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LIZ Kendall today promises to cut the number of Brits on benefits - as she warns the jobless epidemic is “terrible” for the country. People stuck on welfare are poorer, sicker and less happy, the Work and Pensions Secretary said. She staked her reputation on slashing the welfare bill and getting people back to work. Speaking to The Sun on Sunday at a job centre in Stratford, east London, Ms Kendall said: “I’ve never been swayed from my belief in the value of work. “I believe that the benefits of work go way beyond a pay slip; that work can bring pride, self respect and dignity. “Work is good for your mental health. And as a woman, I believe work can bring you independence and equality.” Asked if she is staking her reputation on cutting the number of people languishing on welfare, Ms Kendall said: “Yes. “I’m not in politics to fail. I am in politics to succeed. “And this will be one of the biggest reforms this government does.” Ms Kendall will this week unveil plans for a radical shake-up of Britain’s broken benefits system to get people into work. Most read in Politics At the heart of it is a tough new ultimatum to get young adults off welfare and in jobs. She will promise every Brit aged 21 and under work or training. Those who refuse will have their benefits withdrawn. Plans to cut £3 billion a year from welfare by reassessing people on long term sick and disability benefits more often will also be set out. Ministers are increasingly worried that the UK is once again turning into the sick man of Europe. Britain spent a staggering £150 billion on non pensioner benefits last year - and the number is predicted to carry on ballooning. Four million people will be claiming long-term sickness benefits by 2030, according to forecasts. This is 60 per cent higher than pre Covid levels. Shocking stats show nearly one million adults aged 24 and under are not in education, employment or training - known as NEETs. Hitting out at the welfare epidemic blighting Britain’s youth, Ms Kendall said: “That is terrible for them. “It’s terrible for businesses, many of whom are desperate to recruit, and it’s terrible for taxpayers seeing an ever higher benefits bill. “And I am determined to bring that down through more and better opportunities for young people to work, to get training and to get skills. “And in return for that, young people will have to take up those offers. “If you’re out of work when you’re young...the consequences can be lifelong. “It can have a long term effect on your job prospects, your ability to earn, and your health, because we know the longer you’re out of work that can be bad for your health too, which increases costs on the taxpayer. “So my commitment to young people is this: I value you. I believe in you. I will offer you the chances and choices you deserve. “But in return for that, you have a responsibility to take them up.” She added: “I’ve always believed, if you can work, you must.” Ms Kendall is “extremely concerned” about the growing number of young adults in their 20s off work because of mental health problems. And she is “worried about the impact of social media on young people”. Her concerns were echoed by the staff at the busy job centre Liz is visiting in east London. They are seeing more and more young adults off work with things like depression and anxiety. The current system of sickness and disability benefits “isn’t working at the moment”, Ms Kendall said. “It’s not working for the people who rely on them, and we are seeing the costs rise”, she warned. Plans to carry out more checks on people on sickness benefits are expected to be set out in the New Year. Brits will also be given more mental health support in schools and via job centres to keep them in training or work. The UK has no choice but to get people back to work - the mission to kickstart economic growth depends on it, Ms Kendall said. “We are the HR department of the growth mission”, she said. But Ms Kendall has come under fire for other welfare cuts announced. Earlier this week, she admitted cuts to winter fuel allowance could force another 100,000 pensioners in England and Wales into poverty. The decision to strip the £300 payments from around 10 million pensioners is hugely unpopular. It will only save the government about £1.4 billion. So, is the cut worth it? “This is not a decision that any of us wanted or expected to make”, Ms Kendall said. “The need to get the public finances sorted, though, is not something we’re going to duck. “I understand how concerned people have been about it, but when money is tight, we took the decision to focus on pensioners in the greatest need.” Britain’s economy is stagnating and business confidence is plummeting. The Labour government says getting people into work and growth going again is their number one mission. READ MORE SUN STORIES They will be judged on the results. Ms Kendall may have the fate of her party in her hands.SEOUL, South Korea (AP) — A jetliner skidded off a runway, slammed into a concrete fence and burst into flames Sunday in South Korea after its landing gear apparently failed to deploy. All but two of the 181 people aboard were killed in one of the country’s worst aviation disasters , officials said. The Boeing 737-800 operated by Jeju Air plane arrived from Bangkok and crashed while attempting to land in the town of Muan, about 290 kilometers (180 miles) south of Seoul. Footage of the crash aired by South Korean television showed the plane skidding across the airstrip at high speed, evidently with its landing gear still closed, and slamming into the wall, triggering an explosion and generating plumes of thick, black smoke. The crash killed 179 people, the South Korean fire agency said. Emergency workers pulled two crew members to safety. They were conscious and did not appear to have any life-threatening injuries, health officials said. The chief of the Muan fire station, Lee Jeong-hyeon, told a televised briefing that the plane was completely destroyed, with only the tail assembly still recognizable in the wreckage. Officials were investigating the cause of the crash, including whether the aircraft was struck by birds, Lee said. The control tower issued a warning about birds to the plane shortly before it intended to land and gave the crew permission to land in a different area, Transport Ministry officials said. The crew sent out a distress signal shortly before the crash, officials said. Investigators retrieved the jet's flight data and cockpit voice recorders, said senior Transport Ministry official Joo Jong-wan. He said it may take months to complete the probe into the crash. The runway will be closed until Jan. 1, the ministry said. Video of the crash indicated that the pilots did not deploy flaps or slats to slow the aircraft, suggesting a possible hydraulic failure, and they did not manually lower the landing gear, suggesting they did not have time, said John Cox, a retired airline pilot and CEO of Safety Operating Systems in St. Petersburg, Florida. Despite that, the jetliner was under control and traveling in a straight line, and damage and injuries likely would have been minimized if not for a barrier being so close to the runway, Cox said. “It’s all in one piece. Everything is coming along fine until it hits that wall, at which point it disintegrates into a catastrophe,” he said. Another aviation expert said videos showed the aircraft had used up much of the runway before touching down. With little braking ability, the aircraft skidded atop its engine cowlings, said Ross “Rusty” Aimer, CEO of Aero Consulting Experts. “It's basically like skidding on ice,” he said. The Boeing 737-800 is a "proven airplane" that belongs to a different class of aircraft than the Boeing 737 Max jetliner that was linked to fatal crashes in 2018 and 2019, added Alan Price, a former chief pilot at Delta Air Lines and now a consultant. More than 4,500 of the planes are in service around the world, according to the aviation analytics company Cirium. One of the survivors was being treated for fractures to his ribs, shoulder blade and upper spine, said Ju Woong, director of the Ewha Womans University Seoul Hospital. Ju said the man, whose name was not released, told doctors he “woke up to find (himself) rescued.” Details on the other survivor were not immediately available. The passengers were predominantly South Korean and included two people from Thailand. Officials identified 88 of them in the hours after the crash, the fire agency said. Thailand’s prime minister, Paetongtarn Shinawatra, expressed condolences to the families of those aboard the plane in a post on X. Paetongtarn said she ordered the Ministry of Foreign Affairs to provide assistance. Boonchuay Duangmanee, the father of a Thai passenger, told The Associated Press that his daughter, Jongluk, had been working in a factory in South Korea for several years and returned to Thailand to visit her family. "I never thought that this would be the last time we would see each other forever,” he said. Kerati Kijmanawat, the director of Thailand's airports, confirmed in a statement that Jeju Air flight 7C 2216 departed from Bangkok's Suvarnabhumi Airport with no reports of anything abnormal aboard the aircraft or on the runway. Jeju Air in a statement expressed its “deep apology” over the crash and said it will do its “utmost to manage the aftermath of the accident.” In a televised news conference, the company's president, Kim E-bae, bowed deeply with other senior company officials as he apologized to bereaved families and said he feels “full responsibility” for the crash. He said the company had not identified any mechanical problems with the aircraft following regular checkups and that he would wait for the results of government investigations. Family members wailed as officials announced the names of some victims at a lounge in the Muan airport. Boeing said in a statement on X that it was in contact with Jeju Air and was ready to support the company in dealing with the crash. The crash happened as South Korea is embroiled in a political crisis triggered by President Yoon Suk Yeol’s stunning imposition of martial law and ensuing impeachment . South Korean lawmakers on Friday impeached acting President Han Duck-soo and suspended his duties, leading Deputy Prime Minister Choi Sang-mok to take over. Choi, who traveled to the site in Muan, called for officials to use all available resources to identify the dead as soon as possible. The government declared Muan a special disaster zone and designated a weeklong national mourning period. Yoon’s office said his chief secretary, Chung Jin-suk, presided over an emergency meeting between senior presidential staff to discuss the crash and reported the details to Choi. Yoon expressed condolences to the victims in a Facebook post. In Rome’s St. Peter’s Square, Pope Francis said he joined in “prayer for the survivors and the dead.” U.S. President Joe Biden said the United States was ready to offer “any necessary assistance.” The Muan crash is one of the deadliest disasters in South Korea’s aviation history. The last time South Korea suffered a large-scale air disaster was in 1997, when a Korean Airlines plane crashed in Guam, killing 228 people on board. In 2013, an Asiana Airlines plane crash-landed in San Francisco, killing three and injuring about 200. Sunday’s accident was also one of the worst landing disasters since a July 2007 crash that killed all 187 people on board and 12 others on the ground when an Airbus A320 slid off a slick airstrip in Sao Paulo, Brazil, and hit a nearby building, according to data compiled by the Flight Safety Foundation, a nonprofit group aimed at improving air safety. In 2010, 158 people died when an Air India Express aircraft overshot a runway in Mangalore, India, and plummeted into a gorge before erupting into flames, according to the safety foundation. Associated Press journalists David Sharp in Portland, Maine; Paul Wiseman in Washington; Bobby Caina Calvan in New York; Chalida Ekvitthayavechnukul and Jintamas Saksornchai in Bangkok; Mari Yamaguchi in Tokyo; and Giada Zampano in Rome contributed to this report.Man City collapse ‘difficult to swallow’ – Pep Guardiola
In the ever-evolving world of technology, Nvidia and Palantir have emerged as powerhouses, fueled by the rapid advancements in artificial intelligence. This year, both companies have seen their stock prices skyrocket, driven by their innovations and strategic moves in the AI arena. Nvidia , famous for its cutting-edge GPUs, has firmly established its dominance in AI-driven data center technology, catapulting its stock price astronomically by 2024. The company’s innovation with its Blackwell platform and extensive investments, such as in its CUDA software, have resulted in enviable profit margins. However, Nvidia’s dependency on external manufacturing partners makes it susceptible to market fluctuations, underscoring the fraught nature of the semiconductor industry. On the other hand, Palantir owes its success to its robust software offerings, particularly with platforms like Gotham, Foundry, Apollo, and its AI Platform (AIP). Initially helping government agencies post-9/11, Palantir has expanded its reach into various domains like cryptocurrency and data protection. The company thrives on large, complex contracts with a few high-value customers, ensuring a niche competitive space but also posing systemic risks if sector dynamics shift unfavorably. Financially, Nvidia has outpaced Palantir with a 94% revenue surge in the third quarter, while Palantir reported a 30% increase. Despite Palantir’s revolutionary growth costing risk with its high valuation, Nvidia offers an attractive investment, combining growth potential with less vulnerability. In conclusion, while both companies’ futures glisten with opportunity in AI, Nvidia appears to offer a more balanced investment with its muscular growth and manageable risks. Nvidia vs. Palantir: The AI Titans and Their Future Prospects As artificial intelligence continues to revolutionize industries worldwide, companies like Nvidia and Palantir have positioned themselves at the forefront of innovation. Let’s delve into what sets these tech giants apart and explore what the future holds for them. Features and Innovations Nvidia’s Technological Edge Nvidia has become synonymous with advanced GPU technology, essential for AI-driven data analysis and visualization. The company’s recent innovation, the Blackwell platform, represents a leap in GPU capabilities with unprecedented computational power and efficiency. Moreover, Nvidia’s CUDA software, pivotal in AI and machine learning applications, continues to expand its functionalities, solidifying Nvidia’s role as a key accelerator in the tech industry. Palantir’s Software Dominance Palantir has made significant strides with its software platforms – Gotham, Foundry, and Apollo. These tools are staple resources for government and private sectors requiring robust data analysis and interpretation. Palantir’s AI Platform (AIP) offers sophisticated data integration across numerous sectors, demonstrating its versatility and adaptability in dynamic environments. Use Cases and Market Trends Nvidia’s Expansion Nvidia’s products have transcended traditional boundaries, finding applications in diverse areas like autonomous vehicles, healthcare diagnostics, and gaming. The GPUs’ ability to process massive datasets quickly and efficiently is crucial for real-time AI applications – a trend that’s likely to continue as more industries embrace AI. Palantir’s Strategic Partnerships Palantir’s platforms are pivotal for large-scale projects requiring intensive data processing – a competitive advantage in sectors like defense, finance, and pharmaceuticals. Furthermore, Palantir’s engagement with cryptocurrency analysis and data protection showcases its commitment to staying ahead of market trends and diversifying its application scope. Security Aspects Nvidia’s Security Challenges As Nvidia pushes boundaries in AI, the complexity of their solutions can expose potential security vulnerabilities. The reliance on external manufacturing introduces risks related to data breaches and intellectual theft, necessitating robust cybersecurity measures to protect their technological investments. Palantir’s Data Protection Given the sensitive nature of the data Palantir handles, security is a top priority. With its roots in government intelligence, Palantir implements stringent security protocols to ensure data integrity and confidentiality, making it a trusted partner for government and corporate clients alike. Predictions and Future Outlook The Path Ahead for Nvidia Nvidia’s trajectory suggests a continued dominance in AI infrastructure markets, especially as they explore innovations in quantum computing and edge AI. The company’s strategic focus on sustaining growth and addressing supply chain vulnerabilities positions them well for future challenges. Palantir’s Forward Movement Palantir’s focus on expanding its commercial sector reach and investing in AI-driven analytics positions it for innovative growth. The company’s commitment to enhancing its platforms indicates their ambition to deepen market penetration and expand service offerings. In conclusion, both Nvidia and Palantir are poised for significant advancements in the AI landscape. Nvidia offers robust growth with its cutting-edge technology and strategic industry focus, while Palantir promises resilience and versatility through its sophisticated data management tools. For investors and tech enthusiasts alike, both companies represent pivotal players in the future of AI advancement. For more information about these companies and their innovative solutions, visit Nvidia and Palantir .
Trump’s controversial designees questioned on Capitol HillMarkus Harding standing out for Sycamores
-- Shares Facebook Twitter Reddit Email In response to the news on Monday that police in Pennsylvania apprehended 26-year-old Luigi Mangione , the prime suspect in the killing of UnitedHealthcare CEO Brian Thompson , Sen. Ted Cruz , R-Texas, is using him as an example of "leftist" views being a mental illness. In a post to X made shortly after Mangione was identified, Cruz shared an article by the New York Post and wrote, "Leftism is a mental disease. The suspected murderer, an Ivy League graduate, 'subscribed to anti-capitalist and climate-change causes, according to law enforcement.' And the murderer has been widely celebrated by leftists online. Tragic & sick." Related Murdering health insurance CEOs will get us nowhere In the wake of Mangione's arrest in Altoona, Pa., a rush of information on the suspect's background has been circulating online, with The New York Times reporting that he attended high school at the Gilman School in Baltimore, where he was an athlete and the valedictorian of his graduating class in 2016, delivering a speech describing his class as “coming up with new ideas and challenging the world around it.” With the only prior criminal activity linked to Mangione being a citation for trespassing in Hawaii, the suspect's online presence shows a split in his path, with a Goodreads review he left on Ted Kaczynski's manifesto referring to the Unabomber as an "extreme political revolutionary," and friends and loved ones expressing concern for him on social media a month prior to the shooting of Thompson, according to The Daily Beast . None of this, however, backs up Cruz's statement. "Person of Interest in the UHC CEO killing Luigi Mangione is being painted as left-wing by the New York Post but his X account shows someone whose thinking is shaped by the Online Right," writes journalist Ari Drennen in a post to X. Read more about this topic "Frankly offensive": UnitedHealth CEO responds to "aggressive" media interest in Thompson murder “We’re still gonna say no”: UnitedHealthcare’s effort to deny coverage to chronically ill patient Only the wealthy have the right to longevity. Medicare for All can fix that MORE FROM Kelly McClure Advertisement:Elon Musk calls Trudeau an ‘insufferable tool’ on his social media platformNEW YORK, Nov. 24, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Quanterix Corporation QTRX resulting from allegations that Quanterix may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Quanterix securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses. WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=31441 call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. WHAT IS THIS ABOUT: On November 12, 2024, after market hours, Quanterix filed a current report on Form 8-K with the SEC. In this current report, the Company announced that on "November 11, 2024, the Audit Committee of the Board of Directors of the Company, based on the recommendation of the Company's management and after discussion with the Company's independent registered public accounting firm, Ernst & Young LLP ("EY"), concluded that the Company's previously issued audited consolidated financial statements as of December 31, 2023 and 2022 and for each of the three years in the period ended December 31, 2023, and its unaudited consolidated financial statements for the quarterly and year-to-date (as applicable) periods ended March 31, 2022, June 30, 2022, September 30, 2022, March 31, 2023, June 30, 2023, September 30, 2023, March 31, 2024, and June 30, 2024 (collectively, the "Non-Reliance Periods"), should no longer be relied upon." On this news, Quanterix's stock price fell $2.77 per share, or 18.3%, to close at $12.40 per share on November 13, 2024. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm , on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/ . Attorney Advertising. Prior results do not guarantee a similar outcome. ------------------------------- Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 case@rosenlegal.com www.rosenlegal.com © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.