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NEWS - SUNDAY, JULY 05, 2026 - NEWS
After observing the tests from shore, Kim ordered officials to complete the destroyer’s trials and place the vessel in active duty within two months. New York Post
VOA VIEW: Un is a trouble maker.
As workers around the world worry about being replaced by artificial intelligence, two recent studies have shown how humanity's competition and collaboration with bots in the office are evolving. LA Times
The Brooklyn Bridge partially caught fire during the July 4 fireworks display in New York City. New York Post

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“Athens to Venice” voyage organized by Los Angeles-based Atlantis Events was scheduled to stop in the western Turkish port of Kuşadası. New York Post
VOA VIEW: They have their rights.
Thousands of people stood in security lines for hours in severe heat to reach the National Mall, only to be ordered to leave as events were set to start. Some refused. New York Times
Gavin Newsom and Wes Moore, potential 2028 contenders, cast President Trump’s record as a betrayal of American ideals, while the president disparaged their party as extreme. New York Times
VOA VIEW: It worked out late and nice,
As days of public mourning ceremonies began, Iranians viewed the casket of Ayatollah Ali Khamenei, who was killed at the start of the U.S.-Israeli attacks. New York Times
VOA VIEW: No big deal - the conflict will not end..
This term, Justice Alito delivered major wins for conservatives on voting rights, immigration and guns. He’s given no indication that he’s ready to step down. New York Times
VOA VIEW: Good!
President Donald Trump is expected to depart from the White House soon to deliver what he teased would be a long speech at the National Mall’s Great American State Fair “Salute To America" Celebration, marking 250 years since the signing of the Declaration of Independence. OANN

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Record-breaking heat has threatened celebrations in Washington, D.C., as America marks the 250th anniversary of its Declaration of Independence. OANN
Several world leaders have wished the United States a happy birthday on its 250th anniversary of independence. OANN
VOA VIEW: As they should'
A fleet of tall ships from around the world joined together near the shores of New York and New Jersey for the biggest Fourth of July celebration in New York City history, marking the 250th anniversary of American independence. OANN
President Donald Trump gave a half-hour address beneath the faces of four of his predecessors at Mount Rushmore OANN

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Donna Festinger wasn't going to let Massachusetts, one of the most influential colonies during the nation's founding, pass on a chance to showcase its best self during the Great American State Fair on the National Mall. Washington Times
VOA VIEW: To hell with the governor.
Former House Speaker Nancy Pelosi's husband was involved in a hit and run on Friday in California's wine country that left one car with "major damage," according to local authorities, who said that the 86-year-old could face misdemeanor charges for the collision. Washington Times
The champion reigned supreme as Joey Chestnut staved off a horde of hungry challengers at the annual Nathan's Famous International Hot Dog Eating Contest on New York's Coney Island. Washington Times

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A three-armed spacecraft rocketed into orbit Friday to rescue a NASA telescope that's in danger of crashing back to Earth. Washington Times
Americans are celebrating 250 years of independence this Fourth of July with events including the largest fireworks display in history. CBS
Washington, D.C., and Philadelphia have called off some celebratory events amid searing heat. Intense storms in the Midwest and a shark sighting in New York also disrupted holiday activities. Lana Zak reports. CBS
VOA VIEW: Very hot weekend.
Treasury Secretary Scott Bessent spoke exclusively with Kelly O'Grady about inflation, gas prices and Trump Accounts, which are now available. CBS
When the sun goes down on Independence Day, the skies of Washington, D.C., are expected to fill with a record-setting 850,000 individual fireworks for a 40-minute spectacle like no one has seen before. CBS
VOA VIEW: A very big fireworks show.

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The president kicked off America's 250th anniversary celebrations with a speech at Mount Rushmore where he warned of a resurgence in communism. CBS
VOA VIEW: Trump is right.
These six presidential speeches are some that have most reverberated through the ages, and whose impacts are still felt today. CBS
As Americans endure another bout of extreme heat, experts say small thermostat adjustments and other energy-saving steps can help reduce soaring cooling costs. CBS

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Saturday's Fourth of July celebration on the National Mall is the first tagged as a "national special security event," meaning a law enforcement presence akin to a Super Bowl or an inauguration. Nicole Sganga has more. CBS
The SpaceX stock purchases come as Elon Musk’s company deepens its role in federal contracting and remains closely tied to President Donald Trump’s Washington. CNBC
Iran plans a six-day funeral for Ayatollah Ali Khamenei, with ceremonies across Iran and Iraq before burial in Mashhad. CNBC
VOA VIEW: A waist!
France said it has deployed mine countermeasures to the Middle East, including two mine-hunting ships. CNBC
VOA VIEW: No deal for any country to control.
Macron and Modi are courting tech CEOs as France and India seek AI data center investment and cloud infrastructure. CNBC
Oman is using strategic ambiguity as talks over possible Strait of Hormuz fees raise legal, diplomatic and oil market concerns. CNBC
VOA VIEW: No fees.
Credit card companies are increasingly offering access to lounges and perks at festivals and sporting events, often exclusively for premium cardholders. CNBC
On July 4, 1776, the Continental Congress adopted the Declaration of Independence, proclaiming U.S. independence from Britain. UPI
The Justice Department on Friday called on states to investigate whether businesses and individuals are artificially inflating gas prices. UPI
VOA VIEW: As they should.
The Great American State Fair was temporarily shut down Friday due to extreme heat as temperatures in Washington, D.C., reached 100 degrees. UPI
New York City Mayor Zohran Mamdani praised acts of "righteous dissent" in a televised address marking the Unites States' 250th anniversary. UPI
VOA VIEW: Mamdani is a dangerous communist.
The Louisiana Supreme Court granted a stay on state Attorney General Liz Murrill's indictment, less than 24 hours after a grand jury approved charges. UPI

VOA VIEW -- Is the opinion of "Voice of Americans", which is a private entity not affiliated in any way with the United States government or any of its agencies. The opinions expressed here, in whatever medium or format, are not necessarily the opinions of the ownership or advertisers of this web site - 0415.


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COMMENTARY OF THE DAY
By
Robert Namer
Voice Of America
©2018 All rights reserved
July 06, 2026

     Americans' understanding of basic financial concepts has fallen to a 10-year low, raising concerns that households are becoming less prepared to manage debt, savings and retirement decisions, according to a new study from investment giant TIAA and Stanford University's Global Financial Literacy Excellence Center. 

     In 2025, U.S. adults correctly answered only 47% of the 28 questions used to assess financial literacy, down from a high of 52% in 2020 and the lowest score in the decade since the survey began. The decline was driven by a growing share of Americans with very low financial literacy, which has jumped to 25% this year from 20% a decade ago, the study found.  Pitiful.

     The findings are troubling because low financial literacy is linked with worse outcomes, such as carrying higher levels of debt, Surya Kolluri, the head of TIAA Institute, told CBS News. The survey didn't examine why scores declined, but he said possible factors include misleading financial informThe findings are troubling because low financial literacy is linked with worse outcomes, such as carrying higher levels of debt, Surya Kolluri, the head of TIAA Institute, told CBS News. The survey didn't examine why scores declined, but he said possible factors include misleading financial information on social media, weaker overall literacy and the financial strains many households already face.

     "Those with lower levels of financial literacy are four times more likely to have trouble making ends meet," Kolluri said. Women and younger adults scored lower than other groups. Women answered 44% of the questions correctly, compared with 50% for men. Gen Z adults, ages 18 to 29, had the lowest score of any generation, at 38%, while baby boomers had the highest, at 54%.

     The generation gap is partly due to Gen Z's age, as many aren't likely to be well-versed in the retirement topics addressed in the survey. But Kolluri also suspects it could be due to financial pressures on young people, such as high student debt and a sense that buying a home mayation on social media, weaker overall literacy and the financial strains.