US Inflation Continues to Soar
In the US, consumer prices rose much faster than expected. This is grim news as the Federal Reserve seeks to curb the fastest price rise in his 40 years.
Overall inflation rose 8.2% in the year to September, beating some economists’ expectations, and prices rose 6.6% after removing the so-called core indices of fuel and food. This is the new high for the core index this year and the fastest annual gain since 1982.
The Federal Reserve keeps a close eye on the monthly numbers, which provide a clearer snapshot of how prices are changing in real time. Overall inflation rose 0.4% in September, well above last month’s 0.1%, while the core index rose 0.6%, consistent with the previous month’s strong rise.
point: Disappointing inflation is likely bad news for Democrats ahead of the midterm elections.
What’s next: It looks likely that the Federal Reserve will raise interest rates for the sixth time this year. The central bank has indicated it would consider raising the rate by up to three-quarters of a percentage point at its next meeting in November.
scavenging for energy in europe
The Russian invasion of Ukraine left many Ukrainian cities devastated. War could also mean the end of rural Germany.
Lützerath is next to a coal mine, on top of a large coal deposit that the German government hopes will be mined to compensate for the impending shortage of cheap Russian gas that Germany usually relies on for heating in the winter. located.
US seeks to block China’s technological development
The Biden administration wants to limit China’s military’s rapid technological development by cutting off access to China’s advanced chips.
Intelligence agencies report that China is using supercomputing and artificial intelligence to develop stealth and hypersonic weapon systems to try to decipher the U.S. government’s most encrypted messages. The US government’s restrictions on technology exports to China have announced what they believe are the toughest in a decade, technology experts said.
In dozens of interviews with officials and industry executives, colleagues Anna Swanson and Edward Wong detailed how the policy was put together. After trying to convince allies such as Japan, South Korea, Israel and the UK to announce the restrictions along with the US, some of these governments fear reprisals from China, one of the world’s largest technology markets. was Ultimately, the Biden administration decided to act alone.
detail: US officials described the decision to push forward with export controls as a show of leadership. They said some allies want to impose similar measures but are wary of antagonizing China. Washington’s rules for foreign companies have been hard work for them.
What’s next: This regulation could be the beginning of a widespread attack by the US government. Matthew Pottinger, the Trump administration’s deputy national security adviser, said, “This marks a significant shift in the administration’s mindset.
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Asia
The upright crested penguin of the harsh antipodal islands of the South Pacific has a bizarre parenting behavior, laying eggs that are doomed to die. Researchers don’t know why.
living life
Andy Detwiler lost both of his arms as a child and learned how to use his legs to drive a tractor, feed animals and build custom farm equipment. He ran his 300-acre farm and became a YouTube star.
focus on climate
food and climate savings
Food waste that rots in landfills produces methane gas that heats the planet rapidly.Around the world, food waste is the cause 8-10% of global greenhouse gas emissionsat least twice the emissions from aviation.
A lot of it doesn’t have to be there. His 31% of the food grown, shipped or sold is wasted. To slow global warming and feed people, governments and entrepreneurs are coming up with different ways to waste less food, writes my colleague Somini Sengupta.
California requires grocers to donate food that is edible but discarded. UK supermarket chain has done away with expiration dates on produce. In South Korea, a campaign to eliminate food waste in landfills has been underway for nearly 20 years.
South Korea’s food waste decreased from about 3,400 tons per day in 2010 to about 2,800 tons in 2019. In the latest experiment, the government has deployed bins equipped with radio-frequency identification sensors that precisely weigh the amount of each piece of food waste. Monthly home throw.