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Bulletin: Poland Shoots Down Russian Drones After Airspace Violation (Bloomberg)
Prime Minister Donald Tusk said the airspace violation in the early hours of Wednesday amounted to an intentional provocation from Moscow, forcing the NATO and European Union member state to close its airspace and order citizens in the eastern part of the country to stay indoors.
CEO Perspectives: Dimon Says US Economy Is Weakening After Record Jobs Data Revision (Bloomberg)
JP Morgan CEO Jamie Dimon said the latest Bureau of Labor Statistics revision is further proof that the US economy is battling a slowdown. The number of workers on payrolls will likely be revised down by a record 911,000, or 0.6%, according to the government’s preliminary benchmark revision out Tuesday. It showed average monthly job growth was roughly half of what the data previously indicated.
“The economy is weakening,” Dimon said in a TV interview on Tuesday. “Whether that is on the way to recession or just weakening, I don’t know.”
Fresh Uncertainty Hits US Workers: American Workers' Confidence About Finding a New Job Hits Record Low (Wall Street Journal)
The perceived probability of finding a new job in the next three months dropped by 5.8 percentage points to 44.9%, the lowest score since the Fed started surveying households on the subject in 2013. The decline was broad-based across age, income and education groups, but was most pronounced among people with a high school education.
Inflation Watch: Gasoline Electricity Prices Go Up for Americans as Gas Prices Fall (US Energy Information Administration Press Room)
In its latest forecast, the Energy Information Administration said electricity prices were headed up in the US: EIA expects the average residential price of electricity in the United States will increase from 16.5 cents per kilowatt hour in 2024 to about 17.9 cents per kilowatt hour in 2026. The rising natural gas price is a key driver of rising retail electricity prices in EIA’s forecast because natural gas is the top source of U.S. electricity generation. At the same time, U.S. drivers are on track to spend the smallest share of their disposable income on gasoline in 20 years, according to the EIA.
Higher Ed Latest: US Commerce Secretary Howard Lutnick Says US Should Take a Chunk of Universities' Patent Revenue (Axios)
The Trump administration, which has been pushing deeper into control over — and profit from — the private sector, now aims to do the same in academia, capturing potentially tens or hundreds of billions of dollars in future upside from the work of university scientists.
Fed Independence Watch: Trump Can’t Fire Fed Governor Lisa Cook for Now, Judge Says (Bloomberg)
In an early victory for the embattled economist, US District Judge Jia Cobb in Washington granted Cook’s request to continue working for now. The ruling means Cook can likely attend a highly anticipated Fed policy meeting Sept. 16-17 to vote on whether to lower interest rates.
Mideast Latest: Israel Attacks Hamas in Doha, Drawing Rare Rebuke From US (Bloomberg)
Israel conducted a strike against senior Hamas leaders in the Qatari capital of Doha, escalating an already tense standoff between the country and Arab nations over the war in Gaza.
President Trump made a rare public break with Israeli Prime Minister Benjamin Netanyahu, saying the leader’s decision to launch a unilateral attack against Hamas in Qatar “does not advance Israel or America’s goals.”
Israel has never previously attacked Qatar, and the strike is likely to further anger Arab nations already on edge about the Palestinian death toll in Gaza and the humanitarian impact of the war. Qatar is also an ally of the US, which has so far supported Israel’s military actions against Hamas and other Tehran-backed militant groups, as well as the airstrikes on Iran itself three months ago.
France Latest: President Emmanuel Macron Appoints Ally Sebastien Lecornu as France’s New Prime Minister (Bloomberg)
Lecornu, who served as defense minister in the previous cabinet, will become the country’s fifth prime minister in two years. The last two premiers were ousted after trying to pass budgets that would sharply reduce France’s deficit, the widest in the euro area.
US News You Can Use: How to Get a Coronavirus Vaccine and Who’s Eligible Amid Limited Access (Washington Post)
Extreme Weather Alert: Ancient California Sequoias Threatened by Giant Wildfire in Sierra National Forest (Washington Post)
California’s beloved giant sequoia trees — the largest trees in the world that can live for thousands of years — are being threatened by the 54,900-acre Garnet Fire that entered the McKinley Grove in the Sierra National Forest on Monday. And firefighters are going to great lengths to protect the towering trees — from
running a 24-hour sprinkler to
deploying parachuting firefighters that have been specially trained to scale the trees to extinguish treetop fires sparked by drifting embers.
Record Summer Blazes Overwhelm EU: How Europe Lost an Area the Size of Cyprus to Wildfires This Year (Bloomberg)
Climate change is playing a major role in the endless scenes of smoke and fire. Europe is the world’s fastest-warming continent, and the searing heat and drought that fueled this summer’s blazes will intensify in the coming decades, setting the stage once again for strong winds to fan flames and spread fires. Yet global warming is only part of the story: a lack of coordination between agencies, fragmented land ownership and under-resourced fire services also turned many outbreaks into uncontrollable blazes.
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Tomorrow: Annual 9/11 Remembrance to Honor Victims of Terror Attack 24 Years Ago (ABC Eyewitness News)
In New York City, family members of the victims will gather on the Memorial plaza of the National September 11 Memorial & Museum to read aloud the names of those killed in the 9/11 attacks and in the 1993 World Trade Center bombing.
Wherever you are, you can participate with museum's #RemembertheSky digital commemoration by snapping a photo of the sky above you and posting on social media to acknowledge that the same big sky connects us all. Learn more about how you can support or visit the museum here.
NYC Save The Date: Bloomberg Philanthropies Global Forum, Set for September 24, Announces Speakers (Bloomberg Philanthropies)
Mike Bloomberg, Bill Gates, Adam Silver, Shemara Wikramanayake, Ajay Banga, Djimon Hounsou, Dr. Sidi Ould Tah, Henry M. Paulson, Chiney Ogwumike, Masai Ujiri, and other leading voices will address attendees at the Forum, which will be held alonngside the 80th United Nations General Assembly on September 24. Learn more here.
Congrats! Bloomberg Philanthropies’ Patti Harris and Laura Dern Honored at Oceana’s New York Gala (Variety)
Harris, the CEO of Bloomberg Philanthropies, was honored for her organization's longtime support for Oceana's mission that is dedicated to ocean conservation. In 2014, Bloomberg Philanthropies awarded Oceana a grant to expand its campaigns to Brazil and the Philippines, and in the years since, the non-profit has continued to support Oceana’s campaigns, which have led to policy victories that protect coral reefs and marine habitat, rebuild fisheries and bring greater transparency to fishing vessels.
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