Columbia

Fraser Institute News Release: B.C. government per-person spending in 2022/23 almost 20% higher than 2019 despite end of pandemic

Retrieved on: 
Wednesday, February 21, 2024

government has changed course from nearly two decades of restrained spending to record-high spending levels as measured by per-person spending adjusted for inflation,” said Ben Eisen, senior fellow at the Fraser Institute and co-author of British Columbia’s Current Spending Peak: Highest in History, Highest Growth in Canada.

Key Points: 
  • government has changed course from nearly two decades of restrained spending to record-high spending levels as measured by per-person spending adjusted for inflation,” said Ben Eisen, senior fellow at the Fraser Institute and co-author of British Columbia’s Current Spending Peak: Highest in History, Highest Growth in Canada.
  • government spending (in 2022/23) reached its highest point ever on a per-person basis ($14,275) after adjusting for inflation, higher than during the height of the pandemic ($13,899).
  • As a result, the government projects a $5.6 billion budget deficit this fiscal year.
  • To protect the Institute’s independence, it does not accept grants from governments or contracts for research.

Tri-Continental Corporation Declares First Quarter Distribution

Retrieved on: 
Friday, March 1, 2024

Tri-Continental Corporation (the “Corporation”) (NYSE: TY) today declared a first quarter ordinary income distribution of $0.2560 per share of Common Stock and $0.6250 per share of Preferred Stock.

Key Points: 
  • Tri-Continental Corporation (the “Corporation”) (NYSE: TY) today declared a first quarter ordinary income distribution of $0.2560 per share of Common Stock and $0.6250 per share of Preferred Stock.
  • The $0.2560 per share ordinary income distribution on the Common Stock is in accordance with the Corporation’s distribution policy.
  • The Corporation’s current distributions (as estimated by the Corporation based on current information) are from the earnings and profits of the Corporation.
  • No amount of the Corporation’s current distribution consists of a return of capital (i.e., a return of some or all of your original investment in the Corporation).

Asset Sale and Plan of Liquidation and Dissolution Approved by SQZB Shareholders

Retrieved on: 
Thursday, February 29, 2024

SQZ Biotechnologies Company (OTC: SQZB) (the “Company” or “SQZ”) today announced the results for the proposals considered and voted upon by its shareholders at its special meeting on February 29, 2024 (the “Special Meeting”).

Key Points: 
  • SQZ Biotechnologies Company (OTC: SQZB) (the “Company” or “SQZ”) today announced the results for the proposals considered and voted upon by its shareholders at its special meeting on February 29, 2024 (the “Special Meeting”).
  • In addition, according to the report of the inspector of election, approximately 98% of votes cast at the meeting – approximately 70% of the outstanding Shares as of the record date – were voted in favor of the liquidation and dissolution of the Company pursuant to the Plan of Liquidation and Dissolution (the “Plan”).
  • In furtherance of the liquidation and dissolution of the Company pursuant to the Plan, the Company intends to file a certificate of dissolution with the Secretary of State of the State of Delaware on or about March 4, 2024 (the “Effective Time”).
  • Additional information regarding the Plan and the liquidation and dissolution process can be found in the Company’s proxy statement filed with the U.S. Securities and Exchange Commission (the “SEC”) on January 23, 2024.

Leonardo DRS Signs Land Lease to Build State-of-the-Art Naval Propulsion Manufacturing and Test Facility Near Charleston, S.C.

Retrieved on: 
Tuesday, February 27, 2024

When complete there will be over 140,000 square feet of purpose-built advanced manufacturing, assembly and testing space representing an approximate net investment of $120 million by DRS.

Key Points: 
  • When complete there will be over 140,000 square feet of purpose-built advanced manufacturing, assembly and testing space representing an approximate net investment of $120 million by DRS.
  • “We are proud to be building the next-generation electric propulsion system components for the new Columbia-class ballistic missile submarine,” said Leonardo DRS CEO, Bill Lynn.
  • When completed, the facility will have the capability to manufacture, integrate and test large components for DRS’s advanced naval electric propulsion systems.
  • ; control systems designed and manufactured in the DRS facility in Danbury, CT., and cooling equipment designed and manufactured in the DRS facility in High Ridge, MO.

Baszucki Group Announces Columbia University's Martin Picard, PhD as Inaugural Recipient of $1.5 Million Baszucki Prize in Science

Retrieved on: 
Tuesday, March 5, 2024

SAN MATEO, Calif., March 5, 2024 /PRNewswire/ -- Baszucki Group today announced that Columbia University's Martin Picard, PhD, is the first to receive the new Baszucki Prize in Science. Dr. Picard, Associate Professor of Behavioral Medicine in Psychiatry and Neurology, received the $1.5 million prize for his groundbreaking work connecting brain energetics and mitochondria to the human experience. Dr. Picard has led seminal research establishing mitochondrial psychobiology as a critical new field advancing our understanding of health and disease.

Key Points: 
  • Dr. Picard has led seminal research establishing mitochondrial psychobiology as a critical new field advancing our understanding of health and disease.
  • "Baszucki Group has been an invaluable supporter of our work and I am honored to be the first to receive this prestigious new prize," said Dr. Picard.
  • Baszucki Group's prize programs are designed to reward progress in science, medicine, and other disciplines.
  • The newly established Baszucki Prize will periodically recognize an individual who has leveraged prior Baszucki Group funding to make exceptional contributions to their field.

NASA Honors Life of Former Administrator, Astronaut Richard Truly

Retrieved on: 
Thursday, February 29, 2024

WASHINGTON, Feb. 29, 2024 /PRNewswire/ -- The following is a statement from NASA Administrator Bill Nelson on former NASA Administrator and astronaut Richard Truly, who passed away Feb. 27, 2024, at his home in Genesee, Colorado, at the age of 86.

Key Points: 
  • WASHINGTON, Feb. 29, 2024 /PRNewswire/ -- The following is a statement from NASA Administrator Bill Nelson on former NASA Administrator and astronaut Richard Truly, who passed away Feb. 27, 2024, at his home in Genesee, Colorado, at the age of 86.
  • "NASA is the place it is today because of people of character, vision, and a spirit of service – people like the great man we lost Feb. 27, former NASA administrator, associate administrator, and astronaut Richard Truly.
  • "As an astronaut, Richard was part of the crew for the Approach and Landing Tests of the space shuttle Enterprise.
  • "As associate administrator, after the Challenger crisis, Richard brought NASA to its first liftoff and return to flight.

Government of Canada announces recipients of Canada's Volunteer Awards

Retrieved on: 
Wednesday, February 28, 2024

On behalf of all Canadians, I want to thank all the volunteers across Canada, including all those who were nominated, for continuing to make a difference in their communities.

Key Points: 
  • On behalf of all Canadians, I want to thank all the volunteers across Canada, including all those who were nominated, for continuing to make a difference in their communities.
  • You represent the best part of Canada, and because of your selfless work, our communities are better and stronger."
  • Recipients can be individual volunteers or groups of volunteers, socially responsible businesses, social enterprises, or not-for-profit organizations.
  • The award ceremony will take place on April 15, 2024, and will celebrate 10 years of Canada's Volunteer Awards.

El Niño's final stand; A mild but moody spring across Canada

Retrieved on: 
Wednesday, February 28, 2024

To answer this question, The Weather Network has issued their Spring Forecast for the months of March, April and May.

Key Points: 
  • To answer this question, The Weather Network has issued their Spring Forecast for the months of March, April and May.
  • "Therefore, we expect this spring will feature profound mood swings across Canada as periods of late winter-like weather interrupt our journey towards consistent warm weather.
  • However, we expect that warmer-than-normal temperatures will outduel the cold weather for most Canadians this spring."
  • However, the mild spring will be moody at times with periods of colder-than-normal temperatures, a risk for significant late winter weather and even a threat for a late season frost.

Bushy Park, a subsidiary of Pacolet Milliken, LLC, is the new home to Leonardo DRS, which will invest $120 million and create 58 new jobs in Berkeley County, SC.

Retrieved on: 
Tuesday, February 27, 2024

GREENVILLE, S.C., Feb. 27, 2024 /PRNewswire/ -- Pacolet Milliken, LLC is proud to welcome Leonardo DRS to Bushy Park, Pacolet's industrial site in Berkeley County, SC.

Key Points: 
  • GREENVILLE, S.C., Feb. 27, 2024 /PRNewswire/ -- Pacolet Milliken, LLC is proud to welcome Leonardo DRS to Bushy Park, Pacolet's industrial site in Berkeley County, SC.
  • Leonardo DRS specializes in the design, development and manufacture of advanced sensing, network computing, force protection, and electric power and propulsion technologies.
  • The combination of deep-water access, available land, and existing power were key drivers for Leonardo DRS in making its decision to locate in Bushy Park.
  • "The addition of Leonardo DRS to Bushy Park represents our continued focus on building out our entire site with high quality, long-tenured companies.

Supreme Court dismisses Secure Energy's application to appeal the successful challenge of Secure and Tervita merger

Retrieved on: 
Monday, February 26, 2024

GATINEAU, QC, Feb. 26, 2024 /CNW/ - The Competition Bureau welcomes the Supreme Court of Canada's (SCC) decision to dismiss an application by Secure Energy seeking leave to appeal the Bureau's successful challenge of the merger of two rival suppliers of oilfield waste services.

Key Points: 
  • GATINEAU, QC, Feb. 26, 2024 /CNW/ - The Competition Bureau welcomes the Supreme Court of Canada's (SCC) decision to dismiss an application by Secure Energy seeking leave to appeal the Bureau's successful challenge of the merger of two rival suppliers of oilfield waste services.
  • The Bureau recently approved R360 Environmental Solutions Canada Inc. as the buyer of the 29 facilities.
  • The facilities include 17 treatment, recovery, and disposal facilities, 4 standalone water disposal wells, 6 landfills and 2 caverns.
  • Secure acquired these facilities as part of the merger.