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A company that makes superconducting wire for the energy sector has pledged to invest $193.7 million in a production facility in Chatham County that it expects will create 333 jobs, Gov. Roy Cooper’s office announced Tuesday. MetOx International Inc., which has headquarters in Houston, Texas, is a leader in high-temperature superconducting, or HTS, technology across multiple industries. HTS is an advanced power delivery technology capable of transmitting extremely high power at low voltage with zero heat generation or energy loss. The state’s Economic Investment Committee earlier Tuesday approved a Job Development Investment Grant of about $3.18 million over 12 years if MetOx hits job and investment targets. Chatham County is providing incentives of $5.7 million. The company’s Chatham County manufacturing center will produce the company’s Xeus HTS wire, which can make transmission cables up to 10 times more efficient than traditional copper cables, said Bud Vos, CEO of MetOx. “Establishing our new large-scale manufacturing facility in Chatham County is a pivotal step toward securing a reliable, domestic supply of HTS wire for the development of critical infrastructure in the United States,” Vos said. “This facility will not only deliver transformative energy technologies that strengthen our grid and reduce carbon emissions but also create high-paying manufacturing jobs in a community eager to lead in innovation. We are proud to partner with North Carolina to drive forward a resilient energy future built on cutting-edge science and strong local collaboration.” HTS technology is expected to revolutionize critical energy sectors, including power transmission, distribution and grid expansion, while also meeting the high-power demands of AI-driven applications and large data centers, the governor’s office said in a press release. HTS is also pivotal in enabling high-field magnet applications such as next-generation wind turbines, motors and generators for clean aviation and aerospace, advanced defense systems, and magnetic confinement fusion energy. Although specific wages will vary depending on job role, the average salary of the new positions is $75,132, bringing more than $25 million of annual payroll growth to the region. The current average wage in Chatham County stands at $48,413. Over the course of the 12-year term of the state incentives grant, economists in the Department of Commerce estimate the project could grow the state’s economy by $987.8 million. State payments will only occur following performance verification by the departments of Commerce and Revenue that the company has met its incremental job creation and investment targets. MetOx’s JDIG agreement could also move as much as $1.06 million into a fund that helps rural communities across the state attract business in the future.MALAGA, Spain (AP) — won matches in singles and doubles to lead defending champion Italy to a 2-1 comeback victory over Argentina on Thursday, earning a return trip to the semifinals. “I’m here trying to do the best I can in the singles,” Sinner said. “If they put me on the court in doubles, I’ll also try my best.” On Saturday, Italy will face Australia in a rematch of last year's final, but this time it will only be for a chance to play for the championship. earlier Thursday to reach the final four at the team competition for the third consecutive year. The other semifinal, to be contested Friday, is the Netherlands against Germany. The Dutch in the quarterfinals earlier in the week, sending the into retirement. Italy fell behind 1-0 in the quarterfinals when Argentina’s Francisco Cerúndolo defeated Lorenzo Musetti 6-4, 6-1 on an indoor hard court at the Palacio de Deportes Jose Maria Martina Carpena in southern Spain. But then in stepped Sinner, whose season already includes two Grand Slam trophies — at the Australian Open and — plus the title at the in Turin, Italy. First he overwhelmed Sebastián Báez 6-2, 6-1. Then Sinner teamed with 2021 Wimbledon runner-up Matteo Berrettini in the deciding doubles match to win 6-4, 7-5 against Andres Molteni and Maximo Gonzalez. “He carried me today,” Sinner said about Berrettini. After arriving late to Malaga from Turin, Sinner did not get a chance to practice on the Davis Cup competition court before taking on Báez and stretching his streak to 22 sets won in a row. “In three minutes, he was perfectly comfortable on court,” Italy captain Filippo Volandri said. “He’s a special one.” Volandri swapped out his original doubles team, Simone Bolelli and Andrea Vavassori, for Sinner and Berrettini, and the change paid dividends. Australia, the Davis Cup runner-up the last two years, advanced when and Jordan Thompson beat the 6-4, 6-4 in that quarterfinal's deciding doubles match. The Shelton-Paul substitution for Paris Olympics silver medalists Austin Krajicek and Rajeev Ram was announced about 15 minutes before the doubles match began. Ebden and John Peers beat Krajicek and Ram in the Summer Games final in August. The Australians broke once in each set of the doubles. In the second, they stole one of Shelton’s service games on the fourth break opportunity when Ebden’s overhead smash made it 5-4. Thompson then served out the victory, closing it with a service winner before chest-bumping Ebden. made his Davis Cup debut earlier Thursday in singles against 77th-ranked Thanasi Kokkinakis, who emerged from a tight-as-can-be tiebreaker by saving four match points and eventually converting his seventh to win 6-1, 4-6, 7-6 (14). , the U.S. Open runner-up, then pulled the Americans even with a far more straightforward victory over No. 9 , 6-3, 6-4. When their match finally ended, on a backhand by Shelton that landed long, Kokkinakis dropped onto his back and pounded his chest. After he rose, he threw a ball into the stands, then walked over to Australia’s sideline, spiked his racket and yelled, before hugging captain Lleyton Hewitt. “I don’t know if I’ve been that pumped up in my life. I wanted that for my team,” said Kokkinakis, who won the 2022 Australian Open men’s doubles title with Nick Kyrgios. “It could have gone either way, but I kept my nerve.” AP tennis:The Alberta government gave its citizens an Australian sack of “modern” coal for Christmas as well as a load of misinformation accompanied by a mountain of disingenuousness. Announcements, Events & more from Tyee and select partners As Billionaire Overlords Cheer Journalism’s Death, Fight Back Support the reporting you want to see in the world. Join our Tyee Builder drive and sign up by Dec. 31. In an abrupt news conference held Friday, Energy Minister Brian Jean and Environment Minister Rebecca Schulz declared that the government was changing mining policy for Alberta because the world needed more metallurgical coal. “It’s a big day,” said Jean, who has been lobbied relentlessly by the Coal Association of Canada and Australian billionaire and mining magnate Gina Rinehart to support coal mining in the Rockies. The Alberta Coal Modernization Initiative, or CIMI, said Jean, would not only develop new rules for coal mining in the eastern slopes but increase coal royalties which currently stand at one per cent. He added that “air, water and land would not be sacrificed” even though, in addition to opening the door for new underground coal mining projects, he openly embraced support for what the government classifies as a cancelled project : the Grassy Mountain open-pit coal mining development, owned by Rinehart. Yet Jean’s claims defy the geographical realities of coal mining and its environmental risks . Surface-coal mining has a long record of creating toxic dust, destroying mountains and polluting watersheds for decades. For that very reason, Alberta and federal regulators previously rejected Grassy Mountain as “uneconomic” and a significant threat to water quality and quantity in 2021. But Jean has described the project as an “advanced coal project” which supposedly makes it exempt from a current moratorium on coal mining. (The courts are challenging the minister’s interpretation .) He also said Grassy Mountain would be exempt from any new rules. A shift most Albertans oppose During the conference, neither Jean nor Schulz made any reference to what the public really wants. Repeated surveys have consistently shown that most Albertans don’t support coal mining of any kind in the eastern slopes of the Rockies. In fact, most believe the government’s only priority should be the protection of critical watersheds. Jean admitted Friday that coal development in the past had been “bad,” but that something called “responsible resource development” — a catchphrase for every speculative project in Alberta — would prevent selenium pollution, a multi-billion-dollar bane of metallurgical coal mining in neighbouring B.C. and many parts of Alberta. No viable technology has currently solved this environmental problem. “If the technology doesn’t exist, it won’t happen,” Jean responded to a media question. “But we do understand it does exist.” The news conference was so abbreviated that it is not clear what type of surface or underground mining will soon be dotting the eastern slopes in the years ahead, only that more is coming. Queries from The Tyee to the energy minister went unanswered. Reaction to the rushed announcement just five days before Christmas was swift and angry from a variety of Albertans, including former civil servants and environmental experts. Corb Lund, a popular musician who lives in southern Alberta, described the government press conference as “an Orwellian word salad meant to calm the public right before Xmas.” RELATED STORIES When Is Mountaintop Removal Not Mountaintop Removal? In Alberta, of Course! An Australian Coal Baron Subverts Alberta’s Democracy Alberta’s Coal Fight Heats Up He concluded: “Grassy Mountain is a go and we'll say anything to make it happen then let even more mines into the Rockies in after that.” Charges of ‘greenwashing’ Dr. Bill Donahue, the former chief monitoring officer and executive director of science in Alberta’s environmental monitoring branch and now an independent scientist in B.C., was equally blunt. “It is all greenwashing bullshit,” Donahue told The Tyee. “It is a way to push the UCP’s original 2020 plan to open up the eastern slopes of the Rocky Mountains to coal mining, and now we’ll make a case for it again.” He called the announcement “a farce.” Contrary to claims made by Jean that one unspecified coal mining generated revenues as high as $200 million, Donahue said the industry acted as a minor economic player with extreme environmental costs in the province. “For most years in recent history the total provincial coal royalties average around $10 million a year. It is not even a rounding error in terms of provincial budgets.” In his view, claims the government would strengthen regulation in consultation with industry were bogus. “The existing regulations ensured that Grassy Mountain project was rejected by regulators in 2021. If you create a new regime that advocates and approves a project like Grassy as the current government is now doing, then you are weakening standards, not strengthening them.” What Alberta environment monitoring and research has consistently shown, from the McLeod River headwaters to the Crowsnest Pass, added Donahue, is that coal mining pollutes the air with toxic coal dust and contaminates distant waterways with selenium and other heavy metals (arsenic and cadmium) for decades, including long after Alberta's nominal regulatory reclamation has been completed. Moreover, the type of contaminants leaching from coal mines “significantly reduces the quality of water and its suitability for irrigation.” The fact that the Alberta government can look across the Rockies and see what is happening in Elk Valley — where mining has created a multi-billion-dollar selenium problem, complete with lawsuits — and still support coal mining here is just galling, added Donahue. Why is coal mining being supported by the UCP government “when Albertans will benefit so little from it?” he asked. David Luff, the former deputy environment minister who helped craft the 1976 Coal Policy that protected the eastern slopes, characterized Jean’s promise to guard water quality with modernized rules for coal mining as both dishonest and incorrect. “If this were true, the government would not permit any new coal mining in the eastern slopes and require that all lands disturbed by coal exploration and development be reclaimed within the next three years,” Luff told The Tyee. Jean had offered in his news conference that an approach called highwall mining would prevent wider environmental harm. Luff said, “There are currently no coal mines operating anywhere in the world — even those using high-wall mining technologies that prevent 100 per cent of the selenium produced at the mine site from entering watersheds downstream.” Luff added that Northback has already calculated that its proposed mining project will leach 10 micrograms per litre of selenium concentration into downstream waterways — a target 10 times higher than the Government of Alberta guideline for the pollutant. “This information alone should be enough evidence to stop Northback in its tracks,” he told The Tyee. The Alberta’s government new scheme to revive coal mining in the Rockies also failed to include the overwhelming democratic wishes and interests of its citizens, Luff said. “The Government must undertake extensive consultation and engagement regarding the public's vision for the eastern slopes and a set of guiding principles that both the government and the Alberta Energy Regulator would follow to achieve the public's vision,” he said. “The discussion doesn't begin with the development of a new modernized coal policy. The discussion begins with a new modernized eastern slopes policy.” ‘The government hasn’t listened’ Laura Laing and her husband’s ranch is in the municipal district of Ranchland, whose inhabitants overwhelmingly oppose coal mining in the headwaters of the Old Man River as a dramatic threat to water quality. She called Jean’s comments totally disingenuous. “The government hasn’t listened. Saying no open-pit or mountain-top removal does not say no surface coal mining, or no new coal development in this landscape. Albertans aren’t falling for it.” Open-pit mining underway in Elk Valley, BC, on the west side of the Rockies across from the proposed Grassy Mountain project. Photo by Callum Gunn. In 2020, former premier Jason Kenney opened the Rockies to Australian coal speculators when he abruptly cancelled the 1976 Coal Policy that effectively banned open-pit mining in the Rockies. He justified the gutting of protections as needed modernization. And he did so just before a public holiday. But unprecedented public protests forced the Kenney government to backtrack and restore the Coal Policy in 2021. Ever since, the UCP government of Danielle Smith has actively sought ways to support the Australian coal lobby and whittle away at protections for the eastern slopes. Rinehart’s company claims the massive project will right historic wrongs by reclaiming pits and gouges on the mountain left by previous miners. “Wow, that’s smart,” said Jean. “They are looking at something that wasn’t reclaimed properly, they are going to require the company to reclaim it properly, and at the same time they are going to do it economically and not cause environmental problems. That’s a great solution.” The facts speak otherwise. Katie Morrison, executive director for the Southern Alberta chapter of CPAWS, noted that “the previous mine disturbance is 12 per cent of the proposed new project footprint, with an additional eight per cent disturbance by roads and oil and gas developments. It is nonsensical to justify such a massive increase in disturbance and associated long-term and potentially unresolvable risks to air and water quality, species at risk, health, Treaty rights, and many others, in the name of reclamation.” She and other critics don’t understand why Jean calls the destruction of an intact mountain just to reclaim 12 per cent of old mining damages “smart.” Morrison added that Jean’s announcement clearly put the interests of the coal industry ahead of the public interest in the province. She also called the conference a bad case of déjà vu: “The government was highly criticized in May 2020 for quietly rescinding the 1976 Coal Policy on the Friday of a long weekend, without any prior consultation with Albertans.” And now they’ve done the same thing again. A selective referendum Jean’s coal modernization announcement comes on the heels of a fraudulent referendum on the future of coal mining held in the Crowsnest Pass. Fossil fuel lobbyists and the Smith government openly supported the referendum in an attempt to manufacture an illusory social licence for the Grassy Mountain project. When Is Mountaintop Removal Not Mountaintop Removal? In Alberta, of Course! read more Referendums can be blunt instruments. They typically offer a false choice: jobs and prosperity or unemployment and despair. Research has shown they can seduce voters with promises based on corporate or government propaganda with no accountability. As a consequence, they often produce decisions based on limited and biased information or the overstated benefits of some development. That’s exactly what the Grassy Mountain referendum did. It deceptively asked Crowsnest Pass residents if they supported Rinehart’s coal project without mentioning an inconvenient fact: the proposed project is located in the municipal district of Ranchland where almost all residents are opposed to the scheme. An Australian Coal Baron Subverts Alberta’s Democracy read more Asking residents of one geographic location to make judgements on a foreign-owned project actually located in another jurisdiction completely undermines the spirit of democracy. (Incredibly, UCP supporters and the local council for Crowsnest Pass now want to annex part of Ranchland where the mine will be located.) The referendum also excluded a quarter of the tax-paying property owners in the Pass because they did not live there full-time and would have voted no to a mine. Alberta’s Coal Fight Heats Up read more Furthermore, the municipality of Crowsnest Pass also did not disclose its own conflict of interest in sponsoring a referendum. In 2021 the council signed a secret agreement drafted by Rinehart’s company to provide water from the York River water license for the Grassy project. The agreement doesn’t expire until 2028. In a slick corporate campaign, Rinehart’s company spent millions on trying to buy local support and even drove citizens to the polls. It won the referendum by promising jobs and prosperity even though foreign-owned coal mines have a poor track record of delivering either jobs or prosperity. The CEO of Rinehart’s Northback Holdings, Mike Young, has called the recent “yes” vote in the municipality of Crowsnest Pass “a mandate for responsible development.” Young also explained the explicit reason for UCP government intervention on Rinehart’s behalf: “Premier Smith requested a local referendum and voters have given a clear message. The decisive victory shifts the focus to the next steps by the premier and the need to provide clarity on regulatory processes and to provide certainty for resource investment in general.” And that’s what Jean’s modernization announcement was all about. But the so-called modernization policy has cruelly ignored the economic interests of people who depend on fresh water from the mountains in southern Alberta. In particular the framing of the referendum directly disenfranchised more than 200,000 Albertans who live downstream of the mining project, and whose water quality and quantity would be dramatically affected by a mine located in the headwaters of the Old Man River watershed. That was the blunt conclusion of a 2021 regulatory decision that Brian Jean and his government now seek to openly overturn by providing exemptions for billionaire lobbyists, along with deceitful rhetoric about “modernization.” Read more: Albertajili super ace app download apk old version uptodown



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MALAGA, Spain (AP) — No. 1-ranked Jannik Sinner won matches in singles and doubles to lead defending champion Italy to a 2-1 comeback victory over Argentina on Thursday, earning a return trip to the Davis Cup semifinals. “I’m here trying to do the best I can in the singles,” Sinner said. “If they put me on the court in doubles, I’ll also try my best.” On Saturday, Italy will face Australia in a rematch of last year's final, but this time it will only be for a chance to play for the championship. Australia eliminated the U.S. 2-1 earlier Thursday to reach the final four at the team competition for the third consecutive year. The other semifinal, to be contested Friday, is the Netherlands against Germany. The Dutch got past Rafael Nadal and Spain in the quarterfinals earlier in the week, sending the 22-time Grand Slam champion into retirement. Italy fell behind 1-0 in the quarterfinals when Argentina’s Francisco Cerúndolo defeated Lorenzo Musetti 6-4, 6-1 on an indoor hard court at the Palacio de Deportes Jose Maria Martina Carpena in southern Spain. But then in stepped Sinner, whose season already includes two Grand Slam trophies — at the Australian Open and U.S. Open — plus the title at the ATP Finals last weekend in Turin, Italy. First he overwhelmed Sebastián Báez 6-2, 6-1. Then Sinner teamed with 2021 Wimbledon runner-up Matteo Berrettini in the deciding doubles match to win 6-4, 7-5 against Andres Molteni and Maximo Gonzalez. “He carried me today,” Sinner said about Berrettini. After arriving late to Malaga from Turin, Sinner did not get a chance to practice on the Davis Cup competition court before taking on Báez and stretching his streak to 22 sets won in a row. “In three minutes, he was perfectly comfortable on court,” Italy captain Filippo Volandri said. “He’s a special one.” Volandri swapped out his original doubles team, Simone Bolelli and Andrea Vavassori, for Sinner and Berrettini, and the change paid dividends. Australia, the Davis Cup runner-up the last two years, advanced when Matt Ebden and Jordan Thompson beat the surprise, last-minute American pairing of Ben Shelton and Tommy Paul 6-4, 6-4 in that quarterfinal's deciding doubles match. The Shelton-Paul substitution for Paris Olympics silver medalists Austin Krajicek and Rajeev Ram was announced about 15 minutes before the doubles match began. Ebden and John Peers beat Krajicek and Ram in the Summer Games final in August. The Australians broke once in each set of the doubles. In the second, they stole one of Shelton’s service games on the fourth break opportunity when Ebden’s overhead smash made it 5-4. Thompson then served out the victory, closing it with a service winner before chest-bumping Ebden. The 21st-ranked Shelton made his Davis Cup debut earlier Thursday in singles against 77th-ranked Thanasi Kokkinakis, who emerged from a tight-as-can-be tiebreaker by saving four match points and eventually converting his seventh to win 6-1, 4-6, 7-6 (14). No. 4 Taylor Fritz , the U.S. Open runner-up, then pulled the Americans even with a far more straightforward victory over No. 9 Alex de Minaur , 6-3, 6-4. When their match finally ended, on a backhand by Shelton that landed long, Kokkinakis dropped onto his back and pounded his chest. After he rose, he threw a ball into the stands, then walked over to Australia’s sideline, spiked his racket and yelled, before hugging captain Lleyton Hewitt. “I don’t know if I’ve been that pumped up in my life. I wanted that for my team,” said Kokkinakis, who won the 2022 Australian Open men’s doubles title with Nick Kyrgios. “It could have gone either way, but I kept my nerve.” AP tennis: https://apnews.com/hub/tennisIf you're an income investor with $2,000 to put into the market, then the three ASX dividend shares named below could be great picks according to analysts. Here's why they could be among the smartest buys right now: ( ) Analysts at Bell Potter are tipping retail giant Harvey Norman as an ASX dividend share to buy. The broker is positive on the retailer due to its exposure to the artificial intelligence (AI) megatrend. Its analysts believe Harvey Norman stands to benefit greatly from an AI driven major upgrade/replacement cycle of devices that were purchased during the COVID-19 pandemic. In addition, they "view HVN as supported by exclusive access from brands/chip manufacturers given large format stores globally which are attractive to global technology brands/suppliers when launching new products." The broker expects this to support the payment of fully franked dividends of 25.9 cents per share in FY 2025 and then 28.5 cents per share in FY 2026. Based on the current Harvey Norman share price of $4.89, this equates to 5.3% and 5.8% , respectively. Bell Potter has a buy rating and $5.80 price target on its shares. ( ) Over at Goldman Sachs, its analysts think that IPH could be a smart ASX dividend share to buy. It is an intellectual property (IP) services provider that the broker believes is "well-placed to deliver consistent and defensive earnings with modest overall organic growth." In addition, it is worth noting that IPH has one of the best dividend track records on the Australian share market. The company has increased its dividend annually each year over the past decade. Goldman expects this trend to continue and is forecasting fully franked dividends of 36 cents per share in FY 2025 and then 39 cents per share in FY 2026. Based on its current share price of $5.08, this equates to dividend yields of 7.1% and 7.7%, respectively. The broker has a buy rating and $7.50 price target on its shares. ( ) A third ASX dividend share that could be a smart buy is Rural Funds. It is a property company with a collection of assets across a number of agricultural industries. This includes almond and macadamia orchards, premium vineyards, water entitlements, cropping and cattle farms, which are all leased to major industry players on long term contracts with rental increases built in. Bell Potter is a big fan of the company and is forecasting dividends per share of 11.7 cents in FY 2025 and then 12.2 cents in FY 2026. Based on the current Rural Funds share price of $1.74, this will mean yields of 6.7% and 7%, respectively. The broker has a buy rating and $2.50 price target on its shares.

PHOTOSHOP maker Adobe forecast fiscal 2025 revenue below Wall Street estimates on Wednesday (Dec 11), indicating the company’s investments to weave artificial intelligence (AI) into its software applications were taking longer to bear fruit. Shares of the San Jose, California-based company fell over 8 per cent in extended trading. The company forecast revenue between US$23.3 billion and US$23.55 billion compared with estimates of US$23.78 billion, according to data compiled by LSEG. Adobe expects a headwind of around US$200 million to its fiscal 2025 revenue as a result of foreign exchange volatility and the company’s shift towards subscriptions. The company is making significant investments in AI-driven image and video generation technologies in response to the growing competition from well-capitalised startups such as Stability AI and Midjourney. While Adobe projected strong growth for the second half of the year in June, its forecast on Wednesday indicated the company was still struggling to monetise its AI push. The company forecasts first-quarter revenue between US$5.63 billion and US$5.68 billion, below estimates of US$5.73 billion. REUTERS

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