Politics

Speaker McCarthy: Manhattan DA ‘Abusing His Office to Target President Trump’

During a Sunday appearance, Kevin McCarthy, the House Speaker from California and a member of the Republican Party, accused Alvin Bragg, the Manhattan District Attorney, of “abusing his office” by pursuing legal action against former President Donald Trump. McCarthy also claimed that Democrats, including Bragg, are allowing crime to flourish unchecked, Breitbart News reported. “Alvin Bragg is abusing his office to target President Trump while … Continue reading Speaker McCarthy: Manhattan DA ‘Abusing His Office to Target President Trump’

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Politics

AP: DA leading Trump case says rhetoric won’t intimidate office

Manhattan District Attorney Alvin Bragg has assured his staff that the office will not be intimidated or discouraged as it approaches a verdict on whether to indict the former president, the Associated Press reported. Late Saturday, Bragg circulated an internal memo to his staff, which came just hours after Trump’s three-part, all-caps social media post. Trump had expressed concerns about a possible arrest in the … Continue reading AP: DA leading Trump case says rhetoric won’t intimidate office

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Politics

66 MILLION Americans want a ‘national divorce’: New poll shows 

A large number of Americans agree with Georgia Rep. Marjorie Taylor Greene that the United States needs a ‘national divorce’ where red and blue states split into two separate nations, the Daily Mail reported. A recent Ipsos poll of 1,018 US adults revealed that approximately 20% of the adult population, equivalent to 66 million individuals, are in favor of dissolving the 247-year-old American union. The poll also … Continue reading 66 MILLION Americans want a ‘national divorce’: New poll shows 

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World News

Slovakia giving fighter jets to Ukraine

The Prime Minister of Slovakia, Eduard Heger, has declared that his nation will provide Ukraine with 13 decommissioned Mikoyan MiG-29 fighter jets, in a show of support for the country’s efforts to resist the Russian invasion. “Promises must be kept,” Heger said in a tweet on Friday, adding that Slovakia’s military aid was designed to help Ukraine defend itself and “entire Europe against Russia,” the … Continue reading Slovakia giving fighter jets to Ukraine

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U.S. News

Clean-up of radioactive water leak ongoing at Minnesota nuclear plant

Officials are overseeing the cleanup of a spill of 400,000 gallons (1.5 million liters) of radioactive water from a nearby nuclear power plant in Minnesota. Xcel Energy, the power company that operates the nuclear plant, has stated that the radioactive water leak “was fully contained on-site and has not been detected beyond the facility”. State officials reassured that there was no imminent threat to public … Continue reading Clean-up of radioactive water leak ongoing at Minnesota nuclear plant

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World News

Australian surfs for 40 hours to smash world record

On Friday, Australian surfer Blake Johnston shattered the world record for the longest surfing session by riding hundreds of waves for 40 grueling hours, while also maneuvering past hordes of jellyfish. After surpassing the previous record of 30 hours and 11 minutes held by South African Josh Enslin, the 40-year-old former professional surfer Blake Johnston broke down in tears, France 24 reported. Johnston received an … Continue reading Australian surfs for 40 hours to smash world record

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Technology

The humanoids are coming

Within the next decade, a Silicon Valley startup aiming to achieve this goal has forecasted that humanoid robots equipped with agile hands will be utilized in warehouses and retail stores, offering aid to the elderly, and carrying out household duties. Given demographic trends, which include an ongoing labor deficit and an escalating elder care predicament, the concept of fully operational, AI-driven humanoid robots appears to … Continue reading The humanoids are coming

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World News

AP: Protests erupt in France over Macron’s retirement age push

On Friday, agitated demonstrators commandeered the streets of Paris, aiming to coerce legislators into toppling the government of French President Emmanuel Macron and thwarting his unpopular proposal to raise the retirement age without a vote in the National Assembly, the Associated Press reported. One day following Prime Minister Elisabeth Borne’s utilization of a unique constitutional authority to sidestep a vote in the tumultuous lower house, … Continue reading AP: Protests erupt in France over Macron’s retirement age push

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U.S. News

Border crossings from Canada into New York, Vermont and N.H. are up tenfold

In the frigid region straddling the border between New York and Canada, the sheriff’s department has urged the U.S. Border Patrol to allocate additional resources to tackle what the community deems an escalating crisis: Over the past five months, the number of unauthorized border crossings has surged to almost ten times that of the corresponding period in the prior year, and the migrants are at … Continue reading Border crossings from Canada into New York, Vermont and N.H. are up tenfold

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Business

CNBC Treasury Secretary Yellen says not all uninsured deposits will be protected in future bank failures

On Thursday, Treasury Secretary Janet Yellen attempted to alleviate concerns among lawmakers and the financial markets by emphasizing the federal government’s dedication to safeguarding U.S. bank deposits after the recent collapse of Silicon Valley Bank and Signature Bank during the weekend. “Our banking system remains sound and Americans can feel confident that their deposits will be there when they need them,” Yellen said, as reported … Continue reading CNBC Treasury Secretary Yellen says not all uninsured deposits will be protected in future bank failures

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Business

No Bailout? Banks Borrow $164.8 Billion From Fed in Rush to Backstop Liquidity

The recent week witnessed a heightened level of funding stress after Silicon Valley Bank’s collapse, as evidenced by the $164.8 billion borrowed by banks from two Federal Reserve backstop facilities. According to information released by the Fed, in the week ended March 15, borrowing from the discount window, which is the conventional source of liquidity for banks, reached an all-time high of $152.85 billion, up … Continue reading No Bailout? Banks Borrow $164.8 Billion From Fed in Rush to Backstop Liquidity

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Business

AP: Stocks fall as worries about banks, possible recession flare

The tumultuous week for Wall Street ended on a bleak note on Friday, with significant declines in stock prices. Concerns deepened over the state of the banking industry, and anxiety mounted that it could potentially lead the economy into a recession. As of 11:30 a.m. Eastern time, the S&P 500 had decreased by 1.3% in midday trading, eroding its weekly gains. Similarly, the Dow Jones … Continue reading AP: Stocks fall as worries about banks, possible recession flare

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Politics

China-proposed initiative on global civilization hailed

Political leaders and organizations from various parts of the world have praised the Global Civilization Initiative proposed by China, citing its significant relevance in conjunction with the Global Development Initiative and Global Security Initiative. These initiatives, according to them, can foster a consensus among nations in addressing the escalating global issues concerning peace, security, development, and harmonious coexistence, China Daily reported. During the “Path Towards … Continue reading China-proposed initiative on global civilization hailed

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Politics

Arrest warrant issued for Putin by International Criminal Court

The International Criminal Court (ICC) has issued an arrest warrant for Russian President Putin’s alleged war crimes, specifically related to his purported involvement in the abduction of children from Ukraine, the Daily Mirror reports. The court said in a statement that Putin “is allegedly responsible for the war crime of unlawful deportation of the population (children) and that of unlawful transfer of population (children) from … Continue reading Arrest warrant issued for Putin by International Criminal Court

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World News

Israeli president warns of civil war as Netanyahu rejects judicial compromise

Israel’s President, Isaac Herzog, had proposed a compromise on contentious legislative modifications, which has been dismissed by the ruling coalition. This has brought an abrupt halt to the expectation that the political crisis in the country can be swiftly resolved. During a televised speech to the nation on Wednesday night, Herzog disclosed what he referred to as “the people’s directive.” This directive was intended to … Continue reading Israeli president warns of civil war as Netanyahu rejects judicial compromise

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World News

Russian agencies report one fatality in explosion at FSB center in Russia

Officials cited by Russian news agencies have reported that a blast and fire at a building belonging to Russia’s FSB security service in the southern city of Rostov-on-Don have resulted in at least one fatality and two injuries. On Thursday, Reuters recorded footage of thick black smoke rising into the sky close to residential buildings and a shopping center in Rostov. The city is the … Continue reading Russian agencies report one fatality in explosion at FSB center in Russia

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Space

Pentagon to Test First In-Space Laser Beam

According to an announcement by the agency, the Space Wireless Energy Laser Link (SWELL) was launched late Tuesday by the US Naval Research Laboratory. The purpose of the launch was to demonstrate laser power beaming in space as part of a Defense Department Space Test Program H9 mission to the International Space Station. The SWELL experiment was launched aboard the SpaceX Dragon cargo vehicle to … Continue reading Pentagon to Test First In-Space Laser Beam

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World News

Pentagon releases video from Russian fighter jet crash with drone

The US military has made public footage that shows part of the encounter between two Russian fighter pilots and a US drone on Tuesday, which resulted in the drone being forced to land. A video that was recently declassified and released early on Thursday by US European Command shows crucial moments from the midair incident that led to the U.S. Air Force MQ-9 drone being … Continue reading Pentagon releases video from Russian fighter jet crash with drone

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World News

Another 2,000 gang members land in El Salvador mega-prison

On Wednesday, the government of El Salvador transferred 2,000 additional suspects to a newly constructed, vast prison designed specifically for gang members, with the justice minister affirming that “they will never return” to the streets. This firm statement was made as President Nayib Bukele’s administration requested yet another extension of anti-gang emergency measures, extending the crackdown into its 13th month, the Associated Press reported. During … Continue reading Another 2,000 gang members land in El Salvador mega-prison

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Technology

Wave of Stealthy China Cyberattacks Hits U.S.

Google researchers have discovered that state-backed hackers from China have devised methods to evade standard cybersecurity measures, allowing them to infiltrate government and corporate networks and conduct espionage on unsuspecting targets for extended periods without being detected. In the last year, analysts at Google’s Mandiant division have observed cyberattacks targeting systems that are not typically the focus of espionage, the Wall Street Journal reported. Rather … Continue reading Wave of Stealthy China Cyberattacks Hits U.S.

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World News

Poland to send four fighter jets to Ukraine ‘in coming days’

Poland is set to dispatch four Mig fighter jets of Soviet-era vintage to Ukraine, marking the first instance of a Nato country sending planes to the conflict zone since Russia’s invasion last year. According to Polish President Andrzej Duda, the fighter jets will be dispatched in the next few days, while additional planes will be delivered in the future, BBC reported. While the additional fighter … Continue reading Poland to send four fighter jets to Ukraine ‘in coming days’

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Politics

Macron uses special power to raise retirement age without vote

On Thursday, French President Emmanuel Macron enforced a widely unpopular measure to increase the retirement age from 62 to 64, using a special constitutional power to bypass parliament. As Macron made the controversial decision to impose the retirement age bill, lawmakers were heard shouting, their voices full of emotion, the Associated Press reported. This move is expected to lead to immediate motions of no-confidence in … Continue reading Macron uses special power to raise retirement age without vote

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Business

Goldman Sachs Increases Probability of US Recession After Reducing GDP Projection

Goldman Sachs (GS) has increased its projection for the likelihood of a US recession after cutting its GDP forecast, Yahoo News reported. On Thursday, Jan Hatzius, the chief economist at Goldman Sachs (GS), raised the probability of a US recession in the next 12 months from 25% to 35%. He attributed the increase to “increased near-term uncertainty” regarding the economic impact of stress on smaller … Continue reading Goldman Sachs Increases Probability of US Recession After Reducing GDP Projection

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Business

First Republic’s Potential Aid from Big Banks Lifts Shares from Lows

After CNBC’s David Faber reported that major U.S. banks are discussing a rescue plan for First Republic, which could include approximately $30 billion in deposits, the shares of First Republic rebounded and regional bank stocks climbed higher. Following the news, First Republic’s shares saw an 8% increase, after having been down over 30% earlier in the day. The SPDR S&P Regional Bank ETF (KRE) saw … Continue reading First Republic’s Potential Aid from Big Banks Lifts Shares from Lows

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Business

AP: Credit Suisse shares soar after central bank offers lifeline

On Thursday, the shares of Credit Suisse experienced a surge in value as the Swiss central bank announced its decision to provide the bank with a loan of up to 50 billion francs ($54 billion). This move was intended to restore confidence in the second-largest bank in Switzerland, following the bankruptcy of two U.S. banks, the Associated Press reported. Credit Suisse made the announcement about … Continue reading AP: Credit Suisse shares soar after central bank offers lifeline

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