Dillon's holiday celebrations will kick off Friday, Dec. 6, with the annual Parade of Lights, Christmas Stroll and Festival of Trees family night. The Festival of Trees is a two-day fundraising holiday event where the proceeds directly benefit Dillon-area groups; the Christmas Stroll and Parade of Lights kick off the holiday season and support downtown Dillon businesses. The Festival of Trees has raised over $400,000 in the past two decades for nonprofit organizations in the area. This year's Festival of Trees proceeds will benefit Beaverhead Meals on Wheels and the Elks Lodge, President Mary Rouse said. The decision was especially hard this year for the committee, she said, adding she hopes those that were not chosen will reapply next year. Rouse noted Meals on Wheels stood out from the pack based on the growth of the program and how its volunteers ensure seniors are fed and safe. Meals on Wheels is maxed out at serving 55 meals a day to residents in Dillon and Beaverhead County, she said, and a wait list is expected in the future, considering the need. "(Meals on Wheels) might be the only time senior citizens are seeing another person," she said. "And if the driver doesn't get an answer at the door, they do a welfare check on the client. They are not only serving meals, but making sure people are safe." The meals are prepared at the University of Montana Western, and the organization needs financial assistance to ensure the continuation of the program. The Elks Lodge was chosen due to its community impact, Rouse said. The organization opens its doors for community events at a sliding-scale cost, and has been an essential partner for a number of groups in town. "The Elks are really important to Dillon, because of all the benefits they offer," she said. The Elks need to rehabilitate their 100-year-old building to allow for those group gatherings to continue, she said. The Festival of Trees family night begins at 5 p.m. Dec. 6 at the Elks Lodge. The Shine Studio dancers will perform at 5:30 p.m. There will be a silent auction that night for a number of smaller decorated trees, and childrens' raffle games. The larger decorated trees will be on display and up for auction at the gala, which begins at 5 p.m. Saturday, Dec. 7 at the University of Montana Western Lewis & Clark room. There will be both silent and live auctions available. Tickets are on sale at The Bookstore in downtown Dillon. Monetary donations for the Festival of Trees can be sent to P.O. Box 941, Dillon, MT 59725. "The Festival of Trees group greatly appreciates the continued support of Dillon and the surrounding area," Rouse added. The annual Parade of Lights kicks off the Christmas Stroll at 6 p.m. Dec. 6 in front of the Beaverhead County Courthouse on Bannack Street. This year's theme is "American Country Christmas." The parade will follow the usual route, from Bannack to Idaho, Idaho to Center, Center to Montana, Montana to Idaho, and Idaho back down Bannack Street. The judges stand will be at the corner of Bannack and Idaho streets this year. There will be a bouncy house, cocoa and prizes in front of the WayPoint Church at the corner of Center and Montana streets. There will be an ice sculpture exhibition, hot soup and cookie decorating at the corner of Idaho and Sebree streets in front of the First Baptist Church and Bank of Commerce. Parade entry forms are due Dec. 4 at the Beaverhead Chamber of Commerce, 730 N. Montana St. #2. For more information, call the chamber at 406-683-5511 or email info@beaverheadchamber.org . Get any of our free daily email newsletters — news headlines, opinion, e-edition, obituaries and more.
Senior students in Surrey high schools will get a chance to take online classes next school year, in the board's latest strategy to free up classroom space. "Hybrid learning is a blend of face-to-face and online learning for students and in our context, for kids in the senior Grades 10, 11 and 12," explained Perry Smith, assistant superintendent for Guildford-area schools. Exploring hybrid learning is motivated by a "capital crunch" trustee Bob Holmes says the district is facing, as student enrolment outpaces available school space. While the permanent implementation of hybrid classes would be new, students got a taste for the model during the pandemic years when schools were running classes virtually. As well, teachers became accustomed to the model and likely have learned lessons to improve on this time around, district staff suggested. "We identified many benefits of hybrid learning in our secondary schools," Smith said, pointing to research on the topic to support the claim. The superintendent explained that students will have a choice of going home for their online blocks, staying at school in shared spaces or being out in the community, for example, at a library. For those students who do not have access to internet services or personal electronic devices, technology will be provided so the opportunity is more inclusive, Smith said. He added that the district would receive a grant to make this possible. "While there is a side benefit for students to get ready for the 21st century, as previous speakers have mentioned, the reality is that this was driven because we have such a shortage of space," chair Gary Tymoschuk said. The issue of overcrowding in Surrey Schools can be seen at nearly every school, with trustee Laurie Larsen noting Walnut Road Elementary, that is set to receive a prefabricated module. "They have had one playground for 800 students because the other playground has been cordoned off, they have no greenspace, they have no adequate parking for parents, visitors or for staff. Staff are double parking so they all have to know which teacher is in front of them so they can let them know when they have to leave," Larsen said. The trustee added that prefabs do not provide everything. "We appreciate the modulars, I don’t want to say that we don’t but the modulars do only give the classroom," Larsen said. "They don’t give the gym space, they don’t give any extra outdoor space, they don’t give any library space and especially for the gym so in that school, they have to have three assemblies for every event.. because the gym is too small and the occupancy is just over 300 people." Walnut Road also has nine portables on school site and with the addition of the modulars, whether those portables will remain on site is still unknown. According to the board, affording to relocate the portables may be a challenge. Staff recommended for the board to approve the implementation of up to three senior level courses in a hybrid learning model at secondary schools as a trial for next school year, available on an optional basis. The board unanimously passed the motion.HD Hyundai says robots will be building ships in 2030
WASHINGTON (AP) — For years, Pat Verhaeghe didn’t think highly of Donald Trump as a leader. Then Verhaeghe began seeing more of Trump’s campaign speeches online and his appearances at sporting events. There was even the former president’s pairing with Bryson DeChambeau as part of the pro golfer’s YouTube channel series to shoot an under-50 round of golf while engaging in chitchat with his partner. “I regret saying this, but a while ago I thought he was an idiot and that he wouldn’t be a good president,” said the 18-year-old first-time voter. “I think he’s a great guy now.” Verhaeghe isn't alone among his friends in suburban Detroit or young men across America. Although much of the electorate shifted right to varying degrees in 2024, young men were one of the groups that swung sharply toward Trump. More than half of men under 30 supported Trump, according to AP VoteCast , a survey of more than 120,000 voters, while Democrat Joe Biden had won a similar share of this group four years earlier. White men under 30 were solidly in Trump’s camp this year — about 6 in 10 voted for Trump — while young Latino men were split between the two candidates. Most Black men under 30 supported Democrat Kamala Harris, but about one-third were behind Trump. Young Latino men’s views of the Democratic Party were much more negative than in 2020, while young Black men’s views of the party didn’t really move. About 6 in 10 Latino men under 30 had a somewhat or very favorable view of the Democrats in 2020, which fell to about 4 in 10 this year. On the other hand, about two-thirds of young Black men had a favorable view of the Democrats this year, which was almost identical to how they saw the party four years ago. “Young Hispanic men, and really young men in general, they want to feel valued," said Rafael Struve, deputy communications director for Bienvenido, a conservative group that focused on reaching young Hispanic voters for Republicans this year. “They're looking for someone who fights for them, who sees their potential and not just their struggles.” Struve cited the attempted assassination of Trump during a July rally in Pennsylvania as one of the catalyzing moments for Trump’s image among many young men. Trump, Struve said, was also able to reach young men more effectively by focusing on nontraditional platforms like podcasts and digital media outlets. “Getting to hear from Trump directly, I think, really made all the difference," Struve said of the former president's appearances on digital media platforms and media catering to Latino communities, like town halls and business roundtables Trump attended in Las Vegas and Miami. Not only did Trump spend three hours on Joe Rogan's chart-topping podcast, but he took up DeChambeau's “Break 50” challenge for the golfer's more than 1.6 million YouTube subscribers. Trump already had an edge among young white men four years ago, although he widened the gap this year. About half of white men under 30 supported Trump in 2020, and slightly less than half supported Biden. Trump's gains among young Latino and Black men were bigger. His support among both groups increased by about 20 percentage points, according to AP VoteCast — and their feelings toward Trump got warmer, too. It wasn’t just Trump. The share of young men who identified as Republicans in 2024 rose as well, mostly aligning with support for Trump across all three groups. “What is most alarming to me is that the election is clear that America has shifted right by a lot,” said William He, founder of Dream For America, a liberal group that works to turn out young voters and supported Harris’ presidential bid. With his bombastic demeanor and a policy agenda centered on a more macho understanding of culture , Trump framed much of his campaign as a pitch to men who felt scorned by the country’s economy, culture and political system. Young women also slightly swung toward the former president, though not to the degree of their male counterparts. It's unclear how many men simply did not vote this year. But there's no doubt the last four years brought changes in youth culture and how political campaigns set out to reach younger voters. Democrat Kamala Harris' campaign rolled out policy agendas tailored to Black and Latino men, and the campaign enlisted a range of leaders in Black and Hispanic communities to make the case for the vice president. Her campaign began with a flurry of enthusiasm from many young voters, epitomized in memes and the campaign's embrace of pop culture trends like the pop star Charli XCX's “brat” aesthetic . Democrats hoped to channel that energy into their youth voter mobilization efforts. “I think most young voters just didn’t hear the message,” said Santiago Mayer, executive director of Voters of Tomorrow, a liberal group that engages younger voters. Mayer said the Harris campaign’s pitch to the country was “largely convoluted” and centered on economic messaging that he said wasn’t easily conveyed to younger voters who were not already coming to political media. “And I think that the policies themselves were also very narrow and targeted when what we really needed was a simple, bold economic vision,” said Mayer. Trump also embraced pop culture by appearing at UFC fights, football games and appearing alongside comedians, music stars and social media influencers. His strategists believed that the former president’s ability to grab attention and make his remarks go viral did more for the campaign than paid advertisements or traditional media appearances. Trump's campaign also heavily cultivated networks of online conservative platforms and personalities supportive of him while also engaging a broader universe of podcasts, streaming sites, digital media channels and meme pages open to hearing him. “The right has been wildly successful in infiltrating youth political culture online and on campus in the last couple of years, thus radicalizing young people towards extremism,” said He, who cited conservative activist groups like Turning Point USA as having an outsize impact in online discourse. “And Democrats have been running campaigns in a very old fashioned way. The battleground these days is cultural and increasingly on the internet.” Republicans may lose their broad support if they don't deliver on improving Americans' lives, Struve cautioned. Young men, especially, may drift from the party in a post-Trump era if the party loses the president-elect's authenticity and bravado. Bienvenido, for one group, will double down in the coming years to solidify and accelerate the voting pattern shifts seen this year, Struve said. “We don’t want this to be a one and done thing,” he said. Associated Press writer Joey Cappelletti in Lansing, Michigan, and AP polling editor Amelia Thomson-DeVeaux contributed to this report.Chimerix Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)OneMedNet Announces Receipt of Nasdaq Notice Regarding Delayed Form 10-QOreshnik Stumps Ukraine Army; First Footage Of Never-Seen-Before Russian ICBM | Watch Recommended Playlist Putin 'Recruits' Houthis To Fight Ukraine Before World War 3 Begins | Iran's Proxy 'Helps' Russia Putin Declares War Against LGBTQ+ | Russia Outlaws 'Childfree Propaganda' | Watch IDF In Crisis: 6 Israeli Soldiers 'Commit Suicide | Troops Mental Health Takes A Toll In Gaza France Declares 'War' Against Russia In A Shock Move, Putin To Press Nuclear Button? | Ukraine Central Israel Under Attack: Missiles Pummel Tel Aviv Suburbs; Hezbollah Bombs North | Watch Iran's 3rd Strike On Israel: Khamenei's Shocking Diktat Amid Killing Of Israeli Rabbi In UAE Deadly Attack Near Israel Embassy In Jordan; Israeli Diplomats In Panic | Gunman Dead, 3 Cops Hurt Putin Aide Reveals Russia's World War 3 Targets In West | 'Our Nuclear Doctrine A Signal' Iran Ally 'Accurately Hits' IDF's Ashdod Naval Base; 150+ Rockets Fired At Tel Aviv, Haifa Putin's Oreshnik Sends Chills Through NATO | Why U.S. Allies Can't Intercept New Russian Missile Top Viral Videos Shocking! Lawyer rams Mercedes car into Kachori shop in Delhi, Six injured In a shocking incident, six people were injured after a lawyer rammed his speeding Mercedes car into a Kachori shop in the national capital. The incident took place at Fateh Kachori in Civil Lines area. The police have taken the lawyer into custody and seized his car. The lawyer has been identified as Parag Maini who is a resident of Noida’s Sector 79. The police have registered a case against the lawyer under Section 279 (rash driving) and 337 (causing hurt by endangering life). Telangana cop punched, dragged by villagers, video goes viral On Cam: Crane drags car with senior citizens sitting inside, case registered | video goes viral Instagram influencer shot dead by husband in Rajasthan's Phalodi CCTV: Thieves arrive in car, decamp with jewellery in MP's Damoh Goons hurl abuses at toll plaza employee in MP's Chhatarpur Two goons hurled abuses at a toll plaza employee in Madhya Pradesh’s Chhatarpur. One of the assailants is reportedly the brother of an MLA. The incident was filmed by an employee of ol plaza which has gone viral on social media. The goons were upset after they had to wait in the queue. Viral: Cobra blocks road in MP's Chhatarpur district Nigeria: Lion kills zookeeper at Obafemi Awolowo University CCTV: Biker crushed to death by speeding bus in Madhya Pradesh's Ujjain district Four women steal tray full of earrings from a jewellery shop in MP's Raisen Shirtless British man punches air steward after destroying aircraft toilet, arrested A shirtless British man punched an air steward after destroying the aircraft toilet. The man was arrested. The man went berserk soon after the flight took off . He went up to smash the plane’s toilet. The incident took place on February 7 when the flight took off from Bangkok to London. A video of the incident went viral on social media. On cam: Several injured after swarm of bees attacks guests during wedding ceremony in MP's Guna On cam: Man hurls abuses at government school teacher in MP's Chhatarpur district On cam: Man thrashes youth with stick in MP's Ujjain Doctor loses cool, misbehaves with home guard in MP's Chhatarpur On cam: Goons thrash Dalit youth in MP's Betul A Dalit youth was thrashed in Madhya Pradesh’s Betul. The man was brutally thrashed and forced to squat while holding his ears. A video of the incident has gone viral on social media. Congress leader Jitu Patwari highlighted the plight of the Dalit man. The police have launched a probe into the matter. On cam: Govt employee consumes alcohol at work place in MP's Singrauli On cam: Goons thrash liquor shop employee in MP's Gwalior CCTV: Man thrashed, abducted in Madhya Pradesh's Betul district Fight breaks out between CHC employee and patient in UP's Barabanki Short Videos BJP Orchestrated Attack On Kejriwal During ‘Padyatra’ Campaign: Delhi CM Atishi Your Autistic Child Can Also Make A Difference Your Autistic Child Can Also Make A Difference Kejriwal Questions RSS Over BJP’s 'Dirty' Tactics Against Opposition | Watch Atishi's 1st Statement After Being Picked As Delhi CM; 'Kejriwal Made Biggest Sacrifice' Kejriwal To Give Up CM Residence; AAP's Sanjay Singh Issues Big Warning... Haryana Polls: Vinesh Phogat & Bajrang Punia Join Congress; Sakshi Malik next? Putin's Big Pledge For Russian Speakers In Ukraine; 'Will Fight For...' 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By Elizabeth Ayoola, NerdWallet The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. Kids are often pretty good at being consumers. If you’re a parent with a small business, you have the opportunity to show your kids firsthand what it means to be a producer. Small Business Saturday, which takes place on Nov. 30 this year, may be a great time to do just that. Small Business Saturday was established by American Express in 2010 and encourages consumers to patronize their local stores as a way to keep dollars circulating within their community. Here are three reasons you should consider getting your kids involved in Small Business Saturday, according to two mompreneurs. Ronne Brown is the owner of HERLISTIC, a plant-derived beauty and feminine care brand in Washington, D.C. She’s been participating in Small Business Saturday since she established her business in 2020. The entrepreneur gets her kids (ages 24, 18 and 12), plus her bonus daughter, 10, to help out on Small Business Saturday and beyond. Brown’s kids help with customer service, shipping and fulfillment tasks. That could include counting inventory, quality control or packaging boxes. Other times, help looks like Brown’s 12-year-old daughter keeping her up-to-date with TikTok trends and influencers in the beauty field. “I just want them to understand the price and the value of a dollar and what it actually costs to make it,” Brown says. The mompreneur also hopes her kids learn the benefits of commitment and hard work. “What I want to show them is that you have to work hard every day. And there are gonna be moments where you’re gonna be tired, you’re gonna be exhausted, and you’re not gonna want to do things, and you’re going to have to push through,” she says. Hiring your kids to do legitimate work during Small Business Saturday provides a chance for them to learn pillars needed for a strong financial foundation: earning money , saving money and investing. That said, before hiring kids, it’s critical to understand the child labor laws for your state in addition to the IRS’ rules around hiring kids. Brown says she pays all of her children, including her 24-year-old son who is on payroll. Additionally, she teaches them about investing in the stock market. “I want them to understand the importance of making money, but also investing the money that they’re making,” she says. “Because when I pay them, I always ask them, ‘so what are you gonna do to double this money?’” If you hire your minor kids, they could get a headstart on investing by putting some of their income into a custodial Roth IRA , which requires earned income to open. You could also open them a custodial brokerage account. Another perk of your kids earning income by working for you is that they may be exempt from paying federal income taxes if they earn less than the standard deduction . In 2024, that threshold is $14,600. Having your kids add helping hands, whether it be doing administrative tasks or helping customers, can ensure you keep up with a potential increase in sales. A 2024 NerdWallet holiday spending report found that 16% of 2024 holiday shoppers plan to shop on Small Business Saturday this year. Lisset Tresvant, owner of Glow Esthetics Spa in Hollywood, Florida, has been participating in Small Business Saturday since the genesis of her business in 2019. “I do tend to sell more because people are usually more inclined to purchase because of the sales, and it gives them a reason to support us,” she says. To help with the demand, Tresvant’s daughter, 12, and son, 9, fill her skincare products, add labels and help prep items for shipping. Tresvant says she decided to let her kids get involved in her business so they have a better understanding of what she does. Looking beyond Small Business Saturday, hiring your child can also help with succession planning , which is about planning for your departure from your business. Tresvant hopes to pass hers down to her kids one day. “They understand that I’m building this legacy just for not myself, but for them as well,” says Tresvant. More From NerdWallet Elizabeth Ayoola writes for NerdWallet. Email: eayoola@nerdwallet.com. The article 3 Reasons to Involve Your Kids in Small Business Saturday originally appeared on NerdWallet .ANNAPOLIS, Md. (AP) — Kaylene Smikle scored 16 points and made a couple key baskets down the stretch to help No. 10 Maryland hold off George Mason 66-56 in a matchup of unbeatens Saturday at the Navy Classic. The Terrapins (7-0) led by just two when Smikle stole the ball and made a layup while being fouled. The free throw pushed the lead to 58-53. Then a putback by Smikle put Maryland up by seven. The Terps won despite shooting 13 of 26 on free throws. George Mason (6-1) trailed by 10 at halftime before outscoring Maryland 18-7 in the third quarter. The Patriots' final lead was 49-48 in the fourth after a jumper by Kennedy Harris. Harris led George Mason with 26 points. Maryland is off to its best start since winning its first 12 games in 2018-19. George Mason: The Patriots have lost all nine meetings with Maryland, but it's been more competitive of late. The Terps won 86-77 last year, and this game was more competitive than the final score suggested. Maryland: After a down season by their standards, the Terps are off to a nice start, but the free-throw problems in this game nearly cost them. With the score 55-53, George Mason had a chance to tie, but the Patriots never really recovered after Smikle swiped the ball from Harris and went the other way for a three-point play with 3:08 remaining. Although Maryland was awful at the line, at least the Terps got there. George Mason was only 3 of 8 from the stripe, and the Terps held the Patriots to 32% shooting from the field. George Mason faces Navy in this event Sunday. Maryland takes on Toledo. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here. AP women’s college basketball: https://apnews.com/hub/ap-top-25-womens-college-basketball-poll and https://apnews.com/hub/womens-college-basketball
No. 7 Tennessee extends its season-opening winning streak to 7 games in 78-35 win over UT Martin
REDMOND, Wash., Dec. 06, 2024 (GLOBE NEWSWIRE) -- Pattern Computer®, Inc. (“Pattern” or “the Company”) today announced that it has entered into a multi-target partnership with Phenome Health, a Seattle-based nonprofit research organization led by CEO Lee Hood, MD, PhD. Delivering value through health innovation. Phenome Health employs a data-driven approach to wellness and disease that integrates diverse types of health data. “Pattern is a pioneer in finding novel patterns in complex data that cannot be discovered using other techniques or tools. The speed of AI innovation is accelerating and is rapidly emerging as a strategic imperative. Pattern is optimally positioned to leverage the expertise of our Pattern Discovery EngineTM (PDE) into the next worlds of trustworthy, transparent computing. Since its founding, Pattern has been on a strategic path with a roadmap largely focused on building our PDE and using it to generate world-class, high-value assets. These include and are not limited to seven combination cancer drugs, and new diagnostic advances, against the world’s top five cancers. We seek to partner with firms to bring these therapeutic and diagnostic technologies – such as our ProSpectral TM device, a game-changing medical diagnostic tool and research instrument – into clinical trials,” said Mark Anderson, Chair and CEO. The Partnership will integrate Pattern’s technologies with multi-omics time-course data on individuals with the goal of discovering new drivers of human health and longevity – seeding novel strategies to make these discoveries actionable as part of the standard of care. “By measuring how lifestyle choices impact our short, medium, and long-term health, we will identify genes, pathways, and microbes that can be targeted at a molecular level to improve health, rather than merely treat disease. Our goal in this project is to be instrumental in Phenome Health’s mission to develop the tools and insights that power data-driven personalized health,” Anderson added. Further, the ProSpectral platform will be used to develop surrogate measurements for expensive multi-omics. ProSpectral makes rapid measurements on two drops of saliva that capture rich biochemical information about the individual and their oral microbiome. An early goal will be to determine the extent to which patterns of gene expression, metabolism, and changes in the microbiome can be reconstructed from ProSpectral’s non-invasive, reagent-free assay. Anderson noted, “Success in the integration of ProSpectral with existing multi-omic technologies would reduce the cost of collecting longitudinal molecular data by orders of magnitude – opening precision medicine to regions and economies that are currently priced out of state-of-the-art care. The lightweight, portable nature of our platform ensures that data can be collected anywhere, anytime, without supply chain or economic constraints The rapidity of measurements – seconds instead of hours or days – stands to enable real-time decision support for medical professionals in a way that has never been possible before.” “We are enthusiastic about a partnership with Pattern and the possibilities of identifying non-invasive, rapid, and cost-effective approaches to data-driven personalized health,” added Lee Hood, CEO of Phenome Health. “We envision a world where everyone is empowered by their own data to improve wellness and prevent disease. We see technologies like those developed by Pattern as facilitating this reality.” About Phenome Health Phenome Health was established by internationally acclaimed scientist and entrepreneurial visionary, Lee Hood, to contribute solutions to major challenges causing a crisis in healthcare. The aging population and other factors are driving an explosion of chronic disease that largely contribute to increasing costs at an unsustainable rate in a healthcare system not equipped to solve these problems without a radical paradigm change - namely shifting from a reactive system that focuses on treating disease to a proactive system focused on optimizing health. Economic analysis predicts such a paradigm change would drive trillions of dollars in resources upstream, creating massive opportunity in the health and wellness marketplace. We strive to accelerate this shift through a systematic approach to define health, develop a disease-agnostic discovery framework to understand how and why people transition to disease, and identify new approaches to prevent and reverse disease development. Our ambitious strategy leverages advancements in biotechnologies and computer science to capture and interpret high dimensional health data in order to invent the solutions needed to solve the healthcare crisis. https://phenomehealth.org/ About Pattern Pattern Computer, Inc. uses its Pattern Discovery EngineTM to solve the most important and intractable problems in industry, business and medicine. These proprietary mathematical techniques in advanced AI can find complex patterns in very-high-order data that have eluded detection by much larger systems. As the Company applies its computational platform to the challenging fields of drug discovery and diagnostics in cancer, it is also making major Pattern Discoveries for partners in other sectors, including extended biotech, materials science, aerospace manufacturing quality control, veterinary medicine, air traffic operations, and energy services. See www.patterncomputer.com . CONTACT: Laura Guerrant-Oiye (808) 960-2642 – laura@patterncomputer.com The foregoing contains statements about Pattern Computer’s future that are not statements of historical fact. These statements are “forward looking statements” for purposes of applicable securities laws and are based on current information and/or management’s good faith belief as to future events. The words “believe,” “expect,” “anticipate,” “project,” “should,” “could,” “will,” and similar expressions signify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance. By their nature, forward-looking statements involve inherent risk and uncertainties, which change over time, and actual performance could differ materially from that anticipated by any forward-looking statements. Pattern Computer undertakes no obligation to update or revise any forward-looking statement. Copyright © 2024 Pattern Computer Inc. All Rights Reserved. Pattern Computer, Inc., Pattern Discovery Engine, PatternBio, TrueXAI, and ProSpectral are trademarks of Pattern Computer Inc. or its subsidiaries. Other trademarks may be trademarks of their respective owners.ARMOUR Residential REIT, Inc. Announces December 2024 Dividend Rate Per Common Share
No. 5 UCLA snaps No. 1 South Carolina's 43-game win streak
Trump taps Charles Kushner, father of his son-in-law, as envoy to FranceGildan Activewear Inc. CEO Glenn Chamandy arrives to speak to the media following their annual meeting in Montreal, on May 28. Christinne Muschi/The Canadian Press Fund managers who put Glenn Chamandy back in the driver’s seat at Gildan Activewear Inc. GIL-T after a nasty boardroom battle are reaping the rewards for their support by selling portions of their stakes in the T-shirt maker. Gildan’s stock price has soared by 40 per cent since shareholders voted in May to reinstate Mr. Chamandy as chief executive officer and install a new board. Last December, the company’s previous board dismissed the then 61-year-old co-founder over succession issues, kicking off a six-month public battle for leadership of one of the world’s largest clothing manufacturers. During the governance showdown, normally low-profile fund managers such as Jarislowsky Fraser Ltd., Turtle Creek Asset Management Inc. and Anson Funds waged public campaigns supporting Mr. Chamandy. Their faith proved justified. Since Mr. Chamandy’s return, Gildan has boosted international sales and ramped up share buybacks, while rivals such as Fruit of the Loom Ltd. stumbled. Within months, Gildan’s stock price soared through analysts’ long-term targets. In November, Gildan’s share price hit all-time highs of $70 on the Toronto Stock Exchange, valuing the Montreal-based company at $10.8-billion. Mr. Chamandy’s staunchest supporters took profits during the rally. Over the summer, Jarislowsky Fraser, Gildan’s largest shareholder, sold 703,000 shares worth roughly $40-million, according to U.S. regulatory filings made Sept. 30. Jarislowsky Fraser, an arm of Bank of Nova Scotia, continues to own 10.3 million shares or 6.7 per cent of Gildan, a stake worth over $700-million. “Our view on Gildan is unchanged,” said Charles Nadim, head of research and portfolio manager at Jarislowsky Fraser, in an e-mail. “Any reduction in shares reflects portfolio considerations given the size of the position after such strong performance.” In recent months, Turtle Creek sold 1.2 million Gildan shares worth roughly $70-million, according to filings. The asset manager continues to hold 3.1 million shares worth more than $200-million. In an interview, co-founder and CEO Andrew Brenton said Turtle Creek has owned Gildan for more than 10 years and continues to support Mr. Chamandy’s strategy but decided to sell a portion of its holding as part of the fund manager’s “continuous portfolio optimization strategy.” “We remain committed to Glenn and his strategy, and we expect to continue to be Gildan shareholders for the long term,” Mr. Brenton said. Turtle Creek oversees $4.2-billion in client assets. Gildan Activewear will be ‘beneficiary of consolidation’ as customers merge, CEO says Anson, a Toronto-based fund manager, built a 2 million share stake worth more than $100-million in Gildan during the proxy fight and publicly backed Mr. Chamandy. In its September letter to investors, Anson co- founder and chief investment officer Moez Kassam said while Gildan’s prospects are bright, the fund manager sold most of its stake after its value rose by 50 per cent. He said: “We believe Gildan will continue to take share from peers.” Two other significant shareholders, Fidelity parent FMR LLC and Coliseum Capital Management LLC, also sold more than a million Gildan shares this fall. Over all, 11 of Gildan’s 25 largest shareholders have trimmed their positions since Mr. Chamandy’s return, while 13 institutional investors added to their stakes, according to filings. Gildan’s third-largest shareholder, Browning West LP, kept its stake constant at 9.6 million shares or 6.2 per cent of the company. The Los Angeles-based fund manager led the campaign to bring back Mr. Chamandy. “We believe Gildan has a strong value creation path ahead of it and look forward to being an engaged and supportive shareholder for many years,” Usman Nabi, Browning West’s managing partner and chief investment officer, said in an e-mail. Gildan’s stock price is soaring as the company moves on from what proved to be an expensive boardroom fight. So far this year, the company has spent $82.3-million on lawyers and advisers in the proxy battle, according to the company’s financial reports. The total includes $9.4-million Gildan paid to Browning West to cover the asset manager’s expenses. Gildan is still contesting outstanding bills. In August, advisory firm Kingsdale Partners LP sued Gildan for $2.3-million in alleged unpaid fees in the Ontario Superior Court of Justice. Since Mr. Chamandy’s return to the top job, Gildan has introduced new products and expanded its reach. In a recent report, analyst Mark Petrie at CIBC Capital Markets said sales and profit margins rose after Gildan rolled out “soft cotton technology” to improve the feel and “printability” of its T-shirts. “Gildan is taking market share and we believe product innovation and favourable competitive dynamics are important tailwinds,” Mr. Petrie said. Prior to the boardroom fight, Gildan built new factories in Bangladesh to cut costs and better serve international markets. While revenue growth in North America is relatively modest – projected to be 5 per cent or less annually – Gildan’s international sales jumped 20 per cent to $64-million in the most recent quarter compared to the same period a year ago. Over all, Gildan’s sales rose 2.4 per cent to a record $891-million in the quarter, while adjusted earnings rose 6.5 per cent to $138-million. Mr. Chamandy returned to Gildan promising to ramp up repurchase of the company’s shares, potentially by increasing the company’s relatively low debt levels and has delivered. Since May, Gildan has bought back 14.3 million of its own shares. The company’s current repurchase plan, set in August, allows Gildan to buy back up to 16 million shares or 10 per cent of its float by August, 2025. Mr. Petrie forecast the company will reach that limit early in the new year. Last Wednesday, Gildan raised $700-million in credit markets by selling notes maturing in five and seven years. The money is earmarked for “general corporate purposes,” which can include paying for share buybacks. With a report from Robyn Doolittle3 reasons to involve your kids in Small Business Saturday
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