Fed meeting minutes could hint at end of rate hikes
By Howard Schneider WASHINGTON The minutes of the Federal Reserve's policy meeting last month may indicate on Wednesday
2023-08-16 18:16
Biden slammed for offering ‘insulting’ $700 payments to Maui wildfire victims
President Joe Biden’s offer of a $700 emergency payment to households impacted by the devastating Maui wildfires has been criticised as an insult to survivors. The death toll from the US’s deadliest wildfires in more than 100 years rose to 99 on Monday, with hundreds still unaccounted for, thousands left homeless and an estimated $7bn in economic damage. Mr Biden, who has faced criticism for his handling of the disaster, announced an economic relief package on Monday that included cash payments and temporary housing assistance for survivors. “We're laser-focused on getting aid to survivors, including Critical Needs Assistance: a one-time $700 payment per household offering relief during an unimaginably difficult time. “We have staff on the ground dedicated to helping survivors navigate the registration process,” Mr Biden added. A White House statement confirmed the offer was only available to residents who were displaced from their homes and had critical needs. With 1,200 families sheltering in emergency shelters over the weekend, and 2,200 buildings destroyed, it’s not clear how many Hawaiians will be eligible. It was immediately decried as too small to have a meaningful impact by some commentators. “Make it $700 a month. Per family member in a household. For a minimum of two years,” wrote Scott Santens, the director of the ITSA Foundation which backs universal basic income, on X, formerly known as Twitter. “A one time $700 payment will definitely get their lives, houses and property back! Great job Biden,” another user wrote. Many compared the offer unfavourably to the $113bn in aid the Biden administration has sent to Ukraine since February 2022 to support the war effort, with a further $200m approved on Monday. Financial commentator Mark Wlosinski wrote on X estimated the $700 offer would amount to $1.9m, and labelled it “insulting”. “Can someone please explain how our government can send hundreds of billions to other countries, but chooses to pinch pennies when our own people are in need? An entire town on US soil has been destroyed overnight, and the best our government can do is $700?” Actor Rob Schneider, an outspoken anti-vaxxer and Trump supporter, wrote on X: “The ($115bn) US TAX PAYER DOLLARS TO UKRAINE… $1.9 million dollars to American Maui fire victims. Biden hates Americans…” Right-wing commentator Colin Rugg wrote: “Can someone please explain to me why our leaders are so reckless with money sent to Ukraine but then pinch pennies when the money is spent on Americans?” Mr Biden has faced criticism for his response to the Maui fires from his political opponents. He appeared to brush off a White House pool reporter reporter’s questions when asked for a comment on the rising death toll over the weekend. White House press secretary Karine Jean-Pierre addressed the snub on Monday, saying that Mr Biden remained “deeply concerned” about the wildfires. The newly-indicted former President Donald Trump seized on Mr Biden's apparent no comment, claiming the Democrat “refuses to help or comment on the tragedy”. On 9 August, Mr Biden offered his “deepest condolences to the families of those who lost loved ones in the wildfires in Maui” in a statement as the first fatalities were confirmed. The next day he declared a federal disaster in the state, freeing up federal funds to provide grants for temporary housing and home repairs, and low-cost loans to cover uninsured property losses. Mr Biden made brief remarks during a trip to Salt Lake City last week in his only public comments so far about the unfolding tragedy. “Anyone who's lost a loved one, whose home has been damaged or destroyed, is going to get help immediately,” he said. The White House has since touted its “whole-of-government response effort”, which included deploying 500 federal personnel and thousands of meals, beds and litters of water. The Democratic Hawaii governor Josh Green has publicly praised Mr Biden’s response to the disaster. The Independent has approached the White House for comment. Read More Maui fires live updates: Biden slammed over ‘no comment’ line as Hawaii death toll continues to climb Obama posts heartfelt video on Maui wildfires: ‘We have to step up’ Before and after satellite images show scale of ferocious Hawaii wildfires Biden slammed for offering ‘insulting’ $700 payments to Maui wildfire victims ‘I think I messed up’: Moment US representative mistakenly introduces Joe Biden Death toll from devastating Maui fire reaches 106, as county begins releasing names
2023-08-16 17:56
Futures edge up as focus shifts to Fed meeting minutes
U.S. stock index futures ticked higher on Wednesday as investors awaited minutes from the Federal Reserve's July policy
2023-08-16 17:56
Lahaina wildfire insured property loss to be about $3.2 billion - KCC
Insured property losses from the wildfire that ravaged the resort town of Lahaina in Hawaii last week are
2023-08-16 17:55
Rugby volunteer takes Ukrainians under her wing
Kym Bromley said they were like "rabbits in headlights" when they arrived.
2023-08-16 17:55
Tribunal says Georgia teacher who read book on gender identity to her fifth grade class should not be fired
A three-person tribunal has recommended against the firing of a Georgia teacher who is at risk of being terminated after reading a book about gender identity to her fifth grade class, according to the teacher's attorney.
2023-08-16 17:54
Russia could reintroduce compulsory sale of FX revenues 'at any moment' -source
MOSCOW Russian authorities are discussing bringing back the compulsory sale of foreign currency revenues for exporters, five sources
2023-08-16 17:53
Argentine Peso to Slide 70% by Next Year, BofA Says
The worst is yet to come for the Argentina peso, already the world’s weakest currency this year, according
2023-08-16 17:52
Aymeric Laporte assessing options after Man City receive bid from Al Nassr
Man City have received an offer from Saudi Pro League side Al Nassr for Aymeric Laporte, but he wants to consider his options first with Aston Villa still interested.
2023-08-16 17:50
China's Tencent posts smaller than expected revenue growth
By Josh Ye HONG KONG (Reuters) -China's Tencent Holdings posted a smaller-than-expected 11% rise in second-quarter revenue on Wednesday, as
2023-08-16 17:29
Tottenham continue Gift Orban talks but Evan Ferguson enquiry knocked back by Brighton
Tottenham Hotspur are continuing to assess striker options on the transfer market following the sale of Harry Kane to Bayern Munich, with Gent's Gift Orban and Brighton's Evan Ferguson among their targets.
2023-08-16 17:29
Vegan diet can reduce hot flashes associated with menopause, study suggests
Plant-based diets with a sufficient amount of soy can reduce hot flashes while also aiding weight loss, according to the Women’s Study for the Alleviation of Vasomotor Symptoms (WAVS) trial. A study published by the North American Menopause Society in the journal Menopause found that a diet intervention is about as effective as hormone replacement therapy for reducing menopausal hot flashes, without the associated health risks. “We do not fully understand yet why this combination works but it seems that these three elements are key—avoiding animal products, reducing fat, and adding a serving of soybeans,” explained lead researcher Neal Barnard, MD, president of the Physicians Committee and adjunct professor at the George Washington University School of Medicine. “Our results mirror the diets of places in the world, like pre-Westernized Japan and modern-day Yucatán Peninsula, where a low-fat, plant-based diet including soybeans is more prevalent and where postmenopausal women experience fewer symptoms.” To conduct the study, researchers recruited 84 postmenopausal women that reported episodes of hot flashes two or more times per day. Participants were randomly assigned into two groups. One group was an intervention group that was on a low-fat vegan diet consuming half a cup of cooked soybeans daily, while the other was a control group with no dietary changes for 12 weeks. After 12 weeks, researchers found that those on a vegan diet had a 88 per cent decrease in moderate to severe hot flashes and had lost an average of eight pounds. This is about the same success rate as hormone replacement therapy (HRT), which is usually 70 to 90 per cent effective against hot flashes. The trial was split into two parts, the first being published in 2021 and the second being published this year. It successfully addressed the point that there may be positive changes seen in menopause relief due to seasonal temperature variations. The first trial, which was conducted during the autumn season raised the question of whether this symptomatic improvement might have been attributed to cooler temperatures. But women who began the study as the weather warmed up in the spring had the same benefit, ruling out the effect of the temperature outside. “These new results suggest that a diet change should be considered as a first-line treatment for troublesome vasomotor symptoms, including night sweats and hot flashes,” explains Dr Barnard. Dr Barnard and the team agree said their results not only support putting diet and lifestyle at the forefront of the conversation with hot flash relief during menopause but also for other common complications such as weight gain and chronic disease implications. “This study demonstrates the effectiveness of a dietary intervention for menopausal symptoms,” Dr Barnard said. “As well, it is precisely the diet that would be expected to reduce the health concerns of many women reaching menopause: an increasing risk of heart disease, breast cancer, and memory problems.” The findings are published in the journal Menopause. Read More What are the symptoms of menopause and how can they be relieved? What’s the link between the menopause and anxiety? Menopause affecting your mental health? Experts reveal what to do What I gained (and lost) by walking 10,000 steps each day for 5 months Raven-Symoné details cosmetic surgeries she had before she turned 18 Nearly half of US adults are interested in taking weight loss prescription drugs
2023-08-16 17:27
