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With a focus on human rights, US policy toward Latin America under Jimmy Carter briefly tempered a long tradition of interventionism in a key sphere of American influence, analysts say. Carter, who died Sunday at the age of 100, defied the furor of US conservatives to negotiate the handover of the Panama Canal to Panamanian control, suspended aid to multiple authoritarian governments in the region, and even attempted to normalize relations with Cuba. Carter's resolve to chart a course toward democracy and diplomacy, however, was severely tested in Central America and Cuba, where he was forced to balance his human rights priorities with pressure from adversaries to combat the spread of communism amid the Cold War standoff with the Soviet Union. "Latin America was fundamental and his global policy was oriented toward human rights, democratic values and multilateral cooperation," political analyst Michael Shifter of the Inter-American Dialogue, a think tank in Washington, told AFP. During his 1977-1981 administration, which was sandwiched between the Republican presidencies of Gerald Ford and Ronald Reagan, the Democrat sought to take a step back from US alignment with right-wing dictatorships in Latin America. An important symbol of Carter's approach was the signing of two treaties in 1977 to officially turn over the Panama Canal in 1999. "Jimmy Carter understood that if he did not return the canal to Panama, the relationship between the United States and Panama could lead to a new crisis in a country where Washington could not afford the luxury of instability," said Luis Guillermo Solis, a political scientist and former president of Costa Rica. Carter called the decision, which was wildly unpopular back home, "the most difficult political challenge I ever had," as he accepted Panama's highest honor in 2016. He also hailed the move as "a notable achievement of moving toward democracy and freedom." During his term, Carter opted not to support Nicaraguan strongman Anastasio Somoza, who was subsequently overthrown by the leftist Sandinista Front in 1979. But in El Salvador, the American president had to "make a very uncomfortable pact with the government," said Shifter. To prevent communists from taking power, Carter resumed US military assistance for a junta which then became more radical, engaging in civilian massacres and plunging El Salvador into a long civil war. Carter took a critical approach to South American dictatorships in Argentina, Chile, Uruguay and Paraguay, suspending arms deliveries and imposing sanctions in some cases. But his efforts "did not achieve any progress in terms of democratization," said Argentine political scientist Rosendo Fraga. The American president also tried to normalize relations with Cuba 15 years after the missile crisis. He relaxed sanctions that had been in force since 1962, supported secret talks and enabled limited diplomatic representation in both countries. "With him, for the first time, the possibility of dialogue rather than confrontation as a framework for political relations opened up," Jesus Arboleya, a former Cuban diplomat, told AFP. But in 1980, a mass exodus of 125,000 Cubans to the United States, with Fidel Castro's blessing, created an unexpected crisis. It "hurt Carter politically with the swarm of unexpected immigrants," said Jennifer McCoy, a professor of political science at Georgia State University. Castro continued to support Soviet-backed African governments and even deployed troops against Washington's wishes, finally putting an end to the normalization process. However, more than 20 years later, Carter made a historic visit to Havana as ex-president, at the time becoming the highest-profile American politician to set foot on Cuban soil since 1959. During the 2002 visit, "he made a bold call for the US to lift its embargo, but he also called on Castro to embrace democratic opening," said McCoy, who was part of the US delegation for the trip, during which Castro encouraged Carter to throw out the ceremonial first pitch at a Cuban All-Star baseball game. "Castro was sitting in the front row and we were afraid he would rise to give a long rebuttal to Carter's speech. But he didn't. He just said, 'Let's go to the ball game.'" In the years following Carter's presidency, Ronald Reagan (1981-1989) would go on to resume a full-frontal confrontation with Cuba. Decades later, Barack Obama (2009-2017) opened a new phase of measured normalization, which Donald Trump (2017-2021) brought to an end. US President Joe Biden promised to review US policy toward Cuba, but hardened his stance after Havana cracked down on anti-government protests in 2021. "Carter showed that engagement and diplomacy are more fruitful than isolation," McCoy said. bur-lp-rd-jb/lbc/mlr/bfm/sst/bbk
NEW YORK (AP) — The leaders of Kamala Harris' presidential campaign insist they simply didn't have enough time to execute a winning strategy against Donald Trump, pointing to "ferocious" political headwinds that were ultimately too much to overcome in the 107-day period after President Joe Biden stepped aside. Harris' leadership team, speaking on the "Pod Save America" podcast that aired on Tuesday, defended strategic decisions over the campaign's closing days, some of which have faced scrutiny in the weeks since Trump's decisive victory. Specifically, they defended Harris' outreach to Republican voters, her unwillingness to distance herself from Biden, her silence on Trump's attacks on her transgender policies and her inability to schedule an interview with popular podcaster Joe Rogan. "In a 107-day race, it is very difficult to do all the things you would normally do in a year and a half, two years," said Harris campaign senior adviser Jen O'Malley Dillon. David Plouffe, another senior adviser, added, "There was a price to be paid for the short campaign." The pointed reflections on Harris' loss came just before she declared she was "proud of the campaign we ran" during a conference call with supporters as the party begins a painful process of self-examination. Trump won every swing state and made gains among key voting groups traditionally aligned with Democrats — young voters and voters of color, among them. Backed by the resounding win, the Republican president-elect is claiming a mandate to enact his populist agenda as he prepares to return to the White House on Jan. 20. Harris acknowledged her defeat during the conference call, but praised the political organization her team built that featured more than 408,000 volunteers who knocked on nearly 20 million doors and made over 219 million phone calls. "What we did in 107 days was unprecedented," she said, noting that her campaign also raised more than $1.4 billion, which marks a record for U.S. presidential campaigns. Still, Harris' campaign finished the election in debt. And none of the Harris advisers acknowledged any mistakes during the wide-ranging podcast interview hosted by former Democratic operatives. Instead, they indicated that Harris had few options given the compressed timeframe and the broad anti-incumbent headwinds that have challenged elected officials across the world. They also gave Trump's team some credit. They specifically pointed to Trump's closing attack ad, which highlighted Harris' support for taxpayer-funded sex reassignment surgeries for transgender prisoners. "Obviously, it was a very effective ad at the end," said Harris deputy campaign manager Quentin Fulks. "I think that it made her seem out of touch." The campaign tested several potential response ads but, in the end, decided it was best to avoid a specific rebuttal. "There's no easy answers to this," O'Malley Dillon said. Plouffe said he thought the Trump attack ad against "Bidenomics" was even more effective, but he acknowledged that the transgender attacks were not helpful. "She was on tape," he said. "Surgery for trans people who want to transition in prison was part of the Biden-Harris platform in 2020. It was part of what the administration did, right?" And while the campaign has faced lingering questions about its media strategy, Harris' team said she actually wanted to participate in a podcast with Rogan, who is among the world's most popular podcasters and ultimately endorsed Trump. Stephanie Cutter, another Harris senior adviser, said the campaign wasn't able to "find a date" to make it work. "We had discussions with Joe Rogan's team. They were great. They wanted us to come on. We wanted to come on," she said. "Will she do it sometime in the future? Maybe. Who knows. But it didn't ultimately impact the outcome one way or the other." Plouffe noted that the campaign offered to do the Rogan podcast on the road in Austin, Texas. Trump ultimately did his interview with Rogan in the podcaster's studio. Harris' campaign brass also defended her decision to court moderate Republicans in the campaign's closing days. The decision has drawn ire from some progressives, who believe Harris should have worked harder to turn out more traditional Democratic voters. "This political environment sucked, OK? We were dealing with ferocious headwinds," Plouffe said. "So we had a complicated puzzle to put together here in terms of the voters." He acknowledged some "drift" toward Trump among non-college-educated voters, particularly voters of color, which made Harris' outreach to moderate voters even more important. "Yes, of course, you have to maximize your turnout and your vote share amongst liberal voters if you're a Democrat. That was a huge focus," he said. He added, "You've got to couple that with dominating in the middle. Not just winning it a little. We have to dominate the moderate vote." Speaking on Tuesday's conference call, Harris' running mate Tim Walz described the election result as "incredibly disappointing" and "a bit scary." But he praised the campaign's effort. "There will be a day of reckoning when it will be asked, 'What did you do during the 2024 campaign?' Well, I know the people on this call can say, everything they possibly could," Walz said. "And for that, as an American, I'm incredibly grateful."G7 foreign ministers push for Israel-Hezbollah ceasefire in final G7 of Biden administration
What 27 Analyst Ratings Have To Say About AppleWASHINGTON — Donald Trump threatened the United States’s closest neighbours with big tariffs this week, in a move that has reminded many of the unpredictable tactics the president-elect deployed during his first tenure in the White House. Trump said Monday he would use an executive order to impose 25 per cent tariffs on all goods coming from Canada and Mexico until the two countries stop drugs and migrants from illegally crossing the U.S. border. The announcement, made on Truth Social, brought swift responses from officials and industry in both countries who are bracing for chaos during Trump’s second tenure. He has long used the threat of import taxes to pressure other countries to do his bidding, saying this summer that “the most beautiful word in the dictionary is ‘tariff.'” It’s unlikely the move would violate the Canada-U.S.-Mexico Agreement, which was negotiated during the first Trump administration. Laura Dawson, an expert on Canada-U. S. relations and the executive director of the Future Borders Coalition, said the president can impose tariffs under his national security powers. This type of duty has a time limit and can only be made permanent through Congressional approval, but for Trump, national security powers are like a “get out of jail free card,” Dawson said. “This is exactly what happened in the last Trump administration,” Dawson said. “Everyone said, ‘Well, that is ridiculous. Canada is the U.S.’s best security partner. What do you mean our steel and aluminum imports are somehow a source of insecurity?'” But within the global trade system, she said, no country challenges another’s right to define their own national security imperatives. Trump’s first administration demonstrated how vulnerable Canada is to America’s whims when the former president scrapped the North American Free Trade Agreement. The U.S. is Canada’s closest neighbour and largest trading partner. More than 77 per cent of Canadian exports go to the U.S. Negotiation of CUSMA, commonly dubbed “the new NAFTA,” was a key test for Ottawa following Trump’s first victory. The trilateral agreement is up for review in 2026 and experts suspect this week’s tariff announcement is a negotiating tactic. Scott Bessent, Trump’s pick for treasury secretary, said in a recent op-ed that tariffs are “a useful tool for achieving the president’s foreign policy objectives.” “Whether it is getting allies to spend more on their own defence, opening foreign markets to U.S. exports, securing co-operation on ending illegal immigration and interdicting fentanyl trafficking, or deterring military aggression, tariffs can play a central role.” During the initial CUSMA negotiations in 2018, Trump floated the idea of a 25 per cent tariff on the Canadian auto sector — something that would have been crippling for the industry on both sides of the border. It was never implemented. At the time, he did use his national security powers to impose a 25 per cent tariff on steel and 10 per cent tariff on aluminum imports, casting fear of an all-out trade war that would threaten the global economy. The day after announcing those levies, Trump posted on social media “trade wars are good, and easy to win.” Former U.S. trade representative Robert Lighthizer recounted in his book that the duties sent an “unmistakable signal that business as usual was over.” “The Trump administration was willing to ruffle diplomatic feathers to advance its trade agenda.” It led to a legendary clash between Prime Minister Justin Trudeau and Trump at the G7 in Quebec. Trudeau said Canada would impose retaliatory measures, saying the argument that tariffs on steel and aluminum were a matter of national security was “kind of insulting.” Trump took to social media, where, in a flurry of posts he called Trudeau “very dishonest and weak.” Canada and other countries brought their own duties against the U.S. in response. They targeted products for political, rather than economic, reasons. Canada hit yogurt with a 10 per cent duty. Most of the product impacted came from one plant in Wisconsin, the home state of then-Republican House Speaker Paul Ryan. The European Union, Mexico and Canada all targeted U.S. whiskey products with tariffs, in a clear signal to then Republican Senate Majority Leader Mitch McConnell and his home state of Kentucky’s bourbon industry. Ultimately, Canada and Mexico were able to negotiate exemptions. Carlo Dade, the director of trade and trade infrastructure at the Canada West Foundation, said Trump is returning to the White House with more experience and a plan. But he suspects Americans will not like the blow to their bank accounts. Trump’s new across-the-board tariff strategy would not only disrupt global supply chains, it would also cause a major shakeup to the American economy. It’s unclear if Trump will go through with them, or for how long, after campaigning on making life more affordable and increasing the energy market. “I think it will be short-term,” Dade said. “The U.S. can only inflict damage on itself for so long.” This report by The Canadian Press was first published Nov. 26, 2024. — With files from The Associated Press Kelly Geraldine Malone, The Canadian Press
Neal Maupay: Whenever I’m having a bad day I check Everton score and smilePublished 19:18 IST, December 25th 2024 India has emerged as one of the most vibrant startup ecosystems globally, securing its position as the third-largest startup hub. New Delhi: India, which is the world's third largest start up ecosystem hub, is now home to more than 73,000 startups with at least one woman director, recognised under the Startup India initiative, the Ministry of Commerce & Industry stated on Wednesday. The ministry, in a release, highlighted that this represents nearly half of the 1,57,066 startups supported by the government, underscoring the crucial role women play in driving innovation and economic growth. India has emerged as one of the most vibrant startup ecosystems globally, securing its position as the third-largest startup hub. With over 100 unicorns, the Indian startup landscape is shaping the future of innovation and entrepreneurship. The entrepreneurial spirit in India has undergone a paradigm shift over the last decade. Cities such as Bengaluru, Hyderabad, Mumbai, and Delhi-NCR have become epicentres of innovation. The widespread availability of affordable internet, coupled with a young and dynamic workforce, has fuelled the growth of startups in diverse sectors, including fintech, edtech, health-tech, and e-commerce. According to the "Indian Startup Ecosystem Report" by Startup India, India's startups have leveraged emerging technologies such as artificial intelligence (AI), blockchain, and IoT to address both local and global challenges. This culture of innovation, supported by incubators, accelerators, and robust mentoring networks, has fostered a unique ecosystem that connects grassroots challenges with cutting-edge solutions. Recognising the transformative potential of startups, the Indian government has introduced several initiatives to support and nurture entrepreneurship. The flagship Startup India programme, launched in 2016, has been a cornerstone of this effort. As of December 25, 2024, 157,066 startups have been recognised by the Department for Promotion of Industry and Internal Trade (DPIIT), with 759,303 users registered on the portal. The government has launched ambitious programmes to support the startup ecosystem through ease of doing business, tax benefits, funding support, sector-specific policies, and the Bharat Startup Knowledge Access Registry (BHASKAR) platform. Additionally, initiatives such as the Atal Innovation Mission (AIM) and the National Initiative for Developing and Harnessing Innovations (NIDHI) provide infrastructure and financial support to innovators. The Startup Accelerator of MeitY for Product Innovation, Development, and Growth (SAMRIDH) scheme, launched in 2021, aims to support 300 software product startups over four years with an outlay of Rs 99 crore, offering funding of up to Rs 40 lakh per startup through accelerators to scale their businesses. Highlighting the success of new-age companies such as BYJU'S, Zomato, Ola, and Nykaa, the ministry noted that these startups have expanded their operations globally, showcasing India's ability to scale and compete on the world stage. The success of Indian-origin startups in Silicon Valley further underscores the country's global influence, the ministry added. According to the Startup India International Guide, Indian startups are increasingly partnering with global corporations and entering international markets. India's leadership in affordable technology solutions, such as UPI and Aadhaar-enabled services, is inspiring similar innovations globally, the ministry added. Furthermore, India's unicorns are outpacing global peers in valuation growth, proving that the ecosystem's foundation is robust and scalable, the Ministry of Commerce & Industry concluded. With inputs from ANI Updated 19:18 IST, December 25th 2024
Mr Carter, a former peanut farmer, served one term in the White House between 1977 and 1981, taking over in the wake of the Watergate scandal and the end of the Vietnam War. After his defeat by Ronald Reagan, he spent his post-presidency years as a global humanitarian, winning the Nobel Peace Prize in 2002. His death on Sunday was announced by his family and came more than a year after he decided to enter hospice care. He was the longest-lived US president. Our founder, former U.S. President Jimmy Carter, passed away this afternoon in Plains, Georgia. — The Carter Center (@CarterCenter) His son, Chip Carter, said: “My father was a hero, not only to me but to everyone who believes in peace, human rights and unselfish love. “My brothers, sister and I shared him with the rest of the world through these common beliefs. “The world is our family because of the way he brought people together, and we thank you for honouring his memory by continuing to live these shared beliefs.” Mr Carter is expected to receive a state funeral featuring public observances in Atlanta and Washington DC before being buried in his home town of Plains, Georgia. A moderate democrat born in Plains in October 1924, Mr Carter’s political career took him from the Georgia state senate to the state governorship and finally the White House, where he took office as the 39th president. His presidency saw economic disruption amid volatile oil prices, along with social tensions at home and challenges abroad including the Iranian revolution that sparked a 444-day hostage crisis at the US embassy in Tehran. But he also brokered the Camp David Accords between Egypt and Israel, which led to a peace treaty between the two countries in 1979. After his defeat in the 1980 presidential election, he worked for more than four decades leading the Carter Centre, which he and his late wife Rosalynn co-founded in 1982 to “wage peace, fight disease, and build hope”. Mrs Carter, who died last year aged 96, had played a more active role in her husband’s presidency than previous first ladies, with Mr Carter saying she had been “my equal partner in everything I ever accomplished”. Earlier this year, on his 100th birthday, Mr Carter received a private congratulatory message from the King, expressing admiration for his life of public service.Mr Carter, a former peanut farmer, served one term in the White House between 1977 and 1981, taking over in the wake of the Watergate scandal and the end of the Vietnam War. After his defeat by Ronald Reagan, he spent his post-presidency years as a global humanitarian, winning the Nobel Peace Prize in 2002. His death on Sunday was announced by his family and came more than a year after he decided to enter hospice care. He was the longest-lived US president. Our founder, former U.S. President Jimmy Carter, passed away this afternoon in Plains, Georgia. pic.twitter.com/aqYmcE9tXi — The Carter Center (@CarterCenter) December 29, 2024 His son, Chip Carter, said: “My father was a hero, not only to me but to everyone who believes in peace, human rights and unselfish love. “My brothers, sister and I shared him with the rest of the world through these common beliefs. “The world is our family because of the way he brought people together, and we thank you for honouring his memory by continuing to live these shared beliefs.” Mr Carter is expected to receive a state funeral featuring public observances in Atlanta and Washington DC before being buried in his home town of Plains, Georgia. A moderate democrat born in Plains in October 1924, Mr Carter’s political career took him from the Georgia state senate to the state governorship and finally the White House, where he took office as the 39th president. His presidency saw economic disruption amid volatile oil prices, along with social tensions at home and challenges abroad including the Iranian revolution that sparked a 444-day hostage crisis at the US embassy in Tehran. But he also brokered the Camp David Accords between Egypt and Israel, which led to a peace treaty between the two countries in 1979. After his defeat in the 1980 presidential election, he worked for more than four decades leading the Carter Centre, which he and his late wife Rosalynn co-founded in 1982 to “wage peace, fight disease, and build hope”. Mrs Carter, who died last year aged 96, had played a more active role in her husband’s presidency than previous first ladies, with Mr Carter saying she had been “my equal partner in everything I ever accomplished”. Earlier this year, on his 100th birthday, Mr Carter received a private congratulatory message from the King, expressing admiration for his life of public service.
By Abby Badach Doyle, NerdWallet It won’t be impossible to buy a house in 2025 — just be prepared to play on hard mode. According to a November 2024 report from ICE Mortgage Technology, the monthly principal and interest payment on an average-priced home is $2,385. While that’s not the highest it’s ever been, it’s still a sharp increase — nearly 80% — from just three years ago. In November 2021, when mortgage rates averaged 3%, the monthly principal and interest on an average-priced home was $1,327 per month. So here’s the key to buying in 2025: Look ahead, not back. Regret won’t help you budget for today’s new normal. And with this year’s election also in the rearview mirror, so is some uncertainty among buyers and sellers that historically slows the market during every presidential election cycle. “People have just been kind of sitting waiting to see what’s going to happen,” says Courtney Johnson Rose, president of the National Association of Real Estate Brokers, an industry group for Black real estate agents. “I’m hopeful that the new year will bring more attention to real estate, more excitement to real estate, and more opportunities for first-time home owners to get in the game.” Preparing to buy a house is a lot like dressing for the weather. It’s easier when the outlook is sunny — but with some planning, you can gear up to face any condition. Here’s what housing market experts are forecasting for the upcoming year. Related Articles Real Estate | Homeowners insurance company to pull out of California condo, rental markets Real Estate | California nets large population increase in 2024 — nearly returning to pre-pandemic level Real Estate | Average rate on 30-year mortgage snaps 3-week slide and rises to highest level since late November Real Estate | US home sales hit fastest pace since March with more properties up for sale Real Estate | Leader who helped SJSU become economic dynamo heads to East Bay school First, home prices: We’ll likely see more modest growth in 2025, a change from skyrocketing prices in recent years. After 16 consecutive months of year-over-year price increases, the median existing-home sales price hit $407,200 in October, according to the National Association of Realtors. In 2025, with more supply trickling in to temper price increases, NAR chief economist Lawrence Yun forecasts a median existing-home sales price of $410,700, up just 2% over this year. Next, housing inventory: Demand still outpaces supply. While we don’t expect a return to a buyer’s market, competition should be less cutthroat. Realtor.com forecasts a balanced market in 2025 with an average 4.1-month supply of homes for sale, up from an average 3.7-month supply so far in 2024. That would make 2025 the friendliest market for buyers since 2016, which had an average 4.4-month supply. Finally, mortgage rates: After topping 8% in October 2023, the 30-year mortgage rate has slowly eased into the 6.5%-7% range this year. Rate cuts from the Federal Reserve have helped nudge that downward. Despite earlier optimism, forecasters’ latest consensus is for rates to effectively plateau above 6% throughout 2025. That said, every year has its wild cards. In 2025, it’s still uncertain how President-elect Donald Trump and a Republican-led Congress might shake up regulations and tax policies that affect the U.S. housing market. National forecasts don’t analyze what matters most: Your personal cash flow. To get ready to buy, first meet with a financial advisor or use an online calculator to determine how much house you can afford . You can also get free or low-cost advice from a housing counselor sponsored by the U.S. Department of Housing and Urban Development (HUD). Next, look into down payment and closing cost assistance from state housing finance agencies, local governments, nonprofits and mortgage lenders. Your employer or labor union might offer assistance, too. First-time buyers with income below their area median have the most options, but repeat or higher-income borrowers can qualify for some programs as well. “I think that there’s a lot of free money being left out there,” Rose says. Your not-so-secret weapon for buying in 2025 just might be an experienced buyer’s agent. “Anybody can write a contract,” says Sharon Parker, associate broker with Tate & Foss Sotheby’s International Realty in Rye, New Hampshire. “But you need somebody who’s seen the market, the ups and downs, who knows how to get creative because every transaction is different.” Following a settlement with the NAR , buyers can now negotiate their agent’s compensation up front. (Previously, home sellers took on that task.) While new norms are still shaking out, Rose says she hasn’t seen too much drama since the change took effect in August. “So as long as buyers remember that we have to talk about this in the beginning of our relationship, everything typically works out fine,” she says. Finally, it’s time to shop for a mortgage. To get the best interest rate, get a quote with at least three different lenders. You could also delegate the shopping to a mortgage broker, who can compare quotes and even negotiate a lower rate on your behalf. Though brokers charge a fee, their access to more mortgage options and lower rates can often mean net savings overall. With a mortgage preapproval in hand, it’s go time. And you don’t have to wait until spring: If you’re ready to buy now, buyers have less competition and more negotiating power from December through February, so you could snag a deal. “The people who are selling and the people who are buying in the off season are very serious,” Parker says. “They’re not just lookie-loos.” However, lower inventory means fewer choices for buyers. So start your search prepared to compromise — a “good enough” house will still help you build equity. If a down payment or monthly mortgage payment is financially out of reach, there’s no shame in postponing your search to pad your savings. And owning a home isn’t the right lifestyle choice for everyone, with the ongoing commitment of money and time. But once you’re ready to buy — whether for the first time, or to upgrade or downsize — avoid the trap of waiting for a dip in mortgage rates. “Nobody can predict what the market, or the world, is going to do,” Parker says. “There is no better time than right now.” Mortgage rates will always fluctuate, and if they drop significantly, you can refinance. For first-time buyers, homeownership is a major financial glow-up — and the sooner you jump in, the longer you’ll have to build home equity. “Time value of money is really, really critical when it comes to real estate,” Rose says. “So I would always encourage somebody to buy as soon as you can and get the clock ticking.” More From NerdWallet Abby Badach Doyle writes for NerdWallet. Email: abadachdoyle@nerdwallet.com. The article Buying a House in 2025: Your How-To Guide originally appeared on NerdWallet .
As Donald Trump’s return to the White House looms, so does the specter of another trade war, and Canada seems to be sharpening its economic arsenal. Rumors are swirling in Ottawa about potential export taxes on uranium, oil, and potash—the very lifeblood of American industry. It’s a chess move that some say reeks of desperation. Others may call it a cold calculation aimed squarely at a president who might just be bold enough to drag his neighbors into a tariff-fueled skirmish. Export levies would be a last resort, insiders insist, but a follow-through would demonstrate that Canada indeed knows how to twist the knife. Some U.S. refiners, particularly in the Midwest, run largely on cheap Canadian crude. America’s nuclear reactors sip on uranium sourced almost exclusively from Saskatchewan’s rich veins. American farmers depend on Canada’s potash. A tax on these commodities could bite deep into supply chains and consumer wallets. The Western provinces of Canada, however, are having none of it. Conservative provincial leaders in oil-rich Alberta and potash-heavy Saskatchewan have labeled the idea of export taxes everything from "terrible" to outright "betrayal." Their vocal opposition underscores the political grenade Prime Minister Justin Trudeau is juggling: keeping his progressive base happy while not alienating voters in the resource-dependent heartlands. Meanwhile, Ontario Premier Doug Ford has made it clear he’s ready to pull the plug—literally—by threatening to cut off energy exports to the U.S. All this, of course, comes amid a backdrop of rising Chinese influence in critical minerals and a U.S. increasingly reliant on Canadian resources to hedge against Beijing. A messy divorce from its top trading partner would leave Washington scrambling—and Trudeau knows it. Whether this brinkmanship leads to compromise or conflagration, apparently only pundits can say.Analysis: Week 12 full of sloppy play, especially on special teams
Provides 2000 A15 Hydro Bitcoin mining machines in initial order Continues global expansion with addition of new customer SINGAPORE , Dec. 12, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that Canaan Creative Global Pte. Ltd. ("CCG"), a wholly owned Singapore subsidiary of the Company, has entered into a purchase agreement with AGM Group Holdings Inc. ("AGMH"), an integrated technology company specializing in fintech software services and production of high-performance hardware and computing equipment, for its Avalon A15 HydU 370T ("A15 Hydro") mining machines. As part of the agreement, Canaan will initially provide 2,000 Bitcoin mining machines to AGMH. The Company has also agreed to provide its customer with an option to acquire approximately 30,000 additional BTC mining units, potentially providing AGMH with a combined power capacity not exceeding 300 megawatts. The Avalon Miner A15 Hydro enhances the miner's performance and lifespan while reducing energy consumption and noise pollution, aligning with Canaan's ESG (Environmental, Social, and Governance) strategy. About Canaan Inc. Established in 2013, Canaan Inc. (NASDAQ: CAN), is a technology company focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services. Canaan has extensive experience in chip design and streamlined production in the ASIC field. In 2013, Canaan's founding team shipped to its customers the world's first batch of mining machines incorporating ASIC technology in bitcoin 's history under the brand name Avalon. In 2019, Canaan completed its initial public offering on the Nasdaq Global Market. To learn more about Canaan, please visit https://www.canaan.io/ . Safe Harbor Statement This announcement contains forward−looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward−looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as Canaan Inc.'s strategic and operational plans, contain forward−looking statements. Canaan Inc. may also make written or oral forward−looking statements in its periodic reports to the U.S. Securities and Exchange Commission ("SEC") on Forms 20−F and 6−K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Canaan Inc.'s beliefs and expectations, are forward−looking statements. Forward−looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the Company's goals and strategies; the Company's future business development, financial condition and results of operations; the expected growth of the bitcoin industry and the price of bitcoin ; the Company's expectations regarding demand for and market acceptance of its products, especially its bitcoin mining machines; the Company's expectations regarding maintaining and strengthening its relationships with production partners and customers; the Company's investment plans and strategies, fluctuations in the Company's quarterly operating results; competition in its industry; and relevant government policies and regulations relating to the Company and cryptocurrency . Further information regarding these and other risks is included in the Company's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Canaan Inc. does not undertake any obligation to update any forward−looking statement, except as required under applicable law. Investor Relations Contacts Canaan Inc. Xi Zhang Email: IR@canaan-creative.com ICR, LLC. Robin Yang Tel: +1 (347) 396-3281 Email: canaan.ir@icrinc.com View original content: https://www.prnewswire.com/news-releases/canaan-inc-signs-agreement-with-agm-group-holdings-inc-302330362.html SOURCE Canaan Inc.Gaming Meets Aviation! How Archer Aviation is Changing the Game
NEW YORK (AP) — U.S. stocks rose to records Tuesday after Donald Trump’s latest talk about tariffs created only some ripples on Wall Street, even if they could roil the global economy were they to take effect. The S&P 500 climbed 0.6% to top the all-time high it set a couple weeks ago. The Dow Jones Industrial Average added 123 points, or 0.3%, to its own record set the day before, while the Nasdaq composite gained 0.6% as Microsoft and Big Tech led the way. 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Courthouse lighting ceremony planned for Sunday No change in bond amounts in child abuse death case Board of Supervisors denies permit for Filley telecom tower Stock markets abroad mostly fell after President-elect Trump said he plans to impose sweeping new tariffs on Mexico, Canada and China once he takes office. But the movements were mostly modest. Stock indexes were down 0.1% in Shanghai and nearly flat in Hong Kong, while Canada’s main index edged down by less than 0.1%. Trump has often praised the use of tariffs , but investors are weighing whether his latest threat will actually become policy or is just an opening point for negotiations. For now, the market seems to be taking it more as the latter. The consequences otherwise for markets and the global economy could be painful. Unless the United States can prepare alternatives for the autos, energy products and other goods that come from Mexico, Canada and China, such tariffs would raise the price of imported items all at once and make households poorer, according to Carl Weinberg and Rubeela Farooqi, economists at High Frequency Economics. They would also hurt profit margins for U.S. companies, while raising the threat of retaliatory tariffs by other countries. And unlike tariffs in Trump’s first term, his latest proposal would affect products across the board. General Motors sank 9%, and Ford Motor fell 2.6% because both import automobiles from Mexico. Constellation Brands, which sells Modelo and other Mexican beer brands in the United States, dropped 3.3%. The value of the Mexican peso fell 1.8% against the U.S. dollar. Beyond the pain such tariffs would cause U.S. households and businesses, they could also push the Federal Reserve to slow or even halt its cuts to interest rates. The Fed had just begun easing its main interest rate from a two-decade high a couple months ago to offer support for the job market . While lower interest rates can boost the economy, they can also offer more fuel for inflation. “Many” officials at the Fed’s last meeting earlier this month said they should lower rates gradually, according to minutes of the meeting released Tuesday afternoon. The talk about tariffs overshadowed another mixed set of profit reports from U.S. retailers that answered few questions about how much more shoppers can keep spending. They’ll need to stay resilient after helping the economy avoid a recession, despite the high interest rates imposed by the Fed to get inflation under control. A report on Tuesday from the Conference Board said confidence among U.S. consumers improved in November, but not by as much as economists expected. Kohl’s tumbled 17% after its results for the latest quarter fell short of analysts’ expectations. CEO Tom Kingsbury said sales remain soft for apparel and footwear. A day earlier, Kingsbury said he plans to step down as CEO in January. Ashley Buchanan, CEO of Michaels and a retail veteran, will replace him. Best Buy fell 4.9% after likewise falling short of analysts’ expectations. Dick’s Sporting Goods topped forecasts for the latest quarter thanks to a strong back-to-school season, but its stock lost an early gain to fall 1.4%. Still, more stocks rose in the S&P 500 than fell. J.M. Smucker had one of the biggest gains and climbed 5.7% after topping analysts’ expectations for the latest quarter. CEO Mark Smucker credited strength for its Uncrustables, Meow Mix, Café Bustelo and Jif brands. Big Tech stocks also helped prop up U.S. indexes. Gains of 3.2% for Amazon and 2.2% for Microsoft were the two strongest forces lifting the S&P 500. All told, the S&P 500 rose 34.26 points to 6,021.63. The Dow gained 123.74 to 44,860.31, and the Nasdaq composite climbed 119.46 to 19,174.30. In the bond market, Treasury yields held relatively steady following their big drop from a day before driven by relief following Trump’s pick for Treasury secretary. The yield on the 10-year Treasury inched up to 4.29% from 4.28% late Monday, but it’s still well below the 4.41% level where it ended last week. In the crypto market, bitcoin continued to pull back after topping $99,000 for the first time late last week. It’s since dipped back toward $91,000, according to CoinDesk. It’s a sharp turnaround from the bonanza that initially took over the crypto market following Trump’s election. That boom had also appeared to have spilled into some corners of the stock market. Strategists at Barclays Capital pointed to stocks of unprofitable companies, along with other areas that can be caught up in bursts of optimism by smaller-pocketed “retail” investors. AP Business Writer Elaine Kurtenbach contributed. Copyright 2024 The Associated Press. All rights reserved. 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Thiruvananthapuram: The 92nd Sivagiri pilgrimage is set to officially commence on Monday with a flag-hoisting ceremony at 7:30am. Sree Narayana Dharma Sangham Trust president Satchidananda Swami will hoist the flag. The official inauguration of the event will later be done by LSG minister MB Rajesh. Trust general secretary Swami Shubhananda will deliver the blessing speech, while Swami Asanganandagiri will lead a remembrance of Sree Narayana Guru . A series of conferences will mark the day, starting with an education conference, inaugurated by minister V Sivankutty. Finance minister K N Balagopal will inaugurate the science and technology conference at 2pm, which will be attended by prominent scientists Anantharamakrishnan and Achyuth Shankar S Nair. The evening will feature a conference on hygiene and higher education, presided over by Kadakampally Surendran MLA, while cultural programmes will be inaugurated by actor Mallika Sukumaran. The event will also feature a host of dignitaries, including Adoor Prakash MP, Ramesh Chennithala MLA, and former Union minister V Muraleedharan. This year the pilgrimage started on Dec 15 to ease crowding and it will conclude on Jan 5. Stay updated with the latest news on Times of India . Don't miss the yearly horoscope 2025 and Chinese horoscope 2025 for Rat , Ox , Tiger , Rabbit , Dragon , Snake , Horse , Goat , Monkey , Rooster , Dog , and Pig zodiac signs. Spread love this holiday season with these New Year wishes and messages .UnitedHealth: Don't Let The Market Fool You