Remains

Democrats sweep California’s down-ballot races but one remains too close to call

Democrats swept California’s statewide down-ballot races — no surprise in a state where registered Democrats outnumber Republicans by a nearly two-to-one margin, and voters haven’t elected a Republican to a statewide office since 2006.

The dominance was evident in the Democratic candidates’ victories for attorney general, secretary of state, lieutenant governor, treasurer and controller.

“When you look at the results so far, the thing that’s most striking, I think, is that the percentages are almost identical for every statewide race between the two parties,” said Kim Nalder, director of the Project for an Informed Electorate at Sacramento State University. One might have imagined that some candidates would have received a larger or smaller share of votes than others, based on voters’ personal feelings toward them, but Californians instead hewed strongly to party lines, she said.

“I think that says that Californians are probably voting based on nationwide trends, as much as anything else,” she said, referencing the blue surge that swept the country, with Democrats taking control of both the House and Senate.

“It also just means, honestly, that people don’t know a lot about most of these statewide offices and don’t necessarily do their homework, so they’re reverting to the cue that’s simplest, which is party cues,” she added.

The AP called the victories for the down-ballot races.

One contest remained too close to call Wednesday afternoon: The race between two Democrats to succeed Ricardo Lara as insurance commissioner. With 51.7% of expected votes in, former San Francisco Supervisor Jane Kim held a slight lead over three-term state Sen. Ben Allen, with 52% versus 48%. The commissioner regulates the state’s insurance industry and has the authority to approve or reject rate increases and investigate fraud.

A former director of the Working Families Party, Kim has proposed a novel “single payer” state-run insurance plan to cover catastrophic fire damage, earning her endorsements from U.S. Sen. Bernie Sanders (I-Vt.) and the California Federation of Labor Unions. Allen, who has blasted Kim’s plan as too short on details, has campaigned on improving the current system, pointing to his long record of insurance industry reform bills. He’s backed by the California Democratic Party and top elected party officials, including U.S. Sens. Adam Schiff and Alex Padilla.

Elsewhere down the ballot, incumbent California Atty. Gen. Rob Bonta, a former Democratic state legislator, handily won releection as the state’s top prosecutor. He beat out former Huntington Beach City Atty. Michael Gates, a Republican, receiving 63.8% of the vote with 59.6% of expected votes in.

Bonta was first appointed to the office by Gov. Gavin Newsom in 2021, and then elected in 2022.

Democrat Shirley Weber was reelected as secretary of state, besting Orange County Supervisor Donald Wagner, a Republican, with 64.7% of the vote when 59.4% of expected votes were in. The secretary of state is in charge of administering statewide elections, providing information about ballot measures and candidates to voters, overseeing campaign finance and handling business licensing and filings.

Weber, a former state Assembly member, was initially appointed to the role in 2020 by Newsom and then elected by voters in 2022.

Voters chose state Treasurer Fiona Ma, a Democrat, to succeed termed-out Lt. Gov. Eleni Kounalakis. Ma defeated former State Senate Majority Leader Gloria Romero, a Republican, receiving 63.8% of the vote with 59.5% of the expected vote in. The job is largely a ceremonial post, but if the sitting governor dies, resigns or is removed from office, then the lieutenant governor would be elevated to take over.

Kounalakis, meanwhile, won the race to succeed termed-out Ma as state treasurer, beating Republican Jennifer Hawks, who had billed herself as a political outsider. With 59.1% of the expected vote in, Kounalakis received 64%. The California treasurer is the state’s chief financial manager and responsible for overseeing public investments and issuing bonds to fund major projects like roads, sewers, schools and affordable housing.

Incumbent Controller Malia Cohen won reelection over challenger Herb Morgan, a Republican finance and investment advisor. With 58.9% of the expected vote in, Cohen received 63.8%. The controller is the state’s fiscal watchdog, responsible for auditing government agencies, administering payroll for state employees and reuniting abandoned assets with their owners.

Cohen was elected in 2022 after serving as a member of the state Board of Equalization from San Francisco.

Times staff writers Laurence Darmiento, Iris Kwok, Summer Lin, Kevin Rector and Dakota Smith and correspondent Jon Regardie contributed to this report.

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Funeral held for 75 Palestinians after remains recovered from Gaza ruins | Israel-Palestine conflict News

Most of the victims were from the Daraj neighbourhood in Gaza City, the Health Ministry says.

A mass funeral has been held for 75 Palestinians whose remains were found recently under the rubble of homes and buildings destroyed in the months since Israel launched its genocidal war on Gaza in October 2023, the Ministry of Health announced.

Hundreds of Palestinians attended the funeral procession before the remains were buried at the Sheikh Radwan Cemetery on Sunday morning.

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Most of the victims were from the Daraj neighbourhood in the northeastern part of Gaza City.

Al Jazeera correspondent Nour Khaled said the majority of the remains belonged to women and children “who were inside their homes when they were targeted”.

The remains consisted of some body parts and personal belongings and were wrapped in Palestinian flags before the burial, she said.

Abdullah al-Majdalawi, director of public relations and media for Gaza’s Civil Defence, told the Turkish state news agency Anadolu that the remains had been recovered over recent weeks from several destroyed homes in Daraj.

He said the buildings were bombed while residents were inside during the early months of the war and that the victims belonged to about 20 Palestinian families, including people who had been displaced to the homes.

Efforts to recover bodies from beneath the rubble continue to face severe difficulties due to a lack of equipment and heavy machinery, he added.

The Civil Defence launched the second phase of its recovery operations in July. It recovered 333 bodies and remains of 559 people during its first operation in November 2025.

The Civil Defence says it believes the remains of another 8,000 Palestinians are still trapped beneath the rubble across Gaza. There are about 200,000 damaged and destroyed buildings in Gaza, according to the UN agency for Palestinian refugees, UNRWA.

At least 74,475 Palestinians have been killed since Israel launched the genocidal war three years ago.

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AI ROI Remains an Industry Blindspot

A Sibos poll found that more than half of companies lack granular visibility into their AI use.

Many financial firms struggle to measure the return on investment of their AI deployments because they lack visibility into AI resource consumption, according to a panel poll at Sibos 2026 in Miami.

At the heart of the matter are AI tokens, the basic unit of text used by large language models and the primary metric AI model providers use to measure client usage.

Nearly two-thirds (61%) of poll respondents reported having little or no visibility into AI token usage within their organization, even though they understood their overall AI spending. Only 13% of respondents reported having detailed visibility and actively managing costs at the token/model level.

“Some clients and partners that we worked with have told us horror stories where they let everyone go crazy with this stuff and build their own agents only to be left with a $100 million bill after a few months,” said Melissa Tuozzolo, global head of client services at HSBC, during a Sibos 2026 panel in Miami.

Calculating AI ROI

Understanding AI token cost and usage matters, but it’s not the only factor in calculating ROI for AI-powered projects, said co-panelist Isabel Schmidt, executive platform owner, payments enablement at BNY.

“There’s obviously still a lack of clarity in many organizations around the actual individual cost of tokens,” she said. “But we also need to be very careful to not get pulled into that rabbit hole or what a particular token costs because, in the end, AI is not a goal itself. The ultimate question is: How much does that business process cost me?”

In addition to token cost, organizations need to consider related costs associated with data governance and cleaning, upgrading existing systems, and deploying new technology, Tuozzolo added.

The industry is in an era when pretty much everything being built has an AI component, said David White, global head of product and data at LSEG and a panelist. “I encourage my product teams and others to think in terms of this as just another technology to help deliver value to the customer.”

AI Value-Add

BNY’s Schmidt sees AI’s primary value as improving an organization’s efficiency, effectiveness, and capacity

“There has been a lot of dialogue around the efficiency part of what AI can contribute to our businesses and processes since you can automate processes much, much more easily than maybe we could even a year or two ago,” she said. “It also forces us to think more clearly about some of the others.” 

In terms of effectiveness, HSBC deployed an AI-powered  “air traffic control” system that directs client queries to the proper expert or teams about six months ago. It reduced first-response time for clients in certain markets by 10 hours. Prior to that, “we had used people that manually take in queries from clients and triage them,” said Tuozzolo.

Other AI deployments within the bank have freed up processing capacity and allowed it to be reallocated.

“Historically it’s always been that when our transaction volumes go up, our costs go up from an investigation and service standpoint,” she said. “As our volume goes up, the number of queries also goes up. This is the first year in a few years that we’re actually seeing it go the other way.”

Tuozzolo attributed these gains not only to AI, but also to HSBC’s investment in a cleaner data layer.

Meanwhile, Sumitomo Mitsui Banking Corp. (SMBC) is deploying an AI-powered call center that will process calls at 70% of the older model’s cost.

“We are seeing most of this cost for the IT project consisting of the AI tokens, but we are seeing a positive ROI,” said panelist Kazuya Ikeda, senior executive manager at SMBC.

Nonetheless, he cautioned that not all value-add for clients leads to economic value. “If other peers are doing the same thing, then it’s not necessarily creating relative value for clients,” he said.

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