News

U.S. House of Representatives votes to raise debt ceiling

Published

12 months ago

April 27, 2023

ticker NEWS

The final vote was 217-215, with four Republicans voting against the bill

The Republican-held U.S. House of Representatives has voted to raise the nation’s debt ceiling as speaker Kevin McCarthy calls on the Democrats to come to the table.

The final vote was 217-215, with four Republicans voting against the bill, which includes sweeping spending cuts over the next decade.

House Speaker McCarthy could only lose four votes if the bill was to be successful.

But it’s dead on arrival in the Democratic-led Senate.

Regardless, the primary aim of the bill is to boost the Republicans’ efforts to negotiate with the White House as the country quickly approaches its default deadline.

The U.S. Treasury could run out of ways to pay its bills in a matter of weeks if Congress fails to act, and financial markets are already flashing warning signs.

A 2011 standoff led to a downgrade of the government’s credit rating, which pushed borrowing costs higher and hammered investments.

News

Technological terror: China reveals uncanny AI romance film

Published

2 days ago

April 24, 2024

ticker NEWS

As competition intensifies in the streaming landscape, with players like Roku, Vizio, and Samsung launching their ad-supported platforms, TCL aims to carve its niche by offering compelling original content.

TCL, the renowned Chinese smart-TV manufacturer, announces its innovative use of generative artificial intelligence to produce original content for its streaming platform, TCLtvPlus.

Debuting this summer, “Next Stop Paris,” an AI-driven love story, marks the inaugural program from TCLtvPlus Studios

News

Grindr application cruises into court over privacy concerns

Published

2 days ago

April 24, 2024

ticker NEWS

Grindr faces lawsuit over alleged privacy breaches

Grindr, the popular gay dating app, is under fire in London as hundreds of users claim their private information, including HIV status, was shared without consent. The lawsuit alleges commercial use of sensitive data, sparking concern within the LGBTQ+ community. Grindr vows to defend its practices while emphasising its commitment to user privacy and compliance with data regulations.

News

The TikTok ban was just passed by the House. What could happen next?

Published

2 days ago

April 24, 2024

ticker NEWS

Washington D.C. has been under pressure to ban the popular Chinese-owned social media app TikTok.

TikTok users could soon find that the popular social media service is either under new ownership or could be outright banned in the U.S.

Calls are growing louder from many lawmakers and national security hawks to ban TikTok, over fears the app could censure content, influence users, and give Americans’ personal data to Beijing.

But the Chinese tech company, ByteDance—which owns TikTok— denies the allegations.

Dave Levinthal, the Editor-in-Chief of Raw Story joins Veronica Dudo to discuss.