"Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum." Section 1.10.32 of "de Finibus Bonorum et Malorum", written by Cicero in 45 BC "Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt ut labore et dolore magnam aliquam quaerat voluptatem. Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam, nisi ut aliquid ex ea commodi consequatur? Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum fugiat quo voluptas nulla pariatur?" 1914 translation by H. Rackham "But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful. Nor again is there anyone who loves or pursues or desires to obtain pain of itself, because it is pain, but because occasionally circumstances occur in which toil and pain can procure him some great pleasure. To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage from it? But who has any right to find fault with a man who chooses to enjoy a pleasure that has no annoying consequences, or one who avoids a pain that produces no resultant pleasure?" 1914 translation by H. Rackham "But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful. Nor again is there anyone who loves or pursues or desires to obtain pain of itself, because it is pain, but because occasionally circumstances occur in which toil and pain can procure him some great pleasure. To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage from it? But who has any right to find fault with a man who chooses to enjoy a pleasure that has no annoying consequences, or one who avoids a pain that produces no resultant pleasure?" To keep reading, please log in to your account, create a free account, or simply fill out the form below.
WASHINGTON ― First came this month of his son, Hunter Biden. It was followed Thursday by the largest single-day act of clemency in modern history: commuting the sentences of nearly during the COVID pandemic and pardoning 39 others convicted of nonviolent crimes. The lame-duck, 82-year-old Democrat isn't done yet. Biden promised to take "more steps in the weeks ahead" as he announced the he said have successfully reintegrated into their communities and deserved a "second chance." Less than six weeks before he leaves the White House, Biden faces a host of political and legal considerations as he decides how he will use his presidential clemency power next. Biden and his senior aides are for individuals they fear President-elect Donald Trump might target for criminal investigations. Rep. James Clyburn, D-S.C., a close Biden ally, of his federal charges to "clean the slate." Meanwhile, criminal justice advocates, although pleased by Biden's moves Thursday, want him to sign off on all 10,000 pending clemency petitions. Other activists and progressive Democrats are urging Biden to , fearing the return of Trump will restart federal executions, which had been paused under the Biden administration. "With 39 days remaining in his presidency, President Biden has the power to continue to use his clemency authority to change and save the lives of many, many other Americans behind the wall," said Rep. Ayanna Pressley, D-Mass. "It is the right thing to do, it is the moral thing to do, and it is a matter of legacy.” With the latest clemency moves, the White House said Biden has now issued more sentence commutations than any of his predecessors at the same point in their terms. That's in addition to pardons targeting categories of offenses, including pardons for simple marijuana possession in 2022, pardoning veterans previously convicted . Yet ‒ which absolves an individual of a criminal offense entirely ‒ has been the slowest since at least President William McKinley in 1900, according to Justice Department records. Biden has pardoned 65 people so far, leaving him behind another one-term president, George H. W. Bush, who pardoned 74 people. But pardons sometimes happen at the end of an administration because they can be controversial, and Biden has until Jan. 20 to make his decisions. Jimmy Carter, another one-term president, had the most in the last 50 years, with 534 pardons – before counting the open-ended pardon he provided people who dodged the Vietnam War draft from 1964 to 1973. Franklin Roosevelt pardoned the most since 1900 with 2,819 during his four terms. The 1,499 individuals whose sentences Biden commuted involve people in home confinement through the 2020 CARES Act, which authorized the federal Bureau of Prisons to move medically vulnerable inmates incarcerated for nonviolent offenses from prisons to house arrest. Biden said many of recipients receiving commuted sentences "would receive lower sentences if charged under today's laws, policies and practices" and that they have "successfully reintegrated into their families and communities and have shown that they deserve a second chance." He said the 39 people he is pardoning have shown "commitment to making their communities stronger and safer." None are household names, and most were convicted of nonviolent drug-related offenses. Clyburn, who had previously commended Biden for pardoning 11 people convicted of simple marijuana possession, said his action tackled injustice. “Many people of color and moderate means have been disproportionately burdened by systemic injustices and clemency is a potent tool in the President’s toolbox to remedy some faults in our legal system,” Clyburn said in a statement. Margaret Huang, president of the Southern Poverty Law Center, said Biden’s action provided justice for people in southern states who are disproportionately and harshly punished due to discriminatory law enforcement. “The failings of the criminal legal system have resulted in the mass incarceration of people of color throughout the South, justified by fabricated narratives about the benefits of institutionalization to public safety,” Huang said. Some Republicans had to return people in home confinement during the pandemic back to prison. But GOP criticism from Biden's actions Thursday didn't appear widespread. "I’m not surprised at this point anymore," Rep. Anna Paulina Luna, R-Fla., . "I think I’m still trying to get over the after he promised America he wouldn’t do it." In the weeks since Trump's election victory last month, criminal justice activists have ramped up pressure on Biden to commute sentences of federal inmates on death row ‒ and follow through on a Biden 2020 campaign promise to end the federal death penalty. They renewed their calls after Thursday's announcement. During Trump's first term, his administration oversaw 13 executions in its final six months, becoming the first presidential administration to . Trump has vowed to resume federal executions and . A collection of 134 groups advocating for civil liberties, human rights and social justice urged Biden on Monday to commute the sentences of all prisoners on death row. Pressley and other House Democrats calling for the same Wednesday. “While today’s announcement is wonderful, there is more to do in the final weeks before President Biden leaves office,” said Cynthia Roseberry, director of policy and government affairs at the American Civil Liberties Union’s justice division. “We strongly urge President Biden to use his power to address this country's failed death penalty by commuting death row sentences.” Democrats in the Black Congressional Caucus and civil rights leaders have also pushed Biden to pardon , who was convicted earlier this year on perjury and mortgage fraud charges related to a home loan application. Her advocates say Mosby, who maintains her innocence, was a political target of the Trump administration. White House press secretary Karine Jean-Pierre was noncommittal when asked Thursday whether Biden will commute sentences for individuals on federal death row. She said Biden and his team will continue to review clemency petitions "in normal course." She added that Biden wants to "further the criminal justice reforms in a manner that advances equity and justice, promotes public safety, supports rehab and re-entry, and provides meaningful second chances." Pressed about the thousands of others seeking clemency, Jean-Pierre said Biden has taken "many actions" in addition to the latest clemency announcements. A far more delicate political calculation for Biden will be whether to offer blanket pardons to shield individuals who Trump has threatened. It would likely invite an instant backlash, particularly from Republicans, while Biden also faces criticism for his broadly-worded pardon for Hunter Biden, which was made not only to reprieve his son from existing gun and tax felonies but to shield him from potential future charges by Trump's Justice Department. Some Democratic lawmakers, led by U.S. Sen. Ed Markey of Massachusetts, are publicly advocating for the pre-pardons ‒ alarmed by Trump's repeated past threats to and his recent pick of longtime ally as director of the Federal Bureau of Investigation to replace Christopher Wray, who resigned Wednesday. Those who could be on a pre-pardon list include retired Gen. Mark Milley, who Trump ; former Republican Rep. Liz Cheney, who Trump has said should "go to jail" for her role on the House committee that investigated the Jan. 6, 2021 attack on the Capitol; Dr. Anthony Fauci, a frequent target of Republican lawmakers over his work during the U.S. response to the COVID-19 pandemic; and Sen. of California, who Trump has referred to as "the enemy within" for his leading role while serving in the House of Representatives during Trump's first impeachment. In an interview over the weekend on NBC's Meet the Press, Trump said some members of the House committee that investigated Trump's actions on Jan. 6, 2021 should “go to jail.” , former chair of the committee, accept a pre-emptive pardon from Biden out of fear that might target him with a criminal investigation. Yet the possibility of pre-pardoning people who have not been charged of any crimes raises several legal concerns that could ultimately sway Biden not to take action, according to legal experts. Accepting a pardon carries with it the suggestion of accepting guilt. And some Democrats worry Biden would set a new precedent for pardons, opening the door for Trump to take similar actions. Jean-Pierre wouldn't rule out blanket pardons when asked whether it's a possibility. "He's going to have conversations with his team's going to review clemency petitions," she told reporters on Thursday. "He's going to review options on the table. And so that's where I'm going to leave it."
The People’s National Movement (PNM), a cornerstone of Trinidad and Tobago’s political fabric, faces a defining moment as the country approaches the 2025 general election. With a legacy spanning decades, the party has demonstrated resilience in overcoming challenges. However, as the electorate becomes more discerning and diverse, the PNM must address a new reality: the growing influence of the youth vote. To succeed, the party must reaffirm its core values while reimagining its strategies to connect with younger generations. Trinidad and Tobago’s youth represent a powerful electoral force, defined by digital fluency, awareness of global and local issues, and impatience with traditional political norms. They seek leaders and policies that reflect their aspirations and the complexities of the modern world. For the PNM, this presents both a challenge and an opportunity. To remain competitive, the party must engage this demographic authentically, innovatively and inclusively. Historically, the PNM has relied on its achievements and strongholds to secure victories. While these remain important, they no longer suffice. Young voters prioritise immediate, tangible results over historical narratives. They demand leaders who not only promise change but demonstrate the ability to deliver it. The PNM must shift its messaging to focus on its vision for the future rather than its storied past. Addressing youth concerns is critical to this transformation. High unemployment, limited access to education, mental health challenges, and climate change are just a few pressing issues. Young people want comprehensive policies backed by actionable plans. The PNM must articulate a clear agenda to tackle these challenges and actively involve youth in policy-making. Initiatives such as town halls, digital consultations and youth advisory boards can foster collaboration and a sense of ownership. Digital engagement will also play a pivotal role in the 2025 election. Youth increasingly turn to social media for information, discussion and mobilisation. The PNM must enhance its digital strategy by creating engaging, informative and interactive content on platforms like Instagram, X and TikTok. Effective use of these tools will help the party connect with young voters and present itself as a forward-thinking organisation. The PNM must also embrace the symbolic power of representation. Young voters want to see themselves reflected in the country’s leadership. Elevating dynamic, younger candidates signals a commitment to generational renewal. This approach does not require sidelining experienced leaders but balancing continuity with progress. A leadership team that reflects diversity and innovation will show that the PNM values the contributions of all age groups. Engaging youth is about more than securing votes; it is about shaping a sustainable political future. The PNM should invest in long-term initiatives that empower young people beyond the election cycle. Programmes supporting entrepreneurship, skills training, and meaningful employment will resonate deeply. Reforms in education and digital infrastructure can also solidify the party’s image as a progressive force. While the youth vote is crucial, the PNM cannot alienate its traditional base. Bridging generational divides requires crafting a platform that meets the needs of all citizens while emphasising interconnections between age groups. Policies improving education and employment for youth, for example, benefit entire communities. Framing its agenda holistically will help the PNM foster unity across a diverse electorate. The 2025 election is not just a test of the PNM’s ability to win; it is a test of its capacity to adapt. The political landscape is evolving, and the party must evolve with it. This involves embracing new ideas, engaging in difficult conversations, and demonstrating the courage to innovate. The electorate, especially the youth, is watching closely. They want a party that hears their voices and values their contributions. For the PNM, this is a moment to lead by example and prove it is a party of both the present and the future. As the campaign intensifies, the PNM’s actions must speak louder than its words. It must show a genuine commitment to inclusivity, transparency and progress. Doing so will inspire confidence among young voters while reaffirming its relevance to older generations. Paul Sarran political science student, The UWI
Data from the ongoing Phase 1/2 ATALANTA-1 study in a heavily pretreated R/R NHL patient population demonstrate high antitumor activity and an encouraging safety profile in all NHL subtypes studied. 96% of patients received an infusion of fresh, fit, stem-like, early memory CD19 CAR T-cell therapy with a median vein-to-vein time of seven days, avoiding the need for cryopreservation and bridging therapy. These data reinforce the potential of Galapagos' decentralized cell therapy manufacturing platform to deliver fresh, fit cells, fast, driving positive patient outcomes. Mechelen, Belgium; December 7, 2024, 18:30 CET; Galapagos NV ((Euronext &, NASDAQ: GLPG ) today announced additional data from the ongoing Phase 1/2 ATALANTA-1 study of its CD19 CAR T-cell therapy, GLPG5101. The results, featured in an oral presentation at the 66 th American Society of Hematology (ASH) Annual Meeting and Exposition, demonstrate an encouraging efficacy and safety profile in patients with relapsed/refractory non-Hodgkin lymphoma (R/R NHL). Most patients in the study received GLPG5101 as a fresh, fit, stem-like, early memory CD19 CAR T-cell therapy, with a median vein-to-vein time of seven days. "Shorter vein-to-vein time can lead to improved patient outcomes and remains an important unmet need in CAR-T therapy," said Marie José Kersten, MD, ATALANTA-1 Principal Investigator and Professor of Hematology at the Department of Hematology at Amsterdam University Medical Center. "I am impressed by the latest data on GLPG5101, which demonstrate a promising efficacy and safety profile. With a median vein-to-vein time of just seven days, GLPG5101 has the potential to offer speed and scheduling flexibility, comparable to off-the-shelf therapies." "CAR-T therapies are highly personalized treatments that currently undergo a time-intensive manufacturing process taking multiple weeks to months. For many patients with rapidly progressing cancers, every day counts, and treatment delays can be detrimental," said Jeevan Shetty, MD, Head of Clinical Development Oncology at Galapagos. "We are steadfast in our commitment to bring innovation to cell therapies to address the most significant medical challenges. Our latest data at ASH strongly support the feasibility of our innovative decentralized cell therapy manufacturing platform in delivering fresh, fit cells with a median vein-to-vein time of just seven days, driving positive patient outcomes." The new ATALANTA-1 data are summarized below: The ongoing ATALANTA-1 study included updated data on patients with mantle cell lymphoma (MCL), marginal zone lymphoma (MZL), follicular lymphoma (FL), and diffuse large B-cell lymphoma (DLBCL). As of the April 25, 2024, data cut-off, 49 patients received CD19 CAR T-cell therapy infusion, and safety and efficacy results were available for 45 patients and 42 patients, respectively. High objective response rates (ORR) and complete response rates (CRR) were observed in the pooled Phase 1 and Phase 2 efficacy analysis set, split by indication: In patients with MCL, all 8 of 8 efficacy-evaluable patients responded to treatment (ORR and CRR 100%). In patients with MZL, FL, objective and complete responses were observed in 20 of 21 efficacy-evaluable patients (ORR and CRR 95%). In patients with DLBCL, 9 of 13 efficacy-evaluable patients responded to treatment (ORR 69%), with 7 patients achieving a complete response (CRR 54%). Of the 7 patients with DLBCL who received the higher dose, 6 responded to treatment (ORR 86%) with 5 achieving a complete response (CRR 71%). Of the 15 minimal residual disease (MRD)-evaluable patients with a complete response, 12 patients (80%) achieved MRD negativity and remained in complete response at data cut-off. The median study follow-up was 3.3 months for FL and DLBCL with a range of 0.9-21.2 months, and 4.4 months for MCL with a range of 1-24.4 months. GLPG5101 showed an encouraging safety profile, with the majority of Grade ≥ 3 treatment emergent adverse events being hematological. One case of CRS Grade 3 was observed in Phase 1 and one case of ICANS Grade 3 was observed in Phase 2. 96% of patients (47 of 49) received an infusion with fresh, fit, stem-like early memory CD19 CAR T-cell therapy, with 91.5% (43 of 47) achieving a vein-to-vein time of seven days, thereby avoiding cryopreservation, and eliminating the need for bridging therapy. Strong and consistent in vivo CAR-T expansion levels and products consisting of stem-like, early memory phenotype T cells were observed in all doses tested. About the ATALANTA-1 study (EudraCT 2021-003272-13) ATALANTA-1 is an ongoing Phase 1/2, open-label, multicenter study to evaluate the safety, efficacy and feasibility of decentralized manufactured GLPG5101, a CD19 CAR-T product candidate, in patients with relapsed/refractory non-Hodgkin lymphoma (R/R NHL). GLPG5101 is a second generation anti-CD19/4-1BB CAR-T product candidate, administered as a single fixed intravenous dose. The primary objective of the Phase 1 part of the study is to evaluate the safety and preliminary efficacy to determine the recommended dose for the Phase 2 part of the study. Secondary objectives include assessment of efficacy and feasibility of decentralized manufacturing of GLPG5101. The dose levels that were evaluated in Phase 1 are 50×10 6 (DL1), 110×10 6 (DL2) and 250×10 6 (DL3) CAR+ viable T cells. The primary objective of the Phase 2 part of the study is to evaluate the objective response rate (ORR), while the secondary objectives include complete response rate (CRR), duration of response, progression free survival, overall survival, safety, pharmacokinetic profile, and the feasibility of decentralized manufacturing. Each enrolled patient will be followed for 24 months. About Galapagos' cell therapy manufacturing platform Galapagos' innovative decentralized cell therapy manufacturing platform has the potential for the administration of fresh, fit, stem-like, early memory T-cells within a median vein-to-vein time of seven days, greater physician visibility, and improved patient experience. The platform consists of an end-to-end xCellit® workflow management and monitoring software system, a decentralized, functionally closed, automated manufacturing platform for cell therapies (using Lonza's Cocoon®) and a proprietary quality control testing and release strategy. About Galapagos We are a biotechnology company with operations in Europe and the U.S. dedicated to transforming patient outcomes through life-changing science and innovation for more years of life and quality of life. Focusing on high unmet medical needs, we synergize compelling science, technology, and collaborative approaches to create a deep pipeline of best-in-class small molecules and cell therapies in oncology and immunology. With capabilities from lab to patient, including a decentralized cell therapy manufacturing platform, and the financial strength to invest strategically for the near- and long-term, we are committed to challenging the status quo and delivering results for our patients, employees, and shareholders. Our goal is not just to meet current medical needs but to anticipate and shape the future of healthcare, ensuring that our innovations reach those who need them most. For additional information, please visit www.glpg.com or follow us on LinkedIn or X . For further information, please contact: Media inquiries: Marieke Vermeersch +32 479 490 603 Jennifer Wilson + 44 7539 359 676 media@glpg.com Investor inquiries: Srikant Ramaswami +1 412 699 0359 Sandra Cauwenberghs +32 495 58 46 63 ir@glpg.com Forward-looking statements This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements are often, but are not always, made through the use of words or phrases such as "anticipate," "expect," "plan," "estimate," "will," "continue," "aim," "intend," "future," "potential," "could," "indicate," "forward," "may," as well as similar expressions. Forward-looking statements contained in this press release include, but are not limited to, statements regarding preliminary, interim and topline data from the ATALANTA-1 study and other analyses related to Galapagos' CD19 CAR-T programs, statements related to Galapagos' plans, expectations and strategy with respect to the ATALANTA-1 study, and statements regarding the expected timing, design and readouts of the ATALANTA-1 study, including the expected recruitment for such studies, and the potential benefits of Galapagos' product candidates, including GLPG5101, and partnered programs, including uza-cel. Forward-looking statements involve known and unknown risks, uncertainties and other factors which might cause Galapagos' actual results to be materially different from those expressed or implied by such forward-looking statements. These risks, uncertainties and other factors include, without limitation, the risk that preliminary or interim clinical results may not be replicated in ongoing or subsequent clinical studies, the risk that ongoing and future clinical studies with Galapagos' product candidates, including GLPG5101, may not be completed in the currently envisaged timelines or at all, the inherent uncertainties associated with competitive developments, clinical study and product development activities and regulatory approval requirements (including that data from the ongoing and planned clinical research programs may not support registration or further development of GLPG5101 due to safety, efficacy or other reasons), Galapagos' reliance on collaborations with third parties (including its collaboration partners Lonza and Adaptimmune), and that Galapagos' estimations regarding its GLPG5101 development programs and regarding the commercial potential of GLPG5101 may be incorrect, as well as those risks and uncertainties identified in Galapagos' Annual Report on Form 20-F for the year ended December 31, 2023 filed with the U.S. Securities and Exchange Commission (SEC) and its subsequent filings with the SEC. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. The forward-looking statements contained herein are based on management's current expectations and beliefs and speak only as of the date hereof, and Galapagos makes no commitment to update or publicly release any revisions to forward-looking statements in order to reflect new information or subsequent events, circumstances or changes in expectations. Attachment Galapagos Press Release_ASH ATALANTA-1_ENG_Final © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.NEW YORK , Dec. 12, 2024 /PRNewswire/ -- Lument Finance Trust, Inc. (NYSE: LFT ) ("LFT" or the "Company") announced the declaration of a cash dividend of $0.08 per share of common stock with respect to the fourth quarter of 2024. The Company also announced the declaration of a one-time special cash dividend of $0.09 per share of common stock due to real estate investment trust tax considerations. These dividends are payable on January 15, 2025 , to common stockholders of record as of the close of business on December 31, 2024 . The Company also announced the declaration of a cash dividend of $0.4921875 per share of 7.875% Cumulative Redeemable Series A Preferred Stock. The dividend is payable on January 15, 2025 to preferred stockholders of record as of the close of business January 2, 2025 . About LFT LFT is a Maryland corporation focused on investing in, financing and managing a portfolio of commercial real estate debt investments. The Company primarily invests in transitional floating rate commercial mortgage loans with an emphasis on middle-market multi-family assets. LFT is externally managed and advised by Lument Investment Management, LLC, a Delaware limited liability company. Additional Information and Where to Find It Investors, security holders and other interested persons may find additional information regarding the Company at the SEC's Internet site at http://www.sec.gov/ or the Company website www.lumentfinancetrust.com or by directing requests to: Lument Finance Trust, 230 Park Avenue, 20th Floor, New York, NY 10169, Attention: Investor Relations. Forward Looking Statements Certain statements included in this press release constitute forward-looking statements intended to qualify for the safe harbor contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act, as amended. Forward-looking statements are subject to risks and uncertainties. You can identify forward-looking statements by use of words such as "believe," "expect," "anticipate," "project," "estimate," "plan," "continue," "intend," "should," "may," "will," "seek," "would," "could," or similar expressions or other comparable terms, or by discussions of strategy, plans or intentions. Forward-looking statements are based on the Company's beliefs, assumptions and expectations of its future performance, taking into account all information currently available to the Company on the date of this press release or the date on which such statements are first made. Actual results may differ from expectations, estimates and projections. You are cautioned not to place undue reliance on forward-looking statements in this press release and should consider carefully the factors described in Part I, Item IA "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2023 , which is available on the SEC's website at www.sec.gov , and in other current or periodic filings with the SEC, when evaluating these forward-looking statements. Forward-looking statements are subject to substantial risks and uncertainties, many of which are difficult to predict and are generally beyond the Company's control. Except as required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. View original content to download multimedia: https://www.prnewswire.com/news-releases/lument-finance-trust-inc-declares-quarterly-cash-dividends-for-its-common-and-preferred-stock-and-announces-special-cash-dividend-distribution-302330846.html SOURCE Lument Finance TrustNone
Laura Benanti eviscerates Zachary Levi for suggesting vaccines may have killed their Broadway co-starNone
KINGSPORT— It has been five years since the Lee Apartments, a 128-unit housing development built in 1941, were demolished due to deteriorating conditions. Yet, despite ongoing efforts, the Kingsport Housing and Redevelopment Authority has been unable to secure funding to replace the units. “We're actively trying to find a developer to help us secure tax credits through the Tennessee Housing Development Agency,” said KHRA Executive Director Terry Cunningham. “These tax credits are essential for making the project financially feasible and ensuring the housing remains affordable for low-income residents.” The agency has applied for tax credits several times but has “not scored high enough to be able to get a 9% tax credit," Cunningham said. Tax credits and restrictions Cunningham described the role of tax credits as a "dollar-for-dollar reduction" in an investor’s tax liability, spread over several years. These are financial benefits to investors and they allow KHRA to offer affordable rents without taking on significant debt. “The rent structure for affordable housing doesn’t allow you to carry much, if any, debt. Without these subsidies, the cost of development would make the units unaffordable,” Cunningham said. He said applications for tax credits are sent to the Tennessee Housing Development Agency who then scores the applications. In recent ones, Cunningham said Kingsport and Sullivan County have consistently ranked lower than surrounding counties. "On our most recent application, we were six points behind on the need factor compared to cities like Knoxville, Nashville and Chattanooga,” he said. “We’re competing not just with other housing authorities but also with private developers for the same pool of tax credits,” Cunningham added. Recent adjustments to THDA's qualified application plan may improve Kingsport’s scoring prospects, but the agency continues to face other hurdles. Another challenge comes from HUD owning a Declaration of Trust on the Lee property, dating back to 1941 when the apartments were built. The declaration places restrictions on the site, mandating that any redevelopment must replace all 128 units with the same bedroom count and remain affordable housing. “But you see, the initial 128 units that Lee had were just too tight for people,” he said. “That's a lot of people in one area, that’s about 44 people per acre and it’s less than a seven-acre site.” One of the agency’s goals is the deconcentration of poverty which can partly be achieved by limiting the number of people in a space. Cunningham said having highly populated areas in small spaces can lead to "more crimes, drug and social problems.” To meet the requirement to replace all 128 units, KHRA has acquired nearby properties to develop smaller sites and remodel existing homes. “KHRA and the city are working on a comprehensive redevelopment plan that includes Boone Street, Tennessee Street, Rotary Park and surrounding properties we own,” Cunningham said. “We’re working on pulling that together.” Other options While KHRA operates independently, Kingsport city staff have been working closely with the agency to find out if there any other options for redevelopment aside from tax credits. “If we can’t make the tax credit options work, then we need to find other options,” said Kingsport Mayor Paul Montgomery. Alderman James Phillips called the delay a “stalemate.” “The city has offered to fund consultations with redevelopment experts,” Phillips said. “We’ll do anything we can to assist—whether it’s setting up meetings with consultants or exploring public-private partnerships—but we have yet to be asked for help.” Phillips also believes there are other alternatives that exist. “We’ve been told there are no other options besides the tax credits, but we feel very strongly that there are other options and there can be other options,” he added. Montgomery said the BMA appoints members to the KHRA board of directors. However, there are no current BMA officials on the board. Phillips said one struggle of not having current BMA representation on the board is how complex it is to understand the inner workings of KHRA and how the agency operates. "The number one thing I want to accomplish right now on my list with KHRA is having BMA representation on their board so that we can fully understand the decisions that are being made," Phillips said. Stay Informed: Subscribe to Our Newsletter TodayNoneDisagreement between the U.S. and China is increasing across trade and global influence issues. Reports from the recent Asian economic summit show a bitterness in it. Established economies like the U.S. and Australia want to develop a naval base in Papua New Guinea to contain China. The U.S. is cautioning poorer countries from borrowing money from China. Excerpts below from a BBC report show the deep levels of enmity. Apec summit ends without statement over US-China division - BBC News An Asian economic summit has ended without a formal leaders' statement for the first time because of US-China divisions over trade. The US and China revealed competing visions for the region at the summit. The two countries have been engaged in a tit-for-tat trade war this year. During the summit, the US said it would join Australia in developing a naval base in Papua New Guinea, in an apparent move to curb China's growing influence. Mr Pence later said he was prepared to "more than double" the tariffs imposed on Chinese goods. He also criticised China's massive Belt-and-Road infrastructure programme, warning smaller countries that "opaque" Chinese development loans led to "staggering debt". He urged countries to work with the US instead, saying the US did not "coerce, corrupt or compromise your independence". Old economies are never pleased to see emerging economies that are more flexible, energetic, and pro-active in creating new trade models. The Belt and Road Initiative is a development strategy adopted by the Chinese government involving infrastructure development and investments in Silk Road countries in Europe, Asia, and Africa on both overland and sea routes. Building infrastructure in these countries is a much sounder economic model than locating mobile multi-national enterprises or military bases or occupation. The downside is that it can involve incurring substantial debt which eventually requires getting a countrys finances into better shape to afford repayments in order to own the assets. Beijings multi-billions dollar Belt and Road Initiative (BRI) has been called a Chinese Marshall Plan, a state-backed campaign for global dominance, a stimulus package for a slowing economy, and a massive marketing campaign for something that was already happening Chinese investment around the world. Between 2014 and 2016, China's total trade volume in the countries along the Belt and Road exceeded $3 trillion, created $1.1 billion revenues, and 180,000 jobs for the countries involved. Is the U.S. losing ground to China? Should countries refrain from borrowing from China? What are the implications for Europe of a prosperous Silk Road economy? The Silk Road really is an attempt to extend Chinese soft power utilising exactly the same free market principles much espoused by the west for much of the last two centuries. Building a base in Papua New Guinea, which I believe is somewhat North of Australia, seems to be out of the strategic plan of drawing new lines further and further back and issuing dire warnings if China dare cross that new line. It was hugely funny watching the Americans in particular warning of China's attempted influence in the South China Sea. The irony was magnificent. It was the equivalent of the Chinese or Russians warning of increased American naval activity off Hawaii. To answer the question- the new Silk Road plans are a solid indicator that Beijing understands exactly what Washington was preaching through World Trade Organisation talks for many decades middleground said: Disagreement between the U.S. and China is increasing across trade and global influence issues. Reports from the recent Asian economic summit show a bitterness in it. Established economies like the U.S. and Australia want to develop a naval base in Papua New Guinea to contain China. The U.S. is cautioning poorer countries from borrowing money from China. Excerpts below from a BBC report show the deep levels of enmity. Apec summit ends without statement over US-China division - BBC News An Asian economic summit has ended without a formal leaders' statement for the first time because of US-China divisions over trade. The US and China revealed competing visions for the region at the summit. The two countries have been engaged in a tit-for-tat trade war this year. During the summit, the US said it would join Australia in developing a naval base in Papua New Guinea, in an apparent move to curb China's growing influence. Mr Pence later said he was prepared to "more than double" the tariffs imposed on Chinese goods. He also criticised China's massive Belt-and-Road infrastructure programme, warning smaller countries that "opaque" Chinese development loans led to "staggering debt". He urged countries to work with the US instead, saying the US did not "coerce, corrupt or compromise your independence". Old economies are never pleased to see emerging economies that are more flexible, energetic, and pro-active in creating new trade models. The Belt and Road Initiative is a development strategy adopted by the Chinese government involving infrastructure development and investments in Silk Road countries in Europe, Asia, and Africa on both overland and sea routes. Building infrastructure in these countries is a much sounder economic model than locating mobile multi-national enterprises or military bases or occupation. The downside is that it can involve incurring substantial debt which eventually requires getting a country’s finances into better shape to afford repayments in order to own the assets. Beijing’s multi-billions dollar Belt and Road Initiative (BRI) has been called a Chinese Marshall Plan, a state-backed campaign for global dominance, a stimulus package for a slowing economy, and a massive marketing campaign for something that was already happening – Chinese investment around the world. Between 2014 and 2016, China's total trade volume in the countries along the Belt and Road exceeded $3 trillion, created $1.1 billion revenues, and 180,000 jobs for the countries involved. Is the U.S. losing ground to China? Should countries refrain from borrowing from China? What are the implications for Europe of a prosperous Silk Road economy? Click to expand... There are two types of people those who have money and those who don't. Guess who always comes out on top. Lumpy Talbot said: To answer the question- the new Silk Road plans are a solid indicator that Beijing understands exactly what Washington was preaching through World Trade Organisation talks for many decades Click to expand... Agree China has learned well and are developing quickly and quietly. There should be export opportunities for many European countries if their enterprises are willing to do the work required to develop new markets. A strong Asian-European gateway would be welcome. Is there any region that the US hasn't insulted or attacked recently (apart from Saudi Arabia)? Thinking further on the dynamics of the new Silk Road policy it certainly makes sense from the Chinese point of view. The outlay and scope of the project matches a series of Trade Agreements, with such huge amounts of Chinese infrastructure investment they get to influence the voting patterns at the UN with many countries along the route while simultaneously the US is retracting its spend outside the US and becoming more internally focused (the Chinese have the money to spend, the US doesn't). It is clever in that it is a mix of Monopoly and Risk at exactly the right time. If you think back to Reagan's supercharging the US economy in the 80s which effectively drove the Soviet Union into financial collapse the Americans are in no position to get into an economic pissing match with Beijing so it is the right thing for Beijing to do in filling the international vacuum. They have such huge reserves of foreign currency and the Yuan about to emerge as an exchange currency, along with the ability to directly intervene in domestic economics way beyond any level that could be contemplated in the west, that they really are the bankers in the Monopoly game now. And the Silk Road project gives them a strategic spending target allied to both economic and political gains. As for the winners and losers, the countries along the route closest to Chinese interests probably won't feel any different. It gets interesting as you get to Pakistan and India, where India is fuming about the Chinese infrastructure spend in Pakistan and refusing to have anything to do with the Silk Road project accordingly, which doesn't bother China or Pakistan all that much. The western European plans will be interesting- I believe significant infrastructure projects and new links are planned right through to Rotterdam. Might give some European countries a bit more hesitation in following the US line on voting at the UN ultimately. Heh- just remembered that the High Speed Rail Line between London and the Channel Tunnel is already owned by a subsidiary company owned ultimately by Li Ka-Shing, the multibillionaire who is a senior economic advisor to the politburo in Beijing. Socratus O' Pericles said: There are two types of people those who have money and those who don't. Guess who always comes out on top. Click to expand... Those who print it! Socratus O' Pericles said: There are two types of people those who have money and those who don't. Guess who always comes out on top. Click to expand... Yes two types of persons but three types of empire: past, present, and future. It will be future empires that will have the money! Around 90 countries in the Belt Road Initiative (BRI) so it is much different than more recent bilateral engagements by the U.S. Infrastructural projects deliver employment at local level even if it is only housing and feeding the workers. The Belt and Road Initiative: Country Profiles | HKTDC The future will be a bullet train across Europe and Asia. middleground said: Yes two types of persons but three types of empire: past, present, and future. It will be future empires that will have the money! Around 90 countries in the Belt Road Initiative (BRI) so it is much different than more recent bilateral engagements by the U.S. Infrastructural projects deliver employment at local level even if it is only housing and feeding the workers. The Belt and Road Initiative: Country Profiles | HKTDC Click to expand... I agree. The Chinese have money and lots of it and are posseors of a model that will make many trillions more. Exaggeration of THEIR debt problem is nonsense: Most people think of China's growth coming from its burgeoning export sector. But it has a very strong domestic economy and a large public spending program – its called ‘nation building’. ... [T]here is no discussion [in China] about the country drowning in debt and all of that nonsense. [The Chinese] know full well that they are sovereign in their own currency and can deficit spend to further their sense of public purpose." : From "The government really is instrumental in creating growth" by Bill Mitchell, 20 January 2016 Click to expand... Here is the start of the EU strategic response to the Belt Road Initiative: Europes Belt and Road | The Diplomat Reminds me of a man at the post-Christmas sales rush, quietly queueing while all the goods are being snatched up by experienced shoppers Not everyone happy about the possible economic changes that the One Belt Initiative may bring to traditional communities according to a BBC website report: Gunmen have killed at least four people in an attack on the Chinese consulate in the Pakistani port city of Karachi. Gunshots were heard at about 09:30 local time (04:30 GMT) outside the consulate in the upmarket Clifton area. Police shot dead three attackers. Separatist militants who oppose Chinese investment projects in western Pakistan say they carried out the attack. China's ambition widens to include Greenland in the One Belt initiative: How Greenland could become China's Arctic base - BBC News middleground said: Yes two types of persons but three types of empire: past, present, and future. It will be future empires that will have the money! Around 90 countries in the Belt Road Initiative (BRI) so it is much different than more recent bilateral engagements by the U.S. Infrastructural projects deliver employment at local level even if it is only housing and feeding the workers. The Belt and Road Initiative: Country Profiles | HKTDC The future will be a bullet train across Europe and Asia. Click to expand... Except China is a nasty totalitarian dictatorship that eats people up and spits them out. Any comparison between it and western democracies are fraudulent. middleground said: Not everyone happy about the possible economic changes that the One Belt Initiative may bring to traditional communities according to a BBC website report: Gunmen have killed at least four people in an attack on the Chinese consulate in the Pakistani port city of Karachi. Gunshots were heard at about 09:30 local time (04:30 GMT) outside the consulate in the upmarket Clifton area. Police shot dead three attackers. Separatist militants who oppose Chinese investment projects in western Pakistan say they carried out the attack. Click to expand... We have a tale of two ports, 100km apart: Chabahar in Iran, developed with Indian support, and China’s Gwadar port in Pakistan. There are teething troubles with both: https://www.newdelhitimes.com/suicide-bomber-attack-irans-chabahar-port/ Karachi attack: A gunfight in Karachi shakes up Pakistan and China's all-weather alliance - The Economic Times China’s relationship with Pakistan involves a lot more money but also far more resentment. The Pakistanis are well aware of Chinese attitudes to Muslims and South Asians and, given Pakistani levels of paranoia never being much being much below 11/10, we should be in for quite the show. In a way the Belt & Road initiative is really just marketing for what has been going on for a long time. For instance in Africa while the West has long walked away it is China that has stepped in to build infrastructure, power plants, ports, railways and healthcare etc. This has been going on for so long now, that it is what was really behind George W Bush suddenly professing concern over Africa and boosting AIDS spending, if any of you remember that far back. But as usual with the US it was too little, too late, with no strategic long-term commitment and follow-through. In another sense it is an interesting throwback 2000 years to the era of the Roman and Han empires, except with modern technology, telecoms and transport links, which could have interesting and unforeseeable consequences. There's also more than a touch of Mackinder's century-old Heartland/World-Island theory of geo-political dominance. Definitely one to watch - though, as with Mao and the French Revolution, we'll all be long dead before the full implications and consequences of this become obvious. It's way too big and complicated to make specific predictions about the project as a whole. Its success or otherwise will be based on the extent to which the projects service existing demand or create new demand. Chinese infrastructural investment is massively inefficient in some respects and utterly awe-inspiring in other respects. It's hard to apply a hard and fast rule to something that is half-politics and half-economics. However I hope it works out as economic growth on that scale is definitely not a zero sum game. Maybe the U.S. will make it illegal for countries to cooperate together on the Silk road? Congress beating a drum about NOPEC with threat of sanctions against countries that collaborate to work together for a stable oil market: Bill allowing U.S. to sue OPEC drawing renewed interest | Reuters What's next will the EU be sanctioned as an illegal cartel? middleground said: Maybe the U.S. will make it illegal for countries to cooperate together on the Silk road? Congress beating a drum about NOPEC with threat of sanctions against countries that collaborate to work together for a stable oil market: Bill allowing U.S. to sue OPEC drawing renewed interest | Reuters What's next will the EU be sanctioned as an illegal cartel? Click to expand... The US would be outraged by a similar infringement of its own sovereignty.
OTTAWA—Three key premiers whose provinces generate energy exports dismissed Premier Doug Ford’s suggestion that Canada should slap punitive tariffs on America or shut off electricity, gas and oil shipments to the U.S. in retaliation for Donald Trump’s threatened tariffs on Canadian products, as Trump shrugged off Ford’s warning. Alberta Premier Danielle Smith, Quebec Premier François Legault, and Newfoundland and Labrador’s Andrew Furey said bluntly they do not support Ford’s threat to “cut off their energy” which he said would make Americans “feel the pain.” Ford made the threat after all 13 premiers met the night before with Prime Minister Justin Trudeau on Canada’s response, and he reiterated it Thursday. However Trump, the incoming U.S. president appeared unmoved by Ford’s tough talk when speaking with a CNBC reporter Thursday on the floor of the New York Stock Exchange. “That’s OK if he that does that. That’s fine,” Trump told CNBC, repeating his view about the Canada-U.S. trade deficit. “The United States is subsidizing Canada and we shouldn’t have to do that,” Trump said. “And we have a great relationship. I have so many friends in Canada, but we shouldn’t have to subsidize a country. We’re subsidizing more than a $100 billion a year. We shouldn’t have to be doing that.” Alberta’s Smith dismissed throttling Canadian energy shipments as she unveiled Alberta’s own plan to beef up border security with new provincial sheriff patrol teams to allay Trump’s border concerns. “Under no circumstances will Alberta agree to cut off oil and gas exports,” Smith said. “We don’t support tariffs. I don’t support tariffs on Canadian goods, and I don’t support tariffs on U.S. goods, because all it does is make life more expensive for everyday Canadians and everyday Americans,” Smith said. “Instead, we’re taking a diplomatic approach, and we’re meeting with our allies in the U.S. We’re making the case for Alberta oil and gas to be part of the solution to energy affordability, to energy security and to, generally speaking, North American defence security as well,” she said. Ford reiterated the notion of cutting off Canadian energy exports to the U.S. right before Quebec and Newfoundland and Labrador unveiled a blockbuster new $225-billion hydroelectricity deal , one those two provinces touted as key to Canada’s renewable energy commitments. The deal replaces a scorned decades-old contract due to expire in 2041, and requires Quebec to pay 30 times more for thousands of kilowatt hours of power generated from the Churchill Falls plant. It will also see the two provinces develop new hydro power projects along the Churchill River, and generate 2,400 more megawatts for Quebec. Legault called it an “extraordinary” deal for Quebec that means Labrador hydroelectricity will ramp up from a 17 per cent share of Quebec’s supply to 50 per cent. Furey said the agreement “changes everything.” “It is a fair deal for both parties. It’s a good commercial deal that recognizes the ills of the past and creates a new path forward for Newfoundland and Labrador, while allowing Quebec some certainty moving forward. So Premier Legault did show us the money,” Furey quipped. So it was no surprise when both premiers immediately dismissed any call to shut off energy exports to U.S. markets. “These tariffs will have significant impact on families and macro economies on both sides of the border. We hope it is just bluster. We’re preparing as if it is not. There will be no winners in a trade war,” Furey said, echoing Smith’s pledge. “Certainly from Newfoundland and Labrador’s perspective, we have no interest in stopping the flow of oil and gas, our incredibly valuable and now well-sought-after-world-class oil and gas to the United States. Nor do we now have any interest in stopping export of any electrons that could be produced in Labrador to the Northeastern seaboard.” Legault said he met Trump in Paris last weekend, “and he told me very clearly that we can avoid those tariffs if we do what needs to be done with the borders.” “He doesn’t want to see any more illegal immigrants coming from Canada to U.S. So I think the best choice right now for Mr. Trudeau is to very fast table a plan with money, with the number of people, to better secure the border. I think we have to do that. It’s a lot better than getting 25-per-cent tariffs starting on Jan. 21. So I prefer that than starting a war and stopping sending energy to (the) United States.” The Alberta premier said her new measures, which include sheriff patrol teams, and a “red zone” within two kilometres of the Alberta-Montana border, had been in the works since 2023 and would have been implemented even without Trump’s tariff threat. Steve Verheul, Canada’s former top trade negotiator, has suggested that Canada could put export levies on key Canadian goods like oil and agricultural commodities, saying it would quickly drive up the cost of fuel and food to American consumers, and could be used as leverage to negotiate a “broader exemption across all the sectors” that may be hit by Trump’s tariffs. Smith dismissed that, too, as a “terrible idea.” Manitoba Premier Wab Kinew said Thursday he also intends to beef up border security using provincial conservation officers and spend more on overtime for RCMP officers at the border. Kinew did not directly answer whether he would restrict electricity exports, but Kinew said Manitoba is drafting a list of potential retaliatory tariffs in order to protect Canadian jobs at risk from Trump’s tariffs. He said Canada must show “how are we going to stand up for the ag industry? How are we going to stand up for our energy industry and the manufacturing industry here in Manitoba? So we have to make sure that our response is comprehensive,” he said. But at Queen’s Park, Ford did not walk anything back. He said he’s “sending a message to the U.S.” not to impose tariffs on Canadian goods or else — as a “last resort” — Ontario will strike back. “We power 1.5 million homes,” Ford said Thursday, referring to the electricity Ontario supplies Michigan, New York and Minnesota. “If they put on tariffs, it’s going to be unaffordable for Americans to buy electricity,” the premier said, noting his province alone does about $500 billion in annual two-way trade with the U.S. and nine million American jobs depend on trading with Ontario. “Just like if they put tariffs on the 4.3 million barrels of oil that Alberta is shipping down to the U.S. — if you put 25 per cent increases, every barrel of oil, every gallon of gasoline (goes up) by $1,” he said at Queen’s Park. Ford said that “along with the federal government, all the premiers are putting a list together” of American goods that could be targeted with counter-tariffs. “We can’t just roll over as we’re being under attack and hurting our families and our jobs.” Trudeau on Monday said Canada would respond to Trump’s threat to impose a 25-percent surcharge on all Canadian and Mexican products on his first day in office to force the two border countries to “stop” illegal immigration and fentanyl from entering the U.S. But it is far from clear what American products the Liberal government would levy counter-tariffs on. Deputy Prime Minister Chrystia Freeland said only that several premiers said critical minerals and metals needed by the U.S. should be on any “robust” Canadian retaliatory tariff list. With files from Susan DelacourtBillionaire U.S. hedge fund manager Bill Ackman acquires $2.6-billion stake in Brookfield Corp. - The Globe and MailWASHINGTON — The House on Wednesday passed a $895 billion measure that authorizes a 1% increase in defense spending this fiscal year and would give a double-digit pay raise to about half of the enlisted service members in the military. The bill is traditionally strongly bipartisan, but some Democratic lawmakers opposed the inclusion of a ban on transgender medical treatments for children of military members if such treatment could result in sterilization. It passed by a vote of 281-140 and next moves to the Senate, where lawmakers sought a bigger boost in defense spending than the current measure allows. The Pentagon and the surrounding area is seen Jan. 26, 2020, from the air in Washington. Pablo Martinez Monsivais, Associated Press Lawmakers are touting the bill's 14.5% pay raise for junior enlisted service members and a 4.5% increase for others as key to improving the quality of life for those serving in the U.S. military. Those serving as junior enlisted personnel are in pay grades that generally track with their first enlistment term. Lawmakers said service member pay failed to remain competitive with the private sector, forcing many military families to rely on food banks and government assistance programs to put food on the table. The bill also provides significant new resources for child care and housing. "No service member should have to live in squalid conditions and no military family should have to rely on food stamps to feed their children, but that's exactly what many of our service members are experiencing, especially the junior enlisted," said Rep. Mike Rogers, R-Ala., chairman of the House Armed Services Committee. "This bill goes a long way to fixing that." The bill sets key Pentagon policy that lawmakers will attempt to fund through a follow-up appropriations bill. The overall spending tracks the numbers established in a 2023 agreement that then-Speaker Kevin McCarthy, R-Calif., reached with President Joe Biden to increase the nation's borrowing authority and avoid a federal default in exchange for spending restraints. Many senators had wanted to increase defense spending some $25 billion above what was called for in that agreement, but those efforts failed. Sen. Roger Wicker, R-Miss., who is expected to serve as the next chairman of the Senate Armed Services Committee, said the overall spending level was a "tremendous loss for our national defense," though he agreed with many provisions within the bill. "We need to make a generational investment to deter the Axis of Aggressors. I will not cease work with my congressional colleagues, the Trump administration, and others until we achieve it," Wicker said. Sen. Roger Wicker, R-Miss., speaks with reporters Nov. 21 on Capitol Hill in Washington. Mark Schiefelbein, Associated Press House Republicans don't want to go above the McCarthy-Biden agreement for defense spending and are looking to go way below it for many non-defense programs. They are also focused on cultural issues. The bill prohibits funding for teaching critical race theory in the military and prohibits TRICARE health plans from covering gender dysphoria treatment for children under 18 if that treatment could result in sterilization. Rep. Adam Smith of Washington state, the ranking Democratic member of the House Armed Services Committee, said minors dealing with gender dysphoria is a "very real problem." He said the treatments available, including puberty blockers and hormone therapy, have proven effective at helping young people dealing with suicidal thoughts, anxiety and depression. Listen now and subscribe: Apple Podcasts | Spotify | RSS Feed | SoundStack | All Of Our Podcasts "These treatments changed their lives and in many cases saved their lives," Smith said. "And in this bill, we decided we're going to bar service members' children from having access to that." Smith said the number of minors in service member families receiving transgender medical care extends into the thousands. He could have supported a study asking medical experts to determine whether such treatments are too often used, but a ban on health insurance coverage went too far. He said Speaker Mike Johnson's office insisted on the ban and said the provision "taints an otherwise excellent piece of legislation." Rep. Chip Roy, R-Texas, called the ban a step in the right direction, saying, "I think these questions need to be pulled out of the debate of defense, so we can get back to the business of defending the United States of America without having to deal with social engineering debates." Smith said he agrees with Roy that lawmakers should be focused on the military and not on cultural conflicts, "and yet, here it is in this bill." Branden Marty, a Navy veteran who served for 13 years, said the loss of health coverage for transgender medical treatments could prompt some with valuable experience to leave the military, affecting national security because "we already struggle from a recruiting and retention standpoint." He also said the bill could regularly force service members into difficult choices financially. "It will be tough for a lot of them because of out-of-pocket expenses, especially enlisted members who we know already struggle with food insecurity," said Marty, the father of a transgender teenager. "They don't get paid very much, so they're going to be making a lot of choices on a day-to-day, tactical level." House Minority Leader Hakeem Jeffries, D-N.Y., responds to reporters Dec. 6 during his weekly news conference at the Capitol in Washington. J. Scott Applewhite, Associated Press Rep. Hakeem Jeffries, the House Democratic leader, said his team did not tell Democrats how to vote on the bill. "There's a lot of positive things in the National Defense Authorization Act that were negotiated in a bipartisan way, and there are some troubling provisions in a few areas as well," Jeffries said. Overall, 81 Democrats voted for the bill and 124 against it. On the Republican side, 200 voted for the bill and 16 against it. "It's disappointing to see 124 of my Democrat colleagues vote against our brave men and women in uniform over policies that have nothing to do with their intended mission," Johnson, R-La., said. The defense policy bill also looks to strengthen deterrence against China. It calls for investing $15.6 billion to build military capabilities in the Indo-Pacific region. The Biden administration requested about $10 billion. On Israel, the bill, among other things, includes an expansion of U.S. joint military exercises with Israel and a prohibition on the Pentagon citing casualty data from Hamas. The defense policy bill is one of the final measures that lawmakers view as a must-pass before making way for a new Congress in January. Rising threats from debt collectors against members of the U.S. armed forces are undermining national security, according to data from the Consumer Financial Protection Bureau (CFPB), a federal watchdog that protects consumer rights. To manage the impact of financial stress on individual performance, the Defense Department dedicates precious resources to improving financial literacy, so service members know the dangers of notorious no-credit-check loans. “The financial well-being of service members and their families is one of the Department’s top priorities,” said Andrew Cohen, the director of financial readiness in the Office of the Deputy Assistant Secretary of Defense at the Pentagon. But debt collectors are gaining ground. Last quarter, debt collection complaints by U.S. military service members increased 24% , and attempts to collect on “debts not owed” surged 40%. Complaints by service members against debt collectors for deceptive practices ballooned from 1,360 in the fourth quarter of 2023 to 1,833 in the first quarter of 2024. “There’s a connection between the financial readiness and the readiness of a service member to perform their duty,” said Jim Rice, Assistant Director, Office of Servicemember Affairs at the Consumer Financial Protection Bureau. Laws exist to protect the mission readiness of U.S. troops from being compromised by threats and intimidation, but debt collectors appear to be violating them at an alarming pace. “If they’re threatening to call your commander or get your security clearance revoked, that’s illegal,” says Deborah Olvera, financial readiness manager at Wounded Warriors Project, and a military spouse who’s been harassed herself by a collection agency that tried to extort money from her for a debt she didn’t owe. But after she requested the name of the original creditor, she never heard from them again. “The financial well-being of service members and their families is one of the Department’s top priorities.” —Andrew Cohen, Director of Financial Readiness at the Pentagon Under the Fair Debt Collection Practices Act, it’s illegal for debt collectors to threaten to contact your boss or have you arrested because it violates your financial privacy. The FDCPA also prohibits debt collectors from making false, deceptive, or misleading representations in connection with the collection of a debt, even for borrowers with bad credit scores. But according to the data, debt collectors are increasingly ignoring those rules. “Debt collection continues to be one of the top consumer complaint categories,” said a spokesperson at the Federal Trade Commission. The commission released a report earlier this year revealing that consumers were scammed $10 billion in 2023, a new benchmark for fraud losses. In his book Debt: The First 5,000 Years, David Graeber argues that debt often creates a relationship that can feel more oppressive than systems of hierarchy, like slavery or caste systems because it starts by presuming equality between the debtor and the creditor. When the debtor falls into arrears, that equality is then destroyed. This sense of betrayal and the subsequent imbalance of power leads to widespread resentment toward lenders. Jon Bilous Photo Credit: Olena Yakobchuk / Shutterstock The debt collector reportedly harassing military service members most was Resurgent Capital Services, a subsidiary of collection giant Sherman Financial Group. The company tacks on accrued interest and junk fees and tries to collect on debts purchased for pennies on the dollar from cable companies, hospitals, and credit card companies, among others. Sherman Financial Group is run by billionaire Benjamin Navarro, who has a reported net worth of $1.5 billion, according to Forbes. Sherman Financial also owns subprime lender Credit One Bank and LVNV Funding, which outsource collections to Resurgent Capital. According to CFPB data, the second worst offender is CL Holdings, the parent company of debt-buyer Jefferson Capital Systems. The company has also been named in numerous complaints to the Better Business Bureau for alleged violations of the FDCPA, such as failing to properly validate debts or update credit reports with accurate information. Under the leadership of CEO David Burton, Jefferson Capital Systems is a wholly-owned subsidiary of CompuCredit Corporation, which markets subprime credit cards under the names Aspire, Majestic, and others. The third most referenced debt collector is publicly traded Portfolio Recovery Associates [NASDAQ: PRAA], which was forced to pay $27 million in penalties for making false representations about debts, initiating lawsuits without proper documentation, and other violations. Portfolio Recovery Associates is run by CEO Vikram Atal. Fourth place for alleged worst offender goes to Encore Capital Group [NASDAQ ECPG], which was required to pay $42 million in consumer refunds and a $10 million penalty for violating the Fair Debt Collection Practices Act. Encore collects under its subsidiary Midland Credit Management Group. These debt collectors all operate under a veritable shell game of company and brand names, almost none of which are disclosed on their websites, sending consumers on a wild goose chase to try and figure out how they’re related to each other. But despite their attempts to hide their tracks behind a smoke screen of subsidiaries, a leopard can’t change its spots, and the CFPB complaint database makes it harder for them to try. Olena Yakobchuk Photo Credit: Bumble Dee / Shutterstock Although widely considered a consumer-friendly state, complaints spiked most in California, which saw a 188% increase in complaints filed from the fourth quarter of 2023 to the first quarter of 2024. California is home to 157,367 military personnel, making it the most populous state for active-duty service members. The second-largest increase in debt collection complaints was in Texas, which saw a 66% jump from the fourth quarter of 2023 to the first quarter of 2024. The U.S. Department of Defense reports 111,005 service members stationed in the Lone Star State, which is the third-most populous state for active-duty military. The rising trends do not correlate to the number of military personnel by state. Complaints against debt collectors in Virginia, the second most populous state with 126,145 active duty personnel, decreased by 29% in the same quarter-over-quarter period. And complaints filed quarter-over-quarter in North Carolina, the fifth most populous state with 91,077 military personnel, decreased by 3% in the same period. The third largest percentage increase in debt collection complaints was from service members stationed in Maryland, where alleged harassment reports jumped 112% from the fourth quarter of 2023 to the first quarter of 2024. Maryland ranks number 12 with just 28,059 active duty service members. Fourth place goes to Ohio – the 28th most populous active-duty state – where complaints doubled, followed by Arizona – the 15th most populous military state – where complaints were up 70% in the same quarter-over-quarter period. Bumble Dee Photo Credit: PeopleImages.com - Yuri A / Shutterstock In 2007, Congress passed the Military Lending Act to cap the cost of credit to a 36% annual percentage rate, inclusive of junk fees and late charges, for active duty military service members. That rate is still considerably higher than average credit card rates, which range from 8% for borrowers with excellent credit scores to as high as 36% for borrowers with bad credit. But lenders still get hauled into court for violating the MLA. Don Hankey, the billionaire subprime auto lender who funded Donald Trump’s $175 million appeal bond , is among those violators. His company, Westlake Financial, which markets high-interest car loans for bad credit, has been sued twice by the Department of Justice for harassing military service members. In 2017, the DoJ alleged Hankey’s Westlake Financial illegally repossessed at least 70 vehicles owned by military service members. Westlake Financial paid $700,000 to settle the charges. In 2022, Westlake Financial paid $250,000 for allegedly cheating U.S. troops out of interest rates they were legally entitled to. Westlake Financial continues to receive complaints from military service members alleging abusive debt collection practices on its no-credit-check loans. A steady year-over-year increase in the number of complaints filed against Westlake Financial continued from 2020 to 2023. Consumer Financial Protection Bureau data shows a 13% increase in the number of complaints against the company from 2020 to 2021, a 28% increase from 2021 to 2022, and a torrential 119% surge from 2022 to 2023. The numbers suggest systemic complaint-handling processes and inadequate customer service resources. PeopleImages.com - Yuri A Photo Credit: Cynthia Shirk / Shutterstock On May 16, 2024, a deceptively named predatory lending industry front group dubbed the Community Financial Services Association of America (CFSA) lost a legal attempt to defund the Consumer Financial Protection Bureau. In an effort to deprive Americans of essential consumer protections, the lobby group argued that the Consumer Financial Protection Bureau’s funding structure was unconstitutional. But the Supreme Court denied its claim. In a 7-2 ruling, the Court held that the Consumer Financial Protection Bureau’s funding structure is indeed constitutional. That means the Consumer Financial Protection Bureau cannot be defunded, but it does not mean the agency cannot be defanged. The New York Times suggested that Hankey’s incentive to finance Trump’s $175 million bond could have been a reciprocity pledge to neuter the Consumer Financial Protection Bureau if Trump wins the upcoming U.S. presidential election. If Trump wins a second term, he could replace Consumer Financial Protection Bureau director Rohit Chopra, an American consumer advocate, with a predatory lending advocate. In 2020, the Trump Administration secured a Supreme Court ruling that made it easier for the president to fire the head of the Consumer Financial Protection Bureau. The ruling struck down previous restrictions on when a president can fire the bureau’s director. Like other federal agencies, the Consumer Financial Protection Bureau has also been confronted for overstepping its bounds, pushing too far, and acting unfairly against entities it regulates. Cynthia Shirk Photo Credit: Lux Blue / Shutterstock Seasonality and rising interest rates do not explain the increase in debt collection complaints from service members. The surge in complaints is not tied to predictable seasonal fluctuations or changes in interest rates. The increase in debt collection complaints by service members may point to underlying systemic issues, such as aggressive and predatory debt collection practices that exploit the unique financial vulnerabilities of service members, who face frequent relocations and deployments. Debt Complaints by Service Members From Q1 2021 to Q4 2022 Up 4% From Q4 2022 to Q1 2023 Up 6% From Q4 2023 to Q1 2024 Up 24% The 24% spike in debt collection complaints exhibits no correlation to fluctuations in interest rates. 30-Year Fixed Mortgage Rates From 3.08% in Q4 2021 to 3.82% in Q1 2022 From 6.66% in Q4 2022 to 6.37% in Q1 2023 From 7.30% in Q1 2023 to 6.75% in Q4 2024 Pandemic stimulus checks were also not a factor. COVID-19 relief benefit checks went through three major rounds during the pandemic. The final round of Economic Impact Payments went out in March 2021 . To better understand the rising trend of debt collection complaints, we calculated the increase in the total number of complaints and the percentage increase quarter-over-quarter. For example, New Jersey has the second largest percentage increase in complaints quarter-over-quarter, but the total number of complaints increased by just 16. Shutterstock The data for this study was sourced from the Consumer Financial Protection Bureau (CFPB) complaint database. The dataset specifically targeted complaints filed by U.S. military service members, identified using the tag “Servicemember” within Q4 2023 and Q1 2024. Readers can find the detailed research methodology underlying this news story in the accompanying section here . For complete results, see U.S. Troops Face Mounting Threats from Predatory Debt Collectors on BadCredit.org . Jon Bilous Homelessness reached record levels in 2023, as rents and home prices continued to rise in most of the U.S. One group was particularly impacted: people who have served in the U.S. military. "This time last year, we knew the nation was facing a deadly public health crisis," Jeff Olivet, executive director of the U.S. Interagency Council on Homelessness, said in a statement about the 2023 numbers. He said the latest homelessness estimates from the Department of Housing and Urban Development "confirms the depth of the crisis." At least 35,000 veterans were experiencing homelessness in 2023, according to HUD. While that's about half of what it was in 2009—when the organization began collecting data—things have plateaued in recent years despite active efforts to get that number to zero. Although they make up just 6.6% of the total homeless population, veterans are more likely to be at risk of homelessness than Americans overall. Of every 10,000 Americans, 20 were experiencing homelessness. Of veterans living in the United States, that number jumps to 22, HUD data shows. Complicated by bureaucracy, family dynamics, and prejudice, the path from serving in the military to homelessness is a long one. According to a 2022 study by Yale School of Medicine researchers, homelessness typically occurs within four years of leaving the military, as veterans must contend with the harsh reality of finding a job in a world where employers struggle to see how skills on the battlefield transfer to a corporate environment. These days, veterans also deal with historically high rent and home prices, which causes many to rely on family generosity while figuring out a game plan. Stacker examined academic studies, analyzed government data, and spoke with members of the Biden administration, experts, and former members of the armed forces to see the struggles members of the military face when leaving the armed forces. Photo illustration by Michael Flocker // Stacker // Canva The Department of Veterans Affairs offers transition assistance to the roughly 250,000 service members who leave each year. However, those programs can be burdensome and complex to navigate, especially for those who don't have a plan for post-military life. Only a small portion of veterans have jobs lined up when they leave, according to 2019 Pew Research. Many also choose to live with relatives until they get on their feet, which can be longer than anticipated. Some former service members are unsure what kind of career they'd like to pursue and may have to get further education or training, Carl Castro, director of the Military and Veteran Programs at the Suzanne Dworak-Peck School of Social Work at the University of Southern California, told Stacker. "It takes years for that kind of transition," Castro said. Many have trouble finding a job after leaving the service, even if they are qualified. Some employers carry misconceptions about those who have served. A 2020 analysis from the journal Human Resource Management Review found that some veterans face hiring discrimination due to negative stereotypes that lead hiring managers to write them off as a poor culture fit. Underemployment, or working low-wage jobs below their skill level, is also an issue. While the unemployment rate for veterans was 3% in March 2024, a study released by Penn State at the end of 2023 found three years after leaving the service, 61% of veterans said they were underemployed because of perceived skill mismatches . This phenomenon can have long-term economic effects, and eventually, that frustration can boil over, strain relationships, and potentially lead to housing instability. Working, especially a low-wage job, is not protection against homelessness. A 2021 study from the University of Chicago found half of people living in homeless shelters and 2 in 5 unsheltered people were employed, full or part-time. Stacker High rents make it difficult to save up, even when applying for a VA loan—a mortgage backed by the Department of Veterans Affairs that typically has more favorable terms. While the VA does not require a downpayment, some lenders, who ultimately provide the loan, do. They're not entirely risk-free either, and veterans can still lose their homes if they are unable to keep up with their mortgages. In November 2023, the VA put a six-month pause on foreclosures when an NPR investigation found thousands of veterans were in danger of losing their homes after a COVID forbearance program ended. Biden officials pointed to high rents and the end of COVID-era housing restrictions like eviction moratoriums to explain the spike in Americans experiencing homelessness. In the last year, homelessness rose 12%—to more than 650,000 people—the highest level since data began being collected in 2007. Overall, more than half of people experiencing homelessness in 2023 live in states with high living costs. Most were in California, followed by New York and Florida. Western states, including Montana and Utah, experienced massive population growth during the pandemic, becoming hubs for remote workers who drove home prices and rents even further. Stacker For veterans, housing costs certainly play a role, but those who leave the military also face systemic barriers. "It's worrying there are people that continue to fall through the cracks," said Jeanette Yih Harvie, a research associate at Syracuse University's D'Aniello Institute for Veterans and Military Families. Just under a quarter of adults experiencing homelessness have a severe mental illness , according to 2022 HUD survey data. They are also likely to have chronic illnesses but are unable to maintain preventative care, which only exacerbates these problems. Veterans facing homelessness are more likely to have experienced trauma , either before or after joining the military, according to Yale researchers who analyzed the 2019-2020 National Health and Resilience in Veterans Study. Childhood trauma was among the most significant commonalities among vets who become homeless. Substance use disorder is also widespread and can indicate an undiagnosed mental illness . Racial and ethnic disparities are at play, too. A 2023 study in the Journal of Psychiatric Research showed that Hispanic and Black veterans were more likely to screen positive for PTSD, and Hispanic veterans were more likely to report having suicidal ideation. Overall, access to mental health care has improved in the last decade or so. In December 2023, the VA announced it would open nine additional counseling centers. However, the stigma of getting help remains, especially after years of being conditioned to be self-reliant and pull oneself up by their bootstraps. That help, in the form of public policy, is slowly working to catch up to the need. In 2023, the Biden administration invested millions into research programs and studies on suicide prevention by the VA office in addition to a proposed $16 billion to improve quality and lower-cost mental health care services for veterans. And, in February of this year, HUD and the VA announced they would give up to $14 million in vouchers to public housing agencies for veterans experiencing homelessness. The program would also offer case management and other services. Still, with a culture that pushes people to keep going, it can be challenging for servicemembers to take advantage of these opportunities, Harvie said. "When you've been doing that for the last 15 or 20 years, it's difficult to stop and say, 'I'm the person that needs help.'" Story editing by Kelly Glass. Copy editing by Kristen Wegrzyn. Stacker
KINGSPORT— It has been five years since the Lee Apartments, a 128-unit housing development built in 1941, were demolished due to deteriorating conditions. Yet, despite ongoing efforts, the Kingsport Housing and Redevelopment Authority has been unable to secure funding to replace the units. “We're actively trying to find a developer to help us secure tax credits through the Tennessee Housing Development Agency,” said KHRA Executive Director Terry Cunningham. “These tax credits are essential for making the project financially feasible and ensuring the housing remains affordable for low-income residents.” The agency has applied for tax credits several times but has “not scored high enough to be able to get a 9% tax credit," Cunningham said. Tax credits and restrictions Cunningham described the role of tax credits as a "dollar-for-dollar reduction" in an investor’s tax liability, spread over several years. These are financial benefits to investors and they allow KHRA to offer affordable rents without taking on significant debt. “The rent structure for affordable housing doesn’t allow you to carry much, if any, debt. Without these subsidies, the cost of development would make the units unaffordable,” Cunningham said. He said applications for tax credits are sent to the Tennessee Housing Development Agency who then scores the applications. In recent ones, Cunningham said Kingsport and Sullivan County have consistently ranked lower than surrounding counties. "On our most recent application, we were six points behind on the need factor compared to cities like Knoxville, Nashville and Chattanooga,” he said. “We’re competing not just with other housing authorities but also with private developers for the same pool of tax credits,” Cunningham added. Recent adjustments to THDA's qualified application plan may improve Kingsport’s scoring prospects, but the agency continues to face other hurdles. Another challenge comes from HUD owning a Declaration of Trust on the Lee property, dating back to 1941 when the apartments were built. The declaration places restrictions on the site, mandating that any redevelopment must replace all 128 units with the same bedroom count and remain affordable housing. “But you see, the initial 128 units that Lee had were just too tight for people,” he said. “That's a lot of people in one area, that’s about 44 people per acre and it’s less than a seven-acre site.” One of the agency’s goals is the deconcentration of poverty which can partly be achieved by limiting the number of people in a space. Cunningham said having highly populated areas in small spaces can lead to "more crimes, drug and social problems.” To meet the requirement to replace all 128 units, KHRA has acquired nearby properties to develop smaller sites and remodel existing homes. “KHRA and the city are working on a comprehensive redevelopment plan that includes Boone Street, Tennessee Street, Rotary Park and surrounding properties we own,” Cunningham said. “We’re working on pulling that together.” Other options While KHRA operates independently, Kingsport city staff have been working closely with the agency to find out if there any other options for redevelopment aside from tax credits. “If we can’t make the tax credit options work, then we need to find other options,” said Kingsport Mayor Paul Montgomery. Alderman James Phillips called the delay a “stalemate.” “The city has offered to fund consultations with redevelopment experts,” Phillips said. “We’ll do anything we can to assist—whether it’s setting up meetings with consultants or exploring public-private partnerships—but we have yet to be asked for help.” Phillips also believes there are other alternatives that exist. “We’ve been told there are no other options besides the tax credits, but we feel very strongly that there are other options and there can be other options,” he added. Montgomery said the BMA appoints members to the KHRA board of directors. However, there are no current BMA officials on the board. Phillips said one struggle of not having current BMA representation on the board is how complex it is to understand the inner workings of KHRA and how the agency operates. "The number one thing I want to accomplish right now on my list with KHRA is having BMA representation on their board so that we can fully understand the decisions that are being made," Phillips said. Stay Informed: Subscribe to Our Newsletter TodayDual power structure: Discordant political notes leave trails of confusion
NZX-listed telecommunications company Spark will sell its remaining stake in its mobile towers business for $314 million. In a note to the stock exchange this morning, the company said it was selling its 17% interest in Connexa to Canadian-based global investment group CDPQ. As part of the deal,As we approach the end of 2024, the full Cold Moon will shine in the middle of December, bringing a lively social energy just in time for the holiday season. Celebrity astrologer Kyle Thomas, who is known for his cosmic guidance among celebrities, businesses and online influencers, spoke to "Good Morning America" about the best ways to take advantage of this engaging full moon. But first, let's break down the meaning of the Cold Moon and what to know about this particular celestial event. The Cold Moon will arrive on Dec. 15, according to Thomas. The Cold Moon gets its name because December is the month when the weather typically turns cold, according to NASA. The Old Farmer's Almanac states that some Native Americans also called the Cold Moon the Long Night Moon. The second name likely originates from the fact that the full moon in December occurs near the winter solstice, which has the longest night of the year, according to NASA. "The full moon takes a high trajectory across the sky because it is opposite to the low sun, so the moon will be above the horizon longer than at other times of the year," NASA states. The zodiac sign of each full moon is determined by its position in the night sky relative to the astrological signs. This year, the Cold Moon occurs as a full moon in Gemini, an air sign associated with communication, technology, and short-distance travel, according to Thomas. It encourages mental connections, particularly with those in our immediate circles -- friends, neighbors, acquaintances, and siblings. "We will be motivated to express our minds and may be in the process of launching a significant writing, speaking, advertising, digital or social media project," Thomas added. "The pace of life will also quicken rapidly." Rituals and manifestations to try during the Cold Moon Many ancient cultures, from Chinese traditions to Hebrew holidays, celebrate celestial cycles and revere the power of the moon. For instance, Thomas noted that Gemini, an air sign, makes this an ideal time to integrate communication -- whether written or spoken -- into your rituals. "This is a great moment to communicate our desires to the world -- as well as to others," he explained. "Writing down explicit statements, manifestation goals, and plans can be particularly useful. Also, as an Air sign, using smoke, sage, or incense can be excellent tools during meditation or ritual." Potential meditations, mantras or journal prompts: Speak up and speak out, Aries! "You have an important message that you'd like to broadcast to the world. This full moon could help you to launch an important writing, speaking, advertising or social media endeavor to great success. People will be listening!" Thomas said. Wealth is top of mind, Taurus. "Prosperity could soon be on its way," Thomas explained. "The full moon should bring to [ a ] culmination an important financial matter for you - perhaps in the form of a raise, new job offer or large check." Claim your spotlight, Gemini. According to Thomas, "the most important full moon of the year has arrived for you, as you reach an important turning point. Something of vital personal significance will reach [ its ] culmination at this time, perhaps giving you closure that will improve your life going forward." Relax and recharge, Cancer. "This full moon will encourage you to reset your emotional, mental and physical batteries-you've earned it! Lie low and give yourself some much-needed TLC. If you are in need of finding a specialist, therapist or healer, this lunation could also aid you in doing so." Thomas added. Get out and mingle, Leo. "You're always popular, but with this full moon highlighting your friendships, you'll be on the top of everyone's holiday list!" Thomas explained. "You'll likely attend at least one dazzling event where you're the star of the show. Circulate amongst those who you love and make time to show how much you appreciate them." Embrace your success, Virgo. According to Thomas, "A major professional victory could now be within reach. A promotion, new job offer, milestone or opportunity for public praise may present itself near this time. Previous hard work will surely be celebrated." Keep an open mind for a new adventure, Libra. "You could now be ready to soar in a breathtaking new direction-or make plans to do so in 2024!" Thomas said. "This full moon will energize you to slightly shift the narrative of your life and examine what else you'd like to learn. Some Libras will make a decision or hear news regarding an academic, travelling, immigration or media endeavor." It's time to explore your intimacy department, Scorpio. "The full moon will be helping you to get in touch with your most sensitive parts-emotionally and physically," Thomas explained. "If single, you could attract someone who knows how to complete you in every way. If taken, you'll be assessing if your authentic needs are being fulfilled by your partner." Take a closer look at your partnership, Sagittarius. "This full moon will help you to grow closer with someone in business, collaboration or love," Thomas added. "Single Sagittarians may have luck finding a perfect match, so be sure to put yourself out there. Love won't find you if you're not making an effort! Those already committed could decide it's time to make long-term plans, move in, get engaged or even be wed." Get ready to make progress, Capricorn. According to Thomas, "the full moon will make you busier than ever." "You may now be focused upon an important project for your employer that must have final approval," he said. "You could be putting everything you have into completing the task, but be sure to do so, as it could end up making you shine brighter than ever in your boss's eyes." Open your heart to love, Aquarius. "Get excited for a vibrant, romantic period to appear," Thomas added. "Single Aquarians must not let this energy go to waste, as you could find someone who is a soulmate or who lights your heart on fire." Toast to the holidays and reflect on the year, Pisces. "This full moon will bring to [ a ] culmination a domestic, family or real estate matter for you," Thomas said. "Some Pisceans could be hosting a lovely gathering at their home with their kindred. Others may be contemplating a big renovation, redecoration or move now or in the coming year."WASHINGTON ― First came this month of his son, Hunter Biden. It was followed Thursday by the largest single-day act of clemency in modern history: commuting the sentences of nearly during the COVID pandemic and pardoning 39 others convicted of nonviolent crimes. The lame-duck, 82-year-old Democrat isn't done yet. Biden promised to take "more steps in the weeks ahead" as he announced the he said have successfully reintegrated into their communities and deserved a "second chance." Less than six weeks before he leaves the White House, Biden faces a host of political and legal considerations as he decides how he will use his presidential clemency power next. Biden and his senior aides are for individuals they fear President-elect Donald Trump might target for criminal investigations. Rep. James Clyburn, D-S.C., a close Biden ally, of his federal charges to "clean the slate." Meanwhile, criminal justice advocates, although pleased by Biden's moves Thursday, want him to sign off on all 10,000 pending clemency petitions. Other activists and progressive Democrats are urging Biden to , fearing the return of Trump will restart federal executions, which had been paused under the Biden administration. "With 39 days remaining in his presidency, President Biden has the power to continue to use his clemency authority to change and save the lives of many, many other Americans behind the wall," said Rep. Ayanna Pressley, D-Mass. "It is the right thing to do, it is the moral thing to do, and it is a matter of legacy.” With the latest clemency moves, the White House said Biden has now issued more sentence commutations than any of his predecessors at the same point in their terms. That's in addition to pardons targeting categories of offenses, including pardons for simple marijuana possession in 2022, pardoning veterans previously convicted . Yet ‒ which absolves an individual of a criminal offense entirely ‒ has been the slowest since at least President William McKinley in 1900, according to Justice Department records. Biden has pardoned 65 people so far, leaving him behind another one-term president, George H. W. Bush, who pardoned 74 people. But pardons sometimes happen at the end of an administration because they can be controversial, and Biden has until Jan. 20 to make his decisions. Jimmy Carter, another one-term president, had the most in the last 50 years, with 534 pardons – before counting the open-ended pardon he provided people who dodged the Vietnam War draft from 1964 to 1973. Franklin Roosevelt pardoned the most since 1900 with 2,819 during his four terms. The 1,499 individuals whose sentences Biden commuted involve people in home confinement through the 2020 CARES Act, which authorized the federal Bureau of Prisons to move medically vulnerable inmates incarcerated for nonviolent offenses from prisons to house arrest. Biden said many of recipients receiving commuted sentences "would receive lower sentences if charged under today's laws, policies and practices" and that they have "successfully reintegrated into their families and communities and have shown that they deserve a second chance." He said the 39 people he is pardoning have shown "commitment to making their communities stronger and safer." None are household names, and most were convicted of nonviolent drug-related offenses. Clyburn, who had previously commended Biden for pardoning 11 people convicted of simple marijuana possession, said his action tackled injustice. “Many people of color and moderate means have been disproportionately burdened by systemic injustices and clemency is a potent tool in the President’s toolbox to remedy some faults in our legal system,” Clyburn said in a statement. Margaret Huang, president of the Southern Poverty Law Center, said Biden’s action provided justice for people in southern states who are disproportionately and harshly punished due to discriminatory law enforcement. “The failings of the criminal legal system have resulted in the mass incarceration of people of color throughout the South, justified by fabricated narratives about the benefits of institutionalization to public safety,” Huang said. Some Republicans had to return people in home confinement during the pandemic back to prison. But GOP criticism from Biden's actions Thursday didn't appear widespread. "I’m not surprised at this point anymore," Rep. Anna Paulina Luna, R-Fla., . "I think I’m still trying to get over the after he promised America he wouldn’t do it." In the weeks since Trump's election victory last month, criminal justice activists have ramped up pressure on Biden to commute sentences of federal inmates on death row ‒ and follow through on a Biden 2020 campaign promise to end the federal death penalty. They renewed their calls after Thursday's announcement. During Trump's first term, his administration oversaw 13 executions in its final six months, becoming the first presidential administration to . Trump has vowed to resume federal executions and . A collection of 134 groups advocating for civil liberties, human rights and social justice urged Biden on Monday to commute the sentences of all prisoners on death row. Pressley and other House Democrats calling for the same Wednesday. “While today’s announcement is wonderful, there is more to do in the final weeks before President Biden leaves office,” said Cynthia Roseberry, director of policy and government affairs at the American Civil Liberties Union’s justice division. “We strongly urge President Biden to use his power to address this country's failed death penalty by commuting death row sentences.” Democrats in the Black Congressional Caucus and civil rights leaders have also pushed Biden to pardon , who was convicted earlier this year on perjury and mortgage fraud charges related to a home loan application. Her advocates say Mosby, who maintains her innocence, was a political target of the Trump administration. White House press secretary Karine Jean-Pierre was noncommittal when asked Thursday whether Biden will commute sentences for individuals on federal death row. She said Biden and his team will continue to review clemency petitions "in normal course." She added that Biden wants to "further the criminal justice reforms in a manner that advances equity and justice, promotes public safety, supports rehab and re-entry, and provides meaningful second chances." Pressed about the thousands of others seeking clemency, Jean-Pierre said Biden has taken "many actions" in addition to the latest clemency announcements. A far more delicate political calculation for Biden will be whether to offer blanket pardons to shield individuals who Trump has threatened. It would likely invite an instant backlash, particularly from Republicans, while Biden also faces criticism for his broadly-worded pardon for Hunter Biden, which was made not only to reprieve his son from existing gun and tax felonies but to shield him from potential future charges by Trump's Justice Department. Some Democratic lawmakers, led by U.S. Sen. Ed Markey of Massachusetts, are publicly advocating for the pre-pardons ‒ alarmed by Trump's repeated past threats to and his recent pick of longtime ally as director of the Federal Bureau of Investigation to replace Christopher Wray, who resigned Wednesday. Those who could be on a pre-pardon list include retired Gen. Mark Milley, who Trump ; former Republican Rep. Liz Cheney, who Trump has said should "go to jail" for her role on the House committee that investigated the Jan. 6, 2021 attack on the Capitol; Dr. Anthony Fauci, a frequent target of Republican lawmakers over his work during the U.S. response to the COVID-19 pandemic; and Sen. of California, who Trump has referred to as "the enemy within" for his leading role while serving in the House of Representatives during Trump's first impeachment. In an interview over the weekend on NBC's Meet the Press, Trump said some members of the House committee that investigated Trump's actions on Jan. 6, 2021 should “go to jail.” , former chair of the committee, accept a pre-emptive pardon from Biden out of fear that might target him with a criminal investigation. Yet the possibility of pre-pardoning people who have not been charged of any crimes raises several legal concerns that could ultimately sway Biden not to take action, according to legal experts. Accepting a pardon carries with it the suggestion of accepting guilt. And some Democrats worry Biden would set a new precedent for pardons, opening the door for Trump to take similar actions. Jean-Pierre wouldn't rule out blanket pardons when asked whether it's a possibility. "He's going to have conversations with his team's going to review clemency petitions," she told reporters on Thursday. "He's going to review options on the table. And so that's where I'm going to leave it."
