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X i Jinping and Donald Trump's bromance could be rekindled in 2025 if both sides play their cards right. This is positive and would help create the right environment for an improvement in ties between the two superpowers, but timing and tone are everything. The economic rivals will need to give and take to prevent the relationship from getting worse. It was a smart move by the U.S. president-elect to invite Xi to his inauguration in January (the Chinese leader reportedly turned it down), but future attempts need to be more than just empty gestures to make a real difference. A face-to-face meeting, sooner rather than later, is essential to set the tone of the bilateral relationship over the next four years. The alternative is continued misunderstanding, which in the worst-case scenario could lead to actual confl ict. During Trump's first term, he regularly talked up his warm ties with Xi, going so far as to say the two leaders "love each other." Still, that didn't stop the thenU.S. president from imposing harsh trade tariffs on Beijing, the start of a prominent shift in U.S.-China relations that solidified during the Biden administration. People are also reading... Next year looks to be another challenging one for Xi. China is facing a continued loss of investor confidence, a deepening real estate crisis, ballooning local government debt, a volatile stock market, defl ationary pressures and increasing popular discontent. Improving relations with the U.S. could go a long way toward lifting sentiment at home. To do that, Xi will have to find some common ground with Trump. That won't be easy. During his campaign, Trump fl oated revoking Beijing's most-favored-nation status. He also said he would slap tariffs of as much as 60% on all imports from China. Bloomberg Economics says this would manifest itself in three waves of tariff hikes, starting in summer 2025, with levies on China ultimately tripling by the end of 2026. Further analysis indicates China could say goodbye to 83% of its sales to the U.S., a huge pressure on exports, which are already suffering. A Trump presidency is forcing China to change economic policy. Last week's annual economic work conference made "boosting consumption" China's top priority, with measures such as increasing government-sponsored pension and medical-insurance payments. Trump is using tariffs as leverage. He has a potential Cabinet lined up with China hawks who could revive hardline trade policies. The Chinese leader is well aware of the impending threats. So after Trump's election, he reached out with a congratulatory message stating that "both China and the United States stand to gain from cooperation and lose from confrontation." But this relationship has to work on Beijing's terms, too. Xi's boundaries are clear. He emphasized last month the "four red lines" Washington should not cross: Taiwan, democracy and human rights, the Chinese political system and Beijing's right to development. The declaration was a warning to the Trump administration that breaching them could further heighten tensions. Some form of formal communication channels should be established before any further tariffs are imposed by Washington, to prevent a cycle of retaliation from Beijing. If that doesn't happen, it will take months or even longer to get both sides back to the negotiating table. The countries came together by signing an agreement extending scientific cooperation for another five years. It allows for science and tech cooperation but minimizes the risk to national security, and it keeps the development of critical and emerging technologies off -limits to Beijing. On China's side, rebuilding relations will depend on its perception of Trump's national-security team and whether back channels can aid future negotiations. The new Washington administration could adopt a more transactional approach that could leave Taiwan's security as a bargaining chip. China's recent naval exercises around the Taiwan Strait were among Beijing's largest in 30 years, according to Taiwanese off cials, a reminder that China sees the self-ruled island as its own and it wants the U.S. to stay out of its way. The most we can hope for is a renewed cordiality between Trump and Xi. The nature of the U.S.-China relationship will be defined by strategic competition. Preventing further deterioration is crucial. Vaswani is a Bloomberg columnist and former lead Asia presenter for the BBC. Be the first to know Get local news delivered to your inbox!
Biden pardons Chinese spies convicted of stealing US tech secretsTampa Bay Buccaneers offensive coordinator Liam Coen has been a revelation this year. Coen, in his first year with the team, has done yeoman's work in turning one of the worst running teams in the NFL for years into one of the best in the league in 2024. How well has he done? He's managed to get the Bucs into the top 10 in the league in both rushing and passing offense. That's never been done before in Tampa Bay since the stats became trackable, per FOX Sports' Greg Auman. One thing Liam Coen has brought to the Bucs offense is a rare balance -- Tampa Bay is 10th in rushing yards per game, 10th in passing yards per game. NFL has rankings going back to 1990, and Bucs have never finished in the top 10 in both in same year in that range (likely never). Naturally - and unfortunately for Tampa Bay fans - that's meant Coen has gotten some rumblings throughout the year about being a potential head coaching candidate in the offseason. That didn't stop in the Wednesday column from NFL Network insider Tom Pelissero, who included Coen among his list of coaches who could be getting head coaching looks soon. Pelissero had the following to say about Coen: A former UMass quarterback who still holds school passing records, Coen spent a season in the arena league before going into coaching, where his résumé in recent years has been unique. He had two stints each with the Rams (2018-20, 2022) and the University of Kentucky (2021, 2023) before replacing Panthers head coach Dave Canales as Tampa Bay's OC this past offseason. The Buccaneers' offense has improved statistically, ranking fifth in scoring (27.9 points per game) despite Tampa's ongoing four-game losing streak amidst injuries to its top receivers. Coen has the demeanor and personality for a head job. He may get a look. It's not just the fact that the team has been productive on the field - and they obviously have been. It's been how he's managed to keep dialing up plays and concepts despite losing both of his top wide receivers. Some coordinators might have been satisfied to jam his offense down the throats of whatever reserve players might be stepping in, and that approach sometimes doesn't work. Simply put, some guys can't do what others can, and that's especially the case with stars like Mike Evans and Chris Godwin. However, the Bucs have strong talent elsewhere, particularly with budding star tight end Cade Otton and a room full of talented running backs. The calls made to get them involved in the passing game the last few weeks have been nothing short of genius. They've been effective to keep the offense going and scoring enough points to win some games that the Bucs have lost because of issues on the other side of the ball. Depending on how the 2024 season plays out, the Bucs could have a whale of a decision on their hands. Todd Bowles now has a losing record as a head coach with the Bucs despite the team winning the division the last two years. Coen will likely attract significant interest around the league. The Glazer family and general manager Jason Licht will have to decide if they have had enough of the status quo, or if they're ready to try to hand the reins to their franchise over to an innovative coach on the rise and keep him from leaving the building. This article first appeared on A to Z Sports and was syndicated with permission.If you’re sitting on a pile of travel or credit card rewards with no immediate travel plans, donating them to a charity is an easy way to have a positive impact. And it's a popular way to give: In 2021, Alaska Airlines Mileage Plan members donated around 94 million miles to charities at an approximate cash value of $2.6 million, according to the airline. Beyond the social benefits, miles donations also qualify as activity on your loyalty account and can prevent the rest of your rewards from expiring . Javascript is required for you to be able to read premium content. Please enable it in your browser settings.
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Rarely does a college basketball game provide such stark contrast between the sport's haves and have-nots as when Jackson State faces No. 9 Kentucky on Friday in Lexington, Ky. While Kentucky claims eight NCAA Tournament crowns and the most wins in college basketball history, Jackson State has never won an NCAA Tournament game and enters the matchup looking for its first win of the season. Impressive tradition and current record aside, Kentucky (4-0) returned no scholarship players from last season's team that was knocked off by Oakland in the NCAA Tournament. New coach Mark Pope and his essentially all-new Wildcats are off to a promising start. Through four games, Kentucky is averaging 94.3 points per game, and with 11.5 3-pointers made per game, the team is on pace to set a school record from long distance. The Wildcats boast six double-figure scorers with transfer guards Otega Oweh (from Oklahoma, 15.0 ppg) and Koby Brea (from Dayton, 14.5 ppg) leading the team. The Wildcats defeated Duke 77-72 on Nov. 12 but showed few signs of an emotional letdown in Tuesday's 97-68 win over a Lipscomb team picked to win the Atlantic Sun Conference in the preseason. Kentucky drained a dozen 3-pointers while outrebounding their visitors 43-28. Guard Jaxson Robinson, held to a single point by Duke, dropped 20 points to lead the Kentucky attack. Afterward, Pope praised his team's focus, saying, "The last game was over and it was kind of on to, ‘How do we get better?' That's the only thing we talk about." Lipscomb coach Lennie Acuff also delivered a ringing endorsement, calling Kentucky "the best offensive Power Four team we've played in my six years at Lipscomb." Jackson State (0-5) and third-year coach Mo Williams are looking for something positive to build upon. Not only are the Tigers winless, but they have lost each game by nine or more points. Sophomore guard Jayme Mitchell Jr. (13.8 ppg) is the leading scorer, but the team shoots just 35.8 percent while allowing opponents to shoot 52.3 percent. The Tigers played on Wednesday at Western Kentucky, where they lost 79-62. Reserve Tamarion Hoover had a breakout game with 18 points to lead Jackson State, but the host Hilltoppers canned 14 3-point shots and outrebounded the Tigers 42-35 to grab the win. Earlier, Williams, who played against Kentucky while a student at Alabama, admitted the difficulties of a challenging nonconference schedule for his team. "Our goal is not to win 13 nonconference games," Williams said. "We're already at a disadvantage in that regard. We use these games to get us ready for conference play and for March Madness." Jackson State has not made the NCAA Tournament since 2007. The Tigers had a perfect regular-season record (11-0) in the Southwestern Athletic Conference in 2020-21 but lost in the league tournament. Kentucky has never played Jackson State before, but the game is being billed as part of a Unity Series of matchups in which Kentucky hosts members of the SWAC to raise awareness of Historical Black Colleges and Universities and provide funds for those schools. Past Unity Series opponents have been Southern in December 2021 and Florida A&M in December 2022. --Field Level MediaMiddle East latest: Syrians celebrate Assad's fall as US seeks a peaceful political transition
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Mascherano re-unites with Messi as new coach of Inter MiamiHallmark continues to expand on their slate of Hanukkah films with their latest new addition, Hanukkah on the Rocks . This romantic-comedy stars Degrassi ‘s Stacey Farber and The Secret Life of The American Teenager ‘s Daren Kagasoff as two adults feeling lost in life just a week before Hanukkah. Luckily, they both end up finding some solace and purpose in a Chicago bar called Rocky’s, as well as its staff, patrons, and Hanukkah celebrations. But even as the holiday brings the two closer, they ‘ re unsure of the road ahead as the futures they’d planned clash with the new ones they inspire each other to chase. HANUKKAH ON THE ROCKS : STREAM IT OR SKIP IT? The Gist: Tory (Stacey Farber) is a driven workaholic who has always been fully committed to her job as a corporate lawyer in Chicago. But when she’s the casualty of a mass layoff, she’s left feeling both unsure and free for the first time since she began her job. Although Tory’s main, and seemingly only, social engagement is her grandma, Francis, AKA Bubby (Marina Stephenson Kerr), she resolves to keep her new unemployed status a secret from both her Bubby and parents who sacrificed so much to help her achieve her dreams. Tory only confides in her sister, Becca (Cora Matheson), who she’s finally able to spend more time with now that her demanding job isn’t weighing her down. With all of this free time on her hands, Tory is also able to spend more time with her Bubby, who soon sends her on a mission to purchase a specific brand of Hanukkah candles. But when just one store seems to have them in stock, she ends up squabbling with a Florida-based radiologist named Jay (Daren Kagasoff) over the last box. Jay ends up victorious, and she ends up following him to Rocky’s, an Old Town neighborhood dive bar with amazing annual Hanukkah celebrations and an even better cast of characters to welcome her in. In addition to Jay’s grandfather, a lovable longtime Rocky’s patron named Sam ( Double Dare ‘s own Marc Summers!!), there’s also the cook, Lottie (Lauren Cochrane), server Stacy-Lynn (Verity Marks), and aspiring novelist Anthony (Dan De Jaeger). Together, they form a warm community that welcomes Tory with open arms, especially after their bartender suddenly leaves for a romantic last-minute getaway to Cabo, leaving Tory to unexpectedly step in. Drawing on her stint as a bartender in college, as well as her innate love for helping others, Tory ends up being so good as the job that the folks at Rocky’s keep having her back throughout all of Hanukkah. At the same time, Jay, who only came to Chicago to convince Sam to move down to Florida with him and his parents, begins to see that maybe he’s the one who needs to consider moving... Especially as he and Tory start seriously falling for one another. Is there a way for Tory and Jay to make their budding romance work when they still have so many uncertainties in each of their own lives? And does Rocky’s (and its mysterious owner) hold the key to help them unlock the place they’re truly meant to be? What Movies Will It Remind You Of?: Hanukkah on the Rocks might remind you of the 2022 Hallmark Hanukkah movie, Hanukkah on Rye , and not just because of their similar titles. Julie Sherman Wolfe actually wrote both films, which each showcase Jewish holiday foods and traditions in their own way. The warm neighborhood pub vibe may also remind you of the beloved sitcom Cheers , especially considering both titles feature a bar owner named Sam. Performance Worth Watching: Lauren Cochrane is very natural and brings a great energy as Lottie. She’s a bit of a scene stealer thanks to her effortless charm and humor. Marina Stephenson Kerr is also pretty lovable and delightfully sassy as Bubby/Francis. Memorable Dialogue: Jay, while donning a gaudy pair of Hanukkah glasses at the Party Store: “I think these sunglasses were designed by Elton John Berkowitz.” Honorable mentions for Bubby’s lines “At least my granddaughter has a job!” and “I’m no snitch.” Now that’s the kind of person you want to have in your corner! A Holiday Tradition: Every year, Sam’s late wife, Celia, would throw incredible Hanukkah celebrations at her favorite bar, Rocky’s, a tradition he still attempts to keep alive even after she’s gone. Does the Title Make Any Sense?: Hanukkah on the Rocks absolutely makes sense. Not only does the story mostly revolve around a bar called Rocky’s, but Tory also creates a seasonal cocktail that’s dubbed a “Hanukkah on the Rocks” which also becomes the business’s new temporary name, so yeah, the title is pretty fitting! Our Take: Although it has been trying to diversify its filmography slowly but surely over the past few years, Hallmark still doesn’t have many Hanukkah movies. With that in mind, I think that the mere existence of this movie is a win for representation, and the writing also shows that care, research, and personal experience went into the portrayal of this Hanukkah story. Especially coming to this movie as someone who was raised Christian, there are plenty of things that may have felt unfamiliar, but that didn’t mean that as a viewer, I cared about them any less. After all, at the heart of Hanukkah on the Rocks is a story about community, tradition, and family, things that anyone can relate to. You don’t have to be Jewish to enjoy watching the festivities because both the characters at Rocky’s and the movie itself welcome everyone in with open arms. That being said, there are some critiques and gripes that I think viewers of any religion or creed could likely agree upon. First of all, it’s a bit ridiculous to suggest that there would be only one box of a specific Hanukkah candle in a city as big and diverse as Chicago, but hey, that’s just Hallmark movies for you, so we can give it a pass. However, a major part of any Hallmark movie tends to be the romance, and the one here between Tory and Jay was just okay. They had some genuinely enjoyable moments of interaction and chemistry, but these were weighed down by some especially cheesy moments and the somewhat two-dimensional nature of the characters, themselves. You’re telling me that Tory has lived in Chicago her entire life and has zero friends besides her Bubby? I know she’s a workaholic but that seems impossible! But I guess if she didn’t have time for her sister and nephew, she really didn’t have time for any friends, which is a bummer. Really, I just wish the characters were a little more fleshed out so they could feel a bit more real and therefore easier to invest in and connect to. Ultimately, the ensemble nature of this movie as well as the focus on celebrating Jewish culture and traditions help to make it feel worth watching for viewers of all backgrounds. I’m glad to see Hallmark go for something outside of their usual Christmas story, and I hope that they will continue to do so in the years ahead! Our Call: I wouldn’t say that Hanukkah on the Rocks is the most memorable or moving new holiday title streaming this year. Still, we can always use a new Hanukkah movie, especially one with as much genuine care for the traditions and spirit as this one seems to have. It’s just a nice and easy seasonal watch. STREAM IT for Bubby!
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SYDNEY, Nov 27 (Reuters) - An Australian Senate committee has backed a bill that would ban social media for children under 16 but said social media platforms should not force users to submit personal data such as passport and other digital identification to prove their age. Australia plans to trial an age-verification system that may include biometrics or government identification to enforce a social media age cut-off, some of the toughest controls imposed by any country to date. Prime Minister Anthony Albanese's centre-left Labor government is rushing to pass the bill, largely supported by the opposition Liberal party, by the end of the parliamentary year on Thursday. In its report published late on Tuesday, the Senate's environment and communications legislation committee said social media platforms "must set out alternative methods for assuring age as reasonable steps with consideration given to the age assurance trial." A progress report on the age assurance trial must be submitted by the communications minister to the parliament by Sept. 30, 2025, the committee said as it urged the government to "meaningfully engage" with youth when framing the law. "Young people, and in particular diverse cohorts, must be at the centre of the conversation as an age restriction is implemented to ensure there are constructive pathways for connection," committee Chair Senator Karen Grogan said. Some independent lawmakers have criticised the government for trying to pass the legislation in a week. The bill was introduced last Thursday, submissions on it closed on Friday, and a brief hearing was held on Monday. In separate submissions, Google (GOOGL.O) , opens new tab and Facebook-owner Meta Platforms (META.O) , opens new tab said the social media ban should be delayed until the age-verification trial finishes. Bytedance's TikTok said the bill needed more consultation, while Elon Musk's X said the proposed law might hurt children's human rights. The planned law would force social media platforms to take reasonable steps to ensure age-verification protections are in place. Companies could be fined up to A$49.5 million ($32 million) for systemic breaches. ($1 = 1.5451 Australian dollars) Sign up here. Reporting by Renju Jose in Sydney; Editing by Sonali Paul Our Standards: The Thomson Reuters Trust Principles. , opens new tab
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If you’re sitting on a pile of travel or credit card rewards with no immediate travel plans, donating them to a charity is an easy way to have a positive impact. And it's a popular way to give: In 2021, Alaska Airlines Mileage Plan members donated around 94 million miles to charities at an approximate cash value of $2.6 million, according to the airline. Beyond the social benefits, miles donations also qualify as activity on your loyalty account and can prevent the rest of your rewards from expiring . But if you’re in the habit of maximizing points and miles, you might also want to stretch the value of your charitable donations as far as possible. And by that measure, some methods of donating points and miles fall short. Here’s what to consider before donating your miles and points . Many loyalty programs make it easy to redeem your points and miles for a donation directly through their rewards portals. But some portals — especially those from airline and hotel programs — don’t publish the cash value a charity will receive for your miles or points. That means the charity may receive less value for your donation than you’d think, while also making it hard to compare the value of a donation with the value of other options for redeeming your points. Best Western Rewards is one of the few loyalty programs that publishes a cash value for charitable points donations. The charity will receive $2 for every 500 points you donate, for a point a value of 0.4 cent each. NerdWallet values Best Western points at 0.6 cent apiece, so you would receive 33% less value for your donation relative to using them for a hotel stay. Generally, the Internal Revenue Service (IRS) doesn’t count points and miles as a source of income, so if you donate them, you can't deduct the cash value of your gift. This lack of favorable tax treatment for the consumer combined with the uncertain value you’ll often receive for miles and points donations should have you at least consider other avenues for your philanthropic endeavors. Keep in mind that this drawback only matters for taxpayers who itemize deductions on their income tax returns. If you're like most people and take the standard deduction instead of itemizing, you wouldn't be able to get a charitable tax deduction from any donation. Some rewards programs have a minimum donation amount for select charities. For example, you’d have to donate at least 2,000 Southwest Rapid Rewards points for a donation to the Make-A-Wish Foundation. That minimum amount makes it tougher to donate points that may be collecting dust in your loyalty account. To maximize the value of your donation, consider a charity that books travel directly with your miles or points rather than donating directly through your loyalty program's portal. For example, Miles4Migrants uses donated airline miles and credit card points to directly book award travel for refugees and asylum seekers. “Instead of maximizing points and miles to book a dream trip, we do it to help refugees reach safe new beginnings,” said Patrick Stouffer, partnerships manager at Miles4Migrants, in an email. Miles4Migrants has redeemed over 775 million donated miles in pursuit of their mission, with a cash value of over $17 million. That expertise allows them to get more value out of every donation. “Our team has the specialized knowledge necessary to stretch the value of every point or mile, ensuring donations go as far as possible,” Stouffer said. “Even if you aren’t able to reap any tax advantages of donating your points, at least you’ll know they made the largest possible impact.” Direct cash donations help avoid the downsides of donating miles and points. If you have a credit card that earns cash back , or if you earn cash rewards through a shopping portal like TopCashBack or Rakuten , consider cashing out and donating those rewards instead of your miles and points. With a cash donation, you’ll know the exact value a charity will receive from your donation and likely qualify for a potential itemized deduction on your taxes. Some rewards programs make this process simple and transparent. Travel rewards programs sometimes incentivize charitable giving by offering bonus points for your cash donations. For example, American Airlines offers 10 AAdvantage miles for every dollar members contribute to the charity Stand Up To Cancer. That extra incentive can be an individual boon for your charitable donation. Just be aware that any points or miles you receive from such promotions will reduce the tax deductibility of your contribution. American Airlines values those bonus miles you receive through donations at 3 cents each. So if you donate $100 and receive 1,000 AAdvantage miles, American values those miles at $30. You’ll receive a tax form declaring those rewards as $30 in income, giving you a qualifying tax deduction of $70. When you donate cash and receive bonus points, the charity still receives your full donation and you get a slug of points. While you'll have to pay taxes on those points, it can still be a big win for your future travel plans. More From NerdWallet Craig Joseph writes for NerdWallet. Email: cjoseph@nerdwallet.com . The article Should You Donate Your Points and Miles to Charity? originally appeared on NerdWallet.
While the TSX index is hovering near record highs, ( ) is a Canadian stock that has grossly underperformed the broader markets. Down close to 80% in 2024, the has fallen 98% since its initial public offering in May 2021. Currently valued at a of $105 million, Lion Electric designs, develops, manufactures, and distributes all-electric medium and heavy-duty urban vehicles in North America. Its product portfolio includes battery systems, bus bodies, and truck cabins. Let’s see why Lion Electric stock is struggling to win investor confidence and if it can stage a comeback in the next 12 months. Lion Electric recently published its third-quarter (Q3) results, which disappointed investors. While the long-term electric vehicle transition story remains intact, Lion Electric reported a 62% year-over-year decline in Q3. Its revenue fell to $30.6 million while reporting a net loss of $33.9 million. Moreover, vehicle deliveries totalled 89 units in Q3, down from 245 vehicles in the year-ago period. What’s a matter of concern for investors is that the company ended Q3 with $27 million in total liquidity, which suggests it will soon need to raise additional capital to support its cash-burn rate. In the September quarter, Lion Electric reduced inventory by $15 million while implementing initiatives to reduce costs by $65 million annually. However, the company included a “going concern” warning in its quarterly report, emphasizing the need to secure additional funding and restructure debt covenants as soon as possible. Lion Electric is like a homeowner who needs to refinance the mortgage and secure a new line of credit, all amid a falling revenue base. These struggles highlight a crucial reality impacting several companies in the electric vehicle segment. It’s evident that having great technology and strong demand is not enough to fund operations through the growth phase. Automobile manufacturing is capital-intensive, and companies must significantly expand production capabilities to benefit from economies of scale. Lion Electric ended Q3 with an order book of 1,590 vehicles valued at $420 million. Comparatively, the company is forecast to end 2024 with revenue of $148 million, down from $253 million in 2023. Lion Electric claimed it is seeing strong vehicle interest through government initiatives such as the U.S. EPA (Environmental Protection Agency) program, which has translated to 275 orders. At the same time, Lion Electric’s long-term opportunity remains appealing as it is part of a growing market with strong regulatory tailwinds. Alternatively, current financial risks make LEV stock a highly speculative investment. Lion Electric represents both the promise and the peril of investing in the EV transition. While it has a proven technology and notable customer interest, ongoing financial challenges highlight the risks of scaling up manufacturing operations in a capital-intensive industry. For risk-tolerant investors who believe in the long-term electrification of commercial vehicles, Lion Electric might be worth watching, especially if it can shore up profit margins over the next 12 months. LEV stock trades at a discount of 50%, given consensus price target estimates. While analysts expect the TSX stock to rebound in 2025, I would recommend a more cautious approach and wait until the company showcases an ability to improve the bottom line.Your Y2K heartthrobs are back, and nobody’s objecting
