Psaki, who stepped aside from her Biden administration role earlier this month, will host a show being developed for streaming, set to launch in early 2023.
Credit: The Hollywood Reporter Duration: 01:06Published
The US president urged a greater effort to stop Putin's aggression. âIt's a global issue,â he told the âQuadâ summit with Japan, Australia and India.
Credit: euronews (in English) Duration: 03:44Published
Describing Indiaâs ties with the US as a âpartnership of trustâ, PM Modi on Tuesday said the two countries shared the same perspective about the.. IndiaTimes
S&P 500 Falls Into
Bear Market Territory , From January High.
The term "bear market" refers to a value loss of
20 percent or more from the most recent high.
On May 20, after the index fell below 3,837,
the S&P 500 was trending to close at just over
20 percent down from the bull market high on Jan. 3.
The reality is the market is likely to remain under pressure until peak inflation has been priced in, Fiona Cincotta, Forex.com,
via 'The New York Times'.
We arenât there yet, Fiona Cincotta, Forex.com,
via 'The New York Times'.
Analysts pointed to traders' fears in regard
to the general outlook for what's ahead.
For the majority of the bull market since the March 2020 low, investors have had reasons to buy the dips, Kevin Gordon, Charles Schwab, via CNN.
Given this slowdown is looking more 'natural' and protracted, there is a heightened degree of fear and not knowing where
to hide, Kevin Gordon, Charles Schwab, via CNN.
Other analysts pointed out that recession fears, while understandable, may be premature.
In the last three bear markets, where there was no recession,
the decline was 21.3% and weâre basically there, Julian Emanuel, Evercore ISI, via CNBC.
During the past three bear markets when there was a recession, on average the market had fallen more than 45 percent.
Despite this, analysts
were hard-pressed
to see a silver lining to
the day's developments.
Any positivity is being sold in a very heavy and high-volume fashion, and that's
very concerning, Keith Buchanan, Globalt Investments, via Reuters.
It feels like it's fear driven, Keith Buchanan, Globalt Investments, via Reuters
Credit: Wibbitz Top Stories Duration: 01:31Published
Russia To Shut Off Gas to Finland , on May 21.
On May 20, just days after
Finland officially applied to join NATO.
On May 20, just days after
Finland officially applied to join NATO.
Gasum, the country's state-owned gas wholesaler, issued a statement that
Russian natural gas imports will be halted.
On the afternoon of Friday, May 20, Gazprom Export informed Gasum that natural gas supplies to Finland under Gasumâs supply contract will be cut on Saturday, May 21, 2022 at 07.00, Gasum, via statement, as reported by CNBC.
Gasum CEO Mika Wiljanen also issued a statement informing the people of Finland that they were prepared for this to happen...
... and provided that there will be no disruptions in the gas transmission network, we will be able to supply all our customers with gas in the coming months, Mika Wiljanen, Gasum CEO, via statement, as reported by CNBC.
Gasum will supply natural gas to its customers from other sources through the Balticconnector pipeline. Gasumâs gas filling stations in the gas network area will continue in normal operation, Mika Wiljanen, Gasum CEO, via statement, as reported by CNBC.
CNBC reports Finland previously
refused to pay in rubles for the Russian gas.
A reason for the gas shutoff
has not been given.
but CNBC reports it may have been a
retaliatory move by Russia since Finland
refused to pay in rubles and applied to join NATO.
but CNBC reports it may have been a
retaliatory move by Russia since Finland
refused to pay in rubles and applied to join NATO
Credit: Wibbitz Top Stories Duration: 01:30Published
US Soccer Agrees to Equal Pay Deal , for Menâs and Womenâs Teams.
CNBC reports that on May 18, the U.S. women's national soccer team (USWNT) reached an equal pay deal with the U.S. Soccer Federation (USSF) after years of battling the gender wage gap.
CNBC reports that on May 18, the U.S. women's national soccer team (USWNT) reached an equal pay deal with the U.S. Soccer Federation (USSF) after years of battling the gender wage gap.
U.S. Soccer President Cindy Parlow Cone said, "This is a truly historic moment.".
These agreements have changed the game forever here in the United States and have the potential to change the game around the world, Cindy Parlow, U.S. Soccer President, via statement.
According to an official announcement, U.S. Soccer is set to become âthe first Federation in the world to equalize FIFA World Cup prize money.â.
The agreements, which are good through 2028, also guarantee that men and women are paid the same appearance fees and game bonuses.
They will also be paid an equal portion of
what U.S. Soccer makes from its
sponsorship deals and other revenue.
Additional benefits will include child care, parental leave, equal access to quality venues and playing surfaces and more. .
In 2016, Becky Sauerbrunn, Hope Solo, Carli Lloyd, Alex Morgan and Megan Rapinoe went to the Equal Employment Opportunity Commission with a discrimination complaint.
In 2016, Becky Sauerbrunn, Hope Solo, Carli Lloyd, Alex Morgan and Megan Rapinoe went to the Equal Employment Opportunity Commission with a discrimination complaint.
In 2016, Becky Sauerbrunn, Hope Solo, Carli Lloyd, Alex Morgan and Megan Rapinoe went to the Equal Employment Opportunity Commission with a discrimination complaint.
In 2016, Becky Sauerbrunn, Hope Solo, Carli Lloyd, Alex Morgan and Megan Rapinoe went to the Equal Employment Opportunity Commission with a discrimination complaint.
In 2016, Becky Sauerbrunn, Hope Solo, Carli Lloyd, Alex Morgan and Megan Rapinoe went to the Equal Employment Opportunity Commission with a discrimination complaint.
In 2019, 28 USWNT members
filed a lawsuit against the USSF.
The $24 million settlement agreed upon by the USWNT and USSF earlier this year was contingent on establishing a new collective bargaining agreement between the two entities.
In an interview with 'Today,' Sauerbrunn said,
"I am feeling extreme pride.".
To be able to say finally, equal pay for equal work feels very, very good, Becky Sauerbrunn, on 'Today'
Credit: Wibbitz Top Stories Duration: 01:31Published
White House Hits Back at , Inflation Criticism From Jeff Bezos.
White House Hits Back at , Inflation Criticism From Jeff Bezos.
President Joe Biden and the billionaire founder of Amazon have been sparring on Twitter since May 13. .
You want to bring down inflation? Letâs make sure the wealthiest corporations pay their fair share, President Joe Biden, via Twitter.
Biden's tweet seemed aimed at Amazon.
Bezos' reaction via Twitter is notable because it refers to the Biden administration's approach to rising inflation as a "misdirection.".
Raising corp taxes is fine to discuss. Taming inflation is critical to discuss. , Jeff Bezos, via Twitter.
Mushing them together is
just misdirection, Jeff Bezos, via Twitter.
Bezos has also criticized the president's Build Back Better plan, the passage of which Bezos claims has stoked inflation.
Part of the Build Back Better legislation includes increasing taxes for the wealthiest Americans and corporations.
Bezos suggested that Build Back Better has been detrimental to the poorest Americans
who are usually hit hardest by inflation.
White House spokesman Andrew Bates responded to Bezos' suggestion.
Itâs [...] unsurprising that this tweet comes after the president met with labor organizers, including Amazon employees, Andrew Bates, White House Spokesperson,
via CNBC.
Bezos accused Bates of attempting to "muddy the topic.".
They know inflation hurts the neediest the most. But unions arenât causing inflation and neither are wealthy people, Jeff Bezos, via Twitter.
Biden has openly supported workers' rights to unionize, specifically at Amazon.
The choice to join a union belongs to workers alone. By the way, Amazon, here we come, President Joe Biden, via CNBC.
The Twitter squabble is the first time
Biden and Bezos have publicly squared off
Credit: Wibbitz Top Stories Duration: 01:31Published
Starbucks To Cover Travel Costs for , Employees Seeking Abortions, Gender-Affirming Surgeries.
CNBC reports that on May 16, the coffee chain revealed it will now pay for eligible travel expenses for its workers who seek the medical procedures.
If access to abortion or gender-affirming surgery isn't available within 100 miles of where an employee lives, Starbucks will reimburse their travel costs.
This offer extends to dependents
of Starbucks employees as well.
Other companies that have pledged to reimburse workers for travel costs in search of access to safe abortions include Amazon.
Other companies that have pledged to reimburse workers for travel costs in search of access to safe abortions include Amazon.
Apple, Microsoft and Salesforce.
Apple, Microsoft and Salesforce.
Apple, Microsoft and Salesforce.
The companies' promises come after a leaked Supreme Court draft revealed intentions to overturn Roe v. Wade.
CNBC reports Starbucks has long
championed liberal causes.
In addition to offering to cover travel costs
for certain medical procedures, .
Starbucks' health insurance has covered
gender reassignment surgery since 2012 and other gender-affirming procedures since 2018
Credit: Wibbitz Top Stories Duration: 01:30Published
Biden Administration , To Take Steps To Address Record-High, Drug Overdose Deaths.
NPR reports the Biden Administration has announced its first detailed plan to curb the meteoric rise in drug overdose deaths in the United States.
NPR reports the Biden Administration has announced its first detailed plan to curb the meteoric rise in drug overdose deaths in the United States.
Officials say an emphasis on harm reduction will characterize the administration's
efforts moving forward.
White House officials say they intend to increase access to clean needles, fentanyl testing strips and naloxone, a drug that rapidly reverses opioid overdoses.
White House officials say they intend to increase access to clean needles, fentanyl testing strips and naloxone, a drug that rapidly reverses opioid overdoses.
The most important action
we can take to save lives, right now, is to have naloxone in the hands of everyone who needs it without fear or judgment. , Dr. Rahul Gupta, director of the White House Office
of National Drug Control Policy, via NPR.
Per the CDC, over the duration of a year ending in November 2021, around 106,854 Americans died from a drug overdose, which is a new record for the United States.
The Biden Administration reportedly intends to double the amount of those admitted to treatment facilities by 2025.
The national drug control strategy envisions major expansions in access to treatment and harm reduction, which will save many lives. , Dr. Josh Sharfstein, Johns Hopkins
Bloomberg School of Public Health, via NPR.
Strategies supported by
evidence and compassion have the best chance of reaching people and helping them to
regain control of their lives. , Dr. Josh Sharfstein, Johns Hopkins
Bloomberg School of Public Health, via NPR.
Strategies supported by
evidence and compassion have the best chance of reaching people and helping them to
regain control of their lives. , Dr. Josh Sharfstein, Johns Hopkins
Bloomberg School of Public Health, via NPR.
Experts say the new plan from the
White House "is a call to action,
to beat the overdose epidemic.".
This is not a red state issue or blue state issue. , Dr. Rahul Gupta, director of the White House Office
of National Drug Control Policy, via NPR.
This is America's issue. , Dr. Rahul Gupta, director of the White House Office
of National Drug Control Policy, via NPR
Credit: Wibbitz Top Stories Duration: 01:30Published
Transportation Mask Mandate , Extended by, Biden Administration.
On April 13, the CDC announced that the Biden administration is extending airplane and transit mask mandates for another 15 days.
On April 13, the CDC announced that the Biden administration is extending airplane and transit mask mandates for another 15 days.
Set to expire on April 18, masks will now be required through May 3.
Set to expire on April 18, masks will now be required through May 3.
The CDC continues to monitor the spread of Omicron, particularly the BA.2 subvariant.
The CDC continues to monitor the spread of Omicron, particularly the BA.2 subvariant.
Since early April, there have been increases in the 7-day moving average of cases in the U.S. In order to assess the potential impact the rise of cases has on severe disease, including hospitalizations and deaths, and health care system capacity, the CDC Order will remain in place at this time, CDC, via statement.
Since early April, there have been increases in the 7-day moving average of cases in the U.S. In order to assess the potential impact the rise of cases has on severe disease, including hospitalizations and deaths, and health care system capacity, the CDC Order will remain in place at this time, CDC, via statement.
CNBC reports that airlines have continually asked Biden to end mask mandates and other COVID restrictions.
CNBC reports that airlines have continually asked Biden to end mask mandates and other COVID restrictions.
Last month, the CDC said it would team up with other government agencies to figure out âwhen, and under what circumstances, masks should be required in the public transportation corridor.â.
Last month, the CDC said it would team up with other government agencies to figure out âwhen, and under what circumstances, masks should be required in the public transportation corridor.â
Credit: Wibbitz Top Stories Duration: 01:30Published
Biden Administration
Offers New Start, for Student Loan Borrowers in Default.
CNBC reports that as the Biden Administration announced another four-month pause on student loan payments.
there was more good news for borrowers who had fallen behind on their payments before the COVID-19 pandemic.
The U.S. Department of Education says it could soon pull millions of borrowers out of default by marking their accounts as current.
Officials believe borrowers deserve a
"fresh start" on the repayment of their loans.
By eliminating the effects of defaulted and delinquent loans, the U.S. Education Department wants to help borrowers "reenter repayment in good standing.".
Higher education experts say delinquencies start
to appear on credit reports after three months,
though defaulted loans may take up to a year.
Officials say delinquent accounts will
reflect current status automatically.
According to CNBC, wage garnishment
and collections will also end.
Student loan repayments should resume
in September, though experts say another extension could be possible.
If borrowers experience difficulty
repaying their student loans, officials
say to apply for economic hardship or unemployment deferment.
which caps the amount on monthly payments and cancels any remaining debt after 20 to 25 years.
which caps the amount on monthly payments and cancels any remaining debt after 20 to 25 years
Credit: Wibbitz Top Stories Duration: 01:30Published
Texas Governor Abbott Says , State Will Bus Migrants to Washington, D.C.
Greg Abbott, the Republican Governor
of Texas, said on April 6 that migrants who
enter the state via the southern border
upon the lifting of Title 42...
Greg Abbott, the Republican Governor
of Texas, said on April 6 that migrants who
enter the state via the southern border
upon the lifting of Title 42...
... will be bussed or flown to Washington, D.C.,
and left for the Biden Administration to handle.
Title 42, a public health order, has
caused over 1.7 million migrants to get expelled from the United States in the
name of controlling coronavirus.
Immigration advocates say Abbott, who is up
for reelection, has favored fancy political stunts
over any solution to the crisis at the border.
He uses human beings as political piñatas to score political points six months before his election. , Domingo Garcia, national president of the League
of United Latin American Citizens, via 'The Washington Post'.
It is mean-spirited to
use refugeesâ lives to manipulate public opinion. , Domingo Garcia, national president of the League
of United Latin American Citizens, via 'The Washington Post'.
Texas state officials say they intend to begin busing migrants who have been released from federal custody as soon as they can.
Abbott says moving migrants to D.C. would
help those âwhose communities are being overwhelmed,â hinting that the state would
give the feds a taste of their own medicine.
We are sending them to the United States capital, where the Biden administration will be able to more immediately address the needs
of the people that they are allowing
to come across our border. , Gov. Greg Abbott, via 'The Washington Post'.
Officials expect that when Title 42 is lifted, as many as 18,000 migrants could enter the country each day.
Because Joe Biden is not securing the border, the state of Texas is having to step up. , Gov. Greg Abbott, via 'The Washington Post'
Credit: Wibbitz Top Stories Duration: 01:30Published
Republican-Led States Move , To Sue Biden Administration for, Lifting Border Policy Title 42 .
'Fox News' reports that on April 4,
three Republican-led states
announced their lawsuit ...
... recently filed against the Biden Administration for halting Title 42.
... recently filed against the Biden Administration for halting Title 42.
Title 42 is a public health order put in place during the onset of the COVID-19 pandemic.
It has since been used to expel migrants
at the southern border between
the United States and Mexico.
According to 'Fox News' the lawsuit has
been filed by the attorneys general of Missouri, Arizona and Louisiana.
This suit challenges an imminent, man-made, self-inflicted calamity: , Statement from the attorneys general of
Arizona, Lousiana and Missouri, via 'Fox News'.
the abrupt elimination of the only safety valve preventing this administrationâs disastrous border policies from devolving into an unmitigated catastrophe. , Statement from the attorneys general of
Arizona, Lousiana and Missouri, via 'Fox News'.
the abrupt elimination of the only safety valve preventing this administrationâs disastrous border policies from devolving into an unmitigated catastrophe. , Statement from the attorneys general of
Arizona, Lousiana and Missouri, via 'Fox News'.
We want to stop the Biden administration from rescinding Title 42 because it may be one
of the most boneheaded decisions of this administration... , Arizona Attorney General Mark Brnovich, via 'Fox & Friends'.
I'm doing everything I can to
hold the Biden administration accountable and stop them from destroying our southern border. , Arizona Attorney General Mark Brnovich, via 'Fox & Friends'.
I'm doing everything I can to
hold the Biden administration accountable and stop them from destroying our southern border. , Arizona Attorney General Mark Brnovich, via 'Fox & Friends'.
Despite fears of a massive wave of immigrants into the United States
due to Title 42's cancellation.
the Biden administration announced that
it will be ending the policy on May 23.
the Biden administration announced that
it will be ending the policy on May 23
Credit: Wibbitz Top Stories Duration: 01:30Published
EU and US Partner, to Ensure Food Security, and Access to Fertilizer.
Al Jazeera reports that the European Union and
the United States are preparing to launch a new
platform meant to address food security. .
Al Jazeera reports that the European Union and
the United States are preparing to launch a new
platform meant to address food security. .
The move comes as Russia's invasion of Ukraine
has curbed access to staple crops and
fertilizers originating in the region.
The move comes as Russia's invasion of Ukraine
has curbed access to staple crops and
fertilizers originating in the region.
Here is clearly a need for how to best
align approaches to support these
countries as the EU and US are major
players and international donors, Valdis Dombrovskis, EU trade chief, via Al Jazeera.
There are clearly disruptions
and we need to see how we
are diversifying the supply, Valdis Dombrovskis, EU trade chief, via Al Jazeera.
Al Jazeera reports that the new platform will be part
of the Trade and Technology Council established to
strengthen economic ties between the EU and the U.S. .
Al Jazeera reports that the new platform will be part
of the Trade and Technology Council established to
strengthen economic ties between the EU and the U.S. .
Senior officials are scheduled to meet on May 15 and 16 to coordinate their efforts on areas including export controls, semi-conductors and procurement.
The U.S. will reportedly be represented by Secretary
of State Antony Blinken, Commerce Secretary Gina Raimondo and Trade Representative Katherine Tai.
The U.S. will reportedly be represented by Secretary
of State Antony Blinken, Commerce Secretary Gina Raimondo and Trade Representative Katherine Tai.
The U.S. will reportedly be represented by Secretary
of State Antony Blinken, Commerce Secretary Gina Raimondo and Trade Representative Katherine Tai.
While the EU side will include Dombrovskis,
Margrethe Vestager, the EUâs digital affairs chief,
and Thierry Breton, the head of internal markets.
While the EU side will include Dombrovskis,
Margrethe Vestager, the EUâs digital affairs chief,
and Thierry Breton, the head of internal markets.
While the EU side will include Dombrovskis,
Margrethe Vestager, the EUâs digital affairs chief,
and Thierry Breton, the head of internal markets.
The group is reportedly aimed at ensuring
the supply of agri-food commodities,
particularly for developing nations. .
According to Dombrovskis, while the EU is not currently facing
a food security crisis, the new platform could also help curb, "food affordability issues.â.
According to Dombrovskis, while the EU is not currently facing
a food security crisis, the new platform could also help curb, "food affordability issues.â
Credit: Wibbitz Top Stories Duration: 01:31Published
Research Suggests , the Pandemic has Accelerated , the Decline of the
American Middle Class.
According to 'U.S. News & World Report,' Pew Research
Center data suggests that the COVID-19 pandemic impacted
lower- and middle-income households the hardest.
Meanwhile, another Pew report
shows that America's middle class
has shrunk in the past 50 years. .
The Pew reports suggest that the economic
fallout of the pandemic has only accelerated, the decline of the U.S. middle class.
In 1971, , 61% of U.S. households , were considered middle class.
By 2021, that number plummeted 50%. .
At the same time, the percentage of Americans in the upper-income level rose from 14% to 21%.
Over the same period, , those in the lower-income bracket , rose from 25% to 29%. .
Household incomes have risen considerably
since 1970, but those of middle-class
households have not climbed nearly as much
as those of upper-income households, Rakesh Kochbar and Stella Sechopoulos, Pew Research
Center report authors, via 'U.S. News and World Report'.
The middle class, once the economic stratum of a clear majority of American adults, has steadily contracted in the past five decades, Rakesh Kochbar and Stella Sechopoulos, Pew Research
Center report authors, via 'U.S. News and World Report'.
According to Pew's COVID-19 study, 15% of adults experienced some form of unemployment in 2020.
Comparatively, 28.2% of lower-income adults experienced unemployment, while only 7.8% of upper-income workers suffered the same fate. .
Pew considers lower-income households as those
earning under $52,000 annually, while upper-income
households make over $156,000 a year
Credit: Wibbitz Top Stories Duration: 01:31Published
The Kashmir Files director Vivek Agnihotriâs presser was canceled by FCC & PCI, which the director has called as undemocratic.
#TheKashmirFiles #VivekAgnihotri #PCI
President Biden's Virtual, "Summit for Democracy", Begins at White House.
President Biden's Virtual, "Summit for Democracy", Begins at White House.
CNN reports President Joe Biden's virtual
"Summit..
Credit: Wibbitz Top Stories Duration: 01:31Published
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