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TBILISI, Goergia — Former soccer player Mikheil Kavelashvili was formally inaugurated as president of Georgia on Sunday, cementing the ruling party's grip in what the opposition calls a blow to the country's EU aspirations and a victory for former imperial ruler Russia. Outgoing pro-Western Georgian President Salome Zourabichvili said Sunday morning that she would vacate her residence at the Orbeliani Palace in Tbilisi, but insisted she was still the legitimate office holder. "I will come out of here, come out to you and be with you. ... This presidential residence was a symbol as long as there was a president here who was legitimate. I bring legitimacy with me," Zourabichvili told a crowd of supporters outside the palace. She called Kavelashvili's inauguration a "parody." Kavelashvili, 53, who was the only candidate on the ballot, easily won the vote earlier in December given the Georgian Dream party's control of a 300-seat electoral college that replaced direct presidential elections in 2017. It is made up of members of Parliament, municipal councils and regional legislatures. In his speech Sunday, Kavelashvili promised to be "everyone's president, regardless of whether they like me or not." He called for the nation to unite behind him around "shared values, the principles of mutual respect, and the future we should build together." Georgian Dream retained control of Parliament in the South Caucasus nation in an Oct. 26 election that the opposition alleges was rigged with Moscow's help. The party has vowed to continue pushing toward accession in the European Union but also wants to "reset" ties with Russia. Georgia's outgoing president and main pro-Western parties have boycotted the post-election parliamentary sessions and demanded a rerun of the ballot. In 2008 Russia fought a brief war with Georgia, which led to Moscow's recognition of two breakaway regions as independent, and an increase in the Russian military presence in South Ossetia and Abkhazia. Critics have accused Georgian Dream — established by Bidzina Ivanishvili, a shadowy billionaire who made his fortune in Russia — of becoming increasingly authoritarian and tilted toward Moscow, accusations the ruling party has denied. The party recently pushed through laws similar to those used by the Kremlin to crack down on freedom of speech and LGBTQ+ rights. Georgian Dream's decision last month to suspend talks on their country's bid to join the EU added to the opposition's outrage and galvanized protests. Protesters in front of the parliament building on Sunday held red cards, in reference to Kavelashvili's career in soccer. "Because today our president is a footballer, we are showing him a red card. The next step will be sending him off the pitch. The Georgian people will definitely do this, because it was a circus that they have held today in the parliament," protester Sofia Shamanidi told The Associated Press. Outgoing president demands new elections Zourabichvili, 72, was born in France to parents with Georgian roots and had a successful career with the French Foreign Ministry before President Mikheil Saakashvili named her Georgia's top diplomat in 2004. Constitutional changes made the president's job largely ceremonial before Zourabichvili was elected by popular vote with Georgian Dream's support in 2018. She became sharply critical of the ruling party, accusing it of pro-Russia policies, and Georgian Dream unsuccessfully tried to impeach her. Zourabichvili has rejected government claims that the opposition was fomenting violence. "We are not demanding a revolution," she told The Associated Press. "We are asking for new elections, but in conditions that will ensure that the will of the people will not be misrepresented or stolen again. Who is the new president? Georgia's opposition has mocked Kavelashvili for lacking higher education. He was a striker in the English Premier League for Manchester City and played for several clubs in the Swiss Super League. He was elected to Parliament in 2016 on the Georgian Dream ticket, and in 2022 co-founded the People's Power political movement, which was allied with Georgian Dream and become known for its strong anti-Western rhetoric. Kavelashvili was one of the authors of a controversial law requiring organizations that receive more than 20% of their funding from abroad to register as "pursuing the interest of a foreign power," similar to a Russian law used to discredit critical organizations. The EU, which granted Georgia candidate status in December 2023 on condition that the country meets the bloc's recommendations, put its accession on hold and cut financial support in June following approval of the "foreign influence" law. How did protests unfold? Thousands of demonstrators converged on the parliament building every night after the government announced the suspension of EU accession talks on Nov. 28. Riot police used water cannons and tear gas almost daily to disperse and beat scores of protesters, some of whom threw fireworks at police officers and built barricades on the capital's central boulevard. Hundreds were detained and over 100 treated for injuries. Several journalists were beaten by police and media workers accused authorities of using thugs to deter people from attending anti-government rallies, which Georgian Dream denies. The crackdown has drawn strong condemnation from the United States and EU officials.
Microsoft co-founder Bill Gates once voiced his doubts about Bitcoin BTC/USD , stating that he would bet against the cryptocurrency if given the opportunity. What Happened : During an interview in 2018, Gates criticized Bitcoin’s lack of productivity as an asset class. “As an asset class, you’re not producing anything and so you shouldn’t expect it to go up. It’s kind of a pure ‘greater fool theory’ type of investment,” Gates told CNBC. He further added, “I agree I would short it if there was an easy way to do it.” Despite his criticism of Bitcoin and Initial Coin Offerings (ICOs), Gates acknowledged the potential of the underlying blockchain technology. "Bitcoin and ICOs, I believe completely of the crazier, speculative things," Gates added. He also said that someone once gave him some Bitcoin for his birthday, but he sold it a few years afterward. Also Read: Tech Titans Warm Up To Donald Trump, Who Says ‘Everybody Wants To Be My Friend,’ Claims Bill Gates Asked To Come To Mar-a-Lago Blockchain eliminates the need for a third-party intermediary, such as a bank, by quickly creating a secure, permanent record of a transaction between two parties. At the time of writing, Bitcoin was trading at $94,816.71. Why It Matters : Gates’ skepticism towards Bitcoin adds to the ongoing debate about the viability of cryptocurrencies. While the underlying blockchain technology is widely acknowledged for its potential to revolutionize various sectors, the volatility and lack of productivity of cryptocurrencies like Bitcoin continue to raise concerns among investors and industry leaders. Gates’ comments come at a time when Bitcoin’s value has seen significant fluctuations, further highlighting the risks associated with such investments. Read Next Bill Gates Surprised By Lack of Interest In These Essential But ‘Boring’ Topics This content was partially produced with the help of AI and was reviewed and published by Benzinga editors. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.With a focus on human rights, US policy toward Latin America under Jimmy Carter briefly tempered a long tradition of interventionism in a key sphere of American influence, analysts say. Carter, who died Sunday at the age of 100, defied the furor of US conservatives to negotiate the handover of the Panama Canal to Panamanian control, suspended aid to multiple authoritarian governments in the region, and even attempted to normalize relations with Cuba. Carter's resolve to chart a course toward democracy and diplomacy, however, was severely tested in Central America and Cuba, where he was forced to balance his human rights priorities with pressure from adversaries to combat the spread of communism amid the Cold War standoff with the Soviet Union. "Latin America was fundamental and his global policy was oriented toward human rights, democratic values and multilateral cooperation," political analyst Michael Shifter of the Inter-American Dialogue, a think tank in Washington, told AFP. During his 1977-1981 administration, which was sandwiched between the Republican presidencies of Gerald Ford and Ronald Reagan, the Democrat sought to take a step back from US alignment with right-wing dictatorships in Latin America. An important symbol of Carter's approach was the signing of two treaties in 1977 to officially turn over the Panama Canal in 1999. "Jimmy Carter understood that if he did not return the canal to Panama, the relationship between the United States and Panama could lead to a new crisis in a country where Washington could not afford the luxury of instability," said Luis Guillermo Solis, a political scientist and former president of Costa Rica. Carter called the decision, which was wildly unpopular back home, "the most difficult political challenge I ever had," as he accepted Panama's highest honor in 2016. He also hailed the move as "a notable achievement of moving toward democracy and freedom." During his term, Carter opted not to support Nicaraguan strongman Anastasio Somoza, who was subsequently overthrown by the leftist Sandinista Front in 1979. But in El Salvador, the American president had to "make a very uncomfortable pact with the government," said Shifter. To prevent communists from taking power, Carter resumed US military assistance for a junta which then became more radical, engaging in civilian massacres and plunging El Salvador into a long civil war. Carter took a critical approach to South American dictatorships in Argentina, Chile, Uruguay and Paraguay, suspending arms deliveries and imposing sanctions in some cases. But his efforts "did not achieve any progress in terms of democratization," said Argentine political scientist Rosendo Fraga. The American president also tried to normalize relations with Cuba 15 years after the missile crisis. He relaxed sanctions that had been in force since 1962, supported secret talks and enabled limited diplomatic representation in both countries. "With him, for the first time, the possibility of dialogue rather than confrontation as a framework for political relations opened up," Jesus Arboleya, a former Cuban diplomat, told AFP. But in 1980, a mass exodus of 125,000 Cubans to the United States, with Fidel Castro's blessing, created an unexpected crisis. It "hurt Carter politically with the swarm of unexpected immigrants," said Jennifer McCoy, a professor of political science at Georgia State University. Castro continued to support Soviet-backed African governments and even deployed troops against Washington's wishes, finally putting an end to the normalization process. However, more than 20 years later, Carter made a historic visit to Havana as ex-president, at the time becoming the highest-profile American politician to set foot on Cuban soil since 1959. During the 2002 visit, "he made a bold call for the US to lift its embargo, but he also called on Castro to embrace democratic opening," said McCoy, who was part of the US delegation for the trip, during which Castro encouraged Carter to throw out the ceremonial first pitch at a Cuban All-Star baseball game. "Castro was sitting in the front row and we were afraid he would rise to give a long rebuttal to Carter's speech. But he didn't. He just said, 'Let's go to the ball game.'" In the years following Carter's presidency, Ronald Reagan (1981-1989) would go on to resume a full-frontal confrontation with Cuba. Decades later, Barack Obama (2009-2017) opened a new phase of measured normalization, which Donald Trump (2017-2021) brought to an end. US President Joe Biden promised to review US policy toward Cuba, but hardened his stance after Havana cracked down on anti-government protests in 2021. "Carter showed that engagement and diplomacy are more fruitful than isolation," McCoy said. bur-lp-rd-jb/lbc/mlr/bfm/sst/bbk
Ranked teams are on the Wednesday college basketball schedule in six games, including the Ole Miss Rebels taking on the UConn Huskies. Watch women’s college basketball, other live sports and more on Fubo. What is Fubo? Fubo is a streaming service that gives you access to your favorite live sports and shows on demand. Use our link to sign up for a free trial. Catch tons of live women’s college basketball , plus original programming, with ESPN+ or the Disney Bundle.Hetian Power Supply Company of State Grid Xinjiang Electric Power Co., Ltd. improves the intelligence level of the power grid to ensure the safety of users' electricity consumption