Could a US debt default unleash global chaos?
The BBC examines four ways you could be affected if the US fails to reach a deal on its debt.
2023-05-19 07:24
Chinese commerce minister to meet US counterpart in Washington next week
China's Commerce Minister Wang Wentao will meet both US Commerce Secretary Gina Raimondo and US Trade Representative Katherine Tai next week, the Chinese Embassy said Thursday, as the United States and China try to recalibrate strained relations.
2023-05-19 07:15
Trump campaign knocks DeSantis over Disney’s cancelled Florida expansion
Donald Trump’s 2024 campaign wasted no time in knocking Florida Governor Ron DeSantis over the news that Disney is cancelling a $1bn plan to expand its business in Florida. The campaign for the former president to return to the White House sent out a fundraising email on 18 May after the news broke about the shelving of the planned relocation of some thousands of staff to the Orlando area. Headlined: “President Trump is always right”, the email included a Truth Social post from Mr Trump dated 18 April. The post reads: “DeSanctus is being absolutely destroyed by Disney. His original P.R. plan fizzled, so now he’s going back with a new one in order to save face. Disney’s next move will be the announcement that no more money will be invested in Florida because of the Governor.” He continues: “In fact, they could even announce a slow withdrawal or sale of certain properties, or the whole thing. Watch! That would be a killer. In the meantime, this is all so unnecessary, a political STUNT! Ron should work on the squatter MESS!” Walt Disney has pulled the plug on a $1bn office complex in central Florida, following a warning from Disney leadership that billions of dollars in projects were on the line after Florida Governor Ron DeSantis escalated his feud with the company. The development scheduled for construction in the Orlando area was set to bring 2,000 jobs to the region, with 1,000 employees expected to be relocated from southern California. In an email to employees on 18 May, Disney’s theme park and consumer products chair Josh D’Amaro pointed to “changing business conditions” for the cancellation of the 60-acre Lake Nona Town Center project, according to The New York Times, which first reported the move. “I remain optimistic about the direction of our Walt Disney World business,” he added, noting that the company has still planned $17bn in projects over the next decade at its Disney World campus. “I hope we’re able to,” he said. For years, Florida legislators and the governor’s office enjoyed a close relationship with the state’s largest taxpayers, among the state’s largest employers, which has wielded enormous political influence while bringing in billions of dollars to the state each year. Now, the company and DeSantis allies are suing one another, following a year-long feud over opposition to what opponents have called Florida’s “Don’t Say Gay” law that boiled over into political and legal battles that could shape the company’s business in the state. Moments after a board appointed by Mr DeSantis voted to strip the company’s control of its Florida park, Disney filed a federal lawsuit against the governor and state officials alleging a “targeted campaign of government retaliation” for “expressing a political viewpoint.” The lawsuit follows the governor’s state takeover of the Reedy Creek Improvement District, now the Central Florida Tourism Oversight District, made up of conservative activists and DeSantis loyalists, a move that followed Florida Republicans’ punitive measures against the company after its public opposition to the “Don’t Say Gay” law. Days later, the board voted to sue Disney in state court. In March, Disney slammed the governor’s “anti-business” approach to the company, which Mr DeSantis has accused of advancing a “woke agenda” while his administration targets LGBT+ people and their families with sweeping laws to control public school education, healthcare access and speech. The governor dissolved a decades-old municipal district that allowed Disney to control its own land use, zoning rules and public services, without putting a tax burden on Florida residents. In effect, Disney taxed itself to foot the district’s bill for its municipal needs. “Does the state want us to invest more, employ more people, and pay more taxes, or not?” Disney CEO Bob Iger said on a conference call with analysts last week. A statement from Disney said the company has decided to pull out of the new campus construction “given the considerable changes that have occurred since the announcement of this project, including new leadership and changing business conditions.” Governor DeSantis’s office said in a statement: “Disney announced the possibility of a Lake Nona campus nearly two years ago. Nothing ever came of the project, and the state was unsure whether it would come to fruition. “Given the company’s financial straits, falling market cap and declining stock price, it is unsurprising that they would restructure their business operations and cancel unsuccessful ventures.” Orange County Mayor Jerry Demings released his own statement reading: “It is unfortunate that Disney will not be moving forward with construction of the Lake Nona campus. However, these are the consequences when there isn’t an inclusive and collaborative work environment between the state of Florida and the business community.” He concluded by saying: “We will continue to work closely with our valued partners at Disney.” Read More Disney cancels $1bn Florida theme park extension amid war with DeSantis Ron DeSantis mocked over bizarre video of roaring laughter: ‘A faulty robot’ Pete Buttigieg says GOP falling in ‘delicious’ trap: ‘Coca-Cola, Disney and Bud Light are on the other side’ Ivanka and Jared split over attending Trump 2024 launch – follow live Why was Donald Trump impeached twice during his first term? Four big lies Trump told during his 2024 presidential announcement
2023-05-19 05:46
US signals to allies it won't block their export of F-16 jets to Ukraine
The Biden administration has signaled to European allies in recent weeks that the US would allow them to export F-16 fighter jets to Ukraine, sources familiar with the discussions said, as the White House comes under increasing pressure from members of Congress and allies to help Ukraine procure the planes amid intensifying Russian aerial attacks.
2023-05-19 05:29
Banning TikTok vs. protecting Twitter
Americans' commitment to freedom of speech is colliding with their dislike of the Chinese government and their addiction to social media.
2023-05-19 05:24
Feinstein's office confirms broader health complications, contradicting senator's denial
Sen. Dianne Feinstein's office confirmed on Thursday that the California Democrat experienced broader health complications following her shingles diagnosis, contradicting an earlier denial from the senator herself.
2023-05-19 05:16
A teen fired 141 rounds from his AR-15-style rifle in his neighborhood. Police have released video from the deadly mass shooting
A student used his new AR-15-style rifle to unleash a torrent of bullets before continuing his deadly march though his neighborhood -- leaving three people dead, six wounded and another community wondering whether such tragedy could have been averted.
2023-05-19 04:54
Family of Navy officer in Japanese prison hopes for resolution to case
The family and friends of a US Navy officer jailed in Japan hope that President Joe Biden's trip to the nation for the G7 summit will yield progress in his case, particularly after he penned a handwritten letter to his wife expressing despair about his situation.
2023-05-19 04:49
GOP Rep Clay Higgins filmed shoving activist who questioned Lauren Boebert’s divorce
Republican Congressman Clay Higgins yanked and shoved an activist who he claimed was mentally disturbed during a press conference outside the US Capitol. Jake Burdett, an activist with leftist political views, was filming and asking questions of the GOP lawmakers present when a man in a suit approached him. The moment, which is captured in Mr Burdett's footage, shows the man in the suit — Mr Higgins — walking up, introducing himself, and telling the activist to back off and that he will answer his questions after the conference. “All I’m asking you to do is just peacefully stand by with your camera and I promise you—look at me—I’ll come talk to you straight up and answer all your questions. Fair enough?” Mr Higgins asks. Mr Burdett stood back, but zeroed in on the lawmakers again when Congresswoman Laura Boebert began to speak. The activist began to ask questions about her recently announced divorce but was intercepted by Mr Higgins. Footage capturing the moment shows Mr Higgins grabbing the activist and shoving him several feet away from the press conference. “Uh-uh. Uh-uh. No. You’re out. You’re out," Mr Higgins can be heard saying in the footage. Mr Burdett can be heard protesting Mr Higgins’s interference, asking: “Aren't you a congressperson, touching me?” He then demanded that he “get off” and said that the lawmaker was hurting him. Mr Higgins continued to grapple Mr Burdett until DC Metropolitan police intervened and split the men up. Mr Burdett was questioned by DC police and was later allowed to leave. He spoke about the experience with The Daily Beast, saying he felt “scared, intimidated, powerless, [and] defenceless”. Mr Burdett said he felt as though he could do nothing to defend himself since Mr Higgins is a member of Congress. “Like, who do I think the cops are going to crack down on, me, or the congressperson?” he said. He believes the incident was an example of a lawmaker thinking of themselves as “untouchable” because of their position. “It’s one thing for anybody to do that,” he said of Higgins’ behaviour. “But for a sitting US congressperson to think that that’s OK—it just shows an extra level of entitlement, that they feel they’re untouchable and the law doesn’t apply to them.” The footage was shared widely on social media, sparking a Change.org petition for the arrest of Mr Higgins. The Independent has reached out to Mr Higgins and Mr Burdett for comment. Mr Higgins responded to the incident in a video response posted to Twitter. Mr Higgins offered a comment to KATC, and said Mr Burdett "was a 103M," which is a police code referring to mentally disturbed individuals. The statement goes on to accuse Mr Burdett of being “threatening”. Mr Burdett told The Daily Beast he was in Washington to attend a Medicare for All rally featuring Senator Bernie Sanders. After that rally, he spotted the Republican press conference setting up in the same spot. He decided to stay and "ask them some tough questions." He said that after the incident he is weighing his options and strongly considering making assault charges against the congressman. “I’m absolutely evaluating my options here, and if it looks like there is a strong case for assault and [there is] an attorney willing to take on the case, I am absolutely prepared to press charges,” he said. Read More The school librarian in the middle of Louisiana’s war on libraries Lauren Boebert denies claim husband flew into rage after being served divorce papers Marjorie Taylor Greene launches racially-loaded attack on Black Democrat after Capitol steps shouting match Lauren Boebert denies claim husband flew into rage after being served divorce papers Disney cancels $1bn Florida theme park extension amid war with DeSantis FACT FOCUS: Who’s to blame for the national debt? It’s more complicated than one culprit
2023-05-19 04:23
Jamaal Bowman says Marjorie Taylor Greene used ‘racial bullhorn’ when she said she felt ‘threatened’ during Capitol exchange
Rep Jamaal Bowman (D - New York) criticised Rep Marjorie Taylor Greene for characterising him as threatening when they confronted each other on the steps of the Capitol on Wednesday. The two had a heated exchange on the steps of the US Capitol after the House voted to refer the expulsion of Representative George Santos to the House Ethics Committee. At a press conference on Thursday, Ms Greene said criticised Mr Bowman, an outspoken progressive, for confronting her on the steps of the US Capitol on Wednesday, for calling her a white supremacist. Ms Greene later criticised Mr Bowman for calling her a white supremacist. “That is like calling a person of colour the n-word,” she said. “Jamaal Bowman was down there cursing at me, telling me to get the eff out of there, right outside the vehicle I was sitting in.” Mr Bowman confronted Ms Greene in a heated conversation on the steps of the US Capitol on Wednesday following the vote to refer the expulsion of the embattled New York Republican representative to the House Ethics Committee rather than subject his expulsion to a full vote on the House floor. “What is on video is Jamaal Bowman shouting at the top of his lungs, cursing,” she said. “Calling me a white supremacist, which I take great offence to. That is like calling a person of colour the N-word.” Ms Greene accused Mr Bowman of “leading the mob” right outside a vehicle as she was prepared to leave the Capitol. She then noted that he confronted her after the vote. “His physical mannerisms are aggressive,” she said, criticising his recent interaction with Rep Thomas Massie (R - Kentucky) and accusing him of shoving Mr Massie when discussing gun violence. “I am concerned. I feel threatened by him.” The Daily Beast’s Ursula Perano filmed the interaction as Mr Bowman admonished Ms Greene, who has promoted conspiracies such as QAnon, to fix the Republican Party. Eventually, Mr Bowman’s friend Rep Alexandria Ocasio-Cortez (D - New York) stepped in to tell him of Ms Greene: “She ain’t worth it, bro.” During their back and forth, Mr Bowman told Ms Greene of Mr Santos: “Expel him. Save the party. The party is hanging by a thread.” But Ms Greene deflected, saying: “We got to get rid of Biden to save the country,” before she tried to start a chant of “impeach Biden.” Mr Bowman then said Ms Greene needed to stop promoting conspiracy theories. “No more QAnon,” he said, to which Ms Greene replied: “No more CNN.” “No more debt ceiling nonsense,” he said. “Come on, now. Save the party.” Mr Bowman also called on Ms Greene to do something about guns. “So close the border,” Ms Greene, which led Mr Bowman to scoff. “The border is where Trump left it,” he said. Mr Bowman ultimately moved on following the advice of Ms Ocasio-Cortez. The confrontation came after Mr Bowman and Ms Ocasio-Cortez heckled Mr Santos outside of the Capitol building, imploring him to resign as he spoke to reporters. Last week, Mr Santos was indicted on 13 counts of criminal charges related to wire fraud, money laundering, making false statements to the House of Representatives and theft of public funds. However, on Wednesday, the House of Representatives voted to refer the resolution to expel Mr Santos to the House Ethics Committee rather than sent it to a House vote. The charges come months after it was revealed that Mr Santos lied on his resume before being elected to represent New York’s 3rd district. Democrats have been pushing for Mr Santos to resign, citing ethical concerns- including Mr Bowman and Ms Ocasio-Cortez. Read More AOC heckles George Santos after Congress votes on his future: ‘Resign! Resign bro!’ Disney cancels $1bn Florida theme park extension amid war with DeSantis Marjorie Taylor Greene files impeachment against Biden, unlikely to pass AOC heckles George Santos after Congress votes on his future: ‘Resign! Resign bro!’ Marjorie Taylor Greene falsely claims slain Georgia activist killed police officer at Cop City protest
2023-05-19 04:00
Pentagon accounting error could give Ukraine extra $3bn in US weapons
A massive accounting error by the US Defense Department could allow an extra $3bn in American-made weapons to be delivered to Ukraine’s defence forces in the coming months. Two senior American officials told Reuters on Thursday that the Pentagon had overestimated the value of ammunition, missiles and other military materiel that has already been sent to Kyiv, leaving a $3bn deficit between what was believed to have been delivered and what was actually delivered to arm Ukrainian forces in their fight against Russian invaders. “We’ve discovered inconsistencies in how we value the equipment that we’ve given,” said one of the officials, who added that Congress will soon be officially notified of the bookkeeping screw-up. One defence official also said it’s still possible that the amount by which the US has overvalued the aid packages it has already delivered could grow beyond the current $3bn estimate. The Pentagon officials who spoke to Reuters said the overvaluation was introduced into the process for assigning values to weapons being shipped to Ukraine when the Defense Department erroneously calculated totals using the estimated cost to replace the weapons that were being provided from existing US stockpiles. Instead, the Pentagon should have assigned monetary values based on the original cost of the weapons, minus value subtracted to account for depreciation in the years between the original purchase date and when they were taken out of the US inventory to be sent to Ukraine. The updated — and presumably lower — value of the defence aid packages that have already been provided to the Ukrainian government could give the Biden administration more time before it must ask Congress to authorise additional aid for Kyiv. To date, the Ukrainian government has benefited from approximately $21bn in American defence aid, including High Mobility Artillery Rocket System (HIMARS) launchers, Javelin anti-tank weapons and two Patriot surface-to-air missile batteries. Read More Ukraine war – live: Putin launches day-long barrage on Bakhmut but Kyiv ‘repels all’ Ukraine repels Russian forces in Bakhmut after overnight strikes on Kyiv
2023-05-19 04:00
Here's how the 14th Amendment factors into the debt ceiling debate
As negotiations over addressing the debt ceiling continue and the threat of default draws closer, President Joe Biden has resurfaced the controversial idea of using the 14th Amendment as a way to lift the borrowing cap without Congress.
2023-05-19 03:48