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Opinion | Can Rahm Emanuel Flip the Script Again?
  + stars: | 2024-12-03 | by ( Bret Stephens | ) www.nytimes.com   time to read: +1 min
There’s a buzz around Rahm Emanuel — the former Bill Clinton adviser, former Illinois congressman, former chief of staff to President Barack Obama, former mayor of Chicago — possibly becoming the next head of the Democratic National Committee. “What started as two wars in two theaters is now one war in two separate theaters,” he says of the conflicts in Ukraine and the Middle East. “We need to ensure that it does not expand into a third theater.”How soon might that happen? I mention 2027, a year that’s often seen as China’s target date for reunification with Taiwan, if necessary by force. Unlike with Taipei, to which America’s obligations are deliberately ambiguous, with Manila and Seoul our defense commitments are ironclad.
Persons: Rahm Emanuel —, Bill Clinton, Barack Obama, Chicago —, Walter Mondale, Howard Baker, , it’s, Emanuel, Kim Jong, Organizations: Democratic National Committee, North Korean, South Locations: Illinois, Chicago, Japan, New York City, Asia, Ukraine, Taiwan, North, South Korea, Russia, South China, China, Philippines, Taipei, Manila, Seoul
Axon Enterprise could be set up for continued gains in the months ahead, according to Morgan Stanley. Analyst Meta Marshall upgraded the stock to overweight, and her price target of $700 reflects about 10% upside from Monday's close. This comes as the stock has risen more than 146% year to date. "While the name is expensive and may need to grow into valuation given run YTD, over the long term, we see it as a core holding." "As a result, we are more willing to ascribe value to AI portfolio pulling through other products, which could lead to additional valuation upside (as prelim AI portfolio pull through is likely built into price after recent run)," Marshall continued.
Persons: Morgan Stanley, Meta Marshall, Marshall, FactSet –
CNN —A California man confessed to helping the North Korean regime prepare for an attack in a “sophisticated scheme” to illegally obtain restricted weapons and military grade technology, federal prosecutors announced Tuesday. Wen, who allegedly overstayed his visa and remained in the US illegally, was arrested Tuesday by the FBI. Thousands of US military personnel are stationed in South Korea to help bolster security and stability in the region. Justice Department officials said the arrest was unrelated to Tuesday’s internal political turmoil amid a declaration of martial law and clashes outside South Korean parliament. Akil Davis, head of the FBI’s Los Angeles division, said: “Not only did the investigative team prevent additional restricted items going to the North Korean regime, but they gathered valuable intelligence for the United States and our allies.”
Persons: Shenghua Wen, Wen, , , Martin Estrada, Estrada, Shawn Gibson, Akil Davis Organizations: CNN, North, Justice Department, FBI, Korean, North Korean, . Justice, South, Prosecutors, Department of Justice, Emergency Economic, Homeland Security Investigations, Los Locations: California, Ontario , California, South Korea, Texas, Los Angeles, North Korea, United States
“Our people lie at the heart of a deep and profound connection that forever binds Africa and the United States together. “The story of Angola and the United States holds a lesson for the world. “The United States understands how we invest in Africa is as important as how much we invest,” Biden said. During his remarks, Biden touted US efforts to expand its relationships across Africa, including billions of dollars in investments in Angola. “It was the beginning of slavery in the United States.
Persons: Joe Biden, ” Biden, Álvaro de Carvalho Matoso, Biden, he’s, , , Yoon Suk Yeol, Wanda Tucker, William Tucker, William Tucker’s, Anthony, Isabella, Tucker, João Manuel Gonçalves Lourenço, Hunter Biden Organizations: CNN, National Museum of Slavery, United States, Initiative, South Korean, Monday, Rio Salado College, Angolan, Democratic, Democratic Party, Capitol Locations: United States, Angola, , Africa, America, United, Beijing, South Korea, China, Portuguese, Virginia, Arizona, Luanda, Lobito, Democratic Republic of the Congo
Police stand guard in front of the main gate of the National Assembly in Seoul on December 3, 2024, after South Korea's President Yoon Suk Yeol declared emergency martial law. South Korea President Yoon on December 3 declared emergency martial law, saying the step was necessary to protect the country from "communist forces" amid parliamentary wrangling over a budget bill. The iShares MSCI South Korea ETF, which tracks more than 90 large and mid-sized companies in South Korea, tumbled 6% to hit a 52-week low. South Korean stocks dropped in the U.S. on Tuesday after President Yoon Suk Yeol invoked emergency powers and declared martial law, raising fear of instability in the world's 13th largest economy. This is the first time since 1980 a South Korean leader has issued a martial law declaration.
Persons: Yoon Suk Yeol, Yoon, Yoon Suk, Organizations: National Assembly, South, Korea ETF, Korea Electric, KT Corporation, Korea Telecom, Korea Exchange, U.S, South Korean Locations: Seoul, Korea, South Korea, U.S, Korean, South Korean, North Korea
In this article MSFT Follow your favorite stocks CREATE FREE ACCOUNTUKRAINE - 2022/01/07: In this photo illustration a Microsoft Azure logo seen displayed on a smartphone. Microsoft offers a cheaper price to firms running Windows Server on Azure than on direct competitors like AWS, Google's cloud or Alibaba Cloud. The lawsuit argues firms running the widely-used server software are essentially being overcharged to use alternative cloud computing solutions. "By doing so, Microsoft is trying to force customers into using its cloud computing service Azure and restricting competition in the sector." From 2017 to 2022, European cloud firms' market share halved from 27% to 13%, lagging international rivals as the entire European cloud market grew fivefold to 10.4 billion euros ($11 billion), according to data from Synergy Research Group.
Persons: Igor Golovniov, Maria Luisa Stasi, Stasi, it's, Solange Viegas Dos Reis, There's, Dos Reis, OVHCloud Organizations: Getty, Microsoft, Amazon Web Services, Google, Windows, CNBC, Stasi, CMA, Markets Authority, European Commission, EU, Synergy Research, U.S Locations: UKRAINE
But Kremlin-affiliated and pro-war accounts aren't playing ball, independent Russian media reported. A new analysis found that only 10 of the top 82 political pro-government Telegram channels had registered. Nearly 90% of Russia's top pro-war Telegram channels have been ignoring a government directive to identify themselves in an official registry, per an analysis by independent media outlet Vertska. But the move was originally unpopular with pro-Kremlin military bloggers, who often maintain anonymity and sometimes post analyses and criticism of Russian war leaders. Vyacheslav Volodin, the chairman of Russia's State Duma, runs the most popular registered channel.
Persons: Vladimir Putin, Vertska, Rybar, Ramzan Kadyrov, Dmitry Medvedev, Sergei Sobyanin, Boris Rozhin, Cassad, Dmitry Nikotin, Vyacheslav Volodin, Roskomnadzor Organizations: Kremlin, Security Council, Russian Defense, Duma, Business, YouTube Locations: Russia, Russian, Moscow's, Washington, Ukraine, Moscow
Elon Musk's battle over his Tesla pay is entering a new phase. A Delaware judge ruled on Monday that Tesla's shareholder vote wasn't enough to pass Elon Musk's $55 billion compensation package. One issue that may come up is whether Musk influenced the negotiations over his Tesla pay package, as the trial judge suggested in her initial ruling, he said. Given that Musk's pay package was set to be the largest ever for a CEO, there aren't many cases to turn to for direct precedent. "When you know Delaware law, you know that stuff like that is just not going to fly," Alon-Beck said.
Persons: Elon, Elon Musk's, Tesla, Kathaleen St, J . McCormick, Mathieu Shapiro, Obermayer's, Shapiro, Musk, " Shapiro, Anat Alon, Beck, Mark Zuckerberg's, Alon, Zuckerberg, Dorothy Lund, Lund, hasn't, Elon Musk, Robyn Denholm Organizations: Elon Musk's, Case Western Reserve University, Instagram, Delaware Supreme Locations: Delaware, Texas, Columbia
Treasury Secretary Janet Yellen delivers remarks on the Inflation Reduction Act after visiting the site of a new paperless processing initiative in McLean, Virginia, on August 2, 2023. Multiple shots were fired early Tuesday morning near the Washington, D.C., home of Treasury Secretary Janet Yellen in what senior law enforcement officials called an "agent involved shooting," NBC News reported. Yellen, who is protected by U.S. Secret Service agents, was not under threat during the incident, law enforcement sources told NBC. The Secret Service did not immediately respond to CNBC's request for comment. The incident will be investigated by the U.S. Attorney's Office in Washington and Washington Metropolitan Police.
Persons: Janet Yellen, Yellen Organizations: D.C, NBC, Secret Service, U.S, Attorney's, Washington Metropolitan Police Locations: McLean , Virginia, Washington
The secretary general of South Korea’s National Assembly, Kim Min-ki, condemned the military on Wednesday morning for breaking into the legislature during President Yoon Suk Yeol’s brief imposition of martial law, saying that nearly 300 troops had stormed the compound. Mr. Kim offered the most detailed official account yet of the military’s incursion. About 230 troops were flown by helicopter onto the assembly grounds, and roughly 50 others jumped fences to gain entry, he said. Mr. Kim played closed-circuit footage of soldiers entering the compound, saying that all such video would soon be made public. As the secretary general, Mr. Kim is nonpartisan, but he was a member of the opposition Democratic Party until last spring.
Persons: Kim Min, Yoon Suk, Yoon’s, ” Mr, Kim Organizations: South Korea’s National Assembly, National Assembly, Democratic Party Locations: South Korea’s
AdvertisementVietnamese real estate tycoon Truong My Lan had her appeal against the death sentence rejected. Judges said her sentence may be reduced if she paid three-quarters of the $12 billion she embezzled. A Vietnamese real estate tycoon is desperately trying to raise $9 billion to avoid the death penalty after her bid to appeal the sentence was rejected on Tuesday. Advertisement"However, these require time and effort to sell, as many of the assets are real estate and take time to liquidate," Nguyen said. Lan's lawyers also said that the death sentence would make it harder for her to negotiate the best prices for her assets.
Persons: Truong, Lan, Van Thinh, Khac Giang, – Yusof, Vietnam aren't, she's, Nguyen Huy Thiep, Nguyen, Eric Chu, Truong Hue Van Organizations: Saigon Commercial Bank, Vietnam Studies, Institute, BBC Locations: Saigon, Ho Chi Minh City, Vietnam, Truong Hue
AdvertisementElon Musk filed a lawsuit against OpenAI in February, only to briefly withdraw it in June. Elon Musk briefly withdrew his lawsuit against OpenAI in June after he had a conversation with Sam Altman in March, The Wall Street Journal reported on Sunday. Last month, Musk amended his lawsuit to include Microsoft as a defendant and accused Microsoft and OpenAI of forming a monopoly. In addition to suing Altman, Musk recently gave him a nickname: "Swindly Sam." AdvertisementRepresentatives for Altman at OpenAI and Musk did not respond to requests for comment from BI.
Persons: Elon Musk, Musk, Altman, Sam, Sam Altman, Musk's, OpenAI, David Hoffman, BI's Grace Kay, Tesla, xAI Organizations: OpenAI, Street, Microsoft, SpaceX, University of Pennsylvania, Twitter Locations: Big Sky , Montana, That's, OpenAI
CNN —There’ll be a strong sense of déjà vu when French President Emmanuel Macron lays the flattery on thick for Donald Trump in Paris this weekend. The president seeks to highlight US commitment to sub-Saharan Africa in the face of China’s investment-led regional power play. Trump never made it to Africa as president and seemed more interested in insulting the continent than helping it. From left to right, Brigitte Macron, President-elect Donald Trump, Melania Trump and French President Emmanuel Macron at Le Jules Verne Restaurant at the Eiffel Tower, on July 13, 2017. Trump will arrive in Paris shortly after selecting Charles Kushner, the father-in-law of his daughter Ivanka as the next US ambassador to France.
Persons: CNN —, Emmanuel Macron, Donald Trump, Trump, Macron, Trump isn’t, — he’s, Justin Trudeau, Trump’s, Joe Biden’s, Hunter, , Virginia Democratic Sen, Tim Kaine, CNN’s Manu Raju, Utah Republican Sen, Mitt Romney, Biden, Biden’s, ” Trump, It’s, Ludovic Marin, Angela Merkel, Barack Obama, Vladimir Putin, There’s, don’t, Olaf Scholz, Keir Starmer, Michel Barnier, Marine Le, Jules Verne, , “ Emmanuel, Brigitte Macron, Melania Trump, Le Jules Verne Restaurant, Saul Loeb, , Macron’s, Macron —, Viktor Orbán, he’s, Charles Kushner, Ivanka, Kushner, Ivanka Trump, Jared Kushner Organizations: CNN, Notre Dame Cathedral, Trump, Canadian, Hamas, Virginia Democratic, Utah Republican, City, , Notre Dame, Getty, European Union, New British, Labour Party, EU, Party, Michelin, Eiffel, White, Trump — Locations: Paris, Canada, Mexico, Florida, Gaza, Virginia, Utah, Angola, Saharan Africa, Africa, Buenos Aires, AFP, France, Washington, Ukraine, Russian, Russia, Germany, Britain, Europe, Hungarian, New Hampshire, Manhattan
For many younger South Koreans, President Yoon Suk Yeol’s short-lived declaration of martial law late Tuesday night was their first exposure to a kind of turbulence that older generations remember all too well. Since South Korea was founded in 1948, a number of presidents have declared states of military emergency. The most recent — and the most notorious, perhaps — came after the 1979 assassination of President Park Chung-hee, a former general who had occasionally used martial law himself to crack down on political protests and opposition since seizing power in 1961. Soon after Mr. Park was killed, a general, Chun Doo-hwan, staged his own coup. In May 1980, he declared martial law, banning all political activities, closing schools and arresting dissidents.
Persons: Yoon Suk, , Park Chung, Park, Chun Organizations: South, Mr Locations: South Korea, Gwangju
Italy bans Airbnb self-check-ins
  + stars: | 2024-12-03 | by ( Barbie Latza Nadeau | ) edition.cnn.com   time to read: +3 min
For travel tips, recipes and more insight on Italian culture, sign up for CNN’s Unlocking Italy newsletter. This eight-part guide will have you packing your bags in no time. Rome CNN —The days of arriving late at an Airbnb in Italy and opening up the key box to let yourself will soon be over after the country issued a ban on self-check-ins under a new law it says is needed to combat potential terrorism. The ban represents a tightening up of Italian law. Local governments have already welcomed the move, which comes on the heels of a ban on keyboxes issued by the Tuscan city of Florence in mid-November.
Persons: Rome Roberto Gualtieri, , Daniela Santanché Organizations: Rome CNN, Interior Ministry, CNN, ” CNN Locations: Rome, Italy, Cortina, Tuscan, Florence,
A little more than four years ago, the Supreme Court delivered a surprise victory to L.G.B.T.Q. Rejecting the position of the Trump administration, the court ruled by a lopsided margin that a federal civil rights law protected transgender people from workplace discrimination. In the intervening years, transgender rights have become a ferocious battleground in the culture wars, and controversies over health care, bathrooms, sports and pronouns played a prominent role in the presidential campaign. But the Supreme Court has had only glancing encounters with such issues since the employment discrimination case in 2020, which featured a majority opinion from Justice Neil M. Gorsuch, Mr. Trump’s first appointee to the court. That will change on Wednesday, when the court hears its second major case on transgender rights, a challenge to a Tennessee law that prohibits some medical treatments for transgender youths.
Persons: Trump, Neil M, Gorsuch, Trump’s Locations: Tennessee
AdvertisementI moved from Canada to the US in 2010 and have no plans to return anytime soon. Canada's healthcare isn't as great as it soundsMy left-leaning American friends dream about moving north under the specter of a second Trump administration. At the same time, Canada's healthcare system experiences some of the longest wait times for "elective" procedures like knee replacements, and there's no way to skip the line, for better or worse. Why I'm staying in New YorkI'm not a fan of the direction American politics is taking. But thanks to the plentiful opportunities in New York and the lack thereof I see in Canada, I'm staying in the US.
Persons: they're, specter, Trump, I'm, you'll, haven't, It's Organizations: Canada, Bowdoin College, New Locations: Canada, Toronto, New York, New York City, Alabama, Ontario, Maine, PitchBook, Brooklyn
But with Medicare Advantage plans, there are provider networks that limit the choice of doctors and hospitals from which a beneficiary may choose, he said. Call Medicare Advantage plans or medical providers directly to find out if they are still covered, as brochures can sometimes be outdated, Cubanski said. Medigap, also known as Medicare supplement insurance, provides private insurance to help pay for out-of-pocket costs not covered under original Medicare plans. But experts say the choice between private Medicare Advantage plans and government Medicare original plans is largely personal. However, Medicare Advantage enrollees may need to get prior authorization before receiving certain types of care, Cubanski said.
Persons: Moeller, It's, Cubanski, Joe Biden, Ken Cedeno, " Moeller, Medigap, Justin Sullivan Organizations: Brigade, Reuters, Medicare Locations: Prince George's County , Maryland, U.S, Oakland , California
U.S. Steel — Shares dropped 8.6% Tuesday, the day after President-elect Donald Trump said he would stop Japan's Nippon Steel from buying the Pittsburgh steelmaker. Zscaler — The cloud security company posted in-line guidance for its fiscal second quarter revenue that disappointed investors, sending shares more than 3.5% lower. PSQ Holdings — Shares surged 89% after Bloomberg News, citing people familiar with the matter, reported Donald Trump Jr. could join the board of PSQ Holdings as soon as Tuesday. South Korean stocks — U.S.-listed shares of South Korean stocks slumped after the country's president declared martial law. FedEx — The Memphis-based package delivery company slipped 3.3% after being downgraded at Bernstein to market perform from outperform.
Persons: Donald Trump, Redburn, LSEG, Zscaler, Donald Trump Jr, Cleanspark, Tesla, Elon Musk's, Bernstein, OLLI, Mgmt, Jesse Pound, Sarah Min, Hakyung Kim, Pia Singh, Michelle Fox Organizations: . Steel, Nippon Steel, Pittsburgh, Holdings, PSQ Holdings, Bloomberg, Revenue, U.S, South, Korea ETF, Franklin FTSE, Franklin FTSE South Korea ETF, FedEx —, Wells Locations: Delaware, Korea, Franklin FTSE South, Memphis, Wells Fargo
South Korean president declares martial law
  + stars: | 2024-12-03 | by ( Ellen Rittiner | ) edition.cnn.com   time to read: 1 min
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President Biden has put a special emphasis on South Korea, choosing it as the first non-U.S. site for his annual international conclave, the Summit for Democracy. And in 2023, he hosted President Yoon Suk Yeol for a state dinner at the White House, where the tuxedo-clad Mr. Yoon sang “American Pie” to an adoring audience. Mr. Biden has also relied on Mr. Yoon to provide munitions for Ukraine’s defense against the Russian invasion. Now, with Mr. Yoon imposing martial law after wildly accusing the opposition party of conspiring with North Korea to undermine him, the American alliance with South Korea faces its biggest test in decades. We are seriously concerned by the developments we are seeing on the ground in the R.O.K.”
Persons: Asia —, Biden, Yoon Suk, Yoon, , Mr, Yoon’s Organizations: Summit for Democracy, White, White House National Security Council Locations: South Korea, U.S, Asia, Russian, North Korea, China, Russia, Washington, Republic of Korea
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The special counsel appointed to investigate President-elect Donald J. Trump is wrapping up his work without the charges he brought in two cases ever going in front of a jury. The special counsel named to lead the inquiry into Hunter Biden, the president’s son, has just seen the two convictions he secured wiped away by a presidential pardon. Mr. Trump, whose election victory last month has done nothing to blunt his desire for retribution against those who pursued or opposed him, is trying to install a new F.B.I. director, Kash Patel, dedicated to turning the nation’s premier law enforcement agency upside down. And President Biden, who for years cast himself as the principled defender of democratic norms and the rule of law, defended his grant of clemency to his son by saying Hunter had been “selectively, and unfairly, prosecuted” in a process infected by “raw politics.”
Persons: Donald J, Hunter Biden, Trump, Kash Patel, Biden, Hunter, Organizations: Trump
A television screen shows a news broadcasting of South Korean President Yoon Suk Yeol delivering a speech on emergency martial law, in Goyang, northwest of Seoul, on December 3, 2024. South Korea's won on Tuesday fell sharply against the U.S. dollar shortly after President Yoon Suk Yeol declared an emergency marital law. The U.S. dollar traded up as much as 2.7% against the won, before paring gains. Speaking during an unannounced televised briefing, South Korea's Yoon accused opposition lawmakers of controlling the parliament and throwing the country into a political crisis. Martial law refers to the temporary imposition of military authority over a civilian population, typically during a time of emergency.
Persons: Yoon Suk, South Korea's, Yoon Suk Yeol, Korea's Yoon, Yoon, hasn't Organizations: South, U.S, U.S . Locations: Goyang, Seoul, Republic of Korea, Korean, Asia's
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