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Powell: Fed's independence from politics is vital to its interest rate decisions WASHINGTON (AP) — Chair Jerome Powell said the Federal Reserve’s ability to set interest rates free of political interference is necessary for it to make decisions to serve “all Americans” rather than a political party or political outcome. Speaking at the New York Times’ DealBook summit, Powell addressed a question about President-elect Donald Trump’s numerous public criticisms of the Fed and of Powell himself. During the election campaign, Trump had insisted that as president, he should have a “say” in the Fed’s interest rate policies. Despite Trump’s comments, the Fed chair said he was confident of widespread support in Congress for maintaining the central bank’s independence. UnitedHealthcare CEO kept a low public profile. Then he was shot to death in New York NEW YORK (AP) — Brian Thompson led one of the biggest health insurers in the US but was unknown to the millions of people his decisions affected. The fatal shooting of UnitedHealthcare's chief executive on a midtown Manhattan sidewalk early Wednesday swiftly became a mystery that riveted the nation. Police say it was a targeted killing. Thompson was 50. He had run health care giant UnitedHealth Group Inc.'s insurance business since 2021. It provides health coverage for more than 49 million Americans. He had worked at the company for 20 years. The business run by Thompson brought in $281 billion in revenue last year. Thompson's $10.2 million annual compensation package made him one of the company’s highest-paid executives. Trump nominates cryptocurrency advocate Paul Atkins as SEC chair President-elect Donald Trump says he intends to nominate cryptocurrency advocate Paul Atkins to chair the Securities and Exchange Commission. Atkins is the CEO of Patomak Partners and a former SEC commissioner. Trump calls Atkins a “proven leader for common sense regulations.” In the years since leaving the SEC, Atkins has made the case against too much market regulation. The SEC oversees U.S. securities markets and investments. If confirmed next year by the new Republican-led Senate, Atkins would replace Gary Gensler, who's been leading the U.S. government’s crackdown on the crypto industry. Atkins was widely considered the most conservative SEC member during his tenure and known to have a strong free-market bent. Australia is banning social media for people under 16. Could this work elsewhere — or even there? It is an ambitious social experiment of our moment in history. Experts say it could accomplish something that parents, schools and other governments have attempted with varying degrees of success — keeping kids off social media until they turn 16. Australia’s new law was approved by its Parliament last week. It's an attempt to swim against many tides of modern life — formidable forces like technology, marketing, globalization and, of course, the iron will of a teenager. The ban won’t go into effect for another year. But how will Australia be able to enforce it? That’s not clear, nor will it be easy. White House says at least 8 US telecom firms, dozens of nations impacted by China hacking campaign WASHINGTON (AP) — A top White House official says at least eight U.S. telecom firms and dozens of nations have been impacted by a Chinese hacking campaign. Deputy national security adviser Anne Neuberger offered the new details Wednesday about the breadth of the sprawling Chinese hacking campaign that gave officials in Beijing access to private texts and phone conversations of an unknown number of Americans. Neuberger divulged the scope of the hack a day after the FBI and the Cybersecurity and Infrastructure Security Agency issued guidance intended to help root out the hackers and prevent similar cyberespionage in the future. White House officials cautioned that number of telecommunication firms and countries impacted could still grow. District of Columbia says Amazon secretly stopped fast deliveries to 2 predominantly Black ZIP codes The District of Columbia is alleging in a lawsuit that Amazon secretly stopped providing its fastest delivery service to residents of two predominantly Black neighborhoods in the city. The district says the online retailer still charged residents of two ZIP codes millions of dollars for a service that provides speedy deliveries. The complaint filed on Wednesday in District of Columbia Superior Court revolves around Amazon’s Prime membership service. The lawsuit alleges Amazon in mid-2022 imposed what it called a delivery “exclusion” on the two low-income ZIP codes. An Amazon spokesperson says the company made the change based on concerns about driver safety. The spokesperson says claims that Amazon's business practices are discriminatory are “categorically false.” Biden says 'Africa is the future' as he pledges millions more on the last day of Angola visit LOBITO, Angola (AP) — President Joe Biden has pledged another $600 million for an ambitious multi-country rail project in Africa as one of the final foreign policy moves of his administration. He told African leaders Wednesday that the resource-rich continent of more than 1.4 billion people had been “left behind for much too long. But not anymore. Africa is the future.” Biden used the third and final day of his visit to Angola to showcase the Lobito Corridor railway. The U.S. and allies are investing heavily to refurbish train lines in Zambia, Congo and Angola in a region rich in critical minerals to counter China's influence. The end of an Eras tour approaches, marking a bittersweet moment for Taylor Swift fans NASHVILLE, Tenn. (AP) — The global phenomenon that is Taylor Swift’s Eras Tour is coming to an end after the popstar performed more than 150 shows across five continents over nearly two years. Since launching the tour in 2023, Swift has shattered sales and attendance records. It's even created such an economic boom that the Federal Reserve took note. But for many who attended the concerts, and the millions more who eagerly watched on their screens, the tour also became a beacon of joy. It's become a chance not only to appreciate Swift’s expansive music career, but also celebrate the yearslong journey fans have taken with her. US senators grill officials from 5 airlines over fees for seats and checked bags A U.S. Senate subcommittee is taking aim at airlines and their growing use of fees for things like early boarding and better seats. Members of the Senate Permanent on Investigations say airlines have raised billions of dollars by imposing fees that are getting hard to understand and even harder to avoid paying. The senators and the Biden administration call them “junk fees,” and they say the extra charges are making travel less affordable. Some senators expressed frustration during a hearing on Wednesday hearing when airline executives couldn't explain how they set various fees. Airlines say fees let consumers pay for things they want, like more legroom, and avoid paying for things they don't want. OpenAI's Sam Altman 'not that worried' about rival Elon Musk's influence in the Trump administration OpenAI CEO Sam Altman is locked in a legal dispute with rival Elon Musk. But he says he is not that worried about Musk’s influence in the incoming Trump administration. Altman told a New York Times conference Wednesday that he may turn out to be wrong but he believes strongly that Musk will do the right thing and won't use his political power to hurt competitors. Musk was an early OpenAI investor and board member. He sued the artificial intelligence company earlier this year alleging that it betrayed its founding aims of benefiting the public good rather than pursuing profits.None
BOSTON (AP) — Jaylen Brown scored the Celtics’ first 15 points on five consecutive 3-pointers and finished with 29 points, before Boston withstood a late charge to beat the Minnesota Timberwolves 107-105 on Sunday. Jayson Tatum added 26 points and eight rebounds to help Boston post a season-high fifth straight victory. Anthony Edwards had 28 points and nine rebounds for Minnesota, which has lost five of its last seven. Julius Randle added 23 points, and Rudy Gobert finished with 10 points and 20 rebounds, his eighth double-double of the season. Minnesota got within 55-54 early in the third quarter, before a 14-0 run by Boston. The spurt featured four 3s by the Celtics, including two by Tatum. The lead grew to 79-60 with 4:26 to play in the period. But the Timberwolves chipped it all the way down in the fourth, getting within 107-105 with 34 seconds left on a driving layup by Randle. Timberwolves: Minnesota will be looking to for some wins at home, after dropping four of its last five on the road. Celtics: The Celtics have struggled at home at times this season but improved to 6-2 at the Garden. The Timberwolves had the ball with 7.1 seconds and a chance to win. Edwards got the inbounds and tried to drive on Brown. But he was cut off, and the ball swung to Naz Reid, who failed to get off a 3 as time expired. Boston assisted on 25 of its 37 made field goals. The Timberwolves host Houston in NBA Cup play on Tuesday, beginning a four-game homestand. The Celtics host the Los Angeles Clippers on Monday night. AP NBA: https://apnews.com/hub/nbaSupporters of suspected CEO killer Luigi Mangione establish defense fund
President-elect Donald Trump was welcomed back to the world stage on Saturday, sitting down with Ukraine’s Volodymyr Zelenskyy and French President Emmanuel Macron with a dramatic backdrop: the reopening of the Cathedral of Notre-Dame. With Trump set to return to the White House in January, the three leaders met at the Elysee Palace in Paris with diplomacy on the war in Ukraine in flux. Officials close to Macron and Zelenskyy said the meeting was positive, without providing details. “The world is going a little crazy right now and we’ll be talking about that,” Trump told reporters as he arrived for an initial two-way meeting with Macron. Macron had sought to engineer the talks to initiate a discussion on how to end the war in Ukraine, an official in his office said. Later, the French president hosted guests, including heads of state and global business leaders, at the cathedral that was painstakingly restored after a catastrophic 2019 fire. For Macron, the day’s events offered a brief fillip as he seeks a new prime minister after his government collapsed this week in a show of force by far-right leader Marine Le Pen. Almost three years after Russia’s full-scale invasion of Ukraine, Zelenskyy and his allies are anxiously watching Trump for signs of how he plans approach the conflict. U.S. weapons and financial aid have been a vital crutch for Kyiv, but Trump had promised he would engineer a swift end to the war on the campaign trail. That’s fueled concerns in Kyiv and other European capitals that the next U.S. administration might roll back support for Ukraine to pressure Zelenskyy to compromise. On the battlefield, Ukrainian forces have been on the back foot for most of the year and Russian gains have been accelerating in recent weeks. The incoming U.S. president faces a daunting range of geopolitical challenges, including war in the Middle East and long-running tensions with China. Shortly before arriving at the presidential palace, Trump posted on his Truth Social platform about the conflict in Syria, where rebels opposed to President Bashar Assad have made rapid advances. A withdrawal of its troops that are helping support Assad might be “the best thing that can happen” to Russia, he said. The U.S., he added, “should have nothing to do with it. This is not our fight.” The visit to Paris is Trump’s first trip abroad to meet with world leaders since he won back the White House in November and is a coup for Macron, who’s seen his political program decimated by the domestic opposition who forced out his prime minister with a no-confidence vote on Wednesday. Macron worked hard to engage Trump through his first term, despite Trump’s occasional barbs, inviting the U.S. leader to the Bastille Day ceremony in 2017 and taking him to dinner at the Eiffel Tower. Trump called Macron weak after the “Yellow Vest” protests broke out in 2018 and attacked him for cozying up to China. On Saturday, Macron deployed all his experience of dealing with Trump, welcoming him with a red-carpet ceremony at the Elysee and making him effectively the guest of honor at the cathedral. Trump was seated in the front row next to Macron and the two men were seen chatting during the service. Regardless of Macron’s domestic struggles, the meeting was testament to the unique soft power of France and the president’s ability to wield it. As Trump and Zelenskiy were speaking, an exclusive list of guests were arriving at the cathedral, which has been rebuilt at a cost of 700 million euros ($740 million). Bernard Arnault, Europe’s richest man, was among the early arrivals. Kering SA Chief Executive Officer Francois-Henri Pinault came with his wife, the actor Salma Hayek. Both men were major donors to the reconstruction effort. Billionaire John Elkann, who chairs automaker Stellantis SA, was also in attendance as was FIFA President Gianni Infantino. Italian Premier Giorgia Meloni chuckled as she posed for the cameras with Macron and his wife Brigitte. Zelenskyy embraced Macron as he arrived and appeared to say “thank you” to the French leader. The Ukrainian was given an ovation by the guests as he entered the nave. Trump was among the last of the grandees to be greeted by Macron outside the cathedral, though Elon Musk, a close ally of the president-elect, arrived shortly afterward, scurrying across the square in the rain. First lady Jill Biden followed soon before the ceremony started. After the ceremony at the cathedral, a select group of guests will attend a dinner back at Macron’s presidential palace. ©2024 Bloomberg L.P. Visit bloomberg.com. Distributed by Tribune Content Agency, LLC.NBA Don't miss out on the headlines from NBA. Followed categories will be added to My News. VP pick and roll. Former Kamala Harris campaign surrogate and “Shark Tank” mogul Mark Cuban believes he can win the presidency by choosing an NBA legend as his running mate, the NY Post reports. Average of 9 LIVE Regular Season games per week plus the best of the NBA Playoffs, including every game of the NBA Conference Finals & NBA Finals LIVE on ESPN, available via Kayo New to Kayo? Get your first month for just $1. Limited time offer. During an appearance on “The Steam Room” podcast, hosted by NBA TNT television personalities Ernie Johnson and Charles Barkley, Cuban answered whether his recent turn as a political pundit would result in seeking elected office. Cuban first said “hell no,” about running for higher office, but said one thing could possibly change his mind. “Would your feeling on a run for office change if it were, say, a ticket of you and the Chuckster,” legendary basketball announcer Ernie Johnson asked, referring to his co-host as the potential running mate. “Yes, absolutely,” Cuban replied with relish. “We’d win running away. No question about it.” “We’d win,” Barkley said in matter-of-fact agreement. “We’d definitely win. Yes absolutely, running away.” The billionaire would only run with an NBA legend on the ballot. (Photo by Jon Kopaloff/Getty Images for WIRED) VP Barkley has a good ring to it. (Photo by Carmen Mandato/Getty Images) Cuban heaped praise on Barkley, all but calling him a role model for civility and personability. “Charles can talk to anybody and put himself in any circumstance and get along with everybody, and I think that’s what we need,” Cuban said. Moments before, the Round Mound of Rebound himself asked Cuban whether he “seriously considered” seeking an elected office. “I did a little bit,” Cuban said with a wince. “I even talked to a pollster. But then I talked to my family and we took a family vote and they said, “hell no.” Cuban further elaborated that he believes today’s politics is “meaner” and that the “hate on social media” serves as a legitimate deterrent to his civic impulses. “If your kids live on social media, why would I put them through that?” Cuban asked rhetorically. Cuban, who was an active surrogate for the Harris campaign, said he was disappointed with Trump’s election victory in November —- but he is more focused on the future than the past. Cuban is focusing on the future. (Photo by Richard Rodriguez/Getty Images) Trump’s election victory didn’t sit well with Cuban. (Photo by Jim WATSON / AFP) “What’s your first, initial reaction to the election going forward,” Barkley asked the minority owner of the Dallas Mavericks. “It’s like losing the last game of the season. You know? It’s a horrible feeling; walking off the court is awful. But, you know, you’ve got to look forward to next season,” said Cuban. “You can’t dwell on it, you’ve got to think what you can do going forward, and I care about this country, I love this country, and that’s important to me. It’s not about “I hate this person” or “I hate that person.” No. It’s about what can we do going forward,” he stated. The billionaire turned political pundit made news throughout the election cycle, oftentimes due to high-profile flubs. Cuban faced backlash after claiming Donald Trump doesn’t surround himself with “strong, intelligent women.” Trump doesn’t surround himself with “strong intelligent women”. (Photo by Nicholas Kamm / AFP) Cuban copped backlash over the remark. (Photo by Rich Fury / GETTY IMAGES NORTH AMERICA / AFP) “They’re intimidating to him. He doesn’t like to be challenged by them, and, you know, Nikki Haley will call him on his nonsense with reproductive rights and how he sees and treats and talks about women. I mean, he just can’t have her around. It wouldn’t work,” Cuban said on “The View” at the time. He later apologised for the comments that were seen as dismissive and disrespectful to conservative women. The billionaire was also roundly mocked in online conservative circles during the campaign — with many suggesting that his new black-rimmed glasses bring out a resemblance to liberal MSNBC talk show host Rachel Maddow. This article originally appeared on the NY Post and was reproduced with permission. More Coverage Commentator hospitalised, ‘impaled in head’ Fox Cricket Shock F1 announcement fuels Max rumours AFP Originally published as Billionaire NBA owner Mark Cuban’s shock presidential claim Read related topics: Donald Trump More related stories NBA Aussie blows NBA away with absurd first Australian basketball star Josh Giddey has left jaws on the floor after producing a scintillating performance for his new team. Read more NBA ‘Insane’ Aussie receives enormous praise Dyson Daniels’ star continues to soar, with the young Aussie drawing huge praise from one of the best players in NBA history. Read more
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BLOOMFIELD — If there was any question about who the night belonged to on Friday, Ella Bobe ended any doubt at the halftime horn. The South Knox senior became the school's all-time leading scorer late in the first quarter at Eastern Greene, and she banked in a half-court shot at second-quarter buzzer as the Class 2A No. 1 Spartans dominated the Thunderbirds, 72-14. Bobe finished with 19 points. She broke the South Knox girls basketball scoring record last season and needed eight points Friday to surpass the boys leader, 2008 South Knox alum Levi Holscher, who had 1,296. While Bobe is the first to eclipse 1,300 points in a South Knox uniform, there are still others from pre-consolidation that she can pass this season, Ed McCormick (Decker, class of 1954, 1,362 points), Keith Prather (Wheatland, 1963, 1,391), and Gene Powell (Monroe City, 1963, 1,554). South Knox scored the game's first 21 points before Eastern Greene got on the board. Bobe's record-breaking score came in response to make it 23-2 with 2:40 showing, and coach Hollie Eaves called a timeout to give the Spartans' fans a chance to acknowledge Bobe. "Ella, in general is just a great kid. She does the little things right, on the court and off the court as well," Eaves said. "She's just a great human being and a strong woman. I'm super proud of her. The scoring record is great, and it's only going to go up. I'm proud of her for how hard she's worked to get to where she is. It's definitely deserved." South Knox led, 27-5, after one quarter and scored 19 in a row to begin the second period. Bobe's half-court buzzer beater made it 53-8. The margin was 66-9 after three periods. It was the first time this season and fifth time since the start of last season that South Knox has held an opponent under 20 points. Kendal Hill and Madison Parrish each added 12 points Friday, and Bren Hill had nine. "One of the main goals was to make sure no one got hurt. But the girls wanted to get their minutes, so they got up and down," Eaves said. "We're going to take tomorrow off, give the girls a rest. I already had a couple ask if they could come in and get shots up, but I just told them to take some time off to rest. "This was a nice way to finish out our little series here (six games in eight days), and we finished strong too." In a two-quarter junior varsity game, South Knox (4-1) handled Eastern, 32-7. Sarah French had 13 points, and Ellie Burke nine. Bobe nearly reached the career scoring mark on Thursday, putting up a season-high 26 points in a 63-30 home victory over Evansville Mater Dei. Bren Hill added 13 points, and Kendal Hill 12. South Knox had a 5-3 advantage before it broke free with a 19-0 run that spanned the first two periods. The margin was 19-3 after one, with Kendal Hill scoring seven in the period. The lead swelled to 35-10 at halftime, and Bobe had 17 in the third quarter as her teammates tried to help her achieve the record on the Spartans' home floor. "The coaches never talked about (Bobe getting the record). Kendal knew, and that was all her. They were trying to get Ella the ball, and that's what's great about this team. They're so unselfish," Eaves said. The Spartans earned a running clock by hitting the 35-point threshold with 7:10 remaining. Eaves was pleased that her team continued to play well from the start. "Part of that is not being satisfied. We constantly go back to last year, and how we didn't meet our mission," she said. "It's pretty easy to keep them motivated. They want to be here. It makes my job easier. We tell them that it all starts on the defensive end, and they did a great job getting after it." Izzy Like had eight points to lead the Wildcats (2-3). South Knox's JV topped Mater Dei in a two-quarter game, 26-7. Burke had 11 points, and Kalissa Lavely 10. The Spartans play their second of four consecutive sectional opponents on Tuesday, visiting Linton for a 6 p.m. start.
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