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Goldman Sachs No Salve For Oakland Raiders Sheldon Adelson Issues In Las Vegas

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The Oakland Raiders Owner Mark Davis has reportedly told the members of the finance and stadium committees of the NFL Owners Group that the organization has a plan to finance the construction of a new stadium with or without Las Vegas Sands CEO Sheldon Adelson. That’s a tall order that, when one starts to think about it, doesn’t really pass the stadium financing smell test. Take a look at why with me (and see the video at Zennie62 on YouTube by Zennie Abraham). 

 

Oakland Raiders: $500 million
Nevada Subsidy $750 million
Stadium Cost Gap 1 $350 million

Total Stadium Cost $1.6 billion

 

 

The problem is that without Sheldon Adelson’s help, there’s still a $350 million stadium cost gap that would have to be filled if the total cost was $1.6 billion and not $1.9 billion. Its not enough for the Raiders to say that Goldman Sachs will finance the stadium without Adelson, and because they’re not investors – they’re investment bankers.

 

 

Goldman Sachs’s speciality is in bonds and loans for, in this case, the construction of NFL stadiums. If they were to give the $350 million to fill the gap, it would have to be matched by some stadium-related revenue stream that would throw off $350 million over some period of time. Think about this.

 

 

Goldman is not going to just say, “Hey Raiders! Here’s $350 million, and don’t worry because you will not have to pay us back!” You believe that’s the case, you’re a fool. What Goldman would want is what Sheldon Adelson wants, and that means a percentage of stadium revenues necessary to raise $350 million.

 

 

Where would that come from?

 

 

Well, the Raiders have already pledged $500 million from stadium-related revenues and NFL loans. But really that’s just $200 million from the sale of personal seat licenses. So, right off the bat, the Raiders have to shave off $550 million in stadium revenue to help pay for it’s construction. Chances are, naming rights will be about $150 million at best, which gets The Raiders less than halfway to the mark. The remaining gap would have to be filled by luxury box revenue, but when you start to run those numbers, the remaining answer means the Raiders would wind up using all of their luxury box revenue for stadium construction, and nothing would be left over for the team’s use.

 

 

Think about it.

 

 

Let’s say the proposed Oakland Raiders Las Vegas NFL stadium has 137 luxury boxes, each costing an average of $80,000. Assuming a 100 percent sales rate – all 137 suites – that comes to $10,960,000 a year. Over a 30 year period (the length of the bond issue tied to the Nevada Subsidy of $750 million) that comes to $328 million. So we could use luxury box revenue to fill most of the $350 million gap, or we would wind up using $178 million of that if the Raiders landed a naming rights agreement of $150 million.

 

 

That still means The Raiders would use 54 percent of luxury box revenues for stadium construction. And that’s if the stadium manages to cost $1.6 billion – if it went to $1.75 billion or higher, then both naming rights revenues and luxury suite revenues would be entirely used to pay for the stadium’s construction. The Raiders would use 100 percent of both sources – no money for the team.

 

 

Mark Davis can’t be happy with that prospect. Moreover, I can’t see how his meeting with the NFL Owners, who know this as well as I do, went so well at all. Davis can’t do this without Adelson or another investor. That group or person is going to want their cut – there’s no avoiding it.

 

 

Davis’ only way is by having development around the stadium – but that calls for a new developer and investor. Kind of like Majestic Realty. Remember them? The ones who brought $150 million? Bet Davis wishes he had them back in about now.

 

 

Davis should stay in Oakland.

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Alameda County

Seth Curry Makes Impressive Debut with the Golden State Warriors

Seth looked comfortable in his new uniform, seamlessly fitting into the Warriors’ offensive and defensive system. He finished the night with an impressive 14 points, becoming one of the team’s top scorers for the game. Seth’s points came in a variety of ways – floaters, spot-up three-pointers, mid-range jumpers, and a handful of aggressive drives that kept the Oklahoma City Thunder defense on its heels.

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Seth Curry is a point guard on the GSW team.Photo courtesy of the Golden State Warriors.
Seth Curry is a point guard on the GSW team.Photo courtesy of the Golden State Warriors.

By Y’Anad Burrell

Tuesday night was anything but ordinary for fans in San Francisco as Seth Curry made his highly anticipated debut as a new member of the Golden State Warriors.  Seth didn’t disappoint, delivering a performance that not only showcased his scoring ability but also demonstrated his added value to the team.

At 35, the 12-year NBA veteran on Monday signed a contract to play with the Warriors for the rest of the season.

Seth looked comfortable in his new uniform, seamlessly fitting into the Warriors’ offensive and defensive system. He finished the night with an impressive 14 points, becoming one of the team’s top scorers for the game. Seth’s points came in a variety of ways – floaters, spot-up three-pointers, mid-range jumpers, and a handful of aggressive drives that kept the Oklahoma City Thunder defense on its heels.

One of the most memorable moments of the evening came before Seth even scored his first points. As he checked into the game, the Chase Center erupted into applause, with fans rising to their feet to give the newest Warrior a standing ovation.

The crowd’s reaction was a testament not only to Seth’s reputation as a sharpshooter but also to the excitement he brings to the Warriors. It was clear that fans quickly embraced Seth as one of their own, eager to see what he could bring to the team’s championship aspirations.

Warriors’ superstar Steph Curry – Seth’s brother – did not play due to an injury.  One could only imagine what it would be like if the Curry brothers were on the court together.  Magic in the making.

Seth’s debut proved to be a turning point for the Warriors. Not only did he contribute on the scoreboard, but he also brought a sense of confidence and composure to the floor.

While their loss last night, OKC 124 – GSW 112, Seth’s impact was a game-changer and there’s more yet to come.  Beyond statistics, it was clear that Seth’s presence elevated the team’s performance, giving the Warriors a new force as they look to make a deep playoff run.

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LIHEAP Funds Released After Weeks of Delay as States and the District Rush to Protect Households from the Cold

BLACKPRESSUSA NEWSWIRE — The federal government has released $3.6 billion in home heating assistance after a delay that left states preparing for the start of winter without the program’s annual funding.

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By Stacy M. Brown
Black Press USA Senior National Correspondent

The federal government has released $3.6 billion in home heating assistance after a delay that left states preparing for the start of winter without the program’s annual funding. The Low-Income Home Energy Assistance Program, known as LIHEAP, helps eligible households pay heating and cooling bills. The release follows a shutdown that stretched 43 days and pushed agencies across the country to warn families of possible disruptions.

State officials in Minnesota, Kansas, New York, and Pennsylvania had already issued alerts that the delay could slow the processing of applications or force families to wait until December for help. In Pennsylvania, more than 300,000 households depend on the program each year. Minnesota officials noted that older adults, young children, and people with disabilities face the highest risk as temperatures fall.

The delay also raised concerns among advocates who track household debt tied to rising utility costs. National Energy Assistance Directors Association Executive Director Mark Wolfe said the funds were “essential and long overdue” and added that high arrearages and increased energy prices have strained families seeking help.

Some states faced additional pressure when other services were affected by the shutdown. According to data reviewed by national energy advocates, roughly 68 percent of LIHEAP households also receive nutrition assistance, and the freeze in multiple programs increased the financial burden on low-income residents. Wolfe said families were placed in “an even more precarious situation than usual” as the shutdown stretched into November.

In Maryland, lawmakers urged the Trump administration to release funds after the state recorded its first cold-related death of the season. The Maryland Department of Health reported that a man in his 30s was found outdoors in Frederick County when temperatures dropped. Last winter, the state documented 75 cold-related deaths, the highest number in five years. Rep Kweisi Mfume joined more than 100 House members calling for immediate federal action and said LIHEAP “is not a luxury” for the 100,000 Maryland households that rely on it. He added that seniors and veterans would be placed at risk if the program remained stalled.

Maryland Gov. Wes Moore used $10.1 million in state funds to keep benefits moving, but noted that states cannot routinely replace federal dollars. His administration said families that rely on medical equipment requiring electricity are particularly vulnerable.

The District of Columbia has already mapped out its FY26 LIHEAP structure in documents filed with the federal government. The District’s plan shows that heating assistance, cooling assistance, weatherization, and year-round crisis assistance operate from October 1 through September 30. The District allocates 50 percent of its LIHEAP funds to heating assistance, 10 percent to cooling, 13 percent to year-round crisis assistance, 15 percent to weatherization, and 10 percent to administrative costs. Two percent is used for services that help residents reduce energy needs, including education on reading utility bills and identifying energy waste.

The District’s plan lists a minimum LIHEAP benefit of $200 and a maximum of $1,800 for both heating and cooling assistance. Crisis benefits are provided separately and may reach up to $500 when needed to resolve an emergency. The plan states that a household is considered in crisis if it has been disconnected from energy service, if heating oil is at 5 percent or less of capacity, or if the household has at least $200 owed after the regular benefit is applied.

The District’s filing notes that LIHEAP staff conduct outreach through community meetings, senior housing sites, Advisory Neighborhood Commissions, social media, posters, and mass mailings. The plan confirms that LIHEAP applicants can apply in person, by mail, by email, or through a mobile-friendly online application and that physically disabled residents may request in-home visits.

As agencies nationwide begin distributing the newly released funds, states continue working through large volumes of applications. Wolfe said LIHEAP administrators “have been notified that the award letters have gone out and the states can begin to draw down the funds.”

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Seven Steps to Help Your Child Build Meaningful Connections

BLACKPRESSUSA NEWSWIRE — Swinging side by side with a friend on the playground. Sharing chalk over bright, colorful sidewalk drawings. Hiding behind a tree during a spirited game of hide-and-seek. These simple moments between children may seem small, but they matter more than we think

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By Niyoka McCoy, Ed.D., Chief Learning Officer, Stride/K12

Swinging side by side with a friend on the playground. Sharing chalk over bright, colorful sidewalk drawings. Hiding behind a tree during a spirited game of hide-and-seek. These simple moments between children may seem small, but they matter more than we think: They lay the foundation for some of life’s most important skills.

Through everyday play, young children begin learning essential social and emotional skills like sharing, resolving conflicts, showing empathy, and managing their emotions. These social skills help shape emotional growth and set kids up for long-term success. Socialization in early childhood isn’t just a “nice-to-have”—it’s essential for development.

Yet today, many young children who haven’t yet started school aren’t getting enough consistent, meaningful interaction with peers. Research shows that there’s a decline in active free play and peer socialization when compared to previous generations.

There are many reasons for this. Children who are home with a parent during the day may spend most of their time with adults, limiting opportunities for peer play. Those in daycare or preschool may have restricted free play, and large classrooms can reduce supervision and social coaching. Some children live in rural areas, are homebound due to illness, have full schedules, or rely on screens to fill their playtime. And for some families, finding other families with young children to connect with isn’t easy.

While these challenges can feel significant, opportunities for connection still exist in every community. Families can take simple steps to help children build friendships, create a sense of belonging, and strengthen social skills. Here are some ideas to get started:

  • Storytime sessions at libraries or local bookstores
  • Community offerings such as parent-child workshops, art, music, gymnastics, swimming, or sports programs
  • Weekly events at children’s museums, which may include art projects, music workshops, or science experiments
  • Outdoor exploration, where kids can play with peers
  • Local parenting groups that organize playdates and group activities
  • Volunteer opportunities where children can participate, such as pet adoption events or packing meals at a food bank
  • Classes for kids at local businesses, including hardware, grocery, or craft stores

Some of these community activities are free or low-cost and give kids the chance to build friendships and practice social skills. Parents can also model positive social behavior by interacting with other parents and encouraging their children to play with their peers.

These may seem like small moments of connection, but they can have a powerful impact. Every time your child shares a toy, plays make-believe with peers, or races a friend down the slide, they’re not just playing—they’re learning the skills that build confidence, empathy, and lasting friendships. And it’s good for you, too. Creating intentional opportunities for play also helps you strengthen your own network of parents who can support one another as your children grow together.

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