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Gautam Adani's conglomerate could find it harder to get funding following a U.S. arrest warrant for its billionaire founder, with some banks considering halting fresh credit to the Indian group due to an alleged $265 million bribery scheme. Some global banks are considering temporarily halting fresh credit to the Adani Group after the U.S. indictment but maintaining existing loans, sources told Reuters. Ratings agency S&P warned in a statement that the group will need regular access to equity and debt markets given its large growth plans, but it might find fewer takers. "We believe domestic, as well as some international banks and bond market investors, look at Adani entities as a group, and could set group limits on their exposure," it said. However, S&P added that the rated entities have "no immediate and lumpy" debt maturities. Web Development A Comprehensive ASP.NET Core MVC 6 Project Guide for 2024 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 Marketing Future of Marketing & Branding Masterclass By - Dr. David Aaker, Professor Emeritus at the Haas School of Business, UC Berkeley, Author | Speaker | Thought Leader | Branding Consultant View Program Finance AI and Generative AI for Finance By - Hariom Tatsat, Vice President- Quantitative Analytics at Barclays View Program Marketing Marketing & Sales Strategies for Startups: From Concept to Conversion By - Dr. Anu Khanchandani, Startup Coach with more than 25 years of experience View Program Finance Tally Prime & GST Accounting: Complete Guide By - CA Raj K Agrawal, Chartered Accountant View Program Web Development JavaScript Essentials: Unlock AI-Driven Insights with ChatGPT By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) ChatGPT Mastery from Zero to Hero: The Complete AI Course By - Metla Sudha Sekhar, IT Specialist and Developer 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 Advanced Java Mastery: Object-Oriented Programming Techniques By - Metla Sudha Sekhar, IT Specialist and Developer View Program Office Productivity Microsoft Word Mastery: From Beginner to Expert By - CA Raj K Agrawal, Chartered Accountant View Program Web Development Master RESTful APIs with Python and Django REST Framework: Web API Development By - Metla Sudha Sekhar, IT Specialist and Developer View Program Leadership From Idea to Product: A Startup Development Guide By - Dr. Anu Khanchandani, Startup Coach with more than 25 years of experience View Program Artificial Intelligence(AI) Master in Python Language Quickly Using the ChatGPT Open AI By - Metla Sudha Sekhar, IT Specialist and Developer View Program Astrology Vastu Shastra Course By - Sachenkumar Rai, Vastu Shashtri View Program Office Productivity Mastering Microsoft Office: Word, Excel, PowerPoint, and 365 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Leadership Validating Your Startup Idea: Steps to Ensure Market Fit By - Dr. Anu Khanchandani, Startup Coach with more than 25 years of experience View Program Marketing Digital Marketing Masterclass by Neil Patel By - Neil Patel, Co-Founder and Author at Neil Patel Digital Digital Marketing Guru View Program Senior executives at two of Adani's global lenders said that they have had multiple calls within their respective banks to discuss exposure to the group and what the impact of the indictment would be on its financial position. Research firm CreditSights highlighted refinancing for the conglomerate's green energy business, which is at the centre of the allegations, as its biggest near-term concern. Bonds issued by the Adani Group dropped sharply for a second day on Friday and although the shares of some Adani firms clawed back some of Thursday's losses, the overall market value of all 10 stocks has dropped by $27.9 billion over two sessions. Adani Green Energy, which is at the centre of the U.S. allegations, has lost nearly $7 billion of its value. U.S. authorities have charged Adani and seven other people with agreeing to pay bribes to Indian government officials to obtain contracts that could yield $2 billion of profit over 20 years as well as to develop India's largest solar power project. Adani Group has said the accusations as well as those levelled by the U.S. Securities and Exchange Commission in a parallel civil case are "baseless and denied" and that it will seek "all possible legal recourse". Some analysts said the fallout was unlikely to be limited to the Adani group of companies. "India's renewable energy sector, a critical pillar for global climate goals, may face reduced international investment as a result of this controversy," said Nimish Maheshwari, an independent analyst who publishes on Smartkarma. "Investors may demand greater transparency and due diligence, slowing down the pace of project financing." The Securities and Exchange Board of India, the country's market regulator, is making preliminary checks to see if disclosures made by Adani entities were inadequate and if they breached local market regulations, a SEBI official told Reuters. SEBI did not respond to a request for comment. The regulator has completed a separate investigation into the group, but not yet issued orders, after Hindenburg Research in January 2023 alleged improper use of tax havens and stock manipulation, which the group has denied. Falls in Adani dollar bond prices on Friday included a 2.5c drop on the dollar for 2029 Adani Ports and Special Economic Zone bonds. At 87.8c, they are down more than 5c over the two sessions. Longer-dated maturities have fallen around 5c in two days and trade just below 80c. Adani Transmission and Adani Electricity Mumbai bond prices had similar declines. Investors are also watching to see if more Adani deals could be scuttled after Kenya cancelled a procurement process worth nearly $2 billion that had been widely expected to award control of the country's main airport to the group. It also nixed a 30-year, $736-million public-private partnership deal that an Adani Group firm signed with the energy ministry last month to construct power transmission lines. Adani Green also cancelled a scheduled $600 million U.S. bond sale. U.S. prosecutors say Adani, his nephew Sagar Adani and others bribed Indian officials to gain business advantages in renewable energy projects in India that benefited Adani Green and a company called Azure Power, which was listed on the New York Stock Exchange until late 2023. They are also accused of making misleading statements to the public, including U.S. investors, despite being made aware of the U.S. investigation in 2023. Adani has not appeared in public or commented on social media since the indictment and his whereabouts remain unclear. Indian authorities have not responded to opposition calls for a probe into the indictment, which came not long after Adani raised $1.5 billion through two share sales by flagship firm Adani Enterprises and power distribution arm Adani Energy Solutions. (Reporting by Scott Murdoch and Tom Westbrook; Additional reporting by Chris Thomas, Ira Dugal, Aditya Kalra and Krishna Das; Editing by Edwina Gibbs and Alexander Smith) (You can now subscribe to our Economic Times WhatsApp channel )Road wins take Olympiakos and Panathinaikos higher in Euroleague
The bill is traditionally strongly bipartisan, but some Democratic lawmakers opposed the inclusion of a ban on transgender medical treatments for children of military members if such treatment could result in sterilization. It passed by a vote of 281-140 and next moves to the Senate, where lawmakers sought a bigger boost in defense spending than the current measure allows. Lawmakers are touting the bill's 14.5% pay raise for junior enlisted service members and a 4.5% increase for others as key to improving the quality of life for those serving in the U.S. military. Those serving as junior enlisted personnel are in pay grades that generally track with their first enlistment term. Lawmakers said service member pay failed to remain competitive with the private sector, forcing many military families to rely on food banks and government assistance programs to put food on the table. The bill also provides significant new resources for child care and housing. "No service member should have to live in squalid conditions and no military family should have to rely on food stamps to feed their children, but that's exactly what many of our service members are experiencing, especially the junior enlisted," said Rep. Mike Rogers, R-Ala., chairman of the House Armed Services Committee. "This bill goes a long way to fixing that." The bill sets key Pentagon policy that lawmakers will attempt to fund through a follow-up appropriations bill. The overall spending tracks the numbers established in a 2023 agreement that then-Speaker Kevin McCarthy, R-Calif., reached with President Joe Biden to increase the nation's borrowing authority and avoid a federal default in exchange for spending restraints. Many senators had wanted to increase defense spending some $25 billion above what was called for in that agreement, but those efforts failed. Sen. Roger Wicker, R-Miss., who is expected to serve as the next chairman of the Senate Armed Services Committee, said the overall spending level was a "tremendous loss for our national defense," though he agreed with many provisions within the bill. "We need to make a generational investment to deter the Axis of Aggressors. I will not cease work with my congressional colleagues, the Trump administration, and others until we achieve it," Wicker said. House Republicans don't want to go above the McCarthy-Biden agreement for defense spending and are looking to go way below it for many non-defense programs. They are also focused on cultural issues. The bill prohibits funding for teaching critical race theory in the military and prohibits TRICARE health plans from covering gender dysphoria treatment for children under 18 if that treatment could result in sterilization. Rep. Adam Smith of Washington state, the ranking Democratic member of the House Armed Services Committee, said minors dealing with gender dysphoria is a "very real problem." He said the treatments available, including puberty blockers and hormone therapy, have proven effective at helping young people dealing with suicidal thoughts, anxiety and depression. "These treatments changed their lives and in many cases saved their lives," Smith said. "And in this bill, we decided we're going to bar service members' children from having access to that." Smith said the number of minors in service member families receiving transgender medical care extends into the thousands. He could have supported a study asking medical experts to determine whether such treatments are too often used, but a ban on health insurance coverage went too far. He said Speaker Mike Johnson's office insisted on the ban and said the provision "taints an otherwise excellent piece of legislation." Rep. Chip Roy, R-Texas, called the ban a step in the right direction, saying, "I think these questions need to be pulled out of the debate of defense, so we can get back to the business of defending the United States of America without having to deal with social engineering debates." Smith said he agrees with Roy that lawmakers should be focused on the military and not on cultural conflicts, "and yet, here it is in this bill." Branden Marty, a Navy veteran who served for 13 years, said the loss of health coverage for transgender medical treatments could prompt some with valuable experience to leave the military, affecting national security because "we already struggle from a recruiting and retention standpoint." He also said the bill could regularly force service members into difficult choices financially. "It will be tough for a lot of them because of out-of-pocket expenses, especially enlisted members who we know already struggle with food insecurity," said Marty, the father of a transgender teenager. "They don't get paid very much, so they're going to be making a lot of choices on a day-to-day, tactical level." Rep. Hakeem Jeffries, the House Democratic leader, said his team did not tell Democrats how to vote on the bill. "There's a lot of positive things in the National Defense Authorization Act that were negotiated in a bipartisan way, and there are some troubling provisions in a few areas as well," Jeffries said. Overall, 81 Democrats voted for the bill and 124 against it. On the Republican side, 200 voted for the bill and 16 against it. "It's disappointing to see 124 of my Democrat colleagues vote against our brave men and women in uniform over policies that have nothing to do with their intended mission," Johnson, R-La., said. The defense policy bill also looks to strengthen deterrence against China. It calls for investing $15.6 billion to build military capabilities in the Indo-Pacific region. The Biden administration requested about $10 billion. On Israel, the bill, among other things, includes an expansion of U.S. joint military exercises with Israel and a prohibition on the Pentagon citing casualty data from Hamas. The defense policy bill is one of the final measures that lawmakers view as a must-pass before making way for a new Congress in January.Ubisoft keeps talking about Assassin's Creed Shadows like it finally remembers it used to make Splinter Cell, the greatest stealth gamesEastern Co CFO Nicholas Vlahos buys $14,463 in stock
Daily Post Nigeria Bauchi lecturers declare two-week warning strike Home News Politics Metro Entertainment Sport Education Bauchi lecturers declare two-week warning strike Published on December 12, 2024 By Timi Owolabi Lecturers in Bauchi State-owned polytechnics, colleges, and monotechnics, under the Joint Action Committee, JAC, of academic and non-academic staff, have issued a two-week warning strike to the government for failing to meet their demands regarding the new minimum wage. The union revealed that they had issued a 21-day ultimatum on November 19, demanding that the government implement the new national minimum wage act in line with their salary structure. JAC Chairman Abubakar Ahmed made this known during a press briefing in Bauchi on Thursday, stating that the government had shown no commitment to addressing their demands. “JAC acknowledges the meagre salaries paid to our members across the institutions for November 2024. However, this falls short of our expectations. We demand full implementation of the new salary structure for higher institutions as approved by the National Salaries and Wages Commission,” Abubakar said. He further lamented that the government had failed to initiate any negotiations with the union during the 21-day ultimatum period. DAILY POST reports that, as a result of the warning strike, lecturers in institutions such as Abubakar Tatari Ali Polytechnic; Adamu Tafawa Balewa College of Education, Kangere; Aminu Saleh College of Education, Azare; A.D. Rufai College of Education, Legal and General Studies, Misau; Bauchi State College of Agriculture; and Bill and Melinda Gates College of Health Technology, Ningi, have been directed to fully comply with the strike action. Abubakar also called on students and parents to understand the lecturers’ grievances, adding that the action is in the best interest of the public. In another development, the Bauchi State Government has set up a high-level panel to address the pressing concerns at Sa’adu Zungur University, Gadau. The panel, comprising eminent professionals and education experts, will undertake a comprehensive review of the university to identify challenges and provide actionable recommendations. Chaired by Prof. Gambo Laraba Abdullahi, the panel was tasked with investigating the causes of the ongoing strike at the institution, reviewing financial operations, examining academic programs, evaluating infrastructure, and assessing governance structures, among other things. The panel has eight weeks to complete its assignment and submit a detailed report to the government. Related Topics: Bauchi strike Don't Miss NEC: Governors endorse creation of State Police You may like Bauchi Judicial Commission dismisses Shari’ah court judge over alleged misconduct Bauchi Forum rejects Tax Reform Bills, urges Senate to demand withdrawal Human rights commission records 56,000 cases in Bauchi Bauchi reaffirms commitment to Kolmani oil exploration Governor Mohammed approves creation of Sayawa Chiefdom in Bauchi How man impregnated daughter twice – Bauchi governor’s wife laments Advertise About Us Contact Us Privacy-Policy Terms Copyright © Daily Post Media Ltd
Opposition Leader John Pesutto defamed ousted Liberal MP Moira Deeming, the Federal Court has found, in a high-stakes judgment that could cost him his job. Pesutto was ordered to pay Deeming $300,000 for the damage to her reputation in a damning judgment that found he had defamed her on five separate occasions. Independent MP Moira Deeming (centre) pictured arriving at court ahead of the judgment. Credit: AAPIMAGE Deeming alleged she had been “tarred with the Nazi brush” as part of Pesutto’s “campaign” to expel her from the parliamentary Liberal Party, her barrister Sue Chrysanthou, SC, had told the court. Deeming, who now sits on the crossbench of the Victorian Parliament, had helped organise the Let Women Speak rally on March 18, 2023. Neo-Nazis were among several groups of protesters that arrived at the steps of parliament that day. She condemned the men, said they were not there to support her cause, and told the court she did not see them until they were escorted away by police. Pesutto moved to expel Deeming from the parliamentary party in the following days. She was instead suspended in a last-minute compromise, but was ultimately expelled weeks later, after threatening to bring in lawyers. Handing down his decision on Thursday after hearing more than three weeks of evidence that damaged the party room and threatened stability, Justice David O’Callaghan agreed Pesutto had defamed Deeming. Rumblings to overthrow Pesutto in October did not amount to anything, but many in the party room had privately accepted that a loss for Pesutto would make his position as leader untenable.
NoneSOMETHING odd happens if you do an internet search on what occurred in the sporting year. The first two things that came up for me were, 2024 in review: The sports business year in deals and Annual Review of Football Finance 2024. So when you ask Google a question about sport, the first thing on its mind is money . Advertisement 9 All-conquering manager Pep Guardiola going on an unprecedented losing streak has made him more interesting Credit: Getty 9 Darts prodigy Luke Littler became an overnight sensation - but had to settle for second place Credit: Getty 9 There was no fairytale ending for British tennis legend Andy Murray at his final Wimbledon Credit: Alamy Unsettling, if you ask me, although it does point to something beautiful — that TV people have cottoned on to the fact sport is the only thing they can rely upon to bring the world together, watching the same thing at the same time, riding the same emotional rollercoaster. They love this because they can sell the advertising space around it. We love it because, well, we just love it. Year after year, sport delivers in ways we knew it would, and in ways we could never have imagined. Take Luke Littler . Who’d have thought 2024 would begin with an extraordinary teenager dominating the back, and front, pages. Advertisement READ MORE ON PEP GUARDIOLA ETI-MAD Man City booed off by own fans after Haaland misses penalty in Everton draw PLEASE SPEND Guardiola reveals City players are BEGGING club to buy new stars in January Think about it. How many times in your life does sport have you shaking your head in disbelief, muttering something to yourself like, “Wow. Incredible”? Littler’s story has been a sporting fairytale, except that’s not quite right. Referring to sports stories as fairytales is too much of a cliche. Also, it wasn’t quite a fairytale, was it? In a proper fairytale, the 16-year-old prodigy would have turned up, shocked every opponent winning every round, and gone on to win the title. Advertisement Most read in Sport Comment KRIS BOYD Philippe Clement has two games to save his job, if this is still Rangers I knew BAL ROLLING Clement delivers injury update on Balogun ahead of Motherwell & Celtic clashes GREEN LIGHT KMI review panel rules on Celtic-Motherwell penalty row and Butland yellow card Gossip KEEP CAM Celtic hero Cameron Carter-Vickers 'emerges as shock target for European giants' But no, this is sport, so there’s not necessarily a neat tying up of the tale. He finished second. Dose of defeat Still brilliant, incredible, inspiring and moving. But not quite a fairytale. Watch the moment Darts superstar Luke Littler gets perfect score on Bullseye as show finally makes long-awaited comeback It was like Cinderella finding the slipper fitted but also that she couldn’t immediately marry the prince , as he already had a girlfriend, and had to sort that out first. Her day would surely come, as Littler’s did in a triumphant year for him that is likely to end for him as dramatically as it started. Advertisement It’s the kinks in the sporting stories which make the magic. While almost every film or TV series ends up with the good guys winning, in sport you can never be quite sure. And here lies the magic. There are those saying Pep is now a diminished figure. But I don’t see it like that I wouldn’t blame Manchester City fans for not much enjoying the mysterious magic of sport just now. Advertisement This time last year they were enjoying another brisk stroll towards yet another Premier League title. And as recently as two months ago we all thought we were in for more of the same this season. But this is sport, and sport doesn’t work like that. It’s now one win in 13 games for City . Unthinkable. Two months ago, Manchester City failing to beat Everton at home would have been unthinkable in itself. Headline news . Advertisement But tellingly, the morning after their draw on Boxing Day it barely merited mention in the sports bulletins. Just another bad day for struggling City. There are those saying Pep is now a diminished figure. But I don’t see it like that. He’s gone right up in my estimation. As a winner, I found him angry, irascible and generally hard to like. A serious dose of defeat has made him much more appealing. Advertisement He’s been humble and intelligent . Rather than railing at the world blaming everyone else, he’s been almost alarmingly candid about the extent to which he blames himself and what he sees as his own shortcomings. After the draw against Everton, he said simply: “Life is not easy. Sport is not easy.” I loved that. He’s right. Sport, like life, can be beautiful and it can be terrible. It’s rarely a fairytale after all. In the heady days of summer we had the Euros and England’s not uneventful march to the final. Advertisement It’s funny, but in my mind it’s all reduced down to a handful of key moments. Jude Bellingham’s overhead kick vs Slovakia; the look on Ollie Watkins’ face after his winner against the Dutch. And then in the final, Spain’s winner which definitely looked offside but definitely wasn’t, and then the goalmouth scramble at the other end right at the death. If it had gone in, all might have been different. But it didn’t. Same old. And before long Gareth was on his way. Enough said. Next time. Advertisement 9 Gareth Southgate's brave England team lost to Spain in the Euro 2024 final Credit: PA 9 Cristiano Ronaldo's histrionics provided compelling viewing in front of a global audience Credit: Getty As for performance of the tournament, I’m going to have to give it to Ronaldo . And here I mean “performance” in the sense that a toddler having a tantrum might be said to be “putting in a performance”. Advertisement No disrespect to the great man — he’s a hardworking genius who deserves every bit of success he’s had. But his man-child performance in Portugal’s round of 16 Euros knockout match against Slovenia will live long in the memory — taking every free kick, missing a penalty, the tears, the inevitable triumph. It was a one-man show for the ages. By the way, on VAR, is it just me or has it got a bit better? We’re certainly talking about it less, but that might be more to do with us getting bored of moaning and the fight draining out of us. Advertisement The jury remains out. Let’s see what 2025 brings. In F1, good things have been happening. It was great to see Lewis win again at Silverstone. 9 Formula 1 has become more notorious for the sport's off-track drama than the races Credit: Getty Things get daft But also refreshing to see so many new young drivers making their way, and so many fans brought to the sport by the Netflix documentary, Drive To Survive . Advertisement When TV captures the drama of sport so brilliantly, it’s a fabulous thing. But it has to be that way round — because if sport starts delivering drama for the purposes of television, it could devalue everything. I’m not saying this is what was behind, say, George Russell’s spat with Max Verstappen, but I did start to wonder. We can’t have these brilliant fly-on-the-wall series turning into sports versions of Keeping Up With The Kardashians. Advertisement In sport we don’t need to confect drama. There’s plenty there already to be getting on with. Pick your 2024 golden moments. I’ll go for Keely Hodgkinson in the 800m and Bryony Page on the trampoline Sport must be king; the requirements of TV must come second. When TV starts calling all the shots, things get daft. Take the Olympics. An absolute triumph, sandwiched between the most absurdly overblown made-for-television opening and closing ceremonies. Advertisement Good job that the sport which came in between was so unrelentingly brilliant. Pick your golden moments. I’ll go for Keely Hodgkinson in the 800m, Bryony Page on the trampoline and the GB women in the quadruple sculls. They trailed the Dutch for 1,950 metres but beat them to gold on the very final stroke . Awesome. In 2024 we saw some legends of their sports bow out. Advertisement It’s always moving to see athletes we first saw as kids come to dominate their worlds before finally, tearfully — for us as well as them — bowing out. Rafa Nadal and Andy Murray left tennis. Jimmy Anderson played his last cricket for England . Mark Cavendish finished cycling in triumph. With their bodies in various states of disrepair, they called it a day. But what shone out from each of this quartet was something which years of elite competition often knocks out of sportsmen and women — their sheer love for their sports. This is rarer than you might think. With some athletes (see Ronaldo above) you get the feeling they’re in it as much for love of themselves as for the love of the game. Advertisement And I’ve met many retired footballers who, while still fans of the game, can’t think of much worse than having to get out there and play again, week in, week out. But with Nadal, Murray, Anderson and Cavendish, you sensed that if their bodies allowed it, they’d carry on for ever. Read more on the Scottish Sun SNOW WAY Weather maps show heavy snow for Scotland in DAYS – with -2C New Year’s chill NO CRIME Orange Order slam cops after Celtic activist was cleared over 'sectarian rants' If only they could. But others will come to fill their shoes. More fairytales will (almost) be written. This next sporting year will, one way or another, put us through the mill all over again. Bring it on. Can’t wait. Advertisement 9 Olympic sensation Keely Hodgkinson became Britain's star of the games, winning gold in the 800 metres Credit: Getty 9 Bryony Page provided another golden moment for Britain in the trampoline Credit: Getty 9 Cycling stalwart Mark Cavendish would have carried on riding forever if his body allowed it Credit: AFP
Who Is Baby John Actress Wamiqa Gabbi? Child Actor From Jab We Met Who Has Become The Latest Internet SensationTrico Bancshares director sells $252,275 in stockIs anybody prepared to stand and fight Donald Trump? On Wednesday, Christopher Wray, the F.B.I. director whom Trump had vowed to fire as soon as he returned to the White House, announced that he would preëmptively quit in January, with nearly three years left in his ten-year term, rather than risk a public battle. Going out the door with him will be the crucial concept of a politically independent directorship, enshrined in law by Congress in the nineteen-seventies to protect against just such a scenario of a President seeking to install a partisan loyalist in the country’s most powerful law-enforcement post. “This is the best way to avoid dragging the Bureau deeper into the fray,” Wray said in a statement, “while reinforcing the values and principles that are so important to how we do our work.” He did not elaborate on how his self-defenestration would preserve the institution’s values and principles from the threats of its incoming director, the Trump loyalist Kash Patel , who said in an interview in September that his first act upon taking over the F.B.I. would be to shut down the agency’s main building “and reopen it the next day as a museum of the deep state.” Wray is hardly the only official to fold in the face of Trump’s early threats. On Capitol Hill this week, after days of attacks by a MAGA media mob, Senator Joni Ernst said that she would support Trump’s controversial nominee for Secretary of Defense, Pete Hegseth , through his confirmation process—a striking change in tone for the Iowa Republican, herself a military veteran and survivor of sexual assault who had previously expressed concerns about a Pentagon nominee who has said women should not serve in combat roles and has been accused of sexual assault, alcohol abuse, and financial mismanagement. For what it’s worth, it’s not yet clear that Ernst will ultimately vote for Hegseth, who has denied wrongdoing, though Senator Tom Cotton, a key Trump ally in the Senate, now predicts that all of Trump’s controversial nominees, including Hegseth, will be confirmed. What is clear is that bullying by Trump, or on his behalf, works. Just ask Mark Zuckerberg. This week, his company, Meta, made its first-ever donation to a Presidential Inauguration fund, chipping in a million dollars to Trump’s January celebration, despite—or, more likely, because of—Trump’s bashing Zuckerberg as “Zuckerschmuck” and attacking Meta’s platforms as biased against him. With Trump still riding a post-election high, some of the people and institutions that seem headed for an inevitable collision with the returning President have so far been remarkably wary of clapping back at him, even when presented with the most provocative of Trump’s insults. Consider the fight that Trump has already picked with Canada, threatening to impose tariffs of up to twenty-five per cent on its imports along with those of Mexico—a potentially crippling blow to both their economies. Earlier this week, Canada’s Prime Minister, Justin Trudeau, said that his country would “respond to unfair tariffs” but he had not yet figured out how—hardly a flaming insult. Nonetheless, Trump reacted to this by threatening to annex Canada as the fifty-first state and taunting the Canadian leader as “governor” in a social-media post. Trudeau, who often drew Trump’s ire in his first term as well, did not respond in kind. Instead, he was hard at work on a plan to mollify Trump’s concerns about the U.S.-Canada border, including adding police dogs and drones to a largely unmilitarized zone, apparently in hope of staving off Trump’s threatened tariffs. Some of Trump’s presumptive targets are not even waiting for his expected threats. At NATO headquarters in Brussels this week, word came that the alliance, which Trump had once threatened to leave entirely if member states did not start contributing more to their defense budgets, was considering a new target for members: spending three per cent of G.D.P. on defense each year, up from the current two-per-cent goal. The move, which would come at a time when the heightened threats to European security from Russia’s invasion of Ukraine require significant new military investment, appears to be an effort to preëmpt Trump’s inevitable demand for three-per-cent spending—an idea his advisers floated over the summer—and which he’ll likely take credit for anyway in the event that it happens. And why wait? Elbridge Colby, a former Trump Pentagon official reportedly in line for a senior post in his next Administration, went ahead and claimed the win even before any formal decision: Trump’s “common sense policy is getting results,” he posted on X, on Thursday. Are these all examples of preëmptive surrender—“ obeying in advance ,” as the Yale historian Timothy Snyder has put it—or is something more strategic going on here? As much as Trump loves being fawned over, the spectre of so many prospective rivals caving in so quickly creates its own sort of dilemma for a leader who craves conflict to sustain his Presidency and his political movement. Trump thrives on such fights, seeks them out, and where they do not exist, he will move swiftly to create them. Conflict is integral to who he is, as a person and as a politician. No doubt, there will come a point when at least some of those he has targeted, whether neighboring states whose economic health is threatened by his protectionist policies or government officials whose integrity and independence are compromised by his extralegal demands, push back. (Republican senators, maybe not so much.) Every lawyer in Washington, it seems, is preparing to fight the new Trump Administration in court if lobbying and favor-seeking don’t work out first. I suspect that much of what we’re seeing in the early response to Trump represents a collective conclusion that resistance to him eight years ago did little good, and often much harm, to those who did the resisting. The classic example of this was Angela Merkel, then the German Chancellor, whose statement congratulating Trump on his victory in 2016 essentially put Trump on notice that she would be watching for him to violate norms of democracy and common decency. Merkel, to no one’s surprise, became perhaps Trump’s least favorite Western leader. In 2024, it is entirely rational to conclude that lecturing Trump will hardly produce favorable results. It’s understandable, too, that many of his detractors are simply exhausted by the continual demands of standing against the man. And yet it’s striking how far many have pivoted to the other extreme. Is there no other course between going to war with Trump and accommodating him? There is also a widespread view that Trump is more bluster than bite. Eight years on, even many of the President-elect’s fiercest foes now recognize that he presents them with a unique blend of incendiary hyperbole and actual menace. They know he did not build the wall on America’s southern border or get Mexico to pay for it. So maybe better to wait and mobilize against the threats that Trump seems specifically willing to follow through on. And yet I can’t help but worry that this post-election transition to Trump’s second term is merely another moment when hope seems to be triumphing over experience—whether it’s backers of Ukraine looking for evidence, however scant, that Trump won’t abandon them to a deal with Russia on Vladimir Putin’s terms, or opponents of “Mass Deportation Now” who think it will simply be too costly and complicated for Trump to execute. Just this week, he said he wanted to pardon the insurrectionists who stormed the U.S. Capitol on his behalf four years ago—and to lock up the members of Congress who investigated the riot. Is it really such a good idea to believe he won’t try it? Don’t forget the reason Trump picks all these fights—because he wants to be a winner. Well, he’s beaten Chris Wray without a fight. Now what? For Trump 2.0, just as in all his previous incarnations, there will always be new enemies to slay. ♦ New Yorker Favorites A man was murdered in cold blood and you’re laughing ? The best albums of 2024. Little treats galore: a holiday gift guide . How Maria Callas lost her voice . An objectively objectionable grammatical pet peeve . What happened when the Hallmark Channel “ leaned into Christmas .” Sign up for our daily newsletter to receive the best stories from The New Yorker .
Biden calls for Assad to be 'held accountable'
Supporters of suspected CEO killer Luigi Mangione establish defense fundSyrian government services come to ‘complete halt’ as workers stay at homePublished 5:18 pm Monday, December 9, 2024 By Data Skrive The Abilene Christian Wildcats versus the Baylor Bears is the only game on the college basketball schedule on Monday that features a ranked team in play. We offer ATS picks for each contest in the piece below. Place your bets on any men’s college basketball matchup at BetMGM. Sign up today using our link. Bet on the Baylor-Abilene Christian spread—or any other NCAA men’s basketball matchup—with BetMGM ! Not all offers available in all states, please visit BetMGM for the latest promotions for your area. Must be 21+ to gamble, please wager responsibly. If you or someone you know has a gambling problem, contact 1-800-GAMBLER .
Adobe Gives Tepid Sales Outlook, Stoking AI Disruption Fears - Bloomberg
By Andrea Shalal and Mike Stone WASHINGTON (Reuters) - The Biden administration announced another package of weapons aid for Ukraine on Thursday, without revealing the amount or contents of the package. White House spokesperson John Kirby said the U.S. would continue to provide additional packages for Ukraine "right up to the end of this administration." Washington said 10 days ago it would send Ukraine $725 million worth of missiles, ammunition, anti-personnel mines and other weapons as President Joe Biden's outgoing administration seeks to bolster Kyiv in its war with Russian invaders before leaving office in January. Thursday's package, which also uses the Presidential Drawdown Authority (PDA) to rush weapons from U.S. stocks to the front lines, was expected to be worth about $500 million and include ammunition for High Mobility Artillery Rocket Systems (HIMARS), according to a person briefed on the matter. The person cautioned that the amount and contents were in flux through Thursday afternoon. After Thursday, about $5.6 billion worth of PDA remains available to Biden without requiring congressional approval. Moscow's troops have been capturing village after village in Ukraine's east, part of a drive to seize the industrial Donbas region, while Russian air strikes target a hobbled Ukrainian energy grid as winter sets in. (This story has been refiled to correct the day to Thursday, not Tuesday, in paragraph 1) (Reporting by Andrea Shalal and Mike Stone; Editing by Sandra Maler)Penticton Vees captain Conyr Hellyer is heading east when his time in the BCHL comes to an end. Hellyer has committed to play next season at Clarkson University, based in Potsdam, N.Y., the Vees announced Tuesday, Dec. 10. The Alberta-born forward has 15 points in 18 games this season, his first as captain of the Vees. “I’m excited for a new chapter with Clarkson,” Hellyer said. “Their staff and facilities are the professional environment that I was looking for and I was immediately impressed with what they had to offer." Hellyer, who was named Penticton's captain ahead of the 2024-2025 campaign, is slated to be the team's lone representative at the 2025 BCHL's three-on-three all-star game next month in Salmon Arm. This season is his fourth in junior hockey, as the forward played for the Okotoks Oilers for two years before coming to Penticton in the fall of 2023. Hellyer and the Vees are back in action on Friday, Dec. 13, when they host the West Kelowna Warriors at the South Okanagan Events Centre.