ISTANBUL Paris Basketball grabbed their seventh consecutive victory and eighth overall by downing Anadolu Efes 93-84 on the road in Round 11 of the Turkish Airlines EuroLeague on Thursday. Paris Basketball's TJ Shorts, who was the highest score of the game, led the winners with 21 points and 10 assists at the Basketball Development Center in Istanbul. "Every time I step onto the basketball court, it's a blessing, and I will never take that for granted," Shorts told EuroLeague in a post-game interview. "We are just taking it game by game. Nobody is thinking about this streak that we are on. We are just trying to continue to play good basketball, play the basketball that we like. And so far, it's resulting in wins, and we are hoping to continue like this," he added. Collin Malcolm scored 15 points, while Tyson Ward posted a double-double with 11 points and 11 rebounds. Mikael Jantunen added 13 points. For the losing side, Elijah Bryant recorded a double-double with 11 points and 10 assists, while Darius Thompson and Vincent Poirier each contributed 15 points. Despite their efforts, the team fell short of securing a victory. Paris Basketball jumped to third place with eight wins and three losses while Anadolu Efes dropped to ninth with six wins and five defeats. Fenerbahce Beko are at the top of the standings with nine wins and two defeats. Thursday's results: AS Monaco - LDLC ASVEL Villeurbanne: 103-92 Crvena Zvezda Meridianbet Belgrade - Partizan Mozzart Bet Belgrade: 77-89 Olympiacos Piraeus - Baskonia Vitoria-Gasteiz: 92-69 EA7 Emporio Armani Milan - Maccabi Playtika Tel Aviv: 98-86 Real Madrid - ALBA Berlin: 98-84
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It's that time again when 'news' organizations gather to award and pat each other on their backs for another year of lies, bias, and disinformation. This occurs as trust in legacy media rightfully continues to plummet. Without fail, one or more 'news' leaders at these Democrat love fests cluelessly scream from a podium about how important media is when it is not. Advertisement Here's Jim VandeHie from Axios. (WATCH) .@JimVandeHei w/ @mikeallen, accepts the Fourth Estate Award, @PressClubDC's highest honor: "I hate this damn debate of 'we don't need the media' — it is not true!" pic.twitter.com/XcmO6cOy3F — Axios (@axios) November 22, 2024 This guy is a delusional clown. — AltonGriggs (@alton_griggs) November 22, 2024 Delusion is a feature, not a bug in the legacy media. Let's look at recent lies told by 'journalists' as they desperately tried to throw the presidential election to their preferred candidate, Kamala Harris. Oh, it hasn't stopped either. We added some post-election bias, too. Yup but it's stuff like this. Ppl claimed FEMA was discriminating during hurricane relief. MSM came out "FAKE NEWS, MISINFORMATION" (see NYT article below). Now it's come out IT WAS ALL TRUE. Americans were suffering and they played politics. That's f@@@ed up pic.twitter.com/Pbs7Wy7WjN — Faded Alpha 🫡💨 (@FadedAlpha_) November 15, 2024 Liz Cheney responded to Donald Trump's... Warren SquireThis Thanksgiving, as you pass the mashed potatoes and carve the turkey, why not elevate the dinner table chatter with insights about the U.S. economy? On Wednesday, the economics team at Bank of America, led by Aditya Bhave , tackled 10 of the most pressing economic questions Americans are asking today, from stubbornly high food prices to the country's soaring deficit. Their answers provide clarity on the challenges and opportunities shaping the nation’s financial outlook, and could spark some spirited family debates. 1) Food Is So Expensive These Days. Why Do Economists Keep Saying Inflation Is Down? It's a question that's been on everyone's mind as they scan grocery receipts. While inflation is slowing down, the impact of prior price hikes still lingers. Inflation—defined as the year-over-year increase in prices—has cooled significantly since its peak in mid-2022. However, that doesn't mean prices are returning to pre-pandemic levels. Although food prices rose by just 1.2% over the past year, they remain far above where they were in 2019. That's why groceries still feel expensive, even as economists declare victory over inflation's worst days. 2) Will Prices Ever Go Back To 2019 Levels? Forget about it, and you should hope that doesn’t happen. For prices to revert to 2019 levels, the economy would need to experience a prolonged period of deflation, which means negative inflation rates. But as Bank of America highlights, deflation is “usually a sign of economic malaise that is very hard to break out of.” Since 1960, the U.S. has only experienced one brief episode of mild deflation, during the aftermath of the 2008 financial crisis. Higher prices, while painful, are now baked into the economy. Instead of looking backward, economists suggest focusing on income growth and productivity improvements to maintain purchasing power in an elevated price environment. Also Read: Amazon Dominates Holiday Shopping As Black Friday Spending Soars: Goldman Sachs 3) Why Haven’t We Had A Recession? Is It Now Looming? The dreaded "R-word" has haunted financial markets since the Federal Reserve began its aggressive rate hikes. Yet, against all odds, the U.S. economy has not only avoided a downturn, but even expanded strongly. Why? Bank of America credits several factors for the economy's surprising resilience. First, real income growth has outpaced inflation over the last two years, boosting household purchasing power. Second, fiscal policies have counteracted the tightening effects of monetary policy. Third, many households locked in ultra-low borrowing rates during the pandemic, insulating them from the Federal Reserve's higher rates. With 2025 expected to be another solid year, a recession might not be on the immediate horizon. 4) Why It’s Difficult To Find A Job In A Strong Economy? The labor market is still tight, but hiring patterns have shifted. Bank of America describes the current job market as a "low-hire, low-fire" environment. Job openings have fallen from their 2022 highs, leaving fewer opportunities for workers seeking new roles. While sectors like healthcare, education, and hospitality continue to drive hiring, others have stagnated. On the bright side, layoffs remain historically low, signaling stability for those already employed. Read Also: Consumer Confidence Hits 2-Year High As Recession Fears Fade: Stock Market Optimism Soars To Record High 5) Housing Prices Are Too High, and Mortgage Rates Aren't Dropping. Will This Ever Change? If you're feeling priced out of the housing market, you're not alone. Bank of America expects housing affordability to remain a challenge into 2024 and beyond. While mortgage rates have marginally eased this year, they are unlikely to return to pre-pandemic levels anytime soon. Compounding the issue is the so-called "lock-in effect," where existing homeowners with low mortgage rates are reluctant to sell, limiting the supply of available homes. With demand still strong and supply constrained, home prices remain elevated. The median home price relative to income is now higher than at the peak of the 2005 housing bubble—a sobering statistic for aspiring buyers. 6) Fed Chair Powell Said Interest Rates Could Fall Gradually. Yet, By How Much? Federal Reserve Chair Jerome Powell has indicated that rate cuts will happen gradually, and Bank of America predicts the central bank will trim rates by another 75 basis points by mid-2025. Inflation, while dropping sharply from sky-high levels in recent years, still remains above the Fed's 2% target, particularly when measured by the Core Personal Consumption Expenditures (PCE) price index, the Fed’s favorite inflation gauge. In October 2024, a basket of consumer goods that excludes groceries and energy costs, was up 2.8% compared to a year earlier. Bank of America forecasts inflation hovering between 2.5% and 3% for the next couple of years, which could limit the Fed's appetite for aggressive rate cuts. Read Also: Fed Minutes Reveal ‘Confidence’ In Inflation Reduction, Yet Flag Divergent Views On Interest Rate Path Ahead 7) Trump Is Back, What Policies Should I Expect? Will He Cut Taxes Again? According to Bank of America, a key priority for Republicans would be extending the Tax Cuts and Jobs Act (TCJA), which is set to expire in 2025. Other proposals include introducing modest corporate tax cuts for domestic manufacturers, and slightly raising the State and Local Tax (SALT) deduction cap. On trade, tariffs on Chinese imports are expected to rise, adding inflationary pressure, while deregulation in the energy and financial sectors could bolster corporate profits. On Monday, Donald Trump vowed to impose 25% tariffs on imports from Canada and Mexico unless the neighboring countries adopt stricter measures to combat drug trafficking and illegal immigration. “On immigration, significant tightening in the flow of migrants appears to be more likely than large changes to the migrant population that is already in the US,” the analysts said. Read also: US–Mexico Trade Tensions Escalate As Mexican Peso Hits August 2022 Lows: Why Is Auto Industry Most At Risk? 8) How Will These Policies Affect The Economy? According to Bank of America, fiscal stimulus from lower taxes and deregulation could boost growth, but tighter trade restrictions and immigration curbs might offset these gains. The net impact? Modest economic growth with inflation remaining above 2.5%. 9) Why Is The US Running A $2 Trillion Deficit? Deficits are nothing new for the U.S., but their current size is unprecedented during a period of strong economic growth. At nearly $2 trillion in FY 2024, the deficit is 6.4% of GDP—well above historical norms. This surge is largely driven by higher interest costs on the national debt and inflation-linked increases in programs like Social Security and Medicare. Adding to the strain, federal tax revenue growth has failed to keep pace with spending, creating a widening gap. Without meaningful fiscal reforms to either rein in spending or boost revenues, the deficit is likely to remain elevated, posing long-term risks to the economy. 10) Will The Department Of Government Efficiency (DOGE) Solve The Deficit Problem? The recently formed Department of Government Efficiency (DOGE) aims to cut wasteful spending, but Bank of America is skeptical of its impact. History shows that past attempts to rein in deficits through efficiency gains have fallen short. From the Reagan administration's Grace Commission to Clinton-era initiatives, similar efforts failed to produce meaningful savings. Moreover, political resistance to cutting mandatory spending programs like Social Security and Medicare remains a significant hurdle. The bottom line: The deficit problem won't be fixed overnight, and any solution will require tough, politically charged decisions, the analysts said. Read Next: ‘It’s The Most Wonderful Time Of The Year’ For The Stock Market, History Says Photo: Shutterstock © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
TIMMINS - The newly named federal NDP candidate is ready to hit the ground running. Sunday, Nicole Fortier-Levesque was chosen to carry the NDP banner for the new riding of Kapuskasing-Timmins-Mushkegowuk in the next federal election. Fortier-Levesque is excited and ready to take on the challenge. “It took me a while to make the decision to run, but that’s how I am,” she said. “When I get involved in something, I like to do my research and make sure that I can make a difference. I am ready to start working for Canadians, especially for all our residents in our riding. I’m ready for this.” Born in Opasatika, Fortier-Levesque was a teacher at Cité de Jeunes in Kapuskasing for decades. She is also the former mayor of Moonbeam, where she served as a councillor first. Earlier this year, veteran NDP MP Charlie Angus announced his retirement from politics. RELATED: ‘Perfect time to pass the baton’: Charlie Angus not seeking re-election Fortier-Levesque is committed to continuing the work started by Angus and the broader NDP team. “I know I need to continue to work on all the initiatives that the party has been working on. We need to see the end of their hard work. That legacy is what we’ve been working on for many years,” she said. The transition is already in motion, with Fortier-Levesque talking to Angus and Algoma-Manitoulin-Kapuskasing MP Carol Hughes, who is also leaving politics after this term, after Sunday’s meeting. “When I was talking to Charlie Angus, he said that he’s planning to go meet with Indigenous communities in January. So we are planning to go to Moosonee by train. So things are really rolling right now.” As Christmas approaches, Fortier-Levesque is eager to be present in the community, meet people, and further build trust with voters. “I need to talk to people so they can have confidence in our party again,” she said. “I will be fighting very hard to regain that confidence from the people to make sure they understand what we have to offer.” A significant portion of Fortier-Levesque’s platform is focused on improving conditions for Indigenous communities. “It’s important that Indigenous people receive the same services as everywhere else in the country, such as access to clean water, housing, and safe and reliable infrastructure, as well as quality education and better health care,” she said. “We can’t say that they receive the same services as we do, because it’s not true... We need to defend their fundamental rights by creating a partnership that will be based on the great cognition of our history in order to achieve reconciliation.” She also plans to focus on key issues such as affordability, poverty and homelessness. “I want to ensure that every person has a home, that every child can learn on a full stomach, and to help families make ends meet by creating new jobs with better working conditions and better pay,” she said. The opioid crisis also needs to be addressed, she said, along with the rising costs of rent and groceries, provide better health care and offer better mental mental health services. Fortier-Levesque’s vision for Canada is one where every citizen is valued and no one is left behind. “I am there for them, and I think my way of working will be the hope for change to make sure that families come first and no one is left behind, because everybody deserves the best,” she said. “A Canada where everything is possible, where we stand together, and where everyone is included... It doesn’t matter who you are or where you come from. We need to work together, and we need a fairer Canada, a fairer society.” The latest the next federal election will be is October 2025, but the writ could drop any time before then. The local Conservatives named their candidate more than a year ago — retired forestry executive Gaétan Malette. A local Liberal candidate has not been announced yet. The next federal election will also see a new riding locally as new riding boundaries took effect on April 22, 2024.UP bypolls: Yogi Adityanath asserts authority with 7-2 victory; 'batenge to katenge" to remain central themeSAO PAULO (AP) — Brazil’s former far-right President Jair Bolsonaro was fully aware of and actively participated in a coup plot to remain in office after his defeat in the 2022 election, according to a Federal Police report unsealed Tuesday. Federal Police last Thursday formally accused Bolsonaro and 36 other people of attempting a coup. They sent their 884-page report to the Supreme Court, which lifted the seal. The unsealed document provides a first glimpse of several testimonies that describe the former president as one of the key leaders of the plot, and not a mere observer. “The evidence collected throughout the investigation shows unequivocally that then-President Jair Messias Bolsonaro planned, acted and was directly and effectively aware of the actions of the criminal organization aiming to launch a coup d’etat and eliminate the democratic rule of law, which did not take place due to reasons unrelated to his desire,” the document said. At another point, it says: “Bolsonaro had full awareness and active participation.” Bolsonaro, who had repeatedly alleged without evidence that the country’s electronic voting system was prone to fraud, called a meeting in December 2022, during which he presented a draft decree to the commanders of the three divisions of the armed forces, according to the police report, signed by four investigators. The decree would have launched an investigation into suspicions of fraud and crimes related to the October 2022 vote, and suspended the powers of the nation’s electoral court. The navy’s commander stood ready to comply, but those from the army and air force objected to any plan that prevented Lula’s inauguration, the report said. Those refusals are why the plan did not go ahead, according to witnesses who spoke to investigators. Bolsonaro never signed the decree to set the final stage of the alleged plan into action. Bolsonaro has repeatedly denied any wrongdoing or awareness of any plot to keep him in power or oust his leftist rival and successor, Luiz Inácio Lula da Silva. “No one is going to do a coup with a reserve general and half a dozen other officers. What is being said is absurd. For my part, there has never been any discussion of a coup,” Bolsonaro told journalists in Brazil’s capital Brasilia on Monday. “If someone came to discuss a coup with me, I’d say, that’s fine, but the day after, how does the world view us?” he added. “The word ‘coup’ has never been in my dictionary.” The top court has passed the report on to Prosecutor-General Paulo Gonet. He will decide whether to formally charge Bolsonaro and put him on trial, or toss the investigation. The former president was formally accused of three crimes: violent elimination of the rule of law, staging a coup d’etat and forming a criminal organization. Rodrigo Rios, a law professor at the PUC university in the city of Curitiba, said Bolsonaro could face up to a minimum of 11 years in prison if convicted on all charges. “A woman involved in the Jan. 8 attack on the Supreme Court received a 17-year prison sentence,” Rios told The Associated Press, noting that the former president is more likely to receive 15 years or more if convicted. “Bolsonaro’s future looks dark.” Ahead of the 2022 election, Bolsonaro repeatedly alleged that the election system, which does not use paper ballots, could be tampered with. The top electoral court later ruled that he had abused his power to cast unfounded doubt on the voting system, and ruled him ineligible . Still, he has maintained that he will stand as a candidate in the 2026 race. Since Bolsonaro left office, he has been targeted by several investigations, all of which he has chalked up to political persecution. Federal Police have accused him of without properly declaring them and directing a subordinate . Authorities are also investigating whether he in which his followers ransacked the Supreme Court and presidential palace in Brasilia, seeking to prompt intervention by the army that would oust Lula from power. Bolsonaro had left for the United States days before Lula’s inauguration on Jan. 1, 2023 and stayed there three months, keeping a low profile. The police report unsealed Tuesday alleges he was seeking to avoid possible imprisonment related to the coup plot, and also await the uprising that took place a week later. ___ Hughes reported from Rio de Janeiro
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