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The back-to-back combustible Senate confirmation hearings are over.

But Robert F. Kennedy Jr., President Donald Trump’s nominee for secretary of the Department of Health and Human Services (HHS), still faces crucial committee and full Senate confirmation votes in his mission to lead 18 powerful federal agencies that oversee the nation’s food and health. 

Testifying in front of the Senate Finance Committee on Wednesday and the Health Committee on Thursday, the vaccine skeptic and environmental crusader who ran for the White House in 2024 before ending his bid and endorsing Trump faced plenty of verbal fireworks over past controversial comments.

And while most of the tough questions and sparring over his stances on vaccines, abortion, Medicaid and other issues, came from Democrats on the two committees, Thursday’s hearing ended with the top Republican on the Health panel saying he was ‘struggling’ with Kennedy’s nomination.

‘Your past of undermining confidence in vaccines with unfounded or misleading arguments concerns me,’ GOP Sen. Bill Cassidy told the nominee.

The physician from Louisiana, who is a crucial vote and who has voiced concerns over Kennedy’s past stance on vaccines, asked whether Kennedy can ‘be trusted to support the best public health.’

And the senator told Kennedy, who seeks to lead key health agencies like the Centers for Disease Control and Prevention, the Food and Drug Administration, the National Institutes of Health and the Centers for Medicare and Medicaid Services, that ‘you may be hearing from me over the weekend.’

Kennedy faced two days of grilling over his controversial past comments, including his repeated claims in recent years linking vaccines to autism, which have been debunked by scientific research.

And Democrats have also spotlighted Kennedy’s service for years as chair or chief legal counsel for Children’s Health Defense, the nonprofit organization he founded that has advocated against vaccines and sued the federal government numerous times, including a challenge over the authorization of the COVID vaccine for children.

One of Thursday’s most heated exchanges came as independent Sen. Bernie Sanders of Vermont pushed Kennedy over his past of linking vaccines to autism.

Sanders stated that ‘vaccines do not cause autism’ and asked Kennedy ‘do you agree with that?’

After the nominee didn’t answer, Sanders responded, ‘I asked you a simple question, Bobby.’

Kennedy replied, ‘Senator, if you show me those studies, I will absolutely … apologize.’

‘That is a very troubling response because the studies are there. Your job was to have looked at those studies as an applicant for this job,’ Sanders said.

Later in the hearing, the two also clashed over political contributions to the pharmaceutical industry, with Kennedy referring to Sanders simply as ‘Bernie.’

‘Almost all the members of this panel, including yourself, are accepting millions of dollars from the pharmaceutical industry and protecting their interests,’ Kennedy said.

Sanders immediately pushed back, ‘I ran for president like you. I got millions and millions of contributions. They did not come from the executives, not one nickel of PAC [political action committee] money from the pharmaceutical [companies]. They came from workers.’

Another fiery moment came as Democrat Sen. Maggie Hassan of New Hampshire appeared to fight back tears as she noted her son’s struggles with cerebral palsy amid accusations that ‘partisanship’ was behind the Democrats’ blistering questions to Kennedy.

Hassan, who at Wednesday’s hearing charged that Kennedy ‘sold out’ to Trump by altering his position on abortion, on Thursday accused the nominee of ‘relitigating settled science.’

But many of the Republicans on the panel came to Kennedy’s defense, including conservative Sen. Rand Paul.

The ophthalmologist from Kentucky defended Kennedy and took aim at comments about vaccines not causing autism. 

‘We don’t know what causes autism, so we should be more humble,’ Paul said to applause from Kennedy supporters in the committee room audience wearing ‘Make America Healthy Again’ garb.

The 71-year-old Kennedy, a scion of the nation’s most storied political dynasty, launched a long-shot campaign for the Democrat presidential nomination against President Joe Biden in April 2023. But six months later, he switched to an independent run for the White House.

Kennedy made major headlines again last August when he dropped his presidential bid and endorsed Trump. While Kennedy had long identified as a Democrat and repeatedly invoked his late father, former Sen. Robert F. Kennedy, and his late uncle, former President John F. Kennedy – who were both assassinated in the 1960s – Kennedy in recent years built relationships with far-right leaders due in part to his high-profile vaccine skepticism.

Trump announced soon after the November election that he would nominate Kennedy to his Cabinet to run HHS.

Kennedy, whose outspoken views on Big Pharma and the food industry have also sparked controversy, has said he aims to shift the focus of the agencies he would oversee toward promotion of a healthy lifestyle, including overhauling dietary guidelines, taking aim at ultra-processed foods and getting to the root causes of chronic diseases.

‘Our country is not going to be destroyed because we get the marginal tax rate wrong. It is going to be destroyed if we get this issue wrong,’ Kenendy said Thursday as he pointed to chronic diseases. ‘And I am in a unique position to be able to stop this epidemic.’

The Finance Committee, which will decide on whether to send Kennedy’s nomination to the full Senate, has yet to schedule a date for a confirmation vote.

With Republicans controlling the Senate by a 53-47 majority, Kennedy can only afford to lose the support of three GOP senators if Democrats unite against his confirmation.

And besides Cassidy, two other Republicans on the Health Committee – Sens. Susan Collins of Maine and Lisa Murkowski of Alaska – are potential ‘no’ votes on Kennedy.

Collins on Thursday questioned Kennedy about vaccines, herd immunity as well as his views on Lyme disease. Kenendy pledged that there’s ‘nobody who will fight harder for a treatment for Lyme disease.’

A 50-50 vote in the full Senate would force Vice President JD Vance to serve as the tiebreaker to push the Kennedy nomination over the top, as the vice president did last week with the confirmation of another controversial nominee, now-Defense Secretary Pete Hegseth.

This post appeared first on FOX NEWS

President Donald Trump’s FBI director nominee Kash Patel sparred with Democrats on the Senate Judiciary Committee Thursday in his lengthy confirmation hearing, where he faced off with lawmakers on issues ranging from Trump’s pardoning of Jan. 6 rioters, his role in elevating a song released by the Jan. 6 inmate choir, and his previous call to shut down the FBI headquarters in Washington, D.C. 

He also answered questions about his views on QAnon and on his book, ‘Government Gangsters.’

Here were the four biggest clashes of the day.

Blumenthal: Patel’s actions giving ‘the appearance’ he has something to hide

Sen. Richard Blumenthal, D-Conn., blasted Patel for refusing to share his grand jury testimony from the probe into Trump’s handling of classified documents after leaving the White House.

The charges against Trump were dropped in Florida and New York after he won the presidential election, in keeping with a long-standing DOJ policy against prosecuting a sitting president.

Blumenthal told Patel on Thursday that refusing to share his remarks with the panel gave ‘the appearance’ that he is being less than transparent.  

‘The appearance here is that you have something to hide,’ Blumenthal told him. ‘I submit to my colleagues on the committee, we need to know what the grand jury testimony is … and you have no objection to our seeking it, but you won’t tell us.’

‘Even in a classified, confidential setting, I think that position is disqualifying,’ he said, before adding, ‘What are you hiding?’  ‘Why won’t you tell us?’

Patel declined to give a satisfactory answer. 

‘The appearance here is that you have something to hide,’ Blumenthal said.

Jan. 6 pardons

Sen. Dick Durbin, D-Ill., also traded barbs with Patel on Thursday over the president’s sweeping pardon and sentence commutations to the more than 1,500 defendants charged in the Jan. 6, 2021, Capitol riots.

Durbin, the ranking Democrat on the panel, asked whether Patel believed the U.S. is ‘safer’ after the mass pardons were granted, to which Patel attempted to equivocate the action to pardons issued by former President Joe Biden.

He told Durbin that he has ‘not looked at all 1,600 individual cases’ before adding, ‘I also believe America is not safer because of President Biden’s commutation of a man who murdered two FBI agents,’ Patel said, referencing Biden’s decision to commute the sentence of Leonard Peltier, a Native American activist convicted of murdering two FBI agents on a South Dakota reservation. 

The agents’ families, he said, ‘[D]eserve better than to have the man that point-blank range fired a shotgun into their heads and murdered them released from prison.’ 

‘So it goes both ways.’

The January 6 rioters, and their pardons, were a frequent topic of the hearing. 

J6 inmate choir, ‘Justice for All’

Sen. Adam Schiff, D-Calif., hit Patel with rapid-fire questions regarding his involvement in and promotion of a song recorded by the ‘J6 Prison Choir,’ a group of Capitol rioters, during their incarceration.

Patel shared the song, ‘Justice for All,’ on social media. He said that at the time he ‘did not know about the violent offenders,’ noting that he ‘did not participate in any of the violence in and around Jan. 6.’

In response, Schiff gave Patel a harsh public dressing-down over the violence and assault endured by the Capitol Police on Jan. 6, 2021.

‘Turn around and look at them,’ Schiff told Patel before motioning to the officers lined up for protection along the back of the room.

Patel declined to do so.

‘I want you to look at them if you can, if you have the courage to look them in the eye, Mr. Patel. Tell them you’re proud of what you did,’ Schiff said.

‘Tell them you’re proud that you raised money off of people that assaulted their colleagues, that pepper sprayed them, that beat them with poles. Tell them you’re proud of what you did,’ Schiff said, adding, ‘They’re right there. They are guarding you today.’

Booker doubles down on classified documents

New Jersey Sen. Cory Booker’s questions to Patel regarding any efforts by Trump to declassify documents after leaving the White House were among the most heated moments of the hearing. 

Booker, a New Jersey Democrat, asked Patel repeatedly whether he witnessed Trump handling documents marked as classified or moving to declassify them after leaving the Oval Office. 

‘In the name of all the values you have said today, did you or did you not testify to witnessing the president of the United States declassify documents?’ Booker asked, his voice rising several octaves.

Patel told Booker he did not know if the documents he saw being declassified at Trump’s Mar-a-Lago resort in Florida were seized by FBI agents in the special counsel probe, and he urged Booker to obtain them legally. 

‘The question is: Will you lie for the president of the United States?’ Booker said. ‘Would you lie for Donald Trump?’

‘No,’ Patel said.

Booker urged Patel to testify to the Senate over what he said to the grand jury.

It ‘would be utterly irresponsible for this committee to move forward with his nomination …  if we do not know that the future head of the FBI would break the law and lie for the president of the United States,’ Booker said.

‘He’s refusing the transparency that he claims to adhere to. He is refusing to be direct with the United States Senate,’ he continued.

‘Did he or did he not lie for the president? That is the question.’

This post appeared first on FOX NEWS

Tech giant Apple (NASDAQ:AAPL) released results for its first fiscal quarter of 2025 on Thursday (January 30), revealing a mixed performance marked by slight revenue beats and iPhone sales dips.

Revenue came to US$124.3 billion, a 4 percent annual rise, narrowly surpassing analysts’ estimates of US$124.12 billion. Earnings per share hit US$2.40, up 10 percent from the previous year and above projections of US$2.35.

iPhone sales reached US$69.1 billion, a slight decrease from the previous year and short of the estimated US$70 billion.

AI challenges, iPhone sales weigh on Apple

Apple’s trading patterns have been turbulent, mirroring the broader trend in the tech sector.

Shares pulled back earlier this month after the company receiving ratings downgrades from Jefferies and Oppenheimer, but fared fairly well on Monday (January 27), when the DeepSeek selloff affected markets.

Apple is up about 6 percent for the week, while its peer NVIDIA (NASDAQ:NVDA) is recovering from heavy losses.

“Apple obviously is taking a little bit more of an asset-light approach to artificial intelligence (AI), so they are not spending the capex and building the AI infrastructure like some of the other large internet companies are,” Barclays (NYSE:BCS,LSE:BARC) Managing Director Tim Long told CNBC’s Squawk Box.

Long added that Barclays analysts anticipated a “little bit of a reboot in strategy over the next year for AI offerings,” noting Apple Intelligence’s lack of success since its debut in June 2024.

Apple’s failure to impress users with its AI is coinciding with increased competition, particularly in China, where local brands are leveraging the company’s delayed AI rollout to gain market share, integrating AI into their newer models.

A January 13 report from Counterpoint Research shows that Chinese smartphone brands gained market share in 2024, while Apple’s iPhone 16 sales were mixed due to the lack of Apple Intelligence at launch.

The company has also been unable to lift a ban on the iPhone 16 in Indonesia, although Bloomberg reported last week that the company may be close to a deal to resolve the issue. Looking ahead, Apple plans to continue its global rollout of Apple Intelligence and expects revenue to grow in the low to mid-single digits in Q1.

Apple’s share price closed Thursday around 0.4 percent below its opening price, dropping off in the final hour of trading. After an initial fall after hours, Apple was up nearly 3.5 percent at the time of this writing.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Doctors say 2-year-old Habiba al-Askari has days to live as gangrene creeps up her arms and legs, and only an urgent medical evacuation out of Gaza may save her life.

She has a rare genetic condition: a protein C deficiency which causes excessive blood clotting and can lead to a slow death. The condition is highly treatable – but not in Gaza, where healthcare institutions and supplies have been decimated by Israel’s yearslong war in the Palestinian enclave.

Earlier this month, international aid groups worked through the complex process of obtaining permission from Israeli authorities to allow Habiba to leave Gaza for treatment.

Habiba is one of at least 2,500 children in Gaza in urgent need of medical evacuation, according to the UN. Under the recently signed ceasefire and hostage release deal between Israel and Hamas, which controls Gaza, Israeli authorities are supposed to increase the number of Gaza residents allowed out for treatment.

But no medical evacuations from Gaza have taken place for two weeks. The last evacuation was on January 16, when just 12 patients were evacuated to European countries, according to the World Health Organization. Approximately 12,000 people in Gaza are still awaiting medical evacuation, according to the UN.

Doctors warn of amputation

On Thursday morning, Habiba was admitted to an intensive care unit in Gaza with a suspected lung infection. Surrounded by foreign and local doctors scrambling to keep her alive, she lay barely conscious, moaning in pain between each labored breath.

Gangrene can lead to sepsis — an infection spreading to the bloodstream — that raises the risk of rapid organ failure and death.

Dr. Kuziez first treated Habiba several weeks ago, in Gaza City, and oversaw her care as medics waited for Israeli permission to move her south, a first step in the evacuation process.

But as soon as he landed back in the US, he received news of the dramatic deterioration in her condition. “I’m trying to be there to support the mom, to try and provide whatever medical advice we can provide,” he said, choking back tears.

“But in the back of my mind, I am worried it may have gotten too far. There’s still hope for her, but it’s just decreasing by the minute.”

He’s tormented by the knowledge that Habiba’s condition could have been treated in time, if she had had access to the right facility. When Dr. Kuziez left Gaza, he recalled, “my heart wanted to just take her with me in my arms and run across the border with her.”

Blocking her evacuation will be a death sentence, he warned. “For anybody with medical knowledge, it seems like a deliberate push to essentially kill this child. There’s no other way to describe it. This child needs emergency critical care.”

This post appeared first on cnn.com

Khamis and Ahmad Imarah knew they wouldn’t find much more than rubble when returning to their home in northern Gaza. But they had to go. Their father and brother are still buried under the debris, more than a year after their home was struck by Israeli forces.

“I don’t want anything else. What I am asking for is to find my father and brother and that’s it, that’s all.”

The Gaza Government Office said Wednesday that some 500,000 displaced Palestinians — almost a quarter of the enclave’s population — had made the journey to the decimated north in the first 72 hours after Israeli forces opened the Netzarim corridor, which separates it from the south.

The two Imarah brothers walked 11 kilometers (6.8 miles) to reach Al-Shujaiya, a treacherous journey they made with several small children. They found their home almost completely gone, with just one room still partially standing.

Rummaging through the rubble, Khamis came across his mother’s green knitting bag, with a couple of balls of yarn and two crochet hooks still inside, as if she had only just put it down.

Khamis and Ahmad’s mother was injured in an Israeli strike and was later evacuated to Egypt, one of the few Palestinians allowed to leave the strip to get medical treatment before Israel closed the Rafah crossing between Gaza and Egypt in May 2024. The United Nations Office for the Coordination of Humanitarian Affairs (OCHA) said that only 436 patients, most of them children, had been allowed to be evacuated since May, out of the estimated 12,000 who urgently need medical evacuation.

Israeli military strikes have turned most of Gaza to rubble. According to the UN, some 69% of all structures in the strip have been destroyed or damaged in the past 15 months, with Gaza City the worst hit.

Returning after more than a year

Israel forced most residents of northern Gaza to leave the area early in the war, issuing evacuation orders and telling people to move south. Once people left, return was impossible, meaning that most of those coming back this week are doing so for the first time in more than a year. And while nine in 10 Gaza residents have been displaced during the war, those forced to flee the north have been homeless for the longest.

“You enter from one neighborhood to another and it’s all mounds of rubble that have not been cleared … and there were martyrs on the way, on the road where, until today, no one has picked them up. There are fresh bodies and bodies that have (decomposed) as well,” Khamis said.

He urged others looking to make the journey back north to reconsider. “Because there is no water, no electricity or even food, no tents, you sleep in the rubble,” he said.

Mohammad Salha, director of Al-Awda Hospital in Tal Al-Zaatar, said there is currently no space in northern Gaza to establish camps for displaced people returning home. The area was densely built-up before the war and the enormous scale of damage means there are now huge mountains of rubble and debris everywhere.

The situation in the north is so dire that some of those who have made the journey have had little choice but to turn back and return to the refugee camps down south.

Arwa Al-Masri, who was displaced from Beit Hanoun in the northeastern corner of the strip, said the men from her family went home in the past few days to see what is left of their houses.

But while she and her children cannot yet go back to her home in the north — or what remains of it — Al-Masri’s stay at the shelter is also uncertain, because of impending bans on UNRWA operations within Israel and on the prohibition of Israeli authorities from cooperating with UNRWA.

‘No one is left’

Discovering that the place they once called home was almost completely gone was just the latest in a series of heartbreaks Khamis and Ahmad Imarah have suffered over the past 15 months.

The two brothers said that of the 60 members of their extended family, only 11 have survived the war.

The family fled Al-Shujaiya after receiving text messages from the Israeli military telling them to leave the area. Khamis said the whole family — his brother and sisters and their in-laws — went to his brother’s house in Al-Mughraqa, just south of the Netzarim corridor.

“It was afternoon prayers time when our house in Al-Mughraqa was hit by a strike. I still don’t know how I got out of the house,” he said.

At one point during the interview, Ahmad’s son Walid came by. Asked by his father where his mom was, the child pointed up to the sky.

“Why did they tell us to go south? Imagine a four-year-old boy telling you here is my mother and here is my aunt, (their bodies) all ripped in pieces in front of him. I covered his face and he was screaming. His aunts, and uncles, his grandfather and an uncle, no one is left,” he said.

“We were very happy. I wish I had a picture of my newborn but I don’t have any. I waited a long time to have my daughter and then her and her mom vanished together,” he said, adding that their graves were destroyed by the Israeli military just days after the family buried them.

“You take them and bury them in the cemetery and then when you go a few days later to see the cemetery, you don’t find them because they have been erased by the bulldozers. The (Israeli forces) didn’t leave anything. Even the martyrs and the bodies they have dug up. They didn’t leave a thing,” he said, looking around the destroyed neighborhood.

“We came back to the north for nothing,” he said. But he quickly added that he was determined to stay and rebuild. “I am from Gaza and I won’t leave. Even if it was harder and more difficult than this, I want to live in Gaza and I won’t leave it. I will only leave Gaza to go to Heaven,” he said.

US President Donald Trump last week suggested Gaza should be “cleaned out” by removing Palestinians living there to Jordan and Egypt — either on a temporary or permanent basis.

The comment sparked outrage and rebuke across the Middle East, with both Egypt and Jordan rejecting the idea.

“This is ingrained in our minds, we will stay. We will not leave this place, because this land is not ours but our grandparents’ and our ancestors’ before us. How am I supposed to leave it? To leave the house of my father, and grandfather and brothers?” he said.

This post appeared first on cnn.com

Secretary of State Marco Rubio embarks soon on his inaugural trip as the United States’ top diplomat. His first stop, Panama could prove to be the most contentious on the itinerary following President Donald Trump’s repeated demands for control of the Panama Canal.

“Panamanian sovereignty over the canal is clear. There is no discussion on this issue. The soul of a country is not up for discussion,” Panama President José Raúl Mulino emphasized on Thursday, just days ahead of his scheduled meeting with Rubio.

Yet the Trump administration doesn’t seem to be letting this go. In his inauguration speech, Trump mentioned Panama six times, more than any other foreign country. He and Republican allies are increasingly painting a dark scenario where the Panama Canal has secretly fallen under Chinese military control – arguing that’s why the US needs to seize the canal back from Beijing’s clutches.

“A foreign power today possesses, through their companies, which we know are not independent, the ability to turn the canal into a choke point in a moment of conflict,” Rubio himself insisted during his Senate confirmation hearings this month.

“That is a direct threat to the national interest and security of the United States,” he added.

As ominous as it all sounds, the reality is not so straight forward. Here is a fact check about claims Trump’s administration has made about the Panama Canal.

Is the Panama Canal under Chinese control?

Trump has long complained about the “bad deal” Jimmy Carter made when he returned the canal to Panama in 1977. But he’s been ratcheting up the rhetoric and falsehoods from the very start of his second term.

“Panama’s promise to us has been broken,” Trump said during his inaugural speech. “Above all China is operating the Panama Canal and we didn’t give it to China, we gave it to Panama and we are taking it back!”

On his Truth Social network, Trump has also claimed – without proof – that Chinese soldiers have been deployed to the canal and that “Panama is, with great speed attempting to take down the 64% of signs which are written in Chinese. They are all over the Zone.”

But the “Zone” – a former American enclave bordering the canal – hasn’t existed since 1979.

And if the scenario Trump describes sounds like the plot of a movie, well, it was. In the 2001 movie “The Tailor of Panama,” which starred Pierce Brosnan and Geoffrey Rush, the US invades Panama after receiving bogus intelligence that China is trying to secretly buy the canal.

In reality, since 2000 the canal has been operated by the Panama Canal Authority, whose administrator, deputy administrator and 11-member board are selected by Panama’s government but operate independently.

The majority of the canal’s employees are Panamanians and Panama designates which companies are awarded the contracts to run the ports near the canal. Ships transiting the 50-mile-long canal are required to be piloted by local captains that work for the Canal Authority.

While there is real concern about increased Chinese investment in Latin America, Panama included, to date there is no evidence of Chinese military activity in Panama. At his press conference on Thursday, Mulino said the US government has yet to provide his administration with any proof they had gathered of Chinese control of the canal.

So what does Rubio mean by ‘a foreign power’ in the Panama Canal?

The Trump administration seems to be pointing to the fact that Panama Ports – part of a subsidiary of the Hong Kong-based conglomerate CK Hutchison Holdings – operates terminals on the Atlantic and Pacific sides of the canal. So do several other companies.

Hutchinson was first granted the concession over the two ports in 1997 when Panama and the US jointly administered the canal. That same year, control of Hong Kong – where Hutchinson is based – was transferred from the United Kingdom to China.

While falling under Beijing’s sphere of influence, Hutchison is hardly some murky Chinese military front company. It’s publicly traded, not known to be on any US blacklists and their subsidiary Hutchinson Ports is one of the world’s largest port operators, overseeing 53 ports in 24 countries, including for other US allies such as the UK, Australia and Canada.

Crucially, Hutchison does not control access to the Panama Canal. Workers at their two ports only load and unload containers onto ships and supply them with fuel. And they’re not the only ones – three other ports in the vicinity of the canal are operated by competing companies providing similar services.

Since Trump’s comments, Panama’s government has announced an audit of the Hutchison-owned Panama Ports. The company says it is complying fully and has even invited Rubio to visit its ports.

The State Department would not comment if Rubio planned to accept the invitation to visit what the Trump administration has described – incorrectly — as a de facto Chinese military outpost in Panama.

Does the US have any legal standing to seize the Panama Canal?

Under the 1977 treaty with Panama, the US returned the canal with the understanding that the waterway remain neutral.

According to the agreement, the US could intervene militarily if the canal’s operations were disrupted by internal conflict or a foreign power. This seems to be what Trump is referencing when he threatens to “take the canal back.”

But it would be hard to argue that the waterway’s operations are disrupted or endangered. Following the expansion of the canal, which began in 2007 and Panama financed at a cost of more than $5 billion, more cargo than ever runs through the canal than it did during the years of US administration.

A US occupation of the canal would fly in the face of international law and the treaty the US agreed to.

Ok, but theoretically what would happen if the US tried to take the Panama Canal?

Since the 1989 US invasion that deposed dictator Manuel Noriega, Panama does not have an army but Panamanians are fiercely protective of the canal which is central to their national identity. And despite the saber rattling coming from the Trump administration, attempting to force the issue would pose major complications for two other top US priorities: migration and the economy.

The canal isn’t the only critical passageway that Panama controls. Threatening Panama militarily could throw open the Darien Gap, the jungle crossing where hundreds of thousands of migrants make their way north from South America to the US.

Mulino had promised to close the gap to northbound migrants with Trump’s help – but don’t count on him honoring old commitments if US boots touch Panamanian soil.

Americans would also feel the heat. At least 25,000 US citizens live in Panama who would likely be placed in harm’s way by any US military action to seize the canal. Disruption of the canal’s operations would likely send prices of US goods from automobiles to sneakers soaring – about 40% of US container traffic passes through the waterway.

And of course, backing out of a decades-old deal and trying to wrest the canal back by force from an ally would be a propaganda goldmine for Russia and China which have both called for maintaining neutrality in the canal.

Any US military action would also further inflame tensions in Latin America where mass deportations have already tested Washington’s partnerships in the region.

Trump’s dream of flying a US flag over the Panama Canal would come at a much higher cost than he appears to have calculated.

This post appeared first on cnn.com

When US President Donald Trump signed a recent executive order that would deny citizenship to the children of undocumented immigrants living in the United States, he took aim at what he suggested was a peculiarly American principle: Birthright citizenship.

“It’s ridiculous. We are the only country in the world that does this with the birthright, as you know, and it’s just absolutely ridiculous,” said the 47th president of the United States as he questioned a principle that some of his opponents say lies at the very heart of what it means to be called an American. For more than 150 years, the 14th Amendment of the Constitution has granted automatic citizenship to any person born on US soil.

As the courts moved to temporarily block his order, various media outlets pointed out that the president’s remarks were not entirely accurate. According to the Law Library of Congress, more than 30 countries across the world recognize birthright citizenship on an unrestricted basis – in which children born on their soil automatically acquire the right regardless of their parents’ immigration status.

Still, presidential hyperbole aside, the data from the Law Library does seem to suggest there is something particularly American (both North and South) about the idea of unrestricted birthright citizenship, as the map below shows.

Strikingly, nearly all of those countries recognizing unrestricted birthright citizenship are in the Western Hemisphere, in North, South, and Central America.

The vast majority of countries in the rest of the world either do not recognize the jus soli (Latin for ‘right of soil’) principle on which unrestricted birthright citizenship is based or, if they do, do so only under certain circumstances – often involving the immigration status of the newborn child’s parents.

So, how did the divide come about?

Brits to blame?

In North America, the ‘right of soil’ was introduced by the British via their colonies, according to “The Evolution of Citizenship” study by Graziella Bertocchi and Chiara Strozzi.

The principle had been established in English law in the early 17th century by a ruling that anyone born in a place subject to the king of England was a “natural-born subject of England.”

When the US declared independence, the idea endured and was used – ironically for the departing Brits – to keep out foreign influence, such as in the Constitution’s requirement that the president be a “natural-born citizen” of the US.

Still, it was not until the 1820s that a movement led by Black Americans – whose citizenship was not explicitly guaranteed at the time – forced the country to think seriously about the issue, according to Martha Jones, a professor of history at Johns Hopkins University.

“They land on birthright in part because the US Constitution of 1787 requires that the president of the United States be a natural-born citizen. So, they hypothesize that if there is such a thing as a natural-born citizen, they, just like the president, must be natural-born citizens of the United States.”

The principle would be debated for decades until it was finally made law in 1868 after the Civil War, which resulted in the freedom of enslaved Black Americans, and formalized by the 14th Amendment, which states: “All persons born or naturalized in the United States and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they reside.”

The economic incentive

But it wasn’t just the Brits in North America. Other European colonial powers introduced the idea in countries across Central and South America, too.

Driving the practice in many of these areas was an economic need. Populations in the Western Hemisphere were at the time much smaller than in other parts of the world that had been colonized and settlers often saw bestowing citizenship as a way to boost their labor forces.

“You had these Europeans coming and saying: ‘This land is now our land, and we want more Europeans to come here and we want them to be citizens of these new countries.’ So, it’s a mixture of colonial domination and then the idea of these settler states they want to populate,” said sociologist John Skrentny, a professor at the University of California, San Diego.

Later, just as the idea of ‘right of soil’ was turned against the Brits in North America, a similar reversal of fortunes took place in the European colonies to the south.

In Latin America, many newly formed countries that had gained independence in the 19th century saw ‘right of soil’ citizenship as a way to build national identity and thus further break from their former colonial rulers, according to the study by Bertocchi and Strozzi.

Without that principle, they reasoned, Spain could have claimed jurisdiction over people with Spanish ancestry who were born in former colonies like Argentina, said Bertocchi, a professor of economics at Universita’ di Modena e Reggio Emilia.

Right of soil to right of blood

So what about all those countries in other parts of the world that were also colonized by Europeans but today do not recognize the ‘right of soil’?

Many of them – particularly those in Asia and Africa – also turned to citizenship laws to send their former rulers a message.

However, in most cases these countries turned toward a different type of birthright citizenship that has its roots in European law: jus sanguinis (‘right of blood’), which is generally based on one’s ancestry, parentage, marriage or origins.

In some cases, this system was transplanted to Africa by European powers that practiced it, Strozzi and Bertocchi wrote in their study. But in other cases newly independent countries adopted it on their own accord to build their nations on an ethnic and cultural basis.

Doing so was a relatively easy change. As Skrentny points out, in many of these places the ‘right of soil’ had never become as ingrained as it had in the Americas, partly because their large native populations had meant the colonizers did not need to boost their workforces.

Jettisoning the ‘right of soil’ sent a message to the former colonists that “they didn’t want to hear any more of it,” said Bertocchi, while embracing the ‘right of blood’ ensured descendants of colonizers who remained in Africa would not be considered citizens.

“They all switched to jus sanguinis,” said Bertocchi. “It seems paradoxical, right? This time, to build a national identity, you needed to adopt this principle.”

So long, jus soli

There’s one final twist that helps explain why the ‘right of soil’ principle seems today to be a largely American affair.

Over the years, the colonial powers that once followed the ‘right of soil’ have since moved either to abolish or restrict its use, much like some of their former colonies.

In the UK, it was scrapped by the British Nationality Act of the 1980s, which put in place several conditions to qualify for British citizenship – including some that relate to parentage, as in jus sanguinis.

Experts say the driving force for those changes – in Britain and elsewhere in Europe – was the concern that migrants could take advantage of the system by entering the country with the intent of giving birth to a child with automatic citizenship. In other words, the same concern being voiced by many of Trump’s supporters in today’s United States.

This post appeared first on cnn.com

For those new to copper investing, keeping track of copper prices can be confusing. Below is a look at the different metals exchanges that copper investors should know about.

Copper traded on the London Metal Exchange (LME), or LME copper, is priced per metric ton (MT). COMEX copper, or contracts traded on the COMEX division, is priced per pound.

Both markets provide valuable information for copper market followers and copper stock investors. Here’s a short overview of both LME copper and COMEX copper, and why it’s key for investors to know what they are.

What is LME copper?

LME copper refers to copper traded in London on the London Metal Exchange, on which options and futures contracts for industrial metals are traded. The term LME copper may refer to spot LME copper prices or prices for futures contracts on the London exchange.

LME copper futures contracts may be set at up to three months with daily expiration dates, or between three and six months with weekly expiration dates. There are also longer contracts of up to 123 months.

The exchange also publishes daily reference prices for LME copper and other metals that are used by market participants. Overall, the exchange is predominantly used to either hedge or take on price risk.

LME copper contract prices are quoted in US dollars and are sold in lots of 25 metric tons. They can be settled via physical delivery between a network of LME-approved warehouses around the world. For this reason, LME copper may also refer to inventories of copper cathode in LME warehouses.

In addition to acting as a futures trading exchange and providing reference prices, the LME acts as a physical market of last resort for producers and consumers of a number of metals, including copper.

In other words, those in the copper industry may sell LME copper during oversupplied markets and draw on LME copper inventories in the event of a copper shortage.

Some market watchers look to rising and falling inventory levels on the LME as an indicator of global supply and demand conditions. However, it’s important to note that physical delivery is the exception, rather than the norm.

What is COMEX copper?

COMEX copper is copper traded on the CME Group’s (NASDAQ:CME) Commodity Exchange, abbreviated as the COMEX. The term COMEX copper can refer to both spot copper prices on the COMEX and copper contracts traded on the exchange.

Headquartered in New York, US, with offices all over the world, the COMEX is a commodities futures and options exchange similar to the LME. Both the NYMEX and the COMEX, which merged in 1994, are owned by CME Group.

As mentioned above, copper contracts are priced per pound on the COMEX. Listed contracts are available during the current calendar month, the next 23 calendar months and any March, May, July, September or December within a 60 month period of the current month.

Contracts are also block-trade eligible if the amounts are above minimum thresholds. These types of trades are privately negotiated and executed apart from the public market. They are only open to eligible contract participants as defined by the Commodity Exchange Act.

Copper cathode must meet specific chemical and physical requirements in order to trade on the COMEX. COMEX copper futures are settled via physical delivery upon expiration, but COMEX E-Mini copper futures are cash settled.

As with the LME, many banks, trading firms and commercial hedgers use COMEX copper for risk management purposes, and CME Group prides the COMEX on being a “global benchmark for copper prices” used by respected indexes such as the Bloomberg Commodity Index.

The importance of commodities exchanges

The LME and the COMEX are far from the only commodities exchanges on which copper is traded. The Shanghai Metal Exchange is another notable example, and with China being the largest consumer of refined copper at around 54 percent of global consumption, it is becoming increasingly important.

Still, prices for LME copper and COMEX copper contracts, as well as information on inventory levels, can be a valuable piece of the puzzle for those making investment decisions in the copper space. For example, those investing in copper stocks may want to look at whether a company’s mining project is likely to be economic at current and/or forecasted copper prices.

Securities Disclosure: I, Melissa Pistilli, hold no investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

The outlook for the graphite market is promising due to its usage in the battery industry and energy storage applications, as well as steel-making.

With China dominating the natural graphite market, synthetic graphite is poised to capitalize on rising demand for graphite in the technologies.

Understanding what synthetic graphite is and how it differs from natural graphite is important for investors, as each industry typically needs a specific type of graphite. Here’s a look at the synthetic graphite market and what it has to offer.

In this article

    What is synthetic graphite?

    Synthetic graphite is an industrial material that is artificially made from hydrocarbon precursors. It is able to withstand high temperatures and corrosion.

    Those points make it a great option for highly specialized industries that need predictable results from carbon materials, such as metal fabrication, solar panels, electric vehicle batteries and grid-scale energy storage systems.

    What are the uses of synthetic graphite?

    Synthetic graphite uses cover a variety of applications, including energy storage applications and steel manufacturing, and its particular uses are dependent on its form.

    Synthetic graphite typically comes in two forms: electrodes and graphite blocks. The form of synthetic graphite directly determines which industries it will be used in.

    • Electrodes: Synthetic graphite electrodes are primarily created using petroleum coke as a precursor and are almost exclusively found in electric-arc furnaces — these furnaces are used for melting steel and iron, and producing ferroalloys.
    • Graphite blocks: Synthetic graphite blocks, or isotropic graphite, are primarily used for energy storage in the solar industry. These blocks are made using the same petroleum coke process as electrodes, but differ slightly in the structure of the coke used.
    • Secondary synthetic graphite: Secondary synthetic graphite is a by-product material of synthetic graphite production, and it is typically yielded as a powder. This by-product is considered a low-cost graphite material and some forms of it can compete with natural graphite in applications like brake linings and lubricants.
    • Primary synthetic graphite: Primary synthetic graphite is typically manufactured in powder form and used for high-end lithium-ion batteries. However, it is more expensive to produce and can cost the same amount as manufacturing an electrode. Unlike its secondary counterpart, primary synthetic graphite is not a by-product material.

    How is high-performance battery-grade synthetic graphite made?

    Battery-grade synthetic graphite is made from heat-treating at very high temperatures a blend of lower purity carbon-based raw materials with coal tar pitch, petroleum coke or oil. This creates a uniform carbon structure suited for high performance, long-lasting electric vehicle batteries.

    Is synthetic graphite better than natural graphite?

    As for how synthetic graphite compares to natural graphite, synthetic graphite is purer than natural graphite in terms of carbon content and tends to behave more predictably. This makes synthetic graphite a better option than natural for use in high-performance applications that require higher efficiency and reliability such as lithium-ion batteries for electric vehicles.

    On the flip side, as the process is energy intensive, synthetic graphite production can be significantly more expensive than that of natural graphite, and the environmental impact of synthetic graphite is worse as well.

    ‘Synthetic graphite anode production can be over four times more carbon intensive than natural graphite anode production, due to its use of energy and fossil fuels as a feedstock,’ according to Benchmark.

    These higher economic and environmental costs for producing synthetic graphite has led graphite end users to substitute natural graphite for synthetic graphite in battery anodes.

    How big is the synthetic graphite market?

    The global synthetic graphite market size is expected to come in at US$3.41 billion in 2025, according to Mordor Intelligence, and is projected to growing at a CAGR of 6.83 percent to reach more than US$4.74 billion by 2030.

    In terms of overall graphite demand, Benchmark Mineral Intelligence expects to see a supply deficit from growth in the battery sector moving forward.

    As a whole, it appears graphite’s future is bright. However, synthetic graphite will still face somewhat of an uphill battle. For one, improvements in natural graphite purity are helping it enter the nuclear technology and high-end battery markets, which have typically been owned by synthetic graphite.

    Price will certainly continue to be a determining factor in the competition between natural and synthetic graphite. Data from S&P Global Market Intelligence shows that processing synthetic graphite is three times as energy intensive as processing natural graphite, which translates into higher costs for the artificial material.

    Going forward, higher synthetic graphite prices are expected, as are higher natural graphite prices, as demand rises and electric vehicle battery manufacturers vie for the limited supply outside of China.

    Synthetic graphite stocks

    The global synthetic graphite market is “partially consolidated” and dominated by a handful of major companies, according to a report by Mordor Intelligence. The top five players in this space are:

      Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

      This post appeared first on investingnews.com