jilibay free 68 withdrawal Market Tensions: High Yields Challenge Global EquitiesJimmy Carter had the longest post-presidency of anyone to hold the office, and one of the most active. Here is a look back at his life. — Jimmy Carter was born on Oct. 1 to Earl and Lillian Carter in the small town of Plains, Georgia. — Earl Carter bought a 350-acre farm 3 miles from Plains in the tiny community of Archery. The Carter family lived in a house on the farm without running water or electricity. — He graduated from Plains High School and enrolled at Georgia Southwestern College in Americus. — He transferred to Georgia Institute of Technology in Atlanta. — Carter’s boyhood dream of being in the Navy becomes a reality as he is appointed to the U.S. Naval Academy in Annapolis, Maryland. — He received his naval commission and on July 7 married Rosalynn Smith of Plains. They moved to Norfolk, Virginia. — Carter’s three sons are born, Jack in 1947, Chip in 1950 and Jeff in 1952. — Carter is elected to the Georgia State Senate and serves two terms. — Carter’s father died and he cut his naval career short to save the family farm. Due to a limited income, Jimmy, Rosalynn and their three sons moved into Public Housing Apartment 9A in Plains. — He ran for governor, but lost. — Jimmy and Rosalynn Carter’s fourth child, Amy, is born. — He ran for governor again and won the election, becoming Georgia’s 76th governor on Jan. 12. — Carter announced his candidacy for president. — Carter was elected 39th president on Nov. 2, narrowly defeating incumbent Gerald Ford. — U.S. and the Peoples’ Republic of China establish full diplomatic relations. President Carter negotiates and mediates an accord between Egypt and Israel at Camp David. — The Department of Education is formed. Iranian radicals overrun the U.S. Embassy and seize American hostages. The Strategic Arms Limitations Treaty is signed. — On March 21, Carter announces that the U.S. will boycott the Olympic Games scheduled in Moscow. A rescue attempt to get American hostages out of Iran is unsuccessful. Carter was defeated in his bid for a second term as president by Ronald Reagan in November. — President Carter continues to negotiate the release of the American hostages in Iran. Minutes before his term as president is over, the hostages are released. — Carter became a distinguished professor at Emory University in Atlanta, and founded The Carter Center. The nonpartisan and nonprofit center addresses national and international issues of public policy. — Jimmy and Rosalynn Carter volunteer one week a year for Habitat for Humanity, a nonprofit organization that helps needy people in the United States and in other countries renovate and build homes, until 2020. He also taught Sunday school in the Maranatha Baptist Church of Plains from the mid-’80s until 2020. — Awarded the Nobel Peace Prize. — Carter announced in August he had been diagnosed with melanoma that spread to his brain. — He said in March that he no longer needed cancer treatment. — Carter dies at 100 years old.

Shares muted in Asia, high yields test lofty valuations

December 30 - Vladislav Goldin and Nimari Burnett each scored 17 points to lead Michigan to a 112-64 win over Western Kentucky in Ann Arbor, Mich., on Sunday. Sam Walters scored 13 points off the bench, Tre Donaldson had 12 points and 11 rebounds, Danny Wolf had 12 points and 10 rebounds, and Roddy Gayle Jr. added 11 points for Michigan (10-3). The Wolverines tied a program record with 19 made 3-pointers (on 40 attempts) and held a 54-27 rebounding advantage. Don McHenry scored 18 points, Julius Thedford had 11 points and Enoch Kalambay added 10 points in defeat for Western Kentucky (9-4), which shot just 5 of 25 from 3-point range. Michigan set the tone with a dominant first half, taking a 59-31 lead into the intermission in a sterling offensive performance. The Wolverines shot 57.6 percent from the field overall (19 of 33) and made 11 of 21 shots from 3-point range (52.4 percent) in the first half. It was season high for both points and 3-pointers made in a half for the Wolverines. Michigan also had a 27-9 rebounding advantage at intermission. The second half was more of the same, with Michigan opening up a 72-37 lead with 16:11 remaining in the game after a 3-pointer by Wolf. Michigan later took a 41-point lead at 87-46 with 10:23 to go after a 3-pointer by Walters. With 6:05 left, Wolf hit a 3-pointer to put Michigan over the 100-point mark and give the Wolverines a 50-point lead at 102-52. Michigan jumped on Western Kentucky from the beginning, taking a 13-2 lead just 2:41 into the game. Western Kentucky managed a run to cut its deficit to 18-14, but Michigan answered with a 10-2 run to take a 28-16 lead with 11:56 to go in the first half. The Wolverines built a 49-27 lead with five minutes remaining until halftime. --Field Level Media Our Standards: The Thomson Reuters Trust Principles. , opens new tabSince his appointment as the Senior White House Policy Advisor for US President-elect Donald Trump, Sriram Krishnan, an Indian-origin entrepreneur, has sparked significant debate. His views on immigration and green card limits have faced widespread criticism. However, despite the controversy, Elon Musk, one of the wealthiest individuals globally and a renowned tech visionary, has voiced his support for Krishnan. Washington: Since Sriram Krishnan, an Indian-origin entrepreneur, was announced as the Senior White House Policy Advisor for US President-elect Donald Trump, he has become a topic of intense discussion. Many have criticised his stance on immigration and green card limits. Despite the backlash, Elon Musk, widely regarded as one of the world’s richest persons and a visionary tech entrepreneur, has came in support for Krishnan. Amid the criticism, a user on X shared a post featuring a photo of butter chicken alongside an image of Sriram Krishnan. The caption read, “ Here is what Sriram Krishnan would look like if he was butter chicken.” The butter chicken image appears to be AI-generated, covering Krishnan’s face and neck with the dish. David Sacks, Donald Trump’s newly appointed head of artificial intelligence (AI) and cryptocurrency, stepped in to clarify Krishnan’s stance. He responded, “Point of clarification: Sriram didn’t say he wants to remove all caps on green cards. He said he wants to remove country caps on green cards...” Elon Musk agreed with Sacks’ explanation, He replied, “Makes sense.” Click for more latest World news . Also get top headlines and latest news from India and around the world at News9. Adan Khan is an emerging journalist with a keen focus on crime and politics. With a talent for making complex issues accessible, he has quickly become known for his ability to clarify intricate topics. Now with a year of experience in the news industry, Adan remains committed to delivering the truth, regardless of its difficulty. His writing seeks to make critical subjects both clear and engaging, offering readers insightful perspectives and guiding them through challenging issues. Dedicated to continuous growth, Adan is here to inform, engage, and make a meaningful impact in journalism.

Kashmir has been cut off from the rest of the country following heavy snowfall. Tourists have faced hours-long traffic jams and unpredictable weather conditions. Kashmir has been cut off from the rest of the country following heavy snowfall. Tourists have faced hours-long traffic jams and unpredictable weather conditions. Tourists who arrived in Kashmir were caught off-guard by the intense snowfall. The administration halted travelers heading towards Jammu between the Pampore and Khambal areas of the national highway due to road closures and advised them to return to Srinagar. However, many tourists, some with train bookings for tonight or tomorrow, were stranded on the roads, hoping to find a way to reach Jammu. Manju Devi, a tourist from Bareilly, shared her experience, saying, “These snowy valleys look beautiful, but now we are stuck. We’ve been in traffic jams for hours. Our train is booked, and the biggest issue is that we have small children with us, and we can’t find food. The administration needs to act quickly.” Many tourists who had planned to visit Kashmir for two days, including a group from Meerut, found themselves stuck in traffic jams for hours. One group had been stranded since 10 AM, with 13 people, including women and children, in their car. Rita Verma, a member of the group, said, “We’ve been stuck since morning. We were also stuck in traffic jams in Gulmarg yesterday, and now again today. We never expected so much snow.” The heavy snowfall that began yesterday afternoon continues in parts of Kashmir, particularly in the southern region, where 1.5 to 2.5 feet of snow has accumulated. Central Kashmir saw about one foot of snow, while North Kashmir received about five to six inches. The heavy snow has brought life in the region to a standstill. Thousands of tourists who reached Kashmir have also faced difficulties. Many missed their flights and had to seek shelter in local homes after spending hours in the snow overnight. The Kashmir Valley is now cut off from the rest of the country due to the snow, affecting both surface and air transport. Authorities have suspended traffic on all major highways, including the Jammu-Kashmir National Highway, Mughal Road, Srinagar-Ladakh Road, and Sinthan-Anantnag Road. Several roads in border and hilly areas are also closed. Efforts to clear the snow are ongoing, and as of the latest reports, about 50% of the roads have been cleared. Approximately 1,200 snow-clearing machines and snow dozers are working in the region. Drinking water supply has been fully restored, and 80% of electricity has been restored. Owais Ahmed, the Commissioner of the municipality, said, "We’ve been on the roads since last night. The administration, police, and local people have been working late into the night. Nearly every road has been cleared by this morning." In a statement on Twitter, the Chief Minister updated the public on the electricity situation. He shared that out of 41 feeders of 33 KV that were down in Kashmir due to the snowfall, 37 have been restored, and out of 739 faulty feeders of 11 KV, 639 have been recharged. The remaining feeders are expected to be restored by evening. Due to continuing snowfall, train services on the Banihal-Baramulla track have been suspended, and air traffic has been affected, with all flights cancelled for today. Throughout the night, the civil administration, police, and locals worked to help stranded tourists. They ensured that everyone, including tourists and locals, had safe shelter as snowfall intensity increased. Many people were sheltered in homes and mosques by locals in Gulmarg, Sonamarg, Pahalgam, and along the Jammu-Kashmir National Highway. The authorities have set up control rooms in each district, managed by the District Commissioner. Essential service phone numbers are being broadcast via news bulletins and social media. Tourists and locals are advised to avoid unnecessary travel and consult traffic officials and the administration before heading out. The Meteorological Department has forecast light snowfall for the morning and expects the weather conditions to improve after that. Stay informed on all the latest news , real-time breaking news updates, and follow all the important headlines in india news and world News on Zee News.COOKEVILLE, Tenn. (AP) — Rodney Johnson Jr.'s 33 points led Tennessee Tech over NAIA-member Milligan 95-75 on Sunday. Johnson added five rebounds for the Golden Eagles (6-7). Kyle Layton scored 11 points and added five assists. Ray Glasgow had 10 points and went 4 of 7 from the field (2 for 4 from 3-point range). Handje Tamba finished with 18 points and 11 rebounds for the Buffs. Sam Gold added nine points and six rebounds for Milligan. Jayme Peay also put up nine points. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .

Xona Expands Business Footprint into Australia, New Zealand, and Southeast Asia to Secure Region's Operational Access to Critical InfrastructureVeteran college football coach expects former boss Bill Belichick to turn North Carolina around

Jimmy Carter, the 39th US president, has died at 100

WASHINGTON — Senate Democrats reelected Chuck Schumer as party leader on Tuesday as the party moves into a deeply uncertain time, with no real consensus on a strategy as President-elect Donald Trump prepares to take office. From left, Sen. Elizabeth Warren, D-Mass., Sen. Amy Klobuchar, D-Minn., Senate Majority Leader Chuck Schumer of N.Y., Sen. Dick Durbin, D-Ill., and Sen. Tammy Baldwin, D-Wis., gather after Senate Democratic leadership elections for the next session of Congress on Tuesday in Washington. Schumer faced no opposition in the party leadership elections, in which Illinois Sen. Dick Durbin was also reelected to the No. 2 spot and Minnesota Sen. Amy Klobuchar became the new No. 3. In a statement, Schumer, of New York, said he was honored to move the party forward “during this crucial period for our country.” “Our preference is to secure bipartisan solutions wherever possible and look for ways to collaborate with our Republican colleagues to help working families,” Schumer said. “However, our Republican colleagues should make no mistake about it, we will always stand up for our values.” While Schumer remains popular with his colleagues, it is a bleak moment for Senate Democrats, who were hopeful that they could hold the majority for the third election in a row. Instead they lost four seats and will be in the minority, 53-47, as Trump takes office and pressures the Senate to quickly confirm his Cabinet nominees. Unlike eight years ago, when opposition to Trump’s narrow election win fueled enthusiasm in their party, Democratic lawmakers and many of their voters are exhausted and looking for answers. So far, Democrats have stayed relatively quiet on Trump’s nominees and plans for office – a stark contrast from the loud opposition to Trump when he was elected eight years ago. Schumer has declined to comment on specifics of any nominees, instead allowing Republican reaction to dominate the conversation. On Monday, Schumer wrote a public letter to South Dakota Sen. John Thune, the incoming Republican majority leader, asking him to resist Trump’s pressure to allow him to appoint some of his nominees without a Senate vote and to insist on full FBI background checks for all nominees. But he has said little else about Trump’s upcoming presidency. While some have been more aggressive — Washington Sen. Patty Murray, a former chairwoman of the Senate Health, Labor, Education and Pensions Committee, said that Trump’s nomination of Robert Kennedy Jr. to lead the Health and Human Services Department is “dangerous” and “nothing short of disaster” — several Democratic senators say they are saving their strength and figuring out a focus. “Everybody’s in kind of a wait-and-see mode right now,” said Nevada Sen. Catherine Cortez Masto, who is part of Schumer’s leadership team. “Under the previous Trump administration, there was chaos all the time, all the time. And I do think it is important to pick your battles.” It’s still unclear which battles they will pick. And Democrats have differing opinions on how to fight them. Hawaii Sen. Brian Schatz, who is also in Democratic leadership, says that “anyone who has a grand strategy is full of crap,” but thinks that Democrats, for now, “need to keep things simple.” “We need to talk about people, protect people, advocate for people,” Schatz said. “Do not talk about protecting institutions. Do not talk about advocating for institutions. It’s a not just a rhetorical shift, but an attitudinal shift. We have to remind ourselves, that we’re not fighting for programs and projects and line items and agencies or norms. We’re fighting for people.” Virginia Sen. Mark Warner said that he’s spent a lot of time reflecting, and “I don’t think anyone can claim this was a policy election,” and Democrats need to look at cultural issues. Pennsylvania Sen. John Fetterman says Democrats just need to “pace ourselves” and avoid the “massive freakout” of Trump's last term. Democrats should be preparing, says Connecticut Sen. Richard Blumenthal. He says Schumer is picking his battles “very thoughtfully and strategically.” “We’re thinking about how we protect against using the FBI, or the prosecutorial authority of the Justice Department for retribution against critics,” said Blumenthal. “How we elevate these issues in a way that American people understand them.” Democrats know better now, after eight years, “the extraordinary challenges we’re going to face,” Blumenthal said. Madison Chock and Evan Bates of the U.S. compete in the ice dance rhythm dance program at the Grand Prix of Figure Skating series competition in Tokyo, Japan, Friday, Nov. 8, 2024. (AP Photo/Hiro Komae) A discarded plastic bag floats in the waters of Botafogo beach in Rio de Janeiro, Tuesday, Nov. 26, 2024. (AP Photo/Bruna Prado) China's President Xi Jinping, left center, and Brazil's President Luiz Inacio Lula da Silva, walk into the Alvorada palace after attending a welcoming ceremony in Brasilia, Brazil, Nov. 20, 2024. (AP Photo/Eraldo Peres) Slovakia's Rebecca Sramkova competes against Great Britain's Katie Boulter during a Billie Jean King Cup semi-final match at Martin Carpena Sports Hall in Malaga, southern Spain, on Tuesday, Nov. 19, 2024. (AP Photo/Manu Fernandez) President-elect Donald Trump's nominee to be attorney general, former Rep. Matt Gaetz, R-Fla., closes a door to a private meeting with Vice President-elect JD Vance and Republican Senate Judiciary Committee members, at the Capitol in Washington, Wednesday, Nov. 20, 2024. (AP Photo/J. Scott Applewhite) A surfer rides on an artificial wave in the river 'Eisbach' at the 'Englischer Garten' (English Garden) downtown in Munich, Germany, Monday, Nov. 11, 2024. (AP Photo/Matthias Schrader) A woman carries a gift basket as she arrives at a park to attend a friend's birthday party, Sunday, Nov. 24, 2024, in Kampala, Uganda. (AP Photo/David Goldman) Tania hugs her brother-in-law Baruc after rescuing some of their belongings from their flooded house after the floods in Paiporta, Valencia, Spain, Tuesday, Nov. 5, 2024. (AP Photo/Emilio Morenatti) Democratic presidential nominee Vice President Kamala Harris looks at a monitor backstage, just before taking the stage for her final campaign rally, Monday, Nov. 4, 2024, in Philadelphia. (AP Photo/Jacquelyn Martin) President-elect Donald Trump listens during an America First Policy Institute gala at his Mar-a-Lago estate, Thursday, Nov. 14, 2024, in Palm Beach, Fla. (AP Photo/Alex Brandon) President Joe Biden meets with President-elect Donald Trump in the Oval Office of the White House, Wednesday, Nov. 13, 2024, in Washington. (AP Photo/Evan Vucci) A resident returns to his burned village, Monday Nov. 25, 2024, one day after a fire broke out leaving about 2,000 families homeless at a slum area in Manila, Philippines. (AP Photo/Aaron Favila) Isaac Young rests his cheek on the family horse Rusty's forehead during farm chores before homeschooling, Tuesday, Nov. 12, 2024, in Sunbury, Ohio. (AP Photo/Carolyn Kaster) Students from anti-discrimination movements attack an Awami League supporter in Dhaka, Bangladesh, Sunday, Nov. 10, 2024. (AP Photo/Mahmud Hossain Opu) A young girl holds a "Black Voters for Harris-Walz" sign outside of Democratic presidential nominee Vice President Kamala Harris' election night watch party at Howard University, Tuesday, Nov. 5, 2024, in Washington. (AP Photo/Terrance Williams) A man looks from a damaged building a day after it was hit by a rocket fired from Lebanon, in Ramat Gan, central Israel, Tuesday, Nov. 19, 2024. (AP Photo/Oded Balilty) Visitors walk through the 'Cathedral' on the Christmas light trail as it returns for its12th year with a showcase of new installations set within the UNESCO World Heritage Site landscape of Kew Gardens in London, England, Tuesday, Nov. 12, 2024. (AP Photo/Kirsty Wigglesworth) Venezuelan migrant Alvaro Calderini carries his niece across a river near Bajo Chiquito, Panama, after walking across the Darien Gap from Colombia on their way north to the United States, Saturday, Nov. 9, 2024. (AP Photo/Matias Delacroix) An aerial view shows a packed parking lot at Citadel Outlets in Commerce, Calif., Thursday, Nov. 28, 2024, as early Black Friday shoppers arrive at the mall. (AP Photo/Jae C. Hong) Israeli soldiers holding their weapons bathe with residents in a hot water pool coming from a drilling project which exposed a subterranean hydrothermal spring near Mount Bental in the Israeli-controlled Golan Heights, on the first day of the ceasefire between Israel and Hezbollah, Wednesday, Nov. 27, 2024. (AP Photo/Ohad Zwigenberg) Voters stand in line outside a polling place at Madison Church, Tuesday, Nov. 5, 2024, in Phoenix, Ariz. (AP Photo/Matt York) Molten lava flows on the road to the Blue Lagoon, Grindavik, after the volcanic eruption that started Wednesday, on the Reykjanes Peninsula in Iceland, Thursday, Nov. 21, 2024. (AP Photo/Marco di Marco) Firefighters and sheriff's deputies push a vintage car away from a burning home as the Mountain Fire burns in Camarillo, Calif., on Wednesday, Nov. 6, 2024. (AP Photo/Noah Berger) Supporters of the Frente Amplio (Broad Front) celebrate the victory of candidate Yamandú Orsi in the presidential run-off election in Montevideo, Uruguay, Sunday, Nov. 24, 2024. (AP Photo/Natacha Pisarenko) People gather at the site where former Hezbollah leader Sayyed Hassan Nasrallah was killed by Israeli airstrikes late September during a memorial ceremony in Dahiyeh, in the southern suburb of Beirut, Lebanon, Saturday, Nov. 30, 2024. (AP Photo/Hussein Malla) Katia, 11, with her grandmother and mother sit in an armored minivan during en evacuation by the "White Angels" police unit in Kurakhove, Donetsk region, Ukraine, on Nov. 4, 2024. (AP Photo/Anton Shtuka) People clean mud from a house affected by floods, in Algemesi, Spain, Sunday, Nov. 3, 2024. (AP Photo/Manu Fernandez) Cattle stand on a heap of textile waste at the Old Fadama settlement of Accra, Ghana, Oct. 19, 2024. (AP Photo/Misper Apawu) Family members accompany the coffin that contain the remains of Mexican actress Silvia Pinal, during a memorial service at the Palacio de Bellas Artes, in Mexico City, Saturday, Nov. 30, 2024. Pinal, an actress from Mexico's Golden Age of cinema in the 1940s and 50s, died Thursday. She was 93. (AP Photo/Aurea Del Rosario) A family arrive to cross into Lebanon through the Jousieh border crossing, between Syria and Lebanon, Nov. 28, 2024, following a ceasefire between Israel and Hezbollah that went into effect on Wednesday. (AP Photo/Omar Sanadiki) Stay up-to-date on the latest in local and national government and political topics with our newsletter.AP News Summary at 7:26 p.m. EST

Johnson scores 33 as Tennessee Tech knocks off NAIA-member Milligan 95-75

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A small asteroid was visible in northern Siberia on Tuesday, as it closed in on its collision course with Earth. It's first of two expected flybys this week. The European Space Agency issued an alert for the 27-inch asteroid at 4:27 a.m. ET, with the agency saying the celestial rock would create a visible fireball in the sky but that "the impact will be harmless." The asteroid, temporarily named C0WEPC5, has become Earth's fourth detected asteroid strike of the year and just the 11th of all time. Detected strikes are known as "imminent impactors," according to the Kitt Peak National Observatory in Arizona, which identified the fast-moving asteroid ahead of its arrival. The space rock entered Earth's atmosphere at 11:15 a.m. ET over Yakutia in northeastern Siberia, creating a massive fireball witnessed by people in the region, according to the agency. Video posted to social media on Tuesday shows the bright, fast-moving fireball darting through the sky before dissipating. It's currently unknown how much, if any, of the asteroid debris landed on Earth. Flyby asteroids are common, and astronomers' ability to detect them has rapidly increased with technological advancements. According to NASA , 132 known asteroids have passed closer to Earth than the moon is since October 2023. Overall, there have been upward of 36,000 asteroid flybys, the agency reported. Adding to the solar system show this week, another asteroid, known as 2020 XR, will fly by Earth at 12:27 a.m. ET on Wednesday, according to NASA's Jet Propulsion Laboratory . Significantly larger but much farther away from impact than Tuesday's asteroid, 2020 XR is approximately 1,200 feet in diameter -- roughly the same as the height of New York City's Empire State Building -- but will pass Earth at a comfortable distance of 1.37 million miles, according to NASA. While the massive asteroid will unlikely have any impact, and is not considered a threat by officials, NASA designates any object that comes within 4.6 million miles of Earth as "potentially hazardous."Mexican president says country prepared for Trump deportation plans, will receive citizens

President of the Chartered Institute of Taxation of Nigeria (CITN), Samuel Agbeluyi, recently had an interactive session with members of the Finance Correspondent Association of Nigeria (FICAN), during which he shed some light on President Bola Tinubu’s tax reform bills and also explained why the proposals are for the overall good of the country’s economy. Tony Chukwunyem reports President Tinubu’s tax reform bills, currently before the National Assembly, have sparked a lot of controversy among various groups in the country, with some critics questioning the President’s decision to send the bills to the lawmakers at this time. What is your take on the issue? I’m not here to say whether the timing of the tax reform bills is right or wrong. I even believe that it is right and that we need those amendments passed as quickly as possible so that the Nigeria can actually benchmark its economy against other countries’. As we are speaking, a lot of people want to invest in Nigeria. The President is going all over the world, marketing the country. It is good to market the country, but the people who are coming into Nigeria, will do their background check; they will still do all the necessary findings before they come because you are just one of several countries in the world. So for them to come, there has to be certainty on what they want to put on the table. I will give you an example. Taxation is a major point; it is a major variable that they must be sure of before they come in. So for tax professionals, how do you advise an American or a French person that we have about 65 types of taxes; how do you explain that? You are already demarketing the country yourself. And if you don’t say it, you are telling lies and as a professional you are not supposed to tell lies. These 60 or 65 taxes, depending on the state you are visiting, exclude the activities of non-state actors; those ones who would come to your shop and ask you to do something (part with your money) otherwise they would disrupt your business. You are carrying goods from one point to another and they are not allowing you to do that. So for tax professionals we have been longing for this kind of bill so that we will have certainty of the law guiding and administering the tax arrangement in the country. Also, statistics reveal that only nearly five different types of taxes that we have among the 60 or 65, are actually bringing in over 90 per cent of our tax revenue. Now how do you bother the system, disturb a business, disturb a company, disturb the personnel working with company with about 60 different types of taxes that are not helping the country? If revenue is by the number of taxes that you collect, Nigeria’s tax to GDP will be over 30 per cent. So why are we struggling with a low tax to GDP ratio? So, it means that we just have those things as nuisance tax as we call them. You are not helping the system. President Tinubu mentioned his dislike for multiple taxation immediately after he assumed office and he walked the talk and set up a committee and we are where we are today. So to me, that we are bringing sanity to the tax space is a great thing. Imagine the fact that companies receive letters from local government that they want to check their books; states will write that they want to check their books for various tax responsibilities; FIRS will also write. The laws that set up these tax laws and responsibilities allow for audit. So you can’t say FIRS don’t come and audit me. FIRS can call you for audit and they can do investigation. The state has the same power. So when you subject somebody who is operating in a very hostile business environment to this kind of tax administration, you are not helping that system. And after sometime, people don’t want to do business again. They will prefer to put their money in treasury bills. They would say, let me invest somewhere else and I won’t need to bother myself with diesel, generator and these people coming from revenue office. That is not helping us because you can only create employment when people do business; when they set up companies. So the benefits of the tax reform bills are enormous. You have the benchmark for the threshold for small business being raised from 25 per cent to 50 per cent; that is a major move. What they are saying is that, have more money in your hand; go and do your business; once you are prosperous enough, then you can visit us or we can visit you. But if you are still operating between the 25 and 40 per cent threshold, most likely, your working capital will be impaired. And you know getting money from the banks, particularly for SMEs in Nigeria, is a tall order. Also, you know that you can’t drive economic activities with taxation because without economic activities there will be no taxation. The moment you put too much pressure on companies, they will fold up and they will not be there tomorrow for you to collect anything. Can you share your views on the debate over the proposed derivation of Value Added Tax (VAT) based on consumption? We have talked so much about derivation as if it is the only thing in the VAT bill. If you buy equipment, before now, the money you expend to put the infrastructure for the equipment and the like in place, let’s say N200 million, by virtue of what we have as at today, depending on the nature of that equipment, you can’t retrieve your money until five or 10 years. But what is being proposed in this bill is that your equipment, the amount you spend on assets, will be zero rated. Zero rated means that you can claim the input. So that in that year, you will claim the input and that is all and of course your turnover or whatever it is that is your output. Another aspect of the benefit of this bill is that before now, once you do the differential and government needs to refund money to you, under this bill, the process for refund is made simpler. But as we speak and I have been in practice for quite some time, no company can get refund from the FIRS until they subject you to another round of audit and that will take years. So the amount of relief that is being given to the tax payer under this proposal is enormous. And again I repeat that the derivation principle, if it would pose a problem, then it can dropped. Everybody must be carried along. If state A is not doing well the fall out of not doing well will get to the state that is doing well. So beyond economic activity you also need to look at the social aspects of the bill and the political balancing, that is fair. How would you react to the view that the reason there is so much controversy about the tax reform bills is that the Presidency didn’t consult widely enough before sending them to the National Assembly? There was a lot of consultation among tax professionals within the six geo political zones in the country, but evidently it is not enough. And I think it won’t be enough. What we tax professionals need to know is that we have talked to ourselves and those who were not part of the consultation have all the facilities to read what was going on. But for the political leaders, I was expecting a lot of consultations and buyin, because without buy in, this massive change will look strange to some people and that is what we are seeing. I expect that consultation at this level to be led by the President himself. This is because Nigeria has a lot to gain once this thing is successful and we have a lot to lose should it not be successful-God forbid. So I expect the Presidency, the political leaders to lead the consultations. Let’s not be carried away; and that is why as an Institute, we are sticking to the technical points. The political leaders know how they can actually talk to themselves. So we recommend that this should be done immediately so that everybody will be on the same page. Won’t low income earners be adversely affected by these bills as it appears they are not being consulted? I don’t see how it will adversely affect them. Even at the point of deliberation on the bill some state internal revenue chairmen asked questions about who would be paying personal income tax in form of PAYE in the their states under the new minimum wage. Now, let’s work with the statistics. What do you actually receive from somebody receiving N30, 000? In any country, the big people are the ones who actually pay personal income tax and statistics have shown that they are under 10 per cent. So we have all the big people in the country so what they need to do is to be good. Now there is another school of thought that says don’t exempt anybody; once they pay N1 or N2 into the pocket of the government it gives them the moral right; a sense of belonging. But ‘sense of belonging’ for somebody who is dying? So, I think that the voice for exception for low earners should be louder. Years ago, I represented this Institute-I was not the President then- at a public hearing held by the National Assembly on minimum tax. As an Institute we have spoken against minimum tax. This is because, minimum tax is capital erosion. Somebody has done his business for a year, he didn’t make profit (because you are supposed to subject his profit to tax computation), but he didn’t make profit and you say he must do minimum tax. Where is he getting the money from? From his capital. So you are eroding the capital. And in Nigeria, we have gone through a lot of trails, if I can use that word. As the President said: ‘Let the poor breathe’. If we must follow that slogan, then exempt the low earner so that Nigeria will be better. What is likely to be the impact of the tax reform bills, if passed, on financial inclusion? I will go back to the cashless economy policy of the Central Bank of Nigeria (CBN) and its naira redesign programme. For those of us who have travelled outside this country, how often do you see people carrying cash? God help you if you are a black man and you get to any store in London and you bring out 100 pounds or 50 pounds. I have met a Briton who said he has never sighted 50 pounds in his life time. And we are carrying cash up and down in Nigeria. Who benefits? I’m speaking to the benefits of cashless economy and the naira redesign programme. Whatever the immediate past CBN Governor has done right, we acknowledge; whatever he has not done right, we isolate and deal with it on its merit and not to throw everything into the dustbin. So let’s take the very reasonable conclusion on the cashless economy: many people should have access to banking services. However, to do that, you also need to talk to CBN. The outrageous charges are also one of the things driving people away from the banks. Thank God for the fintechs; those ones are doing better. And I say to the established banks; they’d better wake up on time before they drive all of us to the fintechs. I have entered major hotels in this country and I bring out my debit card and I see Moniepoint or Opay and I say, where are the big banks of this world? Let it not be like NITEL and the experience we are having now. So don’t drive away people from the banking sector through outrageous charges. Once you don’t do that many people will come into that space and of course it will be easy to trace transactions. Furthermore, government must hold consultations on the tax reform bills at a very senior level; it should not be left to technocrats alone. When they are in a meeting and there are aspects that are not too clear to them, they can bring in technocrats to make our presentations and we leave the hall for them. They understand their language; they know how to talk to themselves. They need to do that at this time. But the most important thing is this. Let us assume that all the issues are resolved and the bills become an Act. If we give our money in terms of our tax payments to the government and we still see this kind of lifestyle shown by Local government chairmen, spouses of local government chairmen, state governors and by the leadership at the Federal level, it will be difficult for you to have voluntary compliance. I say this with all emphasis. So we appeal to our political leaders- it is a fiduciary duty to the nation-before you leave large go and be a Dangote. And the Dangote himself is not even living large. So as a political leader stop living large at our expense; tone down the opulence. Once you do this, you will restore the trust deficit that has been lost. Once the trust deficit is restored then there will be voluntary compliance, once there is voluntary compliance, cost of collection will go down and revenue will go up. This is the way to go; this is what we recommend to government. We won’t be tired of giving our recommendations. This is because we are the ones advising people to go and pay your taxes; it’s the right thing to do; its what will make Nigeria great and so on. The Economic stabilisation bills, which we pray will turn into an Act, will not on its own make Nigeria an el dorado. What will make Nigeria an el dorado is very good usage of tax revenue.Jimmy Carter had the longest post-presidency of anyone to hold the office, and one of the most active. Here is a look back at his life. 1924 — Jimmy Carter was born on Oct. 1 to Earl and Lillian Carter in the small town of Plains, Georgia. 1928 — Earl Carter bought a 350-acre farm 3 miles from Plains in the tiny community of Archery. The Carter family lived in a house on the farm without running water or electricity. 1941 — He graduated from Plains High School and enrolled at Georgia Southwestern College in Americus. 1942 — He transferred to Georgia Institute of Technology in Atlanta. 1943 — Carter’s boyhood dream of being in the Navy becomes a reality as he is appointed to the U.S. Naval Academy in Annapolis, Maryland. 1946 — He received his naval commission and on July 7 married Rosalynn Smith of Plains. They moved to Norfolk, Virginia. 1946-1952 — Carter’s three sons are born, Jack in 1947, Chip in 1950 and Jeff in 1952. 1962-66 — Carter is elected to the Georgia State Senate and serves two terms. 1953 — Carter’s father died and he cut his naval career short to save the family farm. Due to a limited income, Jimmy, Rosalynn and their three sons moved into Public Housing Apartment 9A in Plains. 1966 — He ran for governor, but lost. 1967 — Jimmy and Rosalynn Carter’s fourth child, Amy, is born. 1971 — He ran for governor again and won the election, becoming Georgia’s 76th governor on Jan. 12. 1974 — Carter announced his candidacy for president. 1976 — Carter was elected 39th president on Nov. 2, narrowly defeating incumbent Gerald Ford. 1978 — U.S. and the Peoples’ Republic of China establish full diplomatic relations. President Carter negotiates and mediates an accord between Egypt and Israel at Camp David. 1979 — The Department of Education is formed. Iranian radicals overrun the U.S. Embassy and seize American hostages. The Strategic Arms Limitations Treaty is signed. 1980 — On March 21, Carter announces that the U.S. will boycott the Olympic Games scheduled in Moscow. A rescue attempt to get American hostages out of Iran is unsuccessful. Carter was defeated in his bid for a second term as president by Ronald Reagan in November. 1981 — President Carter continues to negotiate the release of the American hostages in Iran. Minutes before his term as president is over, the hostages are released. 1982 — Carter became a distinguished professor at Emory University in Atlanta, and founded The Carter Center. The nonpartisan and nonprofit center addresses national and international issues of public policy. 1984 — Jimmy and Rosalynn Carter volunteer one week a year for Habitat for Humanity, a nonprofit organization that helps needy people in the United States and in other countries renovate and build homes, until 2020. He also taught Sunday school in the Maranatha Baptist Church of Plains from the mid-’80s until 2020. 2002 — Awarded the Nobel Peace Prize. 2015 — Carter announced in August he had been diagnosed with melanoma that spread to his brain. 2016 — He said in March that he no longer needed cancer treatment. 2024 — Carter dies at 100 years old. Sources: Cartercenter.org, Plains Historical Preservation Trust, The Associated Press; The Brookings Institution; U.S. Navy; WhiteHouse.gov, GallupPhoto: Chung Chow, BIV B.C.'s economic foundations show growing cracks as Trump tariffs and immigration shifts loom large, according to economist Jock Finlayson. As the clock ticks down on a turbulent 2024, Premier David Eby and his recently installed cabinet are staring at an uncertain and unforgiving economic landscape. While the province’s economy has been growing, the population has been increasing faster—resulting in a downward trend in the value of economic output, measured on a per-person basis. The same story has been unfolding across the country since 2022. Looking ahead, B.C. policymakers and the economists toiling in the Ministry of Finance must contend with two big external unknowns. The first is the return of Donald Trump. The incoming U.S. president has made a host of jaw-dropping promises, among them a pledge to slap a 25-per-cent tariff on all merchandise imports from Canada and Mexico on day one of his administration. Should he follow through with that plan, Canada’s economy will be plunged into an immediate recession. B.C. can expect a similar fate, notwithstanding our somewhat more diversified mix of trading partners. Last year, B.C. sold $30.5 billion of goods to the U.S., along with more than $10 billion in services, together representing well over half of our total international export earnings. The B.C. industries that will take the biggest hit from possible Trumpian tariffs include wood products, machinery and equipment, other segments of manufacturing, metallic minerals, energy and agri-food. The threatened across-the-board tariffs may never materialize, of course. However, it’s a fair bet that Trump’s presidency portends rocky times for the Canada-U.S. relationship. The near certainty of increased U.S. restrictions on the ability of B.C. exporters to sell to their principal foreign market means many Canadian companies looking to do business with the U.S. will be tempted to re-direct their capital and business growth ambitions to the south, thereby dampening domestic investment. Policymakers in Ottawa and Victoria need to be alert to this risk and stand prepared to take action to improve the wobbly investment climate at home. A second exogenous factor that will shape B.C.’s near-term economic outlook is the federal government’s decision to ratchet back immigration in 2025-26, following three years of record inflows. Ottawa’s about-face on immigration ranks as one of the most dramatic shifts in Canadian public policy in half a century. Under the Liberal government of Prime Minister Justin Trudeau, Canada has become wholly reliant on immigration-fuelled labour force growth to drive the economy. Rising permanent and temporary immigration has indeed boosted the economy, albeit without delivering meaningful gains in per-capita incomes, productivity or living standards. Now, federal policymakers intend to cut permanent immigration targets, impose sharp curbs on international students and somehow engineer the speedy departure of 1.3 million temporary residents currently living in Canada—all over the next two years. Exactly how—or whether—this will play out in the B.C. context is unclear. After three years of surging population growth, 2025 could see a flat or even slightly declining B.C. population. Lower immigration is necessary after years of untrammeled inflows, but zero or negative population growth will detract from the economy’s capacity to produce goods and services and will put a dent in labour supply. The net result will be slower growth in economy-wide spending and production. Economic prognosticators will need to adjust their forecasts accordingly. Closer to home, the B.C. government of Premier David Eby presides over a structurally weak economy in which much of the growth has been coming from a ballooning public sector, while large swathes of the private sector shrink or sit on the sidelines. In common with Canada as a whole, productivity in B.C. is stagnant at best. This unbalanced and unsustainable economic dynamic requires policy attention. Over the last few years, the B.C. NDP government has prioritized social and environmental goals and done little to bolster the foundations of a productive and competitive economy. Since coming to office in late 2022, the Eby administration has also dug a very large fiscal hole, with the B.C. government now running record budget deficits and building up debt at a stunning pace. The solution to these interrelated problems is to focus on fostering stronger growth in the province’s most productive industries—including natural resources, manufacturing and advanced technology—while keeping a lid on taxes, scaling back the extent and cost of government regulation, and carefully managing public sector outlays. Are Eby and his colleagues up to the task? Time will tell. Jock Finlayson is chief economist at the Independent Contractors and Businesses Association. This column first appeared in Business In Vancouver. This article is written by or on behalf of an outsourced columnist and does not necessarily reflect the views of Castanet.

Timeline: Jimmy Carter, 1924-2024

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No, the president cannot change Social SecurityPresident-elect Donald Trump today said he will nominate prominent investor Scott Bessent as U.S. Treasury secretary, ending days of twists that saw high profile candidates pitted against each other for the Cabinet position with vast influence over economic, regulatory and international affairs. Wall Street has been closely watching who Trump would choose, especially given his plans to remake global trade through tariffs and extend and potentially expand the raft of tax cuts enacted during his first term. The choice of Bessent, 62, who has spent his career in finance, gives Wall Street an advocate for tax reform and deregulation. Some strategists said his nomination was a relief as he understands markets and his appointment could reduce the chance of severe tariffs. The announcement — the most prominent of a flurry of Friday night appointments by Trump — caps a week where big name Wall Street luminaries’ chance at the job oscillated on a daily basis. Other names that had been considered included Apollo Global Management Chief Executive Marc Rowan and former Federal Reserve Governor Kevin Warsh. Investor John Paulson had also been a leading candidate, but dropped out, while Wall Street veteran Howard Lutnick, another contender, was appointed as head of the Commerce Department. The choice came after days of deliberations by Trump as he sorted through a shifting list of candidates. Bessent spent day after day at Trump’s Mar-a-Lago home in Florida providing economic advice, sources said, a proximity to the president-elect that may have helped him prevail. “Scott is widely respected as one of the world’s foremost international investors and geopolitical and economic strategists,” said Trump as he announced the nomination in a statement released on Truth Social. Bessent, from South Carolina, has spent his career in finance, working for macro investment billionaire George Soros and noted short seller Jim Chanos, as well as running his own hedge fund. As a money manager, he made a large bet on Trump winning after spotting what he called an anomaly in the market – that political and market analysts were too negative on what a Trump victory would mean. Bessent, who did not immediately respond to a request for comment, has advocated for tax reform and deregulation, particularly to spur more bank lending and energy production, as noted in a recent opinion piece he wrote for The Wall Street Journal. The market’s surge after Trump’s election victory, he wrote, signaled investor expectations of “higher growth, lower volatility and inflation, and a revitalized economy for all Americans.” “Bessent has been on the side of less aggressive tariffs,” said Oxford Economics’ Ryan Sweet, adding that picking him makes the steep tariffs Trump proposed on the campaign trail less likely. Bessent follows other financial luminaries who have taken the job, including former Goldman Sachs executives Robert Rubin, Hank Paulson and Steven Mnuchin, Trump’s first Treasury chief. Janet Yellen, the current secretary and first woman in the job, previously chaired the Federal Reserve and White House Council of Economic Advisers. As Treasury secretary, Bessent will essentially be the highest-ranking U.S. economic official, responsible for maintaining the plumbing of the world’s largest economy, from collecting taxes and paying the nation’s bills to managing the $28.6-trillion Treasury debt market and overseeing financial regulation, including handling and preventing market crises. The Treasury boss also runs U.S. financial sanctions policy, has influence over the U.S.-led International Monetary Fund, World Bank and other international financial institutions, and manages national security screenings of foreign investments in the United States. Bessent will face challenges, including safely managing federal deficits that are forecast to grow by nearly $8 trillion over a decade due to Trump’s plans to extend expiring tax cuts next year and add generous new breaks, including ending taxes on Social Security income. Without offsetting revenues, this new debt would add to an unsustainable fiscal trajectory already forecast to balloon U.S. debt by $22 trillion through 2033. Managing debt increases this large without market indigestion will be a challenge, though Bessent has argued Trump’s agenda will unleash stronger economic growth that will grow revenue and shore up market confidence. Bessent will also inherit the role carved out by Yellen to lead the Group of Seven wealthy democracies in providing tens of billions of dollars in economic support for Ukraine in its fight against Russia’s invasion and tightening sanctions on Moscow. But it is unclear whether he will pursue this, given Trump’s desire to end the war quickly and withdraw U.S. financial support for Ukraine. Another area where Bessent will likely differ from Yellen is her focus on climate change, from her mandate that development banks expand lending for clean energy to incorporating climate risks into financial regulations and managing hundreds of billions of dollars in clean-energy tax credits. Trump, a climate-change skeptic, has vowed to increase production of U.S. fossil fuel energy and end the clean-energy subsidies in President Joe Biden’s 2022 Inflation Reduction Act. The Treasury secretary is also the administration’s closest point of contact with the Federal Reserve. Both Yellen under Biden and Mnuchin under Trump typically met weekly with Fed Chair Jerome Powell, often over breakfast or lunch. Bessent has floated the idea of creating a “shadow” Fed chair. This would entail nominating as early as possible a presumptive Powell successor to the Fed Board who would then deliver their own policy guidance so that, as Bessent told Barron’s last month, “no one is really going to care what Jerome Powell has to say anymore.” Bessent has since said he no longer thinks the idea of a shadow chair is worth pursuing, the Wall Street Journal reported. Powell’s term as Fed chair expires in May 2026. Bessent, along with John Paulson, had been an early favorite for job earlier in the year, according to a Reuters report at the time and seemed to be in pole position a week after election day, on Nov. 12, when Paulson exited the race citing “complex financial obligations.” However, there were many twists in the race for the top position. On Nov. 13, banker Howard Lutnick, who was leading a transition team to vet personnel and draft policy, emerged as a top contender. Lutnick, however, was taken out of the running after Trump nominated him to lead his trade and tariff strategy as head of the Commerce Department. The pool of candidates then widened when Rowan, and former Federal Reserve Governor Kevin Warsh were under consideration as well as Republican U.S. Sen. Bill Hagerty, sources with knowledge of the transition process said at the time.‘Get Millie Black’ Is Not Your Typical Detective Show

Salesforce Earnings, Revenue Top Estimates, Guidance In LineIn a message to the American people, the King expressed “great sadness” at the news of Mr Carter’s death, describing him as “a committed public servant” who “devoted his life to promoting peace and human rights”. He added: “His dedication and humility served as an inspiration to many, and I remember with great fondness his visit to the United Kingdom in 1977. “My thoughts and prayers are with President Carter’s family and the American people at this time.” Mr Carter, a former peanut farmer, served one term in the White House between 1977 and 1981 and spent his post-presidency years as a global humanitarian, winning the Nobel Peace Prize in 2002. Sir Keir Starmer said Mr Carter had “lived his values in the service of others to the very end” through “decades of selfless public service”. Praising a “lifelong dedication to peace” that saw him win the Nobel Peace Prize in 2002, Sir Keir added: “Motivated by his strong faith and values, President Carter redefined the post-presidency with a remarkable commitment to social justice and human rights at home and abroad.” Tributes to Mr Carter followed the announcement of his death by his family on Sunday, more than a year after he decided to enter hospice care. His son, Chip Carter, said: “My father was a hero, not only to me but to everyone who believes in peace, human rights, and unselfish love.” Very sorry to hear of President Carter’s passing. I pay tribute to his decades of selfless public service. My thoughts are with his family and friends at this time. pic.twitter.com/IaKmZcteb1 — Keir Starmer (@Keir_Starmer) December 29, 2024 US President Joe Biden, one of the first elected politicians to endorse Mr Carter’s bid for the presidency in 1976, said the world had “lost an extraordinary leader, statesman and humanitarian”. He said: “Over six decades, we had the honour of calling Jimmy Carter a dear friend. But, what’s extraordinary about Jimmy Carter, though, is that millions of people throughout America and the world who never met him thought of him as a dear friend as well. “With his compassion and moral clarity, he worked to eradicate disease, forge peace, advance civil rights and human rights, promote free and fair elections, house the homeless, and always advocate for the least among us.” Vice President Kamala Harris said Mr Carter “reminded our nation and the world that there is strength in decency and compassion”. “His life and legacy continue to inspire me — and will inspire generations to come,” she said. “Our world is a better place because of President Carter.” Other UK politicians also paid tribute to Mr Carter. Liberal Democrat leader Sir Ed Davey said he was “an inspiration” who “led a truly remarkable life dedicated to public service with a genuine care for people”. Scottish First Minister John Swinney described the former president as “a good, decent, honest man who strove for peace in all that he did”, while Welsh First Minister said he was “a remarkable man” and “a humanitarian and scholar”. Former prime minister Sir Tony Blair said Mr Carter’s “life was a testament to public service”. He added: “I always had the greatest respect for him, his spirit and his dedication. He fundamentally cared and consistently toiled to help those in need.” Gordon Brown, another former prime minister, said it was a “privilege” to have known Mr Carter, who “will be mourned, not just in America, but in every continent where human rights are valued”. Mr Carter is expected to receive a state funeral featuring public observances in Atlanta, Georgia, and Washington DC before being buried in his hometown of Plains, Georgia. A moderate democrat born in Plains in October 1924, Mr Carter’s political career took him from the Georgia state senate to the state governorship and, finally, the White House, where he took office as 39th president in the wake of the Watergate scandal and the Vietnam War. His presidency saw economic disruption amid volatile oil prices, along with social tensions at home and challenges abroad including the Iranian revolution that sparked a 444-day hostage crisis at the US embassy in Tehran. But he also brokered the Camp David Accords between Egypt and Israel, which led to a peace treaty between the two countries in 1979. After his defeat in the 1980 presidential election, he worked more than four decades leading The Carter Centre, which he and his late wife Rosalynn co-founded in 1982 to “wage peace, fight disease, and build hope”. Under his leadership, the Carter Center virtually eliminated Guinea Worm disease, which has gone from affecting 3.5 million people in Africa and Asia in 1986 to just 14 in 2023. Mrs Carter, who died last year aged 96, had played a more active role in her husband’s presidency than previous first ladies, with Mr Carter saying she had been “my equal partner in everything I ever accomplished”. Earlier this year, on his 100th birthday, Mr Carter received a private congratulatory message from the King, expressing admiration for his life of public service