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Jonah Goldberg: What if most Americans aren't bitterly divided?1 2 Lucknow: Acknowledging that prevention is a pillar of hope to save human lives from the threat of cardiovascular diseases , Union defence minister Rajnath Singh on Friday said that healthcare costs impose a significant economic strain globally, especially for low and middle-income countries. "There is a critical need for a robust preventive cardiology framework . In fact, prevention is the primary armour and pillar of hope to combat India's CVD burden. Early detection, lifestyle modifications and widespread awareness programmes are essential to reduce the burden of CVD, particularly among younger individuals who are increasingly at risk," he said, speaking at CSI's 76th annual conference fellowship programme. The fellowship was awarded to 15 doctors from across the country. Welcoming the delegates as the MP of Lucknow, he said that CVDs remain a significant global public health issue and expressed concern over the extent of the problem in India. "CVD is the leading cause of mortality worldwide, and India is no exception, with an estimated 30 million patients suffering from coronary artery disease. In addition to the numbers, the early onset of disease in India, its urban-rural divide, needs of specific groups like the elderly, and dire shortage of cardiologists (just one for one lakh population) complicate it further," he said. Calling upon CSI, he added: "The circumstances in India make prevention extremely pertinent. Greater emphasis on preventive cardiology, including lifestyle modifications and risk factor management, is needed. Efforts must be made alongside to expand tele-cardiology and find cost-effective ways to treat patients." Mentioning that the Indian govt was trying its best to extend the best quality healthcare services to the people, he said: "A number of public health initiatives have been launched. But the govt's contribution needs the support of the medical fraternity, community and every individual to make India's present and future generations truly healthy." Singh said that in his role as defence minister, he realised that one of the most vulnerable and challenging parts is to keep the entire defence force disease-free. "This is because the personnel in the armed forces work 24x7x365 days, in very volatile scenarios and under extremely difficult climatic conditions. Also, man-made threats from our neighbours in the region are also there. Aware of the challenges, the Indian govt earmarked Rs 6.2 lakh crore for the 2024-25 fiscal's defence budget, which is being used for the overall upkeep of the forces encompassing the upgradating of capacity building, induction of modern technology, and the healthcare of the defence forces. The primal area of concern is the health of our forces, which needs to be reviewed from time to time; in which cardiovascular and diabetes are seen as major contributors," he said. Addressing the fellowship awardees, he said: "Today marks a significant milestone in your journey as cardiologists. But with great power comes great responsibility. Remember to always put your patients first, to listen to their concerns, to empathise with their struggles, and to provide them with compassionate and evidence-based care." Stay updated with the latest news on Times of India . Don't miss daily games like Crossword , Sudoku , and Mini Crossword .Flight path 2025: What lies ahead for Indian carriers
NEW YORK (AP) — U.S. stocks closed at more records after Donald Trump’s latest talk about tariffs created only some ripples on Wall Street. The S&P 500 rose 0.6% to reach another all-time high. The Dow Jones Industrial Average added 0.3% to its own record set the day before, while the Nasdaq composite rose 0.6% as Big Tech stocks helped lead the way. Stock markets abroad saw mostly modest losses, after President-elect Trump said he plans to impose sweeping tariffs on Mexico, Canada and China as soon as he takes office. U.S. automakers and other companies that could be hurt particularly by such tariffs fell. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. NEW YORK (AP) — U.S. stocks are rising toward records Tuesday after Donald Trump’s latest talk about tariffs created only some ripples on Wall Street, even if they could roil the global economy were they to take effect. The S&P 500 climbed 0.5% and was on track to top its all-time high set a couple weeks ago. The Dow Jones Industrial Average added 81 points, or 0.2%, to its own record set the day before, while the Nasdaq composite was 0.5% higher, with less than an hour remaining in trading. Stock markets abroad were down, but mostly only modestly, after President-elect Trump said he plans to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office. Stock indexes were down 0.1% in Shanghai and nearly flat in Hong Kong, while Canada's main index edged down by just 0.1%. Trump has often praised the use of tariffs , but investors are weighing whether his latest threat will actually become policy or is just an opening point for negotiations. For now, the market seems to be taking it more as the latter. Unless the United States can prepare alternatives for the autos, energy products and other goods that come from Mexico, Canada and China, such tariffs would raise the price of imported items all at once and make households poorer, according to Carl Weinberg and Rubeela Farooqi, economists at High Frequency Economics. They would also hurt profit margins for U.S. companies, while raising the threat of retaliatory tariffs by other countries. General Motors sank 8.2%, and Ford Motor fell 2.6% because both import automobiles from Mexico. Constellation Brands, which sells Modelo and other Mexican beer brands in the United States, dropped 3.9%. Beyond the pain such tariffs would cause U.S. households and businesses, they could also push the Federal Reserve to slow or even halt its cuts to interest rates. The Fed had just begun easing its main interest rate from a two-decade high a couple months ago to offer support to the job market . While lower interest rates can boost the overall economy and prices for investments, they can also offer more fuel for inflation. “Many” officials at the Fed's last meeting earlier this month said they should lower rates gradually, according to minutes of the meeting released Tuesday afternoon. Unlike tariffs in Trump's first term, his proposal from Monday night would affect products across the board. Trump’s tariff talk came almost immediately after U.S. stocks rose Monday amid excitement about his pick for Treasury secretary, Scott Bessent. The hope was the hedge-fund manager could steer Trump away from policies that balloon the U.S. government deficit, which is how much more it spends than it takes in through taxes and other revenue. The talk about tariffs overshadowed another set of mixed profit reports from U.S. retailers that answered few questions about how much more shoppers can keep spending. They’ll need to stay resilient after helping the economy avoid a recession, despite the high interest rates instituted by the Fed to get inflation under control. Kohl’s tumbled 17.6% after its results for the latest quarter fell short of analysts’ expectations. CEO Tom Kingsbury said sales remain soft for apparel and footwear. A day earlier, Kingsbury said he plans to step down as CEO in January. Ashley Buchanan, CEO of Michaels and a retail veteran, will replace him. Best Buy fell 4.7% after likewise falling short of analysts’ expectations. Dick’s Sporting Goods topped forecasts for the latest quarter thanks to a strong back-to-school season, but its stock lost an early gain to fall 1.4%. A report on Tuesday from the Conference Board said confidence among U.S. consumers improved in November, but not by as much as economists expected. J.M. Smucker jumped 5.4% for one of the biggest gains in the S&P 500 after topping analysts' expectations for the latest quarter. CEO Mark Smucker credited strength for its Uncrustables, Meow Mix, Café Bustelo and Jif brands. Big Tech stocks also helped prop up U.S. indexes. Gains of 2.8% for Amazon and 2% for Microsoft were the two strongest forces lifting the S&P 500. In the bond market, Treasury yields rose following their big drop from a day before driven by relief following Trump’s pick for Treasury secretary. The yield on the 10-year Treasury climbed to 4.30% from 4.28% late Monday, but it’s still well below the 4.41% level where it ended last week. In the crypto market, bitcoin continued to pull back after topping $99,000 for the first time late last week. It's since dipped back toward $91,600, according to CoinDesk. It’s a sharp turnaround from the bonanza that initially took over the crypto market following Trump’s election. That boom had also appeared to have spilled into some corners of the stock market. Strategists at Barclays Capital pointed to stocks of unprofitable companies, along with other areas that can be caught up in bursts of optimism by smaller-pocketed “retail” investors. AP Business Writer Elaine Kurtenbach contributed.DETROIT — In the end, the amount and way the Red Wings were losing lately was simply too much to ignore. And with that, the Wings fired coach Derek Lalonde and replaced him with former San Jose Sharks head coach Todd McLellan on Thursday. In a release just after noon, the Wings announced that Steve Yzerman, the Wings’ executive vice-president and general manager, named McLellan the team’s 29th head coach in franchise history and signed McLellan to a multi-year contract. The Wings also hired Trent Yawney as an assistant coach, replacing Bob Boughner, another former Sharks head coach who oversaw the defense and penalty-kill. McLellan will be behind the bench Friday, as the Wings return from the three-day NHL holiday break to host Toronto. Yzerman and McLellan will address the media on Friday. McLellan is San Jose’s all-time winningest coach, compiling a 311-155-63 mark over seven full seasons from 2008-15. He won three Pacific Division titles and had a 30-32 record in the postseason, reaching the conference finals in 2010 and 2011. McLellan’s Sharks teams finished with more than 100 points four times, winning the President’s Trophy in the 2008-09 season that also saw McLellan named a finalist for the Jack Adams Trophy as coach of the year. The Wings have struggled to a 13-17-4 record, good for 30 points, just two points above Buffalo for last place in the Eastern Conference. They trail Ottawa by eight points (38-30) for the final of two Eastern Conference wild-card positions. After just missing the playoffs last spring on the final night of the season on a tiebreaker, the Wings struggled from the start this season. They lost three of their first four games and have struggled mightily to get to, or above, the .500 mark ever since. The Wings have lost their last three games, and the way they did likely pushed Yzerman to replace Lalonde. The Wings let a third-period lead slip away at Little Caesars on Dec. 20 to Montreal and lost, 4-3, then lost the next night in Montreal, 5-1, watching the Canadiens score the last five goals consecutively with not a ton of pushback. Monday, the Wings were shut, 4-0, at LCA, looking listless, at times. The Wings were serenaded with a loud chorus of boos after each period, culminating with a lot of pent-up frustration at the end of the game. Lalonde, 52, ended his Wings career with an 89-86-23 record. This was his first NHL head-coaching job, and he was in his third season guiding the Wings. After last season’s exciting finish and near-playoff miss, there was plenty of optimism heading into this Wings season. The team’s overall defense needed to improve, and scoring was expected to be an issue because of the personnel losses the Wings had, but the roster appeared to be competitive. But Lalonde wasn’t able to appreciably fix any of the problem areas. The Wings rank 25th in goals-against (3.26), only slightly better than last season’s final average (3.35). Scoring goals has been a larger-than-expected issue. With the departures of Jake Walman, Shayne Gostisbehere, David Perron, Robby Fabbri and Daniel Sprong, the Wings were hoping for internal improvement, but it hasn’t happened. They currently rank 29th, at 2.56 goals scored per game (the Wings were 13th last season, scoring 3.12 goals per game). Add to that, a dismal penalty kill that ranks 31st (68.8%), and it’s made for a frustrating season. In steps McLellan, 57, who was an assistant coach under Mike Babcock from 2005-08. Yzerman, incidentally, was the captain in his final playing season and first season for McLellan in Detroit under Babcock. McLellan has 16 seasons of NHL head-coaching experience, posting a 598-412-134 regular-season record and a 42-46 postseason mark with the Los Angeles Kings (2019-24), Edmonton Oilers (2015-19) and Sharks (2008-15). His 598 regular-season wins are ranked 24th in NHL history and sixth-most among active coaches behind Paul Maurice (891), Lindy Ruff (876), Peter Laviolette (823), John Tortorella (757) and Peter DeBoer (632). Teams coached by McLellan have reached the 50-win mark three times and the 100-point plateau six times. McLellan’s teams have also advanced to the Stanley Cup playoffs nine times, including six consecutive postseason appearances with the Sharks. Known as an upbeat coach with strong communication skills, McLellan is regarded as an effective coach of young players dating back to a successful junior hockey coaching career. McLellan, along with Yzerman, will be under increasing pressure to end a Wings’ streak of not making the playoffs for eight consecutive seasons. Only Buffalo, at 13 seasons, has a longer current streak.Net power CFO Akash Patel sells $1.9 million in stockLILLEY: Canadians ready to move on as Trudeau clings to power
AI is a game changer for students with disabilities. Schools are still learning to harness itMacau is hosting a record amount of bond listings as the world’s top gambling hub boosts efforts to diversify its economy and establish itself as an alternative financing hub for Chinese firms. A combined $28.1 billion of bonds have started trading this year on the Chongwa Financial Asset Exchange Co., a local exchange known as MOX, according to Bloomberg-compiled data. Around 63% of these new notes are yuan-denominated and mostly issued by Chinese local government financing vehicles, or LGFVs. The tally marks significant progress for MOX, where bond listings totaled slightly over $600 million at its inception in 2018, thanks to Macau’s initiatives to make debt registration cheaper and simpler than at major Asian financial centers including Hong Kong and Singapore. The latest boom also has benefited from a broader surge in offshore debt issuance by China’s LGFVs that face domestic borrowing restrictions. “We are still at the nascent stage. We need to do a lot more to build up the pool of investors and issuers here,” Henrietta Lau, executive director of Monetary Authority of Macao, said in an interview. “Our aim is to build the bond market as a financing bridge between the mainland and the outside world.” Prominent bond listings on MOX feature a 2 billion yuan offering by China’s Ministry of Finance in 2019, the first of its kind in Macau, and a 2.2 billion yuan deal by the neighboring province of Guangdong two years later. More recently, the bourse has become a popular venue for smaller listings of less than $100 million by LGFVs, a group of debt-laden issuers that borrowed heavily during China’s previous infrastructure booms. At the current level, Macau’s bond listings represent about 26% of Hong Kong’s and up from about 3.8% in 2020, Bloomberg-compiled data show. “The Chinese government intends to develop Macau into one of the key bond listing venues in Asia especially for offshore CNY bonds and free trade zone bonds,” said Zerlina Zeng, head of East Asia corporate research at Creditsights Singapore LLC. “LGFVs and SOEs are as a result encouraged to help promote such initiatives.” While the push for a stronger bond listing business is part of Macau’s efforts to reduce its excessive dependence on casinos, it remains a daunting task for the tiny former Portuguese colony. The city has in recent years taken steps to boost its appeal as a bond trading center, such as implementing a five-day registration process that’s shorter than the average time in Hong Kong. However, structuring, sales, clearing and settlement of debt offerings in many cases still occur outside of Macau. The lack of a dynamic secondary market is another hurdle. In order to improve, local authorities have been working on a securities law that would provide more investor protection and help attract big debt issuers such as Chinese policy banks and more provincial governments, Monetary Authority of Macao’s Lau said. Separately, MOX has signed a strategic cooperation agreement with Luxembourg’s stock exchange, seeking to add Macau-listed bonds into the former’s well-established trading platform. The city is also in talks with Deutsche Boerse AG’s Clearstream Banking SA and Euroclear Holding NV for further partnerships, Lau said. Meanwhile, most of the investors in Macau-listed bonds are institutional funds from mainland China, Hong Kong and Singapore, with little participation of the local casinos, she said, adding that fostering the latter as issuers and investors would be important. For 2025, there’s optimism about growth in green and sustainable bonds, an MOX spokesman said in emailed response to Bloomberg’s queries. “As investors increasingly prioritize ESG considerations, we anticipate a surge in demand for bonds that align with these values,” he said. Such notes carried a combined listed value of about 135 billion Macanese patacas as of November. This article was generated from an automated news agency feed without modifications to text.Kings hope to find answers in meeting with Mavs
NoneWhy Blockchain Will Be More Disruptive in 2025 It was designed to be used in cryptos like Bitcoin , but now, blockchain is ready on the cusp of revolutionizing a whole range of industries in ways that were never considered possible. Blockchain will be much more disruptive in 2025 purely and simply because businesses and industries across most sectors are embracing it. This technology will be more significant than digital currency by 2025 and will spur radical changes in finance, healthcare supply chain management, and many other sectors. The reasons that make blockchain more disruptive this year will explain why. The core of blockchain technology lies in its decentralized architecture, a stark contrast to traditional systems where central authorities control data. Blockchain's distributed ledger ensures that data records are replicated across multiple locations, rendering it impossible to manipulate the system from a single point. This decentralized environment fosters trust through cryptographic principles, ensuring data integrity and security. By 2025, the global blockchain market is projected to reach $39.7 billion, growing at a CAGR of 69.4% (Source: MarketsandMarkets). As more companies adopt blockchain technology, they will realize that its decentralized nature enhances security, efficiency, and transparency while eliminating the need for intermediaries like banks and insurance companies. This shift is expected to decrease costs by up to 30%, accelerate transaction speeds by 50%, and minimize fraud risks by 80% (Source: World Economic Forum). Blockchain technology is revolutionizing various industries, extending far beyond its impact on cryptocurrency. By 2025, blockchain is expected to be vital in transforming the financial system, enabling faster, cheaper, and safer transactions. According to a report by Accenture, blockchain-based systems can reduce transaction costs by up to 80% and increase transaction speed by up to 90% (Source: Accenture). Moreover, blockchain will continue to disrupt traditional payment systems, including peer-to-peer transactions, eliminating the need for intermediaries. Cross-border payments, which currently take an average of 3-5 days and incur high fees, will become near-instant and cost-effective, with blockchain-based systems projected to save up to $20 billion in transaction costs by 2025 (Source: Juniper Research). Additionally, blockchain's transparent nature will help combat money laundering and fraudulent activities, with the global anti-money laundering (AML) market expected to reach $1.4 billion by 2025, driven in part by blockchain adoption (Source: MarketsandMarkets). Smart contracts will be everywhere by 2025 because they automatically execute and enforce the terms of a contract. Self-executing contracts mean faster, more secure agreements between parties without the need for intermediaries like lawyers or notaries. It will transform industries that are based on contracts: real estate , insurance, and even employment agreements. The health industry is well-positioned to adopt blockchain technology, as it holds vast amounts of sensitive patient data across various systems. By 2025, blockchain is expected to facilitate a secure and centralized environment for managing health records among different authorized parties, ultimately enhancing patient care while reducing administrative burdens. Blockchain's immutable ledger ensures that patients' medical records remain unaltered and protected from tampering, which significantly decreases the likelihood of data breaches. This enhances patients' control over their health information and fosters trust in healthcare providers. Additionally, implementing blockchain in pharmaceutical supply chains will improve transparency and help eliminate counterfeit drugs from the market, thereby enhancing drug safety. Moreover, blockchain’s ability to track the origin of drugs and medical equipment will help minimize fraud and counterfeiting, which are prevalent issues in the industry. Over time, healthcare providers will likely begin integrating blockchain solutions into their daily operations, leading to a more efficient, secure, and cost-effective system. One of the most promising applications of blockchain technology is in supply chain management. The sectors most impacted will be manufacturing, agriculture, and logistics, as blockchain will provide end-to-end visibility throughout these supply chains. By 2025, companies will be able to fully track the journey of goods from their origin to their final destination using blockchain. The immutable ledger of blockchain will simplify the verification of product authenticity, significantly reducing the risk of counterfeit goods. This is particularly beneficial for industries such as luxury goods, pharmaceuticals, and food, where it is crucial to ensure that products are genuine and safe. Consumers will also benefit from increased transparency , allowing them to trace the origins of the products they purchase and confirm that they adhere to ethical and sustainability standards. Additionally, blockchain technology will enhance the efficiency of supply chains by minimizing paperwork and administrative tasks. Smart contracts will automate transactions between suppliers, significantly reducing delays and improving overall efficiency. The tracking capabilities of blockchain will also help businesses quickly respond to changes in the market, further reducing potential issues. Blockchain's impact will extend beyond finance, revolutionizing sectors like education, voting systems, and entertainment by 2025. In education, blockchain will enable the secure and transparent verification of academic credentials, making it easier for employers to confirm qualifications. This is particularly significant, given that the global education technology market is projected to reach $252 billion by 2026, with blockchain-based solutions expected to play a key role in enhancing credential verification and authentication (Source: MarketsandMarkets). In voting systems, blockchain technology will provide a transparent, secure, and auditable way to conduct elections, reducing the risk of fraud and increasing voter trust. According to a report by West Virginia University, blockchain-based voting systems can reduce election costs by up to 90% and increase voting participation by up to 20% (Source: West Virginia University). The entertainment industry will also undergo significant disruption, as blockchain enables direct connections between content creators and audiences, cutting out intermediaries and ensuring fairer revenue distribution. The global digital entertainment market is expected to reach $4.8 trillion by 2025, with blockchain-based platforms poised to capture a significant share of this growing market (Source: PwC). Blockchain technology holds significant potential and, over time, is expected to greatly disrupt various industries. By 2025, it is predicted that blockchain will transform business practices by providing safer and more transparent systems, as well as opening new opportunities in nearly every sector. The ongoing innovation in blockchain technology suggests that the next few years will be transformative. Those who embrace these advancements will be well-positioned for success in a rapidly changing world.
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