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Ellington Financial Inc. ( NYSE:EFC – Get Free Report ) declared a monthly dividend on Friday, December 6th, NASDAQ Dividends reports. Shareholders of record on Tuesday, December 31st will be paid a dividend of 0.13 per share by the financial services provider on Monday, January 27th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 12.81%. The ex-dividend date is Tuesday, December 31st. Ellington Financial has raised its dividend payment by an average of 12.7% annually over the last three years. Ellington Financial has a dividend payout ratio of 96.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Ellington Financial to earn $1.67 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 93.4%. Ellington Financial Stock Performance Shares of Ellington Financial stock opened at $12.18 on Friday. The company has a debt-to-equity ratio of 10.87, a current ratio of 37.04 and a quick ratio of 37.04. The firm has a 50 day simple moving average of $12.31 and a 200 day simple moving average of $12.59. Ellington Financial has a fifty-two week low of $10.88 and a fifty-two week high of $13.46. The firm has a market cap of $1.10 billion, a P/E ratio of 9.30 and a beta of 1.97. Insiders Place Their Bets In other Ellington Financial news, CIO Michael W. Vranos sold 14,000 shares of Ellington Financial stock in a transaction on Monday, October 14th. The shares were sold at an average price of $12.48, for a total transaction of $174,720.00. Following the completion of the sale, the executive now owns 168,359 shares of the company’s stock, valued at approximately $2,101,120.32. The trade was a 7.68 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . Company insiders own 4.40% of the company’s stock. About Ellington Financial ( Get Free Report ) Ellington Financial Inc, through its subsidiary, Ellington Financial Operating Partnership LLC, acquires and manages mortgage-related, consumer-related, corporate-related, and other financial assets in the United States. The company acquires and manages residential mortgage-backed securities (RMBS) backed by prime jumbo, Alt-A, manufactured housing, and subprime mortgage; RMBS for which the principal and interest payments are guaranteed by the U.S. Featured Stories Receive News & Ratings for Ellington Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ellington Financial and related companies with MarketBeat.com's FREE daily email newsletter .casino jili super ace

By Ashton De Santis, director – inventory partnerships, The Trade Desk Australia’s Upfronts season brought a wave of new energy to the advertising world. With advertisers facing mounting pressure to prove real business impact, this year’s sessions put measurement and accountability at the heart of the conversation. Publishers doubled down on the value of premium content from BVOD to live sports and challenged the dominance of less impactful channels such as social media. Nine’s new partnership with independent market mix modelling (MMM) solutions and Foxtel’s alliances with Kantar and Adgile signal an industry change away from vanity metrics towards more meaningful business outcomes. This renewed focus on measurement is setting the stage for an exciting year ahead. In particular, for brands that have moved away from upper-funnel strategies in favour of short-term performance campaigns due to tightening budgets, this shift is a game-changer. With consumer confidence poised to grow in early 2025 and inflation slowly easing, brands may look to unlock bigger budgets. But with these opportunities comes responsibility – marketers must show that every dollar delivers growth. More granular insights can help turn marketing into a measurable growth engine, reinforcing its vital role in driving long-term business success. Case in point: Kellogg’s proved the real business impact of BVOD by leveraging Unpacked by Flybuys retail data in their advertising strategy. By targeting Flybuys’ high-value audience segments – from low-sugar buyers to cereal enthusiasts and health food shoppers – they effectively reached new potential customers. The campaign demonstrated how BVOD ads directly translated into sales at Flybuys’ retail partners and resulted in a 156% surge in conversions for Kellogg’s Nutri-Grain brand and an impressive 187% sales boost for brands like Coco Pops. The Upfronts also debunked the myth that TV as a whole is in decline, proving that total TV remains a force in advertising. With publishers introducing technology that enables seamless cross-channel activation, campaigns can now unify across BVOD, SVOD, live broadcast, and streaming all under one cohesive strategy. However, despite these advancements, the challenge of fragmented measurement persists. To unlock greater efficiency, brands will need tools that integrate data across devices and publishers, including their own first-party data. Industry identity solutions like Unified ID 2.0 can bridge these gaps by targeting and measuring their audience across the wider publisher ecosystem. Let’s keep in mind that Aussies spend 64% of digital media time on the open internet, from video and audio streaming to online news to apps. This presents a massive opportunity for advertisers. So while publishers are proving the value of premium content, the real impact will come from optimizing investments across the entire open internet. For advertisers ready to embrace the future, the playbook is clear: premium content across the open internet, unified measurement, and a relentless focus on real business outcomes. – Top image: Ashton De SantisLeBron James ruled out of Lakers' game at Minnesota on Friday with foot soreness

Stakeholder dialogue brings SMEs and regulators togetherMidnight Raid Unleashes Chaos: Pakistan's Political Turmoil IntensifiesBig Ten could place four teams in playoff, thanks to IU's riseJimmy Carter biographer E. Stanley Godbold reflects on the life of former President Jimmy Carter on ‘Fox News Live.’ Jimmy Carter, the 39th president of the United States, was long associated with peanuts — an enduring symbol of his humble beginnings and a testament to the values of hard work that he embraced during his lifetime. Before entering the political arena, Carter, who passed away at age 100 on Sunday, Dec. 29, 2024, managed his family's peanut farm in Plains, Georgia, according to the National Park Service (NPS). "The key to peanut harvest was the threshing machine, which we called a ‘picker’ because it picked the nuts from the vines ," said Carter, the NPS noted. JIMMY CARTER SPENT NEARLY 2 YEARS IN HOSPICE CARE BEFORE HIS DEATH "It was most often driven by a flat belt from the rear axle or wheel of a truck , and the dried stacks were hauled to it on wooden sleds, each pulled by a mule," Carter also said, the same source reported. He added, "This was a big and important operation and involved all the men on the place." President Jimmy Carter, who passed away on Dec. 29, 2024, grew up on his family's peanut farm, eventually expanding it into a profitable business. (National Park Service) After his father passed, Carter resigned from the U.S. Navy in 1953. He saw fortune in expanding the three acres of peanuts on the farm. For more Lifestyle articles, visit www.foxnews.com/lifestyle Carter began growing peanut seeds himself, opening "Carter’s Warehouse," which sold seeds and shelling. President Carter was a peanut farmer in Georgia before entering the political arena. (Jessica McGowan/Getty Images) The agri-business also supplied corn, ginned cotton, liquid nitrogen, bulk fertilizer and lime. Carter’s connection to peanuts became a defining feature of his public image. CLICK HERE TO SIGN UP FOR OUR LIFESTYLE NEWSLETTER It became a symbol for his White House bid, reflecting his dedication to representing everyday Americans. The Jimmy Carter Presidential Campaign Committee even handed out bags of peanuts with "Jimmy Carter for President" during his run against Republican Gerald Ford. Carter's favorite crop followed him throughout his lifetime. (Smithsonian Institution) In Oct. 1977, President Carter and first lady Rosalynn Carter hosted a Peanut Brigade Party. CLICK HERE TO GET THE FOX NEWS APP The First Family hosted 500 Georgian supporters on the South Lawn for a barbecue and boiled peanuts , according to the White House Historical Association (WHAA).

Musk isn't helping Trump out of the goodness of his own heart. Brandon Bell/Pool/AP A news clip making the rounds Sunday morning had CNN’s Dana Bash talking with Chris Sununu, New Hampshire’s Republican governor, about Elon Musk’s potential conflicts of interest. Here, after all, we have a hecto-billionaire with massive federal contracts via SpaceX—and whose carmaker, Tesla, likely wouldn’t have survived without generous state and federal subsidies—serving as an advisor to an incoming president on how the government should be spending its money , or not. Sununu told Bash he liked that Musk is an “outsider”—an interesting choice of words—who is “not looking for anything.” When she challenged that notion, he responded, “The guy is worth $450 billion” and therefore is “so rich he’s removed from the potential financial influence.” “I don’t think he’s doing it for the money,” Sununu said. “He’s doing it for the bigger project and the bigger vision of America.” The exchange is worth a listen: BASH: One of the concerns is that Elon Musk has billions tied up in govt contracts. You don't see a conflict of interest?CHRIS SUNUNU: Everyone has a conflict of interestBASH: But that's a pretty big oneSUNUNU: He's so rich he's removed from the potential financial influence What this tells me is that Sununu doesn’t understand the mentality of excessive wealth and he probably shouldn’t be on the air talking about it. He’s correct, in one sense, that Musk is not doing it for the money. I mean, the guy could probably afford to buy Greenland. But “the greater project and the bigger vision”? That’s the sort of nonsense Col. Potter from the old TV series M.A.S.H. would have called “horse hockey”— among other things . Musk is doing this for the power —the opportunity to dominate his peers. Let’s not forget that joining forces with Trump put Musk’s wealth, at least on paper, on a very steep upward trajectory. I haven’t done the math, but I’m pretty sure he’s now the richest person who has ever lived on our planet. He doesn’t need money to buy stuff. He needs it to nourish his narcissism. I interviewed quite a few super-rich folks, and people in their close orbits, while researching my 2021 book , Jackpot , and we talked a lot about these kinds of matters. It became clear that, once a person attains a certain level of wealth, any further accumulation of assets is like a game. It’s all about score-keeping and social comparisons—and also maintaining one’s dynastic position by creating trusts to circumvent gift and estate taxes and pushing to maintain stupid loopholes like the discounted tax rate on carried interest, which even one private equity guy admitted to me was “bullshit,” though he was part of a group that made an annual pilgrimage to DC to lobby for it. Here’s a abridged snippet from one of my interviews with Richard Watts, an attorney in Southern California who serves as a consigliere for some of America’s wealthiest families. Here he was talking about a conference he’d just spoken at—an annual shindig hosted by Mitt Romney and attended by loads of Fortune 500 CEOs and billionaires with names you’d know, in addition to former presidents and senators and other power players. “I’m very well off, so I certainly don’t need to be working and doing all that stuff, and I’ve got a beautiful home down by the ocean. But when I spend the weekend with people that probably have a minimum net worth of $500 million, at some point I just have to leave, because you can feel in the discussion the measure is how big you are... In those situations it’s always about what spectacular thing have you done, invented, created: What do you do? “Well, I own 35 mobile home parks free and clear, and we built them, and we’re going green with all of them. And it’s really been a great, wonderful thing.” And the guy’s 40 years old, and that’s a true story... Now, if you’re Jamie Dimon, everybody kind of wants to see what you’re thinking and you know, “Hey, that’s a good guy. I want to be around him.” And then if it’s the governor of Maine, or let’s say it’s Mitt or it’s Paul Ryan, these are really interesting people. And the interesting thing is they kind of don’t want to have that discussion, but everyone has it with them. So, it’s like, “Hey Paul, since you’ve been out of the Speaker of the House, what is it you’re doing this year?” “Oh my god, I’m on the board of Fox News.” (And of course Murdoch was there lecturing as well.) And it’s just this feeling that the only measure in the room—I don’t mean that they always stay this way, I’m just saying when they group together—it’s about who’s got the biggest boat, and I can say that in a lot of different ways that are nasty, but the biggest boat is pretty quickly identified. One month prior to the election, Elon Musk’s estimated net worth was about $263 billion . Now, at year’s end, it is $437 billion . The “biggest boat” has been identified. It’s Elon and it ain’t even close and Musk would like to keep it that way and his relationship with Trump helps him do that. So Sununu can spare us the “greater project” nonsense. This is a dick-measuring contest, no more, no less.

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F1 drivers’ social life is often under the radar, particularly whom they are dating, and what cars and watches they possess, among other things. Lewis Hamilton is one person who is always in the limelight for his off-track life. While many would love to hang out with the British driver, former F1 driver David Coulthard may not want to do so. The 13-time Grand Prix winner answered a question on the Drive to Wynn podcast about who among the current drivers would he want to make his wingman. On this, Coulthard named three drivers — Max Verstappen, Lando Norris, and Charles Leclerc. It was surprising to see that the 53-year-old chose all these young drivers whose age is almost half of his. He also gave his reasoning about why he won’t choose Hamilton . “I wouldn’t see myself, going out and being in the same environment with Lewis because I just think we are so different” , he said . Coulthard explained that he had seen Hamilton since a very young age as the now seven-time champion was a young driver within McLaren’s development program when he drove for them. Coulthard then revealed that he likes individuals who are “uncomplicated” and from the “what you see is what you get” category. Hamilton is certainly a unique personality from the F1 grid in that regard. The 39-year-old often attends fashion events , and music festivals, and pursues other interests which have introduced him to a variety of people from different spheres of life. That is why, he feels at home when he visits the USA, a country that often takes sports, including F1, to a different plane in terms of the show. But Coulthard explained that other F1 drivers don’t resonate with that atmosphere. The American show isn’t natural for F1 Americans elevate every sport with its entertainment element to maximize its commercial value. With the three F1 races that the USA hosts, there is a similar trend visible, which wasn’t well-received by many drivers in recent years. The Miami and Las Vegas GP, in particular, had introduction ceremonies that made several drivers feel awkward and out of place with its over-the-top hype. Many felt it was unnecessary and distracted them from their preparation for the race. Coulthard said, “That’s the thing that doesn’t really work when we try and Americanize the sport”. While he acknowledges how America has “supercharged” F1 as a sport, he reasoned that “a lot of the Formula 1 drivers aren’t really performers”. So, they may not be able to play to the cue during such events that have a lot of glitz and glamor.It’s lights, camera, action again in Duncan, where moviegoers no longer have to leave the city to see a film on the big screen with the reopening of the only local theatre . The former Caprice Theatre, which was around for decades, is back with the new name Duncan Cinemas. Located at 404 Duncan St., it features two auditoriums. Under new management, the theatre reopened earlier this month on Dec. 20 — nearly a year after the Caprice closed on Dec. 30, 2023, to the dismay of locals. “It does honestly make me kind of sad because it’s the only local theatre around here. Otherwise, you’ve got to go to Nanaimo or Victoria,” said Cal Elliott, a former Caprice customer, in a previous interview with CHEK News last year. The facility first opened in the early 1980s, according to Cinema Treasures, with seating for around 660 people in the two auditoriums combined. It was back in January of this year when DJRD Entertainment Limited, the owners of the Caprice, shared plans to “re-introduce the (theatre) ... to the Cowichan Valley community.” Previous tenant Moby Amarsi, who operated the theatre for about 10 years, suggested inflation and rent hikes were to blame for the closure, but DJRD said the latter was untrue. The company said rent was unchanged since 2019. Amarsi told CHEK News fading to black was a difficult decision. It came as movie theatres continue to “(battle) against the rise of online streaming services,” with more people opting to stay home, according to Ivy Business School . Theatres also lost revenue amid the COVID-19 pandemic. ‘Couldn’t be happier’ Now, the popcorn is popping at Duncan Cinemas, with Golin Cinemas Inc. taking over. This company also manages Capital 6 and The Roxy in Victoria. People took to social media to share their excitement, saying the Cowichan facility was recently refurbished with new seating and upgraded projection and sound . “The new Duncan Cinemas is stunning! The current owners renovated the theatre spaces with fresh carpet, reclining faux leather seats, and a sparkly clean black tile floor. It’s our family tradition to see a show over the holidays, and we couldn’t be happier,” wrote Stephanie Brown in a recent social media post. “The staff, the seats, the shiny floor, the treats, the joy of having a special, cool, independent theatre in our town. Thank you Duncan Cinemas – we love you!” added Jordan Kawchuk in another Facebook post, which got more than 1,000 ‘likes.’ Currently screening at Duncan Cinemas are Mufasa: The Lion King and Sonic the Hedgehog 3 — two family films dominating the holiday box office in Canada and the U.S. Find showtimes here . READ ALSO:

Stocks drifted higher on Wall Street in midday trading Thursday, as gains in tech companies and retailers helped boost the market. The S&P 500 rose less than 0.1%. The benchmark index is coming off a three-day winning streak. The Dow Jones Industrial Average was up 19 points, or 0.1%, as of 12:32 p.m. Eastern time. The Nasdaq composite was up less than 0.1%. Trading volume was lighter than usual as U.S. markets reopened after the Christmas holiday. Chip company Broadcom rose 2.9%, Intel was up 0.7% and Apple gained 0.4%. While tech stocks overall were in the green, some heavyweights were a drag on the market. Semiconductor giant Nvidia, whose enormous valuation gives it an outsize influence on indexes, slipped 0.2%. Meta Platforms fell 0.9%, Amazon was down 0.5%, and Netflix gave up 1.4%. Health care stocks also helped lift the market. CVS Health rose 1.9% and Walgreens Boots Alliance rose 3.3% for the biggest gain among S&P 500 stocks. Several retailers also gained ground. Target rose 2.9%, Best Buy was up 2.1% and Dollar Tree gained 2.2%. U.S.-listed shares in Honda and Nissan rose 4.1% and 15.8%, respectively. The Japanese automakers announced earlier this week that the two companies are in talks to combine. Traders got a labor market update. U.S. applications for unemployment benefits held steady last week , though continuing claims rose to the highest level in three years, the Labor Department reported. Treasury yields rose in the bond market. The yield on the 10-year Treasury rose to 4.61% from 4.59% late Tuesday. Major European markets were closed, as well as Hong Kong, Australia, New Zealand and Indonesia. Trading was expected to be subdued this week with a thin slate of economic data on the calendar. Still, U.S. markets have historically gotten a boost at year’s end despite lower trading volumes. The last five trading days of each year, plus the first two in the new year, have brought an average gain of 1.3% since 1950. So far this month, the U.S. stock market has lost some of its gains since President-elect Donald Trump’s win on Election Day, which raised hopes for faster economic growth and more lax regulations that would boost corporate profits. Worries have risen that Trump’s preference for tariffs and other policies could lead to higher inflation , a bigger U.S. government debt and difficulties for global trade. Even so, the U.S. market remains on pace to deliver strong returns for 2024. The benchmark S&P 500 is up roughly 26% so far this year and remains near its most recent all-time high it set earlier this month — its latest of 57 record highs this year. Wall Street has several economic reports to look forward to next week, including updates on pending home sales and home prices, a report on U.S. construction spending and snapshots of manufacturing activity. AP Business Writers Elaine Kurtenbach and Matt Ott contributed.By Ifeanyi ONUBA The Comptroller-General of the Nigeria Customs Service (NCS), Adewale Adeniyi, has once again brought global attention to the transformative role of NCS in safeguarding Nigeria’s borders. Speaking at the 18th Africa Security Watch Conference in Doha, Qatar, the CGC shared a comprehensive account of the Service’s achievements in balancing security enforcement with trade facilitation. In his keynote address titled “Protecting National Security Through Effective Border Control: The Nigeria Customs Example,” Adeniyi emphasised the vital role of border management in national security, describing borders as more than just geographical boundaries. According to him, borders are critical gateways that determine a nation’s capacity to protect its citizens, safeguard its economy, and foster security. The CGC highlighted how the NCS, empowered by the Nigeria Customs Act 2023, has successfully redefined its operational priorities to address emerging threats, enhance efficiency, and improve collaboration. CGC Adeniyi noted that the Nigeria Customs Act 2023 represents a legislative milestone that has repositioned the NCS to thrive in a dynamic environment. He also reflected on the significant strides made in 2024, which marked a year of unparalleled achievements for the Service, adding “Under my leadership, the NCS generated a record-breaking ₦5.1 trillion in revenue, a feat that underscores the agency’s innovative use of technology and improved compliance frameworks.” “We have equally strengthened partnerships with both domestic and international stakeholders. The CGC noted that this achievement was not merely about numbers but also reflected the efficiency and resilience of the Customs workforce.” He said. Adeniyi, however, described how, through intelligence-led operations, the NCS has intercepted several arms shipments, including 844 rifles and 112,500 rounds of live ammunition in Onne Seaport. “These efforts have significantly disrupted the proliferation of small arms and light weapons, which remain a persistent threat to national security. Additionally, the NCS’s collaboration with the National Drug Law Enforcement Agency (NDLEA) led to so many interceptions of illicit drugs.” CGC Adeniyi said. He also brought attention to the Service’s role in combating wildlife trafficking, detailing how officers intercepted 4,200 kilograms of pangolin scales and ivory, underscoring the NCS’s dedication to biodiversity conservation and international compliance. In the area of fighting against economic saboteurs who venture into smuggling and diversion of petroleum products, Adeniyi discussed the impact of Operation Whirlwind and highlighted how the Service, in collaboration with the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), intercepted over 695,000 liters of smuggled Premium Motor Spirit (PMS). The CGC revealed that the use of geospatial technologies, such as satellite feeds and geo-mapping, has enhanced the Service’s surveillance and enforcement capabilities, ensuring that these operations are not only effective but sustainable. In addition, a Gala/Award Night convened as part of the African Security Watch Conference held on Thursday 12 December 2024, in Doha, Qatar, the NCS clinched the coveted ‘Best National Security Service in West, East, and Central Africa 2023/2024’ award. The CGC also shared the spotlight, receiving recognition for his exemplary leadership and contributions to the organization’s achievements. These accolades recognise the service’s outstanding performance in fortifying Nigeria’s borders, enhancing trade facilitation, and curbing transnational crimes through innovative enforcement strategies and technological advancements.

(The Conversation is an independent and nonprofit source of news, analysis and commentary from academic experts.) Robert C. Donnelly , Gonzaga University (THE CONVERSATION) Former President Jimmy Carter, who died on Dec. 29, 2024, at age 100 at his home in Plains, Georgia, was a dark horse Democratic presidential candidate with little national recognition when he beat Republican incumbent Gerald Ford in 1976. The introspective former peanut farmer pledged a new era of honesty and forthrightness at home and abroad, a promise that resonated with voters eager for change following the Watergate scandal and the Vietnam War. His presidency, however, lasted only one term before Ronald Reagan defeated him. Since then, scholars have debated – and often maligned – Carter’s legacy, especially his foreign policy efforts that revolved around human rights. Critics have described Carter’s foreign policies as “ineffectual” and “hopelessly muddled ,” and their formulation demonstrated “weakness and indecision.” As a historian researching Carter’s foreign policy initiatives , I conclude his overseas policies were far more effective than critics have claimed. A Soviet strategy The criticism of Carter’s foreign policies seems particularly mistaken when it comes to the Cold War, a period defined by decades of hostility, mutual distrust and arms buildup after World War II between the U.S. and Russia, then known as the Soviet Union or Union of Soviet Socialist Republics (USSR). By the late 1970s, the Soviet Union’s economy and global influence were weakening. With the counsel of National Security Advisor Zbigniew Brzezinski, a Soviet expert , Carter exploited these weaknesses. During his presidency, Carter insisted nations provide basic freedoms for their people – a moral weapon against which repressive leaders could not defend. Carter soon openly criticized the Soviets for denying Russian Jews their basic civil rights , a violation of human rights protections outlined in the diplomatic agreement called the Helsinki Accords . Carter’s team underscored these violations in arms control talks. The CIA flooded the USSR with books and articles to incite human rights activism. And Carter publicly supported Russian dissidents – including pro-democracy activist Andrei Sakharov – who were fighting an ideological war against socialist leaders. Carter adviser Stuart Eizenstat argues that the administration attacked the Soviets “in their most vulnerable spot – mistreatment of their own citizens.” This proved effective in sparking Soviet leader Mikhail Gorbachev’s social and political reforms of the late 1980s, best known by the Russian word “glasnost ,” or “openness.” The Afghan invasion In December 1979, the Soviets invaded Afghanistan in response to the assassination of the Soviet-backed Afghan leader, Nur Mohammad Taraki. The invasion effectively ended an existing détente between the U.S. and USSR. Beginning in July 1979, the U.S. was providing advice and nonlethal supplies to the mujahideen rebelling against the Soviet-backed regime. After the invasion, National Security Advisor Brzezinski advised Carter to respond aggressively to it. So the CIA and U.S. allies delivered weapons to the mujahideen, a program later expanded under Reagan. Carter’s move effectively engaged the Soviets in a proxy war that began to bleed the Soviet Union. By providing the rebels with modern weapons, the U.S. was “giving to the USSR its Vietnam war,” according to Brzezinski : a progressively expensive war, a strain on the socialist economy and an erosion of their authority abroad. Carter also imposed an embargo on U.S. grain sales to the Soviets in 1980. Agriculture was the USSR’s greatest economic weakness since the 1960s. The country’s unfavorable weather and climate contributed to successive poor growing seasons, and their heavy industrial development left the agricultural sector underfunded . Economist Elizabeth Clayton concluded in 1985 that Carter’s embargo was effective in exacerbating this weakness. Census data compiled between 1959 and 1979 show that 54 million people were added to the Soviet population. Clayton estimates that 2 to 3 million more people were added in each subsequent year. The Soviets were overwhelmed by the population boom and struggled to feed their people. At the same time, Clayton found that monthly wages increased, which led to an increased demand for meat. But by 1985, there was a meat shortage in the USSR. Why? Carter’s grain embargo, although ended by Reagan in 1981, had a lasting impact on livestock feed that resulted in Russian farmers decreasing livestock production . The embargo also forced the Soviets to pay premium prices for grain from other countries, nearly 25 percent above market prices . For years, Soviet leaders promised better diets and health , but now their people had less food. The embargo battered a weak socialist economy and created another layer of instability for the growing population. The Olympic boycott In 1980, Carter pushed further to punish the Soviets. He convinced the U.S. Olympic Committee to refrain from competing in the upcoming Moscow Olympics while the Soviets repressed their people and occupied Afghanistan. Carter not only promoted a boycott, but he also embargoed U.S. technology and other goods needed to produce the Olympics. He also stopped NBC from paying the final US$20 million owed to the USSR to broadcast the Olympics. China, Germany, Canada and Japan – superpowers of sport – also participated in the boycott. Historian Allen Guttmann said, “The USSR lost a significant amount of international legitimacy on the Olympic question.” Dissidents relayed to Carter that the boycott was another jab at Soviet leadership. And in America, public opinion supported Carter’s bold move – 73% of Americans favored the boycott . The Carter doctrine In his 1980 State of the Union address, Carter revealed an aggressive Cold War military plan. He declared a “ Carter doctrine ,” which said that the Soviets’ attempt to gain control of Afghanistan, and possibly the region, was regarded as a threat to U.S. interests. And Carter was prepared to meet the threat with “ military force .” Carter also announced in his speech a five-year spending initiative to modernize and strengthen the military because he recognized the post-Vietnam military cuts weakened the U.S. against the USSR. Ronald Reagan argued during the 1980 presidential campaign that, “Jimmy Carter risks our national security – our credibility – and damages American purposes by sending timid and even contradictory signals to the Soviet Union.” Carter’s policy was based on “weakness and illusion” and should be replaced “with one founded on improved military strength,” Reagan criticized. In 1985, however, President Reagan publicly acknowledged that his predecessor demonstrated great timing in modernizing and strengthening the nation’s forces, which further increased economic and diplomatic pressure on the Soviets. Reagan admitted that he felt “very bad” for misstating Carter’s policies and record on defense. Carter is most lauded today for his post-presidency activism , public service and defending human rights. He was awarded the Nobel Peace Prize in 2002 for such efforts. But that praise leaves out a significant portion of Carter’s presidential accomplishments. His foreign policy, emphasizing human rights, was a key instrument in dismantling the power of the Soviet Union. This is an updated version of a story that was originally published on May 2, 2019. This article is republished from The Conversation under a Creative Commons license. Read the original article here: https://theconversation.com/jimmy-carters-lasting-cold-war-legacy-his-human-rights-focus-helped-dismantle-the-soviet-union-113994 .

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