
Light & Wonder, Inc. Announcement: If You Have Suffered Losses in Light & Wonder, Inc. (NASDAQ: LNW), You Are Encouraged to Contact The Rosen Law Firm About Your RightsNone
Gov. Walz presents this year's Minnesota Thanksgiving turkey
CrowdStrike beats Q3 estimates on cybersecurity demandDell Technologies: Fiscal Q3 Earnings Snapshot
'They can say what they like' - Tim Walter makes Hull City vow amid supporter backlash
House Republicans vote to block release of Gaetz ethics reportA fateful night in Monterey: Drinking, conservative banter, sexual assault allegations
RT’S SPANISH-LANGUAGE CHANNEL CELEBRATES 15 YEARS ON AIRSources say that 90 grams of Ganja was seized by the excise department. Excise department officials say that they found the banned substance in the possession while they were drinking at a secluded place in Thakazhi near Alappuzha. Alappuzha: Excise officials apprehended Kayamkulam MLA U Prathibha’s son and his gang for possession of marijuana today morning. The excise inspection happened while Kaniv and his team were consuming alcohol near Thakazhi Bridge. The officials also seized 3 grams of ganja from them. After registering a case, all were released on bail. MLA’s son Kaniv (21) and eight others were taken into custody by the Kuttanad excise team. Sources say that 90 grams of Ganja was seized by the excise department. Excise department officials say that they found the banned substance in the possession while they were drinking at a secluded place in Thakazhi near Alappuzha. Meanwhile, the MLA has denied the charges made against her son. Prathibha while speaking to a regional media said that her son Kaniv was hanging around with her friends and there was no ganja in his possession. “I am going to take legal steps against those media houses who spread misinformation about my son. There was no substances that was found with him. There is a major conspiracy behind this”, said Prathibha. Click for more latest Kerala news . Also get top headlines and latest news from India and around the world at News9. Vivek Narayanan is currently working in TV9 Network as a Special Correspondent contributing towards the various developments in Kerala covering all domains ranging from local issues, sports to political developments. Sports, especially football, is one sport he always look to cover and discuss. He has nearly 10 years of experience in print, broadcast and digital journalism. His flair for socio-political developments, sports and environment kept him floating and hitched towards journalism. He is always looking for positive developments that while reported could make a difference in the life of people around. Latest NewsAmerica’s national debt would have horrified Ronald Reagan. When he inherited a nation on the cusp of an unnerving milestone of $1 trillion in debt in 1981, he described it as a problem that had grown “literally beyond our comprehension.” “We can leave our children with an unrepayable massive debt and a shattered economy, or we can leave them liberty in a land where every individual has the opportunity to be whatever God intended us to be,” Reagan said in his first televised address on the economy. Fast forward to the present, and America’s total federal debt burden recently eclipsed $36 trillion, bigger than the entire economy. Over the past four decades, brief stretches of deficit-cutting enthusiasm have been overwhelmed by a largely bipartisan urge to overspend. Most surprising is how small a price we’ve paid for our improvidence. The children that Reagan worried about are now in their 40s and 50s, and they’ve fared much better than expected. Mortgage rates are less than half of the 1981 levels Reagan blamed on soaring debt, and inflation is about a quarter as high. Foreign creditors continue to turn out en masse to buy our bonds at auction and finance the deficit. What the 1980s deficit hawks didn’t quite appreciate was the extraordinary trust that creditors were already placing in America’s ability, as the world’s greatest economic and military force, to make good on its promises. In academic jargon, this faith is part of what’s often called the “exorbitant privilege.” Foreign entities around the world trade in dollars and save in interest-bearing U.S. Treasury securities, creating a permanent bid for American assets and driving down borrowing costs for the nation. The term dates to a critique from the 1960s by Valery Giscard d’Estaing, then finance minister of France and later president, that the U.S. had attained an unfair advantage. Since then, the exorbitant privilege has become even more ingrained in the global financial psyche as the U.S. emerged from the Cold War as the world’s premier superpower; its financial markets became deeper and more dominant; and inflation disappeared for 40 years. The exorbitant privilege allows us to spend above our means to, for instance, combat the potentially catastrophic economic effects of the COVID-19 pandemic. And it acts as a deterrent to adversarial nations who know that the U.S. can borrow its way to victory in any war of attrition. But this faith isn’t unshakeable. It hinges on investors’ ability to grasp the risks ahead and their confidence in the political system to restore fiscal balance before some crisis unfolds. That’s why the U.S. was able to avoid confronting the deficit problem for much of the 2010s. It’s also why the situation suddenly feels more perilous as we embark on yet another year of outsized budget shortfalls, overseen by a fractious Congress that hardly seems focused on finding ways to shrink the deficit. Our political leaders don’t need to balance the primary budget next year or the year after. But they need to set out a realistic path and a credible timeline. Before the U.S., the British had the world’s premier currency and bond market, and before them was the Dutch. Fiscal deterioration stripped both of that advantage. Many have long feared that China was positioning itself to seize the throne from the U.S., at least before its recent economic struggles. Others have speculated that cryptocurrency could unseat the buck, though Bitcoin is far too volatile, and the popular dollar-pegged “stablecoins” seem only to reinforce the greenback’s supremacy. In practice, bond vigilantes — as Ed Yardeni famously called the market’s fiscal scolds — have rebelled from time to time to protest reckless government policy. These spasms in the Treasury market have so far been short-lived, but the spending and inflation of the post-pandemic years have brought a fresh urgency to the question of how far that lenience will go. President Joe Biden’s administration forecasts that the federal budget deficit will be in excess of 6% of gross domestic product for a third straight year in 2025 — unprecedented at a time when the economy is thriving. The deficit ballooned to $1.83 trillion in the fiscal year ended Sept. 30, and net interest costs have more than doubled since 2020 to $882 billion. Ultimately, a country can keep its finances from completely unraveling if the rate at which it must borrow stays below economic growth, and the primary deficit is held at modest levels. Unfortunately, we can no longer count on low interest rates. An October assessment of Donald Trump’s campaign pledges from the Committee for a Responsible Federal Budget estimated that the president-elect’s agenda would add $7.75 trillion to the debt through 2035. Under those estimates, the extension and modification of the 2017 Tax Cuts and Jobs Act constitutes the biggest cost. Of course, much depends on Trump’s ability to find offsets and how the proposals affect economic growth. As recently as 2022, the bond market rose up to protest then-Prime Minister Liz Truss’s unfunded tax cut proposals for the U.K., sending yields soaring and setting in motion the collapse of her government. There’s also worry that Trump’s tariff and deportation plans could, if taken at face value, stall the disinflation trend and push up interest rates in a year when the U.S. has about $9 trillion of debt coming due. The massive task of refinancing maturing debt and plugging new shortfalls could test the world’s typically insatiable appetite for U.S. securities. The view from abroad For all America’s imperfections, there’s still no serious competitor in global currency and debt markets. Major foreign holdings of U.S. debt stood at a stunning $8.7 trillion as of September, about a third of Treasuries in the hands of the public, and of that roughly half is held by governments. The dollar also stands alone in foreign exchange. Some 90% of global foreign exchange transactions involve the U.S. currency, according to Bank of International Settlements data, with the euro a distant second. While the Chinese renminbi has made some gains, it’s partially come at the expense of the euro and the Japanese yen. The dollar is also the chosen currency for the majority of international debt issuance and loans and, while falling, it still accounts for well over half of the world’s official foreign exchange reserves. To the extent that it’s losing influence, it’s because a few upstarts have taken share at the margin — not because another dominant power is on the verge of unseating us. Still, many observers have worried that growing geopolitical tensions could lead to upheaval. After Russia invaded Ukraine, the U.S. and its allies froze about $300 billion in Russian assets held abroad, a step that could have the unintended consequence of leading other nations to rethink their savings in dollars. If unbridled enthusiasm for the greenback has been a symptom of decades of relative peace, rising tensions around the world could push the trend in the opposite direction. In an extreme scenario, perhaps no currency and debt would reign supreme, but the economic and financial world would instead splinter. Enter Trump, who has pledged to put “America first.” He’s signaled that he wants to avoid foreign military entanglements but also exhibits a brash negotiating style that could very well start some new ones. His top economic priority seems to be the empowerment of domestic manufacturing and exports (which would benefit from a weaker currency), yet he also assails foreign nations thinking of abandoning dollar-based trade. All in all, Trump represents a rare risk to the status quo — but it’s hard to pin down exactly what kind. On the optimistic end, Trump’s pick for Treasury secretary, Scott Bessent, is a hedge fund manager and economic historian well versed in the dangers of high and rising debt. Bessent suggested at a Manhattan Institute event in June that the U.S. still has a “last chance to grow our way out of this problem.” But while there is some evidence that the TCJA boosted investment and growth, it wasn’t enough to completely offset the fiscal cost. Even more important, the 2017 economy had space to accommodate the fiscal stimulus without sparking unwanted inflation. The 2025 economy, with its high deficits and low unemployment, simply doesn’t. The path ahead There are some familiar elements to the latest bout of debt worries. Like Reagan, Trump has made overtures about addressing the problem. He’s tapped Elon Musk, the world’s richest man, to lead a “Department of Government Efficiency,” which sounds similar to Reagan’s “Grace Commission,” headed by chemical industry tycoon J. Peter Grace. Much like Reagan did, Musk and sidekick Vivek Ramaswamy have floated plans to reduce federal payrolls, in their case by demanding that remote and hybrid workers return to their offices. Ramaswamy has said the strategy would prompt a quarter of federal workers to resign. But the Grace Commission ended mostly in disappointment. In 1984, it turned in a 23,000-page report with 2,478 ideas to make the government more efficient, claiming to have identified more than $420 billion in savings over three years by doing things as obvious as paying bills sooner. But the Congressional Budget Office and General Accounting Office found that many of the savings were exaggerated, and most others simply failed to garner sufficient enthusiasm in Congress. Ultimately, federal payrolls ended up growing during the Reagan administration. To be clear, at no point soon will the U.S. find itself unable to pay its debts. In a worst-case scenario, Congress’ routine antics around raising the debt ceiling may one day lead to an accidental default, and past episodes in 2011 and 2023 saw lawmakers engage in down-to-the-wire theatrics that led to the nation’s loss of its previously pristine credit ratings from S&P Global Ratings and Fitch Ratings. All of this could ultimately precipitate further credit-rating downgrades and lots of short-term hysteria, but it would be an example of the cavalier and selfish attitudes of our lawmakers, rather than a classic case of financial distress. It probably wouldn’t see America’s position in the world plummet, but it would add to a slow erosion of faith. Among other things, America has extraordinary underlying wealth. Japan is another developed nation that has famously struggled with high debt-to-GDP levels, but it also holds large positions in equities and other assets on its balance sheet, so its net liability position isn’t nearly as bad as meets the eye. The U.S. doesn’t directly invest in equities, but it boasts many of the world’s most exciting and innovative companies. After two years of exceptional gains, the market capitalization of all U.S.-traded companies is now about double the national debt. Any effort by the government to try to access that wealth — through taxes or any other means — would have severe consequences, but America’s creditors can take heart in knowing it’s there. More importantly, the U.S. can always print more money. If the government is going to knowingly punish its creditors, it would most likely be in the form of more inflation, effectively cheapening the value of their bonds in real terms. But that would be terrible for Americans, too. By the time the U.S. resorts to such remedies, the market’s faith in its bonds would already be unraveling. So what can our leaders do to avoid that outcome? No one’s calling for austerity, but political leaders need to start by at least sending the right signals. It’s not enough just to assume that the productivity fairy will wave a magic wand and help the U.S. to grow its way out of its debt-to-GDP hole. Nor is it enough to launch buzzy efficiency task forces — with names like DOGE that make a joke of the matter by echoing Musk's favorite cryptocurrency — without a clear plan to navigate the hard political realities of cost cutting. One starting point is a recent publication by the Penn Wharton Budget Model, a research initiative at the University of Pennsylvania, which analyzed 13 tax and spending reforms that it found could cut the deficit while boosting growth. They include major overhauls to Social Security, Medicare and the health-care system as a whole, as well as ideas to simplify the tax code. Any such effort is bound to span years and different presidential administrations, and the messaging itself is critical to show markets that their patience will be rewarded. It’s hard to overstate the significance of investors’ faith in U.S. bonds, and that privilege should help us get through this rough patch. But we can’t assume that faith is unbreakable and allow our leaders to kick the can or even exacerbate the problem. For all the developments that they failed to anticipate, Reagan-era hawks were right to assume that we couldn’t go on like this forever. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners. Jonathan Levin is a columnist focused on U.S. markets and economics. Previously, he worked as a Bloomberg journalist in the U.S., Brazil and Mexico. He is a CFA charterholder. ©2024 Bloomberg L.P. Visit bloomberg.com/opinion. Distributed by Tribune Content Agency, LLC.
House torpedoes Democratic-led effort to release Ethics report on Matt Gaetz
Fresh twist in govt row with farmers as land owners plot to infiltrate Labour in daring bid to overturn hated tax grab( MENAFN - EIN Presswire) Clinical Communication And Collaboration Global market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033 The Business Research Company's Early Year-End Sale! Get up to 30% off detailed market research reports-for a limited time only! LONDON, GREATER LONDON, UNITED KINGDOM, December 13, 2024 /EINPresswire / -- The Business Research Company's Early Year-End Sale! Get up to 30% off detailed market research reports-limited time only! Is Rise in Telemedicine and Remote Care Services Driving the Growth of the Clinical Communication And Collaboration Market? The clinical communication and collaboration market size has seen swift expansion in recent years. It is projected to grow from $2.56 billion in 2023 to $3.04 billion in 2024, exhibiting a compound annual growth rate CAGR of 19.0%. This substantial growth in the historic period has been driven by several factors such as the increase in adoption of digital health solutions, significant growth in telemedicine and remote care services, increased focus on patient-centered care, a rise in the use of electronic health records EHRs, and substantial growth in mobile health mHealth applications. Preview the detailed advancements in Clinical Communication and Collaboration Market: What's the Future for the Clinical Communication and Collaboration Market? The clinical communication and collaboration market is anticipated to see further growth in the years to come. It is predicted to expand to $6.15 billion in 2028 at a compound annual growth rate CAGR of 19.3%. The growth in the forecast period can be attributed to the increasing adoption of mobile health technologies, soaring demand for real-time patient data access, rising trend of value-based care models, growing emphasis on data security and privacy, and an increase in the number of connected healthcare devices. Futuristic trends in the forecast period encompass the adoption of artificial intelligence AI powered tools, the implementation of secure messaging platforms, the development of interoperable systems, advancements in telemedicine, and the integration of wearable health devices. Grab your copy of the comprehensive report: How Is Home Healthcare Driving Growth In The Clinical Communication And Collaboration Market? The impressive shift towards home healthcare is expected to fuel the growth of the clinical communication and collaboration market in the future. Home healthcare includes a range of medical services provided in a patient's home, including chronic disease management, rehabilitation, infusion therapy, and personalized care plans. This enables patients to obtain treatment in a comfortable and cost-effective setting. How Are Major Players Influencing The Clinical Communication and Collaboration Market? Major players in the clinical communication and collaboration market include Microsoft Corporation, Intel Corporation, Cisco Systems Inc., Oracle Corporation, NEC Corporation, Siemens Healthineers AG, Koninklijke Philips N.V., Stryker Corporation, Zebra Technologies Corporation, Omnicare Inc., and many others. What Innovations Are Emerging In The Clinical Communication And Collaboration Market? In an effort to maintain a competitive edge in the industry, key players in the clinical communication and collaboration market are focused on developing innovative solutions. How Is The Clinical Communication And Collaboration Market Segmented? The clinical communication and collaboration market can be divided based on the following categories - 1 By Component: Solution, Services 2 By Deployment: Hosted, On-Premise 3 By End User: Hospitals, Clinical Labs, Physicians, Other End Users What Are The Regional Insights Into The Clinical Communication And Collaboration Market? North America dominated as the largest region in the clinical communication and collaboration market in recent times. However, Asia-Pacific is expected to emerge as the fastest-growing region in the forecast period. Browse more similar reports- Clinical Chemistry Global Market Report 2024 Pediatric Clinical Trials Global Market Report 2024 AI In Clinical Trials Global Market Report 2024 About The Business Research Company Learn More About The Business Research Company. With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game. Contact us at: The Business Research Company: Americas +1 3156230293 Asia +44 2071930708 Europe +44 2071930708 Email us at ... Follow us on: LinkedIn: YouTube: Global Market Model: global-market-model Oliver Guirdham The Business Research Company +44 20 7193 0708 email us here Visit us on social media: Facebook X LinkedIn Legal Disclaimer: EIN Presswire provides this news content "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 author above. MENAFN12122024003118003196ID1108988703 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.