The U.S. Treasury bond market is scorching hot and this should worry you because of the consequences for your bottom line. Your mortgage rate, car loan, credit card interest or business loan rates could rise driven by the state of government debt securities.
© ANGELA WEISS (AFP)
Six Flags Magic Mountain, located in California, announced on Tuesday the permanent closure of the X2 roller coaster. Considered one of the park’s main attractions for two decades, the ride’s safety was called into question after CNN published an investigation reporting that more than a dozen people suffered serious brain injuries after riding it.
© MattGush (Getty Images)
Water service failed in at least 300,000 Atlanta households on July 27. Taps ran, but only a trickle came out. After receiving several consumer alerts, the water company found that a pumping station had stopped functioning, affecting that city and others in the state. The loss of pressure led authorities to advise boiling water before drinking it to reduce the risk of contamination, sparking some panic among the population. It was not a technical fault: everything points to it having been orchestrated from a computer almost 7,000 miles away, in Iran.
© Rebecca Cook (REUTERS)
“I made a fortune with Trump’s memecoin, but I lost it all the following month,” a user on X admits. “It’s a perfect Ponzi scheme,” says another. “It’s a scam, a fraud.” On other social platforms there are thousands of comments like these, ranging from investors asking “What did you expect?” to others who watched their savings vanish after chasing the promise of quick gains.
© SOPA Images (SOPA Images/LightRocket via Gett)
The year 2023 was pivotal for understanding the effects of abortion restrictions in the United States. A year earlier, in June 2022, the U.S. Supreme Court issued the decision known as Dobbs v. Jackson Women’s Health Organization (JWHO), which overturned the abortion-rights protection established by a previous ruling from 1973: Roe v. Wade. Since then, thousands of American women have ended pregnancies with help from Mexican feminist collectives. Several recent studies put a face to those seeking abortions: a large share come from states such as Texas, where abortion is banned, and live in neighborhoods with high levels of poverty.
© J. Scott Applewhite (AP)
Donald Trump’s Swiss Army knife is national security. He uses it for everything. If judges block his plan to remodel the East Wing of the White House to build a ballroom that dwarfs the presidential residence, he cites national security to keep the work going. When obstacles arise to building a gigantic triumphal arch in Washington to honor himself, he says national security reasons justify it. If a judge questions him about deploying the National Guard in American cities, it’s for national security. Sued for banning certain media outlets, the answer is the same. And if he can’t find other grounds to impose tariffs, he invokes national security.
© Julia Demaree Nikhinson (AP Photo/Julia Demaree Nikhinson)
The Kremlin has turned the parliament produced by last Sunday’s Russian legislative elections into an echo chamber for the war. Authorities barred the only party that had called for a truce, Yabloko, as well as candidates who were critical of the government — from independent Boris Nadezhdin to members of parties nominally loyal to the Kremlin such as the Communist Party and A Just Russia. In addition, the military are gradually displacing party bureaucrats in Russian politics.
© Alexander Ermochenko (REUTERS)
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