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The BGL Automotive Aftermarket Insider – AAPEX/SEMA Show Recap , /PRNewswire/ -- Investor interest in automotive aftermarket M&A will remain high in 2025 as favorable tailwinds, including an increasingly aging car parc, more miles traveled, and the proliferation of new technologies, continue to drive the industry forward, according to an industry report released by the Automotive Aftermarket investment banking team at Brown Gibbons Lang & Company (BGL). Inside the report, BGL shares its annual recap of the 2024 AAPEX and SEMA Shows in . The automotive aftermarket M&A environment and strategies impacting current and future deal activity are discussed, and optimism and interest in the sector remain high. Political discussion pervaded conversations more than ever before among company owners and investors, largely due to the unique timing of the show and our U.S. Presidential Election. Through discussions with owners and other industry leaders, BGL identified key strategies that companies are employing to navigate uncertainty and challenges facing the industry. Key takeaways include: BGL's maintains coverage of the broad automotive sector, including the automotive supply chain, automotive aftermarket, and the on- and off-highway commercial vehicle sectors. Our team has executed numerous transactions for private, public, or institutionally-backed companies in the automotive industry, including M&A sell-side advisory, financial restructuring advisory, and capital markets advisory. Brown Gibbons Lang & Company (BGL) is a leading independent investment bank and financial advisory firm focused on the global middle market. The firm advises private and public corporations and private equity groups on , , , , and other strategic matters. BGL has investment banking offices in , , , , and , and real estate offices in , , and . The firm is also a founding member of REACH Cross-Border Mergers & Acquisitions, enabling BGL to service clients in more than 30 countries around the world. Securities transactions are conducted through Brown, Gibbons, Lang & Company Securities, LLC, an affiliate of Brown Gibbons Lang & Company LLC and a registered broker-dealer and member of and . For more information, please visit . View original content to download multimedia: SOURCE Brown Gibbons Lang & CompanyPHOENIX (AP) — As Washington heaved over the possibility of a partial government shutdown, leading far-right figures gathered with thousands of Donald Trump’s most ardent supporters and, for the most part, gloried in splintering the president-elect’s party. Speakers and attendees at Turning Point USA’s AmericaFest 2024 hailed Trump and billionaire Elon Musk for initially scuttling a bipartisan agreement to keep government open. They jeered House Speaker Mike Johnson and his willingness to engage with Democrats, disregarding Johnson’s close alliance with Trump and frequent appearances at his side. “The political class is infected with a malignant cancer. The cancer is bipartisanship,” boomed Steve Bannon, the Trump adviser who perhaps more than any other reflects and stokes the president-elect’s pugilistic populism. “We don’t need partisanship,” Bannon continued, as he called for Johnson’s ouster. “We need hyper-partisanship.” The president-elect has wide latitude with his core supporters and is in turn responsive to their demands. That dynamic fuels the unpredictability put on display in last week’s budget fight and sets up inevitable future conflicts within Trump’s broadened Republican coalition. That Trump failed to achieve his central goals — with 38 Republicans voting against a plan backed by Trump and Musk — seemed unimportant to Bannon and others who welcomed Trump to the conference’s Sunday finale. The fight itself, and the incoming president being at the center of it, was the point. “Thank you, God, for sending us Donald Trump,” said Turning Point founder Charlie Kirk as Trump took the stage. Thousands roared and held their cell phones aloft to capture the moment. Interviews with people at AmericaFest and arguments from speakers illustrated that, beyond fealty to Trump, the new right in America is defined philosophically by anti-establishment sentiment, staunchly conservative social mores and vocal declarations of patriotism — not a uniform policy consensus. “I just want everything Trump said he was going to do,” said Andrew Graves, a 39-year-old former Disney employee who now works as an Arizona organizer for Turning Point. “It doesn’t matter how as long as we get it done.” Pressed on what “it” is, Graves mentioned “what’s going on in education” and “keeping women out of men’s sports.” He talked about Trump’s signature promises – tariffs on foreign imports, a hardline immigration crackdown – only when prompted. Jennifer Pacheco, a 20-year-old student from Southern California, said she embraced Turning Point because she likes Kirk’s unapologetic Christianity and believes “we need to have God be more present in this country.” In Trump, Pacheco sees a transformative figure. “It’s just everything that’s off track, and I think we will see things get fixed,” she said, talking about the economy and cultural values. When asked, Pacheco said she does sometimes worry about national debt levels. But she said she did not closely follow the week’s maneuvers in Washington and was unfamiliar with Trump’s call to essentially eliminate the nation’s debt ceiling through the entirety of his upcoming term. Alexander Sjorgen, a 26-year-old from Berks County, Pennsylvania, volunteered a more detailed list of policy priorities: addressing structural deficits, goosing domestic energy production, launching a mass deportation program, curtailing “the transgender rights” agenda, rethinking how involved the U.S. is in international affairs. “For the most part, we all just want to see the country strong again and feel like its ours again,” he said. That ethos permeated convention halls and meeting rooms awash in Trump paraphernalia – the “Make America Great Again” hats, T-shirts emblazoned with the bloodied candidate after Trump survived an assassination attempt in Butler, Pennsylvania. Among the throngs, there was the occasional fully costumed “Uncle Sam” or Revolutionary War figure. Top speakers seized on the atmosphere, being greeted as celebrities and drawing roars of approval on everything from demanding confirmation of Trump’s Cabinet picks to imprisoning members of Congress who investigated the Jan. 6 attack on the U.S. Capitol. “It feels good to win back our country,” Kirk told the opening assembly. But, he added, “the transformation of the Republican Party is not yet complete.” He threatened primaries against any GOP senator who votes against a Trump nominee, warnings that have already affected Capitol Hill. Bannon praised the assembled activists as “the vanguard of a revolutionary movement” and compared Trump’s election to Franklin Roosevelt’s 1932 realignment of working-class Americans behind Democrats. Bannon skewered Johnson and other establishment Republicans in “the imperial capital,” his derisive quip for Washington. “President Trump came back from the political dead,” Bannon said, framing Trump’s sweep of seven battleground states as a landslide. “We have nothing else to discuss. It’s only about the execution of President Trump’s agenda.” During 75 minutes at the podium on Sunday, Trump ticked through many of his usual pledges and policy ideas. But he did not acknowledge his unsuccessful venture on Capitol Hill last week or continued questions about whether he will try to unseat Johnson. Summing up his intentions, Trump opted for politically fuzzy rhetoric. “Last month, the American people voted for change,” he said, touting a ”common-sense” agenda and promising a “golden age” for the country. Kirk, Bannon and other influencers discussed the Trump agenda in more detail than most attendees, sometimes even acknowledging discrepancies and complexity. Bannon conceded Trump did not get his way on the debt ceiling vote but said he eventually would. But he also insisted that doesn’t mean Trump won’t cut spending. “He’s got a plan. ... But you’ve got to line everything up,” he said, spotlighting billionaires Musk and Vivek Ramaswamy and their “government efficiency” commission. Ben Shapiro, another commentator, offered assurances that Trump would rethink tariffs if they “are in fact inflationary.” Further, Shapiro tried to reconcile Trump’s staunch support for U.S. aid to Israel and conservatives’ disdain for foreign aid, including for Ukraine in its war against its invading Russian neighbors. Israel’s fight against Hamas, Shapiro argued, is “existential,” suggesting that Ukraine’s defensive posture is not. Retired Gen. Michael Flynn, a firebrand forced out of Trump’s first White House who Trump has suggested he would bring back once in office, insisted conservatives are not isolationist even as he assailed the Pentagon footprint around the world. “I’m not anti-war,” Flynn said from the main podium. “I’m anti-stupid war.” Kirk, meanwhile, tried to frame any differences across Trump’s coalition as reconcilable. “Maybe you are a parents-rights advocate. Maybe you are here as a Second Amendment enthusiast. ... Maybe you are a pastor. Maybe you are a ‘Make America Healthy Again’ advocate,” Kirk said. “Whatever focus group you have, as long we can agree on the big stuff ... we need to combine forces and defeat the incumbent regime. Welcome aboard. We are going to make America great again.”
Iowa Attorney General Brenna Bird is cautioning Iowans to be aware of sweepstakes scams after helping a central Iowa couple save more than $16,000 from a scamming attempt. Sweepstakes scams are when scammers use the promise of a prize to get someone’s money or personal information. These scams typically take place over the phone where scammers usually ask individuals to pay money or provide personal and financial account information to receive prize, which is actually nonexistent. Last month, Bird’s office helped the couple after a scammer called the 72-year-old husband, telling him he won a Publishers Clearing House prize of $3.5 million, plus $5,000 a week for life, according to a release put out by the office on Monday. People are also reading... Iowa Attorney General Brenna Bird speaks during a town hall campaign event for Republican presidential candidate Nikki Haley on May 17, 2023, in Ankeny, Iowa. He was instructed to pay $16,340.18 in upfront fees and taxes, leading him to mail a cashier's check to a Miami address provided by the scammer. The man’s wife and daughter learned what happened and contacted their son-in-law, who was at a training for Iowa county attorneys, the release said. The son-in-law spoke with an investigator from the Iowa Attorney General’s office about the scam and they were able to intercept the package and return it to the couple after working with a local postal inspector. “If it seems too good to be true, it probably is,” Bird said in the release. “I am so glad that we saved this Iowa couple their $16,000. Sweepstakes scams are evil and manipulative. And con artists will do everything they can to exploit Iowans’ emotions, like the excitement of hitting the jackpot, in order to steal from you.” Bird encourages Iowans to call her office at 1-888-777-4590 if they or someone they know is suspicious of a sweepstakes scam. Here are ways to spot a sweepstakes scam, according to the Iowa Attorney General’s Office: New money scams are popping up: Here are the ones to look out for New money scams are popping up: Here are the ones to look out for Financial scams are an unfortunate reality of life for consumers. According to the Canadian Anti-Fraud Centre, Canadians reported $530.4 million (CND) in financial fraud losses in 2022, a 170.2% increase in just one year. And the situation in the U.S. is even bleaker, with the Federal Trade Commission reporting Americans lost more than $10 billion (USD) from financial fraud in 2023. While some scams are obvious, others can be rather convincing. It doesn't help that scams are constantly evolving, and new types of fraud are invented daily. A quick slip-up, and you could be giving away some of your vital information. To protect yourself, Money.ca shares tips to think like a thief and stay current with the most common scams. Facebook Scams While Facebook is a great place to connect with people, it's almost become a prime hunting ground for thieves. One common scam involves fraudsters who set up a group or fan page that looks identical to an authentic brand. For example, it could be an airline or a popular retailer. They'll then advertise a contest where all you need to do is enter your personal information or bank details for your chance to win. As soon as any "brand" starts asking for specific information about you, red flags should be going off. It's okay to give your name and email, but if they're asking for your government ID numbers, bank account, or copies of your ID, it's probably a scam. Note that there are other scams on Facebook, including account cloning, where someone poses as a relative or friend and asks for financial help. There are also romance scams where the end game is getting you to send them money. If something doesn't seem right, don't be afraid to call the brands or your friends in person to see if what they're advertising or asking for is legit. AI Scams Artificial intelligence, or AI, is seemingly everywhere nowadays, so it's only fitting that AI is now making its way into consumer financial scams. Fraudsters are using AI for a whole host of scams, including deepfakes, a process in which scammers employ AI to create convincing voice clones, making it difficult for victims to distinguish between real and fake emergency situations. But the threat of AI scams also extends to phishing attacks, with fraudsters using AI bots to create sophisticated emails, text messages, and social media accounts. These bots are highly personalized and can bypass traditional spam filters, increasing the likelihood of users falling for the scam. Online Shopping Scams Online shopping scams have become a prevalent issue in today's digital age. Scammers have honed their skills and are now specifically targeting online shoppers, who are particularly vulnerable to fraud. These scams are becoming increasingly sophisticated, with scammers creating fake websites and launching social media campaigns to deceive unsuspecting consumers. What makes these scams even more dangerous is that they often impersonate well-known brands, luring shoppers with unbelievably low prices that are simply too tempting to resist. What makes these scams even more dangerous is that they often impersonate well-known brands, luring shoppers with unbelievably low prices that are simply too tempting to resist. Because of this, it's important to be cautious when encountering too-good-to-be-true offers, especially when shopping online , as they can have devastating financial consequences. Revenue and Tax Scams Tax scams are a very common form of fraud that prays on a collective fear of the tax man. These scams come in many forms, but follow one basic pattern: Someone claiming to be from the Canada Revenue Agency or the Internal Revenue Service will call or email and claim you owe back taxes. If you don't pay immediately, you'll be arrested or deported. The claim seems far-fetched, but it targets seniors or new immigrants who may not know any better. You'll know it's a scam when they ask you to pay by gift cards or Bitcoin. They'll also tell you that you'll be arrested or deported right away if you say anything to anyone. Just hang up if you ever get one of these calls. Tax authorities will never call you with aggressive language or threats. They'll also never ask for immediate payment. If you're not sure if a call you received is fraudulent, call the agency directly and ask them if an agent has been trying to contact you. Package Delivery Scams Package delivery scams have become increasingly prevalent in recent times. Individuals are receiving fake messages, supposedly from reputable companies such as Amazon, UPS, FedEx, or the post office, regarding upcoming or missed deliveries. These scams aim to deceive you into clicking on links that direct them to fraudulent sign-in pages or websites infected with malware. It is crucial to remain vigilant and exercise caution when encountering such messages. Rental Scams With the cost of rent rising in many parts of the country, many people are looking to cut back on their living expenses. Thieves know that and are starting to exploit people by putting up fraudulent ads about apartments or rooms for rent on sites like Facebook Marketplace and Craigslist. The price will usually be a touch below market price, which will drive up interest. These listings will look legit as there will be plenty of pictures, but once you reach out, you'll know that it's a scam as they won't do a face-to-face showing. While it's easy for locals to verify if the rental available is real or not, fraudsters target people who don't live in the area, but need affordable housing. Also, note that this scam doesn't apply to just monthly rentals. The same scam has been used for short-term rentals in popular tourist destinations. The fraudster will demand the first and last month's rent via wire or e-transfer. Once you've made the deposit, you'll never hear from them again. To avoid this scam, always view the property in person and verify the person is the owner. The easiest way to do this is to ask to see a property tax bill with their name on it. You could even check with the city's public records to verify ownership. Fake Employment Scams Many job postings online look legit, but are clearly fake. One of the most common job scams involves working from home. Your new employer will send you a cheque. You'll use part of that money to set up your home office. The rest of the money will be sent back to your employer via e-transfer. The cheque will seem legit at first since some of the funds become available right away. However, the cheque will eventually bounce after a week or two. While you could return any items you purchased, there's no chance of recovering the funds you sent via e-transfer. So although you're clearly a victim of fraud, your financial institution won't be returning any money to you. Protect Yourself From Financial Scams Fraudsters are constantly coming up with new scams, so it's important to take steps to protect yourself. Here are some tips to keep in mind: Remember, being proactive and cautious is key to protecting yourself from financial scams. Stay vigilant and follow these guidelines to safeguard your personal and financial information. This story was produced by Money.ca and reviewed and distributed by Stacker. Get Government & Politics updates in your inbox! 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NEW YORK, Dec. 09, 2024 (GLOBE NEWSWIRE) -- Protara Therapeutics, Inc. (Nasdaq: TARA) (“Protara”), a clinical-stage company developing transformative therapies for the treatment of cancer and rare diseases, today announced that it has commenced an underwritten public offering of shares of its common stock or, in lieu of issuing common stock to certain investors, pre-funded warrants to purchase shares of its common stock. All of the shares of common stock and pre-funded warrants to be sold in the proposed offering will be offered by Protara. In addition, Protara expects to grant the underwriters a 30-day option to purchase additional shares of common stock at the public offering price, less underwriting discounts and commissions. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or the actual size or terms of the offering. Protara intends to use the net proceeds received from the offering to fund the clinical development of TARA-002, as well as the development of other clinical programs. Protara may also use the net proceeds from the offering for working capital and other general corporate purposes. TD Cowen, Cantor, LifeSci Capital, Oppenheimer & Co. and Scotiabank are acting as joint book-running managers of the proposed offering. The shares of common stock and the pre-funded warrants will be issued pursuant to a shelf registration statement on Form S-3 (File No. 333-275290) that was declared effective on November 14, 2023 by the U.S. Securities and Exchange Commission (the “SEC”). The offering is being made only by means of a preliminary prospectus supplement and the accompanying prospectus. A preliminary prospectus supplement and the accompany prospectus relating to the offering will be filed with the SEC and will be available on the SEC’s website at www.sec.gov . Copies of the preliminary prospectus supplement and the accompany prospectus relating to the offering, when available, may be obtained from the offices of TD Securities (USA) LLC, 1 Vanderbilt Avenue, New York, New York 10017, by email at TD.ECM_Prospectus@tdsecurities.com or by telephone at (855) 495-9846; Cantor Fitzgerald & Co., 110 East 59th Street, 6th Floor, New York, New York 10022, Attention: Capital Markets, or by email at prospectus@cantor.com; or LifeSci Capital LLC, 1700 Broadway, 40th Floor, New York, New York 10019, or by email at compliance@lifescicapital.com. Before investing in the offering, interested parties should read the preliminary prospectus supplement and related prospectus for this offering, the documents incorporated by reference therein and the other documents Protara has filed with the Securities and Exchange Commission. The final terms of the offering will be disclosed in a final prospectus supplement to be filed with the Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the applicable securities laws of such state or jurisdiction. Forward-Looking Statements Statements contained in this press release regarding matters that are not historical facts are “forward looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Protara may, in some cases, use terms such as “predicts,” “believes,” “potential,” “proposed,” “continue,” “designed,” “estimates,” “anticipates,” “expects,” “plans,” “intends,” “may,” “could,” “might,” “will,” “should” or other words or expressions referencing future events, conditions or circumstances that convey uncertainty of future events or outcomes to identify these forward-looking statements. Such forward-looking statements include but are not limited to, statements regarding the timing, size and completion of the proposed public offering as well as the expected use of proceeds related thereto are not guarantees of future performance or results and involve substantial risks and uncertainties. Actual results, developments and events may differ materially from those in the forward-looking statements as a result of various factors including: Protara’s ability to complete the offering on the proposed terms, or at all, changes in market conditions, and Protara’s expectations related to the use of proceeds from the proposed offering. Additional important factors to be considered in connection with forward-looking statements, including additional risks and uncertainties, are described more fully under the caption “Risk Factors” and elsewhere in Protara’s filings and reports with the Securities and Exchange Commission. All forward-looking statements contained in this press release speak only as of the date on which they were made. Protara undertakes no obligation to update any forward-looking statements, whether as a result of the receipt of new information, the occurrence of future events or otherwise, except as required by law. Company Contact: Justine O'Malley Protara Therapeutics Justine.OMalley@protaratx.com 646-817-2836People urged to prioritise their mental health this Christmas
PHILADELPHIA (AP) — The mood in the Eagles' locker room was a bit more bleak than it should have been for a team riding a nine-game winning streak and celebrating a franchise rushing record. Former 1,000-yard receiver DeVonta Smith — who caught a touchdown pass and not much else — was exasperated at the offensive no-show. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Get any of our free email newsletters — news headlines, obituaries, sports, and more.KILLINGTON, Vt. (AP) — American skier Mikaela Shiffrin said she suffered an abrasion on her left hip and that something “stabbed” her when she crashed during her second run of a World Cup giant slalom race Saturday, doing a flip and sliding into the protective fencing. Shiffrin stayed down on the edge of the course for quite some time as the ski patrol attended to her. She was taken off the hill on a sled and waved to the cheering crowd before going to a clinic for evaluation. “Not really too much cause for concern at this point, I just can’t move,” she said later in a video posted on social media . “I have a pretty good abrasion and something stabbed me. ... I’m so sorry to scare everybody. It looks like all scans so far are clear.” She plans to skip the slalom race Sunday, writing on Instagram she will be “cheering from the sideline.” The 29-year-old was leading after the first run of the GS and charging for her 100th World Cup win. She was within sight of the finish line, five gates onto Killington’s steep finish pitch, when she an outside edge. She hit a gate and did a somersault before sliding into another gate. The fencing slowed her momentum as she came to an abrupt stop. Reigning Olympic GS champion Sara Hector of Sweden won in a combined time of 1 minute, 53.08 seconds. Zrinka Ljutic of Croatia was second and Swiss racer Camille Rast took third. The Americans saw Paula Moltzan and Nina O’Brien finish fifth and sixth. “It’s just so sad, of course, to see Mikaela crash like that and skiing so well,” Hector said on the broadcast after her win. “It breaks my heart and everybody else here.” The crash was a surprise for everyone. Shiffrin rarely DNFs — ski racing parlance for “did not finish.” In 274 World Cup starts, she DNF'd only 18 times. The last time she DNF'd in GS was January 2018. Shiffrin also has not suffered any devastating injuries. In her 14-year career, she has rehabbed only two on-hill injuries: a torn medial collateral ligament and bone bruising in her right knee in December 2015 and a sprained MCL and tibiofibular ligament in her left knee after a downhill crash in January 2024. Neither knee injury required surgery, and both times, Shiffrin was back to racing within two months. Saturday was shaping up to be a banner day for Shiffrin, who skied flawlessly in the first run and held a 0.32-second lead as she chased after her 100th World Cup win. Shiffrin, who grew up in both New Hampshire and Colorado and sharpened her skills at nearby Burke Mountain Academy, has long been a fan favorite. Shiffrin is driven not so much by wins but by arcing the perfect run. She has shattered so many records along the way. She passed Lindsey Vonn’s women’s mark of 82 World Cup victories on Jan. 24, 2023, during a giant slalom in Kronplatz, Italy. That March, Shiffrin broke Swedish great Ingemar Stenmark’s Alpine mark for most World Cup wins when she captured her 87th career race. To date, she has earned five overall World Cup titles, two Olympic gold medals — along with a silver — and seven world championships. In other FIS Alpine World Cup news, the Tremblant World Cup — two women’s giant slaloms at Quebec’s Mont-Tremblant scheduled for next weekend — were canceled. Killington got 21 inches of snow on Thanksgiving Day, but Tremblant — five hours north of Killington — had to cancel its races because of a lack of snow. AP Sports Writer Pat Graham in Denver contributed to this report. More AP skiing: https://apnews.com/hub/alpine-skiing
SEOUL, South Korea (AP) — In an era of rising authoritarianism, at the heels of a six-hour martial law decree that unfolded while many South Koreans slept, something noteworthy happened: Democracy held. The past week in Seoul, officials and academics warn, is what a threat to democracy looks like in 2024. It's a democratically-elected president declaring martial law over the nation he leads, asserting sweeping powers to prevent opposition demonstrations, ban political parties and control the media. It's members of the military attempting to block lawmakers from exercising their power to vote on cancelling the power grab. And here's what it took to defeat President Yoon Suk Yeol 's lurch toward government by force: Unified popular support for democracy. Legislators storming the National Assembly past midnight, live-streaming themselves climbing over fences. A politician grabbing at a soldier's rifle and yelling “Aren't you ashamed?” until he retreated. And finally, decisively, Parliament assembling a quorum and voting unanimously to cancel martial law. It was a victory for a hard-won democracy — and for the idea that checks and balances among branches of government must work to counteract each other's ambitions, as the American founders wrote in the Federalist Papers in 1788. But as the drama played out in Seoul, the scaffolding of democracy rattled around the world. In other countries, the grab for power might have worked. Other would-be authoritarians might have been better prepared than Yoon. In deeply polarized societies — the United States, for example, where Republicans are staunchly loyal to president-elect Donald Trump — there might not have been decisive support from the public or the opposition. The military might have used force. And the members of the legislature might not have voted as one to snuff out the attempted takeover. “President Yoon's attempt to declare martial law reveals the fragility of the rule of law in divided societies, especially those with governments in which the chief executive cannot be easily dismissed by the legislature," said Tom Pepinsky, a government professor at Cornell University who studies backsliding among democracies in Southeast Asia. Notably, he said in an email, “No members of President Yoon’s own party were willing to defend his actions in public." Nevertheless, Yoon’s surprise attempt to impose martial law revealed both the fragility and resilience of the country’s democratic system. Within three hours of his stunning announcement to impose military rule — claiming the opposition was “paralyzing” state affairs — 190 lawmakers voted to cancel his actions. In so doing, they demonstrated the strength of the country’s democratic checks and balances. Yoon’s authoritarian push, carried out by hundreds of heavily armed troops with Blackhawk helicopters and armored vehicles sent to the National Assembly, harked back to an era of dictatorial presidents. The country’s democratic transition in the late 1980s came after years of massive protests by millions that eventually overcame violent suppressions by military rulers. Civilian presence was again crucial in shaping the events following Yoon’s late night television announcement on Tuesday. Thousands of people flocked to the National Assembly, shouting slogans for martial law to be lifted and Yoon to step down from power. There were no reports of violent clashes as troops and police officers. “We restored democracy without having a single casualty this time,” said Seol Dong-hoon, a sociology professor at South Korea’s Jeonbuk National University. It’s virtually impossible for any leader of a democracy to pull off a transition toward martial law without a public willing to support it, or at least tolerate it. Opposition leader Lee Jae-myung, who narrowly lost to Yoon in the 2022 presidential election, attracted millions of views as he began live-streaming his journey to the National Assembly, pleading for people to converge to the parliament to help lawmakers get inside. The shaky footage later shows him exiting his car climbing over a fence to get onto the grounds. The vote at the National Assembly was also broadcast live on the YouTube channel of Assembly Speaker Woo Won Shik, who also had to scale a fence to get in. Yoon’s sense of crisis clearly wasn’t shared by the public, whose opinions, Seol said, were shaped predominantly by the shocking videos broadcast to their devices. “Ultimately, democracy is all about moving public opinion,” he said. “What was most crucial in this case was that everything was broadcast live on smartphones, YouTube and countless other media.” Opposition lawmakers are now pushing to remove Yoon from office, saying he failed to meet the constitutional requirement that martial law should only be considered in wartime or a comparable severe crisis — and that he unlawfully deployed troops to the National Assembly. On Saturday, an opposition-led impeachment motion failed after most lawmakers from Yoon’s party boycotted the vote. Yet the president’s troubles persist: The vote’s defeat is expected to intensify nationwide protests and deepen South Korea’s political turmoil, with opposition parties preparing to introduce another impeachment motion when parliament reconvenes next Wednesday. Han Sang-hie, a law professor at Seoul’s Konkuk University, said the martial law debacle highlights what he sees as the most crucial flaw of South Korea’s democracy: that it places too much power in the hands of the president, which is easily abused and often goes unchecked. Political scientists call what happened in South Korea an “autogolpe” — a “self-coup” — defined as one led by incumbent leaders themselves, in which an executive takes or sponsors illegal actions against others in the government. Yoon qualifies because he used troops to try to shut down South Korea's legislature. Self-coups are increasing, with a third of the 46 since 1945 occurring in the past decade, according to a study by researchers from Carnegie Mellon University and Penn State University. About 80% of self-coups succeed, they reported. In 2021, a power grab by Tunisian President Kais Saied raised similar concerns around the world after the country designed a democracy from scratch and won a Nobel Peace Prize after a largely bloodless revolution. In the United States, some have expresed worry about similar situations arising during the second administration of Donald Trump. He has vowed, after all, to shake some of democracy's pillars . He's mused that he would be justified if he decided to pursue “the termination of all rules, regulations, and articles, even those found in the Constitution.” That’s in contrast to the oath of office he took in 2017, and will again next year, to “preserve, protect and defend the Constitution” as best he can. Nearly half of voters in the Nov. 5 election, which Trump won, said they were “very concerned” that another Trump presidency would bring the U.S. closer to authoritarianism, according to AP Votecast survey data. Asked before a live audience on Fox News Channel in 2023 to assure Americans that he would not abuse power or use the presidency to seek retribution against anyone, Trump replied, “except for day one," when he'll close the border and “drill, drill, drill.” After that, Trump said, "I'm not a dictator.” Kellman reported from London.Week 12 TNF: Steelers-Browns Preview, Props & Prediction
2 / 9 Tesla's exclusion from a new EV proposal could ignite a 'Game of Thrones' style feud Tesla's exclusion from a new EV proposal could ignite a 'Game of Thrones' style feud California Gov. Gavin Newsom is ruffling a lot of feathers — including Elon Musk’s — with his new proposal for electric vehicle incentives that would exclude Tesla’s ( TSLA ) popular models. - William Gavin Read More 3 / 9 NASA is making SpaceX fly a Toyota to the moon NASA is making SpaceX fly a Toyota to the moon When Elon Musk’s SpaceX helps NASA bring a vehicle to the Moon, it most likely won’t be a Tesla ( TSLA ) . NASA recently awarded Space X and Jeff Bezos’ Blue Original contracts for its Human Landing Systems, tasking them with figuring out how to transport roving vehicles to the moon by 2032 as part of its Artemis program. - Ben Kesslen Read More 4 / 9 Earth's rotation is tilting and it's all humans' fault Earth's rotation is tilting and it's all humans' fault You are most likely contributing to the earth’s shifting rotation tilting, just because you use your sink. A study by researchers in South Korea found that the earth has rotated 31.5 inches in the past two decades thanks to groundwater pumping, Earth.com reported . “Our study shows that among climate-related causes, the redistribution of groundwater actually has the largest impact on the drift of the rotational pole,” Ki-Weon Seo, a geophysicist at Seoul National University , said. - Ben Kesslen Read More 5 / 9 Trump is set to end the EV tax credit. Here are 7 electric cars to buy before it goes away Trump is set to end the EV tax credit. Here are 7 electric cars to buy before it goes away President-elect Donald Trump’s return to the White House is expected to be largely negative for the electric vehicle industry, given his years of past opposition and personal distaste for the technology. His team has already started plotting out his anti-EV moves. - William Gavin Read More 6 / 9 Elon Musk says he's a friend of the environment. But Tesla's factories are racking up pollution violations Elon Musk says he's a friend of the environment. But Tesla's factories are racking up pollution violations Tesla’s ( TSLA ) pollution issues have reportedly gone unaddressed at its Texas headquarters, adding another link in Elon Musk’s lengthy chain of environmental problems caused by his companies’ factories. - William Gavin Read More 7 / 9 Tesla's stock surge is being driven by 'animal spirits,' UBS says Tesla's stock surge is being driven by 'animal spirits,' UBS says Tesla ( TSLA ) shares have surged on investor optimism that President-elect Donald Trump will bring forward policies that benefit his ally, CEO Elon Musk. But those gains are entirely based on momentum, not any changes to the company’s fundamentals, UBS ( UBS ) analysts warned on Monday. - William Gavin Read More 8 / 9 Apple is nowhere to be found in this year's smartphone sales rebound, researchers say Apple is nowhere to be found in this year's smartphone sales rebound, researchers say Although global smartphone sales are set to grow to 1.24 billion units this year, Apple’s ( AAPL ) performance has barely improved, according to a new study. - William Gavin Read More 9 / 9Daily Post Nigeria EPL table: Arsenal go second with 5-2 win over West Ham Home News Politics Metro Entertainment Sport Sport EPL table: Arsenal go second with 5-2 win over West Ham Published on November 30, 2024 By Ifreke Inyang Arsenal have gone second in the Premier League table, following a 5-2 win at West Ham in Saturday’s late kick-off. The Gunners are the only title challengers that played today, with most of the big games scheduled for tomorrow. And they took full advantage by claiming maximum points at the London Stadium. Gabriel Magalhaes opened the scoring from a corner-kick, before Leandro Trossard tapped in Bukayo Saka’s low cross. Arsenal captain, Martin Odegaard, stroked home a penalty, before Kai Havertz ran through to make it 4-0. The hosts fought back with two goals from Aaron Wan-Bissaka and Emerson Palmeri. But Saka scored again from the spot. Mikel Arteta’s men now have 25 points, six behind Liverpool who host Manchester City on Sunday. Related Topics: arsenal EPL West Ham Don't Miss LaLiga: I’m angry – Raphinha slams Barça after 2-1 defeat to Las Palmas You may like EPL: Nottingham Forest boss backs Awoniyi to hit top form again EPL: I’ll adopt Maresca’s methods – Van Nistelrooy EPL: The’re overhyped, I feel sorry for their manager – Sutton predicts Man United vs Everton EPL: It’s not good time to play them – Sutton predicts Arsenal vs West Ham EPL: Results can change – Arteta warns Liverpool about title race EPL: Why Man City has not sacked me – Guardiola Advertise About Us Contact Us Privacy-Policy Terms Copyright © Daily Post Media Ltd
European stocks bounced around Monday while US equities shook off early weakness to push higher as investors waited to see if a so-called Santa Claus rally sweeps over the market. Global stock markets had a tumultuous time last week, spiraling lower after the US Federal Reserve signaled fewer interest rate cuts than had been expected for 2025. But it ended on a positive note as traders welcomed below-forecast US inflation data that raised hopes about the health of the world's biggest economy. That helped Asian markets move higher on Monday, but the positive trend faltered in Europe and stumbled initially in the United States. "Another up leg in US yields not only put pressure on stock indices but also drove the greenback higher," said IG analyst Axel Rudolph. But after a sluggish start, US stocks rose progressively in a quiet session with analysts pointing to low pre-holiday trading volumes. "Stocks didn't really have any direction in the morning, then we got this tech rally that just sort of drifted higher all day," said Steve Sosnick of Interactive Brokers. Analysts view elevated Treasury bond yields as a threat to year-end gains in an historically strong period of the calendar. Known as a Santa Claus rally, there are various explanations for the phenomenon including seasonal optimism and end-of-year tax considerations. But there remains some trepidation among investors as Donald Trump prepares to return to the White House, pledging to cut taxes, slash regulations and impose tariffs on imports, which some economists warn could reignite inflation. "The initial response to the US election was positive as investors focused on the obvious tailwinds to profitability: lower corporate tax rates and less regulation," said Ronald Temple, chief market strategist at Lazard. "However, I expect much more dispersion within the equity market when the reality of a much-less-friendly trade environment sets in." In Europe, the FTSE 100 moved higher as the pound slid following data that showed that the UK economy stagnated in the third quarter, revised down from initial estimates of 0.1 percent growth. Official data out of Spain on Monday showed that the Spanish economy grew 0.8 percent in the third quarter as domestic consumption and exports increased, comfortably outstripping the European Union average. In company news, shares in crisis-hit German auto giant Volkswagen lost more than three percent on the back of news Friday that it plans to axe 35,000 jobs by 2030 in a drastic cost-cutting plan. Shares in Japanese auto giant Honda rose over three percent after it announced Monday an agreement to launch merger talks with struggling compatriot Nissan that could create the world's third largest automaker. New York - Dow: UP 0.2 percent at 42,906.95 (close) New York - S&P 500: UP 0.7 percent at 5,974.89 (close) New York - Nasdaq Composite: UP 1.0 percent at 19,764.89 (close) London - FTSE 100: UP 0.2 percent at 8,102.72 (close) Paris - CAC 40: FLAT at 7,272.32 (close) Frankfurt - DAX: DOWN 0.2 percent at 19,848.77 (close) Tokyo - Nikkei 225: UP 1.2 percent at 39,161.34 (close) Hong Kong - Hang Seng Index: UP 0.8 percent at 19,883.13 (close) Shanghai - Composite: DOWN 0.5 percent at 3,351.26 (close) Euro/dollar: DOWN at $1.0408 from $1.0430 on Friday Pound/dollar: DOWN at $1.2531 from $1.2570 Dollar/yen: UP at 157.14 yen from 156.31 yen Euro/pound: UP at 83.03 pence from 82.97 pence West Texas Intermediate: DOWN 0.3 percent at $69.24 per barrel Brent North Sea Crude: DOWN 0.4 percent at $72.63 per barrel burs-jmb/jgc
Mixed day for global stocks as market hopes for 'Santa Claus rally'BillionToOne to Present at the 43rd Annual J.P. Morgan Healthcare Conference
Nathan Ake calls on Man City to show character after latest setbackSharad Pawar BJP 's Maharashtra chief Chandrashekhar Bawankule took to social media on Sunday to hit back at Sharad Pawar . He alleged that Pawar was unable to digest the fact that it was Mahayuti 's ' Ladki Bahin ' scheme, not EVMs, that led to the defeat of his party in the assembly election. Stay updated with the latest news on Times of India . Don't miss daily games like Crossword , Sudoku , and Mini Crossword .