A massive blob of seaweed spanning more than 5,000 miles is headed for the shores of Florida, threatening to dampen tourist season with an incredibly sticky situation (forgive the pun). The seaweed will be prevalent on beaches in Florida around July, researchers say, after it completes its trajectory through the Caribbean and up into the Gulf of Mexico.
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Two banks collapsed over the past week, sparking fears that banking turmoil is spreading around the world. However, analysts say this is not a repeat of the 2008 global financial crisis and not necessarily a time to panic. “Americans’ money is safe,” former Treasury Secretary Larry Summers told CNN. This comes after another banking scare occurred Wednesday when Switzerland’s second-biggest lender, Credit Suisse, announced its biggest shareholder had no plans to give any more funds. This sent US stocks tumbling Wednesday, but futures are up after the company agreed to a $53 billion loan from the Swiss central bank. Separately, analysts say it may be tough to purchase a home right now, particularly if government regulators crack down on banks in the wake of their major fluctuations.
The US military released newly declassified video today showing the Russian downing of a US drone over the Black Sea on Tuesday. While Russia’s defense ministry denied its aircraft came into contact with the drone, the video shows a Russian fighter jet dumping fuel as it intercepts the US drone. Russia said it will try to retrieve the wreckage of the downed drone and has reportedly sent its forces to the site of the crash. The US said earlier it was taking measures to ensure the drone won’t fall into the wrong hands but admitted it may never be recovered. Following…
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