DOOM-scrolling and joining arguments on social media trap us in a cycle of bad mental health, scientists warn. They found that reading negative content online makes us unhappy — but we cannot resist looking at more when we feel down. Mental health issues are surging, with 3.8million people seeking NHS help last year compared to 2.7million in 2019. A study by University College London says that the internet is adding to people’s woes and a digital detox could help. A survey of 1,100 web users found their moods deteriorated after being shown negative content. But when they were allowed to look at whatever they wanted later, those in a bad mood were likely to look for more misery. READ MORE ON MENTAL HEALTH Study author Professor Tali Sharot said: “Our results show that browsing negative content not only mirrors a person’s mood but can actively worsen it. “This creates a feedback loop that can perpetuate mental health challenges.” Depression and anxiety are the most common mental health issues in Britain. One in two people suffer with them at some point in their lives. Most read in HealthPutin signs law letting Ukraine fighters write off bad debts
Assembly elections in Maharashtra was conducted on November 20 and the result came on November 23 in which Mahayuti coalition emerged victorious. In this backdrop, “Saffron Tsunami” in Maharashtra strongly underlines the unprecedented manifestation of Hindu unity. Hindus have restored their self-esteem by voting against anti-Hindu political parties. More significantly, Hindus, who are always divided over narrow considerations of caste, brushed caste sensitivities and voted for the larger well-being of their religion. This is an encouraging and elating reality that would have a far-reaching impact on national politics. Maharashtra is always described as a progressive state. Popular perception of the term ‘progressive’ is anti-Hindutva. The reality is that Maharashtra has decisively come out of that illusionary image this time. This process began 30 years ago. BJP, a strong advocate of Hindutva ideology, has been at the centre stage for a decade. BJP’s ally Shiv Sena (Eknath Shinde) dared to leave Uddhav Thackeray on the issue of Hindutva. The performance of the BJP in the last ten years and political developments suggest that Maharashtra has emerged as the primary inspiration for Hindutva ideology in the last decade. The 2024 Assembly election is more remarkable for Maharashtra BJP for two reasons. Firstly, the social atmosphere in the State was highly poisonous and venomous over the issue of the Maratha reservation, led by Manoj Jarange. Caste sensitivities were refreshed and fuelled by leaders like Sharad Pawar. For the first time in history, Maharashtra had witnessed such a bitter atmosphere in all walks of social life. The second reason is political. BJP paid a heavy price as a fallout of the Maratha reservation agitation in Maharashtra. At the national level, the BJP had to take help from other political parties to form the government, which demoralised the party workers. The Maharashtra Assembly election took place against the backdrop of these two issues. Therefore, the victory of the BJP and its allies is noteworthy, which will rejuvenate Hindutva at the national level. Coming into power was a herculean task for BJP. However, BJP and well-wishers of Hindutva ideology turned the tables because of their strong commitment to ‘Rashtriya Vichar’ and deep concern over increasing incidents of love jihad, land jihad and vote jihad across the country. Additionally, well-wishers of Hindutva ideology were more concerned over false narratives launched by the notorious Leftist camp over the past years. False narrative by the Leftist camp was taken as a serious threat to Hindu unity. The disastrous plan by Pawar and the leftist camp was to divide Hindus along the caste line to capture political power. However, the election results showed that an anti-national plan to divide Hindus along the caste line was outrightly and ruthlessly rejected by Hindus. They did not fall prey to any casteist campaign and kept in mind Hindu unity. BJP and its allies had impressive success in all the regions, including Mumbai, Konkan, Western Maharashtra, North Maharashtra, Marathwada and Vidarbha. This is significant as all these regions are dominated by various castes. For example, the performance of BJP and Eknath Shinde was more than remarkable in Marathwada, which was considered a bastion of Manoj Jarange and the Marath community. BJP got the highest number of seats, which were reserved for SCs and STs. Similarly, NDA partners made deep inroads in Western Maharashtra, which was considered as a bastion of Sharad Pawar. Dhangar community plays a decisive role in Western Maharashtra in around 30 Assembly constituencies. The majority of these seats were won by the NDA. However, NDA’s gigantic success was the result of several known and unknown social organisations, which helped BJP, Eknath Shinde and Ajit Pawar to defeat leftist agenda and capture power. Prabodhan Manch, is one of such organisation, which has been working for the past few years. The main agenda of Prabodhan Manch is to educate and awaken people on the issues of national interest and appeal them to vote. Prabodhan Manch also appeals to people not to use “NOTA” and vote, which it considers as a national duty. Prabodhan Manch conducted hundreds of small and big meetings across Maharashtra, which helped BJP to increase its vote share. Volunteers of Prabodhan Manch did not bother whether the meeting was attended by ten people or 1000 citizens. They carried out their duty, without any expectations. These meetings were held in cities, towns, villages and hamlets, appealing to people to perform their national duty of voting, keeping in mind national interests. Sajag Raho was the other voluntary organisation that floated ahead of the election. The purpose of Sajag Raho was to counter mischievous leftist agenda and establish a national agenda. Sajag Raho mainly concentrated on issues like Love Jihad, Vote Jihad, Land Jihad and reminded the people of the legacy of Chhatrapati Shivaji Maharaj. While Sajag Raho also conducted thousands of meetings, it did remarkable work on social media to reach the people. Campaigns by both the organisations boosted the BJP campaign and played a significant role in its victory. An equally important role was played by prominent Sant (saints) and `Kirtankars’, who are highly respected in Maharashtra. They awakened the Hindutva spirit in rural and urban areas. Response to these functions was a huge success, particularly in rural areas. Sants and Kirtankars are said to have conducted hundreds of functions, which changed the picture at the grassroots level. Such was the role of Prabodhan Manch, Sajag Raho and Sant and Kirtankars that the entire election was centred around ‘Hindutva’ in the last phase. MVA constituents are blaming EVM for their poor performance, but they are not even aware of the role played by Hindutva sympathisers at ground level. The 2024 Assembly election has emerged as the Maharashtra Model to fight the election, which mainly focuses on the participation of maximum people in voting and remembering Hindutva all the time.MANCHESTER, England : New Manchester United's manager Ruben Amorim is known for an ability to connect with players that many say his predecessor Erik ten Hag did not possess, but the 39-year-old thinks he can be stern when he needs to be. The Portuguese cut a charismatic figure in his first press conference as United head coach on Friday, and his warm rapport especially with the nine journalists who travelled from Portugal only added to his reputation for genuine likeability. But asked if he also has a ruthless side that might be needed to restore a team languishing 13th in the Premier League table ahead of Sunday's match at Ipswich Town to former glory, the former Sporting manager said it was possible to be both. "You can be the same person. There are some places to have fun. There are some places to work hard. So I can be ruthless when I have to be," Amorim said. "If you think as a team, I will be the nicest guy that you have ever seen. If there is someone just thinking for himself, I will be a different person. And I'm not like that kind of guy that wants to show that he's the boss. "They will feel it in the small details that I can be the smiling one, but then, when you have to job to do, I will be a different person, and they understand that." Amorim, known as the "poet" by Portugal and former United forward Cristiano Ronaldo for his communication skills, also erased concerns raised by British media about his English with his thoughtful answers on Friday. He stumbled only once, over the word "suspicious". Because of the international break, Amorim had only two training sessions with his squad before they take the pitch at Portman Road on Sunday ahead of a gruelling stretch of games. It is not how he would have planned his early days with his new team. "It's so much harder to come to a team in the middle of the season, because you have to get to know the players during the games," Amorim said. "(But) it depends. If you are winning, it's a lot of fun having a lot of games, trying to make some changes tactically and winning games. But if you are losing, you don't have the time in training to work out everything you want to work." Following the clash with 17th-placed Ipswich, they host Bodo/Glimt in Amorim's first game at Old Trafford, and entertain Everton in the league. The three matches are part of a packed schedule of 12 games in six weeks. "Where you can improve a team is in training. This is the most important aspect... it is really hard to do it on video or in recovering trainings," Amorim said. "But we will find ways to try to cope with that."
PNC Financial Services Group Inc. reduced its holdings in shares of MercadoLibre, Inc. ( NASDAQ:MELI – Free Report ) by 4.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,502 shares of the company’s stock after selling 334 shares during the quarter. PNC Financial Services Group Inc.’s holdings in MercadoLibre were worth $13,342,000 as of its most recent filing with the Securities and Exchange Commission. Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James & Associates increased its stake in shares of MercadoLibre by 4.8% during the 2nd quarter. Raymond James & Associates now owns 34,840 shares of the company’s stock worth $57,256,000 after purchasing an additional 1,604 shares in the last quarter. KBC Group NV increased its position in MercadoLibre by 205.5% during the third quarter. KBC Group NV now owns 26,279 shares of the company’s stock worth $53,923,000 after buying an additional 17,677 shares in the last quarter. Caprock Group LLC increased its position in MercadoLibre by 143.7% during the second quarter. Caprock Group LLC now owns 580 shares of the company’s stock worth $955,000 after buying an additional 342 shares in the last quarter. Sarasin & Partners LLP raised its holdings in shares of MercadoLibre by 168.5% in the second quarter. Sarasin & Partners LLP now owns 45,407 shares of the company’s stock worth $74,622,000 after acquiring an additional 28,494 shares during the last quarter. Finally, Parnassus Investments LLC lifted its position in shares of MercadoLibre by 3.0% in the third quarter. Parnassus Investments LLC now owns 14,903 shares of the company’s stock valued at $30,580,000 after acquiring an additional 436 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock. MercadoLibre Trading Up 1.9 % NASDAQ MELI opened at $2,005.00 on Friday. The firm has a market capitalization of $101.65 billion, a price-to-earnings ratio of 70.75, a PEG ratio of 1.31 and a beta of 1.61. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25. MercadoLibre, Inc. has a one year low of $1,324.99 and a one year high of $2,161.73. The company’s 50 day moving average price is $2,025.17 and its 200 day moving average price is $1,855.05. Analyst Upgrades and Downgrades Get Our Latest Stock Analysis on MercadoLibre MercadoLibre Company Profile ( Free Report ) MercadoLibre, Inc operates online commerce platforms in the United States. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases digitally; and Mercado Pago FinTech platform, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps. Featured Articles Want to see what other hedge funds are holding MELI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MercadoLibre, Inc. ( NASDAQ:MELI – Free Report ). Receive News & Ratings for MercadoLibre Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MercadoLibre and related companies with MarketBeat.com's FREE daily email newsletter .
San Jose Sharks (8-13-5, in the Pacific Division) vs. Seattle Kraken (11-12-1, in the Pacific Division) Seattle; Saturday, 10 p.m. EST BETMGM SPORTSBOOK LINE: Kraken -211, Sharks +174; over/under is 6 BOTTOM LINE: The San Jose Sharks visit the Seattle Kraken after Jake Walman's two-goal game against the Seattle Kraken in the Sharks' 8-5 win. Seattle has gone 11-12-1 overall with a 3-3-0 record against the Pacific Division. The Kraken have a 10-2-1 record in games they score three or more goals. San Jose has gone 8-13-5 overall with a 3-5-0 record in Pacific Division play. The Sharks are 10th in the league serving 8.5 penalty minutes per game. Saturday's game is the second meeting between these teams this season. The Sharks won 8-5 in the last matchup. Walman led the Sharks with two goals. TOP PERFORMERS: Jared McCann has nine goals and 13 assists for the Kraken. Brandon Tanev has four goals and four assists over the past 10 games. Fabian Zetterlund has nine goals and 10 assists for the Sharks. Macklin Celebrini has five goals and four assists over the past 10 games. LAST 10 GAMES: Kraken: 6-4-0, averaging 2.9 goals, 4.3 assists, two penalties and 4.3 penalty minutes while giving up 2.6 goals per game. Sharks: 3-4-3, averaging 3.7 goals, 6.4 assists, 3.1 penalties and 7.3 penalty minutes while giving up 3.2 goals per game. INJURIES: Kraken: None listed. Sharks: None listed. ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar . The Associated PressWhen will Westry make his debut? ‘Hopefully, fingers crossed, soon’
FILE PHOTO: Nov 22, 2024; Washington, District of Columbia, USA; Boston Celtics forward Jayson Tatum (0) drives to the basket as Washington Wizards forward Alexandre Sarr (20) defends in the first half at Capital One Arena. Geoff Burke-Imagn Images/File Photo The Boston Celtics will attempt to extend their winning streak to five on Sunday when they face the visiting Minnesota Timberwolves. The reigning NBA champions are coming off one of their worst offensive performances of the season, but still beat the host Washington Wizards 108-96 on Friday in an NBA Cup matchup. Boston, which improved to 8-1 on the road, shot 42.4 percent from the floor (36-of-85), including 23.9 percent (11-of-46) from 3-point territory. Jayson Tatum, Boston's leading scorer (29.1 ppg), was 0-for-10 on 3-point attempts. Jaylen Brown tossed in a game-high 31 points to go with 11 rebounds and five assists for the Celtics, who trailed by two at halftime before outscoring the Wizards 59-45 in the second half. "We came out a little bit sluggish," Brown said. "We lacked some energy, but I think we picked it up in the third and the fourth. Just enough to get us over the hump and win the game, but a slow night for us. Settled for a lot of shots. Gotta be better." The 108 points matched Boston's lowest scoring output of the season and came against a Wizards team that entered Friday last in the NBA in several defensive categories. Boston, which ranks second in the NBA at 120.7 points per game, also scored 108 in a four-point overtime victory over Brooklyn on Nov. 8. "It's good to win a game when you're not playing at your best offensively, and we had three 25-point quarters defensively," Celtics coach Joe Mazzulla said. "You've got to win different ways, and winning down the stretch and doing that with your defense is good." After Mazzulla received a technical foul in the third, the Celtics scored 12 of the next 18 points and took a 75-72 lead into the final quarter. "(The tech) changed the energy in the arena," Mazzulla said "Did you feel that?" It wasn't really about energizing the team. I think it was just manipulating the environment. I thought it was what the environment needed at the time." Minnesota received a 26-point performance from Anthony Edwards and 23 points from Julius Randle but dropped a 110-105 decision at Toronto on Thursday. The Timberwolves fell to 3-5 on the road. Jaden McDaniels added 22 points for Minnesota, which received 13 points and 11 rebounds from Rudy Gobert. The Timberwolves have lost four of their last six. Randle called Thursday's loss the low point for the Timberwolves this season. "I know we'll turn it around," Randle said. "I have faith in everybody in this locker room that we'll turn it around, but at this point we gotta look (ourselves) in the mirror and decide what type of team we want to be on a consistent basis. We've had great games, we've had not great games. Myself included. I have to look myself in the mirror and say I gotta be better. "We gotta be professional and understand that it's about us as a team, us every night coming out building the right habits, doing the right things." Edwards is averaging 27.9 ppg as Minnesota's leading scorer. The Timberwolves are averaging 113.3 ppg and allowing an average of 111.0 ppg. The Celtics enter Sunday 5-2 at home. --Field Level Media REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you. Read 3 articles and stand to win rewards Spin the wheel now
NoneKingsview Wealth Management LLC decreased its stake in shares of Halliburton ( NYSE:HAL – Free Report ) by 12.0% during the 3rd quarter, Holdings Channel reports. The firm owned 9,694 shares of the oilfield services company’s stock after selling 1,323 shares during the period. Kingsview Wealth Management LLC’s holdings in Halliburton were worth $282,000 as of its most recent SEC filing. A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Pacer Advisors Inc. increased its holdings in Halliburton by 23.1% during the third quarter. Pacer Advisors Inc. now owns 16,782,174 shares of the oilfield services company’s stock worth $487,522,000 after buying an additional 3,150,986 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Halliburton by 20.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 10,087,115 shares of the oilfield services company’s stock worth $340,752,000 after purchasing an additional 1,681,620 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Halliburton by 1.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 7,342,857 shares of the oilfield services company’s stock valued at $248,042,000 after purchasing an additional 83,894 shares during the period. Thrivent Financial for Lutherans lifted its stake in Halliburton by 22.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 5,520,383 shares of the oilfield services company’s stock valued at $160,367,000 after purchasing an additional 995,649 shares during the last quarter. Finally, Brandes Investment Partners LP grew its holdings in Halliburton by 15.1% during the second quarter. Brandes Investment Partners LP now owns 4,279,478 shares of the oilfield services company’s stock worth $144,516,000 after purchasing an additional 560,325 shares during the period. Institutional investors own 85.23% of the company’s stock. Halliburton Stock Performance HAL opened at $31.86 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.62 and a current ratio of 2.21. Halliburton has a 52-week low of $27.26 and a 52-week high of $41.56. The firm has a market cap of $27.99 billion, a P/E ratio of 11.10, a price-to-earnings-growth ratio of 3.93 and a beta of 1.89. The business’s fifty day moving average is $29.72 and its 200-day moving average is $31.85. Halliburton Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Wednesday, December 4th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.13%. The ex-dividend date is Wednesday, December 4th. Halliburton’s payout ratio is presently 23.69%. Analysts Set New Price Targets Several research firms have issued reports on HAL. BMO Capital Markets dropped their price objective on Halliburton from $40.00 to $38.00 and set a “market perform” rating on the stock in a research note on Thursday, October 10th. Benchmark restated a “buy” rating and issued a $40.00 price target on shares of Halliburton in a research note on Friday, November 8th. UBS Group reduced their price objective on shares of Halliburton from $41.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Raymond James dropped their price objective on shares of Halliburton from $41.00 to $37.00 and set a “strong-buy” rating on the stock in a research report on Friday, November 8th. Finally, Royal Bank of Canada downgraded shares of Halliburton from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from $44.00 to $37.00 in a report on Friday, September 13th. Four equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Halliburton currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.74. Read Our Latest Analysis on HAL Halliburton Profile ( Free Report ) Halliburton Company provides products and services to the energy industry worldwide. It operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems. Featured Stories Want to see what other hedge funds are holding HAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Halliburton ( NYSE:HAL – Free Report ). Receive News & Ratings for Halliburton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halliburton and related companies with MarketBeat.com's FREE daily email newsletter .
The PGA Tour is making the most sweeping changes to its eligibility in more than 40 years by eliminating 25 tour cards, along with shrinking the size of its fields. The all-exempt tour had been in place since 1983, meaning the top 125 players from the official money list — now the FedEx Cup standings — kept a full PGA Tour card the following season. That changes in 2026 after the PGA Tour policy board approved a new priority list on Monday. Only the top 100 players will earn full tour cards for the following year. The top 30 from the developmental Korn Ferry Tour used to advance to the PGA Tour. That number now goes to 20. Five players from qualifying school will get cards — it previously was the top five and ties. The tour also is doing away with 156-man fields except for two tournaments held on multiple courses. Most tournaments will have 120 players before Daylight Saving Time, then 132 players in spring and a maximum of 144 players in the summer months. Here's a look at what's behind the changes and what it means: Why is there a need to reduce the number of full PGA Tour cards? The all-exempt tour led to a bloated membership in which nearly 200 players were on the membership rolls through one exemption or another, and those toward the bottom of the priority list could not get into all the tournaments they wanted to play. Those who graduated from the Korn Ferry Tour, for example, could only get in three or four tournaments over the first few months of the season, giving them a disadvantage. The PGA Tour believes that limited full status to the top 100 instead of the top 125 will give everyone who earns a card a fair chance at getting into regular tournaments. How does the PGA Tour priority list work? Priority to get into tournaments starts with winners of the majors and The Players Championship over the last five years; winners of the Arnold Palmer Invitational, Memorial and Genesis Invitational the last three years; tournament winners the last two years and career money leaders. Next are the top 125; players who have been given a medical extension; and then the 45 players who earned cards from the Korn Ferry Tour, European tour and Q-school. After that are those who finished from No. 126 to No. 150 in the FedEx Cup. All of them have PGA Tour cards. But there's not room for them in every tournament. Who benefits from the PGA Tour changes? The most common refrain in golf is to play better to get better status. Those who perennially finish in the top 100 should have no trouble keeping their cards, and they will have fewer players to beat because the fields will be smaller. It also helps newcomers from the Korn Ferry Tour, European tour and Q-school. They can expect to get into every regular tournament, increasing their odds of getting into some of the $20 million signature events. The PGA Tour, already the strongest circuit in golf, is likely to be even more competitive with a greater chance of the top names in contention. The tour also hopes — this is still to be determined — it will improve the pace of play and keep rounds from spilling over into the next day. Who is hurt by the new PGA Tour rules? Players like Peter Malnati and Taylor Pendrith come to mind. Under the new system, neither would have had a full PGA Tour card this year and likely would not have been in the fields for the tournaments they won — Malnati at the Valspar Championship and Pendrith at the CJ Cup Byron Nelson. Those wins make them exempt through 2026. Players who have not performed consistently well, who seem to struggle each year just to finish in the top 125, will have to be at their best to stay on tour. What happens to the dreamers of pro golf? The PGA Tour also is reducing the four spots from Monday qualifiers at open tournaments. Now there will only two spots for the 132-man fields and none for fields of 120 players. One of golf's charms is how one week can change a career. Then again, there has been only one Monday qualifier to win in the last five years — Corey Conners in the 2019 Texas Open. When do the PGA Tour changes start? The new eligibility starts in 2026, so that puts a huge emphasis on playing well this year knowing that only the top 100 will keep full status. Does this affect golf's majors? The four majors are not run by the PGA Tour. The Masters has the smallest field, typically fewer than 100 players. The U.S. Open, British Open and PGA Championship have 156-man fields. The Players Championship, the premier event run by the PGA Tour, is reducing its field from 144 players to 120. ___ AP golf: Doug Ferguson, The Associated PressThe last 10 years (of shifts in world politics) have been terrible, and it’s easy to get depressed about that. I don’t have much of a choice. What would I do if I give up? It is depressing. Sometimes in a frightening way, because if we don’t act now, I think our children’s future is essentially doomed.... Maybe, not the children in the US, but the children in India. I do feel for their future....” Perhaps not what you would expect to hear from an accomplished, welltravelled gastronome who won the Nobel memorial prize in economics five years ago. However, a changing political milieu and looming setback to causes he holds so close could leave a feeling, even if fleetingly, that the space is shrinking in an arduous intellectual combat. Assembly Election Results Live Updates Maharashtra Election Results Jharkhand Election Results Bypoll Election Results Abhijit Banerjee wears a pensive look, soaking in the autumn sun pouring through the window of his room in Boston, as he joins on a video call three days after a triumphant Donald Trump declared his victory in the US presidential elections. Advent of Trump “I think it’s a disaster for the world that Trump won. From the climate point of view, from the point of view of fiscal, I think the US will hit its own crisis. Whenever you cut taxes, tax collection falls—it’s always true, no matter what the people on the right tell you. The US is always in a budgetary crisis. And when the tax collection falls, the crisis will get worse, and then some poor Democrat will have to come and cut benefits to balance the budget. Social security is running out. I think, basically, the US has perhaps not put itself on a path that’s sustainable for itself,” says the MIT professor. “US will have to figure out some ways of raising revenue. I am sure he (Trump) will cut taxes for his friends. I am sure Mr Elon Musk won’t have to pay any tax, but I don’t see any reason why we should take that as a stable situation. I don’t think the US can afford it.” Banerjee, 63, embodies the disquiet of a large cohort of academicians, intellectuals and artists across the world, particularly in the US, who fear that the advent of Trump could skew the odds in the battle against inequality, poverty and global warming. Indeed, Trump’s dramatic comeback and the pervasive impact that American politics and policies could have on the rest of the world could even mean a relatively lesser buy-in for measures like giving lump-sum amount of cash to low-income families or guaranteeing them a minimum income every month—interventions that the Nobel couple, Banerjee and his wife Esther Duflo, advocate on the basis of multiple, careful field research to improve the conditions of the poor. While cash transfers can degenerate to a quid-pro-quo deal to buy votes, it has found favour among many policymakers amid a realisation that the income disparity and inequality, having worsened in the past few decades, is too wide to be corrected through market forces. 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We should have a less complicated fiscal system. I firmly believe we should move towards a more direct taxation of income. We rely too much on indirect taxation which tends to be regressive, at least not very progressive,” he says. Make tax havens fall in line: The war against tax havens, triggered by the 2008 meltdown that left many sovereigns virtually bankrupt, has moved in fits and starts since then. Today, hundreds of countries who have joined the high table to cut tax evasion have yet to agree on a minimum global tax. Banerjee, though hopeful that there would be some meeting of minds, and tax havens would slowly fall in line, feels that under the changed circumstances, one should not raise hopes for Washington to chip in. “Switzerland has become much more compliant. So, we should not give up on this. It can take a long time. There is some movement. Most governments realise that this is the enemy. I think what is happening, which is interesting, is that there is a lot of thinking among economists on how to design mechanisms to discipline tax havens. For example, by saying that if you own a house here, you will have to pay taxes here. Let people go and live in tax havens. That would discipline a lot of people. The problem is they live in nice places and put their money in tax havens. There are loopholes that governments have deliberately left and those could be closed.” Cuisine & Economics The MIT professor has joined ET for a freewheeling chat over a weekend as authors, nudged by publishers, do before sending out a new book to the world. His new book is titled Chhaunk, the North Indian kitchen coinage for a sprinkling of spices and hot oil that creates the zing and zest of extra flavour. Banerjee, who honed his cooking skills during the pandemic, makes a clever use of food and recipes in the book, a collection of expressive essays (some of which had appeared as newspaper columns) to connect complex economic and social issues with a diverse choice of cuisine and relatable experiences and ideas, freely drawing on his memories and encounters with characters during his travels, and boyhood days in Calcutta of the 1970s, sometimes weaving in nostalgia, lessons from history and findings of academic research. He takes on questions, ponders and pauses in what looks like a relaxed morning, to share his views—often strong and unequivocal—on why globalisation is tough to reverse, the changing nature of immigration, correcting the cash-transfer mechanism, the pitfalls of China, the fate of economics and the sense of denial on serious issues like climate change among many Americans. US in denial, China in turmoil “I think in many countries of the world the young are frightened about the future of the world. I think in the US, there’s generally a strong appetite for—‘fill those gas guzzlers and drive on the highway’. There is a lack of understanding, a denial—like, it’s not our problem, it would be the problem of those shithole countries,” says Banerjee who, while sharing a recipe of the Vietnamese inspired Mango Tea , explains in the book how societies would change unrecognisably as summers become unbearably hotter and increase isolation. The essay “One Chineej, Many Chinas” on China’s magnificent but often-not-realised diverse food traditions points out that Xi Jinping’s primary challenge is to keep the varied domestic constituents happy when the economy is faltering. Asked whether these differences could boil over if there is a trade retaliation, the professor says, “I am no expert on China, but I am not clear that the tariffs are particularly hurting China. The Chinese government is very able to point to American misbehaviour, Mr Trump’s idiocy, to keep domestic constituents less unhappy. But if he (Trump) actually manages to hurt the Chinese, then they might have their own crisis. They are under pressure to keep this narrative of endless growth going. And that might be an issue.” The Chinese peril reminds Banerjee of the Japanese proclivity in 1989-90 to use government investment policy to drive growth and everything. “This was the mistake the Japanese made. They kept pump priming to substitute China. The US has thought of it, it’s trying, like, India, the Philippines, Vietnam and Bangladesh. Hopefully, all of that would work. We should grow and China can’t keep growing, but it’s not easy. Supply chains are very, very complicated objects. In the end, Chinese currency could go down, and people would buy from China. I am not convinced that despite the governments beating their chests, there would be a substantial movement in trade.” Economic commentators are sometimes reminded of the 1920s when trade shrunk after the end of World War I amid multiple changes in policy, society and labour markets glutted with war veterans. “But the volume of trade is enormous now. What we don’t take into account is the complexity— the number of countries we take inputs from to produce. It’s hard to think of undoing all that easily. Yes, there may be some price adjustments, renminbi may fall.” Selective Migration? Still, changes could manifest in different forms. “Right now, the rhetoric is on regulated immigration. You can see that in Singapore or the Gulf countries, where there is a willingness to accept what is essentially a two-class society, where one group of people are temporary migrants, with temporary visas and limited rights, working for low wages, who make a lot of money, go back home and are replaced by others. I think Europe is looking enviously at that model, so are Japan and Korea. I suspect some of these countries would experiment with some of these things where there could be political support—like taking care of the elderly which few young people want to do... (for them) immigrants are bad but not those who take care of their grandmom. That’s an interesting issue for the next 10 years,” says Banerjee. He touches upon the exaggerated sense of risk among immigrants, the plight of the elderly (in India) as joint families decline and their comfort foods in the essays “The Nostalgia Diet” and “The Burden of Age” In fact, most say caregiving is a job that (at least, till now) has no threat from artificial intelligence (AI) which continues to cast a lengthen- ing shadow on the fate of many professions. “In India, you should be petrified (of AI). There’s a lot of talk, but the kind of jobs that would be lost are BPO jobs, and whether they can be replaced by more high-end jobs is a question on which I have not come across a lot of talk. You will require a whole upscaling of BPO workers, at the very least,” he muses while admitting that he finds it difficult to read the tea leaves of the Indian economy, thanks to conflicting data on subjects like employment— though he admires that the RBI and New Delhi could resist the temptation of low global interest rates and refrain from foreign currency borrowing, a path that pushed many economies to the brink. Rationalise cash transfers A year ago, the Indian-American economist Ashoka Mody, who took a deeply pessimistic view in his book India is Broken, prescribed universal basic income (UBI), among other things. “I don’t think Mody is wrong about all the things that are wrong. Maybe, he is wrong about the whole recipe. I don’t think anyone is arguing for a generous UBI for India, certainly not me. If you read my recent paper on the design of social transfer, it does not make that case. But we could rationalise our arcane system of transfer. I am not sure the gains from having many different transfers justify the bureaucratic costs and exclusion it generates. I think we have a good bunch of highly skilled entrepreneurs, but our education and healthcare system sucks for half the population... there are many positives and negatives, but I don’t understand why they add up to what we see,” says Banerjee. Economics isn't broken: After the collapse of 2008, economists had shared the blame with central banks, which came across like flawed icons. It had stoked the simmering discourse whether economics, often steeped in mathematics, needs to reform to grasp ground realities. Is economics broken as a discipline? Has it failed? No, says the man whose areas of interest include political economy and development economics. “I think we are in a better place now.... This morning, I was writing something, and I was trying to think about how completely terrible economics was in the 1980s, how naïve, market-focused, completely institutionally unfounded—everything was about incentives. Economics as a field has improved vastly. There’s a long way to go, but are we where we were in the ’80s? No. We are much more sophisticated. We understand markets well, we understand that the idea of market fundamentalism does not work, why it does not work. It has become empirical, better founded in reality. Still, it may not be great, but much better.” No matter how tied-to-the-world economics may have evolved into, the economist, however, would not start a business—not even a restaurant: the grease fire in the kitchen stresses him out, managing men tests his patience and frequent closure notices of restaurants haunt him. He would rather cook, and think, in the confines of his home. So what would he rustle up for lunch? “I am not at home. We are visiting my sister-in-law... We will eat very well, I am sure,” he smiles—for the first time during the conversation. Assembly Election Results Live Updates Maharashtra Poll Results Highlights 2024 Jharkhand Poll Results Highlights 2024 (You can now subscribe to our Economic Times WhatsApp channel )
Arizona (7-8) at Los Angeles Rams (9-6) Saturday, 8:15 p.m. EST, NFL Network BetMGM : Rams by 6 1/2. Against the spread: Cardinals 9-6; Rams 8-7. Series record: Rams lead 50-41-2. Last meeting: Cardinals beat Rams 41-10 in Glendale, Ariz. on Sept. 15. Last week: Cardinals lost to Carolina 36-30, OT; Rams beat New York Jets 19-9. Cardinals offense: overall (11), rush (5), pass (20), scoring (14). Cardinals defense: overall (20), rush (22), pass (13), scoring (T-13). Rams offense: overall (15), rush (20), pass (13), scoring (17). Rams defense: overall (24), rush (25), pass (19), scoring (21). Turnover differential: Cardinals minus-4; Rams plus-5. WR Marvin Harrison Jr. has had a relatively productive rookie season with 51 catches for 726 yards and seven touchdowns. But it’s also true that he hasn’t always looked like the true franchise changing force the Cardinals expected when they took him with the No. 4 overall pick. Arizona might be out of the playoff race, but Harrison’s development continues to be a major focus for the team down the stretch. RB Kyren Williams is coming off his best game of the season after rushing for 122 yards and a touchdown on 23 carries to help Los Angeles grind out a win at the Meadowlands. He hardly factored into the first meeting against Arizona, a game the Rams trailed 14-0 halfway into the first quarter and 24-3 at halftime, getting 12 carries and running for 25 yards and a touchdown behind a battered offensive line. Cardinals QB Kyler Murray vs. Rams defensive line. Los Angeles had no answers for Murray in September as he threw for 266 yards and three touchdowns without an interception and added 59 yards rushing. But their defensive front is much more cohesive than it was in the second week of the season, with rookies Jared Verse and Braden Fiske proving to be menaces in the backfield. If Murray feels that pressure and can’t keep his eyes downfield, the Rams will be in much better shape to limit Arizona’s passing game. The Cardinals have been beat up over the past two games. Both of the starting tackles — Paris Johnson Jr. (knee) and Jonah Williams (knee) — are out for the season after they were put on injured reserve this week. Others such as RB James Conner (knee), LB Baron Browning (neck), LB Mack Wilson Sr. (concussion) and DL Darius Robinson (calf) have been limited during practice. ... The Rams are in good shape, a far cry from where they were to start the season. RT Rob Havenstein was the only name on their injury report through Wednesday, when he was limited because of a shoulder injury. Arizona has not swept the season series since 2014 when the Rams were playing in St. Louis. ... The Rams and Cardinals have split the past four meetings. Arizona had dropped 11 of the previous 12 in the series. ... Los Angeles is 3-2 against Arizona since moving into SoFi Stadium in 2020, kickstarting its run to the Super Bowl after the 2021 season with a 34-11 win in an NFC wild-card game. The Cardinals have lost four of their past five games and were eliminated from the playoff race after last week’s 36-30 loss to the Carolina Panthers. The Cardinals have made the playoffs just once over the past nine seasons. That was in 2021 ... Harrison had four catches for 130 yards and two TDs vs. the Rams in Week 2. All of that production came in the span of seven plays in the first quarter. ... The Cardinals are No. 5 in the NFL with 145.8 yards rushing per game. They also rank No. 2 with 5.28 yards per carry. ... Chad Ryland has made 25 field goals since his debut in Week 5, which ranks fourth in the NFL over that span. ... Safety Budda Baker has a career-high 148 tackles this season, which broke his previous high of 147 set in 2019. ... James Conner has 1,500 yards from scrimmage this season, including 1,090 rushing and 410 receiving. ... Trey McBride has caught 91 passes this season, which is a franchise record at tight end for the Cardinals. ... The Rams can clinch a playoff spot with a win and either a Seahawks loss or tie or a series of results elsewhere to secure the strength of victory tiebreaker. ... Rams QB Matthew Stafford threw for 110 yards against the Jets. Los Angeles has won all four games this season where Stafford has finished with fewer than 200 yards through the air. ... WR Puka Nacua had a record-setting rookie season, but Arizona was the one team that kept him in check. Nacua made four catches in each of the two meetings in 2023, finishing with 26 and 27 yards. ... The Rams didn’t have LT Alaric Jackson (suspension), LG Steve Avila (knee) or Nacua (knee) in the Week 2 game against the Cardinals. ... Los Angeles has run for at least 132 yards in four straight games, with Williams accounting for at least 87 yards in each outing that span. Cooper Kupp likely sank many a fantasy title push with his limited production over the past month, and the Rams WR should remain on benches this week for any owners still in the mix. Kupp has topped 44 yards receiving once in his past five games against Arizona. AP NFL:
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From gentle exercise videos to fall prevention tips to guided meditation for mental clarity and relaxation, keeping Northumberland County seniors safe and well at home is the aim of a new initiative created by Northumberland Paramedics as part of its community paramedicine program. Northumberland Paramedics recently announced the launch of a virtual wellness library, designed to connect seniors in their own homes with online resources and videos to help improve their health and well-being. Created in partnership with Community Care Northumberland (CCN), the Town of Cobourg, and the Cobourg Community Centre, the wellness library is geared toward seniors but includes a broad range of resources that are suitable for people of all ages and fitness levels. “By engaging our partners through networks like the Ontario Health Team of Northumberland — such as Community Health Centres of Northumberland and CCN — we’ve been able to produce this library to bring resources already in the community into people’s homes, removing barriers and creating connections,” Northumberland Paramedics chief Susan Brown told kawarthaNOW. “This is another way to action our commitment with the community paramedicine program to take a holistic approach to wellness, connecting physical, mental, and social well-being,” Brown said. Resources in the community paramedicine wellness library include seated or stabilized workout videos featuing 30 or 40-minute gentle exercise classes designed to improve flexibility and strength, tips and video resources to help seniors reduce the risk of falls and maintain independence, and meditation resources with guided sessions designed to reduce stress, improve mental clarity, and enhance relaxation. “Many of our clients are looking to stay active and maintain their independence,” Brown said. “This tool connects residents to resources and classes available in the community, through a virtual platform that aims to help to reduce barriers for those unable to access these resources in person.” “The virtual library promotes independence by encouraging regular fitness activities to improve strength and mobility, while also boosting mental health and fostering connection to reduce isolation.” The virtual library is available at northumberland.ca/wellnesslibrary . Northumberland Paramedics’ community paramedicine program deliver non-emergency in-home health care directly to residents in need. These preventative care programs support vulnerable community members and seniors in the community, while also helping to manage the high demand for emergency services, hospitals, and clinics. Clients can access health services on the telephone 24/7 and on-site services from 6 a.m. to midnight. Services provided through home visits include 12-lead electrocardiograms, oxygen saturation tests, blood draws (for homebound individuals with barriers to in-home lab work), blood glucose readings, weight measurements, urinalysis, and the monitoring of of vital signs to prevent the escalation of chronic medical conditions.Duke rallies from 14 down, beats Wake Forest 23-17 on final-play pass
