Deal to Prevent a Government Shutdown

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📈 Dimon: Fed may hike interest rates significantly

JPMorgan Chase CEO Jamie Dimon warns of potential interest rate hikes beyond the current 5.25%-5.5%, questioning, “I am not sure if the world is prepared for 7%.” This comes after the Federal Reserve hinted at rate increases, with cuts in 2024. Emphasizing readiness, Dimon referenced Warren Buffett: “Only when the tide goes out do you discover who’s been swimming naked.”

📜 Senate advances deal to prevent a government shutdown
The Senate advanced a short-term funding plan to prevent a government shutdown, earmarking over $6 billion for Ukraine, less than the White House's requested $20.6 billion. Meanwhile, the House began debate on four bills focusing on defense, agriculture, the State Department, and homeland security for a full fiscal year. Despite this, Speaker Kevin McCarthy (R-Calif.) stresses long-term solutions and border security. Majority Leader Charles E. Schumer (D-N.Y.) emphasized the Senate's "commitment to Ukraine."

🍁 Anthony Rota resigns as Canada's Speaker over Nazi controversy

Anthony Rota, Speaker of Canada's House of Commons, resigned after mistakenly praising Yaroslav Hunka, who served in a Nazi unit, during Ukrainian President Zelensky's visit. Unaware of Hunka's history, Rota faced criticism, with PM Justin Trudeau deeming it "deeply embarrassing" for Canada. As Poland considers Hunka's extradition, questions arise about Canada's knowledge of its Nazi-linked past.

🤝 Turkey to support Sweden's NATO entry if U.S. commits to F-16 sale, says Erdogan

Turkey's President Erdogan confirmed that Turkey will ratify Sweden's NATO bid if the U.S. proceeds with F-16 jet sales to Ankara. Erdogan revealed discussions between Foreign Minister Hakan Fidan and U.S. Secretary of State Antony Blinken on Sweden's NATO membership. He stressed, "If they (the U.S.) keep their promises, our parliament will have the final say on Sweden's NATO membership."

🚨 Costa Rica declares emergency over US-bound migrant surge

Facing a 55% surge in migrants heading to the US, Costa Rica's President Rodrigo Chaves declares a state of emergency, stating, "The people that arrive are passing across Costa Rica trying to get to the United States, basically." Migrants hail globally, contributing to a record number crossing the undeveloped area of Darien Gap. Costa Rica collaborated on Biden’s idea of safe mobility for legal migrant processing.

🔍 Google Search mistakenly indexes Bard AI user chats

Google's AI, Bard, now indexes shared conversation links in search results, potentially exposing private data. SEO expert Gagan Ghotra raised concerns, while Google's Peter J. Liu clarified that only "clicked share links" are indexed. Ghotra emphasized users might unintentionally share, believing links are "just visible to people who have conversation URL."


🚫 FTC & 17 States Target Amazon over Alleged Monopoly Exploits

The FTC and 17 U.S. states have sued Amazon for alleged anticompetitive practices, asserting the company prioritizes its products and manipulates search results. The FTC claims sellers often give up to 50% of their revenue to Amazon due to steep fees. Amazon counters, insisting its practices promote competition and advantage to consumers, warning of "fewer products, higher prices" if the FTC prevails.

🎬 Hollywood writers' strike ends

The 148-day Hollywood writer's strike concludes as Writers Guild of America members return to work, following a tentative agreement with studios, securing pay raises, AI protections, and increased streaming residuals. The deal awaits ratification, with a union spokesperson emphasizing a "fair and just deal." The strike’s economic impact exceeded $5 billion, affecting various sectors beyond Hollywood.

🎤 Shakira Faces $7M Tax Evasion Charge in Spain

Pop star Shakira is charged in Spain for allegedly evading $7.1m in taxes in 2018, with another $13.9m case pending from 2012-2014, facing up to eight years in prison. She denies the allegations, stating, “I’ve paid everything they claimed I owed… I’m confident that… justice will prevail in my favor,” and accuses Spanish authorities of targeting both celebrities and regular taxpayers.

🚗 Biden encourages striking auto workers during historic picket line visit

President Joe Biden showed unprecedented support for Detroit's striking United Auto Workers, urging better wages as auto profits rise. Asserting “you should be doing incredibly well,” Biden faced Trump's criticism of the visit as a “PR stunt”. The ongoing strike highlights concerns about the transition to electric vehicles, a pivotal issue in key battleground states, amid slow-moving union negotiations.

🏛️ Trump found guilty of defrauding banks, insurers in real estate ventures

On Tuesday, Judge Arthur Engoron found Donald Trump committed fraud, declaring, "massively overvaluing assets," leading to some companies' dissolution and license rescindment in New York. Originating from a lawsuit by NY Attorney General Letitia James, this ruling could strip Trump of control over key properties, impacting his business operations significantly, if unappealed.

🚔 Looting hits Philly stores; around 20 arrested

Philadelphia faced significant looting at various retail stores, with about 100 individuals, including juveniles, involved. Interim Commissioner John Stanford said, "What we had tonight was a bunch of criminal opportunists." Amidst 15-20 arrests, a possible looting "caravan" is under investigation.

On 27 September 2019, the world witnessed an unprecedented climax to a week-long series of climate strikes, inspired by Swedish activist Greta Thunberg. The week-long movement, spanning 150 countries, saw a historic 4 million participants, with notable gatherings in Germany, Italy, and Canada, as activists raised their voices for climate action.

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