mega seven
mega seven
NYT Strands December 25, 2024 – Hints, answers, Spangram Today's NYT Strands puzzle theme Hints for today’s Strands NYT Strands December 25, 2024 – Hints, answers, Spangram Spangram for today Today's Strands’ answers: What are NYT Strands and how to play the game? Tips for solving NYT Strands puzzle The TOI Tech Desk is a dedicated team of journalists committed to delivering the latest and most relevant news from the world of technology to readers of The Times of India. TOI Tech Desk’s news coverage spans a wide spectrum across gadget launches, gadget reviews, trends, in-depth analysis, exclusive reports and breaking stories that impact technology and the digital universe. Be it how-tos or the latest happenings in AI, cybersecurity, personal gadgets, platforms like WhatsApp, Instagram, Facebook and more; TOI Tech Desk brings the news with accuracy and authenticity. Read More Latest Mobiles Samsung Galaxy A16 5G ₹15,800 Lava O3 Pro ₹6,999 Vivo X200 5G ₹65,999 Tecno Phantom V Flip 2 5G ₹54,999 Lava Yuva 4 ₹6,999 Poco C75 5G ₹7,999 Tecno POP 9 4G ₹6,499 Itel Color Pro 5G ₹9,199 Vivo Y18T ₹9,499 Lava Blaze 3 5G ₹10,999
Mike Wilson predicts 'flat-ish' S&P 500 returns over the next decade due to high valuations. Current Shiller CAPE ratio levels suggest annualized returns in the 2-3% range over 10 years. But Wilson sees potential in energy, materials, and emerging markets like India and China. With a price target of 6,500, Mike Wilson thinks the S&P 500 has relatively modest upside of around 9% in 2025. But over the next 10 years, expect the benchmark index's annualized returns to be roughly flat, the Morgan Stanley CIO says. There's a simple explanation for why: valuations, which account for much of how equities perform over a 10-year period, are historically elevated, he said. Wilson made the comments in an interview with the economist David Rosenberg earlier this month, and then reiterated his outlook in an interview with Business Insider this week. "My comment on the podcast is not a controversial view based on valuations," he told BI. "That is a very common view, that given where valuations are today, over the next 10 years, the returns from point A to point B will be basically flat-ish, and on a real basis, maybe negative." Below are a couple of valuation measures that Wilson cites. On the left is the forward 12-month price-to-earnings ratio. On the right is the Shiller cyclically adjusted price-to-earnings ratio, which compares the current prices to a 10-year rolling average of earnings to normalize outliers. Both measures are approaching levels seen at the peak of the internet bubble in 2000. The Shiller CAPE ratio has proven very dependable in predicting long-term returns. Current levels around 37 put 10-year return expectations in the 2-3% range, according to the analysis below from Michael Finke , a professor of wealth management at The American College of Financial Services. As Wilson alluded to, he's not the first to warn of a sort of lost decade ahead for the broader market. Goldman Sachs' David Kostin said in October that he sees the S&P 500 delivering 3% average annualized returns over the next decade. Compare that to 4.59% risk-free yield on 10-year Treasurys. Smead Capital Management's Bill Smead, a top-2% value investor, has also recently warned of poor annualized returns in the coming decade. Some think calls like Kostin's are too bearish, however. "There's no denying the stark relationship between P/E ratios and long-term forward returns, but an annualized return of 3% over the next ten years is likely too low," said Jeff Buchbinder, the chief equity strategist at LPL Financial, in an October 29 note. "Productivity gains from technology investments (artificial intelligence and otherwise) are likely to boost the profitability of S&P 500 companies and support both earnings growth and valuations." While Wilson has a sour long-term outlook on the index level, he thinks certain areas of the market are better positioned than others to deliver robust returns in the years ahead. "There will be plenty of opportunities to make money over that time in sectors and stocks even if the index is flat," he said. Two underappreciated sectors right now are the energy and materials sectors, with their valuation levels relatively depressed. While the S&P 500's trailing 12-month PE ratio sits at 29.5, the same measure for the iShares S&P 500 Materials Sector UCITS ETF is 21.6, and the iShares U.S. Energy ETF is 10.7. "If you were to be adding certain energy assets or materials assets here, yes, I think your odds of making pretty good money over the next 3-5 years are quite high," Wilson told BI. Spending on AI infrastructure will benefit the sectors, he said. "It doesn't happen magically without energy and materials," Wilson said. Wilson also said international stocks, particularly some emerging markets, are trading at attractive prices. India is one that he believes is in a bull market trend. And China could start to turn around eventually, he said. "China is the one that everyone's kind of trying to figure out," he said. "I don't know when it starts, but I wouldn't count the Chinese stock market out completely, and I think there will be opportunities there." As of November 29, the MSCI Emerging Markets Index traded at a 15.3 trailing 12-month PE ratio.BOSTON (AP) — Jaylen Brown anotó los primeros 15 puntos de los Celtics con cinco triples consecutivos y terminó con 29 unidades, antes de que Boston resistiera un último esfuerzo para vencer 107-105 a los Timberwolves de Minnesota el domingo. Jayson Tatum añadió 26 tantos y ocho rebotes para ayudar a Boston a lograr una racha de cinco victorias consecutivas, la más extensa para el equipo en la temporada. Anthony Edwards tuvo 28 puntos y nueve rebotes para Minnesota, que ha perdido cinco de sus últimos siete. Julius Randle agregó 23 unidades, y Rudy Gobert terminó con 10 puntos y 20 rebotes, su octavo doble-doble de la temporada. Minnesota se acercó a 55-54 a principios del tercer cuarto, antes de una racha de 14-0 por parte de Boston. La ráfaga incluyó cuatro triples de los Celtics, incluidos dos de Tatum. La ventaja aumentó a 79-60 con 4:26 por jugar en el periodo. Pero los Timberwolves apretaron el partido en el cuarto, acercándose a 107-105 con 34 segundos restantes con un layup de Randle. Minnesota buscará algunas victorias en casa, después de perder cuatro de sus últimos cinco como visitante. Esta historia fue traducida del inglés por un editor de AP con la ayuda de una herramienta de inteligencia artificial generativa.
Collective bargaining rights for most Wisconsin public employees, which were effectively eliminated under former Gov. Scott Walker's 13-year-old signature law Act 10, are slated to be restored following a Dane County judge's order Monday. The order from Dane County Circuit Court Judge Jacob Frost comes nearly six months after he ruled that provisions of Act 10, which was passed by the Republican-controlled Legislature and signed into law by Walker in 2011, were unconstitutional because the law treats public safety workers differently from other public employees. Frost earlier this year rejected a motion by the Legislature seeking to dismiss the case and, on Monday, he clarified which provisions of the law are no longer enforceable. His ruling would effectively restore collective bargaining powers for all public workers to what they were before Act 10 was adopted. "The judiciary cannot be a check on the Legislature if it cannot, through declaring a statute unconstitutional and void, stop the enforcement of that statute," Frost wrote in the 18-page order. "Instead, to uphold the role of the judicial branch, I must strike unconstitutional statutes and restore the statutes to a constitutional basis. The Legislature may then take up the work of drafting a new, constitutional framework for collective bargaining of public employees, if it so desires. "If the Legislature wants this Court’s decision to not yet have effect, it must move this Court to stay enforcement of its decision pending appeal," Frost added, suggesting his ruling would not take effect anytime soon. Assembly Speaker Robin Vos, R-Rochester, and Senate Majority Leader Devin LeMahieu, R-Oostburg, pledged to do just that, meaning the case is all but certain to come before the Wisconsin Supreme Court, which currently holds a 4-3 liberal majority. One of the court's liberal seats is on the ballot in April, with conservatives hoping to regain control of the state's highest court. “This lawsuit came more than a decade after Act 10 became law and after many courts rejected the same meritless legal challenges," Vos said in a statement. "We look forward to presenting our arguments on appeal.” Court records show an appeal was filed hours after Frost's ruling. In his ruling, Frost rejected a request from GOP legislative leaders, submitted in response to his ruling in July, asking him to simply eliminate the definition of "public safety employee" from the law. Frost wrote that doing so would "lack any legislative direction in the statutes as to the intended meaning of the term." "Act 10 as written by the Legislature specifically and narrowly defines 'public safety employee,'" Frost wrote. "It is that definition which is unconstitutional. The Legislature cites no precedent for this bold argument that I should simply strike the unlawful definition but leave it to an agency and the courts to later define as they see fit. "Neither this Court, the Court of Appeals nor the Supreme Court can decide how we believe the Legislature should have, but did not, define the 'public safety employee' group," Frost continued. "We cannot decide who should be included or excluded, absent guidance from the Legislature as to its lawful policy choices." In his order, Frost struck portions of the law that laid out the difference between general and public safety employees, including a provision that required general employees to secure 51% of the votes of all employees in a collective bargaining unit to recertify, while public safety employees only needed a majority of those members who actually voted. "This distinction between general and public safety employees is meaningless without Act 10’s creation of these two categories," Frost noted. Democratic Gov. Tony Evers praised Frost's ruling. Former Wisconsin Supreme Court Justice David Prosser dead at 81 “I've always believed workers should have a seat at the table in decisions that affect their daily lives and livelihoods," Evers said in a statement. "It’s about treating workers with dignity and respect and making sure no worker is treated differently because of their profession.” The lawsuit was filed last November by several union groups who argued lawmakers violated the state Constitution when they established two separate tiers of public employees: Those subject to the law, including teachers and service workers, and those exempt, including police and firefighters — groups that largely endorsed Walker. Moreover, they said, the differences between the two groups of employees aren't clearly defined. Municipal police and fire and state troopers are allowed to collectively bargain under the law, but not Capitol Police, UW Police and conservation wardens. Act 10 was passed when Republicans held a trifecta in state government as a way to address a projected $3.6 billion budget deficit and delivered a windfall to taxpayers while also altering the relationship between government workers and their employers. The proposal sparked immense pushback, with as many as 100,000 people massing at the Capitol for a nearly monthlong protest and occupation leading up to the measure's passage. Wisconsinites have gotten cheaper government, lower taxes and a way out of the immediate budget crisis, the Wisconsin State Journal found in a 2021 series examining the law's impact on the 10th anniversary of its passage. Kurt Bauer, president and CEO of the state's largest business organization Wisconsin Manufacturers and Business, said Frost's ruling "is wrong on its face and is inconsistent with the law." “Act 10 is not only constitutional, it is a critical tool for policymakers and elected officials to balance budgets and find taxpayer savings," he added. "Thanks to Act 10, the state, local governments and countless school districts have saved billions and billions of dollars — protecting Wisconsinites from massive tax increases over the last decade-plus." Interactive Map: Madison adds a new park every year. Here's where they're going The law effectively ended collective bargaining for most public-sector unions by allowing them to bargain solely over base wage increases no greater than inflation. It also ended the automatic withdrawal of union dues, required annual recertification votes for unions, and forced public workers to pay more for health insurance and retirement benefits. "I voted against Act 10 more than 13 years ago, and am thrilled our public servants are able to once again organize and make their voices heard," former state legislator and U.S. Rep. Mark Pocan, D-Black Earth, wrote in a post on X. Walker, meanwhile, called Frost's ruling "brazen political activism," in a post on X. "Collective bargaining is not a right," Walker added in a second post. "It is an expensive entitlement." The conservative Wisconsin Institute for Law and Liberty wrote in an April report that eliminating Act 10 could have a significant fiscal impact on the state, with school districts facing an estimated $1.6 billion in new annual costs if the law is fully repealed. “For over a decade, liberal activists have attacked reforms that have saved Wisconsin taxpayers tens of billions of dollars," LeMahieu said in a statement. "Despite Act 10 being upheld repeatedly by state and federal courts, an activist Dane County judge decided to issue a ruling suddenly deciding Wisconsin's law is unconstitutional. We will appeal this decision immediately.” Frost had taken criticism earlier this year after it was reported his name appeared on a 2011 petition to recall Walker following Act 10's passage, when Frost was a private practice attorney. Attorneys representing the Legislature in the lawsuit did not request that Frost be removed from the case. The lawsuit was filed by the Abbotsford Education Association, Beaver Dam Education Association, SEIU Wisconsin, American Federation of State, County and Municipal Employees Locals 47 and 1215, Teaching Assistants' Association Local 3220 and the International Brotherhood of Teamsters Local 695, as well AFSCME Local 1215 President Ben Gruber, Beaver Dam teacher Matthew Ziebarth and Racine Unified School District employee Wayne Rasmussen. "Today's decision is personal for me and my coworkers," Gruber said in a statement. "As a conservation warden, having full collective bargaining rights means we will again have a voice on the job to improve our workplace and make sure that Wisconsin is a safe place for everyone. We realize there may still be a fight ahead of us in the courts, but make no mistake, we're ready to keep fighting until we all have a seat at the table again." A decade after the debate and protests over the anti-union law known as Act 10 convulsed the state, Wisconsin remains firmly divided on the law. The most seismic political story of the last decade in Wisconsin began on Feb. 7, 2011, when Republican Gov. Scott Walker informed a gathering... A selection of Wisconsin State Journal photographs from the historic protests of February and March 2011 at the state Capitol. The largest pro... Between 2010 and 2017, four major public sector unions in Wisconsin saw significant decreases in their membership. A collection of Wisconsin State Journal front pages during the historic Capitol protests of February and March 2011. Gov. Scott Walker's plan ... Video highlights of the fallout over the introduction and passage of what would become Wisconsin 2011 Act 10 in February and March, 2011. A decade after the controversial legislation became law, state and local governments have saved billions of dollars, but spending on key programs has lagged. The most seismic political story of the last decade in Wisconsin began on Feb. 7, 2011, when Republican Gov. Scott Walker informed a gathering... The most seismic political story of the last decade in Wisconsin began on Feb. 7, 2011, when Republican Gov. Scott Walker informed a gathering... "Collective bargaining is not a right. It is an expensive entitlement." Former Gov. Scott Walker, writing in a post on X Stay up-to-date on the latest in local and national government and political topics with our newsletter.24 biggest soccer moments of 2024: USWNT win gold, Mauricio Pochettino to USMNT, Lionel Messi playoff flop45 Best Black Friday PS5 Deals: A Record-Low Price for the PS5 Slim, $75 Off Consoles and More