The MUPA News (2025)

05/09/2025

The governing board for the electric carmaker Tesla has put forward a pay package for CEO Elon Musk that could make him the world’s first trillionaire — but only if he meets a series of high-performance standards over the next 10 years.

The proposal became public on Friday, as part of the company’s regulatory filings.

Musk is already considered one of the world’s wealthiest businessmen, and one of his eye-popping pay packages from 2018 continues to be the subject of a legal battle.

05/09/2025

Some 475 people were detained during an immigration raid at a sprawling Georgia site where South Korean auto company Hyundai manufactures electric vehicles, according to a Homeland Security official.

Steven Schrank, Special Agent in Charge, Homeland Security Investigations, said at a news briefing Friday that the majority of the people detained were from South Korea.

"This operation underscores our commitment to jobs for Georgians and Americans," Schrank said. "This was in fact the largest single site enforcement operation in the history of Homeland Security Investigations."

The investigation has been ongoing for several months, with authorities receiving leads from community members and former workers, he said.

05/09/2025

Hiring stalled again in August, with the labor market adding just 22,000 jobs and the unemployment rate at the highest levels since 2021, the Bureau of Labor Statistics said on Friday.

Why it matters: The economy is rapidly cooling, as global tariffs put pressure on America's businesses.

Of note: The report included revisions to prior months' data, showing the economy shed jobs in June — a decline of 13,000, compared to an originally reported gain of 14,000.

That is the first time the labor market shed jobs since late 2020.
July job gains were revised slightly higher, though, to 79,000, up 6,000 jobs from the original estimate.
Zoom in: Health care was among the few sectors to add workers last month, with 31,000 positions added.

Federal government employment continued to decline last month, shedding 15,000 jobs. Meanwhile, the manufacturing sector — which the Trump administration said would benefit from its trade policy — lost roughly 12,000 jobs in August.
The unemployment rate ticked up to 4.3%, bringing the jobless rate to the highest since Oct. 2021.
Between the lines: It is the first jobs report since Trump fired the head of he Bureau of Labor Statistics — claiming, without evidence, that the data was "rigged" after revisions showed meaningfully slower jobs growth this summer.

The big picture: That is one reason why the report is being watched more closely than usual.

The other reason: The Federal Reserve is expected to cut interest rates at a policy meeting later this month, a bid to shield the labor market from further weakening.
The report appears to clear the way for the central bank to do so. Odds of three rate cuts this year soared to 70%, according to the CME FedWatch tool — up from 45%.

05/09/2025

Lionel Messi made sure he had good memories of playing a home qualifier with Argentina’s national team for the last time in his illustrious career.

The former Barcelona forward scored twice on Thursday in Argentina’s 3-0 victory over Venezuela in front of a raucous sellout crowd that had gathered at Estadio Monumental to bid him farewell.

05/09/2025

Thailand’s influential former Prime Minister Thaksin Shinawatra suddenly left the country on his private jet Thursday days before a court ruling that could see him imprisoned, raising speculation that he might not return to face the verdict.

His departure came a day before Thailand’s parliament was set to pick a new prime minister and install a new government Friday; the ruling Pheu Thai party, which Thaksin founded, was widely expected to lose power.

Thaksin, 76, spent 15 years in self-imposed exile after being ousted from office in a 2006 military coup. His daughter Paetongtarn Shinawatra, who became Thailand’s youngest prime minister last year, was removed from office a week ago following an ethics probe.

05/09/2025

Donald Trump is a showman who likes flashy spectacles and heated controversies. He has chosen Cabinet nominees for their shock value, attacked famous American universities, mobilized the Justice Department against his political enemies, and sent troops into American cities, fully aware of how much these theatrics would enrage his opponents.

But even in a term marked by political performance art, Trump’s plan to rename the Department of Defense as the Department of War might be a new high—or low. An executive order making the change is expected tomorrow, Fox News reported.

Last month, when the plan was still just a hypothetical, the president was asked why he favored it. He said that Department of War “just sounded better” and that it would be a callback to the name under which U.S forces fought in the two world wars. But the change is also a reflection of how much Trump and Secretary of Defense (his title for now) Pete Hegseth think of themselves as tough guys, real fighters who will no longer trifle with silly names about “defending” things. Hegseth in particular is obsessed with “warfighters”—a clunky Pentagon term that’s been around for far too long—who will engage in “warfighting” with great “lethality.”

Both men seem to think that wimps cower and defend, but real men go on the offensive and whack the bad guys. After all, who are any of us to argue with General George Patton, who said in 1943: “No dumb bastard ever won a war by going out and dying for his country. He won it by making some other poor dumb bastard die for his country.” And that, apparently, is what the U.S. military is going to do once it gives its watery collection of uniformed bureaucrats a name worthy of killers who want to grind the guts of America’s enemies between their clenched jaws.

It is almost impossible to overstate the inanity of this move. The United States has a Department of Defense for a reason. It was called the “War” Department until 1947, when the dictates of a new and more dangerous world required the creation of a much larger military organization than any in American history. Harry Truman and the American leaders who destroyed the Axis, and who now were facing the Soviet empire, realized that national security had become a larger undertaking than the previous American tradition of moving, as needed, between discrete conditions of “war” and “peace.”

29/08/2025

A federal appellate court on Friday upheld a lower-court ruling invalidating the bulk of President Trump's sweeping global tariffs.

Why it matters: The ruling could quickly upend the global trade order Trump has built, cutting off a major new source of cash for the government and raising huge questions about what businesses are supposed to do next.

Trump said the ruling would "literally destroy the United States of America" if it stands, and promised an appeal to the Supreme Court.
The big picture: Trump has secured historic trade deals with major trading partners, including Europe and Japan, on a basis that two courts have now found illegitimate.

With the details of many of those pacts still being hammered out, the ruling could lead both allies and adversaries to reconsider the value of negotiating with Trump's team for now.
Catch up quick: In late May, the Court of International Trade ruled Trump did not have the authority under the International Emergency Economic Powers Act (IEEPA) to impose tariffs, as he has done this year.

A federal appellate court subsequently stayed that ruling, and held a hearing on the dispute in late July.
Context: In a 7-4 ruling issued on the Friday evening before Labor Day weekend, the court said it did not reach a conclusion on whether a president could authorize any tariffs under the emergency powers, only that Trump's reasoning for the tariffs did not constitute an emergency and go beyond the president's authority.

The tariffs "are unbounded in scope, amount and duration," the ruling says. They "assert an expansive authority that is ... beyond the authority delegated to the President by IEEPA."
The panel ordered the Court of International Trade to reconsider whether its universal injunction against the tariff executive orders Trump issued was appropriate, in light of recent Supreme Court rulings on injunctions against administration actions.
But the court also held its ruling through Oct. 14 to give either side time to appeal to the Supreme Court.
Of note: The four dissenting judges — including the circuit chief judge, Kimberly Moore — said the plaintiffs in the case had not justified a judgment in their favor, arguing that IEEPA permitted tariffs and that the president had the appropriate legal authority to use it for that purpose.

For the record: "President Trump lawfully exercised the tariff powers granted to him by Congress to defend our national and economic security from foreign threats. The President's tariffs remain in effect, and we look forward to ultimate victory on this matter," White House spokesman Kush Desai said in a statement.

By the numbers: The tariff program is now generating about $30 billion a month in revenue, with expectations that would quickly grow after Trump imposed new rates on Aug. 1.

The administration has sought to safeguard some of its trade agenda by imposing higher duties — on steel, aluminum and more — under separate authorities.
In recent weeks, the administration has widened the scope of steel and aluminum tariffs and announced plans for tariff investigations to include furniture.
What they're saying: "ALL TARIFFS ARE STILL IN EFFECT! Today a Highly Partisan Appeals Court incorrectly said that our Tariffs should be removed, but they know the United States of America will win in the end," Trump said on Truth Social.

Earlier this month, he warned a ruling against the tariffs could spark a second Great Depression.

29/08/2025

Luca Guadagnino’s After the Hunt had its world premiere at the 2025 Venice Film Festival, where the film’s stars walked the red carpet to celebrate their work.

29/08/2025

The US State Department is “denying and revoking visas” from members of the Palestinian Authority (PA) and the Palestine Liberation Organization (PLO) – a significant step ahead of the UN General Assembly, where multiple traditional US allies are expected to recognize a Palestinian state.

According to Friday’s announcement from the State Department, the Palestinian Authority’s Mission to the UN “will receive waivers per the UN Headquarters Agreement.”

However, the restrictions could prevent the attendance of Palestinian Authority President Mahmoud Abbas. Refusing him a visa would be highly controversial and would appear to violate the UN Headquarters Agreement. The United Nations recognizes Palestine as a non-member observer state.

29/08/2025

McLaren was in a league of its own around the banked corners at Zandvoort as Lando Norris set the pace in FP1 ahead of Oscar Piastri.

The team-mates were half a second up on third-placed Lance Stroll in what proved to be a good start to the Dutch Grand Prix weekend for Aston Martin with Fernando Alonso fourth fastest.

29/08/2025

The wife of South Korea’s jailed ex-President Yoon Suk Yeol and his former prime minister were indicted Friday as part of investigations into his administration and his attempt to overcome opposition by declaring martial law.

Yoon set off South Korea’s most serious political crisis in decades when he attempted to force his agenda through an opposition-dominated legislature by declaring martial law on Dec. 3, 2024. It lasted only hours but triggered months of turmoil that paralyzed politics, disrupted foreign policy and rattled the economy.

Yoon was impeached, then removed from office in April and rearrested last month after his conservative party lost the presidency in an early election. The new government has appointed three special prosecutors to investigate both the period of martial law and suspicions of corruption that dogged Yoon through his term in office.

29/08/2025

Federal Housing Finance Agency Director Bill Pulte on Thursday night said that he had filed a second criminal referral with the Department of Justice against Federal Reserve Board Governor Lisa Cook, whom President Donald Trump is trying to fire.

Pulte said in a post on X that the new referral relates to her mortgage for a condominium in Cambridge, Massachusetts, and alleged misrepresentations about that condo and two homes she owns in government ethics filings during her time as a Fed governor.

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