Global Debt Set to Hit $100T

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BUSINESS & ECONOMY

💰 IMF: Global Public Debt Set to Exceed $100 Trillion This Year

Global public debt is projected to exceed $100 trillion by the end of this year, according to the IMF. This increase is primarily driven by significant borrowing from the US and China during the COVID-19 pandemic. The IMF warns that over half of global debt is vulnerable to further increases, urging, “Countries should confront debt risks now.” 

🔥 US Consumers Anticipate Higher Long-Term Inflation and Increasing Delinquency Risk

According to the New York Fed, U.S. consumers expect long-term inflation to rise, with forecasts at 2.7% in three years and 2.9% in five years. Delinquency risks also increased, reaching 14.2%, the highest since April 2020. Higher-income households saw the largest rise in risk. Fed Governor Christopher Waller stated, “Monetary policy should proceed with more caution.”

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WORLD

⚠️ Israel vows to cut off supplies to northern Gaza

Israel has restricted food aid to northern Gaza for two weeks, leaving 400,000 Palestinians with a choice to stay and starve or flee south, where safety is uncertain. Israeli human rights groups allege a "starve-or-leave" policy, while U.S. officials have urged Israel to allow more aid. Philippe Lazzarini, head of UNRWA tweeted, “Civilians are given no choice but to either leave or starve.”

🚧 EU Tightens Immigration Rules, Reducing Irregular Border Crossings 

Detected irregular migration into the EU fell 42% to 166,000 from January to September 2024 compared to the same period last year, as EU nations adopt stricter policies amid pressure from right-wing parties. Frontex highlighted a significant decline in crossings through the Central Mediterranean and Western Balkans routes. European Commission President Ursula von der Leyen stated, “Sustainable policy requires effective returns.”

🇺🇸 US Troops Arrive in Israel for THAAD Support

US troops have arrived in Israel to support the deployment of a Terminal High-Altitude Area Defense (THAAD) system. Pentagon Press Secretary Maj. Gen. Pat Ryder confirmed that an advance team and initial components arrived on Monday. More personnel and equipment will follow in the coming days. Ryder stated, “The battery will be fully operational capable in the near future.”

🚨 US Issues 30-Day Gaza Aid Ultimatum to Israel, Warns Military Support at Stake

The US has warned Israel to increase aid to Gaza within 30 days or risk reduced military support. The letter from Secretary of State Blinken and Defense Secretary Austin highlights restricted aid and worsening conditions amid Israel's offensive, citing nearly 90% of denied humanitarian movements. President Biden stated, “Addressing this crisis is crucial—lives are at stake.”

🇮🇱 Netanyahu to Macron: Israel's Creation Was Fueled by 'Heroic Fighters' Blood, Not the UN

French President Emmanuel Macron, addressing his cabinet, stated that Israel was created by the United Nations in 1947. He urged respect for UN decisions amid ongoing conflicts. Israeli Prime Minister Benjamin Netanyahu countered, stressing that Israel's creation was through “the blood of our heroic fighters” during the War of Independence, stating, “It was not a UN decision that established the State of Israel.” 

SCIENCE & TECH

🌕 October's Hunter Moon to Be Brightest Supermoon of 2024

October’s full Moon, known as the Hunter’s Moon, will rise on Thursday, October 17, at 7:26 a.m. EDT, becoming the brightest Supermoon of the year due to its proximity to Earth. Although it will be below the horizon at that time, the Moon will appear full from Tuesday evening through Friday morning. NASA’s Gordon Johnston stated, “This is the third of four consecutive Supermoons.” 

📱 Future iPhones to Feature 12GB Memory Starting Next Year

Future iPhones are set to feature 12GB RAM starting next year. Currently, the iPhone 16 models come with 8GB RAM, essential for Apple Intelligence features. Ming-Chi Kuo predicts that the iPhone 17 Pro Max will gain 12GB RAM, with both iPhone 18 Pro models potentially following suit. A new 2nm chip packaging method is expected for the 2026 iPhones, further supporting this memory upgrade.

🚀 NASA's Europa Clipper Heads to Jupiter!

NASA's Europa Clipper mission, launched atop a SpaceX Falcon Heavy rocket from Kennedy Space Center, is now en route to Jupiter’s moon Europa. The spacecraft, with deployed solar arrays, will travel 1.8 billion miles over five-and-a-half years, using gravity assists from Mars and Earth. Sandra Connelly, Deputy Associate Administrator stated,  “Scientists believe Europa has suitable conditions below its icy surface to support life.”

SPORTS & ENTERTAINMENT

🌟 Bills Acquire Star WR Amari Cooper from Browns

The Buffalo Bills traded a 2025 third-round pick and a 2026 seventh-round pick to the Cleveland Browns for Amari Cooper and a 2025 sixth-round pick. Seeking to strengthen their offense after trading Stefon Diggs to the Houston Texans, the Bills added Cooper, 30, as a key target for Josh Allen. Browns GM Andrew Berry stated, “We appreciate Amari’s hard work.” 

⚽ Messi Scores Hat Trick for Argentina, Hints at Possible Retirement

Lionel Messi delivered a masterclass for Argentina, scoring three goals and setting up two more in a commanding 6-0 triumph over Bolivia during the South American World Cup qualifiers at the Monumental de Nuñez Stadium. The 37-year-old soaked in the crowd’s admiration, enjoying the emotional connection. With his 10th international hat trick, he matched Cristiano Ronaldo's record.  He stated, "These can be my last games." 

🚫 Kylian Mbappé's Team Denies Rape Allegation Reports

Kylian Mbappé’s representatives have dismissed allegations of rape in Stockholm as “completely false” and “baseless rumors.” The incident reportedly occurred last Thursday, with a complaint filed the next day. Swedish authorities confirmed an investigation without naming a suspect, while local media suggested Mbappé’s involvement. Mbappé called it “Fake News!!!!” on social media. His lawyer stated, “He has done nothing wrong.”

OTHER NEWS

🗣️ Trump Declares GOP as 'Party of Common Sense' in Heated Bloomberg Interview 

Former President Trump labeled the GOP as "the party of common sense" in a contentious interview with Bloomberg’s editor-in-chief John Micklethwait at the Economic Club of Chicago on Tuesday. Addressing economic plans, tariffs, and immigration policies, Trump defended his trade stance, stressing a “100% tariff” on imports and stated, “It is 99.9% common sense.” 

🛑 Georgia Judge Halts Hand-Counting Election Rule

Georgia Judge Robert McBurney temporarily blocked a new election rule mandating hand-counting of ballots for the November presidential election. This ruling arose from concerns voiced by Cobb County officials and the Democratic Party about potential chaos and delays. McBurney emphasized that the timing made implementation "quite wrong," stating, "Anything that adds uncertainty and disorder to the electoral process disserves the public."

THIS DAY THAT YEAR

On October 16th, 1968, during the awards ceremony for the 200-meter race at the Mexico City Olympics, American sprinters Tommie Smith and John Carlos raised their fists in a Black Power salute. This powerful gesture led to their expulsion from the Games, making a lasting statement on racial equality and civil rights.

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What gets wet the more it dries?

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