AP Trending SummaryBrief at 11:43 p.m. ESTI’ve been thinking about financial risk lately. Should I change my asset allocation in my retirement portfolio, considering Donald Trump’s successful bid for the White House? Stock market valuations have risen smartly in recent years, which real income growth, productivity improvements, technological innovation, low unemployment rates and healthy corporate profits have largely powered. Yet with the election of Trump, voters have approved a massive economic experiment. The Trump administration comes into power with many policy goals, but four economic initiatives stand out: Enacting significant tax cuts; imposing broad-based and significant tariffs; sweeping raids, mass deportations and tighter immigration controls; and slashing federal government regulations. The extent that these plans turn into reality and how each policy will interact with the others is uncertain. The risks are obvious. The outcome isn’t. Enter risk management, a critical concept in finance. Professionals often associate risk with volatility. The tight link makes sense, since owning assets with high volatility hikes the odds of losses if there is a pressing need to sell the asset to raise money. However, for the typical individual and household, risk means the odds money decisions made today don’t pan out. Managing risk means lowering the negative financial impact on your desired standard of living from decisions gone wrong and when circumstances take an untoward turn. “Anything that makes reaching or maintaining that more likely reduces your risk, and anything that makes this less likely increases your risk,” writes Bob French, the investment expert at Retirement Researcher. “Everything else is just details.” The key risk management concept is a margin of safety, a bedrock personal finance idea broader than investment portfolios. It can include having an emergency savings fund, owning life insurance to protect your family and investing in your network of friends and colleagues to hedge against the risk of losing your job. The right mix depends on the particulars of your situation. In my case, after studying my portfolio, running household money numbers and reviewing lifestyle goals, I’m comfortable with the asset allocation in my retirement portfolio. There is too much noise in the markets for comfort, and market timing is always tricky. The prudent approach with my individual situation is to stay the course. That might or might not be true for your household. A thoughtful and broad-based review of the financial risks your household confronts is a sensible path to take at any time, but especially at this juncture in economic history. Chris Farrell is senior economics contributor for “Marketplace” and a commentator for Minnesota Public Radio.
14 Honda Safety Features Every Cautious-Minded Driver Will Want To Know AboutChina has unveiled its next-generation high-speed train, the CR450 prototype, which has set a new global benchmark by reaching test speeds of 450 km/h. The train surpasses the current CR400 Fuxing trains, which operate at 350 km/h, making it the fastest train in the world, according to state media reports. About the High-speed train The CR450 was developed following extensive research and development that began in 2021, focusing on safety, energy efficiency, and passenger comfort. It features significant advancements, including a streamlined design that reduces energy consumption by over 20% and an optimized braking system to ensure stability and safety at high speeds. Two prototype models, the CR450AF and CR450BF, have been revealed, each featuring an eight-car formation with advanced technologies such as water-cooled permanent magnet traction systems and high-stability bogies. These innovations improve the train’s energy efficiency and performance. According to the China State Railway Group, the CR450 is expected to shorten travel times significantly. For example, the Beijing-Shanghai journey, which currently takes 4.5 hours, could be reduced to just over three hours. Further testing and refinement are underway to ensure the train’s readiness for commercial service, with a launch anticipated as early as next year. In addition to speed and efficiency, the CR450 prioritizes passenger experience with features such as increased cabin space, noise reduction technologies, and adjustable storage for bicycles and wheelchairs. Advanced materials like carbon fiber contribute to its reduced weight and superior energy efficiency, aligning with China’s sustainability goals. The unveiling of the CR450 reinforces China’s position as a global leader in high-speed rail technology. The country currently boasts the world’s largest high-speed rail network, with 47,000 kilometers of operational tracks connecting major cities. While not all routes are profitable, the network has significantly boosted economic and social development. China’s high-speed rail expertise has also been exported globally, with projects in countries like Thailand, Indonesia, and Serbia. ALSO READ: Mysterious Water Flow In Jaisalmer Forces Evacuations As Tubewell Digging In Taragarh VillageHundreds of trans patients admitted to hospital as women despite having conditions only suffered by MEN
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Blue Economy: NPA Targets 30% Trade Growth By 2030 – DantsohoBengal Bypolls: TMC Sweeps All 6 Seats Despite RG Kar Protests, Suvendu Says ‘BJP Needs To Give More Teeth To...’Fox News contributor Joe Concha on Joe Biden facing criticism from the New York Times as the president avoids ‘real questions’ from the press. The New York Times Ethicist advice column on Friday responded to a reader question about how Democratic voters should deal with close relatives who supported President-elect Donald Trump over Vice President Kamala Harris in the election. "I strongly oppose Trump, as do my wife and her family, who live nearby. I’m troubled by my mother’s support of someone I consider morally abhorrent and dangerous, especially when she voted in a former swing state," the person seeking advice wrote . "With the result of the 2024 election, my wife and her family are directing their understandable fury at my mother. My wife’s sister said, ‘‘If she voted for Trump again, I’m completely done with her.’’ I expect that the next time they interact it will not be pretty." The Ethicist has tackled a similar question in October, answering a reader's question about whether it is appropriate to leave the country if the "wrong" candidate becomes president. For the current query, the Times reader revealed, "But my mother is a member of our family, and an invaluable caregiver to our children. She’s pleasant and kind in daily life and moved far from her home primarily for us and her grandkids. And she is my mother, after all. I’m torn. My wife and her family expect me to brook no compromise and to speak out on an issue that feels existential to them (as it does to me), but because I know that her vote here doesn’t make a difference, I have trouble feeling motivated to admonish her for her past and possibly present support of Trump." The New York Times Ethicist advice column responded to a reader question about how Democratic voters should deal with close relatives who supported President-elect Donald Trump. (Getty Images / iStock) HOLLYWOOD ACTRESS DESPONDENT OVER TRUMP VICTORY FEELS 'ANXIETY' FOR PEOPLE STUCK IN AMERICA The Ethicist suggested they speak honestly with their mother about their own views, but advised against "cudgeling her with them." "Once you’ve said your piece and listened to what she has to say in her defense, repeating the same arguments over and over would be the act of a bully. Citizens, let alone family members, shouldn’t be eager to direct vitriol against people whose political views they don’t share. If the rest of your family wants to go on doing that, you should tell them that they’re being unkind and unhelpful," the NYT Ethicist suggested. The NYT author, Kwame Anthony Appiah, offered a personal anecdote. "A friend of mine who is active in progressive politics and served in the Biden administration has a mother who voted for Trump. The mother, who is Black, Southern and religiously devout, is a single-issue voter: She’s fervently opposed to abortion. My friend deeply disagrees with her mother’s position but finds it intelligible. They’ve made their peace," he wrote. Vice President Kamala Harris delivers remarks during a campaign event at the Ellipse near the White House in Washington. (AP/Stephanie Scarbrough) (AP/Stephanie Scarbrough) CLICK HERE FOR MORE COVERAGE OF MEDIA AND CULTURE The NYT author encouraged the person to remember that people are much more than "the sum of their political views." "Today, family gatherings routinely unite Catholics and Protestants, Jews and gentiles, Baptists and Episcopalians, Blacks and whites and Latinos and Asians; not so long ago, they could unite Democrats and Republicans. In perfect harmony? Far from it. But it helps to remember people are more than the sum of their political views — and that intolerance has a habit of breeding intolerance," he wrote. The column comes as others also question how to grapple with the results of the election. Yale University chief psychiatry resident Dr. Amanda Calhoun spoke to MSNBC host Joy Reid about how liberals who are devastated by Trump’s re-election can cope with the news, including separating from loved ones. CLICK HERE TO GET THE FOX NEWS APP "There is a push, I think just a societal norm that if somebody is your family, that they are entitled to your time, and I think the answer is absolutely not," Calhoun told the talk show host. "So if you are going to a situation where you have family members, where you have close friends who you know have voted in ways that are against you, like what you said, against your livelihood, it’s completely fine to not be around those people and to tell them why, you know, to say, ‘I have a problem with the way that you voted, because it went against my very livelihood and I’m not going to be around you this holiday.’" "The View" co-hosts Sunny Hostin and Whoopi Goldberg appeared to agree with the argument. Hostin said she "completely" understands Calhoun’s point about distancing oneself from family this holiday season. "I really do feel that this candidate, you know, President-elect Trump, is just a different type of candidate, from the things he said and the things he’s done and the things he will do, it’s more of a moral issue for me and I think it’s more of a moral issue for other people," she said. "We’re just — you know, I would say it was different when, let’s say, Bush got elected. You may not have agreed with his policies, but you didn’t feel like he was a deeply flawed person, deeply flawed by character, deeply flawed in morality." Hanna Panreck is an associate editor at Fox News.
The boxing world is in mourning following the loss of Paul Bamba at the age of 35 . News of Bamba's death was confirmed his agent and singer Ne-Yo on Friday. "It is with profound sorrow that we announce the passing of beloved son, brother, friend and boxing champion Paul Bamba, whose light and love touched countless lives," the heartfelt post began on Instagram. As the first boxer to join Ne-Yo's boxing agency, Bamba leaves a formidable legacy with a record of 19-3, recently claiming the WBA Gold Cruiserweight title after overcoming Rogelio Media Luna the previous weekend. Ex-world champion makes Tyson Fury retirement prediction after Oleksandr Usyk defeat Tyson Fury shows true colors in new post-fight footage after losing to Oleksandr Usyk "He was a fierce yet confident competitor with an unrelenting ambition to achieve greatness. But more than anything, he was a tremendous individual that inspired many with his exceptional drive and determination," the statement continued. "We are heartbroken by his passing and kindly ask for privacy and understanding during this difficult time as we collectively navigate our grief." Dominating the ring with an impeccable streak in 2024, Bamba challenged Jake Paul following his latest victory, asserting: "[Jake Paul] you can come get it, you can come fight for it or whatever, you can keep doing the gimmick fights. "At the end of the day, I've put in the work. You can say you've taken boxing seriously and yeah you've made a lot of money but you haven't earned anything in boxing." "If you think about how I started everything versus how everything is going now, I didn't wait for an opportunity I created one," he continued. "And I went out and grabbed it by the horns so to speak and did my thing this year. Look at the facts; 14 fights, 14 KOs in one year, how many belts have I got here?" Paul also addressed the skepticism surrounding his opponents, saying: "I know I'm the best in the world and I'm going to be [the] world champion. There's a long line out there and they can take a ticket and get in line to see who I want to fight next." Bamba, who was set to face Tommy Fury in a much-anticipated 2022 Dubai bout, expressed frustration after the cancellation due to Fury being seven pounds overweight. "It literally looks like they planned to screw me the whole time," he recounted to the Mirror. "My contract said we had to be the same weight, and they were supposed to provide me with another option like they did Tommy."VIEW FROM THE GALLERY BY MAHMUD JEGA We all thought, with the impending withdrawal of Mali, Burkina Faso and Niger Republic from ECOWAS at the end of January 2025 and the unlikelihood that they will utilise the six months period offered by ECOWAS leaders for them to have a rethink, “All will be quiet on the Northern Front,” to paraphrase from the title of Erich Maria Remarque’s 1928 novel about a German soldier’s life in World War One. Not so. Much like the German dictator Adolf Hitler, who opened a second, Eastern Front against the Soviet Union when his war against France and UK was not yet won, Nigerien military ruler General Abdourahmane Tchiani opened a Southern Front against Nigeria even when his battle to banish the French and Americans from his country was not yet won. Luckily this is not a shooting war; it is a political, diplomatic, economic, cultural, psychological and propaganda war that could however easily spin out of the Nigerien ruler’s control, much as Adolf Hitler lost control of events after launching Operation Barbarossa in June 1941. Last week, Tchiani gave a wide-ranging televised interview to a fawning journalist. Not only did the reporter not interrogate the soldier’s claims or demand for evidence, but he bent over backwards to nod in agreement at every one of Tchiani’s claims. On many occasions, he even completed his sentences for him. Critically, the interview was conducted in Hausa language. To some extent that is understandable because Tchiani probably speaks no English, only French, while most people of Niger Republic speak Hausa either as first or as second language, including Tchiani himself, who is an ethnic Zarma. But there was a more important reason. Hausa is the dominant language spoken in northern Nigeria, by tens of millions of people as first language and by some more millions as second language. Tchiani’s message is directed at them as well as at his countrymen, for two different but related reasons. Until the recent misunderstanding arose following last year’s coup in Niger Republic, the peoples of Northern Nigeria and Niger Republic see themselves as one due to deep historical ties and socio-cultural similarities. The response of ECOWAS and Nigerian government to the events in that country, especially the initial threat of military action to depose the coupists, was not well received in Northern Nigeria, where many people thought a war with Niger Republic is unthinkable. Many people in Nigeria do not really think that restoring democracy to a friendly neighbouring country is worth a war, or even sanctions that could disrupt their lives and also hurt our own border communities. ECOWAS has since backtracked from those threats, but Tchiani is intent on whipping up sentiment in the North, using the agency of Hausa language, to further upstage President Tinubu and if possible, win the support of millions of other Africans in his fight against France. And for a good reason. The soldiers who overthrew President Mohamed Bazoum, in a desperate search for legitimacy, found, whipped up and rode on anti-French sentiment like an Argentine polo pony. Sure, French colonial and post-colonial record in Africa is sordid, hence the relative ease with which it was easy to whip up feelings against it and chase its troops and military bases out of a long swathe of West Africa all the way from Chad, Niger Republic, Burkina Faso, Mali and most recently, Senegal. However, Tchiani and the soldiers did not just promise to oust the French and Americans. They also promised that their country will oust terrorists, enjoy peace and security and also experience an economic boom, allegedly because France will no longer be stealing its resources. To boot, they sought to bring in the Russians to assist with both security and economic prosperity. A year down the road, neither prospect is on the cards. Trade with Nigeria, not to mention smuggling of petrol and food, has always been a major factor in Niger Republic’s economy. Even without ECOWAS sanctions, Nigeria’s government is trying to stem the flow of subsidised petrol to our neighbours, hence Niger will feel the heat. Expected Russian help on the security front was not forthcoming either. Tchiani must have wished it was the old Soviet Union, which had global reach and power, and deep commitment in those days to strategic alliances as well as the “Brezhnev Doctrine,” which the Communist Party defined as “defending the gains of socialism worldwide.” Matters were not helped by the mysterious death of Wagner Group boss Yevgeny Prigozhin, the arrow head of Russian military intervention in Africa. He was killed in a plane crash in August last year, immediately after he returned to Russia from a visit to Niger Republic. Russia itself is so mired in its war in Ukraine that it needs help from Iran, China and North Korea. That Russia couldn’t render help recently when its most prized strategic Middle East ally, Syrian President Hafiz al-Assad, was overthrown by rebels was the best pointer yet that a Sahelian African ally should hardly rely on it to help pull any chestnuts out of a domestic fire. Most probably, it was the recent bombing of the Niger-Benin Republic oil pipeline, allegedly by the Lakurawa terrorist group, that drove General Tchiani to desperation and he began his frantic search for a scapegoat. Nigeria came in handy. Not the whole of Nigeria, but specifically the Tinubu Administration, which he hopes to destabilise by inciting the Hausa speaking section of Nigeria’s population against it. How that will bring either security or economic prosperity to his country, I am yet to figure out. The most important allegations that Tchiani made are that the Nigerian government is working to destabilise Niger Republic, that it created and sponsors the Lakurawa terrorist group, and that there are French military bases in Nigeria. With respect to the first allegation, since I am not a government official in Nigeria, I have no access to secret planning files. However, three people who have access to those files and will be privy to any such plans if they exist, namely National Security Adviser Malam Nuhu Ribadu, Information Minister Mohammed Idris and Chief of Defence Staff General Christopher Musa, have all denied that there is such a plot. I believe them. Why because, what can Nigeria possibly gain by destabilising Niger Republic? Last year, the initially stated goal of both Nigeria and ECOWAS in adopting a hostile attitude towards Tchiani and the coupists was to restore democratic rule, and if possible, restore President Bazoum to power. Those aims are all but abandoned now because neither Nigerians nor Nigeriens have exhibited a hunger for restoring democratic rule in that country. A possible reason for the Nigerian government’s initial response was the fear that a successful military coup in Niger Republic could have a contagious effect in neighbouring countries, including Nigeria. I don’t think there is a good reason for that fear now. Besides, if chaos were to envelop Niger Republic, millions of its citizens could flee to Nigeria, as happened during the 1973-74 Sahelian drought. Luckily General Yakubu Gowon is still around; we only have to ask him how he grappled with the mass inflow. Nigeria created Lakurawa terrorist group in order to destabilise Niger Republic? To begin with, all the Lakurawa men are of Nigerien and possibly Burkinabe and Malian origin, as attested to by people of northern and western Sokoto and Kebbi states who encountered them. These people know a Nigerien when they see one, from his looks, dress, accent, tribal marks, manners and ways of speaking, greeting and praying. We have 200 million plus people in Nigeria, many of them in desperate search for employment and adventure, including a lot of ex-servicemen and veteran Boko Haramists, ISWAPists and bandits. We don’t have to go very far in a search for recruits. More seriously, if Nigerian security agents created the Lakurawa army, why was it unleashed against communities in Nigeria, why is it causing so much mayhem, such that Nigerian Air Force has to drop bombs on its suspected camps, with image-damaging collateral damage on hapless villagers? Tchiani’s most specific allegation was that there are French military camps in Nigeria. He even mentioned a place, Banga, which he said is in Silame Local Government of Sokoto State, and another place in Borno State. Well, there were reports in the newspapers yesterday where communities in northern Sokoto State denied that there were any foreign military bases in the area. If there are, they will know. Even a Nigerian Army Forward Operating Base will be very visible in a local community. A foreign military base will be known to everyone. For one, white French soldiers will stand out in a local Nigerian community like an archbishop in a brothel, to borrow a French saying. Tanks, armoured vehicles, huge radars and even aircraft will be all over such a base. Tchiani knows best what a foreign military base looks like because there were several of them in his country during his 13-year stint as Head of the Presidential Guard. As NSA Nuhu Ribadu stated, we never had foreign military bases in Nigeria, but during my primary and secondary school days, I read much about the American Clark Air Base and Subic Naval Base both in the Philippines, before they were closed down in the 1990s. We also read much about America’s strategic bomber base in Diego Garcia, its Andersen Air Force Base in Guam, its naval base in Guantanamo, Cuba, as well as bases in Munich, South Korea and its Kadena Air Base in Okinawa, Japan. A foreign military base cannot be innocuous. Tchiani alleged there are such bases in Nigeria and locals say there are none. A judge who is judging over this case will invoke the legal principle of falsus in uno, falsus in omnibus. That is, “False in one, false in all.” If you tell one lie, all your other testimony is thrown out. How times change. In the 1960s, Nigerian university students staged protests against French testing of nuclear weapons in the Sahara Desert in southern Algeria, slightly to the north of Niger Republic. Prime Minister Sir Abubakar Tafawa Balewa even went to London to protest. Did Niger Republic lodge a protest? See who is now accusing the other of acquiescing in French military machinations.
The next 10-year vision of the Silicon Beach Program (SBP) is to increase technology jobs in Karnataka’s coastal region from 20,000 to two lakh, said Rohith Bhat, SBP founding-member and founder of wrkwrk, 99Games & and Robosoft, here on Saturday. Speaking at the second dialogue series of the SBP at Cuboid, wrkwrk Mindspace in Mangaluru, he said that the vision includes increasing the total start-ups in the region from 200 to 4,000 with at least five homegrown unicorns. Mr. Bhat said that increasing the regional GDP (gross domestic product) from $20 billion to $100 billion is another component of the vision. IT leaders speaking at a panel discussion during the second dialogue series of Silicon Beach Program in Mangaluru on Saturday. | Photo Credit: H.S. MANJUNATH “Our vision is to propel the local ecosystem in Mangaluru and beyond,” he said, adding making 95% of IT buildings as carbon-neutral green spaces is also part of the vision. “The SBP will work on creating a framework on building our future, while preserving our culture without destroying our nature,” Mr. Bhat said. “It seeks to transform the region from an education to a technology hub by enhancing local IT resources, talent, and infrastructure to provide world-class services and products with superior technology and talent. This will result in significant cost benefits for companies worldwide there by kickstarting a new age of growth for the region,” he said. Mr. Bhat said that over 225 companies and start-ups employing 20,000-plus IT professionals in the region now generated a revenue of $500 million per annum. Stating that the attrition rate in Mangaluru is very low, he said it is due to balanced work and life environment. Website launched A website of the SBP, www.siliconbeachprogram.com, was launched on the occasion. In addition, guidebooks on Mangaluru and Udupi-Manipal were also released. The website which gives a comprehensive information on SBP describes Mangaluru region as the “talent capital of India.” “With world-class amenities, higher happiness index, zero pollution and healthy living Mangaluru city offers 70 to 80% lower attrition rate,” it said. The website said that Mangaluru offers a cost-effective environment for global conglomerates and start-ups to establish operations. The city provides skilled talent, modern infrastructure, and lower operational costs compared to major metros, enabling businesses to maintain high-quality output while significantly reducing expenses. Mangaluru offers everything that the best cities in the world do – international airport, high-quality education, state-of-the-art healthcare, premium residential facilities, premium malls and restaurants, and tourism hotspots, it said. A panel discussion was held as part of second dialogue series. Published - December 14, 2024 08:31 pm IST Copy link Email Facebook Twitter Telegram LinkedIn WhatsApp Reddit
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