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Nigeria defeats Uganda 3-1 to advance to AFCON last 16 with flawless record | Soccer Update

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Elsewhere in Group C, Tanzania scrape through to the knockout stages for the first time after 1-1 draw with Tunisia.

Raphael Onyedika has scored twice, and Paul Onuachu has netted his first international goal in four years as already-qualified Nigeria overcame 10-man Uganda 3-1 to maintain a 100 percent record after the group stage and send the East African side home.

Nigeria ‍finished ⁠top of Group C on Tuesday with nine points, followed by Tunisia in second with four and Tanzania, who reached the round of 16 as one of the four best third-placed ​sides after their 1-1 ‌draw with Tunisia, also on Tuesday.

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It was a dominant performance from Nigeria despite resting several regulars, having already been assured of the top spot ‍in the group.

After Onuachu missed a simple chance midway through the first half, ​he found the back of the net after 28 minutes.

Fisayo Dele-Bashiru ‌showed quick feet on the left, and his pass in to Onuachu was perfect for the big forward to finish. The goal was the striker’s first for Nigeria since 2021.

Uganda were reduced to 10 men in the 56th minute ‌when substitute goalkeeper Salim Jamal Magoola used his hands about 9 metres (10 yards) outside his area to stop a Victor Osimhen shot.

Magoola had been ‌a halftime replacement for injured starter Denis Onyango, so Uganda ⁠had to use their third goalkeeper in the game as Nafian Alionzi was brought on for midfielder Baba Alhassan.

Nigeria scored their second goal in the 62nd minute when Onyedika took Samuel Chukwueze’s pass and drilled his shot low through the legs of Alionzi.

Onyedika ‌netted his second five minutes later with a side-footed finish, Chukwueze again the provider with a pass from the right.

Uganda got a consolation goal with 15 minutes left as the Nigerian ‍defence momentarily went to sleep and Rogers Mato had time and space from Allan Okello’s pass to lift the ball over the keeper and into the net.

Nevertheless, Nigeria have impressed in the group stage, having been losing finalists two years ago and following the shock of missing out on 2026 World Cup qualification.

Meanwhile, Tanzania reached the knockout stage of the Africa Cup of Nations for the first time, 45 years after their maiden appearance, by coming from behind to draw 1-1 with fellow qualifiers Tunisia in Rabat.

Feisal Salum’s ‌powerful shot three minutes into the second half was enough to secure ‌the draw after Tunisia had been ‌ahead with a ⁠43rd-minute penalty converted by Ismael Gharbi.

It ‍was only ⁠Tanzania’s second point of the tournament but proved enough for them to advance as one of the four best ​third-placed finishers.

Tanzania have been trying since 1980 to advance beyond the group stage and have still to win a match in four appearances.

Is RFK bringing health back to America after a year of MAHA?

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Since entering office in February, the health secretary has overseen a dramatic reshaping of the agencies he oversees, including eliminating thousands of jobs and freezing or canceling billions of dollars for scientific research. As part of his campaign against chronic disease, he has redrawn the government’s position on topics such as seed oilsfluoride and Tylenol. He also has repeatedly used his authority to promote discredited ideas about vaccines.

The department’s rapid transformation has garnered praise from MAHA supporters who say they long viewed HHS as corrupt and untrustworthy and have been waiting for such a disruption. And both Democrats and Republicans have applauded some of the agency’s actions, including efforts to encourage healthy eating and exercise, and deals to lower the prices of costly drugs.

But many of the drastic changes Kennedy has led at the department are raising grave concerns among doctors and public health experts.

“At least in the immediate or intermediate future, the United States is going to be hobbled and hollowed out in its scientific leadership,” said Lawrence Gostin, a Georgetown University public health law professor who was removed from a National Institutes of Health advisory board earlier this year with a letter that said he was no longer needed. “I think it will be extraordinarily difficult to reverse all the damage.”

HHS spokesperson Andrew Nixon denied any threat to scientific expertise at the agency and lauded its work.

“In 2025, the Department confronted long-standing public health challenges with transparency, courage, and gold-standard science,” Nixon said in a statement. “HHS will carry this momentum into 2026 to strengthen accountability, put patients first, and protect public health.”

The overhaul comes alongside broader uncertainties in the nation’s health system, including Medicaid cuts passed by Congress this year and expiring Affordable Care Act subsidies that are putting millions of Americans’ insurance coverage in jeopardy.

Here’s a closer look at Kennedy’s first year leading the nation’s health agency:

Kennedy’s vaccine views ripple across the department

After many years spent publicly assailing vaccines, Kennedy sought during his confirmation process to reassure senators he wouldn’t take a wrecking ball to vaccine science. But less than a year later, his health department has repeatedly pushed the limits of those commitments.

In May, Kennedy announced the Centers for Disease Control and Prevention would no longer recommend COVID-19 vaccines for healthy children and pregnant women — a move immediately questioned by public health experts who saw no new data to justify the change.

In June, Kennedy fired an entire 17-member CDC vaccine advisory committee — later installing several of his own replacements, including multiple vaccine skeptics.

That group has made decisions that have shocked medical professionals, including declining to recommend COVID-19 shots for anyone, adding new restrictions on a combination shot against chickenpox, measles, mumps and rubella and reversing the longstanding recommendation that all babies receive a hepatitis B shot at birth.

Kennedy in November also personally directed the CDC to abandon its position that vaccines do not cause autism, without supplying any new evidence to support the change. While he left the old language on the website to keep a promise he made to Republican Sen. Bill Cassidy, he added a disclaimer saying it remained because of the agreement.

Public health researchers and advocates strongly refute the updated website and note that scientists have thoroughly explored the issue in rigorous research spanning decades, all pointing to the same conclusion that vaccines don’t cause autism.

Kennedy has promised a wide-ranging effort to study environmental factors that potentially contribute to autism and in an Oval Office event with Trump in September promoted unproven and in some cases discredited ties between Tylenol, vaccines and the complex brain disorder.

Kennedy reconfigures HHS with massive staffing and research cuts

Within two months of taking office, Kennedy announced a sweeping restructuring of HHS that would shut down entire agencies, consolidate others into a new one focused on chronic disease and lay off some 10,000 employees on top of 10,000 others who had already taken buyouts.

While parts of the effort are still tied up in court, thousands of the mass layoffs were allowed to stand. Those and voluntary departures significantly thinned out the sprawling $1.7 trillion department, which oversees food and hospital inspections, health insurance for roughly half of the country and vaccine recommendations.

Kennedy also has fired or forced out several leaders at HHS, among them four directors at the National Institutes of Health, the Food and Drug Administration’s former vaccine chief and a director of the CDC whom he had hired less than a month earlier.

On top of staffing cuts, he has overseen significant cuts to scientific research. That includes NIH slashing billions of dollars in research projects and the termination of $500 million in contracts to develop vaccines using mRNA technology.

Amid the cuts, Kennedy has proposed or funded some new research on topics related to his MAHA goals, including autism, Lyme disease and food additives.

MAHA gains momentum, despite some stumbles

Kennedy started using the phrase “MAHA” on the campaign trail last year to describe his crusade against toxic exposures and childhood chronic disease, but 2025 was the year it became ingrained in the national lexicon.

In his tenure so far, the health secretary has made it the centerpiece of his work, using the MAHA branding to wage war on ultra-processed foods, pressure companies to phase out artificial food dyes, criticize fluoride in drinking water and push to ban junk food from the program that subsidizes grocery store runs for low-income Americans.

The idea has even spread beyond Kennedy’s agency across the federal government.

Defense Secretary Pete Hegseth has appeared with Kennedy to promote fitness with pull-up displays. Transportation Secretary Sean Duffy teamed up with Kennedy in early December to announce $1 billion in funding for airports to install resources like playgrounds and nursing pods for mothers and babies. And Environmental Protection Agency administrator Lee Zeldin recently announced he is working toward unveiling a MAHA agenda with health-related goals for his own department.

MAHA has earned widespread popularity among the American public — even as it has endured some administration foibles. In May, for example, HHS faced scrutiny for releasing a MAHA report that contained several citations to studies that didn’t exist.

But to the extent that the initiative has included calls to action that aren’t based on science — such as urging distrust in vaccines or promoting raw milk, which is far more likely than pasteurized milk to lead to illness — critics say it can be dangerous.

The Challenges That Could Disrupt a Russia-Ukraine Peace Agreement

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Paul KirbyEurope digital editor

Joe Raedle/Getty Images U.S. President Donald Trump and Ukrainian President Volodymyr Zelensky leave a press conference following their meeting at Trump’s Mar-a-Lago club Joe Raedle/Getty Images

Unlike Trump, Zelensky says he does not trust Russia’s Putin on peace talks

Russia, the US and Ukraine agree that a deal on ending almost four years of full-scale war is edging closer but, in the words of President Donald Trump, “one or two very thorny, very tough issues” remain.

Two of the trickiest issues in Washington’s 20-point plan involve territory and the fate of Europe’s biggest nuclear plant, which is currently occupied by Russia.

The Kremlin agrees with Trump that negotiations are “at a final stage”, and Zelensky’s next step is to meet European leaders in France on 6 January, but any one of the sticking points could jeopardise a deal.

Fate of Ukraine’s industrial heartland coveted by Putin

Vladimir Putin has not budged from his maximalist demand for the whole of Ukraine’s industrial Donbas, although Ukraine’s Volodymyr Zelensky has offered a compromise.

Russian forces occupy most of the Luhansk region in the east but little more than 75% of Donetsk, and Putin wants it all, including the remaining “fortress belt” cities of Sloviansk and Kramatorsk.

“We can’t just withdraw, it’s out of our law,” says Zelensky. “It’s not only the law. People live there, 300,000 people… We can’t lose those people.”

He has proposed Ukrainian forces pull back from the area to create a demilitarised or free economic zone policed by Ukraine, if the Russians pull back the same distance too. The current line of contact would then be policed by international forces.

It is difficult to imagine Putin agreeing to any of that, and Russia’s generals have told him they are capturing Ukrainian territory fast.

Anadolu via Getty Images Workers from the organisation East SOS evacuate 92-year-old Valentina due to continuous Russian attacks on the city of SlovianskAnadolu via Getty Images

The two eastern cities of Sloviansk and Kramatorsk are coming under regular Russian attack

“If the authorities in Kyiv don’t want to settle this business peacefully, we’ll resolve all the problems before us by military means,” Putin has claimed.

Both sides are widely seen as suffering from exhaustion, and analysts from the Institute for the Study of War have estimated it would take Russian forces until August 2027 to conquer the rest of Donetsk if they are able to maintain their current rate of advance – which is not a given.

Zelensky’s compromise would also require Russian troops to leave other areas of Ukrainian territory where they maintain a limited presence, including Kharkiv and Sumy region in the north, Dnipropetrovsk in the east and Myokolaiv in the south.

Without movement on Donetsk, the chance of a peace deal looks unrealistic, but a Russian compromise may not be out of the question.

Kremlin envoy Yuri Ushakov said recently “it’s entirely possible that there won’t be any troops [in Donbas], either Russian or Ukrainian”, although he was adamant the territory would be part of the Russian Federation.

Map showing Russian occupation of eastern Ukraine

Ukraine’s huge nuclear power plant in Russian hands

Ever since March 2022, Russia has occupied Europe’s biggest nuclear plant at Enerhodar, on the banks of the Dnipro river. But the six nuclear reactors of the Zaporizhzhia plant are not producing electricity – they have all been in cold shutdown mode for more than three years – and external power supplied by Ukraine is keeping the plant going to prevent a meltdown.

To get it going again it needs substantial investment, partly to rebuild the destroyed Kakhovka hydro-electric dam that was used to provide cooling water for the plant.

Ukraine believes the area should also become demilitarised and turned into a free economic zone.

The US proposal, according to Zelensky, is for the US to manage the plant as a joint enterprise with Russia and Ukraine. Kyiv has said that is unrealistic and instead the US and Ukraine could jointly manage it 50-50, with the US deciding where half of the power goes – by implication to Russia.

Ukraine’s problem is that Russia will not let it go and the head of Russia’s Rosatom nuclear agency Alexei Likachev has stressed that only one entity – Russia – can run it and ensure its safety.

He has held out the possibility that Ukraine could use electricity generated by the plant in the context of international co-operation.

Compromise on this issue may not be insurmountable, but it would require a level of trust between two neighbouring states when none exists.

Washington Post via Getty Images A man wheels a barrow towards a dumpster on a road that is overlooked by the Zaporizhzhia Nuclear Power Plant on the Russian controlled southern bank side of the Dnipro riverWashington Post via Getty Images

The Zaporizhzhia nuclear plant dominates the skyline near the Dnipro river

Lack of mutual trust despite positive rhetoric

It is hard to imagine significant progress on the biggest sticking points when there is so little trust.

When Trump suggested this week that Putin “wants to see Ukraine succeed… including supplying energy… at very low prices”, Zelensky clearly did not believe a word of it – he does not consider Putin as serious about peace.

“I don’t trust Russians and… I don’t trust Putin, and he doesn’t want success for Ukraine,” the Ukrainian leader said.

Russia has also shown little faith in Kyiv – accusing Ukrainian forces of targeting drones at a Putin residence in the Novgorod region, although it gave no evidence of the attack.

Ukraine denies it even happened and believes it is a Russian pretext for further Russian strikes on government buildings in Kyiv.

Other sticking points that could derail deal

Kyiv has asked the US and European leaders for security guarantees to ensure a Nato-style response in the event of a further Russian attack. Ukraine is also seeking to maintain an 800,000-strong military.

Although the US and Europe might sign up to a deal on security, Russia will not accept European troops on the ground in Ukraine.

Financial losses for Ukraine have been estimated at $800bn (£600bn), so another key issue is how much will Russia contribute to that. The US talks of a joint investment fund with Europe, and Russia has €210bn (£183bn) worth of assets in Europe that could also be used, even though Moscow has so far refused to allow it.

Russia also rejects Ukraine’s bid to join Nato. That may not be too much of a sticking point as there is no likelihood yet of that happening, but it is part of Ukraine’s constitution, so finding agreement will be difficult.

Membership of the European Union is also a potential sticking point, perhaps less so for Russia than for countries that are ahead of Ukraine in the queue to join the EU. Few believe it will happen very soon.

Could Ukrainians hold a vote on a deal?

The Ukrainian leader has cited opinion polls that suggest 87% of Ukrainians want peace, while at the same time 85% reject withdrawing from Donbas.

So he believes no decision on either the fate of Donetsk or the broader 20-point plan can be made without a popular vote and a 60-day ceasefire to prepare it: “A referendum is the way to accept it or not accept it.”

This too is a potential sticking point as the Kremlin argues a temporary ceasefire would only prolong the conflict and lead to renewed hostilities – and Trump has said he understands Putin’s position.

But without such a vote Zelensky believes a deal would have no validity which just adds to the list of thorny issues to be resolved.

Challenging Client Situation

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Saudi-Led Strike in Yemen Deepens Divide with U.A.E.

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new video loaded: Saudi-Led Strike in Yemen Signals Worsening Rift With U.A.E.

A Saudi-led coalition said it had targeted an arms shipment in Yemen bound for a separatist group backed by the United Arab Emirates. The Emirates denied that the shipment included weapons.

By Nader Ibrahim

December 30, 2025

Eaton Vance Tax Advantaged Div stock reaches new 52-week high of $25.05

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Eaton Vance Tax Advantaged Div stock hits 52-week high at $25.05

Understanding Lebanon’s ‘gap law’ and its role in resolving the financial crisis: Explainer News

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After six years of one of the world’s worst financial crises, Lebanon’s cabinet has approved a draft law that could give depositors back their money.

In 2019, the Lebanese currency began spiralling. Banks locked their doors and prevented depositors from accessing their money.

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Some depositors were forced to hold up bank branches to get their own money.

By the time the currency had been regulated, the Lebanese Lira had lost 98 percent of its value.

To fix the situation, Lebanon’s cabinet is passing a so-called “gap law” that’s expected to be signed by the prime minister and president before heading to parliament for debate.

Here’s everything you need to know about the so-called “gap law”.

What’s good about the law?

Depositors will be getting some of their money back.

Under the law, anyone who deposited up to $100,000 will be reimbursed within four years. This is an improvement on past proposals, where the same amount would be repaid over more than a decade.

However, observers noted that plans proposed in 2020, under the government of former Prime Minister Hassan Diab, had depositors receiving up to $500,000 back.

“This was probably the biggest lost opportunity, and it was done to protect the banks,” Fouad Debs, a lawyer and member of the Depositors Union, told Al Jazeera.

There is also supposed to be a full financial audit, according to Prime Minister Nawaf Salam.

“A forensic audit … means [the banks] will open all their operations – their dividends and the bonuses they paid executives – basically all the financial engineering they’ve done,” Debs said.

He added that an audit is important because “there are a lot of discrepancies between what they say and what the state is saying.”

What’s bad about it?

Plenty.

First off, the $100,000 figure is per depositor and not per account. So if someone had two accounts with a figure more than $100,000, they would still only get $100,000 back.

For depositors who have more than $100,000 in their account or accounts, they will be given $100,000 in cash, and the rest will be paid in bonds backed by the Central Bank, according to PM Salam.

Who is the draft law good for? Who does it penalise?

The bankers, the banks, and politicians aligned with them get off fairly easily under the current draft law, while the state will bear most of the burden for the financial collapse.

Under the current version of the draft law, banks are responsible for paying only 40 percent of withdrawals, despite their major roles in engineering the financial crisis.

But banks, bankers, and affiliated politicians are still waging media campaigns and lobbying parliament to attack the law and make it even more favourable for them.

Under the new draft law, banks are being asked to pay much more than they are currently paying – but still significantly less than critics say they should be paying.

There is a lack of clarity over the claims.

During the crisis, banks were still able to pay out dividends to shareholders and pay executives bonuses, while regular depositors were blocked from accessing their money for daily expenses like buying food or paying bills.

“Depositors should be last on the list to have to pay,” Debs said.

How much would the state have to pay?

The state would have to make up the “gap” between what is owed by Lebanese banks to depositors and what the Lebanese financial system can pay out.

Estimates currently say there is a gap of $70bn.

Who do the bankers say should pay all this?

They say the state should pay. Many bankers and banks say that they entrusted their money to the Central Bank of Lebanon (BDL) and that BDL gave the money to the state, which lost it. Therefore, the state should pay.

But critics argue that many of the banks gave depositors’ money to BDL without asking the depositors.

“They put it there because banks made so much money and benefitted from it a lot,” Debs said. “They put all their eggs in the same basket … and the banks knew this very well.”

How would the state pay?

With public funds, essentially. After the cash is given to depositors, everything else will be paid back in bonds backed by the state and its assets, including Lebanon’s gold reserves.

Critics say this is problematic because many of Lebanon’s current bonds were sold to vulture funds abroad. So state assets could essentially be used to pay back vulture funds or to pay back big depositors at the expense of the entire Lebanese population.

What is the IMF saying?

The International Monetary Fund (IMF) is usually calling for austerity, but for once, civil society and the IMF are on the same page.

“The IMF is saying… ‘how can you make depositors pay before bankers?’” Debs said, adding that the IMF’s position shows “how greedy and vicious the ruling elites are here”.

NCAA Intensifies Congressional Campaign as NBA-Drafted Players Come Back to College

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By Braden Keith on SwimSwam

The NCAA is again staring down the barrel of a paradigm-shifting inflection point in the future of college athletics as professional basketball players are returning to college, further testing the first “A” for “Amateur” in the league’s name.

The two tests of the league’s amateurism policies are Toni Bilic and James Nnaji, both professional basketball players who left their teams to join college programs in the middle of the season (Illinois and Baylor, respectively).

As college football players opt out of college games to prepare for pro careers, basketball is seeing a tide in the opposite direction.

Bilic, a Croatian, has been playing professionally in his native Croatia for years, including the last three with Cedevita Junior Zagreb. While European pros coming to the NCAA is not unheard of, Bilic’s case is unique for a few reasons. One is his age: Bilic played professionally as an adult, not just as a junior (which is not uncommon in Europe), and is coming over at age 20.

The other is that he will only practice with the Illini for the rest of the season, and not play, with an eye on development.

His club KK Cedevita Junior is a five-time Croatian Champion, and in spite of the name is not a junior or youth club.

Nnaji, who is Nigerian, was selected 31st overall int he 2023 NBA Draft by the Detroit Pistons before his rights were later traded to the Charlotte Hornets and later the New York Knicks. He has been playing professionally for FC Barcelona since 2020, first on their B team and then on their A team. He was then put on loan to another top-flight club Girona, and then to a club in the Turkish league.

In July, he announced he and FC Barcelona were mutually opting out of the last two years of their contract.

Spain and Turkey are two of the highest-paying leagues in Europe, with salaries averaging in the mid-six figures and the highest paid players rumored to be as high as $4 million per season.

Because of the ballooning nature of NIL, the calculation about playing in a lower-level professional league versus playing in the NCAA has shifted. While basketball isn’t seeing the same valuations as football, Forbes estimates that top NCAA players are making in the low millions per year.

There are more rumors that Trentyn Flowers, who has played in the NAB and three weeks ago competed in a game, is being recruited by a number of NCAA programs, which would escalate the risks even further. Flowers is making approximately $636,000 on a two-way contract, meaning he is flexing between the NBA team and its G League (minor league) affiliate.

“He’s a good player, he would be a great player in college,” one NBA executive familiar with Flowers told NJ Advance Media, implying that his earnings cap in college could be higher than they are in the NBA.

It’s unclear what would happen to his status with the NBA if he returned to college.

The NCAA provided a telling statement to college basketball outlet The Field of 68.

“Schools are recruiting and seeking eligibility for more individuals with more international, semi-pro and professional experience than ever before and while the NCAA members have updated many rules following the House injunction, more rules must likely be updated to reflect the choices member schools are making. At the same time, NCAA eligibility rules have been invalidated by judges across the country wrecking havoc on the system and leading to fewer opportunities for high school students, which is why the Association is asking Congress to intervene in these challenges.”

Analysis

A war-weary NCAA, worn down by endless lawsuits any time they try to enforce any eligibility rules, is staring down the barrel of years of pain. Their statement sends a clear message: that they are done fighting against the marketplace’s insatiable thirst to win at any cost, regardless of the principles.

The NCAA is the target but are realistically a service organization for the member institutions, which are the ultimate decision-makers.

Collegiate athletics, like most professional sports, never really fit into the framework of American employment law. Most professional sports have received judicial or congressional relief from those laws in order to preserve a system viewed as vital to the fabric of the American culture.

Ignorance of that legal disconnect for years created a situation where the lawsuits outran the legislation and the NCAA has been twisting in the wind to the tune of billions of dollars.

While they haven’t come out and said it, their recent public statements and campaigns urging congress to act have made their new approach clear: they will rewrite any rules they need to in a form of ‘brinksmanship’ in hopes of forcing congress to act and create a more sustainable future for collegiate athletics – which has felt like the only real endgame for at least a decade.

The issues of college sports are bleeding over into the political sphere, with one example being the governor of Louisiana basically inserting himself as the final decision maker on LSU’s next head football coach. U.S. Senator Ted Cruz also posted on social media about the issues facing college athletics on Monday.

While the specter of a bursting bubble in NIL payments have begun as fanbases come to the realization that $50 million+ in NIL payments don’t guarantee championships, so far colleges, and their wealthy alumni, are sending a clear message that they are willing to push just about any button to gain a competitive advantage.

The NCAA’s latest statement is basically saying that ‘if any school asks us to change a rule, we’ll change that rule, and we’ll keep changing the rule until you all hate this so much, that congress steps in.” Or the alternative, that the entire system folds.

Australian Lani Pallister told SwimSwam earlier this year that she didn’t swim in the NCAA because the league told her that she would have to repay any prize money she earned. While her being Australian complicates the matter, it feels as though a U.S. swimmer who wanted to push the buttons here and return to the NCAA (say, Katie Ledecky or Carson Foster) might have their way.

Whether schools would be willing to stick their necks out the same way for a swimmer as they are a basketball player remains to be seen, but the foundation that prevents swimmers who have taken prize money (or raced on an ISL team) from returning to the NCAA is eroding by the week.

Read the full story on SwimSwam: As NBA-Drafted Hoopers Return to College, the NCAA’s Congressional Campaign Ramps Up

Warren Buffett’s Geico loses ground to Progressive in the auto-insurance market

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Warren Buffett’s failure to capitalize on the economy’s digital shift over the last two decades has hurt his otherwise enviable track record as an investor. His blind spot regarding tech didn’t stop at the stock market: It bled into how he ran Berkshire Hathaway’s operating companies as well. Across many of his wholly owned businesses, Buffett neglected technological upgrades, and Berkshire’s business value has suffered as a result.

It’s important to understand this because the majority of Berkshire Hathaway’s assets are invested not in publicly traded securities, but in operating subsidiaries like Burlington Northern Santa Fe Railroad, Berkshire Hathaway Energy, and Geico. While it’s true that Buffett invested aggressively in wind energy, that was largely because of government tax incentives. In the main, he preferred to milk his operating subsidiaries for cash rather than reinvest in them for the digital age. Exhibit A is Geico, which thanks to a lack of IT investment has fallen behind Progressive as the nation’s leading for-profit auto insurer.

Buffett has called Geico his favorite child, and for good reason. Since it began in the 1930s, the auto insurer has used a direct-sales model to keep operating costs the lowest in the industry. In a commodity business like insurance, that’s a major competitive advantage. In the 1990s, after he bought all of Geico, Buffett found a second moat when he began to brand Geico as a trusted, even beloved American company. The gecko, the caveman, the camel who celebrated hump day—all these were marketing masterstrokes, ones directly derived from Buffett’s deep understanding of the mass brand-mass media industrial complex. The mascots also highlight how, while Buffett was comfortable investing in marketing, he was deeply uncomfortable with, and therefore didn’t understand, investing in tech.

When Buffett took control of Geico in 1996, he octupled its marketing budget. This wiped out almost all of Geico’s profits from a GAAP accounting standpoint, but Buffett was confident that increasing advertising outlays today would lead to more profitable customers tomorrow. And so it was: Under Buffett’s leadership, Geico’s market share grew from under 3% in 1996 to 12% in 2020, and it went from the No. 7 auto insurer to the #2 auto insurer, behind only State Farm.

So far, so good—but while Geico was investing in marketing, its rival Progressive was investing in technology. Founded only a year after Geico, Progressive began to upgrade its IT systems as early as the late 1970s. In the 1980s, it bought its agents computers and sent them floppy discs so they could better match price with risk. In 1996, Progressive became the first auto insurer to allow consumers to buy insurance online, and it continually streamlined its backend systems so that it could accurately quote new business. Today, Progressive brags that it has tens of billions of price points and that its tech stack allows the company to adjust its rates much faster than its competition—nearly once every business day. “We are a tech company that happens to sell insurance,” is one of Progressive’s internal mantras.

Driving the company’s tech investment was an insight that was perhaps even more astute than Buffett’s marketing insight. Thanks to its no-agent, no-commission model, Geico enjoyed a six-percentage-point cost advantage vs. Progressive in its operating costs. Because half of its business is through insurance agents, Progressive is unlikely ever to catch up here. But Progressive CEO Peter Lewis, who led the company from 1965 to 2000, understood that an auto insurer’s biggest cost center is the claims it must pay policyholders—four to five times bigger, in fact, than its administrative and advertising costs. If Progressive could manage these “loss costs” better than the competition, Lewis reasoned, then it could become the de facto low-cost auto insurer. 

The key to managing loss costs was technology in all its glorious variety. Back-end systems at headquarters that could parse price and risk for each driver were important, but so were front line innovations like Snapshot, a shoebox-sized device that in the 1990s Progressive began installing into the cars of willing customers. Snapshot, now an app on your mobile phone, tracks a customer’s driving behavior; more than one in three Progressive customers buying insurance directly from the company opts in for “usage-based” premiums. Thanks to Snapshot and other innovations, Progressive simply knows more about its drivers than any other insurer, and this creates a virtuous circle in which the company knows which to reward with discounts, which to punish with surcharges, and which to purge altogether. 

Thus, while Progressive’s operating costs have historically been six points worse than Geico, its loss costs have been 11 points better, which means that Geico’s low-cost moat has been breached by tech. In contrast to Progressive’s streamlined system, Geico has more than 600 legacy IT systems. It didn’t start working on a Snapshot-like product until 2019, twenty years after Progressive began. 

Buffett liked to say that when the tide goes out, you see who’s swimming naked, and COVID was the perfect storm to reveal how little Geico had paid attention to its digital wardrobe. During COVID, people suddenly stopped driving, and then, when the pandemic ended, they drove more than ever and more recklessly than ever. At the same time, the worst inflation in forty years hit all sectors of the economy, including auto-repair shops. Such rapidly changing conditions favored insurers with robust tracking tools, like Progressive, and punished insurers without them, like Geico. Since 2020, Progressive has almost doubled its personal auto policy count—but Geico has lost nearly 15% of its personal insurance base. Progressive, not Geico, is now the nation’s number two auto insurer.

It turns out that while the branding of the gecko was important, it wasn’t nearly as powerful as employing sophisticated digital tools. Geico is a good example of what happens when a company, even a powerful one, fails to reinvest in its future. Rather than a virtuous cycle—tech investment leading to better pricing and better products, which drives more profits, which can then be reinvested to drive the cycle on—Geico seems caught in the same vicious cycle that afflicts General Motors, Macy’s and other legacy companies. 

New 20kW Anti-Drone Laser Mobile Unveiled by US Army

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Laser weapons go mobile as the US Army takes delivery of two 20-kW, anti-drone Joint Light Tactical Vehicle (JLTV)-mounted Laser-Oriented Counter-UAS System (LOCUST) Laser Weapon Systems (LWS) from AeroVironment.

Laser weapons seem to be popping up everywhere these days but, despite their increasing effectiveness, they share one drawback in common. The high-powered systems tend to be rather bulky and heavy and look more like a shipping container than something out of Star Wars.

That’s changing as smaller, more powerful, more rugged lasers move from the laboratory to the field. A significant milestone in this trend is the LOCUST laser, the second increment of which has been delivered to the US Army and reflects the military’s shift from fixed-site directed energy weapons to mobile, maneuverable platforms that can defend frontline assets against drones and similar threats.

Beginning life as the Palletized-High Energy Laser (P-HEL) and evolving into the LOCUST, also called the AMP-HEL, the system’s first increment was installed in a General Motors Defense Infantry Squad Vehicle (ISV) in September 2025. Increment 2 shares the same power output as Increment 1, but is more practical thanks to higher protection, onboard power support, lighter weight, and an upgraded beam aperture with improved focus, beam quality, and lethality over longer distances. Exactly how long is classified, though it’s at least several kilometers.

It can power up in only 15 minutes and has a modular, open architecture for ease of maintenance. However, one major improvement is the Target Acquisition and Tracking System (TATS) gimbal that can turn 360° at a rate of 100° per second. It’s claimed to be ultra stable and the whole system can be operated by a single person using a standard Xbox gaming controller.

“Directed energy is no longer a future concept – it is a proven force-protection capability,” said John Garrity, Vice President ofAeroVironment’s Directed Energy business unit. “Since deployed, LOCUST-equipped P-HEL systems have actively protected warfighters, allies, and critical infrastructure against aerial threats. With LOCUST’s target acquisition, tracking and precision beam control, warfighters have an easy-to-use, reliable, trusted, and proven solution against the very real and evolving threats of modern warfare.”

Source: AeroVironment