Extra, Extra
Cut Short: “The report will likely add to worries from some economists that the Federal Reserve has waited too long to cut interest rates in its bid to stamp out inflation.” U.S. unemployment rate ticks up to 4.3% amid signs of broader economic slowdown. The market is not happy. Meanwhile, Intel is laying off over 15,000 employees and will stop ‘non-essential work.’
+ Dinner Roles: “For the first time in years, people’s grocery hauls are getting bigger. And many are choosing to splurge a bit at the supermarket over going out to eat, prompting fast-food and other chains to step up deals and meal combos.” Inflation math is changing America’s dinner plans.
+ Venezuela Vent: The US secretary of state has said there was “overwhelming evidence” Venezuela’s opposition won the recent presidential election.
+ Cairo-ing Machine: “Five days before Donald Trump became president in January 2017, a manager at a bank branch in Cairo received an unusual letter from an organization linked to the Egyptian intelligence service. It asked the bank to ‘kindly withdraw’ nearly $10 million from the organization’s account — all in cash.” More great (even though it probably won’t make a difference) investigative reporting about potential corruption in the most corrupt administration ever. Also a preview of what’s to come if Trump isn’t defeated. WaPo (Gift Article): $10M cash withdrawal drove secret probe into whether Trump took money from Egypt.
+ Sasquatch, Listen, and Learn: “As a thirty-six-year-old progressive, I was an outlier in this crowd. But, like many, I was a believer.” The Paris Review:
