was not a president of the first rank, but he managed by dint of unceasing effort to become an iconic world leader, with an inspiring, if often contentious, legacy as a dogged peacemaker and a decent and ethical problem-solver. His presidency—beset by a horrible economy, the and the —was a stunning political failure but a greater substantive success than was recognized when he was crushed for reelection by in 1980. In today’s world of perpetual military intervention, it’s striking that not a single bomb was dropped or shot fired in combat by American forces on Carter’s watch, and his leadership helped prevent at least five wars—in Panama, Israel, and Iran when he was president, and in Haiti and North Korea after he left office. he engineered proved to be the most successful treaty since the end of World War II. Long before he died Sunday, Dec. 29, at 100, his epic journey from barefoot Georgia farm boy to Nobel Prize-winning humanitarian had become a classic American story. As the longest-lived president, Carter effectively lived in three centuries: He was born in a rural South little changed from the 19th century. He helped advance the four great movements of the 20th century—civil rights, women’s rights, human rights abroad and the environment—and hastened the collapse of the Soviet Union. And as an old man in the 21st century, he made sure his Carter Center was on the cutting edge of the new millennium’s big challenges: conflict-resolution, disease eradication, democracy-promotion and sustainable development. Emory University President James Laney once said, “Jimmy Carter is the only person in history for whom the presidency was a steppingstone.” There was truth in that line; he reinvented the ex-presidency with a higher purpose that inspired other presidents to use their stature and convening power on behalf of important causes after leaving office. He was the longest-serving former president in American history and by many accounts the best, though every successor was annoyed that he sometimes freelanced as if he were still in power. Carter was born on Oct. 1, 1924, in Plains, Ga., population 550, the first child of James Earl Carter, a canny segregationist businessman and farmer, and his eccentric wife, Lillian, a nurse who defied Jim Crow norms by tending to black patients. He was nicknamed Jimmy from the start, with the expectation that he would someday be called Jim, which he never was. The family was prosperous and had an automobile and a party line telephone, but the rest of his early life on a farm outside of town was primitive by today’s standards. Until he was age 11, his homestead had no running water, no electricity, no mechanized farm equipment, only slop jars and outhouses, hand-cranked wells, kerosene lamps, ancient mule-driven plows and black sharecroppers to work the land in a feudal system only one step removed from slavery. Carter picked cotton, stacked peanuts and learned his discipline, attention to detail and prodigious work ethic on the farm, where his early playmates were black. From an early age he set his sights on admission to the U.S. Naval Academy. After graduating in 1946, marrying Rosalynn Smith, his sister’s friend who was also from Plains, and serving as an officer on diesel-powered submarines, he became a “nuc” under the legendary . His assignment was to supervise the construction of one of the first two nuclear subs, a Rickover-led technological breakthrough that eventually helped give the U.S. the strategic edge in the Cold War. Another duty involved descending for a dangerous 90 seconds inside of a Canadian nuclear reactor that had melted down. Much of the intensity and coldness that sometimes lay behind Carter’s smile came from Rickover. When his father died in 1953, Carter left the Navy and returned to Plains with Rosalynn, and their three young sons: Jack, Chip and Jeff. (Their daughter Amy was born 14 years later). He took over his father’s peanut warehouse and followed his example by assuming a huge array of civic commitments. A progressive on race but bystander to the civil rights movement, Carter was elected to the Georgia State Senate in 1962 only after it was discovered that a corrupt local boss had been stuffing the ballot boxes on behalf of his opponent. Carter specialized in education and read every bill in its entirety. After he lost a race for governor in 1966, he experienced a spiritual crisis and was born-again, an experience that led him to go door-to-door on Baptist missions in the North. He absorbed the work of theologian Reinhold Niebuhr, who wrote that “the sad duty of politics is to do justice in a sinful world.” In 1970, he won the governorship by running to the right with a rural populist campaign that wasn’t explicitly racist but included subtle appeals to segregationist voters. Carter immediately angered those voters when he said in his inaugural address that “the time for racial discrimination is over.” His lieutenant governor, the infamous Lester Maddox, was hardly alone in his opposition to Carter hanging a portrait of in the State Capitol. Many rural Georgians felt betrayed. Had Georgia law allowed Carter to seek reelection in 1974, he would have likely lost, despite reorganizing state government, improving education and saving rivers and other natural resources from developers. Carter was unimpressed by the 1972 Democratic presidential candidates he met when they passed through Georgia and decided to launch an improbable bid for the White House. His brother Billy, who ran a Plains gas station and became a celebrity before descending into self-parody and alcoholism, quipped: “I’ve got a mother who joined the Peace Corps and went to India when she was 68. I’ve got a sister who races motorcycles and another sister who’s a Holy Roller preacher. I’ve got a brother who says he wants to be President of the United States. I’m the only sane one in the family.” With the help of two young aides, Hamilton Jordan and Jody Powell, Carter’s 1976 campaign was brilliantly timed and executed. His outsider status, modesty (he often slept in the homes of supporters) and “I will never lie to you” message after Watergate proved a perfect match for an electorate that had lost faith in American institutions. Propelled out of Iowa and New Hampshire, Carter held off a late challenge from California Gov. Jerry Brown to win the nomination. Problems with the Democratic establishment that would haunt him later—and an interview with magazine in which he said —helped the ticket to blow a large lead and barely squeak past incumbent President Gerald Ford (who later became a good friend) in the general election. Carter started strong by stepping out of his limo on Inauguration Day and walking with his family partway down Pennsylvania Avenue—a new tradition symbolizing his openness. Soon after, he wore a sweater when giving a televised speech on the need for energy conservation, but the symbolism cut both ways and he was bedeviled by photographs of him collapsing from heat exhaustion while running a six-mile race and . The same post-Watergate mood that helped elect him led to especially harsh press coverage, with many reporters wrongly assuming he must be hiding scandals. As president, Carter revolutionized both the vice presidency and the office of first lady. After two centuries of presidents ignoring their vice presidents, Carter gave former vice president Walter Mondale major responsibilities in both domestic and foreign policy, though Mondale briefly threatened to quit over his opposition to the malaise speech. Carter listed Rosalynn—well-regarded by official Washington—first among his most trusted advisers, put her in charge of reforming mental health policy and dispatched her on a diplomatic mission to Latin America, even as he was criticized for letting her sit in on Cabinet meetings. With the help of an overwhelmingly Democratic Congress, Carter—showing impressive command of the issues—had no problem with gridlock and signed scores of important bills. But his non-ideological approach meant he had no reliable base to help him keep promises on tax and welfare reform, much less strike an agreement with Sen. Ted Kennedy for national health insurance. Some of his achievements were liberal: government job-creation; appointing more women judges than all of his predecessors combined (though women’s groups, who thought he wasn’t liberal enough, still attacked him) the establishment of the Departments of Education and Energy, as well as the Federal Emergency Management Agency; far-sighted support of alternative energy (reversed by Reagan, who took down the solar panels Carter put on the roof of the White House) and other efforts to achieve energy independence; toxic waste cleanup; mental health treatment (also reversed by Reagan) and the mammoth Alaska Lands bill, which along with other environmental initiatives made him the greatest conservation president since Theodore Roosevelt. Other policies were more conservative, like the deregulation of the airline, trucking and natural gas industries, and his efforts to balance the budget over the objections of liberal Democrats. Carter’s greatest legislative achievement was the 1978 Senate ratification of the , which led to the U.S. eventually handing over control of the Panama Canal to Panama. The treaties were hugely unpopular in polls, thanks in part to Reagan’s use of the issue when challenging Ford in the 1976 GOP primaries. Carter lobbied expertly, explaining that rejection would likely lead to a guerrilla war in Panama, and he convinced 16 Republicans to join Democrats for the two-thirds necessary for passage. Carter’s foreign policy was both visionary and hands-on. His emphasis on human rights, while unevenly applied, set a new global standard for how governments should treat their people. He also advanced the cause of freedom in Latin America, Africa and Eastern Europe. The highlight of his presidency came in September 1978 when he retreated for 13 days to Camp David with Egyptian President Anwar Sadat and Israeli Prime Minister Menachem Begin and used his often-maligned attention to detail to engineer an agreement. Many Israelis and American Jews, distrustful of Carter because of his long criticism of Israeli occupation of the West Bank, don’t acknowledge how much the durable Camp David Accords did to secure the Jewish State. After waging four wars in the first 25 years of Israel’s existence, the Egyptian army—the only force capable of destroying Israel—hasn’t fired on the state once in all the years since. In 1979, building on President Richard Nixon’s breakthrough, Carter hosted the Chinese leader Deng Xiaoping and together they normalized U.S.-Chinese relations, paving the way for huge changes in the global economy. Dealing with the Soviet Union was harder. After the Soviet Union invaded Afghanistan, Carter pulled the from the Senate floor (though its provisions continued to be abided by), imposed a grain embargo and boycotted the 1980 Summer Olympics in Moscow, none of which were particularly effective. More significant were secret aid to the mujahideen fighters in Afghanistan and Carter’s decision to accelerate the Pentagon’s development of stealth technology. Many of the weapons Reagan used to intimidate the Soviets—including the B-2 stealth bomber and the MX missile—were developed under Carter. As inflation surged into double digits, Carter’s presidency became an economic nightmare. In 1979, he appointed Paul Volcker as chairman of the Federal Reserve and Volcker’s harsh medicine—double-digit interest rates that decimated businesses and homeowners—tamed inflation but not until after Reagan took office. In the summer of 1979, gasoline shortages that grew out of OPEC price hikes and the Iranian revolution led to long, infuriating lines at the gas pump. Losing touch with the American public as well as the Washington political establishment, which often patronized him, Carter retreated to Camp David to consult a wide variety of Americans on why his administration was failing. In the thoughtful sermon-like televised address he delivered afterwards—dubbed though he never used that word—he confessed to leadership shortcomings and preached sacrifice and a need to confront what he called the nation’s “crisis of confidence.” He surged in the polls but plummeted two days later when—in arguably the worst decision of his presidency—he fired several Cabinet members. Resistant to sacrifice, the country was concluding that intelligence, integrity and mastery of the issues were not enough for presidential success. His willingness to make unpopular but necessary decisions went largely unappreciated at the time. That November, students loyal to the revolutionary Iranian regime of Ayatollah Khomeini seized 52 Americans from the U.S. embassy and held them hostage—retaliation for Carter allowing the deposed Shah of Iran to enter the U.S. for medical treatment. At first, Americans rallied around Carter and he won points for patiently working for the hostages’ release. He beat Ted Kennedy in early Democratic primaries and seemed a decent bet for reelection. As the crisis wore on in 1980, most other presidents would have taken some kind of military action against Iran, as Rosalynn Carter and National Security Adviser Zbigniew Brzezinski urged. But Carter believed the hostages would be immediately executed and the resulting war would lead to many American and Iranian deaths. Another option— downplaying the captivity— wasn’t viable in a pre-cable era when the most trusted man in America, Walter Cronkite, reminded viewers every night on the exactly how many days the hostages had been held. Ted Koppel’s , which was launched on ABC News during the period, also kept Americans riveted to the crisis. In April of 1980, Carter authorized a hostage rescue mission but three of the eight helicopters sent inside Iran malfunctioned in the desert. After the mission was aborted, a helicopter collided with a transport aircraft, killing eight servicemen. Carter blamed the fiasco for his crushing defeat to Reagan in the November election, though the economy, the candidacy of independent John Anderson and Reagan’s strong campaign were also major factors. Carter spent the last nights of his presidency napping in the Oval Office as he worked around the clock to successfully free the hostages. The Iranians released them just moments after Reagan took the oath on Jan. 20, 1981, the 444th day of their captivity. They were all alive and mostly healthy, though Republicans would long argue that the nation’s “honor” was bruised. After he left office, the Carters moved back to Plains and refused to take money for speeches or serve on corporate boards. Over time, Carter became the closest thing to a Renaissance Man of any president since Thomas Jefferson. He painted, built furniture, and wrote—poetry, fiction, history, memoirs and even self-help, 30 books in all. —including helping to build houses once a year—helped make it the largest not-for-profit homebuilder in the world. Since 1982, the Carter Center he built in Atlanta adjacent to his presidential library has focused on specific, solvable problems. Besides monitoring more than 100 elections around the world, it has reduced the incidence of guinea worm disease from 3.5 million cases in 21 countries to only a few dozen scattered cases today. Great progress is also underway in combating river blindness. By contrast, the Atlanta Project, an ambitious attempt to tackle poverty in the capital of his home state, flopped. Carter was often criticized for his willingness to meet with some of the worst human rights abusers and terrorists in the world, including the head of Hamas. He argued that he would meet with almost anyone if there was a chance for peace. In his later years, he and other retired world leaders joined a group of peacemakers formed by Nelson Mandela called “The Elders.” Carter’s biggest post-presidential diplomatic breakthroughs both came in 1994 when he convinced the founder of North Korea, Kim Il-sung, to begin to open up and to agree to peace talks with the Clinton Administration. The talks resulted in a deal that would have prevented North Korea from developing nuclear weapons, but it fell apart after a few months when Kim Il-Sung died. (He returned to North Korea in 2010 and brokered the release of American teacher , who had been arrested after crossing into North Korea illegally.) Also in 1994, President Bill Clinton sent Carter, Georgia Sen. Sam Nunn and Colin Powell (then a former chairman of the Joint Chiefs of Staff) to Haiti, where—under Carter’s direction— , thereby avoiding an imminent invasion by U.S. forces. But his diplomatic efforts also brought criticism Clinton was angry at Carter for locking in the Haiti deal on CNN without his authorization. In 1991, President George H.W. Bush, while grateful to Carter two years earlier for convincing Nicaraguan President Daniel Ortega to leave power peacefully after he lost an election, was furious at Carter for undermining his position on Saddam Hussein’s invasion of Kuwait by privately urging other members of the U.N Security Council to oppose the Gulf War. For his part, Carter occasionally took shots at all of his successors, who considered him difficult to handle. In later years, Carter continued to court controversy. He alienated some of his Jewish friends and supporters in 2006 by titling a book about the Middle East, , though a decade later even Ehud Barak, a former Israeli prime minister, was making the apartheid comparison. He quit the Southern Baptist Convention in 2000 over its literal interpretation of scripture, as well as its attitudes toward women, though he did continue to welcome visitors from all over the world to his Sunday School classes at the Maranatha Baptist Church in Plains. By the time of his death, Carter, who is the longest-lived president, had transcended the invective directed at him over the years. With a reappraisal of his presidency underway and his decency and selflessness praised across party lines, Carter secured a permanent place in the hearts of most Americans. His Very Best, Jimmy Carter, a LifePep Guardiola denies rumours of a rift with Kevin De Bruynehappy go lucky 。

'There will be good days and bad days': Limerick City TD Brian Leddin acknowledges he will not retain his seatMINNEAPOLIS -- Austen Cashman returned from Chicago to his Twin Cities roots for the holidays. Sunday was his 10th day back home. He was an early attendee along with family and friends for Sunday’s Vikings-Green Bay showdown in U.S. Bank Stadium. “We get here early in order to watch Blake work out on the field, and that’s also where the Vikings come out to be introduced,” Kory Thomas said. That would be Blake Cashman, former Eden Prairie High great, former Gophers standout, former much-injured New York Jet, former productive Houston Texan, and now an indispensable inside linebacker for the Vikings. Thomas is married to Blake’s mother, Corinne. Father Steve Cashman also was in the house with another collection of Vikings (and Blake) backers. “There probably will be 30 or 35 of us altogether,” Corinne Thomas said. Among those interested in getting a pregame look at Blake was Austen, his kid brother by one year. That is because during these 10 days in the Twin Cities he had spent no time with his brother. “I’ve been staying at the house and taking care of Blake’s dog, but I haven’t seen him,” Austen said. “Blake lets us all know ahead of time: There’s no Christmas involving him when there’s a game to be played, and especially a big game like this one against the Packers.” So go ahead and open gifts and drink a bit of eggnog, but Blake Cashman won’t be involved. He will be watching “tape” to get ready for Green Bay. “I can say this, and not because he’s my brother,” Austen said. “Blake is the most competitive person I know. He never stops — working out, preparing for a game." Considering the one year in age difference, were there a few tussles around the home? Corinne smiled at the question, and Austen offered this: “There were way too many of those. I wound up with a broken hand once when Blake decided I had done a terrible job vacuuming the basement.” Did this truly happen? “Yes, Blake and Austen got into it about doing the job right — owning your responsibilities and doing your best," Corinne said. ”Blake has been intense in everything he does. For him, 100 percent is the minimum." Which probably explains Cashman putting behind original walk-on status and three years of injuries with the Jets to become this valuable in his sixth season as an NFLer: The Vikings had their two-game losing streak to Detroit and the Los Angeles Rams in late October, and part of the explanation offered by coaches was that Cashman was missing with an injury. The reports from the Eagan complex were that Cashman was a playmaker, yes, but also vital in positioning others to make plays. Mike Grant, the Eden Prairie coaching legend, has found himself unsurprised by Cashman’s contribution to this phenomenal Vikings season — 14-2 after Sunday’s 27-25 victory over the Packers, twice the number anticipated preseason in sports books. Eden Prairie was rolling to four consecutive state titles (2011-14) as Cashman ended his high school career in 2014. The last of those came 28-27 against potent Totino-Grace, with Cashman moving to receiver to catch a 24-yard touchdown pass and then leading a charge to stop Grace’s try for a winning two-point conversion. “Blake might not like it when I say we had better athletes, more gifted players physically, but that’s true,” Grant said. “What he always did was make plays. He was a very good athlete, but most of all, he had a quick-twitch mind. “You see players that are in between, not out of the play, but not really in it. Blake Cashman ... for us, for the Gophers, and now the Vikings: He’s in the middle of the play.“ That was the case late Sunday afternoon and into the evening. The Packers put up the last 15 points, putting a dent in what had been a Vikings domination. Still, it was never really a nail-biter, and now the Vikings can go to Detroit next week and take the No. 1 seed in the NFC with a win over the Lions. Which without a doubt was the Christmas gift that Blake Cashman sought last week. All that preparation rather than holiday cheer? He led the Vikings with 11 tackles and was credited with 1.5 of the Vikings’ three sacks of Jordan Love. Pregame, it was a game for which the defense was announced, so family and friends were able to see Cashman run through the dragon’s smoke down below. Postgame, Blake was headed to the house, where everyone gathered would get to hug the game ball he was awarded after Sunday’s game, and brother Austen might also get a firm but not damaging handshake. ©2024 The Minnesota Star Tribune. Visit at startribune.com . Distributed by Tribune Content Agency, LLC.Robbins LLP Urges XRX Stockholders with Large Losses to Contact the Firm for information About ...

76ers’ Joel Embiid out for Friday’s NBA Cup game vs. NetsThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here . 24/7 San Diego news stream: Watch NBC 7 free wherever you are Martial law declared and lifted in South Korea South Korean President Yoon Suk Yeol declared early Wednesday morning he would lift emergency martial law after the National Assembly voted to overturn Yoon's decree issued late Tuesday night. Yoon has in recent weeks clashed with the opposition party over 2025's budget. A coalition of lawmakers from opposition parties are reportedly planning to propose a bill to impeach Yoon on Wednesday. South Korean markets roiling South Korean markets opened lower on Wednesday as investors digested the political turmoil. The Kospi lost around 1.6% as South Korean heavyweight stocks like Samsung Electronics, Hyundai Motor and Korea Gas Corporation stumbled. The won rebounded from earlier steep losses — it plunged to a two-year low against the U.S. dollar — but still ended the day lower against the greenback. Emergency measures by BOK In the morning after Yoon's shocking move, the Bank of Korea said it would boost short-term liquidity and offer special loans to stabilize the country's financial and foreign exchange markets, as necessary. However, the impact on markets might be "short-lived," wrote Citi analysts in a note, if there is "proactive policy response." Mixed markets U.S. markets were mixed on Tuesday . The S&P 500 was flat, the Dow Jones Industrial Average fell but the Nasdaq Composite rose. Asia-Pacific markets also traded mixed on Wednesday . Australia's S&P/ASX 200 lost 0.38% as the country's statistics agency reported that gross domestic product grew a slower-than-expected 0.3% in the three months through September. [PRO] Opportunities amid France's political chaos South Korea aside, France is also facing its own political chaos, as the country's lawmakers tabled a vote of no-confidence against the government of Prime Minister Michel Barnier. That political uncertainty is reverberating through financial markets, giving rise to trading opportunities . Money Report European markets head for mixed open with all eyes on French confidence vote Kospi heavyweight stocks fall in volatile trade after President Yoon's martial law flip-flop December may have triggered the thawing of Mariah Carey, but stocks are beginning the month chilly. The S&P 500 was essentially flat and the Dow Jones Industrial Average dropped 0.17%. The Nasdaq Composite , however, managed to climb 0.4%, thanks to Apple rising 1.3% for a new 52-week high. It's unlikely that stocks will remain in permafrost this month. December's historically the third-best month of the year , according to the Stock Trader's Almanac. The stock market may falter a little at the start of December, writes CNBC's Bob Pisani, because of tax loss selling – a phenomenon in which investors sell assets that are making a loss to reduce the tax burden on other assets making capital gains. But stocks tend to regain forward momentum as the year wraps up. "These strong returns are historically often back-end loaded," said George Smith, portfolio strategist at LPL Financial. Moreover, in presidential election years, December typically moves up one notch to become the second-best month for stocks. As Ken Mahoney, CEO of Mahoney Asset Management, noted, "When the market is up 10% or more with a newly elected President, it has never gone down in the month of December." Also, investors are likely awaiting the U.S. jobs report for November, out this Friday, before making any major moves. The numbers will be the U.S. Federal Reserve's last look at the labor market before their rate-setting meeting from December 17 to 18. The markets are currently pricing in a 73.8% chance the Fed will lower rates by 25 basis points at that meeting, a more optimistic bet than the 59.4% last week, according to the CME FedWatch tool . If the Fed does cut rates, that incision will probably scrape off any lingering frostbite on the stock market as well, in time for them to hear sleigh bells ringing. — CNBC's Bob Pisani, Sarah Min, Hakyung Kim, Sean Conlon, Lisa Kailai Han and Alex Harring contributed to this report. Also on CNBC U.S. stocks began December chilly, but will probably warm up soon Investors are filled with the festive spirit Investors are filled with the holiday spirit

NoneWEST PALM BEACH, Fla. (AP) — President-elect Donald Trump said Saturday that he wants real estate developer Charles Kushner , father of Trump’s son-in-law Jared Kushner, to serve as ambassador to France. Trump made the announcement in a Truth Social post, calling Charles Kushner “a tremendous business leader, philanthropist, & dealmaker." Kushner is the founder of Kushner Companies, a real estate firm. Jared Kushner is a former senior Trump adviser who is married to Trump’s eldest daughter, Ivanka. The elder Kushner was pardoned by Trump in December 2020 after pleading guilty years earlier to tax evasion and making illegal campaign donations. Prosecutors alleged that after Charles Kushner discovered his brother-in-law was cooperating with federal authorities in an investigation, he hatched a scheme for revenge and intimidation. Kushner hired a prostitute to lure his brother-in-law, then arranged to have the encounter in a New Jersey motel room recorded with a hidden camera and the recording sent to his own sister, the man’s wife, prosecutors said. Kushner eventually pleaded guilty to 18 counts including tax evasion and witness tampering. He was sentenced in 2005 to two years in prison — the most he could receive under a plea deal, but less than what Chris Christie, the U.S. attorney for New Jersey at the time and later governor and Republican presidential candidate, had sought. Christie has blamed Jared Kushner for his firing from Trump’s transition team in 2016, and has called Charles Kushner’s offenses “one of the most loathsome, disgusting crimes that I prosecuted when I was U.S. attorney.” Trump and the elder Kushner knew each other from real estate circles and their children were married in 2009. Tucker reported from Newtown, Pennsylvania.

Qualys chief legal officer Bruce Posey sells $1.32 million in stockJosh Hubbard scored 25 points and Claudell Harris Jr. scored 21 on 6-of-9 shooting as Mississippi State escaped with a 91-84 win against Prairie View A&M on Sunday in Starkville, Miss. Prairie View A&M took a 65-64 lead with 10:38 remaining, but Hubbard and Harris Jr. each scored seven points to power the ensuing 14-1 run that put Mississippi State up for good. Hubbard punctuated the rally with a 3-pointer that made it 78-66 with 5:51 to play. The Bulldogs (8-1) stretched their lead to as many as 13 points in the closing minutes to notch their second straight win. Shawn Jones Jr. added 11 points for Mississippi State, while Michael Nwoko added 10 points and 10 rebounds. RJ Melendez also netted 10 points. The Panthers (1-8) were led by the trio of Nick Anderson (21 points) Tanahj Pettway (20) and Marcel Bryant (19). Pettway drilled 4 of 5 3-pointers and Bryant grabbed seven rebounds. Prairie View A&M got off to a hot start, opening up a 27-12 lead with 10:42 left in the first half. It was a surprising haymaker from the visitors, who entered the game winless in Division I play and faced a Bulldogs team that was ranked last week. Mississippi State eventually found its stride offensively, turning things around with a 32-17 run to tie the game at 44 entering halftime. The Bulldogs shot 50 percent from the field overall in the first half, but only made six of their 17 attempts from 3-point range (35.3 percent). Their defense remained an issue throughout the half, with the Panthers hitting 16 of their 27 shots (59.3 percent) and canning 5 of 8 3-pointers. Neither team led by more than five early in the second half until Mississippi State pulled away. The Bulldogs finished the game shooting 55.6 percent from the floor (30-of-54) and drilled 11 of 26 attempts (42.3 percent) from long range. They outrebounded Prairie View A&M 35-22 and outscored them 31-20 in bench points. The Panthers held a 34-32 advantage in points in the paint and shot 56.4 percent overall for the game, including 52.6 percent (10-of-19) on threes. --Field Level MediaJosh Hubbard scored 25 points and Claudell Harris Jr. scored 21 on 6-of-9 shooting as Mississippi State escaped with a 91-84 win against Prairie View A&M on Sunday in Starkville, Miss. Prairie View A&M took a 65-64 lead with 10:38 remaining, but Hubbard and Harris Jr. each scored seven points to power the ensuing 14-1 run that put Mississippi State up for good. Hubbard punctuated the rally with a 3-pointer that made it 78-66 with 5:51 to play. The Bulldogs (8-1) stretched their lead to as many as 13 points in the closing minutes to notch their second straight win. Shawn Jones Jr. added 11 points for Mississippi State, while Michael Nwoko added 10 points and 10 rebounds. RJ Melendez also netted 10 points. The Panthers (1-8) were led by the trio of Nick Anderson (21 points) Tanahj Pettway (20) and Marcel Bryant (19). Pettway drilled 4 of 5 3-pointers and Bryant grabbed seven rebounds. Prairie View A&M got off to a hot start, opening up a 27-12 lead with 10:42 left in the first half. It was a surprising haymaker from the visitors, who entered the game winless in Division I play and faced a Bulldogs team that was ranked last week. Mississippi State eventually found its stride offensively, turning things around with a 32-17 run to tie the game at 44 entering halftime. The Bulldogs shot 50 percent from the field overall in the first half, but only made six of their 17 attempts from 3-point range (35.3 percent). Their defense remained an issue throughout the half, with the Panthers hitting 16 of their 27 shots (59.3 percent) and canning 5 of 8 3-pointers. Neither team led by more than five early in the second half until Mississippi State pulled away. The Bulldogs finished the game shooting 55.6 percent from the floor (30-of-54) and drilled 11 of 26 attempts (42.3 percent) from long range. They outrebounded Prairie View A&M 35-22 and outscored them 31-20 in bench points. The Panthers held a 34-32 advantage in points in the paint and shot 56.4 percent overall for the game, including 52.6 percent (10-of-19) on threes. --Field Level MediaOusted Syrian leader Assad flees to Moscow after fall of Damascus, Russian state media say DAMASCUS, Syria (AP) — Russia media say ousted Syrian leader Bashar Assad has fled to Moscow and received asylum from his longtime ally. The reports came hours after a stunning rebel advance swept into Damascus to cheers and ended the Assad family’s 50 years of iron rule. Thousands of Syrians poured into streets echoing with celebratory gunfire, joyful after a stifling, nearly 14-year civil war. But the swiftly moving events raised questions about the future of the country and the wider region. The rebels face the daunting task of healing bitter divisions in a country still split among armed factions. One rebel commander said “we will not deal with people the way the Assad family did." The fall of Bashar Assad after 13 years of war in Syria brings to an end a decades-long dynasty BEIRUT (AP) — Syrian President Bashar Assad has fled the country. Assad’s departure on Sunday brings to a dramatic close his nearly 14-year struggle to hold onto power in a brutal civil war that became a proxy battlefield for regional and international powers. Assad’s exit stood in stark contrast to his first months as Syria’s unlikely president in 2000, when many hoped he would be a young reformer after three decades of his father’s iron grip. But faced with protests of his rule that erupted in March 2011, Assad turned to his father's brutal tactics to crush dissent. A long stalemate was quickly broken when opposition groups in northwest Syria launched a surprise offensive late last month. Who is Abu Mohammed al-Golani, the leader of the insurgency that toppled Syria's Assad? BEIRUT (AP) — Abu Mohammed al-Golani, the militant leader who led the stunning insurgency that toppled Syria’s President Bashar Assad, has spent years working to remake his public image and that of his fighters. He renounced longtime ties to al-Qaida and depicts himself as a champion of pluralism and tolerance. The extent of that transformation from jihadi extremist to would-be state builder is now put to the test. The 42-year-old al-Golani is labeled a terrorist by the United States. He has not appeared publicly since Damascus fell early Sunday. But he and his insurgent force, Hayat Tahrir al-Sham, stand to be a major player in whatever comes next. Trump says he can't guarantee tariffs won't raise US prices and won't rule out revenge prosecutions WASHINGTON (AP) — Donald Trump says he can’t guarantee his promised tariffs on key U.S. foreign trade partners won’t raise prices for American consumers. And he's suggesting once more that some political rivals and federal officials who pursued legal cases against him should be imprisoned. The president-elect made the comments in a wide-ranging interview with NBC’s “Meet the Press” that aired Sunday. He also touched on monetary policy, immigration, abortion and health care, and U.S. involvement in Ukraine, Israel and elsewhere. Trump often mixed declarative statements with caveats, at one point cautioning “things do change.” The hunt for UnitedHealthcare CEO's elusive killer yields new evidence, but few answers NEW YORK (AP) — Police don’t know who he is, where he is, or why he did it. As the frustrating search for UnitedHealthcare CEO Brian Thompson’s killer got underway for a fifth day Sunday, investigators reckoned with a tantalizing contradiction: They have troves of evidence, but the shooter remains an enigma. One conclusion they are confident of, however: It was a targeted attack, not a random one. On Sunday morning, police declined to comment on the contents of a backpack found in Central Park that they believe was carried by the killer. Thompson was shot and killed Wednesday outside of a hotel in Manhattan. Trump calls for immediate ceasefire in Ukraine and says a US withdrawal from NATO is possible WASHINGTON (AP) — Donald Trump is pushing Russian leader Vladimir Putin to act to reach an immediate ceasefire with Ukraine. Trump describes it as part of his active efforts as president-elect to end the war despite being weeks from taking office. Trump also said he would be open to reducing military aid to Ukraine and pulling the United States out of NATO. Those are two threats that have alarmed Ukraine, NATO allies and many in the U.S. national security community. Ukrainian President Volodymyr Zelenskyy says any deal would have to pave the way to a lasting peace. The Kremlin's spokesman says Moscow is open to talks with Ukraine. Gaza health officials say latest Israeli airstrikes kill at least 14 including children DEIR AL BALAH, Gaza Strip (AP) — Palestinian health officials say Israeli airstrikes in central Gaza have killed at least 14 people including children, while the bombing of a hospital in northern Gaza has wounded a half-dozen patients. Israel’s military continues its latest offensive against Hamas militants in northern Gaza, whose remaining Palestinians have been almost completely cut off from the rest of the territory amid a growing humanitarian crisis. One airstrike flattened a residential building in the urban Bureij refugee camp Sunday afternoon. That's according to the Al-Aqsa Martyrs Hospital in the nearby city of Deir al-Balah, where the casualties were taken. South Korea's democracy held after a 6-hour power play. What does it say for democracies elsewhere? SEOUL, South Korea (AP) — A short-lived martial law decree by South Korea's leader last week raised worries about budding authoritarianism around the world. In the end, though, democracy prevailed. President Yoon Suk Yeol announced that he was declaring martial law and giving his government sweeping powers to crack down on protesters, ban political parties and control the media. Members of the military blocked lawmakers from using the legislature's constitutional power to cancel the power grab. But the National Assembly within hours unanimously voted to do so. Trump's return may be a boon for Netanyahu, but challenges abound in a changed Middle East TEL AVIV, Israel (AP) — Israeli Prime Minister Benjamin Netanyahu is jubilant about President-elect Donald Trump's return to the White House. Trump's first term policies skewed heavily in favor of Israel, and he has picked stalwart Israel supporters for key positions in his administration. But much has transpired since Trump left office in early 2021. The turmoil in the Middle East, the lofty ambitions of Netanyahu’s far-right governing coalition and Netanyahu’s own personal relationship with the president-elect could dampen that enthusiasm and complicate what on the surface looks like a seamless alliance. First 12-team College Football Playoff set, Oregon seeded No. 1 and SMU edges Alabama for last spot SMU captured the last open spot in the 12-team College Football Playoff, bumping Alabama to land in a bracket that placed undefeated Oregon at No. 1. The selection committee preferred the Mustangs (11-2), losers of a heartbreaker in the Atlantic Coast Conference title game, who had a far less difficult schedule than Alabama (9-3) of the SEC but one fewer loss. The first-of-its-kind 12-team bracket marks a new era for college football, though the Alabama-SMU debate made clear there is no perfect formula. The tournament starts Dec. 20-21 with four first-round games. It concludes Jan. 20 with the national title game in Atlanta.

MINNEAPOLIS -- Austen Cashman returned from Chicago to his Twin Cities roots for the holidays. Sunday was his 10th day back home. He was an early attendee along with family and friends for Sunday’s Vikings-Green Bay showdown in U.S. Bank Stadium. “We get here early in order to watch Blake work out on the field, and that’s also where the Vikings come out to be introduced,” Kory Thomas said. That would be Blake Cashman, former Eden Prairie High great, former Gophers standout, former much-injured New York Jet, former productive Houston Texan, and now an indispensable inside linebacker for the Vikings. Thomas is married to Blake’s mother, Corinne. Father Steve Cashman also was in the house with another collection of Vikings (and Blake) backers. “There probably will be 30 or 35 of us altogether,” Corinne Thomas said. Among those interested in getting a pregame look at Blake was Austen, his kid brother by one year. That is because during these 10 days in the Twin Cities he had spent no time with his brother. “I’ve been staying at the house and taking care of Blake’s dog, but I haven’t seen him,” Austen said. “Blake lets us all know ahead of time: There’s no Christmas involving him when there’s a game to be played, and especially a big game like this one against the Packers.” So go ahead and open gifts and drink a bit of eggnog, but Blake Cashman won’t be involved. He will be watching “tape” to get ready for Green Bay. “I can say this, and not because he’s my brother,” Austen said. “Blake is the most competitive person I know. He never stops — working out, preparing for a game." Considering the one year in age difference, were there a few tussles around the home? Corinne smiled at the question, and Austen offered this: “There were way too many of those. I wound up with a broken hand once when Blake decided I had done a terrible job vacuuming the basement.” Did this truly happen? “Yes, Blake and Austen got into it about doing the job right — owning your responsibilities and doing your best," Corinne said. ”Blake has been intense in everything he does. For him, 100 percent is the minimum." Which probably explains Cashman putting behind original walk-on status and three years of injuries with the Jets to become this valuable in his sixth season as an NFLer: The Vikings had their two-game losing streak to Detroit and the Los Angeles Rams in late October, and part of the explanation offered by coaches was that Cashman was missing with an injury. The reports from the Eagan complex were that Cashman was a playmaker, yes, but also vital in positioning others to make plays. Mike Grant, the Eden Prairie coaching legend, has found himself unsurprised by Cashman’s contribution to this phenomenal Vikings season — 14-2 after Sunday’s 27-25 victory over the Packers, twice the number anticipated preseason in sports books. Eden Prairie was rolling to four consecutive state titles (2011-14) as Cashman ended his high school career in 2014. The last of those came 28-27 against potent Totino-Grace, with Cashman moving to receiver to catch a 24-yard touchdown pass and then leading a charge to stop Grace’s try for a winning two-point conversion. “Blake might not like it when I say we had better athletes, more gifted players physically, but that’s true,” Grant said. “What he always did was make plays. He was a very good athlete, but most of all, he had a quick-twitch mind. “You see players that are in between, not out of the play, but not really in it. Blake Cashman ... for us, for the Gophers, and now the Vikings: He’s in the middle of the play.“ That was the case late Sunday afternoon and into the evening. The Packers put up the last 15 points, putting a dent in what had been a Vikings domination. Still, it was never really a nail-biter, and now the Vikings can go to Detroit next week and take the No. 1 seed in the NFC with a win over the Lions. Which without a doubt was the Christmas gift that Blake Cashman sought last week. All that preparation rather than holiday cheer? He led the Vikings with 11 tackles and was credited with 1.5 of the Vikings’ three sacks of Jordan Love. Pregame, it was a game for which the defense was announced, so family and friends were able to see Cashman run through the dragon’s smoke down below. Postgame, Blake was headed to the house, where everyone gathered would get to hug the game ball he was awarded after Sunday’s game, and brother Austen might also get a firm but not damaging handshake. ©2024 The Minnesota Star Tribune. Visit at startribune.com . Distributed by Tribune Content Agency, LLC.The latest Liverpool news as last season's Champions have won just one of their last 13 games in all competitions. Former Liverpool striker Michael Owen has criticised Manchester City fans for their reaction to the draw against Everton . Pep Guardiola’s side dropped yet more points in the Premier League title race on Boxing Day with a 1-1 home draw against the Toffees. Bernardo Silva had given Man City the lead in the 14th minute, but the team were pegged back before haf time thanks to Iliman Ndiaye’s strike in the 36th minute. Guardiola’s side did have the chance to take the lead again in the second half, but Erling Haaland saw his penalty saved by Jordan Pickford. The result leaves Man City in seventh place in the Premier League table, and with just one win in their last 13 games in all competitions. They are 11 points behind leaders Liverpool, ahead of the Reds’ clash against Leicester City at 8pm. At the full-time whistle, the result was prompted by audible boos from the home fans. That reaction has not gone down well with Owen, who took to social media to send a message. “Wow! @ManCity fans booing their team off at the end.” he wrote on X. “Years and years of incredible success witnessing some of the best football the world has ever seen. And when the team needs them most.......” Man City are next in action on Sunday afternoon when they travel to Leicester to take on Ruud van Nistelrooy’s side at the King Power Stadium. A win against the same opponents for Liverpool will move them 14 points clear of the reigning champions. Other Boxing Day results also mean that a win will increase Arne Slot’s team’s lead at the top of the Premier League table. Second placed Chelsea suffered a late defeat against Fulham, while Arsenal are not in action until Friday night when they take on Ipswich at the Emirates Stadium.Foldable iPhone may have next-gen tech we’ve never seen on any rival devices

Steady leadership, unmatched wisdom: India’s sports community mourns Dr Singh’s demise

Limited again, 49ers QB Brock Purdy still fighting sore shoulder

NETA NATTER | KTR EYES ‘JAIL ROUTE’ FOR TOP JOBOutdoor Recreation Market Overview and Leading Players: Johnson Outdoors, Black Diamond Equipment, Amer Sports, ExOfficio, Garmin, The North Face, Salomon, VF Corporation 12-08-2024 10:57 PM CET | Leisure, Entertainment, Miscellaneous Press release from: STATS N DATA The Outdoor Recreation Market continues to capture the imagination of both enthusiasts and investors alike, showcasing its relevance and expansive scope. This dynamic market encompasses a myriad of activities from camping and hiking to fishing, hunting, and cycling, each contributing to a robust ecosystem driven by passion for the outdoors. The growing consumer awareness around health, environmental sustainability, and the need for leisure activities in a fast-paced world has catalyzed remarkable growth in this sector. Recent developments within the Outdoor Recreation Market highlight a range of factors propelling its expansion. Technological advancements have played a pivotal role, with innovations in gear and equipment enhancing user experience and safety. Moreover, strategic collaborations among industry leaders have paved the way for new product launches and market penetration strategies, further solidifying the market's growth trajectory. You can access a sample PDF report here: https://www.statsndata.org/download-sample.php?id=377400 Key Growth Drivers and Trends Several critical factors are influencing the demand for outdoor recreation activities. Sustainability has emerged as a significant driver, with consumers increasingly favoring eco-friendly products and practices. This shift is prompting companies to innovate in ways that minimize environmental impact while maximizing user satisfaction. The trend toward digitization is equally influential, as consumers turn to online platforms for purchasing outdoor gear and planning their adventures. Consumer awareness around health and well-being has also led to a surge in participation in outdoor activities. As more individuals seek to balance their busy lives with physical activity, the appeal of outdoor recreational pursuits has grown exponentially. Additionally, the integration of artificial intelligence is reshaping how consumers interact with outdoor brands, offering personalized experiences and recommendations based on individual preferences. Emerging technologies are further transforming the landscape, with advancements in materials science leading to the development of lighter, more durable equipment. Companies are increasingly focusing on product customization, allowing consumers to tailor gear to their specific needs, enhancing user satisfaction and loyalty. Market Segmentation The Outdoor Recreation Market can be segmented into several categories, each showcasing unique characteristics and consumer demographics: - By Type: - Camping - Hiking - Fishing - Hunting - Cycling - By Application: - Adventure Tourism - Sports and Games - Fitness and Exercise - Leisure and Entertainment - By Equipment: - Camping Gear - Hiking Gear - Fishing Gear - Hunting Gear - Cycling Equipment - By End User: - Adults - Children - Senior Citizens - By Distribution Channel: - Online Retail - Offline Retail - Specialty Stores - Hypermarkets/Supermarkets - Others Each segment presents unique opportunities and challenges, ranging from the specific preferences of different age groups to the evolving landscape of retail channels. Get 30% Discount On Full Report: https://www.statsndata.org/ask-for-discount.php?id=377400 Competitive Landscape The Outdoor Recreation Market is characterized by a competitive landscape featuring several influential companies that play a significant role in shaping trends and driving innovation. Key players include: - Johnson Outdoors: Known for its innovative camping and fishing gear, Johnson Outdoors continually invests in product development to enhance user experience. - Black Diamond Equipment: A leader in climbing and skiing gear, Black Diamond is recognized for its commitment to quality and performance. - Amer Sports: This company encompasses several well-known brands, including Salomon and Arc'teryx, focusing on performance-driven outdoor apparel and equipment. - ExOfficio: Specializing in travel apparel, ExOfficio emphasizes comfort and functionality, appealing to adventure travelers. - Garmin: Renowned for its GPS technology, Garmin integrates advanced navigation tools into outdoor activities, enhancing safety and experience. - The North Face: A household name in outdoor gear, The North Face is committed to sustainability and innovative design in its products. - Salomon: Focusing on skiing, hiking, and trail running, Salomon is synonymous with high-performance outdoor equipment. - VF Corporation: This conglomerate owns several outdoor brands, including The North Face and Vans, promoting a diverse portfolio. - Columbia PFG: Columbia's PFG line is tailored for fishing enthusiasts, showcasing innovative designs and materials. - Merrell: Specializing in footwear, Merrell is recognized for its durable and comfortable hiking shoes. - Newell Brands: This company offers a wide range of outdoor products, emphasizing functionality and design. - Coleman: Known for camping gear, Coleman has been a trusted name in outdoor recreation for generations. - Thule Group: A leader in outdoor transport solutions, Thule focuses on practicality and style in its product offerings. - Wolverine World Wide: This company offers a variety of outdoor footwear brands, balancing style with performance. - Yeti: Known for high-quality coolers and drinkware, Yeti has become a favorite among outdoor enthusiasts. - Osprey: Specializing in backpacks, Osprey is committed to creating innovative and comfortable gear for adventurers. - Arc'teryx: A brand synonymous with high-performance gear, Arc'teryx emphasizes quality and technical innovation. - Big Agnes: This company focuses on camping gear, offering a range of products designed for comfort and functionality. - REI Co-op: As a retailer, REI champions outdoor recreation, offering quality gear while promoting sustainability. - Patagonia: Renowned for its commitment to environmental sustainability, Patagonia is a leader in eco-friendly outdoor clothing. - Marmot: Known for its high-quality jackets and gear, Marmot emphasizes performance and durability. - Gerber Gear: Specializing in knives and tools, Gerber is essential for many outdoor enthusiasts. - Columbia Sportswear: A major player in outdoor apparel, Columbia focuses on functional designs for various outdoor activities. - Mammut: This company is known for its climbing gear, emphasizing safety and performance. - Jack Wolfskin: Based in Germany, Jack Wolfskin is recognized for its outdoor clothing and equipment, appealing to a global audience. Each of these companies contributes to the market by investing in product innovation, expanding their market reach, and forming strategic partnerships to enhance their offerings. Opportunities and Challenges The Outdoor Recreation Market presents a wealth of opportunities, particularly in untapped regions where outdoor activities are gaining traction. As urban populations continue to grow, more individuals are seeking escapes to nature, leading to increased demand for outdoor recreational products and services. Evolving consumer preferences, such as a heightened interest in wellness and sustainability, further amplify these opportunities for growth. However, challenges persist in the form of regulatory constraints, which can affect product availability and market entry strategies. Additionally, operational inefficiencies and talent shortages pose significant hurdles for companies looking to expand. To navigate these challenges, businesses must adopt innovative solutions, streamline operations, and invest in workforce development to attract and retain top talent. Technological Advancements Cutting-edge technologies are significantly impacting the Outdoor Recreation Market. Artificial intelligence is being integrated into various aspects of the industry, from personalized shopping experiences to advanced analytics that help companies understand consumer behavior better. The rise of virtual tools and applications is transforming how outdoor enthusiasts plan their adventures, providing them with real-time information about trails, weather conditions, and safety tips. IoT-driven systems are enhancing product functionality, enabling smart gear that can track performance metrics and provide users with valuable insights. As technology continues to evolve, the Outdoor Recreation Market is poised to embrace these advancements, creating new opportunities for engagement and innovation that will shape the future of outdoor activities. Research Methodology and Insights At STATS N DATA, our research methodology employs both top-down and bottom-up approaches to ensure a comprehensive understanding of the Outdoor Recreation Market. We utilize primary and secondary research techniques, gathering data from industry experts, market reports, and consumer surveys. Our triangulation method further enhances the accuracy of our insights, allowing us to provide stakeholders with reliable information that drives strategic decision-making. By analyzing market trends, consumer behavior, and competitive dynamics, we position ourselves as a trusted authority in the Outdoor Recreation Market. With the Outdoor Recreation Market on the rise, driven by innovation, sustainability, and a passion for adventure, STATS N DATA is committed to providing unmatched insights that empower businesses to thrive in this vibrant landscape. For customization requests, please visit: https://www.statsndata.org/request-customization.php?id=377400 https://www.statsndata.org/report/outdoor-recreation-market-377400 John Jones Sales & Marketing Head | Stats N Data Phone: +1 (315) 642-4324 Email: sales@statsndata.org Website: www.statsndata.org STATS N DATA is a trusted provider of industry intelligence and market research, delivering actionable insights to businesses across diverse sectors. We specialize in helping organizations navigate complex markets with advanced analytics, detailed market segmentation, and strategic guidance. Our expertise spans industries including technology, healthcare, telecommunications, energy, food & beverages, and more. Committed to accuracy and innovation, we provide tailored reports that empower clients to make informed decisions, identify emerging opportunities, and achieve sustainable growth. Our team of skilled analysts leverages cutting-edge methodologies to ensure every report addresses the unique challenges of our clients. At STATS N DATA, we transform data into knowledge and insights into success. Partner with us to gain a competitive edge in today's fast-paced business environment. For more information, visit https://www.statsndata.org or contact us today at sales@statsndata.org This release was published on openPR.

The largest intergenerational wealth transfer in US history is about to take place — though the vast majority of Americans are unlikely to inherit much money at all. About $US105 trillion ($164 trillion) is projected to be passed down from older generations over the next quarter century, according to research firm Cerulli Associates, an amount roughly equal to global gross domestic product in 2023. Rising stock markets and home prices, as well as inflation, have fattened the estates that members of the baby boom generation are expected to leave their heirs. Credit: Glenn Hunt Rising stock markets and home prices, as well as inflation, have fattened the estates that members of the baby boom generation, born between 1946 and 1964, are expected to leave their heirs. The latest inheritance projection by Cerulli is 45 per cent higher than the 25-year forecast the firm made only three years ago. US gifts and inheritances are expected to total $US2.5 trillion next year alone. “About 80 per cent of the wealth held today is going to be in motion,” Chayce Horton, the lead author of the Cerulli report, said in an interview. “The ratio of wealth expected to be changing hands in the next 25 years is significant, and much greater than what we even saw a decade ago.” Yet even as the assets of millions of ageing Americans are passed on, the share of the US population that will benefit from inherited money has remained static, a sign of how accumulating family wealth has become more concentrated among the most affluent households. At the same time, money passed down from one generation to another accounts for a growing share of the overall wealth of heirs, rising relative to income from work or investments. Inherited money represented about a quarter of the net worth of households that received it, a Bloomberg analysis of the Federal Reserve’s 2022 Survey of Consumer Finances found, up from roughly 10 per cent in the late 1990s. “We’re becoming less of an economy that promotes entrepreneurship and production and more of an economy focused on inheritance and dynasty,” said Chuck Collins, Director of the Program on Inequality and the Common Good at the Institute for Policy Studies. Collins, whose great-grandfather founded the hot dog and lunchmeat maker Oscar Mayer, gave up his inheritance when he was in his twenties. He is now a member of the Patriotic Millionaires, a nonprofit group of affluent Americans that pushes for the wealthy to pay higher tax rates. Receiving any funds from a deceased family member remains the exception in the US, not the rule. Just one in five American households have received a substantial gift, trust or inheritance in recent decades, according to Bloomberg’s analysis. Inherited wealth is expected to become increasingly concentrated among the most affluent, according to Cerulli. The firm estimates that more than half of the wealth transferred between generations through 2048 will come from households with at least $US5 million in investible assets. Only about 2 per cent of US households meet that threshold. The share of the US population that will benefit from inherited money has remained static, a sign of how accumulating family wealth has become more concentrated among the most affluent households. Credit: Bloomberg The figures lend support to an idea that has long had currency among economists but that has been difficult to confirm — that the share of overall wealth derived from inheritance is far higher than it appears. A 2017 paper argued that inherited money had accounted for more than half of total wealth in the US and Europe since the 1990s, and that “self-reported inheritance flows are implausibly low.” “Inheritance is still the most important factor in terms of wealth concentration,” said Kaushik Basu, professor of economics at Cornell University and former chief economist at the World Bank. The trillions of dollars set to be passed on in coming years could create more social mobility for younger generations, even though its greater concentration among the wealthiest Americans is likely to create more obstacles for lower-income households and exacerbate inequality. “Markets may still flourish, and overall economic growth may continue, but the polarisation between the born-poor and born-rich will become more acute,” Basu said. He added that many of the economic advantages of family wealth are conferred indirectly, through access to education and other opportunities. As more members of the massive baby boom generation die, the annual rate at which wealth is being passed on is expected to increase until the end of the decade. Millennials, born between 1981 and 1996, are expected to inherit more than $US45 trillion by 2048, including some $US3.9 trillion that year alone. Generation X, sandwiched between the baby boomers and millennials, will see their annual inheritance levels peak in 2038 at just shy of $US2 trillion, according to Cerulli. ‘Markets may still flourish, and overall economic growth may continue, but the polarisation between the born-poor and born-rich will become more acute.’ Wealth isn’t only cascading down to younger generations, it also is moving sideways. Before reaching younger heirs, inheritances are often transferred to surviving spouses and partners. Since women tend to outlive men, they are expected to receive a large share of the fortunes being passed on. “A significant amount of the wealth that is held today is believed to be controlled by men,” said Cerulli’s Horton. As those men die, “we expect that wealth to be much more equitably distributed on a gender basis.” Cerulli estimates that women will inherit nearly half of the total projected value of inheritances over the next 25 years. US tax policy has made it easier for wealthy heirs to hang on to more of the money they inherit. President-elect Donald Trump wants to extend part of his 2017 tax-cut package that doubled the estate-tax exemption from $US5.49 million to $US11.18 million. For many older Americans, money handed down from previous generations has shaped their own planning. Alan Jewett, a 75-year-old retiree in Delaware, and his wife received an inheritance of nearly $US3 million from her childless aunts in 2014, after the couple had already put both their children through college and bought a home. “Having money changes the way you look at things in the sense that it gives you and your family a feeling of security,” Jewett said. He and his wife gave part of the inheritance to their kids and set up an irrevocable trust for their three young grandchildren. Some heirs say they have used inherited money to prepare for their own health and elder-care expenses. Lee Robin Gebhardt, a 63-year-old wine seller living in Putnam County, New York, said she invested a $US150,000 retirement account that she received from her father, who died in 2020, in her long-term care. Gebhardt, who plans to work for at least another two years, has enough money put away to last her until she’s 110. “That will take some pressure off my children,” she said. Other relatively wealthy baby boomers have decided to pass on some of their wealth while they’re still able to see its effects for themselves. “I’ve seen an increasing focus on ‘giving while living,’ where people provide for their family’s needs during their lifetime,” said Jared Jones, senior advisor at Omega Wealth Management. “There’s definitely a big focus on not waiting until one passes away to help and witness the benefits of the wealth from the family.” Bloomberg The Business Briefing newsletter delivers major stories, exclusive coverage and expert opinion. Sign up to get it every weekday morning .Arab League urges Iran not to fuel ‘strife’ in Syria