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Tuesday, June 29, 2021

Montevallo in talks with potential tenants for Victory building - Shelby County Reporter - Shelby County Reporter

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By EMILY SPARACINO / Staff Writer

MONTEVALLO – Mayor Rusty Nix is set to enter into negotiations with potential restaurant tenants for a city-owned building on Main Street.

The Montevallo City Council on June 28 approved a resolution allowing Nix to negotiate with two potential tenants, City Bowls and Wasabi Juan’s, on a lease agreement to occupy space inside the former Victory Autos & Collision Center building following renovations.

“Anything out of negotiations has to come back to the council,” Nix said. “This is just a vote to let me enter negotiations. It would have to come back again to the City Council for final approval.”

The preliminary drawing of the building’s interior shows two tenant spaces, each measuring roughly 1,300 square feet, along with restrooms and a common area the tenants will share.

“The common area will be kind of like a food court,” City Clerk and Treasurer Steve Gilbert said. “The two tenants will share that area, and any common area will be under what’s called a common area management agreement, which all three tenants will agree to as to who will be responsible for keeping them clean.”

Interstellar Ginger Beer and Exploration Co., an Alabaster-based craft brewery, is the third potential tenant for the building. In October 2020, Interstellar co-owner Dr. Shane Kelly spoke to the City Council to express his interest in expanding the brewery to Montevallo.

The city purchased the building for $375,000 in 2019.

No tenants have signed a formal agreement, but they have provided non-binding letters of intent, Gilbert said.

“The final lease agreement will come to the council,” Gilbert said, adding discussions are ongoing between the city’s and potential tenants’ architects regarding the structural needs of each business. “Once all of that’s been decided and the final terms of the lease have been agreed to, we will bring that back to the council for final approval.”

Building renovations will include minor design changes to the front exterior, such as raising the awnings and uncovering the upper windows to let in more natural light.

“Regardless of what tenant gets there, we need to bring the building up to code,” Nix said. “It’s going to cost us money to do that, but with these three tenants here, I feel very confident that we’ve got a good structure of a payback plan. It’s not a historic building, but it is a contributing building to the historic district.”

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June 30, 2021 at 01:55AM
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Montevallo in talks with potential tenants for Victory building - Shelby County Reporter - Shelby County Reporter

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Search for Miami collapse survivors continues with 150 people still missing - The Guardian

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Family and friends of the 150 people still missing after a Florida condominium collapsed last week faced a sixth wrenching day of waiting on Tuesday, as search and rescue crews continued to sift through the mangled remains of Champlain Towers South.

The search for survivors in the Miami suburb of Surfside went on without much cause for hope. None have been rescued since Thursday and two more bodies were recovered on Monday, putting the death toll at 11.

“We have people waiting and waiting and waiting for news,” the Miami-Dade mayor, Daniella Levine Cava, told reporters.

“We have them coping with the news that they might not have their loved ones come out alive and still hope against hope that they will. They’re learning that some of their loved ones will come out as body parts. This is the kind of information that is just excruciating for everyone.”

Officials and experienced rescuers have urged people to remain hopeful and emphasized it is still a rescue operation. Families of the missing have been invited to the site to observe and Levine Cava said authorities have been in detailed contact with them.

“Some are feeling more hopeful, some less hopeful, because we do not have definitive answers,” she said. “We give them the facts. We take them to the site.”

The White House announced on Tuesday that Joe and Jill Biden would visit Surfside on Thursday.

Late on Monday, officials identified three more victims: Marcus Joseph Guara, 52, Michael David Altman, 50 and Frank Kleiman, 55. Kleiman’s wife, Ana Ortiz, 46, and her son, Luis Bermúdez, 26, also died in the collapse.

The community held a vigil and created memorials on the beach and along fences surrounding the collapsed tower. The fences are decorated with photos, flowers and handmade signs. Rescuers have also been leaving objects such as photos and toys they find in the debris at the memorial.

Elite rescue teams are assisting with the search, including the famed Topos, a volunteer group formed in response to Mexico City’s 1985 earthquake, and members of the Israel Defense Forces.

Such efforts have been complicated by weather conditions, including heavy rain on Monday.

This is a frustration for family members of the missing, the mayor of Surfside, Charles Burkett, said at a press briefing on Tuesday. He and other officials spoke with relatives at a meeting Tuesday morning, he said.

“There was frustration, there was a little anger, there were some questions about why the work has to stop when there is thunderstorms and lightning.”

The mayor said officials were unable to provide a firm answer for families who asked how long people can survive such a situation.

“Nobody is giving up here. No one is stopping,” Burkett said.

The search and rescue process is necessarily slow and deliberate: crews must balance the urgency of rescue with the chance that abrupt moves could collapse voids in the debris that may be shielding survivors.

“Every time there’s an action, there’s a reaction,” Miami-Dade assistant fire chief Raide Jadallah said on Monday. “It’s not an issue of we could just attach a couple of cords to a concrete boulder and lift it and call it a day.”

Rescuers are using heavy machinery to move larger pieces of concrete.

Speculation is mounting over previous inspections reports and warnings issued about the building, but it will likely take months to determine why a portion of the tower fell suddenly around 1.30am last Thursday.

A pool contractor who visited the building 36 hours before the collapse told the Miami-Herald he saw unusual levels of standing water in the garage.

The contractor, who asked not to be named, told the paper the deepest puddle he saw was near an area of the building a 2018 inspection report identified as having a “major error” in its original design.

The 2018 report did not indicate the structure was at risk of collapse, but recommended that “concrete deterioration needs to be repaired in a timely fashion”.

The president of the Champlain Towers South condo association urged residents to back a $15m repair to the building in an April letter shared by the Wall Street Journal.

In the letter, the president of the association, Jean Wodnicki, said issues identified in the 2018 inspection could have gotten worse.

“That estimate indicated that the concrete damage observed would begin to multiply exponentially over the years, and indeed the observable damage such as in the garage has gotten significantly worse since the initial inspection,” Wodnicki wrote.

Federal, state and local agencies have been deployed to the scene and Biden said on Monday he supports an extensive investigation.

White House press secretary Jen Psaki said: “We want to play any constructive role we can play with federal resources in getting to the bottom of it and preventing it from happening in the future.”

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June 29, 2021 at 08:37PM
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Search for Miami collapse survivors continues with 150 people still missing - The Guardian

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Serena Williams out of Wimbledon after slipping on Centre Court, injuring leg - ESPN

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Serena Williams retired from her first-round match at Wimbledon on Tuesday against Aliaksandra Sasnovich with a left leg injury.

Holding a 3-1 lead in the first set, Williams slipped and needed to take an injury timeout at the game's conclusion to receive treatment. She returned to the court, but her movement was visibly limited.

Williams was serving in the fifth game at Centre Court when she lost her footing near the baseline while hitting a forehand. She winced and stepped gingerly between points, clearly troubled.

After dropping that game, she took a medical timeout and tried to continue playing. A crying Williams bit her upper lip and covered her face between points. The crowd tried to offer support and encouragement. But eventually, the 39-year-old American dropped to her knees, and the chair umpire came over to check on her.

The match ended at 3-all in the first set.

Williams, a seven-time Wimbledon singles champion, gave an emotional wave to the crowd and held her hand over her heart as she fought back tears before she exited the court.

"Of course I'm so sad for Serena; she's a great champion," Sasnovich said. "It happens sometimes in tennis, but all the best for her and her recovery."

This marks just the second time in Williams' storied career she has retired from a match at a major. The other occurrence was in the third round at the All England Club in 1998.

Williams entered the tournament in search of her 24th major title, which would have tied her with Margaret Court for the most ever. She last won a Grand Slam at the Australian Open in 2017 and has made four finals since returning after giving birth, including at Wimbledon in 2018 and 2019. She made the semifinals at the Australian Open earlier this year as well as the fourth round at the French Open last month.

Her departure makes a wide-open women's draw even more so. As it was, defending champion Simona Halep and four-time major champ Naomi Osaka withdrew before the tournament started.

"Yeah, it was not easy to watch," said Coco Gauff. "Actually I turned away. I was in the gym actually stretching. I turned away because stuff like that makes me, like, really emotional.

"I mean, I wish (Serena) the best. I wish that hopefully she can have a speedy recovery. Yeah, you could tell she was really emotional. Nobody ever wants to retire, but especially at a Grand Slam, a place as special as Wimbledon after waiting two years to come back. The only thing I can do is wish her well wishes and hope she'll be back in time for the hard court season."

Williams was the second player on Centre Court on Tuesday to slip and suffer an injury. Adrian Mannarino, who was playing against Roger Federer, also was forced to retire as a result of a similar fall. Due to rain, the roof had been closed.

"I do feel it feels a tad more slippery maybe under the roof," Federer said after his match. "I don't know if it's just a gut feeling. You do have to move very, very carefully out there. If you push too hard in the wrong moments, you do go down. ...

"This is obviously terrible that it's back-to-back matches and it hits Serena as well. Oh, my God, I can't believe it."

Top-seeded men's player Novak Djokovic fell twice in the first set of his first-round victory Monday in the main stadium, too.

Information from The Associated Press was used in this report.

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June 30, 2021 at 02:14AM
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Serena Williams out of Wimbledon after slipping on Centre Court, injuring leg - ESPN

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Wisconsin G.O.P. Wrestles With Just How Much to Indulge Trump - The New York Times

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Few Republicans in the country swung harder and faster for Mr. Trump than those in Wisconsin. In the 2016 presidential primary, Scott Walker, the state’s governor at the time — whose own campaign ended after 71 days with a warning against nominating Mr. Trumporganized the party’s entire political and local media apparatus behind Senator Ted Cruz of Texas in what amounted to a last-ditch effort to stop Mr. Trump.

Mr. Cruz won the state, the last one he’d carry before ending his campaign a month later. Most, but not all, Wisconsin Republicans quickly got on board with Mr. Trump. Representative Paul D. Ryan, then the House speaker, dragged his feet on endorsing Mr. Trump. Charlie Sykes, at the time the most influential conservative talk radio host in the state, never did, and quit his job to become a Never-Trump commentator.

Now, as they have in Georgia and Arizona, Mr. Trump’s false claims that he won Wisconsin’s presidential contest threaten to split Republicans. At the party convention on Saturday, Mr. Trump delivered a prerecorded message reiterating the lie that he won the state — though he didn’t mention any of the legislative leaders he had attacked in his statement the night before.

“We had actually great results in Wisconsin,” Mr. Trump said. “As you know, in 2016 we won, and as you also know, in 2020 we won, but that hasn’t been so adjudged yet.”

Shae Sortwell, a conservative state assemblyman who was one of 15 Wisconsin Republican state lawmakers to sign a Jan. 5 letter to Vice President Mike Pence urging him not to certify the presidential election results the next day, argued that it had “been proven” that some Wisconsin election administrators broke state law.

“I hope that they find the truth as to whether there was collusion between Democratic operatives to violate election law,” he said of Mr. Vos’s investigators. “That’s what I want to find.”

Mr. Vos has advanced legislation to make absentee voting harder and forbidden the mass collecting of early votes that the city clerk in Madison, the liberal state capital, engaged in last fall. But he has so far resisted, while not ruling out, calls to subpoena large numbers of 2020 votes and embark on an Arizona-style audit.

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June 30, 2021 at 01:29AM
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Wisconsin G.O.P. Wrestles With Just How Much to Indulge Trump - The New York Times

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Supreme Court to close term with rulings on voting rights, donor disclosure - CNBC

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A view of the U.S. Supreme Court on June 28, 2021 in Washington, DC.

Drew Angerer | Getty Images

The Supreme Court term is coming to an end.

On Thursday morning, the justices are set to hand down the last opinions of their current session. After a flurry of rulings were issued in recent days, only two cases are left to be decided: closely watched disputes over the Voting Rights Act and California's nonprofit donor disclosure rules.

In typical years, the court decides the most high-profile cases when the term ends, in late June or July. This year, the most notable rulings — including in cases over Obamacare and LGBT rights — were handed down a few weeks earlier.

The end of the term marks a close to one of the most transformative Supreme Court terms in memory. That's because it was the first to take place after the death of liberal Justice Ruth Bader Ginsburg and her succession by the conservative Justice Amy Coney Barrett, appointed by former President Donald Trump.

Despite that change in membership, though — or perhaps as a result of it — the court's docket was relatively muted. The court's lack of major decisions featuring its new 6-3 conservative majority came amid calls from some Democrats to expand the bench or otherwise overhaul the judicial body.

Democrats had warned that Barrett's confirmation to the bench would spell doom for both Obamacare and the court's reproductive rights precedents, including Roe v. Wade. In her first term, neither of those outcomes came to pass, though. The court preserved the health-care legislation and did not weigh in on abortion.

Next term, however, is expected to be more explosive, as the court has already agreed to hear an abortion case that seems teed up to roll back Roe's protections, in addition to a major Second Amendment battle over open-carry laws. The court will start hearing arguments again in October, with decisions expected around late June 2022.

One area where Barrett's addition to the bench did seem to sway the law was with regard to Covid-19 regulations on religious groups.

While the court, with Ginsburg, largely approved state-imposed restrictions on religious gatherings that were challenged at the top court, that came to an end once Barrett was sworn in. In November, Barrett formed part of a 5-4 majority striking down rules in New York that limited attendance at religious gatherings. The court's three Democratic appointees and Chief Justice John Roberts, a conservative, dissented in that case.

Court could further limit reach of Voting Rights Act

One of the two outstanding decisions remaining involves a Democratic challenge to two voting laws in Arizona. A ruling in the case could effectively curtail the reach of the Voting Rights Act, which the court already watered down in the 2013 case Shelby County v. Holder.

Read more: Supreme Court justices consider extent of voting-rights protections for minorities

The dispute is over Arizona rules that ban out-of-precinct voting as well as third-party ballot collection, which critics call ballot harvesting. The Democratic National Committee challenged the laws in 2016 on the basis that they disproportionately impacted minority voters, allegedly in violation of Section 2 of the Voting Rights Act, which requires elections to be "equally open" to those of all races.

In the Shelby County case, the top court ended the longstanding requirement that certain localities with histories of racist voter suppression receive federal clearance before implementing new election laws. Voting rights activists and Democrats have said that the Shelby County decision has made Section 2 of the Voting Rights Act even more important, as it is one of the few remaining avenues for ensuring that minorities aren't excluded from the polls.

Republicans, including Arizona Attorney General Mark Brnovich, have said that they are defending sensible election rules that exist in dozens of states. Brnovich has warned that striking down Arizona's laws could undermine public trust in elections.

Brnovich won at the district court level but the DNC managed to overturn that ruling at the 9th U.S. Circuit Court of Appeals.

Justices to say whether California can require nonprofits to disclose their donors

The other case expected to be resolved on Thursday involves a rule in California that requires nonprofit groups to disclose certain donors to the state attorney general's office.

Two conservative groups, the Americans for Prosperity Foundation and the Thomas More Legal Center, challenged the rule on the basis that it violated their First Amendment rights. While the disclosure forms are supposed to be confidential, the groups cited an instance in which 1,800 were leaked online and argued that such mishaps meant their donors could be subject to harassment, boycotting or violence.

On the other hand, California has argued that the disclosure requirement is necessary for regulating nonprofits. Xavier Becerra, now the Biden administration's secretary of health and human services, wrote in a brief submitted while he was California's attorney general that relying on subpoenas or other methods of obtaining donor information "would compromise the State's ability to effectively protect the public."

A district court sided with the nonprofits, but that decision was reversed by the 9th Circuit.

The case also features a controversy over Barrett. In April, three Democratic senators called on the former law school professor to recuse herself from the case, citing Americans for Prosperity's push to confirm Barrett to the Supreme Court. The group claimed to have spent seven figures on its Barrett campaign. Barrett has not said she will recuse herself and is expected to cast a vote.

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June 30, 2021 at 12:27AM
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Supreme Court to close term with rulings on voting rights, donor disclosure - CNBC

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Monty Williams says 'desperation has to be there' for Phoenix Suns to close out LA Clippers in Game 6 - ESPN

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PHOENIX -- The Suns have waited 28 years since their last NBA Finals berth, and now they'll have to wait two more days -- at least.

Phoenix was thoroughly outplayed in Game 5 of the Western Conference finals on Monday, losing to the LA Clippers 116-102 to cut the Suns' series lead to 3-2.

In a game that felt like a complete reversal from Game 4 -- when the Suns went into Staples Center, jumped out to an early lead and never trailed -- Phoenix found itself playing from behind virtually all night. The Clippers jumped out to a 20-5 advantage in the first five minutes, as Marcus Morris Sr. couldn't miss, starting things off 6-for-6 from the field.

"It's just unacceptable the way we started the game," Suns coach Monty Williams said. "It was a big hole for us. It's pretty obvious that we can't play with a show-up mentality. We showed up in the first quarter, and they played with desperation -- simple and plain."

Led by Devin Booker (31 points) and Chris Paul (22 points and eight assists), the Suns surged back on several occasions but never could take control. They cut the deficit to four points in the first quarter and to two points in the second quarter, before briefly taking the lead at 62-61 on a Paul jumper with 8:27 remaining in the third quarter. Phoenix again got as close as four points with 6:58 remaining in the fourth quarter.

"We've got to close quarters better," Paul said. "Like that's been a problem for us all series long. Closing quarters, that last 2½, three minutes of quarters. We took the lead and then maybe cut it to one or two, and then they get a bucket and go on a run."

Indeed, the Clippers finished the third quarter on a 30-16 push after the Suns held their only lead of the game for an all-too-brief 20 seconds. And then in the fourth, after Torrey Craig missed a free throw that could have cut the Suns' deficit to three points with just less than seven minutes left, the Clips reeled off a 10-2 flurry to build the lead back to a dozen points.

"It's on all of us," Booker said. "They came out, they punched us in the face to start the game. And I think we showed it at spots tonight and certain times, but they're not going to go away easily, so we have to be locked in from beginning to end."

Suns reserve Cameron Johnson, who saw his best game of the series go for naught as he chipped in 14 points on 5-for-6 shooting off the bench, was asked how Phoenix was processing the missed opportunity.

"Well, it's the realization that it's not going to be easy," he replied. "That's what the playoffs is about, and it's tough and that's what everybody said it would be and you can't expect a team to just roll over. They brought it today, and they gave us a tough time. So, we just have to bring it next game."

After outscoring the Clippers by 58 points in the paint through the first four games of the series, the Suns were the ones dominated near the basket on Monday. Phoenix was outscored 58-32 in the paint for the night, even though LA was without starting center Ivica Zubac, sidelined with a sprained right MCL.

"That's not something you would have expected, especially with them not having Zubac tonight," Williams said. "So, we will be better in the next game.

"Paramount on my mind right now is we got to play with way more force and competitive edge, and we've got to guard the ball."

The Clippers shot 54.8% as a team, led by Paul George, who scored a playoff career-high 41 points on 15-for-20 shooting.

"He got it going," Paul said. "He was getting to his spots, making shots. ... We got to make it tougher on him."

Some of those defensive woes could be attributed to Booker. The Clippers went 10-of-14 on possessions when Booker was the primary defender, scoring 23 points, according to research by ESPN Stats & Information. The 10 field goals were the most he has let up in a game these playoffs.

"I think we'll be ready to go for Game 6," Booker said, looking ahead to Wednesday's Game 6. "That's a tough loss for us at home, with a chance to clinch to go to the NBA Finals, so we're going to be ready."

Williams said the Suns have to summon the same type of spirit that carried the Clippers in Game 5 when Phoenix gets a second chance to close things out in two days.

"The desperation has to be there. That's the deal," the coach said. "Just because you have a lead in the series doesn't mean you can show up and they're going to give it to you. We have to understand that, and I think we do now. We will be better when we show up the next time we play."

Williams was asked how he can make sure his group can tap into that desperation the next time it takes the court.

"Getting your butt kicked like that should turn it on," he said.

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June 29, 2021 at 02:10PM
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Monty Williams says 'desperation has to be there' for Phoenix Suns to close out LA Clippers in Game 6 - ESPN

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Trump Organization Lawyers Meet With Manhattan Prosecutors - The New York Times

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In recent weeks, the investigation has focused largely on the perks Mr. Trump and the company awarded Mr. Weisselberg and other executives, including tens of thousands of dollars in private school tuition for one of Mr. Weisselberg’s grandchildren, as well as rents on apartments and car leases for him and his wife. If Mr. Weisselberg failed to pay taxes on those benefits, he may have violated the law, providing the prosecutors with leverage over him as they seek his cooperation with their broader investigation into the Trump Organization.

The prosecutors, who for months have pressured Mr. Weisselberg to turn on his longtime employer, have examined whether the Trump Organization misstated those benefits in the company’s ledgers and failed to pay payroll taxes on what should have been taxable income. In general, those types of benefits are taxable, although there are some exceptions, and the rules can be murky.

A lawyer for Mr. Weisselberg, Mary E. Mulligan, has declined to comment on the investigation.

Mr. Weisselberg was not the only senior company executive to receive perks. Until 2018, when the company reined in the benefits, the company provided a number of employees with Mercedes-Benz vehicles, according to people familiar with the practice.

Lawyers for Mr. Trump and his company are already preparing to argue that a judge dismiss any indictment, and plan to say that there is no evidence that any employee’s failure to pay taxes benefited the company, according to a person with knowledge of the matter.

It is unclear whether Mr. Trump will eventually face charges himself. The ongoing investigation into the former president has examined whether the Trump Organization manipulated the value of its properties to obtain favorable loans and tax benefits, people with knowledge of the matter have said.

The meeting on Monday was not the first Mr. Trump’s lawyers have had with Mr. Vance’s office in recent days. On Thursday, the lawyers met with senior prosecutors in hopes of halting any plan to charge the company, according to several people familiar with the meeting. That meeting was arranged by Ronald P. Fischetti, a personal lawyer for Mr. Trump. He is a former law partner of Mark F. Pomerantz, a former federal prosecutor and defense lawyer whom the district attorney’s office enlisted to help lead the inquiry into Mr. Trump and his business.

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June 29, 2021 at 06:08AM
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Trump Organization Lawyers Meet With Manhattan Prosecutors - The New York Times

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Gwen Goldman serves as bat girl for New York Yankees, fulfilling 60-year-old dream - ESPN

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NEW YORK -- Gwen Goldman exchanged fist bumps with the New York Yankees, whom she had been admiring for decades from afar, walked onto the field and waved to the crowd.

She got to be a Yankees' bat girl on Monday night at age 70 -- a full 60 years after she was turned down because of her gender.

Shaking with excitement, she beamed while recounting how it felt to be at Yankee Stadium on this day for the game against the Los Angeles Angels.

"I don't know where to start, of which was the best, what did I enjoy the most?" she said during a news conference in the fourth inning.

"The whole piece, from walking in the front door of the stadium at Gate 2, to coming up to a locker with my name on it that said 'Gwen Goldman' and suiting up, then walking out onto the field," she said. "It took my breath away. It's obviously taking my words away also.

"It was a thrill of a lifetime -- times a million. And I actually got to be out in the dugout too. I threw out a ball. I met the players. Yeah, it goes on and on. They had set up a day for me; that is something that I never would have expected."

Goldman retired in 2017 as a social worker at Stepping Stones Preschool, a public school in Westport, Connecticut.

She used the Hebrew word "dayenu" -- which translates to "it would have been enough" -- to describe the different parts of her experience.

"It just kept coming and coming," she said.

Goldman had been rejected by then-Yankees general manager Roy Hamey, who wrote her in a letter on June 23, 1961: "While we agree with you that girls are certainly as capable as boys, and no doubt would be an attractive addition on the playing field, I am sure you can understand that it is a game dominated by men. [A] young lady such as yourself would feel out of place in a dugout."

Current Yankees general manager Brian Cashman said he had been forwarded an email written by Goldman's daughter, Abby. In a letter dated June 23, 2021, Cashman wrote, "... it is not too late to reward and recognize the ambition you showed in writing that letter to us as a 10-year-old girl."

"Some dreams take longer than they should to be realized, but a goal attained should not dim with the passage of time," Cashman added. "I have a daughter myself, and it is my sincere hope that every little girl will be given the opportunity to follow her aspirations into the future."

Wearing a full Yankees uniform, Goldman threw out a ceremonial first pitch to New York player Tyler Wade, then stood alongside manager Aaron Boone for the national anthem.

"I think it's really cool," Boone said after meeting her. "I think you're going to see her probably take balls out at some point to home plate.

"Hopefully, it's an experience of a lifetime for her and a long one in coming."

New York extended the invitation as part of the Yankees' annual HOPE week, which stands for Helping Others Persevere & Excel.

Goldman posed with the umpires when the lineup cards were brought out. After the third inning, the Yankees played a video that included the letters and a Zoom session in which Cashman, assistant general manager Jean Afterman and pitcher Gerrit Cole were among those informing her of the invitation.

She then was introduced to the crowd, walked up the Yankees dugout steps and onto the field, and waved her cap as fans applauded.

"I didn't hold it against them. I loved the Yankees," Goldman said. "I never in my wildest dreams -- never thought that 60 years later, Brian Cashman would make this become a reality."

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June 29, 2021 at 07:27AM
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Gwen Goldman serves as bat girl for New York Yankees, fulfilling 60-year-old dream - ESPN

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United to buy 270 planes (with modern amenities) — and bring 5000 jobs to Newark - ROI-NJ.com

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United Airlines will unveil its “United Next” plan Tuesday in Newark — an initiative that will lead to the purchase of 270 new Boeing and Airbus aircraft and is expected to transform the passenger experience while significantly lowering carbon emissions.

Even more, the program is expected to bring up to 5,000 union jobs to the state by 2026 — a job expansion program the airline said will add 25,000 jobs around the country.

United officials said the plan will not necessarily bring additional flights to Newark Liberty International Airport due to runway restrictions, but it will bring larger planes. Those planes, United officials say, eventually will all have increased amenities, including:

  • Seat-back entertainment in every seat;
  • Larger overhead bins for every passenger’s carry-on bag;
  • The industry’s fastest available in-flight WiFi;
  • A power outlet at every seat;
  • New LED lighting that will be most noticeable during early morning and late-afternoon flights.

The order for the 270 aircraft is the largest combined order in the airline’s history and the biggest by an individual carrier in the last decade, United officials said. Combined with planes already on order, the airline said it expects to add 500 new planes by 2026 — retiring 300 in the process. The remaining planes in the fleet will be retrofitted to add the amenities.

For those familiar with the planes, United’s new aircraft order will be:

  • 50 737 MAX 8s;
  • 150 737 MAX 10s;
  • 70 A321neos.

The order will significantly boost the number of premium seats on flights out of Newark and across the country. Airline officials said they expect to have, on average, 53 premium seats per North American departure by 2026, an increase of about 75% over 2019.

“Our United Next vision will revolutionize the experience of flying United as we accelerate our business to meet a resurgence in air travel,” United CEO Scott Kirby said.

“By adding and upgrading this many aircraft so quickly with our new signature interiors, we’ll combine friendly, helpful service with the best experience in the sky, all across our premier global network. At the same time, this move underscores the critical role United plays in fueling the broader U.S. economy — we expect the addition of these new aircraft will have a significant economic impact on the communities we serve in terms of job creation, traveler spending and commerce.”

Like all airlines, United was hurt substantially during the global pandemic.

Kirby, in a pre-event call Monday, said the early and proactive steps the airline took with its employees, and as a whole, are enabling United to respond quickly.

And while airline travel has not approached pre-pandemic levels, United officials said that day will happen sooner than many expect. Leisure travel, they said, is increasing rapidly — and that is making travelers more comfortable traveling for business.

United officials did not give specific numbers, but they said business travel — which was off nearly 90% a few weeks ago — is now off by a number “in the 60s,” they said. United officials said they also expect an incredible increase in trans-Atlantic travel next summer — having essentially lost two years of vacation travel.

The moves the airline is taking Tuesday are in anticipation of that rush and more.

United officials said the new planes will be delivered quickly, with 40 coming in 2022 and 138 in 2023 — meaning United’s fleet will, on average, add about one new narrow-body aircraft every three days in 2023 alone.

These planes will be good for the environment, too.

Adding these new 737 MAX and Airbus A321neo aircraft means United will replace older, smaller mainline jets and at least 200 single-class regional jets with larger aircraft, which the airline expects will lead to significant sustainability benefits compared with older planes: an expected 11% overall improvement in fuel efficiency and an expected 17-20% lower carbon emission per seat compared to older planes.

Kirby said the airline is eager for the return to the air — and feels the steps the airline took before and during the pandemic have put it in a position to succeed.

“In April of last year, we were the only airline that had a belief that business travel and international would ultimately return in full,” he said. “That belief was validated (and) strengthened as we went through the crisis. Today, I would go beyond saying confidence. Business travel is going to come back at 100%. And everything we see, every week, makes us even more certain that business travel and international travel are ultimately going to come back at 100%.”

Kirby said United was the only major airline in North America that did not retire aircraft going through the pandemic.

“We kept our fleet intact, we kept our employees intact, we kept our pilots intact, so we’d be able to participate 100% of the recovery when it ultimately happened,” he said.

The Link Lonk


June 29, 2021 at 05:01PM
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United to buy 270 planes (with modern amenities) — and bring 5000 jobs to Newark - ROI-NJ.com

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Monday, June 28, 2021

LG’s C1 and G1 OLEDs get even better at gaming with 120Hz Dolby Vision - The Verge

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With Dolby Vision gaming HDR technology available on Xbox Series X and Series S consoles, some TV owners have noticed that suddenly there’s a new setting to worry over. While some HDMI 2.1-equipped 4K displays could handle 120Hz, and some can support Dolby Vision for gaming, at first there weren’t any that could do both things at once.

Now LG has confirmed it’s the first manufacturer with Dolby Vision HDR at 4K 120Hz support on some of its TVs, just a couple of weeks after owners noticed it arriving in updates. The 03.15.27 firmware enables the feature on C1 and G1 2021 OLED TVs, and today LG says support is on the way for other premium TVs in its 2021 lineup.

Additional premium models in LG’s 2021 TV lineup such as OLED Z1 series, QNED Mini LED QNED99 series and NanoCell NANO99 series TVs will also receive the update in July. Additional 2021 and 2020 TV models are also being tested for Dolby Vision gaming in either 60Hz or 120Hz.

The press release wasn’t specific about support for previous years, but the company has said to Forbes that beta software with 4K/120Hz support is coming to other 4K TVs including last year’s CX and BX models. There’s no word yet on any update for 2019 OLED TVs.

All of this is happening before the first Dolby Vision HDR-enabled games are available, which we believe should help gamers automatically configure their brightness and image settings to match the TV’s capabilities. As the company behind the technology explains, “Dolby Vision games automatically map to your Dolby Vision display as you play, so you’re always seeing the full picture.” Microsoft has said it means you’ll see “brighter highlights, sharper contrast, and more vibrant colors,” although how that applies to other HDR games is harder to tell.

The new firmware also adds Game Dashboard, a floating menu that should help LG owners configure their TVs and see which settings are enabled. It works on any 2021 LG TV with Game Optimizer, and can show the status of the TV’s black stabilizer, low latency and variable refresh rate (VRR), or flip between settings tuned for specific genres. Samsung was first with a game bar feature on its 2021 TVs, but with something this useful we hope more manufacturers pick up the idea.

The Link Lonk


June 29, 2021 at 08:05AM
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LG’s C1 and G1 OLEDs get even better at gaming with 120Hz Dolby Vision - The Verge

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House Passes Bills to Bolster Scientific Research - The New York Times

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WASHINGTON — The House on Monday passed two bipartisan bills aimed at bolstering research and development programs in the United States, setting up a battle with the Senate over how best to invest in scientific innovation to strengthen American competitiveness.

The bills are the House’s answer to the sprawling Endless Frontier Act that the Senate overwhelmingly passed this month, which would sink unprecedented federal investments into a slew of emerging technologies in a bid to compete with China. But lawmakers who drafted the House measures took a different approach, calling for a doubling of funding over the next five years for traditional research initiatives at the National Science Foundation and a 7 percent increase for the Energy Department’s Office of Science.

The contrast reflected concerns among House lawmakers that the Senate bill placed an outsize and overly prescriptive focus on developing nascent technologies and on replicating Beijing’s aggressive moves to gain industrial dominance. Instead, the lawmakers argued, the United States should pour more resources into its own proven research and development abilities.

“If we are to remain the world leader in science and technology, we need to act now,” said Representative Eddie Bernice Johnson, Democrat of Texas and the chairwoman of the Science Committee. “But we shouldn’t act rashly. Instead of trying to copy the efforts of our emerging competitors, we should be doubling down on the proven innovation engines we have at the National Science Foundation and the Department of Energy.”

Lawmakers and their aides must try to reconcile the Senate-passed legislation with the two bills passed on Monday, prompting a major debate on Capitol Hill about industrial policy and how to strengthen American competitiveness, a goal with broad bipartisan support.

The two bills passed 345-67 and 351-68.

“One of the core disagreements or tensions between the House and the Senate version is that the Senate version is really focused on China,” said Robert D. Atkinson, the president of the Information Technology and Innovation Foundation. Ms. Johnson’s bills, he added, prioritize “more social policy issues,” including science, technology, engineering and mathematics education and climate change.

President Biden said in a statement on Monday that he was “heartened” by the passage of the House bills and that his administration “looks forward to continuing to work with the House and the Senate in producing a final bill I can sign.”

The House bills omit a number of provisions that are centerpieces of the Senate legislation, including $52 billion in emergency subsidies for semiconductor makers and a slew of trade provisions. Instead of creating regional technology hubs across the country, as the Senate measure would do, one of the House bills would establish a designated directorate for “science and engineering solutions” in the National Science Foundation.

While singling out several emerging technologies, including artificial intelligence and advanced computing, lawmakers on the House Science Committee have mostly focused on research and funding a holistic approach to scientific innovation.

“History teaches that problem-solving can itself drive the innovation that in turn spawns new industries and achieves competitive advantage,” Ms. Johnson wrote.

William A. Reinsch, the Scholl chair in international business at the Center for Strategic and International Studies, said with sections on public health challenges and the STEM work force, the House had taken “a broader definition of how to get our innovation capabilities up and running.”

The Senate legislation, passed by a vote of 68-32, was steered through the chamber by Senator Chuck Schumer, Democrat of New York and the majority leader, a longtime China hawk who has been eager to enact what would be the most significant government intervention in industrial policy in decades. It was powered in large part by bipartisan concern about China’s chokehold on global supply chains, which has grown particularly acute amid shortages brought on by the coronavirus pandemic. Mr. Biden applauded its passage and said that he hoped to sign it into law “as soon as possible.”

It would allocate hundreds of billions more into scientific research and development pipelines in the United States, create grants, and foster agreements between private companies and research universities to encourage breakthroughs in new technology.

As the legislation moved through the chamber, echoing similar concerns from lawmakers on the House Science Committee, senators shifted much of the $100 billion that had been slated for a research and development hub for emerging technologies at the National Science Foundation to basic research, as well as laboratories run by the Energy Department. The amount for cutting-edge research was reduced to $29 billion, with the rest of the original funds funneled toward research and labs.

Those changes may assuage House lawmakers as they seek to reconcile the two bills in the coming months.

The Link Lonk


June 29, 2021 at 08:11AM
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House Passes Bills to Bolster Scientific Research - The New York Times

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Can Biden Get a Coal-State Democrat on Board With His Climate Agenda? - The New York Times

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A heat wave is engulfing much of the United States this week, and temperatures across the West have soared past 100 degrees Fahrenheit.

It’s another reminder of why President Biden acknowledged the climate crisis as an “existential threat” throughout his campaign, and why it’s remained high on his agenda as president.

But just as the mercury was rising last week, Mr. Biden appeared outside the White House to announce that he had reached a deal with centrist senators on an infrastructure package that would significantly trim what had been his main vehicle for confronting climate change.

The biggest climate-related proposals in the initial bill, the $2 trillion American Jobs Plan, are nowhere to be found in the compromise proposal.

Mr. Biden has said he plans to follow it with another bill, which would focus on care industry workers and other elements of “human infrastructure,” and would be more likely to pass with only Democratic votes. Climate activists are now pinning their hopes to that legislation.

“We in the advocacy community are really focused on the second part of this, which we think is going to be more ambitious and bolder on the climate issues,” Elizabeth Gore, the vice president for political affairs at the Environmental Defense Fund, said in an interview. “We are looking at that as our primary focus for our advocacy.”

But there is no guarantee that the future bill will include the kinds of provisions that advocates say are necessary to containing emissions in the power and transportation sectors. And ultimately, what’s included in that legislation will largely be up to Senator Joe Manchin III of West Virginia, the most conservative Democratic senator — who represents one of the states that are most heavily reliant on the carbon energy industry, and who himself has close ties to it.

It was Mr. Manchin’s insistence on finding bipartisan compromise that scuttled the White House’s hopes of passing the American Jobs Plan through the process of budgetary reconciliation, which would remove the need for Republican votes. Now that Mr. Manchin and a crew of moderate senators have hammered out a compromise on infrastructure, it remains to be seen whether he will support an ambitious, Democrats-only proposal to reel in fossil fuels.

If he did so, it would go against many of the patterns he has established as a legislator.

Mr. Manchin won election to the Senate in 2010, swimming against the tide of West Virginia’s Republican shift, partly thanks to a TV ad in which he shot a bullet into a copy of President Barack Obama’s cap-and-trade proposal.

By then Mr. Manchin had already made millions from his involvement with the coal brokerage firm Enersystems, which he had helped run before entering politics, and which continued to pay him dividends thereafter.

Once in office, he often voted to limit the Environmental Protection Agency’s powers, though — as a reputedly strategic legislator — he rarely cast a deciding vote. As a member of the powerful Senate Energy and Natural Resources Committee, which he now chairs, he has worked to increase energy efficiency in buildings and machinery, while supporting some investment in clean-energy technologies. But he has also emphasized, as he did during a committee hearing this year, that “fossil fuels aren’t going anywhere anytime soon.”

In addition to its longtime reliance on the coal industry, West Virginia now has a congressional delegation that is entirely Republican aside from Mr. Manchin, and the state’s voters are typically steeped in conservative media and talking points. This year, Americans for Prosperity — the political action committee heavily funded by Charles Koch — spent heavily on advertisements urging Mr. Manchin to oppose ending the filibuster. The group also brought protesters to the state capitol in Charleston.

These pressures, as well as his history as an ally of the coal industry and other business interests, help to explain why Mr. Manchin has insisted on bipartisanship. “I think he’s committed to finding solutions in this area, but his path has to reflect his state and constituents and families and communities in West Virginia,” Ms. Gore said.

To that end, in his work on the energy committee, Mr. Manchin has put a heavy emphasis on “emissions reduction through innovation, not elimination,” Collin O’Mara, the president of the National Wildlife Federation, said in an interview.

Mr. O’Mara is in constant communication with Mr. Manchin on energy- and climate-related negotiations, and said that he considered much of Mr. Manchin’s hesitation to be sincerely based in concern for Appalachian workers who had been hit hard by the closing of coal mines across the state.

“It all comes back to West Virginia workers,” Mr. O’Mara said. “Every single question — and where he is on every single policy — can be viewed through that rubric. And he’s dead-serious about not allowing the folks that powered the last century to be left behind.”

Mr. Biden entered the presidency promising historic investments in clean energy and green jobs. He committed on Day 1 to rejoining the Paris climate accord. Soon afterward, he pledged to cut the United States’ carbon emissions in half (from 2005 levels) within the next nine years. And when he unveiled his American Jobs Plan, climate advocates hailed its focus on shifting the energy grid away from fossil fuels.

But the compromise proposal unveiled on Thursday, which the White House labeled the Bipartisan Infrastructure Framework, contained just a shadow of the climate-related proposals that were in the American Jobs Plan.

The bipartisan deal would invest over $100 billion in roads, bridges and other major projects; $66 billion in train lines; roughly $50 billion in public transit; and $55 billion for water infrastructure. It would also aim to guarantee broadband internet access to all Americans. Yet few of its provisions would directly fight carbon emissions through alterations to the tax code or by establishing of national standards.

The deal wouldn’t phase out fossil fuel subsidies or institute a federal clean-electricity standard, as the American Jobs Plan had proposed. New tax credits for clean energy and billions of dollars in research funding were also left out of the compromise.

In a statement, a Manchin spokeswoman called the bipartisan deal “a major investment in clean energy and the high-quality jobs that come with it, as well as a pragmatic step forward on the long-term solutions to climate change.” The spokeswoman, Sam Runyon, pointed to the deal’s provisions investing in clean-energy innovation and supply chains.

But this afternoon, climate activists organized by the Sunrise Movement gathered outside the White House to express their dissatisfaction with the compromise bill, and to present a series of demands.

“Passing the bipartisan infrastructure bill on its own is not enough to combat the climate crisis,” J.P. Mejía, one of the organizers, said in a phone interview, taking a pause from the demonstration. “It actually propels us even closer to the crisis that the Biden administration promised to take us away from.”

Mr. O’Mara, of the National Wildlife Federation, said that the Biden administration wouldn’t be able to “get anywhere close” to cutting emissions in half by 2030 without tax credits for clean energy and national clean-electricity standards — elements he said would be crucial as Democrats worked on a follow-up bill.

When he announced the bipartisan deal, Mr. Biden said he would refuse to sign the legislation if it weren’t accompanied by another bill, probably passed by Democrats alone.

“If this is the only thing that comes to me, I’m not signing it,” Mr. Biden told reporters. “It’s in tandem.” But he stopped far short of outlining exactly what he expected to be in the second proposal — and discussions of climate change were all but absent from his remarks.

Mr. Biden’s comments drew fire from some of the centrist Republican senators who had agreed to the compromise proposal, and who said they felt blindsided by what they considered an inherent veto threat in the absence of more ambitious, Democrats-only legislation. The White House was left to run damage control.

On Saturday, after more than 24 hours of working the phones to hold on to Republican support, Mr. Biden released a statement acknowledging that his comments had “created the impression that I was issuing a veto threat on the very plan I had just agreed to, which was certainly not my intent.” He urged senators not to condition their support for one bill on the fate of another.

“Our bipartisan agreement does not preclude Republicans from attempting to defeat my Families Plan; likewise, they should have no objections to my devoted efforts to pass that Families Plan and other proposals in tandem,” he wrote. “We will let the American people — and the Congress — decide.”

What that is really likely to mean is that Mr. Manchin will again be in a position to make many of the decisions, largely by virtue of his willingness to say no to top Democratic priorities on fossil fuels.

On Politics is also available as a newsletter. Sign up here to get it delivered to your inbox.

Is there anything you think we’re missing? Anything you want to see more of? We’d love to hear from you. Email us at onpolitics@nytimes.com.

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June 29, 2021 at 05:53AM
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Can Biden Get a Coal-State Democrat on Board With His Climate Agenda? - The New York Times

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Pro Football Hall of Fame honors late John Facenda with Pete Rozelle Radio-Television Award - ESPN

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CANTON, Ohio -- John Facenda, a longtime narrator of NFL highlights whose voice became synonymous with the league, is the winner of the Pro Football Hall of Fame's 2021 Pete Rozelle Radio-Television Award.

Facenda, who died in 1984, was a television news anchor in Philadelphia when NFL Films creator Ed Sabol heard his distinct voice describing some highlights in 1965. Sabol invited Facenda to read scripts, leading to a job Facenda held for 19 years until his death at age 71.

"For nearly 20 years, John Facenda's resonant voice was, and even today still is, synonymous with the power, strength and character of the NFL," said Hall of Fame president David Baker, who made the announcement Monday.

The Hall of Fame presents the Rozelle Award annually in recognition of longtime exceptional contributions to radio and television in pro football.

Facenda narrated numerous films and weekly highlight packages, contributing to the growth in interest surrounding pro football. His speaking style earned him the nickname "The Voice of God" and contributed to the expansion of NFL Films.

Ed Sabol, the 1991 Rozelle winner, made the Hall of Fame in 2011. He died in 2015. His son, Steve Sabol, will be part of the celebration for Facenda as a member of the centennial class of 2020. He died of cancer in 2012.

Jack Facenda will accept the Rozelle Award on his dad's behalf Aug. 6 during enshrinement weekend.

Facenda's career started in radio in Philadelphia before he debuted as an anchor in 1952. Facenda was one of the creators of the TV news format still used today, with separate segments for news, sports and weather.

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June 29, 2021 at 03:00AM
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Pro Football Hall of Fame honors late John Facenda with Pete Rozelle Radio-Television Award - ESPN

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Renault inks gigafactory deals with Chinese and French firms - CNBC

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An electric car from Renault being charged in Berlin, Germany, on April 10, 2020.

Annette Riedl | picture alliance | Getty Images

Renault announced Monday it had signed "two major partnerships" related to the design and production of electric vehicle batteries, becoming the latest automotive firm attempting to get ahead of the competition in the increasingly crowded field of e-mobility.

In a statement, the French carmaker said it would partner with China's Envision AESC, which is set to develop a gigafactory in Douai, northern France. Renault said this facility would have a capacity of 9 gigawatt hours by the year 2024 and aim to grow to 24 GWh by the year 2030.

Envision AESC is part of the larger Envision Group, a self-described "greentech" firm headquartered in Shanghai. Renault said Envision AESC would invest as much as 2 billion euros ($2.38 billion) "to produce latest technology, cost-competitive, low-carbon and safe batteries for electric models."

Monday also saw Renault announce it had signed a memorandum of understanding to take a stake of more than 20% in a French firm called Verkor. Other shareholders in the company, which is based in the French city of Grenoble, include Schneider Electric, Capgemini, EIT InnoEnergy and Groupe IDEC.

In its own statement on the deal, Verkor said: "Under the partnership, the construction of Verkor's first Gigafactory will start in 2023. Initial capacity will reach 16 GWh, of which 10 GWh are for Renault Group, with a total annual capacity target of 50 GWh by 2030, of which 20 GWh will go to Renault Group."

The company added it would also push on with plans to construct a research and development facility focused on the design of "innovative battery cells and modules."

Read more about electric vehicles from CNBC Pro

Renault is not unique in focusing on the production of batteries for electric vehicles. Back in March, Germany's Volkswagen announced it was aiming to establish several "gigafactories" in Europe by the end of the decade.

"Together with partners, we want to have a total of six cell factories up and running in Europe by 2030," Thomas Schmall, who is CEO of Volkswagen Group Components, said in a statement at the time. This move, he added, would guarantee "security of supply."

According to VW it's expected that, once fully up and running, the factories will be able to manufacture battery cells with a combined energy value of 240 gigawatt hours each year.

All of the above comes at a time when governments around the world are attempting to ramp up the number of electric vehicles on their roads in order to tackle air pollution and move away from the internal combustion engine.

The U.K., for example, has announced plans to stop selling new diesel and petrol (gasoline) cars and vans from 2030. The European Commission's "Sustainable and Smart Mobility Strategy," meanwhile, wants at least 30 million zero-emission cars on the road by 2030.

Change does seem to be on the cards. At the end of April, a report from the International Energy Agency stated roughly 3 million new electric cars were registered last year, a record amount and a 41% rise compared to 2019.

More recently on Monday, Wood Mackenzie said battery electric vehicles would become "the dominant form of road transport by 2050, accounting for 56% of all vehicle sales that year." By contrast, internal combustion engine vehicles will make up just 18% of sales, it added.

According to a report from the research and consultancy firm, there will be 875 million electric passenger vehicles on the road by the middle of this century, a figure that will be complemented by 5 million fuel cell vehicles and 70 million commercial EVs.

"Net-zero is the new mantra and road transport is one of the low-hanging fruits," Ram Chandrasekaran, who is head of road transport at Wood Mackenzie, said.

"A growing list of countries and automakers are committing to carbon neutral targets and this has completely transformed the global road transport landscape," Chandrasekaran added.

The Link Lonk


June 28, 2021 at 09:14PM
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Renault inks gigafactory deals with Chinese and French firms - CNBC

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Beachbody’s SPAC Merger With Peloton Rival Mints A New Billionaire - Forbes

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The SPAC craze has minted yet another billionaire in the latest example of blank-check companies leading to new members of the three-comma club. Santa Monica-based Beachbody—the exercise-DVD and weight-loss-shake-hawking multilevel marketing business that’s morphed into an online fitness brand—went public on the New York Stock Exchange on Monday in a merger with exercise bike maker Myx Fitness and Forest Road Acquisition Corp., a blank check company with ties to former NBA star Shaquille O’Neal and former TikTok CEO Kevin Mayer. Beachbody CEO and chairman Carl Daikeler, who founded the company in 1998, is now a billionaire thanks to his 43% stake, worth $1.7 billion as of 9:45 am ET on Monday.

The goal of the merger is to build the new company into a direct competitor to leading fitness brands such as Peloton and Lululemon—which purchased fitness device maker Mirror for $500 million in June 2020—by combining Beachbody’s fast-growing digital subscription business and library of live and on-demand workout classes with Myx’s touchscreen-equipped exercise bike, a cheaper alternative to Peloton. Myx’s exercise bike is listed at $1,299 on its website, compared to $1,895 for the lowest-priced Peloton bike package.

Myx Fitness is a relative newcomer and a small fry in the world of exercise bikes. It had just under $30,000 in revenues from selling its bikes in 2020. Beachbody, meanwhile, posted a net loss of $21 million on sales of $864 million in 2020, down from a $32 million net profit on $756 million in revenues in 2019.

“This marks an important milestone in Beachbody’s mission to help more people achieve their goals and lead healthy, fulfilling lives,” Daikeler, 57, said in a statement announcing the merger on Monday. “With this transaction, we will deploy capital to grow our platform, add connected fitness hardware through the acquisition of Myx and continue to create the most exciting and innovative in-home fitness content.”

A spokesperson for Beachbody did not respond to a request for comment on Daikeler’s net worth.

As Forbes detailed in a 2018 article, Daikeler grew up outside Philadelphia and graduated from Ithaca College with a bachelor's in corporate organizational media in 1986. He then worked as a producer for halftime shows at televised football games. In 1987, he quit to start making fitness infomercials, a business that later evolved into filmed fitness workouts in the 1990s. He cofounded workout video firm TelAmerica Media in 1994, selling 2 million copies of its hit video “Buns of Steel,” before selling his stake and moving back to the infomercial world. After two years at a phone dating service and a referral service for Lasik eye surgery, he launched Beachbody in 1998 with his coworker Jon Congdon and $500,000 from angel investors.

“What I learned was that solving my own problem—that I don't like to work out and I eat like a second-grader—was a scalable opportunity," he told Forbes in 2018, when his stake in the company was valued at an estimated $660 million.

Beachbody’s first runaway success was P90X, a three-month boot camp that's since been extolled by the likes of Michelle Obama and former U.S. Speaker of the House Paul Ryan. Daikeler and Congdon built the company into a multilevel marketing giant with more than 400,000 “coaches” selling workout videos, weight-loss shakes and other supplements on social media. In 2015, Daikeler took a risky bet by launching Beachbody on Demand, a Netflix-like service offering the company's entire library of workout videos (worth $7,000 if you purchased them all) for $99 a year. While painful in the short-term—the number of coaches shrank from 450,000 in 2016 to 340,000 in 2018—that strategy paid off in 2020, when the pandemic shut gyms across the country and people turned to live-streamed workouts and home fitness.

In early 2019, Congdon started Openfit, another live fitness class service priced at $19 a month and owned by Beachbody, which also took off in 2020 and helped grow the company’s paid digital subscriptions by 53% to 2.6 million, compared to Peloton’s 3 million. (Congdon’s roughly 6% stake in Beachbody is worth about $220 million as of 9:45 am ET). Live fitness also presents an opportunity for Beachbody to diversify beyond health foods, supplements and its Shakeology drinks, which brought in two thirds of overall revenue in 2019. The shake business, though, drew legal scrutiny a few years ago: In 2017, following an investigation by the city attorney of Santa Monica, the company reached an agreement to pay a $3.6 million settlement and agreed to stop making certain health claims about its shakes. Still, the company is investing further in the nutrition market with a celebrity-backed health food play: In December 2020, it acquired LeBron James and Arnold Schwarzenegger's sports nutrition company Ladder for $28 million.

While Beachbody’s $864 million in sales last year were an improvement on the $756 million in 2019, they represent a steep drop from the $1 billion that Beachbody told Forbes it had in 2017 revenues. Its merger with Myx Fitness allows Daikeler to hedge his bets by repositioning Beachbody as an integrated home fitness company competing with the likes of Peloton and iFIT, the parent company of NordicTrack and ProForm.

"In the same way that streaming opened up the media world, home fitness is opening up the exercise ecosystem,” says Simeon Siegel, a senior analyst at BMO Capital Markets. “There's a long runway ahead for companies that are able to offer a compelling product and compelling content.”

The Link Lonk


June 28, 2021 at 08:48PM
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Beachbody’s SPAC Merger With Peloton Rival Mints A New Billionaire - Forbes

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