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Philippines and Australia team up for South China Sea patrols



Australia and the Philippines have discussed how they could team up for joint patrols in the South China Sea

The two nations are looking to counter what they see as aggressive moves by China in the disputed waters.

Australian Defence Minister Richard Marles made the announcement after meeting with his Filipino counterpart, Carlito Galvez Jr.

As the long running dispute over territory in the South China Sea rumbles on, the Philippines and Australia are considering taking action in the form of joint patrols on the water.

This is largely in response to concerns over China’s recent actions in the region and its continued military activity in these contested waters.

Beijing claims almost all of the South China Sea and it’s a significant area given the amount of trade that passes through.

Potential joint patrols between Canberra and Manila were discussed on Wednesday as Australian defence minister Richard Marles met with his Filipino counterpart.

Both countries have a long history of military ties and have previously conducted joint combat exercises.

These talks follow on from similar discussions between the United States and the Philippines about conducting joint coast guard patrols.

Manilla, Washington and Canberra are all looking to improve security ties in the Indo-Pacific due to fears over China’s push for influence in the region.

It has resulted in some flashpoints in the South China Sea – including earlier this month when China’s coastguard shone a military-grade laser at a Philippine Coast Guard ship.

Following that incident, Beijing’s ambassador to the Philippines was summoned by President Marcos Junior to discuss the incident, with China defending its actions.

And with the potential for Australian and Filipino boats to be patrolling waters together in these hotly contested waters, there’s certainly an increased chance further flare-ups.

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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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