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In a heated political exchange, Republican senators are rallying behind Tulsi Gabbard, President Donald Trump's nominee for director of national intelligence, against accusations from Democrats. The central claim is that Gabbard's actions and statements suggest a troubling proximity to Russia, raising concerns about her suitability for the role. Senator Tammy Duckworth, a Democrat from Illinois, has voiced apprehensions regarding Gabbard's 2017 meeting with Syrian President Bashar Assad, an ally of Russia. She fears these associations might hinder Gabbard's ability to pass a necessary background check. Tulsi Gabbard, who served as a Democratic congresswoman, recently announced her shift to the Republican party. Republican Senator Markwayne Mullin criticized these accusations as unfounded, asserting they are politically motivated due to Gabbard's allegiance switch. Amidst this political turmoil, key figures within the intelligence community express concerns that Gabbard's appointment might compromise international trust and collaboration. (With inputs from agencies.)
BOSTON (AP) — Jaylen Brown scored the Celtics’ first 15 points on five consecutive 3-pointers and finished with 29 points, before Boston withstood a late charge to beat the Minnesota Timberwolves 107-105 on Sunday. Jayson Tatum added 26 points and eight rebounds to help Boston post a season-high fifth straight victory. Anthony Edwards had 28 points and nine rebounds for Minnesota, which has lost five of its last seven. Julius Randle added 23 points, and Rudy Gobert finished with 10 points and 20 rebounds, his eighth double-double of the season. Minnesota got within 55-54 early in the third quarter, before a 14-0 run by Boston. The spurt featured four 3s by the Celtics, including two by Tatum. The lead grew to 79-60 with 4:26 to play in the period. But the Timberwolves chipped it all the way down in the fourth, getting within 107-105 with 34 seconds left on a driving layup by Randle. Timberwolves: Minnesota will be looking to for some wins at home, after dropping four of its last five on the road. Celtics: The Celtics have struggled at home at times this season but improved to 6-2 at the Garden. The Timberwolves had the ball with 7.1 seconds and a chance to win. Edwards got the inbounds and tried to drive on Brown. But he was cut off, and the ball swung to Naz Reid, who failed to get off a 3 as time expired. Boston assisted on 25 of its 37 made field goals. The Timberwolves host Houston in NBA Cup play on Tuesday, beginning a four-game homestand. The Celtics host the Los Angeles Clippers on Monday night. AP NBA: https://apnews.com/hub/nba
India’s former Prime Minister Manmohan Singh, widely regarded as the architect of India’s economic reform program and a landmark nuclear deal with the United States, has died. He was 92. Singh was admitted to New Delhi’s All India Institute of Medical Sciences late Thursday after his health deteriorated due to a “sudden loss of consciousness at home,” the hospital said in a statement. “Resuscitative measures were started immediately at home. He was brought to the Medical Emergency” at 8:06 p.m., the hospital said, but “despite all efforts, he could not be revived and was declared dead at 9:51 PM.” Singh was being treated for “age-related medical conditions,” the statement said. A mild-mannered technocrat, Singh became one of India’s longest-serving prime ministers for 10 years and leader of the Congress Party in the Parliament's Upper House, earning a reputation as a man of great personal integrity. He was chosen to fill the role in 2004 by Sonia Gandhi, the widow of assassinated Prime Minister Rajiv Gandhi. But his sterling image was tainted by allegations of corruption against his ministers. Singh was reelected in 2009, but his second term as prime minister was clouded by financial scandals and corruption charges over the organization of the 2010 Commonwealth Games. This led to the Congress Party’s crushing defeat in the 2014 national election by the Hindu nationalist Bharatiya Janata Party under the leadership of Narendra Modi. Singh adopted a low profile after relinquishing the post of prime minister. Prime Minister Modi, who succeeded Singh in 2014, called him one of India’s “most distinguished leaders” who rose from humble origins and left “a strong imprint on our economic policy over the years.” “As our Prime Minister, he made extensive efforts to improve people’s lives,” Modi said in a post on social platform X. He called Singh’s interventions in Parliament as a lawmaker “insightful” and said “his wisdom and humility were always visible.” Rahul Gandhi, from the same party as Singh and the opposition leader in the lower house of the Indian Parliament, said Singh’s “deep understanding of economics inspired the nation” and that he “led India with immense wisdom and integrity.” “I have lost a mentor and guide. Millions of us who admired him will remember him with the utmost pride,” Gandhi wrote on X. Born on Sept. 26, 1932, in a village in the Punjab province of undivided India, Singh’s brilliant academic career took him to Cambridge University in Britain, where he earned a degree in economics in 1957. He then got his doctorate in economics from Nuffield College at Oxford University in 1962. Singh taught at Panjab University and the prestigious Delhi School of Economics before joining the Indian government in 1971 as economic advisor in the Commerce Ministry. In 1982, he became chief economic adviser to the Finance Ministry. He also served as deputy chair of the Planning Commission and governor of the Reserve Bank of India. As finance minister, Singh in 1991 instituted reforms that opened up the economy and moved India away from a socialist-patterned economy and toward a capitalist model in the face of a huge balance of payments deficit, skirting a potential economic crisis. His accolades include the 1987 Padma Vibhushan Award, India’s second-highest civilian honor; the Jawaharlal Nehru Birth Centenary Award of the Indian Science Congress in 1995; and the Asia Money Award for Finance Minister of the Year in 1993 and 1994. Singh was a member of India’s Upper House of Parliament and was leader of the opposition from 1998 to 2004 before he was named prime minister. He was the first Sikh to hold the country’s top post and made a public apology in Parliament for the 1984 Sikh Massacre in which some 3,000 Sikhs were killed after then-Prime Minister Indira Gandhi was assassinated by Sikh bodyguards. Under Singh, India adopted a Right to Information Act in 2005 to promote accountability and transparency from government officials and bureaucrats. He was also instrumental in implementing a welfare scheme that guaranteed at least 100 paid workdays for Indian rural citizens. The coalition government he headed for a decade brought together politicians and parties with differing ideologies that were rivals in the country’s various states. In a move hailed as one of his biggest achievements apart from economic reforms, Singh ended India’s nuclear isolation by signing a deal with the U.S. that gave India access to American nuclear technology. But the deal hit his government adversely, with Communist allies withdrawing support and criticism of the agreement growing within India in 2008 when it was finalized. Singh adopted a pragmatic foreign policy approach, pursuing a peace process with nuclear rival and neighbor Pakistan. But his efforts suffered a major setback after Pakistani militants carried out a massive gun and bomb attack in Mumbai in November 2008. He also tried to end the border dispute with China, brokering a deal to reopen the Nathu La pass into Tibet, which had been closed for more than 40 years. His 1965 book, “India’s Export Trends and Prospects for Self-Sustained Growth,” dealt with India’s inward-oriented trade policy. Singh is survived by his wife Gursharan Kaur and three daughters.
Iceland set for change of government as polls closeThe Chiefs are signing free agent left tackle D.J. Humphries, according to multiple reports. Ian Rapoport of NFL Media reports that the Chiefs are paying him up to $4.5 million for the rest of the season. Humphries is medically cleared to return to play after recovering from a torn ACL in Week 17 of last year. He visited the Giants in October, but they didn’t offer him a contract. Humphries, 30, spent his first nine seasons with the Cardinals after they made him a first-round draft pick. He has started all 98 of the games he has played in his career, including 15 last season. He made the Pro Bowl in 2021.
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MAA Announces Regular Quarterly Preferred DividendLOS ANGELES — The Dodgers’ signing of Blake Snell became official Saturday, adding the two-time Cy Young Award winner to front a starting rotation stocked with question marks. Snell, who will turn 32 next week, agreed to a five-year, $182 million contract that includes a $52 million signing bonus and $65 million in deferred salary. That deal was pending a physical which Snell passed. The 2018 American League Cy Young Award winner with the Tampa Bay Rays, Snell won the National League Cy Young in 2023 after going 14-9 with a 2.25 ERA for the San Diego Padres. He became a free agent last winter but stayed on the market well into March looking for a long-term deal that never materialized despite his Cy Young history. The Dodgers were involved with Snell at one point before he signed a two-year, $62 million contract with the San Francisco Giants that included an opt-out clause. He exercised that opt-out after going 5-3 with a 3.12 ERA in an injury-interrupted season with the Giants. He had 145 strikeouts and just 44 walks in 104 innings. But he made just 20 starts due to two trips to the injured list with a groin injury (likely related to his late signing affecting his preparation for the season). The 20 starts were his fewest in a full season since his rookie year in 2016 (19 starts). Snell goes to the front of a rotation that includes a number of players returning from injury and/or surgery. Shohei Ohtani is expected to return to pitching after undergoing his second Tommy John surgery in September 2023. But his return to the mound will be delayed by surgery on his non-throwing shoulder following the World Series. Yoshinobu Yamamoto finished the 2024 season healthy but missed three months with a rotator cuff strain. Neither he nor Ohtani will be asked to pitch on less than five days of rest and the Dodgers are planning to go with a six-man rotation in 2025. Related Articles Tyler Glasnow’s 2024 season ended early with an elbow injury and his status for 2025 is uncertain. Tony Gonsolin will be returning from Tommy John surgery. Dustin May did not pitch in 2024 while recovering from his own elbow surgery and a torn esophagus. Emmet Sheehan is expected back at some point in 2025 after his Tommy John surgery. Clayton Kershaw is expected to re-sign at some point. But he underwent foot and knee surgeries in November and is not likely to be available for a full season. Walker Buehler and Jack Flaherty are free agents. The Dodgers will start the 2025 season early again with another trip to Asia. They are scheduled to open the regular season with two games against the Chicago Cubs on March 18 and 19 in Tokyo.A Pakistan without Benazir Bhutto
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Israeli aggression in Gaza kills over 44,211 Palestinians since October 2023Nawaz Sharif always think for welfare of people: MNA KheealCHICAGO--(BUSINESS WIRE)--Dec 2, 2024-- XAI Octagon Floating Rate & Alternative Income Trust (the “Trust”) has declared its regular monthly distribution of $0.077 per share on the Trust’s common shares (NYSE: XFLT), payable on December 30, 2024, to common shareholders of record as of December 16, 2024, as noted below. The amount of the distribution represents a 9.41% decrease from the previous month's distribution of $0.085 per share. The Trust’s investment objective is to seek attractive total return with an emphasis on income generation across multiple stages of the credit cycle. The Trust’s investment portfolio is comprised largely of floating-rate credit instruments and other structured credit investments. In the past three months, the Federal Reserve has cut the base rate twice resulting in a 0.75% decline in interest rates, impacting floating rate securities’ income generation. As a result, the Trust’s net investment income has declined. With the new distribution amount of $0.077 per share, the Trust’s annualized distribution rate on market price is 13.28% and the annualized distribution rate on NAV is 13.85% as of market close on November 26, 2024. The following dates apply to the declaration: Common share distributions may be paid from net investment income (regular interest and dividends), capital gains and/or a return of capital. The specific tax characteristics of the distributions will be reported to the Trust’s common shareholders on Form 1099 after the end of the 2024 calendar year. Shareholders should not assume that the source of a distribution from the Trust is net income or profit. For further information regarding the Trust’s distributions, please visit www.xainvestments.com . * * * XFLT Q3 Webinar The Trust plans to host its Quarterly Webinar on December 6, 2024, at 11:00 am (Eastern Time). Kevin Davis, Managing Director at XA Investments will moderate the Q&A style webinar with Kimberly Flynn, President at XA Investments, and Lauren Law, Senior Portfolio Manager at Octagon Credit Investors. TO JOIN VIA WEB: Please go to the Knowledge Bank section of xainvestments.com or click here to find the online registration link. TO USE YOUR TELEPHONE : After joining via web, if you prefer to use your phone for audio, you must select that option and call in using a number below, based on your current location. Dial : (720) 928-9299 or (213) 338-8477 or (267) 831-0333 or (312) 626-6799 or (646) 558-8656 Webinar ID : 845 9508 2601 REPLAY: A replay of the webinar will be available in the Knowledge Bank section of xainvestments.com * * * The Trust’s net investment income and capital gain can vary significantly over time; however, the Trust seeks to maintain more stable common share monthly distributions over time. The Trust’s investments in CLOs are subject to complex tax rules and the calculation of taxable income attributed to an investment in CLO subordinated notes can be dramatically different from the calculation of income for financial reporting purposes under accounting principles generally accepted in the United States (“U.S. GAAP”), and, as a result, there may be significant differences between the Trust’s GAAP income and its taxable income. The Trust’s final taxable income for the current fiscal year will not be known until the Trust’s tax returns are filed. As a registered investment company, the Trust is subject to a 4% excise tax that is imposed if the Trust does not distribute to common shareholders by the end of any calendar year at least the sum of (i) 98% of its ordinary income (not taking into account any capital gain or loss) for the calendar year and (ii) 98.2% of its capital gain in excess of its capital loss (adjusted for certain ordinary losses) for a one-year period generally ending on October 31 of the calendar year (unless an election is made to use the Trust’s fiscal year). In certain circumstances, the Trust may elect to retain income or capital gain to the extent that the Board of Trustees, in consultation with Trust management, determines it to be in the interest of shareholders to do so. The common share distributions paid by the Trust for any particular period may be more than the amount of net investment income from that period. As a result, all or a portion of a distribution may be a return of capital, which is in effect a partial return of the amount a common shareholder invested in the Trust, up to the amount of the common shareholder’s tax basis in their common shares, which would reduce such tax basis. Although a return of capital may not be taxable, it will generally increase the common shareholder’s potential gain, or reduce the common shareholder’s potential loss, on any subsequent sale or other disposition of common shares. The distribution shall be paid on the Payment Date unless the payment of such distribution is deferred by the Board of Trustees upon a determination that such deferral is required in order to comply with applicable law to ensure that the Trust remains solvent and able to pay its debts as they become due and continue as a going concern, or to comply with the applicable terms or financial covenants of the Trust’s senior securities. Future common share distributions will be made if and when declared by the Trust’s Board of Trustees, based on a consideration of number of factors, including the Trust’s continued compliance with terms and financial covenants of its senior securities, the Trust’s net investment income, financial performance and available cash. There can be no assurance that the amount or timing of common share distributions in the future will be equal or similar to that described herein or that the Board of Trustees will not decide to suspend or discontinue the payment of common share distributions in the future. * * * The investment objective of the Trust is to seek attractive total return with an emphasis on income generation across multiple stages of the credit cycle. The Trust seeks to achieve its investment objective by investing in a dynamically managed portfolio of opportunities primarily within the private credit markets. Under normal market conditions, the Trust will invest at least 80% of its Managed Assets in floating rate credit instruments and other structured credit investments. There can be no assurance that the Trust will achieve its investment objective. The Trust’s common shares are traded on the New York Stock Exchange under the symbol “XFLT,” and the Trust’s 6.50% Series 2026 Term Preferred Shares are traded on the New York Stock Exchange under the symbol “XFLTPRA”. About XA Investments XA Investments LLC (“XAI”) serves as the Trust’s investment adviser. XAI is a Chicago-based firm founded by XMS Capital Partners in 2016. XAI serves as the investment adviser for two listed closed-end funds and an interval closed-end fund. The listed closed-end funds, the XAI Octagon Floating Rate & Alternative Income Trust (NYSE: XFLT) and Madison Covered Call & Equity Strategy Fund (NYSE: MCN) both trade on the New York Stock Exchange. The interval closed-end fund, Octagon XAI CLO Income Fund (OCTIX), is newly launched and has been made widely available to investors. In addition to investment advisory services, the firm also provides investment fund structuring and consulting services focused on registered closed-end funds to meet institutional client needs. XAI offers custom product build and consulting services, including development and market research, sales, marketing and fund management. XAI believes that the investing public can benefit from new vehicles to access a broad range of alternative investment strategies and managers. XAI provides individual investors with access to institutional-caliber alternative managers. For more information, please visit www.xainvestments.com . About XMS Capital Partners XMS Capital Partners, LLC, established in 2006, is a global, independent, financial services firm providing M&A, corporate advisory and asset management services to clients. It has offices in Chicago, Boston and London. For more information, please visit www.xmscapital.com . About Octagon Credit Investors Octagon Credit Investors, LLC (“Octagon”) serves as the Trust’s investment sub-adviser. Octagon is a 25+ year old, $33.4B below-investment grade corporate credit investment adviser focused on leveraged loan, high yield bond and structured credit (CLO debt and equity) investments. Through fundamental credit analysis and active portfolio management, Octagon’s investment team identifies attractive relative value opportunities across below-investment grade asset classes, sectors and issuers. Octagon’s investment philosophy and methodology encourage and rely upon dynamic internal communication to manage portfolio risk. Over its history, the firm has applied a disciplined, repeatable and scalable approach in its effort to generate attractive risk-adjusted returns for its investors. For more information, please visit www.octagoncredit.com . * * * XAI does not provide tax advice; please consult a professional tax advisor regarding your specific tax situation. Income may be subject to state and local taxes, as well as the federal alternative minimum tax. Investors should consider the investment objectives and policies, risk considerations, charges and expenses of the Trust carefully before investing. For more information on the Trust, please visit the Trust’s webpage at www.xainvestments.com . This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction. Paralel Distributors, LLC - Distributor View source version on businesswire.com : https://www.businesswire.com/news/home/20241202717275/en/ CONTACT: Kimberly Flynn, President XA Investments LLC Phone: 888-903-3358 Email:KFlynn@XAInvestments.com www.xainvestments.com KEYWORD: ILLINOIS UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: ASSET MANAGEMENT PROFESSIONAL SERVICES FINANCE SOURCE: XA Investments Copyright Business Wire 2024. PUB: 12/02/2024 04:15 PM/DISC: 12/02/2024 04:17 PM http://www.businesswire.com/news/home/20241202717275/en
NoneTrump has pressed for voting changes. GOP majorities in Congress will try to make that happen ATLANTA (AP) — Republicans in Congress plan to move quickly in their effort to overhaul the nation’s voting procedures, seeing an opportunity with control of the White House and both chambers of Congress. They want to push through long-sought changes such as voter ID and proof-of-citizenship requirements. They say the measures are needed to restore public confidence in elections. That's after an erosion of trust that Democrats note has been fueled by false claims from Donald Trump and his allies of widespread fraud in the 2020 election. Democrats say they are willing to work with the GOP but want any changes to make it easier, not harder, to vote. Americans are exhausted by political news. TV ratings and a new AP-NORC poll show they're tuning out NEW YORK (AP) — A lot of Americans, after an intense presidential election campaign, are looking for a break in political news. That's evident in cable television news ratings and a poll from The Associated Press-NORC Center for Public Affairs Research. The poll found nearly two-thirds of Americans saying they've found the need recently to cut down on their consumption of political and government news. That's particularly true among Democrats following President-elect Donald Trump's victory, although a significant number of Republicans and independents feel the same way. Cable networks MSNBC and CNN are really seeing a slump. That's also happened in years past for networks that particularly appeal to supporters of one candidate. Israel strikes Houthi rebels in Yemen's capital while the WHO chief says he was meters away JERUSALEM (AP) — A new round of Israeli airstrikes in Yemen have targeted the Houthi rebel-held capital of Sanaa and multiple ports. The World Health Organization’s director-general said the bombardment on Thursday took place just “meters away” as he was about to board a flight in Sanaa. He says a crew member was hurt. The strikes followed several days of Houthi attacks and launches setting off sirens in Israel. Israel's military says it attacked infrastructure used by the Houthis at the international airport in Sanaa, power stations and ports. The Israeli military didn't immediate respond to questions about the WHO chief's statement. Israel's plan to double the number of settlers in the Golan Heights is met with conflicting emotions EIN ZIVAN, Golan Heights (AP) — Earlier this month, Syrian leader Bashar Assad was ousted after nearly 25 years in power. Within hours, Israeli tanks rolled into the Golan Heights' demilitarized buffer zone in Syria created as part of a 1974 ceasefire between the countries. Days later, the Israeli government approved a plan to double the population of settlers in the Golan Heights. Israel seized the mountainous region from Syria in 1967, and most of the world considers it occupied Syrian territory. In the towns and kibbutzim of Israeli-controlled Golan, the news has been met with a mixture of skepticism, excitement and shock. Previous attempts to encourage more settlement in the Golan have received a lukewarm response. India's former prime minister Manmohan Singh, architect of economic reforms, dies aged 92 NEW DELHI (AP) — India’s former Prime Minister Manmohan Singh, widely regarded as the architect of India’s economic reform program and a landmark nuclear deal with the United States, has died. He was 92. The hospital said Singh was admitted to New Delhi’s All India Institute of Medical Sciences late Thursday after his health deteriorated due to “sudden loss of consciousness at home.". He was “being treated for age-related medical conditions,” the statement added. A mild-mannered technocrat, Singh became one of India’s longest-serving prime ministers for 10 years and earned a reputation as a man of great personal integrity. But his sterling image was tainted by allegations of corruption against his ministers. How the stock market defied expectations again this year, by the numbers NEW YORK (AP) — What a wonderful year 2024 has been for investors. U.S. stocks ripped higher and carried the S&P 500 to records as the economy kept growing and the Federal Reserve began cutting interest rates. The benchmark index posted its first back-to-back annual gains of more than 20% since 1998. The year featured many familiar winners, such as Big Tech, which got even bigger as their stock prices kept growing. But it wasn’t just Apple, Nvidia and the like. Bitcoin and gold surged and “Roaring Kitty” reappeared to briefly reignite the meme stock craze. Holiday shoppers increased spending by 3.8% despite higher prices New data shows holiday sales rose this year even as Americans wrestled with still high prices in many grocery necessities and other financial worries. According to Mastercard SpendingPulse, holiday sales from the beginning of November through Christmas Eve climbed 3.8%, a faster pace than the 3.1% increase from a year earlier. The measure tracks all kinds of payments including cash and debit cards. This year, retailers were even more under the gun to get shoppers in to buy early and in bulk since there were five fewer days between Thanksgiving and Christmas. Mastercard SpendingPulse says the last five days of the season accounted for 10% of the spending. Sales of clothing, electronics and Jewelry rose. Pope brings Holy Year and prayers for better future to Rome prison, a 'cathedral of pain and hope' ROME (AP) — Pope Francis is bringing his Holy Year to Rome’s main prison. Francis traveled to Rebibbia prison Thursday on a frigid morning. He knocked on the door to the chapel and walked across the threshold. It was reenacting the gesture he performed at St. Peter’s Basilica two nights earlier on Christmas Eve. The opening of the Basilica's Holy Door officially kicked off the Jubilee year. It's a church tradition dating to 1300 that nowadays occurs every 25 years and involves the faithful coming to Rome on pilgrimages. About 32 million people are expected in Rome in 2025. Why this Mexican American woman played a vital role in the US sacramental peyote trade MIRANDO CITY, Texas (AP) — Amada Cardenas, a Mexican American woman who lived in the tiny border town of Mirando City in South Texas, played an important role in the history of the peyote trade. She and her husband were the first federally licensed peyote dealers who harvested and sold the sacramental plant to followers of the Native American Church in the 1930s. After her husband's death in 1967, Cardenas continued to welcome generations of Native American Church members to her home until her death in 2005, just before her 101st birthday. What is known about a plane crash in Kazakhstan that killed 38 of 67 people on board The crash of an Azerbaijani airliner in Kazakhstan has killed 38 of 67 people on board. Azerbaijan Airlines’ Embraer 190 was en route from Azerbaijani capital Baku to the Russian city of Grozny in the North Caucasus on Wednesday when it was diverted for reasons that aren’t fully clear yet. It crashed while making an attempt to land in Aktau in Kazakhstan after flying east across the Caspian Sea. Officials in Kazakhstan, Azerbaijan and Russia haven't commented on a possible cause of the crash pending an official investigation. Some commentators pointed out holes in the plane's tail section pictured after the crash as a sign that it could have been fired upon by air defense systems.
