Trump signs law assigning $3 billion a year for conservation

Following overwhelming bipartisan Congressional support for the measure, on Tuesday President Donald Trump signed the Great American Outdoors Act that will assign $3 billion a year to conservation, outdoor recreation, and maintenance of national parks and other public lands, USA News reports.

Tech giants CEOs grilled by lawmakers from both parties

At a congressional hearing Wednesday, lawmakers from both the Republican and Democratic parties questioned the CEOs of Amazon, Apple, Facebook and Google, to understand whether these dominant companies have become “corporate bullies” that systemically buy out or destroy competitors, CBS News reports. The hearing is especially pertinent as the COVID-19 economic disaster has crushed small and larger businesses worldwide while these tech giants have grown richer by the billions of dollars. The CEO of each company gave evidence virtually to the House Judiciary subcommittee on antitrust.

Estimate: U.S. GDP fell almost 33 percent in 2nd quarter

U.S. Gross Domestic Product dropped an estimated 32.9 percent in the second quarter of 2020, according to a report from the Bureau of Economic Analysis released Thursday, a result of stay-at-home orders that shuttered businesses in response to COVID-19.

US Budget Deficit Hits All-Time High of $864 Billion in June

The U.S. government, faced with a surge in COVID-19 cases and their economic impact, said it incurred its biggest monthly deficit ever in June, an $864 billion figure that is more than the country usually has recorded annually throughout its history.

Former Assemblies of God leader becomes President of Malawi

The former head of the Assemblies of God denomination in Malawi has now been elected president of the country. Lazarus Chakwera was sworn in Sunday, having won 58% of the vote to beat incumbent Peter Mutharika, Evangelical Focus reported.

Top Democrat announces $500 million funding for Israel defense

The top Democrat on the US Senate Armed Services Committee has announced a funding package of $500 million for Israel’s missile defense as part of a key US defense bill, the Time of Israel (ToI) reports. Senator Kirsten Gillibrand made the announcement Tuesday even as four progressive Congressional Democrats are demanding cuts in US aid to Israel if it proceeds to annex parts of the West Bank.

Pentagon lists twenty top companies as owned or backed by Chinese military

The US Defense Department has published a list of twenty major companies, including Huawei, that it has determined are owned or backed by the Chinese military, BBC News reported Thursday. A result of this determination, the US may apply new sanctions against the companies listed.

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