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Magic's Franz Wagner sidelined by torn obliqueUMaine breaks ground on new soccer, track and basketball facilitiesThe United States continues to lead the world in artificial intelligence ( AI ) innovation, according to the latest AI Index report from Stanford University 's Institute for Human-Centered AI. The report evaluates the "vibrancy" of the AI industry across various dimensions, including research activity, investment levels, and the pursuit of responsible AI practices. "The gap is actually widening" between the U.S. and China, said computer scientist Ray Perrault, director of the steering committee that oversees Stanford's AI Index. Stanford's findings show China eclipsed in key areas such as research output and private investment. "The U.S. is investing a lot more, at least at the level of firm creation and funding." The United States has maintained its top position since 2018, bolstered by substantial private AI investment, which reached $67.2 billion last year, significantly surpassing China's $7.8 billion. The U.S. also leads in publishing research focused on responsible AI development. Home to major AI companies like Google , Meta , OpenAI and Anthropic, the U.S. has produced numerous influential AI models that shape the technology's development and application. Additionally, the country has enacted several AI-related laws, though comprehensive federal regulations are still pending as the country waits on Republican President-elect Donald Trump 's approach. China, while trailing the U.S. in overall ranking, has demonstrated strong growth in AI innovation. The United Nations intellectual property agency reported that China has filed more patents related to generative AI than any other nation. It says, "China's focus on developing cutting-edge AI technologies and increasing its R&D investments has positioned it as a major AI powerhouse." Chinese universities have produced a significant volume of AI research publications, and companies like Baidu have developed notable AI models, such as the chatbot Ernie. The United Kingdom ranks third, attributed to its robust research and development infrastructure and leading computer science universities that cultivate a skilled AI workforce. The U.K. is also home to DeepMind , Google's AI subsidiary, whose co-founder recently received a Nobel Prize . The country has shown a high level of governmental engagement with AI, having more mentions of AI in parliamentary proceedings than any other nation, pushed by former Prime Minister Rishi Sunak . In the previous year, the U.K. hosted the world's first international AI safety summit . India follows closely in fourth place, supported by a strong AI research community, increased economic investments in AI, and active public discourse on AI topics across social media platforms. The United Arab Emirates placed fifth, having attracted significant investments including a $1.5 billion investment from Microsoft into the Abu Dhabi -based tech firm G42, which operates data centers and has developed Jais, considered the world's leading Arabic-language AI model. Completing the top 10 are France, South Korea, Germany, Japan and Singapore. France, home to the emerging AI startup Mistral, ranks high in AI policy and governance. Both France and Germany are part of the European Union 's sweeping new AI Act, which implements safeguards on various AI applications based on their risk levels. The EU is also following the U.S. in developing a plan to expand semiconductor production within the bloc. This article includes reporting from the Associated Press.
Lawsuit for Investors who Lost over $100,000 in shares of DMC Global Inc. (NASDAQ: BOOM) between May and Nov. 2024 announced by Shareholders Foundation
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Russia shares lower at close of trade; MOEX Russia Index down 2.06%Stocks closed higher on Wall Street, sending the Dow Jones Industrial Average to another all-time high. The Dow added 1% Monday to the record it set on Friday. The S&P 500 rose 0.3%, while the Nasdaq composite rose 0.3%. Treasury yields eased in the bond market after President-elect Donald Trump said he wants Scott Bessent, a hedge fund manager, to be his Treasury Secretary. Smaller companies can feel a big boost from easier borrowing costs, and the Russell 2000 index of small stocks jumped 1.5%, closing just shy of the record high it set three years ago. On Monday: The S&P 500 rose 18.03 points, or 0.3%, to 5,987.37. The Dow Jones Industrial Average rose 440.06 points, or 1%, to 44,736.57. The Nasdaq composite rose 51.18 points, or 0.3%, to 19,054.84. The Russell 2000 index of smaller companies rose 35.36 points, or 1.5%, to 2,442.03. For the year: The S&P 500 is up 1,217.54 points, or 25.5%. The Dow is up 7,047.03 points, or 18.7%. The Nasdaq is up 4,043.48 points, or 26.9%. The Russell 2000 is up 414.96 points, or 20.5%.
NoneVirgo, the week ahead calls for caution in both health and emotional equilibrium at the start. You may feel the pressure of various responsibilities, including the need to strategize against adversaries, settle debts, or tackle legal matters. The tension might make you feel somewhat drained, and ensuring proper rest and relaxation is paramount. As the week moves forward, harmony begins to return to your domestic and marital sphere. The midweek period is kind, bringing better relations among family members and especially strengthening the bond with your spouse or significant other. By the latter part of the week, however, obstacles resurface. Challenges in executing plans, unexpected setbacks, or intrusive individuals could test your patience. Mood swings and lowered energy need to be managed skillfully. The lesson is to maintain equilibrium—do not let sudden hurdles undermine the progress you have made. Love and Relationship: Initially, stress and health issues may cause you to be distant or less responsive to your loved ones. Communication could feel strained, as your mind is preoccupied with pressing matters. Make a conscious effort to explain your situation to your partner, who may be more supportive than you expect. In the midweek phase, a breath of fresh air enters your home. Greater understanding emerges between you and your spouse, igniting feelings of warmth, safety, and affection. If single, you might find comfort in close friends or confidants who know how to soothe your nerves. As the week nears its end, the re-emergence of obstacles and irritations might cast a shadow again. To sustain harmony, keep communicating openly, practice empathy, and remember that setbacks are temporary. Focus on what you’ve built together rather than the momentary frustrations. Education and Career: On the educational and professional front, the start of the week demands a strategic mindset. You could be analyzing ways to outsmart competitors, deal with administrative hiccups, or fulfill challenging academic requirements. Stress and fatigue may hamper your concentration, so plan your schedule carefully. By midweek, stability and calmness return. If working, you may find a supportive colleague or partner who steps in to share the load. Students may benefit from group study sessions or family members who help clarify complex topics. The improved domestic environment feeds into better focus and productivity. However, by the weekend, unwanted disturbances pop up again. This could mean delayed project approvals, technological glitches, or a sudden shift in a team member’s attitude. Persevere with patience—this week tests your resilience. The key to progress lies in being adaptable, even when confronted with delays and unpredictability. Money and Finance: Financially, the early part of the week might bring anxiety. Debts, loans, or pending bills could weigh heavily on your mind. Remember to seek expert advice if needed—don’t shoulder the burden alone. Midweek improvements in your personal life might indirectly help financially. A calmer household fosters clearer decision-making and reduces impulsive spending. You may also discuss money matters with your spouse or a trusted family member who offers sensible advice on saving or investing. By the final days of the week, unpredictabilities arise yet again. Perhaps a planned payment is delayed, an investment doesn’t yield the expected return, or a family expense crops up suddenly. Maintain composure and fall back on your previously devised financial strategies. In the end, careful planning and a focus on long-term stability will carry you through short-term hurdles. Health and Well-Being: Your well-being rides on how well you manage stress, especially at the start. Physical ailments—like headaches, digestive issues, or general fatigue—may surface if you neglect self-care. Since you’re facing pressures on multiple fronts, incorporate relaxation methods: deep breathing, short walks, or a warm bath can help soothe frazzled nerves. Midweek improvements at home translate into mental relief, which also helps your body recover. The sense of support and harmony refuels your energy, leaving you feeling more centered. Keep nourishing yourself with healthy meals and hydration to rebuild strength. By the weekend, though, the return of certain obstacles and annoyances might test your mood once more. This time, rely on the coping strategies you’ve learned. Acknowledge that setbacks are part of the journey and not a permanent state. With patience, a balanced lifestyle, and emotional resilience, you’ll emerge from this week wiser and healthier than before. Discover everything about the Astrology at Times of India .
SAN DIEGO , Dec. 7, 2024 /PRNewswire/ -- The Shareholders Foundation, Inc. announced that a lawsuit was filed for certain investors in DMC Global Inc. ( NASDAQ : BOOM) shares Investors who purchased more than $100,000 in shares of DMC Global Inc. (NASDAQ: BOOM) between May and November 2024 have certain options and there are short and strict deadlines running. Deadline: February 04, 2025 . Those DMC Global Inc. (NASDAQ: BOOM investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. On October 21, 2024 , DMC Global Inc. disclosed that it was "revising its guidance" for the quarter ended September 30, 2024 , stating that the Company's adjusted EBITDA is now expected to be approximately $5 million , down from prior guidance for $15 -18 million, and that the third quarter financial results "will include inventory and bad debt charges at DynaEnergetics totaling approximately $5 million , as well as lower fixed overhead absorption on reduced sales at both Arcadia and DynaEnergetics." The Company also revealed that the financial results will include an approximate $142 million non-cash goodwill impairment charge "associated with DMC's December 2021 acquisition of a controlling interest in Arcadia ." On November 4, 2024 , DMC Global Inc released its third-quarter financial results for the period ending September 30, 2024 . Among other results, the Company reported third quarter sales of $152.4 million , down 11% sequentially and year-over-year, as well as the previously disclosed non-cash goodwill impairment charge. Shares of DMC Global Inc. (NASDAQ: BOOM) declined from $15.98 per share on May 3, 2024 , to as low as $7.16 per share on November 21 , 2024. On December 06, 2024 , an investor in NASDAQ: BOOM shares filed a lawsuit against DMC Global Inc. The plaintiff alleges that between May 3, 2024 and November 4, 2024 , the defendants made materially false and misleading statements and failed to disclose the following adverse facts about DMC Global's business, operations, and prospects which were known to defendants or recklessly disregarded by them: (i) the goodwill associated with the company's principal business segment, Acadia Products, was overstated due to the adverse events and circumstances affecting that reporting segment; (ii) DMC Global's materially inadequate internal systems and processes were adversely affecting its operations; (iii) the company's inadequate systems and processes prevented it from ensuring reasonably accurate guidance and that its public disclosures were timely, accurate, and complete; (iv) as a result, defendants misrepresented DMC Global's operations and financial results; and/or (v) as a result, the company's public statements were materially false, misleading, or lacked a reasonable basis when made. Those who purchased shares of DMC Global Inc. (NASDAQ: BOOM) should contact the Shareholders Foundation, Inc. CONTACT: Shareholders Foundation, Inc. Michael Daniels +1 (858) 779-1554 mail@shareholdersfoundation.com 3111 Camino Del Rio North Suite 423 San Diego, CA 92108 The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon. View original content to download multimedia: https://www.prnewswire.com/news-releases/lawsuit-for-investors-who-lost-over-100-000-in-shares-of-dmc-global-inc-nasdaq-boom-between-may-and-nov-2024-announced-by-shareholders-foundation-302325435.html SOURCE Shareholders Foundation, Inc. Best trending stories from the week. Success! An email has been sent to with a link to confirm list signup. Error! There was an error processing your request. You may occasionally receive promotions exclusive discounted subscription offers from the Roswell Daily Record. Feel free to cancel any time via the unsubscribe link in the newsletter you received. You can also control your newsletter options via your user dashboard by signing in.
Sources: Belichick finalizing deal to be UNC coach‘Dìdi’ Star Joan Chen On Embracing Vulnerability Through Acting And Motherhood: “This Was A Part Of My Own Life Now Finding Its Expression”
President-elect Donald Trump’s lawyers urge judge to toss his hush money convictionWASHINGTON (AP) — FBI Director Christopher Wray told bureau workers Wednesday that he plans to resign at the end of President Joe Biden's term in January, an announcement that came a week and a half after President-elect Donald Trump said he would nominate loyalist Kash Patel for the job. Wray said at a town hall meeting that he would be stepping down “after weeks of careful thought,” roughly three years short of the completion of a 10-year term during which he tried to keep the FBI out of politics even as the bureau found itself entangled in a string of explosive investigations, including two that led to separate indictments of Trump last year as well as inquiries into Biden and his son. “My goal is to keep the focus on our mission — the indispensable work you’re doing on behalf of the American people every day,” Wray told agency employees. “In my view, this is the best way to avoid dragging the bureau deeper into the fray, while reinforcing the values and principles that are so important to how we do our work.” The intended resignation was not unexpected considering that Trump had settled on Patel to be director and had repeatedly aired his ire at Wray, whom he appointed during his first term. But his departure is nonetheless a reflection of how Trump's norm-breaking style has reshaped Washington, with the president-elect yet again flouting tradition by moving to replace an FBI director well before his term was up and Wray resigning to avert a collision with the incoming administration. “It should go without saying, but I’ll say it anyway — this is not easy for me," Wray said. “I love this place, I love our mission, and I love our people — but my focus is, and always has been, on us and doing what’s right for the FBI.” Wray received a standing ovation following his remarks before a standing-room-only crowd at FBI headquarters and some in the audience cried, according to an FBI official who was not authorized to discuss the private gathering by name and spoke on condition of anonymity to The Associated Press. Trump applauded the news on social media, calling it “a great day for America as it will end the Weaponization of what has become known as the United States Department of Injustice" and saying that Patel's confirmation will begin “the process of Making the FBI Great Again.” If confirmed by the Senate, Patel would herald a radical leadership transformation at the nation's premier federal law enforcement agency. He has advocated shutting down the FBI's Washington headquarters and called for ridding the federal government of “conspirators," raising alarms that he might seek to wield the FBI's significant investigative powers as an instrument of retribution against Trump's perceived enemies. Patel said in a statement Wednesday that he was looking forward to "a smooth transition. I will be ready to serve the American people on day one.” It's extremely rare for FBI directors to be ousted from their jobs before the completion of their 10-year terms, a length meant to insulate the agency from the political influence of changing administrations. But Trump has done it twice, placing Wray in the job in 2017 after firing Director James Comey amid an investigation into ties between Russia and the Republican president’s campaign. Despite having appointed Wray, Trump had telegraphed his anger with the FBI director on multiple occasions throughout the years, including as recently as the past week. In an interview with NBC’s “Meet the Press” that aired Sunday, Trump said, “I can’t say I’m thrilled with him. He invaded my home,” a reference to the FBI search of his Florida property , Mar-a-Lago, two years ago for classified documents from Trump’s first term as president. That search, and the recovery of boxes of sensitive government records, paved the way for one of two federal indictments against Trump. The case, and another one charging him with plotting to overturn the 2020 election, have both been dismissed by the Justice Department special counsel that brought them in light of Trump's November victory. Attorney General Merrick Garland praised Wray for having “served our country honorably and with integrity for decades.” He said: “Under Director Wray’s principled leadership, the FBI has worked to fulfill the Justice Department’s mission to keep our country safe, protect civil rights, and uphold the rule of law.” Natalie Bara, the president of the FBI Agents Association, said in a statement that Wray had led the FBI “through challenging times with a steady focus on doing the work that keeps our country safe. ” Throughout his seven years on the job, the self-professed "low-key, understated" Wray brought a workmanlike approach to the job, repeatedly preaching a “keep calm and tackle hard” mantra to bureau personnel despite a steady drumbeat of attacks from Trump and his supporters. He also sought to avoid public conflict when possible with the Trump White House, distancing himself and his leadership team from the FBI's Russia investigation over errors that took place before he took office and announcing dozens of corrective actions meant to prevent the recurrence of the surveillance abuses that plagued the inquiry. But there were other instances when he memorably broke from Trump — he did not agree, for instance, with Trump’s characterization of the Russia investigation as a “witch hunt." He made known his displeasure when the White House blessed the declassification of materials related to the surveillance of a former Trump campaign aide and contradicted a Trump talking point by stating that Ukraine had not interfered in the 2016 election. He repeatedly sought to keep the focus on the FBI's day-to-day work, using the bulk of his resignation announcement to praise the bureau's efforts in countering everything from violent crime and cyberattacks to Chinese espionage and terrorism. Yet as he leaves office at a time of heightened threats , much of the public focus has been on the politically sensitive investigations of his tenure. Besides the inquiries into Trump, the FBI in recent years also investigated Biden's handling of classified information as well as Biden's son Hunter for tax and gun violations. Hunter Biden was pardoned by his father last week. A particular flashpoint came in August 2022, when FBI agents searched Mar-a-Lago — an action officials defended as necessary given the boxes of documents that were being concealed at the Palm Beach property and the evidence of obstruction that the Justice Department said had been gathered. Trump railed against the FBI over that search and has kept up his criticism ever since. Trump was angered by Wray's comment at a congressional hearing that there was “some question about whether or not it’s a bullet or shrapnel” that struck Trump's ear during an assassination attempt in Pennsylvania in July. The FBI later stated unequivocally that it was indeed a bullet. Before being named FBI director, Wray worked at a prestigious law firm, King & Spalding, where he represented former New Jersey Gov. Chris Christie during the “Bridgegate” scandal. He also led the Justice Department’s criminal division for a period during President George W. Bush’s administration.Hydroxyphenyl Propamidobenzoic Acid: A New Antioxidant Power
World News | US: House Approves USD895B Defence Bill with Military Pay Raise, Ban on Transgender Care for MinorsEditor's Note: In an era marked by unprecedented global transformations, the world stands at a critical crossroads, grappling with deepening deficits in peace, development, security, and governance. As humanity faces unparalleled challenges during this tumultuous period, Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee and Chinese president, has put forth a solemn call to action through the Global Development Initiative (GDI), the Global Security Initiative (GSI), and the Global Civilization Initiative (GCI). The three pivotal initiatives address the pressing issues of our time, offering viable pathways and robust support for the building of a global community of shared future. Rooted in the rich historical experiences of the CPC's century-long struggle and infused with the wisdom of China's traditional culture, these initiatives are expected to unite the world in the pursuit of common progress and stability. To offer a deep understanding of the GDI, the GSI, and the GCI, and elaborate on their significance on a global scale, the Global Times is launching a series of articles featuring engaging stories and in-depth interviews to provide our readers with a comprehensive insight into the three initiatives. In this installment, we converse with artists and scholars from Latin America, exploring how the enhanced exchanges and mutual learning in the fields of literature, music, and art under the GCI proposed by President Xi are deepening the friendship between China and Latin America. Sculptures by Chinese artist Wu Weishan, titled "In Search of Wisdom - Confucius Asking Lao Tzu about the Tao," are displayed at Batlle Park in Montevideo, Uruguay, on May 29, 2024. Photo: Courtesy of the National Art Museum of China Chinese writer Ge Fei holds deep sentiments for Jorge Luis Borges. The Argentine writer had always been "a writer, poet, and scholar that I have full respect for. He is also renowned in novels, poetry, and literary theory, and no one in the world can deny this." Borges was an admirer of traditional Chinese culture. Chinese philosophy greatly influenced his works, such as "Kafka and His Precursors" and "The Garden of Forking Paths." He is the Latin American writer with the largest number of works translated into Chinese, and his work has significantly influenced Chinese authors including Yu Hua, Ma Yuan, and Sun Ganlu. His writing reflects his extensive knowledge of Chinese culture. In 1937, he published a review of the novel "Dream of the Red Chamber" by Cao Xueqin, one of the four classics of Chinese literature. Three years later, he published "The Book of Fantasy," featuring two translated episodes from "Red Chamber." In his essay "Kafka and his Precursors," he mentioned Tang dynasty poet Han Yu, and in the story "The Garden of Forking Paths," he again alluded to the "Red Chamber." While Borges never visited China, he made an invaluable contribution to the West's understanding and appreciation of China. In 2018, Chinese President Xi Jinping cited Borges in a signed article in an Argentine newspaper, writing that "the literary legend Jorge Luis Borges used Chinese allusions such as the butterfly dream of the philosopher Chuang Tzu and the Great Wall in his works, including The Paint Cane. And he indeed had a cherished Chinese paint cane in his possession." Numerous stories of exchanges between Chinese and Latin American writers including Borges are painting a vivid picture of mutual learning, a vivid practice of GCI proposed by President Xi, who stresses that promoting people-to-people exchanges and mutual learning is of great value in summoning the enormous wisdom and energy needed to advance the progress and development of human civilizations. The GCI can be a powerful engine for strengthening ties between China and Latin American countries by fostering cultural exchanges and direct cooperation between their people. Through projects that promote the exchange of cultural, educational, and artistic experiences, the GCI can serve as a bridge to build mutual understanding and bring the two regions closer, Ronnie Lins, director of the China-Brazil Center for Research and Business, told the Global Times. Twenty-three foreigners from nearly 20 countries, including the Chile, visit East China's Jiangsu Province, to experience local intangible cultural heritage, on July 10, 2024. Photo: VCG Tales of two peoples As an ancient Chinese poem reads, "If you have a friend afar who knows your heart, distance cannot keep you two apart." Although China and Latin America are far away from each other, the two peoples enjoy a long history of interactions and profound friendship. Recently, Enrique Teixeira, former Deputy Mayor of Campinas, Sao Paulo State, and more than 100 friendly personages from the Brazil-China Friendship Association, Sao Paulo University, Sao Paulo State University, and the Copacabana Fort Orchestra in Rio de Janeiro wrote to Xi, respectively, thanking the Chinese government, enterprises, and universities for their contributions to China-Brazil friendly exchanges and the improvement of local people's livelihoods. Founded in 2011, the Copacabana Fort Orchestra, made its first tour to China in September. The orchestra recruits young music enthusiasts aged 10 to 21 from various low-income communities in Rio de Janeiro. Thanks to the support of Chinese enterprises in Brazil, these young musicians regularly receive musical training. The orchestra has gained valuable development and has been recognized as an intangible cultural heritage of Rio de Janeiro State. "I believe that music is a universal language and a perfect medium for cultural exchange. By sharing Brazilian music and learning about Chinese music and culture, we aim to deepen mutual understanding between our countries. We hope that these exchanges will broaden the perspectives of our musicians and audiences, fostering a deeper appreciation for the shared qualities and values between cultures. For us, it is about building friendships and inspiring young musicians through a real connection with China," Marcia Melchior, founder and director of the Orchestra, told the Global Times. In Chile, Pablo Neruda, a Nobel Prize laureate in literature and a major poet in Chile, referred to China affectionately as a "great brother." Neruda made multiple visits to China and wrote poems such as Cancion de la Tierra China and El Viento de la Asia, in which he expressed his love and best wishes for China. His works have been widely read in China and have influenced many Chinese poets. Jose Venturelli (1924-88), a famous Chilean artist, lived in China for many years. He learned Chinese ink painting and created works such as the Yangtze River, which demonstrated his strong attachment to China. "These poems and paintings reflect the profound friendship between the two peoples," wrote President Xi in his signed article in a Chilean newspaper in 2016. In 2023, Chilean President Gabriel Boric kicked off an exhibition at the National Art Museum of China in Beijing, paying tribute to the Chilean artist Jose Venturelli for his contributions to the Chile-China friendship. "We have highlighted the pride we feel in having been the first country in South America to establish relations with China and, from there, a path was opened that we continue to broaden today and this path would surely not have been possible to open without Jose Venturelli," said Boric, adding that Venturelli was a man "who carries a message of peace to the world." Venturelli, a Chilean artist, was the first Latin American painter to visit China in 1952. He participated in the founding of the Chilean-Chinese Institute of Culture and contributed to the establishment of diplomatic relations between the two countries as well as the fostering of friendship between China and Latin America. While in China, he participated in a collective workshop at the Central Academy of Fine Arts in Beijing and befriended famous Chinese artists such as Qi Baishi, Wu Zuoren, and Li Keran. All these stories demonstrated that the GCI connects people with various cultural means, from paintings to literary works, as mutual understanding leads to further cooperation. Vibrant cultural ties This year, many people in China were charmed by the ancient Inca civilization at an exhibition held in the Southern Chinese metropolis of Shenzhen. The artifacts, ranging from leopard-print pottery and stone slabs adorned with mythical creatures to intricately crafted figurines, were shipped to China from 14 museums across Peru. Initially set to run from April to August, the exhibition was extended to October because of its popularity. The success of the exhibition underscored the vibrant cultural ties between China and Latin America, which are both home to some of the world's oldest and most influential civilizations. "Upon his arrival in Peru to participate in the APEC 2024 Summit, President Xi penned a message to the Peruvian people, in which he highlighted the close relationship that exists between the people of China and Peru, indicating that this is not a reflection of an economic or political interest of either party, but rather a desire for rapprochement and association based on ancient historical and cultural ties," Juan Carlos Capuñay, former Peruvian Ambassador to China, told the Global Times. Back in 2016, when Xi was in Peru on a state visit, Peru's National Museum of Archaeology, Anthropology, and History played host to the closing ceremony of the China-Latin America and Caribbean 2016 Year of Culture Exchange. Ivan Ghezzi Solis, then director of the museum, said he was taken aback by the Chinese president's insight into the nation's over 5,000 years of history. "People from countries that have seen the rise of great civilizations, such as Peru and China, understand better than anyone the importance of culture and history to give us a deep perspective on the world. Respect for the diversity of civilizations, while acknowledging and taking advantage of common values, is a path to cooperation and mutual progress," Solis told the Global Times. Linked dreams "Condition of good friends, condition of old wine." Xi cited a Brazilian proverb to describe the long-running friendship between the Chinese and Latin American people when addressing the Brazilian National Congress during a visit to the South American country in 2014. It was Xi's first visit to Brazil after assuming the Chinese presidency. Noting that he has visited Brazil four times and witnessed the development and changes in the country over the past 30 years, Xi said he feels very close to Brazil as he again stepped onto this passionate land. Xi made the remarks in a written statement upon his arrival in Brazil for the 19th G20 Leaders' Summit and a state visit to the country. The president published a signed article in Brazilian media outlet Folha de S. Paulo on November 17 titled "A Friendship Spanning Vast Oceans A Voyage Toward a Brighter Shared Future." In the article, Xi cited Brazil's renowned poets and writers Cecilia Meireles and Joaquim Maria Machado de Assis who translated poems from China's Tang Dynasty (618-907 AD), though not directly from Chinese. Their commendable endeavors reflect the resonance between our two cultures that defy time and space. In recent years, music, dance, and other forms of art, along with cuisine and sport, have become a new bridge connecting the people of our two countries, helping to enhance amity and mutual understanding, wrote Xi. Brazil's cute capybaras, bossa nova music, Samba dance, and Capoeira are immensely popular in China. China's traditional festivals like the Spring Festival and its cultural heritages such as traditional Chinese medicine are increasingly well-known among Brazilians, according to the article. "The 'Chinese Dream' and the 'Latin American Dream' are closely linked. Both sides should take the courage to pursue the dream and jointly make the dream come true," Xi said during the China-Latin America and the Caribbean Summit in Brasília in Brazil in July 2014. Today, in Tijuca National Park in Rio de Janeiro, there stands a "Chinese Pavilion." With its uniquely styled eaves, pillars, and pointed roof, it sits gracefully among lush greenery, attracting countless visitors. Since its building in 1903 to remember the Chinese tea farmers, who generously shared their expertise and taught the art of tea cultivation in Brazil 200 years ago, the pavilion will always tell the world about the bond "forged by tea" between the two nations and the fruitful results of the seeds of friendship between the two great civilizations.