Vatican-Backed Report Urges Global Debt Relief

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News Date: June 20, 2025

🙏🏛 A new Vatican-backed report, authored by a commission of leading global economists and experts, calls for urgent global debt relief to address the escalating crises of development and climate change. The Jubilee Report highlights that 54 developing countries now spend over 10% of their tax revenues just on interest payments, diverting critical resources away from health, education, and climate resilience. The report urges systemic reforms, including fairer debt restructuring and a reimagining of global finance to serve people and the planet, not just profits.
This initiative builds on the vision of Pope Francis, who declared 2025 a Jubilee Year focused on debt forgiveness and justice. Now, this mission is being carried forward by the new Pope, Leo XIV, who emphasized at his inauguration the urgent need to overcome economic systems that exploit the Earth and marginalize the poor. Under his leadership, the Vatican continues to champion debt relief as both a moral imperative and a practical step toward global equity and sustainability

Trump Purges 11 Leading Advisors From Defense Policy Board

Several members of the top federal advisory committee to the U.S. Department of Defense have been suddenly pushed out, multiple U.S. officials told Foreign Policy, in what appears to be the outgoing Trump administrations parting shot at scions of the foreign-policy establishment.
The directive removes 11 high-profile advisors from the Defense Policy Board, including former Secretaries of State Henry Kissinger and Madeleine Albright; retired Adm. Gary Roughead, who served as chief of naval operations; and a onetime ranking member of the House Intelligence Committee, Jane Harman. Rudy De Leon, a former chief operating officer at the Pentagon once considered by then-Defense Secretary James Mattis for a high-level policy role, will also be ousted.
Sources: twitter.com, foreignpolicy.com

Visa Files Patent For Blockchain Digital Fiat Currency

Visa International has filed for a cryptocurrency system patent that is meant to replace physical currency. The system, which utilizes both central banks and commercial banks, leverages a private blockchain to improve the payment ecosystem. The filing is for a fiat-linked cryptocurrency system using a private distributed ledger technology (DLT).
Source:bitcoin.com

EO to Lower Drug Costs and Ensure Life-saving Medications

The first order directs federally qualified health centers to pass along massive discounts on insulin and epinephrine from drug companies to low-income Americans.
The second order will allow the safe, legal importation of prescription drugs from Canada and other countries where the price for identical drugs is lower.
The third order will prohibit secret deals between drug manufacturers and pharmacy "benefit manager" middlemen, ensuring patients directly benefit from available discounts at the pharmacy counter.
The fourth order ensures the United States pays the lowest price available among economically advanced countries for Medicare Part B drugs. The United States often pays 80 percent more for these drugs than other developed nations.
Source:www.whitehouse.gov

Next generation supersonic jet

Virgin released a few fantastic conceptual designs of the new supersonic commercial aircraft that would have the capacity for 9 to 19 people at an altitude above 60,000 feet.
The now-retired Concorde flew at average cruising speed around Mach 2, which would mean the Virgin aircraft could hit speeds over 2,300 mph, or about 50% faster.
Sources:liveandletsfly.com, www.zerohedge.com

EO on the National Quantum Initiative Advisory Committee

Donald Trump signed an Executive Order on Establishing the National Quantum Initiative Advisory Committee at White House, August 30, 2019.
Quantum Information Science (QIS) is an emerging field with the potential to cause revolutionary advances in fields of science and engineering involving computation, communication, precision measurement, and fundamental quantum science.
Sources:www.whitehouse.gov, en.wikipedia.org