US Credit Card Debt hits $1.08 Trillion

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📈 US Credit Card Debt Hits $1.08 Trillion, Reports New York Fed

The New York Fed reports U.S. credit card debt has hit $1.08 trillion, with a $154 billion spike, the "largest increase since 1999," driven by the Fed's 11 rate hikes to combat inflation. Credit card rates exceed 20%, an "all time high," with rising delinquencies, notably among millennials (30-39), struggling with "student loan debt" alongside new credit burdens.

🍎 Apple Faces Setback in Battle Against EU's $14B Tax Ruling

Europe's top court adviser suggested reversing a decision that favored Apple, advocating for the enforcement of a $14 billion tax payment to Ireland, initially ordered by the EU in 2016 for alleged preferential tax treatment. Advocate General Giovanni Pitruzzella stated, "The judgment of the General Court on 'tax rulings'...should be set aside," indicating the need to revisit Apple's tax obligations under European law.

🚀 US Airstrikes Hit IRGC-Linked Arms Depots in Eastern Syria

U.S. F-15s hit an IRGC-used arms facility in Syria; Defense Secretary Lloyd Austin affirmed, "The United States will defend itself," in response to attacks on American troops. Ensuring no civilian harm and deconfliction with Russia, the strike underscores America's resolve to protect its forces and deter Iranian-backed aggression.

🚀 Ukrainian Medal Ceremony Devastates by Russian Missile Attack

During a Ukrainian 128th Brigade medal ceremony in Zaporizhzhia, a Russian missile strike killed at least 19, prompting a criminal negligence investigation. President Zelensky described the incident as "a tragedy that could have been avoided" and suspended the brigade commander.

📱 Samsung Unveils 'Galaxy AI' with Real-Time Call Translation Feature

Samsung announced a "new era of Galaxy AI" with features like "AI Live Translate Call" for real-time translation in its upcoming smartphones, starting with the Galaxy S24 series. Emphasizing "Galaxy security and privacy," the initiative leverages on-device and cloud-based AI, developed through open collaborations. This aligns with Samsung's AI model Gauss and positions the company in competition with other tech giants' AI-powered tools and devices.

📱 Google Calls on Regulators to Force Apple to Open iMessage

Google and major EU telcos have requested the European Commission to regulate Apple's iMessage as a "core" service under the DMA, highlighting its role as “an important gateway between business users and their customers.” The coalition argues iMessage's interoperability is crucial given Apple's significant user base. Apple counters, stating consumers have many messaging choices. The EU's decision on iMessage's designation is expected by February.

👍 SAG-AFTRA Greenlights Historic Strike-Ending Deal

SAG-AFTRA negotiators unanimously pass a historic tentative deal ending Hollywood's longest strike, featuring a 7% pay raise, first-ever AI actor protections, and a "streaming participation bonus." Awaiting national board approval, the contract promises over $1 billion in value. Disney CEO Iger stresses the deal's urgency to preserve the film season. Full details are to follow after the board's decision.

✨ 2024 Met Gala Theme Announced

"Sleeping Beauties: Reawakening Fashion" is set for the 2024 Met Gala, featuring a Met exhibit with 250 unique pieces, blending the past and present. CEO Max Hollein anticipates an imaginative display, enhancing the "emotional poetics of fashion," Vogue notes. Curator Andrew Bolton stresses the show's "sensorial appreciation," with high-profile designers spotlighted.

📉 U.S. Census Forecasts Population Decline by 2080

America faces a potential population decline after 2080 without increased immigration, says the U.S. Census Bureau. By 2100, the population might grow only 9.2% from 2023 levels. Key demographics will shift, with over-65s outnumbering children by 2029 and the non-Hispanic white population dropping to 44.9% by 2060. These trends could dramatically impact the economy, labor force, and health care costs.

✖️ Minnesota Supreme Court Upholds Trump's GOP Primary Ballot Spot Despite 14th Amendment Claim

The Minnesota Supreme Court ruled to keep Trump on the GOP primary ballot, sidestepping the 14th Amendment's "insurrectionist ban," but noted challengers could contest his general election eligibility. The court's dismissal, which Chief Justice Hudson hinted was out of "judicial restraint," defers to voters' choice. Trump's campaign claimed the decision validates against "un-Constitutional" challenges, with potential appeals looming.

👮 DOJ Busts Elite Brothel Network Patronized by Officials and Military Officers

Three charged with running a "high-end brothel network" in Massachusetts and Virginia, serving a client base from elected officials to military officers, says acting US attorney Joshua Levy: "Pick a profession, they're probably represented." The ongoing investigation has yet to disclose client identities, with the accused facilitating operations through websites and rented apartments.

On 9th November 1989, the Berlin Wall, which had long been a symbol of the Cold War and was erected in 1961 to separate the western and eastern sectors of Berlin over a span of 28 miles (45 km), was opened by the East German government.

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