JEDI HoloNet

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.

433.20 // Torque Files Suit Against Industrial Automation

Planetary Counsel for Torque, regarded as the highest elected law enforcement official on the world, recently filed suit against DE-series droid manufacturer Industrial Automation in the Courts. This move comes after the world was afflicted by a catastrophic failure of the aforementioned droid series that was under recall at the time.

The initial hearing of the case was held at the Galactic Courts of Justice building on Coruscant in a closed session, so the exact particulars of the suit will not be known until a later date. However, our investigative reporters have uncovered two clues suggest the suit is not related directly to the incident, but rather statements made by Industrial Automation employees leading up to the tragedy.

A discarded draft of the initial filings reveal that the Galactic News Network was also named in the suit. However, the final filing was amended to remove them from the list of involved parties. Secondly, a leaked excerpt from Industrial Automation’s motion to dismiss indicates their defense theory is the detailed statements were to “stress the dangers to our clients and dissuade them from delaying to engage with the recall process.”

These two items hint that the government of Torque is claiming the attack on their world would not have occurred if the droid manufacturer had not released the following statement to the HoloNews:

“One of our Lead Engineers found a potentially dangerous subroutine error that, if triggered, could cause a catastrophic meltdown in the unit. It’s highly unlikely, and we have no reports of the bug causing any damage, but we don’t want to trust that this error won’t cause serious troubles down the line. Effects could include a dangerous detonation of the unit, as well as even EMP bursts that could wipe out on-board electronics including life-support systems on freighters.”

We have reached out to both parties in the suit. Both sides have declined to comment, citing the on-going nature of the case.