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WASHINGTON (AP) — Donald Trump’s personnel choices for his new Cabinet and White House reflect his signature positions on immigration and trade but also a range of viewpoints and backgrounds that raise questions about what ideological anchors might guide his Oval Office encore. With a rapid assembly of his second administration — faster than his effort eight years ago — the former and incoming president has combined television personalities , former Democrats, a wrestling executive and traditional elected Republicans into a mix that makes clear his intentions to impose tariffs on imported goods and crack down on illegal immigration but leaves open a range of possibilities on other policy pursuits. “The president has his two big priorities and doesn’t feel as strongly about anything else — so it’s going to be a real jump ball and zigzag,” predicted Marc Short, chief of staff to Vice President Mike Pence during Trump’s 2017-21 term. “In the first administration, he surrounded himself with more conservative thinkers, and the results showed we were mostly rowing in the same direction. This is more eclectic.” Indeed, Secretary of State-designee Marco Rubio , the Florida senator who has pilloried authoritarian regimes around the world, is in line to serve as top diplomat to a president who praises autocratic leaders like Russia’s Vladimir Putin and Hungary’s Viktor Orban. Republican Rep. Lori Chavez-DeRemer of Oregon has been tapped to sit at the Cabinet table as a pro-union labor secretary alongside multiple billionaires, former governors and others who oppose making it easier for workers to organize themselves. The prospective treasury secretary, Scott Bessent , wants to cut deficits for a president who promised more tax cuts, better veterans services and no rollbacks of the largest federal outlays: Social Security, Medicare and national defense. Abortion-rights supporter Robert F. Kennedy Jr. is Trump's choice to lead the Health and Human Services Department, which Trump’s conservative Christian base has long targeted as an agency where the anti-abortion movement must wield more influence. Former Republican House Speaker Newt Gingrich allowed that members of Trump’s slate will not always agree with the president and certainly not with one another. But he minimized the potential for irreconcilable differences: “A strong Cabinet, by definition, means you’re going to have people with different opinions and different skills.” That kind of unpredictability is at the core of Trump’s political identity. He is the erstwhile reality TV star who already upended Washington once and is returning to power with sweeping, sometimes contradictory promises that convinced voters, especially those in the working class, that he will do it all again. “What Donald Trump has done is reorient political leadership and activism to a more entrepreneurial spirit,” Gingrich said. There's also plenty of room for conflict, given the breadth of Trump's 2024 campaign promises and his pattern of cycling through Cabinet members and national security personnel during his first term. This time, Trump has pledged to impose tariffs on foreign goods, end illegal immigration and launch a mass deportation force, goose U.S. energy production and exact retribution on people who opposed — and prosecuted — him. He's added promises to cut taxes, raise wages, end wars in Israel and Ukraine , streamline government, protect Social Security and Medicare, help veterans and squelch cultural progressivism. Trump alluded to some of those promises in recent weeks as he completed his proposed roster of federal department heads and named top White House staff members. But his announcements skimmed over any policy paradoxes or potential complications. Bessent has crusaded as a deficit hawk, warning that the ballooning national debt , paired with higher interest rates, drives consumer inflation. But he also supports extending Trump’s 2017 tax cuts that added to the overall debt and annual debt service payments to investors who buy Treasury notes. A hedge-fund billionaire, Bessent built his wealth in world markets. Yet, generally speaking, he’s endorsed Trump's tariffs. He rejects the idea that they feed inflation and instead frames tariffs as one-time price adjustments and leverage to achieve U.S. foreign policy and domestic economic aims. Trump, for his part, declared that Bessent would “help me usher in a new Golden Age for the United States.” Chavez-DeRemer, Trump promised, “will achieve historic cooperation between Business and Labor that will restore the American Dream for Working Families.” Trump did not address the Oregon congresswoman’s staunch support for the PRO-Act, a Democratic-backed measure that would make it easier for workers to unionize, among other provisions. That proposal passed the House when Democrats held a majority. But it’s never had measurable Republican support in either chamber on Capitol Hill, and Trump has never made it part of his agenda. When Trump named Kennedy as his pick for health secretary, he did not mention the former Democrat’s support for abortion rights. Instead, Trump put the focus on Kennedy’s intention to take on the U.S. agriculture, food processing and drug manufacturing sectors. The vagaries of Trump’s foreign policy stand out, as well. Trump's choice for national security adviser , Florida Rep. Mike Waltz, offered mixed messages Sunday when discussing the Russia-Ukraine war, which Trump claims never would have started had he been president, because he would have prevailed on Putin not to invade his neighboring country. Speaking on “Fox News Sunday,” Waltz repeated Trump’s concerns over recent escalations, which include President Joe Biden approving sending antipersonnel mines to Ukrainian forces. “We need to restore deterrence, restore peace and get ahead of this escalation ladder, rather than responding to it,” Waltz said. But in the same interview, Waltz declared the mines necessary to help Ukraine “stop Russian gains” and said he’s working “hand in glove” with Biden’s team during the transition. Meanwhile, Tulsi Gabbard, Trump’s pick for director of national intelligence , the top intelligence post in government, is an outspoken defender of Putin and Syrian President Bashar al Assad, a close ally of Russia and Iran. Perhaps the biggest wildcards of Trump’s governing constellation are budget-and-spending advisers Russell Vought, Elon Musk and Vivek Ramaswamy. Vought led Trump’s Office of Management and Budget in his first term and is in line for the same post again. Musk, the world’s wealthiest man, and Ramaswamy, a mega-millionaire venture capitalist, are leading an outside advisory panel known as the “Department of Government Efficiency.” The latter effort is a quasi-official exercise to identify waste. It carries no statutory authority, but Trump can route Musk’s and Ramaswamy’s recommendations to official government pathways, including via Vought. A leading author of Project 2025 , the conservative movement’s blueprint for a hard-right turn in U.S. government and society, Vought envisions OMB not just as an influential office to shape Trump’s budget proposals for Congress but a power center of the executive branch, “powerful enough to override implementing agencies’ bureaucracies.” As for how Trump might navigate differences across his administration, Gingrich pointed to Chavez-DeRemer. “He might not agree with her on union issues, but he might not stop her from pushing it herself,” Gingrich said of the PRO-Act. “And he will listen to anybody. If you convince him, he absolutely will spend presidential capital.” Short said other factors are more likely to influence Trump: personalities and, of course, loyalty . Vought “brought him potential spending cuts” in the first administration, Short said, “that Trump wouldn’t go along with.” This time, Short continued, “maybe Elon and Vivek provide backup,” giving Vought the imprimatur of two wealthy businessmen. “He will always calculate who has been good to him,” Short said. “You already see that: The unions got the labor secretary they wanted, and Putin and Assad got the DNI (intelligence chief) they wanted. ... This is not so much a team-of-rivals situation. I think it’s going to look a lot like a reality TV show.”Crypto industry jockeys for seats at Trump's promised council
Respiratory Sleep Monitoring Radar Market Insights: In-Depth Analysis of Key Players and Market Dynamics 11-23-2024 12:30 PM CET | Advertising, Media Consulting, Marketing Research Press release from: Valuates Reports Respiratory Sleep Monitoring Radar Market The global Respiratory Sleep Monitoring Radar market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of %during the forecast period 2024-2030. Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-35Z17457/Global_Respiratory_Sleep_Monitoring_Radar_Market_Research_Report_2024 Major Trends The global respiratory sleep monitoring radar market is experiencing significant growth, driven by the increasing prevalence of sleep disorders and the rising demand for non-invasive monitoring solutions. These radar systems utilize advanced sensor technology to monitor respiratory patterns, heart rate, and movement during sleep, providing accurate and real-time data for diagnosing and managing conditions such as sleep apnea and insomnia. The aging population, coupled with increased awareness of the health risks associated with sleep disorders, is further fueling demand. Additionally, advancements in radar technology and the integration of these systems into smart health devices are accelerating their adoption in both clinical and home care settings. Purchase Regional Report: https://reports.valuates.com/request/regional/QYRE-Auto-35Z17457/Global_Respiratory_Sleep_Monitoring_Radar_Market_Research_Report_2024 Trends Influencing the Growth of the Global Respiratory Sleep Monitoring Radar Market One major trend in this market is the shift toward home-based sleep monitoring systems. As consumers seek convenient and cost-effective alternatives to in-lab sleep studies, radar-based monitoring devices designed for home use are gaining traction. These systems offer reliable and non-intrusive monitoring, allowing users to track their sleep health from the comfort of their homes while providing healthcare professionals with essential data for analysis. The integration of artificial intelligence (AI) into respiratory sleep monitoring systems is another transformative trend. AI-powered algorithms enhance the accuracy of data interpretation, enabling early detection of abnormalities and improving overall diagnostic efficiency. This trend is driving innovation, as manufacturers aim to develop smarter, more intuitive systems that cater to diverse user needs. Wearable devices equipped with radar technology are also gaining popularity in the market. These devices combine portability with advanced monitoring capabilities, making them ideal for individuals seeking continuous, on-the-go sleep health tracking. The miniaturization of radar sensors has made it possible to embed these technologies into compact and lightweight devices, enhancing user convenience. Lastly, the adoption of radar sleep monitoring systems in hospital settings is on the rise. These systems provide real-time monitoring and high accuracy without physical contact, reducing the risk of infections and improving patient comfort. Hospitals and clinics are increasingly incorporating these technologies into their sleep disorder management programs, further boosting market growth. Respiratory Sleep Monitoring Radar Market Share The respiratory sleep monitoring radar market sees widespread adoption across regions. North America leads in usage due to the high prevalence of sleep disorders and advanced healthcare infrastructure. Asia-Pacific is rapidly growing, supported by increasing awareness and government initiatives promoting healthcare innovation. By Type •24Ghz Millimeter Wave •60Ghz Millimeter Wave By Application •Home Use •Campus Use •Hospital Use Key Companies Infineon, Seeed Studio, IfLabel, Zhejiang Uniview, Chuhang Technology, Beijing Qinglei, Changsha Microbrain, Hangzhou Hikvision Digital Technology Co., Ltd, Shenzhen Feirui, Wuhu Sensitaike View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-35Z17457/global-respiratory-sleep-monitoring-radar Please reach us at sales@valuates.com Address: Valuates, 4th Floor, Balaraj's Arcade, Whitefield Main road, Bangalore 560066 Valuates offers an extensive collection of market research reports that helps companies to take intelligent strategical decisions based on current and forecasted Market trends. This release was published on openPR.No. 22 St. John's, Georgia pack busy schedule with game on Sunday
GAINESVILLE, Fla. (AP) — DJ Lagway threw two touchdown passes, Montrell Johnson ran for 127 yards and a score, and Florida upset No. 9 Mississippi 24-17 on Saturday to knock the Rebels out of College Football Playoff contention. The Gators (6-5, 4-4 Southeastern Conference), who topped LSU last week, beat ranked teams in consecutive weeks for the first time since 2008 and became bowl eligible. The late-season spurt provided another vote of confidence for coach Billy Napier, who is expected back for a fourth season. Ole Miss (8-3, 4-3), which entered the day as a 10-point favorite, lost for the first time in four games and surely will drop out of the 12-team playoff picture. The Rebels ranked ninth in the latest CFP and needed only to avoid stumbling down the stretch against Florida and lowly Mississippi State to clinch a spot in the playoff field. But coach Lane Kiffin’s team failed to score in three trips inside the red zone and dropped countless passes in perfect weather. No. 2 OHIO ST. 38, No. 5 INDIANA 15 COLUMBUS, Ohio (AP) — Will Howard passed for two touchdowns and rushed for another, TreVeyon Henderson ran for a score and No. 2 Ohio State beat previously undefeated No. 5 Indiana. All Ohio State (10-1, 7-1 Big Ten, CFP No. 2) has to do now is beat Michigan at home next Saturday and it will earn a return to the Big Ten championship game for the first time since 2020 and get a rematch with No. 1 Oregon. The Ducks beat Ohio State 32-31 in a wild one back on Oct. 12. The Hoosiers (10-1, 7-1, No. 5 CFP) had their best chance to beat the Buckeyes for the first time since 1988 but were hurt by special teams mistakes and disrupted by an Ohio State defense that sacked quarterback Kurtis Rourke five times. Howard finished 22 for 26 for 201 yards. Emeka Egbuka had seven catches for 80 yards and a TD. No. 8 GEORGIA 59, UMass 21 ATHENS, Ga. (AP) — Carson Beck threw four touchdown passes, Nate Frazier ran for 136 yards with three scores and No. 8 Georgia overwhelmed Massachusetts as the Bulldogs tried to protect their College Football Playoff hopes. Georgia (9-2, No. 10 CFP) needed the big offense from Beck and Frazier to rescue a defense that gave up 226 rushing yards. UMass (2-9) played its first game under interim coach Shane Montgomery, the offensive coordinator who retained his play-calling duties after replacing fired coach Don Brown on Monday. Jalen John led the Minutemen with 107 rushing yards and a touchdown. Georgia extended its streak of consecutive home wins to 30, the longest active streak in the Football Bowl Subdivision. No. 10 TENNESSEE 56, UTEP 0 KNOXVILLE, Tenn. (AP) — Nico Iamaleava threw for 209 yards and four touchdowns to lead No. 10 Tennessee to a victory over UTEP. The Volunteers (9-2) overcame a sluggish start to roll up the impressive win. Both teams were scoreless in the first quarter, but Tennessee found its rhythm. Grad student receiver Bru McCoy, who hadn’t caught a touchdown pass this season, had two. Peyton Lewis also ran for two scores. Tennessee’s defensive line, which had no sacks in last week’s loss to Georgia, had three against the Miners. UTEP (2-9) struggled with two missed field goals and three turnovers. Tennessee’s offense came alive with 28 points in the second quarter. In the final four drives of the quarter, Iamaleava completed 11 of 12 passes for 146 yards and touchdowns to Squirrel White, Ethan Davis and McCoy. No. 11 MIAMI 42, WAKE FOREST 14 MIAMI GARDENS, Fla. (AP) — Cam Ward passed for 280 yards and threw two touchdowns to Jacolby George on another record-breaking day, Mishael Powell ran an interception back 76 yards for a touchdown and No. 11 Miami pulled away late to beat Wake Forest. The Hurricanes (10-1, 6-1 Atlantic Coast Conference, No. 8 College Football Playoff) can clinch a berth in the ACC title game with a win at Syracuse next weekend. Ward completed 27 of 38 passes, plus ran for a score. He broke two more single-season Miami records, both of which had been held for 40 years by Bernie Kosar — most passing yards in a season and most completions in a season. Ward now has 3,774 yards on 268 completions this season. Kosar threw for 3,642 yards on 262 completions in 1984. Demond Claiborne had a 100-yard kickoff return for a touchdown for Wake Forest (4-7, 2-5). Claiborne also rushed for 62 yards for the Demon Deacons, and starting quarterback Hank Bachmeier was 8 of 14 passing for 86 yards and a touchdown. No. 13 SMU 33, VIRGINIA 7 CHARLOTTESVILLE, Va. (AP) — Kevin Jennings threw for a career-high 323 yards and two touchdowns and ran for another, and No. 13 SMU clinched a spot in the Atlantic Coast Conference championship game by routing Virginia. Isaiah Smith and Jared Harrison-Hunte each had two sacks to help the Mustangs (10-1, 7-0, No. 13 CFP) extend their winning streak to eight. They would earn an automatic bid into the expanded College Football Playoff by beating 11th-ranked Miami or 17th-ranked Clemson in the ACC title game on Dec. 7 in Charlotte, North Carolina. SMU had to get there first, and Jennings led the way again, bouncing back from an interception and a fumble to complete 25 of 33 passes to six different receivers, including TD tosses to Jordan Hudson and Matthew Hibner. Brashard Smith provided a little balance on offense, running for 63 yards and his 13th touchdown of the season. SMU’s defense overwhelmed UVa’s offensive line, sacking Anthony Colandrea nine times and allowing the Cavaliers (5-6, 3-4) just 173 yards. Special teams contributed, too, with Roderick Daniels Jr. returning a punt 48 yards and Collin Rogers making two field goals. No. 24 ILLINOIS 38, RUTGERS 31 PISCATAWAY, N.J. (AP) — Luke Altmyer found Pat Bryant for a catch-and-run, 40-yard touchdown pass with 4 seconds left, sending No. 24 Illinois to a wild victory over Rutgers. Illinois (8-3, 5-3 Big Ten) was down 31-30 when it sent long kicker Ethan Moczulski out for a desperation 58-yard field goal with 14 seconds to go. Rutgers coach Greg Schiano then called for a timeout right before Moczulski’s attempt was wide left and about 15 yards short. After the missed field goal was waved off by the timeout, Illinois coach Bret Bielema sent his offense back on the field. Altmyer hit Bryant on an in cut on the left side at the 22, and he continued across the field and scored untouched in a game that featured three lead changes in the final 3:07. Rutgers (6-5, 3-5) gave up a safety on the final kickoff return, throwing a ball out of bounds in the end zone as players passed it around hoping for a miracle touchdown. Altmyer was 12-of-26 passing for 249 yards and two touchdowns. Bryant finished with seven receptions for 197 yards.
Empowered Funds LLC Buys 12,998 Shares of ARC Document Solutions, Inc. (NYSE:ARC)In a significant development, Bank of America's co-head of investment banking in India, along with two other bankers, has departed from the company. This follows an internal investigation into allegations of misconduct, as per a report from the Financial Times. The probe, initiated earlier this year, is examining whether Bank of America and its Asian investment banking division shared confidential information with select investors before the announcement of secondary stock offerings. The company has not provided any comments in response to inquiries from Reuters. (With inputs from agencies.)
NanoVibronix, Inc. (NASDAQ: NAOV) received a notice on November 19, 2024, indicating that the company no longer met the $2.5 million stockholders’ equity requirement for continued listing on The Nasdaq Capital Market. This latest deficiency notice, from the Listing Qualifications department of The Nasdaq Stock Market LLC, cited the company’s reported stockholders’ equity of $1,872,000 as of September 30, 2024. The previous non-compliance issue that NanoVibronix faced was failing to meet the $1.00 bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market. This triggered a potential delisting of the company’s securities unless a hearing was requested. While NanoVibronix is exploring all available avenues to regain compliance with the Nasdaq Listing Rules, the company cautions that there is no guarantee that the Panel will grant the requested extension for continued listing. Additionally, the company recognizes the uncertainty around its ability to evidence compliance within any granted extension period. NanoVibronix has taken steps to address the deficiencies and will continue to work towards meeting Nasdaq’s listing requirements to maintain its position on The Nasdaq Capital Market. More updates are expected following the upcoming hearing before the Panel. This report was signed on behalf of NanoVibronix, Inc. by Stephen Brown, the Chief Financial Officer, on November 22, 2024. This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read NanoVibronix’s 8K filing here . About NanoVibronix ( Get Free Report ) NanoVibronix, Inc, through its subsidiary, NanoVibronix Ltd., focuses on the manufacture and sale of noninvasive biological response-activating devices that target biofilm prevention, wound healing, and pain therapy. Its product portfolio includes UroShield, an ultrasound-based product to prevent bacterial colonization and biofilm in urinary catheters, enhance antibiotic efficacy, and decrease pain and discomfort associated with urinary catheter use. Featured Articles
The Liberal government announced a suite of affordability measures Thursday that Ottawa says aims to put more money in Canadian bank accounts, a move experts say is likely to boost Canada’s economy and could register with voters who are still feeling the pinch of a higher cost of living. Prime Minister Justin Trudeau was in Toronto to unveil a GST/HST “holiday” on select grocery items and other consumer goods ranging from video games to Christmas trees. He also announced the Working Canadians Rebate — a plan to send $250 cheques this spring to every individual who worked in 2023 and made up to $150,000. “We’ve been able to get through the past couple of years. Everyone had to tighten their belts a little bit, and now we’re going to be able to give a tax break for all Canadians,” Trudeau said Thursday. While inflation has cooled back to the Bank of Canada’s two-per cent target , the last few years of rising costs have left a mark on Canadians. Ipsos polling conducted exclusively for Global News in late August showed that more than six in 10 respondents (63 per cent) are concerned they wouldn’t be able to absorb any unexpected costs of $1,000 or more; that figure rises to 72 per cent among parents. Sahir Khan, executive vice-president of the Institute of Fiscal Studies and Democracy, tells Global News that recent easing inflation hasn’t necessarily made life easier as years of living with rising costs compound on Canadian families. But the latest measures also come as the governing Liberals fall far behind the challenging Conservative Party in the polls and affordability issues continue to top the list of voter priorities. Sending voters a cheque or showing them a tangible impact when they tap their card at the grocery store provides recognition that Canadians may associate with the Liberals, Khan says. That’s a political message that has been missing from the carbon pricing rebates, he notes. “The cheque in the hands of people, I think there’s an immediacy to it politically,” Khan says. “There’s an advantage of that very direct relationship between the entity that’s collecting your taxes and the one that’s paying you right back for it.” The reaction to the Liberal proposals on Parliament Hill was swift. NDP Leader Jagmeet Singh took credit for pressuring the Liberals into the “winter tax holiday,” while Conservative Leader Pierre Poilievre called the proposals a “tax trick.” Bloc Québécois Leader Yves-François Blanchet accused the Liberals of abusing the public purse to improve their position in the polls. “The Liberals have shown that when they need billions of dollars in order to literally buy votes, they find it,” he told reporters Thursday. Khan says that Canadians ought to be mindful of where the money is coming from heading into an election year. “We also have to remember, they’re kind of bribing us with our own money here, as governments like to do sometimes,” he says. “It’s a question of whether we value it and find it useful at the time, and, I imagine, remember it at the polls.” The Liberals claim that the GST holiday will amount to $1.6 billion in tax relief — in other words, forgone revenue for the federal government. Ottawa did not provide an estimate for how much the $250 cheques — dubbed the Working Canadian Rebate — will cost, though the Liberals said they expect the money will flow to an estimated 18.7 million Canadians. Royce Mendes, chief economist at Desjardins, estimates the total cost of the affordability package will be roughly $6.3 billion, or 0.2 per cent of Canada’s gross domestic product. He added in a note to clients Thursday that the spending could result in a “noticeable boost” to GDP growth in the first half of next year. BMO also pegs the fiscal costs of the new measures around $6 billion. Benjamin Reitzes, BMO’s director of Canadian rates and macro strategist, notes that the Ontario government’s plans to send out stimulus cheques early in the new year will ratchet the total fiscal boost up to 0.3 per cent of GDP in early 2025. As such, BMO is now raising its call for real GDP growth in the first quarter of next year to 2.5 per cent, up from 1.7 per cent before the announcement. The Liberal moves come as the Bank of Canada is well-entrenched in a monetary policy easing cycle. The central bank has so far delivered four interest rate cuts in a row as confidence grows that inflation is back under control. Trudeau claimed Thursday that the Liberal measures would not reaccelerate inflation, which ticked back up to two per cent in October, in line with the Bank of Canada’s target. He also credited the Liberals’ fiscal restraint and efforts to reduce the costs of dental and childcare in Canada as helping to rein in costs and set the central bank up for lower interest rates. “It allows us to make sure that we are putting money in people’s pockets in a way that is not going to stimulate inflation, but it’s going to help them make ends meet and continue our economic growth,” he said. Reitzes said in his note that headline inflation will take a noticeable dip during the GST holiday in December and January before accelerating in February and March. Mendes said that the sales tax exemptions will “mechanically lower inflation,” but the Bank of Canada will “look through” those effects and instead be more concerned about the impacts on growth and underlying price pressures. With expectations that the Liberal affordability measures could stimulate spending and economic growth, Mendes said he sees the central bank moving cautiously with 25-basis-point cuts heading forward. Both Reitzes and Mendes agreed that a larger, 50-basis-point cut like the one seen in October is likely off the table for the Bank of Canada’s final rate decision of the year in December. Asked about the sustainability of the proposed spending, Trudeau defended the government’s fiscal position. “Canada is on a solid footing. Our macro economy is doing well, but that’s why we’re choosing to put that in service directly of Canadians.” While Trudeau has touted the government’s declining debt-to-GDP ratio and other fiscal anchors, the Parliamentary Budget Officer has called into question the accuracy of the government’s projections. Last month, the fiscal watchdog said the Liberals were likely on track to miss pledges to cap the federal deficit at $40 billion in the last fiscal year. The PBO said in its economic and fiscal outlook that the federal government posted a $46.8 billion deficit for the 2023-24 fiscal year. It also projected that the deficit would decline to $46.4 billion in the current fiscal year — but that was before the latest slate of measures was announced. Khan says that the Liberal government, knowing it was likely to blow past its fiscal anchors, likely decided it was better to miss in a way that benefits the party and Canadians. “I think they’ve made that calculation that if you’re going to go past the $40 billion, you might as well do something that you think appeals to Canadians when the anxiety is kind of at its highest,” he says. “If they were going to go past it by $6 billion, as the PBO suggests, what’s the harm in going a little further?” Khan says that the measures are temporary and therefore unlikely to have a lasting impact on inflation. He adds that $6 billion in a $3-trillion economy is a “broadly” sustainable measure. He adds that one measure does not define the government’s entire fiscal track. The Liberals have yet to signal plans for a fall economic statement this year, and otherwise would have to present a more complete fiscal picture at the 2025 federal budget in the spring. The government may have other spending commitments that it will cut, Khan notes, and may be wise to consider leaving some of its “firepower” in reserve as signs of a softening economy and fears of trade wars bubble beneath the surface. Khan says that, after nearly 10 years in office, the Liberals also need to show they are committed to a new fiscal direction that will invest in growth rather than spend its way to a rising GDP. “Transfers to individuals alone, while they can solve a whole bunch of important problems, you do need an economic engine that’s generating wealth for people, but also for this government, too,” he says. “If you want progressive policies, you need to be able to pay for them.” — with files from The Canadian PressProcter & Gamble Co. stock underperforms Wednesday when compared to competitors despite daily gains
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