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Yale Study: "Actually, the Russian Economy is Imploding"
Following up on a discussion in the comments of yesterday’s Ukraine update, this diary contains links, intro, and main points from a July 2022 study of the Russian Economy by a group of authors from the Yale Chief Executive Leadership Institute; the...
Study says Russia's economy is collapsing amid stifling sanctions
The Russian economy is on the verge of collapse with the start of international sanctions, according to a report Yale University study released this
Lawsuit claims Skittles are made with 'known toxin' that is unsafe to eat
The candy-maker Mars responded that they don't comment on pending litigation. They say their use of titanium dioxide, complies with the FDA.
Lawsuit Claims Skittles Are Unsafe for Human Consumption
A civil lawsuit has been filed against Skittles alleging that the candies are unsafe for human consumption because ...
The possible supply of Iranian drones to Russia could have serious repercussions
Nicosia [Cyprus] July 18 (ANI): US National Security Adviser Jake Sullivan caused a sensation during a White House briefing on Monday when he said that, according to US information, the Iranian government was preparing to supply Russia with several hundred drones, including weapons-capable drones.
As Russia Runs Low on Drones, Iran Plans to Step In, U.S. Officials Say
The potential delivery of hundreds of Iranian drones would help the Kremlin replenish a fleet that has suffered steep losses in Ukraine.
Lapid: Israel will respond ‘quickly and forcefully’ to rocket fire from Gaza - I24NEWS
'All of us send a strong hug to the children in Israeli communities bordering the Gaza Strip' - Click the link for more details.
The Morning After Biden, Israel Gets a Reality Check From Gaza
The World Economy Is Imperiled by a Force Hiding in Plain Sight
Well more than two years into the worst pandemic in a century, the accompanying economic shock continues to assault global fortunes.
US plans $1.5 billion weapons sales to foreign allies
The US State Department approves $1.5 billion weapon sales to foreign allies, including the sale of High Mobility Artillery Rocket Systems to Estonia, missile to Norway and torpedoes to South Korea.
‘Shock’ Monkeypox Screw-Up Means We Now Face Two Pandemics
We’ve already let monkeypox spiral out of control. In order to prevent millions of infections, it is time to admit this is another pandemic.
US Struggles To Meet Monkeypox Vaccine Demand - Towleroad Gay News
Washington (AFP) - The United States, which is forecasting an increase in monkeypox cases in the coming weeks, does not currently have enough vaccines to meet
US food banks see long lines, increased demand
Food banks across the country are seeing a surge in demand once again as the U.S. feels the impact of record-high inflation. More than 53 million got aid in 2021.
Long lines are back at US food banks as inflation hits high
Long lines are back at outside food banks around the U.S. as working Americans overwhelmed by inflation increasingly seek handouts to feed their families
Watchdog: Secret Service erased text messages
The US Secret Service erased text messages from January 5 and 6, 2021, shortly after they were requested by oversight officials investigating the agency's response to the US Capitol riot, according to a letter given to the House select committee investigating the insurrection and obtained by CNN.
Secret Service deleted texts from Jan. 5 and 6, 2021, after watchdog sought records
An internal watchdog said Wednesday that the Secret Service deleted text messages from Jan. 5 and 6, 2021, after the records were requested.
Crypto lender Celsius Network reveals $1.19 bln hole in bankruptcy filing
Celsius Network listed a $1.19 billion deficit on its balance sheet in a bankruptcy court filingon Thursday, a day after the cryptocurrency lender filed for Chapter 11.
Celsius Bankruptcy Filing Shows $1.2 Billion Hole in Its Balance Sheet - Decrypt
The $1.2B gap between Celsius's assets and liabilities stems from "certain poor asset deployment decisions," said its bankruptcy filing.
Housing Shortage Spreads Across US, Becoming Coast-to-Coast Crisis
New analysis shows deficits surging just before the pandemic, even in areas that had few supply challenges a decade ago.
The Real Housing Market Crash Repeat Is Happening in Crypto
A potential housing market crash won't look anything close to 2008, but the crypto crash happening now bears a resemblance.
4,000 beagles will need new homes after rescue from mistreatment at Virginia breeding facility
Mortality records showed over 300 puppy deaths from Jan. 1, 2001, to July 22, 2021, at the facility that were attributed to unknown causes.
The Humane Society of the United States embarks on a historic operation involving the transfer of approximately 4,000 beagles from the Envigo facility in Cumberland, Virginia
US inflation surges again in June, raising risks for economy
U.S. inflation surged to a new four-decade high in June because of rising prices for gas, food and rent, squeezing household budgets and pressuring the Federal Reserve to raise interest rates aggressively -- trends that raise the risk of a recession.
US inflation hit 40-year high in June, driven by record gas prices
Inflation was sharply higher in June, according to new inflation data from the Bureau of Labor Statistics.
Fauci says past Covid infection does little to protect against new variant
‘Omicron as a broad category has been particularly problematic,’ Dr Anthony Fauci said during a White House briefing on Tuesday
Fauci admits that COVID-19 vaccines do not protect 'overly well' against infection
White House chief medical adviser Dr. Anthony Fauci expounded on COVID-19 vaccines' efficacy and breakthrough COVID infections Tuesday on "Your World."
Public service video telling New Yorkers how to survive nuclear attack sparks concern
NYC residents are accustomed to warnings about all kinds of potential threats, including severe weather, public health, and mass shootings - but officials insisted the latest advice was not alarmist.
PSA on nuclear attack leaves New Yorkers worried, baffled
NEW YORK: New York City residents are accustomed to warnings about all kinds of potential threats - severe weather, public health, mass shootings. But a new PSA on surviving a nuclear attack has rattled some cages. Released this week by the city’s emergency management agency, the 90-second vide
Another interest rate hike likely this month, Fed minutes show
The latest Federal Reserve minutes show another 75 basis point rate hike could be on the way in July as the Fed combats decades-high inflation.
U.S. bank profits to tumble on higher bad loan reserves
Second quarter profits at big U.S. banks are expected to fall sharply from a year earlier on increased loan loss reserves, as the pandemic recovery gives way to a possible recession.
Consumers' inflation expectations hit record high
Consumer expectations for prices to continue rising over the next year increased to the highest level on record, according to the latest Survey of Consumer Expectations from the Federal Reserve Bank of New York, released on Monday.
Near-term inflation expectations hit record high, New York Fed survey shows
Consumers' inflation expectations over the next year hit record highs, though the outlook over the longer term grew a little more optimistic.
Europe’s Worst Energy Nightmare Is Becoming Reality
Russian outages and record-high prices threaten a “winter of discontent.”
Europe Is Edgy About Russian Gas Supplies. Citi Warns a Total Cutoff Could Drive a Recession.
Russian energy giant Gazprom is reducing supplies to both Austria and Italy, the countries said Monday.
Stock futures decline as Wall Street looks ahead to the start of earnings season
Investors brace for reduced forward guidance this earnings season as companies grapple with rising interest rates and rapid inflationary pressures.
Futures fall with investors wary ahead of earnings
(Reuters) - U.S. stock index futures fell on Monday, bracing for the start of the earnings season which could see profits come under pressure at a tim...
World population to reach 8 billion this year, as growth rate slows
15 November 2022 is predicted to be the day that the global population reaches eight billion. The projection is revealed in the UN’s World Population Prospects 2022 report, which also shows that India is on course to surpass China as the world’s most populous country in 2023.
World population to peak and decline sooner than previously thought
The latest update of the UN’s World Population Prospects confirms we are now in sight of a time when the human population will cease to grow and be in ongoing decline.
Iran to send hundreds of drones to Russia for use in Ukraine, U.S. says
White House: Iran set to deliver armed drones to Russia
WASHINGTON (AP) — The White House on Monday said it believes Russia is turning to Iran to provide it with “hundreds” of unmanned aerial vehicles, including weapons-capable drones, for use in its ongoing war in Ukraine .
China factories are feeling some heat as U.S., Europe demand slows
Softening demand is the latest threat to world trade, after two years of supply chain disruptions.
"Greedflation": Is corporate profit-taking driving prices higher?
Two commonly-accepted aspects of economics that determine prices are supply and demand. But some say a third factor is companies exploiting our present chaos, stirred by war and pandemic, in the pursuit of increased profits.
Ukraine War Pushes Millions of the World’s Poorest Toward Starvation
Malnutrition wards in Somalia are overflowing, with children bearing the brunt as prices of food staples surge since Russia’s invasion of Ukraine.
US tells China its support for Russia complicates relations
U.S. Secretary of State Antony Blinken has told his Chinese counterpart that China's support for Russia's war in Ukraine is complicating U.S.-Chinese relations at a time when they are already beset by rifts and enmity over numerous other issues.
Leaked documents reveal Uber's secretive relationship with top politicians
Leaked documents show Uber's relationship with top European politicians, including French President Emmanuel Macron while he was serving as minister of the economy.
Uber Files: Massive leak reveals how top politicians secretly helped Uber
Emmanuel Macron is among leaders who helped the ride-hailing company disrupt new markets.
The economy is experiencing something not seen in decades, economist says
On Friday, a report showed the U.S. added another 372,000 jobs in June.
US will plunge into recession — but it didn't have to, former IMF chief economist says
It's "almost impossible" for the Fed to tamp down inflation without tipping the US economy into a recession, says Former IMF Chief Economist Ken Rogoff.
Stocks could drop another 20% from here if a recession ensues, Wall Street gurus say
Top market gurus from Morgan Stanley's Mike Wilson to DataTrek's Nick Colas are warning of more severe sell-offs from here if an economic downturn arrives.
Nobody likes self-checkout. Here's why it's everywhere | CNN Business
Why has this problematic, unloved technology taken over retail?
Putin Is Set to Halt Gas and Germany Fears It’s Not Coming Back
Maintenance on a critical pipeline to Europe is an opportunity for the Kremlin to further squeeze the continent.
Russia Can Send Gas Prices Through the Roof to ‘Stupid-Scary’ Highs, Says JP Morgan - AMAC - The Association of Mature American Citizens
WASHINGTON, DC, July 8 -- Reports in advance of the Fourth of July weekend showed that the price of gas had been dropping -- albeit by pennies
Wild species relied on by billions at risk, report warns
Members of the Deni Indigenous people work during the arapaima fishing season in the Jurua river basin in the Brazilian Amazon, on Sept. 15, 2021. One out of five people
The UN says we're pushing more than a million species to extinction
Climate change, pollution and deforestation are pushing a million species towards extinction. Here's what we can do to help.
Data shows COVID up in at least 20 states
COVID-19 cases are on the rise again.
New York Cuts Back Covid Testing Amid U.S. Summer Surge in Cases
New York City is scaling back on Covid-19 testing sites despite omicron subvariants that are driving a nationwide rise in new case and hospitalization rates.
ADC Therapeutics cuts deal with Sobi to broaden reach of cancer drug
The alliance comes on the heels of a change in leadership at ADC and will help ready the biotech to launch its lymphoma drug in Europe.
'How are you supposed to live?' Some cancer patients skip medications over sky-high cost
1 in 3 Americans on Medicare who don’t qualify for subsidies don’t fill their prescriptions for their cancer drugs, research finds.
Feds wave red flag over Maui ransomware
Malware with manual twist and North Korean connection poses threat to healthcare providers.
US Says North Korean-Backed Hackers Targeting Health Care Sector With Ransomware
North Korean state-sponsored cyber actors have been targeting hospitals and healthcare facilities in the United States with ransomware since May last year.
Ford recalling 100,000 vehicles over fire risks, expands previous call back
The new recall covers certain 2020 through 2022 model year Ford Escape, Maverick and Lincoln Corsair vehicles with 2.5-liter Hybrid/Plug-In Hybrid engines.
BofA Says Recession Fears Prompt Investors to Dump Stocks Again
Investors are hoarding cash and hiding in US Treasuries as they dump equities amid fears that the US economy is headed for a recession.
‘I’m out millions of dollars’: Thousands of crypto investors have their life savings frozen as Voyager files for bankruptcy protection
“You know, it's embarrassing," well-known crypto podcaster Scott Melker tells Fortune. "I'm a person who talks about risk management and protecting your assets, but I was arguably, in hindsight, overexposed."
Former FDIC Regulator On What Comes Next In The Agency’s Investigation Of Bankrupt Crypto Brokerage Voyager Digital
After filing for Chapter 11 bankruptcy earlier this week, the FDIC announced that it is investigating Voyager Digital over misuse of the FDIC logo and misleading its customers to believe their funds were insured by the agency.
The Decline Of The American Work Ethic Will Exacerbate The Recession
Americans have clearly gotten used to not working and have chosen to live off the pandemic welfare that remains rather than return to the workforce.
Low Unemployment Won’t Save This Economy
The labor market is still running hot, even after the Federal Reserve has been trying its hardest to slow things down.
"Brain-eating amoeba" that closed Iowa beach is as rare as it is fatal
According to the CDC, out of the 154 known cases from 1962 to 2021, only four people have survived — that's a fatality rate of over 97%.
Neurologist talks dangers, prevention of rare infection from brain-eating amoebas
There are steps you can take to protect yourself in the water.
This New ‘Ninja’ COVID Variant Is the Most Dangerous One Yet
The BA.5 subvariant can slip past the body’s defenses easier than any of its predecessors.
BA.5 most dominant U.S. variant; poses threat to immune protection
ONONDAGA COUNTY, N.Y. (WSYR-TV)– The newest version of Omicron is also the new dominant strain in the United States, accounting for over half of the country’s new COVID-19 cases. …
The U.S. May Be Losing the Fight Against Monkeypox, Scientists Say
Longstanding weaknesses in the public health system are giving the virus a chance to become entrenched.
Biden admin snafu leaves 1 million monkeypox doses in Denmark
The US government spent at least $2 billion developing and manufacturing the vaccine for the national stockpile.
GameStop stock slumps after CFO exit, looming layoffs (NYSE:GME)
GameStop (GME) gave back some gains from a surge on Thursday as the retailer is reportedly parting ways with its CEO and significantly reducing overall headcount.
GameStop fires its CFO and looks to cut staff
GameStop has fired its chief financial officer and is preparing to make cuts to its staff.
Putin challenges West to fight Russia on the battlefield: ‘Let them try’
In televised remarks to parliamentary leaders, Putin pushed back on the idea that Russia has let the invasion drag on for too long, saying it hadn’t “even really started anything yet.”
Putin Warns Russia Is Just Getting Started in Ukraine | National Review
‘Everyone should know, that largely speaking, we haven’t yet started anything serious in Ukraine,’ Putin said while speaking to members of parliament.
China demands U.S. end military 'collusion' with Taiwan
China has demanded the U.S. cease military "collusion" with Taiwan during a virtual meeting between the joint chiefs of staff from the two sides.
Pentagon official warns that China is acquiring new weapons five times faster than US
Air Force Maj. Gen. Cameron Holt says China is getting new weapons “five to six times” faster than the U.S. in speech about challenges the defense industry faces.
"Looming catastrophe": Global hunger is on the rise
It's not just due to the pandemic.
Record number of people worldwide are moving toward starvation, U.N. warns
The spike in food, fuel and fertilizer prices sparked by the war in Ukraine is threatening to push countries around the world into famine, a U.N. official warns.
U.S. and UK warn local governments, businesses of China's influence operations
China uses personal, business and political relationships to gather information and influence actions. U.S. and UK government agencies urge caution.
FBI and MI5 call out China for sponsoring cyber threats
The FBI and MI5 have issued a joint statement, sternly calling out China for its interference in other countries through digital means. They have also asked western tech companies to stay vigilant.
WHO To Consider Again Whether Monkeypox Outbreak Is Public Health Emergency Of International Concern
As monkeypox cases continue to rise globally, the World Health Organization plans to reassess whether the outbreak constitutes a public health emergency of international concern.
Monkeypox cases rise 77% in a week, WHO reports: "Concerned by the scale and spread of the virus"
The agency said nine additional countries had reported cases.
Stocks end choppy session higher after Fed minutes reaffirm pledge on inflation
U.S. stocks pushed higher Wednesday afternoon to close out a choppy day as the risk of a recession remained top of mind for many investors.
'Peak inflation is not here yet': Rents continue to rise, putting pressure on would-be homebuyers. That's bad news for the Fed.
In the first half of 2022, rents increased by 5.4% nationwide, and by double-digit percentages in some major cities, Apartment List said.
The job market is still 'red hot' despite recession fears, as the Great Resignation continues
Employer demand for workers remains extremely high and layoffs are near historical lows. How long it will remain a job seeker's market is an open question.
The US labor market is cooling from ‘white hot to red hot’
Layoffs are still at record lows while quits are high.
U.S. stocks rise as Fed admits more rate hikes could weaken economy
Investors are monitoring economic data for clues on inflation trajectory, with eye on Friday release of June employment numbers.
Biden promotes plan to protect millions of workers' pensions
As many as 3 million workers and retirees who faced pension cuts because of investment losses will get the benefits they were set to receive.
Large Hadron Collider Successfully Restarted at Record Energy: Revving Up the Search for Dark Matter
The Large Hadron Collider is once again delivering proton collisions to experiments, this time at an unprecedented energy of 13.6 TeV, marking the start of the accelerator’s third run of data taking for physics. A burst of applause erupted in the CERN Control Center on July 5, 2022, at 4.47 p.m. CE
Conspiracy Theorists Think The Large Hadron Collider Transferred Us Into A Parallel Universe Yesterday
Please take us to the good timeline.
Amazon Takes on Walmart’s Food Lead With Grubhub
Amazon has yet to make a dent in competitor Walmart’s lead in food category, but the company is expanding food offerings with a commercial agreement with Grubhub.
Amazon strikes a deal with Grubhub as the food-delivery business struggles.
The e-commerce giant could take a stake in Grubhub, which is under pressure as delivery demand falls, labor shortages bite and new regulations reduce profits.
Mortgage activity falls as affordability concerns take a toll
Average purchase-loan amounts shrank for the second week in a row and are currently 12% below their record size in March.
Mortgage demand sinks even as rates drop
Mortgage demand dropped last week, even as mortgage rates fell, according to the Mortgage Bankers Association.
Americans Have Had It With Inflation
Unable or unwilling to stomach higher prices, many Americans are starting to forgo some purchases and outings—even the smallest luxuries: “I kind of second guess if I really needed to get this extra pack of chips.”
If there's a recession, don't count on the government to come to the rescue with stimulus checks and boosted unemployment benefits
The government unleashed stimulus in each of the last three recessions. With inflation at four-decade highs, such aid is unlikely in a 2023 downturn.
Bitcoin addresses in loss hit all-time high amid $18K BTC price target
BTC price is due a trip to $18,000, one trader says as Bitcoin addresses at a loss top March 2020 highs.
Banks Get Burned by Risky Debt, Imperiling Buyout Activity
Investment banks are facing big losses on leveraged buyouts they agreed to finance before markets soured, further chilling the outlook for deal activity.
GM Built 95,000 Vehicles It Can't Sell
Thanks to the semiconductor chip shortage, GM has a massive inventory of vehicles that can't be sold yet.
Average car payment hits record $712/month as new, used car prices continue to climb
Escalating purchase prices and rising interest rates are making cars less and less affordable to the average consumer, with monthly payments averaging $712 in May.
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