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31 Products That Were Clearly Invented By People With Very Big BrainsA round-up of news from Costa Blanca NorthLetters for Nov. 24: Chesapeake officials should restore curbside recycling services
NEW ORLEANS (AP) â Darren Rizzi would be an unconventional choice to take over the New Orleans Saints' head coaching job on a permanent basis. That doesn't mean it can't happen. The Saints (4-7) had been on a seven-game skid when Rizzi, the club's special teams coordinator, was promoted. They've since won two straight, and as the club entered its Week 12 bye, prominent players were already discussing their desire to continue improving Rizzi's resume. âHeâs definitely had an impact on our football team,â quarterback Derek Carr said after New Orleans' 35-14 victory over Cleveland last weekend. âWe want to keep winning so that maybe he gets a chance to be the coach here for a long time. âThatâs what we want as players,â Carr continued. "Hopefully, we can continue to have success, keep winning and give him that opportunity.â Before the Saints' demoralizing defeat at Carolina precipitated the firing of third-year coach Dennis Allen , Rizzi had never been a head coach at the NFL or major college level. The north New Jersey native and former Rhode Island tight end got his first head coaching job at Division II New Haven in 1999. He also coached his alma mater in 2008 before moving to the NFL with Miami in 2009 as a special teams assistant. By 2010, he was the Dolphins' special teams coordinator and added the title of associate head coach in 2017 before ex-Saints coach Sean Payton lured him to New Orleans in 2019. A common thread shared by Payton and Rizzi is that both worked under Bill Parcells. Parcells â known best for winning two Super Bowls as coach of the New York Giants â was coaching the Dallas Cowboys when Payton was his offensive coordinator. Rizzi, who grew up a Giants fan during the Parcells era, got to know his childhood idol during his first couple years in Miami, where Parcells executive vice president of football operations. Since his promotion, Rizzi has spoken to both Payton and Parcells. And he has begun to employ motivational techniques reminiscent of Payton, who left New Orleans in 2022 as the franchise leader in wins (152 in the regular season and nine in the postseason â including New Orleans' lone Super Bowl triumph). Payton as a big believer of symbolic imagery and motivational props, from baseball bats distributed before contests that were expected to be especially physical to gas cans left in the lockers of aging veterans whose performance was key to the club's success. Rizzi, who describes himself as a âblue collarâ guy, has his own spin on such things. He began his tenure by asking players to accept individual responsibility for the metaphorical hole the team had dug itself and asked them all to embrace the idea of filling it up â one shovelful at a time. He even has brought a shovel â as well as a hammer, tape measure, level and other construction tools â to team meetings to help make his points. Saints tight end Taysom Hill, who also plays on special teams, has gotten to know Rizzi well during a half-decade of working together. Hill doesn't sound surprised to see Rizzi's combination of work ethic, enthusiasm and personal touch resonating across the entire team now. He also made a lot of changes , from weekly schedule adjustments to reconfiguring players' lockers by position. âHe has a really good pulse on what we need collectively as a team to get ready for a football game," said Hill, who scored three touchdowns and accounted for 248 yards as a runner, receiver, passer and returner against Cleveland. âGuys have responded to that.â Because Rizzi's first victory came over the first-place Atlanta Falcons , and because the Falcons lost again last week, the Saints now trail Atlanta by just two games with six to play. Suddenly, the idea of the Saints playing meaningful football down the stretch is not so far-fetched. âWeâre starting to get our swag back, and that makes me happy,â Rizzi said. âWeâre going to have some downtime now to kind of press the reset button again and see if we can make a push here." When the Saints return to action at home against the Los Angeles Rams on Dec 1, they'll do so with a level of momentum and positivity that seemed to steadily drain out of the club between their first loss of the season in Week 3 through the six straight setbacks that followed. While Saints players have tended to blame themselves for Allen's demise, they've been quick to credit Rizzi for the turnaround. âHeâs pointed us and steered the ship in the right direction,â Carr said. âHopefully, we can just keep executing at a high level for him, because we love him.â AP NFL: https://apnews.com/hub/nfl(Source: Nasdaq) Canadaâs main stock index hit a record high on Monday, helped by real estate stocks, after President-elect Donald Trumpâs nomination of hedge fund manager Scott Bessent as U.S. Treasury Secretary buoyed investor sentiment globally. The S&P/TSX composite index (.GSPTSE), was up 60 points, or 0.24%, at 25,504.28, and was set for its third straight session of record-high closing. The biggest driver for overall gains was Wall Street, where the benchmark S&P 500 (.SPX), gained 0.7%. Markets cheered Bessentâs nomination as investors expect the fiscal hawk to control U.S. debt levels, while also delivering on Trumpâs pledges of tax and spending cuts. âGenerally, I think that people are seeing him as favorable towards equity markets,â said Colin Cieszynski, chief market strategist at SIA Wealth Management. Investors also expect Bessent to adopt a lighter approach towards tariffs, unlike Trumpâs aggressive proposed measures that include 10% tariffs on goods imported from all other countries. Cieszynski noted the United States is Canadaâs biggest trading partner and âif thereâs any sense that they may not be as tough on tariffs as people think, then thatâs a positive for Canada.â Canadian 10-year benchmark yield fell as much as 11 basis points, mimicking a decline in its U.S. counterpart, which lifted rate-sensitive real estate sector (.GSPTTRE), opens new tab 1.6%. Yields on Treasury bonds had surged after Trumpâs victory on expectations that his policies, seen as favorable to corporates, could fuel inflationary pressures and obstruct the Federal Reserveâs path to lower interest rates. The materials sector (.GSPTTMT), was the biggest drag, losing 3.2% as gold prices fell more than 2% on profit-booking after the previous weekâs rally. Bessentâs nomination also tempered safe-haven buying. Among individual stocks, CI Financial (CIX.TO), climbed 30% after Abu Dhabiâs Mubadala Capital announced it would take the Canadian asset and wealth manager private in a C$12.1 billion ($8.66 billion) all-cash deal, including debt. Source: Reuters (Reporting by Nikhil Sharma in Bengaluru; Editing by Shreya Biswas)
Canadian Conservative Party Leader Pierre Poilievre told reporters on Sunday that he felt âbadlyâ watching leftist Prime Minister Justin Trudeau make the rounds at President-elect Donald Trumpâs estate Mar-a-Lago, lamenting his âposition of weaknessâ and describing Trudeau as having âlost control.â Trudeau was in Florida for a surprise dinner with Trump on Friday night following an explosive message Trump posted last week to his social media website Truth Social in which he vowed to implement a 25-percent tariff on Canadian and Mexican goods until both countries helped America curb mass migration and drug trafficking. The message caused alarm in Canada, which sends nearly 77 percent of its exports to the United States. In Mexico, leftist President Claudia Sheinbaum responded to Trump with the threat of imposing her own tariffs on American goods, ultimately holding a call with Trump that lowered tensions between the two. Trudeau, however, did not immediately comment on the matter and later claimed to hold a â good call â himself with Trump, leaving politicians both to the left and right of the prime minister concerned that he was not taking the matter seriously enough. Both Trump and Trudeau described their encounter in Florida as productive, but divulged few details on any agreement, a result that Poilievre, speaking to reporters, lamented as not securing any deliverables for Canada. âWhile Iâm a critic of Mr. Trudeauâs, I did feel badly that he went in with such a position of weakness,â Poilievre said on Sunday. âNormally when a prime minister goes to the United States to meet a president, theyâre looking to make gains. What gains did we hear from Mr. Trudeau? None, heâs just trying to limit losses.â âAll Justin Trudeau offers is minimizing losses,â he continued. âThis is the consequence of having a weak prime minister who has lost control: lost control of our borders, lost control of immigration, lost control of crime and drugs, and lost control of our economy.â âCanadians are paying a dreadful price for everything that Justin Trudeau has broken,â he concluded. Trudeau arrived on Florida on Friday evening and attended a dinner with the president-elect alongside a small selection of his cabinet, including Minister of Public Safety Dominic LeBlanc, who described the gathering as âa very warm, cordial meeting.â âI saw very much the mutual respect and warmth between the two leaders,â LeBlanc said in an interview following the encounter. Trudeau posted a photo to his social media accounts alongside Trump thanking him for his reception, adding, âI look forward to the work we can do together, again.â Trump described his meeting with the Canadian leader as âvery productiveâ in his own social media message on Saturday. âWe discussed many important topics that will require both Countries to work together to address,â Trump wrote, âlike the Fentanyl and Drug Crisis that has decimated so many lives as a result of Illegal Immigration, Fair Trade Deals that do not jeopardize American Workers, and the massive Trade Deficit the U.S. has with Canada.â âI made it very clear that the United States will no longer sit idly by as our Citizens become victims to the scourge of this Drug Epidemic, caused mainly by the Drug Cartels, and Fentanyl pouring in from China,â he added. âToo much death and hardship!â Trudeau was home by Saturday morning. The Globe and Mail noted that, while Trump and Trudeau both described their meeting positively, Trudeau returned âwithout any guarantees that Mr. Trump would drop the tariffs.â Trump promised in late November that he would impose a 25-percent tariff on both Canada and Mexico. âOn January 20th, as one of my many first Executive Orders, I will sign all necessary documents to charge Mexico and Canada a 25% Tariff on ALL products coming into the United States, and its ridiculous Open Borders,â he asserted on Truth Social. âThis Tariff will remain in effect until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country!â âBoth Mexico and Canada have the absolute right and power to easily solve this long simmering problem. We hereby demand that they use this power,â he concluded, âand until such time that they do, it is time for them to pay a very big price!â While Poilievre was naturally the most critical Canadian politician of Trudeauâs visit to Mar-a-Lago, several regional leaders in Canada indicated over the weekend that they would independently be pursuing the economic interests of their provinces in the absence of solid leadership out of Ottawa. âWeâre saying to the Americans, we are your solution to energy security. We are your solution to energy affordability,â Alberta Premier Danielle Smith said on Sunday, lamenting onerous taxes on fossil fuels imposed by Trudeauâs government. âYou canât take that message to the table when youâve got these additional taxes and production caps layered on top.â âWe have to have a cohesive message, and part of this is going to be a bit of a climbdown for Justin Trudeau and some of the bad policies that heâs enacted over the last number of years,â she added, according to Canadaâs Global News. The premier of British Columbia, David Eby, told reporters in response to the original Truth Social post that his province would seek independent âopportunitiesâ to trade with America, hopefully exempt from the proposed 25-percent tariff. âWeâre going to continue to do our work to expand those trading opportunities,â he promised, calling British Columbiaâs past efforts to also seek other markets outside of America âdefinitely the right directionâ and that he would seek other markets âgiven the instability south of the [Canadian] border.â Ontario has already began an advertising campaign for its markets separate from the rest of Canada. Premier Doug Ford launched an ad campaign, Global News reported on Saturday, worth tens of millions of dollars to highlight Ontario as a âkey trading partner,â apparently independent of the rest of Canada. Follow Frances Martel on Facebook and Twitter.Apple has officially halted the sale of its iPhone 14, iPhone 14 Plus, and iPhone SE (3rd generation) models across 29 European countries, following the implementation of a landmark European Union directive requiring all smartphones and portable electronic devices to adopt the USB-C charging standard. The ban, which affects both online and physical retail stores, comes as Apple works to clear remaining inventory in compliance with new regulations that aim to reduce electronic waste. European Unionâs New Regulation The European Unionâs new regulation, which went into effect on December 28, 2024, now requires all electronic devices sold in its 27 member states to have a USB-C charging port. This broad mandate aims to standardize charging cables for all devices, lowering the quantity of cables users require and, eventually, reducing the growing problem of electronic waste. Apple and other companies were given until the end of 2024 to switch their devices to the USB-C standard, even though the regulation was first introduced in 2022. Apple, which had long used its proprietary Lightning connector in iPhones, initially fought against the regulation, arguing that such a mandate could stifle innovation and limit its design options. However, following legal challenges, Apple ultimately acquiesced to the EUâs decision, starting with the release of the iPhone 15, which switched to USB-C. As a result, the iPhone 14 series, which still relied on the Lightning connector, became incompatible with the new law, leading to their removal from sale. The ban is in effect across all 27 EU member states, including major markets such as Germany, France, Italy, Spain, the Netherlands, and Sweden. In addition to the EU countries, Switzerland, which is not a member of the EU but closely follows its regulations, has also seen the ban extended to the iPhone 14 and SE models. Interestingly, the decision also affects Northern Ireland due to its unique post-Brexit trade rules, which align with EU regulations despite the U.K. leaving the union. As of December 27, 2024, customers visiting Appleâs websites in these regions can no longer purchase the iPhone 14, iPhone 14 Plus, or iPhone SE (3rd generation), with only the iPhone 15, iPhone 15 Plus, iPhone 16 series, and newer models now available for purchase. Physical retail stores across these countries have also stopped selling these devices, marking the end of an era for Appleâs flagship models. Appleâs Remaining Stock Despite the official cessation of sales, Apple is working to clear out any remaining stock of the affected iPhones. Third-party resellers, such as Amazon, continue to offer these devices in select countries, though availability is expected to dwindle quickly. For example, as of the latest reports, the iPhone 14 is still available for sale on Amazon in Spain, but this may not be the case for much longer. Apple has also expressed its commitment to ensuring a smooth transition for consumers. The iPhone 15 and newer models, which feature USB-C ports, remain available for purchase, and customers who are still interested in the iPhone SE can expect a new iteration of the model in spring 2025. While the iPhone SEâs future remains uncertain, the discontinuation of the Lightning port marks a pivotal moment for the device. The iPhone 14 and SE models are expected to be phased out entirely by the fall of 2025, which may coincide with the end of their lifecycle worldwide. For now, the focus is on Appleâs next-generation models, with rumors surrounding the iPhone 17 suggesting it will be the companyâs thinnest phone yet. There are also growing indications that Apple is exploring foldable technology for future devices, further signaling the companyâs evolution beyond the traditional smartphone form. ALSO READ: What Makes The Samsung Galaxy S25 Ultra A Game-Changer? Unveiling Its Incredible Design And Features!
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Surveillance tech advances by Biden could aid in Trump's promised crackdown on immigrationAP Trending SummaryBrief at 3:42 p.m. EST
1 2 Lucknow: Targeting the BJP govt over excavations in Sambhal and other parts of the state in search of temple remains under mosques, Samajwadi Party president Akhilesh Yadav on Sunday described it as an attempt to shift focus from govt failures. Taking a jibe at the govt, he said that "there is a Shivling buried under the Chief Minister's official residence and the premises should be dug up". He said that the BJP govt was on a borrowing spree and was making Uttar Pradesh one of the top states taking maximum loans. "The state exchequer is empty, and prices of essential commodities were rising by the day. The govt is yet to decide the procurement price for sugarcane. To divert the attention of people from these issues, the BJP is digging up places (to find remains of temples under mosques)," he said. Responding to a specific media query, Akhilesh said, "There is a âShivling' under the Chief Minister's (official) residence and the premises should be dug up." Asked about his recent social media posts raising questions on Maha Kumbh preparations , Akhilesh said, "I was closely associated with Kumbh preparations when I was the chief minister. I am aware of what it takes. I hope Kumbh takes place nicely. We raised issues related to electrification and pontoon bridges. Only some bridges have been completed and more than 20 are needed. How will they complete the remaining bridges in the next 12-13 days?" Akhilesh said after he raised the issues, the govt carried out a "reality check" but of a location different than the one he had flagged. He also raised questions over invites being sent out for Maha Kumbh. "People take part in Kumbh as a matter of faith. Will the crores of people who take part in Kumbh, will be invited to the event," he asked. Though the SP chief did not take names, his comment was apparently in reference to the invites being handed out by the CM to Union ministers during his Delhi visit. Stay updated with the latest news on Times of India . Don't miss the yearly horoscope 2025 and Chinese horoscope 2025 for Rat , Ox , Tiger , Rabbit , Dragon , Snake , Horse , Goat , Monkey , Rooster , Dog , and Pig zodiac signs. Spread love this holiday season with these New Year wishes and messages .
âClean Sri Lankaâ programme to begin from January 1
TCU pulls away from Arizona 49-28 with relentless offenseFidelity National Financial, Inc. ( NYSE:FNF â Get Free Report ) has received an average rating of âHoldâ from the five brokerages that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $63.80. Several research analysts have issued reports on FNF shares. Truist Financial upped their price target on Fidelity National Financial from $64.00 to $70.00 and gave the company a âbuyâ rating in a report on Monday, November 11th. Barclays boosted their target price on Fidelity National Financial from $56.00 to $59.00 and gave the stock an âequal weightâ rating in a research report on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods increased their price target on Fidelity National Financial from $63.00 to $64.00 and gave the company a âmarket performâ rating in a research report on Tuesday, December 10th. Read Our Latest Stock Analysis on FNF Fidelity National Financial Trading Down 1.2 % Fidelity National Financial ( NYSE:FNF â Get Free Report ) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.11). Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter last year, the business posted $1.23 EPS. The businessâs revenue for the quarter was up 29.7% on a year-over-year basis. On average, equities analysts forecast that Fidelity National Financial will post 4.57 EPS for the current fiscal year. Fidelity National Financial Increases Dividend The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be issued a dividend of $0.50 per share. This is an increase from Fidelity National Financialâs previous quarterly dividend of $0.48. The ex-dividend date is Tuesday, December 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.55%. Fidelity National Financialâs payout ratio is currently 72.73%. Insider Activity at Fidelity National Financial In related news, Director Sandra Douglass Morgan sold 2,092 shares of the firmâs stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total transaction of $117,842.36. Following the completion of the sale, the director now directly owns 32,386 shares in the company, valued at approximately $1,824,303.38. This trade represents a 6.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website . 5.20% of the stock is owned by insiders. Institutional Investors Weigh In On Fidelity National Financial A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FNF. Capital Performance Advisors LLP acquired a new position in shares of Fidelity National Financial in the third quarter worth $32,000. Brooklyn Investment Group purchased a new position in Fidelity National Financial in the third quarter valued at about $35,000. True Wealth Design LLC purchased a new stake in shares of Fidelity National Financial during the 3rd quarter worth about $41,000. UMB Bank n.a. raised its stake in shares of Fidelity National Financial by 280.6% during the 3rd quarter. UMB Bank n.a. now owns 685 shares of the financial services providerâs stock worth $43,000 after purchasing an additional 505 shares in the last quarter. Finally, Larson Financial Group LLC lifted its holdings in shares of Fidelity National Financial by 141.1% during the 3rd quarter. Larson Financial Group LLC now owns 687 shares of the financial services providerâs stock valued at $43,000 after buying an additional 402 shares during the last quarter. Hedge funds and other institutional investors own 81.17% of the companyâs stock. Fidelity National Financial Company Profile ( Get Free Report Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates through Title, F&G, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products. Further Reading Receive News & Ratings for Fidelity National Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Financial and related companies with MarketBeat.com's FREE daily email newsletter .President-elect Donald Trump will return to power next year with a raft of technological tools at his disposal that would help deliver his campaign promise of cracking down on immigration â among them, surveillance and artificial intelligence technology that the Biden administration already uses to help make crucial decisions in tracking, detaining and ultimately deporting immigrants lacking permanent legal status. While immigration officials have used the tech for years, an October letter from the Department of Homeland Security obtained exclusively by The Associated Press details how those tools â some of them powered by AI â help make life-altering decisions for immigrants, including whether they should be detained or surveilled. One algorithm, for example, ranks immigrants with a âHurricane Score,â ranging from 1-5, to assess whether someone will âabscondâ from the agency's supervision. The letter, sent by DHS Chief Artificial Intelligence Officer Eric Hysen to the immigrant rights group Just Futures Law, revealed that the score calculates the potential risk that an immigrant â with a pending case â will fail to check in with Immigration and Customs Enforcement officers. The algorithm relies on several factors, he said, including an immigrantâs number of violations and length of time in the program, and whether the person has a travel document. Hysen wrote that ICE officers consider the score, among other information, when making decisions about an immigrantâs case. âThe Hurricane Score does not make decisions on detention, deportation, or surveillance; instead, it is used to inform human decision-making,â Hysen wrote. Also included in the governmentâs tool kit is a mobile app called SmartLINK that uses facial matching and can track an immigrantâs specific location. Nearly 200,000 people without legal status who are in removal proceedings are enrolled in the Alternatives to Detention program, under which certain immigrants can live in the U.S. while their immigration cases are pending. In exchange, SmartLINK and GPS trackers used by ICE rigorously surveil them and their movements. The phone application draws on facial matching technology and geolocation data, which has been used before to find and arrest those using the app. Just Futures Law wrote to Hysen earlier this year, questioning the fairness of using an algorithm to assess whether someone is a flight risk and raising concerns over how much data SmartLINK collects. Such AI systems, which score or screen people, are used widely but remain largely unregulated even though some have been found to discriminate on race, gender or other protected traits. DHS said in an email that it is committed to ensuring that its use of AI is transparent and safeguards privacy and civil rights while avoiding biases. The agency said it is working to implement the Biden administrationâs requirements on using AI , but Hysen said in his letter that security officials may waive those requirements for certain uses. Trump has publicly vowed to repeal Biden's AI policy when he returns to the White House in January. âDHS uses AI to assist our personnel in their work, but DHS does not use the outputs of AI systems as the sole basis for any law enforcement action or denial of benefits,â a spokesperson for DHS told the AP. Trump has not revealed how he plans to carry out his promised deportation of an estimated 11 million people living in the country illegally. Although he has proposed invoking wartime powers, as well as military involvement, the plan would face major logistical challenges â such as where to keep those who have been detained and how to find people spread across the country â that AI-powered surveillance tools could potentially address. Karoline Leavitt, a spokesperson for Trump, did not answer questions about how they plan to use DHSâ tech, but said in a statement that âPresident Trump will marshal every federal and state power necessary to institute the largest deportation operationâ in American history. Over 100 civil society groups sent a letter on Friday urging the Office of Management and Budget to require DHS to comply with the Biden administrationâs guidelines. OMB did not immediately respond to a request for comment. Just Futures Lawâs executive director, Paromita Shah, said if immigrants are scored as flight risks, they are more likely to remain in detention, "limiting their ability to prepare a defense in their case in immigration court, which is already difficult enough as it is.â SmartLINK, part of the Intensive Supervision Appearance Program, is run by BI Inc., a subsidiary of the private prison company The GEO Group. The GEO Group also contracts with ICE to run detention centers. ICE is tight-lipped about how it uses SmartLINKâs location feature to find and arrest immigrants. Still, public records show that during Trumpâs first term in 2018, Manassas, Virginia-based employees of BI Inc. relayed immigrantsâ GPS locations to federal authorities, who then arrested over 40 people. In a report last year to address privacy issues and concerns, DHS said that the mobile app includes security features that âprohibit access to information on the participantâs mobile device, with the exception of location data points when the app is open.â But the report notes that there remains a risk that data collected from people "may be misused for unauthorized persistent monitoring.â Such information could also be stored in other ICE and DHS databases and used for other DHS mission purposes, the report said. On investor calls earlier this month, private prison companies were clear-eyed about the opportunities ahead. The GEO Groupâs executive chairman George Christopher Zoley said that he expects the incoming Trump administration to âtake a much more aggressive approach regarding border security as well as interior enforcement and to request additional funding from Congress to achieve these goals.â âIn GEOâs ISAP program, we can scale up from the present 182,500 participants to several hundreds of thousands, or even millions of participants,â Zoley said. That same day, the head of another private prison company told investors he would be watching closely to see how the new administration may change immigrant monitoring programs. âItâs an opportunity for multiple vendors to engage ICE about the program going forward and think about creative and innovative solutions to not only get better outcomes, but also scale up the program as necessary,â Damon Hininger, CEO of the private prison company CoreCivic Inc. said on an earnings call. GEO did not respond to requests for comment. In a statement, CoreCivic said that it has played âa valued but limited role in Americaâs immigration systemâ for both Democrats and Republicans for over 40 years.
Once again, some Oklahoma state legislators are considering phasing out personal and corporate income taxes with the goal of eliminating the tax entirely by 2035. State Rep. Jay Steagall, R-Yukon, authored House Bill 1009, and if it passes, it will reduce the personal income tax rate by 0.004% annually over 10 years. Steagall filed an almost identical bill, H.B. 3058, during the 2024 session, but the bill never made it out of the Appropriations and Budget Committee. âRecent polls show Oklahomans overwhelmingly support the elimination of the state income tax, an effort for which I have filed legislation in the past two years and filing once again for the 60th Legislature,â Steagall said in a press release about the new bill. âThe state income tax is a clear violation of our own state constitution and I will continue to pursue righting this wrong in the upcoming session.â Article 2, Section 2 of the Oklahoma Constitution is the part Steagall said the imposing of an income tax violates. Under this section, titled âInherent rights,â the Constitution states: âAll persons have the inherent right to life, liberty, the pursuit of happiness, and the enjoyment of the gains of their own industry.â In an interview with Fox23, Gov. Kevin Stitt said having a state income tax puts Oklahoma at a disadvantage. âStitt believes states like Texas, Nevada and Florida are more attractive to employers looking to leave higher tax states to save money and operate with fewer regulations, and he believes Oklahoma is keeping itself at a disadvantage when trying to attract more companies,â states the article titled, âExclusive: Gov. Stitt still pushing for state to eliminate income tax,â published Feb. 6. In September 2023, former State Sen. Dewayne Pemberton said former Gov. Mary Fallinâs efforts in eliminating the state income tax was not a good thing. â[Fallin] had convinced the Legislature at that time that she would find other sources, but she never did, so once those monies were taken out, the coffers were dry,â Pemberton said. âWe had to raise taxes in 2017.â Incoming State Sen. Julie McIntosh, R-District 3, is in favor of removing the personal and corporate income tax. âIt is a regressive form of taxation which punishes productivity, and personal productivity is necessary for the success of our society,â McIntosh said. âWe have seen repeatedly that when we cut taxes productivity rises and so does revenue into government coffers.â McIntosh believes the job market and business sector will âblossom and companies will come to Oklahoma,â if the corporate tax is eliminated. âThis raises wages through competition and job opportunities,â McIntosh said. âOur tax rate and budget could be significantly lower if we stop paying for the many programs that are not constitutionally required of our government.â She is in favor of people keeping as much of their money as possible, and believes citizens will spend more wisely than government, and the free market will expand and âbuoy us all to greater prosperity.â When Tahlequah Daily Press asked what programs are unconstitutional, McIntosh did not respond. TDP asked how that money would be made up and whether elimination of the tax would require fees to be raised, such as with the turnpike fees, which were recently increased 15%. âThe turnpike is its own entity funded by bonds and tolls and doesnât receive tax dollars,â McIntosh said. State Sen. Avery Frix, R-District 9, said he is a strong advocate for reducing the state income tax and putting money back into Oklahomansâ pockets and local economies. âWhile the path to zero income tax is still being paved, we will continue fighting for a solution that both benefits taxpayers and secures our stateâs financial future,â Frix said. Several elected officials were asked to comment on this weekâs roundup question, but due to the Christmas holiday, McIntosh was the only one who was able to respond. On the Dec. 21 Facebook Forum, TDP readers were asked if they thought the elimination of income taxes was feasible without drastically cutting state services; how can the lack of funds from the tax cut be made up; and if fee hikes would be used. Eric Swanson said people like the idea of abolishing taxes, but fail to consider how programs would be affected once that funding is gone. âLawmakers who support tax cuts should be honest with voters about the pros and cons,â Swanson said. âUnfortunately, many lawmakers focus on the advantages and downplay or ignore the pitfalls â until a budget shortfall occurs and they are forced to raise taxes to close the gap.â Former resident Jack Webb, who now lives in Washington, said there is no income tax in his state. âMuch of the tax burden will be shifted to property taxes and service fees. There are no free lunches in America,â Webb said. âAnd before you say it exempts non-property owners from the tax burden, it doesnât; itâs simply passed on to them in the form of higher rent. Developers arenât going to eat that tax burden no more than retailers will eat the tariffs.â Webb said it will probably be a good incentive to start new businesses and expand existing ones. Lee Guthrie writes for the Tahlequah Daily Press.The loss of ITV's independence would be a blow to creative Britain, says ALEX BRUMMERGot nine bucks? You could be going to a Blue Jays game
Mercadolibre director Emiliano Calemzuk sells $99,249 in stockTrump won about 2.5M more votes this year than he did in 2020. This is where he did itDublin Bus 'actively investigating' footage appearing to show child being struck by man in hi-vis vest
By Will Dunham WASHINGTON, 2024 (Reuters) - Jimmy Carter, the earnest Georgia peanut farmer who as U.S. president struggled with a bad economy and the Iran hostage crisis but brokered peace between Israel and Egypt and later received the Nobel Peace Prize for his humanitarian work, has died, the Atlanta Journal-Constitution reported on Sunday. He was 100. A Democrat, he served as president from January 1977 to January 1981 after defeating incumbent Republican President Gerald Ford in the 1976 U.S. election. Carter was swept from office four years later in an electoral landslide as voters embraced Republican challenger Ronald Reagan, the former actor and California governor. Carter lived longer after his term in office than any other U.S. president. Along the way, he earned a reputation as a better former president than he was a president - a status he readily acknowledged. His one-term presidency was marked by the highs of the 1978 Camp David accords between Israel and Egypt, bringing some stability to the Middle East. But it was dogged by an economy in recession, persistent unpopularity and the embarrassment of the Iran hostage crisis that consumed his final 444 days in office. In recent years, Carter had experienced several health issues including melanoma that spread to his liver and brain. Carter decided to receive hospice care in February 2023 instead of undergoing additional medical intervention. His wife, Rosalynn Carter, died on Nov. 19, 2023, at age 96. He looked frail when he attended her memorial service and funeral in a wheelchair. Carter left office profoundly unpopular but worked energetically for decades on humanitarian causes. He was awarded the Nobel Peace Prize in 2002 in recognition of his "untiring effort to find peaceful solutions to international conflicts, to advance democracy and human rights, and to promote economic and social development." Carter had been a centrist as governor of Georgia with populist tendencies when he moved into the White House as the 39th U.S. president. He was a Washington outsider at a time when America was still reeling from the Watergate scandal that led Republican Richard Nixon to resign as president in 1974 and elevated Ford from vice president. "I'm Jimmy Carter and I'm running for president. I will never lie to you," Carter promised with an ear-to-ear smile. Asked to assess his presidency, Carter said in a 1991 documentary: "The biggest failure we had was a political failure. I never was able to convince the American people that I was a forceful and strong leader." Despite his difficulties in office, Carter had few rivals for accomplishments as a former president. He gained global acclaim as a tireless human rights advocate, a voice for the disenfranchised and a leader in the fight against hunger and poverty, winning the respect that eluded him in the White House. Carter won the Nobel Peace Prize in 2002 for his efforts to promote human rights and resolve conflicts around the world, from Ethiopia and Eritrea to Bosnia and Haiti. His Carter Center in Atlanta sent international election-monitoring delegations to polls around the world. A Southern Baptist Sunday school teacher since his teens, Carter brought a strong sense of morality to the presidency, speaking openly about his religious faith. He also sought to take some pomp out of an increasingly imperial presidency - walking, rather than riding in a limousine, in his 1977 inauguration parade. The Middle East was the focus of Carter's foreign policy. The 1979 Egypt-Israel peace treaty, based on the 1978 Camp David accords, ended a state of war between the two neighbors. Carter brought Egyptian President Anwar Sadat and Israeli Prime Minister Menachem Begin to the Camp David presidential retreat in Maryland for talks. Later, as the accords seemed to be unraveling, Carter saved the day by flying to Cairo and Jerusalem for personal shuttle diplomacy. The treaty provided for Israeli withdrawal from Egypt's Sinai Peninsula and establishment of diplomatic relations. Begin and Sadat each won a Nobel Peace Prize in 1978. By the 1980 election, the overriding issues were double-digit inflation, interest rates that exceeded 20% and soaring gas prices, as well as the Iran hostage crisis that brought humiliation to America. These issues marred Carter's presidency and undermined his chances of winning a second term. HOSTAGE CRISIS On Nov. 4, 1979, revolutionaries devoted to Iran's Ayatollah Ruhollah Khomeini had stormed the U.S. Embassy in Tehran, seized the Americans present and demanded the return of the ousted shah Mohammad Reza Pahlavi, who was backed by the United States and was being treated in a U.S. hospital. The American public initially rallied behind Carter. But his support faded in April 1980 when a commando raid failed to rescue the hostages, with eight U.S. soldiers killed in an aircraft accident in the Iranian desert. Carter's final ignominy was that Iran held the 52 hostages until minutes after Reagan took his oath of office on Jan. 20, 1981, to replace Carter, then released the planes carrying them to freedom. In another crisis, Carter protested the former Soviet Union's 1979 invasion of Afghanistan by boycotting the 1980 Olympics in Moscow. He also asked the U.S. Senate to defer consideration of a major nuclear arms accord with Moscow. Unswayed, the Soviets remained in Afghanistan for a decade. Carter won narrow Senate approval in 1978 of a treaty to transfer the Panama Canal to the control of Panama despite critics who argued the waterway was vital to American security. He also completed negotiations on full U.S. ties with China. Carter created two new U.S. Cabinet departments - education and energy. Amid high gas prices, he said America's "energy crisis" was "the moral equivalent of war" and urged the country to embrace conservation. "Ours is the most wasteful nation on earth," he told Americans in 1977. In 1979, Carter delivered what became known as his "malaise" speech to the nation, although he never used that word. "After listening to the American people I have been reminded again that all the legislation in the world can't fix what's wrong with America," he said in his televised address. "The threat is nearly invisible in ordinary ways. It is a crisis of confidence. It is a crisis that strikes at the very heart and soul and spirit of our national will. The erosion of our confidence in the future is threatening to destroy the social and the political fabric of America." As president, the strait-laced Carter was embarrassed by the behavior of his hard-drinking younger brother, Billy Carter, who had boasted: "I got a red neck, white socks, and Blue Ribbon beer." 'THERE YOU GO AGAIN' Jimmy Carter withstood a challenge from Massachusetts Senator Edward Kennedy for the 1980 Democratic presidential nomination but was politically diminished heading into his general election battle against a vigorous Republican adversary. Reagan, the conservative who projected an image of strength, kept Carter off balance during their debates before the November 1980 election. Reagan dismissively told Carter, "There you go again," when the Republican challenger felt the president had misrepresented Reagan's views during one debate. Carter lost the 1980 election to Reagan, who won 44 of the 50 states and amassed an Electoral College landslide. James Earl Carter Jr. was born on Oct. 1, 1924, in Plains, Georgia, one of four children of a farmer and shopkeeper. He graduated from the U.S. Naval Academy in 1946, served in the nuclear submarine program and left to manage the family peanut farming business. He married his wife, Rosalynn, in 1946, a union he called "the most important thing in my life." They had three sons and a daughter. Carter became a millionaire, a Georgia state legislator and Georgia's governor from 1971 to 1975. He mounted an underdog bid for the 1976 Democratic presidential nomination, and out-hustled his rivals for the right to face Ford in the general election. With Walter Mondale as his vice presidential running mate, Carter was given a boost by a major Ford gaffe during one of their debates. Ford said that "there is no Soviet domination of Eastern Europe and there never will be under a Ford administration," despite decades of just such domination. Carter edged Ford in the election, even though Ford actually won more states - 27 to Carter's 23. Not all of Carter's post-presidential work was appreciated. Former President George W. Bush and his father, former President George H.W. Bush, both Republicans, were said to have been displeased by Carter's freelance diplomacy in Iraq and elsewhere. In 2004, Carter called the Iraq war launched in 2003 by the younger Bush one of the most "gross and damaging mistakes our nation ever made." He called George W. Bush's administration "the worst in history" and said Vice President Dick Cheney was "a disaster for our country." In 2019, Carter questioned Republican Donald Trump's legitimacy as president, saying "he was put into office because the Russians interfered on his behalf." Trump responded by calling Carter "a terrible president." Carter also made trips to communist North Korea. A 1994 visit defused a nuclear crisis, as President Kim Il Sung agreed to freeze his nuclear program in exchange for resumed dialogue with the United States. That led to a deal in which North Korea, in return for aid, promised not to restart its nuclear reactor or reprocess the plant's spent fuel. But Carter irked Democratic President Bill Clinton's administration by announcing the deal with North Korea's leader without first checking with Washington. In 2010, Carter won the release of an American sentenced to eight years hard labor for illegally entering North Korea. Carter wrote more than two dozen books, ranging from a presidential memoir to a children's book and poetry, as well as works about religious faith and diplomacy. His book "Faith: A Journey for All," was published in 2018. (Reporting and writing by Will Dunham; Editing by Bill Trott and Diane Craft)
Cargo Therapeutics draws bullish view at William Blair on lead asset
Art Cashin, UBSâ director of floor operations at the New York Stock Exchange and a man The Washington Post called âWall Streetâs version of Walter Cronkite,â has died. He was 83 and had been a regular on CNBC for more than 25 years. In the intensely competitive and often vicious world of stock market commentary, Cashin was that rarest of creatures: a man respected by all, bulls and bears, liberals and conservatives alike. He seemed to have almost no enemies. He was a great drinker and raconteur, a teller of stories. For decades, he assembled a group of like-minded friends every day after trading halted, first at the bar at the NYSE luncheon club, then across the street at Bobby Vanâs Steakhouse, where the group came to be known as the âFriends of Fermentation.â His drink was Dewarâs, always on the rocks. Cashinâs success was attributable to a combination of charm, wit, intelligence, and a stubborn insistence on refusing to adopt many of the conveniences of the modern world. He was a link to an NYSE tradition. Every year, on Christmas Eve and New Yearâs Eve, he led the singing of the 1905 song âWait âTill the Sun Shines, Nellie.â Cashin refused to use credit cards and paid for everything, particularly his voluminous bar bills, with cash, saying he cherished his anonymity. He never learned to use a computer--his notes were hand-written and then sent to his assistant. For years, he used an obsolete flip phone that he rarely answered. His desk was piled high with papers he had accumulated over the decades. At times, it resembled a recycling facility. Cashinâs suits were usually rumpled and his ties were always obsolete. However, neither his appearance nor his attitude was haphazard. It was part of a persona that was carefully constructed over more than 50 years on Wall Street. Arthur D. Cashin Jr. was born in Jersey City, New Jersey, in 1941. His parents were superintendents of an apartment building. His business career began in 1959 at Thomson McKinnon, a brokerage firm, when he was 17 and still in high school. Cashin had been obliged to join the workforce when his father died unexpectedly that year. In 1964, at age 23, he became a member of the NYSE and a partner of P.R. Herzig & Co. At that time, the vast majority of all trading took place on the NYSE floor. Cashinâs early memories revolve around the noise of thousands of brokers shouting at each other. He claimed to be able to tell if the market was moving up or down by the pitch of the screaming, because sellers sounded panicky. âAnd so if the pitch of the noise was high, I would know the sellers were headed my way. Or if it was a rumble, I would know that it was probably buyers coming,â he said in a 2018 interview. In the mid-1970s, disgusted by the corruption in his hometown of Jersey City, Cashin ran for mayor. âI think I ran 12th in a field of five,â he said. âBut once they discovered I was honest, there wasnât much chance I was going to get elected.â He returned to Wall Street. In 1980, he joined PaineWebber and managed its floor operation, continuing to do so after PaineWebber was bought by UBS in 2000. Then came 2001. Cashin would often recall what it was like to escape from Ground Zero on Sept. 11, 2001, after terrorists crashed two jetliners into the World Trade Center towers, killing more than 2,600 people in the heart of the nationâs financial center. âMany of us got out that Tuesday walking through streets onto which ash, smoke and business envelopes fell snow-like, blocking both your view and your breathing,â he wrote in a commentary 13 days later. âYet when a stranger was met, they were invited to join the convoy and offered a spare wet cloth (carried in pockets) through which to breathe as they walked. When we reached the East River (Brooklyn side of Manhattan), there was a volunteer group of tugboats, fishing boats and mini-ferries that looked like the evacuation of Dunkirk. No charge. No money. Just â âMay I help you!â No one got anyoneâs name. No thank you cards will be sent. But Americans â even New York Americans â who freely give to strangers but argue with neighbors were suddenly one group. In the days since, as we wander via new strange ways back to Wall Street, we all internalize the survivorâs quandary. We are lucky to be alive â but why us.â After the Sept. 11 attacks, Cashin chaired the NYSE âFallen Heroes Fund,â which provided millions of dollars to the families of first responders killed in the line of duty. Though he was a respected market historian, he was most renowned as a storyteller for the stock market. He was a meticulous observer of fundamental and technical trading patterns but never let data get in the way of explaining the market in a folksy manner that made it accessible to even casual observers. He often spoke of Wall Street as a community of people with many different opinions. In his world, the bulls and bears would fight it out every day, as if it were all a John Wayne Western: âThe bulls are circling the wagons, trying to defend the highsâ was a common refrain. His daily market commentary, Cashinâs Comments, was distributed to clients continuously for more than 40 years and was widely read on Wall Street. It invariably began with an analysis of an important event that occurred on that date (âOn this date in 1918, the worldwide flu epidemic went into high gear in the U.S.â), and after a brief history lesson tied that event to the dayâs market events (âPre-opening Wednesday morning, U.S. stock futures looked like they might be coming down with the flu. Several earnings reports were less than glowing and some of the outlooks were cloudyâ). He was a keen observer of human behavior, a behavioral psychologist long before the word was coined. He had seen his fellow humans panic time after time, and had seen the effects of succumbing to the initial desire to sell immediately without thinking. âIt tells me that people have a tendency to overreact â and to not think things through carefully,â he said. âAnd you break up, again, into two sets of people, those who look with some suspicion at events, and others who say, âOh, Iâve got to react to that.â Those who react immediately rarely do well. Those who are somewhat suspect, they do much better.â He had two great loves in his life: his family and the New York Stock Exchange. In the age of computerized trading, the fabled NYSE trading floor still survives, though in greatly diminished form. When it was closed during the Covid pandemic, he said he was â disappointed ... but it was understandable .â Cashin was philosophical when asked about the rise of electronic trading, which has slowly but surely eroded the influence of that floor. âI miss those magnificent days when your spirit hung on the fact that you were good for your word or youâre outta here,â he once said at Bobby Vanâs, but admitted that electronic trading had improved the speed and accuracy of trading, particularly recordkeeping. Among his many friends, he will perhaps be best remembered for his modesty. He seemed genuinely puzzled about his popularity. âPeople have an interest in â in Arthur Cashin. I canât fully understand why,â he said. And when The Washington Post ran a long profile of his career in 2019, calling him Wall Streetâs version of CBS newsman Cronkite, he quipped: âI think I owe an apology to Walter Cronkite.â In lieu of flowers, the family kindly requests donations be made to the Arthur D. Cashin Jr. Memorial Scholarship at Xavier High School. Contributions may be sent to Xavier High School, 30 West 16th Street, New York, NY 10011. â CNBCâs Martin Steinberg contributed to this report.
This Monday, it was announced that social media giant Meta plans to install its own private submarine fiber optic cable that will extend worldwide. According to data from Statista, in 2023, Meta Platforms generated $133 billion in revenue through its Family of Apps (FoA) segment. The FoA of the U.S.-based tech company includes established platforms such as Facebook, Instagram, Messenger, and WhatsApp. Reality Labs, which encompasses Metaâs augmented and virtual reality products, generated just over $1.8 billion in 2022. According to a new report, Meta (the parent company of Facebook, Instagram, and WhatsApp) is expected to announce plans early next year to install over 40,000 kilometers of submarine fiber optic cables. This project could cost more than $10 billion, sources close to the company told TechCrunch. The cables would be exclusively owned by Meta, the second-largest driver of internet usage globally, accounting for 22% of all mobile traffic, according to the report. The cablesâ route would potentially extend from the U.S. East Coast to India via South Africa and then from India through Australia to the U.S. West Coast, the report stated. Experts note that the company has a long checklist of hurdles to overcome before executing these ambitious plans, including finding companies to install the cable. âThere is a really limited supply of cable ships,â Ranulf Scarborough, a submarine cable industry analyst, told TechCrunch. âThey are expensive right now and booked several years in advance. Finding available resources to do this soon is a challenge,â he added. If completed, the circuit would become the first privately owned and operated global fiber optic cable project. According to TechCrunch, Google, Amazon, Microsoft, and other major tech companies own portions of other global cable systems, but none owns a fully private line. Experts also suggest several factors motivate Meta to make such a significant investment in infrastructure. The company could privately support its vast internet traffic across its platforms, reducing dependence on telecom companies that have otherwise fallen behind in the tech race in the dawn of the internet era. Experts further note that Meta is motivated to safeguard itself from geopolitical conflicts that have resulted in both collateral and direct damage to submarine cables. Last week, a cable was cut in European waters, prompting Sweden to call on China to cooperate in an investigation that implicated a vessel controlled by the communist nation, according to the Associated Press. The companyâs planned route aims to âavoid areas of geopolitical tension,â a source close to the company told TechCrunch. In May, U.S. national security officials warned Meta, Google, and other companies that submarine internet cables might be at risk of tampering by ships controlled by China. Earlier this month, the FCC announced its first comprehensive review of submarine cable licensing rules in decades, intending to modernize regulations and ensure the security of vital infrastructure. Metaâs project is still in the early stages of development and will require years of planning, the report states. Cancela en cualquier momento Acceso exclusivo a rankings y radiografiÌas. AnaÌlisis profundos y casos de estudio de eÌxito. Historial de la revista impresa en formato digital. ÂĄDisfruta de lo mejor del marketing sin costo alguno por unmes!
Dublin Bus have said they are "actively investigating" footage which appears to show a young child being struck by a man wearing a hi-vis vest. Footage has been shared widely across social media that shows an incident which occurred at a bus stop in Ballymun along the 140 route on Friday night. In the short clip, a child can be seen interacting with another person who is standing on the steps of the bus. Moments later, a man wearing a hi-vis vest can be seen stepping forward before slapping the child with his hand. The young child then appears to fall to the ground and can be heard crying. READ MORE: Emotional scenes as mother of one Marguerita OâRourke brought to final resting place in Limerick READ MORE: Stepfather of missing Amy Fitzpatrick says no one ever accused him to his face of killing her A spokesperson for Dublin Bus told the Irish Mirror: â Dublin Bus is aware of footage showing an alleged incident occurring adjacent to a bus on the 140 route. âWe are actively investigating this footage. Dublin Bus is taking this alleged incident very seriously. The safety of passengers is of the utmost importance.â Although GardaiÌ do not comment on videos circulating online, a spokesperson confirmed that authorities are investigating an alleged assault that occurred in Ballymun on Friday. A Garda spokesperson told the Irish Mirror : âAn Garda SiÌochaÌna does not comment on third-party material and videos circulating online, the contents of which cannot be verified. âGardaiÌ are investigating a report of alleged assault that occurred in Ballymun, Dublin 11 on Friday night, 27 December. Enquiries are ongoing into the matter.â Join the Irish Mirrorâs breaking news service on WhatsApp. Click this link to receive breaking news and the latest headlines direct to your phone. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you donât like our community, you can check out any time you like. If youâre curious, you can read our Privacy Notice .In recent years, Nigeria has made significant strides in promoting financial inclusion, aiming to integrate millions of unbanked and underbanked citizens into the formal financial system. However, a surge in fraud cases threatens to derail this progress, leaving individuals and small businesses increasingly skeptical of digital financial services. According to recent data by the Financial Institutions Training Centre (FITC), there has been a spike in reported fraud cases by banks and the amount involved in fraud. Related Stories Governmentâs payment initiatives key to achieving 95% financial inclusion in Nigeria â Nandan Mer Financial inclusion, key facilitator to poverty reduction and economic prosperity â 9PSB CEO Specifically, for Q3 2024, fraud cases reported by Nigerian banks jumped by 65% from 11,532 in Q2 to 19,007 in Q3. Similarly, there was also a spike in the amount involved in fraud as the attackers attempted to steal N115.9 billion in the third quarter, marking a 105% surge compared with N56.6 billion recorded in Q2. Going by the FITC Fraud and Forgery reports for the first, second, and third quarters of the year, Nigerian banks and their customers have lost an estimated N53.4 billion to fraud in the first nine months of the year. While the reports show a minimal loss of N468.4 million in Q1, the fraudsters won big in Q2 carting away N42.8 billion in Q2, while topping it with another N10.1 billion in the third quarter. This shows a significant surge in losses compared with the total of N9.4 billion lost to fraudulent activities throughout last year. The reports further confirm the escalation of fraud across all platforms, with the rise of digital transactions further amplifying the risks. For Lagos-based trader Amaka Eze, the promise of convenience turned into a nightmare. She lost N450,000 in July this year after hackers gained access to her mobile wallet through a phishing scheme. âI had just started trusting digital payments to avoid carrying cash around. Now, I donât know if Iâll ever use my phone for transactions again, â she lamented Similarly, Daniel Ajayi, a small-scale farmer in Ibadan , saw his savings wiped out overnight. âIt took me three years to save that N1.5 million, and just like that, it was gone, â said Ajayi, who could not understand how his money was wiped out of his account despite keeping his ATM card and PIN secure. Stories like theirs have become all too common, eroding trust in digital financial platforms. The ripple effect of these fraud incidents is profound. Many Nigerians are now hesitant to open bank accounts or adopt fintech solutions, fearing they could lose their hard-earned money. For a country aiming to achieve 95% financial inclusion by the end of 2024, this skepticism poses a major hurdle. Women and rural dwellers, who are critical demographics for inclusion, are especially wary, given their limited exposure to financial literacy programs and fraud protection mechanisms. According to the 2023 Access to Finance (A2F) survey report of Enhancing Financial Innovation and Access (EFInA), despite steady advancements since the surveyâs inception in 2008, the pace of progress remains a concern, with 59 million Nigerians excluded from formal financial services in 2020, particularly impacting rural communities and women. The report further notes that the ownership and use of banking services in Nigeria still skews heavily towards the top of the wealth distribution; in the more developed districts and urban areas; as well as towards males, those with better educational achievements, and the middle-aged contributing further to inequalities across and within these categories. As part of measures to stem the tide of rising fraud in the financial system, the CBN recently directed all financial institutions in the country to establish fraud desks to help protect against electronic fraud. The purpose of these desks is to quickly respond to fraud alerts and reduce the number of successful electronic payment frauds. In addition to that, the apex also set up the National Economic and Financial Crimes Forum (NEFF), a collaborative group led by the CBN that aims to reduce fraud in the Nigerian financial system. The NEFFâs functions include: Taking proactive measures against fraud Implementing strategies to reduce fraudulent transactions Reporting fraud as soon as itâs identified Providing detailed data on fraud incidents Despite the regulatory efforts, the issue of fraud still remains a major challenge in the financial industry and a threat to financial inclusion. However, a cybersecurity expert and Unity Bankâs Chief Information Security Officer (CISO), Mr. Zechariah Akinpelu, noted that some of the losses to fraud are caused by bank customersâ carelessness. According to him, the false sense of security many individuals have regarding their ATM card protection, especially when relying solely on PIN security, could lead to major financial losses. While noting that many cardholders believe that if their card is lost or stolen, the attached PIN will prevent unauthorized transactions, he pointed out the danger of â card-not-present â (CNP) transactions, where no PIN is required to complete a purchase on certain merchant websites. âIf someone gets hold of your card details, they can make transactions on your behalf without needing your PIN,â he warned. Highlighting the global risks, Akinpelu noted that while Nigerian banks have implemented robust security measures, such as PIN and chip technology, the global nature of online shopping exposes Nigerians to vulnerabilities present in other regions. âIn Nigeria, you can feel secure that most merchant sites will require a PIN for transactions. However, we live in a global village. I can order a phone from anywhere and have it delivered to me within a few days,â he said. The Unity Bank CISO expressed worry that many Nigerian cardholders care less about the numbers on their cards but only their PIN. âThe way people carelessly handle their cards these days is concerning. People think that because they protect their cards with a PIN, even if the card gets lost, they are protected,â he stated. Aside from the need for more awareness for bank customers to be security conscious with their ATM cards and other bank details, stakeholders in the financial industry said the financial institutions still have a lot to do in restoring the peopleâs confidence in them. While expressing concern that the increasing rate of fraud across banks is eroding trust in the financial sector, the Managing Director and CEO of the FITC, Dr, Chizor Malize, suggested the deployment of Artificial Intelligence by all financial institutions to tackle the problem. According to her, emerging technologies like AI would play a critical role in combating the rise of cyber threats and digital risks, which have been exacerbated by advancements in technology. âThere is an urgent need for leveraging AI to mitigate risks and bolster the stability of the financial system,â she said. Mrs. Favour Femi-Oyewole, Group Chief Information Security Officer of Access Bank, also highlighted the need for embedded security in the financial sector due to consumersâ exposure to diverse APIs and multiple digital footprints. She called for broad-based implementation of machine learning to address the growing financial challenges and avert potential risks. Emphasising the need for collaboration among banks to tackle the menace, Femi-Oyewole said: âWe can compete on models, we can compete on strategies, on objectives and all that. When it comes to cyber security, we are all faced with the same common enemy. So, that means we have to collaborate.â Similarly, the MD/CEO of Pattison Consulting Limited, Mr. Pattison Boleigha, advocated for the wider adoption of AI tools and software to counter financial fraud. According to him, the issue of governance and regulatory oversight are also very key to ensuring that all financial institutions are doing the right things in terms of security. To that end, he urged regulators to be trained on these technologies while calling for increased consumer awareness and collaboration between consumers, operators, and regulators to combat fraud effectively. This report is produced under the DPI Africa Journalism Fellowship Programme of the Media Foundation for West Africa and Co-Develop.
Dennis Ortlieb, a Brentwood schoolteacher, has seen firsthand when families struggle and basic needs, like food and housing, arenât met. Itâs why he brought his children to the Long Island Coalition for the Homeless Stuff the Pantry donation drive Saturday morning in Amityville, where nonperishable food, toiletries and clothing were being dropped off in the nonprofitâs warehouse to later be distributed to those in need. âI just want my kids to understand what they have and they appreciate the things that they have,â said Ortlieb, 48, of Deer Park. He was part of a team of volunteers at the Long Island Coalition for the Homeless distribution center, known as the âboutique,â at 600 Albany Ave. There, the organization regularly collects donations and allows Long Islanders to shop for or request items. Organizers said Saturdayâs event, which drew around 70 people over three hours, was the first Thanksgiving-themed drive for the nonprofit and will be run annually. It included coloring activities for children, a turkey mascot and refreshments. The biggest news, politics and crime stories in Suffolk County, in your inbox every Friday at noon. By clicking Sign up, you agree to our privacy policy . âThereâs always a need,â said Greta Guarton, executive director of the Long Island Coalition for the Homeless. âBut this is a time of year that everyone feels a sense of wanting to give.â Homelessness is a growing problem on Long Island. The annual Long Island Coalition for the Homeless audit of homeless people in Nassau and Suffolk counties counted 3,928 people in January 2024, up from 3,536 people in January 2023 and 3,034 people in January 2022. The figures are only a snapshot of the wider trend of increasing rates of homelessness and need for shelter on Long Island and throughout the rest of the country. National data showed homelessness increased 12% between 2023 and 2024, largely due to people who became homeless for the first time. Experts and advocates said the expiration of a COVID-era eviction moratorium, a lack of affordable housing and defunct pandemic rental assistance programs are contributing to the rise, Newsday reported . On Long Island, Guarton said, events like Saturdayâs are focused on simplifying some of the difficult decisions people face. âA lot of times the difference between becoming homeless, or becoming at-risk or losing housing could be, âDo I pay my rent this month or do I put food on the table?â â Guarton said. âWe help to bridge that gap.â Joe Biasi, a volunteer who helps run the pantry, said donations tend to pour in during the holidays but that some essentials â like deodorant, paper towels and diapers above size 3 â are often least in stock throughout the year. Bailey Riekkinen, the community engagement specialist for the Long Island Coalition for the Homeless, said people experiencing homelessness have often endured significant trauma and that domestic violence victims are especially vulnerable, particularly women. However, other life events like a death in the family or a hospitalization can set a family or an individual back financially. âAnd from there, itâs very difficult to get out of homelessness,â Riekkinen said. With toilet paper and paper towels in hand, Michelle Tuchinsky, of Melville, said she donated Saturday to do her part in helping the community. A member of Temple Beth Toraâs Social Action Committee in Melville, she said itâs important âto keep the momentum goingâ after the holidays, when the need for support remains high.Adaniâs Australian coal unit faces human rights complaint