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BRUSSELS , Dec. 24, 2024 /PRNewswire/ -- In an upcoming EU Reporter interview , M. Shigeo Katsu , Founding President of Nazarbayev University (NU) and a key architect of Kazakhstan's education reforms, will address the escalating scandal surrounding financial mismanagement at the country's flagship higher education institution. The crisis gained public attention following the announcement of the state audit results of Nazarbayev University. The revelations have sparked widespread concerns about transparency and oversight at one of Central Asia's most prestigious universities. Adding to the controversy are allegations of financial mismanagement involving the New Generation Foundation, the Jusan Group — entities originally established to ensure the long-term financial sustainability of NU and Nazarbayev Intellectual Schools (NIS). Questions have also been raised about the state of affairs at NU's Social Development Fund. Reports suggest that funds may have been misappropriated, triggering outrage from students, educators, and civil society. In response, a student initiative group from Nazarbayev University issued an open letter demanding the release of both the state audit and NU's internal audit of the Social Development Fund. The letter also calls for greater accountability, enhanced transparency, and the protection of students' rights. This appeal reflects mounting frustration with the university's leadership and a growing demand for immediate corrective action. Shigeo Katsu's interview will shed light on these unfolding developments. As a former leader of NU, Katsu is uniquely positioned to analyze the root causes of the crisis, critique the university's response, and discuss the broader implications for Kazakhstan's education sector. The full interview can be found here: https://www.eureporter.co/kazakhstan-2/2024/12/23/the-battle-for-nazarbayev-universitys-future-shigeo-katsu-on-financial-mismanagement-and-accountability/ The Battle for Nazarbayev University's Future: Shigeo Katsu on Financial Mismanagement and Accountability In light of recent controversies surrounding the financial governance of Nazarbayev University (NU) and Nazarbayev Intellectual Schools (NIS), an open letter from concerned students has surfaced, addressing the troubling mismanagement of funds and alleged conflicts of interest. The letter highlights a series of financial decisions that led to the unraveling of key institutions meant to ensure the long-term stability of NU and NIS. The students are particularly concerned about the fate of the Jusan Group and the Nazarbayev Fund (NGF), which were once positioned to secure the financial future of these two leading educational institutions. Instead, they allege that significant funds were misappropriated and whole organizations lost, leading to the collapse of what was once a promising financial structure. In response, Shigeo Katsu , the Founding President of Nazarbayev University, has also written an open letter , received by EU Reporter, addressing the ongoing crisis and providing his perspective on the unfolding situation. In his letter, Katsu outlines the rationale of engagement in the financial sector and the erosion of the initial vision for NU, highlighting the role of key financial institutions like Jusan Bank and the NGF in securing a stable future for the university and NIS. He draws attention to the series of decisions that led to the loss of the former and calls for urgent remedial actions to prevent further damage to the institutions' credibility and financial stability . In this exclusive interview with EU Reporter , Shigeo Katsu , the Founding President of Nazarbayev University, sheds light on these pressing issues. He discusses the audit findings, the role of Jusan Bank , and what must be done to restore trust and secure the future of NU and NIS. Bio: Mr. Shigeo Katsu is the Founding President of Nazarbayev University. He held the position of President from December 2010 until June 2023 . He was Chair of the Board of Trustees of an affiliated secondary school system, the Nazarbayev Intellectual Schools, and of the University's hospital system. Prior to the assignments in Kazakhstan , over the course of a 30-year career at the World Bank, Mr. Shigeo Katsu held various positions including leading financial sector reform support for China , Director for Cote d'Ivoire , and Vice President for Europe and Central Asia . After his retirement from the World Bank, he served for a few years on the US board of a youth-oriented international development NGO. Between 2011 and 2015 he was an Advisory Panel member of the ASEAN+3 Macroeconomic Research Office (AMRO). Questions: - We have exclusively published your open letter and anticipate that it will generate a significant response. What drove you to write it, particularly in light of the misuse of funds intended to ensure the long-term financial stability of Nazarbayev University (NU) and Nazarbayev Intellectual Schools (NIS)? The decision to write the open letter was not made lightly. It was driven by a profound sense of responsibility to the students, faculty, and broader community of Nazarbayev University (NU) and Nazarbayev Intellectual Schools (NIS). These institutions were established with a vision to create world-class educational hubs in Kazakhstan and establish a center of excellence for academic research. Ensuring their financial independence and long-term stability is a core requirement to achieve the two institutions' mission. However, recent developments revealed through state and internal audits have exposed serious breaches of trust. The misuse of funds from entities like the University's Social Development Fund, New Generation Foundation, and Jusan Group directly threatens the sustainability of NU and NIS. These funds were meant to build up and guarantee the financial security of the institutions. Instead, we now see signs of embezzlement, mismanagement, and a concerning lack of accountability. The role played by key figures like the directors and executives of NGF, of Aslan Sarinzhipov (Executive Vice President of NU, a former Minister of Education) and Kadisha Dairova (Vice President for Student Affairs and International Cooperation, Nazarbayev University) only adds to the gravity of the situation. By writing the letter, my goal was to bring transparency to the issue and to mobilize public attention and international scrutiny. NU and NIS were founded on principles of meritocracy, transparency, and academic freedom. If we allow these values to be compromised, we risk undoing more than a decade of progress. The letter serves as a call for accountability, reform, and most importantly, protection of the future of Kazakhstan's youth. - Many students and alumni of NU have expressed their concern over the lowering of admission standards and the shift away from international standards. How do you assess these changes, and do you see them as diverging from the original vision for NU? NU was conceived as a model of excellence , designed to meet international standards in research, teaching, and governance. One of its founding principles was merit-based admission , which ensured that students were selected solely based on their ability and potential. This meritocratic foundation was not only an academic principle but a reflection of NU's mission to transform Kazakhstan's education system. Students, alumni, faculty and staff have worked hard to build NU's name. Now students, alumni and parents are rightly concerned that the lowering of admission standards undermines this mission and risks eroding the university's reputation both domestically and internationally. Such changes create the perception that NU is moving away from its original vision of being a world-class institution. To restore confidence, NU must reaffirm its commitment to international standards, transparency, and academic rigor. Reverting to merit-based admissions and prioritizing excellence will send a clear message that the institution remains steadfast in its mission. In the Open Letter, I stated that in theory, a policy of opening the entry door wider, but then be resolutely strict in terms of progression and graduation based on academic integrity and merit could work. There are some cases globally. However, it can only work if there is a full commitment to integrity and merit, openness and transparency, and NU's original values are upheld. But unfortunately, what I have observed and heard about recent developments at NU does not make me optimistic. While administration is supposedly in a belt-tightening mode, new senior positions were created and filled with scant regard for a proper hiring process and qualification. Conflict of interest and restrictions on hiring family members have been discarded. These are just a few of the institutional changes that will inevitably bleed over into the academic fabric as well. Is this the example that senior management wants to present to our students? - Do you believe the current situation, where the financial foundations like the Social Development Fund and New Generation Foundation were mismanaged, reflects a broader crisis within Kazakhstan's governance and democracy? Absolutely, but to be fair, this corporate governance crisis is not just limited to Kazakhstan . The findings of the internal audit conducted by NU on the Social Development Fund (SDF) reveal a systemic absence of check and balances and accountability that extends beyond these institutions. Mismanagement and theft, such as those involving Aslan Sarinzhipov , have not only undermined NU and NIS but also shaken public trust in Kazakhstan's leadership. The financial institutions linked to NU and NIS—Nazarbayev Fund, New Generation Foundation, and Jusan Group — were designed to guarantee long-term financial stability for education in Kazakhstan , securing the futures of NU and NIS for decades. However, NGF and Jusan Group's systematic depletion and dismantling highlight the country's struggle with accountability and the need for deep structural reform. This mismanagement reflects broader governance failings—particularly a lack of oversight, transparency, and mechanisms to prevent conflicts of interest. I cannot pronounce myself on the current status of the NF, but I would not be surprised if one discovers similar shortcomings there as well. I had called for an audit for some time until my departure but was not successful. The impact extends beyond education, affecting the economic and social fabric of Kazakhstan . Addressing these issues requires not just reforms within these organizations but also a renewed commitment to governance, accountability, and emphasis on establishing the rule of law. - With the financial stability once promised by entities like the NGF now in jeopardy, how do you envision NU's future without those foundational guarantees? The original intent of the Nazarbayev Fund, New Generation Foundation, and Jusan Group was to provide NU and NIS with long-term financial stability. These entities were carefully designed to ensure that Kazakhstan's leading educational institutions could eventually operate in a manner less affected by state budget fluctuations. However, as the audits reveal, these institutions have been systematically mismanaged and looted, jeopardizing the financial future of NU and NIS. NU's survival and success now depend on a bold and transparent strategy. The first step is to rebuild trust with the public, students, and alumni by publishing the findings of both the state audit of NU and the internal audit of SDF. Then, those responsible are held accountable. Financially, NU must re-establish a diversified funding model. This includes rebuilding its endowments and enhancing additional revenue streams, such as a logical and sound tuition policy, executive education and collaboration with industry and business in the form of contract research. Transparency and governance reform will be key to attract donors and investors who believe in NU's mission and potential. - The Supreme Audit Chamber of Kazakhstan , in its state audit, reported the mismanagement of 73.5 billion tenge at Nazarbayev University , as well as allegations of half a billion tenge being used illegally. What is your opinion on this, and how should the university address governance and corruption issues? I have not had the opportunity to access the state audit report, thus it is difficult to comment. If the cited amount in mismanagement of 73.5 billion tenge over six years is true, it is scandalous. However, we do not know what the auditors' definition and criteria of mismanagement is. So, let's first find out what the report actually says. What is clear, however, is the outcome of a 2023 internal audit of NU's Social Development Fund (SDF) , and it is sobering. This SDF audit reveals a blatant disregard of corporate governance principles, where individuals entrusted with university resources prioritized personal gain over the mission of NU. The audit revealed that SDF management led by current NU Executive Vice President Aslan Sarinzhipov constructed an intricate web of subsidiary entities, including abroad, to systematically evade the oversight and control of the University. Funds ( over 14 billion tenge ) meant to assist students and faculty were used for personal gains of Aslan Sarinzhipov and questionable deals. Unfortunately, NU senior officials such as Vice President Kadisha Dairova participated in such schemes. When I voiced my concern earlier over the developments at NU, it is largely because of the track record of senior officials there. For NU to move forward, it must adopt zero-tolerance policies for corruption, demand accountability from those responsible, and reform its governance structures to ensure transparency. - Why do some claim there is a lack of funds for NU and NIS, despite the promises of financial stability from their endowment funds? The claim of a lack of funds is a direct consequence of the systematic looting of resources from the New Generation Foundation and Jusan Group. These entities were explicitly designed to contribute to NU and NIS' long-term financial sustainability against the backdrop of reduced state funding. However, as I described in my Open Letter, these innovative financial structures have been undermined by mismanagement, and outright theft. For instance: Rebuilding financial stability will require recovering stolen assets, reforming governance structures, and restoring public trust through full transparency and accountability. - Given the scale of financial mismanagement, what steps are necessary to ensure accountability for those involved, including senior officials? Accountability must begin with transparency. First, all findings from the audits should be made public, and independent investigations should be conducted to identify those responsible. No individual, regardless of rank or influence, should be above scrutiny. Second, legal consequences must follow where wrongdoing is found. Kazakhstan's legal system must demonstrate its independence and commitment to justice by prosecuting those who exploited these funds. Finally, governance reforms are essential. NU and its associated entities must implement stricter checks and balances, including external audits, whistleblower protections, and oversight committees with independent members. These steps are not just about rectifying past mistakes—they're about ensuring a future where such mismanagement cannot happen again. - The audit findings were just the beginning of uncovering deeper issues. Is there more information you can share about how these financial foundations were exploited and what this means for the future of NU and NIS? The patterns that have emerged—opaque transactions, conflicts of interest, and questionable settlements—are deeply troubling. For instance, the transfer of assets to private hands under unclear terms raises red flags about the intentions behind such decisions. This exploitation puts the futures of NU and NIS at risk. These institutions were designed to be financially independent, insulated from political and economic volatility. The weakening of their financial foundations erodes their ability to deliver on their missions and betrays the trust of the Kazakhstani people, who have invested in these institutions through their taxes. The way forward requires not just recovering lost assets but rebuilding the governance systems that allowed this exploitation to occur. - Nazarbayev University was founded with a mission to serve as a model for higher education in Kazakhstan , supported by funds like those from the Nazarbayev Fund and New Generation Foundation. What was your original vision for the university, and how did these funds play a critical role in realizing that vision? The vision for NU was bold: to create an institution that could compete with the best universities in the world while serving as a model for higher education reform in Kazakhstan . From day one, we envisioned NU as a hub for innovation, research, and leadership development—a place where the brightest minds could come together to solve the challenges of tomorrow. However, one should not forget that universities, in particular research universities, are a long-term endeavor. They are meant to educate and develop generations upon generations of leaders and professionals in a broad range of sectors, and thus contribute to the scientific, economic, and societal wealth of countries. Building a strong institution that can meet the test of time requires long-term and unwavering commitments to foundational values such as integrity, meritocracy, excellence, openness and transparency. But of course, strong financial support from government and other stakeholders is needed, especially in the first decades. Thus, it was understood that NU would be dependent on state funding (through education grants and capital investments) for the initial decades of its existence, while in the meantime it would develop other sources of financing such as through endowment funds, tuition, and contract research. The Nazarbayev Fund, NGF and the Jusan Group were integral parts of this vision. This overall construct allowed us to recruit world-class faculty, develop state-of-the-art facilities, and provide scholarships to talented students, many from underprivileged backgrounds. These resources weren't just financial—they were a vote of confidence in NU's mission and a recognition of the transformative power of education. The loss of these resources is a significant setback, but I do hope that NU can recover. The university must focus on rebuilding trust with its stakeholders—students, faculty, alumni, and the public. This starts with transparency in financial management and governance. Diversifying funding sources will be crucial. This includes rebuilding its endowments, engaging with the philanthropic community, and developing innovative revenue streams. But most importantly, NU must stay true to its mission and values. Financial stability is important, but it must never come at the cost of compromising the university's integrity or academic excellence. Restoring NU's credibility begins with transparency. For instance, the university must share the audit report with stakeholders, and openly address any major shortcomings highlighted in the audit, including financial mismanagement and governance failures. An independent investigation, followed by public disclosure of findings, will demonstrate a commitment to accountability. Next, an affirmation of NU's commitment to its foundational values and principles is needed. Next, institutional reforms are essential. This includes introducing stronger oversight mechanisms for financial and administrative processes, ensuring that governance boards are staffed with individuals of the highest integrity and independence, and that management, faculty and staff are recruited on the basis of transparency and merit. Fourth, NU must recommit itself to its founding mission of academic excellence. This means maintaining rigorous admission standards, prioritizing high-quality faculty recruitment, and fostering research that addresses national and global challenges. And finally, engaging the NU community—students, faculty, alumni, and parents—in shaping the university's path forward is critical. A transparent, inclusive process will rebuild trust and reaffirm NU's position as a leader in higher education. Educational reform is not just critical—it is foundational to Kazakhstan's economic recovery and long-term stability. The pandemic exposed vulnerabilities in education systems worldwide, but it also underscored the importance of adaptability, innovation, and resilience. For Kazakhstan , investing in education means investing in the future. A well-educated population is essential for diversifying the economy, attracting foreign investment, and fostering innovation. Institutions like NU and NIS must lead the way by setting benchmarks for quality and demonstrating the value of education in driving economic progress. Moreover, reform must focus on equity. Expanding access to high-quality education for students from socially vulnerable backgrounds will ensure that economic recovery benefits all segments of society, not just the privileged few. - How do you see the role of institutions like NU and NIS in not only providing quality education but also contributing to economic growth in Kazakhstan , especially when financial stability is threatened? NU and NIS are more than educational institutions—they are catalysts for economic growth and social development. By equipping students with critical thinking skills, technical expertise, and a global perspective, they prepare the workforce needed to diversify Kazakhstan's economy. Their impact extends beyond classrooms. NU's research contributes to solving national challenges in areas like energy, healthcare, and technology. Meanwhile, NIS fosters innovation and leadership at the secondary education level, creating a pipeline of talent that benefits universities and industries alike. To sustain this role, NU and NIS must secure their financial stability. This includes strengthening governance, diversifying funding sources, and forging partnerships with the private sector and international organizations. These institutions are vital to Kazakhstan's future, and their success is intertwined with the country's broader economic ambitions. - Could the model used by NU and supported by the Nazarbayev Fund be applied in other countries, or does it require a uniquely Kazakh approach to work effectively? The NU model is innovative, but its core principles—integrity, meritocracy, autonomy, and a focus on global best practices—are universally applicable. Many countries could benefit from establishing institutions that prioritize excellence and align with international standards. That said, successful implementation depends on adapting the model to local contexts. Kazakhstan's approach benefited from strong initial financial and political backing, and a vision that emphasized independence from political and state bureaucratic interference. Replicating this requires careful consideration of governance structures, funding mechanisms, autonomy and other values, and cultural factors. In countries where philanthropic traditions or financial resources are limited, the model may need to rely more on public-private partnerships or international collaborations. Ultimately, the NU experience demonstrates that ambitious goals in education are achievable with the right vision, leadership, and long-term commitment support. - What lessons do you hope others will learn from the experience of the NGF, Jusan Bank , and the financial turmoil at NU? The story of NU and its financial affiliates offers a critical lesson: no institution, no matter how noble its mission, is immune to mismanagement and corruption without strong governance. NU and NIS' financial pillars, namely the Nazarbayev Fund, NGF, Jusan Group, but also the SDF and NIS' Corporate Development Fund were designed to guarantee long-term financial sustainability, yet their exploitation demonstrates how quickly trust can be eroded when transparency and accountability are neglected. For any endowment fund or financial institution, the following lessons are clear: NU's experience is a cautionary tale but also an opportunity. By addressing these failures head-on, NU can emerge as a model for how institutions can learn from adversity and rebuild stronger than before. View original content to download multimedia: https://www.prnewswire.com/news-releases/nazarbayev-university-crisis-shigeo-katsu-demands-audit-transparency-302338886.html SOURCE EU ReporterAGNC Investment Corp. Declares Fourth Quarter Dividends on Preferred StockTHE SOCIAL DEMOCRATS has taken “a knock” with the controversy surrounding newly elected TD Eoin Hayes who the party suspended yesterday, according to the party’s deputy leader Cian O’Callaghan. Hayes, who will now take his seat as an independent when the Dáil sits for the first time next week, confirmed yesterday that he gave incorrect details about when he sold shares he held in a software firm that supplies technology to the Israeli Defence Forces. Speaking to reporters outside Government Buildings this evening, O’Callaghan said: “Embarrassed would be an understatement. I’m very angry about the way this happened.” Hayes’ admission yesterday came after robust questions from the media on when exactly he had divested his shares. He refused to answer the question at the time. O’Callaghan said that after the press conference in Leinster House yesterday, Hayes told the party members about the timeline. He said the parliamentary party had voted unanimously to suspend the politician after what he said was an “embarrassing” and “unacceptable” incident. “It has affected our standing and we have a lot of work to do on this in the future,” he said. He added: “We’ve taken a knock – and deservedly so – but we’ve just been elected by people and we got a very strong mandate and people are saying very strongly that they really want us to act on issues like housing, healthcare, childcare, disability services and climate action.” The suspended politician had originally told the media and his party colleagues that he divested shares in his former employer, Palantir Technologies, prior to being elected to Dublin City Council in June. However, following reporting from the Daily Mail newspaper, he later revealed that he actually sold the shares in July – after taking office – for a pre-tax figure of €199,000 euro. The company supplies technology to Israel’s military. The timing of the sale did not line up with his public comments or statements from the leader of the Social Democrats, who has been a vociferous critic of Israel’s actions in the war in Gaza. Party leader Holly Cairns had called for economic sanctions against Israel in November last year, when Hayes still had shareholding in Palantir. O’Callaghan said the party had been given inaccurate information about when Mr Hayes sold his shares. He said he had requested that the party’s national executive review all of the issues leading up Hayes’ suspension. Asked if there was any route for Hayes back into the party, O’Callaghan said they were not at the point of “knowing what was going to happen into the future”. Pressed on whether complete expulsion was a possibility, he said the review into the matter would take a number of weeks. He said that Cairns, who gave birth to a baby girl two less than two weeks ago, was “extremely disappointed” about the matter. On the overall situation, O’Callaghan said: “Media do a very important job holding us to account and at all times information given to me and, indeed, the public and ourselves should be accurate.”Old friends Corey Conners and Brooke Henderson usually have to keep tabs on each other from afar, but this week they'll get to see one another up close. Conners and Henderson will team up once again at the Grant Thornton Invitational, a unique event where some of the best golfers from the PGA and LPGA Tours compete as pairs. The tournament is quickly becoming an annual reunion for the two graduates of Golf Canada's junior program. "Since turning professional, our careers have gone separate ways, and we haven't been able to cross paths too much," said Conners, who finished the men's season 39th on the FedEx Cup standings. "I'm always cheering her on from afar, and always have my eye on the LPGA Tour leaderboard when she's playing." Henderson, likewise, has been keeping tabs on Conners's exploits. "It's just been really fun to watch his career and cheer him on," said Henderson, who finished 13th in the women's tour's rankings. "I think this event has reconnected us, in a way, and it's been really special and great to be able to know his family and just to watch this game and be his partner here is really cool." Both were on Team Canada back in 2013 when they won the Copa de las Americas along with Albin Choi and Augusta James. Conners and Henderson also represented Canada at the last two Olympics but due to COVID-19 restrictions they didn't get to interact at the Tokyo Games in 2021. The men's and women's tournaments were on different weeks at the Paris Games this past summer. The two Canadians finished second at the inaugural Grant Thornton Invitational last year with a combined score of 25 under, a shot behind New Zealand's Lydia Ko and Australia's Jason Day. "It's been great to be able to share some experiences like the Olympics and this event last year and spending more time together has been awesome," said Conners, who is from Listowel, Ont. "She's this amazing person, amazing golfer, and a fun partner at this event." The stacked leaderboard will see 16 pairs tee off on Friday at Tiburon Golf Club in Naples, Fla. American Tony Finau withdrew from the event on Wednesday afternoon. He was replaced as top-ranked Nelly Korda's partner by Daniel Berger. "I feel like we make a great team, and I'm excited for Friday to tee it up and hopefully make some birdies and be inspired by (Conners's) great shots," said Henderson, who is from Smiths Falls, Ont. PGA TOUR — Six Canadians are vying for a PGA Tour card at the PGA Tour Q-School this week. Roger Sloan of Merritt, B.C., Edmonton's Wil Bateman, Myles Creighton of Digby, N.S., Toronto's Sebastian Szirmak, as well as Matthew Anderson and Sudarshan Yellamaraju of Mississauga, Ont., will all be in the field at Dye's Valley Course and Sawgrass Country Club in Ponte Vedra Beach, Fla., this week. LPGA TOUR — Hamilton's Alena Sharp and Maude-Aimee Leblanc of Sherbrooke, Que., both earned full status on the LPGA Tour for 2025 after solid showings at the final qualifying stage of the Q-Series on Monday. Sharp tied for 21st at 7 under and Leblanc tied for 24th at 6 under. The top 25 finishers in the tournament earned their status. GOLFZON TOUR — A team of five golfers from the Greater Toronto Area will be competing in the GOLFZON Tour, a golf simulator league that features 12 teams from North America and the United Kingdom. Team Toronto will play its GOLFZON Tour quarterfinal match at a Golfplay location in Waterloo, Ont., on the virtual Old Course at St. Andrews against Team Orlando on Dec. 19. This report by The Canadian Press was first published Dec. 11, 2024. John Chidley-Hill, The Canadian Press
ANGOLA, N.Y., Dec. 11, 2024 (GLOBE NEWSWIRE) -- This year marks the 30th anniversary of a game-changing technological breakthrough in the world of telecommunications: TX RX Systems’ Tower Top Amplifier (TTA) patent. Developed by TX RX’s engineers under founder Daniel P. Kaegebein and first patented in 1986, the Tower Top Amplifier has since become a crucial component in communication systems worldwide, enhancing signal strength, reducing noise, and improving the overall reliability of communication networks. The Tower Top Amplifier was invented to address a fundamental issue in wireless communication: signal loss between the antenna and the receiver due to long coaxial cable runs. The TTA optimizes system performance by placing low-noise amplifiers (LNAs) close to the receiving antenna, significantly reducing interference and maintaining signal integrity. This pioneering solution paved the way for more reliable communications in critical industries such as public safety, telecommunications, and emergency response, and it remains a cornerstone technology in modern communication systems. The Birthplace of Innovation This technological breakthrough originated right here in Angola, NY, where TX RX Systems’ engineers sought to solve a persistent challenge faced by radio networks, overcoming interference and minimizing noise in signal transmission. This task required not only a deep understanding of RF technology but also forward-thinking ingenuity that led to the creation of the Tower Top Amplifier. Thirty years later, this once-groundbreaking innovation has become a standard solution for communication towers and networks globally, underpinning critical communication systems from urban centers to remote areas. A Legacy of Technological Advancements Over the years, TX RX Systems has continued to push the boundaries of RF technology, securing several other patents that have had a transformative impact on the industry. Among these innovations is the Bi-directional Filter System, which enables the amplification of signals in separate frequency bands, and the Notch Filter Network, designed to isolate and eliminate unwanted frequencies with precision. These advancements are now widely used in sectors ranging from government to commercial telecommunications. Additionally, TX RX Systems developed the Parallel Fed Collinear Antenna Array, enhancing multi-frequency transmission, and the Temperature Compensation Apparatus, which stabilizes frequency performance in varying environmental conditions. Each of these innovations has further cemented the company’s reputation as a leader in RF infrastructure, contributing to the reliability of critical communication systems worldwide. The Global Reach of Local Innovation TX RX Systems’ patented technologies are not only used in local and national communication infrastructures but also serve as the backbone of global communication systems. These innovations ensure that vital industries—such as public safety, transportation, and healthcare—are equipped with the tools they need to maintain secure, efficient communication channels in any scenario. The 30-year anniversary of the Tower Top Amplifier is a testament to TX RX Systems’ long-standing commitment to technological excellence and innovation. This milestone celebrates not just a single invention but a legacy of ingenuity that continues to shape the future of communication technologies worldwide. About TX RX Systems For nearly 50 years, TX RX has been at the forefront of the Land Mobile Radio (LMR) market, developing mission-critical RF conditioning products and services that support industries such as public safety, telecommunications, and government. With an emphasis on innovation and quality, TX RX continues to lead the industry with cutting-edge technologies designed to enhance communication reliability and performance. For more information about TX RX Systems and its patented technologies, visit www.txrx.com/patents Media Contact: Jay Slomba Director of Business Development & Strategic Marketing jslomba@txrx.com Direct: 716-217-3117NATO head and Trump meet in Florida for talks on global security
STUART, Fla. , Dec. 24, 2024 /PRNewswire/ -- Health In Tech, an Insurtech platform company backed by third-party AI technology, today announced the closing of its initial public offering of 2,300,000 shares of its Class A common stock at a public offering price of $4.00 per share, for gross proceeds of $9,200,000 , before deducting underwriting discounts, commissions, and estimated offering expenses. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.
Unlike scores of people who scrambled for the blockbuster drugs Ozempic and Wegovy to lose weight in recent years, Danielle Griffin had no trouble getting them. The 38-year-old information technology worker from New Mexico had a prescription. Her pharmacy had the drugs in stock. And her health insurance covered all but $25 to $50 of the monthly cost. For Griffin, the hardest part of using the new drugs wasn’t access. It was finding out that the much-hyped medications didn’t really work for her. “I have been on Wegovy for a year and a half and have only lost 13 pounds,” said Griffin, who watches her diet, drinks plenty of water and exercises regularly. “I’ve done everything right with no success. It’s discouraging.” In clinical trials, most participants taking Wegovy or Mounjaro to treat obesity lost an average of 15% to 22% of their body weight — up to 50 pounds or more in many cases. But roughly 10% to 15% of patients in those trials were “nonresponders” who lost less than 5% of their body weight. Now that millions of people have used the drugs, several obesity experts told The Associated Press that perhaps 20% of patients — as many as 1 in 5 — may not respond well to the medications. It's a little-known consequence of the obesity drug boom, according to doctors who caution eager patients not to expect one-size-fits-all results. “It's all about explaining that different people have different responses,” said Dr. Fatima Cody Stanford, an obesity expert at Massachusetts General Hospital The drugs are known as GLP-1 receptor agonists because they mimic a hormone in the body known as glucagon-like peptide 1. Genetics, hormones and variability in how the brain regulates energy can all influence weight — and a person's response to the drugs, Stanford said. Medical conditions such as sleep apnea can prevent weight loss, as can certain common medications, such as antidepressants, steroids and contraceptives. “This is a disease that stems from the brain,” said Stanford. “The dysfunction may not be the same” from patient to patient. Despite such cautions, patients are often upset when they start getting the weekly injections but the numbers on the scale barely budge. “It can be devastating,” said Dr. Katherine Saunders, an obesity expert at Weill Cornell Medicine and co-founder of the obesity treatment company FlyteHealth. “With such high expectations, there’s so much room for disappointment.” That was the case for Griffin, who has battled obesity since childhood and hoped to shed 70 pounds using Wegovy. The drug helped reduce her appetite and lowered her risk of diabetes, but she saw little change in weight. “It’s an emotional roller coaster,” she said. “You want it to work like it does for everybody else.” The medications are typically prescribed along with eating behavior and lifestyle changes. It’s usually clear within weeks whether someone will respond to the drugs, said Dr. Jody Dushay, an endocrine specialist at Beth Israel Deaconess Medical Center. Weight loss typically begins right away and continues as the dosage increases. For some patients, that just doesn't happen. For others, side effects such as nausea, vomiting and diarrhea force them to halt the medications, Dushay said. In such situations, patients who were counting on the new drugs to pare pounds may think they’re out of options. “I tell them: It's not game over,” Dushay said. Trying a different version of the new class of drugs may help. Griffin, who didn't respond well to Wegovy, has started using Zepbound, which targets an additional hormone pathway in the body. After three months of using the drug, she has lost 7 pounds. “I'm hoping it's slow and steady,” she said. Other people respond well to older drugs, the experts said. Changing diet, exercise, sleep and stress habits can also have profound effects. Figuring out what works typically requires a doctor trained to treat obesity, Saunders noted. “Obesity is such a complex disease that really needs to be treated very comprehensively,” she said. “If what we’re prescribing doesn’t work, we always have a backup plan.” The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Science and Educational Media Group. The AP is solely responsible for all content.Israel strikes kill 52 in Lebanon as Hezbollah targets south Israel
A boat explosion at a South Florida marina kills 1 and injures 5 others
Malegaon (Maharashtra), Nov 23 (PTI) In a closely contested election, Mohammad Ismail Abdul Khalique of the All India Majlis-e-Ittehadul Muslimeen (AIMIM) has retained the Malegaon Central assembly seat, winning by a razor-thin margin of 162 votes. This victory in the north Maharashtra constituency marks a significant turnaround for Khalique, who previously enjoyed a commanding lead in the 2019 elections, winning by over one lakh votes. Khalique, an Islamic scholar, received a total of 1,09,653 votes this time, narrowly defeating his nearest rival, Asif Shaikh Rasheed of the Indian Secular Largest Assembly of Maharashtra party, who got 1,09,491 votes. There were a total of 13 candidates contesting in this Muslim dominated constituency. Barring Khalique and Rasheed, two other candidates -- Shaan-e-Hind Nihal Ahmed of Samajwadi Party and Ejaz Baig Aziz Baig managed below 10,000 votes. Other remaining candidates were below 1,000 votes. This election marks Khalique's third term as an MLA. He initially represented the Malegaon Central seat in 2009 as a member of the Jan Surajya Shakti party. However, Khalique faced a setback in the 2014 elections when he contested under the banner of the Nationalist Congress Party and lost. His return to the assembly in 2019 under the AIMIM banner solidified his political presence, and despite the significantly reduced margin this year, he has once again emerged victorious. The results highlight the competitive nature of the Malegaon Central constituency and underscore Khalique's resilience in maintaining his position amidst changing political dynamics. (This report has been published as part of the auto-generated syndicate wire feed. Apart from the headline, no editing has been done in the copy by ABP Live.)
In the rapidly evolving world of gaming, NVIDIA remains at the forefront of technological innovation, with its stock reflecting the company’s dynamic progress. Recently, NVIDIA’s stock has been in the spotlight due to its pioneering moves, especially in the context of artificial intelligence and next-generation GPUs, which are set to redefine gaming experiences. Exploring the AI Horizon One of NVIDIA’s groundbreaking advances is its integration of artificial intelligence within gaming development. The recent introduction of the GeForce AI-Powered Graphics Card offers gamers unprecedented levels of graphic realism and performance. This leap in technology is expected to drive NVIDIA’s stock to new heights, attracting investors keen on the intersection of AI and gaming. Boosting eSport Dominance NVIDIA’s latest strategic partnerships with leading eSports teams signal a significant investment in the competitive gaming sector. This collaboration aims to enhance eSports performance through cutting-edge technology, ultimately promoting NVIDIA as a central pillar in the eSports industry. Stock analysts anticipate a direct positive impact on NVIDIA’s market valuation, as gaming and eSports continue to merge. A Glimpse into the Virtual Realm Additionally, NVIDIA’s advancements in virtual reality (VR) hold promising implications for immersive gaming. The announcement of their new VR-ready graphics processors has sparked enthusiasm both among gamers and market watchers. As VR technology gains traction, NVIDIA’s stock is positioned to benefit substantially from this growing sector. With these strategic initiatives, NVIDIA continues to bolster its influence across multiple facets of the gaming industry, paving the way for a future where technology and gaming seamlessly converge. Investors and gamers alike are eagerly observing NVIDIA’s trajectory as its stock encapsulates the excitement of innovation. NVIDIA’s Next-Gen Innovations: A Game-Changer for Investors and Gamers? In the fast-paced arena of gaming technology, NVIDIA has consistently led the charge with groundbreaking innovations. As the company ventures deeper into artificial intelligence and cutting-edge GPU technologies, it leaves a significant mark not only on gaming experiences but also on its stock market performance. Breaking New Grounds in AI Integration The recent unveiling of the GeForce AI-Powered Graphics Card sets a new benchmark in gaming realism and performance. This state-of-the-art technology leverages artificial intelligence to deliver a level of visual detail previously unseen in the gaming industry. As a result, this innovation is attracting considerable attention from investors who recognize the lucrative potential at the intersection between AI advancements and gaming. eSports and NVIDIA: A Strategic Partnership NVIDIA’s strategic partnerships with top eSports teams demonstrate its commitment to enhancing competitive gaming. These collaborations focus on developing and deploying advanced technology to boost team performance, further cementing NVIDIA’s status as a crucial player in the eSports ecosystem. Analysts predict that these moves will significantly elevate NVIDIA’s market valuation, as the lines between traditional gaming and eSports continue to blur. Revolutionizing Virtual Reality Gaming Advancements in virtual reality have opened up new realms for gaming, and NVIDIA is positioned to lead the charge with its latest VR-ready graphics processors. These innovations promise a more immersive and engaging gaming experience, creating a buzz among both gaming enthusiasts and market analysts. As VR gains popularity, NVIDIA’s stock is poised to benefit from the expanding interest in immersive technologies. Future Insights and Market Predictions Looking ahead, NVIDIA’s strategic focus on AI, eSports, and VR indicates a company that is not only innovating but also capitalizing on emerging trends. As technology and gaming intertwine more intricately, NVIDIA appears well-positioned to sustain its influence within the industry. Future market predictions suggest continued growth in NVIDIA’s stock, bolstered by its groundbreaking solutions and strategic foresight. For more information on NVIDIA’s latest innovations and stock market performance, visit the NVIDIA website.
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