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Is AUKUS an awkward name for a hawkish problem?



AUKUS remains the cornerstone for Australia, U.S., and British security in the Indo-Pacific region

AUKUS may be an awkward name but this security pact has become the cornerstone for the U.S., Britain and Australia’s Indo-Pacific strategy.

However, like all trios, there are always competing priorities.

The alliance centres around efforts to support Australia acquiring conventionally armed, nuclear-powered submarines.

It is Australia’s largest jump in military capability since the end of World War Two.

Australian taxpayers will be footing the bill for $368 billion in spending over the next 30 years.

Australian Prime Minister Anthony Albanese said the deal strengthens national security in the region.

“The AUKUS agreement we confirm here in San Diego represents the biggest single investment in Australia’s defence capability in all of our history, strengthening Australia’s national security and stability in our region, building a future made in Australia with record investments in skills, jobs and infrastructure, and delivering a superior defence capability into the future.”

The AUKUS partners have remained focussed on equipping Australia with nuclear-powered submarines. However, there have been questions around further scope for engagement.

These areas may include artificial intelligence, quantum computing, cyber tech, and hypersonics.

“We’re simply focused on making sure that (Australia) can get nuclear-powered submarines,”said U.S. National Security Spokesperson John Kirby in an interview with CTV News.

“There really aren’t discussions right now or plans to modify the AUKUS arrangement in the future,” he said.

AUKUS has drawn condemnation from China.

A recent article published in the China Daily, an English-language newspaper owned by the Chinese Communist Party, raised concerns about the so-called “Cold War mentality”.

“If it keeps going like this, the security and stability in the region will be threatened,” wrote Ruan Zongze.

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How to make your money work for you over the next decade



With high interest rates, persistent inflation, and a tight labor market—the next decade is expected to be very different from the last 10 years.

Companies and households around the world are still trying to get back to pre-pandemic economic outputs and lifestyles.

So, how can people successfully invest and better manage their personal finances?

James Faris, an Investing Reporter with Insider joins Veronica Dudo to discuss. #InAmericaToday #featured #money #finance #economy #investing

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Parents buying houses for their adult children



Rise in parents purchasing homes for adult children sparks concerns

A growing trend of parents buying houses for their adult children is causing a stir, raising questions about the potential downsides of such arrangements. While the gesture may seem benevolent, experts warn of the pitfalls associated with this practice.

Financial advisors express concerns about the impact on both generations’ financial independence. By providing ready-made homes, parents might inadvertently hinder their children’s ability to learn crucial financial lessons, such as budgeting, mortgage management, and property ownership responsibilities.

The trend also sparks debates on the long-term implications for the housing market. Critics argue that such parental interventions can distort property prices and exacerbate existing affordability challenges, particularly for younger individuals aspiring to enter the property market independently.

There’s a call for a broader societal discussion on the balance between parental support and fostering financial autonomy. While the intention is often rooted in care, the unintended consequences of sheltering adult children from financial realities are prompting a reassessment of this well-meaning practice.

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Victoria’s Secret criticized for trans woman’s apology



Victoria’s Secret is facing backlash after issuing an apology to a transgender woman who had a negative experience while trying on bras at one of their stores.

The incident has ignited a debate about inclusivity and sensitivity in the fashion industry.

The controversy began when the trans woman, who remains anonymous, visited a Victoria’s Secret store to shop for bras. She reported feeling uncomfortable and discriminated against by store staff.

In response to her complaint, Victoria’s Secret issued an apology, acknowledging the incident and expressing their commitment to diversity and inclusion.

However, the apology itself has come under fire from both supporters and critics.

Some argue that the brand’s apology is insincere and merely an attempt to save face, while others believe it is a step in the right direction towards a more inclusive shopping experience for all customers.

The incident raises important questions about how brands should handle situations involving discrimination and whether their apologies are genuine or performative.

It also highlights the ongoing challenges faced by transgender individuals when accessing spaces traditionally designed for cisgender customers.

As the fashion industry continues to evolve, many are calling for a deeper examination of inclusivity and sensitivity, not just in policies but in practice.

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