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2025-01-20
21 3 blackjack
21 3 blackjack AGNC Investment Corp. Declares Fourth Quarter Dividends on Preferred Stock



SEOUL, South Korea (AP) — South Korea's embattled President Yoon Suk Yeol avoided an opposition-led attempt to impeach him over his short-lived imposition of martial law , as most ruling party lawmakers boycotted a parliamentary vote Saturday to deny a two-thirds majority needed to suspend his presidential powers. The scrapping of the motion is expected to intensify public protests calling for Yoon’s ouster and deepen political chaos in South Korea, with a survey suggesting a majority of South Koreans support the president’s impeachment. Yoon’s martial law declaration drew criticism from his own ruling conservative People Power Party, but it is also determined to oppose Yoon’s impeachment apparently because it fears losing the presidency to liberals. After the motion fell through, members of the main liberal opposition Democratic Party rallied inside the National Assembly, chanting slogans calling for Yoon's impeachment or resignation. The party's floor leader, Park Chan-dae, said it will soon prepare for a new impeachment motion. “We'll surely impeach Yoon Suk Yeol, who is the greatest risk to Republic of Korea,” party leader Lee Jae-myung said. “We'll surely bring back this country to normal before Christmas Day or year's end.” Despite escaping the impeachment attempt, many experts worry Yoon won’t be able to serve out his remaining 2 1/2 years in office. They say some ruling party lawmakers could eventually join opposition parties’ efforts to impeach Yoon if public demands for it grow further. Protests against Yoon are swelling On Saturday, tens of thousands of people densely packed several blocks of roads leading up to the National Assembly, waving banners, shouting slogans and dancing. Protesters also gathered in front of PPP’s headquarters near the Assembly, angrily shouting for its lawmakers to vote to impeach Yoon. A smaller crowd of Yoon’s supporters, which still seemed to be in the thousands, rallied in separate streets in Seoul, decrying the impeachment attempt they saw as unconstitutional. Impeaching Yoon required support from two-thirds of the National Assembly, or 200 of its 300 members. The Democratic Party and five other small opposition parties, which filed the motion, have 192 seats combined. But only three lawmakers from PPP participated in the vote. The motion was scrapped without ballot counting because the number of votes didn’t reach 200. National Assembly Speaker Woo Won Shik called the result “very regrettable” and an embarrassing moment for the country’s democracy that has been closely watched by the world. “The failure to hold a qualified vote on this matter means we were not even able to exercise the democratic procedure of deciding on a critical national issue,” he said. Opposition parties could submit a new impeachment motion after a new parliamentary session opens next Wednesday. If Yoon is impeached, his powers will be suspended until the Constitutional Court decides whether to remove him from office. If he is removed, an election to replace him must take place within 60 days. Yoon apologizes for turmoil Earlier Saturday, Yoon issued a public apology over the martial law decree, saying he won’t shirk legal or political responsibility for the declaration and promising not to make another attempt to impose martial law. He said would leave it to his party to chart a course through the country’s political turmoil, “including matters related to my term in office.” “The declaration of this martial law was made out of my desperation. But in the course of its implementation, it caused anxiety and inconveniences to the public. I feel very sorry over that and truly apologize to the people who must have been shocked a lot,” Yoon said. Since taking office in 2022, Yoon has struggled to push his agenda through an opposition-controlled parliament and grappled with low approval ratings amid scandals involving himself and his wife. In his martial law announcement on Tuesday night, Yoon called parliament a “den of criminals” bogging down state affairs and vowed to eliminate “shameless North Korea followers and anti-state forces.” The turmoil resulting from Yoon’s bizarre and poorly-thought-out stunt has paralyzed South Korean politics and sparked alarm among key diplomatic partners like the U.S. and Japan. Tuesday night saw special forces troops encircling the parliament building and army helicopters hovering over it, but the military withdrew after the National Assembly unanimously voted to overturn the decree, forcing Yoon to lift it before daybreak Wednesday. The declaration of martial law was the first of its kind in more than 40 years in South Korea. Eighteen lawmakers from the ruling party voted to reject Yoon’s martial law decree along with opposition lawmakers. PPP later decided to oppose Yoon's impeachment motion. Yoon’s speech fueled speculation that he and his party may push for a constitutional amendment to shorten his term, instead of accepting impeachment, as a way to ease public anger over the marital law and facilitate Yoon’s early exit from office. Lee told reporters that Yoon’s speech was “greatly disappointing” and that the only way forward is his immediate resignation or impeachment. His party called Yoon’s martial law “unconstitutional, illegal rebellion or coup.” Lawmakers on Saturday first voted on a bill appointing a special prosecutor to investigate stock price manipulation allegations surrounding Yoon’s wife. Some lawmakers from Yoon’s party were seen leaving the hall after that vote, triggering angry shouts from opposition lawmakers. Yoon accused of ordering arrests of politicians On Friday, PPP chair Han Dong-hun, who criticized Yoon’s martial law declaration, said he had received intelligence that during the brief period of martial law Yoon ordered the country’s defense counterintelligence commander to arrest and detain unspecified key politicians based on accusations of “anti-state activities.” Hong Jang-won, first deputy director of South Korea’s National Intelligence Service, told lawmakers in a closed-door briefing Friday that Yoon had ordered him to help the defense counterintelligence unit to detain key politicians. The targeted politicians included Han, Lee and Woo, according to Kim Byung-kee, one of the lawmakers who attended the meeting. The Defense Ministry said Friday it suspended three military commanders including the head of the defense counterintelligence unit over their involvement in enforcing martial law. Vice Defense Minister Kim Seon Ho has told parliament that Defense Minister Kim Yong Hyun ordered the deployment of troops to the National Assembly after Yoon imposed martial law. Opposition parties accused Kim of recommending to Yoon to enforce martial law. Kim resigned Thursday, and prosecutors imposed an overseas travel ban on him. Kim Tong-hyung And Hyung-jin Kim, The Associated PressGhana counted ballots on Saturday after a tight election with the ruling party's Vice President Mahamudu Bawumia trying to shake off anger over economic woes and rebuff a challenge by opposition party candidate ex-president John Mahama. Ghana's struggling economy dominated the election, after the west Africa gold and cacao producer went through a debt default, high inflation and negotiations for a $3 billion IMF bailout. Voters were choosing a successor to Bawumia's boss, President Nana Akufo-Addo, who steps down after serving the maximum of two four-year terms. They will also elect the country's new parliament. Voting was mostly calm, but one person was shot dead and four people arrested at a polling station in Nyankpala in the country's northern region, police and local media said. After polls closed at 1700 GMT, election teams immediately began tallying ballots under the watch of agents from political parties before sending them to collation centres. Preliminary results are expected early Sunday, with full presidential results scheduled by Tuesday. "Everyone is complaining prices are high. So I want a change, I want a good president who will bring in changes," Abdullah Mohammed, a student said after voting in Accra's Nima district. With a history of political stability, Ghana's two main parties, the ruling New Patriotic Party (NPP) and National Democratic Congress (NDC), have alternated in power equally since the return to multi-party democracy in 1992. Touting the slogan "Break the 8" -- a reference to going past the usual two terms in power -- the NPP hopes Bawumia can lead them to an unprecedented third term. But he struggled to break away from criticism of Akufo-Addo's economic record. "I think we have done a lot of work with our message to the people and the message has been well received," Bawumia said after voting in his northern home Walewale. A UK-educated economist and former central banker, he points to an economy turning a corner and the government's continued plans for digitalisation to ease business, as well as free education and health programmes. More from this section But though inflation slowed from more than 50 percent to around 23 percent, and other macro-economic indicators are stabilising, the economic pain was still a clear election issue. Many Ghanaians still say they struggle with the cost of living, scarce jobs and a depreciated cedi currency. Frustration over the economy has opened the way for a comeback challenge from Mahama, who was president from 2012 to 2017 but has since failed twice in presidential bids. The NDC flag-bearer says he will "reset" Ghana and introduce a "24-hour economy", extending industrial hours to create jobs, and also renegotiate parts of the IMF deal. "Other elections have not been as obvious," Mahama said voting in his northern hometown. "With this one, everybody can tell the direction because of the abysmal performance of the Akufo-Addo-Bawumia government." Some analysts gave him an edge because of voter dismay with NPP, but the former president faced criticism from those who remember financial woes and massive power cuts during his time in office. Shoe saleswoman Esther Adobea said the economic situation hurt, but she was willing to give Bawumia a chance to make things better. "I can see he can handle the country for us. Our economy is not good, but he can do better," she said. Both major candidates are from the north of the country -- traditionally an NDC stronghold, but now more fragmented -- making the region a key battleground. While the economy was key, Ghana also faces an increasing risk of spillover in its northern regions from jihadist conflicts in Niger and Burkina Faso, where military juntas rule. The spread of illegal gold mining also became an election issue. Akufo-Addo promised to stop illegal mining, but it has expanded, poisoning riverways and impacting cacao farmlands -- a major source of export income. bur-pma/jm

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NASSAU, Bahamas — Justin Thomas was long off the tee and made a few long putts on the back nine to overtake Scottie Scheffler with a 6-under 66 and build a one-shot lead Saturday over golf's best player going into the final round of the Hero World Challenge. Thomas is trying out a 46-inch driver — a little more than an inch longer than normal — that he previously used for practice at home to gain speed and length. He blasted a 361-yard drive to 8 feet on the par-4 seventh hole and led the field in driving distance. But it was a few long putts that put him ahead of Scheffler, who had a 69. Thomas was on the verge of falling two shots behind when he made an 18-foot par putt on the par-3 12th hole. On the reachable par-4 14th, he was in a nasty spot in a sandy area and could only splash it out to nearly 50 feet. He made that one for a most unlikely birdie, while behind him Scheffler muffed a chip on the 13th hole and made his lone bogey of a windy day. Scheffler never caught up to him, missing birdie chances on the reachable 14th and the par-5 15th. Thomas hit his approach to 3 feet for birdie on the 16th after a 343-yard drive. Scheffler made an 18-foot birdie putt on the 16th to close within one. Scheffler missed birdie chances on the last two holes from the 10-foot and 15-foot range, while Thomas missed an 8-foot birdie attempt at the last. "I had a stretch at 13, 14, 15 where I felt like I lost a shot or two there, but outside of that I did a lot of really good things today," Scheffler said. Thomas hasn't won since the 2022 PGA Championship at Southern Hills, and a victory at Albany Golf Club wouldn't count as an official win. But the two-time major champion has made steady progress toward getting his game back in order. "I'm driving it great. I've had a lot of confidence with it," Thomas said of his longer driver. "I feel like I've been able to put myself in some pretty good spots going into the green. I'm still not taking advantage of some of them as much as I would like, but that's golf and we're always going to say that." Thomas was at 17-under 199 and will be in the final group Sunday with Scheffler, who is trying to end his spectacular season with a ninth title. Tom Kim put himself in the mix, which he might not have imagined Thursday when he was 3 over through six holes of the holiday tournament. Kim got back in the game with a 65 on Friday, and then followed with 12 birdies for a 62. He had a shot at the course record — Rickie Fowler shot 61 in the final round when he won at Albany in 2017 — until Kim found a bunker and took two shots to reach the green in making a double bogey on the par-3 17th. Even so, he was only two shots behind. Ryder Cup captain Keegan Bradley (68) was four back. "Feel like I've been seeing signs of improvement, which is what you want and that's all I can do," Thomas said. "I can't control everybody else or what's going on, I've just got to keep playing as good as I possibly can and hope that it's enough come Sunday." Get local news delivered to your inbox!The Onion's rejected purchase of Infowars in an auction bid supported by families of the Sandy Hook Elementary shooting dealt them a new setback Wednesday and clouded the future of Alex Jones' conspiracy theory platform, which is now poised to remain in his control for at least the near future. What's next for Infowars and Sandy Hook families' long-sought efforts to hold Jones accountable over calling one of the deadliest school shootings in U.S. history a hoax was unclear, after a federal judge in Houston late Tuesday rejected The Onion's winning bid for the site . U.S. Bankruptcy Judge Christopher Lopez in Houston said he did not want another auction but offered no roadmap over how to proceed. One possibility includes ultimately allowing Sandy Hook families — who comprise most of Jones' creditors — to return to state courts in Connecticut and Texas to collect on the nearly $1.5 billion in defamation and emotional distress lawsuit judgments that Jones was ordered to pay them. “Our hope is that when this process ends, and it will end, and it will end sooner rather than later, is that all assets that Alex Jones has available are paid to the families, and that includes Infowars, and that as a result of that process Alex Jones is deprived of the ownership and control of the platform that he’s used to hurt so many people,” Christopher Mattei, an attorney for the Sandy Hook families, said in a phone interview Wednesday. The families, meanwhile, were preparing the mark the 12th anniversary of the Dec. 14 shooting. The sale of Infowars is part of Jones’ personal bankruptcy case , which he filed in late 2022 after he was ordered to pay the $1.5 billion. Jones was sued for repeatedly saying on his show that the 2012 massacre of 20 first graders and six educators was staged by crisis actors to spur more gun control. Lopez said there was a lack of transparency in the bidding process and too much confusion about The Onion's bid. He also said the amount of money offered in the only two bids was too low and there needed to be more effort to try to raise as much money possible from the selling of Infowars' assets. The Onion's parent company, Global Tetrahedron, submitted a $1.75 million cash offer with plans to kick Jones out and relaunch Infowars in January as a parody . The bid also included a deal with many of the Sandy Hook families for them to forgo $750,000 of their auction proceeds and give it to other creditors. Lopez called it a complex arrangement that led to different interpretations of the bid's actual value as well as last-minute changes to a proposed sale order. The other bidder was First United American Companies, which runs a website in Jones’ name that sells nutritional supplements and planned to let Jones stay on the Infowars platforms. It offered $3.5 million in cash and later, with Jones, alleged fraud and collusion in the bidding process. Lopez rejected the allegations, saying that while mistakes were made there was no wrongdoing. Christopher Murray, the trustee who oversaw the auction, said he picked The Onion and its deal with the Sandy Hook families because it would have provided more money to Jones' other creditors. The next steps remained unclear Wednesday. The judge directed Murray to come up with a new plan to move forward. Murray and representatives of The Onion did not immediately return messages seeking comment. The judge said there was a possibility there could be a trial in 2025 to settle Jones' bankruptcy. He said Murray could try to sell the equity in Infowars' parent company. He also said Murray could abandon the efforts, which could allow the Sandy Hook families to return to the state courts where they won their lawsuits against Jones and begin collection proceedings against him. The judge said he wanted to hear back from Murray and others involved in the bankruptcy within 30 days on a plan to move forward. Mattei, who represented the Sandy Hook families in the Connecticut lawsuit, said everyone is waiting to see what plan the trustee comes up with. Jones, meanwhile, continued to allege fraud and collusion on his show Wednesday and threatened legal action over what he called an attempted “rigged auction.” On the social media platform X, he called the judge's ruling a “Major Victory For Freedom Of The Press & Due Process." “I don’t want to have to go after these people, lawsuit-wise, but we have to because if you don’t then you’re aiding and abetting and they do it to other people. They made some big mistakes," he said. It's a solemn and heartbreaking week for relatives of victims of the Sandy Hook shooting in Newtown, Connecticut. The 12th anniversary is Saturday, and some of the victims' relatives were traveling to Washington, D.C., to attend the annual National Vigil for All Victims of Gun Violence on Wednesday evening. The families usually mark the anniversary out of the public eye. Many of the families said their lawsuits against Jones bought back the unbearable pain of losing their loved ones, as well as the trauma of being harassed and threatened by believers of Jones' hoax conspiracy. Relatives said they have been confronted in public by hoax believers and received death and rape threats. Robbie Parker, whose 6-year-old daughter Emilie was killed, testified at the Connecticut lawsuit trial in 2022 that the decade of abuse his family suffered made them move across the country to Washington state, and even there he was accosted in person. The families have not received any money from Jones since winning the trials. Jones has been appealing the $1.5 billion in judgments, and has since conceded that the shooting did happen. Last week, a Connecticut appeals court upheld most of the judgment in that state but reduced it by $150 million. Associated Press writer Juan A. Lozano in Houston contributed to this report.

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Report: UCF HC Gus Malzahn to become Florida State OCA path to economic growth and national unity Cultural heritage is the soul of a nation and a bridge that connects its past with its present while shaping its future. In Pakistan, this heritage is a treasure trove of ancient wonders, vibrant traditions, and unique customs. Each element of this legacy serves as a reminder of who we are and the heights we can achieve. Pakistan is blessed with a wealth of historical landmarks. The ruins of Mohenjo-Daro echo the grandeur of the Indus Valley Civilization, while the Buddhist relics in Taxila narrate timeless stories of peace and wisdom. The majestic Badshahi Mosque in Lahore stands as a testament to Mughal magnificence. These monuments are far more than just structures; they are fragments of history frozen in time. Cultural heritage, however, extends beyond architecture. It pulses through the melodies of music, the rhythm of dance, and the depth of poetry. The soulful verses of poets like Bulleh Shah and Shah Abdul Latif Bhittai have transcended centuries, resonating with audiences to this day. Traditional dances, such as the Pashtun Attan and Sindhi Jhumar, foster a sense of community, while handicrafts like Balochi embroidery and Multani pottery showcase artistic mastery. This cultural richness is a unifying force, highlighting the beauty of Pakistan’s diversity. Each province adds its unique color to the national tapestry. Punjab is known for its joyous Basant festival and Sufi shrine celebrations, Sindh for its vibrant Ajrak and Tharparkar’s folk melodies. Khyber Pakhtunkhwa offers soulful Pashto poetry and exemplifies resilience, while Balochistan boasts ancient craftsmanship and storytelling traditions. Despite its value, Pakistan’s cultural heritage faces significant threats. Urbanization has engulfed many historical sites, while climate change and pollution have taken a toll on ancient landmarks. Neglect and insufficient funding exacerbate these challenges, and many traditions are slowly fading as younger generations lose touch with their roots. Protecting cultural heritage is not just a moral obligation; it is vital for national identity, pride, and even economic growth. Heritage tourism is a thriving industry worldwide, and countries like Italy, Egypt, and Turkey have built robust economies around their cultural attractions. Pakistan has the same potential. Its UNESCO World Heritage Sites such as Mohenjo Daro, Taxila, and the Makli Necropolis have universal appeal. With improved infrastructure, these sites could attract countless visitors. Essential upgrades, including better roads, accommodations, and guided tours, would greatly enhance the tourism experience. Promotion plays a crucial role in drawing global attention. Pakistan must showcase its rich heritage through social media campaigns, documentaries, and international cultural events. Modern tools like virtual reality and digital archives can make these treasures accessible to a global audience. Not only would this generate revenue, but it would also improve Pakistan’s global image. Cultural festivals offer another opportunity to foster unity and attract tourists. Events like the Lok Virsa Mela celebrate Pakistan’s diversity and provide a platform for artisans and performers. These festivals also bridge the gap between urban and rural communities. Supporting local craftsmen is equally important. These individuals preserve traditions through their artistry, and financial assistance or training can ensure their survival. Exporting traditional crafts like carpets, jewelry, and pottery can also boost the economy while sharing Pakistan’s stories with the world. Education is a key element in preserving heritage. Schools should integrate local history and culture into their curricula. Field trips to historical sites and participation in traditional activities can instill pride and a sense of responsibility in younger generations. Cultural heritage also promotes harmony, transcending ethnic and linguistic barriers. Folk music and dance are universal languages that unite people, while festivals create bonds that are stronger than differences. Tourism, in turn, fosters international goodwill. Visitors leave with lasting memories of Pakistan’s hospitality, becoming ambassadors of its charm. This soft power is invaluable for enhancing Pakistan’s standing on the world stage. Despite its immense potential, developing foreign tourism in Pakistan is a formidable challenge. Concerns about safety, inadequate infrastructure, and poorly maintained roads deter travelers. Airports often fail to meet global standards, and much of Pakistan’s beauty remains hidden from the world. Overcoming these hurdles requires decisive action, including enhanced security, modernized infrastructure, and strategic promotion. Only then can Pakistan truly claim its place as a global tourist destination. In 2022, the travel and tourism sector contributed 5.9 percent to Pakistan’s GDP and generated 4.2 million jobs, as reported by the World Bank Group and the World Travel and Tourism Council. Despite these figures, the sector’s potential remains underutilized, considering the country’s rich array of tourist destinations. Visitor spending in Pakistan reached $16 billion in 2022, with projections indicating this could grow to $30 billion by 2033, signaling significant opportunities for future expansion in the tourism industry. Preserving cultural heritage is about more than safeguarding the past. It is about honoring ancestors, inspiring future generations, and building a bridge to tomorrow. By cherishing its cultural wealth, Pakistan can achieve not only economic progress but also social harmony. Heritage is more than history; it is identity, pride, and limitless potential. Pakistan’s cultural heritage is its most valuable asset. Let us protect, celebrate, and share it with the world. The writer is Director of the Institute of Humanities and Arts, Khwaja Fareed University of Engineering and Information Technology, Rahim Yar Khan Save my name, email, and website in this browser for the next time I comment. Δ document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() );

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Mid-American Conference football goes all in on November weeknights for the TV viewersGabriel mimics Gyokeres in cheeky goal celebration in Arsenal win over Sporting in Champions LeagueFox News senior national correspondent Rich Edson has the latest on the Trump transition and talks over the Panama Canal and Greenland on 'The Story.' President-elect Donald Trump suggested on Wednesday that the U.S. could take control of Canada, Greenland and the Panama Canal—an unexpected Christmas Day message that has sparked concerns among world leaders in recent days as they scramble to prepare for Trump's second White House term. In a Wednesday post on the platform Truth Social, Trump wished a "Merry Christmas to all," including to the "wonderful soldiers of China, who are lovingly, but illegally, operating the Panama Canal," before moving on to take aim at Canada and Greenland as well, which he suggested again could be better off under U.S. governance. Trump reiterated his claim that U.S. shippers are being forced to pay "ridiculous" and "exorbitant" prices to navigate the Panama Canal—an artificial, 51-mile waterway that connects the Atlantic and Pacific Oceans. He has suggested, without evidence, that Chinese interests are gaining outsize influence over the waterway, something Panamanian leaders have steadfastly denied. TRUMP FLOATS IDEA OF US RECLAIMING PANAMA CANAL: 'FOOLISHLY GAVE IT AWAY' A ship is seen on the Gaillard Cut in the Panama Canal. (CORBIS/Corbis via Getty Images) In his Truth Social post Wednesday, Trump also mockingly referred to Canadian Prime Minister Justin Trudeau as "governor" reiterating his recent suggestion that Canada should be turned into a U.S. state. "If Canada was to become our 51st state, their taxes would be cut by more than 60%, their businesses would immediately double in size, and they would be militarily protected like no other country anywhere in the world," Trump said. Finally, the president-elect turned his attention to Greenland; an autonomous, geographically important Arctic location rife with natural resources, including rare earth minerals. The U.S., Trump said on Wednesday, "feels that the ownership and control of Greenland is an absolute necessity" for reasons of national security and "global freedom.' Canadian Prime Minister Justin Trudeau is seen on Nov. 29, 2024, in West Palm Beach, Fla. (AP Photo/Carolyn Kaster) Bigger picture Trump’s lengthy Truth Social post did little to assuage the concerns of some world leaders, who have carefully watched Trump's actions and his statements in recent weeks for clues as to how he might govern in a second term. The remarks also appear to be at odds with the "America First" policies long espoused by Trump, which seek to prioritize domestic policy rather than expansion or U.S. presence abroad. Rep. Ryan Zinke, R-Mont., echoed Trump's concerns in an interview Thursday, describing China's influence in the Panama Canal, and the higher prices incurred by shippers, as a "shot across the bow." "Remember, we have China and Cuba," Zinke said on "Mornings with Maria. " "We have Maduro in Venezuela. We have had Russian ships there. And the Panama Canal is critical to our national security. And at present, it is being run by the Chinese Communist Party. So it's a concern—absolutely." 'AMERICA FIRST' VS. 'AMERICA LAST': WHAT DOES TRUMP'S RETURN MEAN FOR US FOREIGN POLICY? Homes are illuminated after the sunset in Tasiilaq, Greenland. (AP Photo/Felipe Dana,) To be sure, it is not the first time Trump has indicated interest in Greenland, a mineral-rich, geographically important territory. In 2019, then-President Trump told reporters he was "interested" in purchasing Greenland, which he described at the time as "essentially" a "large real estate deal." The 2019 effort never gained traction, however; and this week, Greenland Prime Minister Mute Egede immediately poured cold water on the idea that their territory could be sold to the U.S. "Greenland is ours," Greenland Prime Minister Mute Egede said this week, in response to Trump's suggestion. "We are not for sale and will never be for sale," he said. "We must not lose our long struggle for freedom." Meanwhile, Panamanian President José Raúl Mulino also disputed the notion that U.S. vessels have been singled out or paid higher fees to traverse the Panama Canal—as well as the notion that the U.S., which phased out its ownership beginning in the 1970s, has any right to reassert control over the shipping waypoint. In a video posted to social media earlier this week, Mulino reassured his country's people that the "sovereignty and independence of our country is non-negotiable." The Panama Canal is one of the largest and most strategically important commodity shipping waterways in the world. It handles roughly 5% of all global maritime trade and roughly 40% of U.S. container ship traffic. Picturesque Lake Gatun, Panama Canal. (Danuta Hamlin) Recent higher prices are primarily the result of drought and more competition, which sent water levels plummeting last year to their lowest point on record. Though water levels have since rebounded, operators of the canal were forced to temporarily limit vessel traffic and increase costs for ships using the waypoint. Other factors have also played a role in higher maritime shipping prices. A series of attacks on vessels in the Red Sea late last year prompted many major commodities shippers, including BP and Equinor, to pause or reroute their shipments away from the Suez Canal. Some opted to reroute supplies via the Cape of Good Hope, adding weeks of additional time to their trips. The Department of Government Efficiency, or DOGE, incorrectly claimed on social media last week that the Panama Canal cost U.S. taxpayers $15.7 billion. In fact, the higher costs are shouldered by the ships that pass through the waterway, in the form of tolls. The U.S. government does not subsidize the canal. 'AMERICA FIRST' VS. 'AMERICA LAST': WHAT DOES TRUMP'S RETURN MEAN FOR US FOREIGN POLICY? The gate locks on the Panama Canal open for ship traffic in Dec. 2023. Drought conditions have limited the number of vessels that can travel through the canal per day, adding more price pressure for shipping companies. (Danuta Hamlin) Panamanian authorities have stressed that the prices are not the result of "unfair" treatment, or capitulation to China or any other nation-state influence. "The canal has no direct or indirect control from China, nor the European Union, nor the United States or any other power," Mulino said in his remarks. "As a Panamanian, I reject any manifestation that misrepresents this reality." Still, Trump does not appear to be backing down on expansion claims. CLICK HERE TO GET THE FOX NEWS APP "The Panama Canal is considered a VITAL National Asset for the United States, due to its critical role to America’s Economy and National Security," Trump wrote in a Truth Social post Sunday. "A secure Panama Canal is crucial for U.S. Commerce, and rapid deployment of the Navy, from the Atlantic to the Pacific, and drastically cuts shipping times to U.S. ports." "We’re not going to stand for it," he said. "So, to the officials of Panama, please be guided accordingly." Breanne Deppisch is a politics reporter for Fox News Digital covering the 2024 election and other national news.Oklahoma's throwback offensive approach against Alabama gets LSU's attention

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