iPhone 16 will Feature 7 Colours

🤳11th April 2024 | Urgent US Debt Detox Needed, Margot Robbie to Produce Monopoly Movie, AI Competition Intensifies, House Republicans Oppose Spy Bill, and more!

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SCIENCE & TECH

🚀 AI Competition Intensifies as OpenAI Google and Mistral Unveil Latest Models

OpenAI, Google, and Mistral simultaneously launched advanced AI models, signaling an intense upcoming competition. OpenAI's GPT-4 Turbo, Google's Gemini Pro 1.5, and Mistral's Mixtral 8x22B introduced cutting-edge multimodal capabilities. Meta gears up to release Llama 3,  for open-source development. Yann LeCun of Meta underlines the shift towards "objective-driven" AI, stressing, "We'll get there" with AI systems surpassing human abilities. 

🌍 Warming Climate Threatens Antarctic Meteorite Recovery

Antarctica's icy expanse, crucial for meteorite discovery with about 1,000 finds yearly, faces a threat from climate change. As meteorites sink into melting ice, potentially vanishing at a rate of 5,000 annually. Maria Valdes a research scientist at the Field Museum of Natural History encapsulates the challenge, "We lose precious time capsules that hold clues to the history of our Solar System." 

🎨 iPhone 16 May Feature Array of New Colors

Source - 9TO5 Mac

Rumor has it, the iPhone 16 is about to get a splash of color, with white and purple joining the party alongside the classic pink, yellow, blue, green, and black. That's seven shades are for the iPhone 16 Plus, this hints at a shift in Apple's design playbook. Alex Marcellino, an Assistant Treasurer from Connecticut, states, "Not sure how we're still stuck in the narrative that having a 'Pro' phone means being limited to a monochrome palette."  

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BUSINESS & ECONOMY

📈 Inflation Soars with Rising Fuel and Housing Price

Source - Getty Images 

In March, U.S. consumer prices rose 3.5% year-on-year, exceeding expectations and signaling inflationary pressures persist, driven by higher fuel, housing, dining, and clothing costs. With the Fed's rate at a two-decade peak (5.25%-5.5%), analysts have adjusted their rate-cut forecasts. Neil Birrell commented, "The Fed has got some head scratching to do," as global central banks watch closely.   

🚨 Economist warns urgent US debt detox needed to avoid stealth recession

Economist Harry Dent issued a stark warning about the U.S.'s ballooning debt, urging a crucial "debt detox". He highlighted an alarming rise in national debt, now over $34 trillion, which was exacerbated by the government's missteps during the COVID-19 crisis. Dent predicts imminent recession due to the Federal Reserve's sharp interest rate increases, as he concludes, "They make it worse in the end."   

WORLD

🇪🇺 EU Migration Reform Advances with Narrow European Parliament Approval

The European Parliament's endorsement of the New Pact on Migration and Asylum represents a pivotal advancement in EU migration policy, for unified management of asylum seekers and introducing "mandatory solidarity" among member states. Amidst criticism and controversy, It strives to balance humanitarian concerns. Parliament President Metsola celebrated the occasion, stating, "We have listened, we have acted and we have delivered."

📈 US-China Import Rates Surge, Hitting New High Since Fall

Source -  National Retail Federation and Hackett Associates' Global Port Tracker

In the wake of China's post-Lunar New Year manufacturing resurgence, the U.S. is set to see a notable spike in imports, with anticipated cargo volumes at major ports reaching over two million units by May—an 11% increase from last year. John Gold from the NRF emphasizes, "This growth is a testament to the enduring strength of U.S.-China trade relations, even in uncertain times."

SPORTS & ENTERTAINMENT

🎬 Margot Robbie Takes Charge of Monopoly Movie Production

Lionsgate has officially brought Margot Robbie on board to produce the long-awaited Monopoly movie with her team at LuckyChap, in partnership with Hasbro Entertainment. After years of anticipation and swirling rumors, the project is finally gaining momentum, propelled by Lionsgate’s purchase of eOne. LuckyChap highlighted, "Monopoly is a top property pun fully intended." 

🏀 Jrue Holiday Secures $135M, 4-Year Deal with Celtics

The Boston Celtics secured Jrue Holiday with a $135 million, four-year extension, following his opt-out of a $37.4 million salary for 2024-25. Holiday's collaboration with Tatum and Brown led the Celtics to an NBA-best 62-17 record. Brad Stevens emphasized his vision, stating, "We've wanted him here for a long time... this is something that we hope can be a long-term relationship, obviously beyond these years of his contract."

🏀 Ex-NBA Player Ben McLemore Faces First-Degree Rape, Additional Charges

Former NBA player Ben McLemore was arraigned in Oregon on four sex charges, including first-degree rape. Arrested at Portland International Airport, the allegations stem from an October 2021 incident in Lake Oswego. McLemore, who hasn't played in the NBA since 2022, faces up to 20 years for the most serious charges.

OTHER NEWS

🏛️ House Republicans Oppose Spy Bill  Making It Challenging for Johnson

Source - Ricky Carioti/The Washington Post

House GOP divisions, led by 19 far-right members, are stalling The Foreign Intelligence Surveillance Act (FISA) reauthorization, enacted to bolster U.S. surveillance for national security, is challenging Mike Johnson's leadership amid demands for anti-spying reforms Trump's claim that FISA was "illegally used" against him adds to the tension, with Rep. Marjorie Taylor-Greene stating "This is not going to be tolerated by Republicans." 

🌪️ Mississippi Tornadoes Cause Fatalities, Floods, and Hail in the South

 Severe weather, including deadly tornadoes and flash floods, impacts over 30 million across the Gulf Coast and Southeastern U.S., claiming one life in Mississippi. Texas and Louisiana face significant power outages, school closures, and emergency rescues amid warnings of "widespread damaging winds" up to 80 mph as the storm system move towards Georgia and Florida.
 

BRAIN TEASER

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Here's what yesterday's teaser was:

"I have keys but no locks. I have space but no room. You can enter, but can't go outside. What am I?"

The answer is: A Keyboard

THIS DAY THAT YEAR

Source - Britannica 

On April 11th, 1815, a monumental volcanic event took place situated along the northern coastline of Indonesia's Sumbawa island, erupted in a cataclysmic explosion. It is the largest volcanic eruption recorded in history killing about 10,000 people. It is now 2,851 meters (9,354 feet) high, having lost much of its top in the 1815 eruption.

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