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Company Surprises Employees with $10m in Bonuses at Holiday Party

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When a Maryland real estate company handed out red envelopes to employees during the annual holiday party on Saturday, no one knew what to expect.

So when the 198 employees of St. John Properties received surprise bonuses averaging $50,000, it was a holiday miracle most didn’t see coming. All the bonuses totaled around $10 million.
“When I opened the envelope, I was in total disbelief,” Stephanie Ridgway, an assistant project manager at the company, told CNN.
“I couldn’t believe I saw what I saw. I don’t even have words to properly describe how I felt, it was just amazing and incredible. I’m still in shock. It’s definitely life changing.”
St. John Properties President Lawrence Maykrantz told CNN the company had reached a major goal of developing 20 million square feet in real estate, doubling the amount in 14 years.
“We wanted to do something to thank all our employees for helping us achieve our goal, and we wanted to do something big,” Maykrantz told CNN.
Each employee received money based on the amount of years they have been working at the company. The smallest amount, $100, was for an employee who was just hired and hadn’t even started at the company yet. The largest bonus was $270,000.
“It was truly one of the most amazing things I’ve ever witnessed in my life. Everyone was all overwhelmed with emotions. They were screaming, crying, laughing, hugging,” Maykrantz said.
“People were lining up to hug us, and kiss us, and shake our hands and they told us story after story of what they’re going to use their bonuses for. People are now debt free, they’re paying off their credit cards, their mortgages, their tuition and student loans.”
The 37-year-old Ridgway — a 14-year employee — said she will use the bonus for her children’s college funds.
“I’m looking into some possible investments and some house upgrades, but the majority of the money is going into my children’s future,” Ridgway said.
For the first time in company history, St. John Properties, which has eight different branches, flew in all their out-of-state employees and their guests and covered all airfare and hotel costs for the party.
“We are so proud of our employees. They are the foundation and the reason behind the success of our company. And we wanted a big way to thank them and I think we were successful in doing that,” Maykrantz said.
Source: CNN

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Africa

Romuald Wadagni Inaugurated As Benin’s President

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Former Beninese finance minister, Romuald Wadagni, has been officially sworn in as president of Benin on Sunday, succeeding his predecessor and former boss, Patrice Talon.

Wadagni, a 49-year-old economist widely regarded as a technocrat and continuity candidate for Talon’s administration, won the April 12 presidential election with 94 per cent of the vote.

His only challenger, Paul Hounkpe, was overwhelmingly defeated, while Hounkpe’s party later aligned with Wadagni’s political camp in parliament.

The main opposition party, The Democrats, did not participate in the election after reportedly failing to secure the required endorsements and facing internal divisions.
Speaking during his inauguration in Cotonou, Wadagni pledged to govern with integrity and accountability.

“I will serve Benin with integrity, courage and commitment.

“I will serve with the constant knowledge that power is never a personal privilege,” he said.

Wadagni assumes office at a time when Benin has recorded strong economic growth over the last decade but continues to grapple with inequality and insecurity in its northern region due to attacks linked to jihadist groups.

His inauguration also marks the beginning of a seven-year presidential term following a constitutional amendment last year that extended the tenure from five years. Presidents remain limited to a maximum of two terms.

During his decade-long tenure as finance minister, Wadagni oversaw fiscal reforms that reduced Benin’s budget deficit to three per cent of GDP.

He also pledged to confront security threats in northern Benin, particularly attacks attributed to the al-Qaeda-linked Group for the Support of Islam and Muslims (JNIM).

“Benin will not give in to fear nor complacency. The government will be firm against all those who threaten our unity and security,” he said.

The new president is also expected to work toward improving relations with neighbouring junta-led states, including Niger and Burkina Faso.

In a sign of warming ties, Ali Mahaman Lamine Zeine attended the inauguration ceremony and received applause from attendees.

The Guardian

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US Will Not ‘Rush into a Deal’ with Iran, Trump Declares

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President Donald Trump said on Sunday that he has told US negotiators “not to rush into a deal” with Iran, amid anticipation — and mounting criticism — of an agreement to end the war in the Middle East.

“The negotiations are proceeding in an orderly and constructive manner, and I have informed my representatives not to rush into a deal in that time is on our side,” Trump wrote on his Truth Social account.

“The Blockade will remain in full force and effect until an agreement is reached, certified, and signed.”

The United States has imposed a blockade of Iranian ports since April 13 after Tehran virtually halted traffic through the economically vital Strait of Hormuz in response to the US-Israeli attacks on Iran that began February 28.

“Both sides must take their time and get it right,” Trump wrote in the same Truth Social post, while slamming the 2015 nuclear deal that former president Barack Obama agreed with Iran.

“Our relationship with Iran is becoming a much more professional and productive one. They must understand, however, that they cannot develop or procure a Nuclear Weapon or Bomb,” Trump wrote.

While the White House has not released aspects of the deal, Iran Foreign Ministry spokesman Esmaeil Baqaei said Saturday on state television that the two sides were nearing a “a memorandum of understanding, a kind of framework agreement composed of 14 clauses,” in “a trend toward rapprochement.”

Several voices, notably among Republican lawmakers close to Trump, expressed fears of an agreement favorable to Iran as supposed aspects of the deal that began to leak.

According to news outlet Axios, a possible agreement would extend the current ceasefire by 60 days, during which the Strait of Hormuz would be reopened, Iran would freely sell oil, and negotiations would be held on Iran’s nuclear program.

The top Republican senator overseeing defense policy, Roger Wicker, said that agreeing to a “rumored 60-day ceasefire” with Iran would mean, “everything accomplished by Operation Epic Fury would be for naught!”

Fellow Republican senators Ted Cruz and Lindsey Graham also voiced opposition to Iran soon gaining benefits such as the ability to sell its oil freely.

“If the result of all that is to be an Iranian regime — still run by Islamists who chant ‘death to America’ — now receiving billions of dollars, being able to enrich uranium & develop nuclear weapons, and having effective control over the Strait of Hormuz, then that outcome would be a disastrous mistake,” Cruz, a Republican from Texas, wrote on X.

Thom Tillis, a Republican senator from North Carolina, said the deal “doesn’t make sense to me.”

“We were told about 11 weeks ago by (Secretary of Defense Pete) Hegseth and the Department of Defense that they had obliterated Iran’s defenses, and it was just a matter of time before we had the nuclear material. Now we’re talking about a posture where we may accept the nuclear material remaining in Iran. How does that make sense at all?” Tillis said on CNN’s “State of the Union” morning program.

AFP

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Again, Iran’s Military Closes Strait of Hormuz

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Iran’s military, on Saturday, declared the Strait of Hormuz closed again, hours after reopening it and with more than a dozen commercial ships passing through the vital waterway.

The toing and froing over the strait cast doubt on US President Donald Trump’s optimism the day before, that a peace deal to end the US-Israeli war with Iran was “very close”.

Tehran had on Friday declared the strait, which usually carries a fifth of the world’s oil and liquefied natural gas, open on Friday after a ceasefire was agreed in Lebanon to halt Israel’s war with Hezbollah.

That prompted elation in global markets and sent oil prices plunging, but with Trump insisting that a US naval blockade of Iranian ports would continue until a deal was concluded, Tehran threatened to shutter the strait once more.

Then, late on Saturday morning, citing a statement from military central command, Iranian state TV reported that “control of the Strait of Hormuz has returned to its previous status” and “is under strict management and control of the armed forces”, blaming the continued US blockade.

The announcement came as maritime tracking sites showed several ships making a dash through the narrow waterway, hugging close to Iranian territorial waters as instructed by Tehran and, for some, broadcasting their identity as Indian or Chinese in an apparent attempt to show their neutrality.

The same sites showed that late on Friday, a number of ships began heading for the strait before suddenly turning back amid the uncertainty.

By 0900 GMT on Saturday, several ships had fully transited the strait in both directions, but at least two tankers headed eastwards from the Gulf towards India after loading in UAE ports appeared to have turned around and aborted their journeys.

There are just four days remaining before the end of the two-week ceasefire in the US-Israeli war with Iran, launched by Washington and its ally on February 28.

Nevertheless, President Trump appeared convinced that a deal could be finished shortly.

He declared Friday “GREAT AND BRILLIANT,” and made a series of social media posts praising talks mediator Pakistan.

Islamabad’s powerful military chief, Field Marshal Asim Munir, on Saturday finished a three-day visit to Iran aimed at securing the peace deal, during which he met Iran’s top leadership.

While Munir was in Iran, Pakistani Prime Minister Shehbaz Sharif visited Saudi Arabia, Qatar and Turkey to push the peace process.

Islamabad has emerged as the lead mediator during the conflict, hosting a marathon round of direct peace talks last weekend attended by US Vice President JD Vance.

A second round of talks is expected in the Pakistani capital this coming week, with envoys hoping to end the war that was started by the US and Israel on February 28.

The allies launched a massive wave of surprise attacks on Iran, despite Washington and Tehran being engaged in diplomatic talks, that killed Iranian supreme leader Ali Khamenei and numerous senior leaders.

The war rapidly spread across the region, with Iran targeting US interests in the Gulf and Hezbollah dragging Lebanon into the conflict by launching rockets at Israel.

In a sign that the two-week ceasefire remained stable, Iran’s civil aviation agency declared its airspace was open again, with international flights able to transit Iran via the east of the country.

Nevertheless, two major sticking points in the peace talks — Iran’s stockpile of near-weapons-grade enriched uranium and the future of the Strait of Hormuz — appeared up in the air.

Speaking by phone with AFP on Friday, Trump said “we’re very close to having a deal,” adding that there were “no sticking points at all” left with Tehran.

Later the same day, at an event in Arizona, the president declared that Iran had agreed to hand over its 440 or so kilogrammes of uranium enriched to 60 percent — close to that needed for a bomb.

“We’re going to get it by going in with Iran, with lots of excavators,” he said.

But hours before, Iran’s foreign ministry had said its stockpile, thought to be buried deep under rubble by US bombing in last June’s 12-day war, was not going anywhere.

“Iran’s enriched uranium is not going to be transferred anywhere,” Iranian foreign ministry spokesman Esmaeil Baqaei told state TV.

“Transfer of Iran’s enriched uranium to the US has never been raised in negotiations.”

Ordinary Iranians, meanwhile, remained cut off from the international internet, with monitor netblocks announcing on Saturday that the blackout implemented at the start of the war had reached its 50th day.

AFP

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