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Economists Anticipate Fed's Surprise Hike
🤳18th Sept 2023 | US Secret Dealings with Pakistan, Chris Rock Seeks Counseling Following Oscars Slap, F-35 Military Jet is Missing, and more!
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Economists increasingly expect the policy rate to peak between 5.5-6%, Source- Financial Times
🗳️ McCarthy Urges 8% Spending Cut and Border Wall to Prevent Shutdown
House Speaker Kevin McCarthy proposed delaying the Oct. 1 US government shutdown with an 8% domestic agency cut and resumed border wall construction. Facing opposition from Democrats and GOP hardliners, the bill lacks Ukraine war and disaster funds. McCarthy emphasized on Fox News, “I don’t think [a shutdown] is a win for the American public... it’ll make our hand weaker.”
📈 Economists Anticipate Fed's Surprise Interest Rate Hike
A majority of economists predict the US Federal Reserve might raise rates beyond the current 5.25-5.5% benchmark, despite market sentiment to maintain rates until 2024, according to a Financial Times survey. Julie Smith of Lafayette College noted, "It doesn’t seem like there is enough pullback from consumers to slow the economy." Concerns persist about sustained inflation and external pressures like oil supply cuts.
Kim Jong Un & Primorsky Krai Oleg Kozhemyako, Source- Firstpost
🎁 North Korea's Kim Jong Un's Russian Gifts: Drones and Bulletproof Vest
During a rare six-day visit to Russia, Kim Jong Un fortified ties with President Putin, raising Western concerns about North Korean arms aiding Russia's Ukraine offensive. Kim received drones and a bulletproof vest as gifts. Despite focusing on military cooperation and examining Russia's advanced weapons, the Kremlin denies a pending arms deal. The trip heralds a "new era of friendship" between the nations, as described by the North Korean news agency, KCNA.
🕵️♂️ Secret U.S. Arms Deal Fuels Pakistan's IMF Bailout: Leaked Docs
Secret Pakistani arms sales to the U.S. for Ukraine influenced a contentious IMF bailout for Pakistan, sparking widespread protests. Influenced by the U.S., Pakistan ousted PM Imran Khan in 2022, later jailing him and suppressing dissent. An expert remarked, “Pakistani democracy may ultimately be a casualty of Ukraine’s counteroffensive,” highlighting the geopolitical stakes and the impact on Pakistan's domestic landscape.
🇹🇼 Taiwan Urges China: Halt "Destructive" Military Actions
Taiwan's defense ministry reported a surge in Chinese military activities, spotting 103 aircraft crossing the Taiwan Strait's median line. The ministry warned of escalating tensions due to these "destructive, unilateral actions" by China. Urging Beijing to "take responsibility and immediately stop" such actions, Taiwan emphasized the shared responsibility for peace and stability in the region.
Source: X (Twitter)
🙏 Unity Apologizes for Install Fee Policy, Promises Changes
Unity is reconsidering its 2024 policy to charge $0.20 per game install after major backlash. They clarified only "net new installs" would incur fees, but developers like Facepunch Studios opted to abandon Unity. Following severe pushback and a credible death threat, leading to office closures, Unity stated, "We apologize for the confusion and angst... We will be making changes."
🌌 Northern Lights Possible in U.S. Due to the Solar Storm on Tuesday
An impending geomagnetic storm, caused by a coronal mass ejection from the sun on September 16, may display northern lights as far south as Colorado and Missouri on Tuesday, September 19. Dr. Ryan French noted, “This filament will likely arrive at Earth in a few days' time, hopefully producing a great aurora show!” Optimal viewing requires clear, dark skies away from light pollution.
🏈 Ex-NFL Player Sergio Brown Missing, Mother Found Dead in Illinois Creek
Former NFL player Sergio Brown is missing in Illinois, and his mother, Myrtle Brown, was found dead in a homicide investigation. "It’s not normal for my sister to not answer her phone," said Sheila Simmons, Myrtle's sister. Sergio played for teams including the Patriots and Bills, last featuring in the NFL in 2016.
🌟 Actor Billy Miller, of The Young and the Restless and General Hospital, dies at 43
Emmy-winning actor Billy Miller, renowned for "The Young and the Restless" and "General Hospital," died at 43, grappling with manic depression. Celebrated for his role as Billy Abbott, Miller's "infectious charm and warmth" was recalled by co-star Eileen Davidson. "The Young and the Restless" expressed their mourning, saying he "graced Y&R with his talent for many years."
📰 Chris Rock Seeks Counseling Following Oscars Slap, Reveals Leslie Jones
Chris Rock, after being slapped by Will Smith at the 2022 Oscars, sought counseling with his daughters, as revealed by close friend Leslie Jones who termed the event as “humiliating.” Smith, despite his later Oscar win, did not publicly apologize to Chris Rock during his acceptance. In a Netflix special, Chris Rock responded to the incident by highlighting Smith's "selective outrage" and hinted at contentious rumors related to Smith’s wife.
Martin F-35 Lightning II performs a demonstration flight at the Paris Air Show in 2017., Source- CNN
🔍 Military Scours South Carolina for F-35 Jet, Pilot Ejects After Mishap
A missing F-35B jet near Charleston, South Carolina has prompted a military search after its pilot safely ejected following a "mishap." Located last between Lake Moultrie and Lake Marion, the aircraft belongs to the Marine Fighter Attack Training Squadron 501. Joint Base Charleston seeks public assistance and urges cooperation in ongoing efforts.
📜 California Governor to Enact Groundbreaking Climate Disclosure Law
California's Governor Gavin Newsom will sign a groundbreaking law requiring companies with over $1 billion in annual revenue to disclose their greenhouse gas emissions. Influencing potentially wider standards due to California's economic prominence, the law is praised by climate advocates but criticized by opponents like the California Chamber of Commerce. Newsom declared: “Would I cede that leadership... No, I will not.”
🌐 WHO Urges China to Grant Full Access to Covid Investigators: Report
Director-General of WHO, Tedros Adhanom Ghebreyesus, Beijing for more clarity on COVID-19's origins, stating, "We're pressing China to give full access.". While a 2021 report leaned towards animal transmission, Tedros is rallying global support and urging Beijing's transparency. As vaccines advance, the Northern Hemisphere's autumn sees new virus variants emerging.
🦠 California Woman Loses All Four Limbs after Eating Contaminated Tilapia Fish
After consuming undercooked tilapia, California's Laura Barajas became a four-limb amputee due to a suspected vibrio vulnificus infection. Anna Messina, her friend, highlighted, “It’s terrible. This could’ve happened to any of us.” The CDC warns of 80,000 annual cases from the risks of raw fish and open wounds in coastal waters. A GoFundMe to aid Barajas has raised over $20,000.
Source- Britannica
On 18 September 1970, Jimi Hendrix, born James Marshall Hendrix in Seattle, Washington, U.S. on November 27, 1942, tragically passed away in London, England. He was an iconic American rock guitarist, singer, and composer who revolutionized the electric guitar by blending elements of blues, jazz, rock, and soul with innovative techniques inspired by British avant-garde rock. His untimely death was attributed to a barbiturate overdose.
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