U.S. Deficit Hits $1.8T

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BUSINESS & ECONOMY

🤑 U.S. Deficit Hits $1.8T in 2024, Debt Interest Passes $1T

The U.S. budget deficit soared to $1.833 trillion in fiscal 2024, up over 8% from last year, driven by increased spending of $6.75 trillion amid rising interest costs due to Federal Reserve rate hikes. Debt swelled to $35.7 trillion, with interest payments exceeding $1 trillion for the first time. A Treasury official warned, "Interest rates have become a critical burden."

🚨 IMF Chief: "Not Time to Celebrate" Amid Low Growth and High Debt

IMF Managing Director Kristalina Georgieva cautioned on Thursday that high government debt and low growth are significant obstacles to the global economy. Speaking to CNBC, she emphasized that while progress has been made, “anemic growth” complicates debt servicing. Georgieva also warned against international trade becoming less effective due to rising protectionist policies, stating, “It’s not yet time to celebrate.”

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WORLD

🔥 Graham: Israel Can 'Replace Hamas Forever' After Sinwar Killing

Sen. Lindsey Graham, R-S.C., stated that Israel can "replace Hamas forever" after the killing of Yahya Sinwar, the mastermind of the Oct. 7 attacks. On NBC's "Meet the Press," he emphasized that Sinwar's death creates a chance for diplomatic progress with Saudi Arabia, potentially enhancing life for Palestinians. He stated, “The door is now open.”

📰 US Intelligence Leaks Reveal Israel's Iran Attack Plans

The US is investigating a leak of classified intelligence about Israel's military plans against Iran following an October 1 missile attack. Documents dated October 15-16 detail Israeli munitions movements and air force exercises. The FBI is probing access points, heightening concerns over US-Israel relations. Former defense official Mick Mulroy stated, “Trust is a key component in the relationship.”

SCIENCE & TECH

🍏 Apple Set to Unveil First M4 Macs

Apple is set to unveil its first Macs featuring the M4 chip, including updates to the iMac, MacBook Pro, and Mac mini, in under two weeks, with availability beginning on November 1. Anticipated enhancements will include 16GB of RAM as standard, along with a significant redesign for the Mac mini, refreshed USB-C Magic accessories, and support for Wi-Fi 7. 

💰 Generative AI Startups Secure $3.9B in Q3 2024

Investments in generative AI startups reached an impressive $3.9 billion in Q3 2024, spanning 206 deals, as reported by PitchBook. Of this, $2.9 billion was directed toward U.S.-based companies. Major beneficiaries included Magic ($320 million) and Glean ($260 million). Despite ongoing skepticism regarding ROI and environmental implications, investors maintain confidence in generative AI's long-term industry potential.

SPORTS & ENTERTAINMENT

🛑 Rodgers-Adams Reunion Falls Flat for Jets

Aaron Rodgers and Davante Adams failed to ignite the New York Jets offense during a 37-15 loss to the Pittsburgh Steelers. Despite a promising start, the Jets managed just two touchdowns and were shut out in the second half. With frustration evident in the locker room, Rodgers stated, "That game, especially that second half, that's not who this team is."

🏈 Commanders QB Jayden Daniels Exits Blowout Win Over Panthers Early Due to Rib Injury

Commanders quarterback Jayden Daniels left the game early in the first quarter of Washington's 40-7 win over the Carolina Panthers due to a rib injury. He experienced pain after taking hard hits and was ruled out after halftime. Backup Marcus Mariota stepped in, throwing for 205 yards and two touchdowns. Mariota stated, "I'm proud of how the team stepped up."

👶 Jennifer Lawrence Expecting Baby No. 2

Jennifer Lawrence is expecting her second child with her husband Cooke Maroney, as confirmed by a representative to Vogue. The announcement came after she was seen dining in Los Angeles, showcasing her baby bump. The couple, who married in October 2019, also share a two-year-old son, Cy. Reflecting on her experiences, Lawrence stated, “I had a great pregnancy... But what if I was forced to do this?”  

OTHER NEWS

✈️ 2 Navy Crew Members Die in Washington Jet Crash, Recovery Efforts Underway

The Navy confirmed the deaths of two aviators from Electronic Attack Squadron 130 after their EA-18G Growler jet crashed during a training mission on October 15, approximately 30 miles west of Yakima. Recovery efforts are ongoing following challenging search conditions. Cmdr. Timothy Warburton stated, “Our priority right now is taking care of the families of our fallen aviators.” 

🌙 Loneliness Can Lead to Nightmares

Loneliness affects over 55% of Americans during the holidays, with a 2021 survey revealing that 31% felt lonely over the past five holiday seasons. Increasingly, individuals spend nearly seven hours alone daily, contrasting with four hours of social interaction. This disconnect poses health risks comparable to smoking 15 cigarettes a day. U.S. Surgeon General Vivek H. Murthy stated, “Loneliness has become an epidemic.”

🚢 Ferry Dock Collapse on Sapelo Island Claims 7 Lives

At least seven people tragically lost their lives Saturday when a gangway collapsed at a ferry dock on Georgia's Sapelo Island during a Gullah-Geechee fall celebration. Eight others were hospitalized, with six in critical condition. As authorities investigate the cause of the collapse, Governor Brian Kemp expressed deep sorrow, stating, “We ask all Georgians to pray for those affected and their families.” 

🍟 Trump Flips Fries at McDonald's, Questions Harris' Job History

Former President Donald Trump visited a McDonald's in Feasterville-Trevose, Pennsylvania, on Sunday after arriving at Philadelphia International Airport. He cooked fries and served customers, trying to undermine Vice President Kamala Harris's claims of working there in 1983. Trump's repeated accusations lack evidence, prompting Harris's campaign to state, "When Trump feels desperate, all he knows how to do is lie."

THIS DAY THAT YEAR

On October 21st, 1520, explorer Ferdinand Magellan and his three Spanish ships made a groundbreaking discovery by entering the strait that would later bear his name marking the first step toward circumnavigating the globe as they sailed between the southern tip of South America and the island of Tierra del Fuego, heading toward the vast Pacific Ocean.

BRAIN TEASER

Never resting, never still. Moving silently from hill to hill. It does not walk, run or trot. All is cool where it is not. What am I ?

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

Here’s what Friday’s teaser was:

What's as big as you are yet doesn't weigh an ounce?

The answer is: Your shadow

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