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The whiplash-inducing, “Hun­ger Games”-style race to become Donald Trump’s Treasury secretary made it easy for the media to ignore what has been going on with Janet Yellen — and the absolute mess she’s leaving for her successor. Yellen — who, it was revealed Friday, will be replaced as Treasury secretary in January by hedge fund mogul Scott Bessent — was Joe Biden’s pick to run the office that is essentially the country’s CFO. Indeed, it could be the most important cabinet position in the White House given the importance of the US economy. Americans put Trump in office largely over his handling of the economy during his first term — job growth and wages that kept place with a low inflation rate. Despite her gold-plated résumé, Ivy League degrees, and time served as Fed chair, Yellen gave the country just the opposite. Her boss paid the price politically as the American people paid the price economically. And according to my sources, the American people aren’t done paying the price for Yellen’s mismanagement even if most of the financial media is overlooking the fiscal time bomb she devised — one that could blow up once Trump takes office. Specifically, my sources who follow the bond market say Yellen has been setting a trap for the incoming Trump administration through the way she financed the massive $1.8 trillion federal budget deficit that exploded during the Biden years with the accumulation of $36 trillion in debt. Yellen has been moving away from long-term debt to finance the shortfalls to shorter-dated securities, essentially rolling over deficits with more and more Treasury bills instead of the normal way of debt issuance through 10- and 30-year debt. That’s according to an analysis by Robbert van Batenburg of the influential Bear Traps Report, who estimates that around 30% of all debt is the short-term variety — aka 2-year and shorter notes — compared to 15% in 2023. Didn’t lock in low rates In an era of low interest rates, Yellen & Co. could have locked in relatively cheap interest payments for years by issuing more 10- and 30-year debt. So why go there? Politics, according to Yellen’s Wall Street critics. Because the Biden administration has taken spending to new and some say unsustainable levels, Yellen needed to engage in a bit of financial chicanery to keep interest rates low and not spook the stock market during an election year, her critics say. If she had financed deficits with 10- and 30-year bonds, that would have caused a rise in interest rates that impact consumers, i.e. mortgages and credit cards. Yields on the 10-year bond have remained under 5%, a key level that has coincided with a run-up in stocks. If rates move to 5% and above, it would also probably cause a decline in the stock market because stocks would be competing with higher-yielding super-safe treasuries for investors’ money. She was playing with additional fire because rates on short-dated debt, while low, began to spike in recent years when the Fed raised its base rate to fight inflation. As van Batenburg puts it: “The Treasury now faces a substantial volume of short-term debt maturing annually, which must be refinanced at significantly higher interest rates. Current market rates for short-term debt, while slightly lower than recent peaks, remain elevated compared to historical levels. This mismatch between low-cost historical debt and high-cost replacement debt is driving a substantial increase in the government’s interest expense.” Scary stuff. Average Americans got screwed by inflation and then higher rates that made homeownership less affordable. Rich people luxuriated in gains from higher financial-asset prices. But yields on the 10-year have been inching up to that danger zone of 5%. It could set the stage for a stock market collapse or even worse if the bond market starts to factor in not just higher deficits given Biden’s spending spree, but also the need to issue more long-dated debt because short-term borrowing is more expensive. Thanks, Janet. Gensler’s SEC land mines Speaking of cleaning up messes, SEC Chairman Gary Gensler announced last week he doesn’t plan to stick around until his term ends in 2026. His replacement is still in question as this column goes to press, though sources say long-time securities lawyer and ex-SEC commissioner Paul Atkins has the inside track. While Wall Street’s top cop won’t face the same existential worries being faced by the new Treasury secretary, it won’t be a cakewalk, either. “Cleaning up after Gensler is like avoiding land mines left behind by the retreating Japanese soldiers,” an SEC insider told me. Gensler, during his three-plus years as Biden’s SEC chair, basically defied the agency’s congressional mandate. He turned what’s essentially an investor-protection agency into a climate-activist arm of the Biden administration by trying to impose costly and absurd disclosures on public companies about their carbon footprint, nearly impossible to accurately gauge. His enforcement arm became a de facto regulator of the $3.5 trillion crypto business; instead of setting clear rules for the industry, he brought cases, stifling innovation of all-important blockchain technology in the US and pushing it overseas. Staff morale is at an all-time low due to Gensler’s brusque management style. I can go on, but I don’t want to scare whoever’s taking Gary’s place. Originally published as US economy: Secretary of Treasury Janet Yellen departs from office - as she leaves a trail of mess for her successorThe Current 20:06 Rudeness rampant in classrooms, say teachers An Ontario teacher says "manners have gone out the door" in classrooms since the pandemic, and new research agrees that kids have become ruder to both teachers and each other. "There's a lot more outbursts," said Marylinda Lamarra, a secondary school teacher in the York Catholic District School Board in Ontario. "Students feel empowered to just speak out whenever they have a question on their mind ... or they ask to go to the bathroom, mid-sentence while I'm teaching," she told The Current . Lamarra said students struggle to pay attention through a whole lesson and can't seem to manage their own disruptive behavior. They're also ruder to each other, and often can't resolve conflicts without resorting to yelling. "It's just become increasingly more noticeable post-COVID," she said. They were at home behind a screen ... They could do what they wanted - Marylinda Lamarra A recent study from Brock University found a significant increase in classroom incivility since the pandemic. Researchers asked 308 Ontario kids aged nine to 14 to fill out a survey, which asked if they ever engaged in rude or disruptive behaviour. That includes things like texting in class, interrupting or talking over a teacher, or packing up before the lesson is even over. The Brock team also spoke with 101 primary educators about their experiences in the classroom. That data was collected in fall 2022 and compared to surveys previously conducted in fall 2019. The results showed a significant increase in classroom incivility, even though other issues raised in the survey — such as bullying and emotional wellbeing — showed little change. Natalie Spadafora, who led the study, said that while some of the behaviours may just seem like minor annoyances, they shouldn't be dismissed. "Cumulatively, we know from teachers, students and our research that it can have negative effects," said Spadafora, a post-doctoral fellow and adjunct professor in the Department of Child and Youth Studies at Brock University. "We know that left unchecked, it can escalate to higher level anti-social behaviour." Teacher Marylinda Lamarra says disruptive behaviour is 'more noticeable post-COVID.' (Submitted by Marylinda Lamarra) 'At home behind a screen' Lamarra thinks pandemic shutdowns and remote learning played a role in this spike in incivility, especially for younger kids who lost out on learning how to behave in a classroom setting. "They were at home behind a screen with no classroom instruction or decorum ... They could do what they wanted, and they seem to have brought that into the classroom," she said. Lamarra said educators did expect they'd have to play catch up to get kids "back on track," but it hasn't been easy. "There are students who have made the shift back, it's just been slower than anticipated," she said. Spadafora thinks the pandemic did have an impact, but pointed out that generational and technological factors may also play a role. "Ten years ago ... texting during class wasn't an item on our scale, but now it definitely is," she said. "I would say behaviours change over time, right?" Researcher Natalie Spadafora says that disruptive behaviour can escalate if left unchecked. (Submitted by Natalie Spadafora) She added that many of these issues are not kids intentionally trying to cause harm. She gave the example of packing up books before a lesson has ended and while a teacher is still teaching, because a kid is keen to get to recess or home at the end of the day. Those kids are thinking "about themselves or their social life" but "forgetting about the group dynamic and what that might be implicating on a broader scale," she said. Getting 'back to basics' Lamarra said it can be frustrating to deal with these disruptions, but she has to maintain her composure as a teacher and help her pupils improve their behaviour. "I think we just need to get back to the basics where we're teaching that civility, we're teaching proper manners," she said. She added that "parents do have a role to play in teaching their kids how to cope in the classroom, how to cope in society. We need to give them those skills." New school year offers no relief for Canadian teachers amid ongoing shortages Teacher shortage has staff across Canada working 'in survival mode' She worries that if kids don't learn how to behave with civility in the classroom, that bad behaviour will show up in wider society as they get older. Spadafora agrees that it's important to foster civility at a young age. "Civil children means civil adults, and that's what we all want," she said.ye7 com



Ria Money Transfer partners with Tenpay Global, enabling digital remittances to Weixin for flexible spending in ChinaAll that is needed for an agreement on crossings is political will, UNSG Special Representative and Head of the United Nations Peacekeeping Force in Cyprus (UNFICYP), Colin Stewart, said on Tuesday at the end-of-year reception held at Ledra Palace in the presence of President Nikos Christodoulides and Turkish Cypriot leader, Ersin Tatar. The opening of new crossing points would benefit people on both sides of the island, would strengthen intra-island interdependence, building positive conditions for a settlement, and create positive momentum for the next steps, he added. Stewart also said that preparations for an informal meeting in a larger format which will bring together the two leaders and the guarantor powers under the auspices of the UN Secretary-General, are already under discussion at the UN headquarters. During the event, the two leaders talked for about 15 minutes , with Christodoulides asking the Turkish Cypriot leader to arrange a meeting. In his speech, Stewart said the traditional end of the year reception under the auspices of the Secretary General’s Good offices mission in Cyprus was also “an opportunity” to bring the two leaders together in a festive social setting, together with their teams, the diplomatic community, a broad spectrum of civil society, both sides of the island and United Nations staff. This gathering, he added, “is also a chance to take stock of what it’s been achieved in the past year in the name of a better future for Cyprus”. “I’m happy to say that while the world around Cyprus continues to go through unprecedented challenges, we are witnessing some new glimmers of hope”, Stewart said. “As you all know, in the first half of the year, a new personal envoy of the Secretary General, Maria Angela Holguin Cuellar, engaged actively with the parties and other key interlocutors”, he said. Building on this work, he added, the Secretary-General hosted an informal dinner in New York on October 15 for the two leaders. “This is the first time that these two leaders have met under the Secretary General’s auspices”, Stewart noted, adding that they agreed with the Secretary-General to start exploring the opening of new crossing points, “and I’m happy to note that in our initial discussions with the representatives of the leaders, we have noted a new energy, a new optimism, a new commitment to finding an agreement ”. “In fact, there was so much optimism at the beginning, we thought we would have an announcement for you here tonight. But these things take a little while. Nothing of this sort is ever quick and easy, but I’m hopeful”, he added. He expressed the belief that agreement on crossings was “doable in a way that is beneficial to both sides”, noting that all that is needed “as always, is the political will”. “The other important thing that was agreed by the two leaders was to meet again informally in a larger format which will bring together the two leaders and the guarantor powers under the auspices of the Secretary-General, for crucial discussion on the way forward”, Stewart said, adding that preparations for such a meeting are already under discussion at the UN headquarters. He also noted that 2024 has been “a landmark year” for the United Nations in Cyprus. “The 60th anniversary of the United Nations Peacekeeping and mediation presence in Cyprus was an unhappy anniversary in a year of unhappy anniversaries”, he said, adding that, all of which remind us that a settlement of the Cyprus issue, “is long overdue”. Stewart also referred to the work of the Technical Committees noting that, “as always” they have been working “quietly throughout the year on a number of good projects”. He noted, among other things, the work of the Technical Committee on Cultural Heritage and the completion of restoration work on a number of sites, on both sides of the divide. Stewart also said that the Technical Committee on Health continues to collaborate on diseases carried by mosquitoes, while the Veterinary subcommittee is now actively looking for ways to allow personal pets to be brought through the Green Line.

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Saturated/E+ via Getty Images Investment Thesis GenAI has created incredible opportunities for companies to globally benefit from surging productivity gains and unlocking efficiency. As a result, organizations have demonstrated strong ambitions in investing in and upgrading their technology infrastructure to support Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.LeBron James made his Christmas debut in 2003. Victor Wembanyama was born 10 days later. ET Year-end Special Reads Top 10 equity mutual funds of the year. Do you have any? How India flexed its global power muscles in 2024 2024 was the year India became the talk of America That's right: James has been featured on the NBA 's big day for longer than Wembanyama has been alive. And on Wednesday - when the league celebrates Christmas with games for the 77th time - the league's oldest player and brightest young star will be big parts of the holiday showcase. It's another Christmas quintupleheader, with Wembanyama and the San Antonio Spurs visiting the New York Knicks, Minnesota going to Dallas for a Western Conference finals rematch, Philadelphia heading to Boston to renew a storied rivalry, James and the Los Angeles Lakers taking on Stephen Curry and the Golden State Warriors, and Denver playing at Phoenix in the nightcap. "Very excited, of course," Wembanyama said, the French star previewing his first Christmas game opportunity. "First of all, spending Christmas in New York, it's going to be like the movies, I hope. Get a little snow." His first Christmas wish came true: Light snow fell in Manhattan on Tuesday morning. 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"Any time you get an opportunity to be on the court and compete against one of the greatest to ever play this game, you don't take it for granted," James - who turns 40 next week - said of facing his U.S. Olympic teammate. "I don't know how many more opportunities we'll get to go against each other." The Christmas games have been looked at for decades as the time when more fans tend to start watching basketball. The NFL - which is going head-to-head against the NBA on Wednesday - is seeing its regular season winding down, and the five NBA games will all be shown nationally either on ABC or ESPN. The Spurs-Knicks game will also have a special alt-cast starring Mickey Mouse and some of his friends, the first animated presentation of an NBA game. It'll be shown on ESPN2 and stream on Disney+ and ESPN+. "I wish there were more of our great players who had a chance to play on that stage on Christmas Day," NBA Commissioner Adam Silver said. "It's been an interesting turnaround from certainly my earlier days in the league when we got a lot of complaints about playing on Christmas - and now it comes the other way, which is, 'Why aren't we playing on Christmas?' I wish we could accommodate even more teams." Wemby's debut: Spurs at Knicks, Noon ET Knicks forward Josh Hart, like just about everyone in the basketball world, raves about Wembanyama. The Spurs star is averaging 24.8 points, 9.9 rebounds, 4.0 blocks, 3.9 assists and 3.3 3-pointers per game. "He's an amazing player, man," Hart said. "He does things offensively, defensively that no one that's 7-whatever-the-heck-he-is should be doing. He's the future of the league." For the record, Wembanyama is officially just under 7-foot-4. The Knicks are playing their 57th Christmas game, extending their NBA record. The first Christmas game in league history was at Madison Square Garden in 1947. "Been fortunate to play on Christmas a lot of days," Spurs guard Chris Paul said. "I'm excited." West rematch: Timberwolves at Mavericks , 2:30 p.m. ET Game time is 1:30 p.m. in Dallas, and that means it'll be 8:30 p.m. in Ljubljana, Slovenia. Prime time, Christmas night in Luka Doncic's homeland. The Mavericks star couldn't be happier how that worked out. "It's special," said Doncic, who had a 50-point game on Christmas last year. "You have a lot of people from Europe want to watch the NBA. ... It's a big thing. It's going to be a special game." Dallas beat Minnesota 4-1 in last year's West finals. For Timberwolves guard Mike Conley, this is season No. 18 - and his second Christmas game. "It was 14 years before I got to play on it in Utah," Conley said. "I looked forward to the opportunity. Not many people get the opportunity to play. When people are celebrating the holidays, they turn on the TV and are watching the NBA." The rivalry renewed: 76ers at Celtics, 5 p.m. ET No teams have faced off against one another more in NBA history than defending champion Boston and Philadelphia. Same goes for Christmas rivalries: It'll be Celtics-76ers for the 14th time on Dec. 25, by far the most in the league. Celtics guard Jrue Holiday says it's tough to interrupt family time on Christmas - but also said it's fun that his children can watch their father play that day. "It's an honor to be able to play on Christmas Day," Holiday said. "I know I was one of the kids that couldn't wait for Christmas games to come on. So, it's always an honor." LeBron vs. Steph: Lakers at Warriors, 8 p.m. ET Curry and James have met on Christmas in 2015, 2016 and 2018, all immediately following seasons that ended with Cleveland vs. Golden State matchups in the NBA Finals. Lakers coach JJ Redick played on Christmas 11 times in his career. The significance of seeing another Steph vs. LeBron matchup on the holiday isn't lost on him. "I think it was great to have two of the icons of this generation go head-to-head and have one, for sure, classic series and then just also some classic games and classic moments," Redick said. "For those guys also being teammates on the Olympic stage, they just have the ultimate respect for each other." James gets another chance to become the NBA's all-time Christmas win leader: He's played in 10 wins on Dec. 25, tying former teammate Dwyane Wade's holiday record. This is James' 19th Christmas game; Wade played in 13. Curry, if he starts, will be the seventh person in NBA history with at least 11 starts on Dec. 25, joining James, Kobe Bryant, Shaquille O'Neal, Wade, Russell Westbrook and Kevin Durant. "Christmas spirit hopefully can bring some gifts our way with a win," Curry said. The finale: Nuggets at Suns , 10:30 p.m. ET Durant will play on Christmas for the 12th time, and only James, Bryant and Oscar Robertson have more points on Dec. 25 than he does. It's a rematch of a 117-90 win by Denver on Monday night. "Looking forward to this next game," Durant said. The Nuggets know the Suns will want to avenge losing by 27, plus that the holiday brings out the best in players. "Hopefully we can go into their spot on Christmas and get another win," Nuggets forward Michael Porter Jr. said. "But I'm sure it'll be a tougher game." (You can now subscribe to our Economic Times WhatsApp channel )PAY ATTENTION: Follow our WhatsApp channel to never miss out on the news that matters to you! Outgoing US President Joe Biden on Tuesday branded his successor Donald Trump's economic plans a "disaster," in a speech hailing his own legacy. Biden said Trump's threats to slap huge tariffs on imports were a "major mistake" and challenged Trump to build on what he said were the successes of his own administration. The lame-duck president's speech comes after Trump won a second term largely on the back of US voters' anger at high costs of living under Democrats. "I pray to God the president-elect throws away Project 2025. I think it'd be an economic disaster for us and the region," Biden said at the Brookings Institution in Washington, referring to a conservative blueprint for a second Trump administration. Coughing frequently because of a cold, Biden said US consumers would pay the price for the tariffs that Trump has vowed to slap on US neighbors Mexico and Canada and on Asia-Pacific rival China. Read also Most markets down as traders assess crises in S.Korea, France Together they are the three biggest US trading partners. PAY ATTENTION: Follow us on Instagram - get the most important news directly in your favourite app! "I believe this approach is a major mistake," Biden added. At a separate event Tuesday, Treasury Secretary Janet Yellen said Trump's tariffs could "derail the progress that we've made on inflation, and have adverse consequences on growth." She warned at the Wall Street Journal's CEO Council Summit that sweeping tariffs could raise prices significantly for US consumers and pile pressure on companies which rely on imports. Shadow president The White House touted Biden's speech as a "major address on his economic legacy" as the 82-year-old looks to the history books with fewer than six weeks left in office. Biden dropped out of the 2024 presidential race against Trump in July due to concerns about his age and passed the torch to Vice President Kamala Harris, whom Trump comfortably defeated at the November polls. Trump's inauguration is not until January 20, but he has already become something of a shadow president, making pronouncements on the economy and foreign policy and being feted by world leaders. Read also South Korea stocks drop, won stable as Asian markets fluctuate Biden has kept a relatively low profile, but he came out swinging in defense of his own record before an audience of economists. He contrasted his "middle-out, bottom-up economic playbook" with what he called Trump's failed promise of "trickle-down economics" in which tax cuts for the wealthy are supposed to boost incomes. Biden also touted achievements including the US economy's recovery from the Covid pandemic and his huge investments in green technology and industry. "President-elect Trump is receiving the strongest economy in modern history," said Biden. But the departing president said he regretted not signing his name to Covid stimulus checks sent out to Americans, like Trump had done. Biden ended his speech with a broader plea for US leadership in a troubled world, even as Trump has repeatedly signaled his intention to take a more isolationist stance. "If we do not lead the world, what nation leads the world?" he said. PAY ATTENTION: Сheck out news that is picked exactly for YOU ➡️ find the “Recommended for you” block on the home page and enjoy! Source: AFP

Friends at an exclusive co-living space at the edge of touristy Waikiki in Hawaii where the 26-year-old Mangione once lived widely considered him a “great guy,” and pictures on his social media accounts show a fit, smiling, handsome young man on beaches and at parties. Now, investigators in New York and Pennsylvania are working to piece together why Mangione may have diverged from this path to make the violent and radical decision to gun down UnitedHealthcare CEO Brian Thompson in a brazen attack on a Manhattan street. The killing sparked widespread discussions about corporate greed, unfairness in the medical insurance industry and even inspired folk-hero sentiment toward his killer. But Pennsylvania Gov. Josh Shapiro sharply refuted that perception after Mangione's arrest on Monday when a customer at a McDonald's restaurant in Pennsylvania spotted Mangione eating and noticed he resembled the shooting suspect in security-camera photos released by New York police. “In some dark corners, this killer is being hailed as a hero. Hear me on this, he is no hero,” Shapiro said. “The real hero in this story is the person who called 911 at McDonald’s this morning.” Mangione's family and upbringing Mangione comes from a prominent Maryland family. His grandfather, Nick Mangione, who died in 2008, was a successful real estate developer. One of his best-known projects was Turf Valley Resort, a sprawling luxury retreat and conference center outside Baltimore that he purchased in 1978. The Mangione family also purchased Hayfields Country Club north of Baltimore in 1986. On Monday, Baltimore County police officers blocked off an entrance to the property, which public records link to Luigi Mangione’s parents. Reporters and photographers gathered outside the entrance. The father of 10 children, Nick Mangione prepared his five sons — including Luigi Mangione’s father, Louis Mangione — to help manage the family business, according to a 2003 Washington Post report. Nick Mangione had 37 grandchildren, including Luigi, according to the grandfather's obituary. Luigi Mangione’s grandparents donated to charities through the Mangione Family Foundation, according to a statement from Loyola University commemorating Nick Mangione’s wife’s death in 2023. They donated to various causes, including Catholic organizations, colleges and the arts. One of Luigi Mangione’s cousins is Republican Maryland state legislator Nino Mangione, a spokesman for the lawmaker’s office confirmed. “Our family is shocked and devastated by Luigi’s arrest,” Mangione’s family said in a statement posted on social media by Nino Mangione. “We offer our prayers to the family of Brian Thompson and we ask people to pray for all involved.” Mangione's education and work history Mangione, who was valedictorian of his elite Maryland prep school, earned undergraduate and graduate degrees in computer science in 2020 from the University of Pennsylvania, a university spokesman told The Associated Press. He learned to code in high school and helped start a club at Penn for people interested in gaming and game design, according to a 2018 story in Penn Today, a campus publication. His social media posts suggest he belonged to the fraternity Phi Kappa Psi. They also show him taking part in a 2019 program at Stanford University, and in photos with family and friends at the Jersey Shore and in Hawaii, San Diego, Puerto Rico, and other destinations. The Gilman School, from which Mangione graduated in 2016, is one of Baltimore’s elite prep schools. The children of some of the city’s wealthiest and most prominent residents, including Orioles legend Cal Ripken Jr., have attended the school. Its alumni include sportswriter Frank Deford and former Arizona Gov. Fife Symington. In his valedictory speech, Luigi Mangione described his classmates’ “incredible courage to explore the unknown and try new things.” Mangione took a software programming internship after high school at Maryland-based video game studio Firaxis, where he fixed bugs on the hit strategy game Civilization 6, according to a LinkedIn profile. Firaxis' parent company, Take-Two Interactive, said it would not comment on former employees. He more recently worked at the car-buying website TrueCar, but has not worked there since 2023, the head of the Santa Monica, California-based company confirmed to the AP. Time in Hawaii and reports of back pain From January to June 2022, Mangione lived at Surfbreak, a “co-living” space at the edge of touristy Waikiki in Honolulu. Like other residents of the shared penthouse catering to remote workers, Mangione underwent a background check, said Josiah Ryan, a spokesperson for owner and founder R.J. Martin. “Luigi was just widely considered to be a great guy. There were no complaints,” Ryan said. “There was no sign that might point to these alleged crimes they’re saying he committed.” At Surfbreak, Martin learned Mangione had severe back pain from childhood that interfered with many aspects of his life, including surfing, Ryan said. “He went surfing with R.J. once but it didn’t work out because of his back,” Ryan said, but noted that Mangione and Martin often went together to a rock-climbing gym. Mangione left Surfbreak to get surgery on the mainland, Ryan said, then later returned to Honolulu and rented an apartment. An image posted to a social media account linked to Mangione showed what appeared to be an X-ray of a metal rod and multiple screws inserted into someone's lower spine. Martin stopped hearing from Mangione six months to a year ago. An X account linked to Mangione includes recent posts about the negative impact of smartphones on children; healthy eating and exercise habits; psychological theories; and a quote from Indian philosopher Jiddu Krishnamurti about the dangers of becoming “well-adjusted to a profoundly sick society.” Police report a darker turn Mangione likely was motivated by his anger at what he called “parasitic” health insurance companies and a disdain for corporate greed, according to a law enforcement bulletin obtained by AP. He wrote that the U.S. has the most expensive healthcare system in the world and that the profits of major corporations continue to rise while “our life expectancy” does not, according to the bulletin, based on a review of the suspect’s handwritten notes and social media posts. He appeared to view the targeted killing of the UnitedHealthcare CEO as a symbolic takedown, asserting in his note that he is the “first to face it with such brutal honesty,” the bulletin said. Mangione called “Unabomber” Ted Kaczynski a “political revolutionary” and may have found inspiration from the man who carried out a series of bombings while railing against modern society and technology, the document said. Associated Press reporters Lea Skene in Baltimore; Jen Kelleher in Honolulu; Maryclaire Dale in Philadelphia; John Seewer in Toledo, Ohio; and Michael Kunzelman in Washington, D.C., contributed to this report.

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