Trump Signs Law to Launch Dollar 2.0

Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.

Paris prepares for 100-day countdown to the Olympics. It wants to rekindle love for the Games

JOHN LEICESTER
April 15, 2024

PARIS (AP) -- In Paris' outskirts, a bright-eyed young girl is eager for the Olympic and Paralympic Games to end.

That's because the swimming club where 10-year-old Lyla Kebbi trains will inherit an Olympic pool. It will be dismantled after the Games and trucked from the Olympic race venue in Paris' high-rise business district to Sevran, a Paris-area town with less glitter and wealth. There, the pieces will be bolted back together and -- voila ! -- Kebbi and her swim team will have a new Olympic-sized pool to splash around in.

"It's incredible !" she says. "I hope it's going to bring us luck," adds her mother, Nora.

In 100 days as of Wednesday, the Paris Olympics will kick off with a wildly ambitious waterborne opening ceremony. But the first Games in a century in France's capital won't be judged for spectacle alone. Another yardstick will be their impact on disadvantaged Paris suburbs, away from the city-center landmarks that are hosting much of the action.

By promising socially positive and also less polluting and less wasteful Olympics, the city synonymous with romance is also setting itself the high bar of making future Games generally more desirable.

Critics question their value for a world grappling with climate warming and other emergencies. Potential host cities became so Games-averse that Paris and Los Angeles were the only remaining candidates in 2017 when the International Olympic Committee selected them for 2024 and 2028, respectively.

After scandals and the $13 billion cost of the pandemic-delayed Tokyo Games in 2021, unfulfilled promises of beneficial change for host Rio de Janeiro in 2016 and the 2014 Winter Games in Sochi tarnished by Russian doping and President Vladimir Putin's subsequent land grabs in Ukraine, the Switzerland-based IOC has mountains of skepticism to dispel.

Virtuous Summer Games in Paris could help the long-term survival of the IOC's mega-event.

SPREADING BENEFITS BEYOND CENTRAL PARIS

The idea that the July 26-Aug. 11 Games and Aug. 28-Sept. 8 Paralympics should benefit disadvantaged communities in the Seine-Saint-Denis region northeast of Paris was built from the outset into the city's plans.

Seine-Saint-Denis is mainland France's poorest region. Thanks to generations of immigration, it also is vibrantly diverse, counting 130 nationalities and more than 170 languages spoken by its 1.6 million inhabitants. For Seine-Saint-Denis kids facing racial discrimination and other barriers, sports are sometimes a route out. World Cup winner Kylian Mbappé honed his silky soccer skills as a boy in the Seine-Saint-Denis town of Bondy.

Once heavily industrialized, Seine-Saint-Denis became grim and scary in parts after many jobs were lost. Rioting rocked its streets in 2005 and again last year. Members of an Islamic extremist cell that killed 130 people in the French capital in 2015 hid after the carnage in an apartment in the town of Saint-Denis and were killed in a shootout with heavily armed SWAT teams. That drama unfolded just a 15-minute walk from the Olympic stadium that will host track and field and rugby and the closing ceremonies.

Concretely, the Games will leave a legacy of new and refurbished sports infrastructure in Seine-Saint-Denis, although critics say the investment still isn't enough to catch it up with better equipped, more prosperous regions.

Mamitiana Rabarijaona grew up close to the Olympic stadium, built originally for the 1998 soccer World Cup. He says it didn't provide much of a boost for Seine-Saint-Denis residents. He believes the Olympics will be "a big party" and he will be among 45,000 volunteers who'll be helping. But he is not expecting Olympic-related investments to magically erase Seine-Saint-Denis' many difficulties.

"It's like lifting the carpet and brushing the dust underneath," he said. "It doesn't make it go away."

Seine-Saint-Denis got the new Olympic village that will become housing and offices when the 10,500 Olympians and 4,400 Paralympians have left. It also is home to the Games' only purpose-built competition venue, an aquatics center for diving, water polo and artistic swimming events. Other competition venues already existed, were previously planned or will be temporary.

"We really were driven by the ambition of sobriety and above all not to build sports facilities that aren't needed and which will have no reason to exist after the Games," Marie Barsacq, the organizing committee's legacy director, said in an interview.

The hand-me-down 50-meter pool for Sevran will be a significant upgrade. The Seine-Saint-Denis town of 51,000 people was whacked by factory closures in the 1990s. Its existing 25-meter pool is nearly 50 years old.

Other Seine-Saint-Denis towns are also getting new or renovated pools -- particularly welcome for the region's children, because only half of them can swim.

"The ambition for these Olympic Games ... is that they benefit everyone and for the longest time possible," said Sevran Mayor Stéphane Blanchet. The Olympics, Blanchet said, can't "carry on just passing though and then moving on without thinking about tomorrow."

PARIS' COSTS COMPARE FAVORABLY

At close to 9 billion euros ($9.7 billion), more than half from sponsors, ticket sales and other non-public funding, Paris' expenses so far are less than for the last three Summer Games in Tokyo, Rio and London in 2012.

Including policing and transport costs, the portion of the bill for French taxpayers is likely to be around 3 billion euros ($3.25 billon), France's body for auditing public funds said in its most recent study in July.

Security remains a challenge for the city repeatedly hit by deadly extremist violence. The government downsized ambitions to have 600,000 people lining the River Seine for the opening ceremony. Citing the risk of attacks, it shelved a promise that anyone could apply for hundreds of thousands of free tickets. Instead, the 326,000 spectators will either be paying ticket-holders or have been invited.

Privacy advocates are critical of video surveillance technology being deployed to spot security threats. Campaigners for the homeless are concerned that they will be swept off streets. Many Parisians plan to leave, to avoid the disruptions or to rent their homes to the expected 15 million visitors. With trade unions pushing for Olympic bonuses, strikes are also possible.

And all this against an inflammable backdrop of geopolitical crises including but not limited to the Israel-Hamas war and Russia's invasion of Ukraine. As a consequence, the IOC isn't allowing athletes from Russia and ally Belarus to parade with other Olympians at the opening ceremony.

Still, Olympics fans expect big things of Paris. They include Ayaovi Atindehou, a 32-year-old trainee doctor from Togo studying in France. The Olympic volunteer believes the Games can bridge divisions, even if just temporarily.

"The whole world without racial differences, ethnic differences, religious differences. We will be all together, shouting, celebrating," he said. "We need the Olympic Games."

___

AP Olympics coverage: https://apnews.com/hub/2024-paris-olympic-games

Continue Reading...

Popular

Velo3D Stock Soars After Q3 Earnings: Highlights From The Report

Shares of Velo3D, Inc. (NASDAQ:VELO) are rising Tuesday after the metal 3D printing company reported third-quarter earnings results.

The Smart Money Copper Trade - Ad

Only one lines up grade, scale potential, and Quebec power like this. Insider alignment is real. Stepouts are opening new zones. With EVs and grid buildouts rising, this could be the timely copper idea you have been waiting for.

Trump attacks ABC News correspondent Mary Bruce in angry response to three sharp questions

NEW YORK (AP) — President Donald Trump denounced ABC News' Mary Bruce as a “terrible reporter” Tuesday and threatened the network's license to broadcast after she asked him three sharp questions at the White House.

The $43B Big Pharma Story is Starting Over-With a New Player - Ad

Big Pharma once paid $43B for a small biotech with a similar platform. Now, a new company is following that same playbook, leveraging its patented delivery technology to attract partnerships and near-term revenue potential.

JPMorgan Forecasts Bitcoin Bottom, Anticipates $28.3 Trillion Challenge To Gold By 2026

Analysts at JPMorgan have pinpointed the lowest point of the ongoing Bitcoin (CRYPTO: BTC) price fall and also projected a substantial chall

Iran confirms seizure of oil tanker in the Strait of Hormuz

TEHRAN, Iran (AP) — Iran on Saturday confirmed as it traveled through the narrow Strait of Hormuz over violations including carrying an illegal consignment, state media reported.

Legally "Skim" $6,361 Into Your Account? - Ad

A former hedge fund manager is now sharing his "Skim Codes" with regular people. They're not stocks. They're not crypto. They're 18-character codes designed to profit from recent market conditions. All you have to do is punch them into an ordinary brokerage account. 84% of these codes have given people the chance to generate cash payouts so far... and his next code is going out any day now.

How Tyson's Chicken Business Will Offset Beef Weakness

Tyson shares rise as pricing catch-up expected to ease cost pressures; chicken strength offsets beef headwinds amid stable feed costs.

Why Is Occidental Petroleum Stock Gaining Tuesday?

Analysts highlight OXY's robust earnings, production guidance, and expanded resource base as key growth drivers.

Inside: What's Going on Behind the Scenes in DC? - Ad

Former CIA officer Buck Sexton just met with Trump and VP J.D. Vance - and what he uncovered inside the West Wing is stunning. With ties to Tulsi Gabbard, Mike Johnson, Kash Patel, and more, he's rushing this urgent interview to reveal shocking secrets unfolding behind the scenes right now.

Trump's $2,000 Tariff Dividend Stumbles On Math: Cost Far Exceeds Revenue

Trump's $2,000 tariff rebate plan faces a major math gap, with estimated costs up to $606.8B—far exceeding tariff revenues in 2025 and 2026, says the Tax Foundation.

$270,000 Drug. One Competitor. Billion-Dollar Market. - Ad

Phase 3 trial targets recurrent pericarditis with an oral therapy that could disrupt the only approved treatment. And their heart failure program launches in 2026.

Analyst Sees Strong Medtronic Momentum Through 2026 With Buy Rating Intact

BofA expects Medtronic to post over 5% second-quarter revenue growth and maintain strong momentum through 2026, driven by robust procedure trends.

The Next Biggest Bull Run In Over 50 Years - Ad

Gold has hit all-time highs, breaking $4,000 an ounce - but history shows it could be on the verge of its biggest bull run in over half a century... triggered by a likely major event, eerily similar to what happened in the 1970s. (It's NOT inflation or anything you're likely expecting.) Now, a top analyst says you can capture ALL of the upside without touching a risky miner or a boring exchange-traded fund. He sees extraordinary potential gains long term with very little risk.

An archaeologist is racing to preserve Sudan's heritage as war threatens to erase its cultural past

PARIS (AP) — In a dimly lit office in a corner of the French National Institute for Art History, Sudanese archaeologist Shadia Abdrabo studies a photograph of pottery made in her country around 7,000 B.C. She carefully types a description of the Neolithic artifact into a spreadsheet.

Trump Hints At Tax Cut, John Bolton Warns Of Peace Prize Ambitions And More: This Week in Politics

Trump hints at major income tax cuts, while political tensions rise over military orders, Russia policy, and government shutdown threats.

Weiss Gold Veteran Makes Shocking New Call - Ad

Weiss expert Sean Brodrick went out on a limb last year and declared a historic event would send the yellow metal to $3,150. People laughed at him at the time, but he was off by just two days. Now, Sean has a shocking new prediction for gold ... and reveals a little-known way to get ahead of this bull market.

Piper Sandler Set For Best-In-Class Growth As Banking Cycles Turn: Analyst

Piper Sandler (PIPR) upgraded to Buy by Goldman Sachs with a target price of $386, projecting an 18% upside.

DOJ Greenlights Strikes on Drug Boats, Citing Fentanyl as Potential Chemical Weapon

The DOJ has classified Fentanyl as a potential chemical weapon. This classification has led to the authorization of strikes on drug-smuggling boats.

Copper Is Tight, Silver Is Rising - And This Early Nevada Play Hits the Timing Perfectly - Ad

AI, electrification, battery storage, and data centers are pushing copper and silver demand sharply higher, even as supply stays tight. This region in Nevada offers rare multi-metal potential, and a new company has secured land in a district the surging district. It's one of the cleanest timing setups in the sector right now.

Investing Legend Hints the End May Be Near for These 3 Iconic Stocks - Ad

Futurist Eric Fry say Amazon, Tesla and Nvidia are all on the verge of major disruption. To help protect anyone with money invested in them, he's sharing three exciting stocks to replace them with. He gives away the names and tickers completely free in his brand-new "Sell This, Buy That" broadcast.

Axon Enterprise: From TASER To AI-Powered Public Safety Platform

Axon Enterprise is executing an interesting transition from hardware vendor to high-margin SaaS and AI platform...

Trump Signs Law to Launch Dollar 2.0 - Ad

Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.

Sweden promises action against illegal sex doll sales

BERLIN (AP) — The Swedish government promised on Friday to fight the sale of childlike sex dolls online after instances of such commerce had been reported earlier in the country.

The Smart Money Copper Trade - Ad

Only one lines up grade, scale potential, and Quebec power like this. Insider alignment is real. Stepouts are opening new zones. With EVs and grid buildouts rising, this could be the timely copper idea you have been waiting for.

Scrapyard workers recount horrific scene after UPS plane crash destroyed their Kentucky business

LOUISVILLE, Ky. (AP) — Supervisor Adam Bowman was loading metal onto a truck at a scrapyard just south of the Louisville, Kentucky, airport when he heard what he first thought was a transformer explosion and quickly realized was more horrific.

The Key to a Winning 401(k)

: when to start, how much to save, and where to invest. The investing decision has drawn more attention as government regulators work to open 401(k) plans to alternative assets such as .

The $43B Big Pharma Story is Starting Over-With a New Player - Ad

Big Pharma once paid $43B for a small biotech with a similar platform. Now, a new company is following that same playbook, leveraging its patented delivery technology to attract partnerships and near-term revenue potential.

Why Is Sigma Lithium Stock Gaining Friday?

Sigma Lithium posts Q3 revenue of $28.5M, EPS loss narrows to 10 cents, as sales volumes rise 21% and lithium prices jump 33% Q/Q.

Dan Ives Calls Nvidia The 'Indisputable Rocky Balboa' Of AI And Gene Munster Agrees As The Jensen Huang-Led Tech Giant Faces Rare November Slump

Despite a rare November stock pullback and rising competition from Google and Broadcom, analysts including Dan Ives and Gene Munster continue to hail Nvidia as the leading force in the AI chip market.

Legally "Skim" $6,361 Into Your Account? - Ad

A former hedge fund manager is now sharing his "Skim Codes" with regular people. They're not stocks. They're not crypto. They're 18-character codes designed to profit from recent market conditions. All you have to do is punch them into an ordinary brokerage account. 84% of these codes have given people the chance to generate cash payouts so far... and his next code is going out any day now.

Latest opioid settlement plan with OxyContin maker Purdue and Sackler family getting few objections

NEW YORK (AP) — Lawyers representing OxyContin maker Purdue Pharma, branches of the Sackler family that own it, cities, states, counties, Native American tribes, people with addiction and others across the U.S. are expected to deliver a nearly unanimous message for a bankruptcy court judge Friday: Approve a plan to settle thousands of opioid-related lawsuits against the company.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service