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At least two major dams in North Carolina were at risk or in the process of failing on Friday, forcing evacuations after Hurricane Helene inundated the region. Officials in South Carolina have been warned that a failure could even impact towns there, according to the North Carolina Department of Environmental Quality. “RESIDENTS BELOW THE LAKE LURE DAM NEED TO EVACUATE TO HIGHER GROUND IMMEDIATELY! Lake Lure in North Carolina as seen from Chimney Rock National Park. It also received $16.5 million for the project in 2022 from the state of North Carolina.
Persons: Helene, Rob Mathis, , ” Mathis, Kristin Coulter, Mathis, ” Coulter, Olivia Stewman, ” Stewman, Hurricane Helene, Jared Klein, ” Klein Organizations: Tennessee Emergency Management Agency, Duke Energy, Tennessee Emergency Management, , ” United States Geological, North Carolina Department of Environmental, Emergency Management, Facebook, National Weather Service, Federal Emergency Management Agency, Association of, Officials, NBC News Locations: North Carolina, Tennessee, Cocke County, Waterville, Newport , Tennessee, Newport, , South Carolina, Rutherford, Asheville, Lake Lure, Lure, Southern Appalachia, Hurricane, Lake, U.S, Nebraska
U.S. officials have privately said that Trump's campaign was the victim of the attack. Former President Donald Trump at a campaign rally on Sept. 24, 2024, in Savannah, Ga. Brandon Bell / Getty ImagesUnsolicited emails that included the stolen material from Trump’s campaign were then sent to associates of his Democratic political rival. The hack against the Trump campaign is just the latest example of an increasingly brazen approach by Iran that includes alleged murder plots against dissidents and defectors on American soil and an assassination threat against former President Trump, U.S. officials and analysts say. For more than two months, hackers who stole the documents have tried to persuade the American media to write about or publish the files they stole. “I’m just not a believer of the news media as an arm of the government, doing its work combating foreign influence.
Persons: Donald Trump, Brandon Bell, Masoud Jalili, Seyyed Ali Aghamiri, Roger Stone, , Joe Biden’s, Trump, Matthew Olsen, Olsen, , Sen, JD Vance, Ken Klippenstein, ” Klippenstein, “ I’m, General Merrick Garland, Kent Nishimura, Robert, , Robert persona’s, Konstantin Kalashnikov, Elena Afanasyeva, Tenet Organizations: Islamic Revolutionary Guard Corps, Getty, Democratic, CIA, Defense Department, United Nations, FBI, National Intelligence, Infrastructure Security Agency, Justice Department, NBC News, department’s National Security Division, Trump, Beijing, U.S, NBC, Department of Justice, Justice, YouTube, RT, Tenet Media Locations: Washington, Savannah , Ga, Iran, Fars, U.S, Russia, China, American, R, Ohio, Tennessee
Chin-Hong said the variant is a so-called recombinant of two other strains — KS.1.1 and KP.3.3 — meaning that genetic information was exchanged between them to form a third strain, XEC, Chin-Hong said. Is the XEC variant more contagious? Chan School of Public Health, said there’s no evidence yet that the XEC variant is much more transmissible than what’s currently circulating. The variant is closely related to KP.2, the strain targeted by the updated vaccines from Pfizer and Moderna. Bright, however, cautioned that clinical data is ultimately needed to determine how well the updated vaccines work against the XEC variant.
Persons: , , Peter Chin, ” XEC, we’re, Rick Bright, Hong, Bill Hanage, ” Hanage, It’s, XEC, Hanage, “ It’s, Marc Johnson, Johnson, There’s, ” Chin, ” Johnson, ” Bright Organizations: Centers for Disease Control, Prevention, University of California, Biomedical, Research, Development Authority, Department of Health, Human Services, CDC, Harvard, of Public Health, University of Missouri School of Medicine, Pfizer, Moderna Locations: United States, San Francisco, Europe, Chin, U.S, Chan, Germany, Netherlands, France
Israel's Prime Minister Benjamin Netanyahu defiantly faced an international community from which he has become deeply isolated amid international condemnation of Israel's war in the Gaza Strip and the military's fresh escalations in Lebanon. As the General Assembly president called the room to order, groups of diplomats stood up and walked out of the room, leaving a sparse audience on the delegate floor. More than 40,000 people have been killed in Gaza in Israel's ensuing war with Hamas. Earlier this month, the General Assembly passed a historic, if symbolic, resolution with an overwhelming majority, demanding that Israel withdraw from the Palestinian territories within a year. The resolutions, like all General Assembly resolutions, are nonbinding and were resoundingly ignored by Israel.
Persons: Benjamin Netanyahu, Netanyahu, ” Yokonan Landau, , , Israel, Francesca Albanese, António Guterres, Guterres, Netanyahu — Organizations: Israel's, United Nations, Assembly, General, General Assembly, Israel, Hamas, Court of Justice, West Bank, Human Rights, UNRWA Locations: Gaza, Lebanon, New York, Iran, Israel, Midtown Manhattan, Nations, Israel's, U.S, France, Syria, Rafah
Meeting with Ukrainian President Volodymr Zelenskyy for the first time in five years, former President Donald Trump complained about his 2019 impeachment and said if re-elected he would work to end the Russia-Ukraine war with a deal “that’s good for both sides." Trump said the two leaders "have a very good relationship, and I also have a very good relationship, as you know, with [Russian] President [Vladimir] Putin." During the July phone call, Trump asked Zelenskyy about opening an investigation into President Joe Biden and his son Hunter Biden. "It was a hoax, just a Democrat hoax, which we won," Trump said of the impeachment effort, with Zelenskyy standing by his side Friday. They last met in person when Trump was president, on the sidelines of the United Nations General Assembly in Sept. 2019.
Persons: Volodymr Zelenskyy, Donald Trump, Trump, He’s, Vladimir, Putin, ranted, Zelenskyy, Joe Biden, Hunter Biden, Bill Taylor Organizations: Zelenskyy, Democrat, United Nations General Assembly, Trump Locations: Russia, Ukraine, United States, Ukrainian
Hurricane Helene moves through Georgia after making landfall in Florida. Kamala Harris visits the southern border in Arizona. The storm churned ashore about 10 miles west-southwest of Perry, Florida, at about 11:10 p.m. and with maximum sustained winds of 140 mph, the National Hurricane Center said. Life-threatening storm surges, winds and rain remained threats, the National Hurricane Center said. Republicans have labeled Harris a “border czar” and questioned why she hasn’t made enough progress on securing the border in her four years as vice president.
Persons: Helene, Kamala Harris, Florida Hurricane Helene, Harris, , hasn’t, Trump, Alan Eugene Miller's, Miller, Adams, Eric Adams, Biden, Donald Trump’s, John Bolton, Newsmax, , Willy Wonka, — Daysia Tolentino, Elizabeth Robinson Organizations: National Hurricane Center, Patrol, Democratic, Republicans, Border Patrol, New York City, Islamic Revolutionary Guard Corps, Netflix, NBC Locations: Georgia, Florida, Arizona, Florida Hurricane, Florida’s Big Bend, Perry , Florida, Tampa, Wheeler County , Georgia, Douglas , Arizona, Alabama, New York
Chinese markets clocked their best week in almost 16 years as the mainland’s CSI 300 rallied 15.7% this week, buoyed by several economic stimulus measures by the central bank. The last time the index saw a bigger weekly gain was the week ending Nov. 14, 2008. Hong Kong’s Hang Seng index recorded a weekly gain of 12.75%, making it the index’s best week since February 1998, according to FactSet data. Tokyo’s headline inflation rate eased to 2.2%, down from August’s 2.6%. A slate of fresh U.S. economic data also supported the market’s gains, with weekly jobless claims falling more than expected, pointing to a steady labor market.
Persons: Hong, PBOC, Shigeru Ishiba, Sanae Takaichi, Korea’s Kospi, Australia’s, Organizations: CSI, People’s Bank of China, Google, Shanghai Stock Exchange, Reuters, Japan’s Nikkei, of Japan, U.S ., Micron Technology, Nasdaq, Dow Jones Industrial Locations: China, Shanghai, Asia, Pacific, Tokyo, August’s, U.S
Republicans stand a good chance of erasing the Democrats’ narrow 51-49 Senate majority in November, a hard reality that complicates Harris' transition planning. Members of Harris’ transition team have studied that one — the handoff from Ronald Reagan to George H.W. Harris' team is operating under an unusually compressed timeline and is still building the basic apparatus needed to vet potential hires and staff an administration. Last month, Harris' campaign appointed Yohannes Abraham to run the team that is preparing for a transfer of power. He came to his new role with direct experience, having been executive director of Biden’s transition in 2020.
Persons: WASHINGTON, Kamala Harris, Harris, who’ve, Joe Biden, Biden, undercutting, , Barack Obama, Robert Gates, George W, Bush's, Gates, , It’s, Ronald Reagan, George H.W, George H.W . Bush, They've, Hillary Clinton, Obama, Donald Trump, Yohannes Abraham, Abraham, Trump, , she’s, Max Stier, There’s, Christine Wormuth, Kathleen Hicks, Michèle Flournoy, Rosa Brooks, ” Brooks, ” Harris, William Burns, Burns, who've, he's, Rohini Kosoglu, Harris ’, Julianne Smith, Phil Gordon, Sens, Chris Murphy, Chris Coons, Linda Thomas, Greenfield, Samantha Power, Walz, Pete Buttigieg, Buttigieg, it’s “, Gina Raimondo, Joe ”, ” Raimondo, Raimondo Organizations: Republican, Biden, Senate, NBC, Trump, Pentagon, Democratic, Senate Democrats, Republicans, University of Virginia's, Association of Southeast Asian Nations, ASEAN, Partnership for Public Service, Army, CIA, White House, NATO, United Nations, U.S . Agency for International Development, Transportation, Biden's Cabinet, Fox News Locations: Washington, George H.W ., U.S, Indonesia, Connecticut, Delaware, United, Biden's
This article is part of “Dealing the Dead,” a series investigating the use of unclaimed bodies for medical research. Texas Senate Media ServicesThe Health Science Center did not comment on Parker’s plans for legislation. The Health Science Center suspended its body-donation program, fired the officials who led it and said it would stop accepting unclaimed bodies. The University of North Texas Health Science Center suspended its body-donation program and fired the officials who led it. Dallas County officials have said moving forward they won’t provide unclaimed bodies for research unless survivors choose to do so.
Persons: Sen, Tan Parker, Parker, , , Andy North, Shelby Tauber, Alisa Simmons, Brenda Cloud, Victor Honey, Maddie McGarvey, NBC News Cloud, ” Cloud, ” Terrence Hayes, “ Mr, Honey, Al Sharpton, MSNBC’s, ” Sharpton, Thomas Champney, ” Champney, Eli Shupe, Tarrant, ” Shupe, Louisa Harvey, Michael Coleman, Michael, ” Harvey, Louisa Harvey ., Louisa Harvey Harvey, Harvey, she’s Organizations: NBC News, Republican, NBC, Fort, University of North Texas Health Science Center, Army, Texas, Media Services, Health Science Center, Dallas, Fort Worth National, U.S . Department of Veterans Affairs, Veterans, Health Science, University of Miami Miller School of Medicine, University of Texas Locations: Texas, Dallas, Tarrant, Fort Worth, North Texas, Mississippi, United States, Arlington
Ishiba, a straight-talking former defense minister, will take office on Tuesday when Prime Minister Fumio Kishida and his cabinet ministers resign and Ishiba is elected his successor by members of the LDP-controlled parliament. He is also contending with a complicated security environment in the Asia-Pacific region, where the U.S. has been strengthening ties with Japan and other allies in an effort to counter China’s growing power. After no candidate received a majority in the first round of voting, Ishiba won in a runoff against economic security minister Sanae Takaichi, 63, who would have been Japan’s first female prime minister. This was Ishiba’s fifth time running for party leader. In addition to being a realist, Ishiba is also an idealist who has never been tainted by scandal, Cucek said.
Persons: Shigeru Ishiba, Fumio Kishida, Ishiba, Hiro Komae, Kishida, Kishida “, ” Ishiba, Sanae Takaichi, Takaichi, , Michael Cucek, Cucek, ” Cucek, , Lin Jian, Lin, Arata Yamamoto, Jennifer Jett Organizations: Liberal Democratic Party, LDP, Liberal Democratic Party’s, Getty, Temple University, NATO, U.S, Yasukuni, Foreign Ministry Locations: TOKYO, U.S, Ishiba, Asia, Pacific, Japan, North Korea, Tokyo, AFP, United States, Japanese, Tottori, South Korea, Philippines, Australia, China, Taiwan, Beijing, East Asia, Phuket, Thailand
Destruction in a area targeted by Israeli airstrikes in Lebanon's town of Saksakiyeh, on September 26, 2024. Mahmoud Zayyat/AFP/Getty ImagesIsrael said it is considering a US-led ceasefire proposal that would see a 21-day pause in fighting in Lebanon, as fears rise of a fully-fledged war between Israel and Hezbollah that risks escalating into a wider regional conflict. • Has Hezbollah agreed? : Hezbollah has not yet commented on the proposed deal, and Lebanese caretaker Prime Minister Najib Mikati has denied reports of signing the framework for Lebanon. Media reports claimed earlier that Mikati signed a ceasefire proposal after meeting US Secretary of State Antony Blinken and envoy Amos Hochstein on the sidelines of the UN General Assembly.
Persons: Mahmoud Zayyat, Israel, Benjamin Netanyahu, Joe Biden, , Najib Mikati, Mikati, Antony Blinken, Amos Hochstein, Netanyahu Organizations: Getty, United Nations General Assembly, European Union, United Arab, Media, UN, Assembly Locations: Lebanon's, Saksakiyeh, AFP, Lebanon, Israel, New York, United States, Australia, Canada, France, Germany, Italy, Japan, Saudi Arabia, United Arab Emirates, Qatar
Destruction in a area targeted by Israeli airstrikes in Lebanon's town of Saksakiyeh, on September 26, 2024. Mahmoud Zayyat/AFP/Getty ImagesIsrael said it is considering a US-led ceasefire proposal that would see a 21-day pause in fighting in Lebanon, as fears rise of a fully-fledged war between Israel and Hezbollah that risks escalating into a wider regional conflict. : President Joe Biden said the plan had been endorsed by the United States, Australia, Canada, the European Union, France, Germany, Italy, Japan, Saudi Arabia, the United Arab Emirates and Qatar. : Hezbollah has not yet commented on the proposed deal, and Lebanese caretaker Prime Minister Najib Mikati has denied reports of signing the framework for Lebanon. Media reports claimed earlier that Mikati signed a ceasefire proposal after meeting US Secretary of State Antony Blinken and envoy Amos Hochstein on the sidelines of the UN General Assembly.
Persons: Mahmoud Zayyat, Israel, Benjamin Netanyahu, Joe Biden, , Najib Mikati, Mikati, Antony Blinken, Amos Hochstein, Netanyahu Organizations: Getty, United Nations General Assembly, European Union, United Arab, Media, UN, Assembly Locations: Lebanon's, Saksakiyeh, AFP, Lebanon, Israel, New York, United States, Australia, Canada, France, Germany, Italy, Japan, Saudi Arabia, United Arab Emirates, Qatar
Taylor County expects to take a direct hit from the Category 4 storm, which is expected to make landfall Thursday night. Taylor County, in northern Florida near the Big Bend region, is home to 20,000 residents, Padgett said. Follow here for live updatesAs in other spots in Florida, mandatory evacuations were ordered for Taylor County, but Padgett estimated that as much as half of his population is choosing to stay put. Uber has offered to take Taylor County residents to shelters outside the county, Padgett said. Helene is the third major storm within a year for Taylor County, Padgett said, "But we're going to endure.
Persons: PERRY, Helene, Mark, Sheriff Wayne Padgett, Padgett, It's, We've, I've, ” Padgett, Uber Organizations: Sheriff, Taylor County Locations: Fla, Taylor, Taylor County, Florida, Bend
Why analysts are calling Cava the next Chipotle
  + stars: | 2024-09-27 | by ( Natalie Rice | ) www.cnbc.com   time to read: +2 min
Fast-casual Mediterranean chain Cava has had an impressive year since going public in June 2023. Now, Wall Street analysts see shades of another fast-casual success story: Chipotle Mexican Grill . In its most recent results for the second quarter of 2024, Cava bucked industry trends by posting same-store sales growth of 14.4% and traffic growth of 9.5%. Cava Group co-founder and CEO Brett Schulman has said its prices increased 15% between 2019 and 2024. "You hear a lot about the value wars lately.
Persons: Nick Setyan, Brett Schulman, Schulman, That's, Cava, Chipotle Organizations: Wall Street, Wedbush Securities, Cava Group Locations: Cava, Chipotle
The e-commerce giant's shares in Hong Kong are around 18% higher this week. Chinese tech stocks, including beaten-down names like Alibaba, rallied this week, hitting highs not seen in more than a year after China's central bank announced measures to stimulate the world's second-largest economy. Prior to the cuts, investors had been cautious on Chinese tech stocks like Alibaba and Meituan which are sensitive to the economy and consumer in China. However, big-name investor have started to strike a bullish tone on Chinese stocks. Despite the latest upswing, Chinese tech stocks remain significantly off their all-time highs hit in 2021.
Persons: Alibaba, David Tepper, Evelyn Cheng Organizations: Hong, Hang Seng Tech, Hong Kong, People's Bank of, Billionaire, CNBC, U.S . Federal Reserve, Baidu Locations: U.S, Hong Kong, People's Bank of China, China
The best-performing Club stocks during the topsy-turvy third quarter are all outside the "Magnificent Seven" and AI-winner complexes. Starbucks: 25.2% New CEO Brian Niccol is the reason why Starbucks' stock is on the list. Best Buy: 18.6% The electronics retailer is another rate-cut winner: More people moving means more purchases of appliances and TVs. In fact, the reasons to own Best Buy are underappreciated by investors, JPMorgan analysts said in a note to clients Friday. Like Stanley Black & Decker and Best Buy, Home Depot is a beneficiary of increased housing sector activity.
Persons: , Stanley Black, Decker, Brian Niccol, Eli Lilly, Lilly, there's, Jim Cramer's, Jim Cramer, Jim, Donald Allan , Jr, Chris Taylor Organizations: Reserve, Starbucks, Deutsche Bank, GE Healthcare, Novo Nordisk, Abbott Laboratories, Abbott Labs, GE, JPMorgan, CNBC, The New York Stock Exchange, NYSE Global Locations: U.S, China
Dalton, Georgia CNN —The face of a new era in American manufacturing is here, just off Interstate 75, tucked into this northwest corner of Georgia. That’s where you’ll find the Qcells plant that pumps out 32,000 solar panels a day and has a total panel production capacity of 5.1 gigawatts. They’re contributing back into the local community, paying taxes,” Nash said. The Qcells solar panel plant in Dalton, Georgia CNNTrump strikes a chordLocated in the congressional district represented by GOP firebrand Marjorie Taylor Greene, Dalton is Trump country. “You want to ask me that after November?” Nash, the Qcells plant manager, responded when asked about the future for the industry.
Persons: Dalton, , Lisa Nash, , didn’t, it’s, ” Nash, Biden, “ We’ve, Scott Moskowitz, Kamala Harris, Andi Rice, she’s, Kimberly Richardson, Harris, Richardson, Qcells, ” Richardson, Donald Trump, ” Kasey Carpenter, Dalton , Georgia CNN Trump, Marjorie Taylor Greene, ” Carpenter, Trump, George, Kasey Carpenter CNN, Brian Kemp –, can’t, Matt Santini, CNN's Phil Mattingly, “ It’s, ” Santini, Carpenter, , there’s, Mattingly, It’s, ‘ Don’t Organizations: Georgia CNN, CNN, Bloomberg, Getty, Republican, Dalton , Georgia CNN, GOP, Republican Gov, Biden, Trump, Oakwood Locations: Georgia, That’s, Dalton, Qcells, Dalton , Georgia, United States, Trump, Cartersville , Georgia, Atlanta
Costco Wholesale — The membership-only retailer saw shares dip about 1% after the company missed expectations for fiscal fourth-quarter revenue. Super Micro Computer — Shares of the artificial intelligence beneficiary slipped 2%, adding to their 12% loss in the previous session. The Wall Street Journal reported that the U.S. Justice Department had opened a probe on the company. Dollar General — Shares fell 2% after Citi downgraded Dollar General to sell from neutral, saying Walmart 's increasing dominance in retail, especially on pricing, has the dollar store "on the wrong side." HP Inc. — The tech hardware stock fell about 2% after a downgrade to neutral from buy at Bank of America.
Persons: Myers Squibb, Costco, Hindenburg, Morgan Stanley, , KeyBanc, — CNBC's Hakyung Kim, Lisa Kailai Han, Yun Li, Sarah Min, Jesse Pound, Samantha Subin, Michelle Fox Organizations: Myers, U.S . Food, Drug Administration, Novo Nordisk —, JPMorgan, Costco Wholesale, Revenue, Street Journal, U.S . Justice Department, U.S . Securities, Exchange Commission, Wynn Resorts, Citi, Walmart, HP Inc, Bank of America, HP Locations: Bristol, U.S, Novo Nordisk — U.S, Danish
Deutsche Bank reinstated Dell Technologies as a buy, calling for nearly 14% upside. 7:04 a.m.: Citi says Walmart remains a top pick, hikes price target Walmart is poised for more growth ahead, according to Citi. The firm upgraded the stock to overweight from neutral and raised its price target by $66 to $395. WYNN mountain 2024-08-30 WYNN month to date — Sean Conlon 5:49 a.m.: Deutsche Bank reinstates Dell Technologies as buy The stars are aligning for Dell Technologies , according to Deutsche Bank. Analyst Matt Niknam resumed coverage of the PC maker with a buy rating and a price target of $144, which implies upside of nearly 14%.
Persons: Morgan Stanley, Paul Lejuez, — Sean Conlon, Piper Sandler, Accenture Piper Sandler, Arvind Ramnani, GenAI, Ramnani, Sean Conlon, Bumble, Justin Patterson, Patterson, Stephen Grambling, WYNN's, they've, Matt Niknam, Niknam, DELL, Fred Imbert Organizations: CNBC, Deutsche Bank, Dell Technologies, Wynn Resorts, Citi, Walmart, Accenture, Markets, Wynn, Las, MGM Resorts, Caesars Entertainment, Deutsche Bank reinstates Dell Technologies, DELL, Dell Locations: Grambling, UAE, WYNN
We raised our price target on the stock. Best Buy was added to JPMorgan's analyst focus list after a meeting with the electronics and appliance retailer's management team. Deutsche Bank restarted coverage of Dell Technologies with a buy rating and price target of $144 a share. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Bristol Myers, Morgan Stanley, Wynn, Jim Cramer, Dan Ives, Jim Cramer's, Jim Organizations: Club, Costco, Drug Administration, Bristol, Bristol Myers Squibb, Wynn Resorts, United Arab, Citigroup, Analysts, Walmart, Deutsche Bank, Dell Technologies, PepsiCo, HP Inc, Bank of America, HP, Wedbush Securities, Jim's, Jim Cramer's Charitable, CNBC Locations: what's, New Jersey, Las Vegas, United Arab Emirates, China, Macau
Mental health concernsStill, other than rushing water, the biggest health concern from a flood may be mental, studies show. Storms can exacerbate existing mental health problems or lead to new ones. The federal government offers a Disaster Distress Helpline to help those struggling with mental health problems resulting from a storm. That toll-free number, staffed by mental health professionals, is 1-800-985-5990. The 988 Suicide and Crisis Lifeline provides free emotional support to people in mental health crises and connects them to local resources.
Persons: Wilma Subra, floodwater, don’t, Katrina, Dr, Sanjay Gupta Organizations: CNN, World Health Organization, US Centers for Disease Control, Prevention, CDC, WHO, Environmental Protection Agency, US Food and Drug Administration, Hurricanes, CNN Health, Lifeline Locations: floodwater, United States, Sudan, Florida, Georgia, West, West Nile
I decided to finally declutter and say goodbye to things I didn't think I could part with. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA sign on my home office door says, "Creative People Don't Have a Mess; They Have Ideas Lying Around Everywhere." I've created a three-step process to trick myself into saying goodbye to my junk without squashing my personality or memories. I am finally able to say goodbye to my belongings, knowing that they will be adopted.
Persons: , I've, Gamify, she'd, Donna Summer, Ivy Eisenberg Organizations: Service, Facebook, Vietnam Veterans Locations: Ulta, France, America, White Plains , New York, Queens, New York City
Argentina’s poverty rate soared to almost 53% in the first half of the year, official data released on Thursday showed, the first hard evidence of the painful impact of libertarian President Javier Milei’s tough austerity measures. The data underscores how Milei’s spending cuts, aimed at overturning a deep fiscal deficit, have caused major short-term pain. The country is in a deep recession and inflation remains in triple digits, though there are signs things are improving. ‘Any level of poverty is horrendous’Agustin Salvia, director of the UCA’s Observatory, said that there was a significant impact at the start of the year from Milei’s policies. “If you look at the whole story, it shows a deterioration in the first quarter.
Persons: Javier Milei’s, , Irma Casal, Agustin Salvia, Manuel Adorni, Milei Organizations: Catholic University of Argentina’s, UCA’s Locations: American, Buenos Aires
Crimson clouds light up the skyline of Victoria Harbour on July 14, 2022 in Hong Kong, China. Asia-Pacific markets mostly rose Friday, with Chinese stocks likely set to cap off a week of gains on the back of Beijing's stimulus measures aimed at boosting the economy. The bank added that the weighted average deposit reserve ratio of financial institutions will be about 6.6% after this reduction. Tokyo's headline inflation rate eased to 2.2%, down from August's 2.6%. The core inflation rate — which strips out prices of fresh food — in the capital city came in at 2%, in line with expectations from economists polled by Reuters and down from 2.4% in August.
Organizations: People's Bank of China, Reuters Locations: Victoria Harbour, Hong Kong, China, Asia, Pacific, Tokyo, August's
The good news is that recent data suggests a decline in overdose deaths, the first significant drop in decades. Skyrocketing overdose deaths are nearly unavoidable, regardless of whether a state enforces tough penalties for drug possession or decriminalizes it. Since 2021, at least two-thirds of America’s 100,000 annual overdose deaths involved a synthetic opioid like fentanyl. Overdose deaths in the Northeast Deaths per 100,000 people Looking at regional overdose deaths shows this pattern clearly. It’s not coincidental that the exponential rise in overdose deaths has occurred in tandem with a profound increase in income inequality.
Persons: bartenders, skyrockets, didn’t Organizations: for Disease Control, National Forensic Laboratory Locations: East Coast, United States, America, East, Mississippi, Texas, Idaho, Oregon, New York City, Chicago, Rural West Virginia, Florida, West, U.S, Mexico
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