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Over the past four years, billionaires have been on the move. In 2020, there was a spike in the number of people relocating because of the Covid-19 outbreak, and the billionaire population was no exception. According to a new report by UBS, which tracks the wealth among the world’s most high-net-worth individuals, 176 billionaires started to relocate more frequently since the beginning of the pandemic—or approximately one out of every 15, Bloomberg reporte d . But where exactly are they headed? The banking institution identified the Middle East and Africa as the most desirable destinations for billionaires; those with a combined net worth of over $400 billion moved to the region in the past four years. Switzerland , the United Arab Emirates , Singapore , and the U.S. were also named among the top spots due to their health care and education programs. “The shock of the pandemic put a premium on first-class healthcare, while young families increasingly value excellent education and a safe environment,” the report noted. “As a group, billionaires are aging, and their families are growing. Naturally, healthcare and education become more important. They may also want to live in jurisdictions where legal structures support wealth transfer.” In terms of which pockets of the world experienced the biggest outflow of superrich residents, Eastern Europe logged a loss of 29 billionaires between 2020 and 2024 following the Russian invasion of Ukraine that started in 2022. Central and South America, Oceania, and Southeast Asia also recorded net losses. “People are relocating to jurisdictions not just for tax benefits, but also for safety and political reasons,” a U.S. billionaire explained to the report’s authors. “I moved several years ago with my family to a country, state, and city that affords the benefits most seek. Unless the political divide addresses failed policies that have yet to curb crime, lack of rule of law and safety, as well as fostering an economic climate that unleashes potential, I fear the trend will continue.” The Swiss bank also found that in the 10 years between 2015 and 2024, the total billionaire wealth rose by a whopping 121 percent globally from $6.3 trillion to $14 trillion. In that decade, the actual number of billionaires skyrocketed by 50 percent from 1,757 to 2,682. Interestingly, the peak was reached in 2021 when the world had a record 2,686 billionaires.President-elect Donald Trump is keeping secret the names of donors who are funding his transition effort, a break from tradition that could make it impossible to see what interest groups, businesses or wealthy people are helping launch his second term. Trump has so far declined to sign an agreement with the Biden administration that imposes strict limits on that fundraising in exchange for up to $7.2 million in federal funds earmarked for the transition. By dodging the agreement, Trump can raise unlimited amounts of money from unknown donors to pay for the staff, travel and office space involved in preparing to take over the government. Trump is the first president-elect to sidestep the restrictions, provoking alarm among ethics experts. Those seeking to curry favor with the incoming administration now have the opportunity to donate directly to the winning candidate without their names or potential conflicts ever entering the public sphere. And unlike with campaign contributions, foreign nationals are allowed to donate to the transition. “When the money isn’t disclosed, it’s not clear how much everybody is giving, who is giving it and what they are getting in return for their donations,” said Heath Brown, a professor of public policy at John Jay College of Criminal Justice who studies presidential transitions. “It’s an area where the vast majority of Americans would agree that they want to know who is paying that bill.” Trump’s transition team, led by Linda McMahon and Howard Lutnick, both of whom were nominated to Cabinet positions last week, has repeatedly said it intends to sign the agreements with the Biden administration, known as memorandums of understanding. But it blew past deadlines to do so in September and October, and nothing has indicated progress being made to that end in the two weeks since the election. The White House, which is obliged to offer the agreements to presidential candidates under a federal law known as the Presidential Transition Act, has said it is ready to assist the Trump transition to ensure a smooth handover of power. On Thursday, Sen. Elizabeth Warren, D-Mass., sent a letter to the Biden administration, raising concerns that the Trump transition’s failure to sign the agreements was “uncharted territory” that “threatens the American public.” She asked for an accounting of how the administration was engaging with the Trump transition on the agreements. “The Trump-Vance transition lawyers continue to constructively engage with the Biden-Harris administration lawyers regarding all agreements contemplated by the Presidential Transition Act,” Brian Hughes, a Trump transition spokesperson, said in a statement responding to queries about the status of negotiations with the Biden administration. Transition efforts help the president-elect with the complex task of taking over the federal government, including selecting thousands of potential political appointees. Previous transitions, including Trump’s before his first term, have signed the agreements. Trump’s transition team, formally known as Trump Vance 2025 Transition Inc., has revealed nothing about how much money it hopes to raise, who has contributed to the fund or how it is spending the money. The current Trump transition, like its predecessors, is set up as a “dark money” nonprofit. Those groups typically do not have to disclose their donors, even to the IRS. But unlike Trump’s team this year, earlier transitions accepted financial support from the General Services Administration, which oversees much of the transition process. In exchange for that federal money, they agreed to conditions that other dark-money nonprofits do not have to follow, like capping individual contributions at $5,000 and disclosing the names of their donors. When Barack Obama won the presidency in 2008, his transition raised $4.5 million while restricting donations to a maximum of $5,000, and pledging to refuse money from corporations, labor unions, political action committees, lobbyists and registered foreign agents. Nearly 60,000 people contributed, with an average donation of about $75. In 2020, the Biden transition set a fundraising goal of $7 million and brought in seasoned Democratic fundraisers to help. But when the General Services Administration, spurred on by Trump’s false claims that he had won the election, withheld government funding for weeks, private donations flooded in. By the time of the inauguration, Biden’s team had raised more than $22 million, with 450 employees on its books. Its disclosure report, released in February 2021, was more than 1,000 pages. Before the 2016 election, Trump relied on former New Jersey Gov. Chris Christie, a Republican, to run his transition. But, as journalist Bob Woodward later reported, when Trump discovered that Christie had been raising money to pay for that venture, Trump accused him of “stealing” from his campaign and “jinxing” his chances. Trump fired Christie immediately after the election, replacing him with his running mate, Mike Pence. The 2016 Trump transition, which did sign the agreement with the General Services Administration, had roughly 120 employees and ultimately disclosed raising $6.5 million and receiving $2.4 million in federal reimbursements. Trump used office space in Trump Tower to interview candidates during the transition, and filings show that his transition spent $258,000 on “rent and utilities,” though not who was paid. In 2018, that transition donated $150,000 in leftover money to another dark-money nonprofit, the 45 Alliance, which was meant to help Trump’s appointees and reportedly held a reception for them at what was then Trump’s hotel in Washington. The 2016 transition also paid some $1.8 million in legal fees, much of which was spent after Trump had been sworn in as president. In late 2017, for example, the transition challenged the government’s decision to hand over its emails to Robert Mueller, who was then the special counsel, during his investigation of Trump’s ties to Russia. The group also fought legal battles with New Jersey’s attorney general, which sued it for failing to register properly as a nonprofit with the state. That transition was eventually wound down and, as required by its settlement with New Jersey, donated the last of its funds to a charity, according to Kory Langhofer, a lawyer for the 2016 transition. The transition chose the Wounded Warrior Project, a nonprofit that helps veterans. That charity said it had received $17,478. Leading up to this year’s election, Trump’s campaign and groups supporting it raised more than $1 billion, according to federal records, including more than $100 million apiece from three billionaires: Timothy Mellon, Elon Musk and Miriam Adelson. But opportunities to curry favor with large contributions do not end on Election Day. A traditional post-campaign target has been the presidential inaugural committee, which, as an entity separate from both the campaign and the transition, raises money to fund the parties held to celebrate the handover of power. In 2016, Trump raised $107 million for his inaugural, including from 30 donations of $1 million each. The attorney general of the District of Columbia later sued, accusing the inaugural committee of misusing funds, including by overpaying for space at Trump’s Washington hotel. The suit was settled for $750,000. As with campaign donations, contributions to inaugural funds are regulated by the Federal Election Commission, which requires the inaugural committee to file detailed lists of donors. It also prohibits donations from foreign nationals. Transition funding is not regulated by the FEC. And IRS rules permit the nonprofits in question to accept donations from foreigners without public disclosure. Max Stier, the president of the Partnership for Public Service, which studies transition operations, said disclosure rules were intended to keep donors from using the transition fund to seek favorable treatment privately from the incoming administration before it even begins. “The transition government is a little like setting up the universe, pre-Big Bang,” Stier said. “It’s a lot of influence.” The Trump transition was registered in Florida in August by Jacob Roth, a lawyer for the Dhillon Law Group, a prominent Republican firm. This month, Roth also registered Trump’s inaugural fund in Florida, and the inauguration group began seeking individual donations, from $50,000 to $1 million, a fundraising flyer reviewed by The New York Times shows. Roth did not respond to a request for comment. Because the transition has also failed to sign a separate agreement with the Justice Department, the FBI has been unable to conduct background checks needed to grant appointees security clearance. As a result, the transition is reportedly using private firms to vet candidates, leaving open the possibility that federal law enforcement may never properly review Trump appointees. The Trump transition has also left unsigned a memorandum of understanding with the White House that outlines how appointees and other staff members can gain physical access to federal agencies and classified information before Inauguration Day on Jan. 20. That agreement is contingent on the transition submitting and posting publicly an ethics plan that complies with federal law, including an explicit statement about Trump’s own plans to avoid potential conflicts of interest. It has so far not done so. Experts on presidential transitions say lawmakers did not appear to have anticipated that a presidential candidate would decline millions of dollars from the federal government or refuse to post an ethics code. In theory, the IRS could audit the Trump transition and ask it to provide information on its contributors, but even if it did, the agency would not make those names public. Brian Galle, a Georgetown University law professor who studies nonprofits, said he was skeptical the IRS would conduct an audit. “Given the political sensitivity of this organization,” Galle said, “I’d say the odds of their being audited are zero.” This article originally appeared in The New York Times .

Title: "Needle in a Haystack: Reckless Blame on the Road"The teacher, Mr. Johnson, had always been passionate about teaching and finding innovative ways to engage his students. One day, while preparing for a lesson on engine mechanics, he felt inspired to create a detailed cross-section drawing of an engine to help his students visualize its intricate components. Armed with colored markers and a whiteboard, he meticulously sketched out each part, explaining its function and significance along the way.It was during a chance encounter with a fellow traveler that I first heard about Portugal. The tales of its picturesque landscapes, rich history, and warm-hearted people captivated my imagination, sparking within me a newfound curiosity and desire to explore this enchanting country.

Liverpool are on fire: 6 consecutive wins in the Champions League, guaranteeing qualification with 5 points to spare, while 3 European powerhouses might miss out on the top 8.

Alex Ovechkin has a broken left fibula and is expected to be out four to six weeks, an injury that pauses the Washington Capitals superstar captain’s pursuit of Wayne Gretzky’s NHL career goals record. The Capitals updated Ovechkin’s status Thursday after he was evaluated by team doctors upon returning from a three-game trip. The 39-year-old broke the leg in a shin-on-shin collision Monday night with Utah’s Jack McBain, and some of his closest teammates knew it was not good news even before Ovechkin was listed as week-to-week and placed on injured reserve. “Everyone’s bummed out,” said winger Tom Wilson, who has played with Ovechkin since 2013. “We were sitting there saying: ‘This is weird. Like, it’s unbelievable that he’s actually hurt.’ It’s one of those things where, like, he’s going to miss games? I’ve been around a long time, and it’s new to me.” Ovechkin in his first 19 seasons missed 59 games — and just 35 because of injury. Durability even while throwing his body around with his physical style is a big reason he is on track to pass Gretzky’s mark of 894 goals that once looked unapproachable. “He doesn’t go out there and just coast around,” Wilson said. “He’s played 20 years every shift running over guys and skating. He’s a power forward, the best goal-scorer ever maybe, and he’s a power forward that plays the game really hard.” Ovechkin surged to the top of the league with 15 goals in his first 18 games this season. He was on pace to break the record and score No. 895 sometime in February. “You know when goal-scorers start scoring, it’s dangerous,” said defenseman John Carlson, who has been teammates with Ovechkin since 2009-10. “There was a bit of that in the downs that everyone was feeling about it, too, of course. We see him coming to the rink every day. We know what’s at stake. You never want anyone to get injured, but there’s a lot to it and certainly he was playing his best hockey in years.”Trump vows to block Japanese steelmaker from buying US Steel, pledges tax incentives and tariffs

New social media challenge

Wingstop Announces Additional $500 Million Share Repurchase AuthorizationMum torn over how to handle her daughter 'lying' and blaming it on their Elf on the Shelf

Now, with "Nezha: The Demon Child's Sea Adventure", the filmmakers are aiming to push the boundaries even further and deliver a sequel that surpasses its predecessor in every aspect. Set against the backdrop of the vast and tumultuous seas, the film promises to take viewers on an epic adventure filled with danger, discovery, and triumph. As Nezha embarks on a thrilling quest to uncover the secrets of the deep, he will encounter new allies and foes, face formidable challenges, and ultimately confront his destiny as the savior of the world.

Despite the trauma and hardship endured by the abandoned elderly group, their resilience and spirit serve as a testament to the power of community and solidarity in times of adversity. It is only through unity and compassion that we can strive to create a safer and more inclusive society for all.

The ramifications of the investigation were swift and severe, as investors rushed to offload their shares in NVIDIA, resulting in a massive sell-off that led to the company's market value plummeting by $89 billion in a single night. The freefall in stock prices sent shockwaves through the financial community, erasing years of gains and leaving many stakeholders reeling from the unprecedented loss.Social commerce is on the rise in the United States, with TikTok leading the way by raking in over a billion dollars during the Black Friday shopping frenzy. This success has raised the question of whether this "feast" can be sustained in the long term.The journey of Liverpool in the Champions League this season has been nothing short of spectacular. Starting with a sensational victory over AC Milan in their opening match, Liverpool has maintained their winning streak and displayed exceptional teamwork, skill, and determination on the field. The attacking trio of Mohamed Salah, Sadio Mane, and Diogo Jota has been in scintillating form, terrorizing opposition defenses and scoring goals for fun.

Thirteenth month salaries, on the other hand, are typically paid out either in December or before major holidays such as Christmas or New Year. The calculation of thirteenth month salaries is more straightforward, as it is usually a fixed amount based on the employee's monthly salary. In some countries, the thirteenth month salary may be prorated based on the employee's length of service within the year.

Texas A&M signed the nation’s top-ranked recruiting class three years ago believing it had built a potential national title contender. Plenty of players from that heralded 2022 class could indeed be participating in the first 12-team College Football Playoff this month. They just won’t be doing it for the Aggies, who no longer have nearly half their 2022 signees. The list of 2022 recruits now with playoff contenders elsewhere includes Mississippi defensive lineman Walter Nolen, Oregon wide receiver Evan Stewart, Alabama defensive lineman LT Overton, SMU offensive tackle PJ Williams and injured Boise State receiver Chris Marshall. Texas A&M has done all right without them, going 8-4 as transfers filled about half the starting roles. Texas A&M represents perhaps the clearest example of how recruiting and roster construction have changed in the era of loosened transfer restrictions. Coaches must assemble high school classes without always knowing which of their own players are transferring and what players from other schools could be available through the portal. “It used to be you lost 20 seniors, you signed 20 incoming freshmen,” Duke coach Manny Diaz said. “You just had your numbers right. Now you might lose 20 seniors, but you might lose 20 underclassmen. You just don’t know.” Is high school recruiting losing value? Coaches emphasize that high school recruiting remains critical, but recent results suggest it isn’t as vital as before. The last two College Football Playoff runners-up – TCU in 2022 and Washington in 2023 – didn’t sign a single top-15 class in any of the four years leading up their postseason runs, according to composite rankings of recruiting sites compiled by 247Sports. This year’s contenders have shown there’s more than one way to build a championship-caliber roster. About half of No. 1 Oregon’s usual starters began their college careers elsewhere. No. 5 Georgia, which annually signs one of the nation’s top high school classes, has only a few transfers making major contributions. Colorado’s rise under Deion Sanders exemplifies how a team can win without elite high school recruiting. None of Colorado’s last four classes have ranked higher than 30th in the 247Sports Composite. Three ranked 47th or lower. “If anybody ever did the homework and the statistics of these young men – people have a class that they say is the No. 1 class in the nation – then five of those guys play, or four of those guys play, then the rest go through the spring and then they jump in the portal,” Sanders said. “Don’t give me the number of where you rank (in recruiting standings), because it’s like an NFL team," he added. "You always say who won the draft, then the team gets killed all year (and) you don’t say nothing else about it. Who won the draft last year in the NFL? Nobody cares right now, right?” The busy transfer portal Star quarterback Shedeur Sanders followed his father from Jackson State to Colorado in 2023, and Heisman Trophy front-runner Travis Hunter accompanied them. According to Colorado, this year’s Buffaloes team has 50 transfer newcomers, trailing only North Texas’ 54 among Bowl Subdivision programs. Relying on transfers comes with caveats. Consider Florida State's rise and fall. Florida State posted an unbeaten regular-season record last year with transfers playing leading roles. When those transfers departed and Florida State's portal additions this year didn't work out, the Seminoles went 2-10. “There has to be some type of balance between the transfer portal and high school recruiting,” said Andrew Ivins, the director of scouting for 247Sports. “I compare it to the NFL. The players from the transfer portal are your free agents and high school recruiting is your NFL draft picks.” A look at the composite rankings of recruiting sites compiled by 247Sports for the 2020-22 classes shows at least 40 of the top 100 prospects each of those years ended up leaving their original school. Coaches must decide which positions they’re better off building with high school prospects and which spots might be easier to fill through the portal. “The ones that have a ton of learning to do - tight end, quarterback, interior offensive line, inside linebacker, safety, where they are the communicators - they are the guys that are processing a lot of information,” Florida’s Billy Napier said. “Those are the ones in a perfect world you have around for a while. “It’s easier to play defensive line, edge, corner, receiver, running back, tackle, specialists. Those are a little bit more plug-and-play I’d say, in my opinion," Napier said. "Either way, it’s not necessarily about that. It’s just about we need a certain number at each spot, and we do the best we can to fill those roles.” Transfer portal ripple effects Power Four programs aren’t the only ones facing a balancing act between recruiting high schools and mining the transfer portal. Group of Five schools encounter similar challenges. “We’re recruiting every position and bringing in a high school class,” Eastern Michigan coach Chris Creighton said. “That’s not going to be maybe 24 scholarship guys like it used to be. It might be more like 16. It’s not four d-linemen necessarily, right? It might be three. It might not be three receivers. It might be two. And it might not be five offensive linemen. It’s two to three.” The extra hurdle Group of Five schools face is the possibility their top performers might leave for a power-conference program with more lucrative name, image and likeness financial opportunities. They sometimes don’t know which players they’ll lose. “We know who they’re trying to steal,” Miami (Ohio) coach Chuck Martin quipped. “We just don’t know who they’re going to steal.” The obstacles facing coaches are only getting steeper as FBS teams prepare for a 105-man roster limit as part of the fallout from a pending $2.8 billion NCAA antitrust settlement. While having 105 players on scholarship seems like an upgrade from the current 85-man scholarship limit, many rosters have about 125 players once walk-ons are included. Nebraska coach Matt Rhule said last week his program would probably end up with about 30-50 players in the portal due to the new roster restrictions. Is there college free agency? All the added dimensions to roster construction in the college game have drawn parallels to the NFL, but Minnesota coach P.J. Fleck believes those comparisons are misleading. “When people talk about college football right now, they’re saying, ‘Oh, we have an NFL model,’ or it’s kind of moving toward the NFL,” Fleck said. “First of all, it’s nothing like the NFL. There’s a collective bargaining agreement (in the NFL). There’s a true salary cap for everybody. It’s designed for all 32 fan bases to win the Super Bowl maybe once every 32 years – and I know other people are winning that a lot more than others – but that’s how it’s designed. In college football, it’s not that way.” There does seem to be a bit more competitive balance than before. The emergence of TCU and Washington the last couple of postseasons indicates this new era of college football has produced more unpredictability. Yet it’s also created many more challenges as coaches try to figure out how to put together their rosters. “It’s difficult because we’re just kind of inventing it on the fly, right?” Diaz said.NoneNone