Latest news with #McGarvey
Forbes
08-05-2025
- Business
- Forbes
Dem Lawmaker Praises Trump's Sovereign Wealth Fund Idea: My Bill Ensures It's Done ‘The Right Way'
Congressman Morgan McGarvey (D-KY) joined "Forbes Newsroom" to discuss his new legislation, the American Sovereign Wealth Fund Exploration Act of 2025, which would create a commission to study the best way to make a U.S. sovereign wealth fund. Back in February, President Trump signed an executive order calling for the creation of a sovereign wealth fund. Watch the full interview above.
06-05-2025
- Business
Kentucky bourbon exports at risk as Trump-Canada trade tensions escalate
Kentucky's bourbon industry faces potential devastation as President Donald Trump's latest tariff dispute with Canada threatens to halt $43 million in annual whiskey exports. During Tuesday's Oval Office meeting with Canadian Prime Minister Mark Carney, Trump maintained his hard stance on tariffs, declaring that Canada would need to make significant concessions to see any relief. The dispute is part of a broader trade conflict that has particularly impacted American spirits, with Canadian retaliatory tariffs targeting bourbon producers. Rep. Morgan McGarvey (D-KY), chair of the Congressional Bourbon Caucus, expressed concern about the meeting's outcomes in an interview with ABC News. "With Kentucky, Canada is our largest trading partner," McGarvey said. "We're going to lose tens of millions of dollars in bourbon sales in Ontario province alone, not to mention the whole country, because of what Trump's policies are doing." The congressman highlighted how the administration's shifting tariff policies are affecting Kentucky's distilleries. When asked about conditions for ending the tariffs, Trump indicated there were none, a stance McGarvey found particularly troubling. "If you're using tariffs as a negotiating tactic, but then you say there's nothing you can do to get rid of it, that's going to be problematic," McGarvey noted. McGarvey criticized the administration's approach to trade policy, highlighting the chaos it has created for local businesses. "There was one week I was working with the bourbon companies in my district where, quite literally, on Monday, the tariffs were on. On Tuesday, they were off. On Wednesday, they were on. On Thursday, they were off again," he explained. The impact extends beyond just sales figures. Kentucky's bourbon industry supports over 22,500 jobs and contributes $9 billion annually to the state's economy. The ongoing trade dispute threatens this economic engine, with some distilleries already reporting decreased international orders and considering production cutbacks. Beyond trade concerns, McGarvey also addressed proposed cuts to Medicare and Medicaid that could impact Kentucky residents. "The Republican budget that Donald Trump has been pushing will cut Medicaid, 46% of the kids in Kentucky have health insurance through Medicaid," he said, emphasizing that Kentucky receives more federal Medicaid dollars than its entire state budget. The congressman, who serves on the Veterans Affairs Committee, also expressed strong opposition to recently announced VA staffing cuts. "Cutting 80,000 people from the VA workforce is not going to help our veterans access their benefits," McGarvey stated. "We made them a promise, both a legal and a moral obligation, that we would take care of them after their service." As negotiations continue with Canada, uncertainty remains about whether a deal can be reached before the 90-day pause expires. McGarvey and his colleagues continue to push for what he calls "serious, certain strategic trade policies that are beneficial to American workers and consumers."
Daily Mirror
01-05-2025
- Sport
- Daily Mirror
Retiring Jody McGarvey on "horrific" injuries and riding 'frightening' horse
Jody McGarvey chats to trainer Willie Mullins after riding I Am Maximus to victory in the 2023 Bar One Racing Drinmore Novice Chase at Fairyhouse (Image: PA) Jody McGarvey opened up on the injury battles he has faced and recapped his favourite career moment as he signed off from the saddle. The Irishman retired after riding 3-1 favourite Mirazur West into third place in a Listed handicap chase at Punchestown's five-day festival. It brought to an end 16 years of competitive action for McGarvey, whose biggest wins came in the colours he bowed out in, those of leading owner JP McManus. Although it was not a fairytale result for the rider, he said he had McManus to thank for giving him some of his best days in the sport, including on the enigmatic Great Field. It was at Punchestown's big meeting eight years ago where McGarvey made a Grade One breakthrough aboard the Willie Mullins-saddled operator, keeping calm as his saddle slipped. In the same season there was further drama when Great Field tripped and nearly unshipped him at Leopardstown's final fence. READ MORE: Brutal fight with WHIPS leads to 60-day ban as tempers boil over after race "He was thrill a minute," McGarvey told the Racing Post. "He'd frighten the life out of anyone but I got to go round here and win my first Grade 1 here. That was a standout day." Dad-to-be McGarvey, who hails from Derry, told Racing TV how he faced a constant battle to stay fit. "You could say I have been a bit unlucky my whole career," he said. "Every time I was getting a run at it I had some horrific injuries. I broke my neck, my back on a separate occasion and had shoulder injuries - I think I have had six surgeries or something like that. "Every time I'm coming back I'm getting older and it's harder. Content cannot be displayed without consent "I have enjoyed most of it. The game at the top is getting much tighter and there are so many good lads out there, it is hard to find your place. " McGarvey, who rode his first winner for McManus on Code Of The West at Down Royal in 2012, also helped guide the career of 2024 Grand National hero I Am Maximus. Before the star's Aintree display, horse and jockey teamed up successfully in the Drinmore and Bobbyjo chases around Fairyhouse. Like his final mount, I Am Maximus was trained by Willie Mullins, National Hunt racing's leading handler on both sides of the Irish Sea. "It's a pity I didn't get the fairytale end I hoped for, but look I rode a favourite at the Punchestown Festival for Willie Mullins and JP. It doesn't really get much bigger than that," McGarvey said. "I led them down to the last and it just didn't work out. He added: "I'm going out with my head held high. I'm incredibly thankful that after all the injuries I have come out the other side. I haven't loved every minute of it but I had great craic along the way!"
The Irish Sun
01-05-2025
- Sport
- The Irish Sun
Emotional moment Irish jockey retires from horseracing at Punchestown as he says ‘I've had great craic along the way'
JOCKEY Jody McGarvey announced his retirement at Punchestown, insisting "I've had great craic along the way". The multiple Grade 1 winner rounded out his career by riding the Willie Mullins-trained Mirazur West to third in the handicap chase. Advertisement 1 Jody McGarvey, centre, has retired Credit: Seb Daly/Sportsfile Speaking to RacingTV, McGarvey said he was going out with his head held high - even if his time in the saddle did not end the way he wanted. He said: "It's something I have been thinking about for a while and at the start of the season, as I do every year, I set myself goals. "I told my partner Shauna at the start of the year if I don't achieve those goals, I would look to do something else. "I have had a good career, not a great one, but I have enjoyed most of it. As I say, I set myself a target of winners for the year that I would get on a good horse and it just wasn't happening for me. Advertisement Read More on Punchestown "I would rather go out now on my own terms when I feel I am riding well and getting opportunities at festivals like this rather than dragging my heels for a couple of years. "The last thing I want is to go out with a chip on my shoulder so I will go out with my head held high. "It was a pity I didn't get the fairytale end that I hoped for but, look, I rode a favourite at "I have gone out in one piece; a lot of people haven't been that lucky. We lost Michael O'Sullivan during the year and that hit hard. Advertisement Most read in Horse Racing "I am incredibly grateful that after all the injuries I had, I came out the other side. "Myself and my partner are expecting a baby next month. I was never going to be a jockey forever. I haven't loved every minute of it but I have had great craic along the way." Shocking moment jockey is hit in the head after horse crashes into railings in chaotic race at Punchestown Festival McGarvey rode a trio of Grade One winners for The first came on Great Field in the Ryanair Novice Chase at the 2017 Punchestown Festival . Advertisement He went on to ride I Am Maximus to victory at Fairyhouse in 2023 and in the Bobbyjo Chase last year. Along the way, though, he has suffered injury pain, and is glad to have had the experiences he has had while able. He added: "I have had some horrific injuries. "I broke my neck, I broke my back on a separate occasion and there were shoulder injuries and six surgeries or something like that. Advertisement "The older I am getting it is harder to come back. I am going out with my head held high. I have enjoyed most of it. "The game at the top is getting much tighter and there are so many good lads out there. "It is hard to find your place now and I would like to go out when I am still getting rides and still able to go out on good ones. "I have worked incredibly hard, I have met a lot of nice people and I have been lucky to ride for some good people. Advertisement "I am incredible grateful to those people, moreso JP McManus and Frank Berry. Frank has been such a big part of my career. "Christy Roche got me started. Only for Christy I probably wouldn't have made it as a jockey. "I would hate to be a young fella starting out now, it is so tough. "Starting off I probably wouldn't have been good enough to have made it but Christy nursed me and I got there in the end." Advertisement
The Herald Scotland
30-04-2025
- Politics
- The Herald Scotland
Darren McGarvey: Politics holds back child poverty action
He spoke to The Herald as part of the series on child poverty, where the newsbrand has joined forces with 23 leading charities to call on First Minister John Swinney to take "urgent action" on child poverty. That action would require the Scottish Government to increase the Scottish Child Payment to £40 each week, per child. An open letter was also addressed to Prime Minister Sir Keir Starmer, with The Herald warning the two-child benefit cap must be abolished to make progress. Child poverty is an issue McGarvey is acutely aware of, with his own life experience leading him to become one of the country's leading social commentators on poverty, class and addiction. The Orwell Prize winner grew up in poverty in Pollok, in the south side of Glasgow, raised alongside his siblings by his single father. His mother, who McGarvey described as a violent alcoholic, left when he was 10 and he has battled his own addiction issues. In an extensive interview with The Herald, McGarvey said: "Growing up in the 80s and 90s in the south side in Pollok, I remember it being really, in hindsight, pretty bleak. Read more: The Herald unites with 23 charities to push First Minister on child poverty The staggering cost of poverty and hardship on Scotland's economy revealed 'Matter of shame': Swinney opens up on the toll of tackling child poverty in Scotland Find all articles in our Scotland's Forgotten Children series here "There was so much violence in the community, there was so much alcoholism in the community, and it wasn't really until the Labour government of 1997 came in, the mood started to change a little bit, community centres started open, there was funding for youth projects. "While all of the stuff did make a difference, in a sense, I think that the fundamentals of our society remain the same in terms of any extra benefits that a poor person is getting, or any extra benefits that a child is getting. "It's almost like compensation for the fact that society isn't actually changing and that means your postcode still really determines the quality of your education, the quality of your health, and that's my sort of take on it anyway." With that, he said, comes a sense of "imposter syndrome" for those from working class backgrounds who are able to escape the cycle. In 2013, McGarvey quit drinking and attended Glasgow Clyde College, gaining a journalism qualification. His first book, Poverty Safari, was released in 2017 and received acclaim. It landed McGarvey the Orwell Prize in 2018 for its auto-biographical account of growing up in poverty, while also challenging how the issues are solved. Around that time though, his drug use began to spiral out of control and he subsequently checked into the Abbeycare rehabilitation clinic in Erskine, beginning his recovery journey. His second book, The Social Distance Between us, challenges the divide between decision-makers and society. McGarvey told The Herald the challenge for politicians lies in standing by their commitments while in government and winning votes from the electorate. The First Minister said his main ambition in office was to eradicate child poverty, with the Scottish Government aiming to reduce relative poverty to 10%. The interim target of 18% in 2023-24 was missed, however. McGarvey said: "Even someone who is sincere about doing it, there is also the electoral calculus that has just got to be taken into consideration. "A lot of the people affected by poverty don't engage in the democratic process, so they don't have a voice. "What happens is the politician who is sincere in their desire to alleviate poverty, they first have to get the most affluent voters on voters on board and you don't get the most affluent voters on board by levelling the playing field. "The playing field has been unfair for so long that levelling it begins to feel like a very personal attack on middle class people and their children." Read more: 'Devastating': Charity boss reveals essential items children in poverty are missing In full: The Herald's open letter to John Swinney on Scottish Child Payment In full: The Herald's open letter calling for Sir Keir Starmer to scrap benefit cap He uses the example private school fees being subjected to a 20% VAT rate from January this year. McGarvey said last month that private education should be abolished to tackle the "gross inequality" in the industry. "The people with the sharpest elbows get the megaphones out and the politicians get frightened to stand up to them and this means that you can't deal with the poorest until the most affluent feel secure that their medium and long-term interests are being looked after, and they'll always be looked after no what party is in (government), and that is a result of the electoral reality in this country," he said. McGarvey also reflected on what it is like to escape the cycle of poverty. "'I'm embarrassed to say that there has been points in my career over the last few years when I've had no real reason to have financial anxiety, but it's the kind of mindset that you have acquired and you have to work very hard to say 'do you know what, I have enough, I'm ok.' "I definitely have at point, particularly early in my career, when money felt like it was flooding in from everywhere, and my first instinct was to enjoy a sense of accomplishment and I guess the power that comes from being the person that can pay for the meal, and the person who can pay for the taxi, who can buy the expensive gifts and take people on holiday, and I think sometimes that was out of a desire to make others comfortable - that's a genuine part of my nature - but it was also a false sense of esteem that came out of having a feeling of status or being financially comfortable. "It was something that I wanted to exhibit to other people, almost as if me on my own is not enough. "I know a lot of people struggle with that in a materialistic society but I think a lot of us who get into financial problems, coming from poverty, part of having a little bit extra money is the first thing we want to do is to acquire the symbols of affluence so that we could throw people off the scent because we carry a lot of embarrassment." McGarvey's third book, Trauma Industrial Complex, is scheduled for release in August and unpacks the mechanics of sharing personal discourse on social media.
