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U.S. stock indexes edged higher in morning trading Tuesday, as gains for some Big Tech stocks made up for weakness elsewhere in the market. The S&P 500 rose 0.4%. The Dow Jones Industrial Average was up 14 points, or 0.1%, as of 9:58 a.m. Eastern time. The tech-heavy Nasdaq composite was up 0.7%. Gains in technology, financial and other sectors tempered a pullback by health care, energy and other stocks. Chip company Broadcom rose 1.3%, while semiconductor giant Nvidia, whose enormous valuation gives it an outsize influence on indexes, rose 1.2%. American Airlines fell 1.2% after the airline briefly grounded flights nationwide due to a technical issue. U.S. Steel slipped 0.5% a day after an influential government panel failed to reach consensus on the possible national security risks of the nearly $15 billion proposed sale to Nippon Steel of Japan. Treasury yields rose in the bond market. The yield on the 10-year Treasury rose to 4.62% from 4.59% late Monday. European markets were mostly higher. Markets in Asia mostly gained ground. U.S. markets will close at 1 p.m. Eastern and stay closed Wednesday for Christmas. Wall Street has several economic reports to look forward to this week, including a weekly update on unemployment benefits on Thursday.
WASHINGTON — Treasury Secretary Janet Yellen said her agency will need to start taking “extraordinary measures,” or special accounting maneuvers intended to prevent the nation from hitting the debt ceiling, as early as January 14, in a letter sent to congressional leaders Friday afternoon. "Treasury expects to hit the statutory debt ceiling between January 14 and January 23," she wrote in a letter addressed to House and Senate leadership, at which point extraordinary measures would be used to prevent the government from breaching the nation's debt ceiling — which was suspended until Jan. 1, 2025. The department in the past deployed what are known as “extraordinary measures” or accounting maneuvers to keep the government operating. Once those measures run out, the government risks defaulting on its debt unless lawmakers and the president agree to lift the limit on the U.S. government’s ability to borrow. "I respectfully urge Congress to act to protect the full faith and credit of the United States," Yellen said. The news came after Democratic President Joe Biden signed a bill into law last week that averted a government shutdown but did not include Republican President-elect Donald Trump’s core debt demand to raise or suspend the nation’s debt limit. Congress approved the bill only after a fierce internal debate among Republicans over how to handle Trump's demand. “Anything else is a betrayal of our country,” Trump said in a statement. After a protracted debate in the summer of 2023 over how to fund the government, policymakers crafted the Fiscal Responsibility Act, which included suspending the nation's $31.4 trillion borrowing authority until Jan. 1, 2025. Notably however, Yellen said, on Jan. 2 the debt is projected to temporarily decrease due to a scheduled redemption of nonmarketable securities held by a federal trust fund associated with Medicare payments. As a result, “Treasury does not expect that it will be necessary to start taking extraordinary measures on January 2 to prevent the United States from defaulting on its obligations," she said. The federal debt stands at about $36 trillion — after ballooning across both Republican and Democratic administrations. The spike in inflation after the COVID-19 pandemic pushed up government borrowing costs such that debt service next year will exceed spending on national security. Republicans, who will have full control of the White House, House and Senate in the new year, have big plans to extend Trump's 2017 tax cuts and other priorities but are debating over how to pay for them.
The Reform UK leader pushed back against reports suggesting that legal action would be the next step, saying he would make a decision in the next couple of days about his response if there is no apology for the “crazy conspiracy theory”. Mr Farage also said the party has “opened up our systems” to media outlets, including The Daily Telegraph and The Financial Times, in the interests of “full transparency to verify that our numbers are correct”. His remarks came after Conservative Party leader Kemi Badenoch accused Mr Farage of “fakery” in response to Reform claiming they had surpassed the Tories in signed-up members. Mrs Badenoch said Reform’s counter was “coded to tick up automatically”. A digital counter on the Reform website showed a membership tally before lunchtime on Boxing Day ticking past the 131,680 figure declared by the Conservative Party during its leadership election earlier this year. Mr Farage, on whether he was threatening legal action or not, told the PA news agency: “I haven’t threatened anything. I’ve just said that unless I get an apology, I will take some action. “I haven’t said whether it’s legal or anything.” He added: “All I’ve said is I want an apology. If I don’t get an apology, I will take action. “I will decide in the next couple of days what that is. So I’ve not specified what it is.” Mr Farage, on the move to make membership data available to media organisations, said: “We feel our arguments are fully validated. “She (Mrs Badenoch) has put out this crazy conspiracy theory and she needs to apologise.” The accusations of fraud and dishonesty made against me yesterday were disgraceful. Today we opened up our systems to The Telegraph, Spectator, Sky News & FT in the interests of full transparency to verify that our data is correct. I am now demanding @KemiBadenoch apologises. — Nigel Farage MP (@Nigel_Farage) December 27, 2024 On why Mrs Badenoch had reacted as she did, Mr Farage said: “I would imagine she was at home without anybody advising her and was just angry.” Mr Farage, in a statement issued on social media site X, also said: “The accusations of fraud and dishonesty made against me yesterday were disgraceful. “Today we opened up our systems to The Telegraph, Spectator, Sky News and FT in the interests of full transparency to verify that our data is correct. “I am now demanding Kemi Badenoch apologises.” A Conservative Party source claimed Mr Farage was “rattled” that his Boxing Day “publicity stunt is facing serious questions”. They added: “Like most normal people around the UK, Kemi is enjoying Christmas with her family and looking forward to taking on the challenges of renewing the Conservative Party in the New Year.” Mrs Badenoch, in a series of messages posted on X on Thursday, said: “Farage doesn’t understand the digital age. This kind of fakery gets found out pretty quickly, although not before many are fooled.” There were 131,680 Conservative members eligible to vote during the party’s leadership election to replace Rishi Sunak in the autumn. Mrs Badenoch claimed in her thread that “the Conservative Party has gained thousands of new members since the leadership election”. Elsewhere, Mr Farage described Elon Musk as a “bloody hero” and said he believes the US billionaire can help attract younger voters to Reform. Tech entrepreneur Mr Musk met Mr Farage earlier this month at Donald Trump’s Mar-a-Lago resort in Florida, amid rumours of a possible donation to either Mr Farage or Reform. Mr Farage told The Daily Telegraph newspaper: “The shades, the bomber jacket, the whole vibe. Elon makes us cool – Elon is a huge help to us with the young generation, and that will be the case going on and, frankly, that’s only just starting. “Reform only wins the next election if it gets the youth vote. The youth vote is the key. Of course, you need voters of all ages, but if you get a wave of youth enthusiasm you can change everything. “And I think we’re beginning to get into that zone – we were anyway, but Elon makes the whole task much, much easier. And the idea that politics can be cool, politics can be fun, politics can be real – Elon helps us with that mission enormously.”
This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. Read this article for free: Already have an account? To continue reading, please subscribe: * This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. Read unlimited articles for free today: Already have an account? This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. ___ Authors: Jill Moffatt, PhD Candidate in Human Kinetics, Olympian, Laurentian University; Andrea Bundon, Associate Professor, School of Kinesiology, University of British Columbia; Ann Pegoraro, Lang Chair in Sport Management, Lang School of Business and Economics, University of Guelph, and Kerry McGannon, Professor, School of Kinesiology & Health Sciences, Laurentian University Being an athlete while also being a mother often comes with challenges. On top of their professional and parental duties, athlete mothers often contend with inequalities and media coverage that reinforces stereotypes. Pregnancy and motherhood are reasons why some sportswomen end their careers. Many athletes grapple with sport organizations that are unprepared to support them as mothers, alongside cultural pressures to focus on just motherhood. Yet, many athletes have pursued both motherhood and their athletic ambitions and gained professional success and media attention. Acceptance of motherhood and sport careers is shifting. The 2024 Paris Olympics supported athlete mothers by providing spaces for child care, and mothers in the Professional Women’s Hockey League are gaining media attention. Media coverage of athlete mothers has been increasingly showcasing how they can have successful sporting careers. It also helps to expose inequalities as they push for support for their careers. These include limited information about training during pregnancy and postpartum, lack of support for family planning, inadequate maternity and child-care policies and insufficient support for identity and career changes. As part of our recently published research, we analyzed news and sport media coverage of 2020 and 2024 Olympic athlete mothers to reveal several themes. We also explored media reports about athlete mothers’ sport comebacks. Athlete mothers Our research reveals that sport media portrays the idea of being both an athlete and a mother as possible, but with challenges. Athlete mothers must often contend with social expectations that women should do everything for their children, including sacrificing career ambitions. Our research on media stories of boxer Mandy Bujold’s and basketball player Kim Gaucher’s 2020 Olympic journeys highlights how motherhood can be a penalty in sport. Bujold was returning to top form after giving birth, but the pandemic forced the International Boxing Federation to cancel all upcoming Olympic qualification events. They subsequently reverted to pre-pandemic rankings, which excluded Bujold, as she was on maternity leave. Gaucher was told there would be no children allowed at the Games. She was forced to choose between competing at the Olympics or staying home to breastfeed her daughter. After telling their stories in the media and hiring a lawyer, Bujold retained her ranking and Gaucher was able to bring her daughter to the Olympics to breastfeed her. These two examples highlight the inequitable treatment and stress athlete mothers have to face. They also show that motherhood and sport are compatible. When the media elevates sportswomen’s fight for maternity rights, change is possible and celebrated. Super moms Our research on Olympic athlete mothers’ sporting comebacks shows media stories featuring “super mums” as the stars. Super mums are portrayed as selfless providers of child-care who excel in motherhood and their athletic careers. The super mum character in media stories celebrates these sportswomen’s accomplishments. However, the super mum narrative can also ignore the difficulties of balancing motherhood and sport without support. There is a lack of postpartum training guidelines among national and international sporting bodies, and lack of funding to support athlete mothers. The expectation that they have to be able to “do it all” can make any mother feel inadequate. Canadian freestyle skier Cassie Sharpe recently spoke about the pressure this narrative places on athlete mothers: “When I got pregnant, I kind of was just like ‘that’s all, I’m done.’ At the time in my mind, there was just no way that [a return to competition] was going to work. I was like, ‘I can’t do that. I’m not a superhero.’” Kenyan Olympic track athlete Faith Kipyegon revealed health issues and fears she had when coming back to sport. Kipyegon managed to train until she was about five months pregnant, but the delivery was traumatic. She needed an emergency C-section to deliver her daughter. “I was so afraid, [thinking], ‘Maybe I will not come back, I will just disappear’,” she said. These examples showcase the realities elite athlete mothers continue to face. Sports journalist Shireen Ahmed has written about how it is unreasonable to expect athlete mothers to be superwomen: “Yes, that is unrealistic, but sometimes that is what we are faced with. It doesn’t always manifest gracefully, but there it is.” Ahmed’s reporting of athlete mothers’ stories is groundbreaking, as she celebrates their athleticism while exposing some of the challenges they face. A motherhood penalty While elite women athletes are applauded for their experience and success, they can also face a motherhood penalty in the form of reduced career expectations and support. Despite having experience or previous success, media stories often represent these athletes as exceptions who come back to their careers against all odds. This may reflect veteran athletes navigating an underestimated, but successful, postpartum comeback with less resources. When older athlete mothers do succeed, there is sometimes a shock and surprise narrative in media coverage. This narrative may reinforce stereotypes that motherhood ends fitness and competitive sporting goals. Veteran Canadian Olympian Malindi Elmore’s marathon running performance qualified her for the 2020 Olympics, despite her age and her retirement from 1500 m running 17 years earlier. Last September, Elmore set a personal best in the marathon to qualify for Paris 2024 at 43, showing that continued career success as a mother is possible. Changing the way these comeback stories are discussed can reduce pressure for veteran athlete mothers coming back to sport. What next? The themes from our research shows that media stories of motherhood and sport are shifting to celebrate women’s sport careers. Media stories that reflect the realities of athlete motherhood and more diverse athlete mothers are needed. There should also be more coverage of racialized and LGBTQ+ mothers and athlete mothers with disabilities. Such coverage would reveal their shared and unique challenges and triumphs, and would offer a more fulsome portrayal of athlete motherhood. ___ Jill Moffatt receives funding from Social Sciences and Humanities Research Council of Canada (SSHRC). Andrea Bundon receives funding from Social Sciences and Humanities Research Council of Canada (SSHRC). Ann Pegoraro receives funding from SSHRC, CFI and MITACS. Kerry McGannon receives funding from Social Sciences and Humanities Research Council of Canada (SSHRC). ___ This article is republished from The Conversation under a Creative Commons license. Disclosure information is available on the original site. Read the original article: https://theconversation.com/changing-the-narrative-about-athlete-mothers-comeback-stories-244022 Advertisement Advertisement
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