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Ancora is a family wealth investment advisory firm and fund manager with $9.5 billion in assets under management.
The firm has a nearly four-year history at Forward Air , initially filing a 13D on Dec. 28, 2020 , and ultimately settling for two board seats on March 15, 2021 .
By late 2021 , the stock began performing better after the company cleaned up the business, bringing the price to over $ 120 per share.
However, by late 2023 , the company's stock price began to languish.
Forward Air is a great company that did a bad deal.
It now has an over-levered balance sheet and bloated selling, general and administrative expenses.
What needs to be done here sell off non-core assets and restructure operations is best done in private.
Private equity firm, Clearlake Capital , filed a 13D with language suggesting their desire to engage with the board about strategic alternatives.
The News-Herald
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Better Business Bureau has received numerous reports of unscrupulous emergency garage door repair companies targeting homeowners by inflating the amount of work needed or the required parts for repair.
These scammers often take advantage of urgent situations and prey on the homeowners’ lack of knowledge of garage door parts and service costs.
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Gov. Hochul may have finally awoken to the state's looming energy nightmare, too bad she’s befuddled about how to prevent it.
Her energy summit last week was meant to reckon with an inconvenient truth: All the pixie dust in the world won’t help New York meet its goals to abandon fossil fuel.
Washington Examiner
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Gov. Gavin Newsom (D-CA) wants to pass legislation that would further government control over the state’s oil and gas industry.
California already has the highest gas prices in the country, thanks to a cap-and-trade regime that raises costs on refineries.
Instead of recognizing that it is these laws that are causing the price of gas to skyrocket, Newsom wants to blame greedy oil companies.
The Daily Wire
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California Gov. Gavin Newsom killed a bill that would have allowed illegal immigrants to be eligible for a housing program where they could receive an interest-free loan worth up to $150,000 for a home purchase.
The bill passed 53-18 in the state Assembly and 25 -14 in the Senate before heading to the governor’s desk.
No Republicans in the Assembly or Senate voted in favor of the bill and argued that it would continue to incentivize illegal immigration.
The American Prospect
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The economy added just 142,000 jobs last month , continuing a weakening trend.
The Labor Department revised earlier estimated job growth downward, this time cutting the figure for job growth in June and July by 86,000 .
Drill deeper and you see a softening job market for college grads as well as those without degrees.
The Fed is required by law to balance full employment with price stability goals.
Washington Examiner
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The Inflation Reduction Act was perhaps the signature achievement of the Biden-Harris administration.
Joe Biden finally admitted the bill wasn’t about inflation and that the name did not describe what it was.
Biden said he wants to highlight the “progress we’ve made together by our Investing in America ’ agenda”.
The Daily Wire
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Judge Juan Merchan delayed the sentencing of Donald Trump in his Manhattan hush-money case until November 26 , exactly three weeks after the November 5 election.
Trump was convicted on all 34 charges in May in the case, which stems from a $ 130,000 payment to Stormy Daniels in exchange for her silence on an alleged affair.
The American Conservative
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The Bureau of Labor Statistics reported Friday that employers added only 142,000 jobs throughout the month of August , down from 202,000 created in the August of 2023 .
The unemployment rate fell from 4.25 to 4.22 percent .
Average hourly earnings grew 0.4 percent , but Slack , the number of people working part time, who would rather be working full time, rose to 7.9 percent .
Mother Jones
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Alexander & Baldwin , founded in 1870 , drained streams of 165 million gallons a day to irrigate its plantation in Maui ’s central plain, moving it through 70 miles of tunnels, ditches, flumes, and reservoirs.
At its height, EMI sustained its operations by draining plentiful streams of.
fresh water.
EMI has been the source of long-running legal battles on Maui , as farmers and environmental groups.
Hawaii ’s constitution declares that water is a public trust for the benefit of all citizens.
But there's a loophole: Businesses, such as A&B , can control and sell the use of their water diversion systems.
The state leases water rights to EMI and other companies.
Mahi Pono bought 41,000 acres of former plantation lands for $262 million , making it Maui 's largest landowner.
For years , A&B and Mahi Pono have sought to influence local politics.
Voters approved the creation of the East Maui Community Board water authority in 2022 .