Latest news with #CalvinCoolidge
Irish Independent
29-05-2025
- Business
- Irish Independent
Damian Stack: Kerry GAA's commercial director move shows the business of sport is business
County boards are medium sized enterprises, with substantial in-comings and out-goings Kerryman Calvin Coolidge, President of the United States in the roaring twenties, is purported to have said that the business of America is business. There's some debate as to whether he exactly said those precise words, no matter, they've gone down in history or at least in popular memory A century later, despite a great depression (which Coolidge's policies might have helped bring about), a great recession, and several other blips in between, what Coolidge said (or didn't exactly say) remains very much the case.
Yahoo
25-05-2025
- General
- Yahoo
Remembering the nation's heroes
beckley – 'The nation which forgets its defenders will be itself forgotten.' — Calvin Coolidge. The 20th anniversary of the LZRainelle Veterans Reunion in Rainelle is one of several events which will provide residents in the region opportunities to pay homage to those who have given their lives to protect the country's freedom. Also, the Raleigh County Veterans and First Responders Museum and the American Legion Post 32 Veterans Cemetery will be sites for several Memorial Day weekend events. The LZRainelle event commenced Thursday and will run through Monday, May 26. Run For The Wall is an organized cross-country motorcycle ride to honor veterans, their families and friends and to raise awareness of those still missing — Prisoners of War (POW) and Missing in Action (MIA). After the Run For The Wall riders arrived Thursday and spent some time with Rainelle Elementary students and members of the public, they continued their journey to the Vietnam Veterans Memorial in Washington, D.C., according to Emma Michelinie, chair of the LZRainelle Veterans Reunion committee. But, that doesn't put an end to the Greenbrier County activities. Riders representing Task Force Omega (TFO) of Kentucky, which was part of the group that launched Run For The Wall in 1989, will remain in Rainelle the rest of the weekend and take part in events. TFO will hold a service at Ponderosa Lodge on Rte. 60 before they depart the area on Sunday. Other than the arrival and departure of the phalanx of riders Thursday, another prime highlight of the weekend in Rainelle was Friday night's anticipated candlelight memorial service at the Mountaineer Veterans Garden of Honor. In that scenario, thousands of flags, one representing each West Virginia soldier killed in action from World War I to present day, are displayed at the intersection of Rte. 60 and Rte. 20, on the hillside in front of Rainelle Medical Center. The display features about 1,000 solar lights, and organizers call it 'spectacular by day, serene by night.' It is on full display through Memorial Day. An annual parade will begin at noon Saturday in Rainelle, with lineup starting at 11 a.m. Entries will be accepted to the time of lineup. 'The more, the better,' said Michelinie. West Virginia Gold Star Mothers will lead the parade as grand marshals. The parade will be graded by a point system, with a grand prize being awarded to the most patriotic entry, as well as winners in each of eight categories. Money prizes will be awarded. Other Saturday highlights will include a Beckley Sno Biz food booth, music from Thomas Wayne Danley, Hidden Mountain Treasures and Goodson Boys, a bicycle contest, the annual murbles tournament and a fireworks display. Throughout the weekend, visitors to Rainelle are encouraged to view the Greenbrier County Gold Star Mothers' Living Memorial Apple Orchard on Simms Mountain Road (3290 Tincher Road, Rainelle, WV 25962). Michelinie said 'there's no words' to describe what the reunion weekend and activities mean to the community and to veterans and their families themselves. Locals continuing to put action behind their appreciation for those who have died defending their country is crucial, she said. LZRainelle was established in 2005. For more information on the schedule of events, visit • • • The Raleigh County Veterans and First Responders Museum (201 South Eisenhower Drive, Beckley, WV 25801) will be open over the Memorial Day weekend on Saturday, Sunday and Monday from 10 a.m. to 5 p.m. There will be many displays, as well as special guests and raffles for items and gifts. There is no admission cost; however, donations are appreciated. The schedules is as follows: • Saturday, May 24: Place flags on headstones at the Veterans Cemetery, 9 a.m.; museum open for visitors from 10 a.m. to 5 p.m. • Sunday, May 25: Museum open from 10 a.m. to 5 p.m.; candlelight service at the Veterans Cemetery, 8 p.m. • Monday, May 26: Museum open from 10 a.m. to 5 p.m.; honor flags display, 12 p.m. Individuals can meet at the American Legion Post 32 Veterans Cemetery at 9 a.m. on Saturday to place flags on all of the headstones. Coffee, hot cocoa and doughnuts will be supplied. On Sunday, May 25, the candlelight service will be staged at the cemetery at 8 p.m. The event will feature a short concert of patriotic music by the Salvation Army's Beckley Brass Band. After the music, candlelights will be placed on each of the headstones. There is some seating, and refreshments will be provided. For information, call Ron Hedrick at 304-228-6939. Notes: • The Dandelion Festival in White Sulphur Springs will run through Sunday, May 25. The activities on Sunday will include a veterans luncheon at Paisley Park (12 to 1:30 p.m.), to be catered by The Schoolhouse Hotel, and a veterans memorial service on the Main Stage (2 to 3 p.m.). • The New River Gorge National Park and Preserve will open up the Thurmond Depot and the Grandview Visitor Center on Saturday, May 24, and both will be open through the Memorial Day weekend, according to a park spokesperson. Summer hours for both those facilities will be: Thurmond — 10 a.m. to 5 p.m., open Wednesday to Sunday; and Grandview — 12 to 5 p.m., open Friday to Sunday. Thurmond Depot tours will start next week at 11 a.m. on days the depot is open. There will also be afternoon talks at the Canyon Rim Visitor Center and pop-up programs at Sandstone and Grandview.
Yahoo
25-05-2025
- General
- Yahoo
Remembering the nation's heroes
beckley – 'The nation which forgets its defenders will be itself forgotten.' — Calvin Coolidge. The 20th anniversary of the LZRainelle Veterans Reunion in Rainelle is one of several events which will provide residents in the region opportunities to pay homage to those who have given their lives to protect the country's freedom. Also, the Raleigh County Veterans and First Responders Museum and the American Legion Post 32 Veterans Cemetery will be sites for several Memorial Day weekend events. The LZRainelle event commenced Thursday and will run through Monday, May 26. Run For The Wall is an organized cross-country motorcycle ride to honor veterans, their families and friends and to raise awareness of those still missing — Prisoners of War (POW) and Missing in Action (MIA). After the Run For The Wall riders arrived Thursday and spent some time with Rainelle Elementary students and members of the public, they continued their journey to the Vietnam Veterans Memorial in Washington, D.C., according to Emma Michelinie, chair of the LZRainelle Veterans Reunion committee. But, that doesn't put an end to the Greenbrier County activities. Riders representing Task Force Omega (TFO) of Kentucky, which was part of the group that launched Run For The Wall in 1989, will remain in Rainelle the rest of the weekend and take part in events. TFO will hold a service at Ponderosa Lodge on Rte. 60 before they depart the area on Sunday. Other than the arrival and departure of the phalanx of riders Thursday, another prime highlight of the weekend in Rainelle was Friday night's anticipated candlelight memorial service at the Mountaineer Veterans Garden of Honor. In that scenario, thousands of flags, one representing each West Virginia soldier killed in action from World War I to present day, are displayed at the intersection of Rte. 60 and Rte. 20, on the hillside in front of Rainelle Medical Center. The display features about 1,000 solar lights, and organizers call it 'spectacular by day, serene by night.' It is on full display through Memorial Day. An annual parade will begin at noon Saturday in Rainelle, with lineup starting at 11 a.m. Entries will be accepted to the time of lineup. 'The more, the better,' said Michelinie. West Virginia Gold Star Mothers will lead the parade as grand marshals. The parade will be graded by a point system, with a grand prize being awarded to the most patriotic entry, as well as winners in each of eight categories. Money prizes will be awarded. Other Saturday highlights will include a Beckley Sno Biz food booth, music from Thomas Wayne Danley, Hidden Mountain Treasures and Goodson Boys, a bicycle contest, the annual murbles tournament and a fireworks display. Throughout the weekend, visitors to Rainelle are encouraged to view the Greenbrier County Gold Star Mothers' Living Memorial Apple Orchard on Simms Mountain Road (3290 Tincher Road, Rainelle, WV 25962). Michelinie said 'there's no words' to describe what the reunion weekend and activities mean to the community and to veterans and their families themselves. Locals continuing to put action behind their appreciation for those who have died defending their country is crucial, she said. LZRainelle was established in 2005. For more information on the schedule of events, visit • • • The Raleigh County Veterans and First Responders Museum (201 South Eisenhower Drive, Beckley, WV 25801) will be open over the Memorial Day weekend on Saturday, Sunday and Monday from 10 a.m. to 5 p.m. There will be many displays, as well as special guests and raffles for items and gifts. There is no admission cost; however, donations are appreciated. The schedules is as follows: • Saturday, May 24: Place flags on headstones at the Veterans Cemetery, 9 a.m.; museum open for visitors from 10 a.m. to 5 p.m. • Sunday, May 25: Museum open from 10 a.m. to 5 p.m.; candlelight service at the Veterans Cemetery, 8 p.m. • Monday, May 26: Museum open from 10 a.m. to 5 p.m.; honor flags display, 12 p.m. Individuals can meet at the American Legion Post 32 Veterans Cemetery at 9 a.m. on Saturday to place flags on all of the headstones. Coffee, hot cocoa and doughnuts will be supplied. On Sunday, May 25, the candlelight service will be staged at the cemetery at 8 p.m. The event will feature a short concert of patriotic music by the Salvation Army's Beckley Brass Band. After the music, candlelights will be placed on each of the headstones. There is some seating, and refreshments will be provided. For information, call Ron Hedrick at 304-228-6939. Notes: • The Dandelion Festival in White Sulphur Springs will run through Sunday, May 25. The activities on Sunday will include a veterans luncheon at Paisley Park (12 to 1:30 p.m.), to be catered by The Schoolhouse Hotel, and a veterans memorial service on the Main Stage (2 to 3 p.m.). • The New River Gorge National Park and Preserve will open up the Thurmond Depot and the Grandview Visitor Center on Saturday, May 24, and both will be open through the Memorial Day weekend, according to a park spokesperson. Summer hours for both those facilities will be: Thurmond — 10 a.m. to 5 p.m., open Wednesday to Sunday; and Grandview — 12 to 5 p.m., open Friday to Sunday. Thurmond Depot tours will start next week at 11 a.m. on days the depot is open. There will also be afternoon talks at the Canyon Rim Visitor Center and pop-up programs at Sandstone and Grandview.
Yahoo
14-05-2025
- Business
- Yahoo
Analyst reboots Caterpillar stock price target as new CEO discusses tariffs
This Cat must have more than nine lives. On April 15, 1925, when Calvin Coolidge was in the White House, Benjamin Holt and C.L. Best merged their two heavy-construction-equipment firms to create Caterpillar Tractor Co. 💸💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰💸 Over the next 100 years Caterpillar () would become the world's largest manufacturer of construction equipment. The company provided vital equipment to the U.S. armed forces during World War II. Caterpillar tractors were used extensively by the Seabees, the U.S. Navy's construction battalions, to build airfields, barracks, port facilities and other crucial infrastructure in the Pacific theater and other locations. The company grew rapidly during the postwar construction boom, as Caterpillar capitalized on the massive demand for highways, dams and other construction projects. Today, Caterpillar has found a place in the tech world as its generators are a hot commodity among developers of computer data centers. Demand for data centers is increasing rapidly, driven by the growth of cloud computing and AI. Caterpillar is a major manufacturer of diesel generator sets, a common choice for data-center backup power. The Irving, Texas, company missed Wall Street's first-quarter earnings expectations in April and new CEO Joe Creed told analysts that "the potential impact of tariffs has increased uncertainty and the situation remains fluid." "Throughout our history, we've demonstrated the ability to navigate many different environments." said Creed, who on May 1 succeeded Jim Umpleby as chief executive. "I'm confident we're well-positioned to manage the impact of tariffs over time. Caterpillar is a global company and we have manufacturing locations around the world." More Economic Analysis: Fed inflation gauge sets up stagflation risks as tariff policies bite U.S. recession risk leaps as GDP shrinks Like it or not, the bond market rules all China is an important market for Caterpillar, representing around 5% to 10% of its total business sales. During the April 30 quarterly earnings call Creed said "China has shown positive momentum in the 10-ton-and-above excavator industry but from a very low level of activity." Chief Financial Officer Andrew Bonfield said: "Given the uncertainty of what tariff rates could be and the timing of any additional mitigation actions that we may take once the situation becomes clearer, it is not possible to derive an accurate estimate of the net full year impact of tariffs." Umpleby had described "a very dynamic situation depending on what the administration in the end decides to do around tariffs." 'And so there have been certain statements made by members of the administration on China, for example, that the current tariff levels are not sustainable,' he said, adding that 'we're cautiously optimistic here that there will be some trade deals struck and that the tariff impact will be lower than it is currently.' Well, that optimism appears to have paid off. The U.S. and China agreed to a 90-day pause on most of their recent tariffs. The combined U.S. tariff rate on Chinese imports will be cut to 30% from 145%, while China's levies on U.S. imports will fall to 10% from 125%. Baird analyst Mircea Dobre upgraded Caterpillar to outperform from neutral on May 13 with a price target of $395, up from $309. That new target indicates 12.5% upside from CAT shares' current level. And it's the second time this month that Dobre upgraded his rating of the company and boosted the stock price. At the end of the first quarter, a combination of lower-than-normal seasonal dealer inventory buildup, a much better-than-expected backlog, and stabilized dealer retail sales all pointed to potential fundamental improvement into 2026 for Caterpillar, the analyst said eased tariff impacts "[add] weight" to 2025 as a trough earnings year for the company and are likely to drive an expanded multiple for the shares. This should allow Caterpillar shares to catch up with the S&P 500 after it underperformed by 15% over the past year, the analyst added. On May 1 Dobre had upgraded Caterpillar to neutral from underperform with a price target of $309, up from $300. Back then, he'd said the fundamental catalysts warranting a negative view on Caterpillar — namely, needed destocking at dealers and a reset of margins downward — were at that point baked into the company's fundamentals and expectations. Dobre said he saw some positive signs going forward, including CAT's better-than-expected dealer inventories, more resilient demand, and a "prudent approach" to pricing versus cost management in dealing with 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
Miami Herald
14-05-2025
- Business
- Miami Herald
Analyst reboots Caterpillar stock price target as new CEO discusses tariffs
This Cat must have more than nine lives. On April 15, 1925, when Calvin Coolidge was in the White House, Benjamin Holt and C.L. Best merged their two heavy-construction-equipment firms to create Caterpillar Tractor Co. Don't miss the move: Subscribe to TheStreet's free daily newsletter Over the next 100 years Caterpillar (CAT) would become the world's largest manufacturer of construction equipment. The company provided vital equipment to the U.S. armed forces during World War II. Caterpillar tractors were used extensively by the Seabees, the U.S. Navy's construction battalions, to build airfields, barracks, port facilities and other crucial infrastructure in the Pacific theater and other locations. The company grew rapidly during the postwar construction boom, as Caterpillar capitalized on the massive demand for highways, dams and other construction projects. Today, Caterpillar has found a place in the tech world as its generators are a hot commodity among developers of computer data centers. Demand for data centers is increasing rapidly, driven by the growth of cloud computing and AI. Caterpillar is a major manufacturer of diesel generator sets, a common choice for data-center backup power. The Irving, Texas, company missed Wall Street's first-quarter earnings expectations in April and new CEO Joe Creed told analysts that "the potential impact of tariffs has increased uncertainty and the situation remains fluid." "Throughout our history, we've demonstrated the ability to navigate many different environments." said Creed, who on May 1 succeeded Jim Umpleby as chief executive. "I'm confident we're well-positioned to manage the impact of tariffs over time. Caterpillar is a global company and we have manufacturing locations around the world." More Economic Analysis: Fed inflation gauge sets up stagflation risks as tariff policies biteU.S. recession risk leaps as GDP shrinksLike it or not, the bond market rules all China is an important market for Caterpillar, representing around 5% to 10% of its total business sales. During the April 30 quarterly earnings call Creed said "China has shown positive momentum in the 10-ton-and-above excavator industry but from a very low level of activity." Chief Financial Officer Andrew Bonfield said: "Given the uncertainty of what tariff rates could be and the timing of any additional mitigation actions that we may take once the situation becomes clearer, it is not possible to derive an accurate estimate of the net full year impact of tariffs." Umpleby had described "a very dynamic situation depending on what the administration in the end decides to do around tariffs." "And so there have been certain statements made by members of the administration on China, for example, that the current tariff levels are not sustainable," he said, adding that "we're cautiously optimistic here that there will be some trade deals struck and that the tariff impact will be lower than it is currently." Well, that optimism appears to have paid off. The U.S. and China agreed to a 90-day pause on most of their recent tariffs. The combined U.S. tariff rate on Chinese imports will be cut to 30% from 145%, while China's levies on U.S. imports will fall to 10% from 125%. Baird analyst Mircea Dobre upgraded Caterpillar to outperform from neutral on May 13 with a price target of $395, up from $309. That new target indicates 12.5% upside from CAT shares' current level. And it's the second time this month that Dobre upgraded his rating of the company and boosted the stock price. At the end of the first quarter, a combination of lower-than-normal seasonal dealer inventory buildup, a much better-than-expected backlog, and stabilized dealer retail sales all pointed to potential fundamental improvement into 2026 for Caterpillar, the analyst said. Related: Veteran portfolio manager buys several stocks after US-China trade deal Dobre said eased tariff impacts "[add] weight" to 2025 as a trough earnings year for the company and are likely to drive an expanded multiple for the shares. This should allow Caterpillar shares to catch up with the S&P 500 after it underperformed by 15% over the past year, the analyst added. On May 1 Dobre had upgraded Caterpillar to neutral from underperform with a price target of $309, up from $300. Back then, he'd said the fundamental catalysts warranting a negative view on Caterpillar - namely, needed destocking at dealers and a reset of margins downward - were at that point baked into the company's fundamentals and expectations. Dobre said he saw some positive signs going forward, including CAT's better-than-expected dealer inventories, more resilient demand, and a "prudent approach" to pricing versus cost management in dealing with tariffs. Related: Veteran fund manager unveils eye-popping S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
