Calendar

December 2024

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cnbc.com
🌐 85% Global Worthiness
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Senate to Vote on Social Security Bill Costing $196 Billion

The Senate is set to vote on the Social Security Fairness Act, which would increase benefits for about 3 million people by repealing the Windfall Elimination Provision and Government Pension Offset, costing $196 billion over 10 years and accelerating the trust fund's insolvency by six months, accord...

Progress

52% Bias Score

Reduced Inequality
smh.com.au
🌐 85% Global Worthiness
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Australian Government Spending Prevents Recession, Creates One Million Jobs

Treasurer Jim Chalmers credits \$22.1 billion in federal spending over four years with averting a recession in Australia, creating one million jobs while other OECD nations faced economic contraction; the government plans further spending and tax measures before the next election.

Progress

60% Bias Score

Decent Work and Economic Growth
smh.com.au
🌐 85% Global Worthiness
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Federal Debt Buyback Proposed to Boost Australian Productivity

Australia's productivity fell 3.7 percent in 2022-23, despite record work hours. Economist Karen Chester proposes the federal government absorb state debt to incentivize reforms in key sectors like health and education, addressing a "vertical fiscal imbalance" that limits state government action.

Progress

40% Bias Score

Reduced Inequality
cnbc.com
🌐 85% Global Worthiness
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Top Aide to NYC Mayor Adams Indicted on Bribery Charges

Former NYC Mayor Eric Adams' top aide, Ingrid Lewis-Martin, and three others were indicted on Thursday in Manhattan on charges of bribery, money laundering, and conspiracy for allegedly using City Hall influence to benefit a hotel chain in exchange for over \$100,000 in cash and benefits.

Progress

40% Bias Score

Peace, Justice, and Strong Institutions
smh.com.au
🌐 85% Global Worthiness
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China's Record-Breaking 'T-Flight' Train Aims for 1000 km/h

China's experimental T-Flight train, using maglev and hyperloop technologies, achieved a record speed of 623 km/h, aiming for 1000 km/h to revolutionize travel between major Chinese cities and neighboring countries within a decade.

Progress

48% Bias Score

Industry, Innovation, and Infrastructure
forbes.com
🌐 85% Global Worthiness
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Fed Rate Cut Triggers Biotech Market Downturn

The Federal Reserve's interest rate cut negatively impacted the stock market, particularly biotech, due to concerns over persistent inflation and fewer expected rate cuts in 2025, potentially hindering innovation and patient access to new treatments.

Progress

48% Bias Score

Decent Work and Economic Growth
smh.com.au
🌐 85% Global Worthiness
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Australian Market Set for Drop After US Fed Rate Cut Revision

The Australian share market is anticipated to fall after a $50 billion drop on Thursday, influenced by the US Federal Reserve's prediction of fewer 2025 rate cuts than expected, causing global market instability and pushing the Australian dollar to a two-year low.

Progress

40% Bias Score

Reduced Inequality
forbes.com
🌐 85% Global Worthiness
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ADFW24: $635 Billion Investment Commitment to Abu Dhabi

The 2024 Abu Dhabi Finance Week (ADFW) attracted over 20,000 delegates from December 9-11 at ADGM Square in Abu Dhabi, resulting in eight global institutions committing $635 billion to the region, building on last year's $450 billion and cementing ADGM's status as the fastest-growing financial cente...

Progress

56% Bias Score

Decent Work and Economic Growth
cnbc.com
🌐 85% Global Worthiness
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Microsoft's Copilot Underperformance Weighs on Stock Despite Strong Business Fundamentals

Microsoft's stock underperforms despite Azure, gaming, and office software successes; Copilot's slow adoption and competition from Salesforce's Agentforce raise investor concerns, while an upcoming PC refresh cycle offers a potential tailwind.

Progress

40% Bias Score

Decent Work and Economic Growth
smh.com.au
🌐 85% Global Worthiness
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Trump Rejects Shutdown Deal, Threatening US Government Closure

President-elect Trump rejected a bipartisan bill to prevent a partial US government shutdown, demanding Congress eliminate the debt ceiling; this decision, influenced by Elon Musk's pressure campaign, threatens to disrupt government operations before Christmas, impacting over 2 million federal worke...

Progress

56% Bias Score

Reduced Inequality
smh.com.au
🌐 85% Global Worthiness
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Australia's Stagnant Economy: Budget Update Reveals Lack of Reform

Australia's mid-year budget update reveals a bleak economic outlook with low growth, high prices, and projected deficits for the next decade, highlighting a lack of substantial economic reform from both major parties and leaving Australians facing lower living standards.

Progress

56% Bias Score

No Poverty
forbes.com
🌐 85% Global Worthiness
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MacKenzie Scott's $2 Billion 2024 Philanthropy: A Focus on Repeat Grants and Economic Security

MacKenzie Scott donated $2 billion to 199 organizations in 2024, including repeat grants to several nonprofits working on affordable housing, such as Enterprise Community Partners ($65 million) and the Local Initiatives Support Corporation ($65 million), reflecting a focus on economic security and a...

Progress

28% Bias Score

Reduced Inequality