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A decade ago, finance ministries around the world were focused on a different priority – austerity. Governments were slashing budgets, even in the face of high unemployment rates and sluggish economic growth. However, the landscape has shifted dramatically since then. Today, most Western economies are on more stable footing. Unemployment has decreased, and corporate profits are on the rise. Despite these positive indicators, governments are now facing a new challenge – overspending. The United States, in particular, stands out as one of the most prolific spenders. This year, the country is expected to run a budget deficit of over 7%…

Cristiano Ronaldo currently holds the record for the most goals scored in European Championship history, with a total of 14 goals to his name. His journey as a goal-scorer in the tournament began in 2004, where he netted his first European Championship goal and first international goal for Portugal in a match against Greece. Over the years, Ronaldo continued to add to his tally, scoring vital goals in various editions of the tournament. At Euro 2008, Ronaldo found the back of the net in a group stage match against Czech Republic. Four years later, he scored twice against Netherlands in…

Biola University, a Christian institution in California, has recently established an AI Lab grounded in theological values. The goal of this initiative is to prevent Christians and people of faith from falling behind in the rapidly advancing field of artificial intelligence. Dr. Michael J. Arena, the dean of the Crowell School of Business at Biola University, shared that the AI Lab serves as a space for students, faculty, and staff to delve into the complexities of AI. Having previously been the vice president of talent and development at Amazon Web Services, Dr. Arena brings a wealth of experience to this…

Former President Donald Trump made his presence known as he led House Republicans in a spirited closed-door meeting on Capitol Hill Thursday. Amidst grievances about his legal battles and election challenges, the former president took aim at his critics and only briefly touched on policy topics such as abortion and taxes. This marked Trump’s first return to the Capitol area since the events of January 6, 2021. During the meeting, Trump lashed out at those who have opposed him, including some who were in the room, cautioning Republicans not to shy away from the contentious issue of abortion. He highlighted…

Janet Yellen, the current treasury secretary of the United States, has been noted for her diplomatic approach in dealing with tensions with Beijing. She has been described as a twinkly eyed professor, rather than a foreign-policy hawk, which may help in fostering a more constructive relationship with China. During a recent trip to China that concluded on April 9th, Yellen made a point to highlight the improved state of Sino-American relations compared to a year ago, indicating that the two countries are on a “stronger footing”. However, Yellen’s visit was not solely for diplomatic pleasantries. She also delivered a warning…

In a tight procedural vote, Senate Republicans blocked the Democrats’ bill that aimed to guarantee access to in vitro fertilization nationwide, with a final tally of 48-47 falling short of the 60 votes needed to advance the legislation. Republican Senator John Cornyn of Texas criticized the bill as unnecessary and a political maneuver, stating, “There’s not a problem. There’s no restrictions on IVF, nor should there be.” The vote comes amid a broader effort by Senate Democrats to highlight reproductive health care issues leading up to the November elections, particularly in light of the two-year anniversary of the Supreme Court’s…

Hyundai Motor’s India unit has made a significant move by seeking regulatory approval for a stock market listing in Mumbai, potentially becoming the nation’s largest IPO. The South Korean parent company plans to sell a stake of up to 17.5% in the company, marking a major development in the country’s automotive industry. This IPO would be a landmark event as it would make Hyundai the first car maker in India to go public in two decades since Maruti Suzuki in 2003. It comes at a time when Indian stock markets are reaching record highs, indicating a favorable environment for such…

In the year 2023, the economic landscape in America seemed to be on a positive trajectory. The country was experiencing a disinflationary trend, with consumer prices showing signs of easing while economic growth continued to be strong. This helped fuel a surge in stock prices, boosting investor confidence. However, as 2024 unfolds, the situation has taken a different turn. While growth remains robust, inflation is proving to be more persistent than initially expected. This has put the Federal Reserve in a tough spot, as they grapple with the decision of whether to start cutting interest rates. For investors, the realization…

In breaking news, a Texas man identified as Timothy Muller, 43, has been taken into custody by the Justice Department on Thursday for making threats against an FBI agent involved in the federal investigation surrounding Hunter Biden. Muller faces charges of making interstate threats and trying to influence or obstruct a federal official, and could potentially face a sentence of up to 10 years in prison if found guilty. Although the court documents do not reveal the identity of the targeted FBI agent, sources familiar with the case have disclosed that the agent is part of special counsel David Weiss’…

A man walking his dog in the United Kingdom inadvertently helped archaeologists and geologists make surprising discoveries at a local beach, according to officials. The Northumberland Coast National Landscape officials recently published a blog post detailing the unexpected finds that were made at Foxton Bay in Northumberland, located in North East England. The dog walker came across unusual pits near the shore, which officials initially thought could possibly be graves dating back to the Bronze Age or medieval era. However, after an excavation, experts determined that these pits were actually most likely bait or fish tanks from the post-medieval or…