List of All Articles with Tag 'd'

US inflation is now much slower than last summer's red-hot pace, but it's not guaranteed it will drift all the way down to the Federal Reserve's 2% target without a sharp rise in unemployment. That possibility remains unlikely.

The British government confirmed Sunday it may scrap a big chunk of an overdue and over-budget high-speed rail line once touted as a way to attract jobs and investment to northern England. British media reported that an announcement is expected this week that the line will end in Birmingham – 100 miles (160 kilometers) from London -- rather than further north in Manchester. The Conservative government insists no final decision has been made about the embattled High Speed 2 project. But Cabinet minister Grant Shapps said it was “proper and responsible” to reconsider a project whose costs have ballooned because of high inflation driven by the COVID-19 pandemic and the war in Ukraine. “We’ve seen very, very high global inflation in a way that no government could have predicted,” said Shapps, a former transportation secretary who now serves as the U.K.'s defense minister. “It would be irresponsible to simply spend money, carry on as if nothing had changed,” he told the BBC. The projected cost of the line, once billed as Europe’s largest infrastructure project, was estimated at 33 billion pounds in 2011 and has soared to more than 100 billion pounds ($122 billion) by some estimates. HS2 is the U.K.’s second high-speed rail line, after the HS1 route that links London and the Channel Tunnel connecting England to France. With trains traveling at a top speed of around 250 m.p.h. (400 kph), the new railway was intended to slash journey times and increase capacity between London, the central England city of Birmingham and the northern cities of Manchester and Leeds. Though it drew opposition from environmentalists and lawmakers representing districts along the route, the project was touted as a way to strengthen the north’s creaky, overcrowded and unreliable train network. The government hailed it as a key plank in its plan to “level up” prosperity across the country. The north of England, which used to be Britain’s economic engine, saw industries such as coal, cotton and shipbuilding disappear in the last decades of the 20th century, as London and the south grew richer in an economy dominated by finance and services. The government canceled the Birmingham-to-Leeds leg of HS2 in 2021 but kept the plan to lay tracks on the 160 miles (260 km) between London and Manchester. Former Conservative Prime Minister Boris Johnson, a longtime champion of the project, said cutting it back even further “makes no sense at all.” “It is no wonder that Chinese universities teach the constant cancellation of U..K infrastructure as an example of what is wrong with democracy,” Johnson said. Manchester Mayor Andy Burnham said people in northern England were “always treated as second-class citizens when it comes to transport.” “If they leave a situation where the southern half of the country is connected by modern high-speed lines, and the north of England is left with Victorian infrastructure, that is a recipe for the north-south divide to become a north-south chasm over the rest of this century,” Burnham, a member of the opposition Labour Party, told British TV channel Sky News. The government has also delayed work on bringing the line all the way to Euston station in central London. When it opens, some time between 2029 and 2033, trains will start and finish at Old Oak Common station in the city’s western suburbs. London Mayor Sadiq Khan said that would create “a ridiculous situation where a ‘high speed’ journey between Birmingham and central London could take as long as the existing route, if not longer.” “The government’s approach to HS2 risks squandering the huge economic opportunity that it presents and turning it instead into a colossal waste of public money,” Khan said in a letter to Prime Minister Rishi Sunak. Read More Ukraine war’s heaviest fight rages in east - follow live Charity boss speaks out over ‘traumatic’ encounter with royal aide Shapps says HS2 cannot have ‘open-ended cheque’ as Sunak set to wield axe It would be ‘irresponsible’ to keep spending money on HS2, cabinet minister says How the timeline for banning petrol and diesel cars has shifted over the years

A mysterious spinning ‘UFO’ has been spotted in the night sky by a stunned local. The brightly illuminated object is seen spinning in the air, but it appears to hover above a mountain. The shocked onlooker zooms in on the mysterious aircraft while saying in wonder: “It’s moving.” The hovering UFO was filmed in the village of Honorato Vásquez, Ecuador, on Tuesday (9 Sept) evening. The local authorities have yet to respond to claims that the object was from outer space. One local said: “I believe it.” Manuel wrote: “Those crazy aliens.” Yet Eddy joked: “In that drone there, you wouldn’t even be able to fit two-quarters of a Martian!” It followed an alleged aerial battle between military personnel and several alien spaceships in Argentina this month. Scared locals claimed that the military base was attacked by four black triangular-shaped UFOs. Scores of residents gathered outside the Commander Espora Air Naval Base near Bahía Blanca, Buenos Aires, as thunderous noises sounded from within the perimeter walls. The Commission for the Study of UFO Phenomena of the Argentine Republic, an organisation dedicated to investigating alleged alien sightings, claimed to have information that there were four UFOs seen attacking the military base. The group said the alien spacecrafts were black and triangular in shape and that Argentine troops fired at them with anti-aircraft weapons. Group spokesperson Andrea Pérez Simondini said witnesses saw “four lights entering the territory from across the ocean before taking a strategic position over one of the buildings where ammunition is stored”. However, the military authorities have denied that the base was under attack and claimed that the videos were faked by unscrupulous locals. Navy spokesperson Captain Germán Luis Zarralanga said their Sikorsky SH-3 Sea King helicopter was taking part in a training exercise that night, but was not involved in any kind of altercation with other aircraft. When discussing the social media footage, the spokesperson said: “It’s an edit. I don’t know what their intentions were. “Airport security and airport workers did not report seeing anything, and everyone at the base was sleeping except for the person piloting the helicopter. There was no type of special activity, no tactical manoeuvres, just a normal helicopter training flight, nothing related to ammunition.” One local commented: “Incredible! How many UFOs? I can't believe it! Amazing. An interplanetary war has begun.” Another said: “Are you telling me that it was one of the first-ever confrontations between humans and UFOs and we shot them down?” Sign up for our free Indy100 weekly newsletter Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.

Who is playing on 'Sunday Night Football' tonight?

Barcelona are potentially without one of their most important players for Real Madrid clash next month.

Who is playing on Sunday Night Football this week?

With the government on the brink of a shutdown later this week as Congress remains at an impasse on a funding deal, federal departments and agencies have formally begun the mandatory process of planning to bring nonessential functions to a halt.

Pep Guardiola reacts to the red card shown to Rodri during Manchester City's 2-0 win over Nottingham Forest in the Premier League.

Ryan Day took blasted Lou Holtz after Ohio State beat Notre Dame.

You'll get $200 in instant bonus bets plus $1,150 in no-sweat bet opportunities when you sign up with Caesars and DraftKings. Read more to learn how you can access your bonus bets in minutes.

Republican presidential candidate Ron DeSantis said he opposes NATO membership for Ukraine and he doesn’t think it’s in

Jonny Evans reacts to Man Utd win over Burnley after clean sheet & game-winning on first start for club in eight and a half years.