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Fatal Air Attack Strikes Russian Belgorod Region Amid Rising Tensions with Ukraine

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Seven people have been killed and at least 35 injured in an air attack on Russia’s Belgorod region, on the border with Ukraine.

Regional governor Vyacheslav Gladkov blamed Ukrainian forces for the strike near the village of Beryozovka, which he said was carried out with drones and hit minibusses transporting workers to a meat production facility, as well as a private car.

Mr Gladkov said several other locations in Belgorod region had also come under attack in the last 24 hours, with residential buildings damaged.

Russian authorities claim that the Ukrainian drones attacked the buses. (Credit: The New Voice)

The Belgorod region has often been targeted by Ukrainian forces since the start of Russia’s full-scale invasion of Ukraine in 2022.

Hours later, Mr Gladkov reported another fatal attack, this time in the village of Nikolskoye. At least one person was killed when an outdoor cooking area was struck, he said.

The deadliest strike on the region so far occurred in December, when a drone and rocket attack killed 25 people and wounded another 100 in the city of Belgorod.

In March, Mr Gladkov said 9,000 children would be evacuated from the city and the wider region after shelling that authorities have blamed on Ukraine.

Regional governor Vyacheslav Gladkov blamed Ukrainian forces for the strike near the village of Beryozovka. (Photo by STRINGER / AFP)

Meanwhile, Russia has continued to target Ukraine’s energy infrastructure, damaging a facility in the northern Sumy region – which borders Belgorod region – in an overnight bombardment. Ukraine’s energy ministry said the attack had left more than 400,000 people without power. Power was partially restored by morning, local authorities said.

According to the US-based Institute for the Study of War (ISW), Russia is massing troops in the regions of Belgorod, Kursk and Bryansk in preparation for an offensive operation against northeastern Ukraine and the city of Kharkiv.

Citing a Ukrainian military observer, the ISW said that the Russian military has gathered roughly 50,000 personnel. Ukrainian officials have long warned that Russia is gearing up to launch an attack to seize Kharkiv, Ukraine’s second-largest city.

First responders are conducting operations at a damaged site after a Russian attack in Kharkiv, Ukraine, on May 5, 2024. (Photo by Eugene Titov/NurPhoto via Getty Images)

On Monday, the Russian Ministry of Defence said it had started preparations for missile drills simulating the use of non-strategic nuclear weapons.

Tactical nuclear weapons are small nuclear warheads and delivery systems intended for use on the battlefield, or for a limited strike.

TASS news agency reported that the drills, ordered by Russian President Vladimir Putin, were expected to take place “in the near future” and would involve missile formations as well as air and naval forces.

People are walking past the scene of a Russian bomb attack on a residential building in Kharkiv, northeastern Ukraine. (Photo by Eugene Titov/NurPhoto via Getty Images)

The decision to hold the drills was taken in response to “provocative statements and threats by certain Western officials against the Russian Federation”, the ministry added.

Although it did not name the officials, Russia has repeatedly criticized remarks by French President Emmanuel Macron about possible intervention by Nato troops in Ukraine.

Russia also reacted angrily to comments last week by the UK Foreign Secretary, David Cameron, who said that Ukraine can use British weapons for strikes within Russia.

Drake Denies Allegations Amid Escalating Feud with Kendrick Lamar

Drake has firmly denied allegations regarding his involvement with underage women and concealing a secret child, which was brought forth in a diss track by his rival Kendrick Lamar.

The brewing feud between the two stars escalated over the weekend with a flurry of songs targeting each other. In Drake’s latest release, The Heart Part 6, he expresses feeling “disgusted” by Lamar’s assertions and implies that he deliberately fed false information to Lamar, hoping he would take the bait.

Drake fires back: The Heart Part 6 addresses Lamar’s accusations and hints at a strategic move in their ongoing feud. (Photo by Samir Hussein/WireImage)

Lamar’s accusations surfaced in his third diss track of the weekend, titled Not Like Us. In one verse, Lamar raps, “Say, Drake, I hear you like ’em young… Tryna strike a chord and it’s probably A minor.”

Lamar had previously hinted at these allegations in another track, Meet The Grahams, where he addressed Drake’s mother, Sandra, expressing concerns about predators and insinuating that Drake had a secret daughter.

In his response, Drake laughed off Lamar’s claims, alleging that they were intentionally planted and that Lamar unknowingly fell for it. He rapped, “The ones that you’re getting your stories from, they’re all clowns. We plotted for a week and then we fed you the information. A daughter that’s 11 years old, I bet he takes it.”

Kendrick Lamar kept the pressure on Drake all weekend, releasing three songs in the space of 36 hours. (Photo by Rick Kern/Getty Images for Samsung)

Drake vehemently denied any involvement with underage individuals, stating, “I never been with no-one underage… Just for clarity, I feel disgusted, I’m too respected.” He also countered Lamar’s insinuations about a secret child, asserting that if such allegations were true, he would have been arrested.

The ongoing feud between the rappers commenced last year with Drake’s song First Person Shooter, where rapper J Cole claimed that Drake, Lamar, and himself were the “big three” of hip-hop. Lamar responded with a verse on the song Like That, asserting his superiority and disputing the existence of a big three.

Drake’s retaliation: Push Ups and Taylor Made Freestyle, featuring AI versions of Tupac Shakur and Snoop Dogg, sparked controversy but faced legal repercussions. (Photo by Amy Sussman/Getty Images)

Drake then retaliated with two diss tracks, Push Ups and Taylor Made Freestyle, the latter featuring AI versions of Tupac Shakur and Snoop Dogg taunting Lamar. However, the latter track was removed following a legal threat from Tupac’s estate.

Lamar fired back with a series of songs, starting with Euphoria, in which he referenced Drake’s previous feud with Pusha T, who revealed Drake’s secret child. Currently, Euphoria sits as the third most-streamed track on Spotify, with its counterpart Meet The Grahams at number two. Meanwhile, Drake’s diss tracks Family Matters and Push Ups hold positions 13 and 33, respectively.

Columbia University Cancels Main Graduation Amidst Israel-Gaza War Protests

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After weeks of protests on campus surrounding the Israel-Gaza war, Columbia University has decided to cancel its main graduation ceremony scheduled for May 15. The Ivy League institution cited concerns for student safety and opted for smaller celebrations instead, following consultations with student leaders.

In a statement issued on Monday, the New York City university explained that students expressed a preference for smaller-scale, school-based celebrations, which they deemed more meaningful to them and their families. These celebrations would allow them to cross the stage, receive applause, and hear from invited guest speakers in a safe and respectful environment.

Police intervened and arrested more than 100 students at New York University (NYU) (Credit: Selcuk Acar/Anadolu via Getty Images)

The decision comes amidst widespread demonstrations at nearly 140 colleges across 45 states and Washington DC since protests began at Columbia University in mid-April. Over 2,500 individuals have been arrested nationwide in connection with these protests, according to reports.

Columbia University itself faced disruptions as pro-Palestinian protesters occupied Hamilton Hall, renaming it Hind’s Hall, in honor of a six-year-old Palestinian girl killed in Gaza. The college intervened, leading to more than 100 arrests. Further demonstrations resulted in arrests when protesters pitched tents at the Morningside neighborhood campus.

Pro-Israel protestors chant a song as they demonstrate at Columbia University. (Credit: AP Photo/Yuki Iwamura)

Protesters have been advocating for the college to restrict companies allegedly profiting from the Israel-Gaza conflict. However, incidents of antisemitism have also been reported during the unrest.

To ensure campus safety, Columbia has requested that the New York police remain on campus until at least May 17. The decision to cancel graduation comes shortly after police cleared a pro-Palestinian encampment at the University of Southern California (USC) in Los Angeles.

NYPD officers arrest pro-Palestinian protests began at Columbia University and spread to other schools in New York. (Photo by Fatih Aktas/Anadolu via Getty Images)

Meanwhile, other universities have steered similar tensions. Northeastern University’s graduation ceremony in Boston proceeded relatively peacefully, although Palestinian flags were waved and pro-Palestinian chants were heard alongside Israeli flag displays. At the University of Mississippi, an investigation was launched into allegations of racist behavior during protests on campus.

The situation underscores the challenges faced by universities amidst heightened tensions surrounding the Israel-Gaza conflict, prompting institutions to balance safety concerns with academic freedom and student activism.

Xi Jinping Seeks to Strengthen Ties with France Amidst Trade Tensions and Geopolitical Challenges

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During his first trip to Europe in five years, Chinese President Xi Jinping initiated a charm offensive aimed at enhancing China’s relationship with France.

With looming trade tensions with Brussels and accusations of aiding Russia in the Ukraine conflict, Xi’s visit to France appears strategic in countering narratives emanating from the United States and consolidating China’s influence in Europe.

The president of France, Emmanuel Macron (3rd L), and his wife, Brigitte Macron (2nd L) receive Xi Jinping (4th L), General Secretary of the Chinese Communist Party and his wife, Peng Liyuan (5th L) at the Elysee Palace in Paris, France on 6th May 2024.(Photo by Daniel Dorko / Hans Lucas / Hans Lucas via AFP)

Xi’s agenda includes discussions with French President Emmanuel Macron, focusing on topics such as China’s friendship with Moscow and its role in resolving the war in Ukraine. Macron, while advocating for stronger ties with China, has also emphasized the need for Beijing to address concerns about its support for Russia’s military activities.

Trade issues, particularly concerning Chinese electric vehicles and French brandy, are also on the agenda. Beijing’s threats to impose tariffs on French brandy in response to EU investigations into Chinese EVs pose challenges for both industries.

Xi’s springtime trip to Paris kicked off with words of warm intentions between the two trading partners, before of a series of events promising some interesting optics on China-Europe relations. (Photo by Nathan Laine/Bloomberg via Getty Images)

Despite these challenges, Xi is keen on highlighting the historical ties between China and France as the two nations celebrate 60 years of diplomatic relations. In an opinion column for the French newspaper Le Figaro, Xi expressed commitment to strengthening Franco-Chinese relations and upholding world peace and stability.

While Xi aims to cultivate closer ties with France, he also seeks to ensure European independence, cautioning against external influence, likely referencing the United States. Macron, known for his independent stance on China, has shown willingness to engage with Beijing on trade and investment, albeit with a critical eye on geopolitical issues.

As Xi’s visit progresses, his engagements in Hungary and Serbia will underscore China’s continued alliances in Eastern Europe. Despite geopolitical tensions and trade disputes, Xi’s visit to France signals China’s ongoing efforts to steer complex international dynamics and foster strategic relationships across the continent.

Argentina’s President Accepts Falklands are in UK’s Hands

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In a recent interview with the BBC, Argentina’s president, Javier Milei, acknowledged the current sovereignty of the Falkland Islands, known as the Malvinas in Argentina, lies with the UK. This marks a departure from the historical stance of Argentine leaders who have steadfastly claimed sovereignty over the islands.

Milei, a right-wing politician, affirmed his commitment to pursuing the return of the islands through diplomatic channels but conceded that there is “no instant solution” to the issue. He emphasized that Argentina does not seek conflict in reclaiming the Falklands but rather aims for a peaceful resolution.

Argentina’s President Javier Milei aims for Falkland’s return through diplomacy, diverging from past rhetoric. (Photo by Tomas Cuesta/Getty Images)

Reflecting on the historical significance of the Falklands War, Milei praised former UK Prime Minister Margaret Thatcher, despite her controversial decisions during the conflict. He defended Thatcher’s actions, stating that criticizing her based on nationality or race is intellectually precarious.

Regarding the sovereignty dispute, Milei refrained from setting a specific timeframe for the resolution, acknowledging that it could take decades, drawing a parallel with the handover of Hong Kong from the UK to China in 1997. He expressed a willingness to engage in long-term negotiations with the UK.

Argentine President Javier Milei Leads The Central Event For A New Anniversary Of The Malvinas War Together With Ministers. (Photo by Federico Rotter/NurPhoto via Getty Images)

This shift in rhetoric under Milei’s leadership contrasts with the more confrontational approach taken by his left-wing predecessor, Alberto Fernandez. While Milei’s radical policies, such as advocating for significant cuts to public spending, have been notable during his campaign, his approach to the Falklands issue appears to be more measured and diplomatic.

Despite Milei’s acceptance of the current status quo, he remains steadfast in his desire for the islands to become Argentine territory, albeit within the framework of peace and negotiation.

Trump Holds Higher Trust on Economy, Inflation Than Biden

A new poll shows that more Americans trust former President Trump over President Biden when it comes to the economy and inflation.

The ABC News/Ipsos poll found that many Americans see the economy and inflation as important issues for the upcoming election. Most people in the survey said they trust Trump more than Biden on these topics. Eighty-eight percent said the economy is important in deciding who to vote for, and 85 percent said the same for inflation.

Forty-six percent of those surveyed trust Trump on the economy, while only 32 percent trust Biden. Twenty-one percent said they don’t trust either candidate.

Similarly, 44 percent trust Trump to handle inflation, compared to 30 percent for Biden. Twenty-five percent don’t trust either candidate.

Trump Holds Higher Trust on Economy, Inflation Than Biden
Former President Trump (Credits: Mint)

The poll also asked about people’s financial situations under Biden. Forty-three percent said they’re not as well off since he took office, while 40 percent said they’re about the same, and 16 percent said they’re better off.

In a hypothetical match-up between Biden and Trump, the race is close. Trump had 46 percent support among all adults surveyed, while Biden had 44 percent. Among registered voters, Biden had a slight lead with 46 percent support compared to Trump’s 45 percent. Among likely voters, Biden led with 49 percent, while Trump had 45 percent.

The poll surveyed 2,260 adults online from April 25-30 and has a margin of error of 2 percentage points.

NYC Prisons Stop Using Body Cameras After Device Fire

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The New York City Department of Corrections announced on Sunday that it will stop using body-worn cameras by its officers temporarily. This decision came after one of the cameras caught fire while an officer was using it last week.

The department stated that the officer wearing the camera needed treatment for burns and smoke inhalation. Corrections Commissioner Lynelle Maginley-Liddie expressed concern for the injured officer and emphasized the importance of staff safety.

The officer was taken to the hospital but was not admitted, according to reports from The New York Post.

NYC Prisons Stop Using Body Cameras After Device Fire
(Credits: Police1)

The department has been using nearly 3,500 body cameras since 2015, and this incident is described as a rare occurrence. An investigation into why the camera caught fire is underway, including communication with the manufacturer. It is expected to take one to two weeks to complete.

This isn’t the first time body cameras have raised safety concerns. The New York Police Department suspended their use twice in the past six years due to similar incidents, once in 2018 and again in 2021.

Trump’s ‘Gestapo’ Remark Draws Strong Rebuke from White House

The White House criticized former President Trump after he compared the Biden administration to the Gestapo, a Nazi police force.

Deputy press secretary Andrew Bates said Trump’s words were like those of fascists and Neo-Nazis. He added that President Biden is focusing on uniting Americans around democracy and the law, which has led to a big drop in violent crime.

At a Republican donor retreat in Florida, Trump complained about the criminal charges against him and accused the Biden White House of orchestrating them.

Trump's 'Gestapo' Remark Draws Strong Rebuke from White House
Former President Trump

North Dakota Governor Doug Burgum, who was at the event, confirmed Trump’s comments but said they weren’t the main point of his speech.

Trump’s reference to the Gestapo, a brutal Nazi police force, drew criticism. It’s not the first time he’s used language resembling that of dictators from World War II.

In the past, Trump has made statements about immigrants and political opponents that some people say are similar to the language used by Adolf Hitler and other dictators.

Biden Administration Reportedly Halts Ammunition Delivery to Israel

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The Biden administration stopped a delivery of ammunition to Israel last week, Axios reported. This happened while there was tension over Israel’s plans to invade Rafah in Gaza.

Israeli officials were surprised by the decision to stop the shipment, according to Axios. CNN reported that the U.S. decision wasn’t directly linked to opposing an invasion of Rafah.

Even though the Biden administration is supporting Israel against Hamas, they’ve warned against moving into Rafah. This is where many displaced Palestinians are seeking shelter.

The National Security Council said that the U.S. support for Israel remains strong. They’ve provided billions of dollars in aid and are leading efforts to defend Israel against threats.

Biden Administration Reportedly Halts Ammunition Delivery to Israel
Ammunition Delivery to Israel

The decision adds pressure to ceasefire and hostage talks between Israel and Hamas. CIA Director William Burns is in the Middle East to help find a diplomatic solution.

There’s a fear that if Israel invades Rafah, it could cause many civilian casualties. The U.S. has urged Israel not to attack without a clear plan to protect civilians.

Prime Minister Benjamin Netanyahu hinted at a possible invasion of Rafah, with or without diplomatic agreement or U.S. support.

Some Democrats are criticizing Biden, wanting assurance that U.S. weapons sent to Israel are used lawfully. The State Department recently found that certain Israeli military units violated human rights.

Jeffries Stresses Election Significance: ‘If Roe v. Wade Can Fall, Anything Can Fall’

House Minority Leader Hakeem Jeffries from New York talked about how important the 2024 election is during an interview on “60 Minutes” last Sunday. He said a lot more than just abortion rights is at risk if former President Trump gets elected again.

He mentioned that the issue of reproductive freedom will be a big deal in the election. He said, “The extreme MAGA Republicans are starting to take away reproductive freedom. We’ll fight hard to keep it.”

Jeffries warned that if the Supreme Court overturns Roe v. Wade, it could lead to bigger problems like Social Security, Medicare, and voting rights being taken away. He even said democracy itself could be at risk.

Democrats are focusing on abortion rights in battleground states like Arizona, Florida, and Montana. In Arizona, Republicans overturned an old abortion law last week, and Florida has passed a strict new abortion law.

Jeffries Stresses Election Significance: ‘If Roe v. Wade Can Fall, Anything Can Fall’
House Minority Leader Hakeem Jeffries from New York

But Jeffries thinks Democrats should also talk about their achievements, like gun safety laws and investments in manufacturing. He admitted that many people still think the economy was better under Trump, even though Biden has made improvements.

Jeffries said they need to do a better job explaining how Biden has improved the economy and how they plan to address issues like lowering costs and keeping communities safe.

He believes Democrats are on the right side of these issues and just need to communicate their message better to the American people.

Trump Surges in Christian Support Despite Unconventional Leadership

In the time of Donald Trump, many Christians support him, which surprises people.

Out of 46 presidents, only three weren’t Christian. But Trump stands out because he often goes against Christian teachings openly. He’s even insulted Christians in his book “Think Big.”

Trump’s actions clash with the Ten Commandments. He’s been accused of lying, coveting, and stealing. Despite this, many white evangelical Protestants still like him.

Some Christian groups support Trump’s efforts to mix religion with politics, wanting Christian beliefs to become law for everyone.

In the 2020 election, over 80% of white evangelical Protestants voted for Trump. Some conservative Christians think Jesus’ teachings are too liberal and prefer Trump’s stance in cultural battles.

Trump is praised by some Christian leaders who believe he’s chosen by God. But whether that’s true remains to be seen.

Let’s look at Trump’s actions in light of the Christian Bible.

During Trump’s trial, it was revealed he worked with a tabloid to spread lies about his opponents. The Bible forbids lying and sowing discord.

Trump Surges in Christian Support Despite Unconventional Leadership
Donald Trump

Trump has told thousands of lies while president, which goes against biblical teachings.

He’s also been found guilty of deceiving lenders, which the Bible condemns.

Despite this, Trump now sells Bibles for profit, which seems hypocritical.

Trump’s environmental policies also clash with Christian values. The Bible teaches caring for the Earth, but Trump has rolled back many environmental protections.

Pope Francis and many Christian groups criticize leaders who deny climate change and exploit nature.

Christians are warned in the Bible about false prophets. It’s essential for voters to consider these warnings when choosing leaders.

In November’s election, these warnings should be remembered by all voters.

William Becker, a former U.S. Department of Energy official, leads a nonpartisan initiative focused on climate policies.

Former President Trump Cheers Departure of RNC Lawyer

Former President Trump said it was good news that the top lawyer of the Republican National Committee (RNC) was leaving his job not long after starting.

“Great news for the Republican Party. RINO lawyer Charlie Spies is out as Chief Counsel of the RNC. I wish him well!” Trump said on Truth Social.

Officials confirmed on Saturday that Spies was leaving his job as RNC chief counsel about two months after starting, when Trump became the expected GOP nominee for November.

There were problems between Trump and Spies because Spies criticized Trump’s false claims about the 2020 election being rigged and stolen.

“Charlie talked to RNC Chief of Staff, Chris Lacivita, about maybe not having enough time for the job, and they agreed that, while they appreciate Charlie’s skills, he can’t do this job full time and keep up with his law firm duties,” said RNC spokesperson Danielle Alvarez.

Former President Trump Cheers Departure of RNC Lawyer
Former President Trump

Spies had worked for Florida Governor Ron DeSantis and former Florida Governor Jeb Bush, both of whom Trump has criticized in the past.

The RNC had said in March that it hired Spies, along with former One America News host Christina Bobb and former Trump administration lawyer Bill McGinley, to handle legal matters, with Bobb and McGinley focusing on election issues.

Trump’s team has said they want to be more active in checking vote counts for any problems. Trump said last week that he won’t promise to accept the results in Wisconsin in November unless everything seems fair.

Main Graduation Ceremony at Columbia University Called Off

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Columbia University has canceled its big graduation ceremony after recent protests supporting Palestine caused a lot of trouble on campus.

A university official said “security concerns” were one of the main reasons for canceling, but they didn’t give details about why they felt the ceremony wouldn’t be safe.

Instead of one big ceremony, the school will have smaller ones for each school within the university. They think these smaller ceremonies are more special for students and their families.

Main Graduation Ceremony at Columbia University Called Off
Columbia University Protests (Credits: The Forward)

The ceremonies were moved from the main lawn to the athletic complex because that’s where the protesters were camping out.

The university is trying to make things better for everyone. They’re thinking about having a fun event on May 15 instead of the big ceremony.

Columbia has had lots of people arrested during these protests. Some protesters even took over a building. The university had to cancel classes and delay finals because of all the chaos.

Last week, the police had to go into Hamilton Hall to arrest some of the protesters.

Judge Threatens Trump with Jail for Violating Gag Order

The judge handling the hush money case involving former President Trump has issued a strong warning after finding Trump guilty of violating a gag order for the tenth time. Judge Juan Merchan ordered Trump to pay $1,000 for attacking jurors in his trial, warning that future violations could result in jail time.

While the judge acknowledged that prosecutors didn’t prove all allegations, Trump still faced consequences for his actions. The gag order forbids Trump from insulting witnesses, jurors, or court staff, but not the judge or the Manhattan District Attorney.

Trump has criticized the restrictions, claiming they violate his First Amendment rights. Despite this, the judge emphasized the importance of upholding the law and ensuring a fair trial. He stated that fines alone weren’t effective in stopping Trump’s violations.

The latest breach of the gag order occurred when Trump made comments about the trial and the jury during media interviews. While Trump’s lawyers argued that his remarks were responses to political attacks, the judge emphasized the need to prevent any actions that could influence the trial’s outcome.

Judge Threatens Trump with Jail for Violating Gag Order
Former President Trump

Regarding specific comments about witnesses, the judge did not find Trump in contempt for all alleged violations. He ruled that some statements didn’t constitute a threat or a breach of the gag order.

Trump’s legal team has appealed the gag order, citing concerns about his ability to defend himself. They pointed out remarks made by President Biden, arguing that Trump should be able to respond. However, the judge clarified that the gag order doesn’t restrict Trump from responding to comments made by others.

The trial revolves around allegations of falsifying business records related to a hush money deal made with an adult film actress before the 2016 election. Trump has pleaded not guilty to the charges.

Gallup Survey Shows Public Confidence in Biden’s Economic Moves Dwindling

Voter trust in President Biden’s economic decisions is at its lowest in over 20 years, according to a Gallup survey.

Gallup has been checking confidence in presidents’ economic decisions since 2001 when George W. Bush became president. Confidence in Biden’s economic management fell from 57 percent to below 40 percent in 2022 and has stayed low since then. The lowest point was 35 percent in 2023.

Bush had the lowest confidence in economic management at 34 percent in 2008. Barack Obama’s lowest was 42 percent in 2014, and Donald Trump’s was also 42 percent in 2018.

Gallup Survey Shows Public Confidence in Biden's Economic Moves Dwindling
Donald Trump (Credits: history.com)

In the new Gallup survey, only 38 percent of adults in the US said they have confidence in Biden to make the right economic decisions. Both Democrats and Republicans had similar levels of confidence in Biden.

On the other hand, 46 percent of people said they trust Trump’s economic decisions, and 39 percent trust Federal Reserve Chair Jerome Powell.

The survey was done with 1,001 adults from April 1-22, before Powell said interest rates would stay high for 23 years. The margin of error is plus or minus 4 percentage points.

NY Times Editor Says Media Shouldn’t Interfere with Trump’s Election Chances

The boss of The New York Times says it’s not their job, or anyone else’s, to stop Donald Trump from becoming president again. Joe Kahn, the executive editor, talked about this in an interview recently. He said it’s President Biden’s job to stop Trump from winning, not the media’s.

Kahn thinks Trump could win the election if people vote for him. He said the Times needs to cover all the important topics, including ones that might help Trump, like immigration.

He doesn’t want the Times to be like a propaganda machine for Biden. He doesn’t want them to only write nice things about Biden and bad things about Trump. He thinks that wouldn’t be helpful.

NY Times Editor Says Media Shouldn't Interfere with Trump's Election Chances
Donald Trump (Credits: Britannica)

This comes after reports that some people in Biden’s team are upset with how the Times is reporting on them.

But Kahn thinks the Times gives a fair view of Biden to its readers. They write about his good points and also his weaknesses, like his age.

Top Aide to Chinese Businessman Guo Wengui Pleads Guilty to $1 Billion Fraud Conspiracy

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Yvette Wang, the top aide to Chinese businessman Guo Wengui, admitted in court in New York that she took part in a scheme that stole over $1 billion from people worldwide. This happened just before Guo, who’s 53 years old, is supposed to go on trial in Manhattan for similar charges. Wang was going to stand trial alongside Guo before she confessed.

Guo, who’s connected with former Trump aide Steve Bannon, is accused of tricking his online followers into investing by promising big returns. He says he’s innocent.

Wang, aged 45, agreed to pay $1.4 billion in fines and give up the same amount. The Manhattan U.S. Attorney, Damian Williams, said this.

Yvette Wang pleaded guilty in New York to $1 billion for being involved in a fraud conspiracy along with Guo Wengai.

She could face up to 10 years in prison for conspiracy to commit fraud and money laundering. Her sentencing is set for September 10.

Williams said Wang played a big role in a plan that tricked many people out of their money.

Guo, when arrested last year, allegedly spent some of the stolen money on a big house, a yacht, fancy cars, and expensive items like a piano and mattresses.

Guo used stolen money for a mansion, yacht, and cars; Wang paid $1.4 billion in restitution

Prosecutors seized over $650 million from bank accounts and other assets. Guo’s companies agreed to pay around $540 million to settle allegations of illegal stock trading.

Guo, also known as Miles Guo or Miles Kwok, has been in the U.S. since 2015, reportedly to avoid charges of corruption in China.

Activist Investor Ancora Gains Support for Board Slate at Norfolk Southern Shareholder Meeting

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Norfolk Southern unions and pension funds invested in it should support activist Ancora’s full seven-director team at the railroad’s upcoming shareholder meeting, two different Institutional Shareholder Services (ISS) proxy advisory services said.

ISS’ Taft-Hartley Advisory Services and Social Advisory Services, which focus on recommendations for unions and socially responsible investors, said in their reports that having a majority of Ancora’s team would help deal with the current board’s “negligence” and address accountability concerns.

Both reports said the proxy contest is about deciding which management team is best for the company’s future. They emphasized the need to give the dissident (Ancora) a strong voice to make their case for management change.

Norfolk Southern CEO Alan Shaw

The reports also supported Ancora’s CEO pick, Jim Barber, as a “credible” director and chief executive, despite criticisms about his lack of railway experience. They said Barber seems capable, with skills and experience that could work well in the railroad industry.

Earlier, ISS and Glass Lewis had already suggested that shareholders support most of Ancora’s nominees at Norfolk Southern’s upcoming meeting. Glass Lewis endorsed six of Ancora’s director picks, including Barber.

Ancora responded, saying that this news is important for union retirement plans and socially responsible investment firms. They highlighted their three-year precision-scheduled railroading strategy, which they believe differs greatly from Norfolk Southern’s model and has worked well in other railroads.

Ancora’s CEO pick, Jim Barber, was deemed credible despite a lack of railway experience. (Credits: Logistics)

Norfolk Southern responded by saying that the ISS team behind the Taft-Hartley report didn’t engage with their management, unlike the main ISS research team, which recommended supporting most of Norfolk Southern’s director nominees.

However, the endorsements from proxy advisors signal a mandate for change at Norfolk Southern, which has performed poorly in the stock market and is dealing with fallout from a derailment in Ohio.

ISS’ recommendations are significant, especially considering the derailment, which released over 100,000 gallons of toxic chemicals into the environment.

Union support split between management and activist investor Ancora, uncommon in the railroad industry.

Norfolk Southern said they’ve contributed over $105 million to the region affected by the derailment, not including a $600 million class-action settlement.

These recommendations also matter because unions have a big influence in the railroad industry.

Union support is split between management and the activist investor. Two different Teamsters unions, representing about 42% of Norfolk Southern’s unionized workforce, are supporting the activist. Another group of unions is backing management.

Union support for activist campaigns at railroads is unusual, as they typically focus on cutting costs and improving financial metrics. However, Ancora has managed to get support from unions and other shareholders.

Top institutional shareholders, including Vanguard, BlackRock, State Street, Dodge & Cox, and pension funds like CalPERS, CalSTRS, and Colorado’s public pension fund, are among those being appealed to.

Potential Reversal of Climate Disclosure Rule and Increased ESG Battles Expected Under Trump SEC

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The Securities and Exchange Commission (SEC) might change its approach if Donald Trump gets re-elected, according to insiders. Currently, Gary Gensler is the head of the SEC, and it’s been tough on big companies. But if Trump wins again, the SEC could ease up, especially on rules about the environment.

One major focus for a second Trump term would be to undo the new rules about disclosing climate information. Gensler, along with the SEC, made a rule in March that forces big companies to reveal how much greenhouse gases they emit. They have to start doing this by 2025 and give details by 2026.

Gensler thinks it’s important for companies to tell investors about their greenhouse gas emissions because it affects their business.

But if a Republican chosen by Trump leads the SEC, they would probably get rid of these new rules, say some insiders.

According to one person who advises Trump on SEC matters, these rules cost companies and investors a lot of money without giving them any real benefits. This person, like others in this story, didn’t want to be named.

Trump doesn’t like the idea of companies being pushed to follow environmental, social, and governance (ESG) standards either. When he was president, he made it tougher for employers to offer ESG funds in retirement plans. But the Biden administration later made it easier.

In February, Trump said on his Truth Social account that if he gets a second term, he’ll bring back his previous rules.

BlackRock and Vanguard Under Pressure

A possible second term for Trump, focusing on ESG issues at the SEC and beyond, might spell trouble for major investment firms like BlackRock and Vanguard.

Increased ESG Battles Expected Under Trump SEC
Blackrock

These companies have long offered eco-friendly investment choices to their clients. But recently, just having these options has caused political controversies for them. Some of Trump’s allies have led the backlash against them.

A Texas public school fund recently withdrew $8.5 billion from BlackRock’s management, citing the firm’s reluctance to invest in fossil fuels. Florida also withdrew $2 billion in 2022, accusing BlackRock of prioritizing ESG over investors. Both states are led by politically ambitious Republican governors, Ron DeSantis in Florida and Greg Abbott in Texas.

Representatives for BlackRock and Vanguard didn’t immediately respond to requests for comment. However, both firms have strongly denied favoring climate concerns over their clients’ interests. They’re fiduciaries, meaning they’re legally bound to prioritize their clients.

Vanguard

Still, a Trump supporter told CNBC that they planned to discuss with the former president how to use a Trump White House to push back against ESG investment guidelines.

If Trump wins a second term and issues an order prohibiting ESG considerations in retirement funds, for instance, he could then urge Republican-led states to pressure investment firms to scale back their eco-friendly investment advice, according to a close associate of Trump.

“You start with executive action at the federal level, and then you get state treasurers to pressure investment funds to move away from ESG and encourage more states to divest from these funds,” the Trump confidant explained.

Addressing the Crypto Conundrum

Under a potential second Trump term, one exception to the less strict regulation at the SEC might be its stance on the cryptocurrency industry.

Cryptocurrency

“The SEC under the first Trump administration actively pursued crypto cases and aimed to regulate this industry,” said Jennifer Lee, a lawyer and former Assistant Director in the SEC’s division of enforcement.

“In a second Trump administration, we can expect ongoing efforts by the SEC to define its role and authority over crypto.”

“While there’s more consistency and understanding about the standards the SEC will use to determine if a token falls under its jurisdiction, there are still questions about how far that jurisdiction extends,” Lee pointed out.

Analyzing Rental Prices in Major Asian Cities: A Financial Perspective

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Renting a place can be a big deal, especially in a big city where prices are high.

Experts say you shouldn’t spend more than about 30% of what you earn before taxes on rent. A study gathered data from government websites and real estate places in Asia to see how much it costs to rent in big cities.

Here are the prices for renting a one-bedroom apartment and buying property per square meter in some of Asia’s major cities:

Mumbai, India:

  • Rent: $481
  • Buying price per square meter: $3,882

Hanoi, Vietnam:

  • Rent: $688
  • Buying price per square meter: $2,280
Jakarta, Indonesia

Jakarta, Indonesia:

  • Rent: $698
  • Buying price per square meter: $1,726

Kuala Lumpur, Malaysia:

  • Rent: $735
  • Buying price per square meter: $3,903

Manila, Philippines:

  • Rent: $805
  • Buying price per square meter: $3,813

Taipei, Taiwan:

  • Rent: $816
  • Buying price per square meter: $17,551
Taipei, Taiwan

Bangkok, Thailand:

  • Rent: $1,080
  • Buying price per square meter: $6,485

Tokyo, Japan:

  • Rent: $1,216
  • Buying price per square meter: $8,837

Hong Kong:

  • Rent: $2,173
  • Buying price per square meter: $25,802
Singapore

Singapore:

  • Rent: $4,590
  • Buying price per square meter: $16,619

In 2023, Asia’s housing market slowed down because of a weak economy and high prices, according to a report.

Hong Kong’s housing market faced problems as construction slowed down and prices dropped.

Prices for homes in some parts of Southeast Asia like Ho Chi Minh City, Vietnam, and Malaysia also went down.

But cities like Taipei and Singapore kept going strong, with prices going up.

Generally, the housing market seems to be getting better as prices ease in many places and banks stop raising rates.