WuKong Education Named to the 2025 GSV 150 for Leading the Way in Education TechnologyPARIS (AP) — France’s president and prime minister managed to form a new government just in time for the holidays. Now comes the hard part. Crushing debt , intensifying pressure from the nationalist far right, wars in Europe and the Mideast: Challenges abound for President Emmanuel Macron and Prime Minister Francois Bayrou after an already tumultuous 2024. The most urgent order of business is passing a 2025 budget. Financial markets, ratings agencies and the European Commission are pushing France to bring down its deficit, to comply with EU rules limiting debt and keep France’s borrowing costs from spiraling. That would threaten the stability and prosperity of all countries that share the euro currency. France’s debt is currently estimated at a staggering 112% of gross domestic product. It grew further after the government gave aid payments to businesses and workers during COVID-19 lockdowns even as the pandemic depressed growth, and capped household energy prices after Russia invaded Ukraine. The bill is now coming due. But France’s previous government collapsed this month because Marine Le Pen’s far-right party and left-wing lawmakers opposed 60 billion euros in spending cuts and tax hikes in the original 2025 budget plan. Bayrou and new Finance Minister Eric Lombard are expected to scale back some of those promises, but the calculations are tough. “The political situation is difficult. The international situation is dangerous, and the economic context is fragile,” Lombard, a low-profile banker who advised a Socialist government in the 1990s, said upon taking office. “The environmental emergency, the social emergency, developing our businesses — these innumerable challenges require us to treat our endemic illness: the deficit,” he said. “The more we are indebted, the more the debt costs, and the more it suffocates the country.” This is France’s fourth government in the past year. No party has a parliamentary majority and the new Cabinet can only survive with the support of lawmakers on the center-right and center-left. Le Pen — Macron’s fiercest rival — was instrumental in ousting the previous government by joining left-wing forces in a no-confidence vote. Bayrou consulted her when forming the new government and Le Pen remains a powerful force. That angers left-wing groups, who had expected more influence in the new Cabinet, and who say promised spending cuts will hurt working-class families and small businesses hardest. Left-wing voters, meanwhile, feel betrayed ever since a coalition from the left won the most seats in the summer's snap legislative elections but failed to secure a government. The possibility of a new no-confidence vote looms, though it's not clear how many parties would support it. Macron has repeatedly said he will remain president until his term expires in 2027. But France's constitution and current structure, dating from 1958 and called the Fifth Republic, were designed to ensure stability after a period of turmoil. If this new government collapses within months and the country remains in political paralysis, pressure will mount for Macron to step down and call early elections. Le Pen's ascendant National Rally is intent on bringing Macron down. But Le Pen faces her own headaches: A March court ruling over alleged illegal party financing could see her barred from running for office. The National Rally and hard-right Interior Minister Bruno Retailleau want tougher immigration rules. But Bayrou wants to focus on making existing rules work. “There are plenty of (immigration) laws that exist. None is being applied," he said Monday on broadcaster BFM-TV, to criticism from conservatives. Military spending is a key issue amid fears about European security and pressure from U.S. President-elect Donald Trump for Europe to spend more on its own defense. French Defense Minister Sebastien Lecornu, who champions military aid for Ukraine and ramping up weapons production, kept his job and stressed in a statement Tuesday the need to face down ‘’accumulating threats'' against France. More immediately, Macron wants an emergency law in early January to allow sped-up reconstruction of the cyclone-ravaged French territory of Mayotte in the Indian Ocean off Africa. Thousands of people are in emergency shelters and authorities are still counting the dead more than a week after the devastation. Meanwhile the government in the restive French South Pacific territory of New Caledonia collapsed Tuesday in a wave of resignations by pro-independence figures — another challenge for the new overseas affairs minister, Manuel Valls, and the incoming Cabinet. Associated Press writer David McHugh in Frankfurt contributed.
Deep-pocketed investors have adopted a bearish approach towards Peloton Interactive PTON , and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in PTON usually suggests something big is about to happen. We gleaned this information from our observations today when Benzinga's options scanner highlighted 13 extraordinary options activities for Peloton Interactive. This level of activity is out of the ordinary. The general mood among these heavyweight investors is divided, with 30% leaning bullish and 38% bearish. Among these notable options, 2 are puts, totaling $139,823, and 11 are calls, amounting to $560,137. Expected Price Movements Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $9.0 to $22.0 for Peloton Interactive over the recent three months. Volume & Open Interest Trends In terms of liquidity and interest, the mean open interest for Peloton Interactive options trades today is 10726.4 with a total volume of 11,942.00. In the following chart, we are able to follow the development of volume and open interest of call and put options for Peloton Interactive's big money trades within a strike price range of $9.0 to $22.0 over the last 30 days. Peloton Interactive Call and Put Volume: 30-Day Overview Biggest Options Spotted: Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume PTON CALL TRADE NEUTRAL 01/17/25 $1.14 $1.1 $1.12 $10.00 $112.0K 63.9K 2.0K PTON PUT SWEEP BULLISH 12/06/24 $0.33 $0.3 $0.3 $9.00 $92.7K 5.5K 5.0K PTON CALL SWEEP BEARISH 01/17/25 $1.15 $1.1 $1.1 $10.00 $65.5K 63.9K 1.2K PTON CALL SWEEP BEARISH 12/13/24 $1.04 $1.02 $1.02 $9.00 $56.8K 3.5K 566 PTON CALL SWEEP BEARISH 01/17/25 $1.14 $1.08 $1.1 $10.00 $55.5K 63.9K 1.2K About Peloton Interactive Peloton Interactive Inc operates an interactive fitness platform. It operates its business in two reportable segments: Connected Fitness Products and Subscription. Connected Fitness Product revenue consists of bike and tread and related accessories sales, associated fees for delivery and installation, and extended warranty agreements. Subscription revenue is generated from monthly Connected Fitness Subscription and Digital Subscription. The company generates maximum revenue from the Subscription segment. Geographically, the company derives a majority of its revenue from North America and the rest from the International markets. In light of the recent options history for Peloton Interactive, it's now appropriate to focus on the company itself. We aim to explore its current performance. Peloton Interactive's Current Market Status With a trading volume of 10,526,406, the price of PTON is up by 3.04%, reaching $9.83. Current RSI values indicate that the stock is may be overbought. Next earnings report is scheduled for 66 days from now. What Analysts Are Saying About Peloton Interactive In the last month, 5 experts released ratings on this stock with an average target price of $8.0. Unusual Options Activity Detected: Smart Money on the Move Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access .* Consistent in their evaluation, an analyst from Telsey Advisory Group keeps a Market Perform rating on Peloton Interactive with a target price of $9. * An analyst from Macquarie has decided to maintain their Neutral rating on Peloton Interactive, which currently sits at a price target of $9. * An analyst from JP Morgan has decided to maintain their Neutral rating on Peloton Interactive, which currently sits at a price target of $7. * An analyst from Truist Securities persists with their Hold rating on Peloton Interactive, maintaining a target price of $10. * An analyst from Morgan Stanley has decided to maintain their Equal-Weight rating on Peloton Interactive, which currently sits at a price target of $5. Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Peloton Interactive with Benzinga Pro for real-time alerts. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
( MENAFN - The Conversation) 20 years have passed since the Aceh tsunami, leaving deep scars on Indonesia, especially for those directly affected. Aceh was also recovering from a three-decade armed conflict between the Free Aceh Movement and the national government Throughout December 2024, The Conversation Indonesia, in collaboration with academics, is publishing a special edition honouring the 20 years of efforts to rebuild Aceh . We hope this series of articles preserves our collective memory while inspiring reflection on the journey of recovery and peace in the land of 'Serambi Makkah.' Acehnese women have long been integral to the history of their region, particularly after the 2004 tsunami, one of Indonesia's deadliest natural disasters, and the Helsinki Peace Agreement , which ended years of conflict between the government and the Free Aceh Movement (GAM). Despite their crucial contributions to rebuilding and fostering peace, women in Aceh still face major challenges in ensuring that the peace achieved includes their needs and rights. Their efforts often go unrecognised, and the policies that shape their lives fail to address their realities. In some cases, these policies actively discriminate against women. As the conflict in Aceh escalated into firefights, lasting over a decade of 1989-2005, many women became primary breadwinners, ensuring their children's education and providing emotional support to their families. Around 2,000 women actively participated in the fight, picking up arms as combatants. In the years following the 2004 tsunami and the 2005 Helsinki Peace Agreement, some progress was made to include women in policy-making processes. However, the outcomes have been unremarkable. Policies implemented after the peace agreement rarely put women's needs first or acknowledged their efforts. For instance, Aceh's 2009 Qanun –a regulation unique to Aceh–aims to promote women's empowerment and protection, but its implementation remains weak. Women have little say in decision-making, and their representation in province, district, and city-level leadership posts remains minimal. Here are some examples of how women in Aceh have been sidelined in decision-making, discriminated against in their daily lives and frequently harassed: The younger generation, particularly Gen Z, offers hope for a brighter future. Acehnese young women are increasingly leveraging digital platforms to advocate for their rights and challenge societal norms. Their ability to connect with global networks gives them tools to amplify their voices and demand equality. This new generation has the potential to drive meaningful change, but they face entrenched patriarchal norms that require dismantling. To achieve substantial peace and gender equality in Aceh, empowering young women as agents of change and supporting their initiatives to create a more inclusive society is essential. To ensure that Aceh achieves lasting peace that benefits everyone, several steps are necessary: Acehnese women have demonstrated remarkable resilience and strength throughout the region's history. By ensuring their voices are heard and their rights respected, Aceh can move closer to achieving true peace and equality for all its citizens. This article was originally published in Indonesian MENAFN23122024000199003603ID1109025346 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.Amanda Hernández | (TNS) Stateline.org CHICAGO — Shoplifting rates in the three largest U.S. cities — New York, Los Angeles and Chicago — remain higher than they were before the pandemic, according to a report last month from the nonpartisan research group Council on Criminal Justice. The sharp rise in retail theft in recent years has made shoplifting a hot-button issue, especially for politicians looking to address public safety concerns in their communities. Since 2020, when viral videos of smash-and-grab robberies flooded social media during the COVID-19 pandemic, many Americans have expressed fears that crime is out of control. Polls show that perceptions have improved recently, but a majority of Americans still say crime is worse than in previous years. “There is this sense of brazenness that people have — they can just walk in and steal stuff. ... That hurts the consumer, and it hurts the company,” said Alex Piquero, a criminology professor at the University of Miami and former director of the federal Bureau of Justice Statistics, in an interview. “That’s just the world we live in,” he said. “We need to get people to realize that you have to obey the law.” At least eight states — Arizona, California, Florida, Iowa, Kansas, Louisiana, New York and Vermont — passed a total of 14 bills in 2024 aimed at tackling retail theft, according to the National Conference of State Legislatures. The measures range from redefining retail crimes and adjusting penalties to allowing cross-county aggregation of theft charges and protecting retail workers. Major retailers have responded to rising theft since 2020 by locking up merchandise, upgrading security cameras, hiring private security firms and even closing stores. Still, the report indicates that shoplifting remains a stubborn problem. In Chicago, the rate of reported shoplifting incidents remained below pre-pandemic levels throughout 2023 — but surged by 46% from January to October 2024 compared with the same period a year ago. Shoplifting in Los Angeles was 87% higher in 2023 than in 2019. Police reports of shoplifting from January to October 2024 were lower than in 2023. Los Angeles adopted a new crime reporting system in March 2024, which has likely led to an undercount, according to the report. In New York, shoplifting rose 48% from 2021 to 2022, then dipped slightly last year. Still, the shoplifting rate was 55% higher in 2023 than in 2019. This year, the shoplifting rate increased by 3% from January to September compared with the same period last year. While shoplifting rates tend to rise in November and December, which coincides with in-person holiday shopping, data from the Council on Criminal Justice’s sample of 23 U.S. cities shows higher rates in the first half of 2024 compared with 2023. Researchers found it surprising that rates went up despite retailers doing more to fight shoplifting. Experts say the spike might reflect improved reporting efforts rather than a spike in theft. “As retailers have been paying more attention to shoplifting, we would not expect the numbers to increase,” said Ernesto Lopez, the report’s author and a senior research specialist with the council. “It makes it a challenge to understand the trends of shoplifting.” In downtown Chicago on a recent early afternoon, potential shoppers shuffled through the streets and nearby malls, browsing for gifts ahead of the holidays. Edward Johnson, a guard at The Shops at North Bridge, said that malls have become quieter in the dozen or so years he has worked in mall security, with the rise of online retailers. As for shoplifters, Johnson said there isn’t a single type of person to look out for — they can come from any background. “I think good-hearted people see something they can’t afford and figure nothing is lost if they take something from the store,” Johnson said as he patrolled the mall, keeping an eye out for lost or suspicious items. Between 2018 and 2023, most shoplifting in Chicago was reported in the downtown area, as well as in the Old Town, River North and Lincoln Park neighborhoods, according to a separate analysis by the Council on Criminal Justice. Newly sworn-in Cook County State’s Attorney Eileen O’Neill Burke this month lowered the threshold for charging retail theft as a felony in the county, which includes Chicago, from $1,000 to $300, aligning it with state law. “It sends a signal that she’s taking it seriously,” Rob Karr, the president and CEO of the Illinois Retail Merchants Association, told Stateline. Nationally, retailers are worried about organized theft. The National Retail Federation’s latest report attributed 36% of the $112.1 billion in lost merchandise in 2022 to “external theft,” which includes organized retail crime. Organized retail crime typically involves coordinated efforts by groups to steal items with the intent to resell them for a profit. Commonly targeted goods include high-demand items such as baby formula, laundry detergent and electronics. The same report found that retailers’ fear of violence associated with theft also is on the rise, with more retailers taking a “hands-off approach.” More than 41% of respondents to the organization’s 2023 survey, up from 38% in 2022, reported that no employee is authorized to try and stop a shoplifter. (The federation’s reporting has come under criticism. It retracted a claim last year that attributed nearly half of lost merchandise in 2021 to organized retail crime; such theft accounted for only about 5%. The group announced this fall it will no longer publish its reports on lost merchandise.) Policy experts say shoplifting and organized retail theft can significantly harm critical industries, drive up costs for consumers and reduce sales tax revenue for states. Those worries have driven recent state-level action to boost penalties for shoplifting. California Democratic Gov. Gavin Newsom signed a package of 10 bills into law in August aimed at addressing retail theft. These measures make repeated theft convictions a felony, allow aggregation of crimes across multiple counties to be charged as a single felony, and permit police to arrest suspects for retail theft even if the crime wasn’t witnessed directly by an officer. In September, Newsom signed an additional bill that imposes steeper felony penalties for large-scale theft offenses. California voters also overwhelmingly approved a ballot measure in November that increases penalties for specific drug-related and theft crimes. Under the new law, people who are convicted of theft at least twice may face felony charges on their third offense, regardless of the stolen item’s value. “With these changes in the law, really it comes down to making sure that law enforcement is showing up to our stores in a timely manner, and that the prosecutors and the [district attorneys] are prosecuting,” Rachel Michelin, the president and CEO of the California Retailers Association, told Stateline. “That’s the only way we’re going to deter retail theft in our communities.” In New Jersey, a bipartisan bill making its way through the legislature would increase penalties for leading a shoplifting ring and allow extended sentences for repeat offenders. “This bill is going after a formally organized band of criminals that deliver such destruction to a critical business in our community. We have to act. We have to create a deterrence,” Democratic Assemblymember Joseph Danielsen, one of the bill’s prime sponsors, said in an interview with Stateline. The legislation would allow extended sentences for people convicted of shoplifting three times within 10 years or within 10 years of their release from prison, and would increase penalties to 10 to 20 years in prison for leading a retail crime ring. The bill also would allow law enforcement to aggregate the value of stolen goods over the course of a year to charge serial shoplifters with more serious offenses. Additionally, the bill would increase penalties for assaults committed against retail workers, and would require retailers to train employees on detecting gift card scams. Maryland legislators considered a similar bill during this year’s legislative session that would have defined organized retail theft and made it a felony. The bill didn’t make it out of committee, but Cailey Locklair, president of the Maryland Retailers Alliance, said the group plans to propose a bill during next year’s legislative session that would target gift card fraud. Better, more thorough reporting from retailers is essential to truly understanding shoplifting trends and its full impact, in part because some retail-related crimes, such as gift card fraud, are frequently underreported, according to Lopez, of the Council on Criminal Justice. Measuring crime across jurisdictions is notoriously difficult , and the council does not track organized retail theft specifically because law enforcement typically doesn’t identify it as such at the time of arrest — if an arrest even occurs — requiring further investigation, Lopez said. The council’s latest report found conflicting trends in the FBI’s national crime reporting systems. The FBI’s older system, the Summary Reporting System, known as SRS, suggests that reported shoplifting hadn’t gone up through 2023, remaining on par with 2019 levels. In contrast, the FBI’s National Incident-Based Reporting System, or NIBRS, shows a 93% increase in shoplifting over the same period. The discrepancy may stem from the type of law enforcement agencies that have adopted the latter system, Lopez said. Some of those communities may have higher levels of shoplifting or other types of property crime, which could be what is driving the spike, Lopez said. Despite the discrepancies and varying levels of shoplifting across the country, Lopez said, it’s important for retailers to report these incidents, as doing so could help allocate law enforcement resources more effectively. “All law enforcement agencies have limited resources, and having the most accurate information allows for not just better policy, but also better implementation — better use of strategic resources,” Lopez said. Stateline staff writer Robbie Sequeira contributed to this report. ©2024 States Newsroom. Visit at stateline.org. Distributed by Tribune Content Agency, LLC.