Children love festive story books and books make great stocking fillers. Here are the six festive children’s books recommended by librarians. Pig the elf by Aaron Blabey No one loves Christmas more than Pig. And the world’s greediest Pug will stay up all night to get his presents. Why I love Christmas Illustrated by Daniel Howarth Featuring children’s own words, this book is an ideal stocking filler. From Christmas trees to Christmas cake and everything in between, it includes the things that children love about Christmas. Santa Claus and the three bears by Maria Modugno Papa Bear, Mama Bear and Baby Bear weren’t expecting any company when they went for a walk on Christmas Eve. This book delivers a festive twist on Goldilocks and the Three Bears, with Santa Clause stepping in as a cheerful intruder. The prose is accompanied by beautiful watercolour pictures. Dave’s Christmas Cracker by Sue Hendra Dave loves Christmas. There are friends, decorations, presents and, best of all, there is an enormous Christmas meal including lots of Brussels sprouts. Rumble, rumble goes Dave’s tummy. Christmas is going to be explosive! The Bush Santa illustrated by Mandy Foot As the sun sets on Christmas Eve, the Bush Santa’s big night begins. He travels around Australia delivering special presents to all the Aussie animals from the cockies in Cairns and the crocs of the Top End, to the wallabies in Canberra and the quokkas of Rottnest Island. An Aussie Night before Christmas by Yvonne Morrison Christmas in the middle of an Australian summer means Santa has to find new ways to deliver his presents. The obvious solutions are to don a sun hat, shorts and a pair of thongs, not to mention ditching the sleigh and reindeer for roos and a ute. Each line of this traditional verse has been rewritten with Aussie references.
Purdue Fort Wayne defeats Green Bay 83-67Telecommunications expert Paul Budde continued to produce must-read analysis during 2024, including this much-read January article on the NBN. ***** While improvements have been made to Australia's fibre broadband network, a study has revealed that users are still relying on slower download speeds. Paul Budde reports. THE GOVERNMENT'S initiative to enhance the National Broadband Network ( NBN ) has expanded eligibility for full-fibre broadband upgrades to over 3 million Australians. An additional 400,000 homes and businesses are set to benefit from this plan, as the latest list of eligible suburbs and towns has been unveiled. These newly eligible premises were previously serviced by the infamous Multi-Technology Mix , based on copper cable connections, a system concocted by the former Coalition Government. The copper network is known for its slower speeds, lower reliability, higher maintenance costs and increased likelihood of prolonged faults. In contrast, the full-fibre broadband – as it was already envisaged nearly 20 years ago – offers world-class performance, ensuring faster upload and download speeds, as well as a more reliable connection for both residents and small businesses. NBN analysis shows Australia's broadband infrastructure advancing New data shows an improvement in Australia's broadband performance while highlighting ongoing challenges for regional customers. The transition to full fibre has contributed to increased productivity savings; this can be translated to NBN users saving over 100 hours and $2,580 annually by utilising higher-speed broadband. According to NBN research , the network has generated a substantial economic uplift of $122 billion by 2022, leading to the creation of approximately 169,000 additional jobs — a 1.3% increase in Australia's labour force. By the end of December 2023, 75% of premises in the NBN fixed-line network will have the opportunity to access fibre directly to their homes, enjoying download speeds of nearly one Gbps through NBN's fastest residential plan. Upgrades will be available on-demand for eligible households or businesses opting for higher-speed plans, with no upfront installation costs. The Government's commitment to invest $2.4 billion, as outlined in the October 2022 Budget , has facilitated these upgrades, aiming to extend full-fibre access to an additional 1.5 million premises by the end of 2025. Minister for Communications Michelle Rowland emphasised the crucial role of affordable, reliable and high-speed broadband, stating that it is no longer a luxury but an essential requirement for work, learning, transactions, government services and telehealth. She highlighted the significant progress in delivering a better NBN, enabling millions of Australians to order full fibre and emphasising the economic benefits of quality broadband, including support for local manufacturing and job creation. NBN Co coming clean on underperforming broadband services NBN Co is taking steps to improve Australia's broadband network to meet consumer demands, as revealed in its latest service plan. Other interesting internet data was published by Cloudflare . Its analysis of internet download speeds in Australia reveals that 50 Mbps and 100 Mbps are dominant connection speeds, with over one-third of connections falling within these ranges. The overall average download speed for Australian users using Cloudflare 's speed test tool is 68Mbps. Cloudflare measures the real speeds that users experience, not the speed package that they purchase. The most common speed used is between 50 and 55 Mbps (close to 10% of users). A relatively low number – just above 5% – use speeds of between 90 and 95 Mbps. Other interesting findings of this study indicate that the measurements taken could indicate that alternative access methods, such as mobile broadband or fixed wireless, are used as well; this is reflected in the fact that 11.24% of results fall between 60 and 90 Mbps. Another conclusion that the study revealed was that legacy connections below 40 Mbps account for 22.33% and that 6.29% of Australian speed tests were below 10 Mbps in 2023. Less than 1% of measurements indicated people using speeds above 100Mbps and less than 0.03% use speeds above one Gbps. Interestingly, globally, Iceland leads Cloudflare 's speed test rankings with an average speed of 282.5 Mbps. In terms of mobile usage, 35.67% of traffic from Australia to Cloudflare 's platform comes from mobile devices, while 64.33% is from desktops, aligning with global trends. NBN finally gets an upgrade and hopefully we can afford it NBN Co revealed its 2024 Corporate Plan, outlining its strategies to enhance its network capabilities and improve user experiences across Australia. Paul Budde is an Independent Australia columnist and managing director of Paul Budde Consulting , an independent telecommunications research and consultancy organisation. You can follow Paul on Twitter @PaulBudde . Related Articles Labor Government promises NBN to remain in public hands NBN market sees smaller telcos gain ground NBN Co rising above challenges as demand for fibre grows NBN lags behind New Zealand in latest OECD broadband rankings It's confirmed: Fibre offers the best NBN infrastructure This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Australia License Support independent journalism Subscribe to IA. 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Both Taiwan Semiconductor Manufacturing ( TSM -0.70% ) and ASML ( ASML -0.32% ) play critical roles in the semiconductor industry. Taiwan Semiconductor, or TSMC for short, is the world's leading semiconductor contract manufacturer. Given the cost to build manufacturing facilities (called fabs or foundries), the high capacity utilization needed for foundries to run profitably, and the technological expertise needed, most semiconductor companies prefer to just design chips and hire a third party to manufacture them. This is where TSMC fits in. ASML, meanwhile, makes the equipment that companies like TSMC use to manufacture semiconductors. While it has competitors, it is considered to have a near monopoly on extreme ultraviolet ( EUV) lithography, which are highly complex machines used to create advanced chips. This year, TSMC's stock has been the clear winner, up more than 90% as of this writing. ASML's stock, meanwhile, has fallen about 5% in 2024. Let's look at which stock could be set to outperform in 2025. Both stocks are riding the chip boom TSMC has been a big beneficiary of the overall proliferation of chips as well as the artificial intelligence (AI) infrastructure boom. The company's technological expertise has vaulted it to the forefront of advanced chip manufacturing. As such, the biggest chipmakers in the world, including Apple , Nvidia , and Broadcom , rely on it to manufacture their most advanced chips. Surprisingly, the AI chip boom has not helped all chip manufacturers, as TSMC's biggest rivals, Intel and Samsung , have struggled. This has allowed the company not only to gain share, but also to exert strong pricing power. In turn, this led to a strong gross margin for TSMC. TSMC saw strong growth this year, including seeing its third-quarter revenue jump 36% year over year to $23.5 billion. Meanwhile, its gross margin improved by 460 basis points sequentially to 57.8%, which helped lead to a 50% year-over-year increase in its earnings per American depositary receipt (ADR). 2025 is also setting up to be another good year for the company. According to Morgan Stanley , the company is set to nicely increase prices in 2025. Meanwhile, given the demand for AI and other chips, TSMC has been expanding to try to help companies like Nvidia keep up with demand. It also just announced its new fab in Japan had started mass chip production. TSMC's expansion should presumably help ASML, as it is one of its big three customers along with Samsung and Intel for its newer technology. But the company has called 2024 a transition year as it moves to its next-generation high-NA EUV technology. This transition appears to have slowed some orders. TSMC, meanwhile, has also balked at the high price of the new ASML machines (prices range from $350 million to $380 million per machine), but it is now expected to receive a machine by year-end. However, it has said it doesn't need the technology for producing current high-end chips, and it looks like it won't use the machines for mass production until at least 2030. Intel has been the company most receptive to ASML's new technology, being the first to get a new high-NA EUV technology machine, but its foundry business has struggled. Revenue fell for the segment last quarter, while losses have been mounting. The company is now in a bit of disarray following the retirement of its CEO in early December and reports it is looking to spin off its foundry business. As one of its big three customers, ASML could be affected. Nearly half of ASML's revenue in 2024, meanwhile, has come from China. This is despite the fact that the company is prohibited from selling its newer chipmaking technology to the country. This is a big shift from recent years, as China was just 9% of its revenue in the fourth quarter of 2022. This could be the result of Chinese companies rushing to get equipment on fears that export bans could expand to even older technology. While all this has led to some uncertainty surrounding ASML, the company is still basically a monopoly for high-end semiconductor equipment, and as chip production continues to grow, it should eventually benefit. Valuation and verdict From a valuation standpoint, TSMC is the cheaper stock trading at a forward price-to-earnings (P/E) ratio of around 22, while ASML's forward P/E currently sits at 29. TSMC has also been growing its revenue more quickly, up 36% last quarter versus 12% growth for ASML. TSM PE Ratio (Forward 1y) data by YCharts While TSMC is the cheaper stock growing more quickly, I wouldn't count ASML out. The semiconductor equipment business can be a bit lumpy, but this is a company with a virtual monopoly on high-end chipmaking machines in a market that is seeing continued increasing demand for advanced AI chips. Over the long term, it is set to be a winner. That said, for next year, TSMC edges it out as my pick. Fortunately, investors don't have to pick one or the other and can feel comfortable buying both for 2025.
The longest-lived American president died on Sunday, more than a year after entering hospice care , at his home in the small town of Plains, Georgia, where he and his wife, Rosalynn, who died at 96 in November 2023 , 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, conducting diplomatic missions into his 80s and building houses for the poor 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. A president from Plains A moderate Democrat, Carter entered the 1976 presidential race 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. And then, the world 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 began monitoring U.S. elections 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 frustrating his successors . 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 with Republican President Donald Trump. Among the center’s many public health initiatives, Carter vowed to eradicate the guinea worm parasite during his lifetime, and nearly achieved it: 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.” ‘An epic American life’ 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 taught Sunday School lessons 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 better ex-president than president 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, pressuring dictators to release thousands of political prisoners . 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, who died in 2022. 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. A small-town start 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. His mother, Lillian , 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 he married Rosalynn Smith, 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. His decision angered Rosalynn, 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 but wasn’t long for the General Assembly 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. 'Jimmy Who?' 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 no more talented than he was. 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?” The Carters and a “Peanut Brigade” of family members 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. Walter “Fritz” Mondale 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. Accomplishments, and ‘malaise’ 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 Ruth Bader Ginsburg 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 sending Rosalynn as Sen. Edward M. Kennedy challenged him 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. 'A wonderful life' 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 cancer diagnosis in his 10th decade of life. “I’m perfectly at ease with whatever comes,” he said in 2015 . “I’ve had a wonderful life. I’ve had thousands of friends, I’ve had an exciting, adventurous and gratifying existence.” Former Associated Press journalist Alex Sanz contributed to this report.
Minister of the Federal Capital Territory (FCT), Nyesom Wike, has fired back at the former governor of Rivers state, Dr Peter Odili, saying “an elder statesman should not be a trader and a sycophant all the time.” Wike, who was speaking at the Special Thanksgiving Service organised by Speaker of the Rivers State House of Assembly, Hon. Martin Chike Amaewhule, at the Church of Nigeria (Anglican Communion), Oro-Igwe/Eliogbolo Archdeaconry Church of the Holy Spirit, Eliozu Parish, Port Harcourt, Sunday, said it was unfortunate that somebody who is supposed to be seen as an elder statesman and called a father could reduce himself to a sycophant and a trader. He asked; “Must you be a trader all the time? As governor for eight years, what else are you looking for?” The minister said; “You know, I didn’t want to say anything but somebody called me last night, and told me what someone said in the social media. I said until I read it myself. This morning, I read in the newspapers, what our former Governor, Sir Dr Peter Odili said. “What did he say? He said that the present governor has been able to stop one man who wanted to convert Rivers State to his personal estate. “Between him and myself, who has turned Rivers State to his personal estate? His wife is a Chairman of Governing Council, his daughter is a commissioner, his other daughter is a judge and he is the general overseer. Who has now turned Rivers State to his private estate? I am sure if care is not taken, if there is a chance, he can even arrange a marriage for the governor. “It was his nephew, his late senior brother’s son that was recommended for commissioner. He took the slot and gave it to his own daughter. Someone who didn’t remember to stand for the son of his late elder brother, is that an elder statesman?” Speaking further, the FCT minister said it was painful that Dr Odili, out of political sycophancy, has forgotten all that he said in the past, adding that; “All of you here remember when I was governor, this same Odili praised me to high heaven. In fact, he said then that all past governors in Rivers State combined did not do better than me. “In 2007 after he left office, he couldn’t come near power in the State because Amaechi was the governor then. He was gone! “Like somebody said that God will use someone to lift up someone. When I came in as governor in 2015, I won’t use the word resurrected, but I brought him back to life. “All of us know about PAMO University. But for us, there wouldn’t have been anything called PAMO University. Rivers State was sponsoring 100 students per session and for every semester, each of the students was paying nothing less than N5m. Then, Rivers people were attacking me up and down. “I personally called Julius Berger to build a mansion for him to live. He was calling everyone to the house then, telling them, come and see what Wike has done for me. Wike has shown me love. He was taking them round the house. “Now, because you have organised a Christmas Carol for the governor, I didn’t say you should not do your Christmas Carol. But why reduce yourself to such a laughing stock? People will still see it on television how he was telling the whole world then how God used me to bring him back to life politically. “Why not do your Christmas Carol, collect what you can collect and leave me alone? “The governor that all of us made has not spent one year in office and the same Odili was already saying that the governor has beaten the records of all the past governors of Rivers State. “When I was there, he said I had surpassed the records of all the past governors, including himself. What can he even show that he did in his eight years as governor? But a governor has not spent one year, you are saying he has done more than all the past governors. “You spent eight years as governor and someone who hasn’t spent one year has surpassed your records, what manner of elder talk like that? Is that what an elder statesman should be known for? “When I was governor, my pictures were everywhere in his house. Sitting room, bedroom, kitchen, even in the toilet, my picture was everywhere. But today, all the pictures have been removed.” Asking what can be learned from such a sycophantic elder statesman, Wike said; “What can I learn from this kind of elder? What kind of advice can one get from him. This moment you are saying something, the next moment you are saying something else. “You see, if your children begin to ask you, is this not the same man you were praising before? What would you tell them?” On the state governorship issue, the Minister asked; “When I was plotting who will be governor after me, was he (Odili) there? Then, he was complaining about this governor, saying that he couldn’t stand before the public to talk. But today, he is organising a Christmas Carol for the same governor he was against then. “He has forgotten all that he said in the past. ‘I named this after you, I named that after your wife.’ What have I not done? “You said we should not be part of the government, we have left. We are managing, you have taken assembly money, they are not dying of hunger and they will not die of hunger. We are okay. I’m focusing on my job in Abuja and all this sycophancy won’t take him to the level I have attained. “This is a man who wanted to run for president then, he didn’t have the balls, he chickened out. Simply because Obasanjo said no, he will not contest, he ran away. Because of him, I never invited Obasanjo to Rivers State to commission projects. I felt it would humiliate him.”
Jimmy Carter: a challenged presidency, a life of moral courageThe nation’s capital market in 2024 witnessed a lot of development that help shaped the sector within the year. The adoption of technology, especially digitalization of public offering and right issue encourages participation of the youths in the market Although the economic challenges in the country persisted during the year, the market recorded growth trend. Capital operators said the problem of high inflation, insecurity, depreciating exchange rate, increase in pump price of petrol and the introduction of a windfall tax that affected sectoral performances, impacted on the market activities during the year. But despite all the challenges the nation’s capital market showed impressive growth within the year, outpacing most African peers in year to Date (YTD) performance. According to Managing Director of Arthur Stephens Management Limited,Mr Olatunde Amolegbe the Nigerian capital market is a key driver of economic growth, offering a platform for mobilizing capital, facilitating investments, and fostering wealth creation. He said that in 2024, the market experienced notable developments shaped by regulatory changes, technological adoption, and macroeconomic factors as 2025 beckons, understanding the successes, challenges, and emerging opportunities is essential for unlocking its full potential. Speaking on the performance of the capital market in the year, he said the NGX-ASI grew by 35.25 per cent from 74,773.77 in December 29, 2023 to 101129.09 as at Friday December 20, 2024. This growth was driven by robust earnings from blue-chip companies and supportive government policies. In his paper titled, “Unlocking the Potential of the Nigerian Capital Market: Challenges and Opportunities contribution, he said “The Nigerian equity market saw a significant 39.84 per cent growth in first quarter 2024, rising from 74,773.77 to 104,562.06. The NGX market capitalization increased from N40.917 trillion in January 2024 to N59.487 trillion in the first quarter, representing 44.49 per cent. This growth was significantly influenced by new listings, such as Transcorp Power Plc, which added N1.8 trillion to market value upon listing.“ However, the second and third quarters experienced modest corrections, with declines of -4.31 per cent in second quarter and -1.50 per cent in third quarter. This was driven by economic challenges, including high inflation, a depreciating exchange rate, and the introduction of a windfall tax that affected sectorial performances, particularly within the Banking sector. “Profit-taking and rising interest rates that redirected investments to fixed income securities and that despite the smaller decline in third quarter, investors remain cautiously optimistic.
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