A large part of China is in the midst of a growing power supply crunch that has forced factories to cut production and brought major disruptions to daily life. While authorities have remained largely silent on the causes of the supply shortage, analysts say the power crunch, which has hit more than 10 provinces in…
China’s Power Crisis a Result of Beijing’s Restrictive Energy Policies: Analyst
Mortgage Application Rates Down as Interest Rates Rise to Highest Levels Since July
September 30, 2021
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Mortgage application rates in the United States fell by 1.1 percent last week driven by higher interest rate, according to the Mortgage Bankers Association (MBA) Composite Index. The previous week ending Sept. 10 saw applications increase by 0.3 percent in contrast to the week ending Sept. 24. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan…
Inflation Levels in France Hit a Near 10-year High Driven by Soaring Service and Energy Costs
Inflation levels in France hit a nearly 10-year high in September, according to preliminary data published by the INSEE statistics agency on Sept. 30. French inflation rose 2.7 percent, up from 1.9 percent in August; slightly less than the expected average forecast of 2.8 percent in a Reuters poll of 24 economists’ expectations but still its highest rate since December 2011. INSEE said…
Centeno Says ECB Needs to Keep Monitoring Inflation, Stand Ready to Act
LISBON—Lingering uncertainty about rising inflation requires close monitoring by the European Central Bank, which sees it as a temporary trend, but it must be prepared to act flexibly, ECB Governing Council member Mario Centeno said on Thursday. “Concerning the monetary policy the best answer to uncertainty is to keep close monitoring, a steady hand and…
The Family Table: 4 Secrets to Grandma’s Unbeatable Brownies
Submitted by Megan Baker, Grants Pass, Oregon My grandmother and I have similar penmanship. Perhaps that’s why I pull out the index card containing her “Saucepan Brownies” recipe even though I’ve had it memorized for years now. I like looking at her writing. Growing up, my family would spend Sunday mornings at church and Sunday afternoons…
The Supreme Court in the American Constitutional Order
Commentary This spring, President Biden appointed a 35-member Presidential Commission on the Supreme Court of the United States, charged with soliciting expert views, deliberating among themselves, and reporting back to him on the subject of “reforming” the nation’s highest court. The commission’s members are themselves mostly eminent scholars of the Court’s work, preponderantly but by…
LIVE: Yellen, Powell Testify to House Committee on Pandemic Response
Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen testify on oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response at the U.S. House Committee on Financial Services.
Irish Consumer Sentiment Steady Near Pandemic High in September
DUBLIN—Irish consumer sentiment remained steady in September just below the two-year high recorded in June, a survey showed on Thursday, as the government prepared to lift almost all pandemic restrictions within weeks. The government has named Oct. 22 as its target date to drop most restrictions, with more than 90 percent of the adult population…
Elephant Mom Brings Her Baby to Visit Man Who Raised Her 10 Years After Being Released
After being rescued and reintroduced to the wild over a decade ago, a once-orphaned elephant has returned to pay a visit to her keeper. Best of all, she brought her own baby to meet him. The elephant, named Sunyei, showed up to visit Sheldrick Wildlife Trust’s head elephant keeper, Benjamin, at their Ithumba site in…
France to End Mandatory Mask Wearing for Students in Some Schools
The French government announced Thursday that primary school students in areas with a low CCP virus infection rate will no longer have to wear face masks starting next month. According to a government decree issued on Sept. 30, the new rule will go into effect from Oct. 4 and will include regions that have fewer…
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