Good morning. We’re talking about a possible prisoner swap between the US and Russia and another Fed rate hike.
US proposes prisoner swap
America offer to exchange prisoners to Russia: Viktor Bout, a notorious Russian arms dealer, to Brittney Griner, the WNBA star, and Paul Whelan, a former Marine.
Foreign Minister Antony Blinken said on Wednesday that he would speak with Russian Foreign Minister Sergey Lavrov for the first time since Russia invaded Ukraine about an “important proposal” to free Griner and Whelan. The US State Department said the two were wrongfully detained.
Blinken’s comments came the same day when Griner, who has been detained in Russia on drug charges since February, testified in court. She said that she was thrown into a bewildered legal system with a little explanation of what’s going on. This is live updates.
The unusually large interest rate move comes even as the US economy begins to slow down. Jerome Powell, Fed Chairman, says a third “unusually” large three-quarter rate is likely to come in September. He emphasized that he does not think the US is in a recession.
Still, Powell said, “We need growth to slow down. We don’t want this to be any bigger than it needs to be, but in the end, if you think about the medium to long term, price stability is what makes the whole economy work.”
Reaction: His comments pleased investors. The S&P 500 stock index ended the day up 2.6% and the Nasdaq Composite posted its best day since April 2020.
Things to know about Brittney Griner’s detention in Russia
Story: The Fed started raising interest rates from near zero in March. After making a 1/4 point move to start, the central bank raised interest rates by half a point in May and 3/4 point in June, the biggest single step since 1994. Pepper prices use up 9.1 percent in the year to June.
Explanation: Here’s how scaling works like The main tool to cool down the price And what do they mean? Mortgages and credit cards.
Lufthansa cancels flight
Airlines Lufthansa canceled almost all of its flights to and from Frankfurt and Munich yesterday after about 3,000 employees quit their jobs to protest for better wages. Nearly 130,000 tourists were stranded.
The rally is expected to end at 6am this morning, but the pay war is likely to continue. A union official said wages were “not high enough to explain inflation”, while Lufthansa outlined the pay increases it has offered.
The strike is just the latest travel disruption in Europe. The airport and other transportation workers have stand out during the summer to demand better employees and pay.
And even international Covid-related restrictions continue to weakenThe pandemic has left deep scars in the tourism industry: Airports and airlines that have let staff go during the pandemic are now struggling to meet the recent spike in demand.
Airports: Heathrowin London, and Schipholin Amsterdam, both tried to limit passenger numbers in August. Heathrow’s announcement came after luggage photo piled up at the airport spread on social media.
Digital media is changing languages - sometimes rapidly. American Sign Language is no exception.
Payment procedures this video full story about how deaf or hard of hearing people react to the spread of smartphones and video.
Lived: James Lovelock, one The British ecologist, capturing the imagination of the scientific world with his Gaia theory, describes the Earth as a living organism. He died on Tuesdayhis 103rd birthday.
The Plight of Brittney Griner in Russia
The American basketball star spent months in prison in Russia accused of smuggling hash oil into the country.
ARTS AND IDEAS
Barbie’s Year
The color of the season is pink. Inspiration: Barbie.
It starts with haute couture world. During Paris Fashion Week, Valentino debuted a pink collection, and in Rome this month, Anne Hathaway attended her show in a hot pink sequined gown. Lizzo, Lil Nas X, Kim Kardashian and other celebrities have also been spotted in pink.
The trend, known as “Barbiecore,” is also popular among millennials and Gen Z. Like the website Who What Wear put it: “Yes, the dolls you played with as a child are at the top of the department right now. Talk about a real nostalgic revival. “
Then there’s the live-action Barbie movie coming out next year, directed by Greta Gerwig and starring Margot Robbie as Barbie and Ryan Gosling as Ken. Pictures of roller skaters in very bright outfit It’s hard to miss online: “the social media dopamine rush of summer,” as Vanessa Friedman, fashion director and chief fashion critic for The Times describes it.
PLAY, WATCH, EAT, READ
What to cook?
