US Debt Interest Soars Above $1 Trillion Annually

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🚀 US Debt Interest Soars Above $1 Trillion Annually

U.S. annualized interest payments on government debt hit $1 trillion, doubling in 19 months, with actual payments at $879.3 billion last fiscal year. Bloomberg Intelligence anticipates "further increases to Treasury coupon auctions and T-bills outstanding," as over $2 trillion in deficits and refinancing from March 2020 issuance loom, potentially escalating the interest bill amid rising long-term Treasury yields.

📈 US Household Debt Climbs $78 Billion, Reports Indicate

American household debt rose by $78 billion in Q3 2023, reaching an average of $145,319 per household, as per WalletHub. John Kiernan warns, "It’s not a good sign" entering Q4 with such debt, traditionally a high-spending period. The year might end with households $350+ billion deeper in debt, pushing the total to $17.3 trillion. Increases were noted in both mortgage debt and credit card debt, which hit $1.08 trillion.

🇵🇹 Portuguese Prime Minister António Costa Steps Down Amidst Corruption Scandal

Portuguese PM António Costa resigned after a corruption probe targeting his cabinet over alleged prevarication, corruption, and influence peddling related to mining and energy projects. He stated, “In these circumstances, obviously, I have presented my resignation.” President Marcelo Rebelo de Sousa accepted, likely prompting elections. Arrests include Costa’s chief of staff amid the investigation which overshadows the Socialists' recent electoral win.

🕌 Saudi Arabia to Convene Arab, Islamic Summits on Gaza Conflict

Saudi Arabia will host imminent Arab and Islamic summits focused on the Israeli-Palestinian conflict, confirmed Investment Minister Khalid Al-Falih. The country aims to "drive towards peaceful resolution of the conflict" through these meetings. Iran's President Raisi will join post-detente, signaling a significant step in regional diplomacy. An African nations summit is deferred to prioritize these discussions.

📱 Samsung Launches Generative AI, Samsung Gauss

At the Samsung AI Forum, Samsung revealed Gauss, its generative AI named after Carl Friedrich Gauss, poised to bolster consumer experiences with language, code, and image models. While enhancing internal productivity, future product integration is planned. With a commitment to privacy, Samsung’s AI Red Team vigilantly maintains security during data handling and AI applications, ensuring consumer information protection on devices.

🛍 Google Launches New Search-Based Shopping Portal

Google unveiled a shopping feature powered by its Shopping Graph, functioning as a portal with deals in categories like electronics and apparel. Chrome adds a bookmarking tool, desktop "price insights," and mobile price drop alerts, addressing the concerns of 80% of shoppers seeking the best holiday deals. These updates aim to double the deals on offer, enhancing price transparency and potentially impacting retailer loyalty.

🏆 Patrick Dempsey Wins People Magazine's Sexiest Man Alive Title

Patrick Dempsey has been crowned 2023's Sexiest Man Alive by People magazine, revealed on "Jimmy Kimmel Live!". Dempsey humorously shared his family's disbelief and his own surprise, remarking, "I’m just happy they made a decision and that it was me this year." Known for "Grey's Anatomy," he's gearing up for the "Ferrari" biopic. He inherits the title from Chris Evans.

🎮 Nintendo Joins Sony for Live-Action 'Legend of Zelda' Film

Nintendo is set to create a live-action "Legend of Zelda" film, produced by gaming legend Shigeru Miyamoto and movie veteran Avi Arad. Directed by Wes Ball with a script by Derek Connolly, the project is distributed by Sony Pictures. Shigeru Miyamoto hinted at its long development, while the narrative—whether a new story or an adaptation—remains a tantalizing mystery to fans.

🎤 G-Funk Icon C-Knight Dies Following Life Support Withdrawal After Stroke

West Coast rap icon C-Knight, a key member of the Dove Shack, passed away at 52 after a stroke complicated by diabetes, leading to cardiac arrest. Hospitalized since October 18, he became unresponsive on life support, with doctors uncertain of brain activity. Remembered for hits like "Summertime in the LBC," C-Knight was a peer of Warren G and Snoop Dogg in shaping the '90s rap scene.

🎮 Rockstar Set to Reveal Grand Theft Auto VI This Week

Bloomberg suggests Rockstar Games may announce "Grand Theft Auto VI" imminently, with a trailer expected next month amid 25th-anniversary celebrations. Following 2013's record-selling GTA V, leaks revealed a new female lead and Vice City backdrop. Rockstar affirmed the leaks, asserting development will proceed "as planned." Parent Take-Two hints at a 2024 release.

🌡️ EU Scientists Predict This Year to be Hottest in 125,000 Years

2023 is on track to be the warmest year in over 125,000 years, EU scientists state, with October's heat surpassing previous records by 0.4°C — a "very extreme" margin. Amidst rising greenhouse emissions and an El Niño event, climate anomalies like this could signify a new climate state, with Copernicus Climate Change Service’s Samantha Burgess stressing the urgency for emissions reduction as extreme weather events become more common.

🗳️ Ohioans Vote to Embed Abortion Access in State Constitution

Ohioans have made a law that protects the right to abortion, in their constitution, a move praised as a "win for bodily autonomy" by activists, signaling a Democratic stronghold. Celebrated by President Biden and VP Harris, this decision may preview the 2024 election climate, highlighting the minority stance on strict abortion limits in the U.S.

On November 8, 1966, U.S. President Lyndon B. Johnson took a historic step by signing a tax bill that included a provision enabling the merger of the National Football League (NFL) and the American Football League (AFL). This move was aimed at averting potential legal disputes related to antitrust concerns.

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