
Notable quotes by Jimmy CarterMāori All Blacks advisor Te Wehi Wright calls for unity after TJ Perenara’s final hakaLittler, who won the Grand Slam of Darts last week, hit checkouts of 170, 164 and 136 as he threatened to overturn an early deficit, but Humphries held his nerve to win the last three legs. “I’m really, really proud of that one to be honest,” Humphries told Sky Sports. FOR THE SECOND TIME 🏆🏆 Luke Humphries retains his 2024 Ladbrokes Players Championship Finals title, beating Luke Littler 11-7 in the final. pic.twitter.com/QUhxvSbGeu — PDC Darts (@OfficialPDC) November 24, 2024 “I didn’t feel myself this week playing-wise, I felt like I was a dart behind in a lot of the scenarios but there’s something that Luke does to you. He really drives me, makes me want to be a better player and I enjoy playing him. “He let me in really early in that first session to go 4-1 up, I never looked back and I’m proud that I didn’t take my foot off the gas. These big games are what I live for. “Luke is a special talent and he was right – I said to him I’ve got to get these (titles) early before he wins them all. “I’d love to be up here and hitting 105 averages like Luke is all the time but he’s a different calibre, he’s probably the best player in the world right now but there’s something about me that never gives up. “This is a great way to go into the worlds.” HUMPHRIES GOES BACK-TO-BACK! 🏆 Luke Humphries retains his Players Championship Finals title! Cool Hand puts on an absolute clinic to defeat Luke Littler 11-7 in an epic final! 📺 https://t.co/AmuG0PMn18 #PCF2024 | Final pic.twitter.com/nZDWPUVjWE — PDC Darts (@OfficialPDC) November 24, 2024 Littler, who lost the world championship final to Humphries last year, said: “It was tough, missed a few doubles and if you don’t take chances early on, it’s a lot to come back. “I hit the 170 and the 164 but just didn’t have enough in the end. “It’s been a good past two weeks. I just can’t wait to go home, chill out, obviously practice at home for the worlds. That’s it now, leading up to the big one.”
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PHILADELPHIA and NEW YORK , Dec. 27, 2024 /PRNewswire/ -- FS KKR Capital Corp. (NYSE: FSK) today announced that it has completed its previously announced offering of an additional $100 million in aggregate principal amount of its 6.125% notes due 2030 (the "Notes"). The Notes will be a further issuance of, and form a single series with, the $600 million aggregate principal amount of 6.125% Notes due 2030 that FSK issued on November 20, 2024 , increasing the outstanding aggregate principal amount of the series to $700 million . BofA Securities, Inc., BMO Capital Markets Corp., J.P. Morgan Securities LLC, KKR Capital Markets LLC, SMBC Nikko Securities America, Inc., and Truist Securities, Inc. are acting as joint book-running managers for this offering. FSK intends to use the net proceeds of this offering for general corporate purposes, including potentially repaying outstanding indebtedness under credit facilities and certain notes. This announcement does not constitute an offer to sell or a solicitation of an offer to buy any of the Notes, nor shall there be any offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. About FS KKR Capital Corp. FSK is a leading publicly traded business development company (BDC) focused on providing customized credit solutions to private middle market U.S. companies. FSK seeks to invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market companies. FSK is advised by FS/KKR Advisor, LLC. About FS/KKR Advisor, LLC FS/KKR Advisor, LLC (FS/KKR) is a partnership between FS Investments and KKR Credit that serves as the investment adviser to FSK and other business development companies. FS Investments is a global alternative asset manager dedicated to delivering superior performance and innovative investment and capital solutions. The firm manages over $83 billion in assets for a wide range of clients, including institutional investors, financial professionals and individual investors. FS Investments provides access to a broad suite of alternative asset classes and strategies through its best-in-class investment teams and partners. With its diversified platform and flexible capital solutions, the firm is a valued partner to general partners, asset owners and portfolio companies. FS Investments is grounded in its high-performance culture and guided by its commitment to building value for its clients, investing in its colleagues and giving back to its communities. The firm has more than 500 employees across offices in the U.S., Europe and Asia and is headquartered in Philadelphia . KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. 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NoneSome quotations from Jimmy Carter: We have a tendency to exalt ourselves and to dwell on the weaknesses and mistakes of others. I have come to realize that in every person there is something fine and pure and noble, along with a desire for self-fulfillment. Political and religious leaders must attempt to provide a society within which these human attributes can be nurtured and enhanced. — from 1975 book “Why Not the Best?” Our government can express the highest common ideals of human beings — if we demand of government true standards of excellence. At this Bicentennial time of introspection and concern, we must demand such standards. — “Why Not the Best?” I am a Southerner and an American, I am a farmer, an engineer, a father and husband, a Christian, a politician and former governor, a planner, a businessman, a nuclear physicist, a naval officer, a canoeist, and among other things a lover of Bob Dylan’s songs and Dylan Thomas’s poetry. — “Why Not the Best?” Christ said, “I tell you that anyone who looks on a woman with lust has in his heart already committed adultery.” I’ve looked on a lot of women with lust. I’ve committed adultery in my heart many times. This is something that God recognizes I will do — and I have done it — and God forgives me for it. But that doesn’t mean that I condemn someone who not only looks on a woman with lust but who leaves his wife and shacks up with somebody out of wedlock. — Interview, November 1976 Playboy. This inauguration ceremony marks a new beginning, a new dedication within our Government, and a new spirit among us all. A President may sense and proclaim that new spirit, but only a people can provide it. — Inaugural address, January 1977. It’s clear that the true problems of our nation are much deeper — deeper than gasoline lines or energy shortages, deeper even than inflation and recession. ... All the legislation in the world can’t fix what’s wrong with America. ... It is a crisis of confidence. — So-called “malaise” speech, July 1979. But we know that democracy is always an unfinished creation. Each generation must renew its foundations. Each generation must rediscover the meaning of this hallowed vision in the light of its own modern challenges. For this generation, ours, life is nuclear survival; liberty is human rights; the pursuit of happiness is a planet whose resources are devoted to the physical and spiritual nourishment of its inhabitants. — Farewell Address, January 1981. We appreciate the past. We are grateful for the present and we’re looking forward to the future with great anticipation and commitment. — October 1986, at the dedication of the Carter Presidential Library and Museum. War may sometimes be a necessary evil. But no matter how necessary, it is always an evil, never a good. We will not learn to live together in peace by killing each other’s children. — December 2002, Nobel Peace Prize acceptance speech. Fundamentalists have become increasingly influential in both religion and government, and have managed to change the nuances and subtleties of historic debate into black-and-white rigidities and the personal derogation of those who dare to disagree. ... The influence of these various trends poses a threat to many of our nation’s historic customs and moral commitments, both in government and in houses of worship. — From 2005 book “Our Endangered Values.” I think that this breakthrough by Barack Obama has been remarkable. When he made his speech (on race) a few months ago in Philadelphia, I wept. I sat in front of the television and cried, because I saw that as the most enlightening and transforming analysis of racism and a potential end of it that I ever saw in my life. — August 2008, commenting on then-Sen. Barack Obama’s candidacy. I think it’s based on racism. There is an inherent feeling among many in this country that an African-American should not be president. ... No matter who he is or how much we disagree with his policies, the president should be treated with respect. — September 2009, reacting to Rep. Joe Wilson’s shout of “You lie!” during a speech to Congress by President Barack Obama. I’m still determined to outlive the last guinea worm. — 2010, on The Carter Center’s work to eradicate guinea worm disease. You know how much I raised to run against Gerald Ford? Zero. You know how much I raised to run against Ronald Reagan? Zero. You know how much will be raised this year by all presidential, Senate and House campaigns? $6 billion. That’s 6,000 millions. — September 2012, reacting to the 2010 “Citizens United” U.S. Supreme Court decision permitting unlimited third-party political spending. I have become convinced that the most serious and unaddressed worldwide challenge is the deprivation and abuse of women and girls, largely caused by a false interpretation of carefully selected religious texts and a growing tolerance of violence and warfare, unfortunately following the example set during my lifetime by the United States. — From 2014 book “A Call to Action.” I don’t think there’s any doubt now that the NSA or other agencies monitor or record almost every telephone call made in the United States, including cellphones, and I presume email as well. We’ve gone a long way down the road of violating Americans’ basic civil rights, as far as privacy is concerned. — March 2014, commenting on U.S. intelligence monitoring after the Sept. 11, 2001, terror attacks We accept self-congratulations about the wonderful 50th anniversary – which is wonderful – but we feel like Lyndon Johnson did it and we don’t have to do anything anymore. — April 2014, commenting on racial inequality during a celebration of the Civil Rights Act’s 40th anniversary. I had a very challenging question at Emory (University) the other night: “How would you describe the United States of America today in one word?” And I didn’t know what to say for a few moments, but I finally said, “Searching.” I think the country in which we live is still searching for what it ought to be, and what it can be, and I’m not sure we’re making much progress right at this moment. — October 2014 during a celebration of his 90th birthday. The life we have now is the best of all. We have an expanding and harmonious family, a rich life in our church and the Plains community, and a diversity of projects at The Carter Center that is adventurous and exciting. Rosalynn and I have visited more than 145 countries, and both of us are as active as we have ever been. We are blessed with good health and look to the future with eagerness and confidence, but are prepared for inevitable adversity when it comes. — From 2015 book, “A Full Life.”How can he affect a team on a six-game losing streak? How does he plan to balance offensive play calling with head coach duties on game day? How can he further quarterback Caleb Williams’ development ? How does he look at the grand opportunity in front of him to show the NFL what he’s all about? But about four minutes in, when considering the most notable changes around Halas Hall since the Bears fired coach Matt Eberflus , Brown veered down a lighthearted tangent — about weight loss. At 225 pounds early in November, Brown was trying to cut weight. It turned out being named offensive coordinator to replace Shane Waldron was just what he needed. “You increase tasks to your day, you forget about food,” Brown said later. “I went a couple days and just really didn’t eat, didn’t really think about it, wasn’t hungry. I was thinking about the next moment, what to say to this player, doing game planning and I look up and I’m almost 30 pounds down. So we’ll keep going, see how long it lasts.” Brown was told he should market the unorthodox plan that has him down to 205 pounds. “I’ll write a book and we’ll see,” Brown said. “I hope you guys buy it. I’ll probably be pretty pissed if you don’t buy it.” The ensuing laughter was a surprising sound amid all the dreariness in Lake Forest lately. It’s that presence from Brown as the Bears’ new temporary leader that has players buying into his message ahead of their road game Sunday against the San Francisco 49ers. Multiple players said Brown’s direct and clear approach to communication, his energy and his focus on accountability and unity have helped ease the transition from Eberflus, who was fired Nov. 29 after posting a 14-32 record in 21⁄2 seasons. “(Brown) is very deliberate in how he talks to us,” left guard Teven Jenkins said. “Everything he’s telling us right now is very intentional and all of us are very locked in. Everybody is sitting at the front of their seat, leaning in.” To be clear, that presence is not necessarily going to help Brown balance coordinator and head coach duties on game day. It doesn’t mean he’s going to formulate winning game plans or make better late-game decisions than the ones that ultimately led to the demise of Eberflus. That all remains to be seen. But it was Step 1 in steadying the upheaval at Halas Hall this week after the Bears fired a head coach midseason for the first time in team history. Now, Brown and the players hope to ride his spark and put an end to a maddening string of losses that have turned their season upside down . Brown doesn’t so much avoid the topic as indicate that he can’t really be concerned about it in this most hectic of all months. He interviewed for head coaching vacancies before — with the Miami Dolphins in 2022, the Houston Texans in 2023 and the Tennessee Titans in 2024. The former Los Angeles Rams assistant head coach under Sean McVay and the Carolina Panthers offensive coordinator last season, Brown knows he’ll be assessed across the league for how he steps in for Eberflus. He surely knows the Bears, who promoted him twice in less than three weeks, will keep him on their candidate list for their next head coach if he handles himself well. And he knows his work between now and Jan. 6 may earn him consideration for other openings around the NFL. But he is focused on this job over the next month. “I’ve always had the thought process of every job I’ve had, try to excel at a high level,” Brown said. “What I realized about this profession is if you are bad at your job, they move on from you. If you’re good at your job, they give you an opportunity to stay around. If you’re great at your job, you get elevated. So my thought process was always to be the best I can be — not make it about myself — and let the chips fall where they may.” Bears President Kevin Warren gave Brown a strong endorsement Monday in talking about the coaching change and upcoming search, calling him bright, hardworking, talented, decisive and clear with “great leadership capabilities.” But nobody around Halas Hall will pretend that what lies ahead for Brown is easy. Interim coaches almost always are asked to step in because there are serious issues within a team — and the outcomes usually reflect that. In turn, the interims more often than not don’t return the next season. According to the Washington Post , from 1990-2021 interim coaches compiled a 111-209 record. Only 13 interim coaches — of the 46 the Post counted since 1990 — were hired into the teams’ full-time roles the next season. Las Vegas Raiders coach Antonio Pierce was the only interim coach of six from 2022-23 to be hired to the full-time job when he was promoted in January 2024. And there is speculation around the league that his job could be in jeopardy after the season. Brown is one of three NFL interims this season, joining Jeff Ulbrich with the New York Jets and Darren Rizzi with the New Orleans Saints. He’s accepting of the hand he has been dealt. “I said at the beginning, I wanted to thank God for the opportunity that he’s presented me with because I can’t complain about prayers being answered in certain different orders,” Brown said. “Maybe it’s not the ideal scenario, but I live every day to be at my best for those around me. Every job I’ve had that’s led me to the future is based on the current work I do. So that’s all I care about. “I’m not worried about what happens in five weeks. ... It’s not even in my thought process. I’m focused on this very moment and how to do the best job I can for this football team to help lead these guys the right way and go have success.” How Brown leads Williams over the next month is as valuable as anything. After his second game with Brown as offensive coordinator, Williams hesitated to use the word — but then decided it fit. Brown has “a certain aura to him,” Williams said, that allows the quarterback to play free. “He knows what he wants,” Williams said. “You know he knows what he wants.” Brown was a self-described introvert growing up. He wasn’t shy as much as quiet, someone who kept to himself. But he has grown to find his voice, first through the communication required during 16 years of marriage to his wife, Jessica, then through parenting three sons, each with unique personalities that require different approaches. “It’s about still being my authentic self but also (knowing) how to deliver a message,” he said. “I’m never going to lie to you. I’m going to tell you the truth, but how I deliver it is based on what brings the best out of you.” His communication with Williams is key as the Bears try to help the quarterback squeeze the most out of the rest of his rookie season. In three games with Brown as his play caller, Williams has completed 64% of his passes for 827 yards and five touchdowns. He hasn’t thrown an interception in six games. And he has made clutch fourth-quarter plays to keep the Bears in games late. Those are promising results against three solid NFC North defenses and certainly a step up from the previous three games that helped prompt the Waldron firing. Williams didn’t throw for more than 217 yards in a game, and the Bears totaled just 27 points in those three contests. There are still issues to iron out. The Bears offense, which has been slow to start games for much of the season under Williams, didn’t score in the first half and totaled just 53 yards before halftime against the Detroit Lions in Eberflus’ last game. Williams said Wednesday that he wasn’t moving with enough urgency at the end of the game, when the Bears got just one play off in the final 32 seconds despite having a timeout. He said he also wasn’t on the same page as coaches about the play they wanted to run to set up a potential tying field goal. But there have been more reasons than not to believe the union is working. Quarterbacks coach Kerry Joseph said Brown’s clear and concise communication methods have helped to simplify things for Williams, “the way it hits Caleb’s brain, the way he sees it.” And Joseph believes the confidence with which Brown delivers his plans — and his emphasis on how they prepare — have rubbed off on Williams in the right way. Brown has stated more than once that he wants Williams to play with “no fear.” “When you have that as a player, you feel that,” Joseph said. “As coaches around him, you feel that — just that, ‘Hey, you can run through that wall if you choose to.’ That’s the confidence and command he’s brought in the room. It’s infectious. It spreads. He has put his DNA on it, and guys are walking in and believing in it.” Williams said last month that he didn’t have a lot of one-on-one talks with Brown when he was the passing game coordinator. The Bears, while trying to limit the number of voices in Williams’ ear in his rookie season, instead stressed his relationships with Eberflus and Waldron. When Brown took over for Waldron, he called the quarterback to lay out what Williams could expect from him and vice versa. He said the relationship required some “blind trust” to get moving so quickly in the middle of the season. Williams didn’t initially have the comfort that comes with working with a coordinator for months, for example being at ease with expressing when he doesn’t like a play call. They’re working on getting more comfortable. “I’m a pretty direct person,” Brown said. “That can come off different ways to different people. But he is not soft, which I appreciate. Me and soft people sometimes don’t always see eye to eye, get along. But he likes being challenged, likes being coached. “I’m definitely all about encouraging, uplifting our guys when it comes to doing things the right way, but it’s finding a balance (between) we have made some great improvements, great strides, but being good is not to be confused with good enough. So I can be better. He can be better. The entire group can be better.” Williams has been appreciative of how demanding Brown is of young players and veterans alike. “One of the most important things is accountability,” Williams said. “He’s done a solid job so far with that and holding me accountable, holding all the guys accountable. And just how he is. He’s a lead-by-example type of guy, and that’s been great.” Now the Bears must see if the leadership extends to the whole team on game day. A few days ago, McVay reached out to Brown to talk with him about his new opportunity. Brown worked for three seasons under McVay from 2020-22, first as the running backs coach, then as the assistant head coach and tight ends coach. He was a part of the 2021 Rams Super Bowl-winning team. Brown, a former running back at Georgia, listed a few coaches who have made an impact on him over his 14 seasons of coaching at the collegiate and NFL levels. He was the running backs coach under offensive coordinator Andy Ludwig at Wisconsin and studied how to marry the run and pass. He learned from Mark Richt as the running backs coach at Georgia and the offensive coordinator at Miami. He valued his time learning how to be a communicator, leader and teacher with senior assistant Jim Caldwell in Carolina last year. But McVay is his biggest influence, both in how to design an offense and use personnel but also how to lead. He learned “the really good stuff” about how to be consistent and own the room but also lean on the people around him. Brown obviously made an impression on McVay, who at 38 years old is the same age and played against Brown in high school in Georgia. He told Los Angeles reporters last week that he always thought Brown would be a head coach at some point. “There are just certain people when you watch (them), you’re like, ‘Man, they’re a little different’ in terms of the competitiveness, the spirit, the never-say-die attitude,” McVay said. “And then just his overall presence in general is impressive. A good way to articulate it is he commands respect by the way he handles himself, and he gives it back.” That command will be put under a much bigger spotlight when he takes on his first game as interim head coach Sunday. Brown was matter of fact in the week leading up to his debut about how he is handling his expanded duties. He is not a micromanager, he said, so he will not do a lot of meddling with defensive coordinator Eric Washington and his staff as they navigate their first game without Eberflus as defensive play caller. Brown already has been working closely with newly named offensive coordinator Chris Beatty, also the wide receivers coach, over the last three games. But they’ve added discussions about in-game situations , such as clock management, over the last week as they try to purge some of the issues of the past. Wide receiver Keenan Allen said Thursday that late-game decisions — and accountability from the coaching staff on some of those decisions — were some of the biggest frustrations for players under Eberflus. When asked if he thinks accountability will be better under Brown, Allen said, “We’ve got to wait to see, but yeah, I do.” That’s the hopeful attitude many players have taken this week as they deal with the change and try to finish the season off right. Defensive end DeMarcus Walker believes in Brown’s direct, transparent, “grown men” approach to communication. And he’s behind Brown as he tries to help them put an end to a losing streak they think is not indicative of their talent. “We love his energy and his demeanor and attitude he brings for us as a team,” Walker said. “Obviously ever since he’s been calling plays, he’s brought a different level to it. And we’ve got his back.” When Brown considered what he wants the Bears’ identity to be under his leadership, he said he has “more of a defensive mentality, even as an offensive guy.” He wants players to understand the physicality they need to play with and the discipline they need to have when they apply themselves. And he wants them to maximize their next opportunity. “Life isn’t guaranteed; this game isn’t guaranteed,” Brown said. “It’s a privilege to be here, so I want us to maximize it every single day in the building. And when we have an opportunity to excel on game day, go cut it loose, man. Play with no fear.” Brown is approaching his big moment the same way.Saudi Arabia to launch professional cricket league: SACF chief
STATEN ISLAND, N.Y. (AP) — Zaire Williams' 19 points helped Wagner defeat Springfield (Mass.) 81-46 on Saturday night. Williams had five steals for the Seahawks (3-3). Ja'Kair Sanchez scored 12 points while shooting 4 for 10 (2 for 5 from 3-point range) and 2 of 3 from the free-throw line. Tyje Kelton had 11 points and shot 4 for 5, including 3 for 4 from beyond the arc. The Pride were led in scoring by Xoren Livingston, who finished with 13 points. RJ Hutt added 11 points and three blocks for Springfield. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .
In a letter to the Prime Minister, shadow foreign secretary Dame Priti Patel and shadow justice secretary Robert Jenrick claimed the decision by the International Criminal Court (ICC) had “no proper basis in international law”. They said the UK’s refusal to explicitly say whether or not the Israeli premier would be detained if he arrived in the country “opens the farcical spectre of your Government trying to sanction the arrest” of an ally to Britain. Criticising the ICC warrant, the shadow ministers said: “It is hard to escape the conclusion this is an activist decision, motivated by politics and not the law.” They argued the court was established to pursue cases in instances where countries do not have robust and independent judiciaries, which could not be said of Israel. “The UK Government’s response to the decision has been nonsensical,” they said. “On Friday, the Home Secretary refused to say whether Mr Netanyahu would be detained if he travelled to the UK. “This opens the farcical spectre of your Government trying to sanction the arrest on UK soil of the leader of an ally of the UK, while you continue a diplomatic charm offensive with the Chinese Communist Party leader Xi Jinping. “It falls to you to clarify the Government’s position – now. The Government must make clear that it does not support an arrest warrant being issued which has no proper basis in international law.” Downing Street on Friday indicated that Mr Netanyahu could face arrest if he entered the UK, refusing to comment on “hypotheticals” but saying Britain would always follow its “legal obligations”. The International Criminal Court Act 2001 states that a Secretary of State must, on receipt of a request for arrest from the ICC, “transmit the request and the documents accompanying it to an appropriate judicial officer”. Asked whether the UK would comply with requirements under the Act, Sir Keir’s spokesman said: “Yes, the Government would fulfil its obligations under the Act and indeed its legal obligations.” The ICC has issued a warrant for Mr Netanyahu and his former defence minister Yoav Gallant over alleged war crimes in Gaza. Number 10 previously said the domestic process linked to ICC arrest warrants has never been used to date by the UK because no-one wanted by the international court had visited the country. It added that Israel remained a “key partner across a range of areas”. The Prime Minister’s official spokesman said: “It is important that we have a dialogue with Israel at all levels to reach the ceasefire that we all want to see, to bring an end to the violence, to protect civilians and ensure the release of hostages.” The ICC also issued a warrant for Mohammed Deif, head of Hamas’s armed wing, over the October 7 2023 attacks that triggered Israel’s offensive in Gaza. A domestic court process would be required before Mr Netanyahu faced arrest if he set foot in the UK. The ICC said there are “reasonable grounds to believe” Mr Netanyahu and Mr Gallant were responsible for “the war crime of starvation as a method of warfare, and the crimes against humanity of murder, persecution and other inhumane acts”. The court’s pre-trial chamber also found “reasonable grounds to believe that Mr Netanyahu and Mr Gallant each bear criminal responsibility as civilian superiors for the war crime of intentionally directing an attack against the civilian population”. The impact of the warrants is likely to be limited since Israel and its major ally, the US, are not members of the ICC.Jimmy Carter: Many evolutions for a centenarian ‘citizen of the world’None
Ensuring a reliable supply of critical battery raw materials will be crucial to the global push to net-zero, especially with demand for battery electric vehicles (BEV) picking up pace towards the end of this decade, a new report by McKinsey finds. By 2030, McKinsey estimates that worldwide demand for passenger cars in the BEV segment will grow sixfold from 2021 through 2030, with annual unit sales increasing to roughly 28 million from 4.5 million during that period. Such a projection, the consultancy says, means that the industry is “likely to confront persistent long-term challenges” in keeping with demand. In particular, its reports highlights that automotive OEMs are giving more attention to reducing Scope 3 emissions from material usage, which contribute a large portion of what batteries emit. As a result, battery materials sourcing has become ever more important for battery producers. Based on the latest estimates, McKinsey’s analysis projects that demand will outpace base-case supply for certain materials, requiring additional investment and leading to fear of shortages and price volatility, among other challenges. Supply shortages looming Based on current market observations, battery manufacturers can expect challenges securing supply of several essential battery raw materials by 2030, McKinsey’s report finds. Battery makers use more than 80% of all lithium that is mined today, and that share could grow to 95% by 2030. With technological advancements shifting in favor of lithium-heavy batteries, lithium mining will need to increase substantially to meet 2030 demand, McKinsey says. For nickel, fears of a shortage prompted by the shift to BEVs have already triggered significant investments in new mines, particularly in Southeast Asia, but even more supply will need to be brought online. McKinsey’s report suggests the possibility of a slight shortage in 2030 as the battery sector continues to vie with steel and other sectors for Class 1 nickel. While the share of cobalt in battery chemistry mix is expected to decrease, the absolute demand for cobalt for all applications could rise by 7.5% a year from 2023 and 2030, McKinsey estimates, adding that shortages of cobalt are unlikely, but its supply will be driven by nickel and copper since it is largely a byproduct of their production. Meanwhile, the supply of manganese is projected to grow moderately through 2030, but an increasing demand for battery-grade material is likely to outpace supply, requiring the development of new refineries. To account for a rapid adoption of LFP (lithium iron phosphate) technology, McKinsey’s study models the 2030 supply and demand balances with two scenarios. Under the base case, only about 20% of the HPMSM (high-purity manganese sulfate monohydrate) supply will meet the requirements of battery applications (30% if all announced projects are realized), which themselves will account for only about 5% of total demand for manganese. In a world where the rapid adoption of LFP technology is coupled with a lower growth in EV production, the demand of battery materials could look different: Global trends Although overall demand for batteries and raw materials is increasing rapidly, supply is — and will remain — largely concentrated in a few naturally endowed countries, including Indonesia for nickel; Argentina, Bolivia, and Chile for lithium; and the DRC for cobalt, McKinsey says. Meanwhile, the refining typically takes place elsewhere, often in China (for cobalt and lithium), Indonesia (nickel), and Brazil (niobium). This value chain setup, according to McKinsey, poses additional considerations for regions such as the European Union and the United States, both of which have high demand for imported materials and often rely heavily on single-country sources. For example, the European Union imports 68% of its cobalt from the DRC, 24% of its nickel from Canada, and 79% of its refined lithium from Chile. Supply chain transparency Moreover, although supply concentration for materials such as refined nickel, cobalt and lithium are knowable, complete visibility into the origin of raw materials is sometimes unattainable. This is the case with high-purity manganese, of which more than 95% is produced in China and minor volumes come from Belgium and Japan; graphite, of which almost all is refined in China; and anode production, on which China has a near monopoly. Limited transparency into the origins of battery raw materials supply also poses broader ESG concerns and attention. For instance, the EU Batteries Regulation aims to make batteries sustainable throughout their entire life cycle, from material sourcing to battery collection, recycling and repurposing. As a result, McKinsey believes the pressure to address ESG concerns will likely increase moving forward. Recent supply chain disruptions, such as those affecting magnesium, silicon and semiconductors in from 2021 to 2023, have increased buyers’ needs to boost supply chain resilience for critical battery raw materials. Buyers’ risks of import dependency are further heightened by recent trade restrictions introduced by exporters, including China’s export controls on some materials (such as synthetic graphite and natural flake graphite products used in BEVs) and Indonesia’s ban on nickel ore exports.In May 2023, a subway performer named Jordan Neely died after being held in a chokehold by a man named Daniel Penny. As a result, Penny was charged with manslaughter and criminally negligent homicide, both of which he pleaded not guilty to. His trial has sparked debate about subway safety in New York City, the line between self-defense and senseless killing, and racism, since Penny is white and Nelly was black. Penny’s trial commenced in late 2024, and in December, the jury could not reach a verdict. Learn more about Penny’s trial, below. Who Is Daniel Penny? Penny is a military veteran, having served in the Marine Corps for four years. Afterward, the 26-year-old pursued a degree in architecture at the New York City College of Technology. Upon being charged with manslaughter, Penny pleaded not guilty to the charges and defended his actions by claiming that Neely was behaving violently on the subway. Penny further claimed that by holding Neely in a chokehold, he was trying to protect other subway riders as well as himself from Neely’s alleged erratic behavior. Penny defended himself by claiming, “The three main threats that he repeated over and over [from Neely] was, ‘I’m going to kill you,’ ‘I’m prepared to go to jail for life,’ and ‘I’m willing to die.’ I was scared for myself, but I looked around, I saw women and children. He was yelling in their faces. ... I didn’t want to be put in that situation, but I couldn’t just sit still and let him carry out these threats.” He also denied the allegations of racism, noting, “Some people say I was trying to choke him to death, which is also not true. I was trying to restrain him. You can see in the video, there’s a clear rise and fall of his chest. I didn’t see a Black man threatening passengers. I saw a man threatening passengers, a lot of whom were people of color.” BREAKING: The jury in Daniel Penny’s manslaughter and negligent homicide trial reported that it is “unable to come to a unanimous vote” on whether Penny committed second-degree manslaughter in the death of Jordan Neely on the New York City subway. https://t.co/sKuiwpqCVr pic.twitter.com/nOlMvqvHri — ABC News (@ABC) December 6, 2024 Who Was Jordan Neely? Neely was a 30-year-old subway performer in New York City recognized for his Michael Jackson impersonations. According to CBS , he struggled with mental illness and homelessness. Was Daniel Penny Found Guilty? Penny has not been found guilty at the time of publication because the jury is deadlocked. In early December 2024, jury deliberations dragged on for four days before they sent a note to the judge, which revealed they couldn’t reach a unanimous decision. What Does a Hung Jury Mean? The term “hung jury,” a.k.a a “deadlocked jury,” is when a jury doesn’t unanimously agree on a verdict. A hung jury typically results in a mistrial. Is Daniel Penny Going to Prison? Penny’s fate is still unclear after the jury struggled to decide on a verdict.
Stock market today: Wall Street slips as the 'Magnificent 7' weighs down the market NEW YORK (AP) — Stocks are closing lower as Wall Street ends a holiday-shortened week on a down note. The S&P 500 fell 1.1% Friday and the the Dow Jones Industrial Average lost 333 points, or 0.8%. The Nasdaq composite dropped 1.5%. The “Magnificent 7” stocks weighed on the market, led by declines in Nvidia, Tesla and Microsoft. Even with the loss, the S&P 500 had a modest gain for the week and is still headed for its second consecutive annual gain of more than 20%, the first time that has happened since 1997-1998. The yield on the 10-year Treasury rose to 4.62%. 10 tips from experts to help you change your relationship with money in 2025 NEW YORK (AP) — As the calendar changes to 2025, you might be thinking about how to approach your relationship with money in the new year. Whether you’re saving to move out of your parents’ house or pay off student loan debt, financial resolutions can help you stay motivated. If you’re planning to make financial resolutions for the new year, experts recommend that you start by evaluating the state of your finances in 2024. Then, set specific goals and make sure they’re attainable for your lifestyle. An online debate over foreign workers in tech shows tensions in Trump's political coalition WEST PALM BEACH, Fla. (AP) — An online spat between factions of Donald Trump’s supporters over immigration and the tech industry has thrown internal divisions in the president-elect’s political movement into public display. The argument previews fissures and contradictory views his coalition could bring to the White House. The rift laid bare tensions between the newest flank of Trump’s movement — that is, wealthy members of the tech world who want more highly skilled workers in their industry — and people in Trump’s Make America Great Again base who championed his hardline immigration policies. A 9th telecoms firm has been hit by a massive Chinese espionage campaign, the White House says WASHINGTON (AP) — A top White House official says a ninth U.S. telecoms firm has been confirmed to have been hacked as part of a sprawling Chinese espionage campaign that gave officials in Beijing access to private texts and phone conversations of an unknown number of Americans. Administration officials said this month that at least eight telecommunications companies, as well as dozens of nations, had been affected by the Chinese hacking blitz known as Salt Typhoon. But Anne Neuberger, a deputy national security adviser, said Friday that a ninth victim had been identified after the administration released guidance to companies about how to hunt for Chinese culprits in their networks. Most Americans blame insurance profits and denials alongside the killer in UHC CEO death, poll finds WASHINGTON (AP) — Most Americans believe health insurance profits and coverage denials share responsibility for the killing of UnitedHealthcare’s CEO — although not as much as the person who pulled the trigger. So says a new poll from NORC at the University of Chicago. It finds that about 8 in 10 Americans say that the person who committed the killing has “a great deal” or “a moderate amount” of responsibility for the Dec. 4 shooting of Brian Thompson. Still, some see suspect Luigi Mangione as a heroic figure. About 7 in 10 adults say coverage denials or health insurance profits also bear at least “a moderate amount” of responsibility for Thompson’s death. Another jackpot surpasses $1 billion. Is this the new normal? Remember this moment because it probably won’t last: A U.S. lottery jackpot is projected to soar above $1 billion, and that's still a big deal. Friday’s Mega Millions drawing is worth an estimated $1.15 billion. The prize has evoked headlines across the country, despite the nation's top 10 jackpots already having boasted billion-dollar payouts. Jonathan Cohen is the author of the book “For a Dollar and a Dream: State Lotteries in Modern America.” He says he expects jackpots to continue to grow in size. Larger payouts attract more media attention, increase ticket sales and bring in new players. How the stock market defied expectations again this year, by the numbers NEW YORK (AP) — What a wonderful year 2024 has been for investors. U.S. stocks ripped higher and carried the S&P 500 to records as the economy kept growing and the Federal Reserve began cutting interest rates. The benchmark index posted its first back-to-back annual gains of more than 20% since 1998. The year featured many familiar winners, such as Big Tech, which got even bigger as their stock prices kept growing. But it wasn’t just Apple, Nvidia and the like. Bitcoin and gold surged and “Roaring Kitty” reappeared to briefly reignite the meme stock craze. Richard Parsons, prominent executive who led Time Warner and Citigroup, dies at 76 NEW YORK (AP) — Richard Parsons, one of corporate America’s most prominent Black executives who held top posts at Time Warner and Citigroup, has died. He was 76. Parsons died Thursday at his Manhattan home. He was diagnosed with multiple myeloma in 2015 and cited “unanticipated complications” from the disease for cutting back on work a few years later. Financial services company Lazard confirmed his death. Parsons was a longtime member of the company's board. His friend Ronald Lauder told The New York Times that the cause of death was cancer. Parsons stepped down Dec. 3 from the boards of Lazard and Lauder’s company, Estée Lauder, citing health reasons. He had been on Estée Lauder’s board for 25 years. Israel strikes Houthi rebels in Yemen's capital while the WHO chief says he was meters away JERUSALEM (AP) — A new round of Israeli airstrikes in Yemen has targeted the Houthi rebel-held capital of Sanaa and multiple ports. The World Health Organization’s director-general said Thursday's bombardment took place just “meters away” as he was about to board a flight in Sanaa. He says a crew member was hurt. The strikes followed several days of Houthi attacks and launches setting off sirens in Israel. Israel's military says it attacked infrastructure used by the Houthis at the airport in Sanaa, power stations and ports. The Israeli military later said it wasn’t aware that the WHO chief was at the location in Yemen. At least three people were reported killed and dozens injured in the Sanaa airport strike. Holiday shoppers increased spending by 3.8% despite higher prices New data shows holiday sales rose this year even as Americans wrestled with still high prices in many grocery necessities and other financial worries. According to Mastercard SpendingPulse, holiday sales from the beginning of November through Christmas Eve climbed 3.8%, a faster pace than the 3.1% increase from a year earlier. The measure tracks all kinds of payments including cash and debit cards. This year, retailers were even more under the gun to get shoppers in to buy early and in bulk since there were five fewer days between Thanksgiving and Christmas. Mastercard SpendingPulse says the last five days of the season accounted for 10% of the spending. Sales of clothing, electronics and Jewelry rose.Jimmy Carter, the farmer, president and Nobel peace crusader, dies at age 100
After finally putting an end to their winless run, Istanbul Basaksehir will hope to build on their recent victory when they host Hatayspor at Basaksehir Fatih Terim Stadyumu on Sunday. The Grey Owls won 4-1 on home soil against Goztepe last Saturday, in what was their first win across all competitions since September 27. © Imago After a long wait, Istanbul Basaksehir finally secured another victory with a great first-half display which saw them score four goals courtesy of Davidson , Deniz Turuc , and a brace from Krzysztof Piatek . The result ended a run of 10 straight matches without a win across all competitions for the Grey Owls, and six in a row in the Turkish Super Lig , helping them climb to seventh in the table with 19 points. Cagdas Atan 's side are now four points behind fourth-placed Eyupspor who have played one extra game, and will be looking to go on a good run to catch them, starting from the game against lowly-placed Hatayspor. Basaksehir have won their last four matches across all competitions against Sunday's opposition, including one via penalties in the Turkish Cup. The Grey Owls have also won their last three home matches in the Super Lig against the visitors, scoring seven and conceding none in those games. © Imago Hatayspor are now unbeaten in their last three Super Lig matches, following up a win against Gaziantep with 1-1 draws against Konyaspor and most recently, Besiktas. The Star of the South took the lead one minute before the half-hour mark via Gorkem Saglam , but they could not hold on to the lead, conceding four minutes before the break. However, Riza Calimbay 's side are still stuck in the relegation zone with eight points from 13 matches, leaving them second bottom in the league, with only Adana Demirspor behind them in the standings and six points between them and safety. The Star of the South will be welcome visitors, given they have the joint-worst away record in the league, recording just two points after six matches on the road. However, Hatayspor will be heading into Sunday's clash with a positive feeling, after winning 5-0 against fourth division side Osmaniyespor in the Turkish Cup on Thursday. © Imago Berkay Ozcan is the only absentee for Basaksehir, as the head coach confirmed that he will no longer play for the club. Piatek, who has scored eight goals in the Super Lig this season, is the joint-second top scorer in the league, and will be looking to add to his tally when he leads the line on Sunday. Hatayspor will remain without midfielder Massanga Matondo , who is sidelined until the middle of this month due to a foot injury. Carlos Strandberg bagged a brace in the cup win on Thursday and will be hoping to play from the start after playing a substitute role in the last league game. Istanbul Basaksehir possible starting lineup: Sengezer; Duarte, Ba, Opoku, Lima; Ergun; Turuc, Kemen, Crespo, Davidson; Piatek Hatayspor possible starting lineup: Kardesler; Sertel, Calvo, Kilama, Corekci; Diack, Saglam; Rivas, Pedro, Fernandes; Aboubakar Even during their struggles, Basaksehir remained resilient on home soil, and it is no coincidence that their winless run ended with a home win. The hosts will be too strong for the visitors who have been poor, especially on the road, which is why we are predicting a win for the home side. For data analysis of the most likely results, scorelines and more for this match please click here .The man who ended Nadal's career helps the Netherlands beat Germany to reach the Davis Cup final