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Oct 21, 2025 - World

A Donald Trump proposal to bail out struggling Argentina with a $40 billion loan is bumping up against economic reality with banks being asked to provide half of the amount demanding collateral or federal assurances.According to a report from the Wall Street Journal, financial institutions, including JPMorgan Chase, Bank of America and Goldman Sachs, are “struggling” to come up with a loan they would feel comfortable with. With Trump pushing to assist Argentine President Javier Milei’s government, the plan was to create a financial package made up of a “$20 billion currency swap with the U.S. Treasury Department and a separate $20 billion bank-led debt facility,” the Journal is reporting.According to the report, it is turning out to be far easier to make the proposal than it is to make it a reality.“While banks normally arrange these types of rescue facilities on their own, Treasury has been controlling the broader package and banks feel they can’t act without backing from Washington, some of the people said," the Journal reported."The loan facility hasn’t been finalized and might not come together if the banks’ collateral question isn’t resolved, they said. U.S. banks haven’t been lending to Argentina, and the country has been shut out of the international capital markets for years.”The report adds that Argentina has already been the recipient of 20 bailouts from the International Monetary Fund (IMF) since the 1950s — and that has bankers nervous.There is also a risk to the U.S Treasury which would “swap $20 billion for a roughly equivalent amount of Argentine pesos,” which are rapidly depreciating.According to Brad Setser, a former deputy assistant Treasury secretary for the Obama administration, ”The risks from these operations are unusually large. Should the peso depreciate, which many think is not only likely but necessary, the Treasury would be left holding assets that have fallen in value.”

Oct 20, 2025 - World

President Donald Trump insulted Australian Ambassador to the U.S. Kevin Rudd to his face during a meeting with the country's Prime Minister Anthony Albanese.During a Monday appearance with Albanese at the White House, a reporter asked Trump if he was concerned with "things the ambassador said about you in the past.""I don't know anything about him," Trump said of Rudd, who was sitting across the table from him. "I mean, if you said bad, then maybe he'll like to apologize. I really don't know.""Did an ambassador say something bad of me?" the U.S. president asked Albanese. "Don't tell me. Where is he? Is he still working for you?""Yeah, yeah," Rudd volunteered."You said bad?" Trump asked."Before I took this position, Mr. President," the ambassador replied."I don't like you either," Trump fumed. "I don't, and I probably never will."Rudd, himself a former Australian Prime Minister, has been a vocal critic of Donald Trump, describing him as a threat to democratic institutions.

Oct 20, 2025 - World

Donald Trump’s boast that he has used his influence to convince India to stop buying oil from Russia was ridiculed on MSNBC on Monday as a big deal about a topic of little importance at the moment.Incorporating both his trade war with his attempts to get Russia to end its war on Ukraine, the president boasted, “I spoke with Prime Minister [Narendra] Modi of India, and he said he's not going to be doing the Russian oil thing.”Appearing on “Morning Joe,“ Yale School of Management Professor Jeffrey Sonnenfeld, a former adviser to Trump as wall as Presidents Joe Biden, Bill Clinton and George H.W. Bush, claimed oil prices are nothing special at the moment — and that Russian President Vladamir Putin is likely not interested in selling right now.Speaking with the hosts, Sonnenfeld said that Trump was using the announcement to cover for his administration’s bumbling.“Frankly, what's happening with India, finally, is that Trump's providing a cover basically for failure, getting trade talks with India” he remarked“India says, ‘Oh, we're going to stop buying Russian oil.’ Who cares? Who cares?” he exclaimed. “Russian oil, and the price was called Urals oil is the same price right now as WTI [West Texas Intermediate}, the rest of the world's oil. They're not making any sacrifice.”“It's they're acting like they're giving something up and in fact, Putin would like to produce less oil because it's so cheap right now. He's not making money on it,” he pointed out. - YouTube youtu.be

Oct 19, 2025 - World

The shaky Gaza ceasefire further frayed on Sunday as Israel launched at least 20 airstrikes and blocked all aid delivery in the obliterated Palestinian exclave, while Hamas rejected US allegations that it is preparing to violate the tenuous truce.The Israel Defense Forces (IDF) said in a statement that it has “now begun a wave of strikes” in southern Gaza “following a blatant violation of the ceasefire agreement earlier today” by Hamas, whose fighters are accused of killing two Israeli occupation troops and wounding three others in Rafah on Sunday morning.Gaza officials said that at least 51 Palestinians, including numerous children, were killed across the strip on Sunday. Attacks include but are not limited to a double-tap drone and missile strike on a café west of Deir al-Balah that killed five people, all of them reportedly civilians; an airstrike on a the al-Bureij refugee camp that killed four civilians; an airstrike on the Sardi school that killed four displaced civilians; artillery shelling that killed six civilians on al-Zawaida Beach; and the bombing of a building housing journalists in al-Zawaida that killed two civilians.The US State Department on Saturday accused Hamas of planning an attack on Palestinian civilians in Gaza “in grave violation of the ceasefire.” Hamas has been battling Israeli-backed criminal gangs that oppose its longtime rule of Gaza.In a statement Sunday, Hamas slammed the US allegations as lies that “fully align with the misleading Israeli propaganda and provide cover for the continuation of the occupation’s crimes and organized aggression” against Palestinians.Hamas urged the US to “stop repeating the occupation’s misleading narrative and to focus on curbing its repeated violations of the ceasefire agreement.”According to the Gaza Government Media Office, Israel has violated the nine-day ceasefire at least 48 times, including by bombing residential areas and killing civilians approaching the so-called “yellow line” beyond which Israeli forces withdrew in accordance with the truce.Scores of Palestinians have been killed by Israeli bombs and bullets since the ceasefire took effect on October 10.On Friday, Israeli forces massacred 11 members of a Palestinian family attempting to return by bus to their home in Gaza City.In response to what it said were Hamas ceasefire violations, Israel on Sunday closed off crossing points into Gaza, blocking the entry of desperately needed humanitarian aid into the strip, where famine conditions persist due to the siege imposed by Israeli Prime Minister Benjamin Netanyahu and former Defense Minister Yoav Gallant—who are both fugitives from the International Criminal Court—at the start of the genocidal war two years ago.Amjad Al-Shawwa, who heads the Network of Civil Society Organizations in Gaza, warned Sunday that hundreds of thousands of Palestinians, especially pregnant women and children, are suffering severe malnutrition. At least hundreds of Gazans have died of malnutrition and related causes.A senior Egyptian official who spoke on condition of anonymity told The Guardian that “round-the-clock” talks were under way to salvage the ceasefire.Responding to the renewed Israeli bombing, the Council on American-Islamic Relations (CAIR) said: “Since the start of the ceasefire, the Netanyahu regime has been itching to fully restart the genocide in Gaza.”:The cruel and unnecessary mass bombing of civilians across Gaza constitutes a blatant violation of President [Donald] Trump’s ceasefire agreement and a resumption of the genocide,“ CAIR added. ”President Trump must rein in the Israeli occupation forces and stop sending American weapons and American taxpayer dollars to fund Israel’s war machine.“

Sep 20, 2024 - World

The Brazilian “King of Football” had been treated for colon cancer since 2021.View Entire Post ›