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When the Great Recession struck California 17 years ago and hundreds of thousands of workers lost their jobs, the state’s unemployment insurance system crashed. The employer-financed program quickly exhausted its thin reserves, due to a short-sighted political decision six years earlier. In 2001, the Unemployment Insurance Fund had a $6.5 billion positive balance. But the governor at the time, Democrat Gray Davis, owed big political debts to unions that financed his 1998 campaign. He repaid them by doubling unemployment insurance benefits, contending that the seemingly hefty reserve could cover them without raising payroll taxes on employers. When recession struck, the insurance fund soon leaked red ink and the state borrowed about $10 billion from the federal government to maintain cash payments. When the state didn’t repay the loan, the feds raised payroll taxes for nearly a decade to retire the loan. It should have been a lesson for political policymakers about instant gratification and financial responsibility, but it wasn’t. Shortly after the $10 billion loan was paid off, California was hammered by the COVID-19 pandemic, and upwards of 3 million workers lost their jobs as the state ordered workplace closures. Once again, the unemployment insurance program had virtually no reserves to cover the sharp increase in claims. Once again it borrowed from the federal government, this time for $20 billion, and once again its failure to repay forced the feds to increase payroll taxes. In addition to a double dose of financial problems, the Employment Development Department has also experienced managerial failures. In 2011 Elaine Howle, the state auditor, laid out the department’s shortcomings in a sharply worded report, but when the pandemic hit, they once again became evident. There were massive glitches in responding to legitimate claims for insurance benefits, while the department gave tens of billions of dollars to fraudsters. Meanwhile employers are still repaying the last loan, and the state’s insurance fund is continuing to run deficits, unable to cover current benefits of nearly $7 billion a year. With that history in mind, another watchdog agency, the Legislative Analyst’s Office, is urging a complete overhaul of unemployment insurance, declaring the system “is broken.” Noting that the current state payroll tax cannot fully cover current benefits, much less build reserves, the LAO report projects a “perpetually outstanding federal loan” to keep payments flowing that must be repaid with interest. The report proposes a four-part tough love approach to a crisis that has been building for more than two decades and cannot solve itself, to wit it advises the state to: There may be other alternatives, perhaps affecting benefits, but the main thing is that doing nothing will just perpetuate this crisis — even though the politics of the issue are daunting. It’s been a political stalemate for nearly a quarter-century, pitting unions seeking to protect, or even increase, benefits against employers who don’t want to shoulder increased taxes. Successive governors and legislative leaders have shunned engagement, preferring to kick the can down the road. Dan Walters is one of most decorated and widely syndicated columnists in California history, authoring a column four times a week that offers his view and analysis of the state’s political, economic, social and demographic trends.
Dallas Cowboys vs. Washington Commanders prediction, odds, best bets for NFL Week 12Asana ( NYSE:ASAN – Get Free Report ) had its price target hoisted by JPMorgan Chase & Co. from $13.00 to $15.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has an “underweight” rating on the stock. JPMorgan Chase & Co. ‘s target price would indicate a potential downside of 32.40% from the company’s current price. A number of other research analysts have also issued reports on ASAN. UBS Group decreased their target price on Asana from $17.00 to $13.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 4th. Morgan Stanley decreased their price objective on shares of Asana from $19.00 to $15.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 20th. Oppenheimer boosted their target price on shares of Asana from $20.00 to $22.00 and gave the stock an “outperform” rating in a research note on Friday. Scotiabank initiated coverage on shares of Asana in a research note on Monday, November 18th. They issued a “sector perform” rating and a $15.00 price target on the stock. Finally, KeyCorp upgraded Asana from an “underweight” rating to a “sector weight” rating and set a $10.00 price objective on the stock in a report on Friday. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Asana presently has an average rating of “Hold” and an average target price of $16.53. Read Our Latest Analysis on Asana Asana Stock Performance Insider Transactions at Asana In other news, COO Anne Raimondi sold 29,807 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $11.99, for a total value of $357,385.93. Following the completion of the sale, the chief operating officer now owns 761,088 shares of the company’s stock, valued at $9,125,445.12. This represents a 3.77 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink . Also, insider Eleanor B. Lacey sold 4,977 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $11.79, for a total value of $58,678.83. Following the completion of the transaction, the insider now owns 370,333 shares in the company, valued at $4,366,226.07. This represents a 1.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders have sold a total of 44,092 shares of company stock worth $527,668 in the last quarter. Company insiders own 63.97% of the company’s stock. Institutional Investors Weigh In On Asana Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Headlands Technologies LLC grew its holdings in shares of Asana by 327.9% during the 2nd quarter. Headlands Technologies LLC now owns 2,897 shares of the company’s stock worth $41,000 after purchasing an additional 2,220 shares during the period. KBC Group NV lifted its position in Asana by 52.1% in the third quarter. KBC Group NV now owns 3,534 shares of the company’s stock valued at $41,000 after buying an additional 1,211 shares during the last quarter. Quest Partners LLC purchased a new position in Asana during the third quarter worth about $43,000. Redwood Wealth Management Group LLC acquired a new stake in shares of Asana during the second quarter valued at about $65,000. Finally, Daiwa Securities Group Inc. raised its stake in shares of Asana by 26.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 4,983 shares of the company’s stock valued at $70,000 after acquiring an additional 1,028 shares during the period. Hedge funds and other institutional investors own 26.21% of the company’s stock. Asana Company Profile ( Get Free Report ) Asana, Inc, together with its subsidiaries, operates a work management platform for individuals, team leads, and executives in the United States and internationally. Its platform helps organizations to orchestrate work from daily tasks to cross-functional strategic initiatives; manage work across a portfolio of projects or workflows, see progress against goals, identify bottlenecks, resource constraints, and milestones; and communicate company-wide goals, monitor status, and oversee work across projects and portfolios to gain real-time insights. Further Reading Receive News & Ratings for Asana Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Asana and related companies with MarketBeat.com's FREE daily email newsletter .
Investors with a lot of money to spend have taken a bullish stance on Deere DE . And retail traders should know. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with DE, it often means somebody knows something is about to happen. So how do we know what these investors just did? Today, Benzinga 's options scanner spotted 16 uncommon options trades for Deere. This isn't normal. The overall sentiment of these big-money traders is split between 43% bullish and 43%, bearish. Out of all of the special options we uncovered, 6 are puts, for a total amount of $301,147, and 10 are calls, for a total amount of $1,023,353. Predicted Price Range Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $185.0 to $470.0 for Deere over the last 3 months. Insights into Volume & Open Interest Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Deere's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Deere's whale trades within a strike price range from $185.0 to $470.0 in the last 30 days. Deere 30-Day Option Volume & Interest Snapshot Biggest Options Spotted: Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume DE CALL TRADE BEARISH 06/20/25 $265.4 $261.2 $261.2 $185.00 $444.0K 1 17 DE CALL TRADE BEARISH 11/22/24 $41.15 $33.7 $33.75 $397.50 $168.7K 88 50 DE CALL SWEEP BULLISH 06/20/25 $23.0 $22.5 $23.0 $470.00 $138.0K 239 60 DE CALL TRADE NEUTRAL 01/17/25 $43.85 $42.85 $43.28 $400.00 $60.5K 904 20 DE PUT TRADE BULLISH 12/06/24 $7.05 $5.5 $6.1 $430.00 $51.8K 104 89 About Deere Deere is the world's leading manufacturer of agricultural equipment, producing some of the most recognizable machines in the heavy machinery industry in their green and yellow livery. The company is divided into four reportable segments: production and precision agriculture, small agriculture and turf, construction and forestry, and John Deere Capital. Its products are available through an extensive dealer network, which includes over 2,000 dealer locations in North America and approximately 3,700 locations globally. John Deere Capital provides retail financing for machinery to its customers, in addition to wholesale financing for dealers, which increases the likelihood of Deere product sales. In light of the recent options history for Deere, it's now appropriate to focus on the company itself. We aim to explore its current performance. Where Is Deere Standing Right Now? With a trading volume of 1,458,238, the price of DE is up by 1.71%, reaching $445.02. Current RSI values indicate that the stock is may be approaching overbought. Next earnings report is scheduled for 83 days from now. Professional Analyst Ratings for Deere In the last month, 4 experts released ratings on this stock with an average target price of $485.0. Turn $1000 into $1270 in just 20 days? 20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access .* Consistent in their evaluation, an analyst from JP Morgan keeps a Neutral rating on Deere with a target price of $450. * An analyst from Truist Securities has decided to maintain their Buy rating on Deere, which currently sits at a price target of $538. * Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for Deere, targeting a price of $475. * Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on Deere with a target price of $477. Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Deere options trades with real-time alerts from Benzinga Pro . © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.When Supreme Court justices debated Tennessee’s ban on gender-affirming care yesterday, they kept calling the science “evolving” and “uncertain. ” Last year, Tennessee made it illegal for doctors to provide gender-affirming care to trans teens. Their reason? The state claims it needs to make sure young people don’t become “disdainful of their sex” — that’s the actual language in the law. That’s not how medicine works, doctors say. “When we ban care or slow down care, we’re affecting an entire age cohort and putting them at risk for worse mental health,” says Dr. Carl Streed Jr., who leads the World Professional Association for Transgender Health’s U.S. chapter and runs research at Boston Medical Center’s GenderCare Center, told USA Today . The state’s case leans heavily on claims about medical uncertainty. But Dr. Joshua Safer, who heads Mount Sinai’s transgender medicine center in New York, also told USA Today the approach for treating trans youth is already “conservative” and carefully individualized. “We try to be thoughtful and conservative when we support parents and kids,” he said. What Tennessee’s law actually does is block doctors from using the same medications for trans kids that they can freely prescribe to other youth for different conditions. It’s this bizarre contradiction that’s now before the Supreme Court. Major medical organizations filed receipts with the Court in the form of amicus briefs. The American Academy of Pediatrics brought the data : Studies show that access to puberty blockers and hormone therapy, when prescribed according to established guidelines, significantly reduces mental health crises for trans youth who need them. But Tennessee’s case relies heavily on six doctors—and that’s where things get sketchy. A recent investigation by Accountable.US found that courts have repeatedly called out four of these experts for: These are the basic facts that got buried in court: While Justice Roberts called this an “evolving situation,” medical groups say the basic science is solid. What’s actually evolving is the political fight—25 states have passed similar bans despite major medical associations opposing them. RECOMMENDED • silive .com Popular ‘90s band cancels upcoming shows after singer ends up in hospital Dec. 5, 2024, 12:47 p.m. Dear Abby: I just found out my fiance is secretly bisexual or gay Dec. 4, 2024, 6:00 a.m. The American Medical Association’s position is clear: “Trans and non-binary gender identities are normal variations of human identity and expression.” They warn that blocking care access can have “tragic health consequences.” The Court will rule by June. At stake isn’t just Tennessee’s law— similar bans in 25 other states could be affected. For trans teens and their doctors caught in the middle, the wait continues.
Scottie Scheffler has new putting grip and trails Cameron Young by 3 in Bahamas
The Whitesboro football team will get a second shot in a row at a state title, but it will need to knock off the team that beat it 35-6 last year. Section I champion Somers is chasing its third straight Class A state title. The Tuskers are in their fourth straight state championship, set for 6 p.m. on Friday at JMA Wireless Dome in Syracuse. Whitesboro is making its third state title game appearance (1996 and 2023). Both teams enter with 13-0 records. Whitesboro ran through opponents during the regular season but the playoffs have challenged the team far more, with a sectional title win by 15, a seven-point win after that then a more convincing 49-21 win over Brighton to get to the title game. “We needed these playoff games,” to face adversity, Whitesboro head coach Curtis Schmidt said. “It all came together for the Brighton game. That was our best game, all three phases of the game against a really good opponent.” But before that, the team was down on the scoreboard early against Corcoran in the section title game and then again against Horseheads. “Which you need to face,” he said. “The kids need to learn how to handle it. The coaches need to learn how to handle it.” And in part because of that, “Now we finally put together a full game effort last week.” When asked what he knows about the team he coached against last year in the dome, Schmidt said: “I know a lot.” He’s watched a lot of video and collected a lot of information, he said. “They’re very good.” The players are always in the right place and there’s no tricking them, he said. “They’ve been here four years in a row for a reason.” The game last year started off perfectly for Whitesboro, but the touchdown that would have given Big Blue such a boost right away was wiped out by a penalty and the team came away from the drive with no points. “If we score first, it’s a different game,” Schmidt said. Still, the defense held and kept it a one-score game deep into the first half. But Somers hit on the big play a few times and got a multi-score lead. “We have to make them drive the football and make them earn their points,” Schmidt said of this time around. “You can’t let up big plays and you can’t turn the ball over, and we did. So we’ll try to control the clock and control the football.” “Last year, although it didn’t turn our way, it helped us,” Schmidt said. “Experience is huge, for the coaches and the players.” The team is about to play its 28th game in the last two seasons, with many contributors on this team there for all of them. “Played a lot of football, played in a lot of big games.” Whitesboro senior quarterback Memphis Ferguson is closing in on 2,000 passing yard, with 1,855 so far and 28 passing touchdowns against four interceptions. He’s also the lead leader with 1,028 yards rushing and 20 TDs on the ground. Senior John Paul DeSantis leads the team with 156 carries and has 719 yards with 11 TDs. Sophomore Connor McDonald has 71 rushes for 726 yards and 13 scores as well as a team-best 30 catches, 709 yards and 12 scores through the air. Ferguson spreads the ball out in the passing game, with 22 passes complete to Mike Hill (363 yards, four TDs), 20 to Jax Hall (433 yards, six TDs) and 12 more to Tyler Thorngren (361 yards, six TDs). The defense has produced a number of turnovers this year — 10 fumbles recovered and 18 interceptions. Hall has five interceptions and Thorngren and Jamir Brooks have three picks each. Somers has replaced Mac Sullivan, the quarterback who led the Tuskers past Whitesboro last year. Now at the helm is Miguel Iglesias, who was a receiver last year, and had three catches for 52 yards and a score against Whitesboro. Schmidt called him an athletic QB. The other two players who produced big offense in last year’s title game are back. Running back Mason Kelly, now a three-year starter, ran 23 times for 94 yards and a TD in last year’s game. Receiver Dean Palazzolo last year had four catches for 154 yards and three TDs, and, according to Schmidt, “is very, very talented and had a big game against us last year.” Defensively, Schmidt said, “They have a really nice scheme. It’s a college-level scheme the way they play it, with their front six.” It took a while last year for Whitesboro to figure it out and adjust to it, the coach said. “We didn’t have all the answers we should have come game time. This year I can confidently say we’re prepared for them.” Added Schmidt on Thursday: “If we can limit their big plays and hold onto the football, we’ll be holding the trophy up tomorrow night.” Watch party The Whitesboro Central School District will host a free, in-person viewing of the game in the high school auditorium for district residents. Doors will open at 5:30 p.m.
The No. 8 Duke Blue Devils face the No. 3 South Carolina Gamecocks on Thursday, Dec. 5, 2024 (12/5/24) in a regular season game at Colonial Life Arena in Columbia, S.C. How to watch: Fans can watch the game for free via a trial of DirecTV Stream or fuboTV . You can also watch via a subscription to Sling TV , which is offering half off your first month. Here’s what you need to know: What: Women’s college basketball Who: Duke vs. South Carolina When: Thursday, Dec. 5, 2024 (12/5/24) Where: Colonial Life Arena Time: 9 p.m. ET TV: ESPN Live stream: DirecTV Stream (free trial), fuboTV (free trial) *** Here‘s a women’s college basketball story via the Associated Press: TCU has grabbed its best ranking ever in The Associated Press Top 25 women’s basketball poll on Monday after a convincing win over Notre Dame as the rankings got a shakeup following a holiday tournament week marked by key losses. The Horned Frogs climbed eight spots to No. 9, the first time the school has ever been in the top 10. The team’s best previous ranking was 13th in 2004. The Fighting Irish, who were third last week, fell seven spots to 10th after losses to TCU and Utah in the Cayman Islands. UCLA remained No. 1 with UConn right behind them. The Bruins received 25 first-place votes from a national media panel while the Huskies garnered the other seven. The Bruins won three games in three days in Hawaii over the Thanksgiving weekend. The Huskies had two wins in a holiday tournament in the Bahamas. South Carolina, Texas and LSU follow UConn in the poll. The Tigers leaped past USC to move up to fifth. The Trojans, Maryland, Duke, TCU and Notre Dame round out the top 10. The Blue Devils moved up five spots to eighth after beating then-No. 9 Kansas State and No. 8 Oklahoma in a tournament in Las Vegas. It’s the highest ranking for Duke in a decade, matching the No. 8 ranking on Nov. 24, 2014. The Wildcats fell to 13th and the Sooners 11th. Both Michigan and Michigan State entered the poll for the first time this season. The last time the two schools both were ranked was Jan. 4, 2021. That was the No. 24 Spartans' last appearance in the Top 25. The 23rd-ranked Wolverines were in the final poll of the 2023 season. N.C. State dropped out of the poll for the first time in 24 weeks, which had been the 10th longest active streak. The Wolfpack are 4-3 with all of those losses coming to current top 10 opponents (South Carolina, TCU and LSU). Wes Moore’s squad faces No. 18 Ole Miss on Thursday in the SEC/ACC challenge. Oregon also fell out. Alabama moved up four spots to No. 19, the school’s best ranking in 25 years. The Crimson Tide improved to 9-0 with a 98-49 win Monday over Georgia State, the team’s best start since going 9-0 to open the 2000-01 season. The Big Ten has nine teams ranked in the poll, most of any conference. The SEC is second with seven. The ACC and Big 12 each have four Top 25 teams and the Big East has one. RECOMMENDED • nj .com How to watch Kentucky women’s basketball vs. North Carolina (12/5/24) online without cable | FREE LIVE STREAM Dec. 5, 2024, 2:00 p.m. How to watch Texas women’s basketball vs. Notre Dame (12/5/24) online without cable | FREE LIVE STREAM for re Dec. 5, 2024, 4:00 p.m. No. 4 Texas at No. 10 Notre Dame, Thursday. The SEC/ACC challenge brings a lot of great matchups, including the Longhorns visiting the Irish. The game features two of the best duos in the game with Texas stars Madison Booker and Rori Harmon playing against Notre Dame’s Olivia Miles and Hannah Hidalgo. The Irish are looking to snap a two-game skid. (The Associated Press contributed to this report) Thank you for relying on us to provide the journalism you can trust. Please consider supporting us with a subscriptionMorningstar, Inc. Increases Quarterly Dividend to 45.5 Cents Per Share