The State of the Economy, Voices in Politics and the Spread of Monkeypox | Hot off the Wire podcast | Nation
The state of the economy remained front and center last week, especially after a Thursday report fueled renewed fears of a recession.
Results from the April-June gross domestic product report showed the economy contracted at an annual rate of 0.9%. This report came just a day after the Federal Reserve raised its benchmark interest rate by three-quarters of a point for the second consecutive time.
And the Fed’s move came after another report highlighted declining consumer confidence and Walmart had to recalibrate its earnings estimates over fears Americans would have less money for discretionary items.
Even the simplest items, including bacon, egg and cheese sandwiches sold in New York bodegas, have not been immune to the price spike.
Good news to note: gasoline prices are falling steadily, even if they remain higher than a year ago.
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And in other financial news, a merger is coming in the airline industry as JetBlue has agreed to buy Spirit Airlines.
Try these 6 tips to stretch your back-to-school shopping budget.
We live in a highly polarized environment, but Democrats and Republicans seem to share the same view on at least one topic and it’s time for new voices in politics.
The results of that survey were released ahead of speeches by former President Donald Trump and his Vice President, Mike Pence. The former allies-turned-rivals gave dueling speeches in Washington as each considered possible presidential elections in 2024.
Sen. Joe Manchin and Majority Leader Chuck Schumer reached an agreement for Manchin’s support on health, energy and climate issues, as part of the once stalled reconciliation bill.
And in another poll that has the support of most Americans: term limits for Supreme Court justices.
In court cases and other legal news, two officers in the George Floyd case have been convicted and a man convicted in the Capitol riot will spend 63 months in prison. We review these stories and other legal cases.
🎧 What is the future of American democracy? Noam Chomsky discusses this topic, freedom of speech and more on the Utterly Moderate podcast.
And in other national news, a report shows millennials haven’t strayed from their homes and a WWII veteran has been honored.
Are the US and Russia close to a prisoner swap that would bring WNBA star Brittney Griner home? We examine this story as well as concerns about a potential trip by Speaker of the House Nancy Pelosi to Taiwan, the threat of nuclear weapons from North Korea, the Pope’s trip to Canada and other international news.
In health and science news, President Biden has recovered from COVID-19 case, latest on Monkeypox, concerns over benefits of vitamin D supplements, future of pelicans on the Gulf Coast and a deep dive into the Tuskegee Syphilis Study.
– Compiled and narrated by Terry Lipshetz from Associated Press reports
🎧 “Revenge” is a fictional riff on the true crime podcast genre and it hits theaters this week. Learn more about Streamed & Screened.