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Tragic End for U.S. Dollar?
🤳21st Sept 2023 | U.N. Chief Urges Climate Action, Apple's 20-Year Sole Reign, Fire TV Gets AI Boost, Taylor Swift's gets 13,000 voters every half hour, and more!
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Shaded areas indicate U.S. recessions, Source: Federal Reserve
📉 Federal Reserve Maintains 22-Year High-Interest Rates, Plans '23 Hike
The Federal Reserve retained interest rates at 5.25%-5.5%, hinting at a future hike to reach a 2% inflation target. While 12 FOMC members foresee another hike this year, seven disagree. Fed Chair Powell stated, "Broadly, stronger economic activity means we have to do more with rates," emphasizing the risks of unchecked inflation to the economy.
🔮 Economist Predicts Tragic End for U.S. Dollar in BRICS
The BRICS and ASEAN are shifting from the US dollar to local currencies due to rising debt concerns. Economist Peter Schiff warns, "As our trading partners move away from the dollar... it's going to have a tragic ending," anticipating a US dollar and sovereign debt crisis. This comes amid the Federal Reserve's rate hikes and dollar printing criticisms.
United Nations Secretary-General António Guterres,Source- AP
🌍’ Humanity has opened the gates of hell': U.N. Chief Urges Climate Action
At the UN Climate Summit, Secretary-General Guterres warned "humanity has opened the gates of hell" due to insufficient climate actions, noting an alarming "emissions gap". While major emitters like the US and China were absent, states like California took center stage. Guterres urged richer nations to target net-zero emissions by 2040, decrying the "naked greed of entrenched interests raking in billions from fossil fuels."
🛑 Poland Halts Weapon Shipments to Ukraine Amid Grain Import Dispute
Poland halts weapon supplies to Ukraine amid tensions over a grain import ban. Poland, Hungary, and Slovakia intend to defy the EU's plans to lift the ban, sparking protests and legal action from Ukraine. Polish PM Morawiecki said, “We no longer transfer weapons to Ukraine because we are now arming Poland,” while Ukraine's President Zelensky criticized European allies, hinting at aiding Russia: "They are helping set the stage to a Moscow actor."
🍏 Apple's 20-Year Sole Reign in American Satisfaction Index Ends
After two decades of Apple's undisputed dominance in the personal computer category, the 2023 American Customer Satisfaction Index (ACSI) report brought a surprise as Samsung has now joined Apple in a tie for the top spot with both scoring 83 points. This marks a significant shift from Apple's longstanding sole leadership, signaling a notable change in customer satisfaction trends.
🚀 Amazon Elevates Alexa and Echo Devices
Amazon's latest tech event showcased exciting updates, including a future Alexa version powered by generative AI for human-like interactions, aiming to make interactions with Alexa feel more natural and conversational. The Echo lineup received a boost with the redesigned Echo Show 8, Echo Hub for smart home control, and the kid-friendly Echo Pop Kids speaker.
🔥 Amazon Upgrades Fire TV with AI Features and Introduces eero Max 7
Amazon has unveiled upgrades to its Fire TV, introducing AI features boasting a generative AI-driven voice search. The Fire TV Stick 4K Max promises enhanced performance, Wi-Fi 6E support, and improved audio. Additionally, Amazon introduced the eero Max 7, its first Wi-Fi 7 mesh system, offering faster speeds and lower latency, ensuring seamless connectivity for its users.
Source- Twitter
🎬 Hollywood Studios and Writers Close to Ending Strike, Aiming to Finalize Deal
The Writers Guild of America (WGA) strike, affecting shows like Netflix's "Stranger Things", is nearing resolution after over 100 days. The WGA seeks improved compensation in the streaming era and staffing regulations. If unresolved, the strike could extend through year-end. Warner Bros. Discovery CEO, David Zaslav, emphasized the industry's focus: “We need to... get people back to work… in a way that’s really fair.”
📢 Taylor Swift's call to action registers 13,000 voters every half-hour!
Taylor Swift's call to her 232 million Instagram followers spurred a record influx to Vote.org, with 13,000 users every 30 minutes. Nick Morrow of Vote.org tweeted about her influence, stating her "reputation for being a mastermind is very well-earned." Swift, previously politically quiet, started endorsing Democrats in 2018, crediting the Trump era for her activism.
🌟 Arsenal Stages Epic 4-0 Comeback in 6-Year Return to Glory
In their first Champions League appearance in six years, Arsenal celebrated with a 4-0 victory over PSV Eindhoven at the Emirates Stadium. Reflecting on the charged atmosphere, manager Mikel Arteta commented, "The journey started last year when we earned the right to be in this competition," emphasizing the club's commitment to staying at this elite level.
Source- AP/Lary Baraham
🏛️ Zambia Discovers World's Oldest Wooden Structure
Archaeologists unearthed a 476,000-year-old wooden structure near Zambia's Kalambo Falls, suggesting early human ancestors had greater cognitive abilities than believed. Larry Barham highlighted its significance, saying the find indicates these ancestors may have been less nomadic, and their "use of wood... suggests the cognitive ability... was greater than... based on stone tools alone." The structure likely belonged to Homo heidelbergensis.
🏳️🌈 Pentagon Aims to Reinstate Benefits for LGBTQ+ Veterans Affected by 'Don't Ask, Don't Tell'
The Pentagon is reaching out to former service members discharged due to their sexual orientation, especially under the "Don’t Ask, Don’t Tell" policy (1994-2011). Over 32,837 have been impacted since 1980, with 2,000+ potentially denied veteran benefits. Deputy Defense Secretary Kathleen Hicks remarked, “Correcting these records cannot fully restore the dignity taken... but this is another step to do right by those who served honorably.”
🇻🇪 DHS Grants Work Permits, and Protection to 470K+ Venezuelan Migrants
The Biden administration is extending work permits and protections to Venezuelan migrants in the U.S., including unauthorized arrivals, amid a border surge. They've redesignated Venezuela's Temporary Protected Status, potentially benefiting 472,000 nationals. Critics argue it could act as a "pull" factor, with Customs and Border Protection sources cautioning that this decision may exacerbate the border situation.
Source- Britannica
On September 21, 2004, Green Day released "American Idiot." In 2005, it won a Grammy for Best Rock Album, earned six other Grammy nominations, and propelled the band to victory in seven out of eight categories at the MTV Video Music Awards. The album later became a rock opera.
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