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DENVER, Dec. 12, 2024 (GLOBE NEWSWIRE) -- The U.S. continues to benefit from solid economic growth, low unemployment and moderating inflation. From today’s vantage point, the U.S. economy seems likely to continue on that trajectory into 2025. However, the outlook for the rural economy is more volatile and uncertain. Rural industries are disproportionately exposed to federal policy, and the outcome of the 2024 election cycle promises to bring significant changes in the federal government’s approach to everything from international trade and immigration to energy exploration and rural economic development. According to a comprehensive year-ahead outlook report from CoBank’s Knowledge Exchange , the high level of policy uncertainty facing rural industries adds to their already long list of headwinds and challenges. “The environment we enter in 2025 hasn’t fully defined itself yet, but many of the policies proposed by the incoming administration would likely have a negative impact on U.S. agriculture,” said Rob Fox , director of CoBank’s Knowledge Exchange. “Open access to export markets and labor availability are critically important for agricultural producers and processors. Depending on how policy plays out, those two areas could be big challenges in 2025 and beyond.” The CoBank 2025 outlook report examines several key factors that will shape agriculture and market sectors that serve rural communities throughout the U.S. U.S. Economy: A New Economic Era Begins Most economists are forecasting 2025 U.S. GDP growth around 2.5%-3.0%, essentially the same as today. However, those forecasts are based on rather mild assumptions on forthcoming policy changes. When taken in isolation, President-elect Trump’s proposed policies — tax cuts, decreased labor supply and tariffs on imported goods — are all inflationary. Consequently, longer-term interest rates have already edged higher, and the market has downshifted expectations for further Fed rate cuts in 2025. There is a good chance the proposed tariffs and the crackdown on undocumented immigrants will be more disruptive than markets have priced in, particularly in industries like construction and agriculture. U.S. Government: Trump Administration, Congress Set for Bustling January Start Congress is expected to wrap up the lame duck session of the 118th Congress by Dec. 19, hopefully addressing important pieces of unfinished business. A one-year extension of the 2018 Farm Bill is increasingly likely. President-elect Trump is expected to pursue an ambitious first-100 days of executive orders and other legislative activity that will likely include many of his campaign promises. These may include significant deportation efforts and immigration reform, implementation of tariffs, extending the 2017 tax cuts and providing regulatory relief rolling back the Biden administration’s initiatives. The 119th Congress will have a long and challenging to-do list when members return to Washington on Jan. 3. U.S. Agricultural Economy: Trade War Could Send Ag Economy from Bad to Worse The short-lived commodity boom precipitated by global droughts, the war in Ukraine and COVID-19 supply issues is now a distant memory. Row crop prices are down nearly 50% from their 2022 highs. But production costs have remained elevated, and profitability has plunged to decade-plus lows. The silver lining is that dairy and livestock producers are generally profitable due to low feed costs and resilient consumer demand. However, more headwinds may be coming for both the crop and livestock sectors. President-elect Trump rode to victory on two main economic policy proposals: enact significant import tariffs and reduce immigration while deporting undocumented residents. In theory, these policies could achieve some limited objectives, but it is hard to paint them as anything but negative for the U.S. farm economy. Grains, Farm Supply & Biofuels: Policy Uncertainty Weighs on Exports, Biofuels A strengthening U.S. dollar, combined with the potential for trade disputes and record-large South American crops, weigh heavily on the outlook for grain and oilseed prices in 2025. U.S. farmers are widely expected to struggle with further margin compression as weaker commodity prices test farmers’ ability to lower production costs. Crop input decisions will be evaluated much more closely with a focus on inputs that provide the greatest return on investment. The bearish outlook for oil prices diminishes the demand picture for ethanol, biodiesel and renewable diesel. Uncertainty over U.S. biofuel policy under the new administration also clouds the demand outlook for biofuels. Animal Protein: Rising Margins Improve Prospects for Growth Falling feed costs and rising producer margins have renewed expansion interest in animal protein segments. However, labor, construction and land costs remain elevated, tempering expectations for any meaningful supply growth in the near term. U.S. beef cow herd expansion is not expected to start until 2026 or 2027. The smaller herd will further support higher feeder and fed cattle prices in the coming year. With consumers now pushing back on beef prices already near historic highs, packer margins will remain under pressure well into 2025. Dairy: Record Investment Will Continue to Grow the Category The U.S. will see an unprecedented $8 billion in new dairy processing investment through 2026. Some of the new plants are poised to come online in 2025, with about half of the investment in the cheese category. The expected surge in cheese and whey output will likely put downward pressure on dairy product prices in the second half of the year. Sourcing additional milk supplies to fill new plant capacity is a looming question. 2023 and 2024 will go down as the first back-to-back years since the late 1960s that U.S. milk production took a downturn. On the flip side, higher component levels in farmgate milk, largely butterfat and protein, have lifted finished product yields. Food & Beverage: Health and Nutrition Take Center Stage The headline news for food, beverage and consumer packaged goods in 2025 is President-elect Trump’s nomination of Robert F. Kennedy Jr. to lead the Department of Health and Human Services. Kennedy’s purported goals include eliminating ingredients banned in other countries and “getting the chemicals out” of America’s food supply. Meanwhile, consumers’ renewed focus on their health and the popularity of GLP-1 weight-loss drugs are showing signs of impacting food manufacturers. GLP-1 users purchase around 8% less food compared with average consumers, according to J.P. Morgan research. Food and beverage manufacturers’ concerns about volume attrition are likely to continue well into 2025. Power & Energy: What an IRA Rollback Might Look Like President-elect Trump’s return to the White House will signal a significant shift in U.S. energy policy. While he has promised to end the Inflation Reduction Act, slowing the clean energy momentum that has accelerated under the IRA may be more difficult than imagined. Popular programs in the IRA have directed significant investments to many rural and economically distressed communities. And more than a dozen House Republicans have voiced concern that repealing the IRA could jeopardize ongoing development in their communities. Clawing back IRA funds that have already been allocated could prove to be very difficult. The more likely scenario is that unallocated IRA funding will be redirected to other priorities. Digital Infrastructure: Rural Connectivity Faces New Challenges Political uncertainty and low participation in the Broadband, Equity, Access and Deployment program raises big questions for bridging the digital divide in the year ahead. The $42.5 billion BEAD program, created by the Infrastructure Investment and Jobs Act, includes an unprecedented level of government support. However, a lack of operator participation could blunt the impact of this well-intended program to bring reliable broadband access to underserved rural areas. Many small operators lack the specialized expertise or financial resources to meet some of the complicated BEAD requirements. Read the full report, The Year Ahead: Forces That Will Shape the U.S. Rural Economy in 2025 . About CoBank CoBank is a cooperative bank serving vital industries across rural America. The bank provides loans, leases, export financing and other financial services to agribusinesses and rural power, water and communications providers in all 50 states. The bank also provides wholesale loans and other financial services to affiliated Farm Credit associations serving more than 77,000 farmers, ranchers and other rural borrowers in 23 states around the country. CoBank is a member of the Farm Credit System, a nationwide network of banks and retail lending associations chartered to support the borrowing needs of U.S. agriculture, rural infrastructure and rural communities. Headquartered outside Denver, Colorado, CoBank serves customers from regional banking centers across the U.S. and also maintains an international representative office in Singapore. Corporate Communications CoBank 800-542-8072 news@cobank.comJimmy Carter, 39th US president, Nobel winner, dies at 100
Coal and gas-fired power plants will stay open for longer under the coalition's $330 billion nuclear transition plan. Opposition Leader Peter Dutton has pledged to build seven publicly-owned nuclear power plants across the country, with predictions the first will come online from the mid-to-late 2030s - a timeline rubbished by some experts. Renewables would make up just over half of Australia's energy grid by 2050, with nuclear accounting for just under 40 per cent and the rest a combination of storage and gas, snippets of the plan dropped ahead of its release contend. Labor's plan is to have the grid firmed by just over 80 per cent renewable energy by 2030. This will increase to more than 90 per cent by 2050 with the rest made up of storage and gas. Nuclear energy would provide the "always-on" power to back up renewables and lead to cheaper power bills in the long run, Mr Dutton claimed. But nuclear energy does not offer a good deal for Australia, a report released just ahead of Mr Dutton unveiling his costings found, while postponing coal power station closures would heighten Australia's carbon emissions in the medium term. For the seventh straight year, the GenCost 2024-25 Report found renewable energy sources are the lowest-cost of any new-build electricity-generating technology. Nuclear energy generation would be 1.5 to two times more expensive than large-scale solar, according to the analysis by the national science agency CSIRO and the Australian Energy Market Operator. Energy market operators would also need to establish new connection points to safely supply the national electricity grid, experts have said. The coalition's plan was modelled by Frontier Economics, which cost Labor's transition around $600 billion. Energy Minister Chris Bowen has rubbished this number, saying the government's plan would cost $122 billion, citing a forecast made by the national energy grid operator. "They're making it up as they go along," Mr Bowen told ABC TV of the coalition's costings on Friday. Mr Bowen said preliminary reports of the coalition's plan ahead of Friday's full announcement that nuclear would need fewer transmission lines - therefore bringing down the estimated cost - was incorrect. "I'm not sure how they'll get the nuclear power into the grid, maybe by carrier pigeon if they're going to assert if somehow you'll need less transmission," he said. "They have had to make some very heroic assumptions here and they have had to really stretch the truth to try to get some very dodgy figures." Keeping coal-fired power plants open beyond their lifespan was a threat to energy reliability, with outages and breakdowns happening on a daily basis, Mr Bowen said. "It's a recipe for blackouts to keep ageing coal-fired power stations in the grid for longer," he said. The coalition is pushing for an end to Australia's nuclear ban but has faced opposition from states. Nuclear power doesn't stack up for Australian families or businesses, Fortescue chairman Andrew Forrest said on Friday. "As our national science agency has shown, 'firmed' solar and wind are the cheapest new electricity options for all Australians," he said in a statement. "The cost of electricity generated on a grid dominated by firmed renewable energy in 2030 will be half what you would have to pay if it came from nuclear, CSIRO found." Mr Forrest, who is a big player in the non-fossil fuels energy market, said that without continued action on "low-cost, high-efficiency renewable energy" Australians will be left with "pricier power and crumbling coal stations". "We must never forget - Australia has the best renewable resources in the world," he added. "Seizing these Australian opportunities must be our shared national goal."
ATLANTA (AP) — Jimmy Carter, the peanut farmer who tried to restore virtue to the White House after the Watergate scandal and Vietnam War, then rebounded from a landslide defeat to become a global advocate of human rights and democracy, has died. He was 100 years old . The Carter Center said the 39th president died Sunday afternoon, more than a year after entering hospice care , at his home in Plains, Georgia, where he and his wife, Rosalynn, who died in November 2023, lived most of their lives. The center said he died peacefully, surrounded by his family. A moderate Democrat, Carter ran for president in 1976 as a little-known Georgia governor with a broad grin, effusive Baptist faith and technocratic plans for efficient government. His promise to never 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 said. Carter’s victory over Republican Gerald Ford, whose fortunes fell after pardoning Nixon, came amid Cold War pressures, turbulent oil markets and social upheaval over race, women’s rights and America’s role in the world. His achievements included brokering Mideast peace by keeping Egyptian President Anwar Sadat and Israeli Prime Minister Menachem Begin at Camp David for 13 days in 1978. But his coalition splintered under double-digit inflation and the 444-day hostage crisis in Iran. His negotiations ultimately brought all the hostages home alive, but in a final insult, Iran didn’t release them until the inauguration of Ronald Reagan, who had trounced him in the 1980 election. Humbled and back home in Georgia, Carter said his faith demanded that he keep doing whatever he could, for as long as he could, to try to make a difference. He and Rosalynn co-founded The Carter Center in 1982 and spent the next 40 years traveling the world as peacemakers, human rights advocates and champions of democracy and public health. Awarded the Nobel Peace Prize in 2002, Carter helped ease nuclear tensions in North and South Korea, avert a U.S. invasion of Haiti and negotiate cease-fires in Bosnia and Sudan. By 2022, the center had monitored at least 113 elections around the world. Carter was determined to eradicate guinea worm infections as one of many health initiatives. Swinging hammers into their 90s, the Carters built homes with Habitat for Humanity. The common observation that he was better as an ex-president rankled Carter. His allies were pleased that he lived long enough to see biographers and historians revisit his presidency and declare it more impactful than many understood at the time. Propelled in 1976 by voters in Iowa and then across the South, Carter ran a no-frills campaign. Americans were captivated by the earnest engineer, and while an election-year Playboy interview drew snickers when he said he “had looked on many women with lust. I’ve committed adultery in my heart many times,” voters tired of political cynicism found it endearing. The first family set an informal tone in the White House, carrying their own luggage, trying to silence the Marine Band’s traditional “Hail to the Chief" and enrolling daughter, Amy, in public schools. Carter was lampooned for wearing a cardigan and urging Americans to turn down their thermostats. But Carter set the stage for an economic revival and sharply reduced America's dependence on foreign oil by deregulating the energy industry along with airlines, trains and trucking. He established the departments of Energy and Education, appointed record numbers of women and nonwhites to federal posts, preserved millions of acres of Alaskan wilderness and pardoned most Vietnam draft evaders. Emphasizing human rights , he ended most support for military dictators and took on bribery by multinational corporations by signing the Foreign Corrupt Practices Act. He persuaded the Senate to ratify the Panama Canal treaties and normalized relations with China, an outgrowth of Nixon’s outreach to Beijing. But crippling turns in foreign affairs took their toll. When OPEC hiked crude prices, making drivers line up for gasoline as inflation spiked to 11%, Carter tried to encourage Americans to overcome “a crisis of confidence.” Many voters lost confidence in Carter instead after the infamous address that media dubbed his “malaise" speech, even though he never used that word. After Carter reluctantly agreed to admit the exiled Shah of Iran to the U.S. for medical treatment, the American Embassy in Tehran was overrun in 1979. Negotiations to quickly free the hostages broke down, and then eight Americans died when a top-secret military rescue attempt failed. Carter also had to reverse course on the SALT II nuclear arms treaty after the Soviets invaded Afghanistan in 1979. Though historians would later credit Carter's diplomatic efforts for hastening the end of the Cold war, Republicans labeled his soft power weak. Reagan’s “make America great again” appeals resonated, and he beat Carter in all but six states. Born Oct. 1, 1924, James Earl Carter Jr. married fellow Plains native Rosalynn Smith in 1946, the year he graduated from the Naval Academy. He brought his young family back to Plains after his father died, abandoning his Navy career, and they soon turned their ambitions to politics . Carter reached the state Senate in 1962. After rural white and Black voters elected him governor in 1970, he drew national attention by declaring that “the time for racial discrimination is over.” Carter published more than 30 books and remained influential as his center turned its democracy advocacy onto U.S. politics, monitoring an audit of Georgia’s 2020 presidential election results. After a 2015 cancer diagnosis, Carter said he felt “perfectly at ease with whatever comes.” “I’ve had a wonderful life,” he said. “I’ve had thousands of friends, I’ve had an exciting, adventurous and gratifying existence.” Contributors include former AP staffer Alex Sanz in Atlanta.
Conservative Texas lawmakers and power brokers in recent years have criticized university professors for being “woke” activists who indoctrinate college students with far-left teachings and ideas. Now, as state lawmakers head back to the Capitol for the 2025 legislative session, they could limit the influence faculty have over campus culture and curriculum. Lt. Gov. Dan Patrick wants lawmakers to recommend potential changes to the roles of faculty senates, which traditionally take the lead on developing curriculum — and ensuring professors have the academic freedom to teach and research their subject areas without fear of political interference. But conservatives say university curriculum has been infused with ideologies that have helped take higher education in Texas in an overly liberal direction. “If we’re going to refocus our universities on their mission of open inquiry and freedom of speech, we’ve got to take a look at the curriculum and who’s controlling it,” Sherry Sylvester, a fellow at the conservative Texas Public Policy Foundation, told state senators in November. Some Texas professors, though, fear the Republican-controlled Legislature could undermine a long-standing balance of power at universities that’s meant to protect higher education from politicization. Their concerns are that without a proper voice on campus, and a guarantee that faculty have control over their teaching and research, faculty might leave Texas or be less likely to take a job at a Texas university, research would be imperiled, and there would be no checks and balances on university leadership. “There’s very clearly an ideological based attack against higher education and more specifically against faculty,” said Michael Harris, a professor of higher education at Southern Methodist University, a private institution in Dallas. “A place where faculty are most noticeable is a faculty senate.” Here’s a look at faculty senates in Texas and the role they play in higher education. Faculty senates are made up of professors from across a university. The body approves academic policies, curriculum design, faculty hiring and evaluation, and other issues that impact the academic mission. They also relay university-wide news and plans back to their colleagues.. The senates often meet monthly and invite guests from the administration to speak directly to faculty on university issues. “They provide a critical advisory voice on so many things we do on campus,” Texas A&M University President Mark Welsh recently told reporters. “The faculty senate does work that is fundamentally important to what we do as a university.” Faculty at many Texas universities elect a professor in their specific college to serve as a representative on the senate. Faculty will typically elect a chair or co-chairs for a one or two year term. Other faculty members can serve on specific committees that provide recommendations to leadership on specific issues, such as budget, research or facility planning. Faculty say that it’s vital that they have a voice in the decision making processes and that university boards of regents listen to those on the ground when making decisions that impact their work. “At a Fortune 500 company, you wouldn’t want the CEO to make every single decision,” said Harris, the SMU professor. “They don’t have time. People close to the product line or business aspect are best able to do that. The same thing is true here. You want your faculty who teach undergrads to make policy (about undergrads). They know the issues there better.” Bill Carroll served as president of the University of Texas at Arlington’s faculty senate four years ago. He said administrators often haven’t taught in a classroom in years and rely on current faculty to share their experiences that can help shape decision-making. “The faculty senate can provide that input and that information to administration so they can understand how the faculty are perceiving things and understand what faculty needs to do their job in an effective way,” he said. Public universities and university systems are overseen by boards of regents, who are appointed by the governor. Those boards hire university presidents, who serve as a CEO of the institution. While there is nothing in state law that specifies how faculty senates should be organized or function, many universities have adopted rules based on the American Association of University Professors’ guidance that faculty have academic freedom in the classroom and in research. They also rely on the 1966 Statement on Government of Colleges and Universities to guide how boards, presidents and faculty senates interact to operate the university. This statement was developed by national organizations that represent faculty, university presidents and governing boards. The statement spells out who should handle each sector of university operations. “It’s not something that was just drawn up by faculty saying, ‘Here is our best practice, deal with it,’” said Joey Velasco, president of the Texas Council of Faculty Senates who also teaches at Sul Ross State University in Far West Texas. “It really was a joint effort.” Faculty should be responsible for curriculum, methods of instruction and research, the statement reads. If the governing board or university president ultimately makes a decision that goes against the faculty’s wishes, that statement urges the board or president to communicate those reasons with the faculty. “It’s through open dialogue and mutual respect and a shared vision that faculty, administrators and governing boards can ensure their institutions continue to thrive,” Velasco said. Faculty senates found themselves in Patrick’s crosshairs three years ago when he boldly declared he wanted to end tenure for new faculty hires at Texas’ public universities. It was a radical legislative priority condemned by faculty groups across the country. At the time, Patrick was honest about his motivations: he was angry at The Faculty Council at the University of Texas at Austin. The elected group of faculty had passed a nonbinding resolution reaffirming their right to teach critical race theory in the college classroom after the state banned its teaching in K-12 schools. In the statement, faculty at UT-Austin said they will “stand firm against any and all encroachment on faculty authority including by the legislature or the Board of Regents.” Patrick called the professors “Loony Marxists” on social media and accused them of poisoning the minds of college students with such teaching. Ending tenure would make it easier to terminate or punish faculty who were teaching these ideas. Patrick ultimately was unable to outright ban tenure at Texas’ public universities. But Harris said it’s clear that the Faculty Council “poked the bear.” “I do wonder, were it not for that, would it have been as much on the radar,” Harris said, though he feels like the wave of similar actions at universities in other states, such as Florida , would’ve led Texas to take similar routes. Faculty senates largely garner the most attention outside the university when they issue a vote of no confidence in a school leader. These votes are non binding, but are meant as a way for faculty to express their discontent with the direction a president is taking the school. Sometimes, they can lead to the resignation of a university leader. Other times, they’re completely ignored. Last year, most faculty members at West Texas A&M University in Canyon said they lost confidence in the president for a variety of issues, including his decision to cancel a student drag show on campus. Nothing happened after the vote and Walter Wendler remained president. At Stephen F. Austin State University in Nacogdoches, faculty took a vote of no confidence in the leadership of former President Scott Gordon after he accepted an $85,000 pay bump amid a COVID-19 budget shortfall. In that case, the board of regents stood behind Gordon despite the no confidence vote. Still, he stepped down six months later. Nationally, a Chronicle of Higher Education analysis found that a president ends up leaving office within a year of a no-confidence vote about half of the time. This spring, more than 600 faculty at UT-Austin signed a letter stating they had no confidence in President Jay Hartzell’s leadership after police arrested a swath of pro-Palestinian demonstrators protesting the war in Gaza. However, that letter came from the UT-Austin chapter of the American Association of University Professors, not the Faculty Council. Across the country, other states have sought to curtail the power and freedoms of faculty. The Arizona Legislature passed a law that would reduce the power of faculty senates. The bill eliminated language in the state that says the faculty “shall participate in” or “share responsibility” for academic and personnel decisions. Instead, professors could only “consult with” university leaders on decisions. Arizona’s Democratic governor vetoed the bill. When Florida passed a higher education bill that banned diversity, equity and inclusion programs at public institutions last year, it also included language that said public university presidents and administrators are not bound by faculty recommendations or opinions in hiring decisions. In Texas, at a November state Senate Higher Education Subcommittee meeting, Sylvestor, with the conservative Texas Public Policy Foundation, suggested that the Legislature require all faculty senate votes to be public, all meetings be open to the public and live streamed, and all curriculum changes made public. Many faculty senates at Texas universities already livestream their meetings and post agendas and minutes online. Velasco with the Texas Council for Faculty Senates said many votes are taken publicly, too. But there are instances when private voting is better, he said, such as when faculty vote whether to award tenure. This story was originally published by The Texas Tribune and distributed through a partnership with The Associated Press.Tim Walz accepts turkey presentation as he eases back into his duties as Minnesota's governor
The National Milk Testing Strategy (NMTS) "builds on measures taken by USDA and federal and state partners since the outbreak of highly pathogenic avian influenza [HPAI] H5N1 in dairy cattle was first detected in March 2024," the agency said in a statement . Any entity that handles pre-pasteurized raw milk -- milk processors and transporters, for example -- must hand over samples for testing to USDA staff upon request. According to the USDA, this could be an efficient way to identify herds infected with H5N1. As of Thursday, 718 cattle herds nationwide are known to be infected with the avian flu virus. The new testing initiative "will give farmers and farmworkers better confidence in the safety of their animals and ability to protect themselves, and it will put us on a path to quickly controlling and stopping the virus’ spread nationwide," U.S. Agriculture Secretary Tom Vilsack said in the USDA statement. The move comes only a few days after a California dairy farm said it was expanding its recall of raw milk and cream after state health officials discovered bird flu virus in more milk samples. In a notice posted Tuesday, Fresno-based Raw Farm LLC said it has now recalled all whole milk and cream products with "use by" dates of Nov. 27 to Dec. 13. Meanwhile, California health officials took additional steps to keep consumers safe, including quarantining the farm. "While this voluntary recall only applies to raw whole milk and cream, due to multiple bird flu detections in the company's operation, the California Department of Public Health [CDPH] urges consumers to avoid consuming any Raw Farm products for human consumption including raw milk, cream, cheese,and kefir, as well as raw milk pet food topper and pet food kefir marketed to pet owners," the CDPH said in a health alert posted Tuesday. "In addition to the statewide voluntary recall, CDFA [California Department of Agriculture] has placed the farm under quarantine, suspending any new distribution of its raw milk, cream, kefir, butter and cheese products produced on or after November 27," the agency added. No human bird flu cases linked to the consumption of raw milk products have been confirmed at this point, the CDPH noted. Unlike raw milk, pasteurized milk is heat-treated to kill off any viruses and remains safe to drink. The latest actions follow recalls of two lots of Raw Farm products after bird flu was first reported in raw milk samples on Nov. 24. Bird flu first surfaced in U.S. dairy cows in March. Since then, the virus has been spreading across the country, particularly in California, where nearly 500 of the more than 700 infected herds nationwide have been detected, the Associated Press reported. So far this year, the virus has infected 58 people in the United States, including 31 in California, according to the U.S. Centers for Disease Control and Prevention . Mild illnesses have been seen in dairy and poultry workers who had close contact with infected animals. No cases of bird flu spreading between people have been detected so far, the agency added. In a statement posted to its website, Raw Farm officials said they were working to restore raw milk supply quickly. “There are no illnesses associated with H5N1 in our products. But rather this is a political issue,” the post stated. “There are no food safety issues with our products or consumer safety. We are working towards resolving this political issue while being cooperative with our government regulatory agencies.” Any move to restrict public access to raw milk could be challenged by the incoming Trump administration, however. Robert Kennedy Jr., who has long criticized crackdowns on raw milk, has been nominated to run the U.S. Department of Health and Human Services and has vowed to push for greater distribution of raw milk products. More information The CDC has more on bird flu . SOURCE: U.S. Department of Agriculture, news release, Dec. 6, 2024; California Department of Public Health, news release, Dec. 4, 2024; Associated Press A California dairy farm has issued a full recall of its raw milk and cream after bird flu was discovered in more milk samples.
How Washington outsider Jimmy Carter wooed voters tired of Vietnam and Watergate
WASHINGTON – President-elect Donald Trump on Tuesday reached a required agreement with President Joe Biden’s White House to allow his transition staff to coordinate with the existing federal workforce before taking office on Jan. 20. The congressionally mandated agreement allows transition aides to work with federal agencies and access non-public information and gives a green light to government workers to talk to the transition team. Recommended Videos But Trump has declined to sign a separate agreement with the General Services Administration that would have given his team access to secure government offices and email accounts, in part because it would require that the president-elect limit contrbutions to $5,000 and reveal who is donating to his transition effort. The White House agreement was supposed to have been signed by Oct. 1, according to the Presidential Transition Act, and the Biden White House had issued both public and private appeals for Trump’s team to sign on. The agreement is a critical step in ensuring an orderly transfer of power at noon on Inauguration Day, and lays the groundwork for the White House and government agencies to begin to share details on ongoing programs, operations and threats. It limits the risk that the Trump team could find itself taking control of the massive federal government without briefings and documents from the outgoing administration. As part of the agreement with the White House, Trump’s team will have to publicly disclose its ethics plan for the transition operation and make a commitment to uphold it, the White House said. Transition aides must sign statements that they have no financial positions that could pose a conflict of interest before they receive access to non-public federal information. Biden himself raised the agreement with Trump when they met in the Oval Office on Nov. 13, according to the White House, and Trump indicated that his team was working to get it signed. Trump chief of staff-designate Susie Wiles met with Biden's chief of staff Jeff Zients at the White House on Nov. 19 and other senior officials in part to discuss remaining holdups, while lawyers for the two sides have spoken more than a half-dozen times in recent days to finalize the agreement. “Like President Biden said to the American people from the Rose Garden and directly to President-elect Trump, he is committed to an orderly transition,” said White House spokesperson Saloni Sharma. “President-elect Trump and his team will be in seat on January 20 at 12 pm – and they will immediately be responsible for a range of domestic and global challenges, foreseen and unforeseen. A smooth transition is critical to the safety and security of the American people who are counting on their leaders to be responsible and prepared.” Without the signed agreement, Biden administration officials were restricted in what they could share with the incoming team. Trump national security adviser-designate Rep. Mike Waltz met recently with Biden national security adviser Jake Sullivan, but the outgoing team was limited in what it could discuss. “We are doing everything that we can to effect a professional and an orderly transition,” White House national security spokesman John Kirby told reporters on Monday. “And we continue to urge the incoming team to take the steps that are necessary to be able to facilitate that on their end as well.” “This engagement allows our intended Cabinet nominees to begin critical preparations, including the deployment of landing teams to every department and agency, and complete the orderly transition of power,” said Wiles in a statement. The Trump transition team says it would disclose its donors to the public and would not take foreign donations. A separate agreement with the Department of Justice to coordinate background checks for vetting and security clearances is still being actively worked on and could be signed quickly now that the White House agreement is signed. The agency has teams of investigators standing by to process clearances for Trump aides and advisers once that document is signed. That would clear the way for transition aides and future administration appointees and nominees to begin accessing classified information before Trump takes office. Some Trump aides may hold active clearances from his first term in office or other government roles, but others will need new clearances to access classified data. Trump's team on Friday formally told the GSA that they would not utilize the government office space blocks from the White House reserved for their use, or government email accounts, phones and computers during the transition. The White House said it does not agree with Trump’s decision to forgo support from the GSA, but is working on alternate ways to get Trump appointees the information they need without jeopardizing national security. Federal agencies are receiving guidance on Tuesday on how to share sensitive information with the Trump team without jeopardizing national security or non-public information. For instance, agencies may require in-person meetings and document reviews since the Trump team has declined to shift to using secure phones and computers. For unclassified information, agencies may ask Trump transition staff to attest that they are taking basic safeguards, like using two-factor authentication on their accounts.
By Stephanie Lai and Hadriana Lowenkron, Bloomberg News Donald Trump says he is selecting venture capitalist David Sacks of Craft Ventures LLC to serve as his artificial intelligence and crypto czar, a newly created position that underscores the president-elect’s intent to boost two rapidly developing industries. “David will guide policy for the Administration in Artificial Intelligence and Cryptocurrency, two areas critical to the future of American competitiveness. David will focus on making America the clear global leader in both areas,” Trump said Thursday in a post on his Truth Social network. Trump said that Sacks would also lead the Presidential Council of Advisors for Science and Technology. In Sacks, Trump is tapping one of his most prominent Silicon Valley supporters and fundraisers for a prime position in his administration. Sacks played a key role in bolstering Trump’s fundraising among technology industry donors, including co-hosting an event at his San Francisco home in June, with tickets at $300,000 a head. He is also closely associated with Vice President-elect JD Vance, the investor-turned-Ohio senator. Sacks is a venture capitalist and part of Silicon Valley’s “PayPal Mafia.” He first made his name in the technology industry during a stint as the chief operating officer of PayPal, the payments company whose founders in the late 1990s included billionaire entrepreneur Elon Musk and investor Peter Thiel. After it was sold to eBay, Sacks turned to Hollywood, where he produced the 2005 satire Thank You for Smoking. Back in Silicon Valley, he founded workplace communications company Yammer, which was bought by Microsoft Corp. in 2012 for $1.2 billion. He founded his own venture capital firm, Craft Ventures, in 2017 and has invested in Musk-owned businesses, including SpaceX. Sacks said on a recent episode of his All-In podcast that a “key man” clause in the agreements of his venture firm’s legal documents would likely prevent him from taking a full-time position, but he might consider an advisory role in the new administration. A Craft spokeswoman said Sacks would not be leaving Craft. In his post, Trump said Sacks “will safeguard Free Speech online, and steer us away from Big Tech bias and censorship.” Protecting free speech is a keen interest of Sacks. He regularly speaks about “woke” interests that try to muzzle unpopular opinions and positions. The new post is expected to help spearhead the crypto industry deregulation Trump promised on the campaign trail. The role is expected to provide cryptocurrency advocates a direct line to the White House and serve as a liaison between Trump, Congress and the federal agencies that interface with digital assets, including the Securities and Exchange Commission and the Commodity Futures Trading Commission. Trump heavily campaigned on supporting crypto, after previously disparaging digital assets during his first White House term, saying their “value is highly volatile and based on thin air.” The president-elect on Thursday said Sacks would “work on a legal framework so the Crypto industry has the clarity it has been asking for, and can thrive in the U.S.” During the campaign, Trump spoke at a Bitcoin conference, accepted crypto campaign donations and met with executives from Bitcoin mining companies and crypto exchanges multiple times. Trump’s desire to give priority to the digital asset industry is also reflected in his close allies and cabinet selections, including his Commerce secretary pick, Howard Lutnick, and Treasury secretary nominee Scott Bessent. On the AI front, Sacks would help Trump put his imprint on an emerging technology whose popular use has exploded in recent years. Sacks is poised to be at the front lines in determining how the federal government both adopts AI and regulates its use as advances in the technology and adoption by consumers pose a wide array of benefits as well as risks touching on national security, privacy, jobs and other areas. The president-elect has expressed both awe at the power of AI technology as well as concern over the potential harms from its use. During his first term, he signed executive orders that sought to maintain US leadership in the field and directed the federal government to prioritize AI in research and development spending. As AI has become more mainstream in recent years and with Congress slow to act, President Joe Biden has sought to fill that void. Biden signed an executive order in 2023 that establishes security and privacy protections and requires developers to safety-test new models, casting the sweeping regulatory order as necessary to safeguard consumers. A number of technology giants have also agreed to adopt a set of voluntary safeguards which call for them to test AI systems for discriminatory tendencies or security flaws and to share those results. Trump has vowed to repeal Biden’s order. The Republican Party’s 2024 platform dismissed Biden’s executive order as one that “hinders AI Innovation, and imposes Radical Leftwing ideas on the development of this technology.” Sacks can be expected to work closely with Musk, the world’s richest person and one of the president-elect’s most prominent supporters. Musk is also a player in the AI space with his company xAI and a chatbot named Grok — efforts which pit him against Silicon Valley’s giants — and he stands to wield significant influence within the incoming administration. The appointment won’t require Sacks to divest or publicly disclose his assets. Like Musk, Sacks will be a special government employee. He can serve a maximum of 130 days per year, with or without compensation. However, conflict of interest rules apply to special government employees, meaning Sacks will have to recuse himself from matters that could impact his holdings. Sacks’s Craft Ventures is known more for enterprise software investing than for crypto, but it has made a few crypto investments, including BitGo and Bitwise. Still, Sacks has firm opinions on the sector. Speaking last month on All-In, Sacks praised a bill on crypto regulation that had passed in the U.S. House but not the Senate earlier this year. The Financial Innovation and Technology for the 21st Century Act would regulate certain types of digital assets as a commodity, regulated by the Commodity Futures Trading Commission. “The crypto industry basically wants a really clear line for knowing when they’re a commodity and they want commodities to be governed, like all other commodities, by the CFTC,” he said on the November podcast. He also disparaged some of the Securities and Exchange Commission’s positions on crypto under its chair, Gary Gensler. “The days of Gensler terrifying crypto companies,” he said. “Those days are about to be over.” Earlier this week, Trump nominated crypto advocate Paul Atkins to lead the SEC. With assistance from Zoe Ma, Bill Allison, Sarah McBride, Anne VanderMey and stacy-marie ishmael. ©2024 Bloomberg L.P. Visit bloomberg.com. Distributed by Tribune Content Agency, LLC.Daily Post Nigeria Naira appreciates against dollar amid CBN interest rate hike Home News Politics Metro Entertainment Sport Business Naira appreciates against dollar amid CBN interest rate hike Published on November 26, 2024 By Ogaga Ariemu The naira appreciated against the dollar at the foreign exchange market amid the Central Bank of Nigeria’s interest rate hike. FMDQ data showed that the naira strengthened to N1659.44 on Tuesday from N1675.62 on Monday. This represents a N16.11 appreciation. Similarly, at the black market, the naira gained N5 to close at N1750 against the dollar on Tuesday from N1755 exchanged the previous day. The development comes as FX transaction turnover increased massively to $425.98 million on Tuesday from $108.79 million. This showed that the FX market had responded positively to CBN’s interest rate hike on Tuesday to 27.50 per cent from 27.25 per cent to tackle the country’s inflation, which stood at 33.87 per cent in October. On Monday, the National Bureau of Statistics Gross Domestic Product data showed that Nigeria’s economy grew by 3.46 per cent in the third quarter of 2024. 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