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2025-01-10

Members of New Hampshire's congressional delegation are reacting to news of the death of former President Jimmy Carter. Carter died Sunday at the age of 100. Sen. Jeanne Shaheen is remembering Carter as her mentor and friend: "I’m devastated by the passing of my mentor and friend, Jimmy Carter, and join the nation in grieving the loss of this incredible leader,” said Shaheen. “He led this country with empathy, grace and determination, and I owe my journey in politics to him. From working on his primary presidential campaign in New Hampshire in 1975, I became inspired by his compassion for people and vision to make this country a better place. The values he passionately advocated for inspired my run for office, and I’ve made it my mission in the Senate to take the mantle of fighting for working families and justice. We have lost a titan of American politics, but our country is better for his unwavering service. I join with all Granite Staters in keeping the Carter family in our thoughts. May he rest in peace.” Sen. Maggie Hassan is also reacting to the news: "Jimmy Carter dedicated his life to building a more equitable country and world. As President, he strengthened our education system, protected the environment, and helped make possible the historic peace treaty between Israel and Egypt. In the years following his presidency, he continued to lead international peace-keeping efforts and championed human rights. "President Carter made it his mission to improve the lives of Americans and people around the world. His commitments to building a more perfect union and advancing peace have helped to leave this world better than he found it. I join with people across New Hampshire, our country, and the world today in mourning his loss, and my prayers are with his loved ones at this time." Read a statement from Rep. Annie Kuster: "President Jimmy Carter was a tremendous force for good, both as president and private citizen, during his accomplished life," Kuster said. "I’m sending his family, friends, and loved ones my prayers and love during this somber time." Rep. Chris Pappas also released a statement about Carter's death: “President Carter was a statesman, humanitarian, and dedicated public servant who committed his life to peacemaking, human rights, and bettering the economic and living conditions of those in the United States and around the world. From his humble origins in Georiga, President Carter served his nation in the Navy, as Governor of his home state, and as President. After leaving office, President Carter continued to lead an impactful life of service, advocating for those in need and bringing people together for the common good. Tonight, my thoughts are with his family and those who knew him best.” >> See statements from President Biden and President-elect Trump :SoFi Technologies ( SOFI 3.93% ) stock is finally back in the market's favor after declining for most of the year. SoFi doesn't fit neatly into a particular box; it's a bank, but not quite a bank stock . It's a tech-driven company, but a lot more. In some ways, it almost defines the fintech category , but it defies conventional labeling because its banking business provides a lot more stability than the classic fintech. So it isn't surprising that the market doesn't always know what to make of it. It's been fairly volatile since its initial public offering, and that's happening now. After falling for most of 2024, it's doubled over the past three months. There's a lot to unpack with SoFi. Let's jump in and try to make sense of the company and whether or not you should buy the stock now. The fintech bank stock SoFi, a fully digital bank, has consistently shown impressive growth and success in recent years. It started as a student loan cooperative and still targets the student and young professional demographics. It's an excellent niche that's ripe for picking, because these younger users don't necessarily relate to big, established banks that could offer intimidating and complicated services. SoFi aims to be the opposite of that -- everything is online and easy to use, and it's establishing its brand as the go-to for simple and functional financial services. This is drawing attention, and members have been joining at a rapid pace. There were 756,000 new members in the third quarter for a total of nearly 9.4 million, and that's how it's been going for years already. SoFi often touts its strategy of hooking younger customers with its ease of use, high rates, and low fees, and keeping them in the SoFi ecosystem as their needs evolve and increase. That leads to high engagement rates, more product adoption, higher sales, and scale. It added 1.1 million products in the quarter for a total of 13.7 million. Revenue growth accelerated in the quarter to 30% year over year, and that spilled into increased profitability. Net income was $58 million in the quarter, up from a loss last year, and it was the fourth consecutive quarter with positive net income on a generally accepted accounting principles (GAAP) basis. Management is guiding for further strong growth and positive profits for the full year. More to the story That's a simplified version of what's going on, true as it may be. Here are some of the deeper and more complex layers that the market is watching and factoring into SoFi's stock price. SoFi is at its core a lending company. It has diversified into financial services and a white-label financial infrastructure business, but lending still accounts for the bulk of its business. The cross-selling strategy is working, but it's not just a way to generate higher revenue and increase engagement. It's been vital to the company's performance during a period of high interest rates and pressure in lending. For the past few quarters, management had warned that lending revenue for the year would be below 2023. Since lending is still most of the business, that was a letdown. Lending also accounts for most of the profits. So even though on a consolidated basis the company has been profitable, it was a precarious profitability. The non-lending segments continue to grow as a percentage of the whole, and they were both profitable in the third quarter. Together, financial services and tech platform were 49% of total adjusted revenue. The financial services segment has been outstanding, increasing 102% in the quarter, and management expects it to increase 80% for the full year. It also raised guidance across the board, and it now expects lending revenue to at least match 2023 levels. With interest rates finally being cut, that could generate even better results in the lending business in the near term. Where the stock is going If SoFi was valued like a regular bank stock, it would be astronomically expensive at the current price. It trades at a forward one-year P/E ratio of 60, whereas the typical bank trades for around 10. Banks are also usually valued by a price-to-book value , and a ratio higher than 1 could be expensive. SoFi's price-to-book ratio is 2.6. But the market understands that SoFi is a tech stock, and a growth stock. It's still in an aggressive growth stage, with high capital expenditures to capture market share and develop its platform. Most banks operate with lower growth rates, and their size allows them to easily cover their expenses with revenue. Since SoFi is expected to keep growing at high rates, it can carry a higher valuation. At the current price, there's enough room for SoFi stock to climb without becoming unreasonably expensive, and investors can feel comfortable taking a position right now if they plan to hold for the long term.ssbet77. net

Kate Middleton gave hilarious gift to Prince Harry before he married Meghan Markle

Hyderabad: Four drug peddlers were arrested in Hyderabad on Monday, December 22, and 4 litres of hash oil worth Rs 5.20 lakh were seized from them. The accused were identified as Jaydeb Haldar, 37, Jetendra Pangi,38, Deba Madi, 32 and Akash Sarkar, 21 all natives of Odisha. They procured hash oil from a source at Rs 1,30,000 per litre and sold it at Rs 6 lakh to consumers. Haldar operated a business of ganja peddling and was arrested in Odisha in 2019. After being released in 2021, Haldar along with his associates sold ganja and hash oil. Chinna, a drug peddler contacted Jaydeb Haldar and ordered four litres of hash oil ahead of New Year. Based on the requirement, On December 22 Pangi bought the hash oil, and the accused travelled from Malkajgiri to Hyderabad on Monday to hand over the drug to Chinna. After being alerted the Telangana Anti Narcotics Bureau in coordination with Abdullapurmet police arrested the accused.

Stretching over 3.8 miles, the custom-designed street circuit features 17 high-speed turns and two DRS zones against the dazzling Las Vegas backdrop. Last year's event garnered 315,000 fans to witness drivers racing down the strip at 215 mph. The last time Las Vegas hosted a Grand Prix was in 1982 when Formula One drivers competed on a track set up in a parking lot next to Caesars Palace. The success of Netflix reality show Drive to Survive has boosted Formula One's stateside popularity in the United States in recent years. But the Formula 1 Heineken Silver Las Vegas Grand Prix isn't just about what happens on the track; Sin City also offers high-end hospitality options for attendees. VIP packages include exclusive lounges, gourmet dining experiences, and up-close views of the action from private suites. The ultimate ticket to this year's Grand Prix race is the Bellagio Fountain Club , which sits mere feet from the 1.2-mile high-speed straight. This exclusive package constructed next to the city's famous fountains is a powerhouse trifecta of indulgence, hospitality, and exhilaration. "Bellagio Fountain Club's debut at last year's Las Vegas Grand Prix event surpassed all expectations," said Andrew Lanzino, MGM Resorts' Vice President of Citywide Events Strategy. The private indoor and rooftop deck gives guests unobstructed trackside viewing. Celebrity chefs like Mario Carbone, David Chang, Alain Ducasse, Masaharu Morimoto, and Jean-Georges Vongerichten serve exquisite culinary offerings. At the same time, drinks flow at the open bar from master sommeliers and mixologists. The Bellagio Fountain Club is a highly sought-after ticket for race weekend, yet the hotel offers numerous activities everyone can enjoy. The Shoey Bar is back! Drink from a newly designed white shoe at the wildly popular tribute to one of racing's most iconic celebrations (thanks to Daniel Ricciardo). The Bellagio's Ferrari pop-up boutique returns for the second consecutive year, exclusively housing men's and women's collections, luxury leather accessories, one-of-a-kind items, and signed collectibles. Exclusive Balmain Racing menswear capsule and the French house's iconic ready-to-wear, handbags, and shoes will be available at a temporary boutique at the Bellagio through January 5. The Fontainebleau Las Vegas is a luxurious new addition to the Vegas Strip. A long-anticipated sister property to the iconic Fontainebleau Miami Beach, this Las Vegas counterpart brings high-end design and world-class dining. As the official event partner for the Formula 1 Heineken Silver Las Vegas Grand Prix, Fontainebleau will host the international elite at Papi Steak Garage, fusing high-energy dining and trackside action. Hosted by Papi Steak, a renowned David Grutman's Groot Hospitality hotspot, this package places guests within the pulse of the race, the Pit Lane. Known for its signature "Papi Steak," a richly seasoned and expertly cooked Tomahawk, the restaurant blends vintage glamour with a vibrant, high-energy atmosphere. For racing enthusiasts looking to pair fine dining with Formula 1 excitement, the VIP ultra-luxe package experience includes: No matter what team you cheer for, Sin City comes alive during race weekend. For those looking to get a taste of the action off-track, F1-themed activations throughout the city keep the energy high. The lobby at ARIA is the epicenter of excitement for Mercedes-AMG Petronas fans. A fully decked-out installation features race simulators, team merchandise, and photo opportunities with a show car, among other specialized experiences. The Cosmopolitan elevates race weekend with The Boulevard Experience, a souped-up watch party atop the Boulevard Pool. New for this year's race is a closed-circuit viewing of the live Las Vegas Grand Prix TV feed. The Brooklyn Bridge will transform into a motorsport fan's dream with Williams Racing team-curated interactive experiences. The free event offers fans an inside look at what it means to be on the team. Guests wandering The Cosmopolitan will find a variety of complimentary race weekend experiences, including MoneyGram Haas F1 Team memorabilia and photo opportunities with a team show car. As an official partner of the Formula 1 Heineken Silver Las Vegas Grand Prix, the resort is a high-energy destination for sports, entertainment, and exclusive experiences. More than 20 displayed Aston Martin models give fans unprecedented opportunities to experience the exquisite craftsmanship and advanced technology defining this prestigious brand. Aston Martin's Global Chief Brand and Commercial Officer, Marco Mattiacci, says, "It's an opportunity to connect with our community of owners and bring our brand to enthusiasts from across North America during a landmark moment in the F1 calendar." The exclusive Aston Martin British Bloodline experience presents a curated selection of current and rare vintage performance cars. Among them is the return of an icon, the Vanquish, Aston Martin's V12 flagship. This collection also features the newly launched Vantage sports car, the groundbreaking DB12 Super Tourer, and the DBX707, hailed as the supercar of SUVs. "As the excitement builds toward Race Week, we are thrilled to offer our guests an intimate look at the history and evolution of Aston Martin, a brand that symbolizes both excellence and sophistication," says Fontainebleau Las Vegas President Maurice Wooden. "As a resort, we pride ourselves on bringing top-tier experiences to our guests, creating once-in-a-lifetime memories. Fontainebleau Las Vegas is extremely proud to be the exclusive partner of Aston Martin, and we are honored to bring this iconic luxury brand for the ultimate Race Week experience." The hotel invites guests to experience Race Week in VIP style with the Aston Martin Million Dollar Package . This epitome of luxury allows guests to tailor their own Race Week adventure. It offers the extraordinary opportunity to take home an Aston Martin Vanquish, the stunning new flagship model from the prestigious British performance car brand. The Aston Martin Million Dollar Package also includes: Experience the Grand Prix without the craziness of The Strip with a retreat to Crockfords Las Vegas , an ultra-luxe property located directly on Las Vegas Boulevard just outside the high-energy zone. Recharge at this exclusive hotel within Resorts World after an action-fueled day at the track. The Chairman's Villa is an exclusive four-bedroom suite with direct views of the strip and race track from its private balcony on the 65th floor. This opulent suite includes a private lobby experience, a personal butler, and access to all of Crockford's amenities. A large media room, formal dining room, chef's kitchen, and billiards table bar mean guests can relax in the expansive living room while enjoying cocktails from a private bar or watching the drivers speed down the straight from the strip-facing balcony. The Chairman's Villa is also supreme for hosting exclusive events or parties during race weekend. It is truly a one-of-a-kind accommodation that embodies the glamour and extravagance of Las Vegas and Formula 1. Inspired by his nickname "Smooth Operator," Carlos Sainz will bring the vibes to Las Vegas with the 'Smooth Operator' Dance Lounge at ARIA Resort & Casino. Sainz famously earned his moniker by singing the song while overtaking competitors during global Grand Prix events. The charismatic Grand Prix driver will take over ARIA's ALIBI Ultra Lounge before racing around the Las Vegas streets. "Collaborating with Carlos Sainz on this exclusive party further strengthens the way we're delivering the 2024 Las Vegas Grand Prix experience to fans unlike any other race of the year," continues Lanzino. "Whether it's one-of-a-kind dining experiences with world-famous chefs, virtual reality Grand Prix moments with championship teams, or dancing with the Smooth Operator himself, we are creating a variety of ways for visitors and locals to have the time of their lives."

Surat: 35-year-old Smit Jivan, a businessman, allegedly murdered his wife and son in Gujarat's Surat and also attempted to kill his parents and tried to die by suicide. His parents are in critical condition, while his injuries are less severe. Jivan reportedly murdered his 4-year-old son and his wife on Friday. He then stabbed his parents, who are in critical condition, and then attempted to kill himself, but survived. The Jivani family, hailing from Savarkundla district, a town in Amreli, lived on the eighth floor of Surya Tower for many years, a Times of India report stated. On Friday morning, Jivani attacked his family members with a knife. He first killed his son when he was asleep and then his wife Hiral. After that, he attacked his parents, and later attempted to take his own life. His mother, Vilasben, who survived the attack, managed to seek help from neighbors, who brought the family to the hospital and alerted the police, the report further added. According to the police, Jivan's mother provided crucial details about the gruesome incident. She revealed that her husband’s elder brother had passed away prior and the Jivani family had visited the family multiple times. Meanwhile, during one of these visits, a relative asked Jivani to distance himself, stating they no longer wished to maintain a relationship with them, the report added. She also mentioned how Jivan expressed his feelings of isolation and unwanted, that nobody wished to associate with him anymore. According to the Assistant Commissioner of Police, VR Patel stated, “Smit runs an online business. The exact reason behind his actions is yet to be ascertained. We are hopeful that his parents will regain consciousness so that we can speak to them in detail about what exactly happened.” It is also suspected that Smit accumulated significant debt and likely incurred substantial losses in the stock market, the TOI report further stated. Get Latest News Live on Times Now along with Breaking News and Top Headlines from Crime and around the world.The top are reliable investments for starting a worry-free passive-income stream. For instance, leading utility companies in Canada, such as and , have been known for consistently paying and increasing their distributions for more than 50 consecutive years. Meanwhile, energy giants like and have been consistently increasing their dividends for multiple decades. While these are a no-brainer for income investors, they offer quarterly payouts. Here, I’ll focus on a stock that pays a monthly dividend. In addition, it offers an attractive yield, making it a solid stock for earning $124 in monthly passive income with a $20,000 investment. The TSX has several stocks that offer monthly distributions. Among the leading companies, ( ) stands out for its solid dividend payment history, dependable payouts, and high yield. It’s worth noting that this owns and operates a diverse portfolio of 195 mixed-use properties, including retail shopping centres. A key feature of its portfolio is the significant presence of grocery-anchored shopping centres. These properties add stability to its operations, as grocery stores remain resilient even during challenging economic times. Thanks to its resilient portfolio, SmartCentres generates solid net operating income (NOI) and witnesses a high demand for its real estate in all market conditions. Currently, SmartCentres pays a monthly dividend of $0.154 per share, equating to a compelling yield of about 7.5% based on its recent closing price of $24.69 (as of December 23, 2024). SmartCentres REIT is a compelling investment for investors seeking consistent and reliable income. The solid performance of its core retail business, backed by a high occupancy rate and ongoing contributions from its mixed-use development projects, lays a strong foundation for growing its net operating income. This growth is expected to drive its monthly dividend payouts. The REIT’s portfolio of high-quality, high-traffic, value-oriented centres continues to see strong demand. An increasing number of new tenants, combined with a solid mix of existing tenants, enhances cash flow and drives even higher occupancy rates. Notably, SmartCentres’s occupancy rate reached an impressive 98.5% by the end of the third quarter (Q3) of 2024. In addition, rental growth and robust cash collections further bolster its financial performance. The momentum in SmartCentres’s leasing activity reflects the strength of its tenant mix and market positioning. New tenant demand and favourable renewal rates suggest that the company’s NOI will continue to grow in the coming quarters, reinforcing its ability to deliver stable and attractive dividends. Beyond its retail portfolio, SmartCentres is actively diversifying its revenue streams through its mixed-use development strategy. By integrating residential, self-storage, and industrial formats, the company is broadening its income base while enhancing long-term growth prospects. SmartCentres also benefits from several strategic advantages, including long-term contracts with retail tenants, a high retention rate, and a vast land bank, which provides significant opportunities for future growth and will likely drive its payouts. SmartCentres’s resilient real estate portfolio, continued demand, strong renewal trends, solid cash collection, and high occupancy rate position it well to enhance its shareholders’ value through regular monthly payouts. The table below illustrates how a $20,000 investment can help you buy 810 SmartCentres stock to generate a reliable income stream of over $124 per month.

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Daily Post Nigeria An gudanar da zanga-zanga a Kano Home News Politics Metro Entertainment Sport Hausa An gudanar da zanga-zanga a Kano Published on December 28, 2024 By Kabeer Bello A safiyar Asabar, 28 ga Disamba, 2024, al’ummar yankin Rimin Auzinawa da ke karamar hukumar Ungogo a birnin Kano sun gudanar da zanga-zanga, inda suka rufe titin da ya tashi daga Kofar Kansakali zuwa Ring Road ga manyan motocin diban yashi. Wannan matakin ya biyo bayan mummunan hatsarin da ya faru a ranar Juma’a, inda wata mata ta rasa ranta sakamakon takewar da wani direban Tipper yayi mata akan titin. Lamarin ya bar jama’a cikin jimami da fushi, suna mai neman dauki don kare rayuwarsu daga irin wannan hadurra. A cewarsu, ya zama dole gwamnati ta kafa doka da za ta takaita zirga-zirgar manyan motocin diban yashi zuwa iyakar Ring Road, domin gujewa sake faruwar irin wannan tashin hankali. A karshe, sun yi kira ga hukumomi da su gaggauta daukar mataki wajen magance matsalar da kuma kare lafiyar al’umma a yankin. Related Topics: kano zanga-zanga Don't Miss Gwamnatin Kano zata rushe gidaje 42 a Tal’udu You may like Gwamnatin Kano ta ci tarar ‘yan kasuwa N500,000 Gwamnatin Kano za ta samar da kamfanin wutar lantarki Hisbah ta kama wanda ake zargi da bokanci a Kano Kotu ta yi martani ga boren wasu lauyoyi a Kano Sarki Sanusi II ya nada sabon hakimi Yan kasuwar sabon gari dake Kano sun koka akan rashin guraben gudanar da kasuwanci Advertise About Us Contact Us Privacy-Policy Terms Copyright © Daily Post Media LtdDAYTONA BEACH, Fla. (AP) — Tyler McGhie had 27 points in UC San Diego's 72-67 win against La Salle on Thursday. McGhie also added seven rebounds for the Tritons (3-2). Nordin Kapic scored 18 points and added 10 rebounds. Hayden Gray had 14 points and shot 4 for 8 (3 for 6 from 3-point range) and 3 of 6 from the free-throw line. The Explorers (4-1) were led by Corey McKeithan, who recorded 21 points. Jahlil White added 13 points and seven rebounds. The second half featured five lead changes and was tied five times before UC San Diego secured the victory. Kapic scored 13 second-half points. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .

There was much chatter recently in Parliament and online forums on the future of Singapore’s much-cherished hawker culture ( Govt sets out ways it helps sustain hawker culture, alleviate cost pressures on Singaporeans , Nov 14). Senior Minister of State for Manpower and Sustainability and the Environment Koh Poh Koon listed the Government’s three objectives in its hawker policy – affordable food options, sustainability of the hawker trade, and the preservation of our unique “local” hawker culture. However, the discussions merely scratched the surface of hawker issues, failing to adequately address two core tenets of hawker preservation: civic participation and a future-oriented hawker policy. First, discussions have discounted the role of civic participation in supporting the hawker trade. As a citizenry, we often take retiring popular hawkers as a yardstick of a dying trade, a misaligned benchmark given that they represent only a minority of hawkers. The majority comprises a long list of less popular and younger hawkers who need our recurrent support. How many of us routinely buy from these stalls? Extending our support to this group is crucial for the trade’s longevity. Hawking is no longer a vocation of necessity but one of choice. For the trade to survive through future generations, Singaporeans must become more supportive of young people entering this field. Second, the Government must engage in a more forward-thinking hawker policy. The current policy focuses mainly on operational matters, such as keeping rent low and maintaining cleanliness. While this is essential, it is also time to explore a hawker policy beyond day-to-day considerations and formally recognise the broader social and economic impacts of hawker centres. This would further entrench their importance in Singaporeans’ everyday lives and add to their continued relevance. Discussions on preserving a uniquely Singaporean or local hawker identity may also be counterproductive. What is truly uniquely Singaporean? Are young hawkers’ edgy offerings any less authentic? Are coffee shop hawkers any less culturally Singaporean than those at hawker centres? Likely not. As a researcher of Singaporean hawker centre history and hawker politics, I have observed that food is an extension of people and culture, and as Singapore evolves, so will our food. Framing “authenticity” with rigid OB markers is a slippery slope from which we should move away altogether. Ultimately, hawker policies must go beyond operational considerations and delve into “softer” aspects of cultural evolution and socio-economic salience. Preserving our hawker culture requires a collaborative effort between the Government and citizenry, alongside an attitudinal refresh. By supporting both established and emerging hawkers, we can ensure this cherished practice thrives in modern Singapore. Ryan Kueh Join ST's Telegram channel and get the latest breaking news delivered to you. Read 3 articles and stand to win rewards Spin the wheel now

Virginia has a green light from the administration of President Joe Biden to use $1.48 billion in federal infrastructure funding to extend high-speed internet access to more than 133,000 unserved locations, most of them in the rural Southside and Shenandoah Valley. Gov. Glenn Youngkin has announced that the National Telecommunications and Information Administration approved Virginia's list of unserved locations for extending access to broadband telecommunications networks that will allow homes, businesses and community institutions to tap into high-speed internet services that proved essential for education and business during the COVID-19 pandemic. Expanding access to high-speed internet has been a priority for three successive governors - Youngkin, a Republican, and two Democrats, Terry McAuliffe and Ralph Northam - since 2017, with Virginia committing almost $1 billion in state and federal aid to extend broadband to more than 400,000 locations in 82 cities and counties. But the federal Broadband Equity Access and Deployment (BEAD) program is providing the state with federal infrastructure money aimed at making high-speed internet universal and affordable in Virginia. "Virginia remains firmly committed to bridging the digital divide across the commonwealth so all Virginians can thrive in our digital world," Youngkin said in an announcement late Friday. "Coupling this historic investment with the state's ongoing broadband efforts, we are confident that will connect all Virginians that are currently unserved to high-speed, affordable internet, therefore solidifying Virginia's place as the best state to live, work and raise a family." However, a sweeping new report by the Joint Legislative Audit and Review Commission - the General Assembly's watchdog agency for state government - makes clear that achieving that goal won't be easy, based on a number of hurdles that have delayed completion of projects and driven up the cost. The report warns that Virginia might not meet its goal of providing universal access in 2028, with the target date slipping until 2030 or later. The state originally sought to achieve universal access in 2024, which is about to end. Currently about 87% of the state has access to high-speed internet service, but JLARC estimates that about 392,000 locations remain unserved. Most of those locations are in rural areas of Southside and the Valley, but they also include pockets in more unlikely places, such as Loudoun County and tidal Virginia localities on the Northern Neck and Middle Peninsula. JLARC said state and federal funding already has been awarded to extend service to about two-thirds of those unserved locations, and the BEAD program aims to reach the remainder. Bryan Horn, director of the Virginia Department of Housing and Community Development, said the state will meet the 2026 deadline for committing the federal funding or returning it. "We do not foresee having to return any money at this time," he told the commission on Dec. 9. JLARC Associate Director Tracey Smith said the state agency "has done really a commendable job in spearheading the state effort to close the digital divide." "In many ways, Virginia has been and remains a leader in broadband deployment," Smith said. JLARC staff cited a delay in accessing the federal BEAD funds and problems on the ground as local governments, internet service providers and electric utilities sometimes face barriers in attaching fiber-optic cables to utility poles and extending them along state highway rights-of-way and across railroad tracks. In some cases, internet providers failed to reach many unserved homes and businesses as promised, missed their deadlines and exceeded the estimated costs of the projects, putting them in jeopardy. Hanover County close to finalizing internet access to 95% of homes Virginia was the first state to submit a request - in July 2023 - for federal funds provided by the Infrastructure Investment and Jobs Act that Biden signed into law three years ago. The Biden administration approved the grant in July, but permission to proceed with a list of unserved locations was delayed in part by Hurricane Helene, which devastated parts of Southwest Virginia that the program plans to serve, as it did in western North Carolina. "It changed the facts on the ground," said Evan Feinman, director of the national BEAD program and former broadband adviser to Northam, who dedicated a half-billion dollars in federal emergency relief funds to the Virginia Telecommunications Initiative during the pandemic. Feinman said Virginia has no reason to fall behind in its goal of achieving universal broadband access by 2028. "States can move as quickly or as slowly as they want to move," he said. "Virginia should have more than enough resources to solve the problem." Sen. Ryan McDougle, R-Hanover, a member of JLARC who has pushed to extend broadband in his district, said the federal government has not moved as fast as it had promised, but he said, "We're seeing in parts of eastern Hanover that a lot of work is going on the ground right now." "One of the challenges out there is there are a significant number of projects going on, not only in Virginia abut nationally," McDougle said. "The more projects you have, the more challenging it is to get people to do the work." U.S. Sen. Mark Warner, D-Virginia, is a former telecommunications executive has made broadband expansion a priority as governor and in his three terms in the Senate. He played a pivotal role in passage of the bipartisan infrastructure act, as well as the American Rescue Plan Act, both of which have helped finance the initiative in Virginia. "It won't be lack of capital - it will be lack of execution if we don't get there," Warner said Monday in a telephone interview from London. He called the federal greenlight for BEAD funding "great news," especially for rural areas that lack access. "With broadband, in rural areas kids have a choice of whether they're going to stay," he said. "Without broadband, there is no choice."We’re quickly moving beyond “hot start” territory

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