Taxes upon taxes are just one of the reasons that both financial-industry hotshots and businesses are moving out of the Big Apple. We look at what that might cost the city. A snapshot of the drinks business reveals a subtle picture of who is drinking what, and where. And the Chinese rapper that is fast becoming a global household name.
We'll explain President Trump's announcement about nuclear weapons testing, made just before his highly anticipated meeting with the Chinese president.
Also, sticker shock as Obamacare window shopping begins.
And what to know about the latest interest rate cut.
Plus: an unprecedented milestone for an American tech company, which major AI platform is now banning teens, and the "word of the year" that you probably won't understand if you're over the age of 15.
Those stories and even more news to know in about 10 minutes!
Join us every Mon-Fri for more daily news roundups!
Donald Trump and Xi Jinping have met for the first time since 2019 to discuss a possible truce in the US-China trade war. The leaders of the world's two biggest economies shook hands and spoke of friendship ahead of the "amazing" meeting in South Korea. President Trump said they agreed a cut in tariffs and a rare earth minerals deal. Also: the US says it will begin testing its nuclear weapons to keep up with Russia and China; Hurricane Melissa moves towards the Bahamas and Cuba after causing unprecedented devastation in Jamaica; Brazil's president condemns the police raid that killed more than 130 people in Rio de Janeiro; the long lost wolf spider is re-discovered in the UK; what drives those who want to live forever; and the art of presidential gift giving.
Cleanup begins in Jamaica following Hurricane Melissa's wrath that has cause death and destruction from Haiti to Cuba. Jurors find Illinois deputy guilty of second-degree murder in the shooting death of a Black woman who called 9-1-1 for help. President Trump set to meet China's President Xi in South Korea.
CBS News Correspondent Jennifer Keiper with tonight's World News Roundup.
When companies need a loan, traditionally they turn to a bank.
But increasingly they’re turning to financial firms that are not really banks, but do have a lot of cash. This is called the “private credit” market. It has exploded in the past 15 years. It’s now valued at around $2 trillion.
Natasha Sarin, president of the Yale Budget Lab and former Biden administration official, argues that these private credit firms are making risky loans. So risky, that they’ve got her thinking about the 2008 financial crisis.
For sponsor-free episodes of Consider This, sign up for Consider This+ via Apple Podcasts or at plus.npr.org.
This episode was produced by Erika Ryan and Alejandra Marquez Janse, with audio engineering by Andie Huether and Josephine Nyounai. It was edited by Adam Raney and John Ketchum. Our executive producer is Sami Yenigun.
When companies need a loan, traditionally they turn to a bank.
But increasingly they’re turning to financial firms that are not really banks, but do have a lot of cash. This is called the “private credit” market. It has exploded in the past 15 years. It’s now valued at around $2 trillion.
Natasha Sarin, president of the Yale Budget Lab and former Biden administration official, argues that these private credit firms are making risky loans. So risky, that they’ve got her thinking about the 2008 financial crisis.
For sponsor-free episodes of Consider This, sign up for Consider This+ via Apple Podcasts or at plus.npr.org.
This episode was produced by Erika Ryan and Alejandra Marquez Janse, with audio engineering by Andie Huether and Josephine Nyounai. It was edited by Adam Raney and John Ketchum. Our executive producer is Sami Yenigun.
The right-wing governor of Rio state in Brazil has praised Tuesday's controversial anti-gang operation, in which more than a-hundred and thirty people were killed. Claudio Castro said the only victims were the four police officers who died. Two- and- a half thousand police and soldiers took part in the raids against the Red Command. Major gun battles erupted in two Rio favelas in the biggest security operation in the history of Rio state. Brazil's centre-left President Luis Inacio Lula da Silva said he was surprised an operation of this scale was set up without the knowledge of the federal government.
Also in the programme: the Netherlands head to the polls; and a deep dive into presents for US Presidents.
(Photo: Mourners react as people gather around bodies. CREDIT: REUTERS/Ricardo Moraes)
Democrat Maine senatorial candidate Graham Platner claims that he didn’t know he got a Nazi tattoo in 2007 while serving as a U.S. Marine, saying on “Pod Save America” that he was “very inebriated” and “chose a terrifying skull and crossbones off the wall because we were Marines and skulls and crossbones are a pretty standard military thing.”
“The Democrats are in a quandary. The old guard of Chuck Schumer, Nancy Pelosi, are very worried about this young group of more radical, Jacobin, younger people who want to shut down the government …
“The problem that these people have is they are not in the mainstream of American politics. And so, they have said things in their past before they were candidates—sometimes during—that are incompatible with the majority of Americans’ views on what denotes proper behavior and conduct of a politician or an official.
“For example, Mr. Platner in Maine …
“It was the exact replica, facsimile of the Totenkopf, death’s head, emblem of the 3rd SS-Waffen Division in World War II, a division that was made up of former, at least in its 1939-41 inception, former death camp guards and special Einsatzgruppen group killers of Jews,” argues Victor Davis Hanson on today’s edition of “Victor Davis Hanson: In a Few Words.”
