US town divided by factory deal as candidates compete to be toughest on China

In the American Midwest, a local fight over a Chinese electric vehicle battery factory reflects broader controversy over Chinese investments in the U.S. VOA’s Calla Yu reports on how the issue of U.S.-China competition is playing out in a small city in Michigan during this year’s U.S. presidential election. Videographer: Yu Gang

Dozens dead, millions without power after Helene’s march across southeastern US

PERRY, Florida — Hurricane Helene caused dozens of deaths and billions of dollars of destruction across a wide swath of the southeastern United States, and more than 3 million customers went into the weekend without power and, for some, a continued threat of floods.

Helene blew ashore in Florida’s Big Bend region as a Category 4 hurricane late Thursday packing winds of 225 kilometers per hour and then quickly moved through Georgia, the Carolinas and Tennessee. The storm uprooted trees, splintered homes and sent creeks and rivers over their banks and straining dams.

Western North Carolina was essentially cut off because of landslides and flooding that forced the closure of Interstate 40 and other roads. There were hundreds of water rescues, none more dramatic than in rural Unicoi County in eastern Tennessee, where dozens of patients and staff were plucked by helicopter from the roof of a hospital that was surrounded by water from a flooded river.

The storm, now a post-tropical cyclone, was expected to hover over the Tennessee Valley on Saturday and Sunday, the National Hurricane Center said. Several flood and flash flood warnings remained in effect in parts of the southern and central Appalachian Mountains, while high wind warnings also covered parts of Tennessee and Ohio.

Among the at least 44 people killed in the storm were three firefighters, a woman and her 1-month-old twins, and an 89-year-old woman whose house was struck by a falling tree. According to an Associated Press tally, the deaths occurred in Florida, Georgia, North Carolina, South Carolina and Virginia.

When the water hit knee-level in Kera O’Neil’s home in Hudson, Florida, she knew it was time to escape.

“There’s a moment where you are thinking, ‘If this water rises above the level of the stove, we are not going to have much room to breathe,’” she said, recalling how she and her sister waded through chest-deep water with one cat in a plastic carrier and another in a cardboard box.

Evacuations and record rainfall

In North Carolina, a lake featured in the movie “Dirty Dancing” overtopped a dam and surrounding neighborhoods were evacuated, although there were no immediate concerns it would fail.

People also were evacuated from Newport, Tennessee, a town of about 7,000 people, amid concerns about a dam near there, although officials later said the structure had not failed.

Tornadoes hit some areas, including one in Nash County, North Carolina, that critically injured four people.

Atlanta received a record 28.24 centimeters of rain in 48 hours, the most the city has seen in a two-day period since recordkeeping began in 1878, Georgia’s Office of the State Climatologist said on the social platform X. Some neighborhoods were so badly flooded that only car roofs could be seen poking above the water.

Moody’s Analytics said it expects $15 billion to $26 billion in property damage.

Climate change has exacerbated conditions that allow such storms to thrive, rapidly intensifying in warming waters and turning into powerful cyclones sometimes in a matter of hours.

Big Bend region hit hard

Florida’s Big Bend is a part of the state where salt marshes and pine flatwoods stretch into the horizon, and where the condo developments and strip malls that have carved up so much of the state’s coastlines elsewhere are largely absent.

It’s a place where Susan Sauls Hartway and her 4-year-old Chihuahua mix, Lucy, could afford to live within walking distance of the beach on her salary as a housekeeper.

At least, until her house was carried away by Helene. Friday afternoon, Hartway wandered around her street near Ezell Beach, searching for where the storm may have deposited her home.

“It’s gone. I don’t know where it’s at. I can’t find it,” she said of her house.

Born and raised in rural Taylor County, Hartway said there is nowhere in the world she would rather be, even after Helene. But she’s watched as wealthier residents from out of state have bought up second homes here. She wonders how many of them will sell out — and what will happen to the locals who have nowhere else to go.

“There’s so many people down here … this was all they had,” she said.

The community has taken direct hits from three hurricanes since August 2023.

All five who died in one Florida county were in neighborhoods where residents were told to evacuate, said Bob Gualtieri, the sheriff in Pinellas County in the St. Petersburg area. Some who stayed ended up having to retreat to their attics to escape the rising water. He said the death toll could rise as crews go door-to-door in flooded areas.

More deaths were reported in Georgia and the Carolinas, including two South Carolina firefighters and a Georgia firefighter who died when trees struck their trucks. Virginia Governor Glenn Youngkin reported at least one death in his state.

Power loss and infrastructure damage

President Joe Biden said he was praying for survivors, and the head of the Federal Emergency Management Agency headed to the area. The agency deployed more than 1,500 workers, and they helped with 400 rescues by late Friday morning.

Officials urged people who were trapped to call for rescuers and not tread floodwaters, warning they can be dangerous due to live wires, sewage, sharp objects and other debris.

In Georgia, an electrical utility group warned of “catastrophic” damage to utility infrastructure, with more than 100 high-voltage transmission lines damaged. And officials in South Carolina, where more than 40% of customers were without power, said crews had to cut their way through debris just to determine what was still standing in some places.

The hurricane came ashore near the mouth of the Aucilla River, about 30 kilometers northwest of where Hurricane Idalia hit last year at nearly the same ferocity. Florida Governor Ron DeSantis said the damage from Helene appears to be greater than the combined effects of Idalia and Hurricane Debby in August.

The destruction extended far beyond Florida.

Historic flooding expected

A mudslide in the Appalachian Mountains washed out part of an interstate highway at the North Carolina-Tennessee state line.

Another slide hit homes in North Carolina, and occupants had to wait more than four hours to be rescued, said Ryan Cole, the emergency services assistant director in Buncombe County. His 911 center received more than 3,300 calls in eight hours Friday.

“This is something that we’re going to be dealing with for many days and weeks to come,” Cole said.

Forecasters warned of flooding in North Carolina that could be worse than anything seen in the past century. The Connecticut Army National Guard sent a helicopter to help.

Helene was the eighth named storm of the Atlantic hurricane season, which began June 1. The National Oceanic and Atmospheric Administration has predicted an above-average season this year because of record-warm ocean temperatures.

Cambodia’s new canal could boost trade but risks harming key river

PREK TAKEO, Cambodia — The Mekong River is a lifeline for millions in the six countries it traverses on its way from its headwaters to the sea, sustaining the world’s largest inland fishery and abundant rice paddies on Vietnam’s Mekong Delta.

Cambodia’s plan to build a massive canal linking the Mekong to a port on on its own coast on the Gulf of Thailand is raising alarm that the project could devastate the river’s natural flood systems, worsening droughts and depriving farmers on the delta of the nutrient-rich silt that has made Vietnam the world’s third-largest rice exporter.

Cambodia hopes that the $1.7 billion Funan Techo canal, being built with Chinese help, will support its ambition to export directly from factories along the Mekong without relying on Vietnam, connecting the capital Phnom Penh with Kep province on Cambodia’s southern coast.

At an August 5 groundbreaking ceremony, Cambodian Prime Minister Hun Manet said the canal will be built “no matter what the cost.” By reducing costs of shipping to Cambodia’s only deep-sea port, at Sihanoukville, the canal will promote, “national prestige, the territorial integrity and the development of Cambodia,” he said.

Along with those promises comes peril. Here is a closer look.

The threat to the Mekong

The Mekong River flows from China through Myanmar, Thailand, Laos, Cambodia and Vietnam. It supports a fishery that accounts for 15% of the global inland catch, worth more than $11 billion annually, according to the nonprofit World Wildlife Fund. Flooding during the wet season makes the Mekong Delta one of the world’s most productive farm regions.

The river already has been disrupted by dams built upstream in Laos and China that restrict the amount of water flowing downstream, while rising seas are gnawing away at the southern edges of the climate-vulnerable Mekong Delta.

Brian Eyler, director of the Washington-based Stimson Center’s Southeast Asia Program, warns that high embankments along the 100-meter-wide, 5.4-meter-deep canal will prevent silt-laden floodwater from flowing downstream to Vietnam. That could worsen drought in Vietnam’s rice bowl and Cambodia’s floodplains, an area stretching over roughly 1,300-square kilometers.

The view from Vietnam’s rice bowl

A drier Mekong Delta is a concern for Vietnam’s agricultural sector, which powers 12% of its economy. The southwestern provinces of An Giang and Kien Giang would likely be most impacted. The delta’s latticework of rivers crisscrossing green fields is vital for Vietnam’s own plans of growing “high quality, low emission rice” on 1 million hectares of farmland by 2030. The aim is to cut earth-warming greenhouse gases, lower production costs and increase farmers’ profits.

Water from the river is “essential” not just for Vietnam’s more than 100 million people but also for global food security, said Nguyen Van Nhut, director of rice export company Hoang Minh Nhat.

Vietnam’s exports of 8.3 million metric tons of rice in 2023 accounted for 15% of global exports. Most was grown in the Mekong Delta. The amount of silt being deposited by the river has already dropped and further disruptions will worsen salinity in the area, hurting farming, Nhat said.

“This will be a major concern for the agriculture sector of the Mekong delta,” he said.

Cambodia’s view

Cambodia says the canal is a “tributary project” that will connect to the Bassac River near Phnom Penh. President Hun Sen claimed on social media platform X that this means there would be “no impact on the flow of the Mekong River.”

But blueprints show the canal will connect to the Mekong’s mainstream and in any case the Bassac consists entirely of water from the Mekong, Eyler said.

Cambodian authorities are downplaying the potential environmental impacts of the project. “This is their logic-defying basis for justifying no impact to the Mekong River,” he said.

A document submitted in August 2023 to the Mekong River Commission — an organization formed for cooperation on issues regarding the Mekong — does not mention using water from the canal for irrigation, though Cambodia has since said it plans to do so. The Stimson Center added it was “logical” that irrigation would be needed during dry months, but that would require negotiating an agreement with the other Mekong countries.

The Mekong River Commission told The Associated Press all major projects on the Mekong River “should be assessed for their potential transboundary impacts.” It said it was providing technical support to “increase transparency and cooperation among concerned countries.”

Sun Chanthol, the Cambodian deputy prime minister who oversees the project, didn’t respond to a request for comments.

Nationalistic rhetoric and tense neighbors

Cambodia has rejected criticism of the canal, which is widely seen as an effort by the country’s ruling elite to curry support for Prime Minister Hun Manet, who succeeded his father Hun Sen, who led Cambodia for 38 years.

The canal is to be built jointly by Chinese state-owned construction giant China Road and Bridge Corporation and Cambodian companies. But it is enveloped in nationalistic rhetoric. The canal would provide Cambodia a “nose to breathe through” by reducing its dependence on Vietnam, Hun Sen has said.

Vietnam has avoided openly criticizing its neighbor, instead communicating its concerns quietly. Vietnamese Foreign Ministry spokesperson Pham Thu Hang said at a press conference in May that Hanoi had asked Cambodia to share information and assess the environmental impacts of the project to “ensure the harmony of interests” of Mekong countries.

Many Cambodians remain suspicious of Vietnam’s intentions, believing it may want to annex Cambodian territory. Given the contentious past between the two countries, bigger and richer Vietnam is taking care not to appear to be impinging on Cambodian sovereignty, said Nguyen Khac Giang, an analyst at Singapore’s ISEAS-Yusof Ishak Institute.

“Although in Vietnam, there are big concerns,” he said.

Lost in Cambodia’s nationalistic rhetoric are the concerns of people like Sok Koeun, 57, who may lose her home.

The tin-roofed cottage where she has lived with her family since 1980 is right where the canal is due to be built. The river provides her with fish to feed her family when she struggles to get by selling sugarcane juice and recycling plastic cans.

No one has been in touch, she says, to answer her mounting questions: Will she get compensated? Will she get land? Or cash? Where will they go?

“I only learned about it (the canal) just now,” she said.

Brazil imposes new fine, demands payments before letting X resume

SAO PAULO/BRASILIA BRAZIL — Brazil’s Supreme Court said on Friday that social platform X still needs to pay just over $5 million in pending fines, including a new one, before it will be allowed to resume its service in the country, according to a court document. 

Earlier this week, the Elon Musk-owned U.S. firm told the court it had complied with orders to stop the spread of misinformation and asked it to lift a ban on the platform. 

But Judge Alexandre de Moraes responded on Friday with a ruling that X and its legal representative in Brazil must still agree to pay a total of $3.4 million in pending fines that were previously ordered by the court. 

In his decision, the judge said that the court can use resources already frozen from X and Starlink accounts in Brazil, but to do so the satellite company, also owned by Musk, had to drop its pending appeal against the fund blockage.  

The judge also demanded a new $1.8 million fine related to a brief period last week when X became available again for some users in Brazil. 

X, formerly known as Twitter, did not immediately respond to a request for comment. 

According to a person close to X, the tech firm will likely pay all the fines but will consider challenging the fine that was imposed by the court after the platform ban.  

X has been suspended since late August in Brazil, one of its largest and most coveted markets, after Moraes ruled it had failed to comply with orders related to restricting hate speech and naming a local legal representative. 

Musk, who had denounced the orders as censorship and called Moraes a “dictator,” backed down and started to reverse his position last week, when X lawyers said the platform tapped a local representative and would comply with court rulings. 

In Friday’s decision, Moraes said that X had proved it had now blocked accounts as ordered by the court and had named the required legal representative in Brazil. 

African leaders at UN warn against dwindling malaria funding

Abuja, Nigeria — Leaders in Africa say the fight against malaria on the continent is facing significant funding gaps due to the ongoing global financial crisis and the impact of climate change.

African leaders this week met in New York on the sidelines of the United Nations General Assembly and called for a concerted effort to avert a funding crisis they say could set back decades of progress in the fight against malaria.

The African Leaders Malaria Alliance, or ALMA, which hosted the high-level meeting, said if malaria funding continues to shrink, there will be an expected additional 112 million cases and some 280,000 deaths by the year 2029.

Africa already accounts for an estimated 236 million malaria cases — or 95% of the global total — and 97% of deaths. Nigeria accounts for nearly a third of that burden.

Guinea-Bissau President Umaro Sissoco Embalo, who serves as chair of ALMA, said that Africa stands at a critical moment in the fight against malaria.

“We must act urgently to protect lifesaving malaria intervention,” he said. “This is very important because our target is to finish with malaria in Africa.”

Experts said Africa needs up to $6.3 billion in malaria funding annually to eliminate the disease and called for continued support for malaria financing within the global funding framework.

ALMA also said the impact of climate change and growing resistance to insecticide and antimalarials are further hampering progress against the disease in Africa.

Ngashi Ngongo, head of the Executive Office at the Africa Union, said, “Achieving the elimination of malaria alongside progress toward other endemic diseases such as HIV and TB will lay the foundation for reducing Africa’s disease burden and further propel the achievement of universal health coverage on the continent.

“This progress is essential for strengthening health systems, and it is a necessity as we prepare for future pandemics, which are inevitable,” he said.

Following the World Health Organization’s approval last year, the first malaria vaccines are being introduced into routine child immunization schedules across Africa.

And on Thursday in New York, Nigerian health authorities signed a deal with U.S.-based drone company Zipline to use artificial intelligence-powered drones to expand access to medical supplies, including blood and vaccines.

Abdu Muktar, who is the national coordinator of Nigeria’s Unlocking Healthcare Value-Chain Initiative, commended the “very bold agenda” for producing health care products locally.

“But now we also have to be able to deliver,” he said. “What Zipline is doing is using technology to make sure you deliver. You’ll be able to reduce wastage in whatever it is — vaccines, therapeutics. You’ll be able to be accountable. … You are able to reach more people.”

In 2022, governments of malaria-endemic countries contributed about $1.5 billion toward combatting the disease.

Zimbabwe currency plunges after central bank move to allow more flexibility

Harare, Zimbabwe — The value of Zimbabwe’s gold-backed currency plunged 44% Friday on the official market.

The sudden drop of the gold backed currency, known as ZiG, began Friday shortly after the Reserve Bank of Zimbabwe’s monetary committee met and bank governor John Mushayavanhu said that after looking at “the recent macroeconomic and financial developments and economic outlook,” the bank was ready to “allow greater exchange rate flexibility, in line with the increased demand for foreign currency in the economy.”

Immediately after, the ZiG started trading at 25 to 1 U.S. dollar, down from 14, where it had been since it was introduced in April.

Tapiwa Mupandawana, a Zimbabwean independent economist and doctoral student at Africa Research University in Zambia, said allowing the ZiG to plunge is an adjustment toward its real value and a reflection of the actual state of Zimbabwe’s economy.

“The value of a currency is the derivative of the productive capacity of the country,” Mupandawana said. “So, in any case, you cannot have a stable currency if you do not have a stable economy.”

Prosper Chitambara, senior economist with the Labor and Economic Development Research Institute of Zimbabwe, said the decision to allow the ZiG to drop could be positive for the economy and a sign the central bank is allowing market forces to play more of a role in determining the value of the country’s currency.

“[It] should have some stabilizing effect on the exchange rate,” Chitambara said. “I don’t think it is going to have a major impact in terms of pricing on the economy, given that most businesses were already indexing their … ZiG pricing based on the parallel market or based on the black-market premium.”

The gold-backed ZiG is the sixth type of currency Zimbabwe has tried to use since the Zimbabwean dollar collapsed amid hyperinflation in 2009. After Friday’s official devaluation, the ZiG was trading at around 50 on the black market. Before Friday it was trading at 35 ZiG to 1 U.S. dollar.

Push for renewable energy sparks new environmental worries

According to the International Energy Agency, the world now invests almost twice as much in clean energy as it does in fossil fuels. But with that shift comes environmental risks related to the mining of critical minerals. VOA’s Jessica Stone looks at how nations are navigating the environmental challenges of creating a renewable future.

Oxfam: ‘Oligarchy’ of super-rich undermining cooperation to tackle poverty, climate change

As world leaders gather for the annual United Nations General Assembly in New York this week, the charity Oxfam says they are being undermined by what it calls a ‘global oligarchy’ of the super-rich who exert control over the global economy. The organization accuses them of exacerbating problems like extreme inequality and climate change. Henry Ridgwell reports.

Oxfam: ‘Oligarchy’ of super-rich undermining cooperation to tackle poverty, climate change

London — As world leaders gather for the annual United Nations General Assembly in New York this week, the charity Oxfam says they are being undermined by what it calls a “global oligarchy” of the super-rich who exert considerable control over the global economy – and who it blames for exacerbating problems like extreme inequality and climate change.

“Today, the world’s richest 1% own more wealth than 95% of humanity. The immense concentration of wealth, driven significantly by increased monopolistic corporate power, has allowed large corporations and the ultrarich who exercise control over them to use their vast resources to shape global rules in their favor, often at the expense of everyone else,” the Oxfam report says.

The charity says international cooperation on issues like climate change and poverty is failing due to extreme economic inequality.

“The wealth of the world’s five richest men has doubled since the start of this decade. And nearly five billion people have got poorer,” said Nabil Ahmed, the director of economic and racial justice at Oxfam America, in an interview with VOA.

Fair taxes

The report urges fairer taxation of large corporations and the ultra-wealthy.

“We live in a world in which mega-corporations… are paying next to or little to no tax basically. Not like the small businesses, not like the rest of us,” Ahmed said.

“It’s such a phenomenal lost opportunity because we know governments, rich and poor, across the world need to claw back these revenues to be able to invest in their people, to be able to meet their rights,” he added.

Oxfam praises a campaign led by Brazil, which currently holds the presidency of the G20, to impose a 2% minimum tax on the world’s richest billionaires. Brazil’s government claims it would raise up to $250 billion from about 3,000 individuals, to pay for healthcare, education and tackling climate change.

A report by the French economist Gabriel Zucman, commissioned by Brazil, suggests billionaires currently pay the equivalent of 0.3% of their wealth in taxes.

The plan is backed by other members including South Africa, Spain and France. However, U.S. Treasury Secretary Janet Yellen spoke against the move at a G20 meeting in July.

“Tax policy is very difficult to coordinate globally and we don’t see a need or really think it’s desirable to try to negotiate a global agreement on that. We think that all countries should make sure that their taxation systems are fair and progressive,” Yellen told reporters.

Private debt

Oxfam says tax revenues in the global south meanwhile are increasingly spent on servicing debt to private creditors like banks and hedge funds.

“This shift has exacerbated the debt crisis, further entrenching “debtocracy.” Compared with official creditors, private entities issue debt with shorter maturities and higher, more volatile interest rates,” the Oxfam report says.

Vaccines

The charity also accuses large pharmaceutical companies of shaping rules over intellectual property rights to benefit their shareholders. Oxfam says that during the COVID-19 pandemic, this meant poorer nations struggled to access coronavirus vaccines, such as the mRNA vaccine made by Pfizer.

“Its negative impacts are most harshly felt by countries in the Global South, which bear the brunt of “artificial rationing,” where pharmaceutical corporations keep drug costs — and thus profits — high by limiting generic manufacturing, while simultaneously failing to invest in research and development for priority diseases in the Global South deemed less profitable,” Oxfam said.

Responding to VOA, Pfizer highlighted an open letter written by the company’s chairman Albert Bourla in 2021, in which he said the company had created a tiered pricing structure and had offered its mRNA coronavirus vaccine at cost price or for free to poorer nations. However, Bourla said that many richer countries moved faster to purchase the available doses.

“When we developed our tiered pricing policy, we reached out to all nations asking them to place orders so we could allocate doses for them. In reality, the high-income countries reserved most of the doses,” Bourla wrote.

Pfizer’s chairman also warned that losing intellectual property rights could “disincentivize” anyone else from taking a big financial risk in developing such vaccines, a view echoed by other large pharmaceutical giants.

Hong Kong welcomes new giant pandas gifted by Beijing

HONG KONG — Hong Kong welcomed a new pair of giant pandas gifted by Beijing on Thursday with a lavish ceremony, raising hopes for a boost to the city’s tourism.

An An and Ke Ke are the third pair of giant pandas to be sent to the city from mainland China since the former British colony returned to Chinese rule in 1997. Their arrival came after their new neighbor, Ying Ying, gave birth to twins last month and became the world’s oldest first-time panda mother on record.

With the addition of the new bears, the twins, and their father, Le Le, Hong Kong now houses six pandas.

Chief Executive John Lee on Tuesday said An An is a 5-year-old male panda who is agile, intelligent and active, while Ke Ke, a 5-year-old female, is good at climbing, cute and has a gentle temperament.

The new arrivals will undergo two months of quarantine and adapt to their new home at Ocean Park, a zoo and aquarium that has long been a favorite of residents and tourists. Lee expressed hope that the public could meet the new bears in mid-December.

In October, the government will invite residents to propose new names that showcase the pandas’ characteristics.

Tourism industry representatives are optimistic about the potential impact of housing six pandas, hoping it will boost visitor numbers in Hong Kong. Officials have encouraged businesses to capitalize on the popularity of the new bears and newborn cubs to seize opportunities in what some lawmakers have dubbed the “panda economy.”

Pandas are widely considered China’s unofficial national mascot. The country’s giant panda loan program with overseas zoos has long been seen as a tool of Beijing’s soft-power diplomacy. Giant pandas are only found in China’s southwest and their population is under threat from development.

But caring for pandas in captivity is expensive. A zoo in Finland agreed with Chinese authorities to return two loaned giant pandas to China more than eight years ahead of schedule because they were too costly for the facility to maintain amid declining visitors.

Hong Kong’s Ocean Park has been hosting pandas since 1999, when the first pair, An An and Jia Jia, arrived in the financial hub shortly after it was handed back to China.

Jia Jia, who died at 38 in 2016, is the world’s oldest-ever panda to have lived in captivity. The average lifespan for a panda in the wild is 18 to 20 years, while in captivity it’s 30 years, according to the Guinness World Records.

Harris promises tax breaks, investments for US manufacturers

PITTSBURGH — U.S. Vice President Kamala Harris said on Wednesday she would offer tax credits to domestic manufacturers and invest in sectors that will “define the next century,” as she detailed her economic plan to boost the U.S. middle class.

Speaking at the Economic Club of Pittsburgh in the battleground state of Pennsylvania, the Democratic candidate in the November 5 presidential election said she would give tax credits to U.S. manufacturers for retooling or rebuilding existing factories and expanding “good union jobs,” and double the number of registered apprenticeships during her first term.

Harris also promised new investments in industries like bio-manufacturing, aerospace, artificial intelligence and clean energy.

Harris’ speech, which lasted just under 40 minutes, did not detail how these policies would work. She highlighted her upbringing by a single mother, in contrast with former President Donald Trump, the wealthy son of a New York real estate developer.

“I have pledged that building a strong middle class will be the defining goal of my presidency,” Harris said, adding that she sees the election as a moment of choice between two “fundamentally different” visions of the U.S. economy held by her and her Republican opponent, Trump.

The vice president and Trump are focusing their campaign messaging on the economy, which Reuters/Ipsos polling shows is voters’ top concern, as the election approaches.

The divide between rich and poor has grown in recent decades. The share of American households in the middle class, defined as those with two-thirds to double that of median household income, has dropped from around 62% in 1970 to 51% in 2023, Pew Research shows. These households’ income has also not grown as fast as those in the top tier.

Harris said she was committed to working with the private sector and entrepreneurs to help grow the middle class. She told the audience that she is “a capitalist” who believes in “free and fair markets,” and described her policies as pragmatic rather than rooted in ideology.

Harris in recent months has blunted Trump’s advantage on the economy, with a Reuters/Ipsos poll published on Tuesday showing the Republican candidate with a marginal advantage of 2 percentage points on “the economy, unemployment and jobs,” down from an 11-point lead in late July.

Trump discussed his economic plan in North Carolina on Wednesday and said Harris’ role as vice president gave her the chance now to improve the economic record of the Biden administration.

“Families are suffering now. So if she has a plan, she should stop grandstanding and do it,” he said. While Trump has proposed across-the-board tariffs on foreign-made goods — a proposal backed by a slim majority of voters — Harris is focusing on providing incentives for businesses to keep their operations in the U.S.

Boosting American manufacturing in industries such as semiconductors and bringing back jobs that have moved overseas in recent decades have also been major goals for Biden. The Infrastructure Investment and Jobs Act, the CHIPS and Science Act, and the Inflation Reduction Act — all passed in 2021 and 2022 — fund a range of subsidies and tax incentives that encourage companies to place projects in disadvantaged regions.

CrowdStrike executive apologizes to Congress for July global tech outage

WASHINGTON — An executive at cybersecurity company CrowdStrike apologized in testimony to Congress for sparking a global technology outage over the summer. 

“We let our customers down,” said Adam Meyers, who leads CrowdStrike’s threat intelligence division, in a hearing before a U.S. House cybersecurity subcommittee Tuesday. 

Austin, Texas-based CrowdStrike has blamed a bug in an update that allowed its cybersecurity systems to push bad data out to millions of customer computers, setting off a global tech outage in July that grounded flights, took TV broadcasts off air and disrupted banks, hospitals and retailers. 

“Everywhere Americans turned, basic societal functions were unavailable,” House Homeland Security Committee Chairman Mark Green said. “We cannot allow a mistake of this magnitude to happen again.” 

The Tennessee Republican likened the impact of the outage to an attack “we would expect to be carefully executed by a malicious and sophisticated nation-state actor.” 

“We’re deeply sorry and we are determined to prevent this from ever happening again,” Meyers told lawmakers while laying out the technical missteps that led to the outage of about 8.5 million computers running Microsoft’s Windows operating system. 

Meyers said he wanted to “underscore that this was not a cyberattack” but was, instead, caused by a faulty “rapid-response content update” focused on addressing new threats. The company has since bolstered its content update procedures, he said. 

The company still faces a number of lawsuits from people and businesses that were caught up in July’s mass outage. 

Former executive gets 2 years in prison for role in FTX fraud

new york — Caroline Ellison, a former top executive in Sam Bankman-Fried’s fallen FTX cryptocurrency empire, was sentenced to two years in prison on Tuesday after she apologized repeatedly to everyone hurt by a fraud that stole billions of dollars from investors, lenders and customers. 

U.S. District Judge Lewis A. Kaplan said Ellison’s cooperation was “very, very substantial” and “remarkable.” 

But he said a prison sentence was necessary because she had participated in what might be the “greatest financial fraud ever perpetrated in this country and probably anywhere else” or at least close to it. 

He said in such a serious case, he could not let cooperation be a get-out-of-jail-free card, even when it was clear that Bankman-Fried had become “your kryptonite.” 

“I’ve seen a lot of cooperators in 30 years here,” he said. “I’ve never seen one quite like Ms. Ellison.”

She was ordered to report to prison on November 7. 

Ellison, 29, pleaded guilty nearly two years ago and testified against Bankman-Fried for nearly three days at a trial last November. 

At sentencing, she emotionally apologized to anyone hurt by the fraud that stretched from 2017 through 2022. 

“I’m deeply ashamed with what I’ve done,” she said, fighting through tears to say she was “so so sorry” to everyone she had harmed directly or indirectly. 

She did not speak as she left Manhattan federal court, surrounded by lawyers. 

In a court filing, prosecutors had called her testimony the “cornerstone of the trial” against Bankman-Fried, 32, who was found guilty of fraud and sentenced to 25 years in prison. 

In court Tuesday, Assistant U.S. Attorney Danielle Sassoon called for leniency, saying her testimony was “devastating and powerful proof” against Bankman-Fried. 

The prosecutor said Ellison’s time on the witness stand was very different from Bankman-Fried, who she said was “evasive, even contemptuous, and unable to answer questions directly” when he testified. 

Attorney Anjan Sahni asked the judge to spare his client from prison, citing “unusual circumstances,” including her off-and-on romantic relationship with Bankman-Fried and the damage caused when her “whole professional and personal life came to revolve” around him. 

FTX was one of the world’s most popular cryptocurrency exchanges, known for its Superbowl TV ad and its extensive lobbying campaign in Washington before it collapsed in 2022. 

U.S. prosecutors accused Bankman-Fried and other executives of looting customer accounts on the exchange to make risky investments, make millions of dollars of illegal political donations, bribe Chinese officials, and buy luxury real estate in the Caribbean. 

Ellison was chief executive at Alameda Research, a cryptocurrency hedge fund controlled by Bankman-Fried that was used to process some customer funds from FTX. 

As the business began to falter, Ellison divulged the massive fraud to employees who worked for her even before FTX filed for bankruptcy, trial evidence showed. 

Ultimately, she also spoke extensively with criminal and civil U.S. investigators. 

Sassoon said prosecutors were impressed that Ellison did not “jump into the lifeboat” to escape her crimes but instead spent nearly two years fully cooperating. 

Since testifying at Bankman-Fried’s trial, Ellison has engaged in extensive charity work, written a novel, and worked with her parents on a math enrichment textbook for advanced high school students, according to her lawyers. 

They said she also now has a healthy romantic relationship and has reconnected with high school friends she had lost touch with while she worked for and sometimes dated Bankman-Fried from 2017 until late 2022. 

US Justice Department sues Visa, saying it monopolizes debit card markets

NEW YORK — The U.S. Justice Department filed an antitrust lawsuit against Visa on Tuesday, alleging that the financial services behemoth uses its size and dominance to stifle competition in the debit card market, costing consumers and businesses billions of dollars.

The complaint says Visa penalizes merchants and banks who don’t use Visa’s own payment processing technology to process debit transactions, even though alternatives exist. Visa earns an incremental fee from every transaction processed on its network.

According to the DOJ’s complaint, 60% of debit transactions in the United States run on Visa’s debit network, allowing it to charge over $7 billion in fees each year for processing those transactions.

“We allege that Visa has unlawfully amassed the power to extract fees that far exceed what it could charge in a competitive market,” said Attorney General Merrick Garland in a statement. “Merchants and banks pass along those costs to consumers, either by raising prices or reducing quality or service. As a result, Visa’s unlawful conduct affects not just the price of one thing — but the price of nearly everything.”

The Biden administration has aggressively gone after U.S. companies that it says act like middlemen, such as Ticketmaster parent Live Nation and the real estate software company RealPage, accusing them of burdening Americans with nonsensical fees and anticompetitive behavior. The administration has also brought charges of monopolistic behavior against technology giants such as Apple and Google.

According to the DOJ complaint, filed in the U.S. District Court for the Southern District of New York, Visa leverages the vast number of transactions on its network to impose volume commitments on merchants and their banks, as well as on financial institutions that issue debit cards. That makes it difficult for merchants to use alternatives, such as lower-cost or smaller payment processors, instead of Visa’s payment processing technology, without incurring what DOJ described as “disloyalty penalties” from Visa.

The DOJ said Visa also stifled competition by paying to enter into partnership agreements with potential competitors.

In 2020, the DOJ sued to block the company’s $5.3 billion purchase of financial technology startup Plaid, calling it a monopolistic takeover of a potential competitor to Visa’s ubiquitous payments network. That acquisition was later called off.

Visa previously disclosed the Justice Department was investigating the company in 2021, saying in a regulatory filing it was cooperating with a DOJ investigation into its debit practices.

Since the pandemic, more consumers globally have been shopping online for goods and services, which has translated into more revenue for Visa in the form of fees. Even traditionally cash-heavy businesses such as bars, barbers and coffee shops have started accepting credit or debit cards as a form of payment, often via smartphones.

Visa processed $3.325 trillion in transactions on its network during the quarter ended June 30, up 7.4% from a year earlier. U.S. payments grew by 5.1%, which is faster than U.S. economic growth.

Visa, based in San Francisco, did not immediately have a comment.

Swiss police detain several people in connection with ‘suicide capsule’

GENEVA — Police in northern Switzerland said Tuesday that several people have been detained and a criminal case opened in connection with the suspected death of a person in a “suicide capsule.”

The “Sarco” capsule is presumably designed to allow a person sitting in a reclining seat inside to push a button that injects nitrogen gas into the sealed chamber. The person is then supposed to fall asleep and die by suffocation in a few minutes.

Exit International, an assisted suicide group based in the Netherlands, said it is behind the 3D-printed device that cost over $1 million to develop.

Swiss law allows assisted suicide so long as the person takes his or her life with no “external assistance” and those who help the person die do not do so for “any self-serving motive,” according to a government website.

A law firm informed prosecutors in Schaffhausen canton that an assisted suicide involving the Sarco had taken place Monday near a forest cabin in Merishausen, regional police said in a statement. They said that “several people” were taken into custody and that prosecutors opened an investigation on suspicion of incitement and accessory to suicide.

Dutch newspaper Volkskrant reported Tuesday that police had detained one of its photographers who wanted to take pictures of the use of the Sarco. It said Schaffhausen police had indicated the photographer was being held at a police station but declined to give a further explanation.

The newspaper declined to comment further when contacted by the Associated Press. 

In an email, the Dutch Foreign Ministry told the AP that it was in contact with the newspaper and Swiss officials. 

“As always, we cannot interfere in the legal process of another country. At the same time, the Netherlands stands firmly for press freedom. It is very important that journalists worldwide can do their work freely,” it said. 

Exit International, the group behind the Sarco, said in a statement a 64-year-old woman from the U.S. Midwest — it did not specify further — who had suffered from “severe immune compromise” had died Monday afternoon near the German border using the Sarco device.

It said Florian Willet, co-president of The Last Resort, a Swiss affiliate of Exit International, was the only person present and described her death as “peaceful, fast and dignified.”

Dr. Philip Nitschke, an Australian-born trained doctor behind Exit International, has previously told the AP that his organization received advice from lawyers in Switzerland that the use of the Sarco would be legal in the country.

In the Exit International statement on Tuesday, Nitschke said he was “pleased that the Sarco had performed exactly as it had been designed … to provide an elective, non-drug, peaceful death at the time of the person’s choosing.”

The claims of Nitschke and Exit International could not be independently verified.

On Monday, Health Minister Elisabeth Baume-Schneider was asked in Swiss parliament about the legal conditions for the use of the Sarco capsule. She suggested its use would not be legal.

“On one hand, it does not fulfill the demands of the product safety law, and as such, must not be brought into circulation,” she said. “On the other hand, the corresponding use of nitrogen is not compatible with the article on purpose in the chemicals law.”

In July, Swiss newspaper Blick reported that Peter Sticher, a state prosecutor in Schaffhausen, wrote to Exit International’s lawyers saying any operator of the suicide capsule could face criminal proceedings if it was used there — and any conviction could bring up to five years in prison.

Prosecutors in other Swiss regions have also indicated that the use of the suicide capsule could lead to prosecution.

Over the summer, a 54-year-old U.S. woman with multiple health ailments had planned to be the first person to use the device, but those plans were abandoned.

Switzerland is among the only countries in the world where foreigners can travel to legally end their lives and has organizations that are dedicated to helping people kill themselves. But unlike others, including the Netherlands, Switzerland does not allow euthanasia, which involves health care practitioners killing patients with a lethal injection at their request and in specific circumstances.

Some lawmakers in Switzerland have argued that the law is unclear and have sought to close what they call legal loopholes.

Ancient coastal city in Egypt feels impact of changing climate

Egypt’s second-largest city, Alexandria, lies in the Eastern Mediterranean, a top climate change hotspot that has dealt with record global air and ocean temperatures this year. Egypt-based photojournalist Hamada Elrasam presents scenes of everyday life that have been impacted by the changing climate phenomenon in the low-lying metropolis that has survived over two millennia, only to find itself on this century’s climate frontlines. Written in collaboration with Elle Kurancid.