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NEW YORK, Dec 12 (Reuters Breakingviews) - David Zaslav may rejoin the media M&A fray. The Warner Bros Discovery (WBD.O) , opens new tab boss is reorganizing his assets into two key divisions, further isolating the media company’s dying TV networks. It comes after rival Comcast (CMCSA.O) , opens new tab announced a full split. Something bigger may be in the offing. WBD said on Thursday it would smash together , opens new tab results from streaming service HBO Max with the studio behind movies like “Barbie”. Corporate restructuring is typically a mundane affair. But WBD’s stock popped 15%. More curiously, three banks - JPMorgan, Evercore and Guggenheim Securities - are advising on a humdrum accounting change. Combined with the hints that Zaslav has been dropping, it adds up to a potential reordering of the media landscape. The Financial Times reported , opens new tab in July that he was weighing strategic options. He mulled bidding for Paramount Global (PARA.O) , opens new tab . In November, after Donald Trump won the U.S. presidential election, he noted that a deal-friendly administration offered opportunities for consolidation. The industry could use it. Traditional television is in a world of pain. EBITDA at WBD’s division is set to crater 37% in 2026 from where it was five years prior, according to Visible Alpha. Comcast boss Brian Roberts took his cue early, announcing in November that he would spin out most of his company’s cable channels. WBD hasn’t gone as far, but Thursday’s move seems like a prelude. After all, there’s tempting value to unlock. The cable division could be worth 5 times its forecast EBITDA of over $7 billion in 2025, below peer Fox’s (FOXA.O) , opens new tab multiple to account for its lack of marquee sports. Put the streaming service’s predicted $1 billion of profit on 20 times, a discount to Netflix (NFLX.O) , opens new tab given its lower profitability. Finally, if Paramount Pictures’ mooted sale is a yard-stick, pegged by Morgan Stanley analysts at about 18 times EBITDA, the studio is worth $35 billion. Total it up and subtract $10 billion of deadweight from corporate costs, and there’s nearly $90 billion in enterprise value, a $20 billion uplift to where WBD is now. A split could nudge investors to recognize this value by freeing growing divisions from a $37 billion debt pile. Creditors might howl over stuffing those IOUs into a separate television business. But a deal could help by strengthening the unit. WBD itself is a product of a spin-merge with Warner Media, separated from AT&T (T.N) , opens new tab in 2022. Perhaps Comcast - or the cable businesses of competitors like Paramount or Walt Disney (DIS.N) , opens new tab - could be a dance partner this time around. Whatever the case, it sure seems like WBD is re-entering the spin zone. Follow @jennifersaba , opens new tab on X CONTEXT NEWS Warner Bros Discovery on Dec. 12 announced that it would adopt a new corporate structure aligned into two divisions. Streaming & Studios will include its film and entertainment production, as well as streaming platforms like HBO. Global Linear Networks will house its traditional television networks. Shares of the company, which owns cable channels including, CNN, the Food Network and TNT, rose over 15% following the announcement. WBD retained JPMorgan, Evercore and Guggenheim Securities as financial advisers. For more insights like these, click here , opens new tab to try Breakingviews for free. Editing by Jonathan Guilford and Pranav KiranTexas and Georgia are battling for recruiting supremacy before duking it out for a Southeastern Conference title. Alabama, which also appears to be headed to the playoffs, is right behind them. The two Atlanta-bound and presumably playoff-bound SEC powers are leading the way in recruiting league-wide and nationally during the early signing period that started Wednesday. They'll meet Saturday in the SEC championship game in Mercedes-Benz Stadium. They're currently No. 1 (Texas) and No. 2 (Georgia) nationally, but the SEC holds a sweep of the top three with the Crimson Tide ranked third in Kalen DeBoer's first full recruiting cycle. The league holds eight of the top 11 spots. The final rankings are pending the decision of the nation's top uncommitted prospect, defensive tackle Justus Terry, who is expected to choose among three SEC schools: Georgia, Texas and Auburn. Leader of the pack The Longhorns landed four five-star prospects, per the 247Sports composite rankings of recruiting sites. They also picked up No. 1-ranked athlete Michael Terry III on signing day when he chose Texas over Nebraska. Steve Sarkisian's Longhorns class is led by five-star safety Jonah Williams of Galveston, Texas, the nation’s No. 8 overall prospect, according to the composite rankings. They signed five-star wide receivers Kaliq Lockett and Jaime Ffrench, along with edge rusher Lance Jackson. Only Florida’s Ffrench was from out of state. Georgia had pledges from five five-star prospects entering signing day, led by No. 3 overall recruit defensive lineman Elijah Griffin, edge rusher Isaiah Gibson and linebacker Zayden Walker. Alabama got a potential successor to quarterback Jalen Milroe. Keelon Russell of Duncanville, Texas, is rated as the No. 2 quarterback and overall prospect per the composite rankings. Best of the rest Auburn coach Hugh Freeze has been touting his recruiting success frequently as building a solid foundation amid losing records in his first two seasons. The Tigers are currently at No. 6 and landed a much-needed quarterback in five-star Deuce Knight from Lucedale, Mississippi. LSU had the eighth-ranked class, a group led by five-star prospects in cornerback DJ Pickett, running back Harlem Berry and offensive lineman Solomon Thomas. Texas A&M stands at No. 9 after late flips in five-star signees in wide receiver Jerome Myles (from USC) and offensive tackle Lamont Rogers (Missouri). The Aggies are followed in order by LSU, Tennessee and Florida. The Volunteers were still awaiting the letter-of-intent from top-five prospect offensive tackle David Sanders Jr., who has been committed since August but is reportedly considering Ohio State. The Gators' class was highlighted by five-star receiver Vernell Brown III. Under the radar Ole Miss wide receiver signee Caleb Cunningham is too highly rated to be truly under the radar for most programs. But Lane Kiffin has built the Rebels into an SEC contender largely with transfers, not blue-chip high school recruits. Cunningham, who de-committed from Alabama on Nov. 13, is rated as the No. 2 receiver and 18th-best player in the class. Ole Miss is looking for a replacement to star receiver Tre Harris. Star of the class Alabama's Russell was the highest-rated recruit and plays at the most prized position. The 6-foot-3, 175-pounder led Duncanville High School to state championships in 2022 and 2023 and was MVP of the Elite 11 quarterback competition this year. Alabama returns Ty Simpson and Austin Mack at quarterback, so there may not be a pressing need for an immediate impact. Biggest surprises Myles was a big addition to the Aggies at a position of need. The nation's No. 5 receiver and 23rd-rated recruit had decommitted from USC after visiting College Station last weekend. Texas A&M coach Mike Elko's team is down to five scholarship receivers entering the postseason. Billy Napier and Florida flipped four-star safety Lagonza Hayward from rival Tennessee. Hayward ranks as the No. 9 safety in the country and had decommitted from the Vols on Sunday.
By JOSH BOAK WASHINGTON (AP) — Donald Trump loved to use tariffs on foreign goods during his first presidency. But their impact was barely noticeable in the overall economy, even if their aftershocks were clear in specific industries. The data show they never fully delivered on his promised factory jobs. Nor did they provoke the avalanche of inflation that critics feared. This time, though, his tariff threats might be different . The president-elect is talking about going much bigger — on a potential scale that creates more uncertainty about whether he’ll do what he says and what the consequences could be. “There’s going to be a lot more tariffs, I mean, he’s pretty clear,” said Michael Stumo, the CEO of Coalition for a Prosperous America, a group that has supported import taxes to help domestic manufacturing. The president-elect posted on social media Monday that on his first day in office he would impose 25% tariffs on all goods imported from Mexico and Canada until those countries satisfactorily stop illegal immigration and the flow of illegal drugs such as fentanyl into the United States. Those tariffs could essentially blow up the North American trade pact that Trump’s team negotiated during his initial term. Chinese imports would face additional tariffs of 10% until Beijing cracks down on the production of materials used in making fentanyl, Trump posted. Democrats and business groups warn of risks from Trump’s tariff threats Business groups were quick to warn about rapidly escalating inflation , while Mexican President Claudia Sheinbaum said she would counter the move with tariffs on U.S. products. House Democrats put together legislation to strip a president’s ability to unilaterally apply tariffs this drastic, warning that they would likely lead to higher prices for autos, shoes, housing and groceries. Sheinbaum said Wednesday that her administration is already working up a list of possible retaliatory tariffs “if the situation comes to that.” “The economy department is preparing it,” Sheinbaum said. “If there are tariffs, Mexico would increase tariffs, it is a technical task about what would also benefit Mexico,” she said, suggesting her country would impose targeted import duties on U.S. goods in sensitive areas. House Democrats on Tuesday introduced a bill that would require congressional approval for a president to impose tariffs due to claims of a national emergency, a largely symbolic action given Republicans’ coming control of both the House and Senate. “This legislation would enable Congress to limit this sweeping emergency authority and put in place the necessary Congressional oversight before any president – Democrat or Republican – could indiscriminately raise costs on the American people through tariffs,” said Rep. Suzan DelBene, D-Wash. But for Trump, tariffs are now a tested tool that seems less politically controversial even if the mandate he received in November’s election largely involved restraining inflation. The tariffs he imposed on China in his first term were continued by President Joe Biden, a Democrat who even expanded tariffs and restrictions on the world’s second largest economy. Biden administration officials looked at removing Trump’s tariffs in order to bring down inflationary pressures, only to find they were unlikely to help significantly. Tariffs were “so new and unique that it freaked everybody out in 2017,” said Stumo, but they were ultimately somewhat modest. Trump’s first term tariffs had a modest impact on economy Trump imposed tariffs on solar panels and washing machines at the start of 2018, moves that might have pushed up prices in those sectors even though they also overlapped with plans to open washing machine plants in Tennessee and South Carolina. His administration also levied tariffs on steel and aluminum, including against allies. He then increased tariffs on China, leading to a trade conflict and a limited 2020 agreement that failed to produce the promised Chinese purchases of U.S. goods. Still, the dispute changed relations with China as more U.S. companies looked for alternative suppliers in other countries. Economic research also found the United States may have sacrificed some of its “soft power” as the Chinese population began to watch fewer American movies. The Federal Reserve kept inflation roughly on target, but factory construction spending never jumped in a way that suggested a lasting gain in manufacturing jobs. Separate economic research found the tariff war with China did nothing economically for the communities hurt by offshoring, but it did help Trump and Republicans in those communities politically. When Trump first became president in 2017, the federal government collected $34.6 billion in customs, duties and fees. That sum more than doubled under Trump to $70.8 billion in 2019, according to Office of Management and Budget records. While that sum might seem meaningful, it was relatively small compared to the overall economy. America’s gross domestic product is now $29.3 trillion, according to the Bureau of Economic Analysis. The total tariffs collected in the United States would equal less than 0.3% of GDP. Trump wants much more far-reaching tariffs going forward The new tariffs being floated by Trump now are dramatically larger and there could be far more significant impacts. If Mexico, Canada, and China faced the additional tariffs proposed by Trump on all goods imported to the United States, that could be roughly equal to $266 billion in tax collections, a number that does not assume any disruptions in trade or retaliatory moves by other countries. The cost of those taxes would likely be borne by U.S. families, importers and domestic and foreign companies in the form of higher prices or lower profits. Former Biden administration officials said they worried that companies could piggyback on Trump’s tariffs — if they’re imposed — as a rationale to raise their prices, just as many companies after Russia’s invasion of Ukraine in 2022 boosted food and energy costs and gave several major companies the space to raise prices, according to their own earnings calls with investors. But what Trump didn’t really spell out is what might cause him to back down on tariffs and declare a victory. What he is creating instead with his tariff threats is a sense of uncertainty as companies and countries await the details to figure out what all of this could mean. “We know the key economic policy priorities of the incoming Trump administration, but we don’t know how or when they will be addressed,” said Greg Daco, chief U.S. economist at EY-Parthenon. AP writer Mark Stevenson contributed to this report from Mexico City.I went down a little bit of a hip-hop/American funk rabbit hole this morning – think Skee-Lo, A Tribe Called Quest, and Sly and the Family Stone – all sparked by the news that the Baller League is going international. Some OGs are going to be involved too, with Gary Lineker and Luis Figo among those agreeing to manage teams in the UK and the US. And because nothing new these days is complete without influencers, KSI, IShowSpeed and Chunkz are also involved. See, not just a newsletter, we try and keep it cultural too. Anyway, we’ll get back to that later, but first some proper football, and things are going from bad to worse at the Etihad. The wheels are well and truly falling off the Manchester City bandwagon. Without a win in six games, Pep Guardiola’s side threw away a three-goal lead at home to Feyenoord overnight, drawing 3-3 in the Champions League. Erling Haaland scored twice in nine minutes either side of half-time and a Ilkay Gundogan strike meant the home side were cruising. Then some comical defending from Josko Gvardiol opened the door to Anis Hadj Moussa to pull one back. The Croatian was a fault too when Santiago Gimenez added a second, and David Hancko snatched a vital point, as Feyenoord scored three times in the final 15 minutes. Fun fact: City have conceded two or more goals in six successive matches in all competitions for the first time since May 1963 – during a season in which they were relegated from the top-flight.
Sun, fun and theme parks – what more could you want in a destination? But in Anaheim, California, there is more – much more – for travellers of all ages, with all budgets and preferences. In this week’s Take 5, we sit down with Kathy Abrams, Director, Tourism Development of Visit Anaheim, who shares with us selling tips for travel advisors, new offerings that all travellers will love, and top recommendations for things to see and do beyond California’s famed theme parks. 1. . How do Canadians get to Anaheim? “Anaheim’s central location in Southern California makes it easily accessible from numerous airports like LAX, SNA, LGB, and ONT. The closest airport to Anaheim is John Wayne Airport (SNA) which is only 19 kms from the Anaheim Resort. What’s great is that Canadians can fly into SNA with direct flights from Calgary with WestJet and from Vancouver with Air Canada. John Wayne Airport makes traveling to Anaheim easy with its proximity and transportation options and was even ranked #1 in customer satisfaction among large airports in the J.D. Power 2024 North America Airport Satisfaction Study.” 2. Who should travel advisors sell the destination to? “The best part about selling Anaheim is that it is great for a variety of travellers – from families, to couples, to friends looking for a fun getaway. Anaheim has a wide variety of hotel accommodations like family-friendly hotels, upscale luxury accommodations and more. Families will enjoy creating lifelong memories at our theme parks including Disneyland Park, Disney California Adventure Park and Knott’s Berry Farm. Those looking for nightlife fun can enjoy the views from one of our rooftop bars or enjoy local hot spots like our hidden speakeasies, live music venues, and craft breweries. Also, sports fans can watch their favourite hockey team play at Honda Center or catch a baseball game at Angel Stadium – both venues just minutes from the Anaheim Resort.” 3. What would you suggest as something to do outside of the theme parks? “One tip is to space out theme park days to allow time to rest and relax before heading back for a full day. Guests can visit Anaheim GardenWalk and channel their inner pilot at Flight Deck where guests can experience flying a fighter jet in one of their simulators or make their own rug at 528 Entertainment. Downtown Anaheim is also a great place to visit for some delicious eats at the Anaheim Packing House and on Center Street Promenade. Another option is for guests to take a day trip to Catalina Island or to one of the beach cities in Orange County.” 4. What’s new in the pipeline for 2025? What are you most excited about? “There are so many things to be excited for in 2025. The Disneyland Resort will be celebrating its 70 th anniversary with a special celebration that starts May 16. With this comes so many things to look forward to like a new nighttime spectacular ‘World of Color Happiness!’ that will take place in Disney California Adventure Park and ‘Walt Disney – A Magical Life’ that will make its debut at Disneyland Park featuring the first ever Audio-Animatronics figure of Walt Disney, and so much more.” 5. How do travel advisors learn more about the destination and to stay up-to-date on new offerings? “Travel agents can check out our website for updates and inspiration for their clients at visitanaheim.org . We also have a resources page just for Canadian travel agents available at visitanaheim.org/ca-resources . Here, we have tools for travel professionals like our Anaheim Specialist destination training, itinerary ideas, blogs, a digital version of our guide and more.” For more information go to www.visitanaheim.org .From parties to family-friendly fireworks and hotel discounts, The Mile High City is the place to ring in the New Year DENVER , Dec. 12, 2024 /PRNewswire/ -- Denver boasts endless ways to celebrate the New Year, from holiday traditions like the free, ball drop-style countdown at the Mile High Tree to New Year's Eve parties and live performances. Below is a list of events. For the most up-to-date information on this growing list, check out the VISIT DENVER website . Celebrate New Year's Eve at one of the more than 20 wonderful Denver hotels offering holiday packages. For a full list, check out the VISIT DENVER website . RTD is once again offering free fares on buses and trains, supported by Molson Coors from 7 p.m. on Dec. 31 to 7 a.m. on Jan. 1 . New Year's Eve Fireworks & Downtown Fun New Year's Eve at The Mile High Tree Presented by Xcel Energy and Xfinity Dec. 31, 2024 ; 9 p.m. , Civic Center Park Join in on the family-friendly celebration as The Mile High Tree will host a special ball drop-style countdown to ring in the new year. The show will begin at 9 p.m. with a 60-second cascading countdown along the seven-story, 110-foot-tall immersive art tree and will immediately precede the first downtown firework display. Admission is free! Downtown Fireworks Dec. 31, 2024 ; 9 p.m. and midnight, 16th Street Mall For more than two decades, the city has been celebrating the new year with fireworks over downtown. Two free shows will start and 9 p.m. and midnight, from two rooftop locations. The best spot to see the shows is from the 16th Street Mall. The fireworks are presented by the Downtown Denver Partnership and co-sponsored by VISIT DENVER and the Downtown Denver Business Improvement District. Mile High Drone Show Dec. 31, 2024 ; 5:30 p.m. Downtown Catch the final Mile High Drone Show of the year, when 400 drones soar into the sky, creating breathtaking holiday-themed animations! See these dazzling displays from across the city at 5:30 p.m. ahead of the Colorado Avalanche game on New Year's Eve. From Santa and his reindeer to iconic Denver landmarks like the Mile High Tree and Denver Union Station . Keep an eye out for a surprise or two. New Year's Eve Parties Decadence Dec. 30–31, 2024; Colorado Convention Center America's biggest electronic New Year's celebration is the two-night event of the (end of the) year you won't want to miss! Get your two-day pass and dance your way into 2025. The Clocktower Cabaret's Annual New Year's Eve Burlesque Bash Dec. 31, 2024 ; 7 p.m. and 9:30 p.m. , The Clocktower Cabaret, D&F Tower The Clocktower Clockettes present their best and brightest acts from the past year, with the sassy, classy, high-altitude attitude audiences scream for. This top-shelf, all-star lineup is the best of the best together for one night to ring in the new year! Acts range from classic to modern, from smolderingly sensuous to laugh-out-loud hilarious counting down to a midnight toast and downtown fireworks! 2025 Denver New Year's Eve (NYE) Bar Crawl Dec. 31, 2024 ; 8 p.m. to 2 a.m. , Various locations downtown From dance parties to DJs, live bands and the must-have midnight champagne cheers, the New Year's Eve Bar Crawl is the perfect place to wrap up 2024 and celebrate the kick-off of 2025 with those you care for the most. White Rose Gala Dec. 31, 2024 ; 8 p.m. to 1 a.m. , The Ritz-Carlton, Denver Kick off the New Year on a triumphant note by creating exceptional moments at the gala and carry that excellence into conquering 2025! Immerse yourself in the Roaring 20's theme, complete with art deco decor and a crowd dressed in the period's finest attire. Be enthralled by the live band, dynamic DJs and dramatic performances, all radiating the allure of the Roaring 20s. Denver NYE Black Tie Party Dec. 31, 2024 ; 8:30 p.m. to 1 a.m. , 1075 Park Ave. W. This NYE, ditch the couch and get fancy at Denver's biggest New Year's Eve party with an open bar, a DJ spinning everything from Top 40 to old-school hip hop and casino games where you can win sweet prizes. Plus, don't miss the epic balloon drop and confetti blast at midnight. 2024 New Year's Eve On Tap at Bierstadt Lagerhaus Dec. 31, 2024 ; 9:00 p.m. , 2875 Blake St, Denver, CO 80205 Ring in the new year with good friends, great beer and a lively atmosphere at New Year's Eve on Tap at Bierstadt Lagerhaus. NYE on Tap 2024 has a jam-packed schedule filled with excitement, from the moment you arrive to the final countdown with an open bar, food buffet and live music. Family-Friendly New Year's Events Larimer Lights Nov. 29–Dec. 31, 2024; Larimer Square Enjoy visits from Santa, live holiday carolers, unique shopping from local artisans at the Holiday BAZAAR and seasonal treats from top restaurants. Zoo Lights – Sensory-Friendly Night Dec. 31, 2024 ; Denver Zoo Conservation Alliance Enjoy a variety of accommodations including reduced crowds, low-volume music, quiet rooms and more, just for those who may feel overwhelmed by typical light experiences. Noon Year's Eve Dec. 31, 2024 ; Children's Museum of Denver at Marsico Campus In conjunction with Snow Days, get all the glitz and glam of New York City's Times Square before bedtime. There will be ball drops at the top of every hour from 10 a.m. to 3 p.m. , plus music, tasty treats from The Teaching Kitchen and more. Music & Performing Arts Greensky Bluegrass Dec. 30–31, 2024; The Mission Ballroom Don't miss this eclectic bluegrass jam band to close out the year. Since their 2000 formation in Kalamazoo, MI , they have unassumingly progressed into a phenomenon on their own terms with the undying support of a devout audience. Rolling back and forth across North America on successive tours, they recently sold out 3 nights at Red Rocks, a feat unheard of in their genre. 'A Night in Vienna ' Dec. 31, 2024 ; Boettcher Concert Hall A Colorado cultural tradition returns featuring your symphony waltzing along with you into 2025! Start your celebration in style with the Colorado Symphony's presentation of "A Night in Vienna ," a rousing selection of polkas, waltzes and marches. New Year's Eve with the Jacob Larsen Band Dec. 31, 2024 ; Dazzle Join the Jacob Larsen Band for an evening filled with soulful tunes, heartfelt moments and an open dance floor. Whether you're sharing laughs with friends or enjoying a special night with someone close, this event will be the perfect way to ring in the new year. Museum & Gallery Exhibitions Wild Things: The Art of Maurice Sendak Thru Feb. 17, 2025 ; Denver Art Museum One of the most versatile artists of the 20th century, Maurice Sendak is best known for award-winning titles Where the Wild Things Are, In the Night Kitchen, Outside Over There and Nutshell Library. He also designed theater sets and collaborated on films. Wild Things is titled after Sendak's Where the Wild Things Are, the beloved children's book he authored in 1963 that became a cultural touchstone, signaling to all the beauty, whimsy and mischief that his art inspired over his 65-year career. Among many other highlights, the exhibition will feature the first presentation of all the original paintings for Where the Wild Things Are and significant additional loans from The Morgan Library & Museum in New York and Warner Bros. Entertainment, Inc. Danielle SeeWalker : But We Have Something to Say Thru Dec. 31, 2024 ; History Colorado Center Danielle SeeWalker is a Húŋkpapȟa Lakȟóta citizen from the Standing Rock Sioux Tribe. She is an artist, writer, activist and boy mom of two, based in Denver . This exhibition uses storytelling to explore a variety of issues important to Indigenous peoples and communities. Striking nineteenth-century hair ornaments, beaded spoons and moccasins are paired with SeeWalker's art in ways that illuminate censored and erased histories. The Power of Poison Thru Jan. 5, 2025; Denver Museum of Nature & Science Explore the captivating and often paradoxical world of nature's toxic arsenal in The Power of Poison. Find out how studying poison's effects on human cells can help scientists figure out how to protect, repair and heal our own bodies and improve our health. Whether used as a defense against predators, a source of magical strength or a lifesaving medical treatment, The Power of Poison is sure to surprise you at every turn! Shadow and Light: Patrick Marold Thru Jan. 5, 2025; Denver Botanic Gardens Explore a site-specific installation highlighting the ever-changing qualities of light and shadow. Created specifically for Denver Botanic Gardens, Shadow and Light is an immersive sculptural installation integrating the poetics of space with the luminosity of light. Discover an exhibition that changes with every visit, highlighting the shifting mood of light throughout the day and across the seasons. Dialogue and Defiance: Clyfford Still and the Abstract Expressionists Thru Jan. 12, 2025 ; Clyfford Still Museum Clyfford Still withdrew his paintings from the Betty Parsons Gallery in 1951, refusing to participate in a market prioritizing the fame of an artist and the price of their artworks. The following year, he surprised many by agreeing to participate in a group show at the Museum of Modern Art. This exhibition considers the nuanced ways in which Clyfford Still was part of an artists' community in the late 1940s and early 1950s, despite his protestations to the contrary, and how his paintings, through their scale and composition, promote ideas of community. Migrants, a Tale of Two Hearts Thru Jan. 26, 2025 ; Museo de las Americas The journey of migrants to the U.S. is full of internal changes taking place in the physical body and mental state. This exhibit will explore the internal and external experiences of the immigrant who leaves home in search of a new and better life. Sporting Events Denver Nuggets vs. Cleveland Cavaliers Dec. 27, 2024 ; 7 p.m. ; Ball Arena Denver Nuggets vs. Detroit Pistons Dec. 28, 2024 ; 7 p.m. ; Ball Arena Colorado Avalanche vs. Winnipeg Jets Dec. 31, 2024 ; 6 p.m. ; Ball Arena Denver Nuggets vs. Atlanta Hawks Jan. 1, 2025 ; 7 p.m. ; Ball Arena About VISIT DENVER, The Convention & Visitors Bureau Celebrating 115 years of promoting The Mile High City, VISIT DENVER is a nonprofit trade association that contracts with the City of Denver to market Denver as a convention and leisure destination, increasing economic development in the city, creating jobs and generating taxes. Denver welcomed more than 37.4 million visitors in 2023, generating $10.3 billion in spending, while supporting tens of thousands of jobs and making Tourism one of the city's largest industries. Learn more about Denver at VISIT DENVER or Tourism Pays Denve r. Follow Denver's social media channels for up-to-the-minute updates on Facebook , Instagram , Twitter , YouTube and LinkedIn . With press or photo inquiries, please contact: Taylor Shields , Director of PR & Communications Caroline Campbell , PR & Communications Manager Natalie St. Hilaire, PR & Communcations Coordinator Press@visitdenver.com View original content to download multimedia: https://www.prnewswire.com/news-releases/denver-shines-brightly-this-new-years-eve-302330697.html SOURCE VISIT DENVER, The Convention & Visitors BureauBy JOSH BOAK WASHINGTON (AP) — Donald Trump loved to use tariffs on foreign goods during his first presidency. But their impact was barely noticeable in the overall economy, even if their aftershocks were clear in specific industries. The data show they never fully delivered on his promised factory jobs. Nor did they provoke the avalanche of inflation that critics feared. This time, though, his tariff threats might be different . The president-elect is talking about going much bigger — on a potential scale that creates more uncertainty about whether he’ll do what he says and what the consequences could be. “There’s going to be a lot more tariffs, I mean, he’s pretty clear,” said Michael Stumo, the CEO of Coalition for a Prosperous America, a group that has supported import taxes to help domestic manufacturing. The president-elect posted on social media Monday that on his first day in office he would impose 25% tariffs on all goods imported from Mexico and Canada until those countries satisfactorily stop illegal immigration and the flow of illegal drugs such as fentanyl into the United States. Those tariffs could essentially blow up the North American trade pact that Trump’s team negotiated during his initial term. Chinese imports would face additional tariffs of 10% until Beijing cracks down on the production of materials used in making fentanyl, Trump posted. Business groups were quick to warn about rapidly escalating inflation , while Mexican President Claudia Sheinbaum said she would counter the move with tariffs on U.S. products. House Democrats put together legislation to strip a president’s ability to unilaterally apply tariffs this drastic, warning that they would likely lead to higher prices for autos, shoes, housing and groceries. Sheinbaum said Wednesday that her administration is already working up a list of possible retaliatory tariffs “if the situation comes to that.” “The economy department is preparing it,” Sheinbaum said. “If there are tariffs, Mexico would increase tariffs, it is a technical task about what would also benefit Mexico,” she said, suggesting her country would impose targeted import duties on U.S. goods in sensitive areas. Related Articles House Democrats on Tuesday introduced a bill that would require congressional approval for a president to impose tariffs due to claims of a national emergency, a largely symbolic action given Republicans’ coming control of both the House and Senate. “This legislation would enable Congress to limit this sweeping emergency authority and put in place the necessary Congressional oversight before any president – Democrat or Republican – could indiscriminately raise costs on the American people through tariffs,” said Rep. Suzan DelBene, D-Wash. But for Trump, tariffs are now a tested tool that seems less politically controversial even if the mandate he received in November’s election largely involved restraining inflation. The tariffs he imposed on China in his first term were continued by President Joe Biden, a Democrat who even expanded tariffs and restrictions on the world’s second largest economy. Biden administration officials looked at removing Trump’s tariffs in order to bring down inflationary pressures, only to find they were unlikely to help significantly. Tariffs were “so new and unique that it freaked everybody out in 2017,” said Stumo, but they were ultimately somewhat modest. Trump imposed tariffs on solar panels and washing machines at the start of 2018, moves that might have pushed up prices in those sectors even though they also overlapped with plans to open washing machine plants in Tennessee and South Carolina. His administration also levied tariffs on steel and aluminum, including against allies. He then increased tariffs on China, leading to a trade conflict and a limited 2020 agreement that failed to produce the promised Chinese purchases of U.S. goods. Still, the dispute changed relations with China as more U.S. companies looked for alternative suppliers in other countries. Economic research also found the United States may have sacrificed some of its “soft power” as the Chinese population began to watch fewer American movies. The Federal Reserve kept inflation roughly on target, but factory construction spending never jumped in a way that suggested a lasting gain in manufacturing jobs. Separate economic research found the tariff war with China did nothing economically for the communities hurt by offshoring, but it did help Trump and Republicans in those communities politically. When Trump first became president in 2017, the federal government collected $34.6 billion in customs, duties and fees. That sum more than doubled under Trump to $70.8 billion in 2019, according to Office of Management and Budget records. While that sum might seem meaningful, it was relatively small compared to the overall economy. America’s gross domestic product is now $29.3 trillion, according to the Bureau of Economic Analysis. The total tariffs collected in the United States would equal less than 0.3% of GDP. The new tariffs being floated by Trump now are dramatically larger and there could be far more significant impacts. If Mexico, Canada, and China faced the additional tariffs proposed by Trump on all goods imported to the United States, that could be roughly equal to $266 billion in tax collections, a number that does not assume any disruptions in trade or retaliatory moves by other countries. The cost of those taxes would likely be borne by U.S. families, importers and domestic and foreign companies in the form of higher prices or lower profits. Former Biden administration officials said they worried that companies could piggyback on Trump’s tariffs — if they’re imposed — as a rationale to raise their prices, just as many companies after Russia’s invasion of Ukraine in 2022 boosted food and energy costs and gave several major companies the space to raise prices, according to their own earnings calls with investors. But what Trump didn’t really spell out is what might cause him to back down on tariffs and declare a victory. What he is creating instead with his tariff threats is a sense of uncertainty as companies and countries await the details to figure out what all of this could mean. “We know the key economic policy priorities of the incoming Trump administration, but we don’t know how or when they will be addressed,” said Greg Daco, chief U.S. economist at EY-Parthenon. AP writer Mark Stevenson contributed to this report from Mexico City.
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A University of Pennsylvania professor who made comments supporting Luigi Mangione, the man accused of fatally shooting UnitedHealthcare CEO Brian Thompson, has been rebuked by a deputy dean. Julia Alekseyeva, an assistant professor of English and Media and Cinema studies at the Ivy League school, praised Mangione, a Penn album, Tuesday night on social media. MORE : New 200-foot-long pedestrian bridge opens near Forbidden Drive at Wissahickon Valley Park "I have never been prouder to be a professor at the University of P3nnsylvania," Alekseyeva wrote on TikTok, the Daily Pennsylvanian, Penn's student newspaper, first reported . Her post has since been removed. Alekseyeva also had shared another post about Mangione in an Instagram story, calling him the "icon we all need and deserve." Jeffrey Kallberg, deputy dean at Penn's School of Arts & Sciences, issued a statement Wednesday addressing the Alekseyeva's social media posts. "Her comments regarding the shooting of Brian Thompson in New York City were antithetical to the values of both the School of Arts & Sciences and the University of Pennsylvania, and they were not condoned by the School or the University," said Kallberg, who is set to become interim dean of the School of Arts & Sciences in January. "Upon reflection, Assistant Professor Alekseyeva has concurred that the comments were insensitive and inappropriate and has retracted them." Kallberg's statement came after Alekseyeva posted Tuesday night on X, formerly Twitter, that she regretted her comments. "Late last night I posted a TikTok, as well as several stories on my Instagram," Alekseyeva wrote. "These were completely insensitive and inappropriate, and I retract them wholly. I do not condone violence and I am genuinely regretful of any harm the posts have caused." Mangione, 26, is charged in New York with second-degree murder, forgery and gun offenses for allegedly gunning down Thompson outside the New York Hilton Midtown hotel in Manhattan on Dec. 4. He spent nearly six days on the run before an employee at a McDonald's in Altoona, Pennsylvania, reported him to authorities Monday. Mangione also faces separate charges in Pennsylvania. After Mangione's arrest, Penn officials confirmed that he had attended the university and was awarded a bachelor's and master's degree in computer and information science in 2020. He had helped found a video game development club and had been a teaching assistant for an undergraduate class during his time at Penn. The manhunt for Mangione and his arrest prompted a wave of public reaction to the shooting, including many who painted the alleged gunman as a hero for targeting a health insurance executive. After Mangione's arrest, Pennsylvania Gov. Josh Shapiro was among the leaders to condemn politically-motivated violence . "In America, we do not kill people in cold blood to resolve policy differences or express a viewpoint," Shapiro said Monday. "I understand people have real frustration with our health care system. ... In a civil society, we are all less safe when ideologues engage in vigilante justice."25 photos from the Wildlife Photographer of the Year contest portray the beauty and vulnerability of life in the wild
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As U.S. goalkeeper Alyssa Naeher looked ahead to the next Women's World Cup in 2027, she calculated what that would look like at her age. Now 36, she already has a World Cup title and won an Olympic gold medal this year in France. She considered the mental, physical and emotional toll of a new cycle and decided it was time to step away . “Honestly, I think I’ve been somebody that has given everything I’ve had to this team. I don’t do anything halfway. It’s kind of, if you can give 100% to it, then keep going," she said. “With that in mind, I kind of just felt like this was the right time coming off of the Olympics, having the year that we had, entering into a new cycle, a new stage for this team.” Naeher is the latest veteran to announce she's stepping down from the national team as the next generation takes over under coach Emma Hayes. Among those who have wrapped up their soccer careers in the past couple of years include World Cup winners Megan Rapinoe, Alex Morgan, Kelley O'Hara and Ali Krieger. Naeher will be with the team for two more matches in the coming week. The Americans play England at Wembley Stadium on Saturday and then the Netherlands in The Hague on Tuesday. Naeher said she's excited about the next generation of goalkeepers. In addition to Naeher, Mandy Haught of the Utah Royals and Phallon Tullis-Joyce of Manchester United are on the roster for the upcoming matches. Other goalkeepers who have been on recent rosters include Casey Murphy and Jane Campbell. “I think the beauty of goalkeeping is that it’s not really a one-size-fits-all kind of position," she said. "The more that you can understand — that's going to be the challenge any young goalkeeper coming up, is really taking the time to understand what your strengths are and make them really, really elite and separate yourself.” Naeher spoke on Wednesday from London after announcing her retirement on social media Monday . Naeher made her senior debut with the national team in 2014 and was a backup to Hope Solo at the 2015 World Cup, which the United States won. She became the team’s regular starter following the 2016 Rio de Janeiro Olympics and was on the squad that repeated as World Cup winners in 2019. Naeher won a bronze medal at the Tokyo Olympics in 2021 before the U.S. earned gold this year in Paris. She made a key one-handed save in stoppage time to preserve the Americans’ 1-0 victory over Brazil in the Olympic final. For her career, Naeher has appeared 113 games with 110 starts, 88 wins and 68 shutouts. She had four shutouts over the course of the Olympic tournament in France. While she's leaving the national team, she'll play one more year for her club team, the Chicago Red Stars in the National Women's Soccer League. “I hope that I can be remembered as a good teammate, as a competitor, as somebody that was looked on as someone that could be relied upon on the field and supported those players around me,” she said. “I think it’s just been a really special team to be a part of. And I’m very proud of what we have been able to accomplish over the years.” AP soccer: https://apnews.com/hub/soccer(From left) Ireen Catane, country president, Schneider Electric Philippines; Vivian Santos, deputy director general of operations, Philippine Economic Zone Authority; Joanne Michelle “Bamm” Gonzales, vice mayor of Rosario, Cavite; and Rizalino Jose Torralba, Bureau of Customs district collector, Port of Manila, visit the Cavite Smart Distribution Center, one of Schneider Electric’s main distribution centers in Asia-Pacific and among 17 others in the world. —Contributed photos MANILA, Philippines — Far too many companies embrace sustainability either because they are compelled to do so by their regulators, or their potential partners and buyers demand it because they want the services and products that they patronize to align with their own values on protecting the environment. Thus sustainability—largely defined as taking only so much from nature that can be replenished—is relegated to a corporate social responsibility concept. But not so for French multinational energy management and industrial automation firm Schneider Electric. READ: Investing in sustainability For the 188-year-old global industrial technology leader with world-leading expertise in electrification, automation, and digitization, sustainability is its reason for being, indeed what determines its bottom line at the end of every fiscal year. Thus says Chris Leong, Schneider’s global chief marketing officer, who was in the Philippines recently from her office in Hong Kong to discuss how Schneider was able to integrate sustainability into its business operations and its commitment to specific environmental, social, and governance (ESG) goals. The MasterPacT MTZ Active is an air circuit breaker that enables real-time power monitoring and measurement to accelerate decarbonization among industries. Leong shared that Schneider is guided by five megatrends, first of which is the struggle to meet the global commitment to limit global warming to 1.5 degrees over the level during the industrial revolution of the 1800s. It had been determined under the Paris agreement that going beyond this limit will be catastrophic especially for countries like the Philippines, which, according to the latest World Bank report, is the most at risk to natural disasters. Another megatrend is energy transition, or the shift from traditional fossil-fuel based power sources to renewables. Discussions on energy transition, however, have been skewed toward the supply side, which means the need to ramp up the installation of renewable energy sources such as solar or wind plants to add to the capacity. Not enough attention has been placed on the demand side, which covers how to reduce the need or consumption of electricity to ease the pressure on the grid and reduce the need to put up additional power sources. This is where Schneider Electric aims to make a difference, given its purpose to “create impact by empowering all to make the most of our energy and resources, bridging progress and sustainability.” Schneider Electric, she said, walks the talk by retrofitting its own factories to make them more efficient, and it can deploy the same suite of solutions to help other companies make their factories or offices more economical, thus making the most of the energy that they consume. Another megatrend is digitization and artificial intelligence (AI). Leong underscored that we are all just seeing the beginning of AI. More applications will be developed around the world to the point that the world will need as much as 4.2 times more electricity to power AI and then the data centers—essentially servers—that will store all the data to be produced and then processed. “We power one in two data centers globally. It is an honor, privilege, and responsibility to make data centers more environment-friendly,” she said, “This is not about hugging trees. It makes business sense to make them much more efficient.” Leong said she sees Schneider Electric performing two roles—one is as a sustainability practitioner, which means setting and then achieving targets to reduce its own carbon footprint, and the other as a sustainability manufacturer, and also a provider of technology solutions so that others can achieve their own targets. The first step in helping customers achieve their sustainability goals through power efficiency is by auditing their current operations to gather baseline data. From there, Schneider sits down with the client to draw up a road map of how they can achieve their set targets, such as reducing their electricity consumption or adding more capacity without requiring more power. Then Schneider helps them digitize so that all relevant data can be connected to a central depository and then processed to see where efficiencies can be unlocked. Lastly, it helps companies decarbonize, or reduce their carbon footprint, through Schneider hardware, which ranges from surge protectors to lighting fixtures, and the eco-structure software that enables companies to connect all of their assets so they can make their energy usage visible, and through which they will be able to monitor and manage their energy use and thus contribute to their own sustainability goals. All these interventions combined can help large power users, from data centers to critical buildings such as hospitals and schools to the manufacturing and infrastructure sectors such as utilities, reduce their energy consumption. Subscribe to our daily newsletter By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . That is the proposition it offers to important and growing markets such as the Philippines, which needs all the help it can get to make the most of the costly power it consumes.
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As a smooth-talking media and political pundit, Colman Domingo ’s Muncie Daniels is used to commenting on politics and the news — not becoming the news — in The Madness . However, his fate will quickly change for the worse when we meet him in the new series. When the CNN personality discovers the dead body of a white supremacist in the woods near where he’s staying in the Poconos, he winds up in the crosshairs of law enforcement and possibly framed for murder — and even his lawyer friend Kwesi (Deon Cole) warns the silver-tongued Muncie, “You’re not going to be able to talk your way out of this.... They are going to pin all this on you.” In this paranoia-inducing Netflix thriller, Daniels finds himself in the middle of a sprawling conspiracy that delves into the darkest corners of society and explores the intersections between the wealthy and powerful, the alt-right, and other fringe movements. “[The series] is examining the climate we’re in right now,” Domingo teased to TV Insider. “Who sows those seeds of disinformation? Who’s puppeteering all of this?” To clear his name, Muncie must figure out whether to trust FBI agent Franco Quiñones (John Ortiz) and reconnect with his working-class, activist roots in Philadelphia while reuniting with his family, which includes teenage son Demetrius (Thaddeus J. Mixson), estranged wife Elena (Marsha Stephanie Blake), and daughter Kallie (Gabrielle Graham) from a previous relationship. “He’s trying to solve a crime,” creator Stephen Belber previews, “but at the same time he’s trying to solve something inside of himself.” To find out what else we should know about the new thrill ride, we spoke to The Color Purple and Ma Rainey’s Black Bottom star Colman Domingo — who played Victor Strand on Fear the Walking Dead for eight seasons, won an Emmy for Euphoria , and was nominated for a 2024 Oscar for the civil rights drama Rustin — about the bind in which Muncie finds himself in The Madness , the similarities he shares with the character, and the resonance of a story that speaks to our age of online disinformation and conspiracy theories. Why were you drawn to this series and this character? What about it made you say yes to it? Colman Domingo: There’s so much about it that is raising questions about who are we in America right now. What do you believe in? And what are you believing? What’s being fed to you? These are questions that I have deep in my heart, and the series is bringing out those thoughts I have in the back of my head. Like who is manipulating all of us? I do believe there’s people feeding the public misinformation, but it benefits people with money, power, and position. Are there similarities you share with Muncie? Wildly enough, he’s from my neighborhood, from West Philly. He’s a college professor. So am I. There’s a lot of similarities. He’s a public-facing person. Even some of his ideology, where he believes that if you just get people at the table to sit and have a civil conversation, things will get better. I do believe that. I actively do that in my life. And I thought, “Oh, I understand Muncie. I understand what he’s trying to do.” But then the series takes him on another journey to actually go more full-throttle and understand all the dynamics he’s been espousing but not really having to get in the mud with. Is Muncie’s journey in the series a metaphor for how we’re all trying to make sense of this firehose of facts and information, along with disinformation, conspiracy-mongering, and lies that are coming at us 24/7? Yeah. It’s your modern-day North By Northwest, your modern-day Three Days of the Condor. He’s an everyman who has to go on this journey that he’s not ready to go on. He didn’t even know he’s been preparing for it. He was just living his best life, has a great position at CNN, and has been studying jujitsu for his own health. But he didn’t know that he’d need all that to go down the rabbit hole for real. What’s Muncie’s relationship like with his estranged wife, son Demetrius, and his older daughter Kallie from another relationship? All of it is precarious. What’s going on between he and his wife, we made it a gray area. Maybe they both started out as young activists, and the other one moved into celebrity, and the other one is a college professor, and they’re just not meeting [each other] where they used to be. It was more about having a crisis of faith in each other. Then with his daughter [Kallie], he made choices when he was younger, in a relationship he was in before he went to an Ivy League school. So he’s sort of been a deadbeat dad in that way. Then with his younger son, he’s sort of an absentee father. He believes he’s doing the best that he can by providing financially and showing up when he can. But I think he’s been a bit selfish. So this whole crisis is helping him examine not only who he is, but who has he been—and not been—to his family. Now he’s got to do some relationship repair; at the same time, he’s trying to advocate and save his own life and protect his family. Has he lost himself a bit over the years in pursuit of success and ambition? I think so. But I think if you asked Muncie, he wouldn’t say that. I think he believed, no, it’s okay to change. It’s OK to have access and agency. But I think at some point he didn’t realize even in the position that he had, he was just all talk. He was just a talking head. He wasn’t actually doing anything but adding to the noise of the media circuit business. In the crisis that he goes through, how does his family help him to survive? I think he didn’t realize how much he needed them. When we meet him, he’s in a place of stasis. He’s been trying to write this book for years. So he decided to go to the Pocono mountains to try and start writing something. Then he goes on this journey. I think it’s a beautiful hero’s journey. He didn’t know he needed all these things. He didn’t know he needed a heart. He didn’t know he needed a brain...It is ‘no place like home.’ But he realized that his home was attached to other things like celebrity, clothing, and having access. But all of that became more superficial than he even imagined. Amanda Matlovich / Netflix Muncie was a housing activist in his youth, and he reconnects with his West Philly roots and the people in his life from that time. How does he change during the course of the series? I think it’s about helping him to bridge the two parts of himself. It’s one of the first arguments that my character has with the fantastic Eisa Davis, who plays Renee, while hosting a show on CNN. And it’s at the core of the problem. For me, it’s a question of, “What’s the best way?” He’s like, “I am Black and I don’t have to actually be out on the streets anymore. I have more access here on television where I can affect a lot of more people.” And so for me, it’s raising the question of, “Is that right or is that wrong? Or is there a balance of both?” How do race and systemic racism factor into the story of a Black man who gets blamed for the death of a white supremacist? How do you think that will be eye-opening for some viewers? Race plays into it a great deal. Muncie is someone who is probably very adept at code-switching [adjusting one’s style of speech, appearance, and expression to conform to a given community and reduce the potential for discrimination]. When you have celebrity and access, you live more in a bubble where you’re probably not perceived in certain ways. But when all of that goes away, once Muncie has to let go of his Range Rover, his Tom Ford suits, and his position at CNN, he’s perceived as just another ordinary Black man on the street. So even when he goes into that New York shop and changes into a T-shirt, baseball cap, and hoodie [to disguise himself], he’s trying to normalize. Before, he believed was a bit more elevated in some way. I love the question that [his estranged wife] Elena asked him: “What were you doing going over to this white man’s house out in the woods? You felt like you had the privilege to do that? You have to always be careful. You don’t know what’s on the other side. You’re a Black man in America.” He forgot for a moment. What does the title, The Madness , refer to? I think it’s about the madness that we’re all living in when it comes to the 24-hour news cycle and trying to download and sift through information. It’s maddening! And also, I think the madness is also internal, that internal struggle of like, “Who are you, and what do you believe in? Who is real, and who is not?” I think that’s the madness. The Madness , Series Premiere, Thursday, November 28, Netflix More Headlines: