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2025-01-19
WASHINGTON — President Joe Biden on Tuesday took credit for building a strong economy out of the ruins of the COVID-19 pandemic — just in time for him to turn it over to President-elect Donald Trump , who is already threatening tariffs that would likely weaken it and bring back inflation. “The bottom line is, in four short years, we’ve come a long way ... from the crisis we inherited,” Biden said in a speech at the Brookings Institution think tank. “I’m not saying it was perfect, but it ends up at this moment the best economy, strongest economy in the world and, for all Americans, doing better.” The Democrat cited the jobs created under his administration, as well as clean energy and infrastructure projects begun all over the country, and said he hoped the man who both preceded him and will succeed him in the Oval Office does not undo them or follow through with his promised tariffs. “He seems determined to impose steep universal tariffs on all imported goods brought to this country, on the mistaken belief that foreign countries will bear the cost of those tariffs rather than the American consumer,” Biden said. “Who does he thinks pays for this? I believe this approach is a major mistake.” Trump, though, appears unlikely to heed that warning. Just after midnight Tuesday, he mockingly called Canadian Prime Minister Justin Trudeau the “Governor” of Canada, which he called a “State.” During Trudeau’s visit days earlier to the Republican’s South Florida country club home, Trump had reportedly told his guest that if he didn’t want tariffs imposed on Canada, his country should consider joining the U.S. as a new state. “I look forward to seeing the Governor again soon so that we may continue our in depth talks on Tariffs and Trade, the results of which will be truly spectacular for all!” Trump wrote on his Truth Social platform. For the three years before the pandemic was declared in 2020, Trump claimed — falsely — that he had brought about the best economy in American history. In fact, it was about the same or, by some measures, not quite as strong as the one built under his predecessor Barack Obama in his second presidential term. More jobs were created in Obama’s final three years than in Trump’s first three. Obama had come into office amid a deep recession caused by 2008’s global economic crisis but, by the time he left, was overseeing an economy with moderate but steady growth, negligible inflation and low unemployment. Similarly, Biden took office just past the nadir of the pandemic, with vaccine distribution just having started but thousands of Americans still dying per day. Just over half of the more than 20 million jobs lost early in the pandemic had come back, but unemployment still stood at over 6%. Four years later, all of the lost jobs have been recovered and 7 million more created. The high inflation that struck during the recovery is back down and near prepandemic levels, and unemployment is close to historic lows. Still, voters made it clear throughout the 2024 presidential election that they preferred their memories of Trump’s economy to what they saw as Biden’s economic realities. The president’s attempts to sell “Bidenomics” in the summer of 2023 flopped, and after Vice President Kamala Harris took his spot in the White House race, the Democratic campaign largely stopped trying to sell the public on Biden’s accomplishments. Many voters felt their wages had not kept up with the rising costs of groceries and housing. Though official measurements are complicated, they broadly show that this was true in 2021 and 2022 but not true for the latter two years of Biden’s presidency. Nonetheless, Trump, once again, will be handed a strong economy as he enters office. Early in his first term, he quickly began claiming that the economy he’d been criticizing as horrendous during his campaign was instead the best the country had seen in ages. It’s unclear whether and when Trump might start claiming that the current economy, which he similarly suggested was horrible in this year’s campaign, is instead terrific, all thanks to him. But what is clear is his intent to impose tariffs on foreign goods, on an even larger scale than he did the first time around. In his initial term, Trump imposed tariffs on steel and aluminum to help American makers of those metals, but set a wide range of tariffs on products from China, which in turn triggered retaliatory tariffs on American goods. That hurt both farmers and manufacturers, and caused business investment to fall for two straight quarters in 2019, a warning sign of an impending recession. Trump’s administration was scrambling to unwind the trade war ahead of the 2020 election when the pandemic began and sent the economy into free fall. This time, Trump is vowing tariffs against China again, as well as possibly imposing tariffs on Mexico and Canada — the two largest trading partners of the U.S. — in apparent violation of the trade agreement that he himself once signed. Don't let this be the end of the free press. The free press is under attack — and America's future hangs in the balance. As other newsrooms bow to political pressure, HuffPost is not backing down. Would you help us keep our news free for all? We can't do it without you. Can't afford to contribute? Support HuffPost by creating a free account and log in while you read. You've supported HuffPost before, and we'll be honest — we could use your help again . We view our mission to provide free, fair news as critically important in this crucial moment, and we can't do it without you. Whether you give once or many more times, we appreciate your contribution to keeping our journalism free for all. You've supported HuffPost before, and we'll be honest — we could use your help again . We view our mission to provide free, fair news as critically important in this crucial moment, and we can't do it without you. Whether you give just one more time or sign up again to contribute regularly, we appreciate you playing a part in keeping our journalism free for all. Already contributed? Log in to hide these messages. Biden’s top economic adviser, Jared Bernstein, said implementing across-the-board tariffs would certainly reverse the positive trends in the economy and bring inflation. “How quickly does that happen? Quite quickly,” he told reporters at the White House, adding that it would be a matter of months, not quarters. “The president’s speech today is the best advice I can give to any member of the incoming president’s economic team,” Bernstein said. Related From Our PartnerSaquon Barkley and the Philadelphia Eagles make their second-to-last road trip of the regular season Sunday to face Derrick Henry and the Baltimore Ravens. The NFC East-leading Eagles (9-2) have won seven in a row and play four of their final six games in Philadelphia, traveling only about 125 miles to visit the Ravens (8-4) this weekend and the Washington Commanders in Week 16. Sunday's game features the NFL's two leading rushers. Barkley (1,392 yards) and Henry (1,325) are far ahead of Green Bay's Josh Jacobs (944) in third place. Henry leads the league with 13 rushing touchdowns. Barkley (10) is tied for fourth and Philadelphia quarterback Jalen Hurts (11) tied for second. The matchup also features two of the top candidates for Most Valuable Player honors entering Week 13 in Barkley and Baltimore quarterback Lamar Jackson, who won his second MVP award last season. Their competition includes quarterbacks Josh Allen of Buffalo and Jared Goff of Detroit, with Allen widely considered the favorite. "Lamar Jackson and Derrick Henry are phenomenal football players that help their team win football games, and Jalen Hurts and Saquon Barkley are phenomenal football players that help their team win football games," Eagles coach Nick Sirianni said. "Excited about the opportunity this week because it's our next one. It will be a really good opponent, really well coached, good players, good atmosphere that will be there. Excited about the opportunity this week. And we're going to have to be on it against a really good team." The showdown at M&T Bank Stadium also pits Baltimore's No. 1 offense (426.7 yards per game) and No. 2 scoring offense (30.3 points per game) against Philadelphia's No. 1 defense (274.6) and No. 6 scoring defense (18.1). The Eagles have held seven consecutive opponents to under 300 total yards, while the Ravens have gained at least 329 yards of offense in all 11 games. Philadelphia is coming off a 37-20 road win over the Los Angeles Rams on Sunday night in which Barkley smashed the franchise record with 255 rushing yards. Baltimore also earned a prime-time win in Los Angeles, defeating the Chargers 30-23 in the "Harbaugh Bowl" on Monday night behind Jackson's three touchdowns (two passing, one rushing). Jackson said he's looking forward to the Barkley and Henry show. "I've known Saquon from high school. We were in the all-star game together and he jumped over somebody's head," Jackson recalled Wednesday. "So I've pretty much seen him before I even got to the league, college, anything. I've been knowing about Saquon, but Derrick Henry -- King Henry -- I'm with him every day and I'm seeing what he's capable of, so it's going to be a great matchup." Ravens linebacker Roquan Smith practiced Wednesday after sitting out Monday with a hamstring issue. Nose tackle Michael Pierce (calf) was designated to return from injured reserve. Tight end Charlie Kolar (broken arm) is out for several weeks and cornerback Arthur Maulet (calf) did not practice. The Eagles lost veteran defensive end Brandon Graham to a season-ending triceps injury Sunday. Wideout DeVonta Smith (hamstring) missed the win over the Rams and did not practice Wednesday. Neither did cornerbacks Darius Slay (concussion) or Kelee Ringo (calf). Philadelphia is 5-1 away from home this season -- 6-1 if you count their season-opening "home" victory against the Packers in Sao Paulo, Brazil. Baltimore is 4-1 at home. The Ravens hold a 3-2-1 lead in the series with the Eagles. They haven't met since Baltimore's 30-28 win in Week 6 at Philadelphia in 2020. --Field Level MediaTrudeau told Trump Americans would also suffer if tariffs are imposed, a Canadian minister sayspsn no philippines

Trudeau told Trump Americans would also suffer if tariffs are imposed, a Canadian minister saysNEW YORK , Dec. 10, 2024 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of PACS Group Inc. (NYSE: PACS) of (i) common stock pursuant and/or traceable to the registration statement and prospectus (collectively, the "Registration Statement") in connection with the Company's April 11, 2024 initial public offering ("IPO"); (ii) securities between April 11, 2024 and November 5, 2024 , both dates inclusive (the "Class Period"); and/or (iii) common stock pursuant and/or traceable to the registration statement and prospectus issued in connection with the Company's September 2024 secondary public offering ("SPO"), of the important January 13, 2025 lead plaintiff deadline. So what: If you purchased PACS common stock pursuant and/or traceable to the IPO and/or securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. What to do next: To join the PACS class action, go to https://rosenlegal.com/submit-form/?case_id=30617 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 13, 2025 . A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. Details of the case: According to the lawsuit, the Registration Statement and defendants made false and/or misleading statements and/or failed to disclose that: (1) PACS engaged in a "scheme" to submit false Medicare claims which "drove more than 100% of PACS' operating and net income from 2020 – 2023"; (2) PACS engaged in a "scheme" to "bill thousands of unnecessary respiratory and sensory integration therapies to Medicare"; (3) PACS engaged in a scheme to falsify documentation related to licensure and staffing; and (4) as a result of the foregoing, defendants' positive statements about PACS' business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the PACS class action, go to https://rosenlegal.com/submit-form/?case_id=30617 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm , on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/ . Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 case@rosenlegal.com www.rosenlegal.com View original content to download multimedia: https://www.prnewswire.com/news-releases/pacs-investors-have-opportunity-to-lead-pacs-group-inc-securities-fraud-lawsuit-302328029.html SOURCE THE ROSEN LAW FIRM, P. A.



In conclusion, President Trump's response on whether the U.S. will stay in NATO depends on fair burden sharing among member countries. The ongoing debate over defense spending within the alliance reflects broader tensions and challenges facing NATO in the 21st century. It remains to be seen how member countries will address these issues and whether they can find a sustainable solution that upholds the principles and objectives of the alliance. As the United States and its allies navigate these challenges, the future of NATO hangs in the balance.

Shehbaz to attend D-8 Summit on 19th

One of the key reasons why Ten Hag has been so successful at Ajax is his emphasis on youth development and promoting a style of play that is ingrained in the club's philosophy. His commitment to nurturing young talent and instilling a possession-based, attacking style of football has paid off handsomely. Under his guidance, Ajax has produced a number of talented players who have gone on to become stars on the European stage.Italian tactician Maurizio Sarri has made quite the impact since taking the helm at Chelsea Football Club. Known for his unique playing style of "Sarri-ball," the former Napoli boss has brought a breath of fresh air to Stamford Bridge. As the Blues completed their first fifteen games of the Premier League season under Sarri's guidance, they find themselves in an unprecedented position in the club's history - second in the league standings.In September 2020, Nvidia announced its intention to acquire Arm Ltd., a British semiconductor and software design company, for a staggering $40 billion. The deal, if approved, would be one of the largest in the tech industry and would significantly reshape the competitive landscape. Arm's technology is widely used in mobile devices, IoT devices, and data centers, making it a crucial player in the industry.

The timing of the meeting is particularly significant, as the world faces increasing challenges in nuclear safety and security. The recent incidents at nuclear facilities in various countries have underscored the importance of strict regulations and effective international cooperation to prevent accidents and ensure the safe operation of nuclear plants.

Lin Zhiying and Kimi's shared love for music is evident as they enjoy the concert together, bonding over their mutual passion for the arts. It's heartwarming to see the father and son supporting each other and spending quality time together, creating memories that will last a lifetime. Their presence at the concert not only showcases their strong family bond but also serves as an inspiration to fans and aspiring artists alike.

As the final whistle blew, signaling the end of the match, the scoreline reflected the intensity of the contest - a hard-fought draw that left both teams with a sense of pride and accomplishment. The fans erupted in applause, acknowledging the efforts of the players and the spectacle they had just witnessed.

LONG ISLAND -- A plan to regionalize some public school services in New York state has set off alarm bells among many parents and educators on Long Island who fear loss of control of their school districts. But state education officials say that's not the goal, nor the plan. At issue is a directive rolled out as an emergency regulation by the state Board of Regents. It asks districts to fill out a strengths and needs survey about their ability to address disparities, so that all students can excel. Districts already share some services, but the Department of Education says it's looking for more opportunities. "When we talk about opportunities, we are talking about advanced course work, shared staff, extracurricular activities, a range of subjects," an official said back in early September. The regionalization initiative is not sitting well with many on Long Island. "We want to maintain local control over our students over our decisions," Cold Spring Harbor Schools Superintendent Joe Monastaro said. "It is our tax money. We have a say in this. Stay your hands away from my children," Great Neck parent Mimi Xu said. "It's our money, our rule. It has nothing to do with the state," one parent said. Fourteen Long Island school districts have filed a lawsuit to stop the plan. Language in the fine print says a regional superintendent can compel a district to make a change. "It is clear that that document makes it mandatory that our schools coordinate, regionalize and give up authority to a regional authority," said state Sen. Jack Martins, who represents Old Westbury. Long Island's 124 school districts, including some of the best in the nation, value highly their elected boards and independence. "We will not stand by and let the Department of Education gut our school districts," Nassau County Executive Bruce Blakeman said. "It will be a complete power shift from what we have today," said Margaret Marchand, a member of the Locust Valley School Board. "We will fight for local control until we win," Bellmore state Sen. Steve Rhoads added. "If they don't agree to do it, or it didn't come from them, they do not have to sign off on doing anything," Deputy Commissioner Jeff Matteson said. "But what we're not interested in doing is taking away excellent programs from anyone, or watering down the excellent programs." But parents fear sharing resources will mean taking away from some. "If you're in a top-three school district, you probably stand to lose more than you gain. If this goes through, there will be winners and losers," one Great Neck parent said. New York State Board of Regents member Roger Tilles told CBS News New York no district has to do anything that's not in its district's interest. The only thing mandatory is to begin the conversation. The regionalization initiative is supposed to be implemented in 2026 and be re-evaluated every decade. Carolyn Gusoff has covered some of the most high profile news stories in the New York City area and is best known as a trusted, tenacious, consistent and caring voice of Long Island's concerns.Man United transfer news: Ruben Amorim 'adds £31.6m protege' to three-man left-back shortlistWhile Jack Ma's visionary leadership and strategic acumen drove Alibaba's rapid expansion and market dominance, Fan Luyuan's creative vision and commitment to elevating the user experience added a unique dimension to the company's success. Together, they formed a dynamic duo, with Jack Ma steering the ship towards growth and innovation, while Fan Luyuan infused the brand with a sense of identity and cultural resonance.

In recent years, there has been a growing concern about the protection of minors in the digital age. With the rapid development of technology and the prevalence of social media platforms, young people are increasingly exposed to various online risks and challenges. To address this issue, the "Prosecutors' Public Classes" series has been broadcast on Kwai, a popular short video platform, aiming to educate minors about the law and provide them with essential legal knowledge to safeguard their rights and well-being.

FC Bayern Munich vs FC Barcelona! 13 Unbeaten Matches in the Champions League, Flick Challenges the Devil's Home Ground, Aiming for 6 Consecutive Wins!So, as I gaze into my sister's eyes and see the reflection of my own soul, I know that I am ready to embark on this journey of discovery and understanding. I know that I am ready to uncover the secrets that lie buried in her past, to embrace the challenges that lie ahead, to walk beside her through the trials and triumphs of adolescence. And I know that, together, we will emerge stronger, wiser, and more deeply connected than ever before.One almost understands South Korean President ‘s frustration. The leftist opposition in , the Democratic Party, holds a commanding majority in the National Assembly. Since day one, they have been trying to obstruct and undermine him. They have blocked his policies at every turn and tried to impeach him 22 times since he took office in May 2022. They are impeaching his key officials and are also targeting his wife on corruption charges. So much for “the loyal opposition.” This seems well beyond sharp-elbowed politics. Yoon described it as a “ .” But Yoon’s declaration of martial law on December 4 was a “shoot, ready, aim” sort of thing. It did not appear to be based on any specific intelligence of an immediate threat that might warrant or evoke popular support for such a drastic move in a well-established democracy. Some reporting indicates the defense minister and perhaps the head of the Army encouraged Yoon to declare martial law as the best way of beating back the opposition that had made South Korea ungovernable. However, Yoon’s own party’s leaders came out against the move. There was no groundswell of public support, and even the military support fizzled out. A few hours after declaring martial law, Yoon rescinded the decree. Nonetheless, the damage was done. Besides the harm to South Korean civil society, it is a huge headache for the Americans when a key ally in Northeast Asia is in such straits. The Chinese do not mind at all. Here is something else to consider: President Yoon in his statement announcing and justifying martial law warned of North Korea supporters in the opposition. He is actually right. There is a sizable chunk of South Korea’s Democratic Party and leftist political world that is pro- and also pro- – as hard as that is to imagine. They are also anti-American. President , Yoon’s predecessor, was preternaturally sympathetic to both North Korea and the People’s Republic of China (PRC). He also had no love for the US. In his autobiography, he tells of his euphoria on hearing the Americans were defeated in . Moon also had hard-core radicals working in his administration and in high positions. Imagine if unreformed 1960s-era radicals in the United States took power in the US. (Some might say they did a couple of times in recent decades, but that is another story.) In South Korea the unreformed student radicals are from the 1980s – and are known as . Take Lee In-young, the Unification Minister appointed in July 2020. Read the of his confirmation hearing in the National Assembly. Lee was biting his tongue but did not seem to have changed much since his days as the #2 person in the Anti-American Youth Association, which was the underground organization providing leadership to Jeondaehyup. a violent, radical 1980s student organization, Jeondaehyup was based upon North Korea’s Juche ideology. The Democratic Party has not changed its stripes over the last four years. Its current leader, , has called American forces in South Korea “occupying forces.” Furthermore, he is accommodating towards the PRC, including its position on bringing under its grip. continues to do excellent work on this topic. Her research is invaluable for anyone interested in understanding the backgrounds, ideologies, and political objectives of South Korea’s leftists. South Korean leftists have long wanted a one-party state that they can control. They have sought to dominate the levers of power even beyond the government – to include labor unions, academia and the media. But it was Moon Jae In’s election in 2017 and the subsequent National Assembly elections in 2020 and 2024 that put this goal in reach. That is what gave the leftists solid control of the National Assembly. Moreover, the National Assembly is arguably a more attractive target than even the presidency in South Korea. In the South Korean system, the National Assembly can make life nearly impossible for a president. Conversely, in the United States, a president has considerable power even if the opposition holds both houses of Congress. It is this author’s opinion that there is credible evidence of widespread electoral manipulation in the 2020 and 2024 National Assembly elections. This deserves far more assessment than it has received to date. Ironically, most South Korean citizens have no desire to be ruled by North Korea or a North Korean-like system. Furthermore, they also support the US-ROK alliance. But that does not matter so much when a coterie of hardcore radicals (Marxist or otherwise) is able to take over a government and move a country where most people do not want it to go. We have seen it before. Whatever happens from now on, Yoon’s move for martial law discredits the South Korean conservatives for a long while. South Korean conservatives are generally pro-American, supporting American-style freedoms and pro-free markets. This works to the Democratic Party’s advantage. It also roils the ROK-US alliance – at a time when the PRC is on the move along with its erstwhile allies, North Korea and . On top of that, President Yoon’s foreign policy achievements may be lost. Yoon boldly improved relations with Japan, and South Korea is supplying the US with ordnance to replace what it has sent to . South Korea is also a major arms exporter in Asia and beyond – with the political influence and standing that comes with that. Who benefits from the degradation and tearing apart – “ ” – that has been happening to South Korea for at least the last seven years and that exploded the other day? Anwer: The PRC. One fairly thinks they encouraged it, given the PRC’s track record of employing entropic warfare and political warfare from to the Solomon Islands and beyond. The US-South Korea alliance has held up remarkably well for over 70 years. And it is still able to repel an attack from North Korea – for now. However, perhaps entropic warfare might do to the alliance what kinetic warfare could not do. This is one more mess for the Trump Administration to deal with. As if it needed any more. .

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