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MULGRAVE — With expanded services and a renewed commitment to community good works in the new year, Eastern Counties Regional Library (ECRL) is re-writing the rulebook on building relationships with the municipalities it serves, says its chief executive officer. “I think everybody is interested in doing better and more for the community,” Laura Emery told The Journal in a recent year-end interview. “I think the province has a real understanding of the reach of public libraries. Strengthening relations with [our] municipal partners [ensures] that we [bring] the best that we can to the community.” According to ECRL’s 2023-24 annual report, released last month, the signs are promising. In one year, the number of new users at its nine branches in Cape Breton and northeastern Nova Scotia communities – including Guysborough, Canso and Sherbrooke – has jumped by 871, which included 57 at the Cyril Ward Memorial Public Library in Guysborough town, 41 at the Canso Public Library and 89 at the Sherbrooke Public Library. As well, the report shows, circulation (books and other reading materials) was 16 per cent higher in all locations – to 95,000 units, from 80,000, in 2022-23. That included a 20 per cent increase in Guysborough alone – to 11,131 from 9,207. Meanwhile, branch hours increased to 14,227, from 13,041, system wide. Even more notable was the growth in the number of public library programs – to 328 from 164 – and their growing attendance – to 2,000 from just more than 1,000 between 2022-23 and 2023-24. Wrote ECRL board chair Clair Rankin in the annual report: “Increased in-person programming [provided] more opportunities for community members to engage and learn ... demonstrating the value of flexible learning options. Increasing partnerships and better supporting local library staff helped to make these changes happen. Clearly, working with the community and our municipal partners is the way foreword.” This hasn’t always been easy. The oldest and one of the largest regional library systems, by geographic area, in Nova Scotia – catering to more than 32,000 residents the counties of Guysborough, Inverness, and Richmond, as well as the Town of Port Hawkesbury – ECRL receives two-thirds of its roughly $1-million annual budget from the provincial government. It gets the rest from four municipal councils, with which it’s in regular contact but, historically, not always in agreement. One well-publicized dispute with the Municipality of the District of St. Mary’s council over funding, for example, actually went to provincial mediation in 2022. The issue was resolved in April of this year when both parties signed a memorandum of understanding to enhance collaboration and communications between them. “To create such a specific agreement with one of our partners and really formalize ways that we can always be working together, always be communicating and bringing the best to the community, is historic,” Emery told local media at the announcement in Mulgrave at the time. Today, she’s even more adamant about making things work collaboratively. “Positive actions organically lead to a more positive and encouraging environment,” she told The Journal. “I think we’re certainly heading in a good direction.” Much of that may have to do with the provincial government’s growing realization that at a time of rising costs and housing shortages, rural libraries in general and ECRL, in particular, have important roles to play in shoring up the social and even economic well being of their communities. Additional provincial funding – not related to core programming – is helping ECRL position itself as a community hub. Over the past year, Rankin noted in the annual report, “Eastern Counties Regional Library expanded its role in supporting community well-being. Special funding from the province [has] allow[ed] ECRL to give away menstrual products, diapers and incontinence pads to help with the increasing cost of living. We’ve been distributing COVID-19 test kits for a few years, so these new offerings easily fit into our library locations. Items are on display, and people can drop by and pick up what they or their family and friends need.” The library has also established seed banks at its branches and recently received a $42,000 contribution from the Department of Communities, Culture, Tourism, and Heritage to conduct strategic planning and community engagement on potential, new initiatives. “It is a tremendous example of how public libraries can do so much more to benefit the community if they have the funding,” Rankin concluded in his message. “My hope is this trend of special project funding will continue.” Certainly, ECRL’s efforts have not gone unnoticed among some of its municipal partners. At the Nov. 20 Municipality of the District of Guysborough regular council meeting, Councillor Mary Desmond (district #2) praised the “vibrancy” and “informative” content of this year’s annual report. Warden Paul Long added: “There seems to be a greater sense of cooperation and collegiality between the library and municipalities.” Said Emery: “I am very happy to hear that. I think provincial funding for community initiatives ... has demonstrated the additional value that a library can bring to a community. And, that’s probably helping with the positive perception of the Eastern Counties Regional Library. Things are starting to turn around and, you know ... that’s great.”Boxing Day shopper footfall was down 7.9% from last year across all UK retail destinations up until 5pm, MRI Software’s OnLocation Footfall Index found. However, this year’s data had been compared with an unusual spike in footfall as 2023 was the first “proper Christmas” period without Covid-19 pandemic restrictions, an analyst at the retail technology company said. It found £4.6 billion will be spent overall on the festive sales. Before the pandemic the number of Boxing Day shoppers on the streets had been declining year on year. The last uplift recorded by MRI was in 2015. Jenni Matthews, marketing and insights director at MRI Software, told the PA news agency: “We’ve got to bear in mind that (last year) was our first proper Christmas without any (Covid-19) restrictions or limitations. “Figures have come out that things have stabilised, we’re almost back to what we saw pre-pandemic.” There were year-on-year declines in footfall anywhere between 5% and 12% before Covid-19 restrictions, she said. MRI found 12% fewer people were out shopping on Boxing Day in 2019 than in 2018, and there were 3% fewer in 2018 than in 2017, Ms Matthews added. She said: “It’s the shift to online shopping, it’s the convenience, you’ve got the family days that take place on Christmas Day and Boxing Day.” People are also increasingly stocking-up before Christmas, Ms Matthews said, and MRI found an 18% increase in footfall at all UK retail destinations on Christmas Eve this year compared with 2023. Ms Matthews said: “We see the shops are full of people all the way up to Christmas Eve, so they’ve probably got a couple of good days of food, goodies, everything that they need, and they don’t really need to go out again until later on in that week. “We did see that big boost on Christmas Eve. It looks like shoppers may have concentrated much of their spending in that pre-Christmas rush.” Many online sales kicked off between December 23 and the night of Christmas Day and “a lot of people would have grabbed those bargains from the comfort of their own home”, she said. She added: “I feel like it’s becoming more and more common that people are grabbing the bargains pre-Christmas.” Footfall is expected to rise on December 27 as people emerge from family visits and shops re-open, including Next, Marks and Spencer and John Lewis that all shut for Boxing Day. It will also be payday for some as it is the last Friday of the month. A study by Barclays Consumer Spend had forecast that shoppers would spend £236 each on average in the Boxing Day sales this year, but that the majority of purchases would be made online. Nearly half of respondents said the cost-of-living crisis will affect their post-Christmas shopping but the forecast average spend is still £50 more per person than it was before the pandemic, with some of that figure because of inflation, Barclays said. Amid the financial pressures, many people are planning to buy practical, perishable and essential items such as food and kitchenware. A total of 65% of shoppers are expecting to spend the majority of their sales budget online. Last year, Barclays found 63.9% of Boxing Day retail purchases were made online. However, a quarter of respondents aim to spend mostly in store – an 11% rise compared with last year. Karen Johnson, head of retail at Barclays, said: “Despite the ongoing cost-of-living pressures, it is encouraging to hear that consumers will be actively participating in the post-Christmas sales. “This year, we’re likely to see a shift towards practicality and sustainability, with more shoppers looking to bag bargains on kitchen appliances and second-hand goods.” Consumers choose in-store shopping largely because they enjoy the social aspect and touching items before they buy, Barclays said, adding that high streets and shopping centres are the most popular destinations.COLUMBUS, Ohio - In response to lake effect snow accumulations as deep as 5 feet with more on the way, Ohio Gov. Mike DeWine on Tuesday declared a state of emergency in Cuyahoga, Lake, Geauga and Ashtabula counties. In addition to hazardous road conditions, multiple hazards are anticipated in the coming days, including snow squalls and wind gusts of more than 40 miles an hour with potential gales across Lake Erie, DeWine’s office said. “In addition to the support the state has already provided, we anticipate that more state resources will be necessary as the week progresses,” said a statement from DeWine. “This proclamation readies our state agencies to assist the impacted counties without delay.” A lake-effect snowstorm has pounded northern portions of Ashtabula County, with more than 5 feet of snow recorded in Saybrook Township, just west of Ashtabula city. Spotters with the National Weather Service marked 61.2 inches of snow in Saybrook as of 6:20 p.m. Monday. To demonstrate the fickle nature of lake-effect snow, Orwell Village, located about 20 miles south of Saybrook, had only 5 inches of snow. Lake County’s Madison had recorded 45 inches as of 7:10 p.m. on Monday, while Concord Township had 33.6 inches by 8:55 p.m. Cuyahoga County avoided the heaviest snow, with Richmond Heights recording 1.6 inches. Geauga County, usually the heart of the snow belt, also didn’t get the brunt of the storm, with 12 inches recorded in Montville Township. And more is on the way. The National Weather Service has warned of another storm system set to hit the region on Wednesday night and into Thursday. It will produce strong winds, snow squalls, lake effect snow and single-digit wind chills. Areas of the snowbelt could see 6 to 12 inches of snow, with a winter storm watch in effect for an area that stretches from Cuyahoga northeast through Lake, Geauga, Ashtabula, and into western Pennsylvania. The watch is valid from 4 p.m. Wednesday until 3 a.m. Friday. Stories by Sabrina Eaton Ohio Secretary of State Frank LaRose rejects GOP challenge to U.S. Rep. Emilia Sykes’ Akron residency Sen. Sherrod Brown blasts credit reporting agencies for ditching banking committee hearing Trump vowed to roll back regulations targeting climate change. How will the Great Lakes fare? Since heavy snowfall began last week, the Ohio Department of Transportation (ODOT) has been working to remove snow on state and local roadways throughout the region. ODOT staff and heavy equipment from nearby counties that did not experience heavy snowfall were relocated to hardest hit areas to supplement local crews in clearing major streets and access to hospitals, DeWine’s office says. The Ohio State Highway Patrol also dedicated additional staff to respond to crashes on state roads, as well as to support local law enforcement with traffic crashes on local roads as needed, according to DeWine’s office. The Ohio Emergency Management Agency will continue to engage with the impacted counties to assess needs and offer assistance. Cliff Pinckard contributed to this report. Sabrina Eaton writes about the federal government and politics in Washington, D.C., for cleveland.com and The Plain Dealer.
Post Office scandal, the musical? In the UK, news and entertainment blur.The slump in the number of people heading to the shops during Boxing Day sales signals a return to declining pre-pandemic levels, an analyst has said. Boxing Day shopper footfall was down 7.9% from last year across all UK retail destinations up until 5pm, MRI Software’s OnLocation Footfall Index found. However, this year’s data had been compared with an unusual spike in footfall as 2023 was the first “proper Christmas” period without Covid-19 pandemic restrictions, an analyst at the retail technology company said. It found £4.6 billion will be spent overall on the festive sales. Jenni Matthews, marketing and insights director at MRI Software, told the PA news agency: “We’ve got to bear in mind that (last year) was our first proper Christmas without any (Covid-19) restrictions or limitations. “Figures have come out that things have stabilised, we’re almost back to what we saw pre-pandemic.” There were year-on-year declines in footfall anywhere between 5% and 12% before Covid-19 restrictions, she said. MRI found 12% fewer people were out shopping on Boxing Day in 2019 than in 2018, and there were 3% fewer in 2018 than in 2017, Ms Matthews added. People are also increasingly stocking-up before Christmas, Ms Matthews said, and MRI found an 18% increase in footfall at all UK retail destinations on Christmas Eve this year compared with 2023. Ms Matthews said: “We see the shops are full of people all the way up to Christmas Eve, so they’ve probably got a couple of good days of food, goodies, everything that they need, and they don’t really need to go out again until later on in that week. “We did see that big boost on Christmas Eve. It looks like shoppers may have concentrated much of their spending in that pre-Christmas rush.” Many online sales kicked off between December 23 and the night of Christmas Day and “a lot of people would have grabbed those bargains from the comfort of their own home”, she said. Footfall is expected to rise on December 27 as people emerge from family visits and shops re-open, including Next, Marks and Spencer and John Lewis that all shut for Boxing Day. It will also be payday for some as it is the last Friday of the month. A study by Barclays Consumer Spend had forecast that shoppers would spend £236 each on average in the Boxing Day sales this year, but that the majority of purchases would be made online. Nearly half of respondents said the cost-of-living crisis will affect their post-Christmas shopping but the forecast average spend is still £50 more per person than it was before the pandemic, with some of that figure because of inflation, Barclays said. A total of 65% of shoppers are expecting to spend the majority of their sales budget online. Last year, Barclays found 63.9% of Boxing Day retail purchases were made online. However, a quarter of respondents aim to spend mostly in store – an 11% rise compared with last year. Karen Johnson, head of retail at Barclays, said: “Despite the ongoing cost-of-living pressures, it is encouraging to hear that consumers will be actively participating in the post-Christmas sales. “This year, we’re likely to see a shift towards practicality and sustainability, with more shoppers looking to bag bargains on kitchen appliances and second-hand goods.” Consumers choose in-store shopping largely because they enjoy the social aspect and touching items before they buy, Barclays said, adding that high streets and shopping centres are the most popular destinations.Justice Department announces sweeping reforms to curb suicides in federal prisons and jails
US budget airlines are struggling. Will pursuing premium passengers solve their problems? DALLAS (AP) — Delta and United Airlines have become the most profitable U.S. airlines by targeting premium customers while also winning a significant share of budget travelers. That is squeezing smaller low-fare carriers like Spirit Airlines, which filed for bankruptcy protection on Monday. Some travel industry experts think Spirit’s troubles indicate less-wealthy passengers will have fewer choices and higher prices. Other discount airlines are on better financial footing but also are lagging far behind the full-service airlines when it comes to recovering from the COVID-19 pandemic. Most industry experts think Frontier and other so-called ultra-low-cost carriers will fill the vacuum if Spirit shrinks, and that there's still plenty of competition to prevent prices from spiking. Bitcoin ticks closer to $100,000 in extended surge following US elections NEW YORK (AP) — Bitcoin is jumping again, setting another new high above $99,000. The cryptocurrency has been shattering records almost daily since the U.S. presidential election, and has rocketed more than 40% higher in just two weeks. It's now at the doorstep of $100,000. Cryptocurrencies and related investments like crypto exchange-traded funds have rallied because the incoming Trump administration is expected to be more “crypto-friendly.” Still, as with everything in the volatile cryptoverse, the future is hard to predict. And while some are bullish, other experts continue to warn of investment risks. Supreme Court steps into fight over FCC's $8 billion subsidies for internet and phone services WASHINGTON (AP) — The Supreme Court has stepped into a major legal fight over the $8 billion a year the federal government spends to subsidize phone and internet services in schools, libraries and rural areas, in a new test of federal regulatory power. The justices on Friday agreed to review an appellate ruling that struck down as unconstitutional the Universal Service Fund. The Federal Communications Commission collects money from telecommunications providers, who then pass the cost on to their customers. The Biden administration appealed the lower court ruling, but the case probably won’t be argued until late March. At that point, the Trump administration will be in place and it is not clear whether it will take a different view of the issue. Stock market today: Wall Street gains ground as it notches a winning week and another Dow record Stocks closed higher on Wall Street, giving the market its fifth gain in a row and notching another record high for the Dow Jones Industrial Average. The S&P 500 rose 0.3% Friday. The Dow added 1%, and the Nasdaq composite tacked on 0.2%. Retailers had some of the biggest gains. Gap soared after reporting quarterly results that easily beat analysts' estimates. EchoStar fell after DirecTV called off its purchase of that company's Dish Network unit. European markets closed mostly higher and Asian markets ended mixed. Treasury yields held relatively steady in the bond market. Crude oil prices gained ground. Australia rejects Elon Musk's claim that it plans to control access to the internet MELBOURNE, Australia (AP) — An Australian Cabinet minister has rejected X Corp. owner Elon Musk’s allegation that the government intends to control all Australians' access to the internet through legislation that would ban young children from social media. Treasurer Jim Chalmers said on Friday that Musk’s criticism was “unsurprising” after the government introduced legislation to Parliament that would fine platforms including X up to $133 million for allowing children under 16 to hold social media accounts. The spat continues months of open hostility between the Australian government and the tech billionaire over regulators’ efforts to reduce public harm from social media. Parliament could pass the legislation as soon as next week. Oil company Phillips 66 faces federal charges related to alleged Clean Water Act violations LOS ANGELES (AP) — Oil company Phillips 66 has been federally indicted in connection with alleged violations of the Clean Water Act in California. The Texas-based company is accused of discharging hundreds of thousands of gallons of industrial wastewater containing excessive amounts of oil and grease. The U.S. Department of Justice announced the indictment on Thursday. Phillips is charged with two counts of negligently violating the Clean Water Act and four counts of knowingly violating the Clean Water Act. An arraignment date has not been set. A spokesperson for the company said it was cooperating with prosecutors. US regulators seek to break up Google, forcing Chrome sale as part of monopoly punishment U.S. regulators want a federal judge to break up Google to prevent the company from continuing to squash competition through its dominant search engine after a court found it had maintained an abusive monopoly over the past decade. The proposed breakup floated in a 23-page document filed late Wednesday by the U.S. Justice Department calls for Google to sell its industry-leading Chrome web browser and impose restrictions designed to prevent Android from favoring its search engine. Regulators also want to ban Google from forging multibillion-dollar deals to lock in its dominant search engine as the default option on Apple’s iPhone and other devices. New York judge rejects state efforts to shutter bitcoin mine over climate concerns NEW YORK (AP) — A New York judge has rejected an effort by state regulators to shutter a bitcoin mine over concerns about its greenhouse gas emissions. The decision will allow the Greenidge power plant to continue operating in the Finger Lakes region of the state. The state had previously found the gas-powered crypto mine ran afoul of a climate law intended to limit greenhouse gas emissions. But on Thursday, a state Supreme Court judge found Greenidge was entitled to a process to defend its continued operation. Environmental groups have protested the facility, which they allege is pumping emissions into the air while contaminating the nearby Seneca Lake. What you need to know about the proposed measures designed to curb Google's search monopoly U.S. regulators are proposing aggressive measures to restore competition to the online search market after a federal judge ruled that Google maintained an illegal monopoly. The sweeping set of recommendations filed late Wednesday could radically alter Google’s business. Regulators want Google to sell off its industry-leading Chrome web browser. They outlined a range of behavioral measures such as prohibiting Google from using search results to favor its own services such as YouTube, and forcing it to license search index data to its rivals. They're not going as far as to demand Google spin off Android, but are leaving that door open if the remedies don't work. Apple and Google face UK investigation into mobile browser dominance LONDON (AP) — A British watchdog says Apple and Google aren't giving consumers a genuine choice of mobile web browsers. The watchdog's report Friday recommends they face an investigation under new U.K. digital rules taking effect next year. The Competition and Markets Authority took aim at Apple, saying the iPhone maker’s tactics hold back innovation by stopping rivals from giving users new features like faster webpage loading. The CMA’s report also found that Apple and Google manipulate the choices given to mobile phone users to make their own browsers “the clearest or easiest option.” Apple said it disagreed with the findings.Aurora Mayor Richard Irvin focused on innovation and technology during his fourth and final State of the City address of the year on Wednesday night. The mayor decided to break his State of the City address this year into quarterly speeches, each focusing on a different theme. During the speech on Wednesday, which was held at the Aurora factory and headquarters of Gripple Inc., Irvin said that Aurora has a history of innovation, such as its early adoption of electric street lights, and the city is continuing to embrace that spirit as it heads into the future. “Aurora is no longer simply the City of Lights. We are becoming a city of bytes, bandwidth and breakthroughs. We’re becoming the City of Light Speed,” he said. Irvin declared the state of innovation and technology in Aurora is “community focused, commerce driven and competitively positioned to make Aurora a ‘smart city’ for others to model for years to come.” While the city has made “significant strides” in recent years to be a regional hub of innovation through partnering with tech companies, local startups and academic institutions, it is also working toward a “digitally-inclusive future” through projects like expanding access to broadband internet and “smart city initiatives,” according to Irvin. He said Aurora has attracted investments from businesses like CyrusOne, which have driven economic growth and created high-paying jobs in the community. The city is also the site of the first-ever “smart neighborhood” by Nicor Gas and Habitat for Humanity, which is a planned community with 17 affordable and carbon neutral single-family homes, he said. However, the city also understands that innovation also comes from “the entrepreneurial spirit of individuals with bold ideas,” which is why it has “prioritized fostering an environment where small businesses and startups can thrive” through initiatives like technology incubators, business mentorships programs and funding opportunities, Irvin said. Aurora’s city government has itself made a number of technological advances, including the launch of its new open data portals for many city departments, such as the police department and the mayor’s office of economic development, with more set to be launched soon, he said. Technological advancements like upgraded cameras and cybersecurity upgrades have also helped to make the city safer, Irvin said. The city’s recently launched Destination Aurora app was also highlighted during Irvin’s speech. The app allows users to explore and book downtown dining, shows and hotels all in one place. But innovation within Aurora goes beyond technology, according to Irvin. He said city staff is working to solve social issues through creative programs and practices such as the Financial Empowerment Center and the new Aurora Promise program, which looks to give all kindergarten students in Aurora an educational savings account with a starting balance of $50. Aurora is continuing to look to the future and how new technology will impact it as it is developing a “comprehensive policy strategy and road map” around generative artificial intelligence, according to Irvin. He said that the “initiative aims to address unique challenges and harness the transformative potential” of generative artificial intelligence. rsmith@chicagotribune.comAaron Rodgers Fights Back From Injury, Buddies Up With RFK Jr. in Trailer for Netflix Doc Enigma — Watch - TVLine
THE NATIONAL GALLERY OF CANADA TEASES ITS 2025 EXHIBITIONS
Who Is David Bakhtiari’s Wife, Franki Shebby & What Is Their Relationship History?COLUMBUS, Ohio (AP) — A fight broke out at midfield after Michigan stunned No. 2 Ohio State 13-10 on Saturday as Wolverines players attempted to plant their flag and were met by Buckeyes who confronted them. Police had to use pepper spray to break up the players, who threw punches and shoves in the melee that overshadowed the rivalry game. Ohio State police said in a statement “multiple officers representing Ohio and Michigan deployed pepper spray.” Ohio State police will investigate the fight, according to the statement. After the Ohio State players confronted their bitter rivals at midfield, defensive end Jack Sawyer grabbed the top of the Wolverines' flag and ripped it off the pole as the brawl moved toward the Michigan bench. Eventually, police officers rushed into the ugly scene. Ohio State coach Ryan Day said he understood the actions of his players. “There are some prideful guys on our team who weren't going to sit back and let that happen,” Day said. The two Ohio State players made available after the game brushed off questions about it. Michigan running back Kalel Mullings, who rushed for 116 yards and a touchdown, didn't like how the Buckeyes players involved themselves in the Wolverines' postgame celebration. He called it “classless.” “For such a great game, you hate to see stuff like that after the game," he said in an on-field interview with Fox Sports. “It’s just bad for the sport, bad for college football. But at the end of the day, you know some people got to — they got to learn how to lose, man. ... We had 60 minutes, we had four quarters, to do all that fighting.” Michigan coach Sherrone Moore said everybody needs to do better. “So much emotions on both sides," he said. "Rivalry games get heated, especially this one. It’s the biggest one in the country, so we got to handle that better.” Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-footballMounties in Richmond, B.C., say a man has been arrested for allegedly uttering threats against police while livestreaming on a social media platform. RCMP say they received the complaint about the man on Friday morning as he stood outside Richmond City Hall. Police say officers flooded the area and made an arrest without any incident. Insp. Michael Cohee, with RCMP investigative services, says they commend the person who recognized the potential risk and called police. He says they take public safety and threats of violence “very seriously,” whether they are online or in person. Police haven’t said what charges are being considered but say the investigation is ongoing.
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NEW YORK (AP) — What a wonderful year 2024 has been for investors. U.S. stocks ripped higher and carried the S&P 500 to records as the economy kept growing and the Federal Reserve began cutting interest rates. The year featured many familiar winners, such as Big Tech, which got even bigger as their stock prices kept growing . But it wasn’t just Apple, Nvidia and the like. Bitcoin , gold and other investments also drove higher. Here’s a look at some of the numbers that defined the year. All are as of Dec. 20. Remember when President Bill Clinton got impeached or when baseball’s Mark McGwire hit his 70th home run against the Montreal Expos? That was the last time the U.S. stock market closed out a second straight year with a leap of at least 20%, something the S&P 500 is on track to do again this year. The index has climbed 24.3% so far this year, not including dividends, following last year’s spurt of 24.2%. The number of all-time highs the S&P 500 has set so far this year. The first came early, on Jan. 19, when the index capped a two-year comeback from the swoon caused by high inflation and worries that high interest rates instituted by the Federal Reserve to combat it would create a recession. But the index was methodical through the rest of the year, setting a record in every month outside of April and August, according to S&P Dow Jones Indices. The latest came on Dec. 6. The number of times the Federal Reserve has cut its main interest rate this year from a two-decade high, offering some relief to the economy. Expectations for those cuts, along with hopes for more in 2025, were a big reason the U.S. stock market has been so successful this year. The 1 percentage point of cuts, though, is still short of the 1.5 percentage points that many traders were forecasting for 2024 at the start of the year. The Fed disappointed investors in December when it said it may cut rates just two more times in 2025, fewer than it had earlier expected. That’s how many points the Dow Jones Industrial Average rose by the day after Election Day, as investors made bets on what Donald Trump’s return to the White House will mean for the economy and the world . The more widely followed S&P 500 soared 2.5% for its best day in nearly two years. Aside from bitcoin, stocks of banks and smaller winners were also perceived to be big winners. The bump has since diminished amid worries that Trump’s policies could also send inflation higher. The level that bitcoin topped to set a record above $108,000 this past month. It’s been climbing as interest rates come down, and it got a particularly big boost following Trump’s election. He’s turned around and become a fan of crypto, and he’s named a former regulator who’s seen as friendly to digital currencies as the next chair of the Securities and Exchange Commission, replacing someone who critics said was overly aggressive in his oversight. Bitcoin was below $17,000 just two years ago following the collapse of crypto exchange FTX. Gold’s rise for the year, as it also hit records and had as strong a run as U.S. stocks. Wars around the world have helped drive demand for investments seen as safe, such as gold. It’s also benefited from the Fed’s cut to interest rates. When bonds are paying less in interest, they pull away fewer potential buyers from gold, which pays investors nothing. It’s a favorite number of Elon Musk, and it’s also a threshold that Tesla’s stock price passed in December as it set a record. The number has a long history among marijuana devotees, and Musk famously said in 2018 that he had secured funding to take Tesla private at $420 per share . Tesla soared this year, up from less than $250 at the start, in part because of expectations that Musk’s close relationship with Trump could benefit the company. That’s how much revenue Nvidia made in the nine months through Oct. 27, showing how the artificial-intelligence frenzy is creating mountains of cash. Nvidia’s chips are driving much of the move into AI, and its revenue through the last nine months catapulted from less than $39 billion the year before. Such growth has boosted Nvidia’s worth to more than $3 trillion in total. GameStop’s gain on May 13 after Keith Gill, better known as “Roaring Kitty,” appeared online for the first time in three years to support the video game retailer’s stock, which he helped rocket to unimaginable heights during the “ meme stock craze ” in 2021. Several other meme stocks also jumped following his post in May on the social platform X, including AMC Entertainment. Gill later disclosed a sizeable stake in the online pet products retailer Chewy, but he sold all of his holdings by late October . That’s how much the U.S. economy grew, at annualized seasonally adjusted rates, in each of the three first quarters of this year. Such growth blew past what many pessimists were expecting when inflation was topping 9% in the summer of 2022. The fear was that the medicine prescribed by the Fed to beat high inflation — high interest rates — would create a recession. Households at the lower end of the income spectrum in particular are feeling pain now, as they contend with still-high prices. But the overall economy has remained remarkably resilient. This is the vacancy rate for U.S. office buildings — an all-time high — through the first three quarters of 2024, according to data from Moody’s. The fact the rate held steady for most of the year was something of a win for office building owners, given that it had marched up steadily from 16.8% in the fourth quarter of 2019. Demand for office space weakened as the pandemic led to the popularization of remote work. That’s the total number of previously occupied homes sold nationally through the first 11 months of 2024. Sales would have to surge 20% year-over-year in December for 2024’s home sales to match the 4.09 million existing homes sold in 2023, a nearly 30-year low. The U.S. housing market has been in a sales slump dating back to 2022, when mortgage rates began to climb from pandemic-era lows. A shortage of homes for sale and elevated mortgage rates have discouraged many would-be homebuyers.
NonePublished 5:07 pm Tuesday, December 3, 2024 By austinsubmitted James (Jim) “Red” C. Lastine, 83 James (Jim) “Red” Calvin Lastine, age 83, of Austin, Minnesota, passed away on November 25, 2024, surrounded by his loving family at Mayo Clinic Health System in Austin after a courageous battle with cancer. Jim was born on September 2, 1941, in Austin, MN, to Kenneth and Palma (Austinson) Lastine. He grew up in Austin and graduated from Austin High School in 1960, where he excelled in football, baseball, and developed a love for ice skating. After high school, Jim proudly served in the U.S. Army. On June 5, 1965, Jim married the love of his life, Diane Hogan. They were together for over 60 years and were blessed with five daughters. Jim worked for Hormel Foods in Austin for 36 years before retiring. Afterward, he enjoyed driving school buses for Palmer Bus Service in Austin, a job he cherished for many years. Jim’s life was filled with a variety of interests and hobbies. He loved collecting agates and coins, playing pool, bowling, horseshoes, beanbags, and fishing. A lifelong animal lover, Jim, rescued many cats and dogs over the years. He was an avid fan of Minnesota sports and could often be found watching games on TV. Jim also had a passion for technology, always eager to explore the latest gadgets and devices, his 1989 Jeep Grand Cherokee being one of his favorite possessions. Above all, Jim was a devoted husband, father, grandfather, and friend. He was truly a family man, and his love for his family was evident in everything he did. Though he was a man of few words, his actions spoke volumes, and his selflessness, gentleness, and kindness touched the hearts of everyone who knew him. We will forever cherish Jim’s sharp wit, his ability to light up any room with his one-liners, and his infectious sense of humor. His jokes brought laughter and joy to everyone lucky enough to hear them, leaving a lasting impression on all of us. He will be deeply missed, but his memory will continue to bring warmth and laughter to all who knew him. We thank God for letting us have him as long as we did, and we find comfort knowing that his legacy of love, kindness, and generosity will live on in the hearts of his family and friends. Jim is survived by his wife, Diane; daughters, Denise (Jason) Westcott, Donnell (Theodore) Lastine-Chopp, Dawn (Michael) Peitzman, Danna Nelson, and Dyan (Brant) Strouf; grandchildren, Ashley (Ben), Courtney (Mitch), Taylor (Alexys), Madeline, Maxwell, Cory, Troy, Anissa, Kylie (Tyler), Nathaniel, Grace, BreeAnna, Bethany, and Bryce; 10 great-grandchildren, Aidan, Kennedy, Drake, Lily, Jaden, Jace, Ellison, Brynley, Grayson, and Judah; sister, Charlene Hastings; nephew, Dale; nieces, Jamie and Joan; and many extended family members and friends. Jim was preceded in death by his parents, Palma and Kenneth Lastine; his sister, Belva and her husband, Roger Haugen; brother-in-law, Jim Hastings; mother and father-in-law, Madonna and L. Oscar Hogan; nephew, Jim Haugen; and granddaughter, Morgan Peitzman. A celebration of life for James will be held from 5:00-7:00 p.m. on Friday, December 27, 2024, at Worlein-Hoff Funeral Home in Austin. In lieu of flowers, the family requests donations be made to the Mower County Humane Society in Jim’s memory. Worlein-Hoff Funeral Homes are assisting the family with arrangements. Condolences may be expressed to the family online at www.worlein.com.For airports, background music no longer is an afterthoughtNone
With destruction at Lebanon border, Israel could seek buffer zone: expertsChina responded swiftly on Tuesday to new U.S. restrictions on semiconductor technology exports by imposing tighter controls on critical minerals used in chip manufacturing . The move targets gallium, germanium, and antimony — essential materials for advanced electronics and defense applications, The Wall Street Journal reports . What Happened : A day after the U.S. blacklisted 140 Chinese entities and restricted exports of memory chips vital to artificial intelligence, Beijing retaliated with export bans and reviews for U.S.-bound shipments of these minerals. The Chinese Ministry of Commerce justified the measures as necessary for national security. China also cautioned its businesses against purchasing American chips due to reliability and safety concerns. The restricted minerals are critical to the U.S. economy and defense supply chains, with Beijing accounting for a significant portion of imports between 2019 and 2022. For instance, the U.S. relied on China for 80% of its antimony needs during this period, WSJ reports. Also Read: Fed’s Kugler Sees Inflation Progress But Warns: ‘Policy Is Not On A Preset Course’ The new U.S. export controls, which took effect Monday , primarily target Chinese firms such as Naura Technology Group , Huawei -linked companies and equipment manufacturers. These measures also extend restrictions to non-U.S. chip suppliers reliant on American technologies, sparking concern among global players like Taiwan Semiconductor Manufacturing Co. TSM . Why It Matters: The clash underscores the fragility of global supply chains and the geopolitical stakes tied to semiconductor dominance. With China tightening its grip on critical materials, the U.S. faces mounting pressure to diversify its supply sources. Experts warn these developments could reshape the global semiconductor landscape as companies and governments navigate new trade barriers. U.S. firms such as Nvidia Corp. NVDA , Lam Research Corp. LRCX , and KLA Corp. KLAC may feel the ripple effects alongside international players exempt from these restrictions, including Dutch firm ASM International ASML . ETFs such as the Invesco Semiconductors ETF PSI and the SPDR S&P Semiconductor ETF XSD could also feel the effects of these trade restrictions, given their exposure to impacted companies. Read Next: South Korea ETFs, Won Pare Losses As Yoon Makes U-Turn On Martial Law Declaration Photo by Fahroni via Shutterstock This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.With Trump vowing tariffs, it might make sense to shop for new appliances nowPanchayat funds data not uploaded, HC warns Hry of action
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Oscar-winning EP Releases 'Kurt Vonnegut: Reporter on the Afterlife' for Shirley Chisholm Day on 100th birthday 11/30The Traitors star and new mum Charlotte Chilton SLAMS show winner Harry Clark for putting 'bro code first' and ghosting her amid her pregnancy with his pal Conor MaynardKYIV, Ukraine — NATO and Ukraine will hold emergency talks Tuesday after Russia attacked a central city with an experimental, hypersonic ballistic missile. escalating the nearly 33-month-old war. The conflict is “entering a decisive phase,” Poland’s Prime Minister Donald Tusk said Friday, and “taking on very dramatic dimensions.” Ukraine’s parliament canceled a session as security was tightened following Thursday’s Russian strike on a military facility in the city of Dnipro. In a stark warning to the West, President Vladimir Putin said in a nationally televised speech the attack with the intermediate-range Oreshnik missile was in retaliation for Kyiv’s use of U.S. and British longer-range missiles capable of striking deeper into Russian territory. Putin said Western air defense systems would be powerless to stop the new missile. Ukrainian military officials said the missile that hit Dnipro reached a speed of Mach 11 and carried six nonnuclear warheads, each releasing six submunitions. Speaking Friday to military and weapons industries officials, Putin said Russia will launch production of the Oreshnik. “No one in the world has such weapons,” he said. “Sooner or later, other leading countries will also get them. We are aware that they are under development. “We have this system now,” he added. “And this is important.” Putin said that while it isn’t an intercontinental missile, it’s so powerful that the use of several of them fitted with conventional warheads in one attack could be as devastating as a strike with strategic — or nuclear — weapons. Gen. Sergei Karakayev, head of Russia’s Strategic Missile Forces, said the Oreshnik could reach targets across Europe and be fitted with nuclear or conventional warheads, echoing Putin’s claim that even with conventional warheads, “the massive use of the weapon would be comparable in effect to the use of nuclear weapons.” Kremlin spokesman Dmitry Peskov kept up Russia's bellicose tone on Friday, blaming “the reckless decisions and actions of Western countries” in supplying weapons to Ukraine to strike Russia. "The Russian side has clearly demonstrated its capabilities, and the contours of further retaliatory actions in the event that our concerns were not taken into account have also been quite clearly outlined," he said. Hungarian Prime Minister Viktor Orbán, widely seen as having the warmest relations with the Kremlin in the European Union, echoed Moscow’s talking points, suggesting the use of U.S.-supplied weapons in Ukraine likely requires direct American involvement. “These are rockets that are fired and then guided to a target via an electronic system, which requires the world’s most advanced technology and satellite communications capability,” Orbán said on state radio. “There is a strong assumption ... that these missiles cannot be guided without the assistance of American personnel.” Orbán cautioned against underestimating Russia’s responses, emphasizing that the country’s recent modifications to its nuclear deployment doctrine should not be dismissed as a “bluff.” “It’s not a trick ... there will be consequences,” he said. Separately in Kyiv, Czech Foreign Minister Jan Lipavský called Thursday’s missile strike an “escalatory step and an attempt of the Russian dictator to scare the population of Ukraine and to scare the population of Europe.” At a news conference with Ukrainian Foreign Minister Andrii Sybiha, Lipavský also expressed his full support for delivering the necessary additional air defense systems to protect Ukrainian civilians from the “heinous attacks.” He said the Czech Republic will impose no limits on the use of its weapons and equipment given to Ukraine. Three lawmakers from Ukraine's parliament, the Verkhovna Rada, confirmed that Friday's previously scheduled session was called off due to the ongoing threat of Russian missiles targeting government buildings in central Kyiv. In addition, there also was a recommendation to limit the work of all commercial offices and nongovernmental organizations "in that perimeter, and local residents were warned of the increased threat,” said lawmaker Mykyta Poturaiev, who said it's not the first time such a threat has been received. Ukraine’s Main Intelligence Directorate said the Oreshnik missile was fired from the Kapustin Yar 4th Missile Test Range in Russia’s Astrakhan region and flew 15 minutes before striking Dnipro. Test launches of a similar missile were conducted in October 2023 and June 2024, the directorate said. The Pentagon confirmed the missile was a new, experimental type of intermediate-range missile based on its RS-26 Rubezh intercontinental ballistic missile. Thursday's attack struck the Pivdenmash plant that built ICBMs when Ukraine was part of the Soviet Union. The military facility is located about 4 miles southwest of the center of Dnipro, a city of about 1 million that is Ukraine’s fourth-largest and a key hub for military supplies and humanitarian aid, and is home to one of the country’s largest hospitals for treating wounded soldiers from the front before their transfer to Kyiv or abroad.
