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π€³19th April 2024 | IMF Warns of soaring US National Debt, US Vetoes Full Palestine Membership, Six iPhone 16 Camera Upgrades Expected, and more!
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SCIENCE AND TECHNOLOGY
π€ Meta launches advanced AI chatbot across all apps
Source - SocialMediaToday
Meta introduces Meta AI, with generative AI across Facebook, Instagram, WhatsApp, and Messenger. Powered by the Llama 3 engine, offering in-app access to AI chatbots for tasks like web searches and content generation where users can utilize Meta AI to accomplish tasks, learn, create, and connect with what matters to them, across these platforms in its AI integration strategy, targeting users in multiple countries.
π± Six iPhone 16 Camera Upgrades Expected in 2024
Apple's iPhone 16 will revolutionize smartphone photography with groundbreaking camera upgrades. Base models boast a vertical layout for Spatial Video, while Pro versions impress with a 48MP Ultra Wide lens and potential super telephoto periscope cameras for superior zoom. The iPhone 16 Pro models will feature a tetraprism lens enabling 5x optical zoom, all the models are equipped with anti-reflective coatings and a dedicated Capture Button for effortless photography.
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BUSINESS AND ECONOMY
π¨ IMF warns of soaring US national debt: 'Something will have to give'
The IMF warns the U.S. national debt will triple other economies' deficits by 2025, posing global risks. The fiscal gap surge is expected to double by 2053, with debt projected to reach an astonishing $54 trillion within the next decade. IMF chief economist Pierre-Olivier Gourinchas quoted stating "It raises short-term risks to the disinflation process, as well as longer-term fiscal and financial stability risks for the global economy."
π What Is Bitcoin Halving and Why Does It Matter?
Source - Reuters
Bitcoin's upcoming 'halving,' occurs roughly every four years to reduce the rate of new bitcoins entering circulation where advocates argue this scarcity enhances its value, but skeptics see it as a speculative ploy. The halving, embedded in Bitcoin's code by its creator Satoshi Nakamoto, slashes rewards for miners, impacting its supply and warning of Bitcoin's speculative nature.
WORLD
π Israeli missile strikes Iran, confirmed by U.S. officials
Source - CBS News
Israel retaliated against Iran's recent attack, signaling its capability while Iran's air defense fired across provinces, notably at Isfahan, home to military and nuclear sites with Tensions rising as the US urges restraint and declines participation in the Israeli retaliation. President Biden emphasized considering regional implications, stating, "Think about what that success says all by itself to the rest of the region."
π Democrats Save Ukraine Bill Vote in Unconventional Move
House Republicans advance a $95 billion package for Ukraine and Israel, where the Democrats step in to save the bill without a direct up-or-down vote. Meanwhile in the Rules Committee. Speaker Mike Johnson emphasized aiding Ukraine to prevent US military involvement, stating, "Iβd rather send bullets to Ukraine than American boys."
π« US vetoes UN resolution for full Palestine membership
Amid the ongoing crisis in Gaza, the United States vetoed a UN resolution for full Palestinian membership. The vote stood at 12 in favor, 1 opposed (US), and 2 abstentions. Despite this setback, global support for Palestine surged with the US emphasizing the need for direct negotiations, Israel cited Palestinian terror ties thanking the US for its stance. Israeli envoy Erdan warned, "Your vote will embolden Palestinian rejectionism."
SPORTS & ENTERTAINMENT
π NHL Team relocating from Arizona to Salt Lake City to adopt Utah-inspired name
Source - AP Photo/Isaac Hale
The NHL team relocates from Arizona to Salt Lake City and will temporarily be named Utah until a permanent name is decided The new owner Ryan Smith emphasizes the community will add the Delta Center for dual-sport events including making Utah a hockey market, Smith is confident in fan support, citing strong ticket sales post-announcement stating "The one thing I do know about Utah is people show up."
πΈ Allman Brothers Co-Founder Dickey Betts Dies at 80
Source - Branden Camp | AP Photo/Branden Camp
Dickey Betts, legendary guitarist of the Allman Brothers Band, dies at 80. He co-wrote hits like "Ramblinβ Man" and "Jessica," shaped Southern rock influencing spanned acts like Lynyrd Skynyrd and ZZ Top. Betts' departure in 2000 marked the end of an era for the band, marred by internal conflicts.
OTHER NEWS
π¨ DHS warns emergency services vulnerable to cyberattacks
Source - Alex Edelman/AFP via Getty Images, File
Emergency services, notably 911 call centers, are vulnerable to cybercriminals, warns a DHS assessment. Ransomware attacks disrupt operations, endangering public safety and sensitive data with Collaborative cybersecurity efforts urging amidst escalating concerns over election security and domestic extremism. John Cohen, former DHS intelligence chief, stresses, "Good preparation is good prevention in this volatile and complex threat environment."
π DeSantis mandates communism education in Florida schools
Source - AP Photo/Robert F. Bukaty
Florida Governor Ron DeSantis signed a bill requiring Florida public schools to educate students on the "dangers and evils of communism,β which includes creating a communism history museum and an institute at Miami Dade College where Instructional topics will cover communism's history, atrocities, and its threat emphasizing the importance of understanding communism's impact. DeSantis states, "The truth will set us free."
THIS DAY THAT YEAR
Source - Britannica
On April 19, 1775, the American Revolution ignited clashes between British regulars and American provincials. The conflict commenced at Lexington, where 77 local minutemen confronted 700 British soldiers. It intensified at Concord, where 320 to 400 Americans forced the British to retreat.
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