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Hedge fund manager Scott Bessent is a credible, safe choice for US Treasury secretary -- and one that is likely positive for markets -- observers said Saturday following President-elect Donald Trump's highly anticipated nomination. His selection came after competition for the top economic job spilled into the open last weekend, with the world's richest man Elon Musk throwing his support instead behind Trump's transition team co-chair Howard Lutnick. Lutnick has since been named commerce secretary to lead Trump's tariff and trade agenda, and Bessent's nomination days later appears to be uncontroversial for now. "Scott Bessent is a credible, mainstream pick for Treasury Secretary," said Jason Furman, a professor at Harvard University and former top White House economic adviser. "I could see previous administrations as having chosen him," Furman, a former chair of the Council of Economic Advisers, told AFP. But a key difference is that Bessent, 62, has had to adopt and defend views on topics like tariffs, in a way "he never would have in pursuit of the job for a previous Republican administration." Tariffs are a key part of Trump's economic agenda, with the Republican president-elect vowing sweeping duties on allies and adversaries alike. In an opinion piece published earlier this month on Fox News, Bessent defended the potential use of tariffs as a means to raise revenue for the government, protect strategic US industries and negotiate with trading partners. He would be one of the first openly gay Cabinet officials if confirmed by the Senate, and the first at the helm of the Treasury Department. Jens Nordvig, chief executive of data and analytics firm Exante Data who has worked with Bessent, drew a contrast between his demeanor and that of other Trump supporters. While some Trump allies have a tendency towards "general sweeping statements," Bessent is an "analytical thinker, and he communicates accordingly," Nordvig told AFP. He counts Bessent among his early clients. "I would expect his messaging to be very focused, to get his key points across, without any unnecessary flamboyance or gusto," Nordvig added of the Wall Street veteran. Calling Bessent a "safe choice," Brookings senior fellow in economic studies David Wessel told AFP: "He will be an adult in the room for the Trump administration." Besides Bessent, others seen as top contenders for Treasury chief in recent days included former Federal Reserve governor Kevin Warsh, Apollo Global Management chief executive Marc Rowan, and Tennessee Senator Bill Hagerty. It remains to be seen if Bessent will be a big influence "moderating some of the administration's more aggressive trade policy" or simply be a spokesman, Wessel said. He does not have much experience in dealing with Congress either, and this would be important next year as the Trump administration works to raise the debt ceiling and effort a tax bill to deliver on his economic promises. Bessent would also have to grapple with the country's debt burden, with debt borrowed at much lower interest rates previously and Trump's plans estimated to add trillions over time. In an open letter published Saturday, Nordvig called for "thoughtful leadership" at the Treasury, saying a realistic approach to tax cuts and bond issuance was needed. He also sounded a hopeful note, saying Bessent would work to reduce extreme risks for markets. Krishna Guha, vice chairman of Evercore ISI, believes Bessent's nomination "will be well received by financial markets," given his deep understanding of markets and macro conditions. Guha also warned of the risk of bond yields spiking and "pushing up mortgage rates and tanking the housing market, while also causing stocks to sell off." In his past administration, Trump has viewed the stock market as a gauge of his success. bys/mdOne player who has been instrumental in Chelsea's attacking exploits is their talismanic forward, who has been in scintillating form throughout the season. His combination of speed, skill, and predatory instinct has made him a constant thorn in the side of opposition defenders, and his goalscoring exploits have propelled Chelsea to the top of the league standings.7 ph in urine
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By TOM KRISHER, Associated Press DETROIT (AP) — For a second time, a Delaware judge has nullified a pay package that Tesla had awarded its CEO, Elon Musk, that once was valued at $56 billion. On Monday, Chancellor Kathaleen St. Jude McCormick turned aside a request from Musk’s lawyers to reverse a ruling she announced in January that had thrown out the compensation plan. The judge ruled then that Musk effectively controlled Tesla’s board and had engineered the outsize pay package during sham negotiations . Lawyers for a Tesla shareholder who sued to block the pay package contended that shareholders who had voted for the 10-year plan in 2018 had been given misleading and incomplete information. In their defense, Tesla’s board members asserted that the shareholders who ratified the pay plan a second time in June had done so after receiving full disclosures, thereby curing all the problems the judge had cited in her January ruling. As a result, they argued, Musk deserved the pay package for having raised Tesla’s market value by billions of dollars. McCormick rejected that argument. In her 103-page opinion, she ruled that under Delaware law, Tesla’s lawyers had no grounds to reverse her January ruling “based on evidence they created after trial.” On Monday night, Tesla posted on X, the social media platform owned by Musk, that the company will appeal. The appeal would be filed with the Delaware Supreme Court, the only state appellate court Tesla can pursue. Experts say a ruling would likely come in less than a year. “The ruling, if not overturned, means that judges and plaintiffs’ lawyers run Delaware companies rather than their rightful owners — the shareholders,” Tesla argued. Later, on X, Musk unleashed a blistering attack on the judge, asserting that McCormick is “a radical far left activist cosplaying as a judge.” Legal authorities generally suggest that McCormick’s ruling was sound and followed the law. Charles Elson, founding director of the Weinberg Center for Corporate Governance at the University of Delaware, said that in his view, McCormick was right to rule that after Tesla lost its case in the original trial, it created improper new evidence by asking shareholders to ratify the pay package a second time. Had she allowed such a claim, he said, it would cause a major shift in Delaware’s laws against conflicts of interest given the unusually close relationship between Musk and Tesla’s board. “Delaware protects investors — that’s what she did,” said Elson, who has followed the court for more than three decades. “Just because you’re a ‘superstar CEO’ doesn’t put you in a separate category.” Elson said he thinks investors would be reluctant to put money into Delaware companies if there were exceptions to the law for “special people.” Elson said that in his opinion, the court is likely to uphold McCormick’s ruling. Experts say no. Rulings on state laws are normally left to state courts. Brian Dunn, program director for the Institute of Compensation Studies at Cornell University, said it’s been his experience that Tesla has no choice but to stay in the Delaware courts for this compensation package. The company could try to reconstitute the pay package and seek approval in Texas, where it may expect more friendlier judges. But Dunn, who has spent 40 years as an executive compensation consultant, said it’s likely that some other shareholder would challenge the award in Texas because it’s excessive compared with other CEOs’ pay plans. “If they just want to turn around and deliver him $56 billion, I can’t believe somebody wouldn’t want to litigate it,” Dunn said. “It’s an unconscionable amount of money.” Almost certainly. Tesla stock is trading at 15 times the exercise price of stock options in the current package in Delaware, Morgan Stanley analyst Adam Jonas wrote in a note to investors. Tesla’s share price has doubled in the past six months, Jonas wrote. At Monday’s closing stock price, the Musk package is now worth $101.4 billion, according to Equilar, an executive data firm. And Musk has asked for a subsequent pay package that would give him 25% of Tesla’s voting shares. Musk has said he is uncomfortable moving further into artificial intelligence with the company if he doesn’t have 25% control. He currently holds about 13% of Tesla’s outstanding shares.As fans, we can only marvel at the achievements of Messi and Ronaldo over the years and appreciate the immense talent and dedication that they have brought to the game. While their era may be coming to a close, the impact that they have had on football will forever be etched in history, ensuring that they remain legends of the sport for years to come.
In a surprise that stunned the audience of Hollywood’s first big awards-season bash, “A Different Man,” a dark comedy about doppelgängers, deformity and authenticity in acting, won best feature film at the 34th Gotham Awards on Monday night. Much can be unpredictable at the Gotham Awards, which uses small juries of insiders and film industry veterans to pick nominees and winners. But as the “A Different Man” ensemble, including Sebastian Stan and Adam Pearson, took the stage, writer-director Aaron Schimberg was obviously in disbelief. “I don’t think I’m not the only person in this room who's totally stunned," said Schimberg. “Considering the other nominees, I thought it would be hubris to prepare a speech." At a starry Gothams that drew Zendaya, Timothée Chalamet and Angelina Jolie, most were expecting triumph for Sean Baker’s “Anora,” a comedy about a sex worker who marries the son of a Russian oligarch. It came in the lead nominee, the Cannes Palme d’Or winner, and maybe top best-picture contender at the Oscars, but went home emptyhanded. Instead, the night belonged to the A24 release “A Different Man,” which stars Stan as a man with facial deformities who's healed of them. He's then upstaged by the character played by Pearson, who genuinely has neurofibromatosis, a condition that covers much of his face with benign skin tumors. The Gothams aren’t an Oscar bellwether, though several of its recent top winners – including last year's winner “Past Lives,” as well as “Everything Everywhere All at Once” and “Nomadland” – have gone on to be nominated for best picture, with “Everything Everywhere” and “Nomadland” winning. Whether any of the winners Monday night — “Sing Sing” and “Nickel Boys” were also victorious — will use the early wins as a springboard for more trophies remains to be seen. But the Gothams, a black-tie affair held at Cipriani Wall Street in downtown Manhattan, tend give some sense of the flavor of the upcoming gauntlet of award-season ceremonies. How prominent politics, and the upcoming inauguration of President-elect Donald Trump, might be in this year’s Oscar race is one of the biggest questions as the season ramps up. On Monday, Trump's name was never uttered on stage, nor were there any overtly political statements. But several winner seemed to allude to the shifting political climate. “Let's keep doing the work that really matters and makes a difference,” said Colman Domingo, who won best lead performance. “That's what we can do right now. That can be the light in the darkness.” Domingo won for his starring role in “Sing Sing,” the indie drama about a real prison program called Rehabilitation Through the Arts, which helps incarcerated people heal through theater productions. Clarence Maclin, one of the formerly incarcerated men who co-star in the film, won best supporting performance. (The Gothams give gender-neutral acting awards that number 10 nominees instead of the typical five.) “If someone was going to tell me ten years ago, I was going to be here, I wouldn’t have believed it,” said Maclin. “Sing Sing,” also from A24, was arguably the emotional winner of the night. The film's ensembled also accepted a tribute award. In one of the evening's most powerful speeches Sean Dino Johnson, a founding member of RTA, spoke passionately about the redemptive qualities of the arts. “Standing here tonight we are proof that movies like ‘Sing Sing’ don’t just entertain,” said Johnson. “They change lives.” RaMell Ross' “Nickel Boys," his arrestingly photographed Colson Whitehead adaptation, also won two major awards: best diretor for Ross and breakthrough performer for Brandon Wilson. Ross’ film, about two Black teenagers at an abusive juvenile reform school in Jim Crow-era Florida, is filmed largely from the first-person perspective of its two main characters. For many, the Gothams are a chance to make an impression with a speech that helps solidify their awards chances. To that cause, the Gothams gave out an array of tribute awards. This year’s crop was particularly starry, including Zendaya (for “Challengers”), Jolie (for “Maria”), Chalamet and James Mangold (for “A Complete Unknown”), Denis Villeneuve (for “Dune: Part Two”), and Franklin Leonard, founder of the fabled unproduced screenplay platform The Black List. Jolie, who plays the opera singer Maria Callas in “Maria,” also spoke about the importance of the arts. “It’s so important that art be taught in our schools, and so concerning that is being reduced,” Jolie said. Zendaya, honored for her performance in Luca Guadagnino's “Challengers,” took a moment to thank her date. “My mom's here tonight," she said. “Shout out mom.” Chalamet read a short speech about his transformation into Bob Dylan for the upcoming “A Complete Unknown.” “Getting to study and immerse myself in the world of Bob Dylan has been the greatest education a young artist can receive," Chalamet said. "If you're already a fan of Bob Dylan, this will make perfect sense to you. If you're not familiar with his work, perhaps our film can serve as a humble gateway to one of the great poets and chroniclers of our times.” Best documentary went to “No Other Land,” a film made by a Palestinian and Israeli filmmaker collective that documents Israeli occupation of a Palestinian village in West Bank over the course of years. Despite being one of the year’s most acclaimed documentaries, “No Other Land” remains without an American distributor. Payal Kapadia’s “All We Imagine as Light,” a poetic drama about three women in modern Mumbai, took the award for best international film. Though the film was the first Indian movie in competition at the Cannes Film Festival this year, India opted not to select it for its Oscar submission. The award for breakthrough director went to Vera Drew for “The People's Joker,” a superhero parody about gender identity. Drew thanked Warner Bros. “for not suing me” and Nicole Kidman, an attendee, because, Drew said, “'Batman Forever' is when I realized I was trans.”One of the key factors contributing to TSMC's success is its ability to attract and retain top-tier clients who seek the most advanced and reliable semiconductor solutions. With a growing roster of prestigious partners and a reputation for delivering unparalleled quality and performance, TSMC has become the go-to choice for companies looking to push the boundaries of what is possible in the semiconductor industry.However, the N-Dubz star has since left the jungle following a public vote but viewers of the show are shocked at her actions since. Before heading into the Australian jungle, celebrities often share pictures of themselves in their camp uniforms and the ITV show also shares videos and images of them while they’re in there which they share to their own personal accounts. However, viewers noticed the lack of Instagram posts about Tulisa’s time in the jungle following her exit. A post shared by I'm a Celebrity... (@imacelebrity) Taking to X, formerly Twitter, fans of the show noticed the singer has deleted her posts about the ITV show and her involvement. After leaving the show, Tulisa would’ve been given her phone back so it’s likely she deleted the posts herself. One viewer said: “Why has Tulisa deleted everything from her socials in relation to #ImACeleb”. 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Loose Women star Jane Moore was the first to leave while Dean McCullough, a BBC Radio 1 presenter, was the second to be reunited with loved ones. Recommended reading: N-Dubz star Tulisa was the third to leave the jungle and said: “It is tough in there, leaving is still a happy thing.” Speaking about her I'm A Celebrity experience, she added: “I just think you're more grateful for everything, the food you eat, being around the people you love, the home comforts, just makes you very appreciative of life.” Tonight (December 3), another celebrity will leave the jungle. I’m A Celebrity... Get Me Out Of Here! continues nightly at 9pm on ITV1, STV and ITVX.
Trump team signs agreement to allow Justice to conduct background checks on nominees, staff
Radu, also known as "Şkëndërbeu" among fans, has been a rising star in the world of goalkeeping ever since he joined Inter in 2015. Despite being just 24 years old, the Romanian shot-stopper has already shown immense talent and potential, leading many to believe that he could be the long-term successor to Handanović.2. Curbing Speculation: To prevent speculative activities that can lead to excessive price fluctuations, the government will implement stricter regulations on property transactions. Measures such as limits on multiple property purchases and increased oversight of real estate transactions aim to deter speculative behavior and promote a more stable market environment.Interpreting the December Political Bureau Meeting: Policy Turning Point Confirmed to Boost the EconomyPANDEF rejects ACF claim, says only Niger Delta endures marginalisation
As a leading global electronics and appliances manufacturer, Hisense has a strong track record of innovation, quality, and customer satisfaction. The company's products are renowned for their cutting-edge technology and reliability, earning the trust and loyalty of consumers worldwide. Hisense has consistently invested in research and development, manufacturing capabilities, and talent development to maintain its competitive edge in a rapidly evolving market.
The drop in temperatures brought by the cold front also presents an opportunity for outdoor activities and gatherings that would have been unbearable in the sweltering summer heat. People across Southern China can enjoy spending time outside without the discomfort of excessive heat, allowing for a more pleasant and enjoyable experience.
Watch Out. America’s Left and Right Extremes Are Coming TogetherThe lack of a prolific left winger has been a noticeable issue for Arsenal this season, with the team often struggling to break down opposition defenses and create clear-cut chances from the left side of the pitch. The absence of a dynamic and creative force on the left has hampered Arsenal's attacking output and left them overly reliant on their right-sided players for goals and assists.
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