Drone federation

Share to Twitter Share to Linkedin Topline A federal grand jury in New York issued subpoenas for members of the board of directors at Digital World Acquisition Corp. (DWAC), the special purpose acquisition company with plans to take former President Donald Trump’s social media site Truth Social public, months after the Securities and Exchange Commission began investigating the blank check company over its planned merger with Trump’s social media platform. Key Facts Shares of DWAC fell more than 9% in pre-market trading after the company disclosed in an SEC filing that a federal grand jury in the Southern District of New York issued the subpoenas. The news comes after the SEC launched a probe in December over claims the blank check company held conversations with Trump Media and Technology Group (TMTG) before going public last year. The subpoenas seek some of the same documents the SEC asked for in its investigation as well as requests … [Read more...] about Shares Of Trump’s Truth Social SPAC Tumble After Federal Grand Jury Issues Subpoenas

Share to Twitter Share to Linkedin Changes in demand caused by the pandemic were, of course, a big part of the house price boom but two years of falling mortgage rates was the main reason house prices skyrocketed in 2020 and 2021. Rates fell from 4.9% in November 2018 to 2.7% in January 2021, the lowest rate ever on 30-year fixed-rate mortgages. Is there a sector of the economy that is more sensitive to changes in interest rates than buying houses? When you borrow 95% of the price of the largest purchase of your life for 30 years, interest rates have a huge impact on how much you can pay for a house and, therefore, on house prices in general. In January 2021, you could borrow 32% more money to buy a house than you could in November 2018 with the exact same monthly principal and interest mortgage payment. House buyers, both investors and live-in buyers, could borrow a lot more money with the same payment, so naturally, over time, they bid up house prices. … [Read more...] about 3 Possible Solutions To Housing Booms And Busts

- A + A (June 27): Russia defaulted on its external sovereign bonds for the first time in a century, the culmination of ever-tougher Western sanctions that shut down payment routes to overseas creditors. For months, Russia had found paths around the penalties imposed after the Kremlin’s invasion of Ukraine. But at the end of the day on Sunday, the grace period on about US$100 million of trapped interest payments due May 27 expired, a deadline considered an “Event of Default” if missed. The route to this point has been far from normal, as Russia has the resources to pay its bills — and tried to do so — but was blocked by the sanctions. Those restrictions also mean there’s huge uncertainty about what comes next, and about how investors can go about getting their money. “With Russia benefiting from the high price of its energy exports, it clearly has both the means and the desire to pay its foreign debt,” said Giles Coghlan, chief analyst at HYCM Group. It’s a … [Read more...] about Russia slips into historic default as sanctions muddy next steps

- A + A NEW YORK/BENGALURU (June 27): Wall Street's main indexes fell after opening higher on Monday, as a rally last week on easing concerns over inflation lost steam, with high-growth stocks leading declines. "We had a nice rally last week, so I think we're seeing a little bit of profit taking this morning," said Dennis Dick, a proprietary trader at Bright Trading LLC in Las Vegas. "The stocks that were up the most last week are the ones getting hit the hardest here today." The tech-heavy Nasdaq Composite index, which gained 7.5% last week, fell 0.7% to lead declines among the three major indexes. Investors were betting on the retreat in oil prices from the three-month highs hit in June to potentially ease inflationary pressures and likely push the Federal Reserve to moderate its aggressive policy tightening. However, data on Monday showed new orders for US-made capital goods and shipments increased solidly in May, pointing to sustained strength in business … [Read more...] about Wall Street sheds opening gains on losses in high-growth stocks

Datin Seri Rosmah Mansor (Photo by Zahid Izzani/The Edge filepix) - A + A KUALA LUMPUR (June 27): Datin Seri Rosmah Mansor has once again filed an application to challenge the appointment of Datuk Seri Gopal Sri Ram as senior deputy public prosecutor in her RM1.25 billion solar hybrid project corruption trial and to nullify the entire trial proceedings since 2018. Rosmah, 70, filed the judicial review application on June 24 through Messrs Akberdin & Co in the High Court (Appeal and Special Powers), naming the Attorney-General/Public Prosecutor, Government of Malaysia and Sri Ram as respondents. Rosmah, the wife of former Prime Minister Datuk Seri Najib Tun Razak had earlier filed a similar application at the Criminal High Court here. However, her application was dismissed by the High Court and her appeal against the court ruling was also rejected by the Court of Appeal and the Federal Court. In her latest application, Rosmah sought to declare that the … [Read more...] about Rosmah files bid to challenge Sri Ram’s appointment again

- A + A WASHINGTON (June 27): New orders for US-made capital goods and shipments increased solidly in May, pointing to sustained strength in business spending on equipment in the second quarter, but rising interest rates and tighter financial conditions could slow momentum. The nearly broad rise in orders reported by the Commerce Department on Monday occurred despite deteriorating business and consumer sentiment, as well as heightened fears of a recession. The gains partly reflected higher prices. The Federal Reserve is aggressively tightening monetary policy to quell inflation. "There's some inflation behind the increase in orders, but, nevertheless, there are a lot of dollars flowing through the economy right now," said Christopher Rupkey, chief economist at FWDBONDS in New York. "Businesses would not order new equipment if they thought consumers and other companies were looking to pull back their purchases." Orders for non-defense capital goods excluding … [Read more...] about US manufacturing shows resilience despite rising interest rates

- A + A KUALA LUMPUR (June 27): Emilia Hanafi, the former wife of well-known businessman Datuk SM Faisal SM Nasimuddin Kamal, was sent to Kajang Prison to serve a seven-day jail sentence starting Monday (June 27), for failing to comply with a Syariah High Court order on visitation dates for her three children. On Sept 4, 2019, the Syariah High Court sentenced Emilia to seven days in prison for contempt of court after her disobeying an order by unilaterally rescheduling the visitation dates for her children, aged 10 to 16, to be with their father SM Faisal. However, she was released on bail of RM5,000, pending appeal. Emilia, 43, in a white long dress and shawl, arrived at the Syariah Court here at 9.50am accompanied by her lawyer and family members. Syariah lawyer, Nazri Yahya, who represented Emilia, told reporters that his client was calm and mentally ready when she surrendered at the Kuala Lumpur Syariah Court police office on Monday. In fact, he said that his … [Read more...] about SM Faisal’s ex-wife to serve seven days in jail for contempt of court

Prime Minister Datuk Seri Ismail Sabri Yaakob (filepix) - A + A KUALA LUMPUR (June 27): Prime Minister Datuk Seri Ismail Sabri Yaakob today announced an additional allocation of RM100 million for the Informal and Micro Financing Scheme (SPIM) under the National Entrepreneur Group Economic Fund (TEKUN). He also announced an additional allocation of RM30 million for the Bumiputera Enterprise Enhancement Programme (BEEP) under SME Corporation Malaysia. "I was told that SPIM under TEKUN was allocated RM200 million by the government earlier which had exhausted and the allocation of RM20 million for BEEP for 2022 had also been taken up. "SPIM loans are popular for financing by informal and micro traders...in the interest of small entrepreneurs, I have announced another RM100 million allocation for SPIM. “I also announced RM30 million more allocation for BEEP,” he said when speaking at the Entrepreneur Excellence Awards 2022 in the federal capital here on Monday … [Read more...] about Additional allocation of RM100 mil for SPIM TEKUN, RM30 mil for BEEP, says PM

(CNN) Following the US Supreme Court's decision to overturn Roe v. Wade, CNN Opinion asked a group of contributors to weigh in on the cultural, legal and political ramifications of this monumental legal opinion undoing nearly 50 years of federal abortion protection. The views expressed in these commentaries are those of the authors. SE Cupp: What politicians get wrong about the abortion debate I'm deeply worried for our country. Read More No matter where you stand on the issue -- I'm pro-life but do not support a ban on abortions -- this ruling represents a seismic shift in American life as most of us knew it. I'm 43, and Roe is older than I am. There are more people alive today who have never known an America without Roe than there are people who lived without it. Stripping away what many women have only known as a right for nearly 50 years, without putting anything in its place is dangerous. Criminalizing … [Read more...] about Opinion: The aftershocks of America’s abortion earthquake will be felt for decades

It might not feel like you can "waste" water that you give to your plants, but there are more efficient and less efficient ways to water them. Watering plants on hot days can also harm them if you do it wrong. Here's what you need to know. Watering your plants regularly, particularly during the hot summer months, is essential, not just for those on your balcony but for flower beds and vegetable patches as well. If you are one of those people tired of lugging watering cans around, however, you will be delighted to hear that most of us tend to water our plants too often. Knowing how to do it right doesn't only benefit your plants, it also helps to minimize waste of water, a resource that's only going to become more scarce as global warming proceeds. As a general rule, instead of watering your tomatoes, rose bushes and geraniums a little every day, you should water them more heavily occasionally. Plants adapt to the frequency with which they receive water, with weeds, for … [Read more...] about You don’t need to water your plants every day, just thoroughly