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is sport betting a sin What happens when you combine the satiric spirit of filmmaker Mel Brooks and cram into a parody of the galaxy exploring No Man’s Sky ? You get something like Journey to the Savage Planet , a funny, world conquering blaster fest that proves Ian Malcolm’s chaos theory of colonization while also providing a healthy dose of good, ol’ fashioned fart jokes. Unfortunately, the game’s original studio Typhoon Studios got swallowed up and spat out when Google closed down its Stadia Games and Entertainment division and all of its studios in 2019. Fortunately for us, some of those developers got back together, formed a new outfit called Raccoon Logic, raised some investment money from Tencent and took back the rights to their game for a brand new adventure. A sequel called Revenge of the Savage Planet is on its way to PC, Xbox Series X/S and PS5 in May of next year and a trailer just popped up during the PC Gaming Show. Revenge of the Savage Planet appears to be sticking to its roots as a comedy adventure game about ruthless corporations battling the forces of nature across the galaxy for more territory it can call its own. The trailer features the return of Martin Tweed, the ruthless CEO of Kindred Technologies. There’s also a new FMV character in the trailer called Gunther Harrison, another ruthless CEO from a rival corporation called Alta Interglobal, who looks like a cross between Megamind and Morbo from Futurama. The new game can be played in solo or co-op mode. There are chances to uncover secrets, battle alien beasts and build your own colony on these worlds. There’s also a lot of flying slime, silly violence and savage attacks on corporate colonization thrown into the mix. If that’s what you liked about the first version, then it looks like there’s plenty more where that came from with Revenge of the Savage Planet .VANCOUVER, British Columbia, Dec. 02, 2024 (GLOBE NEWSWIRE) -- MAX Power Mining Corp. ( CSE: MAXX ; OTC: MAXXF ; FRANKFURT: 89N ) (" MAX Power ” or the " Company ”) reports that it closed the previously announced non-brokered private placement (originally announced on November 21, 2024 and increased on November 26, 2024). Pursuant to the offering (the "Offering") the Company issued an aggregate of 6,000,000 units (the "Units") at a price of $0.20 per Unit for gross proceeds to MAX Power of $1,200.000. Mr. Mansoor Jan, MAX Power CEO, commented: "We welcome new strategic investors to MAX Power and we thank all shareholders for their continued support of an increasingly prolific opportunity in the Natural Hydrogen space with our sharp focus on Saskatchewan. I'm returning to the province the week of December 9 as we further advance important initiatives on multiple fronts.” Private Placement Terms Each Unit will consist of one common share in the capital of the Company and one-half of one non-transferable common share purchase warrant (each whole common share purchase warrant, a "Warrant”). Each whole Warrant will be exercisable to acquire one share at an exercise price of $0.30 per share for a period of 24 months from the date of issuance, subject to an acceleration right. Acceleration Clause If, at any time after the date of issuance of the Warrant, the closing price of the Company's common shares on the CSE (or such other stock exchange on which the common shares may be traded from time to time) is at or above C$0.45 per share for a period of 10 consecutive trading days (the "Triggering Event”), in which event the Company may, within 5 days of the Triggering Event, accelerate the expiry date of the Warrants by giving notice thereof to the holders of the Warrants, by way of news release, and in such case the Warrants will expire on the first day that is 30 calendar days after the date on which such notice is given by the Company announcing the Triggering Event and all rights of holders of such Warrants shall be terminated without any compensation to such holder. Use of Proceeds The Company plans to use the net proceeds of this financing for exploration, evaluation and potential acquisition of additional properties, general and administrative expenses which will include funds for marketing and investor relations fees, and cash for working capital. Additional Details The Offering was made to purchasers who are residents in each of the Provinces of Canada, except Quebec, pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions (the "Exemption"). In accordance with the Exemption and applicable Canadian securities laws, the securities issued pursuant to the Offering are not subject to any statutory hold period. The amended and restated offering document (the "Offering Document”) related to the Offering can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at: www.MaxPowerMining.com . In connection with the Offering, the Company paid finder's fees consisting of (i) cash finder's fees of $24,710 and (ii) 123,550 finder warrants ("Finder's Warrant”) issued pursuant to the Offering, exercisable at a price of $0.30 per common share for a period of 24 months following the closing date of the Offering which will also be subject to the above acceleration clause. The Finder's Warrants will be subject to a hold period of four months. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the "1933 Act") or under any U.S. state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act, as amended, and applicable state securities laws. Stock Option Grant The Company has granted a total of 700,000 stock options to a director and a consultant of the Company. 400,000 stock options will have an expiry of 3 years and an exercise price of $0.25 cents. 300,000 stock options will have an expiry of 3 years and an exercise price of $0.35 cents. About MAX Power MAX Power is an innovative mineral exploration company focused on North America's shift to decarbonization. MAX Power has made an early entry in the rapidly growing Natural Hydrogen sector, through strategic alliances with Calgary-based Chapman Hydrogen & Petroleum Engineering Ltd., and European- based Larin Engineering HHC. MAX Power also holds a portfolio of properties in the United States and Canada focused on critical minerals. These properties are highlighted by a recent diamond drilling discovery at the Willcox Playa Lithium Project in southeast Arizona. On behalf of the Board of Directors "Mansoor Jan” CEO MAX Power Mining Corp. MarketSmart Communications at 877-261-4466. Company Contact [email protected] , 778-655-9266 NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Forward-Looking, Cautionary Statements This press release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words "anticipate”, "plan”, "continue”, "expect”, "estimate”, "objective”, "may”, "will”, "project”, "should”, "predict”, "potential” and similar expressions are intended to identify forward looking statements. In particular, this press release contains forward looking statements concerning, without limitation, statements relating to the Offering (including with respect to the timing and closing of the Offering); use of proceeds of the Offering; securing additional exploration and development claims; the exploration and development of the Company's claims and properties and the potential value of such properties to the Company and its shareholders. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with the receipt of regulatory or shareholder approvals, and risks related to the state of financial markets or future metals prices. Management has provided the above summary of risks and assumptions related to forward looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company's future operations. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward-looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise. Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.Steel Dynamics, Inc. ( NASDAQ:STLD – Get Free Report ) announced a quarterly dividend on Friday, November 8th, RTT News reports. Investors of record on Tuesday, December 31st will be paid a dividend of 0.46 per share by the basic materials company on Friday, January 10th. This represents a $1.84 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Tuesday, December 31st. Steel Dynamics has raised its dividend by an average of 19.4% annually over the last three years and has increased its dividend annually for the last 12 consecutive years. Steel Dynamics has a dividend payout ratio of 19.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Steel Dynamics to earn $10.23 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 18.0%. Steel Dynamics Trading Down 1.1 % Shares of STLD stock opened at $115.77 on Friday. Steel Dynamics has a fifty-two week low of $104.60 and a fifty-two week high of $155.56. The firm has a market capitalization of $17.63 billion, a P/E ratio of 10.48 and a beta of 1.31. The stock’s fifty day moving average is $134.41 and its two-hundred day moving average is $127.12. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.26 and a current ratio of 2.39. Analysts Set New Price Targets STLD has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price target on Steel Dynamics from $129.00 to $134.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Morgan Stanley reduced their price target on Steel Dynamics from $138.00 to $131.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 18th. The Goldman Sachs Group initiated coverage on shares of Steel Dynamics in a report on Monday, December 2nd. They issued a “neutral” rating and a $155.00 price objective for the company. Bank of America raised shares of Steel Dynamics from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $140.00 to $155.00 in a research note on Tuesday, October 1st. Finally, BMO Capital Markets increased their price target on shares of Steel Dynamics from $130.00 to $135.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Steel Dynamics presently has a consensus rating of “Hold” and an average target price of $144.25. View Our Latest Stock Report on STLD Insider Buying and Selling at Steel Dynamics In other news, VP Chad Bickford sold 2,000 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $134.86, for a total transaction of $269,720.00. Following the completion of the transaction, the vice president now directly owns 17,100 shares in the company, valued at $2,306,106. This trade represents a 10.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website . Also, SVP Glenn Pushis sold 17,941 shares of the business’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $133.09, for a total value of $2,387,767.69. Following the completion of the sale, the senior vice president now owns 146,693 shares in the company, valued at $19,523,371.37. This represents a 10.90 % decrease in their position. The disclosure for this sale can be found here . Insiders sold a total of 28,591 shares of company stock worth $3,885,938 over the last three months. Insiders own 6.00% of the company’s stock. Steel Dynamics Company Profile ( Get Free Report ) Steel Dynamics, Inc, together with its subsidiaries, operates as a steel producer and metal recycler in the United States. The Steel Operations segment offers hot rolled, cold rolled, and coated steel products; parallel flange beams and channel sections, flat bars, large unequal leg angles, and reinforcing steel bars, as well as standard strength carbon, intermediate alloy hardness, and premium grade rail products; engineered special-bar-quality products, merchant-bar-quality products, and other engineered round steel bars; channels, angles, flats, merchant rounds, and reinforcing steel bars; and specialty shapes and light structural steel products. Featured Articles Receive News & Ratings for Steel Dynamics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Steel Dynamics and related companies with MarketBeat.com's FREE daily email newsletter .

(Bloomberg) -- Asian stocks are set to follow the positive lead from Wall Street where a rally in the world’s largest technology companies drove stocks to fresh all-time highs. Futures show benchmarks in Tokyo, Shanghai and Sydney are set to rise at the open, while Hong Kong looks flat. Currency markets are in the spotlight, with the dollar snapping a three-day losing streak after President-elect Donald Trump’s warning to BRICS nations. French bonds and stocks came under renewed pressure while the euro fell as much as 1.1% amid the nation’s political turmoil. In the US, the S&P 500 notched its 54th closing record this year in a “narrow” advance that saw just a few groups ending higher. The tech-heavy Nasdaq 100 rose more than 1%, Tesla Inc. led gains in megacaps and Apple Inc. hit a fresh peak. Traders are bracing for a barrage of economic data and remarks from Federal Reserve speakers that will help shape the outlook for interest rates. Treasuries pared losses on Monday after Fed Governor Christopher Waller said he’s inclined to vote for a rate cut in December, with swaps pricing in more than 70% of a quarter-point cut this month. The highlight this week is Friday’s payrolls report, which is expected to show US hiring jumped in November after hurricanes and a major strike undercut job growth a month earlier. On Wednesday, Fed Chair Jerome Powell participates in a moderated discussion, and investors will await any assessment of the job market and inflation as well as clues to whether the central bank will lower rates in December. “This week is the last truly important economic data week of 2024,” said Tom Essaye at The Sevens Report. “If results are ‘Goldilocks,’ then investors will expect a soft landing and a December rate cut.” The S&P 500 added 0.2%. The Nasdaq 100 rose 1.1%. The Dow Jones Industrial Average fell 0.3%. Treasury 10-year yields advanced two basis points to 4.19%. In a move that escalated a campaign to contain Beijing’s technological ambitions, but stopped short of earlier proposals that would have sanctioned more key Chinese firms, the US unveiled new restrictions on China’s access to vital components for chips and AI. The Department of Commerce slapped fresh curbs on the sale of high-bandwidth memory chips made by US and foreign companies, likely affecting South Korea’s SK Hynix Inc. and Samsung Electronics Co. as well as Idaho-based Micron Technology Inc. In China, investors hungry for signs of stimulus to boost the sub-par economy have been put on edge after the Communist Party’s elite decision-making body skipped releasing a readout for its regular November meeting. Investors are now turning their attention to this month’s Politburo assembly — one of three annually to normally focus on economic policy. In Europe, Marine Le Pen pledged to topple Prime Minister Michel Barnier’s government after he failed to meet her demands on a new budget, threatening financial and political disruption for France. Buoyant Mood Back on Wall Street, the mood remains buoyant. The Fed’s Waller said he’s inclined to vote for another reduction in interest rates when officials meet later this month, though data due before then could make the case for holding them steady. The optimism is in stark contrast to a year ago, when equity investors and strategists were bracing for a potentially turbulent 2024, worrying about the risk of a hard landing for the US economy and rate cuts that could come too late to prevent it. Few anticipated that the S&P 500’s annual gain would be among the best in history. “We now find ourselves in the middle of this ‘Goldilocks’ zone, where economic health supports earnings growth while remaining weak enough to justify potential Fed rate cuts,” said Mark Hackett at Nationwide. “December continues the seasonal tailwind, historically delivering the second-best performance behind November. Other technical tailwinds for the market include financial conditions, sentiment, momentum, and breadth.” December has usually been a stronger month when the market enters the month up solidly year-to-date, according to Bespoke Investment Group. In the 22 years that the S&P 500 has been up more than 20% in the year through November, the index has averaged a gain of 1.77% in December — with positive returns 77.3% of the time, Bespoke noted. While the gauge has fallen in December just five of 22 times when it has been up over 20% through November, three of those five December drops came during election years (1936, 1980, 1996). Corporate Highlights: Key events this week: Some of the main moves in markets: Stocks Currencies Cryptocurrencies Bonds More stories like this are available on bloomberg.com ©2024 Bloomberg L.P.Police say they’ve arrested several people following an anti-NATO protest that included two car fires and left some businesses with smashed windows. Montreal police say they made at least three arrests following a demonstration that began late afternoon Friday. Police say that during the march, smoke bombs were deployed, metal barriers were thrown into the street and windows of businesses and at the convention centre were smashed. Delegates from NATO member states and partner countries are in Montreal this weekend to discuss issues including support for Ukraine, climate change and the future of the alliance. The protest was planned by the groups Divest for Palestine and the Convergence of Anti-Capitalist Struggles, who did not immediately respond to requests for comment Saturday. Foreign Affairs Minister Mélanie Joly condemned the protests in a Saturday morning post on social media platform X, saying that “rioting is not peaceful protest and has no place in Montreal or anywhere in Canada.” “Those who spread hate and antisemitism, use violence, loot and destroy property must be condemned and held accountable,” she added. Police spokesperson Manuel Couture says the demonstrators were completely dispersed at around 7 p.m. This report by The Canadian Press was first published Nov. 23, 2024.

In Pictures: Jimmy Carter continued campaigning long after leaving powerActress Laura Benanti put her hatred for her former co-star Zachary Levi on full display, attacking the Shazam! star in a recent podcast appearance saying “Fuck you forever.” Benanti and Levi co-starred on Broadway in the Tony Award-winning 2016 musical revival, She Loves Me , but the great success of the stage show apparently did not translate to a friendship between the two stars as during a recent appearance on the That’s a Gay Ass Podcast , Benanti gave Levi both barrels. The Gossip Girl star said everyone loved Levi except her. “He’s so great!’ And I was like, ‘No, he’s not. He’s sucking up all the fucking energy in this room. He wants to mansplain everybody’s part to them,” Benanti insisted, according to The Hollywood Reporter . She continued to describe how she felt about his presence during the Broadway show, saying Levi “really sucked everybody in with his, like, dance party energy. Like, ‘We’re doing a dance party at half-hour.’ I was like, ‘Good luck. Have fun.'” Benanti went on to say that she was especially enraged when Levi ascribed the death of Broadway actor Gavin Creel to a cancer “turbo charged” by the COVID-19 vaccine. After the 48-year-old actor’s death from metastatic melanotic peripheral nerve sheath sarcoma, a rare and aggressive form of cancer, the Shazam star said he thinks that Creel’s death is tied to the COVID vaccine and during an Instagram Live event Levi insisted, “You better believe that, with everything in me, I believe that if these COVID vaccinations were not forced on the American public, that the theaters weren’t being pushed and leveraged.” Levi, an open supporter of Donald Trump and a COVID skeptic, has faced much criticism from Hollywood for his political stance, and Benanti in particular said she was furious that Levi used Creel’s death to expound on politics. “To use his memory for his political agenda and to watch him try to make himself cry until he had one single tear, which he did not wipe away, I was like, ‘Fuck you forever,” Benanti said on the podcast. Levi fully came out of the Hollywood closet during the 2024 and identified openly as a Trump supporter, endorsing the former president in September. In October, for instance, he urged conservatives in Hollywood to stop hiding and speak out. And this weekend, he defended his endorsement of Donald Trump in a visit to Bill Maher’s Club Random podcast. Follow Warner Todd Huston on Facebook at: facebook.com/Warner.Todd.Huston , or Truth Social @WarnerToddHuston

Kamikaze drones, or loitering munitions, are revolutionizing modern warfare with their unique blend of stealth, accessibility, and deadly precision. These drones are difficult to detect, inexpensive to produce, and disturbingly easy to deploy, allowing even smaller groups to access cutting-edge military technology. Designed to loiter in the air before targeting and striking with explosive payloads, they can blend seamlessly into civilian areas, making them particularly hard to counter. This combination of factors has made them a growing threat on the battlefield and a challenge for global security forces. To combat this rising threat, military organizations are developing a range of defensive measures, from advanced radar systems to detect drones early, to electronic jamming technologies that disrupt their communication and navigation. AI-driven defense networks are also being implemented to identify and neutralize drones more effectively. Despite these advancements, the rapid evolution of drone technology and the relative ease of their acquisition mean the threat is far from under control. The race to develop countermeasures is ongoing, as nations strive to adapt to the growing use of kamikaze drones in conflicts around the world.Whilst Carlos ‘Black Jag’ Ulberg failed to secure his sixth finish under the UFC banner, the New Zealander was able to extend his winning streak to seven with a hard-fought victory over veteran Volkan Oezdemir at UFC Macau. Following the unanimous decision victory out in China earlier today, the popular Kiwi would call for a fight against former UFC light heavyweight title challenger, ‘The War Horse’. Carlos Ulberg calls out former UFC title challenger after win in Macau Carlos Ulberg vs Volkan Oezdemir on the main card of UFC Macau wasn’t exactly the barnburner that fans were hoping for, but it was still an entertaining fight that played out mostly on the feet. Ulberg was able to control much of the bout with his superior distance management and when the time came, cracked the Swiss veteran with some powerful straight shots; ultimately, the significant strike stats read 98-96 in favor of the Kiwi, as did the judges’ scorecards. Despite the knockout shot eluding him, the fight went according to plan from start to finish as he told Maddyn Johnstone-Thomas that “the main thing was for me to keep my range, make him miss and make him pay. “I’m most proud of having to use my right hand this time, I’ve been using the left hand to try to find the knockout [before] but just to stay focused and go the full three rounds against a veteran in the game, I finished him at his own game.” Whilst Ulberg didn’t get the chance to call out anyone in the octagon, he did have one name in mind when he spoke with the UFC News crew after its conclusion... ‘The War Horse’. “Obviously, Khalil had that opportunity last time so I think for our next step, my next step would be against someone like Khalil Rountree Jr .” UFC MACAU : Petr Yan sends message to Dvalishvili after flawless win over Figueiredo Rountree is coming off a tough fourth-round knockout loss to Alex Pereira and currently sits as the #6 ranked light heavyweight in the world – ahead of Tuesday’s update, ‘The Black Jag’ hunts from the #10 spot. Should Rountree want some extra time to rest and recover from that Pereira fight, Ulberg noted that he’d love to make his return at UFC 312 in February 2025 – which takes place at the Qudos Bank Arena in Sydney. “It would be nice, it’s always nice to compete in front of our home fans but if anyone else closer to the title would be ready to fight me in such a short space of time, yeah.” Social media reacts to Carlos Ulberg going the distance with Oezdemir Volkan Oezdemir represented the biggest test that Carlos Ulberg has faced in the octagon to date, something that isn’t lost on his supporters. Whilst the vast majority of fans had the fight going in Ulberg’s favor, that isn’t to say that the global MMA community was unanimously impressed with his unanimous decision victory. In fact, there are countless posts floating around social media suggesting that whilst Ulberg is Top 10 material, he isn’t quite there when it comes to the upper echelon of the 205lb division. UFC MACAU : ‘King of Kung Fu’ incredibly scores sixth spinning kick KO of his MMA career With the win at UFC Macau, Ulberg improves his professional record to 11-1. WOW : Unbeaten prospect put to sleep by 10/1 underdog in stunning UFC Macau upsetGlobal AI-Driven Predictive Maintenance Market Set For 15.5% Growth, Reaching $1.56 Billion By 2028

Analysis: Protecting QBs from violent late hits like the one that leveled Trevor Lawrence isn't easyScots 'demon butler' who became one of UK's most notorious killersPeoples Bancorp of North Carolina director James Abernethy sells $15,950 in stock

he presidency of Jimmy Carter, who died on Dec. 29 at age 100, is typically understood as bland and ineffective—perhaps best symbolized by the uninspiring cardigan sweaters he favored wearing in office. Four decades of subsequent good works have transformed Carter’s cardigan into a symbol of something more wholesome, humble even. Carter’s post-presidential authenticity has even attracted a young, left-leaning fan base, like those using the TikTok #jimmycartergotmepregnant as a mock ironic lament about the declining quality of recent presidents. Yet, both portraits miss the mark. Carter was neither as ineffective a president as his critics allege, nor as liberal a politician as his new fans believe. Instead, the 39th president scored enormous policy successes—but observers often missed them because they didn’t grasp that Carter was one of the most substantively conservative presidents of the last half-century. In some ways, Carter actually did more to push American economic policy to the right than his Republican successors Ronald Reagan, George H.W. Bush, George W. Bush, and Donald Trump. Understanding this reality paints Carter’s presidency in a totally different light. Carter often described himself as a “conservative progressive,” which he defined as being “a fiscal conservative, but quite liberal on such issues as civil rights, environmental quality, and helping people overcome handicaps to lead fruitful lives.” Carter’s fiscal conservatism was perhaps natural for a agribusinessman. During his 1976 presidential campaign, Carter stumped on the proposition that Washington was a “confused, bloated bureaucratic mess.” If elected, he pledged to streamline government agencies and reduce spending just as he had as governor of Georgia. This was not mere campaign rhetoric that disappeared once Carter entered office. In his 1978 State of the Union address, Carter said, “Government cannot solve our problems ...[or] eliminate poverty, or provide a bountiful economy, or reduce inflation, or save our cities, or cure illiteracy, or provide energy.” It was an applause line one might have expected from a stalwart conservative Republican, not a Democratic president. Unsurprisingly, Carter’s conservatism alienated much of the Democratic left. Looking back on his presidency in 1982, one union leader remarked, “As presidents go, he [Carter] was on par with Calvin Coolidge.” It was a fitting comparison for a president who once bragged that his policies represented “the greatest change in the relationship between business and government since the New Deal.” Carter’s conservatism ran deeper than mere rhetoric. He transformed government regulation of the economy more than any other modern president. It was Carter, not Reagan, who was the true “Great Deregulator.” Carter viewed deregulation as the solution to stagflation, the unprecedented economic challenge confronting America in the 1970s. During his presidency, inflation rose from 6.5% to 13.5%, even as unemployment reached eight percent by the time he left office. And Carter blamed excessive regulation for these economic headwinds. Not all of his deregulatory push generated opposition from the left. Deregulation of certain industries, especially trucking and airlines, even garnered support from Carter’s most prominent liberal critic and 1980 primary challenger, Sen. Ted Kennedy (D-Mass.). At the 1980 Democratic Convention, Kennedy bragged that his party had “ended excessive regulation ... and we restored competition to the marketplace.” Kennedy’s views angered the labor unions who had long backed him in Massachusetts, but he believed that making himself the congressional face of deregulation would improve his national, presidential . That calculus explained why Kennedy and Carter joined forces to unshackle the airline industry. Carter appointed the economist and deregulatory hawk Alfred Kahn to the Civil Aeronautics Board, which created pressure on Congress to pass Kennedy’s legislation ending government regulation of flight routes and ticket price controls. Carter’s success with airline deregulation in 1978—and Republican pickups in the midterm elections—lowered the political barriers to further deregulation. Carter pounced on the opportunity and went far beyond what liberals found tolerable. The administration worked to free scores of industries, from energy to trucking to rail, in subtle, yet significant ways. For example, after passage of the Motor Carrier Act of 1980—which allowed trucking companies to choose their own routes—500,000 new truckers flooded the market. The new efficiencies and additional competition ultimately reduced carriage costs by a third, benefiting every category of good produced or sold in America. The positive impacts of these moves are often credited to Carter’s successors because the benefits only became evident after he had left office. But in concrete ways, he helped lay the foundation for the economic prosperity of the 1980s and 1990s. Yet, perhaps the most underrated front in Carter’s war on regulation reshaped broadcasting, politics, and entertainment. Charles Ferris, Carter’s Federal Communications Commission Chair, was a zealous deregulator, who called the FCC’s thicket of regulations “ossified” and a “dead shell.” He repealed regulations that had stunted cable television’s growth, and acquiesced to the courts limiting FCC oversight. As a result, cable grew rapidly; by the mid-1980s, the of households with cable subscriptions had tripled to nearly 60 percent. Ferris also slowed enforcement of the Fairness Doctrine—a rule meant to promote balance in political broadcasting—which had been by the Kennedy, Johnson, and Nixon administrations against political opponents. By streamlining the station license renewal process, Ferris also made it far harder for activists on both sides of the political spectrum to use the doctrine to threaten broadcasters. While it was Reagan’s FCC that did away with the Fairness Doctrine—something for which many on the left still curse him—it simply put the finishing touches on Carter’s revolution. These deregulatory moves transformed news and entertainment, making everything from HBO to cable news channels to hit shows like and possible. Carter’s deregulatory campaigns therefore reshaped the American economy, the media landscape, and national politics in seismic ways. If he had been a Republican, he might rank higher than a subpar 26th (out of 44) in presidential , perhaps even neck-and-neck with the ninth place Reagan. But he was too conservative for his most progressive allies and his policy stances soon became far out of step with a rapidly Democratic Party. Meanwhile, Republicans—who were ideologically more amenable to Carter’s laissez-faire policy accomplishments—were not predisposed to recognize the achievements of a member of the opposition. Yet, Carter’s conservative victories compare favorably to the accomplishments of his Republican successors. Reagan decreased the power of unionized air traffic controllers; but Carter deregulated the entire airline industry with profound results. Americans today fly four times as many miles at less than half the per mile as they did when Carter was president, while as many Americans now fly each year (an of 49% from 2015-2019) as the percentage in 1971 who had flown before. Similarly, George H.W. Bush sent troops to Kuwait to protect U.S. oil imports; but Carter cut American dependence on foreign oil imports nearly in by deregulating the energy sector and encouraging domestic production. George W. Bush massively expanded the federal education with the No Child Left Behind Act, while Carter cut entire federal agencies, like the Civil Aeronautics Board. During Trump’s presidency, the federal debt to GDP ratio broke the record previously set during World War II, whereas Carter reduced that ratio to its lowest point since the beginning of the New Deal. For good or ill, Carter remains the most substantively conservative president of the last half century—even though neither his champions or critics recognize it. The Radio Right: How a Band of Broadcasters Took on the Federal Government and Built the Modern Conservative Movement was published in 2020 by Oxford University Press.

Significant economic progress made in last nine months: MarriyumInformation on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet. FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted. The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Cyber Monday shoppers expected to set a record on biggest day for online shopping