Elon Musk, the visionary entrepreneur behind Tesla, SpaceX, and artificial intelligence startup xAI, has achieved an unprecedented milestone by becoming the first person in history to amass a net worth exceeding $500 billion. This remarkable feat was reported by Forbes’ billionaires index, which noted that Musk’s wealth briefly touched $500.1 billion on Wednesday afternoon, New York time, before settling slightly below the threshold later in the day. Musk’s financial ascent is largely attributed to the soaring valuations of his ventures, particularly Tesla, where he holds a significant 12% stake. Tesla’s shares have surged by over 14% this year, buoyed by investor optimism as Musk shifts his focus back to his companies rather than political engagements. His recent purchase of $1 billion worth of Tesla shares further underscored his confidence in the company’s future. Despite facing stiff competition from rivals like China’s BYD and navigating challenges in the electric vehicle market, Tesla is also pivoting towards artificial intelligence and robotics, signaling a transformative phase for the company. Musk’s wealth eclipses that of Oracle founder Larry Ellison, the world’s second-richest person, whose fortune stands at approximately $350.7 billion. This achievement solidifies Musk’s dominance in the global tech sector and underscores his unparalleled influence in shaping the future of technology and innovation.
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US shutdown will leave a world of hurt even if it ends quickly
The ongoing US government shutdown has placed federal workers in a precarious position, with hundreds of thousands furloughed without pay. This disruption comes at a time when the federal workforce has already seen significant reductions, with over 300,000 jobs lost this year due to the Trump administration’s efforts to streamline government operations. While back pay is guaranteed, the immediate financial strain on employees is undeniable, and the long-term effects on morale and workforce stability are profound.
Research based on the 2013 shutdown reveals that such events have lasting negative impacts. Employees exposed to furloughs were 31% more likely to leave their jobs within a year, leading to a sustained decline in workforce numbers. This exodus forces agencies to rely on costly temporary workers, resulting in measurable declines in critical functions such as payment accuracy, legal enforcement, and patenting activity.
The loss of human capital is particularly pronounced among young, female, and highly educated professionals, who often have more external opportunities. Survey data from the 2018-2019 shutdown confirms that morale, rather than financial loss, drives these departures. Employees report diminished agency, control, and recognition, which significantly increases their likelihood of leaving.
Policy implications are significant. While some argue that shutdowns serve as a necessary reduction in government size, the evidence suggests otherwise. Agencies spend billions more on contractors to fill gaps, and government performance suffers, with inaccurate payments and reduced productivity costing taxpayers hundreds of millions of dollars.
Shutdowns are blunt instruments that demoralize the workforce and erode public trust in government efficiency. As the federal workforce faces another period of uncertainty, the broader implications for government accountability and service delivery remain a pressing concern.
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White House says layoffs ‘imminent’ with no end to shutdown in sight
The United States is bracing for its first government shutdown in nearly seven years, as Republicans and Democrats in Congress remain deadlocked over a new spending plan. The shutdown, which began on Wednesday, has triggered a bitter blame game between the two parties, with mass layoffs of federal workers expected within two days. Vice-President JD Vance, in a rare appearance at a White House briefing, accused Democrats of playing political games, while Press Secretary Karoline Leavitt warned of impending job cuts. Democrats, led by Senate Majority Leader Chuck Schumer, have countered by accusing Republicans of attempting to ‘bully’ them into accepting their funding plan. The impasse centers on healthcare funding, with Democrats seeking guarantees for lower-income Americans, while Republicans advocate for a temporary stop-gap measure to keep the government open until mid-November. Essential workers, such as border agents and the military, may be forced to work without pay, while non-essential employees face temporary unpaid leave. Analysts predict this shutdown could be more severe than the 2018 episode, potentially affecting 750,000 federal workers. As both sides dig in, the economic and social repercussions of the shutdown loom large, with no immediate resolution in sight.
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‘None of us have ever asked for special treatment’ – Female veterans respond to Hegseth
Female US Army veterans are refuting Defense Secretary Pete Hegseth’s assertion that combat role requirements will revert to the ‘highest male standard,’ emphasizing that standards have always been uniform regardless of gender. Speaking to hundreds of generals, Hegseth argued that previous adjustments to accommodate women had compromised military effectiveness and endangered personnel. He vowed to restore higher standards, even if it meant fewer women qualifying for combat roles. However, he clarified that women would not be entirely excluded from the armed forces. This announcement has sparked outrage among female veterans, who insist that combat standards have always been gender-neutral. Elisa Cardnell, a former US Navy officer, stated that assessments for combat roles have never considered gender or age. Combat standards vary by unit—special operations, infantry, armor, or pararescue—but all personnel must pass the same rigorous tests. Cardnell noted that while not all women meet these standards, neither do all men. Hegseth’s remarks have raised concerns about potential sweeping changes to military assessments, though details remain unclear. His critics, including Senator Tammy Duckworth, argue that his stance could harm recruitment and undermine women’s progress in the military. Duckworth, a combat pilot injured in Iraq, accused Hegseth of discrimination, given his own controversial confirmation as Defense Secretary. Despite the backlash, some female veterans and Republican lawmakers, such as Representative Sheri Biggs and Nancy Mace, support Hegseth’s efforts to prioritize excellence over diversity quotas. The debate underscores the ongoing tension between gender inclusivity and military readiness in the US armed forces.
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Four ways this shutdown could end
The United States government has entered a shutdown in 2025, marking the first federal closure in nearly seven years. The crisis unfolded after the Senate failed to pass a spending bill, leaving federal operations severely curtailed. While the shutdown is expected to end eventually, the timeline remains uncertain, with public pressure and political maneuvering likely to play decisive roles in its resolution. Here are four potential scenarios for how the situation might unfold. Senate Democrats rejected a Republican-backed spending bill that would have funded the government until November. However, the vote revealed cracks in Democratic unity, as two Democrats and one independent aligned with the Republican majority. Among them was Catherine Cortez Masto of Nevada, who faces re-election in a state that has been trending Republican. Her vote, driven by concerns over the economic impact of the shutdown on Nevada, highlights the political risks for Democrats in battleground states. Other vulnerable Democrats in Georgia, Virginia, and Colorado may also feel the heat as the shutdown drags on. Republican Senate leader John Thune has signaled plans to hold additional funding votes to maintain pressure on Democrats. If five more Democrats defect, the shutdown could end regardless of the party’s broader stance. Meanwhile, the prolonged closure is already affecting government employees, who face delayed paychecks and potential job losses. The broader public will also feel the impact through reduced government services and economic disruption. Historically, the party seen as triggering the shutdown bears the brunt of public blame. In this case, Democrats may face criticism for their role in the impasse, potentially forcing them to reconsider their strategy. However, the party could find solace in highlighting Republican-backed cuts to health insurance subsidies for low-income Americans, a move that could resonate with voters. Republicans, emboldened by their perceived strength, are exploring ways to intensify pressure on Democrats. Yet, they risk overplaying their hand, as past shutdowns have often backfired on the party initiating them. A potential compromise could involve Republicans extending health insurance subsidies, a move that would benefit their own low-income constituents while defusing Democratic attacks. Despite the current acrimony, there may be room for negotiation. Both parties have engaged in heated rhetoric, with President Trump sharing AI-generated videos mocking opponents and Democrats responding with provocative imagery. The stakes are high, as the 2025 shutdown could surpass the record 35-day closure of 2018-2019, which ended only after air travel faced imminent disruption. This time, the consequences could be even more severe. If the shutdown persists, both parties may face public backlash, leading to electoral losses in the 2026 midterms. Such a scenario could further erode public trust in the political system, paving the way for new leaders promising to dismantle the status quo.
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Chunk of NYC building collapses in possible explosion
A 20-story residential building in the Bronx, New York City, partially collapsed on Wednesday morning, prompting a swift response from emergency services. Fortunately, no injuries were reported, though firefighters and rescue teams spent hours searching through rubble to ensure no one was trapped. Witnesses described hearing a loud explosion before the collapse, with one resident noting that windows shattered as far as the 16th floor of a neighboring building. According to Fire Commissioner Robert Tucker, the incident appears to have originated from an explosion in the boiler room’s ventilation shaft. While no apartments were directly damaged, some residents were evacuated as a precaution, and gas services to the building were shut off pending an investigation. Mayor Eric Adams suggested that a gas leak might have caused the explosion, though utility provider ConEd has yet to comment. The New York City Housing Authority (NYCHA), which manages the building, is assessing the damage and investigating the incident. Public records reveal that the building had multiple open violations, including issues with plumbing and facade safety. This collapse follows a recent fire in the same building that left a teenage girl in critical condition, though she is now recovering. Local officials, including Assembly Member Amanda Septimo, emphasized the need for improved safety measures to prevent future emergencies. ‘We can’t be relying on luck to keep our community safe,’ Septimo stated at a press conference.
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Supreme Court lets Lisa Cook stay at Federal Reserve for now
In a significant legal development, the U.S. Supreme Court has ruled that Lisa Cook can retain her position as a Federal Reserve governor, marking a setback for former President Donald Trump in his ongoing dispute with the central bank. The court, in an unsigned order, rejected Trump’s request to immediately remove Cook and scheduled arguments regarding her dismissal for January. Trump had announced in August his intention to fire Cook over allegations of mortgage fraud, which she has vehemently denied. Cook swiftly filed a lawsuit, arguing that her removal was unlawful and could pave the way for political interference in the traditionally independent Federal Reserve. Historically, no president has attempted to remove a Fed governor, as such actions can only be justified ‘for cause,’ a term that remains undefined in the law. A federal judge had previously placed a stay on her dismissal, a decision now upheld by the Supreme Court. Cook, appointed by President Biden, plays a crucial role on the board that sets the Federal Reserve’s benchmark interest rate. The court’s ruling ensures she will participate in at least two more votes on potential rate cuts. Trump has accused Cook of falsifying a mortgage application prior to her appointment, but she contends that his real motive is her stance on monetary policy. The Federal Reserve recently announced its first rate cut in nearly a year, with Chair Jerome Powell emphasizing that the decision was driven by economic data rather than political pressure. The central bank’s ‘dual mandate’ focuses on controlling inflation and maximizing employment, with mortgage rates largely influenced by Treasury bond yields rather than direct Fed actions. Trump’s persistent criticism of the Fed and his unprecedented move to appoint White House economic adviser Stephen Miran to a temporary board vacancy underscore the ongoing tension between the administration and the central bank.
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Why government shutdowns seem to only happen in the US
The United States has witnessed its 11th government shutdown since 1980, a phenomenon that remains uniquely American. Unlike other nations where governments continue to function even during wars or constitutional crises, the US shutdowns have become a political bargaining tool. This recurring issue stems from the federal system of government, where different branches can be controlled by opposing parties. While the founders intended this structure to foster compromise, it has increasingly led to gridlock. The 1980 reinterpretation of the 1884 Anti-Deficiency Act, which mandates that no budget means no spending, has further entrenched this practice. In contrast, non-parliamentary democracies like Brazil and parliamentary systems in Europe ensure continuity of government services even during budget disputes. The US shutdowns have significant consequences, including unpaid federal workers, halted services, and economic impacts. For instance, the 2018-2019 shutdown, the longest on record, reduced GDP growth by 0.1 percentage points weekly. While essential services like social security and the military continue, other functions like national parks and tax refunds are suspended. Globally, such shutdowns are rare, as seen in Canada and Ireland, where minority governments maintained operations through cooperation. In the US, however, political polarization has made shutdowns a weapon in partisan battles. As Democrats and Republicans continue to clash, the functioning of the government remains at risk, highlighting the need for systemic reform.
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Hunter S Thompson’s death to be reviewed 20 years on
Colorado authorities have initiated a review of the death of iconic journalist and author Hunter S. Thompson, two decades after it was officially ruled a suicide. The request for this re-examination came from Thompson’s widow, prompting the Colorado Bureau of Investigation (CBI) to conduct a ‘case review’ of the original 2005 investigation. The CBI clarified that this review is not based on new evidence but aims to ensure transparency and provide closure to Thompson’s family and the public. Thompson, who passed away at the age of 67 in his Woody Creek, Colorado home, was found dead from a self-inflicted gunshot wound while on the phone with his wife. His son later discovered his body in the kitchen. At the time, the investigation concluded there was no evidence of foul play. Thompson, a literary giant, was best known for his 1971 novel *Fear and Loathing in Las Vegas*, a seminal work that captured the counterculture of the 1960s and was later adapted into a film starring Johnny Depp. His other notable works include *Hells Angels* and *Generation of Swine*. Colorado Sheriff Michael Buglione emphasized Thompson’s ‘profound impact’ on his community and beyond, underscoring the importance of this review. Officials have not set a timeline for the investigation but have pledged to provide updates upon its completion.
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Brown bear heavyweight Chunk wins Fat Bear Week despite injury
In a remarkable display of resilience, a 500kg brown bear named Chunk has emerged victorious in Fat Bear Week 2025, overcoming a broken jaw to claim the title. The annual competition, held at Alaska’s Katmai National Park and Preserve, invites voters from around the world to select the bear that best embodies ‘fatness and success’ as they prepare for winter hibernation. Chunk’s triumph was celebrated by park rangers and fans alike, who were inspired by his ability to adapt and thrive despite his injury. Park ranger Naomi Boak remarked, ‘He reminded us how resilient bears are and how they have the ability to recover from injury and hardship.’ Chunk’s journey to victory was closely followed by voters from over 100 countries, who watched live web streams of the bears at Katmai’s Brooks River. One voter, Amy Hall, shared her admiration for Chunk on an explore.org livestream, calling him an ‘inspiration’ for his ability to heal and adapt. Chunk’s profile on the Fat Bear Week website revealed that he sustained the injury during mating season, likely from a fight with another bear. Despite this setback, he managed to outpace his rival, a massive bear known as 856, by over 30,000 votes. The competition, which began as a small event in 2014, has since grown into a global phenomenon, drawing attention to the lives and challenges of these majestic creatures.
