US Senate passes Trump’s ‘One Big Beautiful Bill,’ sending it to the House | Global news review!
Here is what you need to know about this week's Global news review and how it affects you and your business + a lot of goodies for you!
Global News: US Senate passes Trump’s ‘One Big Beautiful Bill,’ sending it to the House
The United States Senate has passed a sweeping tax bill championed by President Donald Trump, sending the controversial legislation to the House of Representatives for what could be a final vote.
Our thoughts:
One Big Beautiful Bill” or One Big Broke Move? 😅
This week, Donald Trump’s famously hyped-up “One Big Beautiful Bill” finally passed the Senate. And yes, it’s just as dramatic as the name suggests.
So, what’s in Uncle D’s Big Pot?
If you’re already rich, own multiple homes, or have a family accountant named Stewart… congratulations. You’re very alright!
The bill extends 2017 (Trump-era the first) tax cuts, giving high-income households and corporations a fresh round of financial massages. There’s even a temporary boost in tax breaks if your property taxes are fancy enough.
Middle-income families with kids? You get a small win with an increased Child Tax Credit. And if you earn tips or overtime, some of that may now be tax-free. (Service workers, rise and shine. 🙌🏾)
But if you're low-income, rely on Medicaid or food stamps, or you're just trying to make ends meet? The bill basically tells you to _tighten your belt_—then cuts the belt in half. Funding for Medicaid and food support has been slashed, while border security funding went up. Priorities, amirite?
Oh, and clean energy? Gone with the wind. Several tax incentives for clean energy and electric vehicles were wiped out. Leveling the playing field or wrecking the planet? Depends on who you ask.
But here’s the real kicker—drumroll—the debt ceiling has been raised to $5 trillion.
What’s that, you ask?
Ever heard of a U.S. government shutdown on the news? That’s when the government runs out of money to pay salaries, run departments, and generally keep the lights on. It happens when they hit their "debt ceiling"—the legal limit on how much they can borrow—and Congress needs to approve an increase.
The whole thing is meant to enforce financial discipline, but every time an increase is requested, it turns into a political tug-of-war. Think of it like borrowing to throw a party where only your rich cousins get jollof—then asking your broke cousin (Congress) to clean up the mess. 😅
Raising the ceiling now gives Mr. Trump room to play without having to beg Congress for more funds in the near future. Tactical move? Absolutely. Fair? Debatable.
So, what now?
The bill encourages working and earning and gives freebies in line with how much money you make- which is not entirely bad! But for over 11 million Americans expected to be impacted by the healthcare cuts—sigh.
For corporations, high-net-worth folks, and real estate owners—it’s celebration season.
For the rest? It’s a fresh reminder that when policies shift, the floor gets uneven. Strive to be on the right side of policies!
Nigerian News: FG launches $40 million Blueprint ICT project to digitise 10 Nigerian universities!
The Federal Government of Nigeria has launched a $40 million initiative, the Blueprint ICT Development (Blueprint-ICT-Dev) Project, to transform the country’s tertiary education system through digital infrastructure and innovation.
During the launch in Abuja on Tuesday, the Minister of Education, Dr. Tunji Alausa, said the project would be implemented across 10 federal universities nationwide.
Our thoughts:
On paper this sounds like the beginning of the future. The project targets 10 federal universities across different geopolitical zones, with an additional $2 million earmarked for STEM strategy.
If it works, students could finally access proper e-learning platforms, lecturers could manage academic records without queueing behind dusty filing cabinets, and universities might actually start competing at a global level. It’s the kind of thing we’ve long dreamed of in higher education.
Digitisation is truly not optional anymore.
Our young people need to be equipped with tools that make them globally competitive.
And in a time when AI, blockchain, and remote work are rewriting career paths, upgrading our education system is not just smart—it’s urgent.
But dreams in Nigeria often have a long layover in reality.
Smart campuses are not just about software and devices. For it to succeed, we need real investment in training, local IT support teams in each school, reliable power and internet access, ongoing software maintenance, and a system of transparency and feedback.
We need follow-through, not just fanfare.
If any one of those fails, the whole system is like a sleek car with no fuel—or worse, no engine.
African News: Namibia exports first consignment of salt under AfCFTA
Namibia has long relied on the Southern African Customs Union (SACU) and the Southern African Development Community (SADC) for most of its regional trade.
But with this salt shipment to Nigeria, it's stepping onto a continental stage with the African Continental Free Trade Area (AfCFTA) — unlocking access to markets across West, Central, and North Africa.
Our thoughts:
But wait… doesn’t Nigeria have salt?
Yes, it does — and plenty of it. Local giants like Dangote Salt and Royal Salt dominate Nigeria’s salt production, especially in coastal and brine-rich areas. So why import?
Namibia’s Walvis Bay salt is known for its exceptional purity, making it perfect for industrial and chemical applications like Manufacturing, Pharmaceuticals and Water treatment
So no, it’s not just for cooking stew. (Una too like food 😄)
To be honest, This isn’t just about salt; it’s a proof of concept for what’s possible when African countries trade with each other under AfCFTA with no hefty tariffs, simplified logistics and faster customs clearance
Before now, it was often cheaper to import from Asia or Europe than from another African country, because of red tape and trade barriers. AfCFTA is flipping that script.
Nigeria importing salt from Namibia isn’t a sign of weakness; it’s a sign of economic maturity. Even resource-rich nations can benefit from strategic sourcing. It’s about complementing, not competing.
To scale this success, more Namibian (and African) firms must align with continental market standards, scale up production and supply chains and harmonize banking and logistics across borders
This isn’t just a story about salt.
It’s a signal that African economies are growing up — choosing collaboration over isolation, and showing the world that regional trade is no longer just talk.
Salt is just the beginning.
What are we reading in July?
This month we're diving into Tony Robbins' Unshakeable, a no-nonsense guide to building wealth without getting crushed by market volatility.
Robbins interviewed 50+ of the world's most successful investors to decode what actually works—and what doesn't.
Our first nugget gets straight to the heart of why most people struggle with money:
The 80/20 Rule of Success "80% of success is psychology, and 20% is mechanics."
Robbins shows that your investment returns depend far more on controlling your emotions than picking perfect stocks. The math is simple: it's the mental game that's hard.
Before you research the next hot investment strategy, ask yourself, am I working on the 80% (my mindset) or just tinkering with the 20% (tactics)?
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