The consequences extend beyond accounting. As interest costs swell, they crowd out virtually every other national priority. The CRFB projects that rising interest costs will account for 28% of all nominal spending growth over the next decade and 120% of all spending growth as a share of GDP, meaning other programs will effectively shrink in relative terms just to make room.
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Some beaches in areas of New Caledonia are closed to swimming and the authorities have begun shark culling off the capital, Nouméa, after a fatal attack in the popular tourist spot – prompting a legal challenge to stop the operation and reigniting debate over public safety and marine conservation.
Lending their time — and retinal data — to the project, the team is implementing their own Eyes on AI recommendations to keep their work protected, including deferring to encrypted messaging platforms, sweeping their information from data brokers, and paying careful attention to how they move through public spaces.