Jeremy Huntâs Autumn Statement received mixed reviews in the papers this morning. The Daily Telegraph and the Daily Mail hailed what the Telegraph called âthe biggest tax cuts in 35 yearsâ, but the FT and the I newspaper emphasised that Britainâs tax burden is still on course to rise to a postwar high of 38% of GDP, as inflation pushes workers into higher tax brackets. The hard-right populist leader Geert Wilders has won a shock victory in the Dutch general election. His Freedom party is set to take 37 seats in the 150-seat parliament, the most of any party, after a campaign dominated by migration. A 1,400-year-old temple built by an ancient English king may have been discovered in Suffolk. Archaeologists have found the remains of a building close to Sutton Hoo, thought to be the burial site of King Redwald, who was said to have constructed a temple honouring both Christ and pagan gods.
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Demonstrators led by the families of hostages entering Jerusalem on Saturday. Alexi J Rosenfeld/Getty |
A âglimmer of hopeâ in Gaza |
Finally, we look set to have a âlong-awaited truceâ in the Israel-Hamas war, says Andreas Kluth in Bloomberg. If all goes to plan, there will be at least a few days of ceasefire as Israel releases Palestinian prisoners, Hamas lets go some of the women and children it took as hostages, and humanitarian aid is brought into Gaza. The credit for this âglimmer of hopeâ must be given to America â Benjamin Netanyahu âwould never have considered such a pauseâ without pressure from Joe Biden and his secretary of state, Antony Blinken. Until now, the Israeli PM seemed bent on making his countryâs main geopolitical ally âalmost irrelevantâ to the conflict, listening instead to the cries for vengeance from his ultra-nationalist coalition partners. But Israel is âthe worldâs largest recipient of US aidâ; many of the bombs it has been dropping over Gaza âcame out of American forgesâ. Biden has âfinally bared teethâ and asserted US influence.
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Israel and Hamas have their own reasons to agree to a pause in fighting, says Limor Simhony Philpott in The Spectator. Hamas has been struggling to withstand the onslaught â it had counted on Hezbollah attacking Israel from Lebanon and drawing military resources away from Gaza, but the Iran-backed militia has consciously avoided being drawn into the war. Hamasâs leaders hope that several days of ceasefire âwill allow them to regroup and fight backâ. On the Israeli side, families of hostages have led large demonstrations pressuring the government to change tack from merely âdestroying Hamasâ to diplomacy, as it has become clear âthat releasing the hostages by military means â and alive â is a near-impossible taskâ. Itâs a move with considerable public support. âThere will probably not be a dry eye left in Israel when these children are returned.â
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Itâs Thanksgiving today, which means thereâs a good chance someone in America will burn their house down trying to deep-fry a turkey, says the BBC. The greasy cooking method is popular because it takes just 45 minutes for a whole bird, leaving the meat juicy and succulent. But it also involves a naked flame and a large vat of burning-hot oil â if the turkey isnât thawed properly, or the flame isnât extinguished when the bird is dunked, it can result in a spectacular conflagration. In its annual warning (above), the US Consumer Product Safety Commission urged Americans to âcook your turkey, not your homeâ. Watch the full video here.
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Net migration to the UK rose to a record high of 745,000 in 2022, according to revised figures released this morning, while the provisional numbers for the 12 months to this June hit 672,000. High as these figures are, says economist Jonathan Portes on X (formerly Twitter), the âbig picture remains the sameâ. Migration spiked after the pandemic, driven by increases in non-EU arrivals for work and study, refugees from Hong Kong and Ukraine, and asylum seekers. But many of those people are now leaving, so the net figure will likely stabilise, starting next year, at around 300,000.
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The Knowledge Book of Notes & Quotes |
The Knowledge is publishing its first book, just in time for Christmas: a collection of the best quotes weâve run in the newsletter, along with a few of our favourite stories and anecdotes. It will be published on 30 November, for ÂŁ12.99 incl P&P (UK only). Click here to pre-order. |
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Instagram/@runjennyrunusa |
A 45-year-old Harvard physics professor has become the fastest woman to run from San Francisco to New York, says Outside magazine. Jenny Hoffman covered the 3,037-mile stretch in 47 days, 12 hours and 35 minutes â an average of 64 miles a day â shaving more than a week off the previous record. It was the second time the ultrarunner had attempted the feat; she got most of the way in 2019 but had to quit in Ohio after tearing the cartilage in her knee. âI donât think Iâm particularly talented,â says Hoffman, âbut Iâm pretty stubborn.â
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The Bundestag in Berlin: âEuropeâs greatest danger is weariness.â Getty |
The US is leaving Europe in the dust |
Since 2022, the worldâs democracies have faced a âbrutal shift in historyâ, says Nicolas Baverez in Le Point. The global order is fragmenting into âirreducibly opposedâ blocs, based on deep disagreements about fundamental values. We have seen the return of war in Ukraine and Gaza. And a new economic cycle has begun, defined by painfully high interest rates. Yet while âAmericaâs power is strengtheningâ, the EU is getting weaker. With the return of hard power, the bloc has struggled to fulfil the new requirements of âsovereignty and securityâ, and is âregressingâ in the economic field that used to be its strength. The eurozone is in recession, while US growth peaked at nearly 5% this year. The EUâs GDP is 65% of Americaâs, down from 90% a decade ago. Europeansâ wealth per capita âstagnates at $35,200 per yearâ compared to $76,350 across the Atlantic.
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This divergence could quickly become irreversible, with the massive relocation of industrial investment, research centres and high-paying jobs to America. And all the while, China is starting to dominate industries from pharmaceuticals and chemicals to renewable energy and electric vehicles. The problem with the EU is the âheaviness and slowness of its decision-making processâ, and a âchronic inability to manage crisesâ. In 1935, the German philosopher Edmund Husserl, noting the rise of totalitarianism, warned an audience in Vienna: âEuropeâs greatest danger is weariness.â We cannot repeat this mistake. Europe has all the âassets and resourcesâ it needs to âget back to workâ and make up the gap with the US and China. âIt lacks only the essentials: willpower, vision and cohesion.â
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Pass the aspirin. James Andanson/Sygma/Getty |
Booze boffins have discovered the precise chemical to blame for red wine headaches. Itâs called quercetin, part of a group of molecules called flavonoids that are responsible for many of the touted health benefits of a nightly Bordeaux (or whatever you prefer). But quercetin is also thought to inhibit an enzyme that breaks down alcohol â so toxic chemicals that are normally flushed out of the system build up, causing headaches, flushing and nausea. Researchers also found that fancy wines have up to four times more flavonoids than supermarket plonk â meaning theyâre better for you, but also much more headachey.
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San Franciscans have literally lost sleep over the turmoil unfolding at OpenAI this past week, says Quartz. According to EightSleep, which sells a widely used sleep tracking app, the ousting of Sam Altman as CEO last Friday was followed by a spike in low-quality shut-eye, with a 27% increase in people getting under five hours. |
Itâs a wire fox terrier, the âpluckyâ breed that inspired Tintinâs dog Snowy, which has totally fallen out of fashion, says The Daily Telegraph. The white-haired woofmaker topped pedigree popularity rankings back in 1947, thanks to public adoration of HergĂ©âs âquiffed heroâ and his hound. But numbers have since fallen by 94% â this year, fewer than 300 of the pallid pooches have been registered by the Kennel Club. |
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âBalancing the budget is like going to heaven. Everyone wants to do it, but nobody wants to do what you have to do to get there.â
Former US Senator Phil Gramm |
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Thatâs it. Youâre done. |
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