Tag: All Regions
Conservation groups sue U.S. regulator over SpaceX launches
U.S. conservation groups on Monday announced they are suing the Federal Aviation Administration (FAA) for not doing enough to protect the environment from SpaceX’s Starship program.
The move came after the world’s most powerful rocket exploded on its first integrated test flight, just four minutes after launching from Boca Chica, Texas on April 20.
SpaceX video showed a hail of debris being blasted as far as the Gulf of Mexico, over 1,400 feet (425 meters) away, while a cloud of dust floated over a small town several miles (kilometers) away.
The launch site also sits next to a vital habitat for protected species, including Kemp’s ridley sea turtle and the piping plover bird, according to the Center for Biological Diversity (CBD), which was among the groups that filed the lawsuit.
Top Russian Activist Indicted
Last weekend, Russian authorities moved one step closer towards potentially locking up Oleg Orlov, one of Russia’s most prominent and outspoken human rights defenders. On April 29, the prosecutor’s office formally indicted him on charges of repeatedly “discrediting” the Russian military, for which he faces a maximum three-year prison sentence. Authorities should immediately drop the charges.
Orlov is co-chair of Memorial, a leading Russian rights group. The government shut down Memorial in 2022 as part of the Kremlin’s effort to stifle critics and human rights work. Yet Memorial’s core activists continued their human rights work, some from abroad, and some, like Orlov, from inside the country.
On March 21, criminal investigators in Moscow interrogated Orlov, informing him they had opened a criminal investigation against him for repeated acts of “discrediting” Russian armed forces, based on his single-person anti-war pickets and his social media post containing his trenchant criticism of the war and of the government’ slide toward totalitarianism and fascism. They released him later that day on his own recognizance.
The U.S. could run out of cash to pay its bills by June 1, Yellen warns Congress
Treasury Secretary Janet Yellen warned lawmakers Monday that the federal government could run short of money to pay its bills as early as June 1 unless the debt ceiling is raised soon.
Yellen acknowledged the date is subject to change and could be weeks later than projected, given that forecasting government cash flows is difficult. But based on April tax receipts and current spending levels, she predicted the government could run short of cash by early June.
“Given the current projections, it is imperative that Congress act as soon as possible to increase or suspend the debt limit in a way that provides longer-term certainty that the government will continue to make its payments,” Yellen wrote in a letter to House Speaker Kevin McCarthy.
The warning provides a more urgent timetable for what has been a slow-motion political showdown in Washington.
Biden tells Marcos US commitment for defence of Philippines is ‘ironclad’
WASHINGTON – President Joe Biden told Philippines President Ferdinand Marcos Jr at the White House on Monday that the US commitment to the defence of its ally was “ironclad,” including in the South China Sea where Manila is under pressure from China.
Mr Marcos, on the first White House visit by a Philippines leader in 10 years, stressed the importance of the United States as his country’s sole treaty ally in a region with “arguably the most complicated geopolitical situation in the world right now.”
US officials said the leaders would agree new guidelines for stronger military cooperation, as well as stepped up economic cooperation, underscoring a dramatic turnaround in US-Philippine relations over the past year.
“The United States remains ironclad in our commitment to the defence of the Philippines, including the South China Sea,” Mr Biden told Mr Marcos in the Oval Office, reaffirming a 1951 Mutual Defence Treaty that calls for the United States to act in the event of an armed attack on the Philippine military.
Initial autopsies show children starved, asphyxiated in Kenyan cult
NAIROBI – The bodies of several children exhumed in eastern Kenya showed signs of starvation and in some cases asphyxiation, a government pathologist said on Monday, as investigators began the first autopsies on over 100 people linked to a doomsday cult.
On Monday, investigators said they had completed 10 autopsies, comprising nine children aged between 18 months and 10 years, and one female adult, from the 101 bodies discovered last month in shallow graves in Shakahola Forest, Kilifi County.
Authorities say the dead were followers of the Good News International Church, lead by pastor Paul Mackenzie, whom they accuse of instructing worshippers to starve themselves to death in order to be the first to go to heaven before the end of the world.
Biden urges US Republicans take debt default off table, warns of potential for unprecedented US debt default
WASHINGTON – US President Joe Biden on Monday urged House of Representatives Speaker Kevin McCarthy to take the potential for an unprecedented US debt default off the table, warning that it would result in skyrocketing credit card and mortgage rates.
“America is not a deadbeat nation. We have never, ever failed to meet the debt,” Mr Biden told a small business event at the White House.
He said the threat of default by some Republicans in Congress was “totally irresponsible” and that it was essential to take that threat “off the table.”
“It would lead to higher interest rates, higher credit card rates, mortgage rates would skyrocket,” Mr Biden said.
The STOP CSAM Act Is An Anti-Encryption Stalking Horse
E2EE is a widely used technology that protects everyone’s privacy and security by encoding the contents of digital communications and files so that they’re decipherable only by the sender and intended recipients. Not even the provider of the E2EE service can read or hear its users’ conversations. E2EE is built in by default to popular apps such as WhatsApp, iMessage, FaceTime, and Signal, thereby securing billions of people’s messages and calls for free. Default E2EE is also set to expand to Meta’s Messenger app and Instagram direct messages later this year.
E2EE’s growing ubiquity seems like a clear win for personal privacy, security, and safety, as well as national security and the economy. And yet E2EE’s popularity has its critics – including, unfortunately, Sen. Durbin. Because it’s harder for providers and law enforcement to detect malicious activity in encrypted environments than unencrypted ones (albeit not impossible, as I’ll discuss), law enforcement officials and lawmakers often demonize E2EE. But E2EE is a vital protection against crime and abuse, because it helps to protect people (children included) from the harms that happen when their personal information and private conversations fall into the wrong hands: data breaches, hacking, cybercrime, snooping by hostile foreign governments, stalkers and domestic abusers, and so on.
That’s why it’s so important that national policy promote rather than dissuade the use of E2EE – and why it’s so disappointing that STOP CSAM has turned out to be just the opposite: yet another misguided effort by lawmakers in the name of online safety that would only make us all less safe.
First, STOP CSAM’s new criminal and civil liability provisions could be used to hold E2EE services liable for CSAM and other child sex offenses that happen in encrypted environments. Second, the reporting requirements look like a sneaky attempt to tee up future legislation to ban E2EE outright.
Lordstown savior Foxconn is threatening to pull funding
Lordstown Motors is at risk of failing — again.
The EV startup that went public via a SPAC merger cautioned investors Monday that it may be forced to file for bankruptcy because Foxconn may pull out of a critical funding deal, according to a regulatory filing.
Taiwanese manufacturer Foxconn sent a letter April 21 to Lordstown stating the automaker was in breach of the investment agreement because its stock price fell below $1 for 30 days and was at risk of being delisted on the Nasdaq exchange. Foxconn warned it would terminate the investment agreement if the breach is not resolved within 30 days.
While Lordstown disagreed with Foxconn’s assertion and said it intended to enforce its rights, the company also warned that withholding key funding would be detrimental to the company.
Ex-Goldman banker Roger Ng gets delay in starting his prison term
Former Goldman Sachs Group banker Roger Ng won postponement of the start of his 10-year prison term for about three months until Aug 7, a federal judge ruled.
US District Judge Margo Brodie, who sentenced Ng in March for his role in the global 1MDB fraud, granted his request for a delay Monday without explanation.
Ng had been set to begin his prison term May 4.
Defence lawyer Marc Agnifilo on Friday asked for the delay so Ng could spend more time with his wife and 10-year-old daughter, who had travelled to New York from Malaysia.
Failed bank First Republic is bought by JPMorgan Chase
JPMorgan Chase, one of the biggest banks in the U.S., is buying the troubled First Republic Bank’s deposits, a “substantial amount of their assets and certain liabilities,” JPMorgan Chase said in a press release Monday.
The California Department of Financial Protection and Innovation announced early Monday that the Federal Deposit Insurance Corp had taken possession of First Republic.
This marks the third time the U.S. government has taken control of a U.S. lender this year.
First Republic is the third — and biggest — U.S. bank to fail this year. In March, federal regulators swept in to protect customers of Silicon Valley Bank and Signature Bank. Citing potential risk to the broader financial system, they took unprecedented action to insure all deposits at the two banks — even deposits that exceeded the FDIC’s $250,000 threshold for insurance.
Banking Mess: Regulators close First Republic Bank, JPMorgan buyer of $330B assets and deposits, FDIC on the hook for $13B
First Republic Bank, on the brink of collapse in the weeks after the Silicon Valley Bank crisis, has finally fallen over, but with a relatively quick resolution into its next chapter: today the FDIC announced that it was being closed by the the California Department of Financial Protection and Innovation, that the FDIC was appointed as receiver, and that the FDIC would be selling the assets to JPMorgan.
Its assets and deposits total just over $330 billion together.
Specifically, “to protect depositors, the FDIC is entering into a purchase and assumption agreement with JPMorgan Chase Bank, National Association, Columbus, Ohio, to assume all of the deposits and substantially all of the assets of First Republic Bank,” it said.
The FDIC also confirmed deposits will continue to be insured by the FDIC at an estimated cost of about $13 billion to its insurance fund.
Britons urged to swear allegiance to King Charles
All Britons will be called on to swear allegiance to King Charles III at his coronation, an oath hitherto reserved for British nobility.
It is a move that has upset anti-royalists.
Adidas sued by investors over Kanye West deal
Adidas is being sued by investors who claim the firm knew about Kanye West’s problematic behaviour years before it ended their partnership.
Investors allege Adidas failed to limit financial losses and take precautionary measures to minimise their exposure.
The sportswear giant ended its collaboration with the designer and rapper, who is known as Ye, last year following antisemitic comments.
In response, Adidas said: “We outright reject these unfounded claims.”
It added it “will take all necessary measures to vigorously defend ourselves against them”.
West is not party to the lawsuit. The rapper designed a line of hugely successful trainers under the Yeezy brand for Adidas.
U.S. help to Taiwan over Chinese threat should be ‘fully global’: Bolton
Taipei, April 29 (CNA) The United States should engage with other democracies around the world to help Taiwan fend off threats from China, former U.S. national security adviser and outspoken China hawk John Bolton told a pro-Taiwan independence event in Taipei on Saturday.
“The U.S. response to help Taiwan against the Chinese threat has to be fully global,” Bolton said at the Global Taiwan National Affairs Symposium hosted by the World Taiwanese Congress, suggesting the establishment of “new structures of deterrence” against China.
Taiwan is “the center of gravity of the Chinese threat” to the world, said Bolton, who served as national security adviser under President Donald Trump from April 2018 to September 2019 and U.S. ambassador to the United Nations from 2005 to 2006.
US President Biden attacks news outlets for ‘lies of conspiracy and malice’
US President Joe Biden on Saturday, in a possible preview of a 2024 presidential campaign theme, attacked news outlets he said used “lies told for profit and power” to stir up hatred in the United States, as he coupled his remarks with pointed jokes about Fox News.
Speaking at the annual White House Correspondents’ Association dinner, Mr Biden referred to “truth buried by lies,” in an apparent reference to false conspiracy theories that his 2020 election win was the result of a massive voter fraud.
“Lies told for profit and power… lies of conspiracy and malice repeated over and over again designed to generate a cycle of anger and hate and even violence,” Mr Biden said.
That cycle, Mr Biden added, has emboldened local jurisdictions to ban books, and “the rule of law and our rights and freedoms to be stripped away”.
Zeroing in on what he characterised as “an extreme press,” Mr Biden at the same time joked that if he called Fox News “honest, fair and truthful, then I can be sued for defamation”.
Flood concerns rise as Mississippi River crests in Iowa city
DUBUQUE, Iowa (AP) — The surging Mississippi River was cresting in Iowa on Saturday as melting snow from Minnesota and Wisconsin continues to push up river levels, the National Weather Service said.
The weather service said the river was cresting between 23 and 24.3 feet (7 and 7.4 meters) in Dubuque, a city on the Mississippi about 200 miles (320 kilometers) east of Des Moines. The river was expected to crest at 21.9 feet (6.7 meters) in Bellevue, Iowa, on Saturday night.
The river is not expected to see many record crests in the next week, but the weather service said Saturday’s levels would come close to 1993 and 2001 records between 23.9 and 25.4 feet (7.3 and 7.7 meters) as the river moves down its 2,300-mile (3,700-kilometer) length before reaching the Gulf of Mexico.