Look up business – Myrlina Hermes http://myrlinahermes.com/ Wed, 18 May 2022 18:28:44 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://myrlinahermes.com/wp-content/uploads/2021/06/icon-6-150x150.png Look up business – Myrlina Hermes http://myrlinahermes.com/ 32 32 A Small Business Guide to Retention in Construction https://myrlinahermes.com/a-small-business-guide-to-retention-in-construction/ Wed, 18 May 2022 18:21:45 +0000 https://myrlinahermes.com/a-small-business-guide-to-retention-in-construction/ Image source: Getty Images Retention in construction is often a point of contention between construction companies and their clients. Here’s what you need to know about holdback and how it could affect your business. Detention is nine letters, but for many entrepreneurs it is a four letter word. Withholding, which involves withholding part of a […]]]>

Image source: Getty Images

Retention in construction is often a point of contention between construction companies and their clients. Here’s what you need to know about holdback and how it could affect your business.

Detention is nine letters, but for many entrepreneurs it is a four letter word.

Withholding, which involves withholding part of a contractor’s payment until the job is completed, not only shows a lack of confidence in a contractor’s abilities and reliability, but can also cause real financial hardship. to small businesses that need to pay bills.

However, the developers say it’s a necessary evil to protect them from projects going awry.

What exactly is retention and how can you manage it as a small business? This guide breaks down some of the most frequently asked questions about this practice.

Holdback Overview and History

Holdback refers to money scheduled for a construction project that is held back until the client deems the work to be substantially complete and confirms that the contractor has fulfilled the contract. It is intended to protect the client’s investment in the event that a construction project encounters major problems.

The practice began in the 1840s with the UK rail system. The increased demand for railway construction brought a flood of new contractors, many of whom were inexperienced and presented a great financial risk to the railway companies.

As a result, these companies began withholding up to 20% of payments to contractors until they were confident in the progress of the project.

This practice effectively jeopardizes the contractor’s profit rather than the investor’s money, increasing the incentive to execute the project well and discouraging underbidding.

Today, restraint is a common tool for reducing risk for developers, especially for complex, large-scale projects where the risks are higher.

Retention vs Retention: What’s the Difference?

In construction, the terms retention and detention are most often used interchangeably. However, in some cases there is a slight difference: withholding in construction may refer specifically to the money that is withheld, while withholding refers to the deed itself.

Even then, however, the two terms essentially refer to the same thing.

How Restraint Works in Construction Management

Restraint is simple. For example, a client hires a contractor to build a 20,000 square foot office building for $200 per square foot, or $4 million in total. The contract includes a 5% holdback agreement.

The client pays the contractor $3.8 million to complete the work and retains $200,000 as a holdback. This holdback is released once the project is completed and the customer approves it.

How does the holdback affect contractors and subcontractors?

The holdback protects customers, but it can create difficulties for contractors or subcontractors, who may find it difficult to pay their own bills because they have to wait longer to receive payment. Small construction companies do not have deep pockets and are more likely to encounter financing problems.

Some contractors include the holdback as a cost in their bid, which increases the cost to customers and induces some of them to reduce or eliminate the holdback altogether. Some states have laws setting a maximum withholding rate.

FAQs

  • Holdbacks and retention fees differ depending on the type of work, the size of the project and the client. For private jobs, you can typically expect an average retention of 7.5%, while state and federal jobs typically charge less than that.

  • For federal contracts, contracting officers are permitted to withhold up to 10% of payment on a case-by-case basis, but restrictions prevent contracting officers from withholding money arbitrarily.

    There is no national federal law limiting retention rates – however, some states have enacted their own laws. For example, Alabama limits the holdback to 10% for private projects and 5% for public projects.

    Virginia has no holdback limit for private projects, but does limit holdback to 5% for public projects and allows contractors to place withheld funds in an escrow account for public contracts over $200,000.

    Only one state – New Mexico – completely prohibits the practice, although the law allows a “closing payment” of 5% to 10% of the total contract value, meaning the practice is functionally permitted under a term different.

  • Usually the client releases the money when the project is “nearly done”. What this means depends on the contract you have signed with the customer. Some developers will keep money long after project completion if the contract allows.

    Carefully review any contract you sign with a customer to make sure it defines exactly what parameters must be met for the holdback to be released – and make sure you agree with that definition.

  • Many factors come into play, from your reputation to your relationship with the client to the size of the project.

    For example, if your construction company has already exceeded its budget with a client and you are working on a much larger and more complex project for this client this time around, it is more likely that you will incur high restraint.

  • It is possible, if your contract allows it. If so, you may have to bite the bullet and decide next time to review the contract carefully and have clear terms on what parameters you must meet for the funds to be released.

    If you have done so and you believe the customer is withholding funds in violation of the contract, contact a contract lawyer to review your case.

  • If you are a sub-contractor for a prime contractor and you have done your work, you may feel that you are entitled to the full retainage claims, even if the prime contractor has none. not yet finished with theirs.

    In some cases, prime contractors are permitted to withhold holdback from subcontractors until the entire project is complete, but industry practice varies and is very much dependent on how the contract is executed. written. Ask a lawyer to check your contract if you are unsure.

  • Filing a lien is an effective way to collect a debt because it creates a claim against the debtor’s assets. So it can be a good option for contractors looking to get their retainer paid when customers drag their feet.

    Check state laws on lien filing deadlines so you don’t miss yours. Laws governing the filing of liens for retentions vary widely from state to state, so consult an attorney first.

  • Not surprisingly, this practice is not popular with contractors and subcontractors, as it places a financial burden on them.

    The American Subcontractors Association (ASA) calls the holdback system “increasingly unfair and counterproductive” and supports the elimination of “unnecessary holdbacks” on construction projects as well as legislation that would prohibit a prime contractor to retain a higher percentage of subcontractors than its own retention rate.

    Additionally, ASA supports legislation that would escrow funds with accrued interest, so contractors would receive a bonus that would increase as funds are held.

Software can help you manage deductions

When you are in the management of construction projects, it is useful to manage your relationships with customers through construction management software.

The Ascent has reviewed a number of top platforms that will help you manage construction documents and keep up to date with all your agreements and contracts.

Construction management software can also do a lot of other things for your business, like giving you a daily construction report, organizing plans, and tracking bids.

Disclaimer: This article is provided for informational purposes only and does not constitute legal advice. Consult an attorney before taking any of the actions described in this article.

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Elon Musk gives his two cents on Disney’s copyright issues https://myrlinahermes.com/elon-musk-gives-his-two-cents-on-disneys-copyright-issues/ Tue, 17 May 2022 02:12:20 +0000 https://myrlinahermes.com/elon-musk-gives-his-two-cents-on-disneys-copyright-issues/ Since his bid to acquire Twitter was accepted by the social media company’s board of directors, Elon Musk has given his two cents on several issues, from the war in Ukraine to woke politics and lately, Disney copyright issues. In a recent tweet, Elon Musk took sides in the somewhat contentious debate over the protection […]]]>

Since his bid to acquire Twitter was accepted by the social media company’s board of directors, Elon Musk has given his two cents on several issues, from the war in Ukraine to woke politics and lately, Disney copyright issues.

In a recent tweet, Elon Musk took sides in the somewhat contentious debate over the protection of authors’ and creators’ rights. Musk also talked about the Digital Millennium Copyright Act (DMCA), which addresses issues between copyright and online content.

Musk’s comments came in response to news about U.S. Senator Josh Hawley (R-Mo), who recently introduced a bill to strip Disney of special copyright protections. If Hawley’s bill passes, Disney’s most famous character, Mickey Mouse – especially his iteration in the 1928 short Steamer Willie — would enter the public domain.

Weighing in on the matter, Musk said copyright law goes far beyond simply protecting the original creator of a work. He also shared some pointed thoughts on the “overzealous DMCA.”

“Current copyright law generally goes far beyond the protection of the original creator. The overzealous DMCA is a scourge on humanity,” Musk wrote.

Musk’s tweets suggest he supports, at least to some degree, the idea of ​​lowering copyright terms.

Disney definitely benefited from extended copyright terms. When the 1928 Mickey Mouse short was first released, the character was protected for 56 years. When that copyright was about to expire in 1984, however, Disney lobbied the federal government, extending protections for Steamer Willie Mickey for 75 years. More lobbying over the next few years eventually extended Disney’s copyright on the character to 95, which would expire in 2024.

Although Disney may lose copyright to Mickey Mouse Steamer Willie iteration, however, that doesn’t mean other versions of the popular character will automatically enter the public domain. Disney, for example, still owns the copyright for other versions of the character, like the movie’s “Sorcerer Mickey.” Fancy.

Feel free to contact us with new tips. Just send a message to Simon@teslarati.com to give us a heads up.

Elon Musk gives his two cents on Disney’s copyright issues






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What is happening ? Focus on eight development projects in the Quad-Cities | Business & Economy https://myrlinahermes.com/what-is-happening-focus-on-eight-development-projects-in-the-quad-cities-business-economy/ Sun, 15 May 2022 10:00:00 +0000 https://myrlinahermes.com/what-is-happening-focus-on-eight-development-projects-in-the-quad-cities-business-economy/ Keenan and Keillyn Rogers stand in their Mi Frass Organics storefront at 2117 16th St. in Moline. The couple, who started selling CBD products online in April 2021, opened a physical storefront in January and hope to one day apply for a license to open a marijuana dispensary. April marked a year since a Moline […]]]>





Keenan and Keillyn Rogers stand in their Mi Frass Organics storefront at 2117 16th St. in Moline. The couple, who started selling CBD products online in April 2021, opened a physical storefront in January and hope to one day apply for a license to open a marijuana dispensary.


April marked a year since a Moline couple started selling CBD products online. Then, in January, Keillyn and Keenan Rogers opened a physical storefront at Moline, 2117 16th St., to sell their homemade CBD products.

CBD is derived from the hemp plant, a cousin of marijuana without as much THC, the psychoactive ingredient that makes marijuana users “high.” Products made with CBD are promoted as organic treatments for health conditions such as skin irritations, anxiety, and pain.

The couple infuse unlimited bath bombs, sticks, snacks, soaps, lotions and even slushies on the spot with CBD. They also manufacture and package CBD-infused cereals, chips and gummies, Keillyn Rogers said.

“We wanted to specialize in CBD. So every product here, other than our clothes with our name on it or the masks, everything else is infused with CBD,” added Keenan Rogers.

One day, they hope to apply for and open a marijuana dispensary, as the state of Illinois has made efforts to increase dispensary ownership by blacks and Latinos.

“It’s a start for us,” Keenan Rogers said.

To the couple’s knowledge, they are the first black owners of a CBD store in the Quad-Cities, but they didn’t know it when they decided to open a store.

The couple work full-time outside of running the store, so they found a great place to be open from 3-8 p.m. on weekdays and 11 a.m.-6 p.m. on Saturdays.

“Anything worthwhile isn’t always easy,” Keenan Rogers said. “It’s fun, though, to be busy.”

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G-7 leaders celebrate VE Day by highlighting unity and support for Ukraine | News https://myrlinahermes.com/g-7-leaders-celebrate-ve-day-by-highlighting-unity-and-support-for-ukraine-news/ Sun, 08 May 2022 17:13:13 +0000 https://myrlinahermes.com/g-7-leaders-celebrate-ve-day-by-highlighting-unity-and-support-for-ukraine-news/ LONDON (AP) — Leaders of the Group of Seven’s developed democracies pledged Sunday to eliminate or ban the import of Russian oil, as they met with Ukrainian President Volodymyr Zelenskyy for online talks to stress their support and to show unity among Western allies on Victory in Europe Day, which marks the surrender of Nazi […]]]>

LONDON (AP) — Leaders of the Group of Seven’s developed democracies pledged Sunday to eliminate or ban the import of Russian oil, as they met with Ukrainian President Volodymyr Zelenskyy for online talks to stress their support and to show unity among Western allies on Victory in Europe Day, which marks the surrender of Nazi Germany in 1945.

Cutting off Russian oil supplies will ‘hit the main artery of (President Vladimir) Putin’s economy hard and deny him the revenue he needs to fund his war’, the G-7 nations, which include states United States, Britain, Canada, Germany, France and Italy and Japan, said in a statement.

“We will ensure that we do this in a timely and orderly manner, and in a way that gives the world time to secure alternative supplies,” they added.

Looking back on World War II, the leaders stressed unity in their resolve that Putin must not win.

“We owe it to the memory of all who fought for freedom in World War II to continue to fight for it today, for the people of Ukraine, Europe and the global community,” they said.

US President Joe Biden’s call with G7 leaders and Zelenskyy lasted about an hour.

The United States also announced new sanctions against Russia for its invasion of Ukraine. These include cutting Western advertising from Russia’s three largest television channels, banning US accounting and consulting firms from providing services to any Russian, and imposing additional restrictions on Russia’s industrial sector, including to cut off Moscow from wood products, industrial engines, boilers, bulldozers and Suite.

The White House announced the new sanctions ahead of VE Day on May 9, when Russia traditionally celebrates the defeat of Nazi Germany in 1945 with huge military parades.

Putin is expected to talk about what he calls his special military operation in Ukraine and address troops in Red Square on Monday.

American and European allies sought to deliver a counter-message that Putin is further isolating Russia from the rest of the world and hurting Russia’s economy immensely.

The new round of US sanctions will hit three of the most popular Russian TV channels in Russia – Channel One Russia, Russia-1 and NTV – which the US says have been at the forefront of broadcasting fake information about the prosecution of the invasion by Russia.

The Biden administration says new sanctions barring U.S. accounting and consulting firms from doing business in Russia will help prevent Russian corporations and elites from getting help to hide their wealth and escape an avalanche of sanctions that have already been adopted.

The United States also said it imposed some 2,600 visa restrictions on Russian and Belarusian officials and issued a new visa restriction policy that applies to Russian officials and military authorities.

The United States has sanctioned 27 executives of Gazprombank, a bank that facilitates sales of Russia’s Gazprom, one of the world’s largest natural gas exporters, to Europe. The sanctions are the first time the United States has hit the bank that plays a vital role in Russia’s massive gas exports, but the move stalled long before the full lockdown sanctions the United States slapped. other major Russian banks.

Ahead of the call, British officials said Britain would provide an additional 1.3 billion pounds ($1.6 billion) in military support to Ukraine to help the country defend against Russian forces.

The funding, which comes from UK government reserves, includes £300m of military equipment pledged by Prime Minister Boris Johnson earlier this week, such as radar systems to target Russian artillery, GPS jamming equipment and night vision devices.

Canadian Prime Minister Justin Trudeau paid a surprise visit to Ukraine on Sunday, visiting the northern town of Irpin, which had been heavily damaged by Russia’s attempt to take the capital of kyiv at the start of the war . On Sunday, the mayor posted images of Trudeau on social media, saying the Canadian leader was shocked by the damage he had seen in civilian homes.

Trudeau’s office later said that “the prime minister is in Ukraine to meet with President Zelenskyy and reaffirm Canada’s unwavering support for the people of Ukraine.”

Jill Biden also made an unannounced visit on Sunday, arranging a surprise Mother’s Day reunion in western Ukraine with first lady Olena Zelenska. Biden has traveled under the cloak of secrecy, becoming the last high-profile American to enter Ukraine during his 10-week war with Russia.

“I wanted to come on Mother’s Day,” the first lady told Zelenska. “I thought it was important to show the people of Ukraine that this war must end and that this war has been brutal and that the people of the United States stand with the people of Ukraine.”

In Germany, Chancellor Olaf Scholz said in a televised address that Sunday was “a May 8 like no other”.

He said Germany had worked hard to come to terms with its actions during World War II, reconciling with Russia and Ukraine and committing to the concept of “never again”. But Russia’s “barbaric” invasion of Ukraine in February brought war back to Europe, Scholz said, a prospect that once seemed unthinkable.

“Freedom and security will prevail – just as freedom and security triumphed over unfreedom, violence and dictatorship 77 years ago,” Scholz said in his speech.

German Bundestag President Bärbel Bas, Germany’s second-highest ranking official after the president, met with Zelenskyy in kyiv on Sunday and attended a commemorative event in honor of the anniversary of the end of World War II.

“We really appreciate that on the day of remembrance and reconciliation itself, and in what is such a trying time of war for us, the President of the German Bundestag Bärbel Bas came to support Ukraine,” a message said. posted on Zelenskyy’s Telegram channel on Sunday. .

Madhani reported from Wilmington, Delaware. Emily Schultheis in Berlin contributed to this report.

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“It’s just a ball of inspiration” – CBS Philly https://myrlinahermes.com/its-just-a-ball-of-inspiration-cbs-philly/ Sat, 07 May 2022 02:20:00 +0000 https://myrlinahermes.com/its-just-a-ball-of-inspiration-cbs-philly/ PHILADELPHIA (CBS) — A first for the Northern Liberties community. The region’s first community arts center has opened. This female and black owned business is a work of art in itself in what it will offer people of all ages. READ MORE: Bucks County mother-daughter duo use story of breast cancer battle to inspire hope […]]]>

PHILADELPHIA (CBS) — A first for the Northern Liberties community. The region’s first community arts center has opened.

This female and black owned business is a work of art in itself in what it will offer people of all ages.

READ MORE: Bucks County mother-daughter duo use story of breast cancer battle to inspire hope in others

If you are on Liberties Walk in Northern Liberties you will see countless new establishments including 1040 Creative.

“1040 creative is a cultural center and a gallery. We are here for the community. Artist-run, artist-run,” said artist, instructor and co-owner Pauline Houston McCall.

One of the other co-owners describes it like this.

“It’s just a ball of inspiration. We hope to inspire anyone who walks through the doors,” said artist, teacher and co-owner Sheena Garcia.

And finally, the vision of the third partner.

READ MORE: Local non-profit turning for home Preparing racehorses for a second career

“An arts center, cultural arts center and gallery where we celebrate the diversity of cultures,” said artist, teacher and co-owner Marcy Lois Stein.

We also discussed what they hope visitors or guests will experience when they pass by.

“I want them to come away inspired,” McCall said.

“I want them to feel welcome and at home and to be able to explore without hesitation asking questions about the art,” Stein said.

There will be tons of classes for singles, couples, young and old, for the experienced and for the beginners.

“We have a monthly roster and we have pop-up classes that may appear during the week just for the general public,” Garcia said.

NO MORE NEWS: American Red Cross and Philly Fire Department team up to install free smoke alarms in homes in Wissinoming, Frankford

Whether you’re in the market to buy art, just to look at it and be inspired by it, to learn more, or to create it yourself, the ladies at 1040 Creative hope you’ll let them help you.

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Wacky electric car made in Colorado finds a second life with enthusiasts https://myrlinahermes.com/wacky-electric-car-made-in-colorado-finds-a-second-life-with-enthusiasts/ Thu, 05 May 2022 10:01:37 +0000 https://myrlinahermes.com/wacky-electric-car-made-in-colorado-finds-a-second-life-with-enthusiasts/ In addition to the bizarre styling, the seller noted that the car was an all-electric vehicle built in Englewood. Kavanaugh didn’t hesitate. He had watched his future rot in a Denver dump. “He has a face only a mother could love,” Kavanaugh said. “We just sort of decided: we have to buy one.” Kavanaugh would […]]]>

In addition to the bizarre styling, the seller noted that the car was an all-electric vehicle built in Englewood. Kavanaugh didn’t hesitate. He had watched his future rot in a Denver dump.

“He has a face only a mother could love,” Kavanaugh said. “We just sort of decided: we have to buy one.”

Kavanaugh would eventually purchase another Unique Mobility Electrek which was in better condition than the first vehicle. The film student quickly fell in love with the car’s many quirks, including a “defroster” that was nothing more than a Gillette hair dryer attached under the dash.



Since then, the film student has helped build a community dedicated to not just putting cars back on Colorado’s roads, but establishing their place in automotive history.

He created a website and social media accounts to commemorate the vehicle. Former Unique Mobility engineers even helped Kavanaugh restore a pair of model cars to working order.

“They were Elon Musk before Elon Musk,” Kavanaugh said. “Even though few people know about them, it’s one of the main reasons why electric cars are still on the road today.”

Kevin J. Beaty/Denverite
Old ads for Unique Mobility’s Electrek “van” which features the very model parked in Declan Kavanaugh’s family garage in Monument. March 19, 2022.

A car born out of the 1973 energy crisis

Unique Mobility founder John Gould is now 84 and lives in Lakewood. One recent afternoon, he sat at his kitchen table with filing cabinets full of photos and news articles documenting the company’s history. If any greasy young apes have taken an interest in the Electrek, he wants to make sure they succeed.

Gould incorporated Unique Mobility in 1967 hoping to build a small sports car. To help fund the project, the company developed a specialty in fiberglass products like kayaks and airplane parts.

Its main focus was dune buggies, which Gould said were often sold to tourist attractions, hobby kits, or pizza delivery vehicles.

The company began exploring the possibility of an electric car after the 1973 energy crisis, which left American drivers painfully aware of their dependence on major foreign oil producers. At the same time, Gould began to notice pollution filling the skies over the world’s major cities, which he knew was partly due to the increasing number of cars.

Photo courtesy of John Gould
A first photo of a Unique Mobility Electrek

“It seems like the right thing to do,” Gould said. “If I’m going to be involved in manufacturing automobiles, why wouldn’t I do something more environmentally friendly?”

Gould said his company decided to take a “systems approach” to designing a practical battery-powered car. Company engineers and mechanics hung diagrams and lists around their manufacturing facility in Englewood.

Their goal, he said, was to solve the problems that other automakers had when converting traditional internal combustion cars to electric vehicles.

In most cases, these companies stacked lead-acid batteries under the hood, which created a dangerous safety hazard. If a driver had an accident, Gould said they risked being run over in a “lead sandwich”.



Their proposed solution was a long train of 16 golf cart batteries arranged in a fiberglass tunnel running through the center of the vehicle. The company also opted to use fiberglass for the car’s body, which an early press release said was “corrosion and electric shock resistant.”

After five years of development, the first Electrek went on sale in 1979 for $25,000 – around $90,000 today.

Despite the sticker high price, the ads promised buyers a car capable of highway speeds and a range of up to 100 miles when driven at a steady 40 miles per hour. The company also claimed that the car only cost 1 cent per mile to maintain and operate.

Between 1979 and 1982, Gould said Unique Mobility made over 50 Electreks.

Kevin J. Beaty/Denverite
Declan Kavanaugh drives his Unique Mobility Electrek “van” near his family home in Monument. March 19, 2022.

The “era of shit”

Unique Mobility wasn’t the only company rushing to build viable electric cars.

After the oil crisis, President Jimmy Carter called for new technologies to mitigate future oil shocks. A wide range of companies have attempted to respond to the moment with electric vehicles like the CitiCar, a small electric coupe resembling a wedge-shaped piece of Lego.

Enthusiasts today now call this era of electric car manufacturing the era of crap — a time when automakers lacked the technology or design savvy to create sensible alternatives to internal combustion vehicles.

Kavanaugh said his experience restoring Electreks showed him the car had serious shortcomings. After months of rebuilding the car alongside former Unique Mobility engineer Jim McCollough, he was able to give it a first spin in 2020. Delighted, he recorded a profanity-filled Snapchat for his friends, but quickly realized that driving the car had some drawbacks.



One was the actual car battery capacity. The promised range of 100 miles is closer to 50, even with modern golf cart batteries. Rocks and pebbles drum against the car’s all-fiberglass bottom.

Even on a quick trip out of his garage in Monument during the interview for this story, Kavanaugh easily got stuck on a slight incline with a blanket of snow, proof that the 32-horsepower engine didn’t have a hard time. lots of punch.

All of these issues aside, Kavanaugh thinks the Electrek could have been a serviceable car for many environmentally conscious buyers. What he thinks really dooms the car is its looks.

“It’s so dumb. You’ve probably seen how dumb it looks to drive,” Kavanaugh said.

Kevin J. Beaty/Denverite
Declan Kavanaugh’s Unique Mobility Electrek “panel van” parked in the driveway of his family home in Monument. March 19, 2022.

The Electrek was never meant to be aesthetic

Gould isn’t offended by the consensus on the aesthetics of his electric car. In fact, he agrees that the Electrek “isn’t a nice car.”

Gould said the car’s appearance was never an issue because the Electrek was what the auto industry calls a “mule”, a short-term production car built to test the reliability and durability of design.

Many of its quirks — like drooping sash windows and a hair dryer defroster — were necessary to keep costs down, Gould said.

His final vision for an electric car was much more refined. After retreating to a back room in his home, he returned with a sleek, dark figure of a model car he called the Mariah, named after the country classic “They Called the Wind Mariah.”.

Sam Brasch/CPR News
John Gould with a model for the Mariah, an electric car concept developed by Unique Mobility.

“Our preference was going to be this car,” he said.

Gould hoped to build the vehicle in Colorado, but he said his company’s board decided that selling electric car components and expertise was a smarter business move.

After dropping the Mariah, the company was renamed UQM Technologies and focused on manufacturing electric transmissions. Gould said he has helped BMW, Ford and General Motors with electric vehicle research. The work did not immediately lead to production vehicles, but he believes the knowledge is now being applied in new models.

The company has also worked with defense contractors and electric vehicle pioneer Chip Yates, who set the record for the fastest ascent of Pikes Peak with a motorcycle powered by a UQM engine.

Kevin J. Beaty/Denverite
The end of a long, heavy battery train from Declan Kavanaugh’s Unique Mobility Electrek

In 2019, UQM Technologies sold to Dutch conglomerate Danfoss for around $100 million. Despite the success, Gould is still thinking about his old dreams of building electric vehicles in Colorado.

“Particularly when I see some of the new electric car companies joining us, they’re raising billions of dollars,” Gould said. “If I was in my 20s, 30s, 40s or whatever, I’d probably give it a swing.”

As for the young people who revive old cars, he is puzzled but flattered.

“I would like to thank them for bringing this old vehicle back to life,” Gould said.

It’s fortunate that many car enthusiasts now agree that the Electrek wasn’t a dud – it was just ahead of its time.

Kevin J. Beaty/Denverite
Under the hoods of Declan Kavanaugh’s Unique Mobility Electrek cars.
Kevin J. Beaty/Denverite
Declan Kavanaugh drives his Unique Mobility Electrek “van” near his family home in Monument. March 19, 2022.

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Beware of employment scams if you are looking for work https://myrlinahermes.com/beware-of-employment-scams-if-you-are-looking-for-work/ Mon, 02 May 2022 22:18:00 +0000 https://myrlinahermes.com/beware-of-employment-scams-if-you-are-looking-for-work/ BRIAN ROACH EXPLAINS HOW ROUNDING WORKS. THE BEST BUSINESS BUREA WUAS GET REPORTS FROM A JOB. SCAM WITH A NEW TOUR. THIS IS H IOWT WORKS. YOU GET A MESSAGE THAT SOMEONE WANTS TO HIRE YOU AND THE ARRONDISSEUR THEN ASK YOU TO DOWNLOAD A MESSAGING APP SOMETHING LIKE TELEGRAM ONCE YOU DOWNLOAD THIS APP. […]]]>

BRIAN ROACH EXPLAINS HOW ROUNDING WORKS. THE BEST BUSINESS BUREA WUAS GET REPORTS FROM A JOB. SCAM WITH A NEW TOUR. THIS IS H IOWT WORKS. YOU GET A MESSAGE THAT SOMEONE WANTS TO HIRE YOU AND THE ARRONDISSEUR THEN ASK YOU TO DOWNLOAD A MESSAGING APP SOMETHING LIKE TELEGRAM ONCE YOU DOWNLOAD THIS APP. YOU ARE ASKED SOME INTERVIEW QUESTIONS THEN YOU ARE OFFERED A JOB YOU GET AN OICFFIAL RESEARCH CONTRACT AWARDED THEN THE CONTRACTOR ASK YOU FOR YOUR NAME YOUR ADDRESS DATE OF BIRTH YOUR BANKING INFORMATION CLAIMING THEY NEED ALL THE TISO ADD YOU TO DIRECT DEPOSIT OF PAYROLL AND OTHER COMPANY SYSTEMS. WELL SOME ONSF VERSIO SCAM DOESN’T END HERE THE ARRONDISSEUR WANTS TO HELP YOU CREATE A HOME OFFICE. SO YOU GET A BIG CHECK AND AFTER YOU DEPOSITED THAT CHECK YOUR COACNTT SAYS YOU HAVE BEEN OVERPAID AND NOW YOU NEED TO RETURN SOME OF THAT MONEY YOU JUST DEPOSITED. OF COURSE, THE CHECK IS FALSE. THIS CAMERA IS NO LONGER. YOU LOSE YOUR MONEY. HERE’S HOW TO AVOID THIS SCAM LOOK FOR JOB OFFERS FIRST VISIT THE COMPANY’S WEBSITE AND LOOK FOR THEIR CONTACT DETAILS. VERIFY THAT THE COMPANY ACTUALLY EXISTS THE JOB OFFER IS REAL BEFORE INTERACTING WITH A STRANGER BE AWARE OF JOBS THAT INVOLVE RECEIVING AND RETURNING MONEY ALWAYS A RED FLAG LEGITIMATE COMPANIES DON’T SEND MONEY TO NEW EMPLOYEES BEFORE THEY DO ACTUAL WORK AND BE CAREFUL WITH YOUR PERSONAL INFORMATION NEVER PROVIDE ANYONE WITH ANY PERSONAL INFORMATION UNTIL YOU ARE SURE YOU CAN TRUST THEM. I AM

If you are looking for work, beware of job scams

Scammers target people looking for jobs. Better Business Bureau gets reports of an employment scam with a new twist. How it works You get a message that someone wants to hire you. The scammer asks you to download a messaging app, such as Telegram. Once you download the app, you are asked a few interview questions and offered a job. You get an official-looking contract to sign. The scammer asks for your name, address, date of birth, and banking information, claiming that it needs this information to add you to direct deposit payroll and other company systems. Some versions of the scam don’t stop there. The scammer then wants to help you set up a home office, so you receive a check. After depositing the check, your contact indicates that you have been overpaid and you must return some of the money you deposited. Of course, the check is fake. The scammer is gone, and so is your money.How to avoid the scamHere’s how to avoid falling victim to this scam:Search for job postings first. Visit a company’s website and find their contact information. Check that the company exists and the job offer is real before interacting with a stranger. Beware of jobs that involve receiving and returning money. Legit companies usually don’t send money to new hires until the job is done. Be careful with your personal information. Never provide your personal information to anyone until you are sure you can trust them.

Scammers target people looking for a job.

The Better Business Bureau receives reports of an employment scam with a new twist.

How it works

You receive a message that someone wants to hire you. The scammer asks you to download a messaging app, such as Telegram.

Once you download the app, you are asked a few interview questions and offered a job.

You get an official-looking contract to sign. The scammer asks for your name, address, date of birth, and banking information, claiming that it needs this information to add you to direct deposit payroll and other company systems.

Some versions of the scam don’t stop there.

The scammer then wants to help you set up a home office, so you get a check. After depositing the check, your contact indicates that you have been overpaid and you must return some of the money you deposited.

Of course, the check is fake. The scammer disappears, along with your money.

How to avoid the scam

Here’s how to avoid falling victim to this scam:

  • Look for job postings first. Visit a company’s website and find their contact information. Check that the company exists and the job offer is real before interacting with a stranger.
  • Beware of jobs that involve receiving and returning money. Legit companies usually don’t send money to new hires until the job is done.
  • Be careful with your personal information. Never provide your personal information to anyone until you are sure you can trust them.

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Kim, Cronenworth and Darvish lead Padres against Pirates 7-3 https://myrlinahermes.com/kim-cronenworth-and-darvish-lead-padres-against-pirates-7-3/ Sat, 30 Apr 2022 04:50:58 +0000 https://myrlinahermes.com/kim-cronenworth-and-darvish-lead-padres-against-pirates-7-3/ San Diego Padres’ Trayce Thompson drives Austin Nola and Eric Hosmer with a hit to left field in the sixth inning of a baseball game against the Pittsburgh Pirates, Friday, April 29, 2022, in Pittsburgh. (AP Photo/Keith Srakocic) Keith Srakocic PA PITTSBURGH Ha-Seong Kim and Jake Cronenworth homered, and Yu Darvish threw six effective innings […]]]>

San Diego Padres' Trayce Thompson drives Austin Nola and Eric Hosmer with a hit to left field in the sixth inning of a baseball game against the Pittsburgh Pirates, Friday, April 29, 2022, in Pittsburgh.  (AP Photo/Keith Srakocic)

San Diego Padres’ Trayce Thompson drives Austin Nola and Eric Hosmer with a hit to left field in the sixth inning of a baseball game against the Pittsburgh Pirates, Friday, April 29, 2022, in Pittsburgh. (AP Photo/Keith Srakocic)

PA

Ha-Seong Kim and Jake Cronenworth homered, and Yu Darvish threw six effective innings to lead the San Diego Padres to a 7-3 win over the Pittsburgh Pirates on Friday night.

Kim was 2 for 4 with a two-run home run in the second set to tie the game at 2. Cronenworth, who also went 2 for 4, then had a solo shot in the seventh to finish the scoring.

The Padres earned their fourth straight win and their ninth in the last 11 games. Trayce Thompson hit a two-run single for San Diego.

Darvish (2-1) allowed three runs and eight hits while striking out five and walking one. Taylor Rogers got the last two outs for his eighth of nine saves after the Pirates put two on base in the ninth inning.

Zach Thompson (0-3) allowed four runs in 3 1/3 innings. Acquired from Miami in an offseason trade for Gold Glove receiver Jacob Stallings, Thompson has a 10.05 ERA in four starts.

Daniel Vogelbach hit two RBI singles for Pittsburgh, and Diego Castillo and Andrew Knapp also had two hits. Pittsburgh has a four-game losing streak.

The Padres scored two runs in the fifth inning to break the tie. Cronenworth’s simple line drive to second base umpire Jeremie Rehak’s lower leg tackled the first run and Manny Machado followed with a sacrificial fly.

Cronenworth is 8-for-24 with two homers and a triple in his last seven games.

Vogelbach drew the Pirates to a late inning run with a single. But Trayce Thompson pushed the Padres’ lead to 6-3 in the sixth. He was recalled from Triple-A El Paso a day earlier.

The Pirates opened the scoring in the first inning with singles from Vogelbach and Castillo. Kim tied it at 2-2 with his 425-foot homer into the left field bleachers.

CLOSE ON STORY

The Pirates are yet to get a victory by a starting pitcher in 20 games. The MLB record for starting a season was set by Baltimore in 1989 when the Orioles went 0-21 to start the year.

TSUTSUGO IS SITTING

Slumping Pirates first baseman Yoshi Tsutsugo was out of the lineup for the second day in a row. He spent more time in the batting cages before the game with batting coach Andy Haines.

Tsutsugo has a .185 batting average and no homers in 16 games this season.

TRAINER’S ROOM

Padres: RHP Mike Clevinger (Tommy John surgery) is set to make his season debut next week in a two-game series at Cleveland. Clevinger has been out since undergoing surgery after the 2020 season. He spent the first five seasons of his career with Cleveland before being traded to the Padres in 2020. … LHP Blake Snell (strained left groin) pitched four scoreless innings for High-A Fort Wayne on Thursday in his first rehab start. The 2018 AL Cy Young winner is yet to pitch for the Padres this season.

Pirates: INF/OF Cole Tucker remained on the COVID-19 injured list but took part in pre-match drills. … RHP Max Kranick (right forearm strain) was activated from the 10-day IL and optioned to Indianapolis. … RHP Duane Underwood Jr. (right hamstring strain) started a rehab assignment at Low-A Bradenton … Knapp was in the lineup one day after being scratched late due to a non-COVID illness.

NEXT

Padres: LHP Sean Manaea (2-2, 3.47 ERA) will start Saturday night. He was scored for six runs over 4 1/3 innings in a loss to the Los Angeles Dodgers in his last start after allowing three runs in 19 innings in his first three outings.

Pirates: RHP JT Brubaker (0-2, 6.46) lost to the Chicago Cubs in his previous start, going just two innings and giving up four runs.

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More AP MLB: https://apnews.com/hub/mlb and https://twitter.com/AP_Sports

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THE WEEKND EXPANDS ITS GLOBAL PARTNERSHIP WITH UNIVERSAL MUSIC GROUP https://myrlinahermes.com/the-weeknd-expands-its-global-partnership-with-universal-music-group/ Thu, 28 Apr 2022 14:18:00 +0000 https://myrlinahermes.com/the-weeknd-expands-its-global-partnership-with-universal-music-group/ The new, expanded relationship will see Universal Music Publishing Group (UMPG) administer all of its future works and songwriting catalog under a new long-term agreement, when its existing engagement expires. Tesfaye has already proven himself as one of 21st most prolific and talented songwriters of the century, breaking numerous chart and sales records throughout his […]]]>

The new, expanded relationship will see Universal Music Publishing Group (UMPG) administer all of its future works and songwriting catalog under a new long-term agreement, when its existing engagement expires. Tesfaye has already proven himself as one of 21st most prolific and talented songwriters of the century, breaking numerous chart and sales records throughout his career. The Weeknd holds the record for longest-running song in Billboard history, with “Blinding Lights” reaching an unprecedented 90 weeks on the Hot 100 chart.

Bravado, UMG’s lead brand and merchandise management company, will continue to work closely with The Weeknd & XO to expand and grow global merchandising, branding, e-commerce and retail opportunities around future projects and releases.

In addition, the new agreement also covers future audiovisual projects in collaboration with Republic Records and UMG.

By making the announcement, Sir Lucien GraingeChairman and CEO, Universal Music Group said: “Over the past decade, we have been honored to work so closely with Abel, who has quickly become one of music’s most creative and important artists, a one-of-a-kind talent. “With Sal and the XO team as our incredible partners, we have developed a deep trust and respect that has allowed us to successfully execute Abel’s brilliant vision. I am thrilled that we are now able to expand this special relationship, to welcome this world-class songwriter to UMPG and to take this creative partnership to new and exciting levels.”

Wassim ‘SAL’ Slaiby – Founder, CEO SALXCO | XO Recordssaid: “More than a decade together speaks volumes. Our relationship is built on trust, success and family values. I am proud and delighted to be alongside Sir Lucian, Monte, Avery, Jody and the rest of the Universal family building our next decade together.”

Mount LipmanPresident and CEO, Republic Recordssaid “Abel is the perfect 21st artist of the century and global superstar who continues to break down creative barriers with his genre repertoire. His success and career-defining achievements have had a historic impact around the world. It’s an honor to extend our alliance with Abel, Sal, Lamar, Cash and the XO family in the evolution of The Weeknd.”

Jody GersonChairman and CEO, Universal Music Publishing Group said: “The Weeknd is a world-class, boundary-breaking artist and I couldn’t be more thrilled to welcome him and Sal to UMPG. Through this expanded and multi-faceted deal, the global teams of ‘UMPG, Republic and Bravado will be empowered to work closely together under one roof, maximizing the opportunities and value of The Weeknd’s art in unprecedented ways.”

Few artists have had such a profound impact on global culture over the past decade as The Weeknd, with over 75 million albums sold and numerous records broken. The Weeknd’s ‘Save Your Tears’ was recently named the world’s best-selling digital single of 2021 by IFPI, matching the feat achieved by ‘Blinding Lights’ in 2020, and marking the first time an artist has won this award. twice, not to mention winning in consecutive years. Both tracks were featured on the globally acclaimed album of 2020 after hours— an album that solidified The Weeknd’s status as a true global superstar, as evidenced in part by his headlining performance at the 2021 Superbowl halftime show.

The Weeknd’s latest album (Dawn FM), released in January 2022 via XO/Republic Records, continued the success of its predecessor, breaking the Billboard Global 200 chart record, with 24 songs recorded in its first week, the most ever by a solo male artist. The album was widely acclaimed after its surprise release and has already topped charts around the world.

The album launch was supported by an innovative campaign that included The Weeknd x The Dawn FM Experience, an immersive musical special on Amazon’s Prime Video that expands the album into a groundbreaking visual experience. This followed The Weeknd’s appearance in 103.5 Dawn FMa live streaming experience streamed exclusively on the Amazon Music channel on Twitch and in the Amazon Music app.

One of the most popular live performers, The Weeknd will embark on the After Hours Til Dawn Stadium world tour, which is expected to visit North America, Europe, South America, Asia, Australia, Africa and the Middle East in the summer of 2022. The Weeknd recently headlined this year’s annual Coachella music festival alongside Swedish House Mafia.

Through its powerful music, unique visual identity and aesthetic, innovative production and creative live performances, The Weeknd continues to be recognized around the world with audiences of all ages, widely influencing popular culture through his music and his art. In 2020, Tesfaye was named one of the TIME 100 most influential people in the world.

This multifaceted agreement marks the beginning of a new era of expanded global collaboration between The Weeknd, XO and UMG.

Click on Right here for media assets

About Universal Music Group
At Universal Music Group, we exist to shape culture through the power of art. UMG is the world leader in music entertainment, with a wide range of companies active in recorded music, music publishing, merchandising and audiovisual content. Featuring the most comprehensive catalog of recordings and songs across all musical genres, UMG identifies and develops artists and produces and distributes the most critically acclaimed and commercially successful music in the world. Committed to art, innovation and entrepreneurship, UMG fosters the development of services, platforms and business models to expand artistic and business opportunities for our artists and create new experiences for fans. For more information, visit www.universalmusic.com.

About Republic Records
A division of Universal Music Group, the world’s premier music company, Republic Records is home to an all-star roster of award-winning multi-platinum legends and superstar artists such as Ariana GrandeBastille, Billy Porter, Bo BurnhamClaire, Conan GrayDaddy Yankee, Drake, Eddie VedderG Herbo, Glass Animals, Florence + the Machine, Greta VanFlotte, Hailee Steinfeld, Jack Johnson, James Blake, James BayJessie J, jimmy fallonjohn legend, John Mellencamp, Jonas Brothers, Julia MichaelsKid Cudi, Kim Petras, lil wayneLorde, Metro Boomin, NAV, Nicki Minaj, Of Monsters and Men, Pearl Jam, Post Malone, Seth McFarlane, Stevie Wonderswedish mafia, Taylor Swift, The Weeknd, TXT, Twice and more. Founded by brothers and CEOs Monte and Avery Lipmanit also includes innovative business ventures including American Recordings, Boominati Worldwide, Brushfire, Casablanca Records, Cash Money, HYBE, Imperial, JYP, Lava Records, Universal Arabic Music, victor victorXO, young money, among others. Additionally, Republic is home to high profile soundtracks for Universal Pictures (Sing and Sing 2), Sony Pictures (Spider-Man Into the Spider-Verse), Apple TV+ (Coda), Netflix (Don’t Look Up), MGM /UAR (Licorice Pizza), NBC TV (The Voice) as well as other notable film and television franchises. To take content a step further, Republic has launched Federal Films which produces movies, TV series, podcasts and documentaries. With projects that align with Republic’s artists and brand, Federal Films is building a diverse slate that will bring compelling stories to audiences around the world. Early documentary releases include Ariana Grande: Excuse me, I love you, Jonas Brothers In pursuit of happiness, and Todd Haynes highly acclaimed, The Velvet Underground.

About Universal Music Publishing Group
Universal Music Publishing Group (UMPG) is one of the world’s leading music publishers with 51 offices in 41 countries. Based at Los Angeles, UMPG represents music of all genres from some of the world’s most important songwriters and catalogs. These include ABBA, Adele, Alabama Shakes, Bad Bunny, J Balvin, Bastille, Beach Boys, Beastie Boys, Bee Gees, Louis Bell, IrvingBerlin, Leonard Bernstein, Jeff Bhasker, justin bieber, Benny White, Nicolas Britell, Chris Brown, Tommy Brown, Mariah Carey, Brandi Carlile, Michael Chabon, Kenny Chesney, Desmond ChildCirkut, The Clash, Coldplay, Luc Combes, Alexandre DesplatJason Derulo, Neil DiamondDisclosure, Doua LipaBob Dylan, Billie Eilish, Danny ElfmanEminem, Gloria and Emilio Estefan, Omer FediFlorence + the Machine, Future, Martin Garrix, Fred Gibson, Selena Gomez, Ariana Grande, Al Green, Josh GrobanHalsey, Kid Harpoon, Emile Haynie, jimi hendrix, Don HenleySHE, Hit-Boy, Sam HuntImagine Dragons, Carly Rae Jepsen, Tobias Jesso Jr., Billy Joel, Elton John/Bernie Taupin, Joe Jonas, Nick Jonas, Alicia’s Keys, Kendrick LamarLil Baby, Lil Yachty, Linkin Park, Logic, Demi Lovatomoms & dads, Steve MacBrown 5, David Matthews, Megan you stallion, Shawn MendesMetallica, Metro Boomin, Julia MichaelsMiguel, Nicki Minaj, Maren MorrisMumford & Sons, Nas, Randy NewmanNew Order, Ne-Yo, Nija, Pearl Jam, Post Malone, Quavo, Otis ReddingREM, Red Hot Chili Peppers, Rex Orange County, Lionel RichieRosalie, Carole Bayer-Sager, Gustave SantaolallaSchoolboy Q, Sex Pistols, carly simon, Blake Slatkin, Britney SpearsStax (East Memphis Music), Sting, Harry Stylesswedish mafia, Taylor SwiftSZA, Shania Twain, Justin TimberlakeU2, Keith Urban, Jack WhiteZedd and many more.

SOURCEUniversal Music Group

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Twitter and Elon Musk are in talks to strike a deal https://myrlinahermes.com/twitter-and-elon-musk-are-in-talks-to-strike-a-deal/ Mon, 25 Apr 2022 03:59:00 +0000 https://myrlinahermes.com/twitter-and-elon-musk-are-in-talks-to-strike-a-deal/ Twitter Inc. TWTR 3.93% is in talks to sell itself to Elon Musk and could finalize a deal as soon as this week, people familiar with the matter have said, a dramatic turn of events just 10 days after the billionaire unveiled his $43 billion offer for the social media company. The two sides met […]]]>

Twitter Inc.

TWTR 3.93%

is in talks to sell itself to Elon Musk and could finalize a deal as soon as this week, people familiar with the matter have said, a dramatic turn of events just 10 days after the billionaire unveiled his $43 billion offer for the social media company.

The two sides met on Sunday to discuss Mr. Musk’s proposal and were making progress, but still had issues to work out, the people said. There is no guarantee that they will reach an agreement.

Twitter was expected to reject the offer, which Mr Musk made on April 14 without saying how he would pay for it, and put in place a so-called poison pill to prevent him from increasing his stake . But after the Tesla Inc.

TSLA -0.37%

revealed it had $46.5 billion in funding and as the stock market slumped, Twitter changed stance and opened the door to negotiations, The Wall Street Journal reported Sunday.

Mr Musk has said from the start that his offer of $54.20 per share was his “best and final”, and he has repeatedly told Twitter chairman Bret Taylor in recent days that he will not budge on the price. , some people said. . Conversations between the two sides were expected to focus on issues such as what Mr Musk would pay if an agreed-upon deal fell apart before it was consummated.

Twitter is expected to report its first quarter results on Thursday and was expected to weigh in on the supply then, if not sooner.

The potential U-turn from Twitter comes after Mr Musk met privately with several company shareholders on Friday to tout the virtues of his proposal while reiterating that the board has a ‘yes or no’ decision to make. , according to people familiar with the matter. He also pledged to address free speech issues he sees as plaguing the platform and the country more broadly, whether or not his candidacy is successful, they said.

Mr Musk delivered his pitch for selecting shareholders in a series of video calls, with a focus on actively managed funds, people said, in hopes they could sway the company’s decision .

Mr. Musk said he saw no way for Twitter’s management to bring the stock back to its offering price on its own, given the company’s problems and a continued inability to fix them. It was unclear whether he detailed specific steps he would take, although he tweeted about wanting to reduce the platform’s reliance on advertising, as well as bringing simpler edits such as allowing longer tweets.

Elon Musk has previously said he plans to take his offer directly to shareholders by launching a tender offer.


Photo:

Miguel Roberts/The Brownsville Herald/Associated Press

Some shareholders joined him after the meetings. Lauri Brunner, who manages Thrivent Asset Management LLC’s large-cap growth fund, considers Mr. Musk a skilled trader. “He has an established track record at Tesla,” she said. “He is the catalyst that drives strong operational performance at Twitter.” Minneapolis-based Thrivent has a roughly 0.4% stake in Twitter worth $160 million and is also a shareholder in Tesla.

Mr Musk has previously said he plans to take his offer directly to shareholders by launching a tender offer. Even if he were to win significant shareholder support in a takeover bid – which is far from guaranteed – he would still need a way around the corporate poison pill, a legal maneuver that she has employed which effectively prevents her from increasing her stake to 15% or more.

A tactic often used to push an offer, seeking to take control of the target board, is out of reach for now. Twitter directors have staggered terms, which means a dissenting shareholder would need several years to gain control rather than a single shareholder vote. Twitter last year tried to phase out staggered board terms given they are frowned upon by the corporate governance community, but not enough shareholders voted on the measure. The company is trying to do it again at this year’s annual meeting scheduled for May 25. Only two directors are up for re-election, and it is too late for Mr. Musk to nominate his.

As Elon Musk tries to buy Twitter, WSJ looks back at former Twitter contenders, like Salesforce, Disney and Alphabet. Tech journalist Tim Higgins explains why those past conversations fell through and what’s different this time. Illustration: Nikki Walker

Twitter shares have been trading below its offer price since it made the offer on April 14, usually a sign that shareholders are skeptical of a deal, despite having closed up around 4% on Friday to $48.93, the day after it unveiled the financing for the deal. . Mr. Musk has indicated that if the current bid fails, he could sell his stake, which totals more than 9%.

The funding included more than $25 billion in debt from nearly every top-tier global investment bank except for Twitter’s two advisers. The rest was $21 billion in equity that Mr. Musk would provide himself, likely by selling existing stakes in his other businesses such as Tesla. The speed at which the funding came together and the market’s massive sell-off in recent days — which makes the all-cash offer relatively more attractive — likely contributed to Twitter’s greater willingness to accept M’s proposal. .Musk.

Twitter’s board is expected to engage with Mr. Musk since his stock has “gone nowhere” since the company went public eight years ago, Jeff Gramm, portfolio manager at Bandera Partners LLC, a New York-based hedge fund with about $385 million under management, said earlier. . The company last bought Twitter shares in February and owns about 950,000 shares in total, representing about 11% of its portfolio.

Mr. Gramm said Twitter’s board could not abandon Mr. Musk’s offer without coming up with an alternative that delivers real value to shareholders. “I don’t know what it can be at this point besides finding a higher offer,” he said.

Write to Cara Lombardo at cara.lombardo@wsj.com and Dana Cimilluca at dana.cimilluca@wsj.com

Copyright ©2022 Dow Jones & Company, Inc. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8

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