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When Canada became a country in 1867, our founding constitutional act produced the phrase “peace, order and good government.” Some compare this to the United States constitutional well-known message of “life, liberty and the pursuit of happiness.” But there’s a stark contrast. Canada’s vision exudes collectivism and government involvement, whereas the U.S. vision embodies unbridled capitalism and individual rights. There is an argument that our approach was beneficial, perhaps even necessary, given our vast, harsh and thinly populated country. Without government backing we may not have built a cross-country railway, certainly not as early as achieved in 1885. Nor would we have established a national airline system or developed country-wide telecommunications networks. There was the Alberta government’s support of early efforts to develop the oilsands. And, of course, the support for dairy, certain elements of the agriculture sector, and the auto and auto manufacturing parts sectors are well documented. Even our world-leading companies in the potash and uranium production businesses started out with government support and ownership. I had the privilege of working with the Saskatchewan government to help underwrite the IPOs (initial public offerings) of both those government-owned businesses over 30 years ago. It was also the era of Tommy Douglas and the creation of universal health care in 1947 in Saskatchewan. But that was the past and a different time. Today, Canada is much more developed and has over 40 million residents and modern infrastructure. Yet we continue to operate in a government-dominated, monopolistic, and oligopolistic manner. Think government monopoly on health care and education systems, oligopolies in banking, insurance, railways, telecommunications, airlines, and heavy regulation in dairy supply management and parts of the food and auto sectors. Think of the billions of dollars of recent government subsidies for proposed electric vehicle and battery facilities. The only meaningful sectors where Canadian industry truly competes on a global basis are oil and gas, mining, and perhaps forestry. There is an observable East/West divide to these industries, and I believe this is a partial explanation on why the East and the West have philosophical differences on how Canada should be governed. A business acquaintance of mine for over 30 years who has been close to the inner workings of the federal government recently shared his response when queried about ideas for a potential political campaign slogan: “Make Canada Mediocre Again.” Perhaps it is time that we stepped back and thought again about government regulation, competition, and individual rights, and a new vision for Canada.

Andy Murray enters new chapter with Novak Djokovic as coach of long-time rival

ORLANDO, Fla. — UCF coach Gus Malzahn is resigning after four seasons with the school. ESPN’s Pete Thamel was the first to report the move, which will see Malzahn to leave to take the offensive coordinator job at Florida State. Malzahn previously worked with FSU coach Mike Norvell during their time at Tulsa under then-coach Todd Graham from 2007-08. The Knights ended a disappointing 4-8 season in which they lost eight of their last nine games, the longest losing streak since 2015. Malzahn, 59, was in the fourth year of a contract through 2028. His buyout, it is reported, would have been $13.75 million. He finished 27-25 at UCF but lost 16 of his last 22 games and was a dismal 4-14 in two seasons in the Big 12. After back-to-back nine-win seasons in 2021-22, the Knights went 6-7 in 2023 and 4-8 in 2024. This season started with high expectations as Malzahn made sweeping changes to the program. He retooled the strength and conditioning department and hired Ted Roof and Tim Harris Jr. as defensive and offensive coordinators, respectively. He also added nearly 50 new players to the roster, leaning heavily on the transfer market. UCF started by winning its first three games against New Hampshire, Sam Houston and a thrilling comeback at TCU, but offensive struggles saw the Knights tumble through a TBD-game losing streak to finish the season. Terry Mohajir hired Malzahn on Feb. 15, 2021, six days after he was hired to replace Danny White. The move came eight weeks after Malzahn had been fired at Auburn after eight seasons of coaching the Tigers. The two briefly worked together at Arkansas State in 2012 before Malzahn left for the Auburn job. “When he [Mohajir] offered the job, I was like, ‘I’m in.’ There wasn’t thinking about or talking about ...,” Malzahn said during his introductory press conference. “This will be one of the best programs in college football in a short time. This is a job that I plan on being here and building it.” UCF opened the 2021 season with non-conference wins over Boise State and Bethune-Cookman before traveling to Louisville on Sept. 17, where quarterback Dillon Gabriel suffered a fractured collarbone in the final minute of a 42-35 loss. Backup Mikey Keene would finish out the season as Gabriel announced his intention to transfer. The Knights would finish the season on the plus side by accepting a bid to join the Big 12 Conference in September and then by defeating Florida 29-17 in the Gasparilla Bowl. Malzahn struck transfer portal gold in the offseason when he signed former Ole Miss quarterback John Rhys Plumlee. Plumlee, a two-sport star with the Rebels, helped guide UCF to the American Athletic Conference Championship in its final season. However, Plumlee’s injury forced the Knights to go with Keene and freshman Thomas Castellanos. The team finished with losses to Tulane in the conference championship and Duke in the Military Bowl. Plumlee would return in 2023 as UCF transitioned to the Big 12 but would go down with a knee injury in the final minute of the Knights’ 18-16 win at Boise State on Sept. 9. He would miss the next four games as backup Timmy McClain took over the team. Even on his return, Plumlee couldn’t help UCF, on a five-game losing streak to open conference play. The Knights got their first Big 12 win at Cincinnati on Nov. 4 and upset No. 15 Oklahoma State the following week, but the team still needed a win over Houston in the regular-season finale to secure a bowl bid for the eighth straight season. From the moment Malzahn stepped on campus, he prioritized recruiting, particularly in Central Florida. “We’re going to recruit like our hair’s on fire,” Malzahn said at the time. “We’re going to go after the best players in America and we’re not backing down to anybody.” From 2007 to 2020, UCF signed 10 four-star high school and junior college prospects. Eight four-star prospects were in the three recruiting classes signed under Malzahn. The 2024 recruiting class earned a composite ranking of 39 from 247Sports, the highest-ranked class in school history. The 2025 recruiting class is ranked No. 41 and has commitments from three four-star prospects. Malzahn has always leaned on the transfer market, signing 60 players over the past three seasons. Some have paid huge dividends, such as Javon Baker, Lee Hunter, Kobe Hudson, Tylan Grable, Bula Schmidt, Amari Kight, Marcellus Marshall, Trent Whittemore, Gage King, Ethan Barr, Deshawn Pace and Plumlee. Others haven’t been as successful, such as quarterback KJ Jefferson, who started the first five games of this season before being benched for poor performance. Jefferson’s struggles forced the Knights to play musical chairs at quarterback, with true freshman EJ Colson, redshirt sophomore Jacurri Brown and redshirt freshman Dylan Rizk all seeing action at one point or another this season. This season’s struggles led to several players utilizing the NCAA’s redshirt rule after four games, including starting slot receiver Xavier Townsend and kicker Colton Boomer, who have also entered the transfer portal. Defensive end Kaven Call posted a letter to Malzahn on Twitter in which he accused the UCF coaching staff of recently kicking him off the team when he requested to be redshirted. Get local news delivered to your inbox!Bitcoin topped $98,000 for the first time Thursday, extending a streak of almost daily all-time highs since the U.S. presidential election. The cryptocurrency has rocketed more than 40% in just two weeks. Now, bitcoin is at the doorstep of $100,000 and investors do not appear to be fazed by gravity or any cautionary tales of the cryptocurrencies history of volatility. Cryptocurrencies and related investments like crypto exchange traded funds have rallied because the incoming Trump administration is expected to be more "crypto-friendly" than the outgoing Biden administration. As of 11:02 a.m. ET, bitcoin traded at $96,747 after rising as high as $98,349 according to CoinDesk. Yet cryptocurrency markets remain a wild place and what comes next is impossible to know. And while some are bullish, other experts are warning of investment risks. Here's what you need to know. Cryptocurrency has been around for a while now but have come under the spotlight in recent years. In basic terms, cryptocurrency is digital money. This kind of currency is designed to work through an online network without a central authority — meaning it's typically not backed by any government or banking institution — and transactions get recorded with technology called a blockchain. Bitcoin is the largest and oldest cryptocurrency, although other assets like Ethereum, Tether and Dogecoin have gained popularity over the years. Some investors see cryptocurrency as a "digital alternative" to traditional money — but it can be very volatile, with its price reliant on larger market conditions. Trump's election win boosts crypto A lot of the recent action has to do with the outcome of the U.S. election . President-elect Donald Trump, who was once critical of digital currencies, pledged during his campaign against Vice President Kamala Harris to make the U.S. the "crypto capital of the planet" and to create a bitcoin "strategic reserve." His campaign accepted donations in cryptocurrency and he courted fans at a bitcoin conference in July. He also launched World Liberty Financial, a new venture with family members to trade cryptocurrencies. Crypto industry players welcomed Trump's victory, in hopes that he would be able to push through legislative and regulatory changes that they've long lobbied for. Trump also had promised that, if elected, he would remove the chair of the Securities and Exchange Commission, Gary Gensler, who has been leading the U.S. government's crackdown on the crypto industry and repeatedly called for more oversight. Spot bitcoin ETFs Digital assets like bitcoin had posted notable gains in the months ahead of the election, mostly due to the early success of a new way to invest in the asset: spot bitcoin ETFs, which were approved by U.S. regulators in January. A spot bitcoin ETF allows investors to gain direct exposure to bitcoin without holding it. Unlike regular bitcoin ETFs, in which bitcoin futures contracts are the underlying asset, bitcoins are the underlying asset of a spot bitcoin ETF. Each spot bitcoin ETF is managed by a firm that issues shares of its own bitcoin holdings purchased through other holders or through an authorized cryptocurrency exchange . The shares are listed on a traditional stock exchange. Inflows into spot ETFs, "have been the dominant driver of Bitcoin returns from some time, and we expect this relationship to continue in the near-term," Citi analysts David Glass and Alex Saunders wrote in a research note two weeks ago. They added that spot crypto ETFs saw some of their largest inflows on record in the days following the election. Bitcoin volatility History shows you can lose money in crypto as quickly as you've made it. Long-term price behavior relies on larger market conditions. Trading continues at all hours, every day. At the start of the COVID-19 pandemic, bitcoin stood at just over $5,000. Its price climbed to nearly $69,000 by November 2021, in a time marked by high demand for technology assets. Bitcoin later crashed during an aggressive series of Federal Reserve rate hikes aimed at curbing inflation. The collapse of FTX in late 2022 significantly undermined confidence in crypto overall and bitcoin fell below $17,000. Investors began returning in large numbers as inflation started to cool — and gains skyrocketed on the anticipation and then early success of spot ETFs. Experts still stress caution, especially for small-pocketed investors. How bitcoin mining works Assets like bitcoin are produced through a process called "mining," which consumes a lot of energy. And operations relying on pollutive sources have drawn particular concern over the years. Recent research published by the United Nations University and Earth's Future journal found that the carbon footprint of 2020-2021 bitcoin mining across 76 nations was equivalent to the emissions from burning 84 billion pounds of coal or running 190 natural gas-fired power plants. Coal satisfied the bulk of bitcoin's electricity demands (45%), followed by natural gas (21%) and hydropower (16%). Cryptocurrency is making lots of noise, literally Environmental impacts of bitcoin mining boil largely down to the energy source used. Industry analysts have maintained that clean energy has increased in use in recent years, coinciding with rising calls for climate protections. Technology Elections Cryptocurrency Donald Trump Politics Bitcoin

UCF coach Gus Malzahn reportedly resigning to take Florida State OC jobThe leader of Sinn Fein has expressed determination to form a government of the left in Ireland as she insisted her party’s performance in the General Election had broken the state’s political mould. Despite Mary Lou McDonald’s confidence around shaping a coalition without Fine Gael and Fianna Fail – the two parties that have dominated the landscape of Irish politics for a century – the pathway to government for Sinn Fein still appears challenging. With counting following Friday’s election still in the relatively early stages – after an exit poll that showed the main three parties effectively neck-and-neck – there is some way to go before the final picture emerges and the options for government formation crystalise. Taoiseach and Fine Gael leader, Simon Harris, has dismissed talk of a Sinn Fein surge and said he was “cautiously optimistic” about where his party will stand after all the votes are counted. Meanwhile, Ireland’s deputy premier and Fianna Fail leader, Micheal Martin, insisted his party has a “very clear route back to government” as he predicted seat gains. The counting process could last days because of Ireland’s complex system of proportional representation with a single transferable vote (PR-STV), where candidates are ranked by preference. The early indications have turned the focus to the tricky arithmetic of government formation, as the country’s several smaller parties and many independents potentially jockey for a place in government. Ms McDonald told reporters at the RDS count centre in Dublin that she would be “very, very actively pursuing” the potential to form a government with other parties on the left of the political spectrum. The smaller, left-leaning parties in Ireland include the Social Democrats, the Irish Labour Party, the Green Party and People Before Profit-Solidarity. Ms McDonald said her party had delivered an “incredible performance” in the election. “I think it’s fair to say that we have now confirmed that we have broken the political mould here in this state,” she said. “Two party politics is now gone. It’s consigned to the dustbin of history and that, in itself, is very significant.” She added: “I am looking to bring about a government of change, and I’m going to go and look at all formulations. “If you want my bottom line, the idea of Fianna Fail and Fine Gael for another five years, in our strong opinion, is not a good outcome for Irish society. “Obviously, I want to talk to other parties of the left and those that we share very significant policy objectives with. So I’m going to do that first and just hear their mind, hear their thinking. But be very clear, we will be very, very actively pursuing entrance into government.” In Friday night’s exit poll, Sinn Fein was predicted to take 21.1% of first-preference votes, narrowly ahead of outgoing coalition partners Fine Gael and Fianna Fail at 21% and 19.5% respectively. Prior to the election, Fianna Fail and Fine Gael both ruled out entering government with Sinn Fein. Fine Gael leader Mr Harris rejected suggestions Sinn Fein had broken new ground. He told reporters in his count centre in Greystones, Co Wicklow: “Certainly we haven’t seen a Sinn Fein surge or anything like it. “I mean, it looks likely, on the figures that we’ve seen now, fewer people, many fewer people would have voted Sinn Fein in this election than the last one. “In fact, I think they’re down by around 5% and actually the parties, particularly the two parties, the two larger parties in government, are likely to receive significant support from the electorate. So definitely, politics in Ireland has gotten much more fragmented.” He said it was too early to tell what the next government would look like. “I think anybody who makes any suggestion about who is going to be the largest party or the construct of the next government, they’re a braver person than I am,” he said. “Our electoral system dictates that there’ll be many, many transfers that will go on for hours, if not days, before we know the final computations at all. “But what I am very confident about is that my party will have a very significant role to play in the years ahead, and I’m cautiously optimistic and excited.” Fianna Fail’s Mr Martin told reporters at a count centre in Cork he was confident that the numbers exist to form a government with parties that shared his political viewpoint. Mr Martin said it “remains to be seen” whether he would return to the role of Taoiseach – a position he held between 2020 and 2022 – but he expressed confidence his party would outperform the exit poll prediction. “It’s a bit too early yet to call the exact type of government that will be formed or the composition of the next government,” he said. “But I think there are, there will be a sufficiency of seats, it seems to me, that aligns with the core principles that I articulated at the outset of this campaign and throughout the campaign, around the pro-enterprise economy, around a positively pro-European position, a government that will strongly push for home ownership and around parties that are transparently democratic in how they conduct their affairs.” Asked if it would be in a coalition with Fianna Fail, Fine Gael and the Social Democrats, he said that would be “racing a bit too far ahead”. The final result may dictate that if Fianna Fail and Fine Gael are to return to government, they may need more than one junior partner, or potentially the buy-in of several independent TDs. Mr Martin said it was unclear how quickly a government can be formed, as he predicted his party would gain new seats. “It will be challenging. This is not easy,” he added. The junior partner in the outgoing government – the Green Party – looks set for a bruising set of results. Green leader Roderic O’Gorman is in a fight to hold onto his seat, as are a number of party colleagues, including Media Minister Catherine Martin. “It’s clear the Green Party has not had a good day,” he said. The early counting also suggested potential trouble for Fianna Fail in Wicklow, where the party’s only candidate in the constituency, Health Minister Stephen Donnelly, is considered to have a battle ahead, with the risk of losing his seat. Meanwhile, there is significant focus on independent candidate Gerard Hutch who, on Saturday evening, was sitting in fourth place in the four-seat constituency of Dublin Central. Last spring, Mr Hutch was found not guilty by the non-jury Special Criminal Court of the murder of David Byrne, in one of the first deadly attacks of the Hutch-Kinahan gangland feud. Mr Byrne, 33, died after being shot six times at a crowded boxing weigh-in event at the Regency Hotel in February 2016. A Special Criminal Court judge described Mr Hutch, 61, as the patriarchal figurehead of the Hutch criminal organisation and said he had engaged in “serious criminal conduct”. The constituency will be closely watched as other hopefuls wait to see if transfers from eliminated candidates may eventually rule him out of contention. In the constituency of Louth, the much-criticised selection of John McGahon appeared not to have paid off for Fine Gael. The party’s campaign was beset by questioning over footage entering the public domain of the candidate engaged in a fight outside a pub in 2018. The Social Democrats have a strong chance of emerging as the largest of the smaller parties. The party’s leader, Holly Cairns, was already celebrating before a single vote was counted however, having announced the birth of her baby girl on polling day.

‘We didn’t have a good day’: Greens set to suffer significant election lossesKim Kardashian Has Apparently Reinstated Saint West's YouTube Page After Anti-Kamala Harris Content Got It Taken Down

Global Unrest: From Apologies to Protests and AirstrikesFBI shakeup could be on the horizon

Pete Hegseth’s lawyer and Sen. Tom Cotton slammed West Point on Wednesday for falsely claiming the defense secretary-designate was never accepted into the nation’s top military academy — in potential violation of federal privacy laws, according to letters exclusively obtained by The Post. Attorney Tim Parlatore and Cotton (R-Ark.) fired off a pair of letters to the US Military Academy’s superintendent, expressing concern that a public affairs officer shared “false information” with a journalist that could have blocked President-elect Donald Trump’s defense pick from confirmation. “Not only did Mr. Hegseth apply, but he was accepted as a prospective member of the class of 2003,” Parlatore said in a letter to West Point Superintendent Lt. Gen. Steven Gilland, disclosing a copy later tweeted by his client of the offer of admission in 1999. “The use of false statements to influence or damage a political nominee’s reputation is particularly concerning, as it may interfere with the democratic process and the fair consideration of candidate for public office,” he added. Cotton claimed that West Point’s civilian press rep, Theresa Brinkerhoff, also showed “egregiously bad judgment to share such information about the nominee to be Secretary of Defense with a known liberal outlet like ProPublica,” claiming that the reporter at the outlet was preparing “a derogatory hit piece.” “Perhaps there’s an honest mistake here, though I can’t imagine what it might be,” the Arkansas Republican said. “But I also can’t imagine this action was authorized or known to the West Point leadership.” A West Point spokesperson later told The Post, “A review of our records indicates Peter Hegseth was offered admission to West Point in 1999 but did not attend. An incorrect statement involving Hegseth’s admission to the U.S. Military Academy was released by an employee on Dec. 10, 2024.” “Upon further review of an archived database, employees realized this statement was in error,” the rep said. “Hegseth was offered acceptance to West Point as a prospective member of the Class of 2003. The academy takes this situation seriously and apologizes for this administrative error.” Investigative nonprofit ProPublica, which bills itself as a “nonpartisan, careful and independent,” was reporting a piece on Hegseth’s links to West Point when it got the erroneous statement from the prestigious academy. The story never ran after the publication eventually received a copy of Hegseth’s admission letter. “So: No, we are not publishing a story,” ProPublica editor Jesse Eisinger posted in a lengthy thread on X Wednesday. “This is how journalism is supposed to work. Hear something. Check something. Repeat steps 1 and 2 as many times as needed. The end.” Both Parlatore and Cotton called for a thorough investigation into the matter and noted that West Point’s actions may have violated the Privacy Act of 1974, which prohibits federal agencies from disclosing personnel records without the individual’s express consent. The only exceptions to the statute involve records that are demanded by law enforcement or asked for via a Freedom of Information Act (FOIA) request — neither of which applied here, according to Parlatore. Technically, all West Point records are under the purview of the Department of the Army in the Pentagon, which Hegseth, an Army combat vet, will oversee if a majority of the Senate confirms him in the 119th Congress. In addition to “reputational harm,” Parlatore added, the potentially criminal fabrication could also “undermine public trust” in the US military. “In light of these concerns, I urge you to investigate this matter thoroughly and take appropriate corrective action to prevent future violations. As a fellow Service Academy graduate, I am sure that we both agree that it is imperative that our Service Academies uphold the highest standards of privacy, accuracy, and integrity in their communications.” Making false statements as an executive branch employee with the intent to mislead is punishable by up to five years in prison and a fine. The attorney’s missive to the US Military Academy shows that Hegseth was accepted for admission to the US Military Academy in January 1999 — but he chose to enroll at Princeton University instead later that year. The future defense nominee served in the Ivy League school’s ROTC program and graduated in 2003, going on to serve in the Minnesota National Guard and Army National Guard for nearly two decades and rising ultimately to the rank of major. He served three deployments — including as a platoon leader during the Iraq war and teacher of counterinsurgency tactics in Afghanistan — and was awarded two Bronze Star Medals. Hegseth, 44, has waded other accusations from anonymous former colleagues about being ousted from veterans groups he helmed between 2007 and 2016 for binge drinking and sexual impropriety — though those who worked alongside him have dismissed the allegations in their entirety as untrue . Parlatore disputed other allegations of sexual assault in 2017 by pointing to police reports contradicting the accuser — who he believes made other false claims of misconduct against another person. Hegseth’s confirmation appeared on the rocks for weeks as Republican senators expressed reservations about the “concerning” allegations against the defense appointee — but Trump, 78, refused to back down . “Pete Hegseth is doing very well. His support is strong and deep, much more so than the Fake News would have you believe,” the once and future president wrote on Truth Social last week, rejecting reports he was reconsidering his pick. “He was a great student – Princeton/Harvard educated – with a Military state of mind. He will be a fantastic, high-energy, Secretary of Defense” he added, predicting the former Fox News personality will be “one who leads with charisma and skill. “Pete is a WINNER, and there is nothing that can be done to change that!!!” he crowed. Sen. Joni Ernst, who is a rape survivor, was the only Republican to indicate she was not ready to vote “yes” on Hegseth’s confirmation but has since warmed up to the Pentagon nom after private discussions. “Following our encouraging conversations, Pete committed to completing a full audit of the Pentagon and selecting a senior official who will uphold the roles and value of our servicemen and women — based on quality and standards, not quotas — and who will prioritize and strengthen my work to prevent sexual assault within the ranks,” Ernst (R-Iowa) said. It would only take four GOP senators voting “no” to torpedo a Trump nominee.South Korean markets have had a dismal 2024, with the so called "Korea discount" in its stock markets widening compared to other global peers. Analysts that spoke to CNBC say that the efforts to oust Yoon might distract from and delay efforts for capital market reform, entrenching the "Korea discount" further. South Korean markets have had a dismal 2024, with the so-called "Korea discount" in its stock markets widening compared to other global peers. The recent political upheaval is expected to entrench this phenomenon. > 24/7 San Diego news stream: Watch NBC 7 free wherever you are The country's benchmark stock index, Kospi, has lost over 7% this year and the underperformance of the South Korean market signals its "Corporate Value-Up" program, announced in February this year , has failed to address the " Korea discount. " The "Korea discount" refers to South Korean securities trading at lower valuations relative to regional peers due to investors' concerns over issues such as corporate governance at large family-owned conglomerates that have an outsized influence over the country's economy. The political turmoil in the country has further worsened investors' sentiment, with the Kospi underperforming the MSCI Asia ex-Japan index by 2.3 percentage points since Dec. 3 when President Yoon Seok Yeol imposed and then revoked martial law within hours. The attempt at martial law has sent the risk premium for Korean assets higher, thereby dealing a setback to the "Value-Up Program," Vishnu Varathan, managing director and head of macro research for Asia ex-Japan at Mizuho Securities said in a Dec. 10 note. South Korea under Yoon had strived to boost the country's stock markets and combat the "Korea discount" via a Japan-style program that sought to improve corporate governance and increase investor engagement, among other things. Money Report European Central Bank set to deliver final rate cut of the year: Live updates European markets set for mixed open ahead of expected ECB rate cut According to data from the Korea Exchange , the Kospi has a price-to-book ratio of 0.86, while its price-to-earnings ratio stands at 13.65 as of Dec. 12. Both the metrics, which indicate how much the investors value the index, have declined from a year earlier . For comparison, Japan's Nikkei 225 stock benchmark has a price-to-book ratio of 1.44 while its price-to-earnings ratio stands at 15.90 as of Dec. 11. While Japan stocks surged as it implemented measures to lift its markets , South Korea has been struggling. For instance the "Korea-Value Up Index," launched in September, which consists of 100 listed "best practice" companies that comply with the "Value-Up" program, has price-to-book ratio of 0.99 and a price-to-earnings ratio of just 10.29. "The distractions of ousting Yoon amid fragile government and fragmented politics is likely to dilute and delay policy efforts to boost equity valuations," Varathan said, adding that power balance in South Korea could shift in favor of large and influential conglomerates, which could entrench the "Korea discount" even more. South Korea has several large family-owned global conglomerates, known as "chaebols," usually controlled by the founder's family. These may consist of a group of companies or several groups of companies. Notable chaebols include market heavyweights such as Samsung Electronics, LG, SK and Hyundai. While they are a huge contributor to the country's GDP, the complex shareholding structure of chaebols mean that investors hold little sway over the company's strategic direction. The four conglomerates mentioned above make up about 40% of South Korea's GDP, according to South Korean media. Market reforms could receive a setback due to the political turmoil, said Lorraine Tan, director of equity research for Asia at Morningstar, while adding that the reforms will not be "derailed." "I think the longer the leadership change takes, the more likely investors will be sidelined. President Yoon is unpopular and a peaceful transition away from his leadership would help," she pointed out. The embattled Yoon has survived an impeachment vote over the weekend after members of his ruling People's Power Party walked out of the country's parliament, but opposition parties have vowed to continue efforts to impeach him. Jeff Ng, Head of Asia Macro Strategy at Sumitomo Mitsui Banking Corporation said that the "Korea discount" is still likely to persist into 2025 due to weak economic conditions, slower exports, and a weak Korean won. "Investor confidence may return in the medium-term, but a swift resolution of the domestic uncertainty looks unlikely at this stage." Also on CNBC India's ReNew Energy offered to be taken private in $2.82 billion deal BNP Paribas: Indian market showing "high level of resilience" India's economy might not grow by 7-8%, but there still are attractive sectorstold the on Saturday that he supports H-1B immigration visas amid a heated clash between his supporters and Elon Musk, who defended the use of the visa program. President-elect Donald Trump weighed in on the debate raging among his supporters over the use of H-1B immigration visas for highly skilled workers. "I've always liked the visas, I have always been in favor of the visas. That’s why we have them," he told . "I have many H-1B visas on my properties. I’ve been a believer in H-1B. I have used it many times. It’s a great program." That's after some who want to limit immigration have blasted the H-1B program, saying it doesn't reflect "America first" policies. over the past week and expressed his support for H-1Bs, after railing against illegal immigration while stumping for Trump on the campaign trail. In fact, he was once on an a H-1B visa himself and said the tech sector needs foreign workers. “There is a permanent shortage of excellent engineering talent,” he said in a on Wednesday. “It is the fundamental limiting factor in Silicon Valley.” But by Friday, Musk had turned more combative. In a reply to a post taunting him about H-1Bs, the CEO of and hit back sharply. "The reason I’m in America along with so many critical people who built SpaceX, Tesla and hundreds of other companies that made America strong is because of H1B," . "Take a big step back and F--K YOURSELF in the face. I will go to war on this issue the likes of which you cannot possibly comprehend." For his part, candidate Trump in 2016 called the H-1B visa program "very bad" and "unfair" for U.S. workers, even as his businesses have hired foreign workers, including . Trump Media and Technology, the parent company of his Truth Social app, also has used the H-1B program to employ workers. During his first term as president, Trump signed a "Buy American and Hire American" executive order in 2017 to look into changes to the H-1B program that would ensure the visas didn't harm American workers. And while he made cracking down on immigration a centerpiece of his 2024 campaign, he also in June that he wants to give foreign students who graduate from U.S. colleges a path to work here legally. "I think you should get automatically, as part of your diploma, a green card to be able to stay in this country," he said. This story was originally featured onCOLUMBUS, Ohio (AP) — A fight broke out at midfield after Michigan stunned No. 2 Ohio State 13-10 on Saturday as Wolverines players attempted to plant their flag and were met by Buckeyes who confronted them. Police had to use pepper spray to break up the players, who threw punches and shoves in the melee that overshadowed the rivalry game. Ohio State police said in a statement “multiple officers representing Ohio and Michigan deployed pepper spray.” Ohio State police will investigate the fight, according to the statement. After the Ohio State players confronted their bitter rivals at midfield, defensive end Jack Sawyer grabbed the top of the Wolverines' flag and ripped it off the pole as the brawl moved toward the Michigan bench. Eventually, police officers rushed into the ugly scene. Ohio State coach Ryan Day said he understood the actions of his players. “There are some prideful guys on our team who weren't going to sit back and let that happen,” Day said. The two Ohio State players made available after the game brushed off questions about it. Michigan running back Kalel Mullings, who rushed for 116 yards and a touchdown, didn't like how the Buckeyes players involved themselves in the Wolverines' postgame celebration. He called it “classless.” “For such a great game, you hate to see stuff like that after the game," he said in an on-field interview with Fox Sports. “It’s just bad for the sport, bad for college football. But at the end of the day, you know some people got to — they got to learn how to lose, man. ... We had 60 minutes, we had four quarters, to do all that fighting.” Michigan coach Sherrone Moore said everybody needs to do better. “So much emotions on both sides," he said. "Rivalry games get heated, especially this one. It’s the biggest one in the country, so we got to handle that better.” Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football

FAIRFAX, Va. (AP) — Jalen Haynes scored 18 points as George Mason beat Mount St. Mary's 64-56 on Saturday. Haynes also added 16 rebounds for the Patriots (9-4). Darius Maddox shot 5 of 11 from the field, including 1 for 5 from 3-point range, and went 2 for 3 from the line to add 13 points. Brayden O'Connor shot 2 for 5 (2 for 3 from 3-point range) and 3 of 4 from the free-throw line to finish with nine points. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Get updates and player profiles ahead of Friday's high school games, plus a recap Saturday with stories, photos, video Frequency: Seasonal Twice a weekCommentary: Where does Allianz withdrawal leave Income Insurance?