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America First News
27 May 2023
#politics
The Epoch Times: IMF Warns of Prolonged High Interest Rates, Urges Fiscal Tightening to Tackle Inflation
IMF recommends higher interest rates and stricter fiscal measures in the US to curb inflation and address the country's mounting federal debt. Although the US economy has shown resilience, inflation has proved more persistent than initially anticipated, and the IMF anticipates that the federal funds rate will reach its peak this year and may need to get even tighter.
IMF Managing Director Kristalina Georgieva stressed the need for the US government to address its deficits, particularly by implementing higher tax revenues in a May 26 press conference. She warned against the dire consequences of a catastrophic default that would further disrupt the global economy and appealed to US lawmakers to devise an alternative approach to managing debt.
#economy
The Epoch Times: International Securities Watchdog Proposes First Set of Rules for Crypto Sector
The International Organization of Securities Commissions (IOSCO) has proposed 18 policy recommendations for regulating cryptocurrency-based assets and digital markets to promote a consistent approach amid different jurisdictions. The organization aims to incorporate mainstream market safeguards to prevent conflicts of interest in crypto transactions and create a level playing field for the industry. Such regulations include covering market manipulation, custody of crypto assets, operational risks, and cross-border regulatory cooperation. The announcement follows the European Parliament's recent introduction of new crypto regulations that require lenders and exchanges dealing in digital assets to obtain a license to operate on the continent.
#culture
Flag And Cross: Nuestro Studios Premieres With Slate Of Bold Original Films And Podcast Productions
Nuestro Stories has launched Nuestro Studios, which will produce premium branded content, original films, series, documentaries and podcasts focused on U.S. Latino heritage. The company's first production is three original films, including Bistec: A Dissident’s Tale, which tells the story of Cuba’s most prominent dissident, and the serial podcast Fantastic Fails, which showcases entrepreneurs’ biggest business ideas that failed, and the lessons learned. The approach will depend on commercial-friendly content initially, with an emphasis on marketing and distribution.
#crime
Fox News: Georgia father convicted of attempted rape of underage daughter
A man in Georgia was sentenced to 40 years in prison for sexually assaulting his underage daughter. Pierre Lang, 47, was found guilty of criminal attempt to commit rape, aggravated sexual battery, aggravated sodomy, and incest. Lang stopped the abuse only after the girl told him she was tired, and the girl grabbed her cell phone to take a photo of his naked body before running out of the house to call law enforcement.
Fox News: Uvalde School Shooting: One year later
One year after the shooting at Robb Elementary School in Uvalde, Texas, the school remains closed and serves as a memorial for the 21 victims. The police response is still being investigated, with reports citing "system failures and egregious poor decision-making." No criminal charges have been made, but parents continue to fight for justice while grieving their losses.
#sports
The Epoch Times: Tour Rookie Hall up 3 Despite English Ace at Colonial, 'Block' Party Over
PGA Tour rookie Harry Hall maintains the lead through 36 holes at Colonial Country Club in Fort Worth, Texas, shooting a 12-under 128. Harris English followed his birdie in the first round with a hole-in-one on the par-three eighth hole, but remains three strokes behind Hall. Emiliano Grillo shot a round-best 65 to get to eight under and Adam Schnek, Byeong Hun An, and Robby Shelton were tied for fourth. Jordan Spieth missed the cut with a sore left wrist. Michael Block, who tied for 15th in the PGA Championship at Oak Hill, finished last in the Colonial field at 15-over 155.