"Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum." Section 1.10.32 of "de Finibus Bonorum et Malorum", written by Cicero in 45 BC "Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt ut labore et dolore magnam aliquam quaerat voluptatem. Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam, nisi ut aliquid ex ea commodi consequatur? Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum fugiat quo voluptas nulla pariatur?" 1914 translation by H. Rackham "But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful. Nor again is there anyone who loves or pursues or desires to obtain pain of itself, because it is pain, but because occasionally circumstances occur in which toil and pain can procure him some great pleasure. To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage from it? But who has any right to find fault with a man who chooses to enjoy a pleasure that has no annoying consequences, or one who avoids a pain that produces no resultant pleasure?" 1914 translation by H. Rackham "But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful. Nor again is there anyone who loves or pursues or desires to obtain pain of itself, because it is pain, but because occasionally circumstances occur in which toil and pain can procure him some great pleasure. To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage from it? But who has any right to find fault with a man who chooses to enjoy a pleasure that has no annoying consequences, or one who avoids a pain that produces no resultant pleasure?" To keep reading, please log in to your account, create a free account, or simply fill out the form below.Injuries pile up, 49ers uncertain QB Brock Purdy can return Sunday
Former President Jimmy Carter has died at the age of 100. The 39th president of the United States was a Georgia peanut farmer who sought to restore trust in government when he assumed the presidency in 1977 and then built a reputation for tireless work as a humanitarian. He earned a Nobel Peace Prize in 2002. Carter died Sunday, coming up on two years after entering hospice care, at his home in Plains, Georgia. At age 52, Carter was sworn in as president on Jan. 20, 1977, after defeating President Gerald R. Ford in the 1976 general election. Carter left office on Jan. 20, 1981, following his 1980 general election loss to Ronald Reagan. Here's the latest: President Joe Biden has scheduled a state funeral in Washington for former President Jimmy Carter on Jan. 9. Biden also declared Jan. 9 as a National Day of Mourning across the U.S. Carter, the longest-lived former president, died Sunday at his home in Plains, Georgia. He was 100. Biden also ordered U.S. flags to fly at half-staff for 30 days from Sunday. United Nations Secretary-General António Guterres on Sunday praised Carter for his significant contributions to international peace through the Camp David Accords, the SALT II Treaty and the Panama Canal treaties. “President Carter’s commitment to international peace and human rights also found full expression after he left the presidency,” Guterres said in a statement. "He played a key role in conflict mediation, election monitoring, the promotion of democracy, and disease prevention and eradication. These and other efforts earned him the Nobel Peace Prize in 2002 and helped advance the work of the United Nations. “President Carter will be remembered for his solidarity with the vulnerable, his abiding grace, and his unrelenting faith in the common good and our common humanity,” Guterres said. King Charles III joined leaders from around the world in issuing their condolences and sharing their reflections on the former president. “It was with great sadness that I learned of the death of former President Carter," the king said in a public statement. “He was a committed public servant, and devoted his life to promoting peace and human rights. His dedication and humility served as an inspiration to many, and I remember with great fondness his visit to the United Kingdom in 1977." President Joe Biden broke from his family vacation in the U.S. Virgin Islands to remember Carter, recalling his predecessor as a role model and friend. America and the world lost a “remarkable leader” with Carter’s death, Biden said, adding that he had spoken to several of the former president's children and was working with them to formalize memorial arrangements in Washington. Speaking for roughly 10 minutes, Biden remembered Carter as a humanitarian and statesman, someone he couldn't imagine walking past a person in need without trying to help them. He represented “the most fundamental human values we can never let slip away,” Biden said. The president repeatedly praised Carter's “simple decency” and his values, saying some will see him as a man of honesty and humility from a bygone era. “I don’t believe it’s a bygone era. I see a man not only of our time, but for all times,” Biden said. “To know his core, you need to know he never stopped being a Sunday school teacher at that Baptist church in Plains, Georgia.” Egyptian President Abdel-Fattah el-Sissi said on X that Carter's significant role in achieving the peace agreement between Egypt and Israel "will remain etched in the annals of history.” He went on to say Carter's “humanitarian work exemplifies a lofty standard of love, peace, and brotherhood.” Carter will be remembered as “one of the world’s most prominent leaders in service to humanity,” el-Sissi said. President Joe Biden will speak about Carter Sunday evening. The president will make his address from a hotel in St. Croix, from the U.S. Virgin Islands, where he is on a holiday vacation with his family. Jimmy and Rosalynn Carter had one of the great love stories and political partnerships in U.S. presidential history. The former president sometimes called his wife, who died Nov. 19. 2023, “Rosie,” which is a good way to remember how her name actually is pronounced. It is “ROSE-uh-lyn,” not, repeat NOT, “RAHZ-uh-lyn.” They were married more than 77 years but their relationship went back even further. Jimmy’s mother, “Miss Lillian,” delivered Eleanor Rosalynn Smith at the Smith home in Plains on Aug. 18, 1927. The nurse brought her eldest child back a few days later to visit, meaning the longest-married presidential couple met as preschooler and newborn. She became his trusted campaign aide and White House adviser, surprising Washington by sitting in on Cabinet meetings. Then they traveled the world together as co-founders of The Carter Center. Most of the nation saw the former president for the last time at Rosalynn Carter’s funeral. Jason Carter is now the chairman of The Carter Center’s board of governors. He said his grandparents “never changed who they were” even after reaching the White House and becoming global humanitarians. He says their four years in Washington were just one period of putting their values into action and that the center his grandparents founded in Atlanta is a lasting “extension of their belief in human rights as a fundamental global force.” Jimmy and Rosalynn Carter traveled the world advocating for democracy and fighting disease, but Jason Carter said they weren’t motivated by pity, or arrogance that a former American president had all the answers — they ventured to remote places because they could “recognize these people.” They too were from “a 600-person village” and understood that even the poorest people “have the power ... the ability ... the knowledge and the expertise to change their own community.” As reaction poured in from around the world, President Joe Biden mourned Carter’s death, saying the world lost an “extraordinary leader, statesman and humanitarian” and he lost a dear friend. Biden cited Carter’s compassion and moral clarity, his work to eradicate disease, forge peace, advance civil and human rights, promote free and fair elections, house the homeless and advocacy for the disadvantaged as an example for others. Biden said he is ordering a state funeral for Carter in Washington. Former House Speaker Nancy Pelosi is remembering Carter as a man steeped “in devotion to public service and peace.” The California Democrat said in a statement Sunday that Carter was committed to “honoring the spark of divinity within every person,” something she said manifested in “teaching Sunday school in his beloved Marantha Baptist Church, brokering the landmark Camp David Accords to pave the way to peace or building homes with Habitat for Humanity.” Pelosi also said Carter led “perhaps the most impactful post-presidency in history.” British Prime Minister Keir Starmer noted in a post on X the special contribution Carter made by brokering the Camp David Accords between Israel and Egypt and through his work with the Carter Center. “Motivated by his strong faith and values, President Carter redefined the post-presidency with a remarkable commitment to social justice and human rights at home and abroad,” Starmer said. To commemorate Carter’s death, officials with the Empire State Building said in a post on social media that the iconic New York City landmark would be lit in red, white and blue on Sunday night, “to honor the life and legacy” of the late former president. In a statement issued Sunday, former President Barack Obama and first lady Michelle Obama said Carter’s beloved Maranatha Baptist Church “will be a little quieter on Sunday,s” but added that the late former president “will never be far away -- buried alongside Rosalynn next to a willow tree down the road, his memory calling all of us to heed our better angels.” Noting the “hundreds of tourists from around the world crammed into the pews” to see the former president teach Sunday school, as he did “for most of his adult life,” the Obamas listed Carter’s accomplishments as president. But they made special note of the Sunday school lessons, saying they were catalysts for people making a pilgrimage to the church. “Many people in that church on Sunday morning were there, at least in part, because of something more fundamental: President Carter’s decency.” The longest-lived American president died Sunday, more than a year after entering hospice care , at his home in the small town of Plains, Georgia, where he and his wife, Rosalynn, who died at 96 in November 2023 , spent most of their lives. “Our founder, former U.S. President Jimmy Carter, passed away this afternoon in Plains, Georgia,” The Carter Center said in posting about his death on the social media platform X. It added in a statement that he died peacefully, surrounded by his family. In his 1975 book “Why Not The Best,” Carter said of himself: “I am a Southerner and an American, I am a farmer, an engineer, a father and husband, a Christian, a politician and former governor, a planner, a businessman, a nuclear physicist, a naval officer, a canoeist, and among other things a lover of Bob Dylan’s songs and Dylan Thomas’s poetry.” A moderate Democrat, Carter entered the 1976 presidential race as a little-known Georgia governor with a broad smile, outspoken Baptist mores and technocratic plans reflecting his education as an engineer. After he left office and returned home to his tiny hometown of Plains in southwest Georgia, Carter regularly taught Sunday School lessons at Maranatha Baptist Church until his mobility declined. Those sessions drew visitors from around the world. Former Vice President Al Gore praised Jimmy Carter for living “a life full of purpose, commitment and kindness” and for being a “lifelong role model for the entire environmental movement.” Carter, who left the White House in 1981 after a landslide defeat to Ronald Reagan. concentrated on conflict resolution, defending democracy and fighting disease in the developing world. Gore, who lost the 2000 presidential election to George W. Bush, remains a leading advocate for action to fight climate change. Both won Nobel Peace Prizes. Gore said that “it is a testament to his unyielding determination to help build a more just and peaceful world” that Carter is often “remembered equally for the work he did as President as he is for his leadership over the 42 years after he left office.” During Gore’s time in the White House, President Bill Clinton had an uneasy relationship with Carter. But Gore said he is “grateful” for “many years of friendship and collaboration” with Carter. Former President Bill Clinton and his wife, former Secretary of State Hillary Clinton, remember Carter as a man who lived to serve others. “Hillary and I mourn the passing of President Jimmy Carter and give thanks for his long, good life. Guided by his faith, President Carter lived to serve others — until the very end." The statement recalled Carter's many achievements and priorities, including efforts “to protect our natural resources in the Arctic National Wildlife Refuge, make energy conservation a national priority, return the Panama Canal to Panama, and secure peace between Egypt and Israel at Camp David." After he left office, the Clinton statement said, Carter continued efforts in "supporting honest elections, advancing peace, combating disease, and promoting democracy; to his and Rosalynn’s devotion and hard work at Habitat for Humanity — he worked tirelessly for a better, fairer world,” the statement said.Mukesh Ambani gets big milestone, Reliance’s first-ever refinery at Jamnagar completes...
Shyam Benegal Death: Shyam Benegal, the veteran filmmaker who heralded the Indian parallel cinema movement in the 1970s and 1980s, passed away on Monday, his daughter Pia said. The 90-year-old filmmaker breathed his last at Mumbai's Wockhardt Hospital due to chronic kidney disease, Pia Benegal told PTI. "He passed away at 6.38 pm at Wockhardt Hospital Mumbai Central. He had been suffering from chronic kidney disease for several years but it had gotten very bad. That's the reason for his death," she said. Soon after the news of his death was public, tributes poured in for the veteran filmmaker, with President Droupadi Murmu and Prime Minister Narendra Modi saying a glorious chapter of Indian cinema has ended with his passing, but his work will continue to be admired by generations to come. From political leaders and parties, the people from the film industry and other walks of life hailed him as a master storyteller who redefined cinema, inspired all with his films, and created stars out of great actors. ALSO READ: Delhi LG Approves Hike In EWS Income Cap For Private School Admissions To Rs 5 Lakh President Murmu said Benegal started a new kind of cinema and crafted several classics. "A veritable institution, he groomed many actors and artists. His extraordinary contribution was recognised in the form of numerous awards including Dadasaheb Phalke Award and Padma Bhushan. My condolences to the members of his family and his countless admirers," she posted on X. Prime Minister Narendra Modi said that he was deeply saddened by the passing of Benegal. He also added that his work will continue to be admired by people from different walks of life. "His works will continue to be admired by people from different walks of life. Condolences to his family and admirers. Om Shanti," he posted on X. Congress leader Rahul Gandhi said Benegal was a visionary filmmaker who brought India's stories to life with depth and sensitivity. "His legacy in cinema and commitment to social issues will inspire generations. Heartfelt condolences to his loved ones and admirers worldwide." West Bengal Chief Minister Mamata Banerjee described the 90-year-old Benegal as a pillar of Indian cinema. "Saddened by the demise of our iconic filmmaker Shyam Benegal. A pillar of Indian parallel cinema, he was loved and admired by all connoisseurs. My condolences to his family, friends, and followers," she posted on X. ALSO READ: Renowned Filmmaker Shyam Benegal Passes Away At 90, Tributes Pour In For Pioneer Of Parallel Cinema According to news agency IANS, Benegal’s funeral will be held in Mumbai at 10:00 am on Tuesday. He is widely considered one of the greatest filmmakers after the 1970s and received several honours like 18 National Film Awards, a Nandi Award, the Dadasaheb Phalke Award, India's highest award in the field of cinema, a Padma Shri, and a Padma Bhushan. (With input from agencies)
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Luigi Mangione, accused in the fatal shooting of UnitedHealthcare CEO Brian Thompson, appeared in court Monday wearing an outfit that matched his attorney’s. Mangione, 26, donned a maroon sweater over a light shirt and chinos. His attorney, Karen Agnifilo, wore the same outfit, resulting in an unforeseen scene during the high-profile arraignment. Mangione entered a not guilty plea to all 11 counts, which include first-degree murder in support of terrorism. Addressing the courtroom microphone, he confidently proclaimed, "Not guilty." The hearing, overseen by Judge Gregory Carro, occurred at the New York State Criminal Courthouse in downtown Manhattan. The allegations arise from the shooting of Thompson on December 4 outside a hotel in Midtown Manhattan. The event took place at an investor conference organized by UnitedHealth Group. Prosecutors claim the murder was planned in advance and linked to terrorism. If found guilty, Mangione could be sentenced to life in prison without the chance of parole. High Security at CourtroomMangione was accompanied to the courtroom on the 13th floor by several officers. Courtroom security was noticeably increased, with six officers following the defendant. Mangione remained expressionless next to Agnifilo, who has openly denounced his treatment as politically motivated. Prosecutor Joel Sideman highlighted that the Manhattan District Attorney’s office has primary authority over the case. He mentioned that the case would advance in state court prior to any federal charges. Mangione is anticipated to be returned to federal detention after the state proceedings. Case Grips Public AttentionThe audacious murder and the ensuing five-day chase captured the public's fascination. Thompson, an influential person in the healthcare sector, was shot due to rising frustrations surrounding healthcare expenses and insurance plans. Certain critics of the industry have provocatively referred to Mangione as a "folk hero." Public officials, nonetheless, unanimously denounced the murder. Authorities have not yet revealed a reason for the assault. Unprecedented Legal and Media FocusThe coordinated outfits of Mangione and his lawyer attracted considerable notice. Legal specialists observed the rare coincidence, yet neither side mentioned it throughout the proceedings. Agnifilo has earlier stated that her client is being exploited as “political ammunition” by city leaders, such as the mayor of New York City. The subsequent hearing date has not been scheduled yet. Mangione stays in detention while prosecutors build their case. Get Latest News Live on Times Now along with Breaking News and Top Headlines from US News, World and around the world.Rams clinch NFC West with Commanders victory over FalconsInjuries pile up, 49ers uncertain QB Brock Purdy can return Sunday
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5 Tech Gifts This Mom Influencer Says Are on Her List — and Should Be on Yours TooThe presidential candidate of the Social Democratic Party(SDP) in the 2023 general elections, Prince Adewole Adebayo, has stressed the need to rehabilitate Nigeria’s political class, tracing election rigging to them. He argued that when the political class is populated by decent characters with integrity, a lot of the problems associated with politics and politicians would be solved. The SDP standard bearer also advocated for an inter-generational rotational presidency between the old and the young. He said: “The Independent National Electoral Commission (INEC) itself has a bit of connivance, whether for the sustainability of their appointment or whether people have discovered that they can get rich by taking advantage of the desperation of politicians. Most of the problems of an election don’t arise from the INEC. They arise from the political parties. More political parties commit crimes in their primaries than they accuse INEC of. “So, whatever error the INEC commits, the politicians and political parties even commit more. People bribe delegates for elections. Party chairmen and secretaries switch names like the game of domino. “So, the political class is guilty. I agree with the submission that politicians contribute to the problems during elections but INEC is supposed to be a professional class and should not collaborate with the politicians to rig elections.” Adebayo also spoke on the issue of rotational presidency, saying if it must achieve any positive result, it should be at two levels. He noted that much as it is good to rotate it according to the geopolitical zone for peace to reign among the elite, it must also be rotated from the elite to the people for growth and justice to happen in Nigeria. “If you are rotating from North to South and all of that and rotating about the same wasteful elite who have no idea, you will be rotating poverty, insecurity and others. “But if you rotate inter generationally, that is from the old people to the young ones and ideologically from those who follow the International Monetary Fund (IMF) –World Bank, to those who have indigenous, authentic and pro-Nigeria idea, you would have some progress for the country,” he submitted. On Nigeria’s borrowing and the finance minister’s recent statement about it he noted that much as he would wish a good day for Nigeria, it pains him to note that it is not a good day when the finance minister believes the day he goes aborrowing in London is a good day. “How can it be a good day when Nigeria goes overseas to make investments in the capital market from the excess production that we have? No minister that we had in the past will say the day we went aborrowing was a good day,” he said. When reminded that even countries as big as America borrow, he said: “America borrows from within. You borrow from your own currency. I am not quarrelling with them borrowing the currency they issued. When you are borrowing Euro bonds, borrowing currency from other people in other capitals of the world, it’s a sign of a crisis. Yes, you can do it but you don’t say it’s a good day for you. “If you are anaemic and your neighbour comes to donate blood to you, you should be grateful but you don’t say that’s the best day of your life, because you are not supposed to be anaemic in the first place. “They need to run the economy in such a way that we can generate capital for ourselves. Fundamentally, I think they are uncoordinated. Even though the finance minister is supposed to be the coordinator of the economy, he is not coordinated. The thinking isn’t coordinated but if they coordinate well and work with us as a population, we should be able to generate wealth for the country.”
Trump’s tariffs in his first term did little to alter the economy, but this time could be different
Ministers said an extra £15 million will be made available for supply chain businesses and workers affected by changes at Tata’s Port Talbot site in south Wales. Welsh Secretary Jo Stevens said the move means a fund to support businesses across Wales heavily reliant on Tata steel will be increased to £30 million. She also announced that more businesses will be able to apply for the funds, and the value of individual grants is increasing to up to £250,000 for businesses to invest in equipment, property, technology. The Government said there has been “significant demand” on the existing funding, with almost 40 businesses employing 2,000 people having begun the application process. Grants worth millions of pounds are expected to be released in the new year. The increase in funding is in anticipation of more people leaving Tata in early 2025 through the company’s voluntary redundancy scheme. Ms Stevens said: “This Government is acting decisively to support workers and businesses in Port Talbot. “We are doubling the funding available to businesses and workers and widening access to grants to ensure we support as many people as possible. “In just four months we have announced more than £40 million in investment. We said we would back workers and businesses affected by the transition at Port Talbot and we are doing exactly that. “While this remains a very difficult time for Tata workers, their families and the community, we are determined to support workers and businesses in our Welsh steel industry, whatever happens.”Trump’s tariffs in his first term did little to alter the economy, but this time could be differentBy JOSH BOAK WASHINGTON (AP) — Donald Trump loved to use tariffs on foreign goods during his first presidency. But their impact was barely noticeable in the overall economy, even if their aftershocks were clear in specific industries. The data show they never fully delivered on his promised factory jobs. Nor did they provoke the avalanche of inflation that critics feared. This time, though, his tariff threats might be different . The president-elect is talking about going much bigger — on a potential scale that creates more uncertainty about whether he’ll do what he says and what the consequences could be. “There’s going to be a lot more tariffs, I mean, he’s pretty clear,” said Michael Stumo, the CEO of Coalition for a Prosperous America, a group that has supported import taxes to help domestic manufacturing. The president-elect posted on social media Monday that on his first day in office he would impose 25% tariffs on all goods imported from Mexico and Canada until those countries satisfactorily stop illegal immigration and the flow of illegal drugs such as fentanyl into the United States. Those tariffs could essentially blow up the North American trade pact that Trump’s team negotiated during his initial term. Chinese imports would face additional tariffs of 10% until Beijing cracks down on the production of materials used in making fentanyl, Trump posted. Business groups were quick to warn about rapidly escalating inflation , while Mexican President Claudia Sheinbaum said she would counter the move with tariffs on U.S. products. House Democrats put together legislation to strip a president’s ability to unilaterally apply tariffs this drastic, warning that they would likely lead to higher prices for autos, shoes, housing and groceries. Sheinbaum said Wednesday that her administration is already working up a list of possible retaliatory tariffs “if the situation comes to that.” “The economy department is preparing it,” Sheinbaum said. “If there are tariffs, Mexico would increase tariffs, it is a technical task about what would also benefit Mexico,” she said, suggesting her country would impose targeted import duties on U.S. goods in sensitive areas. House Democrats on Tuesday introduced a bill that would require congressional approval for a president to impose tariffs due to claims of a national emergency, a largely symbolic action given Republicans’ coming control of both the House and Senate. “This legislation would enable Congress to limit this sweeping emergency authority and put in place the necessary Congressional oversight before any president – Democrat or Republican – could indiscriminately raise costs on the American people through tariffs,” said Rep. Suzan DelBene, D-Wash. But for Trump, tariffs are now a tested tool that seems less politically controversial even if the mandate he received in November’s election largely involved restraining inflation. The tariffs he imposed on China in his first term were continued by President Joe Biden, a Democrat who even expanded tariffs and restrictions on the world’s second largest economy. Biden administration officials looked at removing Trump’s tariffs in order to bring down inflationary pressures, only to find they were unlikely to help significantly. Tariffs were “so new and unique that it freaked everybody out in 2017,” said Stumo, but they were ultimately somewhat modest. Trump imposed tariffs on solar panels and washing machines at the start of 2018, moves that might have pushed up prices in those sectors even though they also overlapped with plans to open washing machine plants in Tennessee and South Carolina. His administration also levied tariffs on steel and aluminum, including against allies. He then increased tariffs on China, leading to a trade conflict and a limited 2020 agreement that failed to produce the promised Chinese purchases of U.S. goods. Still, the dispute changed relations with China as more U.S. companies looked for alternative suppliers in other countries. Economic research also found the United States may have sacrificed some of its “soft power” as the Chinese population began to watch fewer American movies. The Federal Reserve kept inflation roughly on target, but factory construction spending never jumped in a way that suggested a lasting gain in manufacturing jobs. Separate economic research found the tariff war with China did nothing economically for the communities hurt by offshoring, but it did help Trump and Republicans in those communities politically. When Trump first became president in 2017, the federal government collected $34.6 billion in customs, duties and fees. That sum more than doubled under Trump to $70.8 billion in 2019, according to Office of Management and Budget records. While that sum might seem meaningful, it was relatively small compared to the overall economy. America’s gross domestic product is now $29.3 trillion, according to the Bureau of Economic Analysis. The total tariffs collected in the United States would equal less than 0.3% of GDP. The new tariffs being floated by Trump now are dramatically larger and there could be far more significant impacts. If Mexico, Canada, and China faced the additional tariffs proposed by Trump on all goods imported to the United States, that could be roughly equal to $266 billion in tax collections, a number that does not assume any disruptions in trade or retaliatory moves by other countries. The cost of those taxes would likely be borne by U.S. families, importers and domestic and foreign companies in the form of higher prices or lower profits. Former Biden administration officials said they worried that companies could piggyback on Trump’s tariffs — if they’re imposed — as a rationale to raise their prices, just as many companies after Russia’s invasion of Ukraine in 2022 boosted food and energy costs and gave several major companies the space to raise prices, according to their own earnings calls with investors. But what Trump didn’t really spell out is what might cause him to back down on tariffs and declare a victory. What he is creating instead with his tariff threats is a sense of uncertainty as companies and countries await the details to figure out what all of this could mean. “We know the key economic policy priorities of the incoming Trump administration, but we don’t know how or when they will be addressed,” said Greg Daco, chief U.S. economist at EY-Parthenon. AP writer Mark Stevenson contributed to this report from Mexico City.
Sridhar Vembu, CEO of Zoho Corporation, has urged Indians to embrace self-reliance and focus on indigenous innovation to tackle the country’s unique challenges. In a recent post on X, Vembu stressed the need to reduce dependence on foreign products and services by leveraging India’s vast talent pool. “To earn true respect in the world, Indians have to develop deep capabilities in India. Achievements abroad won't do it. I hope smart Indians keep this in mind,” he wrote, encouraging businesses to create homegrown technologies tailored to India’s needs. To earn true respect in the world, Indians have to develop deep capabilities in India. Achievements abroad won't do it. I hope smart Indians keep this in mind. — Sridhar Vembu (@svembu) December 28, 2024 Vembu highlighted the importance of nurturing domestic talent over relying on external resources. Sharing his personal approach, he said, “As an Indian, I work hard to retain talent in India because we so badly need the talent to develop India's technology capability.” He contrasted this with the United States’ reliance on imported talent, suggesting that India should prioritise sustainable growth through local skill development. He also spoke about the need for inclusive growth, emphasising that national progress cannot be achieved if large sections of society are left behind. “National development cannot be achieved if large sections of society are left behind,” Vembu noted. Reflecting on global practices, Vembu questioned the long-term effects of prioritising global rankings over local development. “Is it worth the bragging rights to be number one in GDP or AI, achieved with imported talent, but at the price of leaving your own people behind?”
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As TikTok bill steams forward, online influencers put on their lobbying hats to visit WashingtonSouth Korean authorities seek warrant to detain impeached President Yoon in martial law probe