Recession Risk Reduced to 15%

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📉 Goldman Sachs: Recession Risk Reduced to 15%

Goldman Sachs has thrice revised its US recession forecast, now predicting a 15% chance within the next year, notably lower than Bloomberg's 60%. Citing positive labor and inflation data, chief economist Jan Hatzius believes the US will sustain 2% growth through 2024, stating, "The economy has continued to be pretty resilient... Job growth is still pretty significant."

🛢️ Oil Surges to $90 in 2023 as Saudi Arabia & Russia Extend Cuts

Oil prices surpassed $90/barrel as Saudi Arabia and Russia prolonged their production cuts to December. Originally a temporary reduction, Saudi's 1 million/day cut, and Russia's 300,000 /day cut may stoke global inflation fears as the two of the world’s largest oil producers boost prices despite much of the world grappling with higher energy costs.

🇮🇳 G20 invite for "Bharat" stirs India name change rumors

India's G20 summit invitation using "Bharat" instead of "India" sparks speculation about an official name shift under PM Modi's government, known for erasing colonial traces. Opposition leader Shashi Tharoor urges: “We should continue to use both words rather than relinquish our claim to a name redolent of history", but supports the historical "Bharat" over "India".

🇬🇧 UK Designates Russia's Wagner Group as Terrorist Organization

The UK is designating the Russian mercenary group, Wagner, as a "terrorist" organization, enabling asset seizures. This move addresses Wagner's threats to UK nationals and global security. Home Secretary Suella Braverman labeled Wagner a "military tool of Putin’s Russia" and a "global security threat." Opposition's David Lammy welcomed the decision, pressing for further action against Putin.

📱 Google Unveils Fresh Android Logo with 3D Robot

Google has revamped its Android logo and 3D bugdroid mascot, aiming for a dynamic and versatile representation. The updated "Android" logo now sports a capitalized "A" in a rounder font. New AI-enhanced features bolster accessibility in the Lookout App and offer timely info via the "Assistant at a Glance" widget. Android 14 is set to debut this fall.

📢 U.S. Copyright Office Seeks Public Input on AI

The U.S. Copyright Office is examining AI's role in copyright law, seeking public insights on AI training, copyrightability, and AI-generated content's authorship. A focal issue is copyright liability for AI-created content. The study will inform Congress, guide regulations, and provide judiciary insights. Comments are due by October 18, 2023, with follow-up replies by November 15, 2023. This mirrors wider U.S. governmental scrutiny of AI in policy and governance.

💔 Joe Jonas filed for divorce from Sophie Turner

Joe Jonas has filed for divorce from Sophie Turner in Florida, citing the marriage as "irretrievably broken." The duo, parents to two daughters, began dating in 2016 and wed in both Las Vegas and France. Jonas seeks shared custody and they have a prenuptial agreement.

🎾 Tiafoe & Shelton: Historic First US Open Quarterfinal Between Black Men
20 years after Andy Roddick's US Open win, Ben Shelton, a 20-year-old star from Atlanta, bested Frances Tiafoe in a historic quarter-final where both Black American men reached the last eight. After his win, Shelton said, "This is the greatest moment on the tennis court of my life." He's set to challenge Novak Djokovic in the semi-finals.

🕹️ Grand Theft Auto 6 Rumored Price: $150 at Launch

The leaked 2022 conversation reveals Grand Theft Auto 6's development since 2014, costing Rockstar over $2 billion. The game may debut at $150, causing unrest among gamers used to $70 tags. Rockstar's leak clampdown suggests authenticity. "If the $1-2 billion mark is correct... we know those Shark Card microtransactions were being put to good use." Release details are yet to be known.

🌀 Tropical Storm Lee to Strengthen into a Category 4 Hurricane with 145+ mph Winds

Tropical Storm Lee, forming in the Atlantic, is predicted to intensify rapidly into a Category 4 hurricane due to "record-warm waters." The National Hurricane Center states: "It is becoming a question of when, not if, rapid intensification occurs with Lee." While current models hint at Lee veering north and sparing the U.S., past hurricanes have deviated. This year marks an unusually active hurricane season.

🚨 Proud Boys' Leader Enrique Tarrio Sentenced to 22 Years for Jan. 6 Sedition

Enrique Tarrio received a 22-year sentence for masterminding a plot to retain Trump's power after his 2020 defeat, even though he wasn't present during the Capitol assault, marking the severest penalty related to the event. Pleading for leniency, Tarrio stated he had no intent to alter election results. Judge Timothy Kelly stressed, "It can’t happen again," highlighting the need to deter future political violence.

📚 4M Join Biden's SAVE Student Loan Plan as Payments Resume

Over 4 million have enrolled in Biden’s SAVE plan, set to ease student loan payments based on monthly earrings and family size starting October after the pandemic pause. This income-based initiative won't let unpaid interest accrue on full payments. Following the Supreme Court's rejection of Biden's $20,000 debt relief per borrower, the income-based SAVE plan was introduced, with a 10-year cost of $475 billion.

On September 6, 1901, U.S. President William McKinley was fatally shot by anarchist Leon Czolgosz at the Pan-American Exposition in Buffalo, New York. McKinley, the 25th President of the United States (1897–1901), succumbed to his wounds eight days later.

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