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Fast Food Prices Burdening Americans
🤳10th May 2024 | Trump dealing with Oil CEOs, OpenAI plans to introduce AI Search Engine, The Office' spinoff confirmed, Hailey and Justin Bieber Expecting, and more!
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BUSINESS & ECONOMY
🍔 Fast-food prices surge, burdening Americans.
The rise in fast-food prices is having a significant impact on Americans, prompting those mindful of their budgets to rethink their consumption habits. A recent survey conducted by consulting firm Revenue Management Solutions in January revealed that around a quarter of individuals earning below $50,000 annually are cutting back on fast food causing frustration among budget-conscious consumers.
📉 Social Security Funding Shortfall Expected in 2035, Delayed by 1 Year
Source - Valerie Macon | Afp | Getty Images
Social Security's trust funds are now projected to last until 2035, a year longer than expected due to increased contributions, a strong economy, low unemployment, and higher wages. 83% of benefits will still be paid then without Congressional action. Social Security Commissioner Martin O’Malley stated, “This year’s report is a measure of good news for the millions of Americans who depend on Social Security.”
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WORLD
✈️ Boeing 737 Skids Off Senegal Runway, Tire Bursts in Turkey
Source - Anadolu Agency
An Air Senegal Boeing B737-300 chartered by TransAir veered off the runway at Blaise Diagne International Airport in Dakar. With 85 passengers bound for Bamako, Mali, at least 10 sustained injuries. A video by Canal Afrique Media TV depicted the plane's rear catching fire shortly after it skidded off the runway.
🇮🇱 Netanyahu Asserts Israel's Self-Reliance Amid Biden's Arms Threat
Israeli Prime Minister Benjamin Netanyahu asserted Israel's self-sufficiency in defense amid U.S. warnings of potential military aid cuts. "If we have to stand alone, we will stand alone," Netanyahu stated. Daniel Hagari, the IDF spokesman, affirmed the IDF's readiness for planned operations, "including in Rafah," while President Biden's threat follows Israel's proposed ground invasion of Rafah in Gaza.
📈 UK's Economy Surges, Exiting Recession with Strongest Growth in Almost Three Years
Britain's economy saw its fastest growth in nearly three years in Q1 2024, exiting a recession. Prime Minister Rishi Sunak hailed the 0.6% GDP expansion, emphasizing the nation's resilience post-pandemic. Opposition Labour Party criticized the government's response, highlighting ongoing economic challenges. Rishi Sunak states, "This is a significant step, but challenges remain."
SCIENCE & TECH
🚀 OpenAI's AI-driven search engine to debut just ahead of Google I/O
OpenAI plans to introduce an AI search engine shortly before Google I/O 2024, challenging Google and Perplexity. This AI search engine, accessible within an AI chatbot interface, enables users to obtain answers supported by citations from diverse online sources, such as news, blogs, and Wikipedia. It will systematically cite sources in response to user queries.
🌟 Northern Lights Possible in U.S. Due to "Severe" Solar Storm
Source - NOAA
The Sun has unleashed strong solar flares, prompting a Severe (G4) Geomagnetic Storm Watch by NOAA, the first in 19 years. This could bring Northern Lights to parts of the U.S. this weekend. Back-to-back extreme coronal mass ejections (CMEs) have occurred, raising concerns about potential disruptions to satellites and communications. Auroras may be visible as far south as Alabama and Northern California.
SPORTS & ENTERTAINMENT
🔄 'The Office' spinoff confirmed!
Source - Getty Images
"The Office" spinoff is set to debut, led by Greg Daniels and Michael Koman. Featuring Domhnall Gleeson and Sabrina Impacciatore, it will delve into revitalizing a Midwestern newspaper. Executive produced by Daniels, Koman, Gervais, and Merchant, filming starts in July for Peacock where The mockumentary will follow a documentary crew with a fresh subject.
🏀 NBA suspends Patrick Beverley for fan altercations
Patrick Beverley of the Milwaukee Bucks received a four-game suspension from the NBA after throwing a basketball at fans during Game 6 against the Indiana Pacers. In the closing minutes, Beverley tossed a ball at a woman in the stands, then goaded another fan into throwing it back to him, only to launch it back at them. He also refused to answer questions from ESPN's Malinda Adams, citing her lack of podcast subscription.
👶 Hailey and Justin Bieber announce pregnancy, Flaunt Baby Bump
Source - Sean0 Zanni /Patrick Mcmullan VIA Getty Images
Hailey and Justin Bieber announced their pregnancy with matching Instagram posts. Married for over five years since their courthouse ceremony in 2018, the couple, Hailey at 27 and Justin at 30, eagerly await parenthood. A representative for Hailey Bieber confirmed to CBS News that the model is just over six months pregnant.
OTHER NEWS
✈️ Senate Passes Bill to Renew F.A.A. and Enhance Air Travel
Source - New York Times
The Senate approved a bill reauthorizing the F.A.A., allocating $105 billion for five years for safety improvements including air traffic controller recruitment, codifying airlines' and refund obligations. Senator Chuck Schumer stated, “Aviation safety has been front of mind... and this F.A.A. bill is the best thing Congress can do to give Americans the peace of mind they deserve.”
👀 Trump asks oil CEO $1 Billion for re-election campaign
At a recent meeting at his Mar-a-Lago estate, former President Donald Trump proposed a straightforward deal to top oil executives stating, “donate $1 billion for my re-election campaign, and I'll reverse President Biden's environmental policies”. He assured increased oil drilling leases in the Gulf of Mexico and criticized Biden's electric vehicle initiatives, labeling them as "ridiculous."
THIS DAY THAT YEAR
Source - Britannica
On May 10th, 1994, Nelson Mandela's inauguration as South Africa's president marked the triumph of his anti-apartheid struggle. His presidency, following imprisonment and a Nobel Peace Prize alongside F.W. de Klerk, symbolized hope and reconciliation for the nation.
BRAIN TEASER
What can you hold in your right hand, but never in your left hand?
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Here’s what yesterday’s teaser was:
What fastens two people yet touches only one?
The answer is - A Wedding ring
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