Older Americans Spending More

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BUSINESS & ECONOMY

📈 Older Americans Boost Economy with Increased Spending Due to 'Wealth Effect'

Older Americans are boosting the U.S. economy through increased spending, driven by rising home and stock values the "wealth effect." This surge in financial confidence enables them to spend more on travel and entertainment, without relying on loans. Economics Professor Lonnie Golden observes, "They're not going to come down as long as people are eating out, traveling, spending on healthcare and pharmaceuticals." 

🚗 U.S. Cars to Feature Mandatory Automatic Brakes by 2029 

Starting in 2029, every new car and truck sold in the U.S. will be required to have automatic emergency braking systems. This federal mandate aims to significantly enhance road safety, with Transportation Secretary Pete Buttigieg stating the measure "saves hundreds of lives and prevents tens of thousands of injuries annually."  

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WORLD

🚫 US Calls for Halt on Arms Supplies to Sudan, Cites Genocide Risk 

The U.S. has called on nations arming Sudan's factions to cease, highlighting imminent risks of genocide in Darfur, reminiscent of past atrocities. Ambassador Linda Thomas-Greenfield emphasized the urgency in an emergency U.N. meeting, warning of potential mass killings in El Fasher and a worsening crisis, with millions at risk of famine. She stressed, "An attack on El Fasher would be a disaster on top of a disaster."   

🔍 Congress Warns ICC Against Issuing Israeli Arrest Warrants

The International Criminal Court's potential arrest warrants for Israeli officials have sparked a backlash from U.S. Congress members across party lines. They are preparing retaliatory legislation, according to Axios. House Speaker Mike Johnson described the warrants as "disgraceful" and "lawless," warning they could set a precedent affecting American leaders. Johnson urged the Biden administration to firmly oppose the ICC’s actions.

🔴 US, UK Slam Iraq's Proposed Anti-LGBTQ Legislation

Iraq's Parliament has amended a 1988 anti-prostitution law to criminalize homosexuality and punish those promoting "sexual deviancy" with harsh penalties. The revision imposes 10-15 years' jail for same-sex relations and bans organizations advocating LGBTQ+ rights. U.S. State Department Matthew Miller criticized the move, warning it "threatens those most at risk in Iraqi society" and could damage Iraq's economic prospects.  

SCIENCE & TECH

🛡️ Google Blocked 2.28 Million Malicious Apps on Play Store Last Year 

In 2023, Google defended the Play Store by blocking 2.28 million malicious apps and suspending 333,000 developer accounts for policy violations. Using SAFE principles, Google enhanced SDK privacy and ensured VPN apps passed independent security reviews. Additionally, Play Protect detected five million new harmful apps.

🔍 Majority of Americans Support Government Regulation of Social Media

A Pew Research study reveals 51% of Americans support government regulation of social media, down from 56% in 2021 post-Capitol Riots, this is due to misinformation and platform influence on democracy. People increasingly distrust platforms to self-regulate effectively, favoring government intervention to ensure a balanced and accountable approach to content moderation.  

🚗 Tesla and Baidu Partner to Develop Self-Driving Cars in China

Elon Musk’s Tesla has partnered with Chinese internet giant Baidu to develop autonomous vehicles in China. The collaboration allows Tesla to comply with China's specific mapping qualifications and leverage Baidu’s extensive data on local driving conditions. Musk stated, "All cars will be electric in the future."

SPORTS & ENTERTAINMENT

🏈 Ryan Reynolds and Rob McElhenney Acquire Stake in Football Club

Ryan Reynolds and Rob McElhenney have joined Eva Longoria in buying a stake in Mexico's top football club, Club Necaxa, along with other celebrity investors like Justin Verlander and Odell Beckham Jr. This expansion follows their success with Wrexham, which recently secured back-to-back promotions. The move could facilitate player exchanges between Necaxa and Wrexham, enhancing both clubs' competitive and commercial prospects. 

🏈 Travis Kelce Commits to Kansas City With 2-Year Extension

The Kansas City Chiefs have secured Travis Kelce for two more years with a $34.25 million extension, making him the highest-paid tight end through 2027. Kelce expressed his enthusiasm: "It's an honor and a pleasure and I can't wait to get after it these next two years but no better than right now."  

OTHER NEWS

🚨 Four Officers Killed, Four Wounded in Charlotte, NC, Residence Shooting 

Four officers were fatally shot and four others wounded while attempting to serve a firearms warrant In Charlotte, North Carolina. They were ambushed by a suspect using a high-powered rifle, prompting an exchange of gunfire that resulted in the suspect's death. Police Chief Johnny Jennings described the event as "the most tragic one" of his career.

🚫 Columbia Suspends Pro-Palestinian Protesters as Encampment Negotiations Freeze 

Columbia University began suspending pro-Palestinian protesters who refused to dismantle their encampment on campus after negotiations over their anti-Israel demonstration failed. The university cited disruptions, particularly affecting Jewish students and faculty. Protesters, demanding divestment from Israel, transparency, and amnesty, vowed to remain until their objectives are met or they are forcibly removed. 

THIS DAY THAT YEAR

On April 30, 1789, George Washington was inaugurated as the first President of the United States. The ceremony took place at Federal Hall in New York City, where he addressed his constituents about the actions of a new and free government. 

BRAIN TEASER

If you drop me I’m sure to crack, but give me a smile and I’ll always smile back. What am I?

Nailed it or stumped? Hit us with a reply and find the correct answer 🎯

Here’s what yesterday’s teaser was

The more you take, the more you leave behind. What am I?

The answer is - Footsteps

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