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Bucks snap a 2-game skid with a 118-113 victory over the Nets
NEW YORK (AP) — Giannis Antetkounmpo had 34 points, 11 rebounds and four assists and the Milwaukee Bucks snapped a two-game skid with a 118-113 win over the Brooklyn Nets on Sunday. Damien Lillard had 15 points and 11 assists and Bobby Portis added 23 points and five rebounds off the bench. The Bucks won for the 10th time in 13 games. Dennis Schroder had 34 points and 10 assists, Cam Johnson scored 26 points and Nic Claxton added 21 points and nine rebounds as the Nets lost for the fourth time in five games, falling to 4-13 against Eastern Conference foes. Milwaukee: Lillard’s streak of six straight 25-point games ended. Antetokounmpo had his NBA-best 14th game with at least 30 points. Brooklyn: Schroder led Brooklyn in scoring for the fourth time this season, surpassing 30 points for the third time. He is averaging 31.5 points in two games against Milwaukee this season and has 493 points in 31 career games against the Bucks. Brooklyn led 108-104 after Schroder's jumper with 3:08 left, but Milwaukee countered by scoring 15 of the game’s final 20 points. Bucks forward Khris Middleton, playing in just his third game this season while recovering from bilateral ankle surgery, scored seven points in the fourth quarter. Portis put Milwaukee ahead for good, 109-108, with a 3-pointer with 2:08 left. Brooklyn snapped Milwaukee’s 15-game streak of holding opponents to below 50% shooting. The Nets were just the fourth team to make more than 50% of its field goals against the Bucks. Milwaukee improved to 1-3 in games in which it allows a team to shoot better than 50%. After making just 8 of 22 field goals (36.4%) in the first quarter, the Nets shot 56% over the final 36 minutes. Milwaukee hosts Orlando in an NBA Cup quarterfinal Tuesday. Brooklyn is at Memphis on Friday. AP NBA: https://apnews.com/hub/NBA
WASHINGTON >> President-elect Donald Trump aims to deport all immigrants in the U.S. illegally over his four-year term but wants a deal to protect so-called “Dreamer” immigrants, he said in an interview that aired on Sunday on NBC News’ “Meet the Press with Kristen Welker.” Trump also said he plans to take executive action on his first day in office to try to end birthright citizenship, which confers citizenship on anyone born in the U.S. regardless of their parents’ immigration status. Trump, a Republican who won a second term in the White House promising mass deportations, is expected to declare illegal immigration a national emergency when he takes office on Jan. 20 and draw on resources from across the federal government to support a wide-ranging crackdown. The U.S. Department of Homeland Security estimated some 11 million immigrants were in the U.S. illegally as of January 2022, although the figure is likely higher today. In the NBC News interview, Welker asked Trump if his plan was to deport everyone without legal status. “I think you have to do it,” Trump said. “It’s a very tough thing to do. You know, you have rules, regulations, laws.” Trump said he wanted a deal to protect “Dreamer” immigrants brought to the U.S. illegally as children, saying Republicans are open to the idea. During his 2017-2021 presidency, Trump tried to end a program that provides deportation relief and work permits to the immigrants, but was rebuffed by the Supreme Court. Trump’s plans to try to end birthright citizenship will likely face legal challenges. The right stems from an amendment to the U.S. Constitution and is supported by 1898 Supreme Court precedent. Speaking to Welker, Trump suggested Republicans may need to pursue a constitutional amendment to address the issue – an arduous process. “We’ll maybe have to go back to the people,” he said. Trump’s incoming border czar Tom Homan and deputy chief of staff Stephen Miller both told Fox News’ “Sunday Morning Futures” that Congress should provide a major funding increase for immigration enforcement. The pro-immigration American Immigration Council estimated that deporting all immigrants in the U.S. illegally over more than a decade would cost $88 billion annually. Homan said the minimum needed would be near that amount. “We’re going to need as much money as Congress can get us,” he said.
NEW YORK , Dec. 3, 2024 /PRNewswire/ -- Report on how AI is redefining market landscape - The global electrical steel market size is estimated to grow by USD 24.25 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 11.29% during the forecast period. Increasing demand for electrical steel in automotive industry is driving market growth, with a trend towards expansion of production capacity by vendors. However, excess production capacity in steel manufacturing plants poses a challenge. Key market players include Ansteel Group Corp. Ltd., Aperam SA, ArcelorMittal, Arnold Magnetic Technologies Corp., Beijing Shougang Co. Ltd., China BaoWu Steel Group Corp. Ltd., China Steel Corp., Cleveland Cliffs Inc., JFE Holdings Inc., JSW Group, Nippon Steel Corp., NLMK Group, Nucor Corp., POSCO holdings Inc., Steel Authority of India Ltd., Tata Sons Pvt. Ltd., thyssenkrupp AG, United States Steel Corp., voestalpine AG, and Yieh Corp.. AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF Key Market Trends Fueling Growth The Electrical Steel market is experiencing significant growth due to the increasing demand for magnetic materials in various applications. High permeability and low core loss are key magnetic properties driving this trend, as they are essential for efficient energy transfer in electrical devices. Steels with superior resistivity and reduced hysteresis loss are in high demand for applications in solenoids, electric motors, generators, small relays, and power distribution. The power generation sector, including hybrid vehicles and renewable energy sources, is a major consumer of electrical steel. Environmental concerns and the push for sustainability are also impacting the market. Sustainable steel production and the use of recycled materials are becoming increasingly important. Raw material prices, particularly for iron ore, coal, industrial gases, silicon, and ferroalloys, can significantly affect the market. Grain-oriented electrical steel is a popular choice for high-efficiency transformers and inductors in industrial equipment. Energy conservation and the transition to renewable energy sources are key drivers for the market, with wind turbines and hydroelectric plants being significant consumers. The power sector is undergoing modernization, with a focus on smart grids, advanced motor solutions, and electrification. The electrification of transportation, including electric and hybrid cars, is also driving demand for electrical steel. Infrastructure development, including power transmission technologies and distribution networks, is another major market. The use of amorphous alloys and nanocrystalline alloys is increasing for their superior magnetic properties and energy efficiency. Overall, the Electrical Steel market is expected to continue growing due to the increasing demand for energy-efficient electrical devices, renewable energy sources, and sustainable infrastructure. However, raw material prices and environmental challenges, including carbon emissions and climate change, may impact the market's growth. The electrical steel market is experiencing significant growth due to the increasing demand for this material in various industries. Its superior mechanical and magnetic properties make it an essential component in industrial applications. In response to this rising demand, market vendors have been expanding their production capacity. For instance, Ansteel and Ben Gang Group recently merged, becoming the world's third-largest steelmaker with an annual production capacity of 63 million tons of crude steel. Ansteel aims to increase this capacity to 70 million tons by 2025. These expansions are expected to fuel the growth of the electrical steel market in the forecast period. Insights on how AI is driving innovation, efficiency, and market growth- Request Sample! Market Challenges The Electrical Steel market faces several challenges in meeting the growing demand for magnetic materials in various industries. High permeability and low core loss are crucial magnetic properties for applications in solenoids, electric motors, generators, small relays, and power distribution. However, achieving these properties comes with challenges such as hysteresis loss and resistivity. Raw material prices for iron ore, coal, industrial gases, silicon, and ferroalloys impact the cost of production. Non-grain oriented electrical steel has higher hysteresis loss compared to grain oriented, affecting the efficiency of transformers, inductors, and industrial equipment. Environmental challenges, including carbon emissions and climate change, necessitate the transition to sustainable steel production and the use of renewable energy sources. Sustainable infrastructure development and electrification require energy-efficient vehicles, such as electric cars and hybrid cars, and advanced motor solutions. Power sector modernization, including the development of smart grids and advanced power transmission technologies, is essential to meet the increasing energy demand while minimizing energy consumption. The use of high-efficiency transformers and renewable energy sources, such as wind turbines and hydroelectric plants, is crucial to reduce carbon dioxide emissions and promote green technologies. Recycling and the use of amorphous alloys and nanocrystalline alloys in electrical devices are other solutions to address the challenges in the Electrical Steel market. The market must continue to innovate and adapt to meet the evolving needs of various industries and address the environmental challenges of the 21st century. The electrical steel market faces a significant challenge from excess production capacity, leading to low capacity utilization rates. Demand for electrical steel is expected to outpace supply during the forecast period. Factors such as low production costs, subsidies, and attractive interest rates have fueled unstructured capacity expansion in the steel industry. This surplus production in one region can impact manufacturing activities and demand in others, necessitating reasonable trade tariffs to prevent dumping and additional imports. Insights into how AI is reshaping industries and driving growth- Download a Sample Report Segment Overview This electrical steel market report extensively covers market segmentation by 1.1 Grain oriented electrical steel 1.2 Non-grain oriented electrical steel 2.1 Automobiles 2.2 Manufacturing 2.3 Energy generation 3.1 APAC 3.2 Europe 3.3 North America 3.4 Middle East and Africa 3.5 South America 1.1 Grain oriented electrical steel- Grain oriented electrical steel is a specialized type of electrical steel with exceptional magnetic properties, making it essential in various electrical and automotive applications. Its unique characteristics, such as low core loss and high magnetic permeability, enhance the efficiency of transformers and electric motors. The increasing demand for electric motors, transformers, and electric and hybrid vehicles drives the market growth. The automotive industry's shift towards electric vehicles further amplifies the demand due to improved motor performance. As energy-efficient technologies and electric mobility gain adoption, the future prospects for grain oriented electrical steel are promising, making it a crucial material for advancements in both industries. Download complimentary Sample Report to gain insights into AI's impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 - 2022) Research Analysis Electrical steel is a specialized type of steel used in the production of electrical components due to its unique magnetic properties. It is characterized by high permeability, low core loss, and good resistivity, making it ideal for use in applications such as solenoids, electric motors, generators, small relays, power distribution, and electricity generation. The magnetic properties of electrical steel are essential in managing magnetic flux, reducing hysteresis loss, and improving overall efficiency. Applications of electrical steel extend to various sectors, including the power sector, infrastructure development, and renewable energy. In the power sector, it is used in transformers, power grids, and distribution networks for voltage transformation and power transmission. In the renewable energy sector, it is used in wind turbines and solar power systems to maximize energy output and minimize energy loss. Additionally, electrical steel is used in high-efficiency motors, consumer electronics, and power transmission technologies. Grain-oriented electrical steel, such as Powercore, is a popular type of electrical steel due to its high magnetic permeability and uniform grain structure, making it ideal for use in large transformers and generators. Other types of electrical steel, such as distribution transformers and voltage transformation equipment, are used in power distribution networks to ensure stable and efficient power supply. In summary, electrical steel plays a crucial role in various applications, from power generation and distribution to renewable energy and consumer electronics, due to its unique magnetic properties and ability to minimize energy loss. Market Research Overview Electrical steel is a key component in various electrical and electronic applications due to its unique magnetic properties. High permeability and low core loss are essential characteristics, making it suitable for use in solenoids, electric motors, generators, small relays, power distribution, and electricity generation. The magnetic permeability of grain-oriented electrical steel is particularly important in high-efficiency transformers, distribution transformers, and voltage transformation. The demand for electrical steel is driven by the energy sector, including wind turbines, hydroelectric plants, and energy transition. Environmental challenges, such as carbon emissions and climate change, are pushing the need for sustainable infrastructure and green technologies. Recycling and renewable energy sources are also significant factors. Raw material prices, including iron ore, coal, industrial gases, silicon, and ferroalloys, can impact the cost of electrical steel production. The market also includes non-grain oriented and grain-oriented electrical steel, with the latter being preferred for applications requiring high magnetic performance. Electrical steel is used in various industries, including power generation, transmission, and distribution networks, as well as consumer electronics, industrial automation, robotics, and electromobility infrastructure. Energy conservation and efficiency are critical considerations, with a focus on high-efficiency motors, advanced motor solutions, and smart grids. The electrical steel market is influenced by various factors, including hysteresis loss, magnetic flux, and power sector trends. Renewable energy sources, infrastructure development, and electrification are driving growth, while carbon emissions and sustainability concerns are shaping the market's future direction. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation Type Grain Oriented Electrical Steel Non-grain Oriented Electrical Steel End-user Automobiles Manufacturing Energy Generation Geography APAC Europe North America Middle East And Africa South America 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ SOURCE TechnavioPresident-elect Donald Trump has announced plans to pardon individuals involved in the Jan. 6 Capitol riot on his inauguration day. In an interview with NBC News' Kristen Welker, Trump expressed intentions to act swiftly, though he noted potential exceptions for particularly 'radical' actions. The proposed pardons for more than 900 individuals, who have been charged and, in some cases, pleaded guilty, have generated significant debate. While advocates for the rioters express hope for clemency, critics argue it risks incentivizing further unrest and undermines legal accountability. Legal experts and political analysts are divided, with some cautioning against blanket amnesty and highlighting its unprecedented nature. The issue underscores the heightened tensions and complex legal questions surrounding the riot and subsequent prosecutions. (With inputs from agencies.)
This story first appeared in How We Care, a weekly newsletter by Spotlight PA featuring original reporting and perspectives on how we care for one another at all stages of life. Sign up for free here . PITTSBURGH — The staff at the South Hills Salvation Army works hard to make people feel welcome during its weekly food pantry. The week before Thanksgiving, Theresa, 85, enjoyed the buoyant atmosphere as she caught up with friends and sipped refreshments. The spunky Pittsburgh native was eager to snag a block of yellow cheese, which she planned to melt and mix into macaroni. The cheese comes with a parcel of nonperishable foods that’s packed at the Greater Pittsburgh Community Food Bank as part of the Senior Food Box Program. The initiative, jointly funded by the state and U.S. Department of Agriculture, provides low-income older adults with a monthly supply that includes pasta, juice, cereals and canned foods. To qualify, a person must be at least 60 years old and have an annual income of no more than 130% of the federal poverty level, which amounts to less than $20,000 for an individual. Pennsylvania’s Department of Agriculture told Spotlight PA that 18 food banks distribute these boxes to nearly 40,000 people every month — though some 343,000 Pennsylvanians qualify for the program. That number will jump to a projected 645,000 when the state raises the income limit by roughly $3,000 next spring. “We’re really excited about that,” said Colleen Young, the Pittsburgh food bank’s director of government affairs. Young said boxes serve older people who might use other government programs and still struggle with accessing nutritious food. A healthy diet is crucial when managing chronic medical conditions like diabetes or hypertension, which are more common among people 65 and older. Theresa said she signed up for a senior box in 2023, the same year she started shopping at the food pantry. She was having a hard time affording the protein drinks prescribed to her by a dietitian at her dialysis clinic. Back then she was mostly eating hot dogs and ground meat, which was what she could afford. Because of her improved diet, she now feels healthier and has more energy. Spotlight PA is only using Theresa’s first name because she doesn’t want her neighbors to know that she relies on public support to eat. The pantry staples provided by the senior boxes free her from having to choose between buying food and getting enough protein. “Otherwise, I wouldn’t be able to do it. I really wouldn’t. Because I just live on social security,” Theresa said. According to the USDA, in 2023 some 18 million households nationwide dealt with food insecurity, which is defined as not having reliable access to sufficient qualities of nutritious food. As a result, people might skip meals, eat less than they need or consume unhealthy foods that cost less but lack nutrients. Cindy Leung, an assistant professor of public health at Harvard, said children’s struggles with food insecurity get far more research attention than the challenges faced by older adults. One of Leung’s recent studies found that between 1999 and 2003, 12.5% of households with older adults dealt with at least one instance of food insecurity. When the survey was repeated between 2015 and 2019, the rate jumped to 23.1%. For older adults, barriers to balanced meals can include physical limitations that make it difficult to cook or get to a grocery store, Leung said. The AARP Pennsylvania told Spotlight PA that these challenges are compounded by climbing food costs and many retirees having fixed incomes. In addition to senior food boxes, other forms of public support, such as SNAP (formerly known as food stamps), address hunger. But as Allegheny County’s Area Agency on Aging explained, older adults can find the sign-up process confusing. Others might be reluctant to seek out assistance due to stigma or embarrassment. Back at the South Hills Salvation Army, Theresa deposited the box into her trunk, then returned inside to a large room buzzing with caffeinated chatter. Volunteers and staff had set up a makeshift market stocked by the food bank and donations from restaurants and grocers. Theresa gathered a range of foods as she browsed the selection: frozen vegetables, eggs, pre-made salad, a small vanilla cake, fresh produce, Italian sausage and six fragrant cinnamon raisin bagels. The Pittsburgh food bank prefers that older adults collect their boxes in person at distribution sites, like the Salvation Army. This creates opportunities to connect low-income adults to other services such as SNAP or the Low Income Home Energy Assistance Program , which provides grants to subsidize Pennsylvanians’ heating bills. Another benefit of a face-to-face pickup is that it’s social. The USDA reports that older adults who live alone are more likely to be food insecure, and one 2024 study found that food insecurity is “significantly associated” with isolation and loneliness. Isolation is also a risk factor for developing dementia, the neurological condition that affects nearly 1 in 10 Americans older than 65. A recent publication of Leung’s found the same is true for food insecurity: The likelihood of dementia increases twofold among older adults who lack adequate nutrition. “One of the biggest concerns that they probably have is being able to preserve their cognition as they age,” Leung said. Other studies have also found a correlation between food insecurity and cognitive decline. Though this research doesn’t prove that poor nutrition causes dementia, Leung said there’s a clear association — even after considering factors like educational attainment and income. This overlap of cognitive health, loneliness and food makes sense because eating is more than nourishment. It’s cultural, emotional and often how we show people we care. Theresa felt that connection when the Salvation Army staff offered her a surprise: They’d set aside about two dozen of the pricey protein drinks for her. Her voice faltered as she stared down at the crate of white bottles. “It makes you want to cry.” BEFORE YOU GO: If you learned something from this article, pay it forward and contribute to Spotlight PA at spotlightpa.org/donate . Spotlight PA is funded by foundations and readers like you who are committed to accountability journalism that gets results. Get local news delivered to your inbox!
Stocks closed higher on Wall Street, giving the market its fifth gain in a row and notching another record high for the Dow Jones Industrial Average. The S&P 500 rose 0.3% Friday. The Dow added 1%, and the Nasdaq composite tacked on 0.2%. Retailers had some of the biggest gains. Gap soared after reporting quarterly results that easily beat analysts’ estimates. EchoStar fell after DirecTV called off its purchase of that company’s Dish Network unit. European markets closed mostly higher and Asian markets ended mixed. Treasury yields held relatively steady in the bond market. Crude oil prices gained ground. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. Stocks rose on Wall Street in afternoon trading Friday, keeping the market on track for its fifth straight gain. The S&P 500 was up 0.2% and was solidly on track for a weekly gain that will erase most of last week's loss. The Dow Jones Industrial Average climbed 333 points, or 0.8%, and the Nasdaq composite was essentially flat with a gain of less than 0.1% as of 3:07 p.m. Eastern. Markets have been volatile over the last few weeks, losing ground in the runup to elections in November, then surging following Donald Trump's victory, before falling again. The S&P 500 has been steadily rising throughout this week to within close range of its record. “Overall, market behavior has normalized following an intense few weeks,” said Mark Hackett, chief of investment research at Nationwide, in a statement. Several retailers jumped after giving Wall Street encouraging financial updates. Gap soared 10.8% after handily beating analysts' third-quarter earnings and revenue expectations, while raising its own revenue forecast for the year. Discount retailer Ross Stores rose 1.5% after raising its earnings forecast for the year. EchoStar fell 2.4% after DirecTV called off its purchase of that company's Dish Network unit. Smaller company stocks had some of the biggest gains. The Russell 2000 index rose 1.8%. A majority of stocks in the S&P 500 were gaining ground, but those gains were kept in check by slumps for several big technology companies. Nvidia fell 3.3%. Its pricey valuation makes it among the heaviest influences on whether the broader market gains or loses ground. The company has grown into a nearly $3.6 trillion behemoth because of demand for its chips used in artificial-intelligence technology. Intuit, which makes TurboTax and other accounting software, fell 5.6%. It gave investors a quarterly earnings forecast that fell short of analysts’ expectations. Facebook owner Meta Platforms fell 0.8% following a decision by the Supreme Court to allow a multibillion-dollar class action investors’ lawsuit to proceed against the company. It stems from the privacy scandal involving the Cambridge Analytica political consulting firm. European markets closed mostly higher and Asian markets ended mixed. Crude oil prices rose. Treasury yields held relatively steady in the bond market. The yield on the 10-year Treasury fell to 4.41% from 4.42% late Thursday. In the crypto market, Bitcoin hovered around $99,000, according to CoinDesk. It has more than doubled this year and first surpassed the $99,000 level on Thursday. Retailers remained a big focus for investors this week amid close scrutiny on consumer spending habits headed into the holiday shopping season. Walmart, the nation's largest retailer, reported a quarter of strong sales and gave investors an encouraging financial forecast. Target, though, reported weaker earnings than analysts' expected and its forecast disappointed Wall Street. Consumer spending has fueled economic growth, despite a persistent squeeze from inflation and high borrowing costs. Inflation has been easing and the Federal Reserve has started trimming its benchmark interest rates. That is likely to help relieve pressure on consumers, but any major shift in spending could prompt the Fed to reassess its path ahead on interest rates. Also, any big reversals on the rate of inflation could curtail spending. Consumer sentiment remains strong, according to the University of Michigan's consumer sentiment index. It revised its latest figure for November to 71.8 from an initial reading of 73 earlier this month, though economists expected a slight increase. It's still up from 70.5 in October. The survey also showed that consumers' inflation expectations for the year ahead fell slightly to 2.6%, which is the lowest reading since December of 2020. Wall Street will get another update on how consumers feel when the business group The Conference Board releases its monthly consumer confidence survey on Tuesday. A key inflation update will come on Wednesday when the U.S. releases its October personal consumption expenditures index. The PCE is the Fed's preferred measure of inflation and this will be the last PCE reading prior to the central bank's meeting in December.
Bucks snap a 2-game skid with a 118-113 victory over the Nets
Arsenal make Mikel Arteta proud after smashing Sporting LisbonAll S&T Division section officers transferred With approval of federal secretary science and technology, formal orders have been issued ISLAMABAD: Almost all the section officers in the Science and Technology Division have been transferred. Assistant Scientific Adviser (IL III) Khurram Khalid has been relieved as Section Officer (Coord/LIT) and has also been given additional charge of Section Officer (State). Section Officer (Organisation III) Huma has been transferred and posted as Section Officer (F&A), Section Officer (Organisation III) Rida Noor has been transferred, Section Officer (Organization II) Najibullah Mandokhel has been transferred and posted as Section Officer (Organisation I), Section Officer (Organisation I) Rashid Shah Rashidi has been transferred and posted as Section Officer (Organisation II), Section Officer (Estate) Amjad Alam Sher Malik has been posted Section Officer (Organisation Coordination/LIT). With the approval of federal secretary science and technology, formal orders have been issued.
In a recent post on the social media platform X, CryptoQuant CEO Ki Young Ju raised doubts about the potential for the U.S. to adopt a national Bitcoin reserve during Donald Trump’s incoming presidential term. Young Ju expressed support for the idea of a Bitcoin standard, yet questioned whether the U.S. would embrace Bitcoin as a strategic asset without a significant threat to its global economic dominance. Despite Trump’s campaign promise to establish a national Bitcoin reserve — a pledge that has intrigued cryptocurrency supporters and analysts alike — Young Ju remains skeptical about its implementation. Following Trump’s election, Bitcoin saw unprecedented price increases, reaching an all-time high of over $108,300. However, even prior to Trump’s apparent pivot towards Bitcoin, the U.S. had already been leading in Bitcoin mining, accounting for approximately 37.8% of the world’s hash rate as of 2022. The U.S. dollar continues to exert significant international influence, accounting for 58% of all trade and 59% of currency reserves worldwide. Young Ju posits that the U.S. would only consider a strategic Bitcoin reserve if it felt its global supremacy was endangered. Historically, the U.S. has responded to perceived threats to its economic dominance with increased interest in alternative financial standards, much like previous debates regarding the gold standard. Economic and geopolitical developments have prompted more Koreans to favor U.S. dollars over gold and Bitcoin as safe-haven assets, reflecting broader global sentiments towards the dollar’s stability. This raises questions about the evolution of U.S. economic policies under Trump’s leadership. Trump, historically a critic of cryptocurrency, has shifted his public stance, particularly during the 2024 campaign. His previous comments criticized Bitcoin and other cryptocurrencies, labeling them as unstable and unregulated assets conducive to illicit activities. Young Ju suggests that Trump’s embrace of Bitcoin could be politically motivated. He notes the uncertainty surrounding how firmly Trump would hold to his pro-Bitcoin campaign rhetoric if he successfully bolstered U.S. economic resilience and the dollar’s dominance. Young Ju questions whether Trump’s mention of Bitcoin at the BTC Conference signifies a genuine step towards a Bitcoin standard or a calculated move to secure electoral support. The broader cryptocurrency community remains watchful as geopolitical shifts and economic uncertainties continue to shape market dynamics and policymakers’ approaches to digital assets.
Prime Minister Narendra Modi on Tuesday recalled the 26/11 terrorist attacks and reiterated that every terrorist organisation challenging India's security will be dealt with a befitting reply. NEW DELHI: Speaking at a function organised by Supreme Court to celebrate the 75th year of the adoption of the Constitution, PM Modi said, "In discharging the duties entrusted to me by the Constitution, I have always strived to remain within the boundaries set by the Constitution." The remark was possibly aimed at SCBA president and MP Kapil Sibal, who said that to protect the values of the Constitution and centrality of the people of India to governance, SC must keep reminding govt of the day about its duties to preserve the independence of the judiciary. The PM said, "Some wise man raised this issue, that's why I thought it fit to place my view. For this august gathering, a hint is enough and requires no elaboration." Modi began his speech by paying homage to victims of the 26/11 terror attack in Mumbai and said while the country celebrates Constitution Day and pays homage to the framers of the Constitution, which remains the guiding light for his govt, "we must not forget the heinous terror attack on this day in 2008. I pay homage to those innocents who lost their lives." "I am reiterating the resolve of the country that every terror outfit which challenges the safety and security of the country will get a befitting response (muh tod jawab)," he said, hinting that the response of the then UPA govt to 26/11 was delayed and inadequate. The PM outlined the work of his govt in the last 10 years, and said: "Our aim is to provide a dignified quality of life to every citizen and achieve social justice." "The humane values of Ram, Sita, Hanuman, Buddha, Mahavir and Nanak, whose pictures adorn the pages of the original Constitution, are at the core of our policies," he said. Modi said Constituent Assembly chairperson Rajendra Prasad had said the country needed people at the helm of governance who do not want anything for themselves but keep the nation as the priority. He said his govt functions on the mantra of 'nation first'. CJI Sanjiv Khanna said judges while discharging their duties walk a razor's edge and attempt a balancing act while deciding issues involving conflict between rights of people. He said faith of the people is foremost for the judiciary along with transparency, efficiency and accountability. Referring to the oft-repeated political barb, "tyranny of unelected", for constitutional court judges, the CJI said, "Imagine a world where judges campaign for votes, solicit views and decisions from the public and make promises about future judgments. This ensures that its decisions are unbiased, without affection or ill-will, free from external pressures and guided solely by the Constitution and the law. Therefore, it is said that administration of justice is the firmest pillar of governance." CJI Khanna said though pendency of cases has crossed the dreaded five-crore mark, the disposal rate of cases registered a remarkable 102% this year in trial courts and 97% in SC. The institution of an equally high number of cases shows the faith of people in the judiciary, and the rate of disposal reflects the efficiency of the justice delivery system, the CJI said. While Justice B R Gavai gave the welcome address, Justice Surya Kant gave the vote of thanks. Centrality of rule of law in justice dispensation was the overlapping themes of the brief addresses of both SC judges. Minister of state for law and justice Arjun Ram Meghwal said the Constitution is a dynamic document that allows govt to achieve its objectives through policies for social justice.Fleeing Assad Reportedly Arrives In MoscowMatt Gaetz offers himself up on Cameo to ‘bring joy’ after failed attorney general bid. But it’ll cost youCanadian Pacific Kansas City Limited (TSE:CP) Senior Officer Keith E. Creel Sells 51,727 Shares
Dean also had five rebounds and four steals for the Rams (6-5). Jackie Johnson III had 16 points and six assists. Abdou Tsimbila finished with 10 points and eight rebounds. The Black Bears (6-5) were led by AJ Lopez with 24 points. Keelan Steele added 10 points and two steals. Christopher Mantis scored eight. Fordham took the lead with 18:36 left in the first half and never looked back. Dean led their team in scoring with nine points in the first half to help put them up 37-23 at the break. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .Carbon Revolution Announces Receipt of Non-Compliance Letter from Nasdaq