3 No-Brainer Fintech Stocks to Buy Right Now for Less Than $1,000The world's most climate-imperilled nations stormed out of consultations in protest at the deadlocked UN COP29 conference Saturday, as simmering tensions over a hard-fought finance deal erupted into the open. Diplomats from small island nations threatened by rising seas and impoverished African states angrily filed out of a meeting with summit hosts Azerbaijan over a final deal being thrashed out in a Baku sports stadium. "We've just walked out. We came here to this COP for a fair deal. We feel that we haven't been heard," said Cedric Schuster, the Samoan chairman of the Alliance of Small Island States (AOSIS). An unpublished version of the final text circulating in Baku, and seen by AFP, proposes that rich nations raise to $300 billion a year by 2035 their commitment to poorer countries to fight climate change. COP29 hosts Azerbaijan intended to put a final draft before 198 nations for adoption or rejection on Saturday evening, a full day after the marathon summit officially ended. But, in a statement, AOSIS said it had "removed" itself from the climate finance discussions, demanding an "inclusive" process. "If this cannot be the case, it becomes very difficult for us to continue our involvement here at COP29," it said. Sierra Leone's climate minister Jiwoh Abdulai, whose country is among the world's poorest, said the draft was "effectively a suicide pact for the rest of the world". An earlier offer from rich nations of $250 billion was slammed as offensively low by developing countries, who have demanded much higher sums to build resilience against climate change and cut emissions. UK Energy Secretary Ed Miliband said the revised offer of $300 billion was "a significant scaling up" of the existing pledge by developed nations, which also count the United States, European Union and Japan among their ranks. At sunset, a final text still proved elusive, as harried diplomats ran to-and-fro in the stadium near the Caspian Sea searching for common ground. "Hopefully this is the storm before the calm," said US climate envoy John Podesta in the corridors as somebody shouted "shame" in his direction. Earlier, the EU's climate commissioner Wopke Hoekstra said negotiators were not out of the woods yet. "We're doing everything we can on each of the axes to build bridges and to make this into a success. But it is iffy whether we will succeed," he said. Ali Mohamed, the Kenyan chair of the African Group of Negotiators, told AFP: "No deal is better than a bad deal." South African environment minister Dion George, however, said: "I think being ambitious at this point is not going to be very useful." "What we are not up for is going backwards or standing still," he said. "We might as well just have stayed at home then." The revised offer from rich countries came with conditions in other parts of the broader climate deal under discussion in Azerbaijan. The EU in particular wants an annual review on global efforts to phase out fossil fuels, which are the main drivers of global warming. This has run into opposition from Saudi Arabia, which has sought to water down a landmark pledge to transition away from oil, gas and coal made at COP28 last year. "We will not allow the most vulnerable, especially the small island states, to be ripped off by the new, few rich fossil fuel emitters," said German Foreign Minister Annalena Baerbock. Wealthy nations counter that it is politically unrealistic to expect more in direct government funding. The US earlier this month elected former president Donald Trump, a sceptic of both climate change and foreign assistance, and a number of other Western countries have seen right-wing backlashes against the green agenda. A coalition of more than 300 activist groups accused historic polluters most responsible for climate change of skirting their obligation, and urged developing nations to stand firm. The draft deal posits a larger overall target of $1.3 trillion per year to cope with rising temperatures and disasters, but most would come from private sources. Even $300 billion would be a step up from the $100 billion now provided by wealthy nations under a commitment set to expire. A group of developing countries had demanded at least $500 billion, with some saying that increases were less than met the eye due to inflation. Experts commissioned by the United Nations to assess the needs of developing countries said $250 billion was "too low" and by 2035 rich nations should be providing at least $390 billion. The US and EU have wanted newly wealthy emerging economies like China -- the world's largest emitter -- to chip in. China, which remains classified as a developing nation under the UN framework, provides climate assistance but wants to keep doing so on its own voluntary terms. bur-np-sct/lth/givWASHINGTON (AP) — Lawmakers, meet your latest lobbyists: online influencers from TikTok. The platform is once again bringing influencers to Washington, this time to lobby members of Congress to reject a fast-moving bill that would force TikTok's Beijing-based parent company to sell or be banned in the United States. On Tuesday, some influencers began a two-day advocacy event in support of TikTok, which arranged their trip ahead of a House floor vote on the legislation on Wednesday. But unlike a similar lobbying event the company put together last March when talks of a TikTok ban reached a fever pitch, this year’s effort appeared more rushed as the company scrambles to counter the legislation, which advanced rapidly on Capitol Hill. Summer Lucille, a TikTok content creator with 1.4 million followers who is visiting Washington this week, said if TikTok is banned, she “don’t know what it will do” to her business, a plus-sized boutique in Charlotte, North Carolina. “It will be devastating,” Lucille said in an interview arranged by the platform. In an unusual showing of bipartisanship, a House panel unanimously approved the measure last week. President Joe Biden has said he will sign the legislation if lawmakers pass it. But it’s unclear what will happen in the Senate, where several bills aimed at banning TikTok have stalled. The legislation faces other roadblocks. Former president and current presidential candidate Donald Trump, who holds sway over both House and Senate Republicans, has voiced opposition to the bill, saying it would empower Meta-owned Facebook, which he continues to lambast over his 2020 election loss. The bill also faces pushback from some progressive lawmakers in the House as well as civil liberties groups who argue it infringes on the First Amendment. TikTok could be banned if ByteDance, the parent company, doesn’t sell its stakes in the platform and other applications it owns within six months of the bill’s enactment. The fight over the platform takes place as U.S.-China relations have shifted to that of strategic rivalry, especially in areas such as advanced technologies and data security, seen as essential to each country’s economic prowess and national security. The shift, which started during the Trump years and has continued under Biden, has placed restrictions on export of advanced technologies and outflow of U.S. monies to China, as well as access to the U.S. market by certain Chinese businesses. The Biden administration also has cited human rights concerns in blacklisting a number of Chinese companies accused of assisting the state surveillance campaign against ethnic minorities. TikTok isn’t short on lobbyists. Its Beijing-based parent company ByteDance has a strong lobbying apparatus in Washington that includes dozens of lobbyists from well-known consulting and legal firms as well as influential insiders, such as former members of Congress and ex-aides to powerful lawmakers, according to the Foundation for Defense of Democracies. TikTok CEO Shou Zi Chew will also be in Washington this week and plans to meet with lawmakers, according to a company spokesperson who said Chew’s visit was previously scheduled. But influencers, who have big followings on social media and can share personal stories of how the platform boosted their businesses — or simply gave them a voice — are still perhaps one of the most powerful tools the company has in its arsenal. A TikTok spokesperson said dozens of influencers will attend the two-day event, including some who came last year. The spokesperson did not immediately respond to questions about how many new people would be attending this year’s lobbying blitz. The company is briefing them ahead of meetings with their representatives and media interviews. Lucille, who runs the boutique in North Carolina, says has seen a substantial surge in revenue because of her TikTok page. The 34-year-old began making TikTok content focusing on plus-sized fashion in March 2022, more than a decade after she started her business. She quickly amassed thousands of followers after posting a nine-second video about her boutique. Because of her popularity on the platform, her business has more online exposure and customers, some of whom have visited from as far as Europe. She says she also routinely hears from followers who are finding support through her content about fashion and confidence. JT Laybourne, an influencer who also came to Washington, said he joined TikTok in early 2019 after getting some negative comments on videos he posted on Instagram while singing in the car with his children. Laybourne, who lives in Salt Lake City, Utah, said he was attracted to the short-form video platform because it was easy to create videos that contained music. Like Lucille, he quickly gained traction on the app. He says he also received more support from TikTok users, who reacted positively to content he produced on love and positivity. Laybourne says the community he built on the platform rallied around his family when he had to undergo heart surgery in 2020. Following the surgery, he said he used the platform to help raise $1 million for the American Heart Association in less than two years. His family now run an apparel company that gets most of its traffic from TikTok. “I will fight tooth-and-nail for this app,” he said. But whether the opposition the company is mounting through lobbyists or influencers will be enough to derail the bill is yet to be seen. On Tuesday, House lawmakers received a briefing on national security concerns regarding TikTok from the FBI, Justice Department and intelligence officials. AP Journalist Didi Tang contributed to this report. This story was originally published on March 12, 2024. It was updated on December 23, 2024 to clarify a quote by TikTok content creator Summer Lucille.
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The Darnold-Jefferson connection is thriving for the surging Vikings( MENAFN - The Conversation) As we enter the holiday season many young people are no doubt beginning to consider their future options. With a range of paths to pursue, a high rate of youth unemployment in Canada and a higher education sector facing unprecedented challenges it may seem logical to wonder if university is worth it. In my role as president of York University I see these issues play out every day in the lives of my students and faculty. However, I can say with certainty that, yes, university is worth it for both students and society. And while you might think that I might be biased, there is real data to back it up. Simply put, going to university enriches both students and society over the long term. We must ensure that students and universities are supported to help ensure as broad access as possible. While many students entering the market fresh out of university will make entry-level wages, the reality is that over the longer term their earning potential has more room to expand . Those with a bachelor's degree earn 24 per cent more than the national average. The more education, the higher the earning potential. Students with a university degree are more likely to have stable employment even amidst economic disruption, as the COVID-19 pandemic revealed . Graduates are also more likely to gain employment that offers a wider range of benefits. Simply put, an education increases one's chances of finding fulfilling employment and living a longer and healthier life. Read more: Colleges' career success stats don't tell the whole story about how their graduates are doing after they get their degree Beyond individual benefits, there are also key benefits to society. Canada . Further research has shown that education is central to a healthy, democratic society To quote Nelson Mandela:“education is the most powerful weapon which you can use to change the world .” The world faces a host of wicked problems ranging from economic inequality to climate change, geopolitical conflict and ongoing wars. Universities and graduates play a key role in addressing these challenges. Technology is not going away and it is not slowing down. A recent study revealed that the jobs of more than 60 per cent of Canadians may be at risk to AI . Moreover, an estimated one out of 10 employees in Canada could be at a high risk of automation-related job redundancy. Canada's already volatile job market will continue to be impacted. Those with higher levels of education are the best equipped to benefit from technologies in ways that complement the work they do . Graduates are also more likely to have the transferable skills needed to withstand workforce disruption. According to the OECD , AI technologies pose less of a risk for highly-skilled workers. In fact, their jobs are less likely to be replaced by automation because they possess the critical thinking skills needed to provide oversight to tasks that use AI and automation. While these technologies are sophisticated and becoming even more so each day, they currently cannot replicate human cognitive, critical and decision-making skills. There is also compelling research that shows students with higher education are more likely to pursue continuing education to upgrade and reskill, a quality that makes students more agile in a shifting labour market. Universities have also been increasing micro-credentials , programs which help learners re-skill while they are holding employment and balancing familial obligations, to support lifelong learning and build a more resilient Canadian workforce. Read more: I got generative AI to attempt an undergraduate law exam. It struggled with complex questions If Canada is to meet the expanding needs of students and of the country then we must invest now in higher education. Access is something I worry deeply about to ensure that we are not leaving any talent behind. Data from the 2017 National Survey of Engagement indicates that 48 per cent of first- and fourth-year undergrad students at York came from households where neither parent held a bachelor's degree. What's more, York's 2020 Economic and Social Impact Report revealed that 59 per cent of students could not have attended university without financial support. Creating accessible educational opportunities for diverse learners to develop responsive skills is critical for a vibrant future workforce and for resilient communities. York and other universities in Canada have a good track record for this. At the same time, social mobility and productivity have been declining in Canada in recent years . Continuing to ensure that eligible students have access to university education including at the graduate level is imperative to address these trends. The significant numbers of Canadian students leaving the country to study medicine overseas while Canada is facing a significant gap in primary care physicians is just one example . These are troubling trends which Canadian universities are committed to addressing. Read more: Waiting for exam results can be awful. Our research shows how best to manage the stress While the commitment and innovation of universities is evident, the unfortunate truth is that universities across much of Canada have seen a steady decline in real dollar funding for years. In Ontario, recommendations from the government's blue-ribbon panel strongly advocated for the urgent increase in financial support for universities . To meet the changes in Canada's labour market, universities have developed new programs to meet the talent needs in areas such as science, technology, engineering and health . We have also worked to enhance access through flexible teaching formats and strengthened international and cross-sector research collaborations to tackle complex societal problems . Universities have also increased supports for students including activities to help them connect with careers and become more entrepreneurial and efficient . In short, universities in Canada are one of the country's most important assets. If we are to continue delivering the high-quality education for which we are known and serving the needs of the communities who rely on us, especially given fierce global competition for talent, it is essential that we secure a financially sustainable model for universities. Canada's high youth unemployment has many people anxious about how they will fare in a job market that bears a striking resemblance to the Hunger Games. Expanding employment opportunities is necessary and will require collaboration across all sectors. But the data are clear. A university education will provide our youth with a running start and the ability to adapt as they go. MENAFN23122024000199003603ID1109025350 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
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