Olivia Olson scored 18 points, including eight straight to open the fourth quarter, as the No. 23 Michigan Wolverines survived a 60-54 scare from the Northwestern Wildcats in the Big Ten opener for each team in Ann Arbor, Mich. Northwestern (4-4, 0-1 Big Ten) led throughout the third quarter and took a four-point lead into the fourth, but Olson capped her 8-0 burst with a 3-pointer, and Syla Swords also nailed a trey to put the Wolverines (8-1, 1-0) ahead 50-44. Michigan has won eight straight games since opening the season with a six-point loss to then-No. 1 South Carolina. Caileigh Walsh's 3-pointer put the Wildcats back in front 53-52 with 3:36 to go. Michigan responded by scoring eight of the game's last nine points, six by Jordan Hobbs. Hobbs finished with 16 points and teammate Mila Holloway had 10. Kyla Jones led Northwestern with 14 points and Walsh notched 10 before fouling out. No. 4 Texas 93, James Madison 62 Madison Booker, Jordan Lee and Rori Harmon dominated the first half as the Longhorns clobbered the host Dukes in Harrisonburg, Va. Booker scored 21 points, Lee added 20 and Harmon 19 by combining on 25-of-33 shooting. They had 49 of their points in the first half as Texas (7-1) piled up a 58-29 halftime lead. The Longhorns, who entered seventh in the nation in scoring at 90 points per game, shot 54 percent for the game to 40 percent for the Dukes. Roshala Scott led James Madison (7-3) with 22 points and Peyton McDaniel and Ashanti Barnes had 12 apiece. McDaniel added eight rebounds for the Dukes, who had 24 turnovers. No. 10 Notre Dame 93, Syracuse 62 The Fighting Irish pulled away from a seven-point halftime lead to demolish the host Orange in the ACC opener for both schools. The trio of Sonia Citron, Hannah Hidalgo and Olivia Miles led Notre Dame's win with double-doubles. Citron had 25 points and 11 rebounds, Hidalgo racked up 24 and 10, respectively, and Miles shone with 20 points, 10 rebounds and eight assists. Hidalgo, third in Division I in scoring (24.6 ppg), netted nine points and Citron had eight in the third quarter, as Notre Dame (7-2, 1-0 ACC) outscored Syracuse (4-6, 0-1) 29-13 to pull away. Keira Scott posted 16 points and Sophie Burrows tacked on 13 for the Orange, who shot only 32.5 percent. The Irish shot 50 percent and thrived despite 20 turnovers. No. 16 North Carolina 72, Coppin State 46 The Tar Heels built a comfortable halftime lead and used its bench players freely in devouring the Eagles in Chapel Hill, N.C. North Carolina (9-1) entered second-best in the nation in scoring defense at 49.1 points per game and excelled again, holding Coppin State to 27.3 percent shooting. Meanwhile, the Tar Heels shot 44.4 percent while having 12 players enter the scoring column, led by Maria Gakdeng's 10 points on 5-of-6 shooting. Reniya Kelly scored six of her eight points in the first quarter as North Carolina took a 23-13 lead. The Tar Heels grew the lead to 46-27 by intermission. Tiffany Hammond and Angel Jones scored 12 points apiece for Coppin State (6-5), and Laila Lawrence added 10 points with 10 rebounds. No. 18 Ole Miss 85, Tennessee State 38 The Rebels had more points by halftime than the Lady Tigers scored in the game after jumping out to a 14-2 lead in the first quarter and 44-19 by intermission. Kennedy Todd-Williams led Ole Miss (6-3) with 15 points and seven rebounds, and Sira Thienou added 12 and six, respectively. The Rebels shot 46 percent for the game. Ole Miss began the day seventh in the nation in scoring defense at 49.8 points allowed per game, and it punished Tennessee State to the tune of 23.6 percent shooting and 22 forced turnovers. XaiOnna Whitfield led the Lady Tigers (4-6) with 10 points. No. 20 Iowa State 82, Central Michigan 56 Audi Crooks scored 19 points on 9-of-12 shooting and added 10 rebounds as the Cyclones slammed the Chippewas in Ames, Iowa. Emily Ryan netted 10 of her 12 points in the first quarter and Crooks scored nine in the period as Iowa State (8-2) jumped out to a 31-13 lead and enjoyed a cushion of at least 18 points the rest of the way. Addy Brown added 18 points for the Cyclones, who shot 52.5 percent and rolled despite having 20 turnovers. Jayda Mosley led Central Michigan (3-6) with 11 points and Madi Morson and Ayanna-Sarai Darrington added 10 apiece. The Chippewas shot only 33.3 percent from the floor and had 26 turnovers. No. 24 Michigan State 89, DePaul 61 The unbeaten Spartans put four scorers in double figures as they systematically disposed of the Blue Demons in East Lansing, Mich. Jaddan Simmons finished with 18 points, five rebounds and five assists, and Julia Ayrault stuffed the stat sheet with 17 points, 12 rebounds, five assists and three steals for Michigan State (9-0). Emma Shumate and Jocelyn Tate had 12 and 10 points, respectively. Jorie Allen put up 15 points, 11 boards, seven assists and three steals and Grace Carstensen also notched 15 points for DePaul (3-7), which shot just 28.8 percent despite hitting 9 of 18 of its 3-point attempts. The Spartans led by seven after one quarter and 17 at halftime before coasting through the second half. No. 25 Nebraska 84, Minnesota 65 Strong first quarters by Callin Hake and Amiah Hargrove sent the Cornhuskers on their way to pinning the first loss on the Golden Gophers in the Big Ten Conference opener for each team. Hake scored eight of her 11 points in the first period and Hargrove eight of her 10 as Nebraska (8-1, 1-0 Big Ten) seized a 27-11 lead and never looked back. Hargrove scored eight of the Cornhuskers' 10 straight points to end the quarter. Alberte Rimdal led the winners with 12 points and Alexis Markowski added 11 with nine rebounds. Mallory Heyer collected 12 points and eight rebounds for Minnesota (10-1, 0-1). Tori McKinney scored 11 points and Grace Crocholski and Alexsia Rose 10 apiece, but the Golden Gophers hit just 35.2 percent of their shots. --Field Level MediaThriving in the Sixth Wave of innovation
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AP Business SummaryBrief at 12:58 p.m. ESTWASHINGTON (AP) — The Supreme Court is allowing a multibillion-dollar class action investors’ lawsuit to proceed against Facebook parent Meta, stemming from the privacy scandal involving the Cambridge Analytica political consulting firm. The justices heard arguments in November in Meta’s bid to shut down the lawsuit. On Friday, they decided that they were wrong to take up the case in the first place. The high court dismissed the company’s appeal, leaving in place an appellate ruling allowing the case to go forward. Investors allege that Meta did not fully disclose the risks that Facebook users’ personal information would be misused by Cambridge Analytica, a firm that supported Donald Trump ‘s first successful Republican presidential campaign in 2016. Inadequacy of the disclosures led to two significant price drops in the price of the company’s shares in 2018, after the public learned about the extent of the privacy scandal, the investors say. Meta spokesman Andy Stone said the company was disappointed by the court’s action. “The plaintiff’s claims are baseless and we will continue to defend ourselves as this case is considered by the District Court,” Stone said in an emailed statement. Meta already has paid a $5.1 billion fine and reached a $725 million privacy settlement with users. Cambridge Analytica had ties to Trump political strategist Steve Bannon. It had paid a Facebook app developer for access to the personal information of about 87 million Facebook users. That data was then used to target U.S. voters during the 2016 campaign. The lawsuit is one of two high court cases involving class-action lawsuits against tech companies. The justices also are wrestling with whether to shut down a class action against Nvidia. Investors say the company misled them about its dependence on selling computer chips for the mining of volatile cryptocurrency.
U.S. President-elect Donald Trump's latest nominee for U.S. attorney general has established herself as a staunch conservative, Trump loyalist and outspoken defender of the president-elect, both personally and professionally. Trump announced his selection of former Florida Attorney General Pam Bondi on Thursday, just hours after former Florida U.S. Congressman Matt Gaetz withdrew his name from consideration for the post. From his Truth Social media account, Trump praised Bondi and what she will bring to the office. "For too long, the partisan Department of Justice has been weaponized against me and other Republicans — Not anymore," Trump wrote. "Pam will refocus the DOJ to its intended purpose of fighting crime and making America safe again." The 59-year-old Bondi was one of the lawyers on Trump's defense team during his first impeachment trial, and she played a leading role in his efforts to overturn the results of the 2020 election. Raised, educated in Florida Bondi was born and raised in Florida, received a Bachelor of Arts degree from the University of Florida, and a law degree from the Stetson University College of Law in DeLand, Florida. Early in her law career, Bondi worked as prosecutor and spokeswoman in Hillsborough County, where she was assistant state's attorney. In 2010, she became the first female attorney general elected to the state of Florida. In that role, "she pioneered impactful anti-trafficking initiatives, hosted groundbreaking conferences to combat sexual exploitation, and championed innovative solutions that other states have since followed," said the non-profit National Center on Sexual Exploitation, which welcomed her appointment in a statement Friday. While in office, Bondi defended a 2008 amendment to the state constitution that would ban same sex marriages. In 2018, she joined other Republican state attorney generals in an unsuccessful lawsuit attempting to overturn the Patient Protection and Affordable Care Act, more commonly known as Obamacare. Bondi received widespread criticism in 2013 when, following a $25,000 donation to a political action committee supporting her re-election campaign from the Donald J. Trump Foundation, she chose not to join a lawsuit initiated by the attorney general of New York against Trump University for "persistent fraudulent, illegal and deceptive conduct." Prior to the donation, Bondi had said she was considering joining the lawsuit, as her office had received at least 22 complaints about Trump University. She endorsed Trump in the Florida primary during the 2016 presidential campaign. Organization founded to advance Trump's agenda Bondi serves as chair for the Center for Litigation and co-chair of the Center for Law and Justice at the America First Policy Institute, a conservative organization that was founded in 2021 to advance Trump's agenda. Bondi is also a partner at the Washington-based Ballard Partners lobbying firm, where she chairs the firm's Corporate Regulatory Compliance practice. Some information for this report was provided by The Associated Press, Reuters and Agence France-Presse.On the first day of the new legislative session, Assemblymember Avelino Valencia, D-Anaheim, introduced Assembly Constitutional Amendment 1 (ACA 1). The proposal would double the amount of state funds that could be placed in the Budget Stabilization Account (BSA) from 10% to 20% of the annual budget. The ostensible reason for the increase is to address the very real problem of revenue volatility. Because California is overly reliant on high income earners who generate massive amounts of capital gains and stock option funds in boom years, it is vulnerable to big drop-offs in revenue during the bust years. Indeed, revenue volatility has been such a large problem that Gov. Arnold Schwarzenegger created the California Commission for the 21st Century Economy to come up with solutions. Regrettably, while there was a broad consensus that something should be done about the boom and bust cycle, the commissioners could not agree on what to do about it. The goal of placing more funds in reserve because of volatility makes sense, if it can be accomplished without violating the letter and the spirit of Gann spending limit. Unfortunately, ACA 1, in its current form does just that. Here’s how. Just a year after Proposition 13’s passage in 1978, California voters approved the Gann spending limit which, like Prop. 13, sought to restrain the size and growth of government. But unlike Proposition 13, which was a direct limit on taxation, Gann attempted to limit government spending. It limited the growth of state and local government expenditures to a base-year level adjusted annually to reflect increases in population and inflation. Initially, the Gann limit performed as designed and resulted in a modest rebate to taxpayers in 1987. But subsequent measures backed by special interests weakened the Gann limit by creating exceptions for education and transportation spending as well as substituting a far more generous inflation factor. Ironically, after these changes, most public finance observers – including yours truly – wrongfully assumed that California would never again bump up against the limit. But a big surplus in fiscal year 2022-23 put the state on the brink of reaching that limit. While that collision was briefly avoided due to COVID-19, California once again is confronted with a Gann issue that can no longer be ignored. For taxpayers, the best outcome would be to let the Gann limit run its course and return money to taxpayers “by a revision of tax rates or fee schedules within the next two subsequent fiscal years.” Cal.Const., Art. XIIIB, Section 2(a)(2). This is consistent with the plain language of Gann and is more than warranted given California’s heavy tax burden. Related Articles Opinion Columnists | End the IRS’s worldwide tax grab Opinion Columnists | Mass deportations are bad for everyone’s liberties Opinion Columnists | The draconian penalties that Hunter Biden escaped affect people whose fathers can’t save them Opinion Columnists | California politicians suddenly discover inflation in aftermath of election Opinion Columnists | How California ranks as the most active political state But ACA 1 might prevent taxpayer refunds due to the change in treatment of transfers into the budget stabilization account. Under Gann, the state and local governments may create reserve accounts, like the BSA, but those transfers are subject to Gann’s spending limits. On the other hand, spending out of a reserve account is not so limited. As currently drafted, it appears that ACA 1 would exempt transfers out of the reserve account – currently permissible under Gann – but would also exempt appropriations into the BSA: Section (i) provides, “Transfers to the Budget Stabilization Account pursuant to this section do not constitute appropriations subject to limitation as defined in Article XIII B.” This appears to create a fund into which unlimited funds can be appropriated, guaranteeing that taxpayers will never get a refund of their tax dollars. There are better ways to address revenue volatility without injury to the goal of the Gann Spending Limit, which was enacted to provide a modicum of spending restraint in a state that doesn’t have any. California taxpayers need something more than a rainy day fund that’s all slush. Jon Coupal is president of the Howard Jarvis Taxpayers Association.Trump is making Americans richer by the day - and he's not even President yet: ALEX BRUMMER By ALEX BRUMMER FOR THE DAILY MAIL Updated: 22:00, 12 December 2024 e-mail 6 View comments The second coming of Trump horrifies many East and West Coast US liberals. Yet when older Americans examine their retirement investment portfolio, and Generation Z and millennials review gains made on the Robin Hood share platforms, they cannot but have conflicted feelings. Donald Trump’s alliance with fellow travelling conservative Elon Musk, embrace of deregulation and choice of laissez faire, anti-regulation hedge fund managers to key economic posts is making ordinary Americans richer. The possibility that his tariff agenda may eventually be embraced could make US citizens and the country poorer. Trade wars will raise the cost of living (barriers are a tax on imported goods) and fragment an already distorted global trading system. Business boost: Even before his arrival in the White House Time magazine has named the President-elect ‘Person of the Year’ for his ‘once in a generation political realignment’ Time magazine has named the President-elect ‘Person of the Year’ for his ‘once-in-a-generation political realignment’. Time might have added economic and financial realignment to the citation. Choices such as macro hedge fund guru Scott Bessent, nominated to lead the US Treasury, and Andrew Ferguson, to head the anti-trust Federal Trade Commission (FTC), where he has dissented on actions against big tech, delighted Silicon Valley. British investors have had something to cheer, too. A preference of UK fund managers for Wall Street over the Square Mile is hugely disappointing for FTSE 350 investors but has done wonders for those tracking S&P 500 and Nasdaq. It is no accident that in the hours after Ferguson was picked, the tech-dominated Nasdaq soared to a record 20,000 on Wednesday. There was a sigh of relief from Google parent Alphabet, Microsoft and Apple – all have been under intense scrutiny from departing FTC boss Lina Khan. Even though Trump is no fan of Big Tech, – bar Musk – there is a belief the upcoming anti-trust court case against Google, demanding the potential disinvestment of its Chrome search engine, will fizzle out. RELATED ARTICLES Previous 1 Next Labour's tax grab budget and broken promises on business... I'll just buy more robots - they don't WFH: Itsu tycoon... Share this article Share HOW THIS IS MONEY CAN HELP How to choose the best (and cheapest) stocks and shares Isa and the right DIY investing account It IS no surprise that Microsoft, Amazon and Meta Platforms, owner of Facebook and WhatsApp, have been among the biggest winners. Trump’s pick of Musk as ‘efficiency adviser’ is paying rich dividends. Forbes magazine, in its latest billionaires list, records that the value of Musk’s enterprises soared 71 per cent in 2024 to $440billion (£345billion) – making him considerably richer than Amazon founder Jeff Bezos. The value of pioneering EV maker Tesla stumbled earlier in 2024. But the shares were $419 last night, not far off their record high of £434. As for his rocket and satellite innovator SpaceX, it is now worth an astonishing £280billion. The £200million which Musk spent helping Trump to win the election is proving cash amazingly well spent. The $64billion question is to ask whether the Trump-Musk rally has run its course? So far Federal Reserve chairman Jay Powell has not yet chosen to emulate a predecessor, Alan Greenspan. At the height of the dot.com bubble in 1996, Greenspan expressed concern about ‘irrational exuberance’. It took another four years for that bubble to burst. But there must be a worry that sticky inflation, Trump tariffs and America’s public debt overhang will take its toll. Earlier this week, the Bank for International Settlements in Basel, Switzerland, warned that soaring amount of global government borrowing risks destabilising the financial system. It may soon be time to fasten the seatbelts. DIY INVESTING PLATFORMS AJ Bell AJ Bell Easy investing and ready-made portfolios Learn More Learn More Hargreaves Lansdown Hargreaves Lansdown Free fund dealing and investment ideas Learn More Learn More interactive investor interactive investor Flat-fee investing from £4.99 per month Learn More Learn More Saxo Saxo Get £200 back in trading fees Learn More Learn More Trading 212 Trading 212 Free dealing and no account fee Learn More Learn More Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. 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Pitt women's volleyball defeats Oregon in thriller to reach NCAA Tournament Elite 8CHARLOTTE, N.C. — Front Row Motorsports, one of two teams suing NASCAR in federal court, accused the stock car series Thursday of rejecting the planned purchase of a valuable charter unless the lawsuit was dropped. Front Row made the claim in a court filing and said it involved its proposed purchase of the charter from Stewart-Haas Racing. Front Row said the series would only approve it if Front Row and 23XI Racing dropped their court case. "Specifically, NASCAR informed us that it would not approve the (charter) transfer unless we agreed to drop our current antitrust lawsuit against them," Jerry Freeze, general manager of Front Row, said in an affidavit filed in the U.S. District Court of Western North Carolina. The two teams in September refused to sign NASCAR's "take-it-or-leave-it" final offer on a new revenue sharing agreement. All other 13 teams signed the deal. Front Row and 23XI balked and are now in court. 23XI co-owner Michael Jordan has said he took the fight to court on behalf of all teams competing in the top motorsports series in the United States. NASCAR has argued that the two teams simply do not like the terms of the final charter agreement and asked for the lawsuit be dismissed. Earlier this week, the suit was transferred to a different judge than the one who heard the first round of arguments and ruled against the two teams in their request for a temporary injunction to be recognized in 2025 as chartered teams as the case proceeds. The latest filing is heavily redacted as it lays out alleged retaliatory actions by NASCAR the teams say have caused irreparable harm. Both Front Row and 23XI want to expand from two full-time cars to three, and have agreements with SHR to purchase one charter each as SHR goes from four cars to one for 2025. The teams can still compete next season but would have to do so as "open" teams that don't have the same protections or financial gains that come from holding a charter. Freeze claimed in the affidavit that Front Row signed a purchase agreement with SHR in April and NASCAR President Steve Phelps told Freeze in September the deal had been approved. But when Front Row submitted the paperwork last month, NASCAR began asking for additional information. A Dec. 4 request from NASCAR was "primarily related to our ongoing lawsuit with NASCAR," Freeze said. "NASCAR informed us on December 5, 2024, that it objected to the transfer and would not approve it, in contrast to the previous oral approval for the transfer confirmed by Phelps before we filed the lawsuit," Freeze said. "NASCAR made it clear that the reason it was now changing course and objecting to the transfer is because NASCAR is insisting that we drop the lawsuit and antitrust claims against it as a condition of being approved." A second affidavit from Steve Lauletta, the president of 23XI Racing, claims NASCAR accused 23XI and Front Row of manufacturing "new circumstances" in a renewed motion for an injunction and of a "coordinated effort behind the scenes." "This is completely false," Lauletta said. Front Row is owned by businessman Bob Jenkins, while 23XI is owned by retired NBA Hall of Famer Jordan, three-time Daytona 500 winner Denny Hamlin and longtime Jordan adviser Curtis Polk. NASCAR had been operating with 36 chartered teams and four open spots since the charter agreement began in 2016. NASCAR now says it will move forward in 2025 with 32 chartered teams and eight open spots, with offers on charters for Front Row and 23XI rescinded and the SHR charters in limbo. The teams contend they must be chartered under some of their contractual agreements with current sponsors and drivers, and competing next year as open teams will cause significant losses. "23XI exists to compete at the highest level of stock car racing, striving to become the best team it can be. But that ambition can only be pursued within NASCAR, which has monopolized the market as the sole top-tier circuit for stock car racing," Lauletta said. "Our efforts to expand – purchasing more cars and increasing our presence on the track – are integral to achieving this goal. "It is not hypocritical to operate within the only system available while striving for excellence and contending for championships," he continued. "It is a necessity because NASCAR's monopoly leaves 23XI no alternative circuit, no different terms, and no other viable avenue to compete at this level."