US Economy to Dodge Recession

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What's Hot? Former military intelligence officer, David Grusch, accused executive agencies of withholding information about Unidentified Anomalous Phenomena (UAP) or UFOs from Congress, during a House hearing. He reported a concealed "UAP crash retrieval and reverse-engineering program" and hinted at nonhuman aircraft origins. This sparked bipartisan calls for transparency, with Tennessee Republican Rep.

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💰 Fed Ups Interest Rates by 0.25%; Another Hike Predicted This Year

Federal Reserve increased interest rates to a 22-year high, marking the 11th hike since March 2022. Despite waning inflation, another hike is possible if economic growth continues to pressure prices, warns Fed Chair Jerome Powell, adding, "stronger growth could lead over time to higher inflation." This action might, however, soften labor conditions.

📈 US Economy to Dodge Recession, According to New CBO Projections

Despite higher interest rates and increased unemployment, the US economy will avoid recession, forecasts the Congressional Budget Office. The GDP is projected to grow at 0.4% annually in H2 2023, improving in 2024 and beyond. A resilient labor market and services sector continue to bolster the economy, with the odds of a recession in the next 12 months at 50% or less.

🌍 NATO Enhances Black Sea Security Following Russian Shipping Restrictions

NATO intensifies Black Sea monitoring in response to Russia's exit from a vital Ukrainian grain export deal. The NATO statement highlighted, "Allies and Ukraine strongly condemned Russia’s decision...," affecting global food security. The cancellation of this key agreement, crucial to alleviating a worldwide food crisis, directly impacts Africa, Asia, and the Middle East.

🗳️ Modi Set for No-Confidence Vote Amid Manipur Unrest

India's Parliament has greenlit a no-confidence vote against PM Narendra Modi, pushing him to address the ethnic violence in Manipur. As opposition member Raghav Chadha expressed, this move aims to "compel the Prime Minister...to respond to the issues raised by the people," despite the National Party's majority in the House.

🏥 AWS Debuts AI-Driven Healthcare Services

Amazon unveils AWS HealthScribe, an AI tool to transcribe and analyze doctor-patient conversations, facilitating healthcare documentation. It extracts relevant medical terms, and categorizes transcripts, but only supports general medicine and orthopedics currently. Despite concerns over generative AI biases, Amazon assures review options and data security. HealthScribe is "HIPAA eligible", a federal law that protects patients’ health information.

🔬 OpenAI, Google, Microsoft, Anthropic Establish AI Safety Forum

Major tech companies including OpenAI, Google, Microsoft, and Anthropic have launched the Frontier Model Forum to address AI safety. The initiative, aiming to "fulfill the promise of AI to benefit everyone," as stated by Google's Kent Walker, will enhance knowledge sharing, research, and secure information exchange on AI developments.

👨‍⚖️ Kevin Spacey Acquitted in Sexual Assault Case

Kevin Spacey, the Oscar-winning actor, was found not guilty in a London sexual assault trial involving allegations from four men. The jury's decision came after nearly a month of testimony and three days of deliberation. Spacey expressed gratitude for the verdict, thanking the jury for examining the evidence. The prosecution had argued that Spacey escaped consequences due to his celebrity status, using it to exploit his power.

⚽️ Mbappe Rejects €1bn Saudi Transfer; Paris Talks Abandoned

Paris Saint-Germain's forward, Kylian Mbappe, has reportedly rejected a record €300m transfer bid from Saudi Pro League club Al-Hilal, despite the offer of a €700m player deal. PSG believes Mbappe, whose contract expires in 2024, already plans to join Real Madrid on a free transfer next year. Notably, Mbappe is allegedly willing to spend a season benched at Parc des Princes rather than transferring to the Middle East.

🚒 NYC Crane Collapse: 12 Injured, Including 3 Firefighters and 9 Civilians - FDNY

A crane collapse in New York City led to twelve people, including nine civilians and three firefighters, being injured, all with non-life-threatening injuries. The incident occurred at a construction site where a fire broke out before the crane's boom collapsed, hitting a building across the street. Officials believe the fire weakened the crane's cabling, leading to the collapse. Investigations are underway to ascertain why the incident occurred.

🎥 McConnell Steered Off-Camera Following Freeze at Press Conference

Senate Minority Leader Mitch McConnell abruptly stopped speaking during a news conference due to feeling lightheaded, leading to concerns over his health. After briefly stepping away, he returned, confirming that he is fine and able to do his job. McConnell, 81, who had a fall and minor injuries earlier this year, joked about the incident later, stating that President Joe Biden had checked on him.

👨‍⚖️ Teenage Capitol Rioter, who Occupied Pence's Chair, Gets 1-Year Jail Term

Bruno Joseph Cua, a 21-year-old from Georgia, has been sentenced to one year in prison for assaulting a police officer and partaking in the storming of the U.S. Capitol in January 2021. Judge Randolph Moss stated that he had initially planned to give Cua a longer sentence, but after hearing his apology, reduced it. Cua was one of the youngest people charged in connection with the riot.

On July 27th, 1996, a pipe bomb exploded at the Atlanta Olympic Games, resulting in two deaths and 112 injuries. The actual perpetrator, Eric Rudolph, was identified and sentenced to multiple life terms in 2005, after initially wrongfully suspecting security guard Richard Jewell.

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