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2025-01-13
Wall Street is watching for developments in Washington, D.C. Friday after Thursday's failed attempt to avert a government shutdown. Some stocks remain wobbly as the day wears on and a midnight deadline approaches. What Happened : The House turned down a contingency plan proposed by Speaker Mike Johnson (R-La) only hours before the vote Thursday. The proposal failed to secure the necessary two-thirds majority. Backed by President-elect Donald Trump , the funding bill ran into trouble mainly from Democrats due to its inclusion of a two-year debt limit suspension. The bill would have maintained government funding at existing levels through mid-March, suspended the debt limit for two years and allocated approximately $100 billion in disaster relief and about $10 billion for farmer economic assistance. Market Movement, Sectors Affected Defense Sector: Companies in the defense industry, such as Lockheed Martin LMT , Northrop Grumman NOC and L3Harris Technologies LHX often depend heavily on government contracts. During a shutdown, delays in contract awards and payments can occur, potentially impacting cash flow and stock performance. Health Care Sector: Firms that receive substantial revenue from government health care programs, like Medicare and Medicaid, might experience payment delays during the shutdown. This could affect companies such as UnitedHealth Group UNH and Humana HUM . Aerospace Sector: Aerospace companies that rely on federal contracts or regulatory approvals could face delays, potentially affecting their operations and stock prices. These stocks include Lockheed Martin and Boeing BA Consumer, Retail Sectors: A shutdown can lead to furloughs for federal employees, resulting in delayed paychecks. This reduction in disposable income may decrease consumer spending over the holidays, adversely affecting retail companies and consumer goods manufacturers. Financial Sector: Government shutdowns can delay economic reports and data releases, creating uncertainty in financial markets. Naturally, this uncertainty could lead to increased market volatility, impacting financial institutions and investment firms. Holiday Travelers, Take Note With the busy holiday season upon us and the Transportation Security Administration expecting to screen up to 40 million air travelers in the coming weeks, air traffic controllers and essential airport workers could be doing their jobs without the prospect of a paycheck. Before the Capitol moved closer to a shutdown, the AAA predicted over 119 million people would hit the roads over the holidays, noted the NY Times. If no funding solution is reached by midnight, the already crowded highways could be even more so as planes and trains fill up or, worse, face cancellations. No matter what happens in D.C., Amtrak is expected to keep the trains running on schedule. Now Read: Market Volatility Halts On Soft Inflation Data, Yet Traders Remain Wary Of Fighting The Fed: 10 ETFs Moving Friday Photo via Shutterstock. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Fr Amit D’Souza, SJ In an age defined by complexity and confusion, navigating life’s path can feel like a daunting challenge. Amid the cacophony of opinions and manipulated information, the search for truth and purpose becomes ever more pressing. Today’s youth face these challenges head-on, seeking direction and meaning in an increasingly uncertain world. A timeless source of inspiration is the life of StFrancis Xavier – a man whose remarkable legacy transcends time and place. Renowned for his missionary zeal, cultural adaptability, and deep spirituality, Xavier offers a blueprint for reflection and action. His life serves as a powerful guide for young people striving to navigate this complex world with faith and resilience. A Journey of Conversion: From Ambition to Mission St Francis Xavier’s story begins in 1506 in Navarre, Spain. Gifted and ambitious, he pursued academic excellence at the University of Paris, aspiring to worldly success. Yet, his heart and life underwent a profound transformation – a journey of conversion shaped by his encounter with StIgnatius of Loyola. Initially resistant to Ignatius’ spiritual counsel, Xavier was deeply moved by the question, “What will it profit a man if he gains the whole world but loses his soul?” (Matthew 16:26). Ignatius’ patient guidance and example awakened in Xavier a hunger for a higher purpose. Biographer Georg Schurhammer describes this transformation as gradual but life-altering:“Ignatius did not seek to confront Xavier head-on but rather to awaken in him a hunger for something greater” (Schurhammer, 1973, p. 138).Xavier embraced his new vision of life with trust and surrender to God, writing to his family:“I have found a treasure worth more than all the world’s honors and riches” (Costelloe, 1992, p. 15). Lessons for Today The youth today can draw from Xavier’s conversion process as an ongoing journey rather than a singular event. His story highlights the need for openness to divine communication, often facilitated by mentors or meaningful relationships. As Schurhammer (1973) notes, “Xavier’s conversion was not an end but a beginning – a lifelong journey of growing in faith, deepening in service, and surrendering to God’s will” (p. 196). Modern youth navigating uncertainties can find solace in Xavier’s example, recognising that conversion demands reflection, patience, and trust in God. People, Places, and Purpose St Francis Xavier’s missionary work took him across continents, from India to Japan, exemplifying service, resilience, and intercultural engagement. His ability to connect with diverse cultures was a hallmark of his approach. India: Bridging Faith and Culture Arriving in Goa in 1542, Xavier focused initially on reforming the Christian settlers before turning his attention to the Paravas, a fishing community in South India. Learning Tamil and adopting local customs, Xavier’s simplicity and storytelling resonated with the people. “Xavier did not come as a foreigner imposing his culture but as a humble servant building bridges” (Schurhammer, 1977, p. 231). Japan: Faith Meets Honour In Japan, Xavier marveled at the cultural richness, adapting his methods to appeal to Japanese values of honor and curiosity. Schurhammer highlights his cultural sensitivity, “Xavier’s respect for Japanese society enabled him to forge connections that extended beyond religious teachings” (Schurhammer, 1980, p. 321). In a globalised world, cultural respect and adaptability are crucial. Xavier’s example calls young people to embrace diversity with humility, fostering mutual understanding and meaningful dialogue. Xavier’s life was defined by resilience and unwavering purpose. Despite setbacks – illness, loneliness, and rejection – he remained steadfast in his mission. His prayerful reliance on God and his ability to find grace in challenges are deeply inspiring. Mission with Compassion Xavier’s ministry among marginalised communities, particularly the impoverished fisherfolk of India, revealed his deep empathy and sense of justice. He writes, “Their only hope is the comfort we bring through Christ. I find myself often weeping with them, sharing their sorrows” (Schurhammer, 1977, p. 406). Guided by God’s Voice Daily prayer and solitude anchored Xavier’s life. His practice of the Ignatian ‘Daily Examen’ offers modern youth a powerful tool for self-reflection and discernment. In a world distracted by materialism and social media, Xavier’s disciplined spiritual life challenges young people to prioritise inner growth and purpose. Building Bridges in a Divided World: Lessons for Global Citizenship Xavier’s intercultural approach resonates powerfully in today’s multicultural societies. His respect for local traditions and efforts to contextualise Christianity were groundbreaking. Schurhammer writes:“Xavier’s ability to adapt and appreciate other cultures exemplifies a model of global citizenship” (Schurhammer, 1980, p. 428). Opportunities for Youth Cultural Exchange Programmes: Xavier’s approach inspires young people to participate in cultural exchanges, fostering mutual understanding. Advocacy for Justice Like Xavier, youth can champion issues like poverty and climate change, becoming agents of change in their communities. Xavier’s legacy calls youth to embrace a global perspective, cultivate empathy, and actively engage in creating a just and equitable world.lottery number generator

Trump threatens 100% tariff on the BRIC bloc of nations if they act to undermine US dollarThe Maharashtra Prisons and Correctional Services Act, 2024, is based on the Model Prisons Bill, 2023, sent by the Centre to the states, Chief Minister Devendra Fadnavis told the House. Nagpur: The Maharashtra legislative assembly here on Friday passed a bill seeking to reform the prison system in the state. The Maharashtra Prisons and Correctional Services Act, 2024, is based on the Model Prisons Bill, 2023, sent by the Centre to the states, Chief Minister Devendra Fadnavis told the House. A high-security prison and detention centre will be set up in Mumbai, while a new prison being built in Pune will be a two-storey facility, he added. A plot of land has been finalised for the new prison in Mumbai, the CM said. As many as 1,600 accused who have got bail continue to stay in prison in the state for the lack of money to pay for bail bond, he informed. The bill provides for categories of prisons such as special prison, open prison for women, temporary prison and open colony. Open prisons and open colonies will help with rehabilitation and reintegration of former jail inmates after their release, Fadnavis said. The bill also provides for the constitution of a `prison and correctional prison force’. A welfare fund for prison staff and another fund for the welfare of prisoners is also an important feature of the legislation, the CM said. It also provides for better segregation of various categories of prisoners and their special needs as women, transgenders, under-trial prisoners, convicts, high-risk prisoners and habitual offenders. The bill also makes provisions for a grievance-redressal mechanism for prisoners, after-care rehabilitation service, and a separate women’s ward in prison hospitals. An undertrial review committee will be set up in every district for periodical review of all undertrial prisoners and to take measures for speedy disposal of cases and make appropriate recommendations to trial courts. Technology including biometrics, closed-circuit television (CCTV), scanning and detection services, Radio Frequency Identification and video conference facilities will be used for effective management and supritendence of prisons and to ensure the safety of inmates, the CM said. The entire prison administration will be computerized, the chief minister said. Congress MLA Nana Patole and Sanjay Kute (BJP) said prison reforms should not lead to a situation where criminals would like to remain in jail. There should be no lavishness, they said. Fadnavis assured that there would be no “five-star facility”, adding that the reforms aim to protect human rights of jail inmates. Kute said social health will be affected if criminals get lavish treatment in jail. Aaditya Thackeray (Shiv Sena UBT) said artificial intelligence should be used to create digital footprint of prisoners so that care can be taken after a prisoner walks out of the jail. Fadnavis said the use of AI for this purpose will take time. Sana Malik (NCP) said the right to health is part of the right to life. Mumbai’s Arthur Road Jail has the capacity to accommodate 804 inmates but some 3,000 prisoners are lodged there, she claimed. Fadnavis conceded that the number of doctors available is small in view of the number of prison inmates. “We will focus on reducing the number of undertrials,” the chief minister said. Click for more latest India news . Also get top headlines and latest news from India and around the world at News9.

FLORHAM PARK, N.J. (AP) — New York Jets kicker Greg Zuerlein will be activated from injured reserve and will play against the Buffalo Bills on Sunday. Interim coach Jeff Ulbrich announced Friday that Zuerlein is returning after missing seven games with a knee injury to his left, non-kicking leg. He had been shaky before the injury, but the Jets have since been unsettled at the position, with Riley Patterson, Spencer Shrader and Anders Carlson all filling in. “He came back, looked healthy, kicked the ball well this week,” Ulbrich said of Zuerlein. “So, he’ll be our guy going forward here.” Zuerlein is officially listed as questionable to play, but was a full participant the final two practices. Wide receiver , but likely to play after participating on a limited basis Friday because of a hip ailment that held him out Thursday. Cornerback Sauce Gardner is also questionable with a hamstring injury that sidelined him in the second half of . Zuerlein, who re-signed with the Jets last offseason on a two-year deal, made just nine of 15 field goal attempts and missed one extra point in the first eight games this year. He had been one of the NFL's most consistently reliable kickers the previous two seasons with the Jets. Patterson kicked in one game after the Jets placed Zuerlein on IR. Shrader also kicked in one game before he was signed off the practice squad by Kansas City. Carlson had been the kicker the past five games, but missed a field goal and an extra point against the Rams and the Jets signed Greg Joseph to the practice squad to provide competition. Ulbrich said earlier in the week Zuerlein would also be in the mix after a long layoff. "I think sometimes that can be powerful, an opportunity just to take a deep breath, get his body healthy again and get a restart," Ulbrich said. “So I’m excited for him to do his thing these last two games and really demonstrate to everybody who he is as a kicker.” Adams said he was injured early in the game against the Rams, but was still able to catch seven passes for 68 yards and a touchdown. He said he was optimistic about his chances of playing at Buffalo. “We're still working on it,” Adams said after practice Friday. “We're treating it, trying to get it right so we can hopefully be there and ready by game time.” Defensive tackle Quinnen Williams could return after missing last week with a hamstring injury. He was listed as questionable and was limited at practice all week. Also questionable but expected to play are right tackle Morgan Moses (knee), safety Tony Adams (ankle), cornerback Michael Carter II (back), defensive end Haason Reddick (neck) and defensive lineman Braiden McGregor (ankle). Defensive tackle Leki Fotu was ruled out with a knee injury. AP NFL:

Firstbank’s N30m prize money raises the bar in Pro/Am golfMichigan hopes it has found a long-term solution to the quarterback woes that have plagued the Wolverines in 2024. The school got a . The Michigan native is the No. 2 player in the country, according to Rivals, and had previously been committed to LSU. If Underwood signs with Michigan in December’s early signing period or the normal signing period in 2025, he’ll be the school’s highest-ranked recruit since Rashan Gary committed to the Wolverines in 2016. Underwood would also be the first Rivals five-star to sign with the Wolverines since DB Will Johnson in 2022. Johnson has become one of the best defensive backs in college football and is a likely first-round pick in the 2025 NFL Draft. The verbal commitment from Underwood comes on the same day that Colorado landed . He's the No. 6 player in the country and had recently de-committed from USC. Underwood plays for Belleville High School, the same school that currently employs disgraced ex-Michigan staffer Connor Stalions. Stalions has been serving as an assistant for the school after his alleged advance scouting scheme was the storyline of the 2023 college football season. It's the second high school job for Stalions this season. He started the season at Detroit Mumford. The connection with Stalions aside and any role the former staffer may or may not have played in Underwood's recruitment, it's hard to overstate the significance of Underwood's flip for Michigan. The Wolverines have missed out on high-profile in-state QBs in recent years and drastically need a solid quarterback to overhaul the offense under first-year head coach Sherrone Moore. The coach was understandably excited about the news on social media. YES SIR ! 🔵 The Best players in Michigan go to Michigan ! — Sherrone Moore (@Coach_SMoore) Michigan is just 5-5 with two games to go in the regular season thanks largely to porous QB play. Three different players have started at QB for Michigan this season and they’ve combined to complete less than 60% of their passes and throw nine TDs and nine interceptions. Overall, Michigan QBs are averaging just six yards per passing attempt. If Underwood signs in December, he'll have the opportunity to enroll early at Michigan and participate in spring practices. The only player ranked ahead of Underwood in Rivals' rankings is QB Tavien St. Clair. He has been verbally committed to Michigan's archrival Ohio State since June of 2023. The Buckeyes added two top quarterbacks in the class of 2024 in Air Noland and Julian Sayin. After Underwood's commitment, Michigan's 19-person class

WEST PALM BEACH, Fla. (AP) — President-elect Donald Trump on Saturday threatened 100% tariffs against a bloc of nine nations if they act to undermine the U.S. dollar. His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates. Turkey, Azerbaijan and Malaysia have applied to become members and several other countries have expressed interest in joining. While the U.S. dollar is by far the most-used currency in global business and has survived past challenges to its preeminence, members of the alliance and other developing nations say they are fed up with America’s dominance of the global financial system . The dollar represents roughly 58% of the world’s foreign exchange reserves, according to the IMF and major commodities like oil are still primarily bought and sold using dollars. The dollar's dominance is threatened, however, with BRICS' growing share of GDP and the alliance's intent to trade in non-dollar currencies — a process known as de-dollarization. Trump, in a Truth Social post, said: “We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs, and should expect to say goodbye to selling into the wonderful U.S. Economy." At a summit of BRIC nations in October, Russian President Vladimir Putin accused the U.S. of “weaponizing” the dollar and described it as a “big mistake.” “It’s not us who refuse to use the dollar,” Putin said at the time. “But if they don’t let us work, what can we do? We are forced to search for alternatives.” Russia has specifically pushed for the creation of a new payment system that would offer an alternative to the global bank messaging network, SWIFT, and allow Moscow to dodge Western sanctions and trade with partners. Trump said there is "no chance" BRIC will replace the U.S. dollar in global trade and any country that tries to make that happen "should wave goodbye to America.” Research shows that the U.S. dollar's role as the primary global reserve currency is not threatened in the near future. An Atlantic Council model that assesses the dollar’s place as the primary global reserve currency states the dollar is “secure in the near and medium term” and continues to dominate other currencies. Trump's latest tariff threat comes after he threatened to slap 25% tariffs on everything imported from Mexico and Canada, and an additional 10% tax on goods from China, as a way to force the countries to do more to halt the flow of illegal immigration and drugs into the U.S. He has since held a call with Mexican President Claudia Sheinbaum, who said Thursday she is confident that a tariff war with the United States can be averted. Canadian Prime Minister Justin Trudeau returned home Saturday after meeting Trump, without assurances the president-elect will back away from threatened tariffs on Canada.Kings fire coach Mike Brown less than halfway through his 3rd season, AP source says

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