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IN BRIEF: • AI-driven payroll solutions streamline complex international payroll operations, reducing errors and enhancing efficiency. • Automating payroll processes with AI improves accuracy, compliance, and employee satisfaction. • AI-powered chatbots provide quick, accurate responses to payroll inquiries, simplifying workloads and enhancing the employee experience. M anaging payroll for a global workforce presents a myriad of challenges due to constantly evolving political, legal, social, and economic factors. These changes impact regulatory requirements and reporting, making it difficult to navigate diverse labor laws, tax regulations, data privacy standards, and payment procedures. Consequently, the dynamic conditions increase employee inquiries, complicating payroll management. Companies need efficient, accurate, and cost-effective methods to address these inquiries, enhancing employee satisfaction and trust. CHALLENGES OF GLOBAL PAYROLL MANAGEMENT Payroll errors and delayed responses can lead to fines, damage organizational reputation, and frustrate employees, affecting costs and related functions like recruitment and retention. While preventing errors is crucial, traditional methods for handling these challenges are often costly and ineffective. Businesses are ready for an innovation — a solution that offers something greater than the sum of its parts. Finding a time-efficient, cost-effective, innovative, and globally adaptable solution that can grow with the organization demands taking stock of the entire system and adding something more: an ecosystem approach. HOW AI CAN HELP Artificial intelligence (AI) presents a significant opportunity to transform payroll functions and enhance efficiency. By automating data collection and analysis, AI can identify trends and anomalies, providing real-time insights into payroll performance. This technology can help monitor payroll metrics, track progress against targets, and identify areas where additional investment or action is needed. By leveraging AI, companies can improve the accuracy and reliability of their payroll processes while freeing up time and resources for more strategic activities. CASE STUDY: AI-DRIVEN PAYROLL SOLUTIONS Many organizations face the challenge of managing complex international payroll operations. One company needed a quick and accurate communication platform with their employees that would answer country- and employee-specific payroll questions within a broader global payroll operations environment. Weighing the desired outcomes and challenges, the company implemented an AI-driven payroll chatbot. This chatbot addressed employee payroll questions efficiently and accurately, providing accessible answers to employee questions easily and quickly. The cloud-enabled development of a large language model helped create a payroll chatbot capable of answering complex employee questions. The chatbot solved the company’s payroll needs in a way that was efficient for them as the employer, but it was also incredibly effective and beneficial for their employees. After the initial launch of a pilot version, the company scaled it to an enterprise-ready payroll chatbot that answered complex payroll questions by using an underlying large language model and vast compliance data. This solution helped reduce the burden on the employer while personalizing the employee experience. In very real terms, there were improvements across the board in providing accurate answers to queries, employee satisfaction, and first call resolution. There was also an overwhelming decrease in cost to serve. This is just one example of how AI can help accelerate and improve payroll management while simplifying the workload. AN INTEGRATED GLOBAL PAYROLL SOLUTION Taking control and driving efficiency with an integrated global payroll solution involves transforming global payrolls through a unified managed services approach, integrating domestic, mobile, and global payroll services. A centralized, modular platform handles the complexities of an international workforce, connecting legal, advisory, and compliance knowledge for an integrated payroll experience. In today’s fast-paced world, where talent is the key resource, managing the payroll of an increasingly international workforce has become complex and time-consuming. The rapid pace of regulatory compliance, labor and privacy law changes, managing the life experience of employees, and the scarcity of payroll talent are just a few of the hurdles that organizations face. Traditional payroll models struggle to keep up with modern business demands and new ways of working. The risks of noncompliance, data privacy issues, and the high costs and inefficiency of managing multiple vendors are significant challenges. Taking initiative involves governance, oversight, and control. It means having single-process ownership across employee entitlement, compliance requirements, and pay distribution. This approach provides a unified view of data, reduces duplication, ensures consistent decisions and reporting, and offers a holistic view of talent and compliance, enabling organizations to plan. Driving efficiency requires providing direct access to all subject-matter-experts and enabling effective risk management across the entire employee population. It helps reduce cost and labor leakage that occurs with disparate vendors, duplication of effort, gaps in essential knowledge and process, and inadequate business controls. Additionally, it improves in-house technology and data assets. Planning enhances the employee experience through advanced technology, streamlined processes, and easy access to on-the-ground knowledge. It also reduces the cost of developing and modifying technology. THE FUTURE OF PAYROLL A next-generation payroll managed service approach combines global reach and deep capabilities, consistent multiservice integration, and direct access to teams across the globe. Across payroll, labor and employment law, and mobility, teams can work together collaboratively to meet workforce compliance needs wherever they are. Global processes, technology, and data models are smoothly integrated, providing a single, cohesive, high-quality service. Access to core service delivery without subcontracting to third parties helps ensure effective communication and improved performance. Being part of an ecosystem facilitates the provision of comprehensive solutions beyond payroll, leveraging deep knowledge to address unique challenges. Organizations can address global payroll operational and service challenges by leveraging AI technology to create innovative solutions, such as a payroll chatbot. The proper use of AI can help simplify employer workload, answer complex payroll employee queries, provide regulatory compliance information, and enhance employee experience, leading to increased operational efficiency. This article is for general information only and is not a substitute for professional advice where the facts and circumstances warrant. The views and opinions expressed above are those of the author and do not necessarily represent the views of SGV & Co. Aaron C. Escartin is a tax partner and Philippine Payroll Operate leader of SGV & Co.Radical Jaguar rebrand and new logo sparks ire online NEW YORK (AP) — A promotional video for a rebrand of British luxury car brand Jaguar is being criticized online for showing models in brightly colored outfits — and no car. The rebrand, which includes a new logo, is slated to launch Dec. 2 during Miami Art Week, when the company will unveil a new electric model. But Jaguar Land Rover, a unit of India’s Tata Motors Ltd., has been promoting it online. The Jaguar brand is in the middle of a transition to going all-electric. “Copy Nothing,” marketing materials read. “We’re here to delete the ordinary. To go bold. To copy nothing.” Trump has promised again to release the last JFK files. But experts say don’t expect big revelations DALLAS (AP) — The nation is set to mark 61 years since President John F. Kennedy was assassinated as his motorcade passed through downtown Dallas on Nov. 22, 1963. Even after over six decades, conspiracy theories about what happened that day still swirl and the desire to follow every thread of information hasn’t waned. President-elect Donald Trump made promises over the summer that if reelected he would declassify the remaining records. At this point, only a few thousand of millions of pages of records related to the assassination have yet to be fully released. And those who have studied what's been released so far say that the public shouldn’t anticipate any earth-shattering revelations even if the remaining files are declassified. Bitcoin is at the doorstep of $100,000 as post-election rally rolls on NEW YORK (AP) — Bitcoin is jumping again, rising above $98,000 for the first time Thursday. The cryptocurrency has been shattering records almost daily since the U.S. presidential election, and has rocketed more than 40% higher in just two weeks. It's now at the doorstep of $100,000. Cryptocurrencies and related investments like crypto exchange-traded funds have rallied because the incoming Trump administration is expected to be more “crypto-friendly.” Still, as with everything in the volatile cryptoverse, the future is hard to predict. And while some are bullish, other experts continue to warn of investment risks. NFL issues security alert to teams and the players' union following recent burglaries The NFL has issued a security alert to teams and the players’ union following recent burglaries involving the homes of Chiefs stars Patrick Mahomes and Travis Kelce. In a memo obtained by The Associated Press, the league says homes of professional athletes across multiple sports have become “increasingly targeted for burglaries by organized and skilled groups.” Law enforcement officials noted these groups target the homes on days the athletes have games. Players were told to take precautions and implement home security measures to reduce the risk of being targeted. Some of the burglary groups have conducted extensive surveillance on targets. Penn State wins trademark case over retailer's use of vintage logos, images PHILADELPHIA (AP) — Penn State has won a closely watched trademark fight over an online retailer’s use of its vintage logos and images. A Pennsylvania jury awarded Penn State $28,000 in damages earlier this week over products made and sold by the firms Vintage Brand and Sportswear Inc. Penn State accused the firms of selling counterfeit clothing and accessories. The defendants said their website makes clear they are not affiliated with Penn State. At least a dozen other schools have sued the defendants on similar grounds, but the Pennsylvania case was the first to go to trial. Defense lawyers declined to comment on the verdict and whether they planned an appeal. Has a waltz written by composer Frederic Chopin been discovered in an NYC museum? NEW YORK (AP) — A previously unknown musical work written by composer Frederic Chopin appears to have been found in a library in New York City. The Morgan Library & Museum says the untitled and unsigned piece is the first new manuscript of the Romantic era virtuoso to be discovered in nearly a century. Robinson McClellan, the museum’s curator, says he stumbled across the work in May while going through a collection brought to the Manhattan museum years earlier. He worked with outside experts to verify the document's authenticity. But there’s debate whether the waltz is an original Chopin work or merely one written in his hand. Volcano on Iceland's Reykjanes Peninsula erupts for the 7th time in a year GRINDAVIK, Iceland (AP) — A volcano on the Reykjanes Peninsula in southwestern Iceland is spewing lava from a fissure in its seventh eruption since December. Iceland's seismic monitors said the eruption started with little warning late Wednesday and created a long fissure but looked to be smaller than eruptions in August and May. Around 50 houses were evacuated after the Civil Protection agency issued the alert, along with guests at the famous Blue Lagoon resort, according to the national broadcaster. The repeated eruptions over the past year have caused damage to the town of Grindavík and forced people to relocate. Australian teen and British woman who drank tainted alcohol in Laos have died, bringing toll to 5 VIENTIANE, Laos (AP) — An Australian teenager and a British woman have died after drinking tainted alcohol in Laos in what Australia’s prime minister said was every parent’s nightmare. Officials earlier said an American and two Danish tourists also had died following reports that multiple people had been sickened in town popular with backpackers. Australian Prime Minister Anthony Albanese told Parliament that 19-year-old Bianca Jones had died after being evacuated from Vang Vieng, Laos, for treatment in a Thai hospital. Her friend, also 19, remains hospitalized in Thailand. Later Thursday, Britain said a British woman also died and the media in the U.K. identified her as 28-year-old Simone White. US ahead in AI innovation, easily surpassing China in Stanford's new ranking The U.S. leads the world in developing artificial intelligence technology, surpassing China in research and other important measures of AI innovation, according to a newly released Stanford University index. There’s no surefire way to rank global AI leadership but Stanford researchers have made an attempt by measuring the “vibrancy” of the AI industry across a variety of dimensions, from how much research and investment is happening to how responsibly the technology is being pursued to prevent harm. Following the U.S. and China were the United Kingdom, India and the United Arab Emirates. Pop star Ed Sheeran helps favorite soccer team sign player before getting on stage with Taylor Swift It turns out British pop star Ed Sheeran is also good at recruiting soccer players. Sheeran is a minority shareholder at English soccer team Ipswich Town and it needed his help over the summer to get a player to join the club. 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NoneShare to Facebook Share to Twitter Share to Linkedin This is the published version of Forbes' Future of Work newsletter, which offers the latest news for chief human resources officers and other talent managers on disruptive technologies, managing the workforce and trends in the remote work debate. Click here to get it delivered to your inbox every Monday! TOPSHOT - A migrant worker works on a farm in Homestead, Florida on May 11, 2023. Florida Governor Ron DeSantis signed an immigration bill that creates stricter laws for undocumented immigrants in the state of Florida. (Photo by CHANDAN KHANNA / AFP) (Photo by CHANDAN KHANNA/AFP via Getty Images) W hat impact will the incoming Trump Administration’s policies on immigration have on staffing and hiring for needed jobs—particularly the less desirable ones that immigrants, and especially undocumented ones, have long filled in this country? It’s a question that has caused much consternation and fear , and has led to warnings about troubling economic consequences. The New York Times , for instance, reported that when economists studied the effects of 400,000 deportations of unauthorized immigrants between 2008 and 2013, they found that for every 100 people removed from the labor market because of deportations, there were nine fewer jobs for U.S.-born workers. That may very well prove to be the case. But Forbes’ Brandon Kochkodin reports that, at least in Florida, the impact was different . A law in the Sunshine State that took effect last summer required businesses with 25 or more employees to use E-Verify, an online system run by the Department of Homeland Security in partnership with the Social Security Administration, to confirm the immigration status of new hires. Part of a broader effort to crack down on undocumented workers in the state, the law was criticized for placing extra burdens on small businesses, especially in agriculture, construction and hospitality, where finding workers was already difficult. But Kochkodin reports that so far, the critics have been wrong . According to the Bureau of Economic Analysis, the state’s gross domestic product increased by 9.2% last year, tops in the nation and outpacing the national average by nearly 3 percentage points. Of course, Trump has promised an immigration policy that's harsher than Florida’s, including mass deportations—something the state can’t do. The economic impact could be much, much bigger. But Kochkodin notes that Trump is a negotiator known for pushing for more to get what he wants or will settle for, and if deportations are more targeted—and at this point, it’s still anyone’s guess—Florida’s law and its impact could provide some insight. Read more of Kochkodin’s story here . ARTIFICIAL INTELLIGENCE The Department of Justice filed sweeping proposals last week that would force Google to sell off its popular Chrome browser, ban distribution contracts like the one Google has with Apple, or potentially bar Google from requiring Android phone makers to include Google apps on their devices, Forbes’ Richard Nieva reports . But there was more to the news: The government also included provisions that could hobble Google’s role in the future of AI, Nieva reported. Read more here . Can artificial intelligence be a decent manager? New research from the Wharton School at the University of Pennsylvania says yes. The study, conducted by professor Lindsey Cameron, looked at an existing example of workers overseen by an AI-powered manager: ride-hail drivers responding to apps such as Uber or Lyft. While mechanized management may seem like it lacks empathy, it works well for some roles, Cameron reported. Ride-hail drivers, for instance, actually enjoy working with their AI-driven apps, the research found. HUMAN CAPITAL Donald Trump’s incoming administration aims to make major cuts to the powers of the federal agency that protects unions, with corporations such as Elon Musk’s SpaceX hitting the National Labor Relations Board with lawsuits, and allies of the president-elect considering firing the board’s Democratic members, the Washington Post reported . Last week, SpaceX and Amazon, which is the nation’s second-largest private employer, argued in federal court that the NLRB’s structure is unconstitutional. HYBRID WORK Think hybrid work innovations are just for small, cutting-edge companies? Think again. Bloomberg examined how Allstate, the nearly 100-year-old insurance giant, has ditched two-thirds of its office space and sold its Chicago headquarters, replacing it with offices for about a quarter of the company’s employees that are booked by the day through a coworking platform known as LiquidSpace. “Allstate is trying to thread the needle with a mix of options that keep flexibility a priority,” writes Bloomberg’s Matthew Boyle. WHAT’S NEXT: MERCOR COFOUNDER BRENDAN FOODY Mercor cofounder Brendan Foody. Forbes spoke recently with Brendan Foody, 21, one of the cofounders of AI-powered jobs marketplace Mercor, which recently raised a $32 million Series A led by Benchmark with high-profile investors like Peter Thiel, Twitter cofounder Jack Dorsey and former Treasury Secretary Larry Summers. Mercor uses AI to vet and interview job candidates in hopes of building what Foody calls a “global unified labor market,” and he says it’s on track to grow 5000 percent this year. (No, there’s not an extra zero there.) Excerpts from the interview below have been edited for length and clarity. Let’s start with getting just a big picture idea of some of the ways you see tools like this changing the way people go about searching for a new role. The heart of the inefficiency in how people find jobs is that a given candidate only applies to a couple dozen jobs or even a handful, and a given company only considers a fraction of a percent of the people in the market. The reason for that is there’s this matching problem that needs to be solved manually. People need to manually review resumes, manually conduct interviews, and have these conversations to figure out who's a good fit to go where. But when you're able to build technology that can solve this matching problem at the cost of software, it makes way for a global unified labor market that's far more efficient, where every candidate takes an interview with one company and every company hires from that one centralized platform. We have a strong conviction in this centralization thesis. It'll make sense that in ten years everyone's applying to one platform. Every company is hiring from one platform, and we want to be that platform. The secret sauce behind our business is predicting how well some will perform in a job better than a human can. ... We collect all the data on who's getting promoted, who's getting dismissed, who's getting bonuses because all of that is flowing through our platform. So LinkedIn is seen as a competitor, right? Yeah, I think in a lot of ways. But LinkedIn is only focused on this very thin layer of what are the companies [where] someone's worked. Our focus is how can we build—get so much information on someone—that we we're able to predict how well they [will] perform on a job. What kind of roles do you hire for? We're still very focused on contract roles because that's where there’s a high ratio of the cost of assessing talent proportional to how long they're in the role. ... The top [job category] is code, but we also have a very significant presence in finance, consulting, law, accounting, PhDs in various disciplines like biology, physics, chemistry. How often are humans not part of the interview process? Very frequently. That's the way we do most hiring. Where do you go next after contract roles? The way that you would hire a great contract consultant is not that different from the way you would hire a great full-time consultant. ... We’re very much planning on moving into all full-time roles. Everything that you could assess via a Zoom interview the models will be good at assessing. This includes software engineering, and most knowledge work. The thing it might not include is executive jobs. [One of our investors] has studied a lot of labor marketplaces and he's realized that there's a 50 to 1 ratio of applicants relative to people that get jobs in the average labor marketplace. It creates this challenge as your scaling: Most people aren't getting jobs. But if you're able to create intrinsic value for the applicant, regardless of whether they get a job, it allows you to grow much more quickly and allow hundreds of millions of people to come onto the platform but still have good experiences. So we’re pumping a lot of money into giving away free AI mock interviews, free AI resumé feedback and eventually, free AI career advice. How does it work? They would pay us per hour that someone works. We take a percentage, then we pay the contractor that's working with [the company] on this staffing arrangement. It might be they're paying $100 an hour for [a consulting job], and we take a 30% fee and then pay $70 [an hour] to the person. The reason we're so focused on that structure is that for us, the North Star is predicting who's going to perform well on jobs. So we want all the business logic of who's getting bonuses for what reasons and who's getting promoted for what reasons, which translates into better predictions. FACTS + COMMENT The New York Times examined a new report from the Burning Glass Institute that looks at so-called “ launchpad jobs ,” or promising starter jobs that opened doors to larger career paths. The report examined job-site profiles, government data and surveys to compile career histories of more than 65 million American workers, the Times reported. The research was commissioned by the nonprofit American Student Assistance, which offers online career readiness tools and information. 1 in 5: The ratio of workers with only a high school diploma that earned more than $70,000 a year—above the median income of college graduates—by the age of 40 73 : The number of “launchpad jobs” identified by the report, which include bank teller, pharmacy aide, telemarketer and flight attendant “The real power of a launchpad job is what it can lead to, the next job and the one after that”—Matt Sigelman, president of the Burning Glass Institute, to the New York Times STRATEGIES + ADVICE Open enrollment season is almost over. Here are five resources to craft competitive work-family employee benefits next year. A professor of ethics and finance shares how businesses can prepare for the incoming Trump Administration and balance the pursuit of profit with ethical practices. Here are three skills leaders can use to navigate post-election tension at work. VIDEO QUIZ In an op-ed for the Wall Street Journal, who called for a full-time return to office for federal employees? Washington Post owner Jeff Bezos and CEO William Lewis Elon Musk and Vivek Ramaswamy President-elect Donald Trump Vice President-elect JD Vance Check out if you got the answer right here . Editorial Standards Forbes Accolades Join The Conversation One Community. Many Voices. Create a free account to share your thoughts. Forbes Community Guidelines Our community is about connecting people through open and thoughtful conversations. We want our readers to share their views and exchange ideas and facts in a safe space. In order to do so, please follow the posting rules in our site's Terms of Service. We've summarized some of those key rules below. Simply put, keep it civil. 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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. 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. Listen now and subscribe: Apple Podcasts | Spotify | RSS Feed | SoundStack | All Of Our Podcasts 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.” Former Associated Press journalist Alex Sanz contributed to this report.The distinguished economist Manmohan Singh, who has died aged 92, was one of India’s longest serving prime ministers (and the first Sikh to hold the office), yet he never won a direct parliamentary election. After nearly two decades as an economic bureaucrat, Singh was often seen as more of a civil servant than a politician. Unlike India’s more charismatic leaders, he humbly admitted to being a poor public speaker. Yet, as India’s finance minister (1991-96) this unlikely politician played a crucial role in the economic reforms that led to the rapid growth of India’s GDP. Then, as prime minister from 2004, he forged a new relationship with the US, ended India’s nuclear isolation and passed groundbreaking social legislation. In all this, he was bolstered by his reputation for absolute honesty, a considerable asset in the world of Indian politics. The son of Amrit Kaur and Murmuk Singh, and one of 10 children, he was born in the village of Gah, in the North West Province of what is now Pakistan . His father dealt in dried fruit imported from Afghanistan. At partition, the family made the perilous journey through the Muslim-dominated West Punjab to the Sikh holy city of Amritsar. Singh graduated from Punjab University and went on to study in the UK, at St John’s College, Cambridge, where he received a first in economics – the only student to achieve this distinction in his final year. Later he would return to Britain for a DPhil at Nuffield College, Oxford. At Cambridge, he was influenced by two renowned economists and socialists, Joan Robinson and Nicholas Kaldor. Both held Singh in high regard. Robinson, his supervisor, described him as “very quiet and gentle in manner ... [with] a determined resistance to bunkum of all kinds”. Kaldor, similarly impressed, recommended Singh to India’s finance minister for a position. Singh had other ideas: becoming first an academic before working for the UN. Eventually he ended up in India’s finance ministry. During his civil service career, including a tenure as governor of the Reserve Bank of India (1982-85), Singh implemented the Congress party’s leftwing economic policies. While civil servants are expected to remain impartial, Singh agreed with some government decisions, later telling his daughter Daman, a journalist and author, that nationalising India’s banks was “a good idea at the time”. Yet his own thinking – articulated decades earlier in his Oxford thesis – was essentially liberal, emphasising the importance of foreign trade and greater openness to the world economy for India’s development. Such an analysis became a virtue in 1991 when the then prime minister, Narasimha Rao , in the midst of an economic crisis, decided to accept IMF conditions for a massive loan in order to prevent India defaulting on its payments. The conditions included the end of India’s infamous web of bureaucratic controls and an across-the-board reduction of import tariffs as well as severe cuts in welfare spending and subsidies. Rao appointed the apolitical Singh as finance minister, thinking no politician would risk his future by implementing the unpopular IMF conditions. The reforms that followed were one reason for the defeat of the Congress party in 1996. While Congress was out of power, Singh was leader of the opposition in the upper house of parliament. In the 2004 election Congress, under the leadership of Sonia Gandhi, widow of the assassinated prime minister Rajiv Gandhi , won enough seats to form a coalition government and she, instead of taking the role herself, nominated Singh to be prime minister. It was clear that ultimate power rested with Gandhi. However, Singh did defy her when he insisted on ratifying an agreement with the US intended to end the international ban on selling civilian nuclear equipment and technology to India. Gandhi feared opposition to the agreement would split the coalition and the government would fall. But Singh pressed ahead, pushing it through parliament by a narrow majority. His reputation for honesty was a factor in Congress’s improved performance in the 2009 general election. However, during his second term, corruption in the preparations for hosting the 2010 Commonwealth Games and in the allocation of licences to run mobile phone networks (the “2G spectrum scam”) led to questions about whether Singh was tolerating dishonesty in his government. Throughout his two terms in office, Singh’s position was weakened by his dependence on the support of smaller parties in the coalition. As prime minister he made his disapproval of the plan to allocate the phone network licences clear, but the telecommunications minister was allowed to go ahead because his party threatened to pull out of the coalition. Pressure from coalition parties delayed economic reforms that Singh favoured, which would have introduced more foreign competition in banking, insurance, retail, and other businesses. He had to go slower than he wanted on privatising nationalised industries. He also had reservations about Gandhi’s pro-poor policies, which she insisted were necessary to combat the impression that the economic reforms only benefited the prosperous. In particular, he was concerned about the cost and effectiveness of a scheme guaranteeing employment to the jobless in rural India. But he did not oppose it. His former press adviser wrote of the Gandhi-Singh diarchy that “while power was delegated, authority was not”. For 20 years as a bureaucrat and more than 30 years as a politician, Singh played a vital role in India’s economic history. As a bureaucrat he was never an out-and-out socialist; as a politician he did not fall head over heels for the market. His partnership with Gandhi, and it was more of a partnership than was generally realised, kept two fractious coalition governments in power, governments that passed important social and economic legislation. But Singh did not acquire his own power base and remained a Congress party loyalist. Although he announced he would not remain India’s PM after the 2014 election, in opposition he continued to serve as a member of the upper house of the Indian parliament until April this year. Indian politics is a rough trade, and Singh was known more as a thinker than a brawler. The last decade, however, was marked by acrimonious exchanges between Singh and his successor Narendra Modi . Modi, a Hindu nationalist strongman, questioned his predecessor’s honesty in a “corrupt government” and even claimed that he had “colluded” with India’s arch-rival Pakistan. Both allegations were met by blistering denials. In return Singh was critical of his successor’s economic policies, describing Modi’s 2016 overnight decision to render worthless 86% of Indian banknotes “a case of organised loot, legalised plunder of the common people”. He also attacked Modi’s silence in 2018 when one of his party’s elected representatives was accused of raping a teenager. Singh, who came from a religious minority, was aware of the need for mutual respect in India and was appalled by Modi’s rhetoric. During this year’s Indian elections, Singh said of Modi that “no [Indian] prime minister in the past has uttered such hateful, unparliamentary and coarse terms, meant to target either a specific section of the society or the opposition”. Singh was a transformative figure in Indian history. Not only was he the architect of India’s economic reforms, but in 2009 he became the first sitting prime minister in almost half a century to have completed a full term and seen his party re-elected with a bigger majority. He is survived by his wife, Gursharan Kaur, whom he married in 1958, and their daughters, Upinder, Daman and Amrit. Manmohan Singh, economist and politician, born 26 September 1932; died 26 December 2024Waterfront discounts: Sydney suburbs where property values are falling fastestFairfield and Vacaville police several other law enforcement agencies from across the county to arrest 28 civilian protesters at Travis Air Force Base on Thursday morning. At about 6:30 a.m., approximately 50 protesters arrived at Travis Air Force Base to protest what the department described as “issues in the Middle East.” Protesters indicated they were there to protest U.S. involvement in the conflict in Gaza, according to multiple news outlets. The group is protesting the U.S. supply of weapons to the region. “Participants were advised that, while peaceful protests were entirely within the exercise of their constitutional rights, they could not block the roadway,” the department said. “Several protestors ignored this instruction, spilling out into the road and intentionally blocking access to the base.” Six citizens were arrested at the south gate, 20 were arrested at the main gate and two were arrested at the north gate. Deputies from the Sheriff’s Department were also involved with arrests.
NoneGreat Osobor scored 12 points, grabbed six rebounds and had three assists in 18 minutes of playing time as Washington wrapped up nonconference action with a 90-53 rout of NJIT on Sunday afternoon in Seattle. Zoom Diallo came off the bench to contribute 12 points and a game-high five assists for the Huskies (9-4), and Wilhelm Breidenbach, who missed Monday's 79-70 upset loss to Seattle U., added 10 points and five rebounds. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. As property values continue to outpace inflation, property taxes are taking a bigger bite out of homeowners’ wallets. A new analysis from Construction Coverage breaks down property tax rates by state, county, and city to reveal where homeowners have the greatest burden. Click for more. Where Are U.S. Property Taxes Highest and Lowest? A State, County, and City AnalysisKingsview Wealth Management LLC lifted its holdings in shares of Kinross Gold Co. ( NYSE:KGC – Free Report ) (TSE:K) by 93.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 24,945 shares of the mining company’s stock after buying an additional 12,058 shares during the period. Kingsview Wealth Management LLC’s holdings in Kinross Gold were worth $233,000 at the end of the most recent reporting period. Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. raised its position in Kinross Gold by 5.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,267,312 shares of the mining company’s stock worth $124,276,000 after acquiring an additional 642,007 shares during the period. Mackenzie Financial Corp boosted its holdings in Kinross Gold by 6.2% in the 2nd quarter. Mackenzie Financial Corp now owns 10,959,397 shares of the mining company’s stock worth $91,255,000 after buying an additional 643,013 shares during the last quarter. National Bank of Canada FI increased its stake in Kinross Gold by 31.2% during the 2nd quarter. National Bank of Canada FI now owns 9,542,209 shares of the mining company’s stock worth $78,946,000 after buying an additional 2,267,999 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Kinross Gold by 25.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,758,027 shares of the mining company’s stock worth $72,867,000 after buying an additional 1,777,076 shares in the last quarter. Finally, Artemis Investment Management LLP raised its holdings in shares of Kinross Gold by 28.0% during the third quarter. Artemis Investment Management LLP now owns 8,567,435 shares of the mining company’s stock valued at $80,191,000 after acquiring an additional 1,871,939 shares during the last quarter. Hedge funds and other institutional investors own 63.69% of the company’s stock. Wall Street Analyst Weigh In Several research firms recently commented on KGC. StockNews.com raised Kinross Gold from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 9th. Scotiabank raised their price target on shares of Kinross Gold from $9.50 to $11.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. Finally, Jefferies Financial Group upped their price objective on shares of Kinross Gold from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Friday, October 4th. One analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Kinross Gold has a consensus rating of “Buy” and an average target price of $11.13. Kinross Gold Stock Down 0.9 % NYSE KGC opened at $9.71 on Friday. The business’s fifty day simple moving average is $9.93 and its 200-day simple moving average is $9.00. The company has a quick ratio of 0.63, a current ratio of 1.61 and a debt-to-equity ratio of 0.18. The firm has a market cap of $11.93 billion, a PE ratio of 15.92, a P/E/G ratio of 0.44 and a beta of 1.22. Kinross Gold Co. has a 52 week low of $4.75 and a 52 week high of $10.82. Kinross Gold ( NYSE:KGC – Get Free Report ) (TSE:K) last issued its earnings results on Tuesday, November 5th. The mining company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. Kinross Gold had a net margin of 15.23% and a return on equity of 11.49%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the firm earned $0.12 earnings per share. Kinross Gold’s quarterly revenue was up 29.9% compared to the same quarter last year. As a group, equities analysts anticipate that Kinross Gold Co. will post 0.7 earnings per share for the current year. Kinross Gold Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 28th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.12 annualized dividend and a yield of 1.24%. Kinross Gold’s dividend payout ratio (DPR) is 19.67%. About Kinross Gold ( Free Report ) Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania. The company operates the Fort Knox mine and the Manh Choh project in Alaska, as well as the Round Mountain and the Bald Mountain mines in Nevada, the United States; the Paracatu mine in Brazil; the La Coipa and the Lobo-Marte project in Chile; the Tasiast mine in Mauritania; and the Great Bear project in Canada. Further Reading Want to see what other hedge funds are holding KGC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kinross Gold Co. ( NYSE:KGC – Free Report ) (TSE:K). Receive News & Ratings for Kinross Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinross Gold and related companies with MarketBeat.com's FREE daily email newsletter .
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