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Rep. Elise Stefanik wins fifth term in Congress – Spectrum News

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Republican Congresswoman Elise Stefanik greeted an eager crowd in Queensbury to celebrate winning her fifth term representing the 21st District on Tuesday night.
She’s the projected winner over Democrat Matt Castelli with nearly 59% of the vote early Wednesday morning, according to unofficial results from the state Board of Elections.

"And upstate New York, we will stand strong against the vicious smears and downstate Democrats," Stefanik said kicking off her victory speech at the Queensbury Hotel in Glens Falls. "This is your win, upstate."
Castelli, a former CIA agent who ran on the Democrat and Moderate Party tickets, said in a statement he’s incredibly proud of the campaign and help from his volunteers and supporters.

"I celebrate our American democracy, where we accept the results of our free and fair elections, even when they are not in our favor," Castelli said. "That’s why last night, at 11:12pm, I called Congresswoman Stefanik to concede and congratulate her and left her a message asking her to work hard to bring people together for the good of our communities. I hope that she will listen to the many people in upstate New York who want a representative to focus on common sense solutions, not party politics, and I continue to urge her to honor her oath to the Constitution."
It’s unclear if the candidates have spoken. Castelli called Stefanik to concede at 11:12 p.m., according to his campaign. Minutes later at her election watch party, Stefanik told reporters her opponent had not made the call. Castelli’s campaign released an audio recording of him leaving the congresswoman a voicemail Tuesday night.
 
At 38, Stefanik is the youngest woman to chair the House Republican Conference, or the youngest person to chair the conference for either party.
She’s close with former President Donald Trump, who endorsed her for another term and is rumored to be gearing up for another presidential run in 2024.
Stefanik said she spoke with Trump on Tuesday morning.
"I’m honored to have his support not only for re-election in this district, but to continue my service as the next House Republican Conference chair," she said.
It’s unclear which party will control Congress as millions of votes are finalized, but recent polls suggest Republicans have the edge to take back the majority in the U.S. House of representatives.
Stefanik says the GOP is ready to advance its agenda, focusing on reducing inflation, supporting border patrol officers and passing a parents’ bill of rights.
"Our parents bill of rights will ensure that parents have access to the teaching materials for our teachers," the congresswoman said. "It ensures that parents have access to the curriculum, it ensures parents have access fully to the budget and the books of school districts."
About 200 supporters celebrated the North Country congresswoman’s win along with her husband, Matthew and their 14-month-old son.

Other Republicans at the party celebrated their re-election to the state Legislature, hoping it will give them more leverage and end Democrats’ current supermajority.
"Sending more Republican senators to Albany is going to slow down the amount of control over the process that the Democrats have, and they need that," said state Sen. Dan Stec, a Republican from Queensbury.

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EQ Resources improves Mt Carbine economics – Creamer Media's Mining Weekly

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EQ Resources improves Mt Carbine economics
9th November 2022

By: Esmarie Iannucci
Creamer Media Senior Deputy Editor: Australasia
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PERTH (miningweekly.com) – An updated bankable feasibility study (BFS) into the Mt Carbine expansion project, in Queensland, has improved the project’s economics when compared with the 2021 BFS.
The updated BFS was enhanced by the recently announced 29% increase in the openpit ore reserves, which resulted in a 15% higher tungsten concentrate output over an expanded 14-year production schedule, compared with the 12-year estimated in the previous study.
Concentrate production has also increased from the 26 680 t in the initial BFS, to 30 960 t.
Capital costs for the project are now estimated at A$21.4-million, down from the A$22.9-million in the original BFS, while the pre-tax net present value has increased from A$131-million to A$210-million, and the internal rate of return from 154% to 397%.
“The Mt Carbine planning process continues to deliver strong outcomes in terms of robust economics and extended mine life,” said EQ Resources CEO Kevin MacNeill.
“The continuous operations and completion of the Phase 1 plant upgrades through the early works programme have provided invaluable data and project development insights. The successful funding of the project allows the continued execution of the development schedule for the Phase 2 expansion.
“As we are already in production and have had the chance to optimise the processing plant, we can say that target recoveries of 79.5% have been achieved on an ongoing basis,” said MacNeill.
“We are now prioritising further resource drilling on the projected Western Extension of the Mt Carbine orebody with a view to expanding the near-pit mine reserves. Any successful results from the drill campaign could be quickly brought into life-of-mine planning.
“This BFS update proves the continuity we set ourselves as a target in developing a regional critical minerals cluster, given there are several other deposits with significant resource potential in our vicinity.”
Edited by: Creamer Media Reporter

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How to watch vote counting in Texas – KXAN.com

How to watch vote counting in Texas  KXAN.com
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Model Ambra Battilana Gutierrez, Who Was at the Center of Harvey Weinstein NYPD Sting Operation in 2015, Gets Her Day in Court – Variety

Model Ambra Battilana Gutierrez, Who Was at the Center of Harvey Weinstein NYPD Sting Operation in 2015, Gets Her Day in Court  Variety
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Sujit Sudhi, Veetraag's 'Zakhm-e-dil' tugs at your heartstrings | Music | Onmanorama – Onmanorama

Hello

Musicians Veetraag of ‘Gadhama’ fame and lyricist-cum-music composer Sujith Sudhi have collaborated yet again for another beautiful melody titled ‘Zakhm-e-dil’ (wounded heart). The song, which is a mix of Urdu Shayari and Hindi, is a melancholic rendition, capturing the broken heart and pain of a lover who is finding it hard to deal with his beloved’s silent treatment.
Veetraag who is both a music composer and singer crooned the track in his mellifluous voice. Equally beautiful are the lyrics by Sujith whose earlier music compositions include ‘Yaad Aaya’, among others.
The visuals of the song are also mesmerizing with all the shots taken in and around Mattanchery. The music blends in aptly with the visuals, shot completely in the backdrop of the backwaters. The cinematography is by Shiju while Jiyad is the assistant Dop. Ujjwal M is the editor.
Sangeeth Pavithran who is the lead guitarist was also involved in the song’s mixing, mastering and music production. Raju George played the bass guitar while Mugdha is the pianist. Shahul Hameed and Ismail Ichu also lent support for the video production. The song, which is also an infusion of rock music, has been receiving a good response ever since its release.
Veetraag, who is a well-known musician has worked extensively in Mollywood alongside Bennet Roland, songwriter and guitarist. The songs from their first movie together ‘Out of Syllabus’ –‘Poi Varuvaan’ and ‘Ee Kalppadavil’ were well-received.
Go live with Manorama Online App, the number one Malayalam News site on our mobiles and tablets.
© Copyright 2022 Onmanorama. All Rights Reserved.

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Operation Guardian expanded to protect stolen information of Australians – Australian Federal Police

Editor’s note: A video and audio recording of Assistant Commissioner Cyber Command Justine Gough’s press conference on 9 November is available via Hightail.
The AFP has expanded Operation Guardian to protect Medibank Private customers whose personal information has been unlawfully released online by ransomware criminals.
The AFP is aware that distressing and very personal information has been released on the dark web and has immediately taken measures, including covert techniques, to identify further criminal activity.
Investigators within the AFP’s Cyber Command are working with public and private sector agencies to scour the internet and known criminal online sites to identify those who are buying or selling personal identification information.
It is an offence to buy stolen information online, which could include a penalty of up to 10 years’ imprisonment. It is also an offence to blackmail or menace customers.
The AFP-led Operation Pallidus, which is focussed on the criminal data breach, is also working with Commonwealth agencies and Five Eyes Law Enforcement partners, including the FBI.
The AFP has significant powers within its remit, including legislation that precludes the AFP from revealing when they are in use.
Those powers are a chilling reminder to hackers, and those who will attempt to piggyback off those criminals, that the AFP will relentlessly pursue them.
Operation Guardian, a joint initiative with state and territory police set up in September to protect more than 10,000 customers whose identification credentials were unlawfully released online under the Optus data breach, will now extend to Medibank Private customers.
A Sydney man yesterday (8 November, 2022) pleaded guilty to trying to blackmail Optus customers after he was charged by the AFP.
 AFP Assistant Commissioner Cyber Command Justine Gough said the criminal or criminal groups behind this attack may be offshore but that would not deter the AFP.
“We have significant powers, determination and access to international law enforcement networks to help investigate this breach.
“This is not just an attack on an Australian business. Law enforcement agencies across the globe know this a crime type that is borderless and requires evidence and capabilities to be shared.
“It is an offence to buy stolen data, which could be used for financial crimes.
“Just as importantly, the AFP is aware that the unlawful release of private health information can be distressing and embarrassing for some of those affected by the Medibank data breach.
“To the customers impacted by this latest breach, please do not be embarrassed to contact police through ReportCyber if a person contacts you online, by phone or by SMS threatening to release your data unless payment is made.
“Blackmail is an offence and those who misuse stolen personal information for financial gain face a penalty of up to 10 years’ imprisonment.
“Operation Guardian will be actively monitoring the clear, dark and deep web for the sale and distribution of Medibank Private and Optus data.
“Law enforcement will take swift action against anyone attempting to benefit, exploit or commit criminal offences using stolen Medibank Private data.
Assistant Commissioner Gough said just downloading or assessing stolen Medibank Private data may constitute a criminal offence.
“As a force multiplier, we use the powers and authorities of all of our agencies to disrupt the sale and distribution of the unlawfully-obtained data,’’ Assistant Commissioner Gough said.
The public are encouraged to:
If you believe you are a victim of Cybercrime, report it to ReportCyber at cyber.gov.au.
If there is an imminent threat to your safety call Triple Zero.
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Amerie Hits the Studio / Confirms She’s Working on New Music – ThatGrapeJuice

If there’s one thing Amerie fans for sure want to hear it’s official news that the GRAMMY-nominated diva is back in the lab cooking up new entries to her critically acclaimed discography.
After years of teasing, it appears she’s finally made time to hit up a studio and deliver on the promise to lend her voice to some new music.
Details inside.

 
 
A post shared by AMERIE 에므리 (@amerie)

Barring spot concert dates and festival showings over the last few years, Amerie has kept pretty quiet on the music front since the release of her 2018 double EP ‘4AM Mulholland’ and ‘After 4AM.’  Despite kicking off the top of 2020 with confirmation that new music was in the works, the diva’s been mum on the topic since – focusing mostly on her literary efforts (reviews, authorship, etc.).
However, ears perked up after the 42-year-old took to Instagram recently to show behind the scenes footage of her time in the studio with rapper Consequence (as seen above).  The emcee, who made headlines earlier this year when he reconciled with longtime collaborator/embattled Hip-Hop star Kanye West to produce the tune ‘Blood Stain,’ tapped the songstress to contribute to its follow-up – ‘Blood Stain 2.’
“A lil’ behind the scenes… BLOOD STAIN 2 is on the way with my brother [Consequence],” she captioned the video which – as of time reported – has already captured nearly 7,000 likes.
As commenters, including fellow R&B diva Lil Mo, cheered in the comments, many inquired if more new music could be expected from the ‘1 Thing’ hitmaker by herself.
At writing, however, she’s not confirmed if and when her own music will be hitting digital shelves.  But, her long-awaited return to the studio at least gives us hope that an announcement is on the way.
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Amerie’s been missed. I love her unique voice and singing style.
Yesssssss bring it on, hunnie💅🏾 It’s bout damn time, go hide Rihanna! Amerie is untouchable! Is she doing K-pop this time around?
Yaas AMIIIIRIE
Amerie coming to SLAY the girls once again. Beyonce is SHOOKETH!!!!!
Ahead of the November 11 release of her debut EP, ‘Anyways, Life’s Great,’ Memphis-made rapper Glorilla has yet another reason to proclaim such thanks to news from the Recording Industry Association of America (RIAA).
Kanye West has found himself embroiled in yet another controversy. This time around, it centers around Rihanna.
Full story below…
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Trump Shows Support for McCarthy as Speaker, but McConnell Would Be Out – The New York Times

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The former president said that, if he runs for president and wins in 2024, Senator Mitch McConnell will “be out in two minutes.”
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In an interview with Fox News, former President Donald J. Trump said he would support Representative Kevin McCarthy, the minority leader, in his bid for speaker if Republicans win back control of the House of Representatives with Tuesday’s election.
The vote for speaker is an internal process in which only House members cast a vote. But Mr. Trump holds sway over a significant portion of the House Republican conference, whose support Mr. McCarthy needs to secure the job.
Mr. McCarthy has been careful not to do anything that would alienate the former president, yet he has angered Mr. Trump over the past year, most notably for his decision to pull all Republicans from the Jan. 6 committee investigating the attack at the Capitol.
Mr. McCarthy’s team also worked to smooth out the relationship with Mr. Trump after an audio recording was released that showed the minority leader telling his fellow G.O.P. leaders he was considering urging Mr. Trump to resign from office after the riot.
Mr. Trump was less enthusiastic about Senator Mitch McConnell, Republican of Kentucky and minority leader. He has repeatedly called on Senate Republicans to replace Mr. McConnell as leader and used racist terms to disparage his wife, Elaine Chao, who was born in Taiwan.
The two have been at odds since Mr. McConnell said Trump was “practically and morally responsible” for the Jan. 6 attack on the Capitol.
“I think we’ll probably have to live with him for two years,” Mr. Trump said, after calling him a “lousy” leader. “If I run and if I win, I will say, ‘Don’t send me any legislation if he’s the leader,’ and he’ll be out in two minutes.”
Mr. Trump also said he would support Representative Elise Stefanik, Republican of New York and one of his closest allies in Congress, in her bid to continue to serve as conference chair.
In a statement, Ms. Stefanik said that “there has been no greater partner than President Trump in helping House Republicans.”
Mr. Trump, who has been eager to claim credit for Republican victories, has teased a potential run for president in 2024, saying on Monday night that he would have a big announcement on Nov. 15 at Mar-a-Lago.
Ms. Stefanik said she was “looking forward to his big announcement next week” and that “he has my full support in 2024.”
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EQ Office names new national head of leasing – REJournals – REjournals.com

EQ Office, a leader in creating inspiring workplace destinations and a Blackstone portfolio company, announced company veteran Britton Derkac has been named senior vice president and national head of leasing. The appointment is part of the company’s strategy to deliver a best-in-class leasing experience for new and existing customers across regions. The creation of a dedicated leasing function will enhance EQ’s operating capabilities nationwide to maximize value for its partners and benefit the communities within which it operates. 
Derkac brings nearly 20 years of commercial real estate experience to the role, the last 14 of which he spent with EQ Office, focused on leasing and portfolio management duties across multiple markets including most recently Boston, Chicago, Nashville, and Washington D.C. In his new role, Derkac will oversee all leasing activity within the EQ portfolio. He will also manage strategic customer and broker relationships to help drive customer retention and new business development. 
Derkac most recently served as senior vice president, portfolio director at EQ Office, where he oversaw value creation efforts in addition to supporting the acquisition and disposition strategies for EQ. This year, he has overseen a number of significant leases across the EQ Office portfolio, including bringing a new concept from Crafted Hospitality and chef Tom Colicchio to Market Square in Washington D.C. 
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Elon Closes Regular Season Saturday At Hampton – Elon University Athletics – Elon University Athletics

Football by Jason Knavel, Associate AD for Strategic Communications






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Justice Dept. seeks end to special master’s review of Trump docs – WTVG

WASHINGTON (AP) — The Justice Department asked a federal appeals court on Friday to shut down the work of an independent arbiter who was appointed last month to review documents seized during an FBI search of former President Donald Trump’s Florida estate.
The appeal is the latest salvo in weeks of litigation over the scope of duties of the arbiter, also known as a special master, who was assigned to inspect the records taken in the Aug. 8 search of Mar-a-Lago and weed out any that may be protected by claims of legal privilege.
The special master process has caused some delays to the Justice Department’s investigation into the holding of top-secret documents at the home. But a major hurdle was cleared last month when the U.S. Court of Appeals for the 11th Circuit lifted a temporary bar on the department’s ability to use the seized classified documents as part of its criminal probe.
The move permitted a core aspect of the probe to resume, greatly reducing the odds that the process could have a significant impact on the investigation. Even so, department lawyers returned to the court Friday to ask for the entire special master review to be shut down, saying the judge who made the appointment had no basis for doing so and that Trump was not entitled to an independent review of the seized records or to claim privilege over them.
“Plaintiff has no plausible claim of executive privilege as to any of the seized materials and no plausible claim of personal attorney-client privilege as to the seized government records — including all records bearing classification markings,” according to the department’s brief.
“Accordingly,” they added, “the special-master review process is unwarranted.”
The Justice Department says it seized about 13,000 records, including roughly 100 with classification markings, during its court-authorized search in August. The department is conducting a criminal investigation into the retention of those records as well as into whether anyone obstructed its probe.
As part of the investigation, the FBI has interviewed multiple Trump aides, including a lawyer for him who served as a custodian of the records and who in June presented investigators with a signed letter asserting that all the classified records the Justice Department had asked for in a subpoena had been located and turned over.
Agents believed more records remained at the house, returned in August with a search warrant and removed 33 boxes of documents, including material classified at the top-secret level.
Weeks later, the Trump team asked a judge in Florida, Aileen Cannon, to appoint a special master to do an independent review of the records. Cannon agreed, naming a veteran Brooklyn judge, Raymond Dearie, to inspect the records and segregate from the rest of the investigation any documents that could possibly be covered by claims of executive privilege or attorney-client privilege.
The 11th Circuit subsequently lifted Cannon’s prohibition on the department’s use of the classified documents for its investigation pending Dearie’s review, as well as a requirement that the Justice Department provide those specific records to Dearie for his review.
The Supreme Court on Thursday declined a request from Trump’s lawyers to intervene in the dispute.
The Justice Department has repeatedly rejected the idea that a special master review was needed, and though it has been able to resume its review of the classified records, it said its investigation remains slowed by its inability to use the much larger set of non-classified documents as part of its probe.
“The district court’s injunction barring review and use of the other seized records harms the government and the public as well,” the department said. “A magistrate judge has already found probable cause to believe that those records may constitute evidence of crimes, and the government has demonstrated a clear need for them.”
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Copyright 2022 The Associated Press. All rights reserved.

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Mercedes-EQ EQS sedan provides zero-emissions wedding transportation – Wheels.ca

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Nov 8, 2022 5 min. read
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Uber bringing audio recording safety feature to Salt Lake City – Utah Public Radio

Uber will soon bring an in-app feature to Salt Lake City as part of an attempt to improve the safety of drivers and riders.
The “Safety Toolkit” feature will allow both Uber drivers and riders to record audio during trips for their personal safety. If an incident were to occur during the ride, Uber says that trained safety agents can review the audio clip, gather information about the incident, and take the proper course of action moving forward based on what happens.
The recording can be stopped at any point during the trip and is said to automatically stop when the Uber trip reaches its destination. Officials with Uber explained that audio files are stored on either the rider or driver’s device and nobody has authorization to listen to the recording without consent, even Uber employees.
So far, the safety feature has been tested in several states across the country including Kentucky, Missouri, and North Carolina. It’s also been implemented into Uber rides in Latin America and several other countries.

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Attorney general races election results 2022: live updates – NPR

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In 2022, 30 states have elections for attorney general. The responsibilities of the chief legal officer change from state to state, but generally, the role is to enforce state law and counsel the state government on legal matters. As with secretaries of state, attorneys general have had a higher profile in recent years because of cases involving student debt, criminal justice, false claims of election fraud, the environment and, more recently, abortion.
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ACRE Announces Closing of $54.5M Loan for ‘Abberly Foundry’ in Nashville, Tenn. – Real Estate Weekly

ACRE, a global real estate private equity firm, today announced it has finalized a $54.5 million loan with HHHunt Corporation (HHHunt), to support the newly-built multifamily community ‘Abberly Foundry,’ formerly known as ‘Alta Foundry,’ in Nashville, Tennessee.

Issued through ACRE’s debt fund “ACRE Credit I”, the loan will aid HHHunt’s purchase of the 231-unit community. Executed in October, the three-year agreement includes options for two single-year extensions.
Roger Edwards of JLL served as broker for the deal.
“Nashville has proven to be a resilient market in recent years, with low unemployment rates, an increase in corporate expansions to the area, and a rental market that continues to perform in terms of occupancy levels, new product delivery, and more,” said Sam Browne, Vice President of ACRE. “We’re proud to play a part in HHHunt’s acquisition of Abberly Foundry, and look forward to continuing this partnership and seeing the property reach its full potential under its new ownership.”

A regional real estate development, building, and management company, HHHunt owns and manages over 8,800 apartment homes in Virginia, Maryland, North Carolina, South Carolina, Tennessee, and Georgia.
Since its launch, ‘ACRE Credit I’ has raised $509 million of equity and has closed and committed to providing over $2 billion in loans across more than 50 transactions to support the acquisition, lease-up, redevelopment, and recapitalization of multifamily assets in growing secondary markets across the U.S. such as Miami and Orlando, Florida; Denver, Colorado; Durham, North Carolina; Charleston, South Carolina; and Dallas, Texas.
“ACRE remains steadfast in our mission to provide debt financing for rental housing developments across the country, and the agreement with HHHunt marks yet another exciting milestone for the company, “ said Browne. “We’re committed to supporting the multifamily industry through our fast-growing lending platform, and we’re honored to stand as a valuable, reliable partner to those continuing their efforts to improve the health of this industry from the inside out through acquisition, ground-up development, and more.”
Abberly Foundry, which was developed by Wood Partners and reached completion in 2022, is located at 640 21st Avenue North in Midtown Nashville. The community features a mix of studio, one-, and two-bedroom units, ranging in size from 582 square feet to over 1,200 square feet, across three residential buildings. As of October 2022, the property was 79 percent occupied.
The community offers residents an array of modern features, including quartz countertops, custom shaker-style cabinetry, designer pendant lighting, stainless steel appliances, spacious walk-in closets, hardwood-style plank flooring, private patios and balconies, and integrated smart home technology. Amenities include a rooftop Sky Lounge with panoramic views of downtown Nashville, electric vehicle charging stations, a pet spa and dog park, a co-working space, a 24/7 package room, and an art installation.
Abberly Foundry residents also enjoy convenient access to Nashville’s business, healthcare, technology, and higher education establishments, as well as an array of outdoor recreational areas such as Marathon Village, Watkins Park, and Centennial Park.

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Media careers: why skills still count – Financial Times

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    Increasing Opportunities In Digital Audio Recorders Market Cost 2022: Find Out Essential Strategies To expand – openPR

    Digital Audio Recorders Market Analysis 2022
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    Stock Market Today: Dow, S&P Live Updates for Nov. 8 – Bloomberg

    The only daily news program focused exclusively on technology, innovation and the future of business from San Francisco.
    Simulcast of Bloomberg Television
    This QuickTake adaptation of our award-winning podcast, The Pay Check, focuses on the racial wealth gap.
    Airbus Sees Asia Demand for Big Jets Leading Post-Covid Recovery
    Asian Property Debt Woes Worsen as Indonesia Shows More Distress
    Global Supply Chains Set for Overhaul Next Year, HSBC Poll Shows
    South Korea’s Deadly Crowd Crush Threatens to Weigh on Fragile Economy
    Chicago Fed’s Evans Says It’s Time to Slow Pace of Rate Hikes
    Medibank Hack Could Cost A$700 Million in Compensation, Fixes
    Rakuten Is Said Cutting Mobile Unit Headcount to Woo Investors
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    and

    US stocks rose for a third day as investors awaited midterm election results and monitored the selloff in crypto tokens that wiped out more than 10% from the price of Bitcoin. The dollar fell with Treasury yields. 
    The S&P 500 closed higher, after earlier wiping out gains that had topped 1%. Sentiment was dented after Bitcoin plunged as the owner of the largest crypto exchange swooped in to buy a smaller rival that ran into liquidity trouble. The yield on two-year Treasuries, more sensitive to Federal Reserve policy changes, shed 6 basis points, while a gauge of the dollar dropped for a third day.

    source

    New affordable rental homes open in Merritt – EIN News

    There were 2,028 press releases posted in the last 24 hours and 289,843 in the last 365 days.
    CANADA, November 7 – Families, seniors and individuals in Merritt are moving into affordable new rental homes as the doors open on a 75-unit apartment project.
    “These new units will have a very positive impact in Merritt, delivering safe and affordable homes for families, seniors, and others in the community,” said Murray Rankin, Attorney General and Minister Responsible for Housing. “Housing developments like this will help communities like Merritt continue to grow and contribute to a stronger rural B.C.” 
    Located at 4010 Walters St., the four-storey apartment building has a mix of studio, one-, two-, and three-bedroom homes, including eight accessible units. Residents have access to a shared amenity space, which includes a gym, three common rooms, and a barbecue area outside. The development has 120 parking spots.
    Monthly rents range from $1,020 for a studio to $2,380 for a three-bedroom apartment.
    The project is being built in partnership with Olympic Villas Inc. through BC Housing’s HousingHub program. HousingHub was created in 2018 and works with communities and non-profit and private-sector developers to increase the supply of rental housing and homeownership options for middle-income British Columbians.
    The Province does not directly fund HousingHub projects. Instead, the Province makes low-cost financing available to developers to build new housing. Through HousingHub, developers receive loans with lower interest rates than would otherwise be available. The developers commit to pass construction-cost savings on to prospective tenants and homeowners through more affordable rents and ownership opportunities.
    The Province provided approximately $16.6 million in low-interest financing for this project, which will be repaid with interest by Olympic Villas Inc.
    “Housing represents the quality of life, which determines the level of satisfaction and happiness in our lives,” said Irfan Sonawala, director, Olympic Villas Inc. “We have built with amenities and construction quality to create such happy memories beyond essential housing. This building is targeted to attract professionals and entrepreneurs who play key role in the growth of smaller towns to economical hubs. We are appreciative for the HousingHub program that goes beyond essential affordable housing to quality housing at market rents that make such remote development possible.”
    The project is located at the centre of Merritt’s new uptown development and is near a hospital, schools and other community services.
    “The City of Merritt is very pleased to have 75 new housing units available for present and future residents,” says Mike Goetz, mayor of Merritt. “The city of Merritt has historically low vacancy rates and new housing is very much in demand. We are grateful to add these new units to our housing supply and continue to invite developers to help grow our community.”
    Residents are expected to start moving into their new homes later this month.
    This project is part of B.C.’s 10-year, $7-billion housing plan. Since 2017, the Province has funded more than 36,000 affordable new homes that have been completed or are underway for people in B.C., including more than 160 homes in Merritt.
    Learn More:
    For more information about HousingHub, visit: https://news.gov.bc.ca/releases/2021AG0025-000720
    A map showing the location of all announced provincially funded housing projects in B.C. is available online: https://www.bchousing.org/homes-for-BC

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