Day: November 10, 2021

Baltimore (AFP) – President Joe Biden acknowledged Wednesday that US shoppers were paying too much for everyday goods, vowing to tackle inflation “head on” after government data showed it had reached a 30-year peak last month. The sharp spike in the consumer price index (CPI) reported by the Labor Department surprised economists and the White House alike, and came as Biden headed to Baltimore to promote the $1.2 trillion infrastructure overhaul he argues can turn the tide. “Today’s economic reports (show) unemployment continuing to fall but consumer prices remaining too high,” Biden said in a … Read More “Biden vows to tackle inflation ‘head on’ as price surge hits 30-year high”

ATLANTA — The Georgia House voted Wednesday to remap the state’s 180 districts in a way that protects a shrinking Republican majority and adds new metro Atlanta districts to accommodate population growth. The 99-79 vote, almost entirely along party lines, clears the way for the General Assembly to finish redistricting itself within days, a rapid process that began a week ago. The state Senate passed its maps on Tuesday, and Republican leaders will soon consider how to draw Georgia’s congressional lines as they attempt to gain seats. Redistricting is required every decade to ensure each distric… Read More “Georgia House passes political map that safeguards Republican majority”

New York (AFP) – Electric truck maker Rivian soared in its Wall Street debut on Wednesday, making the company worth more than traditional automakers Ford and General Motors. Shares in the company backed by Amazon and Ford leapt as high as 50 percent in its first day of trading, taking Rivian’s market capitalization to more than $100 billion, if stock options and other convertible shares are taken into account — well above Detroit’s legacy manufacturers. The red-hot startup is taking advantage of investor enthusiasm for the electric vehicle sector, where star performer Tesla recently surpassed… Read More “Rivian shares leap in market debut, topping value of Ford, GM”

By Trend Turkmenistan, Azerbaijan and Turkey have advanced and active position in the formation of a reliable East-West transport and energy bridge, Turkmen President Gurbanguly Berdimuhamedov said in an interview to TRT World, Trend reports on Nov. 10. According to Berdimuhamedov, the format of the trilateral summit “Azerbaijan-Turkmenistan-Turkey”, expected to be held in the near future, meets the long-term interests of the three fraternal states and peoples, and therefore is in great demand and will be fully realized. “At present, the level of relations between Turkmenistan, Azerbaijan and … Read More “Turkmenistan, Azerbaijan, Turkey have advanced position in forming reliable East-West bridge – Berimuhamedov”

Volkswagen is planning to build a cutting-edge electric car plant close to its German headquarters, at the same time as Tesla’s “Gigafactory” near Berlin prepares to start production. To make room for a car that’s been dubbed the “Tesla fighter,” the German carmaker is limbering up to build a new state-of-the-art factory for its flagship Trinity electric car model, due to enter showrooms in 2026. If the VW board gives the go-ahead in December, the new green-field facility will be built close to the company’s main plant at Wolfsburg in Lower Saxony. The move is a potential game-changer for Volk… Read More “VW plans new game-changing electric car plant to counter Tesla”

CHICAGO — It’s hard to be sure what Alissa Saunders thought she was taking the night she died of a drug overdose — a ground-up Percocet, maybe, or a pulverized bar of Xanax. One thing seems clear enough, though: She didn’t know it was fentanyl. Saunders, a 22-year-old certified nursing assistant who loved to camp, fish and hang out with her family, was found unresponsive last March in the New Lenox townhouse she shared with a roommate, a straw flecked with powdered residue on the nightstand beside her. Detectives investigating her death found text messages and a Snapchat video suggesting a fri… Read More “Counterfeit prescription pills loaded with fentanyl a growing menace in overdose crisis”