US Dollar Collapsing

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BUSINESS & ECONOMY

🏦 Fed Signals Upcoming Interest Rate Cuts

Federal Reserve Chair Jerome Powell, eyeing a cautious step back from heightened interest rates, cites the need for "just a bit more evidence" that inflation is closing in on the 2% target. Despite solid economic growth and job numbers, including a significant February hiring surge, unanimous decisions to keep rates steady reflect strategic patience. Upcoming meetings may signal potential rate cuts, with Powell emphasizing, "We’re not far from it," amidst inflation and policy recalibration discussions.

🌐Bank of America Issues Warning of a US Dollar Collapse: BRICS

The US national debt is surging by $1 trillion every 100 days, reaching $34.4 trillion, sparking concerns of a financial crisis. Bank of America's Michael Hartnett warns of a "blowout year" in 2024, forecasting a US dollar collapse. The situation is worsened by BRICS nations pushing for de-dollarization. Genevieve Roch-Decter ominously notes, "This doesn’t end well," highlighting the potential global economic repercussions.

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WORLD

🇮🇪 Ireland Votes Against Constitutional Changes Changing Language on Family and Women

Ireland's electorate rejected two constitutional amendments aimed at redefining family and removing gendered language about women's roles. The first sought to acknowledge families formed outside traditional marriage, and the second aimed to delete outdated references to women's domestic roles, proposing support for family care. Prime Minister Leo Varadkar admitted defeat, attributing it to the government's failure to clearly convince voters of the amendments' benefits.

📈 India Inks $100bn Free Trade Agreement with Four European Countries

India has signed a free trade agreement with the European Free Trade Association (EFTA)—Norway, Switzerland, Iceland, and Liechtenstein—expected to bring $100bn investments. The agreement, concluding 16 years of negotiations, aims to lift most import tariffs on industrial goods from these countries in return for broad investments.

🌍 U.S., EU, and Germany Withdraw Diplomats from Haiti Amid Violence

The U.S. military evacuated nonessential embassy staff from Haiti due to escalating gang violence, with the U.S. enhancing Port-au-Prince's security. Haitian officials have declared a state of emergency and curfew in response to attacks, risking a migrant surge to the U.S. The U.S. Embassy remains open, stressing that the airlift "is consistent with our standard practice for embassy security." The EU and Germany reduced their presence, and the Caribbean Community and Common Market (CARICOM) called for an emergency meeting with international leaders to discuss the crisis.

SCIENCE & TECH

📱 iPhone 16 Leak Unveils Apple's Bold Design Choice

Apple's iPhone 16 leak showcases a vertical camera setup for enhanced Apple Vision Pro headset compatibility, supporting "Spatial Video." The design includes a telephoto lens with x5 magnification and a larger 6.3-inch display. A new physical "capture button" is also anticipated, highlighting Apple's ecosystem integration to bolster headset sales through the "powerful network effect."

🍏 Apple Welcomes Fortnite App by Epic Games in EU

Apple conceded to Epic Games, allowing its marketplace on iOS in Europe after the EU's Digital Markets Act challenged app distribution control. This follows a legal clash over Apple's in-app payment fees. EU's Thierry Breton emphasized the DMA's quick impact, stating, "From Day 2, #DMA is already showing very concrete results." While a win for Epic, their marketplace remains absent from the U.S. App Store.

SPORTS & ENTERTAINMENT

🏆 2024 Oscar Winners Announced

At the 96th Academy Awards, "Oppenheimer" clinched the Best Picture award, with its director Christopher Nolan winning Best Director. Cillian Murphy won Best Actor for his role in "Oppenheimer," and Emma Stone was awarded Best Actress for her performance in "Poor Things." Robert Downey Jr. won Best Supporting Actor for his role in "Oppenheimer," showcasing a highly successful night with seven wins for "Oppenheimer"

🏈 Russell Wilson Set to Sign With Steelers as Free Agent

The Pittsburgh Steelers are set to welcome Russell Wilson, a quarterback with nine Pro Bowl appearances and a Super Bowl victory, under a budget-friendly, one-year deal. This move comes as the Denver Broncos commit to covering $38 million of his salary. Wilson, expressing his gratitude and ambition with "Year 13. Grateful," is focused on achieving more Super Bowl wins, demonstrating a shared vision of success in his discussions with Steelers' management.

OTHER NEWS

🔒 Senators Warner and Rubio Label TikTok a National Security Threat’

On "Face the Nation," Sens. Warner and Rubio, bipartisan leaders of the Senate Intelligence Committee, flagged TikTok as a national security threat, citing its potential for Chinese espionage and propaganda. They supported a bill to mandate TikTok's sale or ban it, emphasizing the risk of ByteDance's algorithm controlling American data. President Biden agreed to sign the bill, despite mixed messages from his campaign's TikTok usage.

🏠Study reveals Employees Live Roughly Twice as Far from their Offices as they did Pre-pandemic.

Remote and hybrid work models have doubled the average commute distance for white-collar workers to 27 miles since the pandemic, showcasing a cultural shift towards spacious living away from city centers. Richard Florida, an expert on cities encapsulates the sentiment driving this movement: "We like big houses, and we like big cars," highlighting a significant change in American work-life balance preferences.

🚓 Two Women Accused of Taking Deceased Man to Bank for Money Withdrawal in Ohio

In a bizarre incident in Ohio, 63-year-old Karen Casbohm and 55-year-old Loreen Bea Feralo are charged with abusing a corpse and theft after allegedly driving 80-year-old Douglas Layman's body to a bank for a withdrawal, then leaving his body at a hospital. Police Chief Robert Stell noted the bank's prior acquiescence to similar withdrawals. While Casbohm has been detained on a $5,000 bond, Feralo's arraignment is forthcoming. An investigation into Layman's death is ongoing, with autopsy results expected within eight months.

THIS DAY THAT YEAR

On 11 March 2011, an earthquake off the northeastern coast of Honshu, Japan, unleashed widespread destruction and triggered a catastrophic tsunami, leading to a severe nuclear accident. The official total for the number of those confirmed dead or listed as missing from the disaster was about 18,500, although other estimates gave a final toll of at least 20,000.

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