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T hat one in eight young people in the UK are not in education, employment or training is a dismal statistic. Nearly a decade after the school-leaving age was raised to 18 in England (in Scotland, Wales and Northern Ireland it remains 16), and 25 years after Tony Blair aimed to have 50% of young people in higher education, Britain under the Tories went backwards. The problem of a shrinking workforce, and the rising benefits bill it entails, is not limited to young adults. The UK’s lack of a post-pandemic bounceback in employment is a concern in other age groups, particularly the over-50s. But the government is right to be alarmed by the phenomenon of young people emerging from 14 years of schooling unable to work or undertake training. Unemployment and long-term illness are not a great start to anyone’s adult life. So it makes sense that this week’s announcements about benefits will be directed at young claimants . The challenge for Liz Kendall, the work and pensions secretary, is to convince them that finding work – or signing up for a course – serves their interests as well as the government’s. Years of harsh rhetoric around the benefits system and its working-age recipients have made this task far harder. Rather than a basic entitlement and a necessity – particularly for families with children, disabled people and those living in unaffordable housing – social security has been wrongly depicted, by politicians and others opposed to the welfare state, as a reward for doing nothing. If the new government intends to reduce the number of people on sickness or disability benefits from 2.8 million back to closer to the 2 million figure of five years ago, it needs to do this without coercion. As this column has argued often, one of the lessons of the past 14 years is that demoralising people is more likely to make them ill than productive. The lifting of the minimum wage announced in last month’s budget was a positive move. So was the pledge that the 16% increase in the lower hourly rate for workers aged 18-20 (from £8.60 to £10) will eventually lead to equalisation with older workers’ pay. Problems around working conditions , job insecurity and the lack of progression opportunities remain. But at least ministers recognise that if people are to be encouraged to work, then work must pay them enough to live on. The transformation of jobcentres into what Ms Kendall calls a “a genuine public employment service” is also welcome. A stronger emphasis on proactive advice should help more people find suitable roles. Linking jobcentres with other services is also constructive and in line with a health reform agenda that emphasises prevention, early intervention and co-working with councils and the voluntary sector. The limited nature of many of the jobs on offer is one problem Ms Kendall can’t solve. The government’s argument is that by investing in the health service, particularly in areas with the longest waiting lists , while also boosting the labour market, they can nudge the nation back towards a better overall state of health. The hope is that this, in turn, will foster the kind of economic development that creates more fulfilling opportunities and, eventually, lives. The proof, as always, will be in the pudding. But policies to incentivise employment were inevitable given the shifts of the past few years. As long as social and health support systems are in place, this approach is a reasonable one.PAY ATTENTION: Follow our WhatsApp channel to never miss out on the news that matters to you! Tech billionaire Elon Musk spent at least $270 million to help Donald Trump win the US presidency, according to new federal filings, making him the country's biggest political donor. SpaceX and Tesla CEO Musk, the world's richest person, was an ardent supporter of Trump's White House campaign -- funneling money into door knocking operations and speaking at his rallies. His financial backing, which has earned him a cost-cutting advisory role in Trump's incoming government, surpassed spending by any single political donor since at least 2010, according to data from nonprofit OpenSecrets. The Washington Post reported that Musk spent more this election cycle than Trump backer Tim Mellon, who gave nearly $200 million and was previously the Republican's top donor. Musk donated $238 million to America PAC, a political action committee that he founded to support Trump, filings late Thursday with the Federal Election Commission showed. An additional $20 million went to the RBG PAC, a group that used advertising to soften Trump's hardline reputation on the key voter issue of abortion. Read also TikTok loses appeal of US law ordering sale from Chinese owner PAY ATTENTION : Standing out in social media world? Easy! "Mastering Storytelling for Social Media" workshop by Legit.ng. Join Us Live! Musk has been an ever-present sidekick for Trump since his election victory in November, inviting him to watch a rocket launch in Texas by his SpaceX company. Trump has selected the South African-born tycoon and fellow ally Vivek Ramaswamy to head the so-called Department of Government Efficiency, through which the pair have promised to deliver billions of dollars of cuts in federal spending. However, with Musk's businesses all having varying degrees of interactions with US and foreign governments, his new position also raises concerns about conflict of interest. The president-elect has nominated several people close to Musk for roles in his administration, including investor David Sacks as the so-called AI and crypto czar. Meanwhile, billionaire astronaut Jared Isaacman, who has collaborated with Musk's SpaceX, was named the head of US space agency NASA. PAY ATTENTION: Сheck out news that is picked exactly for YOU ➡️ find the “Recommended for you” block on the home page and enjoy! Source: AFP

Amid shifting political tides, NYC Mayor Adams leaves door open to becoming a RepublicanHAUPPAUGE, N.Y., Nov. 26, 2024 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGW) (the “Company”), a designer, developer, and manufacturer of state-of-the-art signal processing components for satellite, Public and Private 5G, and other communications networks, including the design of complete 5G/6G systems and a global distributor of packages and lids for integrated circuits assembly, today announced it has closed on its previously announced registered direct offering for the sale of 1,603,259 shares of common stock (or pre-funded warrants in lieu thereof) (“the Securities”) at an offering price of $0.92 per share. The gross proceeds to the Company from the registered direct offering were approximately $1,475,000 before deducting the placement agent’s fees and other offering expenses. Maxim Group LLC acted as the sole placement agent in connection with the offering. The Securities were offered pursuant to a shelf registration statement on Form S-3 (File No. 333-278657), which was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on April 24, 2024. The offering was made only by means of a prospectus supplement that forms a part of such registration statement. This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of these Securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. A prospectus supplement relating to the Securities offered in the registered direct offering was filed by the Company with the SEC. Copies of the prospectus supplement relating to the registered direct offering, together with the accompanying prospectus, can be obtained at the SEC's website at www.sec.gov or from Maxim Group LLC, 300 Park Avenue, New York, NY 10022, Attention: Syndicate Department, or via email at syndicate@maximgrp.com or telephone at (212) 895-3500. About AmpliTech Group AmpliTech Group, Inc., comprising five divisions—AmpliTech Inc., Specialty Microwave, Spectrum Semiconductors Materials, AmpliTech Group Microwave Design Center, and AmpliTech Group True G Speed Services is a leading designer, developer, manufacturer, and distributor of cutting-edge radio frequency (RF) microwave components and 5G network solutions. Serving global markets, including satellite communications, telecommunications (5G & IoT), space exploration, defense, and quantum computing, AmpliTech Group is committed to advancing technology and innovation. Forward-Looking Statements All statements in this release that are not based on historical fact are “forward-looking statements” including within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The information in this announcement may contain forward-looking statements and information related to, among other things, statements regarding the Company, its business plan and strategy, and its industry. Such forward statements include, but are not limited to, that the booking of orders and anticipation of booking of orders, including LNB and 5G products and Fujitsu Spain, will lead to sales of products, These statements reflect management’s current views with respect to future events based on information currently available and are subject to risks and uncertainties that could cause the Company’s actual results to differ materially from those contained in the forward-looking statements, including risks related to market conditions, and other risks described in the Company’s filings with the SEC. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The Company does not undertake any obligation to revise or update these forward-looking statements to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events. Contacts: Corporate Social Media Twitter: @AmpliTechAMPG Instagram: @AmpliTechAMPG Facebook: AmpliTechInc Linked In: AmpliTech Group Inc Investor Social Media Twitter: @AMPG_IR StockTwits: @AMPG_IR Company Contact: Jorge Flores Tel: 631-521-7831 Investors@amplitechgroup.com