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IMPORTANT
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Climb high
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Fed takes no risk with rate hike
The 0.75 percentage point rise is the biggest increase since 1994. The decision shocked observers who expected a slower increase following positive signs from the economy. Federal Reserve Chairman Jerome Powell said he was hopeful there would be good news, but was alarmed by the rise in the consumer price index – a key measure of the economy. inflation – for May. For analysts, it is a virtual confirmation that a recession is imminent. Wells Fargo predicts a “mild recession” starting next summer and Bloomberg Economics predicts a 3 in 4 chance of the economy contracting by 2024. (Sources: The hill, Bloomberg)
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Oh no, BoJo
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Boris Johnson’s bad week continues
After the abandonment of his government’s controversial plan to ship refugees to Rwanda, British Prime Minister Boris Johnson faces a new crisis. This time the calls come from inside the house after ethics counselor Lord Christopher Geidt left the beleaguered leader on Wednesday night. Geidt earlier said there was a ‘legitimate question’ whether the departmental code may have been breached at the now infamous No 10 pandemic parties. He is the second fewer ethics counselor to resign two years: his predecessor Alex Allan left in 2020 following ministerial bullying allegations. (Source: The Guardian)
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His emails
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Ginni Thomas back in the spotlight for January 6 emails
A new mine of emails between Ginni Thomas, wife of Supreme Court Justice Clarence Thomas, and attorney John Eastman – part of efforts to pressure then-Vice President Mike Pence to overturns the 2020 election result – revealed the extent of his involvement. The committee investigating the event had previously decided not to question its role, but the new evidence prompted a rethink. It is likely to prompt close scrutiny of the Thomases – who have long maintained a separation between their respective professional lives – and in particular of Judge Thomas’ involvement in all election-related matters. (Source: WaPo)
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TO TEAR APART
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Suspect confesses and leads police to bodies in Amazon Double Murder
Local police say Amarildo da Costa de Oliveira, 41, confessed to the crime on Tuesday evening and led investigators to the body. Journalist Dom Phillips and indigenous expert Bruno Pereira disappeared in the Amazon on June 5. da Costa de Oliveira’s family had previously denied his involvement and alleged he had been tortured to make a confession. Official identification of the remains is expected within days and authorities say the bodies “will be returned to the families of the two”. President Jair Bolsonaro, who is not a fan of journalists, faces growing criticism over the perception that the government has dragged its feet to get involved. (Source: PA)
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Briefly
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here are some things you should know today:
Record the movement. The UN warns that food insecurity following the Russian invasion of Ukraine is likely to create an unprecedented humanitarian disaster. Refugee leader Filippo Grandi said a record 89.3 million people were displaced in 2021 and that number is expected to rise dramatically this year. (Source: France 24) Watches of the world. Leaders from France, Germany, Italy and Romania have arrived in Kyiv to demonstrate a united Europe against invasion, just weeks before an EU vote on Ukraine’s membership. (Source: PA) For everyone. Thai lawmakers on Wednesday passed bills recognizing same-sex partnerships in the first major step towards marriage equality in Southeast Asia. (Source: Reuters)
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INTRIGUING
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Super massive
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Look for! Researchers have just discovered an impressive black hole
It’s a doozy. According to researchers from the Australian National University, the black hole SMSS J114447.77-430859.3 grew the fastest in 9 billion years, and its light took 7 billion years to reach Earth. “This black hole eats the equivalent of 80 of our suns every year, or one Earth every second,” says astrophysicist Chris Onken. The team is still figuring out why this particular black hole is so bright and fast, but they have a clue. It could be that two galaxies collided, allowing the black hole to “feed”, Onken told the media. (Source: Cosmos)
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Rise
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Nobody Laughs as Mo’Nique and Netflix Settle the Pay Gap Suit
Neither party has disclosed the terms of the settlement, which Netflix unsuccessfully tried to have rejected in 2020. The case stems from a bid made by the streaming giant in 2017 for a stand-up special, which would have saw Mo’Nique pocket a measly $500,000. That’s way behind the $100 million paid to Jerry Springer or the $13 million Amy Schumer negotiated for herself. When Mo’Nique attempted to negotiate, according to the case, she was shut down by Netflix. The rift between her and other comedians “has perpetuated the pay gap experienced by black women,” she said when the case was launched in 2019. (Sources: Vulture, Deadline)
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sweet home
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200 years later, London thanks the women of the House of Ayahs
During the height of the British colonial empire, children were often cared for by nannies, or “ayahs,” from India and across Asia. There was no retirement plan and many of these women were eventually abandoned by the families they worked for, stuck in a foreign country with no access to a ticket home. Enter Ayah’s house. The East London address welcomed hundreds of women a year after it opened around 1825, largely funded by church donations. Almost 200 years – and a campaign by Londoner Farhanah Mamoojee – later, the building is commemorated with an iconic blue plaque, signaling to passers-by that the house is an essential part of the country’s history. (Source: BBC)
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Unfortunate
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Court rules Happy is a Pachy – not a person
It’s the end of the legal route for Happy, a 50-year-old Asian pachyderm. Animal activists had sued the new legal challenge – arguing that Happy is smart enough to deserve ‘person’ status – to free her from imprisonment at the Bronx Zoo. No, the New York court voted 5-2. “While no one disputes that elephants are intelligent beings deserving of proper care and compassion, the lower courts correctly granted the motion to dismiss the motion,” Chief Justice Janet DiFiore’s majority decision said. The two dissenting justices argued that Happy has a right to be freed, both as a reflection of society and for her own happiness. (Source: New York Post)
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tee-up
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Saudi-backed LIV Golf divides sport, accused of ‘sportswashing’
The chasm is widening between players who signed up for LIV Golf and those who stayed with the PGA, say top golfers. PGA star player Rory McIlroy has hit out at those who joined the Saudi-funded league, saying it was the ‘easy way out’. LIV Golf staged its inaugural event last week in London, prompting a PGA purge and accusations of ‘sportswashing’ from survivors of the 9/11 terror attacks – orchestrated by Saudi nationals. US Open boss Mike Whan warns the controversy is unlikely to go away easily. LIV participants, like Grand Champion Phil Mickelson, could be excommunicated in future events. (Source: ESPN, The Guardian)
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COMMUNITY
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