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Credit rating agency flags concerns over rising debt and weakening fiscal strength
The downgrade of Thailand's economic outlook from stable to negative for the first time in nearly 17 years is a matter that cannot be overlooked
especially given the significantly reduced fiscal space
Last week, unwelcome news impacting the Thai economy undoubtedly revolved around Moody's Ratings, formerly known as Moody's Investors Service, one of the world's oldest and most influential credit rating agencies.
The agency announced a downgrade of the "outlook" on Thailand's credit rating from "Stable" to "Negative." This marks the first time in nearly 17 years that the outlook has been lowered to "Negative."
Although this adjustment does not yet constitute a downgrade of Thailand's credit rating itself, the shift in outlook to negative serves as an economic warning that Thailand cannot afford to disregard. This is particularly true as Moody's explicitly stated that the change in outlook stems from a significant concern:
"Thailand faces a risk that its economic and fiscal strength will weaken."
Data from Kasikorn Research Center (KResearch) indicates that while Thailand has experienced negative credit rating outlook adjustments before, this instance differs from previous ones because past crises occurred when Thailand's public debt-to-GDP ratio was still relatively low.
The Thai government's economic stimulus measures in 2008-2009 led to a significant increase in the fiscal deficit. However, Thailand's public debt only rose from 35.0% of GDP in September 2008 to 39.3% of GDP in October 2010, an increase of just 4.3%.
In contrast, the latest data from the Public Debt Management Office (PDMO) shows that Thailand's public debt currently stands at 64.21% of GDP, a significantly higher level than before and rapidly approaching the debt ceiling of 70%.
Therefore, Moody's downgrade of our outlook is not solely due to an impending crisis stemming from reciprocal tariffs imposed by US President Donald Trump, as the government might suggest.
The higher public debt leaves us with very little "fiscal space" to absorb a new crisis compared to previous times, a problem that individuals within the government are still not being entirely truthful about.
Therefore, instead of criticizing the credit rating agency for being too early or too late in their rating or outlook assessment of our economy, the government should heed the weaknesses in the Thai economy that Moody's has warned about, acknowledging the economic vulnerabilities and risks. They should then work to improve and resolve these issues, developing a plan to strengthen the economic structure.
This includes refraining from short-term populist policies like cash handouts and instead focusing on making the Thai economy grow and be competitive in the long term.
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attended Eastern Kentucky University where he earned his Bachelor’s and Master’s degrees in Political Science
He then attended the University of Michigan where he earned a Master of Arts in Social Work
VA where he began a lifelong career in public service
He spent 7 years with Middlesex County Child Protection Services
served as a Counselor at the Department of Corrections Unit 17 in Warsaw
and then finished his service with the VA Probation and Parole District 1 in Richmond where he retired in 2014
Music played a big part of John’s life as he played the trumpet
as well as sang with and directed his church choir
He is survived by his loving and devoted wife of 44 years
Details of John’s Memorial Service will be finalized in the near future
The family would like to extend a special thank you to Tiffany
for showing John compassion and care over the last months of his life
donations may be made in John’s memory to Hospice of Virginia
the Children’s Hospital of Richmond at VCU
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There’s few better players to select a Team of their Lives than the most decorated player in the history of British and Irish Rugby- former Leicester Tigers
We have partnered with eToro
the official investing and trading partner of Premiership Rugby
in which a famous face from the world of rugby recalls an ultimate XV
Moody’s silverware includes a World Cup, seven Premiership titles, two Champions Cups and three Six Nations championships. He also skippered his country on 12 occasions and was a Test Lion in 2005
leaving all-action openside with a bulging cabinet trophy
“It would have been so easy to have stuck to form and built my team around Leicester Tigers
but I made a conscious effort to include just a handful of those lads I spent so much time with,” Moody quipped
it’s purely a bit of subjective fun and I reckon I’ll kick myself for leaving the odd one out here or there
but this is the best XV I reckon I’d want to play for my life against Mars or Jupiter!”
15 Geordan Murphy (Ireland and Leicester Tigers): My best mate
a genius of a player and a Welford Road favourite
he was the finest counterattacking full-back around and I’ve spent so much time in his company- from sharing a flat together to British and Irish Lions tours
14 Rory Underwood (England and Leicester Tigers): Rory was an athletic freak even in the amateur days
I played his last two seasons at Tigers and his professionalism and focus were things I aspired to reach
He set the standards of that crossover era and there’s still no wing in the English game that’s match his record at Test level
13 Brian O’Driscoll (Leinster and Ireland): Drico was my Lions skipper in 2005 and the influence he had
There’s few backs that back rows worry about in terms of ruck and breakdown work
but Brian was so good over the ball that we’d single him out as a threat every time we faced him at test level
12 Ma’a Nonu (Hurricanes, Highlanders, Blues, Toulon and New Zealand): I played some eight years against Ma’a at Test level and he was always a threat
He evolved his game effortlessly too – from a banging crash merchant to a truly brilliant all-round centre
One thing that I will share- when he put the black anti-reflection eye cream on in a Test
one of our lads nicknamed him “Ma’aScara”- which amused me hugely
11 Alesana Tuilagi (Leicester Tigers and Samoa): The biggest and strongest human in the world
One of my poorer decisions at Test level was picking a fight with him in 2004 at Twickenham after he tackled Mark Cueto in the air
I reckon I landed one slap on his bone-like head
which he repaid with about 10 right on the end of my nose
It wasn’t even a split decision and he even won the sledging battle as we both were sent off
Racing92 and New Zealand): Carter was so good that at times you felt powerless as a seven trying to shut him down
He had so many weapons in his armoury that any question you posed of him would be answered fluently and brilliantly
That 2005 Lions series elevated him to greatness and I was the openside trying to defend against his genius
Toulon and Australia): I played against George so many times and he was always a difficult and abrasive opponent- one of those scrum-halves that has huge variety in his game
but had the pass and gas to ignite any backline
he also delivered the greatest sledge in rugby – “Four more years
8 Abdel Benazzi (Agen and France): Abdel just crossed with my early career years
but his sheer size and brutal physicality made a massive impression upon me
He was the definition of an emotion player and if he got on his emotional upslope
Crusaders and New Zealand): The benchmark of opensides and a man who I faced many times in the Test arena
His superpower was his intuition on playing on the edge of offside and breakdown laws
but when you watched the tape back you realised his timing was simply unbelievable
6 Thierry Dusautoir (Toulouse and France): If Richie was the best flank I played against
Nails in defence- a tackling machine- and much underrated with ball in hand
A complete backrower and someone I relished facing
Toulon and South Africa): An artist of lineouts and a very skilled man with ball in hand who was almost like a fourth flanker for the Boks
The number of times he’d make the extra man around the 13 channel showed his rugby IQ
4 Martin Johnson (Leicester Tigers and England): The man with the monobrow is the single biggest influence on my career other than my late Dad
His leadership of the Lions and England set the blueprint for the professional era
3 Julian White (Leicester Tigers and England): He did one job
An absolute monster of a scrummager who minced any loosehead in his path
and wonderfully old school in his approach to the game
2 Steve Thompson (Northampton Saints and England): I am not sure we celebrate Thommo in the way we should
He was the best hooker in the world for a long period- a massive man even by modern standards- who combined great tight work with thundering carries around the park
1 Os du Randt (Cheetahs and South Africa): Whilst clearly a top scrummager
Os’s superpowers were his work-rate around the ruck and his huge tackle count
He was tireless around the pitch and had an amazing engine for a man of some 140kg
Lewis Moody’s Team of My Life is brought to you by eToro
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Simon Shaw’s Team of My Life: All Blacks great ‘sneaks in’ over Richie McCaw as ‘special player’ completes Springboks engine room
Our Team of My Life series continues with former England and London Irish wing Topsy Ojo joining us to pick his Dream XV that he shared a pitch with
Brian O'Driscoll believes that the fiasco at Thomond Park was 'quite embarrassing' for the URC
Ex-Ireland star expects Leinster to continue their Champions Cup dominance this season
Rice University will break ground on the Moody Center Complex for Student Life at 3 p.m
marking a transformative moment for the university’s commitment to student engagement
Made possible by generous gifts from the Moody Foundation and the Brown Foundation
the 75,000-square-foot facility will be constructed to serve as a dynamic hub for student activities
supporting connection and interaction among Rice students and the broader community
To be located on the south side of the Central Quadrangle
the new facility will complement the Rice Memorial Center and Ley Student Center
which will undergo renovations after the completion of the new building
creating a cohesive student center complex called the Moody Center Complex for Student Life
What: Groundbreaking ceremony for Moody Center Complex for Student Life
Who: Rice President Reginald DesRoches; Robert T
chairman of the Rice Board of Trustees; Elle Moody
trustee of both the Moody Foundation and Rice; Isabel Lummis
president of the Brown Foundation; Bridget Gorman
dean of graduate and postdoctoral studies; Trevor Tobey
president of the Rice Student Association; and other university and foundation leaders
The new facility will support the growing student population at Rice
Rice had about 4,000 undergraduate students and set a goal to increase that number to 4,800
aiming for approximately 5,200 undergraduates by 2028 — a 30% increase since 2020
is also expected to grow significantly along with an increase in faculty
Rice anticipates a total enrollment of around 9,500 students
Designed by award-winning architecture firm Olson Kundig with Page as the executive architect
the new building is scheduled for completion in fall 2027
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1964 in Caldwell County to the late Wain and Nancy Barnett Cole
and grandmother who will surely be missed by all who knew her
Left to cherish her memory are her children
There will be no formal services at the funeral home
Moody's assigns to Trinity Capital an investment grade long-term issuer rating of Baa3 with a stable outlook
PHOENIX, May 5, 2025 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity Capital" or "the Company")
is pleased to announce that Moody's Investors Services
("Moody's") has assigned to the Company a new investment grade long-term issuer rating of Baa3 with a stable outlook
Factors cited by Moody's in initiating its rating include Trinity Capital's investment expertise
growing performance record since inception
relatively low reliance on secured funding sources
Moody's also noted Trinity Capital's increased scale and business diversification in recent years
in part through the launch of new business verticals focused on life sciences
which are complementary to its historical strengths in technology lending and equipment finance
"We are extremely pleased that Moody's has initiated coverage of Trinity Capital with a Baa3 investment grade rating," said Michael Testa
"We believe this rating affirms the strength of the platform we're building and should allow us to obtain capital at more advantageous rates and from a larger pool of investors."
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995
Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties
Actual results may differ materially from those in the forward-looking statements as a result of a number of factors
including those described from time to time in filings with the Securities and Exchange Commission ("SEC")
The Company undertakes no duty to update any forward-looking statement made herein
All forward-looking statements speak only as of the date of this press release
More information on risks and other potential factors that could affect the Company's financial results
including important factors that could cause actual results to differ materially from plans
is included in the Company's filings with the SEC
including in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the Company's most recently filed annual report on Form 10-K and subsequent SEC filings
today announced a portfolio update for the first quarter of ..
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Japan’s brokerage hacks highlight risks: Moody’s
Surge in account breaches prompt dealers to tighten account security
Retail brokerage account hacks have soared this year in Japan
prompting most firms to introduce multi-factor authentication requirements to guard against the growing threat — and
highlighting the industry’s vulnerability to reputational risks
Citing data from Japan’s Financial Services Agency (FSA)
the country’s securities firms faced at least 1,454 cases of account hacking
which cost around ¥100 billion (US$700 million)
These breaches typically involve phishing attacks that aim to steal investors’ usernames and passwords using fake websites that emulate real brokerage firms’ sites
The hackers then use stolen credentials to access investors’ accounts and liquidate their holdings
using the proceeds to purchase other stocks to be used in market manipulations
“Hackers make a profit by driving up the price of the stock through fraudulent transactions and selling that stock using other accounts they control
Hacked accounts are likely ultimately left with losses as the stocks they are used to purchase decrease in value,” Moody’s noted
most firms that offer online trading are now implementing mandatory multi-factor authentication (MFA) to guard against these kinds of attacks
MFA has proven very effective against these kinds of attacks
but it hasn’t been universally adopted for several reasons
including “potentially complex implementation
compatibility issues with older company networks and users finding MFA inconvenient,” it said
as firms beef up their systems and enhance risk management — in addition to the potential compensation they have to pay for customer losses
“While the move to introduce mandatory MFA for retail transactions will mitigate cyber risks
the recent breaches nevertheless highlight securities firms’ high exposure to customer relations risks,” the report noted
The attacks also “also threaten to undermine government initiatives” such as a new tax-assisted retirement savings program that has “driven a surge in nationwide investment activity,” Moody’s added
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Pakistan carried out a second missile test in three days on Monday after saying it was preparing for an incursion by India
as Prime Minister Moody warned the standoff over violence in Kashmir could set back Islamabad's economic reforms
Relations between the nuclear-armed neighbours have nosedived since gunmen killed 26 people on April 22 in an attack targeting Hindu tourists in Indian Kashmir
the worst such assault on civilians in India in nearly two decades
Islamabad has denied the allegations but said it has intelligence that New Delhi intends to launch military action against it soon
Moody's said the standoff could hurt Pakistan's $350 billion economy
which is on a path to recovery after securing a $7 billion bailout program from the International Monetary Fund last year and staving off a default threat
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the market has been marked by a low firing
low hiring trend that can’t last forever,” one economist said
Total nonfarm payroll rose by 177,000 jobs in April, and unemployment hovered at 4.2% — an announcement that surprised economists amid news that the U.S. GDP shrunk for the first time in three years
“The key question now: Is this the last ‘before’ jobs report?” Appcast Economist Sam Kuhn said in a statement
“Will a contracting economy bleed into a weaker labor market?”
called this report “the benchmark against which we’ll measure the tariff impacts,” in part because employers may still be riding the inventory buildup that occurred before tariffs went into effect
Even May might be too early for results to show
economy can’t run on uncertainty for much longer
Indeed Hiring Lab economist Cory Stahle predicted
Business and consumer confidence both seem to be souring
and though the data has yet to really reflect the “whipsaw movements” in the stock market
low hiring trend that can’t last forever — sooner or later
That something may very easily be worker burnout
While the labor market has remained strong
job hunters may have difficulty finding a job right now
Employers generally seem to be holding off on investing in hiring
afraid to put themselves in a bad position should growth return later in the year
“This is reinforcing the dynamic where teams are expected to make do with fewer resources
and job seekers have more competition than they have had for most of the last decade landing a new job,” Fisher said
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some of the country’s largest companies announced changes to their human resources leadership slate
passed an ordinance prohibiting pay history questions with limited exceptions
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went to Heaven to be with his Lord and Savior Jesus Christ on Friday
He was born in Patrick County on November 11
to the late Marshall Jefferson Chaney and Dorothy Clark Chaney
He was a longtime member of Goodwill Baptist Church
He retired with over 40 years of service with Fieldcrest Mills
He enjoyed hunting and fishing and dearly loved his family
Janet Bishop (Pastor David) of Patrick Springs; a son
Steve Chaney (Tammy) of Bassett; three grandchildren
and Kevin Chaney (Ashley); four great-grandchildren
Lois Triplett (Bobby) and Rebecca Mabe (Doyle) all of Bassett; numerous nieces and nephews; and his beloved dog
Burial will follow in the Cassell Family Cemetery in Patrick Springs
The Patrick County Veterans Memorial Honor Guard will provide military rites
The family will receive friends Sunday evening from 5:00 p.m
Moody Funeral Home in Stuart is handling the arrangements
and online condolences may be sent by visiting www.moodyfuneralservices.com
Enter your phone number above to have directions sent via text
she was the daughter of the late Earnest and Rosabell Fields
She was also preceded in death by her husband
Herbert "Ronnie" Moody; daughter
Rosa was a dedicated mother and grandmother
an active member of Mount Poole Baptist Church in Ford
and an avid supporter of numerous charities
She was a Certified Nursing Assistant who retired after many years of working with the State of Virginia
and Tomeika Moody Fox (Jermaine); grandchildren
and Joseph "Buck" Fields (Bertha); sisters
Lillie Mae Holcomb and Ernestine Manley (Jake); brothers-in-law
A memorial service will be held at 2:00 p.m.
Rosa was passionate about supporting wounded U.S
donations may be made to the Wounded Warrior Project
Home » General » Business » Moody’s contrasts India’s stable economy with cash-strapped Pakistan’s as tensions rise
May 5 (SocialNews.XYZ) Global ratings agency Moody's on Monday said it sees India's macroeconomic conditions as remaining stable even if tensions with Pakistan rise after the horrific terror attack at Pahalgam in which 26 civilians were shot dead
sustained escalation in tensions with India would likely hit Pakistan’s economy and hamper the government’s ongoing fiscal consolidation goals
The report points out that amid heightened geopolitical posturing
further flare-ups could impair access to external financing and put additional pressure on Pakistan’s foreign-exchange reserves
remain far below what is required to meet external debt obligations in the coming years
remain stable due to strong public investment and resilient private consumption
despite the possibility of higher defence spending slowing its fiscal consolidation
the macroeconomic conditions in India would be stable
bolstered by moderating but still high levels of growth amid strong public investment and healthy private consumption
“In a scenario of sustained escalation in localised tensions
we do not expect major disruptions to India's economic activity because it has minimal economic relations with Pakistan (less than 0.5 per cent of India's total exports in 2024)
higher defence spending would potentially weigh on India's fiscal strength and slow its fiscal consolidation," the report states
is confronted by a precarious situation on the economic front
The country was on the brink of sovereign default in 2023
and had to be bailed out by a $3 billion IMF loan
The country is still critically dependent on this financial lifeline and is desperately trying to raise another $1.3 billion climate resilience loan
Moody's expects periodic India-Pakistan flare-ups but does not see this escalating into a broader military conflict
"Our geopolitical risk assessment for Pakistan and India accounts for persistent tensions
We assume that flare-ups will occur periodically
as they have throughout the two sovereigns' post-independence history
but that they will not lead to an outright
He is the editor of SocialNews.XYZ and President of AGK Fire Inc
developing mobile applications and publishing news articles on current events from various authenticated news sources
When it comes to writing he likes to write about current world politics and Indian Movies
His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any
John Lodge has announced new tour dates for the summer of 2025
The former Moody Blues singer will take his Singer in a Rock and Roll Band tour on the road for shows in July and August
His previous tour, which ended its U.S. dates in March, focused on the band's classic 1967 Day of Future Passed. He performed the entire album and other songs from the group's catalog at all shows
The upcoming concerts promise songs from all of the group's LPs
READ MORE: The Best Albums by Prog's 15 Biggest Artists
The Days of Future Passed tour ran in 2024 and earlier this year; after performing the final dates
Lodge revisited the Moody Blues' catalog and chose songs he'd always loved to perform
According to a press release announcing the new tour
the Singer in a Rock and Roll Band run will "feature songs from the core seven albums": Days of Future Passed
To Our Children's Children's Children (1969)
Every Good Boy Deserves Favour (1971) and Seventh Sojourn (1972)
Songs from 1978's Octave and 1981's Long Distance Voyager will also be performed
"It's been an absolute pleasure performing Days in its entirety over the last couple of years
but I'm so excited about our new show," Lodge said
"There are a few songs I've not performed before that I've wanted to do for a long time
and many of our classic songs seem to have taken on a new meaning following health challenges
so I hope everyone will enjoy continuing on this journey with me."
Lodge had a stroke in late 2023 but was back on the road by the middle of 2024 with the Days of Future Passed tour
and I just love to share this music with the fans," he noted
and I love what we’ve shared over so many decades
and spends the next three weeks winding through the country with stops in Bethlehem
The current dates wrap up with a show on Aug
You can see all of the scheduled dates below
More information about the concerts and tickets can be found on Lodge's website
Lodge's former Moody Blues bandmate Justin Hayward is also on the road with a new tour
The Blue World Tour is currently scheduled to run through May 20
PA (on Sale May 2nd)July 26 Lynn Auditorium
Gallery Credit: Ryan Reed
Singer in a Rock and Roll Band shows will focus on songs from all the band's classic albums.\nRead More
John Lodge has announced new tour dates for the summer of 2025
The former Moody Blues singer will take his Singer in a Rock and Roll Band tour on the road for shows in July and August
His previous tour, which ended its U.S. dates in March, focused on the band's classic 1967 Day of Future Passed. He performed the entire album and other songs from the group's catalog at all shows
READ MORE: The Best Albums by Prog's 15 Biggest Artists
More information about the concerts and tickets can be found on Lodge's website
Lodge's former Moody Blues bandmate Justin Hayward is also on the road with a new tour. The Blue World Tour is currently scheduled to run through May 20.
John Lodge 2025 U.S. TourJuly 19 The Vogel, Red Bank, NJJuly 20 Newton Theatre, Newton, NJJuly 23 Scottish Rite Auditorium, Collingswood, NJJuly 24 Wind Creek Casino, Bethlehem, PA (on Sale May 2nd)July 26 Lynn Auditorium, Lynn, MAJuly 27 Infinity Hall, Hartford, CTJuly 29 Flying Monkey, Plymouth, NHJuly 30 JPT Film & Event Center, Newport, RIAug 1 MCL Pavilion, Newport, KYAug 2 Agora, Cleveland, OHAug 6 Arcada Theatre, St. Charles, ILAug 7 Des Plaines Theater, Des Plaines, IL
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
a Lutheran school in Indiana struggling to enroll more students
was downgraded two notches to junk by Moody’s Ratings
The downgrade could raise the school’s borrowing costs
As President Donald Trump’s mass deportation agenda turns into rapid action in Florida communities
Democrats in the state’s congressional delegation are furious over the impact on constituents’ lives
a Florida lawmaker is demanding answers about whether the actions of Immigration and Customs Enforcement (ICE) in the state ended one immigrant’s life
she had been moved through at least three different ICE facilities in a span of just over two months — from initial apprehension in the U.S
then to Richwood Correctional Center in Louisiana
and finally to the Broward Transitional Center,” the letter reads
“The federal government holds a solemn responsibility to ensure the safety and well-being of all individuals in its custody
Blaise’s death raise serious questions about the quality of medical care provided during her detention
as well as the toll such frequent transfers may have taken on her physical and mental health.”
Every Democrat in Florida’s congressional delegation co-signed the letter
which calls for an audit of the Broward Transitional Center and assessing conditions for other detainees
visited the Broward County ICE facility Friday morning and demanded answers about Blaise’s treatment there
Kathy Castor voiced anger after the deportation of a Cuban woman from Tampa
She wrote a letter to Trump after ICE sent Heidy Sánchez to the communist nation
separating the mother from her 17-month-old
“It is unconscionable and wrong for your ICE personnel to harm families in this way
citizens) deserve to be treated with the dignity we value as Americans,” wrote Castor
advised me that the separation of mother and daughter was so sudden and traumatic that their infant daughter was taken to the hospital
The baby was still breastfeeding at the time your administration tore them apart
and the baby’s ongoing health issues require her mother’s return to the U.S
was complying with the Immigration and Customs Enforcement request to regularly check in at the local Tampa office.”
But Republicans want to step up the removal of undocumented migrants in the state
which allow local law enforcement to enforce federal statutes
“After four years of disastrous border and immigration policies under the former Biden administration
the American people overwhelmingly entrusted President Trump to secure our border and protect the American homeland from the violence that criminal illegal aliens have brought to our country,” Steube said
“This is not just a duty for our law enforcement and Border Patrol partners at the southern and northern borders
but for every single law enforcement agency in Florida and the United States.”
Steube said illegal immigration poses a safety concern, pointing to the recent arrest in Punta Gorda of an undocumented Mexican man on charges of raping a 13-year-old
One former Florida congressional delegation member rode a roller coaster of headlines Thursday
Sources in the White House reported early Thursday that National Security Adviser Mike Waltz and key staff around him had been ousted from their roles with the National Security Council
who resigned his seat in Congress in January
appeared out of a job after giving up elected office
But before the close of the business day, Trump offered Waltz a new, arguably more prominent position as U.S. Ambassador to the United Nations
“From his time in uniform on the battlefield
Mike Waltz has worked hard to put our Nation’s Interests first,” Trump posted on Truth Social
“I know he will do the same in his new role.”
Waltz still had not updated his social media bio but had publicly acknowledged the change in position
“I’m deeply honored to continue my service to President Trump and our great nation,” he posted on X
But the announcement also opens Waltz to more scrutiny
While Waltz did not need to go through Senate confirmation to become National Security Adviser
all Ambassador appointments run through Congress
The scandal that spotlighted Waltz during the last two months will likely provide fodder for Democrats during hearings
That fueled speculation for weeks afterward that Waltz could be fired
Trump still wants Waltz serving the administration in some capacity
Waltz’s move from Washington to New York means another administration member from Florida moves into yet another duty
Trump announced that Secretary of State Marco Rubio will serve as interim National Security Adviser
That’s on top of his work as acting administrator for the U.S
Agency for International Development and as the acting archivist for the National Archives; his leading role is heading the State Department
Rubio also left a job in Congress, in his case, a Senate seat for which he won election to a third term in 2022
he holds sweeping influence over foreign policy from a diplomatic and national security perspective while controlling all foreign aid
The Naples Republican filed the bipartisan Country of Origin Labeling Online (COOL) Online Act with Sen
The legislation would require online retailers to clearly disclose the country of origin for any product sold and the seller’s location
it is clear that the United States’ businesses are competing against adversaries like Communist China that will do everything in its power to destroy the American economy
I have pushed legislation including the COOL Online Act to require online retailers to list the country of origin for every product they sell because Americans have every right to know where products are being made and where their dollars are going — and whether that means funding an adversarial regime or supporting American businesses.”
Of note, Scott just voted to uphold tariffs Trump has threatened on trade from most nations
including massive levies on goods from China
Florida’s senior Senator has regularly questioned the reliance of U.S
and said he supports the administration’s economic policies
“I’m glad to see President Trump is standing strong against Communist China and fighting for American jobs
and American families and businesses want to do their part by buying American
“It’s time to pass the COOL Online Act to bring more transparency for consumers as they make decisions for themselves and their families.”
but has backed better education on imports for the public
Americans have the right to know if the product they are purchasing was made in America or a foreign country,” she said
As national media looked back at the first 100 days of the Trump administration, Sen. Ashley Moody, the Senate’s junior-most member
also marked the first 100 days of her own time as a Senator
The Plant City Republican released a video looking back at the period since Gov. Ron DeSantis appointed her to succeed Rubio in the Senate
Set to audio of Vice President JD Vance administering the oath of office
the clip shows footage from town halls and news conferences she held on to the fight against fentanyl
and we’re just getting started,” a caption reads to end the video
When he still served as Florida’s Fire Marshal, Rep. Jimmy Patronis sounded alarms on the risks from electric vehicles left in flooded areas after hurricanes
The Fort Walton Beach Republican voted this week for legislation directing the promulgation of consumer standards for lithium-ion batteries
with a focus on micromobility devices like scooters and electric bikes
He said that it should be the start of better regulation of electric cells in vehicles
“We learn something from every major storm
Hurricane Ian taught us just how dangerous vehicles and personal devices powered by lithium-ion batteries were when submersed in saltwater due to storm surge,” Patronis said
“It became apparent that these batteries could be hazardous to Florida consumers and presented a real danger to our first responders who work these fires
When I served as Florida’s CFO and State Fire Marshal
I was proud to champion fire safety protections and made sure we deployed every tool in the toolbox to develop new rules to prevent lithium-ion battery fires.”
The Setting Consumer Standards for Lithium-Ion Batteries Act (HR 973) passed on a 365-42 vote
“If this common-sense measure passes the Senate
it will establish new safety standards for lithium-ion batteries and protect consumers and small-business owners who rely on devices
“The bill would also assist first responders
Congress has taken a large step in a bipartisan fashion toward protecting American consumers
Florida lawmakers say the IRS needs to treat spaceports with the same economic respect as other government authorities
Rep. Neal Dunn, a Panama City Republican, introduced the bipartisan Secure U.S. Leadership in Space Act in the House with Rep
The legislation would allow space facilities to qualify for municipal bonds
“The United States must invest heavily in its space infrastructure to maintain our economic dominance and national security interests in space,” Dunn said
“Florida communities are eager to expand investments in space infrastructure
and Congress must be willing to facilitate these efforts
This bipartisan legislation will help secure our commercial and defense interests while paving the way for American dominance in space.”
Moody said public-private partnerships at launch sites will benefit from the legislation if it becomes law
“I have seen firsthand how public and private entities can come together to make great strides in innovation on Florida’s Space Coast,” Moody said
“It is vital to incentivize these partnerships and ensure the U.S
remains at the forefront of the space industry to not only build upon Florida’s economic successes but protect national security interests as well
I am thankful for my colleagues who have joined me in introducing this important legislation and look forward to bolstering Florida’s position as the leader of space exploration.”
Space industry leaders in Florida quickly endorsed the bill
calling it a game-changer for American space infrastructure
“By giving spaceports access to tax-exempt financing, just like our airports and seaports, we’re unlocking private capital to accelerate infrastructure upgrades for our economy and national security,” said Ron Long, President and CEO of Space Florida
“This isn’t just about competition in the space economy — it’s ensuring America
Randy Fine served in the Florida Legislature before his recent election to Congress
he’s bringing a former Statehouse colleague to the nation’s capital
The Northeast Florida Republican hired former Florida House member Jason Fischer as his Chief of Staff
I am incredibly lucky to have a secret weapon as my Chief of Staff
“The only better experience than one legislator is two.”
Once felons finish serving their time, Rep. Laurel Lee wants them to become productive members of society. The Thonotosassa Republican this week filed the Fresh Start Act
and educational resources for returning citizens
“People who have worked to turn their lives around after a criminal conviction deserve the opportunity to move forward
not be held back by administrative barriers,” said Lee
nearly one-third of Americans have a criminal record that can prevent them from getting a job
or pursuing education — even when they qualify for record-sealing or expungement
The Fresh Start Act of 2025 modernizes and streamlines these processes for states
helping more individuals access the opportunities they’ve earned
I look forward to seeing my colleagues come together to pass this important legislation and ensure that everyone who deserves a second chance has the opportunity to build a better future.”
the proposed legislation would allow states that don’t already have automatic record-sealing and expungement laws to apply for federal help to conduct the processes
That builds on efforts already in place in California and 11 other states to enact “Clean Slate” policies
Florida is not among those with such a program
Such policies make criminal records private without any action by the individual once they complete all sentencing requirements
“The Fresh Start Act recognizes what we’ve seen on the ground: Clean Slate has the power to change lives,” said Sheena Meade, CEO of The Clean Slate Initiative
“This legislation is an essential component of modernizing state infrastructure
making sure federal support is spent on common-sense solutions that are serious about safety and benefit communities across the country
A fresh start should be more than a promise; it should be a reality
“Wild horses are a beloved symbol of the American spirit and deserve our protection,” the Longboat Key Republican said
“Secretary Burgum’s experience and appreciation for our Western landscapes and wild horses make him the right person to lead these common sense reforms to safeguard these beautiful creatures
we can move toward a more humane and fiscally responsible future for America’s wild horses and burros.”
Buchanan serves as Co-Chair of the Animal Protection Caucus
who said fertility controls were both humane and reversible
The letter said implementation could result in millions in savings just by reducing holding costs for the agency
The Anti-Defamation League last year alleged in a report that Wikipedia editors made numerous antisemitic changes
particularly to entries about the Israel-Hamas conflict in the wake of the Oct
wants answers from the publisher of the community-sourced platform
“Evidence points to a startling lack of enforcement of Wikipedia’s most basic rules and editorial safeguards
Given the immense influence that Wikipedia articles have over our online and real-life global conversations
far more editorial responsibility and transparency are needed
She led a letter with Rep
asking Wikimedia Foundation CEO Maryana Iskander what is being done to enforce the online encyclopedia’s own rules against pro-terrorist content and anti-Jewish hate
“One particularly egregious example of this manipulation involves distorting history with an aim to hide certain groups’ and figures’ support for terrorism and violence,” the letter reads
“Editors have deliberately removed evidence of public figures’ support of political violence and overt antisemitism
as well as erasing references across multiple articles that document terrorist violence
This is especially evident on Wikipedia’s entry for Hamas
where significant edits have downplayed and de-emphasized the organization’s terror activities.”
The letter notes that a board of senior editors banned eight individuals from making changes to articles related to the conflict in Israel last year
“My hope is that our bipartisan questions and concerns can curb a suspected coordinated campaign to manipulate Wikipedia content that drives antisemitic content and biases,” Wasserman Schultz said
May 2, 2011 — “Osama bin Laden killed by U.S. forces” via History.com — Bin Laden
forces during a raid on his compound hideout in Pakistan
the terrorist network of Islamic extremists
had been the target of a nearly decadelong international search
Navy SEALs in two Black Hawk helicopters descended on the compound in Abbottabad
a military center north of Pakistan’s capital
including bin Laden and one of his adult sons
May 2, 2000 — “Bill Clinton acts to make GPS more accurate” via The New York Times — The President approved letting boaters
motorists and hikers use a satellite-navigation system with the same pinpoint accuracy that the military has long enjoyed
Clinton ordered the United States military to stop scrambling satellite signals used by civilians
The decision should mean that Global Positioning System (GPS) receivers will be 10 times more accurate
which is expected to double from $8 billion to more than $16 billion in the next three years
compiled by Jacob Ogles and edited and assembled by Phil Ammann and Ryan Nicol
my friend recommended to me and I’ve gotten 2 checks for a total of $9,200…this is the best decision I made in a long time
This extra cash has changed my life in so many ways
and website in this browser for the next time I comment
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Part of Jerry Stackhouse’s defensive philosophy
which he’s been drilling into the Golden State Warriors
A higher pick-up point — the defender engaging an offensive player further from the basket — encourages the ballhandler to drive
since the Warriors don’t have a true rim protector in the middle
the likelihood of getting scored on increases
So the tendency is to back up and engage the ballhandler closer to the support behind them
Waiting to be attacked is a reactionary posture
That’s especially true since the Jimmy Butler acquisition committed the Warriors to playing small most of the time
Ja and those guys just going to run past us.’ But at some point
A fourth-year vet with a roller-coaster career
Moody found footing in the Warriors’ rotation by adopting this mindset
He’s now the head of the snake in the Golden State defense
He’s the preferred antagonist to the league’s best point guards
His first three seasons in the league saw inconsistent minutes because
But his defensive limitations were one of the main reasons he didn’t have a consistent role
205 pounds — has never been viewed as an exceptional athlete
not enough to draw the most difficult matchups
His lateral movement didn’t allow him to stay in front of the NBA’s speedy and shifty guards
Moody is the one the defense throws at opposing point guards
He’s the first wave of the discomfort they hope to impart
“I can’t say I envisioned this happening,” Moody said with a smile after chasing around Morant for 30-plus minutes in Tuesday’s Play-In Tournament win over Memphis
Moody compensates for whatever lateral quickness he lacks by employing his strength and 7-foot-1 wingspan
The Warriors have honed his technique to take away the space between him and the ballhandler while still being hard to get around
He puts his weight onto the often-lighter guard
And the activator of all these elements is aggressiveness
worked on timing the dribble of ballhandlers and how Moody can take advantage of his length
Weems taught Moody a tactic he learned from Wes Unseld Jr
Every touch forces the ballhandler to adjust
“Making the guy move the ball around,” Weems said
I’ma measure their dribble and figure out how to get my hands on the ball
And he’s carried over some of that stuff in terms of being really aware of how guys are going to attack you and then learn how to use his length.”
Moody putting it all together has been a boon to the Warriors’ defense
Moody’s 109 deflections were the fourth-most in the NBA behind Atlanta’s Dyson Daniels (156)
Sacramento’s Keon Ellis (115) and the Los Angeles Clippers’ Kris Dunn (112) — all reputed defensive specialists
the Warriors led the NBA in steals and had five players totaling at least 30 — Draymond Green (59)
Stephen Curry (35) and Brandin Podziemski (32)
Stackhouse said a higher point of attack can actually help prevent getting beat off the dribble
It takes away the runway for the ballhandler
preventing players like Morant from building steam on their drives
His agility holds up as he fights over screens and “rides the drive” as Stackhouse calls it — flanking a penetrator all the way to the cup
defending opposing point guards is a valuable role as it supports Curry
preserving him for the heroics they’ll surely need in the playoffs
This role also makes the player the face of the Warriors’ aggression on defense
Klay Thompson built a Hall of Fame career hounding the best point guards
The Warriors had an ideal tip-of-the-spear in Andrew Wiggins
and the Warriors aren’t exactly stocked with elite on-ball defenders
Green and Butler are good in man-to-man defense
but they’re forwards who tend to set up closer to the paint — and their help defense is too vital for such an exclusive task
Gary Payton II is one of the best in the NBA at guarding the ball
And with Green and Butler anchoring the back of the defense
the Warriors need a shooter on the floor with them
high enough to make the scouting report and trustworthy enough to want him taking open 3s
That he can also now handle this pivotal assignment makes him invaluable
His conviction shows up in his disposition
In the final seconds of the first half against Memphis
But Moody got a deflection that stymied Morant’s rhythm
Moody turned to the Warriors’ bench and did what you don’t see from him often
He scowled as he faced down the Warriors’ animated bench
Moody nodded his head up and down as he absorbed the adoration
(Top photo of Moses Moody during Tuesday’s Play-In Tournament game against Memphis: Ezra Shaw / Getty Images)
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I decided an interview with the biggest combination Fielder and aviation expert I know was in order: Meet James
who is a first officer for a cargo airline (and whose last name is being withheld because we would like it to stay that way)
Our conversation has been edited and condensed for clarity
I get the impression that most pilots are not Nathan Fielder fans
I’ve actually tried to talk to a couple people that I’ve been flying with about him
and I find that I’m not really able to even describe what he is
Nobody that I’ve spoken to has even heard of him
What kinds of media do you think the average pilot is consuming
Landman has been really popular recently
but I really can’t describe how many people are talking about that show
Game of Thrones, when it was out, was big. I mean, pilots really like pilot stuff. You know, Top Gun is huge
and anything that involves airplanes gets a lot of us to watch it
Do you think pilots will discover this show and watch it
I don’t know if it would break onto the radar for pilots. I mean, it already being a sequel of a weird HBO alt-comedy show
I don’t really see it becoming popular with pilots
The scenarios he’s created in the first episode are actually pretty similar to a lot of stuff that we watch anyway for real training
and they’re basically reading the script of high-profile accidents
to try to study and find out what went wrong and what could have been done better
we meet a pilot the show is shadowing named Moody
I would say he kind of doesn’t fit whatever stereotype of a pilot people might have in their head
I went to school with a lot of people like him
he doesn’t look like he’d be fun to fly with.” It’s just kind of a way you clock people
and the way that he seems to be carrying himself
and inexperience is not really what you want in a pilot
They don’t tell you what airline he flies for
but they say he flies for a regional subsidiary of United Airlines
he has a very entry-level job in terms of airline jobs
people don’t stay first officers for a very long time at regionals
So I would guess that he’s been there for less than two years
This gets at one of the common debates that people have about Nathan Fielder’s shows
which I think might explain why you’re a superfan and I’m not: I feel like Nathan putting this somewhat dorky guy on TV might not be very kind
[Laughs] I think that’s kind of Nathan’s style
Where he’s not necessarily changing who he is
it’s just that this is the person he found who’s willing to go through it
but I also think that most pilots would not have responded to something like this
It was interesting to me that the show portrays the pilot as pretty awkward with his girlfriend
dimly aware of the idea out there that pilots are supposed to be ladies’ men
just because the kinds of people who are entering aviation are very different than they used to be
Another thing I noticed and wanted to talk to you about was when Moody was in the hotel room getting ready and you could see that as part of his uniform
“James has a crazy long shirt like that!” Why are your shirts so long
It’s just because they’re designed to be tucked in
I think maybe more men have shirts like that than you might realize
So a lot of men are walking around with shirts that go to their knees like that
They’re shirts that are designed to be tucked into the pants
It’s long so that when you’re reaching up—because
or load things above our head—your shirt doesn’t get untucked
you can either buy them online or there are specialty crew stores
I spent a little more money to get the wrinkle-resistant one
But you also don’t see me in the hotel most of the time
Do you ever struggle with the ironing board like Moody did
but if I’m ironing a shirt right as I’m walking out the door
leave messes for people to clean up for you
I also noticed on the show that the pilot goes through this special entrance at the airport that Nathan isn’t allowed to follow him through
It stands for “known crew member,” and so pilots and flight attendants and maybe other essential airport staff
I’m not sure everyone who gets access to it
So there are separate lines and you go through a different security
And they let you bring liquids in carry-ons and other stuff normal people can’t bring
Sometimes I’m going on a trip for two weeks
and I don’t want to bring a travel-size toothpaste
there are all these places that pilots can go that everyone else can’t go
I haven’t been in the passenger terminal ones
nap rooms for longer layovers that aren’t long enough to get a hotel
There might be bunks or beds or something to lay down in
get out of the hustle of the passengers milling about in the terminal
The idea that the pilots just kind of want to sit in the lounge and stare off into nowhere and not talk to each other
but I would say the lounge is not necessarily a social place
A lot of people might be preparing for their flight
going over paperwork or doing other things like that
or even just catching up on whatever else they have going on in their life
a lounge like that is respected as a quiet place
You’re trying not to be disruptive because you don’t know how long someone’s been working
I noticed that the captain had an iPad in the lounge
pilots seem to be obsessed with their iPads
But it used to be that a pilot would go to the plane and they’d have a bag full of charts and maps—it was an entire bag just dedicated to it—and you needed to replace certain charts every 32 days or whatever it is
So flight plans and maps and procedure charts and everything else is just all on the iPad
Every pilot will have a company-issued iPad that has all of the necessary things on it to
It’s not like we bring it around for Netflix or something
Nathan makes a big deal about how Moody hasn’t ever met his captain that he’s flying with before
But I’ve gleaned from you that most of the time you’re paired with someone you’ve never flown with before
You don’t always know who you’re working with
It’s pretty rare to fly with the same person more than once in the airline
There are thousands of pilots working for some companies
and unless you’re actively bidding or scheduling to try to end up with someone
you’re just ending up with a random person
I guess people expect it to be like a team
like cops who are longtime partners on a cop show
I wasn’t trying to imply that we don’t talk to each other
go out of your way to introduce yourself before you get to the airplane
And it’s not like you’ll never fly with the same person
I would say Nathan Fielder is on the right track
You’re not going to be socializing with your captain or your first officer before you even get to the airplane
because you’re about to be spending four days or something with them
You’re going to have plenty of time to chat and talk and get to know each other then
and to just do the job doesn’t really require knowing each other
So much of aviation and flying is basically like reading a script
We have checklists and callouts and procedures and all this
and all of our training is designed basically to make it so that it should not feel different flying with someone that you’ve flown with 100 times versus flying with a complete stranger
That’s the standard that we’re all trained to
it doesn’t really matter who’s sitting in the seat next to you
You should be able to predict what they’re going to do
“Flaps five.” I’m moving the flaps to five
but then I’ve got three or four other things to do to set up the airplane that I do automatically
because he’s just triggered it by us moving the flaps
So the idea that you even need to know each other at all—it’s nice
it’s good to have someone that you get along with when you’re flying
but it’s almost entirely irrelevant to the actual action of flying
What did you think of what the show had to say about the relationship between captain and first officer
They were talking about how first officers might be afraid to speak up
All decisions about the safety of the flight are meant to be discussed
the captain is usually the more experienced pilot and is technically in charge
but it’s two highly qualified professionals sitting in the front of the plane who are jointly making decisions
there was the thought that the captain is the big shot
and there have been a lot of differences In training over the years to bump up the role of the first officer to being more equal
The way we fly airplanes in the cockpit has hugely changed
and it’s been a hot topic for a long time now
It’s not really any new concepts that he’s exploring on those fronts
Fielder was very focused on the idea of improving how pilots communicate
but from what you’ve told me about training and the flight simulators you do
it seems like there’s a lot of emphasis on communicating
Going back to the incidents that he was rehearsing
Those are the same kinds of accidents that
Those accidents that he thinks we need to figure out how to avoid in the future have already been incorporated into our training
When you’re first starting and flying small airplanes
he’s trying to solve—I don’t want to say it’s already a solved problem
but I think that we are much further along on that front than he’s giving us credit for
Beacon Pointe Advisors LLC trimmed its position in Moody's Co. (NYSE:MCO - Free Report) by 21.2% during the fourth quarter
according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC)
The fund owned 2,022 shares of the business services provider's stock after selling 543 shares during the period
Beacon Pointe Advisors LLC's holdings in Moody's were worth $957,000 as of its most recent SEC filing
Other institutional investors also recently bought and sold shares of the company
OFI Invest Asset Management purchased a new position in shares of Moody's in the 4th quarter valued at about $41,000
Asset Planning Inc acquired a new position in Moody's during the fourth quarter worth about $42,000
Albion Financial Group UT purchased a new position in Moody's in the fourth quarter valued at about $45,000
Activest Wealth Management acquired a new stake in shares of Moody's during the 4th quarter valued at approximately $47,000
Larson Financial Group LLC boosted its stake in shares of Moody's by 80.6% during the 4th quarter
Larson Financial Group LLC now owns 121 shares of the business services provider's stock worth $57,000 after acquiring an additional 54 shares in the last quarter
92.11% of the stock is owned by institutional investors and hedge funds
insiders have sold 1,111 shares of company stock worth $520,603
0.14% of the stock is currently owned by corporate insiders
Shares of NYSE MCO traded down $0.08 during trading on Monday
555,657 shares of the company traded hands
The firm has a market capitalization of $83.59 billion
a current ratio of 1.47 and a debt-to-equity ratio of 1.81
The company has a 50-day moving average price of $448.74 and a 200-day moving average price of $471.74
has a 1 year low of $378.71 and a 1 year high of $531.93
Moody's (NYSE:MCO - Get Free Report) last announced its quarterly earnings results on Tuesday
The business services provider reported $3.83 EPS for the quarter
topping the consensus estimate of $3.58 by $0.25
Moody's had a return on equity of 58.94% and a net margin of 29.03%
The company had revenue of $1.92 billion during the quarter
compared to analyst estimates of $1.90 billion
equities analysts predict that Moody's Co
The firm also recently announced a quarterly dividend
This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.81%
The ex-dividend date of this dividend is Friday
Moody's's dividend payout ratio is presently 32.47%
Several brokerages recently issued reports on MCO
Baird reduced their price objective on Moody's from $575.00 to $525.00 and set an "outperform" rating for the company in a report on Wednesday
Barclays decreased their price objective on shares of Moody's from $570.00 to $520.00 and set an "overweight" rating on the stock in a research report on Friday
UBS Group raised their target price on shares of Moody's from $510.00 to $540.00 and gave the company a "neutral" rating in a report on Tuesday
Mizuho started coverage on shares of Moody's in a report on Wednesday
They issued a "neutral" rating and a $504.00 price target on the stock
William Blair reissued an "outperform" rating on shares of Moody's in a research note on Friday
One investment analyst has rated the stock with a sell rating
seven have given a hold rating and ten have assigned a buy rating to the company
Moody's presently has a consensus rating of "Moderate Buy" and an average target price of $515.87
Read Our Latest Stock Report on MCO
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Port Moody SC won their first BC Province Cup to qualify for Canada Soccer’s 2025 National Championships after they won 2:1 over former national champions Surrey BB5 United
Port Moody scored first and last as they eliminated the three-time men’s provincial winners at Minoru Park in Richmond on Sunday 4 May
Quintin Desaulniers scored the opener in the 12 minute
but Surrey’s Nicky Soolsma scored just a couple of minutes later
Daniel Hobson scored the 2-1 winner in the 46th minute
As Canada Soccer’s largest national event featuring clubs from coast to coast
the National Championships have served as the nation’s primary amateur soccer competition for more than 100 years
with the men’s competition inaugurated in 1913
and the women’s competition inaugurated in 1982
the National Championships provide a meaningful week-long soccer experience for host cities and participating teams
A complete obituary will be provided at a later time.
Moody has been entrusted to Wells Funeral Home of Canton
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and lending to balance sheet and portfolio management
so that you can make informed decisions and navigate risk with confidence
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Note: Moody’s Corporation is comprised of separate divisions. Moody's Ratings publishes credit ratings and provides assessment services on a wide range of debt obligations, programs and facilities, and the entities that issue such obligations in markets worldwide, including various corporate, financial institution and governmental obligations, and structured finance securities. Moody's Ratings products are set out here
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AUSTIN, Texas — A new gaming institute at The University of Texas at Austin will help position students for careers in the rapidly growing video game industry. UT’s Moody College of Communication will be home to the Karch Gaming Institute
which will be dedicated to shaping the next generation of creative leaders in the gaming industry thanks to a generous gift from Matt Karch
a worldwide video game developer and publisher
the Karch Gaming Institute will teach students about all aspects of the digital gaming industry from concept to distribution to the convergence of gaming with film
Students will gain the skills and knowledge needed to thrive as leaders in the most profitable sector of entertainment
we are continuously evolving to meet the needs of our students and the industries they want to work in upon graduation,” said Anita Vangelisti
“This generous gift will help advance our offerings in an exciting and growing field that aligns so well with our existing strengths in new media and radio
while also providing our students with even more experiential
collaborative learning opportunities alongside our outstanding faculty and industry experts.”
According to the Entertainment Software Association
video game industry generated more than $100 billion in annual economic impact in 2024 while supporting almost 350,000 U.S
As the gaming industry continues to rapidly grow and expand
the institute will go beyond traditional education
offering students a comprehensive curriculum that combines the rich history
ethics and art of storytelling in gaming with practical and hands-on courses focused on the business and development workflows of the industry
“I have spent the past 25 years immersed in the business of making games,” Karch said
the industry has grown at an unprecedented rate
the same couldn’t be said about education in the gaming space
The University of Texas at Austin and Moody College are the perfect place to build the world’s leading game education program
It is a world-class university in one of the country’s leading hubs for game development
This program is designed to give students the knowledge and skills that many of us game veterans have only been able to acquire with decades of practical experience
The Karch Gaming Institute will play a key role in training future leaders of our industry
I am proud to be able to be a part of that.”
With the support of the Karch Gaming Institute
Moody College is developing courses with the initial goal of creating a minor to focus on the business and production of digital games
and offer exciting opportunities to UT students to connect with this vibrant industry
The institute will offer the first two courses
“Business of Gaming: From Concept to Console” and “Gaming Usability Lab Fundamentals” this fall for any UT student
The concept-to-console course will feature guest speakers from various UT departments and careers within the gaming industry and will include hands-on exercises such as concept pitching techniques
The usability lab course will teach students how this type of lab is used within the industry
students will be given access to a not-yet-released game to use as a case study
Faculty members from Moody College will oversee the curriculum and instruct the courses in partnership with faculty members from the College of Fine Arts and College of Natural Sciences
“It’s impossible to deny the growth of the video game industry and its intersection with the entertainment industry,” said Cindy McCreery
chair of the Department of Radio-Television-Film at Moody College
“Video game leaders have shared with me the missing component for many students once they’re out of school has been understanding the big-picture ecosystems and workflows when it comes to video game development to distribution
These courses will help to fill those gaps
better preparing students for these emerging career opportunities upon graduation.”
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Moody’s Investor Service continues to warn that the United States is in fiscal deterioration, with a new report warning that government policy decisions in the near term could contribute to higher interest rates and worsening debt for the United States
Moody’s writes in its March 25 report: “The potential negative credit impact of sustained high tariffs
unfunded tax cuts and significant tail risks to the economy have diminished prospects that these formidable strengths will continue to offset widening fiscal deficits and declining debt affordability.”
The two other major credit rating agencies, Standard & Poor’s (S&P) and Fitch Ratings, have both already downgraded the nation’s rating — S&P in 2011 and Fitch in August 2023
Moody’s stated two primary reasons for downgrading the outlook in 2023:
Both reasons continue to be top-of-mind for the rating organization
with its March 2025 report noting that the fiscal situation continues to decline and U.S
debt affordability is now weaker than other nations with the AAA rating
"Even in a very positive and low probability economic and financial scenario
debt affordability remains materially weaker than for other Aaa-rated and highly rated sovereigns," Moody’s states
Image credit: Photo by Samuel Corum/Getty Images
Large amounts of federal debt could “crowd out” investments by the private sector
making the economy less productive and stunting wage growth
Debt rising unsustainably threatens the country’s economic future
and a number of business leaders have signaled their concern
The combination of higher debt levels and elevated interest rates have increased the cost of federal borrowing
prompting economists to consider the sustainability of our fiscal trajectory
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Rice University will break ground on the new Moody Center Complex for Student Life (MCCSL) later this spring
The groundbreaking ceremony is scheduled for May 8 and will signal the start of an exciting chapter in the university's student-focused growth
a new 75,000-square-foot facility will be constructed to serve as a dynamic hub for student activities
the new facility will complement the Rice Memorial Center (RMC) and Ley Student Center
Rice students will have the opportunity to provide input on the redesign of the existing student center
ensuring their voices are integral to shaping their campus experience
"Rice University is dedicated to empowering our students to become leaders who make meaningful impacts around the world," President Reginald DesRoches said
"The Moody Center Complex for Student Life will be a centerpiece for community
providing our students with the resources and spaces they need to thrive
We are sincerely grateful to the Moody Foundation and Brown Foundation for their incredible vision and support."
The new facility will feature a large programming pavilion that opens to the Central Quad
offering opportunities for both indoor and outdoor events
The building will also house a variety of spaces
designed to meet the needs of Rice's diverse and growing student body
the university’s enrollment has expanded by 34%
with nearly 9,000 undergraduate and graduate students now calling Rice home
“This new state-of-the-art facility will be much more than just a building; it is an investment in the future of every student
supporting them in pursuit of their passions,” said Elle Moody ’14
a trustee of both the Moody Foundation and Rice
“My hope is that it will provide opportunities for our students to form meaningful connections
but also with a vast network of scholars and leaders from local to global communities.”
the Moody Foundation has awarded more than $2 billion in the areas of the humanities
community and social events in the state of Texas
the foundation has contributed over $125 million to Rice
"The Moody Center Complex for Student Life is set to become a vibrant cornerstone of student activity at Rice — an open
inclusive and outward-looking space that amplifies the university’s mission to support students in their academic
personal and professional journeys,” said Kelly Fox
The Brown Foundation has given over $112 million to Rice throughout its rich history
served on Rice's Board of Trustees from 1943 and as chairman from 1950-1965
Known for his personal interest in students
The Brown family’s legacy at Rice is evident throughout the campus
with several buildings and programs bearing their name
Alice Pratt Brown Hall and Herman Brown Hall
Negative outlook reflects concerns over US trade policy and fiscal stability
prompting warnings and calls for strategic government response
Moody's has revised Thailand's economic outlook to negative
while maintaining its Baa1 sovereign credit rating
This has spurred reactions from Thai institutions and analysts
who largely view it as a critical warning necessitating prudent fiscal and monetary policies and strategic economic stimulus
Patchara Anuntasilpa, Director-General of the Public Debt Management Office (PDMO) at the Ministry of Finance, acknowledged the significant impact on global and regional trade, indirectly affecting Thailand. While the severity is uncertain, the global growth forecast for 2025 has been lowered.
Moody's highlighted Thailand's strong external finances and institutional stability but noted slower post-COVID growth compared to peers and vulnerability to economic shocks like tariffs. Concerns were also raised about delayed fiscal consolidation and structural challenges like an aging population and low productivity.
The Federation of Thai Industries Chairman Kriengkrai Thiennukul called for a major economic restructuring, noting the reliance on strong reserves while highlighting long-term structural weaknesses. He deemed the stimulus package necessary given lowered GDP forecasts.
Thai Chamber of Commerce President Poj Aramwattananont stressed the negative outlook as a confidence concern for investors, pointing to fiscal stability worries but expressing faith in other economic drivers.
University of the Thai Chamber of Commerce President Thanavath Phonvichai saw trade war risks and slow recovery as concerns, noting Thailand's open economy is vulnerable but believes strong fiscal standing and growth potential mitigate investment impact.
The government is reportedly negotiating with the US and planning tax reforms and long-term fiscal burden reduction. While FDI remains strong and tourism is expected to rebound, the need for prudent macroeconomic policies and structural reforms is underscored by the Moody's outlook revision.