Americans to Exhaust Pandemic Savings

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🗳️ GOP Divisions Lead Congress to Shutdown Risk After Late Votes

Amid tensions between GOP members and a nearing government shutdown, House Republicans are divided, with conflicts peaking between Gaetz and McCarthy. McCarthy rebuffs ousting threats, stating, "I think I'm fine," and won't "waste time on Gaetz." A Senate stopgap bill hangs in balance as potential shutdown looms, affecting millions. GOP Sen. Thom Tillis stresses, “Time is of the essence.”

💰 Americans to Exhaust Pandemic Savings by Q3 End

Americans amassed a record $2.1 trillion in excess savings during the COVID-19, set to deplete by Q3 2023, according to the Federal Reserve Bank of San Francisco. Household debt also soared to $17.06 trillion in Q2 2023, with 46% reporting incomes lagging inflation. TransUnion notes, "Inflation has consumers in a recession state of mind," emphasizing the increasing reliance on credit, particularly among Gen Z, to tackle rising expenses.

📈 US GDP Maintains 2.1% Growth in Q2, Demonstrating Economic Resilience

The US economy demonstrated resilience with unrevised Q2 GDP growth at 2.1%, amid elevated inflation. "The big news is…the economy remains resilient, inflation remains elevated, and the Fed's worst-case scenario, stagflation, has been avoided for now," stated Chris Zaccarelli, Chief Investment Officer at Independent Advisor Alliance. However, a looming government shutdown and auto workers' strike darken the outlook for 2024, influencing potential Federal Reserve decisions on interest rates.

👑 'Uzbek Princess' Accused of Leading Global Crime Ring, Laundering Millions

Swiss authorities accuse Uzbekistan's "Princess", Gulnara Karimova, of heading a syndicate laundering millions through Swiss companies, primarily Zeromax. With assets totaling $440 million frozen at Lombard Odier bank, which faces its own investigation, Karimova’s lawyer, Grégoire Mangeat, contests the charges, noting she's endured "arbitrary detention" for nearly a decade. Investigations commenced in 2016 following her loss of diplomatic immunity.

❄️ Swiss Glaciers Shrink 10% in Two Years

Swiss glaciers experienced a 10% volume loss in two years, equating to losses between 1960 and 1990, due to climate breakdown and extreme temperatures. Matthias Huss of Glacier Monitoring in Switzerland warns, “If we continue at this rate … we will see every year such bad years,” and anticipates only a third of Switzerland’s glaciers remaining even if global warming is limited to 1.5C above preindustrial levels.

🔄 Microsoft proposed selling Bing to Apple, but Apple declined

In 2020, Microsoft and Apple discussed Bing's sale, but talks stalled. Apple, earning $20 billion annually, favored Google for its iPhone default search engine, with Microsoft's Mikhail Parakhin noting, “Apple is making more money on Bing existing than Bing does.” Amid concerns over Bing’s competitiveness, Apple chose to extend its profitable agreement with Google in 2021.

🛡️ NSA Launches AI Security Center

The NSA, under General Paul Nakasone, launched an AI security center to oversee AI integration in US defense and intelligence, maintaining the country's "advantage in AI." The center will focus on securing AI adoption against vulnerabilities and foreign threats, particularly from China, and will operate within the NSA’s existing Cybersecurity Collaboration Center, ensuring AI’s secure role across national security sectors.

🌟 "Harry Potter" Dumbledore Actor Michael Gambon Passes Away at 82

Sir Michael Gambon, acclaimed for portraying Dumbledore in Harry Potter, has died at 82. Known for roles in "The Singing Detective" and "Paddington", and awarded multiple Oliviers and BAFTAs, he once candidly remarked, "I did it because I wanted the money" for the role of Albus Dumbledore. His passing marks the loss of a versatile actor with a distinguished career in film and theatre.

🎤 Swift Presence Boosts Jets vs. Chiefs Ticket Prices by 43%

Ticket prices for the New York Jets vs. Kansas City Chiefs game surged 50% on TickPick following reports of Taylor Swift attending to see rumored boyfriend Travis Kelce. Swift's previous appearance marked the season's highest single-day sales for the Chiefs. Kelce subtly acknowledged, stating, "Shout out to Taylor for pulling up… it was definitely a game I'll remember, that's for damn sure."

🚀 Astronaut Frank Rubio back on Earth after unexpected 371-day space stay

NASA astronaut Dr. Frank Rubio set a U.S. record with a 371-day stay on the ISS after his return was delayed due to spacecraft damage. Arriving with Russian cosmonauts in 2022, they faced an unexpected extended mission. NASA Administrator Bill Nelson stated, "Frank's record-breaking time...paves the way for future exploration." Readjustment to Earth may take Rubio six months.

🌆 NYC Hotspots Sinking Rapidly, Says Latest NASA Report

NASA reports that New York City, including key areas like LaGuardia Airport, is sinking rapidly at 4.6mm yearly, accentuated by the city’s 1.7 trillion pound weight and rising sea levels. Tom Parsons, lead researcher from the United States Geological Survey highlights significant flood hazards, with the sea level rise threat "3 to 4 times higher than the global average," endangering the city’s 8.4 million population.

👤 Texas Man Guilty in Human-Smuggling Case: 53 Lives Lost

Christian Martinez faces life imprisonment after pleading guilty to a human-smuggling attempt in Texas in 2022, resulting in 53 migrants’ deaths in a sweltering trailer. The case underscores the "growing border crisis," with victims from Mexico, Guatemala, and Honduras paying up to $15,000 for smuggling. Martinez's sentencing is scheduled for January, while five co-accused await trial.

On 29 September 1917, the Balfour Declaration initiated the British mandate in Palestine, leading to decades of strife between Jews and Palestinian Arabs. The mandate, formalized in 1923, aimed to establish a Jewish homeland in Palestine, sparking the rise of two nationalist movements amidst the predominantly Arab population.

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