German Federal Elections and Possible Return of Conscription

The outcome of the German Federal elections this week may lead to the reintroduction of conscription in Germany due to a shortage of soldiers. Political parties across the spectrum are showing support for some form of mandatory military service.

National Defense Authorization Act (NDAA) 2024

The House is set to vote on the National Defense Authorization Act, which includes a 1% increase in defense budget, a 14.5% pay raise for junior enlisted troops, and efforts to eliminate DEI programs at the Pentagon.

Chinese Premier announces economic measures

Chinese Premier Li Qiang announced measures to boost the economy, including fiscal austerity and 5% economic growth target. China aims to create 12 million new urban jobs and relax restrictions on foreign investment. The defense budget will increase by 7.2%.

Chinese Government's Legislative Sessions

The Chinese government plans to increase its defense budget by 7.2%, causing concern among other countries in the Asia-Pacific region. Job-related proposals and economic growth targets are also discussed at the legislative sessions.