A US default would cause a systemic financial crisis, destabilize the global economy
While the Biden administration is playing chicken with Republicans in an apparent bid to twist their arm into raising the debt ceiling without any budget cuts, bigger trouble is brewing for the US economy, according to Swiss economist Sergio Rossi: "The US is on the verge of a new systemic financial crisis, owing to a series of factors in their own national economy as well as in the global economy."
Read the expert analysis on Sputnik's website
While the Biden administration is playing chicken with Republicans in an apparent bid to twist their arm into raising the debt ceiling without any budget cuts, bigger trouble is brewing for the US economy, according to Swiss economist Sergio Rossi: "The US is on the verge of a new systemic financial crisis, owing to a series of factors in their own national economy as well as in the global economy."
Read the expert analysis on Sputnik's website
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President Biden has reluctantly agreed to hold discussions on the debt ceiling with top GOP lawmakers on May 9
House Republicans passed a bill to raise the debt limit by $1.5 trillion, cut spending levels for most recent federal programs, and repeal some of Biden's legislative initiatives. Democrats, including Biden, have been insisting on a clean debt ceiling increase and threatened to veto the GOP measure. However, a group of Democratic representatives sent a letter to Biden and House Speaker McCarthy urging them to work out a bipartisan solution, causing divisions within the Democratic Party.
Treasury Secretary Janet Yellen has warned that the US government could run out of cash to pay its bills in just four weeks without additional borrowing.
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House Republicans passed a bill to raise the debt limit by $1.5 trillion, cut spending levels for most recent federal programs, and repeal some of Biden's legislative initiatives. Democrats, including Biden, have been insisting on a clean debt ceiling increase and threatened to veto the GOP measure. However, a group of Democratic representatives sent a letter to Biden and House Speaker McCarthy urging them to work out a bipartisan solution, causing divisions within the Democratic Party.
Treasury Secretary Janet Yellen has warned that the US government could run out of cash to pay its bills in just four weeks without additional borrowing.
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Strike, they wrote: Hollywood screenwriters stage first walkout for 15 years
Nearly 98% of voting members of the Writers Guild of America, consisting of approximately 9,000 screenwriters, are set to stage a walkout due to salary and working condition disputes with Netflix and Disney.
Despite reaching almost $500 million in payments to writers in 2021, the writers argue that this amount is insufficient compared to the profits streaming giants earn. Talks between the union and the studios proved futile, leading to the strike.
The strike is expected to have a significant impact on Hollywood, delaying autumn releases. The last screenwriters' strike occurred in 2007 and lasted over three months, costing the local economy over $2 billion.
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Nearly 98% of voting members of the Writers Guild of America, consisting of approximately 9,000 screenwriters, are set to stage a walkout due to salary and working condition disputes with Netflix and Disney.
Despite reaching almost $500 million in payments to writers in 2021, the writers argue that this amount is insufficient compared to the profits streaming giants earn. Talks between the union and the studios proved futile, leading to the strike.
The strike is expected to have a significant impact on Hollywood, delaying autumn releases. The last screenwriters' strike occurred in 2007 and lasted over three months, costing the local economy over $2 billion.
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🤖 Geoffrey Hinton – the US computer scientist often called the "AI Godfather" – left his position in tech giant Google to warn society about the threat AI poses to humanity. Sputnik decided to interview ChatGPT neural network about the potential dangers of AI. This is how it answered.
How do chatbots operate? What threats does ChatGPT pose? What are the potential solutions?
How do chatbots operate? What threats does ChatGPT pose? What are the potential solutions?
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Touch wood: world's first timber transistor conducts electricity
Researchers at Linkoping University and the Royal Institute of Technology in Sweden have developed the world's first transistor made of wood. The transistor was created from balsa wood, with the lignin removed, leaving long cellulose fibers with channels that were then coated with a conducting polymer. While slow and clumsy, the wooden transistor works and has great development potential for organic and wood-based electronics, and could lead to control of electronic plants.
Previous attempts to make wood-based transistors only regulated ion flux and stopped working when the ions ran out. The wooden transistor created by the researchers can function continuously at a selected output signal level, and while it can turn the power on and off, it does so quite slowly.
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Researchers at Linkoping University and the Royal Institute of Technology in Sweden have developed the world's first transistor made of wood. The transistor was created from balsa wood, with the lignin removed, leaving long cellulose fibers with channels that were then coated with a conducting polymer. While slow and clumsy, the wooden transistor works and has great development potential for organic and wood-based electronics, and could lead to control of electronic plants.
Previous attempts to make wood-based transistors only regulated ion flux and stopped working when the ions ran out. The wooden transistor created by the researchers can function continuously at a selected output signal level, and while it can turn the power on and off, it does so quite slowly.
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'Godfather of AI' quits Google, warns thinking machines pose danger to humanity
Geoffrey Hinton has left his position at Google and expressed concerns about the future progress of neural networks. He fears that soon AI will become completely self-sustainable and autonomous from humans, posing profound risks to society and humanity.
His unique combination of skills in cognitive psychology and computer sciences led to the development of the idea of neural network in 1972, which has become the foundation for current cutting-edge AI technologies.
Hinton's neural network is a self-learning mathematical model that analyzes new information and shares knowledge instantly among robots, forming a hive mind.
He worries about the intention of bad actors using AI for personal gain, referencing politicians. Despite his anxieties, Hinton's ideas have revolutionized the AI industry, with his neural network being used by Google in the development of ChatGPT and Google Bard.
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Geoffrey Hinton has left his position at Google and expressed concerns about the future progress of neural networks. He fears that soon AI will become completely self-sustainable and autonomous from humans, posing profound risks to society and humanity.
His unique combination of skills in cognitive psychology and computer sciences led to the development of the idea of neural network in 1972, which has become the foundation for current cutting-edge AI technologies.
Hinton's neural network is a self-learning mathematical model that analyzes new information and shares knowledge instantly among robots, forming a hive mind.
He worries about the intention of bad actors using AI for personal gain, referencing politicians. Despite his anxieties, Hinton's ideas have revolutionized the AI industry, with his neural network being used by Google in the development of ChatGPT and Google Bard.
Subscribe to @SputnikInt
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Forwarded from Sputnik News India
‘India 🇮🇳 is switching to Russian oil’: Supplies in April doubled imports from Saudi Arabia and Iraq: Reports
Last month, oil 🛢 imports from Russia to India came to 1.7 million barrels per day. That said, April supplies from 🇮🇶 Iraq to India amounted to 812,000 barrels per day, and from 🇸🇦 Saudi Arabia that figure totaled 671,000.
In March, Russian 🇷🇺 oil supplies to the South Asian country amounted to 1.6 million barrels per day, and by comparison, in April 2022, that number was 270,000 barrels per day.
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Last month, oil 🛢 imports from Russia to India came to 1.7 million barrels per day. That said, April supplies from 🇮🇶 Iraq to India amounted to 812,000 barrels per day, and from 🇸🇦 Saudi Arabia that figure totaled 671,000.
In March, Russian 🇷🇺 oil supplies to the South Asian country amounted to 1.6 million barrels per day, and by comparison, in April 2022, that number was 270,000 barrels per day.
Subscribe to @sputniknewsindia
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📹 The Russian Ministry of Defense showed the training of operators of kamikaze drones, which will be used in the special operation zone against enemy armored vehicles.
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Preserving Ukraine as an independent nation is not in the plans of the United States
"And today the White House easily continue the war with Russia to the last Ukrainian," Russian Security Council Secretary Nikolai Patrushev said in an interview with the Izvestia daily.
"At the same time, the preservation of Ukraine as a state is not included in the US plans."
The recent wide-ranging interview, however, also saw the official speak to the US' repeat practice of violating international agreements and the ratcheting up of NATO troops along the Russian border, among other hot-button topics.
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"And today the White House easily continue the war with Russia to the last Ukrainian," Russian Security Council Secretary Nikolai Patrushev said in an interview with the Izvestia daily.
"At the same time, the preservation of Ukraine as a state is not included in the US plans."
The recent wide-ranging interview, however, also saw the official speak to the US' repeat practice of violating international agreements and the ratcheting up of NATO troops along the Russian border, among other hot-button topics.
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The Biden administration's decision to send an additional 1,500 troops to the US-Mexico border will do nothing to deter an anticipated surge of illegal migrants in the region
The surge is expected to occur after the Title 42 health emergency order - which allowed the US government to turn away thousands of illegal migrants at the border to prevent the spread of COVID-19 - is set to expire on May 11.
"Biden says he will deploy 1,500 troops to the border — primarily to do paperwork. And only for 90 days," Texas Governor Greg Abbott said via Twitter. "This does nothing to stop illegal immigration."
Texas has deployed some 10,000 National Guardsmen over the last several years to support local, state and federal agencies dealing with the influx of migrants arriving on the southern border, according to Abbott.
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The surge is expected to occur after the Title 42 health emergency order - which allowed the US government to turn away thousands of illegal migrants at the border to prevent the spread of COVID-19 - is set to expire on May 11.
"Biden says he will deploy 1,500 troops to the border — primarily to do paperwork. And only for 90 days," Texas Governor Greg Abbott said via Twitter. "This does nothing to stop illegal immigration."
Texas has deployed some 10,000 National Guardsmen over the last several years to support local, state and federal agencies dealing with the influx of migrants arriving on the southern border, according to Abbott.
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US Chairman of the Joint Chiefs of Staff Gen. Mark Milley said that the Washington has to stop driving military cooperation between Moscow and Beijing during an interview with an American magazine.
“Unlike the Cold War, now, you’ve got three great powers in the world: the United States, China, and Russia,” Milley said, adding: “So what we have to be conscious of is not to drive China and Russia close together in a military sense.”
He also stated that the so-called tripolar world consisting of the three aforementioned powers is more complicated than the bipolar one during the Cold War, commenting that "indicators" show both nations moving closer together, which he said needs to be monitored carefully.
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“Unlike the Cold War, now, you’ve got three great powers in the world: the United States, China, and Russia,” Milley said, adding: “So what we have to be conscious of is not to drive China and Russia close together in a military sense.”
He also stated that the so-called tripolar world consisting of the three aforementioned powers is more complicated than the bipolar one during the Cold War, commenting that "indicators" show both nations moving closer together, which he said needs to be monitored carefully.
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📹 Footage showing a priest from the schismatic Orthodox Church of Ukraine consecrating a Ukrainian military vehicle emerged online
The video shows a Nazi cross painted on the hood of the car.
In 2018, the Ukrainian government created a state-backed rival to the Ukrainian Orthodox Church – the Orthodox Church of Ukraine, in an attempt to sever centuries of ties between Russian and Ukrainian churches and believers.
After the escalation of the crisis in the Donbass into a full-blown conflict between Russia and Ukraine backed by NATO last year, the Ukrainian Orthodox Church came under immense pressure from the Zelensky regime over its alleged 'pro-Russian' links and attitudes.
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The video shows a Nazi cross painted on the hood of the car.
In 2018, the Ukrainian government created a state-backed rival to the Ukrainian Orthodox Church – the Orthodox Church of Ukraine, in an attempt to sever centuries of ties between Russian and Ukrainian churches and believers.
After the escalation of the crisis in the Donbass into a full-blown conflict between Russia and Ukraine backed by NATO last year, the Ukrainian Orthodox Church came under immense pressure from the Zelensky regime over its alleged 'pro-Russian' links and attitudes.
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❗️ The issue regarding a meeting of the delegations of Turkiye, Russia and Ukraine to discuss the grain deal in Istanbul this week is not agreed on
Earlier in the day, Turkish Defense Minister Hulusi Akar said that delegations from Turkiye, Russia and Ukraine are slated to hold a meeting to discuss the grain deal in Istanbul on May 5. Nevertheless, the Russian Foreign Ministry told Sputnik on Wednesday that an agreement hasn’t been reached yet.
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Earlier in the day, Turkish Defense Minister Hulusi Akar said that delegations from Turkiye, Russia and Ukraine are slated to hold a meeting to discuss the grain deal in Istanbul on May 5. Nevertheless, the Russian Foreign Ministry told Sputnik on Wednesday that an agreement hasn’t been reached yet.
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⚡ Russia's FSB stops the activities of Ukraine military intelligence network, which planned a series of high-profile terrorist attacks in Crimea
The security agency said that Ukrainian agents plotted to assassinate Crimea's head, parliamentary head, and Yalta's mayor, and launch terrorist attacks on transport infrastructure.
Moreover, Russia's FSB added that the deputy head of Zelensky's office Mashovets organized terrorist attacks and coordinated the preparation of high-ranking officials' murder in Crimea.
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The security agency said that Ukrainian agents plotted to assassinate Crimea's head, parliamentary head, and Yalta's mayor, and launch terrorist attacks on transport infrastructure.
Moreover, Russia's FSB added that the deputy head of Zelensky's office Mashovets organized terrorist attacks and coordinated the preparation of high-ranking officials' murder in Crimea.
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📹 Russian Su-35 aircraft in action as part of the special military operation in Ukraine
Russian Aerospace Forces Su-35 jet on patrol in the special operation zone discovered and destroyed a Ukrainian aircraft.
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Russian Aerospace Forces Su-35 jet on patrol in the special operation zone discovered and destroyed a Ukrainian aircraft.
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The advanced German howitzers have been hit by… bad weather
German Panzerhaubitze (PzH 2000) self-propelled howitzers which were earlier delivered to Kiev, turned out to be much worse adapted to bad weather than the Soviet-made Pion artillery systems, used by Russian troops in the special operation zone, a US newspaper has reported.
The media outlet cited a Ukrainian serviceman from the Ukrainian army’s 43rd Separate Artillery Brigade as saying that a decision had been made “to pull all of the new Panzerhaubitze 2000s from the field, for fear that the 60-ton howitzers would be unable to escape should they come under fire.”
According to him, one such howitzer had to be towed when it became stuck in the mud at the brigade’s position in southeastern Ukraine. The serviceman added that troops “were busy scraping off a heavily caked layer of sludge from treads and armored plating.”
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German Panzerhaubitze (PzH 2000) self-propelled howitzers which were earlier delivered to Kiev, turned out to be much worse adapted to bad weather than the Soviet-made Pion artillery systems, used by Russian troops in the special operation zone, a US newspaper has reported.
The media outlet cited a Ukrainian serviceman from the Ukrainian army’s 43rd Separate Artillery Brigade as saying that a decision had been made “to pull all of the new Panzerhaubitze 2000s from the field, for fear that the 60-ton howitzers would be unable to escape should they come under fire.”
According to him, one such howitzer had to be towed when it became stuck in the mud at the brigade’s position in southeastern Ukraine. The serviceman added that troops “were busy scraping off a heavily caked layer of sludge from treads and armored plating.”
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🇸🇾🇮🇷 Iran's President Ebrahim Raisi arrived in Damascus on Wednesday on the first visit by a head of state from the Islamic republic since Syria's civil war broke out 12 years ago
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"The EU has become a "democratic problem" for Sweden"
According to national-conservative Sweden Democrats leader Jimmie Akesson, the EU has become a "democratic problem" for Sweden, with legislation imposed by unelected Brussels bureaucrats gaining too much influence over member states' decision-making – to the point of making national general elections meaningless.
In the opinion piece, Akesson compared the EU to a "straitjacket" where German, French and Polish politicians decide which car Swedes can buy, how expensive the fuel should be, and what types of trees Swedes can chop down on their own land.
According to the top Sweden Democrat, EU legislation risks having so much influence over the country's decision-making that Sweden's own general elections will soon have no meaning.
"Other countries' politicians and bureaucrats, whom we cannot elect or depose, today have greater influence over Swedish legislation than me and my elected colleagues in Sweden's Riksdag", he wrote.
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According to national-conservative Sweden Democrats leader Jimmie Akesson, the EU has become a "democratic problem" for Sweden, with legislation imposed by unelected Brussels bureaucrats gaining too much influence over member states' decision-making – to the point of making national general elections meaningless.
In the opinion piece, Akesson compared the EU to a "straitjacket" where German, French and Polish politicians decide which car Swedes can buy, how expensive the fuel should be, and what types of trees Swedes can chop down on their own land.
According to the top Sweden Democrat, EU legislation risks having so much influence over the country's decision-making that Sweden's own general elections will soon have no meaning.
"Other countries' politicians and bureaucrats, whom we cannot elect or depose, today have greater influence over Swedish legislation than me and my elected colleagues in Sweden's Riksdag", he wrote.
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🇸🇾🇮🇷 Iran's President Ebrahim Raisi arrived in Damascus on Wednesday on the first visit by a head of state from the Islamic republic since Syria's civil war broke out 12 years ago Subscribe to @SputnikInt
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🇸🇾🇮🇷 Syrians and Iranians greet the motorcade of Iranian President Ebrahim Raisi, who has arrived in Damascus
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❗️ A new round of consultations on the grain deal will be held on May 5 in Moscow with representatives of the UN - Russian Foreign Ministry
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