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P.M. BRIEFING : Bentsen Weighs Capital Gains Cut

Sen. Lloyd Bentsen (D-Tex.), chairman of the Senate Finance Committee, is examining ways to reduce capital gains taxes, it was reported today.

Bentsen told the Wall Street Journal in a telephone interview that he intends to ask his tax-writing committee to devise a bill that would raise federal revenues about $8 billion in fiscal 1990, which begins Oct. 1.

Such an increase would extend several tax breaks that are about to expire, including the credit for research and development expenditures.

Bentsen said a capital gains tax cut “is one of those things we’ll have to take a look at” as part of the tax package.

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State Department has cut jobs with deep expertise in Middle East as Iran crisis escalates

In the escalating war in Iran, the State Department’s Bureau of Near Eastern Affairs would ordinarily be at the center of the geopolitical fray.

Typically led by a veteran diplomat, the bureau’s role would be to coordinate U.S. foreign policy across an 18-country region, much of which has become a chaotic battlefield scarred by drone and missile strikes as the U.S. and Israel remain locked in conflict with Iran.

The Trump administration for a time put Mora Namdar, a lawyer of Iranian descent with limited management experience, in charge before later moving her to a different post. One of her credentials was her contribution to Project 2025, a conservative think tank’s blueprint for the second Trump administration. Namdar’s last Senate-confirmed predecessor was a longtime Middle East expert who had been with the department since 1984 and had served as the U.S. ambassador to the United Arab Emirates.

Now that bureau is also working with far fewer resources. The administration’s most recent budget proposed a 40% cut to the bureau, though Congress eventually enacted less dramatic cuts. The administration also eliminated the dedicated Iran office, merging it with the Iraq office.

Staff reductions and management choices hamper emergency response

These kinds of personnel and management choices — coupled with President Trump’s moves to shrink government and confine decision-making to a tight circle — are limiting the ability of the United States to handle a global emergency, according to interviews with more than a dozen current and former U.S. officials, many of whom recently left government.

In divisions of the State Department that typically would handle the Iran response, numerous veteran diplomats with decades of collective experience were fired, retired or were reassigned — replaced by more junior officials or political appointees. The administration cut more than 80 staffers in Near Eastern Affairs, according to numbers compiled by a State Department employee who was terminated last year based on surveys of colleagues. (The department does not release official figures on Foreign Service officer staffing levels but did not dispute the number.)

The Trump administration has left the assistant secretary position in charge of Near Eastern Affairs vacant, along with key ambassadorships in the Middle East. Four of the five supervisors in the bureau have temporary titles.

The current and former officials, some of whom asked for anonymity to discuss sensitive internal matters during an active conflict, paint a portrait of an understaffed government workforce struggling to execute the president’s agenda. Those who remain tell colleagues that their analysis, recommendations and advice go unheeded.

The State Department vigorously disputed those assessments.

“As far as we can tell, AP’s entire ‘report’ on the evacuations does not include any conversations with people actually involved. Instead, it relies on ‘outside’ or ‘former official’ sources that have no idea what they are talking about. We walked AP through specific inaccuracy after specific inaccuracy — indeed how the whole premise was wrong,” State Department spokesman Tommy Pigott said.

More than 3,800 State Dept. employees departed since Trump took office

The State Department saw a departure of more than 3,800 employees since President Trump took office through a combination of reductions in force, staffers taking the Fork in the Road deferred resignation plan and ordinary retirements. According to estimates by the American Foreign Service Association, the labor union that represents foreign service officers, senior foreign service ranks were disproportionately represented in the layoffs compared to their share of the overall workforce.

“He’s making choices without the larger expertise of the United States government that would flag issues of consequence,” said Max Stier, CEO of the nonpartisan Partnership for Public Service, a nonprofit group that studies federal workforce issues. “Sometimes government is slow-moving because there are a lot of different factors that need to be balanced against each other.”

For instance, the administration appears to have been caught off guard by what would happen once the U.S. struck Iran — something Trump himself acknowledged this week when he expressed surprise that Tehran retaliated with strikes on American allies in the region. “Nobody expected that. We were shocked. They fought back,” Trump told reporters this week.

Pigott said staffing reductions “are not having any negative impact on our ability to respond to this operation, our ability to plan, and our ability to execute in service to Americans.” He added that the department “rejects the premise that key decisions were made without meaningful input from experienced professionals.”

But Iranian retaliation on U.S. allies was predictable, according to former officials, as well as previous war games and conflict models run by both the U.S. military and private organizations. The National Security Council, which Trump has pared, typically would have presented the president with analysis from experts within the bureaucracy.

Instead, decisions are made by a small group of officials close to the president without the planning or coordination of the larger machinery of government, including Secretary of State Marco Rubio, who also serves as the president’s national security adviser.

“In the Trump Administration, decisions are made by President Trump and senior administration officials and not by no-name bureaucrat leakers who whine to the press about not being consulted about highly classified operations,” White House spokesperson Dylan Johnson said.

Advice from career officials often went unheeded

“In the time that I was there, there was no policy process to speak of,” said Chris Backemeyer, who served in Near Eastern Affairs as a deputy assistant secretary of state before resigning last year. Backemeyer was a major proponent of the Iran deal that Trump abandoned. He recently left government to run for Congress as a Democrat in Nebraska.

“They did not want to hear any advice from career people,” said Backemeyer.

Namdar was later moved to be the head of Consular Affairs, the part of the department responsible for providing assistance to American citizens overseas and issuing visas to foreign visitors.

When the U.S. made the decision to strike Iran, Ambassador to Israel Mike Huckabee offered embassy staff in Jerusalem the opportunity to evacuate — a sign that he knew strikes were coming. But some other embassies in the region did not make similar arrangements — leaving nonessential personnel and their families stranded in a war zone.

The department said it has been issuing travel warnings since January and was fully staffed to handle the crisis the moment the strikes were launched.

Evacuation planning was chaotic

Still, little planning appears to have gone into how to evacuate the Americans who were living, working, visiting or studying in many of the countries that became engulfed in the conflict — in part because the White House seems to have underestimated the possibility of the strikes expanding into a prolonged multi-country war, as evidenced by Trump’s own remarks.

After Iranian attacks on allies like Saudi Arabia, Qatar and the United Arab Emirates, the State Department began calling for Americans to leave the region. But numerous former Consular Affairs staffers say such planning should have begun long before U.S. strikes started.

In a statement posted to social media, Namdar only told Americans to evacuate several days into the conflict, when airspace was largely closed and many commercial flights were unavailable.

“The messaging that went out to American citizens — after the U.S. struck Iran — was woefully late and, initially, confusing,” said Yael Lempert, who served as U.S. ambassador to Jordan until 2025. Lempert is one of five former ambassadors expected to speak about the department’s failures at an event Thursday at the American Academy of Diplomacy in Washington.

Other poorly executed evacuations, such the Biden administration’s withdrawal from Afghanistan, have drawn criticism.

But this time they’re compounded by the loss of experienced people, officials say. Consular Affairs has lost more than 150 jobs in the Trump administration due to a combination of reductions in force, dismissals of probationary employees and retirements, according to a U.S. official who asked for anonymity — though other parts of the department were hit much harder.

The department notes that it has offered assistance to nearly 50,000 Americans impacted by the conflict, with more than 60 flights evacuating citizens from the region. In total, the department says more than 70,000 Americans have been able to return home since the outbreak of hostilities on Feb. 28.

Democrat says personnel reduction imperiled safety

“The loss of experienced personnel through these RIFs has clearly undermined the Bureau of Consular Affairs’ ability to fulfill its most important mission, to protect Americans abroad,” Sen. Jeanne Shaheen, the top Democrat on the Senate Foreign Relations Committee, said in a statement.

Language skills at the department are also atrophying. Thirteen Arabic speakers and four Farsi speakers, all trained at taxpayer expense, were among employees let go, according to a draft letter being circulated by former foreign service officers.

It can cost $200,000 to train a foreign service officer in a language. The letter estimates that the total number of people fired by the State Department in the name of efficiency received more than $35 million in taxpayer-funded language training and more than $100 million in total training and other career development.

The State Department has set up two temporary task forces to deal with the crisis in the Middle East. One aims to bolster the capacities of Near East Affairs and another is aimed at helping Consular Affairs evacuate Americans.

A group of more than 250 Foreign Service officers were part of the administration’s reduction-in-force last year but still remain on the State Department’s payroll. Many have volunteered to return to the department to work on either a task force or do any other job that needs to be done with the outbreak of a global crisis.

“I haven’t been given any separation paperwork. I still have an active clearance. I could go back to the department tomorrow, either to backfill or staff a task force,” said one foreign service officer who asked for anonymity because they are still technically on the department’s payroll and are not authorized to speak to the press. “I will do the scutwork jobs.”

The department hasn’t responded to their offer but said in a statement that the task force is “fully staffed.”

Tau writes for the Associated Press.

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Iran attacks cut 17% of Qatar’s LNG capacity for up to 5 years: QatarEnergy | US-Israel war on Iran News

CEO Saad al-Kaabi says QatarEnergy may have to declare force majeure on long-term contracts for up to five years.

Iranian ⁠attacks on Qatar have wiped out ⁠17 percent of its liquefied natural gas (LNG) export capacity, causing an estimated $20bn in lost annual revenue and threatening supplies to Europe and ⁠Asia, QatarEnergy’s CEO says.

Saad al-Kaabi told the Reuters news agency on Thursday that two of Qatar’s 14 LNG trains, the equipment used to liquefy natural gas, and one of its two gas-to-liquids facilities were damaged in Iranian strikes this week.

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The repairs will sideline 12.8 million tonnes of LNG production per year for three to five years, he said.

“I never in my wildest dreams would have thought that Qatar would be – Qatar and the region – in such an attack, especially from a ‌brotherly Muslim country in the month of Ramadan, attacking us in this way,” al-Kaabi said in an interview.

His comments came hours after Iran on Wednesday launched a series of attacks on oil and gas facilities across the Gulf region after the Israeli military bombed its South Pars offshore gasfield.

Tehran has been firing missiles and drones across the Middle East in response to the United States-Israeli war on Iran, which began on February 28.

It also has essentially blocked the Strait of Hormuz, a critical Gulf waterway through which about one-fifth of the world’s oil and LNG supplies transit, fuelling soaring petrol prices and global concerns about rising inflation.

Iran’s attacks on energy infrastructure have heightened tensions with its Arab Gulf neighbours, who have condemned the strikes as a violation of international law.

Iranian Foreign Minister Abbas Araghchi said on Thursday that his country would show “ZERO restraint” if its infrastructure is struck again as the Israeli attack on the South Pars gasfield continued to spur condemnation.

“Our response to Israel’s attack on our infrastructure employed FRACTION of our power. The ONLY reason for restraint was respect for requested de-escalation,” Araghchi wrote on X.

“Any end to this war must address damage to our civilian sites.”

‘Stay away from oil and gas facilities’

During Thursday’s interview with Reuters, al-Kaabi said QatarEnergy may have to declare force majeure on long-term contracts for up to five years for LNG supplies bound for Italy, Belgium, South ⁠Korea and China due to the two damaged trains.

“I mean, these are long-term contracts that we have to declare force majeure. We already declared, but that was a shorter term. Now it’s whatever the period is,” he said.

QatarEnergy had declared force majeure on its entire output of LNG after earlier attacks on its Ras Laffan production hub, which came under fire again on Wednesday. “For production to restart, first we need hostilities to cease,” al-Kaabi said.

The damaged units cost about $26bn to build, al-Kaabi said. He also told Reuters that the scale of the damage from the attacks has set the region back 10 to 20 years.

“If Israel attacked Iran, it’s between Iran and Israel. It has nothing to do with us and the region,” he said.

“And so now, in addition to that, I’m saying that everybody in the world, whether it’s Israel, whether it’s the US, whether it’s any other country, everybody should stay away from oil and gas facilities.”

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World’s best waterparks revealed – and two UK ones made the cut

Universal Orlando Volcano Bay in Orlando in Florida, Area 47 in Austria and Thermas dos Laranjais in Brazil made the rankings, but so did two UK excellent UK waterparks

Two of the best waterparks in the world are in the UK.

With most waterparks set to reopen for the year this month, AttractionTickets.com has compiled a ranking of the best across Europe and the Americas.

Leading the global ranking with a 23/30 score is Universal Orlando Volcano Bay in Orlando, Florida, earning top marks for its high adrenaline rides, and the variety of its attractions. Close behind in second place is Thermas dos Laranjais in Brazil, with a score of 21/30, home to some of the world’s most daring and record-breaking slides. Rounding out the top three is Area 47 in Austria, which is known for its unique blend of high-thrill slides and relaxation.

Alongside these world-renowned waterparks are some locally-loved spots. The pick of the UK bunch is Sandcastle Waterpark. The Blackpool aquazone is indoors, with 18 water slides, including real eye-catchers such as the world’s longest indoor roller coaster water slide, the Master Blaster, and the first vertical indoor drop slide, the Sidewinder.

The future looks intriguing for the UK’s largest waterpark. It is getting a £500,000 makeover, to be unveiled just in time for the Easter break. The waterpark celebrates its 40th anniversary this year, and this long-running attraction is popular with guests year-round since it’s consistently heated at 28C. So, even if you’re not heading off somewhere sunny this Easter, you can still enjoy a tropical atmosphere.

Sandcastle Waterpark is set on the seaside town’s iconic promenade, close to the Pleasure Beach and South Pier. It boasts 18 slides, including both white-knuckle rides and gentler options for the kids. One of its main attractions is the Master Blaster, famous for being the UK’s longest indoor water rollercoaster.

The waterpark’s improvement plans include refurbishing its changing village and adding lockers with digital PIN codes for enhanced security. The rides will be repainted, and a new audio system is being installed.

Sandcastle has a whole host of great reviews online. One happy customer recently wrote on Tripadvisor: “Visited for the first time at the weekend for my son’s 8th birthday. I initially thought it was expensive for a water park, however, it was well worth the money! It was rather busy but I didn’t queue for more than 10 minutes for some slides. The place was clean and lots of staff around.”

Another added: “What an amazing day. My grandson has additional needs, and Sandcastles went above and beyond to accommodate us. It really made our day, it was a second visit and both times they have been so considerate and I can’t rate them highly enough. 100 out 10 sandcastles! Thank you.”

Coming in just behind Sandcastle on the AttractionTickets rankings is Alton Towers Waterpark. Previously known as Cariba Creek, it has a tropical lagoon theme. The park has multiple slides to ride, with Master Blaster propelling riders at high speed.

Oliver Brendon, CEO of AttractionTickets.com, said: “With waterparks reopening and excitement building amongst aqua fanatics, we set out to compile a list of the best waterparks for all members of the family. By combining our expert insight with online review sentiment, we identified the top waterpark destinations around the world that deliver family-friendly fun and heart-dropping thrills.

The results show that the most successful waterparks are those that put innovation and the guest experience at the forefront. That’s why parks like Beach Park, Universal Orlando’s Volcano Bay and Area 47 remain at the very top of the list.”

  1. Universal Orlando Volcano Bay
  2. Thermas dos Laranjais
  3. AREA 47 – Tirol
  4. Beach Park and Aqualand
  5. Siam Park
  6. O’Gliss Park
  7. Aquatica
  8. Aqualandia
  9. Slide & Splash
  10. Caribe Bay
  11. Disney’s Typhoon Lagoon
  12. Rulantica
  13. Aquafan
  14. Sandcastle Waterpark
  15. Alton Towers Waterpark

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World’s ‘greatest places for 2026’ revealed and two in the UK make the cut… including one you won’t have heard of

THE world’s greatest places of 2026 have been named and there are two on the list from the UK.

TIME’s annual World’s Greatest Places list looks at everything from hotels and cruises to attractions and experiences.

TIME’s World’s Greatest Places has included everything from hotels to attractionsCredit: AP
The ew V&A East Storehouse in London was includedCredit: Alamy
An afternoon tea experience in Somerset was also namedCredit: Instagram/thenewtinsomerset

This year, this included Disney cruises, new museums and beautiful coastal regions, mainly looking at anything “new, exciting, and relevant”.

The new Grand Egyptian Museum in Cairo was highlighted, as was the new Epic Universe in Florida.

Yet making the top 100 list was the new V&A East Storehouse in London.

Spread across four floors, it takes up the space of around 30 basketball courts.

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The museum’s collection is broken down into three ‘themes’ – items that have a story, items inspired by the V&A and items that show a working museum.

Having opened last years, TIME explained: “At a time when many museums’ permanent collections have so far outgrown their galleries that only a fraction of their holdings can ever be exhibited at once, the new V&A East Storehouse is taking a radically different approach.

“The real game-changer is the Order an Object system, which lets guests search a digital catalog of more than half a million items and select up to five pieces to be pulled from the shelves and presented one-on-one by a museum staffer for up-close inspection during a future visit. 

The Sun’s Deputy Travel Editor Kara Godfrey visited when it first opened.

She said: “An element I loved was the lack of walls where you can see everything while standing in one spot.

“It almost reminded me of an IKEA warehouse with the simple plywood and metal structures and open concept.

“But the variation of items (of which there are 250,000) means there is something for everyone.”

It’s free to visit, with free lockers and an on-site cafe.

Also making the TIME top 100 list is The Maid of Somerset, a very fancy afternoon tea experience.

Guests enter the Creamery at Castle Cary Station, with the afternoon tea taking place in a “British Pullman style” saloon car.

TIME said: “Unlike the stereotypical snooty high tea, the Maid’s service is steeped in the good humor – and obsession with quality – that typifies Roos’ and Bekker’s projects.

“The friendly attendants prepare 11 loose-leaf teas – a mix of house blends and Prince & Sons selections – and serve finger sandwiches like cucumber and Waterlip, a tangy feta-style cheese made on site at the Creamery.

“A three-tiered sweets tower follows, featuring cardamom-scented orange cakes and scones paired with the Newt’s strawberry-rose preserves.”

The experience costs £35, or £45 with alcohol.

The experience takes place on a luxury trainCredit: Instagram/thenewtinsomerset
The Grand Egyptian Museum in Giza was also mentionedCredit: Alamy

Here are some other amazing afternoon tea experiences in the UK.

Read the full TIME list below.

TIME’s World’s Greatest Places

  • Songtsam Lodge Cizhong, China
  • Oberoi Rajgarh Palace Resort, India
  • Masiya’s Camp at Royal Malewane, South Africa
  • Hotel Plesnik, Slovenia
  • Avantgarde Refined Caves of Cappadocia, Turkey
  • andBeyond Suyian Lodge, Kenya
  • Tinajani, Peru
  • One&Only Moonlight Basin, USA
  • Aurora Expeditions Douglas Mawson, Antarctica (The Southern Ocean)
  • Home Tale Laya, Bhutan
  • Flockhill, New Zealand
  • Park Hyatt Johannesburg, South Africa
  • Jnane Karwan, Morocco
  • Aliée Istanbul, Turkey
  • Dearborn Inn, USA
  • Mandarin Oriental Bangkok, Thailand
  • Moonpass Lookouts, USA
  • Bab Samhan Hotel, Saudi Arabia
  • Disney Destiny, Caribbean
  • House of Tugu Old Town Jakarta, Indonesia
  • Deer Valley Resort, USA
  • Jumeirah Marsa Al Arab, UAE
  • Huus Quell by Appenzeller Huus, Switzerland
  • Fufu Tokyo Ginza, Japan
  • Mharo Khet, India
  • Estancia Mercedes, Chile
  • Blow Up Hall, Poland
  • Aarunya Nature Resort, Sri Lanka
  • The Pinnacle Kigali, Rwanda
  • Shortgrass Resort, USA
  • Norden Camp, China
  • Six Senses Laamu, Maldives
  • Soori Penang, Malaysia
  • Quercus, USA
  • MSC World America, Caribbean
  • Pared Sur Camp, Chile
  • Okana Resort & Indoor Waterpark, USA
  • The Silk Lakehouse, China
  • The Blue Jasmine Train, Thailand
  • Ress Spa, Faeroe Islands
  • Shakti Himalaya Prana Lodge, India
  • Risonare Shimonoseki, Japan
  • Mountain Lodges of Nepal Manang, Nepal
  • Varg Sail Yacht, Norway
  • Casa Gastón, Bolivia
  • Hotel del Coronado, USA
  • Bhaya Soul, Vietnam
  • Sea Sea Hotel, Australia
  • Hunza Serena Hotel, Pakistan
  • Nekajui, a Ritz-Carlton Reserve, Costa Rica
  • V&A East Storehouse, United Kingdom
  • Surf Abu Dhabi, UAE
  • Netflix House, USA
  • Lime Out St. Thomas, US Virgin Islands
  • Grand Egyptian Museum, Egypt
  • Art Zoo Museum, Netherlands
  • Aabbcc, India
  • Kai Tak Sports Park, Hong Kong (China)
  • Highway 1, USA
  • Maana Living, Japan
  • On Board Tasmanian Expedition Cruises, Australia
  • Tala, New Zealand
  • Dib Bangkok, Thailand
  • Ephedra Restaurant, Chile
  • House of Tan Yeok Nee, Singapore
  • DaiDib DaiDee, Thailand
  • Centre for Contemporary Arts Tashkent, Uzbekistan
  • Studio Museum in Harlem, USA
  • The Reefline, USA
  • Huajiang Grand Canyon Bridge, China
  • Maid of Somerset, England (United Kingdom)
  • Love Malmö, Sweden
  • Princeton University Art Museum, USA
  • Six Flags Qiddiya City, Saudi Arabia
  • Indianapolis Motor Speedway Museum, USA
  • PAZ, Faeroe Islands
  • Khao Yai Art Forest, Thailand
  • Rainforest Wild Asia, Singapore
  • Counterculture Museum, USA
  • Amura, South Africa
  • Fenix, Netherlands
  • Kaway’an EcoPark, Philippines
  • Universal Epic Universe, USA
  • Museo Casa Kahlo, Mexico
  • Ise-Jingu, Japan
  • Murujuga Cultural Landscape, Australia
  • Perso, Argentina
  • Zayed National Museum, UAE
  • The Frick Collection, USA
  • Naagan, Canada
  • Ratnange Trail Center, Nepal
  • Savvia, Mexico
  • Silolona Sojourns Si Datu Bua, Indonesia
  • El Camino de Costa Rica, Costa Rica
  • Art City, USA
  • Sydney Fish Market, Australia
  • Lawh Wa Qalam: M.F. Husain Museum, Qatar
  • Nariz del Diablo, Ecuador
  • SMK Thy, Denmark
  • Backyard Café, Guyana

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Gasoline prices near 2,000 won as tax cut debate grows

A driver refuels a vehicle at a gas station in Seoul on Saturday as global oil prices rise amid instability in the Middle East. According to the Korea National Oil Corporation’s Opinet system, the nationwide average gasoline price was 1,893.3 won ($1.41) per liter at 9 a.m., up 3.9 won from the previous day. Diesel averaged 1,915.4 won ($1.43) per liter, up 4.8 won. Photo by Asia Today

March 8 (Asia Today) — Gasoline prices in South Korea are approaching 2,000 won per liter as rising global oil prices linked to tensions in the Middle East push fuel costs higher, prompting debate over additional government tax cuts.

According to the oil price monitoring system operated by the Korea National Oil Corporation, the nationwide average gasoline price stood at 1,889.40 won ($1.41) per liter as of Friday.

In Seoul, the average price reached 1,941.71 won ($1.45) per liter, nearing the psychologically significant 2,000 won ($1.49) level and increasing pressure on consumers.

Fuel prices typically reflect international oil market changes with a delay of about two to three weeks. However, the recent sharp increase has raised expectations that the government may expand existing fuel tax reductions.

The government has already extended temporary tax cuts through the end of April. Gasoline currently benefits from a 7% fuel tax reduction, while diesel and liquefied petroleum gas butane receive 10% reductions.

Fuel taxes are one of the government’s most direct tools to ease inflation, as adjustments can quickly influence consumer prices.

South Korea previously expanded fuel tax cuts during earlier energy price surges. In 2022, when oil prices spiked following the Russia-Ukraine war, the government increased the reduction rate from about 30% to the legal maximum of 37%.

Officials are reportedly reviewing whether additional tax reductions are needed. Because fuel tax rates are set by enforcement decree, the government can implement changes relatively quickly after approval at a Cabinet meeting.

Bae Jun-young of the conservative People Power Party said fuel tax cuts should be expanded to provide meaningful relief for consumers.

“If tensions in the Middle East persist, the government should also consider raising the ceiling on the flexible fuel tax rate,” Bae said.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260309010002111

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America’s first ‘bullet train’ revealed as high-speed rail track promises to cut LA to San Francisco trip in half

AMERICA’S first bullet train which will slash travel time between Los Angeles and San Francisco has been revealed.

The highly anticipated rail project will make the trip just two hours and 40 minutes – compared to nearly six hours by car.

California High Speed Rail Authority has released renderings of its new high-speed bullet trainCredit: California High Speed Rail Authority
A rendering of the interior of one of the stations along the routeCredit: California High Speed Rail Authority
California High Speed Rail Authority has released a rendering of the proposed new Fresno stationCredit: California High Speed Rail Authority

Once completed, the bullet train scheme will provide speedy trips between the Bay Area and the Los Angeles region.

It will also connect the communities in between — Gilroy, Merced, Fresno, Bakersfield, Palmdale, and others — to the state’s largest job centers and innovation hub, said the California High Speed Rail Authority on February 28.

Many have been awaiting the project to be completed, as the past decade of construction has been focused on an initial segment in Central Valley.

There are five planned stations in the Central Valley: Bakersfield, Fresno, Merced, Madera and Kings/Tulare.

Newly-released renderings show the stations will feature plenty of modern twists, with spacious canopies and open concourses.

The stations’ architectural designs are set to incorporate natural materials like stone and wood.

If plans go according to schedule, the area could open as soon as 2032.

The Central Valley’s initial operating segment is expected to transition from civil construction to laying out tracks and installing systems later this year.

California’s ambitious but long delayed high-speed rail line is on track, say bossesCredit: California High Speed Rail Authority
If work proceeds as scheduled, the first phase could be operating in the Central Valley by 2032Credit: California High Speed Rail Authority
The project is designed to eventually shuttle riders across nearly 500 miles between San Francisco and Los AngelesCredit: California High Speed Rail Authority

But there has yet to be a confirmed project opened date for the route between San Francisco and Los Angeles due to delays in planning and funding.

The overall projected cost for Phase 1 delivery, between San Francisco and Los Angeles/Anaheim, dropped by $1.7 billion.

The High-Speed Rail Authority has just released its Draft 2026 Business Plan for public review and comment.

“The authority has entered a new era of construction: laying track across the Central Valley and electrifying the corridor,” the plan said.

“With the southern railhead in Kern County ready ahead of schedule, deliveries of steel, concrete ties, and ballast material can begin, and work can commence.

“The authority has set construction milestones for the 119-mile Central Valley segment and developed a procurement schedule to keep the project on pace for completion of the Merced – Bakersfield early operating segment in 2032.”

The project has created thousands of jobs, with rail bosses partnering with California colleges and universities to build a skilled local workforce, it added.

There is 119 miles of construction underway in the Central ValleyCredit: California High Speed Rail Authority
The California high-speed rail will deliver fast, reliable, zero-emission train service connecting the state’s major economic regions and the Central ValleyCredit: California High Speed Rail Authority

President Donald Trump has previously slammed the project as a “train to nowhere.”

“The Railroad we were promised still does not exist, and never will,” Trump warned on Truth Social last July.

“This project was Severely Overpriced, Overregulated, and NEVER DELIVERED.”

Democratic Gov. Gavin Newsom wants lawmakers to reauthorize the state’s cap-and-trade program through 2045.

He also wants to ensure that high-speed rail receives $1 billion a year from it.

Last December, California dropped a lawsuit officials filed against the Trump administration over the federal government’s withdrawing of $4 billion for the project.

The U.S. Transportation Department slashed funds for the bullet train.

Gov. Newsom slammed the federal government’s decision as “a political stunt to punish California.”

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Trump: ‘We’re going to cut off all trade with Spain’ | Donald Trump

NewsFeed

“We’re going to cut off all trade with Spain.” Donald Trump targeted Spain in an Oval Office tirade, complaining about Madrid’s refusal to let its bases be used for attacks on Iran. He also joined the German chancellor in saying Spain doesn’t spend enough on its military.

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Mizuho to cut 5,000 clerical jobs as AI rollout expands

A pedestrian walks past the corporate logo of Mizuho Financial Group Inc. displayed outside the headquarters of Mizuho Bank Ltd., its banking unit, in Tokyo, Japan. Photo by KIYOSHI OTA / EPA

Feb. 27 (Asia Today) — Mizuho Financial Group said it will reduce up to 5,000 clerical positions over the next decade as it accelerates the adoption of artificial intelligence across its operations, in a bid to improve profitability.

The Japanese megabank plans to shrink its nationwide administrative workforce of about 15,000 by as much as one-third through automation, organizational streamlining and natural attrition.

Under the plan, its core unit Mizuho Bank will deploy AI systems to handle document verification for account openings and fund transfers, as well as customer data registration. The bank aims to sharply reduce manual tasks such as document review and data entry.

An executive at the group said AI use could render “most clerical work unnecessary,” as automated systems take over scanning, analyzing and validating customer applications.

The AI platform will be designed to review document accuracy, ensure consistency in customer information and check compliance with regulations and internal rules – processes that previously required multiple staff members.

The bank said it will avoid direct layoffs and instead reassign affected employees to revenue-generating areas such as branch sales, corporate client analysis and operational support. The group will also expand reskilling programs to help workers transition into new roles. Staff reductions will rely on hiring freezes, retirements and voluntary departures.

Mizuho has already cut about 10,000 clerical jobs over the past decade through digitalization and expansion of online services. The latest plan signals a further shift away from back-office-heavy operations toward a leaner, AI-driven structure.

As part of an organizational overhaul set for April, the group will rename its “Administrative Group” to “Process Design Group,” reflecting a stronger emphasis on efficiency and digital process management.

The bank plans to invest up to 100 billion yen ($670 million) over three years from 2026 through 2028 to develop and implement AI systems. In addition to back-office automation, the investment will support the development of AI assistants for asset management. The tools are expected to analyze customers’ assets, risk profiles and cash flows to generate personalized investment and cash management proposals for retail and corporate clients.

Among Japan’s major megabanks, Mizuho is seen as the most aggressive in restructuring its clerical workforce around AI. Industry observers say the move could accelerate similar changes across the country’s financial sector.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260227010008338

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Nexstar lays off journalists at news stations nationwide, including at KTLA, causing an uproar

After Nexstar Media Group announced layoffs at KTLA-TV this week, some viewers have expressed shock and dismay over losing several longtime local broadcast journalists at the station.

The cuts included KTLA weatherman Mark Kriski, weathercaster Kacey Montoya, midday anchors Lu Parker and Glen Walker and reporter Ellina Abovian. The layoffs come as Nexstar attempts to cut costs and pursues a merger with rival media company Tegna.

Abovian, who was a general assignment reporter at the station, reflected on the layoffs on social media, saying in a video posted to Threads on Thursday that she was “blindsided,” and that the cuts were “part of corporate restructuring.”

“Corporate layoffs are a part of life and this is just the game of life. They’re impacting people across multiple industries right now, so I’m not the only one, and my situation certainly isn’t unique,” said Abovian, who worked at the station for more than a decade. “But it’s hard to process, considering how it happened.”

Some viewers and fellow journalists have also expressed their disappointment.

CNN anchor Elex Michaelson responded on X, writing, “Mark Kriski is an L.A. broadcasting icon. As a kid, the OG KTLA Morning News crew (Carlos, Barbara, Mark, Sam, Eric, Gayle, etc) inspired me to want to be a journalist. I have great respect for Glen, Lu, Kacey, and Elina as well … all great people … and talented broadcasters.”

Each of the laid-off journalists had been with the station for a number of years. Kriski had been with KTLA since 1991, and Walker sat at the station’s anchor desk since 2010. Parker joined KTLA in 2005.

KTLA morning news anchor Frank Buckley addressed the situation before continuing with the broadcast Thursday.

“As you probably know, we are extremely limited in what we can say,” Buckley said. “But if you are a regular viewer of this program and of this TV station, you also know that we are a family here. We consider you to be part of that family. And when family members experience tough times, we all feel it. So this is a difficult time for us. And we will go through it together.”

SAG-AFTRA, which represents the laid-off journalists, issued a release on Wednesday condemning the cuts. The guild disclosed that it is “actively bargaining with Nexstar stations in multiple markets.” It accused Nexstar of pushing “to gut severance pay and insert onerous provisions into the union contract that limit workers’ ability to freely negotiate the terms of their own employment.”

“By laying off journalists across the country, Nexstar is eroding the resources and talent that local communities rely on for trusted news,” said SAG-AFTRA’s President Sean Astin in the release. “These actions highlight the risks of media consolidation and underscore the urgent need for regulators and the company to prioritize the public interest and the professionals who serve it.”

Nexstar operates 201 stations in 116 local markets in the U.S., reaching 70% of American households. It is the largest TV station ownership group in the U.S. Tegna owns television stations in 51 U.S. markets. Following the pending $6.2-billion merger, the standing company will have 265 stations, representing 80% of U.S. TV households.

President Trump has expressed his support for the deal in a social media post earlier this month.

He wrote, “Letting Good Deals get done like Nexstar – Tegna will help knock out the Fake News because there will be more competition, and at a higher and more sophisticated level. Those that are opposed don’t fully understand how good the concept of this Deal is for them, but they will in the future.”

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