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‘Gladiator II’ review: Are you not moderately entertained?Child injured in Northern California school shooting may not regain use of legs, family says
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SACRAMENTO, Calif. (AP) — California could offer rebates for electric vehicle purchases if the incoming Trump administration for people who buy electric cars, Gov. Gavin Newsom said Monday. Newsom, a Democrat, will propose creating a new version of the state’s , which was phased out in 2023 after funding 594,000 cars and saving 456 million gallons of fuel, Newsom’s office said. “Consumers continue to prove the skeptics wrong – zero-emission vehicles are here to stay,” Newsom said in a statement. “We’re not turning back on a clean transportation future — we’re going to make it more affordable for people to drive vehicles that don’t pollute.” Newsom’s proposal is part of his plan to protect California’s progressive policies ahead of Republican President-elect Donald Trump’s second term. He called the state Legislature to convene in to help “Trump-proof” state laws by giving the attorney general’s office more funding to fight federal challenges. But a budget shortfall could complicate California’s resistance efforts. Early budget projections show the state could face a $2 billion deficit next year, according to a report released last week by the nonpartisan Legislative Analyst’s Office. That’s an improvement from the state faced last year, but the shortfall could still curtail the state’s ability to expand new programs and fight federal legal challenges. Legislative leaders in both chambers have said the state needs to stay prudent in anticipation of future budget deficits. Money for the new rebate system could come from the state’s Greenhouse Gas Reduction Fund, which is funded by polluters under the state’s cap-and-trade program, the governor’s office said. Officials didn’t say how much the program would cost or how the rebates would work. Newsom is expected to offer more details of the possible rebate program during an appearance in Kern County later Monday. California has surpassed 2 million zero-emission vehicles sold, according to Newsom’s office. The state has passed policies in recent years to transition away from fossil fuel-powered, , , and . Related Articles Trump previously vowed to end , which are worth up to $7,500 for new zero-emission vehicles. There’s also a $4,000 credit for used ones. But Trump later softened his stance as Tesla CEO Elon Musk became a supporter and adviser. Newsom said at a news conference last week that he called Trump after the election and the incoming president hasn’t returned his call. California’s defunct Clean Vehicle Rebate Program offered rebates on electric cars as high as $2,500. Any new rebate program “would include changes to promote innovation and competition” in the zero-emission vehicles market, the statement said.
If every state had primaries like Washington's, with candidates of all parties competing against each other, would our politics be less extreme? What if every state had an independent commission to draw legislative and congressional districts? Would our legislatures, our Congress, be more representative? Or what if we elected our national representatives using ranked choice voting, which Seattle voters adopted for city primary elections a couple of years ago? Would our politics be less partisan? U.S. Rep. Marie Gluesenkamp Perez thinks, or at least hopes, the answers to all these questions could be yes. Gluesenkamp Perez and U.S. Rep. Jared Golden, D-Maine, want to establish a select committee of 14 members of Congress to look at ways to reform our electoral processes in the hopes of reducing political polarization. Gluesenkamp Perez and Golden, both moderate Democrats, are among the dwindling few U.S. House members who represent districts carried by the presidential candidate of the opposite party. "I think an increasing number of the American population is viewing Congress as more partisan, more dysfunctional, less productive, and they have less confidence in the body," Gluesenkamp Perez said in an interview. "I think 90% of us agree on 90% of the issues, and yet we see a legislative policy that does not match our shared interests." The Electoral Reform Select Committee Act would convene a committee of lawmakers to look for alternatives to the ways we currently elect members of Congress. Because it is a House resolution, it would only need to pass the House for the committee to be created. The legislation has support from more than 170 political scientists, who wrote in support that "changing how we elect our representatives can promote cooperation, temper polarization, and generate more consensus-building in policymaking." The political scientists, in their letter, wrote that America has a long history of electoral reforms, even if they have been more rare in recent years. The House continuously grew in size, as the country grew in size, until a 1929 law froze it at 435 members. The House also had multimember districts, in some states, until a 1967 law required that representatives be elected in single-member districts. Jake Grumbach, a professor of public policy at the University of California, Berkeley, called the move to examine electoral reforms a step in the right direction but also only a first step. Grumbach, who has written a book on the effect of partisanship on political institutions, said our electoral systems were designed for a different age, when partisanship was much less important than it is now. "A huge amount of research suggests that US political institutions have become less functional in the age of nationalized politics and polarization," he wrote in an email. "Voter and media attention, political fundraising, as well as activist and party activity, have all transformed over the last generation, but US political institutions remain built for an age of localized and regional politics in which partisanship doesn't matter as much." The reforms the committee would look at, Grumbach said, wouldn't necessarily favor either party but would make it easier for voters to influence their elected representatives. Party primaries, for instance, with Democrats competing against Democrats and only Democrats voting (and the opposite for Republicans) often result in the most extreme candidate making it through. General election voters are then left with an extreme candidate from either side without one that may match their preferences. Only a small percentage of the electorate votes in primaries, "so the table is really kind of set before most of us get there," Gluesenkamp Perez said. "And I think having open primaries can deliver a less partisan approach." Establishing a committee to look at possible changes would only be a first step. And it is extremely difficult to make some of the changes the committee would consider. But, Grumbach said, "they won't ever happen if people don't start talking about them." Get local news delivered to your inbox!
‘Gladiator II’ review: Are you not moderately entertained?
The Dow Jones Industrial Average (DJIA) lurched into the high side on Monday, kicking the new trading week off with a fresh record high just a hair below the 44,800 handle. Investors bid up prices on rumors that the ongoing conflict between Israel and Hezbollah in Lebanon may have a ceasefire deal on the table. Closer to home, investors turned further bullish after pending president-elect Donald Trump tapped Scott Bessent as his future Treasury secretary when he returns to the White House in January. Investors hit the gas pedal on news that former President Donald Trump will pick Scott Bessent as his Treasury secretary. Scott Bessent is the founder of Key Square Group and a former partner at Soros Fund Management, making Bessent an odd choice for an incoming president who has routinely courted corners of the voting public laden with anti-Soros conspiracy theories.Investors hit the gas pedal on news that former President Donald Trump will pick Scott Bessent as his Treasury secretary. Scott Bessent is the founder of Key Square Group and a former partner at Soros Fund Management, making Bessent an odd choice for an incoming president who has routinely courted corners of the voting public laden with anti-Soros conspiracy theories. Despite equity markets rallying hard on the prospect of incoming President Donald Trump tapping a hedge fund manager for a federal oversight position, a notably bullish appointment for the equity field in general, former President Donald Trump’s track record of making dubious staff picks remains unchallenged: the Key Square Group’s fund performance has a notably volatile history. According to reporting from Reuters, institutional investors have fled Key Square Group in recent years, with the macro-focused hedge fund peaking over $5 billion in AUM in late 2017 and tumbling to a 2024 low of barely over $500 million. Despite Key Square Group opening its doors with seed funding from Soros Capital, Soros has reportedly withdrawn all funding from Bennet’s fund and now has no exposure to the investment vehicle. Although US officials dampening expectations and noting that a ceasefire deal hasn't been officially reached, markets are still optimistic that the geopolitical situation in the Middle East might stabilize later . According to an X (née Twitter) post from an AXIOS reporter, A US-proposed truce between Israel and Lebanon that would see Israeli troops withdraw from South Lebanon is set to be voted on, and presumably approved, by both sides in the coming days. Despite an overall uptick in investor sentiment on the prospect of cooling Middle East instability, Crude markets took a hard hit on the news, with West Texas Intermediate (WTI) US Crude Oil backsliding nearly 3% on Monday to $69/barrel. Dow Jones news Despite an early-week bid pin into a new record high, the Dow Jones is settling into a more reasonable stance for Monday, still trading on the high side but easing back from a record high near 44,800. Two-thirds of the major equity index are finding gains on the day, with the remaining third stuck on the red side of the day’s opening line. Nvidia (NVDA) missed out on Monday’s bullish push, falling another 3.3% and backsliding into $137 per share as investors continue to rebalance their sky-high expectations of the chipmaker. Despite reporting annual revenue growth figures north of 90% last week, bidders in the amorphous AI-tech rally expected more, and are balking at the prospect of Nvidia’s future revenue growth easing from 2025’s 112% forecast to a comparatively sluggish 49% in 2026. Dow Jones price forecast The Dow Jones’ Monday bid into a fresh record high near 44,800 has left the blue-chip index back on the high side of a near-term bull run, shrugging off a recent dip into the low well before any bearish technical could form. The Dow Jones is up nearly 19% bottom-to-top in 2024, and up an eye-watering 32% since daily candlesticks last touched the 200-day Exponential Moving Average (EMA) way back in November of 2023 near the 33,800 region. Dow Jones daily chart Risk sentiment FAQs In the world of financial jargon the two widely used terms “risk-on” and “risk off'' refer to the level of risk that investors are willing to stomach during the period referenced. In a “risk-on” market, investors are optimistic about the future and more willing to buy risky assets. In a “risk-off” market investors start to ‘play it safe’ because they are worried about the future, and therefore buy less risky assets that are more certain of bringing a return, even if it is relatively modest. Typically, during periods of “risk-on”, stock markets will rise, most commodities – except Gold – will also gain in value, since they benefit from a positive growth outlook. The currencies of nations that are heavy commodity exporters strengthen because of increased demand, and Cryptocurrencies rise. In a “risk-off” market, Bonds go up – especially major government Bonds – Gold shines, and safe-haven currencies such as the Japanese Yen, Swiss Franc and US Dollar all benefit. The Australian Dollar (AUD), the Canadian Dollar (CAD), the New Zealand Dollar (NZD) and minor FX like the Ruble (RUB) and the South African Rand (ZAR), all tend to rise in markets that are “risk-on”. This is because the economies of these currencies are heavily reliant on commodity exports for growth, and commodities tend to rise in price during risk-on periods. This is because investors foresee greater demand for raw materials in the future due to heightened economic activity. The major currencies that tend to rise during periods of “risk-off” are the US Dollar (USD), the Japanese Yen (JPY) and the Swiss Franc (CHF). The US Dollar, because it is the world’s reserve currency, and because in times of crisis investors buy US government debt, which is seen as safe because the largest economy in the world is unlikely to default. The Yen, from increased demand for Japanese government bonds, because a high proportion are held by domestic investors who are unlikely to dump them – even in a crisis. The Swiss Franc, because strict Swiss banking laws offer investors enhanced capital protection.
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Tyrese Hunter tossed in a game-high 26 points to lead Memphis to a 99-97 upset victory over No. 2 UConn on Monday in the first round of the Maui Invitational in Lahaina, Hawaii. Hunter, who played at Iowa State and Texas before transferring to Memphis, made eight field goals with 7-of-10 3-point shooting. The Tigers (5-0) connected on 12 of their 22 3-point attempts in the win. The loss ended a 17-game winning streak dating back to last season for UConn (4-1), the two-time defending national champions. UConn's Hassan Diarra made a free throw to cut the Memphis lead to 99-97 with 2.2 seconds left. He intentionally missed the second free throw and collected the loose ball, but his desperation shot was off the mark. It was 92-92 when UConn's Liam McNeeley was called for an offensive foul with 40.3 seconds left. UConn coach Dan Hurley received a technical for arguing the foul call, and PJ Carter made all four free throws to give the Tigers a four-point lead. Memphis, which squandered a 13-point lead with four minutes to play in regulation, received 22 points from PJ Haggerty, 19 from Colby Rogers and 14 from Dain Dainja. Memphis will play the winner of Monday night's game between Colorado and Michigan State in Tuesday's semifinals. UConn will face the loser of that contest. Tarris Reed Jr. had a team-high 22 points and a game-high 11 rebounds for UConn before he fouled out with 3:18 to play. He made 10 of his 13 field goal attempts. Alex Karaban added 19 points for the Huskies. Jaylin Stewart scored a career-high 16 points, Diarra had 12 and McNeeley added 10. UConn trailed 82-79 after Diarra made two free throws with 24.2 seconds to play in regulation. The Huskies then forced a turnover and tied the game on a 3-pointer by Solo Ball with 1.2 on the clock. Although Memphis shot 56.5 percent from the field (13 for 23) and 50 percent from 3-point territory (5 for 10) in the first half, the game was tied 40-40 after 20 minutes. Neither team led by more than six points in the half. UConn received 29 points from its bench in the first half. Reed scored 15 of those points and Stewart supplied the other 14. --Field Level Media