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No. 7 Bearettes maul competitionDavid Beckham called Kath Phipps “the heartbeat of Manchester United” as tributes from players past and present poured in following the long-serving receptionist’s death at the age of 85. A lifelong fan, she was an immensely popular figure with players, managers and staff at a club she joined four months after Sir Matt Busby led them to European Cup glory in 1968. Phipps initially worked at Old Trafford in the stadium offices and on matchdays, before Sir Alex Ferguson brought her to their Carrington training ground in 2000. The United great presented her with the League Managers Association’s Service to Football award in 2022, when Beckham was among those to pay tribute. “Forever in our hearts...,” the former midfielder posted on Instagram with a photo holding Phipps’ hand. “The first and last face I would always see was Kath sat at reception at Old Trafford waiting to give me my tickets for the game. “She was the heartbeat of Manchester United, everyone knew who Kath was and everyone adored her. “I moved up to Manchester at 15 and Kath made a promise to my mum and dad ‘I’ll look after your boy for you don’t you worry’ and from that first day till the last day I spent with her that’s exactly what she did. “Old Trafford will never be the same without your smile as we walk through those doors... We love you.” The club confirmed Phipps’ death on Thursday, leading to a flood of tributes on social media from those that worked with her. United’s record goalscorer Wayne Rooney said: “The heart and soul of Manchester United. Everything what the club is about. “A legend who will be greatly missed. Thanks for the memories Kathy. Thoughts with family and friends.” Fellow United former player Patrice Evra said “losing a family member (is) never easy” alongside a photo with Phipps, who David De Gea thanked “for taking care of everyone”. Ex-United defender Rio Ferdinand said: “An absolute mainstay of Manchester United... Always welcomed me and everyone else who visited with a warm smile! Looked at life positively, incredibly selfless & would put others first! RIP.” Current squad members were also quick to pay their respects to Phipps. United skipper Bruno Fernandes reposted the club’s announcement with a heart emoji and Marcus Rashford said: “Awful news, admired by all at the club and beyond, you will be missed.” United defender Harry Maguire posted: “A legend that will never be forgotten. I will miss you. We will miss you. RIP Kath.” Right-back Diogo Dalot wrote: “We love you Kath. Thank you for showing everyday what this club is about and taking care of us.” Jadon Sancho, who is on loan at Chelsea ahead of a permanent United exit, said of Phipps: “I’m grateful that I’ve had the pleasure of meeting you, such a lovely kind hearted soul. “She always made sure I was OK and always put a smile on my face whenever I felt down, I appreciate you Kath. My condolences go out to her family through this tough time.” United have yet to confirm what tribute will be paid at Saturday’s Premier League match against Nottingham Forest. “An omnipresent figure at Manchester United since the late 1960s, Kath worked for the club for over 55 years in a variety of roles, but her contribution went beyond any particular job title. “Kath was a one-woman institution, whose memory will be cherished by everyone at the club who had the privilege of knowing her. “She said last year: ‘I can’t imagine doing anything else’. Well, we can’t imagine the place without her.”
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South Korean President Yoon Suk Yeol's brief imposition of martial law marks a new warning for the worldwide fragility of democracy, even in a country hailed as a model of political transformation. Yoon's overnight attempt to shut down political activity, censor media and lock out opposition lawmakers stunned South Korea's longtime ally, the United States, which said it had no advance warning and issued a statement of concern. South Korea's transition to elected rule since a mass uprising in 1987 had been seen as so thorough that the United States increasingly spoke of its ally as a global partner. Meanwhile, Seoul billed itself as a new, ideal hub for international media as China clamped down on Hong Kong. President Joe Biden had even chosen Yoon as the host in March of his final Summit for Democracy -- a signature initiative of the outgoing US leader, who sought to champion liberal values globally, in an unstated repudiation of Donald Trump, who returns to the White House next month. But observers, while stunned by Yoon, said there were warning signs. Danny Russel, a top US diplomat for Asia under former president Barack Obama and who earlier served in South Korea, pointed to the deadlock in parliament where the opposition repeatedly sought impeachments against Yoon's administration. Yoon's move "was a complete surprise to me (but) yes, there were very obvious structural forces at work," he said. "There is a radically polarized political scene in Korea. The opposition has been pursuing scorched-earth political obstruction tactics," he said. But he pointed to the quick, large-scale protests that erupted after Yoon's declaration as a sign of a vibrant civil society ready to defend democracy. "One certainly would hope that this would serve as a wake-up call to both the ruling conservative party and the progressive opposition that both sides have gone too far and that there needs to be some process of reconciliation, of dealing with legitimate differences and grievances." Yoon himself had earlier shown signs of authoritarianism. In a national address last year, Yoon raged against supposed communists who have "disguised themselves as democracy activists, human rights advocates or progressive activists." A prosecutor, Yoon narrowly won the 2022 election on a platform of economic reform and advocated close ties with the United States as well as historic rival Japan. But his popularity swiftly slid and the opposition won the National Assembly. Celeste Arrington, a Korea expert at George Washington University, noted that Yoon had never held elected office before and had become increasingly frustrated. "This is really an extreme move that may signal, I think, the president's lack of political experience," she said. She said that martial law showed "some cracks in democracy" but that the quick reversal "gives me hope in the health and strength and vibrancy of democracy in South Korea." Bruce Klingner, a senior research fellow at the conservative Heritage Foundation, expected Yoon's career to be over after attempting martial law, which constitutionally can only be imposed for wars or other emergencies. "Yoon's action is a damning reversal to decades of South Korean efforts to put its authoritarian past behind it," he said. The number of democracies worldwide soared starting in the late 1980s as the Soviet Union collapsed and student-led uprisings brought reforms elsewhere. But globally, democracy has been in retreat for the last 18 straight years, according to the Washington-based group Freedom House, which promotes political liberty. Democratically elected leaders have taken increasingly authoritarian steps in countries as diverse as India, Turkey and Hungary. V-Dem, another closely watched democracy index, had most recently ranked South Korea third in Asia after Taiwan and Japan. In the United States, Trump has rejected long-held norms, refusing to accept he lost to Biden four years ago -- culminating in his supporters violently rampaging through the US Capitol. Trump's rejection of democracy ultimately worked out for him: campaigning on the rage of 2020, he won last month's election. But experts said Yoon's power play -- and its reversal -- could in fact show a victory for democratic values. "Yoon is a deeply unpopular and ineffectual leader, but there was nothing I saw of people being dissatisfied with the way government runs," Alan Yu, a senior vice president at the left-leaning Center for American Progress, said after a recent trip to Seoul. Darcie Draudt-Vejares of the Carnegie Endowment for International Peace, said that with the swift response to Yoon, "this crisis may ultimately strengthen Korean democracy by reaffirming civilian control and demonstrating institutional resilience." sct/nroBrisbane news live: Man jailed for stabbing police officer who put gun away
Bipartisanship shouldn't be a dirty word
Ukraine must be in strong position for negotiations, Starmer saysSomething unexpected – but hardly unprecedented – happened in South Korea on December 3, 2024. With little warning, President Yoon Suk Yeol declared , citing the threat from “pro-North Korean anti-state forces.” The move, which appeared more about curtailing efforts by the main opposition – the center-left Democratic Party – to frustrate Yoon’s policy agenda through the DP’s control of the National Assembly, left . As one Seoul resident : “It feels like a coup d’état.” That interviewee wasn’t far off. As scholars of the of , we have spent countless hours since World War II. Yoon’s short-lived martial law declaration – it lasted just a few hours before being lifted – was an example of what political scientists call an “autogolpe,” or to give the phenomenon its English name, a “self-coup.” Our that self-coups are becoming more common, with more in the past decade compared with any other 10-year period since the end of World War II. What follows is a primer on why that’s happening, what self-coups involve – and why, unlike in around 80% of self-coups, Yoon’s gambit failed. The components of a self-coup All coup attempts share some characteristics. Each involves an attempt to seize executive power and entails a concrete, observable and illegal action by military or civilian personnel. In a regular coup, those responsible will attempt to take power from an incumbent or presumptive leader. Historically, most coups have been perpetrated, or at least supported, by military actors. A classic example is when the Chilean army under General Augusto Pinochet of Salvador Allende in 1973 and imposed military rule. Some coups, however, are led by leaders themselves. These self-coups are coups in reverse. Rather than the leader of the country being replaced in an unconstitutional manner, the incumbent executive takes or sponsors illegal actions against other people in the regime – for example, the courts or parliament – with the goal of staying in office longer or expanding power. This may take the form of a chief executive using troops to shut down the legislature, as Yoon tried unsuccessfully to do in South Korea. Others have had more success; Tunisian President orchestrated a self-coup in July 2021 by dismissing parliament and the judiciary to pave the way for expanding his presidential power. More than three years on, Saied remains in power. Alternatively, a leader may try to to overturn an election loss. We saw this happen with after the 2020 U.S. presidential election, and as such we include his attempt to pressure local officials – and then-Vice President Mike Pence – to overturn the election result in our list of “self-coup attempts.” The varieties of self-coup methods But not all are self-coups. For example, if a president gets the legislature to extend presidential term limits and the courts approve – as Bolivian President did in 2017 – this may be a blow to executive constraints and democracy, but we don’t consider it a coup since the procedure for changing the law is constitutional. In all, we have recorded 46 self-coups since 1945 by democratically elected leaders in the forthcoming dataset, including the latest attempt in South Korea. Our self-coup data was compiled over the past three years with the aid of some enterprising undergraduate students at Carnegie Mellon University. Reviewing the circumstance – and outcomes – of these incidents helps us identify the most common characteristics of self-coups. Yoon’s actions in South Korea were typical in some ways but not in others. Over half of self-coup attempts in democratic countries target the judiciary or the legislature, while around 40% explicitly seek to undermine democratic elections or prevent election winners from taking office. The rest target other regime elites or a nominal executive. Yoon declared martial law to grab executive power from an opposition-led legislature. Interestingly, only a quarter of self-coup attempts in democracies involve such emergency declarations. Much more common are attacks on opposition parties and leaders and election interference. Approximaely one in every five self-coup leaders suspends or annuls the constitution. Relatively few self-coup attempts in democracies involve attempts to evade term limits, though self-coups that result in so-called “ ” are becoming more common in Africa. Why are self-coups on the rise? Coups and self-coups are two of the most common ways democracies die, though their relative frequencies have changed over time. Whereas coups were the leading cause of democratic breakdown during the Cold War, self-coups have become the leading cause since the fall of the Soviet Union in the early 1990s. A third of all self-coup attempts by democratically elected leaders since 1946 have occurred in just the past decade. Though more research is needed to account for the recent rise of self-coups, we believe part of the answer lies in the – in which democracies punish coup leaders by withholding recognition, foreign aid or trade deals – and the globally. Why do self-coups fail? A president or prime minister who attempts a self-coup presumably thinks there is a good chance of success – otherwise, the leader probably wouldn’t attempt a coup in the first place. The fact that Yoon launched his self-coup bid seemingly is very unusual. While only half of traditional coup attempts succeed, more than four out of five self-coup attempts by democratically elected leaders succeed, according to our data. So what went wrong for Yoon in South Korea? Coup success a lot of people, including partisan allies and military elites. Although overt military support of the kind Yoon initially received is helpful, it is not always decisive. Most self-coup failures happen when military and party elites defect. The reasons for these defections tend to involve a mix of structural and contingent factors. When masses of people pour into the streets to oppose the coup, military members can get nervous and defect. And international condemnation of the coup can certainly help overturn self-coup attempts. Public support for democracy also helps. That’s why self-coups typically don’t happen in long-established democracies like the United States that have accumulated “ ” – the stock of civic and social assets that grows with a long history of democracy. South Korea, although a military dictatorship from 1961 to 1987, has had decades of democratic rule. And the system worked in South Korea when it was threatened. Party leaders united to vote against Yoon. That contrasts with successful self-coups in the country by and . What happens to failed self-coup leaders? Rarely have failed self-coup leaders remained in office for long. The self-coups may lead them to be ousted by coup, as occurred to Haiti’s Dumarsais Estimé in May 1950. Or they may be impeached, as occurred with . According to our data, only one failed self-coup leader managed to hang on to office for more than a year to the end of hia term. Though not forced from office after the flawed 1994 Dominican elections, was forced to agree to new elections in 1996 in which he would not be a candidate. Odds are, then, that President Yoon’s days in power are numbered. Following his attempted self-coup, six opposition parties submitted an impeachment motion against the president. That motion needs of the National Assembly to pass. All 190 present members voted to end martial law, including 18 of the 108 members of Yoon’s party. Only a few more of the conservative party’s legislators would have to vote against Yoon for impeachment proceedings to advance. Threatened by a self-coup, South Korea’s democratic institutions – at least for now.
Wheel of Fortune contestants whiffing their bonus puzzles is nothing new, but on December 4’s episode, a player came up short on a $40,000 puzzle that left fans joking that she may never want to visit a Disney theme park again. The game show’s latest big miss involved Vandana Patel, an Indian fusion food expert from Chicago. She won the episode and proceeded to the coveted bonus round with $20,600, a trip to Florida, and the selection of “What Are You Wearing?” as her category. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.
Singh won't support Conservative non-confidence motion that uses his own wordsPresident El-Sisi Meets The Prime Minister And The Minister Of Communications & Information Technology (IT)
NEW YORK (AP) — U.S. stocks tiptoed to more records amid a mixed Tuesday of trading, tacking a touch more onto what’s already been a stellar year so far. The S&P 500 edged up by 2 points, or less than 0.1%, to set an all-time high for the 55th time this year. It’s climbed in 10 of the last 11 days and is on track for one of its best years since the turn of the millennium. The Dow Jones Industrial Average slipped 76 points, or 0.2%, while the Nasdaq composite added 0.4% to its own record set a day earlier. AT&T rose 4.6% after it boosted its profit forecast for the year. It also announced a $10 billion plan to send cash to its investors by buying back its own stock, while saying it expects to authorize another $10 billion of repurchases in 2027. On the losing end of Wall Street was U.S. Steel, which fell 8%. President-elect Donald Trump reiterated on social media that he would not let Japan’s Nippon Steel take over the iconic Pennsylvania steelmaker. Nippon Steel announced plans last December to buy the Pittsburgh-based steel producer for $14.1 billion in cash, raising concerns about what the transaction could mean for unionized workers, supply chains and U.S. national security. Earlier this year, President Joe Biden also came out against the acquisition. Tesla sank 1.6% after a judge in Delaware reaffirmed a previous ruling that the electric car maker must revoke Elon Musk’s multibillion-dollar pay package. The judge denied a request by attorneys for Musk and Tesla’s corporate directors to vacate her ruling earlier this year requiring the company to rescind the unprecedented pay package. All told, the S&P 500 rose 2.73 points to 6,049.88. The Dow fell 76.47 to 44,705.53, and the Nasdaq composite gained 76.96 to 19,480.91. In the bond market, Treasury yields held relatively steady after a report showed U.S. employers were advertising slightly more job openings at the end of October than a month earlier. Continued strength there would raise optimism that the economy could remain out of a recession that many investors had earlier worried was inevitable. The yield on the 10-year Treasury rose to 4.23% from 4.20% from late Monday. Yields have seesawed since Election Day amid worries that Trump’s preferences for lower tax rates and bigger tariffs could spur higher inflation along with economic growth. But traders are still confident the Federal Reserve will cut its main interest rate again at its next meeting in two weeks. They’re betting on a nearly three-in-four chance of that, according to data from CME Group. Lower rates can give the economy more juice, but they can also give inflation more fuel. The key report this week that could guide the Fed’s next move will arrive on Friday. It’s the monthly jobs report , which will show how many workers U.S. employers hired and fired during November. It could be difficult to parse given how much storms and strikes distorted figures in October. Based on trading in the options market, Friday’s jobs report appears to be the biggest potential market mover until the Fed announces its next decision on interest rates Dec. 18, according to strategists at Barclays Capital. In financial markets abroad, the value of South Korea’s currency fell 1.1% against the U.S. dollar following a frenetic night where President Yoon Suk Yeol declared martial law and then later said he’d lift it after lawmakers voted to reject military rule. Stocks of Korean companies that trade in the United States also fell, including a 1.6% drop for SK Telecom. Japan’s Nikkei 225 jumped 1.9% to help lead global markets. Some analysts think Japanese stocks could end up benefiting from Trump’s threats to raise tariffs , including for goods coming from China . Trade relations between the U.S. and China took another step backward after China said it is banning exports to the U.S. of gallium, germanium, antimony and other key high-tech materials with potential military applications. The counterpunch came swiftly after the U.S. Commerce Department expanded the list of Chinese technology companies subject to export controls to include many that make equipment used to make computer chips, chipmaking tools and software. The 140 companies newly included in the so-called “entity list” are nearly all based in China. In China, stock indexes rose 1% in Hong Kong and 0.4% in Shanghai amid unconfirmed reports that Chinese leaders would meet next week to discuss planning for the coming year. Investors are hoping it may bring fresh stimulus to help spur growth in the world’s second-largest economy. In France, the CAC 40 rose 0.3% amid continued worries about politics in Paris , where the government is battling over the budget. AP Business Writers Yuri Kageyama and Matt Ott contributed.NEW YORK , Nov. 22, 2024 /PRNewswire/ -- Report with the AI impact on market trends - The global personalized gifts market size is estimated to grow by USD 14.98 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 8.35% during the forecast period. Continuous development and introduction of new products is driving market growth, with a trend towards rising popularity of eco-friendly personalized gifts. However, seasonal nature of demand for personalized gift products poses a challenge.Key market players include American Greetings Corp., American Stationery Co. Inc., CafePress Inc., Card Factory Plc, Chococraft Creations Pvt. Ltd., Cimpress Plc, ESCO Technologies Inc., Etsy Inc., Fat Brain Toys LLC., Ferns N Petals Pvt. Ltd., funkypigeon.com Ltd., Giftiliya, Gifto Graphics, Godiva Chocolatier Inc., Hallmark Card Inc., Personal Creations, Pinnacle Promotions, Redbubble Ltd., Shutterfly Inc., Signature Gifts Inc., Spencer Gifts LLC, The Walt Disney Co., and Zazzle Inc.. AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF Forecast period 2024-2028 Base Year 2023 Historic Data 2018 - 2022 Segment Covered Product (Non-photo personalized gifts and Photo personalized gifts), Distribution Channel (Online and Offline), and Geography (North America, Europe, APAC, South America, and Middle East and Africa) Region Covered North America, Europe, APAC, South America, and Middle East and Africa Key companies profiled American Greetings Corp., American Stationery Co. Inc., CafePress Inc., Card Factory Plc, Chococraft Creations Pvt. Ltd., Cimpress Plc, ESCO Technologies Inc., Etsy Inc., Fat Brain Toys LLC., Ferns N Petals Pvt. Ltd., funkypigeon.com Ltd., Giftiliya, Gifto Graphics, Godiva Chocolatier Inc., Hallmark Card Inc., Personal Creations, Pinnacle Promotions, Redbubble Ltd., Shutterfly Inc., Signature Gifts Inc., Spencer Gifts LLC, The Walt Disney Co., and Zazzle Inc. Key Market Trends Fueling Growth The personalized gifts market is thriving, with trends like handcrafted gifts, eco-friendly personalized items, and experiential gifting leading the way. Friends, family, and relatives continue to be the primary buyers, but businesses like Roc Nation, Archies Limited, Redbubble, Spencer Gifts, and Personalization Mall are expanding their client base. Smartphone usage and digitization have increased the demand for personalized phone cases, accessories, and digital archives. Handmade gifts, chocolate platters, diaries, and desk accessories remain popular. Non-store-based platforms offer user-submitted artwork, while store-based retailers focus on photo personalized gifts. Peer-to-peer collaborative platforms provide bespoke updates. New trends include 3D printing, personalized clothing, and face masks. Trade tensions and the risk of recession may impact the market, but social media influencers continue to drive sales. Non-photo personalized gifts are gaining traction. Overall, the market is diverse, catering to women, unisex, kids, and men. Vendors in the personalized gifts market are prioritizing the production of eco-friendly gifts. These gifts, made from organic and natural materials, offer several advantages. They are biodegradable, allowing them to decompose without harming the environment. Additionally, they are crafted from non-toxic raw materials, ensuring they do not cause allergies or side effects for recipients. As a result, eco-friendly personalized gifts are gaining popularity due to their health and environmental benefits. This trend is expected to boost the global personalized gifts market, particularly in the baby product sector. By focusing on eco-friendly and non-toxic materials, vendors are addressing consumer concerns and reducing the environmental impact of their products. Insights on how AI is driving innovation, efficiency, and market growth- Request Sample! Market Challenges Insights into how AI is reshaping industries and driving growth- Download a Sample Report Segment Overview This personalized gifts market report extensively covers market segmentation by 1.1 Non-photo personalized gifts- The personalized gifts market encompasses a wide range of non-photo gift categories, including wearables and accessories, decorations, stationery and greeting cards, sports equipment and toys, food and beverages, and pet care, as well as bed and bath gifts. Cimpress Plc, CafePress, Inc., and others are prominent vendors offering non-photo personalized gifts. The wearables and accessories segment includes personalized clothing, footwear, and accessories, such as shirts, t-shirts, bodysuits, bibs, intimate apparel, neckties, hats, footwear, and others. Personalized decoration gifts consist of personalized wall art, home furnishings, and outdoor and garden gifts, including canvas prints, wood wall art, wall plaques and signs, wall decals, growth charts, canvas tiles, sports prints, garden mats, garden flags, garden stones, flowerpots, wind chimes, and others. Personalized stationery gifts and greeting cards include greeting cards, notepads, pens, and others. Personalized greeting cards are popular for various festive or personal occasions, while personalized stationery gifts can be customized in terms of design, background color, background image, and size. The sports equipment and toys segment includes personalized toys, games, and sports equipment, such as personalized golf balls, personalized baseballs, and personalized whistles. Personalized educational gifts and toys for kids are also available. The food and beverages segment consists of personalized confectionery gifts and personalized wine and champagne. Customizations include custom text on confectionery bars or boxes and custom gift messages, as well as the choice of chocolate type for confectionery gifts and personalized wine bottles for wine lovers. Vendors are focusing on offering unique and customizable products to drive market growth, such as Pinnacle Promotions' City Bonfires Smores Night Pack featuring a portable fire pit with a custom lid label and custom box label. These customizations make personalized gifts a popular and unique gift option for various occasions. Download complimentary Sample Report to gain insights into AI's impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 - 2022) Research Analysis The personalized gifts market is thriving as people seek unique and thoughtful presents for friends, family, and relatives. Handcrafted gifts, such as jewelry and home decor, continue to be popular choices. However, the market is also embracing digitization, with 3D printing and smartphone usage playing key roles in creating customized items. Eco-friendly personalized gifts are gaining traction as consumers prioritize sustainability. Brands like Roc Nation have entered the market, expanding its reach and increasing competition. Non-photo personalized gifts, like bespoke updates and digital archives, are also growing in popularity. The market's client base is diverse, with expansions into stores and contracts with larger corporations. Peer-to-peer collaborative platforms, like Etsy, offer a competitive edge for small businesses. Despite challenges such as trade tensions, risk of recession, and zero-Covid policies, the market's competitiveness remains strong. Market Research Overview The personalized gifts market is thriving as people seek unique and thoughtful presents for friends, family, and relatives. Handcrafted gifts, such as personalized clothing, accessories, diaries, and desk accessories, continue to be popular choices. The trend towards digitization and 3D printing has opened up new possibilities for personalized items, including eco-friendly options. Non-photo personalized gifts, like face masks and greeting cards, are also gaining traction. Brands like Roc Nation and Archies Limited, as well as non-store-based retailers like Redbubble and Personalization Mall, are expanding their offerings to cater to this demand. User-submitted artwork and bespoke updates are driving innovation, while experiential gifting and social media influencers add excitement. However, trade tensions and the risk of recession may impact the market's growth. The market encompasses a wide range of products for women, men, kids, and unisex, sold both in stores and online. Non-photo personalized gifts, such as digitally printed face masks, are becoming increasingly popular. With the rise of peer-to-peer collaborative platforms and digital archives, the future of personalized gifts looks bright. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/ View original content to download multimedia: https://www.prnewswire.com/news-releases/personalized-gifts-market-to-grow-by-usd-14-98-billion-2024-2028-driven-by-new-product-innovations-ai-driving-market-transformation---technavio-302313582.html SOURCE Technavio
Tarar highlights significant decline in inflation
NEW YORK (AP) — President-elect Donald Trump’s lawyers formally asked a judge Monday to throw out his hush money criminal conviction , arguing that continuing the case would present unconstitutional “disruptions to the institution of the Presidency.“ In a filing made public Tuesday, Trump’s lawyers told Manhattan Judge Juan M. Merchan that anything short of immediate dismissal would undermine the transition of power, as well as the “overwhelming national mandate" granted to Trump by voters last month. They also cited President Joe Biden’s recent pardon of his son, Hunter Biden, who had been convicted of tax and gun charges . “President Biden asserted that his son was ‘selectively, and unfairly, prosecuted,’ and ‘treated differently,’" Trump’s legal team wrote. Manhattan District Attorney Alvin Bragg, they claimed, had engaged in the type of political theater "that President Biden condemned.” Prosecutors will have until Dec. 9 to respond. They have said they will fight any efforts to dismiss the case but have indicated a willingness to delay the sentencing until after Trump’s second term ends in 2029. In their filing Monday, Trump's attorneys dismissed the idea of holding off sentencing until Trump is out of office as a “ridiculous suggestion.” Following Trump’s election victory last month, Merchan halted proceedings and indefinitely postponed his sentencing, previously scheduled for late November, to allow the defense and prosecution to weigh in on the future of the case. He also delayed a decision on Trump’s prior bid to dismiss the case on immunity grounds. Trump has been fighting for months to reverse his conviction on 34 counts of falsifying business records to conceal a $130,000 payment to porn actor Stormy Daniels to suppress her claim that they had sex a decade earlier. He says they did not and denies any wrongdoing. The defense filing was signed by Trump lawyers Todd Blanche and Emil Bove, who represented Trump during the trial and have since been selected by the president-elect to fill senior roles at the Justice Department. Taking a swipe at Bragg and New York City, as Trump often did throughout the trial, the filing argues that dismissal would also benefit the public by giving him and “the numerous prosecutors assigned to this case a renewed opportunity to put an end to deteriorating conditions in the City and to protect its residents from violent crime.” Clearing Trump, the lawyers added, would also allow him to “to devote all of his energy to protecting the Nation.” Merchan hasn’t yet set a timetable for a decision. He could decide to uphold the verdict and proceed to sentencing, delay the case until Trump leaves office, wait until a federal appeals court rules on Trump’s parallel effort to get the case moved out of state court or choose some other option. An outright dismissal of the New York case would further lift a legal cloud that at one point carried the prospect of derailing Trump’s political future. Last week, special counsel Jack Smith told courts that he was withdrawing both federal cases against Trump — one charging him with hoarding classified documents at his Florida estate, the other with scheming to overturn the 2020 presidential election he lost — citing longstanding Justice Department policy that shields a president from indictment while in office. The hush money case was the only one of Trump’s four criminal indictments to go to trial, resulting in a historic verdict that made him the first former president to be convicted of a crime. Prosecutors had cast the payout as part of a Trump-driven effort to keep voters from hearing salacious stories about him. Trump’s then-lawyer Michael Cohen paid Daniels. Trump later reimbursed him, and Trump’s company logged the reimbursements as legal expenses — concealing what they really were, prosecutors alleged. Trump has said the payments to Cohen were properly categorized as legal expenses for legal work. A month after the verdict, the Supreme Court ruled that ex-presidents can’t be prosecuted for official acts — things they did in the course of running the country — and that prosecutors can’t cite those actions to bolster a case centered on purely personal, unofficial conduct. Trump’s lawyers cited the ruling to argue that the hush money jury got some improper evidence, such as Trump’s presidential financial disclosure form, testimony from some White House aides and social media posts made during his first term. Prosecutors disagreed and said the evidence in question was only “a sliver” of their case. If the verdict stands and the case proceeds to sentencing, Trump’s punishments would range from a fine to probation to up to four years in prison — but it’s unlikely he’d spend any time behind bars for a first-time conviction involving charges in the lowest tier of felonies. Because it is a state case, Trump would not be able to pardon himself once he returns to office.The US dollar is gradually falling from grace in the global financial architecture on account of rising distrust and diversification efforts made by countries that are ditching the hegemony of the greenback. Simultaneously, world's population is rising; therefore international trade in other currencies may augur well. The share of the US dollar in the global foreign exchange reserves has slid to its lowest in 29 years, according to the latest data published by the International Monetary Fund. Although the dollar is slowly losing its grip, it is still strong because of liquidity, stability and the established mechanism. The greenback's long-standing status as the world's dominant currency has been jeopardised in recent years amid concerns over the soaring US debt and its sanctions on rivals such as Russia, according to the RT news channel. As part of Russia sanctions that followed the escalation of Ukraine conflict in February 2022, the US cut off the country's central bank from dollar transactions. It later banned the export of dollar banknotes to the country and spearheaded a drive to freeze Russian assets abroad. Foreign Affairs magazine wrote in June that the sanctions on Russia had "undoubtedly left other central banks wondering whether their own dollar-denominated rainy-day funds would be locked up should their governments run afoul of Washington." In a speech at the BRICS summit in Kazan in October, Russian President Vladimir Putin warned that Washington's weaponisation of the dollar through sanctions and denying countries access to the Western financial system was a "big mistake" that would force them "to look for other alternatives, which is what is happening." Economic and public policy expert, corporate and management consulting firm Director Qanit Khalilullah said the global economy was witnessing increasing de-dollarisation as countries diversify their trade and foreign exchange reserves. "This trend is driven by US actions to weaponise the dollar, such as imposing sanctions and freezing reserves, as seen in the case of Russia." These actions have eroded trust and raised fears of over-dependence on the dollar. Additionally, rising calls for a multipolar economic world, regional trade blocs like BRICS and technological advancements in digital currencies have created alternatives. De-dollarisation reflects a desire for greater financial autonomy and reduced exposure to the US monetary policies, signaling a shift towards a more decentralised global monetary system. Countries are moving away from the US dollar to reduce vulnerability to geopolitical risks and sanctions. The US tendency to use the dollar as a political tool has alarmed nations, prompting them to seek monetary independence. Furthermore, reliance on the dollar exposes countries to the US Federal Reserve policy actions, which impact exchange rates and trade balances. Emerging economies are forming regional partnerships and adopting alternative currencies like the yuan or euro. Digital currencies and central bank digital currencies (CBDCs) further enable nations to bypass dollar-based financial systems, secure sovereignty and facilitate localised trade settlements. "The decline in the dollar's share in global reserves to a three-decade low reflects a broader shift in the international monetary landscape. While this signals reduced dominance, it does not necessarily mean the dollar is falling from grace. Its role as a global reserve currency will remain strong due to its liquidity, stability and established infrastructure," Khalilullah said. "However, diversification into other currencies reflects diminishing reliance on the dollar amid geopolitical tensions and economic shifts. The dollar's status may gradually decline but will remain central to the global economy in the foreseeable future," he said. Although "non-traditional" currencies are gaining ground, despite the downward trend, the dollar has so far remained the pre-eminent reserve currency. On the one hand, it highlights a structural change in the global monetary system, where non-traditional currencies like the yuan and digital alternatives are gaining ground in trade and reserves. This signals an evolving multipolar world order. On the other hand, it underscores the enduring dominance of the US dollar, which continues to serve as the pre-eminent reserve currency due to its long entrenched use in international settlements, high liquidity, global trust and the absence of comparable alternatives. The distinction lies in recognising the growing diversification versus sustained reliance on the dollar's unique advantages. Rising sanctions have coerced Russia to de-dollarise. September data shows that Moscow and its allies in the BRICS group are making a better use of national currencies, which are utilised in 65% of mutual trade settlements. BRICS' growing use of national currencies signals significant progress towards de-dollarisation. This trend shows efforts to reduce dependence on the dollar, especially in light of the sanctions and geopolitical dynamics. However, the dollar's deeply entrenched role as a global reserve currency, supported by liquid markets and historical trust, is unlikely to be displaced substantially in the short term. Instead, the global economy may move towards a diversified system where the dollar coexists with regional currencies, fostering a multipolar monetary order where no single currency dominates entirely. International trade expert and economic analyst Aadil Nakhoda said there had been several instances of de-dollarisation throughout history, starting with the yen, then the euro, the yuan and now a currency being planned by BRICs. The yen and the euro have made a little impact. The availability of an alternative currency in the global market is a key factor in de-dollarisation. Rather than ditching the greenback, countries are trying to create their own narrative for dominance in the global market. With US policies becoming more trade restrictive, this narrative will likely grow. The trade deficit generated by the US results in higher supply of the US dollar in foreign markets. As efforts are made to curtail it, it may result in lower supply and consequently its reduced dominance. An international currency must not only be easily available but also involves less government intervention through policies. The yuan is heavily state-controlled while other currencies are unlikely to reach eminence. "We may see mutual agreements becoming more common as they reduce the risk involved with a third currency. However, trade between countries not involving BRICs is likely to continue in dollars. It is when these countries adopt other currencies, will we see non-dollar-based trade becoming more eminent. Consider how the dollar is prevalent in informal trade," Nakhoda said. The writer is a staff correspondent COMMENTS Comments are moderated and generally will be posted if they are on-topic and not abusive. For more information, please see our
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