Mid-Week Update

Mid-Week Update #4: El American’s Hottest Stories of the Week

Priscila Guinovart presents a summary of the most relevant news of the week in the U.S. and around the world.

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In the fourth installment of El American’s Mid-Week Update, the space dedicated to refreshing the most relevant news of the week, Priscila Guinovart briefly reviews the most striking details of the last few days in the United States and the world.

The Pandora Papers scandal

A journalistic investigation, known as the Pandora Papers, exposed the private financial data of hundreds of people around the world, including artists, athletes, businessmen, politicians, and several criminals.

The eye-catching list, which includes celebrities such as Colombian singer Shakira and Peruvian Nobel Literature Prize winner Mario Vargas-Llosa, although it exposed the off-shore accounts of several celebrities, few of those involved face charges of corruption or any crime.

However, the European Union has already announced that it plans to draw up new rules to prevent tax evasion.

Debt ceiling agreed in the Senate

The U.S. Senate reached an agreement on the hotly debated public debt ceiling in a close 50-48 vote. The bill raises the debt limit by $480 billion through December and avoids default.

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So far, Biden appears to have won over moderate Democratic Senators Kyrsten Sinema and Joe Manchin, against whom a harassment and smear campaign was waged for their emphatic opposition to raising government spending budgets. The measure now moves to the House of Representatives, which will have to vote this week.

The Biden administration reportedly had information about the Haitian migrant wave

Last week it was reported that the Biden administration would have had knowledge in July that thousands of Haitian migrants were approaching the border. According to allegations by various U.S. officials, they did not imagine that the number would be so high: about 28,000 Haitians arrived at the border in September alone.

Container crisis continues

Bottlenecks at California ports, among other major U.S. wharves, continue to be a consequence of the so-called container crisis.

Before the pandemic, it was unusual to have more than one ship in the waiting lane at the country’s main port, which handles more than half of all imports. Today there are more than 60.

The consequences are already being felt in rising prices, which directly affect the pockets of Americans.

Facebook’s crash brought the world to a halt

Last October 4, a sudden crash in the platforms of the Facebook group, which includes Instagram and WhatsApp, affected users around the globe. The company explained that the failure was the result of a connection problem during routine maintenance.

This failure, worsened by an internal configuration problem, made it difficult for technical teams to respond quickly.

Facebook’s whistleblower

The revelations brought to light by Frances Haugen, Facebook’s data scientist, could cause the biggest scandal ever to hit Mark Zuckerberg’s company.

Haugen said Facebook undermines democracy, harms children and sows political division in pursuit of million-dollar profits.

mid week update
Frances Haugen, Facebook whistleblower, appears before the Senate Commerce, Science and Transportation Subcommittee at the Russell Senate Office Buidling in Washington, DC, USA 05 October 2021. (Image: EFE)

Bitcoin grows despite its ban in China

Despite China’s Communist Party banning all cryptocurrency transactions in its economy, recently the size of the Bitcoin market reached $1 trillion. A phenomenon unique to the star cryptocurrency.

China and Taiwan face new crisis

Tensions between China and Taiwan have escalated in recent weeks in the face of Beijing’s threatened invasion of the island. China’s violent escalation prompted U.S. arms sales to Taiwan and Australia’s decision to choose nuclear submarines to defend the Indo-Pacific.

Squid-Game: a new hit from South Korea

Netflix’s new South Korean series, Squid Game, joins the list of hits that the Asian country has placed in the West in recent years, alongside the music boom of Gangnam Style and BTS, and alongside the Oscar-winning Parasite.

The undisputed success of the series places it as the most-watched on the platform in the last month.

Every week, El American premieres a new episode of Mid-Week Update with the most relevant news of the last few days.

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