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Luigi Mangione pleaded guilty.
No plea deal. No promise of leniency. Federal prosecutors still want LIFE.
So why do it?
The answer may lie in a 2,000-year-old legal principle โ and a controversial Supreme Court doctrine that allows two governments to prosecute the same conduct.
MANGIONE IN JEOPARDY
One killing. Two sovereigns. And an ancient rule against trying a man twice.
Our latest Short Stop Media legal deep dive:
๐
shortstopmedia.substack.com/โฆ
Short Stop Media retweeted
Manchester Cityโs $5 Billion Question
A new story from contributing author DJ Kiely at The Legal Post
โBe curious, not judgmental.โ โ Ted Lasso
For many Americans, Ted Lasso opened the door to English football: the clubs, the rivalries, the fiercely loyal supportersโand the billionaires who own the teams.
Now, one of our contributing authors, DJ Kiely, follows that doorway into a much less comfortable story.
Manchester City became a sporting powerhouse and a business valued at approximately $5.5 billion. An independent commissionโs findings of serious financial-rule breaches have raised questions about how that transformation was financed. City rejects those findings and is appealing.
Much of the debate concerns punishment: points deductions, possible relegation and the fate of championships.
But what happens to the wealth those championships helped create?
In โManchester Cityโs $5 Billion Question,โ Kiely examines the accounting, the legal proceedings and the difficult relationship between sporting punishment and financial reward.
Read the full story at The Legal Post:
dknyc1.substack.com
The Legal Post features Kielyโs writing on law, the courts, news and policy. If youโve enjoyed his contributions to Short Stop Media, visit his publication and subscribe.
The article is FREE to read, and free subscriptions are available.
๐๐๐ญ๐ก๐ฉ๐๐ ๐ ๐๐จ๐ญ๐๐ฅ ๐๐ข๐ฅ๐ฅ๐๐ซ ๐๐๐ญ๐ฌ ๐๐ ๐๐๐๐ซ๐ฌ ๐ญ๐จ ๐๐ข๐๐
Sgroilin Santana, 23, of Tamaqua, Pennsylvania, was sentenced in Nassau County to 23 years to life in prison for shooting a construction worker to death in a Bethpage hotel parking lot. Judge Robert Bogle imposed the term after Santana pleaded guilty on September 15 to second-degree murder, second-degree attempted murder and second-degree criminal possession of a weapon. The victim, Jorge Vazquez, 35, of Tampa, Florida, was in town working on a nearby construction project and staying at the Extended Stay America on Oyster Bay Road. Earlier on April 2, 2025, Vazquez had a physical altercation with Alexander Garcia, 40, of Reading, Pennsylvania, a co-worker at the site. Santana is the boyfriend of Garciaโs daughter, and prosecutors say he was driven from Pennsylvania to settle the score. Around 9:30 that night he shot Vazquez multiple times in the torso and abdomen, then fired at another person, who was not hurt. Officers responding to a 911 call about 10 minutes later found Vazquez on the sidewalk near the hotel entrance, and he was pronounced dead at the scene. Nassau County Police homicide detectives used video surveillance to identify both men, and Santana was tracked down in Tamaqua on April 30, 2025, with help from the Pennsylvania State Police and Tamaqua police. Garcia was arrested in Reading on May 14, 2025, is charged with second-degree murder and conspiracy, and awaits trial. District Attorney Anne T. Donnelly said Santana โused cold-blooded violence to settle an argument that did not even involve him.โ Senior Litigation Counsel Tracy Keeton of the Homicide Bureau prosecuted, and Santana was represented by Joseph Lopiccolo.
๐๐๐ฌ๐ญ ๐๐๐๐ฒ๐ฅ๐จ๐ง ๐๐๐ซ๐ญ๐ฒ ๐๐ญ๐๐๐๐ข๐ง๐ ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ฎ๐ข๐ฅ๐ญ๐ฒ ๐๐ฅ๐๐
Aiden Zachary, 18, of Syosset, pleaded guilty in Suffolk County to first-degree manslaughter for fatally stabbing 15-year-old Liam Delemo at a West Babylon house party. Zachary was 17 when the killing happened at about 10 p.m. on November 3, 2025. Prosecutors say he arrived at the large gathering uninvited and was asked to leave. He then got into an altercation with Delemo, pulled a knife and stabbed the teenager in the abdomen and arm. Zachary fled, and Delemo died at Good Samaritan Hospital. Suffolk County Police homicide detectives, led by Detective Frankie Sierra, arrested Zachary on November 10, 2025. He entered his plea on October 15 before Acting Supreme Court Justice Karen Kerr to a class B violent felony. Sentencing is set for November 4, 2026. Assistant District Attorney Sheetal Shetty of the Homicide Bureau handled the case for District Attorney Raymond A. Tierney, and Zachary was represented by Jacon Kaplan. The case adds to a run of Suffolk prosecutions involving teenagers and fatal violence, and it leaves a 15-year-oldโs family waiting on a sentence that is now less than two weeks away.
๐๐๐ญ๐ข๐ซ๐๐ ๐๐๐๐ ๐๐๐ญ๐๐๐ญ๐ข๐ฏ๐ ๐๐ก๐๐ซ๐ ๐๐ ๐ข๐ง ๐๐๐ ๐๐จ๐๐-๐๐๐ ๐ ๐๐ข๐ฅ๐ฅ๐ข๐ง๐
Victor Romero, 62, of Haverstraw, a retired New York City police detective, has been arrested and charged with murder in the road-rage shooting of Con Edison worker Koran Irvine on the George Washington Bridge. Irvine, 46, of Valley Cottage, was off duty and driving a Volkswagen Golf on the ramp to the westbound upper level around 7 p.m. Tuesday when his car nearly collided with another vehicle and a dispute began. As both cars continued toward New Jersey, someone in the other vehicle fired a shot that struck Irvine in the back of his right shoulder and shattered the carโs glass. His Golf came to rest against the median near the middle of the span, and he was taken to Englewood Hospital, where he died. The other vehicle fled, and the westbound upper level stayed closed for hours until shortly before 1 a.m., snarling the end of the evening rush. Romero was taken into custody Wednesday. He left the NYPD in 2001, and in June 2000 he was wounded in the hand and chest in an off-duty shootout with men trying to rob his familyโs Brooklyn laundromat while he was a Brooklyn drug detective. Port Authority Police and the NYPD worked the case. Con Edison called the killing a โsenseless act of violence.โ Arraignment, bail and the identity of Romeroโs lawyer had not been made public.
๐๐๐ง๐ข๐ ๐๐๐ง๐ข๐ ๐๐ฎ๐ซ๐ง๐ฌ ๐๐ ๐๐ญ ๐๐ซ๐จ๐จ๐ค๐ฅ๐ฒ๐ง ๐๐ฎ๐ฌ๐๐ฎ๐ฆ
The sisters behind Manic Panic, Tish and Snooky Bellomo of the Bronx, are being honored with a 50-year retrospective at the City Reliquary in Williamsburg, Brooklyn. The exhibit, โStill Manic After All These Years: 50 Years of Manic Panic,โ runs through March 28. In 1977 they opened what is described as the nationโs first punk rock boutique on St. Markโs Place in the East Village, and their mother, Estelle, named it Manic Panic. The shop sold hair color, Tishโs designs, Snookyโs knitted sweaters, records, posters and fanzines. Today Manic Panic is an international hair dye brand with more than 50 colors. The sisters also performed as singers, including in an early lineup of Blondie, and Debbie Harryโs platform shoes are part of the display. Curator Lee Berman drew on the sistersโ archives, including photos from before the shop opened and images of their bands and famous friends. They went international despite advisers who urged them not to, because they wanted to spread the word. The City Reliquary began in 2002 as a window display in founder Dave Hermanโs apartment and now holds subway tokens, Statue of Liberty postcards and paint chips from the L train platform.
๐๐ก๐จ๐๐ ๐๐ฌ๐ฅ๐๐ง๐ ๐๐ซ๐จ๐ฐ๐๐ซ ๐๐ฅ๐๐ข๐ฆ๐ฌ ๐๐๐๐จ๐ซ๐ ๐,๐๐๐-๐๐จ๐ฎ๐ง๐ ๐๐ฎ๐ฆ๐ฉ๐ค๐ข๐ง
A Rhode Island grower has set what appears to be a new world record for the heaviest pumpkin, a 3,156-pound behemoth weighed earlier this month. Ron Wallace of Greene, Rhode Island, brought the pumpkin to the Southern New England Giant Pumpkin Growers Weigh-Off at Frerich Farm in Warren, where official scale weigher John Russo recorded the weight on Saturday, Oct. 10. It beat the previous mark by nearly 300 pounds, though Guinness World Records has not yet verified the result. The Guinness-listed record had belonged to Ian Paton of Lymington, England, whose pumpkin weighed 2,857 pounds and was set only days earlier. Two days after Wallaceโs weigh-in, Travis Gienger of Anoka, Minnesota, won the 53rd Safeway World Championship Pumpkin Weigh-Off in Half Moon Bay, California, with a 2,389-pound pumpkin named โRocky.โ It was Giengerโs fifth world championship, and he took home $21,501 in prize money. Because Rocky fell short of the record, Gienger missed out on a $30,000 bonus for a world-record weight. Giengerโs earlier winners include Rudy in 2024 at 2,471 pounds and Michael Jordan in 2023 at 2,749 pounds, which was a world record at the time. Wallaceโs gourd would dwarf them all.
๐๐๐ญ๐๐ฅ๐ข๐ฑ ๐๐ฅ๐ข๐๐๐ฌ ๐๐จ ๐๐-๐๐๐๐ค ๐๐จ๐ฐ ๐๐ง ๐๐๐๐ค ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค
Netflix shares fell to a 52-week low after the streamer issued weaker-than-expected fourth-quarter guidance that overshadowed a third-quarter earnings beat. Third-quarter revenue was $12.874 billion, up 12% from a year earlier and a hair below the $12.876 billion estimate, while earnings of $0.87 a share beat the $0.82 consensus. For the fourth quarter, Netflix projected revenue of $13.442 billion and earnings of $0.67 a share, both under analyst estimates of $13.517 billion and $0.73. The stock dropped about 6.6% to $64.14 in premarket trading Wednesday and closed down 5.31%, having already shed roughly a quarter of its value heading into the report. Analysts pointed to slowing viewer engagement, softer advertising growth and rising competition from Disney, HBO Max and Paramount. Mark Mahaney of Evercore ISI said Netflix must fix its content to revive engagement. Kevin Mayer, co-CEO of Candle Media, said the company appears to have hit a ceiling in engagement and needs fresh hits. Peter Rice, the incoming content chief, is expected to focus on relevant programming and selective sports rights after recent leadership changes in the content division. Wedbushโs Dan Ives said the streamer cut โtwo of the numbers that matter most.โ The shares now trade at about 15 times
๐๐๐ฌ๐ฅ๐ ๐๐๐๐ญ๐ฌ ๐๐ง ๐๐๐ฌ๐ก ๐
๐ฅ๐จ๐ฐ ๐๐ฌ ๐๐ซ๐จ๐๐ข๐ญ ๐๐ฅ๐ข๐๐๐ฌ
Tesla reported third-quarter revenue of $28.05 billion, essentially flat from a year earlier, but it beat expectations on adjusted earnings and swung to positive free cash flow. Adjusted earnings were $0.48 a share against a consensus of roughly $0.44, while GAAP net income fell 43% to $787 million, or $0.22 a share. Operating income dropped 56% to $718 million, a 2.6% margin, as operating expenses rose 39% to $4.78 billion on spending for artificial intelligence and robotics. Free cash flow was positive $1.53 billion, against a company-compiled consensus forecast of a $4.51 billion burn, with operating cash flow of $6.26 billion. Capital expenditures were $4.73 billion, well below the roughly $7.5 billion analysts expected, and Tesla cut its full-year 2026 spending guidance to about $20 billion from more than $25 billion. Chief Financial Officer Vaibhav Taneja tied the lower outlay to โmanaging our capital deployment efficiently.โ Energy revenue fell 16% to $2.88 billion even as storage deployments rose 10% to 13.7 gigawatt-hours, while services revenue rose 33% to $4.61 billion. Active Full Self-Driving subscriptions reached 1.74 million, up 67%, and gross margin improved to 19.6% from 18.0%. Elon Musk said reaching 20,000 Optimus robots a week would take โprobably at least a year, maybe a
๐๐ฉ๐๐๐๐ ๐๐จ๐ฌ๐ญ๐ฌ ๐
๐ข๐ซ๐ฌ๐ญ ๐๐ซ๐จ๐๐ข๐ญ ๐๐ฌ ๐ ๐๐ฎ๐๐ฅ๐ข๐ ๐๐จ๐ฆ๐ฉ๐๐ง๐ฒ
SpaceX reported third-quarter net income of about $4.4 billion, its first profit as a public company, compared with a net loss of about $1.1 billion a year earlier. Revenue rose 161% to about $14.6 billion, well above the $12.7 billion analysts expected, and diluted earnings were $0.35 a share against expectations of roughly $0.14. Adjusted EBITDA reached $8.8 billion. The companyโs Super Intelligence segment brought in $7.56 billion, about 52% of revenue, overtaking the Starlink-linked Connectivity business and posting its first operating profit, $431 million. That AI unitโs 5.7% operating margin still trails Connectivityโs 45.1%. Starlink consumer subscribers rose by 1.6 million to 13.6 million, but average revenue per consumer fell to $69 from $83 as growth shifted toward cheaper plans. Capital spending hit $19.6 billion, about 134% of quarterly revenue. Shares rose 7.8% on Wednesday to close at $159.31. Elon Musk said the boards of SpaceX and Tesla have formed committees to discuss a merger, arguing there is โa lot of meritโ in combining the companies, though the earnings release contained no terms. Wedbush analyst Dan Ives estimated an 80% to 90% chance of a merger by the end of 2027.
๐๐ฅ-๐๐๐ฒ๐๐, ๐๐จ๐ ๐๐ซ๐ฌ ๐๐ฅ๐๐ฌ๐ก ๐๐ฏ๐๐ซ ๐๐ฎ๐ฌ๐ฅ๐ข๐ฆ ๐๐ซ๐จ๐ญ๐ก๐๐ซ๐ก๐จ๐จ๐ ๐๐ฅ๐๐ข๐ฆ๐ฌ
Democrat Abdul El-Sayed and Republican Mike Rogers have clashed in Michiganโs open Senate race over allegations about the Muslim Brotherhood, including a 2012 letter El-Sayed signed and posts by his half-sister. MAGA Inc. has spent $25 million supporting Rogers, its second-largest Senate ad expenditure after the $46 million it has put behind Ken Paxton in Texas. The hosts of โPod Save Americaโ urged El-Sayed to tone down his condescension when answering questions about the Muslim Brotherhood. El-Sayed also defended Sen. Elissa Slotkin after backlash over her comments about working for the Trump administration. Wedgewood Polling admitted it used โfabricated numbersโ in surveys cited by El-Sayedโs campaign. Rogers, a former congressman, lost to Slotkin in 2024. El-Sayed is a physician and former Detroit health director who ran for governor in 2018. The seat is open because Sen. Gary Peters is retiring.
๐๐ข๐ฆ๐๐ฌ/๐๐ข๐๐ง๐ ๐๐จ๐ฅ๐ฅ ๐๐ข๐ฏ๐๐ฌ ๐๐๐ฆ๐จ๐๐ซ๐๐ญ๐ฌ ๐๐-๐๐จ๐ข๐ง๐ญ ๐๐จ๐ฎ๐ฌ๐ ๐๐๐ ๐
Democrats hold an 11-point advantage in the fight for the House, with 52% of likely voters saying they are more likely to back the Democratic candidate in their district and 41% the Republican, according to a New York Times/Siena College poll. The survey of 3,494 likely voters was conducted Oct. 12 to 19 and carries a margin of error of 1.9 percentage points. Kamala Harris is on a five-state swing through Nevada, Mississippi, New Hampshire, Wisconsin and Georgia, and spoke at a union event in Las Vegas. Former President Bill Clinton is campaigning in Florida for gubernatorial candidate David Jolly. Senate Majority PAC is spending $1.2 million on television ads in Mississippi for Scott Colom against Sen. Cindy Hyde-Smith, in a state Trump carried by nearly 23 points in 2024. In Kansas, Sen. Roger Marshall and Democrat Adam Hamilton debated in Kansas City, Missouri, in a state that has not elected a Democratic senator since 1932. In Maine, former Sen. Joe Manchin, now an independent, campaigned with Republican Sen. Susan Collins against Democrat Troy Jackson and criticized Chuck Schumer for opposing Collins. Senate Majority Leader John Thune said he is not giving up on tight races, though shifting money and polls suggest some may be lost.
๐๐๐ฑ๐๐ฌ ๐๐๐ง๐๐ญ๐ ๐๐๐๐ ๐๐ข๐๐ ๐๐ฌ ๐๐ฎ๐ฌ๐ค ๐๐๐๐ค๐ฌ ๐๐๐ฑ๐ญ๐จ๐ง
Texas Attorney General Ken Paxton is the Republican nominee for the U.S. Senate, and Democrat James Talarico is his opponent. The two are tied at 49% among likely voters, according to a new Fox News poll. The same survey found Texas voters favor Republican control of the Senate by 51% to 47%. Elon Musk has urged Texans to vote for Paxton. MAGA Inc. has spent $46 million backing Paxton, its largest Senate ad expenditure of the cycle. Barbara Bush donated $2,500 to Lone Star Rising PAC, which supports Talarico. No Democrat has won statewide office in Texas since 1994, which makes a tie in a Senate race notable. Election Day is Nov. 3.
๐๐ซ๐ข๐ฏ๐๐ซ ๐๐ก๐จ๐ญ ๐๐๐๐ ๐๐ง ๐๐๐จ๐ซ๐ ๐ ๐๐๐ฌ๐ก๐ข๐ง๐ ๐ญ๐จ๐ง ๐๐ซ๐ข๐๐ ๐
A driver was shot and killed on the upper level of the George Washington Bridge on Tuesday night, and the gunman remains at large. The shooting happened around 7 p.m. on the westbound side of the span linking Manhattan and Fort Lee, New Jersey. It shut down the bridge, and all lanes did not reopen until about 1 a.m., snarling one of the busiest crossings in the country through the night. Police have not released the victimโs name while they notify his family, though sources described him as a 46-year-old off-duty Con Edison worker. Investigators suspect a road rage dispute led to the shooting. The shooter has not been identified, and police have released no description of him. No arrests or charges have been announced. The gunman is wanted for the killing, and the investigation is ongoing.
๐๐ฆ๐๐ซโ๐ฌ ๐๐๐ฐ๐ฒ๐๐ซ๐ฌ ๐๐๐ฒ ๐๐๐ ๐๐ซ๐จ๐ค๐ ๐๐ฎ๐ฅ๐๐ฌ ๐๐ง ๐๐จ๐ฆ๐ ๐๐๐๐ซ๐๐ก
Lawyers for Rep. Ilhan Omar have accused the Justice Department of violating a magistrate judgeโs orders during the Oct. 12 search of her Washington home, a charge the department flatly rejects. Agents from Homeland Security Investigations carried out the search under a judicially authorized warrant as part of a criminal investigation reported to involve immigration fraud. In an Oct. 16 letter, attorneys Amy Jeffress and Joshua Matz said agents skipped protocols meant to protect the rights of a member of Congress and never notified Omar or the House Office of General Counsel that the warrant was being executed. They also said Omar was kept from contacting her attorney for more than an hour after the search began, though she was supposed to receive a copy of the warrant at the outset. The lawyers called the search politically motivated and said it came too close to an election, something the department has historically avoided, and they demanded the immediate return of her property and preservation of all recordings of the search. A Justice Department spokesperson said the letter was โriddled with false allegations and inaccuracies,โ that agents and attorneys โcomplied with all court orders and legal obligations,โ and that โleaking a letter to the press right after sending it is not good faith.โ The warrant was first presented to the magistrate judge about a week before the search, grand jury subpoenas had gone to some of Omarโs relatives days earlier, and Homeland Security Secretary Markwayne Mullin discussed the investigation on a podcast the Friday before. On MS NOW this week, Omar denied that she married her brother. She has since decided to leave the Washington apartment that was searched. The magistrate judge in the case has not been named in the reporting.
๐๐ ๐๐ฎ๐ฅ๐ฅ๐ฌ ๐๐ข๐ฉ๐ฅ๐จ๐ฆ๐๐ญ๐ฌ ๐
๐ซ๐จ๐ฆ ๐๐๐ฎ๐๐ข ๐๐ซ๐๐๐ข๐ ๐๐ฌ ๐๐ซ๐๐ง ๐๐ญ๐๐ง๐๐จ๐๐ ๐
๐๐ฌ๐ญ๐๐ซ๐ฌ
The State Department on Wednesday ordered non-essential personnel and family members out of Saudi Arabia, citing the threat from Iran-backed Houthi forces, as the months-long standoff with Iran showed fresh signs of flaring. Smaller adjustments were reported at other Middle East embassies. The same day, an attack on King Fahd International Airport in Dammam killed at least one person and injured eight, according to Saudi Civil Aviation. The Houthis have repeatedly struck Saudi military and oil facilities, and Saudi Arabia has assembled an international coalition against them. At sea, the UKMTO reported a tanker struck by a projectile near Al Faw, Iraq, on Tuesday with no reported damage, and another tanker was hit off Oman early Wednesday, causing a fire that was later extinguished. The conflict dates to Feb. 28, when President Trump announced โmajor combat operationsโ against Iran; talks produced a memorandum of understanding in June, but negotiations have since stalled and the two sides have traded strikes. The United States is enforcing a blockade of Iranian shipping, Iran says the Strait of Hormuz remains closed, and Washington accuses Tehran of attacking commercial vessels there. A source told ABC News the military has recently repositioned personnel at Middle East bases in a pattern similar to the moves before February, though the source said it is not tied to a plan to resume combat, and CENTCOM spokesman Capt. Tim Hawkins said forces are โregularlyโ moved and declined to discuss specifics. Brig. Gen. Yadollah Javani of Iranโs Revolutionary Guard warned that Iran could target seven undersea internet cables in the Strait of Hormuz if the United States resumes attacks, while Secretary of State Marco Rubio said Iranโs nuclear capability is โat the coreโ of the U.S. approach. For American drivers and markets, the stakes show up in oil: Brent crude settled at $108.82 a barrel Wednesday after briefly topping $110.
๐๐ฎ๐ฉ๐ซ๐๐ฆ๐ ๐๐จ๐ฎ๐ซ๐ญ ๐๐๐๐ฉ๐ฌ ๐๐ซ๐๐ง๐ฌ ๐๐ซ๐ข๐ฌ๐จ๐ง ๐๐๐ซ๐ ๐๐ง ๐๐ฅ๐๐๐
The Supreme Court on Wednesday refused to let the Trump administration end hormone therapy and other gender-affirming care for transgender inmates in federal prisons, leaving a lower-court injunction in force while the litigation continues. The unsigned order, issued in Kingdom v. Trump, said only that the application for a stay โpresented to The Chief Justice and by him referred to the Court is denied,โ and it offered no explanation. Justices Clarence Thomas and Samuel Alito would have granted the administrationโs request, and no written opinion accompanied the order. The case was brought on behalf of roughly 1,000 inmates with a gender dysphoria diagnosis, about 800 of whom the American Civil Liberties Union believes have been prescribed hormone therapy. U.S. District Judge Royce Lamberth barred the Bureau of Prisons earlier this summer from carrying out its policy to end the treatments, and the D.C. Circuit declined to pause his order. Solicitor General D. John Sauer then took the dispute to the high court, arguing in part that the care could make recipients โtargets for attacksโ and โbreed resentmentโ among other prisoners. The ACLU countered that the Bureau of Prisons has treated gender dysphoria since at least 1992 and called the governmentโs newer arguments a โglaring omissionโ from the administrative record. The bureau stopped publishing data on transgender inmates after 2025, and the ACLU estimates more than 2,000 transgender people are in federal custody. The outcome sits uneasily beside recent Court decisions that let states bar transgender girls from school sports and upheld state bans on gender-affirming care for minors. Wednesdayโs order is not a ruling on the merits, so the fight over the policy will keep moving through the lower courts.
๐๐ ๐๐ง๐๐ฅ๐๐ญ๐ข๐จ๐ง ๐๐ฎ๐ฆ๐ฉ๐ฌ ๐ญ๐จ ๐.๐% ๐๐ฌ ๐
๐ฎ๐๐ฅ ๐๐จ๐ฌ๐ญ๐ฌ ๐๐ฎ๐ซ๐ ๐
UK consumer price inflation rose to 3.5 per cent in the year to September, up from 3.1 per cent in August and above the 3.4 per cent economists expected, the Office for National Statistics reported. It was the third consecutive monthly increase after 2.9 per cent in July, and the measure that includes owner-occupiersโ housing costs, CPIH, climbed to 3.6 per cent. Motor fuel prices were up 29.8 per cent on the year, the highest fuel inflation since August 2022, making transport the largest contributor to price growth. Core inflation, which strips out food, energy, alcohol and tobacco, rose to 2.8 per cent, while falling hotel and restaurant prices partly offset the energy-driven increase. JPMorganโs Scott Gardner said the rebound โhas consumed the disinflation gains achieved in the springโ and flagged services inflation as the bigger worry because of the risk of second-round effects. Markets now price a 98 per cent probability of a 25-basis-point Bank of England rate rise to 4 per cent at next monthโs meeting, with most traders expecting another increase in December. David Hollingworth of L&C Mortgages said โthe overwhelming direction for fixed rates in recent months has been upโ, and tracker-mortgage borrowers would face higher payments if the base rate rises. John Phillips, chief executive of Just Mortgages and Spicerhaart, said the market is awaiting the Budget next week. The next inflation release is due on 18 November, ahead of the December rate decision.
๐๐ก๐ข๐ฉ ๐๐จ๐ฎ๐ญ ๐ข๐ง ๐๐ฌ๐ข๐, ๐
๐ซ๐๐ง๐๐ก ๐๐ข๐๐ฅ๐๐ฌ ๐๐ซ๐๐๐ค ๐%, ๐๐ซ๐๐ง๐ญ ๐๐จ๐ฉ๐ฌ $๐๐๐
Global markets diverged on Thursday, with Asian technology stocks reversing Wednesdayโs rebound while European and US equities advanced on strong earnings. South Koreaโs Kospi fell more than 3 per cent, Japanโs Nikkei 225 lost about 2 per cent and Hong Kongโs Hang Seng dropped 2.7 per cent as investors questioned whether massive AI spending will produce sustainable profits; SK Hynix fell nearly 6 per cent and Tokyo Electron 5.9 per cent. In Europe, the Stoxx 600 rose 0.9 per cent, the DAX gained 1.3 per cent, the CAC 40 added 1.1 per cent and the FTSE 100 edged up 0.2 per cent, although Carrefour tumbled 13.8 per cent after warning that unrest in France would hurt its earnings. On Wall Street the S&P 500 rose 0.6 per cent to 7,757.17, with SpaceX up 7.8 per cent on its first profit as a public company, while Tesla slipped 3.3 per cent after hours despite beating profit estimates because of reduced capital spending plans. The bond market delivered the sharper warning: Franceโs 10-year OAT yield closed at 5.013 per cent, its first daily close above 5 per cent in more than 24 years, and the spread over German Bunds widened to more than 159 basis points, the widest since 2012. US 10-year Treasury yields ended Wednesday at 5.12 per cent before easing to about 5.08 per cent. Brent crude rose 2 per cent to above $111 a barrel after a drone strike on Saudi Aramcoโs Shaybah field, which left operations unaffected, and a separate attack on Dammamโs airport that killed one person. Higher energy prices stoked inflation and rate worries, pushing spot gold down 1.3 per cent to around $4,090 an ounce, silver down 3 per cent to $56.20 and copper down 1.5 per cent. The Australian dollar slipped toward 0.7015 on weaker metals prices, and sterling firmed after EUR/GBP rebounded from a 17-month low of 0.8372. Investors now watch whether the oil spike and French fiscal strain feed into central-bank decisions, with UK inflation data already pointing to a Bank of England rate rise.
๐๐ฎ๐ฌ๐ญ๐ซ๐๐ฅ๐ข๐ ๐๐ญ ๐ โ๐๐ซ๐จ๐ฌ๐ฌ๐ซ๐จ๐๐๐ฌโ ๐๐ฌ ๐๐จ๐ฅ๐ข๐๐ ๐๐๐ซ๐ง ๐จ๐ ๐๐จ๐ฎ๐ญ๐ก ๐๐๐๐ข๐๐๐ฅ๐ข๐ฌ๐๐ญ๐ข๐จ๐ง
Senior Australian security officials have told a parliamentary inquiry the country faces a โtsunamiโ of youth radicalisation online. Sandra Booth, Acting Deputy Commissioner of the Australian Federal Police, told the Joint Parliamentary Committee on Intelligence and Security that radicalisation that once took months or years now happens within days. She said children are being targeted by โsadisticโ predators, who sometimes turn victims into perpetrators by blackmailing them into livestreaming animal cruelty or assaulting siblings. ASIO Deputy Director-General Claire McGinnis said the counter-terrorism caseload is getting younger and that potential offenders have used AI chatbots to research and plan attacks, saving hours of work. Since 2020, counter-terrorism authorities have targeted 65 children aged 12 to 17, with 35 of those investigations leading to charges, and an 11-year-old has taken part in a de-radicalisation program. Among recent cases, a 13-year-old boy was charged after police allegedly found a notebook outlining plans to shoot classmates. Brendan Dowling of Home Affairs said most referrals to de-radicalisation programs come from law enforcement, suggesting authorities are intervening too late, and that some young people who completed programs later returned to extremist ideologies. ASIO director-general Mike Burgess has described the threat environment as โunprecedentedโ, with the national terrorism threat level at โprobableโ. The AFP is considering seeking powers to more actively disrupt harmful online chat groups, including by posting messages alerting users that police are present. Encrypted apps remain an โenduring challengeโ for ASIO, and the spy chief said privacy is important but should not be absolute when significant threats are involved.
๐๐จ๐ฎ๐ฉ๐ฅ๐ ๐
๐จ๐ฎ๐ง๐ ๐๐๐๐ ๐๐ญ ๐๐ซ๐๐ฒ ๐๐จ๐ฆ๐; ๐๐๐ซ๐๐รญ ๐๐ฉ๐๐ง ๐๐ง๐ฏ๐๐ฌ๐ญ๐ข๐ ๐๐ญ๐ข๐จ๐ง
Gardaรญ have opened an investigation after the bodies of Jamie McGinn, 38, and Bridget โBiddyโ OโBrien, 45, were found at their home in the Cois Cairn estate on Old Connaught Avenue in north Bray, Co Wicklow, on Wednesday morning. Gardaรญ were alerted just after 8am and both were pronounced dead at the scene. McGinn was found outside the house with visible injuries, while OโBrien was in an upstairs bedroom. Gardaรญ believe violence was a factor but have found no evidence that anyone else was present, and the Irish Times reported on Thursday there were no obvious indications that OโBrien had suffered violence. A senior investigating officer has been appointed and an incident room set up at Dรบn Laoghaire Garda station, with the Garda Technical Bureau examining the scene and post-mortems to be arranged through the coroner and the Office of the State Pathologist. The coupleโs story is bound up with one of Irelandโs worst tragedies: on 8 March 2017 a fire at a Clondalkin facility for women leaving domestic violence killed four people, including OโBrienโs children, Holly, 3, and Jordan McGinn, 4. OโBrien survived with extensive burns and spent a long period in intensive care, missing the funerals and learning of her childrenโs deaths about six weeks after the fire. McGinn later developed a cocaine habit that a court heard was linked to his trauma, and he received a 4ยฝ-year sentence, with the final three years suspended, after gardaรญ found cocaine and cannabis worth nearly โฌ200,000 at his home. Neighbour Harry Gilbert, who lost family in the 2015 Carrickmines fire, called the couple โlovelyโ, and a local source said they โlived for each otherโ after their children died. Jim OโBrien of the Bray Travellers Community Development Group said the organisation was devastated and offered support to both families.


