JEDI HoloNet

445.11 // Chancellor Claims Republic on Track to Economic Recovery

Indicators in the Galactic Stock Exchange are showing that despite passing the omnibus bill intended to shore up the Republic’s financial sector, the economy is descending into a firm downfall as the Republic’s GDP continues to recede. Projections indicate that the recession will not start to turn around until well into the first quarter of the next cycle.

Chancellor Rei continued to ask for patience from the people of the Republic while reassuring that the actions of the Senate have both already shown positive results and have also paved the way for further economic stimulus.

Following the passage of a comprehensive bill by our Senate, which was facilitated by Jedi mediators who assisted in formulating a response to our current predicament, while yet still working to afford the everyman their due, our Republic experienced a significant decrease in the intensity of the economic downturn. This was a stark contrast to the period when the D’Astan Legacy Bank declared bankruptcy.

The road to recovery is still long. We anticipate several months of economic hardship ahead. However, the initial stimulus package has proven effective, providing us with a roadmap for ongoing recovery from this unexpected threat to our economic stability. Without the Senate’s intervention, the economic fall would have been far more drastic, leaving us in a significantly different position than we are now.

Our Republic has weathered numerous crises in the past, emerging stronger each time. If the positive trends we’ve observed in recent rotations continue, we are well on our way to a rapid recovery. We will endure. Thank you.

Elsewhere in the last rotations since the collapse of the D’Astan Legacy Bank, unemployment has jumped up from a meager 3% to nearly 9% with projections for the final quarter ranging from 11-13%, the highest that rate has been at since the Vohai Civil War. Meanwhile, the Republic Senate has authorized an ambassador to be sent to an international conference for the Thanium Worlds sector on Leanna as local tensions in the sector rise with the specter of an ultranationalist faction on the planet Stenos maneuvering to take control of the Emperorship while the health of Emperor Hautrn continues to decline. Diplomat Senator Heron Bablon from the Dimean Sector said this outside the Senate Building,

Quan Regal: What is your stance on deploying an ambassador to a sector embroiled in an internal conflict, especially when the Republic’s economy is reeling from the severe impact of the D’Astan Sector’s bank collapse?

Senator Bablon: I am aware that my War Hawk party colleagues were adamant about sending this ambassador. The only reason we are dispatching anyone is because a self-appointed paramilitary group, acting as the Thanium Sector’s law enforcement, managed to persuade our Jedi allies to champion their cause to us. It seems imprudent to divert attention to a crisis that doesn’t concern us directly, especially when we are grappling with a significant surge in unemployment and a resurgent homelessness crisis domestically.

Quan Regal: Isn’t it accurate to say that part of this issue stems from the Republic Senate’s decision over the past century to lessen its surveillance of a quarantine around the planet Stenos, and the current crisis is a reaction to a perceived threat from that planet, which the Republic pledged to safeguard?

Senator Bablon: Our Republic is not the same government that made those agreements back in, say, 40ABY? The Yuuzhan Vong, the establishment of the Galactic Alliance, the succession war against the Commonwealth, the Imperium… Our government has undergone so many profound changes, both literally and figuratively, that it is unreasonable to expect us to uphold the commitments of an old Republic that has been assimilated and subsequently fragmented from larger multinational alliance networks and governments.

The Senate Ways and Means Committee has approved a one-time compensation for individuals who held personal savings accounts in the D’Astan Legacy Bank, up to a limit of 1.5 million credits. This measure is aimed at ensuring that families who may have lost their jobs due to the economic downturn still have access to funds until they can secure new employment. This is a significant step towards mitigating the financial impact of the crisis on ordinary citizens.

Reporting from Coruscant, this is Quan Regal of the Associated Presses.

444.07 // Bank Collapse on Axxila Prompts Economic Panic

At 0900 Galactic Standard Time, D’Astan Legacy Bank, a private banking company based out of Axxila and the largest bank on both the Ecumenopolis and sector at large, abruptly filed for bankruptcy and closed their doors. Holding over a trillion credits in loans, investments, and private deposits, beings from over a dozen sectors across the Galactic Northeast of Republic space have spiraled into an economic panic not seen since the stock market crash in 378 that prompted the onset of civil war on Vohai.

The bank’s CEO publicly cited that strains in the last cycles, caused by the Republic’s Embargo on worlds inside the Third Estate, were exacerbated by the Third Estate’s annexation of Pho Ph’eah, constricting trade along the Hydian Way to the Corporate Sector worlds dramatically. This instability has had major ripple effects through the private sector in the northeast of Republic space, destabilizing trade routes that have flowed unimpeded for centuries. Due to this, over the last cycle many corporations have had to default on loans through D’Astan Legacy Bank, leading to a dramatic deficit within the bank internally. Without enough liquidity to honor the value of credits inside the savings accounts of members, the bank was forced to close its doors.

This has caused a ripple effect through other banks and industries as investors into private corporations across the northeast have pulled out their capital, leading to other local and sector-wide banks to feel destabilized as stock values of these hundreds of industries across over a dozen sectors have plummeted including Thesme, Quelii, Sprizen, Belsmuth, and Corosi among others. In order to contain the spread of economic instability outside of the local regions, Chancellor Naka Rei’s administration has called the general Senate into an emergency meeting to expedite a swift response. He gave this declaration from the Chancellor’s desk as the Senate convened,

“We understand the anxiety that this crisis has caused not only for businesses but also for private citizens who are facing losing not only their life savings they had in D’Astan Legacy Bank, but also facing unemployment as businesses are forced to make difficult financial decisions to stay afloat while we look not to the days and months ahead, but simply the hours.

“I am calling the Senate into an emergency session to authorize a three rotation bank holiday, closing down the banks in the affected sectors to allow time for the situation to stabilize without threatening further bank closures. Additionally, I’m going to ask the Senate to institute a holiday for the Galactic Republic Stock Exchange for the next 3 rotations for the same reason.

“My administration, and the Senate at large, understand the desire of the people of the Republic to pull their finances out of the marketplace to ensure they keep their financial security. But, to preserve the economic security for the whole, and to protect the futures of countless of our fellow Republicans, we need to take control of this situation to ensure that this fraying situation does not tear a wider hole into our financial sectors. Thank you.”

As we report this, the Senate has voted to authorize both moves, freezing the entire Republic economy while the Senate deliberates how to address the crisis to allow banks, businesses, and the stock market to reopen next week in a place of stability rather than panic and chaos. The beings of the Republic’s northeast wait with baited breath as they wait to hear if they continue to have their money, or if their savings deposits and investments are lost forever.

Reporting from Coruscant, this is Quan Regal of the Associated Presses.

443.05 // The Mythical Melodies of the Hydroplains!

Time for a deep dive, metaphorically and literally.

Did we finally answer the fin-flapping mystery that has gripped the imaginations of citizens in the Hydroplains for eons!?

That’s right the elusive Melodies of the Hydroplains became the center of a sensational story by our intrepid investigators.

According to locals, the vast and sparkling Hydroplains, known for its pristine waters and lucrative Hydro exports, is also the secret home of the Melodie. These aquatic beauties are said to serenade workers with their enchanting voices, leading some to prosperity and others to a soggy doom. But how much truth lies beneath these rippling tales?

Armed with an underwater camera, sonar devices and our guide, a seasoned fisherman named Jorco Seaweed (yes, that’s his real name, we know, we know) who claims to have seen these creatures on more than one occasion.

“They’re out there, singing their hearts out, I swear on my second best fishing net!”- Jorco Seaweed

We traversed the aquatic expanse, our anticipation growing with every splash. However, instead of enchanting mermaids, we encountered schools of fish and a rather confused-looking squid.

Despite our high-tech gadgets and Jorco’s enthusiastic guidance, proof of the Melodie remained elusive.

So, are there Melodies in the Hydroplains? While our investigation may have given us more questions than answers and decidedly fewer mermaid selfies than hoped, the mystery at least remains captivating.

Although, at a time when the Jedi Order has taken residency on our planet, a few mermaids might not be so far-fetched.

443.01 // Historic Assembly Vote Paves Way for 24/7 Starport Operation

In a landmark decision the Assembly of Duneeden has voted in favor of allowing the Oronti City starport to operate 24 hours a day, passing the motion by 4 votes to 2.

The decision to extend the starport’s operational hours at Oronti City, nestled high in the Cascard Glens, is a strategic one. The move is expected to bolster Oronti’s reputation as a critical hub for commerce and transport, enhancing Duneedens role in the broader galactic economy and increasing trade capacity by 35%, marking a new era of potential economic growth for the planet.

The Assembly’s vote passed by simple majority, drawing support from Ward 1 (Ro’dyn), Ward 2 (Pelori Mountain Range), Ward 4 (Cascard Glens), and Ward 7 (Elenith Citadel). This coalition of yes votes underlines a shared vision of economic expansion and prosperity.

However, the decision was not without its detractors. Ward 5 (Zersiumfields) and Ward 6 (Hydroplanes) voted against citing concerns about the potential strain and pressure the increased capacity could place on their existing manufacturing infrastructure. Both wards generate a majority of the planets exports, Durasteel and Hydro respectively.

Ward 3 (Linal Forest) abstained. This abstention is consistent with the Dunedei stance of non-interference in matters outside the forest’s perimeter.

As the starport lights stay on all night, the planet takes a step closer to realizing its full potential as a key player in the galaxy, but can production keep up with demand.

435.11 // Corporate Conglomerates donate to top Republic Universities

Companies such as Czerka Enterprises, Lerrimore Contracting Company, and Corellian Engineering Corporation – in cooperation with the Bank of Aargau, have granted 50 million credits to the University of Coruscant, Corellia University, and Mrlsst Trade and Science Academy. This unrestricted donation is meant to bolster creativity and ingenuity in the respective school’s engineering and science departments.

This contribution has been met with wide acclaim by the public.

One student from the University of Coruscant – Jaq Roznex (20 M), majoring in engineering, is thrilled.

This is insane! My class and I will be able to finish our robotic project without my professor coin pinching. Never thought companies like Czerka or Lerrimore cared like that.

We were able to catch up to Republic Senator Menzyx Kallian, a rising star in the Senate, leader of the Centrist party, and former executive for the Bank of Aargau, on the Senate floor – and he had this to say on the matter:

I am proud of the ceaseless work the Bank of Aargau has done to finance the Republic. And it is my firm belief that we are approaching a precipice. Every day I see more homeless people, more violence, and not on Tatooine where you would expect such a thing, but on planets that were once the models of dignity like Coruscant and even Aargau, my home. Why? The people of this great Republic, of all classes and races, have been crushed by the weight of its… imperialistic overreaching. More conflict in our Outer Rim territories? What a surprise! We must instead focus on investing in the next generation of top minds. Without their innovations, their… forward-thinking, it will be impossible to improve our infrastructure. It is imperative that we raise the quality of life and make smarter use of our resources, or this… fractured Republic will shatter.

Research done by the Associated Presses Voter Study Group shows that Senator Kallian has had a significant uptick in the quarterly Senatorial polls since this interview. Time will tell if this really is just the nudge the Republic needs.

Reporting contributed by the Associated Presses.