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Airbnb stage

Airbnb sets stage for blockbuster listing with confidential IPO filing – New York Post

August 19, 2020 | 8:06pm

Short-term home rental company Airbnb on Wednesday confidentially filed for an initial public offering with the Securities and Exchange Commission, setting the stage for one of the marquee stock market debuts of the year.

The number of shares to be offered and the price range for the IPO have not yet been determined, the company said.

“The initial public offering is expected to take place after the SEC completes its review process, subject to market and other conditions,” Airbnb added.

Reuters reported in October Airbnb was close to hiring Morgan Stanley and Goldman Sachs as joint lead advisers on its IPO, after the company announced plans to go public in 2020.

The company’s plans to go public come at a time when its core home-rental business has been hit hard by the COVID-19 pandemic, which has forced millions of people to postpone their travel plans.

The collapse of its core home-rental business prompted Airbnb to suspend marketing activities for the year and cut about 25 percent of its workforce.

However, in a sign of an early recovery, the San Francisco-based startup said in July guests had booked more than 1 million nights in a single day for the first time since March 3.

Airbnb’s decision to go public also comes at a time when US capital markets are in the middle of a stunning recovery, with 2020 already being one of the best years for public market debuts in decades.

In April, the company raised $2 billion in two rounds of debt from investors.

One of the funding rounds included warrants that can be exercised at an $18 billion valuation, well below the $26 billion Airbnb cited as an internal valuation in early March.

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Sankey stage

Greg Sankey: SEC may not stage championship events in Mississippi if state flag not changed – USA TODAY

, Mississippi Clarion Ledger
Published 8:20 p.m. ET June 18, 2020 | Updated 8:55 p.m. ET June 18, 2020

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USA TODAY Sports spoke with Seton Hall’s Director of Sports Management Charles Grantham about Roger Goodell’s video apology to the players.

USA TODAY

As the movement to change the state flag of Mississippi has intensified, Southeastern Conference Commissioner Greg Sankey took a stand against the flag Thursday evening. 

Sankey said in a statement that until the Confederate emblem is removed from Mississippi’s state flag, the conference will consider precluding SEC championship events from being conducted in the Magnolia State. 

“It is past time for change to be made to the flag of the State of Mississippi,” Sankey said in the statement. “Our students deserve an opportunity to learn and compete in environments that are inclusive and welcoming to all.” 

Within half an hour, Mississippi State athletic director John Cohen and university president Mark Keenum publicly supported Sankey’s stance. Cohen said he is disappointed that his student-athletes and coaches could be affected by something beyond their control, but he knows Sankey is coming from a place of equality and hope for the future. 

Statement from @SEC Commissioner @GregSankey on State of Mississippi flag pic.twitter.com/BR5Ei1l17X

— Southeastern Conference (@SEC) June 18, 2020

“Mississippi State University is proud to be among the most diverse universities in the SEC,” Cohen said in his statement. “Alongside our university leadership, we aim to continue our support for changing the state flag, which should unite us, not divide us.” 

Ole Miss chancellor Glenn Boyce and vice chancellor for intercollegiate athletics Keith Carter released a statement shortly after Sankey, too. They said Mississippi’s state flag does not represent the core values of the University of Mississippi and noted that the flag has not flown on campus since 2015. 

“Mississippi needs a flag that represents the qualities about our state that unite us, not those that still divide us,” the Ole Miss administrators said in their statement. “We support the SEC’s position for changing the Mississippi state flag to an image that is more welcoming and inclusive for all people.”  

A message from Chancellor Glenn Boyce and Vice Chancellor for Intercollegiate Athletics Keith Carter. pic.twitter.com/gqJxxj6ca6

— Ole Miss Athletics (@OleMissSports) June 19, 2020

Keenum’s statement was much longer. He alluded to the “unintended consequences” that the current national climate might have produced for student-athletes at Mississippi State and Ole Miss. 

“In addition, there may be similar unintended consequences for academic pursuits at all our state’s public universities and negative economic impacts on the state’s communities as well,” Keenum said in a statement. 

Keenum noted that Mississippi State’s Student Association, Robert Holland Faculty Senate and university administration have been in favor of changing Mississippi’s state flag since 2015. 

Keenum wrote a letter to Governor Tate Reeves, Lieutenant Governor Delbert Hosemann and speaker of the Mississippi House of Representatives Philip Gunn reaffirming the school’s support for the flag to be changed. 

“The letter said, in part, that our flag should be unifying, not a symbol that divides us,” Keenum said. “I emphasized that it is time for a renewed, respectful debate on this issue.” 

The symbol of the Confederacy, which still resides on the upper left corner of Mississippi’s state flag, has been under fire in recent weeks as protesters have been demanding racial equality across the country.

The Marine Corps banned the display of the Confederate emblem two weeks ago. The Navy announced a few days later its plan to draw up a similar order. The leaders of both branches of the armed forces cited the divisiveness the emblem has caused. Last week, NASCAR announced a ban on the use of Confederate flags at all of its races and properties. 

The Mississippi Institutions of Higher Learning (IHL) voted to relocate a Confederate statue on the campus at Ole Miss on the same day Sankey issued his statement.

Starkville hosted the 2016 SEC softball tournament and Oxford hosted the conference’s softball tourney in 2011. With Sankey’s statement, it appears those two venues may not host again until a new state flag of Mississippi flies over them. 

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First stage

First stage of cleanup completed after huge fuel spill in northern Russia, state media says – CNN

Moscow (CNN)Emergency services in Russia have completed the first stage of a major cleanup operation after 20,000 tons of fuel spilled into a river in the Siberian city of Norilsk.

The fuel entered the water from a nearby power station, causing damage that one environmental group described as “catastrophic.”
Yevgeny Zinichev, the local head of the Russian Emergencies Ministry, told President Vladimir Putin on Friday that the first stage of the cleanup operation was complete, according to Russian state news agency TASS.
“The event, the emergency situation was localized on June 1,”Zinichev said, according to the agency.
Putin has declared a state of emergency in Norilsk over the spill.
In a statement released Friday, Russia’s prosecutor general linked the disaster in the Arctic city to permafrost thawing.
“According to available data, a preliminary reason for the depressurization of the tank with diesel fuel was the subsidence of the soil and the concrete platform under it,” the statement read.
“In order to prevent the recurrence of a similar situation at especially dangerous facilities located in territories subject to permafrost thawing, the Prosecutor General of the Russian Federation Igor Krasnov, the regional prosecutors and environmental prosecutors have been instructed to conduct a comprehensive audit of such locations.”
The prosecutors said they would continue to investigate how the Norilsk spill occurred.
The power station’s employees originally tried to contain the fuel on their own and did not report the incident to emergency services for two days, head of the Ministry of Emergency Situations Evgeny Zinichev said Wednesday during a meeting with Putin which was broadcast on national television.
Norilsk has been historically among one of the world’s most polluted cities. According to a 2018 NASA study based on satellite data, Norilsk tops the list for worst sulphur dioxide pollution, spewing 1.9 million tons of the gas over the Arctic tundra.

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