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COLUMBUS, Ohio -- Amazon Web Services will invest another $10 billion to bolster its data center infrastructure in Ohio. The company and Republican Gov. Mike DeWine announced the plan Monday. The new investment will boost the amount it has committed to spending in Ohio by the end of 2029 to more than $23 billion. AWS launched its first data centers in the state in 2016 and currently operates campuses in two counties in central Ohio, home to the capital city of Columbus. The new investment will allow AWS to expand its data centers to new sites, but the company said those locations have not been determined yet and noted that its investment plans are contingent upon the execution of long-term energy service agreements. AWS said the new data centers will contain computer servers, storage drives, networking equipment and other forms of technology infrastructure used to power cloud computing, including artificial intelligence and machine learning. In June 2023, AWS said it would invest $7.8 billion by the end of 2029 to expand its data center operations in central Ohio. That was on top of $6 billion already invested through 2022.(The Center Square) – The Biden administration on Monday instituted a new round of restrictions targeting the export of advanced semiconductor chips and manufacturing equipment to China. This move by the Commerce Department's Bureau of Industry and Security builds on previous measures aimed at curbing China's ability to develop cutting-edge technologies, particularly artificial intelligence and military applications. The new export controls place 140 manufacturers and investment companies on the Entity List, a U.S. compilation of "foreign individuals, companies, and organizations deemed a national security concern." "The United States has taken significant steps to protect our technology from being used by our adversaries in ways that threaten our national security," National Security Advisor Jake Sullivan said in a statement . The new controls will also block the sale of high-bandwidth memory, which is necessary for artificial intelligence. Semiconductors can be a strategic asset for AI systems, supercomputing, and other technologies for both civilian and military use. Sullivan continued, "As technology evolves, and our adversaries seek new ways to evade restrictions, we will continue to work with our allies and partners to proactively and aggressively safeguard our world-leading technologies and know-how so they aren't used to undermine our national security." According to a U.S. Government Accountability Office report, semiconductors, also known as computer chips, are typically smaller than a postage stamp and are composed of billions of components that can store, move and process data. Advanced semiconductors can be used for artificial intelligence, including in medical diagnosis and for military purposes, such as modeling nuclear explosions. The U.S. has been tightening down on the export controls on semiconductors to China since concerns over U.S. capacity to produce advanced semiconductors domestically when shortages began during the pandemic. This concern resulted in Congress enacting the CHIPS Act of 2022. Chinese foreign ministry spokesperson Lin Jian responded. "This type of behavior seriously violates the laws of market economy and the principle of fair competition, disrupts international economic and trade order, destabilizes global industrial and supply chains, and will eventually harm the interests of all countries," Jian said. Beijing intends to take firm, resolute measures to defend the interests of Chinese companies, he added. Assistant Secretary of Commerce for Export Administration Thea D. Rozman Kendler said, "The PRC's Military-Civil Fusion strategy presents a significant risk that advanced node semiconductors will be used in military applications that threaten the security of the United States, as well as the security of our allies and partners."
PINE BLUFF, Ark. (AP) — Dennis Asoro scored 16 points as Arkansas-Pine Bluff beat Ecclesia 120-61 on Tuesday. Asoro shot 8 of 9 from the field for the Golden Lions (3-10). Kyle Brown added 15 points while going 6 of 7 and 3 of 4 from the free-throw line while they also had six rebounds. Zach Reinhart shot 5 for 7 from beyond the arc to finish with 15 points. Justin Reaves led the way for the Royals with 26 points, six rebounds and two steals. Quintus McNeal added 13 points and five assists, and Ahmad Raymond had 12 points and four assists. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .
Rosen Law Firm Announces Investigation of Breaches of Fiduciary Duties by the Directors and Officers of Southwest Airlines Co. - LUV
Tech review: Gift options for the cord cutterPresident-elect Donald Trump on Friday said he will nominate prominent investor Scott Bessent as US Treasury secretary, ending days of twists that saw high profile candidates pitted against each other for the cabinet position with vast influence over economic, regulatory and international affairs. Wall Street has been closely watching who Trump would choose , especially given his plans to remake global trade through tariffs and extend and potentially expand the raft of tax cuts enacted during his first term. The choice of Bessent, who has spent his career in finance, gives Wall Street an advocate for tax reform and deregulation. Some strategists said his nomination was a relief as he understands markets and his appointment could reduce the chance of severe tariffs . The announcement – the most prominent of a flurry of Friday night appointments by Trump – caps a week where big name Wall Street luminaries’ chance at the job oscillated on a daily basis. Other names that had been considered included Apollo Global Management Chief Executive Marc Rowan and former Federal Reserve Governor Kevin Warsh. Investor John Paulson had also been a leading candidate, but dropped out , while Wall Street veteran Howard Lutnick, another contender, was appointed as head of the Commerce Department. The choice came after days of deliberations by Trump as he sorted through a shifting list of candidates. Bessent spent day after day at Trump’s Mar-a-Lago home in Florida providing economic advice, sources said, a proximity to the president-elect that may have helped him prevail. “Scott is widely respected as one of the world’s foremost international investors and geopolitical and economic strategists,” said Trump as he announced the nomination in a statement released on Truth Social. Bessent, from South Carolina, has spent his career in finance, working for macro investment billionaire George Soros and noted short seller Jim Chanos, as well as running his own hedge fund. As a money manager, he made a large bet on Trump winning after spotting what he called an anomaly in the market – that political and market analysts were too negative on what a Trump victory would mean. Bessent, who did not immediately respond to a request for comment, has advocated for tax reform and deregulation, particularly to spur more bank lending and energy production, as noted in a recent opinion piece he wrote for The Wall Street Journal. The market’s surge after Trump’s election victory, he wrote, signaled investor expectations of “higher growth, lower volatility and inflation, and a revitalized economy for all Americans.” “Bessent has been on the side of less aggressive tariffs,” said Oxford Economics’ Ryan Sweet, adding that picking him makes the steep tariffs Trump proposed on the campaign trail less likely. Bessent follows other financial luminaries who have taken the job, including former Goldman Sachs executives Robert Rubin, Hank Paulson and Steven Mnuchin, Trump’s first Treasury chief. Janet Yellen, the current secretary and first woman in the job, previously chaired the Federal Reserve and White House Council of Economic Advisers. As Treasury secretary, Bessent will essentially be the highest-ranking U.S. economic official, responsible for maintaining the plumbing of the world’s largest economy, from collecting taxes and paying the nation’s bills to managing the $28.6-trillion Treasury debt market and overseeing financial regulation, including handling and preventing market crises. The Treasury boss also runs US financial sanctions policy, has influence over the US-led International Monetary Fund, World Bank and other international financial institutions, and manages national security screenings of foreign investments in the United States. Bessent will face challenges, including safely managing federal deficits that are forecast to grow by nearly $8 trillion over a decade due to Trump’s plans to extend expiring tax cuts next year and add generous new breaks, including ending taxes on Social Security income. Without offsetting revenues, this new debt would add to an unsustainable fiscal trajectory already forecast to balloon US debt by $22 trillion through 2033. Managing debt increases this large without market indigestion will be a challenge, though Bessent has argued Trump’s agenda will unleash stronger economic growth that will grow revenue and shore up market confidence, opens new tab. Bessent will also inherit the role carved out by Yellen to lead the Group of Seven wealthy democracies in providing tens of billions of dollars in economic support for Ukraine in its fight against Russia’s invasion and tightening sanctions on Moscow. But it is unclear whether he will pursue this, given Trump’s desire to end the war quickly and withdraw US financial support for Ukraine. Another area where Bessent will likely differ from Yellen is her focus on climate change, from her mandate that development banks expand lending for clean energy to incorporating climate risks into financial regulations and managing hundreds of billions of dollars in clean-energy tax credits. Trump, a climate-change skeptic, has vowed to increase production of US fossil fuel energy and end the clean-energy subsidies in President Joe Biden’s 2022 Inflation Reduction Act. The Treasury secretary is also the administration’s closest point of contact with the Federal Reserve. Both Yellen under Biden and Mnuchin under Trump typically met weekly with Fed Chair Jerome Powell, often over breakfast or lunch. Bessent has floated the idea of creating a “shadow” Fed chair. This would entail nominating as early as possible a presumptive Powell successor to the Fed Board who would then deliver their own policy guidance so that, as Bessent told Barron’s last month, “no one is really going to care what Jerome Powell has to say anymore.” Bessent has since said he no longer thinks the idea of a shadow chair is worth pursuing, the Wall Street Journal reported. Powell’s term as Fed chair expires in May 2026. Bessent, along with John Paulson, had been an early favorite for job earlier in the year according to a Reuters report at the time and seemed to be in pole position a week after election day, on Nov. 12, when Paulson exited the race citing “complex financial obligations”. However, there were many twists in the race for the top position. On 13 November, banker Howard Lutnick, who was leading a transition team to vet personnel and draft policy, emerged as a top contender. Lutnick, however, was taken out of the running after Trump nominated him to lead his trade and tariff strategy as head of the Commerce Department. The pool of candidates then widened when Rowan, and former Federal Reserve Governor Kevin Warsh were under consideration as well as Republican US Senator Bill Hagerty, sources with knowledge of the transition process said at the time. Reporting by Steve Holland, Alexandra Ulmer, David Lawder, Lawrence Delevingne, Ann Saphir, Costas Pitas, Nathan Layne and Jasper Ward, Reuters
Wednesday, December 18, 2024 Last month in Miami, the Caribbean Hotel and Tourism Association (CHTA) successfully hosted the Caribbean Hospitality Industry Exchange Forum (CHIEF), a gathering of top professionals from the Caribbean’s hospitality and tourism sectors. This year’s CHIEF was themed “Keeping It Real: Amplifying Caribbean Tourism through Authenticity, Integration, and Immersion,” focusing on delivering genuine travel experiences that transcend the typical attractions of sun, sea, and sand. The event highlighted the importance of tapping into the region’s cultural wealth to offer immersive, tailored experiences that appeal to today’s travelers who seek authentic engagements. One attendee shared, “CHTA CHIEF 2024 was very informative, and the topics were timely as we seek to establish a truly authentic tourism product in the Caribbean. The unique opportunity to speak directly with panelists and speakers, which is often limited at other conferences, stood out. Overall, it was a fantastic experience for networking, sharing, and brainstorming. I have no reservations about recommending CHIEF 2025.” Building on this enthusiasm, CHTA President Sanovnik Destang said, “The positive feedback we’ve received highlights just how vital these discussions are for the Caribbean tourism industry. As we continue to embrace authenticity, sustainability, technology and innovation, we’re ensuring that the region’s tourism remains vibrant, resilient, and poised for future success.” Event highlights included: The opening keynote by Gregory G. Habeeb, Chief Development Officer at WorldHotels NA, was particularly striking. He underscored that today’s luxury travel transcends opulent amenities, focusing instead on creating impactful, lasting experiences. Referencing a Skift report, Habeeb identified cuisine, culture, community, content, and customization as the new pillars of luxury travel. He noted that independent hotels are especially poised to meet the increasing demand for authentic experiences. The forum also emphasized “Real Revenue Strategies,” advocating for authentic offerings as a way to boost profits year-round. The integration of local culture, whether through partnerships, events, or culinary initiatives, was discussed as crucial to enriching guest experiences and enhancing profitability. Additionally, the potential of sports tourism was highlighted, with a call to utilize local sports as a means to enrich travel experiences and drive visitor engagement. Sustainability emerged as a central theme, with various discussions addressing how sustainable practices can balance profitability. The importance of local collaborations in fostering significant environmental initiatives was underscored, with a push for hotels to embrace circular economy practices and renewable resources. The event also delved into “Cultural Competency and Diversity,” emphasizing the importance of understanding the cultural backgrounds of guests to provide personalized service. The use of AI-driven analytics to grasp guest preferences and the promotion of cultural exchanges between staff and visitors were recommended as strategies to enhance service delivery. “Showcasing Authentic Caribbean Cuisine” was a major focus, highlighting the role of Caribbean culinary traditions in defining the region’s tourism appeal. The sessions encouraged hotels to maintain and innovate on these culinary traditions to provide unforgettable dining experiences. “Technology and Innovation in Hospitality” explored the role of technological advancements like AI, virtual assistants, and QR codes in refining guest services and operational efficiency. This year’s CHIEF pushed for the adoption of digital tools to enhance authenticity and streamline the guest experience. CHTA’s CEO, Vanessa Ledesma, emphasized the importance of authenticity and collaboration for the future of Caribbean tourism. “Our region’s diversity is our greatest asset. By focusing on authentic, immersive experiences, we can continue to lead in the global travel market,” said CHTA CEO Vanessa Ledesma . CHTA members were offered exclusive access to a summary of key insights and actionable strategies from CHIEF 2024, aimed at implementing cutting-edge trends in Caribbean hospitality. The event was supported by numerous partners, with special thanks extended to Platinum Partners such as Anything But Advertising, Carnival Corporation & PLC, Hovr, IDeaS – a SAS Company, Interval International, Mastercard, and Tambourine. Gold Partners included Coho Reservations, MyBookingRewards, taCONNECT, and The Anything Group, with Amadeus, Cloudbeds, and Marketplace Excellence as Silver Partners. Their support was crucial to the event’s success.
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The United States called Monday for de-escalation in Syria, where an Islamist-led rebel alliance has wrested swathes of territory from the control of President Bashar al-Assad's government in a lightning offensive. The European Union also called on "all sides to de-escalate", while UN Secretary-General Antonio Guterres said he was "alarmed" by the violence and called for an immediate halt to the fighting. Syria has been at war since Assad cracked down on democracy protests in 2011. The conflict has since drawn in foreign powers and jihadists, and left 500,000 people dead. The conflict had been mostly dormant with Assad back in control of much of the country, until last week when the Islamist-led rebel alliance began its offensive. The attack has seen swathes of Syria fall to rebel control, including second city Aleppo for the first time since the start of the civil war. "We want to see all countries use their influence -- use their leverage -- to push for de-escalation, protection of civilians and ultimately, a political process forward," US State Department spokesman Matthew Miller told reporters. In a statement issued by EU foreign affairs spokesperson Anouar El Anouni, the European Union also called for de-escalation and the protection of civilians, while also condemning Assad backer Russia for conducting air strikes in his support. Russia first intervened directly in Syria's war in 2015 with strikes on rebel-held areas. Its help, along with that of Iran and Lebanese militant group Hezbollah, were instrumental in propping up Assad's rule. On Monday President Vladimir Putin and Iran's President Masoud Pezeshkian both pledged "unconditional support" for their ally, according to the Kremlin. Aleppo is home to two million people and saw fierce fighting earlier in the war. The Islamist Hayat Tahrir al-Sham (HTS) and its allies took the city at the weekend, except for neighbourhoods controlled by Kurdish forces, according to the Syrian Observatory for Human Rights. They also seized Aleppo International Airport. HTS, led by Al-Qaeda's former Syria branch, has faced accusations of human rights abuses including torturing detainees. Abu Sufyan, a rebel commander, told AFP: "God willing, we will continue, go into Damascus and liberate the rest of Syria." One Aleppo resident spoke of panic. "There were terrible traffic jams -- it took people 13 to 15 hours to reach Homs" in central Syria, which is under government control. Normally, he said, it would take a couple of hours. AFPTV footage showed rebels patrolling the streets, some burning a Syrian flag and others holding the flag of the revolution. On Monday, Assad branded the rebel offensive led by HTS an attempt to redraw the regional map in line with US interests. His comments came in a call with Iran's Pezeshkian, who in turn pledged continued support and said Iran hoped "Syria will pass through this stage with success and victory". On Monday, Syrian and Russian air raids on several areas of Idlib province in the northwest killed 11 civilians including five children, the Observatory said. "The strikes targeted... families living on the edge of a displacement camp," said Hussein Ahmed Khudur, a 45-year-old teacher who sought refuge at the camp from fighting in Aleppo province. Other strikes in Aleppo killed four civilians, two of them children, the Observatory said, adding that air raids also targeted a Christian-majority neighbourhood. AFPTV footage showed rebels pushing into Hama province in central Syria. Syria's defence ministry said troops were clashing with "terrorist organisations" in the northern Hama countryside. Islamist-led rebels killed six civilians on Monday in a rocket attack on the government-held city of Hama, the Observatory said. Aron Lund of the Century International think tank said a major question hangs over possible Turkish involvement. "I have a hard time imagining that Turkey-backed groups could launch a major rebel offensive out of Turkey-held areas without Turkey being very significantly involved," he said. "But I also don't think Turkey necessarily wanted the rebels to get this far." Turkey's President Recep Tayyip Erdogan called for an end to the "instability" in Syria and an agreement to stop the civil war. On a visit to Ankara, Iranian Foreign Minister Abbas Araghchi said it was crucial "to protect the achievements" of the so-called Astana process to end Syria's civil war, which involves Turkey, Russia and Iran. Several hours later, he said the respective foreign ministers would meet on the matter next weekend in Qatar. "We will try to activate this process again," he said. While the current fighting is rooted in a war that began more than a decade ago, much has changed since then. Millions of Syrians have been displaced, with about 5.5 million now in neighbouring countries. Most of those involved in the initial anti-Assad protests are either dead, in jail or in exile. Russia is at war in Ukraine, and Iran's militant allies Hezbollah and Hamas have been massively weakened by more than a year of conflict with Israel. Lebanon's Hezbollah played a key role in backing government forces particularly around Aleppo, but it withdrew from several positions to focus on fighting Israel. HTS and its allies launched their offensive on Wednesday, the day a Lebanon ceasefire began. The violence in Syria has killed 514 people, mostly combatants but also including 92 civilians, according to the Observatory. burs-srm-ser/smw
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