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Report: Boy who died on haunted hayride near St. Cloud sometimes reached under trailer to scare guests“You know, some people talk about this economy is booming, inflation is cooling, lowest unemployment in our lifetimes,” Newsom said. “All that may be true, but people don’t feel that way.” He said some believe “the economy is not supportive. They feel like the economy is not nourishing.” The governor made the remarks in Fresno County in the Central Valley during a press conference to announce a California Jobs First Economic Blueprint that will include hundreds of millions of dollars in grants for apprenticeship and career training programs. Over the next three years, $120 million in grants are expected to fund job creation projects across the state’s 13 economic regions. Grants will be focused on strengthening industries and accelerating growth through capital and infrastructure investment, according to the governor’s statement. “Today is another critically important milestone in aligning strategic investments that further economic growth and job creation in every region of California,” stated Dee Dee Myers, senior adviser to Newsom and director of the governor’s Office of Business & Economic Development. “This new economic framework will set the foundation for sustainable and inclusive growth, ensuring that the industries of today and tomorrow provide the good-paying jobs Californians deserve.” Newsom was joined by students and alumni of the program, in addition to local politicians and business leaders including Karen Warner, CEO of agricultural waste company Beam Circular. Warner said the plan will benefit the state and its residents. “California is home to the industries and innovators that are shaping the materials, food, energy, and products that we use every day,” she said. “California Jobs First will help us make big bets on the industries of the future that will deliver quality jobs, a healthy environment, and new pathways to prosperity in local communities across every region of the state.” Speaking in a county where President-elect Donald Trump won a majority of the vote in the November election, the governor said he represents all Californians. “I don’t care who you voted for,” Newsom said. “I care about all people. I care about protecting them, their public health, and their public safety.” While it is unclear what steps the Legislature intends to take, Attorney General Rob Bonta has also stated his intention to use all legal means to resist Trump’s policies. Noting that the state had sued the first Trump administration 122 times, the governor said during the press conference that any litigation in Trump’s second term would be reactive to perceived assaults from the federal government rather than proactive. He also mentioned a newly released fiscal outlook from the nonpartisan Legislative Analyst’s Office, which showed the state’s budget was “roughly balanced” through the 2025–2026 fiscal year. Tax collections in recent months exceeded June estimates by about $7 billion, according to the Legislative Analyst’s Office report. “Every year’s a new budget,” Newsom said. “The new revenue numbers, back up, are encouraging.” According to analysts in the Legislative Analyst’s Office, higher revenues are due to higher capital gains taxes, bonuses, and stock compensation resulting from record-high stock market valuations. While some high-income earners reap the rewards, some workers on the other end of the wage scale do not fare as well, according to the report. A “sluggish economy” is attributed to high interest rates, which affect borrowing costs, and a “soft labor market” that reflects a two-year slowdown, the analysis concluded. In the coming years, analysts are expecting deficits of between $20 billion and $30 billion annually between the fiscal year beginning in 2026 through 2029. Spending is to blame, according to the outlook, as costs are rising at nearly twice the historic average at 5.8 percent a year, while revenues are increasing by about 4 percent annually. “It’s definitely a spending problem,” Republican state Sen. Roger Niello, vice chair of the Senate Budget Committee, told The Epoch Times. He also questioned some of what he called “gimmicks” in the current fiscal year’s budget, including a mandate to all state agencies to reduce expenditures. The reductions could save the state $2.2 billion, though it is unclear how much money was saved so far. Deputy Analyst Carolyn Chu from the Legislative Analyst’s Office said they were unable to procure data from the state’s finance department, but Newsom is required to update the Legislature with the budget proposal for the coming fiscal year by Jan.10. The governor said during the press conference that he is currently working on the details and expects to complete the budget in the coming weeks.
Venezuela’s oil exports jumped last month on higher sales to its mainstay Asia customers, and approached 1 million barrels per day (bpd), a level not seen since early 2020, according to ship monitoring data. Under U.S. sanctions since 2019, Venezuela’s exports of crude and refined products have been highly volatile. Lack of investment and frequent fires and outages at the South American country’s aging oil infrastructure put a ceiling on production and sales. State oil company PDVSA PDVSA.UL, its joint ventures and other state companies last month shipped an average of 974,033 bpd of crude and fuel, mostly to China. It was the second consecutive month of increase, according to Reuters analysis of tanker movements. November’s total represented a 10% increase from a revised average of almost 885,000 bpd in October, and stood 57% above the same month a year ago, the data showed. Sales to Asia, home to the country’s largest buyers, jumped to some 613,000 bpd from 526,000 in October. Shipments to the United States by producer Chevron CVX.N under a license granted by Washington fell to 238,000 bpd from 280,000 bpd the previous month, while exports to Europe increased to 85,000 bpd from 31,000 bpd. The incoming government of President-elect Donald Trump is expected to revise U.S. policies towards Venezuela, which could lead to license amendments or renegotiations with the administration of Venezuelan President Nicolas Maduro. The export increase happened despite a large explosion and fire at one of PDVSA’s main natural gas centers, which hit output of products, including methanol. Venezuela’s exports of oil byproducts and petrochemicals, including methanol and petroleum coke, declined to 330,500 metric tons in November, from 362,000 tons in October, according to the data. The OPEC country also increased exports to its political ally Cuba to 38,000 bpd from 28,000 bpd the previous month. Venezuela imported 87,000 bpd of heavy naphtha and gasoline blend stock last month through U.S.-authorized swap agreements with U.S. and European partners, slightly above the 81,000 bpd of October. Source: Reuters (Reporting by Marianna Parraga in Houston and Caracas newsroom, editing by Ed Osmond)
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AP Trending SummaryBrief at 5:39 p.m. ESTBy Charity Nwakaudu, Abuja The Minister of Solid Minerals Development, Dr Dele Alake, has urged global investors to utilise Nigeria’s geo-data digital platforms to access detailed information about the country’s rich mineral resources. In a statement by his Special Adviser, Kehinde Bamigbetan, Alake made the call during the annual Mines & Money Conference at the Business Design Centre, Islington, UK. He highlighted Nigeria’s adoption of digital technology to facilitate business inquiries and ensure transparent transactions in the mining sector. The minister introduced three key web platforms as essential resources for serious investors: the Nigerian Mineral Decision Support System (NMRDSS), Electronic Mining Cadastral (EMC+), and the National Geo-Data Centre. Describing the NMRDSS, Alake explained it as a dynamic web application providing read-only access to geo-scientific and geo-economic data, enabling users to analyse mineral locations and make informed decisions. “This resource allows investors to explore mineral occurrence environments while answering queries on hydrology, demography, geography, urban planning, and transportation,” he stated. On the EMC+, Alake highlighted its efficiency in administering mineral titles through an online, real-time system. “Investors can research and plan their title applications remotely, provided they have the required data,” he said. Alake assured the audience of President Bola Tinubu’s administration’s commitment to expanding geological data acquisition and leveraging research from public and private institutions to enhance the value of these platforms. He commended African geoscientists for developing a new coding system to certify research reports, boosting the credibility of mineral data. He emphasised Nigeria’s emerging role in the supply of critical minerals such as lithium and rare earth elements, positioning the country as a key player in the global green economy transition. “Our deliberate investment in accurate geoscientific data underscores our commitment to sustainability and the global fight against climate change,” he added. The minister also stressed the importance of value addition in the downstream segment of the mining value chain, urging mining companies to collaborate with the government to unlock Nigeria’s vast mineral wealth. “The future of Nigeria’s solid minerals is brimming with promise... Our doors are open to partnerships, and we invite you to join us on this transformative journey,” he said. Among those present were Mark Bristow, President and CEO of Barrick; Mark Kristoff, CEO of Traxys; and Kate Southwell, General Counsel of Anglo American. Earlier, Alake engaged investors visiting the Ministry’s exhibition booth to discuss potential opportunities in Nigeria’s mining sector.5 top tech gifts for the holidays