The US Coast Guard released audio believed to be the Titan submersible’s implosion, captured by a NOAA recorder 900 miles away. The implosion, occurring during a Titanic expedition on June 18, 2023, resulted in the deaths of all five passengers. Following a joint Coast Guard and NTSB investigation, damning evidence emerged regarding OceanGate’s operational practices and the submersible’s design. Recovered debris and presumed human remains confirmed the catastrophic implosion and the subsequent loss of life.
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January’s Consumer Price Index (CPI) rose 0.5 percent, exceeding forecasts and marking a faster increase than December. Core inflation, excluding volatile food and energy prices, also surpassed expectations at 0.4 percent. This higher-than-anticipated inflation adds pressure on President Trump’s administration to fulfill its campaign promise of immediate price reduction. The Federal Reserve’s next move on interest rates will likely be informed by this data, with Chair Powell suggesting a wait-and-see approach given the uncertainty surrounding the new administration’s economic policies.
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Paul Martin, USAID’s inspector general, was fired a day after releasing a report revealing that President Trump’s freeze on aid risked spoiling over $489 million in food assistance. The report detailed how conflicting instructions and communication restrictions hampered the delivery of aid, jeopardizing its viability. This termination follows Elon Musk’s assertions that USAID is a “radical” and “criminal” organization, and the administration’s subsequent attempt to dismantle the agency. Lawmakers and various organizations are challenging the administration’s actions, citing legal limitations and the vital role of USAID in global humanitarian efforts.
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The New York Stock Exchange (NYSE) will establish a Texas presence, renaming NYSE Chicago as NYSE Texas to better serve the state’s burgeoning business sector and its numerous NYSE-listed companies, representing over $3.7 trillion in market value. This strategic move follows the announcement of a competing Texas Stock Exchange and reflects Texas’s increasingly business-friendly environment, particularly its stance against ESG regulations. The shift underscores Texas’s growing prominence as a corporate hub, attracting companies seeking alternatives to traditional financial centers. Trading will remain primarily electronic, with stocks listed on multiple exchanges.
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A U.S. Navy EA-18 Growler fighter jet crashed into San Diego Bay around 10:15 a.m. Wednesday. Two crew members ejected safely and were rescued by a nearby fishing boat before the aircraft impacted the water. The pilots were conscious and transported to UC San Diego Medical Center with undisclosed injuries. The cause of the crash remains under investigation.
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Following a purported conversation, former President Trump claims he and Russian President Vladimir Putin have agreed to commence negotiations aimed at resolving the conflict in Ukraine. Trump asserts that they will collaborate closely on this endeavor. The statement lacks specific details regarding the nature or scope of these alleged negotiations. No independent verification of this claim currently exists.
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The Department of Justice, under the Trump administration, dropped corruption charges against New York City Mayor Eric Adams. This decision, detailed in a letter from Acting Deputy Attorney General Emil Bove, falsely claimed the charges stemmed from the Biden administration. Instead, the dismissal is linked to Adams’ cooperation with the Trump administration’s deportation policies, creating a clear quid pro quo. The charges were dropped without prejudice, leaving the possibility of reinstatement, effectively making Adams beholden to the Trump administration. This act constitutes a severe abuse of power, leaving New York City with a mayor beholden to the federal government.
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Two Australian nurses were suspended and are under police investigation for an antisemitic video where they threatened to kill Israeli patients and refused to treat them. The video, recorded in a Sydney hospital, shows a man and woman making threats and using hateful language. Prime Minister Albanese and the Health Minister condemned the actions, vowing a thorough investigation and assuring the public that those responsible will face consequences. The incident follows recent antisemitic attacks in Australia, raising concerns about rising hate crimes.
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In response to Ukrainian President Zelenskiy’s proposal to exchange occupied Ukrainian territories for areas of the Kursk region held by Ukraine, the Kremlin issued a firm rejection. Moscow categorically stated that trading any Russian territory is unacceptable and will not be considered. Zelenskiy’s offer, made to the Guardian, aimed to facilitate a negotiated end to the conflict. Despite Russia’s stance, the Kremlin asserted that Ukrainian forces would be removed from Kursk.
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John Q. Hosedrinker