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Greg Ip explains how targeted price jumps in eggs, beef, housing, and more outstrip income gains, leaving first-time homebuyers and renters strained—half now spend over 30% of income on housing alone. Quick policy ideas like tariffs, rent controls, or rate cuts carry risks of recession or renewed inflation, he warns. Leaders like President Trump and NYC Mayor-elect Zohran Mamdani highlight the issue, while many call for bold changes from market shifts to reforms ending the Fed or curbing investor home buys.

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Families feel the pinch from higher housing, groceries, and everyday bills, even as wages slowly rise and inflation eases. A top economist asks if real relief is possible without bigger problems down the road.

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Bitcoin Rachy posted the query on X early Wednesday, prompting users to highlight Bitcoin's decentralized nodes, open-source code, public ledger, and 21 million supply cap as key distinctions from Ponzi schemes. Contributors contrasted it with fiat currencies' inflation since 1971 and noted regulators target actual Bitcoin scams, not the asset itself. As Bitcoin hit $90,000 amid post-election gains, the thread exposed divides between maximalists and skeptics invoking greater fool theory.

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A financial advisor turned to X after a client branded Bitcoin a Ponzi scheme—sparking over 400 replies packed with sharp rebuttals.

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On Thursday, Jackson Hinkle's X post labeling Taiwan a 'fake country' under China drew sharp rebuttals and support, spotlighting Taiwan's limited diplomatic recognition by only 12 UN members and the Holy See amid the unresolved Chinese Civil War. Taiwan governs 23 million people democratically, holds multiparty elections, maintains a 215,000-strong military, and receives U.S. arms support, including a recent $330 million package. Public opinion strongly favors the status quo or independence, with over 80% rejecting China's 'one country, two systems' model, reflecting broader geopolitical divides.

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Influencer Jackson Hinkle declared Taiwan a 'fake country' that belongs to China, igniting a heated online clash viewed over 65,000 times. The post amplified longstanding tensions between China's unification claims and Taiwan's 76 years of independent self-governance.

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Iranian activists are urgently sharing claims that Shirvan cafe owner Masoud Babaei, arrested January 8 amid protests, was tortured into confessing and now risks execution early Friday. Human rights group Hengaw confirmed his detention in a sweep targeting Kurds, while posts circulate his photo stamped 'SENTENCED TO DEATH' and call for amplification with hashtags like #مسعود_بابایی. This push highlights Iran's crackdown, with over 100 executions since early January on protest-related charges, as online voices battle state silence and past campaigns have occasionally stopped such fates.

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A desperate message from inside an Iranian prison warns that Masoud Babaei could face hanging at dawn on January 31. Activists are flooding posts with his name, hoping global attention might halt the gallows.

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On November 18, X user Vivid Prowess posted a query to non-Israeli, non-Jewish followers asking their personal reasons for supporting Israel, paired with an Israeli flag image. The post garnered over 300,000 views, nearly 7,000 likes, and 3,600 replies by Thursday, featuring endorsements from figures like Brianna Wu citing strategic defense against radical ideologies and emotional ties to Jewish humanity. Responses highlighted shared values, democracy, biblical faith, historical duty, and personal stories, alongside sharp critiques amid polarized views on ongoing conflicts.

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What drives non-Israelis and non-Jews to back Israel? Vivid Prowess's viral X question exploded with 300,000 views and thousands of raw replies.

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At the Jewish Federations of North America's General Assembly in Washington, D.C., Senator Ted Cruz argued that the $3.8 billion in annual military aid to Israel targets shared enemies like Hamas and Hezbollah, saving U.S. lives and costs while benefiting American defense firms. He highlighted Israel's Mossad providing critical intelligence to Washington and noted post-October 7, 2023, additional aid exceeding $14 billion amid regional conflicts. Cruz warned of declining support for Israel among young Republicans influenced by social media, citing GOP tensions between traditional hawks and an isolationist 'America First' wave.

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Senator Ted Cruz slammed U.S. aid to Israel as a mere 'pittance' that delivers priceless intelligence and security gains for America.

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Cocoon runs on the TON blockchain and pairs AI developers needing processing muscle with GPU providers who earn cryptocurrency rewards. It uses Trusted Execution Environments to encrypt prompts and results, shielding them even from the hardware hosts. Telegram's billion users will soon feel the impact through features like message translation and voice-to-text in Mini Apps. Durov sees it as a privacy-focused rival to big cloud providers, with plans to scale up GPU supply and demand in the weeks ahead.

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Pavel Durov just flipped the switch on Cocoon, a new network that lets developers tap into GPUs worldwide while keeping every bit of data locked tight. It's a fresh take on AI power, rewarding hardware owners with TON crypto along the way.

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Fusaka introduces PeerDAS, letting nodes sample just a fraction of transaction data instead of storing everything, which could boost capacity up to eight times and lower fees for layer-2 rollups. It also raises the block gas limit by 33% to 60 million and adds support for passkeys, so smartphones can sign transactions securely with Face ID or fingerprints—no seed phrases required. This follows May's Pectra upgrade as Ethereum's second big update this year, with validators ready and future tweaks planned to keep growth steady into 2026.

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Later today at 21:49 UTC, Ethereum flips the switch on its Fusaka upgrade, making the network faster and easier to run without skimping on security.

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In a letter to Treasury Secretary Scott Bessent and Attorney General Pam Bondi dated Tuesday, Democratic Senators Elizabeth Warren and Jack Reed requested an investigation by December 1 into World Liberty Financial's compliance with anti-money laundering rules, sanctions, and governance. The demand stems from a September report by Accountable.US alleging the project sold $WLFI governance tokens to wallets linked to North Korea's Lazarus Group, a Russian sanctions-evasion stablecoin, Iran's NoBitex exchange, and the sanctioned mixer Tornado Cash. DT Marks DEFI LLC, controlled by Donald Trump and his family, holds 22.5 billion tokens and receives 75% of sales revenue, while the project lists Trump family members in prominent roles; World Liberty Financial maintains it has robust compliance measures with no evidence of wrongdoing.

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Senators Elizabeth Warren and Jack Reed have fired off a letter urging a federal probe into World Liberty Financial, the Trump family's crypto project, over alleged sales to North Korean hackers and sanctioned entities.

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The assets, worth €183 billion and held mostly at Euroclear in Brussels, would fund Ukraine's defense and budget needs now, with repayment from future Russian reparations. De Wever demands EU-wide risk sharing and points to Belgium's ongoing aid via taxes on the assets' interest, expected to yield €1 billion next year. EU allies criticize Belgium's handling of those funds, while the standoff highlights strains in supporting Ukraine amid shifting U.S. policies. Diplomats hope for progress at December's summit.

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Belgian Prime Minister Bart De Wever wrote a firm letter this week, calling the EU's proposal to back €140 billion in loans with frozen Russian funds fundamentally wrong. He worries it breaks international law and risks Belgium's financial standing.

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The House of Representatives issued a statement on Wednesday calling for an immediate stop to Southern Transitional Council troop deployments in Hadramout, Shabwa, and Mahra. Backed by the UAE, STC forces have clashed with local tribes to secure these areas, which the parliament views as a violation of national unity and the Riyadh Agreement for power-sharing. Southern separatists dismissed the parliament as tied to the Islah party and pushed back with sharp memes and accusations of ignoring Houthi threats. As Saudi mediation efforts continue, the dispute underscores Yemen's deep east-west divides.

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Yemen's parliament drew a firm line against southern forces seizing control of key oil sites and territories in the east. Lawmakers warned these steps risk fracturing the nation further amid its long civil war.

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Neo Officiall, owner of NEO Electronics, shared a screenshot of a Gmail notification revealing customer Vivian Chidimma's order for an HP ZBook 15 G5 Mobile Workstation priced at NGN 979,800 to mock feminists on X. The post, intended to demonstrate anonymous purchases via the NEO Store website powered by Flutterwave, sparked widespread criticism for breaching customer privacy and exposing personal transaction information.

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The November 30 Washington Post piece highlights economists' fears of deflation, where broad price declines often precede recessions due to weak demand from layoffs or reduced spending. Experts like Johns Hopkins' Francesco Bianchi explain how dropping prices with steady wages could hurt company profits, spark job cuts, and create a downward spiral. Critics call the view out of touch with everyday struggles, while inflation lingers near 3 percent—above the Fed's target—and households grapple with elevated costs on cars, energy, health care, and child care.

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Families still feel the pinch from grocery prices up 25 percent over five years and housing costs soaring 30 percent since 2020. Now a new article cautions that falling prices across the board might mean even tougher times ahead.

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