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America Still Needs Jimmy Carter’s Health Care Agenda—Even If It FloppedBank of Canada governor Tiff Macklem says the central bank is preparing for a future that looks more uncertain and more prone to shocks. In a speech to the Greater Vancouver Board of Trade on Monday, he said structural changes are underway in the world, including demographic shifts, technological changes, decarbonization and a move away from globalization. "We need to use the pandemic experience to prepare for future crises," Macklem said in a prepared text of his speech. Sean Fraser to leave federal cabinet as PMO pushes to add Mark Carney To that end, Macklem says the Bank of Canada is working to learn what it can from how the economy reacted to the pandemic and its aftermath. The Bank of Canada is conducting a review of the policy actions it took to restore financial stability and support the economy during the pandemic that it plans to publish along with an assessment of an independent panel of experts. Macklem said the spike in inflation in 2022 was a reminder that even though inflation was relatively low and stable for 30 years leading up to the pandemic, central banks cannot take public trust for granted. "All of a sudden, people couldn't afford the things they need. And while inflation is low once again, many prices are still a lot higher than they were before the pandemic. So, people feel ripped off. And that erodes public trust in our economic system," he said in his speech. Terry Fox on the $5, big money for the border — what we learned from the economic statement The Bank of Canada has cut its key policy interest rate five times this year including last week when it reduced the benchmark by a half a percentage point to 3.25 per cent. Macklem says the bank will be evaluating the need for further reductions in the policy rate one decision at a time and anticipates a more gradual approach to monetary policy if the economy evolves as expected. Statistics Canada reported last month that the annual inflation rate was two per cent in Ontario, hitting the Bank of Canada's target. The speech by Macklem came ahead of the release of the November inflation report on Tuesday.
Supermarket chain Jumbo has its use of artificial intelligence to detect shoplifting, citing concerns about customer experience and societal impacts. CEO Ton van Veen confirmed the decision, stating, “We tried to use technology to recognize deviant behavioral patterns, but we won’t continue with it.” Jumbo announced at the start of the year that it loses over 100 million euros annually due to shoplifting, a significant blow to the company’s bottom line. “That’s money we can’t pass on to customers in the form of lower prices,” said Van Veen. This year, Jumbo managed to reduce losses from theft by 30 million euros, cutting theft-related losses to 1 percent of total revenue. “We’ve reduced it by a third, but I believe it should be brought down to no more than half a percent of turnover,” Van Veen said. “These savings can then be passed on to our customers.” Jumbo had implemented AI trials to analyze customer behavior and identify potential shoplifters based on deviations in patterns. The experiment included analyzing surveillance footage and conducting targeted random checks at self-checkout counters. Despite these efforts, the initiative failed to meet expectations. “It does not enhance the shopping experience,” Van Veen said. “Customers are not potential thieves. They are absolutely welcome, even if someone forgets to scan an item occasionally. We don’t want to respond to the hardening of society with tougher measures.” Van Veen emphasized the importance of social interaction in combating theft, saying, “Social control and making eye contact with customers are key.” He further ruled out deploying body cameras for employees, a measure implemented by other supermarket chains such as Dirk earlier this year. “Bodycams are not the answer,” he stated. Instead, Jumbo is focusing on traditional security measures, including enhanced surveillance, stricter random checks at self-checkout counters, and increased employee presence on the shop floor. The company has also implemented measures such as issuing fines of 181 euros to shoplifters and frequently imposing store bans.
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Sir Keir Starmer was speaking at the Joint Expeditionary Force (JEF) conference in Estonia where he met leaders of other Baltic states. After signing an energy partnership with Norwegian Prime Minister Jonas Gahr Store in Bergen, Sir Keir flew to Estonia where he spoke alongside Mr Store and their Estonian counterpart Kristen Michal. Asked what else could be done to support Ukraine, Sir Keir said: “There is an ever-increasing demand for more capability. That is understandable, and Ukraine needs all the capability that it can get, so I think all of us have put in more capability into Ukraine by way of equipment.” He added: “A lot of money has been raised, funding has been raised, but more is going to be needed.” The Prime Minister’s also discussed making the economic case at home for continued support for Ukraine. Sir Keir said: “Making the case on the significance of Ukraine, making the case, to double down, linking it back to each of our countries – what does it mean for us if Russia succeeds, is a really important question that we have to answer with our people to make it clear why it is that we are so supportive of Ukraine, why it is that we must stand with our allies on this, why it is we must make sure that Nato is put in the strongest position as well. “Now, this is a different world to the world of 10, 20 years ago, to recognise the world that we are living in, there’s a positive case as well to be made. “Defence spending doesn’t sort of sit in a silo over here with no effect on the rest of the economy, no effect on technology. “It has a huge effect on technologies, the cutting edge of technology and change which can then be used in other areas. “It binds countries together. I think all of us have got joint projects on in terms of defence capabilities that bind us together. There’s a huge number of well-paid jobs that are very important to our economy in defence spending as well. “But we have to make that positive case. I don’t personally feel that we can sort of sit back and assume that all of those in our respective countries necessarily accept all of our arguments unless we make them in that positive way, which I do think the argument can and should and must be made. “But the challenge that you put to us is the right challenge, which is it’s very difficult when finances are tight, as they are in all of our countries.” On Tuesday morning the Prime Minister will meet Taavi Madiberk, the founder of Estonian tech start-up manufacturing low-cost air defence missiles, Frankenburg Technologies, which is planning to open a new office in London Specialising in the manufacture of the missiles, the rapidly growing company already collaborates closely with the UK defence industry, sourcing a significant portion of its subsystems locally, including from propulsion specialists Roxel in Worcestershire. The Prime Minister will again attend the JEF summit, joining leaders from the Nordics and Baltics to discuss support for Ukraine, the sustained threat posed by Russia and wider European security. He will then visit British forces serving in the region to deter malign Russian threats.Aston Villa vs Man City: Morgan Rogers Shines as Villa Triumphs 2-1
Protecting Your Online Privacy Has Never Been So Affordable With This Amazing Black Friday DealChina is focusing on large language models (LLMs) in the artificial intelligence space. Blackdovfx | Istock | Getty Images China's attempts to dominate the world of artificial intelligence could be paying off, with industry insiders and technology analysts telling CNBC that Chinese AI models are already hugely popular and are keeping pace with — and even surpassing — those from the U.S. in terms of performance. AI has become the latest battleground between the U.S. and China, with both sides considering it a strategic technology. Washington continues to restrict China's access to leading-edge chips designed to help power artificial intelligence amid fears that the technology could threaten U.S. national security. It's led China to pursue its own approach to boosting the appeal and performance of its AI models, including relying on open-sourcing technology and developing its own super-fast software and chips. China is creating popular LLMs Like some of the leading U.S. firms in the space, Chinese AI firms are developing so-called large language models, or LLMs, which are trained on huge amounts of data and underpin applications such as chatbots. Unlike OpenAI's models which power the hugely popular ChatGPT, however, many of these Chinese companies are developing open-source, or open-weight, LLMs which developers can download and build on top of for free and without stringent licensing requirements from the inventor. On Hugging Face, a repository of LLMs, Chinese LLMs are the most downloaded, according to Tiezhen Wang, a machine learning engineer at the company. Qwen, a family of AI models created by Chinese e-commerce giant Alibaba , is the most popular on Hugging Face, he said. "Qwen is rapidly gaining popularity due to its outstanding performance on competitive benchmarks," Wang told CNBC by email. He added that Qwen has a "highly favorable licensing model" which means it can be used by companies without the need for "extensive legal reviews." Qwen comes in various sizes, or parameters, as they're known in the world of LLMs. Large parameter models are more powerful but have higher computational costs, while smaller ones are cheaper to run. "Regardless of the size you choose, Qwen is likely to be one of the best-performing models available right now," Wang added. DeepSeek, a start-up, also made waves recently with a model called DeepSeek-R1. DeepSeek said last month that its R1 model competes with OpenAI's o1 — a model designed for reasoning or solving more complex tasks. These companies claim that their models can compete with other open-source offerings like Meta 's Llama, as well as closed LLMs such as those from OpenAI, across various functions. "In the last year, we've seen the rise of open source Chinese contributions to AI with really strong performance, low cost to serve and high throughput," Grace Isford, a partner at Lux Capital, told CNBC by email. China pushes open source to go global Open sourcing a technology serves a number of purposes, including driving innovation as more developers have access to it, as well as building a community around a product. It is not only Chinese firms that have launched open-source LLMs. Facebook parent Meta, as well as European start-up Mistral, also have open-source versions of AI models. But with the technology industry caught in the crosshairs of the geopolitical battle between Washington and Beijing, open-source LLMs give Chinese firms another advantage: enabling their models to be used globally. "Chinese companies would like to see their models used outside of China, so this is definitively a way for companies to become global players in the AI space," Paul Triolo, a partner at global advisory firm DGA Group, told CNBC by email. While the focus is on AI models right now, there is also debate over what applications will be built on top of them — and who will dominate this global internet landscape going forward. "If you assume these frontier base AI models are table stakes, it's about what these models are used for, like accelerating frontier science and engineering technology," Lux Capital's Isford said. Today's AI models have been compared to operating systems, such as Microsoft's Windows, Google 's Android and Apple 's iOS, with the potential to dominate a market, like these companies do on mobile and PCs. If true, this makes the stakes for building a dominant LLM higher. "They [Chinese companies] perceive LLMs as the center of future tech ecosystems," Xin Sun, senior lecturer in Chinese and East Asian business at King's College London, told CNBC by email. "Their future business models will rely on developers joining their ecosystems, developing new applications based on the LLMs, and attracting users and data from which profits can be generated subsequently through various means, including but far beyond directing users to use their cloud services," Sun added. Chip restrictions cast doubt over China's AI future AI models are trained on vast amounts of data, requiring huge amounts of computing power. Currently, Nvidia is the leading designer of the chips required for this, known as graphics processing units (GPUs). Most of the leading AI companies are training their systems on Nvidia's most high-performance chips — but not in China. Over the past year or so, the U.S. has ramped up export restrictions on advanced semiconductor and chipmaking equipment to China. It means Nvidia 's leading-edge chips cannot be exported to the country and the company has had to create sanction-compliant semiconductors to export. Despite, these curbs, however, Chinese firms have still managed to launch advanced AI models. "Major Chinese technology platforms currently have sufficient access to computing power to continue to improve models. This is because they have stockpiled large numbers of Nvidia GPUs and are also leveraging domestic GPUs from Huawei and other firms," DGA Group's Triolo said. Indeed, Chinese companies have been boosting efforts to create viable alternatives to Nvidia . Huawei has been one of the leading players in pursuit of this goal in China, while firms like Baidu and Alibaba have also been investing in semiconductor design. "However, the gap in terms of advanced hardware compute will become greater over time, particularly next year as Nvidia rolls out its Blackwell-based systems that are restricted for export to China," Triolo said. Lux Capital's Isford flagged that China has been "systematically investing and growing their whole domestic AI infrastructure stack outside of Nvidia with high-performance AI chips from companies like Baidu." "Whether or not Nvidia chips are banned in China will not prevent China from investing and building their own infrastructure to build and train AI models," she added.LAS VEGAS — Players Era Festival organizers have done what so many other have tried — bet their fortunes in this city that a big payoff is coming. Such bet are usually bad ones, which is why so many massive casino-resorts have been built on Las Vegas Boulevard. But it doesn't mean the organizers are wrong. They're counting on the minimum of $1 million in guaranteed name, image and likeness money that will go to each of the eight teams competing in the neutral-site tournament that begins Tuesday will create a precedent for other such events. EverWonder Studios CEO Ian Orefice, who co-founded Players with former AND1 CEO Seth Berger, compared this event to last year's inaugural NBA In-Season Tournament that played its semifinals and final in Las Vegas by saying it "did really well to reinvigorate the fan base at the beginning of the year." "We're excited that we're able to really change the paradigm in college basketball on the economics," Orefice said. "But for us, it's about the long term. How do we use the momentum that is launching with the 2024 Players Era Festival and be the catalyst not to change one event, but to change college basketball for the future." Orefice and Berger didn't disclose financial details, but said the event will come close to breaking even this year and that revenue is in eight figures. Orefice said the bulk of the revenue will come from relationships with MGM, TNT Sports and Publicis Sport & Entertainment as well as sponsors that will be announced later. Both organizers said they are so bullish on the tournament's prospects that they already are planning ahead. Money made from this year's event, Orefice said, goes right back into the company. "We're really in this for the long haul," Orefice said. "So we're not looking at it on a one-year basis." Rick Giles is president of the Gazelle Group, which also operates several similar events, including the College Basketball Invitational. He was skeptical the financial numbers would work. Giles said in addition to more than $8 million going to the players, there were other expenses such as the guarantees to the teams. He said he didn't know if the tournament would make up the difference with ticket sales, broadcast rights and sponsorship money. The top bowl of the MGM Grand Garden Arena will be curtained off. "The math is highly challenging," Giles said. "Attendance and ticket revenues are not going to come anywhere close to covering that. They haven't announced any sponsors that I'm aware of. So it all sort of rests with their media deal with Turner and how much capital they want to commit to it to get these players paid." David Carter, a University of Southern California adjunct professor who also runs the Sports Business Group consultancy, said even if the Players isn't a financial success this year, the question is whether there will be enough interest to move forward. "If there is bandwidth for another tournament and if the TV or the streaming ratings are going to be there and people are going to want to attend and companies are going to want to sponsor, then, yeah, it's probably going to work," Carter said. "But it may take them time to gain that traction." Both founders said they initially were met with skepticism about putting together such an event, especially from teams they were interested in inviting. Houston was the first school to commit, first offering an oral pledge early in the year and then signing a contract in April. That created momentum for others to join, and including the No. 6 Cougars, half the field is ranked. "We have the relationships to operate a great event," Berger said. "We had to get coaches over those hurdles, and once they knew that we were real, schools got on board really quickly." The founders worked with the NCAA to make sure the tournament abided by that organization's rules, so players must appear at ancillary events in order to receive NIL money. Strict pay for play is not allowed, though there are incentives for performance. The champion, for example, will receive $1.5 million in NIL money. Now the pressure is on to pull off the event and not create the kind of headlines that can dog it for years to come. "I think everybody in the marketplace is watching what's going to happen (this) week and, more importantly, what happens afterwards," Giles said. "Do the players get paid on a timely basis? And if they do, that means that Turner or somebody has paid way more than the market dictates? And the question will be: Can that continue?" CREIGHTON: P oint guard Steven Ashworth likely won’t play in the No. 21 Bluejays’ game against San Diego State in the Players Era Festival in Las Vegas. Ashworth sprained his right ankle late in a loss to Nebraska on Friday and coach Greg McDermott said afterward he didn’t know how long he would be out. Get local news delivered to your inbox!
NoneShare Tweet Share Share Email Financial security becomes increasingly important as individuals enter their senior years. Aging often comes with unique challenges, such as reduced income, rising healthcare costs, and the need for long-term care. However, there are many tools and strategies available to help seniors achieve financial stability. This article explores effective solutions to secure financial well-being during the golden years . Understanding the Financial Challenges of Aging Before diving into solutions, it’s essential to understand the common financial obstacles seniors face. These include: Reduced Income: Retirement often means living on a fixed income from pensions, Social Security, or retirement savings. Increased Healthcare Costs: Aging is often accompanied by medical expenses, including medications, treatments, and possibly long-term care. Longevity Risk: With increased life expectancy, many seniors risk outliving their savings. Inflation: The rising cost of goods and services can erode purchasing power over time. Unexpected Expenses: Emergencies, home repairs, or health crises can significantly strain finances. Being aware of these challenges is the first step toward finding effective financial solutions. Creating a Comprehensive Budget A well-planned budget is the cornerstone of financial security for seniors. It helps track income, expenses, and savings. Here’s how to create an effective budget: Assess Income Sources Identify all sources of income, including: Social Security benefits Pension payments Investment income Annuities Part-time employment (if applicable) Track Expenses Categorize expenses into fixed (e.g., rent or mortgage, utilities) and variable (e.g., groceries, entertainment). This helps prioritize spending and identify areas for cost-cutting. Plan for Emergencies Allocate a portion of income to an emergency fund. Experts recommend having at least three to six months’ worth of expenses saved. This buffer can help cover unexpected costs without jeopardizing other financial goals. Leveraging Government Programs Government programs provide vital support to seniors. Some key programs include: Social Security Benefits Social Security remains a primary income source for many retirees. Seniors can maximize benefits by delaying claims until full retirement age or later, if possible. Understanding the nuances of Social Security, such as spousal and survivor benefits, can also help maximize income. Medicare and Medicaid These programs help cover healthcare costs. While Medicare is available to most seniors, Medicaid offers additional support for low-income individuals needing long-term care. Supplemental plans like Medicare Advantage or Medigap can further reduce out-of-pocket costs. Supplemental Nutrition Assistance Program (SNAP) SNAP provides food assistance, helping seniors afford nutritious meals without compromising other essential expenses. Local social service offices can assist with applications and eligibility requirements. Exploring Investment Options Investments can play a crucial role in maintaining financial security during retirement. However, seniors should adopt a conservative approach to reduce risk. Diversify Your Portfolio A well-diversified portfolio minimizes risk while ensuring steady returns. Consider a mix of: Bonds: Low-risk and reliable income sources. Dividend-paying stocks: Provide regular income. Mutual funds: Offer diversification and professional management. Real estate investment trusts (REITs): Provide income from property investments without direct ownership. Utilize Annuities Annuities provide guaranteed income for life or a specified period. They are particularly useful for seniors concerned about outliving their savings. Options like immediate, deferred, and fixed annuities can be tailored to individual needs. Safe Withdrawal Rate Adopting a safe withdrawal rate, such as the 4% rule, ensures that retirees do not deplete their savings too quickly. Adjusting withdrawals based on market performance adds an extra layer of security. Long-Term Care Planning Planning for long-term care is critical to avoid financial strain. Options include: Long-Term Care Insurance This insurance helps cover costs associated with assisted living, nursing homes, or in-home care. Purchasing a policy earlier in life reduces premiums and increases coverage options. Health Savings Accounts (HSAs) HSAs allow individuals to save for healthcare expenses tax-free. Seniors can use these funds to pay for medical needs during retirement. Contributions made during working years can grow significantly over time. Reverse Mortgages A reverse mortgage enables seniors to convert home equity into cash while continuing to live in their homes. This option suits those with significant home equity but limited liquid assets. However, it’s essential to understand the terms and risks involved . Debt Management Strategies Managing debt is essential for financial stability. Seniors should prioritize paying off high-interest debts, such as credit card balances, to free up income for essential needs. Consolidate Debt Debt consolidation simplifies repayment by combining multiple debts into a single, lower-interest loan. This approach reduces monthly payments and overall interest costs. Seek Professional Guidance Financial advisors can provide tailored strategies to manage and reduce debt effectively. Nonprofit credit counseling agencies also offer free or low-cost services. Embracing Technology for Financial Management Technology offers seniors innovative ways to manage finances. Digital tools and apps simplify budgeting, bill payments, and investments. Budgeting Apps Apps like Mint and YNAB (You Need A Budget) help seniors track expenses, set financial goals, and monitor spending habits. These tools provide real-time insights into financial health. Online Banking Most banks offer online platforms for easy access to account balances, bill payments, and transaction histories. Features like automated payments and fraud alerts enhance security and convenience. Robo-Advisors Robo-advisors provide automated investment management, making investing accessible and affordable for seniors. They use algorithms to recommend portfolios based on risk tolerance and financial goals. The Importance of Estate Planning Estate planning ensures that seniors’ assets are distributed according to their wishes. Key components include: Drafting a Will A will outlines how assets should be distributed after death. Without one, state laws determine asset distribution, which may not align with personal preferences. Establishing a Trust Trusts provide greater control over asset distribution and can reduce estate taxes. They also protect assets from probate, ensuring a smoother transfer to beneficiaries. Designating Power of Attorney A power of attorney authorizes a trusted individual to make financial or medical decisions on behalf of the senior if they become incapacitated. Advance directives, like living wills, further clarify healthcare preferences. Community Resources and Support Local communities often provide resources to help seniors manage finances. Examples include: Senior centers offering financial literacy workshops. Nonprofits providing free or low-cost financial counseling. Local banks with programs tailored to senior citizens. Community groups that connect seniors with trusted advisors and support networks. Maintaining a Frugal Lifestyle Adopting a frugal lifestyle can stretch retirement savings further. Simple tips include: Shopping during sales or using coupons. Downsizing to a smaller home. Using public transportation instead of owning a car. Cooking at home rather than dining out. Staying Informed and Proactive Financial security requires staying informed about changes in policies, market conditions, and available resources. Regularly reviewing and adjusting financial plans ensures alignment with current needs and goals. Education, whether through online resources or workshops, empowers seniors to make informed decisions. Conclusion Achieving financial security in aging is possible with the right tools and strategies. By budgeting, leveraging government programs, exploring investment options, and planning for long-term care, seniors can navigate their financial future confidently. Additionally, embracing technology, reducing debt, and seeking professional guidance further enhance financial well-being. With proactive planning and informed decisions , the golden years can truly be a time of peace and financial stability. 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Iran has summoned the Swiss ambassador in Tehran, who represents American interests in the country, and a senior Italian diplomat, over the arrest by the US of two Iranian nationals this week, Iranian media reported on Saturday. “We consider these arrests in violation of international law,” Iranian media quoted the foreign ministry as saying, adding that the Swiss ambassador and the Italian charge d’affaires were asked to pass on Iran’s protest. US prosecutors charged the two men on Monday with illegally exporting sensitive technology to Iran that they said was used in a January drone attack in Jordan that killed three US service members. Federal prosecutors in Boston charged Mohammad Abedini, the co-founder of an Iranian-based company, and Mahdi Sadeghi, an employee of Massachusetts-based semiconductor manufacturer Analog Devices ADI.O, with conspiring to violate US export laws. Prosecutors also charged Abedini, also known as Mohammad Abedininajafabadi, with providing material support to Iran’s Islamic Revolutionary Guard Corps that resulted in death. The US designates the Revolutionary Guards a foreign terrorist organization. Abedini, a resident of both Switzerland and Iran, was arrested in Milan, Italy, at the request of the US government, which will seek his extradition. Sadeghi, an Iranian-born naturalized American citizen living in Natick, Massachusetts, was also arrested. “We often cite hypothetical risk when we talk about the dangers of American technologies getting into dangerous hands,” US Attorney Joshua Levy in Massachusetts said. “Unfortunately, in this situation, we are not speculating.” At a press conference in Boston, Levy said the FBI had been able to trace sophisticated navigation equipment used in the drone to Abedini’s Iranian company, SDRA, which manufactured the navigation system. Levy said Abedini had used a company in Switzerland as a front to procure American technologies from Sadeghi’s employer including accelerometers and gyroscopes that were then sent to Iran. During a brief court hearing, Sadeghi was ordered detained pending a further hearing after a prosecutor called him a flight risk. His court-appointed lawyer did not respond to request for comment. A lawyer for Abedini could not be identified. Court papers do not identify Sadeghi’s employer by name, but Analog Devices in a statement confirmed he worked for the company. Analog Devices said it was cooperating with law enforcement and was “committed to preventing unauthorized access to and misuse of our products and technology.” The January 28 drone attack on a US outpost in Jordan called Tower 22 , near the Syrian border, was the first deadly strike against American forces since the Israel-Hamas war erupted after Hamas’s October 7 onslaught in southern Israel. The three Army Reserve soldiers killed in the attack were all from Georgia. They were Sergeant William Jerome Rivers, Specialist Kennedy Ladon Sanders, and Specialist Breonna Alexsondria Moffett. The White House later said the attack was facilitated by the Islamic Resistance in Iraq, an umbrella organization of hardline Iran-backed militant groups. Iran has denied involvement in the attack. Following the attack, the US launched a huge counterstrike against 85 sites in Iraq and Syria used by Iran’s Revolutionary Guard and Iranian-backed militia and bolstered Tower 22’s defenses.Speaking at the on Sunday at Jinnah Avenue, New Blue Area, Hafiz Naeem criticised the prevailing political system, stating that whenever a government is ousted or takes power, they seek support from the United States (U.S). He also pointed out that this trend extends to those who are imprisoned or those seeking release, highlighting the tendency to seek approval from the U.S. for such matters. He specifically urged Imran Khan to show solidarity with Hamas and publicly denounce the state of Israel. The JI supremo further stated that while the U.S. possesses thousands of missiles, it continues to impose sanctions on Pakistan’s missile technology. He emphasised that the nation had sacrificed to develop nuclear weapons, which are vital for the protection of both Pakistan and the Muslim Ummah. He criticised political parties that seek approval from the U.S. to imprison and release individuals, highlighting the need to ensure democratic freedoms for the people. Hafiz Naeem also condemned the U.S. as a “terrorist nation” and argued that Pakistan could never achieve prosperity while under America’s influence. He pointed out that the U.S. labels those who resist its imperialism as terrorists and imposes its own version of democracy. He further stated that Israel could not fight groups like Hamas, as it targets innocent children, and that Israel’s expansionist goals now reach beyond Palestine, with plans involving Syria, Lebanon, and even Medina. The Jamaat-e-Islami leader referenced Pakistan’s founder, Quaid-e-Azam Muhammad Ali Jinnah, who had described Israel as an illegitimate child of the West.” He also expressed his support for the oppressed Palestinian people, noting that Gaza faces harsher cold conditions than Islamabad, with two million people living in camps. He condemned Israel’s actions as genocide, having killed 46,000 people, and criticised the U.S. for supporting this “open terrorism.” Hafiz Naeem pointed out that the indifference of most Muslim countries, except a few, towards the Israeli-Palestinian conflict further strengthens Israel’s position. He concluded by reaffirming that Israel cannot stand against the resistance of Muslim fighters, adding that Israel’s aggression would eventually be defeated.
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America Still Needs Jimmy Carter’s Health Care Agenda—Even If It FloppedBank of Canada governor Tiff Macklem says the central bank is preparing for a future that looks more uncertain and more prone to shocks. In a speech to the Greater Vancouver Board of Trade on Monday, he said structural changes are underway in the world, including demographic shifts, technological changes, decarbonization and a move away from globalization. "We need to use the pandemic experience to prepare for future crises," Macklem said in a prepared text of his speech. Sean Fraser to leave federal cabinet as PMO pushes to add Mark Carney To that end, Macklem says the Bank of Canada is working to learn what it can from how the economy reacted to the pandemic and its aftermath. The Bank of Canada is conducting a review of the policy actions it took to restore financial stability and support the economy during the pandemic that it plans to publish along with an assessment of an independent panel of experts. Macklem said the spike in inflation in 2022 was a reminder that even though inflation was relatively low and stable for 30 years leading up to the pandemic, central banks cannot take public trust for granted. "All of a sudden, people couldn't afford the things they need. And while inflation is low once again, many prices are still a lot higher than they were before the pandemic. So, people feel ripped off. And that erodes public trust in our economic system," he said in his speech. Terry Fox on the $5, big money for the border — what we learned from the economic statement The Bank of Canada has cut its key policy interest rate five times this year including last week when it reduced the benchmark by a half a percentage point to 3.25 per cent. Macklem says the bank will be evaluating the need for further reductions in the policy rate one decision at a time and anticipates a more gradual approach to monetary policy if the economy evolves as expected. Statistics Canada reported last month that the annual inflation rate was two per cent in Ontario, hitting the Bank of Canada's target. The speech by Macklem came ahead of the release of the November inflation report on Tuesday.
Supermarket chain Jumbo has its use of artificial intelligence to detect shoplifting, citing concerns about customer experience and societal impacts. CEO Ton van Veen confirmed the decision, stating, “We tried to use technology to recognize deviant behavioral patterns, but we won’t continue with it.” Jumbo announced at the start of the year that it loses over 100 million euros annually due to shoplifting, a significant blow to the company’s bottom line. “That’s money we can’t pass on to customers in the form of lower prices,” said Van Veen. This year, Jumbo managed to reduce losses from theft by 30 million euros, cutting theft-related losses to 1 percent of total revenue. “We’ve reduced it by a third, but I believe it should be brought down to no more than half a percent of turnover,” Van Veen said. “These savings can then be passed on to our customers.” Jumbo had implemented AI trials to analyze customer behavior and identify potential shoplifters based on deviations in patterns. The experiment included analyzing surveillance footage and conducting targeted random checks at self-checkout counters. Despite these efforts, the initiative failed to meet expectations. “It does not enhance the shopping experience,” Van Veen said. “Customers are not potential thieves. They are absolutely welcome, even if someone forgets to scan an item occasionally. We don’t want to respond to the hardening of society with tougher measures.” Van Veen emphasized the importance of social interaction in combating theft, saying, “Social control and making eye contact with customers are key.” He further ruled out deploying body cameras for employees, a measure implemented by other supermarket chains such as Dirk earlier this year. “Bodycams are not the answer,” he stated. Instead, Jumbo is focusing on traditional security measures, including enhanced surveillance, stricter random checks at self-checkout counters, and increased employee presence on the shop floor. The company has also implemented measures such as issuing fines of 181 euros to shoplifters and frequently imposing store bans.
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Sir Keir Starmer was speaking at the Joint Expeditionary Force (JEF) conference in Estonia where he met leaders of other Baltic states. After signing an energy partnership with Norwegian Prime Minister Jonas Gahr Store in Bergen, Sir Keir flew to Estonia where he spoke alongside Mr Store and their Estonian counterpart Kristen Michal. Asked what else could be done to support Ukraine, Sir Keir said: “There is an ever-increasing demand for more capability. That is understandable, and Ukraine needs all the capability that it can get, so I think all of us have put in more capability into Ukraine by way of equipment.” He added: “A lot of money has been raised, funding has been raised, but more is going to be needed.” The Prime Minister’s also discussed making the economic case at home for continued support for Ukraine. Sir Keir said: “Making the case on the significance of Ukraine, making the case, to double down, linking it back to each of our countries – what does it mean for us if Russia succeeds, is a really important question that we have to answer with our people to make it clear why it is that we are so supportive of Ukraine, why it is that we must stand with our allies on this, why it is we must make sure that Nato is put in the strongest position as well. “Now, this is a different world to the world of 10, 20 years ago, to recognise the world that we are living in, there’s a positive case as well to be made. “Defence spending doesn’t sort of sit in a silo over here with no effect on the rest of the economy, no effect on technology. “It has a huge effect on technologies, the cutting edge of technology and change which can then be used in other areas. “It binds countries together. I think all of us have got joint projects on in terms of defence capabilities that bind us together. There’s a huge number of well-paid jobs that are very important to our economy in defence spending as well. “But we have to make that positive case. I don’t personally feel that we can sort of sit back and assume that all of those in our respective countries necessarily accept all of our arguments unless we make them in that positive way, which I do think the argument can and should and must be made. “But the challenge that you put to us is the right challenge, which is it’s very difficult when finances are tight, as they are in all of our countries.” On Tuesday morning the Prime Minister will meet Taavi Madiberk, the founder of Estonian tech start-up manufacturing low-cost air defence missiles, Frankenburg Technologies, which is planning to open a new office in London Specialising in the manufacture of the missiles, the rapidly growing company already collaborates closely with the UK defence industry, sourcing a significant portion of its subsystems locally, including from propulsion specialists Roxel in Worcestershire. The Prime Minister will again attend the JEF summit, joining leaders from the Nordics and Baltics to discuss support for Ukraine, the sustained threat posed by Russia and wider European security. He will then visit British forces serving in the region to deter malign Russian threats.Aston Villa vs Man City: Morgan Rogers Shines as Villa Triumphs 2-1
Protecting Your Online Privacy Has Never Been So Affordable With This Amazing Black Friday DealChina is focusing on large language models (LLMs) in the artificial intelligence space. Blackdovfx | Istock | Getty Images China's attempts to dominate the world of artificial intelligence could be paying off, with industry insiders and technology analysts telling CNBC that Chinese AI models are already hugely popular and are keeping pace with — and even surpassing — those from the U.S. in terms of performance. AI has become the latest battleground between the U.S. and China, with both sides considering it a strategic technology. Washington continues to restrict China's access to leading-edge chips designed to help power artificial intelligence amid fears that the technology could threaten U.S. national security. It's led China to pursue its own approach to boosting the appeal and performance of its AI models, including relying on open-sourcing technology and developing its own super-fast software and chips. China is creating popular LLMs Like some of the leading U.S. firms in the space, Chinese AI firms are developing so-called large language models, or LLMs, which are trained on huge amounts of data and underpin applications such as chatbots. Unlike OpenAI's models which power the hugely popular ChatGPT, however, many of these Chinese companies are developing open-source, or open-weight, LLMs which developers can download and build on top of for free and without stringent licensing requirements from the inventor. On Hugging Face, a repository of LLMs, Chinese LLMs are the most downloaded, according to Tiezhen Wang, a machine learning engineer at the company. Qwen, a family of AI models created by Chinese e-commerce giant Alibaba , is the most popular on Hugging Face, he said. "Qwen is rapidly gaining popularity due to its outstanding performance on competitive benchmarks," Wang told CNBC by email. He added that Qwen has a "highly favorable licensing model" which means it can be used by companies without the need for "extensive legal reviews." Qwen comes in various sizes, or parameters, as they're known in the world of LLMs. Large parameter models are more powerful but have higher computational costs, while smaller ones are cheaper to run. "Regardless of the size you choose, Qwen is likely to be one of the best-performing models available right now," Wang added. DeepSeek, a start-up, also made waves recently with a model called DeepSeek-R1. DeepSeek said last month that its R1 model competes with OpenAI's o1 — a model designed for reasoning or solving more complex tasks. These companies claim that their models can compete with other open-source offerings like Meta 's Llama, as well as closed LLMs such as those from OpenAI, across various functions. "In the last year, we've seen the rise of open source Chinese contributions to AI with really strong performance, low cost to serve and high throughput," Grace Isford, a partner at Lux Capital, told CNBC by email. China pushes open source to go global Open sourcing a technology serves a number of purposes, including driving innovation as more developers have access to it, as well as building a community around a product. It is not only Chinese firms that have launched open-source LLMs. Facebook parent Meta, as well as European start-up Mistral, also have open-source versions of AI models. But with the technology industry caught in the crosshairs of the geopolitical battle between Washington and Beijing, open-source LLMs give Chinese firms another advantage: enabling their models to be used globally. "Chinese companies would like to see their models used outside of China, so this is definitively a way for companies to become global players in the AI space," Paul Triolo, a partner at global advisory firm DGA Group, told CNBC by email. While the focus is on AI models right now, there is also debate over what applications will be built on top of them — and who will dominate this global internet landscape going forward. "If you assume these frontier base AI models are table stakes, it's about what these models are used for, like accelerating frontier science and engineering technology," Lux Capital's Isford said. Today's AI models have been compared to operating systems, such as Microsoft's Windows, Google 's Android and Apple 's iOS, with the potential to dominate a market, like these companies do on mobile and PCs. If true, this makes the stakes for building a dominant LLM higher. "They [Chinese companies] perceive LLMs as the center of future tech ecosystems," Xin Sun, senior lecturer in Chinese and East Asian business at King's College London, told CNBC by email. "Their future business models will rely on developers joining their ecosystems, developing new applications based on the LLMs, and attracting users and data from which profits can be generated subsequently through various means, including but far beyond directing users to use their cloud services," Sun added. Chip restrictions cast doubt over China's AI future AI models are trained on vast amounts of data, requiring huge amounts of computing power. Currently, Nvidia is the leading designer of the chips required for this, known as graphics processing units (GPUs). Most of the leading AI companies are training their systems on Nvidia's most high-performance chips — but not in China. Over the past year or so, the U.S. has ramped up export restrictions on advanced semiconductor and chipmaking equipment to China. It means Nvidia 's leading-edge chips cannot be exported to the country and the company has had to create sanction-compliant semiconductors to export. Despite, these curbs, however, Chinese firms have still managed to launch advanced AI models. "Major Chinese technology platforms currently have sufficient access to computing power to continue to improve models. This is because they have stockpiled large numbers of Nvidia GPUs and are also leveraging domestic GPUs from Huawei and other firms," DGA Group's Triolo said. Indeed, Chinese companies have been boosting efforts to create viable alternatives to Nvidia . Huawei has been one of the leading players in pursuit of this goal in China, while firms like Baidu and Alibaba have also been investing in semiconductor design. "However, the gap in terms of advanced hardware compute will become greater over time, particularly next year as Nvidia rolls out its Blackwell-based systems that are restricted for export to China," Triolo said. Lux Capital's Isford flagged that China has been "systematically investing and growing their whole domestic AI infrastructure stack outside of Nvidia with high-performance AI chips from companies like Baidu." "Whether or not Nvidia chips are banned in China will not prevent China from investing and building their own infrastructure to build and train AI models," she added.LAS VEGAS — Players Era Festival organizers have done what so many other have tried — bet their fortunes in this city that a big payoff is coming. Such bet are usually bad ones, which is why so many massive casino-resorts have been built on Las Vegas Boulevard. But it doesn't mean the organizers are wrong. They're counting on the minimum of $1 million in guaranteed name, image and likeness money that will go to each of the eight teams competing in the neutral-site tournament that begins Tuesday will create a precedent for other such events. EverWonder Studios CEO Ian Orefice, who co-founded Players with former AND1 CEO Seth Berger, compared this event to last year's inaugural NBA In-Season Tournament that played its semifinals and final in Las Vegas by saying it "did really well to reinvigorate the fan base at the beginning of the year." "We're excited that we're able to really change the paradigm in college basketball on the economics," Orefice said. "But for us, it's about the long term. How do we use the momentum that is launching with the 2024 Players Era Festival and be the catalyst not to change one event, but to change college basketball for the future." Orefice and Berger didn't disclose financial details, but said the event will come close to breaking even this year and that revenue is in eight figures. Orefice said the bulk of the revenue will come from relationships with MGM, TNT Sports and Publicis Sport & Entertainment as well as sponsors that will be announced later. Both organizers said they are so bullish on the tournament's prospects that they already are planning ahead. Money made from this year's event, Orefice said, goes right back into the company. "We're really in this for the long haul," Orefice said. "So we're not looking at it on a one-year basis." Rick Giles is president of the Gazelle Group, which also operates several similar events, including the College Basketball Invitational. He was skeptical the financial numbers would work. Giles said in addition to more than $8 million going to the players, there were other expenses such as the guarantees to the teams. He said he didn't know if the tournament would make up the difference with ticket sales, broadcast rights and sponsorship money. The top bowl of the MGM Grand Garden Arena will be curtained off. "The math is highly challenging," Giles said. "Attendance and ticket revenues are not going to come anywhere close to covering that. They haven't announced any sponsors that I'm aware of. So it all sort of rests with their media deal with Turner and how much capital they want to commit to it to get these players paid." David Carter, a University of Southern California adjunct professor who also runs the Sports Business Group consultancy, said even if the Players isn't a financial success this year, the question is whether there will be enough interest to move forward. "If there is bandwidth for another tournament and if the TV or the streaming ratings are going to be there and people are going to want to attend and companies are going to want to sponsor, then, yeah, it's probably going to work," Carter said. "But it may take them time to gain that traction." Both founders said they initially were met with skepticism about putting together such an event, especially from teams they were interested in inviting. Houston was the first school to commit, first offering an oral pledge early in the year and then signing a contract in April. That created momentum for others to join, and including the No. 6 Cougars, half the field is ranked. "We have the relationships to operate a great event," Berger said. "We had to get coaches over those hurdles, and once they knew that we were real, schools got on board really quickly." The founders worked with the NCAA to make sure the tournament abided by that organization's rules, so players must appear at ancillary events in order to receive NIL money. Strict pay for play is not allowed, though there are incentives for performance. The champion, for example, will receive $1.5 million in NIL money. Now the pressure is on to pull off the event and not create the kind of headlines that can dog it for years to come. "I think everybody in the marketplace is watching what's going to happen (this) week and, more importantly, what happens afterwards," Giles said. "Do the players get paid on a timely basis? And if they do, that means that Turner or somebody has paid way more than the market dictates? And the question will be: Can that continue?" CREIGHTON: P oint guard Steven Ashworth likely won’t play in the No. 21 Bluejays’ game against San Diego State in the Players Era Festival in Las Vegas. Ashworth sprained his right ankle late in a loss to Nebraska on Friday and coach Greg McDermott said afterward he didn’t know how long he would be out. Get local news delivered to your inbox!
NoneShare Tweet Share Share Email Financial security becomes increasingly important as individuals enter their senior years. Aging often comes with unique challenges, such as reduced income, rising healthcare costs, and the need for long-term care. However, there are many tools and strategies available to help seniors achieve financial stability. This article explores effective solutions to secure financial well-being during the golden years . Understanding the Financial Challenges of Aging Before diving into solutions, it’s essential to understand the common financial obstacles seniors face. These include: Reduced Income: Retirement often means living on a fixed income from pensions, Social Security, or retirement savings. Increased Healthcare Costs: Aging is often accompanied by medical expenses, including medications, treatments, and possibly long-term care. Longevity Risk: With increased life expectancy, many seniors risk outliving their savings. Inflation: The rising cost of goods and services can erode purchasing power over time. Unexpected Expenses: Emergencies, home repairs, or health crises can significantly strain finances. Being aware of these challenges is the first step toward finding effective financial solutions. Creating a Comprehensive Budget A well-planned budget is the cornerstone of financial security for seniors. It helps track income, expenses, and savings. Here’s how to create an effective budget: Assess Income Sources Identify all sources of income, including: Social Security benefits Pension payments Investment income Annuities Part-time employment (if applicable) Track Expenses Categorize expenses into fixed (e.g., rent or mortgage, utilities) and variable (e.g., groceries, entertainment). This helps prioritize spending and identify areas for cost-cutting. Plan for Emergencies Allocate a portion of income to an emergency fund. Experts recommend having at least three to six months’ worth of expenses saved. This buffer can help cover unexpected costs without jeopardizing other financial goals. Leveraging Government Programs Government programs provide vital support to seniors. Some key programs include: Social Security Benefits Social Security remains a primary income source for many retirees. Seniors can maximize benefits by delaying claims until full retirement age or later, if possible. Understanding the nuances of Social Security, such as spousal and survivor benefits, can also help maximize income. Medicare and Medicaid These programs help cover healthcare costs. While Medicare is available to most seniors, Medicaid offers additional support for low-income individuals needing long-term care. Supplemental plans like Medicare Advantage or Medigap can further reduce out-of-pocket costs. Supplemental Nutrition Assistance Program (SNAP) SNAP provides food assistance, helping seniors afford nutritious meals without compromising other essential expenses. Local social service offices can assist with applications and eligibility requirements. Exploring Investment Options Investments can play a crucial role in maintaining financial security during retirement. However, seniors should adopt a conservative approach to reduce risk. Diversify Your Portfolio A well-diversified portfolio minimizes risk while ensuring steady returns. Consider a mix of: Bonds: Low-risk and reliable income sources. Dividend-paying stocks: Provide regular income. Mutual funds: Offer diversification and professional management. Real estate investment trusts (REITs): Provide income from property investments without direct ownership. Utilize Annuities Annuities provide guaranteed income for life or a specified period. They are particularly useful for seniors concerned about outliving their savings. Options like immediate, deferred, and fixed annuities can be tailored to individual needs. Safe Withdrawal Rate Adopting a safe withdrawal rate, such as the 4% rule, ensures that retirees do not deplete their savings too quickly. Adjusting withdrawals based on market performance adds an extra layer of security. Long-Term Care Planning Planning for long-term care is critical to avoid financial strain. Options include: Long-Term Care Insurance This insurance helps cover costs associated with assisted living, nursing homes, or in-home care. Purchasing a policy earlier in life reduces premiums and increases coverage options. Health Savings Accounts (HSAs) HSAs allow individuals to save for healthcare expenses tax-free. Seniors can use these funds to pay for medical needs during retirement. Contributions made during working years can grow significantly over time. Reverse Mortgages A reverse mortgage enables seniors to convert home equity into cash while continuing to live in their homes. This option suits those with significant home equity but limited liquid assets. However, it’s essential to understand the terms and risks involved . Debt Management Strategies Managing debt is essential for financial stability. Seniors should prioritize paying off high-interest debts, such as credit card balances, to free up income for essential needs. Consolidate Debt Debt consolidation simplifies repayment by combining multiple debts into a single, lower-interest loan. This approach reduces monthly payments and overall interest costs. Seek Professional Guidance Financial advisors can provide tailored strategies to manage and reduce debt effectively. Nonprofit credit counseling agencies also offer free or low-cost services. Embracing Technology for Financial Management Technology offers seniors innovative ways to manage finances. Digital tools and apps simplify budgeting, bill payments, and investments. Budgeting Apps Apps like Mint and YNAB (You Need A Budget) help seniors track expenses, set financial goals, and monitor spending habits. These tools provide real-time insights into financial health. Online Banking Most banks offer online platforms for easy access to account balances, bill payments, and transaction histories. Features like automated payments and fraud alerts enhance security and convenience. Robo-Advisors Robo-advisors provide automated investment management, making investing accessible and affordable for seniors. They use algorithms to recommend portfolios based on risk tolerance and financial goals. The Importance of Estate Planning Estate planning ensures that seniors’ assets are distributed according to their wishes. Key components include: Drafting a Will A will outlines how assets should be distributed after death. Without one, state laws determine asset distribution, which may not align with personal preferences. Establishing a Trust Trusts provide greater control over asset distribution and can reduce estate taxes. They also protect assets from probate, ensuring a smoother transfer to beneficiaries. Designating Power of Attorney A power of attorney authorizes a trusted individual to make financial or medical decisions on behalf of the senior if they become incapacitated. Advance directives, like living wills, further clarify healthcare preferences. Community Resources and Support Local communities often provide resources to help seniors manage finances. Examples include: Senior centers offering financial literacy workshops. Nonprofits providing free or low-cost financial counseling. Local banks with programs tailored to senior citizens. Community groups that connect seniors with trusted advisors and support networks. Maintaining a Frugal Lifestyle Adopting a frugal lifestyle can stretch retirement savings further. Simple tips include: Shopping during sales or using coupons. Downsizing to a smaller home. Using public transportation instead of owning a car. Cooking at home rather than dining out. Staying Informed and Proactive Financial security requires staying informed about changes in policies, market conditions, and available resources. Regularly reviewing and adjusting financial plans ensures alignment with current needs and goals. Education, whether through online resources or workshops, empowers seniors to make informed decisions. Conclusion Achieving financial security in aging is possible with the right tools and strategies. By budgeting, leveraging government programs, exploring investment options, and planning for long-term care, seniors can navigate their financial future confidently. Additionally, embracing technology, reducing debt, and seeking professional guidance further enhance financial well-being. With proactive planning and informed decisions , the golden years can truly be a time of peace and financial stability. 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Iran has summoned the Swiss ambassador in Tehran, who represents American interests in the country, and a senior Italian diplomat, over the arrest by the US of two Iranian nationals this week, Iranian media reported on Saturday. “We consider these arrests in violation of international law,” Iranian media quoted the foreign ministry as saying, adding that the Swiss ambassador and the Italian charge d’affaires were asked to pass on Iran’s protest. US prosecutors charged the two men on Monday with illegally exporting sensitive technology to Iran that they said was used in a January drone attack in Jordan that killed three US service members. Federal prosecutors in Boston charged Mohammad Abedini, the co-founder of an Iranian-based company, and Mahdi Sadeghi, an employee of Massachusetts-based semiconductor manufacturer Analog Devices ADI.O, with conspiring to violate US export laws. Prosecutors also charged Abedini, also known as Mohammad Abedininajafabadi, with providing material support to Iran’s Islamic Revolutionary Guard Corps that resulted in death. The US designates the Revolutionary Guards a foreign terrorist organization. Abedini, a resident of both Switzerland and Iran, was arrested in Milan, Italy, at the request of the US government, which will seek his extradition. Sadeghi, an Iranian-born naturalized American citizen living in Natick, Massachusetts, was also arrested. “We often cite hypothetical risk when we talk about the dangers of American technologies getting into dangerous hands,” US Attorney Joshua Levy in Massachusetts said. “Unfortunately, in this situation, we are not speculating.” At a press conference in Boston, Levy said the FBI had been able to trace sophisticated navigation equipment used in the drone to Abedini’s Iranian company, SDRA, which manufactured the navigation system. Levy said Abedini had used a company in Switzerland as a front to procure American technologies from Sadeghi’s employer including accelerometers and gyroscopes that were then sent to Iran. During a brief court hearing, Sadeghi was ordered detained pending a further hearing after a prosecutor called him a flight risk. His court-appointed lawyer did not respond to request for comment. A lawyer for Abedini could not be identified. Court papers do not identify Sadeghi’s employer by name, but Analog Devices in a statement confirmed he worked for the company. Analog Devices said it was cooperating with law enforcement and was “committed to preventing unauthorized access to and misuse of our products and technology.” The January 28 drone attack on a US outpost in Jordan called Tower 22 , near the Syrian border, was the first deadly strike against American forces since the Israel-Hamas war erupted after Hamas’s October 7 onslaught in southern Israel. The three Army Reserve soldiers killed in the attack were all from Georgia. They were Sergeant William Jerome Rivers, Specialist Kennedy Ladon Sanders, and Specialist Breonna Alexsondria Moffett. The White House later said the attack was facilitated by the Islamic Resistance in Iraq, an umbrella organization of hardline Iran-backed militant groups. Iran has denied involvement in the attack. Following the attack, the US launched a huge counterstrike against 85 sites in Iraq and Syria used by Iran’s Revolutionary Guard and Iranian-backed militia and bolstered Tower 22’s defenses.Speaking at the on Sunday at Jinnah Avenue, New Blue Area, Hafiz Naeem criticised the prevailing political system, stating that whenever a government is ousted or takes power, they seek support from the United States (U.S). He also pointed out that this trend extends to those who are imprisoned or those seeking release, highlighting the tendency to seek approval from the U.S. for such matters. He specifically urged Imran Khan to show solidarity with Hamas and publicly denounce the state of Israel. The JI supremo further stated that while the U.S. possesses thousands of missiles, it continues to impose sanctions on Pakistan’s missile technology. He emphasised that the nation had sacrificed to develop nuclear weapons, which are vital for the protection of both Pakistan and the Muslim Ummah. He criticised political parties that seek approval from the U.S. to imprison and release individuals, highlighting the need to ensure democratic freedoms for the people. Hafiz Naeem also condemned the U.S. as a “terrorist nation” and argued that Pakistan could never achieve prosperity while under America’s influence. He pointed out that the U.S. labels those who resist its imperialism as terrorists and imposes its own version of democracy. He further stated that Israel could not fight groups like Hamas, as it targets innocent children, and that Israel’s expansionist goals now reach beyond Palestine, with plans involving Syria, Lebanon, and even Medina. The Jamaat-e-Islami leader referenced Pakistan’s founder, Quaid-e-Azam Muhammad Ali Jinnah, who had described Israel as an illegitimate child of the West.” He also expressed his support for the oppressed Palestinian people, noting that Gaza faces harsher cold conditions than Islamabad, with two million people living in camps. He condemned Israel’s actions as genocide, having killed 46,000 people, and criticised the U.S. for supporting this “open terrorism.” Hafiz Naeem pointed out that the indifference of most Muslim countries, except a few, towards the Israeli-Palestinian conflict further strengthens Israel’s position. He concluded by reaffirming that Israel cannot stand against the resistance of Muslim fighters, adding that Israel’s aggression would eventually be defeated.
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$1100 off Samsung TV that’s like a ‘work of art’ - news.com.auJack Daugherty scores 16 as Illinois State fends off Cornell 80-77ICEYE expands its Earth Observation capabilities with launch of two SAR satellites for mid-inclination orbit on the Bandwagon-2 mission with SpaceX