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Dozens of UFO Reports Monthly in US
π€³19th Oct 2023 | US Commercial Property Distress Hits 10-Year Peak, Magnitude 4.2 Earthquake Hits Northern California, Jim Jordan's bid for House Speaker falls short, and more!
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π US Commercial Property Distress Hits 10-Year Peak
U.S. commercial real estate distress soared to $80 billion, a 10-year high, amid faltering office demand, MSCI reports. With a 9% value decrease and 53% transaction slump, the sector, notably offices, faces significant strain, providing "93% of the additional balance for the quarter," yet distress remains below global crisis levels.
π° Typical US Family's Net Worth Surges 37% During Pandemic, Sets New Record
U.S. household net worth surged 37% from 2019-2022, marking the highest growth since the Federal Reserve's 1989 survey. Driven by increased home and stock values and pandemic stimuli, disparities remain with the bottom 25% having a median net worth of $3,500 versus $3.8 million for the top 10%. Ted Jenkin noted, βThose with big net worth in America keep getting bigger, while others make little progress.β The racial wealth gap persists, and poverty rose in 2022.
ποΈ US Intel Clears Israel of Hospital Blast; Biden Commits $100m Aid
U.S. intelligence absolves Israel of the Gaza hospital explosion, attributing it to an errant Hamas rocket. Amidst the turmoil, President Biden, recalling America's post-9/11 missteps, urges Israeli restraint amidst conflict. He announced $100 million in aid for reconstruction and humanitarian efforts in Gaza, emphasizing the pursuit of justice without succumbing to rage.
π« US blocks UN Security Council's move on Israel, Gaza
U.S. vetoed a UN resolution proposing humanitarian pauses in Gaza, despite broad support, citing ongoing diplomatic efforts. U.S. Ambassador Linda Thomas-Greenfield asserted, "We believe we need to let that diplomacy play out." This stance sparked criticism, including Russia's condemnation of U.S. "hypocrisy," amid calls for immediate aid and ceasefires.
Source- Google
π Chrome's search bar enhances autocomplete and fixes typos automatically
Google upgrades Chrome's address bar with features like smarter autocompletion, typo fixes, and direct bookmark searches. It suggests popular sites previously unvisited and enhances visual layout for quicker, more intuitive browsing. Google stresses, "The address bar is more responsive, providing faster results as soon as users start typing," streamlining the user's search experience.
π±WhatsApp to Enable Simultaneous Dual Account Login Soon
Meta's CEO, Mark Zuckerberg, unveiled a feature for switching between two WhatsApp accounts on one Android device. Users need separate phone numbers and SIMs for initial setup, but post-verification, the second device or SIM isn't necessary. "After this initial verification, the app will continue to work for both accounts," says WhatsApp spokesperson Ellie Heatrick, highlighting the app's progression.
βΎ Gold Glove Finalists Announced
The 2023 Rawlings Gold Glove finalists have been revealed, with winners to be declared on ESPN's "Baseball Tonight" on November 5. Standouts include Anthony Rizzo with a leading +6 Outs Above Average and Dansby Swanson's exceptional +20 OAA. The awards, encompassing a relatively new utility category, combine votes from MLB managers/coaches (75%) and SABR Defensive Index metrics (25%).
π Studios Offer $20M, Actors Demand $500M to End Strike
SAG-AFTRA's strike rages on as talks with AMPTP falter, rooted in a $480 million divide, with actors seeking $500 million for streaming residuals, countering the studios' $20 million offer. Citing the proposal's "less than 57Β’ per subscriber" affordability, the union condemns dwindling actors' incomes. The impasse shakes the industry, prompting Warner Bros. Discovery's possible $500 million losses and unsettling the forthcoming TV season.
πΈ Dozens of UFO Reports Monthly in the US, Says Pentagon Official
The Pentagon's All-domain Anomaly Resolution Office reported an increase in UFO sightings, with 800 since April. While most are benign, some may indicate foreign espionage. Sean Kirkpatrick, the director of the ADAR Office at the Pentagon, noted potential flight safety concerns, with many sightings near military zones. As the Pentagon rolls out new reporting platforms, Kirkpatrick underscored, "The government should've been more proactive and tackled this issue much earlier with clear intent."
π Magnitude 4.2 Earthquake Hits Northern California; Bay Area Gets ShakeAlert
A 4.2 magnitude quake near Isleton, California, prompted "ShakeAlerts" and brief BART shutdowns, with no injuries reported. Occurring near Loma Prieta's anniversary and before the Great ShakeOut drill, the alert advised: "Earthquake Detected! Drop, Cover, Hold on. Protect Yourself!" The tremor was felt widely in the Bay Area suburbs.
π Jim Jordan's bid for House Speaker falls short; Republicans seek alternatives
In his second attempt, GOP's Jim Jordan struggled to secure the House Speaker role, facing party pushback over perceived extremism and severe campaigning methods, even involving death threats. Despite growing support for elevating interim Speaker Pro Tempore Patrick McHenry, a defiant Jordan persists: "We'll keep talking to members, keep working on it."
Source- Britannica
On 19 October 1987, a catastrophic stock market crash known as Black Monday swept across the globe. The Dow Jones Industrial Average (DJIA) suffered a staggering drop of 508 points, translating to a 22.6% decline in just one day. This remains the most significant one-day percentage decrease in the history of the stock market. Concurrently, other major global stock markets experienced similarly dramatic falls.
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