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Elephants exhibit complex social intelligence and empathy
โI'm kind of in shock. I wanted to feed Mundy and Tara close together. And so I fed Tara over here. She picked up her food and brought it right over to the fence line here so she could be eating with Mundy. So you tell me what that means. I think that is really good.โ
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Internal rebellion destabilized Kevin McCarthy's speakership
โThe dominant political story of the year has been the 270-day-long speakership of Representative Kevin McCarthy, whose slim majority in the House of Representatives has enabled a far-right rebellion to exert more weight over the lower chamber. The battle between the rebellious Freedom Caucus and McCarthy has been at the heart of an averted debt ceiling crisis and the annual budget debate nearly devolving into a government shutdown.โ
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Regional banking failures triggered global economic anxiety
โ2023 also saw the roots of a global banking crisis arise out of four American regional banks, the two largest being Silicon Valley Bank and First Republic Bank. These developments occurred alongside a moderation of the 2021 inflation surge, while the Federal Reserve continued to raise its interest rates in the first half of the year.โ
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Major labor strikes reshaped the American economy
โThe rise of artificial intelligence and large language models dominated not only the economy but has also been at the root of a Hollywood double strike conducted by Writers Guild of America and a SAG APTRA strike. These were part of a larger phenomenon of labor strikes across the country, in which such large diverse groups, such as Teamsters and Auto Workers won new contracts.โ
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Federal Reserve aggressively hiked rates against inflation
โ2021's inflation surge moderated in 2023, while the Federal Reserve continued to raise its interest rates in the first half of the year. On February 1, the Federal Reserve raises interest rates by 0.25% from 4.5% to 4.75% as part of the ongoing effort to manage the economy.โ

