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US says Jeff Bezos and Sir Richard Branson aren’t astronauts

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The US has tightened its definition of the word “astronaut”, and it doesn’t include billionaire space explorers

The US’ New Federal Aviation Administration (FAA) has updated its rules to be an astronaut you must be part of a flight crew and make contributions to space flight safety.

This means that officially, billionaire space travellers like Jeff Bezos and Sir Richard Branson may not actually be astronauts despite their trips beyond earth.

The changes come as the first amendment to the FAA Wings programme since it began in 2004. The FAA announced the updates on Tuesday, the same day that Bezos went to the edge of space aboard a Blue Origin rocket.

How does a billionaire become an astronaut?

In order to qualify as a ‘commercial astronaut’, you must travel 80km above the Earth’s surface – a feat which Branson and Bezos both successfully accomplished.

However, the FAA also says that to be considered an astronaut, space-travellers must also have “demonstrated activities during flight that were essential to public safety, or contributed to human space flight safety”.

For the FAA to award a space-traveller their ‘commercial wings’ as an astronaut, they also need someone to nominate them for the position. Americans can also become an astronaut through the US military or NASA.

The FAA says that the changes better align the Wings Scheme with its role in protecting public safety during commercial space flights.

Natasha is an Associate Producer at ticker NEWS with a Bachelor of arts from Monash University. She has previously worked at Sky News Australia and Monash University as an Online Content Producer.

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France receives lowest credit rating due to crisis

France’s credit rating downgraded to record low amid political and fiscal crisis, raising concerns over debt and stability

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France’s credit rating downgraded to record low amid political and fiscal crisis, raising concerns over debt and stability

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In Short:
– Fitch Ratings downgraded France’s credit rating to A+, citing political instability and fiscal challenges.
– New Prime Minister Lecornu must secure budget approval amidst rising deficit and potential no-confidence vote.
Fitch Ratings has downgraded France’s credit rating from AA- to A+, the lowest ever recorded, amid ongoing political and fiscal challenges.
The decision comes shortly after Prime Minister François Bayrou was removed in a vote of no confidence regarding his €44 billion austerity plan.
President Emmanuel Macron has appointed Sébastien Lecornu as the new prime minister, marking the fifth leadership change in under two years.Banner

Fitch highlighted political instability as a key factor undermining fiscal reforms, with France’s debt now at €3.3 trillion, or 113.9% of GDP.

The budget deficit increased to 5.8% of GDP and is expected to rise, posing challenges ahead.

Political Instability

The new prime minister faces a divided parliament and must secure budget approval by October 7.

The far-left plans a no-confidence vote against Lecornu, complicating further cooperation on legislative reforms, with S&P Global hinting at a potential downgrade.


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Trump moves to fast-track removal of Fed governor Lisa Cook

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The White House is set to fast-track a ruling on firing Federal Reserve Governor Lisa Cook, just days before the crucial FOMC meeting.

The move comes as markets reel from surging inflation, weak jobless data, and global currency shifts, raising questions about the Fed’s independence and the stability of policy decisions.

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ANZ job cuts spark banking clash

ANZ plans to cut 3,500 jobs, sparking debate on the future of Australia’s banking sector and employment dynamics.

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ANZ plans to cut 3,500 jobs, sparking debate on the future of Australia’s banking sector and employment dynamics.


ANZ has announced plans to cut 3,500 staff and 1,000 contractors over the next year, triggering a fierce debate between business leaders, unions, and government about the future of Australia’s banking sector.

The decision raises wider questions about the resilience of the business community and the role of politics, productivity, and technology in shaping employment.

#ANZ #Banking #Jobs #Unions #Australia #Economy #TickerNews


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