
NoneSaturday, December 21, 2024 Lufthansa Group is advancing its commitment to sustainability and efficiency with an expanded order for Airbus A350-1000 aircraft. Increasing its firm commitment from 10 to 15 jets, the Group plans to integrate these state-of-the-art planes into its fleet between 2028 and 2030. This $2 billion USD investment underscores Lufthansa’s dedication to fleet modernization and environmental responsibility. Upon delivery, the airline will operate a total of 75 A350 aircraft, comprising 60 A350-900s and 15 A350-1000s, solidifying its position as one of the largest A350 customers worldwide. The A350-1000’s advanced technology reduces fuel consumption and emissions by 25% compared to older models, supporting Lufthansa’s goal of achieving net-zero emissions by 2050. Beyond sustainability, the A350-1000 is designed to enhance the passenger experience. With spacious cabins, advanced air filtration systems, and ergonomic seating across all classes, the aircraft offers travelers a quieter and more comfortable journey. This fleet expansion not only reflects Lufthansa Group’s operational ambitions but also its vision to lead the aviation industry into a sustainable future. By investing in cutting-edge technology, Lufthansa is setting new benchmarks for innovation and environmentally conscious air travel while maintaining its role as a global connector of people and destinations. Carsten Spohr , Chairman of the Executive Board and CEO of Deutsche Lufthansa AG: “Today’s order underscores our great confidence in our long-standing, close and successful partnership with Airbus. With the state-of-the-art A350 long-haul jets, we are accelerating the largest fleet modernization the Group has done so far. We are investing more than ever before to make air transport more sustainable, to achieve our CO2 reduction targets and at the same time offer our customers the highest level of comfort with a first-class travel experience. Including today’s order, the Lufthansa Group has ordered 770 aircraft from Airbus throughout its history and is proud to be the Airbus’ largest customer worldwide. With the upcoming integration of ITA Airways in January, the Airbus fleet of Lufthansa Group Airlines will grow by another 100 short- and long-haul aircraft.” New Aircraft: Key to Lufthansa Group’s CO2 Reduction Strategy The Lufthansa Group, with a current fleet of approximately 740 commercial aircraft, is implementing a long-term fleet strategy centered on premium quality, cost efficiency, and significant reductions in emissions. Following its latest order, the Group has around 250 new fuel-efficient aircraft on its order list, including 100 state-of-the-art long-haul jets. These advanced aircraft are set to replace less efficient, four-engine models such as the Boeing 747-400, Airbus A340-600, and Airbus A340-300, which are being gradually phased out. The new fleet additions are designed to consume up to 35% less fuel compared to their predecessors, resulting in significantly lower CO2 emissions. These measures are part of Lufthansa’s broader environmental commitment to halve its net CO2 emissions by 2030 compared to 2019 levels through reduction and compensation efforts, and to achieve carbon neutrality by 2050. Among the highlights of its fleet modernization is the Airbus A350-1000, ten of which were ordered in March 2023. Deliveries for this fuel-efficient aircraft, which is 73.8 meters long and offers 15% more capacity than the A350-900, are scheduled to begin in April 2026. The new aircraft will play a pivotal role in achieving Lufthansa’s ambitious sustainability goals.
How to join the Christmas Bird Count and what first-timers need to knowThe Gophers men’s basketball team overwhelmed Morgan State 90-68 on Sunday, but it was the final bullet point on how underwhelming Minnesota’s nonconference schedule has been this season. The Gophers (8-5) have a “strength of resume” ranked 156th in the nation, according to ESPN on Sunday. And Minnesota’s spot in the overall NET ranking (155) won’t improve come Monday, not with a win over a Morgan State team ranked nearly 200 spots lower at 353. Minnesota was a 22-point favorite and received a huge 22-point first half from Mike Mitchell to win easily in its final tune-up before Big Ten play resumes Thursday at home versus Purdue. Gophers head coach Ben Johnson in August expressed the difficulty to balance the competitiveness of the nonconference slate with who’s available to book and what’s best for this year’s team. “Sometimes the hardest thing for fans to grasp fully is so much of it is a numbers game,” Johnson said at the Minnesota State Fair. “It’s a give and take. You don’t know your team fully and you don’t know the other teams. Sometimes you can roll the dice and go with a team that, quote, might not have the name, but you know will be really good in their league, where if you play a Power Five team and they aren’t good in their league, the game means nothing. It’s great to have a name (opponent), but if they finish bottom four, the numbers go down.” Minnesota joined a multi-team, neutral-site event in Orlando around Thanksgiving but lost both games, to Wichita State and Wake Forest. They also lost to North Texas at The Barn earlier in November. Those three teams each have NET rankings in the Top 80. “There are a couple (of games) that we wish we had back,” Johnson said of the overall nonconference schedule. “Obviously Wichita State still stings. You feel like if you had a healthy Mike and play in the North Texas game. ... But when you have a new team, so much of it is hitting adversity and being able to figure it out.” While Morgan State (6-10) won’t help the U’s resume, the win should aid confidence before facing a Boilermakers team picked in preseason to win the Big Ten come March. Morgan State, which lost by 61 points to Xavier and by 27 to No. 3 Iowa State, played Sunday without leading scorers Winston Tabbs (16.1 points per game) and Amahrie Simpkins (12.7). Minnesota staked a 55-37 lead at the half on the back of Mitchell’s perfection. He made all eight jump shots, including six 3-pointers, for 22 points; that total bested his previous U high of 20 points against Ball State last season. Mitchell missed both of his two shots in the second half and sat during garbage time, falling one point short of his career-high while with Pepperdine in 2022. “I think it kind of built into that,” Mitchell said. “Teammates found me when I was open and the ball went in.” How did it feel once he finally missed? “Dang,” he said. The Gophers’ poorer start to this season came with Mitchell sidelined for seven games with a high ankle sprain — including all three defeats — and his return is vital as the U looks to dig out of an early 0-2 hole in conference play next week. Dawson Garcia added 18 points and eight rebounds, while Parker Fox chipped in 11 points as Minnesota used 11 players. Frank Mitchell returned Sunday after missing the Dec. 21 win over Farleigh Dickinson while in concussion protocol. He scored 10 points in 11 minutes on Sunday. “You want to come off (the holiday) break and have a little bit of momentum going into January,” Johnson said. “I think we did that.”Global Genomic Biomarkers Market Set For 17.4% Growth, Reaching $14.09 Billion By 2028Ex-Titans head coach pulled epic prank on GM, owner before getting fired | Sporting News
( MENAFN ) Brazilian energy and automation company WEG will invest €28 million (USD29 million) to establish a factory in Turkey for manufacturing industrial gearboxes, essential power transmission devices used in mechanical systems. The plant will be located in the Aegean province of Manisa and is designed to meet rising demand for the product while expanding the company’s production capacity. Covering an area of 12,000 square meters (approximately 129,170 square feet), the facility will link sales operations with WEG’s gearbox plant in Austria and its production of industrial electric motors in Turkey. WEG Group Turkey, the company's local subsidiary, currently employs 750 people, a number expected to grow by 150 with the creation of new jobs at the gearbox factory. Ahmet Burak Daglioglu, president of the Turkish Presidency’s Investment Office, told Anadolu that Turkey continues to attract foreign investment due to its strategic location, skilled workforce, and robust industrial infrastructure. Daglioglu also pointed out that WEG had previously acquired Turkey-based Volt Elektrik for USD88 million, underscoring the Brazilian company’s prominent role in energy and automation technologies. MENAFN21122024000045016755ID1109019648 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.– stood behind the lectern in the bowels of MetLife Stadium and addressed the media seated in front of him. His message wasn’t one for them, though. These words seemed postmarked for co-owners and . Get a quarterback. Get that quarterback to play well. “You’ll have an opportunity every game,” Daboll said. That was certainly the case in the . Their offense, abysmal so much of this season, erupted for their most points since they dropped 49 in a loss to the Saints in 2015. Quarterback was the biggest reason why. He scored five touchdowns (four passing) and threw for 309 yards. It might be too little, too late for Daboll, who’s trying to save his job. His words ring true, though: New York needs to find their quarterback. Only now, things are a bit more challenging. Things seemed so clear for the Giants on Sunday morning. This season, which was supposed to be spent celebrating the franchise’s 100th, had been a big blue embarrassment. The Giants were losers in 10 straight, couldn’t score on offense and were somehow worse on defense. They were shellacked by the Falcons – an uncompetitive disaster. They reached rock bottom. It was all worth it, though – the pain, misery. The reward for such futility was the No. 1 pick in the draft. After the Raiders beat the Jaguars last week, the Giants took control of it. Lose to the Colts. Lose to the Eagles. General manager , or a GM-to-be-hired-later, would have his choice of passers (Miami) or (Colorado). Then the Giants beat the Colts. They now hold the third or fourth pick in the draft, depending on the outcome of the Browns - Dolphins game. What tank? “That’s not talked about with us,” said receiver , who finished with five catches for 71 yards and a touchdown. “Guys are out here playing for their livelihoods. This is their job.” There is still a path to the Giants reclaiming the No. 1 selection. They need to lose to the Eagles in Week 18 – no small feat, considering the Eagles, with the No. 2 seed locked up, expect to rest starters. They then need the Browns to beat the Dolphins this week, followed by the Patriots beating the Bills and the Titans beating the Texans. That would give the Giants the No. 1 selection once more. If that doesn’t happen: They just must hope the Patriots finish with either the No. 1 or 2 pick. Unlike Tennessee and Cleveland, the Patriots have their quarterback of the future ( ). They’d be much more likely to trade down with the Giants so Schoen could go up and get his. It will be costly. It will almost certainly cost Schoen a future first-round pick (and then some). It’s a price he will have no choice but to pay. There’s a reason they say teams don’t tank in the NFL. There are far too many variables. You’re bound to have the ball bounce your way a time or two throughout the course of a 17-game season. Players, all of whom are physically gifted, will make plays. Unless you field incompetence – which the Giants flirted with at times this year – you’ll catch a break. That’s what happened to the Giants on Sunday. ( ) went off. returned a kick for a touchdown. threw a pair of interceptions. The Colts, despite 25 first downs and 446 yards of offense, with the ball in scoring position. Indianapolis had nine possessions reach the Giants' 35-yard line (or better). Three times they came away with zero points: Interception, missed field goal and turnover on downs. That was the difference. “We’re obviously not tanking,” said , who caught a 32-yard touchdown. “Football, you get hit. I'm not trying to go out there and just let people tee off on me to tank. I'm not about to let people dive at my knees for free.” Time will tell if Daboll returns as the Giants coach next year. It still seems unlikely. It won’t matter who the Giants replace him with, though, if they can’t fix what’s happened under center since retired. They need a quarterback. The path to one was once so clear. It’s much murkier now.
Explore Breakthroughs in AI Hardware at Our LinkedIn Live Webinar SANTA CLARA, Calif. , Dec. 4, 2024 /PRNewswire/ -- Achronix Semiconductor Corporation , a leader in FPGA-based hardware accelerator devices and high-performance eFPGA IP, is excited to announce an upcoming LinkedIn Live Webinar in collaboration with Google and Myrtle.ai and moderated by Alex Woodie , Managing Editor - BIGDatawire. The demand for energy-efficient, high-performance hardware is reshaping AI inferencing as large language models (LLMs), like Llama3, continue to revolutionize natural language processing. Join us at "The Rise of FPGA-Accelerated LLMs" LinkedIn Live webinar to dive into the transformative role of FPGA acceleration in AI workloads. Event Details: What You'll Learn: Featured Speakers: Why You Should Attend: Who Should Attend? This webinar is ideal for AI/ML engineers, CTOs, and technology decision-makers eager to stay ahead in AI inferencing and discover cutting-edge hardware solutions. Don't Miss Out! Secure your spot today and join us for this must-attend discussion on the future of AI hardware. Register Here About Achronix: Achronix is a global leader in FPGA-based hardware solutions, enabling unmatched acceleration for AI, networking, and data-intensive workloads. Products include the Speedster®7t FPGA family , SpeedcoreTM eFPGA IP , and VectorPath® accelerator cards , all supported by Achronix ACE software tools . Founded in 2004, Achronix has a proven track record of innovation and market leadership in the semiconductor industry. For more information, please visit www.achronix.com Media Contact: Jay Aggarwal Sr. Director of Product Marketing, Achronix jayaggarwal@achronix.com (408) 889-4100 View original content to download multimedia: https://www.prnewswire.com/news-releases/fpga-accelerated-llms-the-future-of-ai-inferencing-is-here-302322185.html SOURCE AchronixATLANTA — the peanut farmer who won the presidency in the wake of the Watergate scandal and Vietnam War, endured humbling defeat after one tumultuous term and then redefined life after the White House as a global humanitarian, has died. years old. The died on Sunday, more than a year after entering , at his home in the small town of Plains, Georgia, where he and his wife, who , spent most of their lives, The Carter Center said. “Our founder, former U.S. President Jimmy Carter, passed away this afternoon in Plains, Georgia,” the center said in posting about his death on the social media platform X. It added in a statement that he died peacefully, surrounded by his family. Businessman, Navy officer, evangelist, politician, negotiator, author, woodworker, citizen of the world — Carter forged a path that still challenges political assumptions and stands out among the 45 men who reached the nation’s highest office. The 39th president leveraged his ambition with a keen intellect, deep religious faith and prodigious work ethic, and well into his 90s. “My faith demands — this is not optional — my faith demands that I do whatever I can, wherever I am, whenever I can, for as long as I can, with whatever I have to try to make a difference,” Carter once said. In this Nov. 3, 2019, file photo, former President Jimmy Carter teaches Sunday school at Maranatha Baptist Church in Plains, Ga. A moderate Democrat, as a little-known Georgia governor with a broad smile, outspoken Baptist mores and technocratic plans reflecting his education as an engineer. His no-frills campaign depended on public financing, and his promise not to deceive the American people resonated after Richard Nixon’s disgrace and U.S. defeat in southeast Asia. “If I ever lie to you, if I ever make a misleading statement, don’t vote for me. I would not deserve to be your president,” Carter repeated before narrowly beating Republican incumbent Gerald Ford, who had lost popularity pardoning Nixon. Carter governed amid Cold War pressures, turbulent oil markets and social upheaval over racism, women’s rights and America’s global role. His most acclaimed achievement in office was a Mideast peace deal that he brokered by keeping Egyptian President Anwar Sadat and Israeli Prime Minister Menachem Begin at the bargaining table for 13 days in 1978. That Camp David experience inspired the post-presidential center where Carter would establish so much of his legacy. Yet Carter’s electoral coalition splintered under double-digit inflation, gasoline lines and the 444-day hostage crisis in Iran. His bleakest hour came when eight Americans died in a failed hostage rescue in April 1980, helping to ensure his landslide defeat to Republican Ronald Reagan. Carter acknowledged in his 2020 “White House Diary” that he could be “micromanaging” and “excessively autocratic,” complicating dealings with Congress and the federal bureaucracy. He also turned a cold shoulder to Washington’s news media and lobbyists, not fully appreciating their influence on his political fortunes. “It didn’t take us long to realize that the underestimation existed, but by that time we were not able to repair the mistake,” Carter told historians in 1982, suggesting that he had “an inherent incompatibility” with Washington insiders. Carter insisted his overall approach was sound and that he achieved his primary objectives — to “protect our nation’s security and interests peacefully” and “enhance human rights here and abroad” — even if he fell spectacularly short of a second term. FILE - From left, President Barack Obama, former President Jimmy Carter, first lady Michelle Obama and former President Bill Clinton wave from the Lincoln Memorial in Washington during a celebration of the 50th anniversary of the March on Washington where Martin Luther King Jr. spoke, Aug. 28, 2013. Ignominious defeat, though, allowed for renewal. The Carters founded The Carter Center in 1982 as a first-of-its-kind base of operations, asserting themselves as international peacemakers and champions of democracy, public health and human rights. “I was not interested in just building a museum or storing my White House records and memorabilia,” Carter wrote in a memoir published after his 90th birthday. “I wanted a place where we could work.” That work included easing nuclear tensions in North and South Korea, helping to avert a U.S. invasion of Haiti and negotiating cease-fires in Bosnia and Sudan. By 2022, The Carter Center had declared at least 113 elections in Latin America, Asia and Africa to be free or fraudulent. Recently, the center as well. Carter’s stubborn self-assuredness and even self-righteousness proved effective once he was unencumbered by the Washington order, sometimes to the point of . He went “where others are not treading,” he said, to places like Ethiopia, Liberia and North Korea, where he secured the release of an American who had wandered across the border in 2010. “I can say what I like. I can meet whom I want. I can take on projects that please me and reject the ones that don’t,” Carter said. He announced an arms-reduction-for-aid deal with North Korea without clearing the details with Bill Clinton’s White House. He openly criticized President George W. Bush for the 2003 invasion of Iraq. He also criticized America’s approach to Israel with his 2006 book “Palestine: Peace Not Apartheid.” And he repeatedly countered U.S. administrations by insisting North Korea should be included in international affairs, a position that most aligned Carter Among the center’s many public health initiatives, Carter vowed to eradicate the guinea worm parasite during his lifetime, and Cases dropped from millions in the 1980s to nearly a handful. With hardhats and hammers, the Carters also built homes with Habitat for Humanity. The Nobel committee’s 2002 Peace Prize cites his “untiring effort to find peaceful solutions to international conflicts, to advance democracy and human rights, and to promote economic and social development.” Carter should have won it alongside Sadat and Begin in 1978, the chairman added. Carter accepted the recognition saying there was more work to be done. “The world is now, in many ways, a more dangerous place,” he said. “The greater ease of travel and communication has not been matched by equal understanding and mutual respect.” FILE - Jimmy Carter gives his acceptance speech after accepting the Democratic nomination for president on the convention floor, July 15, 1976, at New York's Madison Square Garden. Carter’s globetrotting took him to remote villages where he met little “Jimmy Carters,” so named by admiring parents. But he spent most of his days in the same one-story Plains house — expanded and guarded by Secret Service agents — where they lived before he became governor. He regularly at Maranatha Baptist Church until his mobility declined and the coronavirus pandemic raged. Those sessions drew visitors from around the world to the small sanctuary where Carter will receive his final send-off after a state funeral at Washington’s National Cathedral. The common assessment that he was a rankled Carter and his allies. His prolific post-presidency gave him a brand above politics, particularly for Americans too young to witness him in office. But Carter also lived long enough to see biographers and historians reassess his White House years more generously. His record includes the deregulation of key industries, reduction of U.S. dependence on foreign oil, cautious management of the national debt and notable legislation on the environment, education and mental health. He focused on human rights in foreign policy, . He acknowledged America’s historical imperialism, pardoned Vietnam War draft evaders and relinquished control of the Panama Canal. He normalized relations with China. “I am not nominating Jimmy Carter for a place on Mount Rushmore,” Stuart Eizenstat, Carter’s domestic policy director, wrote in a 2018 book. “He was not a great president” but also not the “hapless and weak” caricature voters rejected in 1980, Eizenstat said. Rather, Carter was “good and productive” and “delivered results, many of which were realized only after he left office.” Madeleine Albright, a national security staffer for Carter and Clinton’s secretary of state, wrote in Eizenstat’s forward that Carter was “consequential and successful” and expressed hope that “perceptions will continue to evolve” about his presidency. “Our country was lucky to have him as our leader,” said Albright, Jonathan Alter, who penned a comprehensive Carter biography published in 2020, said in an interview that Carter should be remembered for “an epic American life” spanning from a humble start in a home with no electricity or indoor plumbing through decades on the world stage across two centuries. “He will likely go down as one of the most misunderstood and underestimated figures in American history,” Alter told The Associated Press. FILE - President Jimmy Carter and first lady Rosalynn Carter are pictured with their daughter Amy at the first of seven inaugural balls in Washington, Jan. 20, 1977, at the Pension Building. James Earl Carter Jr. was born Oct. 1, 1924, in Plains and spent his early years in nearby Archery. His family was a minority in the mostly Black community, decades before the civil rights movement played out at the dawn of Carter’s political career. Carter, who campaigned as a moderate on race relations but governed more progressively, talked often of the influence of his Black caregivers and playmates but also noted his advantages: His land-owning father sat atop Archery’s tenant-farming system and owned a main street grocery. , would become a staple of his political campaigns. Seeking to broaden his world beyond Plains and its population of fewer than 1,000 — then and now — Carter won an appointment to the U.S. Naval Academy, graduating in 1946. That same year another Plains native, a decision he considered more important than any he made as head of state. She shared his desire to see the world, sacrificing college to support his Navy career. Carter climbed in rank to lieutenant, but then his father was diagnosed with cancer, so the submarine officer set aside his ambitions of admiralty and moved the family back to Plains. even as she dived into the peanut business alongside her husband. Carter again failed to talk with his wife before his first run for office — he later called it “inconceivable” not to have consulted her on such major life decisions — but this time, she was on board. “My wife is much more political,” Carter told the AP in 2021. He won a state Senate seat in 1962 and its back-slapping, deal-cutting ways. He ran for governor in 1966 — losing to arch-segregationist Lester Maddox — and then immediately focused on the next campaign. Carter had spoken out against church segregation as a Baptist deacon and opposed racist “Dixiecrats” as a state senator. Yet as a local school board leader in the 1950s he had not pushed to end school segregation even after the Supreme Court's Brown v. Board of Education decision, despite his private support for integration. And in 1970, Carter ran for governor again as the more conservative Democrat against Carl Sanders, a wealthy businessman Carter mocked as “Cufflinks Carl.” Sanders never forgave him for anonymous, race-baiting flyers, which Carter disavowed. Ultimately, Carter won his races by attracting both Black voters and culturally conservative whites. Once in office, he was more direct. “I say to you quite frankly that the time for racial discrimination is over,” he declared in his 1971 inaugural address, setting a new standard for Southern governors that landed him on the cover of Time magazine. FILE - President Jimmy Carter leans across the roof of his car to shake hands along the parade route through Bardstown, Ky., July 31, 1979. The president climbed on top of the car as the parade moved toward the high school gym, where a town meeting was held. His statehouse initiatives included environmental protection, boosting rural education and overhauling antiquated executive branch structures. He proclaimed Martin Luther King Jr. Day in the slain civil rights leader’s home state. And he decided, as he received presidential candidates in 1972, that they were In 1974, he ran Democrats’ national campaign arm. Then he declared his own candidacy for 1976. An Atlanta newspaper responded with the headline: “Jimmy Who?” and Georgia supporters camped out in Iowa and New Hampshire, establishing both states as presidential proving grounds. His first Senate endorsement: a young first-termer from Delaware named Joe Biden. Yet it was Carter’s ability to navigate America’s complex racial and rural politics that cemented the nomination. He swept the Deep South that November, the last Democrat to do so, as many white Southerners shifted to Republicans in response to civil rights initiatives. A self-declared “born-again Christian,” Carter drew snickers by referring to Scripture in a Playboy magazine interview, saying he “had looked on many women with lust. I’ve committed adultery in my heart many times.” The remarks gave Ford a new foothold and television comedians pounced — including NBC’s new “Saturday Night Live” show. But voters weary of cynicism in politics found it endearing. Carter chose Minnesota Sen. as his running mate on a “Grits and Fritz” ticket. In office, he elevated the vice presidency and the first lady’s office. Mondale’s governing partnership was a model for influential successors Al Gore, Dick Cheney and Biden. Rosalynn Carter was one of the most involved presidential spouses in history, welcomed into Cabinet meetings and huddles with lawmakers and top aides. The Carters presided with uncommon informality: He used his nickname “Jimmy” even when taking the oath of office, carried his own luggage and tried to silence the Marine Band’s “Hail to the Chief.” They bought their clothes off the rack. Carter wore a cardigan for a White House address, urging Americans to conserve energy by turning down their thermostats. Amy, the youngest of four children, attended District of Columbia public school. Washington’s social and media elite scorned their style. But the larger concern was that “he hated politics,” according to Eizenstat, leaving him nowhere to turn politically once economic turmoil and foreign policy challenges took their toll. FILE - Former President Jimmy Carter uses a hand saw to even an edge as he works on a Habitat for Humanity home in Pikeville, Ky., June 16, 1997. Carter partially deregulated the airline, railroad and trucking industries and established the departments of Education and Energy, and the Federal Emergency Management Agency. He designated millions of acres of Alaska as national parks or wildlife refuges. He appointed a then-record number of women and nonwhite people to federal posts. He never had a Supreme Court nomination, but he elevated civil rights attorney to the nation’s second highest court, positioning her for a promotion in 1993. He appointed Paul Volker, the Federal Reserve chairman whose policies would help the economy boom in the 1980s — after Carter left office. He built on Nixon’s opening with China, and though he tolerated autocrats in Asia, pushed Latin America from dictatorships to democracy. But he couldn’t immediately tame inflation or the related energy crisis. And then came Iran. After he admitted the exiled Shah of Iran to the U.S. for medical treatment, the American Embassy in Tehran was overrun in 1979 by followers of the Ayatollah Ruhollah Khomeini. Negotiations to free the hostages broke down repeatedly ahead of the failed rescue attempt. The same year, Carter signed SALT II, the new strategic arms treaty with Leonid Brezhnev of the Soviet Union, only to pull it back, impose trade sanctions and order a U.S. boycott of the Moscow Olympics after the Soviets invaded Afghanistan. Hoping to instill optimism, he delivered what the media dubbed his “malaise” speech, although he didn’t use that word. He declared the nation was suffering “a crisis of confidence.” By then, many Americans had lost confidence in the president, not themselves. Carter campaigned sparingly for reelection because of the hostage crisis, instead for the Democratic nomination. Carter famously said he’d “kick his ass,” but was hobbled by Kennedy as Reagan rallied a broad coalition with “make America great again” appeals and asking voters whether they were “better off than you were four years ago.” Reagan further capitalized on Carter’s lecturing tone, eviscerating him in their lone fall debate with the quip: “There you go again.” Carter lost all but six states and Republicans rolled to a new Senate majority. Carter successfully negotiated the hostages’ freedom after the election, but in one final, bitter turn of events, Tehran waited until hours after Carter left office to let them walk free. FILE - President-elect Jimmy Carter waves to the crowd as he and his wife Rosalynn arrive at the Plains Baptist Church to attend services in Plains, Ga., Nov. 22, 1976. At 56, Carter returned to Georgia with “no idea what I would do with the rest of my life.” Four decades after launching The Carter Center, he still talked of unfinished business. “I thought when we got into politics we would have resolved everything,” Carter told the AP in 2021. “But it’s turned out to be much more long-lasting and insidious than I had thought it was. I think in general, the world itself is much more divided than in previous years.” Still, he affirmed what he said when he underwent treatment for a in his 10th decade of life. “I’m perfectly at ease with whatever comes,” . “I’ve had a wonderful life. I’ve had thousands of friends, I’ve had an exciting, adventurous and gratifying existence.” Jimmy Carter is shown at age 6, with his sister, Gloria, 4, in 1931 in Plains, Georgia. (AP Photo) This is a 1932 photo of Jimmy Carter at age 7 in Plains, Ga. (AP Photo) Lt. Jimmy Carter peers at instruments on submarine USS K-1 in a 1952 photo. Directly in front of Carter, smoking a cigar, is Don Dickson. He had forgotten he ever served with Carter until he came upon the photo during Christmas, 1977. A friend got it to the White House where Carter wrote: "To my friend Donald Dickson - Jimmy Carter, USS K-1 to White House." (AP Photo) FILE - In this Sept. 15, 1966 file photo, then Georgia State Sen. Jimmy Carter hugs his wife, Rosalynn, at his Atlanta campaign headquarters. Jimmy Carter, winner in Georgia's runoff primary in the Democratic Party to determine the party's candidate for the November election for governor, 1970. (AP Photo) Former State Sen. Jimmy Carter listens to applause at the Capitol in Atlanta on April 3, 1970, after announcing his candidacy or governor. In background, his wife Rosalyn holds two-year-old daughter Amy who joined in the applause. Carter, 45, of Plains, Ga., finished third in the 1966 Democratic Primary behind Gov. Lester Maddox and Ellis Arnall. (AP Photo/Charles Kelly) Democratic gubernatorial nominee Jimmy Carter and his wife Rosalynn clutch the microphones as he claims victory in a runoff election at campaign headquarters in Atlanta, Georgia, September 24, 1970. Carter beat former Georgia Governor Carl Sanders for the nomination and will face Republican candidate Hal Suit, veteran television newsman, in the general election Nov. 3, 1970. (AP Photo/Charles Kelly) Former state Sen. Jimmy Carter breaks into a broad smile after early returns gave him a lead of almost 2-1 in the Democratic runoff against former Gov. Carl Sanders, Sept. 23, 1970, in Atlanta, Ga. The winner will meet the Republic Hal Suit for the governorship of Georgia on the Nov. 3 general election. (AP Photo/Charles Kelly) Governor-elect Jimmy Carter and his daughter Amy, 3, walk about the grounds by the fountain at the Governor's Mansion in Atlanta, Ga., Jan. 10, 1971, as they get to know the place where they will live for the next four years. Carter will be sworn in as governor of Georgia Tuesday. (AP Photo) Judge Robert H. Jordan administers the oath of office to Gov. Jimmy Carter during ceremonies at the state capitol in Atlanta. Ga., Jan. 12, 1971. Next to the judge is former Gov. Lester Maddox, who will take over as lieutenant governer of Georgia. (AP Photo) Jimmy Carter of Georgia, seen here Feb. 6, 1971, already described as a symbol of a new breed of moderate southern politician, says that the race question has ceased to be a major issue "between or among candidates" running for office in the old confederacy. (AP Photo) Jimmy Carter, Governor of Georgia, is shown at his desk in Atlanta, on February 19, 1971. (AP Photo) Georgia's Gov. Jimmy Carter reaches for pen February 25, 1972 to sign a Georgia Senate House resolution opposing forced busing to achieve integration in the classrooms of the United States. Georgia Gov. Jimmy Carter joins a half-dozen Rockettes in a high kick, September 21, 1973, at Radio City Music Hall in New York, while visiting backstage before an afternoon performance. Carter is in New York to induce the film industry to make pictures in his state. (AP Photo/stf) Georgia Gov. Jimmy Carter, right, and Delaware Gov. Sherman Tribbitt say hello to Atlanta Braves Hank Aaron, left, following a rain canceled game with the Los Angeles Dodgers, Thursday, Sept. 27, 1973, Atlanta, Ga. The cancellation slowed Aaron’s opportunity to tie or break Babe Ruth’s home run record. (AP Photo) Georgia Gov. Jimmy Carter spoke to 18,000 messengers to the Southern Baptist Convention on Thursday, June 13, 1974 in Dallas, Texas. He urged Baptists to use their personal and political influence to return the nation to ideals of stronger commitment and higher ethics. He said "there is no natural division between a man's Christian life and his political life." (AP Photo/Greg Smith) Georgia Gov. Jimmy Carter tells a gathering, Saturday, Oct. 5, 1974 at the National Press Club in Washington about his ideas concerning energy conservation. (AP Photo) In this Thursday, Aug. 14, 1975 file photo, former Georgia Gov. Jimmy Carter announces in Washington that he qualified for federal matching funds to help finance his campaign for the 1976 Democratic presidential nomination. Former Georgia Gov. Jimmy Carter, right, drew about 5,000 people to Youngstown's Federal Plaza in Youngstown, Ohio, in his quest for support in Tuesday's Ohio Democratic primary, June 7, 1976. The presidential hopeful waded into the crowd, shaking hands and signing autographs. Carter, speaking to the largest crowd to assemble during his Ohio campaign, said 1976 would be a Democratic year because of the Watergate aftermath and other national ills. (AP Photo) In this Monday, Aug. 23, 1976 file photo, Democratic presidential candidate Jimmy Carter gives an informal press conference in Los Angeles during a campaign tour through the West and Midwest. On Wednesday, Aug. 12, 2015. (AP Photo) Democratic Presidential nominee Jimmy Carter, left, eats some freshly roasted barbecue chicken with his brother Billy Carter at Billy's gas station, Sept 11, 1976, Plains, Ga. The nominee had returned the night before from a week of campaigning, and planned to hold an impromptu press conference at the gas station. (AP Photo/Jeff Taylor) Democratic presidential nominee, Jimmy Carter, is all smiles as he talks with his brother Billy at the Carter Family Peanut warehouse, September 18, 1976. (AP Photo) Jimmy Carter stands in a large mound of peanuts at the Carter Peanut Warehouse in Plains, Ga., September 22, 1976. The Democratic party presidential nominee took an early morning walk through the warehouse to inspect some of the harvest. (AP Photo) FILE - In this Oct. 6, 1976 file photo with his wife Rosalynn Carter looking on at center, Democratic presidential candidate Jimmy Carter, center left, shakes hands with President Gerald Ford at the conclusion of their debate at the Palace of Fine Arts Theater in San Francisco, Calif. (AP Photo, File) Jimmy Carter, Democratic candidate for president, is joined by his daughter, Amy, as he waves from the rostrum at Fort Worth Convention Center, Texas, Sunday, Nov. 1, 1976. Carter and his family have been campaigning Texas, making a last minute bid for the state's 26 electoral votes. The others are not identified. (AP Photo) U.S. President-elect Jimmy Carter waves to supporters as he is surrounded by family members at a hotel in Atlanta, Ga., on Nov. 3, 1976. Carter won the presidential election by 297 electoral votes to 241 for Ford. Standing next to him is his wife, Rosalynn, and their daughter Amy Lynn, far right. The others are unidentified. (AP Photo) President-elect Jimmy Carter and his wife Rosalynn wipe tears from their eyes after returning to their home town in Plains, Ga., Nov. 3, 1976. The Carter family was greeted by local residents after returning from Atlanta. (AP Photo) President-elect Jimmy Carter leans over to shake hands with some of the people riding the "Peanut Special" to Washington D.C., Jan. 19, 1977. They will travel all night, arriving in Washington in time for Carter's inauguration as President tomorrow. (AP Photo) Jimmy Carter takes the oath of office as the nation's 39th president during inauguration ceremonies in Washington, D.C., on Jan. 20, 1977. Carter's wife, Rosalynn, holds the Bible used in the first inauguration by George Washington as U.S. Chief Justice Warren Burger administers the oath. Looking on at left are, Happy Rockefeller, Betty Ford, Joan Mondale, Amy Carter, and outgoing President Gerald Ford. Behind Carter is Vice President Walter Mondale. At far right is former Vice President Nelson Rockefeller. (AP Photo) Rosalynn Carter, left, looks up at her husband Jimmy Carter as he takes the oath of office as the 39th President of the United States at the Capitol, Thursday, Jan. 20, 1977, Washington, D.C. Mrs. Carter held a family Bible for her husband. (AP Photo) Jimmy Carter and first lady Rosalynn Carter walk down Pennsylvania Avenue after Carter was sworn in as the nations 39th President, Jan. 20, 1977, Washington, D.C. (AP Photo) FILE - In this Thursday, Jan. 20, 1977 file photo, President Jimmy Carter waves to the crowd while walking with his wife, Rosalynn, and their daughter, Amy, along Pennsylvania Avenue from the Capitol to the White House following his inauguration in Washington. (AP Photo/Suzanne Vlamis) In this Jan. 24, 1977 file photo, President Jimmy Carter is interviewed in the Oval Office of the White House in Washington. In this file photo dated May 1977, U.S. President Jimmy Carter, right, and Britain's Queen Elizabeth II with French President Valery Giscard d'Estaing, at Buckingham Palace in London. In this Feb. 20, 1978, file photo, President Jimmy Carter listens to Sen. Joseph R. Biden, D-Del., as they wait to speak at fund raising reception at Padua Academy in Wilmington, Del. (AP Photo/Barry Thumma, File) President Jimmy Carter tucks his thumbs into his jeans and laughs as he prepares to head down the Salmon River in Idaho August 1978 for a three day rubber raft float. (AP Photo) United States President Jimmy Carter, on a visit to West Germany in 1978, rides with Chancellor Helmut Schmidt during a review of United States Forces at a base near Frankfurt. (AP Photo) Egyptian President Anwar Sadat, left, U.S. President Jimmy Carter, center, and Israeli Prime Minister Menachem Begin clasp hands on the north lawn of the White House after signing the peace treaty between Egypt and Israel on March 26, 1979. (AP Photo/ Bob Daugherty) President Jimmy Carter, left, and Soviet President Leonid Brezhnev, right, sign the documents of the SALT II Treaty in the Vienna Imperial Hofburg Palace, Monday, June 18, 1979, Vienna, Austria. President Jimmy Carter leans across the roof of his car to shake hands along the parade route through Bardstown, Ky., Tuesday afternoon, July 31, 1979. The president climbed on top of the car as the parade moved toward the high school gym, where a town meeting was held. (AP Photo/Bob Daugherty) In this April 25, 1980 file photo, President Jimmy Carter prepares to make a national television address from the Oval Office at the White House in Washington, on the failed mission to rescue the Iran hostages. President Jimmy Carter applauds as Sen. Edward Kennedy waves to cheering crowds of the Democratic National Convention in New York's Madison Square Garden, Aug. 14, 1980. (AP Photo/Bob Daugherty) President Jimmy Carter raises a clenched fist during his address to the Democratic Convention, August 15, 1980, in New York's Madison Square Garden where he accepted his party's nomination to face Republican Ronald Reagan in the general election. (AP Photo/stf) Massachusetts Senator Edward M. Kennedy greets President Jimmy Carter after he landed at Boston's Logan Airport, Aug. 21, 1980. President Carter is in Boston to address the American Legion Convention being held in Boston. (AP Photo) President Jimmy Carter, left, and Gov. Bill Clinton of Arkansas enjoy a chuckle during a rally for Carter in Texarkana, Texas, Oct. 22, 1980. Texarkana was the last stop for Carter on a three-city one-day campaign swing through Texas. (AP Photo/John Duricka) In this Oct. 28, 1980 file photo, President Jimmy Carter shakes hands with Republican Presidential candidate Ronald Reagan after debating in the Cleveland Music Hall in Cleveland. (AP Photo/Madeline Drexler, File) Former US President Jimmy Carter, who had negotiated for the hostages release right up to the last hours of his Presidency, lifts his arm to the crowd, while putting his other hand around the shoulders of a former hostage in Iran, believed to be Bruce Laingen, at US AIR Force Hospital in Wiesbaden, Germany, Wednesday, January 21, 1981. Former Pres. Jimmy Carter, center, is joined by his wife Rosalynn and his brother Billy Carter during session of the Democratic National Convention, Tuesday, July 19, 1988, Atlanta, Ga. Billy had been recently diagnosed with cancer. (AP Photo/Bob Daugherty) Former U.S. President Jimmy Carter speaks to newsmen as PLO Chairman Yasser Arafat, right, looks on after the two men met in Paris Wednesday, April 4, 1990. Carter said he felt some leaders did not represent the region's yearning for peace. (AP Photo/Pierre Gieizes) Former U.S. President Jimmy Carter, center, introduces his wife Rosalynn, right, to Chinese Communist Party General Secretary Jiang Zemin, April 14, 1991 in Beijing. (AP Photo/Mark Avery) Former President Jimmy Carter gestures at a United Nations news conference in New York, April 23, 1993 about the world conference on Human Rights to be held by the United Nations in Vienna June 14-25. (AP Photo/Richard Drew) Former Presidents George Bush, left, and Jimmy Carter, right, stand with President Clinton and wave to volunteers during a kick-off rally for the President's Volunteer Summit at Marcus Foster Stadium in Philladelphia, PA., Sunday morning April 27, 1997. (AP Photo/Stephan Savoia) President Bill Clinton presents former President Jimmy Carter, right, with the Presidential Medal of Freedom, the nation's highest civilian honor, during a ceremony at the Carter Center in Atlanta Monday, Aug. 9, 1999. (AP Photo/John Bazemore) Former U.S. President Jimmy Carter adjusts his glasses during a press conference in Managua, Nicaragua, Thursday, July 6, 2006. The former president and 2002 Nobel Peace Prize winner is heading a delegation from the democracy-promoting Carter Center, based at Emory University in Atlanta, Georgia, to observe preparations for Nicaragua's Nov. 5 presidential election. (AP Photo/Esteban Felix) In this Friday, Dec. 8, 2006 file photo, former President Jimmy Carter signs copies of his book "Palestine: Peace Not Apartheid" at the Carter Center in Atlanta, Ga. (AP Photo/Ric Feld) Former President George H.W. Bush, left, watches as Jimmy Carter and Bill Clinton chat during a dedication ceremony for the Billy Graham Library in Charlotte, N.C., Thursday, May 31, 2007. (AP Photo/Gerry Broome) Former President Jimmy Carter poses for a portrait during the Toronto International Film Festival in Toronto, Monday, Sept. 10, 2007. (AP Photo/Carolyn Kaster) Former President Jimmy Carter poses on the red carpet for the documentary film, "Jimmy Carter: Man From Plains" during the Toronto International Film Festival in Toronto, Monday, Sept. 10, 2007. (AP Photo/Carolyn Kaster) Former President Jimmy Carter, right, and his wife Rosalynn wave to the audience at the Democratic National Convention in Denver, Monday, Aug. 25, 2008. (AP Photo/Jae C. Hong) Former President Jimmy Carter, right, and former first lady Rosalynn Carter are seen on stage at the Democratic National Convention in Denver, Monday, Aug. 25, 2008. (AP Photo/Paul Sancya) Former President Jimmy Carter waves to the crowd as he goes on stage at the Democratic National Convention in Denver, Monday, Aug. 25, 2008.(AP Photo/Paul Sancya) Former President Jimmy Carter, right, is seen with Democratic vice presidential candidate Sen. Joe Biden, D-Del., at the Democratic National Convention in Denver, Tuesday, Aug. 26, 2008. (AP Photo/Paul Sancya) President-elect Barack Obama is welcomed by President George W. Bush for a meeting at the White House in Washington, Wednesday, Jan. 7, 2009, with former presidents, from left, George H.W. Bush, Bill Clinton and Jimmy Carter. (AP Photo/J. Scott Applewhite) In this photo taken Saturday, May 29, 2010, former South Africa president Nelson Mandela, right, reacts with former US president Jimmy Carter, during a reunion with The Elders, three years after he launched the group, in Johannesburg, South Africa. (AP Photo/Jeff Moore, Pool) Former US President Jimmy Carter, center, one of the delegates of the Elders group of retired prominent world figures, holds a Palestinian child during a visit to the east Jerusalem neighborhood of Silwan, Thursday, Oct. 21, 2010. (AP Photo/Menahem Kahana, Pool) Former President Jimmy Carter, 86, leads Habitat for Humanity volunteers to help build and repair houses in Washington's Ivy City neighborhood, Monday, Oct. 4, 2010. (AP Photo/J. Scott Applewhite) FILE - In this Friday, Oct. 22, 2010 file photo, former president of Ireland, Mary Robinson, background right, looks at former U.S. president, Jimmy Carter, center, while visiting a weekly protest in the east Jerusalem neighborhood of Sheikh Jarrah. The protest was organized by groups supporting Palestinians evicted from their homes in east Jerusalem by Israeli authorities. (AP Photo/Bernat Armangue) Former U.S. President Jimmy Carter, his wife, Rosalynn, and former UN Secretary General Kofi Annan conclude a visit to a polling center the southern capital of Juba Sunday, Jan. 9, 2011. (AP Photo/Pete Muller) Former President Jimmy Carter signs his name in the guest book at the Jewish Community center in Havana, Cuba, Monday March 28, 2011. Carter arrived in Cuba to discuss economic policies and ways to improve Washington-Havana relations, which are even more tense than usual over the imprisonment of Alan Gross, a U.S. contractor, on the island. C (AP Photo/Adalberto Roque, Pool) Former U.S. President Jimmy Carter pauses during an interview as he and his wife Rosalynn visit a Habitat for Humanity project in Leogane, Haiti, Monday Nov. 7, 2011. The Carters joined volunteers from around the world to build 100 homes in partnership with earthquake-affected families in Haiti during a week-long Habitat for Humanity housing project. (AP Photo/Ramon Espinosa) Former U.S. President Jimmy Carter, sits prior to a meeting with Israel's President Shimon Peres at the President's residence in Jerusalem, Sunday, Oct. 21, 2012. Peres met two of 'The Elders', a group composed of eminent global leaders brought together by Nelson Mandela. (AP Photo/Sebastian Scheiner) Former U.S. President Jimmy Carter watches baseball players work out before Game 2 of the National League Division Series between the Atlanta Braves and the Los Angeles Dodgers, Friday, Oct. 4, 2013, in Atlanta. (AP Photo/Dave Martin) Former President Jimmy Carter speaks during a forum at the John F. Kennedy Presidential Library and Museum in Boston, Thursday, Nov. 20, 2014. Among other topics, Carter discussed his new book, "A Call to Action: Women, Religion, Violence, and Power." (AP Photo/Elise Amendola) President Jimmy Carter, left, and Rosalynn Carter arrive at the 2015 MusiCares Person of the Year event at the Los Angeles Convention Center on Friday, Feb. 6, 2015 in Los Angeles. (Photo by Richard Shotwell/Invision/AP) In this July 10, 2015, file photo, former President Jimmy Carter is seen in Philadelphia. (AP Photo/Matt Rourke, File) In a Sunday, Aug. 23, 2015 file photo, former President Jimmy Carter teaches Sunday School class at Maranatha Baptist Church in his hometown, in Plains, Ga. (AP Photo/David Goldman, File) Former President Jimmy Carter answers questions during a news conference at a Habitat for Humanity building site Monday, Nov. 2, 2015, in Memphis, Tenn. Carter and his wife, Rosalynn, have volunteered a week of their time annually to Habitat for Humanity since 1984, events dubbed "Carter work projects" that draw thousands of volunteers and take months of planning. (AP Photo/Mark Humphrey) Former President Bill Clinton, left, and former president Jimmy Carter shake hands after speaking at a Clinton Global Initiative meeting Tuesday, June 14, 2016, in Atlanta. (AP Photo/John Bazemore) Former U.S. President Jimmy Carter holds a morning devotion in Memphis, Tenn., on Monday, Aug. 22, 2016, before he and his wife Rosalynn help build a home for Habitat for Humanity. (AP Photo/Alex Sanz) Former president Jimmy Carter and Rosalynn Carter arrive during the 58th Presidential Inauguration at the U.S. Capitol in Washington, Friday, Jan. 20, 2017. (AP Photo/Andrew Harnik) In this Feb. 8, 2017, file photo, former President Jimmy Carter speaks during a ribbon cutting ceremony for a solar panel project on farmland he owns in his hometown of Plains, Ga. (AP Photo/David Goldman, File) Former President George W. Bush, center, speaks as fellow former Presidents from right, Barack Obama, Bill Clinton, George H.W. Bush and Jimmy Carter look on during a hurricanes relief concert in College Station, Texas, Saturday, Oct. 21, 2017. All five living former U.S. presidents joined to support a Texas concert raising money for relief efforts from Hurricane Harvey, Irma and Maria's devastation in Texas, Florida, Puerto Rico and the U.S. Virgin Islands. (AP Photo/LM Otero) Former President Jimmy Carter, 93, sits for an interview about his new book "Faith: A Journey For All" which will debut at no. 7 on the New York Times best sellers list, pictured before a book signing Wednesday, April 11, 2018, in Atlanta. (AP Photo/John Amis) Former President Jimmy Carter speaks as Democratic gubernatorial candidate Stacey Abrams listens during a news conference to announce Abrams' rural health care plan Tuesday, Sept. 18, 2018, in Plains, Ga. (AP Photo/John Bazemore) Former President Jimmy Carter and Rosalynn Carter are seen ahead of an NFL football game between the Atlanta Falcons and the Cincinnati Bengals, Sunday, Sept. 30, 2018, in Atlanta. (AP Photo/John Bazemore) Former President Jimmy Carter takes questions submitted by students during an annual Carter Town Hall held at Emory University Wednesday, Sept. 18, 2019, in Atlanta. (AP Photo/John Amis) Democratic presidential candidate former South Bend, Ind., Mayor Pete Buttigieg, left, meets with former President Jimmy Carter, center, at Buffalo Cafe in Plains, Ga., Sunday, March 1, 2020. (AP Photo/Matt Rourke) Former President Jimmy Carter reacts as his wife Rosalynn Carter speaks during a reception to celebrate their 75th wedding anniversary on July 10, 2021, in Plains, Ga. In this Nov. 3, 2019, file photo, former President Jimmy Carter teaches Sunday school at Maranatha Baptist Church in Plains, Ga. Former President Jimmy Carter, arrives to attend a tribute service for his wife and former first lady Rosalynn Carter, at Glenn Memorial Church, Tuesday, Nov. 28, 2023, in Atlanta. (AP Photo/Andrew Harnik) Former President Jimmy Carter arrives for the funeral service for his wife, former first lady Rosalynn Carter at Maranatha Baptist Church, Wednesday, Nov. 29, 2023, in Plains, Ga. The former first lady died on Nov. 19. She was 96. (AP Photo/John Bazemore) A sign wishing former President Jimmy Carter a happy 100th birthday sits on the North Lawn of the White House in Washington, Tuesday, Oct. 1, 2024. (AP Photo/Susan Walsh) FILE - Former President Jimmy Carter teaches Sunday school at Maranatha Baptist Church, in Plains, Ga., Nov. 3, 2019. Well-wishes and fond remembrances for the former president continued to roll in Sunday, Feb. 19, 2023, a day after he entered hospice care at his home in Georgia. (AP Photo/John Amis, File) Stay up-to-date on the latest in local and national government and political topics with our newsletter.
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Reserve Bank of Australia monetary policy Statement due today - what to watch Major indices close moderately lower across the board No surprise. Canada Trudeau says Canada will respond if Trump imposes tariffs Crude oil settles at $68.37 Atlanta Fed GDPNow growth estimate for 4Q remains at a robust 3.3% Goldman Sachs: BOC meeting on Wednesday – Base case and alternative scenario Canada to present autumn fiscal update on Dec 16 European equity close: French stocks lead the way New York Fed survey of consumers: One-year inflation expectations 3.0% vs 2.9% prior US employment trends 109.55 vs 107.66 prior US wholesale inventories 0.2% vs 0.2% estimate Treasury yields higher as China turns on the taps but bonds skeptical It's all about China today: Three stories are dominating Kickstart the FX trading day for Dec 9 w/a technical look at the EURUSD, USDJPY & GBPUSD BOE's Ramsden: Calmer markets this year could lead to greater risk-taking in the future ForexLive European FX news wrap: Aussie buoyed as China vows to ramp up stimulus next year Market moves: WTI crude oil up $0.99 or 1.47% at $68.19 US 10-year yields up 5 bps at 4.203% 2 year yield up 3.1 bps at 4.128% Bitcoin down -$4176 or -4.12% at $97,037 Gold up $27.75 or 1.05% at $2660.06 S&P 500 down -37.42 points or -0.61% at $6052.85 Nasdaq -123.08 points or -0.62% at 19736.69 The day started with the AUDUSD and NZDUSD leading the way to the upside (lower USD) on the back of increased Chinese stimulus measures helping the risk on flows for those countries currencies. Although both are off their highs heading into the US session close, they are maintaining solid gains of 0.80% and 0.62% respectively on the day. The JPY meanwhile tumbled (the USD rising) on the back of higher US yields. Overall, the USDJPY is down -0.85% on the day. The fall in the JPY represents the largest decline since November 6. The 10-year yield is trading up 5 basis points while the 2-year is up a more modest 3.1 basis points. The gain in yields come despite the 85% expectation that the Fed will cut rates by 25 basis points next week. Fundamentally, supporting the rising yields was the NY Fed survey of inflation expectations which rose modestly across the forward calendar: One-year inflation expectations rose to 3.0% from 2.9% last month (a four-year low) Three-year inflation expectations 2.6% vs 2.5% prior Five-year inflation expectations 2.9% vs 2.8% prior Also, US employment trends rose marking consecutive monthly gains for the first time in 2024. The increases in October and November added up to the largest two-month increase in the ETI since the torrid period of job gains in 2022 coming out of the pandemic. Recall that the US job gain and revision were higher than expectation on Friday supporting the ETI gains. Technically, The EURUSD is closing the day near the converged 100 and 200 hour moving averages at 1.0545. Move below that level and then the 100 bar MA on the 4-hour chart at 1.05307 would tilt the technical bias more to the downside. Stay above 1.0545 would give the buyers the upper hand with the 1.0592 to 1.0609 as a key upside target to get to and through. The AUDUSD is off its highs for the day that tested a swing area at 0.6471 to 0.6481. The fall from that resistance took the price back toward the 100-hour MA at 0.6430 (the price is trading at 0.6438 currently). The RBA is expected to keep rates unchanged when they meet in the new trading day. If the price moves below the 100 hour MA, that would tilt the technical bias more to the downside. Conversely. stay above and getting above the 200 hour MA at 0.6462 would have traders looking to break a swing area up to 0.6482 followed by the 38.2% of the move down from the November high at 0.6493. The USDJPY trended higher today, but did find some sellers near a swing area between 151.19 to 151.27. THe high reached 151.32. The price is trading at 151.22 within that swing area as the new day begins. Will the buyers keep the momentum going with the 38.2% of the move down from the November high at 151.736 as the next target, or will sellers push back to the downside after the sharp move higher on Momday?
Doug Pederson Talks About the Emotional Divisional Win Over the Titans
LONDON -- Arsenal stepped up their pursuit of Premier League leaders Liverpool by sealing a 2-0 win against Manchester United at the Emirates on Wednesday, once again highlighting their peerless ability to score from set-pieces. Second-half goals from Jurriën Timber and William Saliba , both from corners, clinched a comfortable win for the Gunners which left United coach Ruben Amorim with his first defeat since taking charge at Old Trafford last month. With Liverpool dropping two points after being held to a dramatic 3-3 draw against Newcastle St. James' Park, Arsenal reduced the gap between themselves and Arne Slot's team to seven points with the win against United. First defeat for Amorim, but Man United show progress Amorim warned that a "storm will come" ahead of Manchester United's visit to Arsenal. The new United coach arrived at the Emirates unbeaten in three games since arriving at the club last month, but the defeat against Arsenal ended that unblemished start. Editor's Picks Liverpool player ratings: Alexander-Arnold, Salah star in thriller vs. Newcastle 1h Adam Brown Who are the most 'clutch' in Premier League when it comes to scoring, stopping goals? 2d Ryan O'Hanlon Manchester City's era of dominance is fading away right before our very eyes 2d Mark Ogden Amorim said he expected United to endure a difficult period and that might now come considering a run of games that sees his side play Manchester City , Tottenham and Newcastle before the end of the month. But, while United were well-beaten in the end by the Gunners, there was enough shown by the players to suggest that Amorim's influence is beginning to have an effect. For a start, United played with purpose for much of this game and had a clear plan of what was expected of them. Amorim and his coaches have clearly drilled the players on the training ground and the back three looks convincing and in midfield, captain Bruno Fernandes looks like he could be a solution in a deeper-lying role. Mason Mount brought energy and tactical awareness to his position further forward and Leny Yoro 's appearance as a second-half substitute was the French teenager's first competitive game since his summer arrival from Lille following a lengthy foot injury lay-off. The manner of United's defeat -- two goals conceded from two corners -- and the way his team ran out of steam late in the game will be a concern, however. Amorim has already cited the need to improve the squad's physical condition and that is a job that is still to be done. But there are signs of progress. Amorim is giving all his players a chance to make or break their United careers and he is seeing them win and now lose, which will help him learn more about their capabilities. By the time United return to the Emirates for an FA Cup third round tie in January, expect them to be better still and more likely to emerge with a positive result. -- Mark Ogden Arsenal cut into Liverpool's lead Gunners manager Mikel Arteta last week warned Liverpool that a big lead at the top of the table is no guarantee of anything, suggesting that "suddenly when you think you have it, one day it collapses." A 3-3 draw at Newcastle does not constitute a collapse by Liverpool but it did present an opportunity for the chasing pack to chip away at their nine-point lead. Chelsea and Manchester City did so in the slightly earlier kick-offs with wins against Southampton and Nottingham Forest respectively, ramping up the pressure on the Gunners to follow suit. They were just wrapping up those victories around the time Timber opened the scoring at Emirates Stadium on 54 minutes, settling palpable nerves in the stands after a first-half in which United did a good job of stifling their opponents. Arsenal held their nerve despite an opening 45 minutes in which they never really got going and Arteta will be pleased with the maturity his team showed in maintaining their composure and finding the breakthrough. From the moment they took the lead, United never seriously threatened aside from Matthijs De Ligt's 67th-minute header and, after Saliba's goal six minutes later, the Gunners were left to close a relatively comfortable win, which will fuel their self-belief that Liverpool can be caught. A winnable run of league games until the New Year awaits: Fulham away, Everton at home, Crystal Palace away and Ipswich at home. Maximum points would put Liverpool under further pressure. -- James Olley Amorim gives Man United energy from the touchline The new Manchester United head coach is a bundle of energy on the touchline, and his passion and drive is rubbing off on his new team. Erik ten Hag's successor was constantly coaching, cajoling and berating his players from the technical area, with left-back Tyrell Malacia pretty much given a personal one-on-one coaching session as he attempted to deal with Arsenal's Bukayo Saka during the first-half. Amorim was organising his players, telling them to be more compact as a defensive unit and also urging them to hit Arsenal quicker on the break. His frustration, too, was evident whenever an attacking move broke down because his forwards -- usually Alejandro Garnacho -- cut back and failed to be more direct. There are shades of Jurgen Klopp in Amorim's actions on the touchline, although he has yet to be quite as critical of the officials as the former Liverpool manager. But compared to Ten Hag, who often stood motionless on the touchline with his hands in his pockets, Amorim is a much livelier character and his players feed off it because they know they have to step it up to impress their new boss. -- Ogden No Gabriel, no problem from set-pieces for Arsenal When Thomas Partey made an embarrassing hash of a close-range near-post header in the eighth minute, it was tempting to speculate how much Arsenal would miss their biggest threat from set-pieces. They scored 32 Premier League goals from dead-ball situations last season -- a league high -- and from corners the figure is even starker. No Premier League team has scored more goals from corners since the start of last season than Arsenal's 22 and in the past three years, no defender has netted more than Gabriel's 15. As a reminder of the Brazilian's enduring threat, he scored in Arsenal's previous two matches before missing out here with a thigh injury -- against Sporting CP in the Champions League last week and then the opening goal in Saturday's 5-2 thrashing of West Ham. Instrumental in that corner routine at the London Stadium was Timber, whose gentle near-post nudge on Lucas Paquetá enabled Gabriel to meet Bukayo Saka's delivery. This time, Timber got the telling touch himself from Declan Rice 's corner to score his first goal for the Gunners. They were at it again in the 73rd-minute. Saka's delivery to the far post found Partey unmarked and this time his header back across goal hit Saliba and flew in. Arteta celebrated both goals with Arsenal's set-piece coach Nicolas Jover -- it is a familiar sight these days and Arsenal's unparalleled potency from dead-ball situations decided another contest in their favour. -- Olley
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Jet crash disaster in South Korea marks another setback for BoeingThe Kingdom of Saudi Arabia (KSA) has achieved a groundbreaking milestone in the economic diversification process through the extraction of lithium prominently called “white gold” from oil field brines, marking a significant shift from historical dependence on oil towards other natural sources. The Kingdom’s state-owned petroleum company Saudi Aramco has just completed a pilot project that demonstrates the feasibility of extracting this valuable “white gold” mineral from its current oil fields near the sea. The extraction project is being conducted in cooperation with Lithium Infinity (Lihytech) – a startup founded based on the King Abdullah University of Science and Technology, Saudi Arabian mining company Ma’aden, and Aramco. Deputy Minister of Mining Affairs of Saudi Arabia Khalid bin Saleh Al-Mudaifer noted that the innovation was discovered at the university. “They are extracting lithium through the new technology developed in King Abdullah University for Science and Technology. They are in accelerated development in this regard,” Al-Mudaifer said quoted by Reuters . “They are building a commercial pilot at the oil fields. So the brines that come out of the field will feed into this continuously,” he added. The discovery aligns with the goals of Saudi Arabia’s Vision 2030 as the country aims to diversify the oil-dependent economy. The extraction costs presently remain high in comparison to the traditional salt flat techniques, but Al-Mudaifer remains optimistic about the commercial potential of the project as the global demand for lithium continues to grow. Currently, Lithium-ion (Li-ion) batteries are used to power up almost every electronic gadget from electric cars, laptops, and smartphones, to emergency lights, toys, and pretty every gadget used in daily life. Other key oil companies such as Exxon Mobil and Occidental Petroleum are also testing lithium extraction technologies pointing to a global shift towards green energy sources. Lithium has been confirmed as an area of interest for Aramco and the company has acknowledged the process of extraction. This is not only a source of additional revenue but a new history that Saudi Arabia is going to write for itself in the energy segment where the Kingdom will shift from an oil-dependent economy to a technology-driven hub of the world’s energy transformation. Lithium is known as “white gold” because of its silvery-white colour and its value in the market. The metal is the lightest and least dense solid element at room temperature. It’s also highly reactive and flammable. Lithium is abundant in the Earth’s crust, but it’s spread out very finely. Researchers estimate that there are around 200 billion tonnes of lithium in the world’s oceans, and 98 million metric tons in rocks and salt lakes on land.I'm A Celebrity fans demand action after repeated name mistakes on ITV show
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