LeBron’s business partner consulting on international hoops league

Maverick Carter, LeBron James’ longtime business partner, has been tabbed as a consultant to a group of investors seeking to raise as much as $5 billion for an international basketball league, a person familiar with the development told USA TODAY Sports.The person requested anonymity because he was not authorized to speak publicly about Carter’s involvement.Bloomberg first reported the news.The league would, according to Bloomberg, consist of six men’s teams and six women’s teams and play games at limited cities around the world.James and his agent, Rich Paul, are not involved in this idea, another person familiar with the situation told USA TODAY Sports under the condition of anonymity so he could speak freely. James has expressed his interest in joining an NBA ownership group after he retires from playing.Meanwhile, the NBA heads overseas next week for two games in Paris between San Antonio and Indiana on January 23 and January 25, marking Victor Wembanyama’s first NBA games in his home country.While there, NBA commissioner Adam Silver, deputy commissioner Mark Tatum and other high-ranking league executives plan to continue discussions with European stakeholders, including FIBA, about the prospect of a new league in Europe which would include NBA involvement.“When we were in Paris for the Olympics, we spent a lot of time meeting with interested parties there,” Silver told reporters last month at the NBA Cup final in Las Vegas. “We’ll be back in Paris in January for the two games with the Spurs and the Pacers. We’ll use that opportunity to meet with more interested groups then.“It’s something we continue to study. It’s not only that we are not ready to make any public announcements, but we haven’t made any internal decisions yet.  I do think there continues to be an enormous opportunity to take basketball to another level in Europe. I joined the NBA shortly before the Dream Team in 1992.  People were saying the same thing coming out of the Dream Team:  what an opportunity. For whatever reasons, that dynamic in Europe, we haven’t seen a basketball league emerge, or a Champions‑type league emerge, where it’s had great fan receptivity.”The NBA believes there is an unrealized financial opportunity.In Paris in August, Tatum told USA TODAY Sports, “What’s the best sort of product to be able to introduce into the market that will engage fans in a meaningful way and continue to grow the sport of basketball?Follow NBA reporter Jeff Zillgitt on social media @JeffZillgitt

Trump’s inauguration will feature some of the biggest names in tech

Although some major political figures will notably be absent from President-elect Donald Trump’s inauguration on Monday, some of the world’s most prominent business leaders are scheduled to attend his swearing-in. Top technology company CEOs, whose companies have collectively donated millions to Trump’s Presidential Inaugural Committee, are expected to have a conspicuous presence at the ceremony. Amazon founder Jeff Bezos is scheduled to attend, sources told CBS News this week; the online retailer was among the companies that donated $1 million to the fund.Other chief executives set to attend Trump’s inauguration include Google’s Sundar Pichai; Meta’s Mark Zuckerberg, whose company also contributed $1 million to the inauguration fund; and TikTok CEO Shou Chew, whose company could go dark in the U.S. as soon as Sunday after the Supreme Court on Friday upheld a law that could lead to a ban. Not surprisingly, Tesla CEO Elon Musk, whom Trump has tapped along with businessman Vivek Ramaswamy to explore ways to cut federal spending, will also appear at the inauguration, CBS News has confirmed. Musk said on his social media platform, X, this week that he felt “honored” to sit alongside Bezos and  Zuckerberg on the inauguration dais, where Cabinet members, nominees and elected officials are placed.

CEOs including Jeff Bezos, Tim Cook, Elon Musk, Sundar Pichai and Mark Zuckerberg plan to attend the inauguration of President-elect Donald Trump on Jan. 20, 2025.

CBS News

Bloomberg reported that Uber CEO Dara Khosrowshahi, OpenAI’s Sam Altman and Apple’s Tim Cook also are scheduled to appear. The companies did not immediately respond to a request for comment. Seating arrangements at the inauguration ceremony could change after Trump announced it is being moved indoors due to frigid temperatures. The event will now be held under the Capitol dome, which is typically used for congressional ceremonies and celebrations.Forecasters said temperatures during the noon event could fall to around 22 degrees, the chilliest since Ronald Reagan’s second inauguration in January of 1985, when the mercury plummeted to 7 degrees.

Trump moves inauguration indoors due to severe weather in D.C.

04:36

CNN first reported that the inauguration would be moved indoors.Trump also said Capital One arena in Washington, D.C., which can accommodate roughly 20,000 people, would be open for people to watch the ceremony live, and he will join the crowd after he is sworn in. 

Roughly 250,000 guests have tickets to watch the inauguration from around the Capitol grounds, according to the Associated Press.

The Associated Press

contributed to this report.

He Was One of Our Most Disturbing Filmmakers. His Disney Movie Is a Masterpiece.

Early on in The Straight Story, the 1999 drama that David Lynch called his “most experimental film,” a doctor tells 73-year-old Alvin Straight that he likely has emphysema and that if he doesn’t make some lifestyle changes, there will be consequences. In the next shot, Alvin, played by Richard Farnsworth, lights up a Swisher Sweet and puffs away with satisfaction.

David Lynch, too, loved smoking—the message he posted in August announcing his own emphysema was an ode to the pleasures of tobacco, “lighting cigarettes on fire, smoking them.” Lynch died Thursday, a week after being evacuated from his home in the Hollywood Hills in the midst of the Los Angeles wildfires. He was 78, and his love of smoking was not the only thing he shared with Alvin Straight. The Straight Story might seem like a minor film in Lynch’s oeuvre—in the wake of the director’s death, it’s Blue Velvet, Mulholland Dr., and the many iterations of Twin Peaks that Lynch lovers keep returning to—but in its departures from his usual tone it’s a striking entry point into his work, a modest masterpiece that reveals more each time you watch it.

Based on the true story of an elderly Iowan who drove his riding lawn mower across the Mississippi to visit his ailing brother, The Straight Story is a leisurely road movie touching on familiar Lynchian themes of regret, experience, and fate. The script, written by Lynch’s longtime partner Mary Sweeney with John Roach, puts Straight, puttering across the plains on his John Deere, in conversation with a collection of loners and kind souls. (In his trailer, Alvin keeps two folding chairs—one for him, and one just in case someone wants to stop by his campfire and chat.) In The Straight Story, as in many other Lynch stories, rural America is full of weirdos, but here they’re quieter, sadder, and more endearing—not nitrous-sucking murderers but a desperate woman who can’t stop hitting deer with her car, or bickering twin mechanics played by Chris Farley’s younger brothers.

Lynch took The Straight Story to 1999’s Cannes film festival, where in perhaps the greatest year ever for American independent film, he sold his movie to Disney. (It’s still streaming on Disney+.) He laughed, later, when it received a G rating from the MPAA—surely that would never happen again, he cracked. Yet he was obviously fond of this placid film. “I felt its yearning for pure, intense feeling represented something that was in the air,” he said. “I don’t know whether what’s in the air is also a desire to have a break from sex and violence or, rather, a yearning for more tender, more direct storytelling.”

The movie’s most tender, direct scene is a campfire interaction between Alvin and a young runaway, played by Anastasia Webb, who’s certain her family hates her, and will hate her even more when they find out she’s pregnant. When his kids were little, Alvin tells her, he would give each of them a stick and tell them to break it. Then he’d tell them to tie all the sticks together and try to break them. “That’s family,” he says, that unbreakable bundle of sticks. Critics at the time took issue with the scene for its alleged pro-life undertones, but watching it now, it feels not conservative but mournful, the declaration of a man who, after all, is traveling hundreds of miles on a lawn mower to apologize to his estranged brother before they both die.

Because above all, The Straight Story is a movie about mortality, about a man facing the end of his life with thoughtfulness and dignity. Lynch shot the film in sequence in the fall along the Iowa roads the real Alvin Straight rode, and as the movie goes on, the trees glow orange with autumn, and Farnsworth, the sturdy character actor given a lead, gets ever more haggard and exhausted. Farnsworth was dying of cancer when he took the role—he isn’t feigning Alvin Straight’s leg paralysis, his need for two canes to get around. Yet he carries the movie, embracing Alvin’s crankiness but also his tenderness towards his daughter (Sissy Spacek), the strangers he encounters, and even the long, straight Midwestern roads he putters along at 5 mph. Lynch found the journey they went on together unusually moving. “In the editing room I cried like mad,” he said.

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We know, through the entire film, that Alvin Straight, despite every hardship he endures, must make it to Wisconsin, must arrive at the home of his brother Lyle. What we don’t know is what will happen when he gets there. When the movie’s end arrives, it’s a scene of cosmic beauty, accompanied by Angelo Badalamenti’s ethereal score—pure cinematic liftoff, a triumph of writing, direction, acting, casting, all the things that make a movie take flight. It’s also bittersweet. How could it not be, with its iconoclastic hero finishing his long journey, his failing body framed by the wide-open American sky?

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Quicken app gives small business owners holistic view of money

Courtesy of Quicken Quicken is launching a new money management product for small business owners that will compete with banks and pull in bank account data from aggregators.The product is being released as an upgrade tier for the company’s personal finance app Quicken Simplifi, which launched in early 2020 to expand Quicken’s demographic to younger users. The company’s flagship software, Quicken Classic, has included business management offerings since 1997 but is not designed to aggregate data from outside sources.”Quicken Classic has had a business tier for many, many, many years,” said Tara Pugh, lead product manager for Quicken Business & Personal. “What we’re doing with Quicken Simplifi… is we’re finally adding that business piece to it.”The new product, named Quicken Business & Personal, is designed to meet the needs of self-employed and small business owners by bringing their business and personal finances together in one mobile interface.”We’re really trying to make this whole process simple,” Pugh said, “so that you as the business owner are investing your time in the things that matter, which is your business, your clients, and growing that business, not managing your accounting system.”Traditionally, managing business and personal accounts requires toggling between, and sometimes paying for, multiple programs. “When you’re newer in business, the reality is that the income that you earn from your business is your personal income,” Pugh said. “Seeing money separated into personal only and business only, for a lot of people, it doesn’t really tell the complete story.” The Quicken Business & Personal product features options for a user to toggle between separate and combined dashboards for their personal and business accounts on the app as needed. Screenshot of a sample profit loss report in Quicken’s Business & Personal app. Since Quicken is hosting all of a user’s sensitive financial data in one place, Quicken uses 256-bit encryption for both its newest product and its core app, Quicken Simplifi. “We follow all of the industry security around banking as well,” Pugh said. “We work closely with the three aggregators that we use, and they are obviously compliant with the banking requirements of aggregating their service.” Quicken uses Intuit as its primary data aggregator; it also uses Plaid and Finicity. Quicken was originally developed by Intuit in 1994 as its first product launch. Quicken then became an independent company through a sale in 2016.Quicken’s product joins a collection of fintech companies, such as Sage, Freshbooks and Xero, offering financial services to small businesses. The banks that many of these small businesses use to facilitate their transactions do not yet have the same kind of in-house offerings for cash flow management for their customers, according to Alenka Grealish, principal analyst in Celent’s financial services practice. Third-party fintech software providers like Quicken are currently ahead of banks in the workflow sector, Grealish said in an interview, because “they are already helping small businesses with workflows, whether it’s managing accounts payable, accounts receivable, and of course the net cash flow. I’ve been advising banks to pay a lot more attention to workflows and offer cash-flow tools, and importantly cash-flow forecasts. Very often the small business fails not because they don’t have a good value proposition business model, it’s because they had a cash shortfall that surprised them… so forecasting is a really important element.”The Quicken Simplifi app currently includes a Projected Cash Flow feature that anticipates upcoming bills. According to a company spokesperson, Quicken Business & Personal includes the same cash flow forecasting and projection capabilities as Quicken Simplifi.For banks, aggregating a user’s financial data the way Quicken is doing offers them an opportunity to, through customer consent, gain more access to additional information they wouldn’t otherwise have. “Business bankers are eager to know whether or not a new client has cash parked at another financial institution (FI) or is an active user of another FI’s credit card,” Grealish wrote in a 2023 Celent report. “Fortunately, thanks to third-party data aggregation partners, FI data is readily accessible. Moreover, thanks to rising use of business apps, additional external data is increasingly accessible and growing in volume.”Data aggregation between banks and third-party financial software providers is becoming common practice in the industry, whether for personal or business accounts.”Banks have been having one-way sync and two-way sync for personal and business for a while,” Grealish said. “They’re much more interested in providing it to businesses, because they’re hoping businesses will pull more data onto their platform and allow them to have better visibility into their cash flow.” Screenshot of a sample spending plan in Quicken’s Business & Personal app. Higher cash-flow visibility would also give banks the opportunity to do cash-flow-based underwriting for small businesses that might otherwise not qualify in a traditional credit underwriting method. “They have great incentive to do it for businesses,” Grealish said. “Getting permission to use it for underwriting, whether it’s simply a small business loan, credit card or credit line or term loan, they’d love to have more data, because more data means more visibility and greater ability to assess risk holistically.”Quicken’s new app feature should give it an advantage over banks in marketing to more entrepreneurial consumers, Grealish said.”Individuals that already use some personal financial management software are pretty diligent,” she said. “It’s methodical to have to do that to begin with, and that’s some fraction of the population. So if they’re running a business, the corollary would be they probably are already using business software. If they’re starting a new business then that would be, ‘Oh, I’m starting a business, and I’m a current customer. Wouldn’t it be great to just know the interface already; I’ll just choose Quicken by default.'”With Quicken adding their Business & Personal feature to their already existing app Simplifi, the company is initially targeting the product to an existing consumer base of individuals who manage their personal finances through Quicken.”The sweet spot is somebody who’s already diligent and comfortable using software for their personal financial management, so of course they’re going to use software for their business financial management,” Grealish said.Next steps for the new Quicken product will include integration with other apps small business owners use so they can consolidate existing data by migrating it over.”Right now it would be a manual process,” Pugh said. “I want to keep building more features, more solutions, a lot more integrations like that. That’ll be something that I’m going to be looking at over the next year, two years: what are the things that we can do to make this product better for our users? We’ll be talking to them… if that’s what they need, then that’s what we’ll do.”

Biden-Harris Administration Awards Additional $210M Tech Hub Grants

WASHINGTON, Jan. 16, 2025 — The U.S. Department of Commerce’s Economic Development Administration (EDA) announced that it plans to award approximately $210 million in implementation grants, ranging between approximately $22 million and $48 million, to six Tech Hub Designees as part of a new round of funding from Congress. In addition, EDA intends to partner with the U.S. National Science Foundation (NSF) to extend tailored resources and personalized support to Tech Hubs. This builds on the July 2024 announcement of $504 million for 12 Tech Hubs across America, bringing the total to more than $700 million for 18 centers of excellence focused on jobs and industries of the future.
Credit: Shutterstock
The six latest Hubs selected for implementation grants are among the 31 Tech Hubs designated in October 2023 by President Biden to scale up the production of critical technologies, create jobs in innovative industries, strengthen U.S. economic competitiveness and national security, and accelerate the growth of industries of the future in regions across the United States.
“To out-innovate and out-build the rest of the world, we need to ensure we’re investing in America’s talent and workforce to succeed in a 21st century economy – that’s how America maintains its competitive edge,” said U.S. Secretary of Commerce Gina Raimondo. “The Tech Hubs Program and this latest allocation of funds are the result of bipartisan cooperation in Congress – I hope that good-faith work will endure so we can continue to invest in these centers of excellence across the nation, which in return, are providing good-paying jobs in industries of the future and helping to strengthen U.S. economic and national security.”
“We are so pleased that bipartisan support in Congress for the Tech Hubs Program will allow us to make even more impactful investments in the future of America’s economy and national competitiveness,” said Cristina Killingsworth, Acting Assistant Secretary of Commerce for Economic Development. “This implementation funding will empower the six Tech Hubs to spur technology commercialization, create jobs, attract private investment, and fortify their regional economy as a global leader in their respective technology focus.”
These new awardees, all designated Tech Hubs that have not previously received Tech Hubs implementation funds, made a strong case that with targeted investment they can advance a critical technology important to American economic and national security. This new round of awards is funded by new appropriations from the Fiscal Year (FY) 2025 National Defense Authorization Act (NDAA). The NDAA also includes a provision that could provide the Tech Hubs Program additional funding of up to $280 million in the coming years.

Source: U.S. Dept. of Commerce

Malta-based scientists test environmentally friendly anti-biofouling coatings

The growth of microorganisms, algae and animals on the surface of structures in contact with water, known as biofouling, damages boats and marine infrastructures and requires control actions to preserve their integrity. 
Most of the removal actions involve the use of biocides and antifouling coatings containing toxic components. These chemicals contaminate the water column and enter the trophic web. This means that toxic compounds used to prevent organisms from ruining marine structures and equipment have the potential to end up in the fish we eat. An example of these toxic compounds used in the past is tributyltin (TBT). This marine biocide commonly used for its anti-biofouling property is very toxic and scientists found that it accumulates in the organisms’ tissue, and it can disrupt the endocrine system. Due to its toxicity, the European Commission Parliament banned TBT in 2004. Following this regulation, new antifouling products were developed using other biocidal materials such as coatings containing copper oxide. However, these alternative coatings used worldwide still show several forms of toxicity on not-targeted marine organisms. 
A research project focusing on the development of environmentally friendly and cost-effective new antifouling coatings, was funded in 2021 by the MarTERA – ERA-NET Cofund on Marine Technologies. The project is called PRONICARE (transnational cooperation for protecting niche areas from marine corrosion and biofouling by green coatings and new testing technologies) and it’s a joint effort of six partners from Norway, Germany and Malta. The company leading the project, SINTEF AS, together with Bioenvision, the Alfred Wegener Institute, Ankron Water Service, Bioenvision, and the Maltese consultancy firm AquaBioTech Group, are collaborating to develop a sustainable thin coating with functional antifouling and anti-corrosion additives made with high-tech nanomaterial-based formulations. The consortium will assess the performance of the new coatings and their environmental impact. 
AquaBioTech Group is playing a major role in the project by testing the effectiveness of the newly developed anti-biofouling coating. Scientists working for the company are testing the toxicity of the new formulations on different marine organisms. Some organisms utilised in the study are simple species, like bacteria, algae and microcrustaceans that are involved in the first stages of the biofouling process (microfoulers). But the scientists are also testing the newly developed products on more complex species that intervene in the later stages of biofouling (macrofoulers). One of these organisms is the marine mussel Brachidontes pharaonis. Native of the Red Sea and Indian Ocean, this mussel has now widely diffused in the Mediterranean via the Suez Canal, and it is often found infesting marine structures. 
Detail of a mussel from an experiment performed at AquaBioTech Group (Malta). Arrows indicate the mussel’s byssus threads, used to attach to hard surfaces. The coatings under development reduce the production of these structures.
Mussels have a characteristic byssus thread, a protein filament that allow the individuals to attach to different substrates. Under the effect of pollution and environmental toxicants, the byssus production can decrease or cease, and the attachment to the substrate can be weakened. This compromises the resistance of the mussels to the action of wave and predators.  
AquaBioTech Group is investigating how different coatings developed by PRONICARE partners, decrease the ability of some organisms to attach to marine structures by compromising the production of byssus. Scientists observed that, when the mussels are exposed to some coatings, the byssus production is reduced and there is a minor number of mussels attached to the surface. These results are very promising, and hopefully they will lead to development of a product that keeps boats and marine structures safe without damaging the marine environment. 
The study is also contributing to understand better the mechanisms of biofouling, a very important topic investigated by many scientists around the world. 
Project PRONICARE is funded by the MarTERA partners – Xjenza Malta, Norges forskningsråd – The Research Council of Norway, and Bundesministerium für Wirtschaft und Klimaschutz and is supported by the European Commission. 
Project PRONICARE is funded by the MarTERA partners – Xjenza Malta, Norges forskningsråd – The Research Council of Norway, and Bundesministerium für Wirtschaft und Klimaschutz and is supported by the European Commission.

New Children’s Book Set At Oaklawn Park

A new children’s book set against the backdrop of Oaklawn Park in Hot Springs, Arkansas, has been released. Ollie the Oaklawn Owl: Whoooo’s That Jockey? is the second book in an educational series written by Mary Rampellini of Daily Racing Form. The work is illustrated by retired jockey and award-winning artist Renee Torbit.In his latest adventure, main character Ollie learns about the courage it takes to ride racehorses, the equipment jockeys wear, and why racing silks are different colors.
“Mary’s books provide our youth a great tool to better understand and appreciate one of the most distinguished sports in American history,” Oaklawn’s Louis Cella said. “The lessons in these stories are so important for the future generation of racing fans, and the knowledge kids will take away about our human and equine athletes is invaluable.”

The book is available at Oaklawn Park and online, as well as at the National Museum of Racing and Hall of Fame gift shop in Saratoga Springs, New York.