Israel, Hezbollah Exchange Fire In Major Escalation

Newsletter Aug 26, 2024

Quick Six

Israel, Hezbollah trade fire as war in Middle East escalates
Israel and Hezbollah exchanged heavy fire across the Lebanese border Sunday, killing four combatants before they stopped one of their biggest clashes of the past 10 months. Both sides said they aimed only at military targets, with Israel's armed forces saying a navy officer was killed in combat and two other service members were wounded. Two Hezbollah fighters and a militant from an allied group were also killed. Israel said about 100 of its jets attacked 40 sites in Lebanon in a series of preemptive strikes.
WHY THE US IS LOSING THE FIGHT TO STOP ESCALATION

Biden's looming exit raises questions about antitrust policies
President Joe Biden's skeptical approach to corporate mergers has been a hallmark of his administration's business policy — a stance generally expected to ease if Donald Trump returns to the White House. But with the clock ticking on Biden's tenure, the antitrust and deal-making universes have begun to ponder what will come next as voters weigh the candidacies and policies of Vice President Kamala Harris and former president Donald Trump.
WHAT ANALYSTS SAY ABOUT THE FUTURE OF ANTITRUST

US national debt a 'ticking bomb' on global economy: Swiss
America's soaring national debt is a ticking "time bomb" that threatens global financial stability, Swiss Finance Minister Karin Keller-Sutter said. The US national debt is over $35.2 trillion, with a recent spike triggered by the COVID-19 pandemic. Earlier this month, the Committee for a Responsible Federal Budget said the US government had borrowed $1.6 trillion over the past year.
US IS 'SLEEP-BORROWING $5 BILLION A DAY': SWISS FM

TME Education

TME Education is a programme that aims to promote and popularize electronics and technology-related knowledge around the world, especially in regions, where the access to proper training is limited. The initiative was launched by Transfer Multisort Elektronik, one of the leading global distributors of electronic components, located in Poland.

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San Francisco to Elon Musk: 'Good riddance'

San Francisco officials are giving Elon Musk and his companies the kind of rude kiss-off he's known for: "Good riddance!" The miffed Musk has announced he's packing up and taking X headquarters from San Francisco off to Austin, Texas, and moving SpaceX from Hawthorne, California, to the Longhorn State. Musk is quitting the state in a snit, he says, over a new California law that prohibits schools from notifying parents if their children expresses a desire to change their gender identity. Musk cited the gender identity law as the state's "final straw."

WHAT CALIFORNIA LEADERS ARE SAYING ABOUT MUSK'S EXIT

Putin played on Trump's ego, ex-aide claims

Donald Trump was determined during his presidency to cozy up to counterpart Vladimir Putin despite Russia's interference in US democracy and objections by advisers, a former top aide claims in a new book. The new behind-the-scenes details from H.R. McMaster, Trump's second national security adviser, come as Americans are set to decide whether the former president should return to the White House and as US officials warn of fresh foreign election meddling.

McMASTER WRITES ABOUT ODD TRUMP-PUTIN RELATIONSHIP

Boeing's Starliner faces series of setbacks

The decision to transfer the crew of Boeing's Starliner to a SpaceX mission after the spacecraft malfunctioned is just the latest twist in a long saga that has undermined the US aerospace giant. The setbacks and delays on Starliner's journey to transport a crew to the International Space Station -- and its inability to bring them back home -- is just the latest in a company plagued by a series of disappointing setbacks.

SEE THE LONG-RUNNING RIVALRY BETWEEN BOEING, SPACEX

Extra point

When was Boeing founded? What was the company's original purview?

Friday's answer: After leading a USA Today poll for a decade, Chick-fil-A fell to third place last month behind Del Taco and KFC, respectively.

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