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Japan’s $15B American Steel Dream Just Got Crushed

President Biden announced Friday his decision to block Nippon Steel's $15 billion acquisition of U.S. Steel, concluding a year of deliberations that intersected with election-year dynamics. The decision followed a Treasury Department security review that reached no consensus and escalated the matter to presidential determination in December. The President emphasized national security concerns, stating that domestic steel production and workers are vital for American strength and security. U.S. Steel, established in 1901, has faced a significant decline from its World War II peak of 340,000 workers to approximately 11,000 today. The company's stock value has remained relatively stagnant since the 1990s, challenged by cheaper Asian steel production. Following Biden's announcement, the company's stock dropped 8% in pre-market trading. U.S. Steel defended the proposed deal, arguing it would strengthen national security through manufacturing investment and help counter Chinese competition. The company […]

Peter Atitebi January 3, 2025

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Conflict

New Orleans Attack Suspect Identified by Law Enforcement

Law enforcement officials have preliminary identified Shamsud Din Jabbar, 42, as the suspect in a deadly incident on Bourbon Street, according to four senior law enforcement officials familiar with the investigation. The attack occurred around 3:15 a.m. when a pickup truck was driven into crowds celebrating New Year's, authorities reported. New Orleans Police Department Superintendent Anne Kirkpatrick confirmed that ten people lost their lives and at least 35 others sustained injuries. Din Jabbar, who authorities confirmed is deceased, is being investigated by federal officials and local law enforcement. Investigators are exploring whether the suspect used a long-gun rifle to fire into the crowd during the vehicle incident, according to three senior law enforcement officials briefed on the case. Law enforcement teams are currently working to uncover more details about Din Jabbar's background and potential travel history. Representative Steve Scalise, R-La., […]

Peter Atitebi January 1, 2025

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Politics

BILLIONAIRE CIVIL WAR: Trump Allies Elon Musk and Vivek Ramaswamy Battle MAGA Base Over Immigration!

A debate over skilled worker visas has emerged among supporters of President-elect Donald Trump, highlighting potential divisions within his incoming administration. The controversy began when Vivek Ramaswamy, selected by Trump to reduce government spending, shared his views on the H-1B visa program, which allows U.S. companies to hire skilled foreign workers. In a post on X, Ramaswamy suggested that American cultural priorities have led companies to seek foreign talent, stating that a society that "celebrates the prom queen over the math olympiad champ" may struggle to produce top engineers. This perspective drew support from Elon Musk, Trump's chosen co-director for a proposed Department of Government Efficiency. Musk defended the H-1B program, comparing America to a successful sports team seeking top talent. He suggested the program attracts the "top ~0.1%" of engineering talent. However, their stance faced significant opposition from other […]

Peter Atitebi December 28, 2024

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News

Baby Driver’ Star’s Tragic End: Teen Actor’s Life Cut Short in Mysterious Vehicle Incident

Hudson Meek, a 16-year-old actor known for his role in "Baby Driver" and the NBC drama "Found," has died following a fall from a moving vehicle in Alabama. The incident occurred on December 19 in Vestavia Hills, a Birmingham suburb, where Meek sustained blunt-force trauma injuries. He passed away two days later, according to local authorities. A second-year student at Vestavia Hills High School, Meek had built a diverse portfolio in entertainment, including video game and commercial voice-over work alongside his on-screen appearances. His mother, Lani Wells Meek, shared the news on Facebook, reflecting on her son's impact: "His 16 years on this earth were far too short, but he accomplished so much and significantly impacted everyone he met." She requested prayers for family and friends as they process the sudden loss. The Vestavia Hills Police Department has launched an […]

Peter Atitebi December 26, 2024

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Conflict

Australia Sides with Majority of UN Members to Recognize Palestinian Sovereignty

In a significant diplomatic move, Australia has broken ranks with its close allies the United States and Israel by voting in favor of a United Nations resolution that recognizes the "permanent sovereignty" of the Palestinian people over the occupied territories of the Gaza Strip and the West Bank, including East Jerusalem. On Thursday, Australia joined 154 other countries, including the United Kingdom, New Zealand, and France, in backing the draft resolution. The motion reaffirms Palestinian sovereignty over their natural resources in the occupied territories. Australia also supported a second resolution that condemned Israel for an oil spill incident off the coast of Lebanon in 2006 and called on Israel to compensate Lebanon and other affected countries. A spokesperson for Foreign Minister Penny Wong said that while Australia did not agree with everything in the resolutions, the votes reflect "international concern […]

David Balogun November 15, 2024

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