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Israel’s new defense minister has said security forces would no longer apply administrative detention orders to Jewish settlers in the occupied West Bank, and thus only Palestinian suspects can be held indefinitely without trial. Israel Katz, a long-time ally of Israeli Prime Minister Benjamin Netanyahu, was appointed defense minister earlier in November and announced the decision on Friday. In 2019, Trump abandoned the long-held U.S. position that West Bank settlements are illegal before it was restored by President Joe Biden. Settler immunity from administrative detention coincides with heightened rhetoric from Israeli ministers calling for the West Bank to be annexed. The U.N. said four Palestinian children have been killed every week in the West Bank on average since the current conflict began, a three-fold increase from the first nine months of 2023.
Persons: Donald Trump, Israel Katz, Benjamin Netanyahu, Israel Katz Bebeto Matthews, B’Tselem, Yair Lapid, Israel's, Itamar Ben, Trump, Joe Biden, Israel’s, Bezalel Smotrich, Trump’s, Smotrich, , , Mike Huckabee, Yossi Mekelberg, Defense Lloyd J, Austin, Katz Organizations: West Bank, Palestinian Prisoner Society, National, Palestinian Authority, Arkansas Gov, Arutz, United Nations Office, Humanitarian Affairs, Chatham House’s, NBC, Defense Locations: Gaza, Lebanon, Israel, Bank, U.S, Washington, Arkansas, East, North Africa, South Lebanon
Abortion rights groups are bracing for an especially tough fight in conservative Missouri, where they see one of the most restrictive bans in the country in place. But abortion rights groups in the heavily Republican state said they’re prepared to respond to any. Abortion rights groups also aren’t expecting much of a battle in Colorado, Maryland, Nevada or New York — the remaining four states where voters passed measures enshrining abortion rights in state constitutions earlier this month. “Ballot measures don’t end on Election Day. (The ballot measure that would have enshrined abortion rights in Florida’s constitution failed, even though it received the support of 57% of voters.)
Persons: Roe, Wade, , Olivia Cappello, ” Tori Schafer, Kelsey Pritchard, Susan B, Anthony Pro, ” Pritchard didn’t, it’s, , Chris Love, Dawn Penich, Jill Norgaard, Pritchard, they’re, Quentin Savwoir Organizations: U.S, Supreme, GOP, Republican, Thomas More Society, Arizona, Voters, Strategy Center Locations: Missouri, . Missouri, “ Missouri, Arizona, ” Arizona, Montana, Colorado , Maryland, Nevada, New York, that’s, Maryland, Colorado, Florida , Nebraska, South Dakota, Florida
President-elect Donald Trump on Friday named Russell Vought, a co-author of Project 2025 who served as a platform policy director for the Republican National Committee, as his pick to lead the Office of Management and Budget. Russell Vought, then-acting director of the Office of Management and Budget, during a hearing in Washington in 2020. If he is confirmed by the Senate, Vought would oversee budget and the execution of Trump's policies across executive departments and agencies. Vought previously served as director of the Office of Management during Trump's first term. He assumed the role after working as deputy director and acting director of that office before his Senate confirmation in July 2020.
Persons: Donald Trump, Russell Vought, Trump, deregulator, Russ, , Tom Williams, , Tom Homan, Brendan Carr, John Ratcliffe, Trump's Organizations: Republican National Committee, Management, Government, People, Inc, Getty, Heritage Foundation, Republican, Federal Communications Commission, Senate Locations: State, Washington
President-elect Donald Trump on Friday nominated Dr. Marty Makary, a pancreatic surgeon at Johns Hopkins University who's made controversial claims about Covid, as commissioner of the Food and Drug Administration. The Agency needs Dr. Marty Makary, a Highly Respected Johns Hopkins Surgical Oncologist and Health Policy Expert, to course-correct and refocus the Agency," Trump said on Truth Social. As FDA commissioner, Makary would be responsible for regulating and overseeing drugs, food, medical devices and other products, such as tobacco and cosmetics. The current FDA commissioner is Dr. Robert Califf, a cardiologist who also held the role during President Barack Obama's second term. Trump had two FDA commissioners during his first term: physician Dr. Scott Gottlieb and oncologist Dr. Stephen Hahn.
Persons: Donald Trump, Marty Makary, Johns Hopkins University who's, Makary, He's, Trump, Robert F, Kennedy Jr, He’s, Noam Galai, Kennedy, Kennedy’s, ” Makary, Dr, Paul Offit, Offit, Robert Califf, Barack Obama's, Scott Gottlieb, oncologist Dr, Stephen Hahn Organizations: Johns Hopkins University, Food and Drug Administration, Johns, World Health, Safety, National Academy of Medicine, National Academies of Science, Engineering, Medicine, Paragon Health Institute, Fox News, FDA, Agency, Johns Hopkins Surgical, Truth, HBO, Street, Biden, Health, Human Services, Children’s Hospital of Philadelphia Locations: Johns Hopkins, New York City, U.S
Wealthy countries' $300 billion offer seeks to end COP29 stalemate
  + stars: | 2024-11-23 | by ( ) www.cnbc.com   time to read: +1 min
People walk past the logotype at the venue for the 2024 United Nations Climate Change Conference (COP29) in Baku on November 11, 2024. The European Union, U.S. and other wealthy countries at the COP29 summit have agreed to raise their offer to $300 billion per year by 2035 to help developing nations deal with climate change, sources told Reuters on Saturday, after a previous proposal was dismissed as insultingly low. The shift in position came after a $250 billion proposal for a deal, drafted by Azerbaijan's COP29 presidency on Friday, was panned by developing countries as insufficient. It was not clear if the wealthy countries' revised position had been formally communicated to developing countries at COP29, and whether it would be enough to win their support. The U.S. delegation at COP29 and the UK energy ministry did not immediately respond to requests for comment.
Persons: , Azerbaijan's COP29 Organizations: Change, European Union, Reuters, EU, Commission, U.S Locations: Baku, COP29, United States, Australia, Britain
Opinion | Three Theories of the Trump Cabinet
  + stars: | 2024-11-23 | by ( Ross Douthat | ) www.nytimes.com   time to read: +1 min
It did seem, at least, that the appointments to Trump’s cabinet might help us make plausible statements about the trajectory of his administration. That Trump has picked more loyalists than last time is true, inevitable and not especially useful in terms of figuring out how exactly (apart from never appointing a special prosecutor to investigate the boss!) That some of his nominees are eccentric or unfit-seeming and others are more conventional is likewise to be expected. Neither observation gives us a general theory of Trump 2.0. Instead, let’s consider three subtheories of how this cabinet might actually work.
Persons: Donald Trump’s, Trump, let’s, Matthew Zeitlin Organizations: Trump
Forcing the issue is the end of many of the tax cuts Republicans passed in 2017. Republicans want to protect their handiwork and extend the tax cuts before they lapse. By conventional budget rules in Washington, doing so would amount to a tax cut — and an expensive one at that. Republicans are struggling to come up with other tax increases or spending cuts to cover that cost. So maybe it is not a surprise that some of them are starting to advance an alternative theory of the case: that continuing existing tax cuts actually costs nothing.
Organizations: Republicans, Capitol, Congressional, Office Locations: Washington
The day after President Vladimir V. Putin of Russia raised the stakes in tensions with the West, many Russians awoke on Friday feeling anxious that the prospect of nuclear war had come slightly closer. But in Russia’s tightly controlled news media and pro-government social media channels, there were only fawning reactions to the Russian leader’s new round of saber-rattling and promises that Moscow’s enemies would “tremble in fear.”Mr. Putin announced late Thursday that Russia had launched a new intermediate-range ballistic missile at Ukraine, in response to Kyiv’s first use of U.S. and British missiles against targets inside Russia this week. Russia, he said, also has the right to strike nations “that allow their weapons to be used against our facilities.”In the West, Thursday’s launch of the nuclear-capable Oreshnik missile and Mr. Putin’s remarks were perceived as a threat against Ukraine and its allies, and drew widespread condemnation as an escalation. In Russia, the events were billed as an important sign that the Kremlin would enforce its red lines, with the implication that enforcement could include nuclear weapons.
Persons: Vladimir V, Putin, , Mr, Putin’s Organizations: Ukraine Locations: Russia, Russian, Ukraine, British
Russia has fired about 60 North Korean KN-23 missiles at Ukraine this year, according to a Ukrainian defense official. These less-sophisticated missiles are part of North Korea’s growing support to Moscow, which also includes about 11,000 North Korean soldiers deployed to Russia’s Kursk region. Strikes using North Korean missiles have killed at least 28 people and injured 213 this year, the Ukrainian prosecutor general told CNN. Ukrainian investigators found evidence that crucial components used in the North Korean missiles are produced by at least nine Western manufacturers. There are more than 250 companies whose components have been identified in North Korean missiles, according to CAR.
Persons: , Yuriy Ignat, Russia – “, , Andriy Kulchytskyi, Damien Spleeters, Victoria Vyshnivska, Vyshnivska, Danylo, Vladyslav Vlasiuk, Trump, Richard Blumenthal Organizations: Ukraine CNN —, CNN, Ukrainian Air Force, Korean, North Korean, Scientific Research, Forensic, Ukraine’s, Corruption, Military Research, Kyiv’s Scientific Research, Ukrainian Defense Intelligence, Research, Getty, US Commerce Department, , US, Investigations, Defense Intelligence Locations: Kyiv, Ukraine, Ukraine CNN — Ukraine, Russia, North, Moscow, Russia’s Kursk, United States, Netherlands, United Kingdom, North Korea, Germany, Switzerland, Korean, US, China, Anadolu, Canada, Belarus, Western, Ukrainian, Russian, Iran
This market is starting to summon the lighthearted take on a mullet haircut: business in the front, party in the back. BTC.CM= YTD mountain Bitcoin, YTD Every bullish argument for bitcoin comes down to "More people will soon have more ways to buy more of it." I've tracked the interplay between bitcoin and Nvidia shares for a while. The market's immediate response was simply to allow Nvidia to hold onto the $2.3 trillion in market value it's added this year, but not to pile on more. Meaning the current pace of new money entering these funds is not as heavy relative to total market value as it was nearly four years ago.
Persons: Trump, bitcoin, I've, John Roque, Warren Pies Organizations: Nasdaq, Nvidia, Nvidia ramped, Vanda Research, Trump, 22V Research, Bloomberg, Federal Reserve, 3Fourteen Research Locations: lockstep, bitcoin
AdvertisementChristophe Barraud predicted a Republican sweep and spike in the 10-year yield. Barraud, a top US economy forecaster, expects GDP growth to exceed consensus forecasts. He also expects higher inflation and shares concerns over the deficit crossing 7.5% of GDP. AdvertisementHe previously said that US GDP growth in 2025 would be stronger than expected at 2.1%, above Bloomberg's consensus forecast of 1.9%. A stronger labor market will cause this, especially wage growth and new job creation, combined with labor shortages from restrictive immigration policy.
Persons: Christophe Barraud, Kamala Harris, Donald Trump, Barraud, I'm, Trump Organizations: Republican, Market Securities Monaco, Bloomberg, Trump, Congressional, Office, Tax Foundation
Currently, individuals and married couples can gift or bequeath $13.61 million and $27.22 million, respectively, before a 40% federal estate tax kicks in. AdvertisementThe heirs don't own the trust assets but rather have lifetime rights to the trust's income and real estate. Any payout is also protected from estate taxes, even if the insured's estate and death benefit exceed the exemption. AdvertisementThis tactic can also be used to save on estate taxes by ultra-rich entrepreneurs who have already used their exemption but have less-wealthy parents who haven't. When the children inherit the assets, the federal estate tax doesn't kick in as long as the grandparents' estate does not exceed $27.22 million.
Persons: Trump, Robert Strauss, Weinstock Manion, Uncle Sam, Wrigley, Jeff Bezos, Jackie O, Edward Renn, Tyler Le, remarries, Jenny Chang, Rodriguez, Sam Walton, haven't Organizations: Republican, Getty, IRS, Federal Reserve, Walmart Locations: Cayman Islands, Bermuda, Washington, Florida, Wyoming, Plenty
AdvertisementTrump's new Department of Government Efficiency aims to reduce the number of federal workers. Business Insider looked at the highest average salaries of federal civilian employees by occupation. The top 20 had average salaries over $160,000, with medical officers ranking No. Three of the five jobs with the highest average salaries were health-related. Financial analysis workers rounded out the top 20 highest-paying jobs on average; their largest employer, with about 300 analysts, was the Federal Deposit Insurance Corporation.
Persons: Donald Trump's, Elon Musk, Vivek Ramaswamy, Ramaswamy, Trump, Karoline Leavitt, Vance Organizations: of, Efficiency, Business, Trump's Department, Government, Tesla, GOP, Street Journal, Management, Department of Veterans Affairs, Federal Deposit Insurance Corporation, Department of Education, Department of Energy, Trump, mhoff
In a year of landmark elections, my country’s presidential vote last month flew under the radar. And perhaps with good reason: Uruguay’s balloting was marked by unexciting candidates and their lackluster attempts to entice undecided voters to the polls. An uneventful vote seems preferable to the deep polarization that has surrounded presidential elections over the past year in countries like El Salvador, Argentina, Venezuela and even the United States. And young Uruguayans are afflicted by many problems. As it did in other countries, the Covid-19 pandemic left Uruguay in the grip of a mental-health crisis that hit this group hard.
Persons: It’s Locations: Uruguay, El Salvador, Argentina, Venezuela, United States, America, Latin America
AdvertisementThe CHIPS and Science Act, offering over $30 billion in incentives, spurred semiconductor lobbying. Related VideoAmerican manufacturers like Intel and Micron boosted their lobbying funding, while foreign companies like TSMC assembled their DC-based government relations teams in response. Business Insider reviewed lobbying public disclosure reports associated with various chip companies and focused on the top listed lobbyists and governmental affairs departments. Only three companies—Polar Semiconductor, Global Foundries, and TSMC—have finalized funding contracts out of 21 set to receive CHIPS Act grant funding. The spokesperson declined to comment on chip lobbying efforts and the specifics of individual CHIPS applicants.
Persons: TSMC, Chris Miller, Joe Biden's, Donald Trump, Joe Rogan, TSMC —, Lori Yue, Yue, Trump, Howard Lutnick, Cantor Fitzgerald Organizations: Nvidia, TSMC, Intel, Big Tech, Micron, AMD, Business, Polar Semiconductor, Global, of Commerce, Companies, Columbia Business School, The Locations: Washington, Washington ,, Taiwan
AdvertisementDozens of UK partners at PwC will take early retirement in December, Sky News reported. More PwC partners than usual will take early retirement at the end of this year, marking another shake-up at the firm's UK division since the appointment of a new boss, Marco Amitrano, in Spring. PwC's 1,030 UK partners were informed this week via a voice memo from Amitrano that dozens of partners would take early retirement next month, Sky News reported. AdvertisementThe jump in partners taking early retirement follows a series of changes following Amitrano's elevation to senior partner for the UK and Middle East in April. UK partners at PwC took home an average of £862,000 (about $1.1 million) this financial year, 5% less than they did in 2023.
Persons: PwC, Marco Amitrano, , Amitrano Organizations: PwC, Sky News, Big, — Deloitte, EY, KPMG, East, Deloitte, Labour Locations: Spring
Stock for Sale by Cabinet Members
  + stars: | 2024-11-23 | by ( Lauren Hirsch | ) www.nytimes.com   time to read: +1 min
As President-elect Donald Trump takes an unconventional approach to stocking his cabinet, he’s also embracing one candidate pool that has plenty of precedent: Wall Street chief executives. On Friday, Trump picked Scott Bessent, a top economic adviser and the founder of Key Square Group, a hedge fund, to be his Treasury secretary. He previously tapped Howard Lutnick, the chief executive of the financial services firm Cantor Fitzgerald, for commerce secretary. Executives appointed to government positions are often required to make extensive stock divestitures, so the path from Wall Street to Washington can be particularly complex (while also offering an opportunity to avoid certain taxes). Bessent’s potential departure from Key Square may trigger “key man provisions” that often protect clients of hedge funds if top executives leave.
Persons: Donald Trump, he’s, Trump, Scott Bessent, Howard Lutnick, Cantor Fitzgerald Organizations: Wall Street, Key Square Locations: Washington
But first came an invitation to have dinner in the suburbs with a senior official from their party in the Indian state of Maharashtra. They would share a car ride, and Mr. Deshmukh could catch the train from there. That, Mr. Deshmukh said, is when he realized he was being kidnapped. Mr. Deshmukh had become a pawn in what is known as “resort politics,” a longstanding practice unique to India’s rough-and-tumble democracy. To ensure that they would stick to the plan, the lawmakers were moved to other states and isolated in luxury resorts.
Persons: Nitin Deshmukh, Deshmukh, Mr, Locations: Mumbai, Indian, Maharashtra
Millions of Americans facing retirement are worried they won't be financially prepared — or fear that they'll have to work forever. Others said they took Social Security too early or retired without a long-term financial plan. Some older Americans wish they'd had more investing knowledgeA major theme among BI's survey respondents was that they lacked knowledge about investing. She also didn't realize that because she has a pension in addition to receiving Social Security when she retires, she would be affected by a little-known Social Security provision that would lower her monthly check. Between her pension of $713 monthly and Social Security, which she expects will be between $1,200 and $1,400 monthly, she'll have just enough to cover her rent.
Persons: they'd, boomer, Gary Lee Hayes, he'd, Hayes, Charles Schwab, Nancy Seeger, Seeger, she's, I've, Nevenka Vrdoljak, Vrdoljak, PJ White, White, She's, hasn't Organizations: Social Security, Navy, Verizon, Vanguard, Transamerica Institute, Medicare, Bank, America's, Bank of America, Merrill, Bank of America Private Bank Locations: California, Cleveland, San Diego
AdvertisementElon Musk teased the idea of buying the TV network MSNBC. Elon Musk has teased the idea of buying the liberal TV network MSNBC. Musk floated the idea on social media, responding to a post on X shared by Donald Trump Jr. that said Comcast was putting the network up for sale. AdvertisementWhile there's no formal indication that Musk intends to go ahead with an offer for MSNBC, the idea has already sparked some concerns. President-elect Donald Trump.
Persons: Elon Musk, Musk, Donald Trump Jr, Trump, Elon, Thomas Whalen, Whalen, Vladimir Putin, Donald Trump, Chip Somodevilla, Donald J Organizations: MSNBC, Comcast, TV, Twitter, Boston University, Telegraph, Getty, Radical Left Democrats, Trump, Business Locations: Russia
Germany's Merkel laments influence of big business on Trump
  + stars: | 2024-11-23 | by ( ) www.cnbc.com   time to read: +1 min
Former German chancellor Angela Merkel has called the influence of tech billionaires such as Elon Musk over U.S. President-elect Donald Trump a "huge concern". In an interview with the news magazine Der Spiegel published on Friday ahead of the release of her memoir, Merkel said the job of politics was ultimately to balance the interests of ordinary and powerful citizens. "If this ultimate recourse is influenced too strongly by companies, whether through capital power or technological capabilities, then that is an unprecedented challenge for all of us," she said. She cited the example of Musk, chief executive of Tesla and SpaceX, who was tapped by Trump to co-lead a new Department of Government Efficiency that the incoming president has indicated will operate outside the confines of government. "If a person like him [Musk] owns 60% of all satellites orbiting in space, then that has to be a huge concern for us in addition to the political issues," Merkel said.
Persons: Angela Merkel, Elon Musk, Donald Trump, Der Spiegel, Merkel, Musk, Tesla, Trump Organizations: Elon, SpaceX, of Government Efficiency
The results of the study, published Thursday in the journal Science, surprised whale researchers because they suggest the creatures can hear at much higher frequencies than expected. Scientists had never captured baleen whales and tested their hearing before because the animals are so large it could be dangerous to both the whales and researchers. Scientists know, from recordings and other observations, that baleen whales rely on hearing for social communication and that it’s important to their survival. Minke whales were a good target for audio testing because they’re the smallest baleen whale and a species whose hearing scientists don’t understand very well. He said the Minke Whale Hearing Project is on hold, but he’d like to pursue the topic further if he could secure funding.
Persons: , Dorian Houser, , Susan Parks, , that’s, ” Houser, ” Parks, Houser, Regina Asmutis, Silvia, ” Asmutis, Asmutis, Brandon Southall, ” Southall, Southall Organizations: Marine Mammal Foundation, Mammal, Syracuse University, Conservation, Locations: Norway, New York, Norwegian, Lofoten, North America
WASHINGTON — The Supreme Court could further weaken the power of federal agencies by agreeing on Friday to hear a dispute over a Federal Communications Commission program that requires companies to subsidize telecommunications services in underserved areas. The FCC case raises two interlinked issues, one of which concerns the broad question of whether Congress exceeded its powers. The FCC turned to the Supreme Court after the New Orleans-based 5th U.S. The Supreme Court earlier this year issued a series of rulings against federal agencies, including one overturning a 40-year-old precedent that gave leeway to agencies to interpret laws written ambiguously. Three of them serve on the Supreme Court.
Persons: WASHINGTON —, Andrew Oldham, Donald Trump's Organizations: Federal Communications Commission, FCC, Consumers, Research, Universal Service Fund, Universal Service Administrative Company, New, Circuit, Conservative, Oldham, Trump Locations: New Orleans
The Texas Board of Education narrowly voted Friday to allow Bible-based curriculum in elementary schools. Greg Abbott has voiced support for the lesson plans, which were provided by the state’s education agency that oversees the more than 5 million students in Texas public schools. Staci Childs, who is an attorney and a Democrat who voted against the Bible curriculum at Friday's hearing, said she believes it will be challenged in court. The new Texas curriculum follows Republican-led efforts in neighboring states to give religion more of a presence in public schools. The Texas Education Agency, which oversees public education for students statewide, created its instruction materials after a law passed in 2023 by the GOP-controlled Legislature required the agency to do so.
Persons: Greg Abbott, Staci Childs, Matthew Patrick Shaw, , Mary Castle Organizations: Texas, of Education, Texas State, Republicans, Republican Gov, Republican, Vanderbilt University, The Texas Education Agency, GOP Locations: Texas, Oklahoma, Louisiana
A recent Israeli airstrike in Syria killed a senior Hezbollah commander who helped plan one of the boldest and most sophisticated attacks against American troops during the Iraq War, according to a senior U.S. defense official. Ali Mussa Daqduq had been captured by U.S. forces following the 2007 raid in which militants posing as an American security team killed five U.S. soldiers. It was not immediately clear when the strike took place, where in Syria or whether it targeted Daqduq specifically, the senior defense official said. The elaborate raid Daqduq helped plan was carried out at a U.S.-Iraqi military complex in Karbala on Jan. 20, 2007. The facility was part of a series of compounds known as Joint Security Stations in Iraq, where U.S. troops lived and worked with the Iraqi police and soldiers.
Persons: Ali Mussa Daqduq, Daqduq, Jacob Noel Fritz, Brian Scott Freeman, Shawn Patrick, Johnathan Bryan Chism, Johnathon Miles Millican Organizations: Pentagon, Security, Provisional Joint Coordination Center, Spc, Force, country's Revolutionary Guard, Quds Force, U.S Locations: Syria, Iraq, U.S, American, Iraqi, Karbala, Jan, Iran
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