle were very confident that they would win the game because of their strength, but the bird team used speed and cunning to outwit the land animals and eventually won the game.
Traditional stickball games were often played over several days by 1,000 people from competing tribes. The game played a major role in keeping the peace and was often organized rather than violent.
In addition to settling disputes, it was also used as a practice to train young warriors for battle and as a supplement to the joy of festivals and holidays.
Today, stickball is still played by groups across North America. Players take turns throwing the ball into a field that has two posts or poles on each side. Stickball sticks have a rounded tip and are used to throw the ball across the court to teammates who hit or touch the stick to score points.
Each match begins with traditional rituals that often involve puffing or burning tobacco. This is meant to clear players' minds before the game starts.
Although the rules and traditions of stickball have changed over time, the core of the game remains an important way for communities to stay close to indigenous traditions.
Why is Google celebrating Stickball?
In 1990, President George W. Bush declared November as Native American Heritage Month. Repeat President Joe Biden's October 31, 2022 statement.
Biden said. “Therefore, I, Joseph R. Biden, Jr., President of the United States, by the authority vested in me by the United States Constitution and laws, do hereby proclaim November 2022 as Native American National Heritage Month.
"I call on all Americans and their federal, state and local elected representatives to celebrate this month with appropriate programs, events and ceremonies and to designate November 25, 2022 as Native American Heritage Day."
Google Doodle's November 1 stickball illustration celebrates the first day of Native American Heritage Month.
Illustrator Marlena Miles told Google: "I was excited to create something fun and meaningful and to teach a lot of people about an ancient indigenous game that is still played today."
After creating the imagery that Google now boasts in North America, Miles listened to interviews and documentaries to gain a deeper understanding of the game.
"It is a healing game for society as a whole," he explained. "People don't just play to win, they play for the health of their communities. Sports have played an active role in many of our tribes for generations and will continue to do so.”
1701 Knight Survivor Unlocked x999 Army Full Stuff – Stick War Legacy
We'll get the Reserve Bank 's final interest rate decision at 2:30pm ET, about half an hour before certain races in Melbourne.
As noted in the previous article, the surprisingly strong September quarter CPI made an RBA cash rate hike a better bet than anything else in today's four columns. The main tension is how far he will go.
At its October meeting, the bank surprised most economists with a 25 basis point hike, ending a streak of four "extremely large" double hikes. By slowing growth, the RBA became the first central bank to do so.
But after a jump in inflation (especially in core inflation, the shortened average closely watched by the RBA), the chances are higher; quarter point today.
Dividing the difference by 40 bp will produce a cleaner number. A number like 3% is rounder than 2.85% or 3.1%, although aesthetics are not important to the RBA board.
However, we will meet or exceed a 275 basis point rate hike in the second half of 1994, the fastest central bank tightening ever.
Analysts such as ANZ chief economist Katherine Birch will focus on the changes in the explanation accompanied by RBA chief Philip Lowe .
Whether he will continue to stress the importance of a "balanced economy" or return to tougher language such as the need to "reduce inflation at all costs," echoing the tone of some of his foreign counterparts, Birk said .
Both ANZ and Westpac plan to raise the RBA rate to 3.85% in the first half of 2023.
According to RateCity , for a typical homeowner paying principal and interest on a 25-year, $500,000 mortgage, rate hikes starting in May (assuming they pass) will add another $1,059 per month.
So today's pain probably won't be the last.
AMERICANS ANSWER THE 19 UNWRITTEN RULES OF LIFE IN AUSTRALIA!
Twenty-two years ago, as frustration over the influx of money into California politics grew, the powerful state legislature convinced voters to approve campaign finance reform. This limits the amount that donors can donate to individual candidates and makes political parties the main intermediaries in government campaigns.
The idea is that California Democrats and Republicans will work with legislative leaders to decide which candidate to favor and then pour in money to help them win. And since then, more or less so.
But now, fueled by simmering discontent in Sacramento, a new generation of lawmakers are testing the boundaries of the law, touring their party and raising funds for their own campaign to change the speaker of the House of Representatives, one of the most powerful positions in the country of California. political.
Members of the House of Representatives are divided on whether to replace President Anthony Rendon, a Los Angeles County Democrat who has been in office since 2016 longer than any other seat since the 1990s. Rendon turned down Rivas' challenge this spring due to an awkward dead end, but is looking for a rematch. Two days after the Nov. 8 election, House Democrats will convene in Sacramento to elect a leader.
Tension has more to do with leadership style and personality than politics or politics. Both Rivas and Rendon are supported by both moderates and progressives, and also have strong voting records for a bill supported by labor unions and environmentalists.
Rendon's leadership was very careless, passing important decisions to the chairman of the committee and refusing to include his name in the law. The lack of leadership created chaos that angered some MPs. Rivas said his style would be more active. And with a term that allows him to serve up to another eight years (since Rendon will be expelled in 2024), Rivas presents himself as a visionary leader.
At stake is the power to determine what law is in place in California and how the state spends about $300 billion annually. Contests for the presidency are usually confidential, but it is public. Each has consultants and public relations and political operations specialists who help elect Democrats in the assembly.
This is where an unusual campaign finance maneuver takes place. Rivas and the other 18 members of the assembly poured almost $900,000 into a political action committee to elect the people they hope will support Rivas for president. The Democratic Leadership Coalition PAC purchased email ads to support 15 parliamentary candidates, and Rivas traveled the state to help them.
Typically, this office is held by the incumbent president, who is funded by the California Democratic Party, some of which is donated by members of the Democratic House. But lawmakers who support Rivas fear that Rendon will use the money they gave the party to persuade candidates to support him in the presidential election.
Rendon's supporters see the PKK as proof that Rivas is trying to buy votes. They note that the new PAC spends most of its money helping Democratic candidates as well as supporting Democrats in swing constituencies.
And they fear that Rivas is connected to a wealthy donor network called Governance for California, which is made up mostly of venture capitalists and philanthropists from the Gulf and is run by former governor adviser Arnold Schwarzenegger. While its mission is to counter the influence of Sacramento's social unions, the network contributes to legislators across the ideological spectrum, including Labor supporters. He made large donations to Rivas, hired his brother Rick Rivas as a political advisor, and helped Rivas supporters race for speakers.
Bill Wong, a Democratic political adviser and longtime Rendon ally, said the flow of money from the government to California donors to Rivas supporters is "selling our politics."
But isn't politics sold? Many billionaires also donate to the Democratic Party of California, as well as to labor unions and corporations fighting for lawmakers to choose the next speaker. The group spent six times as much on rally racing as Rivas' ally PAC had collected. And the biggest money of all in the general election was independent, interest-funded, and indirect candidate spending, which far exceeded that of the Democrats and the GAC by $44 million.
Rendon said in a statement that fundraising through the Democratic Party was the best way to help candidates as delegates vote at the annual convention on who should receive full party support.
A provision of the Campaign Finance Reform Act, passed by voters in 2000, states that candidates cannot contribute money to an independent spending committee to support or oppose another candidate. However, in 2014, a California High Court judge ruled that the provision was unconstitutional because the Supreme Court's Citizens United ruling gave the group the right to spend an unlimited amount on independent spending.
California's political watchdog, the Commission on Fair Political Practice, said the law is still in effect because it has not been struck down by lawmakers or an appeals court.
I asked Jessica Levinson, a professor at Loyola Law School who specializes in campaign finance law, what was causing this mess. A generation ago, he said, there was more optimism that new laws could limit campaign spending, but "now it's just free for everyone when it comes to money in politics."
While it's strange to see current MPs breaking rules that their predecessors called "proper campaign finance reform," it seems likely that MPs who have lost faith in their leader could create their own channel for campaign spending. The more important question is how a divided congregation will recover from such a deep loss of faith in its leadership.
This story originally appeared in the Los Angeles Times.
In this case, the company's warnings may increase.
Companies with too little and too much commitment achieve above-average returns in the long term. Exact Sciences Corp. could have such a surprise in store when it reports its third-quarter 2022 operating results in early November.
The leader in genetic testing previously told investors it was expecting revenue of $497.5 million in the third quarter. This includes sales of approximately $342.5 million for a colorectal cancer screening product, the only genetic testing device on the market to generate at least $1 billion in annual sales. The Company By 2022, the company forecasts sales of $2 billion, of which $1.32 billion will come from home filter devices.
The company deliberately advised cautiously. At the very least, the company is well-positioned to meet its full-year guidance and deliver healthy year-over-year growth. It could be so easy to see Cologard dominate.
During an August conference call to discuss second-quarter 2022 operating results, at least one Wall Street analyst asked management directly if it was overly conservative with its guidance. You were right.
Exact Sciences told investors it doesn't expect sales to exceed $335 million in the second quarter of 2022, but the home control device did post quarterly sales of $344 million. It was easy in the middle of the trip.
Despite the favorable pace, management hasn't raised 2022 revenue guidance for ColoGuard. Merchandise revenue is expected to remain approximately $1.32 billion for the year. Let's open the box:
The latest forecast puts colon cancer diagnostic equipment sales at $679 million in the second half of 2022. This is a relatively small increase from the $641 million paid out in the first half.
Finally, Cologard's third quarter revenue is forecast to be lower than the second quarter. This means that Cologard's sales in the fourth quarter will be below the result of the third quarter. It doesn't make much sense and doesn't follow historical sales trends.
This suggests that Cologuard could deliver another solid set of sales and strength management in Q3 to boost its 2022 sales guidance — at least as far as its core product is concerned.
Precision Science's ability to increase its 2022 revenue guidance for its integrated product portfolio may depend on the strength or weakness of precision oncology devices. Recent guidelines indicate that these tissue biopsy tests are only increasing at 4% per year. While that includes the recently sold prostate cancer device, there are more general headaches.
One thing investors should keep in mind is that Clarity's oncology portfolio is heavily exposed to international currency headwinds. A strong US dollar hurts many global companies in 2022. Exact Science derives almost all of its revenue from the US, which has an advantage over central bank monetary policy. The caveat is that international sales are becoming an increasingly large driver for the company's precision oncology devices.
In other words, the most likely scenario is probably more complicated. Solid science could benefit from the strength of Cologuard, which looks set to easily pass 2022 guidelines.
Even in these mixed conditions, business remains strong. Achieving 2022 revenue guidance of more than $2 billion represents a 13 percent increase over the prior year. That's a respectable growth rate for a company of its size — and especially when compared to a difficult operating environment that hampers many smaller rivals. Anyway, it all depends on Colorguard.
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