Here's why used car prices are so high

Auckland police pursuit: Cop car rammed in downtown drama

A police car has been rammed by a vehicle being pursued in downtown Auckland.

The police car driver’s door was extensively damaged.

The incident took place on the waterfront near Quay St and Lower Hobson St.

A witness told the Herald it appeared the police car had been deliberately rammed.

Police have been contacted for comment.

Iraq airport near a base that houses U.S. troops is attacked by drone

  • The U.S. military confirmed a Tuesday evening drone attack in northern Iraq, near a base that houses American troops.
  • "At this time initial reports indicate no injuries, casualties or damage," wrote U.S. Army Col. Wayne Marotto, spokesman for Operation Inherent Resolve.

WASHINGTON – The U.S. military on Tuesday evening confirmed a drone attack in northern Iraq, near a base that houses American troops.

Kurdish security sources said the drone attacked Erbil airport with explosives, according to a Reuters report. U.S. troops occupy a military air base adjacent to the civilian airport.

"At approximately 11:15 PM local time, one UAS [unmanned aerial systems] impacted in vicinity of Erbil Air Base, Iraq. At this time initial reports indicate no injuries, casualties or damage," wrote U.S. Army Col. Wayne Marotto, spokesman for Operation Inherent Resolve, in a statement Tuesday evening.

We will update when we have further information," he added.

The attack comes one day after rockets and a drone targeted Ain al-Asad air base, which houses American troops and the U.S. embassy in Baghdad, on Monday.

Kayleigh McEnany Falsely Claims All The ‘Main Founding Fathers’ Opposed Slavery

Former White House press secretary Kayleigh McEnany apparently decided the best way to defend America’s Founding Fathers was to lie about them.

McEnany was part of an all-white panel on Fox News Tuesday morning discussing Rep. Cori Bush’s (D-Mo.) July Fourth tweet, where she said that Black people are still not free in America.

All members of the panel were miffed by Bush’s tweet, but none more than McEnany.

“The haters never take a day off from hating, that is clear,” McEnany said. “And they never take a day off from getting the facts wrong. We know most of our forefathers, all of our main Founding Fathers, were against slavery, recognized the evils of it.”

To be clear: McEnany is wrong. Though there isn’t a consensus on the exact number of Founding Fathers who owned enslaved people, historians have said the majority of men at the signing of the Declaration of Independence were slaveowners.

In response to McEnany’s claim, misinformation nonprofit Media Matters For America pointed out that George Washington enslaved hundreds of people, Thomas Jefferson enslaved more than 600 people, and James Madison enslaved over 100 people.

You can see McEnany’s “big lie” below.

Twitter users weren’t impressed with McEnany’s fake history lesson.

Samsung Electronics says second-quarter profit likely rose 53%, beating expectations

  • Samsung said its profit for the three months that ended June 30 was likely 12.5 trillion won ($11 billion), topping a Refinitiv SmartEstimate of 11.3 trillion won ($10 billion) drawn from 20 analysts.
  • Revenue rose an estimated 19% from the same period a year earlier to 63 trillion won, Samsung said in a short preliminary earnings release.
  • Profits at Samsung's chip division likely jumped by a fifth or more from a year earlier, analysts said, helped by strong memory-chip prices and demand for consumer electronics and from data center customers.

In this article

    Samsung Electronics said on Wednesday its second-quarter operating profit likely jumped 53%, beating analysts' estimates, as strong chip prices and demand lifted earnings.

    The world's largest memory chip and smartphone maker said profit for the quarter ended June 30 was likely 12.5 trillion won ($11 billion), above a Refinitiv SmartEstimate of 11.3 trillion won ($10 billion) drawn from 20 analysts.

    Revenue rose an estimated 19% from the same period a year earlier to 63 trillion won, Samsung said in a short preliminary earnings release. It is due to release detailed earnings later this month.

    Profits at Samsung's chip division likely jumped by a fifth or more from a year earlier, analysts said, helped by strong memory-chip prices and demand for consumer electronics and from data center customers.

    Here's why used car prices are so high

    New York (CNN Business)Hertz has officially emerged from bankruptcy after more than a year as a “much stronger company,” thanks to a red-hot rental car market as more Americans travel and the economy reopens.

    As part of its bankruptcy filing last year, Hertz promised to sell more than 180,000 vehicles from its fleet by the end of 2020 — just as the prices of used cars shot up and Americans faced a shortage of new cars.
    Henry Keizer, chairman of Hertz’s board of directors, called the recovery “remarkable.”

      Hertz, which operates other brands including Thrifty and Dollar, was one of the first major companies to file for bankruptcy when the pandemic halted virtually all travel last year. At the time it filed for Chapter 11 bankruptcy protection in May 2020, Hertz was already drowning in more than $18 billion in debt.

        “Faced with the epic and unprecedented challenges presented by the Covid-19 pandemic, and unfazed by early leadership changes, we stayed focused on stabilizing the business and seizing opportunities to mitigate losses and create value for our stakeholders,” Keizer said.

          Hertz was provided $5.9 billion in new equity capital by the company’s new investor group, led by Knighthead Capital Management and Certares Opportunities. The two investment firms agreed in March to buy Hertz and take it out of bankruptcy.
          Hertz said it has reduced corporate debt by nearly 80%, or nearly $5 billion. Hertz has also “significantly enhanced its liquidity to fund operations and future growth.”