Ken Griffin, the hedge fund billionaire, has opened his checkbook to support Republicans before the 2026 midterm elections and has invested about $40 million into these campaigns, according to a report last week in The Wall Street Journal.
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U.S. HOUSE KILLS AMENDMENT TO CUT OFF AID TO ISRAEL, LESS THAN HALF OF DEMOCRATS SUPPORTED MEASURE
The AIPAC-owned U.S. House of Representatives last week voted to kill an amendment that would have banned aid to Israel, which got the backing of nearly half the Democrats in the body.
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CHINA IS VIEWED MORE POSITIVELY THAN U.S. IN 25 OF 36 COUNTRIES, ACCORDING TO SURVEY
A newly released survey found that China is viewed more positively in 25 out of 36 countries, which is the first time in 20 years that Beijing is more popular than Washington in the majority of countries involved in the survey.
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RESPECTED INDIAN ENGINEER JOINS GEN Z REVOLUTION WITH HUNGER STRIKE
Sonam Wangchuk, an engineer in India, has been on a hunger strike in solidarity with the country’s young people who have been rallying against the government over the lack of opportunities, which gave way to the popular Cockroach Janta Party.
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GERMANY PASSES PACKAGE THAT CRITICS SAY WILL USHER IN A SURVEILLANCE STATE
The German government has taken steps to hasten its path to becoming a surveillance state after passing its “Security Package 2.0,” which is aimed at incorporating AI technology in its policing to ramp up its “digital investigative powers.”
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UKRAINE RAMPS UP ATTACKS ON RUSSIAN VESSELS NEAR CRIMEA WITH LONG-RANGE DRONES
The Ukrainian military continues to try to expand the war against Russia and has recently turned to long-range drones to target Russian vessels near Crimea as Kyiv tries to show that the Russian military is unable to defend the peninsula, according to a report last week.
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U.S. IS PAYING $23.8 BILLION A WEEK IN INTEREST ON NATIONAL DEBT
During this fiscal year that began on 1 October, the U.S. government has been borrowing an average of $39 billion a week, running up a budget deficit so far of almost $1.4 trillion, and is now paying $23.8 billion a week in interest on that debt, Fortune magazine reported.
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SPECIAL REPORT: IRAN WAR THREATENS GLOBAL FUEL SUPPLIES
U.S. oil reserves increased by three million barrels during the week of 3 July but that was a proverbial drop in the bucket.
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GLOBAL INFLATION WILL ACCELERATE, IMF FORECASTS
The renewed hostilities along the Persian Gulf are likely to accelerate global inflation, roil supply chains, and bog down financial markets, the International Monetary Fund (IMF) warned in an 8 July report.
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SPOTLIGHT: AI STRAINS THE U.S. UTILITY INDUSTRY
AI’s surging power demand will continue for years.