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☆ A flight attendant broke his ankle in 2 places after being thrown to the ground by severe turbulence as his plane flew through a storm
▼ + stars: | 2022-10-19 | by ( Stephen Jones | Sam Tabahriti | ) www.businessinsider.com time to read: +3 min

A flight attendant was badly hurt when his plane was hit with turbulence during its descent. The attendant broke his ankle in two places during the July 2021 incident on a Norwegian flight. Turbulence began when the plane was forced to fly through a storm previously missed by air traffic radar. His colleague — cabin crew member three — also injured her ankle in the incident, but provided assistance, and informed the rest of the flight crew of her colleague's more severe injury. Cabin crew member two suffered two fractures and a dislocated ankle, while crew member three suffered bruising.

From a year earlier prices rose 8.2%, far above the Fed's 2% target. That is still the dominant view, though futures prices now also reflect about a one-in-10 chance of a full percentage-point rate hike next month. Fed policymakers have raised interest rates sharply this year, from near-zero just seven months ago. Most global central banks are also raising rates fast, and stock prices around the world have fallen as investors expect growth to slow in response. Traders are pricing a smaller 30 basis point rate cut toward the end of 2023, rate-futures contracts traded at CME Group show.

☆ Inflation and bond yields are peaking as demand destruction starts to dominate, economist says
▼ + stars: | 2022-10-13 | by ( Brian Evans | ) www.businessinsider.com time to read: +2 min

Inflation and bond yields are close to peaking, according to top economist Komal Sri-Kumar. He also told CNBC that he expects a severe recession in the wake of monetary tightening and inflation. "I think we are reaching the point where demand destruction is going to dominate over supply uncertainties, and that's what is happening." "The only thing unknown is, what is the top for inflation and what is the top for the bond yield? "The question now in terms of controlling inflation [and] keeping bond yields under manageable levels is if Jerome Powell can do that, and I doubt it very much," Sri-Kumar said.

"There will be impacts, there’s correlations ... some market volatility, and then how it weighs in the global growth picture," said Paul Malloy, head of municipals at Vanguard. The wild swings in the pound have ricocheted across currency markets, where volatility was already climbing. According to the widely watched Deutsche Bank Currency Volatility Index , volatility across currencies on Wednesday hit its highest level since the March 2020 COVID-19- induced market meltdown, jumping more than 20% from levels last week. Closely followed indicators of financial stress remain contained. U.S. stock market volatility as measured by the "fear index," the VIX (.VIX), has also climbed in recent days but remains below its 2022 highs.

☆ 10-Year Treasury Yield Hits 4%
▼ + stars: | 2022-09-28 | by ( Sam Goldfarb | Matt Grossman | ) www.wsj.com time to read: 1 min

The yield on 10-year U.S. government bonds hit 4% for the first time in more than a decade Wednesday, the latest leg of a historically steep rise that has jolted financial markets this year. Yields, which rise when bond prices fall, have been climbing at their fastest pace in four decades because of escalating expectations for how high the Federal Reserve will raise short-term interest rates to tamp down the worst inflation since the 1980s.

☆ Home-Goods Retailers Jolted by Slowdown in Housing Market
▼ + stars: | 2022-09-19 | by ( Harriet Torry | Jennifer Maloney | ) www.wsj.com time to read: 1 min

Falling home sales are rippling through the economy, providing a window into how rising interest rates can cool spending, hiring and growth. When people buy new homes, they typically buy a lot to go inside, including furniture, curtains, lighting fixtures and appliances.

☆ What to Know About the Building Collapse in Surfside, Fla.
▼ + stars: | 2021-06-24 | by ( The New York Times | ) www.nytimes.com time to read: 1 min

Firefighters, search dogs and emergency crews spent just over a month scouring the rubble for survivors of a residential building that collapsed on June 24, just north of Miami Beach. On July 7, crews shifted from a rescue effort to a recovery operation, acknowledging that no more survivors would be found. The final toll came to 98 people killed in what was officially deemed one of the deadliest structural building failures in American history. Survivors said they were jolted awake around 1:30 a.m. by fire alarms, falling debris and the feeling of the ground trembling. Photos from the scene show one side of the 13-story condo tower collapsed, with a giant pile of rubble below.

Locations: Miami Beach

☆ For US Capitol Police, months of relative calm preceded an unprecedented storm brought on by a pro-Trump mob
▼ + stars: | 2021-01-07 | by ( Tina Sfondeles | Dave Levinthal | ) www.businessinsider.com time to read: +4 min

Those incidents resulted in fewer than 100 individual charges — from July 2020 to early January, records show. It wasn't until August 27 that Capitol Police arrested someone for stealing a package from a building. Perhaps the most bizarre incident of the past few months involved a man, his genitals exposed, fighting with a woman several blocks from the Capitol building. Capitol Police did arrest several people during the past several months for entering restricted areas of the Capitol grounds. Here's a categorized look at the types of offenses Capitol Police dealt with from July 2020 up until last week.

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