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Senator Bob Menendez (D-NJ) leaves the United States District Court for the Southern District of New York after the second day of deliberations after an indictment for an alleged 16 counts of conspiracy on July 15, 2024, in New York City. Menendez is charged with using his political influence to benefit Egypt in exchange for compensation, a scheme orchestrated by his wife and by three business co-conspirators, Wael Hana, Jose Uribe and Fred Daibes who are charged with similar crimes relating to payments made to Menendez on Monday September 25, 2023 the Senator denied all allegations and that the $500,000 found in his house by agents is an old fashioned way of safeguarding money against emergencies.
Hard Numbers: Sen. Menendez found guilty, Protests turn deadly in Kenya, China’s readers scoop up Vance’s book, Rwanda’s early vote count in, Bangladeshi protests claim lives
16: Sen. Bob Menendez of New Jersey was found guilty on Tuesday of all 16 counts in his federal corruption trial, including bribery, acting as a foreign agent (a first for a US senator), and fraud. Prosecutors said “he put his power up for sale,” lending support in exchange for money, gold bars, and other bribes in a yearslong scheme. He faces decades in prison when he’s sentenced on Oct. 29.
1: One person was killed Tuesday in violent anti-government protests that resumed in Kenya less than a week after Kenyan President William Rutodismissed most of his cabinet to demonstrate his commitment to make radical changes to the demonstrators. The protests first broke out last month – 39 people were killed, and demonstrators breached the Parliament building – in response to a deeply unpopular finance bill that aimed to raise $2 billion in taxes to offset worsening economic crises. Ruto backed down from the tax, but protesters are still demanding that he resign.
10: After his selection as Donald Trump’s vice-presidential running mate, JD Vance’s memoir “Hillbilly Elegy” – which highlights difficulties faced by the white working class in America – sold out immediately in China, and online prices for used versions there increased tenfold. Since its release in 2016, the book has become one of China’s best-sellers, but Vance does not return this affection. In fact, he has called China America’s greatest threat.
99.15: Rwanda’s electoral commission reported that President Paul Kagame secured his fourth term in Monday’s election, with early reports showing him winning 99.15% of the vote. This is not a big surprise given that the election was deemed by many as neither free nor fair. Kagame has been in power for over 30 years, and he stands accused of cracking down on dissent and political opposition.
5: At least five people were killed on Tuesday in Bangladesh during ongoing violent protests calling for an end to public-sector job quotas that ensure 30% of government jobs are reserved for family members of Bangladesh War of Independence veterans. Clashes first broke out Monday at universities and have since spread nationwide, with tens of thousands taking to the streets to voice their anger over persistent high youth unemployment.
Rwandan President Paul Kagame attends the lighting ceremony of the Rwandan genocide flame of hope, known as the "Kwibuka" (Remembering), to commemorate the 1994 Genocide at the Kigali Genocide Memorial Center in Kigali, Rwanda April 7, 2023
Hard Numbers: Rwanda’s Kagame will run again, the EU takes on Uber, water contamination threat in Libya, US Fed keeps cool
4: Rwanda’s President Paul Kagame, who has been in power since 2000, announced that he’ll run for a fourth term in next year’s election.
Kagame, who has been accused of cracking down on the opposition, tweaked the constitution back in 2015 to extend presidential term limits. Asked about what “the West” might think of his move, Kagame, didn’t mince words: “What these countries think is not our problem.”
40: A top Uber executive has warned that an EU proposal to classify gig workers as employees could boost ride prices by as much as 40%. Brussels says Uber should provide more job security and benefits for its employees. Uber, which has come up against similar battles in Spain, the UK and elsewhere, says the measure will hurt consumers and lead to “devastating” job losses.
4,000: Over a week after a catastrophic flood tore through two dams in eastern Libya, killing 4,000 people (while 9,000 remain missing) the UN has warned that sewage is contaminating water supplies, raising the specter of waterborne diseases like cholera, diarrhea, and hepatitis.
5.25-5.55: The US Federal Reserve held interest rates steady at 5.25-5.55, still the highest level in more than two decades after 11 rate hikes beginning in March 2022. The decision gives policy makers some breathing room to plot their next moves amid subsiding inflation. Still, with price growth well above the Fed’s 2% target, rates could stay above 5% well into 2024, analysts warn.Correction:Yesterday, we incorrectly stated that the Fed's pause was the first in 18 months. The Federal reserve also paused rate hikes in June, 2023. We regret the error.
Rwandan President Paul Kagame
Remember when President Trump allegedly referred to many African nations as "sh&#hole countries"? Soon after in Davos, he met with a prominent leader of one of those countries: Rwandan president and head of the African Union, Paul Kagame.
In a wide-ranging and candid interview, President Kagame recounts that somewhat...sensitive...conversation and responds to his own critics who point to an increasingly authoritarian government in Kigali.