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Palantir Officially files IPO paperwork and plans to go public in a direct listing

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The CEO of Palantir took a big shot on Tuesday in Silicon Valley as the tech and data analyzers delivered his papers to the press, aligning themselves with their government clients and deriding a supposed elitist community in the bay area.

CEO Alex Karp painted a picture of Big Tech as fair weather allies in the government and economically isolated from reality in a letter contained in Palantir’s S1 filing. He sneered at what he described as a commercial data mining industry out of reach, although he portrays Palantir — blamed himself for allowing government spying — as a leading star.
‘The innovation that makes our world real for a tiny community of developers in an remote corner of the country has been largely outsourced by our culture,’ Karp said. “Silicon Valley ‘s Tech class may know more than anyone about tech design, but they don’t know much about the structure of society or the criteria for justice.”

A software start-up called “The Lord of the Rings” for artifacts has been a significant government contractor. Yet it’s not easy to grasp what it means.

Around a month before he became president, Donald J. Trump visited the representatives of Trump Tower’s state-of-the-art technology firms.

The conference featured Amazon, Apple, Google and Microsoft chief executives plus other household names such as Tesla or Oracle. Then then, there was Alex Karp, CEO of Palantir Technologies, whom few people have known about outside Silicon Valley then policy circles.

Palantir, the only private corporation in the house, was an influential competitor among government contractors. Yet one of the founders, the venture-capitalist Peter Thiel, backed Mr Trump yet helped set up the conference in the 2016 election.

Today, as Palantir is getting ready to go public with what may be the first exchange offering by a technology firm since Uber last year, many people wonder: What exactly is this successful, but little recognized business doing?

Palantir delivers software — and, most significantly, technical departments that customize the software — helps companies to make use of large quantities of data. This helps gather and interpret information from different sources such as Internet traffic and cell phone data. This blends these various parts into one that makes sense for the consumers, like a graphic interface.

Yet it will take a lot of developers and lots of time to make the technologies of Palantir work when its consumers need to. So this combination of technology and human labor will create doubt on Wall Street as to whether the business will be priced. Is Palantir a tech business that is historically a very profitable enterprise or a less successful consultancy. Why are they both?

“It’s a little like Rubik’s Cube for clients,” said Daniel Ives, CEO of Wedbush Securities market analysis.

Founded in 2003, Palantir has long portrayed the technologies as the perfect way to detect criminals, always with the suggestion that it helped find Osama Bin Laden. The term Palantir is a node of circular structures used to display certain areas of the imaginary middle ground in “The Lord of the Rings.”

The technology of Palantir will also help to control coronavirus dissemination, as is actually the case for the Center for Disease Control. And they can help to find refugees who are illegal, including the US. Under White House directives, immigration and customs enforcement uses these techniques, according to federal records newly released.

The organization is actively active in its political service. Given the fact that some Palantir workers opposed their relationship with ICE and other government agencies, it did not ease away.

Mr Karp has pointed out, in a letter to prospective clients, in his filing with the Securities and Exchange Commission on Tuesday, that he is proud of Palantir ‘s relationship with the federal authorities.

“We formed our company in Silicon Valley. Yet we appear to share little and fewer of the principles and priorities of the technology industry, “he said, adding that” development ventures with our national security and defense agencies whose duties are to keep us safe have become contentious, while advertising dollar-based companies are popular.

Palantir has been seeking to grow its private sector role in recent years , representing big corporations including JPMorgan Chase, Airbus and Ferrari and offering innovative business solutions that businesses can use by themselves. According to the S.E.C. filing, a little over half of Palantir ‘s revenue is currently from corporate businesses.

According to PitchBook, a website that monitors the success of private companies, the 2,500-employee firm owns about 3 percent of the $25 billion “Information Analytics” segment. “That’s a tiny but significant amount,” said an analyst from PitchBook, Brendan Burke.

Palantir has earned over 3 billion dollars and is estimated at 20 billion dollars by private equity investors but hasn’t made profit since it was founded in 2003. In 2019, the sales of Palantir increased to $742.5 million, an rise of almost 25 percent from the previous year. Yet, according to financial statements made public Tuesday, it lost more than 579 million dollars, around the same as it lost in 2018.

The organization also announced its relocation to Denver, which will slash costs.

While the company has won an remarkable amount of government contracts, including at least $741 million in deferred funding and potentially up to $2.9 billion in documents over the past four years, it has also stirred debate among rivals and federal employees.

Mahesh is leading digital marketing initiatives at RecentlyHeard, a NewsFeed platform that covers news from all sectors. He develops, manages, and executes digital strategies to increase online visibility, better reach target audiences, and create engaging experience across channels. With 7+ years of experience, He is skilled in search engine optimization, content marketing, social media marketing, and advertising, and analytics.

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Brattleboro denounces racism aimed at new Black police chief

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Brattleboro denounces racism aimed at new Black police chief

BRATTLEBORO, Vt (AP) — Officials denounced racism after a person on Facebook posted racist memes and comments aimed at Vermont’s first Black woman police chief. The Brattleboro Police Department said the racist comments were sent by a single person on Facebook who the department declined to identify, the Brattleboro Reformer reported.

Police Chief Norma Hardy, who was hired in July, spent 26 years with the police department of the Port Authority of New York and New Jersey. She was also the first Black woman to serve as chief of that department, the newspaper said.

Select Board Chairwoman Liz McLoughlin said that this incident showed how Brattleboro still has work to do to combat racism.

Daniel Quipp, another board member, stated his support for Hardy. “Chief Hardy has dedicated her life to public service and is an exceptionally qualified and experienced person to lead our police department,” he said. “I am really glad that’s she here.”

“She has really broad shoulders and will manage this and we will stand with her.”

Daniel Quipp

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Pittsfield man injured in shooting during armed home invasion

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Pittsfield man injured in shooting during armed home invasion

PITTSFIELD, Mass. (WWLP) – Pittsfield police are looking into an armed home invasion where one person was shot on Mohawk Street in Pittsfield Wednesday night.

On Wednesday around 9:10 p.m., officers received a report of a ShotSpotter activation on Mohawk Street in Pittsfield. Several community members also called the department for reports of shots fired in the same area.

Officers were sent to the area and found a 47-year-old Pittsfield man suffering from gunshot wounds. The victim was taken to Berkshire Medical Center for serious injuries but is expected to be okay. The victim was later taken to Albany Medical Center for more treatment.

An early investigation by Pittsfield police found the shooting resulted from an armed home invasion. One of the people inside the home was shot. Witnesses told police there were allegedly three masked people that forced their way into the home where shots fired were reported.

A vehicle believe to be involved in the incident was towed and is now in custody of police. A K-9 unit investigating believes the suspects may have left the area on foot. Pittsfield police say the incident is not believed to be random.

Pittsfield Police were assisted by state Police, Lanesborough Police and Dalton Police. The incident will be investigated by the Pittsfield Police Department.

If you have any information on the shooting or armed home invasion, you are asked to contact the Pittsfield Police Detective Bureau at 413-448-9705, via text message by texting “PITTIP” and your message to 847411.

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COVID-19 cases by age group in Massachusetts for the last two weeks

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COVID-19 cases by age group in Massachusetts for the last two weeks

(WWLP) — COVID-19 cases are categorized by age group over the last 14 days. More than 20% of cases were in people in their 20s, 13% were in kids younger than 10 from 23,000 total cases reported.

Total COVID-19 cases by age

  • 0-4 years: 1,224
  • 5-9 years: 1,753
  • 10-14 years: 1,632
  • 15-19 years: 1,932
  • 20-29 years: 4,999
  • 30-39 years: 3,616
  • 40-49 years: 2,560
  • 50-59 years: 2,347
  • 60-69 years: 1,665
  • 70-79 years: 963
  • 80+ years: 521

The FDA will be making important decisions soon on a COVID-19 vaccine for children and booster shots.

Based on the data they have, Pfizer is confident that their two-dose vaccine is safe for children, in the 5 to 11 age group. Pfizer said at the end of September, they will submit their clinical trial data to the FDA, for emergency use authorization.

Dr. Anthony Fauci says there’s a good chance the shot for children will be available before Halloween, based on what needs to happen with the FDA. The FDA panel also has recommended Pfizer’s booster only for older people and others at high risk of severe disease.

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Ithaca man arrested for reportedly stealing credit cards, going on shopping spree in Saratoga County

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Ithaca man arrested for reportedly stealing credit cards, going on shopping spree in Saratoga County

WILTON, N.Y. (NEWS10) — New York State Police in Wilton arrested Robert J. Porter, 38, of Ithaca on September 21. Police say Porter allegedly stole credit cards from vehicles and went on a $7,000 shopping spree.

Police responded to a Gansevoort residence on September 16 after they reported someone had gone through their vehicles. Police say the person had taken multiple credit cards and over $300 in cash.

The suspect proceeded to make over $7,000 in unauthorized purchases with the stolen credit cards. Police conducted interviews and obtained surveillance video from where the illegal purchases were made and were able to get a description of the suspect.

Police located the suspect sitting on a picnic table at the Stewart’s Shops on Route 9 in Moreau while on patrol and identified him as Porter. Police say he was in possession of a glass smoking pipe containing cocaine residue at the time of his arrest.

Porter has been charged with:

  • Grand larceny in the third degree (D felony)
  • Identity theft in the first degree (D felony)
  • Three counts of grand larceny in the fourth degree (E felony)
  • Criminal impersonation in the second degree (A misdemeanor)
  • Criminal possession of a controlled substance in the seventh degree (A misdemeanor).

Porter was arraigned in Wilton Town Court and remanded to Saratoga County Jail on $5,000 cash or $10,000. He is due back in court on September 28.

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Massachusetts has over 30,000 breakthrough COVID cases

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Massachusetts has over 30,000 breakthrough COVID cases

ALBANY, N.Y. (NEWS10) — Come Monday, it’s either vaccination or termination for those who work in state run hospitals and nursing homes. Security officers are among those who work at state hospitals who are being forced to make that decision. The lawsuit claims that the vaccine mandate goes against their constitutional rights.

In a newly filled lawsuit against Governor Kathy Hochul, Heath Commissioner Howard Zucker, and the New York State Health Department, 10 individual state hospital security officers are fighting for the option to have regular COVID tests instead of being mandated to get the vaccine. They say it’s unfair that teachers would have the option for regular testing, but they won’t.

“Students who are 12 years or younger can’t be vaccinated,” said Dennis Vacco. “Inherently, the population in schools is less vaccinated than the population in hospitals or in health care facilities. To say nothing of the fact that health care facilities are constructed to prevent the spread of illness within the facility.”

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Booster doses of COVID vaccine could be rolling-out soon

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Booster doses of COVID vaccine could be rolling-out soon

ALBANY, N.Y. (NEWS10) — Come Monday, it’s either vaccination or termination for those who work in state run hospitals and nursing homes. Security officers are among those who work at state hospitals who are being forced to make that decision. The lawsuit claims that the vaccine mandate goes against their constitutional rights.

In a newly filled lawsuit against Governor Kathy Hochul, Heath Commissioner Howard Zucker, and the New York State Health Department, 10 individual state hospital security officers are fighting for the option to have regular COVID tests instead of being mandated to get the vaccine. They say it’s unfair that teachers would have the option for regular testing, but they won’t.

“Students who are 12 years or younger can’t be vaccinated,” said Dennis Vacco. “Inherently, the population in schools is less vaccinated than the population in hospitals or in health care facilities. To say nothing of the fact that health care facilities are constructed to prevent the spread of illness within the facility.”

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Former Chatham clerk-treasurer pleads guilty to defrauding village

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Former Chatham clerk-treasurer pleads guilty to defrauding village

CHATHAM, N.Y. (NEWS10) — Former Chatham clerk-treasurer, Barbara Henry, 59, of Chatham has pleaded guilty to attempted official misconduct. New York State Comptroller Thomas DiNapoli says Henry unlawfully waived her own health insurance premiums at the town’s expense.

“Ms. Henry took advantage of her public position to have the taxpayers fully fund her insurance costs,” said DiNapoli. “This kind of corruption drives up costs and erodes the public trust.”

An investigation found that from April 2017 to August 2018, Henry allegedly used her position to unlawfully waive her own health insurance premiums, causing the village to pay Henry’s portion of health insurance. Henry was responsible for paying 50% of her health insurance while the village was responsible for the other 50%. She was employed by the village from late 2012 until she resigned in August of 2018. 

DiNapoli says Henry paid $3,586 in restitution for defrauding the village health insurance premiums and stealing from her other employer Cadmus Lifesharing Association, a nonprofit organization based out of Massachusetts. 

Henry was also ordered to pay a $250 fine in addition to the restitution.

This is the second criminal conviction of a village official. Former Police Chief Peter Volkmann was sentenced on July 19, 2021 to pay nearly $93,000 in restitution after his felony guilty plea to grand larceny in the fourth degree.

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‘Death by Dealer’ bill would stiffen penalties for dealers in fatal overdoses

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‘Death by Dealer’ bill would stiffen penalties for dealers in fatal overdoses

ALBANY, N.Y. (NEWS10) — Come Monday, it’s either vaccination or termination for those who work in state run hospitals and nursing homes. Security officers are among those who work at state hospitals who are being forced to make that decision. The lawsuit claims that the vaccine mandate goes against their constitutional rights.

In a newly filled lawsuit against Governor Kathy Hochul, Heath Commissioner Howard Zucker, and the New York State Health Department, 10 individual state hospital security officers are fighting for the option to have regular COVID tests instead of being mandated to get the vaccine. They say it’s unfair that teachers would have the option for regular testing, but they won’t.

“Students who are 12 years or younger can’t be vaccinated,” said Dennis Vacco. “Inherently, the population in schools is less vaccinated than the population in hospitals or in health care facilities. To say nothing of the fact that health care facilities are constructed to prevent the spread of illness within the facility.”

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NYC teacher COVID vaccine mandate moves forward after judge’s ruling

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NYC teacher COVID vaccine mandate moves forward after judge's ruling

ALBANY, N.Y. (NEWS10) — Come Monday, it’s either vaccination or termination for those who work in state run hospitals and nursing homes. Security officers are among those who work at state hospitals who are being forced to make that decision. The lawsuit claims that the vaccine mandate goes against their constitutional rights.

In a newly filled lawsuit against Governor Kathy Hochul, Heath Commissioner Howard Zucker, and the New York State Health Department, 10 individual state hospital security officers are fighting for the option to have regular COVID tests instead of being mandated to get the vaccine. They say it’s unfair that teachers would have the option for regular testing, but they won’t.

“Students who are 12 years or younger can’t be vaccinated,” said Dennis Vacco. “Inherently, the population in schools is less vaccinated than the population in hospitals or in health care facilities. To say nothing of the fact that health care facilities are constructed to prevent the spread of illness within the facility.”

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New York hospitals, nursing homes dread ‘massive exodus’ after vaccine deadline

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New York hospitals, nursing homes dread ‘massive exodus’ after vaccine deadline

ROCHESTER, N.Y. (WROC) — Nursing homes and hospitals statewide are facing a lot of stress as the state vaccine mandate for healthcare workers goes into effect in just five days.

On September 27, most health care workers will have to have at least one shot of the COVID vaccine or they could lose their job. The mandate could affect a lot of hospitals and long-term care facilities that still have unvaccinated staff members.

“I’m really fearful that we could see 20% of the workforce leave hospitals or long-term care,” said Ann Marie Cook, the President and CEO of Lifespan, which provides services for again adults and their caregivers. “We could see a massive exodus of workers in the short term.”

Check out the state data about vaccination rates at local adult care and skilled nursing facilities:

% of unvaccinated staff at skilled nursing facilities % of staff unvaccinated staff at adult care facilities
Albany 11% 7%
Columbia 25% 10%
Dutchess 18% 24%
Fulton 20% 9%
Greene 15% 11%
Herkimer 19% 14%
Montgomery 17% 17%
Rensselaer 25% 14%
Saratoga 10% 14%
Schenectady 13% 7%
Schoharie 53%
Ulster 20% 19%
Warren 25% 17%
Washington 15% 16%

“I feel like we’re in a pending crisis and we have to think about this and figure out a way how we’re going to care for people,” Cook said. “I have been hearing rumors that a lot of those facilities have stopped taking admissions now to prepare for the fact that maybe 40% of their workforce—hopefully less—will leave the facility.” 

Cook said with places not taking new patients, she worries about those who need care down the road. “Many older adults once they go into hospital need a rehab stay before they can go home. If some of the long-term care facilities aren’t accepting new admissions, how will older adults go home safely without rehabilitation?” she said. “Long-term care just doesn’t have the staff to care for them. It’s one of those terrible problems where it’s nobody’s fault. But the solutions are not easy to figure out.”

Nursing homes won’t be the only entities impacted by staffing shortages. Hospitals are expected to as well. Some hospital workers say they’ve been having conversations with coworkers who may be hesitant to get the vaccine. “This is obviously a very sensitive topic,” said Chris Burleigh, a Nurse Manager in the Medical Intensive Care Unit at Strong Memorial Hospital. “It’s very controversial, and we are not afraid of those conversations. We are willing to have those conversations and engage with those conversations, but we all need to be kind to each other.”

The potential for understaffing is difficult to accept for health care workers who have been working tirelessly for the last year-and-a-half during the pandemic. “We have been working continuously for 18 months,” said Dr. Paritosh Prasad, Director of Surgical Intensive Care and the Highly Infection Disease Unit, Strong Memorial Hospital. “We are working under incredible stress, strain, and we are used to stress and strain, that is part of our job description, but this is something well outside the norm.”

Dr. Prasad and Burleigh are calling on everyone to do their part to help slow the spread and help elevate some of the stress put on frontline healthcare workers. “We are in a battle for our lives and all of you have the ability to help win this battle,” Prasad said. “We have the power to change how this pandemic rolls out. This is not something that is going to resolve itself without each and every one of our involvement, this is a fight every one of us is in and every one of us has a critical role to play.”

Dr. Prasad also addressed groups that have been standing outside Strong Hospital the past few weeks to protest vaccine mandates. “I am not going to say that leaving the hospital and seeing people protesting and yelling things at you isn’t a punch in the gut,” Dr. Prasad said. “We leave it all on the table for the patients we are taking care of.”

Still, with a lot of uncertainty about what the next few weeks will bring, healthcare workers say they will work together and serve patients who need care. “At the end of the day, we are still going to stand shoulder to shoulder with them,” Burleigh said. “We are still going to take care of our patients, regardless or not if we agree.”

On Tuesday, a federal judge has ordered an extension on the temporary restraining order blocking New York from forcing certain medical workers to be vaccinated, but this specifically applies to those with a religious exemption. The order was extended until October 12.

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