Biden on Tuesday ducked questions about his son, ignoring calls for him to explain his reversal as he was making his first presidential trip to Angola . He dismissed shouted questions about the matter with a laugh during a meeting with Angolan President João Lourenço at the presidential palace, telling the Angolan delegation: “Welcome to America.” Biden was not scheduled to take questions from the press during his trip to Africa, and he has largely avoided interactions with reporters since President-elect Trump’s victory last month. Biden’s decision to offer his son a blanket pardon for actions over the past 11 years has sparked a political uproar in Washington, after the president repeatedly had said he would not use his extraordinary powers for the benefit of his family. Biden claimed that the Justice Department had presided over a “miscarriage of justice” in prosecuting his son, using some of the same language that Trump uses to describe his own legal predicaments. Biden's reversal drew criticism from many Democrats , who are working to calibrate their approach to Trump as he prepares to take over the Oval Office in seven weeks. There is concern the pardon — and Biden's claims that his son was prosecuted for political reasons — will erode their ability to push back on the incoming president’s legal moves. And it has threatened to cloud Biden's legacy as he prepares to leave office on Jan. 20. Hunter Biden is the closest presidential relative ever to be granted clemency, but other leaders have pardoned family members and close friends. Bill Clinton pardoned his brother Roger for drug charges after Roger Clinton had served his sentence. By the time Trump left office after his first term, he had issued 144 pardons, which included Charles Kushner , the father of his son-in law, Jared Kushner. He also pardoned fervent supporters Steve Bannon, Roger Stone, Paul Manafort, Michael Flynn and other people convicted in special counsel Robert Mueller’s Russia investigation. In the months after the 2020 election, Trump and his allies were trying to overturn his loss, a failed effort that culminated in the violent riot by his supporters at the Capitol on Jan. 6, 2021. There were discussions at the time over whether Trump would preemptively pardon some of those involved in the effort — and maybe even himself — before he left office. But that never happened. Now, Democrats are having similar discussions about preemptive pardons on their side because of Trump's rhetoric on the campaign trail. He's made no secret of his desire to seek revenge on those who prosecuted him or crossed him. He talks about "enemies from within." He's circulated social media posts that call for the jailing of Biden, Vice President Kamala Harris, former Vice President Mike Pence and Sens. Mitch McConnell and Chuck Schumer. He's also taken aim at Liz Cheney, a conservative Republican who campaigned for Harris, promoting a social media post that suggested he wanted military tribunals to punish her because she was guilty of treason. Sen. Ed Markey, a Massachusetts Democrat, said last week on Boston Public Radio that Biden might consider broad pardons to protect people against whatever wrath Trump may seek, but also as a way to move the country past this acrimonious and divided time. “I think that without question, Trump is going to try to act in a dictatorial way, in a fascistic way, in a revengeful first year at least of his administration toward individuals who he believes harmed him,” Markey said. Presidents enjoy expansive pardon powers when it comes to federal crimes . That includes granting clemency to people who have not yet been charged, as President Gerald Ford did in 1974 when he pardoned his predecessor, Richard Nixon, over the Watergate scandal. The decision at the time caused an uproar but has been seen in the ensuing decades as a move that helped restore order. Markey cited Ford's pardon as a way for the country “just to close that chapter and move on to a new era.” Biden could do the same, Markey said, to help the country move on “to an agenda that deals with the ordinary families.” Sen. Joe Manchin, the Democrat-turned-independent from West Virginia, took it a step further and suggested Biden should even pardon Trump for his efforts to overturn the 2020 election, federal charges that are now evaporating with Trump's upcoming return to the White House. “Why don't you go ahead and pardon Donald Trump for all his charges?" he said in an interview with CNN. “It would have gone down a lot more balanced. I'm just saying, wipe them out.” At the same time, Democratic lawmakers and criminal justice reformers are pushing Biden to grant pardons to broad groups of Americans. Democrats Ayanna Pressley, Jim Clyburn and Mary Gay Scanlon wrote to Biden on Nov. 20, asking him to use his clemency powers to "address longstanding injustices in our legal system, and set our nation on the path toward ending mass incarceration.” The letter, also signed by 61 others, suggested Biden could use his powers to send a powerful message of criminal justice reform and "rectify unjust and unnecessary criminal laws passed by Congress and draconian sentences given by judges.” “We encourage you to use your clemency powers to help broad classes of people and cases, including the elderly and chronically ill, those on death row, people with unjustified sentencing disparities, and women who were punished for defending themselves against their abusers,” they wrote. So far, Biden has pardoned 25 people. Most presidents tend to grant a flurry of clemency requests at the end of their terms, and it's likely Biden will do the same. White House press secretary Karine Jean-Pierre has said Biden is “thinking through that process very thoroughly.”
Egypt: Italian Man Killed in Red Sea Shark AttackThe Stock Exchange of Thailand (SET) should remain volatile during the first half of 2025, weighed down by renewed US-China trade tensions and a slowing global economy, particularly the two economic superpowers, says Bualuang Securities (BLS). Chaiyaporn Nompitakcharoen, managing director of the research department, said BLS projects a SET index average of 1,485 points in 2025. If there are positive factors, such as interest rate cuts or increased foreign capital inflows, the index could climb to 1,585 points. The Thai economy faces additional pressure from weakened exports, notably declining demand from China and the US, said the brokerage. However, the second half of the year may see an economic recovery driven by government stimulus measures and a rebound in tourism, he said. The research team recommends investors adjust their portfolios, prioritising stocks with strong fundamentals and consistent dividend payouts, such as the retail, healthcare and tourism sectors. Diversification into bonds and international markets is encouraged to mitigate the effects of market volatility, noted the brokerage. Mr Chaiyaporn said the Thai stock market's recovery in the second half of the year would also hinge on interest rate reductions by the US Federal Reserve and the Bank of Thailand, as well as domestic economic stimulus measures. "Initiatives like the launch of an entertainment complex project to attract foreign tourists would provide a broader boost to the economy," he added. Meanwhile, headwinds for the Thai stock market include the nation's ageing population, less domestic spending and declining profitability of listed companies, while household and government debts are at the ceiling. Thai businesses are failing to adequately capitalise on new technologies to drive the economy and stock market. As much as 36% of the SET is weighted by highly cyclical stocks, such as companies in personal loans, hire-purchase, commodities, refineries, oil, petrochemicals, construction, construction materials, real estate development, agriculture and shipping. "We recommend investors diversify their portfolio to assets in the global market as they have higher growth potential and less volatility," he said. Investors seeking steady returns in a volatile market should consider financial tools such as structured notes, which offer potential returns of 6-10% annually. The brokerage recommends investing in equities for around 65-70% of the total portfolio, mainly those in the US, Vietnam and India, while Thai stocks should account for 10-15%, as overseas markets now offer better chances of a good return. BLS emphasises the importance of being prepared for volatility and closely monitoring market conditions in early 2025, a period fraught with uncertainties, said Mr Chaiyaporn.
Several Illinois school districts will be receiving millions in federal grant dollars to purchase electric school buses to replace gas-powered ones, Board of Education officials said. The Illinois State Board of Education (ISBE) announced on December 19 that it had been awarded a $19.9 million grant from a U.S. Environmental Protection Agency (EPA) initiative “made possible by President Joe Biden’s Inflation Reduction Act.” The initiative, called the Clean Heavy-Duty Vehicles Grant (CHDV) program, is doling out more than $400 million to communities across the country in areas that have been designated as being in “non-attainment” with the National Ambient Air Quality Standards (NAAQS). The nearly $20 million will be distributed to nine Illinois school districts in order to replace 70 traditional school buses with “zero-emission” electric buses, as well as to install electric vehicle charging stations for each new bus and to conduct workforce training to “support these new technologies,” the ISBE said. WATCH — LIVE: How Biden’s Green Energy, Electric Vehicle Push Is Hurting Americans: “With this funding, we’re building on our progress toward a more sustainable future by providing nine school districts with the resources to advance our clean energy goals,” Gov. JB Pritzker (D-IL) said in the press release. “Through the Clean Heavy-Duty Vehicles Duty Grant program, these districts will receive electric school buses, charging infrastructure, and workforce training — reducing harmful emissions and improving air quality. Thanks to our federal and local partners, we’re creating healthier and cleaner environments for students and communities across the state.” WATCH — Don’t Trust Electric Vehicles! E-Bike Shop Engulfed in Flames After Battery Explodes: “Clean transportation solutions not only create healthier living and learning environments for our students but also save money for our school districts and taxpayers,” said State Superintendent of Education Dr. Tony Sanders. “I am proud of our staff here at the Illinois State Board of Education for winning this competitive grant and securing this valuable investment in Illinois’ clean energy future.” Forest Park School District 91 will get five new buses, Franklin Park School District 84 will get three, Hazel Crest School District 152.5 will get one, Joliet Township High School District 204 will get ten, Lincolnshire-Prairie View District 103 will get four, Marengo Union Elementary CSD 165 will get two, Township High School District 113 will get three, Troy Community Consolidated School District 30-C will get a whopping 32 buses, and Zion-Benton Township High School District 126 will also get 10. The grant money will also fund two full-time ISBE employees who will be working to “support grant implementation” and “other green energy initiatives,” the board stated.Jimmy Carter, the 39th U.S. president who led the nation from 1977 to 1981, has died at the age of 100. The Carter Center announced Sunday that Carter died peacefully at his home in Plains, Georgia, surrounded by family. His death comes about a year after his wife of 77 years, Rosalynn, passed away. The Carter Center will provide updates about ceremonies and activities to honor the life of President Carter as they become available here and soon on the official Carter Family Tribute Site ( https://t.co/Tg5UZt7kPV ). Read our statement: https://t.co/CNBUBpffPz — The Carter Center (@CarterCenter) December 29, 2024 Despite receiving hospice care at the time, he attended the memorials for Rosalynn while sitting in a wheelchair, covered by a blanket. He was also wheeled outside on Oct. 1 to watch a military flyover in celebration of his 100th birthday. The Carter Center said in February 2023 that the former president and his family decided he would no longer seek medical treatment following several short hospital stays for an undisclosed illness. Carter became the longest-living president in 2019, surpassing George H.W. Bush, who died at age 94 in 2018. Carter also had a long post-presidency, living 43 years following his White House departure. RELATED STORY: Jimmy and Rosalynn Carter: A love story for the ages Before becoming president Carter began his adult life in the military, getting a degree at the U.S. Naval Academy, and rose to the rank of lieutenant. He then studied reactor technology and nuclear physics at Union College and served as senior officer of the pre-commissioning crew on a nuclear submarine. Following the death of his father, Carter returned to Georgia to tend to his family's farm and related businesses. During this time, he became a community leader by serving on local boards. He used this experience to elevate him to his first elected office in 1962 in the Georgia Senate. After losing his first gubernatorial election in 1966, he won his second bid in 1970, becoming the state’s 76th governor. As a relative unknown nationally, Carter used the nation’s sour sentiment toward politics to win the Democratic nomination. He then bested sitting president Gerald Ford in November 1976 to win the presidency. Carter battles high inflation, energy crisis With the public eager for a change following the Watergate era, Carter took a more hands-on approach to governing. This, however, meant he became the public face of a number of issues facing the U.S. in the late 1970s, most notably America’s energy crisis. He signed the Department of Energy Organization Act, creating the first new cabinet role in government in over a decade. Carter advocated for alternative energy sources and even installed solar panels on the White House roof. During this time, the public rebuked attempts to ration energy. Amid rising energy costs, inflation soared nearly 9% annually during Carter's presidency. This led to a recession before the 1980 election. Carter also encountered the Iran Hostage Crisis in the final year of his presidency when 52 American citizens were captured. An attempt to rescue the Americans failed in April 1980, resulting in the death of eight service members. With compounding crises, Carter lost in a landslide to Ronald Reagan in 1980 as he could only win six states. Carter’s impact after leaving the White House Carter returned to Georgia and opened the Carter Center, which is focused on national and international issues of public policy – namely conflict resolution. Carter and the Center have been involved in a number of international disputes, including in Syria, Israel, Mali and Sudan. The group has also worked to independently monitor elections and prevent elections from becoming violent. Carter and his wife were the most visible advocates for Habitat for Humanity. The organization that helps build and restore homes for low- and middle-income families has benefited from the Carters’ passion for the organization. Habitat for Humanity estimates Carter has worked alongside 104,000 volunteers in 14 countries to build 4,390 houses. “Like other Habitat volunteers, I have learned that our greatest blessings come when we are able to improve the lives of others, and this is especially true when those others are desperately poor or in need,” Carter said in a Q&A on the Habitat for Humanity website. Carter also continued teaching Sunday school at Maranatha Baptist Church in his hometown well into his 90s. Attendees would line up for hours, coming from all parts of the U.S., to attend Carter’s classes. Carter is survived by his four children.
Jimmy Carter, the 39th U.S. president who led the nation from 1977 to 1981, has died at the age of 100. The Carter Center announced Sunday that his father died at his home in Plains, Georgia, surrounded by family. His death comes about a year after his wife of 77 years, Rosalynn, passed away. Despite receiving hospice care at the time, he attended the memorials for Rosalynn while sitting in a wheelchair, covered by a blanket. He was also wheeled outside on Oct. 1 to watch a military flyover in celebration of his 100th birthday. The Carter Center said in February 2023 that the former president and his family decided he would no longer seek medical treatment following several short hospital stays for an undisclosed illness. Carter became the longest-living president in 2019, surpassing George H.W. Bush, who died at age 94 in 2018. Carter also had a long post-presidency, living 43 years following his White House departure. RELATED STORY: Jimmy and Rosalynn Carter: A love story for the ages Before becoming president Carter began his adult life in the military, getting a degree at the U.S. Naval Academy, and rose to the rank of lieutenant. He then studied reactor technology and nuclear physics at Union College and served as senior officer of the pre-commissioning crew on a nuclear submarine. Following the death of his father, Carter returned to Georgia to tend to his family's farm and related businesses. During this time, he became a community leader by serving on local boards. He used this experience to elevate him to his first elected office in 1962 in the Georgia Senate. After losing his first gubernatorial election in 1966, he won his second bid in 1970, becoming the state’s 76th governor. As a relative unknown nationally, Carter used the nation’s sour sentiment toward politics to win the Democratic nomination. He then bested sitting president Gerald Ford in November 1976 to win the presidency. Carter battles high inflation, energy crisis With the public eager for a change following the Watergate era, Carter took a more hands-on approach to governing. This, however, meant he became the public face of a number of issues facing the U.S. in the late 1970s, most notably America’s energy crisis. He signed the Department of Energy Organization Act, creating the first new cabinet role in government in over a decade. Carter advocated for alternative energy sources and even installed solar panels on the White House roof. During this time, the public rebuked attempts to ration energy. Amid rising energy costs, inflation soared nearly 9% annually during Carter's presidency. This led to a recession before the 1980 election. Carter also encountered the Iran Hostage Crisis in the final year of his presidency when 52 American citizens were captured. An attempt to rescue the Americans failed in April 1980, resulting in the death of eight service members. With compounding crises, Carter lost in a landslide to Ronald Reagan in 1980 as he could only win six states. Carter’s impact after leaving the White House Carter returned to Georgia and opened the Carter Center, which is focused on national and international issues of public policy – namely conflict resolution. Carter and the Center have been involved in a number of international disputes, including in Syria, Israel, Mali and Sudan. The group has also worked to independently monitor elections and prevent elections from becoming violent. Carter and his wife were the most visible advocates for Habitat for Humanity. The organization that helps build and restore homes for low- and middle-income families has benefited from the Carters’ passion for the organization. Habitat for Humanity estimates Carter has worked alongside 104,000 volunteers in 14 countries to build 4,390 houses. “Like other Habitat volunteers, I have learned that our greatest blessings come when we are able to improve the lives of others, and this is especially true when those others are desperately poor or in need,” Carter said in a Q&A on the Habitat for Humanity website. Carter also continued teaching Sunday school at Maranatha Baptist Church in his hometown well into his 90s. Attendees would line up for hours, coming from all parts of the U.S., to attend Carter’s classes. Carter is survived by his four children.
Stocks closed higher on Wall Street, giving the market its fifth gain in a row and notching another record high for the Dow Jones Industrial Average. The S&P 500 rose 0.3% Friday. The Dow added 1%, and the Nasdaq composite tacked on 0.2%. Retailers had some of the biggest gains. Gap soared after reporting quarterly results that easily beat analysts’ estimates. EchoStar fell after DirecTV called off its purchase of that company’s Dish Network unit. European markets closed mostly higher and Asian markets ended mixed. Treasury yields held relatively steady in the bond market. Crude oil prices gained ground. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. Stocks rose on Wall Street in afternoon trading Friday, keeping the market on track for its fifth straight gain. The S&P 500 was up 0.2% and was solidly on track for a weekly gain that will erase most of last week's loss. The Dow Jones Industrial Average climbed 333 points, or 0.8%, and the Nasdaq composite was essentially flat with a gain of less than 0.1% as of 3:07 p.m. Eastern. Markets have been volatile over the last few weeks, losing ground in the runup to elections in November, then surging following Donald Trump's victory, before falling again. The S&P 500 has been steadily rising throughout this week to within close range of its record. “Overall, market behavior has normalized following an intense few weeks,” said Mark Hackett, chief of investment research at Nationwide, in a statement. Several retailers jumped after giving Wall Street encouraging financial updates. Gap soared 10.8% after handily beating analysts' third-quarter earnings and revenue expectations, while raising its own revenue forecast for the year. Discount retailer Ross Stores rose 1.5% after raising its earnings forecast for the year. EchoStar fell 2.4% after DirecTV called off its purchase of that company's Dish Network unit. Smaller company stocks had some of the biggest gains. The Russell 2000 index rose 1.8%. A majority of stocks in the S&P 500 were gaining ground, but those gains were kept in check by slumps for several big technology companies. Nvidia fell 3.3%. Its pricey valuation makes it among the heaviest influences on whether the broader market gains or loses ground. The company has grown into a nearly $3.6 trillion behemoth because of demand for its chips used in artificial-intelligence technology. Intuit, which makes TurboTax and other accounting software, fell 5.6%. It gave investors a quarterly earnings forecast that fell short of analysts’ expectations. Facebook owner Meta Platforms fell 0.8% following a decision by the Supreme Court to allow a multibillion-dollar class action investors’ lawsuit to proceed against the company. It stems from the privacy scandal involving the Cambridge Analytica political consulting firm. European markets closed mostly higher and Asian markets ended mixed. Crude oil prices rose. Treasury yields held relatively steady in the bond market. The yield on the 10-year Treasury fell to 4.41% from 4.42% late Thursday. In the crypto market, Bitcoin hovered around $99,000, according to CoinDesk. It has more than doubled this year and first surpassed the $99,000 level on Thursday. Retailers remained a big focus for investors this week amid close scrutiny on consumer spending habits headed into the holiday shopping season. Walmart, the nation's largest retailer, reported a quarter of strong sales and gave investors an encouraging financial forecast. Target, though, reported weaker earnings than analysts' expected and its forecast disappointed Wall Street. Consumer spending has fueled economic growth, despite a persistent squeeze from inflation and high borrowing costs. Inflation has been easing and the Federal Reserve has started trimming its benchmark interest rates. That is likely to help relieve pressure on consumers, but any major shift in spending could prompt the Fed to reassess its path ahead on interest rates. Also, any big reversals on the rate of inflation could curtail spending. Consumer sentiment remains strong, according to the University of Michigan's consumer sentiment index. It revised its latest figure for November to 71.8 from an initial reading of 73 earlier this month, though economists expected a slight increase. It's still up from 70.5 in October. The survey also showed that consumers' inflation expectations for the year ahead fell slightly to 2.6%, which is the lowest reading since December of 2020. Wall Street will get another update on how consumers feel when the business group The Conference Board releases its monthly consumer confidence survey on Tuesday. A key inflation update will come on Wednesday when the U.S. releases its October personal consumption expenditures index. The PCE is the Fed's preferred measure of inflation and this will be the last PCE reading prior to the central bank's meeting in December.VP Duterte faces 2nd impeach rap; Palace disowns movesWhen Jimmy Carter was elected in 1976, he did something no other Democrat has been able to accomplish since — win Texas. Part of his victory can be chalked up to where the state was politically at the time. “We should understand the 1976 election in Texas as part of a gradual transformation that occurred over several decades,” Mark Lawrence, the director of the LBJ Presidential Library, told The Texas Newsroom. It was President Dwight Eisenhower, a Republican, who won Texas in both presidential elections in the 1950s. But the next decade was a different story. In the 1960s it was three Democratic candidates — President John F. Kennedy, President Lyndon B. Johnson, and Hubert Humphrey — who won Texas’ popular vote. “But thereafter you see that the state really shifted pretty dramatically toward the Republicans,” Lawrence said. “The one exception was 1976 when Jimmy Carter won by a small margin.” Carter snagged Texas from Republican candidate Gerald Ford by just 4 points. Overall, Carter received 297 electoral votes to Ford’s 240. So, why was Carter the exception? Lawrence cited several elements that contributed to Carter’s victory here, including “Carter’s stature as a white Southerner.” “I think Texas voters, like voters across the South, were inclined to give him a close look, because he looked like them, sounded like them, came from the South — which was somewhat unusual in the history of the United States after the Civil War,” Lawrence said. From left, President Gerald Ford, Lady Bird Johnson and President Jimmy Carter at the LBJ Presidential Library on April 13, 2000. Natasha Altema McNeely, an associate professor of political science at University of Texas-Rio Grande Valley, said Carter was also able to win because he garnered the Black and Hispanic votes in states across the South. “His success in Texas is a more specific example of his success across the South,” McNeely said, adding that he also earned the vote of southern non-Hispanic voters and unions. But Carter’s presidency was as short-lived as his support from Texas voters. In his 1980 reelection bid, Carter lost to Republican Ronald Reagan by a landslide. Reagan beat Carter by 14 points in Texas. McNeely said the 1980 political environment created new difficulties for Carter. It was a controversial — and transitional — time in America. “With the candidacy of Ronald Reagan, you have Republicans really emphasizing religious beliefs ... smaller government, more effective government ... states rights,” McNeely said. In contrast, McNeely said Carter’s focus on human rights and social welfare “didn't quite appeal to many voters across the South, including Texas.” Another key moment McNeely said led to Carter’s defeat was the 1979 Iranian hostage crisis. That’s when, as the U.S. Department of State describes it, “Iranian students seized the embassy and detained more than 50 Americans, ranging from the Chargé d’Affaires to the most junior members of the staff, as hostages.” The Americans were held hostage for 444 days. Many sharply criticized Carter for how he handled the hostage negotiations, including his Republican opponent. While McNeely acknowledges Carter’s significant impact on American politics, she believes his greatest legacy — particularly in Texas — happened after he left the Oval Office. For 35 years, Carter partnered with Habitat for Humanity to build homes for people. In Texas, they built homes after Hurricanes Katrina and Rita. “He was here in Texas in 2014 in Dallas, helping to build houses and repair houses,” McNeely said. “So, I think that was one of the many lasting components of his legacy outside of his political career." Success! An email has been sent to with a link to confirm list signup. Error! There was an error processing your request.