How Sean Parker’s plan to help the poor boosted the rich
NAPA, Calif. — The Buena Vista tasting room is not just another downtown Napa wine bar.
It is a conspicuously indulgent place, where epicureans can fill their glasses with cabernet and sink into the carefully restored mezzanine’s dark velvet lounges for a tasting of fine caviar and artisan chocolates resembling museum pieces.
One vibe this nook of luxury does not give off is that of a community in distress. Its neighbor in the ornate 1920s Italianate edifice known as the Gordon Building is an Anthropologie store.
The redevelopment of the building, damaged in an earthquake, was bankrolled using a tax shelter created in 2017 for the wealthiest Americans on the promise it would bring opportunity to the most downtrodden places.
Billions of dollars’ worth of tax breaks for the wealthy are being generated by the Opportunity Zone program, often in pursuit of luxury high-rises, high-end hotels and swank office space. It has subsidized hulking self-storage units nestled alongside freeways and upmarket apartments for employees of the hottest Bay Area tech firms.
One thing the tax break has fallen short on: creating opportunities in low-income communities.
Opportunity zones were supposed to encourage investment in low-income communities. But billionaires are building luxury hotels and high-rises, instead.
“This has been perverted into a huge gift for people who did not need it,” said Aaron Seybert, managing director of social investment at the Kresge Foundation, which has found it difficult to put the tax break to work toward its effort to bring opportunity to America’s struggling communities.
“They are spending my money and yours. They said they would do that because these low-income areas are falling behind and they want to help people who live there,” Seybert said.
“The places I work in every day have raised virtually nothing” through the program, he said.
The same grievance can be heard from mayors of struggling towns throughout the nation. Among those declaring the program a bust is the East Baltimore pastor who went to the White House in 2018 to help President Trump unveil it. His community has been passed over as investors chase the double-digit returns that accompany the tax shelter in upscale markets.
The story of how this all happened has deep California roots, sprouting from the vision of a Silicon Valley billionaire who inserted himself into the machinations of federal policymaking.
The Opportunity Zone program was the vision of Silicon Valley billionaire Sean Parker, shown here in 2018.
(Michael Brochstein / Getty Images)
Sean Parker — founder of Napster, Facebook’s first president and the Silicon Valley bad boy depicted in the film “The Social Network” — seemed a stretch for this role.
Parker began working the Washington circuit late in the Obama era, when it was still hospitable to super-rich tech innovators but few had the patience or humility to navigate it. Washington is not about moving quickly and breaking things. Long, slow insider games of horse-trading precede almost every big new federal policy.
Yet Parker’s plan had bipartisan appeal. It focused on the wealth of Americans loath to reinvest their stock market, real estate and other capital gains profits because of the hefty tax bills that come when that money is moved. The idea was to give them a break on those taxes if they steered the money to communities desperate for investment.
“He really went to school on how Washington works,” said David Wessel, author of “Only the Rich Can Play: How Washington Works in the New Gilded Age,” which chronicles Parker’s quest and what became of the program he championed. “He hired a couple of Washington insiders, one a Democrat and one a Republican, and they created this think tank with the goal of getting Opportunity Zones into law…. They laid the foundation by making the case that we have a problem with geographic inequality in the United States, and it is not just incremental.”
Parker held private dinners with lawmakers of competing ideological loyalties, and he donated generously across the aisle.
“The idea initially sounded great,” said Rep. Ro Khanna, a Silicon Valley Democrat who had been approached by Parker to run the think tank, called the Economic Innovation Group. “I was quite enthusiastic about it.” Khanna passed on the job offer, as he was gearing up for a congressional run at the time, but once elected, he would join the push behind the tax break.
Downtown Napa’s Opportunity Zone.
(Gary Coronado / Los Angeles Times)
The historic Franklin Station postal building, a site proposed for a boutique hotel, is in downtown Napa’s Opportunity Zone.
(Gary Coronado / Los Angeles Times)
It allows investors to park their capital gains in Opportunity Zone projects. When they do, they can put off paying taxes on those gains for years, and cut that tax bill by as much as 15% when it does come due. The bigger draw: If they keep their money in the Opportunity Zone project for a decade, they don’t pay any taxes at all on the potentially large profits they make off that investment. The cumulative cost of the incentive is $1.6 billion in foregone tax revenue per year, which the Urban Institute says makes it one of the largest federal programs for steering investment into distressed places.
It seemed a price worth paying for even some progressive Democrats like Khanna if the end result was a flourishing of opportunity in the nation’s economic deserts.
But the California dreaming was disrupted by Washington deal-making. There was no hearing or any public vetting of the measure by lawmakers before it got quietly tucked into the Trump tax cut package of 2017. The final regulations were astoundingly permissive, full of provisions that allowed census districts in some of the nation’s wealthiest places to qualify as Opportunity Zones.
“It has not been used in ways that actually ended up creating jobs,” Khanna said. “It has been gamed.”
The money often has flowed to projects promising big financial returns that analysts — including those on then-President Trump’s Council of Economic Advisors — conclude would have happened without the tax break.
While Parker and his think tank remain bullish that with some tweaks Opportunity Zones will be the “Marshall Plan for the heartland” they promised, many erstwhile backers are angry about what the program has become.
Angel Barajas, a Yolo County supervisor, walks through an Opportunity Zone in Woodland, west of Sacramento, that he says has been left behind by the program.
(Gary Coronado / Los Angeles Times)
“Woodland needs housing, it needs infill development,” said Enrique Fernandez, the former mayor of the heavily Latino city west of Sacramento, which persuaded the state to designate two of its census tracts as Opportunity Zones. The tax break has drawn none of it.
“I am really skeptical about the true intentions of this law and how it was implemented,” Fernandez said.
The city of Woodland’s Opportunity Zone district is only an hour’s drive from Napa’s Gordon Building but is in a different universe economically, riddled with vacant lots and litter. It could be a ripe canvas for development as the nearby main street comes alive with new small businesses bolstered by home buyers and renters moving to the town in search of a cheaper alternative to Sacramento, but the tax break is doing nothing to speed that transition.
Jose Ahumada Ruelas gathers recyclables to help his daughter, who collects them for income, at Yolano Village, a low-income housing development in Woodland’s Opportunity Zone.
(Gary Coronado / Los Angeles Times)
On a recent tour of the area, local officials said the investment needed to revitalize the blighted swaths of their community might have come if lawmakers had made good on their promise to steer the incentives only to struggling communities.
There are 8,764 census tracts designated as Opportunity Zones nationwide. Only 16% of them attracted any projects in the gold rush for rich investors in the program’s first year, when the tax breaks were most lucrative, according to an April 2021 UC Berkeley report based on aggregate data from the IRS.
Nearly half the cash invested went to the richest 1% of Opportunity Zones — places that rarely fit the conventional definition of distressed. Data from the consulting firm Novogradac reveal California cities are getting more of that cash than anyplace else.
In Oakland, Opportunity Zone tax breaks are being used to build high-rise apartments on the waterfront; they’ll rent at market rate, far out of reach for most locals. The situation is the same in downtown Long Beach and in Los Angeles neighborhoods like Koreatown and Little Tokyo. In Portland, Ore., the tax break was used to build a Ritz Carlton hotel.
In January, Senate Finance Committee Chair Ron Wyden (D-Ore.) launched an investigation into several of these projects, including one in Palm Beach, Fla., where the incentive is being used to build a marina for “super-yachts.”
Todd Zapolski used the Opportunity Zone program to draw investors to his renovation of the Gordon Building in downtown Napa, which is now home to an Anthropologie store and a wine bar.
(Gary Coronado / Los Angeles Times)
The Gordon Building developer said its renovation was possible because downtown Napa qualified as economically distressed under the Opportunity Zone program.
(Gary Coronado / Los Angeles Times)
Back in Napa, the developer of the Gordon Building said the project will spur growth in a part of Northern California where underlying challenges of joblessness and housing affordability are obscured by the influx of wine vacationers. “We have some of the wealthiest in the country, and we have some of the poorest in the country,” Todd Zapolski said.
The landmark building was badly damaged in the 2014 South Napa earthquake, and Zapolski said repairing it was possible only because of the Opportunity Zone sweetener.
“We couldn’t make it work unless we had that incentive,” he said. “That gave us the extra oomph for investors to say, all right … we’ll take the risk.”
Parker declined to be interviewed, but the leader of the think tank he created took issue with scathing reviews of the program from community leaders, advocates and lawmakers who once saw promise in it. John Lettieri, president and chief executive of the Economic Innovation Group, said layering too many rules and restrictions onto the incentive would chase away investors.
“The trick is to get them to redeploy their capital without having to jump through bureaucratic hoops that would make it hard to access and leave communities in the same place they have been,” he said. “We were trying to create an incentive that can be relevant enough to a wide array of communities nationwide.”
States had broad authority on where to locate their Opportunity Zones, Lettieri said, and some were not judicious in drawing the maps. He said California, which drew the zones into some of the nation’s most wealthy enclaves, was one of the worst offenders.
California officials were not particularly invested in the federal program, which the Trump administration gave states scant time to shape or vet before they had to draw maps. The administration of then-Gov. Jerry Brown initially proposed an expedient process involving an algorithm. The federal rules were so permissive that the state’s draft maps included the campus of Stanford as an Opportunity Zone.
The downtown San Jose Opportunity Zone sits adjacent to the mega campus Google is building in the city.
(Gary Coronado / Los Angeles Times)
Stanford and some others were removed from the program, but other pricey ZIP Codes stayed in amid lobbying by local politicians, economic development agencies and builders.
But the state’s ambivalence about Opportunity Zones is clear in its refusal to match the federal tax break with a credit investors in the projects can also claim on their state taxes. Officials in Gov. Gavin Newsom’s administration signaled to developers they believe the tax break is a giveaway. New York lawmakers gave their own vote of no confidence after the tax break was put to use for luxury projects in some of New York City’s most expensive ZIP Codes. The tax shelter last year was stripped from New York’s tax code.
Even so, there are cases of truly distressed communities making use of the credit.
An organization called SoLa Impact says it is leveraging the incentive to buy run-down residential properties in underserved neighborhoods of South Los Angeles and rehabilitate them for low-income tenants.
No state has had a bigger impact on the direction of the United States than California, a prolific incubator and exporter of outside-the-box policies and ideas. This occasional series examines what that has meant for the state and the country, and how far Washington is willing to go to spread California’s agenda as the state’s own struggles threaten its standing as the nation’s think tank.
Before he was slain, Los Angeles rap star Nipsey Hussle had plans to use it to invest in businesses in Crenshaw. The Central Valley city of Merced is looking to the tax break to bring its downtown back to life.
The place boosters point to most often is across the country in Erie, Pa., a city that is emblematic of the Rust Belt’s economic collapse. Community leaders say the incentive is crucial to the development of 12 residential and retail projects that will reshape the downtown.
But for every dollar the federal government is investing in Erie through the tax break, it is spending several more in downtown San Jose, a place hardly hurting for capital. The Opportunity Zone there sits adjacent to the future home of a sprawling Google campus that is so big it will reshape the footprint of the downtown, bringing in thousands of highly paid tech workers.
They will be able to stroll to a glistening residential tower getting built with the incentive, where 1,000-square-foot apartments will rent for $4,250 per month. The developer, Urban Catalyst, is not required to set aside anything for affordable housing beyond what the city requires for any other project. The building will have an infinity pool.
The Fountain Alley development in downtown San Jose’s Opportunity Zone will feature “the largest rooftop restaurant and bar in Silicon Valley.”
(Gary Coronado / Los Angeles Times)
Erik Hayden, founder, of Urban Catalyst.
(Gary Coronado / Los Angeles Times)
On a tour of San Jose’s Opportunity Zone building boom, Urban Catalyst founder Erik Hayden walked journalists through the construction of another stylish structure getting renovated with the tax break, with soaring ceilings and windows the size of movie screens. It will be home to a swank indoor miniature golf course and cocktail bar inspired by Burning Man. The complex will also house a venue for ax throwing and craft beer drinking.
Asked how such projects fit into the program’s goal of uplifting left-behind communities, Hayden points to properties downtown that remain vacant and boarded up, as the rapid gentrification and flood of investment in this community hopscotches across blocks. “It feels to me like a left-behind community,” he said. “We’re building a variety of different things, all of which are needed by downtown.”
It is hard to reconcile these luxury buildings in San Jose with the stated vision of Parker and that of the lawmaker who was the lead champion for the tax break, Sen. Tim Scott of South Carolina, the Senate’s only Black Republican.
When Scott was invited to the White House in 2017 and asked by Trump how to make amends for the president’s remark that “there were very fine people on both sides” of the violent white supremacist rally in Charlottesville, Va., Scott secured Trump’s endorsement for Opportunity Zones.
The senator recounts in his book, “Opportunity Knocks,” how he made the pitch, telling Trump “that we must find fresh ways to alleviate the terrible poverty that is the source of so many of our ills — including the plague of racism.” Scott remains a proponent of the program, saying in a House hearing in November that the tens of billions invested in Opportunity Zone projects are, by the program’s definition, going to “low-income, high-poverty, racially diverse areas.”
The Paseo, a tech office space and retail building in downtown San Jose’s Opportunity Zone, will feature an indoor miniature golf course inspired by Burning Man.
(Gary Coronado / Los Angeles Times)
He pointed to new businesses in Columbia, S.C., an affordable housing development in Rockhill, N.C., and local enthusiasm for the program in Stockton. He acknowledged, though, that accurately measuring the tax shelter’s success is impossible, because there are no disclosure rules that allow taxpayers to learn “exactly what people are doing with the resources and the benefits and the incentives.” Scott says he wants more disclosure.
Those who have soured on the tax break say they have seen enough to know it is doing little to bring the country closer to Scott’s lofty goal of alleviating poverty and racism. But it is, they say, helping a lot of wealthy investors and developers of luxury properties.
One need only peruse the Lake Tahoe real estate ads for evidence.
Among the listings is an 8-acre property directly across the street from Heavenly Mountain Resort ski area. The price tag is $52 million. One selling point: The city has already greenlighted the property for a hotel or condos, shops and a large event space.
Another selling point: It is in an Opportunity Zone.
Shaqueel van Persie: Feyenoord forward handed debut by dad Robin van Persie
Robin van Persie says his decision to hand son Shaqueel a senior debut in Feyenoord’s Europa League defeat by Celtic was made “as a coach” and not out of sentiment.
The 19-year-old forward spent two seasons at Manchester City’s academy, before following in his father’s footsteps with a move to Feyenoord in 2017 and signing a first professional contract with the Dutch club in 2022.
Fast forward to 2025 and Shaqueel was named in Feyenoord’s first-team squad for the first time in Sunday’s Eredivisie defeat by NEC Nijmegen.
Four days later he made his senior debut, coming on in the 81st minute of Feyenoord’s Europa League loss to Celtic.
“I made that call as a coach, not as a dad because we needed a goal,” said former Arsenal and Manchester United forward Robin afterwards.
“Shaqueel is a player who can score a goal from all angles. That was the reason I brought him on.
“From a father’s point of view, when your son makes his debut that is always a special moment. But I wasn’t that busy with enjoying that moment, I was doing my work like Shaqueel was.”
The London-born teenager didn’t have chance to make an impact and had just one shot in Celtic’s box.
He came on with the score at 2-1, with Martin O’Neill’s side scoring their third a minute after his introduction.
“The way I see Shaqueel is as one of the players,” added Robin. “This is what we both agreed to a couple of years ago when we already worked together. Shaqueel was handling that really well, I am too in my opinion.
“Later on when we are home of course we will have a nice moment, when we are proud of each other. I am proud of Shaqueel because, like every player who makes his debut, there is a whole process going on before he made his debut. He worked hard, deserved it and, for him, is a special moment.”
Van Persie is not the first manager to give his son a debut as BBC Sport picks out some of the others, plus other father-son duos to have featured in the same team.
Macron launches voluntary military service amid tensions with Russia

Nov. 27 (UPI) — French President Emmanuel Macron announced on Thursday the creation of a new voluntary military service amid concerns about a possible confrontation with Russia.
Calling it an “act of trust in our youth,” Macron made the announcement in a speech to troops stationed at a base just outside of Grenoble in southeast France, the BBC reported.
The new service will launch next summer, offering monthly payments to recruits, mostly aged 18 and 19, of at least 800 euros, or about $930, a month for 10 months of training, according to the BBC.
“The only way to avoid danger is to prepare for it,” Macron said. “We need to mobilise, mobilising the nation to defend itself, to be ready and remain respected.”
The new initiative seeks to recruit 3,000 initial volunteers and steadily increase to 50,000 youth joining by 2035, “depending on evolving threats,” with volunteers having the option to stay in the military or become reservists, the Wall Street Journal reported.
“We can’t go back to the times of conscription, but we’re in need of mobilization,” Macron said.
Macron has actively sought to bolster Ukraine’s defense against Russia’s ongoing invasion. France recently signed a deal to sell Ukraine 100 advanced fighter jets. More broadly, Macron helped spearhead the creation of the so-called “Coalition of the Willing,” a group of 34 mostly European countries willing to offer more security backing to Ukraine.
In his speech, Macron did not call out Russia, but said he was launching the initiative “at a time when all our European allies are moving forward in the face of a threat that weighs on us all, France cannot remain immobile,” The New York Times reported.
Other European countries, including Germany, Denmark and Poland, have looked into ways to increase the ranks of their respective armed forces, according to the Times.
Speaking during a press conference on Thursday, Russian President Vladimir Putin dismissed the idea that he was planning to attack Europe.
However, the specter of a confrontation between Russia and France has loomed, according to the BBC.
Recently, Gen Fabien Mandon, France’s chief of staff, raised alarms when he said the French military was planning around the assumption of a conflict with Russia in the coming years.
Blood and Resources: How Great Powers Get Rich on Civil War
In the world’s most fragile states, war is no longer merely a political tragedy, it is an economic opportunity for those positioned to profit. From the mountains of northern Myanmar to the gold fields of Sudan, a common pattern has emerged: when governance collapses, external powers rush in to secure the minerals, metals, and strategic commodities that the global economy demands. These regions become places where human suffering and environmental destruction become collateral for uninterrupted flows of resources. Two cases stand out in late 2025, Myanmar’s rare earth boom, fueled by Chinese demand, and Sudan’s gold boom, powered by the United Arab Emirates, together reveal a disturbing truth about the global marketplace; world’s green and gold transitions are being built atop the ruins of countries trapped in conflict.
Myanmar: The Human Cost of a Resource Rush
In early 2025, a young man named Sian traveled deep into the mountains of Shan State, Myanmar, desperate for work in a country where the formal economy has collapsed and nearly half the population lives on less than two dollars a day. He was lured by rumors of wages unheard of in today’s Myanmar, $1,400 a month at new rare-earth mining sites run by Chinese companies in territory controlled by the United Wa State Army (UWSA), the most powerful of Myanmar’s ethnic armed groups. After hours riding a motorbike through dense forest, he arrived at a mine and was hired for a daily pay of about $21. His job was brutal: drilling boreholes and installing pipes for in-situ leaching, a method that involves pumping acidic solutions directly into mountainsides to dissolve and extract elements like dysprosium and terbium, metals that are vital for electric vehicles, wind turbines, advanced radar systems, and nearly every technology central to the green-energy revolution.
The process leaves behind poisoned rivers, contaminated soil, landslides, respiratory diseases, and entire villages unlivable. Researchers and civil society organizations have documented extensive damage: deforestation, chemically burned waterways, collapsed hillsides, and workers buried in mud after heavy rainfall liquefies the weakened terrain. “The toxic effects of rare-earth mining are devastating,” says political geographer Jasnea Sarma. “These communities endure the harm so that others may benefit.”
Yet the industry is thriving. China has cracked down on domestic rare-earth extraction due to environmental damage, but it has not reduced its demand. As a result, the extraction simply shifted across the border into Myanmar, where environmental regulations are weak, labor is cheap, and local armed groups, desperate for revenue, grant Chinese firms access in exchange for payments or profit-sharing.
Satellite imagery analyzed by Myanmar Witness and the Stimson Center shows hundreds of rare-earth mining sites exploding across Shan State, particularly in areas controlled by the UWSA and other China-aligned ethnic armies. Chinese customs data confirms the trend: between 2017 and 2024, roughly two-thirds of China’s rare-earth imports came from Myanmar. In effect, Myanmar has become the hidden engine of the world’s tech economy and its most toxic dumping ground.
For villagers, this boom is a slow-moving catastrophe. People report respiratory ailments, skin rashes from chemical exposure, and contaminated water sources. The deadliest risks are landslides triggered by aggressive deforestation and chemical injection into the hillsides. A 2024 study of rare-earth mining areas in Kachin State found extreme levels of ammonia, radioactive elements, and dissolved heavy metals in local waterways, conditions researchers describe as “entirely unsuitable for human consumption or agriculture.”
What makes Myanmar particularly vulnerable is not just poverty or geography, but political breakdown. Since the 2021 military coup shattered national governance, armed groups have expanded their autonomy, Chinese companies have expanded their presence, and Myanmar’s natural resources have been strip-mined with almost no oversight. In this vacuum, the global economy finds a steady supply of strategic minerals at the lowest possible cost, while local communities absorb the full environmental and human toll
How the UAE is Cashing In on Sudan’s War
If Myanmar reveals how civil wars feed the green-energy transition, Sudan reveals how they feed the financial one. Since April 2023, Sudan has been engulfed in a brutal war between the Sudanese Armed Forces (SAF) and the Rapid Support Forces (RSF). Amid mass displacement, ethnic cleansing in Darfur, widespread starvation, and one of the world’s worst humanitarian crises, another story has quietly unfolded: the UAE’s deepening role as the central hub for Sudan’s conflict gold.
Sudan is Africa’s third-largest gold producer, and gold has become the lifeblood of the RSF’s war machine. Investigations by the UN, Global Witness, and multiple governments show that the UAE has been the primary destination for Sudanese gold for years, even as the war intensified. Much of this gold is smuggled out of conflict zones in Darfur, Kordofan, and Blue Nile, which are areas where the RSF maintains control through massacres and forced displacement. Once the gold reaches Dubai, it is refined, laundered through opaque supply chains, and sold into global markets.
The UAE denies wrongdoing, but the pattern is unmistakable. Gold shipments spike when fighting escalates. The RSF’s ability to sustain operations depends heavily on gold revenues. And the UAE’s own global gold-trading infrastructure, built on lax regulations, low taxes, and discreet financial systems, makes it the ideal partner for armed groups seeking to convert looted resources into weapons and cash.
Sudan mirrors Myanmar in a darker way: where Myanmar supplies the materials for the world’s green future, Sudan supplies the materials for its financial present, stabilizing gold markets, supporting global luxury demand, and solidifying the UAE’s status as an international trading powerhouse. In both cases, the profits flow outward, while the devastation remains local.
Foreign Wars as a Business Model
The parallels between Myanmar and Sudan reveal a broader pattern of 21st-century extraction economics. War and political collapse weaken regulation, eliminate oversight, and create desperate labor pools. Armed groups become local gatekeepers, selling access to mines or smuggling routes. Foreign corporations and governments capitalize on the chaos to secure strategic resources cheaply.
In Myanmar, ethnic armed groups benefit from mining revenues while China secures rare earths vital for its technology sector. In Sudan, the RSF funds its military operations through gold smuggling while the UAE strengthens its global commodities market.
This model is not new. But the urgency of the green transition and the volatility of global commodity markets have made it more aggressive than ever. The world wants cheap inputs for clean energy, financial reserves, and technological superiority. Conflict zones deliver them, evidently at enormous human cost.
The Moral Cost of The Green and Gold Transitions
The stories of Sian in Shan State and the civilians trapped in Sudan’s war zones expose a deeper contradiction at the heart of global development. The world says it wants sustainable energy and ethical supply chains. Yet the materials needed for these transitions are often sourced from places where sustainability and ethics are impossible.
Myanmar, Sudan, Congo, Bolivia, and other resource-rich conflict states are the hidden foundation of modern life in first world countries. Their suffering directly creates the conveniences and technologies that wealthier countries take for granted.
Until the international community demands transparency, enforces sanctions on conflict-linked commodities, and insists that the green future not be contradictorily built on burned earth, Myanmar and Sudan will remain cautionary tales and examples of what happens when the world’s hunger for resources meets its willingness to ignore suffering.
Univision returns to YouTube TV after two-month standoff
Spanish language network Univision is back on YouTube TV after parent company TelevisaUnivision reached a new distribution agreement with the Google-owned streaming service.
TelevisaUnivision announced Wednesday that it has a multi-year “expanded partnership” with YouTube TV, which will carry the company’s U.S. networks including Univision, Unimas, TUDN and Galavisión on its base plan available to its 10 million subscribers.
The deal ends a two-month blackout of the channels, including Los Angeles flagship KMEX.
Under the new pact, YouTube will also make Univision’s subscription streaming service Vix available on its Primetime Channels hub.
“We are pleased to have reached an agreement that restores Univision to YouTube TV, ensuring millions of Hispanics can access the news, sports, and entertainment they care about and have relied on for over 70 years,” said Daniel Alegre, CEO of TelevisaUnivision, said in a statement.
YouTube TV had sought to move Univision’s channels to a more expensive Spanish-language add-on package, amounting to an 18% fee increase for customers.
Putting Univision on a higher-priced tier also would have cut into subscriber revenues, as the fees the networks received are based on the number of customers paying for the higher-priced tier.
The proposal became a major sticking point in negotiations, keeping the Univision channels off YouTube TV since Sept. 30 and drawing the attention of Washington. A number of legislators expressed concerns that consumers were being asked to pay more for Spanish-language programming.
YouTube TV was introduced in 2017 as a lower-priced alternative to cable and satellite packages. But the cost of programming goes up with every deal made to carry major networks, leading to blackouts and tense negotiations.
The Walt Disney Co.’s networks, including ESPN, were off YouTube TV for 10 days before the two sides could agree on a new carriage deal on Nov. 14.
NBCUniversal’s channels were also at risk of being pulled before a new deal was reached on Oct. 2.
The price of a YouTube TV subscription — $82.99 a month — has more than doubled since the service launched.
Russia vetoes UN resolution condemning its Ukraine invasion
WASHINGTON — Russia stood alone Friday to veto a U.N. resolution condemning its “brutal” invasion of Ukraine, killing the measure — for now. But all other members in the solemn session of the U.N. Security Council either voted in favor or abstained, testament to rounds of intensive diplomatic pleas by the Biden administration.
The U.S.-drafted measure, which demands the immediate, complete and unconditional withdrawal of the Russian troops battering Ukraine, was approved by 11 members. Most notably, China, thought to be in Moscow’s corner, abstained. So did two U.S. allies, India and the United Arab Emirates, in a disappointment for the U.S. Russia, as one of five permanent members, holds veto power, which it exercised.
That Russia’s “isolation” was so starkly drawn was hailed as a major victory by U.S. diplomats. And they vowed they will carry a similar resolution to the full 193-member General Assembly, where there are no vetoes and only a simple majority is needed to pass.
The U.S. ambassador to the United Nations, Linda Thomas-Greenfield, said that she was not surprised by the Russian veto but that it would not deter efforts to rebuke and stop Moscow’s aggression.
“Russia, you can veto this resolution, but you cannot veto our voices,” she said, looking directly at the Russian representative, Vasily Nebenzya, who, in one of the peculiarities of U.N. politics, was chairing the session as rotating president of the council.
“You cannot veto the truth,” Thomas-Greenfield continued. “You cannot veto our principles. You cannot veto the Ukrainian people. You cannot veto the U.N. Charter. And you will not veto accountability.”
Nebenzya, after the vote but with the council still in session, took Thomas-Greenfield and several other Western representatives to task for what they had condemned as egregious abuses and attacks on civilians by Russian forces.
“Who are you to moralize?” he said. Thomas-Greenfield looked back at him, stone-faced.
He and the Ukrainian ambassador, Sergiy Kyslytsya, also had testy exchanges. Nebenzya called his Ukrainian counterpart “boorish,” while Kyslytsya said Nebenzya and his comments accusing Ukraine of repression earned him a special “seat in hell.”
Friday’s vote followed senior U.S. diplomats’ intense lobbying of their counterparts from dozens of countries to back the resolution at the Security Council or at a possible later meeting of the full United Nations, where a similar condemnation could be brought.
Russia “will be shown to be isolated on the world stage,” State Department spokesman Ned Price said a couple of hours ahead of the vote.
Although the Americans were disappointed that India and the UAE did not join in the “yes” column, it was China’s decision to abstain that gave them particular relief.
Before Friday’s meeting, U.S. diplomats expressed the likelihood that Beijing would side with Moscow. They saw glimmers of hope, however: President Xi Jinping has been publicly measured in support for the invasion. Although he values a growing relationship with Moscow, he may also be reluctant to pick too bitter a fight with the U.S. and NATO.
The Chinese representative to the Security Council, Zhang Jun, explained his country’s vote saying that although China did not support violating the sovereignty of another nation, as Russia has done, the resolution might add “fuel to the fire” rather than contributing to a diplomatic path to peace. He also said Russia’s “legitimate security aspirations” had to be addressed.
“Ukraine should become a bridge between East and West, not an outpost for confrontation among major powers,” Zhang said.
Similarly, the UAE and India said that although they abhorred Russia’s actions, they feared the resolution would shut the door to diplomacy and dialogue. Both countries, especially India, also have strong ties to Russia.
The Security Council vote came after increased economic sanctions the Biden administration imposed on Russia on Thursday — and on Putin himself on Friday — which had been augmented by a series of measures by the European Union.
Rallying broader support for a condemnation of Russia, however, had been a surprisingly difficult task for U.S. diplomats.
Secretary of State Antony J. Blinken and his deputy, Wendy R. Sherman, as well as other officials, had been on the phone to counterparts from a host of nations, including Portugal, Turkey, Moldova, Israel and Saudi Arabia. Those efforts followed months of in-person and virtual consultations and warnings among allies about Russia’s designs on Ukraine.
India had been an especially prickly case. In addition to historical ties with Moscow, New Delhi in recent years has built a defense and diplomatic partnership with Washington.
But India was tepid in its initial response to Russia’s aggression. During a Security Council session that unfolded in New York on Wednesday night as President Vladimir Putin unleashed Russian troops on Ukraine, India’s representative called for de-escalation but did not condemn Moscow. So, while not a “yes,” India’s abstention Friday could have been worse, diplomats said.
A Biden administration official who briefed reporters on the U.S. strategy for the Security Council rejected any suggestion that the difficulty in putting together a united front reflected the impotence of consensus-based global organizations like the United Nations and especially the Security Council, where Russia and China are permanent members, along with the United States, France and Britain. Russia currently holds the rotating president’s seat on the council.
“It’s important that we send a message to Ukraine, to Russia and to the world that the Security Council will not look away,” said the official, who briefed reporters on condition of anonymity to discuss behind-the-scenes deliberations. “The council was established to respond to precisely this scenario: a stronger country waging war against a weaker neighbor in violation of the U.N. Charter and the principles of the U.N. Charter.”
But U.N. Secretary-General António Guterres, who spoke to reporters after the Security Council meeting, was clearly disappointed.
The United Nations “was born out of war, to end war,” he said. “Today that objective was not achieved.”
On Thanksgiving, Cleveland football team practices, then feasts on 180 eggs, 25 pounds of pancake mix
They came on electric bikes, skateboards, walked or were dropped off by car early Thanksgiving morning at Cleveland High in Reseda.
It’s championship week in high school football, and practicing on Thursday means teams are still alive and one win away from trophy time.
“Turkey day,” starting lineman Adam Garbisch shouted as he joined teammates for stretching.
In coach Mario Guzman’s football office, his wife, Elizabeth, volunteered to be the breakfast cook and worker. On Wednesday, Guzman purchased 15 dozen eggs, 25 pounds of pancake mix, 15 pounds of bacon.
“It comes out of my huge stipend at the end of the season,” Guzman said.
Elizabeth Guzman, wife of Cleveland football coach Mario Guzman, cracks one of 180 eggs Thursday morning to serve to players on Thanksgiving morning.
(Eric Sondheimer / Los Angeles Times)
His wife had already basted the family turkey the night before and now she was cracking 180 eggs with a smile and wearing plastic gloves. When she finished, she decided to take a brief break. “I need coffee first,” she said.
Cleveland is set to play San Fernando for the City Section Division II championship on Friday at 6 p.m. at Birmingham.
The wife of Cleveland football coach Mario Guzman, Elizabeth, is cracking 15 dozen eggs for Thanksgiving practice. City DII finalists. Cooking for 60 players. 25 pounds pancake mix. A new tradition at Cleveland. pic.twitter.com/4QAKZ0pjal
— eric sondheimer (@latsondheimer) November 27, 2025
You can tell the Cavaliers have created the culture of a championship team because players were running onto the field when they were late with no coaches around to tell them to hustle.
Across the Southland, similar scenes were happening in the Southern Section and City Section as teams prepare for their championship games on Friday and Saturday.
Elizabeth, who teaches pre-kindergarten children, was thrilled to be volunteering on Thanksgiving for her husband’s team.
“There’s nowhere else I’d rather be than here,” she said.
After breakfast following practice, she was set to rush home and put the family turkey in the oven.
This is a daily look at the positive happenings in high school sports. To submit any news, please email [email protected].
Former Peru President Pedro Castillo sentenced to 11.5 years in prison | Politics News
The decision follows Castillo’s failed 2022 bid to dissolve Congress and avoid a third impeachment attempt.
A court in Peru has sentenced former President Pedro Castillo to 11 years, five months and 15 days in prison for seeking to dissolve Congress.
The decision on Thursday came nearly three years after Castillo sought to disband the legislature on December 7, 2022, as he faced a third set of impeachment hearings.
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The first two attempts to impeach Castillo had been unsuccessful. But after he appeared on television to impose a state of emergency and suspend the legislature for eroding the rule of law, Congress swiftly voted for his removal. He was arrested the same day.
Castillo, a former teacher and union leader, was charged with rebellion and conspiracy against the state for his alleged power grab, which some have described as a “self-coup”.
A left-leaning, socially conservative politician from Peru’s rural north, Castillo had faced up to 34 years in prison at his sentencing.
Prosecutors in the case argued that Castillo aimed to undermine Peru’s Constitution with his actions. But at trial last week, Castillo denied the charges against him. Addressing his televised 2022 speech, he said he merely read out “a document without consequence”.
Castillo is part of a series of presidents in recent decades to face investigations and criminal charges in Peru. The country has had eight presidents within the last 10 years alone.
After his surprise victory in the 2021 presidential election, Castillo, now 56, was dubbed the country’s first “president of the poor“, given his working-class roots in the northern city of Puna. He had never previously held elected office.
His brief tenure, which lasted only around 16 months, was defined by frequent shake-ups among his top ministers and clashes with the opposition-led Congress.
Castillo’s arrest in 2022 sparked pushback from Indigenous residents and his rural base, members of which blocked roads, particularly in Peru’s south.
The unrest fuelled widespread, years-long protests across the country. His successor, former Vice President Dina Boluarte, oversaw a brutal crackdown of those demonstrations that left at least 50 people dead.
The Inter-American Commission on Human Rights has accused the government of using “disproportionate, indiscriminate and lethal use of force” in its response to the protests.
Boluarte, the country’s first female president, was subsequently impeached in October, amid concerns about rising crime and investigations into her behaviour. She has been replaced by the right-wing politician Jose Jeri, who previously was the head of Peru’s Congress.
Thursday’s sentencing caps a nine-month trial punctuated by a diplomatic rift.
During the court proceedings, the Mexican embassy granted asylum to Castillo’s former prime minister, Betssy Chavel, who was also facing charges related to the former president’s effort to consolidate power.
Peru’s government subsequently labelled Mexican President Claudia Sheinbaum, a vocal supporter of Castillo, “persona non grata”.
Castillo has been denied the possibility of serving his sentence under house arrest. Instead, he is slated to join several other former presidents at Barbadillo Prison in the capital Lima. The prison, situated at a police academy, was set up to hold convicted leaders who might face safety hazards in other detention facilities.
Detainees at Barbadillo include Ollanta Humala, who served as president from 2011 to 2016 and was sentenced to 15 years in prison this year for money laundering.
Alejandro Toledo, who served from 2001 to 2006, was sentenced last year to 20 years in prison for taking bribes. He too is at the prison.
And Martin Vizcarra, who was sentenced on Wednesday to 14 years in prison for bribery, was transferred there this week.
Guinea-Bissau’s deposed President Embalo arrives in Senegal after coup | Military News
Senegal’s Foreign Ministry says Umaro Sissoco Embalo arrived in the country a day after he was deposed in a military coup.
Published On 27 Nov 202527 Nov 2025
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Guinea-Bissau’s deposed president, Umaro Sissoco Embalo, has arrived in Senegal, the country’s Ministry of Foreign Affairs has confirmed, a day after a group of military officers in Guinea-Bissau seized power in a coup.
Senegal’s Foreign Ministry said in a statement on Thursday night that Embalo had arrived in Senegal after authorities engaged with actors in Guinea-Bissau to try to secure his release.
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Embalo reached Senegal on board an aircraft chartered by the Senegalese government, it said.
“The government of the Republic of Senegal reaffirms its readiness to work alongside ECOWAS, the African Union and all relevant partners, with a view to supporting dialogue, stability and the rapid restoration of constitutional order and democratic legitimacy in this brotherly nation,” the statement said.
Embalo was deposed on Wednesday after military officers announced they had seized “total control” of Guinea-Bissau ahead of the expected release of presidential election results in the West African nation.
Embalo had been vying for re-election against his main challenger, Fernando Dias. Both had declared victory ahead of the release of the provisional results.
But the main opposition PAIGC party was barred from presenting a presidential candidate, raising criticism from civil society groups, which said the election was illegitimate.
Dubbing themselves the “High Military Command for the Restoration of Order”, the military officers read out a statement on television on Wednesday, declaring that they had ordered the immediate suspension of the electoral process “until further notice”.
They also ordered the closure of Guinea-Bissau’s borders and an overnight curfew.
On Thursday, General Horta Inta-A was sworn in as the country’s transitional president, defending the military takeover by saying that there had been “sufficient [evidence] to justify the operation”.
But the coup – one of several to hit Guinea-Bissau since the country gained independence from Portugal in 1974 – has spurred widespread concern, including from regional bodies.
The chairperson of the African Union Commission condemned the situation earlier on Thursday, calling for the immediate and unconditional release of Embalo and all other detained officials.
Mahmoud Ali Youssouf also urged “all parties to exercise the utmost restraint in order to prevent any further deterioration of the situation”.
I’m A Celebrity fans ‘work out’ who’ll leave as first public vote-off confirmed
I’m A Celebrity will air the first elimination of the series on Friday with a group of campmates facing the public vote, as confirmed by hosts Ant McPartlin and Dec Donnelly
22:50, 27 Nov 2025Updated 22:50, 27 Nov 2025

As the first vote-off of this series of I’m a Celebrity draws closer, fans think they already know who will be sent home.
After a live trial on Thursday, hosts Ant and Dec confirmed which stars were up for the axe. Jack Osbourne, Alex Scott, Angry Ginge, Aitch, Martin Kemp, Ruby Wax and Kelly Brook all lost out on immunity after a series of challenges.
Controversially, Aitch and Ginge were told both of them would be up after they spilled too much liquid in the drinking challenge. In a trial that saw tension and plenty of vomit, stars including Jack and Kelly learned they could be leaving the jungle forever the next day.
But fans think they already know amid the vote opening who will leave first. Viewers repeated the same two names as the possible stars facing leaving camp.
Kelly and Alex were repeatedly named by viewers on X, with them predicted to be leaving the show. One fan said: “I think Alex or Kelly will go tbh.”
READ MORE: Shona and Aitch ‘very cosy’, says I’m A Celebrity co-star amid romance claimsREAD MORE: I’m A Celebrity’s Vogue and Kelly ‘no longer friends’ as they face jungle showdown
Another agreed: “I think Kelly or Alex will be the first person out,” as a third said: “Kelly out first.” A fourth viewer said: “I think it’ll be Kelly or Alex who go tomorrow,” while a further comment read: “Alex or Kelly to go first I think.”
It comes as hosts Ant and Dec commented on campmates Shona McGarty and Aitch being “very cosy” amid romance rumours. On Wednesday night, scenes saw the pair messing around, and Dec was quick to comment.
After Kelly Brook suggested a pillow fight in camp, the pair were seen rolling around and falling to the floor. Shona was leaning on Aitch as the pair laughed, with fans suggesting they were “looking into each other’s eyes”.
Aitch commented on his time in camp being “lovely” with him “seeing the beauty of it”, with a smirk on his face – just as the camera panned to him staring at Shona. Fans were sure he was talking about his time with Shona.
Speaking live on air at the end of Wednesday’s episode, Dec said to Ant: “Getting very cosy aren’t they,” before smirking. Ant then said back: “Well some of them are…”
Viewers also had their say after the playful scenes. Some fans even suggested Aitch deliberatly lost to be in the loser camp with Shona, with many viewers “rooting” for their possible romance.
One fan said: “Aitch and Shona ready for that Christmas love.” Another agreed: “Are we witnessing the chemistry between Aitch and Shona? You can feel the love.”
A third fan said: “Aitch and Shona are so cute and I am SO HERE FOR IT,” as a fourth added: “I know Aitch lost on purpose to be with Shona I just can’t prove it.” A fifth said: “I’m so rooting for Aitch and Shona.”
Another fan commented: “Aitch and Shona staring into each others eyes.” It’s not just fans who seem to be rooting for the pair though, with friends and family also commenting.
Aitch’s close pal and manager said the pair could make a “nice couple”. Shona’s sister Camila had her say too, and said: “He is a nice guy… I would definitely have him around for Christmas.”
Shona broke up with her musician fiancé, David Bracken, earlier this year. Insiders say the split is amicable, and he recently wished her all the best for the jungle on social media.
Romance talk started after Aitch spoke about Shona to Ginge in the camp. He said: “I’ve got a bit of a soft spot for Shona, me.” Ginge replied: “I think she’s really nice, if that’s what you mean, yeah?” Keeping things low-key, Aitch commented: “Yeah, that’s what I mean…”
I’m A Celebrity 2025 airs every night at 9PM on ITV1 and ITVX. * Follow Mirror Celebs and TV on TikTok , Snapchat , Instagram , Twitter , Facebook , YouTube and Threads .
Juul took a page from Big Tobacco to revolutionize vaping
By the time Juul’s co-creator stood before a tech audience in April 2016, ads for the e-cigarette aimed to distance the product from a toxic past: “Our company has its roots in Silicon Valley, not in fields of tobacco.”
But when James Monsees, a soon-to-be billionaire, projected a 30-year-old tobacco document on the screen behind him, he grinned. It was an internal memo from the research troves of R.J. Reynolds, the maker of Camel cigarettes. It was stamped “SECRET.”
“We also had another leg up,” Monsees said.
A review by the Los Angeles Times of more than 3,000 pages of internal Juul records, obtained by the Food and Drug Administration and released to a researcher through the Freedom of Information Act, found that the concept behind the formula that makes Juul so palatable and addictive dates back more than four decades — to Reynolds’ laboratories.
The key ingredient: nicotine salts.
Juul’s salts contain up to three times the amount of nicotine found in previous e-cigarettes. They use softening chemicals to allow people to take deeper drags without vomiting or burning their throats. And they were developed based on research conducted by the tobacco companies Juul claimed to be leaving behind.
In addition to the internal documents, The Times consulted more than a dozen tobacco researchers, policy experts and historians, and reviewed patent applications and publicly available videos of Juul’s founders discussing their product over the course of a decade. One of those videos has since been removed from YouTube.
Taken together, the evidence depicts a Silicon Valley start-up that purported to “deconstruct” Big Tobacco even as it emulated it, harvesting the industry’s technical savvy to launch a 21st century nicotine arms race.
In multiple conversations with The Times, Juul did not directly address assertions that the company embraced the very industry it sought to dismantle. A spokesperson for Juul acknowledged that the product intentionally “mimicked” the nicotine experience of a traditional cigarette, but explained that the formula was designed that way in order to satisfy the cravings of adult smokers, not children.
“We never designed our product to appeal to youth and do not want any non-nicotine users to try our products,” a spokesperson for Juul said in a statement to The Times. “We are working to urgently address underage use of vapor products, including Juul products, and earn the trust of regulators, policymakers, and other stakeholders.”
After extensive lobbying by the vaping industry and its allies, President Trump this month missed the deadline he set to ban vaping flavors, despite mounting public complaints over their attractiveness to teenagers, and it’s now unclear whether the administration will take any action. On Monday, California Atty. Gen. Xavier Becerra and Los Angeles officials announced a lawsuit against Juul, alleging it engaged in deceptive practices with kid-friendly advertising and a failure to issue health warnings.
But a new generation of nicotine addicts has already been established, and health experts warn that millions of teenagers who currently vape could ultimately turn to other products like cigarettes for their fix.
“Reynolds successfully engineered this formula, but it was Juul that ultimately vaporized it — and achieved what Big Tobacco never could,” said Robert Jackler, a Stanford University researcher focused on teenage e-cigarette use. “They studied Reynolds literature, took advantage of it, and addicted a new generation of American youth.”
Making nicotine more palatable
In February 1973, a researcher at Reynolds saw a conundrum: While cigarettes had wide appeal to adults, they would never become “the ‘in’ products” among youths.
For a teenager, the physical effects of smoking were “actually quite unpleasant,” Claude E. Teague Jr., who is now deceased, wrote in a confidential internal memo.
“Realistically, if our company is to survive and prosper, over the long term, we must get our share of the youth market,” he wrote. “There is certainly nothing immoral or unethical about our company attempting to attract those smokers.”
Reynolds had known for two decades that its product caused cancer. Still, one of the company’s top researchers, Frank G. Colby, pitched a design late in 1973 that would secure “a larger segment of the youth market” by packing “more ‘enjoyment’ or ‘kicks’ (nicotine)” and softening the chemical’s harsh effect on the throats of young smokers.
By boosting nicotine, the addictive chemical, the company could generate faster and more intense addictions among the youngest clients, securing decades of business. But a key challenge was to make nicotine palatable: The chemical had been used as an insecticide since colonial times, and three drops on the tongue could be lethal, according to Robert Proctor, a cigarette historian at Stanford. People couldn’t inhale hefty doses without vomiting.
Reynolds scientists eventually found a solution: Combine the high-pH nicotine with a low-pH acid. The result was a neutralized compound called a salt — nicotine salt.
To perfect the technique, the company enlisted one of its chemists, Thomas Perfetti, a 25-year-old with a newly minted PhD.
Perfetti got to work on a six-month investigation into nicotine salts. According to his laboratory notes, he stirred round-bottom flasks of various acids, then added nicotine, watching as the ingredients condensed into thick yellow oils. All were odorless except one, he wrote, which smelled like “green apples.”
Perfetti synthesized 30 different nicotine salt concoctions, then heated them — like a smoker would — in pursuit of the “maximum release of nicotine.” He also tested the salts’ ability to dissolve into a liquid — a trait that would decades later become central to vaping products like Juul.
On Jan. 18, 1979, Perfetti scribbled his signature on a 17-page final report. The results were stamped “CONFIDENTIAL.” He was soon promoted.
Ten years later, Reynolds was granted a patent for its salts, with Perfetti’s name listed among three inventors. Perfetti would go on to receive a Lifetime Achievement Award from the Tobacco Science Research Conference.
Perfetti, who has since retired from the company, confirmed the details of his research to The Times in a LinkedIn message, but declined to comment further.
Kaelan Hollon, a spokesperson for Reynolds, told The Times that the nicotine salts research was conducted as the company aimed to “reduce the risks” of smoking while “maintaining nicotine delivery.” Although the salts were patented, they were ultimately never used in a traditional Reynolds cigarette, she added.
Premier. The early heat-not-burn cigarette was introduced by R.J. Reynolds.
(Fairfax Media)
About the same time, in 1988, Reynolds introduced one of the first-ever aerosol cigarettes: Premier. After five months, it was pulled from the market because of low sales, records show.
“It made me nauseous for the rest of the day,” one tobacco distributor told The Times in 1989, saying he was sending back thousands of dollars’ worth of the aerosol cigarettes to Reynolds.
At the time, the company was facing another obstacle to using its new research: the FDA’s mounting outrage over what health experts called its “deceptive” past. In 1998, Reynolds, along with three other companies, agreed to begin paying billions of dollars to compensate states for having knowingly propelled a smoking epidemic, which by then had led to the deaths of about 20 million Americans. According to Proctor, Reynolds’ Camel cigarettes have killed about 4 million.
Within this climate, the company was unable to combine its two technical triumphs — palatable salts and early vaping equipment.
“Reynolds succeeded in developing the technology, but never really succeeded in turning it into a transformative breakthrough,” said Matthew Myers, the president of the Campaign for Tobacco-Free Kids in Washington, D.C.
“Juul did that.”
‘Addiction is central to the business model’
In June 2005, two product design students at Stanford moseyed in front of a classroom to present their graduate thesis, titled “The Rational Future of Smoking.” It was, in a way, the birth of an industry.
As the lights dimmed, the students, Adam Bowen and Monsees, projected an image onto a screen of a man puffing an early prototype of a vape pen — a precursor to Juul.
A video of the event shows the two students pitching their audience for 17 minutes on a device called Ploom, a vaporizer that would provide “a lot more effective way of releasing nicotine.” They illustrated the stigma of traditional cigarettes — using a South Park cartoon clip that called a smoker “Dirty Lung” and “Tar Breath.” They likened their nicotine pods to sleek Nespresso cartridges that were “a big hit in Europe.”
“We can take tobacco back to being a luxury good — and not so much a sort of drug-delivery device,” said Bowen, who went on to become Juul’s co-founder and chief technology officer.
Monsees said the pair had scrutinized the research behind Reynolds’ failed Premier model before designing their own. He projected a snapshot of chemistry charts from the company’s internal records.
“They’ve realized that they’re killing off their own client base, so they sunk several billion dollars into this already,” Monsees said.
Adam Bowen, left, and James Monsees, co-founders of Juul, in 2018.
(Francois Guillot / Getty Images)
When Bowen clicked to the final slide, a video began to play: A man peering into a video camera lens gave a testimonial, gripping the vaporizer prototype in his hand.
“This product is the greatest thing I have ever encountered in my life,” he said. “I will smoke this with enthusiasm, and develop a nicotine habit that will follow me to my grave.”
The class howled with laughter and broke into applause, launching Monsees and Bowen into a decade of product development. The Ploom device entered the market and would evolve into Pax, and in 2015, Juul.
A Juul vaping system with accessory pods.
(Washington Post)
Monsees would use a TEDx talk in Brussels to explain their effort to “deconstruct” smoking, and early Juul advertisements used a catchy drum beat to assure consumers: “We threw away everything we knew about cigarettes.”
Juul records show the start-up collected research done by tobacco experts about nicotine — work on using salts to control harshness, written by a former top scientist at Reynolds, as well as methods to maximize nicotine delivery, and piles of literature on nicotine’s impact on adolescent brains.
“Certainly, the nicotine salt chemistry was one of the big breakthroughs,” Monsees said onstage at a 2018 tech start-up conference called Disrupt.
Three days before Christmas in 2015, the maker of Juul, Pax Labs, patented its own nicotine salt recipe — making reference to U.S. Patent 4,830,028A, the Reynolds salts from 1989.
On page 15 of the patent, Pax said it had “unexpectedly discovered” the “efficient transfer of nicotine to the lungs of an individual and a rapid rise of nicotine absorption in the [blood] plasma.” The company’s patent used graphics to show that its effects surpassed that of Pall Mall — a popular Reynolds cigarette — as users’ blood nicotine levels spiked dramatically, then fell by almost half within 15 minutes.
The compound would later become trademarked: JUULSALTS™.
“Addiction is central to the business model,” said David Kessler, a pediatrician who headed the FDA from 1990 to 1997, during the agency’s tobacco investigation. “With their nicotine salts, Juul has found the Holy Grail.”
In response, Juul did not directly address that accusation, but said its product offered a “public health and commercial opportunity of historic proportions” for the millions of adult smokers who die each year from cigarettes.
The patent also detailed the role of pH-neutralizing acids in the formula — including at least four of the chemical compounds that Perfetti had created in the Reynolds lab 37 years earlier.
And included in the cache of files that the FDA obtained from Juul was a copy of the confidential Reynolds nicotine salts investigation.
Monsees and Bowen did not respond to multiple requests for comment.
A Juul spokesperson said: “RJ Reynolds’ old work in the field of traditional burn cigarettes was widely known,” noting that Juul followed routine disclosure procedures, such as citing Reynolds’ patents and publications, as required by the U.S. Patent Office.
The spokesperson also said that research shows that nicotine is absorbed more slowly from Juul pods than from traditional cigarettes.
Before Juul, most vaping fluids contained 1% to 3% nicotine, the latter described as “super high” and intended for two-packs-a-day smokers, according to Jackler, the Stanford researcher. Juul offers pods that contain 5% nicotine, according to the company’s website.
Juul disputed Jackler’s characterization, saying that there were higher nicotine concentrations in other brands, and said assertions that Juul’s pods had two to three times the nicotine strength of a cigarette were “false.”
From 2016 to 2017, Juul’s sales skyrocketed by more than 640%. Its cartridges were so palatable that teenagers sometimes raced one another to finish inhaling them. Many said they didn’t know the pods contained nicotine. Each 5% cartridge contained the nicotine equivalent of about 20 cigarettes.
“Juul mimics the evil genius of the cigarette — but does it even better,” said Myers, the president of Tobacco-Free Kids. “They also pulled it off without any of the historical baggage, giving the deceptive illusion that it was safe.”
Anne Schuchat, the principal deputy director of the federal Centers for Disease Control and Prevention, told Congress during a hearing in September that doctors believe nicotine salts allow the addictive chemical to “cross the blood-brain barrier and lead to potentially more effect on the developing brain in adolescents.”
In a statement to The Times, Schuchat echoed her concern and said the salts “allow particularly high levels of nicotine to be inhaled more easily and with less irritation” than ingredients in previous e-cigarettes, and could enable nicotine dependence among youth.
Anne Schuchat, the principal deputy director of the Centers for Disease Control and Prevention, testifies before Congress on nicotine salts.
(Zach Gibson / Getty Images)
On April 24, 2018, the FDA ordered Juul to submit documents related to its product design and marketing practices following reports of rampant use among youths who may not have understood Juul’s debilitating effects on the brain.
Later that year, FDA agents arrived at Juul’s headquarters and seized additional records. The FDA has released less than 10% of the requested documents, including Perfetti’s laboratory records, to a researcher at UC San Francisco. The agency said it withheld the remaining files to protect trade secrets and other material. As such, the records provide only a glimpse into the chemical research that Juul kept on hand as the company designed its product.
Today, Juul comprises about two-thirds of the vaping market.
In 2018, the largest tobacco company in the U.S., Altria — the parent company of Philip Morris USA, which makes Marlboro cigarettes — purchased a 35% stake in Juul.
After the purchase, several of the tobacco company’s employees also started working at Juul: Altria’s former head of regulatory affairs, Joe Murillo, as well as senior scientists and sales managers.
In September, Altria’s former chief growth officer, K.C. Crosthwaite, became Juul’s CEO.
Arne Slot: Liverpool boss having ‘same conversations’ at club despite horrendous form
Despite Liverpool’s poor run of form, sources have told BBC Sport that Slot’s position is not under imminent threat.
He has credit in the bank following his Premier League title-winning debut season, while there has been reflection at Anfield that it was a difficult summer of the club with Diogo Jota’s death and the £400m investment attempting to regenerate the squad.
Sporting director Hughes and chief executive Michael Edwards were key in Slot’s appointment, and the Dutchman retains their backing.
Liverpool do not make snap decisions and afforded Brendan Rodgers more than three seasons as manager despite finishing outside the top four twice.
There is, however, internal concern about Mohamed Salah’s performances, with a noticeable drop off in his form.
He is their key forward player but Liverpool’s best attacking performance in the past 12 games came in a 5-1 win against Eintracht Frankfurt – a game Salah did not start.
The Egyptian has scored seven goals in 25 games since his new contract was announced in April, which would be viewed as a good return for some, but the 33-yar-old is judged by standards he has set during his eight years at the club.
Looking ahead to January, Liverpool are interested in reviving their move for Crystal Palace defender Marc Guehi after missing out on the final day of the summer transfer window.
Guehi, who is available for a free transfer in July but has multiple options in England and across Europe, is able to discuss the terms of his next contract with clubs from outside of England in just four weeks’ time.
Storms expected to affect post-holiday travel through Sunday

Nov. 27 (UPI) — Post-holiday travel plans might be impacted by potentially dangerous weather sweeping through much of the northern United States through the weekend, while rainstorms soak southern states.
Storm systems in the Pacific Northwest and the Great Lakes region are making road travel more dangerous and could trigger flight delays and cancellations during what the Federal Aviation Administration said is the busiest Thanksgiving holiday travel since before the COVID-19 pandemic.
More than 6 million travelers are expected to fly during the holiday travel period that officially runs from Tuesday evening through Sunday, NPR reported. Airports are operating at full capacity following the extended government shutdown.
Those traveling by plane on Thanksgiving day will mostly have good weather, but delays are expected in Buffalo, Cleveland, Syracuse, N.Y., Chicago and Seattle, according to the National Weather Service.
A winter storm made many roads impassable in North Dakota Tuesday night and into Wednesday, but those roads have reopened, including Interstates 94 and 29.
The storm system that caused those travel disruptions is moving east into the Great Lakes area, where a larger storm system is active and also moving eastward.
Seattle and other parts of the Pacific Northwest are seeing a storm system moving out of the area, but another is coming on its heels and could disrupt air and road travel through the weekend.
The storm system that is exiting the Pacific Northwest is moving into the northern Great Plains, which could bring more winter weather capable of making travel dangerous while causing flight delays and cancellations.
The NWS said travelers should expect delays or slower traffic on Saturday and Sunday, especially in the central United States on Saturday and in the east on Sunday.
Weather could affect flights at the Dallas-Fort Worth and Kansas City airports late Friday, and lake-effect snow could impact travel across the Great Lakes region.
Wrap-around snow showers also might affect travel in northern New England.
Further west, the NWS said Winter Storm Bellamy will expand as it exits Montana and moves into the Northern Plains. which will affect Black Friday travels in the Dakotas and south across the Missouri Valley.
The storm system will move into the Midwest by Saturday, where it could disrupt air travel in Chicago, Detroit, Minneapolis-St. Paul, Kansas City, St. Louis and as far south as Houston and the Dallas-Fort Worth area, where heavy rains and thunderstorms are anticipated.
The Chicago-O’Hare International Airport will be especially vulnerable to weather-caused flight disruptions, according to the NWS. Thunderstorms could cause localized flash flooding in the Dallas-Fort Worth area and Houston and the middle and lower Mississippi Valley.
On Sunday, the NWS said air travel might be affected in Atlanta, Boston, Denver, Detroit, New Orleans, New York City, Orlando, Philadelphia, Pittsburgh and the nation’s capital.
Winter Storm Bellamy is expected to affect northeastern states and bring mostly rainfall to the I-95 corridor, which could affect air travel throughout the area.
Some snowfall and lake-effect snow are likely in the Great Lakes, while rain showers and thunderstorms could impact the Southeast, from Virginia and the Carolinas to the northern Gulf Coast.
The central and southern Rocky Mountains also might see significant amounts of snowfall that could move into the High Plains, moving from Colorado and western Kansas into northern New Mexico, as well as parts of the Texas Panhandle and western Oklahoma.
Rain showers also might affect travel in areas are far west as Arizona, the NWS said on Thursday.
‘Real uncertainty’: What to know about the Honduran presidential election | Elections News
Voters in the Central American nation of Honduras are set to go to the polls for Sunday’s general election, as they weigh concerns ranging from corruption to national and economic security.
The current president, Xiomara Castro of the left-wing Liberty and Refoundation (LIBRE) party, is limited by law to one term in office.
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But the race to succeed Castro is slated to be a nail-biter. Three candidates have surged to the front of the race, but none has taken a definitive lead in the polls.
They include Rixi Moncada from the LIBRE party; Nasry Asfura from the right-wing National Party; and Salvador Nasralla from the centrist Liberal Party.
The race, however, has been marred by accusations of fraud and election-tampering.
Those allegations have raised tensions in Honduras, whose political system is still recovering from the legacy of a United States-backed 2009 military coup that was followed by a period of repression and contested elections.
“Honduras is heading into these elections amid mounting political pressure on electoral authorities, public accusations of fraud from across the political spectrum, and paralysis within key electoral bodies,” said Juanita Goebertus, director of the Americas division at the advocacy group Human Rights Watch.
“These dynamics have created real uncertainty about the integrity of the process.”
Who are the candidates, what will voting look like, and what are the stakes of the election? We answer these questions and more in this brief explainer.
When is the election?
The election will take place in a single round of voting, held on November 30. The candidate with the most votes will be declared the winner and should take office on January 25, 2026.
How long is the presidential term?
Each president may serve a single four-year term in office.
Who is eligible to vote?
There are about 6.5 million Hondurans eligible to cast a ballot, including about 400,000 living abroad in the United States. That group, however, is restricted to voting on the presidential candidates.
Voting is obligatory in Honduras, but there are no penalties for those who do not participate.
Who are the candidates?
Three of the five presidential candidates have emerged as main challengers in the race.
Competing as the candidate for the left-leaning LIBRE Party is Rixi Moncada, a close confidant of President Castro who has served first as her finance minister, from 2022 to 2024, and later as her secretary of defence.
Moncada resigned that position in May to pursue her presidential bid.
If elected, she has pledged to “democratise the economy”, pushing back against efforts to privatise state services. Her platform also promises greater access to credit for small businesses and a crackdown on corporate corruption.
Another contender is Salvador Nasralla, a familiar face in Honduran politics. A candidate for the centrist Liberal Party, he is running for president for a fourth time.
A 72-year-old with a background in civil engineering, Nasralla formerly served as Castro’s vice president before resigning in April 2024.
Nasralla has said that he will streamline government functions while seeking to bring informal workers, who make up a large portion of the country’s labour force, into the formal economy.
Finally, running as the candidate for the right-leaning National Party is Nasry “Tito” Asfura.
Previously a mayor and representative for the capital of Tegucigalpa, Asfura has said he will run the country as an “administrator” and “executor”, promoting pro-business policies to attract investment.

How have foreign relations played a role in the election?
On foreign relations, Moncada is expected to continue her predecessor’s pursuit of closer ties with countries such as China and support for other left-wing figures in the region.
Both Nasralla and Asfura have said they will orient Honduras towards the US and its allies, including Israel and Taiwan.
On Wednesday, in the waning days of the presidential race, US President Donald Trump expressed his support for Asfura.
Trump also cast Honduras’s presidential race as part of his broader campaign against Venezuelan President Nicolas Maduro, blaming the South American leader for drug trafficking and the establishment of left-wing governments across the region.
“Democracy is on trial in the coming Elections in the beautiful country of Honduras on November 30th. Will Maduro and his Narcoterrorists take over another country like they have taken over Cuba, Nicaragua, and Venezuela?” Trump wrote on his platform Truth Social.
“The man who is standing up for Democracy, and fighting against Maduro, is Tito Asfura.”
What do the polls say?
Though pre-election surveys have shown Moncada, Nasralla and Asfura to be in the lead, no clear frontrunner has emerged.
In September, a poll released by the firm CID Gallup found that Nasralla had 27 percent support, Moncada 26 and Asfura 24. Those percentages separating the three candidates were within the poll’s margin of error.
An additional 18 percent of respondents in that survey indicated they were undecided.
Why has election integrity been a concern?
Questions of corruption have long dogged Honduras’s fragile democracy, and this election season has brought those fears back to the fore.
During the March primaries, for instance, there were “irregularities” in the distribution of election materials, and some polling stations reported delays, long lines and thin staffing that forced the vote to stretch late into the night.
There has also been discord between the two government agencies that handle Honduras’s elections: the National Electoral Council (CNE) and the Electoral Justice Tribunal.
Congress elects the main leaders for each of the two agencies. But both the tribunal and the CNE have been targeted for investigation recently.
In October, prosecutors opened a criminal probe into CNE leader Cossette Lopez over alleged plans for an “electoral coup”.
The Joint Staff of the Armed Forces has also asked the CNE for a copy of a vote tally sheet for the presidential race on election day, prompting concerns over possible interference by the armed forces.
The Electoral Justice Tribunal, meanwhile, has faced an investigation into whether it has voted without all of its members present.
Both President Castro and members of the opposition have spoken about the potential for fraud in Sunday’s vote, heightening scrutiny on the vote.
Organisations such as Human Rights Watch and the Organization of American States (OAS) have expressed concern over the pressure facing election officials.
“What matters most now is that electoral institutions are allowed to operate independently, that the Armed Forces adhere strictly to their limited constitutional role, and that all political actors refrain from actions or statements that could inflame tensions or undermine public trust,” said Goebertus.
Woke theatre bosses slap trigger warning on Jesus Christ Superstar production

WOKE theatre chiefs have warned musical Jesus Christ Superstar will “include an onstage depiction of the crucifixion” when it returns next year
Staggered fans have hit out at producers who have also seen fit to alert would-be watchers that the rock opera also has in it “some violence” and “imitation blood”.
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Tickets only went on sale yesterday for the work which will be staged at the London Palladium.
It will star Eurovision and “Space Man” crooner Sam Ryder playing the part of Jesus.
It recounts the final week of Jesus’ life, from the perspective of his disciple and betrayer, Judas Iscariot.
The original — condemned by religious groups for its “sympathetic” portrayal of Judas — opened in London in 1972 and closed in 1980 after 3,357 productions.
Gerald Dixon, an admirer of the musical, which includes hits “I Don’t Know How to Love Him” and “Superstar”, was among those nonplussed by the warning attached to the forthcoming show.
He told The Sun: “What next? A warning that the hit musical includes catchy tunes?
“This nonsense is enough to make anyone utter the Lord’s name in vain.”
The Tim Rice and Andrew Lloyd Webber show runs from June to September, with tickets costing up to £335.
LW Theatres, London’s largest operator of musical theatres, was contacted for comment on the warning yesterday.
Telecom Industry Did Not Back Off in 310 Code Fight : Communications: Assembly approves bill without recision of West L.A. overlay, thanks to fierce lobbying by phone, cable companies.
In defeating a measure to rescind the 310 area code overlay, telecommunications companies showed they won’t shrink from battle as the state moves to put tighter controls on area code changes, industry leaders said Friday.
The state Assembly early Friday approved a bill, AB 406, that sets additional hurdles in place before area code splits and overlays can be imposed.
But the bill, which had been approved late Thursday by the Senate, was passed only after a provision rescinding the 310 overlay on the Westside and South Bay was removed.
That change was credited to a fierce lobbying effort by telecom companies, and could serve as a preview of what’s to come as lawmakers and utilities regulators consider ways to slow the proliferation of overlays and splits statewide, including a split proposed for the San Fernando Valley.
“I was unable to get for 310 what I had my heart set on, which was the recision of the 310 overlay and 11-digit dialing,” said Assemblyman Wally Knox (D-Los Angeles), who wrote AB 406 (which became the vehicle for the legislation formerly known as AB 818).
Knox said a sustained lobbying effort by telephone industry representatives resulted in the removal of the 310 overlay and 11-digit dialing portion from the bill.
Representatives from Pacific Bell, GTE, AT&T;, MediaOne Telecommunications of California, the California Cable Television Assn. and the Cellular Carriers Assn. of California were among the 30 lobbyists arguing that the provision would diminish competition among carriers and consumer choice.
“The intensive lobbying effort should have been anticipated by everyone because the stakes were so high for the industry,” said Dennis H. Mangers, senior vice president of the California Cable Television Assn., a group whose members are seeking a foothold in the telephone business.
Even so, the arm-twisting in Sacramento stands in contrast to the role played by phone companies at public forums on the issue.
At a recent Van Nuys town hall meeting on splits and overlays, for example, no phone company representative spoke publicly–although at least one was in attendance, observing the proceedings.
Telephone company officials said Friday that they have sent representatives to numerous public hearings on the matter, but remained silent to give residents the chance to express their concerns.
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Industry lobbyists said regulatory meetings and legislative sessions are the proper forums for them to state their positions.
In Sacramento, telecom lobbyists argued that rescinding the overlay in West Los Angeles and the South Bay would be unfair because phone companies had already spent millions to compete for local customers in the region, Mangers said. He also said numbers already had been assigned in the new 424 area code overlay.
“We reminded them that it was they who encouraged communications companies to do business in California,” Mangers said. “If they passed the bill containing that provision, they would be cutting off their own policy.”
Cable company MediaOne, for example, spent $600 million to upgrade its facilities to provide digital telephone service, high-speed Internet access and cable television to Los Angeles customers, particularly those in the 310 region, officials said.
“We have definitely been lobbying in Sacramento,” said Theresa L. Cabral, MediaOne’s senior corporate counsel. “Our concern is that we have made that investment and we can’t use it.”
Pac Bell protested the bill because rolling back the 310 area code overlay would hurt customers who need numbers, said Steve Getzug, a spokesman for the company.
Pac Bell and GTE, the two largest phone companies in Los Angeles, are pushing specifically for overlays when area code relief is needed.
With an overlay, new phone lines within a specific area code are given a new area code–even if it is in the same home or building. Additionally, all users in an overlay area must dial the area code–even to a number with the same area code.
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Phone company officials say the overlay is less disruptive than actually creating a new area code through a geographic split, but critics say such splits and overlays would not be needed if regulators did a better job of allocating and conserving phone numbers.
Knox, who has emerged as the leading consumer advocate on the issue, said Friday that he will now take his fight to the PUC, which is scheduled to take up proposals for a 310 overlay and an 818 split on Wednesday.
“It is important for folks to know that the fight is not over,” he said. “The momentum we have built in the Legislature we will now take to the PUC.”
Gov. Gray Davis has not taken a position on AB 406, aides said. But if he does sign the bill, PUC officials will analyze it to determine its role in implementing new area codes and overlays, said Kyle DeVine, a PUC spokeswoman.
“Until we get direction from the commissioners,” she said, “we can’t say what we are going to do.”
The bill, which passed the Senate on a 35-0 vote, was approved in the Assembly on a vote of 79 to 1, with Assemblyman Tom McClintock (R-Northridge), dissenting. He could not be reached for comment Friday.
Fuzzy Zoeller, two-time major winner haunted by Tiger Woods joke, dies
Fuzzy Zoeller, a two-time major champion and one of golf’s most gregarious characters whose career was tainted by a racially insensitive joke about Tiger Woods, has died, according to a longtime colleague. He was 74.
A cause of death was not immediately available. Brian Naugle, the tournament director of the Insperity Invitational in Houston, said Zoeller’s daughter called him Thursday with the news.
Zoeller was the last player to win the Masters on his first attempt, a three-man playoff in 1979. He famously waved a white towel at Winged Foot in 1984 when he thought Greg Norman had beat him, only to defeat Norman in an 18-hole playoff the next day.
But it was the 1997 Masters that changed his popularity.
Woods was on his way to a watershed moment in golf with the most dominant victory in Augusta National history. Zoeller had finished his round and had a drink in hand under the oak tree by the clubhouse when he was stopped by CNN and asked for his thoughts on the 21-year-old Woods on his way to the most dominant win ever at Augusta National.
“That little boy is driving well and he’s putting well. He’s doing everything it takes to win. So, you know what you guys do when he gets in here? You pat him on the back and say congratulations and enjoy it and tell him not to serve fried chicken next year. Got it?” Zoeller said.
He smiled and snapped his fingers, and as he was walking away he turned and said, “Or collard greens or whatever the hell they serve.”
That moment haunted him the rest of his career.
Zoeller apologized. Woods was traveling and it took two weeks for him to comment as the controversy festered. Zoeller later said he received death threats for years.
Writing for Golf Digest in 2008, he said it was “the worst thing I’ve gone through in my entire life.”
“If people wanted me to feel the same hurt I projected on others, I’m here to tell you they got their way,” Zoeller wrote. “I’ve cried many times. I’ve apologized countless times for words said in jest that just aren’t a reflection of who I am. I have hundreds of friends, including people of color, who will attest to that.
“Still, I’ve come to terms with the fact that this incident will never, ever go away.”
It marred a career filled with two famous major titles, eight other PGA Tour titles and a Senior PGA Championship among his two PGA Tour Champions titles.
More than winning was how he went about it. Zoeller played fast and still had an easygoing way , often whistling between shots.
He made his Masters debut in 1979 and got into a three-way playoff when Ed Sneed bogeyed the last three holes. Zoeller defeated Sneed and Tom Watson with a birdie on the second playoff hole, flinging his putter high in the air.
“I’ve never been to heaven, and thinking back on my life, I probably won’t get a chance to go,” Zoeller once said. “I guess winning the Masters is as close as I’m going to get.”
Zoeller was locked in a duel with Norman at Winged Foot in the 1984, playing in the group behind and watching Norman make putt after putt. So when he saw Norman make a 40-footer on the 18th, he assumed it was for birdie and began waving a white towel in a moment of sportsmanship.
Only later did he realize it was for par, and Zoeller made par to force a playoff. Zoeller beat him by eight shots in the 18-hole playoff (67-75). Zoeller’s lone regret was giving the towel to a kid after he finished in regulation.
“If you happen to see a grungy white towel hanging around, get it for me, will you?” he once said.
He was born Frank Urban Zoeller Jr. in New Albany, Ind. Zoeller said his father was known only as “Fuzzy” and he was given the same name. He played at a junior college in Florida before joining the powerful Houston team before turning pro.
His wife, Diane, died in 2021. Zoeller has three children, including daughter Gretchen, with whom he used to play in the PNC Championship. Zoeller was awarded the Bob Jones Award by the USGA in 1985, the organization’s highest honor given for distinguished sportsmanship.
Ferguson writes for the Associated Press.
Video shows Israeli soldiers shooting surrendering Palestinians in Jenin | Occupied West Bank
Israeli soldiers have been filmed shooting two Palestinians who were seen on their knees with their hands in the air. The men were shot dead during Israeli raids in Jenin in the occupied West Bank. The Israeli army says it’s investigating the incident. Al Jazeera’s Nour Odeh explains.
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Canada rolls back climate rules to boost investments | Business and Economy News
In its deal with Alberta, Canada will scrap emissions cap on the oil and gas sector, among other moves.
Published On 27 Nov 202527 Nov 2025
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Canada’s Prime Minister Mark Carney has signed an agreement with Alberta’s premier that will roll back certain climate rules to spur investment in energy production, while encouraging construction of a new oil pipeline to the West Coast.
Under the agreement, which was signed on Thursday, the federal government will scrap a planned emissions cap on the oil and gas sector and drop rules on clean electricity in exchange for a commitment by Canada’s top oil-producing province to strengthen industrial carbon pricing and support a carbon capture-and-storage project.
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Carney is counting on the energy sector to help the Canadian economy weather uncertainty from United States President Donald Trump’s tariffs, and is seeking to diversify from the US market, which currently takes 90 percent of Canada’s oil exports.
He has relaxed some environmental restrictions implemented by his predecessor, Justin Trudeau, while reaffirming his commitment to net-zero carbon emissions by 2050.
Alberta is also exploring the feasibility of a new crude oil pipeline to British Columbia’s northwest coast in order to increase exports to Asia, but no private-sector company has committed to building a new pipeline.
Pipeline companies and the Alberta government have repeatedly said significant federal legislative changes – including removing a federal cap on oil and gas sector emissions and ending a ban on oil tankers off British Columbia’s northern coast – would be required before a private entity would consider proposing a new pipeline.
Thursday’s agreement includes a commitment by the federal government to adjust the Oil Tanker Moratorium Act in order to facilitate oil exports to Asia.
British Columbia Premier David Eby, who opposes a new pipeline through his province, said on Wednesday the legislation should stay in place.
Other pipeline opponents are also speaking out. A coalition of Indigenous groups in British Columbia said this week it will not allow oil tankers on the northwest coast and that the pipeline project will “never happen”.
The Trans Mountain pipeline from Alberta to the British Columbia coast, which is owned by the Canadian government and is currently the only option to ship Canadian oil directly to Asian markets, tripled its capacity last year with a 34 billion Canadian dollar ($24.2bn) expansion.
The federal government and Alberta also said they would conclude an agreement on industrial carbon pricing by April 1 next year.
In addition, the two agreed to cooperate on building the Pathways Plus project, expected to be the world’s biggest carbon capture project and designed to capture emissions from Canada’s oil sands.
The federal government will also assist Alberta in building and operating nuclear power plants, strengthening its electricity grid to power AI data centres, and building transmission lines to neighbouring provinces.
Morgan Stanley warns Oracle credit protection nearing record high
A gauge of risk on Oracle Corp.’s debt reached a three-year high in November, and things are only going to get worse in 2026 unless the database giant is able to assuage investor anxiety about a massive artificial intelligence spending spree, according to Morgan Stanley.
A funding gap, swelling balance sheet and obsolescence risk are just some of the hazards Oracle is facing, according to Lindsay Tyler and David Hamburger, credit analysts at the brokerage. The cost of insuring Oracle Corp.’s debt against default over the next five years rose to 1.25 percentage point a year on Tuesday, according to ICE Data Services.
The price on the five-year credit default swaps is at risk of toppling a record set in 2008 as concerns over the company’s borrowing binge to finance its AI ambitions continue to spur heavy hedging by banks and investors, they warned in a note Wednesday.
The CDS could break through 1.5 percentage point in the near term and could approach 2 percentage points if communication around its financing strategy remains limited as the new year progresses, the analysts wrote. Oracle CDS hit a record 1.98 percentage point in 2008, ICE Data Services shows.
A representative for Oracle declined to comment.
Oracle is among firms taking part in an artificial intelligence spending race, which has quickly made the data center giant the credit market’s barometer for AI risk. The company borrowed $18 billion in the US high-grade market in September. Then in early November, a group of about 20 banks arranged a roughly $18 billion project finance loan to construct a data center campus in New Mexico, which Oracle will take over as tenant.
Banks are also providing a separate $38 billion loan package to help finance the construction of data centers in Texas and Wisconsin developed by Vantage Data Centers, Bloomberg reported last month. Lenders involved in these construction loans linked to Oracle are likely a key driver of the surge in trading volume on the Oracle’s CDS recently, a trend that may persist, according to Morgan Stanley.
“Over the past two months, it has become more apparent that reported construction loans in the works, for sites where Oracle is the future tenant, may be an even greater driver of hedging of late and going forward,” wrote the analysts.
There is a risk that some hedges by banks could unwind if and when banks distribute these loans to other parties, they wrote. Still, other parties may also hedge at some point even if down the road plus the construction debt funding needs don’t stop after the Vantage sites and the New Mexico site.
Last month, the analysts said they expect near-term credit deterioration and uncertainty to drive further hedging by bondholders, lenders and thematic players.
“The bondholder hedging dynamic and also the thematic hedging dynamic could both grow in importance down the road,” they added.
Oracle CDS have underperformed the broader investment-grade CDX index and Oracle corporate bonds have underperformed the Bloomberg high-grade index amid the jump in hedging demand and the weakening sentiment. Concerns have also started to weigh on Oracle’s stock, which the analysts said may incentivize management to outline a financing plan on the upcoming earnings call, including details on Stargate, data centers and capital spending.
The analysts had previously been recommending investors buy Oracle bonds and CDS in what is known as a basis trade, to profit from their expectation that credit derivatives would widen more than the bonds. Now they’re saying it’s a cleaner trade to just buy the CDS outright.
“Therefore, we are closing the ‘buy bond’ part of the basis trade, and keeping the ‘buy CDS protection’ leg of it,” they wrote. “We think a trade in CDS outright is cleaner right now and will result in a greater spread move.”
Larry Ellison, Oracle’s chairman of the board, is backing his son David Ellison’s bid to acquire Warner Bros Discovery, which is also considering offers from Netflix and Comcast.
Mutua writes for Bloomberg.
Final hours before major US airline pulls out of hub dubbed No.1 ‘mega airport’
A MAJOR US airline has announced it will no longer conduct flight operations out of one of the country’s busiest airports.
Budget-friendly Spirit Airlines announced in late September that it will cease service in a midwestern city as part of the company’s restructuring effort to prioritize stronger markets.
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Beginning on December 1, Spirit Airlines will no longer serve passengers at Minneapolis-St. Paul International Airport.
The budget-friendly airline has been struggling financially following its second bankruptcy filing during the summer.
“We apologize to our guests for any inconvenience and will reach out to those with affected reservations to issue a refund,” the company said in a statement at the time.
Minneapolis is among several cities where Spirit Airlines will exit.
Impacted cities include Macon, Georgia, Albuquerque, New Mexico, Birmingham, Alabama, Boise, Idaho, Chattanooga, Tennessee, Columbia, South Carolina, Portland, Oregon, Salt Lake City, Utah, and four cities in California, Oakland, Sacramento, San Diego, and San Jose.
Around the same time, Spirit Airlines confirmed that it would be laying off around one-third of its flight attendants, according to CBS News.
Then, on October 31, Hartford, Connecticut became the latest city Spirit Airlines ceased to conduct service in.
Spirit cut its services out of Bradley International Airport, calling the continued halts to its services “very difficult.”
Grim future for Spirit Airlines
Spirit Airlines has suffered through some major financial blows in the past year.
The budget carrier admitted it hasn’t turned a profit since 2019.
In November 2024, the airline filed for Chapter 11 bankruptcy, making it the first major US carrier to do so since American Airlines 13 years ago.
The brand pulled itself out of bankruptcy in March with a plan to “operate as efficiently as possible,” the company said in a statement.
The brand has also slashed its routes by 24% in the last year.
In August, managers revealed they were worried for Spirit’s immediate future in a filing with the Securities Exchange Commission.
The filing read that executives had “substantial doubt as to our ability to continue as a going concern within 12 months from the date these financial statements are issued”.
‘INEXPLICABLE DECISION’
However, Spirit is not the only airline facing financial woes, Avelo Airlines also announced it would stop services at Bradley International Airport.
The airline cited financial struggles as the main reason for leaving the Hartford airport.
However, officials disagreed with the decision as leaving the airport also removes the only direct flight to Montego Bay, Jamaica, from Connecticut.
“The CAA is especially disappointed on behalf of the community, which has fought so hard to secure nonstop service to Jamaica over recent years,” the Connecticut Airport Authority stated.
“The decision to cancel the MBJ route is inexplicable, given the strong ridership, subsidies received, significant airport incentives, and community support.”
When Gavin Newsom issued marriage licenses in San Francisco, his party was furious. Now, it’s a campaign ad
Reporting from Sacramento — It was an iconic image: Phyllis Lyon and Del Martin, longtime partners and lesbian activists, embracing after being wed in San Francisco City Hall. The first same-sex couple in the country to receive a marriage license was joined by city officials and advocates choked with emotion — but not the man who set their nuptials in motion, Gavin Newsom.
Instead, the then-San Francisco mayor was purposefully absent, sitting in his office and anxiously awaiting word that the ceremony had been performed before a court could interfere.
For the record:
12:40 p.m. May 20, 2018An article in the May 15 Section A about Gavin Newsom and his issuance of marriage licenses to same-sex couples said the U.S. Supreme Court marriage equality ruling was issued five years ago. The decision was handed down in June 2015.
Newsom’s decision to issue marriage licenses to same-sex couples — just a month into his term — was at once slapdash and choreographed. Almost immediately it spun out of his control. What was meant to be a short-lived act of civil disobedience on Feb. 12, 2004, turned into a 29-day saga during which more than 4,000 couples wed, catapulting Newsom into the national fray.
The move drew rebukes from social conservatives and prominent Democrats, including gay rights icons and Newsom’s political mentors. The fallout rippled into the 2004 presidential election and the successful 2008 campaign for Proposition 8, which banned gay marriages in California.
Now, five years since the U.S. Supreme Court made marriage equality the law of the land, Newsom has made his decision a central selling point in his campaign for governor. In one television ad, he appears with Lyon — whose spouse died in 2008 — reminiscing with a photo album.
Would Newsom as governor take the same risks? “I hope so,” he said in an interview this month. “I’m an idealist … I embrace that.”
There was no hint that gay marriage would be anywhere on Newsom’s agenda when he ran for mayor in 2003. A county supervisor since 1997, he was seen as the conservative candidate — for San Francisco, at least.
Nationally, the issue was gaining prominence. A Massachusetts court case was laying the groundwork to force that state to legally recognize same-sex marriage. In his 2004 State of the Union, President George W. Bush lambasted “activist judges” for redefining marriage. He threatened to back a constitutional amendment to define marriage as between a man and a woman.
Newsom, who listened to the address from the House of Representatives gallery as a guest of Rep. Nancy Pelosi (D-San Francisco), has said that was the moment he knew he had to do something.
Soon after he told his chief of staff, Steve Kawa, who is gay, that he intended to issue marriage licenses to same-sex couples. In a municipal quirk — as mayor of San Francisco, both a city and a county — he had authority to do so.
Kawa said his reaction was stunned silence. He and others among Newsom’s senior staff initially had reservations.
As lieutenant governor, Gavin Newsom has had few duties — and he skipped many of them »
“People felt like this could really do him harm,” said Joyce Newstat, then Newsom’s policy director. “This could really hold back his own ability to accomplish what he wanted to accomplish as mayor. It would destroy his political career.”
The hesitation was shared by prominent gay rights activists. Kate Kendell, executive director of the National Center for Lesbian Rights, said her first reaction was fear. In a call with Kawa, she said she appreciated Newsom’s support, but noted Bush’s speech. “We just barely won in Massachusetts. These wins are very fragile,” Kendell said she told the chief of staff. She ultimately came around.
In the course of days, the ceremony was carefully orchestrated. The officiant would be Mabel Teng, the assessor-recorder whose core job was to maintain marriage licenses. Newsom would not be present, to avoid accusations of injecting politics into the proceedings. And the first couple would be Martin and Lyon, who at the time had been together more than 50 years.
Newsom and his allies assumed the courts would shut them down immediately. California voters had passed Proposition 22 in 2000, which said only marriages between a man and a woman would be valid in the state.
But the courts declined to intervene for nearly a month. The image of Lyon and Martin soon gave way to the scene of a line of hopeful couples wrapped around San Francisco City Hall, undeterred by protesters.
Gay rights advocates said the pictures of relatable, ebullient couples instantly humanized the debate over marriage equality.
Newsom eventually officiated a handful of marriages, including Kawa’s and Newstat’s respective ceremonies with their partners.
Opponents of same-sex marriage said Newsom was flagrantly ignoring the will of Californians.
“Mayor Newsom lied when he swore to uphold the law,” Randy Thomasson, who runs Save California, a socially conservative group, said in an interview. “When he raised his right hand, it was almost like he was giving one finger, figuratively, to the people.”
High-stakes California governor’s race debate gets testy as personal and political attacks fly »
The California Supreme Court halted the weddings on March 11, and the court later nullified those marriages that had been performed. Newsom was chastised for not following the law as written; one justice said he had “created a mess.”
But by then Newsom had become an unlikely face for marriage equality; news stories from the time emphasized that he was straight and married. Kendell said it was precisely because Newsom did not have a reputation as an outspoken liberal that he was able to make his decision.
“This move by Newsom played against type,” she said. “People did not expect this Irish Catholic, straight … middle-of-the-road moderate to do something so audacious.”
The mayor’s growing national stature as a gay rights warrior irked some who long had worked for the cause.
“I really think he stood on the shoulders of a lot of people who had suffered and died,” said Tom Ammiano, a former supervisor and assemblyman who is gay. “It really wasn’t all about him, but he made it all about him.”
Republicans predictably made Newsom their foe, and Democrats cringed at how his move might energize social conservatives to vote against them in the 2004 presidential election.
Former Rep. Barney Frank (D-Mass.), who is gay, said Newsom had imperiled the strategy in Massachusetts — to show that allowing same-sex marriage in one state would not be disruptive — before the right was pursued elsewhere.
“It troubled me as an example of the kind of politics that puts the interest of the political actor ahead of the cause,” Frank said.
Newsom now dismisses that criticism as “purely political arguments.”
“If they told me it was the wrong thing to do because it was the wrong thing to do, then I would’ve listened to that argument,” he said. “They never said that. They said it was too much, too soon, too fast. That’s not going to convince me.”
Sen. Dianne Feinstein (D-Calif.), a mentor of Newsom’s, said at the time he was partly to blame for John Kerry’s presidential loss. Newsom said the criticism was “heavy,” but he understood the thinking behind it. They repaired their relationship, he said, tongue slightly in cheek, “the old-fashioned way — by never discussing it.”
Now, Feinstein said, she believes “history has proven that Gavin Newsom made the right decision, a very bold decision, which paved the way for marriage equality.”
The California Supreme Court ultimately struck down the state’s gay marriage ban in 2008, prompting a triumphant Newsom to declare that marriage equality would happen “whether you like it or not.” The backers of Proposition 8, which sought to amend the state Constitution to prohibit same-sex marriage, capitalized on those comments in a campaign ad.
That ad and Proposition 8’s success once again put Newsom on the defensive for harming the cause he had so forcefully backed. The ban set in place by Proposition 8 remained in effect until 2013, when the U.S. Supreme Court overturned it and, in a separate ruling, found that same-sex couples could marry nationwide.
Newsom said he has no regrets about his decision. But he said he sees the experience now “with a different set of eyes,” with more effort toward “thinking through the intended and the unintended.”
“On such an emotional issue — such a raw issue dividing families, not least my own, down the middle — it’s about what the system can absorb,” Newsom said. “I think about that now differently, absolutely.”
Follow @melmason on Twitter for the latest on California politics.





















