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Powerball Jackpot Soars to $1.73B
🤳10th Oct 2023 | Oregon's $5.6B Record Tax Kicker, Federal Reserve Considers Leaving Rates, WhatsApp to Enable Secret Code Search, and more!
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🚀 Oregon's $5.6B Record Tax Kicker Amidst Revenue Surplus
Oregon announces a record $5.6 billion "kicker" income tax credit, deemed "the largest in state history" by the Office of Economic Analysis. Typical recipients can expect a $980 credit on 2023 tax returns, conditional upon 2022 tax filing and pre-credit tax due. The surplus, prompted by robust post-pandemic recovery and corporate taxes, will be distributed according to state law since revenues exceeded projections by at least 2%.
📈 Federal Reserve Considers Leaving Rates Amid Bond Yields Spike
Federal Reserve officials, including Philip Jefferson and Lorie Logan, indicated that rising long-term interest rates might deter further immediate hikes by the Fed. With the 10-year U.S. Treasury note yield reaching a 16-year high of 4.8%, Logan highlighted, "If long-term interest rates remain elevated, there may be less need to raise the fed funds rate," reflecting a potential pause in the Fed's recent pattern of rate elevations.
🛑 Israel Seals Gaza Border, 1,500 Terrorists Found Dead Inside Israel
The Israel Defense Forces (IDF) reports the Gaza border was sealed following a harrowing invasion by Hamas, with over 1,000 Israelis killed or kidnapped, and 1,500 terrorist bodies found in Israel. Prime Minister Netanyahu condemns Hamas, equating their cruelty to ISIS, stating, "This war was imposed upon us by a despicable enemy." As the U.S., mourning 11 American casualties, sends urgent military aid.
🤝 Schumer and U.S. Senators Engage with China's Xi in Diplomatic Effort
In a bid to stabilize U.S.-China relations, Senate Majority Leader Schumer and a bipartisan team engaged with President Xi Jinping in Beijing, prioritizing "peaceful coexistence" and frank dialogues. Schumer pressed China for a bolder stance on Hamas' Israel aggression and highlighted "cooperation and fair competition" as a foundational pathway to navigate and resolve bilateral issues and disputes.
🌡️ Global Warming May Make Some Areas Uninhabitable
Research from Penn State and Purdue reveals a potential health crisis as billions, notably in Pakistan and India’s Indus River Valley, eastern China, and sub-Saharan Africa, may face intolerable heat if global temperatures rise 1°C. Daniel Vecellio starkly illustrates: "If temperatures continue to rise, we will live in a world where...billions of people are trying to migrate because their native regions are uninhabitable,” underscoring the urgent, global concern.
Source- wabetainfo
🔒 WhatsApp to Enable Secret Code Search for Locked Chats
WhatsApp is developing a "secret code" feature, allowing users to find locked chats by typing a code or emoji into the search bar, according to a leak spotlighted by WABetaInfo. Enhancing cross-device privacy, locked chats will also be concealed on Companion devices. Although under development, the feature is not anticipated to be publicly released before the year’s end.
💻 Intel hints at 2024 Windows update amidst Windows 12 buzz
Intel's CFO David Zinsner anticipates a 2024 boost with a "Windows refresh", noting an aging PC base might drive upgrades. "We think next year may be the start of that given the Windows catalyst,” he stated. Leaks hint at "Windows 12", and Intel's upcoming Meteor Lake chips feature AI coprocessors, matching Microsoft's growing focus on AI.
Source- Twitter
📜 WGA Members Seal New Deal with Hollywood Studios
The Writers Guild of America (WGA) concludes a pivotal strike, with 99% of members ratifying a new contract through May 2026, ensuring "meaningful gains and protections" for writers, asserts WGA West President Meredith Stiehm. Concurrently, "The Drew Barrymore Show" writers abstain from returning, while actors union SAG-AFTRA’s negotiations continue, with WGA pledging to walk "side-by-side with SAG-AFTRA in solidarity" until a fair deal for actors is achieved.
🎵 Coldplay Sues Ex-Manager Over Spiraling Tour Costs
Coldplay and ex-manager Dave Holmes clash in a legal feud, each lodging multimillion-pound claims against the other. Holmes seeks £10m for "unpaid commission" on upcoming albums, while the band counters for £14m, alleging Holmes mishandled tour funds and unethically secured $30m loans from Live Nation. A spokesperson defended Holmes, emphasizing, "Coldplay...need to pay Dave what they owe him," amid accusations of "nonexistent ethical lapses" and "made-up misconduct".
Source- The Guardian
🔥 US to Experience Rare 'Ring of Fire' Solar Eclipse Saturday
Residents and visitors from Oregon to Texas are set to witness a mesmerizing "ring of fire" solar eclipse soon, with a subsequent total solar eclipse spanning 13 US states in a future occurrence. NASA stresses: “It is never safe to look directly at the sun without proper eye protection.” These astronomical phenomena will not only captivate observers but also enhance tourism and furnish critical opportunities for scientific exploration into sun-Earth dynamics.
🚀 Powerball Jackpot Soars to $1.73B with No Monday Night Winners
The Powerball jackpot has soared to a staggering $1.73 billion after remaining unclaimed for 35 consecutive drawings, marking it the second-largest prize in the game's history. A Californian last snagged a jackpot of $1.08 billion on July 19, establishing the first instance in Powerball history where billion-dollar prizes will be won back-to-back. With a 1 in 292.2 million chance to claim the grand prize, the next draw awaits eagerly tonight.
📉 Americans Over-Hoarding Cash Amid Recession Fears
Amidst recession fears, an Allianz Life study shows 54% of Americans are excessively hoarding cash, potentially losing out in the long term. "Money kept in cash...isn’t keeping up with the rising cost of living," warns Kelly LaVigne of Allianz Life. Experts advise maintaining 6-12 months of emergency funds and adhering to established long-term investment plans, ensuring financial strategies remain robust during economic fluctuations.
Source- Britannica
On October 10, 1845, the United States Naval Academy (also known as USNA or Navy) was established in Annapolis, Maryland, and dedicated to educating midshipmen for officer roles in the U.S. Navy and Marine Corps. Nestled on a 338-acre historic campus, famously referred to as "the Yard.
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