What news stories have been grabbing headlines? From the horrifying shooting in Virginia, USA, to the declining Chinese stock market, here are the top 5 news stories of the week.
Virginia TV Station Shooting
On Wednesday morning two news reporters along with a camera man were shot dead while reporting the daily morning news story. The crew was filming a segment about the 50th Anniversary of a local man-made lake, and were interviewing an employee from the chamber of commerce. The interviewee was also shot, but is said to be in stable condition. The gunman is believed to be 41 year-old Vester Lee Flanagan II, who was an employee at the WDBJ station before being terminated for inappropriate behavior. Before his killing spree Flanagan sent a 22 page suicide note to ABC studios in New York, which blamed discriminating and the shooting at the church in Charleston as motives for the attack.
China’s Stock Market Face Collapse
For the past 5 days the Chinese stock market has already lost 23% of its value. This is the fastest and most severe collapse in the past 20 years, leaving investors and government officials feeling helpless. Many are attributing current crash to the fact that many of the investors in the Chinese market are “retail investors”, meaning regular middle-class citizens who decided to open a stock account rather than a trained investor. The trend for retail investors is to invest in companies they know, and to sell when they hear others are selling, rather than do proper research. Which is why we saw such a dramatic decline.
Record Breaking Number of Migrants Enter Hungary
So far this year alone Hungary has registered over 130,000 asylum seeking requests, which is three times as many requests that were filed in all of 2014. The government announced that on Tuesday of this week, border police detained 2,533 after they crossed the Hungarian border illegally. Hungary’s government is now looking into efforts to stop migrants from entering its borders, like deploying the army at the border. They are organizing a division called the “border hunters”, and they are in the process of building a razor-wire fence along the Serbian border.
Donald Trump is Still Being Donald Trump
In the latest saga that is Donald Trump’s 2016 Presidential Campaign, we saw Trump get into a heated argument with Univision reporter, Jorge Ramos, at a press conference. Ramos asked question about immigration, without being called on, which lead to him being escorted out of the room by Trump’s body guards. Univision, the company Ramos reports for, is one of the most influential Spanish-language media outlets in the US, and considering Trump’s recent statements about Hispanics it is understandable why there is bad blood between the two. Many believe this will cost Trump further support from Hispanic voters.
Hurricane Katrina 10 Year Anniversary
It’s been 10 years since Hurricane Katrina the southern coast of the U.S. The massive hurricane struck on August 29th, 2005 and left four fifth of New Orleans completely submerged underwater. Many criticized the lack of government preparation and ability to immediately help those who were stranded from the storm. 10 years later, it is interesting to see how New Orleans and other communities are rebuilding themselves.
