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News on Medial
White House may seek to slash NASA’s science budget by 50 percent
Arstechnica
·
5m ago
Medial
The White House is reportedly considering a significant reduction of NASA's Science Mission Directorate budget by up to 50%, which could severely impact space science and exploration efforts. This potential budget cut is considered an "extinction-level" threat by experts, potentially terminating active missions and halting new developments. Program areas like Earth science and planetary exploration could be particularly affected, jeopardizing landmark missions and possibly ceding exploration leadership to other nations, notably China. The proposal's outcome depends on Congress's final budget decisions.
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Related News
A huge fight looms over the NASA budget this fall
Arstechnica
·
20d ago
Medial
The US Congress is opposing the Trump Administration's proposed cuts to NASA's budget and programs. Both the House and Senate passed budget plans to maintain NASA funding levels, rejecting a 25% cut and restructuring suggested by the White House. This sets up a potential conflict with the Office of Management and Budget. Congress aims to pass a budget on time to prevent unilateral action by the administration, emphasizing legislative control over federal spending.
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Billionaire Gautam Adani indicted in US for alleged bribery scheme, White House says ‘we are confident…’
Livemint
·
8m ago
Medial
The White House has acknowledged the bribery allegations against Gautam Adani, chairman of the Adani Group. Adani and several others have been indicted by US authorities for allegedly participating in a bribery and fraud scheme valued at $265 million. Adani Group has denied the charges and plans to seek legal options. The White House is aware of the situation but did not comment further. The US-India relationship remains strong, according to White House press secretary Karine Jean-Pierre. Specific details of the investigation are being handled by the Securities and Exchange Commission and Department of Justice.
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Trump has found great talent: Zoho’s Sridhar Vembu applauds Sriram Krishnan's appointment
YourStory
·
7m ago
Medial
Sriram Krishnan has been appointed as the Senior Policy Advisor for Artificial Intelligence at the White House Office of Science and Technology Policy. The CEO of Zoho Corporation, Sridhar Vembu, has applauded this appointment, noting Krishnan's talent and experience in leading product and engineering teams at tech firms like X, Meta, and Snap. President-elect Donald Trump announced that Krishnan will work closely with David Sacks, the newly appointed White House AI and Crypto Czar, to shape and coordinate AI policies across the US government. Krishnan had previously worked at venture capital firm Andreessen Horowitz for four years.
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Nifty, Sensex close near flatline; Bank Nifty hits fresh high of 51,900
Money Control
·
1y ago
Medial
On June 19, the Indian stock market experienced a choppy and volatile trading session, with Sensex and Nifty ending nearly flat. The Sensex closed up 0.05 percent at 77,337, while the Nifty 50 was down 0.2 percent at 23,521. Banking and IT stocks led the gains in the Nifty 50, while construction and energy stocks declined. Bharti Airtel, Maruti Suzuki, and Titan were among the worst-hit stocks. The volatility index, India VIX, rose nearly 6 percent to 13.7. Investors are now looking forward to the Union Budget in July.
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Trump White House budget proposal eviscerates science funding at NASA
Arstechnica
·
3m ago
Medial
The Trump administration's proposed budget for NASA's fiscal year 2026 suggests a significant reduction of 20% overall, targeting a 50% cut in the Science Mission Directorate. This includes severe reductions to astrophysics, heliophysics, Earth science, and planetary science funding, potentially canceling projects like the Nancy Grace Roman Space Telescope. While NASA's continuation of projects like Hubble and Webb is supported, there's concern over potential closures and impacts on American space leadership. Fierce opposition in Congress is expected.
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TTK Prestige board to consider share buyback on Aug 2, stock rises 4%
Money Control
·
12m ago
Medial
TTK Prestige is considering a buyback of its equity shares, with the board meeting scheduled for August 2, 2024. This announcement led to a four percent increase in TTK Prestige shares on July 30. Buybacks improve financial ratios and are seen as a confidence-boosting measure by management and shareholders. However, buybacks are set to be impacted by new tax rules proposed in the Union Budget 2024, where investors may have to pay higher taxes on the proceeds. TTK Prestige shares have gained 18 percent in the past year.
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Joe Biden Wants US Government Algorithms Tested for Potential Harm Against Citizens
Wired
·
1y ago
Medial
The White House has released draft rules that would require federal agencies to assess and monitor algorithms used in sectors like healthcare, law enforcement, and housing for potential discrimination or harm to human rights. The rules could lead to changes in the use of AI by government agencies, including the FBI's face recognition technology. However, exemptions for national security have been carved out, and waivers may be issued by agencies if halting the use of AI would significantly impact critical operations. The draft memo also emphasizes the need for testing, evaluation, and independent assessment of algorithms to ensure their compliance with public safety and privacy standards. The Office of Management and Budget is seeking public comment on the draft policy until December 5th.
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Budget 2024: Should investors be expecting a push to consumption?
Money Control
·
1y ago
Medial
The government's advance estimate for 2023-24 GDP predicts a growth of 4.4 percent in private consumption, the lowest in several years. While the government has traditionally focused on investment, there is speculation that it may prioritize consumption in the upcoming budget. However, with fiscal consolidation in mind, there is also a possibility of reduced capital expenditure. The outcome of the budget in an election year remains uncertain.
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Donald Trump praises Jeff Bezos as Amazon denies plan to display tariff cost
Economic Times
·
3m ago
Medial
Former President Donald Trump praised Amazon founder Jeff Bezos for halting a plan to disclose US tariffs on price tags. The proposed disclosure had caused tensions with the White House, which sought to defend its tariff policies against price criticism. Trump called Bezos and praised him for resolving the issue quickly. The plan was described by the White House as a political move. Amazon clarified that no tariff disclosures were approved and wouldn't be implemented.
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Musk Advises Trump But Doesn’t Work for DOGE, White House Says
Livemint
·
5m ago
Medial
Elon Musk is a senior adviser to the president but does not work for the newly formed “Department of Government Efficiency” (DOGE), according to the White House. Musk’s role is distinct, as stated by Joshua Fisher, director of the White House Office of Administration, and he holds no formal authority to make government decisions. The U.S. Justice Department clarified Musk's position amidst a legal case questioning his influence without Senate confirmation, emphasizing his role is advisory.
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