‘The Light Switch' Episode 3: Temple, tables and a wrongful arrest
Episode 3 of the Louisiana Illuminator podcast, 'The Light Switch' is now available on and .
This week, Illuminator reporter Wes Muller serves up details on restaurant reservation trading, a burgeoning digital industry that's made a splash in big dining destinations such as New Orleans. Think of it as eBay, but for tables at high-demand spots. Winning bids have reached four figures just for seats – food not included.
But restaurants aren't really embracing these apps, and Wes tells us why lawmakers are getting behind a proposal to place some restrictions on them.
Wes also caught up with Insurance Commissioner Tim Temple to get the skinny on why he and Gov. Jeff Landry have seemingly been at odds over their respective proposals to bring down auto insurance rates. They actually have some common ground, but it's clear a political fence needs to be mended.
Finally, we hear from one of our fellow reporters from the States Newsroom network: Jackie Llanos of the Florida Phoenix. She broke a story that went viral a week ago when police in her state arrested a U.S.-born Georgia man under a Florida law that forbids immigrants without legal status from entering the state.
Juan Carlos Lopez-Gomez was held in jail even after providing with his Real ID and a birth certificate that he's an American. The judge said she was obligated to keep him in custody for Immigration and Customs Enforcement.
Jackie followed Juan Carlos' case alongside his family, as they feared the worst.
Please listen, follow and rate 'The Light Switch.'
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Miami Herald
29 minutes ago
- Miami Herald
Some communities won't fly new state flag: ‘It's not a greater Minnesota flag'
MINNEAPOLIS - Old Glory is the only flag flying outside Detroit Lakes City Hall. You won't see the Minnesota state flag - the retired one or the new one that a number of communities refuse to hoist on flagpoles. Minnesota's new state flag was divisive from the start, especially in deep red, rural areas. The flag redesign process sparked intense Republican-led opposition as the DFL-controlled Legislature formed a commission in 2023 to replace the old flag. Some counties passed resolutions rejecting the new design before it was adopted last year. Now some cities are voting against flying it. "I think part of it is people think the new flag is ugly," said Detroit Lakes Mayor Matt Brenk. "Some people think the old flag was racist. I mean, there's all sorts of reasons that people are picking a side on this deal." Detroit Lakes is the latest city to oppose flying the new state flag in north-central Minnesota, where you're more likely to see the old banner on front porches, farms and lakefront properties. "We were on the lake this weekend and noticed a lot of the old flags and a few new ones," said Pequot Lakes Mayor Tyler Gardner. "They typically wouldn't have had a state flag before. It used to just be the American flag." Pequot Lakes is still flying the retired state flag and doesn't plan on raising the new one, Gardner said. "It drives us nuts that there's a divisive argument over a flag, that, let's be honest, it's a state flag. Does anybody really look at them that much?" Crosslake is also supporting the old state flag. In May, the council unanimously voted not to fly the new one. The cities are in Becker and Crow Wing counties, which also don't fly the new state flag. Only state buildings are required to fly the state flag. It's optional at city- and county-owned buildings: Some fly the old flag, many raised the new one, and some never flew the state flag. Julie Ring, executive director of the Association of Minnesota Counties, said in an email that she was unaware that any counties had taken action against the new state flag. The League of Minnesota Cities said it doesn't track flag activity, nor is it a topic on which it provides guidance or opinions. The Minnesota Secretary of State's Office shares flag etiquette, but it wouldn't weigh in on the cities and counties refusing to fly the new flag. Crow Wing County was the first to pass a resolution against the flag design, followed by Nobles, Houston and McLeod. The cost associated with replacing flags was cited as a concern. Even if a county opts out of supporting the official state flag, it is required in every courtroom. The 87 county courthouses are funded and overseen by the state as part of the judicial district court system. Kyle Christopherson, state court spokesman, said judicial districts worked with each county separately to determine payments for flag and seal replacements in courtrooms. Some counties fronted the bill while most were paid for by the state. The Ninth Judicial District, made up of 17 counties in northwest Minnesota, for example, paid for flag and seal replacements in all counties except Aitkin and Crow Wing. County Administrator Deborah Erickson said Crow Wing spent $10,000 to replace the state seals and nine flags in the courthouse. She sees the new state flag flying outside the Brainerd fire station on her drive to work. The county decided not to hoist the new flag at its veterans memorial, where the retired flag previously flew. Many jurisdictions didn't switch over to the new flag for practical, not political, reasons. In Dodge County, officials decided to use up their remaining stock of old flags. "It's just until the current supplies run out, then we would make the conversion," said County Administrator Jim Elmquist. The average outdoor flag lasts up to 90 days, depending on weather. A few old flags are still flying, but Elmquist said they will be replaced by fall. Faribault passed a resolution in February 2024 against the new state flag design, but the city hasn't opposed flying it since, said city spokesman Brad Phenow. "Now we've been following suit, and if we know when a flag needs to be replaced, we replace it with a new one," he said. The former state flag displayed the old state seal, which showed a white settler plowing a field while looking at a Native American man riding toward him on horseback. The imagery dates back to when Minnesota was still a territory and is viewed as a celebration of the idea that settlers were destined to take over the land. Tribes criticized that image as racist and it has long been the subject of controversy. High school students first brought these concerns to state lawmakers in 2017, but a redesign push didn't take hold until recently. A 13-member commission was given four months in late 2023 and a budget of $35,000 to redesign the flag and seal. They sifted through thousands of flag submissions from the public and narrowed it down to a finalist while making a few tweaks. The winner was a deep blue abstract shape of Minnesota with a white eight-pointed star - a nod to the state's motto, "Star of the North" - next to a block of light blue to represent Minnesota's abundance of water. The old flag was adopted in 1957, while the state seal represented Minnesota for most of the state's 166-year history. Both were replaced in 2024 on May 11 - Statehood Day. Crosslake Mayor Jackson Purfeerst cited the Native American imagery as a reason the city voted to continue flying it. "We are flying the original Minnesota state flag because of how rich Crosslake's history is with Native Americans and the tribes," Purfeerst said in a video on Facebook that garnered more than 500 comments of praise. "We have multiple Indian burial grounds all over town. We had one of the biggest battles of Native Americans on Rush Lake. ... We are honoring our history, we are honoring our culture, and we are honoring who came before us." In Babbitt, on the eastern edge of the Iron Range, the City Council first approved a measure opposing the new flag in 2024. It voted in February against flying the new flag, a decision that Councilor Jim Lassi says has garnered much community support. "Historically, we've probably had one of the most beautiful flags out of all 50 states," Lassi said. "You could tell right away that it represents Minnesota," with lakes and showy lady's slippers woven into the design. Lassi said the new flag is "ugly" and caters to "wokeness." Detroit Lakes went back and forth on the new flag. In March, the council voted in support of flying it, but then came backlash from residents and some council members. They voted again in May to not fly it, then in June decided not to fly either state flag after a tie-breaking vote from the mayor. Brian Ahlsten, who lives in Detroit Lakes and previously lived in the Twin Cities, said at the June council meeting that the new state flag doesn't represent rural Minnesota. "Some have tried to turn this into a left vs. right issue," he said. "This is more of a Twin Cities vs. greater Minnesota issue. … This flag serves to drive a wedge between us. It's a Twin Cities flag. It's not a greater Minnesota flag." Wendy Spry, who serves on the council and is an enrolled member of White Earth Nation, said the flag was changed for a reason. "This council turned its back on unity and welcomeness," she said. --- (Jana Hollingsworth, Trey Mewes and Jp Lawrence of the Minnesota Star Tribune contributed to this story.) --- Copyright (C) 2025, Tribune Content Agency, LLC. Portions copyrighted by the respective providers.
Yahoo
an hour ago
- Yahoo
XP Inc. (NASDAQ:XP) is a favorite amongst institutional investors who own 63%
Significantly high institutional ownership implies XP's stock price is sensitive to their trading actions A total of 14 investors have a majority stake in the company with 50% ownership Analyst forecasts along with ownership data serve to give a strong idea about prospects for a business Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. A look at the shareholders of XP Inc. (NASDAQ:XP) can tell us which group is most powerful. And the group that holds the biggest piece of the pie are institutions with 63% ownership. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn). Given the vast amount of money and research capacities at their disposal, institutional ownership tends to carry a lot of weight, especially with individual investors. As a result, a sizeable amount of institutional money invested in a firm is generally viewed as a positive attribute. Let's take a closer look to see what the different types of shareholders can tell us about XP. Check out our latest analysis for XP Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices. We can see that XP does have institutional investors; and they hold a good portion of the company's stock. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see XP's historic earnings and revenue below, but keep in mind there's always more to the story. Since institutional investors own more than half the issued stock, the board will likely have to pay attention to their preferences. XP is not owned by hedge funds. Dodge & Cox is currently the largest shareholder, with 8.0% of shares outstanding. For context, the second largest shareholder holds about 7.7% of the shares outstanding, followed by an ownership of 7.5% by the third-largest shareholder. Looking at the shareholder registry, we can see that 50% of the ownership is controlled by the top 14 shareholders, meaning that no single shareholder has a majority interest in the ownership. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances. We note our data does not show any board members holding shares, personally. Given we are not picking up on insider ownership, we may have missing data. Therefore, it would be interesting to assess the CEO compensation and tenure, here. With a 26% ownership, the general public, mostly comprising of individual investors, have some degree of sway over XP. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies. With a stake of 11%, private equity firms could influence the XP board. Some investors might be encouraged by this, since private equity are sometimes able to encourage strategies that help the market see the value in the company. Alternatively, those holders might be exiting the investment after taking it public. While it is well worth considering the different groups that own a company, there are other factors that are even more important. I always like to check for a history of revenue growth. You can too, by accessing this free chart of historic revenue and earnings in this detailed graph. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) 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. 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


Newsweek
an hour ago
- Newsweek
Fighter Jets Intercept Planes Breaching Trump No Fly Zone
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Five aircraft breached restricted airspace over New Jersey on Saturday, the U.S. military said, as President Donald Trump spent the weekend in Bedminster. Why It Matters The U.S. military polices the airspace around the president, including over Trump's Mar-a-Lago resort or his Bedminster golf course, when the Republican is in residence. The North American Aerospace Defense Command (NORAD), made up of American and Canadian forces, has frequently intercepted aircraft that violate temporary restrictions in the airspace around the president. What To Know The First Air Force at Florida's Tyndall Air Force Base said in a statement on Saturday that a NORAD fighter jet had intercepted a "general aviation aircraft" over Bedminster at approximately 2:39 p.m. EDT. This is a broad term referring to non-commercial civilian aircraft. President Donald Trump boards Air Force One at Joint Base Andrews, Maryland, en route to Bedminster, New Jersey, on July 4, 2025. President Donald Trump boards Air Force One at Joint Base Andrews, Maryland, en route to Bedminster, New Jersey, on July 4, 2025. AP Photo/Jacquelyn Martin A temporary flight restriction, or TFR, was in place, the military said. The Federal Aviation Administration (FAA) puts out Temporary Flight Restrictions (TFRs) to air crews, which are enforced by NORAD. TFRs are typically put in place during presidential visits. The fighter jet carried out what is known as a "headbutt maneuver" to get the attention of the civilian pilot before escorting the aircraft out of the area, the military said. This is a fairly typical maneuver for NORAD jets enforcing temporary restrictions in the airspace around where the president is. The NORAD aircraft was an F-16, a spokesperson told Reuters. The U.S. military had already reported three TFR violations earlier in the day, and a further incident later on Saturday brought the total to "five unauthorized incursions," according to the statement. The FAA, as of early Sunday, had restrictions in place from July 4 until July 6. Pilots in the air are responsible for making sure they check Notices to Airmen, or NOTAMs. Shortly after NORAD F-16 aircraft intercepted a civilian aircraft over Palm Beach, Florida, in early March, the command's chief, General Gregory Guillot, condemned what he termed the "excessive number of recent TFR violations." NORAD said at the time that in the less than two months since Trump's inauguration, NORAD had "responded to over 20 tracks of interest entering the Palm Beach, Florida TFR area." What People Are Saying The First Air Force said in a post to social media on Saturday: "These TFRs are in place for a reason. No excuses! Stay sharp, stay legal, and stay out of restricted airspace." What Happens Next NORAD will continue to enforce FAA flight restrictions.