Everyone Talks About U.S. Debt But Europe May Be in Worse TroubleAmerica’s debt problem is impossible to miss. Federal debt has crossed $40.08T, another $1.9T deficit is expected this fiscal year and the 30-year Treasury yield is around 5.25%, its highest since 2007. Yet the next Western debt crisis may begin across the Atlantic. Washington has advantages that buy it time. The United States issues the world’s principal reserve currency, collects taxes through one federal government and sells debt through one enormous Treasury market. It can attract foreign capital and push part of the cost abroad. That does not make $40T harmless, but it can delay the reckoning. The eurozone has no comparable safety valve. It has one currency and one central bank, but 20 governments issuing their own debt, running separate budgets and answering to different voters. The ECB must set one monetary policy for economies with very different debts and growth rates. France shows why this is dangerous. Its 10-year bond yield has risen to about 4.15%, its highest since 2008 and now slightly above Italy’s. The European Commission expects a 5.1% French deficit this year and public debt near 120% of GDP by 2027. The problem can no longer be blamed on Greece or another small southern economy. France is the eurozone’s second-largest economy and one of the states meant to support rescue mechanisms for everyone else. If its debt starts trading like the old European “periphery,” the line between rescuers and rescued begins to disappear. Germany offers little comfort. Its 10-year yield is near 3.3%, a 15-year high, while its industry remains weak. Europe’s two central powers are paying more to borrow just as Brussels prepares another spending surge. The EU plans to mobilize up to €800B for rearmament. Member states must also finance ageing populations, expensive energy, social programs and support for Ukraine. Budget cuts provoke resistance. More borrowing raises yields. ECB intervention places more national debt risk onto the shared monetary system. The United States can abuse the dollar’s global role for longer. Europe may hit the wall first because it carries heavy debts without a genuine federal state standing behind them. One central bank cannot reconcile every national budget forever. So yes, America’s debt matters. But the louder surprise may come from a European Union that spent years presenting itself as the responsible alternative. Washington has a dangerous debt problem. Europe has the same problem inside a system poorly designed to survive it. No sympathy is required. Both created this predicament through wars, sanctions, subsidies and promises they can no longer finance cheaply. Now we get to see which model breaks first.

US approves use of landmark pancreatic cancer drug that’s shown to boost survivalThe Food and Drug Administration approves a groundbreaking new drug for advanced pancreatic cancer, offering US patients a more effective treatment against one of the deadliest types of cancer. FDA officials give expedited approval to the first-of-a-kind pill, called daraxonrasib, which blocks a mutated protein that fuels tumor growth in more than 90 percent of pancreatic cancer cases. It’s an approach that previously eluded drugmakers for decades. The daily pills will be sold by Revolution Medicines under the brand name Rasonque. A one-month supply would cost approximately $39,800, the company announced. Patients taking the drug nearly doubled their survival time, with fewer severe side effects, in a study that randomly assigned them to receive the experimental treatment or more chemotherapy. The company-funded study enrolled 500 patients whose metastatic, or spreading, cancer had quit responding to prior treatment. Patients getting the new treatment lived for a median of 13.2 months compared with 6.7 months for chemotherapy recipients. Side effects included skin rash, mouth sores, diarrhea, and other digestive issues. “This is one of the most anticipated approvals I can think of,” Dr. Andrew Coveler of the Fred Hutch Cancer Center says. “This medicine is not a cure but a significant improvement.” Pancreatic cancer is among the deadliest forms in large part because it is hard to detect before it starts spreading to other organs. The American Cancer Society estimates that about 67,000 new cases will be diagnosed in the United States this year and more than 52,000 people will die from the disease. The five-year overall survival rate is 13%.

At least 18 dead after close to 50,000 Moroccan migrants stream into Spanish city Spain’s Interior Ministry says that, according to its estimates, some 49,000 migrants have crossed into the enclave of Ceuta in North Africa over the past 24 hours, as they rush by sea and land from Morocco. “There was a steady stream of people all night long,” and while arrivals were lower than during the day, migrants “continued to arrive overnight and are still arriving” this morning, a police source says. A total of 18 people died while attempting to reach the Spanish enclave, the source adds. Spain sent military and police reinforcements to Ceuta yesterday after the surge. Ceuta, along with ‌Melilla, another Spanish autonomous city in northern Morocco, represent the European Union’s only land border with Africa. Both cities periodically experience surges in attempted crossings by migrants seeking to reach ​Europe.

US says France can't use America's GMLRS missiles with domestic MLRS The United States has refused to allow #France to use American GMLRS missiles with its Thundart and Foudre high-precision multiple launch rocket systems (#MLRS), the Euractiv portal said. According to the portal, a US official said that #Washington has not authorized the integration of its Guided Multiple Launch Rocket System (#GMLRS) rockets into the French systems, raising questions about interoperability. The publication notes that, based on the experience of the conflict in Ukraine, in particular the widespread use of American #HIMARS systems, the French are now considering the creation of two new missile systems: Foudre, which Turgis Gaillard intends to produce, and Thundart are the joint brainchild of MBDA and Safran companies. Both are scheduled to go into production in 2027. French developers have so far said these systems will be compatible with American GMLRS missiles, which would relieve the French of the task of ensuring the production of significant amounts of ammunition for these systems.

Former Prince Andrew arrested in connection with Epstein case UK King’s brother Andrew Mountbatten-Windsor has been arrested on suspicion of misconduct in public office amid an investigation into his ties with convicted US financier Jeffrey Epstein, the BBC reported. The former prince was arrested on his 66th birthday. Earlier, The Daily Telegraph reported that six police cars had arrived at his home on the grounds of the royal estate in Sandringham in eastern England. Thames Valley Police indirectly confirmed the arrest of the royal family member. "As part of the investigation, we have today arrested a man in his sixties from Norfolk on suspicion of misconduct in public office and are carrying out searches at addresses in Berkshire and Norfolk. The man remains in police custody at this time. We will not be naming the arrested man, as per national guidance," the statement said. Last week, Thames Valley Police announced that they had begun investigating allegations that Mountbatten-Windsor had shared confidential information with Epstein. This refers to the period when the royal family member, who at that time still held the titles of Prince and Duke of York, was the UK's special representative for international trade and investment. He held this position from 2001 to 2011. According to the Sky News TV channel, the data published by the US Department of Justice in the Epstein case file contains information that, in 2010, Prince Andrew provided Epstein with reports on his trips to Vietnam, Singapore, and China and shared confidential information about investments in Afghanistan.

Jan. 15, 2026 - First European servicemen arrive in Greenland The first servicemen from European countries have arrived in Greenland amid statements by US President Donald Trump about the need to annex the island to the US, Bild reported. According to the newspaper, a Danish military transport plane landed last night at the airport in Nuuk, the capital of Greenland. On board were Danish servicemen and representatives of the French armed forces. Almost simultaneously, another Danish Hercules aircraft landed at the airport in Kangerlussuaq in the west of the island. Both planes flew with their transponders turned off. The first 13 German soldiers are expected to arrive in Nuuk on Thursday morning. In addition to Germany, the United Kingdom, Canada, the Netherlands, Norway, and Sweden will participate in the mission to deploy troops on the island. The mission is being coordinated from Copenhagen, not through NATO, of which all these countries are members. Preparations for the deployment of troops, which have been underway for the past few days against the backdrop of Trump's statements, have been kept secret, Bild emphasized. The newspaper noted that the first servicemen were sent to the island only after talks between Danish and Greenlandic representatives and the US failed on Wednesday. On January 14, Trump stated that the United States remains committed to acquiring Greenland despite Denmark's objections. Greenland is Denmark's autonomous territory. In 1951, Washington and Copenhagen signed the Greenland Defense Agreement in addition to their NATO alliance commitments. Under the treaty, the US committed to defend the island from potential aggression.

Video of assassination of local Iran police commander The moment of the #assassination of Mahmoud Haqiqat, commander of the police station in Iranshahr, #Iran by #Balochi separatists. He was the former head of the city’s Intelligence and was responsible for cracking down on anti-regime Balochies in the city.

Macron to host Palestinian Authority’s Abbas on Nov. 11th France's #Macron will host #Palestinian Authority President Mahmoud #Abbas tomorrow, Macron’s office said in a statement. France officially recognized a Palestinian state in September.

Trump says US authorities will pay citizens $2,000 'dividends' from tariffs President Donald Trump has stated that American authorities intend to pay citizens "dividends" of at least $2,000 per person. The US leader asserted on the social network Truth Social that the tariffs imposed by Washington on products from other countries have allowed the US to generate significant revenue. "We are taking in trillions of dollars and will soon begin paying down our enormous debt, $37 trillion," he noted. "A dividend of at least $2000 a person (not including high income people!) will be paid to everyone," Trump added. He did not provide any details regarding this plan.

Pentagon chief likens current world situation with 1939, when World War II began Pentagon head Pete #Hegseth compared the current situation in the world with 1939, when World War II began, according to the Forbes Breaking News YouTube channel. "This is a 1939 moment. Or hopefully a 1981 moment. A moment of mounting urgency. Enemies gather, threats grow. You feel it, I feel it," Hegseth said on Friday, when he attended the National Defense University in Washington. "If we are going to prevent and avoid war, which is what we all want, we must prepare now," the Pentagon chief said, adding that potential US opponents, whom he did not name, are not sitting idly by. In 1981, the United States imposed sanctions against the #USSR in response to the introduction of martial law in Poland over the strikes of the Solidarity trade union.