The Star Bulletin - Daily News Updates

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Even a Soft Landing for the Economy May Be Uneven

Even a Soft Landing for the Economy May Be Uneven

Even a Soft Landing for the Economy May Be Uneven. One of the most significant economic tales of the past year was the complicated debate about what it was the U.S. economy was going into a recession , or just declining, with some altitude sickness, after the peak of growth following the pandemic's lows. In the coming year, these arguments and questions will likely to persist. It is known that the Federal Reserve has been steeply increasing the cost of borrowing for companies and individuals in an effort to limit spending and reduce inflation. However, the consequences are still affecting…
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The US Could Help Solve its poverty problem with a Universal Basic Income

The US Could Help Solve its poverty problem with a Universal Basic Income

The US Could Help Solve its poverty problem with a Universal Basic Income. Universal basic income would not cause adults to quit their jobs, and it could help lift millions of kids into better futures. The tax credits for children, initially created at the end of 1997 was extended to a full year in 2021 this was a significant social and political win for the nation. In a time where the epidemic was causing the financial burden of many families as well, the Biden administration's move not only made it easier to claim the tax credit, but also converted the…
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Wall Street listless ahead of two days of US employment data

Wall Street listless ahead of two days of US employment data

Wall Street listless ahead of two days of US employment data. The markets appeared to be slow in their progress in the early hours of Thursday ahead of further jobs data likely to show continued growth within the U.S. labor market. The futures of the Dow Jones industrials and the S&P 500 shifted between small gains and losses prior to the bell rang at the start of the day. It is expected that the U.S. government will release its weekly unemployment report on Thursday, and its highly-anticipated December jobs report on Friday. Employment numbers that are strong are seen as…
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US STOCK-FUTURES muted as Fed minutes signal tightening in the coming months

US STOCK-FUTURES muted as Fed minutes signal tightening in the coming months

US STOCK-FUTURES muted as Fed minutes signal tightening in the coming months. U.S. stock index futures were a bit sluggish on Thursday following the minutes of the December meeting of the Federal Reserve revealed the central bank's dedication to control inflation. Now, the focus is shifting to employment figures to get more information on the direction of rate hikes. The main indexes of Wall Street have erased some gains on Wednesday following a meeting minutes revealed the Fed was focused on tackling inflation, even as officials voted to slow down the rate hike rate to minimize risk in economic development.…
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US Soccer star’s mom says she made an allegation about the head coach of the national team for men Gregg Berhalter

US Soccer star’s mom says she made an allegation about the head coach of the national team for men Gregg Berhalter

US Soccer star's mom says she made an allegation about the head coach of the national team for men Gregg Berhalter. United States Men's National Team (USMNT) soccer player Gio Reyna's mom, Danielle, said Wednesday she was the person who first reported the incident in 1991 with US Soccer men's head coach Gregg Berhalter and his wife Rosalind. Reyna has said she informed United States Soccer Federation (USSF) director of sports Earnie Stewart of the incident on the 11th of December in the 2022 Qatar World Cup. In a statement made public through ESPN as well as Fox Sports, Reyna…
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US new drug price is higher than $200,000 median by 2022

US new drug price is higher than $200,000 median by 2022

US new drug price is higher than $200,000 median by 2022. After setting record-setting U.S. prices in the second half of 2022, pharmaceutical companies continued to introduce new medicines at a high cost during the second half of the year, an analysis of the starbulletin has revealed, highlighting their strength in spite of legislation designed to cut prices for older prescription medicines. The median annual cost of the 17 new drugs that have received U.S. Food and Drug Administration (FDA) approval since July 2022 is $193,900. This is less than $257,000 in the early part of 2022 Starbulletin discovered. In…
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European assets are rising as investors watch US economic data

European assets are rising as investors watch US economic data

European assets are rising as investors watch US economic data. Manufacturing and jobs numbers will be scrutinized for indications that the Federal Reserve's campaign to combat inflation is producing results. European shares continued to climb on Wednesday, while bonds across the region rose in the wake of investors getting over the problems of some of the nation's largest firms to concentrate on the latest indicators of a slowing in inflation. In the region, Stoxx Europe 600 added 1 percent in trading early which brought the gains to 3 percent, and London's FTSE 100 climbing 0.3 percent as well as France's…
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US permits the sale of abortion drugs in pharmacies

US permits the sale of abortion drugs in pharmacies

US permits the sale of abortion drugs in pharmacies. The FDA has implemented a regulation change to allow for greater the availability of the drug that was previously only able to be provided by special clinics and medical offices. Retail pharmacies will now be permitted for sale of abortion medications within the United States thanks to a regulation change by the Food and Drug Administration (FDA) that has recently updated its policies in its site. The companies GenBioPro along with Danco Laboratories, makers of the abortion pill mifepristone made the announcement in separate press releases cited by A majority of…
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France Prepares Green Industry Bill Echoing US Climate Law

France Prepares Green Industry Bill Echoing US Climate Law

France Prepares Green Industry Bill Echoing US Climate Law. French Finance Minister Bruno Le Maire said he will be presenting the "green industry" bill soon in the event that Europe wants to stop companies getting lured across the Atlantic by billions of dollars in subsidies in the United States' climate legislation. The new law in France will bring changes to taxation and regulation in order to facilitate the creation of low-carbon production, said Le Maire. about France. It will result in an incredibly eco-friendly industry in French soil by utilizing the production of hydrogen, electric batteries and nuclear energy, as…
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US reinstates Cuba visa program following the Havana syndrome scare

US reinstates Cuba visa program following the Havana syndrome scare

US reinstates Cuba visa program following the Havana syndrome scare. The United States Embassy in Cuba resumed consular and visa operations on Wednesday, for the first time in the year 2017 when staff members fell ill with an unknown illness that is known as Havana syndrome. Cubans looking to visit the US were required to file visa applications in another country  usually Guyana between now and. "The United States is working to ensure safe, legal, and orderly migration of Cubans by expanding consular operations in Havana and restarting the Cuban Family Reunification Parole Program (CFRP)," the Embassy stated in a…
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US House in chaos after Kevin McCarthy loses speaker votes

US House in chaos after Kevin McCarthy loses speaker votes

US House in chaos after Kevin McCarthy loses speaker votes. In a day filled with high drama in politics, Republican leader Kevin McCarthy was repeatedly unsuccessful in his attempt to become Speaker in the US House of Representatives. The House ended without any Speaker on the night of Tuesday, the first time since 1923 that they failed to select the speaker after the first round vote. The beginning of a new Congress was meant to be a celebration of those in the Republican Party as it took control of the lower chamber following the November elections. However, President McCarthy was…
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Foreign Exchange Dollar rises in a tepid start to the new year

Foreign Exchange Dollar rises in a tepid start to the new year

Foreign Exchange Dollar rises in a tepid start to the new year. The euro-area economy is preparing for a recession, fears regarding the supply of gas during winter are lessened, which means the recession might not be as dire as was thought ago. Eurozone wages are increasing faster than anticipated as well. The European Central Bank (ECB) should ensure that this doesn't add to the already high rate of inflation ECB Chief Christine Lagarde declared this weekend. The dollar climbed on Monday, but it was able to pull away from its recent lows of just six months against a range…
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European markets kick off the New Year on a high note

European markets kick off the New Year on a high note

European markets kick off the New Year on a high note. European market prices started this New Year on a high note on Monday (2 January) after a turbulent 2022, which saw International Monetary Fund (IMF) chief Kristalina Georgieva warning that three-quarters of the global economy is in danger of recession by 2023. The Paris CAC 40 climbed over 1% as did the Frankfurt DAX increased by 0.7 percent. However, London, Wall Street and oil markets were shut to celebrate the holidays. The majority of Asian stock markets were closed. The ones that did open, Jakarta was flat while Seoul…
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Kratos to Supply XQ-58A Valkyrie Stealth Drones to US Navy

Kratos to Supply XQ-58A Valkyrie Stealth Drones to US Navy

Kratos to Supply XQ-58A Valkyrie Stealth Drones to US Navy. The US Navy has awarded a $15.5-million contract to Kratos Defense & Security Solutions for two XQ-58A Valkyrie Unmanned Aerial Systems (UAS). As per the US Department of Defense, drones will come equipped with sophisticated sensors as well as weapon systems payloads that will aid in different missions. The company will offer integration of systems testing, ground and logistical operations for flights, and maintenance. It will also aid in future demonstrations and flight tests at test ranges run by the government. Looted Ancient Sarcophagus Returned to Egypt From US The…
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Scientists discover Hepatitis C virus critical protein structure

Scientists discover Hepatitis C virus critical protein structure

Scientists discover Hepatitis C virus critical protein structure. It is estimated that around 60 million people worldwide suffer from chronic HCV-related infections. The virus infects the liver cells, causing the condition of a "silent" infection for decades until liver damage is sufficient to trigger symptoms. A team of scientists from Scripps Research and the University of Amsterdam is achieving an important goal in the field of virology that is mapping, with high resolution, the critical proteins that examine the surface of Hepatitis C virus (HCV) and allow the virus to enter the host cell. The research, published in Science on…
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S.Korea will invest $5.3 billion in science research and development by 2023

S.Korea will invest $5.3 billion in science research and development by 2023

S.Korea will invest $5.3 billion in science research and development by 2023. Seoul: South Korea will invest 6.7 trillion won ($5.3 billion) in research and development in 2023, as the nation is seeking to secure the most important emerging technologies to create growth engines for the future in the field of science, the ministry of science announced on Sunday. The Ministry of Science and ICT announced that the budgeted amount was the equivalent of a 3.9 percent increase over 2021. Of the total, around 3.4 trillion won were put aside for crucial new technologies in the future, like artificial intelligence…
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Canada is the second most favorable location on Earth in terms of equality in healthcare

Canada is the second most favorable location on Earth in terms of equality in healthcare

Canada is the second most favorable location on Earth in terms of equality in healthcare. The health system can be not fun , however, a new study by an U.K.-based health-care software company indicates that Canada is the second-highest developed nation in the world to allow women to get care. The research conducted from Radar Healthcare is in stark contrast to the warnings of Canadian doctors, politicians and experts in policy who claim the health system is in desperate need of improvement. An opinion piece published from The Montreal Gazette points readers to an Fraser Institute study that suggests Canada…
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Meta acquires 3D smart glass maker Luxexcel

Meta acquires 3D smart glass maker Luxexcel

Meta acquires 3D smart glass maker Luxexcel. Meta (formerly Facebook) has bought the Dutch-based company that makes 3D Smart Glass Luxexcel and is doubling down on its metaverse vision in 2023. Luxexcel is able to integrate the components necessary to provide an AR (AR) experience with the lens of a prescription like holographic films and projectors, as reported by The Verge. Meta has not disclosed the amount it paid for the acquisition of the company. We're delighted to announce that our Luxexcel team is now part of Meta and is enhancing the existing collaboration between both firms," Meta said in…
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Consumer Confidence Index Reaches Highest Level Since April

Consumer Confidence Index Reaches Highest Level Since April

Consumer Confidence Index Reaches Highest Level Since April. You're sick of hearing warning after warning of the possibility of a recession, which is normal. Experts have been warning for months regarding an economic slowdown. So it's tough to be happy regarding the economy given all of this. However, new data suggests that people are optimistic regarding the current economic situation. In fact the Conference Board's monthly consumer confidence index was at 108.3 in December, that's a big increase of 101.4 in November. This is also the highest reading since the month of April. Consumers are feeling more comfortable overall It's…
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The Cradle is a tribute to the place where it all began for professional foresters within the US

The Cradle is a tribute to the place where it all began for professional foresters within the US

The Cradle is a tribute to the place where it all began for professional foresters within the US. In the middle of Pisgah National Forest near Brevard in Brevard, the Cradle for Forestry in America. The unique site of heritage significance commemorates the beginning of professional forestry within the United States. As we will discover, the events that took place throughout Western North Carolina at the beginning of the 19th century have a major part in the current management of private and public forests across our nation. Forestry is the occupation that involves the science and art of managing our…
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