The best snowboard bindings to raise your game on the slopes— BIRTH NAME: James Earl Carter, Jr. — BORN: Oct. 1, 1924, at the Wise Clinic in Plains, Georgia, the first U.S. president born in a hospital. He would become the first president to live for an entire century . — EDUCATION: Plains High School, Plains, Georgia, 1939-1941; Georgia Southwestern College, Americus, Georgia, 1941-1942; Georgia Institute of Technology, Atlanta, 1942-1943; U.S. Naval Academy, Annapolis, Maryland, 1943-1946 (class of 1947); Union College, Schenectady, New York, 1952-1953. — PRESIDENCY: Sworn-in as 39th president of the United States at the age of 52 years, 3 months and 20 days on Jan. 20, 1977, after defeating President Gerald R. Ford in the 1976 general election. Left office on Jan. 20, 1981, following 1980 general election loss to Ronald Reagan. — POST-PRESIDENCY: Launched The Carter Center in 1982. Began volunteering at Habitat for Humanity in 1984. Awarded Nobel Peace Prize in 2002. Taught for 37 years at Emory University, where he was granted tenure in 2019, at age 94. — OTHER ELECTED OFFICES: Georgia state senator, 1963-1967; Georgia governor, 1971-1975. — OTHER OCCUPATIONS: Served in U.S. Navy, achieved rank of lieutenant, 1946-53; Farmer, warehouseman, Plains, Georgia, 1953-77. — FAMILY: Wife, Rosalynn Smith Carter , married July 7, 1946 until her death Nov. 19, 2023. They had three sons, John William (Jack), James Earl III (Chip), Donnel Jeffrey (Jeff); a daughter, Amy Lynn; and 11 living grandchildren and 14 great-grandchildren. Source: Jimmy Carter Library & Museum
Australian market watchers have raised concerns over what another Trump administration and an uncertain Chinese economy could mean for the local bourse next year as markets come off a prosperous 2024. The S&P/ASX 200 grew about 10 per cent in 2024, its best gain since 2021, marking a recovery after two years hampered by inflationary pressures and ballooning interest rates. Donald Trump, Xi Jinping and Elon Musk will hold great influence over the fate of global markets in 2025. Credit: Nathan Perri While forecasts in January were optimistic about the year ahead, Tribeca Investment Partners portfolio manager Jun Bei Liu said the ASX “defied all expectations” with the “incredible” returns observed across 2024. “At the beginning, we all thought the Australian market would be strong, but not as strong as it has been,” Liu said. “It’s been thanks to the resilience of our economy and optimism returning to the sharemarket.” Among the best performers was the finance sector – which grew 30 per cent in the past year and was spurred on by Commonwealth Bank – and the IT sector, which enjoyed significant gains as artificial intelligence demand surged. Jessica Amir, market strategist at Moomoo, observed that late annual growth on the bourse came behind the “hot spice” kicked into markets following the US election and release of a new Chinese stimulus. Among the late lifters was Block Inc., the Jack Dorsey-founded financial services firm that emerged as a major beneficiary of the Bitcoin price surge that followed Donald Trump’s election victory. Moomoo market strategist Jessica Amir has backed Block in for a big 2025 amid the Trump-inspired Bitcoin boom. Credit: Louie Douvis “It was a monumental day and showed the changing face of the Australian sharemarket when we saw Block overtake ANZ and Macquarie [in December],” Amir said. “Block will probably become a top-five company in 2025.” Analysts view Trump’s inauguration on January 20 as the first major test for the Australian sharemarket in 2025, likely to be followed by the Australian Reserve Bank’s interest rates decision on February 6. Some of Trump’s policies – including new trade tariffs – spell trouble for global markets. IG market analyst Tony Sycamore said that Trump’s immediate actions following his inauguration would be “very important” for the health of the Australian sharemarket. “Most of the forecasts that I’ve seen say it’ll be a good year for the stock market if Trump does this or that,” Sycamore said. “It depends on whether Trump prioritises tax cuts, regulation and cutting the fat off the US bureaucracy, or whether he goes for the tariffs.” AMP chief economist Shane Oliver has said the Australian dollar could be in for a “rough ride” under Donald Trump’s America-first policies. Credit: Peter Rae While the prospect of increased tariffs has accelerated inflationary fears, Trump’s agenda is also forecast to stimulate growth for big tech, industrial and mining stocks, and the banks, which are expected to enjoy increased borrowing demand as interest rates continue to be lowered in 2025. “Trump is quite supportive of the stock market in general,” Amir said. “Cutting taxes, regulation and red tape is really good for tech stocks, especially the chip sector.” Tesla is among the companies that’s expected to benefit from an expected reduction in the cost of batteries in 2025, and reap reward from chief executive Elon Musk’s tight-knit relationship with Trump. AMP chief economist Shane Oliver said the Australian dollar could face a “rough ride” under Trump, though he noted that lower spending in the US could put upward pressure on the Aussie dollar. “It wouldn’t surprise me if as the US economy cools down into next year, that it leads to lower services inflation, which leads to lower inflation,” said Oliver, who expects constrained global growth in 2025. “The Aussie dollar could turn less than 60¢ on the downside, or head towards high 60s if the US Federal Reserve turns dovish, and the Chinese stimulus comes strong.” The RBA is expected to cut interest rates as early as February, as underlying inflation falls further and unemployment rises. The federal election, slated for sometime between March and May, might prompt an increase in government spending although is unlikely to influence short-term economic policies. Weak Chinese economic data released this month renewed calls for an increased stimulus from its government, which could promise increased trade opportunities for Australian businesses. Liu thought investors could expect “more and more” targeted stimulus packages from the Chinese government, as it loosens its policies in a bid to supercharge a slowing economy. “Policymakers have been very clear – they will keep stimulating until they get it right,” Liu said. “Given the underperformance of the [Australian] utilities sector, the stimulus will provide a tailwind for them.” Miners are also expected to benefit from new Chinese stimulus packages, and from movement across global currencies. “You would expect the US dollar to eventually roll over, and the rolling over would allow the pushing up of commodity demand, which is to the benefit of our mining sector,” Amir said. “It will make for – all in all – a pretty good year.” The Business Briefing newsletter delivers major stories, exclusive coverage and expert opinion. Sign up to get it every weekday morning .BLOOMINGTON, Ind. (WISH) — Lee Hamilton can still remember the political environment in 1976. The Vietnam War had just ended. Washington was still reeling from Watergate. Inflation and unemployment were rising. It was against this backdrop that Hamilton, then a Democratic Congressman representing southeastern Indiana, first met Jimmy Carter. “He captured the mood of the country,” Hamilton said. “His down-home approach to things, played up the fact that he was from Plains, Georgia.” At the time, Hamilton had already served in Congress since 1965. He had been on the House Foreign Affairs Committee from the beginning and was the chair of the Europe and the Middle East subcommittee. Hamilton said Carter brought a different mentality from his predecessors. He was deeply analytical and thoroughly studied whatever topic was presented to him. “You had to know what you were doing,” Hamilton said of working with him. “If you were invited to the White House to talk to the president, you had to do your homework before you went into the office. If you didn’t, you were very quickly isolated.” Although Hamilton spent little time working with Carter on legislation and was not especially close to him, his committee assignment gave him a front row seat to the foreign policy problems facing the 39th president. He said he worked quite closely with Carter on the Arab-Israeli peace talks that ultimately led to the Camp David Accords. “He had a very visceral feeling toward the Palestinians,” Hamilton said. “It kind of switched the dynamics of Washington because Washington has always been identified as having strong ties with Israel.” Hamilton said Carter’s analytical mind was both his greatest strength and his Achilles heel. He said Carter’s patience was limited, especially for people who were not as well-versed in a particular policy issue or with whom he disagreed. That limited his efficacy at the day-to-day give and take of governance. “He was good at identifying the problem, explaining the problem, articulating the problem,” Hamilton said, “but he had a hard time getting people to come along with him and he had a hard time understanding them.” Carter was out of office from January 20, 1981 until his death on Sunday, the longest post-presidency of any chief executive in U.S. history. Hamilton said Carter redefined what it meant to be an ex-president. “He knew an ex-president had a platform and he exploited that and did it skillfully,” Hamilton said. “His predecessors and successors much less so. They did it to some degree but not like he did. He really made it an art form.” Although Carter’s time on the national political stage was brief, Hamilton said he made several profound changes to policy that impacted all of his successors. He said Carter was the first president to spend a significant amount of time on environmental and energy policy. Perhaps most importantly, Hamilton said Carter was the first president to incorporate human rights into American foreign policy. He said every American president since has addressed human rights in some way in their doctrine. “He made human rights a major plank in American foreign policy. That’s not going to change and Jimmy Carter deserves credit for that,” Hamilton said.