From

2022 - 8 - 10

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Stranded whale dies after a rescue operation to remove it from a ... (NPR)

A veterinarian said that during the rescue operation, the dangerously thin white mammal began to have breathing difficulties, and so experts decided to ...

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Stories from BusinessWorld's most loyal employees - BusinessWorld ... (BusinessWorld Online)

In standing tall for 35 years now and surpassing various challenges, including global crises, the secret to BusinessWorld's resilience is its employees, ...

When I transferred to the Research Department as senior research assistant, I collect audited financial statements for The Top 1000 Corporations in the Philippines. I also do the tickmarking of financial statements of each company and call/verify each company’s addresses and contact numbers. I had written a story about the musical Les Miserables and Mr. Locsin pointed out a mistake and said that my mistake had “made the paper look stupid!” After bawling in the ladies’ room for a while, I resolved to never make such a mistake, the result of lack of research, again. I had majored in Communication Arts and had worked with the school paper for years so I was familiar with the basics of what was needed. I even arranged to have the photos come out in color (this was rare back in the day). But I realized that I could have said “No” and he would have been OK with it. I remember Sir Locsin always being prompt at work, he was sitting on the bench beside the main door before seven in the morning. I had always been connected with the Arts & Leisure section, editing the regular pages, then, for several years, I also edited the Weekender section that would come out on Fridays. Through the years, I have handled the Arts & Leisure pages, World, Sports, Health, Marketing, Travel, and Environment. I am currently in charge of the Arts & Leisure and Opinion pages. Hence, the first two years were quite tough for me and there were not a few times that I wanted to quit. The position of reporter was the closest job at that time to my experience in government and a think tank before that. Since I did not take up journalism, communication or any related course in the university, I had to learn the ropes from scratch from Mr. Locsin and his chief editors then who employed a sink-or-swim training method. I would read BusinessWorld in my previous jobs, and the motto beneath the masthead “A newspaper is a public trust” struck me because I have always made it a point to form part of principled organizations. Way back in 1990, I worked in the bindery on which the BusinessWorld office was still located in Greenhills, San Juan. In August 1991, I got transferred to the Production Stripping Section of the Editorial Department. At that time, there was still no computer so layouts were done manually using white paper and stripping knife, and we were even using a dark room to produce negative and positive films, then sent them to the plant (printing press) via company service vehicles. I wish BusinessWorld more success and many more anniversaries to come.

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Image courtesy of "Manila Bulletin"

Stranded beluga whale removed from France's Seine river (Manila Bulletin)

SAINT-PIERRE-LA-GARENNE, France — A beluga whale stranded in the Seine river in northern France for more than a week was removed from the water early ...

“I’m hopeful that he will reach the sea and that he will not end up like the orca,” said Isabelle Rainsart, referring to a killer whale that was spotted in the Seine in May but later died. “It bodes, according to veterinarians, for a poor vital prognosis,” the Eure prefecture said in a statement after the rescue operation, which it said was “particularly complex”. SAINT-PIERRE-LA-GARENNE, France — A beluga whale stranded in the Seine river in northern France for more than a week was removed from the water early Wednesday in a risky rescue operation, but officials warned it was in poor health.

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Image courtesy of "Aljazeera.com"

France euthanises stranded beluga whale after removal from Seine (Aljazeera.com)

An ailing beluga whale has been put down after a health complication during a rescue operation.

It was then transported in a refrigerated truck to the Channel port of Ouistreham. It was still alive when it reached Ouistreham but was weak and struggling to breathe. Beluga cannot survive prolonged periods in warm, freshwater rivers.

Shopee affiliate gets OK from IC to sell life plans | Bernadette D ... (Business Mirror)

THE Insurance Commission approved the license of SeaInsure Life Insurance Company Inc. (SeaLife) owned by a Singaporean insurance firm affiliated with ...

Its digital entertainment business, Garena, is a global game developer and publisher. SeaGen was earlier rebranded by SeaPG from its previous corporate name AA Guaranty Assurance Co. Inc. (AAGA) when it acquired the latter in February 2021. To recall, the Insurance Commission found SeaPG’s acquisition of RSI to be compliant with regulatory frameworks. THE Insurance Commission approved the license of SeaInsure Life Insurance Company Inc. (SeaLife) owned by a Singaporean insurance firm affiliated with e-commerce giant Shopee. The regulator approved the transfer of RSI’s non-life insurance portfolio to Sea Insure General Insurance Co Inc. (SeaGen), which undertook that all policies insured by RSI beyond the cut-off date, if any and any valid non-life insurance-related claims that may arise in the future, shall automatically be assumed by SeaGen. Since SeaPG’s acquisition of RSI, it was converted from a non-life insurance firm to a life insurance company.

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Image courtesy of "The New York Times"

Newly Published, From Japanese Myths to African Fashion (The New York Times)

THE JAPANESE MYTHS: A Guide to Gods, Heroes and Spirits, by Joshua Frydman. (Thames & Hudson, $24.95.) A professor of Japanese literature ushers readers ...

LIGHT IN GAZA: Writings Born of Fire, edited by Jehad Abusalim, Jennifer Bing and Mike Merryman-Lotze. (Haymarket, paper, $24.95; cloth, $45.) This searing collection anthologizes works by Palestinians from Gaza — some residents, some refugees — describing their lives under occupation and amid the ongoing struggle for freedom. ESTATES LARGE AND SMALL, by Ray Robertson. (Biblioasis, paper, $18.95.) This wry novel follows a struggling used bookstore owner and Grateful Dead fan as he grudgingly moves his store online, decides to teach himself two millenniums of Western philosophy, falls in love and attempts to pin down the point of life. GLYN PHILPOT: Flesh and Spirit, by Simon Martin. (Pallant House Gallery, $45.) This first color monograph on the prolific British painter and sculptor investigates his engagement with portraiture, the Harlem Renaissance and various modernisms and considers his impact on queer artists today. RED VALKYRIES: Feminist Lessons From Five Revolutionary Women, by Kristen Ghodsee. (Verso, $24.95.) A scholar of Russian and Eastern European studies traces the revolutionary careers of five 19th- and 20th-century Russian and Bulgarian socialist feminists, including the Soviet diplomat Alexandra Kollontai and the World War II sniper Lyudmila Pavlichenko. TERRAFORM: Watch/Worlds/Burn, edited by Brian Merchant and Claire L. Evans. (MCD, paper, $20.) This anthology of speculative stories from VICE’s science fiction site features stories from Jeff VanderMeer, Ellen Ullman and others that focus on themes of climate collapse, artificial intelligence and digital surveillance. THE FANTASY OF THE MIDDLE AGES: An Epic Journey Through Imaginary Medieval Worlds, by Larisa Grollemond and Bryan C. Keene. (J. Paul Getty Museum, $29.95.) Published to accompany an exhibit at the Getty Museum, this volume presents more than 140 illustrations to outline the ways medieval imagery has impacted modern culture from Renaissance Faires to “Game of Thrones.”

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Image courtesy of "knkx.org"

Stranded whale dies after it was successfully removed from a French ... (knkx.org)

A veterinarian said that during the rescue operation, the dangerously thin white mammal began to have breathing difficulties, and so experts decided to ...

"During the journey, the veterinarians confirmed a worsening of its state, notably its respiratory activities, and at the same time noticed the animal was in pain, not breathing enough," Florence Ollivet Courtois, a French wild animal expert, said. However, the move was deemed necessary because the animal would not have been able to survive in much longer in the Seine's fresh water. Conservation group Sea Shepherd France said veterinary exams after the beluga's removal from the river showed it has no digestive activity.

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Stranded whale euthanized after removal from Seine in France (Los Angeles Times)

During the rescue operation, the beluga whale began to have breathing difficulties, so experts decided euthanasia was the most humane option.

Rescuers had tried to feed fish to the whale without success since Friday. Sea Shepherd France said veterinary exams after the beluga’s removal from the river showed that it had no digestive activity. But marine conservation group Sea Shepherd said that it couldn’t have survived much longer in the Seine’s fresh water. Rescuers had hoped to spare the whale the fate of an orca that strayed into the Seine and died in May. In 2006, a bottlenose whale nicknamed Willy swam up the River Thames as far as London and died during an attempted rescue.

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Image courtesy of "CNN"

Beluga whale rescued from Seine River euthanized in transit ... (CNN)

A beluga whale that was rescued after being stuck in France's Seine River for more than a week died while in transit to the sea, officials have confirmed.

The beluga's natural habitat is in the Arctic and sub-Arctic regions. Its death was confirmed by officials from the Essonne Department Fire and Rescue Service in a video message. Its health deteriorated after it refused food, according to wildlife protection associations monitoring the situation.

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A stranded whale is removed from the Seine River and will be ... (KUAR)

A veterinary team was planning to transport the 4-meter-long (13-foot-long) whale to a coastal spot in the northeastern French port town of Ouistreham for ...

"During the journey, the veterinarians confirmed a worsening of its state, notably its respiratory activities, and at the same time noticed the animal was in pain, not breathing enough," Florence Ollivet Courtois, a French wild animal expert, said. However, the move was deemed necessary because the animal would not have been able to survive in much longer in the Seine's fresh water. Conservation group Sea Shepherd France said veterinary exams after the beluga's removal from the river showed it has no digestive activity.

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Image courtesy of "Marketplace.org"

U.S. inflation slows from a 40-year peak but remains high (Marketplace.org)

Falling gas prices gave Americans a slight break from the pain of high inflation last month, though overall price increases slowed only modestly from the ...

In the U.K., inflation soared 9.4% in June from a year earlier, a four-decade high. The Fed has raised its benchmark short-term rate at its past four rate-setting meetings, including a three-quarter point hike in both June and July — the first increases that large since 1994. Food prices kept surging in July, for example, and have risen 13% from a year ago, the largest such increase since 1979. Your donation today powers the independent journalism that you rely on. One-third of Americans rent their homes, and higher rental costs are leaving many of them with less money to spend on other items. We rely on your financial support to keep making that possible. On Friday, the House is poised to give final congressional approval to a revived tax-and-climate package pushed by Biden and Democratic lawmakers. Chair Jerome Powell has said the Fed needs to see a series of declining monthly core inflation readings before it would consider pausing its rate hikes. But the New York Fed survey found that Americans’ foresee lower inflation one, three and five years from now than they did a month ago. Those declines lowered so-called core inflation, a measure that excludes the volatile food and energy categories to provide a clearer picture of underlying inflation. Still, core prices have slowed in the recent past only to re-accelerate in subsequent months. But financial markets are now predicting that a half-point increase is more likely.

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Inflation eased in July from a year ago, as energy prices fell off ... (The Washington Post)

July inflation climbed 8.5 percent over the past year, easing slightly thanks to falling gas and energy prices, and offering fresh hope to families and ...

And he hopes that if energy prices keep falling, every rung of the transportation and trucking industry will get a little more breathing room. The tech sector also reported fresh waves of layoffs and hiring freezes, raising questions about whether the job market as a whole was teetering and if a recession was barreling closer. Still, inflation is the main economic issue for both parties going into the midterms this year. But those fears were quelled last week, when the unemployment rate ticked down to its pre-pandemic low of 3.5 percent. So far, the Fed’s moves to cool demand are showing up in the housing market. “There’s positive news here, but not of a kind that should fundamentally alter anyone’s view,” said Larry Summers, the former Democratic treasury secretary who has long warned about the risks of high inflation. There is also the fraught reality that getting a real-time read on the economy has been an huge challenge. The result: zero inflation last month,” Biden said during a White House event Wednesday. “When you couple that with last week’s booming jobs report of 528,000 jobs created last month, and 3.5 percent unemployment, it underscores the kind of economy we’ve been building.” Rent was also up 0.7 percent over the month, as increased housing costs are brewing into a bigger financial challenge for tenants nationwide. The latest inflation data underscores the challenge for policymakers racing to control inflation. The food index continued to creep up, rising 1.1 percent over the month. Bread was up 2.8 percent over the month, and chicken 1.4 percent.

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Image courtesy of "ArchDaily"

What Will the Furniture of the Future Be Made From? (ArchDaily)

There is discussion on the viability of concrete in the contemporary context, how timber can be more sustainably sourced, and on how biodegradable materials ...

The future of furniture seems to be heading towards a direction where existing materials are enhanced by new ones, and where upcycling and recycling is creatively done to result in bolder, creative forms. Dutch materials development company Cooloo experimented with the brief of creating long-lasting, durable furniture out of recycled materials. A lot of wooden furniture is coated in polyurethane – a liquid coating applied to minimize how the wood is impacted by solvents, water, and abrasion. Furniture brand Actiu recently launched a chair made out of 100% recycled fiberglass and polypropylene plastic – sourced from vegetable and fruit boxes from the Spanish Andalusia region. However, a lot of the wooden furniture being manufactured and in circulation today is in fact not biodegradable. The materials used to craft these objects have constantly evolved over centuries, and as we approach the end of 2022, it’s worth asking – what does the future hold for what our furniture will be made from?

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Image courtesy of "The Wall Street Journal"

Fed's Inflation Battle Is far From Won (The Wall Street Journal)

Central bank will likely need to see signs the labor market is easing before slowing its tightening campaign.

You may cancel your subscription at anytime by calling Customer Service. - SHEIN:SHEIN coupon code - 15% off This was thanks largely to declining gasoline prices.

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Beluga whale dies after French rescuers lift 13-foot mammal from ... (The Washington Post)

Rescuers lifted the beluga out of the Seine river with a crane but euthanized the whale after his health deteriorated.

“During the trip, veterinarians noticed a deterioration in his condition, particularly in respiratory functions,” veterinarian Florence Ollivet-Courtois said. Vets had waited on land to examine the mammal that captivated onlookers after getting stuck for days in France’s northwest. It was not clear how the whale, which weighed more than 1,700 pounds, had strayed so far from the Arctic waters that make up its natural habitat.

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Image courtesy of "Associated Press"

US inflation slows from a 40-year peak but remains high (Associated Press)

WASHINGTON (AP) — Falling prices for gas, airline tickets and clothes helped give Americans a slight break from the pain of high inflation last month, ...

In the U.K., inflation soared 9.4% in June from a year earlier, a four-decade high. Wednesday’s report increased hope that the modest slowdown in inflation might enable the Fed to slow the pace of its increases in short-term rates when it meets in late September — and sent stock prices jumping. One-third of Americans rent their homes, and higher rental costs are leaving many of them with less money to spend on other items. That’s mostly because of higher gas prices but also because it’s now using more trucks to keep up with the demand for food. Last month’s declines in travel-related prices helped lower so-called core inflation, a measure that excludes the volatile food and energy categories to provide a clearer picture of underlying inflation. There are other signs that inflation may fade in coming months. But the New York Fed survey found that Americans’ foresee lower inflation one, three and five years from now than they did a month ago. And even if inflation continues to weaken, it is a long way from the Fed’s 2% annual target. Companies then often raise prices to offset higher their higher labor costs. Average paychecks are rising faster than they have in decades, but not fast enough to keep up with those rising costs. Bread prices leapt 2.8% last month, the most in more than two years. Airfares are still nearly 30% higher than they were a year ago .

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US inflation slips from 40-year peak but remains high at 8.5% (FOX 29 Philadelphia)

Consumer prices jumped 8.5% in July compared with a year earlier, the government said Wednesday, down from a 9.1% year-over-year jump in June.

In the U.K., inflation soared 9.4% in June from a year earlier, a four-decade high. The Fed has raised its benchmark short-term rate at its past four rate-setting meetings, including a three-quarter point hike in both June and July — the first increases that large since 1994. One-third of Americans rent their homes, and higher rental costs are leaving many of them with less money to spend on other items. But the New York Fed survey found that Americans’ foresee lower inflation one, three and five years from now than they did a month ago. Chair Jerome Powell has said the Fed needs to see a series of declining monthly core inflation readings before it would consider pausing its rate hikes. On Friday, the House is poised to give final congressional approval to a revived tax-and-climate package pushed by Biden and Democratic lawmakers.

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Image courtesy of "Spectrum News NY1"

U.S. inflation slips from 40-year peak to still-high 8.5%, beating ... (Spectrum News NY1)

Falling gas prices gave Americans a slight break from the pain of high inflation last month, though the surge in overall prices slowed only modestly from ...

In the U.K., inflation soared 9.4% in June from a year earlier, a four-decade high. The Fed has raised its benchmark short-term rate at its past four rate-setting meetings, including a three-quarter point hike in both June and July — the first increases that large since 1994. One-third of Americans rent their homes, and higher rental costs are leaving many of them with less money to spend on other items. On Friday, the House is poised to give final congressional approval to a revived tax-and-climate package pushed by Biden and Democratic lawmakers. "Actually, I just want to say a numbe: Zero. Today we received news that our economy had 0% inflation in the month of July. 0%." and we're seeing some signs that inflation may be beginning to moderate," the president hailed.

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Inflation slips from 40-year peak but remains high at 8.5% (KOLD)

WASHINGTON (AP) — Falling gas prices gave Americans a slight break from the pain of high inflation last month, though the surge in overall prices slowed ...

In the U.K., inflation soared 9.4% in June from a year earlier, a four-decade high. Last month’s modest slowdown in inflation might enable the Fed to slow the pace of its increases in short-term rates when it meets in late September — a possibility that sent stock prices jumping. Still, Fed Chair Jerome Powell has emphasized that the central bank needs to see a series of lower readings on core inflation before it will pause rate hikes. Last month’s declines in travel-related prices helped lower core inflation, a measure that excludes the volatile food and energy categories and provides a clearer picture of underlying price trends. That’s mostly because of higher gas prices but also because it’s now using more trucks to keep up with the demand for food. There are other signs that inflation may fade in coming months. Bread prices leaped 2.8% last month, the most in more than two years. Average paychecks are rising faster than they have in decades, but not fast enough to keep up with inflation. And even if price increases continue to weaken, they are a long way from the Fed’s 2% annual target. Republicans, who have made inflation a top campaign issue, stressed that prices are still painfully high. Airfares are still nearly 30% higher than they were a year ago. Biden highlighted the flat monthly inflation figure.

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Consumer prices rose 8.5% in July, less than expected as inflation ... (CNBC)

Economists surveyed by Dow Jones were expecting headline CPI to increase 8.7% on an annual basis and 0.2% monthly. Year-over-year change in the consumer price ...

The energy index rose 32.9% from a year ago. Recent commentary from policymakers has pointed toward a third consecutive 0.75 percentage point interest rate hike at the September meeting. But gasoline was still up 44% from a year ago and fuel oil increased 75.6% on an annual basis, despite an 11% decline in July. While inflation has been accelerating, gross domestic product declined for the first two quarters of 2022. The central bank has hiked benchmark borrowing rates by 2.25 percentage points so far in 2022, and officials have provided strong indications that more increases are coming. "They've been saying they're ready to deliver a 75 basis point hike if they have to. I don't think they have to anymore." Butter is up 26.4% over the past year, eggs have surged 38% and coffee is up more than 20%. The report was good news for workers, who saw a 0.5% monthly increase in real wages. Despite the monthly drop in the energy index, electricity prices rose 1.6% and were up 15.2% from a year ago. - The report was good news for workers, who saw a 0.5% monthly increase in real wages. Prices that consumers pay for a variety of goods and services rose 8.5% in July from a year ago, a slowing pace from the previous month due largely to a drop in gasoline prices.

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Image courtesy of "wgbh.org"

A stranded whale is removed from the Seine River and will be ... (wgbh.org)

PARIS — A beluga whale stranded for several days in the Seine River was successfully removed from the French waterway Wednesday in preparation for a ...

Conservationists have tried unsuccessfully since Friday to feed fish to the beluga. Authorities were planning to keep the whale in its temporary saltwater home for two to three days of surveillance and treatment before being towed out to sea. PARIS — A beluga whale stranded for several days in the Seine River was successfully removed from the French waterway Wednesday in preparation for a transfer to a saltwater basin in Normandy in hopes of saving its life.

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Image courtesy of "Financial Times"

US stocks and bonds rally after lower than forecast inflation data (Financial Times)

Consumer price index reading raises hopes of slower pace of Fed rate increases.

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Image courtesy of "Malaya"

Office demand from POGOs in trickles (Malaya)

The exodus of the Philippine offshore gaming operators (POGOs) in the country has affected the office and condominium property markets the past two years a.

This pace of construction also resulted in the Bay Area overtaking Makati CBD 2013 to 2021 as the second largest residential hub in Metro Manila. – Irma Isip In his report, Bondoc said at the height of POGO demand in Metro Manila, the offshore gaming sector occupied an estimated 1.3 million sq.m. of office space, representing about 11 percent of total leasable space in the capital region. The exodus of the Philippine offshore gaming operators (POGOs) in the country has affected the office and condominium property markets the past two years and demand is in trickles.

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Image courtesy of "PBS NewsHour"

U.S. inflation at 8.5 percent, slips from from 40-year high (PBS NewsHour)

Falling gas prices gave Americans a slight break from the pain of high inflation last month, though the surge in overall prices slowed only modestly from ...

In the U.K., inflation soared 9.4% in June from a year earlier, a four-decade high. The Fed has raised its benchmark short-term rate at its past four rate-setting meetings, including a three-quarter point hike in both June and July — the first increases that large since 1994. One-third of Americans rent their homes, and higher rental costs are leaving many of them with less money to spend on other items. But the New York Fed survey found that Americans’ foresee lower inflation one, three and five years from now than they did a month ago. Chair Jerome Powell has said the Fed needs to see a series of declining monthly core inflation readings before it would consider pausing its rate hikes. On Friday, the House is poised to give final congressional approval to a revived tax-and-climate package pushed by Biden and Democratic lawmakers.

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Image courtesy of "UN News"

Belarus: Rights experts denounce withdrawal from key ... (UN News)

UN experts on Wednesday denounced the decision by Belarus to withdraw from an international agreement that upholds people's right to access information, ...

Members also worked to assist the country in addressing non-compliance. “Protecting environmental human rights defenders from violations committed by both State and non-state actors is crucial to the protection of the environment and the human rights that depend on it”. The UN experts stated that countries dissatisfied with the outcome of cases, decided by the Compliance Committee, should not withdraw from the Convention. Instead, they should strengthen their commitment to human rights, sustainable development and environmental democracy.

Belarus: UN experts denounce withdrawal from Aarhus Convention (OHCHR)

GENEVA (10 August 2022) – UN human rights experts* today denounced a decision by Belarus to withdraw from an international agreement that implements the ...

According to the experts, measures for the protection of environmental human rights defenders are urgently needed in Belarus and elsewhere in the Aarhus space. The United Nations Human Rights Council and General Assembly have recently recognised the right to a clean, healthy and sustainable environment and underscored its importance for the enjoyment of other human rights. The Aarhus Convention articulates the procedural dimensions of the right to a healthy environment, including “access rights” to information, participation and justice.

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Image courtesy of "Morningstar.com"

U.S. consumers likely got some relief from sizzling price increases in ... (Morningstar.com)

But in the big scheme of things, an annual inflation rate above 8% will be "cold comfort to the FOMC," said Richard Moody, chief economist at Regions Financial ...

The yield on the 10-year Treasury note has dropped to 2.78% from 3.03% in mid-July. Lower prices at the gasoline pump are going to push the headline inflation rate lower. "I think the Fed will want to see more broad based deceleration in the core before they are really comfortable saying this is the kind of a sustained slowdown that we need to see to get us to step back from the magnitude of the rate hikes," Sharif said. "I think what the Fed wants to see is not just a step down in the monthly print but they want to see evidence that this reduction in speed is broad-based," he said. But in the big scheme of things, an annual inflation rate above 8% will be "cold comfort to the FOMC," said Richard Moody, chief economist at Regions Financial Corp., in a note to clients. The consumer price index is expected to moderate to an 0.2% increase in July when the report is released Wednesday morning, down sharply from a 1.3% gain in the prior month.

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Image courtesy of "Forbes"

Leadership Lessons From The Orange Grove (Forbes)

Jack Guttman, New York real estate developer and entrepreneur, has been building authentic relationships as a leader in real estate niches for decades.

A true leader inspires the rest, which means that sometimes you have to take a risk or make a wager.” Indeed, Guttman spends a lot of his time on site for his unique company The Glasshouses, which builds, maintains, and leases premiere large-scale event spaces that can hold as many as 2,000 people. It wasn’t a quick decision to go after the large-scale event space either. “Believe it or not, encouraging your team and inspiring them as a leader will have them work more efficiently,” Guttman says. Meet Jack Guttman, a New York real estate developer and entrepreneur who has been building authentic relationships as a leader in real estate niches for decades. Generals plot strategies and send soldiers into the battlefield to achieve them.

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Image courtesy of "Fortune"

Inflation shows signs of peaking with prices going unchanged from ... (Fortune)

The consumer price index increased 8.5% from a year earlier, cooling from the 9.1% June advance that was the largest in four decades, Labor Department data ...

Shelter costs—which are the biggest services’ component and make up about a third of the overall CPI index—rose 0.5% from June and 5.7% from last year, the most since 1991. Core CPI was forecast to rise 0.5% from June and 6.1% from a year ago. That reflected a 0.7% jump in rent of primary of residence. After data last week showed still-robust labor demand and firmer wage growth, a further deceleration in inflation could take some of the urgency off the Fed to extend outsize interest-rate hikes. A decline in gasoline offset increases in food and shelter costs. Traders reduced the odds of the US central bank boosting rates by three-quarter percentage point next month.

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Image courtesy of "Reuters"

Wall Street rally lifts Nasdaq 20% from low as inflation fears ebb (Reuters)

It was the biggest single-day gain for both the Nasdaq and S&P 500 in two weeks, and for the Dow in three weeks. It was the highest close for the S&P 500 since ...

read more Twitter gained 3.7%. read more It was the highest close for the S&P 500 since early May. High-growth and megacap technology stocks, whose valuations are vulnerable to rising bond yields, rose as Treasury yields fell sharply across the board. The Nasdaq now is up 20.8% since bottoming but still needs to pass its prior peak in November to confirm a new bull market. The CPI rose by a less-than-expected 8.5% over the past 12 months after a 9.1% rise in June. read more Register now for FREE unlimited access to Reuters.com That is what a soft landing would look like," said Shawn Snyder, head of investment strategy at Citi U.S. Wealth Management in New York. Fed funds futures traders are now pricing in only a 43.5% chance that the U.S. central bank hikes rates by 75 basis points when it meets in September, compared with 68% before the data. A 50 basis point hike is seen as a 56.5% probability. Register now for FREE unlimited access to Reuters.com Register now for FREE unlimited access to Reuters.com

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US inflation slips from 40-year peak but remains high 8.5% (OPB News)

WASHINGTON Aug. 10, 2022 7:02 a.m.. Falling gas prices gave Americans a slight break from the pain of high inflation last month, though the surge in overall ...

In the U.K., inflation soared 9.4% in June from a year earlier, a four-decade high. The Fed has raised its benchmark short-term rate at its past four rate-setting meetings, including a three-quarter point hike in both June and July — the first increases that large since 1994. One-third of Americans rent their homes, and higher rental costs are leaving many of them with less money to spend on other items. But the New York Fed survey found that Americans’ foresee lower inflation one, three and five years from now than they did a month ago. Chair Jerome Powell has said the Fed needs to see a series of declining monthly core inflation readings before it would consider pausing its rate hikes. On Friday, the House is poised to give final congressional approval to a revived tax-and-climate package pushed by Biden and Democratic lawmakers.

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Image courtesy of "INQUIRER.net"

Wall Street rally lifts Nasdaq 20% from low as inflation fears ebb (INQUIRER.net)

A sharp drop in the cost of gasoline helped the U.S. Consumer Price Index stay flat last month after advancing 1.3 percent in June, the Labor Department said.

It was the highest close for the S&P 500 since early May. The Nasdaq now is up 20.8 percent since bottoming but still needs to pass its prior peak in November to confirm a new bull market. High-growth and megacap technology stocks, whose valuations are vulnerable to rising bond yields, rose as Treasury yields fell sharply across the board. The CPI rose by a less-than-expected 8.5 percent over the past 12 months after a 9.1-percent rise in June. That is what a soft landing would look like,” said Shawn Snyder, head of investment strategy at Citi U.S. Wealth Management in New York. Twitter gained 3.7 percent. The S&P 500 posted five new 52-week highs and 29 new lows; the Nasdaq Composite recorded 64 new highs and 54 new lows. After a rough start to the year, the benchmark S&P 500 is up nearly 15 percent from mid-June lows, largely on expectations the Fed will be less hawkish than anticipated in its efforts to provide a soft landing for the economy as it fights to curb inflation. But the S&P 500 is 12 percent below its all-time high in January, having been in a bear market since then. It was the biggest single-day gain for both the Nasdaq and S&P 500 in two weeks, and for the Dow in three weeks. The rally on Wall Street was broad-based, with all 11 S&P 500 sectors rising in a sea of green. A sharp drop in the cost of gasoline helped the U.S. Consumer Price Index stay flat last month after advancing 1.3 percent in June, the Labor Department said.

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Image courtesy of "Arizona's Family"

Lower prices offer Americans slight reprieve from inflation (Arizona's Family)

On a monthly basis, prices were unchanged from June to July, the smallest such rise in more than two years.

In the U.K., inflation soared 9.4% in June from a year earlier, a four-decade high. Last month’s modest slowdown in inflation might enable the Fed to slow the pace of its increases in short-term rates when it meets in late September — a possibility that sent stock prices jumping. Still, Fed Chair Jerome Powell has emphasized that the central bank needs to see a series of lower readings on core inflation before it will pause rate hikes. Last month’s declines in travel-related prices helped lower core inflation, a measure that excludes the volatile food and energy categories and provides a clearer picture of underlying price trends. That’s mostly because of higher gas prices but also because it’s now using more trucks to keep up with the demand for food. There are other signs that inflation may fade in coming months. Bread prices leaped 2.8% last month, the most in more than two years. Average paychecks are rising faster than they have in decades, but not fast enough to keep up with inflation. And even if price increases continue to weaken, they are a long way from the Fed’s 2% annual target. Republicans, who have made inflation a top campaign issue, stressed that prices are still painfully high. Airfares are still nearly 30% higher than they were a year ago. Biden highlighted the flat monthly inflation figure.

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Image courtesy of "Bloomberg"

Aging Spain Issues Rallying Call for Workers From Latin America (Bloomberg)

Spain is opening its doors to foreign workers to fix labor shortages and ease a demographic slump threatening its future prosperity.

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Image courtesy of "The Denver Post"

US inflation slows from a 40-year peak but remains high (The Denver Post)

WASHINGTON (AP) — Falling prices for gas, airline tickets and clothes helped give Americans a slight break from the pain of high inflation last month, though ...

In the U.K., inflation soared 9.4% in June from a year earlier, a four-decade high. Last month’s modest slowdown in inflation might enable the Fed to slow the pace of its increases in short-term rates when it meets in late September — a possibility that sent stock prices jumping. Still, Fed Chair Jerome Powell has emphasized that the central bank needs to see a series of lower readings on core inflation before it will pause rate hikes. Last month’s declines in travel-related prices helped lower core inflation, a measure that excludes the volatile food and energy categories and provides a clearer picture of underlying price trends. That’s mostly because of higher gas prices but also because it’s now using more trucks to keep up with the demand for food. There are other signs that inflation may fade in coming months. Bread prices leaped 2.8% last month, the most in more than two years. Average paychecks are rising faster than they have in decades, but not fast enough to keep up with inflation. And even if price increases continue to weaken, they are a long way from the Fed’s 2% annual target. Republicans, who have made inflation a top campaign issue, stressed that prices are still painfully high. Airfares are still nearly 30% higher than they were a year ago. Biden highlighted the flat monthly inflation figure.

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Image courtesy of "Transport Topics Online"

Inflation Slows From 40-Year Peak, but Remains High (Transport Topics Online)

WASHINGTON — Falling prices for gas, airline tickets and clothes helped give Americans a slight break from the pain of high inflation last month, ...

Wednesday’s report increased hope that the modest slowdown in inflation might enable the Fed to slow the pace of its increases in short-term rates when it meets in late September — and sent stock prices jumping. There are other signs that inflation may fade in coming months. Average paychecks are rising faster than they have in decades, but not fast enough to keep up with those rising costs. Last month’s declines in travel-related prices helped lower so-called core inflation, a measure that excludes the volatile food and energy categories to provide a clearer picture of underlying inflation. Bread prices leapt 2.8% last month, the most in more than two years. And even if inflation continues to weaken, it is a long way from the Fed’s 2% annual target.

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Image courtesy of "CBSSports.com"

Michael Jordan's jersey from 1998 NBA Finals could fetch $5 million ... (CBSSports.com)

A jersey that was worn by Michael Jordan during his "Last Dance" season is expected to hit the auction block next month. The jersey, which Jordan wore ...

During his "Last Dance," Jordan helped lead Chicago to their sixth NBA title as the Bulls defeated the Utah Jazz in six games. "The season itself is his 'magnum opus' as an athlete, and a testament to him as a champion and competitor. A jersey that was worn by Michael Jordan during his "Last Dance" season is expected to hit the auction block next month.

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Image courtesy of "NBC Sports Chicago"

Michael Jordan's 'Last Dance' jersey from Game 1 set for auction (NBC Sports Chicago)

Jordan's game-worn Bulls jersey from Game 1 of the 1998 NBA Finals will be featured in Sotheby's online auction titled Invictus: Part 1 with open bidding to ...

The jersey will also be on public display in Monterey, California from August 17-20. And that's what I think makes it so special." Jordan's game-worn Bulls jersey from Game 1 of the 1998 NBA Finals will be featured in Sotheby's online auction titled Invictus: Part 1 with open bidding to be held from September 6-14.

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Image courtesy of "Forbes"

Michael Jordan Jersey From 'The Last Dance' 1998 NBA Finals Up ... (Forbes)

The game-worn shirt could fetch as much as $5 million at auction, according to Sotheby's.

The Last Dance’s premiere also coincided with the early months of the Covid-19 pandemic, when most professional sports leagues canceled games and many fans turned to collecting, causing demand for sports memorabilia to explode. A jersey Sotheby’s said was worn by soccer star Diego Maradona during the 1986 World Cup quarter final match–when he scored his infamous “Hand of God” goal–sold for $9.3 million at auction earlier this year, the highest price fetched by a piece of sports memorabilia. A jersey worn by basketball legend Michael Jordan during the 1998 NBA Finals—a season documented in the hit 2020 ESPN docuseries The Last Dance—could sell for as much as $5 million when it’s put on the block next month, auctioneer Sotheby’s expects.

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Image courtesy of "artnet News"

A Game-Worn Michael Jordan Chicago Bulls Jersey From His Final ... (artnet News)

Michael Jordan wore the jersey during the Chicago Bulls's "last dance" run at a title, during which they beat the Utah Jazz in six games.

Finals jerseys from Jordan are remarkably scant, and the 1997–1998 Finals are arguably the most coveted of them all.” “The season itself is his ‘magnum opus’ as an athlete, and a testament to him as a champion and competitor. The shirt will be auctioned off online in a single-lot sale through Sotheby’s, from September 6 to 14.

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Image courtesy of "WSAZ-TV"

Lower prices offer Americans slight reprieve from inflation (WSAZ-TV)

Those price drops followed steep increases in the past year after COVID-19 cases eased and travel rebounded. Airfares are still nearly 30% higher than they were ...

In the U.K., inflation soared 9.4% in June from a year earlier, a four-decade high. Last month’s modest slowdown in inflation might enable the Fed to slow the pace of its increases in short-term rates when it meets in late September — a possibility that sent stock prices jumping. Still, Fed Chair Jerome Powell has emphasized that the central bank needs to see a series of lower readings on core inflation before it will pause rate hikes. Last month’s declines in travel-related prices helped lower core inflation, a measure that excludes the volatile food and energy categories and provides a clearer picture of underlying price trends. That’s mostly because of higher gas prices but also because it’s now using more trucks to keep up with the demand for food. There are other signs that inflation may fade in coming months. Bread prices leaped 2.8% last month, the most in more than two years. Average paychecks are rising faster than they have in decades, but not fast enough to keep up with inflation. And even if price increases continue to weaken, they are a long way from the Fed’s 2% annual target. Republicans, who have made inflation a top campaign issue, stressed that prices are still painfully high. Airfares are still nearly 30% higher than they were a year ago. Biden highlighted the flat monthly inflation figure.

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Image courtesy of "ArchDaily"

From Dance Hall to House Transformation / estudi marmar (ArchDaily)

Completed in 2021 in Sant Esteve de Palautordera, Spain. Images by Adrià Marrasé. The project transforms the town's old dance hall– later used as commercial ...

In winter, the greenhouse effect will heat the air and the temperature inside the apartments will be increased by convection. The proposal presents the following strategies: - Preserving and pointing out the value of the constructive elements of interest in the existing building. The existing structure was reinforced to withstand the demands required for the new use of the building.

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Image courtesy of "FOX 8 Live WVUE"

Lower prices offer Americans slight reprieve from inflation (FOX 8 Live WVUE)

Consumer prices jumped 8.5% in July compared with a year earlier, the government said Wednesday, down from a 9.1% year-over-year increase in June. On a monthly ...

In the U.K., inflation soared 9.4% in June from a year earlier, a four-decade high. Last month’s modest slowdown in inflation might enable the Fed to slow the pace of its increases in short-term rates when it meets in late September — a possibility that sent stock prices jumping. Still, Fed Chair Jerome Powell has emphasized that the central bank needs to see a series of lower readings on core inflation before it will pause rate hikes. Last month’s declines in travel-related prices helped lower core inflation, a measure that excludes the volatile food and energy categories and provides a clearer picture of underlying price trends. That’s mostly because of higher gas prices but also because it’s now using more trucks to keep up with the demand for food. There are other signs that inflation may fade in coming months. Bread prices leaped 2.8% last month, the most in more than two years. Average paychecks are rising faster than they have in decades, but not fast enough to keep up with inflation. And even if price increases continue to weaken, they are a long way from the Fed’s 2% annual target. Republicans, who have made inflation a top campaign issue, stressed that prices are still painfully high. Airfares are still nearly 30% higher than they were a year ago. Biden highlighted the flat monthly inflation figure.

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Image courtesy of "syracuse.com"

Lower gas, airline, clothing prices offer Americans slight reprieve ... (syracuse.com)

Prices were unchanged from June to July, the first time that has happened after 25 months of increases.

In the U.K., inflation soared 9.4% in June from a year earlier, a four-decade high. Last month’s modest slowdown in inflation might enable the Fed to slow the pace of its increases in short-term rates when it meets in late September — a possibility that sent stock prices jumping. Still, Fed Chair Jerome Powell has emphasized that the central bank needs to see a series of lower readings on core inflation before it will pause rate hikes. Last month’s declines in travel-related prices helped lower core inflation, a measure that excludes the volatile food and energy categories and provides a clearer picture of underlying price trends. That’s mostly because of higher gas prices but also because it’s now using more trucks to keep up with the demand for food. There are other signs that inflation may fade in coming months. Bread prices leaped 2.8% last month, the most in more than two years. Average paychecks are rising faster than they have in decades, but not fast enough to keep up with inflation. Republicans, who have made inflation a top campaign issue, stressed that prices are still painfully high. Airfares are still nearly 30% higher than they were a year ago. And even if price increases continue to weaken, they are a long way from the Fed’s 2% annual target. Biden highlighted the flat monthly inflation figure.

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