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Lake Street business owner joins with Latino nonprofit to raise $1M for families

Effort by Colonial Market one of many Minnesota fundraisers popping up to help people impacted by the immigration crackdown.

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Feb 1 • 7:00 AM EST • Business • startribune.com
Healthcare experts warn 'people will die' unless state steps up amid federal cuts

As massive federal cuts are upending the health care system in California, analysts and health care professionals are urging the state to soften the blow by creating new revenue streams and helping residents navigate through the red tape.

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Feb 1 • 6:00 AM EST • Health • latimes.com
Meet the un-Gavin. Kentucky’s governor sees a different way to the White House

Andy Beshear says voters want a healer in 2028, not someone who'll match President Trump insult for insult. His focus on nuts and bolts makes him a popular blue governor in a very red state.

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Feb 1 • 6:00 AM EST • Politics • latimes.com
Gavin Newsom Memoir Describes Difficult Childhood, Contrary to Image

Mr. Newsom, the California governor and a potential presidential candidate, writes that the privileged caricature of his background is mistaken.

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Feb 1 • 5:00 AM EST • Politics • nytimes.com
Oliver Bateman: Conor Lamb shares hard-won lessons about modern politics

In March 2018, Democrat Conor Lamb defeated Republican Rick Saccone by 627 votes in a special election for Pennsylvania’s 18th Congressional District,...

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Feb 1 • 4:30 AM EST • Politics • post-gazette.com
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Hibernian vs Rangers – Match preview and team news

Rangers will face Hibernian at Easter Road on Sunday. With Hearts leading the table and Rangers climbing back into contention, this fixture presents a crucial opportunity for Danny Rohl’s side to cl...

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Feb 1 • 3:30 AM EST • Sports • thefootballfaithful.com
Shutdown? What shutdown? For DC, just another day at the office

Reviews of "Melania" were creating more buzz than the latest government shutdown. What once seemed cataclysmic is now nearly routine.

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Feb 1 • 3:02 AM EST • Politics • usatoday.com
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Inside California Politics: Matt Mahan announces run for governor

(Inside California Politics) — This week, Inside California Politics host Nikki Laurenzo sat down with Matt Mahan, who announced his run for governor on Thursday. In the one-on-one interview, the S…

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Feb 1 • 2:30 AM EST • Politics • fox40.com
High school basketball: Saturday's scores

CIF City Section and Southern Section high school boys' and girls' basketball scores for Saturday's games.

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Feb 1 • 1:06 AM EST • Sports • latimes.com
Orange County confirms second measles case in traveler who visited Disneyland, California Adventure
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Jan 31 • 8:21 PM EST • Health • cbsnews.com
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Watsonville’s Guillen records five goals in trounce over King City

Watsonville senior forward Diego Guillen notched five goals in the Wildcatz's 7-2 thumping win over King City in Pacific Coast Athletic League Mission Division boys soccer action Friday evening.

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Jan 31 • 6:46 PM EST • Sports • pajaronian.com
Man arrested after shooting in parking lot of Livonia business; no injuries
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Jan 31 • 2:53 PM EST • Business • cbsnews.com
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Public Health Department confirms first 2026 measles case in Los Angeles County

The Department of Public Health confirms the first 2026 measles case in Los Angeles County, urges protection before traveling.

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Jan 31 • 1:31 PM EST • Health • latimes.com
Anti-ICE protests impacting some Southern California businesses

Some businesses chose to close, while others remained open but supported the cause in different ways.

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Jan 31 • 12:53 PM EST • Business • foxla.com
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Israeli strikes kill at least 26 in Gaza, health ministry says, in deadliest day in months

Israeli strikes across Gaza killed at least 26 people on Saturday, according to the Palestinian Ministry of Health, the highest day’s death toll in over two months.

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Jan 31 • 8:03 AM EST • Health • cnn.com
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How viewers around the world responded to Melania Trump’s documentary

Marla Ailor attended President Donald Trump’s inauguration last year with her family, and remembered thinking it was a long day.

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Jan 31 • 7:00 AM EST • Politics • cnn.com
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‘Food is medicine’ and the $800M shortfall: How WV hopes to change rural health care

With West Virginia now poised to lose hundreds of millions of dollars annually in federal health care funding, Gov. Patrick Morrisey plans to embrace a “food-is-medicine” movement to bridge the gap and make the state’s residents healthier so they’re less reliant on the health care system.

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Jan 31 • 7:00 AM EST • Health • wvgazettemail.com
Californian tech company to move headquarters to Florida

D-Wave Quantum Inc. said it will relocate its headquarters to Boca Raton, Fla., before the end of the year.

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Jan 31 • 6:00 AM EST • Business • latimes.com
New message from top Democrats: The U.S. Justice Department can't be trusted

Leading Democrats' remarks that the U.S. Department of Justice cannot be trusted hold stunning implications for American democracy, and followed a week of equally stunning actions by the department.

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Jan 31 • 6:00 AM EST • Politics • latimes.com
Israeli strikes kill 12 in Gaza, health ministry says

Israeli airstrikes in Gaza killed at least 12 people, the Palestinian health ministry said, with children reported to be among the fatalities in the latest violence rattling a tenuous ceasefire.

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Jan 31 • 4:33 AM EST • Health • reuters.com
California Attorney General Rob Bonta sues Rady Children's Health for dropping gender-affirming care

California Attorney General Rob Bonta filed a lawsuit against Rady Children's Health on Friday for shuttering its gender-affirming care program for patients under the age of 19.

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Jan 31 • 2:22 AM EST • Health • nbcsandiego.com
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Response to Melania Trump documentary reflects America’s political division

CARMEL, Ind. — Marla Ailor attended President Donald Trump’s inauguration last year with her family, and remembered thinking it was a long day. So she ...

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Jan 31 • 2:16 AM EST • Politics • toledoblade.com
USC puts height, rebounding up against smaller Rutgers

Southern California returns home to Los Angeles on Saturday for a Big Ten Conference tilt against a recently sputtering Rutgers squad.

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Jan 30 • 11:17 PM EST • Sports • cbssports.com
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Planned Parenthood, reproductive healthcare could receive $90 million in new state funding

California will bolster funding for Planned Parenthood and other providers of reproductive health with a one-time infusion of $90 million, leaders of the state Legislature announced Friday.

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Jan 30 • 11:00 PM EST • Health • latimes.com
Siena earns 82-79 win over Niagara

LEWISTON, N.Y. (AP) Justice Shoats scored 25 points to help Siena defeat Niagara 82-79 on Friday.

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Jan 30 • 9:50 PM EST • Sports • cbssports.com
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Government shutdown or ICE accountability? Senator says that's 'bottom line'

On the verge of another government shutdown, California Sen. Alex Padilla wants more accountability for ICE and less funding for Homeland Security.

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Jan 30 • 7:56 PM EST • Politics • usatoday.com
Treysen Eaglestaff, West Virginia take aim at sinking Baylor

Treysen Eaglestaff was struggling to score all night in West Virginia's 59-54 win over Kansas State Tuesday, but coach Ross Hodge said the senior guard didn't let it weigh down the rest of his game.

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Jan 30 • 7:53 PM EST • Sports • cbssports.com
I’ve covered Melania Trump for more than a decade. Here’s what I learned from her new documentary

“Melania” the documentary is a big, beautiful coffee table book of a film, filled with glossy images, high fashion and a captivating soundtrack.

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Jan 30 • 7:42 PM EST • Politics • cnn.com
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Commentary: Catherine O'Hara remembered in 10 indelible roles

The Canadian actor was a versatile performer whose decades-long career took her from a comedy troupe to box office and television hits.

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Jan 30 • 7:05 PM EST • Entertainment • latimes.com
Beyond your insurance card: How Covered California is changing health care

A quality overhaul is improving chronic care--and sending grocery aid and college savings to families who need it most.

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Jan 30 • 6:27 PM EST • Health • sacbee.com
Shutdown nears as lawmakers brace for next round of ICE negotiations

Over the next two weeks, Democrats and Republicans will weigh competing demands on changes to Department of Homeland Security operations.

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Jan 30 • 6:26 PM EST • Politics • latimes.com
Epstein files release raises key question for Trump administration: From the Politics Desk

Plus, a Democratic divide in California with 2026 and 2028 campaign implications.

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Jan 30 • 5:36 PM EST • Politics • nbcnews.com
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Many Richmond businesses close as part of nationwide general strike against recent ICE actions

After many businesses throughout Central Virginia were forced to shutter their doors or alter their hours due to impacts from the winter storm, many have decided to close again on Friday, but for a…

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Jan 30 • 3:16 PM EST • Business • wric.com
Bill Maher Says Hollywood Hurting Democratic Party: “Just Shut the F*** Up”

The HBO host and comic is blaming the "woke" entertainment industry for election losses and chiming in on the local state of play in California and L.A.

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Jan 30 • 2:59 PM EST • Politics • hollywoodreporter.com
Upstart San Jose Mayor Matt Mahan joins California governor's race

San Jose Mayor Matt Mahan, a political upstart, and sometimes Newsom critic, enters his name into an already crowded fielid for California governor.

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Jan 30 • 2:33 PM EST • Politics • usatoday.com
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Melania Trump documentary won't be released in this country

Melania Trump's new documentary, "Melania," has been pulled from theaters in South Africa after the film's distributor abruptly canceled its release.

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Jan 30 • 2:14 PM EST • Entertainment • usatoday.com
Gavin Newsom says he's 'burdened by the facts' as he criticizes California billionaire wealth tax proposal

California Gov. Gavin Newsom doubled down on his criticism of the proposed billionaire wealth tax, warning it could cut school and safety funding rather than solve budget issues.

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Jan 30 • 10:34 AM EST • Business • foxbusiness.com
Eggs, hats and unfettered political ambition: what we learned about Melania Trump from her documentary

The first lady’s political goals, high-stakes clothes fittings and hints that she and Donald still have sex are just some of the highlights from Brett Ratner’s documentary

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Jan 30 • 10:13 AM EST • Politics • theguardian.com
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Canon Fodder: Parasite’s Cake

Welcome back to ye ol’ Canon Fodder in 2026, a year of rather significant proportions as Halo will be celebrating its twenty-fifth anniversary. A whole quarter of a century—our very own and very first quadranscentennial! Indeed, it has already been over a month since Halo: Edge of Dawn released, and the latest novel from Kelly […]

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Jan 30 • 8:29 AM EST • Technology • halowaypoint.com
California Crypto Billionaires Plan to Spend Tens of Millions on Moderate Candidates

Chris Larsen and Tim Draper, two outspoken Silicon Valley leaders, are planning to spend tens of millions of dollars to elect moderate state lawmakers this year.

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Jan 30 • 8:00 AM EST • Politics • nytimes.com
Groundhog Day: Light on science, heavy on fun

If ever central Pennsylvania desired an early spring, it might be this year. Learn about the history and science behind Groundhog Day.

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Jan 30 • 8:00 AM EST • Science • susqu.edu
Prep talk: Bay League has a trio of top senior pitchers for 2026 baseball season

Garrett Jacobs of Mira Costa, Robby Zimmerman of Redondo Union and Kai Van Scoyoc of Palos Verdes are pitchers to watch this spring in high school baseball.

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Jan 30 • 7:15 AM EST • Sports • latimes.com
Gavin Newsom says at SF event that he isn't sold on breaking up PG&E

"I'm not convinced," the California governor said.

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Jan 30 • 5:00 AM EST • Politics • sfgate.com
Legal battle over California's SB 1137 pits property rights against public health

BAKERSFIELD, Calif. (KBAK/KBFX) Senate Bill 1137, enacted in June 2024, has sparked a legal battle over its constitutionality.The bill establishes a 3,200-foot

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Jan 30 • 1:10 AM EST • Health • bakersfieldnow.com
Inside the premiere of Melania Trump’s not-documentary documentary

First lady Melania Trump wants you to know that her new documentary is not a documentary.

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Jan 29 • 11:56 PM EST • Politics • cnn.com
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Former Virginia Tech defensive coordinator heads back to the NFL

Former Hokies’ defensive coordinator Sam Siefkes is heading to Green Bay.

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Jan 29 • 11:48 PM EST • Sports • gobblercountry.com
Virginia Tech's task? Slow No. 4 Duke's blowout roll

Duke experienced some close calls early in its ACC schedule, but the nation's No. 2 team in the NET rankings has dominated opponents of late.

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Jan 29 • 9:46 PM EST • Sports • cbssports.com
Here's all the celebrities and political figures that stepped out for 'Melania'
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Jan 29 • 9:29 PM EST • Politics • usatoday.com
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Gen X and millennial inheritance could take a hit due to health care costs and taxes

Generation X and millennials who may be receiving an inheritance from the previous generations may be receiving less than expected due to health care costs and taxes, according to experts. NBC News' Brian Cheung breaks down how this will impact the younger generation.

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Jan 29 • 8:31 PM EST • Health • nbcnews.com
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Trump reveals when he will announce the next Fed chair

President Trump says he'll announce Jerome Powell's replacement as Federal Reserve chair Friday morning, escalating his ongoing criticism of monetary policy decisions.

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Jan 29 • 8:28 PM EST • Business • foxbusiness.com
California Democrats help lead counter-offensive against Trump immigration crackdown

Democrats seized on a growing sense, shared by some Republicans, that the campaign has gotten so out of hand that the political winds have shifted heavily in their favor.

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Jan 29 • 7:04 PM EST • Politics • latimes.com
Senate Democrats and White House strike deal to avert shutdown, continue ICE debate

The deal could be approved by the Senate as early as Thursday night, but would still need House approval before midnight Friday to avert another government shutdown.

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Jan 29 • 7:02 PM EST • Politics • latimes.com
Communities unite to address stigma and discrimination affecting people with neglected tropical diseases

Marking World Neglected Tropical Diseases (NTDs) Day, the World Health Organization (WHO) warns that millions of people living with NTDs continue to face profound and often unseen suffering due to discrimination, social stigma and untreated mental health conditions. Under the rallying theme "Unite. Act. Eliminate.", WHO and partners urge governments to integrate mental health care into NTD elimination efforts, ensuring that no one is left behind in pain or isolation.

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Jan 29 • 7:00 PM EST • Health • who.int
'New evidence' gives Jordan Chiles a chance to secure the return of her Olympic bronze medal

Switzerland's highest court has sent the case of Jordan Chiles' disputed bronze medal from the 2024 Paris Olympics back to the CAS based on 'new evidence' that might prove favorable for the U.S. gymnast.

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Jan 29 • 3:15 PM EST • Sports • latimes.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
Contractor data breach nay have exposed the protected health info of thousands of Central Oregonians

BEND, Ore. (KTVZ) -- Thousands of Central Oregonians soon will receive letters in the mail to inform them of a data breach at TriZetto Provider Solutions last fall that may have exposed the personal health information of more than 700,000 people around the country. TPS is a third-party contractor that provides insurance-eligibility verification services to

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Jan 29 • 2:19 PM EST • Health • ktvz.com
Barron Trump 'understands politics,' first lady says. Who is he?

Barron Trump, the youngest son of President Donald Trump, will be featured in the upcoming documentary 'Melania.' Who is he, and how tall is he?

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Jan 29 • 1:12 PM EST • Politics • usatoday.com
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Microsoft is working to rebuild trust in Windows

2026 is all about improving Windows

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Jan 29 • 12:00 PM EST • Technology • theverge.com
Tanzania eyes East Africa’s pharmaceutical hub crown {Business Africa}

Tanzania is betting on local drug manufacturing to reduce imports and become East Africa’s pharmaceutical hub and we find out how Africa's private sector is fixing the supply chain to minimise the billions lost in post-harvest logistics.View on euronews

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Jan 29 • 11:04 AM EST • Business • africanews.com
Melania Trump reveals advice she gives President Trump — and why she doesn’t watch him on TV all day

Melania Trump opens up in rare interview about her private approach to advising President Donald Trump and her selective media appearances strategy.

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Jan 29 • 9:28 AM EST • Business • foxbusiness.com
San José Mayor Matt Mahan, a Newsom critic and political moderate, is running to become California's next governor

San José Mayor Matt Mahan announced he is running for California governor, joining an already crowded field.

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Jan 29 • 9:00 AM EST • Politics • latimes.com
New study shows WVU, WVU Health System have huge impact on West Virginia

President Michael T. Benson and Albert L. Wright, Jr. share details from the Tripp Umbach Economic Impact Report.

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Jan 29 • 8:01 AM EST • Health • enews.wvu.edu
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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.”

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Jan 29 • 8:00 AM EST • Health • sacbee.com
Commentary: Farewell to Peter Duesberg, a godfather of scientific disinformation

Peter Duesberg squandered his scientific reputation by advancing a debunked theory about AIDS, but his influence on anti-vaccine activists lives on.

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Jan 29 • 6:00 AM EST • Science • latimes.com
IDF accepts Gaza Health Ministry estimate of over 70,000 Palestinians killed in the war

Although Many International Experts Have Accepted the Health Ministry's Data as Reliable, and Even Conservative Relative to the True Death Toll, Israel Had Refused to Accept the Health Ministry's Count Until Noiw

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Jan 29 • 5:20 AM EST • Health • haaretz.com
What to know about the Melania Trump documentary

As Melania Trump prepares to walk the red carpet at the newly rebranded Kennedy Center Thursday evening, she is proving that a peek behind the curtain of her life isn’t just a historical record, but a multi-million-dollar commodity.

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Jan 29 • 5:00 AM EST • Politics • cnn.com
Minneapolis small business supports strike against ICE, raises money

ICE activity and tariffs are making for an especially tough month for Perennial Cycle in Minneapolis. The owner is focusing on the community.

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Jan 29 • 3:52 AM EST • Business • businessinsider.com
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Alibaba to merge with China's Zelos on $2 billion robovan business, WSJ reports

Alibaba's logistics arm plans to merge its autonomous-driving unit Cainiao with China's Zelos Technology, forming a new entity valued at approximately $2 billion, the Wall Street Journal reported on Thursday, citing sources familiar with the matter.

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Jan 29 • 1:44 AM EST • Business • reuters.com
Josh Shapiro accuses JD Vance of giving 'comfort' to right-wing antisemitism

The Democratic governor of Pennsylvania, a potential 2028 presidential candidate, is on a book tour promoting his memoir, which highlights his Jewish faith.

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Jan 28 • 8:08 PM EST • Politics • nbcnews.com
High-Signal Publisher
Calif. politicians introduce Minneapolis-inspired bill

The bill is the most recent from California lawmakers responding to ICE raids.

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Jan 28 • 8:00 PM EST • Politics • sfgate.com
Convicted sex offender tried to rape a woman in a business, police said. They're searching for other victims

Convicted sex offender arrested for attempted rape inside DTLA business, captured in Skid Row

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Jan 28 • 7:24 PM EST • Business • latimes.com
Geoff Mason, Sports Producer Thrust Into Covering Terrorism, Dies at 85

He played a critical role in ABC Sports’s reporting on the attack by a Palestinian group at the 1972 Summer Games in Munich that left 11 Israeli team members dead.

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Jan 28 • 6:30 PM EST • Sports • nytimes.com
Sergey Brin Spends $20 Million on California Political Effort Amid Wealth Tax Debate

Sergey Brin, the co-founder of Google, is donating toward campaigns to solve California’s housing crisis, spurring other billionaires to pitch in. Their efforts may also help ward off a wealth tax.

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Jan 28 • 6:15 PM EST • Politics • nytimes.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.

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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.

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Jan 28 • 5:34 PM EST • Health • ppic.org
How Do Menopause and a Treatment to Manage Its Symptoms Affect the Brain and Mental Health?

New research suggests an association between menopause and anxiety, depression and shrinkage in certain brain regions—which hormone replacement therapy might not mitigate

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Jan 28 • 4:59 PM EST • Health • smithsonianmag.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
The Alliance for Primary Health Care in the Americas marks two years and formally welcomes Bolivia and Uruguay as members

PAHO, the World Bank, and the IDB initiative has driven health system transformation and aligned more than one billion dollars in investments across five countries. Brazil expressed its support, signing a letter of intent.Rio de Janeiro, 28 January 2026 — The Alliance for Primary Health Care (PHC) in the Americas, a joint initiative of the Pan American Health Organization (PAHO), the World Bank (WB), and the Inter-American Development Bank (IDB), is celebrating its second anniversary with achievements in transforming health systems across the region.

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Jan 28 • 4:30 PM EST • Health • paho.org
Betly expands online casino offering through new partnership with Inspired Entertainment

Delaware North’s Betly iCasino in West Virginia today announced a new partnership with Inspired Entertainment, a leading provider of innovative online casino content.

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Jan 28 • 4:20 PM EST • Entertainment • media.delawarenorth.com
Pa. county commissioners call for $40M increase to support mental health services

HARRISBURG — County leaders from across Pennsylvania on Wednesday called on legislators and Gov. Josh Shapiro to provide an additional $40 million in funding for county mental health services in

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Jan 28 • 4:10 PM EST • Health • lancasteronline.com
Trump's response to Pretti killing upends Second Amendment politics : Here & Now Anytime

Alex Pretti was legally carrying a gun when a federal agent shot and killed him in Minneapolis last weekend. President Trump and other federal officials blamed his death on the fact that he had a gun, but Minnesota Gun Owners Caucus chair Bryan Strawser explains why he disagrees.And, after leading immigration operations in Minneapolis, Border Patrol Commander Gregory Bovino has returned to his previous job in California. CalMatters investigative reporter Sergio Olmos talks about Bovino’s record in California.

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Jan 28 • 3:57 PM EST • Politics • npr.org
High-Signal Publisher
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
Pulaski County Sports & Entertainment Unveils Official Sportsplex Logo

New Facility Designed to Serve the Community and Welcome the World Pulaski County, Virginia – Pulaski County Sports & Entertainment is proud to unveil the official logo for the Pulaski County Sportsplex, a transformative new indoor sports complex that will serve as a premier destination for athletic competition while providing a year-round recreational asset for […]

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Jan 28 • 1:37 PM EST • Entertainment • pcpatriot.com
Iran delegates import powers as US war threats keep economy unstable

Iranian governors gain new powers as country prepares for possible war amid sanctions and looming geopolitical tensions.

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Jan 28 • 1:17 PM EST • Politics • aljazeera.com
NFL Hall of Fame snubs Bill Belichick and sports world is gagged: 'I can't be reading this right'

Sports figures from Patrick Mahomes to LeBron James expressed shock and outrage after news broke that Bill Belichick failed to gain Hall of Fame election on his first ballot.

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Jan 28 • 12:25 PM EST • Sports • latimes.com
Our Darwinian Approach to Health Care Costs

In his latest column, President and CEO Dr. Drew Altman presents his Venn diagram of health care cost problems and shows how, in our fragmented health system, reducing one health cost problem often makes another worse.

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Jan 28 • 9:00 AM EST • Health • kff.org
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
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
Why comedian Katherine Ryan won't make fun of her kids on stage: 'I don't wanna get Brooklyn Beckhamed'

The British-Canadian comedian says she steers clear of making any of her five children the punchline for fearing of stirring up Beckham-style family drama.

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Jan 28 • 6:00 AM EST • Entertainment • latimes.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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