š·šŗ "For the first time in modern history, the country is set to spend 6%Ā of gross domestic product (GDP) on the military, and defense spending will exceed social spending. The war against Ukraine and the West is not only the Kremlinās biggest priority..."
š¶ļø "Defense spending in 2024 will almost double compared to this year. While that is less than the 12ā17% of GDP that the Soviet Union was spending on defense at the height of the Cold War, it is comparable to U.S. military expenditure in the 1980s."
š¶ļø "The Kremlin isnāt just gearing up for a prolonged war in Ukraine, but apparently sees certain economic benefits from such a scenario. Unlike oil, guns drive industrial growth: economic growth reached 4.9% in July. Industries directly related to the war have seen spectacular growth: production of transport is up 66.7% from last year, computers and electronics are up 42.6%, navigation devices 72.4%, electrical equipment 29.5%, and protective clothing 40.4%. Industries indirectly linked to the fighting are also experiencing abnormally high growth rates: equipment repair and installation is up 8.5%, while the food industry saw 11.3% growth."
British man attacked for entering a āno-go zoneā in London.
A horde of Islamists surrounded him and questioned why he was in ātheirā neighborhood.
They threatened him and began chanting āAllahu Akbarā as they kicked him out.
A 65-year-old couple retiring in 2025 with average earnings will receive an estimated $1.34 million in lifetime benefits, while contributing only $720,000 in todayās dollars.
That shortfallāmore than $600,000 per coupleāis being made up by younger workers.
āMost of the growth in spending has gone to retirement and healthcare, while programs that promote upward mobility... have been left behindā
https://www.newsweek.com/social-security-medicare-young-workers-cost-10477619