Published on

07-07-2023

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Fed Likely to Resume Interest Rate Hikes as Economy Shows Strength

The latest evidence of economic strength makes it all but certain that the Fed will resume its interest rate hikes later this month. Despite the smallest increase in hiring in 2 1/2 years, the job market remains durable with historically high number of job openings and a low unemployment rate. Average work week length and wage growth have also increased, indicating strong customer demand and faster pay gains. The report provides some evidence of slower hiring, which may reassure the Fed that the economy is moderating. Overall, the economy continues to expand and demand for workers remains high.

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Two people rescued by Border Patrol agents in Arizona

Border Patrol agents in Arizona rescue two U.S. citizens in critical condition near the Mexican border. Agents provided shade, cooled them down with water, and administered medical treatment before requesting an air evacuation. A hoist rescue was performed and both patients were transported to a medical center for further treatment.

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Biden's Remarks on Health Care Costs and Initiatives

President Biden plans to address health care costs and initiatives in his upcoming remarks. The Department of Health and Human Services estimates that 18.7 million Medicare beneficiaries will save 400peryearonprescriptiondrugcostsduetoacaponoutofpocketspending.BidenhasemphasizedhispoliciestohelpfamiliesmanageexpensesandhasfacedcriticismfromRepublicanlawmakers.Theadministrationplanstolimitjunkinsuranceplansandcrackdownonexcessivemedicalbilling.EffortstoreducehealthcarecostsincludeallowingMedicaretonegotiatelowerdrugpricesandcappinginsulincostsforMedicarePartBbeneficiariesat400 per year on prescription drug costs due to a cap on out-of-pocket spending. Biden has emphasized his policies to help families manage expenses and has faced criticism from Republican lawmakers. The administration plans to limit 'junk' insurance plans and crack down on excessive medical billing. Efforts to reduce health care costs include allowing Medicare to negotiate lower drug prices and capping insulin costs for Medicare Part B beneficiaries at 35 per month.

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Violence continues in West Bank despite Israeli raid

The recent violence in the West Bank raises questions about the effectiveness of Israel's raid in the Jenin refugee camp earlier this week. Two men responsible for a shooting attack on a police vehicle were killed in a gun battle with Israeli forces in Nablus. The violence is part of an ongoing conflict that shows no signs of abating.

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Bus collision in New York City injures dozens

Dozens of people were injured in a collision between a double-decker tour bus and an MTA bus in New York City. 36 people were hospitalized and 35 were treated at the scene, with none of the injuries considered life-threatening. The tour bus driver was transported to the hospital for evaluation. The cause of the crash is unknown.

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Families Confront El Paso Shooter in Court Four Years After Mass Shooting

Families of the victims killed in the 2019 mass shooting in El Paso are confronting the shooter, Patrick Crusius, in court. During the emotional impact statements, family members expressed their grief and anger towards Crusius. The sentencing hearing is ongoing, and Crusius has pleaded guilty to federal charges but has not yet been sentenced in state court. The district attorney still plans to seek the death penalty in the state's case.

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Deadly fire at nursing home in Milan

A fire broke out at a nursing home in Milan, resulting in the deaths of two female residents, a man, and three other women. Two individuals were critically injured. The fire was contained by early morning and around 100 uninjured residents were transferred to other facilities. Witnesses reported seeing residents holding cloths to their faces to protect against smoke. It was reported that many of the residents have Alzheimer's disease.

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Man wrongfully convicted of murder for 14 years in Germany released and compensated

Manfred Genditzki, who was wrongfully convicted of murder in Germany and spent 14 years in prison, has been released and will be compensated for his time served. Genditzki was convicted twice for the murder of an 87-year-old woman but maintained his innocence throughout. A federal court ordered a retrial, which led to his release and the acknowledgement that he had been wrongly imprisoned. The court now believes that the woman's death was likely an accident. Genditzki is entitled to receive compensation of up to 368,400 euros ($400,000) for his wrongful imprisonment.

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Philadelphia files lawsuit against companies over 'ghost guns'

Philadelphia has filed a lawsuit against gun parts manufacturing companies Polymer80 and JSD Supply for allowing buyers to bypass gun laws by selling unassembled firearm parts that can be turned into fully operational weapons without serial numbers or a way to trace them. The lawsuit seeks injunctions to cease the sales of unserialized firearms and compensate for damages.

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U.S. military labels Russian encounters as 'unsafe and unprofessional'

For the second consecutive day, the U.S. military has accused Russia of engaging in unsafe and unprofessional behavior during encounters in Syria. The Pentagon released a declassified video showing Russian fighter jets dropping flares in front of American drones and flying dangerously close. The American drones had to take evasive maneuvers to avoid a collision. France's military also reported similar incidents involving Russian jets. The U.S. has called on Russia to cease these actions and adhere to professional standards. Russia has accused U.S. drones of violating air deconfliction protocols, but the U.S. denies these claims.

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