News
Russia’s richest businessman tells Putin: Don’t take us back to 1917
“Firstly, it will take us again 100 years, to 1917, and the results of such a step — world mistrust of Russia on the a part of traders — we might expertise for a lot of many years,” he stated in a message posted on Norilsk Nickel’s Telegram account on Thursday.
“Secondly, the choice of many corporations to droop operations in Russia is, I’d say, considerably emotional in nature and should have been taken because of unprecedented stress on them from public opinion overseas. So almost definitely they’ll come again. And personally, I’d hold such a possibility for them,” he added.
Potanin is Russia’s wealthiest billionaire and nonetheless value about $22.5 billion, in response to Bloomberg, regardless of shedding a few quarter of his fortune this yr as shares in Norilsk Nickel crashed. The corporate’s shares misplaced greater than 90% in London buying and selling earlier than they have been suspended this month, regardless of hovering costs for its commodities.
Norilsk Nickel is the world’s largest producer of palladium and high-grade nickel, in addition to a serious producer of platinum and copper. The corporate and its main merchandise have escaped punishing sanctions imposed by Western international locations which have slammed the Russian financial system.
Dozens of American, European and Japanese corporations have deserted joint ventures, factories, shops, places of work and different belongings previously two weeks in response to Russia’s invasion of Ukraine and the sanctions. They have been joined by Goldman Sachs and JPMorgan on Thursday, the primary main Western banks to announce they’ll give up Russia fully because the disaster erupted in February.
Russian President Vladimir Putin stated Thursday that he backed a plan to introduce “exterior administration” of international corporations leaving Russia.
“We have to act decisively with these [companies] who’re going to shut their manufacturing,” Putin stated in response to a video posted by the Kremlin and aired on state media. “It’s vital, then … to introduce exterior administration after which switch these enterprises to those that need to work,” he added.
Russia’s shopper rights group has drawn up an inventory of corporations which have determined to depart and could possibly be nationalized, in response to a report in Russian newspaper Izvestiya later cited by state information company TASS.
The doc that was reportedly despatched to the Russian authorities and the Prosecutor Normal’s Workplace, contains 59 corporations, together with Volkswagen, Apple, IKEA, Microsoft, IBM, Shell, McDonald’s, Porsche, Toyota, H&M, and will be up to date with extra manufacturers, Izvestiya stated.
Potanin stated it wasn’t significantly expedient to speak about nationalizing Western belongings, however the Kremlin’s proposal might permit “homeowners to maintain property, and corporations to keep away from collapse, proceed to provide merchandise and pay cash to staff.”
“I perceive that in mild of the financial restrictions directed towards Russia, there could also be an comprehensible want to behave symmetrically,” he wrote. “However on the instance of Western international locations, we see that the economies of those international locations undergo from the imposition of sanctions towards Russia. We have to be wiser and keep away from a state of affairs the place retaliatory sanctions hit ourselves.”
He additionally referred to as for Russia to ease restrictions on international forex in order that curiosity could possibly be paid on international bonds and loans. In any other case, there was a threat the nation might default on its complete exterior debt, which he estimated at about $480 billion.
News
Mondale and Ford’s eulogies written for Carter read by sons at funeral
(FOX 9) – Former President Jimmy Carter’s state funeral was a somber time of remembrance, but also a celebration of a century of life, well-lived.
Funeral held for Jimmy Carter
Carter memorialized:
Former President Jimmy Carter’s state funeral was held on Thursday at the Washington National Cathedral.
Several speakers memorialized the 39th President who died in Dec. 2024 at age 100., including President Joe Biden.
Minnesota ties remembered as Carter’s VP’s words read during service
Eulogy deliver by son:
The words of Carter’s Vice President, Minnesotan Walter Mondale, were read by his son, Ted Mondale. Walter Mondale passed away in 2021.
“My father wrote this in 2015. He edited it a couple of times since then, but here we go,” said Ted. “I was surprised when then-candidate Gov. Carter asked me to join him as his running mate in 1976. He amazed me then as he has every year since.”
In the eulogy he left, he spoke about the Carter he knew as a selfless man of integrity and the how the two were bonded by the same faith.
“While we had only four years in the White House, he achieved so much in that time. It stood as a marker for Americans dedicated to justice and decency,” said Ted. “I was also a small-town kid who grew up in a Methodist church where my dad was the preacher, and our faith was core to me as Carter’s faith was core to him.”
Ford’s son speaks:
Former President Gerald Ford had also left a eulogy before he passed away in 2006. His son, Steve Ford, delivered the remarks.
He described a friendship that transcended politics.
“It was because of our shared values that Jimmy and I respected each other as adversaries, even before we cherished one another as dear friends,” said Steve.
And his written words remembered a man whose legacy remains timeless.
“A man whose life was lived to the fullest, with a faith demonstrated in countless good works, with a mission richly fulfilled, and a soul rewarded with everlasting life,” said Steve.
Final resting place::
Carter will be laid to rest in his hometown of Plains, Georgia.
News
Elon Musk Downplays the Role of Climate in L.A. Fires, Scientists Say
Elon Musk on Thursday inserted himself into the debate over the role climate change plays in wildfires as at least five fires scorched the Los Angeles area, charring entire neighborhoods, killing at least five people and forcing tens of thousands to flee.
“Climate change risk is real, just much slower than alarmists claim,” Mr. Musk wrote to his 211 million followers on X, the social media site he owns. He said the loss of homes was “primarily due” to “nonsensical overregulation” and “bad governance at the state and local level that resulted in a shortage of water.”
But scientists are clear: A warming planet, driven largely by the burning of fossil fuels, has created the conditions for increasingly destructive wildfires, along with more damaging hurricanes and other extreme weather.
Studies have found that extreme wildfires are getting more frequent and more intense, and fires are spreading faster, too.
“Wildfires have become larger and more frequent because of climate change in the Western part of the United States,” said Michael F. Wehner, a senior scientist at Lawrence Berkeley National Laboratory. Regarding Mr. Musk’s comments, he said, “I find the whole thing pretty alarming.”
Scientists are unable to say with certainty that any single weather event was caused by global warming. But coming off the hottest year in history, the Los Angeles area has received less rainfall since the start of the rainy season in October than almost any other year since record-keeping began in 1877.
That drought turned vegetation into ready kindling, and temperatures have been above normal, further drying out grasses and scrubs. At the same time, Santa Ana winds have been unusually ferocious, blowing as fast as 100 miles per hour.
Benjamin Hatchett, a fire meteorologist at the University of Colorado, said there have been dry starts in past years but the combination of drought and high winds is fueling more destruction.
“This is probably just a bad, unfortunate, confluence of events,” Mr. Hatchett said. “I would be very hesitant to immediately say this is climate change and I don’t think that’s the right message here.
But because of climate change, he said, “this is the kind of conditions we expect to see more of going into the future.”
President-elect Donald J. Trump, Mr. Musk and other Republicans have sought to politicize the wildfires, using it as a way to attack Democratic officeholders in California. Mr. Trump in particular has seized on environmental regulations, including federal and state protections for California’s endangered delta smelt fish. He falsely claimed that those regulations led to inadequate water availability for firefighting efforts.
Peter Gleick, co-founder of the Pacific Institute, a California research organization that focuses on water, said Mr. Trump was spouting “complete nonsense.”
“There’s no link between California’s water policies and efforts to protect endangered species and water availability for firefighters,” Mr. Gleick said. “They’re completely unrelated.”
He noted that Southern California reservoir levels, including ones that feed Los Angeles, are above normal for this time of year. “There’s no water shortage,” he said. “The real issue is that urban water systems are not built or designed to fight massive, urban wildfires.”
News
Live news: Los Angeles sheriff confirms wildfire looting arrests
Los Angeles firefighters have managed to contain three smaller wildfires, though the largest fires remain uncontained as the southern California region continues to navigate one of its most destructive natural disasters.
The Woodley, Sunset and Sunswept fires have all been contained as of Thursday morning, authorities said.
The Palisades fire has spread 17,200 acres as of Thursday morning. Los Angeles Fire Department chief Kristin Crowley said wind gusts were up to 60mph and expected to resume throughout the day. She estimated that thousands of structures had been damaged.
Los Angeles County Fire chief Anthony Marrone said growth of the Eaton fire had been “significantly stopped”, but the fire — which has spread to 10,600 acres — had not been contained and more than 1,000 structures had been damaged.
The third largest wildfire, Hurst, has spread 855 aces and has also not yet been contained.
Read more here
-
Business1 week ago
These are the top 7 issues facing the struggling restaurant industry in 2025
-
Culture1 week ago
The 25 worst losses in college football history, including Baylor’s 2024 entry at Colorado
-
Sports1 week ago
The top out-of-contract players available as free transfers: Kimmich, De Bruyne, Van Dijk…
-
Politics1 week ago
New Orleans attacker had 'remote detonator' for explosives in French Quarter, Biden says
-
Politics7 days ago
Carter's judicial picks reshaped the federal bench across the country
-
Politics5 days ago
Who Are the Recipients of the Presidential Medal of Freedom?
-
Health4 days ago
Ozempic ‘microdosing’ is the new weight-loss trend: Should you try it?
-
World1 week ago
Ivory Coast says French troops to leave country after decades