Author: openjargon

  • They left NYC for Bali with their teenagers. 7 years later, their sons are fleeing the nest, and they’re selling the villa for $1.89 million.

    The main hallway.
    The main hallway features a curved staircase.

    • Gabi Bondor and Zoltan Kaman moved from New York City to Bali seven years ago with their teenage sons.
    • During the pandemic, they built a six-bedroom eclectic home for their family.
    • Now, they're becoming empty-nesters and selling the Canggu villa for $1.895 million.

    Seven years ago, Gabi Bondor and Zoltan Kaman packed up their lives and moved from New York City to Bali with their two teenage sons in tow.

    It was an idea sparked by a conversation with a friend over coffee on a cold winter morning.

    The friend had mentioned his plans to enroll his daughters in the Green School, which is made from eco-friendly bamboo buildings and is known for its sustainability-focused pre-kindergarten through high school curriculum. It's also located in Ubud, over 10,000 miles from New York, near the center of the Indonesian island.

    "And while we had traveled to places like India, Vietnam, and China, we'd never been to Indonesia before. So I said, 'Bali, that sounds very warm. Tell me more,'" Bondor told Business Insider.

    A man and a woman standing along the steps of a curved staircase.
    Gabi Bondor and Zoltan Kaman have been living in Bali for the past seven years.

    When they got home, they started researching what life in Bali was like.

    "I looked at the school, and it was the opposite of what was happening to my children in high school in New York. When the kids got home that day, I said, 'Guys, we're going to Bali for spring break,'" Bondor said.

    The spring break visit came and went, and the couple decided they wanted to experience what it was like to live on the island for longer.

    They ended up selling their kids the idea of a yearlong sabbatical in Bali as a break from stressful city life and a chance to see the rest of Asia.

    The exterior of the couple's house in Canggu, Bali.
    The exterior of the couple's house in Canggu, Bali.

    "We told them, 'One suitcase each. Everything else goes into storage because we'd be back in a year,'" Bondor added. "Although they were allowed to bring their Xbox in their carry-on."

    But after their year in Bali passed, the couple realized they didn't want to leave. They made a trip back to the US to clear out their storage and have no plans to move back.

    The friend who introduced them to Bali didn't make the move in the end, she added.

    A narrow walkway, flanked by two koi ponds, leads from the gate to the door of the main building.
    A narrow walkway, flanked by two koi ponds, leads from the gate to the main building's door.

    Building in Bali

    Like many expats, the couple rented a few different homes in Bali before finally building their own house during the pandemic.

    "When COVID-19 came, land prices were a lot more affordable than what it is today, so we decided that we were going to purchase a plot somewhere where we could create a space for our family," Bondor said.

    Part of the reason they chose to build instead of buying an off-plan property or continuing to rent was so that they could ensure the quality of the build, Kaman, the cofounder of a digital payment app, told BI.

    The main hallway.
    The main hallway features a curved staircase.

    "We always had some issue or another with the homes — the pump, the AC — and the landlords don't always care," Kaman said. "We thought, 'Why don't we build something ourselves so at least we can control and make sure that everything is working the way we need?'"

    Additionally, they had experience renovating their homes during their time in the US. It helped that they also had a great team of builders — recommended by a friend — to rely on too.

    "We love the process," Bondor said. "We enjoy it. I think we're a great team. If he is down or pissed, I pick him up, and vice versa."

    The dining area.
    The dining area.

    They knew they wanted to stay near Canggu which is known for its beaches and bustling food scene.

    "We lived in the neighborhood and we had always scouted around. Many people like the rice field views, while others like the beach views. We are social people — we like our coffee shops," Bondor said.

    The coffee machine area.
    A stone table.

    When the couple first saw the plot, located at the end of a narrow street that branches off from the main road, they fell in love immediately.

    "It was so quiet and peaceful. There was nothing, except for basically seven big mango trees and thick vegetation. It was like a mini jungle," Kaman said.

    The plot was about 8,200 square feet. Since foreigners aren't allowed to own land in Bali, the piece of land they have is on a 30-year lease.

    The pool.
    Part of the dining area cantilevers over a corner of the pool.

    The entire construction process took slightly over a year to complete, and the couple lived in a rented home nearby so they could always be on-site.

    The biggest challenge they faced was having to work through Bali's rainy season, which typically runs from November to March.

    "We started digging a pool when it was the rainy season, and we were just digging mud," Bondor said. "For weeks and weeks, you didn't see the digger come out of the soil — it felt like we weren't getting anywhere."

    An outdoor seating area.
    An outdoor seating area.

    A cozy, eclectic home

    The couple's six-bedroom home sits in a cul-de-sac, next to a rice field that's been repurposed into a plot to grow cucumbers.

    The two-story building — which comes with an accessory dwelling unit that the couple calls "the teenager pad" — has a red and gray exterior that stands out in contrast to the surrounding greenery.

    Those who step beyond the gate are greeted by a long walkway flanked by two koi ponds that lead to the main building.

    The kitchen
    The kitchen.

    "I like to say that it has a lot of European charm, like Paris with New York dancing a tango kind of thing. I really wanted to incorporate a lot of Balinese elements as well," Bondor said.

    The furniture is handmade in Indonesia, and even the terracotta tiles on the building's exterior were crafted by a local family, she added.

    Most importantly, it's a house that they designed with their own living habits in mind.

    The curved staircase.
    The curved staircase.

    The office.
    The office.

    "I think everything, from the kitchen layout to the lighting, is based on the way we live our everyday life," Bondor said.

    Becoming empty nesters

    But the couple has decided it's time to say goodbye to their house — they're putting the villa on the market for $1.895 million.

    Their oldest son is already studying abroad, and the youngest will start college soon. The couple plans to downsize to a smaller place.

    The master bedroom.
    The master bedroom.

    "He just graduated last weekend. It's really hit us hard that he's leaving very soon and we're going to have this big, empty house to ourselves," Kaman said.

    Moreover, as empty-nesters, they plan to travel a bit more now that they have the freedom to, and a house of this size can't be left empty in tropical weather for too long.

    "It's not four seasons, it's always a lot of rain. The sun is always strong. It wears materials out," Bondor said. "We have animals. If one little gecko dies here and nobody cleans for a day or two, the ants will come."

    The master bathroom.
    The master bathroom.

    "This house needs a lot of care and maintenance. So if you're not here for months, this is not going to work," Kaman added.

    However, Bali will always be their home base.

    The slower pace of life on the island lets them stop and appreciate the little things in their day, like being able to work out in the mornings or have a nice lunch together.

    That aside, Bali is a melting pot of different cultures, and its people never fail to inspire them.

    One of the bedrooms in the house.
    One of the bedrooms in the house.

    "There's a very unique expat community that comes to Bali and I think our friends have very similar mindsets that we do," Bondor said.

    The couple has one tip for those who want to build a house in Bali: Don't cut corners.

    "Do it the right way, and always respect your team," Bondor said. "Don't use cheap materials because this weather is going to wear everything out. If your roof is not done well, this rain is going to find its way in."

    The office.
    The office.

    Kaman added that it might not be wise for anyone without any prior experience to take on such an ambitious project.

    "If they don't have experience building houses, don't start with Bali," he said. "Just pick the right contractors."

    Have you recently built or renovated your dream home? If you've got a story to share, get in touch with me at agoh@businessinsider.com.

    Read the original article on Business Insider
  • 3 amazing ASX ETFs to buy when the market reopens

    ETF spelt out with a rising green arrow.

    There are a lot of exchange-traded funds (ETFs) to choose from on the Australian share market.

    Let’s take a look at three that could be quality options for investors when the market reopens after the public holiday. They are as follows:

    Betashares Energy Transition Metals ETF (ASX: XMET)

    If you are interested in gaining exposure to the decarbonisation megatrend, then the Betashares Energy Transition Metals ETF could be worth a look.

    This fund provides investors with easy access to global producers of copper, lithium, nickel, cobalt, graphite, manganese, silver, and rare earth elements.

    The team at Betashares is very positive on this ETF and named it on its list of 12 ASX ETFs ideas for 2024.

    The fund manager appears to believe the companies held by the ETF are well-positioned to benefit from increasing demand for these metals. It said:

    The Earth is blessed with all the minerals we need to power the transition to CO2-free energy. However, defining, extracting, and processing all those deposits is going to require significant new investment. […] Both electric cars and clean energy use notably more metals than their conventional counterparts, and many of these minerals have highly concentrated and insecure supply chains.

    BetaShares S&P/ASX Australian Technology ETF (ASX: ATEC)

    Another ASX ETF for investors to look at is the BetaShares S&P/ASX Australian Technology ETF.

    It provides investors with easy access to leading companies in a range of tech-related market segments such as information technology, consumer electronics, online retail and medical technology.

    This ETF was also recently highlighted as one to buy by the team at Betashares. The fund manager commented:

    With the nascent adoption of AI, cloud computing, big data, automation, and the internet of things, there’s a good chance that the next decade’s major winners will come from the tech sector. Despite Australia’s sharemarket skewing heavily towards financials and resources, investors can gain direct exposure to Aussie tech stocks via ATEC.

    iShares S&P 500 ETF (ASX: IVV)

    Another ASX ETF for beginner investors to consider buying this month is the iShares S&P 500 ETF.

    It gives you access to the 500 of the top listed companies on Wall Street. This means that you will be investing in a diverse group of shares, including countless household names, from a range of different sectors.

    Blackrock, the fund manager, notes that this means it can be used “to diversify internationally and seek long-term growth opportunities in your portfolio.”

    The post 3 amazing ASX ETFs to buy when the market reopens appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Betashares S&p Asx Australian Technology Etf right now?

    Before you buy Betashares S&p Asx Australian Technology Etf shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Betashares S&p Asx Australian Technology Etf wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 5 May 2024

    More reading

    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended iShares S&P 500 ETF. The Motley Fool Australia has recommended iShares S&P 500 ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Guess which popular ASX 200 mining stock could crash over 30%

    Woman in yellow hard hat and gloves puts both thumbs down

    One popular ASX 200 mining stock could be in danger of crashing deep into the red.

    That’s the view of analysts at Goldman Sachs, which are urging investors to sell this miner before it’s too late.

    But which mining giant is it? Is it BHP Group Ltd (ASX: BHP)? Thankfully for its shareholders, it isn’t the Big Australian.

    Goldman is actually tipping its shares as a buy with a $49.00 price target.

    Nor is it Rio Tinto Group Ltd (ASX: RIO), which the broker has a buy rating and $138.90 price target on.

    The ASX 200 mining stock that could crash over 30% according to Goldman Sachs is Mineral Resources Ltd (ASX: MIN).

    Why could the ASX 200 mining stock crash?

    While Goldman acknowledges that Mineral Resources has an enviable track record. It isn’t enough for the broker to be positive on the investment opportunity here. It said:

    We continue to highlight that MIN has an impressive 20-yr track record of generating high returns on capital with an average ROIC of >20% since listing. This has been achieved through MIN’s ability to build and operate crushing plants and mining projects faster and at lower capital intensity than most other companies. Despite this impressive track record, we continue to rate MIN a Sell.

    One of the key reasons that its analysts think its shares are a sell is its valuation. They highlight the premium its shares trade at compared to peers. Goldman explains:

    Fully valued vs. peers and downside to PT: trading at ~1.35xNAV (A$54.6/sh) based on our volume and operating assumptions and long-run price assumptions. MIN is pricing in long-run commodity prices ~20% higher than our estimates. MIN is also trading at ~17x NTM EBITDA (vs. Aus lithium peers on ~8.0x and large cap iron ore peers on ~5x) and ~7x FY26E.

    In addition, Goldman notes that the ASX 200 mining stock is exposed to weak lithium prices, which it believes are heading even lower. It adds:

    Lithium price expected to decline further from over 2024: our commodity team expect spodumene prices to average US$800/t and hydroxide at US$10,000/t (vs. spot c. US$1200/t and US$10,000/t) in 2H CY24 driven by our view of a market surplus over 2024-2025, and for the price to trade at or below marginal cost which we think will be set by Chinese integrated lepidolite producers.

    Major downside predicted

    Goldman has put a sell rating and $47.00 price target on its shares.

    Based on the current Mineral Resources share price of $68.63, this implies potential downside of approximately 32% for investors over the next 12 months.

    In addition, the broker expects disappointing dividends yields of just 0.3% in FY 2024 and FY 2025. This is a far cry from the juicy yields shareholders have received in recent times.

    The post Guess which popular ASX 200 mining stock could crash over 30% appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Bhp Group right now?

    Before you buy Bhp Group shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Bhp Group wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 5 May 2024

    More reading

    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • These are the 10 most shorted ASX shares

    A woman in an office is being pressured, she rubs her temples from the stress.

    At the start of each week, I like to look at ASIC’s short position report to find out which shares are being targeted by short sellers.

    This is because I believe it is well worth keeping a close eye on short interest levels as high levels can sometimes be a sign that something isn’t quite right with a company.

    With that in mind, here are the 10 most shorted shares on the ASX this week according to ASIC:

    • Pilbara Minerals Ltd (ASX: PLS) continues its long run as the most shorted ASX share with 21.4% of its shares held short. This is down slightly week on week again but is still significantly higher than second place. Concerns over a lithium surplus appear to be behind this.
    • IDP Education Ltd (ASX: IEL) has 12.8% of its shares held short, which is down materially week on week. Last week, this language testing and student placement company revealed that it is being negatively impacted by student visa changes in a number of key markets.
    • Syrah Resources Ltd (ASX: SYR) has short interest of 10.7%, which is down week on week again. This graphite miner’s shares have been targeted due to weak battery materials prices, production suspensions, and further cash burn.
    • Liontown Resources Ltd (ASX: LTR) has 10% of its share held short, which is up slightly week on week. There are concerns that lithium prices will stay at low levels for years. This doesn’t make it a good environment to commence production at Kathleen Valley in the middle of the year.
    • Flight Centre Travel Group Ltd (ASX: FLT) has seen its short interest fall week on week to 9.6%. There are concerns over the travel agent giant’s revenue margins and consumer travel spending.
    • Westgold Resources Ltd (ASX: WGX) has short interest of 9.6%, which is now up for a fifth week in a row. This appears to have been driven by doubts over the gold miner’s proposed merger with Canada-based Karoa Resources.
    • Chalice Mining Ltd (ASX: CHN) has short interest of 9.5%, which is up week on week again. This mineral exploration company’s Gonneville Project is a globally significant critical minerals project, but it is still a long way off production and even a final investment decision.
    • Sayona Mining Ltd (ASX: SYA) has short interest of 9.4%, which is flat from last week. It is yet another lithium miner that is being targeted due to weak lithium prices.
    • Australian Clinical Labs Ltd (ASX: ACL) has short interest of 8.5%, which is down meaningfully since last week. This health imaging company is guiding to another sharp decline in its earnings in FY 2024.
    • Healius Ltd (ASX: HLS) has short interest of 8.4%, which is up week on week. It is another health imaging company that is battling tough trading conditions at present.

    The post These are the 10 most shorted ASX shares appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Australian Clinical Labs Limited right now?

    Before you buy Australian Clinical Labs Limited shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Australian Clinical Labs Limited wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 5 May 2024

    More reading

    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Idp Education. The Motley Fool Australia has recommended Flight Centre Travel Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Far-right, nationalist parties gain strong support in European Parliament election

    Supporters of Romania's nationalist-sovereignist party AUR (Alliance for the Union of Romanians) wave flags of Romania and AUR on a building covered with a banner showing medieval historical figures at the party's headquarters after the exit polls of the European Parliament Elections, in Bucharest, Romania, on June 9, 2024.
    Supporters of Romania's nationalist-sovereignist party wave flags on a building covered with a banner showing medieval historical figures at the party's headquarters after the exit polls of the European Parliament Elections in Bucharest, Romania.

    • Voters across the European Union are voting in a new European Parliament in elections this week.
    • Early results reveal a surge in support for far-right parties.
    • Nationalist and populist figures now have an advantage in France, Italy, Austria, and Belgium.

    Early results for the European Union's parliamentary elections reveal a surge in support for far-right and nationalist parties, according to multiple reports.

    The EU elections, held in 27 countries from June 6-9, showed especially strong support for anti-immigrant, nationalist figures in France and Germany — two of the continent's largest powers often regarded as drivers behind the experiment of pooled sovereignty, The New York Times reported.

    French President Emmanuel Macron on Sunday announced he would dissolve France's National Assembly (the lower house of the French Parliament) after the country's far-right party, the National Rally, led by French lawyer Marine Le Pen, handily defeated Macron's Renew Party, per The Wall Street Journal.

    The dissolution of the assembly is a high-stakes gamble that will result in new elections being held between June 30 and July 7. It could result in Macron's Renew Party losing additional seats to rivals in the anti-immigrant National Rally.

    "This is a serious, weighty decision, but above all it's an act of trust," The Journal reported Macron said of his decision. "Confidence in you, confidence in the ability of the French people to make the right choice for themselves and for future generations."

    The Associated Press reported that Alternative for Germany (AfD) — considered a "suspected" extremist group by German authorities — also surged in support. AfD overtook Germany's Social Democratic party, which has been the leading party in the country since Olaf Scholz was elected chancellor in 2021.

    According to AP, AfD received 16.5% of the vote, up from 11% in 2019, compared to a combined 30% for the three parties in Germany's governing coalition.

    Polls also show populist politicians have an advantage in Italy, Belgium, and Austria, the outlet reported.

    AP noted that since the 2019 European Parliament elections, far-right politicians have led in Hungary, Italy, and Slovakia and are part of ruling coalitions in Sweden, Finland, and the Netherlands. The parties have gained support in large part due to anti-immigration and anti-LGBTQ+ sentiment, as well as policies focused on nationalism and identity, The Times reported.

    If early results are confirmed, this year's elections would strengthen the right's power across the European Union and offer a stunning rebuke to Europe's political establishment. Should more far-right parties gain power, it would become harder for the parliament to pass laws across the EU and likely impact negotiations between Ukraine and Russia, as much of the EU's far-right has a pro-Russia stance, pushing for a peace deal between the countries on Russia's terms, per The Times.

    Firmer figures from this year's elections are expected late Sunday night.

    Representatives for the European Parliament did not immediately respond to a request for comment from Business Insider.

    Read the original article on Business Insider
  • 2 ASX AI shares that could be set to soar in 2024 and beyond

    A white and black robot in the form of a human being stands in front of a green graphic holding a laptop and discussing robotics and automation ASX shares

    The share market has been getting very excited about the artificial intelligence (AI) megatrend this year.

    And rightly so. It’s no exaggeration to say that AI is going to change the world.

    We’ve only really had a small taste of this in the last few years but expect things to accelerate as AI continues to improve and more money is invested in the space.

    The good news for investors is that there are ways to gain exposure to AI with ASX shares.

    And I don’t mean with supposed AI shares like Brainchip Holdings Ltd (ASX: BRN), which has promised the world and delivered nothing in a market dominated by a US$3 trillion behemoth.

    I mean with genuine industry leaders that are leveraging AI to cement their position and drive long-term growth. Let’s take a look at two:

    Pro Medicus Limited (ASX: PME)

    The first ASX AI share to look at is health imaging technology company Pro Medicus,

    Goldman Sachs recently spoke about how the company’s AI revenues could grow from a small percentage of its overall sales into something significant in the future. It said:

    AI opens an incremental US$620mn TAM today (growing at a +34.7% CAGR) with radiology receiving the majority (c.80%) of recent FDA AI algorithm clearance. We believe PME is well positioned to take share as the incumbent viewing platform across many large, and likely early adopters of new technology.

    PME is generating revenue from its Visage breast density AI algorithm (developed via a partnership with Yale) today, and we see the potential value for AI to be significant with adoption driven by improved accuracy and clinical outcomes. We forecast AI to comprise 9% of PME’s revenue by FY30E (from <1% in FY25E), with upside if PME achieves faster AI attach penetration, higher price per scan, and a greater proportion of algorithms developed in-house where no royalties are paid to a partner.

    Goldman has a buy rating and $136.00 price target on its shares.

    NextDC Ltd (ASX: NXT)

    Another ASX AI share to look at is data centre operator NextDC. While it isn’t necessarily offering AI services, it is servicing the huge data centre demand for capacity that AI needs to function.

    In April, Goldman Sachs commented on this. It said:

    NextDC believes AI is driving global data centre growth from 15% to 19% with Australia and broader APAC remaining well-positioned for growth and the fastest growing region. AI is increasing average power density racks (kW/Rack) growing 2.5x to c80-100kW. NXT are seeing demand pipeline for singular deals in the vicinity of 50-100MW and see market growth accelerating. AI demand is also stemming from a 40%/60% mix from inference/training, with upside for inference to reach 70%.

    The broker currently has a buy rating and $18.59 price target on its shares. Though, it is worth noting that other brokers are even more bullish. For example, Morgan Stanley has an overweight rating and $20.00 price target.

    The post 2 ASX AI shares that could be set to soar in 2024 and beyond appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Brainchip Holdings Limited right now?

    Before you buy Brainchip Holdings Limited shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Brainchip Holdings Limited wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 5 May 2024

    More reading

    Motley Fool contributor James Mickleboro has positions in Nextdc and Pro Medicus. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group and Pro Medicus. The Motley Fool Australia has recommended Pro Medicus. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Arizona Republicans are bypassing the state’s Democratic governor to get hot-button measures on the ballot just in time for November

    Arizona
    Opponents gathered inside the Arizona State Capitol after the legislature gave final approval to a controversial immigration ballot measure on June 4, 2024.

    • Arizona Republicans are turning to ballot measures to get some of their top priorities on the books.
    • Controversial immigration and voter signature measures are set to appear before voters in November.
    • The ballot measures could turbocharge turnout in a state already knee-deep in ideological battles.

    The GOP-controlled Arizona legislature voted to approve a ballot measure last week that would empower state law enforcement officials to arrest and incarcerate individuals they suspect have entered the US illegally, while also permitting state judges to deport them.

    Given the high-stakes nature of immigration policy in the United States, the measure is almost certain to encounter legal challenges should voters approve it in November.

    It's one of several conservative-led measures set to appear on the November ballot as Democratic Gov. Katie Hobbs — who opposed the move — lacks the veto power to block it.

    That lack of veto power is essentially a loophole used to circumvent the governor, allowing GOP lawmakers to use their slim legislative majorities to get conservative proposals on the ballot.

    These ballot measures are likely to have a major impact on the upcoming presidential election in a state where both major-party candidates are itching for a win.

    Donald Trump defeated former Secretary of State Hillary Clinton in Arizona in 2016, but President Joe Biden won it in 2020, buoyed by support from independents, Latino voters, and young voters.

    The proliferation of ballot measures in Arizona — which could also include a measure establishing the "fundamental right" to an abortion up until the point of fetal viability — has the potential to turbocharge turnout in the state in November.

    And it raises the stakes not only for the presidential candidates, but also for down-ballot lawmakers as Arizona is once again set to be a laboratory for the nation's ongoing ideological battles.

    GOP lawmakers also placed on the ballot an amendment that would make it more difficult for citizen-led signature drives to succeed in getting measures on the ballot.

    If approved by voters, the measure would put geographic restrictions on ballot petitions, which Republicans say is necessary to give rural voters a larger voice in a state dominated by populous Maricopa and Pima counties.

    Arizona law says petitioners must collect signatures equal to 10% of the votes cast in the most recent gubernatorial election in order to get a state statute on the ballot. For constitutional amendments, petitioners must collect signatures equal to 15% of the votes cast. There are no geographic guidelines on where the signatures must be collected.

    But if passed by voters, the Republican-crafted ballot measure would create a signature distribution requirement to get a measure on the ballot, forcing petitioners to meet the aforementioned thresholds in each of Arizona's 30 legislative districts.

    Read the original article on Business Insider
  • New York school installs ‘vape detectors’ in middle school bathrooms to sniff out THC and nicotine

    Schools are taking measures to crack down on vaping.
    Schools are taking measures to crack down on vaping.

    • Students, it seems, will always try to smoke in the bathroom.
    • One Long Island school installed vape detectors in its middle school bathrooms to stop them.
    • The devices detect THC and nicotine in the air and even alert administrators.

    Schools are cracking down on students using weed vapes and e-cigarettes during the school day.

    In New York, e-cigarettes have been banned from public and private schools since 2017, but that hasn't stopped crafty students who have apparently continued the age-old tradition of smoking in the bathroom.

    Now, one Long Island school went as far as installing vape detectors in its bathrooms to sniff out nicotine and THC, CBS News reported.

    At Lindenhurst Middle School, each student bathroom has two vape detectors, a development that was suggested by a student who was concerned about her friends becoming addicted to vaping, according to CBS. A spokesperson from the school did not immediately respond to a request for comment from Business Insider.

    The devices, called FlySense, were developed by Soter Technologies "to detect vape and changes in air quality," according to the company's website.

    When smoke is detected, the school principal gets an automatic email, and students caught vaping are connected to professional help, CBS reported.

    It comes amid additional crackdowns on school behavior. Last week, New York Gov. Kathy Hochul announced a bill that would ban smartphones in public schools. Though Hochul doesn't plan to formally file the bill until the next legislative session begins in 2025, the reception among New York students has been tepid at best.

    "If there was, like, an emergency at school you wouldn't be able to contact your parents right away," Alaiya Martinez, a New York high school student, told WWNY.

    Vape companies like Juul went from being incredibly popular among young people to being slammed by lawsuits accusing the company of marketing its addictive product to children. Juul ultimately paid a $462 million settlement. Vaping remains popular among young people, however, and other nicotine products — like Zyn pouches — have proven trendy as well.

    Read the original article on Business Insider
  • Fresno officials should have noticed a phishing scam that cost taxpayers more than $600,000, jury says

    Fresno, California.
    An aerial view of Fresno, California.

    • Fresno lost over $600,000 to a phishing scam in 2020.
    • Officials failed to spot red flags on a contractor invoice, a jury found.
    • Mayor Jerry Dyer said the city has since improved training and updated fraud prevention procedures.

    The city of Fresno lost more than $600,000 to to a phishing scam in 2020. Now, a grand jury says that city officials should have noticed the scam before it cost taxpayer dollars.

    City officials discovered the fraud after realizing an invoice from a contractor working on a section of the Fresno police station was fake, according to The Fresno Bee.

    The contract included the real contractor's letterhead but an incorrect account number, according to the Bee. City officials did not publicly comment on the scam until reporting by the paper uncovered it in 2022.

    A civil grand jury found on Thursday that the city failed to notice "conspicuous red flags" that should have tipped them off to the fraud, the Bee reported.

    The jury found that the city's finance department followed policies that were "understood" through training but never written, according to the Bee. Employees were also supposed to get approval from another employee for large payments, but failed to do so when making the payments that resulted in the scam, the jury said.

    "Phishing" attacks are carried out by criminals who usually send an email or some other message pretending to be a company or individual asking for credit card information, passwords, or other sensitive information. The goal of the scam is to trick users into sharing personal information so the scammer can gain access to their computer, company, or finances.

    One study from Harvard Business School predicted that phishing scams could "increase drastically in quality and quantity over the coming years" with AI now able to automate the "entire phishing process."

    Earlier this month, scammers targeted a tiny Idaho town, stealing more than $1 million from the town government through a similar scam. Criminals there tricked an employee into thinking that the city's payment information for a contractor needed to be updated.

    Fresno Mayor Jerry Dyer — who was not in office when the scam occurred — did not immediately return a request for comment from Business Insider on Sunday.

    He told The Bee in a statement that the city has already met many of the jury's recommendations following the case, including implementing new training.

    "I am appreciative of the Civil Grand Jury's time and attention on such a relevant issue in our city and our nation," the statement said. "I am also pleased with the grand jury's confidence that internally updated procedures appear appropriate for preventing this type of fraud from happening again."

    Read the original article on Business Insider
  • 2 of the best ASX dividend shares to buy in June

    Smiling elderly couple looking at their superannuation account, symbolising retirement.

    If you are on the hunt for some ASX dividend shares to buy this month, it could be worth checking out the two below that Bell Potter has named as top picks for income investors in June.

    Here’s what the broker is saying about them:

    Rural Funds Group (ASX: RFF)

    Bell Potter thinks that this agricultural property company could be an ASX dividend share to buy this month.

    It highlights that its shares are trading at an abnormally large discount to their net asset value. It feels this is excessive and has created a compelling buying opportunity for income investors. The broker said:

    RFF trades at a historical high discount to its market NAV per unit ($2.78 pu) at ~28%. While we are in general seeing large discounts to NAV in ASX listed farming and water assets to market NAV, the discount that RFF is trading appears excessive and we are seeing a valuable opportunity in RFF. While the timing of that value discount closing is difficult to call, investors are likely to be rewarded with a ~6% yield to hold the position until such a time as the asset class rerates. Furthermore, RFF aims to achieve income growth through productivity improvements, conversion of assets to higher and better use along with rental indexation which is built into all of its contracts with its tenants.

    Bell Potter has a buy rating and $2.40 price target on Rural Funds’ shares.

    As for income, it is forecasting dividends per share of 11.7 cents in FY 2024 and FY 2025. Based on its current share price of $2.02, this will mean yields of 5.8% for investors.

    SRG Global Ltd (ASX: SRG)

    Bell Potter also thinks that SRG Global would be one of the best ASX dividend shares to buy this month.

    It is a diversified industrial services group that provides multidisciplinary construction, maintenance, production drilling and geotechnical services The broker believes that SRG will be a beneficiary of accelerating growth in iron ore and gold production volumes over the next five years. It commented:

    SRG’s short-to-medium term outlook is reinforced by Government-stimulated construction activity in the Infrastructure and Non-Residential sectors and increased development and sustaining capital expenditures in the Resources industry. The resulting expansion in infrastructure bases across these sectors will likely support increased demand for asset care and maintenance in the medium to long-term. We anticipate Mining Services will be a beneficiary of accelerating growth in iron ore and gold production volumes over the next five years.

    Bell Potter has a buy rating and $1.30 price target on its shares.

    In respect to dividends, the broker is forecasting fully franked dividends of 4.7 cents in FY 2024 and then 6.7 cents in FY 2025. Based on its current share price of 89 cents, this will mean dividend yields of 5.3% and 7.5%, respectively.

    The post 2 of the best ASX dividend shares to buy in June appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Rural Funds Group right now?

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    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Rural Funds Group. The Motley Fool Australia has recommended Srg Global. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.