Tomorrow Of The Day

Tomorrow Of The Day Australia boosts military spending

Australia’s defense budget would grow from 2.8% of GDP this year to 3% by 2033

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The Associated Press

Breaking News

Cairo, Egypt (AP) — Trump invites the leaders of Israel and Lebanon to the White House for the countries' first high-level talks since 1983.
Mclean, United States (AP) — Average US long-term mortgage rate eases to 6.3%, according to Freddie Mac, its second consecutive weekly decline.
Washington, United States (AP) — Israel and Lebanon agree to a 10-day ceasefire starting at 5 p.m. ET Thursday, Trump says.
Cairo, Egypt (AP) — Lebanese president refuses to speak to Israeli prime minister, says a government official familiar with the developments.
Annandale, United States (AP) — Former Virginia Lt. Gov. Justin Fairfax killed his wife before taking his own life in their home, police say.
Washington, United States (AP) — US filings for jobless aid fall again as layoffs remain historically low despite global economic uncertainty.
Paris, France (AP) — IEA chief says Europe has 'maybe 6 weeks or so (of) jet fuel left,' warns of possible flight cancellations 'soon'.
Purchase, United States (AP) — PepsiCo says lower prices and new products boosted demand in the first quarter.
Johannesburg, South Africa (AP) — South African politician Julius Malema is sentenced to 5 years in prison for firing rifle shots at a rally.
Hong Kong, China (AP) — China reports its economy grew 5% in the January-March quarter, largely shrugging off initial impact from the Iran war.
New York, United States (AP) — US stocks hit an all-time high and roar back from losses caused by the Iran war as the S&P 500 continues 2-week rally.
New York, United States (AP) — Jury finds that Ticketmaster and Live Nation had an anticompetitive monopoly over big concert venues.
Washington, United States (AP) — Senate again rejects effort to halt Trump's war in Iran as Republicans hold firm behind president.
Washington, United States (AP) — Bessent warns US will ramp up economic pain on Iran, says moves will be 'financial equivalent' of bombing campaign.
Islamabad, Pakistan (AP) — Pakistani military chief arrives in Tehran as mediators seek to set up a second round of US-Iran talks, military says.
Washington, United States (AP) — Federal prosecutors investigating Federal Reserve construction project made surprise visit to work site, AP sources say.
Washington, United States (AP) — Trump claims China has agreed not to provide Iran weapons amid reports Beijing has weighed transfers of arms.
Ankara, Turkey (AP) — Student opens fire at school in Turkey, killing 4, official says.
Washington, United States (AP) — Justice Department moves to vacate seditious conspiracy convictions of Oath Keepers and Proud Boys in major Jan. 6 cases.
San Francisco, United States (AP) — Attorney says man accused of throwing Molotov cocktail at Sam Altman's house was suffering 'acute mental health crisis'.
Economy

Is the US Falling Victim to the Resource Curse?

It would appear reasonable to expect that countries with huge natural-resource wealth (oil, natural gas, minerals, and even agriculture) would have a leg up on...

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