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America One News
7 Dec 2024
#economy
Le Monde: 'The next trade wars launched by Donald Trump are going to be much more serious'
Raghuram Rajan, former chief economist of the IMF and governor of India's central bank, argues that Western nations overestimate the impact of protecting industries on employment. He suggests indebted countries should consider defaulting rather than compromising education and health spending.
Rajan also highlights that job losses in developed countries stem from technological advancements and the shift to capital-intensive industries. He warns that potential trade wars under Trump could harm global economies, particularly affecting luxury brands and developing nations reliant on Chinese demand.
#military
GB News: EXCLUSIVE: Britain facing 'war of national survival', warns ex-RAF chief as Putin prepares to hit weak spot
Britain faces a "war of national survival," according to Air Vice-Marshal Sean Bell, as Russia makes significant territorial gains in Ukraine. He warns that the UK is unprepared for potential conflict, attributing this vulnerability to decades of reduced military spending following the Cold War.
The UK's defense capabilities are reportedly thin, with a significant reduction in personnel and resources over the years. While the government plans to increase military spending to 2.5% of GDP by 2030, experts express concern that current forces may only sustain operations for a limited time in a large-scale conflict.
#culture
Fox News: Notre Dame rises from the ashes as a symbol of hope
President-elect Donald J. Trump will attend the reopening of Notre Dame Cathedral on December 7, 2024, marking his first foreign trip since winning the 2024 election. The cathedral, which was severely damaged in a 2019 fire, has undergone extensive restoration, costing approximately $737 million, supported by 340,000 donors.
The reopening ceremony will include a blessing of the grand organ and a solemn service led by Archbishop Laurent Ulrich. While Pope Francis will not attend, he previously acknowledged the event's significance. Celebrations will continue for a year, inviting public participation.