Friday, January 3

Tag: SYND

Australia’s Manufacturing Sector Likely on Track for a Soft Landing, PMI Data Shows
1Jan By adminNo Comments
World

Australia’s Manufacturing Sector Likely on Track for a Soft Landing, PMI Data Shows

SYDNEY—A slowdown in Australia’s manufacturing sector continued through December, with activity contracting over the month as the broader economy lost momentum due to the impact of higher interest rates.Still, the rate of slowdown is consistent with a soft landing for manufacturers in 2024, according to Judo Bank.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Xenophobia Drives Foes of Nippon Steel’s Deal
1Jan By adminNo Comments
Health

Xenophobia Drives Foes of Nippon Steel’s Deal

Election-year jitters have the Biden administration and a few swing-state members of Congress from both parties parroting union concerns about Nippon Steel’s takeover of U.S. Steel. The United Steelworkers union favored Cleveland-Cliffs’s offer, which was almost 50% lower than Nippon’s $14.1 billion bid. There is no real cause for concern other than xenophobia and the damage it could do to Cleveland-Cliffs’s position as the sole U.S. producer of electrical steel for transformers and electric vehicles. The rest is imported.Nippon’s steelmaking is at least as advanced as U.S. Steel’s, so technology export control isn’t an issue. National security could be a concern if American mills were shutting down due to unfairly subsidized Japanese exports to the U.S. But Nippon never used gimmicks to ...
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Big Tech Braces for Wave of Antitrust Rulings in 2024 
1Jan By adminNo Comments
Technology

Big Tech Braces for Wave of Antitrust Rulings in 2024 

U.S. antitrust cases against tech giants Google and Meta Platforms are expected to come to a head in 2024, likely producing long-awaited rulings that could shape the legacies of top Biden administration regulators.Silicon Valley and its critics have seen their patience tested on some of these cases. A U.S. antitrust case brought against Alphabet’s Google unit in 2020 went to trial in 2023 and now heads to closing arguments in May.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Israel’s Highest Court Strikes Down Controversial Law to Curb Its Power
1Jan By adminNo Comments
World

Israel’s Highest Court Strikes Down Controversial Law to Curb Its Power

By Carrie Keller-Lynn and Anat PeledUpdated Jan. 1, 2024 1:36 pm ETTEL AVIV—Israel’s highest court has struck down a controversial judicial overhaul law enacted last year by the government of Prime Minister Benjamin Netanyahu that would have limited the justices’ power.Israel’s Supreme Court ruled against a central piece of a judicial overhaul that Netanyahu was pushing before the war in Gaza erupted last October. The court struck down a law, which was passed in July and was akin to a constitutional amendment, that would have taken away the court’s powers to abrogate government decisions it deems to be “unreasonable in the extreme.”Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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John Fetterman Plays Against Type
1Jan By adminNo Comments
Business

John Fetterman Plays Against Type

West Mifflin, Pa.It’s a warm December morning, and Sen. John Fetterman is walking along the Great Allegheny Passage across the Monongahela River from his home in Braddock. “I spend as much time as I can out here,” he says of the trail, which runs 150 miles from downtown Pittsburgh to Cumberland, Md.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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PGA Tour, Saudi Deadline Passes With No Deal—but Talks Will Continue
1Jan By adminNo Comments
World

PGA Tour, Saudi Deadline Passes With No Deal—but Talks Will Continue

The stunning agreement last June between the PGA Tour and LIV Golf’s Saudi backers came with a deadline to hammer out a deal: the end of 2023. As New Year’s Eve came and went without a pact, the sides now say they are poised to continue negotiations into 2024. In a memo to players Sunday, PGA Tour commissioner Jay Monahan wrote that the goal remains to strike a finalized agreement—but it hasn’t happened yet. Instead, he said, there are “active and productive conversations” with Saudi Arabia’s Public Investment Fund and they are “working to extend our negotiations into next year based on the progress we have made to date.”Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Biden’s ‘Proportionate’ Defense of U.S. Troops Has Failed
1Jan By adminNo Comments
World

Biden’s ‘Proportionate’ Defense of U.S. Troops Has Failed

On Christmas Day, Defense Secretary Lloyd Austin announced that U.S. military forces conducted “proportionate” strikes against Iraqi militias that attacked and wounded American service members (“Biden Endangers U.S. Troops,” Review & Outlook, Dec. 27). The statement defines the equivocating, timid and wholly unsuccessful strategy of the Biden administration, but also of successive administrations for years.After nearly daily attacks on U.S. forces over months, resulting in dozens of wounded Americans, “proportionate” ought to have been revealed as having no deterrent value. It is past time for the U.S. to signal to those who attack our forces that they will pay disproportionately and severely. Continued attacks will see increasingly robust spankings. In this case, if the Iraqi governm...
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