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COLUMBIA, S.C. --- Susan Smith, the young mom who shocked the nation 30 years ago when she rolled her car into a lake with her two sons inside and watched them drown, was denied parole Wednesday. Susan Smith is led from the Union County Courthouse after the first day of testimony in the penalty phase of her trial. Brooks Kraft LLC / Sygma via Getty Images fileFrom behind bars, Smith continued to claim she was a good mother. He then read a passage that Smith wrote explaining why she allowed her sons to die. “I knew Jesus would take better care of them than I could,” Smith wrote, according to Thomas.

Persons: Susan Smith, Smith, recusing, Michael, Alex, Smith's, David Smith, It's, it’s, Brooks Kraft, “, ” Smith, Tommy A, Thomas, Jesus, ” Tommy Pope, “ Susan, Susan, ”, Juliette Arcodia, Corky Siemaszko Organizations: COLUMBIA, S.C, TV, Courthouse, Reuters, Brooks, Brooks Kraft LLC, Getty, State, Women’s Correctional, South Carolina Department of Corrections, Republican, Pro Tem, South Carolina House Locations: Union , South Carolina, Union, South Carolina, Columbia, New York

☆ The Department of Justice asks court to force Google to spin off Chrome
▼ + stars: | 2024-11-20 | by ( Brian Fung | ) edition.cnn.com time to read: +7 min

Google has promised to appeal; the company didn’t immediately respond to a request for comment on Wednesday’s filing. “Google is a monopolist, and it has acted as one to maintain its monopoly,” Mehta wrote in his opinion. The Microsoft case has been credited with paving the way for Mozilla’s Firefox and Google’s Chrome browsers, which ultimately allowed Google to promote its search engine to billions of internet users. The Microsoft parallels in the Google case are clear, Mehta wrote in his August opinion. Even as Google fights the Justice Department on remedies in the search case, the company is embroiled in another antitrust battle just across the Potomac River in Alexandria, Virginia.

Persons: didn’t, Amit Mehta, Mehta, Satya Nadella, Bing, OpenAI, Trump, Joe Biden, – Mehta, Sherman, ” Mehta, “, ” Organizations: CNN, Google, Justice Department, Apple, Samsung, DOJ, Microsoft, Verizon, Court, District, Columbia, Chrome, Windows, Netscape, Department Locations: California, Alexandria , Virginia

☆ I went to law school in Mexico and an Ivy League in the US. It was cheaper and easier to make friends in Mexico.
▼ + stars: | 2024-11-20 | by ( Santiago Barraza Lopez | ) www.businessinsider.com time to read: +6 min

AdvertisementI first went to law school in Mexico, where people were more open to friendships. However, the top three global financial hubs (New York, London, and Singapore) belong to common law countries. The US has a common law system, meaning that laws come from uncodified case law resulting from court decisions. Law schools in Mexico take a more theoretical approach, while law schools in the US focus on the practical side. In my case, both law schools made sure we acknowledged this in order to understand how useful we can be.

Persons: — Organizations: Columbia, Universidad Iberoamericana, Columbia University, US, Law Locations: Mexico, Europe, Asia, South America, Africa, New York, London, Singapore

It more than doubled the criteria needed to be designated a bomb cyclone from Monday night to Tuesday night. A storm off the Northwest coast strengthens rapidly Tuesday, earning the bomb cyclone designation. Gusts up to 60 mph slammed western Oregon and Northern California endured gusts up to 80 mph. Another bomb cyclone? Another bomb cyclone could develop and rapidly strengthen just off the West Coast on Friday.

Persons: ” “, Rob Corcoran’s, ” Corcoran, “, Rob Corcoran's, Rob Corcoran, KIRO, ”, Isaac Yee, Sara Smart, Mike Madrigal Organizations: CNN, BC Hydro, Puget Sound Energy, County Fire Department, Puget Sound, Washington, Amtrak, KIRO, National Weather Service, Pacific Northwest, Weather Locations: Pacific Northwest, British Columbia, West, Washington, Seattle, Bellevue, County, Maple Valley, Lake Tapps , Washington, Stanwood, Medford , Oregon, Oregon, Northern California, Pacific, Eureka , California, California, San Francisco Bay, Coast

☆ U.S. Plans to Propose Breakup of Google to Fix Search Monopoly
▼ + stars: | 2024-11-20 | by ( David Mccabe | ) www.nytimes.com time to read: +1 min

The request would follow a landmark ruling in August by Judge Amit P. Mehta of the U.S. District Court for the District of Columbia that found Google had illegally maintained a monopoly in online search. Judge Mehta asked the Justice Department and the states that brought the antitrust case to submit solutions by the end of Wednesday to correct the search monopoly. Beyond the sale of Chrome, the government is set to ask Judge Mehta to bar Google from entering into paid agreements with Apple and others to be the automatic search engine on smartphones and in browsers, the people said. The proposals would likely be the most significant remedies to be requested in a tech antitrust case since the Justice Department asked to break up Microsoft in 2000. If Judge Mehta adopts the proposals, they will set the tone for a string of other antitrust cases that challenge the dominance of tech behemoths including Apple, Amazon and Meta.

Persons: Judge Amit P, Mehta, Judge Mehta Organizations: Justice Department, Google, U.S, District of, Chrome, Apple, Microsoft, Meta Locations: District of Columbia

☆ Billy Bob Thornton on His Movie & TV Roles: 'Friday Night Lights,' 'Landman'
▼ + stars: | 2024-11-20 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +12 min

But for his latest role starring in the Paramount+ drama "Landman," Thornton was tasked with a new, unique challenge: playing a version of himself. On ad-libbing his famous 'Friday Night Lights' speechThornton in "Friday Night Lights." Universal Pictures2004's "Friday Night Lights" is a beloved sports movie, and a big reason for that is the locker room speech your character, Coach Gary Caines, delivers. AdvertisementIn the pilot episode of "Landman," you film a scene at the high school football stadium in Odessa, Texas, where you filmed "Friday Night Lights." I ran into extras who were the children of extras on "Friday Night Lights."

Persons: Billy Bob Thornton, Thornton, Taylor Sheridan, it's, Tommy Norris, Norris, Tommy, Angela, Ali Larter, Monty, Jon Hamm, Billy Bob, Billy McBride, there's, Billy Wilder, Kurt Russell Bill Paxton, Stanley Donen's, Dan Aykroyd, Donna, Dan, Dudley Moore, Debbie Reynolds, Sammy Cahn, Sinatra, Stanley Donen, Bill Paxton, Bill, Rick Rossovich, Jeff Fahey, Kurt Russell, Kurt, Harvey Weinstein, Matt Damon, Penélope Cruz, Oscar, It's, Weinstein, Harvey, Matt, Damon, Cruz, Henry, Thomas, Lucas Black, Jayne Mansfield's, Gary Caines, Jerry Jones, Pete Berg, Boobie Miles Organizations: Paramount, Sporting, Bel Air, Columbia, Getty, Miramax Films, Sony, Miramax, Universal, Cowboys Locations: Fargo, West Texas, Mexican, Bel, Hollywood, Austrian, Fort Worth, Hot Springs, Odessa , Texas

☆ 'Moana' star Auli'i Cravalho says she kept deferring her Columbia place so the acting 'train' didn't come to a 'halt'
▼ + stars: | 2024-11-20 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +4 min

AdvertisementAuli'i Cravahlo told "Podcrushed" about deferring a Columbia University place in favor of her career. Auli'i Cravalho, the voice of Moana, said she decided to pause her education aspiration over fears her acting career would lose steam. Cravalho began her acting career at 14, debuting as Disney's first Polynesian princess in 2016's "Moana." Still, Moana is her most popular role as she prepares to return the character in "Moana 2," which is out next week. Cravalho told Scary Mommy and The Cut last year she now has to reapply to Columbia because she deferred her place too many times.

Persons: Auli'i Cravahlo, Glen Powell, Anne Hathaway, Auli'i Cravalho, Moana, Cravalho, Scary, she'd, I'm, Jake Gyllenhaal, Timothée, Powell, Kevin Mazur, YouGov, Gen, Joseph Fuller Organizations: Columbia University, Walt Disney Studios, Columbia, University of Texas, New York, National Center for Education Statistics, Deloitte, Business, Harvard Business School Locations: Moana

☆ Susan Smith, who drowned her two children 30 years ago, is up for parole
▼ + stars: | 2024-11-19 | by ( Juliette Arcodia | ) www.nbcnews.com time to read: +5 min

COLUMBIA, S.C. — Susan Smith, who shocked the nation 30 years ago when she rolled her car into a lake with her two children inside and watched them drown, will ask a parole board Wednesday to release her from prison. Almost 30 years ago to the day, Susan Smith made international headlines when she said she was carjacked late at night near Union, South Carolina, by a Black man. Smith, now 53, has had an eventful three decades behind bars in South Carolina, including multiple disciplinary actions. As of Monday, 471 people had written to the South Carolina Department of Probation, Parole and Pardon Services regarding Smith's hearing. Former lead prosecutor and current South Carolina State Rep. Tommy Pope is also expected to speak in opposition.

Persons: — Susan Smith, Smith, Susan Smith, Michael, Alex, David Smith, it’s, Houston Cagle, Alfred R, Rowe Jr, Smith “, “, Willie Rice, Rice, Tommy Pope, Pope, NewsNation, she’s Organizations: COLUMBIA, TV, Women’s Correctional, South Carolina Department of Corrections, State, South Carolina Department of Probation, South Carolina State Rep Locations: Union , South Carolina, South Carolina, Richland County

☆ Trump names Dr. Mehmet Oz to head Centers for Medicare and Medicaid Services
▼ + stars: | 2024-11-19 | by ( Kate Sullivan | Alayna Treene | ) edition.cnn.com time to read: +2 min

CNN —President-elect Donald Trump has picked Dr. Mehmet Oz to serve as the administrator for the Centers for Medicare and Medicaid Services. Oz, a cardiothoracic surgeon and television personality, ran unsuccessfully for Senate in 2022 in Pennsylvania with Trump’s backing. In 2018, Trump appointed Oz to the Presidential Council on Sports, Fitness and Nutrition, reappointing him to the position in 2020. Oz rose to fame as a frequent guest of Oprah Winfrey, eventually launching his own syndicated daytime TV talk show in 2009. Through “The Dr. Oz Show,” which won several daytime Emmy awards and reached millions of viewers, Oz became one of the most well-known doctors in the country.

Persons: Donald Trump, Mehmet Oz, Oz, ” Trump, Sen, John Fetterman, Trump, Oprah Winfrey, CNN’s KFile, ” Oz, Oliver Darcy Organizations: CNN, Centers, Medicare, Services, Senate, Democratic, Presidential Council, Sports, GOP, Seattle Times, Columbia University Locations: America, Pennsylvania, Covid

But the decline in support for Ms. Harris in some of the country’s most liberal areas is particularly notable. For example, in Fulton County, which contains most of Atlanta, Ms. Harris gained about 4,500 votes, but Mr. Trump gained more than 7,400. He similarly outran Ms. Harris where she made gains in Wake County, N.C., Lancaster County, Pa., and Montgomery County, Texas. In Milwaukee County in swing-state Wisconsin, Ms. Harris lost 1,200 voters compared with Mr. Biden’s total in 2020, while Mr. Trump gained more than 3,500. But he lost votes, as did Ms. Harris, in majority-Black counties, especially those in the South where turnout dropped overall.

Persons: Harris, Biden, Donald Trump, Kamala Harris’s, Joseph R, Iowa Kan, Trump, Larry Sabato, Mr, Sabato, “, Trump Harris, Eli Murray, Elena Shao, Charlie Smart, Christine Zhang, Biden’s, Christine Zhang Ms, Joel Benenson, Barack Obama’s, ” Mr, Benenson, Harris Trump, John McLaughlin, pollster, McLaughlin, ” Organizations: Trump, New York Times, Hawaii Idaho Ill, N.D . Ohio Okla, D.C, Biden, Mr, Harris Trump, Democratic, Lean Democratic, Lean Republican, Center, Politics, University of Virginia, Florida’s Miami, Republican, Republicans, Harris Trump Arizona, Indiana, Nebraska, Washington, of Columbia Locations: Ala, Alaska, Calif, Colo, Conn, Del, Fla . Ga, Hawaii Idaho, Ind, Iowa, Ky, La . Maine Md, Mass, Mich, Minn, Miss, Mo, Mont, Neb, N.H . N.J, N.M, N.Y, N.C, N.D . Ohio, N.D . Ohio Okla ., Pa, S.D . Tenn . Texas Utah, Va, Wash, W.Va . Wis, Wyo, Chicago, Los Angeles and New York, Texas, Florida, New Jersey, New York, Georgia, Fulton County, Atlanta, Wake County, Lancaster County, Montgomery County , Texas, Milwaukee County, Wisconsin, Milwaukee, Charlotte, Flint, Scranton, Dade County, Miami, Fresno County, Pinellas County, Fla, Black, Michigan, Nevada, Carolina, Alabama, Arkansas, California, Colorado, Connecticut, Delaware, Hawaii, Idaho, Illinois, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Minnesota, Mississippi, Missouri, Montana, Hampshire, Jersey, Mexico, York, Dakota, Ohio, Oklahoma, Oregon, Tennessee, Utah, Vermont, Virginia, Wyoming

☆ Pay first, deliver later: Some women are being asked to prepay for their baby
▼ + stars: | 2024-11-19 | by ( Renuka Rayasam | Kff Health News | ) edition.cnn.com time to read: +9 min

“So, I paid it.”On online baby message boards and other social media forums, pregnant women say they are being asked by their providers to pay out-of-pocket fees earlier than expected. In some cases, they may cause women to forgo prenatal care altogether, especially in places where few other maternity care options exist. When a pregnancy ends, OB-GYNs typically file a single insurance claim for routine prenatal care, labor, delivery, and, often, postpartum care. In addition, many people are opting for high-deductible health insurance plans, leaving them to shoulder a larger share of the costs. Of the 100 million U.S. people with health care debt, 12% attribute at least some of it to maternity care, according to a 2022 KFF poll.

Persons: Kathleen Clark, Clark, that’s, “, ”, Caitlin Donovan, Lisa Satterfield, it’s, Pamela Boatner, isn’t, Boatner, Peterson, Joy Burkhard, Erin Duffy, Jamie Daw’s, GYN, Daw, Sabrina Corlette, Lacy Marshall, Marshall, Dr, Sanjay Gupta, —, Peter, “ I’m Organizations: Health, OB, Patient Advocate Foundation, American College of Obstetricians, Maternal Mental, University of Southern California’s Schaeffer Center for Health, Columbia University, Center, Georgetown University, Medical, Rapha Health, CNN, CNN Health, KFF Locations: Cleveland , Tennessee, U.S, Georgia, Los Angeles, New York, Texas

Full coverage car insurance provides liability insurance and coverage for your car (collision and comprehensive). Best Cheap Full Coverage Car Insurance for Discounts: Farmers Auto InsuranceWhile other providers list less than 12 car insurance discounts, Farmers has over 23. Tips for Finding the Cheapest Full Coverage InsuranceFull coverage car insurance is more expensive than the minimum coverage. Cheap Full Coverage Car Insurance Frequently Asked QuestionsWhat does full coverage car insurance consist of? The standard full coverage car insurance consists of liability insurance, collision insurance, and comprehensive insurance.

Persons: we've, Chubb, GEICO, It's, Read, USAA, you'll, JD Power Organizations: Farm Auto Insurance, State, Farm, State Farm, Farmers Auto Insurance, Farmers, Insurance, Owners, Auto, Drivers, Luxury Vehicles, Chubb, People, Poor, GEICO, Customer Service, Erie Auto Insurance, North Central, District of Columbia, Military, Auto Insurance Military, National Guard Reserve, . Insurance, Toyota, JD, Better Business Bureau, Consumer Affairs Locations: Rhode Island and Massachusetts, New York, California, Erie, North, Chevron

☆ How Trump's rich Cabinet members could save millions thanks to a little-known tax break
▼ + stars: | 2024-11-19 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +5 min

AdvertisementTwo of the reported candidates for Treasury Secretary made their fortunes on Wall Street, including billionaire Apollo CEO Marc Rowan. Eligible federal appointees can defer capital gains taxes indefinitely when they sell stock or other assets in order to avoid a conflict of interest. As a top earner in New York, they would normally have to pay more than $3 million in capital gains taxes. The sum that would have been spent on capital gains taxes is now free to compound and grow. The IRS allows investors to defer capital gains taxes in other scenarios that are deemed outside their control.

Persons: Donald Trump's, Trump, Howard Lutnick, Cantor Fitzgerald, Major Trump, Chris Wright, Marc Rowan, Bush, Goldman Sachs, Henry Paulson, George H.W, Bob Willens, You've, Scott Bessent, frontrunners, eyeing Rowan, Kevin Warsh, Morgan Stanley, Warsh, Jane Lauder, Rowan, Ed Renn of Withersworldwide, Penny Pritzker, Mark Parthemer, Willens, Renn Organizations: Commerce, of Energy, Treasury, Executives, Columbia Business School, Federal Reserve, Government, IRS Locations: George H.W . Bush, New York

☆ Over 150 homes evacuated as wildfire risk persists across historically dry Northeast
▼ + stars: | 2024-11-18 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +5 min

Firefighters battle the ongoing Jennings Creek fire in Sterling Forest State Park, N.Y., on Sunday. via New York State PoliceIn Connecticut, there's an elevated risk of wildfire spread in Fairfield, New Haven, Middlesex, New London, and risk of elevated fire weather concerns in Litchfield. Smoke rises from the Jennings Creek fire in Sterling Forest State Park, N.Y., in aerial images released on Sunday. via New York State PoliceThe Jennings Creek wildfire, located in Orange County, New York, has burned more than 5,300 acres, and is 88% contained as of Sunday evening, the New York State Park Police said. The wildfire is burning primarily int he Sterling Forest State Park.

Persons: there's, Phil Murphy, Murphy Organizations: Apple, Greenwood Lake Middle School, NWS, New York, Firefighters, Sterling, Police, Boston, New York State Police, Park Police, Sterling Forest, New, New Jersey Forest Fire Service, New York City Fire Department, National Weather Service, U.S . Drought, New Jersey Gov Locations: New York, Apple , New Jersey , Connecticut, Massachusetts, Warwick, Greenwood Lake , New York, Orange, Greenwood, Schenectady, Albany, Rensselaer, Greene, Columbia, Ulster, Dutchess, Capital District, Hudson, New, New York City, Putnam, Rockland, Westchester, New Jersey's Passaic, Bergen , Essex, Union, Sterling Forest, N.Y, Connecticut, Fairfield , New Haven , Middlesex, New London, Litchfield . In Massachusetts, Cambridge, In New Jersey , Connecticut, York, Orange County , New York, Passaic County , New Jersey, New Jersey

☆ 1 in 5 Americans get their news from social media influencers
▼ + stars: | 2024-11-18 | by ( Kristian Burt | In | ) www.cnbc.com time to read: +7 min

Getty ImagesAbout 1 in 5 Americans say they regularly get their news from "news influencers" on social media, according to a new study by the Pew Research Center. Social media site X remained the most popular, with 85% of influencer respondents reporting they were on the site. Risk of misinformationQuestions around the influence of independent social media creators on politics erupted prior to and after the presidential election. Both candidates utilized social media to reach younger voters, most notably when President-elect Donald Trump appeared on Joe Rogan's podcast and Vice President Kamala Harris joined the "Call Her Daddy" podcast — both podcasts with large followings on social media. Network interviews in recent elections have tended to be more combative than those conducted on independent podcasts or social media accounts, Darr said.

Persons: Galen Stocking, influencers, Basil Smikle, Smikle, Pew, Instagram, TikTok, Donald Trump, Joe Rogan's, Kamala Harris, Alex Cooper, Joshua Darr, Darr, Alaina, it's, Hurricane Helene, Wood, Joe Rogan, Matteo Recanatini, he's, That's, MAGA, Recanatini Organizations: Pew Research Center, CNBC, Democratic, Columbia, YouTube, Pew, Facebook, US, Republican, Trump National Doral, Getty Locations: Syracuse, Tennessee, Trump National Doral Miami, Miami , Florida

☆ Sitting too much linked to heart disease –– even if you work out, according to new study
▼ + stars: | 2024-11-18 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +4 min

CNN —Sitting at your desk all day may put you at greater risk for heart disease –– even if you work out in your spare time, according to new research. This study was particularly helpful in investigating sitting because of its large sample size and the methodology it employed, Diaz said. “We would really recommend that as many people as possible avoid sitting more than 10.6 hours a day,” Ajufo said. The study is also observational, which means that while it can make associations, it can’t prove that the sitting was the cause of the heart disease, she added. To do their job well, muscles need movement.

Persons: ”, Ezim, Keith Diaz, Diaz, ” Ajufo, “ That’s, Ajufo, ” Diaz, don’t, “ You’re Organizations: CNN’s, CNN, Brigham, Women’s Hospital, Columbia University Medical Center, American College of Cardiology Locations: Boston

Andrew Harnik | Getty ImagesPresident-elect Donald Trump's return to the White House is poised to have big impacts on consumer health care. CMS, in turn, administers the Affordable Care Act marketplace and the Children's Health Insurance Program (CHIP), among other endeavors. A spokesperson for Trump's transition team did not respond to a request from CNBC for comment about the President-elect's health policy plans. Still, it's a 'big' gamble to forgo health insurance Around 3.8 million people will lose their health insurance if the subsidies expire, the Congressional Budget Office estimates. Short-term health insurance plans offer coverage for limited amounts of time, and typically on fewer medical services than comprehensive coverage.

Persons: Donald Trump, Andrew Harnik, Donald Trump's, Michael Sparer, Sparer, Trump, Robert F, Kennedy Jr, Kennedy, who's, Mario Tama, Cynthia Cox, I'd, Cox, Sabrina Corlette, Georgetown University's, Corlette, Carolyn McClanahan, Larry Levitt, Levitt, enrollee, they're, Yasin Ozturk, Biden, It's, — Organizations: Base Andrews, Getty, Affordable, Trump, Republican, Columbia University, of Health Policy, Management, of Health, Human Services, Medicare, Services, CMS, Children's Health Insurance, Washington Post, The Washington Post, CNBC, Providence St, Mary Medical Center, Finance, American, ACA, Cox, Congressional, Office, Republicans, Center, Health, Georgetown, Georgetown University's McCourt School of Public, Planning Partners, Medicaid, Social Security, Maskot, of Columbia, U.S, Capitol, Washington , D.C, Anadolu Agency, GOP, Corlette, pharma, Centers Locations: Base Andrews , Maryland, U.S, Duluth, Apple Valley , California, Jacksonville , Florida, Washington ,

☆ How a viral, duct-taped banana came to be worth $1 million
▼ + stars: | 2024-11-17 | by ( ) www.cnbc.com time to read: +4 min

But a banana duct-taped to a wall? That might sell for more than $1 million at an upcoming auction at Sotheby's in New York. The yellow banana fixed to the white wall with silver duct tape is a work entitled "Comedian," by Italian artist Maurizio Cattelan. Now, the conceptual artwork has an estimated value of between $1 million and $1.5 million at Sotheby's auction on Nov. 20. When asked to compare Cattelan's banana to a classic like Monet's "Nymphéas," Galperin says impressionism was not considered art when the movement began.

Persons: Maurizio Cattelan, David Datuna, David Galperin, Galperin, Sotheby's, Cattelan, Chloé Cooper Jones, Cooper Jones, Claude Monet Organizations: Art Basel Miami Beach, Columbia University School of, Arts Locations: Miami Beach , Florida, Sotheby's, New York, Italian, Selfie, Miami

☆ Elon Musk downsized Big Tech. Can he do the same to Big Government?
▼ + stars: | 2024-11-17 | by ( Amanda Hoover | ) www.businessinsider.com time to read: +11 min

And to run the new cost-cutting department, Trump tapped the businessman he calls the world's "greatest cutter" — Elon Musk. If you're looking to take a chainsaw to the federal government, Musk seems perfectly suited to the job. When it comes to federal spending, one person's waste is another person's bread and butter. And his massive investments in electric vehicles and social media are dependent on all sorts of federal spending and oversight. Musk has acknowledged that Americans will feel "hardship" as a result of the cuts he wants to see implemented.

Persons: Donald Trump, Trump, Elon Musk, Musk, cochair, Vivek Ramaswamy, Ronald Reagan —, There's, Michael Morris, Morris, it's, Andy Wu, Linda Bilmes, Ronald Reagan, Joel Friedman, Brian Hughes, DOGE, Reagan, Ramaswamy, It's, Sam, Uncle, Elon Organizations: Department of Government, Twitter, Tesla, SpaceX, Defense Department, IRS, Columbia Business School, Harvard Business School, Government, Harvard Kennedy School, Office, GAO, Fox News, Budget, Federal Aviation Administration, Veterans Administration, — Locations: Ecuador, Independence

☆ Weak shipbuilding could be the US Navy's Achilles' heel in a war with China
▼ + stars: | 2024-11-17 | by ( Chris Panella | ) www.businessinsider.com time to read: +14 min

The US Navy faces critical shipbuilding problems that could hobble it in a war with China. China's commercial and military shipbuilding capacity overshadows the rest of the world. China has pursued shipbuilding dominance over the past few years, building a massive naval fleet. Long-term investments and solutions are needed to fix the US Navy's shipbuilding problems. US Navy photo by Mass Communication Specialist Seaman Erwinjacob Miciano/ReleasedThe US Navy's shipbuilding woes aren't new, and there simply isn't a quick fix.

Persons: Shelby Oakley, Oakley, Paula Zorensky, Gerald R, Petty, Alex Smedegard, Bryan Clark, who's, Mackenzie Eaglen, Seaman Wesley J, Bryan McGrath, Matthew Funaiole, McGrath, Seaman Erwinjacob Miciano, Lisa Franchetti, Franchetti, John Harris, Campbell Organizations: US Navy, US, Getty Images China, Newport News Daily Press, TNS, Navy, Huntington Ingalls Industries, General Dynamics, Marinette Marine Corporation, of, Pentagon, USS Enterprise, Getty Images Navy, Shipbuilders, GAO, Shelby, Norfolk Naval Shipyard Shipbuilders, Shipbuilders Council of America, Ford, Columbia, Hudson Institute, American Enterprise Institute, Communication, Jiangnan Shipyard, Shipyards, China State Shipbuilding Corporation, China Power, Center for Strategic, International Studies, People's Liberation Army, of Naval Intelligence, Technological, Department of Defense, Pacific . US Locations: China, US Navy, Virginia, Columbia, Shelby West, Jiangnan, Dalian, Huangpu Wenchong, Hong Kong, Hudong, Shanghai, Beijing, Taiwan, Pacific, Japan, South Korea

WASHINGTON — President-elect Donald Trump’s consistent campaign pledge to impose sweeping tariffs on products imported into the U.S. is likely to face stiff challenges in court and potentially pushback from Congress. There are potential legal limits to Trump’s authority, even though he has said he would unilaterally impose the increases. But a broad array of tariffs on allies “could cross the line,” especially as the Supreme Court has taken a generally pro-business stance in recent years, he added. During the Biden administration, the Supreme Court embraced a theory called the “major questions doctrine.” Biden’s ambitious plan to wipe out billions of dollars in student debt was one of the proposals the Supreme Court faulted. The Supreme Court declined to take up the issue.

Persons: Donald Trump’s, Trump, he’s, Joe Biden, ”, Alan Morrison, “, ” Morrison, ‘, ” Trump, Ed Brzytwa, Brzytwa, Sen, Rand Paul, Rick Scott, ” Scott, Petros Mavroidis, ’, Jennifer Hillman, Hillman, Biden, Matt Priest, “ We’ll, ” Priest Organizations: WASHINGTON, China . Industry, George Washington University Law School, Chicago Economic Club, National Bureau of Economic Research, Federal Reserve Board, Consumer Technology Association, “ Consumers, CTA, Fox News, Sunday, Republicans, Columbia Law School, Georgetown Law Center, of International Trade, Trump, Appeals, Federal Circuit, Supreme, Federal Communications, Federal Energy Administration, Footwear Distributors, Retailers of America Locations: U.S, Congress, China, United States, Ky, Canada

☆ Meet the Americans stocking up on cars, skincare, and toilet paper ahead of Trump's potential trade restrictions
▼ + stars: | 2024-11-16 | by ( Juliana Kaplan | Ayelet Sheffey | ) www.businessinsider.com time to read: +8 min

For some, the fear of tariffs means stocking up on cars, skincare, and hair products. But following Donald Trump's presidential election victory, Hull heard that car costs could surge if his tariff plans are enacted. On the campaign trail, Trump proposed a 60% tariff on imports from China and 10% to 20% on goods from other countries. AdvertisementConsidering the larger scale of Trump's proposals this time around, trade experts have identified goods, including car parts, apparel, and electronics, as products at risk of getting more expensive under Trump's tariff proposals. With so much uncertainty regarding Trump's tariff proposals, it's difficult to plan.

Persons: Donald Trump, Kristen Hull, Donald Trump's, Hull, Trump, She's, I'm, Indi Dutta, Gupta, Karoline Leavitt, Vance, she's, Dutta, Marissa Garcia, Trump's, Peterson, Garcia, Beatrice Barba, Barba, Lisa Evans, Jonathan Gold, it's, Ford Organizations: Biden, Hull, Business, Georgetown University, Roosevelt Institute, Trump, Discovery, American Progress, National Retail Federation, jkaplan Locations: China, Columbia, Southern Indiana, Jacksonville , Florida, Los Angeles

☆ Elon Musk is looking for trillions in government waste, and defense is a massive potential target
▼ + stars: | 2024-11-16 | by ( Jake Epstein | Grace Kay | ) www.businessinsider.com time to read: +10 min

President-elect Donald Trump has tapped Elon Musk to help spearhead cuts to government spending, and the defense sector could be a prime target. But Musk's past comments hint at one area he could target: defense contracts. Musk built SpaceX's business model around fixed-price contracts. Musk's new initiative could recommend exactly this: a move away from cost-plus contracts toward fixed-price contracts. An aerial view of the Pentagon AP Photo/Patrick Semansky, FileMusk's new initiative may target other areas of Pentagon spending, as well.

Persons: Donald Trump, Elon, Elon Musk, It's, Trump, Musk, Julia Demaree Nikhinson, Clayton Swope, Walter Isaacson's, Swope, John Raoux Overspending, Gerald R, Mike Gallagher, Gallagher, Ford, Steve Helber, Bryan McGrath, Todd Harrison, —, Harrison, Michael Bohnert, they've, Archer Macy, Patrick Semansky, John Harvey Jr, Mississippi Sen, Roger Wicker Organizations: Defense, Pentagon, Department of Government, SpaceX, NASA, AP, Center for Strategic, International Studies, Services, International Space, Kennedy Space Center, Littoral, Ford, DoD, Republican, Palantir Technologies, Newport News Shipbuilding, American Enterprise Institute, Shipbuilding, BAE Systems, RAND Corporation, CSIS, US Air Force, Navy, Senate Armed Services Committee Locations: Pennsylvania, Columbia, China, Wisconsin, Virginia, Mississippi

☆ Janvier: We will see a strong economy next year.
▼ + stars: | 2024-11-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJanvier: We will see a strong economy next year. Nicolas Janvier, Head of U.S. Equity Research at Columbia Threadneedle, highlights strong U.S. market fundamentals and potential earnings growth, especially for banks due to lower tax rates.

Persons: Nicolas Janvier Organizations: U.S . Equity Research, Columbia

☆ From clothes to computers, 6 things expected to get more expensive if Trump's trade plans are enacted
▼ + stars: | 2024-11-15 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +10 min

If implemented, Americans could see prices rise across several product categories. AdvertisementBased on analyses from economists and trade experts, here are the goods that could become more expensive for Americans under Trump's tariff proposals. AdvertisementSome retailers have already announced preparations to increase prices should Trump's tariff plans go into effect. AdvertisementGold said it's unlikely Trump's tariffs would go into effect on day one or day two, and "it's tough to say right now at what point consumers would feel the impact." AdvertisementA report from centrist think tank ThirdWay said that Trump's tariff proposals analyzed eight common purchases that the US either heavily imports or is unable to produce domestically.

Persons: Donald Trump, Trump, —, Mary Lovely, Lovely, There's, Joe Biden, Jonathan Gold, it's, Karoline Leavitt, Tim Boyle, Gold, Philip Daniele, Daniele, Shinji Aoyama, Henrik Elm, Elm, Taylor Rogers Organizations: Trade, Service, Peterson Institute for International Economics, Trump, Consumers, National Retail Federation, Retailers, Bank of America, Columbia, Washington Post, Electronics, Consumer Technology Association, CTA, Honda, General Motors, Ford, Inter Ikea —, Ikea, Reuters, NPR, International Trade Commission, Republican National Committee Locations: China, Mexico, Europe

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