1
U(D54G1D)y+,!#!\!#!_ LONDON — Last week, for the first time in six months, Prime Minister Theresa May enjoyed a few hours of sweet vindication in her efforts to allow the United Kingdom to leave the European Union. She had passed the night in white-knuckled negotiation, and by sunrise was able to announce the beginning of talks that would lay out a path to a controlled de- parture. Another politician would have crowed a little, or luxuriated in the moment. But not Mrs. May. She landed from negotiations in Brus- sels and her motorcade rushed straight from the airport to a neighborhood of neat, red-brick houses, where she attended a gathering of Alzheimer’s patients, followed by a fund-raiser for a children’s hospice and a Christ- mas tree festival. No reporters were invited. She showed up be- cause she had promised to be there. The same old-fashioned, unglamorous, dutiful approach has guided Mrs. May, 61, through- out her struggle to guide the coun- try’s withdrawal from the E.U., known as Brexit. There are no vic- tory laps. Instead she plows for- ward, scrambling to her feet after each roundhouse blow, most re- cently on Wednesday night, when Parliament secured the right to approve — or veto — her final deal. She has been undermined by her own cabinet ministers, derid- ed as pitiful in Brussels and Rare Win, but No Victory Lap, For the Dogged British Leader By ELLEN BARRY Prime Minister Theresa May POOL PHOTO BY WPA Continued on Page A12 In a generational changing of the guard, Arthur Gregg Sulzberger, 37, will become the publisher of The New York Times on Jan. 1. His father, Arthur Ochs Sulzberger Jr., announced on Thursday that he was turning over the post to his son. The ascension of the younger Mr. Sulzberger, who is known as A.G., comes just over a year after he was named deputy publisher of The Times. The New York Times Company’s board voted in favor of the move during a meeting on Thursday. The elder Mr. Sulzberger, 66, who will stay on as chairman of The New York Times Company, has been the publisher since 1992. “This isn’t a goodbye,” Mr. Sulzberger said in a note to Times employees on Thursday. “But, be- ginning in the new year, the grand ship that is The Times will be A.G.’s to steer.” Best known for heading the team that produced The Times’s “innovation report” in 2014, A.G. Sulzberger will be the sixth mem- ber of the Ochs-Sulzberger family to serve as publisher since its pa- triarch, Adolph S. Ochs, pur- chased the paper in a bankruptcy sale in 1896. “I am an unapologetic cham- pion for this institution and its journalistic mission,” A.G. Sulzberger said. “And I’ll continue to be that as publisher.” Despite his in-house reputation as an innovator, the incoming pub- lisher said that he did not expect to shake things up early in his ten- ure. “I don’t expect there to be some flurry of change,” he said. During his quarter-century ten- ure as publisher, the elder Mr. Sulzberger presided over the pa- per’s national expansion and guided it through the advent of the internet. In 1996, he moved The Times online. In 2011, he instituted a pay wall that risked pushing away readers but has since be- come the centerpiece of the com- pany’s growth model. In recent years, as print adver- tising revenue declined sharply, The Times has focused on adding subscribers and accelerating its digital expansion. With 3.5 million paid subscriptions (2.5 million of them are digital-only), The Times is one of the few newspaper com- panies whose newsroom is grow- ing at a time when the industry is struggling. The elder Mr. Sulzberger as- sumed the job of publisher when George Bush was president and Max Frankel was the newspaper’s executive editor. To prepare for the role, he served in a variety of A.G. Sulzberger Will Become Publisher of The Times on Jan. 1 By SYDNEY EMBER Continued on Page A19 Arthur Ochs Sulzberger Jr., left, the current publisher of The New York Times, and Arthur Gregg Sulzberger, known as A.G. DAMON WINTER/THE NEW YORK TIMES DECATUR, Ala. — One evening last fall, an informant for the Mor- gan County sheriff entered the of- fice of a small construction busi- ness near this old river town and, he said, secretly installed spy- ware on a company computer. He had no warrant. The sheriff, Ana Franklin, wanted to know who was leaking information about her to a blogger known as the Morgan County Whistleblower. The blogger had been zeroing in on the sheriff’s finances, specifi- cally $150,000 that by law should have gone toward feeding in- mates in the county jail. Instead it had been invested in a now-bank- rupt used-car dealership run by a convicted bank swindler. Now the sheriff has become en- snared, along with others, in a wide-ranging government inves- tigation. The Federal Bureau of Investigation is looking at her stewardship of taxpayer money, as well as the dealership and its fi- nancial links to prominent people in town, including several state law enforcement agents, accord- ing to more than a half-dozen peo- ple who say they have spoken to the F.B.I. Government divers re- cently searched the bottom of a creek for evidence. What, if anything, investigators have uncovered is not known. But The New York Times found that since taking office in 2011, Sheriff Franklin has failed to comply with court orders, has threatened crit- ics with legal action and has not publicly accounted for tens of thousands of dollars raised A $150,000 Check and a Sheriff’s Broad Domain By WALT BOGDANICH and GRACE ASHFORD Sheriff Ana Franklin, left, last year at a big fund-raiser, the Sheriff’s Rodeo in Morgan County, Ala. VIA FACEBOOK Continued on Page A22 Local Faces of the Law, Rarely Scrutinized WASHINGTON — The Federal Communications Commission voted on Thursday to dismantle rules regulating the businesses that connect consumers to the in- ternet, granting broadband com- panies the power to potentially re- shape Americans’ online experi- ences. The agency scrapped the so- called net neutrality regulations that prohibited broadband providers from blocking websites or charging for higher-quality service or certain content. The federal government will also no longer regulate high-speed inter- net delivery as if it were a utility, like phone service. The action reversed the agen- cy’s 2015 decision, during the Obama administration, to have stronger oversight over broad- band providers as Americans have migrated to the internet for most communications. It reflected the view of the Trump administra- tion and the new F.C.C. chairman that unregulated business will eventually yield innovation and help the economy. It will take weeks for the repeal to go into effect, so consumers will not see any of the potential changes right away. But the poli- tical and legal fight started imme- diately. Numerous Democrats on Capitol Hill called for a bill that would re-establish the rules, and several Democratic state attor- neys general, including Eric T. Schneiderman of New York, said they would file a suit to stop the change. Several public interest groups including Public Knowledge and the National Hispanic Media Co- F.C.C. REVERSES RULES REQUIRING NET NEUTRALITY A 3-TO-2 PARTY-LINE VOTE Critics Say Change Will Harm Start-Ups and Consumers By CECILIA KANG Continued on Page A18 WASHINGTON — House and Senate Republicans faced a new round of uncertainty on Thursday about the fate of their $1.5 trillion tax bill with the possible defection of a Republican senator, Marco Rubio of Florida, amid continuing questions about how the bill will be paid for and how much of the benefits will flow to low- and mid- dle-income people versus corpo- rations. Republicans, who reached agreement Wednesday on a merged version of the House and Senate tax plans, expect to unveil the final bill on Friday and vote on the legislation early next week so that it can be sent to President Trump before Christmas. But those plans were thrown into some disarray on Thursday when Mr. Rubio said that he would vote no on the bill unless it includ- ed a greater expansion of the child tax credit, which he and another Republican senator, Mike Lee of Utah, have been pushing for to benefit lower-income individuals. “I think my requests have been pretty reasonable and consistent and direct,” Mr. Rubio said. A spokesman for Mr. Lee said he was undecided on the bill. Mr. Rubio and Mr. Lee have been pressing Republican leaders to bolster the child tax credit to make it more generous for low-in- come families. That change would further drive up the cost of the tax bill, which can add no more than $1.5 trillion to federal deficits over a decade if the bill is to pass with- out Democrats’ support. In a tweet on Thursday after- noon, Mr. Rubio needled Republi- can leadership, saying, “Tax nego- tiators didn’t have much trouble finding a way to lower” the top tax bracket and to have the corporate tax cut take effect a year early. Republican negotiators respon- sible for merging the two bills Tax Deal Faces Fresh Concerns On Its Priorities G.O.P. Senator Wavers Over Child Credit By ALAN RAPPEPORT and THOMAS KAPLAN Continued on Page A17 LOS ANGELES — In a move that will reverberate from Holly- wood and Silicon Valley to TVs and smartphones around the world, the Walt Disney Company said Thursday that it had reached a deal to buy most of 21st Century Fox, the empire controlled by Ru- pert Murdoch, in an all-stock transaction valued at roughly $52.4 billion. While the agreement is subject to the approval of antitrust regula- tors — and the Justice Depart- ment recently moved to block a big media company, AT&T, from becoming even bigger — Disney is acknowledging that the future of television and movie viewing is online. The acquisition, which would make Disney a colossus un- like anything Hollywood has ever seen, is the biggest counterattack from a traditional media company against the tech giants that have aggressively moved into the en- tertainment business. Disney has already announced an ambitious plan to introduce two streaming services by 2019. With this deal and the wealth of movies, TV shows and sports pro- gramming it provides, the com- pany will now have the muscle to challenge Netflix, Apple, Amazon, Google and Facebook in the fast- growing realm of online video. “The pace of disruption has only hastened,” Robert A. Iger, Disney’s chief executive and chairman, said in an interview. “This will allow us to greatly ac- celerate our direct-to-consumer strategy, which is our highest pri- ority.” At the same time, the deal means that one of moviedom’s most celebrated studios, 20th Century Fox, will be downsized, with some operations folded into Walt Disney Studios or refocused to make films for online distribu- tion. Founded in 1935, the Fox stu- dio championed Marilyn Monroe, In Buying Fox, Disney Shapes Media’s Future A Hollywood Colossus to Take On Tech By BROOKS BARNES Continued on Page A18 A study of Zika babies in Brazil says the most severely affected are falling fur- ther behind in their development and will require a lifetime of care. Some can’t see, walk or talk. PAGE A4 Zika Crisis Lingers for Babies A deeply indebted conglomerate keeps making billions of dollars in foreign deals, worrying banks, investors and, presumably, Beijing. PAGE B1 BUSINESS DAY B1-7 Testing China’s Limits Democrats may not yet be willing to talk about impeaching the president, but they are more than ready to press for hearings on allegations of sexual harassment. On Washington. PAGE A21 NATIONAL A14-23 Keeping the Heat on Trump Conservative Christians worry their reflexive support for divisive, scandal- plagued figures like Roy S. Moore, the Alabama Senate candidate, is hurting their movement’s reputation. PAGE A20 Evangelicals’ Second Thoughts For one night in Bay Ridge, it was 1977 again, as Brooklyn celebrated the 40th anniversary of the New York premiere of “Saturday Night Fever.” PAGE A24 NEW YORK A24-27 Feverish in Brooklyn A playwright imagines a love affair with Rafael Nadal, exploring the famously bare-chested 16-time Grand Slam cham- pion’s status as a gay icon. PAGE B10 SPORTSFRIDAY B8-11 No Shirt, No Problem Our critics offer their top choices, from “Black Dada Reader” to “William Blake and the Age of Aquarius.” PAGE C20 WEEKEND ARTS C1-26 2017’s Best Art Books David Brooks PAGE A31 EDITORIAL, OP-ED A30-31 Scientists analyzed 27 extreme weather events from 2016 and found that global warming was a “significant driver” for most of them, including wildfires and Arctic warmth. PAGE A8 INTERNATIONAL A4-12 Tracing Climate Change Effects Late Edition VOL. CLXVII . . . No. 57,812 © 2017 The New York Times Company NEW YORK, FRIDAY, DECEMBER 15, 2017 salesforce.com/number1CRM Salesforce. #1 CRM. Source: IDC Worldwide Semiannual Software Tracker, October 2017. Salesforce ranked # 1 for CRM Applications based on IDC 2017 Market Share Revenue Worldwide. 19.9% 8.4% 6.1% 2012 2013 2014 2015 2016 2017 H1 © 2017 salesforce.com, inc. All rights reserved. Salesforce.com is a registered trademark of salesforce.com, inc., as are other names and marks. Today, flurries, cold, high 31. To- night, partly cloudy, cold, low 26. To- morrow, sunshine and clouds, breezy, not quite as cold, high 38. Weather map appears on Page A26. $2.50

Salesforce. - nytimes.com · 12/15/2017 · guided it through the advent of the internet. In 1996, he moved The Times online. In 2011, he instituted a pay wall that risked pushing

Embed Size (px)

Citation preview

C M Y K Nxxx,2017-12-15,A,001,Bs-4C,E2

U(D54G1D)y+,!#!\!#!_

LONDON — Last week, for thefirst time in six months, PrimeMinister Theresa May enjoyed afew hours of sweet vindication inher efforts to allow the UnitedKingdom to leave the EuropeanUnion. She had passed the night inwhite-knuckled negotiation, andby sunrise was able to announcethe beginning of talks that wouldlay out a path to a controlled de-parture.

Another politician would havecrowed a little, or luxuriated in themoment. But not Mrs. May. Shelanded from negotiations in Brus-sels and her motorcade rushedstraight from the airport to aneighborhood of neat, red-brickhouses, where she attended agathering of Alzheimer’s patients,followed by a fund-raiser for achildren’s hospice and a Christ-mas tree festival. No reporterswere invited. She showed up be-cause she had promised to bethere.

The same old-fashioned,

unglamorous, dutiful approachhas guided Mrs. May, 61, through-out her struggle to guide the coun-try’s withdrawal from the E.U.,known as Brexit. There are no vic-tory laps. Instead she plows for-ward, scrambling to her feet aftereach roundhouse blow, most re-cently on Wednesday night, whenParliament secured the right toapprove — or veto — her finaldeal.

She has been undermined byher own cabinet ministers, derid-ed as pitiful in Brussels and

Rare Win, but No Victory Lap,For the Dogged British Leader

By ELLEN BARRY

Prime Minister Theresa MayPOOL PHOTO BY WPA

Continued on Page A12

In a generational changing ofthe guard, Arthur GreggSulzberger, 37, will become thepublisher of The New York Timeson Jan. 1. His father, Arthur OchsSulzberger Jr., announced onThursday that he was turningover the post to his son.

The ascension of the youngerMr. Sulzberger, who is known asA.G., comes just over a year afterhe was named deputy publisher ofThe Times. The New York TimesCompany’s board voted in favor ofthe move during a meeting onThursday.

The elder Mr. Sulzberger, 66,who will stay on as chairman ofThe New York Times Company,has been the publisher since 1992.

“This isn’t a goodbye,” Mr.Sulzberger said in a note to Timesemployees on Thursday. “But, be-ginning in the new year, the grandship that is The Times will beA.G.’s to steer.”

Best known for heading theteam that produced The Times’s“innovation report” in 2014, A.G.Sulzberger will be the sixth mem-ber of the Ochs-Sulzberger family

to serve as publisher since its pa-triarch, Adolph S. Ochs, pur-chased the paper in a bankruptcysale in 1896.

“I am an unapologetic cham-pion for this institution and its

journalistic mission,” A.G.Sulzberger said. “And I’ll continueto be that as publisher.”

Despite his in-house reputationas an innovator, the incoming pub-lisher said that he did not expect

to shake things up early in his ten-ure.

“I don’t expect there to be someflurry of change,” he said.

During his quarter-century ten-ure as publisher, the elder Mr.Sulzberger presided over the pa-per’s national expansion andguided it through the advent of theinternet. In 1996, he moved TheTimes online. In 2011, he instituteda pay wall that risked pushingaway readers but has since be-come the centerpiece of the com-pany’s growth model.

In recent years, as print adver-tising revenue declined sharply,The Times has focused on addingsubscribers and accelerating itsdigital expansion. With 3.5 millionpaid subscriptions (2.5 million ofthem are digital-only), The Timesis one of the few newspaper com-panies whose newsroom is grow-ing at a time when the industry isstruggling.

The elder Mr. Sulzberger as-sumed the job of publisher whenGeorge Bush was president andMax Frankel was the newspaper’sexecutive editor. To prepare forthe role, he served in a variety of

A.G. Sulzberger Will Become Publisher of The Times on Jan. 1By SYDNEY EMBER

Continued on Page A19

Arthur Ochs Sulzberger Jr., left, the current publisher of TheNew York Times, and Arthur Gregg Sulzberger, known as A.G.

DAMON WINTER/THE NEW YORK TIMES

DECATUR, Ala. — One eveninglast fall, an informant for the Mor-gan County sheriff entered the of-fice of a small construction busi-ness near this old river town and,he said, secretly installed spy-ware on a company computer. Hehad no warrant.

The sheriff, Ana Franklin,wanted to know who was leakinginformation about her to a bloggerknown as the Morgan CountyWhistleblower.

The blogger had been zeroing inon the sheriff’s finances, specifi-

cally $150,000 that by law shouldhave gone toward feeding in-mates in the county jail. Instead ithad been invested in a now-bank-rupt used-car dealership run by aconvicted bank swindler.

Now the sheriff has become en-snared, along with others, in awide-ranging government inves-tigation. The Federal Bureau ofInvestigation is looking at herstewardship of taxpayer money,

as well as the dealership and its fi-nancial links to prominent peoplein town, including several statelaw enforcement agents, accord-ing to more than a half-dozen peo-ple who say they have spoken tothe F.B.I. Government divers re-cently searched the bottom of acreek for evidence.

What, if anything, investigatorshave uncovered is not known. ButThe New York Times found thatsince taking office in 2011, SheriffFranklin has failed to comply withcourt orders, has threatened crit-ics with legal action and has notpublicly accounted for tens ofthousands of dollars raised

A $150,000 Check and a Sheriff’s Broad DomainBy WALT BOGDANICHand GRACE ASHFORD

Sheriff Ana Franklin, left, last year at a big fund-raiser, the Sheriff’s Rodeo in Morgan County, Ala.VIA FACEBOOK

Continued on Page A22

Local Faces of the Law,Rarely Scrutinized

WASHINGTON — The FederalCommunications Commissionvoted on Thursday to dismantlerules regulating the businessesthat connect consumers to the in-ternet, granting broadband com-panies the power to potentially re-shape Americans’ online experi-ences.

The agency scrapped the so-called net neutrality regulationsthat prohibited broadbandproviders from blocking websitesor charging for higher-qualityservice or certain content. Thefederal government will also nolonger regulate high-speed inter-net delivery as if it were a utility,like phone service.

The action reversed the agen-cy’s 2015 decision, during theObama administration, to havestronger oversight over broad-band providers as Americanshave migrated to the internet formost communications. It reflectedthe view of the Trump administra-tion and the new F.C.C. chairmanthat unregulated business willeventually yield innovation andhelp the economy.

It will take weeks for the repealto go into effect, so consumers willnot see any of the potentialchanges right away. But the poli-tical and legal fight started imme-diately. Numerous Democrats onCapitol Hill called for a bill thatwould re-establish the rules, andseveral Democratic state attor-neys general, including Eric T.Schneiderman of New York, saidthey would file a suit to stop thechange.

Several public interest groupsincluding Public Knowledge andthe National Hispanic Media Co-

F.C.C. REVERSESRULES REQUIRING

NET NEUTRALITY

A 3-TO-2 PARTY-LINE VOTE

Critics Say Change WillHarm Start-Ups and

Consumers

By CECILIA KANG

Continued on Page A18

WASHINGTON — House andSenate Republicans faced a newround of uncertainty on Thursdayabout the fate of their $1.5 trilliontax bill with the possible defectionof a Republican senator, MarcoRubio of Florida, amid continuingquestions about how the bill willbe paid for and how much of thebenefits will flow to low- and mid-dle-income people versus corpo-rations.

Republicans, who reachedagreement Wednesday on amerged version of the House andSenate tax plans, expect to unveilthe final bill on Friday and vote onthe legislation early next week sothat it can be sent to PresidentTrump before Christmas.

But those plans were throwninto some disarray on Thursdaywhen Mr. Rubio said that he wouldvote no on the bill unless it includ-ed a greater expansion of the childtax credit, which he and anotherRepublican senator, Mike Lee ofUtah, have been pushing for tobenefit lower-income individuals.

“I think my requests have beenpretty reasonable and consistentand direct,” Mr. Rubio said. Aspokesman for Mr. Lee said hewas undecided on the bill.

Mr. Rubio and Mr. Lee havebeen pressing Republican leadersto bolster the child tax credit tomake it more generous for low-in-come families. That change wouldfurther drive up the cost of the taxbill, which can add no more than$1.5 trillion to federal deficits overa decade if the bill is to pass with-out Democrats’ support.

In a tweet on Thursday after-noon, Mr. Rubio needled Republi-can leadership, saying, “Tax nego-tiators didn’t have much troublefinding a way to lower” the top taxbracket and to have the corporatetax cut take effect a year early.

Republican negotiators respon-sible for merging the two bills

Tax Deal FacesFresh ConcernsOn Its Priorities

G.O.P. Senator WaversOver Child Credit

By ALAN RAPPEPORTand THOMAS KAPLAN

Continued on Page A17

LOS ANGELES — In a movethat will reverberate from Holly-wood and Silicon Valley to TVsand smartphones around theworld, the Walt Disney Companysaid Thursday that it had reacheda deal to buy most of 21st CenturyFox, the empire controlled by Ru-pert Murdoch, in an all-stocktransaction valued at roughly$52.4 billion.

While the agreement is subjectto the approval of antitrust regula-tors — and the Justice Depart-ment recently moved to block abig media company, AT&T, frombecoming even bigger — Disneyis acknowledging that the futureof television and movie viewing isonline. The acquisition, whichwould make Disney a colossus un-like anything Hollywood has everseen, is the biggest counterattackfrom a traditional media companyagainst the tech giants that haveaggressively moved into the en-tertainment business.

Disney has already announcedan ambitious plan to introducetwo streaming services by 2019.With this deal and the wealth ofmovies, TV shows and sports pro-gramming it provides, the com-pany will now have the muscle tochallenge Netflix, Apple, Amazon,Google and Facebook in the fast-growing realm of online video.

“The pace of disruption hasonly hastened,” Robert A. Iger,Disney’s chief executive andchairman, said in an interview.“This will allow us to greatly ac-celerate our direct-to-consumerstrategy, which is our highest pri-ority.”

At the same time, the dealmeans that one of moviedom’smost celebrated studios, 20thCentury Fox, will be downsized,with some operations folded intoWalt Disney Studios or refocusedto make films for online distribu-tion. Founded in 1935, the Fox stu-dio championed Marilyn Monroe,

In Buying Fox,Disney ShapesMedia’s Future

A Hollywood Colossusto Take On Tech

By BROOKS BARNES

Continued on Page A18

A study of Zika babies in Brazil says themost severely affected are falling fur-ther behind in their development andwill require a lifetime of care. Somecan’t see, walk or talk. PAGE A4

Zika Crisis Lingers for Babies

A deeply indebted conglomerate keepsmaking billions of dollars in foreigndeals, worrying banks, investors and,presumably, Beijing. PAGE B1

BUSINESS DAY B1-7

Testing China’s Limits

Democrats may not yet be willing totalk about impeaching the president,but they are more than ready to pressfor hearings on allegations of sexualharassment. On Washington. PAGE A21

NATIONAL A14-23

Keeping the Heat on Trump

Conservative Christians worry theirreflexive support for divisive, scandal-plagued figures like Roy S. Moore, theAlabama Senate candidate, is hurtingtheir movement’s reputation. PAGE A20

Evangelicals’ Second Thoughts

For one night in Bay Ridge, it was 1977again, as Brooklyn celebrated the 40thanniversary of the New York premiereof “Saturday Night Fever.” PAGE A24

NEW YORK A24-27

Feverish in Brooklyn

A playwright imagines a love affair withRafael Nadal, exploring the famouslybare-chested 16-time Grand Slam cham-pion’s status as a gay icon. PAGE B10

SPORTSFRIDAY B8-11

No Shirt, No Problem

Our critics offer their top choices, from“Black Dada Reader” to “William Blakeand the Age of Aquarius.” PAGE C20

WEEKEND ARTS C1-26

2017’s Best Art Books

David Brooks PAGE A31

EDITORIAL, OP-ED A30-31

Scientists analyzed 27 extreme weatherevents from 2016 and found that globalwarming was a “significant driver” formost of them, including wildfires andArctic warmth. PAGE A8

INTERNATIONAL A4-12

Tracing Climate Change Effects

Late Edition

VOL. CLXVII . . . No. 57,812 © 2017 The New York Times Company NEW YORK, FRIDAY, DECEMBER 15, 2017

salesforce.com/number1CRM

Salesforce.

#1CRM.

Source: IDC Worldwide SemiannualSoftware Tracker, October 2017.

Salesforce ranked #1 for CRMApplications basedon IDC 2017Market Share RevenueWorldwide.

19.9%

8.4%

6.1%

2012 2013 2014 2015 2016 2017 H1

©2017 salesforce.com, inc. All rights reserved. Salesforce.com is a registeredtrademark of salesforce.com, inc., as are other names andmarks.

Today, flurries, cold, high 31. To-night, partly cloudy, cold, low 26. To-morrow, sunshine and clouds,breezy, not quite as cold, high 38.Weather map appears on Page A26.

$2.50