logo
Joe Manchin joins firms as adviser and board member

Joe Manchin joins firms as adviser and board member

Yahoo21-02-2025

WASHINGTON, DC (WBOY) — Longtime West Virginia politician Joe Manchin's post-senate career is taking shape.
Manchin, who most recently served as an independent U.S. Senator, wrapped up his political career last year when he opted not to run again for the seat now held by former Governor Jim Justice.
Earlier this month, Bondi Partners, an Australian advisory and investment firm, announced that Manchin had joined their team as a senior adviser.
WVU Board of Governors approves top candidate for 27th president
'I'm excited to join the exceptional team at Bondi Partners,' said Manchin in a news release. 'Throughout my career, I've focused on finding practical solutions that bring people together. I look forward to continuing this work to support business from Australia, the U.K., the U.S. and the rest of the world navigate complex policy landscapes and build strategies for future growth.'
Manchin was also recently appointed as an adviser to global asset manager Apollo and to the Board of Directors for Athene, a retirement services company.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Journalists among the injured in LA as ICE protests grow violent
Journalists among the injured in LA as ICE protests grow violent

Yahoo

timean hour ago

  • Yahoo

Journalists among the injured in LA as ICE protests grow violent

By Helen Coster (Reuters) -Journalists have been among those injured during protests against immigration raids in Los Angeles in recent days, as police clashed with crowds of protesters and fired less-lethal munitions to disperse them. Since confrontations between demonstrators and law enforcement first flared over the weekend, more than 30 cases of "police violence" against journalists while covering the protests have been reported, according to a database maintained by the Los Angeles Press Club. The press club includes physical violence as well as efforts to impair journalists' coverage, such as nonconsensual bag searches, in the category. It updates its database with reports from journalists and incidents reported on social media. Some of the incidents have resulted in injuries. Lauren Tomasi, U.S. correspondent for 9News Australia, was hit by a projectile while reporting live in downtown Los Angeles on Sunday. Tomasi had her back to police and was speaking into the camera when an officer pointed a weapon toward her and fired it, according to a video of the incident. Toby Canham, a freelance photographer working for the New York Post, said he was struck by a projectile on Sunday, resulting in a bruised forehead. In an interview he said the projectile, which was "hard and rubbery," knocked him to the ground. The Post published an image shot by Canham showing a law enforcement official that he said had fired at him from about 100 yards (91 meters) away. Tomasi did not immediately respond to a request for comment. Matt Stanton, CEO of 9News parent company Nine, in a statement called the incident 'shocking' and emphasized the need for a formal investigation. A photo editor at the New York Post did not immediately respond to a request for comment. The press club said it was aware of 20 injuries to journalists during the LA protests, including at least five that required medical attention. While Reuters established that at least two journalists were injured, the news agency could not independently confirm whether Tomasi or Canham were targeted because they are journalists. Reuters also could not confirm the press club's figures. In remarks to Australia's National Press Club on Tuesday, Australian Prime Minister Anthony Albanese said Tomasi was targeted as a journalist and that Australia has raised the issue with the Trump administration. An LAPD spokesperson did not confirm it had launched an investigation into the Tomasi incident, but highlighted a press release stating that its professional standards bureau 'will be investigating allegations of excessive force and other issues related to LAPD actions during the protests.' It is unclear whether those allegations relate to Tomasi. Other journalists included in the database said they were tear-gassed alongside protesters, kept in a small area, or had their bags searched by law enforcement without their consent. Asked about the incidents involving journalists, a White House spokesperson highlighted the risks to law enforcement officers and the public. 'Whenever violent, left-wing rioters engage in lawless behavior, they put innocent bystanders at risk," White House spokesperson Abigail Jackson said in a statement. She added that Democratic California Governor Gavin Newsom and Los Angeles Mayor Karen Bass "refused to quell the violent riots" and are "directly responsible for putting civilians in harm's way." Spokespeople for Newsom and Bass did not immediately respond to Reuters requests for comment. Bass, a Democrat, has said protests have been "largely peaceful", but there have also been incidents of protesters hurling projectiles at police, burning cars and looting. INADEQUATE TRAINING? Adam Rose, the press club's press rights chair, said the volume of incidents involving members of the media over just four days is unprecedented in Los Angeles. The high frequency could reflect a number of factors, including inadequate training of both law enforcement and journalists, Rose said. Canham, the freelance photographer who was injured and who previously served in the British Army, described a scene in which people were throwing water bottles at law enforcement before an officer "deliberately aimed" at him. "My main point is, please positively ID a target before you shoot," he told Reuters. Since Los Angeles relies heavily on transportation by car, law enforcement officials have a large responsibility to move protesters out of the way to allow traffic to flow, said Katherine Jacobsen, the U.S., Canada and Caribbean program coordinator at the Committee to Protect Journalists. The priority for moving traffic could create more opportunities for conflict between police and journalists, she said. Commentators on the right have taken to social media attacking coverage by some outlets, saying they were at times intentionally downplaying the protests. It was unclear if that criticism had any impact on the number of incidents involving journalists. Trump has said protesters have spit on U.S. Immigration and Customs Enforcement officers. The Department of Homeland Security said in a statement on Saturday that ICE officers had been targeted in recent days and doxxed, the practice of publicizing private information for malicious reasons. Reuters could not confirm these incidents. GEORGE FLOYD PROTESTS The LA protests are not the first time journalists including some from Reuters covering U.S. civil unrest have suffered injuries, whether by accident or through deliberate attacks. The number of physical assaults on members of the media spiked in 2020, the year nationwide Black Lives Matter protests erupted after the police killing of George Floyd in Minneapolis, according to Press Freedom Tracker, which describes itself as a nonpartisan news website and database. In subsequent years, assaults on journalists have moderated, the Press Freedom Tracker shows. Before the recent unrest in Los Angeles and other U.S. cities, only a handful of such cases have been logged by the database this year.

'Powerful' superannuation trick to save $150,000 in tax: 'Don't know until it's too late'
'Powerful' superannuation trick to save $150,000 in tax: 'Don't know until it's too late'

Yahoo

timean hour ago

  • Yahoo

'Powerful' superannuation trick to save $150,000 in tax: 'Don't know until it's too late'

If you inherit your parents' superannuation fund, there's a good chance you'll lose a big chunk of it to the ATO in tax. In some cases, this tax can be up to 30 per cent of their hard-earned retirement savings, which can have a big impact on how much is left over for your family. This is a tax that most people don't understand, or even know exists, until it's too late. The rules are a little technical and complicated, but this tax is completely avoidable if you get the right strategies in place early. If you're a parent wanting to leave money to your family, or someone likely to receive an inheritance that doesn't want to donate more to the ATO unnecessarily, the super inheritance tax rules are something you should be aware of. $1 million superannuation retirement myth busted Major RBA interest rate call set to give homeowners $250 per month win $400 cash boost available for thousands of Aussies in new energy rebate In Australia, super inheritance payments don't automatically pass to your family tax-free. There's often a hidden tax that's applied when your super money is passed down to a 'non-dependent', which includes most adult children. Under the laws that apply to super death benefit payments, a 'dependent' includes your spouse or partner, children under the age of 18, or someone who is financially dependent on you. The good news here is that a dependent can inherit super tax-free. Non-dependents include adult children, parents, siblings, or anyone else who isn't financially dependent on you. This is where the super death benefits tax of up to 30 per cent kicks in, and when the ATO will come knocking for their slice of your gets a little complicated, but essentially your super fund is made up of different 'components' based on how the money has come into your super fund. These components are referred to as 'taxable (untaxed)', 'taxable (taxed)', and 'tax-free', and each different component is treated slightly differently when it comes to super death benefits tax: Taxable (untaxed) is taxed at 30 per cent when paid to a non-dependent Taxable (taxed) is taxed at a rate of 15 per cent when paid to a non-dependent Tax-free is able to be received tax free, even by non-dependents The biggest component of most people's super funds is the 'taxable (taxed)' element, because this component is made up of any compulsory employer super contributions, salary sacrifice or tax deductible contributions, and all of the growth and earnings on these funds inside your super fund. This means if you inherit a $1 million super benefit, you're likely to pay tax of around $150,000 - money that could have stayed in your family. The good news here is that this tax can be significantly reduced, or eliminated altogether with a simple strategy. It's called the 'withdrawal and recontribution' strategy, and it's one of the most powerful (and underrated) strategies in Australian financial planning. This strategy will give some tax benefits to your parents while they're drawing an income from their super, but also goes a long way to cutting out the super death benefits tax. This strategy works once your parent is over the age of 60, and has met a condition of release (like retirement) they can withdraw part of all of their super, completely tax-free. To put this strategy into place, you withdraw super money and then put the same money back into your super fund as an after tax, 'non-concessional' contribution. When the non-concessional contribution goes back into your super fund, no tax applies on the way into the super fund - but more importantly, the money goes into the 'tax free' component of your super. This means that when the money is eventually inherited, no super death benefits tax applies. In this case it's essentially a simple swap. You take taxable money out of super, and put tax-free money back in. The key here is doing this while your parents are still around and while they're eligible to be making super contributions. It's worth noting that the rules around withdrawing and contributing to your super fund, as well as how much you can put in and when are complicated. If you're thinking about putting this strategy into place, it's crucial you get some quality advice from a professional. Over the next two decades, Australia is going to see the biggest intergenerational wealth transfer in our history, with billions of dollars moving from one generation to the next. Most of this money will be transferred via superannuation and property assets. Without the right strategies in place, a bigger piece of your inheritance pie will be taken up with tax. And while this is important at some level, if you want to maximise the wealth that's actually retained within your family, you don't want the tax to be any bigger than it needs to be. If your parents have super and they're planning on passing this on to adult children or other non-dependents, don't wait until it's too late to understand this tax and how to manage it. If you don't, you could be looking at a six-figure hit to your inheritance, and worse - knowing it could have all been avoided through some conversations and smart planning. Ben Nash is a finance expert commentator, podcaster, financial adviser and founder of Pivot Wealth. Ben's new book, Virgin Millionaire; the step-by-step guide to your first million and beyond is out now on Amazon | Audiobook. If you want some help with your money and investing, you can book a call with Pivot Wealth here. Disclaimer: The information contained in this article is general in nature and does not take into account your personal objectives, financial situation or needs. Therefore, you should consider whether the information is appropriate to your circumstances before acting on it, and where appropriate, seek professional advice from a finance in retrieving data Sign in to access your portfolio Error in retrieving data

ASX Value Stock Picks Including Lynas Rare Earths For Estimated Growth
ASX Value Stock Picks Including Lynas Rare Earths For Estimated Growth

Yahoo

time2 hours ago

  • Yahoo

ASX Value Stock Picks Including Lynas Rare Earths For Estimated Growth

As the ASX200 flirts with record highs, investor sentiment in Australia is cautiously optimistic, buoyed by potential trade deals and corporate activities like mergers and acquisitions. In such a climate, identifying undervalued stocks becomes crucial for investors looking to capitalize on market opportunities; companies with strong fundamentals and growth potential can offer promising prospects even amidst fluctuating sector performances. Name Current Price Fair Value (Est) Discount (Est) Superloop (ASX:SLC) A$2.85 A$4.92 42.1% Ridley (ASX:RIC) A$2.86 A$5.64 49.3% Praemium (ASX:PPS) A$0.685 A$1.16 40.8% Polymetals Resources (ASX:POL) A$0.825 A$1.54 46.3% PointsBet Holdings (ASX:PBH) A$1.195 A$2.05 41.8% Nuix (ASX:NXL) A$2.35 A$4.04 41.8% Nanosonics (ASX:NAN) A$4.35 A$6.92 37.1% Fenix Resources (ASX:FEX) A$0.285 A$0.47 38.9% Charter Hall Group (ASX:CHC) A$19.35 A$33.88 42.9% Capricorn Metals (ASX:CMM) A$9.12 A$14.62 37.6% Click here to see the full list of 32 stocks from our Undervalued ASX Stocks Based On Cash Flows screener. Underneath we present a selection of stocks filtered out by our screen. Overview: Lynas Rare Earths Limited operates in the exploration, development, mining, extraction, and processing of rare earth minerals in Australia and Malaysia with a market capitalization of A$8.04 billion. Operations: The company generates revenue primarily from its rare earth operations, amounting to A$482.82 million. Estimated Discount To Fair Value: 36.5% Lynas Rare Earths is trading at A$8.6, significantly below its estimated fair value of A$13.55, suggesting it may be undervalued based on discounted cash flow analysis. Despite a decline in profit margins from 33.2% to 10.5%, the company is expected to experience substantial earnings growth of over 61% annually, with revenue projected to grow at 38% per year, outpacing the broader Australian market's growth expectations. Our growth report here indicates Lynas Rare Earths may be poised for an improving outlook. Unlock comprehensive insights into our analysis of Lynas Rare Earths stock in this financial health report. Overview: Nanosonics Limited is a global infection prevention company with a market cap of A$1.32 billion. Operations: The company's revenue is primarily derived from its Healthcare Equipment segment, totaling A$183.97 million. Estimated Discount To Fair Value: 37.1% Nanosonics, trading at A$4.35, is valued below its estimated fair value of A$6.92, highlighting potential undervaluation based on discounted cash flow analysis. Earnings have grown 14.3% annually over the past five years and are forecast to increase significantly by 24.3% per year, outpacing the Australian market's growth rate of 11.6%. However, its future return on equity is projected to be relatively low at 13.9% in three years' time. The growth report we've compiled suggests that Nanosonics' future prospects could be on the up. Get an in-depth perspective on Nanosonics' balance sheet by reading our health report here. Overview: Ridley Corporation Limited, with a market cap of A$1.05 billion, provides animal nutrition solutions in Australia through its subsidiaries. Operations: The company's revenue is derived from two main segments: Bulk Stockfeeds, contributing A$894.26 million, and Packaged/Ingredients, accounting for A$389.70 million. Estimated Discount To Fair Value: 49.3% Ridley, trading at A$2.86, is priced below its estimated fair value of A$5.64, indicating potential undervaluation based on discounted cash flow analysis. Recent equity and fixed-income offerings might impact shareholder value in the short term. While revenue is expected to grow robustly at 20.7% annually, earnings growth of 16.6% per year surpasses the Australian market average but remains moderate compared to significant benchmarks. The company's dividend history is unstable, and return on equity forecasts are modest at 14.4%. Our expertly prepared growth report on Ridley implies its future financial outlook may be stronger than recent results. Click to explore a detailed breakdown of our findings in Ridley's balance sheet health report. Navigate through the entire inventory of 32 Undervalued ASX Stocks Based On Cash Flows here. Have a stake in these businesses? Integrate your holdings into Simply Wall St's portfolio for notifications and detailed stock reports. Enhance your investing ability with the Simply Wall St app and enjoy free access to essential market intelligence spanning every continent. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ASX:LYC ASX:NAN and ASX:RIC. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store