Anna's Daybreak News

Happy hump days news friends! Buckle up, because we're about to blitz through the news and keep you informed like never before! 📰⚡

• Fitch Ratings recently downgraded the US’s long-term foreign currency debt rating from AAA to AA+.


• This downgrade was prompted by the country's ballooning fiscal deficits and an “erosion of governance” that has led to repeated debt limit clashes.


• Tax cuts, spending initiatives, economic shocks, and rising entitlement costs have all contributed to the fiscal deficit issue.


• The US was stripped of its top-tier sovereign credit grade due to ballooning fiscal deficits.


• Medium-term challenges related to rising entitlement costs remain largely unaddressed.


• The downgrade comes two months after the resolution of the debt ceiling crisis, with the White House and Treasury Secretary Janet Yellen expressing strong disagreement over the downgrade.


• The move shows the lasting repercussions of the debt standoff, and is seen as a dent to the U.S. reputation and standing. But investors and analysts say the impact will be limited.


• Countries with the highest credit rating at S&P Global Ratings, Fitch and Moody’s Investors Service include Germany, Denmark, Netherlands, Sweden, Norway, Switzerland, Luxembourg, Singapore and Australia.


• The US is now in the habit of living beyond its means, with no sign of ever stopping. It's official: America has a credit score, and it's not looking good
Source: Read More

• Former President Donald Trump has been indicted on federal charges over his efforts to overturn the 2020 presidential election.


• The four-count, 45-page indictment charges Republican Trump with conspiring to defraud the U.S. and prevent Congress from certifying Joe Biden's victory.


• Trump pushed fraud claims he knew to be untrue, pressured state and federal officials, and incited a violent assault on the U.S. Capitol in a desperate attempt to stay in power.


• In a statement, the Trump campaign said he had always followed the law and characterized the indictment as a "persecution" reminiscent of Nazi Germany.


• The indictment includes charges of conspiracy to defraud the US, conspiracy to obstruct an official proceeding, obstruction of and attempt to obstruct an official proceeding, and conspiracy against the right to vote and have that vote counted.


• The Justice Department described the indictment as “Treason-Lite” with Trump summoned to appear in court on August 3.


• The charge sheet is roughly as thick as the former president’s hairline. Will the man who “can’t lose” be able to beat the rap?
Source: Read More

• From building apartments for new employees to offering retired workers free canteen meals to share their expertise, Central Europe's arms manufacturers are scrambling to keep up with the biggest boom since the end of the Cold War.


• The Ukraine war has driven a spike in demand for their productions.


• Czech and Poland boast among the lowest unemployment rates in the European Union, leaving a lack of workers to help meet the new demand.


• Aging innovation and technical skills are expected to impede further growth of the arms industry.


• As always, it seems that the only winners in a war are the weapons manufacturers
Source: Read More

• The Defense Ministry in Taipei found evidence that military personnel, including a lieutenant colonel, gave confidential information to representatives of the Chinese Communist Party.


• Taiwan identifies China's spying as a "serious threat" to their security.


• Suspects reportedly served in aviation and special forces units.


• The search continues for more information about the breach, but one thing is for sure: espionage IS coming for Taiwan, and it's coming for them fast
Source : Read More

Baked with love,

Anna Eisenberg ❤️