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KyKy Tandy, FAU close out Oklahoma State in CharlestonTrump team weighs direct talks with North Korea's Kim in new diplomatic push, sources sayTrump names Andrew Ferguson as head of Federal Trade Commission to replace Lina Khan
LONDON (AP) — A suspected animal rights extremist wanted in the U.S. for bombings in the San Francisco area was arrested in Britain after more than 20 years on the run from the law, officials said Tuesday. Daniel Andreas San Diego , one of the FBI’s most wanted fugitives, was arrested Monday in a rural area in northern Wales, the National Crime Agency said. He was ordered held in custody after appearing Tuesday in Westminster Magistrates’ Court and faces extradition. San Diego, 46, is charged in the U.S. with planting two bombs that exploded about an hour apart in the early morning of Aug. 28, 2003, on the campus of a biotechnology company in Emeryville, California. He’s also accused of setting off another bomb with nails strapped to it at a nutritional products company in Pleasanton, California, a month later. The bombings didn’t injure anyone, but authorities said the bomb at the biotechnology company was intended to harm first responders. A group called Revolutionary Cells-Animal Liberation Brigade claimed responsibility for the bombings, citing the companies’ ties to Huntingdon Life Sciences. Huntingdon was a target of animal rights extremists because of its work with experimental drugs and chemicals on animals while under contract for pharmaceutical, cosmetic and other companies. RELATED COVERAGE Lawsuit against UK security agency by survivors of Ariana Grande concert bombing is rejected The FBI arrested a man who’s been charged with planning an attack on the New York Stock Exchange Norwegian mass killer Anders Behring Breivik seeks parole for a second time “Daniel San Diego’s arrest after more than 20 years as a fugitive for two bombings in the San Francisco area shows that no matter how long it takes, the FBI will find you and hold you accountable,” FBI Director Christopher Wray said in a statement. “There’s a right way and a wrong way to express your views in our country, and turning to violence and destruction of property is not the right way.” In 2009, San Diego became the first person suspected of domestic terrorism to be added to the FBI’s Most Wanted Terrorist List. A reward of $250,000 (200,000 pounds) was offered for information leading to his arrest. Photos of him appeared on billboards from California to New York, including Times Square, the FBI said. He was featured on the TV program “America’s Most Wanted” several times. San Diego grew up in an upper-middle class suburb of Marin County north of San Francisco. His father was the city manager of nearby Belvedere, a wealthy enclave. San Diego had worked as a computer network specialist, was a skilled sailor and was known to carry a handgun, the FBI said. The FBI had San Diego under surveillance on Oct. 6, 2003 when he parked his car near downtown San Francisco, and vanished into a transit station — not to be seen again. There had been numerous sightings reported around the world and investigators announced searches at times as far apart as Massachusetts and Hawaii. The NCA said it arrested San Diego at a property near woods in the Conwy area of Wales, a coastal area some 5,000 miles (8,000 kilometers) from San Francisco. No other details were provided.
Earnings of Fulton Financial Corporation ( NASDAQ: FULT ) will likely continue growing next year on the back of low loan growth. Further, rate cuts will lift the margin. Moreover, management’s efforts to cut expenses will help the bottom line. Overall, I’m expecting earnings to grow by 2% to $1.67 Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.Retirement Planning: Dividends vs. Growth (Or How About Both?)
Biden administration to loan $6.6B to EV maker Rivian to build Georgia factory that automaker pausedThe story so far: When U.S. President-elect Donald Trump is administered the oath of office on January 20, 2025, and officially kicks off his second term at the White House, it will be the onset of four years that herald the deepening of domestic and foreign policy priorities enacted in his first term as President. On the cards are a reimposition of punitive tariffs against nations exporting to the U.S., and India is likely to feature on that list; a tough stance on immigration; and changes in foreign policy, with America likely to see the continuing withdrawal from global, multilateral and regional engagement like in his first term. What tariffs policies and tax cuts are likely to be tabled by the Trump administration? The first Trump administration started a trade war with China when it hit Beijing in 2018 with a punitive net tariff coverage of nearly 15% of all U.S. imports. In that case, his administration had already imposed several tariffs prior to 2018 as well, with the result that there were overlapping tariffs on a number of products; for example, the 25% tariff that was imposed that year was over and above an antidumping tariff of approximately 66% that was already in place. Despite this somewhat chaotic approach to tariff imposition, one fact was clear — China was the main target on the global stage: at 11.1% import coverage by U.S. special tariffs in 2018, the rate slapped on Beijing dwarfed the rate for other exporters to the U.S., including India, at 0.2%. In terms of products, the U.S. special tariffs preponderantly targeted imports of intermediate goods, and to a much lesser extent capital goods and final products. This is likely to have impacted the final price of finished goods based on intermediate goods sourced within the U.S. During his 2024 campaign, Mr. Trump had affirmed that he would impose an across-the-board tariff of somewhere between 10%-20% on the entire $3 trillion worth of U.S. goods imports and a China-specific additional tariff of 60%. Assuming that the focus on intermediate goods continues in this context, this would imply a significant jump from his first term in terms of the value of goods impacted, most likely additional tens of billions of dollars’ worth on commodities such as steel and aluminium and at least $300 billion worth of Chinese goods. Retaliation from China, the E.U., India, and other trading partners of the U.S. is sure to follow swiftly. Regarding the high likelihood of a corporate tax cut, it could come in the form of renewing the lapsing cuts that Mr. Trump had introduced in 2017, through the Tax Cuts and Jobs Act. This despite — or perhaps precisely because of — the fact that the policy did reduce taxes for most people, though it disproportionately benefitted the wealthy, according to the non-partisan Center on Budget and Policy Priorities. Their analysis at the time noted this policy resulted in households with incomes in the top 1% receiving an average tax cut of more than $60,000 if the cuts were maintained, compared to an average tax cut of less than $500 for households in the bottom 60%. Additionally, the Trump tax cut “was expensive and eroded the U.S. revenue base... and failed to deliver promised economic benefits,” the CBPP noted. Other economic policy actions that the Trump White House might advocate for include a carbon-border adjustment tax and quantitative restrictions on investments into U.S. assets such as infrastructure and essential medicine production capabilities, by China. His administration would also likely seek the inputs of the Department of Government Efficiency — led by the “tech bros” Elon Musk and Vivek Ramaswamy — to reduce wastage and inefficiencies within the purview of the federal government, including by rationalising the actions of bureaucrats and cutting down on regulations across sectors. While the duo have hinted at potentially finding $2 trillion in savings through this initiative, including via mass layoffs and the shutting down of some agencies entirely, critics have challenged the size of the potential gains that could be made here. What action is expected on immigration? Going by the Trump campaign’s policy promises in the lead-up to the 2024 election, there is a distinct possibility of a large-scale deportation of undocumented workers. However, there may be several obstacles that the White House might encounter as it carries out this possibly unprecedented action. Firstly, across several states, key urban hubs have vowed to be “sanctuary cities” and pass laws to limit local law enforcement cooperation with the federal government’s Immigration and Customs Enforcement. This is likely to make it politically complicated to carry out detention and deportation actions on a sizeable scale and in a short time frame. Secondly, the Trump campaign is yet to share details on the cost of such operations to the exchequer, but non-partisan analysts such as the American Immigration Council estimate that such an immigration proposal could potentially cost taxpayers considerably more than $300 billion. These estimates notwithstanding, there is little doubt that Mr. Trump will attempt to accelerate deportations to fulfil his campaign promises, especially as the first Trump administration deported close to 1.5 million people – almost the same number as outgoing President Joe Biden and far less than former President Barack Obama, who turned away nearly 3 million people over eight years in office. What impact could be expected regarding U.S. foreign policy? Mr. Trump has proclaimed publicly without explanation or details that he can and will end the Russia-Ukraine war and the Israel-Hamas conflict. On the former, he has said he would end the war even prior to Inauguration Day, even if he views the conflict through the lens of halting the “endless flow of American treasure to Ukraine” and demanding that NATO allies in Europe reimburse Washington for its war-related expenses if they expect military support from the U.S. against future Russian aggression. Regarding Israel, the incoming President has followed in Mr. Biden’s footsteps and criticised the Israeli government’s aggression in Gaza, although Mr. Trump had tacitly expressed support for Israel by moving the U.S. embassy from Tel Aviv to Jerusalem in his first term. What bolsters Mr. Trump’s intentions? While the Trump 2.0 administration is yet to spell out critical details regarding its policy plans on the domestic and international fronts, one thing is certain: Mr. Trump enjoys an overwhelming mandate expressed through the result of the 2024 election. Further, he will be fundamentally operating from a position of institutional strength given the federal government trifecta, which implies that the White House will enjoy the luxury of greater cooperation in getting policies sanctioned by Congress, and possibly important cases ruled in his administration’s favour by a sympathetic U.S. Supreme Court. Published - December 29, 2024 02:17 am IST Copy link Email Facebook Twitter Telegram LinkedIn WhatsApp Reddit India-United States / USA / The Hindu Explains
