The opportunity to return to his home state and take over a football program that has committed the resources for future success is one that Bronco Mendenhall ultimately couldn’t pass up. Mendenhall, the former BYU, Virginia and New Mexico head coach, has been tasked to lead Utah State University’s program. He was officially introduced in front of a large Monday morning crowd during a press conference on the third floor of Maverik Stadium’s West Stadium Center. “The first guiding principle of our program is family first, last and always,” Mendenhall said in his opening remarks to the gathering. “This decision, in addition to this amazing institution, aligns with our first principle family first, last, always. Who in the world gets to lead an amazing football program into a brand new era with such a rich tradition and do it with the support of your family in the same state? I think we have the best job on the planet.” Mendenhall, who spent this past season as the head coach of New Mexico, spoke following some opening remarks from USU President Elizabeth R. Cantwell and Athletics Director Diana Sabau. Mendenhall, a former Snow College and Oregon State defensive back, is the 31st head coach in program history. “It’s incredibly important to me that we elevate students’ success every single step of the way,” Cantwell said. “The impact of a champion-level football program is unbelievable and I know many of you are investors steeped on the athletics side, but I can tell you as a university president of a public service university that is elevates us everywhere. And there are a lot of reasons why, but I believe. I believe in this football program, I believe in Bronco Mendenhall, I believe in Diana Sabau and I believe in USU, and they all go together. So, we’re very, very, very, very fortunate to have Bronco Mendenhall on board. He is the right person for this time. He’s who we need at USU to propel us into an incredible future.” Sabau presented Mendenhall with a framed composition of USU’s Old Main building and told the gathering the A atop the building would be lit blue tonight in honor of the long-time collegiate coach. “This was a national process,” Sabau said. “I received a lot of calls of interest from very well-qualified candidates, from members in the NFL, from former Aggies, from Division I position coaches and coordinators ... and sitting head coaches. There was an intense interest. You all should recognize that and hold that dear. To that end, I made the decision early that we needed the experience of a sitting head coach to develop our young men and daily address the complexities of this changing game of football at the Division I level. ... We needed someone at Utah State for our football program who would elevate our competitive excellence, who would prioritize our academic success and who would engage as good stewards of our community. Bronco Mendenhall emerged as that leader.” Mendenhall, whose mother still lives in his native city of Alpine, signed a six-year contract late last week — one that made him the highest-paid coach in the Mountain West Conference. His base salary for Year 1 is $2 million, with increases every year in the $60,000 range. Mendenhall has also been allocated a significant number of resources for his coaching pool, starting at $3.5 million in Year 1, with a $500,000 increase in each successive season. This commitment to building a program that will join the Pac-12 Conference starting in the 2025-26 academic year is something that did not go unnoticed by Mendenhall, who had a base salary of $1.2 million in his lone season at New Mexico. “We’re thrilled — my wife and I, my staff — and honored (to be USU’s head coach),” said Mendenhall, who was accompanied at the press conference with his wife, Holly, by his side. “We’re very clear that there’s interest in football here. This turnout shows that. Amazing football transforms communities and who would think that could happen, (that), hey, the Aggies winning in football and doing it consistently and well and doing it the right way, it can become the identity not only of the community, but of the entire state. I love the idea of the majority of this team coming from our state. I love the idea of us being dominant in our footprint. I love the idea of diversity. I love the idea of difference. I always love the ability to unite and I intend to have a team that represents us, this community, this institution in a way that you can be proud of, not only in how we play, but who we are.” The 58-year-old is looking forward to building a program that not only competes for conference championships, but takes a lot of pride in success in the classroom and being active in the community. “In my opinion, in the world of college athletics, (this is) the ideal platform to develop amazing young people from, (but), at the same time, championships matter,” Mendenhall said. “And so what you’ll be dealing with in a head coach (like) myself is that, yeah, results absolutely matter, but how we accomplish that, it matters even more. I care about these young people, who they become, what they do with their lives, how they play. But ultimately if they’re influencing this community in a positive way, if they’re becoming amazing young men for their families, if they’re able to contribute in society with all kinds of memories of championship experiences here, that looks like success to me. There isn’t anyone on the planet that will have higher expectations for our players than I. The greatest gift I can give is that of extreme expectations.” This kind of balance is something Mendenhall is confident can come to fruition at USU. “In most institutions where I’ve been, it was the highest grade point average in the school’s history, followed by the most service hours in the school’s history, followed by the most success on the field in school history,” the father of three said. “Those things happen at the same time. Many in college athletics today think those are mutually exclusive, (that) there’s not enough time and all we care about is football. It will take everything our players have to keep up with the football demands.” The lion’s share of Mendenhall’s staff at New Mexico will be joining him at USU, he said in a Monday radio interview with Scott Garrard and Hans Olsen. One of the exceptions is offensive coordinator Kevin McGiven, who Mendenhall specifically mentioned in Monday’s press conference. McGiven spent this past season as the receivers coach/passing game coordinator at San Jose State. This will be McGiven’s third stint in Logan, inasmuch as he was the assistant head coach/quarterbacks coach in 2009 and the QB coach/offensive coordinator from 2013-14. Mendenhall and his staff are currently in the process of “evaluating our current roster.” Evaluating the class of 2025 recruits that signed with the Aggies last week will be the next priority, Mendenhall, who has an all-time record of 140-88 as a head coach, said Monday. “This current team, they didn’t choose me,” said Mendenhall, who has guided 16 of his 18 teams as head coach to bowl eligibility. “They’ll have a chance to choose me over the upcoming months. But, let’s face it, they weren’t the ones that choose and so that relationship will grow and develop as they come, and hopefully the relationships formed will be outstanding. I believe in the power of choice and enabling young people the power of choice. The expectations of the program will be so clear and so transparent and so consistent with fierce accountability (that) really it doesn’t allow anyone to remain neutral.”(Bloomberg) — Asian shares were poised for a tepid opening as traders await key US inflation data for clues on whether the Federal Reserve will cut or hold rates next week. Sydney stocks edged lower and futures for Tokyo’s benchmark were slightly down, while Hong Kong shares were set for a steady open. S&P 500 contracts were little changed on Wednesday following small moves in the US, where stocks fell and bond yields rose in the run-up to the consumer price index data. “Animal spirits take a breather ahead of CPI,” said Jose Torres at Interactive Brokers. “US stocks are stalling near all-time highs as investors await this year’s final CPI report, which is expected to reflect another increase in the annualized headline figure.” Wednesday’s CPI will offer Fed officials a final look at the pricing environment ahead of their next meeting. Any indication that progress has stalled could well undercut the chances of a rate cut. For now, swap trading projects an 80% chance of a quarter-point Fed reduction this month. The market is pricing in the smallest implied reaction to CPI since 2021, according to Bank of America Corp. strategists, who argue the readout will matter more this time. “A softer print can clear the path for a year-end rally, with the second half of December being the second strongest period of the year,” a team led by Ohsung Kwon said. “On the contrary, a firmer print can revamp volatility,” particularly after the post-election rally. The S&P 500 and Nasdaq 100 both slipped 0.3%. Treasury 10-year yields rose three basis points to 4.23%. The Bloomberg Dollar Spot Index added 0.1%. CPI figures on Wednesday are expected to show a fourth straight 0.3% increase in the consumer price index excluding food and fuel. The data will be the last major inflation data point before the Fed’s final policy meeting of the year. China is set to begin its annual economic work meeting on Wednesday to map out policies for next year, with traders emboldened by the strongest stimulus signals from its top leaders in years. President Xi Jinping said on Tuesday that Beijing is fully confident in achieving its economic growth target this year. China may raise its budget deficit to the highest in three decades and make the deepest interest-rate cuts since 2015, according to economists. At least seven Chinese brokerages forecast that next year’s fiscal deficit target could reach 4% of gross domestic product, the widest since a major tax reform in 1994. Beijing has historically kept its budget deficit ratio at or below 3%. Meanwhile, the bid by Nippon Steel Corp. to buy United States Steel Corp. looks to be entering its endgame, with President Joe Biden to formally block the $14.1 billion sale on national security grounds once the deal is referred back to him later this month, people familiar with the matter said. Corporate Highlights: Key events this week: Some of the main moves in markets: Stocks Currencies Cryptocurrencies Bonds Commodities This story was produced with the assistance of Bloomberg Automation.
The has arrived, bringing both promise and caution. Many people are wondering if AI can coexist peacefully and productively alongside a broad human workforce with diverse talents, skills, and abilities. I believe that AI isn't coming to — it's coming to take away tasks. 80% of employees' time is consumed by low-value, repetitive, time-intensive, uninteresting tasks, while only 20% gets devoted to the more interesting activities that generate higher value for the organization. What if we could flip that ratio? What if we could free humans to solve, build, and create? That's what I believe AI can do. In the process, this new AI paradigm can unlock the value of an accelerated and more fulfilling career. I strongly believe that what we invent today can lead to a profound impact on the world — changing industries and people's lives. Marie Kondo-ing with AI Thoughtfully deployed, generative and help people find more meaning in their work. It can free you to work on the parts of your job that are more interesting and more valuable — the reasons you got into your profession in the first place. I think the applies: If the task doesn't spark joy, let AI take it from you. Our goal must be to kindle (or rekindle) our joy, to bring out curiosity and creativity, and to reimagine what's possible, now that we're no longer burdened with an assortment of mundane tasks. In a sense, AI can give each of us a job promotion, not be a job replacement. There will be short-term displacement but it will self-correct Of course, the widescale adoption of Gen AI will have impacts and implications, and it would be foolhardy to ignore them. Increased productivity and greater cost efficiencies will inevitably lead to — for example, contact centers with faster resolution times need fewer workers. However, I believe that AI will also in such a macroeconomic picture. Efforts must be made to close wage disparities and potential economic or opportunity gaps. Community colleges should offer guided and hands-on training to ensure AI is accessible to the broadest areas of our workforce. Similarly, technology companies must offer to promote AI's widespread adoption and use. I believe AI can cut the time for this upskilling process in half and foresee a world where nearly anyone can be an app builder and creator or where a junior technician can do senior-level repairs. Decisions should still be made by humans Whether it's conversational search, agent assistants, image creation, or other forms of intelligent automation, AI becomes a supportive foundation that translates into time — time to evaluate, investigate, strategize — and solves problems. AI will give us access to a nearly limitless set of highly accurate, data-driven predictions. Nonetheless, decisions shouldn't be automated. They should remain the sole province of humans, who have a better understanding of tradeoffs, nuances, and strategies. Here are some examples of how humans can work alongside AI: By being able to focus on decisions and outcomes, we unlock new creativity that we can channel to solving bigger and harder problems. With this new era of generative AI discovery, there has never been a better time to transform businesses and work as we know it. Read the original article onProvince unveils new compensation model for primary care
Clear & Brilliant: I had my face zapped with lasers and my sun damage is goneWelcome to Fox News’ Politics newsletter with the latest political news from Washington D.C. and updates from the 2024 campaign trail. What's happening... -Biden breaks Obama record for filling Federal Registers... -Elon Musk and Ron Paul agree on cutting foreign aid... -Laura Trump resigns from RNC as rumors of a Senate run swirl... ‘MOVE ON’ Republican Iowa Sen. Chuck Grassley doubled down that he believes Christopher Wray has failed his "fundamental duties" as FBI director in a blistering letter expressing he has "no confidence" in Wray’s continued leadership over the agency. "For the good of the country, it’s time for you and your deputy to move on to the next chapter in your lives. I’ve spent my career fighting for transparency, and I’ve always called out those in government who have fought against it," Grassley wrote in a letter to Wray on Monday morning, referring also to the FBI’s deputy director Paul Abbate. "For the public record, I must do so once again now." Grassley went on to say he "must express my vote of no confidence in your continued leadership of the FBI. President-elect Trump has already announced his intention to nominate a candidate to replace you, and the Senate will carefully consider that choice. For my part, I’ve also seen enough, and hope your respective successors will learn from these failures," Grassley, who sits on the Senate Judiciary Committee, continued ...Read more White House 'GOVT KNOWS BEST': Biden breaks Obama record for filling Federal Register with most regulations ...Read more 'LEADING BY EXAMPLE': White House responds to intraparty criticism about Biden's final days ...Read more THWARTING THE ENEMY: Pentagon announces new counter-drone strategy as unmanned attacks on US interests skyrocket ...Read more CEDING THE FLOOR: Progressive Dems rage at Biden for giving Trump the spotlight during final weeks in office ...Read more 'HISTORIC OPPORTUNITY': Biden updates the nation following fall of Syrian Assad regime ...Read more Trump Transition 'SERIOUS AND GROWING THREAT': Pro-life groups sound off after Trump says he will not restrict abortion pills: 'Serious and growing threat' ...Read more PRESSURE CAMPAIGN: Elon Musk joins Trump allies in House GOP pressure campaign over social media bill ...Read more 'ASSAULT ON THE RULE OF LAW': Cheney responds to Trump suggesting jail time for J6 committee members ...Read more 'INTEGRITY CANNOT BE FOLDED': Hundreds of vets back Tulsi Gabbard for DNI ...Read more Capitol Hill ROAD TO FBI: John Cornyn 'inclined' to back Trump FBI pick Kash Patel after Senate meeting ...Read more 'BIASED,' 'WRONG': Top Dem objects to defense bill banning funds for transgender medical care for minors ...Read more BIG APPLE SHOWDOWN: House Dem's torrent of attacks against own party fuels primary showdown buzz ...Read more 'NOT WRONG': Elon Musk agrees with Ron Paul's call to 'ELIMINATE foreign aid' ...Read more Trail Dust SENATOR TRUMP?: Lara Trump announces she is stepping down as RNC co-chair amidst talk she may be up for Florida Senate seat ...Read more EARLY START: Dem senators-elect start weeks in advance by filling vacancies in CA, NJ ...Read more Across America 'SANITY IS RETURNING': 'Pansexual and Panromantic Pride Day' leaves folks looking forward to Trump ...Read more BAD FOR BUSINESS: Execs scramble for security after UnitedHealthcare CEO murder: experts ...Read more 'DIPLOMATIC': Trump's tariff threats are tools in Trump's 'war chest' to advance U.S. interests ...Read more END OF AN ERA: Hunter Biden: A look at how the saga spanning over six years unfolded ...Read more WINNING SCENT: Trump releases new fragrances in ad featuring first lady : 'They represent us WINNING' ...Read more HISTORIC OFFENSIVE: Who is Abu Mohammed al-Golani, the terror leader at the center of Assad’s fall? ...Read more WHY TRUMP WON: Donald Trump says this is the reason he won last month's presidential election ...Read more RESISTING THE LAW: Blue state attorney general advises state officials on how to resist ‘draconian’ Trump deportations ...Read more 'DERAILING' MIGRANT CRIME: Report offers roadmap to defeat Tren de Aragua in US cities ...Read more This article was written by Fox News staff.NEW YORK , Dec. 9, 2024 /PRNewswire/ -- Girl Scouts of the USA has received a $30 million grant from Lilly Endowment Inc. to help more girls across the country build confidence, understand their worth, and strengthen character traits that will help them thrive. Expanding character development programs and increasing the number of girls who have access to them is being made possible through Character Development Through Youth Programs, a Lilly Endowment initiative designed to help youth-serving organizations create, test, implement and sustain strategies that support character development in the young people they serve in chapters and affiliates throughout the nation. Girl Scouts of the USA (GSUSA) is one of eight organizations being funded through the initiative. Through its 111 Girl Scout councils and USA Girl Scouts Overseas, Girl Scouts offers a fun and safe environment where girls gain the skills necessary to navigate life with purpose and joy, explore their interests, discover their strengths, and grow in character. GSUSA's grant-funded efforts include improving access to Girl Scouts, removing barriers to participation, and supporting the cultural competency needed to serve all girls equitably. Through a variety of experiences and leadership development programming, Girl Scouts of all backgrounds and abilities can be unapologetically themselves and strengthen their own personal character development. "We are grateful for Lilly Endowment's generosity and the commitment to helping Girl Scouts amplify our character-building programs to further our reach and impact across the country," said Bonnie Barczykowski , CEO of Girl Scouts of the USA. "This support will help us accelerate and deliver on our mission to build girls of courage, confidence and character who make the world a better place." "From the earliest days of its grantmaking, the Endowment has supported projects to encourage character development, especially among young people," said Ted Maple , the Endowment's vice president for education and youth programs. "We are heartened by the thoughtful and strategic approaches these youth-serving organizations are taking to support children and youth in developing character traits that will be important for them in their future roles as individuals, family members and citizens." About Lilly Endowment Inc. Lilly Endowment Inc. is an Indianapolis -based, private foundation created in 1937 by J.K. Lilly and his sons, Eli and J.K. Jr., through gifts of stock in their pharmaceutical business, Eli Lilly and Company. Although gifts of stock remain the financial bedrock of the Endowment, the Endowment is a separate entity from the company, with a distinct governing board, staff and location. The Endowment supports the causes of community development, education and religion. About Girl Scouts of the USA Girl Scouts bring their dreams to life and work together to build a better world. Through programs from coast to coast, Girl Scouts of all backgrounds and abilities can be unapologetically themselves as they discover their strengths and rise to meet new challenges—whether they want to climb to the top of a tree or the top of their class, lace up their boots for a hike or advocate for climate justice, or make their first best friends. Backed by adult volunteers, mentors, and millions of alums, Girl Scouts lead the way as they find their voices and make changes that affect the issues most important to them. Join us , volunteer , reconnect , or donate. View original content to download multimedia: https://www.prnewswire.com/news-releases/girl-scouts-receives-30m-grant-from-lilly-endowment-inc-to-support-character-development-initiatives-that-will-help-girls-thrive-302326625.html SOURCE GIRL SCOUTS OF THE U.S.A.
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KOZHIKODE: Chief Minister Pinarayi Vijayan reiterated his criticism against Indian Union Muslim League (IUML) State president Syed Sadikali Shihab Thangal. Justifying his statement, Pinarayi said his criticism against Thangal was political and had no other shades. The Chief Minister was speaking after inaugurating the Kozhikode South CPM Area Committee office. Pinarayi Vijayan: “Congress party abetted in the demolition of Babri Masjid. At that time the League was with the Congress in the Kerala Cabinet. Despite Congress aiding the demolition, League didn’t utter a word and showed no resistance. They were afraid of losing power in the Kerala cabinet. And now, they have transformed into such a pity stage of doing any unscrupulous act to hang on to power. The league is now providing shelter to SDPI and Jamaat-e-Islami Hind. UDF propagated the by-polls to be the verdict of the government's performance. So then let us discuss Chelakkara. LDF won big while UDF’s Ramya even failed to amass the vote she got during the LS polls. The by-polls did nothing to hurt LDF. BJP meanwhile got battered by the Palakkad result. Their vote share plummeted by a large. The by-poll results serve as an encouragement for LDF as we worked well and even increased the vote percentage in all constituencies.”AP Trending SummaryBrief at 5:32 p.m. EST
Chiefs edge Panthers, Lions rip Colts as Dallas stuns Washingtonis seemingly knocking on the door of a Test debut as coach Andrew McDonald has raised concerns over . Australia is reeling after one of the nation's worst ever home defeats to India in the first Test in Perth. Calls for Marnus Labuschagne to be dropped are growing with the No.3 averaging just 13.66 across his last five Tests. And to make matters worse for the Aussies, Marsh has pulled up sore after Perth. The allrounder has not been a regular bowler for Australia since his return to the starting XI in the Ashes. However, due to the absence of Cameron Green, Marsh was called upon to bowl 17 overs in the first Test. And Cummins admitted the workload had taken a toll on the allrounder. On Tuesday evening, Aussie coach Andrew McDonald also claimed Marsh would be monitored leading into the second and third Test. “We knew that Mitch was slightly underdone coming in but I thought the performance in the first innings was satisfactory,” McDonald said when leaving Perth. However, calls are growing for Tasmanian allrounder Webster to come straight into the team. Webster was one of the few standouts in the Australia A game against India having scored 33 and 61 not out in the first win. He then backed it up with figures of 3-49 in the second hit-out having also scored 46 not out in the second innings. And in the Sheffield Shield clash this week, Webster has starred for Tasmania against New South Wales. Webster finished the first innings with 61 runs off 81 balls. He then took 3-81 having dismissed three of the top four in the order. Webster will start the day's play on Wednesday 33 not out as Tasmania look to build on their lead of 252 runs. The 30-year-old is doing everything to make sure he is knocking down the door for a baggy green if Marsh can't back-up. The Tasmanian was the leading run-scorer in the Sheffield Shield last summer and is averaging more than 60 in the current campaign. A number of Aussies are under pressure in the starting XI with , and all underperforming across the last 12 months. also fell short in his debut as an opener having fallen cheaply in both innings. Another 50 for beau Webster in the shield, last 3 first class matches 46 and 61* both times in a chase against india A. how long will this man be ignored???? Or does he need to change his last name to marsh. — Coach lukas (@lukeR15sky) Not Matt Short on 59* after a half century in the first innings. Not Marcus Harris getting yet another 50. Not Beau Webster getting 60 and averaging that this summer. Not Jimmy Peirson getting 61 and averaging 47 this summer.... But no, there is no one who can come in at all 1/2 — Jimmy Fazz (@west_ham_fazz) Beau webster should be picked if Marsh is injured and if not it shows the shield system is not working — Postman Pats Mail (@mail_pats) Bring in Beau Webster or Michael Neser! Neser with the Pink Ball under lights 😍😍😍 — BlaikeCamo (@AndersonBlaike) While it appears very unlikely there will be changes in the starting XI for the Adelaide Test, the player under the most pressure in the Aussie squad is Labuschagne. The No.3 batter is averaging just 30.28 in Test cricket since February last year. In his last 10 innings, Labushcagne has scored 10, 1 not out, 3, 5, 1, 2, 90, 6, 2 and 3 for an average of just 13.66. However, coach Andrew McDonald has appeared to back the Queenslander to find his form in Adelaide. “We look at the way he plays, and when he’s at his best,” McDonald said. “And when we’ve seen him at his best he’s shown great intent at the crease. “That’s an ongoing discussion and that ebbs and flows in players’ careers, so at the moment he’s in one of those patches and no doubt he’ll be getting critiqued externally. But internally we’re really confident that, at his best, he’s the player that we need.”
How to Watch Top 25 Women’s College Basketball Games – Wednesday, November 27Report: Lakers eyeing trade for former JJ Redick teammate
Pla2na SMCI stock: latest developments set up a swing trade My last piece on Super Micro Computer, Inc. ( NASDAQ: SMCI ) was published on November 3, 2024, shortly before the release of its 2024 FY Q4 earning report (“ER”). As you can tell, our core style is to provide actionable and unambiguous ideas from our independent research. If you share this investment style, check out Envision Early Retirement. It provides at least 1x in-depth articles per week on such ideas. We have helped our members not only to beat S&P 500 but also avoid heavy drawdowns despite the extreme volatilities in BOTH the equity AND bond market. Join for a 100% Risk-Free trial and see if our proven method can help you too. Envision Research, aka Lucas Ma, has over 15+ years of investment experience and holds a Masters with in Quantitative Investment and a PhD in Mechanical Engineering with a focus on renewable energy, both from Stanford University. He also has 30+ years of hands-on experience in high-tech R&D and consulting, housing sector, credit sector, and actual portfolio management. He leads the investing group Envision Early Retirement along with Sensor Unlimited where they offer proven solutions to generate both high income and high growth with isolated risks through dynamic asset allocation. Features include: two model portfolios - one for short-term survival/withdrawal and one for aggressive long-term growth, direct access via chat to discuss ideas, monthly updates on all holdings, tax discussions, and ticker critiques by request. Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.Coppin State wins 68-60 over NavyNone
By JOSH BOAK WASHINGTON (AP) — President Joe Biden said Tuesday he was “stupid” not to put his own name on pandemic relief checks in 2021, noting that Donald Trump had done so in 2020 and likely got credit for helping people out through this simple, effective act of branding. Biden did the second-guessing as he delivered a speech at the Brookings Institution defending his economic record and challenging Trump to preserve Democratic policy ideas when he returns to the White House next month. Related Articles National Politics | Trump names Andrew Ferguson as head of Federal Trade Commission to replace Lina Khan National Politics | Donald Trump is returning to the world stage. So is his trolling National Politics | Biden issues veto threat on bill expanding federal judiciary as partisan split emerges National Politics | Trump lawyers and aide hit with 10 additional felony charges in Wisconsin over 2020 fake electors National Politics | After withdrawing as attorney general nominee, Matt Gaetz lands a talk show on OANN television As Biden focused on his legacy with his term ending, he suggested Trump should keep the Democrats’ momentum going and ignore the policies of his allies. The president laid out favorable recent economic data but acknowledged his rare public regret that he had not been more self-promotional in advertising the financial support provided by his administration as the country emerged from the pandemic. “I signed the American Rescue Plan, the most significant economic recovery package in our history, and also learned something from Donald Trump,” Biden said at the Washington-based think tank. “He signed checks for people for 7,400 bucks ... and I didn’t. Stupid.” The decision by the former reality TV star and real estate developer to add his name to the checks sent by the U.S. Treasury to millions of Americans struggling during the coronavirus marked the first time a president’s name appeared on any IRS payments. Biden and Vice President Kamala Harris , who replaced him as the Democratic nominee , largely failed to convince the American public of the strength of the economy. The addition of 16 million jobs, funding for infrastructure, new factories and investments in renewable energy were not enough to overcome public exhaustion over inflation, which spiked in 2022 and left many households coping with elevated grocery, gasoline and housing costs. More than 6 in 10 voters in November’s election described the economy as “poor” or “not so good,” according to AP VoteCast, an extensive survey of the electorate. Trump won nearly 7 in 10 of the voters who felt the economy was in bad shape, paving the way for a second term as president after his 2020 loss to Biden. Biden used his speech to argue that Trump was inheriting a strong economy that is the envy of the world. The inflation rate fell without a recession that many economists had viewed as inevitable, while the unemployment rate is a healthy 4.2% and applications to start new businesses are at record levels. Biden called the numbers under his watch “a new set of benchmarks to measure against the next four years.” “President-elect Trump is receiving the strongest economy in modern history,” said Biden, who warned that Trump’s planned tax cuts could lead to massive deficits or deep spending cuts. He also said that Trump’s promise of broad tariffs on foreign imports would be a mistake, part of a broader push Tuesday by the administration to warn against Trump’s threatened action. Treasury Secretary Janet Yellen also issued a word of caution about them at a summit of The Wall Street Journal’s CEO Council. “I think the imposition of broad based tariffs, at least of the type that have been discussed, almost all economists agree this would raise prices on American consumers,” she said. Biden was also critical of Trump allies who have pushed Project 2025 , a policy blueprint from the Heritage Foundation that calls for a complete overhaul of the federal government. Trump has disavowed participation in it, though parts were written by his allies and overlap with his stated views on economics, immigration, education policy and civil rights. “I pray to God the president-elect throws away Project 2025,” Biden said. “I think it would be an economic disaster.” Associated Press writer Fatima Hussein in Washington contributed to this report.
Amazon is doubling its investment in Anthropic to $8 billion in a deepened collaboration on artificial intelligence, the companies said Friday. The e-commerce and technology behemoth will remain a minority investor in Anthropic, having pumped an initial $4 billion into the artificial intelligence developer late last year and becoming its primary cloud computing provider. "The response from AWS customers who are developing generative AI applications powered by Anthropic in Amazon Bedrock has been remarkable," said Matt Garman, chief of AWS cloud computing division. "We'll keep pushing the boundaries of what customers can achieve with generative AI technologies." Amazon is investing the additional $4 billion in Anthropic as part of an expanded alliance that includes working together on "Trainium" hardware to optimize machine learning, according to the companies. "We're looking forward to working with Amazon to train and power our most advanced AI models using AWS Trainium, and helping to unlock the full potential of their technology," said Anthropic chief executive Dario Amodei. The announcement came just days after Britain's competition regulator cleared Google-parent Alphabet's investment in Anthropic, following a probe. The Competition and Markets Authority concluded that the big tech giant had not acquired "material influence" over Anthropic as a result of the deal, which was reported to have cost $2 billion. The British regulator is one of several global regulators concerned with reining in big tech companies and their partnerships with AI firms. In September, the CMA cleared Amazon's initial investment in Anthropic, saying it did not believe that "a relevant merger situation has been created." gc/mlm
Swiss National Bank Sells 500 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)
Google users have a question: who pays for tariffs? The phrase exploded in Google searches in late October and saw a massive spike again on Monday night. Those searches are no doubt driven by Trump's insistence on levying tariffs on foreign-made goods . It appears a lot of people voted for Trump, but only thought after the fact to understand what those tariffs might mean for their wallets. It appears the same thing happened again this week after the president-elect announced new tarrifs. Trump vowed that he would enact a 25 percent tariff on products from Canada and Mexico , and a 10-percent tariff on Chinese made goods — acts that would likely raise the prices of everything from basic consumer goods to high-end electronics to lumber for homes and commercial buildings. President Claudia Sheinbaum has warned that if Trump tariffs Mexico, the nation will issue its own tariffs against the United States. In Canada, President Justin Trudeau said he planned to hold an emergency meeting to discuss Trump's tariffs. But back at home, regular folks are just trying to figure out who is going to be paying for the increased costs. Trump has insisted that he will force the nations he’s taxing to pay for the tariffs, but that is not how tariffs typically work. His past attempts at using tariffs to bolster American production and job growth yielded no positive results and some negative blowback from retaliatory taxing. Most economists feel that tariffs are ultimately self-defeating. During his last administration, Trump issued tariffs on steel and aluminum coming from the European Union in an effort to bolster U.S. materials production and bring back manufacturing jobs. The European Union responded by issuing tariffs against U.S. products such as bourbon and Harley-Davidson motorcycles, according to PBS . China did similar — it tariffed American-made products including soybeans and pork. A study conducted by economists at the Massachusetts Institute of Technology, the University of Zurich, Harvard, and the World Bank found that Trump's first attempt to use tariffs "neither raised nor lowered U.S. employment." The researchers found that China's retaliatory taxes actually had a "negative employment impact" that especially hit farmers, who Trump courted during his 2016 presidential campaign. According to a 2021 analysis from the Tax Foundation , Trump's 2018 tariffs actually raised prices for American consumers, and there is no reason to expect that it won't happen again if Trump follows through on his plan to tariff foreign-made products. Economists Pablo Fajgelbaum, Pinelopi Goldberg, Patrick Kennedy, and Amit Khandelwal analyzed Trump's 2018 tariffs on products like solar panels, washing machines, steel, aluminum, and EU/Chinese goods and found that U.S. firms and consumers bore the brunt of those costs. They estimated that the U.S. economy suffered a net loss of $16 billion annually, including more than $114 billion in losses to firms and consumers. Those losses were only slightly offset by minor gains for protected producers and a small revenue bump for the U.S. government. Ultimately, the answer to "who pays for tariffs" is U.S. consumers and businesses. U.S. businesses have to pay the U.S. government for their foreign purchases. They then pass along that cost to consumers by way of higher prices, meaning they do not stimulate job growth and shrink Americans’ purchasing power by kicking up prices.