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A super app called X? A bot-free free speech haven? These are some of Elon Musk’s mysterious plans for Twitter, now that he may be moving toward buying the company after all. After months of squabbling over the fate of their bombshell $44 billion deal, the billionaire and the bird app are essentially back to square one — if a bit worse for wear as trust and goodwill has seemed to erode on both sides.
Workers at the Zaporizhzhia Nuclear Power Plant are recounting fears of being abducted and tortured or killed by Russian forces who seized control of the facility and the city of Enerhodar. Ukrainian officials say the Russians sought to intimidate the staff into keeping Europe's largest nuclear plant running, through beatings and other abuse. but also punish those who express support for Kyiv. The head of Ukraine's state nuclear company says that among those seized was the plant's director, who was abducted Friday on his way home from work and released Monday after being forced to make false statements on camera.
An encore broadcast of the award-winning documentary on PBS SoCal during Los Angeles' historic 2022 mayor's race and the onset of the mid-term…
Florida’s home insurance market was already on shaky ground. It now faces an even mightier struggle after the damage caused by Hurricane Ian. Wind and storm-surge losses from the hurricane could reach between $28 billion and $47 billion, making Ian Florida’s costliest storm since Hurricane Andrew made landfall in 1992, according to one property analytics firm. The storm destroyed a record number of homes in Florida, the firm said. The wreckage comes at a time when Florida’s home insurance market was already dealing with billions of dollars in losses and ever-increasing costs from a string of natural disasters, rampant litigation and increasing fraud.
Leaders from around Europe are converging on the Czech capital, Prague, to launch a new “European Political Community.” The aim, the European Union says, is to boost security and economic prosperity across the continent. But critics claim the new forum is an attempt to put the brakes on EU enlargement by creating a waiting room for would-be members. Thursday's one-day meeting is the brainchild of French President Emmanuel Macron. It's backed by German Chancellor Olaf Scholz. It involves leaders from up to 44 countries, including the EU 27, aspiring partners in the Balkans and Eastern Europe, plus neighbors like Britain and Turkey. The proof of its worth will be known if a second summit is called.
President Joe Biden is working to create a manufacturing revival. He's even helping to put factory jobs in Republican territory under the belief it can help restore faith in U.S. democracy. The latest development came Tuesday, when chipmaker Micron announced an investment of up to $100 billion over the next 20-plus years to build a plant in upstate New York that could create 9,000 factory jobs. It’s a commitment made in a GOP congressional district that Biden and the company credited to the recently enacted $280 billion CHIPS and Science Act. Biden's goal is to keep opening new factories in states where Democrats’ footholds are shaky at best.
The tumultuous saga of Elon Musk’s on-again off-again purchase of Twitter has taken a turn toward a conclusion. The mercurial Tesla CEO proposed to buy the company at the originally agreed-on price of $44 billion. Musk made the proposal in a letter to Twitter that the company disclosed in a filing Tuesday with the U.S. Securities and Exchange Commission. It comes less than two weeks before a trial between the two parties is scheduled to start in Delaware. In a statement, Twitter said it intends to close the deal at $54.20 per share. Trading in Twitter’s stock had been halted for much of the day pending release of the news. It resumed trading late Tuesday and soared 22% to close at $52.
The nation’s gross national debt has surpassed $31 trillion, according to a U.S. Treasury report released Tuesday. It is edging closer to the statutory ceiling of roughly $31.4 trillion, an artificial cap Congress placed on the U.S. government’s ability to borrow. The debt numbers hit an already tenuous economy facing high inflation, rising interest rates and a strong U.S. dollar. President Joe Biden has touted his administration’s deficit reduction efforts this year and has recently signed the so-called Inflation Reduction Act, which attempts to tame 40-year high price increases caused by a variety of economic factors. But economists say the latest debt numbers are a cause for concern.