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ATLANTA — Already reeling from their November defeats, Democrats grappled Monday with President Joe Biden’s pardoning of his son for federal crimes, with some calling the move misguided and unwise after the party spent years slamming Donald Trump as a threat to democracy who disregarded the law. The president pardoned Hunter Biden late Sunday evening, reversing his previous pledges with a grant of clemency that covers more than a decade of any federal crimes his son might have committed. The 82-year-old president said in a statement that his son’s prosecution on charges of tax evasion and falsifying a federal weapons purchase form were politically motivated. “He believes in the justice system, but he also believes that politics infected the process and led to a miscarriage of justice,” White House press secretary Karine Jean-Pierre said Monday. She, along with Biden and other White House officials, insisted for months that Hunter Biden would not get a pardon. That explanation did not satisfy some Democrats, angry that Biden’s reversal could make it harder to take on Trump, who argues that indictments and a conviction against him were a matter of Biden and Democrats turning the justice system against him. “This is a bad precedent that could be abused by later Presidents and will sadly tarnish his reputation,” Colorado Gov. Jared Polis wrote on social media. Rep. Greg Stanton, D-Ariz., posted: “This wasn’t a politically motivated prosecution. Hunter committed felonies and was convicted by a jury of his peers.” Certainly, the president has Democratic defenders who note Trump’s use of presidential power to pardon a slew of his convicted aides, associates and friends, several for activities tied to Trump’s campaign and first administration. “Trump pardoned Roger Stone, Steve Bannon, Michael Flynn and Paul Manafort, as well as his son-in-law’s father, Charles Kushner — who he just appointed US ambassador to France,” prominent Democratic fundraiser Jon Cooper wrote on social media. Democratic National Committee Chairman Jaime Harrison said there “is no standard for Donald Trump, and the highest standard for Democrats and Joe Biden.” Harrison pointed to Trump’s apparent plans to oust FBI Director Christopher Wray and replace him with loyalist Kash Patel and suggested the GOP’s pursuit of Hunter Biden would not have ended without clemency. First lady Jill Biden said Monday from the White House: “Of course I support the pardon of my son.” Get local news delivered to your inbox!WASHINGTON — President Joe Biden on Tuesday took credit for building a strong economy out of the ruins of the COVID-19 pandemic — just in time for him to turn it over to President-elect Donald Trump , who is already threatening tariffs that would likely weaken it and bring back inflation. “The bottom line is, in four short years, we’ve come a long way ... from the crisis we inherited,” Biden said in a speech at the Brookings Institution think tank. “I’m not saying it was perfect, but it ends up at this moment the best economy, strongest economy in the world and, for all Americans, doing better.” The Democrat cited the jobs created under his administration, as well as clean energy and infrastructure projects begun all over the country, and said he hoped the man who both preceded him and will succeed him in the Oval Office does not undo them or follow through with his promised tariffs. “He seems determined to impose steep universal tariffs on all imported goods brought to this country, on the mistaken belief that foreign countries will bear the cost of those tariffs rather than the American consumer,” Biden said. “Who does he thinks pays for this? I believe this approach is a major mistake.” Trump, though, appears unlikely to heed that warning. Just after midnight Tuesday, he mockingly called Canadian Prime Minister Justin Trudeau the “Governor” of Canada, which he called a “State.” During Trudeau’s visit days earlier to the Republican’s South Florida country club home, Trump had reportedly told his guest that if he didn’t want tariffs imposed on Canada, his country should consider joining the U.S. as a new state. “I look forward to seeing the Governor again soon so that we may continue our in depth talks on Tariffs and Trade, the results of which will be truly spectacular for all!” Trump wrote on his Truth Social platform. For the three years before the pandemic was declared in 2020, Trump claimed — falsely — that he had brought about the best economy in American history. In fact, it was about the same or, by some measures, not quite as strong as the one built under his predecessor Barack Obama in his second presidential term. More jobs were created in Obama’s final three years than in Trump’s first three. Obama had come into office amid a deep recession caused by 2008’s global economic crisis but, by the time he left, was overseeing an economy with moderate but steady growth, negligible inflation and low unemployment. Similarly, Biden took office just past the nadir of the pandemic, with vaccine distribution just having started but thousands of Americans still dying per day. Just over half of the more than 20 million jobs lost early in the pandemic had come back, but unemployment still stood at over 6%. Four years later, all of the lost jobs have been recovered and 7 million more created. The high inflation that struck during the recovery is back down and near prepandemic levels, and unemployment is close to historic lows. Still, voters made it clear throughout the 2024 presidential election that they preferred their memories of Trump’s economy to what they saw as Biden’s economic realities. The president’s attempts to sell “Bidenomics” in the summer of 2023 flopped, and after Vice President Kamala Harris took his spot in the White House race, the Democratic campaign largely stopped trying to sell the public on Biden’s accomplishments. Many voters felt their wages had not kept up with the rising costs of groceries and housing. Though official measurements are complicated, they broadly show that this was true in 2021 and 2022 but not true for the latter two years of Biden’s presidency. Nonetheless, Trump, once again, will be handed a strong economy as he enters office. Early in his first term, he quickly began claiming that the economy he’d been criticizing as horrendous during his campaign was instead the best the country had seen in ages. It’s unclear whether and when Trump might start claiming that the current economy, which he similarly suggested was horrible in this year’s campaign, is instead terrific, all thanks to him. But what is clear is his intent to impose tariffs on foreign goods, on an even larger scale than he did the first time around. In his initial term, Trump imposed tariffs on steel and aluminum to help American makers of those metals, but set a wide range of tariffs on products from China, which in turn triggered retaliatory tariffs on American goods. That hurt both farmers and manufacturers, and caused business investment to fall for two straight quarters in 2019, a warning sign of an impending recession. Trump’s administration was scrambling to unwind the trade war ahead of the 2020 election when the pandemic began and sent the economy into free fall. This time, Trump is vowing tariffs against China again, as well as possibly imposing tariffs on Mexico and Canada — the two largest trading partners of the U.S. — in apparent violation of the trade agreement that he himself once signed. Don't let this be the end of the free press. The free press is under attack — and America's future hangs in the balance. As other newsrooms bow to political pressure, HuffPost is not backing down. Would you help us keep our news free for all? We can't do it without you. Can't afford to contribute? Support HuffPost by creating a free account and log in while you read. You've supported HuffPost before, and we'll be honest — we could use your help again . We view our mission to provide free, fair news as critically important in this crucial moment, and we can't do it without you. Whether you give once or many more times, we appreciate your contribution to keeping our journalism free for all. You've supported HuffPost before, and we'll be honest — we could use your help again . We view our mission to provide free, fair news as critically important in this crucial moment, and we can't do it without you. Whether you give just one more time or sign up again to contribute regularly, we appreciate you playing a part in keeping our journalism free for all. Already contributed? Log in to hide these messages. Biden’s top economic adviser, Jared Bernstein, said implementing across-the-board tariffs would certainly reverse the positive trends in the economy and bring inflation. “How quickly does that happen? Quite quickly,” he told reporters at the White House, adding that it would be a matter of months, not quarters. “The president’s speech today is the best advice I can give to any member of the incoming president’s economic team,” Bernstein said. Related From Our Partner
NSW Premier Chris Minns has condemned the actions of "horrific humans" after Sydney's eastern suburbs were rocked by a second antisemitic act in three weeks. Woollahra, a prominent Jewish community in Sydney, was attacked overnight with at least one car set on fire and two homes vandalised with antisemitic graffiti. Mr Minns spoke on the matter on Wednesday morning, slamming the actions of people who have "hate in their hearts". "I'm appalled by it, of course we're worried about it, but it will be met with a full police response, and I think the community needs to come together and condemn these shocking attacks," he told Sky News host Peter Stefanovic on First Edition. "The most important part is that we catch who's responsible for this and send a very clear message that if you perform this kind of hatred, this kind of violent act, you'll be met with the full force of the law...and clearly there's people in the community with hate in their hearts." He also flagged Australia was home per capita to the second-highest number of Holocaust survivors in the world, highlighting how the country was once seen as a place to avoid "hatred and division". The Premier said he was set to meet with local police officers in the eastern suburbs and that he had spoken with the NSW Police Commissioner, and David Ossip, the President of the NSW Jewish Board of Deputies during a busy morning as he aimed to establish a "united condemnation" of the attack. He also said the fact the person who was responsible for the prior antisemitic act in Woollahra has been arrested, providing optimism the offender will again be tracked down following the latest incident. Executive Council of Australian Jewry co-chief executive Alex Ryvchin said the Jewish community again woke "to scenes of terror and devastation". "More burning cars and broken glass. Another act intended to terrorise us, drive us from our country and make our fellow Australians fearful of associating with us," Mr Ryvchin said in a statement to SkyNews.com.au. "How long will this continue and with what horrors will it end? We ask that you stand with us. March with us. Don’t let this evil tear our country to pieces. We expect the new AFP taskforce to bring the perpetrators swiftly to justice.” Emergency services were called to the scene about 1am. Firefighters worked to extinguish the flames which destroyed a Toyota Corolla. Police said the car, two buildings and a footpath were vandalised. There are reports seven homes were spray-painted with hate speech. Investigators say two people were seen in the vicinity at the time of the rampage, describing them as aged 15 to 20, slim build, wearing face coverings and dark clothing. Mr Minns was also asked by Stefanovic for his response to Foreign Minister Penny Wong's recent comments where she equated Israel to Russia and China. “We expect Russia to abide by international law and end its illegal full-scale war on Ukraine. We expect China to abide by international legal decisions in the South China Sea. We also expect Israel to abide by international law," Senator Wong said on Monday night. The Premier said he was not aware of the comments, but declared "the answer is no" if he was asked to equate the actions of Russia with Israel. Retiring 2GB radio host Ray Hadley later heaped praise on Mr Minns' ongoing response to antisemitism in NSW, when speaking on First Edition, giving him a glowing recommendation for the nation's top job. "He should be the prime minister. I mean, he's got a handle on it. You know, he's basically on other channels this morning condemning Penny Wong for what she said and disagrees with that vehemently," Hadley said. "He's showing leadership, what the federal government showing is belated leadership and being undermined by the words of people like Bowen and Wong. "The Prime Minister has lost control of his government. That's what he's lost control of going to election sometime next year." The Premier was also asked about Prime Minister Anthony Albanese's response to antisemitism on a federal level, and moved to defend the Labor leader as someone who always stood up for racism in the community. "I've spoke to him many times about this issue and others. He's someone whose entire public life has been standing up against racism in our community," he said. "He was one of the loudest voices against the boycott, divestment and sanctions movement against Israel. He stood resolutely against that. "I'll work with him absolutely to confront what is despicable hate crimes and antisemitism in our community."
Liverpool GK Alisson urges team to 'create history'Some ASX shares can provide a very pleasing level of income, but which ones are worth owning? Companies such as ( ), ( ), ( ), and ( ) are well-known for paying dividends. However, they do not necessarily have a strong track record of consistently increasing their dividend payments each year. In fact, I believe that their dividend growth may be slow in the coming years. Therefore, I'd ideally want to own businesses that can deliver longer periods of dividend growth and offer investors a pleasing dividend yield today. With that in mind, I think the two stocks below are compelling options for dividends, growth, and . Medibank Private Ltd ( ) Medibank is the largest private health insurance business in Australia, with its Medibank and ahm brands. In my eyes, private health insurance is a defensive sector because most people value their health. The rising policyholder numbers are helping Medibank grow its operating profit and net non-resident policy unit growth was 69,000. Medibank reported that its operating profit increased 7.9% to $700 million, and overall underlying grew 14.1% to $570.4 million. This helped send the dividend per share higher by 13.7% to 16.6 cents. The latest annual payout translates into a grossed-up of 6.2%, including . Universal Store Holdings Ltd ( ) CTC (THRILLS and Worship). Despite all the economic uncertainty, the company and growth of 45.3% to $34.3 million. I believe this company can continue to grow profit by rolling out more stores in Australia, particularly Perfect Stranger. When it gave an update about the , the company said it was on track to achieve nine to 15 new stores in FY25 – it had 102 at the end of FY24. In that update, the business also said Perfect Stranger's total sales were up 111.1% year over year. The ASX share has a promising growth outlook, which would be very helpful for the company's dividend. In FY24, it grew its annual dividend to 35.5 cents – it has increased its dividend each year since it started paying one in 2021. The business has a grossed-up dividend yield of 6%, including franking credits.
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Sinn Fein ‘ignored role of 3,000 deaths in damaging community relations’FORT WAYNE, Ind. , Nov. 22, 2024 /PRNewswire/ -- Indiana Michigan Power (I&M), an American Electric Power (Nasdaq: AEP) company, has filed a joint settlement with the Indiana Office of Utility Consumer Counselor (OUCC), Amazon Web Services (AWS), Microsoft, Google, the Data Center Coalition (DCC), and the Citizens Action Coalition (CAC). This settlement is the result of a collaborative negotiation process that supports I&M's ability to provide the best service possible for all customers and allows the company to continue pursuing opportunities that support the economic growth of its communities. It also addresses power demand increases with the recently announced data centers locating in northeast Indiana , as well as potential future large load customers, while ensuring reliable and affordable service for all customers. The settlement will require new large load customers, including data centers, to make long-term financial commitments proportional to their size to ensure the costs to serve these customers are reasonably recovered from the customer, and not passed on to existing customers. These investments will support the ongoing grid modernization for the benefit of all customers. Data centers provide the digital infrastructure enabling the applications, technologies, and services that have become central to our daily lives and modern economy—everything from banking and medical care to online education and entertainment. The growing demand for digital services can require a significant amount of electricity around the clock to operate. To serve this increased power demand, I&M is required to invest in additional generation, as well as new transmission facilities to meet customer needs and maintain a safe and reliable grid for all customers. In April, AWS announced an $11 billion investment in a data center campus just west of New Carlisle, Ind. that will create at least 1,000 jobs and Google announced a $2 billion data center in Fort Wayne . These investments are among the largest economic development projects in the state of Indiana and bring significant benefits to surrounding communities. "AWS is excited to be expanding our operations in Indiana and be part of the state's growing tech sector. We have recently announced an $11 billion investment that will create numerous well-paying jobs and significantly contribute to the state's economy," said Brandon Oyer , Head of Energy & Water for the Americas, AWS. "Through continued partnership with I&M, this agreement supports the ongoing investment to modernize the local electric grid for the benefit of all ratepayers and ensure that costs to support data center growth are not passed along to other customers." I&M is currently in conversations with additional data center customers, who have also expressed an interest in locating in the northeast Indiana region. The settlement filed with the Indiana Utility Regulatory Commission (IURC) recognizes the energy needs of new large customers and proposes additional commitments that these customers must meet when establishing electric service. These new requirements are important to balance the interest of the new customers with the interest of I&M's existing customers. The new structure will enable I&M to optimize its existing and future investments to serve these new large loads in a way that is expected to reduce energy rates for all customers over time. In addition, the settlement ensures that such net new investments will be reasonably recovered from these large load customers. "I&M looks forward to working with some of the leading technology companies in the world that have chosen to locate in northeast Indiana . It is an exciting time for our region and I&M is committed to doing our part to support these customers as they bring investments and jobs to Indiana. I&M has the responsibility to serve the new customers, while also protecting existing customers, including residential, small business and those within other industries, from impacts related to necessary infrastructure improvements required to serve these customers," said Steve Baker , I&M president and chief operating officer. Protecting the interests of all customers was an important consideration of all parties that participated in the settlement agreement, including the OUCC and CAC. "Data centers will play a critical role in Indiana's future economic development in the years to come, while requiring substantial increases in power generation and transmission infrastructure," said Indiana Utility Consumer Counselor Bill Fine. "The terms in this agreement will ensure a balanced approach as those investments are made, protecting residential, commercial, and industrial customers from bearing the costs of new infrastructure necessary to serve new, large-volume customers." "As ratepayer advocates since 1974, Citizens Action Coalition takes very seriously our role as watchdogs for utility consumers," said Kerwin Olson , CAC Executive Director. "This settlement includes significant protections for I&M ratepayers as these large new loads come online in Indiana and provides for increased transparency into the energy needs and impacts of these new customers. Additionally, the contribution to INCAA will enable meaningful assistance and support for low-income Hoosiers in managing their monthly energy bills, including weatherization services to make homes more efficient, healthier, and safer." To further demonstrate the commitment of supporting the local communities, the companies that are signatories to this joint settlement—AWS, Microsoft, and Google—have each agreed to provide an annual contribution of $500,000 for five years to the Indiana Community Action Association, which provides various programs to support low-income Hoosiers once those companies begin taking service in the I&M service territory. "Since breaking ground on our campus in Fort Wayne , Google has been committed to being part of Indiana's economic future and supporting communities across the state to thrive for the long term. The inclusion of community support in this settlement builds on that commitment. We are building a strong partnership with Indiana Michigan Power and look forward to working together to explore opportunities for us to invest in new solutions, like grid-enhancing technologies, that will strengthen energy infrastructure for all Indiana customers," said Amanda Peterson Corio , Global Head of Energy at Google. About Indiana Michigan Power (I&M) Indiana Michigan Power (I&M) is headquartered in Fort Wayne , and its approximately 2,000 employees serve more than 600,000 customers. More than 85% of its energy delivered in 2023 was emission-free. I&M has at its availability various sources of generation including 2,278 MW of nuclear generation in Michigan , 450 MW of purchased wind generation from Indiana , more than 22 MW of hydro generation in both states and approximately 35 MW of large-scale solar generation in both states. The company's generation portfolio also includes 1,497 MW of coal-fueled generation. About American Electric Power (AEP) Our team at American Electric Power (Nasdaq: AEP) is committed to improving our customers' lives with reliable, affordable power. We are investing $54 billion from 2025 through 2029 to enhance service for customers and support the growing energy needs of our communities. Our nearly 16,000 employees operate and maintain the nation's largest electric transmission system with 40,000 line miles, along with more than 225,000 miles of distribution lines to deliver energy to 5.6 million customers in 11 states. AEP also is one of the nation's largest electricity producers with approximately 29,000 megawatts of diverse generating capacity. We are focused on safety and operational excellence, creating value for our stakeholders and bringing opportunity to our service territory through economic development and community engagement. Our family of companies includes AEP Ohio, AEP Texas, Appalachian Power (in Virginia , West Virginia and Tennessee ), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma , and Southwestern Electric Power Company (in Arkansas , Louisiana , east Texas and the Texas Panhandle ). AEP also owns AEP Energy, which provides innovative competitive energy solutions nationwide. AEP is headquartered in Columbus, Ohio . For more information, visit aep.com . News releases and other information about I&M are available at IndianaMichiganPower.com View original content to download multimedia: https://www.prnewswire.com/news-releases/im-and-stakeholders-file-large-load-settlement-to-advance-grid-reliability-and-support-economic-growth-302314657.html SOURCE Indiana Michigan Power
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Key details about the man accused of killing of UnitedHealthcare's CEONo. 9 Kentucky, focused on getting better, welcomes Jackson St.
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