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Jimmy Carter has been one of the classic examples of Democratic politics in the US history book for decades, but one feather is now going to be added to the cap of the former US President. Carter, who served as president from 1977 to 1981, by running as a Democrat, ruled with an iron fist during his tenure. He passed away at the age of 100, the Carter Centre , an organization founded by him, has confirmed. ET Year-end Special Reads What kept India's stock market investors on toes in 2024? India's car race: How far EVs went in 2024 Investing in 2025: Six wealth management trends to watch out for Reuters Former US President Jimmy Carter Has Jimmy Carter set a new record? With the death of Jimmy Carter, he sets the record for living longer than any president in American history. He had just celebrated his 100th birthday a couple of months before, and has been a pivotal example of ruling the country smoothly through a epic period of economic and diplomatic crisis. Even though he had to leave the White House with a dent on his legacy, based on his low approval ratings, he bounced back into the political forefront, when he ended up winning the Nobel Peace Prize for his humanitarian work. Carter to remain an idol of humanitarian work? The record of being the oldest President to have lived may not be broken in the coming years now, and his new record is going to stay safe, along with a refresher course for the new generation of Americans about the former President. He will always be remembered in history as one of the champions of human rights, claim reports. Artificial Intelligence(AI) Java Programming with ChatGPT: Learn using Generative AI By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Basics of Generative AI: Unveiling Tomorrows Innovations By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Generative AI for Dynamic Java Web Applications with ChatGPT By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Mastering C++ Fundamentals with Generative AI: A Hands-On By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Master in Python Language Quickly Using the ChatGPT Open AI By - Metla Sudha Sekhar, IT Specialist and Developer View Program Marketing Performance Marketing for eCommerce Brands By - Zafer Mukeri, Founder- Inara Marketers View Program Office Productivity Zero to Hero in Microsoft Excel: Complete Excel guide 2024 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance A2Z Of Money By - elearnmarkets, Financial Education by StockEdge View Program Marketing Modern Marketing Masterclass by Seth Godin By - Seth Godin, Former dot com Business Executive and Best Selling Author View Program Astrology Vastu Shastra Course By - Sachenkumar Rai, Vastu Shashtri View Program Strategy Succession Planning Masterclass By - Nigel Penny, Global Strategy Advisor: NSP Strategy Facilitation Ltd. View Program Data Science SQL for Data Science along with Data Analytics and Data Visualization By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) AI and Analytics based Business Strategy By - Tanusree De, Managing Director- Accenture Technology Lead, Trustworthy AI Center of Excellence: ATCI View Program Web Development A Comprehensive ASP.NET Core MVC 6 Project Guide for 2024 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Marketing Digital Marketing Masterclass by Pam Moore By - Pam Moore, Digital Transformation and Social Media Expert View Program Artificial Intelligence(AI) AI-Powered Python Mastery with Tabnine: Boost Your Coding Skills By - Metla Sudha Sekhar, IT Specialist and Developer View Program Office Productivity Mastering Microsoft Office: Word, Excel, PowerPoint, and 365 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Marketing Digital marketing - Wordpress Website Development By - Shraddha Somani, Digital Marketing Trainer, Consultant, Strategiest and Subject Matter expert View Program Office Productivity Mastering Google Sheets: Unleash the Power of Excel and Advance Analysis By - Metla Sudha Sekhar, IT Specialist and Developer View Program Web Development Mastering Full Stack Development: From Frontend to Backend Excellence By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance Financial Literacy i.e Lets Crack the Billionaire Code By - CA Rahul Gupta, CA with 10+ years of experience and Accounting Educator View Program Data Science SQL Server Bootcamp 2024: Transform from Beginner to Pro By - Metla Sudha Sekhar, IT Specialist and Developer View Program FAQs: Is Jimmy Carter dead ? Yes, Jimmy Carter has passed away at the age of 100, the Carter Centre has confirmed. (You can now subscribe to our Economic Times WhatsApp channel )
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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 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 , gold and other investments also drove higher. Here’s a look at some of the numbers that defined the year. All are as of Dec. 20. Remember when President Bill Clinton got impeached or when baseball’s Mark McGwire hit his 70th home run against the Montreal Expos? That was the last time the U.S. stock market closed out a second straight year with a leap of at least 20%, something the S&P 500 is on track to do again this year. The index has climbed 24.3% so far this year, not including dividends, following last year’s spurt of 24.2%. The number of all-time highs the S&P 500 has set so far this year. The first came early, on Jan. 19, when the index capped a two-year comeback from the swoon caused by high inflation and worries that high interest rates instituted by the Federal Reserve to combat it would create a recession. But the index was methodical through the rest of the year, setting a record in every month outside of April and August, according to S&P Dow Jones Indices. The latest came on Dec. 6. The number of times the Federal Reserve has cut its main interest rate this year from a two-decade high, offering some relief to the economy. Expectations for those cuts, along with hopes for more in 2025, were a big reason the U.S. stock market has been so successful this year. The 1 percentage point of cuts, though, is still short of the 1.5 percentage points that many traders were forecasting for 2024 at the start of the year. The Fed disappointed investors in December when it said it may cut rates just two more times in 2025, fewer than it had earlier expected. That’s how many points the Dow Jones Industrial Average rose by the day after Election Day, as investors made bets on what Donald Trump’s return to the White House will mean for the economy and the world . The more widely followed S&P 500 soared 2.5% for its best day in nearly two years. Aside from bitcoin, stocks of banks and smaller winners were also perceived to be big winners. The bump has since diminished amid worries that Trump’s policies could also send inflation higher. The level that bitcoin topped to set a record above $108,000 this past month. It’s been climbing as interest rates come down, and it got a particularly big boost following Trump’s election. He’s turned around and become a fan of crypto, and he’s named a former regulator who’s seen as friendly to digital currencies as the next chair of the Securities and Exchange Commission, replacing someone who critics said was overly aggressive in his oversight. Bitcoin was below $17,000 just two years ago following the collapse of crypto exchange FTX. Gold’s rise for the year, as it also hit records and had as strong a run as U.S. stocks. Wars around the world have helped drive demand for investments seen as safe, such as gold. It’s also benefited from the Fed’s cut to interest rates. When bonds are paying less in interest, they pull away fewer potential buyers from gold, which pays investors nothing. It’s a favorite number of Elon Musk, and it’s also a threshold that Tesla’s stock price passed in December as it set a record. The number has a long history among marijuana devotees, and Musk famously said in 2018 that he had secured funding to take Tesla private at $420 per share . Tesla soared this year, up from less than $250 at the start, in part because of expectations that Musk’s close relationship with Trump could benefit the company. That’s how much revenue Nvidia made in the nine months through Oct. 27, showing how the artificial-intelligence frenzy is creating mountains of cash. Nvidia’s chips are driving much of the move into AI, and its revenue through the last nine months catapulted from less than $39 billion the year before. Such growth has boosted Nvidia’s worth to more than $3 trillion in total. GameStop’s gain on May 13 after Keith Gill, better known as “Roaring Kitty,” appeared online for the first time in three years to support the video game retailer’s stock, which he helped rocket to unimaginable heights during the “ meme stock craze ” in 2021. Several other meme stocks also jumped following his post in May on the social platform X, including AMC Entertainment. Gill later disclosed a sizeable stake in the online pet products retailer Chewy, but he sold all of his holdings by late October . That’s how much the U.S. economy grew, at annualized seasonally adjusted rates, in each of the three first quarters of this year. Such growth blew past what many pessimists were expecting when inflation was topping 9% in the summer of 2022. The fear was that the medicine prescribed by the Fed to beat high inflation — high interest rates — would create a recession. Households at the lower end of the income spectrum in particular are feeling pain now, as they contend with still-high prices. But the overall economy has remained remarkably resilient. This is the vacancy rate for U.S. office buildings — an all-time high — through the first three quarters of 2024, according to data from Moody’s. The fact the rate held steady for most of the year was something of a win for office building owners, given that it had marched up steadily from 16.8% in the fourth quarter of 2019. Demand for office space weakened as the pandemic led to the popularization of remote work. That’s the total number of previously occupied homes sold nationally through the first 11 months of 2024. Sales would have to surge 20% year-over-year in December for 2024’s home sales to match the 4.09 million existing homes sold in 2023, a nearly 30-year low. The U.S. housing market has been in a sales slump dating back to 2022, when mortgage rates began to climb from pandemic-era lows. A shortage of homes for sale and elevated mortgage rates have discouraged many would-be homebuyers.
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BARCELONA, Spain (AP) — Tens of thousands of Spaniards marched in downtown Barcelona on Saturday to protest the skyrocketing cost of renting an apartment in the popular tourist destination. Protesters cut off traffic on main avenues in the city center, holding up homemade signs in Spanish reading “Fewer apartments for investing and more homes for living" and “The people without homes uphold their rights.” The lack of affordable housing has become one of the leading concerns for the southern European Union country, mirroring the housing crunch across many parts of the world, including the United States . Organizers said that over 170,000 had turned out, while Barcelona’s police said they estimated some 22,000 marched. Either way, the throngs of people clogging the streets recalled the massive separatist rallies at the height of the previous decade’s Catalan independence movement. Now, social concerns led by housing have displaced political crusades. That is because the average rent for Spain has doubled in last 10 years. The price per square meter has risen from 7.2 euros ($7.5) in 2014 to 13 euros this year, according to the popular online real estate website Idealista. The growth is even more acute in cities like Barcelona and Madrid. Incomes meanwhile have failed to keep up, especially for younger people in a country with chronically high unemployment. Protester Samuel Saintot said he is “frustrated and scared” after being told by the owners of the apartment he has rented for the past 15 years in Barcelona’s city center that he must vacate the premises. He suspects that the owners want him out so they can renovate it and boost the price. “Even looking in a 20- or 30-kilometer radius outside town, I can’t even find anything within the price range I can afford,” he told The Associated Press. “And I consider myself a very fortunate person, because I earn a decent salary. And even in my case, I may be forced to leave town.” A report by the Bank of Spain indicates that nearly 40% of Spaniards who rent dedicate an average of 40% of their income to paying rents and utilities, compared to the European Union average of 27% of renters who do so. “We are talking about a housing emergency. It means people having many difficulties both in accessing and staying in their homes,” said Ignasi Martí, professor for Esade business school and head of its Dignified Housing Observatory. The rise in rents is causing significant pain in Spain, where traditionally people seek to own their homes. Rental prices have also been driven up by short-term renters including tourists. Many migrants to Spain are also disproportionately hit by the high rents because they often do not have enough savings. Spain is near the bottom end of OECD countries with under 2% of all housing available being public housing for rent. The OECD average is 7%. Spain is far behind France, with 14%, Britain with 16%, and the Netherlands with 34%. “I think it’s impossible to make prices fall to what they were a few years back. It makes me cry,” said protester Laia Pizjuán. “It's so upsetting. I know so many people who are in a bad situation. I have relatives living together in crowded apartments because they can’t afford to live on their own.” Carme Arcarazo, spokesperson for Barcelona’s Tenants Union which helped organize the protest, said that renters should consider a “rent strike” and cease paying their monthly rents in a mass protest movement. “I think we the tenants have understood that this depends on us. That we can’t keep asking and making demands to the authorities and waiting for an answer. We must take the reins of the situation,” Arcarazo told the AP. “So, if they (the owners) won’t lower the rent, then we will force them to do it." The Barcelona protest came a month after tens of thousands rallied against high rents in Madrid. The rising discontent over housing is putting pressure on Spain’s governing Socialist party, which leads a coalition on the national level and is in charge of Catalonia’s regional government and Barcelona’s city hall. Spanish Prime Minister Pedro Sánchez presided over what the government termed a “housing summit” including government officials and real estate developers last month. But the Barcelona’s Tenants Union boycotted the event, saying it was like calling a summit for curing cancer and inviting tobacco companies to participate. The leading government measure has been a rent cap mechanism that the central government has offered to regional authorities based on a price index established by the housing ministry. Rent controls can be applied to areas deemed to be “highly stressed” by high rental prices. Catalonia was the first region to apply those caps, which are in place in downtown Barcelona. Many locals blame the million of tourists who visit Barcelona, and the rest of Spain, each year for the high prices. Barcelona’s town hall has pledged to completely eliminate the city’s 10,000 so called “tourist apartments,” or dwellings with permits for short-term rents, by 2028.
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