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Braden Smith set career highs with 34 points and six 3-pointers as No. 21 Purdue pulled away from Toledo 83-64 in a nonconference matchup on Sunday night in West Lafayette, Ind. Smith went 12 of 22 from the floor and added 12 assists and three steals for the Boilermakers (9-4). Trey Kaufman-Renn added 23 points on 11-of-14 shooting, and Fletcher Loyer chipped in 17 points. Sam Lewis collected 13 points and 11 rebounds, and Sonny Wilson also scored 13 points to lead Toledo (6-6). Seth Hubbard supplied 11 points. The Rockets trailed by 11 at halftime and by 13 after two free throws by Smith with 18:24 to go in the game. Four Toledo players then contributed points to an 8-0 run to pull within 43-38 with 16:44 to play. The lead hovered between five and 10 points until Smith's layup began a 17-2 spree that effectively sealed the win. Toledo, which finished at 40.6 percent from the floor, missed nine straight shots as Purdue took off. Smith entered the game averaging 12.9 points per game. The Boilermakers shot 49.2 percent from the floor and 10 of 28 on 3-point attempts. The Rockets made just 2 of 14 from deep. Toledo led 12-10 on Hubbard's jumper with 13:43 left in the first half, but the Rockets went cold. They missed 11 of their next 12 shots, and the Boilermakers heated up. Smith scored nine points in an 18-2 burst, which Loyer capped with a three-point play with 5:39 left in the half. Purdue made 7 of 9 shots from the floor during the run. The Boilermakers led 39-28 at the break after shooting 50 percent from the floor. Smith had 17 points and Loyer had 12, with each player making three 3-pointers. Wilson had seven first-half points for the Rockets, who fell to 36.4 percent shooting for the half after making 5 of 9 to begin the game. --Field Level Media
AP Trending SummaryBrief at 4:49 p.m. EST
Human Investing LLC increased its stake in shares of Amazon.com, Inc. ( NASDAQ:AMZN – Free Report ) by 28.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,977 shares of the e-commerce giant’s stock after purchasing an additional 885 shares during the period. Human Investing LLC’s holdings in Amazon.com were worth $741,000 as of its most recent SEC filing. A number of other institutional investors have also made changes to their positions in AMZN. PayPay Securities Corp grew its stake in Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after acquiring an additional 64 shares during the period. Hoese & Co LLP acquired a new position in Amazon.com in the third quarter valued at about $37,000. Bull Oak Capital LLC acquired a new position in Amazon.com in the third quarter valued at about $45,000. Christopher J. Hasenberg Inc grew its stake in Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after acquiring an additional 260 shares during the period. Finally, Values First Advisors Inc. acquired a new position in Amazon.com in the third quarter valued at about $56,000. 72.20% of the stock is owned by institutional investors and hedge funds. Insider Buying and Selling at Amazon.com In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This trade represents a 3.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website . Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the sale, the insider now directly owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. This represents a 0.33 % decrease in their position. The disclosure for this sale can be found here . In the last quarter, insiders have sold 6,030,183 shares of company stock valued at $1,252,883,795. 10.80% of the stock is currently owned by corporate insiders. Analysts Set New Price Targets View Our Latest Analysis on Amazon.com Amazon.com Trading Up 2.9 % Shares of NASDAQ:AMZN opened at $227.03 on Friday. The company has a market capitalization of $2.39 trillion, a P/E ratio of 48.61, a P/E/G ratio of 1.46 and a beta of 1.16. Amazon.com, Inc. has a 1 year low of $143.64 and a 1 year high of $227.15. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The business’s 50 day simple moving average is $197.39 and its 200 day simple moving average is $188.12. Amazon.com ( NASDAQ:AMZN – Get Free Report ) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.85 earnings per share. On average, research analysts anticipate that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year. Amazon.com Profile ( Free Report ) Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content. Read More Five stocks we like better than Amazon.com Why Are Stock Sectors Important to Successful Investing? Fast-Growing Companies That Are Still Undervalued How to Invest in the Best Canadian Stocks Top Cybersecurity Stock Picks for 2025 What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story Archer or Joby: Which Aviation Company Might Rise Fastest? Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter .
In the newest episode of the reality series, the featherweight champion told the camp about his life training to become a boxer after Coleen Rooney shared that she was inspired by her father to get her sons into the sport. “My dad had us, me and my two brothers sparring each other when we were younger. He used to get us in the living room, we’ve got it all on video. I was Big Betty, my brother’s called Jo and he was Little Josie, and we used to have a ring walk,” she said. Barry then revealed that he had a plastic nose as a result of boxing: “When I had it broken it was flat, so they just took the bone out and replaced it with plastic.” McFly’s Danny Jones then asked Barry the best way to train for body shots which led to the boxer giving him a one on one demo when he asked him to tense his stomach and lightly punched Danny – who immediately yelled out in pain and clutched his stomach. When Danny returned the favour, Barry commanded him to hit harder as Danny landed five punches chest on the former world champ. The singer later told the Bush Telegraph he was pleased with his training: “Today my life was made, because Barry McGuigan let me hit him in the stomach. I hit him really hard and it was solid, it was like hitting a brick wall.” Elsewhere in camp, after his eight stars win alongside Danny in the latest Bushtucker Trial, Maura, Richard and new recruit Dean headed back to the Jungle Junkyard. Maura and Richard kept up their acting – feigning they would have to endure another night of sleeping on the floor until the former Love Island star let the Newtownabbey DJ into the secret, revealing the Junkyard is actually a secret luxury camp. “The only half decent thing we have over here, this red button, press that, it’s actually quite interesting. It’s not great but it’s something,” said Maura. As Dean pressed the button, he too was let in on the Jungle Junkyard secret. Rendered speechless, he whispered: “You’ve got to be kidding me!” Dean was clearly impressed with Maura and Richard’s acting skills, as he told Maura: “The BAFTA is coming!” Back in main camp they all reflected, as they said: “Poor Dean.” In the Jungle Junkyard, Maura kicked back and relaxed in a warm bubble bath to clean herself from the day’s Trial, complete with bath salts to provide a full spa experience to ensure she was smelling as fresh as a daisy. However, when it was dinner time in both camps and after the Jungle Junkyard received a full spread of fish, sides and dessert - unbeknownst to the main camp. The main camp received a note which read: "However, as the celebrities in main camp believe you won zero stars in today’s Trial, they have been given the chance to sacrifice some of their dinner so that you can eat tonight. If they decide to sacrifice their food then you win three more portions at the junk food buffet.” Luckily, the main camp found it in the goodness of their hearts to give up some of their dinner, with Coleen and Danny volunteering to deliver the goods to the Jungle Junkyard first-hand to check in on Maura, Richard and Dean. But when Coleen and Danny returned back to main camp, they updated their fellow campmates on the Jungle Junkyard conditions – suspicions were beginning to be raised.Investing in remains an attractive strategy given a volatile macro environment and shifting economic landscapes. In addition to a stable stream of recurring income, quality dividend stocks allow you to benefit from long-term capital gains. While the broader equity indices are trading near all-time highs, investors can still find fundamentally strong undervalued dividend stocks that can deliver outsized returns in 2025 and beyond. Canadian investors looking to deploy $1,000 right now can consider gaining exposure to energy infrastructure giant ( ) and clean energy powerhouse ( ). The two companies offer attractive dividend yields and possess certain competitive advantages, making them enticing investments. Let’s dive deeper. Valued at a of $131 billion, Enbridge is among the largest companies in Canada. It pays shareholders an annual dividend of $3.77 per share, translating to a forward yield of 6.3%. Notably, its dividends have risen by 10% annually over the last 29 years. Despite an uncertain macro environment, Enbridge demonstrated strong financial performance and strategic execution in the third quarter (Q3). In fact, it remains on track to end 2024 at the top end of its adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) and distributable per share (DCF) guidance. The company had initially estimated EBITDA between $17.7 billion and $18.3 billion, with DCF per share of $5.40 and $5.80 per share in 2024. Given its midpoint DCF per share estimates, Enbridge has a payout ratio of 67%, which provides it with enough room to target accretive acquisitions and lower balance sheet debt. In the first nine months of 2024, Enbridge added $7 billion to its secured growth program and completed the acquisition of three natural gas utilities from . It expects to grow EBITDA at a compounded annual growth rate of at least 7% through 2026 due to a robust capital-allocation framework. Additionally, it has an annual investment capacity of $8 billion, $6 billion of which was allocated towards low-capital intensity expansions, modernization, and utilities rate base investments. Analysts expect ENB to expand adjusted earnings from $2.78 per share in 2024 to $3.2 per share in 2026. So, priced at 18.8 times , ENB stock is reasonably priced and should be part of your dividend portfolio in 2025. Brookfield Renewable Partners delivered a strong performance in Q3, achieving record funds from operations (FFO). Moreover, the company confirmed it is on track to meet its FFO per unit growth target of +10% for 2024. Brookfield attributed its Q3 results to asset development, acquisitions, and strong pricing across its portfolio. Its diverse business model across global power markets and its focus on mature low-cost technologies have allowed Brookfield Renewable to perform admirably in recent years. The company pays shareholders an annual dividend of US$1.42 per share, up from US$0.87 per share in 2011. Analysts forecast its adjusted FFO per share to expand from US$1.53 in 2023 to US$2 in 2026, indicating its dividend payout should continue to grow. Priced at less than 12 times forward FFO, BEP stock is relatively cheap, given its tasty dividend yield of over 6%. Analysts tracking the remain bullish and expect it to gain over 25% in the next 12 months.
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Tantalizers Plc has announced the signing of a Memorandum of Understanding (MoU) to acquire all assets of DanBethel Marine Services Limited, an Apapa-based marine and fishing enterprise. This follows Tantalizers’ recent announcement of a N1 billion private equity injection by Messrs Food Specialties and Banklink Africa Private Equities, which jointly acquired a majority stake in the company. In light of the recent N1 billion capital injection, Tantalizers announced on December 28, 2024, through an NGX disclosure, its decision to acquire all assets of DanBethel Marine Services Limited. Related Stories Briscoe, Tantalizers, Oando unfazed as ASI declines by 1.16% in the third week of August Ministry of Housing, consortium sign MOU to deliver 100,000 affordable housing units According to the announcement on the NGX platform, this planned acquisition aligns with Tantalizers’ strategy to expand into the blue economy, with a particular focus on the seafood industry. The statement highlights the company’s intention to engage in industrial fish trawling, aquaculture, mariculture, seafood supplies, and related marine operations. Commenting on the MoU signing, Tope Fagbamila, MD/CEO of DanBethel, expressed enthusiasm, stating, “ Our team admires the courage and capacity of the new Tantalizer’s leadership and are excited to be part of pivoting the company to a new height.” Adam Nuru, Chairman of Tantalizers Plc, echoed this sentiment, adding, “ DanBethel’s acquisition is an excellent strategic fit for us as we further invest over the next five years in the company’s fleet to capture significant opportunities in the largely unexplored Nigerian fishing and aquaculture industry.” Apapa-Lagos-based DanBethel Marine Services is known for its fleet of fishing trawlers and related marine assets. Over time, it has built a notable presence in Nigeria’s domestic seafood supply market. As demand for healthier protein sources and more sustainable food systems continues to rise, the MoU agreement provides Tantalizers with an opportunity to explore new business segments in the marine industry. DanBethel’s decades of experience in fish trawling and processing may help Tantalizers Plc tap into broader opportunities in seafood production, supply chain integration, and value-added aquaculture processes. Tantalizers has recorded a year-to-date (YTD) growth of 266% in the Nigerian stock market for 2024. The share price opened at N0.47 and moved upward through mid-year, with a more pronounced rise starting in August. From January to October, the trend remained positive, then picked up pace in November likely following the announcement of a N1 billion private equity injection—resulting in a share price increase from N0.64 to over N1.70 by year-end. According to the company, the capital injection aims to address longstanding financial issues and help reposition Tantalizers for the future. The capital was provided by Messrs Food Specialties and Organics Limited, along with Banklink Africa Private Equities Limited, both of which acquired a majority stake in the company.ATLANTA (AP) — Jimmy Carter, the peanut farmer who won the presidency in the wake of the Watergate scandal and Vietnam War, endured humbling defeat after one tumultuous term and then redefined life after the White House as a global humanitarian, has died. He was 100 years old. The longest-lived American president died on Sunday, more than a year after entering hospice care , at his home in the small town of Plains, Georgia, where he and his wife, Rosalynn, who died at 96 in November 2023 , spent most of their lives, The Carter Center said. “Our founder, former U.S. President Jimmy Carter, passed away this afternoon in Plains, Georgia,” the center said in posting about his death on the social media platform X. It added in a statement that he died peacefully, surrounded by his family. As reaction poured in from around the world, President Joe Biden mourned Carter’s death, saying the world lost an “extraordinary leader, statesman and humanitarian” and he lost a dear friend. Biden cited Carter’s compassion and moral clarity, his work to eradicate disease, forge peace, advance civil and human rights, promote free and fair elections, house the homeless and advocacy for the disadvantaged as an example for others. “To all of the young people in this nation and for anyone in search of what it means to live a life of purpose and meaning – the good life – study Jimmy Carter, a man of principle, faith, and humility,” Biden said in a statement. “He showed that we are a great nation because we are a good people – decent and honorable, courageous and compassionate, humble and strong.” Biden said he is ordering a state funeral for Carter in Washington. Businessman, Navy officer, evangelist, politician, negotiator, author, woodworker, citizen of the world — Carter forged a path that still challenges political assumptions and stands out among the 45 men who reached the nation’s highest office. The 39th president leveraged his ambition with a keen intellect, deep religious faith and prodigious work ethic, conducting diplomatic missions into his 80s and building houses for the poor well into his 90s. “My faith demands — this is not optional — my faith demands that I do whatever I can, wherever I am, whenever I can, for as long as I can, with whatever I have to try to make a difference,” Carter once said. A president from Plains A moderate Democrat, Carter entered the 1976 presidential race as a little-known Georgia governor with a broad smile, outspoken Baptist mores and technocratic plans reflecting his education as an engineer. His no-frills campaign depended on public financing, and his promise not to deceive the American people resonated after Richard Nixon’s disgrace and U.S. defeat in southeast Asia. “If I ever lie to you, if I ever make a misleading statement, don’t vote for me. I would not deserve to be your president,” Carter repeated before narrowly beating Republican incumbent Gerald Ford, who had lost popularity pardoning Nixon. Carter governed amid Cold War pressures, turbulent oil markets and social upheaval over racism, women’s rights and America’s global role. His most acclaimed achievement in office was a Mideast peace deal that he brokered by keeping Egyptian President Anwar Sadat and Israeli Prime Minister Menachem Begin at the bargaining table for 13 days in 1978. That Camp David experience inspired the post-presidential center where Carter would establish so much of his legacy. Yet Carter’s electoral coalition splintered under double-digit inflation, gasoline lines and the 444-day hostage crisis in Iran. His bleakest hour came when eight Americans died in a failed hostage rescue in April 1980, helping to ensure his landslide defeat to Republican Ronald Reagan. Carter acknowledged in his 2020 “White House Diary” that he could be “micromanaging” and “excessively autocratic,” complicating dealings with Congress and the federal bureaucracy. He also turned a cold shoulder to Washington’s news media and lobbyists, not fully appreciating their influence on his political fortunes. “It didn’t take us long to realize that the underestimation existed, but by that time we were not able to repair the mistake,” Carter told historians in 1982, suggesting that he had “an inherent incompatibility” with Washington insiders. Carter insisted his overall approach was sound and that he achieved his primary objectives — to “protect our nation’s security and interests peacefully” and “enhance human rights here and abroad” — even if he fell spectacularly short of a second term. And then, the world Ignominious defeat, though, allowed for renewal. The Carters founded The Carter Center in 1982 as a first-of-its-kind base of operations, asserting themselves as international peacemakers and champions of democracy, public health and human rights. “I was not interested in just building a museum or storing my White House records and memorabilia,” Carter wrote in a memoir published after his 90th birthday. “I wanted a place where we could work.” That work included easing nuclear tensions in North and South Korea, helping to avert a U.S. invasion of Haiti and negotiating cease-fires in Bosnia and Sudan. By 2022, The Carter Center had declared at least 113 elections in Latin America, Asia and Africa to be free or fraudulent. Recently, the center began monitoring U.S. elections as well. Carter’s stubborn self-assuredness and even self-righteousness proved effective once he was unencumbered by the Washington order, sometimes to the point of frustrating his successors . He went “where others are not treading,” he said, to places like Ethiopia, Liberia and North Korea, where he secured the release of an American who had wandered across the border in 2010. “I can say what I like. I can meet whom I want. I can take on projects that please me and reject the ones that don’t,” Carter said. He announced an arms-reduction-for-aid deal with North Korea without clearing the details with Bill Clinton’s White House. He openly criticized President George W. Bush for the 2003 invasion of Iraq. He also criticized America’s approach to Israel with his 2006 book “Palestine: Peace Not Apartheid.” And he repeatedly countered U.S. administrations by insisting North Korea should be included in international affairs, a position that most aligned Carter with Republican President Donald Trump. Among the center’s many public health initiatives, Carter vowed to eradicate the guinea worm parasite during his lifetime, and nearly achieved it: Cases dropped from millions in the 1980s to nearly a handful. With hardhats and hammers, the Carters also built homes with Habitat for Humanity. The Nobel committee’s 2002 Peace Prize cites his “untiring effort to find peaceful solutions to international conflicts, to advance democracy and human rights, and to promote economic and social development.” Carter should have won it alongside Sadat and Begin in 1978, the chairman added. Carter accepted the recognition saying there was more work to be done. “The world is now, in many ways, a more dangerous place,” he said. “The greater ease of travel and communication has not been matched by equal understanding and mutual respect.” ‘An epic American life’ Carter’s globetrotting took him to remote villages where he met little “Jimmy Carters,” so named by admiring parents. But he spent most of his days in the same one-story Plains house — expanded and guarded by Secret Service agents — where they lived before he became governor. He regularly taught Sunday School lessons at Maranatha Baptist Church until his mobility declined and the coronavirus pandemic raged. Those sessions drew visitors from around the world to the small sanctuary where Carter will receive his final send-off after a state funeral at Washington’s National Cathedral. The common assessment that he was a better ex-president than president rankled Carter and his allies. His prolific post-presidency gave him a brand above politics, particularly for Americans too young to witness him in office. But Carter also lived long enough to see biographers and historians reassess his White House years more generously. His record includes the deregulation of key industries, reduction of U.S. dependence on foreign oil, cautious management of the national debt and notable legislation on the environment, education and mental health. He focused on human rights in foreign policy, pressuring dictators to release thousands of political prisoners . He acknowledged America’s historical imperialism, pardoned Vietnam War draft evaders and relinquished control of the Panama Canal. He normalized relations with China. “I am not nominating Jimmy Carter for a place on Mount Rushmore,” Stuart Eizenstat, Carter’s domestic policy director, wrote in a 2018 book. “He was not a great president” but also not the “hapless and weak” caricature voters rejected in 1980, Eizenstat said. Rather, Carter was “good and productive” and “delivered results, many of which were realized only after he left office.” Madeleine Albright, a national security staffer for Carter and Clinton’s secretary of state, wrote in Eizenstat’s forward that Carter was “consequential and successful” and expressed hope that “perceptions will continue to evolve” about his presidency. “Our country was lucky to have him as our leader,” said Albright, who died in 2022. Jonathan Alter, who penned a comprehensive Carter biography published in 2020, said in an interview that Carter should be remembered for “an epic American life” spanning from a humble start in a home with no electricity or indoor plumbing through decades on the world stage across two centuries. “He will likely go down as one of the most misunderstood and underestimated figures in American history,” Alter told The Associated Press. A small-town start James Earl Carter Jr. was born Oct. 1, 1924, in Plains and spent his early years in nearby Archery. His family was a minority in the mostly Black community, decades before the civil rights movement played out at the dawn of Carter’s political career. Carter, who campaigned as a moderate on race relations but governed more progressively, talked often of the influence of his Black caregivers and playmates but also noted his advantages: His land-owning father sat atop Archery’s tenant-farming system and owned a main street grocery. His mother, Lillian , would become a staple of his political campaigns. Seeking to broaden his world beyond Plains and its population of fewer than 1,000 — then and now — Carter won an appointment to the U.S. Naval Academy, graduating in 1946. That same year he married Rosalynn Smith, another Plains native, a decision he considered more important than any he made as head of state. She shared his desire to see the world, sacrificing college to support his Navy career. Carter climbed in rank to lieutenant, but then his father was diagnosed with cancer, so the submarine officer set aside his ambitions of admiralty and moved the family back to Plains. His decision angered Rosalynn, even as she dived into the peanut business alongside her husband. Carter again failed to talk with his wife before his first run for office — he later called it “inconceivable” not to have consulted her on such major life decisions — but this time, she was on board. “My wife is much more political,” Carter told the AP in 2021. He won a state Senate seat in 1962 but wasn’t long for the General Assembly and its back-slapping, deal-cutting ways. He ran for governor in 1966 — losing to arch-segregationist Lester Maddox — and then immediately focused on the next campaign. Carter had spoken out against church segregation as a Baptist deacon and opposed racist “Dixiecrats” as a state senator. Yet as a local school board leader in the 1950s he had not pushed to end school segregation even after the Supreme Court's Brown v. Board of Education decision, despite his private support for integration. And in 1970, Carter ran for governor again as the more conservative Democrat against Carl Sanders, a wealthy businessman Carter mocked as “Cufflinks Carl.” Sanders never forgave him for anonymous, race-baiting flyers, which Carter disavowed. Ultimately, Carter won his races by attracting both Black voters and culturally conservative whites. Once in office, he was more direct. “I say to you quite frankly that the time for racial discrimination is over,” he declared in his 1971 inaugural address, setting a new standard for Southern governors that landed him on the cover of Time magazine. 'Jimmy Who?' His statehouse initiatives included environmental protection, boosting rural education and overhauling antiquated executive branch structures. He proclaimed Martin Luther King Jr. Day in the slain civil rights leader’s home state. And he decided, as he received presidential candidates in 1972, that they were no more talented than he was. In 1974, he ran Democrats’ national campaign arm. Then he declared his own candidacy for 1976. An Atlanta newspaper responded with the headline: “Jimmy Who?” The Carters and a “Peanut Brigade” of family members and Georgia supporters camped out in Iowa and New Hampshire, establishing both states as presidential proving grounds. His first Senate endorsement: a young first-termer from Delaware named Joe Biden. Yet it was Carter’s ability to navigate America’s complex racial and rural politics that cemented the nomination. He swept the Deep South that November, the last Democrat to do so, as many white Southerners shifted to Republicans in response to civil rights initiatives. A self-declared “born-again Christian,” Carter drew snickers by referring to Scripture in a Playboy magazine interview, saying he “had looked on many women with lust. I’ve committed adultery in my heart many times.” The remarks gave Ford a new foothold and television comedians pounced — including NBC’s new “Saturday Night Live” show. But voters weary of cynicism in politics found it endearing. Carter chose Minnesota Sen. Walter “Fritz” Mondale as his running mate on a “Grits and Fritz” ticket. In office, he elevated the vice presidency and the first lady’s office. Mondale’s governing partnership was a model for influential successors Al Gore, Dick Cheney and Biden. Rosalynn Carter was one of the most involved presidential spouses in history, welcomed into Cabinet meetings and huddles with lawmakers and top aides. The Carters presided with uncommon informality: He used his nickname “Jimmy” even when taking the oath of office, carried his own luggage and tried to silence the Marine Band’s “Hail to the Chief.” They bought their clothes off the rack. Carter wore a cardigan for a White House address, urging Americans to conserve energy by turning down their thermostats. Amy, the youngest of four children, attended District of Columbia public school. Washington’s social and media elite scorned their style. But the larger concern was that “he hated politics,” according to Eizenstat, leaving him nowhere to turn politically once economic turmoil and foreign policy challenges took their toll. Accomplishments, and ‘malaise’ Carter partially deregulated the airline, railroad and trucking industries and established the departments of Education and Energy, and the Federal Emergency Management Agency. He designated millions of acres of Alaska as national parks or wildlife refuges. He appointed a then-record number of women and nonwhite people to federal posts. He never had a Supreme Court nomination, but he elevated civil rights attorney Ruth Bader Ginsburg to the nation’s second highest court, positioning her for a promotion in 1993. He appointed Paul Volker, the Federal Reserve chairman whose policies would help the economy boom in the 1980s — after Carter left office. He built on Nixon’s opening with China, and though he tolerated autocrats in Asia, pushed Latin America from dictatorships to democracy. But he couldn’t immediately tame inflation or the related energy crisis. And then came Iran. After he admitted the exiled Shah of Iran to the U.S. for medical treatment, the American Embassy in Tehran was overrun in 1979 by followers of the Ayatollah Ruhollah Khomeini. Negotiations to free the hostages broke down repeatedly ahead of the failed rescue attempt. The same year, Carter signed SALT II, the new strategic arms treaty with Leonid Brezhnev of the Soviet Union, only to pull it back, impose trade sanctions and order a U.S. boycott of the Moscow Olympics after the Soviets invaded Afghanistan. Hoping to instill optimism, he delivered what the media dubbed his “malaise” speech, although he didn’t use that word. He declared the nation was suffering “a crisis of confidence.” By then, many Americans had lost confidence in the president, not themselves. Carter campaigned sparingly for reelection because of the hostage crisis, instead sending Rosalynn as Sen. Edward M. Kennedy challenged him for the Democratic nomination. Carter famously said he’d “kick his ass,” but was hobbled by Kennedy as Reagan rallied a broad coalition with “make America great again” appeals and asking voters whether they were “better off than you were four years ago.” Reagan further capitalized on Carter’s lecturing tone, eviscerating him in their lone fall debate with the quip: “There you go again.” Carter lost all but six states and Republicans rolled to a new Senate majority. Carter successfully negotiated the hostages’ freedom after the election, but in one final, bitter turn of events, Tehran waited until hours after Carter left office to let them walk free. 'A wonderful life' At 56, Carter returned to Georgia with “no idea what I would do with the rest of my life.” Four decades after launching The Carter Center, he still talked of unfinished business. “I thought when we got into politics we would have resolved everything,” Carter told the AP in 2021. “But it’s turned out to be much more long-lasting and insidious than I had thought it was. I think in general, the world itself is much more divided than in previous years.” Still, he affirmed what he said when he underwent treatment for a cancer diagnosis in his 10th decade of life. “I’m perfectly at ease with whatever comes,” he said in 2015 . “I’ve had a wonderful life. I’ve had thousands of friends, I’ve had an exciting, adventurous and gratifying existence.” Sanz is a former Associated Press reporter.Traveling this holiday season? 10 things the TSA wants you to know
Jimmy Carter, the 39th US president, has died at 100WASHINGTON — Just a few weeks ago, the path ahead for the Federal Reserve looked straightforward: With inflation cooling and the job market slowing, the Fed appeared on track to steadily cut interest rates. In September, its officials predicted that they would reduce their benchmark rate four times next year, on top of three rate cuts this year. Yet that outlook has swiftly changed. Several surprisingly strong economic reports, combined with President-elect Donald Trump’s policy proposals, have led to a decidedly more cautious tone from the Fed that could mean fewer cuts and higher interest rates than had been expected. Fewer rate cuts would likely mean continued high mortgage rates and other borrowing costs for consumers and businesses. Auto loans would remain expensive. Small businesses would still face high loan rates. In a speech last week in Dallas, Chair Jerome Powell made clear that the Fed isn’t necessarily inclined to cut rates each time it meets every six weeks. “The economy is not sending any signals that we need to be in a hurry to lower rates,” Powell said. “The strength we are currently seeing in the economy gives us the ability to approach our decisions carefully.” His comments were widely seen as signaling potentially fewer rate cuts in 2025, a view that sent stock prices falling after they had surged with Trump’s election. Trump has proposed higher tariffs on all imports as well as mass deportations of undocumented immigrants — steps that economists say would worsen inflation. The president-elect has also proposed a menu of tax cuts and deregulation, which might help spur economic growth but would also fan inflation if businesses couldn’t find enough workers to meet increased consumer demand. And recent economic data suggests that inflation pressures could prove more persistent and economic growth more resilient than was thought just a few months ago. At his most recent news conference, Powell suggested that the economy could even accelerate in 2025. Wall Street traders and some economists now envision just two, rather than four, rate cuts next year. And while the Fed will likely cut its key rate when it meets in mid-December, traders foresee a nearly even likelihood that the central bank could leave the rate unchanged. “I absolutely would anticipate that they’ll ease up on the pace of cuts,” said Jim Baird, chief investment officer at Plante Moran Financial Advisors. “The potential for growth to remain strong — that has to call into question whether they will feel either the need or ability to cut rates at the pace they had previously forecast.” Economists at Bank of America expect annual inflation to remain “stuck” above 2.5%, higher than the Fed’s 2% target level, in part given the likelihood that Trump’s economic proposals, if carried out, would fuel price pressures. The economists now foresee just three rate reductions in the coming months, in December, March and June. And they expect the Fed to stop easing credit once its benchmark rate, now at 4.6%, reaches 3.9%. Krishna Guha, an analyst at investment bank Evercore ISI, wrote last week that, “We think the looming Trump presidency is helping to drive a change in tone from the Fed — including Powell — towards a warier and more hedged posture on the pace and extent of further cuts.” Trump has vowed to impose a 60% tariff on all Chinese goods and a “universal’’ tariff of 10% or 20% on everything else that enters the United States. On Wednesday, a top executive at Walmart, the world’s largest retailer, warned that Trump’s tariff proposals could force the company to raise prices on imported goods. “Tariffs will be inflationary for customers,” John David Rainey, Walmart’s chief financial officer, told The Associated Press. Other consumer goods and retail companies, including Lowe’s, Stanley Black & Decker, and Columbia Sportswear, have issued similar warnings. In trying to gauge the right level for interest rates, the Fed’s policymakers face a significant obstacle: They don’t know how much further they can reduce rates before reaching a level that neither stimulates nor restrains the economy — what’s called the “neutral rate.” The officials don’t want to cut rates so low as overheat the economy and reignite inflation. Nor do they want to keep rates so high as to damage the job market and the economy and risk a recession. An unusually wide divergence has developed among the 19 officials on the Fed’s rate-setting committee as to where the neutral rate is. In September, the officials collectively projected that the neutral rate lies between 2.4% and 3.8%. Lorie Logan, president of the Federal Reserve Bank of Dallas, has noted that that range is twice as large as it was two years ago. In a recent speech, Logan suggested that the Fed’s benchmark rate might be only slightly above the neutral level now. If so, that would mean few additional rate cuts are needed. Other officials disagree. In a recent interview with The Associated Press, Austan Goolsbee, president of the Fed’s Chicago branch, said he thought the neutral rate is much lower than the Fed’s current rate. If so, many more rate cuts would likely be appropriate. “I still think we’re far from what anybody thinks is neutral,” Goolsbee said. “We still got a ways to come down.” Perhaps the biggest unknown is how Trump’s proposals on tariffs, deportations and tax cuts will shape the Fed’s rate decisions. Powell has stressed that the Fed won’t change its policymaking until it’s clear what changes the new administration will actually implement. As is customary for the Fed, though, Powell avoided commenting directly on presidential policies. But he did acknowledge that the Fed’s economists are assessing the potential effects of a Trump presidency. “We don’t actually really know what policies will be put in place,” Powell said. “We don’t know over what timeframe.” Another factor is that the economy is much different now than when Trump first took office in January 2017. With unemployment lower than it was then, economists say, additional stimulus through tax cuts might create more demand than the economy can handle, possibly fueling inflation. Tax cuts, “starting from an economy close to full employment, will lead to inflation and, by implication, higher Fed policy rates and a stronger dollar,” Olivier Blanchard, a former top economist at the International Monetary Fund and senior fellow at the Peterson Institute for International Economics, wrote in a recent commentary. In 2018, when Trump imposed a slew of tariffs on imports from China, as well as on steel, aluminum and washing machines, Fed economists produced an analysis of how they should respond. Their conclusion? As long as the tariffs were one-time increases and the public didn’t expect inflation to rise, the Fed wouldn’t have to respond by raising its key rate. Yet last week, Powell acknowledged that the economy was different now, with inflation a bigger threat. “Six years ago,” he said, “inflation was really low and inflation expectations were low. And now, we’ve come way back down, but we’re not back where we were. It’s a different situation.”