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San Diego State edges No. 6 Houston 73-70 in overtime to finish 3rd in Players Era tournamentWike Fires Back At Odili, Says Elder Statesman Shouldn’t Be Trader, Sycophant All The Time
Trump's tariffs in his first term did little to alter the economy, but this time could be different WASHINGTON (AP) — Donald Trump loved to use tariffs on foreign goods during his first presidency. But their impact was barely noticeable in the overall economy, even if their aftershocks were clear in specific industries. Josh Boak, The Associated Press Nov 27, 2024 10:36 AM Nov 27, 2024 11:05 AM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message FILE - Prime Minister Justin Trudeau, left, responds to a question as Ontario Premier Doug Ford looks on following an announcement of plans to turn Nokia's Ottawa facility into a research and development technology center in Ottawa, Ontario, on Monday, Oct. 17, 2022. (Adrian Wyld/The Canadian Press via AP, File)tariff WASHINGTON (AP) — Donald Trump loved to use tariffs on foreign goods during his first presidency. But their impact was barely noticeable in the overall economy, even if their aftershocks were clear in specific industries. The data show they never fully delivered on his promised factory jobs. Nor did they provoke the avalanche of inflation that critics feared. This time, though, his tariff threats might be different . The president-elect is talking about going much bigger — on a potential scale that creates more uncertainty about whether he'll do what he says and what the consequences could be. “There's going to be a lot more tariffs, I mean, he's pretty clear,” said Michael Stumo, the CEO of Coalition for a Prosperous America, a group that has supported import taxes to help domestic manufacturing. The president-elect posted on social media Monday that on his first day in office he would impose 25% tariffs on all goods imported from Mexico and Canada until those countries satisfactorily stop illegal immigration and the flow of illegal drugs such as fentanyl into the United States. Those tariffs could essentially blow up the North American trade pact that Trump’s team negotiated during his initial term. Chinese imports would face additional tariffs of 10% until Beijing cracks down on the production of materials used in making fentanyl, Trump posted. Democrats and business groups warn of risks from Trump's tariff threats Business groups were quick to warn about rapidly escalating inflation , while Mexican President Claudia Sheinbaum said she would counter the move with tariffs on U.S. products. House Democrats put together legislation to strip a president’s ability to unilaterally apply tariffs this drastic, warning that they would likely lead to higher prices for autos, shoes, housing and groceries. Sheinbaum said Wednesday that her administration is already working up a list of possible retaliatory tariffs “if the situation comes to that.” “The economy department is preparing it,” Sheinbaum said. “If there are tariffs, Mexico would increase tariffs, it is a technical task about what would also benefit Mexico,” she said, suggesting her country would impose targeted import duties on U.S. goods in sensitive areas. House Democrats on Tuesday introduced a bill that would require congressional approval for a president to impose tariffs due to claims of a national emergency, a largely symbolic action given Republicans' coming control of both the House and Senate. "This legislation would enable Congress to limit this sweeping emergency authority and put in place the necessary Congressional oversight before any president – Democrat or Republican – could indiscriminately raise costs on the American people through tariffs,” said Rep. Suzan DelBene, D-Wash. But for Trump, tariffs are now a tested tool that seems less politically controversial even if the mandate he received in November's election largely involved restraining inflation. The tariffs he imposed on China in his first term were continued by President Joe Biden, a Democrat who even expanded tariffs and restrictions on the world's second largest economy. Biden administration officials looked at removing Trump's tariffs in order to bring down inflationary pressures, only to find they were unlikely to help significantly. Tariffs were “so new and unique that it freaked everybody out in 2017,” said Stumo, but they were ultimately somewhat modest. Trump's first term tariffs had a modest impact on economy Trump imposed tariffs on solar panels and washing machines at the start of 2018, moves that might have pushed up prices in those sectors even though they also overlapped with plans to open washing machine plants in Tennessee and South Carolina. His administration also levied tariffs on steel and aluminum, including against allies. He then increased tariffs on China, leading to a trade conflict and a limited 2020 agreement that failed to produce the promised Chinese purchases of U.S. goods. Still, the dispute changed relations with China as more U.S. companies looked for alternative suppliers in other countries. Economic research also found the United States may have sacrificed some of its “soft power” as the Chinese population began to watch fewer American movies. The Federal Reserve kept inflation roughly on target, but factory construction spending never jumped in a way that suggested a lasting gain in manufacturing jobs. Separate economic research found the tariff war with China did nothing economically for the communities hurt by offshoring, but it did help Trump and Republicans in those communities politically. When Trump first became president in 2017, the federal government collected $34.6 billion in customs, duties and fees. That sum more than doubled under Trump to $70.8 billion in 2019, according to Office of Management and Budget records. While that sum might seem meaningful, it was relatively small compared to the overall economy. America's gross domestic product is now $29.3 trillion, according to the Bureau of Economic Analysis. The total tariffs collected in the United States would equal less than 0.3% of GDP. Trump wants much more far-reaching tariffs going forward The new tariffs being floated by Trump now are dramatically larger and there could be far more significant impacts. If Mexico, Canada, and China faced the additional tariffs proposed by Trump on all goods imported to the United States, that could be roughly equal to $266 billion in tax collections, a number that does not assume any disruptions in trade or retaliatory moves by other countries. The cost of those taxes would likely be borne by U.S. families, importers and domestic and foreign companies in the form of higher prices or lower profits. Former Biden administration officials said they worried that companies could piggyback on Trump's tariffs — if they're imposed — as a rationale to raise their prices, just as many companies after Russia's invasion of Ukraine in 2022 boosted food and energy costs and gave several major companies the space to raise prices, according to their own earnings calls with investors. But what Trump didn't really spell out is what might cause him to back down on tariffs and declare a victory. What he is creating instead with his tariff threats is a sense of uncertainty as companies and countries await the details to figure out what all of this could mean. “We know the key economic policy priorities of the incoming Trump administration, but we don’t know how or when they will be addressed,” said Greg Daco, chief U.S. economist at EY-Parthenon. __ AP writer Mark Stevenson contributed to this report from Mexico City. Josh Boak, The Associated Press See a typo/mistake? Have a story/tip? This has been shared 0 times 0 Shares Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message More The Mix Federal government will not send Canada Post strike to arbitration, minister says Nov 27, 2024 10:57 AM Trump's tariffs would devastate auto sector, raise consumer costs: industry leader Nov 27, 2024 10:54 AM Inuit Nunangat University closer to realization with $50M from Mastercard Foundation Nov 27, 2024 10:05 AM Featured Flyer
Colorado voters felt optimistic leading up to Election Day, poll shows
CHICAGO — In the days after the presidential election, Sadie Perez began carrying pepper spray with her around campus. Her mom also ordered her and her sister a self-defense kit that included keychain spikes, a hidden knife key and a personal alarm. It’s a response to an emboldened fringe of right-wing “manosphere” influencers who have seized on Republican Donald Trump ’s presidential win to justify and amplify misogynistic derision and threats online. Many have appropriated a 1960s abortion rights rallying cry, declaring “Your body, my choice” at women online and on college campuses. For many women, the words represent a worrying harbinger of what might lie ahead as some men perceive the election results as a rebuke of reproductive rights and women’s rights. “The fact that I feel like I have to carry around pepper spray like this is sad,” said Perez, a 19-year-old political science student in Wisconsin. “Women want and deserve to feel safe.” Isabelle Frances-Wright, director of technology and society at the Institute for Strategic Dialogue, a think tank focusing on polarization and extremism, said she had seen a “very large uptick in a number of types of misogynistic rhetoric immediately after the election,” including some “extremely violent misogyny.” “I think many progressive women have been shocked by how quickly and aggressively this rhetoric has gained traction,” she said. The phrase “Your body, my choice” has been largely attributed to a post on the social platform X from Nick Fuentes, a Holocaust-denying white nationalist and far-right internet personality who dined at Trump's Mar-a-Lago club in Florida two years ago. In statements responding to criticism of that event, Trump said he had “never met and knew nothing about” Fuentes before he arrived. Mary Ruth Ziegler, a law professor at the University of California, Davis School of Law, said the phrase transforms the iconic abortion rights slogan into an attack on women’s right to autonomy and a personal threat. “The implication is that men should have control over or access to sex with women,” said Ziegler, a reproductive rights expert. Fuentes' post had 35 million views on X within 24 hours, according to a report by Frances-Wright's think tank, and the phrase spread rapidly to other social media platforms. Women on TikTok have reported seeing it inundate their comment sections. The slogan also has made its way offline with boys chanting it in middle schools or men directing it at women on college campuses, according to the Institute for Strategic Dialogue report and social media reports. One mother said her daughter heard the phrase on her college campus three times, the report said . School districts in Wisconsin and Minnesota have sent notices about the language to parents. T-shirts emblazoned with the phrase were pulled off Amazon. Perez said she has seen men respond to shared Snapchat stories for their college class with “Your body, my choice.” “It makes me feel disgusted and infringed upon,” she said. “... It feels like going backwards.” Misogynistic attacks have been part of the social media landscape for years. But Frances-Wright and others who track online extremism and disinformation said language glorifying violence against women or celebrating the possibility of their rights being stripped away has spiked since the election. Online declarations for women to “Get back in the kitchen” or to “Repeal the 19th,” a reference to the constitutional amendment that gave women the right to vote, have spread rapidly. In the days surrounding the election, the extremism think tank found that the top 10 posts on X calling for repeal of the 19th Amendment received more than 4 million views collectively. A man holding a sign with the words “Women Are Property” sparked an outcry at Texas State University . The man was not a student, faculty or staff, and was escorted off campus, according to the university’s president . The university is “exploring potential legal responses,” he said. Anonymous rape threats have been left on the TikTok videos of women denouncing the election results. And on the far-flung reaches of the web, 4chan forums have called for “rape squads” and the adoption of policies in “The Handmaid’s Tale,” a dystopian book and TV series depicting the dehumanization and brutalization of women. “What was scary here was how quickly this also manifested in offline threats,” Frances-Wright said, emphasizing that online discourse can have real-world impacts. Previous violent rhetoric on 4chan has been connected to racially motivated and antisemitic attacks, including a 2022 shooting by a white supremacist in Buffalo that killed 10 people . Anti-Asian hate incidents also rose as politicians, including Trump , used words such as “Chinese virus” to describe the COVID-19 pandemic. And Trump’s language targeting Muslims and immigrants in his first campaign correlated with spikes in hate speech and attacks on these groups, Frances-Wright said. The Global Project Against Hate and Extremism reported similar rhetoric, with “numerous violent misogynistic trends” gaining traction on right-wing platforms such 4chan and spreading to more mainstream ones such as X since the election. Throughout the presidential race, Trump’s campaign leaned on conservative podcasts and tailored messaging toward disaffected young men . As Trump took the stage at the Republican National Convention over the summer, the song “It’s A Man’s Man’s Man’s World” by James Brown blared from the speakers. One of several factors to his success this election was modestly boosting his support among men , a shift concentrated among younger voters, according to AP VoteCast, survey of more than 120,000 voters nationwide. But Trump also won support from 44% of women age 18 to 44, according to AP VoteCast. To some men, Trump's return to the White House is seen as a vindication, gender and politics experts said. For many young women, the election felt like a referendum on women’s rights and Democratic Vice President Kamala Harris ’ loss felt like a rejection of their own rights and autonomy. “For some of these men, Trump’s victory represents a chance to reclaim a place in society that they think they are losing around these traditional gender roles,” Frances-Wright said. None of the current online rhetoric is being amplified by Trump or anyone in his immediate orbit. But Trump has a long history of insulting women , and the spike in such language comes after he ran a campaign that was centered on masculinity and repeatedly attacked Harris over her race and gender . His allies and surrogates also used misogynistic language about Harris throughout the campaign. “With Trump’s victory, many of these men felt like they were heard, they were victorious. They feel that they have potentially a supporter in the White House,” said Dana Brown, executive director of the Pennsylvania Center for Women and Politics. Brown said some young men feel they’re victims of discrimination and have expressed mounting resentment for successes of the women’s rights movement, including #MeToo . The tension also has been influenced by socioeconomic struggles. As women become the majority on college campuses and many professional industries see increasing gender diversity, it has “led to young men scapegoating women and girls, falsely claiming it’s their fault they’re not getting into college anymore as opposed to looking inward,” Brown said. Perez, the political science student, said she and her sister have been leaning on each other, their mother and other women in their lives to feel safer amid the online vitriol. They text each other to make sure they got home safely. They have girls' nights to celebrate wins, including a female majority in student government at their campus in the University of Wisconsin system. “I want to encourage my friends and the women in my life to use their voices to call out this rhetoric and to not let fear take over,” she said.North Korea will launch its "toughest" ever strategy to counter the United States , state media said Sunday, reporting on a key year-end party meeting overseen by leader Kim Jong Un . ET Year-end Special Reads What kept India's stock market investors on toes in 2024? India's car race: How far EVs went in 2024 Investing in 2025: Six wealth management trends to watch out for The nuclear-armed state held a five-day party meeting last week as part of a drive to chart the country's course for 2025, the official Korean Central News Agency reported in a lengthy English dispatch. "The US is the most reactionary state that regards anti-communism as its invariable state policy," the report said. It slammed growing ties between South Korea, the US and Japan, saying it had "expanded into a nuclear military bloc for aggression". It also said South Korea had "turned into an out-and-out anti-communist outpost of the US". 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View Program Data Science SQL for Data Science along with Data Analytics and Data Visualization By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) AI and Analytics based Business Strategy By - Tanusree De, Managing Director- Accenture Technology Lead, Trustworthy AI Center of Excellence: ATCI View Program Web Development A Comprehensive ASP.NET Core MVC 6 Project Guide for 2024 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Marketing Digital Marketing Masterclass by Pam Moore By - Pam Moore, Digital Transformation and Social Media Expert View Program Artificial Intelligence(AI) AI-Powered Python Mastery with Tabnine: Boost Your Coding Skills By - Metla Sudha Sekhar, IT Specialist and Developer View Program Office Productivity Mastering Microsoft Office: Word, Excel, PowerPoint, and 365 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Marketing Digital marketing - Wordpress Website Development By - Shraddha Somani, Digital Marketing Trainer, Consultant, Strategiest and Subject Matter expert View Program Office Productivity Mastering Google Sheets: Unleash the Power of Excel and Advance Analysis By - Metla Sudha Sekhar, IT Specialist and Developer View Program Web Development Mastering Full Stack Development: From Frontend to Backend Excellence By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance Financial Literacy i.e Lets Crack the Billionaire Code By - CA Rahul Gupta, CA with 10+ years of experience and Accounting Educator View Program Data Science SQL Server Bootcamp 2024: Transform from Beginner to Pro By - Metla Sudha Sekhar, IT Specialist and Developer View Program "This reality clearly shows to which direction we should advance and what we should do and how," KCNA said. Against this backdrop, Kim's speech to top officials "clarified the strategy for the toughest anti-US counteraction to be launched aggressively", the report said without providing details. The meeting reviewed the response to widespread flooding earlier this year, and also included a vow to boost ties with "friendly" countries. Such party meetings, and Kim's speeches to officials, are typically used by Pyongyang to make key policy announcements. The KCNA report comes after Seoul's military claimed that more than a thousand North Korean soldiers had been killed or wounded since they entered combat in Ukraine as part of a military deal between Pyongyang and Moscow. North Korea and Russia have strengthened their military ties since Moscow's invasion of Ukraine in February 2022. A landmark defence pact between Pyongyang and Moscow -- signed in June when Russian President Vladimir Putin North Korea -- came into force this month. Putin hailed it as a "breakthrough document". North Korean state media said Friday that Putin sent a New Year's message to North Korean leader Kim Jong Un, saying, "the bilateral ties between our two countries have been elevated after our talks in June in Pyongyang". Ukraine's allies have called Pyongyang's growing involvement in Russia's war in Ukraine a "dangerous expansion" of the conflict. (You can now subscribe to our Economic Times WhatsApp channel )Australia and India produced the best of cricket in the ongoing fourth match of the Border-Gavaskar Trophy 2024-25, resulting in a record-breaking crowd at Melbourne Cricket Ground on Monday, December 30. The total attendance of the Melbourne Test surged past 3,50,000 as the fans gathered in strength to witness history unfolding on Day 5. After a memorable cricket in the first four days, both teams entered Day 5 as favourites, triggering a record-breaking attendance. The screen at MCG revealed a total attendance of 3,50,700 during the first session, with many more joining the game after lunch. This count broke the previous record of attendance of 3, 50, 534 in Tests in Australia set during the Boxing Day Test between Australia and England at MCG in 1937. Cricket Australia reportedly confirmed an attendance of 51,371 on Day 5 as many packed the stands to witness a thrilling contest at MCG. The attendance crossed the 60000-mark when India made a comeback in the second session with Yashasvi Jaiswal and Rishabh Pant taking India from 33 for 3 to 107 for 3 in 52 overs. More to follow...
Tensions high as U.N. climate talks result in new dealWASHINGTON — President-elect Donald Trump is telling the Supreme Court that he can make a deal that will resolve the national security dispute over TikTok and preserve the video site for 170 million Americans. All the justices need to do, he says, is to stand aside and suspend a pending law that could shut down TikTok on Jan. 19, the day before Trump takes office again. "President Trump alone possesses the consummate deal-making expertise, the electoral mandate, and the political will to negotiate a resolution to save the platform," his attorney said in a friend-of-the court brief filed Friday night. His plan might work, at least to buy more time. The justices had agreed to make a fast-track decision on the potentially momentous issue involving social media and free speech. "I think the court is likely to see great benefit in issuing a stay and little downside," said University of California, Berkeley Law Dean Erwin Chemerinsky. "The case poses a novel and very difficult First Amendment issue. Never before has the government tried to ban a medium of communication, but there also is a history of judicial deference to national security claims." Before Trump's intervention, TikTok appeared to face a difficult fight in the court. The House and Senate had passed legislation by large bipartisan majorities requiring the platform to separate itself from its Chinese owner or to shut down in this country. President Joe Biden signed the bill into law in April. And by its terms, it was scheduled to take effect in 270 days. Although the justices are not shy about striking down federal regulations, they are wary of overturning an act of Congress, particularly one that is based on threats to national security. The U.S. appeals court in Washington cited national security when it upheld the law earlier this month. In a 3-0 decision, the judges said the law did not target speech or expression. Rather, lawmakers were convinced the Chinese parent company could gather personal data on millions of Americans, the judges said. If the law took effect on Jan. 19, Apple, Oracle and other U.S. companies could have faced large civil fines if they continued to work with TikTok. Trump's attorney D. John Sauer filed a friend-of-the-court brief that differed in tone and substance from all the others. Rather than weigh in on the First Amendment question the justices had agreed to decide , he explained why Trump was better-suited to decide it. "Through his historic victory on November 5, 2024, President Trump received a powerful electoral mandate from American voters to protect the free-speech rights of all Americans — including the 170 million Americans who use TikTok," he wrote. "Moreover, President Trump is one of the most powerful, prolific, and influential users of social media in history." Noting that Trump has 14.7 million followers on TikTok, Sauer argued that the president-elect is well-positioned "to evaluate TikTok's importance as a unique medium for freedom of expression, including core political speech." He also wrote that as the founder of another social-media platform, Truth Social, Trump has "an in-depth perspective on the extraordinary government power attempted to be exercised in this case — the power of the federal government to effectively shut down a social-media platform favored by tens of millions of Americans." "In light of these interests — including, most importantly, his overarching responsibility for the United States' national security and foreign policy — President Trump opposes banning TikTok in the United States at this juncture, and seeks the ability to resolve the issues at hand through political means once he takes office." In 2020, Trump had voiced alarm over TikTok because of its Chinese ownership. Lawmakers later heard classified briefings that convinced them the foreign ownership posed a danger. But by the time the law won approval, Trump had switched sides. He said he believed TikTok helped him win the support of young voters. "TikTok had an impact, so we're taking a look at it," he told reporters two weeks ago. "I have a little warm spot in my heart." A year ago, his attorney Sauer drew criticism from some legal experts for boldly asserting that Trump as a former president had an absolute immunity from criminal charges for his official acts while in office. But in July, he won a 6-3 ruling from the Supreme Court that gave him and Trump what he had sought. Sauer is now set to represent Trump and his administration before the Supreme Court as U.S. solicitor general. He did not say precisely what the court should do now, only that it "should consider staying the statutory deadline to grant more breathing space" to the incoming administration and that one provision in the law allowed for a 90-day extension before it took effect. The court asked for responses to the competing briefs by next Friday. It scheduled two hours of argument for Jan. 10. It's not certain the justices will readily comply with Trump's request. Two weeks ago, former Trump attorney Noel Francisco filed an appeal on TikTok's behalf urging the justices to put the law on hold for a brief period. But the justices brushed aside that suggestion and said they would decide whether divestiture law violated the First Amendment. "I am skeptical Trump's intervention will make a difference," said Alan Rozenshtein, a University of Minnesota law professor who has written about the pending law. He noted that the Supreme Court denied TikTok's request to stay the law because it did not think TikTok could meet the requirements for a stay: a reasonable chance of winning on the merits. "Trump's argument does not change that," he said. "It may be bad luck for TikTok (and Trump) that the law goes into effect the day before inauguration, but such is life." ©2024 Los Angeles Times. Visit latimes.com . Distributed by Tribune Content Agency, LLC.FREMONT, Calif. , Nov. 21, 2024 /PRNewswire/ -- Lam Research Corp. (Nasdaq: LRCX) today announced that Doug Bettinger , Executive Vice President and Chief Financial Officer, will participate in the following upcoming investor events: UBS Global Technology and AI Conference, December 3, 2024 , at 1:15 p.m. Pacific Time ( 2:15 p.m. Mountain Time ) Barclays 22 nd Annual Global Technology Conference, December 11, 2024 , at 8:40 a.m. Pacific Time Live audio webcasts of these presentations will be available to the public and can be accessed from the Investors' section of Lam's website at www.lamresearch.com . A replay of the audio webcasts will be available for two weeks after the presentation date. About Lam Research Lam Research Corporation (NASDAQ: LRCX) is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry. Lam's equipment and services allow customers to build smaller and better performing devices. In fact, today, nearly every advanced chip is built with Lam technology. We combine superior systems engineering, technology leadership, and a strong values-based culture, with an unwavering commitment to our customers. Lam Research is a FORTUNE 500 ® company headquartered in Fremont, California , with operations around the globe. Learn more at www.lamresearch.com (LRCX). IR Contact: Ram Ganesh Investor Relations (510) 572-1615 investor.relations@lamresearch.com Source: Lam Research Corporation, (Nasdaq: LRCX) View original content to download multimedia: https://www.prnewswire.com/news-releases/lam-research-corporation-announces-participation-at-upcoming-conferences-302313593.html SOURCE Lam Research Corporation
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