Inflation Hits 3 Year Low

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BUSINESS & ECONOMY

📉 Yearly Inflation Hits 3 Year Low

Year-over-year inflation dropped to 2.9% in July 2024, the lowest level since March 2021. Consumer prices increased by 0.2% from June, following a previous decline. This easing, primarily due to stabilizing rental and housing costs, suggests the Federal Reserve might cut interest rates in September.  Fed Chair Jerome Powell stated, “It’s just a question of seeing more good data.”

🚀 Schumer Confident on Bipartisan Crypto Bill Passage This Year

At the “Crypto4Harris” event, Senate Majority Leader Chuck Schumer expressed confidence in passing a bipartisan crypto bill this year. He, along with Mark Cuban, Senators Gillibrand and Stabenow, and other Democrats, endorsed Vice President Kamala Harris's presidential bid while pushing for effective crypto regulation to reframe the party as pro-crypto. Schumer stated, “Crypto is here to stay no matter what. So Congress must get it right.”   

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WORLD

🚨 Thailand's PM Srettha Thavisin Ousted by Court Ruling

Thailand's Constitutional Court removed Prime Minister Srettha Thavisin from office on August 14, 2024, citing a breach of ethical standards for appointing Pichit Chuenban, a lawyer with a prior criminal record. The court determined Srettha was "well aware" of Chuenban's integrity issues. Over two decades, numerous lawmakers and parties have been banned, and Srettha is the fourth premier in 16 years to be ousted by the court.

🚨 Health Ministry Reports Over 40,000 Killed in Israel-Gaza Conflict

More than 40,000 Palestinians have been killed in Israel’s military campaign in Gaza, according to the Health Ministry. This devastating toll since October includes civilians and combatants, with over 92,000 injured. The ongoing siege has hampered accurate counts. Dr. Mohammad Awad, a health official stated, “The chaos of war has made tracking casualties nearly impossible.”

SCIENCE & TECH

🤖 Apple Designing Robotics-Enhanced Display for Video Calls and Security

Apple is developing a robotic device with an iPad-like display, codenamed J595, designed for videoconferencing, home security, and smart home management. It features a robotic arm that adjusts the display to face users during calls. Controlled by Siri and Apple Intelligence AI, it’s expected to launch by 2026 or 2027 for about $1,000, reflecting Apple's push into robotics and AI. 

🦠 WHO Declares Monkeypox a Global Health Emergency

The World Health Organization has declared monkeypox a global public health emergency for the second time since 2022. This follows a severe outbreak in the Democratic Republic of Congo, with over 17,000 suspected cases and 500+ deaths reported this year. The new clade Ib variant is spreading rapidly, prompting the WHO to boost funding and research to contain the disease.

SPORTS & ENTERTAINMENT

🌟 "The Notebook" Star Gena Rowlands Dies at 94 

Gena Rowlands, renowned for her roles in independent films directed by her husband John Cassavetes, has died at 94. Known for her performances in A Woman Under the Influence and Gloria Rowlands passed away from complications related to Alzheimer’s disease. Her son, Nick Cassavetes, stated, "We lived it, she acted it, and now it's on us." 

🎬 Hollywood Union Secures Deal for AI Voice Replication in Ads

SAG-AFTRA announced a deal with Narrative on Wednesday, connecting advertisers and agencies with actors for AI-generated audio ads. Actors can license their voices, set rates, and ensure ads meet SAG-AFTRA’s minimum pay standards. Brands must obtain consent for each use. The agreement addresses concerns over AI misuse, with legislation like the NO FAKES Act aiming to make unauthorized voice replication illegal. 

OTHER NEWS

🗓️ Gov. Tim Walz to Join CBS News VP Debate on Oct. 1

Gov. Tim Walz has confirmed his participation in the vice presidential debate scheduled for Oct. 1, hosted by CBS News. However, Sen. JD Vance's involvement is uncertain as Trump's campaign has not yet confirmed. Vance is open to the date but wants to finalize debate terms. He stated, "Hopefully we're going to see him on October 1."

🚫 Judge Denies Trump’s Bid to Step Down from Hush Money Case

Manhattan Supreme Court Justice Juan Merchan has rejected Donald Trump’s request to step aside from the hush money case, which involves a $130,000 payment to Stormy Daniels. Trump’s lawyers argued that Merchan’s daughter’s past work for Democrats created a conflict of interest, but Merchan dismissed these claims as unsubstantiated. Sentencing is set for September 18.   

🛡️ Hackers Steal Social Security Numbers of All Americans

The hacking group USDoD breached National Public Data in April, stealing the personal records of 2.9 billion individuals from the U.S., Canada, and the U.K. The data, including Social Security numbers, names, and addresses, was initially sought for $3.5 million but is now available for free online. Experts advise freezing credit files to prevent identity theft.

THIS DAY THAT YEAR

On August 15, 1947, the Indian independence movement, spearheaded by Mahatma Gandhi, culminated in the establishment of a free and independent India. This historic day marked the end of nearly 200 years of British colonial rule, fulfilling the decades-long struggle for sovereignty.

BRAIN TEASER

A king, a queen, and two twins all lay in a large room. How are there no adults in the room?

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Here’s what Yesterday’s teaser was:

What has ten letters and starts with gas?

The answer is: Automobile

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