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Tag: Executive

  • Trump issues an executive order to suspend the US TikTok ban. But can it stick?

    Trump issues an executive order to suspend the US TikTok ban. But can it stick?

    President Donald Trump signed an executive order Monday to keep TikTok operating for 75 days, a relief to the social media platform’s users even as national security questions persist.

    TikTok’s China-based parent ByteDance was supposed to find a U.S. buyer or be banned on Jan. 19. Trump’s order could give ByteDance more time to find a buyer.

    “I guess I have a warm spot for TikTok,” Trump said.

    Trump has amassed nearly 15 million followers on TikTok since he joined last year, and he has credited the trendsetting platform with helping him gain traction among young voters. Yet its 170 million U.S. users could not access TikTok for more than 12 hours between Saturday night and Sunday morning.

    The platform went offline before the ban approved by Congress and upheld by the U.S. Supreme Court took effect on Sunday. After Trump promised to pause the ban on Monday, TikTok restored access for existing users. Google and Apple, however, still have not reinstated TikTok to their app stores.

    Business leaders, lawmakers, legal scholars, and influencers who make money on TikTok are watching to see how Trump tries to resolve a thicket of regulatory, legal, financial and geopolitical issues with his signature.

    TikTok’s app allows users to create and watch short-form videos, and broke new ground by operating with an algorithm that fed viewers recommendations based on their viewing habits. But concerns about its potential to serve as a tool for Beijing to manipulate and spy on Americans pre-date Trump’s first presidency.

    In 2020, Trump issued executive orders banning dealings with ByteDance and the owners of the Chinese messaging app WeChat. Courts ended up blocking the orders, but less than a year ago Congress overwhelmingly passed a law citing national security concerns to ban TikTok unless ByteDance sold it to an approved buyer.

    The law, which went into force Sunday, allows for fines of up to $5,000 per U.S. TikTok user against major mobile app stores — like the ones operated by Apple and Google — and internet hosting services like Oracle if they continued to distribute TikTok to U.S. users beyond the deadline for ByteDance’s divestment.

    Trump on Sunday said he had asked TikTok’s U.S. service providers to continue supporting the platform and app while he prepared to sign an executive order to stop the ban for now.

    “The order will also confirm that there will be no liability for any company that helped keep TikTok from going dark before my order,” Trump posted on Truth Social, his social networking site.

    The law that Congress passed and now-former President Joe Biden signed in April allowed for a 90-day extension if there had been progress toward a sale before the statute’s effective date. Less certain is whether that provision can be applied retroactively, according to Sarah Kreps, director of Cornell University’s Tech Policy Institute.

    “Executive orders cannot override existing laws,” Kreps said. “It’s not clear that the new president has that authority to issue the 90-day extension of a law that’s already gone into effect.”

    Kreps also doubts the conditions for a delay exist at this point without so much as even a potential buyer being named to prove that a sale was moving along.

    But Alan Rozenshtein, a University of Minnesota law professor, has written that the law also empowers the president to decide what constitutes a “qualified divestiture” — suggesting Trump could have discretion to say whether or when ByteDance meets the terms of the Protecting Americans from Foreign Adversary Controlled Applications Act.

    Although ByteDance spent months repeating it wasn’t interested in selling, Beijing on Monday also signaled a possible easing on China’s stance on TikTok to allow it to be divested from its Chinese parent company. China’s vice president held meetings with Vice President JD Vance and Tesla tech titan Elon Musk on Sunday.

    Chinese Foreign Ministry spokeswoman Mao Ning, said Monday that business operations and acquisitions “should be independently decided by companies in accordance with market principles.”

    “If it involves Chinese companies, China’s laws and regulations should be observed,” Mao said.

    Until now, it was widely believed that Beijing would not allow the sale of TikTok, which had come to embody China’s defiance in the face of “U.S. robbery.” However, TikTok was among several issues brought up in a phone call between Chinese President Xi Jinping and Trump on Friday, though details were not available.

    Trump later announced plans to delay the TikTok ban and suggested a joint venture in which the U.S. would get a 50% ownership of the app. Shou Zi Chew, TikTok’s CEO, attended Trump’s inauguration, seated with American tech heavyweights.

    The Justice Department is generally tasked with enforcing the laws of the federal government, so it’s possible that Trump will direct the DOJ to ignore the law. Such a move might itself be subject to legal scrutiny but would buy time for TikTok.

    Trump’s efforts to save TikTok may put him at odds with some of the House members and senators who voted for the law, which received broad bipartisan support. House Speaker Mike Johnson called ByteDance’s ownership “a very dangerous thing,” and said he expected a full sale to happen.

    “I think we will enforce the law,” Johnson told NBC News’ “Meet the Press” on Sunday.

    Legislators now stand to “look a little bit silly” if the ban doesn’t last, Kreps said.

    “(The case) becomes about the separations of powers, and checks and balances, that we don’t have a king who decides what happens with the law,” Kreps said. “Enforcement isn’t only up to the executive branch.”

    Sen. Tom Cotton of Arkansas, in a message posted on X, listed a number of state and federal agencies, and private entities, that might be willing to go to court to get the ban enforced.

    “Any company that hosts, distributes, services, or otherwise facilitates communist-controlled TikTok could face hundreds of billions of dollars of ruinous liability under the law, not just from DOJ, but also under securities law, shareholder lawsuits, and state AGs,” Cotton noted.

    Despite the intense scrutiny and potential costs involved, the machinations over TikTok are in some ways just business as usual for the tech companies involved, according to Gus Hurwitz, a legal scholar with the International Center for Law and Economics.

    “The fines that we’re talking about are civil penalties and companies risk civil penalties all the time,” Hurwitz said.

    Still, the hard business calculus of complying with a law in limbo or risk defying a president who holds lucrative federal contracts over those companies could come into focus if shareholders sue.

    Oracle, for example, has a part of the Pentagon’s $9 billion contract to build its cloud computing network.

    “This actually could be the right business decision to make,” Hurwitz said. “That’s not necessarily a breach of duty to shareholders.”

    There’s been lots of questions about how companies such as Oracle and Akamai Technologies are powering TikTok’s servers to stay online, while others such as Apple and Google have made the app unavailable for new users to download.

    None of the companies have responded to requests for comment.

    Oracle in 2020 announced it had a 12.5% stake in TikTok Global after securing its business as the app’s cloud technology provider.

    Meanwhile, as of Monday night, a search for TikTok on Apple’s app store directs to an online statement that reads in part: “Apple is obligated to follow the laws in the jurisdictions where it operates,” while Google’s app store notes downloads for TikTok “are paused due to current US legal requirements.”

    ___

    Ho reported from Seattle. Maya Sweedler and Didi Tang in Washington contributed reporting.

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  • Gautam Hari Singhania appointed as executive chairman of Raymond Lifestyle amid opposition by proxy advisory firms – Industry News

    Gautam Hari Singhania appointed as executive chairman of Raymond Lifestyle amid opposition by proxy advisory firms – Industry News

    Raymond Lifestyle announced that Gautam Hari Singhania has been appointed as the executive chairman of the company. Per a regulatory filing, out of the 100 per cent of 4,17,57,480 votes, 86.85 per cent were cast in favour of the resolution while the remaining 13.15 per cent were against the resolution of the appointment. The special resolution proposed in a Postal Ballot Notice dated November 04, 2024, Raymond Lifestyle said, have been passed with the requisite majority.

    The remote e-voting commenced on November 05, 2024, at 9.00 am and ended on December 4, 2024, at 5.00 pm. Shareholders were asked to approve Gautam Singhania’s tenure, which is set to span from September 1, 2024, to August 31, 2029. However, concerns were raised by proxy advisory firms, Empowerment Services (SES) and Institutional Investor Advisory Services India (IiAS). According to media reports, they had asked the shareholders to reject the move, citing concerns over governance, transparency, and reputational risks. Per reports, SES also expressed reservations about his simultaneous full-time roles in Raymond and Raymond Lifestyle, the lack of an absolute cap on his variable pay and commission, and unclear restructuring plans. 

    Meanwhile, IiAS criticised the lack of detail in the proposed remuneration structure, noting the absence of a maximum cap and performance-linked metrics for commission payouts. It also underscored the reputational challenges linked to Gautam Singhania and said that he is undergoing divorce proceedings, during which his wife, Nawaz Modi, has accused him of domestic violence and misuse of company funds for personal gains. 

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    Earlier this year, Raymond Group had announced the demerger of the company. It had said that post completion of all formalities for both the Scheme of Arrangement, there will be three listed entities in the Raymond Group i.e. Raymond Limited, Raymond Lifestyle Limited and Raymond Realty Limited.



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  • Standout NHL centre Bill Hay went on to play key roles as a hockey executive

    Standout NHL centre Bill Hay went on to play key roles as a hockey executive

    Open this photo in gallery:

    Chairman of the Hockey Hall of Fame Bill Hay about to contact the 2012 Inductees Pavel Bure, Joe Sakic, Mats Sundin and Adam Oates on June 26, 2012. Mr. Hay died on Oct. 25 at the age of 88.Steve Poirier/Hockey Hall of Fame

    On and off the ice, Bill (Red) Hay was a force in hockey.

    As a player, he won the Calder Trophy as the National Hockey League’s rookie of the year in 1960. The following season, playing on Chicago’s Million Dollar Line, he won the Stanley Cup.

    As an executive, he was president of the Calgary Flames, the president of Hockey Canada and the chief executive officer of the Hockey Hall of Fame.

    Mr. Hay, who has died at 88, was a rare Canadian player of his era to have been formally educated. He is regarded as a trailblazer for having delayed the start of his professional hockey career to earn a degree from a U.S. college while playing for the varsity team.

    The left-handed centre retired as a player at the age of 31 in 1967, though he likely had left several productive seasons.

    “It wasn’t easy to leave hockey,” he said six years later. “At that time, league expansion had just begun. There was a great shortage of players and the money offered was good. The greatest difficulty was resisting the temptation to carry on for a few more years and make extra money.”

    Open this photo in gallery:

    Mr. Hay was chief executive officer of the Hockey Hall of Fame.Steve Poirier/Hockey Hall of Fame

    Mr. Hay left hockey for the oil patch. A decade earlier, his inability to find a job out of college had led him to sign a hockey contract.

    William Charles Hay was born in Saskatoon on Dec. 9, 1935, the youngest of three children by the former Florence Miller and Charles Cecil Hay. Both parents were notable athletes and graduates of the University of Saskatchewan.

    His mother, nicknamed String, was a goaltender for the women’s varsity hockey team. String Miller also played basketball and competed in track. She hailed from an athletic family, as a younger brother, Earl Miller, played left wing for parts of five NHL seasons with the Chicago Blackhawks and Toronto Maple Leafs.

    The elder Mr. Hay was also a goaltender for the university, which he led to a Western Canadian senior hockey title in 1923, before losing the Allan Cup national championship to the Toronto Granites by 11-2 in a two-game, total-goals series. The Granites went on to win the Olympic gold medal the following year.

    Young Bill played hockey before he started school in Lumsden, Sask. By the age of 15, he was skating for the junior Regina Pats. A giant of his era, at 6 foot 3 (190.5 centimetres) and 190 pounds (86 kilograms), Mr. Hay was neither a bully nor a bulldozer, showing skill as a smooth skater and playmaker, as well as an opportunistic goal scorer.

    In the 1955 postseason, he scored 12 goals in 15 games, though his Pats lost the Memorial Cup to the Toronto Marlboros. The Marlies, featuring several future NHL players including Bob Pulford, Bobby Baun and Billy Harris, defeated the Pats four games to one in a series played in Regina. The lanky Mr. Hay scored a hat-trick in the desperate final game, only to lose, 8-5.

    The Montreal Canadiens, who owned his rights, urged the promising centreman to attend McGill University while playing for one of the club’s farm teams. Instead, he hitchhiked south to talk his way into a scholarship with Colorado College.

    Mr. Hay scored 60 goals in 60 games over two seasons with the Tigers. He was a two-time All-American. In 1957, the Tigers defeated Michigan 13-6 to claim the National Collegiate Athletic Association championship. Mr. Hay was named the all-star centre of the Frozen Four tournament held at Colorado Springs.

    After graduating with a geology degree in 1958, Mr. Hay unsuccessfully sought employment in his field in Calgary.

    That fall, he was one of 56 players invited to training camp with the Montreal Canadiens. He survived coach Toe Blake’s first cut of 30 skaters before being optioned to the Calgary Stampeders of the old Western Hockey League.

    He scored his first pro goal in a 3-2 victory at home against the Spokane Flyers (soon to be renamed Spokes). His victim was former NHL netminder Emile (The Cat) Francis.

    After a slow start, blamed by hockey writers on the higher calibre of play than that found at the collegiate level, the tall centre wound up with 54 points (24 goals, 30 assists) in 53 games.

    The Canadiens, who were overloaded with young centres, including Jean Béliveau and Henri Richard, sold the prospect’s rights to Chicago for US$20,000 in April, 1959.

    The tall, angular rookie, aged 23, was placed between right winger Murray Balfour, 23, who was another Montreal castoff from Saskatchewan, and Bobby Hull, 20, the flashy left winger dubbed the Golden Jet. The trio clicked immediately.

    “There’s not much to this game when you have a guy like Bobby there,” Mr. Hay said. “All you have to do is get [the puck] to him and he scores.”

    Open this photo in gallery:

    Mr. Hay won the Stanley Cup playing on Chicago’s Million Dollar Line in 1961. Former Chicago Blackhawk players, from left, Eric Nesterenko, Bill ‘Red’ Hay, Stan Mikita and Glenn Hall sing the national anthem after being honored for the 50th anniversary of the 1961 Stanley Cup champions, on Jan. 9, 2011.Charles Cherney/The Canadian Press

    Chicago coach Rudy Pilous called the trio his Million Dollar Line. (The sobriquet is also attributed to the team’s owner, who was alleged to have said he would not part with them for that sum.) The centre skated in all 70 games in his inaugural campaign, scoring 18 goals with 37 assists.

    At the end of the season, Mr. Hay was voted as the league’s top rookie by hockey writers. He outpolled Murray Oliver of Detroit by 139-101, followed by Ken Schinkel of New York, Chicago teammate Stan Mikita and linemate Mr. Balfour. The Calder Trophy came with a $1,000 prize.

    In his sophomore campaign, the Blackhawks eliminated Montreal in the semi-finals before defeating Gordie Howe and the Detroit Red Wings by four games to two to claim the Stanley Cup. Mr. Hay scored a goal and added three assists in the finals.

    “Nobody really relied on anybody in 1961,” he told the Calgary Albertan a decade later. “Everybody worked hard, especially at checking.”

    Married and with three young children at home, Mr. Hay shocked the Blackhawks by retiring at the end of the 1965-66 season to become an executive with an oil exploration company.

    Open this photo in gallery:

    Mr. Hay (left) shows his 1961 Stanley Cup ring to Anaheim Ducks General Manager Brian Burke during a ceremony at the Hockey Hall of Fame in Toronto on Jan. 25, 2008.Frank Gunn/The Canadian Press

    “I wanted to settle down in Calgary and get into business,” he told Louis Cauz of The Globe and Mail. “It was pretty hard moving the family back and forth.”

    He was lured back midway through the season, before retiring as a player for good in 1967, just as the NHL was about to double in size from six to 12 franchises. In eight seasons with Chicago, the centre skated in 506 games, scoring 113 goals with 274 assists. He had another 15 goals and 21 assists in 67 playoff games.

    Oddly, his early retirement did not prevent other teams from selecting him in drafts. The new St. Louis Blues picked him in the 11th round, No. 66 overall, in the 1967 NHL expansion draft. A year later, Chicago claimed him back. He had not played competitive hockey for five years when the Calgary Broncos selected him in the 74th round of the World Hockey Association’s draft. As it turned out, the Calgary franchise folded before the start of the season, and Mr. Hay’s rights transferred to the Cleveland Crusaders.

    Through his summers as a player, Mr. Hay drew maps and studied exploration research for Imperial Oil. He later reported on drilling operations in Alberta and Montana for Sedco Explorations, owned by the Saskatchewan-born brothers Donald, Daryl (Doc) and Byron (BJ) Seaman. As an executive with their Bow Valley Resource Services Ltd., Mr. Hay helped broker a meeting between Doc Seaman and NHL president John Ziegler about transferring the faltering Atlanta Flames franchise to Calgary, which happened in 1980.

    Open this photo in gallery:

    Hockey Canada agrees to send a team to the 1978 World Championships, on Feb. 25, 1978. Clockwise from bottom, chief negotiator Alan Eagleson, Eric Morse, former National Hockey League president, Clarence Campbell, Ron Roberts, Torrance Wyllie, ex-national team coach Father David Bauer, Bill Watters, Chris Lang, Bill Hay, George Cariviere, Larry Gordon, Derek Holmes and chairman Douglas Fisher.Edward Regan/The Globe and Mail

    Eleven years later, Mr. Hay became president of the club.

    “I’ve got to throw all that [Blackhawks] stuff out,” he told Monte Stewart of the Calgary Herald. “Even my grandkids aren’t allowed to wear them now.”

    By then, he was also president of Hockey Canada, the sport’s national governing body, a position once held by his father, who was responsible for organizing the famed 1972 Summit Series between the Soviet Union’s national team and Canadian NHL professionals.

    Mr. Hay has been inducted into the Saskatchewan Sports Hall of Fame (1992), the Colorado College Athletic Hall of Fame (1995), the Colorado Springs Hall of Fame (1998), Saskatchewan Hockey Hall of Fame (2013) and the Alberta Hockey Hall of Fame (2017). He was elected to the Hockey Hall of Fame as a builder in 2015, again matching his father, who had been enshrined as a builder in 1974, a year after his death at the age of 71.

    The hockey administrator was also honoured for his work as a geologist and executive by being named to the Saskatchewan Oil and Gas Hall of Fame in 1999.

    Mr. Hay died on Oct. 25. He leaves the former Nancy Anne Livingstone Woodman, his wife of 67 years, as well as two daughters, five grandchildren, three great-grandchildren and a brother. He was predeceased by a sister. A son, Donald James Hay, died three days after his father, aged 62.

    For his part, Mr. Hay was amused when his coach came up with the memorable nickname for his line.

    “Million Dollar Line, that was a laugh,” he once said. “Bobby got $950,000 and Murray and I each got $25,000.”

    You can find more obituaries from The Globe and Mail here.

    To submit a memory about someone we have recently profiled on the Obituaries page, e-mail us at obit@globeandmail.com.

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  • 6 unique executive condos with dual-key penthouses and other rare layouts, Lifestyle News

    6 unique executive condos with dual-key penthouses and other rare layouts, Lifestyle News

    Over the years, ECs have narrowed the gap with their private counterparts; and we don’t just mean in price. It’s hard to tell the difference in terms of quality as well, and ECs have just as many creative layouts.

    In the following, we look at EC projects with particularly distinctive floor plans, which may suit those looking for something a little special but are on a tighter budget:

    1. One Canberra

    One Canberra is located along Yishun Avenue 7, relatively close to Canberra MRT station (NSL). This 665-unit EC was completed in 2015, so it’s already available on the resale market. The notable units here are the penthouse options:

    It’s not often that you’ll find a single-storey penthouse, and some people prefer this as it is much more usable. This penthouse blends indoor and outdoor spaces with open courtyards.

    There are two of these: one adjacent to the bedroom, and another adjacent to the dining room.

    The unit also opens up into a private rooftop terrace, which is large enough to hold a full dining table. One of the bedrooms also opens directly into this rooftop terrace.

    All this makes for a very well-ventilated unit; but if you’re the type who dislikes paying for big outdoor spaces, you may find it wasted square footage.

    One Canberra also has dual-key penthouse layouts, great for landlords who want to rent out part of the unit, or for extended multi-gen families.

    One group can live upstairs, and the other downstairs, with a much healthier degree of separation as compared to normal dual-key units.

    As with the single-level penthouse, the layout opens up to outdoor spaces and roof terraces in multiple areas.

    Older homeowners may appreciate that there are bedrooms on both levels, unlike older layouts where the bedrooms tend to all be upstairs. 

    2. Belysa

    Belysa is located along Pasir Drive 1. This is quite a small project with only 315 units, so it’s much more private than many ECs. It was built in 2014, so while it is coming to 10 years of age it still looks relatively modern.

    The type A1 three-bedder units in Belysa stand out for several reasons. Despite being quite compact for a three-bedder (829 sq ft), the developer saw to it that every bedroom could fit at least a queen-sized bed.

    There’s also no balcony, which will please homebuyers who see that as wasted square footage. Also note the ideal kitchen layout: most serious home cooks prefer this sort of enclosed kitchen, where storage and countertops are available along both walls.

    The entrance also features a high ceiling, which helps to open the space around the living and dining areas. 

    There is a bit of inefficiency in the corridor space leading to the master bedroom; but this isn’t a big loss of space.

    3. Citylife @ Tampines

    CityLife is a 514-unit EC along Tampines Avenue 9. It’s quite well known for its affordability (often below $1,500 psf), as it was launched and completed at a time of lower prices; the TOP was in 2016. We’re highlighting it here for its unusually massive Type G4PHr (Penthouse) unit.

     This particular unit was the cause for some controversy when it launched, as its selling price of over $2m meant that the combined income ceiling for ECs would price buyers out.

    Penthouse units are expected to be big, but this may be the most massive one we’ve seen in an EC yet; it might even be the single biggest EC unit out there. This unit is a gigantic 4,369 sq ft, and it’s a two-storey unit to boot.

    The master bedroom, on the second floor, opens up into a large roof terrace; one big enough to rival the yards and gardens of some landed homes. The entirety of the top floor is dedicated to just this master bedroom and the open space.

    The ground floor is more conventional, but still impressive for the spaciousness. The unit is large enough to accommodate a family room in addition to the living/dining area. 

    This is a good setup for those who like gardening (the rooftop terrace can accommodate some serious greenery), as well as those who want a serious home office — that master bedroom could be converted into a workspace that rivals some Grade A offices. 

    4. Esparina Residences

    Esparina is a 573-unit EC at Compassvale Bow, and it’s one of the uncommon ECs that’s very close to an MRT station. It’s across the road from Sengkang Grand Mall, which is connected to Buangkok MRT station (NEL).

    Esparina’s Type C1 units will be of interest to extended families. This is a dual-key four-bedder, where one subunit is neatly tucked to the left side of the unit.

    From the foyer, a common entrance opens up into the kitchen of either the subunit or the larger main unit. While the subunit’s bedroom is the designated master bedroom, the larger main unit also has a bedroom that can be used as one (albeit without an attached master bathroom).

    This is an interesting layout as it provides a bit of flexibility as even if you don’t want the dual-key element, it’s easy to treat it as a whole unit with a particularly lavish master bedroom setup.

    We don’t know if the kitchen adjacent to the master bedroom can be fully replaced, but either of the two kitchens could be converted to a small pantry, if you want to make it a single unit.

    Otherwise, this layout also makes rental quite easy, as the side with the master bedroom is essentially its own studio apartment. 

    5. iNz Residences

    iNz is a rather new EC, that was built in 2019; if it’s not already on the resale market when you read this, it will be sometime later this year. It’s a 497-unit project located near Choa Chu Kang Avenue 5, and borders the upcoming Tengah estate. 

    The Type E1 five-bedder maisonette here is a practical one. Whilst relatively compact for a five-bedder (1,711 sq ft), the bedrooms are reasonably spacious.

    Where it wins out over many maisonettes is the placement of three bedrooms upstairs, and two others downstairs — this is helpful for ageing-in-place, as older residents typically want to move to a downstairs room. 

    Also note the good kitchen layout, with a wet and dry kitchen portion, a service yard, and the storage space tucked neatly behind it; the wet kitchen is also easy to fully enclose if you need to.

    A high ceiling in the living area also helps to open up the space a bit, which helps to make the space feel bigger.

    6. Sea Horizon

    Sea Horizon is a 495-unit project, completed in 2016. This project looks out in the direction of Pulau Ubin (hence the name), which should please those seeking waterfront views.

    It’s also located in Pasir Ris and within walking distance of Downtown East, one of the largest family recreation hubs in Singapore. This is definitely family-condo material.

    What is interesting here is that Sea Horizon has a Garden Duplex layout, which somewhat resembles a home with a small basement. Most of the living space is on the upper floor, with the downstairs providing a large entertainment room, with an attached toilet and an open court.

    This is an excellent setup for those who need a specialised room in the house (e.g., photography room, sound studio, collection room), or perhaps just an extra guestroom.

    The upper floor provides a fairly large private enclosed space, which when coupled with the open court, explains the “garden” concept. Mind you, those who don’t love the idea of a small garden or outside space might frown on this as wasted square footage.

    [[nid:707250]]

    This article was first published in Stackedhomes.

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  • Novak Djokovic Committed to Deliver Tennis a Final Gift as PTPA’s Head Executive Evaluates the Sport’s Greatest Challenge

    Novak Djokovic Committed to Deliver Tennis a Final Gift as PTPA’s Head Executive Evaluates the Sport’s Greatest Challenge

    Novak Djokovic is stepping up in a big way for professional tennis. As a passionate athlete who has poured nearly 21 years into his tennis career, he’s now stepping up to give back to the community that has supported him all along. Currently, in the middle of what many speculate to be his final season, the Serb is rallying up the troops for the PTPA. He’s not just serving his best on the court; he’s smashing the barriers around it as he goes.

    Last year, Djokovic passionately addressed the need for change within professional tennis, stating, “We all definitely want to see a change at the base level because the 150th player on the planet struggles.” This sentiment is exactly why the PTPA was created; to tackle the existing structures in tennis that haven’t been serving players effectively. As Nole put it, “People don’t realize how expensive this sport is.”

    via Reuters

    The world of tennis is reaching a boiling point, and the PTPA is leading the charge—taking legal action against the ATP and WTA. The target? Those suffocating non-competition clauses that prevent players from participating in independent events. It’s a battle that has been brewing for years, and the frustration is palpable. Seasons grow longer, matches stretch endlessly, injuries pile up, and players are left battered and broken. They dedicate their lives to this sport, but are given no reprieve—just more demands, more exhaustion, more silence from those who are supposed to have their backs.

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    This is why the PTPA is fighting—not just for change, but for fairness, for a future where players have a voice, where their sacrifices are recognized, and where the game respects the people who give it everything. The anger and exhaustion are real, and it’s about time the system takes notice.

    Even the CEO of the PTPA, Ahmad Nassar, isn’t mincing words. “The system is so biased against the players, as well as sub-optimal for fans and media and other commercial partners,” he declared, exposing a reality that many know but few dare to say aloud. He’s demanding a shift, not an overnight fix but a long-term transformation. “I’m asking for a 10-year plan because tennis needs a revamp, and nobody seems to have an answer for where we are going next,” Nassar added, his words ringing with the urgency of a sport on the brink of breaking down.

    The stark difference between tennis and golf paints an even bleaker picture. Last year, only Novak Djokovic and Carlos Alcaraz broke into the top 100 highest-paid athletes, while golf boasted ten players on that list. The Grand Slams may offer the allure of big prize money, but beyond the elite few, the pay drops off a cliff. Tennis players, battling through brutal schedules, punishing heat, and constant injury risk, are often left with aching bodies and empty bank accounts, while golfers can bank millions without even coming close to winning. The inequality is glaring, and it cuts deep.

    It’s no wonder the players are fed up. They aren’t just fighting for trophies; they’re fighting for respect, for their future, and for their right to a fair game. Djokovic’s involvement with the PTPA is a testament to his devotion—he knows firsthand what it’s like to fight for everything, to leave it all on the court, and he wants to give his peers a safety net for when they finally hang up their racquets. Even as whispers of retirement grow louder around him, Djokovic isn’t backing down—he’s still in the fight, still determined, still passionate about changing the game for the better. His fire burns bright, and his dedication is a reminder that this battle is far from over.

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    Novak’s plans long after he’s left the court

    After a seven-year-long gap, Novak Djokovic is back in action for his 10th appearance at the Shanghai Masters. He is determined to become the third player in the Open Era to win 100 tour-level titles. Not to mention that he is also aiming to surpass Roger Federer’s record of 71 titles on hard courts. But what fuels his desire to get back on the court time after time?

    In a recent press conference, he expressed, “My love for tennis will never feed away. I have a lot of emotions when I am playing. And not particularly only in the tournament, but also in practice sessions. Sometimes it’s not always going your way, but I think my relationship with tennis goes much deeper than a tournament or a year or success or failure.”

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    Despite fulfilling his dream of winning an Olympic gold medal, the Serbian tennis player admitted to feeling a bit exhausted, which may explain his early exit from the US Open 2024. However, his passion for the sport still burns bright, as evidenced by his victory at the Davis Cup. He expressed his desire to remain connected to tennis even after retiring from the court, stating, “It’s a sport that I fell in love with when I was very young. I still have a love for the sport. Even when I retire from professional tennis, I’m going to stay in tennis, stay involved in different roles because I feel like I owe this sport a lot for what it has given to me.”

    Talk about unwavering commitment! Seems like Djokovic is ready to show that his passion for tennis remains as strong as ever. So fans better keep a close eye on this player. The Masters 100 might just be another incredible chapter in his legendary career.

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  • Manchester United give the executive elite another fiasco to chew on | Soccer

    HERE WE GO AGAIN

    At one point during Manchester United’s humiliation at the hands of Tottenham on Sunday, the Sky Sports cameras cut to the posh seats in one of Old Trafford’s stands. There they were, all seated together: the lads. More specifically, the Ineos Brains Trust, all employed by minority shareholder and entitled billionaire Sir Big Jim Ratcliffe. Apparently they are the executive elite, the best of the best and tip of the spear when it comes to football club leadership, administration, finance, player recruitment, analytics and in one specific instance, seeming shifty and unconvincing when appearing before government select committees tasked with combating doping in British sport.

    Hunched in their seats, these expensively assembled high-performance hucksters and marginal gains gurus from the football equivalent of Top Gun appeared to be outdoing each other in their efforts to look more gravely concerned than the others by what they were seeing unfold on the pitch. Assorted suits with matching red ties sitting alongside each other but alone with their thoughts; with each almost certainly arriving at the conclusion that “this fiasco certainly isn’t any of my doing”. While it seems pretty obvious that it’s only a matter of time before these members of the Brailsford Hive Mind subject each other and their boss to endless PowerPoint presentations before arriving at the stunningly novel collective conclusion that it’s time to appoint a man whose sole foray into the world of club management ultimately resulted in the relegation of Middlesbrough from the Premier League, nobody seems to have mentioned it to the current head coach.

    Having masterminded a team effort so abject that the only player on the pitch to hint they might have the United manager’s back was the predictably profligate Tottenham winger Timo Werner, Erik ten Hag insisted that he and those in whose hands his future lies are – to borrow a phrase from the Tory party – all in this together. It was a sentiment that couldn’t have rung more hollow if it had emanated from the pie-hole of Boris Johnson and the beleaguered Dutchman’s insistence that “we need some time” sounded equally unconvincing given that the 3-0 defeat was right up there with the very worst performances he’s overseen in two-and-a-half years at the club. Even his regular go-to excuse of “injuries” sounded nonsensical, given that Luke Shaw is the only first-team staple currently sidelined, while Spurs were missing Son Heung-min, who would have put away at least one of the chances Werner missed on the frequent occasions he was put through on goal.

    Of course no United embarrassment is complete without an addendum from Gary Neville, who stepped up to the plate by describing his former team’s first-half performance as “disgusting”, before adding that professionalism of United’s players being questioned last week by a senior dressing-room figure such as Christian Eriksen should carry more weight than anything a humble pundit such as he might have to say. In other post-match fallout, Tottenham felt compelled to put out a club statement condemning “the abhorrent homophobic chanting from sections of our away support at Old Trafford”, stating that “it is simply unacceptable, hugely offensive and no way to show support for the team”. While largely supported, a quote-tweet from Proud Lilywhites, the official LGBTQ+ wing of Spurs fans did garner a significant number of replies from assorted members of the “woke nonsense” and “it’s only b@nter” brigades, who apparently remain too dimwitted to realise that using the insinuation somebody they don’t like is not straight as a pejorative might in some way be hugely insulting to vast numbers of their own tribe.

    LIVE ON BIG WEBSITE

    Join Michael Butler from 8pm BST for hot Premier League MBM coverage of Bournemouth 2-1 Southampton.

    QUOTE OF THE DAY

    “I like good VAR … I just want a VAR that helps the referee to take the right decisions” – José Mourinho’s Turkish adventures have continued after he protested against the decision to disallow a Fenerbahce goal. Mourinho placed a laptop in front of a touchline TV camera to display a picture in an effort to show the offside decision was incorrect. He was booked for his troubles.

    José Mourinho, laptop manager. Photograph: X

    Oh dear, I can’t support Harry Webb’s idea of voting for the letter o’ the day (Friday’s Football Daily letters). That would turn you into another social disgrace popularity contest. Can you imagine other vengeful authors ensuring that Noble Francis never wins again? I think your arbitrary and inexplicable bottle-spinning decision-making has its own adequate charm” – Ken Muir.

    Not sure if I like Harry’s suggestion. Surely that would lead to a rapidly deteriorating situation involving who could aim the most bots to auto-vote for their chosen candidate, as competitive billionaire social media disgrace owners and leaders of despotic regimes inevitably get drawn in, then compete to achieve personal victory. Consequently Football Daily would be responsible for appreciably heightening international tensions, as the inevitable bad feelings about regularly not getting the prizeless letter o’ the day nomination (I speak from personal experience) overflows into bitter resentment and a deteriorating geopolitical situation” – Steve Malone [so you’re saying it’s a no? – Football Daily Ed].

    Harry’s idea is a great one. It will reflect how engaged and committed your readership is. Oh” – Andrew Kluth.

    Arsenal’s Riccardo Calafiori has been quoted on Italian TV, getting caught up in the excitement and then contradicting himself by saying: ‘It’s a bit early to say I’ve won over the fans, but I’ve made them love me straight away.’ Feels like that’s right up there with Tony Blair’s classic: ‘A day like today, it’s not a day for soundbites really, we can leave those at home. But I feel that, I feel the hand of history upon our shoulder” – Noble Francis.

    Send letters to the.boss@theguardian.com. Today’s prizeless letter o’ the day winner is … Andrew Kluth. Terms and conditions for our competitions can be viewed here.

    Join Max, Barry and the rest of the pod squad for the latest edition of Football Weekly. Available wherever you get your podcasts.

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  • Former FTX executive Caroline Ellison faces sentencing

    Former FTX executive Caroline Ellison faces sentencing

    NEW YORK — Caroline Ellison, a former top executive in Sam Bankman-Fried ’s fallen FTX cryptocurrency empire, faces the possibility of years in prison when she is sentenced Tuesday for fraud, but prosecutors said she deserves leniency for her “extraordinary cooperation” as they investigated the company.

    Ellison, 29, pleaded guilty nearly two years ago and testified against Bankman-Fried for nearly three days at a trial last November.

    In a court filing, prosecutors said said her testimony was the “cornerstone of the trial” against Bankman-Fried, 32, who was found guilty of fraud and sentenced to 25 years in prison.

    Asking the court for a lighter sentence, Ellison’s own lawyers cited both her testimony at the trial and the trauma of her off-and-on romantic relationship with Bankman-Fried — though they also stressed that she wasn’t trying to evade responsibility for her crimes.

    “Caroline blames no one but herself for what she did,” her lawyers wrote in a court filing. “She regrets her role deeply and will carry shame and remorse to her grave.”

    FTX was one of the world’s most popular cryptocurrency exchanges, known for its Superbowl TV ad and its extensive lobbying campaign in Washington, before it collapsed in 2022.

    U.S. prosecutors accused Bankman-Fried and other top executives of looting customer accounts on the exchange to make risky investments, make millions of dollars of illegal political donations, bribe Chinese officials and buy luxury real estate in the Caribbean.

    Ellison was chief executive at Alameda Research, a cryptocurrency hedge fund controlled by Bankman-Fried that was used to process some customer funds from FTX.

    Her work relationship with Bankman-Fried was complicated by her romantic feelings for him, her lawyers wrote in a court filing.

    “From the start, Mr. Bankman-Fried’s behavior was erratic and manipulative. He initially professed strong feelings for Caroline and suggested their liaison would develop into a full relationship. But after a few weeks, he would ‘ghost’ Caroline without explanation, avoiding her outside of work and refusing to respond to messages that were not work-related,” her lawyers said.

    As the business began to faulter, Ellison divulged the massive fraud to employees who worked for her even before FTX filed for bankruptcy, her lawyers wrote.

    Ultimately, she also spoke extensively with U.S. investigators.

    “Ellison cooperated at great personal and professional cost, enduring harsh media and public scrutiny and attempted witness tampering by Bankman-Fried,” prosecutors wrote.

    They said she was forthcoming about her own misconduct and was “uniquely positioned to explain not only the what and how of Bankman-Fried’s crimes, but also the why.”

    “In her many meetings with the Government, Ellison approached her cooperation with remarkable candor, remorse, and seriousness,” they wrote. “She dedicated herself to extensive document review that helped identify key corroborating documents in an investigation hamstrung by Bankman-Fried’s systematic destruction of evidence.”

    Her testimony at the trial, they said, was credible and compelling.

    Judge Lewis A. Kaplan will decide the sentence.

    Since testifying at Bankman-Fried’s trial, Ellison has engaged in extensive charity work, written a novel and worked with her parents on a math enrichment textbook for advanced high school students, according to her lawyers.

    They said she also now has a healthy romantic relationship and has reconnected with high school friends she had lost touch with while she worked for and sometimes dated Bankman-Fried from 2017 until late 2022.

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