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Humana Inc. stock underperforms Monday when compared to competitors despite daily gainsCrescent Capital BDC, Inc. ( NASDAQ:CCAP – Get Free Report ) declared a quarterly dividend on Saturday, December 28th, Wall Street Journal reports. Shareholders of record on Tuesday, December 31st will be given a dividend of 0.42 per share on Wednesday, January 15th. This represents a $1.68 annualized dividend and a dividend yield of 8.51%. The ex-dividend date is Tuesday, December 31st. This is a positive change from Crescent Capital BDC’s previous quarterly dividend of $0.07. Crescent Capital BDC has a dividend payout ratio of 81.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Crescent Capital BDC to earn $2.07 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 81.2%. Crescent Capital BDC Price Performance CCAP stock opened at $19.75 on Friday. The firm has a market cap of $731.97 million, a P/E ratio of 7.75 and a beta of 0.82. The firm’s fifty day moving average is $19.04 and its 200 day moving average is $18.73. Crescent Capital BDC has a 52 week low of $15.91 and a 52 week high of $20.03. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.26 and a current ratio of 1.26. Analyst Ratings Changes Read Our Latest Stock Report on Crescent Capital BDC About Crescent Capital BDC ( Get Free Report ) Crescent Capital BDC, Inc is as a business development company private equity / buyouts and loan fund. It specializes in directly investing. It specializes in middle market. The fund seeks to invest in United States. Read More Receive News & Ratings for Crescent Capital BDC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crescent Capital BDC and related companies with MarketBeat.com's FREE daily email newsletter .
Trump taps Kash Patel for FBI director, an ally who would aid in his effort to upend law enforcementThanksgiving Week Oversold Stocks to Watch:CRDL, QBTS, PRSO, RGTI & More! 11-25-2024 10:56 PM CET | Business, Economy, Finances, Banking & Insurance Press release from: ABNewswire As Thanksgiving approaches, investors are turning their attention to oversold stocks across some of the most innovative sectors in the market. This week's focus spans industries like biotechnology, healthcare, wireless technology, quantum computing and artificial intelligence-each offering promising opportunities despite recent declines in stock prices. With advancements in these cutting-edge fields continuing to shape the future, these undervalued stocks could provide high-reward potential for those looking to capitalize on market inefficiencies. 1. Cardiol Therapeutics (NASDAQ: CRDL) showcased CardiolRx Trademark at the American Heart Association Scientific Sessions 2024, highlighting its rapid pain relief and inflammation reduction in recurrent pericarditis, with potential to address unmet needs in myocarditis care causing sudden cardiac death in people at any age. See Entire News Article [ https://can01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fcfnmedianews.com%2Fcardiol-therapeutics-advancing-orphan-drug-trial-to-phase-2-3%2F&data=05%7C02%7Cchris.firman%40cardiolrx.com%7C1715faf91dfa468709ca08dcff34a8ce%7C6f2a47bd841b4886a2a58b23821e169d%7C0%7C0%7C638665848850043412%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=5My0%2FS5P7%2BjS0e%2FtomRhfTRBgqWgGv2aH4GKgmVObeQ%3D&reserved=0 ] 2. QMMM Ltd. (NASDAQ: QMMM): Emerging tech firm advancing quantum material applications, offering intriguing prospects for those seeking exposure to frontier technologies. 3. Peraso Inc. (NASDAQ: PRSO) received a $3.30 price target from Intro-Act, reflecting strong Q3 2024 results, reporting $3.84M Q3, cost reductions, global market traction, and a promising sales pipeline in the mmWave technology sector. [ https://thestreetreports.com/wp-content/uploads/2024/11/PRSO-Inter-Act-Report.pdf ] 4. Rigetti Computing Inc. (NASDAQ: RGTI): Quantum computing pioneer with recent developments that could redefine industry benchmarks, attracting renewed investor attention. 5. D-Wave Quantum Inc. (NYSE: QBTS): Industry leader in quantum annealing solutions, trading near lows despite advancing new quantum hybrid capabilities. 6. Palladyne AI Corp. (NASDAQ: PDYN): AI-driven company with a strong product pipeline that could disrupt multiple industries, currently undervalued amid market volatility. 7. Wearable Devices Ltd. (NASDAQ: WLDS): Developer of next-gen wearable tech with innovative neural control systems, presenting a speculative opportunity for growth-focused investors. 8. CS Diagnostics Corp. (OTCQB: CSDX) a renowned member of the CS Group, is a medical sector leader committed to advancing patient care through innovative solutions and is the sole owner of the property CS Protect- Hydrogel. CS Protect-Hydrogel, a hydrogel-based tissue spacer used in radiation therapy to increase the distance between cancer cells and healthy tissue and thus protect healthy tissue from damage caused by high doses of radiation to CS Diagnostics Corp. 9. Triller Group Inc. (NASDAQ: ILLR) has appointed Sean Kim, former Head of Product at TikTok and a leader at Amazon Prime, as CEO of Triller App and Triller Platform Co., aiming to drive the app's transformation into a global social media and entertainment powerhouse. 10. Power Nickel (TSX.V: PNPN | OTCQB: PNPNF) attracts investors with high-grade polymetallic assets, leveraging strong demand for base and precious metals in stable markets. These oversold stocks could present a golden opportunity for investors looking to capitalize on potential turnarounds and breakthrough technologies. Disclaimers: The Private Securities Litigation Reform Act of 1995 provides investors with a safe harbor with regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, assumptions, objectives, goals, and assumptions about future events or performance are not statements of historical fact and may be forward looking statements. 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Media Contact Company Name: The Street Reports Contact Person: Editor Email:Send Email [ https://www.abnewswire.com/email_contact_us.php?pr=thanksgiving-week-oversold-stocks-to-watchcrdl-qbts-prso-rgti-more ] Country: United States Website: http://www.thestreetreports.com This release was published on openPR.None
San Francisco 49ers running back Christian McCaffrey and top backup Jordan Mason are being placed on injured reserve. McCaffrey left the snowy field in Buffalo on Sunday night after a 5-yard gain that was preceded by him heading to the sideline in apparent pain at the end of an 18-yard run. McCaffrey was diagnosed with a posterior cruciate ligament injury in his right knee and did not play in the second half. The 49ers also lost Jordan Mason, who emerged in a starting role with McCaffrey out the first two months of the season, to an ankle injury. Head coach Kyle Shanahan said Monday that Mason has a high-ankle sprain, which typically requires a recovery window of 4-6 weeks. Those moves push rookie Isaac Guerendo into the RB1 spot. He scored the team's only touchdown at Buffalo. The IR slots in San Francisco are manned by multiple starters, including wide receiver Brandon Aiyuk, linebacker Dre Greenlaw, defensive tackle Javon Hargrave and safety Talanoa Hufanga. Mason had a team-leading 789 rushing yards and scored three touchdowns. Being placed on IR means he's not eligible to play until the regular-season finale at Arizona. McCaffrey had 53 yards on seven carries on Sunday night and caught two passes for 14 yards before exiting. He was playing in just his fourth game of the season after missing the first eight because of Achilles tendinitis. McCaffrey was the NFL Offensive Player of the Year last season, when he led the league with 2,023 yards from scrimmage: a league-leading 1,459 rushing yards and 14 touchdowns plus 67 catches for 564 yards and seven scores. McCaffrey hasn't scored a touchdown in his four appearances this season. He has rushed for 202 yards on 50 carries and caught 15 passes for 146 yards. "It was frustrating," Shanahan said after the game. "He had a great week of practice and I could feel his urgency and stuff and thought he came out great, looking really good, and it looked like he just got his shoestring there. ... I hurt for him, and tough for our team not having him." The 49ers (5-7) played without defensive end Nick Bosa (oblique) and left tackle Trent Williams (ankle) in the 35-10 loss. San Francisco has lost three in a row heading into next Sunday's game against the Chicago Bears (4-8) in Santa Clara, Calif. San Francisco resides two games behind the NFC West-leading Seattle Seahawks (7-5) with five games remaining on the schedule. Seattle and San Francisco split their season series. --Field Level MediaHow Washington outsider Jimmy Carter wooed voters tired of Vietnam and WatergateSan Francisco 49ers running back Christian McCaffrey and top backup Jordan Mason are being placed on injured reserve. McCaffrey left the snowy field in Buffalo on Sunday night after a 5-yard gain that was preceded by him heading to the sideline in apparent pain at the end of an 18-yard run. McCaffrey was diagnosed with a posterior cruciate ligament injury in his right knee and did not play in the second half. The 49ers also lost Jordan Mason, who emerged in a starting role with McCaffrey out the first two months of the season, to an ankle injury. Head coach Kyle Shanahan said Monday that Mason has a high-ankle sprain, which typically requires a recovery window of 4-6 weeks. Those moves push rookie Isaac Guerendo into the RB1 spot. He scored the team's only touchdown at Buffalo. The IR slots in San Francisco are manned by multiple starters, including wide receiver Brandon Aiyuk, linebacker Dre Greenlaw, defensive tackle Javon Hargrave and safety Talanoa Hufanga. Mason had a team-leading 789 rushing yards and scored three touchdowns. Being placed on IR means he's not eligible to play until the regular-season finale at Arizona. McCaffrey had 53 yards on seven carries on Sunday night and caught two passes for 14 yards before exiting. He was playing in just his fourth game of the season after missing the first eight because of Achilles tendinitis. McCaffrey was the NFL Offensive Player of the Year last season, when he led the league with 2,023 yards from scrimmage: a league-leading 1,459 rushing yards and 14 touchdowns plus 67 catches for 564 yards and seven scores. McCaffrey hasn't scored a touchdown in his four appearances this season. He has rushed for 202 yards on 50 carries and caught 15 passes for 146 yards. "It was frustrating," Shanahan said after the game. "He had a great week of practice and I could feel his urgency and stuff and thought he came out great, looking really good, and it looked like he just got his shoestring there. ... I hurt for him, and tough for our team not having him." The 49ers (5-7) played without defensive end Nick Bosa (oblique) and left tackle Trent Williams (ankle) in the 35-10 loss. San Francisco has lost three in a row heading into next Sunday's game against the Chicago Bears (4-8) in Santa Clara, Calif. San Francisco resides two games behind the NFC West-leading Seattle Seahawks (7-5) with five games remaining on the schedule. Seattle and San Francisco split their season series. --Field Level Media
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FAAS stock touches 52-week low at $0.5 amid market challenges49ers RBs Christian McCaffrey, Jordan Mason placed on IRAfter Trump's win, Black women are rethinking their role as America's reliable political organizers
General Mills Inc. stock underperforms Monday when compared to competitors despite daily gainsGretchen McKay | (TNS) Pittsburgh Post-Gazette Beans are kind of like the your best friend from high school — nearly forgotten but always ready to step back into the limelight and help out an old pal when needed. As gorgeously (and tantalizingly) demonstrated in Rancho Gordo’s new cookbook, “The Bean Book: 100 Recipes for Cooking with All Kinds of Beans” (Ten Speed, $35), beans are indeed a magical fruit, though not in the way you heard as a kid. Classified as both a vegetable and a plant-based protein in the USDA’s Dietary Guidelines for Americans, beans and other legumes can be the ingredient you build an entire vegetarian or veggie-forward meal around. Or, they can help an economical cook stretch a dish twice as far with nutritious calories. A healthful and shelf-staple plant food — they last for years when dried — beans have been among a home cook’s most reliable pantry items for a very long time. (Common beans (Phaseolus vulgaris) are thought to have been grown in Mexico more than 7,000 years ago.) That’s why, for some, they’re often something of an afterthought, especially if the only time you ate them as a kid was when your mom tossed kidney beans into a pot of beef chili or made baked beans (with brown sugar and bacon, please!) for a family cookout. Vegetarians have always appreciated their versatility and nutritional punch, and because they’re cheap, they also were quite popular during the Great Depression and World War II as C rations. Sales also peaked during the coronavirus pandemic, when shoppers stockpiled long-lasting pantry essentials. It wasn’t until Rancho Gordo, a California-based bean company, trotted out its branded packages of colorful heirloom beans that the plant began to take on cult status among some shoppers. Unlike the bean varieties commonly found in even the smallest grocery stores, heirloom beans are mostly forgotten varieties that were developed on a small scale for certain characteristics, with seeds from the best crops passed down through the generations. The result is beans that are fresher and more colorful than mass-produced beans, and come in different shapes and sizes. They also have a more complex and intense flavor, fans say. “The Bean Book” dishes up dozens of different ways to cook Rancho Gordo’s 50 heirloom bean varieties, which include red-streaked cranberry beans, mint-green flageolets, black and classic garbanzos and (my favorite) vaquero — which wear the same black-and-white spots as a Holstein cow. Other gotta-try varieties (if just for the name) include eye of the goat, European Soldier, Jacob’s Cattle and Good Mother Stallard, a purple bean with cream-colored flecks. “The very good news is that you have to work extra hard to mess up a pot of beans, and it’s not difficult to make an excellent pot,” Steve Sando writes in the book’s foreword. “The even better news is that you become a better cook with each pot you make.” Not convinced? Here are five reasons to jump on the bean bandwagon: Even the smallest grocery store will have a selection of dried and canned beans. Common varieties include black, cannellini (white kidney), Great Northern, pinto, navy, kidney, Lima and garbanzo (chickpea) beans. Even when they’re not on sale, beans are a bargain at the supermarket. Many varieties cost less than $1 a can, and dried beans are an economical way to build a menu. I paid $1.25 for a one-pound bag of cranberry beans, a smooth and velvety bean with a slightly nutty flavor, at my local grocery store. Rancho Gordo’s heirloom beans cost substantially more. (They run $6.25-$7.50 for a one-pound bag, with free shipping on orders over $50.) But they are sold within a year of harvest, which makes them more flavorful and tender. A bag also comes with cooking instructions and recipe suggestions, and the quality is outstanding. Plus, after cooking their beans with aromatics, “you are left with essentially free soup,” Sando writes in the cookbook. “If you drain properly cooked and seasoned beans, the liquid you are left with is delicious.” Beans are a great source of plant-based protein and both soluble and insoluble fiber, and they include essential minerals like iron, magnesium and potassium. If you’re watching your weight or following a particular diet, beans are naturally free of fat, sodium and cholesterol and are rich in complex carbohydrates. They also contain antioxidants and folate. And if you’re vegan or vegetarian, most types of dry beans are rich sources of iron. The U.S. Dietary Guidelines for Americans recommends eating 1-3 cups of legumes, including beans, per week Dry beans have to be soaked overnight, but cooking them is easy. They can be cooked on the stovetop, in a slow cooker, in the pressure cooker and in the oven. Canned beans are even easier — just rinse and drain, and they’re ready to go. Beans can be used in so many different dishes. They can be made into soup, salad or dips, top nachos, add some heft to a casserole or be mashed into the makings of a veggie burger. You also can add them to brownies and other baked goods, toss them with pasta, add them to chili or a rice bowl or stuff them into a taco or burrito. Check out these four recipes: PG tested This light and creamy vegetarian soup benefits from a surprising garnish, roasted shiitake mushrooms, which taste exactly like bacon. For soup 1/4 cup olive oil 1 medium yellow onion, chopped 2 celery stalks, chopped 1 medium carrot, scrubbed and chopped 6 garlic cloves, finely grated or pressed 2 sprigs fresh thyme, plus more for garnish 1/2 teaspoon sea salt 1/4 teaspoon pepper 4 cups vegetable broth 2 15-ounce cans cannellini beans, drained and rinsed For bacon 8 ounces shiitake mushrooms, caps cut into 1/8 -inch slices 2 tablespoons olive oil 1/4 teaspoons fine sea salt To finish Plant-based milk Chili oil, for drizzling Preheat oven to 400 degrees. Make soup: In large pot, heat oil over medium heat until it shimmers. Add onion, celery, carrot, garlic, thyme, salt and pepper. Cook, stirring occasionally, until vegetables are fragrant and tender, 8-10 minutes. Add vegetable stock and beans, increase heat to high and bring mixture to a boil. Reduce heat to medium and simmer until thickened, 12-14 minutes. Meanwhile, make the bacon: Spread shiitake mushrooms into a single layer on a sheet pan, drizzle with olive oil, sprinkle with salt and pepper and toss to combine. Bake until browned and crispy, 18-20 minutes, rotating pan front to back and tossing mushrooms with a spatula halfway through. Let cool in pan; mushrooms will continue to crisp as they cool. To finish, add some milk to the soup and use an immersion blender to puree it in the pot, or puree in a blender. (Cover lid with a clean kitchen towel.) Taste and season with more salt and pepper if needed. Divide soup among bowls and top with shiitake bacon. Garnish with thyme sprigs and a drizzle of chili oil. Serves 4-6. — “Mastering the Art of Plant-Based Cooking” by Joe Yonan PG tested Velvety cranberry beans simmered with tomato and the punch of red wine vinegar are a perfect match for a soft bed of cheesy polenta. This is a filling, stick-to-your-ribs dish perfect for fall. 1/4 cup olive oil 1 small onion, finely chopped 2 garlic cloves, minced 2 cups canned chopped tomatoes, juice reserved 1 tablespoon red wine vinegar 2 tablespoons tomato paste 1 cup chicken or vegetable broth 4 fresh sage leaves Salt and pepper 4 cups cooked Lamon or cranberry beans 2 cups uncooked polenta 6 ounces pancetta, diced Chopped fresh basil or parsley, for garnish Grated Parmesan cheese, for serving In large pan, heat olive oil over medium heat. Add onion and garlic and cook, stirring, until onion begins to soften, about 3 minutes. Stir in tomatoes and red wine vinegar. In a small bowl, dissolve tomato paste in the broth and add to pan. Stir in sage and season with salt and pepper. Simmer, stirring occasionally, until the sauce has thickened, 15-20 minutes. Add beans to tomato sauce. Cook, stirring frequently, until heated through, about 15 minutes. Meanwhile, prepare polenta according to package instructions. Place pancetta in a small saucepan over low heat. Cook, stirring frequently, until the pancetta is brown and crisp, about 15 minutes. Use a slotted spoon to transfer pancetta to a paper towel to drain. To serve, spoon polenta into serving dishes. Ladle the beans over the polenta and top with the pancetta. Garnish with fresh basil and serve with grated Parmesan. Serves 6. — “The Bean Book: 100 Recipes for Cooking with All Kinds of Beans” by Steve Sando PG tested Beans and seafood might seen like an unusual pairing, but in this recipe, mild white beans take on a lot of flavor from clams. Spanish chorizo adds a nice contrast. 4 cups cooked white beans, bean broth reserved 1/4 cup extra-virgin olive oil 1/2 white onion, chopped 2 garlic cloves, chopped 1 teaspoon salt, or to taste 1/2 cup finely chopped Spanish-style cured chorizo 2 plum tomatoes, chopped 1/2 cup dry white wine 2 pounds small clams, scrubbed well Chopped fresh parsley, for garnish Country-style bread and butter, for serving In large pot, heat beans in their broth over medium-low heat. In large lidded saucepan, warm olive oil over medium-low heat. Add onion, garlic and salt and cook until soft, about 5 minutes. Add chorizo and cook gently until some of the fat has rendered, about 5 minutes. Add tomatoes and wine and cook to allow the flavors to mingle, 5-6 minutes. Increase heat to medium and add clams. Cover and cook for about 5 minutes, shaking the pan occasionally. Uncover the pan and cook until all of the clams open, another few minutes. Remove pan from heat, then remove and discard any clams that failed to open. Add clam mixture to the bean pot and stir very gently until well mixed. Simmer for a few minutes to allow the flavors to mingle but not get mushy. Ladle into large, shallow bowls and sprinkle with parsley. Set out a large bowl for discarded shells and encourage guests to eat with their fingers. Pass plenty of good bread and creamy butter at the table Serves 4-6. — “The Bean Book: 100 Recipes for Cooking with All Kinds of Beans, from the Rancho Gordo Kitchen” by Steve Sando with Julia Newberry PG tested So easy to pull together for your next party! 1 1/2 cups cooked cannellini beans, drained and rinsed 2 tablespoons extra-virgin olive oil Juice and zest of 1 lemon 1 small garlic clove, minced Generous pinch of salt Freshly ground black pepper 2 or 3 tablespoons water, if needed 2 fresh basil leaves, chopped, optional 1 sprig fresh rosemary, leaves chopped, optional In a food processor, pulse cannellini beans, olive oil, lemon juice and zest, garlic, salt and several grinds of pepper until combined. If it’s too thick, slowly add the water with the food processor running until it is smooth and creamy. Blend in the basil and/or rosemary, if using Serve with veggies, pita or bruschetta. Makes 1 1/2 cups — Gretchen McKay, Post-Gazette ©2024 PG Publishing Co. Visit at post-gazette.com. Distributed by Tribune Content Agency, LLC.
Australia’s economic future will be at risk if we stop the wind and solar construction to build nuclear. Big energy-intensive manufacturing industries such as aluminium smelters would likely be forced to close, and the risk of blackouts from forcing coal generators to stay on line would be huge. Wind, solar and firming can clearly do the job. Every hurdle from reliability to inertia has been overcome. There is no need and no reason to change course. Certainly economics is not a reason. To summaries, building a nuclear industry in Australia: • Makes blackouts more likely by forcing coal stations, already expensive to maintain, that require government support and are increasingly unreliable to go for much longer. The idea of replacing the coal plants with gas while we wait is likely not very realistic, largely because gas plants themselves are expensive and hard to permit and because if asked to run in shoulder mode they are not very efficient and require lots of gas. And right now we are already looking at importing LNG. If the nuclear plants are 5, 10 or 15 years late, as is entirely possible, it would require heroic assumptions to see the coal fleet managing the gap. More to the point it’s a completely avoidable and unnecessary risk. Australia is well set on its transition path. There are some inevitable cost up and downs but no show stoppers have been identified. Every hurdle from reliability to inertia has been overcome. There is no need and no reason to change course. Certainly economics is not a reason. • Increases emission costs by between even in the very unlikely event the plants are built on time as compared to the present ISP. • The nuclear plants stand a good chance of being well over budget and late. That’s because: ° Globally that is often but not always the case. By and large the nuclear industry is one of the most likely global industries to be late and over budget. There is no real nuclear expertise in Australia; ° It will have to be more or less forced on an industry set on a different course; ° It will likely be government owned and developed and the record on that in Australia is poor; ° In general for most capital intensive industries there is an Australia cost premium relative to global averages. This in the end will disadvantage us compared to other countries in terms of the cost of energy. • Likely will destroy the value of CER (consumer energy resources – rooftop solar, home batteries and EVs) in Australia. • Will result in the temporary halt in the transition to a firmed VRE system which is already 20 years down the track with a penetration rate of say 50% within 18 months. • Equally the LNP and by comparison Frontier don’t appear to have done the work or to understand the demand forecasts. The LNP bleat on about EVs, but the real differences are hydrogen, large industrial loads and business demand. One suspects that the aluminium industry in Australia will die if it has to wait for nuclear. • Finally the old concept of baseload is changing, but in my opinion firming costs are cheaper the bigger the portfolio. This implies firming should sit at least with a large gentailer or possibly with a State or even Federal Govt. The biggest, by far, reason for the electricity industry to push back against the ideological LNP Nuclear plan is its far, far too risky. Australia has a plan to decarbonise. It’s not a perfect plan, no plan survives first contact, but it’s capable of and is in fact being achieved. We are roughly already at 40% VRE. We have at least 20 years experience at developing and integrating wind, solar, behind the meter assets and batteries. We know the issues around transmission and social license and cost and reliability. There are well developed plans for each issue and a wealth of industry finance and expertise. The assets to take us from 40% VRE to 50% are already under construction, some are just starting to enter service. The insurance finance to add another 12 GW of VRE and 4 GW of firming assets (essentially batteries) is already either awarded or in tender through the CIS. The LNP wants to bring this to a crashing halt, keep our few, increasingly ageing and unreliable coal stations going for another 20 years while it starts up an industry in which Australia has zero comparative advantage and zero experience. Only in politics could conmen say things with such a straight face. The risk of the coal stations failing is very high. Other stations like Eraring have full ash dams. Yallourn is already on Government support, Vales Point and particularly Mt Piper have coal supply issues. Gladstone Power Station in Queensland is ready to close. And so on. It simply isn’t prudent for Australia to depend on these stations as a group to do another 20 years. It’s a completely unacceptable risk that politicians want to expose Australians to, purely for the sake of politics. I could, but won’t. go into the politics. It is quite sufficient to point out the risk, and really I could close this note at this point completely confident that the argument is made. The LNP might argue that they would build more gas stations. To start with they take time and planning and secondly: Where is the gas? Wherever it comes from it will be expensive. By all means build a peaker or two but it’s a sideshow to the main game, which is bulk energy and shifting it through time and space. For what it’s worth. the following figure shows the closing of the Crocodile jaws. The top jaw is coal and gas generation and the bottom jaw is wind, solar and hydro. The jaws didn’t close much this year, due to wind drought and some utility solar price constrained off but they surely will next year as about 2.5 GW of wind currently in commissioning gets to full production and some more solar farms as well. In addition there is 6 GW, count them, 6 GW of batteries under construction. Using a 180 day moving average allows the informed view to see the Winter v Spring Summer impact. Like many another analyst I’m prepared to look at any technology on its merits. If Frontier Economics had any interest at all in bringing the industry to their point of view then the report is an abysmal failure. Its failings are so obvious that it hardly needs me to do a me to, but I have. As I’ve stated before, a presumption of bias can be attached to the report for three reasons. There are lots of estimates of the cost of carbon. These range from the Gillard Government’s cost which the LNP revoked adjusted to $ of today which Frontier states would be about $40/t, through to the European price presently around Euro 68 = $A113/t, through to a major, multi author estimate published in Nature with a mean of $US185/t = $A 296/t (but the range is US$ 44 to $US 413/t) to the USA official estimate of $US 51 =81.54 AUD $A 81/t through to the AER estimate of $A 75/t in 2025 rising to $221 by 2040. And finally there is the set of numbers adopted by the AER which rise strongly over time and which I have used Frontier could have used any of these numbers, but they don’t. The extra carbon emissions are not regarded as a cost worth considering in Frontier’s numbers! On my numbers the NPV of the increased emissions is between $57 bn and $72bn. The method for calculating this was: I might add that the social cost of carbon is normally calculated with discount rates of 2%-4% given that the damage is long lasting but I haven’t considered the methodological issues around that here. The overall point remains that there can be no excuse whatsoever for Frontier ignoring the cost difference. Frontier could have used some other carbon price estimate, but there is no doubt that carbon emissions have a cost, that is why we decarbonising and not considering that cost renders the Frontier exercise fairly useless. In an AFR article, Frontier’s Danny Price states that the AER carbon cost does not represent the “economic cost”, and produces not a shred of evidence to support this view. The comment seems to me to be revealing of the underlying philosophy of Frontier that global warming is overstated as an issue. Some of the justified criticism of Frontier is in the way it adds up “real costs”. For instance: However, since the use of “real costs” for investment analysis is in any event fatally flawed from the outset and contrary to the laws of Finance, and because I think Price knows that perfectly well, I tend not to worry about methodological flaws of “real costs”. Equally, Steve Hamilton in his excellent noted that AEMO incurs its capital costs from today onwards but the the nuclear costs are only start to be incurred from 2035. In NPV terms costs that are incurred later have a lower NPV than costs that incurred earlier, and Steve noted that if we just compared costs in 2050 there is only a 12% difference between the nuclear and AEMO difference. However, in NPV terms, if we allow for the difference in carbon costs, these differences matter less. In effect Frontier defers capital spending improving NPV but incurs carbon costs which reduce NPV. It’s just that Frontier doesn’t count the carbon cost. Also, once the capital spending on VRE has been made the annual operating costs fall sharply compared to existing coal. Wind opex, for instance, is around A$10/MWh compared to say A$50/MWh for existing black coal, maybe less for brown coal. However, in my opinion it’s unlikely that AEMO captures all the maintenance capital expenditure required on end of life coal assets that are not just end of life but also have to be ever more flexible, ever more capable of ramping. I won’t take the time to illustrate this issue, but just look at the costs being incurred by AGL, and the Government support offered to Yallourn and Eraring. Frontier estimates a nuclear cost today in Australia of A$10,000/Kw, which then falls by 1% per year from today. So the A$10,000 is effectively a misleading number. In that Frontier’s estimate of cost is actually in real terms as Hamilton calculates about A$8,500/KW in 2040 and continues to fall. I don’t have any problem with learning rates in an industry: Solar, wind, batteries and many, many other technologies have a learning rate, representing the reduction in unit costs for a doubling of installed capacity. But I think any reasonable person would question whether it’s appropriate to apply a learning rate to an industry that hasn’t even started in Australia and where the year 0 number is still very much in question. And, to the best of my knowledge, there hasn’t been much of a global learning rate in nuclear, although there may be one in China. In fact academic articles suggest that the experience curve for nuclear depends on the time and country. One oft cited reference is “How Big Things Get Done” by Betty Flyvbjerg and Dan Gardner, 2023. A key figure from that book is: The horizontal axis represents on time, expectations, further to the right is more on time, the vertical axis shows on budget. industries in the bottom left quadrant tend to have “fat tails” which means that the outcomes vary. Perhaps in China nuclear goes well, but in the UK or the USA it goes badly. On average it goes badly. Solar and wind go well. The figure is based, I believe on data summarised in the following table. The fact that olympics and nuclear have cost over runs most of the time surely cannot be a surprise to anyone. To me this is so intuitively obvious as to not need stating. Wind and solar projects take a couple of years to build, the technologies are modular, capable of being repeated and relatively small scale. Even a 1 GW wind farm represents 150 concrete pouring, each more or less the same, 150 turbines erected each the same way and so on. And Australia has done 1000s of turbines already. By contrast, Lucas Heights notwithstanding, Australia has absolutely zero nuclear experience or expertise, nuclear plants require much more planning, contracts that inevitably will need to be renegotiated and so on. The mind truly boggles. And in the end we would have zero comparative advantage. Whatever Australia’s nuclear cost it wont be lower than anyone else’s. How could it be? Modern nuclear plants with higher levels of automation might employ 500-800 people. According to a rough industry source about 50% -70% of those jobs will be in operations, maintenance and technical support. Roughly 25%-50% of the people will be engineers of one kind of another. Uranium mining and processing is not going to be taking place where nuclear plants are located. The idea that coal miners will down tools and suddenly start working in a nuclear plant is something only an LNP ideologue could truly believe. Of course, like any business, there will be second order GDP multiplier effects. However, I think it’s reasonable to assume that both the primary and secondary GDP impacts of building out regional REZs will be higher per $ of capital expenditure because by and large they come off a lower base. Building out the Central West Orana renewable energy zone in NSW will have major impacts, not all good, and not all sustainable on the regional economy. But for ever after the regional economy will have a more diversified industry base that, in my opinion, will enable it to better withstand the vicissitudes of the Australian climate and its ever more extreme drought and flood cycles. As far as I know the electricity industry in Australia has expressed zero interest in nuclear and obviously some parts of the industry that are busy building wind and solar will be actively opposed. Clearly this in itself is likely to raise costs. That is, the nuclear plants will have to be forced on the industry to a greater or lesser extent. Again although the plans are very vague the understanding is that they will Goverment funded and owned. Leaving aside all questions of ideology, in my opinion having the Goverment manage the program rather than industry means that there will be less expertise at almost every stage. I could rant on about this, the mind truly does boggle a bit at the possible negative outcomes, but perhaps it is sufficient to say that having the Goverment step into this area where it has no expertise raises the odds of cost and delay outcome substantially. Frontier provided no shapes to their demand or supply forecasts, just the annual totals. This has led to questions on how 13 GW of flat supply will impact the output of other fuels. Price stated that once the 13 GW was forced in the system, it was “re optimised” and the capacity factors, 90% in the case of nuclear, are a model output. And to be fair there is presently must run coal generation in the system which effectively provides a level of flat supply. That level continues to decline, and at least in Spring, the must run nature of coal already forces prices below zero and results in utility solar spillage. As to what fuel gets spilled that is a matter so far of policy and economics. Utility solar, and wind contracts can be written so that negative prices are not covered, the CIS has such a contract. Each contract for differences may have its own wording and since I don’t see any of them I’m cautious about generalising. AEMO provides via the ISP, as Frontier does not, half hourly demand traces by region and POE (10% and 50%). ITK has spent more time than I care to admit looking at these demand traces over the past four years and puzzling over what and what not is included in say “OPSO modelling”. A good starting document is: and for the half hourly data we want Section 6 starting at p57. AEMO is thorough with its demand forecasting, but that does not make the outcomes reliable, that’s the point really, some things are just hard to forecast no matter how thorough. Still, I find its well worth reading that Section 6 several times, because as Dylan sang way back in the early 1960s “dont criticise what you cant understand”. And this stuff ain’t that easy to understand. The following figure shows the shape of average daily demand in 2050 for both the Progressive and Stepchange scenarios with the horizontal red line showing average nuclear output at 90% capacity factor. It’s fair to say that rooftop supply is always a bit out of place on a demand figure but that is the way its done. Operational demand is gross demand less rooftop supply. Time of day averages are just averages. Particularly in the step change case in the ISP view of the world much of the lunch time surplus goes to charging storage to meet some elements of demand in non solar hours. The way I’ve constructed this figure in the Progressive case nuclear replaces virtually all the exiting rooftop and a significant portion of utility supply. In the Step Change scenario it’s still cutting out quite a bit. And that’s out in 2050 when in either Progressive or Step demand is a lot higher than in 2025. It seems intuitive that if nuclear is supplying say 50% of operational demand (more in the Progressive case) that some other sources of supply are going to be running at fairly low capacity factors. However, Frontier’s modelling apparently doesn’t show that.. This remains an unresolved issue. The numbers appear to show that with nuclear meeting 50% of Progressive Scenario demand in 2050 that capacity factors of other fuels will be impacted even with storage demand included. Frontier says this is not really the case and they have the gold standard PLEXOS modelling to prove it. One potential path to reconciliation would be for Frontier to show more results including those with behind the meter PV and storage and some average daily shapes, but I’m not holding my breath. Frontier did such a poor job the first time round the wise course for them would be to retire from the field and not give their many critics more oxygen. I spent time this year working with AEMO’s demand forecasts. In my view not enough attention is paid to demand as virtually all the mainstream focus is on supply and or price. But price represents the intersection between supply and demand, and the primary way to decarbonise an economy is to decarbonise electricity and then electrify other energy sources. AEMO makes the job hard because their demand portal would, I suspect, confuse even Edward Teller. At the risk of a minor digression, the Progressive demand case assumes that most large industrial loads (LIL) close around 2030. That would be the Tomago and Boyne Island and Portland aluminium smelters. Is that really what the LNP wants to happen? Here are the LIL forecasts for the two scenarios and then the state by state forecast for the Progressive scenario. Assuming, rarely a good decision, that I’ve successfully navigated AEMO’s demand portal and the recut and supposedly easier to follow analysis I show at then I get the following main item comparison between he various demand scenarios in 2050. Note that sum EV load is cotained in the res_sum row below. Nevertheless the point remains that talking about EVs maybe good politics for the LNP, even in Ted O’Brien’s Sunshine coast electorate where there are many EVs but it doest go to the major differences in the scenarios. Ignoring Green Energy Exports (everyone does) you can see that in fact the main differences between Progressive Change and Central are: Traditionally energy intensive businesses in Australia, primarily aluminium smelters, negotiate heavily discounted electricity prices with State Govt’s in return for investment in smelters. Traditionally, there has been a role for base load in the large industrial loads sector. However, in my opinion, the way to provide the firmed power has changed and the same result can be achieved, arguably at a lower cost, especially when carbon emissions are accounted for. As of today the State Govt contracts have often been transferred to private entities eg to AGL and other generators in Victoria in respect of the Portland smelter. However, there is no way the private sector is going to incur losses to support an aluminium smelter. The smelters remain a big industry collectively consuming around 9%-10% of electricity (the share relative to operational supply is higher). The relevance of the term “baseload” is best understood in the context of say an aluminium smelter which in Australia typically wants a flat supply, that is a supply every half hour of about 0.9 GW. Traditionally in Australia a coal generator backed up by contracts in the market and a retailers general supply portfolio was the the way it was done. For instance in QLD the Gladstone Power Station is 42% owned by Rio, in Victoria Portland smelter traditionally contracted with Loy Yang A, although that has now changed. In Tasmania the Bell Bay smelter, surely one of the older smelters in the world, contracted with Hydropower of Tasmania. In each case though there is a State Government providing a subsidy one way or another in the background. As the coal stations go away, several questions arise, but the one of relevance here is how to provide the smelter with its flat load without a coal station. So far the emerging answer seems to be that the smelter will provide the VRE itself, but will depend on the State Govt to provide the firming. For instance in February 2024 Rio announced a deal to buy 80% of the 1.4 GW Bungaban wind project and 100% of the 1.1 GW Calliope solar farm, but so far Rio has not announced any firming of this energy. The output of the two projects should be around 6 TWh per year – enough to power most of the smelter when generating. Clearly there will be too much generation at some points and too little at others, and the missing link is the management of the difference. What it shows to my way of thinking is a requirement for all the parties to think beyond a simple contract for difference whereby Rio buys power from the market and the QLD Govt subsidies the purchases. Now there is a more complex situation seemingly requiring the State and Rio to work more closely together. Ultimately, in a renewables based system, the rule is that the bigger the portfolio the lower the firming cost. That is the cost of firming total QLD supply is lower than the cost of firming just the smelter. According to the oldest rule of finance that risk should go to the party best placed to manage it, it’s therefore entirely reasonable for QLD to carry the firming cost. My point here is that Rio and the State Govt don’t need to think about “Baseload coal” or “Baseload nuclear” – the need is to understand the best way to firm QLD’s excellent solar and wind resource and to allow Rio to access that firmed cost.In Pictures: Jimmy Carter continued campaigning long after leaving powerNo. 13 Duke 73, No. 9 Kansas St. 62
Basketball season is here. Subscribe to the DRC for $1 a month over the next six months to follow all that transpires with North Texas and area high schools. There is bit of uncertainty when it comes to what North Texas’ defense will look like down the line with coach Eric Morris in the market for a new coordinator as the Mean Green head down the stretch of his second season. Haydon Caston is confident he’ll fit no matter what direction Morris decides to go. The Iowa Colony safety committed to the Mean Green on Sunday. “I’m absolutely sure that I’ll fit in with whatever scheme they run,” Caston said shortly after he announced his decision on social media. “I’m a versatile player.” Caston, who is 6-foot-1 and 185 pounds, has excelled in each of the last two seasons. He was named the Defensive MVP of District 12-4A in 2023 when he finished with 103 tackles and three interceptions. He has 97 tackles and three interceptions through the first round of the playoffs this year. Clay Jennings, UNT’s safeties coach, recruited Caston. The senior has more than a half dozen scholarship offers and chose UNT over Hawaii and UTEP. He attended a junior day at UNT and returned for an official visit on Oct. 5. “North Texas felt like home when I went on my official visit,” Caston said. “It’s close to home. My family can come to watch me play and I have a close connection with all the coaches. I feel like they are there to help me build myself and become a better football player as well.” Caston is the 14th player to commit to join UNT’s 2025 recruiting class. The group is ranked No. 7 among American Athletic Conference teams by 247Sports. Success! An email has been sent to with a link to confirm list signup. Error! There was an error processing your request. Get the scoop on all the thrilling victories, nail-biting games and standout performances — straight from the sidelines of Denton-area high schools. Success! An email has been sent to with a link to confirm list signup. Error! There was an error processing your request.
WOLF INVESTOR DEADLINE: Wolfspeed, Inc. Investors with Substantial Losses Have Opportunity to Lead Shareholder Class Action LawsuitThe Osun State chapter of the All Progressives Congress (APC) has criticised the recent workers’ appreciation rally held in support of Governor Ademola Adeleke, questioning its purpose and dismissing it as a publicity stunt. The rally, organised by Osun State workers under the umbrella of the Nigeria Labour Congress (NLC), was held to appreciate the governor’s approval of a new minimum wage of ₦75,558.24 for workers and ₦25,000 for pensioners. Speaking during the event on Monday, Governor Adeleke declared himself a “Talk and Do Governor,” reiterating his commitment to fulfilling his campaign promises, with workers’ welfare as a top priority. In a statement issued by its Director of Media and Information, Mr Kola Olabisi, the APC accused Governor Adeleke of seeking “cheap political popularity” through the rally. The party criticised the administration for allegedly sponsoring the event, claiming it lacked authenticity as no worker had yet received the promised minimum wage. Olabisi described the rally as “a superfluous theatrical show” and questioned why the appreciation did not originate directly from the workers. He said: “It is absurd that the state government under Governor Adeleke would stoop to sponsoring a civil servants’ rally, all in the name of announcing a minimum wage that has not yet been implemented. This is nothing but an attempt to fraudulently curry non-existent political popularity.” The APC also raised concerns about other unresolved issues in the state, including the alleged encroachment on the Ido-Osun Airport land by Adeleke Secondary School, a property linked to the governor’s family. The appreciation rally, held at the Government Secretariat in Osogbo, attracted a large turnout of workers who sang and danced while awaiting Governor Adeleke’s arrival. “We are here today to show appreciation for the kindness of Governor Ademola Adeleke in approving a minimum wage of ₦75,558.24. We, as workers, pledge to ensure quality service delivery for the benefit of Osun State.” In his speech, Governor Adeleke reaffirmed his commitment to workers’ welfare, stating, “They call me the Talk and Do Governor. During my campaign, I made workers’ happiness my priority. It’s a sin for someone to work and not get paid. Even with limited resources, I’ll continue to prioritise your welfare.” The governor also hinted at plans to improve the state’s Internally Generated Revenue (IGR), promising that these efforts would benefit the workforce. The APC, however, accused Governor Adeleke of neglecting pressing issues such as resolving the Ido-Osun Airport relocation crisis and addressing allegations of favouritism in the extension of the Head of Service’s tenure. The party argued that the rally was a distraction from these critical matters, warning: “If Governor Adeleke thinks this sycophantic rally will earn him political leverage beyond 2026, he is wasting his time and daydreaming.”
MARKET REPORT: Budget battering goes on for Britain's builders amid fears of higher interest ratesA world-renowned Haida artist and avid supporter of the victims of war in Ukraine, is pitching his talents to a Victoria non-profit that provides life-changing prosthetics. Michael Nicoll Yahgulanaas is the only living Indigenous artist whose work is in the permanent collection of the Modern and Contemporary Art Department at New York’s Metropolitan Museum of Art. His works are also in the collections of the British Museum, Denver Art Museum, Peabody Essex Museum, Seattle Art Museum, Glenbow Museum in Calgary, Vancouver Art Gallery and Museum of Anthropology at UBC. Originally scheduled to have an art show at the TSEKH Art Gallery in Kyiv, Ukraine in the fall of 2021, Nicoll Yahgulanaas is instead using his art to raise funds and awareness for the war-torn country. One of the works that would have been displayed is called Kyiv Child, created after visiting Ukraine in 2019. “I made many friends on that trip, and now they are huddling in basements, holding their children close. They worry about food, water, and Putin's indiscriminate bombing of civilians,” Nicoll Yahgulanaas said in a statement. Yahgulanaas has raised $75,000 so far for Ukraine aid through Unicef and MSF, and the latest campaign targets $25,000 for the Victoria Hand Project. From a small lab at the University of Victoria, The Victoria Hand Project harnesses 3D printing technology to create life-altering prosthetics. The charity strives to empower individuals worldwide, particularly where accessing prosthetics is challenging. By offering affordable and sustainable solutions, they restore independence, hope, and dignity to those who have lost mobility due to limb loss. CEO Michael Peirone is grateful that the B.C. artist opted to share his talents with the Saanich-based project. Malaspina Printmakers in Vancouver is covering the costs to create the high-quality prints of Yahgulanaas’s work available for $700 . Other donors and supporters mean the funds are 100 per cent proceeds. Each print sale, $700, would essentially cover the costs associated with a prosthetic in Ukraine, Peirone told the Saanich News. “Unfortunately from what we’ve heard from partners on the ground working in Ukraine there is such a need for prosthetic care and the resources aren’t available,” he said. “The waitlists are growing, with people who have been waiting six months to a year after losing an arm defending their country. “Even if the war ended right this moment – and we wish it would – there’s still a great need for prosthetic care.” Three Victoria Hand Project team members travelled to Ukraine in June 2023 to train locals and set up two clinics for the organization’s usual in-country solution. “That helps with the long-term sustainability and decreases wait times. Also, we found it really fosters a sense of pride in the community,” Peirone said. The non-profit has made several in-person trips there, creating fast and affordable prosthetic limb production. The organization has already provided more than 110 prosthetics for Ukrainians. Get prints online at . It's one campaign among several underway at the Victoria Hand Project. A Giving Tuesday event (internationally recognized as Dec. 3) aims to raise $50,000 focused on providing prosthetic arms in Ukraine. An evening of Impact features a silent auction, compelling personal stories and food and beverages. Learn more about the initiative, purchase tickets or donate online at .President Jimmy Carter at the White House, in Washington, U.S. March 8, 1977. Library of Congress/Reuters Jon Hartley is a research fellow at the Foundation for Research on Equal Opportunity, a senior fellow at the Macdonald-Laurier Institute, and affiliated scholar at the Mercatus Center. Former U.S. president Jimmy Carter died on Sunday at age 100. That makes the economic legacy of Mr. Carter’s decisions a timely matter to examine. One issue that policymakers around the world should reflect on in these newly inflationary times is that America’s inflation fighting of the 1980s was set in motion by Mr. Carter in the form of deregulation and hawkish monetary policy – well before the Reagan Revolution, the phenomenon associated with Mr. Carter’s successor, to whom the credit is often given. At the end of the 1970s, the U.S. economy was plagued by inflation and financial market volatility. Jimmy Carter, former U.S. president and Nobel Peace Prize winner, dies at 100 Several Federal Reserve chairs, including Arthur Burns, William Miller and Frederick Schultz (in an acting capacity), all had failed to tackle inflation head-on, with dire consequences: inflationary spirals that ravaged the financial well-being of Americans, especially those at or below the median income. In late July, 1979, Mr. Carter nominated Paul Volcker, then the hawkish president of the Federal Reserve Bank of New York, to head the central bank. While sitting on the Federal Open Market Committee, Mr. Volcker had made it clear he was in favour of more aggressive interest rate increases. He took action in fighting inflation with increases that past Fed chairs had been too afraid to introduce, eventually raising interest rates to a peak of 21.5 per cent in 1981. Despite contributing to a significant labour market pullback that included unemployment above 10 per cent, the hikes pushed inflation, which had peaked at 14.8 per cent in 1980, to fall below 3 per cent by 1983. The episode is still cited by economists and textbooks as one of the greatest empirical examples of how raising interest rates can reduce inflation by lowering aggregate demand. Opinion: Remembering Jimmy Carter, a presidential study in contradiction and high conduct In 1983, President Ronald Reagan reappointed Mr. Volcker to a second term, beginning a long tradition of reappointing Fed chairs (even across party lines) that would last 35 years and further enshrine central bank independence. President Carter’s initial decision had important long-term consequences. The Carter-Volcker inflation-fighting legacy is a lesson that President Joe Biden, current Fed chair Jay Powell and other Federal Reserve officials should remember as they continue their quest to vanquish the early 2020s inflation spike – after initially hesitating, in the mistaken belief that inflation would subside on its own, without central bank intervention. Former U.S. President Jimmy Carter signs a disaster relief declaration for cold-stricken Buffalo, N.Y., on Feb. 5, 1977. John Duricka/AP Lt. James "Jimmy" Carter, background, peers at instruments in main control room of the submarine USS K-1 (SSK-1) in 1952. From 1952-53, Carter served on temporary duty with the Naval Reactors Branch of U.S. Atomic Energy Commission to assist "in the design and development of nuclear propulsion plants for naval vessels." Courtesy of Naval History and Heritage Command American politician Jimmy Carter looks up while shoveling peanuts on a peanut farm, 1970s. Hulton Archive/Getty Images In a photo provided by Special Collections and Archives/Georgia State University, Dorothy Bolden, left, founder of the National Domestic Workers Union, with Jimmy Carter when he was Georgia's governor, in 1970. Bolden adapted the organizing techniques she learned as a civil rights activist to secure protections for domestic workers, a largely unregulated part of the work force. SPECIAL COLLECTIONS AND ARCHIVES/The New York Times News Service President elect Jimmy Carter (c), flanked by his wife Rosalynn (L), his daughter Amy (2nd L) and family, celebrates his election during a rally in Atlanta on November 3, 1976. Jimmy Carter was elected 39th President of the United States on November 2, 1976, with 51% of votes against 48% for incumbent Republican president Gerald Ford. GENE FORTE/Getty Images Supporters of Democratic presidential candidate Jimmy Carter hold up signs during a rally on May 15, 1976 in New York. Jimmy Carter was elected 39th President of the United States on November 2, 1976, with 51% of votes against 48% for incumbent Republican president Gerald Ford. -/Getty Images Chief Justice Warren Burger administers the oath of office to Jimmy Carter (R) as the 39th President of the United Sates on January 20, 1977. Rosalynn Carter is looking on. -/Getty Images Former Prime Minister Pierre Elliott Trudeau, right, presents former U.S. President Jimmy Carter with a copy of 'Between Friends,' a book of pictures made along the U.S.-Canadian border, on Feb. 21, 1977. Anonymous/The Associated Press In this Tuesday, Aug. 30, 1977 file photo, President Jimmy Carter meets with civic leaders from Georgia and Florida at the White House in Washington to explain his new Panama Canal treaty. Hharvey Georges/The Associated Press In this file photo taken on September 17, 1978, Egyptian President Anwar al-Sadat (back to camera) and Israeli Premier Menachem Begin embrace each other after signing a peace agreement as U.S. President Jimmy Carter looks on, in the East Room of the White House in Washington D.C. -/AFP/Getty Images Former U.S. President Jimmy Carter, left, and Ronald Reagan shake hands before a televised debate in October 1980, in Cleveland, Ohio. The Associated Press Former U.S. president Jimmy Carter, right, with Lowell BruceLaingen, one of the American hostages released by Iran, in Wiesbaden, West Germany, Jan. 21, 1981. D. GORTON/The New York Times News Service Photo shows Bill Gates Sr., (L) former South African President Nelson Mandela and former U.S. President Jimmy Carter holding babies at the Zola clinic, in the Soweto Township outside of Johannesburg, South Africa on March 7, 2002. The babies were born to mothers who have tested positive for HIV. Carter on a trip for the Bill and Melinda Gates foundation in an effort to focus attention on HIV and AIDS prevention. On Oct. 11 2002, Carter won the Nobel Peace Prize for years of tireless effort as an international mediator. JEFF CHRISTENSEN/Getty Images Former U.S. President Jimmy Carter (L) participates in election monitoring 08 May 1994 in Panama City. Carter, 78, on Friday 11 October 2002 won the 2002 Nobel Peace Prize for years of tireless effort as an international mediator. Carter, 78, was honoured for "his decades of untiring effort to find peaceful solutions to international conflicts, to advance democracy and human rights, and to promote economic and social development", the Norwegian Nobel Committee said. RODRIGO ARANGUA/Getty Images Former U.S. President Jimmy Carter holds up his Nobel Peace Prize December 10, 2002 in Oslo, Norway. Carter was recognized for many years of public service and urged others to work for peace during his acceptance speech. Getty Images/Getty Images Former U.S. President Jimmy Carter and former First Lady Rosalyn Carter attach siding to the front of a Habitat for Humanity home being built June 10, 2003 in LaGrange, Georgia. More than 90 homes are being built in LaGrange; Valdosta, Georgia; and Anniston, Alabama by volunteers as part of Habitat for Humanity International's Jimmy Carter Work Project 2003. Erik S. Lesser/Getty Images Former U.S. President Jimmy Carter (L) takes notes 02 December 2004 while listening to a translater during his polling station observation visit in Maputo, Mozambique. Mozambique's long-time President Joaquim Chissano expressed surprise Thursday at the abysmal turn-out in elections to choose his successor, and blamed the poor showing on widespread illiteracy and ignorance of political systems. MARCO LONGARI/Getty Images Jimmy Carter talks with his grandson Hugo Wentzel, 10, during a picnic event on October 31, 2009 in Istanbul, Turkey. Jimmy Carter, Desmond Tutu and their fellow Elders invited their grandchildren to join them this week to remind the world of the catastrophic risk of climate change to future generations. The seven Elders and their thirteen grandchildren from Asia, Africa, Europe and America met in Istanbul with the group ranging in age from 3 to 85. Supplied/Getty Images Former U.S. President Jimmy Carter tries to comfort 6-year-old Ruhama Issah at Savelugu (Ghana) Hospital as a Carter Center technical assistant dresses Issah's extremely painful Guinea worm wound. In May 2010, with Carter Center support, Ghana reported its last case of Guinea worm disease and announced it had stopped disease transmission a year later. Louise Gubb/Carter Center Former U.S. president Jimmy Carter and former first lady Rosalynn Carter at Mr. Carter's 90th birthday celebration at Georgia Southwestern University. Branden Camp/The Associated Press Former U.S. president Jimmy Carter signs copies of his new book at a Barnes & Noble bookstore in New York City in March 26, 2018. Drew Angerer/Getty Images Former President Jimmy Carter greets visitors before teaching a Sunday school class at Maranatha Baptist Church in Plains, Ga., April 15, 2018. MELISSA GOLDEN/The New York Times News Service Former U.S. president Jimmy Carter and former first lady Rosalynn Carter work with volunteers during the first day of the Jimmy & Rosalynn Carter Work Project for Humanity, on Aug. 27, 2018, in Mishawaka, Ind. Robert Franklin/The Associated Press Mr. Carter also played a substantial role in the deregulation of many industries in the United States in the late 20th century. In 1978, he signed the Airline Deregulation Act into law, which removed federal government control over the industry, paving the way for low-cost carriers such as Southwest Airlines. Later that same year, he also signed into law the Energy Act, legislation that would deregulate oil and gas prices and later increase the supply of energy, lowering prices further. It also ended a period in which natural gas was blocked from entering interstate markets from producing states. Deregulating many other industries would follow, even after the Carter administration. This practice has its critics, who say it erodes the rights of workers, but it has unquestionably resulted in further reducing prices and thus improving consumer welfare, especially for those below the median income, as inflation is historically higher for the poor. While Mr. Reagan often gets the credit for deregulation and fighting inflation – he was in office during most of Mr. Volcker’s term at the Fed – some of the seeds of the Reagan Revolution were planted by a kind peanut farmer from Georgia named Jimmy Carter.
Former US president Jimmy Carter dies aged 100The sight was a common one for Andrew Kolpacki. For many a Sunday, he would watch NFL games on TV and see quarterbacks putting their hands on their helmets, desperately trying to hear the play call from the sideline or booth as tens of thousands of fans screamed at the tops of their lungs. When the NCAA’s playing rules oversight committee this past spring approved the use of coach-to-player helmet communications in games for the 2024 season, Kolpacki, Michigan State’s head football equipment manager, knew the Spartans’ QBs and linebackers were going to have a problem. “There had to be some sort of solution,” he said. As it turns out, there was. And it was right across the street. Kolpacki reached out to Tamara Reid Bush, a mechanical engineering professor who not only heads the school’s Biomechanical Design Research Laboratory but also is a football season ticket-holder. Kolpacki “showed me some photos and said that other teams had just put duct tape inside the (earhole), and he asked me, ‘Do you think we can do anything better than duct tape,?” Bush said. “And I said, ‘Oh, absolutely.’” Bush and Rylie DuBois, a sophomore biosystems engineering major and undergraduate research assistant at the lab, set out to produce earhole inserts made from polylactic acid, a bio-based plastic, using a 3D printer. Part of the challenge was accounting for the earhole sizes and shapes that vary depending on helmet style. Once the season got underway with a Friday night home game against Florida Atlantic on Aug. 30, the helmets of starting quarterback Aidan Chiles and linebacker Jordan Turner were outfitted with the inserts, which helped mitigate crowd noise. DuBois attended the game, sitting in the student section. “I felt such a strong sense of accomplishment and pride,” DuBois said. “And I told all my friends around me about how I designed what they were wearing on the field.” All told, Bush and DuBois have produced around 180 sets of the inserts, a number that grew in part due to the variety of helmet designs and colors that are available to be worn by Spartan players any given Saturday. Plus, the engineering folks have been fine-tuning their design throughout the season. Dozens of Bowl Subdivision programs are doing something similar. In many cases, they’re getting 3D-printed earhole covers from XO Armor Technologies, which provides on-site, on-demand 3D printing of athletic wearables. The Auburn, Alabama-based company has donated its version of the earhole covers to the equipment managers of programs ranging from Georgia and Clemson to Boise State and Arizona State in the hope the schools would consider doing business with XO Armor in the future, said Jeff Klosterman, vice president of business development. XO Armor first was approached by the Houston Texans at the end of last season about creating something to assist quarterback C.J. Stroud in better hearing play calls delivered to his helmet during road games. XO Armor worked on a solution and had completed one when it received another inquiry: Ohio State, which had heard Michigan State was moving forward with helmet inserts, wondered if XO Armor had anything in the works. “We kind of just did this as a one-off favor to the Texans and honestly didn’t forecast it becoming our viral moment in college football,” Klosterman said. “We’ve now got about 60 teams across college football and the NFL wearing our sound-deadening earhole covers every weekend.” The rules state that only one player for each team is permitted to be in communication with coaches while on the field. For the Spartans, it’s typically Chiles on offense and Turner on defense. Turner prefers to have an insert in both earholes, but Chiles has asked that the insert be used in only one on his helmet. Chiles “likes to be able to feel like he has some sort of outward exposure,” Kolpacki said. Exposure is something the sophomore signal-caller from Long Beach, California, had in away games against Michigan and Oregon this season. Michigan Stadium welcomed 110,000-plus fans for the Oct. 26 matchup between the in-state rivals. And while just under 60,000 packed Autzen Stadium in Eugene, Oregon, for the Ducks' 31-10 win over Michigan State three weeks earlier, it was plenty loud. “The Big Ten has some pretty impressive venues,” Kolpacki said. “It can be just deafening,” he said. “That's what those fans are there for is to create havoc and make it difficult for coaches to get a play call off.” Something that is a bit easier to handle, thanks to Bush and her team. She called the inserts a “win-win-win" for everyone. “It’s exciting for me to work with athletics and the football team," she said. "I think it’s really exciting for our students as well to take what they’ve learned and develop and design something and see it being used and executed.”
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Who is FBI Director Christopher Wray?Unlike scores of people who scrambled for the blockbuster drugs Ozempic and Wegovy to lose weight in recent years, Danielle Griffin had no trouble getting them. The 38-year-old information technology worker from New Mexico had a prescription. Her pharmacy had the drugs in stock. And her health insurance covered all but $25 to $50 of the monthly cost. For Griffin, the hardest part of using the new drugs wasn’t access. It was finding out that the much-hyped medications didn’t really work for her. “I have been on Wegovy for a year and a half and have only lost 13 pounds,” said Griffin, who watches her diet, drinks plenty of water and exercises regularly. “I’ve done everything right with no success. It’s discouraging.” In clinical trials, most participants taking Wegovy or Mounjaro to treat obesity lost an average of 15% to 22% of their body weight — up to 50 pounds or more in many cases. But roughly 10% to 15% of patients in those trials were “nonresponders” who lost less than 5% of their body weight. Now that millions of people have used the drugs, several obesity experts told The Associated Press that perhaps 20% of patients — as many as 1 in 5 — may not respond well to the medications. It’s a little-known consequence of the obesity drug boom, according to doctors who caution eager patients not to expect one-size-fits-all results. “It’s all about explaining that different people have different responses,” said Dr. Fatima Cody Stanford, an obesity expert at Massachusetts General Hospital The drugs are known as GLP-1 receptor agonists because they mimic a hormone in the body known as glucagon-like peptide 1. Genetics, hormones and variability in how the brain regulates energy can all influence weight — and a person’s response to the drugs, Stanford said. Medical conditions such as sleep apnea can prevent weight loss, as can certain common medications, such as antidepressants, steroids and contraceptives. “This is a disease that stems from the brain,” said Stanford. “The dysfunction may not be the same” from patient to patient. Despite such cautions, patients are often upset when they start getting the weekly injections but the numbers on the scale barely budge. “It can be devastating,” said Dr. Katherine Saunders, an obesity expert at Weill Cornell Medicine and co-founder of the obesity treatment company FlyteHealth. “With such high expectations, there’s so much room for disappointment.” That was the case for Griffin, who has battled obesity since childhood and hoped to shed 70 pounds using Wegovy. The drug helped reduce her appetite and lowered her risk of diabetes, but she saw little change in weight. “It’s an emotional roller coaster,” she said. “You want it to work like it does for everybody else.” The medications are typically prescribed along with eating behavior and lifestyle changes. It’s usually clear within weeks whether someone will respond to the drugs, said Dr. Jody Dushay, an endocrine specialist at Beth Israel Deaconess Medical Center. Weight loss typically begins right away and continues as the dosage increases. For some patients, that just doesn’t happen. For others, side effects such as nausea, vomiting and diarrhea force them to halt the medications, Dushay said. In such situations, patients who were counting on the new drugs to pare pounds may think they’re out of options. “I tell them: It’s not game over,” Dushay said. Trying a different version of the new class of drugs may help. Griffin, who didn’t respond well to Wegovy, has started using Zepbound, which targets an additional hormone pathway in the body. After three months of using the drug, she has lost 7 pounds. “I’m hoping it’s slow and steady,” she said. Other people respond well to older drugs, the experts said. Changing diet, exercise, sleep and stress habits can also have profound effects. Figuring out what works typically requires a doctor trained to treat obesity, Saunders noted. “Obesity is such a complex disease that really needs to be treated very comprehensively,” she said. “If what we’re prescribing doesn’t work, we always have a backup plan.” The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Science and Educational Media Group. The AP is solely responsible for all content.
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Humana Inc. stock underperforms Monday when compared to competitors despite daily gainsCrescent Capital BDC, Inc. ( NASDAQ:CCAP – Get Free Report ) declared a quarterly dividend on Saturday, December 28th, Wall Street Journal reports. Shareholders of record on Tuesday, December 31st will be given a dividend of 0.42 per share on Wednesday, January 15th. This represents a $1.68 annualized dividend and a dividend yield of 8.51%. The ex-dividend date is Tuesday, December 31st. This is a positive change from Crescent Capital BDC’s previous quarterly dividend of $0.07. Crescent Capital BDC has a dividend payout ratio of 81.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Crescent Capital BDC to earn $2.07 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 81.2%. Crescent Capital BDC Price Performance CCAP stock opened at $19.75 on Friday. The firm has a market cap of $731.97 million, a P/E ratio of 7.75 and a beta of 0.82. The firm’s fifty day moving average is $19.04 and its 200 day moving average is $18.73. Crescent Capital BDC has a 52 week low of $15.91 and a 52 week high of $20.03. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.26 and a current ratio of 1.26. Analyst Ratings Changes Read Our Latest Stock Report on Crescent Capital BDC About Crescent Capital BDC ( Get Free Report ) Crescent Capital BDC, Inc is as a business development company private equity / buyouts and loan fund. It specializes in directly investing. It specializes in middle market. The fund seeks to invest in United States. Read More Receive News & Ratings for Crescent Capital BDC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crescent Capital BDC and related companies with MarketBeat.com's FREE daily email newsletter .
Trump taps Kash Patel for FBI director, an ally who would aid in his effort to upend law enforcementThanksgiving Week Oversold Stocks to Watch:CRDL, QBTS, PRSO, RGTI & More! 11-25-2024 10:56 PM CET | Business, Economy, Finances, Banking & Insurance Press release from: ABNewswire As Thanksgiving approaches, investors are turning their attention to oversold stocks across some of the most innovative sectors in the market. This week's focus spans industries like biotechnology, healthcare, wireless technology, quantum computing and artificial intelligence-each offering promising opportunities despite recent declines in stock prices. With advancements in these cutting-edge fields continuing to shape the future, these undervalued stocks could provide high-reward potential for those looking to capitalize on market inefficiencies. 1. Cardiol Therapeutics (NASDAQ: CRDL) showcased CardiolRx Trademark at the American Heart Association Scientific Sessions 2024, highlighting its rapid pain relief and inflammation reduction in recurrent pericarditis, with potential to address unmet needs in myocarditis care causing sudden cardiac death in people at any age. See Entire News Article [ https://can01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fcfnmedianews.com%2Fcardiol-therapeutics-advancing-orphan-drug-trial-to-phase-2-3%2F&data=05%7C02%7Cchris.firman%40cardiolrx.com%7C1715faf91dfa468709ca08dcff34a8ce%7C6f2a47bd841b4886a2a58b23821e169d%7C0%7C0%7C638665848850043412%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=5My0%2FS5P7%2BjS0e%2FtomRhfTRBgqWgGv2aH4GKgmVObeQ%3D&reserved=0 ] 2. QMMM Ltd. (NASDAQ: QMMM): Emerging tech firm advancing quantum material applications, offering intriguing prospects for those seeking exposure to frontier technologies. 3. Peraso Inc. (NASDAQ: PRSO) received a $3.30 price target from Intro-Act, reflecting strong Q3 2024 results, reporting $3.84M Q3, cost reductions, global market traction, and a promising sales pipeline in the mmWave technology sector. [ https://thestreetreports.com/wp-content/uploads/2024/11/PRSO-Inter-Act-Report.pdf ] 4. Rigetti Computing Inc. (NASDAQ: RGTI): Quantum computing pioneer with recent developments that could redefine industry benchmarks, attracting renewed investor attention. 5. D-Wave Quantum Inc. (NYSE: QBTS): Industry leader in quantum annealing solutions, trading near lows despite advancing new quantum hybrid capabilities. 6. Palladyne AI Corp. (NASDAQ: PDYN): AI-driven company with a strong product pipeline that could disrupt multiple industries, currently undervalued amid market volatility. 7. Wearable Devices Ltd. (NASDAQ: WLDS): Developer of next-gen wearable tech with innovative neural control systems, presenting a speculative opportunity for growth-focused investors. 8. CS Diagnostics Corp. (OTCQB: CSDX) a renowned member of the CS Group, is a medical sector leader committed to advancing patient care through innovative solutions and is the sole owner of the property CS Protect- Hydrogel. CS Protect-Hydrogel, a hydrogel-based tissue spacer used in radiation therapy to increase the distance between cancer cells and healthy tissue and thus protect healthy tissue from damage caused by high doses of radiation to CS Diagnostics Corp. 9. Triller Group Inc. (NASDAQ: ILLR) has appointed Sean Kim, former Head of Product at TikTok and a leader at Amazon Prime, as CEO of Triller App and Triller Platform Co., aiming to drive the app's transformation into a global social media and entertainment powerhouse. 10. Power Nickel (TSX.V: PNPN | OTCQB: PNPNF) attracts investors with high-grade polymetallic assets, leveraging strong demand for base and precious metals in stable markets. These oversold stocks could present a golden opportunity for investors looking to capitalize on potential turnarounds and breakthrough technologies. Disclaimers: The Private Securities Litigation Reform Act of 1995 provides investors with a safe harbor with regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, assumptions, objectives, goals, and assumptions about future events or performance are not statements of historical fact and may be forward looking statements. 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San Francisco 49ers running back Christian McCaffrey and top backup Jordan Mason are being placed on injured reserve. McCaffrey left the snowy field in Buffalo on Sunday night after a 5-yard gain that was preceded by him heading to the sideline in apparent pain at the end of an 18-yard run. McCaffrey was diagnosed with a posterior cruciate ligament injury in his right knee and did not play in the second half. The 49ers also lost Jordan Mason, who emerged in a starting role with McCaffrey out the first two months of the season, to an ankle injury. Head coach Kyle Shanahan said Monday that Mason has a high-ankle sprain, which typically requires a recovery window of 4-6 weeks. Those moves push rookie Isaac Guerendo into the RB1 spot. He scored the team's only touchdown at Buffalo. The IR slots in San Francisco are manned by multiple starters, including wide receiver Brandon Aiyuk, linebacker Dre Greenlaw, defensive tackle Javon Hargrave and safety Talanoa Hufanga. Mason had a team-leading 789 rushing yards and scored three touchdowns. Being placed on IR means he's not eligible to play until the regular-season finale at Arizona. McCaffrey had 53 yards on seven carries on Sunday night and caught two passes for 14 yards before exiting. He was playing in just his fourth game of the season after missing the first eight because of Achilles tendinitis. McCaffrey was the NFL Offensive Player of the Year last season, when he led the league with 2,023 yards from scrimmage: a league-leading 1,459 rushing yards and 14 touchdowns plus 67 catches for 564 yards and seven scores. McCaffrey hasn't scored a touchdown in his four appearances this season. He has rushed for 202 yards on 50 carries and caught 15 passes for 146 yards. "It was frustrating," Shanahan said after the game. "He had a great week of practice and I could feel his urgency and stuff and thought he came out great, looking really good, and it looked like he just got his shoestring there. ... I hurt for him, and tough for our team not having him." The 49ers (5-7) played without defensive end Nick Bosa (oblique) and left tackle Trent Williams (ankle) in the 35-10 loss. San Francisco has lost three in a row heading into next Sunday's game against the Chicago Bears (4-8) in Santa Clara, Calif. San Francisco resides two games behind the NFC West-leading Seattle Seahawks (7-5) with five games remaining on the schedule. Seattle and San Francisco split their season series. --Field Level MediaHow Washington outsider Jimmy Carter wooed voters tired of Vietnam and WatergateSan Francisco 49ers running back Christian McCaffrey and top backup Jordan Mason are being placed on injured reserve. McCaffrey left the snowy field in Buffalo on Sunday night after a 5-yard gain that was preceded by him heading to the sideline in apparent pain at the end of an 18-yard run. McCaffrey was diagnosed with a posterior cruciate ligament injury in his right knee and did not play in the second half. The 49ers also lost Jordan Mason, who emerged in a starting role with McCaffrey out the first two months of the season, to an ankle injury. Head coach Kyle Shanahan said Monday that Mason has a high-ankle sprain, which typically requires a recovery window of 4-6 weeks. Those moves push rookie Isaac Guerendo into the RB1 spot. He scored the team's only touchdown at Buffalo. The IR slots in San Francisco are manned by multiple starters, including wide receiver Brandon Aiyuk, linebacker Dre Greenlaw, defensive tackle Javon Hargrave and safety Talanoa Hufanga. Mason had a team-leading 789 rushing yards and scored three touchdowns. Being placed on IR means he's not eligible to play until the regular-season finale at Arizona. McCaffrey had 53 yards on seven carries on Sunday night and caught two passes for 14 yards before exiting. He was playing in just his fourth game of the season after missing the first eight because of Achilles tendinitis. McCaffrey was the NFL Offensive Player of the Year last season, when he led the league with 2,023 yards from scrimmage: a league-leading 1,459 rushing yards and 14 touchdowns plus 67 catches for 564 yards and seven scores. McCaffrey hasn't scored a touchdown in his four appearances this season. He has rushed for 202 yards on 50 carries and caught 15 passes for 146 yards. "It was frustrating," Shanahan said after the game. "He had a great week of practice and I could feel his urgency and stuff and thought he came out great, looking really good, and it looked like he just got his shoestring there. ... I hurt for him, and tough for our team not having him." The 49ers (5-7) played without defensive end Nick Bosa (oblique) and left tackle Trent Williams (ankle) in the 35-10 loss. San Francisco has lost three in a row heading into next Sunday's game against the Chicago Bears (4-8) in Santa Clara, Calif. San Francisco resides two games behind the NFC West-leading Seattle Seahawks (7-5) with five games remaining on the schedule. Seattle and San Francisco split their season series. --Field Level Media
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General Mills Inc. stock underperforms Monday when compared to competitors despite daily gainsGretchen McKay | (TNS) Pittsburgh Post-Gazette Beans are kind of like the your best friend from high school — nearly forgotten but always ready to step back into the limelight and help out an old pal when needed. As gorgeously (and tantalizingly) demonstrated in Rancho Gordo’s new cookbook, “The Bean Book: 100 Recipes for Cooking with All Kinds of Beans” (Ten Speed, $35), beans are indeed a magical fruit, though not in the way you heard as a kid. Classified as both a vegetable and a plant-based protein in the USDA’s Dietary Guidelines for Americans, beans and other legumes can be the ingredient you build an entire vegetarian or veggie-forward meal around. Or, they can help an economical cook stretch a dish twice as far with nutritious calories. A healthful and shelf-staple plant food — they last for years when dried — beans have been among a home cook’s most reliable pantry items for a very long time. (Common beans (Phaseolus vulgaris) are thought to have been grown in Mexico more than 7,000 years ago.) That’s why, for some, they’re often something of an afterthought, especially if the only time you ate them as a kid was when your mom tossed kidney beans into a pot of beef chili or made baked beans (with brown sugar and bacon, please!) for a family cookout. Vegetarians have always appreciated their versatility and nutritional punch, and because they’re cheap, they also were quite popular during the Great Depression and World War II as C rations. Sales also peaked during the coronavirus pandemic, when shoppers stockpiled long-lasting pantry essentials. It wasn’t until Rancho Gordo, a California-based bean company, trotted out its branded packages of colorful heirloom beans that the plant began to take on cult status among some shoppers. Unlike the bean varieties commonly found in even the smallest grocery stores, heirloom beans are mostly forgotten varieties that were developed on a small scale for certain characteristics, with seeds from the best crops passed down through the generations. The result is beans that are fresher and more colorful than mass-produced beans, and come in different shapes and sizes. They also have a more complex and intense flavor, fans say. “The Bean Book” dishes up dozens of different ways to cook Rancho Gordo’s 50 heirloom bean varieties, which include red-streaked cranberry beans, mint-green flageolets, black and classic garbanzos and (my favorite) vaquero — which wear the same black-and-white spots as a Holstein cow. Other gotta-try varieties (if just for the name) include eye of the goat, European Soldier, Jacob’s Cattle and Good Mother Stallard, a purple bean with cream-colored flecks. “The very good news is that you have to work extra hard to mess up a pot of beans, and it’s not difficult to make an excellent pot,” Steve Sando writes in the book’s foreword. “The even better news is that you become a better cook with each pot you make.” Not convinced? Here are five reasons to jump on the bean bandwagon: Even the smallest grocery store will have a selection of dried and canned beans. Common varieties include black, cannellini (white kidney), Great Northern, pinto, navy, kidney, Lima and garbanzo (chickpea) beans. Even when they’re not on sale, beans are a bargain at the supermarket. Many varieties cost less than $1 a can, and dried beans are an economical way to build a menu. I paid $1.25 for a one-pound bag of cranberry beans, a smooth and velvety bean with a slightly nutty flavor, at my local grocery store. Rancho Gordo’s heirloom beans cost substantially more. (They run $6.25-$7.50 for a one-pound bag, with free shipping on orders over $50.) But they are sold within a year of harvest, which makes them more flavorful and tender. A bag also comes with cooking instructions and recipe suggestions, and the quality is outstanding. Plus, after cooking their beans with aromatics, “you are left with essentially free soup,” Sando writes in the cookbook. “If you drain properly cooked and seasoned beans, the liquid you are left with is delicious.” Beans are a great source of plant-based protein and both soluble and insoluble fiber, and they include essential minerals like iron, magnesium and potassium. If you’re watching your weight or following a particular diet, beans are naturally free of fat, sodium and cholesterol and are rich in complex carbohydrates. They also contain antioxidants and folate. And if you’re vegan or vegetarian, most types of dry beans are rich sources of iron. The U.S. Dietary Guidelines for Americans recommends eating 1-3 cups of legumes, including beans, per week Dry beans have to be soaked overnight, but cooking them is easy. They can be cooked on the stovetop, in a slow cooker, in the pressure cooker and in the oven. Canned beans are even easier — just rinse and drain, and they’re ready to go. Beans can be used in so many different dishes. They can be made into soup, salad or dips, top nachos, add some heft to a casserole or be mashed into the makings of a veggie burger. You also can add them to brownies and other baked goods, toss them with pasta, add them to chili or a rice bowl or stuff them into a taco or burrito. Check out these four recipes: PG tested This light and creamy vegetarian soup benefits from a surprising garnish, roasted shiitake mushrooms, which taste exactly like bacon. For soup 1/4 cup olive oil 1 medium yellow onion, chopped 2 celery stalks, chopped 1 medium carrot, scrubbed and chopped 6 garlic cloves, finely grated or pressed 2 sprigs fresh thyme, plus more for garnish 1/2 teaspoon sea salt 1/4 teaspoon pepper 4 cups vegetable broth 2 15-ounce cans cannellini beans, drained and rinsed For bacon 8 ounces shiitake mushrooms, caps cut into 1/8 -inch slices 2 tablespoons olive oil 1/4 teaspoons fine sea salt To finish Plant-based milk Chili oil, for drizzling Preheat oven to 400 degrees. Make soup: In large pot, heat oil over medium heat until it shimmers. Add onion, celery, carrot, garlic, thyme, salt and pepper. Cook, stirring occasionally, until vegetables are fragrant and tender, 8-10 minutes. Add vegetable stock and beans, increase heat to high and bring mixture to a boil. Reduce heat to medium and simmer until thickened, 12-14 minutes. Meanwhile, make the bacon: Spread shiitake mushrooms into a single layer on a sheet pan, drizzle with olive oil, sprinkle with salt and pepper and toss to combine. Bake until browned and crispy, 18-20 minutes, rotating pan front to back and tossing mushrooms with a spatula halfway through. Let cool in pan; mushrooms will continue to crisp as they cool. To finish, add some milk to the soup and use an immersion blender to puree it in the pot, or puree in a blender. (Cover lid with a clean kitchen towel.) Taste and season with more salt and pepper if needed. Divide soup among bowls and top with shiitake bacon. Garnish with thyme sprigs and a drizzle of chili oil. Serves 4-6. — “Mastering the Art of Plant-Based Cooking” by Joe Yonan PG tested Velvety cranberry beans simmered with tomato and the punch of red wine vinegar are a perfect match for a soft bed of cheesy polenta. This is a filling, stick-to-your-ribs dish perfect for fall. 1/4 cup olive oil 1 small onion, finely chopped 2 garlic cloves, minced 2 cups canned chopped tomatoes, juice reserved 1 tablespoon red wine vinegar 2 tablespoons tomato paste 1 cup chicken or vegetable broth 4 fresh sage leaves Salt and pepper 4 cups cooked Lamon or cranberry beans 2 cups uncooked polenta 6 ounces pancetta, diced Chopped fresh basil or parsley, for garnish Grated Parmesan cheese, for serving In large pan, heat olive oil over medium heat. Add onion and garlic and cook, stirring, until onion begins to soften, about 3 minutes. Stir in tomatoes and red wine vinegar. In a small bowl, dissolve tomato paste in the broth and add to pan. Stir in sage and season with salt and pepper. Simmer, stirring occasionally, until the sauce has thickened, 15-20 minutes. Add beans to tomato sauce. Cook, stirring frequently, until heated through, about 15 minutes. Meanwhile, prepare polenta according to package instructions. Place pancetta in a small saucepan over low heat. Cook, stirring frequently, until the pancetta is brown and crisp, about 15 minutes. Use a slotted spoon to transfer pancetta to a paper towel to drain. To serve, spoon polenta into serving dishes. Ladle the beans over the polenta and top with the pancetta. Garnish with fresh basil and serve with grated Parmesan. Serves 6. — “The Bean Book: 100 Recipes for Cooking with All Kinds of Beans” by Steve Sando PG tested Beans and seafood might seen like an unusual pairing, but in this recipe, mild white beans take on a lot of flavor from clams. Spanish chorizo adds a nice contrast. 4 cups cooked white beans, bean broth reserved 1/4 cup extra-virgin olive oil 1/2 white onion, chopped 2 garlic cloves, chopped 1 teaspoon salt, or to taste 1/2 cup finely chopped Spanish-style cured chorizo 2 plum tomatoes, chopped 1/2 cup dry white wine 2 pounds small clams, scrubbed well Chopped fresh parsley, for garnish Country-style bread and butter, for serving In large pot, heat beans in their broth over medium-low heat. In large lidded saucepan, warm olive oil over medium-low heat. Add onion, garlic and salt and cook until soft, about 5 minutes. Add chorizo and cook gently until some of the fat has rendered, about 5 minutes. Add tomatoes and wine and cook to allow the flavors to mingle, 5-6 minutes. Increase heat to medium and add clams. Cover and cook for about 5 minutes, shaking the pan occasionally. Uncover the pan and cook until all of the clams open, another few minutes. Remove pan from heat, then remove and discard any clams that failed to open. Add clam mixture to the bean pot and stir very gently until well mixed. Simmer for a few minutes to allow the flavors to mingle but not get mushy. Ladle into large, shallow bowls and sprinkle with parsley. Set out a large bowl for discarded shells and encourage guests to eat with their fingers. Pass plenty of good bread and creamy butter at the table Serves 4-6. — “The Bean Book: 100 Recipes for Cooking with All Kinds of Beans, from the Rancho Gordo Kitchen” by Steve Sando with Julia Newberry PG tested So easy to pull together for your next party! 1 1/2 cups cooked cannellini beans, drained and rinsed 2 tablespoons extra-virgin olive oil Juice and zest of 1 lemon 1 small garlic clove, minced Generous pinch of salt Freshly ground black pepper 2 or 3 tablespoons water, if needed 2 fresh basil leaves, chopped, optional 1 sprig fresh rosemary, leaves chopped, optional In a food processor, pulse cannellini beans, olive oil, lemon juice and zest, garlic, salt and several grinds of pepper until combined. If it’s too thick, slowly add the water with the food processor running until it is smooth and creamy. Blend in the basil and/or rosemary, if using Serve with veggies, pita or bruschetta. Makes 1 1/2 cups — Gretchen McKay, Post-Gazette ©2024 PG Publishing Co. Visit at post-gazette.com. Distributed by Tribune Content Agency, LLC.
Australia’s economic future will be at risk if we stop the wind and solar construction to build nuclear. Big energy-intensive manufacturing industries such as aluminium smelters would likely be forced to close, and the risk of blackouts from forcing coal generators to stay on line would be huge. Wind, solar and firming can clearly do the job. Every hurdle from reliability to inertia has been overcome. There is no need and no reason to change course. Certainly economics is not a reason. To summaries, building a nuclear industry in Australia: • Makes blackouts more likely by forcing coal stations, already expensive to maintain, that require government support and are increasingly unreliable to go for much longer. The idea of replacing the coal plants with gas while we wait is likely not very realistic, largely because gas plants themselves are expensive and hard to permit and because if asked to run in shoulder mode they are not very efficient and require lots of gas. And right now we are already looking at importing LNG. If the nuclear plants are 5, 10 or 15 years late, as is entirely possible, it would require heroic assumptions to see the coal fleet managing the gap. More to the point it’s a completely avoidable and unnecessary risk. Australia is well set on its transition path. There are some inevitable cost up and downs but no show stoppers have been identified. Every hurdle from reliability to inertia has been overcome. There is no need and no reason to change course. Certainly economics is not a reason. • Increases emission costs by between even in the very unlikely event the plants are built on time as compared to the present ISP. • The nuclear plants stand a good chance of being well over budget and late. That’s because: ° Globally that is often but not always the case. By and large the nuclear industry is one of the most likely global industries to be late and over budget. There is no real nuclear expertise in Australia; ° It will have to be more or less forced on an industry set on a different course; ° It will likely be government owned and developed and the record on that in Australia is poor; ° In general for most capital intensive industries there is an Australia cost premium relative to global averages. This in the end will disadvantage us compared to other countries in terms of the cost of energy. • Likely will destroy the value of CER (consumer energy resources – rooftop solar, home batteries and EVs) in Australia. • Will result in the temporary halt in the transition to a firmed VRE system which is already 20 years down the track with a penetration rate of say 50% within 18 months. • Equally the LNP and by comparison Frontier don’t appear to have done the work or to understand the demand forecasts. The LNP bleat on about EVs, but the real differences are hydrogen, large industrial loads and business demand. One suspects that the aluminium industry in Australia will die if it has to wait for nuclear. • Finally the old concept of baseload is changing, but in my opinion firming costs are cheaper the bigger the portfolio. This implies firming should sit at least with a large gentailer or possibly with a State or even Federal Govt. The biggest, by far, reason for the electricity industry to push back against the ideological LNP Nuclear plan is its far, far too risky. Australia has a plan to decarbonise. It’s not a perfect plan, no plan survives first contact, but it’s capable of and is in fact being achieved. We are roughly already at 40% VRE. We have at least 20 years experience at developing and integrating wind, solar, behind the meter assets and batteries. We know the issues around transmission and social license and cost and reliability. There are well developed plans for each issue and a wealth of industry finance and expertise. The assets to take us from 40% VRE to 50% are already under construction, some are just starting to enter service. The insurance finance to add another 12 GW of VRE and 4 GW of firming assets (essentially batteries) is already either awarded or in tender through the CIS. The LNP wants to bring this to a crashing halt, keep our few, increasingly ageing and unreliable coal stations going for another 20 years while it starts up an industry in which Australia has zero comparative advantage and zero experience. Only in politics could conmen say things with such a straight face. The risk of the coal stations failing is very high. Other stations like Eraring have full ash dams. Yallourn is already on Government support, Vales Point and particularly Mt Piper have coal supply issues. Gladstone Power Station in Queensland is ready to close. And so on. It simply isn’t prudent for Australia to depend on these stations as a group to do another 20 years. It’s a completely unacceptable risk that politicians want to expose Australians to, purely for the sake of politics. I could, but won’t. go into the politics. It is quite sufficient to point out the risk, and really I could close this note at this point completely confident that the argument is made. The LNP might argue that they would build more gas stations. To start with they take time and planning and secondly: Where is the gas? Wherever it comes from it will be expensive. By all means build a peaker or two but it’s a sideshow to the main game, which is bulk energy and shifting it through time and space. For what it’s worth. the following figure shows the closing of the Crocodile jaws. The top jaw is coal and gas generation and the bottom jaw is wind, solar and hydro. The jaws didn’t close much this year, due to wind drought and some utility solar price constrained off but they surely will next year as about 2.5 GW of wind currently in commissioning gets to full production and some more solar farms as well. In addition there is 6 GW, count them, 6 GW of batteries under construction. Using a 180 day moving average allows the informed view to see the Winter v Spring Summer impact. Like many another analyst I’m prepared to look at any technology on its merits. If Frontier Economics had any interest at all in bringing the industry to their point of view then the report is an abysmal failure. Its failings are so obvious that it hardly needs me to do a me to, but I have. As I’ve stated before, a presumption of bias can be attached to the report for three reasons. There are lots of estimates of the cost of carbon. These range from the Gillard Government’s cost which the LNP revoked adjusted to $ of today which Frontier states would be about $40/t, through to the European price presently around Euro 68 = $A113/t, through to a major, multi author estimate published in Nature with a mean of $US185/t = $A 296/t (but the range is US$ 44 to $US 413/t) to the USA official estimate of $US 51 =81.54 AUD $A 81/t through to the AER estimate of $A 75/t in 2025 rising to $221 by 2040. And finally there is the set of numbers adopted by the AER which rise strongly over time and which I have used Frontier could have used any of these numbers, but they don’t. The extra carbon emissions are not regarded as a cost worth considering in Frontier’s numbers! On my numbers the NPV of the increased emissions is between $57 bn and $72bn. The method for calculating this was: I might add that the social cost of carbon is normally calculated with discount rates of 2%-4% given that the damage is long lasting but I haven’t considered the methodological issues around that here. The overall point remains that there can be no excuse whatsoever for Frontier ignoring the cost difference. Frontier could have used some other carbon price estimate, but there is no doubt that carbon emissions have a cost, that is why we decarbonising and not considering that cost renders the Frontier exercise fairly useless. In an AFR article, Frontier’s Danny Price states that the AER carbon cost does not represent the “economic cost”, and produces not a shred of evidence to support this view. The comment seems to me to be revealing of the underlying philosophy of Frontier that global warming is overstated as an issue. Some of the justified criticism of Frontier is in the way it adds up “real costs”. For instance: However, since the use of “real costs” for investment analysis is in any event fatally flawed from the outset and contrary to the laws of Finance, and because I think Price knows that perfectly well, I tend not to worry about methodological flaws of “real costs”. Equally, Steve Hamilton in his excellent noted that AEMO incurs its capital costs from today onwards but the the nuclear costs are only start to be incurred from 2035. In NPV terms costs that are incurred later have a lower NPV than costs that incurred earlier, and Steve noted that if we just compared costs in 2050 there is only a 12% difference between the nuclear and AEMO difference. However, in NPV terms, if we allow for the difference in carbon costs, these differences matter less. In effect Frontier defers capital spending improving NPV but incurs carbon costs which reduce NPV. It’s just that Frontier doesn’t count the carbon cost. Also, once the capital spending on VRE has been made the annual operating costs fall sharply compared to existing coal. Wind opex, for instance, is around A$10/MWh compared to say A$50/MWh for existing black coal, maybe less for brown coal. However, in my opinion it’s unlikely that AEMO captures all the maintenance capital expenditure required on end of life coal assets that are not just end of life but also have to be ever more flexible, ever more capable of ramping. I won’t take the time to illustrate this issue, but just look at the costs being incurred by AGL, and the Government support offered to Yallourn and Eraring. Frontier estimates a nuclear cost today in Australia of A$10,000/Kw, which then falls by 1% per year from today. So the A$10,000 is effectively a misleading number. In that Frontier’s estimate of cost is actually in real terms as Hamilton calculates about A$8,500/KW in 2040 and continues to fall. I don’t have any problem with learning rates in an industry: Solar, wind, batteries and many, many other technologies have a learning rate, representing the reduction in unit costs for a doubling of installed capacity. But I think any reasonable person would question whether it’s appropriate to apply a learning rate to an industry that hasn’t even started in Australia and where the year 0 number is still very much in question. And, to the best of my knowledge, there hasn’t been much of a global learning rate in nuclear, although there may be one in China. In fact academic articles suggest that the experience curve for nuclear depends on the time and country. One oft cited reference is “How Big Things Get Done” by Betty Flyvbjerg and Dan Gardner, 2023. A key figure from that book is: The horizontal axis represents on time, expectations, further to the right is more on time, the vertical axis shows on budget. industries in the bottom left quadrant tend to have “fat tails” which means that the outcomes vary. Perhaps in China nuclear goes well, but in the UK or the USA it goes badly. On average it goes badly. Solar and wind go well. The figure is based, I believe on data summarised in the following table. The fact that olympics and nuclear have cost over runs most of the time surely cannot be a surprise to anyone. To me this is so intuitively obvious as to not need stating. Wind and solar projects take a couple of years to build, the technologies are modular, capable of being repeated and relatively small scale. Even a 1 GW wind farm represents 150 concrete pouring, each more or less the same, 150 turbines erected each the same way and so on. And Australia has done 1000s of turbines already. By contrast, Lucas Heights notwithstanding, Australia has absolutely zero nuclear experience or expertise, nuclear plants require much more planning, contracts that inevitably will need to be renegotiated and so on. The mind truly boggles. And in the end we would have zero comparative advantage. Whatever Australia’s nuclear cost it wont be lower than anyone else’s. How could it be? Modern nuclear plants with higher levels of automation might employ 500-800 people. According to a rough industry source about 50% -70% of those jobs will be in operations, maintenance and technical support. Roughly 25%-50% of the people will be engineers of one kind of another. Uranium mining and processing is not going to be taking place where nuclear plants are located. The idea that coal miners will down tools and suddenly start working in a nuclear plant is something only an LNP ideologue could truly believe. Of course, like any business, there will be second order GDP multiplier effects. However, I think it’s reasonable to assume that both the primary and secondary GDP impacts of building out regional REZs will be higher per $ of capital expenditure because by and large they come off a lower base. Building out the Central West Orana renewable energy zone in NSW will have major impacts, not all good, and not all sustainable on the regional economy. But for ever after the regional economy will have a more diversified industry base that, in my opinion, will enable it to better withstand the vicissitudes of the Australian climate and its ever more extreme drought and flood cycles. As far as I know the electricity industry in Australia has expressed zero interest in nuclear and obviously some parts of the industry that are busy building wind and solar will be actively opposed. Clearly this in itself is likely to raise costs. That is, the nuclear plants will have to be forced on the industry to a greater or lesser extent. Again although the plans are very vague the understanding is that they will Goverment funded and owned. Leaving aside all questions of ideology, in my opinion having the Goverment manage the program rather than industry means that there will be less expertise at almost every stage. I could rant on about this, the mind truly does boggle a bit at the possible negative outcomes, but perhaps it is sufficient to say that having the Goverment step into this area where it has no expertise raises the odds of cost and delay outcome substantially. Frontier provided no shapes to their demand or supply forecasts, just the annual totals. This has led to questions on how 13 GW of flat supply will impact the output of other fuels. Price stated that once the 13 GW was forced in the system, it was “re optimised” and the capacity factors, 90% in the case of nuclear, are a model output. And to be fair there is presently must run coal generation in the system which effectively provides a level of flat supply. That level continues to decline, and at least in Spring, the must run nature of coal already forces prices below zero and results in utility solar spillage. As to what fuel gets spilled that is a matter so far of policy and economics. Utility solar, and wind contracts can be written so that negative prices are not covered, the CIS has such a contract. Each contract for differences may have its own wording and since I don’t see any of them I’m cautious about generalising. AEMO provides via the ISP, as Frontier does not, half hourly demand traces by region and POE (10% and 50%). ITK has spent more time than I care to admit looking at these demand traces over the past four years and puzzling over what and what not is included in say “OPSO modelling”. A good starting document is: and for the half hourly data we want Section 6 starting at p57. AEMO is thorough with its demand forecasting, but that does not make the outcomes reliable, that’s the point really, some things are just hard to forecast no matter how thorough. Still, I find its well worth reading that Section 6 several times, because as Dylan sang way back in the early 1960s “dont criticise what you cant understand”. And this stuff ain’t that easy to understand. The following figure shows the shape of average daily demand in 2050 for both the Progressive and Stepchange scenarios with the horizontal red line showing average nuclear output at 90% capacity factor. It’s fair to say that rooftop supply is always a bit out of place on a demand figure but that is the way its done. Operational demand is gross demand less rooftop supply. Time of day averages are just averages. Particularly in the step change case in the ISP view of the world much of the lunch time surplus goes to charging storage to meet some elements of demand in non solar hours. The way I’ve constructed this figure in the Progressive case nuclear replaces virtually all the exiting rooftop and a significant portion of utility supply. In the Step Change scenario it’s still cutting out quite a bit. And that’s out in 2050 when in either Progressive or Step demand is a lot higher than in 2025. It seems intuitive that if nuclear is supplying say 50% of operational demand (more in the Progressive case) that some other sources of supply are going to be running at fairly low capacity factors. However, Frontier’s modelling apparently doesn’t show that.. This remains an unresolved issue. The numbers appear to show that with nuclear meeting 50% of Progressive Scenario demand in 2050 that capacity factors of other fuels will be impacted even with storage demand included. Frontier says this is not really the case and they have the gold standard PLEXOS modelling to prove it. One potential path to reconciliation would be for Frontier to show more results including those with behind the meter PV and storage and some average daily shapes, but I’m not holding my breath. Frontier did such a poor job the first time round the wise course for them would be to retire from the field and not give their many critics more oxygen. I spent time this year working with AEMO’s demand forecasts. In my view not enough attention is paid to demand as virtually all the mainstream focus is on supply and or price. But price represents the intersection between supply and demand, and the primary way to decarbonise an economy is to decarbonise electricity and then electrify other energy sources. AEMO makes the job hard because their demand portal would, I suspect, confuse even Edward Teller. At the risk of a minor digression, the Progressive demand case assumes that most large industrial loads (LIL) close around 2030. That would be the Tomago and Boyne Island and Portland aluminium smelters. Is that really what the LNP wants to happen? Here are the LIL forecasts for the two scenarios and then the state by state forecast for the Progressive scenario. Assuming, rarely a good decision, that I’ve successfully navigated AEMO’s demand portal and the recut and supposedly easier to follow analysis I show at then I get the following main item comparison between he various demand scenarios in 2050. Note that sum EV load is cotained in the res_sum row below. Nevertheless the point remains that talking about EVs maybe good politics for the LNP, even in Ted O’Brien’s Sunshine coast electorate where there are many EVs but it doest go to the major differences in the scenarios. Ignoring Green Energy Exports (everyone does) you can see that in fact the main differences between Progressive Change and Central are: Traditionally energy intensive businesses in Australia, primarily aluminium smelters, negotiate heavily discounted electricity prices with State Govt’s in return for investment in smelters. Traditionally, there has been a role for base load in the large industrial loads sector. However, in my opinion, the way to provide the firmed power has changed and the same result can be achieved, arguably at a lower cost, especially when carbon emissions are accounted for. As of today the State Govt contracts have often been transferred to private entities eg to AGL and other generators in Victoria in respect of the Portland smelter. However, there is no way the private sector is going to incur losses to support an aluminium smelter. The smelters remain a big industry collectively consuming around 9%-10% of electricity (the share relative to operational supply is higher). The relevance of the term “baseload” is best understood in the context of say an aluminium smelter which in Australia typically wants a flat supply, that is a supply every half hour of about 0.9 GW. Traditionally in Australia a coal generator backed up by contracts in the market and a retailers general supply portfolio was the the way it was done. For instance in QLD the Gladstone Power Station is 42% owned by Rio, in Victoria Portland smelter traditionally contracted with Loy Yang A, although that has now changed. In Tasmania the Bell Bay smelter, surely one of the older smelters in the world, contracted with Hydropower of Tasmania. In each case though there is a State Government providing a subsidy one way or another in the background. As the coal stations go away, several questions arise, but the one of relevance here is how to provide the smelter with its flat load without a coal station. So far the emerging answer seems to be that the smelter will provide the VRE itself, but will depend on the State Govt to provide the firming. For instance in February 2024 Rio announced a deal to buy 80% of the 1.4 GW Bungaban wind project and 100% of the 1.1 GW Calliope solar farm, but so far Rio has not announced any firming of this energy. The output of the two projects should be around 6 TWh per year – enough to power most of the smelter when generating. Clearly there will be too much generation at some points and too little at others, and the missing link is the management of the difference. What it shows to my way of thinking is a requirement for all the parties to think beyond a simple contract for difference whereby Rio buys power from the market and the QLD Govt subsidies the purchases. Now there is a more complex situation seemingly requiring the State and Rio to work more closely together. Ultimately, in a renewables based system, the rule is that the bigger the portfolio the lower the firming cost. That is the cost of firming total QLD supply is lower than the cost of firming just the smelter. According to the oldest rule of finance that risk should go to the party best placed to manage it, it’s therefore entirely reasonable for QLD to carry the firming cost. My point here is that Rio and the State Govt don’t need to think about “Baseload coal” or “Baseload nuclear” – the need is to understand the best way to firm QLD’s excellent solar and wind resource and to allow Rio to access that firmed cost.In Pictures: Jimmy Carter continued campaigning long after leaving powerNo. 13 Duke 73, No. 9 Kansas St. 62
Basketball season is here. Subscribe to the DRC for $1 a month over the next six months to follow all that transpires with North Texas and area high schools. There is bit of uncertainty when it comes to what North Texas’ defense will look like down the line with coach Eric Morris in the market for a new coordinator as the Mean Green head down the stretch of his second season. Haydon Caston is confident he’ll fit no matter what direction Morris decides to go. The Iowa Colony safety committed to the Mean Green on Sunday. “I’m absolutely sure that I’ll fit in with whatever scheme they run,” Caston said shortly after he announced his decision on social media. “I’m a versatile player.” Caston, who is 6-foot-1 and 185 pounds, has excelled in each of the last two seasons. He was named the Defensive MVP of District 12-4A in 2023 when he finished with 103 tackles and three interceptions. He has 97 tackles and three interceptions through the first round of the playoffs this year. Clay Jennings, UNT’s safeties coach, recruited Caston. The senior has more than a half dozen scholarship offers and chose UNT over Hawaii and UTEP. He attended a junior day at UNT and returned for an official visit on Oct. 5. “North Texas felt like home when I went on my official visit,” Caston said. “It’s close to home. My family can come to watch me play and I have a close connection with all the coaches. I feel like they are there to help me build myself and become a better football player as well.” Caston is the 14th player to commit to join UNT’s 2025 recruiting class. The group is ranked No. 7 among American Athletic Conference teams by 247Sports. Success! An email has been sent to with a link to confirm list signup. Error! There was an error processing your request. Get the scoop on all the thrilling victories, nail-biting games and standout performances — straight from the sidelines of Denton-area high schools. Success! An email has been sent to with a link to confirm list signup. Error! There was an error processing your request.
WOLF INVESTOR DEADLINE: Wolfspeed, Inc. Investors with Substantial Losses Have Opportunity to Lead Shareholder Class Action LawsuitThe Osun State chapter of the All Progressives Congress (APC) has criticised the recent workers’ appreciation rally held in support of Governor Ademola Adeleke, questioning its purpose and dismissing it as a publicity stunt. The rally, organised by Osun State workers under the umbrella of the Nigeria Labour Congress (NLC), was held to appreciate the governor’s approval of a new minimum wage of ₦75,558.24 for workers and ₦25,000 for pensioners. Speaking during the event on Monday, Governor Adeleke declared himself a “Talk and Do Governor,” reiterating his commitment to fulfilling his campaign promises, with workers’ welfare as a top priority. In a statement issued by its Director of Media and Information, Mr Kola Olabisi, the APC accused Governor Adeleke of seeking “cheap political popularity” through the rally. The party criticised the administration for allegedly sponsoring the event, claiming it lacked authenticity as no worker had yet received the promised minimum wage. Olabisi described the rally as “a superfluous theatrical show” and questioned why the appreciation did not originate directly from the workers. He said: “It is absurd that the state government under Governor Adeleke would stoop to sponsoring a civil servants’ rally, all in the name of announcing a minimum wage that has not yet been implemented. This is nothing but an attempt to fraudulently curry non-existent political popularity.” The APC also raised concerns about other unresolved issues in the state, including the alleged encroachment on the Ido-Osun Airport land by Adeleke Secondary School, a property linked to the governor’s family. The appreciation rally, held at the Government Secretariat in Osogbo, attracted a large turnout of workers who sang and danced while awaiting Governor Adeleke’s arrival. “We are here today to show appreciation for the kindness of Governor Ademola Adeleke in approving a minimum wage of ₦75,558.24. We, as workers, pledge to ensure quality service delivery for the benefit of Osun State.” In his speech, Governor Adeleke reaffirmed his commitment to workers’ welfare, stating, “They call me the Talk and Do Governor. During my campaign, I made workers’ happiness my priority. It’s a sin for someone to work and not get paid. Even with limited resources, I’ll continue to prioritise your welfare.” The governor also hinted at plans to improve the state’s Internally Generated Revenue (IGR), promising that these efforts would benefit the workforce. The APC, however, accused Governor Adeleke of neglecting pressing issues such as resolving the Ido-Osun Airport relocation crisis and addressing allegations of favouritism in the extension of the Head of Service’s tenure. The party argued that the rally was a distraction from these critical matters, warning: “If Governor Adeleke thinks this sycophantic rally will earn him political leverage beyond 2026, he is wasting his time and daydreaming.”
MARKET REPORT: Budget battering goes on for Britain's builders amid fears of higher interest ratesA world-renowned Haida artist and avid supporter of the victims of war in Ukraine, is pitching his talents to a Victoria non-profit that provides life-changing prosthetics. Michael Nicoll Yahgulanaas is the only living Indigenous artist whose work is in the permanent collection of the Modern and Contemporary Art Department at New York’s Metropolitan Museum of Art. His works are also in the collections of the British Museum, Denver Art Museum, Peabody Essex Museum, Seattle Art Museum, Glenbow Museum in Calgary, Vancouver Art Gallery and Museum of Anthropology at UBC. Originally scheduled to have an art show at the TSEKH Art Gallery in Kyiv, Ukraine in the fall of 2021, Nicoll Yahgulanaas is instead using his art to raise funds and awareness for the war-torn country. One of the works that would have been displayed is called Kyiv Child, created after visiting Ukraine in 2019. “I made many friends on that trip, and now they are huddling in basements, holding their children close. They worry about food, water, and Putin's indiscriminate bombing of civilians,” Nicoll Yahgulanaas said in a statement. Yahgulanaas has raised $75,000 so far for Ukraine aid through Unicef and MSF, and the latest campaign targets $25,000 for the Victoria Hand Project. From a small lab at the University of Victoria, The Victoria Hand Project harnesses 3D printing technology to create life-altering prosthetics. The charity strives to empower individuals worldwide, particularly where accessing prosthetics is challenging. By offering affordable and sustainable solutions, they restore independence, hope, and dignity to those who have lost mobility due to limb loss. CEO Michael Peirone is grateful that the B.C. artist opted to share his talents with the Saanich-based project. Malaspina Printmakers in Vancouver is covering the costs to create the high-quality prints of Yahgulanaas’s work available for $700 . Other donors and supporters mean the funds are 100 per cent proceeds. Each print sale, $700, would essentially cover the costs associated with a prosthetic in Ukraine, Peirone told the Saanich News. “Unfortunately from what we’ve heard from partners on the ground working in Ukraine there is such a need for prosthetic care and the resources aren’t available,” he said. “The waitlists are growing, with people who have been waiting six months to a year after losing an arm defending their country. “Even if the war ended right this moment – and we wish it would – there’s still a great need for prosthetic care.” Three Victoria Hand Project team members travelled to Ukraine in June 2023 to train locals and set up two clinics for the organization’s usual in-country solution. “That helps with the long-term sustainability and decreases wait times. Also, we found it really fosters a sense of pride in the community,” Peirone said. The non-profit has made several in-person trips there, creating fast and affordable prosthetic limb production. The organization has already provided more than 110 prosthetics for Ukrainians. Get prints online at . It's one campaign among several underway at the Victoria Hand Project. A Giving Tuesday event (internationally recognized as Dec. 3) aims to raise $50,000 focused on providing prosthetic arms in Ukraine. An evening of Impact features a silent auction, compelling personal stories and food and beverages. Learn more about the initiative, purchase tickets or donate online at .President Jimmy Carter at the White House, in Washington, U.S. March 8, 1977. Library of Congress/Reuters Jon Hartley is a research fellow at the Foundation for Research on Equal Opportunity, a senior fellow at the Macdonald-Laurier Institute, and affiliated scholar at the Mercatus Center. Former U.S. president Jimmy Carter died on Sunday at age 100. That makes the economic legacy of Mr. Carter’s decisions a timely matter to examine. One issue that policymakers around the world should reflect on in these newly inflationary times is that America’s inflation fighting of the 1980s was set in motion by Mr. Carter in the form of deregulation and hawkish monetary policy – well before the Reagan Revolution, the phenomenon associated with Mr. Carter’s successor, to whom the credit is often given. At the end of the 1970s, the U.S. economy was plagued by inflation and financial market volatility. Jimmy Carter, former U.S. president and Nobel Peace Prize winner, dies at 100 Several Federal Reserve chairs, including Arthur Burns, William Miller and Frederick Schultz (in an acting capacity), all had failed to tackle inflation head-on, with dire consequences: inflationary spirals that ravaged the financial well-being of Americans, especially those at or below the median income. In late July, 1979, Mr. Carter nominated Paul Volcker, then the hawkish president of the Federal Reserve Bank of New York, to head the central bank. While sitting on the Federal Open Market Committee, Mr. Volcker had made it clear he was in favour of more aggressive interest rate increases. He took action in fighting inflation with increases that past Fed chairs had been too afraid to introduce, eventually raising interest rates to a peak of 21.5 per cent in 1981. Despite contributing to a significant labour market pullback that included unemployment above 10 per cent, the hikes pushed inflation, which had peaked at 14.8 per cent in 1980, to fall below 3 per cent by 1983. The episode is still cited by economists and textbooks as one of the greatest empirical examples of how raising interest rates can reduce inflation by lowering aggregate demand. Opinion: Remembering Jimmy Carter, a presidential study in contradiction and high conduct In 1983, President Ronald Reagan reappointed Mr. Volcker to a second term, beginning a long tradition of reappointing Fed chairs (even across party lines) that would last 35 years and further enshrine central bank independence. President Carter’s initial decision had important long-term consequences. The Carter-Volcker inflation-fighting legacy is a lesson that President Joe Biden, current Fed chair Jay Powell and other Federal Reserve officials should remember as they continue their quest to vanquish the early 2020s inflation spike – after initially hesitating, in the mistaken belief that inflation would subside on its own, without central bank intervention. Former U.S. President Jimmy Carter signs a disaster relief declaration for cold-stricken Buffalo, N.Y., on Feb. 5, 1977. John Duricka/AP Lt. James "Jimmy" Carter, background, peers at instruments in main control room of the submarine USS K-1 (SSK-1) in 1952. From 1952-53, Carter served on temporary duty with the Naval Reactors Branch of U.S. Atomic Energy Commission to assist "in the design and development of nuclear propulsion plants for naval vessels." Courtesy of Naval History and Heritage Command American politician Jimmy Carter looks up while shoveling peanuts on a peanut farm, 1970s. Hulton Archive/Getty Images In a photo provided by Special Collections and Archives/Georgia State University, Dorothy Bolden, left, founder of the National Domestic Workers Union, with Jimmy Carter when he was Georgia's governor, in 1970. Bolden adapted the organizing techniques she learned as a civil rights activist to secure protections for domestic workers, a largely unregulated part of the work force. SPECIAL COLLECTIONS AND ARCHIVES/The New York Times News Service President elect Jimmy Carter (c), flanked by his wife Rosalynn (L), his daughter Amy (2nd L) and family, celebrates his election during a rally in Atlanta on November 3, 1976. Jimmy Carter was elected 39th President of the United States on November 2, 1976, with 51% of votes against 48% for incumbent Republican president Gerald Ford. GENE FORTE/Getty Images Supporters of Democratic presidential candidate Jimmy Carter hold up signs during a rally on May 15, 1976 in New York. Jimmy Carter was elected 39th President of the United States on November 2, 1976, with 51% of votes against 48% for incumbent Republican president Gerald Ford. -/Getty Images Chief Justice Warren Burger administers the oath of office to Jimmy Carter (R) as the 39th President of the United Sates on January 20, 1977. Rosalynn Carter is looking on. -/Getty Images Former Prime Minister Pierre Elliott Trudeau, right, presents former U.S. President Jimmy Carter with a copy of 'Between Friends,' a book of pictures made along the U.S.-Canadian border, on Feb. 21, 1977. Anonymous/The Associated Press In this Tuesday, Aug. 30, 1977 file photo, President Jimmy Carter meets with civic leaders from Georgia and Florida at the White House in Washington to explain his new Panama Canal treaty. Hharvey Georges/The Associated Press In this file photo taken on September 17, 1978, Egyptian President Anwar al-Sadat (back to camera) and Israeli Premier Menachem Begin embrace each other after signing a peace agreement as U.S. President Jimmy Carter looks on, in the East Room of the White House in Washington D.C. -/AFP/Getty Images Former U.S. President Jimmy Carter, left, and Ronald Reagan shake hands before a televised debate in October 1980, in Cleveland, Ohio. The Associated Press Former U.S. president Jimmy Carter, right, with Lowell BruceLaingen, one of the American hostages released by Iran, in Wiesbaden, West Germany, Jan. 21, 1981. D. GORTON/The New York Times News Service Photo shows Bill Gates Sr., (L) former South African President Nelson Mandela and former U.S. President Jimmy Carter holding babies at the Zola clinic, in the Soweto Township outside of Johannesburg, South Africa on March 7, 2002. The babies were born to mothers who have tested positive for HIV. Carter on a trip for the Bill and Melinda Gates foundation in an effort to focus attention on HIV and AIDS prevention. On Oct. 11 2002, Carter won the Nobel Peace Prize for years of tireless effort as an international mediator. JEFF CHRISTENSEN/Getty Images Former U.S. President Jimmy Carter (L) participates in election monitoring 08 May 1994 in Panama City. Carter, 78, on Friday 11 October 2002 won the 2002 Nobel Peace Prize for years of tireless effort as an international mediator. Carter, 78, was honoured for "his decades of untiring effort to find peaceful solutions to international conflicts, to advance democracy and human rights, and to promote economic and social development", the Norwegian Nobel Committee said. RODRIGO ARANGUA/Getty Images Former U.S. President Jimmy Carter holds up his Nobel Peace Prize December 10, 2002 in Oslo, Norway. Carter was recognized for many years of public service and urged others to work for peace during his acceptance speech. Getty Images/Getty Images Former U.S. President Jimmy Carter and former First Lady Rosalyn Carter attach siding to the front of a Habitat for Humanity home being built June 10, 2003 in LaGrange, Georgia. More than 90 homes are being built in LaGrange; Valdosta, Georgia; and Anniston, Alabama by volunteers as part of Habitat for Humanity International's Jimmy Carter Work Project 2003. Erik S. Lesser/Getty Images Former U.S. President Jimmy Carter (L) takes notes 02 December 2004 while listening to a translater during his polling station observation visit in Maputo, Mozambique. Mozambique's long-time President Joaquim Chissano expressed surprise Thursday at the abysmal turn-out in elections to choose his successor, and blamed the poor showing on widespread illiteracy and ignorance of political systems. MARCO LONGARI/Getty Images Jimmy Carter talks with his grandson Hugo Wentzel, 10, during a picnic event on October 31, 2009 in Istanbul, Turkey. Jimmy Carter, Desmond Tutu and their fellow Elders invited their grandchildren to join them this week to remind the world of the catastrophic risk of climate change to future generations. The seven Elders and their thirteen grandchildren from Asia, Africa, Europe and America met in Istanbul with the group ranging in age from 3 to 85. Supplied/Getty Images Former U.S. President Jimmy Carter tries to comfort 6-year-old Ruhama Issah at Savelugu (Ghana) Hospital as a Carter Center technical assistant dresses Issah's extremely painful Guinea worm wound. In May 2010, with Carter Center support, Ghana reported its last case of Guinea worm disease and announced it had stopped disease transmission a year later. Louise Gubb/Carter Center Former U.S. president Jimmy Carter and former first lady Rosalynn Carter at Mr. Carter's 90th birthday celebration at Georgia Southwestern University. Branden Camp/The Associated Press Former U.S. president Jimmy Carter signs copies of his new book at a Barnes & Noble bookstore in New York City in March 26, 2018. Drew Angerer/Getty Images Former President Jimmy Carter greets visitors before teaching a Sunday school class at Maranatha Baptist Church in Plains, Ga., April 15, 2018. MELISSA GOLDEN/The New York Times News Service Former U.S. president Jimmy Carter and former first lady Rosalynn Carter work with volunteers during the first day of the Jimmy & Rosalynn Carter Work Project for Humanity, on Aug. 27, 2018, in Mishawaka, Ind. Robert Franklin/The Associated Press Mr. Carter also played a substantial role in the deregulation of many industries in the United States in the late 20th century. In 1978, he signed the Airline Deregulation Act into law, which removed federal government control over the industry, paving the way for low-cost carriers such as Southwest Airlines. Later that same year, he also signed into law the Energy Act, legislation that would deregulate oil and gas prices and later increase the supply of energy, lowering prices further. It also ended a period in which natural gas was blocked from entering interstate markets from producing states. Deregulating many other industries would follow, even after the Carter administration. This practice has its critics, who say it erodes the rights of workers, but it has unquestionably resulted in further reducing prices and thus improving consumer welfare, especially for those below the median income, as inflation is historically higher for the poor. While Mr. Reagan often gets the credit for deregulation and fighting inflation – he was in office during most of Mr. Volcker’s term at the Fed – some of the seeds of the Reagan Revolution were planted by a kind peanut farmer from Georgia named Jimmy Carter.
Former US president Jimmy Carter dies aged 100The sight was a common one for Andrew Kolpacki. For many a Sunday, he would watch NFL games on TV and see quarterbacks putting their hands on their helmets, desperately trying to hear the play call from the sideline or booth as tens of thousands of fans screamed at the tops of their lungs. When the NCAA’s playing rules oversight committee this past spring approved the use of coach-to-player helmet communications in games for the 2024 season, Kolpacki, Michigan State’s head football equipment manager, knew the Spartans’ QBs and linebackers were going to have a problem. “There had to be some sort of solution,” he said. As it turns out, there was. And it was right across the street. Kolpacki reached out to Tamara Reid Bush, a mechanical engineering professor who not only heads the school’s Biomechanical Design Research Laboratory but also is a football season ticket-holder. Kolpacki “showed me some photos and said that other teams had just put duct tape inside the (earhole), and he asked me, ‘Do you think we can do anything better than duct tape,?” Bush said. “And I said, ‘Oh, absolutely.’” Bush and Rylie DuBois, a sophomore biosystems engineering major and undergraduate research assistant at the lab, set out to produce earhole inserts made from polylactic acid, a bio-based plastic, using a 3D printer. Part of the challenge was accounting for the earhole sizes and shapes that vary depending on helmet style. Once the season got underway with a Friday night home game against Florida Atlantic on Aug. 30, the helmets of starting quarterback Aidan Chiles and linebacker Jordan Turner were outfitted with the inserts, which helped mitigate crowd noise. DuBois attended the game, sitting in the student section. “I felt such a strong sense of accomplishment and pride,” DuBois said. “And I told all my friends around me about how I designed what they were wearing on the field.” All told, Bush and DuBois have produced around 180 sets of the inserts, a number that grew in part due to the variety of helmet designs and colors that are available to be worn by Spartan players any given Saturday. Plus, the engineering folks have been fine-tuning their design throughout the season. Dozens of Bowl Subdivision programs are doing something similar. In many cases, they’re getting 3D-printed earhole covers from XO Armor Technologies, which provides on-site, on-demand 3D printing of athletic wearables. The Auburn, Alabama-based company has donated its version of the earhole covers to the equipment managers of programs ranging from Georgia and Clemson to Boise State and Arizona State in the hope the schools would consider doing business with XO Armor in the future, said Jeff Klosterman, vice president of business development. XO Armor first was approached by the Houston Texans at the end of last season about creating something to assist quarterback C.J. Stroud in better hearing play calls delivered to his helmet during road games. XO Armor worked on a solution and had completed one when it received another inquiry: Ohio State, which had heard Michigan State was moving forward with helmet inserts, wondered if XO Armor had anything in the works. “We kind of just did this as a one-off favor to the Texans and honestly didn’t forecast it becoming our viral moment in college football,” Klosterman said. “We’ve now got about 60 teams across college football and the NFL wearing our sound-deadening earhole covers every weekend.” The rules state that only one player for each team is permitted to be in communication with coaches while on the field. For the Spartans, it’s typically Chiles on offense and Turner on defense. Turner prefers to have an insert in both earholes, but Chiles has asked that the insert be used in only one on his helmet. Chiles “likes to be able to feel like he has some sort of outward exposure,” Kolpacki said. Exposure is something the sophomore signal-caller from Long Beach, California, had in away games against Michigan and Oregon this season. Michigan Stadium welcomed 110,000-plus fans for the Oct. 26 matchup between the in-state rivals. And while just under 60,000 packed Autzen Stadium in Eugene, Oregon, for the Ducks' 31-10 win over Michigan State three weeks earlier, it was plenty loud. “The Big Ten has some pretty impressive venues,” Kolpacki said. “It can be just deafening,” he said. “That's what those fans are there for is to create havoc and make it difficult for coaches to get a play call off.” Something that is a bit easier to handle, thanks to Bush and her team. She called the inserts a “win-win-win" for everyone. “It’s exciting for me to work with athletics and the football team," she said. "I think it’s really exciting for our students as well to take what they’ve learned and develop and design something and see it being used and executed.”
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Who is FBI Director Christopher Wray?Unlike scores of people who scrambled for the blockbuster drugs Ozempic and Wegovy to lose weight in recent years, Danielle Griffin had no trouble getting them. The 38-year-old information technology worker from New Mexico had a prescription. Her pharmacy had the drugs in stock. And her health insurance covered all but $25 to $50 of the monthly cost. For Griffin, the hardest part of using the new drugs wasn’t access. It was finding out that the much-hyped medications didn’t really work for her. “I have been on Wegovy for a year and a half and have only lost 13 pounds,” said Griffin, who watches her diet, drinks plenty of water and exercises regularly. “I’ve done everything right with no success. It’s discouraging.” In clinical trials, most participants taking Wegovy or Mounjaro to treat obesity lost an average of 15% to 22% of their body weight — up to 50 pounds or more in many cases. But roughly 10% to 15% of patients in those trials were “nonresponders” who lost less than 5% of their body weight. Now that millions of people have used the drugs, several obesity experts told The Associated Press that perhaps 20% of patients — as many as 1 in 5 — may not respond well to the medications. It’s a little-known consequence of the obesity drug boom, according to doctors who caution eager patients not to expect one-size-fits-all results. “It’s all about explaining that different people have different responses,” said Dr. Fatima Cody Stanford, an obesity expert at Massachusetts General Hospital The drugs are known as GLP-1 receptor agonists because they mimic a hormone in the body known as glucagon-like peptide 1. Genetics, hormones and variability in how the brain regulates energy can all influence weight — and a person’s response to the drugs, Stanford said. Medical conditions such as sleep apnea can prevent weight loss, as can certain common medications, such as antidepressants, steroids and contraceptives. “This is a disease that stems from the brain,” said Stanford. “The dysfunction may not be the same” from patient to patient. Despite such cautions, patients are often upset when they start getting the weekly injections but the numbers on the scale barely budge. “It can be devastating,” said Dr. Katherine Saunders, an obesity expert at Weill Cornell Medicine and co-founder of the obesity treatment company FlyteHealth. “With such high expectations, there’s so much room for disappointment.” That was the case for Griffin, who has battled obesity since childhood and hoped to shed 70 pounds using Wegovy. The drug helped reduce her appetite and lowered her risk of diabetes, but she saw little change in weight. “It’s an emotional roller coaster,” she said. “You want it to work like it does for everybody else.” The medications are typically prescribed along with eating behavior and lifestyle changes. It’s usually clear within weeks whether someone will respond to the drugs, said Dr. Jody Dushay, an endocrine specialist at Beth Israel Deaconess Medical Center. Weight loss typically begins right away and continues as the dosage increases. For some patients, that just doesn’t happen. For others, side effects such as nausea, vomiting and diarrhea force them to halt the medications, Dushay said. In such situations, patients who were counting on the new drugs to pare pounds may think they’re out of options. “I tell them: It’s not game over,” Dushay said. Trying a different version of the new class of drugs may help. Griffin, who didn’t respond well to Wegovy, has started using Zepbound, which targets an additional hormone pathway in the body. After three months of using the drug, she has lost 7 pounds. “I’m hoping it’s slow and steady,” she said. Other people respond well to older drugs, the experts said. Changing diet, exercise, sleep and stress habits can also have profound effects. Figuring out what works typically requires a doctor trained to treat obesity, Saunders noted. “Obesity is such a complex disease that really needs to be treated very comprehensively,” she said. “If what we’re prescribing doesn’t work, we always have a backup plan.” The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Science and Educational Media Group. The AP is solely responsible for all content.
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