Drugs Predicted as 2024's Top Security Threat

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🚀 Arm Surges 25% in Top IPO of the Year

British chip designer Arm's shares surged 25% in Nasdaq's largest IPO this year, valuing the company at $67.9 billion. This positive debut could signal a revival in the tepid IPO market. David Hsu from the Wharton School noted, "Offerings like this are often beacons to decipher the sentiment of this marketplace," suggesting a hopeful outlook for companies like Instacart and Klaviyo.

🛑 IRS Stops Fraud-Linked Pandemic Tax Credit Claims

The IRS halted new claims for the Employee Retention Credit, originally designed to prevent pandemic layoffs but now rife with fraud. IRS Commissioner Werfel remarked on the program's abuse: “Instead of a trickle of claims, we are seeing a tsunami." Over 600,000 businesses claimed in the last 90 days, with the IRS distributing $230 billion, significantly exceeding estimates.

🌍 US redirects millions in funds from Egypt to Taiwan and Lebanon.

The Biden administration is withholding $85m in aid from Egypt due to concerns about political prisoners, reallocating $55m to Taiwan and $30m to Lebanon. Although Cairo can access $235m of $320m contingent on human rights, Antony Blinken justified a waiver, saying Egypt’s cooperation “merits the national security waiver for fiscal year 2022” amid ongoing U.S. support for Taiwan's defense.

🎯 U.S. Targets Russian Military Supplies with New Sanctions

The U.S. imposed broad sanctions on 150+ entities tied to Russia's Ukraine invasion and Kremlin ties. Aiming "to target Russia’s military supply chains," said Treasury Secretary Yellen, the move impacts individuals across Turkey, Georgia, Finland, and the UAE, including arms facilitators and defense supporters. It also addresses tech imports and Russia's Arctic energy ambitions.

🚫 Drugs Predicted as 2024's Top Security Threat: DHS

Illegal drugs, primarily from Mexico, are foreseen as the top U.S. national security threat in 2024, with overdose deaths crossing 100,000. The DHS report highlights: "While terrorists pose an enduring threat... drugs kill and harm far more people." Fentanyl remains a major concern. Additionally, the DHS warns of southern border threats, and cyberattacks targeting the 2024 elections.

🛸NASA Announces New U.F.O. Research Director

NASA has named Mark McInerney as its research director for "unidentified anomalous phenomenon" (U.A.P.), following after an independent report recommended the agency do more to investigate to collect and interpret data on UAP. While no extraterrestrial evidence was found, NASA Administrator Bill Nelson emphasized a transparent, scientific approach: “NASA will do this transparently."

🎮 ‘We have never made a public statement before. That is how badly you fucked up.’ : Unity Developers React to New Pricing Scheme

Unity faced backlash after introducing a pricing model charging developers per game install beyond certain thresholds. The gaming community criticized the decision, with Aggro Crab highlighting the community's concerns, noting the potential fees "regardless of how that copy was obtained." Amidst the uproar, many developers considered switching to alternative game engines, signaling eroded trust in Unity.

🔫 Hunter Biden indicted for firearm offenses
Hunter Biden, President Joe Biden's son, faces indictment over a 2018 gun purchase while struggling with drug addiction, marking a historic first for a sitting president's child. As the 2024 reelection nears, this development follows a collapsed plea deal. Hunter's lawyer, Abbe Lowell, commented on the situation, stating: "A prosecutor bending to political pressure presents a grave threat to our system of justice." Concurrently, House Republicans initiated an impeachment inquiry connected to Hunter's business ventures.

📊 5 states prosper while 17 face decline, according to Census data.

2022 U.S. Census data reveals a 1% decline in national median household income to $74,755. While income grew in five states, it decreased in 17 others, with D.C. having the highest ($101,027) and Mississippi the lowest ($52,719). Amid expiring pandemic-era benefits, the supplemental poverty rate for children rose sharply by 7.2 percentage points to 12.4%.

🚗 Auto workers seek 4-day workweek

The United Auto Workers (UAW), representing Detroit's Big 3 automakers-Ford, General Motors, and Stellantis, may strike over contract issues, notably pushing for a 32-hour workweek at 40 hours pay. UAW President Shawn Fain said, "Sadly... we have to fight just to have the 40-hour workweek back." They're also demanding higher pay, increased PTO, and restored Cost Of Living Adjustments (COLA).

On 15 September 1821, Central American leaders endorsed a plan formulated by the Mexican leader Agustín de Iturbide, resulting in independence from Spain for Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua. These nations, which made up the Central American Federation (also known as the Federation of the Centre of America), declared their freedom from Spanish rule on this day.

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