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RNZ News
04-07-2025
- Politics
- RNZ News
Guam nuclear radiation survivors 'heartbroken' after being excluded from compensation bill
Pacific Association for Radiation Survivors (PARS) members at a gathering. Robert Celestial, second left (holding book), says people on Guam are "heartbroken" that radiation exposure compensation is not being extended to them. Photo: RNZ Pacific / Eleisha Foon People on Guam are "disappointed" and "heartbroken" that radiation exposure compensation is not being extended to them, the president of the Pacific Association for Radiation Survivors (PARS) says. Robert Celestial said he and others on Guam are disappointed for many reasons. "Congress seems to not understand that we are no different than any state," he told RNZ Pacific. "We are human beings, we are affected in the same way they are. We are suffering the same way, we are greatly disappointed, heartbroken," Celestial said. The extension to the United States Radiation Exposure Compensation Act (RECA) was part of Trump's "big, beautiful bill" passed by Congress on Friday (Thursday, Washington time). Downwind compensation eligibility would extend to the entire states of Utah, Idaho and New Mexico, but Guam - which was included in an earlier version of the bill - was excluded. All claimants are eligible for US$100,000. Guam Republican congressman James Moylan attempted to make an amendment to include Guam before the bill reached the House floor earlier in the week. "Guam has become a forgotten casualty of the nuclear era," Moylan told the House Rules Committee. "Federal agencies have confirmed that our island received measurable radiation exposure as a result of US nuclear testing in the Pacific and yet, despite this clear evidence, Guam remains excluded from RECA, a program that was designed specifically to address the harm caused by our nation's own policies. "Guam is not asking for special treatment we are asking to be treated with dignity equal to the same recognition afforded to other downwind communities across our nation." Moylan said his constituents are dying from cancers linked to radiation exposure. From 1946 to 1962, 67 nuclear bombs were detonated in the Marshall Islands, just under 2000 kilometres from Guam. New Mexico Democratic congresswoman Teresa Leger Fernández supported Moylan, who said it was "sad Guam and other communities were not included". The RECA extension also excluded Colorado and Montana; Idaho was also for a time but this was amended. Robert Celestial, army veteran and Pacific Association of Radiation Survivors president. Photo: RNZ Pacific / Eleisha Foon Celestial said he heard different rumours about why Guam was not included but nothing concrete. "A lot of excuses were saying that it's going to cost too much. You know, Guam is going to put a burden on finances." But Celestial said the cost estimate from the Congressional Budget Office for Guam to be included was US$560m where Idaho was $1.4b. "[Money] can't be the reason that Guam got kicked out because we're the lowest on the totem pole for the amount of money it's going to cost to get us through in the bill." The bill also extends to communities in certain zip codes in Missouri, Tennessee, Kentucky, and Alaska, who were exposed to nuclear waste. Celestial said it's taken those states 30 years to be recognised and expects Guam to be eventually paid. He said Moylan would likely now submit a standalone bill with the other states that were not included. If that fails, he said Guam could be included in nuclear compensation through the National Defense Authorization Act in December, which is for military financial support. The RECA extension includes uranium workers employed from 1 January 1942 to 31 December 1990.
Yahoo
21-06-2025
- Business
- Yahoo
Intel alum to get $1.9M bonus as newly-minted Ciena CFO
This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. Intel alum Marc Graff will receive a $1.9 million cash bonus upon taking the top financial seat for high-speed optical networking firm Ciena, with the move effective Aug. 1, the company said Thursday in a securities filing. Graff, who most recently served as CFO for semiconductor company Altera, is also set to receive a one-time replacement equity grant with a target delivered value of $10.4 million, both of which are intended 'to partially compensate Mr. Graff for the value of certain near-term cash and equity incentives and certain long- term equity incentive compensation that he forfeited upon resignation from his prior employer,' according to the filing. One quarter of the grant will vest a year following his becoming CFO, while the remainder will vest over a three-year period, the company said. Graff will succeed 18-year company veteran James Moylan in the position, the Hanover, Maryland-based company said in a press release. Moylan, who announced his intent to retire last September, will stay on until Aug. 28 to assist with a smooth transition, the company said. 'For the past 18 years and an incredible 70 earnings calls, Jim has been an incredible partner and member of our executive team with a lengthy list of significant contributions to the growth and the performance of our business,' CEO Gary Smith said of Moylan's tenure as CFO during the company's most recent earnings call on June 5. Prior to Altera, which he joined in January 2024 as its finance chief, Moylan's successor Graff logged a 26-year career at software giant Intel, serving in such roles as its corporate VP, CFO and chief operating officer, data platforms group, and VP, head of financial planning & analysis, according to his LinkedIn profile. As well as the $1.9 million cash bonus and one-time equity grant, Graff will also receive an annual base salary of $650,000 as Ciena's CFO, according to the filing with the Securities and Exchange Commission. He will also be eligible for an annual target bonus opportunity of 100% of his base salary. For fiscal 2026, Graff will also receive an equity award with a target delivered value of $3.9 million, the company said. The CFO swap comes as the optical networking firm is looking to take advantage of a rise in data center and cloud spending driven by the artificial intelligence boom. For its Q2 of fiscal 2025 ended May 3, Ciena saw a nearly 24% jump in net revenue year-over-year to reach $1.1 billion — with revenues from cloud providers a 'key driver,' CEO Smith said during the company's earnings call. Ciena also reported GAAP net income of $9 million for the quarter, compared to a net loss of $16.8 million for the prior year period, according to its earnings results published June 5. The company achieved record direct cloud provider revenue for its Q2, a segment which represented 38% of total revenue, Smith said, according to a transcript. The results are 'really highlighting the accelerating investments in AI infrastructure and our leadership in addressing this demand,' Smith said, noting that three out of the five top customers for the quarter were cloud providers, underscoring their sustained investments in AI infrastructure and network expansion.' Data center capital expenditures skyrocketed by 53% to reach $134 billion in the first three months of this year, CFO Dive sister publication CIO Dive reported, citing a survey by Dell'Oro research group. The growth was primarily driven by 'hyperscaler spending' on AI infrastructure with AWS, Google, Meta and Microsoft — the four companies with the largest cloud footprints — accounting for 44% of Q1 spending in the space, according to the report. However, as Ciena aimed to capitalize on the swell in spending, the optical networking provider also faced headwinds from the shifting tariff environment in its Q2, CFO Moylan said during the earnings call. Amid the 'dynamic' tariff environment, combined with a need for Ciena to adjust its billing and customer systems, the company 'absorbed a net impact to our bottom line in the mid-single-digit millions of dollars in the quarter,' Moylan said. The company did not immediately respond to requests for comment. Recommended Reading Wise CFO credits customer growth for 280% profit jump Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Yahoo
18-02-2025
- Business
- Yahoo
Hawaii Rep. Case pushing for exemption to Jones Act to save residents money
HONOLULU (KHON2) — A Hawaii congressman is pushing for a shipping exception to help with living costs in the islands by introducing legislation to get Hawaii excluded from the Jones Act, which mandates that all cargo shipping between United States ports occur exclusively on U.S., not foreign, flagged vessels. 'First of all isn't it about the cost of living? Isn't that what most of us are concerned about at the end of the day? It's the cost of living and the incredibly crushing cost of living here in Hawaii in particular,' Rep. Case said. 'Out of control,' diver says after others lost at sea for hours The bill is co-sponsored by U.S. Congressman James Moylan (R-Guam). Rep. Case says the century-old law is unfair to islands within the United States orbit. 'Basically says let Hawaii and our island areas go. Hey continent, if you want to keep the Jones Act up to you, you guys keep it, but you are punishing us because we happen to be island states.' He believes the law creates a monopoly on shipping and rates that get passed down to consumers.'Let's take a concrete example here. A dozen eggs in the store we all know there are incredible prices,' Rep. Case said. 'Let's say the average is somewhere between $9 and $10 right now. California $6. So that's $3, where does that $3 go to? 1/3 of the cost of a dozen eggs is in shipping. Those are shipping rates that are set by a monopoly that's created by federal law. There's no competition on those shipping rates from California to Hawaii, no competition at all. Matson, and Pasha, they set whatever rates they want. International shipping is out there, thousands and thousands of ships that would be willing to take that carton of eggs between California and Hawaii for a competitive price. Actually, less than half of that $3. Right there and then take that and extrapolate that to other things like the cost of building a house. Every single thing that's in a house comes from the continent. Could we get that for half the price of shipping? That differential adds an incredible burden to everyone in Hawaii.' This comes as egg prices soar, meanwhile, the Trump Administration's Department of Government Efficiency, led by the world's richest man Elon Musk, slashed federal workers overseeing the bird flu outbreak. 25 Percent of USDA personnel, including scientists in nearly five dozen US labs, have been let go. Thousands of other USDA employees were also informed today that they will also lose their jobs. The latest government data shows the current outbreak of avian flu is responsible for the death of at least 100 million birds since 2022. Egg prices are skyrocketing — why isn't the cost of chicken rising, too? 'Many of those actions are straight out illegal and they're illegal because they're trying to cut off federal funding that's already been passed into law, already signed by a President, a federal judge has said so,' Rep. Case said. 'They're ignoring the federal judge's orders right now so we're not having this money coming to Hawaii in key areas number 1. There are 50 plus lawsuits at this point against the actions of this President and Mr. Musk and the DOGE,' Over the weekend President Trump posted to social media 'He who saves his Country does not violate any Law,' bringing much concern about the boundaries that the US Constitution can hold. Rep. Case is concerened that a lack of checks from Congress will put stress on the judiciary as the lone branch to hold the administration to account. 'From the perspective of Congress, unfortunately, my Republican majority colleagues, and this is really tragic it's not just unfortunate because Congress is the check and balance on the President, congress must check and balance the President. This Republican majority has decided not to check and balance this President at all. So the only recourse at this point is in the court system itself. As we've seen Mr. Musk and the President and the Vice President have said that the federal courts are not doing a good job. I think they have to do their job right now because otherwise there's no guardrails.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
