World Bank warns on developing nations' debt
The $741 billion shortfall is a result of high borrowing costs, with interest payments hitting a record high last year.
The $741 billion shortfall is a result of high borrowing costs, with interest payments hitting a record high last year.
Worth more than $5 million, the Chew Valley Hoard was discovered by a band of metal detectorists.
Well, it’s official: Chi Ossé, the promising young socialist member of the New York City Council, will not be challenging Representative Hakeem Jeffries in the 2026 Democratic primary. Ossé had filed paperwork to run for the House, saying the “dire situation” brought on by a hapless Democratic leadership made the move necessary. But when the issue came up for a vote at a recent candidate forum for the Democratic Socialists of America, mayor-elect Zohran Mamdani personally intervened to warn against challenging Jeffries. Representative Alexandria Ocasio-Cortez weighed in too, saying a challenge would not be “a good thing right now.” As a result, Ossé’s supporters narrowly lost the forum vote, 626 to 555. For his part, Ossé says he’ll respect the result, telling the New York Daily News that “I have no intention of running this race without the support of NYC-DSA, of which I am proud to be a member.”
The editorial board at Jeff Bezos’s newspaper railed against a wealth tax without noting the Amazon founder stands to benefit from its tax policy prescriptions.