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gs-777 CHATHAM, N.J. (AP) — That buzzing coming out of New Jersey? It's unclear if it's drones or something else, but for sure the nighttime sightings are producing tons of talk, a raft of conspiracy theories and craned necks looking skyward. Cropping up on local news and social media sites around Thanksgiving, the saga of the drones reported over New Jersey has reached incredible heights. This week seems to have begun a new, higher-profile chapter: Lawmakers are demanding (but so far not getting) explanations from federal and state authorities about what's behind them. Gov. Phil Murphy wrote to President Joe Biden asking for answers. New Jersey's new senator, Andy Kim, spent Thursday night on a drone hunt in rural northern New Jersey, and posted about it on X. But perhaps the most fantastic development is the dizzying proliferation of conspiracies — none of which has been confirmed or suggested by federal and state officials who say they're looking into what's happening. It has become shorthand to refer to the flying machines as drones, but there are questions about whether what people are seeing are unmanned aircraft or something else. Some theorize the drones came from an Iranian mothership. Others think they are the Secret Service making sure President-elect Donald Trump’s Bedminster property is secure. Others worry about China. The deep state. And on. In the face of uncertainty, people have done what they do in 2024: Create a social media group. The Facebook page, New Jersey Mystery Drones — let’s solve it , has nearly 44,000 members, up from 39,000 late Thursday. People are posting their photo and video sightings, and the online commenters take it from there. One video shows a whitish light flying in a darkened sky, and one commenter concludes it’s otherworldly. “Straight up orbs,” the person says. Others weigh in to say it’s a plane or maybe a satellite. Another group called for hunting the drones literally, shooting them down like turkeys. (Do not shoot at anything in the sky, experts warn.) Trisha Bushey, 48, of Lebanon Township, New Jersey, lives near Round Valley Reservoir where there have been numerous sightings. She said she first posted photos online last month wondering what the objects were and became convinced they were drones when she saw how they moved and when her son showed her on a flight tracking site that no planes were around. Now she's glued to the Mystery Drones page, she said. “I find myself — instead of Christmas shopping or cleaning my house — checking it,” she said. She doesn't buy what the governor said, that the drones aren't a risk to public safety. Murphy told Biden on Friday that residents need answers. The federal Homeland Security Department and FBI also said in a joint statement they have no evidence that the sightings pose “a national security or public safety threat or have a foreign nexus.” “How can you say it’s not posing a threat if you don’t know what it is?” she said. “I think that’s why so many people are uneasy.” Then there's the notion that people could misunderstand what they're seeing. William Austin is the president of Warren County Community College, which has a drone technology degree program, and is coincidentally located in one of the sighting hotspots. Austin says he has looked at videos of purported drones and that airplanes are being misidentified as drones. He cited an optical effect called parallax, which is the apparent shift of an object when viewed from different perspectives. Austin encouraged people to download flight and drone tracker apps so they can better understand what they're looking at. Nonetheless, people continue to come up with their own theories. “It represents the United States of America in 2024,” Austin said. “We’ve lost trust in our institutions, and we need it.” Federal officials echo Austin's view that many of the sightings are piloted aircraft such as planes and helicopters being mistaken for drones, according to lawmakers and Murphy. That's not really convincing for many, though, who are homing in on the sightings beyond just New Jersey and the East Coast, where others have reported seeing the objects. For Seph Divine, 34, another member of the drone hunting group who lives in Eugene, Oregon, it feels as if it’s up to citizen sleuths to solve the mystery. He said he tries to be a voice of reason, encouraging people to fact check their information, while also asking probing questions. “My main goal is I don’t want people to be caught up in the hysteria and I also want people to not just ignore it at the same time,” he said. “Whether or not it’s foreign military or some secret access program or something otherworldly, whatever it is, all I’m saying is it’s alarming that this is happening so suddenly and so consistently for hours at a time,” he added. Associated Press reporter Hallie Golden in Seattle contributed to this report.(The Center Square) – After more than 82% of Evanston voters approved a 2022 referendum adopting ranked choice voting, Reform for Illinois will appeal a recent court decision they say limits the power of Illinois municipalities to reform their local elections. RFI Chairman David Melton said there were two parts to Cook County Judge Maureen Ward Kirby’s Nov. 12 ruling. One part of the ruling was where the judge said the referendum was ambiguously worded. “The second part of the ruling was that the Cook County clerk had no power to do anything to actually implement ranked choice voting because she found that the state board of elections has the power to certify voting equipment for use, and the Cook County Clerk could not submit the equipment, only the vendor of the equipment could submit it to the board for certification,” said Melton. Melton said these were “make-weight arguments” because the judge could have simply directed the Cook County Clerk to work with the Illinois State Board of Elections and the equipment supplier, which is Dominion. The Illinois State Board of Elections confirmed county clerks need a voting system that has been certified for use in ranked-choice voting. “We know, and we've put before the court, the fact that the Dominion voting machines in question that are used in Cook County, Dominion markets and sells a software module that can be added to the current machines to allow it to use ranked choice voting process,” said Melton. Melton said he believes the opposition to implementing ranked-choice voting is mainly coming from the Cook County Democratic Party. “The [Democratic] party feels that ranked-choice voting would undercut its power in connection with slating candidates, getting fees for slating candidates and dealing with the politics of primaries,” said Melton. “The Cook County Clerk in this case was represented by Michael Kasper, a well-known election law attorney who's, for a long time, represented Michael Madigan and has been active in representing the Democratic Party in Cook County.” The Cook County Democratic Party did not respond immediately to a request for comment. Separately, Kasper was hired in December 2022 by the town of Normal to prevent candidates’ running for Town Supervisor from appearing on the ballot, despite those candidates receiving petition signatures. Eleventh Judicial Circuit Court Judge Mark Fellheimer dismissed legal action filed against Normal, saying his interpretation of state and municipal law does not indicate they were legally obligated to approve candidate petitions for offices that were either appointed or nonexistent at the time of filing. After the ruling, House Bill 3337 was born and passed in the Illinois House in 2023, that bill amended Illinois Municipal that originally conflicted with Normal’s code. Melton explained ranked choice voting is a process that allows voters to rank candidates for a particular office in order of preference. "The benefits are that it eliminates primaries but it also has a significant benefit in helping weed out the most extreme candidates and encouraging candidates to take a less partisan view of issues,” said Melton. Melton suspects the appeal will be briefed in the spring and could perhaps be orally argued before the summer of 2025. So, even if the judge rules in RFI’s favor, ranked choice voting will likely not be implemented before the 2025 Consolidated Elections.

Bharat Forge raises ₹1,650 crore via QIP — Here is how it plans to use the funds

NEW YORK (AP) — Donald Trump was on the verge of backing a 16-week federal abortion ban earlier this year when aides staged an intervention. According to Time magazine's cover story on his selection as its 2024 Person of the Year, Trump's aides first raised concerns in mid-March that the abortion cutoff being pushed by some allies would be stricter than existing law in numerous states. It was seen as a potential political liability amid ongoing fallout over the overturning of Roe v. Wade by a conservative majority on the Supreme Court that includes three justices nominated by Trump in his first term. Trump political director James Blair went to work assembling a slide deck — eventually titled “How a national abortion ban will cost Trump the election" — that argued a 16-week ban would hurt the Republican candidate in the battleground states of Pennsylvania, Michigan and Wisconsin, the magazine reported. “After flipping through Blair’s presentation" on a flight to a rally in Grand Rapids, Michigan, in April, Trump dropped the idea, according to the report. "So we leave it to the states, right?" Trump was quoted as saying. He soon released a video articulating that position. At the time, Trump’s campaign denied that he was considering supporting the 16-week ban, calling it “fake news” and saying Trump planned to “negotiate a deal” on abortion if elected to the White House. Here are other highlights from the story and the president-elect's 65-minute interview with the magazine: Jan. 6 pardons could start in the ‘first nine minutes’ Trump reaffirmed his plans to pardon most of those convicted for their actions during the Jan. 6, 2021, riot at the U.S. Capitol. “It’s going to start in the first hour,” he said of the pardons. “Maybe the first nine minutes.” Trump said he would look at individuals on a “case-by-case" basis, but that “a vast majority of them should not be in jail.” More than 1,500 people have been charged with federal crimes stemming from the riot that left more than 100 police officers injured and sent lawmakers running into hiding as they met to certify Democrat Joe Biden’s 2020 victory . More than 1,000 defendants have pleaded guilty or been convicted at trial of charges, including misdemeanor trespassing offenses, assaulting police officers and seditious conspiracy. Trump is open to holding detained migrants in camps Trump insisted he has the authority to use the military to assist with his promised mass deportations , even though, as his interviewers noted, the Posse Comitatus Act prohibits the use of the military in domestic law enforcement. “It doesn’t stop the military if it’s an invasion of our country, and I consider it an invasion of our country," he said. “I’ll only do what the law allows, but I will go up to the maximum level of what the law allows. And I think in many cases, the sheriffs and law enforcement is going to need help." Trump did not deny that camps would be needed to hold detained migrants as they are processed for deportation. “Whatever it takes to get them out. I don’t care," he said. “I hope we’re not going to need too many because I want to get them out and I don’t want them sitting in camp for the next 20 years.” Trump told Time he does not plan to restore the policy of separating children from their families to deter border crossings, but he did not rule it out. The practice led to thousands of children being separated from their parents and was condemned around the globe as inhumane. “I don’t believe we’ll have to because we will send the whole family back,” he said. “I would much rather deport them together, yes, than separate.” Musk prioritizes the country over his business interests, Trump insists Trump dismissed the idea that Elon Musk will face conflicts of interest as he takes the helm of the Department of Government Efficiency , an advisory group that Trump has selected him to lead. The panel is supposed to find waste and cut regulations, including many that could affect Musk's wide-ranging interests , which include electric cars, rockets and telecommunications. “I don’t think so," Trump said. “I think that Elon puts the country long before his company. ... He considers this to be his most important project." Trump acknowledges the difficulty of lowering grocery prices Trump lowered expectations about his ability to drive down grocery prices. “I’d like to bring them down. It’s hard to bring things down once they’re up. You know, it’s very hard. But I think that they will,” he said. Trump plans ‘virtual closure’ of the Education Department Trump said he is planning “a virtual closure" of the "Department of Education in Washington.” “You’re going to need some people just to make sure they’re teaching English in the schools," he said. “But we want to move education back to the states.” Yet Trump has proposed exerting enormous influence over schools. He has threatened to cut funding for schools with vaccine mandates while forcing them to “teach students to love their country" and promote “the nuclear family,” including “the roles of mothers and fathers” and the “things that make men and women different and unique.” Trump offers conflicting answers on future of abortion pills Asked to clarify whether he was committed to preventing the Food and Drug Administration from stripping access to abortion pills , Trump replied, “It’s always been my commitment.” But Trump has offered numerous conflicting stances on the issue, including to Time. Earlier in the interview, he was asked whether he would promise that his FDA would not do anything to limit access to medication abortion or abortion pills. "We’re going to take a look at all of that,” he said, before calling the prospect “very unlikely.” “Look, I’ve stated it very clearly and I just stated it again very clearly. I think it would be highly unlikely. I can’t imagine, but with, you know, we’re looking at everything, but highly unlikely. I guess I could say probably as close to ruling it out as possible, but I don’t want to. I don’t want to do anything now.” Trump says US support for Ukraine will be leverage for a deal with Russia Pressed on whether he would abandon Ukraine in its efforts to stave off Russia's invasion , Trump said he would use U.S. support for Kyiv as leverage against Moscow in negotiating an end to the war. “I want to reach an agreement,” he said, “and the only way you’re going to reach an agreement is not to abandon.” Does he trust Netanyahu? ‘I don’t trust anybody' Trump would not commit to supporting a two-state solution, with a Palestinian state alongside Israel, as he had previously. “I support whatever solution we can do to get peace," he said. "There are other ideas other than two state, but I support whatever, whatever is necessary to get not just peace, a lasting peace. It can’t go on where every five years you end up in tragedy. There are other alternatives.” Asked whether he trusted Israeli Prime Minister Benjamin Netanyahu , he told Time: “I don’t trust anybody.” War with Iran? ‘Anything can happen,’ he says Trump would not rule out the possibility of war with Iran during his second term. “Anything can happen. It’s a very volatile situation," he said. Trump mum on conversations with Putin Asked if he has spoken to Russian President Vladimir Putin since the Nov. 5 election, Trump continued to play coy: "I can’t tell you. It’s just inappropriate.” Trump insists he had the votes to confirm Gaetz as attorney general Trump insisted that his bid to install Matt Gaetz as attorney general ”wasn’t blocked. I had the votes (in the Senate) if I needed them, but I had to work very hard.” When the scope of resistance to the former Republican congressman from Florida became clear, Trump said, “I talked to him, and I said, ‘You know, Matt, I don’t think this is worth the fight.'" Gaetz pulled out amid scrutiny over sex trafficking allegations, and Trump tapped former Florida Attorney General Pam Bondi for the Cabinet post. Trump is open to changes for childhood vaccines Trump, who has named anti-vaccine activist Robert F. Kennedy Jr. to lead the Department of Health and Human Services, did not rule out the possibility of eliminating some childhood vaccinations even though they have been proved safe in extensive studies and real world use in hundreds of millions of people over decades and are considered among the most effective public health measures in modern history. Pressed on whether “getting rid of some vaccinations” — neither Trump nor the interviewers specified which ones — might be part of the plan to improve the health of the country, Trump responded: “It could if I think it’s dangerous, if I think they are not beneficial, but I don’t think it’s going to be very controversial in the end.” Trump weighs in on family political dynasty “I think there could be, yeah," Trump said of the prospect of others in his family continuing in his footsteps. He pointed to daughter-in-law Lara Trump , who served as co-chair of the Republican National Committee and is now being talked about as a potential replacement for Florida Sen. Marco Rubio, whom Trump has chosen for secretary of state. Melania Trump will return to the White House, he says Trump said the former and soon-to-be first lady Melania Trump will be joining him at the White House during second term and will "be active, when she needs to be.” “Oh yes,” he said. “She’s very beloved by the people, Melania. And they like the fact that she’s not out there in your face all the time for many reasons.”Mossad behind the assassination of Russian nuclear defense forces commander

An Israeli airstrike flattened a multistory building in central Gaza, killing at least 25 people and wounding dozens more, according to Palestinian medical officials, after strikes Thursday across the Gaza Strip killed at least 28 others. The latest deadly strike hit the urban Nuseirat refugee camp just hours after U.S. President Joe Biden’s national security adviser, Jake Sullivan, told reporters in Jerusalem that the recent ceasefire in Lebanon has helped clear the way for a potential deal to end the war in Gaza between Israel and Hamas. The Israeli military did not immediately comment on the deadly strike in Nuseirat. Israel says it is trying to eliminate Hamas, which led the attack on southern Israel in October 2023 that sparked the war in Gaza . The Israeli military says Hamas militants hide among Gaza’s civilian population. The fighting has plunged Gaza into a severe humanitarian crisis, with experts warning of famine in some of the hardest-hit parts of the territory. Israel’s offensive has killed over 44,800 Palestinians in Gaza, more than half of them women and children, according to the Gaza Health Ministry, which does not say how many were combatants. The Israeli military says it has killed over 17,000 militants, without providing evidence. The Oct. 7, 2023 attack by Hamas killed some 1,200 people, mostly civilians, and around 250 others were taken hostage. Some 100 hostages are still inside Gaza, at least a third of whom are believed to be dead. Here's the latest: Syrian exile group says transitional government should be formed through a U.N.-backed process DAMASCUS, Syria — Mohammad Salim Alkhateb, an official with the National Coalition of Syrian Revolution and Opposition Forces — an internationally backed group of the opposition in exile — said his group wants to see a transitional government formed via a United Nations-backed process in the wake of Bashar Assad ouster. It is not yet clear if Hayat Tahrir al-Sham, the main rebel group now in control of Syria, will pursue such a process. The insurgents have said an interim government headed by Mohammad al-Bashir, who is also the head of the “salvation government” of HTS in its former stronghold in northern Syria, will oversee the country until March but have not made clear how the transition to a new, fully empowered government would take place. “The transitional governing body should be formed in Geneva to have international legitimacy,” said Alkhateb, who is now in Damascus. “The transitional governing body, whatever its form, whether it is the ‘salvation government’ or any other, what matters is that it has international recognition.” Alkhateb said that the unexpectedly rapid fall of Damascus and departure of Assad after opposition forces launched their offensive had created confusion and a governance vacuum. A day before the insurgents pushed into Damascus, diplomats from countries including Saudi Arabia, Qatar, Turkey, Iran and Russia met in Qatar to discuss the situation in Syria. Alkhateb said that they had discussed a scenario in which the rebels would halt their advance, keeping the territory they had captured so far in the north — including Syria’s largest city, Aleppo — and the opposition and Assad’s government would go to Geneva for talks on a political settlement to the conflict. However, he noted, “there were no Syrians in that meeting.” Assad fled to Russia before the rebel forces arrived in Damascus but has not officially announced his resignation, which is “why we are living in a vacuum rather than a political transition,” Alkhateb said. He added that creating a professional army should be a priority of the transitional government. “We do not want a civilian who was trained during the revolution to carry military weapons to become the military,” he said. Israel bombed hundreds of military sites in Syria this week in a wave of airstrikes that destroyed “most of the strategic weapons stockpiles” in the country. Israeli Prime Minister Benjamin Netanyahu said the wave of airstrikes in neighboring Syria was necessary to keep the weapons from being used against Israel following the Syrian government’s stunning collapse . Biden administration says missing American journalist in Syria ‘is a top priority’ WASHINGTON — White House press secretary Karine Jean-Peirre says Austin Tice, an American journalist missing in Syria for 12 years, “is a top priority for this president.” During a briefing with reporters on Thursday, Jean-Pierre said of Tice, “There is no indication that he is not alive. There’s also no indication about his location or condition.” “What our goal is, is to bring him home. And so, we hope certainly that he is alive and, as we have stated many times before, we are talking through this with the Turks and we want to do everything we can to bring him home,” she said. Four Israeli strikes in Lebanon should be investigated as war crimes, rights group says BEIRUT — Amnesty International said Thursday that four Israeli airstrikes between September and October that killed at least 49 civilians in Lebanon “must be investigated as war crimes.” The rights organization said in a new report that the four strikes targeted homes in the Bekaa Valley, northern and eastern Lebanon, and municipal offices in the south. “These four attacks are emblematic of Israel’s shocking disregard for civilian lives in Lebanon and their willingness to flout international law,” said Amnesty International’s Erika Guevara Rosas, Senior Director for Research, Advocacy, Policy and Campaigns. The rights group said this report was part of its ongoing investigation into violations of the laws of war in Lebanon. Amnesty International investigated four Israeli airstrikes, including one on Sept. 29 in al-Ain that killed all nine members of the same family. On Oct. 21, a strike in Baalbek city in eastern Lebanon killed six members of the same family. Another on Oct. 14 in the village of Aitou in northern Lebanon killed 23 displaced people, including a 5-month-old baby. A fragment from the attack site in Aitou was identified by an Amnesty weapons expert as likely part of a Mk-80 series aerial bomb, weighing at least 500 pounds. These munitions are primarily supplied to Israel by the United States, Amnesty said. The fourth strike Amnesty investigated was the strike that hit the municipal headquarters in Nabatiyeh, southern Lebanon, on Oct. 16, killing 11 civilians including the mayor. “The air strike took place without warning, just as the municipality’s crisis unit was meeting to coordinate deliveries of aid, including food, water and medicine, to residents and internally displaced people who had fled bombardment in other parts of southern Lebanon,” Amnesty said. The rights group said it interviewed survivors and witnesses, examined evidence, and found no military targets near the sites of the four strikes. The Israeli military gave no warnings and did not respond to Amnesty’s inquiries, the group said. Israeli strike on a multistory building in Gaza kills at least 25 people and wounds dozens DEIR AL-BALAH, Gaza Strip — An Israeli airstrike hit the central Gaza Strip on Thursday, killing at least 25 Palestinians and wounding dozens more, Palestinian medics said, just hours after President Joe Biden’s national security adviser raised hopes about a ceasefire deal to end the war in Gaza. Photos from the scene of the blast that circulated on social media showed a completely collapsed building with people walking through its mangled and charred remains, smoke rising from piles of belongings strewn over the rubble. Officials at two hospitals in the Gaza Strip, al-Awda Hospital in the north and al-Aqsa Hospital in central Gaza, reported they received a combined total of 25 bodies from an Israeli strike on a multistory residential building in the urban Nuseirat refugee camp. Palestinian medics also reported that over 40 people, most of them children, were receiving treatment at the two hospitals. The al-Aqsa Hospital said that the Israeli attack also damaged several nearby houses in Nuseirat. There was no immediate comment from the Israeli military on the deadly strike. Israel is trying to eliminate Hamas, which led the attack on southern Israel in October 2023 that sparked the war in Gaza . The Israeli military says Hamas militants hide among Gaza’s civilian population. Israel’s war against Hamas has killed over 44,800 Palestinians in Gaza, more than half of them women and children, according to the Gaza Health Ministry, which does not say how many were combatants. The Israeli military says it has killed over 17,000 militants, without providing evidence. The fighting has plunged Gaza into a severe humanitarian crisis, with experts warning of famine. Israel says it allows enough aid to enter and blames U.N. agencies for not distributing it. The U.N. says Israeli restrictions, and the breakdown of law and order after Israel repeatedly targeted the Hamas-run police force, make it extremely difficult to operate in the territory. UN food agency faces challenges in Syria UNITED NATIONS – The U.N. food agency is trying to deal with massive needs in Syria not only from escalating war-related food insecurity and an upsurge in displaced people fleeing Lebanon but also the dramatically new environment following the ouster of Bashar Assad, a senior U.N. official says. “It’s a triple crisis and the needs are going to be massive,” said Carl Skau, deputy executive director of the World Food Program, in an interview with The Associated Press late Wednesday. The WFP estimated that 3 million people in Syria were “acutely food insecure” and very hungry. However, that estimate was made before the Israel-Hezbollah war in Lebanon pushed many Syrian refugees back to their home country, plus the instability caused by the overthrow of Assad. Due to funding cuts, the WFP had been targeting only 2 million of those people, he said. Because WFP has been working in Syria during the 13-year civil war, he said, it has pre-positioned food in the country. It has 500 staff in seven offices nationwide and has operated across conflict lines, across borders, and with all different parties, he said. Skau said Hayat Tahrir al-Sham, the main rebel group now in control of Syria, has promised to provide security for WFP warehouses. Humanitarian aid supplies had been looted at U.N. warehouses in the disorder after Assad fell. “We’re not really up and running in Damascus because of the continued kind of uncertainty there,” he said. WFP initially thought of relocating non-essential staff but the situation in Aleppo, Syria’s largest city, has been “quite calm and orderly," he said. In the short term, Skau said, “what we’re seeing is that markets are disrupted, the value of the currency dropped dramatically, food prices are going up, transport lines don’t work,” and it’s unclear who will stamp required papers for imports and exports. This means that a bigger humanitarian response is needed initially, he said, but in the next phase, the U,N. will be looking at contributing to Syria’s recovery, and ultimately the country will need reconstruction. Skau said he expects a new funding appeal for Syria and urged donors to be generous. A top US official says the truce in Lebanon may help seal a Gaza ceasefire deal JERUSALEM — President Joe Biden’s national security adviser, Jake Sullivan, told reporters in Jerusalem on Thursday that Israel’s ceasefire in Lebanon has helped clear the way for another deal to end the war in Gaza. He plans to travel next to Qatar and Egypt — key mediators in the ceasefire talks — as the Biden administration makes a final push on negotiations before Donald Trump is inaugurated. Sullivan said “Hamas’ posture at the negotiating table did adapt” after Israel decimated the leadership of its ally Hezbollah in Lebanon and reached a ceasefire there. “We believe it puts us in a position to close this negotiation,” he said. Sullivan dismissed speculation that Israeli Prime Minister Benjamin Netanyahu was waiting for Trump to take office to finalize a deal. He the U.S. believes there are three American hostages still alive in Gaza, but it’s hard to know for sure. He also said “the balance of power in the Middle East has changed significantly” since Hamas’ Oct. 7 attack on Israel, especially with the overthrow of former Syrian President Bashar Assad, a key ally of Hezbollah and Iran. “We are now faced with a dramatically reshaped Middle East in which Israel is stronger, Iran is weaker, its proxies decimated, and a ceasefire that is new and will be lasting in Lebanon that ensures Israel’s security over the long term,” he said. Israel launches deadly strike on a Lebanese border town just hours after withdrawing troops KHIAM, Lebanon — An Israeli strike killed at least one person Thursday in the Lebanese border town of Khiam, the Health Ministry said, less than a day after Israeli troops handed the hilltop village back to the Lebanese army in coordination with U.N. peacekeepers, Khiam is the first Lebanese town Israel has pull out of since a ceasefire between Israel and Hezbollah militants began two weeks ago, and marks an important test of the fragile truce . Lebanon's Health Ministry and state news agency did not provide details on who was killed, and did not report airstrikes elsewhere on Thursday. The Israeli military said the airstrike in Khiam targeted Hezbollah fighters. Lebanese troops deployed in the northern section of the town on Thursday morning and were coordinating with U.N. peacekeepers to finalize Israel’s withdrawal before fully entering into other neighborhoods. An Associated Press reporter who visited Khiam on Thursday observed widespread destruction, with most houses reduced to rubble. Entire neighborhoods were flattened, with collapsed walls and debris scattered across the streets. Lebanon’s caretaker prime minister, Najib Mikati, sharply criticized Israel for striking the town less than 24 hours after the Lebanese army returned, saying it was “a violation of the pledges made by the parties that sponsored the ceasefire agreement, who must act to curb Israeli aggression.” The truce was brokered by the U.S. and France. Israel has previously said the ceasefire deal allows it to use military force against perceived violations. Near-daily attacks by Israel during the ceasefire, mostly in southern Lebanon, have killed at least 29 people and wounded 27 others. Khiam, which sits on a ridge less than 3 miles (5 kilometers) from the border with Israel, saw some of the most intense fighting during the war. The Lebanese army was clearing debris and reopening roads in the northern section of the town. Civilian access to other areas remained challenging as the army clears roads and works alongside the U.N. peacekeepers to ensure the area is free of unexploded ordnance. Blinken urges the many players in Syria to avoid taking any steps that could lead to violence AQABA, Jordan -- U.S. Secretary of State Antony Blinken is urging the many players in Syria to avoid taking any steps that could lead to further violence. Blinken spoke to reporters in Jordan on Thursday shortly after meeting King Abdullah II as he opened a trip in the region to discuss Syria's future after former President Bashar Assad's ouster. Blinken will next visit Turkey, a NATO ally and a main backer of Syrian rebel groups. Blinken called this “a time of both real promise but also peril for Syria and for its neighbors.” He said he was focused on coordinating efforts in the region “to support the Syrian people as they transition away from Assad’s brutal dictatorship” and establish a government that isn’t dominated by one religion or ethnic group or outside power. Blinken was asked about Israel’s incursion into a buffer zone that had been demilitarized for the past half century. Israeli Prime Minister Benjamin Netanyahu says the move is temporary and defensive, but also indicated Israel will remain in the area for a long time. Blinken declined to say whether the U.S. supports the move, but said the U.S. would be speaking to Israel and other partners in the region. “I think, across the board, when it comes to any actors who have real interests in Syria, it’s also really important at this time that, we all try to make sure that we’re not sparking any additional conflicts,” he said. Turkish spy chief makes symbolic visit to pray in Damascus after Assad's fall ANKARA, Turkey — Turkey’s intelligence chief, Ibrahim Kalin, arrived in Damascus on Thursday, according to Turkish media reports. Kalin was seen arriving at the Umayyad Mosque to pray, surrounded by a large crowd, according to video shown on Turkish television. The visit is highly symbolic. Turkish officials, who supported the opposition against Syria’s government, had predicted at the start of the civil war in 2011 that President Bashar Assad’s government would fall, allowing them to pray at the Umayyad Mosque. Paraguay reopens embassy in Jerusalem in diplomatic victory for Netanyahu JERUSALEM — Paraguay reopened its embassy in Jerusalem Thursday, becoming one of a small handful of nations to recognize the city as Israel’s capital and marking a diplomatic victory for Prime Minister Benjamin Netanyahu. Israel’s international isolation has increased as the war in Gaza drags on, and Paraguay was the first country to move its embassy to Jerusalem since the Oct. 7, 2023 Hamas attack that kickstarted the war. The United States, Honduras, Guatemala, Kosovo, and Papua New Guinea are among the few countries with Jerusalem embassies. Israel annexed east Jerusalem in 1967 but it wasn’t recognized by the international community, and most countries run their embassies out of Tel Aviv. Spirits were high at the ceremony marking the embassy’s inauguration Thursday, with Netanyahu and Israel’s Foreign Minister Gideon Saar lavishing praise on Paraguayan President Santiago Pena. “My good friend Santiago,” said Netanyahu, addressing Pena. “We’re a small nation. You’re a small nation. We suffered horrible things but we overcame the odds of history...we can win and we are winning.” Paraguay had an embassy in Jerusalem in 2018, under Former President Horacio Cartes. That embassy was moved back to Tel Aviv by Cartes’ successor, Mario Abdo Benitez, prompting Israel to close its embassy in Asuncion. Saar said Israel and Paraguay shared a “friendship based not only on interests but also values and principles.” He and the Paraguayan foreign minister, Rubén Ramírez Lezcano, signed a series of bilateral agreements and Saar said he would soon visit Asunción with a delegation from the Israeli private sector. “Israel is going to win and the countries we are standing next to Israel, we are going to win," Pena said. US Secretary of State Blinken renews calls for inclusion, stability in Syria in Mideast visit AQABA, Jordan — U.S. Secretary of State Antony Blinken is renewing calls for Syria’s new leadership to respect women and minority rights, prevent extremists from gaining new footholds in the country and keeping suspected chemical weapons stocks secure as he makes his first visit to the Mideast since the weekend ouster of Syrian President Bashar Assad . Making his 12th trip to the Middle East since the Israel-Hamas war erupted lasted year but amid fresh concerns about security following the upheaval in Syria, Blinken emphasized Thursday to Jordan’s King Abdullah II U.S. “support for an inclusive transition that can lead to an accountable and representative Syrian government chosen by the Syrian people,” the State Department said. Blinken also repeated the importance the outgoing Biden administration puts on respect for human rights and international law, the protection of civilians and stopping terrorist groups from reconstituting. Blinken met with the monarch and Jordanian Foreign Minister Ayman Safadi in Aqaba before traveling to Turkey for talks with Turkish officials on the situation in Syria and the urgency of securing a long-elusive deal to release hostages and end the fighting in Gaza that has devastated the Palestinian territory since October 2023. Abdullah told Blinken that “the first step to reach comprehensive regional calm is to end the Israeli war on Gaza." UN envoy urges authorities to collect evidence from Syrian detention centers GENEVA — The U.N. envoy for Syria is calling on authorities to save evidence from detention centers that were a hub of “unimaginable barbarity” that Syrians have faced for many years and cooperate with international investigators looking into such crimes. Geir Pederson referred to new images from the notorious Saydnaya military prison north of the capital, Damascus, after President Bashar Assad fled Syria as armed groups stormed in to overthrow his government over the weekend. “The images from Saydnaya and other detention facilities starkly underscore the unimaginable barbarity Syrians have endured and reported for years,” Pedersen said in a statement. Documentation and testimonies “only scratch the surface of the carceral system’s horrors,” he added. Pedersen urged authorities to cooperate with U.N. bodies like an independent Commission of Inquiry on Syria, which was created in 2011, and an independent group known as the IIIM that was set up five years later to also compile evidence of crimes. G7 leaders say they support an inclusive political transition in Syria ROME — Leaders of the Group of 7 industrialized nations offered their full support for an inclusive political transition in Syria and invited all parties to preserve the country’s territorial integrity. In a message released by Italian Premier Giorgia Meloni’s office, the leaders said they were ready to support a transition that “leads to a credible government, inclusive and not sectarian, that guarantees respect for the state of law, universal human rights, including rights for women, (and) the protection of all Syrians, including religious and ethnic minorities.” The leaders also underlined the importance that ousted President Bashar Assad’s government is held responsible for crimes, citing “decades of atrocities.” They said they would also cooperate with groups working to prohibit chemical weapons “to secure, declare and destroy” remaining chemical arms in Syria. Italy currently holds the rotating presidency of the G-7, which also includes Britain, Canada, France, Germany, Japan and the United States. Israel's military says it hit Hamas militants in two locations in southern Gaza JERUSALEM — The Israeli military says it struck Hamas militants in two locations in the southern Gaza Strip who planned to hijack aid convoys. Palestinian Health officials had earlier said that the two strikes killed 15 men who were part of local committees established to secure aid deliveries. The committees have been organized in cooperation with the Hamas-run Interior Ministry in Gaza. It was not possible to independently confirm either account of the strikes, which occurred overnight into Thursday. Israel has long accused Hamas of hijacking humanitarian aid deliveries, while U.N. officials have said there is no systemic diversion of aid . U.N. agencies and aid groups say deliveries are held up by Israeli restrictions on the entry of aid and movement within Gaza, as well as the breakdown of law and order more than 14 months into the war between Israel and Hamas. Israel has repeatedly targeted the Hamas-run police force, which maintained internal security before the war. The United Nations agency for Palestinian refugees, the main aid provider in Gaza, said a U.N. convoy of 70 trucks carrying humanitarian aid in southern Gaza “was involved in a serious incident,” resulting in just one of the trucks reaching its destination. It did not provide further details on the incident but said the same route had been used successfully two days earlier. Israel’s offensive, launched after Hamas’ Oct. 7, 2023, attack, has caused vast destruction and displaced around 90% of Gaza’s population of 2.3 million, leaving the territory heavily reliant on international food aid. American who says he crossed into Syria by foot is free after 7 months in detention DAMASCUS, Syria — An American who turned up in Syria on Thursday says he was detained after crossing into the country by foot on a Christian pilgrimage seven months ago. Travis Timmerman appears to have been among thousands of people released from the country’s notorious prisons after rebels reached Damascus over the weekend, overthrowing President Bashar Assad and ending his family’s 54-year rule. As video emerged online of Timmerman on Thursday, he was initially mistaken by some for Austin Tice, an American journalist who went missing in Syria 12 years ago. In the video, Timmerman could be seen lying on a mattress under a blanket in what appeared to be a private house. A group of men in the video said he was being treated well and would be safely returned home. The Biden administration is working to bring Timmerman home, Secretary of State Antony Blinken told reporters in Aqaba, Jordan, without offering details, citing privacy. Timmerman later gave an interview with the Al-Arabiya TV network, saying he had illegally crossed into Syria on foot from the eastern Lebanese town of Zahle seven months ago, before being detained. He said he was treated well in detention but could hear other men being tortured. US Secretary of State Blinken visits Mideast after Assad's ouster in Syria AQABA, Jordan — U.S. Secretary of State Antony Blinken has arrived in Jordan on his 12th visit to the Mideast since the Israel-Hamas war erupted last year and his first since the weekend ouster of Syrian President Bashar Assad that has sparked new fears of instability in a region wracked by three conflicts despite a ceasefire agreement in Lebanon. Blinken was meeting in Aqaba with Jordan’s King Abdullah II and Foreign Minister Ayman Safadi on Thursday before traveling to Turkey for talks with Turkish officials on Friday. The meetings will focus largely on Syria but also touch on long-elusive hopes for a deal to end the fighting in Gaza that has devastated the Palestinian territory since October 2023. Blinken is the latest senior U.S. official to visit the Middle East in the five days since Assad was deposed as the Biden administration navigates more volatility in the region in its last few weeks in office and as President-elect Donald Trump has said the U.S. should stay out of the Syrian conflict. Other include national security adviser Jake Sullivan and a top military commander who traveled there as the U.S. and Israel have launched airstrikes to prevent the Islamic State militant group from reconstituting and prevent materiel and suspected chemical weapons stocks from falling into militant hands. Blinken “will discuss the need for the transition process and new government in Syria to respect the rights of minorities, facilitate the flow of humanitarian assistance, prevent Syria from being used as a base of terrorism or posing a threat to its neighbors, and ensure that chemical weapons stockpiles are secured and safely destroyed,” the State Department said. The U.S. would be willing to recognize and fully support a new Syrian government that met those criteria. U.S. officials say they are not actively reviewing the foreign terrorist organization designation of the main Syrian rebel group, Hayat Tahrir al-Sham, known as HTS, which was once an al-Qaida affiliate, but stressed they are not barred from speaking to its members. Netanyahu says Israeli forces will remain in Syrian buffer zone until border security is guaranteed JERUSALEM — Israeli Prime Minister Benjamin Netanyahu says Israeli forces will remain in a Syrian buffer zone until a new force on the other side of the border can guarantee security. After the overthrow of Syrian President Bashar Assad, Israeli forces pushed into a buffer zone that had been established after the 1973 Mideast war. The military says it has seized additional strategic points nearby. Israeli officials have said the move is temporary, but Netanyahu’s conditions could take months or even years to fulfill as Syria charts its post-Assad future, raising the prospect of an open-ended Israeli presence in the country. Netanyahu’s office said in a statement Thursday that Assad’s overthrow by jihadi rebels created a vacuum on the border. “Israel will not permit jihadi groups to fill that vacuum and threaten Israeli communities on the Golan Heights with October 7th style attacks,” it said, referring to Hamas’ 2023 attack out of Gaza, which ignited the war there. “That is why Israeli forces entered the buffer zone and took control of strategic sites near Israel’s border.” The statement added that “this deployment is temporary until a force that is committed to the 1974 agreement can be established and security on our border can be guaranteed.” The buffer zone is adjacent to the Golan Heights, which Israel captured from Syria in the 1967 Mideast war and later annexed. The international community, except for the United States, views the Golan as occupied Syrian territory. Attacker who fatally shot boy on a bus in the West Bank turns himself in, military says JERUSALEM — Israel’s military said Thursday that the attacker who fatally shot a 12-year-old Israeli boy in the occupied West Bank overnight turned himself in to authorities. The attacker opened fire on a bus near the Israeli settlement of Beitar Illit, critically wounding the boy, who hospital authorities pronounced dead in the early morning. Three others were wounded in the attack, paramedics said. The shooting took place just outside Jerusalem in an area near major Israeli settlements. Indonesia evacuates 37 citizens from Syria JAKARTA, Indonesia — The Indonesian government has evacuated 37 citizens from Syria following the fall of the Bashar al-Assad government, officials said Thursday. The evacuees were taken by land from Damascus to Beirut, where they boarded three commercial flights to Jakarta, said Judha Nugraha, director of citizen protection at the Foreign Affairs Ministry. The Indonesian Embassy in Damascus said all 1,162 Indonesian citizens in Syria were safe. Indonesian Ambassador to Syria Wajid Fauzi said the situation in Syria has gradually returned to normal. “I can say that 98% of people’s lives are back to normal, shops are open, public transportation has started running,” Fauzi said, adding that most Indonesian nationals living in Syria had chosen to stay. Israeli airstrikes kill at least 28 people, including 7 children, Palestinian medical officials say DEIR AL-BALAH, Gaza Strip — Palestinian medical officials say Israeli airstrikes have killed at least 28 people in the Gaza Strip, including seven children and a woman. One of the strikes overnight and into Thursday flattened a house in the built-up Nuseirat refugee camp, according to the Al-Aqsa Martyrs Hospital in the nearby city of Deir al-Balah, where the casualties were taken. An Associated Press reporter saw the bodies at the hospital’s morgue. Two other strikes killed 15 men who were part of local committees established to secure aid convoys . The committees were set up by displaced Palestinians in coordination with the Hamas-run Interior Ministry. The Nasser Hospital in the southern city of Khan Younis received the bodies and an AP reporter counted them. The hospital said eight were killed in a strike near the southern border town of Rafah and seven others in a strike 30 minutes later near Khan Younis. The war in Gaza began when Hamas-led militants attacked southern Israel on Oct. 7, 2023, killing some 1,200 people, mostly civilians, and abducting around 250 people. Some 100 hostages are still inside Gaza, at least a third of whom are believed to be dead. Israel’s offensive has killed over 44,800 Palestinians in Gaza, more than half of them women and children, according to the Gaza Health Ministry, which does not say how many were combatants. The Israeli military says it has killed over 17,000 militants, without providing evidence. The fighting has plunged Gaza into a severe humanitarian crisis, with experts warning of famine. Israel says it allows enough aid to enter and blames U.N. agencies for not distributing it. The U.N. says Israeli restrictions, and the breakdown of law and order after Israel repeatedly targeted the Hamas-run police force, make it extremely difficult to operate in the territory. UN General Assembly demands ceasefire in Gaza and backs UN agency helping Palestinian refugees UNITED NATIONS — The U.N. General Assembly overwhelmingly approved resolutions Wednesday demanding an immediate ceasefire in Gaza and backing the U.N. agency for Palestinian refugees that Israel has moved to ban . The votes in the 193-nation world body were 158-9 with 13 abstentions to demand a ceasefire now and 159-9 with 11 abstentions to support the agency known as UNRWA. The votes culminated two days of speeches overwhelmingly calling for an end to the 14-month war between Israel and the militant Hamas group . General Assembly resolutions are not legally binding, though they reflect world opinion. There are no vetoes in the assembly. Israel and its close ally, the United States, were in a tiny minority speaking and voting against the resolutions.Results of Scheme Meeting

Shiv Sena (UBT) leader Sanjay Raut on Sunday criticised former Chief Justice of India D Y Chandrachud, accusing him of undermining the rule of law for politicians who switched parties in Maharashtra. This statement from Raut follows his party’s disappointing performance in the recent state Assembly elections, where they secured only 20 out of the 95 seats contested within the Maha Vikas Aghadi (MVA) alliance. The results for the alliance’s partners were similarly poor, with Congress winning 16 of 101 seats and the NCP (SP) claiming just 10 of the 86 seats they contested for. Raut asserted that by failing to rule on the disqualification petitions, Chandrachud enabled defections to occur freely. Speaking to reporters, Raut said: “Chandrachud has eradicated the fear of the law among defectors. His actions will be remembered negatively in history.” After the split of the Shiv Sena in 2022, the faction led by Uddhav Thackeray filed petitions in the Supreme Court seeking the disqualification of MLAs who defected to join Eknath Shinde. The Supreme Court subsequently assigned the responsibility to the Assembly Speaker, who earlier this year ruled that the Shinde-led faction represented the real political party. Raut said the result of the Maharashtra Assembly election 2024 could have been different if Chandrachud had not delayed the decisions regarding disqualification petitions. “If he would have given a timely verdict in disqualification petition of Shiv Sena (UBT), the scenario in Maharashtra would have been different. History will never forgive him,” he said. “The choice of Maharashtra’s Chief Minister will be dictated by the Gujarat lobby. Perhaps the swearing-in ceremony should take place in Gujarat instead of Maharashtra,” he said. Additionally, Raut credited the Rashtriya Swayamsevak Sangh (RSS) for their role in the success of the Mahayuti coalition, alleging that their aggressive campaigning techniques significantly influenced the election results. At all-party meet, Congress demands discussion on Adani, Manipur in Parliament winter session Congress says outgoing CJI Chandrachud’s legacy will continue to be debated Bandra stampede: Sanjay Raut takes jibe at Ashwini Vaishnaw, says Rail Minister too busy with bullet train, Mumbai passengers ignored Sanjay Raut granted bail hours after getting convicted in defamation case filed by BJP leader Kirit Somaiya’s wife Opposition slams PM Modi over his visit to CJI Chandrachud’s residence for Ganpati Puja Sanjay Raut says Congress is responsible for India’s independence, progress in science and technology Raj Thackeray demands the Bharat Ratna for Bal Thackeray Your email address will not be published. Required fields are marked * Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment.Gophers women’s basketball improves to 7-0, dominate Montana in second game without injured Mara Braun

GSA Capital Partners LLP Takes Position in Webster Financial Co. (NYSE:WBS)

Forecasts warn of possible winter storms across US during Thanksgiving week

Stock indexes closed mixed on Wall Street at the end of a rare bumpy week. The S&P 500 ended little changed Friday. The benchmark index reached its latest in a string of records a week ago. It lost ground for the week following three weeks of gains. The Dow Jones Industrial Average slipped 0.2%. The Nasdaq composite edged up 0.1%. Broadcom surged after the semiconductor company beat Wall Street’s profit targets and gave a glowing forecast, highlighting its artificial intelligence products. RH, formerly known as Restoration Hardware, surged after raising its revenue forecast. Treasury yields rose in the bond market. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. Stocks slipped in afternoon trading Friday as Wall Street closes out a rare bumpy week. The S&P 500 was up by less than 0.1% and is on track for a loss for the week after three straight weekly gains. The Dow Jones Industrial Average fell 58 points, or 0.1% to 43,856 as of 3 p.m. Eastern time. The Nasdaq rose 0.1% and is hovering around its record. Broadcom surged 24.9% for the biggest gain in the S&P 500 after the semiconductor company beat Wall Street’s profit targets and gave a glowing forecast, highlighting its artificial intelligence products. The company also raised its dividend. The company's big gain helped cushion the market's broader fall. Pricey stock values for technology companies like Broadcom give the sector more weight in pushing the market higher or lower. Artificial intelligence technology has been a focal point for the technology sector and the overall stock market over the last year. Tech companies, and Wall Street, expect demand for AI to continue driving growth for semiconductor and other technology companies. Even so, some big tech stocks were in the red Friday. Nvidia slid 2.6%, Meta Platforms dropped 1.7% and Netflix was down 0.7%. Furniture and housewares company RH, formerly known as Restoration Hardware, surged 14.2% after raising its forecast for revenue growth for the year. Wall Street's rally stalled this week amid mixed economic reports and ahead of the Federal Reserve's last meeting of the year. The central bank will meet next week and is widely expected to cut interest rates for a third time since September. Expectations of a series of rate cuts has driven the S&P 500 to 57 all-time highs so far this year . The Fed has been lowering its benchmark interest rate following an aggressive rate hiking policy that was meant to tame inflation. It raised rates from near-zero in early 2022 to a two-decade high by the middle of 2023. Inflation eased under pressure from higher interest rates, nearly to the central bank's 2% target. The economy, including consumer spending and employment, held strong despite the squeeze from inflation and high borrowing costs. A slowing job market, though, has helped push a long-awaited reversal of the Fed's policy. Inflation rates have been warming up slightly over the last few months. A report on consumer prices this week showed an increase to 2.7% in November from 2.6% in October. The Fed's preferred measure of inflation, the personal consumption expenditures index, will be released next week. Wall Street expects it to show a 2.5% rise in November, up from 2.3% in October. The economy, though, remains solid heading into 2025 as consumers continue spending and employment remains healthy, said Gregory Daco, chief economist at EY. “Still, the outlook is clouded by unusually high uncertainty surrounding regulatory, immigration, trade and tax policy,” he said. Treasury yields edged higher. The yield on the 10-year Treasury rose to 4.40% from 4.34% late Thursday. European markets slipped. Britain's FTSE 100 fell 0.1%. Britain’s economy unexpectedly shrank by 0.1% month-on-month in October, following a 0.1% decline in September, according to data from the Office for National Statistics. Asian markets closed mostly lower. Damian J. Troise And Alex Veiga, The Associated Press

Toronto Argonauts sign American running back Kevin BrownWould you pay $700 a night to sleep under the stars at this Colorado resort?

By Russell Clark of Capital Flows and Asset Markets substack I turned 50 early this year - but like most men still think I am young. It only really hits home that I have aged when I catch up with a group of friends the same age. Sometimes its the grey hair, sometimes its the bald spots, or sometimes its the universal doom and gloom about markets, and I think “Wow - I am really hanging out with a bunch of old guys!” Having a doom and gloom view about markets really does show your age. Talking about the year 2000, 2001, 2002 or 2008, which were bad bear markets just dates you these days. In the big scheme of things, they were just buying opportunities. Having started in markets in that period, and having seen the long depressing Japanese bear market - I was always more “old man” in my thinking - but being stuck in your ways when the world changes is the ultimate old man trade- like insisting and old Nokia phone is better than iPhone. To be fair to myself and other old men - around 2007 I though China and emerging markets was dead money (and foolishly assumed this would hold back the US). HSCEI is not even at half the level it reach in 2007. My first investing model was the MMM model - macro, micro and market, and it was pretty good at calling the top in China and emerging markets. Macro was current account deficits, exchange rate and money supply among other things, micro was how key industries were acting and investing their own capital. Market was basically investing when market action confirmed micro and macro. The good thing about this model was that it could be used for long and short investing . The macro part of my MMM model turned negative on the US back in 2016 - some 200% and 8 years ago. It also turned negative on the US dollar - so you cannot dress it up - its a failed model. I tied to save this model by adding a political element to it - which I called motivation so I could call it the MMMM model. This birthed the pro-labour trade - and GLD/TLT as well. While GLD/TLT has been good - it also made predictions about asset markets being stagnant, or at least US dollar weakness. This has been wrong. As I have been contemplating these failed models, I have also been ruminating on ideas of empire, the rise of a digital world, and tech for awhile - and have started to think we can fold “old school macro” in to tech and industry analysis, which would create a model that explains the modern world. What I have been thinking about is the vast technological change we are undergoing at the moment, and what precedents we have to think about . 100 years ago the US birthed the auto industry as we know it. This fundamentally changed society - but also changed the US place in the world. US industry quickly dominated the auto industry - and the US became the dominant nation. Post World War 2 - US dominance of the the most important industry in the world - the auto industry- was coming under threat. FDR led unionisation of the auto industry led to US firms becoming uncompetitive and suffering at the hands of German and Japanese auto firms. This led to a US trade deficit and falling gold reserves. The US left the gold standard - and modern day macro investing was born . With the gold standard, making predictions on currency or interest rates were largely unnecessary - fiat currency created the conditions for macro investing. The auto industry is generally estimated to be 10 percent of GDP for most nations, running from manufacturing, repair, sales and financing, but you could also include things like road maintenance and repair. From 1960 onwards, not only was the US importing cars, but the crude oil to run them. Japan, Germany, Saudi, Canada and Mexico all grew wealthy (some more than others) on the back of supplying US auto industry one way or another. However over the last ten years changes in technology has changed all of this. First of all, the shale revolution has made the US is energy self sufficient - which destroys the connection between US growth and energy suppliers. That is a booming US does not necessarily make Canada or Saudi wealthier . Secondly, with the world moving to electric vehicles - the US has the leading company in Tesla. For decades, Toyota was worth more than Ford, the leading US car company. But since 2020, Tesla has been far more valuable than Toyota. The traditional conduits via which US growth is spread to the rest of the world have been or are in the process of being cut. Industry analysis has eaten macro analysis, or at the very least changed it completely. Another feature of Western dominance and now mainly US dominance is a political system that allows the masters of new technology to assume political control. The ability to absorb the masters of new technology into the political system is underrated feature of the West- mainly because the existing old order bitterly resent it. A typical old man gripe would be about the new wave of populist leaders. But one thing common about populist leaders is that they are much more effective on social media. What is interesting about Trump Mark 2.0, is that social media, and new tech leaders have lined up with him, far more than in his first term. Politically, it is hard to see how bringing in the new leading industries into the political world is a bad thing for the US. You can compare and contrast with Volkswagen that is facing a existential crisis, and has to deal with state government owners wishing to keep old engine factories open. One of the best university courses I did was called “Asian Giants” and compared and contrasted how India, China and Japan dealt with the Western Powers and their Asian colonialism. India just accepted them as another ruling class - and eventually saw deindustrialisation as British rulers saw no need in encouraging competition. China rejected all Western influence - and saw its nation carved up by Western powers, while Japan embarked on a process of modernization - which saw traditional leadership move from the samurai class to the merchant class. Within 20 years Japan had kicked out the foreigners and began to build its own empire. Japan also had to go through a violent political reconfiguration - the Meiji Restoration - but ultimately a strong Japan was achieved. One of the things that “old men” often fixate on is the dominance of the US in equity markets. Many, many macro careers have been destroyed by trying to catch a mean reversion trade, that is betting on emerging market or Europe rather than the US. But this chart is driven by two big technological trades. First modern cloud computing means that the need to use local companies for anything is unnecessary and pointless. Economies of scale drive everything to the US (he says as he uses San Francisco based Substack and Stripe - while writing a note on macro investing while in Spain). This is different to say the mobile phone boom in 1999, where Vodafone was the largest stock in the UK. The second feature is that the US and China have stolen a march on Japan and Europe in electric vehicles. This reliance on lagging technology is probably why the Euro and Yen has been such poor currencies, and why the US dollar has been strong. Chinese Yuan has been also better than Euro or Yen. This probably explains why currency has also been the other killing field for macro investors. Short dollar trades have been very poor . Putting it all together, from a tech perspective China is the only threat to the US . Japan and Europe have missed the boat on cloud and social media tech, and are badly compromised on EV, while China is competitive in both these areas. On drone technology, which modern warfare seems to be based, China is probably ahead of the US. For me, we are now at an interesting political, tech and macro crossroads. Chinese and US politics has diverged radically on tech. In the US, we have Elon Musk as best buddy to Trump, and big tech is close to big power. In China, they have chosen to regulate tech move heavily, and encourage far more competition . This has led to the Chinese Yuan outperforming Euro and Yen, but not translated into better equity performance. Macro trading, as far as this old man now understands it, was the result of US technology propagating across the world, and in some cases, like Germany and Japan, taking this technology and improving it . This led to shifts in currencies, interest rates and growth rates. But new technology has led to a shift back to the US. In areas like cloud computing or social media, its hard to see that shifting back to Europe or Japan without government intervention. In EV, we can see that China has probably already stolen a march on Europe and Japan, and is already squeezing Tesla in China. China already has used government intervention to keep cloud computing and social media in domestic hands. Using tech changes to think about macro changes means I think we only see big changes in markets when Europe and Japan get serious about industrial policy. For that, they need strongman politicians, and not the lawyer/banker politicians we have now. That transition is beginning in my view (Germany, France and Japan all going through political transitions). As my university course taught me, the country that can break down the old industries to allow new industries to thrive will be the ones to buy. Macro is a now a tech and political question - something old macro investors are not good at. There is no country for old macro.

NEW YORK (AP) — U.S. stock indexes drifted lower following some potentially discouraging data on the economy. The S&P 500 fell 0.5% Thursday, its third loss in the last four days. The Dow Jones Industrial Average fell 0.5%, and the Nasdaq composite dropped 0.7% from its record set the day before. A report earlier in the morning said more U.S. workers applied for unemployment benefits last week than forecast. A separate update showed that inflation at the wholesale level was hotter last month than economists expected. Adobe sank after issuing weaker-than-expected financial forecasts. Treasury yields rose in the bond market. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. NEW YORK (AP) — U.S. stock indexes are drifting lower Thursday following some potentially discouraging data on the economy . The S&P 500 slipped 0.3%, potentially on track for its third loss in the last four days. That would count as a stumble amid a big rally that’s carried the index toward the close of one of its best years of the millennium . The Dow Jones Industrial Average fell 154 points, or 0.4%, as of 1:45 p.m. Eastern time, and the Nasdaq composite fell 0.3% from its record set the day before. A report earlier in the morning said more U.S. workers applied for unemployment benefits last week than expected. A separate update, meanwhile, showed that inflation at the wholesale level, before it reaches U.S. consumers, was hotter last month than economists expected. Neither report points to imminent disaster, but they tug at one of the hopes that’s driven the S&P 500 to 57 all-time highs so far this year : Inflation is slowing enough to convince the Federal Reserve to keep cutting interest rates, while the economy is remaining solid enough to stay out of a recession. Of the two reports, the weaker update on the job market may be the bigger deal for the market, according to Chris Larkin, managing director, trading and investing, at E-Trade from Morgan Stanley. A surge in egg prices may have been behind the worse-than-expected inflation numbers. “One week doesn’t negate what has been a relatively steady stream of solid labor market data, but the Fed is primed to be sensitive to any signs of a softening jobs picture,” he said. Traders see it as a near-certainty that the Fed will cut its main interest rate at its meeting next week. If they’re correct, it would be a third straight cut by the Fed after it began lowering rates in September from a two-decade high. It’s hoping to support a slowing job market after getting inflation nearly all the way down to its 2% target. Lower rates would give a boost to the economy and to prices for investments, but they could also provide more fuel for inflation. A cut next week would have the Fed following other central banks, which eased rates on Thursday. The European Central Bank cut rates by a quarter of a percentage point, as many investors expected, and the Swiss National Bank cut its policy rate by a steeper half of a percentage point. Following its decision, Switzerland’s central bank pointed to uncertainty about how U.S. President-elect Donald Trump’s victory will affect economic policies, as well as about where politics in Europe is heading. Trump has talked up tariffs and other policies that could upend global trade. He rang the bell marking the start of trading at the New York Stock Exchange on Thursday to chants of “USA.” On Wall Street, Adobe fell 13.5% despite reporting stronger profit for the latest quarter than analysts expected. The company gave forecasts for profit and revenue in its upcoming fiscal year that fell a bit shy of analysts’. Warner Bros. Discovery soared 15.6% after unveiling a new corporate structure that separates its streaming business and film studios from its traditional television business. CEO David Zaslav said the move "enhances our flexibility with potential future strategic opportunities,” raising speculation about a spinoff or sale. Kroger rose 2.5% after saying it would get back to buying back its own stock now that its attempt to merge with Albertsons is off . Kroger’s board approved a program to repurchase up to $7.5 billion of its stock, replacing an existing $1 billion authorization. In stock markets abroad, European indexes held relatively steady following the European Central Bank’s cut to rates. Asian markets were stronger. Indexes rose 1.2% in Hong Kong and 0.8% in Shanghai as leaders met in Beijing to set economic plans and targets for the coming year. South Korea’s Kospi rose 1.6% for its third straight gain of at least 1%, as it pulls back following last week’s political turmoil where its president briefly declared martial law. In the bond market, the 10-year U.S. Treasury yield rose to 4.31% from 4.27% late Wednesday. The two-year Treasury yield, which more closely tracks expectations for the Fed, rose to 4.18% from 4.16%. ___ AP Business Writers Matt Ott and Elaine Kurtenbach contributed. Stan Choe, The Associated Press

Stock market today: Wall Street drifts lower after weak signals on the economyBy Amy Tennery NEW YORK (Reuters) – The FBI has warned the NBA that many recent home burglaries targeting professional athletes and high net worth individuals may be connected to sophisticated, transnational theft rings, the league said in a memo obtained by Reuters on Friday. Two players in the NBA had their homes broken into in recent weeks, according to media reports, along with the NFL’s twice MVP Patrick Mahomes and his Kansas City Chiefs teammate Travis Kelce, who is dating pop superstar Taylor Swift. The memo, which the NBA directed to teams across the league, advised that players should install updated security systems and utilize protective guard services when they are away from home for extended periods of time. “NBA Security received a briefing from the Federal Bureau of Investigation (‘FBI’) that connected many of the home burglaries to transnational South American Theft Groups (‘SATGs’),” the memo read. “These SATGs are reportedly well-organized, sophisticated rings that incorporate advanced techniques and technologies, including pre-surveillance, drones, and signal jamming devices.” The FBI said that the homes that were broken into were all unoccupied and, in most cases, were equipped with alarm systems that had not been activated, according to the memo. The FBI did not immediately respond to a request for comment. The memo is similar in nature to a document that the NFL sent this week, in which the league advised players to ramp up home security. Around-the-clock media reports and team schedules make it easy to know when players are on the road for extended periods of time and the NFL urged players to exercise caution in what they post to social media. The NFL said that surveillance tactics included attempted home deliveries and individuals posing as joggers or home maintenance workers. (Reporting by Amy Tennery in New York, additional reporting by Sarah Lynch in Washington, D.C.) Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content. var ytflag = 0;var myListener = function() {document.removeEventListener('mousemove', myListener, false);lazyloadmyframes();};document.addEventListener('mousemove', myListener, false);window.addEventListener('scroll', function() {if (ytflag == 0) {lazyloadmyframes();ytflag = 1;}});function lazyloadmyframes() {var ytv = document.getElementsByClassName("klazyiframe");for (var i = 0; i < ytv.length; i++) {ytv[i].src = ytv[i].getAttribute('data-src');}} Save my name, email, and website in this browser for the next time I comment. Δ document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() );

Corporate leader Kishan Nanayakkara featured in 2024 APAC Leading Lights listFlorida-Based International Transactions Team Joins Ice Miller to Launch New Miami OfficeWould you pay $700 a night to sleep under the stars at this Colorado resort?

BOULDER, Colo. — Travis Hunter is a throwback-type player — an elite receiver one moment, a lockdown cornerback the next — who rarely leaves the field and has a knack for making big plays all over it. The Colorado Buffaloes' two-way standout (see: unicorn) even celebrates at an elite level, unveiling imaginative dance moves following touchdowns and interceptions, some of which include the Heisman Trophy pose. It's one of the many awards he's in line to win. Hunter is the The Associated Press college football player of the year, receiving 26 of 43 votes Thursday from a panel of AP Top 25 voters. Boise State tailback Ashton Jeanty finished second with 16 votes and Arizona State running back Cameron Skattebo received one vote. "Couldn't do what I do without my team," Hunter said in an email on a trip to Las Vegas for an awards ceremony. "So I view being up for these awards as team awards." A player with his particular set of skills doesn't come around that often. He's a flashback to the days of Charles Woodson at Michigan or Champ Bailey at Georgia. Or even his coach, Deion Sanders, a two-way star in the NFL. The prospect of significant playing time on both sides of the ball is what led Hunter to join Sanders at Jackson State and why he followed Sanders to Boulder. "Coach Prime was the only coach who would consider allowing me to do what I'm doing," said Hunter, who's expected to be a top-five pick next spring in the NFL draft, possibly even the No. 1 overall selection. "He did it and knows what it takes — how much you have to be ready on both sides of the ball." Want to fuel Hunter? Simply tell him he can't. "I'm motivated when people tell me I can't do something," Hunter said. "That I can't dominate on both sides of the ball. I want to be an example for others that anything is possible. Keep pursuing your dreams." Hunter helped the 20th-ranked Buffaloes to a 9-3 record this season and a berth in the Alamo Bowl against No. 17 BYU (10-2) on Dec. 28. He played 688 defensive snaps and 672 more on offense — the lone Power Four conference player with 30-plus snaps on both sides of the ball, according to Colorado research. Hunter has already won a second straight Paul Hornung award as the game's most versatile player. He's up for the Walter Camp (player of the year), Maxwell (most outstanding player), the Biletnikoff (best receiver) and Bednarik (top defensive player) awards. And, of course, the Heisman, where he's the odds-on favorite to win over Jeanty this weekend. Hunter can join the late Rashaan Salaam as the only Colorado players to capture the Heisman. Salaam won it in 1994 after rushing for 2,055 yards. Hunter wasn't a finalist for the Jim Thorpe Award, which goes to the nation's top defensive back. That drew the wrath of Sanders, who earned the award with Florida State in 1988 and vowed to give his trophy to Hunter. Hunter's high school coach, Lenny Gregory, knew he had a special player the summer of Hunter's freshman year. Gregory, then the coach at Collins Hill in Georgia, had a conditioning test for his players — run six 200-yard dashes with a minute rest in between. Defensive backs had to complete each in under 32 seconds. Hunter never even got winded. He played safety/cornerback and receiver as a freshman and helped Collins Hill to a state title his senior season. "I remember just talking to colleges the spring of his ninth-grade year and telling coaches that this kid's going to be the No. 1 player in the country," recounted Gregory, who's now the coach at Gordon Central High in Calhoun, Georgia. "They'd look at him and laugh at me, 'What are you talking about? This scrawny kid? He's not big enough.' I was like, 'Just watch. Just watch.'" Hunter finished the regular season with 92 catches for 1,152 yards and 14 touchdowns as a receiver. On defense, he had four interceptions, broke up 11 passes and forced one crucial fumble, which secured an OT win over Baylor. Overall, Hunter had 92 receptions and allowed 22. He hauled in 14 receiving TDs and allowed just one. He was responsible for 53 first downs and gave up just six. He was targeted 119 times by Shedeur Sanders & Co. but only 39 times by opposing QBs. Hunter's likely final game in Boulder, a rout of Oklahoma State, was a three-touchdown, one-interception performance. "I'm used to seeing him do all this spectacular stuff," Shedeur Sanders said. "I'm used to all this stuff — you all are just now seeing it on national stage."How To Watch NZ vs ENG 3rd Test 2024 Day 1 Free Live Streaming Online? Get Free Telecast Details of New Zealand vs England Match on TVChuck Woolery, smooth-talking game show host of 'Love Connection' and 'Scrabble,' dies at 83

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