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The Detroit Lions will play without two high draft picks in rookie cornerbacks Terrion Arnold and Ennis Rakestraw Jr. while possibly getting back veteran Emmanuel Moseley against the host Indianapolis Colts on Sunday. Arnold was downgraded Saturday from questionable to out because of a groin injury. He was limited at practice on Thursday and participated in a full practice on Friday. The Lions drafted Arnold with the 24th overall pick of the 2024 NFL Draft out of Alabama. Arnold, 21, has started all 10 games and has 38 tackles and six passes defended. Rakestraw (hamstring) was placed on injured reserve after not practicing all week. He already had been ruled out for Sunday's game. Detroit picked Rakestraw in the second round (61st overall) out of Missouri. He has played in eight games and has six tackles. Rakestraw, 22, has played on 46 defensive snaps (8 percent) and 95 special teams snaps (42 percent). Moseley had full practice sessions all week and was activated from injured reserve on Saturday but was listed as questionable for Sunday. The 28-year-old is in his second season with Detroit and appeared in one game last season before going on IR in October 2023. He was placed on IR on Aug. 27 with a designation to return. Moseley played from 2018-22 for the San Francisco 49ers and had 162 tackles, four interceptions -- one returned for a touchdown -- and 33 passes defensed in 46 games (33 starts). Detroit elevated linebacker David Long on Saturday for game day. Long, 28, signed with the practice squad on Tuesday after the Miami Dolphins released him on Nov. 13. He had started six of eight games for the Dolphins this season and had 38 tackles. In other Lions news, the NFL fined wide receiver Jameson Williams $19,697 for unsportsmanlike conduct for making an obscene gesture during a touchdown celebration in last Sunday's 52-6 home win over the Jacksonville Jaguars, the NFL Network reported Saturday. Williams, 23, scored on a 65-yard pass from Jared Goff with 12:55 remaining in the third quarter. --Field Level Media
By KELVIN CHAN LONDON (AP) — After a sprawling hacking campaign exposed the communications of an unknown number of Americans, U.S. cybersecurity officials are advising people to use encryption in their communications. Related Articles Technology | Nearly half of US teens are online ‘constantly,’ Pew report finds Technology | US updates a science and technology pact with China to reflect growing rivalry and security threats Technology | North Korean nationals indicted in scheme using IT workers to funnel money for weapons programs Technology | TikTok files challenge against Canadian government order to dissolve its business in the country Technology | California to consider requiring mental health warnings on social media sites To safeguard against the risks highlighted by the campaign, which originated in China, federal cybersecurity authorities released an extensive list of security recommendations for U.S. telecom companies — such as Verizon and AT&T — that were targeted. The advice includes one tip we can all put into practice with our phones: “Ensure that traffic is end-to-end encrypted to the maximum extent possible.” End-to-end encryption, also known as E2EE, means that messages are scrambled so that only the sender and recipient can see them. If anyone else intercepts the message, all they will see is a garble that can’t be unscrambled without the key. Law enforcement officials had until now resisted this type of encryption because it means the technology companies themselves won’t be able to look at the messages, nor respond to law enforcement requests to turn the data over. Here’s a look at various ways ordinary consumers can use end-to-end encryption: Officials said the hackers targeted the metadata of a large number of customers, including information on the dates, times and recipients of calls and texts. They also managed to see the content from texts from a much smaller number of victims. If you’re an iPhone user, information in text messages that you send to someone else who also has an iPhone will be encrypted end-to-end. Just look for the blue text bubbles, which indicate that they are encrypted iMessages. The same goes for Android users sending texts through Google Messages. There will be a lock next to the timestamp on each message to indicate the encryption is on. But there’s a weakness. When iPhone and Android users text each other, the messages are encrypted only using Rich Communication Services, an industry standard for instant messaging that replaces the older SMS and MMS standards. Apple has noted that RCS messages “aren’t end-to-end encrypted, which means they’re not protected from a third party reading them while they’re sent between devices.” Samsung, which sells Android smartphones, has also hinted at the issue in a footnote at the bottom of a press release last month on RCS, saying, “Encryption only available for Android to Android communication.” To avoid getting caught out when trading texts, experts recommend using encrypted messaging apps. Privacy advocates are big fans of Signal, which applies end-to-end encryption on all messages and voice calls. The independent nonprofit group behind the app promises never to sell, rent, or lease customer data and has made its source code publicly available so that it can be audited by anyone to examine it “for security and correctness.” Signal’s encryption protocol is so reputable that it has been integrated into rival WhatsApp , so users will enjoy the same level of security protection as Signal, which has a much smaller user base. End-to-end encryption is also the default mode for Facebook Messenger , which like WhatsApp is owned by Meta Platforms. Telegram is an app that can be used for one-on-one conversations, group chats and broadcast “channels” but contrary to popular perception, it doesn’t turn on end-to-end encryption by default. Users have to switch on the option. And it doesn’t work with group chats. Cybersecurity experts have warned people against using Telegram for private communications and pointed out that only its opt-in ‘secret chat’ feature is encrypted from end-to-end. The app also has a reputation for being a haven for scammers and criminal activity, highlighted by founder and CEO Pavel Durov’s arrest in France . Instead of using your phone to make calls through a wireless cellular network, you can make voice calls with Signal and WhatsApp. Both apps encrypt calls with the same technology that they use to encrypt messages. There are other options. If you have an iPhone you can use Facetime for calls, while Android owners can use the Google Fi service, which are both end-to-end encrypted. The only catch with all these options is that, as with using the chat services to send messages, the person on the other end will also have to have the app installed. WhatsApp and Signal users can customize their privacy preferences in the settings, including hiding IP address during calls to prevent your general location from being guessed. Is there a tech topic that you think needs explaining? Write to us at onetechtip@ap.org with your suggestions for future editions of One Tech Tip.Walmart’s DEI rollback signals a profound shift in the wake of Trump’s election victory
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A major piece of LeBron and Bronny James history is up for grabs ... with the jerseys the father-son duo wore in their season-opening game hitting the auction block TOGETHER -- and, yeah, they ain't gonna come cheap. The one-of-a-kind memorabilia set is available via Sotheby's ... and has already reached $70,000 with almost two weeks left for bidding. Both jerseys are believed to have been worn for the Lakers' first game of the 2024-25 campaign against the Minnesota Timberwolves on Oct. 22 ... which L.A. won 110-103. LeBron scored 16 points in the contest ... adding four assists and five rebounds. While LeBron's threads were authenticated with visuals from the night, Bronny’s jersey is a bit more complicated -- it was photo-matched to the second half of the opener ... but with the lack of photos of the 20-year-old without his warmups on prior to the game, it is unknown if it was the same one he wore during his historic moment with his father. The jersey has "First Game 2D Half 10/22" written on the jock tag ... so chances are, he swapped unis during halftime -- and the jersey in this auction is not the exact one he wore when he entered the game in the second quarter. The James duo also wore these jerseys in other appearances ... including media day and preseason matchups. Game-worn LeBron jerseys are popular on the auction block ... with one even selling for $3 million. As for Bronny, his Summer League debut top had a price tag of over $38k. The auction will close on December 4 ... so fans of the James Gang have a bit of time to scrap together some dough.Gaetz withdraws as Trump's pick for attorney general, averting confirmation battle in the Senate
The San Carlos City Council voted unanimously on Monday evening to pass a resolution of “no confidence” in embattled San Mateo County Sheriff Christina Corpus , a move that follows the release of a scathing 400-plus page independent audit that details allegations of corruption and misconduct, fueling growing calls for her resignation. San Carlos, a city of about 29,000 residents, is one of five in San Mateo County that contract police services from the sheriff’s office. It is the first among them to pass a no-confidence vote against Corpus. The other cities with similar contracts include Millbrae, Woodside, Portola Valley, and Half Moon Bay. “They respond to our worst days, and it’s a tough job. They’re calling for help,” said Jeff Maltbie, San Carlos city manager. “If these were our own city staff, we could address the issue directly. But since they’re not our employees, we can only amplify their voices with another microphone, another outlet.” The council said the resolution is focused solely on Corpus’ leadership and that it continues to have confidence in Mark Myers, the city’s chief of police and one of Corpus’ captains who has formally called for her to step down. “I remain fully confident in Chief Myers and the deputies who serve and protect San Carlos every day,” Mayor John Dugan said. According to documents from San Mateo County, San Carlos was charged $12 million for police services from July 2023 to June 2024 . The contract with the sheriff’s office, continuously renewed since 2010, covers police management, patrol, investigations, traffic enforcement, as well as community and school services, among other responsibilities. Prior to Monday night’s council meeting, the Organization of Sheriff Sergeants of San Mateo County, which represents sergeants and lieutenants, announced a vote of no confidence in Corpus and her remaining executive team, including Chief of Staff Dan Perea and Victor Aenlle. “This decision is not the result of some ‘good old boys’ club’ or subversive efforts by an ‘entrenched resistance,'” the organization said in a press release Monday. “Rather, it reflects the collective opinion of the frontline leadership of the sheriff’s office, a diverse group of experienced law enforcement professionals. We have reviewed the report by the Honorable LaDoris Cordell, which outlines the racism, homophobia, and corruption linked to this Sheriff and her administration.” Aenlle is a key figure in much of the alleged misconduct outlined in Cordell’s report, including an alleged inappropriate relationship with Corpus, a claim they both deny. Last Thursday, San Mateo County Supervisor Ray Mueller revealed a bombshell memo from Corpus’ second-in-command, Perea, detailing an alleged scheme to conceal weapons stored in the department’s executive office . The memo, dated Nov. 14, was sent just two days after the publication of Cordell’s report, which claimed that Aenlle, Corpus’ former chief of staff, had improper access to three rifles equipped with silencers. The report noted that, as a civilian, Aenlle’s possession of the rifles could constitute a felony offense. In his first public interview, Aenlle, who was previously in the real estate and private security and investigations business, denied all the findings in Cordell’s report. He claimed that the 40 people interviewed for the report were supporters of former Sheriff Carlos Bolanos, whom Corpus unseated in 2022. “A few of them are scared for their jobs because if you don’t kiss the ring in this county, they’ll push you out immediately,” Aenlle told ABC 7 News. Last week, San Mateo County Supervisors voted to put a measure on the ballot next year that would give the county authority to remove an elected sheriff from office until 2028, the end of Corpus’ term. This is only one of three methods being explored by county officials to remove Corpus from office. In addition to granting supervisors the authority to remove a sheriff, a recall election and a civil grand jury were among the mechanisms discussed. In a letter dated Tuesday, Corpus described efforts to oust her as “polarizing” and reiterated her refusal to step down. “While these past weeks have been tough, I remain committed to fulfilling the responsibilities I swore to uphold,” Corpus wrote. Corpus said that she is “moving forward” with a restructured leadership team, which, alongside Perea, will focus on “restoring internal and external relationships” while advancing strategic initiatives. “I have every confidence in the new leadership team to oversee our daily operations and foster a culture of accountability and respect,” she said. The letter made no mention of Aenlle, whom she promoted to assistant sheriff earlier this month. San Carlos resident Liz Lange said Monday she was against any action that would overstep voters, who elected Corpus into office. “I urge the council not to take a stance or position and not adopt,” Lange said. “It’s not for the council to decide, but for voters to decide. County supervisors are trying to remove the sheriff themselves. This is meant to circumvent the voters, undermining our democracy.” Lange said Corpus’ removal should “solely be left to the people who hired the sheriff — the voters.” San Carlos Councilmember Ron Collins, however, warned that the longer the controversy continues with Corpus refusing to step down, the more public trust will be eroded. “The findings by Cordell are serious and undeniable,” Collins said. “The sheriff continues to deny any wrongdoing or offer contrition. ... I’ve seen enough, and it’s time for her to acknowledge the damage being done to public trust, safety, and the county’s finances.”
Riley scores 18, Utah Tech beats Denver 68-54the assistant running backs coach, has one of the most inspiring stories in the . Despite losing his right arm in a tragic accident as a child, Ellett defied the odds to become a celebrated athlete and now works alongside legendary figures like and . His journey is a testament to resilience, determination, and a touch of humor, making it one of the most remarkable tales in professional football. After enduring years of pain and limited mobility, made a life-changing decision at age 16 to amputate his non-functional arm. This courageous step freed him to focus on excelling in sports and life without physical constraints. His high school years showcased his resilience: excelled in basketball and baseball, earning district MVP honors and first-team all- recognition. His success against all odds earned him national acclaim and inspired everyone who witnessed his journey. From Utah to the NFL A chance connection with ' head coach marked the beginning of career. son-in-law introduced the two, and , impressed by determination, invited him to join the organization in 2017 as his personal assistant. hard work quickly paid off. By 2020, he was promoted to offensive quality control coach, and in 2022, he became the assistant running backs coach. His contributions have been pivotal in the ' offensive strategies and player development. A special bond with Patrick Mahomes influence extends beyond coaching. He shares a unique connection with quarterback , helping him warm up before every game despite having only one arm. credits positivity and drive as an inspiration to the entire team, even predicting that has the potential to become an head coach. An unstoppable force journey from a small town to the sidelines is a testament to resilience, grit, and unrelenting determination. His story inspires not just the but also countless fans who see him as proof that adversity can lead to greatness.
A recent advisory from the United States Surgeon General has made it clear — parents and caregivers are burned out. In a 2023 poll of more than 3,100 American parents, nearly 50 per cent reported experiencing debilitating levels of stress most days. Other recent surveys from Canada and the U.S. also found between 20 to 30 per cent of parents are experiencing moderate to severe levels of anxiety that could warrant a clinical diagnosis. When the tasks of the holidays are piled onto this baseline stress, it’s easy to see how the “season of joy” may feel more like the “season of overwhelm.” How can both our society as a whole and parents as individuals dial back the pressure? Structural changes are essential. But scientific insights about child development can also help parents prioritize what matters most and shift how they respond to things that may otherwise trigger anxiety. What’s causing parent stress? Much of what is making parents stressed these days is structural in nature: things are more expensive, it’s hard to find affordable child care, parents are more isolated, work is taking up more of parents’ time and children’s engagement with ever-evolving technology brings a range of serious health and safety concerns . These factors disproportionately affect parents who experience poverty, racism, violence or trauma. Addressing them will require substantial political and cultural shifts . But there are smaller factors to tackle as well. Parents today have more access to information than ever before. It’s not just a pediatrician or family member they can turn to for advice, but endless blogs, forums and social media platforms. While online sources can build community and confidence, they can also contribute to information overload as panic headlines and contradictory advice often compound parents’ feelings of anxiety and being overwhelmed. These platforms also tend to showcase idyllic situations that lead parents to create unhelpful comparisons and unrealistic expectations, contributing to feelings of shame and guilt . To counteract these feelings, it’s helpful to remember a few things: children’s development is influenced by many things parents can’t control, there are many benefits to imperfect parenting and independent play and parent wellness matters more than most else. 1. It’s more than just parenting It’s common for people who haven’t experienced discrimination or unexpected challenges to attribute children’s behaviours and outcomes to parents’ choices and efforts. This is an example of “attribution bias,” a bias towards a particular kind of explanation . Developmental science helps dispel this bias by highlighting that children’s development is influenced by many factors other than parenting and beyond parents’ control. First among these is genetics. For example, twin studies have found that genetic factors explain 57-76 per cent of child/adolescent mental illness, 60-84 per cent of picky eating and 60-85 per cent of school achievement. Another is exposure to adverse or positive experiences , such as witnessing violence or being supported by friends and non-parental adults. These types of experiences have substantial effects on children’s physical and mental health. But they are inequitably distributed, based on factors such as income and race . There are big differences in children’s temperaments and how they respond to their environments . The same parenting strategy applied to two different children can lead to two very different outcomes, as you may have observed in siblings. This is why the next time you catch yourself feeling shame or judgment about a child’s behaviour, it’s important to remember parenting choices might not be to blame. 2. Parental imperfections are opportunities Psychologists and pediatricians often recommend certain parenting strategies to support children’s development. But rarely do these providers suggest parents must follow their advice 100 per cent of the time to achieve the desired effects. It’s what happens most of the time that matters. Even when parenting “imperfections” happen, like breaking routines or uncharacteristically snapping at children, they can be seen as opportunities. When “rupture” is followed up by “repair” in the form of acknowledgement, apologies, explanations and/or moments for restoring connection, it can benefit the parent-child attachment relationship and help children build their emotion-regulation skills. By using repair after the overwhelming moments that often happen during the holidays, parents can transform these moments from sources of shame to reasons for pride. 3. Benefits of independent play Over the past few decades, parents’ worries about children’s physical safety have grown , while children’s unsupervised play time has declined . Many parents are spending more time with their children , hovering or helicoptering over them rather than promoting independent play. No doubt, playing with the support of a responsive adult has many benefits for children’s learning and development . But when it comes to parent involvement in play, sometimes less is more. Research shows that unstructured play — play that isn’t organized by adults and doesn’t have defined goals — is a “ fundamental necessity ” for children’s well-being. Outdoor risky play has enormous benefits for children’s physical and mental health that outweigh many of the perceived safety risks. There are also many unique benefits of playing with peers for both academic and social skill development. With this in mind, if you are a parent who is regularly your child’s main playmate, it may be time to seek more opportunities to take a step back. The holidays can be a great time to start. 4. Parent well-being is paramount News and social media feeds are full of panic headlines that can make it seem that certain foods, toys or parenting habits are what make or break children’s life outcomes. It’s easy for parents consuming this media to feel anxious or even want to change their purchases or behaviours in response to every new study. But most headlines overstate the findings of weak studies or small effects. And if following the headlines comes at the cost of parental well-being, it could be doing more harm than good. This is because one of the most consistent and strongest predictors of children’s well-being is having safe, stable and nurturing relationships with caregivers — as both the Canadian and American Pediatric Societies have stated. Children need present and responsive caregivers more than they need any specific foods, presents or new parenting fads. This is why it may be worth considering what you can do to support yourself or other parents’ well-being this year. This could mean providing practical or social support to the parents around you or just making them feel heard and understood . With high parental stress , it’s more important than ever for everyone to replace judgment with empathy and advice with real support. And for parents, let’s try to distinguish what we can and can’t control, practise self-forgiveness in tough times, allow ourselves moments to do less and focus in on what matters most. It might help us experience more moments of joy in this holiday season and through all the seasons of parenthood. Nina Sokolovic has worked in several roles at non-profit and government organizations that support the well-being of children and parents, including her current as a Senior Policy Analyst in the Ontario Public Service. She previously received funding for her research from the Social Sciences and Humanities Research Council of Canada.
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.Kuwait City/New Delhi, Dec 21 (PTI) Prime Minister Narendra Modi has said that India and Kuwait share a deep and historic bond, asserting that the two nations are poised to transform their traditional buyer-seller relationship into a strategic partnership by exploring opportunities across the entire oil and gas value chain. Modi arrived in Kuwait on Saturday on a two-day visit, the first by an Indian prime minister in over four decades. Also Read | PM Modi Kuwait Visit: Prime Minister Narendra Modi Lauds Arabic Translator, Publisher of Ramayana, Mahabharata (See Pics). In an interview to the Kuwait News Agency (KUNA), Modi voiced willingness to help efforts that could lead to an early restoration of peace in Gaza and Ukraine, asserting solutions to such conflicts cannot be found in the battlefield. He emphasised the importance of sincere and practical engagement between the stakeholders for bridging differences and achieving negotiated settlements. Also Read | Belgium Incest Horror: Lacking Money to Hire Prostitutes, Couple Rape Their 4 Daughters '9 Times a Day' to Fulfil Threesome Fantasies; Jailed. Modi also reiterated India's support for a negotiated two-state solution towards the establishment of a sovereign, independent and viable state of Palestine within secure and recognised borders, according to the interview. With Kuwait standing as India's sixth largest crude supplier and fourth largest LPG supplier, Modi said the scope for further collaboration is immense as his country emerges as the third biggest global energy, oil and LPG consumer. Kuwait holds around 6.5 per cent of global oil reserves, he said. Modi said that the petrochemical sector offers another promising avenue for collaboration as India's rapidly growing petrochemical industry is set to become USD 300 billion by 2025. The energy partnership between the two countries is not only a pillar of economic relationship but also a driver for diversified and sustainable growth, setting a path towards a future of shared prosperity, he said. Modi described the Gulf Cooperation Council (GCC), an organisation of six Middle East countries, including Kuwait, having vital significance for India. India's relationship with the Gulf is rooted in historical, cultural and trade linkages, with the GCC region accounting for around one-sixth of India's total trade and hosting around one-third of the Indian diaspora, he said. Around nine million Indians residing in the region are contributing positively to its economic growth, he added. The prime minister said the Indian community acts as a living bridge between the two countries. Trade and commerce, which have been on an upswing, have served as important pillars of their bilateral relationship, he said. In the interview, he expressed happiness with 'Made in India' products, particularly in automobile, electrical and mechanical machinery and telecom sector, making inroads in Kuwait. He said India today is manufacturing world-class products at a most affordable cost, stressing that diversification to non-oil trade is key to achieving greater bilateral trade. Modi added that there is a considerable potential to expand bilateral cooperation in the pharmaceutical, health, technology, digital, innovation and textile sectors. India and Kuwait share a deep and historic bond and the relationship between both countries has always been one of warmth and friendship, he said, adding that the crosscurrents of history and exchanges through ideas and commerce have brought people close and together. The two countries have traded with each other since time immemorial, Modi said. Modi is set to meet the Emir, the Crown Prince, and the Prime Minister of Kuwait on Sunday. (This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)
India has skill, technology, manpower that ‘New’ Kuwait needs: PM ModiWith more than a billion dollars a year coming to combat homelessness from the newly passed Measure A, Los Angeles County is pursuing the creation of a brand new department tagged with providing homeless services, while consolidating power from other agencies and departments. The Los Angeles County Board of Supervisors voted 4-0 on Tuesday, Nov. 26, with Supervisor Holly Mitchell abstaining. The board action asks its chief executive officer to produce a report about how to create the new department, which would likely be the largest county department. A report on the feasibility of setting up a new county department, as well as how the department could be funded, staffed and operational, is due to the board in about two months. The report would also address accountability and contract management with homeless service providers. The report will look into streamlining the Los Angeles Homeless Services Authority (LAHSA), by requiring the authority to transfer programs to the new county department. LAHSA, a joint-powers agency between Los Angeles city and the county would retain “core functions” including organizing and performing the point-in-time Greater Los Angeles Homeless Count, and also providing emergency response outreach services to the unhoused. County CEO Fesia Davenport will also examine LAHSA’s staffing levels and how the new county department should be staffed to take on the work of many programs that would be transferred from LAHSA to the new county department. If the new department is created, LAHSA employees would get the first opportunity to apply for the county jobs, the motion stated. Third District Supervisor Lindsey Horvath, who sits on the LAHSA board, said the problems with LAHSA have continued for too long and now is the time for an organizational change in delivering homeless services in L.A. County. “Doing the same thing over and over and expecting different results doesn’t make sense,” she said. “We have an obligation to streamline programs and accelerate results.” Horvath emphasized that a new county department should have direct oversight over Measure A funds, which start flowing April 1, 2025, for homeless services and building affordable housing. She also wants to fold into the new department the homeless services activities in 15 county departments. “We need to integrate the system of care that can no longer remain siloed,” Horvath said. Los Angeles City Councilmember Monica Rodriguez has introduced a motion to establish a Department of Homelessness in the city of Los Angeles, reportedly to move away from relying on LAHSA for homeless services. Horvath said the city of L.A.’s similar action to move ahead with its own homeless services department indicated it was time for a change at the county level. The impetus to strip LAHSA of many functions comes as a result of a county audit with 16 findings, including LAHSA’s alleged inability to track the dollars to nonprofit providers, and also track the number of providers. The audit performed by the county’s Auditor-Controller’s Office released on Nov. 20 spells out numerous deficiencies in LAHSA’s fiscal practices. These include no agreements with partners for repaying cash advances from the county; failing to timely reimburse nonprofits in the field for services even when money was available; inadequate controls over contract reviews or cash payments; and inappropriate use of funds. The scope of the audit released last week was focused on LAHSA management and financial practices and did not examine the nonprofit service providers that also contract with the county, the supervisors noted. “Not only will a new county department centralize and streamline much of the county’s response to homelessness, it will also allow the county to implement adequate internal controls related to the use of county homelessness funds, including the new Measure A funds, ” the motion read. By limiting LAHSA’s role in homeless services, “there will be greater transparency, oversight, and accountability on the expenditure of public funds and the impacts of their measurable results,” the motion concluded. Va Lecia Adams Kellum, chief executive officer of LAHSA, told the board of supervisors that in the last 20 months she has worked to fix LAHSA’s problems. “We did restructure the finance department. We made significant changes to get to the bottom of the difficulties,” she said. Supervisor Mitchell opposed the creation of a new county homeless services department. She said she’d rather see the county focus on shoring up payments to service providers. She also noted the county has begun a new way of paying service providers faster, so they can keep their outreach services on the ground or even expand services, while ensuring more accountability. “I am not sure this is the time or it is truly efficient to make this transition, when there are other remedies to be put in place to make LAHSA more efficient in getting people housed,” Mitchell said. Fourth District Supervisor Janice Hahn expressed reservations about the idea. She urged Davenport to create a report that lists pros and cons. And she said she wanted the board to actually vote up or down on creating a new department after the report is delivered to the board and digested. “It is still a massive humanitarian crisis. Whether or not we replace one bureaucracy with another, I am not so sure about,” said Hahn, who voted yes on pursuing the idea.
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