MANILA, Philippines—A ferry carrying more than 130 people caught fire in the northeastern Philippines on Monday, killing seven passengers and forcing many survivors to jump into the sea where they were rescued by other vessels. The fire rapidly spread from the engine room to the upper passenger deck of the M/V Mercraft 2 while it…
Wall Street Wins Again … the SPAC Edition
Commentary As expected, Wall Street wins again. In 2020 and 2021, retail investors were chasing financial markets with reckless abandon. Armed with sites like Reddit WallStreetBets and a Robinhood trading app, not to mention young investing mentors on social media, they believed they had the Wall Street “tiger by the tail.” In January, we warned…
Bill Gates on Why He Doesn’t Own Any Cryptocurrency
Microsoft Corporation founder Bill Gates has said he doesn’t own any cryptocurrency because he prefers to invest in things that have “valuable output.” What Happened Over the weekend, Gates responded to a number of questions from users across the world on a Reddit “ask me anything” thread. In response to one particular question about his thoughts…
Beeple’s Twitter Hacked, Scammers Net $430,000 in Ethereum and NFTs
Popular digital artist Beeple saw his Twitter Inc account hacked over the weekend, resulting in a phishing incident that netted scammers over $430,000 in stolen Ethereum and NFTs. What Happened MetaMask security analyst Harry Denley first raised the alarm on Sunday, telling users the link in Beeple’s Twitter bio redirected to a phishing website that would automatically…
Gov. Newsom Warns Californians of Mandatory Water Restrictions Amid Worsening Drought
May 24, 2022
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DemocratsLocal NewsnewsomNorthern CaliforniaPolicies & ImpactsPoliticsRegional-Local NewsSouthern CaliforniaUSUS News
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California Gov. Gavin Newsom has called on water associations to take “aggressive actions” to increase water conservation and warned that mandatory water restrictions may lie ahead this summer if the state does not significantly cut down its consumption. Newsom made the comments during a meeting with leaders from the state’s largest urban water suppliers—including those covering Los Angeles, San Diego, and…
Australian Nationals Split on Net-Zero Commitment
May 24, 2022
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AustraliaBarnaby JoyceBusiness & Economyeconomic policiesInternationalMatt Canavannet zeronet-zero emissionsWorld
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Net-zero and leadership will be two issues discussed by the Nationals party room on the weekend after the regional party successfully withstood the electoral onslaught on May 21 that saw its Coalition partner, the Liberal Party, lose 19 seats. After every election, the Nationals hold a party room meeting to decide their future policy platform…
Powell Sworn in to Second 4-Year Term as Fed Chief
Federal Reserve Chair Jerome Powell was formally sworn in on Monday to begin his second four-year term as head of the U.S. central bank as it aims to tame the highest inflation in four decades without tipping the economy into recession. Also sworn in on Monday were Lael Brainard as the Fed’s new vice chair,…
Professor Says Shen Yun Touched His Heart
ORLANDO, Fla.—Reo McBride, a professor of design at Full Sail University, was touched by Shen Yun Performing Arts at in Orlando at the Dr. Phillips Center for the Performing Arts on May 21. “It touches the spirit—it’s beautiful. When I was listening and watching, it brought tears to my eyes,” he said. “A lot of…
Indonesia Policy Uncertainty Hampers Resumption of Palm Oil Exports
JAKARTA—Indonesia allowed a resumption of palm oil exports from Monday after a three-week ban, but shipments were not expected to get underway until details emerge on new rules aimed at securing domestic supplies of the edible oil. The Southeast Asian country, the world’s biggest palm oil producer, halted exports of palm oil from April 28…
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‘It’s Like Fireworks!’ Says Designer
MANNHEIM, Germany—To designers with a sense for fashion, Shen Yun Performing Arts is certainly a feast for the eyes and an evocation for creativity. “Aesthetically, it’s like fireworks!” said Christiane Fuchs, a fashion designer, of Shen Yun. The costumes seen in New York-based Shen Yun are inspired by the attire from the different dynasties of…