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December 2nd Qingqiao Morning Post | US Federal Government Debt Exceeds $35 Trillion
Release time:2024-12-02 Source: Qingqiao Number of views:
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The stones from other mountains can be used to attack jade
Today in history:95 years ago today, Chinese archaeologist Pei Wenzhong excavated the first complete skull fossil in the Longgu Mountain cave in Zhoukoudian, shocking the international academic community. Zhoukoudian Longgu Mountain is the richest ancient human site discovered in China, and also the site with the most excavated ancient human remains and relics in the world. It provides valuable information for studying the physical form, labor, and living conditions of ancient Beijing people.
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Politics
01Three suspects suspected of murdering Israeli rabbi arrested in UAE

According to reports from Agence France Presse and Reuters, on November 24th, the UAE Ministry of Interior issued a statement stating that it had arrested three suspects involved in the murder of Israeli rabbi Kogan at a record breaking speed. The statement did not disclose detailed information about the three individuals, nor did it specify whether they have been charged. The authorities emphasized that they will use all legal powers and take decisive responses to any actions or attempts that threaten social stability.


It is reported that,28 year old Kogan also holds Moldovan citizenship and worked for an Orthodox Jewish organization called Habad in the United Arab Emirates before his death. Rabbi is the title given by Jewish law to qualified religious teachers. Previously, Kogan went missing in Dubai. The office of Israeli Prime Minister Netanyahu and the Ministry of Foreign Affairs issued a joint statement stating that the murder of Kogan is a "heinous act of anti Semitic terrorism" and that Israel will do its utmost to ensure justice is upheld.

02Former Philippine President Duterte calls on the military to correct the government's divisive governance

Manila News: Recently, following the assassination threat made by Philippine Vice President Sarah to President Marcos, her father and former President Duterte also fired shots at Marcos, urging the military to uphold the constitution and correct the so-called "divisive governance".


Duterte asked how long the military would continue to support a drug addicted president, but he did not call for the establishment of a military government, only stating that the military did not need to launch a coup and could simply withdraw from the government. Duterte as early as this yearIn a speech in January, he criticized Little Marcus as a drug addict and even suggested the possibility of dismissing him. The next day, Marcos also fiercely criticized Duterte's judgment for being affected by fentanyl.


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military
01North Korea cuts off South Korea's transmission towers and wires to North Korea

According to Yonhap News Agency, recently, the South Korean military discovered that the North Korean militarycut offI got itTransmission towers and wires near the Jingyi HighwaySouth Korean military analysis suggests that this move may be part of North Korea's power transmission tower dismantling operation. There are a total of 48 transmission towers on the Jingyi Highway from Wenshan Township in Poju City, South Korea to the Heping Substation in Kaesong Park, North Korea, including 15 on the North Korean side.


It is reported that,These transmission equipment installed by the Korea Electric Power CorporationConnected and powered on in December 2006, from which the South Korean side supplied power to the Kaesong Industrial ParkBut the North Korean sideIn January 2016, a nuclear test was conducted, and the South Korean side cut off power supply from February of the same year. Afterwards, with the development of inter Korean relationsofModeration, partially restored by the South Korean sideI got itPower supply, butIn June 2020, the North Korean side unilaterally bombed the South Korean liaison office, and the South Korean side has been cutting off supplies again until now.


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Economics

01The size of the US federal government debt has exceeded $35 trillion

According to Xinhua News Agency, the latest data released by the US Treasury Department shows that the total federal government debt in the United States has reached a historical high of $36.035 trillion. It is reported that in recent years, the size of the US federal government debt has rapidly expanded. In September 2023, the federal government debt exceeded the $33 trillion mark. From early January to the end of July this year, the federal government debt increased from $34 trillion to $35 trillion. In just over three months, the federal government debt increased by another $1 trillion.


The Chairman of the Federal Budget Accountability Committee, Maiginias, stated in a statement that the continuously rising federal government debt poses serious domestic economic and geopolitical risks, dragging down the development of the US economy, leading to rising inflation and interest rates, further squeezing the federal budget space.

02Jiti Cat's stock experienced its largest decline in 10 years

Bloomberg reported that recently, the stock price of Sanrio, the parent company of the Kitti Cat brand, experienced its largest decline since May 2014, with a drop of 17%. This was due to the group's previous statement that some shareholders, including the company's president, would sell their shares through the public market.


It is reported that since the beginning of this year, thanks to the successful development of cartoon characters and the growth of Japanese inbound tourists, Sanrio's stock price has doubled. A well-known economist analyzed that the sale of the company's shares was expected, butDue to insufficient investor preparation, the valuation of this stock is relatively high, making it susceptible to the impact of shareholding termination. Investors are advised to treat it with caution.


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security

01Thailand sends 963 smuggled lemurs and tortoises back to Madagascar

According to Agence France Presse, on November 27th, Thailand's Minister of Natural Resources and Environment announced that authorities will repatriate 963 smuggled animals seized, including ring tailed lemurs, brown lemurs, spider turtles, and radiation turtles. It is reported that the four animals mentioned above are endemic to Madagascar and belong to endangered species under the Convention on International Trade in Endangered Species of Wild Fauna and Flora. Madagascar's Minister of Environment, Fontaine, said that these animals will be sent to special conservation centers upon their return to Madagascar.


It is reported that Thailand is a major transit point for wildlife smugglers, and these rare and endangered animals are often smuggled into the black markets of countries such as China and Vietnam for huge profits. This is the largest ever crackdown on wildlife smuggling in Thailand.


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Culture
01Japan has developed a new type of thermal storage material

According to Xinhua News Agency, recently, Japanese researchers have developed new heat storage materials based on the macromolecule crowding environment in the cytoplasm of living organisms whose main component is water. The raw material is a thermosensitive polymer gel with water as the main component. In the experiment, the new material can achieve a heat storage density of up to 562 kilojoules per liter when storing heat below 60 degrees Celsius. At the same time, with the help of the synthesis reaction control technology developed by Tokyo University of Science, the research team realized the homogenization of the thermosensitive polymer gel, and a large number of this gel also achieved the same heat storage density as the experiment.


The research team's bulletin states that this new material can store low-temperature heat at a storage density that is more than twice that of existing materials, which will help achieve the recovery and reuse of low-temperature waste heat and be applied to energy-saving and decarbonization society construction.







Financial Newsletter
According to Caixin News Agency, recently, the Russian ruble fell more than 8.5% against the US dollar and fell below 110 rubles per US dollar.


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