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Under Armour’s Kevin Plank, Ravens owner Steve Bisciotti invest in ‘equitech’ initiative

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Under Armour’s Kevin Plank, Ravens Owner Steve Bisciotti Invest In ‘Equitech’ Initiative

Under Armour founder Kevin Plank and Baltimore Ravens owner Steve Bisciotti have invested in a fund aimed at supporting companies that use technology to break down barriers in areas such as health care, food and education.

Conscious Venture Partners on Tuesday announced that Conscious Venture Fund II has raised $15.8 million toward a $50 million goal. The fund, which expects to become the largest minority-managed fund in Baltimore, supports companies that use innovations to create a more equitable society in the health care, food, technology, media, mobility and education industries.

Sagamore Ventures, Plank’s investment arm, leads the local investments with a $2.5 million commitment. Other investors include Point Field Partners, Bisciotti’s investment arm; Brown Advisory; Capital Funding Group; Robb Merritt of Merritt Properties; Mary Miller, a Baltimore investor and former T. Rowe Price executive; and Guy Filippelli of Squadra Ventures. A recent $5 million commitment came from the UFCW – Northern California Employers Joint Pension Plan, a California-based pension fund.

“Despite the amazing talent and technology we have in the U.S. and specifically here in Baltimore, new innovations for things like the delivery of preventative care, better mental health outcomes, access to technology and healthy food and predictive analytics for under-served communities are clearly needed if we are to continue the standard of living — and give all our citizens access to such — that we so dearly appreciate and enjoy in America,” Jeff Cherry, founder and managing partner of Conscious Venture Partners, said in a statement.

Conscious Venture Partners says it seeks out entrepreneurs that other investors have ignored. Supporting entrepreneurs in communities of color that have been disproportionately impacted by lack of access to capital will lead to better services in those communities, Cherry said.

Plank’s Sagamore investment is part of a $10 million set of commitments made by Sagamore and Port Covington’s development team to help improve the landscape for the city’s minority- and women-owned small businesses.

Plank said in the announcement the Conscious Ventures fund has a proven track record of finding and supporting “diverse and innovative Baltimore entrepreneurs, which is critical to the future of the city.”

Most of the funded companies are graduates of the Conscious Venture Lab accelerator program, such as Fearless Sports, a social impact clothing company; Outlook Enterprises, an East Baltimore digital production studio founded by ex-Baltimore Raven Trevor Pryce; and HeyZRO, a metaverse e-commerce platform. Applications for the current cohort are being accepted now.

The fund is expected to grow as additional capital is committed, with a final close expected in the third quarter.

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Francisco Lindor being on the field every day sets the tone for Mets, Showalter says

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Francisco Lindor Being On The Field Every Day Sets The Tone For Mets, Showalter Says

With his name in the starting lineup once again on Wednesday, Mets’ shortstop Francisco Lindor has started 111 of the team’s 112 games. The only game he did not appear in was June 2 at Dodger Stadium. Manager Buck Showalter joked that when he did get Lindor off the field for a defensive replacement in the ninth inning of Wednesday’s blowout win, “that was a fight.”

Showalter was also asked about the value of having a superstar who can be counted on day in and day out.

”It’s a skill,” Showalter said. “It sets a tone for a lot of guys. Without naming names, guys look around.”

Showalter said he had five names in his head coming into this series that he was “going to try to get off the field in some form or fashion.” None of those have been Lindor, who, on Tuesday, became the first Met shortstop ever to have two 20-homer seasons. He followed that on Wednesday by tying Jose Reyes’ record for RBI by a Mets shortstop in a single season.

“It’s a blessing,” Lindor said of the record. “Anytime you can do something cool, it’s a blessing. Being next to Reyes, somebody I grew up watching, that’s great. But I’m here to try and win the World Series.”

”I remember talking to Terry Francona before the season, and that’s one of the things we talked about, how much he likes to play,” Showalter recalled. “Let’s be frank, when you make a commitment to a player long-term, that’s one of the hardest things to read. That was one thing about Manny [Machado]. I knew you could trust him. He likes to play, he likes to compete, he likes to be on the field.”

Showalter describes Lindor as a perfectionist, someone who takes pride in bunting, running the bases and being a student of the game. The skipper called him “one of those good question guys” and also said that his bounce-back season after a disappointing 2021 has shown a lot of maturity.

”He’s very approachable about things that we should do better. We had a relay that was a little off. I think it kept him up for two days. He’s driven. He wants to be the last team standing.”

There was a day, according to Showalter, where he went into the team’s dining area looking for somebody. He ended up getting distracted by the sight of Lindor, who was in the corner by himself poring over video on his iPad. That, according to Showalter, is the true measure of his character, as the mega-rich shortstop was putting in the work when nobody else was watching.

”Francisco has been a rock,” Showalter said. “Through thick and thin, he’s got that same personality. I’ve never said, ‘What kind of mood is Francisco in today?’ He’s in the same mood every day, no matter what may be going on, we all have it off the field, things that affect our mentality a little bit. Once he walks through that door, he’s about the Mets and playing shortstop for us.”

As for the constant usage, Showalter said the Mets have internal conversations every single day about how to effectively rest players. Using a red, yellow and green traffic light system, the team will look at everything from the last time a player had a day off to how hard he ran the bases in a given week.

“It’s an inexact science,” Showalter said. “You try to use everything at your disposal. I welcome it, I want all of it.”

They’ve gotten Lindor’s all this year, and it’s paying off with a sublime season for both him and the ball club as a whole.

”The burden of expectations, x contract, x-year commitment means you should do this statistically,” Showalter said. “I wanted to make sure [Lindor] knew that wasn’t my line. Just go play shortstop, play the heck out of it, bring what you bring, and make sure we can count on that.”

“I came to New York to play baseball,” Lindor said. “As long as the good lord continues to bless me with health, I’m going to be out there. Buck is out there grinding, the boys are out there grinding, I want to be out there with them.”

TAKE A LOAD OFF, BUCK

Wednesday marks the end of the Mets’ run of 14 games in 13 days. With an off day on Thursday, the team will have some sorely needed decompression time, even if their leader thinks it won’t do a lot for their bodies.

“What do you get from it, physically? Not a whole lot,” Showalter guessed. “We’re too far down this road.”

The ability to get away from things and not think about baseball, not be on the baseball clock, and not have to hang out with their teammates is the most valuable thing, per Showalter.

“We pick their friends for eight months. You can actually go do something that you want to do. You know what a lot of people do when they get time like this? Nothing.”

As for how he’ll spend his off day? How about a television show that debuted in 1955.

“I might want to sit there and watch Honeymooners reruns,” Showalter laughed. “Pretty funny show.”

Just don’t tell him too much about it, though.

“I don’t like reading about the truth behind the scenes and who didn’t get along with who. Who feuded on the show? I don’t want to hear that. Someone once told me that Andy Griffith and Barney Fife didn’t get along. That’s no good.”

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CBS Mornings’ Gayle King visits Detroit, Motown Museum – CBS Detroit

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Cbs Mornings' Gayle King Visits Detroit, Motown Museum – Cbs Detroit

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Kevin Durant wants trade to Celtics, 76ers interested: report

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Kevin Durant Wants Trade To Celtics, 76Ers Interested: Report

A new team has joined the Kevin Durant sweepstakes, and it’s the same team that pried away the Nets’ last superstar.

After acquiring James Harden in a Ben Simmons swap last season, the Philadelphia 76ers have joined the pursuit of the 12-time All-Star and two-time NBA Finals MVP, according to SNY’s Ian Begley, who reported there are “high-ranking members of the Sixers who’ve felt strongly about engaging with Brooklyn on a Durant trade.”

The SNY report, however, noted the Boston Celtics as Durant’s current preferred trade destination and added an additional tidbit: Durant wants to play with reigning Defensive Player of the Year Marcus Smart if he’s moved to Boston. The Nets reportedly rejected Boston’s trade offer of All-Star wing Jaylen Brown, reserve guard Derrick White and a first-round pick, then countered, asking the Celtics to include Smart, an additional rotation player and additional draft compensation.

Philadelphia’s interest in a Durant deal makes sense given Tobias Harris’ large salary and lack of star-level production. Harris averaged 17 points, seven rebounds and 3.5 assists per game last season — about on par with his career averages — but never eclipsed 14 points in any of the Sixers’ final four playoff games in their second-round playoff loss to the Miami Heat.

It’s unclear whether or not the Nets would want Harris, 30, in any Durant deal, and assuming MVP runner-up Joel Embiid is untouchable, budding young guard Tyrese Maxey would be the highlight of any deal done with Philadelphia. The Celtics can offer a surefire All-Star in Brown, one or both of forward Grant Williams and center Robert Williams, a first-round pick in 2025 and the lesser of their first-round picks in 2028, when the Spurs own swap rights on Boston’s pick.

The Daily News recently reported the New Orleans Pelicans’ interest in acquiring Durant and could make an offer highlighted by one-time All-Star Brandon Ingram, young role players and significant draft compensation.

Elsewhere, there doesn’t appear to be much traction on a Durant deal, though the Los Angeles Lakers are now reportedly willing to include both 2027 and 2029 first-round draft picks in a deal for Kyrie Irving. Earlier in the offseason, the Nets were unwilling to take back Russell Westbrook in any Irving deal. It is unclear if their stance remains unchanged or could change depending on what is received in a potential Durant deal.

A deal with the Phoenix Suns, Durant’s first preferred trade destination, was shut down when Deandre Ayton signed an offer sheet with the Indiana Pacers. The Suns matched Ayton’s offer sheet — the largest in NBA history at four years, $133 million — and now cannot trade him to the Pacers for a year or to any team without his consent. The path to a Durant trade to Phoenix would have needed to include a sign-and-trade with Ayton.

That largely leaves the Celtics and 76ers, according to SNY, and the Sixers don’t have attractive enough assets to get a deal done. They can’t trade P.J. Tucker, Danuel House or De’Anthony Melton until Jan. 15 because they all just recently signed contracts when free agency began. Brooklyn’s asking price has remained consistent: They want an All-Star, impact players and draft compensation to part ways with a top-five player in the NBA and one of the more gifted scorers in NBA history. After the Jazz acquired five draft picks, four rotation players and a rookie in the Rudy Gobert deal, no team has been able to meet Brooklyn’s asking price.

If the Nets are unable to strike a deal soon, however, they will run the risk of muddying training camp waters and tanking yet another season before it begins. Durant has already created an almost impossible environment in Brooklyn, delivering Nets governor Joe Tsai an ultimatum over the weekend: Either trade me or fire both GM Sean Marks and head coach Steve Nash. Once the reports of the meeting broke on social media, Tsai responded on Twitter, vouching for those Durant wanted out.

“Our front office and coaching staff have my support,” he tweeted. “We will make decisions in the best interest of the Brooklyn Nets.”

The decision best for the Brooklyn Nets would have been bringing a happy Durant — and Irving — into training camp with a healthy Simmons, but happiness in Brooklyn has long gone for the self-proclaimed Easy Money Sniper. The News reported Durant reporting to camp is not a foregone conclusion if a deal does not get done.

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Travelers begin to rest from higher airfares

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Travelers Begin To Rest From Higher Airfares

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FILE – A passenger walks past a sign for the Transportation Security Administration’s TSA PreCheck line in Terminal A at Logan Airport in Boston, Monday, June 27, 2016. AP Photo/Charles Krupa, File

DALLAS (AP) — Travelers received good news in the government’s inflation report Wednesday: Airfares are falling, and at a faster pace.

The price of the average plane ticket fell 7.8% in July, to 311 dollars, after a drop of 1.8% in June, the government announced on Wednesday.

Lower gasoline and travel prices were the main reasons for the slight slowdown in headline inflation in July, although consumer prices still rose 8.5% from a year ago. year.

But before celebrating by splurging on a fancy trip, travelers should know that the average July ticket was still 27.7% higher than July of last year.

Airlines have been able to raise fares because demand — at least among leisure travelers — is matching or exceeding pre-pandemic levels at a time when airlines are operating fewer flights. Airlines also cite fuel prices, which have roughly doubled since 2019.

Rates peaked in May, when summer holiday sales were in full swing.

Prices generally drop in late summer and early fall when the holidays end and children return to school. However, the drop should be more spectacular than usual this year. That’s partly because summer prices were so high, and also the cost of jet fuel has fallen by about a quarter since late April.

Travel data researcher Hopper expects US domestic fares to average $286 in August and stay at or below $300 through October, when many people book trips for Thanksgiving and Christmas. , and demand begins to drive prices up.

It is unclear whether inflation and a possible recession will have an effect on people’s willingness to travel.

Matthew Klein, chief commercial officer of Spirit Airlines, said on Wednesday that bookings remained strong and any fare cuts would follow the normal seasonal pattern, which he called good news for airline revenues.

Klein said Spirit executives wondered if demand was “just going to fall off a cliff after Labor Day and beyond, and we don’t see that right now. We continue to be quite impressed with the incoming volumes.

This echoed recent similar comments from officials at other carriers.

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Motorist sentenced to 6 years in woman’s fatal hit-and-run on St. Paul’s East Side

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Michael John Friend, 65, (Dob: 09/22/1956) Was Charged In Ramsey County District Court With Criminal Vehicular Homicide For A Hit-And-Run Collision That Killed My Ger Vang, 34, On St. Paulís East Side On Monday, Dec. 20, 2021. (Courtesy Of The Ramsey County Sheriff'S Office)

A motorist who fatally struck a pedestrian and left the scene last year on St. Paul’s East Side was sentenced Wednesday to more than six years in prison.

Michael John Friend (Courtesy of the Ramsey County Sheriff’s Office)

Michael John Friend, 65, of St. Paul, pleaded guilty to criminal vehicular homicide in June in connection with the Dec. 20 death of 34-year-old My Ger Vang, who was walking near the intersection of Third Street and White Bear Avenue when she was struck and killed.

Ramsey County District Judge Edward Sheu on Wednesday denied a motion by a county public defender asking for a downward dispositional departure from state guidelines and to give Friend a stayed sentence and probation.

Sheu gave Friend 75 months in prison, which is the low end of sentencing guidelines for the conviction. The presumptive guideline sentence is 88 months.

Friend will receive credit for 233 days already served in custody.

According to the criminal complaint, Vang was walking near the intersection of Third Street and White Bear Avenue about 8:30 p.m. when she was struck by Friend, who drove a white 2002 Dodge Grand Caravan.

Police found Vang unconscious in the street with significant injuries. She later died at Regions Hospital.

The next day, Friend turned himself in to police and admitted he was the driver of the minivan that hit Vang, according to the complaint.

“I’m the person who hit that lady,” he said to police, according to the complaint. “I take full responsibility as far as what happened.”

He was accompanied by a woman who said Friend took her vehicle without permission and had later admitted he had been in an accident. She told police he told her that he had hit a person and left the scene.

Friend told her there was damage to her windshield from the collision. He said he believed Vang was still alive when he drove off.

St. Paul officers found the minivan parked at Mounds Boulevard and Earl Street in a parking lot. It had cracks to the windshield and front-end damage near the passenger side.

In an Aug. 4 court motion, Friend’s attorney Erik Sandvick said Friend “panicked and drove away,” but turned himself in to police the next day. “Through his actions, he helped the solve this case and started the process of bringing closure to Ms. Vang’s family,” he wrote. “While his actions do not rise to a level of a legal defense, they do show his acceptance of responsibility for his actions.”

Police reports do not indicate that Friend was speeding, swerving or driving recklessly at the time of the accident, Sandvick wrote. Vang stepped out from between two cars into the street — not in a crosswalk or at an intersection, he noted.

According to Sandvick, the final autopsy report showed Vang had a blood-alcohol content of 0.21 percent and the presence of amphetamines and methamphetamine.

In a Tuesday memo arguing for the judge to stick with sentencing guidelines, Assistant Ramsey County Attorney Ambrosia Mosby-Velasco noted how Friend was previously convicted of multiple misdemeanors, gross misdemeanors and felonies.

At the time of the hit-and-run, Friend was serving probation after being convicted of second-degree assault with a dangerous weapon in July 2020, “which the state believes is a showing that he is not particularly amenable to probation,” Mosby-Velasco wrote.

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Businesses must prepare for future cyber threats, says former CISA director

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Businesses Must Prepare For Future Cyber Threats, Says Former Cisa Director

What is happening

Speaking at the Black Hat cybersecurity conference, former CISA director Chris Krebs said US companies need to strengthen their cyber defenses and think about the future.

why is it important

Cyber ​​threats from state-sponsored hacking operations, as well as sophisticated cybercriminal gangs, continue to rise.

Businesses must think ahead when making security decisions today, as threats around the world continue to rise, said the former director of the US Cybersecurity and Infrastructure Security Agency. United.

The ranks of cybercrime groups continue to grow, as do state-sponsored hacking operations from countries like Russia, China, North Korea, Iranas well as other less obvious ones, Chris Krebs told a crowd during the keynote speech at the Black Hat cybersecurity conference on Wednesday.

The annual Las Vegas, Nevada event brings together thousands of hackers and other security professionals each August, although attendance has dropped slightly from previous years, with some regular attendees opting instead to the online version of the conference following the global pandemic.

Krebs, who oversaw election security in the 2020 presidential election and was tweeted out of his post by President Donald Trump, currently runs a consulting firm with former Facebook security chief Alex Stamos. At CISA, Krebs ran a government website debunking false allegations of voter fraud. His dismissal drew backlash from the cybersecurity community and lawmakers.

Specifically, Krebs said Wednesday that every company needs to think about how its security might be affected by a Chinese invasion of Taiwan. While he’s not sure if that will happen tomorrow or six months from now, Krebs says based on conversations he’s had with national security officials, Chinese military action is almost inevitable.

Meanwhile, corporate IT systems are becoming increasingly complex and companies are collecting more data than ever before, making the idea of ​​attacking them more appealing.

“We have a pathological need to connect things to the internet,” Krebs said, noting that the average person has data-collecting devices in their car and home, as well as in and on their body.

“These things generate an incredible amount of data exhaustion, digital exhaustion,” he said, adding that overall these devices are getting more complex, not less.

Krebs said that CISA, under the direction of current manager Jen Easterly, does a lot to secure both government agencies and businesses, while managing to remain non-partisan and apolitical. But he says it will largely be up to cybersecurity professionals, like those at Black Hat, to do the hard work.

“I’m confident we can solve this problem,” he said. “We can move forward and get the safety results that we’re trying to get.”

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