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Results for " State " 21,232 found 🔀 AI-powered Shuffle

Illinois overscomes clunky start, extends winning streak to 10

CHAMPAIGN — Illinois freshman sensation Keaton Wagler was welcomed with an especially loud cheer from the State Farm Center crowd as he was introduced on Thursday night. And for a microscopic moment, it appeared history could continue to follow him as he was the only Illini to score points through the first six-plus minutes of […]

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Jan 29 • 11:17 PM EST • Sports • thechampaignroom.com
Lavergne scores 23, Louisiana beats Georgia State 82-72

LAFAYETTE, La. (AP) De'Vion Lavergne's 23 points helped Louisiana defeat Georgia State 82-72 on Thursday.

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Jan 29 • 10:43 PM EST • Sports • cbssports.com
Nintendo Responds To Dispatch Switch Censorship With Official Statement

Following a response from AdHoc Studio

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Jan 29 • 10:30 PM EST • Technology • nintendolife.com
NC State downs Boston College, 106-84

Normally you might have to worry a little bit if you give up 16 made threes, but not so on Thursday night, as not even a ridiculously above-average shooting performance from Boston College could keep the Eagles close. NC State’s offense was relentless thanks to standout performances from Zoe Brooks, Tilda Trygger, Khamil Pierre, and […]

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Jan 29 • 10:21 PM EST • Sports • backingthepack.com
Nintendo shares statement on Dispatch censorship debacle...and it doesn't explain much (bumped to the front page)

Anyone else confused?

gonintendo.com logo
Jan 29 • 7:00 PM EST • Technology • gonintendo.com
A ‘top priority in this building’: Senate health committee seeks to broaden access to primary care

An expansive bill seeks to change the way patients access primary care by changing the ways the state pays for it.

vtdigger.org logo
Jan 29 • 6:38 PM EST • Health • vtdigger.org
AARP Examines the Importance of State Health Insurance Assistance Programs

Last month, the AARP Public Policy Institute released a report on the State Health Insurance Assistance Programs (SHIPs), outlining the critical role these Medicare counselors have in improving beneficiary health and well-being. SHIPs provide objective, free, one-on-one assistance to Medicare beneficiaries, their families, and caregivers. With locations in every state, over 2,000 offices in communities […]

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Jan 29 • 5:30 PM EST • Health • medicarerights.org
Will Cain: Celebrities pushing politics seems like a ‘relic of the past’

Fox News host Will Cain rails against Minnesota Gov. Tim Walz for his comparisons of the Trump administration’s immigration enforcement operation in his state to the Battle of Gettysburg and the story of Anne Frank on ‘The Will Cain Show.’

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Jan 29 • 4:53 PM EST • Politics • foxnews.com
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CBIA spotlights affordability, workforce ahead of legislative session

Connecticut’s largest business association laid out a policy agenda Thursday that addresses the needs of the state’s small businesses.

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Jan 29 • 4:45 PM EST • Business • ctmirror.org
U.S. Department of State and National Football League Sports Diplomacy Partnership - United States Department of State

Today, the U.S. Department of State and the National Football League (NFL) announced a partnership to support and enhance the Department’s sports diplomacy initiatives and to collaborate on major sporting events, including international NFL games, the Super Bowl, and the debut of flag football at the 2028 Summer Games in Los Angeles (LA28). As American […]

state.gov logo
Jan 29 • 4:39 PM EST • Sports • state.gov
UND Nistler College of Business & Public Administration announces newly named Fransen Department of Real Estate, Economics & Finance

UND alum Bob Fransen's gift establishes real estate major, renames department

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Jan 29 • 4:36 PM EST • Business • blogs.und.edu
Judge to weigh political motives in ICE surge

A federal judge has asked the Trump administration to respond to allegations from the state’s leaders that Operation Metro Surge is motivated by animosity toward Minnesota.

startribune.com logo
Jan 29 • 4:32 PM EST • Politics • startribune.com
‘OPB Politics Now’: ICE, transportation and a looming state budget hole

Oregon lawmakers return to Salem, plus the Republican gubernatorial primary field continues to expand.

opb.org logo
Jan 29 • 3:30 PM EST • Politics • opb.org
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ICE Will Play a Big Factor in the Maine Senate Race

Seems like Republican senator Susan Collins is trying to take credit for the agency’s removal from the state. Governor Janet Mills, who’s challenging for her seat, had a rebuttal.

esquire.com logo
Jan 29 • 2:50 PM EST • Politics • esquire.com
Dispute over the Olympic medal stripped from US gymnast Jordan Chiles goes back to Swiss court

A gymnastics medal disputed by the United States and Romania at the 2024 Paris Olympics is heading for a fresh legal review in a Swiss court.

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Jan 29 • 2:23 PM EST • Sports • cnn.com
City & State New York Recognizes Two Leaders From NYC Health + Hospitals And MetroPlusHealth On 2026 "Trailblazers in Healthcare" List - NYC Health + Hospitals

NYC Health + Hospitals announced that NYC Health + Hospitals/Elmhurst Director of Oral and maxillofacial surgery Dr. Maryam Akbari and MetroPlusHealth

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Jan 29 • 1:07 PM EST • Health • nychealthandhospitals.org
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Multiple Upstate NY businesses to close Friday for national anti-ICE shutdown

Multiple cafes, restaurants and shops across Upstate New York will close their doors Friday in protest of recent federal immigration enforcement.

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Jan 29 • 12:29 PM EST • Business • syracuse.com
City & State New York Recognizes Two Leaders From NYC Health + Hospitals And MetroPlusHealth On 2026 "Trainblazers in Healthcare" List - NYC Health + Hospitals

NYC Health + Hospitals announced that NYC Health + Hospitals/Elmhurst Director of Oral and maxillofacial surgery Dr. Maryam Akbari and MetroPlusHealth

nychealthandhospitals.org logo
Jan 29 • 12:24 PM EST • Health • nychealthandhospitals.org
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States are the next vaccine battleground

This is the web edition of STAT's D.C. Diagnosis newsletter.

statnews.com logo
Jan 29 • 12:07 PM EST • Health • statnews.com
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Anne's College professor selected to Digital Science Communication Fellowship

Florida State University Margaret A. Sitton Endowed Professor Michael Ormsbee has been selected for the 2026 Digital Science Communication Fellowship, a

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Jan 29 • 12:02 PM EST • Science • news.fsu.edu
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Michigan State business school to host ‘Rails to the Future' conference

TROY, Mich. — Michigan State University’s Eli Broad College of Business will host “Rails to the Future: 200 Year of Progress, Building What’s Next,” a conference featuring key rail industry officials May 11-13 at the MSU Management Education Center in Troy. Keynote speakers will include Federal Railroad Adminstration Administrator David Fink; Surface Transportation Board [...] Read More...

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Jan 29 • 11:44 AM EST • Business • trains.com
U.P. college town to create business incubator where it’s ‘safe to fail’

Houghton won a $3.9 million state grant that’s making this and other projects possible.

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Jan 29 • 11:39 AM EST • Business • mlive.com
APSU’s College of STEM announces spring Science on Tap slate

The Austin Peay State University (APSU) College of Science, Technology, Engineering and Mathematics (STEM) has announced a four-date Science on Tap slate for Spring 2026.

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Jan 29 • 11:37 AM EST • Science • clarksvillenow.com
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Buncombe County officials hold public health briefing to address rise in measles

Buncombe County Public Health officials will hold a media briefing Thursday morning to update the community on measles in the county and state.

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Jan 29 • 10:56 AM EST • Health • wlos.com
World discovers it can hedge US trade risk

It will be many years before the United States' allies can contemplate dispensing with the need for its military might or challenging the tech supremacy of its Silicon Valley giants.

reuters.com logo
Jan 29 • 10:40 AM EST • Business • reuters.com
Galaxy Z TriFold seemingly won’t allow trade-ins, as it briefly went up for sale early

Samsung announced earlier this week that the Galaxy Z TriFold would be available for purchase in the United States on...

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Jan 29 • 10:40 AM EST • Technology • 9to5google.com
Glow Golf, Blind Boxes, and DIY Crafts Bring New Entertainment and Retail to South Shore Plaza - Boston Real Estate Times

Braintree, Mass.— South Shore Plaza, the premier shopping and dining destination south of Boston, has unveiled three new additions aimed at expanding its interactive and creative offerings: Aloha Mini Glow […]

bostonrealestatetimes.com logo
Jan 29 • 10:18 AM EST • Entertainment • bostonrealestatetimes.com
Hy-Vee launches a new food health tool. How does it work?

A new online tool for Hy-Vee aims to help customers simplify evaluating their food choices for better health.

desmoinesregister.com logo
Jan 29 • 8:30 AM EST • Health • desmoinesregister.com
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Syracuse mayor to deliver her first State of the City address

Mayor Sharon Owens' speech will begin at Nottingham High School at 6 p.m.

spectrumlocalnews.com logo
Jan 29 • 8:19 AM EST • Politics • spectrumlocalnews.com
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SEC survey results: Fans on the state of the conference, Indiana and the future of the sport

By and large, SEC football fans are humbled. However, they’re not in a panic, based on the results of a reader survey by The Athletic.

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Jan 29 • 8:00 AM EST • Sports • nytimes.com
California’s health care workforce crisis is a policy choice

“California should redouble our own state investments in health care workforce pathways and financial support for students.”

sacbee.com logo
Jan 29 • 8:00 AM EST • Health • sacbee.com
Mia Bonta pleads for ‘pandemic-level’ response to Feds’ gutting of Medi-Cal

Up to two million of the state’s lowest-income people may lose health insurance due to federal changes. Bonta wants to lead the charge to stop that.

sacbee.com logo
Jan 29 • 8:00 AM EST • Health • sacbee.com
AI Real Estate Business Taps $100 Million Private Credit Loan

Propy, a real estate technology company, tapped the private credit market for the first time, securing $100 million to support the startup’s acquisition strategy.

bloomberg.com logo
Jan 29 • 8:00 AM EST • Business • bloomberg.com
A new approach to challenging state abortion bans

And more health news from the Morning Rounds newsletter

statnews.com logo
Jan 29 • 7:49 AM EST • Health • statnews.com
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Escape from Washington? Senators look to start new chapters as governors

U.S. senators are increasingly looking to leave Washington for leadership roles in their home states

washingtonpost.com logo
Jan 29 • 7:41 AM EST • Politics • washingtonpost.com
Escape from Washington? Senators look to start new chapters as governors

U.S. senators are increasingly looking to leave Washington for leadership roles in their home states.

click2houston.com logo
Jan 29 • 7:40 AM EST • Politics • click2houston.com
Sen. Amy Klobuchar launches her bid for Minnesota governor

Sen. Amy Klobuchar launched a Democratic bid for governor on Thursday, pledging to unify her state and move beyond a deadly battle with the federal government over immigration.

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Jan 29 • 7:00 AM EST • Politics • cnn.com
Nearly 2,000 Products Recalled in 3 States After Being Exposed to Rodent Waste—FDA Issues Risk Warning

Diet Coke, Hershey's, and Tylenol are among the many popular products under recall. They were held in a facility with rodent and bird waste.

health.com logo
Jan 29 • 7:00 AM EST • Health • health.com
Mike McCarthy makes bold statement about Steelers’ playcalling

Pittsburgh Steelers head coach Mike McCarthy didn’t mince words regarding the possibility of him calling plays on offense.

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Jan 29 • 5:09 AM EST • Sports • steelerswire.usatoday.com
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Louisiana restructured child care tax credits for businesses to help families, workers

State leaders restructured and renamed a tax credit program for childcare businesses and businesses that invest in child care, which early childhood education advocates say will increase the quality of child care and ease parents back into the workforce.

theadvocate.com logo
Jan 29 • 5:00 AM EST • Business • theadvocate.com
NJ's employment, economic numbers look bad. Can Sherrill fix that?

Mikie Sherrill has taken office as governor as New Jersey faces economic hurdles. The state’s gross domestic product lags behind much of the nation.

northjersey.com logo
Jan 29 • 4:31 AM EST • Business • northjersey.com
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Analysis: Trump 2.0 sees terrorism all over the place

The Trump administration is living in a state of perpetual terror, both foreign and domestic.

cnn.com logo
Jan 29 • 4:00 AM EST • Politics • cnn.com
Opinion: Colorado’s plan to cut sexual health education funding would erase real gains for rural students

The statewide program is a key element in Colorado’s commitment to support the mental health and well-being of our young people.

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Jan 29 • 3:30 AM EST • Health • coloradosun.com
Inside Maryland’s High-Stakes Bid for Trump’s $50 Billion Rural Health Fund

The White House asked states to compete for a rare pot of new money dedicated to transforming health care across rural America.

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Jan 29 • 3:01 AM EST • Health • tradeoffs.org
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Trump’s National Guard deployments have cost taxpayers nearly $500 million dollars

President Donald Trump’s sweeping deployment of National Guard troops to several major cities across the United States cost taxpayers approximately $496 million from June through December last year, according to an estimate from the Congressional Budget Office.

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Jan 29 • 2:07 AM EST • Politics • cnn.com
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Xavier 68-86 Seton Hall: What was that?

My first job in high school was cleaning bathrooms at a state park campground. Camping is a foul enough activity, but what people did in those bathrooms defies explanation. I say this to let you know I have stared into the dark heart of a man experiencing a bowel emergency and apparently the desire to […]

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Jan 29 • 12:55 AM EST • Sports • bannersontheparkway.com
Washington State earns 70-58 victory over Seattle U

PULLMAN, Wash. (AP) Rihards Vavers had 24 points in Washington State's 70-58 win over Seattle U on Wednesday night.

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Jan 29 • 12:40 AM EST • Sports • cbssports.com
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State approves tax credits for 6 business projects, including 2 in Cuyahoga County

CSA America Testing & Certification and Rupes USA are expanding in Cuyahoga County with tax credits from the Ohio Tax Credit Authority.

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Jan 28 • 10:50 PM EST • Business • cleveland.com
Justice Department bracing for more resignations in Minnesota

The Justice Department is bracing for a new wave of resignations in the Minnesota federal prosecutors’ office over recent immigration enforcement efforts in the state, sources familiar with the matter said.

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Jan 28 • 10:25 PM EST • Politics • cnn.com
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NWSL players dig into grass vs. turf debate and more at media day

At NWSL media day, players gave their thoughts on the general state of affairs, from fresh starts with new teams to the growth of the league.

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Jan 28 • 10:11 PM EST • Sports • usatoday.com
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Yuba City eyes $8.5 million state grant for new regional sports complex

A new regional youth sports complex could be coming to Yuba City. The city's public works department is planning to apply for a state grant that could award up to $8.5 million through a revitalization program.

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Jan 28 • 9:23 PM EST • Sports • cbsnews.com
High-Signal Publisher
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Prosecution requests July 1 state trial for Mangione in health care executive's killing

Defense attorneys for Luigi Mangione, charged with fatally shooting UnitedHealthcare CEO Brian Thompson in 2024, said the date is unrealistic with a federal case also pending.

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Jan 28 • 8:46 PM EST • Health • nbcnews.com
High-Signal Publisher
Winners of 2026 Southwest Wyoming Regional Science Fair Announced

ROCK SPRINGS — Western Wyoming Community College hosted 68 students from five different schools participating in the Southwest Wyoming Regional Science Fair Jan. 22. “The science fair gives students statewide a chance to showcase their scientific creativity and ingenuity. We deeply appreciate the participating students and the teachers and families who support them,” David Tanner,

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Jan 28 • 7:51 PM EST • Science • sweetwaternow.com
Senators probe experts during Capitol Hill investigation into Palisades fire

The state and local response to the Palisades fire last year was back under a microscope

spectrumlocalnews.com logo
Jan 28 • 7:50 PM EST • Politics • spectrumlocalnews.com
US ski resorts devastated as worsening crisis impacts business: 'It's been really slow'

"You lose people, employees."

yahoo.com logo
Jan 28 • 7:45 PM EST • Business • yahoo.com
Ohio State football adds experienced offensive lineman from portal

Ohio State football is not done with the transfer portal. The Buckeyes added a veteran offensive lineman on Wednesday.

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Jan 28 • 7:35 PM EST • Sports • buckeyeswire.usatoday.com
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Hochul downplays Mamdani's ask for tax hikes

She argued the state has enough cash to pay for current operations.

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Jan 28 • 7:00 PM EST • Politics • ny1.com
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New York lawmakers join in calling for ICE’s removal from Minnesota

Dozens of New York state senators and assemblymembers released a joint statement Wednesday at the State Capitol.

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Jan 28 • 6:01 PM EST • Politics • spectrumlocalnews.com
Tenor Health's acquisition of Moses Taylor, Regional and Wilkes-Barre General hospitals gets OK by state, foundation executive says
wnep.com logo
Jan 28 • 5:39 PM EST • Health • wnep.com
Teen Mental Health and School-Based Services in California

About 3 in 10 California teens report serious psychological distress, yet significant gaps exist between the need for mental health care and receipt of services. This report examines teen mental health and access to care across demographic groups and describes how state and district funding have expanded school-based solutions.

ppic.org logo
Jan 28 • 5:38 PM EST • Health • ppic.org
Policy Brief: Teen Mental Health and School-Based Services in California

Rates of chronic sadness and suicidal thoughts in teens have been rising in California—and nationwide—since about 2009. Significant gaps exist between the reported need for mental health care and receipt of services. The state has recently invested $8 billion for child and teen mental health, including school-based services.

ppic.org logo
Jan 28 • 5:34 PM EST • Health • ppic.org
Accountant stole more than $1M from N.J. business owner to fund sports betting, mortgage, state says

He is accused of using the funds for sports betting, credit card bills and mortgage payments, authorities said.

nj.com logo
Jan 28 • 5:18 PM EST • Business • nj.com
Virginia Tech visits coveted in-state LB Noah Glover

It’s a new era for Virginia Tech football and new head coach James Franklin is looking to make an impact on the recruiting trail for the Hokies. Virginia itself has been on the rise when it comes to producing blue-chip talent at the high school level. The 2026 cycle had multiple top-100 prospects in the […]

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Jan 28 • 4:58 PM EST • Sports • on3.com
$10 million gift to fuel transdisciplinary data science

Tom and Cathie Woteki, an alumni couple who made profound contributions to the fields of public health and applications of enterprise computing in their careers, have made a $10 million estate gift commitment to endow multiple faculty positions or fellowships, as well as create graduate fellowships, in the College of Science and College of Agriculture and Life Sciences.

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Jan 28 • 4:58 PM EST • Science • news.vt.edu
Giannis Reaction, NFL Coaching Carousel, and State of the Agent Business

The guys dive straight into the latest news around Giannis Antetokounmpo, as well as the NFL coaching carousel. Speaking of coaches, today’s edition of Five-Minute Max has to do with yesterday’s Bill Belichick news. Plus, after what transpired at Clemson, Rich wants to talk about the state of the agent business, including why ‘Jerry Maguire’ actually hurt that business!

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Jan 28 • 4:54 PM EST • Business • theringer.com
Minn. companies pool funds to help small businesses amidst immigration enforcement surge

A couple dozen Minnesota companies have contributed about $4 million to a grant fund to support small businesses in the state as they navigate the challenges of meeting payroll and paying rent amidst the immigration enforcement surge.

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Jan 28 • 4:30 PM EST • Business • mprnews.org
Eau Claire County Health Department releases measles and respiratory update

The Eau Claire City-County Health Department’s communicable disease team released statements about both measles and a respiratory update.

weau.com logo
Jan 28 • 3:34 PM EST • Health • weau.com
Sacramento Bee adds political reporting firepower at California Capitol

Ben Paviour will join The Bee next month as California Political Power Reporter, delivering exclusive storytelling on Statehouse politics.

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Jan 28 • 1:53 PM EST • Politics • sacbee.com
CBS Sports Classic adds Kansas to field including Kentucky, UNC, Ohio State

KU is the newest addition to the four-team field signed through 2029 to participate in the annual CBS Sports Classic

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Jan 28 • 1:15 PM EST • Sports • cbssports.com
Marco Rubio admits Trump confused Iceland with Greenland

Secretary of State Marco Rubio admitted during a Senate hearing on Jan. 28 that his boss confused Iceland with Greenland during a speech last week.

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Jan 28 • 12:45 PM EST • Politics • usatoday.com
Social Sciences in the News: Political Science Professor Omar Wasow

Political Science Professor Omar Wasow authored an op-ed in The New York Times titled "We’re Seeing the Weakness of a Strong State." I study the political consequences of protest and state violence.

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Jan 28 • 12:38 PM EST • Science • ls.berkeley.edu
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Sterling agrees Chelsea exit after troubled spell

Raheem Sterling left Chelsea by mutual consent on Wednesday as the former England forward finally ended his nightmare spell at Stamford Bridge."Raheem Sterling has today departed Chelsea Football Club by mutual agreement, bringing to an end three-and-a-half seasons as our player," a Chelsea statement said.

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Jan 28 • 12:03 PM EST • Sports • sports.yahoo.com
WATCH: Coons, Rubio disagree on whether Congress should’ve been consulted before Maduro ouster

Sen. Chris Coons, D-Del., said the Trump administration failed to properly consult with Congress in the months leading up to the dramatic U.S. military raid that ousted President Nicolás Maduro. Secretary of State Marco Rubio said it was "a trigger-based operation."

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Jan 28 • 11:41 AM EST • Politics • pbs.org
🙂 Positive (35%)
Florida Sheriffs swing behind Byron Donalds in Governor’s race

Law enforcement support builds as Donalds consolidates Republican primary momentum statewide

floridapolitics.com logo
Jan 28 • 11:32 AM EST • Politics • floridapolitics.com
Read the email Amazon is sending to laid-off employees

The notifications state that employees will receive full pay and benefits for 90 days.

businessinsider.com logo
Jan 28 • 11:14 AM EST • Business • businessinsider.com
🙂 Positive (50%)
2nd Show Announced for State Fair 2026 Concert Lineup

The Great New York State Fair has announced its second music act for Suburban Park.

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Jan 28 • 11:07 AM EST • Entertainment • wktv.com
Here's what to know about the $50 billion states are getting for rural health

To satisfy Republicans opposed to last summer's cuts to health care, the Trump administration launched an ambitious 5-year initiative known as the Rural Health Transformation Program.

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Jan 28 • 10:47 AM EST • Health • npr.org
High-Signal Publisher
Maduro was an 'impediment to progress' and refused deal, Rubio says

Secretary of State Marco Rubio made the comments at a Jan. 28 Senate hearing on Venezuela.

usatoday.com logo
Jan 28 • 10:39 AM EST • Politics • usatoday.com
KPN Consulting Services Announces Over 20M USD in Business Acquisitions and Launch of Financial Wealth Symposium

CHARLOTTE, NC, UNITED STATES360-Degree Consulting Firm Expands Economic Empowerment Footprint Through Strategic

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Jan 28 • 10:21 AM EST • Business • usatoday.xpr-gannett.com
Is Wyoming hoops stuck in purgatory within modern college basketball?

Every season for a reasonably successful mid-major university begins in a similar fashion. They schedule a few in-state cupcakes as the season and home openers before, if they are lucky enough, participating in an ever-declining MTE tournament during the week of Thanksgiving. Throw in a dash of high-major money labeled as “buy games” to help […]

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Jan 28 • 10:00 AM EST • Sports • mwcconnection.com
As college sports look more professional, sponsors turn to high school

High school sports, some marketers are finding, can provide brands with national reach and inroads with potential future star athletes.

marketingbrew.com logo
Jan 28 • 9:27 AM EST • Sports • marketingbrew.com
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California mental health hospitals warn over cuts after state hands down staffing rules

Psychiatric hospitals could close beds under proposed state rules if regulators don’t allow implementation time, facilities warn.

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Jan 28 • 8:30 AM EST • Health • calmatters.org
FreshBooks 2025 Ontario Small Business Snapshot: Owners More Reserved Than U.S. Peers, but Most Say Their Businesses Are Stable

Ontario survey data shows lower optimism and higher interest-rate sensitivity than U.S. counterparts, while operating conditions stay steady for most businessesTORONTO, Jan. 28, 2026 (GLOBE NEWSWIRE) -- Ontario small business owners are entering 2026 with a more reserved outlook than their U.S. counterparts, reflected in lower economic optimism, softer financial sentiment, and greater sensitivity to interest rates, according to a new Ontario snapshot from FreshBooks’ 2025 State of Small Business

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Jan 28 • 7:29 AM EST • Business • finance.yahoo.com
Teamsters California endorses proposed billionaires tax

Teamsters California, with 250,000 members statewide, becomes the largest union to back the proposed November ballot measure to enact a onetime billionaires tax.

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Jan 28 • 7:00 AM EST • Politics • sfchronicle.com
As the U.S. bids adieu to the World Health Organization, California says hello

In the wake of the U.S. withdrawal from WHO, California is the first state to participate in the agency's disease monitoring network. Are others following?

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Jan 28 • 6:47 AM EST • Health • npr.org
High-Signal Publisher
Who was Ajit Pawar, the Indian politician killed in plane crash?

Pawar was a key political figure and served as second-highest elected official in Maharashtra, India's wealthiest state.

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Jan 28 • 6:25 AM EST • Politics • aljazeera.com
Expiration of federal health insurance subsidies: What to know in California

Thousands in California who rely on the state-run health insurance marketplace face premiums that are thousands of dollars higher as federal subsidies expire.

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Jan 28 • 6:00 AM EST • Health • latimes.com
Investment and Statecraft: The International Politics of Sovereign Wealth Funds - Georgetown Journal of International Affairs

In 1953, Kuwait established the world’s first sovereign wealth fund to invest the country’s oil revenues and generate returns that would reduce its reliance on a single resource. Since then, over 100 separate funds have been created to preserve national wealth and ensure long-term fiscal sustainability. Today, they manage over $10 trillion in global assets. In this discussion with GJIA, political economist Kathryn Lavelle explains the increasingly novel dynamics that surround fund behavior and what the world can come to expect from their growing presence in international financial markets. GJIA: When it comes to the roles sovereign wealth funds (SWFs) play in global markets and politics, what would you say makes them unique? Kathryn Lavelle: Sovereign wealth funds (SWFs) operate on behalf of governments as investors. That in itself is a strange relationship. Within them, a core contest takes place between the state’s interests (or sovereign) part of the dynamic, and the money interests (or wealth) part of it, and these two aspects are frequently in contradiction, serving fundamentally different goals. SWFs are also quite fascinating because when you talk to the people who manage these funds, they have an interest in convincing you that the decisions are made almost exclusively on a financial basis—they really will go to great lengths to differentiate their government owners and those who make the management decisions. At the same time, these people ultimately answer to someone in power. Therefore, for most SWFs, it remains deeply unclear who is actually making the investment decisions and for what purposes. Of course, it is not always clear how other vehicles, such as hedge funds and private equity make the decisions they do, but I think what a lot of people find particularly disconcerting about SWFs is that they seem to act on behalf of people who have a different identity from their own. People who could be trying to manipulate politics and markets in a way that would have a long-term effect on their own populations. Regular investors come and go at will, and they only share an interest in profit as far as most of us understand. However, SWFs have that extra “sovereign” part right behind them that obscures their true interest. GJIA: These funds can be found in countries all across the globe, in both authoritarian states and democracies. Would you say SWFs differ in their goals and structures between regime-type? KL: It is not necessarily regime type that makes the goals and structures of SWFs different. It has to do with their economies. Let’s look at a country like China. There’s going to be a debate about exactly how to characterize the regime, but it is a country with many different kinds of sovereign wealth funds, and a particularly opaque state connection to each. At one time, some of the state-owned Chinese oil companies created specialized investment vehicles listed outside Chinese markets that excluded parts of the firms that were more associated with human rights violations. At the same time, the China Investment Corporation (CIC)­—China’s largest SWF—draws a lot of concern, not necessarily because of its investment activities, but because of the dynamics of global politics. So, I wouldn’t really tie differences to regime types themselves in a wholesale way, but rather to how such funds are perceived and how they are structured. Saudi Arabia’s SWF is getting all kinds of attention for its involvement in Hollywood, and this takes me right back to when I was a student in the 1980s, when people were concerned about Japanese investment entities buying assets in Hollywood. They aren’t quite the same in financial terms, but it’s the same kind of concern about foreign investment that drives people to be suspicious, and the whole idea that “foreigners are influencing Hollywood.” This holds true across industries, and it reflects where politics are in places like the United States right now. One metric we can try to look at is transparency, where all the funds will tell you, “we are transparent.” The problem you’ll keep running into with this approach is how you value things. When trying to do comparative studies of equity markets, you’ll find that every country doesn’t use Generally Accepted Accounting Principles like we do in the United States. A fund may appear opaque politically and not want people to show what they’re invested in or what their intent with that investment is, but they could also just not be able to report it because of the way it was purchased, or the kinds of shares they purchased. There are some assets out there that really are difficult to put a monetary value on. GJIA: To what extent do domestic politics shape SWF behavior in both the investing “home” country and the recipient “host” country? KL: This depends on the type of fund present and also on the extent to which voters’ political views are able to influence the fund. For example, in a democratic home state like Norway, the SWF doesn’t invest in nuclear weapons or tobacco because of social concerns, but there is a continuing debate over whether it should invest in oil, even though that’s where most of the money comes from. The degree to which Norway will continue to make those investments, and whether they contradict the government’s overall climate goals, is an open question in Norwegian politics. Because of the way the fund’s governance is structured, it may not be easy to resolve. On the other hand, some people consider pension funds, like the State Teachers Retirement System (STRS) in Ohio, to be quasi-SWF. They have a very strict separation between the people who make up the management division and the fund owners. No teacher or professor would want to invest in things that may harm the future of their students. At the same time, a fund manager might see an opportunity in a diversified multinational corporation that offers a good return, despite it deriving part of its revenue from e-cigarettes. These contests are very apparent. Domestic politics can work in host countries too. A good example is Singapore’s SWF, Temasek, investing in Thailand’s telecommunications sector. If you study political economy, you already know that countries everywhere are uncomfortable with foreign ownership of their telecom sectors because a foreign entity could monitor or manipulate our communications with each other. In the case of Temasek, there was significant pushback from Thai citizens surrounding the deal, which went on to influence national political sentiment toward Singapore as a whole, underscoring the risks some SWFs may face with their investment choices. In this case, fund behavior led to the dissolution of the entire Thai government in 2006 and a subsequent coup d’état. GJIA: To address some of this unease, the Santiago Principles were established in 2009 to ostensibly promote trust and transparency. From your perspective, have these mechanisms actually changed fund behavior? KL: In international relations theory, we always like to have a clear set of norms and best practices­—the orientation we want the proverbial ship to be going in. In that regard, the Santiago Principles at least got the discussion going about which direction SWFs should take at a time when people were very skittish about the growing size of these funds. Nobody wanted them to be out there and potentially destabilizing economies, so talks about disclosure, conditions for withdrawal, and the independence of managers were helpful when initiated. The biggest stumbling block was that there wasn’t exactly a good way to measure compliance with the Principles, let alone how to hold funds to them. If you read the Principles, they’re overall quite vague. In general, a fund doesn’t want to reveal how and why they make certain investment decisions because that information is proprietary—a fund makes money off of how and why it makes decisions—so how do you reconcile that with loosely-defined ideas of openness? Some decisions might have a political purpose. The bottom line is that trying to figure out and assign a score to compliance is not easy, and it is therefore the reason why the Santiago Principles never really got off the ground to the point where they could truly direct fund behavior. GJIA: Many emerging markets are looking to build their own SWFs from mineral and oil revenues. Historically, have funds shaped development trajectories in these countries? KL: I think the big story in international emerging markets investment is that the investment is increasingly no longer unidirectional. In the past multinational corporations of primarily Western background were the main form of foreign direct investment in a country. That has changed dramatically, to the point where you have companies from so-called “developing countries” taking over companies in the United States. Therefore, the landscape of international investment has changed, and I think SWFs are certainly a possibility to be the next step in the game. Historically, you didn’t need an entire financial vehicle to reinvest commodity revenues in your country, but as emerging markets get more financially sophisticated, their capacity to operate such funds has increased. SWFs would allow treasuries to move from relying on holding foreign exchange assets like cash or government bonds to having broader financial markets and targeted growth areas, while easing pressure on welfare expenditures. GJIA: With their increasing financial weight, do you see the presence of SWFs being a factor in the political choices leaders will have to make with regard to domestic and foreign policy? KL: It will depend on just how big the funds get. One of the reasons people are already apprehensive is because of their scale, and if certain SWFs in certain countries achieve a large-enough size, the presence will absolutely be cause for concern. The other factor political leaders will have to consider are their objectives. It’s not always clear how to define a SWF, or even where its activity is concentrated, but it is certainly a worry from the perspective of national security of opaque external investment. More than that, I think one of the most interesting questions going forward is whether the United States, the home to the world’s largest financial markets, will develop its own fund, for which the Trump administration announced a plan. There have also been several proposals in Congress. Were it to come into being, it would have tremendous weight. At the same time, one of the hallmarks of U.S. capitalism is a lack of government ownership of shares, so it would not be clear how such a fund would be received in domestic politics, or which direction it would take. Given how politically fragmented the country is, a Democratic administration would likely be concerned about different sectors of the economy, such as healthcare, and want investment there, rather than a Republican administration, which might prefer defense industries. No investment vehicle could thrive under conditions of such instability. Moreover, it remains unclear where the money to fund a theoretical U.S. SWF would come from. It would be a fundamentally different entity depending on whether it is financed with debt, economic surplus, commodities, or the sale of state companies, as in the case of Singapore. If it is debt, or government borrowing of some form, then the fund would have to outperform whatever the cost of that debt is, which is not an easy thing to do. I think our political leaders have enough on their plate. Our system has worked well keeping political and investment functions generally separate. We have seen different forms of business rise and fall, and even the perception of different countries, all of which funds are tied to. Unless a major SWF either starts—like in the case of the United States—or collapses—an issue that concerns the Saudis, I don’t see any political tsunamis on the horizon. . . . Kathryn Lavelle is the Ellen and Dixon Long Professor of World Affairs at Case Western Reserve University in Cleveland, Ohio. Her research explores the exchange between domestic and international and political institutions with a particular emphasis on political economy and multilateralism. Dr. Lavelle’s first book, The Politics of Equity Finance in Emerging Markets, explored the political circumstances that surround large issues of stock in the developing world. After being granted tenure at Case Western, she was awarded an American Political Science Association Congressional Fellowship and named the William A. Steiger fellow, a designation given to the most promising political scientist in her class of fellows. While in Washington during 2006-2007, she worked on the staff of the House Committee on Financial Services on issues related to domestic and international monetary policy. Dr. Lavelle holds a PhD in political science from Northwestern University; an M.A. in government and foreign affairs from the University of Virginia; and a bachelor’s degree in international economics from Georgetown University. She is a permanent member of the New York Council on Foreign Relations. This transcript has been lightly edited for clarity and length. Interview conducted by Sid Mehrotra. Image Credit: Jason Leung, Unsplash Content Licenses, via Unsplash

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Jan 28 • 6:00 AM EST • Politics • gjia.georgetown.edu
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Jan 28 • 3:00 AM EST • Science • npr.org
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