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Love Island Season 4 Episode 8: Sydney and Andy Split, Due To Mady??

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Love Island Season 4 Episode 8: Sydney And Andy Split, Due To Mady??

In Love Island Season 4 Episode 8, it seems that many couples will end up splitting. The couples have seen many things so far. The couple split up and then they patch it up. It will all start over again when two new islanders join them at the villa. In the meantime, Sydney will act […]

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US inflation slips from 40-year high but remains high at 8.5% – The Denver Post

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Us Inflation Slips From 40-Year High But Remains High At 8.5% - The Denver Post

By CHRISTOPHER RUGABER

WASHINGTON (AP) — Falling gasoline prices gave Americans a slight break from the pain of high inflation last month, though the surge in overall prices has slowed only slightly from the four-year high. decades reached in June.

Consumer prices jumped 8.5% in July from a year earlier, the government said on Wednesday, compared with a 9.1% year-on-year jump in June. Month-over-month prices remained unchanged from June to July, the smallest such increase in more than two years.

Yet prices have risen for a wide range of goods and services, making the situation worse for most Americans. Average paychecks are rising faster than they have in decades, but not fast enough to keep up with accelerating costs for items such as food, rent, automobiles and medical services.

Last month, excluding the volatile food and energy categories, so-called core prices rose just 0.3% from June, the smallest one-month increase in the other since April. And compared to a year ago, core prices rose 5.9% in July, the same year-over-year increase as in June.

President Joe Biden has pointed to falling gasoline prices as a sign that his policies – including large releases of oil from the country’s strategic reserve – are helping to reduce higher costs that have strained finances of Americans, especially for low-income Americans and Blacks and Hispanics. households.

Still, Republicans point to persistently high inflation as one of the main issues in the midterm congressional elections, with polls showing that high prices have sent Biden’s approval ratings plummeting.

On Friday, the House is set to give final congressional approval to a revived tax and climate package pushed by Biden and Democratic lawmakers. Economists say the measure, which its proponents have dubbed the Inflation Reduction Act, will have only a minimal effect on inflation over the next few years.

Although there are signs that inflation may ease in the coming months, it is likely to remain well above the Federal Reserve’s 2% annual target until next year or even until in 2024. Chairman Jerome Powell said the Fed should see a series of monthly cuts. readings of underlying inflation before considering suspending rate hikes. The Fed has raised its benchmark short-term rate in its past four rate-setting meetings, including a three-quarter point hike in June and July — the first such large increases since 1994.

A blockbuster jobs report for July that the government released on Friday – with 528,000 jobs added, wages rising and an unemployment rate at a half-century low of 3.5% – bolstered expectations that the Fed will announce another three-quarter point hike when it meets next in September. Robust hiring tends to fuel inflation because it gives Americans greater collective purchasing power.

A positive sign, however, is that Americans’ expectations for future inflation have declined, according to a survey by the Federal Reserve Bank of New York, likely reflecting lower gasoline prices that are very visible to most consumers.

Inflation expectations can be self-fulfilling: if people think inflation will stay high or get worse, they are likely to take actions – such as demanding higher wages – that can drive up prices in a self-perpetuating cycle. Companies then often increase their prices to compensate for the increase in their higher labor costs. But the New York Fed’s survey found that Americans expect lower inflation in the next one, three and five years than a month ago.

Supply chain issues are also easing, with fewer ships docked off Southern California ports and shipping costs falling. Prices for commodities such as corn, wheat and copper fell sharply.

Yet in categories where price changes are more rigid, such as rents, costs continue to rise. A third of Americans rent their homes, and higher rental costs leave many with less money to spend on other items.

Data from Bank of America, based on its accounts receivable, shows that rent increases have hit young Americans particularly hard. Average rent payments for so-called Gen Z renters (those born after 1996) jumped 16% in July from a year ago, while for baby boomers the increase was only by 3%.

Stubborn inflation is not just an American phenomenon. Prices have jumped in the UK, Europe and less developed countries like Argentina.

UK inflation rose 9.4% in June from a year earlier, a four-decade high. In the 19 countries that use the euro, it reached 8.9% in June compared to a year earlier, the highest since the start of the registration of the euro.

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Gas prices have fallen for 57 consecutive days.

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Gas Prices Have Fallen For 57 Consecutive Days.

U.S. gasoline prices have fallen for 57 straight days since hitting a high of more than $5 a gallon in June.

The national average gas price was $4.01 on Wednesday, according to AAA. That’s higher than a year ago, but still well below the all-time high of nearly $5.02 in mid-June (unadjusted for inflation). Energy costs are fueling general measures of inflation, so the decline is also good news for policymakers who have made limiting rising fuel prices a priority.

The decline reflects a number of factors: lower demand because high costs kept some drivers off the roads; a drop in world oil prices in recent months; and a handful of states suspending gasoline taxes. The drop was welcomed by the Biden administration, which has been orchestrating a campaign for months to lower gas prices and criticizes energy companies for profiting at the expense of American consumers.

Lower gasoline prices are also a positive signal for the economy, as businesses are under less pressure to pass on energy costs to their customers, which would add to the country’s inflation problem.

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latest news Hawaiian man arrested in Karen Stitt California murder case

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Latest News Hawaiian Man Arrested In Karen Stitt California Murder Case

Northern California authorities arrested a 75-year-old Hawaiian in connection with the rape and murder of a teenager in Sunnyvale nearly 40 years ago, using forensic genealogy to identify the suspect from his family tree.

Gary Ramirez was arrested Aug. 2 at his home in Makawao on the island of Maui, the Santa Clara County District Attorney’s Office announced Tuesday. Once extradited, he will be charged with murder with rape and kidnapping under special circumstances, as well as being armed with a dangerous or deadly weapon during the commission of a crime.

Karen Stitt, 15, of Palo Alto was last seen on the night of September 2, 1982. She and her 17-year-old boyfriend met at a 7-Eleven shortly before 9 p.m., walked to a miniature golf course and continued to Ponderosa Elementary School, according to a statement from Sunnyvale Det. Matthew Hutchison.

Hutchison’s statement was included with the charging documents filed against Ramirez. Stitt’s boyfriend has not been identified.

Around midnight, Stitt’s boyfriend drove her from school to the area near the convenience store so she could take a bus back to Palo Alto, Hutchison said.

The boyfriend “later told police that he felt bad leaving her alone, but he didn’t want to get in trouble with his parents for coming home late,” according to the statement.

At around 10.45am the next morning, a lorry driver discovered what he thought was the naked body of a woman lying in the bushes at the base of a cinder block retaining wall along the driveway of the Woolworth Garden Center, where he was making a delivery, Hutchison said. .

Stitt’s wrists were bound behind his back with his shirt, his jacket was tied around his left ankle, and a bloodstain was found above the cinder block wall just above his body.

A medical examiner found she had been stabbed 59 times in the neck, chest, abdomen and back, Hutchison said. The cause of his death was found to be “stab wounds to the chest and neck”.

Stitt’s body was found about 100 yards from the bus stop, and investigators noted that leaves and dirt around her feet had been disturbed and kicked, “suggesting she was still alive when his body was moved there,” Hutchison said.

A thorough investigation failed to identify a suspect and the case went cold for 20 years.

In 2000, DNA analysis technology allowed investigators to build a genetic profile of the suspect from a sample taken from the bloodstain on the cinderblock wall above Stitt, Hutchison said. . Swabs taken from the scene along with items taken from Stitt’s body were also sent to the Santa Clara County crime lab.

Investigators found that DNA from an unknown man taken from the sample on the wall matched the profile of DNA found on Stitt’s jacket and sperm found on vaginal slides taken during her autopsy.

A DNA sample from Stitt’s then-boyfriend did not match and he was ruled out as a suspect, the detective said. No match was found after matching the unknown profile against a national DNA crime database.

Hutchison said that in 2021 he received a tip that a male member of the Ramirez family may have killed Stitt, kicking off his genealogy research.

US census records and other public databases showed the family lived in Fresno, about 160 miles from Sunnyvale, as early as 1950, according to the detective’s statement.

Hutchison discovered that there were four living Ramirez brothers; further investigation ruled out two of the brothers, and he was unable to conclusively rule out a third, leading him to focus on Gary Ramirez.

In early March, Hutchison took to social media to identify Ramirez’s daughter, and he “obtained a sample” of her DNA on April 8. Court documents did not specify how the detective obtained the sample.

Investigators found “very strong statistical support” linking DNA from Ramirez’s daughter to unknown male DNA from the Stitt crime scene, the detective said, establishing Ramirez as the prime suspect.

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Apple Pay launched in Malaysia – TechCrunch

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Apple Pay Launched In Malaysia – Techcrunch

Apple launched Apple Pay, which lets customers make payments in stores and online via iPhone, iPad, Apple Watch or Mac, in Malaysia on Tuesday. Currently, Apple Pay is supported for Malaysian customers using Visa and MasterCard cards from banks such as AmBank, Maybank and Standard Chartered Bank, with support for American Express cards expected later this year.

The Cupertino-based company has partnered with retail outlets like KFC, Maxis, Machines, McDonald’s, Mydin, Pizza Hut, Starbucks, U Mobile, Uniqlo, Village Grocer and Watsons, and online marketplaces like Shopee , Sephora, Atom and Adidas on the merchant side.

The official announcement comes days after Ambank, a local bank, prematurely released details about the launch of Apple Pay in the country.

The local media report suggests that other contactless payment services such as Samsung Pay, Visa PayWave or Mastercard PayPass require customers to enter a PIN for transactions over RM250 ($56.1), users of ‘Apple Pay can simply authenticate these transactions via Face ID, Touch ID or password. Apple Pay simply follows the limits set by the customer’s bank.

Malaysia is only the second country to get Apple Pay in Southeast Asia after the service launched in Singapore in 2016.

Reports from various banks suggest customers are rapidly embracing digital payments in Malaysia. In 2021, digital transactions hit the 7.2 billion mark, recording 30% year-over-year growth. A report by Bank Negara Malaysia noted that last year the average person made 221 digital transactions compared to 170 in 2020. A study by the Malaysia Digital Economy Corporation (MDEC) and IDC suggested that the gross value of transactions e-commerce in the country would reach RM25.2 billion ($6 billion) in 2022.

Apple has faced an antitrust case in the EU over restrictions preventing companies from using the iPhone’s NFC stack to create Apple Pay competitors.

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US inflation slips from 40-year peak but remains high 8.5%

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Us Inflation Slips From 40-Year Peak But Remains High 8.5%

By CHRISTOPHER RUGABER

WASHINGTON (AP) — Falling gas prices gave Americans a slight break from the pain of high inflation last month, though the surge in overall prices slowed only modestly from the four-decade high it reached in June.

Consumer prices jumped 8.5% in July compared with a year earlier, the government said Wednesday, down from a 9.1% year-over-year jump in June. On a monthly basis, prices were unchanged from June to July, the smallest such rise more than two years.

Still, prices are spiking across a wide range of goods and services, leaving most Americans worse off. Average paychecks are rising faster than they have in decades — but not fast enough to keep up with accelerating costs for such items as food, rent, autos and medical services.

President Joe Biden has pointed to declining gas prices as a sign that his policies — including large releases of oil from the nation’s strategic reserve — are helping lessen the higher costs that have strained Americans’ finances, particularly for lower-income Americans and Black and Hispanic households.

Yet Republicans are stressing the persistence of high inflation as a top issue in the midterm congressional elections, with polls showing that elevated prices have driven Biden’s approval ratings down sharply.

On Friday, the House is poised to give final congressional approval to a revived tax-and-climate package pushed by Biden and Democratic lawmakers. Economists say the measure, which its proponents have titled the Inflation Reduction Act, will have only a minimal effect on inflation over the next several years.

While there are signs that inflation may ease in the coming months, it will likely remain far above the Federal Reserve’s 2% annual target well into next year or even into 2024. Chair Jerome Powell has said the Fed needs to see a series of declining monthly core inflation readings before it would consider pausing its rate hikes. The Fed has raised its benchmark short-term rate at its past four rate-setting meetings, including a three-quarter point hike in both June and July — the first increases that large since 1994.

A blockbuster jobs report for July that the government issued Friday — with 528,000 jobs added, rising wages and an unemployment rate that matched a half-century low of 3.5% — solidified expectations that the Fed will announce yet another three-quarter-point hike when it next meets in September. Robust hiring tends to fuel inflation because it gives Americans more collective spending power.

One positive sign, though, is that Americans’ expectations for future inflation have fallen, according to a survey by the Federal Reserve Bank of New York, likely reflecting the drop in gas prices that is highly visible to most consumers.

Inflation expectations can be self-fulfilling: If people believe inflation will stay high or worsen, they’re likely to take steps — such as demanding higher pay — that can send prices higher in a self-perpetuating cycle. Companies then often raise prices to offset higher their higher labor costs. But the New York Fed survey found that Americans’ foresee lower inflation one, three and five years from now than they did a month ago.

Supply chain snarls are also loosening, with fewer ships moored off Southern California ports and shipping costs declining. Prices for commodities like corn, wheat and copper have fallen steeply.

Yet in categories where price changes are stickier, such as rents, costs are still surging. One-third of Americans rent their homes, and higher rental costs are leaving many of them with less money to spend on other items.

Data from Bank of America, based on its customer accounts, shows that rent increases have fallen particularly hard on younger Americans. Average rent payments for so-called Generation Z renters (those born after 1996) jumped 16% in July from a year ago, while for baby boomers the increase was just 3%.

Stubborn inflation isn’t just a U.S. phenomenon. Prices have jumped in the United Kingdom, Europe and in less developed nations such as Argentina.

In the U.K., inflation soared 9.4% in June from a year earlier, a four-decade high. In the 19 countries that use the euro currency, it reached 8.9% in June compared with a year earlier, the highest since record-keeping for the euro began.

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The government invites companies wishing to set up private telecommunications networks to apply

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The Government Invites Companies Wishing To Set Up Private Telecommunications Networks To Apply

By PTI August 10, 2022, 6:04 PM IST (Released)

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The Department of Telecommunications has invited companies wishing to set up non-public captive networks to undertake application studies for direct allocation of spectrum to entities, an official statement said on Wednesday. Companies with a net worth above Rs 100 crore and wishing to set up non-public captive networks by obtaining spectrum directly from the Department of Telecommunications (DoT) are invited to participate in the exercise.

The Department of Telecommunications has invited companies wishing to set up non-public captive networks to undertake application studies for direct allocation of spectrum to entities, an official statement said on Wednesday.

Companies with a net worth of at least Rs 100 crore and wishing to set up non-public captive networks by obtaining spectrum directly from the Department of Telecommunications (DoT) are eligible.

The government had issued the “Guidelines for Non-Public Captive Network License (CNPN)” on June 27 to establish the legal framework for CNPNs. “The guidelines provide that companies seeking to establish a CNPN may obtain spectrum on lease from telecommunications service providers or directly from the DoT. These guidelines also provide that the DoT will undertake studies of demand for direct allocations of spectrum to companies implementing CNPNs,” the statement said.

The DoT has now launched a module on the Saralsanchar portal to carry out the demand studies. “Companies with a net worth above Rs 100 crore and wishing to set up CNPNs by obtaining spectrum directly from the DoT are invited to participate in this exercise,” the statement said.

The application window is open from August 10 to September 9. The DoT proposed the direct allocation of spectrum to companies for CNPN despite opposition from telecom operators.

The ministry is also to seek Trai’s opinion on the price at which spectrum should be allocated to companies.

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