News of the World

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Germany agrees on compromise over China port bid

The compromise lets China's Cosco buy a smaller stake than planned in the Hamburg port terminal. The widely criticized initial deal would've given Cosco a major stake in the vital port.

The German Cabinet agreed on a compromise in the dispute over China's Cosco buying a stake in a Hamburg port terminal, as the Ministry of Economy and Climate Protection shared in a press statement on Wednesday, saying the "reason for the partial prohibition is the existence of a threat to public order and safety."

The compromise allows Chinese shipping giant Cosco to take a stake "below 25%" instead of the initially planned 35%. The initial deal was widely criticized as it would have given Cosco a major stake in Germany's largest port.

Economy Minister Robert Habeck was one of the politicians voicing concerns about Germany selling critical infrastructure to China. But supporters of the deal claim that it will allow the port to stay competitive against others as the race for Chinese trade increases.

The decision comes as Germany tries to strike a balance between maintaining ties with its biggest trade partner, China, while avoiding heavy reliance on it.

Biden Concedes It Will ‘Take Some Time’ for Inflation to Ease

President Joe Biden on Wednesday said that it will take time before inflation will ease for most Americans as polls show how price pressures continue to be a pressing issue ahead of the 2022 midterms.

“I’m optimistic,” he said during an event unveiling new Consumer Financial Protection Bureau rules against banking fees. “It’s going to take some time. I appreciate the frustration of the American people.”

The president again blamed world events for the rise in inflation. Labor Department data shows that the consumer price index, a key inflation metric, stood at 8.2 percent in September, running near the 40-year high.

“One of the things that I think frustrates the American people, is they know that the world is in a bit of disarray. They know that [Russia’s] war has imposed an awful lot of strains on Europe and the rest of the world and the United States,” Biden said. “They want to know what are we doing.”

Republicans have repeatedly hammered Biden and Democrats for pushing multi-trillion spending packages and embracing policies that have reduced or dampened U.S. oil production.
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To dampen inflation, the Federal Reserve during its past three Federal Open Market Committee meetings opted to raise the federal funds rate by 75 basis points each time. The Fed will again meet in the coming weeks, and analysts predict that another 75-point hike is coming.

Abortion Survivors Speak Out: ‘We Are Just as Human as You’

Months after the Supreme Court’s decision to overturn Roe v. Wade, voters across five states will be considering ballot measures relating to abortion on Nov. 8.

Some of those measures aim to expand abortion access, while others seek the opposite. But whatever voters decide, one oft-overlooked group is asking that their experiences be considered in the process.
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“The Abortion Survivors Network is an organization that’s actually led by abortion survivors,” Moe told The Epoch Times. “It empowers and equips abortion survivors to work through their trauma, their questions, and it’s a safe place for them in a society that really thinks their lives should have ended.”
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Milbourn learned that her biological mother had tried to abort her in the spring of 1978, but as her mother was further along in the gestation process than she had told the clinician, the abortion was unsuccessful.

“They began the procedure and realized that my head was larger than expected,” Milbourn said.

While unable to complete the procedure, the abortionist did manage to tear the embryonic sac. Assuming that Milbourn’s mother had miscarried, he sent her home. Then, months later, Milbourn was born.

At first, learning what she had survived came as a shock to Milbourn, and unsure how to process her feelings, she repressed them until years later when, as a mother herself, she was forced to confront them head-on.

“For a survivor of an abortion, there’s a lot of trauma that comes with it,” she said. “Rejection is the biggest component of that.”

Strengthening Digital Infrastructure and Open Source Ecosystems in the Public Interest

We are excited to kick off the Sovereign Tech Fund with a pilot round of projects. The pilot is an opportunity to showcase examples of open digital infrastructure, and to test the model we outlined in our feasibility study published in 2021. The following projects will receive funding starting October 2022:

• OpenMLS
  
• curl
  
• OpenBGPd
  
• Bundler/RubyGems
  
• WireGuard
  
• OpenPGP.js/GopenPGP
  
• OpenSSH
  

Yes, guys, Bundler & RubyGems belong to the Ruby Language community indeed.