Author: Press Headliner

  • Leaked documents reportedly expose China’s extensive cyber-espionage operations

    Leaked documents reportedly expose China’s extensive cyber-espionage operations


    Beijing [China], April 21 [ANI]: Leaked documents from i-Soon, a Chinese cybersecurity company linked to the country’s cybersecurity apparatus, have reportedly provided fresh evidence of China’s extensive cyber espionage operations.

    These documents shed light on China’s utilisation of hackers to target Hong Kong’s pro-democracy activists and the Uyghur community.

    Additionally, they reveal the Tibetan exile administration in Dharamshala, India, as another target of Chinese hackers.

    The leaked documents underscore China’s strategy of targeting vulnerable individuals and groups across international borders.

    Notably, i-Soon allegedly attempted to breach the Dalai Lama’s office in India. The Chinese Army and Police are reportedly among i-Soon’s major clients, suggesting state involvement in these activities.

    This revelation adds to longstanding concerns about China’s history of conducting espionage abroad. A diplomatic crisis between China and the United States last year, triggered by a Chinese balloon entering American airspace, underscored the need for nations, including India, to bolster their counterintelligence capabilities.

    Furthermore, US and British officials have accused Beijing of targeting various sectors, including lawmakers, academics, journalists, and defence contractors, through cyber espionage.

    Sanctions and charges have been imposed in response.

    Despite China’s denial of these allegations, analysts note a rise in cyberattacks linked to Chinese agencies, indicating efforts to assess foreign governments’ reactions.

    As these leaks come to light, they raise significant concerns about the extent of China’s cyber activities and their potential impact on international security and diplomatic relations. (ANI)

  • US Fed, Israel-Iran conflict and Q4 earnings will decide how the market moves next week: Experts

    US Fed, Israel-Iran conflict and Q4 earnings will decide how the market moves next week: Experts


    New Delhi [India], April 21 (ANI): Volatility returned in Indian stock markets after a smooth rally at the start of April. The current volatility is primarily driven by Foreign Institutional Investor (FII) selling activity. Despite inflows in the primary markets, secondary markets have experienced significant sell-offs by FIIs, casting uncertainty over market sentiments.

    “The coming week’s price action in the markets will be determined by two major factors. The US Federal Reserve’s rate setting committee meets in 10 days for its next FOMC meet,” said Ajay Bagga, banking and market expert.

    He added, “The second factor looming on the markets is the threat of any escalation in the Israel Iran direct conflict post the Passover festival getting over in Israel. Earnings season has so far progressed as per expectations but with both global and Indian large cap earnings slotted for the coming week, we can expect sharp market reactions”.

    Adding to the unease, Indian bond yields have surged over the past two weeks, signaling apprehension and uncertainty surrounding US rate cuts and geopolitical tensions.

    The upcoming week is poised to bring forth earnings reports from both global and Indian large-cap companies. This is anticipated to trigger sharp market reactions and further amplify market volatility.

    With no imminent catalyst on the horizon to provide reassurance to investors, markets are expected to experience more volatility and wider fluctuations in the coming days. Investors are advised to exercise caution and closely monitor market developments amidst the prevailing uncertainties.

    Since April 10 when the market closed at an all-time high, the benchmark indices witnessed a sharp price correction, the Nifty ended 2.67 per cent lower while the Sensex was down by 2.55 per cent till Friday. Among Sectors, almost all the major sectoral indices witnessed profit booking at higher levels but IT index lost the most shed 4.7 per cent.

    During the last week, market consistently faced selling pressure from investors at higher levels. However, on last Friday after a gap-down opening markets recovered and closed with a pullback in indices.

    According to the experts, the medium-term market texture is still on the weak side due to temporary oversold conditions. Technically, on weekly charts, the index has formed a bearish candle and currently, it is trading below short-term averages, which is largely negative.

    Industry experts highlight long positions in Brent crude oil as the preferred option for hedging against a further escalation. Allocations to gold and US Treasuries could also help protect against adverse outcomes.

    In a recent development of the ongoing geopolitical tensions, At least three people were injured following five explosions at a pro-Iran military base in Iraq on Saturday, CNN reported, citing a security official.

    The investigation into the blasts that occurred “at the Kalsu military base in the Al-Mashrou district on the highway, north of the Babylon Governorate,” is underway. Israeli and US officials said neither was involved in the blast, a day after a military strike on Iran which has been attributed to Israel. (ANI)

  • China’s tech sector faces stagnation as government policies tighten grip

    China’s tech sector faces stagnation as government policies tighten grip


    Beijing [China], April 20 (ANI): Nina Xiang, Managing Director at TH Capital and author of “US-China Tech War: What Chinese Tech History Reveals About Future Tech Rivalry,” has shed light on growing concerns over China’s economic trajectory in the technology sector, Nikkei Asia reported on Friday.

    According to Xiang, a rising number of economists are questioning whether China’s Gross Domestic Product (GDP) will ever surpass that of the US as the country grapples with declining momentum.

    The tech industry, once viewed as a formidable competitor to the US, is now experiencing a slowdown akin to Japan’s historical stagnation period. Chinese companies, once lauded for their advancements in artificial intelligence (AI), are now lagging behind American counterparts such as OpenAI in generative AI.

    Nikkei Asia reported that Xiang points out that China’s reliance on foreign AI chips has been challenged by tightening supply lines from the US. Additionally, domestic semiconductor manufacturers are struggling to produce chips capable of supporting AI training tasks.

    Market capitalization and revenue figures further illustrate the widening gap between Chinese and American tech giants. Despite previous dominance, Chinese companies like Baidu now trail significantly behind their US counterparts like OpenAI in terms of market value and revenue.

    Furthermore, the decline in the number of Chinese unicorns (startups valued at over USD 1 billion) and venture capital funding signals a shrinking pool of future-defining tech companies in China.

    Chinese AI companies also operate on a smaller scale than their American counterparts. Baidu, China’s leader in large language models (LLMs), has a market capitalization of USD 33.7 billion and generated USD 91 million of AI-related revenue during the fourth quarter of 2023. OpenAI, by comparison, is valued at over USD 80 billion and recorded USD 2 billion in revenue last year, Nikkei Asia reported.

    This is a critical point because training advanced LLMs can cost hundreds of millions of dollars and the expense could reach the billion-dollar level soon. Training requires massive capital investment, something that even the biggest Chinese tech companies have fallen behind on.

    Xiang attributed China’s tech stagnation to Chinese President Xi Jinping’s policies, which have stifled private-sector development and instilled fear among entrepreneurs. The regulatory crackdown, coupled with government-led initiatives dictating innovation priorities, has led to a market landscape where government planning overrides market forces.

    Xiang warns that while government intervention may yield short-term successes, sustainable innovation can only thrive in a free and open market environment.

    Ultimately, Xiang underscores the consequences of China’s tech decline falling squarely on President Xi, who may not fully grasp the severity of the situation due to a lack of candid feedback from advisors, Nikkei Asia reported.

    Analysts caution that unless China shifts towards a more market-led approach, its tech sector’s decline could have far-reaching implications for the country’s economic future. (ANI)

  • Mexico Likely to Hit Pause on Rate Cuts in May, Heath Says

    Mexico Likely to Hit Pause on Rate Cuts in May, Heath Says


    Mexico’s central bank may vote unanimously to hold borrowing costs at 11% at its next meeting in May, a deputy governor said.

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    (Bloomberg) — Mexico’s central bank may vote unanimously to hold borrowing costs at 11% at its next meeting in May, a deputy governor said.

    Banco de Mexico views its March rate cut as a first adjustment instead of part of rapid policy normalization, said Deputy Governor Jonathan Heath said in an interview on the sidelines of the annual International Monetary Fund meetings.

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    “I’m leaning toward a pause in May, and we can see how data evolves by June,” Heath said Friday in Washington DC.

    The economic scenario hasn’t changed from March’s rate decision, when the board delivered a quarter-point reduction but refrained from signaling more immediate cuts ahead. A pause in May is “likely” to be unanimous, Heath said.

    “Just because we cut in March it doesn’t mean we formally began a process of rate drops,” he said. 

    Mexico’s central bank, known as Banxico, delivered its first post-pandemic rate cut last month — after all other major inflation-targeting central banks in Latin America — and signaled that any future reductions will be gradual. 

    Consumer price rises have waned to 4.42% from a year prior, with core measures excluding energy and food also slowing. Still, as the Federal Reserve signals it will delay its own easing, many investors expect its southern neighbor will pause next month.

    To Heath, Mexico hasn’t launched an rate-cutting cycle but rather delivered a “needed fine tuning” to hold monetary policy at just the right restrictive level. “It was a first adjustment because we don’t want to change our restrictive stance,” he explained. 

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    Rates should be in a range of 7% to 7.5% when adjusted by future inflation expectations, he added. When they exceed it, there could be room for another “small adjustment,” likely of a quarter point.

    “That is my personal range, no one in the board put a number and it’s not set in stone,” he said. “I’m just a numbers guy.”   

    Mexico keeps a close eye on the difference between its own benchmark lending rates and the Federal Reserve’s, to avoid outflows of capital, though Banxico board members have long insisted they make decisions independently.

    On Tuesday, Fed Chair Jerome Powell signaled policymakers will wait longer than previously anticipated to cut interest rates following a series of surprisingly high inflation readings.

    Still, Banxico is at an acceptable rate differential with the US with more concerning domestic worries such as above target inflation. “But our rate decisions in May and June are independent from the Fed.” 

    Mexican policymakers lowered rates by a quarter-point to 11% from an all-time high last month in a split vote. Irene Espinosa, the one member who voted to hold borrowing costs, said monetary policy faced additional challenges, including pressures from wage increases and expansionary fiscal policy. Earlier this week, Espinosa said Mexico is not at the beginning of a prolonged easing cycle, in a separate interview with Bloomberg News.  

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    Following the May meeting, decisions are likely to be split though there’s agreement among the board that when the normalization process begins it will be with very gradual and cautious rate cuts, Heath said. 

    “No one is thinking of drops bigger than 25 basis points, as far as I can tell.”

    Economic growth in Latin America’s second-largest economy has been driven by the process known as near-shoring, whereby companies set up local operations to serve clients across North America. President Andres Manuel Lopez Obrador is also boosting spending in his final months in office, resulting in the biggest budget deficit since the 1980s.

    Those factors are also fueling inflation concerns among Mexican central bankers and private-sector economists. Analysts currently see consumer price increases above the 3% target through 2025. 

    Banxico wants to see consumer price increases again in a steady downward trend, with a break in services inflation, which so far has been resilient. “We believe we are close, but we need to see costs of services in a clear downward tendency,” Heath added.  

    —With assistance from Maya Averbuch.

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  • We will, we will mock you

    We will, we will mock you


    Darin Gantt

    CHARLOTTE – Hey kids, mock on. Mock you like a hurricane. I want to mock and roll all night.

    It feels like I’m the only person in the world not filling out a mock draft this time of year, which creates a slight sense of FOMO. But there’s an even greater sense of liberation because it means I’m not wasting a bunch of time on the most pointless exercises of any year, particularly this year with the Carolina Panthers.

    This just in; your mock draft is wrong.

    Which is fine, because that’s not an EXCLUSIVE. Everyone’s mock draft is wrong, but the problem creeps in when you end up judging actual events because of the made-up opinions of others.

    Whenever the Panthers take whoever they take next week, fans will make judgements based on the perceived value of those players next to the mock drafts they saw (or participated in). But what that actually means is, … checks notes, … nothing.

    Because the Panthers pick 33rd, that means there are 32 independent variables they have no control over. Even if Dan Morgan wanted to be revealing (he doesn’t), it’s impossible to know what he wants to do because he doesn’t have a reliable fact pattern to build off of.

    And the mock drafts you see on the internet are not a reliable fact pattern. Even the most studied analysis can be thrown off by one irrational actor, and there are plenty of irrational actors in this business. And not all of these things are graded accurately, or by people who have the foggiest clue what they’re talking about. We could participate in the kind of reckless speculation that seems fashionable, but it would only make me tired, and wouldn’t make you any smarter.

    So sure, have fun, get online and “study” for yourself. I wasted a little time by rolling through ESPN’s draft simulator, and in 10 versions, found myself with seven different players at 33. And you could make a case for any of them. I also wasted a little time with PFF.com’s mock draft machine and saw even more possibilities. Then, I wasted a little time on Pro Football Network’s mock draft generator, which allowed me to trade back a lot. Once, I ended up with a first-rounder, three second-rounders, and two thirds in next year’s draft by moving back multiple times and started picking at 65.

    You know what that means? I wasted a little time.

    I get it; this is an entertainment product, and imagining the possibilities is fun. Just remember that it gets real next week. Also, the weather is nice. Go outside. Ride a bike. Pet a dog. Talk to a person. Listen to some music. We can hole ourselves up in windowless rooms next week.

    And we will. At least then it will be real.

    —————————————————— Dear OG, I loved the story about the April 18 Press Conference and the coordinated leadership style the coaches and front office are using to prepare for the draft. Hearing more about communicating (speaking and listening) rather than collaborating gives fans a shot of excitement and inspiration about the direction the team is heading.

    We’ve made some improvements this year to be more competitive, and I accept, a little reluctantly, that the rebuilding will take a couple of years. I know Coach “David Copperfield” Canales won’t share the magic of his scheme, and your crystal ball is in your other pants. Should all the hard work done with free agency, to be done with the draft, and to be done with the coaches and players going forward realistically have fans expecting a 5-7 win season? I know five wins is an improvement over last year, but it leaves us where several of the recent seasons left us. Last season, I wasn’t expecting a division title; I was expecting only a really competitive team in the hunt, and the disappointment of what I saw left me feeling as if I were stranded in the desert. I don’t want to be there again. So, please, Swami of the Mailbag, what is a reasonable expectation? You’re the best, OG. – Thomas, Garner, NC

    It’s a novel concept, as expressed by Canales and Morgan, being on the same page. Seems normal. Isn’t always. But it’s a positive step, for sure.

    As for predictions, I try to stay out of that business because in none of my mock 2023s did I predict they’d use seven different left guards and eight right guards and Bryce Young would be sacked 62 times. If only the crystal ball hadn’t been in Ben McAdoo’s other pants, we might have all known better.

    But there’s a logical pattern about what the Panthers have done so far, so it’s reasonable to assume they should be better. Does better mean five wins? Seven? Nine? I have no idea yet.

    The draft will play a part, because the Panthers still have a roster that’s thin in enough spots that a few bad-luck injuries could make a mess of things. But they also play in the NFC South, which means a few bad-luck injuries (or some regression to the mean) could put any of the other teams where the Panthers were last year.

    I think it’s reasonable to see progress. In the journey of life, that’s all you can reasonably ask, to stay pointed in the correct direction and to keep moving.

    —————————————————— Lifelong Panthers fan trapped in New England Patriots territory! Lots of change is going on, and I’m very optimistic! With the constant change of other organizations’ uniforms, has there been any talk of new uniforms for us? Also, with the new rule of a third helmet, any talk of one for us? – Michael, East Falmouth, MA

    There’s always talk. It’s the internet. There’s all kinds of talk. But nothing’s imminent on the uniform front.

    The third helmet is for teams getting immediate makeovers. Even for the alternate second helmet, there are limits of three times per year.

    The Panthers can only wear their black lids with their alternate blue jerseys or the all-black color rush outfit. And since the weather often limits the timing of alternate blues (they had to burn one at a preseason game in Washington a few years ago when the Football Team decided to wear white for a noon kickoff in August), it’s a tricky balance. Nobody wants to wear black when it’s hot or might be hot. These decisions are made months in advance, so football is always going to lean toward being cool rather than looking cool.

    So while I can’t offer you much fashion news, I can make you this week’s Friend Of The Mailbag, and get you something in alternate blue headed your way, so you can stand out among all your neighbors.

    —————————————————— Stefon Diggs, an All-Pro wide receiver with multiple Pro Bowl appearances, was traded for a future second-round pick, but the Bills also had to send back multiple picks. Haason Reddick, one of the NFL’s top edge rushers, was traded to the Jets for a conditional third-round pick two years from now. L’Jarius Sneed, one of the best young corners in football, was traded to Tennessee for a future third and seventh-round pick. These are all talented players at premium positions going for less than what the Panthers obtained for Brian Burns. So, how many mea culpas have you heard from people criticizing the Panthers’ new management?

    I understand there was reportedly a higher trade offer a year and a half ago, but that was a completely different regime and time period. Yes, you want to sell high, but you wouldn’t blame your new financial advisor for your previous one not selling a stock at its peak. The misconception I hear most often is that we held onto Burns for a year and a half for nothing, but that’s not true. After we reportedly turned down the Rams’ offer, the Panthers were a couple of CB injuries away from making the playoffs. I think most people would trade one first-round pick (the equivalent of what we missed out on) for our first playoff appearance since 2017.

    Anyway, I know my question is somewhat tongue-in-cheek, but it gets tiring being the media’s (and our own fans’) punching bag. I know it comes with the territory, but some context would also be nice every once in a while. – Tyler, Charlotte

    Get out of here with your perspective, Tyler. Shouldn’t you be working on a mock draft or something?

    Applying like-for-like comparisons certainly brings the deal into context, and the context is that you’re only going to get a haul for a player if he has time left on his contract. And Brian didn’t. So, as the man said, it is what it is.

    There’s also something to be said about shooting your shot when you can. If you said this team was Jaycee Horn’s broken wrist against the Lions from going to the playoffs in 2022, I don’t disagree with that. And the roll that team got on was interesting at a time when interesting was in short supply. Do what you can, where you can, while you can.

    —————————————————— If Austin Corbett gets hurt again, what would we do about the center position? – Garrett, Spruce Pine, NC

    Find another one, probably.

    For starters, hopefully nothing happens to Austin. Enough has already.

    They’ve got a couple of guys on the roster who can snap (such as Cade Mays and J.D. DiRenzo). I still think Brady Christensen would be good at it. And there are also options outside the current roster between the draft and free agency.

    Canales was asked about Corbett Thursday, and here was his response.

    “I think this is a great opportunity for Corbs,” Canales began.

    (Parenthetical aside: 98.4 percent of all coach nicknames for players are derived by shortening and/or adding an -s, -er, or a -ey to the end of their surnames. Jeff King was The Kinger. Men named Jones become Jones-ey. [Perhaps a nod to the legendary Indianapolis nightspot Ike and Jonesey’s.] You get the picture.)

    Where were we? Oh, Corbett.

    “I think for him, the way that he’s wired, the person, it’s a great opportunity for him,” Canales said of moving the longtime guard inside a spot. “You know, and if somebody falls to us that can challenge that position in that spot, then we got to take a serious look at it, you know, and that goes across the board.”

    You could read that as, “The Panthers are definitely drafting a center.” But you could also apply that to every other position on the roster.

    They could draft one, or they could add another free agent after the draft when the prices come down. I’m not sure this is the panic some people think, because I think Corbett can do this effectively, and is well. Now, he turns 29 in September and is in the last year of his contract, so you obviously would love to create a long-term succession plan there.

    But you’d like to do that at every position; you just don’t always get to every offseason.

    —————————————————— There’s a lot of talk about receivers, but the question is, do the Panthers need to be zooming in on one of the bigger ones? Diontae Johnson and Adam Thielen are both on the small side, so do they need to make sure they find one of the bigger ones like Keon Coleman or Xavier Legette? – Will, Rock Hill, SC

    What they need to make sure they find is a good one, whatever his size. If he can run and get open, that’s a plus.

    Thielen is 33 years old. Johnson is entering the final year of his current contract. So, making a four-year decision (which is effectively what drafting a guy is) based on what could be a one-year circumstance isn’t the wise play.

    At every pick this year, the thought needs to be about the best player available rather than the best player available for the 2024 Panthers.

    That could turn out to be Legette or Coleman or any number of the wideouts. Or it could be one of the ones on the small side, like Ladd McConkey or Ricky Pearsall or Malachi Corley.

    Size can matter for receivers because, in a perfect world, you’d have a complementary group made up of different styles. It’s more important to have an improved group, though.

    —————————————————— Hey Darin, this is my first time submitting a question, but I’m a long-time follower! I’ve been a Panthers fan since ’95 and have seen the good, bad, and ugly since then, but the last six years have definitely been rough. I like the changes to the front office, and I’m excited to see what Dan Morgan can do as our new GM! I personally think we still need DE, DB, WR & LB (to become Shaq Thompson’s replacement) but my question is who would be your draft choices, and who do you think would be able to come in and provide an improved upgrade? Bonus question, based off current personnel how would you rank WRs on the depth chart today? – Jason, Riverside, CA

    Thanks, Jason, and welcome to the ‘Bag. Obviously, if you saw my mock draft, you’d know, … oh wait.

    I think they can find a starter at several positions at 33, and I feel reasonable confident they can find guys who are starting in 2025 or 2026 at 33, 39, and 65.

    Corbett and Thompson get mentioned a lot, but you could make reasonable cases for a number of positions needing eventual replacements. This is true of every roster in the league, as long as there are 22 starters and (usually) seven draft picks per season. So yes, pass-rusher, interior defensive line, linebacker, safety, corner (That’s the whole defense, isn’t it? Yep). That goes for offense too.

    I always think back to linebackers here. They had a Dan Morgan when they drafted a Jon Beason. They had a Jon Beason when they drafted a Luke Kuechly. It was never the biggest need, but the result was generations of stability in the middle.

    Ask me about that receiver depth chart after next weekend. It’s almost certain to change.

    Thielen caught 103 balls last year. Johnson gets open as well as anyone in the league. Do they need more talent there? Of course. I’m curious to see what a new coaching staff does with guys like Ihmir Smith-Marsette and even Terrace Marshall Jr., because each of them have shown flashes of potential that could be developed.

    Again, we’ll know more in approximately seven or eight days.

    —————————————————— I was in my school’s musical last week and played the Grandpa and the biology teacher in Freaky Friday: The Musical. It was very fun. How is Dom Capers doing, and what is his role for the upcoming season on the coaching staff? I know he is not a grandpa, but he is a wise and genius teacher who led two expansion franchises through their first few seasons quite well and has coached in the NFL for 50 seasons (Kind of like me, Grandpa Gordon, helping my daughter and granddaughter out after they switched bodies.) – Zach, Charlotte

    Dom is great. Dom is amazing. We all love Dom and envy the pace he keeps at work and on an elliptical machine. He’s in better shape than most of us.

    Dom was telling a story this week about starting as a graduate assistant at Kent State in the early 70s when he worked alongside another GA named Nick Saban. Their paths kept crossing and intertwining, as coaching paths do. Then Capers was coaching the Panthers, and took a pre-draft visit to Michigan State to see a kid named Muhsin Muhammad. His coach was Saban, bringing the old GAs together again about 25 years into their careers, and that was more than 25 years ago.

    When you’ve got 50 years in the business, you learn some things. Defensive coordinator Ejiro Evero loves Dom, and credits his ability to see things others don’t. That’s likely because he’s seen more things than anyone in the building (even Jim Caldwell). He’s able to sift through a lot of noise and offer perspective.

    Intelligence is good. Wisdom is better.

    That’s why I keep telling you to GET BACK TO CLASS, ZACH, so you can acquire more of both.

    —————————————————— Hello there Darin; it’s been a minute since I’ve written and I hope you and your family is doing well as I’ve noticed you have burning up the keys on your keyboard lately, figured I’d add to your hand exercises just a little more.

    I’ve been observing and feel extremely excited about our free agency additions and the coaching staff. Kind of reminds me of Marty Hurney and John Fox when they got together (good old days). Anyway, I’ve been smoking a lot of pork lately and have a lot of time on my hands to do some research on the future draft prospects and read a lot of articles. I did notice a lot of what-ifs on pick number 33, and I am possibly trading that pick. I dug a little deeper into the 2025 draft prospects and was not impressed. Being the armchair GM that I am, it seems defensively heavy. I realize it’s very early, but I was wondering what your thoughts on the 2025 draft class are. Please, and thank you. Oh BTW: pulled pork with a South Carolina mustard bbq sauce on a brat is very tasty, give a try sometime. Keep Pounding! – David, Farmington, MO

    I didn’t know where David was going with “I’ve been smoking a lot of, …”

    But I’d rather try all of David’s unique barbecue experiments than try to think about the 2025 draft right now. In general, I love the idea of having more picks in future years, but when you start at 33, there’s only so much you’re going to get for trading back.

    Broke this down last week, and you’re basically talking about picking up a third-rounder next year at the most, unless you’re moving way down, and someone is way desperate. If a quarterback people want to compete for is available at 33, maybe. But you also need some people, and there’s probably going to be one Morgan wants available to him.

    I’ve gotten a number of reminders that Morgan and Canales do have some similarities to the Hurney-Fox pairing in several ways. That’s a good thing.

    Marty and John presided over the most consistent era of Panthers football in franchise history. Emulating that would be a positive.

    Being on the same timeline is helpful, but being able to communicate effectively is better. And from listening to Canales and Morgan Thursday, that’s clearly something they’re working on.

    —————————————————— And on that note, let’s go lightning round, brought to you by the patron saint of the lightning round Jeff from Fuquay-Varina, to close it out this week.

    Why did we never play Jeremy Chinn as a linebacker after his rookie year? He was so good there, but never made the same impact at safety and now we’ve just let him walk. It’s moot at this point, but I just don’t get it – Grant, Columbus, OH

    I didn’t understand either until last year. But if you’re playing a 3-4, there’s not really a linebacker spot to put a 215-pound guy in for anyone’s best interest. I think Jeremy’s best served as a weakside linebacker in a 4-3, where he can do Thomas Davis-type things and not get swallowed up by larger bodies. Not sure what Washington has planned for him, but he’s a differently-shaped peg who only needs to find the correct-shaped hole. We’ve seen him make impacts. Hopefully, he can again.

    Hi Darin! As you’re an Old Guy around the Panthers, I was wondering if you can sense “this year, this team can click and do some damage” or “this team seems doomed for this season” before the season even starts? And if you can, what time do you sense it: start of the offseason program, training camp? Thanks! – Fernando, Sao Paulo, Brazil

    I already decided how this year was going to go. I’ll tell you all about it after it happens.

    Vibes are tricky. You could tell in training camp in 2001 and 2010 it was getting weird. Last year took a few more weeks, but by the bye, you knew. Change breeds optimism always, so this offseason feels more like 2002 and 2011.

    Hey Darin, share with us an insider’s perspective. On “getting the football right” using your day-by-day approach, how are the Panthers looking so far? Rate each day (M-T-W-T-F) and a grade scale (A, B. C …..). Besides being hopeful, what is the coaching staff’s impression of what they’ve got to work with this year? – Jim, Timberlake, NC

    There are particular things they really like. Among them is the size up front. You can’t help but see Robert Hunt and Damien Lewis walking down the hall and not realize things are very different. Mostly because you can’t see a lot of hall.

    They clearly got an A today, because the weather’s perfect, and everybody’s off. Hopefully, they’re not out doing mock drafts, and hopefully, you’re not either.

    Ask the Old Guy Submissions

  • Netflix Joins Apple, Meta in Withholding the Data Investors Love

    Netflix Joins Apple, Meta in Withholding the Data Investors Love


    Netflix Inc. shares fell the most in nine months Friday, taking the shine off stellar first-quarter financial results following management’s decision to stop reporting quarterly subscriber data.

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    (Bloomberg) — Netflix Inc. shares fell the most in nine months Friday, taking the shine off stellar first-quarter financial results following management’s decision to stop reporting quarterly subscriber data.

    This metric has long been the primary way Wall Street evaluated the company’s performance, but executives at Netflix, which now has almost 270 million subscribers, have tried to shift the focus to measures like sales and profit. Other tech giants like Apple Inc. and Meta Platforms Inc. have taken similar steps in recent years.

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    In the past, subscriber numbers have been wildly unpredictable, and the company has struggled to forecast them accurately. In 2022, Los Gatos, California-based Netflix said it would stop projecting quarterly customer data. The stock typically sees big swings the day after earnings reports.

    On Thursday, Netflix reported better-than-expected first-quarter results, including 9.33 million new subscribers. But the shares slumped after the company said user growth this quarter would slow and that it will stop reporting customer numbers.

    “Eliminating regular reporting of membership data raises questions around management’s confidence to further grow the base, though it is not implausible that the change is intended to reduce quarterly sentiment volatility around relatively small changes in true economic drivers,” Michael Morris, an analyst at Guggenheim Securities, wrote in a note to investors. 

    Netflix isn’t the only big tech company to pull back on disclosing some metrics in order to steer investors’ focus elsewhere. 

    In 2018, Apple said it would no longer report the number of iPhones, Macs and iPads sold each quarter, as it attempted to focus on its growing services unit. While some pundits praised the move as a way to highlight a potent new business model, others complained it was an attempt to hide the pain of a stagnant smartphone market. The shares had their worst day in four years.

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    Last quarter, Meta said it will no longer report the number of subscribers to its family of apps, which now total almost 4 billion people who use Instagram, Facebook and WhatsApp each month. The San Francisco-based company said it also won’t provide daily and monthly user numbers for its flagship Facebook app.

    Beginning this quarter, Meta will report year-over-year changes in ad impressions and the average price per ad at the regional level, while continuing to report only daily active users across its family of apps.

    “Fewer disclosures is a rite of passage for large tech companies namely Apple, Google, and Meta,” analysts at Bernstein wrote in a note. “On the other hand, removing growth disclosures signals a maturing business, and gives shareholders even fewer data points to underwrite forecasts. Time will tell how investors digest the change.”

    The good news for Netflix is that its decision, while angering some investors, is unlikely to have any impact on customers — its primary focus. 

    In 2011, the company was forced to backtrack on plans to split its mail-order DVD and internet streaming services. Customers were outraged over plans to create a separate DVD offering called Qwikster, and to pay for each service separately. The company reversed the decision three weeks later.

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    Netflix’s growth in the latest quarter was aided by a crackdown on account sharing, which pushes viewers using someone else’s password to sign up on their own at a discounted rate. The company attracted new customers from all over the world, thanks to a strong slate of original programs, showing particular strength in the US and Canada. Those new subscribers helped the company beat forecasts for sales and earnings as well.

    In explaining the decision to stop reporting subscriber numbers and average revenue per user, co-Chief Executive Officer Greg Peters said initiatives like the crackdown and a new ad-supported tier make those metrics less relevant. 

    “All of that means that historical simple math that we all did, number of members times the monthly price is increasingly less accurate in capturing the state of the business,” he said in a video interview Thursday.

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  • 2024 NFL Draft: 10 sleepers to know

    2024 NFL Draft: 10 sleepers to know


    (Photo credit: Mark J. Rebilas-USA TODAY Sports)

    The third day of the NFL draft is the spotlight moment for the hard-working area scouts and position coaches behind the curtain to celebrate the gem prospects they believe are underappreciated and acute fits for a need or the overall team culture.

    A late-round pick or a highly coveted undrafted free agent can slip through the cracks, and history shows draft position isn’t the only factor in a prospect becoming a reliable pro.

    Sometimes it’s a receiver who tested poorly but had all the intangibles, like recent rookie receiving yardage record-setter Puka Nacua (Rams).

    Sometimes it’s a quarterback without a strong arm or standout athleticism, but great decision-making and a feel for running the offense, like Brock Purdy (49ers).

    Among our favorite sleepers we project as late-round picks or undrafted free agents are these 10 names to know:

    Jaden Crumedy, DT/DE, Mississippi State

    Injuries limited Crumedy over the past couple years, but when healthy he was one of the more dynamic big men among college defensive lines. Despite being 300 pounds he regularly lined up over tackles early in his career. Clearly, the tools are present as the foundation for a great find.

    Sataoa Laumea, OG, Utah

    A college tackle who figures to kick inside as a pro, Laumea’s length, strength and tenacity fit lead to a projection of long-time starter at guard. There will be some projection involved for teams, but he could easily outplay a fourth- or fifth-round draft slot.

    Tip Reiman, TE, Illinois

    Reiman’s modest production won’t stand out amongst tight end prospects, but a blazing 4.64 40-yard dash at 6-foot-5 and 271 pounds set him apart from his peers at the position. In a tight end class lacking depth, he figures to be one of the more interesting mid rounders at the position.

    Travis Clayton, OT, Basingstoke RFC

    A former rugby player and boxer, Clayton’s special pro day gives him a legitimate chance to get picked. He ran a 4.82 40-yard dash at 6-7, 301 and has 35-inch arm length. Jake Witt was drafted in the seventh round last year with size and speed, but less length.

    Eric Watts, DE, Connecticut

    One of the freakiest height-weight-speed athletes in the draft, Watts has near 36-inch arms at 6-6, 274 and ran in the 4.6s at the NFL Scouting Combine. He’s a bit stiff with his rush and will need seasoning with his hands, but he is extremely undervalued right now given his upside.

    Bayron Matos, OT, South Florida

    A walk-on at USF who played college basketball, Matos has almost no experience and would need a long runway. His traits are drawing scouts to take a look because of a frame — 6-7, 313, 35-inch arms — and light feet indicating he’ll grow into football. Matos ran a 4.92 at his pro day.

    McKinnley Jackson, DT, Texas AM

    Testing bumped Jackson down from a likely Day Two pick into the sixth-round range. His length and strength in the run game are readymade for the next level.

    Craig Young, LB, Kansas

    Primarily a nickel defender for the Jayhawks, Young went from 215 to 225 pounds during the pre-draft process to show he could hold the weight of a true linebacker and testing indicates he maintained his athleticism. Fits for teams emphasizing hybrid versatility in the back seven such as Seattle and Baltimore.

    Chau Smith-Wade, CB, Washington State

    At a shade under 5-10 and only 184 pounds, Smith-Wade’s draft stock tanked with his 4.5 40 time as a likely nickel-only corner. His smooth movements in transition and sticky man coverage should translate.

    Jaylon Carlies, LB/S, Missouri

    Carlies should be getting more attention. He’s the ideal modern-day linebacker with height, weight, length and speed teams covet. His instincts are still in the works, but ceilings don’t get much higher for late-rounders.

    –Field Level Media

  • China science, technology news summary — April 19

    China science, technology news summary — April 19


    BEIJING, April 19 (Xinhua) — The following is a summary of published science and technology news of China.

    SHENZHOU-16 ASTRONAUTS

    Three astronauts who took part in the Shenzhou-16 crewed mission were on Thursday awarded medals for their services to China’s space endeavors.

    Jing Haipeng was honored with a special-class aerospace achievement medal. Zhu Yangzhu and Gui Haichao received third-class aerospace achievement medals and the honorary title of “Heroic Astronaut.”

    The awards were given by the Communist Party of China Central Committee, the State Council and the Central Military Commission.

    PANDA FOSSIL

    Chinese experts recently discovered a panda fossil site during a scientific expedition in a cave in southwest China’s Guizhou Province.

    This latest discovery in Shuanghe Cave, Asia’s longest cave, comprised panda skeletal remains and teeth fossils, said Wang Deyuan, an assistant researcher at Guizhou Academy of Sciences, one of the institutes involved in the scientific expedition.

    “Based on the degree of tooth wear, it can be inferred that the fossil belongs to an adult panda,” Wang said, adding that further testing is needed to determine the specific era it inhabited.

    VOLKSWAGEN ALL-ELECTRIC MODELS

    In the face of China’s rapid growth of electric mobility, Volkswagen Group is revving up its investment in the electrification shift in a bid to expand its presence in the Chinese market.

    More than 30 all-electric models of all its brands will be on offer in China alone by 2030, according to the German carmaker.

    In 2023, production and sales of new energy vehicles (NEVs) exceeded 9.58 million and 9.49 million units in China, surging 35.8 percent and 37.9 percent year on year, respectively, data from the China Association of Automobile Manufacturers showed.

  • Best credit card for American Airlines Admirals Club access: Citi AAdvantage Executive Card

    Best credit card for American Airlines Admirals Club access: Citi AAdvantage Executive Card


    Citi is a TPG advertising partner.

    For many travelers, airport lounge access is crucial as it allows a space where you can either relax before a journey or be productive and get work done.

    This is where American Admirals Club lounges come in — over 50 of them exist all over the world, and you can get access by purchasing a daypass for a fee or using AAdvantage miles.

    However, the best way to access Admirals Clubs is through one specific credit card: the Citi® / AAdvantage® Executive World Elite Mastercard® (see rates and fees) — which is the only card that can get you into Admirals Clubs. While it does come with a $595 annual fee, the exclusive lounge access might make it worth adding to your wallet.

    In fact, managing editor Matt Moffitt’s main reason for opening the Citi AAdvantage Executive card was for Admirals Club access.

    Related reading: The ultimate guide to Admirals Club access

    Why this card is a winner

    If you can’t get access to an Admiral Club from elite status or the class of service you’re flying, one option is to purchase a membership. Here is annual pricing broken down by AAdvantage level:

    AA.COM

    Related reading: Full review of the Citi/AAdvantage Executive World Elite Mastercard

    1. Cheaper than paying for an Admirals Club membership

    However, the best way to guarantee entry into Admirals Clubs is to have the Citi AAdvantage Executive card. You’d actually save money by having the card versus paying for any of the membership options.

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    For instance, say you were considering purchasing an Admirals Club membership as a general AAdvantage member (no elite status). Instead of paying $850 for access per year, you’d be better off applying for the Citi Executive card and paying the $595 annual fee per year, plus getting other credit card-specific perks.

    THE POINTS GUY

    The card currently offers a sign-up bonus of 70,000 AAdvantage miles after you spend $7,000 in purchases within the first three months of account opening, worth $1,106, based on TPG’s most recent valuations.

    Related reading: American Airlines joins Delta and United in extending elite status and more

    2. Authorized user access

    The Citi AAdvantage Executive World Elite Mastercard allows you to add up to 3 authorized users for $175, then $175 for each additional authorized user. Authorized users can also access Admirals Clubs.

    This applies whether the primary cardholder is flying with that person or not, a fantastic perk that is notably different from similar premium cards offered by other U.S. carriers.

    Note that while primary cardholders have access to all Admirals Clubs (over 50 worldwide) and partner lounges (about 60 worldwide), authorized users only get access to American Admirals Clubs. However, both the primary cardholder and each authorized user can bring immediate family members or up to two traveling guests into the lounge.

    Related reading: The best credit cards for airport lounge access

    3. Other Citi Executive card perks

    With this Citi card, you’ll also earn 10 miles per dollar on eligible hotels booked through aa.com/hotels and eligible car rentals booked through aa.com/cars.

    In addition, cardholders earn 4 miles per dollar on eligible American Airlines purchases, up to $120 in statement credit for eligible Grubhub purchases (up to $10 per month) and up to $120 statement credit on Avis or Budget car rentals each calendar year.

    The card comes with Group 4 priority boarding and your first checked bag free on domestic American Airlines itineraries for you and up to eight companions on the same reservation.

    ZACH GRIFF/THE POINTS GUY

    In addition, like a lot of other premium cards, this one also offers a Global Entry or TSA PreCheck application fee credit. You’ll get up to a $100 statement credit once every four years to reimburse your application fee.

    Related reading: Battle of the premium travel rewards cards: Which is the best?

    Admirals Club restrictions

    American Airlines requires a same-day boarding pass for American or one of its partners to access an Admirals Club lounge before or after a flight. While this move is said to reduce overcrowding in the lounges, it’s undeniably a devaluation for elite members and paying customers alike.

    ZACH GRIFF/THE POINTS GUY

    This new rule was instituted regardless of how you earned access — whether through a credit card or paid outright for an annual membership. That means you’re not disadvantaged with this Citi AAdvantage Executive card over other club members.

    Related reading: AA, Delta and United lounges have limited access to customers flying with them: Here’s what to do

    Bottom line

    The Citi AAdvantage Executive card is unique in that you can spread the benefit of the annual fee with friends and family in a way that you can’t do with just an Admirals Club membership by adding authorized users and paying a moderate fee.

    As a frequent AA or Oneworld alliance flyer, this is the best card for Admirals Club access in addition to many other perks such as statement credits, Loyalty Point bonuses, and decent earning rates.


    Apply here: Citi / AAdvantage Executive World Elite Mastercard


  • CPABC: Prince Rupert housing starts accelerate in 2023 as major project activity falls in Northwest B.C.

    CPABC: Prince Rupert housing starts accelerate in 2023 as major project activity falls in Northwest B.C.


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    SMITHERS, British Columbia, April 18, 2024 (GLOBE NEWSWIRE) — According to BC Check-Up: Invest, an annual report by the Chartered Professional Accountants of British Columbia (CPABC) on investment trends across the province, there were 159 housing units that started construction in Northwest B.C.’s two largest municipalities in 2023, more than double the number of units started one year earlier.

    “New housing investment really accelerated in 2023, particularly in Prince Rupert,” said Jeanne MacNeil, CPA, CA, partner at Edmison Mehr Chartered Professional Accountants. “The increase in new activity was from more multi-unit projects breaking ground.”

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    Of the total 159 housing units that began construction in 2023, 94 were in Prince Rupert and 65 were in Terrace. More than three quarters (77.4%) of starts across the region were attached units, such as apartments and row housing.

    Meanwhile, the total value of all major projects that were proposed, under construction, and on hold in Northwest B.C. was $125.6 billion in Q3 2023, down $42.2 billion, or 25.2% per cent compared to Q3 2022. The decline was mostly due to the removal of two multibillion-dollar projects that are presumed to be no longer moving forward.

    There were 16 projects under construction across the region, with a total estimated cost of $39.5 billion. The LNG Canada Facility ($36 billion) in Kitimat was the largest project underway, and construction on Phase 1 was approximately 85% complete as of December 2023. The value of proposed projects totaled $71.6 billion, spread across 41 proposals.

    “The region has benefited greatly from a number of large industrial projects, but the fall in inventory value serves as a reminder that a lot needs to go right to get these projects off the ground, let alone completed. Financial viability, and navigating the regulatory environment can be challenges,” concluded MacNeil. “The projects that are going to be most successful are the ones that prioritize First Nations and local partnerships, and ensure local communities reap the rewards of these natural resource projects.”

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    To learn more, see www.bccheckup.com.

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    About CPA British Columbia
    The Chartered Professional Accountants of British Columbia (CPABC) is the training, governing, and regulatory body for over 40,000 CPA members and 6,000 CPA students. CPABC carries out its primary mission to protect the public by enforcing the highest professional and ethical standards and contributing to the advancement of public policy. CPAs are recognized internationally for bringing superior financial expertise, strategic thinking, business insight, and leadership to organizations.

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