How the Job Market Is Faring as Fed Shifts Focus to Employment

Federal Reserve Chairman Jerome Powell, in his prepared speech at the recent Jackson Hole Economic Symposium, said: "It seems unlikely that the labor market will be a source of elevated... ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
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August 29, 2024
WORDS OF WISDOM
"Moderation in temper is always a virtue; but moderation in principle is always a vice."
THOMAS PAINE
Good morning! Today we bring you these stories: the FBI has revealed new details about the Trump shooter, Texas has removed 1 million ineligible voters from its rolls, Ukraine is advancing its peace plan, and a new study shows that more than half of commercial baby foods are considered unhealthy.

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TOP NEWS
How the Job Market Is Faring as Fed Shifts Focus to Employment
How the Job Market Is Faring as Fed Shifts Focus to Employment
Federal Reserve Chairman Jerome Powell, in his prepared speech at the recent Jackson Hole Economic Symposium, said: "It seems unlikely that the labor market will be a source of elevated...
FBI Reveals New Details About Trump Shooter
FBI Reveals New Details About Trump Shooter
The man who tried to assassinate former President Donald Trump spent months planning an attack, looking at various potential targets before settling on Trump, FBI officials said on Aug. 28...

Ukraine's Peace Plan

Ukraine hopes to present a plan for ending its ongoing conflict with Russia to U.S. leaders next month, Ukrainian President Volodymyr Zelenskyy said.

"The main point of this plan is to force Russia to end the war," Zelenskyy said on Aug. 27. "I want that very much." However, he stressed that any negotiated settlement should be "fair for Ukraine."

Speaking to reporters, Zelenskyy said Kyiv's ongoing offensive in Russia's Kursk region, now in its fourth week, was part of the plan. He did not provide additional details, but he said he hoped to present the initiative to President Joe Biden sometime next month, and hoped to also present it to Vice President Kamala Harris and former President Donald Trump. Read the full story here›


Half of Baby Foods in Stores Are Unhealthy

Many foods marketed for infants and toddlers are unhealthy and may lead to increased obesity, poor dietary habits, and chronic diseases, according to a new study examining many of the most common products.

Researchers analyzing 651 products from 10 U.S. grocery chains discovered that 60 percent of the processed foods fell short of nutritional requirements set by the World Health Organization. The foods sampled were intended for children 6 to 36 months old. The study excluded infant formula, electrolytes, and toddler milk, which are regulated separately.

"The lowest compliance was found for total protein and total sugar, with over 70% of products failing to meet protein requirements and 44% exceeding total sugar recommendations," the researchers wrote in the study published last week in the journal Nutrients. Read the full story here›


France Charges Telegram Founder

French authorities on Aug. 28 issued preliminary charges against Telegram CEO Pavel Durov, accusing him of permitting alleged criminal activity on the messaging app. The charging decision comes four days after French authorities detained Durov at the Paris–Le Bourget Airport, as he arrived on his private jet from Azerbaijan.

Earlier on Aug. 28, Durov was released from police detention and ordered to appear in court for further consideration of his case. A French court also ordered Durov to pay 5 million euros ($5.5 million) in bail and to report to a police station twice per week, according to a statement from the Paris prosecutor's office.

Allegations against the Russia-born Durov, who is a French citizen, include that his platform is being used for child sexual abuse material and drug trafficking and that Telegram has refused to cooperate with criminal investigators. Read the full story here›

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