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On September 18th, NBC reported, citing seven current and former U.S. and Western officials, that the Pentagon is assessing a significant reduction in U.S. military deployments in Europe, potentially withdrawing approximately 25,000 troops, roughly one-third of the current U.S. troop presence in the region. The proposed reduction could even extend to a maximum of 40,000 troops. If implemented, this would be the largest adjustment to the U.S. military presence in Europe since the end of the Cold War. Currently, the U.S. has approximately 80,000 troops stationed in Europe, primarily in Germany, Italy, and Spain. The report states that the Pentagon launched a six-month review of its European troop presence in June. European Command Commander Alex Greenkiewicz is expected to submit the assessment to Defense Secretary Hergsays soon, with plans potentially involving reductions in air and naval personnel, ground troops, or adjustments to troop deployment locations. Pentagon officials stated that the review aims to ensure U.S. military deployments align with the "America First" strategy. Some European countries and U.S. lawmakers have expressed concern about the large-scale withdrawal, arguing that it could weaken NATOs deterrent capabilities. Supporters, however, believe the U.S. should reallocate its overseas military resources, assigning more regional defense responsibilities to Europe. The relevant plan has not yet been finalized, and any withdrawal is expected to proceed after the final recommendation is submitted to the president for approval.According to NBC News, the Pentagon is considering withdrawing nearly a third of its U.S. troops from Europe.OpenAI launches a new AI model for law firms.The Dow Jones Industrial Average rose 316.14 points, or 0.61%, to close at 51,778.04 on Thursday, September 17; the S&P 500 rose 85.91 points, or 1.14%, to close at 7,637.72; and the Nasdaq Composite rose 439.87 points, or 1.69%, to close at 26,418.30.On September 18, voting began in the Kamchatka Krai and Chukotka Autonomous Oblast for the election of Russias ninth State Duma (lower house of parliament) at 8:00 a.m. local time. This is the first nationwide parliamentary election held in Russia since the special military operation against Ukraine in 2022.

BlackRock’s Fink says there may have been misbehaviors at FTX

Skylar Shaw

Dec 01, 2022 15:10

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Despite there appears to have been some improper behavior at the cryptocurrency startup FTX, BlackRock's Chief Executive Officer Larry Fink stated on Wednesday that the technology underlying cryptocurrencies is still important today.


We'll have to wait and see how everything turns out (with FTX). At a New York Times Dealbook event, Fink said, "I mean, right now we can make all the judgment calls and it appears like there were misbehaviors of big implications." He added that BlackRock invested $24 million in FTX through a fund of funds it administers.