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US Economic Reshaping
🤳14th November 2023 | Iceland Authorities on High Alert, SAG-AFTRA Union Unveils Deal Details, Secret Service Opens Fire During Attempted Break-In, and more!
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BUSINESS & ECONOMY
🌟 Dallas, Houston, Nashville, and Miami are America's New Economic Powerhouses
Dallas, Houston, Nashville, and Miami are emerging as America's new economic powerhouses, surpassing traditional hubs like Manhattan and LA. This shift, highlighted in Barron's report, is driven by population growth, corporate relocations, and favorable business environments. Anthony Scaramucci, an American financer noted, "The blue states have lost the plot," as these cities attract significant business and residential movement.
🏛️ Mike Johnson's Strategy to Prevent Government Shutdown Faces Conservative Opposition, Gains Democratic Support
House Speaker Mike Johnson's government funding proposal, a two-step extension at current levels, faces resistance from GOP hardliners like Rep. Scott Perry for "fiscal irresponsibility." With a slim majority, Johnson's plan, deemed imperfect by Schumer and Biden, hinges on bipartisan support. The proposal risks a backlash from conservatives, challenging its passage and raising shutdown concerns.
WORLD
🔋 U.S. and Indonesia in Talks Over Electric Vehicle Mineral Deal, According to Reuters Sources
The U.S. and Indonesia are discussing a nickel trade partnership crucial for EV batteries, aligning with environmental and governance standards. This dialogue, essential for the U.S. Inflation Reduction Act, will be a key topic in the upcoming meeting between President Biden and Indonesia’s President Widodo. Amidst environmental concerns, the U.S. is also investing in domestic nickel processing, indicating a strategic shift in raw material sourcing for EV manufacturing.
📈 Argentina's Inflation Soars to 143% Before Election
Argentina's inflation soared to 8.3% in October, nearing its highest post-hyperinflation rate, with annual inflation hitting 142.7%. As the presidential runoff approaches on November 19, candidates Sergio Massa and Javier Milei face the challenge of a dire economy, with forecasts of 185% annual inflation and GDP contractions.
🌋 Iceland Authorities Alert to High Likelihood of Volcanic Eruption
Iceland has evacuated Grindavik amid imminent volcanic threats on the Reykjanes Peninsula, near Reykjavik. With ground cracks and steam signaling impending magma surfacing, the Iceland Meteorological Office warns of a "significant likelihood of a volcanic eruption in the coming days." The region, historically dormant for 800 years, experienced a resurgence in volcanic activity since 2020.
SCIENCE & TECH
🤖 AI Robot Utilizes Mars Meteorite for Oxygen Production from Water
An AI robot, using Mars meteorite extracts, created a catalyst for oxygen production from water, crucial for future space missions, as per a Nature Synthesis study. Prof. Jun Jiang, a co-author of the study, dreams of using such robots for the Moon and Mars colonization while Prof. Charles Cockell sees this as pivotal for self-sustaining settlements. This AI-led breakthrough, combining vast data analysis and Martian conditions, marks a significant advance in space exploration and colonization.
🌐 Biden, Xi Agree on AI Exclusion from Systems for Nuclear Weapons, Reports Indicate
At the APEC summit, US President Biden and China's President Xi are set to sign a deal limiting AI in nuclear weapons systems. Amid heightened tensions, this pivotal agreement focuses on restricting AI in autonomous weaponry and the control of nuclear warheads, targeting the escalating issue of AI's role in military technology.
SPORTS & ENTERTAINMENT
🎬 SAG-AFTRA Union Unveils Deal Details, Addresses AI Concerns
SAG-AFTRA's tentative agreement with Hollywood studios, ending a 118-day strike, includes a 7% wage hike, strict AI usage rules, streaming bonuses, and audition reforms. National Director Duncan Crabtree-Ireland highlights negotiation's give-and-take nature, noting "things we wanted... we weren't able to achieve." The deal awaits ratification, promising significant advancements in performers' rights and industry standards.
🌎 Boston Welcomes the World's First 'Friends' Themed Coffeehouse
Nov. 14, Central Perk Coffeehouse brings a "Friends" inspired experience to Newbury Street, open 7 a.m. to 7 p.m. daily. It's a contemporary reimagining, not an exact set replica, says designer Glen Coben. With a menu curated by James Beard winner Tom Colicchio, featuring items like Joey’s Meatball Sandwich.
OTHER NEWS
🔒 Secret Service Opens Fire During Attempted Break-In at Biden's Granddaughter's SUV
Secret Service agents fired at suspects trying to break into a vehicle while guarding President Biden's granddaughter in Washington, D.C., amid rising carjackings and vehicle thefts. No injuries were reported, and the suspects escaped. This incident reflects a 40% increase in violent crime in the city, including recent assaults on U.S. Representatives Cuellar and Craig.
🏛️ Supreme Court to Implement First-Ever Code of Conduct in 234 Years
The U.S. Supreme Court introduced its first conduct code in 234 years, addressing ethics concerns and public trust issues stemming from justices' private travels. The unanimously supported code lacks enforcement mechanisms, leading critics like Senator Durbin to call it a "step in the right direction" but inadequate. This move follows Justice Thomas' involvement in ethics scandals, including accepting lavish travel from GOP donors.
🚢 Titanic's First-Class Menu and Victim's Pocket Watch Auctioned for Over $100,000 Each
At a UK auction, a Titanic first-class menu from April 11, 1912, sold for £83,000 ($101,600). Sinai Kantor's pocket watch, a Russian immigrant who died in the tragedy, fetched £97,000 ($118,700). A deck blanket used on a lifeboat and adorned with the White Star Line logo went for £96,000 ($117,500), highlighting the Titanic's enduring historical allure.
THIS DAY THAT YEAR
Source- Britannica
On 14 November 2015, the city of Paris and its northern suburb, Saint-Denis, were reeling from coordinated Islamist terrorist attacks that had occurred the day before. These attacks included a mass shooting at the Bataclan theatre and concert hall, resulting in at least 130 fatalities and over 350 injuries.
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