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U.S. coronavirus cases are falling, but variants could erase progress

New daily cases are starting to slow in what some health experts see as a turning point. But they warn of a bumpy vaccination rollout amid the emergence of more contagious variants.

 

— NYT: Top Stories

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Regulations & Security

Governors order their National Guard troops home after some were told to sleep in a parking garage.

Three Republican governors called for their troops to return, though many were already leaving the city after the inauguration.

 

— NYT: Top Stories

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Regulations & Security

What defines domestic abuse? Survivors say it’s more than assault

The Congresswoman Cori Bush and the musician FKA twigs describe how manipulative, isolating conduct known as “coercive control” helped trap them in abusive relationships. Lawmakers are starting to listen.

 

— NYT: Top Stories

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Business

AM Best revises Issuer Credit Rating outlook to stable for Knight Insurance Company Ltd. and its affiliates

OLDWICK, N.J. — (BUSINESS WIRE) — AM Best has revised the outlook to stable from negative for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb+” of Knight Insurance Company Ltd. (Knight Insurance) (Cayman Islands), KnightBrook Insurance Company (KnightBrook) (Wilmington, DE) and Knight Specialty Insurance Company (Wilmington, DE). The outlook of the FSR is stable. These companies collectively are referred to as Knight.

These Credit Ratings (ratings) reflect Knight’s balance sheet strength, which AM Best categorizes as very strong, as well as its marginal operating performance, neutral business profile and appropriate enterprise risk management (ERM).

The Long-Term ICR outlook revision reflects Knight’s operating and process enhancements instituted by its management team four years ago, which have resulted in steadily improving operating performance, most prominently in 2019 and through November 2020, and significantly reduced adverse prior year loss reserve development. The company has strengthened the monitoring and control of its general agent partners and third party adjusters in claims settling and enhanced its underwriting guidelines, which have contributed to the turnaround. While operating performance has shown improvement, the potential for volatility remains as open claims from terminated programs are settled and active programs mature. Volatility may also result from elevated common stock leverage relative to the industry.

The ratings also reflect Knight’s improving risk-adjusted capitalization and the strategic role that it has as a member of the Hankey Group, a group of companies that operates primarily in the automotive industry. Knight Insurance provides various lines of coverage for affiliated and unaffiliated programs. Its largest lines of business are commercial auto and general liability.

AM Best expects Knight to maintain its balance sheet strength at the very strong level and to continue refining its business model, while reducing earnings volatility.

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and AM Best press releases, please view Guide for Media – Proper Use of Best’s Credit Ratings and AM Best Rating Action Press Releases.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in New York, London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2021 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Jieqiu Fan

Senior Financial Analyst
+1 908 439 2200, ext. 5372
jieqiu.fan@ambest.com

Susan Molineux
Director
+1 908 439 2200, ext. 5829

susan.molineux@ambest.com

Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com

Jim Peavy
Director, Communications
+1 908 439 2200, ext. 5644

james.peavy@ambest.com

Categories
Business Environment

Renewable Energy seasoned professional Faraz Khan, CFO, joins executive team at Vision Solar to drive company growth

Khan Brings 15+ Years of Professional Experience in Renewables

BLACKWOOD, N.J. — (BUSINESS WIRE) — #Switchtosolar–In the peak of January, Vision Solar LLC executives chose a seasoned renewable energy professional, Faraz Khan as their new Chief Financial Officer. Khan is eager to help drive company growth, and collaborate in the successful efforts of the company in the years to come.


Faraz Khan has over 15+ years of professional experience within the energy industry. Prior to joining Vision Solar, Khan served as Senior Director of Corporate Finance at Hardinge Inc., following his experience as CFO for Siemens Gamesa Renewable Energy. His diverse background experience has created a strong reputation for delivering financial results and driving business transformation across the Renewable Energy enterprise.

Khan is extremely passionate about being a part of the switch to renewable energies.

I think it is a great time to join the renewable energy revolution. Because of this, I am excited to become a part of Vision Solar’s success, while helping them grow with the right financial discipline,” Khan stated.

Khan’s goals for his position is to help the company grow profitably, while improving their margin. He is dedicated to growing in a sustainable way, in order to expand on their current markets.

For any inquiries or interview requests regarding this press release, please feel free to contact Ellen Granson at (856)-693-5352 egranson@visionsolar.llc or John Czelusniak at jczelusniak@visionsolar.llc – Text or email is the preferred form of communication.

About Vision Solar

Vision Solar is one of the fastest growing solar energy companies in the United States. Their full-service renewable energy company installs solar services for residential homes in Pennsylvania, Arizona, New Jersey, Massachusetts and Florida. Over the past three years, Vision Solar has grossed over $100 million in revenue, with significant increase in projected growth for 2021. To learn more visit https://visionsolar.llc/.

Contacts

Ellen Granson, (856)-693-5352

egranson@visionsolar.llc
or

John Czelusniak

jczelusniak@visionsolar.llc

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For Edit

Tim McGraw was ‘a little apprehensive’ when Taylor Swift named her debut song after him

Tim McGraw is speaking out about how he really felt when Taylor Swift named her debut single after him.

 

— FOX News

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‘Just move on’: Republicans grapple with post-Trump future

Former President Donald Trump looks out his window as his motorcade drives through West Palm Beach, Fla., on his way to his Mar-a-Lago club in Palm Beach after arriving from Washington aboard Air Force One on Wednesday, Jan. 20, 2021. (Damon Higgins/The Palm Beach Post via AP)

 

For the first time in more than a decade, Republicans are waking up to a Washington where Democrats control the White House and Congress, adjusting to an era of diminished power, deep uncertainty and internal feuding.

The shift to minority status is always difficult, prompting debates over who is to blame for losing the last election. But the process is especially intense as Republicans confront profound questions about what the party stands for without Donald Trump in charge.

Over the last four years, the GOP’s values were inexorably tied to the whims of a president who regularly undermined democratic institutions and traded the party’s longstanding commitment to fiscal discipline, strong foreign policy and the rule of law for a brash and inconsistent populism. The party now faces a decision about whether to keep moving in that direction, as many of Trump’s most loyal supporters demand, or chart a new course.

Maryland Gov. Larry Hogan, one of the few Republican elected officials who regularly condemned Trumpism, evoked President Ronald Reagan in calling this moment “a time for choosing.”

“We have to decide if we’re going to continue heading down the direction of Donald Trump or if we’re going to return to our roots,” Hogan, a potential 2024 White House contender, said in an interview.

“The party would be much better off if they were to purge themselves of Donald Trump,” he added. “But I don’t think there’s any hope of him completely going away.”

Whether the party moves on may come down to what Republicans like Texas Sen. Ted Cruz do next.

Cruz spent weeks parroting Trump’s baseless claims of election fraud, which helped incite the deadly riot at the U.S. Capitol. Republican elections officials in several battleground states that President Joe Biden carried have said the election was fair. Trump’s claims were roundly rejected in the courts, including by judges appointed by Trump.

Cruz acknowledged Biden’s victory on Wednesday, but he refused to describe it as legitimate when pressed.

“He won the election. He is the president. I just came from his inauguration,” Cruz said of Biden in an interview.

Looking forward, Cruz said Trump would remain a significant part of the political conversation, but that the Republican Party should move away from divisive “language and tone and rhetoric” that alienated suburban voters, particularly women, in recent elections.

“President Trump surely will continue to make his views known, and they’ll continue to have a real impact, but I think the country going forward wants policies that work, and I think as a party, we need to do a better job winning hearts and minds,” said Cruz, who is also eyeing a White House run.

In the wake of the Capitol riot, a small but notable faction of high-profile Republicans are taking a stronger stance against Trump or distancing themselves from him.

The Senate’s top Republican, Mitch McConnell, said on the eve of the inauguration that the pro-Trump mob that stormed the Capitol was “provoked by the president.” Even Mike Pence, Trump’s vice president and long considered his most devoted cheerleader, skipped Trump’s departure ceremony to attend Biden’s inauguration.

Trump retreated Wednesday to his south Florida estate, where he has retained a small group of former White House aides who will work out of a two-story guest house on the Mar-a-Lago grounds. In addition to advisers in Washington, Trump will have access to a well-funded political action committee, the Save America PAC, that is likely to inherit tens of millions of dollars in donations that flooded his campaign coffers after his election loss.

Those close to Trump believe he will lay low in the immediate future as he focuses on his upcoming impeachment trial for inciting the riot. After that, he is expected to reemerge, likely granting media interviews and finding a new home on social media after losing his powerful Twitter bullhorn.

While his plans are just taking shape, Trump is expected to remain politically active, including trying to exact revenge by backing primary challenges against Republicans he believed scorned him in his final days. He continues to leave the door open to another presidential run in 2024. Some friends believe he might even flirt with running as a third-party candidate, which would badly splinter an already fractured GOP.

Trump issued an ominous vow as he left the White House for the last time as president: “We will be back in some form.”

Many in the GOP’s die-hard base continue to promote conspiracy theories, embrace white nationalism and, above all, revere Trump’s voice as gospel.

Trump loyalists in states like Michigan, Pennsylvania and Wyoming expressed outrage and disappointment in the 10 Republicans who voted with Democrats to impeach Trump last week. One of them, Michigan Rep. Pete Meijer, said he bought body armor to protect himself from a wave of threats from Trump supporters.

In Montana, state GOP Chairman Frank Eathorne raised the possibility of secession this week and criticized Rep. Liz Cheney, another Republican who backed Trump’s impeachment, pledging continued loyalty to Trump.

“The Republican National Committee views President Trump as our party leader into the future… The (state party) agrees,” Eathorne said, noting that Trump “represents the timeless principles” that the state and national GOP stand for.

Trump left office with a 34% approval rating, according to Gallup — the lowest of his presidency — but the overwhelming majority of Republicans, 82%, approved of his job performance. Even as some try to move on, Trump’s continued popularity with the GOP’s base ensures he will remain a political force.

Despite the GOP’s many challenges, they’re within reach of retaking one or both chambers of Congress in next year’s midterm elections. Since the 2006 midterms, the party in the White House has lost on average 37 House seats. Currently, Democrats hold a 10-seat House majority and they’re tied with Republicans in the Senate.

Hogan, the Maryland governor, said that the GOP may be at one of its lowest points ever, but noted that Reagan reclaimed the White House for Republicans just six years after President Richard Nixon was forced to resign in disgrace.

“Obviously, (Trump) still has got a lock on a pretty good chunk of the Republican base, but there are an awful lot of people that were afraid to speak out for four years — unlike me —who are now starting to speak out,” Hogan said.

Still, there are plenty of hurdles ahead. Primary challenges could leave the party with congressional nominees next year who are even further to the right, potentially imperiling the GOP’s grip on races they might otherwise win.

More immediately, Senate Republicans, including McConnell, are wrestling with whether to convict Trump of high crimes and misdemeanors as outlined in last week’s House impeachment. The Senate could ultimately vote to ban Trump from ever holding office again.

“I hope that Republicans won’t participate in this petty, vindictive, final attack directed at President Trump,” Cruz said. “We should just move on.”

___

Associated Press writers Jill Colvin in West Palm Beach, Florida, and Meade Gruver in Cheyenne, Wyoming, contributed to this report.

 

— Associated Press

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Dolly Parton’s brother Randy dead at 67: ‘He will always be in our hearts’

Randy Parton, a musician and brother of country singer Dolly Parton, died after a battle with cancer. He was 67.

 

— FOX News

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With plans to address crisis, new Administration faces pressing challenges

President Biden moved to undo many of the Trump administration’s signature policy initiatives while pushing his own agenda, including a $1.9 trillion pandemic rescue package.

 

— NYT: Top Stories

Categories
Regulations & Security

Suicide bombing in crowded Baghdad market kills at least 32

Such attacks, once common in the Iraqi capital, have become rarer in recent years as U.S.-backed Iraqi forces have largely defeated the Islamic State.

 

— NYT: Top Stories