Jul 15 After Manchin demands, Biden tells Democrats to quickly pass pared-down economic package By Alan Fram, Associated Press Biden seems to have bowed to Manchin's demand for a slimmed-down economic package. Biden is telling Democrats to quickly pass the measure so families can "sleep easier" and enjoy the health care savings it proposes. Continue reading
Jul 14 IMF reaches preliminary deal with Pakistan on $6 billion bailout By Munir Ahmed, Associated Press Pakistan has been facing a serious economic crisis since last year. The release of slightly over $1 billion had been held up this year over IMF concerns about Pakistan's compliance with the conditions of the bailout. Continue reading
Jul 14 Environmentalists argue California home developments create wildfire risks By Michael Phillis, Suman Naishadham, Associated Press Environmental groups have been arguing in California courts that developers are not fully considering the risks of wildfires when they plan their housing developments near fire-prone areas. And they've been winning. Continue reading
Jul 14 Watch 5:55 News Wrap: White suspect in Buffalo supermarket massacre charged with federal hate crimes In our news wrap Thursday, a federal grand jury indicted a white suspect on hate crimes in the Buffalo supermarket massacre of 10 Black victims, producer prices in June were 11.3 percent higher than a year ago, a rocket attack… Continue watching
Jul 14 Watch 8:04 Innovative Pittsburgh job center trains disadvantaged youth By Fred de Sam Lazaro, Simeon Lancaster Despite a robust job market in recent years, the career path for some, notably young people of color, is often dampened by a lack of skills needed for good jobs in today’s economy. In Pittsburgh, one group is trying to… Continue watching
Jul 14 Bitcoin requires an immense amount of energy. Here's why that's sparking a crypto backlash By Judith Lewis Mernit, Yale Environment 360 The enormous energy demands of Bitcoin mining are prompting some U.S. municipalities to impose moratoriums or outright bans on cryptocurrency facilities. Bitcoin mining activity, critics warn, is leading to electricity price hikes and a revival of dirtier sources of power. Continue reading
Jul 13 Watch 5:45 Soaring costs drive inflation increases above expectations Inflation in the U.S. is the highest in four decades and new numbers out Wednesday show no signs of letting up. The Labor Department reported consumer prices jumped 9.1 percent from last year. Gas prices, furniture, clothing, healthcare, groceries and… Continue watching
Jul 13 Watch 3:39 News Wrap: Ukraine and Russia hold first direct talks in months In our news wrap Wednesday, Ukraine and Russia held their first direct talks in months about resuming grain shipments through the Black Sea where a Russian blockade has halted exports, Sri Lanka's president has officially fled the country, protests over… Continue watching
Jul 13 Why the U.S. inflation surge is accelerating, and when it may ease By Paul Wiseman, Associated Press Inflation's relentless surge didn't merely persist in June. It accelerated. For the 12 months ending in June, the government's consumer price index rocketed 9.1 percent, the fastest year-over-year jump since 1981. Continue reading
Jul 13 Amazon handed Ring doorbell footage to police without user consent By Haleluya Hadero, Associated Press Amazon has provided Ring doorbell footage to law enforcement 11 times this year without the user's permission. The disclosure came in a letter Amazon sent on July 1 and was made public on Wednesday by U.S. Sen. Edward Markey. Continue reading