Child Poverty soars in the US!

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📈 Child poverty soars in the U.S. as tax credits and stimulus checks halt.

The U.S. child poverty rate soared to 12.4% in 2022, following the expiration of pandemic-era child tax credits and stimulus checks. Coupled with a 7.8% inflation rise, these factors reversed historic reductions in child poverty. President Biden attributed the surge to a "deliberate policy choice congressional Republicans made," highlighting the political standoff.

🎬 Summer Movie and Concert Splurge: Investors Predict End

A Bloomberg survey reveals concerns about US consumer spending's sustainability, which underpins the economy. Over 56% of investors anticipate a decline by 2024, with some expecting it even sooner due to high-interest rates and depleted pandemic savings. Anna Wong, Bloomberg Economics' chief US economist, encapsulated the sentiment, asking, "Is this strength in consumption sustainable?" highlighting one-off spending boosts.

🚨 Quarter of City Vanishes As Deadly Libya Floods Kills Thousands

Storm Daniel devastated Libya, particularly the city of Derna, with thousands dead and over 10,000 missing. The storm destroyed dams and obliterated a quarter of Derna. Hichem Abu Chkiouat, minister of civil aviation, stated, "25% of the city has disappeared. Many, many buildings have collapsed." Aid is now pouring into the affected areas from around the world.

🤝 US Initiates Prisoner Swap with Iran, Unfreezes $6 Billion

The Biden administration approved a $6 billion transfer of frozen Iranian funds for the release of five detained Americans. Critics, including Senators Grassley, Cotton, and Cruz, label this as "paying ransom" and indirectly supporting Iranian "terrorism". The National Security Council stressed the goal of freeing "wrongfully held Americans". Among the detainees are Siamak Namazi, Emad Sharghi, and Morad Tahbaz.

📱Apple Unveils iPhone 15: "Our Best and Most Pro iPhone Ever"
Apple introduced the iPhone 15 series, featuring a USB-C port for EU compliance. The base model, starting at $799, offers the Dynamic Island and a 48-megapixel camera. Meanwhile, the high-end Pro models, beginning at $999, boast the A17 Pro chip, titanium bodies, and a customizable action button.

💰 U.S. Slams Google's $10B Antitrust Tactics at Trial Opening

Google faces a landmark 10-week monopoly trial with the U.S. government and 38 states, accused of paying $10 billion yearly to dominate online search. Kenneth Dintzer, the government's lead attorney, noted: "This feedback loop...has been turning for over 12 years... always to Google’s advantage." The trial's outcome could reshape the tech industry's power dynamics. John E. Schmidtlein, Google's lawyer, stated, "Users today have more search options and more ways to access information online than ever before."

📅 Apple's Latest: Watch Series 9, AirPods Pro USB-C, and Upcoming Software Drops.

Apple launched the Watch Series 9, featuring an "all-day" battery and "double-tap" gesture, available from September 22nd starting at $399. The Apple Watch Ultra 2, with a 3,000-nit display, making it the brightest screen, is priced at $799. AirPods Pro now comes with a USB-C case. iOS, watchOS, and iPadOS updates release on September 18th, and macOS Sonoma on September 26th.

🏆 2023 MTV VMA Winners Announced
Taylor Swift led the MTV VMAs with 9 victories, predominantly for "Anti-Hero," cementing her place behind Beyoncé in the VMA legacy. Historic nods went to female and nonbinary artists in the Video and Artist of the Year nominations. Newcomer category Best Afrobeats made its debut, and the night celebrated Shakira and Diddy with the Video Vanguard and Global Icon awards respectively.

🕊️ Former NFL wide receiver Mike Williams, 36, passes away in a construction accident.

Former NFL wide receiver Mike Williams died at 36 after a construction accident in Tampa. Drafted by the Buccaneers in 2010, Williams shone as a rookie. His agent stated, "He fought hard his whole life. Prayers to his family." Throughout his career with the Buccaneers, Bills, and Chiefs, he achieved 223 receptions and 26 touchdowns.

🤖 Microsoft Disrupts US City's Water Supply to Develop ChatGPT and Bard, Sparking Crisis

OpenAI and Microsoft's AI endeavors, including ChatGPT, intensified water demands in Iowa, using significant amounts from local rivers for cooling. Microsoft's water use surged 34% from 2021 to 2022, attributed to AI research, totaling 1.7 billion gallons. Each ChatGPT interaction consumes about 500ml per 5-50 prompts. Both firms stress their commitment to sustainability and efficient computing amid environmental concerns.

🚗 Ford, Honda, and BMW Launch V2G Company for EV Owners' Savings

Ford, BMW, and Honda have co-founded ChargeScape, aiming to let EV owners return energy to the grid. The unified platform will connect utilities, automakers, and EV customers, providing "financial benefits through...services never before possible with traditional gasoline-powered vehicles." It simplifies dealings with utility providers and promotes grid-friendly charging. Launching is expected next year, pending regulatory approval.

📢 CDC Urges Updated COVID Boosters for All Ages 6+

The CDC recommends everyone aged 6 months and up receive the updated COVID-19 vaccine this fall, following a supportive vote by its advisory committee. Director Dr. Mandy Cohen emphasized, "CDC is now recommending updated COVID-19 vaccination for everyone 6 months and older to better protect you and your loved ones." Availability is expected within 48 hours in select areas.

🚫 New Mexico Governor Temporarily Bans Public Firearm Carry in AlbuquerqueNew New Mexico's Gov. Michelle Lujan Grisham banned open and concealed firearms in Albuquerque and Bernalillo County for 30 days, citing public health concerns over gun violence. Facing backlash and legal challenges, Grisham emphasized the order's symbolic message over its enforcement, stating, “It’s not for police to tell me what’s constitutional or not.” The controversial total carry ban is unprecedented in the U.S.

On September 13, 1598, Philip III was crowned King of Spain and Portugal. Despite his personal virtue, his reign was marked by indifference to governance and lavish spending, exacerbating Spain's economic troubles. He also held titles as Philip II of Portugal, Sicily, and Naples.

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