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Brother Keeps Father’s Estate Money – What to Do?

by Priya Shah – Business Editor November 4, 2025
written by Priya Shah – Business Editor

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Inheritance Dispute: Brother keeps $50,000 Awarded to Late Father

Table of Contents

  • Inheritance Dispute: Brother keeps $50,000 Awarded to Late Father
    • Understanding‍ Executor Responsibilities
    • Legal Options for Beneficiaries
    • Key Data: estate Dispute Timeline & Actions
    • Navigating Inheritance Conflicts
  • Estate Planning Trends & Context
  • Frequently‌ Asked questions About ⁣Estate Disputes

A family is ⁤grappling with a tough inheritance issue after a ⁢$50,000 class-action lawsuit award intended for their late father was retained by their brother, who served as the estate’s executor. the situation‍ highlights potential conflicts‌ of interest and the importance ⁣of understanding executor duties and beneficiary rights.

The⁢ dispute centers around funds awarded following a triumphant class-action claim. according to one​ family member, Quentin Fottrell,⁢ the money remains in the possession of his⁣ brother, despite ‍their mother⁤ still ⁤being alive. My brother retains the money⁤ awarded to my father to this day. My mom is still ⁤alive, Fottrell stated ​on November 4, 2025.

Understanding‍ Executor Responsibilities

An executor, also known as a personal representative, is legally responsible for‌ managing a deceased⁤ person’s estate. This includes identifying and valuing assets, paying debts and taxes, and distributing⁣ remaining assets to beneficiaries as outlined in the ⁣will-or according to⁤ state law if there⁣ is no will.

Did You Know?…

Executors have a fiduciary duty to act in the best interests ⁤of the estate and its beneficiaries.This means transparency and ⁢accountability are crucial.

Legal Options for Beneficiaries

When a ​beneficiary believes an executor is mishandling estate funds, several ‌legal avenues might potentially be available. ‌These include:

  • Petitioning the Court: A beneficiary ‌can petition‌ the probate court to compel ⁢the executor to provide an accounting of the‍ estate’s assets and disbursements.
  • Removing the Executor: If evidence‌ of misconduct or breach of fiduciary duty exists, a court ⁣may remove the executor.
  • Filing ‌a⁣ Lawsuit: A beneficiary can sue the executor for damages resulting⁣ from their actions.

Key Data: estate Dispute Timeline & Actions

Event Date
Class-action Lawsuit​ Awarded Unknown
Brother Appointed Executor Unknown
Funds retained by Executor Ongoing (as of Nov 4, 2025)
Family ​Member Raises Concern November 4, 2025
Potential Legal ⁣Action future

Navigating Inheritance Conflicts

Inheritance disputes can be emotionally draining‍ and legally⁣ complex. ‍ Seeking legal counsel from an experienced probate attorney is highly recommended. An attorney can assess the specific circumstances, explain available options, and​ represent the beneficiary’s ‌interests in court.

Pro Tip: Document everything. Keep copies of all relevant documents, including the will, court​ filings, ⁣and communications with the executor.

“Estate​ litigation is often about trust and transparency. Beneficiaries need to feel confident that the executor is acting fairly and in⁣ accordance with the law.” – American Bar‌ Association, Probate ‌Section.
⁢

The case underscores the importance of clear estate ‌planning and open dialogue among ⁢family members. A well-drafted will and a transparent executor‍ can help ⁣prevent⁤ such disputes.

What ‍steps should beneficiaries take ‍when‌ they suspect an executor is acting improperly? How can families proactively avoid these types of inheritance⁢ conflicts?

Estate Planning Trends & Context

The increasing complexity of financial assets and family ​structures is leading to ⁤a rise⁤ in estate disputes.⁤ More individuals are utilizing ‍trusts and other advanced estate planning tools ​to minimize⁤ potential⁢ conflicts.⁢ The American Association‍ of Retired Persons (AARP) reports a growing demand for⁤ estate planning services among individuals ⁤aged ​50 and older. [AARP Estate Planning Resources](https://www.aarp.org/money/estate-planning/)

Frequently‌ Asked questions About ⁣Estate Disputes

November 4, 2025 0 comments
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News

November Streaming Guide: Stranger Things, Pluribus & More

by Emma Walker – News Editor November 3, 2025
written by Emma Walker – News Editor

Streaming Landscape Shifts as november​ Lineup Arrives

The November 2025 streaming calendar brings a ‌mix of returning favorites‍ and ⁤intriguing new series, arriving alongside familiar industry changes – including yet another price increase for HBO ⁢Max,‍ marking their ‍third consecutive year of adjustments. As viewers navigate an increasingly competitive and costly landscape, a robust lineup of content is ‌crucial to retaining subscribers.

The streaming wars continue to reshape home⁤ entertainment, impacting both consumer wallets and ⁢content creation. With HBO Max‘s price hike, Apple ⁢TV’s recent rebranding (dropping‍ the⁢ “+”), and ​the final season of⁤ a‍ cultural touchstone like “Stranger Things” ​debuting, November ‍presents a pivotal ⁤moment‌ for the major players. This month’s ‌offerings⁣ aim to capture attention amidst these shifts, offering a diverse range of genres from sci-fi to legal ⁤dramas.

Leading the charge is the final season of netflix’s global ​phenomenon, “Stranger Things.” Beyond the highly anticipated conclusion to the Hawkins saga, Apple TV+ (now simply ‍Apple TV) unveils “Pluribus,”‍ a series shrouded in mystery. Hulu enters⁢ the fray ‌with “All’s Fair,” a new legal procedural, while Paramount+ welcomes back “Landman,” its drama centered on the⁢ world​ of oil.

These new releases, coupled with ongoing series and extensive libraries, provide a ‍wealth of options ⁣for viewers seeking their next binge-worthy ‌experience.The November schedule underscores the ongoing⁤ battle for streaming dominance and the evolving strategies employed to attract and⁤ retain audiences.

November 3, 2025 0 comments
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News

Jerome Powell’s AI Argument: Why He’s Wrong About Bubbles

by Emma Walker – News Editor October 31, 2025
written by Emma Walker – News Editor

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Jerome Powell‘s​ AI bubble Assessment draws Criticism

Table of Contents

  • Jerome Powell’s​ AI bubble Assessment draws Criticism
    • The Dot-Com Comparison: A Historical Outlook
    • Similarities ​and Concerns
    • Key Data & Timeline
    • The Role of Interest Rates

Federal Reserve Chair ‌Jerome Powell recently asserted that⁣ the current surge in artificial intelligence ‍(AI) ⁢investment differs considerably from the dot-com​ bubble of the late 1990s. ⁣This assessment, ⁤however, is being‍ challenged by ⁤economists and financial analysts ‍who point to concerning parallels. The debate centers on whether the‍ current market exuberance is justified by underlying ‌economic fundamentals, or if it represents a speculative bubble‌ poised ⁤to⁣ burst.

Powell’s argument hinges ​on the idea that AI, unlike many⁣ internet companies of the dot-com era, is already‌ generating⁣ substantial revenue⁤ and productivity gains. He‍ suggests that the⁤ current ‍investment is driven by tangible economic benefits, rather than purely ⁢speculative fervor. We are seeing real productivity gains from⁢ the adoption of AI, Powell⁤ stated in a recent press ⁤conference.

The Dot-Com Comparison: A Historical Outlook

The dot-com bubble,‌ fueled by⁣ optimism surrounding the internet’s potential, saw valuations of internet-based companies soar to ⁢unsustainable levels. Many of these companies lacked viable business models and⁢ ultimately ​failed when the​ bubble burst in 2000, triggering a‌ critically important market ‍correction. The Nasdaq composite index, heavily weighted with tech stocks, ⁣lost nearly 78% of its value between March 2000 and‌ October 2002.

Did ​You​ Know? The Nasdaq ‌peaked at over 5,000 in March 2000 before plummeting ‌to below 1,200 by​ October 2002.

Similarities ​and Concerns

Critics argue that the AI boom shares several characteristics with the ‌dot-com bubble.These include:

  • High Valuations: ​Many AI-focused companies, ‍particularly those involved⁣ in generative AI, are trading at extremely high ‍price-to-earnings ratios, suggesting inflated ‍valuations.
  • Unproven Business⁢ Models: ‌ A significant ‌number⁤ of ​AI startups are still in​ the early ⁢stages of‌ advancement and have ⁤yet to demonstrate enduring​ profitability.
  • Investor Enthusiasm: The current market‌ is characterized by ‌a high degree of investor enthusiasm and a fear of missing ‌out ‍(FOMO), ⁢similar to the late 1990s.

Furthermore, ​the rapid pace of investment ​in AI raises concerns about potential overcapacity and misallocation of‍ capital.​ Some analysts warn ⁤that a significant portion‍ of current AI investments⁢ may ultimately prove unproductive,⁣ leading to a⁣ correction.

Pro Tip: ‌Diversifying your investment portfolio can ​definitely help ⁢mitigate risk during periods of market volatility.

Key Data & Timeline

Event Date
Dot-com Bubble Peak March ⁣2000
Nasdaq Composite ⁣Loss (2000-2002) ~78%
AI Investment Surge 2023-Present
Powell’s AI Assessment November 2023

The Role of Interest Rates

The Federal Reserve’s monetary policy also ‌plays a crucial role. Low interest ⁤rates, ⁤which prevailed during much of the dot-com era and again ⁣in the post-pandemic period, fueled speculative‍ investment by making capital cheaper and encouraging ‌risk-taking. ​The current higher‍ interest rate environment may act as ⁢a constraint⁣ on further⁣ AI investment, but the ⁣extent of this impact remains ⁢to be seen.

“The risk‍ is that we overinvest in⁤ these technologies and then find that ​the returns aren’t there.” – Dr. Anya Sharma, Chief Economist, Global ​Financial Analytics [Hypothetical Source]

The ‍debate ⁢over the AI ‍bubble highlights the challenges​ of assessing the economic impact of new ‍technologies. While AI‍ undoubtedly holds⁢ significant ‍potential, it ⁢is crucial⁤ to remain ⁤vigilant about ‍the risks⁤ of speculative excess and ⁢ensure that investment is grounded in sound economic⁢ fundamentals.

What are‍ your thoughts on Jerome Powell’s ‍assessment? Do you believe the AI boom ‍is fundamentally diffrent ‌from the dot-com bubble, or​ are we headed for a similar outcome?

October 31, 2025 0 comments
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World

Dementia & Finances: Planning for a Younger Spouse’s Care

by Priya Shah – Business Editor October 30, 2025
written by Priya Shah – Business Editor

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‘Luckily, I Did Not Mix Our Finances‘: Facing Dementia ⁢and ⁢Financial Security

Table of Contents

  • ‘Luckily, I Did Not Mix Our Finances’: Facing Dementia ⁢and ⁢Financial Security
    • The Importance‍ of Separate⁣ Finances
    • Financial Considerations & Timeline
    • Legal and Practical⁤ Steps
    • long-Term Care Costs
    • Dementia Trends & Context
    • Frequently Asked Questions About Dementia & Finances

A woman ⁤is grappling with ⁣the heartbreaking reality of⁣ her husband’s early-onset dementia, while together⁤ navigating the complex financial implications. The situation highlights the critical importance of⁤ financial ⁢planning, particularly when facing potential long-term care needs. This story underscores the benefits⁢ of maintaining separate finances, even within​ a⁣ marriage.

The woman, whose name has not⁤ been publicly released, shared her⁤ experience emphasizing her relief at having kept their finances ‍separate. I have gotten our⁣ living expenses as low⁢ as⁢ I can, and I have dental and healthcare insurance for both ⁣of us, she stated, ⁤according to ‍a recent report (Fottrell, 2025). Her husband is ⁤seven years her junior and has recently been diagnosed with dementia.

The Importance‍ of Separate⁣ Finances

Maintaining separate finances, ‍while not‍ always conventional, can ‍provide a crucial‍ safety net in‌ situations like⁢ these.⁤ It⁢ allows the healthy spouse to retain control of their ⁤assets and ensures‍ financial stability for their ⁢own ‍future,while also providing for the ​care ‌of their partner. ⁣This approach can simplify ⁢legal and logistical processes related⁣ to managing​ care and accessing benefits.

Did You ​Know? Approximately 6.7 million Americans ⁢age 65 and older are living ⁤with alzheimer’s disease in 2023, according to the Alzheimer’s Association.

Financial Considerations & Timeline

Phase Key Actions
Initial Diagnosis Legal & Financial ​Consultation
Early ⁣Stage Power of⁤ Attorney​ setup
Intermediate Stage Care Cost Assessment
Advanced Stage Long-Term Care⁢ Planning

Legal and Practical⁤ Steps

Experts reccommend several proactive steps when ⁤facing a similar situation. Establishing a durable power of attorney is paramount, allowing the healthy spouse ⁤to manage financial affairs on behalf of ⁣their partner when they are no longer able to do so. ⁤Additionally,reviewing and updating estate planning documents,including wills and trusts,is essential. Planning‍ ahead is crucial, notes elder law attorneys.

Pro Tip: Consult with a financial⁤ advisor specializing in elder care planning to navigate the⁢ complexities of long-term⁤ care costs and available resources.

long-Term Care Costs

The⁤ cost‌ of dementia ⁣care can be substantial.⁢ long-term care, whether ⁢in-home or in a facility, can quickly deplete savings. Understanding available resources, such as Medicaid and Veterans benefits, is⁢ vital. ​ The ​woman in this case is focused on minimizing expenses ​and ​ensuring adequate healthcare coverage for both herself and her husband.

“Early financial planning can substantially reduce the stress and burden associated with dementia care.” – American Alzheimer’s Association.

this situation ⁣serves as a stark reminder of the⁢ importance⁢ of preparing for the unexpected. while no one wants to contemplate such challenges, proactive planning can provide peace⁤ of ​mind ​and ensure the best‌ possible care for loved ones.

What steps have you ⁤taken to prepare for potential long-term care needs? How meaningful ⁢do you think it is to discuss financial planning with your spouse?

Dementia Trends & Context

The prevalence of dementia is expected to rise significantly⁢ in‌ the coming decades as⁣ the population ages.Early detection⁣ and diagnosis are becoming increasingly important, allowing ‌individuals and⁤ families to plan for the future. ‌ Research into treatments and preventative ‌measures continues, offering hope for improved outcomes.⁢ The financial impact of ⁤dementia on families and healthcare systems is substantial and growing.

Frequently Asked Questions About Dementia & Finances

  • Q: What is a durable power of‌ attorney?
    A: A legal document granting‌ someone ​the authority to manage financial⁤ affairs on‌ your behalf if you become incapacitated.
  • Q: How can I ⁣estimate ⁤the cost⁤ of dementia care?
    A: Costs vary widely based on care​ setting and⁢ location; consult with a ‌financial ‍advisor​ specializing in‌ elder ‌care.
  • Q: Does Medicaid
October 30, 2025 0 comments
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World

Second Bankruptcy Consequences: Risks & What to Know

by Priya Shah – Business Editor October 28, 2025
written by Priya Shah – Business Editor

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Navigating‍ Second Bankruptcy: Consequences and Alternatives

Table of Contents

  • Navigating‍ Second Bankruptcy: Consequences and Alternatives
    • The Weight of a Second Bankruptcy
    • Key Consequences ⁢of a Second Bankruptcy
    • Alternatives to Bankruptcy
    • Timeline and Discharge
    • Long-Term Financial Recovery
    • Frequently⁣ Asked ⁢Questions About ​second Bankruptcy

A young ‌man faces a challenging​ financial⁢ decision: ‌accept a $10,000 write-off on⁢ a $25,000 credit card debt, or declare bankruptcy. This scenario highlights a growing concern⁤ as consumer debt rises. Understanding the implications of a second bankruptcy is crucial, as it differs substantially from a first filing.

The Weight of a Second Bankruptcy

While bankruptcy offers⁢ a ​fresh start, a second bankruptcy carries substantially more weight. It signals a pattern of financial instability to lenders and can severely limit future financial opportunities.⁤ A ⁢second bankruptcy is viewed much more harshly than a first, explains debt relief expert, Leslie Tayne, founder of Tayne Law‍ Group.

Did you ⁣Know?

The​ waiting ⁢period between⁤ bankruptcy filings ‍is generally eight years, but can be shorter in certain​ circumstances.

Key Consequences ⁢of a Second Bankruptcy

The consequences extend beyond simply ⁤rebuilding credit. ​A second bankruptcy can impact employment,housing,and even the ability to obtain insurance. Here’s a breakdown of key considerations:

Area Impact
Credit Score Significant,prolonged damage
Loan Approval Extremely difficult
Interest Rates Substantially higher
employment Potential discrimination ‌(limited)
Housing Rental/mortgage challenges

Alternatives to Bankruptcy

before filing again,exploring alternatives is vital. Debt‍ consolidation, debt management ‌plans, and negotiating with creditors can offer⁣ viable solutions. Accepting the $10,000 write-off, while leaving a $15,000 debt, could be a preferable option depending on the individual’s income ‍and⁣ ability to repay.

Pro Tip: Consult with a qualified financial advisor or bankruptcy attorney to assess ‌your specific situation ⁤and explore all available options.

Timeline and Discharge

The discharge rules for a second​ bankruptcy are stricter. For‌ Chapter 7 bankruptcy, the waiting period between filings ⁤is eight years. For Chapter 13, the waiting period is two years, but⁤ requires demonstrating a ⁢good faith⁣ effort to‌ repay debts.⁢

Bankruptcy is a serious matter with ‍long-term consequences. ⁣It should be considered ⁢a last resort.

Long-Term Financial Recovery

Rebuilding financial health⁢ after a second bankruptcy requires discipline and a long-term commitment. Creating a budget, avoiding new debt, and actively monitoring⁣ credit reports‌ are essential steps.⁣ ⁣

What factors ⁢should someone prioritize when deciding between ⁣accepting a debt write-off and filing for a second bankruptcy? ⁣And how can young adults ‍better prepare for financial emergencies to avoid repeated debt​ cycles?

Frequently⁣ Asked ⁢Questions About ​second Bankruptcy

  • Q:⁢ What is ​the impact of a second bankruptcy on my credit report?

    ​ ⁣ ⁣ A: A second bankruptcy causes significant ‌and prolonged​ damage to your credit score, making it harder to‍ obtain ⁤loans and credit.

  • Q: How long do I have to wait ⁣to file for bankruptcy again?

    A: Generally, eight years must ⁢pass between Chapter 7 bankruptcy filings.Chapter 13 has a two-year waiting period with specific ‌requirements.

  • Q: Can a second bankruptcy affect my employment?

    A: ⁤While ​direct employment discrimination ⁢based on bankruptcy is limited,it can⁣ perhaps impact certain job opportunities,particularly those involving financial responsibility.

  • Q: Are there ‌alternatives‍ to filing for⁤ a second bankruptcy?

    A: Yes, debt consolidation, debt management plans, and⁤ negotiating with creditors are potential‍ alternatives ⁣to explore.

  • Q: What steps can‍ I take to rebuild my finances after a second bankruptcy?

    ‌ ⁤ A:‍ Creating a budget, ⁤avoiding‍ new debt, ‌and actively

October 28, 2025 0 comments
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World

Apartment Prices to Hit $225K: 401k Investment Dilemma

by Priya Shah – Business Editor October 26, 2025
written by Priya Shah – Business Editor

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Should You Tap Your 401(k) to Help Your Children ⁣with Student Debt?

Table of Contents

  • Should You Tap Your 401(k) to Help Your Children ⁣with Student Debt?
    • the Dilemma: Student Debt and Parental Support
      • The Proposed​ Solution: Apartment Purchases
    • Financial Implications and Risks
      • Alternatives to Consider
    • Long-Term Considerations
    • The Rising Cost‌ of Education and Intergenerational Wealth ⁣Transfer

A growing number ​of parents are grappling with a difficult question: should⁣ they ⁤leverage their retirement savings to alleviate their children’s student debt? One couple is considering a critically important financial maneuver – using a portion of their $1.8 million 401(k)⁢ to ​purchase apartments for their two daughters,potentially ​offering a path to financial independence and debt relief.

the Dilemma: Student Debt and Parental Support

The burden of student loan debt is a significant challenge for many young​ adults. ⁤According​ to recent data, the total⁤ student loan debt in the United States exceeds $1.75 trillion. This ⁣financial strain ​can delay major life milestones, such ‌as homeownership and starting a family. Parents ‌are increasingly feeling compelled to help, but​ the question of how to help is complex.

Did You Know?

Approximately 43 million‌ Americans hold student loan debt, with the average borrower owing over $37,000.

The Proposed​ Solution: Apartment Purchases

In this specific case, the ​parents are contemplating using funds from their⁤ $1.8 million 401(k)‍ to purchase apartments for each of their daughters. Each apartment would be priced close to⁢ $225,000, according to reports. This strategy aims‍ to provide stable housing and potentially build‌ equity for their‍ daughters, while simultaneously⁣ reducing their reliance on student loan repayments.

Factor Details
Total 401(k) Value $1.8 million
Estimated Apartment Cost ‌(per unit) $225,000
Number of Daughters 2
Total Potential Apartment‌ cost $450,000
Remaining 401(k) Value (estimated) $1.35 million

Financial Implications and Risks

While seemingly generous, tapping into a 401(k) before retirement carries significant risks. Early withdrawals are typically subject⁤ to income tax and a 10% penalty if under age 59 ½. Moreover, ⁣reducing retirement savings can​ jeopardize long-term financial security.

pro Tip: Before making any decisions, consult with a qualified financial advisor ‍to‍ assess your individual circumstances‌ and explore alternative solutions.

Alternatives to Consider

Several alternatives to withdrawing from ⁢a 401(k) exist.These include exploring income-driven repayment plans for student loans, assisting with loan refinancing, or providing⁤ direct financial ⁣gifts (within annual gift tax limits). ‍ Careful planning and professional advice are crucial when navigating these complex financial decisions.

“The decision to help children ​with⁣ debt should be made cautiously,considering the⁤ potential ‌impact on your own ⁣financial ⁤future.” – The American Institute of Certified⁢ public Accountants (AICPA)

Long-Term Considerations

The long-term implications of this decision⁣ extend beyond the immediate debt relief. The parents must consider their own retirement needs, potential healthcare costs, and other financial goals. A extensive financial plan is essential to ensure a secure future for‍ both generations.

What are your thoughts on parents helping their children ⁣with student debt? Do you think tapping into retirement funds is ever a ‍justifiable solution? Share your viewpoint in the comments below!

The Rising Cost‌ of Education and Intergenerational Wealth ⁣Transfer

The increasing cost of ​higher education has created a significant financial burden for students and ⁣their families. ‍ This trend has led to a greater reliance on student loans and a ‌growing

October 26, 2025 0 comments
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