Crowds gather as Pope Emeritus Benedict XVI’s body lies in state at Vatican

Latest & Breaking News on Fox News 

Members of the public waited for hours to pay their respects to Pope Emeritus Benedict XVI as his body lies in state in St. Peter’s Basilica.

As daylight broke, 10 white-gloved Papal Gentlemen — lay assistants to pontiffs and papal households — carried the body on a cloth-covered wooden stretcher up the center aisle of the mammoth basilica to its resting place in front of the main altar under Bernini’s towering bronze canopy.

According to The Associated Press, a Swiss Guard saluted as the body was brought in via a side door after Benedict’s remains, placed in a van, had been transferred from the chapel of the monastery grounds where the late pontiff died at the age of 95 on Saturday morning.

Thousands of people braved the damp weather to view Benedict’s body. The line of people snaked around St. Peter’s Square. 

Around 25,000 people are expected to pass by the body on the first day of viewing.

POPE EMERITUS BENEDICT XVI DEAD AT 95, VATICAN SAYS

Public viewing lasts for 10 hours on Monday in St. Peter’s Basilica. Twelve hours of viewing are scheduled for Tuesday and Wednesday before Thursday morning’s funeral, which will be led by Pope Francis, at St. Peter’s Square.

The service will be open to the public and the Vatican has provided contacts for Catholics worldwide wishing to concelebrate the mass remotely.

POPE BENEDICT’S VISION OF CATHOLICISM, VATICAN II, AND THE FUTURE OF THE CHURCH ENDURE THROUGH HIS TEACHINGS

Benedict was elected to the papacy in 2005. He later claimed that he prayed he would not be chosen throughout the conclave but was forced to accept what he believed was God calling him to greater service

In February 2013, at 85 years old, Benedict became the first pope in 600 years to resign from his post. 

“I have come to the certainty that my strengths, due to an advanced age, are no longer suited to an adequate exercise [of the pontificate],” he said at that time. 

On June 29, 2021, Benedict celebrated the Platinum Jubilee — 70th anniversary — of his ordination into the priesthood. 

The Associated Press and Fox News’ Timothy Nerozzi contributed to this report.

 

Read More 

 

Biblical site where Jesus healed blind man excavated for public view: 'Affirms Scripture'

JERUSALEM — The Israel Antiquities Authority, the Israel National Parks Authority and the City of David Foundation announced days before the new year that the Pool of Siloam, a biblical site cherished by Christians and Jews, will be open to the public for the first time in 2,000 years in the near future.

“The Pool of Siloam’s excavation is highly significant to Christians around the world,” American Pastor John Hagee, the founder and chairman of Christians United for Israel, told Fox News Digital. “It was at this site that Jesus healed the blind man (John:9), and it is at this site that, 2,000 years ago, Jewish pilgrims cleansed themselves prior to entering the Second Temple. 

“The Pool of Siloam and the Pilgrimage Road, both located within the City of David, are among the most inspiring archeological affirmations of the Bible. 

“Christians are deeply blessed by the City of David’s work and Israel’s enduring commitment to ensuring religious freedom to all who visit and live in the Holy Land, especially Jerusalem — the undivided capital of Israel.”

‘JESUS’ FACE’ UNCOVERED AT ANCIENT CHURCH IN THE ISRAELI DESERT

Rendering of the Pool of Siloam, Second Temple period

Rendering of the Pool of Siloam, Second Temple period
(Shalom Kveller, City of David Archives)

Ze’ev Orenstein, the director of international affairs for the City of David Foundation in Jerusalem, told Fox News Digital, “One of most significant sites affirming Jerusalem’s Biblical heritage — not simply as a matter of faith, but as a matter of fact — with significance to billions around the world, will be made fully accessible for the first time in 2,000 years.”

The Pool of Siloam is situated in the southern portion of the City of David and within the area of the Jerusalem Walls National Park.

CHURCH OF THE APOSTLES DISCOVERED NEAR SEA OF GALILEE, ARCHAEOLOGISTS SAY

A small section of the pool, which has been fully excavated, has been accessible to the public for several years. The vast majority of the pool is being excavated and will either be opened piecemeal or once the entire site is unearthed. The archeological project to fully excavate the pool will last a few years. There is a plan for space for visitors to the pool to view the ongoing excavation.

“Despite ongoing efforts at the United Nations and Palestinian leadership to erase Jerusalem’s heritage, in a few years time, the millions of people visiting the City of David annually will literally be able to walk in the footsteps of the Bible, connecting with the roots of their heritage and identity,” Orenstein noted. 

The Siloam Inscription dating from the eighth century B.C. found in Hezekiah's Tunnel describes in early Hebrew script the drama of digging the tunnel. 

The Siloam Inscription dating from the eighth century B.C. found in Hezekiah’s Tunnel describes in early Hebrew script the drama of digging the tunnel. 
(Zeev Radovan City of David archives)

The pool was first built roughly 2,700 years ago as part of Jerusalem’s water system in the eighth century B.C. The construction unfolded during the reign of King Hezekia  as cited in the Bible in the Book of Kings II, 20:20, according to the two Israeli agencies and the City of David Foundation. 

According to estimates, the Pool of Siloam passed through many stages of construction and reached the size of 1¼ acres.

“When I think of this news, I think of another phrase from the Hebrew Bible, ‘My ears have heard of you, but now my eyes have seen you,'” Rev. Johnnie Moore, president of the Congress of Christian Leaders, told Fox News Digital. 

ANCIENT CITY GATE FROM THE TIME OF KING DAVID DISCOVERED IN ISRAEL

“This news means that one of the most important archeological discoveries in history can soon be seen by visitors from all over the world. It will affirm all they believe. Having faith is part of worshipping God, but faith alone isn’t required to believe. There are historic facts attesting to the truth of Scripture.”

Moore, who is the on the advisory board of The Combat Antisemitism Movement, added, “In the Pool of Siloam, we find evidence of history preserved for us, revealed at just the right time. This is a truly historic event. Theologically, it affirms Scripture, geographically it affirms history and politically it affirms Israel’s unquestionable and unrivaled link to Jerusalem. Some discoveries are theoretical. This one is an undeniable. It is proof of the story of the Bible and of its people, Israel.”

Northern perimeter of the Pool of Siloam

Northern perimeter of the Pool of Siloam
(Koby Harati, City of David Archives)

A stroke of luck revealed the pool in 2004 when infrastructure work carried out by the Hagihon water company uncovered some of the pool’s steps. The Israel Antiquities Authority (IAA), under supervision of professors Roni Reich and Eli Shukron, launched a survey. As a result, the northern perimeter, as well as a small section of the eastern perimeter of the Pool of Siloam, were uncovered.

CLICK HERE TO GET THE FOX NEWS APP

“The perimeter of the pool was built as a series of steps, allowing the bathers to sit and immerse themselves in the waters of the pool,” according to the IAA.

Mayor of Jerusalem Moshe Lion, said, “The Pool of Siloam in the City of David National Park in Jerusalem is a site of historic, national and international significance. After many years of anticipation, we will soon merit being able to uncover this important site and make it accessible to the millions of visitors visiting Jerusalem each year.”

source

Japan's emperor wishes for 'peaceful' 2023 in first live New Year address since pandemic began



CNN
 — 

Japanese Emperor Naruhito greeted well-wishers at the Imperial Palace in Tokyo for the first time in three years on Monday, reviving an annual New Year tradition that was paused during the Covid pandemic.

“Even today, wars and conflicts frequently occur worldwide, and I feel a deep sadness that many people have lost their lives. I strongly feel the importance of repeated dialogue and cooperation with others in the international community to overcome differences in stances,” said the 62-year-old emperor, according to a statement released in advance by the Imperial Household Agency on Sunday.

Images show the emperor and the royal family standing behind a pane of glass at the palace and waving to the crowd below. Many members of the public waved Japanese flags.

In abridged remarks on Monday he wished everyone a “peaceful” 2023.

“I know that there will be many difficulties, but I hope that this year will be a peaceful and good one for all of you,” the emperor said. From 2020 to 2022, Naruhito delivered his New Year’s speech via video message.

Japanese Emperor Naruhito and Empress Masako attend a reception to celebrate the New Year at the Imperial Palace in Tokyo on January 1, 2023.

Naruhito was joined by Empress Masako, their daughter Princess Aiko, and other members of the family. Under Japan’s male-only succession law, Princess Aiko is forbidden from becoming empress.

On Sunday, Naruhito attended a New Year reception at the Imperial palace with foreign ambassadors.

For centuries, Japanese rulers were considered the living embodiment of gods – but after the postwar US occupation of Japan, the country introduced a new constitution that banned the Imperial family from engaging in politics. Naruhito’s grandfather, Emperor Hirohito, was the last divine Emperor.

Nowadays, Naruhito is a symbol of the state rather than the head of state and wields no political power. Despite this lower public profile, the emperor remains a revered figure within Japan.

Naruhito began his reign in 2019 after his father Akihito became the first emperor to abdicate in 200 years.

source

Second quake in two weeks sends Northern California back to response mode



CNN
 — 

Northern California officials are back in clean-up mode after the second earthquake in two weeks struck the region Sunday morning, cracking walls and roads.

The 5.4 magnitude earthquake was shallow, striking at a depth of about 19 miles, the US Geological Survey (USGS) said. It was centered about 30 miles south of Eureka and 9 miles southeast of Rio Dell, the USGS said.

A 6.4 earthquake also shook the area, about 125 miles south of the Oregon border, on December 20, resulting in two deaths.

Rio Dell Mayor Debra Garnes said the December quake also left 27 of the town’s homes red-tagged – meaning they were unsafe due to damage – and 73 homes yellow-tagged. Some of the buildings were further damaged Sunday and may need to be torn down, she said.

“We are kind of starting over – we had moved from our response to recovery, and now we are basically in both,” Garnes told CNN’s Pamela Brown Sunday. “We have to be back in response because the southern end of town really took it hard this time.”

Garnes said Sunday’s quake shook her house.

“It was crazy. The earthquake felt more violent this time,” Garnes told CNN. “It was shorter, but more violent. My refrigerator moved two feet. Things came out of the refrigerator. There’s a crack in my wall from the violence of it.”

Garnes said a neighbor’s house also had a crack in the wall from the quake.

The mayor said 30% of the town’s water is shut down and the town lost “pockets” of power. There is a 35-foot crack in one of the town’s main roads, she said.

But the mayor said there has been a “tremendous response from the community,” in the form of state and local agencies as well as aid from neighboring towns.

“Literally everyone is trying their best to help us get through this,” Garnes said.

The Humboldt County Sheriff’s Office said in a statement that Sunday’s quake had cut power to an estimated 50% of Rio Dell’s residents. It said the Red Cross had opened an overnight shelter for quake-impacted residents.

The Office of the California Governor Gavin Newsom said that it was monitoring the quake’s impact.

“Stay safe – check gas and water lines for damages or leaks, prepare for aftershocks, and remember to drop, cover, and hold on,” the office said in a tweet.

source

Five political trends that could make 2023 a momentous year



CNN
 — 

Republicans’ take over of the House this week will usher in a two-year political era that threatens to bring governing showdowns and shutdowns as a GOP speaker and Democratic president try to wield power from opposite ends of Pennsylvania Avenue.

The unprecedented possibility that former President Donald Trump, who’s already launched another bid for the White House, could face indictment could tear the nation further apart at a moment when American democracy remains under grave strain. The already stirring 2024 presidential campaign, meanwhile, will stir more political toxins as both parties sense the White House and control of Congress are up for grabs after the closely fought midterms.

Abroad, the war in Ukraine brings the constant, alarming possibility of spillover into a NATO-Russia conflict and will test the willingness of American taxpayers to keep sending billions of dollars to sustain foreigners’ dreams of freedom. As he leads the West in this crisis, President Joe Biden faces ever more overt challenges from rising superpower China and alarming advances in the nuclear programs of Iran and North Korea.

If 2022 was a tumultuous and dangerous year, 2023 could be just as fraught.

Washington is bracing for a sharp shock. Since November, the big story has been about the red wave that didn’t arrive. But the reality of divided government will finally dawn this week. A House Republican majority, in which radical conservatives now have disproportionate influence, will take over one half of Capitol Hill. Republicans will fling investigations, obstruction and possible impeachments at the White House, designed to throttle Biden’s presidency and ruin his reelection hopes.

Ironically, voters who disdained Trump-style circus politics and election denialism will get more of it since the smaller-than-expected GOP majority means acolytes of the ex-president, like expected House Judiciary Chairman Jim Jordan of Ohio and Rep. Marjorie Taylor Greene of Georgia, will have significant sway. The new Republican-run House represents, in effect, a return to power of Trumpism in a powerful corner of Washington. If House GOP leader Kevin McCarthy wins his desperate struggle against his party’s hardliners to secure the speakership, he’ll be at constant risk of walking the plank after making multiple concessions to extreme right-wingers.

A weak speaker and a nihilistic pro-Trump faction in the wider GOP threaten to produce a series of spending showdowns with the White House – most dangerously over the need to raise the government’s borrowing authority by the middle of the year, which could throw the US into default if it’s not done.

As Democrats head into the minority under a new generation of leaders, government shutdowns are more likely than bipartisanship. The GOP is vowing to investigate the business ties of the president’s son, Hunter Biden, and the crisis at the southern border. The GOP could suffer, however, if voters think they overreached – a factor Biden will use as he eyes a second term.

In the Senate, Democrats are still celebrating the expansion of their tiny majority in the midterms. (After two years split at 50-50, the chamber is now 51-49 in their favor). Wasting no time in seeking to carve out a reputation among voters as a force for bipartisanship and effective governance, the president will travel to Kentucky this week. He’ll take part in an event also featuring Republicans, including Senate Minority Leader Mitch McConnell, to highlight the infrastructure package that passed with bipartisan support in 2021.

Attorney General Merrick Garland could shortly face one of the most fateful decisions in modern politics: whether to indict Trump over his attempt to steal the 2020 election and over his hoarding of classified documents.

A criminal prosecution of an ex-president and current presidential candidate by the administration that succeeded him would subject the country’s political and judicial institutions to more extreme strain than even Trump has yet managed. The ex-president has already claimed persecution over investigations he faces – and an early declaration of his 2024 campaign has given him the chance to frame them as politicized.

If Trump were indicted, the uproar could be so corrosive that it’s fair to ask whether such an action would be truly in the national interest – assuming special counsel Jack Smith assembles a case that would have a reasonable chance of success in court.

Yet if Trump did indeed break the law – and given the strength of the evidence of insurrection against him presented in the House January 6 committee’s criminal referrals – his case also creates an even more profound dilemma. A failure to prosecute him would set a precedent that puts ex-presidents above the law.

“If a president can incite an insurrection and not be held accountable, then really there’s no limit to what a president can do or can’t do,” outgoing Illinois GOP Rep. Adam Kinzinger, a member of the select committee, said on CNN’s “State of the Union” Sunday.

“If he’s not guilty of a crime, then I, frankly, fear for the future of his country because now every future president can say, ‘Hey, here’s the bar.’ And the bar is, do everything you can to stay in power.”

Like it or not, with his November announcement, Trump has pitched America into the next presidential campaign. But unusual doubts cloud his future after seven years dominating the Republican Party. His limp campaign launch, bleating over his 2020 election loss and the poor track record of his hand-picked election-denying candidates in the midterms have dented Trump’s aura.

Potential alternative figureheads for his populist, nationalist culture war politics, like Florida Gov. Ron DeSantis, are emerging who could test the ex-president’s bond with his adoring conservative base. Even as he fends off multiple investigations, Trump must urgently show he’s still the GOP top dog as more and more Republicans consider him a national liability.

Biden is edging closer to giving Americans a new piece of history – a reelection campaign from a president who is over 80. His success in staving off a Republican landslide in the midterms has quelled some anxiety among Democrats about a possible reelection run. And Biden’s strongest card is that he’s already beaten Trump once. Still, he wouldn’t be able to play that card if Trump fades and another potential GOP nominee emerges. DeSantis, for example, is roughly half the current president’s age.

As 2023 opens, a repeat White House duel between Trump and Biden – which polls show voters do not want – is the best bet. But shifting politics, the momentous events in the months to come and the vagaries of fate means there’s no guarantee this will be the case come the end of the year.

Russia’s invasion of Ukraine last year showed how outside, global events can redefine a presidency. Biden’s leadership of the West against Moscow’s unprovoked aggression will be an impressive centerpiece of his legacy. But Russian President Vladimir Putin shows every sign of fighting on for years. Ukraine says it won’t stop until all his forces are driven out. So Biden’s capacity to stop the war from spilling over into a disastrous Russia-NATO clash will be constantly tested.

And who knows how long US and European voters will stomach high energy prices and sending billions of taxpayer cash to arm Ukraine if Western economies dip into recession this year.

Biden has his hands full elsewhere. An alarming airborne near miss between a Chinese jet and US military jet over the South China Sea over the holiday hints at how tensions in the region, especially over Taiwan, could trigger another superpower standoff. Biden also faces burgeoning nuclear crises with Iran and North Korea, which, along with Russia’s nuclear saber rattling, suggests the beginning of a dangerous new era of global conflict and risk.

Rarely has an economy been so hard to judge. In 2022, 40-year-high inflation and tumbling stock markets coincided with historically low unemployment rates, which created an odd simultaneous sensation of economic anxiety and wellbeing. The key question for 2023 will be whether the Federal Reserve’s harsh interest rate medicine – designed to bring down the cost of living – can bring about a soft landing without triggering a recession that many analysts believe is on the way.

Washington spending showdowns and potential government shutdowns could also pose new threats to growth. The economy will be outside any political leader’s capacity to control, but its state at the end of the year will play a vital role in an election that will define America, domestically and globally after 2024.

source

Kevin McCarthy's problem: historically unpopular with a historically small majority



CNN
 — 

House Republican leader Kevin McCarthy is hoping all’s well that ends well when it comes to becoming speaker of the chamber. The current minority leader and former majority leader may have thought he’d have the speakership locked up by now, but, ahead of the new Congress that begins on Tuesday, he doesn’t.

McCarthy’s problems in securing the top spot in the House are more easily understood when you realize the hand he’s been dealt. He has a historically small majority for a potential first-time speaker, and McCarthy, himself, is historically unpopular compared with other House members who have tried to become speaker.

McCarthy’s Republican Party secured only 222 seats in the 2022 midterms, leaving him little room for error to get to 218 votes – the number needed to achieve the speakership assuming all members vote. McCarthy can only afford to lose the support of four Republicans, and the list of GOP lawmakers who’ve said they will vote against him is longer than that.

No potential first-time House speaker has had such a small majority since Democrat John Nance Garner in 1931. The only first-time speaker in recent times who comes close to McCarthy’s current situation is former Illinois Rep. Dennis Hastert, whose Republican Party entered 1999 with 223 seats. Hastert had the advantage of being a compromise choice after Newt Gingrich stepped down after the 1998 midterms and his would-be successor Bob Livingston resigned following revelations of an extramarital affair.

Indeed, all other potential first-time House speakers in the last 90 years had at least 230 seats in their majority. Speakers whose party held fewer seats than that all had the power of incumbency (i.e., having been elected to the position at least once before).

Remember that McCarthy has been close to the speakership before. He was next in line to become speaker when Republican John Boehner resigned in 2015. But the California Republican couldn’t get his caucus to rally around him enough to win a majority of House votes, and Paul Ryan went on to become speaker instead.

McCarthy had a lot more votes to work with back then – 245 GOP-held seats, more than any potential first-time speaker in the past 30 years. If he couldn’t get the 218 votes then under much more favorable circumstances, one might wonder how he can get to 218 now?

Polling provides somewhat of an answer to this question and helps explain why McCarthy has been facing an uphill battle in the first place.

A CNN/SSRS poll last month found that his net favorable (i.e. favorable minus unfavorable) rating was +30 points among Republicans. That’s certainly not bad. (Senate GOP leader Mitch McConnell has notoriously low ratings among Republicans.) But a net favorability rating of +30 points isn’t really good either.

Another way to frame it: McCarthy is liked by Republicans, but far from beloved. There’s no groundswell of support from the grassroots demanding he become speaker.

McCarthy has the second-lowest net favorability rating among his own party members of all first-time potential speakers in the last 28 years. Only Gingrich’s +24 points in late 1994 was lower. Others such as Boehner (in late 2010) and Nancy Pelosi (in late 2006) had net favorability ratings above +50 points among the party faithful.

The good news for McCarthy is that he’s much better liked now than he was in late 2015 when his net favorability among Republicans was just +2 points. Back then, Republicans had a much more politically attractive choice in Ryan.

The former vice presidential nominee had a net favorability rating of +48 points among Republicans.

The biggest problem Republican foes of McCarthy have right now is that there’s no Ryan. There isn’t a well-known and well-liked Republican waiting in the wings if McCarthy fails. It’s difficult to beat something with nothing.

Under such a circumstance, it’s not difficult to imagine another scenario playing out: McCarthy becoming speaker with less than 218 votes. He needs a majority of those House members who cast votes on the speakership. If enough members stay home or vote present, the threshold for a majority can drop.

Although no first-time speaker has gotten the job with less than 218 votes in at least 110 years, it’s happened a number of times for recent sitting speakers. Last Congress, Pelosi was reelected speaker with 216 votes. It was the same for Boehner in 2015. In fact, it appears that five speakers have been elected with less than 218 votes in the last century.

A number of Republicans may come to realize that while they can’t vote for McCarthy, there does not appear to be a viable Republican alternative to him becoming speaker at this time. They, therefore, may simply not vote “yes” or “no” on McCarthy at all. This would allow him to slip by assuming he still gets more votes for speaker than the new House Democratic leader Hakeem Jeffries.

Either way, all of this GOP angst is a pretty decent consolation prize for Democrats after losing the House majority. If nothing else, they’re watching a Republican Party that can’t seem to get its act together after a historically bad midterm for an opposition party.

And if McCarthy does become speaker, his net favorability rating of -19 points among all adults would by far be the worst for any first-time House speaker in the last 30 years. He’s far more unpopular than either Gingrich (-9 points) or Pelosi (+18 points) were among all Americans when they were first elected speaker. Both of them later became political targets for the minority party to exploit.

source

Four dead and several injured after two helicopters collide on Australia's Gold Coast



CNN
 — 

A midair collision between two helicopters in Australia has left four people dead and three others in critical condition, authorities said Monday.

The collision happened around 2 p.m. local time near the popular tourist strip of Main Beach on the Gold Coast, south of Brisbane.

“Those two aircraft, when collided, have crash landed on the sand bank just out from Sea World Resort,” Queensland Police Inspector Gary Worrell, a regional duty officer for the southeastern region, told reporters.

He added it had been difficult for emergency services to access the sand bank, located not far from the coast.

Thirteen people were on the two helicopters, according to Jayney Shearman, from the Queensland Ambulance Service (QAS). Of those, four people died, three suffered serious injuries and six had minor injuries, including cuts from shattered glass.

An aerial view of the site where two helicopters collided midair in the Gold Coast on January 2.

All the injured had been taken to hospital, she said.

Photos from the site show debris lying on a strip of sand, with personnel gathered on land and numerous vessels in the surrounding waters.

Worrell said that though it’s too early to determine the exact cause of the accident, initial inquiries suggests one helicopter had been taking off and the other landing when they collided.

One helicopter “has its windscreen removed, and it’s landed safely on the island. The other (helicopter) has crashed, and it was upside down,” he said.

He added that after the crash, nearby police and members of the public rushed to the site, trying to remove and perform first aid on those inside the helicopter.

Debris of a helicopter that crashed near the Main Beach in Gold Coast, Australia, on January 2.

Angus Mitchell, Chief Commissioner of the Australian Transport Safety Bureau (ATSB), said in a statement that an investigation had been launched into the collision.

Investigators from the ATSB’s offices in Brisbane and Canberra will be deployed to the scene to gather evidence, examine the wreckage and map the site, as well as interview witnesses and involved parties, Mitchell added.

He asked people who witnessed the collision or saw the helicopters in flight to contact investigators. A preliminary report will come in the next six to eight weeks, with a final report after the investigation is complete, he said.

In a statement posted on Twitter, Queensland Premier Annastacia Palaszczuk expressed her “deepest sympathies” for the victims’ families and everybody affected. “What has happened on the Gold Coast today is an unthinkable tragedy,” she said.

Police say Sea World Drive has been closed to traffic and urged motorists and pedestrians to avoid the area.

Sea World Drive is the main access point for the marine park that’s popular with tourists on the heart of the Gold Coast. It’s peak tourist season in the region right now, with schools closed for the long summer break.

CNN has reached out to Sea World for comment.

source

Companies can ‘hire’ a virtual person for about $14k a year in China

US Top News and Analysis 

Virtual singer Luo Tianyi performing with world renowned pianist Lang Lang in 2019 at the Mercedes-Benz Arena in Shanghai, China. Launched in 2012, Luo Tianyi has nearly 3 million fans and even performed at the Winter Olympics opening ceremony in Beijing this year.
Visual China Group | Getty Images

BEIJING — From customer service to the entertainment industry, businesses in China are paying big bucks for virtual employees.

Tech company Baidu said the number of virtual people projects it’s worked on for clients has doubled since last year, with a wide price range of as little as $2,800 to a whopping $14,300 per year.

Virtual people are a combination of animation, sound tech and machine learning that create digitized human beings who can sing and even interact on a livestream. While these digital beings have appeared on the fringes of the U.S. internet, they’ve been popping up more and more in China’s cyberspace.

Some buyers of virtual people include financial services companies, local tourism boards and state media, said Li Shiyan, who heads Baidu’s virtual people and robotics business.

As the tech improves, costs have dropped by about 80% since last year, he said. It costs about 100,000 yuan ($14,300) a year for a three-dimensional virtual person, and 20,000 yuan for a two-dimensional one.

Li expects the virtual person industry overall will keep growing by 50% annually through 2025.

VIDEO6:2806:28
What is the metaverse and why are billions of dollars being spent on it?

China is pushing hard into the development of virtual people.

Beijing city announced in August a plan to build up the municipal virtual people industry into one valued at more than 50 billion yuan by 2025. The municipal authorities also called for the development of one or two “leading virtual people businesses” with operating revenue of more than 5 billion yuan each.

This fall, central government ministries released a detailed plan for incorporating more virtual reality – especially in broadcasting, manufacturing and other areas. The country’s latest five-year plan revealed last year included a call for more digitalization of the economy, including in virtual and augmented reality.

Searching for scandal-free icons

From a business perspective, much of the focus is on how virtual people can generate content.

Brands in China are looking for alternative spokespeople after many celebrities recently ran into negative press about tax evasion or personal scandals, said Sirius Wang, chief product officer and head of marketplace Greater China at Kantar.

Dancers perform with virtual digital people at the Future Life Festival 2022 in Hangzhou, China, on Nov. 4, 2022.
Future Publishing | Future Publishing | Getty Images

At least 36% of consumers had watched a virtual influencer or digital celebrity perform in the last year, according to a survey published by Kantar this fall. Twenty-one percent had watched a virtual person host an event or broadcast the news, the report said.

Looking ahead to next year, 45% of advertisers said they might sponsor a virtual influencer’s performance or invite a virtual person to join a brand’s event, according to the Kantar report.

Growing development of virtual people

Many of China’s large tech companies have already been developing products in the virtual humans industry.

Video and game streaming app Bilibili was one of the earliest to take the concept of virtual people mainstream.

The company acquired the team behind virtual singer Luo Tianyi, whose image and sound are fully created by tech. This year, the developers focused on improving the texture of the virtual singer’s voice by using an artificial intelligence algorithm, according to Bilibili.

VIDEO2:2602:26
EU Privacy regulators recommend new data limitations for Meta

Launched in 2012, Luo Tianyi has nearly 3 million fans and even performed at the Winter Olympics opening ceremony in Beijing this year.

Bilibili also hosts many so-called virtual anchors, which are the direct avatars of people using special technology to reach their audience. The company said 230,000 virtual anchors started broadcasting on its platform since 2019, and the virtual anchors’ broadcasting time this year surged by about 200% from last year.

Tencent said in its latest earnings call that Tencent Cloud AI Digital Humans provide chatbots to sectors such as financial services and tourism for automated customer support. The company’s Next Studios also developed a virtual singer and virtual sign language interpreter.

Far smaller companies are also getting into the industry.

Startup Well-Link Technologies — whose cloud rendering tech support for Chinese video game developer miHoYo brought it success in the gaming industry — announced this year it has developed yet another model of a virtual person in a joint venture with Haixi Media.

Read More 

The boldest bitcoin calls for 2023 are out — and a 1,400% rally or a 70% plunge may be on the cards

US Top News and Analysis 

A worsening macroeconomic climate and the collapse of industry giants like FTX and Terra have weighed on bitcoin’s price this year.
STR | Nurphoto via Getty Images

2022 was a rough year for crypto. More than $1.3 trillion was wiped off the value of the market. And bitcoin, the world’s largest digital coin, saw its price slump more than 60%.

Investors were caught off guard by a wave of collapses in the industry from stablecoin project terraUSD to crypto exchange FTX, as well as a worsening macroeconomic climate. Those who made predictions about bitcoin’s price in the past year really missed the mark.

But with 2023 almost upon us, some market players have stuck their neck out with price calls for what could be another volatile year.

Interest rates around the world are on the rise, and that’s weighing on risk assets like stocks and bitcoin. Investors are also watching how the FTX saga, which resulted in the arrest of the company’s founder Sam Bankman-Fried in the Bahamas, will develop.

CNBC rounds up some of the boldest price calls for bitcoin in 2023.

Tim Draper: $250,000

Bitcoin bull Tim Draper had one of the most optimistic calls on bitcoin of 2022, predicting the token would be worth $250,000 by the end of the year.

In November, the billionaire venture capitalist said he’s extending the timeline for that prediction until mid-2023. Even after the collapse of FTX, he’s convinced the coin will hit the quarter-of-a-million milestone.

“My assumption is that since women control 80% of retail spending, and only 1 in 7 bitcoin wallets are currently held by women that the dam is about to break,” Draper told CNBC via email.

Bitcoin would need to rally 1,400% in order for it to trade at that level.

Despite the depressed prices and trading volumes drying up, there could be reason to suspect the market has found a bottom, according to Draper.

“I suspect that the halvening in 2024 will have a positive run,” he said.

VIDEO9:5609:56
FTX’s collapse is shaking crypto to its core. The pain may not be over

The halvening, or halving, is an event that happens every four years in which bitcoin rewards to miners are cut in half. This is viewed by some investors as positive for bitcoin’s price, as it squeezes supply. The next halving is slated to happen sometime in 2024.

Bitcoin miners, who use power-intensive machines to verify transactions and mint new tokens, are being squeezed by the slump in prices and rising energy costs.

These actors accumulate massive piles of digital currency, making them some of the biggest sellers in the market. With miners offloading their holdings to pay off debts, that should remove most of the remaining selling pressure on bitcoin.

That’s historically a good sign for bitcoin, said Vijay Ayyar, vice president of corporate development at crypto exchange Luno.

“In prior down markets, miner capitulation has usually indicated major bottoms,” Ayyar told CNBC. “Their cost to produce becomes greater than the value of bitcoin, hence you have a number of miners either switching off their machines … or they need to sell more bitcoin to keep their business afloat.”

“If the market reaches a point where it’s absorbing this miner sell pressure sufficiently, one can assume that we’re seeing a bottoming period.”

Standard Chartered: $5,000

For some market participants, the worst is yet to come.

In a Dec. 5 research note, Standard Chartered said bitcoin may sink as low as $5,000. The prediction, one of the bank’s list of “surprises” that are being “under-priced” by markets, would represent a 70% plunge from current prices.

“Yields plunge along with technology shares” in Standard Chartered’s nightmare 2023 scenario, “and while the Bitcoin sell-off decelerates, the damage has been done,” said Eric Robertsen, the bank’s global head of research.

“More and more crypto firms and exchanges find themselves with insufficient liquidity, leading to further bankruptcies and a collapse in investor confidence in digital assets,” he added.

Robertsen said the scenario has a “non-zero probability of occurring in the year ahead” and falls “materially outside of the market consensus or our own baseline views.”

Mark Mobius: $10,000

Veteran investor Mark Mobius had a relatively successful 2022 in terms of his price call. In May, he forecast bitcoin would drop to $20,000 when it was trading above $28,000.

Loading chart…

He said bitcoin would fall to $10,000 in 2022. That did not happen. However, Mobius told CNBC that he is sticking for his $10,000 price call in 2023.

The investor, who made his name at Franklin Templeton Investments, told CNBC that his bear case for bitcoin stemmed from rising interest rates and general tighter monetary policy from the U.S. Federal Reserve.

“With higher interest rates, the attraction of holding or buying Bitcoin or other cryptocurrencies becomes less attractive since just holding the coin does not pay interest,” Mobius said via email.

Carol Alexander: $50,000

Carol Alexander, professor of finance at Sussex University, wasn’t far off the mark with her prediction that bitcoin would slip to $10,000 in 2022.

Now, she thinks the cryptocurrency could be set for gains — but not for reasons you might expect.

The catalyst would be more dominos from the FTX fallout tipping over, Alexander said. If this happens, she expects the price of bitcoin will top $30,000 in the first quarter, and then $50,000 by quarters three or four.

“There will be a managed bull market in 2023, not a bubble — so we won’t see the price overshooting as before,” she told CNBC.

“We’ll see a month or two of stable trending prices interspersed with range-bounded periods and probably a couple of short-lived crashes.”

Alexander’s reasoning is that, with trading volumes evaporating with traders on edge, large holders known as “whales” will likely step in to prop up the market. The wealthiest 97 bitcoin wallet addresses account for 14.15% of the total supply, according to fintech firm River Financial.

VIDEO4:2404:24
FTX’s collapse was a punch in the face for crypto, but not a knockout blow, analyst says

Some investors have given up trying to predict the price of bitcoin. For Antoni Trenchev, CEO of crypto lending platform Nexo, the recent events are a sobering moment.

Bitcoin was on a “positive path” earlier in 2022, with institutional adoption rising, but “a few major forces interfered,” he said.

Trenchev once predicted bitcoin surging to a peak of $100,000 by early 2023. Now, he’s done trying to predict the price.

Laith Khalaf, financial analyst at AJ Bell, suggested attempts to forecast bitcoin’s price are futile.

“We could be sitting here talking this time next year and it could be at $5,000 or 50,000 it just wouldn’t surprise me because the market is so heavily driven by sentiment,” he told CNBC’s “Squawk Box Europe.

Read More 

America’s new B-21 Raider has 4 big secrets China wants to steal

Latest & Breaking News on Fox News 

The Air Force’s new B-21 Raider stealth bomber that debuted Dec. 2 is safely back in its hangar in California, but you can bet China’s keyboard warriors are furiously clicking away trying to unravel its secrets via cyber-espionage. 

You, me and military officers in China and other bad guy countries all want to know four big secrets about the B-21. 

First, can the B-21 fly without pilots? Original acquisition documents called for the B-21 bomber to be “capable of manned and unmanned operations.” Military drones take the man or woman out to save weight and increase endurance flight time. No one doubts the Air Force pilots can stick it out for long missions. Back in 2001, two B-2 bomber pilots logged a 44-hour mission from Missouri to Afghanistan and back. Bomber pilots train in simulators for 72-hour missions (and you thought the center seat on Southwest Airlines was tough.)

CHINESE PILOT FLIES 10-FEET FROM U.S. AIRFORCE PLANE

However, it’s not hard to picture a B-21 in the future on an unmanned mission, high above enemy missile fields, deterring attack by spotting missiles as they come out of hiding. One day the B-21 may be the first warplane fully certified to operate with or without a crew.

Second, how do the hidden engines work? Notice you cannot even see the B-21’s engines. Experts think the B-21 flies with two highly advanced engines, but the glimpse of Raider on Dec. 2 revealed nothing. The technology to embed engines and muffle their heat flow is one of the most-prized secrets of the B-21 Raider. “This is a very, very different design as far as airflow, and there have been some design challenges there,” Rep. Rob Wittman, R-Va., told Defense News back in March 2018. Trust engine supplier Pratt & Whitney of Connecticut to have that all worked out, and keep it more closely guarded than the recipe for Coca-Cola.

Third, the Chinese, Russians and others are wondering about what type of missions the B-21 can carry out. Upholding the nuclear deterrence triad by training for nuclear weapons delivery will be one vital task. However, the B-21 with its advanced networking is also primed for a range of conventional missions.

 CLICK HERE TO GET THE OPINION NEWSLETTER

Let me illustrate by way of the movie “Top Gun: Maverick” which, if you are reading this piece, you probably saw. Tom Cruise as Maverick trained Miles Teller’s character Rooster and the other Navy pilots to hit an undeclared nuclear site that was violating all sorts of treaties. (Might be you, Iran!) In the movie, the Navy jets reached their target by flying in low. Then they were jumped by enemy fighters from a nearby base. Gallantry ensued.

CHINESE PILOT FLIES 10-FEET FROM U.S. AIRFORCE PLANE

But in my opinion, that was actually a classic stealth bomber target set. A system like the B-21 can approach the target area at high altitude, avoiding detection, then use lots of precision direct attack and/or stand-off weapons, from a better release altitude, to destroy the nuclear site, the runway and any other hardened and buried aim points. Consider the B-21 for “Top Gun III – Maverick vs Xi Jinping,” if you ever produce it, Mr. Cruise.

So, can China crack the secrets of the B-21? We know China will try. At Plant 42 in California, the Air Force says people are found “walking their dogs” along the concertina wire fence at 4 a.m. and little drones “accidentally” crash in the compound. To be sure, the B-21 program is also a major stress test for cybersecurity since many companies supply the program. Still, I’m not worried. The immense secrecy surrounding the B-21 was baked into the program from the start.

Here’s the fourth item: the B-21 is not the only secret airplane out there. The Air Force flew a prototype of a new stealth fighter in 2020. No official pictures have been revealed, but concept art from the Air Force Research Lab showed an almost alien-looking design for the fighter emphasizing both stealth and high speed. Just as the P-51 Mustang pursuit planes paired with B-17s and B-24s in World War II, the Air Force will have both unmanned wingman drones and a new fighter to go to war with the B-21.

The new B-21 Raider may have enemies on the watch – but it also has friends.

CLICK HERE TO READ MORE FROM REBECCA GRANT

 

Read More