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How will the searing inflation in us affect India?

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How Will The Searing Inflation In Us Affect India?
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By CNBCTV18.com Sep 14, 2022, 4:29 PM STI (Update)

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A rise in the cost of goods in the United States leads to a rise in the prices of those goods imported by India. Besides staples like edible oils and pulses, fuel prices are being affected by soaring inflation in the United States.

The Indian rupee depreciated 43 paise to 79.60 against the dollar on Wednesday following a sell-off in global markets following higher-than-expected inflation in the United States. The Indian currency opened at 79.58 against the greenback in the interbank foreign exchange market on Wednesday and fell to 79.60, down 43 paise from its last close, PTI reported. On September 13, the rupee appreciated 36 paise to close at 79.17 against the dollar.

Meanwhile, domestic gold prices extended losses on Indian exchanges on Wednesday, with MCX gold futures falling 0.19% to 50,043 rupees per 10 grams.

“Gold and silver dipped in a very volatile session after US CPI data and dollar index strength,” said Manoj Kumar Jain, head of commodities and stocks research. currencies at Prithvi Finmart. Jain added that gold and silver are likely to remain volatile during today’s session.

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On September 13, the US government said inflation rose 8.3% year-on-year in August. In May, US inflation was 8.6% and reached 9.1% in June. It then fell to 8.5% in July. Even if inflation data in the United States were to show a downward trend, underlying inflation could continue to worry economists, analysts and stock investors.

Impact on investment portfolio

Historically, long-term inflation has caused a recession in the United States. Struggling to bring inflation down, the US Federal Reserve will consider raising interest rates. Stock market investors react strongly to changes in key rates. Therefore, Indian investors can expect a change in their investment portfolio. Growth stocks are primarily affected by changes in interest rates because their fund managers use a discounted cash flow model to assign values ​​to these stocks. As interest rates rise, fund managers tend to assign less value to growth stocks.

Cost of goods

A rise in the cost of goods in the United States leads to a rise in the prices of those goods imported by India. Besides commodities like edible oils and pulses, fuel prices are affected by rising inflation in the United States. A rise in the price of energy is a concern for the government as India is a net importer of crude oil and has to pay huge bills to buy it.

Investors pull out

As interest rates rise, investors will begin to withdraw money from riskier investments like stocks, commodities and foreign markets. A flight of foreign portfolio investors (REITs) from equity and bond markets could further weaken the rupiah even as the dollar strengthens on rate hikes.

Should India be worried?

Earlier this month, Moody’s Investors Service maintained a sovereign rating on India at Baa3 with a stable outlook, saying the impact of the Russian-Ukrainian war, high inflation and global financial conditions were unlikely to have an impact. impact on the country’s recovery from the COVID-19 pandemic. .

“With higher capital buffers and greater liquidity, banks and non-banking financial institutions (NBFIs) pose far less risk to the sovereign than we previously anticipated, facilitating the ongoing recovery from the pandemic,” the rating agency said.

In a press note, the agency said that the country’s current economic environment could lead to a gradual reduction in the general budget deficit over the next few years. However, he cited increasing debt burden and low debt affordability as some risks.

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Mid-trip, Viking Cruises cancels voyage from New Orleans to St. Paul

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Mid-Trip, Viking Cruises Cancels Voyage From New Orleans To St. Paul
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After waiting two days for his luxury cruise to push north past Vicksburg, Miss., Pennsylvania State University journalism professor R. Thomas Berner learned that Viking Cruises was throwing in the proverbial towel on his two-week Mississippi River adventure to St. Paul.

“We have just been turned around and are headed for the closest port,” said Berner, 78, in an email Thursday from the 386-passenger Viking Mississippi. “The Coast Guard, we were told, has shut down the entire river. We will be bused to Memphis in the morning.”

For Viking Cruises, launching luxury excursions up and down the Mississippi River has been a slog marked by construction and regulatory delays, canceled trips and customers who have taken to Facebook to vent their disappointments.

The muddy Mississippi this week saddled Viking with yet another setback — low water levels that have grounded barges, backed up river traffic for days in both directions and caused Viking to rethink its remaining itineraries.

An effort to reach a Viking spokesperson for comment Friday was not successful.

RIVER CRUISES

Employees of St. Paul-area tour companies say they’ve been informed that all Viking cruises on the north end of the Mississippi River have been canceled for the rest of the season, and travel likely limited to the 400 miles of river between New Orleans and Memphis. That amounts to a third of the 1,200 miles between New Orleans and St. Paul.

Viking competitors have wasted no time in marketing themselves as the smart alternative.

In an email Friday, a spokesperson for American Cruise Lines said their five Mississippi River boats — which are half the size of the Viking Mississippi — are all operating according to schedule along the upper and lower sections of the river.

“Looking ahead into the weekend, it is possible that we may experience some itinerary changes but American has been cruising the Mississippi for over a decade and we are well-experienced in addressing occasional changes due to conditions along the river,” said Alexa Paolella, an American Cruise Lines public relations manager.

LACK OF RAINFALL

The lack of rainfall caused Viking last weekend to relocate a scheduled Oct. 1 departure from New Orleans and depart instead from Baton Rouge. Some satisfied customers took to social media to say the international cruise company had accommodated them with free hotel stays, city tours and a shuttle ride to the port.

Problems soon escalated when low river levels created a logjam of tows and barges, including at least eight groundings of barges carrying too much cargo for water conditions, according to the Associated Press. The Viking Mississippi traveled north from Baton Rouge about 150 miles to Vicksburg, Miss., where it halted Tuesday while waiting for the river to reopen.

On Thursday morning, Berner received written word from Viking that his trip to St. Paul was over, and he’d soon be disembarking and taking a bus to Memphis.

A Viking cruise scheduled Oct. 15 from St. Paul to New Orleans has been canceled.

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Youth basketball in St. Paul sees nearly 40 percent registration increase, city to waive fees for kids 9 to 18

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Youth Basketball In St. Paul Sees Nearly 40 Percent Registration Increase, City To Waive Fees For Kids 9 To 18
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Kids in St. Paul have shown they want to play basketball, and the city has created an easier path for them to take the court.

With federal funding from the America Rescue Plan Act, the city’s parks and recreation department has waived fees for kids ages 9 to 18 for basketball and other sports for the next three years.

The city has seen a 38 percent increase in registrations from 2021 to 2022. While the more than 1,250 signups represent a return to pre-pandemic levels, it shows the barrier registration feels ranging from $25 to $40 presented to some families.

“I’m super proud of this,” St. Paul Mayor Melvin Carter Tweeted on Friday. “It’s one of the coolest things we’ve done. And not just basketball – we used #AmericanRescuePlan funds to ditch fees for all sports & @SaintPaulParks is currently serving 1000+ more youth than this time last year.”

Andy Rodriguez, the director of St. Paul parks and recreation, said that dollar amount might sound modest.

“But honestly, for a family that might be a tank of gas or some other (essential item) versus playing basketball for the season,” he said. “With those fees going away, families don’t have to make that decision anymore.”

St. Paul will spend $1.5 million of ARPA funds on its rec centers. That will include waiving fees for all sports offered, including baseball, softball, volleyball and soccer. The federal funs will also be directed toward expanded rec center hours of operation and mobile rec programs such as climbing walls, game trucks and other programming, Rodriguez said.

“It’s a really big investment into our people and our communities, and it contributes to public safety,” Rodriguez said. “If you are in organized programs or are participating in organized activity with something positive, that’s what we want.”

But what St. Paul will do with youth sports registration fees once the federal money runs out in three years is yet to be seen.

“Three years is good runway to problem solve,” Rodriguez said. “I think when we get to the end of that we will have some good data to show what we can do to keep this moving.”

The city’s youth basketball season runs from late October to January with games between teams at different rec centers and tournaments that branch out of the city limits.

The city has 26 rec centers and Rodriguez estimates 20 have youth teams. Battle Creek leads the way with 11 teams, while Hayden Heights, McDonough and Dayton’s Bluff were centers that didn’t regularly field teams, but now have squads.

“It’s a really encouraging participation trend to see new teams at rec centers that don’t traditionally have them,” Rodriguez said. “I think that is the silver lining out of all this.”

Rodriguez said he anticipates registrations to continue to tick upward as the season approaches at the end of the month.

Registration for basketball can be found online at: www.stpaul.gov/departments/parks-and-recreation/athletics/youth-athletics/youth-basketball.

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Ime Udoku’s Mistress Revealed As 34-year-old Married Kathleen Nimmo Lynch

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Ime Udoku’s Mistress Revealed As 34-Year-Old Married Kathleen Nimmo Lynch
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The puzzle of the most odious affair has finally been solved. And it keeps getting ickier! The misery woman Bolton Celtic’s head Coach Ime Udoku had the sh-tty affair with is identified as 34-year-old Kathleen Nimmo Lynch, a staunch Mormon. Kathleen works under Ime Udoku as the service manager responsible for the team’s traveling. She allegedly catered for Nia Long‘s recent trip before sleeping with her partner Ime Udoku.

45-year-old Ime Udoku put his career on the line for 2-minute banging with a married mother of three. Yes, Ime was engaged and with a child, and Kathleen was married with kids too.

However, Ime has lost it all due to the icky affair. He is currently suspended as the head coach of the Bolton Celtic. And also Nia Long, his ex-fiancé has left together with their 11-year-old son. An affair to die for indeed!

However, Kathleen’s crappy act is the ultimate disgrace to Danny Ainge, who got her the job at Bolton Celtic. These two’s mess keeps getting worse for their families.

Via Daily Mail:

The Boston Celtics employee whose affair with head coach Ime Udoka led to his suspension can finally be revealed. 

The female employee is team service manager Kathleen Nimmo Lynch, 34, a married mother-of-three, DailyMail.com can disclose. The Celtics have not identified the woman Udoka was involved with, but Lynch’s name had been leaked online.

She served as a team liaison arranging travel, lodging and game tickets for Celtics family members at home and on the road, and is likely to have arranged travel for Udoka’s fiancée, actress Nia Long.

A source familiar with the investigation told DailyMail.com that the affair was consensual, short lived, and had ended by the time investigators got involved.

Lynch has longstanding personal ties with the team’s legendary former player Danny Ainge, who was the team’s executive director of basketball operations before leaving the franchise last year. 

Ainge, 63, a fellow devout Mormon, helped her land her job. 

A source familiar with the investigation told DailyMail.com that Ainge learned early in the summer that the Celtics had initiated an investigation into Udoka’s relationship with Lynch, but he did not intervene in the investigation or decision to suspend the coach.

The source added, however, that Ainge was deeply disappointed by the affair, especially given the fact they have families.

This lousy act of these grown a**es is vile and has cost the people closest to them lots of embarrassment. Ime Udoka is paying for it dearly but Kathleen aside from the public humiliation is yet to face any punishment from Bolton Celtic.

Here are photos of married woman Kathleen Nimmo Lynch:

1665172000 421 Ime Udokus Mistress Revealed As 34 Year Old Married Kathleen Nimmo Lynch
1665172001 945 Ime Udokus Mistress Revealed As 34 Year Old Married Kathleen Nimmo Lynch
1665172002 843 Ime Udokus Mistress Revealed As 34 Year Old Married Kathleen Nimmo Lynch

The post Ime Udoku’s Mistress Revealed As 34-year-old Married Kathleen Nimmo Lynch appeared first on TheGossipScoop.com.

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Uvalde schools suspend entire police force

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Uvalde Schools Suspend Entire Police Force
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By Paul J. Weber | Associated Press

AUSTIN, Texas — Uvalde’s school district on Friday pulled its embattled campus police force off the job following a wave of new outrage over the hiring of a former state trooper who was part of the hesitant law enforcement response during the May shooting at Robb Elementary School that left 21 dead.

School leaders also put two members of the district police department on administrative leave, one of whom chose to retire instead, according to a statement released by the Uvalde Consolidated Independent School District. Remaining officers will be reassigned to other jobs in the district.

The extraordinary move by Uvalde school leaders to suspend campus police operations — one month into a new school year in the South Texas community — underscored the sustained pressure that families of some of the 19 children and two teachers killed in the May 24 attack have kept on the district.

Brett Cross, whose 10-year-old son Uziyah Garcia was among the victims, had been protesting outside the Uvalde school administration building for the past two weeks, demanding accountability over officers allowing a gunman with an AR-15-style rifle to remain in a fourth-grade classroom for more than 70 minutes.

Uvalde families have said students in the district are not safe so long as officers who waited so long to confront and kill the gunman remain on the job.

“We did it!” Cross tweeted.

The Uvalde school district had five campus police officers on the scene of the shooting, according to a damning report from Texas lawmakers that laid out multiple breakdowns in the response. A total of nearly 400 officers responded, including school district police, the city’s police, county sheriff’s deputies, state police and U.S. Border Patrol agents, among others.

The fallout Friday is the first in Uvalde’s school police force since the district fired former police Chief Pete Arredondo in August. He remains the only officer to have been fired from his job following one of the deadliest classroom attacks in U.S. history.

The district said it would ask the Texas Department of Public Safety, which had already assigned dozens of troopers to the district for the school year, for additional help. Spokespersons for the agency did not immediately return messages seeking comment Friday.

“We are confident that staff and student safety will not be compromised during this transition,” the district said in a statement.

The statement did not specify how long campus police operations would remain suspended.

The move comes a day after revelations that the district not only hired a former DPS trooper who was one of the officers who rushed to the scene of Robb Elementary, but that she was among at least seven troopers later placed under internal investigation for her actions.

Officer Crimson Elizondo was fired Thursday, one day after CNN first reported her hiring. She has not responded to voicemails and messages left by The Associated Press.

Steve McCraw, the head of the state’s Department of Public Safety, has called the law enforcement response to the shooting an “abject failure.” McCraw has also come under pressure as the leader of a department had more than 90 troopers on the scene but still has the support of Republican Gov. Greg Abbott.

On Thursday, after Elizondo was fired, Abbott called it a “poor decision” for the school to hire the former trooper and that it was up to the district to “own up to it.”

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Biden’s ‘Armageddon’ talk edges beyond bounds of US intel

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Biden’s ‘Armageddon’ Talk Edges Beyond Bounds Of Us Intel
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By AAMER MADHANI, ELLEN KNICKMEYER and JOSH BOAK

WASHINGTON (AP) — President Joe Biden’s warning that the world is at risk of a nuclear “Armageddon” was designed to send an unvarnished message that no one should underestimate the extraordinary danger if Russia deploys tactical nuclear weapons in its war against Ukraine, administration officials said Friday.

The president’s grim assessment, delivered during a Democratic fundraiser on Thursday night, rippled around the globe and appeared to edge beyond the boundaries of current U.S. intelligence assessments. U.S. security officials continue to say they have no evidence that Vladimir Putin has imminent plans for a nuclear strike.

Biden veered into talk about Ukraine at the end of his standard fundraising remarks, saying that Putin was “not joking when he talks about the use of tactical nuclear weapons or biological or chemical weapons.”

“We have not faced the prospect of Armageddon since Kennedy and the Cuban Missile Crisis,” he added. He suggested the threat from Putin is real “because his military is — you might say — significantly underperforming.”

White House press secretary Karine Jean-Pierre on Friday did not directly respond to a question about whether Biden had gone into the event intending to invoke Armageddon, as the White House sought to clarify the president’s off-the-cuff comments.

She told reporters: “Russia’s talk of using nuclear weapons is irresponsible and there’s no way to use them without unintended consequences. It cannot happen.” She added that “if the Cuban missile crisis has taught us anything, it is the value of reducing nuclear risk and not brandishing it.”

Biden’s national security team for months has warned that Russia could use weapons of mass destruction in Ukraine as it has faced a series of strategic setbacks on the battlefield. But the president’s remarks were the starkest warnings yet by the U.S. government about the nuclear stakes.

One U.S. official said Biden was also trying to warn against underestimating the danger any level of tactical nuclear weapons.

There’s some concern in the administration that Russia has determined it can use its nuclear arsenal in a manner short of a “full-blown” nuclear attack on Ukraine and face only limited reaction from U.S. and Western allies who are determined to keep the Ukraine conflict from turning into a broader war, according to the official, who spoke on condition of anonymity to discuss administration thinking

Putin has repeatedly alluded to using his country’s vast nuclear arsenal, including last month when he announced plans to conscript Russian men to serve in Ukraine.

“I want to remind you that our country also has various means of destruction … and when the territorial integrity of our country is threatened, to protect Russia and our people, we will certainly use all the means at our disposal,” Putin said. “It’s not a bluff.”

In Europe, leaders sought to turn down the volume after Biden’s stark warning.

Asked about Biden’s remarks, French President Emmanuel Macron said it was crucial to speak with care on the nuclear threat.

“I have always refused to engage in political fiction, and especially … when speaking of nuclear weapons,” Macron said at a EU summit in Prague. “On this issue, we must be very careful.”

European Council President Charles Michel told reporters that leaders take “every escalation very seriously,”

“Threats will not intimidate us,” Michel said. “Instead, we are going to remain calm. We are going to keep cool heads and we will, each time, denounce the irresponsible character of these threats.”

Jean-Pierre reiterated on Friday the U.S. has “not seen any reason to adjust our own strategic nuclear posture nor do we have indications that Russia is preparing to imminently use nuclear weapons.”

It’s not the first time that Biden’s comments have appeared to push against the margins of U.S. policy.

Last month, Biden, in a CBS “60 Minutes” interview, said that “U.S. forces, U.S. men and women, would defend Taiwan in the event of a Chinese invasion. ”

The White House said after the interview that U.S. policy toward Taiwan hasn’t changed. That policy says Washington wants to see Taiwan’s status resolved peacefully but doesn’t say whether U.S. forces might be sent in response to a Chinese attack.

In March, as he wrapped up a speech in Warsaw, Biden seemed to call for the ouster of Putin, saying, “For God’s sake, this man cannot remain in power.” Before Biden could even board Air Force One to begin the flight back to Washington, aides were scrambling to clarify that he wasn’t calling for an immediate change in government in Moscow.

Earlier that month, Biden called Putin a “war criminal” for the Russian onslaught in Ukraine before the White House walked back the comments. The White House had been avoiding applying the “war criminal” label to Putin, because it requires investigation and an international determination.

After Biden used the term, his then-press secretary, Jen Psaki, said the president was “speaking from his heart” and clarified that the administration acknowledged there is a process for making a formal determination.

As for Biden’s latest eyebrow-raising remarks, “People sort of say, ‘Oh, yeah, it’s Biden. You know, he says this stuff,’” said Hans Kristensen, director of the Nuclear Information Project at the Federation of American Scientists, and a veteran of nuclear policy research.

“But overseas countries are saying, ‘Whoa, this is what the U.S. president says,”’ Kristensen said. “And so that means we have to be really careful about using big words” that in themselves can escalate nuclear tensions unintentionally.

Biden’s strong choice of words could have an have an unintended impact with Russia, Kristensen said, the biggest problem with the president’s latest comments.

“It’s quite clear to me that Putin will be looking at this and say to himself ’Wow, you know, I got their attention now. So they’re really afraid.’”

___

Associated Press writers Sylvie Corbet in Prague, Lorne Cook in Brussels and Zeke Miller in Washington contributed reporting. Boak reported from Hagerstown, Maryland.

___

Follow AP’s coverage of the war in Ukraine at

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Five questions facing Twins as they head into the offseason

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Five Questions Facing Twins As They Head Into The Offseason
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The Twins headed into the 2022 season with a rebuilt roster and their eyes set on a return to the postseason after a disappointing fifth-place finish in the American League Central division the year prior.

That, of course, didn’t happen.

A September collapse left a team that was in first place for most of the season on the outside looking in as the playoffs kicked off on Friday. The Twins concluded their season Wednesday with a 78-84 record, a full 14 games back from division-winning Cleveland, a team which they were tied with atop the division as late as Sept. 4.

Here are five questions facing the Twins as the offseason begins:

What will happen with Carlos Correa?

The decision is Carlos Correa’s: The star shortstop can opt into the second season of his contract, or he can decide to test free agency for the second straight season. The decision on his opt out must be made no later than five days after the conclusion of the World Series.

But really, Correa has shifted the decision to the Twins: They can offer him a long-term deal, one that would far exceed anything they’ve ever doled out, or they can watch him depart for elsewhere.

Correa has talked about how much he loved it in Minnesota and his interest in staying. But he’s also made it clear that he’s looking for a long-term home, and the most likely scenario is that he finds that with a different organization.

The 28-year-old finished his season hitting .291 with a .834 OPS and 140 OPS+ (100 is league average). His 5.4 bWAR (Wins Above Replacement per Baseball Reference) led the Twins, and he quickly became a clubhouse leader with his new team.

“Hopefully the Twins can see the player that I am, the person that I am, the passion that I have for this game and the love that I have for this game, and we can get into some serious conversations,” Correa said Wednesday.

If Correa doesn’t come back, what will the Twins do at shortstop?

When the Twins first signed Correa, the expectation was that they could pivot to Royce Lewis, who, like Correa, a No. 1 overall draft pick. But Lewis’s first season in the majors ended shortly after it started with a second anterior cruciate ligament surgery in his right knee; he also had surgery on his ACL in spring 2021, missing all of last season.

His timeline would not have him ready to return by Opening Day next season, which means if Correa departs, the Twins will need a different plan. Brooks Lee, the No. 8 pick in the draft, made it all the way to Double-A before the end of the season, but it doesn’t seem as if he would be ready by Opening Day either.

While there are a number of players who theoretically could play shortstop for a period of time to start the season, including Jorge Polanco, Nick Gordon and Jermaine Palacios, none are true answers or good options there, which could leave the Twins looking externally for a shortstop for a third straight season.

What staff changes will the Twins make?

President of baseball operations Derek Falvey already has said that manager Rocco Baldelli will be back in the dugout for his fifth season in Minneapolis next year. But will there be other changes to the coaching staff? And to the medical staff?

The Twins changed pitching coaches abruptly at the end of June when Wes Johnson departed to take the same job at Louisiana State University. In his place, they promoted bullpen coach Pete Maki to his role and run prevention coordinator Colby Suggs into Maki’s former role.

As they enter the offseason, the Twins could opt to embark on a more thorough pitching coach search.

There’s also questions on the medical side, and the Twins could choose to make changes after they placed 32 different players on the injured list during the course of the season, many for extended periods of time, or repeat visit for the same injury.

Falvey will meet with the media on Monday at Target Field and any potential changes will likely be announced then.

Will the Twins upgrade their pitching rotation?

On paper, the Twins have a glut of starting pitchers coming back next season. Sonny Gray (whom they hold a team option on that they are expected to exercise), Tyler Mahle and Joe Ryan could front the rotation.

After missing all of this season following Tommy John surgery in September 2021, Kenta Maeda is heading into the offseason healthy. Bailey Ober is too after missing most of this year with a groin injury. His performance after his September return featured a lot for the Twins to like.

Josh Winder, Simeon Woods Richardson and Louie Varland should provide good depth options for the Twins, and Chris Paddack (Tommy John surgery) is expected back near the end of the year.

But there’s also questions about the health of this group — Mahle had shoulder issues that forced him out down the stretch, Gray landed on the IL three separate times over the course of the season, Ober has had injury issues throughout his professional career and Maeda is coming off of a major surgery.

Further, this group lacks an ace, and if Correa bolts in free agency, the Twins would have plenty of money to devote to a top-tier starter.

Who can the Twins rely upon in the outfield?

The Twins’ outfield group was among the most injured: Byron Buxton, Max Kepler, Alex Kirilloff, Trevor Larnach and Kyle Garlick all ended the season on the IL. Three of them who are expected to be relied upon next season — Buxton, Kirilloff and Larnach — will all be coming off surgery.

Buxton had an arthroscopic procedure to address a knee issue that plagued him throughout the season. Will that completely address the issue?

Kirilloff, who also plays first base, played in just 45 games before requiring a second season-ending wrist surgery. Can the Twins reasonably know what to expect from the once-top prospect next year?

Larnach played in 51 games, requiring a core muscle surgery that kept him out for three months. As he was about to return, a wrist issue flared up.

And Kepler underperformed this season, hitting .227 with nine home runs and a 93 OPS+ (100 is league average) in 115 games. His .348 slugging percentage and .666 OPS were career lows. Could he possibly be a candidate to be traded?

Nick Gordon, a converted infielder, and Gilberto Celestino, who had his fair share of mental lapses, particularly on the bases, saw plenty of time in the outfield. As the season wore on and the injuries piled up, Jake Cave and Mark Contreras and Matt Wallner started seeing playing time in the outfield. Wallner, a Minnesota native who is one of the organization’s top prospects, should factor in the team’s plans going forward.

But with so many question marks surrounding the health of this group, will the Twins go out and supplement the outfield in any way this offseason?

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