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Despite Mary Lou McDonald’s confidence around shaping a coalition without Fine Gael and Fianna Fail – the two parties that have dominated the landscape of Irish politics for a century – the pathway to government for Sinn Fein still appears challenging. With counting following Friday’s election still in the relatively early stages – after an exit poll that showed the main three parties effectively neck-and-neck – there is some way to go before the final picture emerges and the options for government formation crystalise. Taoiseach and Fine Gael leader, Simon Harris, has dismissed talk of a Sinn Fein surge and said he was “cautiously optimistic” about where his party will stand after all the votes are counted. Meanwhile, Ireland’s deputy premier and Fianna Fail leader, Micheal Martin, insisted his party has a “very clear route back to government” as he predicted seat gains. The counting process could last days because of Ireland’s complex system of proportional representation with a single transferable vote (PR-STV), where candidates are ranked by preference. The early indications have turned the focus to the tricky arithmetic of government formation, as the country’s several smaller parties and many independents potentially jockey for a place in government. Ms McDonald told reporters at the RDS count centre in Dublin that she would be “very, very actively pursuing” the potential to form a government with other parties on the left of the political spectrum. The smaller, left-leaning parties in Ireland include the Social Democrats, the Irish Labour Party, the Green Party and People Before Profit-Solidarity. Ms McDonald said her party had delivered an “incredible performance” in the election. “I think it’s fair to say that we have now confirmed that we have broken the political mould here in this state,” she said. “Two party politics is now gone. It’s consigned to the dustbin of history and that, in itself, is very significant.” She added: “I am looking to bring about a government of change, and I’m going to go and look at all formulations. “If you want my bottom line, the idea of Fianna Fail and Fine Gael for another five years, in our strong opinion, is not a good outcome for Irish society. “Obviously, I want to talk to other parties of the left and those that we share very significant policy objectives with. So I’m going to do that first and just hear their mind, hear their thinking. But be very clear, we will be very, very actively pursuing entrance into government.” In Friday night’s exit poll, Sinn Fein was predicted to take 21.1% of first-preference votes, narrowly ahead of outgoing coalition partners Fine Gael and Fianna Fail at 21% and 19.5% respectively. Prior to the election, Fianna Fail and Fine Gael both ruled out entering government with Sinn Fein. Fine Gael leader Mr Harris rejected suggestions Sinn Fein had broken new ground. He told reporters in his count centre in Greystones, Co Wicklow: “Certainly we haven’t seen a Sinn Fein surge or anything like it. “I mean, it looks likely, on the figures that we’ve seen now, fewer people, many fewer people would have voted Sinn Fein in this election than the last one. “In fact, I think they’re down by around 5% and actually the parties, particularly the two parties, the two larger parties in government, are likely to receive significant support from the electorate. So definitely, politics in Ireland has gotten much more fragmented.” He said it was too early to tell what the next government would look like. “I think anybody who makes any suggestion about who is going to be the largest party or the construct of the next government, they’re a braver person than I am,” he said. “Our electoral system dictates that there’ll be many, many transfers that will go on for hours, if not days, before we know the final computations at all. “But what I am very confident about is that my party will have a very significant role to play in the years ahead, and I’m cautiously optimistic and excited.” Fianna Fail’s Mr Martin told reporters at a count centre in Cork he was confident that the numbers exist to form a government with parties that shared his political viewpoint. Mr Martin said it “remains to be seen” whether he would return to the role of Taoiseach – a position he held between 2020 and 2022 – but he expressed confidence his party would outperform the exit poll prediction. “It’s a bit too early yet to call the exact type of government that will be formed or the composition of the next government,” he said. “But I think there are, there will be a sufficiency of seats, it seems to me, that aligns with the core principles that I articulated at the outset of this campaign and throughout the campaign, around the pro-enterprise economy, around a positively pro-European position, a government that will strongly push for home ownership and around parties that are transparently democratic in how they conduct their affairs.” Asked if it would be in a coalition with Fianna Fail, Fine Gael and the Social Democrats, he said that would be “racing a bit too far ahead”. The final result may dictate that if Fianna Fail and Fine Gael are to return to government, they may need more than one junior partner, or potentially the buy-in of several independent TDs. Mr Martin said it was unclear how quickly a government can be formed, as he predicted his party would gain new seats. “It will be challenging. This is not easy,” he added. The junior partner in the outgoing government – the Green Party – looks set for a bruising set of results. Green leader Roderic O’Gorman is in a fight to hold onto his seat, as are a number of party colleagues, including Media Minister Catherine Martin. “It’s clear the Green Party has not had a good day,” he said. The early counting also suggested potential trouble for Fianna Fail in Wicklow, where the party’s only candidate in the constituency, Health Minister Stephen Donnelly, is considered to have a battle ahead, with the risk of losing his seat. Meanwhile, there is significant focus on independent candidate Gerard Hutch who, on Saturday evening, was sitting in fourth place in the four-seat constituency of Dublin Central. Last spring, Mr Hutch was found not guilty by the non-jury Special Criminal Court of the murder of David Byrne, in one of the first deadly attacks of the Hutch-Kinahan gangland feud. Mr Byrne, 33, died after being shot six times at a crowded boxing weigh-in event at the Regency Hotel in February 2016. A Special Criminal Court judge described Mr Hutch, 61, as the patriarchal figurehead of the Hutch criminal organisation and said he had engaged in “serious criminal conduct”. The constituency will be closely watched as other hopefuls wait to see if transfers from eliminated candidates may eventually rule him out of contention. In the constituency of Louth, the much-criticised selection of John McGahon appeared not to have paid off for Fine Gael. The party’s campaign was beset by questioning over footage entering the public domain of the candidate engaged in a fight outside a pub in 2018. The Social Democrats have a strong chance of emerging as the largest of the smaller parties. The party’s leader, Holly Cairns, was already celebrating before a single vote was counted however, having announced the birth of her baby girl on polling day.NEW YORK (AP) — U.S. stock indexes fell Thursday following some potentially on . The S&P 500 slipped 0.5% for its fourth loss in the last six days. It’s a pause for the index, which has been rallying toward one of its . The Dow Jones Industrial Average lost 234 points, or 0.5%, and the Nasdaq composite sank 0.7% from its record set the day before. A report early in the morning said more U.S. workers applied for unemployment benefits last week than expected. A separate update, meanwhile, showed that inflation at the wholesale level, before it reaches U.S. consumers, was hotter last month than economists expected. Neither report points to imminent disaster, but they dilute one of the hopes that’s driven the S&P 500 to : Inflation is slowing enough to convince the Federal Reserve to keep cutting interest rates, while the economy is remaining solid enough to stay out of a recession. Of the two reports, the weaker update on the job market may be the bigger deal for the market, according to Chris Larkin, managing director, trading and investing, at E-Trade from Morgan Stanley. A surge in egg prices may have been behind the worse-than-expected inflation numbers. “One week doesn’t negate what has been a relatively steady stream of solid labor market data, but the Fed is primed to be sensitive to any signs of a softening jobs picture,” he said. Traders are widely expecting the Fed will ease its main interest rate at its meeting next week. If they’re correct, it would be a third straight cut by the Fed after it from a two-decade high. It’s hoping to support a after getting inflation nearly all the way down to its 2% target. Lower rates would give a boost to the economy and to prices for investments, but they could also provide more fuel for inflation. A cut next week would have the Fed following other central banks, which lowered rates on Thursday. The by a quarter of a percentage point, as many investors expected, and the Swiss National Bank cut its policy rate by a steeper half of a percentage point. Following its decision, Switzerland’s central bank pointed to uncertainty about how U.S. President-elect Donald Trump’s victory will affect economic policies, as well as about where politics in Europe is heading. Trump has talked up that could upend global trade. He rang the at the On Wall Street, Adobe fell 13.7% and was one of the heaviest weights on the market despite reporting stronger profit for the latest quarter than analysts expected. The company gave forecasts for profit and revenue in its upcoming fiscal year that fell a bit shy of analysts’. Warner Bros. Discovery soared 15.4% after unveiling a new corporate structure that separates its streaming business and film studios from its traditional television business. CEO David Zaslav said the move “enhances our flexibility with potential future strategic opportunities,” raising speculation about a spinoff or sale. Kroger rose 3.2% after saying it would get back to buying back its own stock now that its . Kroger’s board approved a program to repurchase up to $7.5 billion of its stock, replacing an existing $1 billion authorization. All told, the S&P 500 fell 32.94 points to 6,051.25. The Dow Jones Industrial Average dropped 234.55 to 43,914.12, and the Nasdaq composite sank 132.05 to 19,902.84. In stock markets abroad, European indexes held relatively steady following the European Central Bank’s cut to rates. Asian markets were stronger. Indexes rose 1.2% in Hong Kong and 0.8% in Shanghai as in Beijing to set economic plans and targets for the coming year. South Korea’s Kospi rose 1.6% for its third straight gain of at least 1%, as it pulls back following where its president briefly declared martial law. In the bond market, the 10-year U.S. Treasury yield rose to 4.33% from 4.27% late Wednesday. AP Business Writers Matt Ott and Elaine Kurtenbach contributed.
CHARLESTON SOUTHERN 83, MIAMI (FL) 79NEW YORK , Dec. 12, 2024 /PRNewswire/ -- Report on how AI is driving market transformation - The global power electronics market size is estimated to grow by USD 10.67 billion from 2024 to 2028, according to Technavio. The market is estimated to grow at a CAGR of 5.92% during the forecast period. The report provides a comprehensive forecast of key segments below- Segmentation Overview Product 1.1 Discrete 1.2 Module Material 2.1 Silicon 2.2 Silicon carbide 2.3 Gallium nitride Geography 3.1 APAC 3.2 Europe 3.3 North America 3.4 South America 3.5 Middle East and Africa Get a glance at the market contribution of rest of the segments - Download a FREE Sample Report in minutes! 1.1 Fastest growing segment: The power electronics industry plays a pivotal role in power conversion for various applications, from consumer electronics to industrial systems. Single chip and System-on-Chips (SoCs) integrated with power electronics enable efficient power consumption in Silicon-based devices and Wide Bandgap (WBG) devices like SiC. Power electronics are integral to wearables, sensors, IoT devices, mobile phones, and handheld electronics, facilitating DC-to-DC conversion for battery charging and voltage scaling. In renewable energy, power electronics are crucial for power generation from sources like photovoltaics and wind turbines, ensuring efficient electrical energy consumption. Power transmission and distribution systems, including power plants and power grids, rely on power electronics for efficient power conversion and distribution. Industrial appliances, server power supplies, and motor drives also benefit from power semiconductors, reducing carbon footprint and enhancing performance. Telecom infrastructure and electric motor drives in industrial robots further expand the application scope of power electronics. ON Semiconductor and other leading companies continue to innovate in this field, pushing the boundaries of power conversion technology. Analyst Review The Power Electronics Market encompasses the design, manufacturing, and application of various electronic components and systems in numerous industries. Key technologies include diodes, thyristors, and advanced materials such as silicon, silicon carbide, and gallium nitride. The market spans various sectors, including automotive and transportation, renewable energy, consumer electronics, defense and aerospace, and healthcare. Applications range from electric vehicles (EVs) and portable devices to power transmission and generation in renewable energy sources like photovoltaics and wind turbines. The power electronics industry plays a crucial role in electrical energy consumption and power generation, contributing significantly to the efficiency and reliability of modern systems. To understand more about this market- Download a FREE Sample Report in minutes! Key Topics Covered: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Venodr Landscape 11 Vendor Analysis 11.1 Semiconductor Components Industries, LLC 11.2 ABB 11.3 Infineon Technologies AG 11.4 Texas instruments Inc 11.5 ROHM Co. Ltd 11.6 STMicroelectronics NV 11.7 Renesas electronic corporation 11.8 Vishay Intertechnologies Inc 11.9 Toshiba Corporation 11.10 Mitsubishi Electric Corporation 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/ View original content to download multimedia: https://www.prnewswire.com/news-releases/power-electronics-market-to-grow-by-usd-10-67-billion-from-2023-2028--report-on-ai-powered-market-evolution---technavio-302328816.html SOURCE Technavio © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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The drug dealers, thieves and gang leaders who are granted clemency by Biden By JOE HUTCHISON FOR DAILYMAIL.COM Published: 22:04, 12 December 2024 | Updated: 23:24, 12 December 2024 e-mail 23 shares 110 View comments President Biden commuted the sentences of nearly 1,500 people on Thursday which included drug traffickers, embezzlers and even a leader of a biker gang. In the largest single-day act of clemency in modern history, pardoned 39 Americans convicted of nonviolent crimes and handed out 1,499 commutations. A commutation reduces a sentence that is being served, but does not erase a conviction nor imply innocence, according to the Department of Justice. One of those 1,499 was Rita Crundwell, the former comptroller of the city of Dixon, Illinois , who was involved in stealing over $50 million in city funds. She had served as Dixon's comptroller for over 20 years and pleaded guilty to embezzling the funds in 2013. The stolen money, which she began to accumulate in 1990, was said to be used to support her lavish lifestyle as well as a horse breeding business she ra n. The city managed to recover some of Crundwell's stolen money, after they sold some of her belongings and used it as a recovery fund. State marshals managed to sell off a chandelier made of old revolvers , Western-style furniture, horses, vehicles, jewelry and her homes. In the largest single-day act of clemency in modern history, pardoned 39 Americans convicted of nonviolent crimes and handed out 1,499 commutations Dixon city comptroller Rita Crundwell, left, leaves the Federal Building in Rockford, Illinois, on Wednesday afternoon, April 18, 2012 A chandelier made of revolvers, spurs and cowhide shades is seen Friday, Dec. 7, 2012, inside one of the homes owned by former Dixon comptroller Rita Crundwell She had numerous properties, which included two Dixon homes, her ranch, a home in Florida and prime farmland. She had been originally sentenced to 19 years and seven months behind bars but was released into home detention due to being at high-risk of Covid. The commutations were announced for those who were placed on home confinement during the COVID-19 pandemic. The Biden administration said that individuals who had been placed on home confinement had successfully 'reintegrated into their families and communities'. Walter Diggles was also granted a commutation on his nine-year federal prison sentence for his financial crimes which involved stealing federal grants. Diggles, alongside his wife Rosie and daughter Anita, were sentenced in 2018 after they stole taxpayer funds that were intended to aid victims of Hurricane Rita, Katrina, Ike and Dolly. The Texas-based family managed to devise a scheme to obtain and make use of federal grants that Congress handed down to help those affected by the storms. Diggles was the head of the Deep East Texas Council of Governments and used his power to approve inflated rates and requests for reimbursement from grant funds. He had his wife and daughter prepare many of the aid requests, before he then approved them. His wife and daughter were both sentenced to four-and-a-half years in prison, according to the Federal Bureau of Prisons search tool they are no longer in custody. Crundwell had numerous properties, which included two Dixon homes, her ranch, a home in Florida and prime farmland. One of her former homes in Dixon is seen here Walter Diggles, seen here, was also granted a commutation on his 9-year federal prison sentence for his financial crimes which involved stealing federal grants Rosie Diggles is seen here on the left, with her daughter Anita also pictured on the right In 2009, Bobby Duwayne Froman of Levelland, Texas, pleaded guilty to having a role as the leader of a large-scale methamphetamine trafficking organization. Froman was probed by authorities for drug trafficking activities that he was involved in with his gang the Aces and Eights Outlaw Motorcycle Gang. His posse, of which he was President, acted as a support club of the Bandidos Outlaw Motorcycle Gang and helped distribute crystal meth across West Texas. Froman, seen here, was the President of the Aces and Eights Outlaw Motorcycle Gang A federal grand jury had returned a 110-count indictment that charged him and 28 other defendants for their part in the illicit business. Authorities at the time said his gang would travel to California and acquire the drug by the pound, before transporting it back to Texas. There they mixed the drug with adulterants before splicing it into smaller quantities for sale, accepting money, guns or sex as payment. He too had his sentence commuted Crystal Busby-Tetzlaff was sentenced in 2018 alongside her partner Raymond after pleading guilty to being in possession of crystal meth with intent to distribute. She was sentenced to ten years, with five years of supervised release after authorities seized a total of two pounds of meth from their home. They also found four ounces of the drug in a bag her partner was carrying, as well as scales, numerous plastic baggies and drug ledgers inside. After another raid on a storage unit, a total of six pounds of pure crystal meth was seized by the authorities. RLS Ar Abdul Aziz from Baton Rouge, Louisiana was also among the list of commutations after he was sentenced in 2012 to 30 years behind bars for his part in a crack cocaine distribution scheme. Crystal Busby-Tetzlaff, seen here, was sentenced in 2018 alongside her partner Raymond after pleading guilty to being in possession of crystal meth with intent to distribute After another raid on a storage unit, a total of six pounds of pure crystal meth was seized by the authorities. A stock image of the drug is seen here At the time of his sentencing he was designated as a 'career offender' due to have two prior convictions for federal drug trafficking. He was also handed a commutation. Edward Abell III was also among the list, having pleaded guilty in 2018 to five counts of wire fraud and three counts of money laundering. Read More Biden scorned for 'trashing' his legacy with the largest act of clemency ever after Squad pressure Abell had been the chief financial officer of two Boston-based companies, one of which he managed to embezzle $3.8 million from. He was found to have made out company checks to Pinehurst Tax Associates, a firm that he owned but did not provide any services to his employer. Abell had set up the company as a way to channel embezzled funds into his personal bank accounts and set up fake employees to avoid detection. In 2016 he was let go from the company for unknown reasons, and was hired at another firm where he again kept up the charade - making off with $140,000. Prosecutors said he used the money to purchase a home in Fryeburg, Maine, buy a Porsche Macan as well as a Ford-350 Super Duty. Another on the commutation list was Dwayne Appling, 37, who is serving 27 years in prison after he was found to head an organization that flooded Waterloo, Illinois, with heroin in 2014. Prosecutors at the time said his organization was 'extensive', and involved thirty other individuals who were also similarly prosecuted. Dwayne Appling, 37, was sentenced to 27 years in prison in 2014 after he was found to head an organization that flooded Waterloo, Illinois, with heroin According to a WCFC Courier story from 2011, he had gone on the run after a round of grand jury indictments concerning his heroin ring. That indictment had stemmed from a raid on 17 homes in the city that turned up quantities of heroin, methadone, oxycodone and guns. In 2017, Shelinder Aggarwal of Huntsville, Alabama, was sentenced to 15 years in prison after he was found to have handed out illegal prescriptions for painkillers. Authorities said Aggarwal was the nation's highest Medicare prescriber of opioids during the height of his practice. Read More BREAKING NEWS Biden pardons son Hunter in bombshell U-turn as he claims he was 'unfairly prosecuted' He was found to have conducted health care fraud totaling $9.5 million in unneeded and unused urine tests. Aggarwal was ordered to forfeit $6.7 million and to give up his former clinic, and was ordered to pay $6.7 million in restitution to Blue Cross Blue Shield of Alabama. Authorities said he ran a 'pill mill', and would see around 80 to 145 patients a day in 2012, the majority would get prescriptions. Court records said initial visits lasted five minutes or less, and any follows up would take two minutes or less. He pleaded guilty to having patients undergo unnecessary urine drug tests that he did not need or use, and would bill insurance companies for them. In a plea agreement he said his primary motivation for doing so was for 'financial gain'. Biden said he would be taking more steps in the weeks ahead and would continue to review clemency petitions. The second largest single-day act of clemency was by Barack Obama, with 330, shortly before leaving office in 2017. The clemency follows a broad pardon for his son Hunter, who was prosecuted for gun and tax crimes. Illinois Share or comment on this article: The drug dealers, thieves and gang leaders who are granted clemency by Biden e-mail 23 shares Add comment