Global investors dramatically shifted their portfolios in March, exiting US equities at an unprecedented rate and increasing their UK stock allocation to its highest point since June 2021. This move, making the UK the third most overweight sector for global investors, represents a significant reversal from the previous month’s assessment of the UK market as the least attractive. The shift is attributed to waning confidence in “US exceptionalism” and growing fears of a global trade war, leading to decreased global growth expectations and a surge in cash holdings. This reallocation also benefited European stocks, signaling a broader change in investment strategy.
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Canada has purchased Australia’s cutting-edge Jindalee Over-the-Horizon Radar (JORN) technology for $6.5 billion to bolster its Arctic defenses, a deal expedited by recent geopolitical events. This advanced radar system, capable of long-range surveillance of air and maritime threats, will significantly enhance Canada’s security cooperation with the US through NORAD. While the US had previously shown interest in JORN, Australia is now exploring further export opportunities, potentially including a major deal with the UK, as it diversifies its trade relationships. This sale represents a potentially record-breaking export for Australia’s defense industry.
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After a nine-month unscheduled extension to their mission, NASA astronauts Butch Wilmore and Suni Williams splashed down off the coast of Florida. Their journey, originally intended to test Boeing’s Starliner spacecraft, was prolonged due to malfunctions with the Starliner, necessitating their extended stay aboard the ISS. During their time in space, they conducted numerous experiments and spacewalks. The astronauts’ return follows the arrival of their replacement crew and will be followed by health checks before they reunite with their families.
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Many of the alleged gang members deported to a maximum-security prison in El Salvador did not have criminal records, according to sworn filings by ICE Enforcement. This revelation raises serious questions about the due process afforded to these individuals and the justification used for their deportation. The lack of evidence, rather than being a hindrance, seems to have been presented as proof of guilt.
The argument presented – that the absence of specific information highlights the risk posed by these individuals and demonstrates their terrorist nature – is deeply troubling. It suggests a pre-determined conclusion where a lack of evidence is twisted into proof of guilt, effectively inverting the principle of innocent until proven guilty.… Continue reading
Russian forces conducted airstrikes targeting energy infrastructure in Slovyansk, Donetsk region, resulting in power outages across parts of the city. Simultaneously, explosions rocked Kramatorsk, with reports indicating guided aerial bombs impacting residential areas. A military correspondent confirmed the use of aerial bombs in the Slovyansk attack. These strikes underscore the ongoing targeting of civilian infrastructure in eastern Ukraine.
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Chief Justice Roberts issued a statement rebuking President Trump’s call for the impeachment of a federal judge who ruled against him, emphasizing that the appellate process, not impeachment, is the appropriate response to judicial decisions. This statement drew immediate criticism from some conservatives, who argued that Congress retains the constitutional power of impeachment and that judicial overreach warrants such action. Conversely, others lauded Roberts’ defense of judicial independence. The controversy follows Trump’s use of the Alien Enemies Act and subsequent calls for the judge’s removal.
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President Putin kept President Trump waiting over an hour for a scheduled phone call concerning the Ukraine conflict. The delay occurred because Putin remained at a business congress in Moscow, dismissing concerns about the lateness. The call eventually commenced around 10 a.m. EST, after Putin’s departure from the congress. Trump aimed to mediate a ceasefire and peace plan between Russia and Ukraine during the conversation.
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Prime Minister Carney’s visit to Iqaluit marked the launch of a $6 billion+ investment in a joint Canada-Australia Arctic early warning radar system, bolstering NORAD modernization efforts. Simultaneously, $420 million will enhance the Canadian Armed Forces’ year-round Arctic presence. Further, $253 million is allocated for Nunavut infrastructure upgrades, including housing and energy projects. These initiatives aim to strengthen Arctic security, bolster alliances, and advance reconciliation with Indigenous communities. The investments also recognize shifting global dynamics and the need for independent Canadian defence.
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John Q. Hosedrinker 
Matt Underwood