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The US Federal Reserve raised interest rates by a quarter percentage point Wednesday, making it the 11th in the last 16 months in its continuing efforts to tame inflation.   The new hike, which was announced after a two-day meeting of the Fed’s top decision-making body, take the rate...

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Jeff Ernsthausen (ProPublica) 27 July 2023
This story was originally published by ProPublica.   It’s a simple bargain: The rich get huge tax breaks by donating art, property and company shares to benefit the public. But some donors collect millions while offering little or no public access.   Once a week, a little past...

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Rejimon Kuttappan (The Leaflet) 25 July 2023
There are around nine million Indians in the Gulf Cooperation Council (GCC) countries. A majority of them are low-paid migrant workers who are often subjected to human rights violations as the countries follow the kafala system.   The kafala, or sponsorship, system defines the...

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More than 8,000 famous writers, including Margaret Atwood, Nora Roberts, and Michael Chabon, have, in an open letter, called out to CEOs of OpenAI, Alphabet, Meta, Stability AI, and IBM to stop stealing their copyrighted materials in training their generative Artificial Intelligence...

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Sebastian Rotella (ProPublica) 14 July 2023
This story was originally published by ProPublica.   The rise of Chinese organized crime in Europe highlights its ties to the Chinese state, national security officials say. Recent cases show the suspected role of mobsters in Beijing’s campaign to repress diaspora communities and...

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July 3 was the hottest day globally ever recorded, according to climate scientists, based on data from the US government's National Centers for Environmental Prediction.   Average worldwide temperature on July 3 reached 17.01 degrees Celsius, breaking the previous record of 16.92...

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The US Federal Reserve has left the interest rate unchanged for the first time after March 2022, ending a stream of 10 consecutive hikes to curb inflation.   "In determining the extent of additional policy firming that may be appropriate to return inflation to two per cent over time,...

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AC Thompson, Kartikay Mehrotra  and   Julia Ingram (ProPublica/ FRONTLINE) 14 June 2023
This story was originally published by ProPublica.   For decades, federal safety regulators in the US ignored credible scientific research and failed to take simple steps to stop gruesome roadway crashes involving heavy trucks. Meanwhile, the bodies piled up.   It was a little...

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Land = power. Water = life.   Since the beginning of time, people have fought over land, from the ‘Ashvamedha yajna’ of Vedic times, through Alexander, the Romans, Ashoka, and right up to Hitler’s attempt to seize Lebensraum.   In recent times, territorial battles have almost...

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Former US President Donald Trump has been indicted with multiple federal criminal charges in connection with his handling of classified documents from his presidency.   Trump, who became the first former President in US history to face federal criminal charges, announced his...

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India-born British and American business executive, Sir Ivan Manuel Menezes, the chief executive officer of global liquor major Diageo plc, died on Wednesday after a brief illness, the company said.   Born on 10 July 1959, in Pune, Ivan held UK and US citizenships, as well as overseas...

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Abrahm Lustgarten (ProPublica) 07 June 2023
This story was originally published by ProPublica.   As conditions that best support life shift toward the poles, more than 600 million people are already living outside of a crucial “climate niche,” facing more extreme heat, rising food scarcity and higher death...

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A US federal judge has categorically told lawyers that he will not allow any AI-generated content in his court.   Texas federal judge Brantley Starr said that any attorney appearing in his court must attest that "no portion of the filing was drafted by generative artificial...

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A Dubai court has ordered Indian-origin hedge fund trader Sanjay Shah, convicted of tax fraud and money laundering, to pay Denmark's tax authority 4.6 billion dirhams ($1.25bn), thus rejecting a final appeal by him against a civil lawsuit, media reports said.   The Dubai Court of...

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Of course, you know what OMG means, but "One World, One Sun, One Grid"?   It means powering the whole world with solar electricity through a unified electric grid.   You may already be aware that only a small fraction of the earth’s land surface is sufficient space for...

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El Nino is on the horizon, which can lead to severe heat waves and droughts in many countries, including India, and could take a US$3trn (trillion) toll on the global economy, new research published in the journal Science has warned.   El Nino, the band of warm ocean water that spans...

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J David McSwane  and   Ryan Gabrielson 16 May 2023
This story was originally published by ProPublica.   Beers family members built a “conglomerate” by selling a Christian alternative to traditional health insurance. They are now scrambling for cash, even though they received millions in PPP loans that were later...

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Carl Icahn, a legend of Wall Street, has made a classic mistake of taking on too much leverage in the face of sustained losses: a combination that rarely ends well, Hindenburg Research said in a new research.   Mr Icahn has been using money taken in from new investors to pay out...

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US media giant Fox News will pay $787.5 million to settle a defamation case with Dominion Voting Systems, a voting technology company, over allegations that it "knowingly and recklessly" aired false claims tying the company's machines to conspiracies about 2020 Presidential...

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After he made history as the first former US President to be arrested, former President Donald Trump was hit with 34 serious criminal charges relating to hush money allegedly paid to three people.   Appearing in the New York State Supreme Court on Tuesday, he pleaded not guilty -- a...

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