In Brief
- According to Wall Street analysts, there’s a 40% probability that the U.S. could slip into a recession in 2023.
- Gas prices in the U.S. have dropped below $5 per gallon for the first time since April.
- New York is moving to ban the sale of soft bullet-resistant vests.
Economy, Supply Chain, Energy
Wall Street analysts predict a 40% chance of a U.S. recession in 2023. They anticipate GDP growth slowing nearly to zero, inflation settling around 3%, and the Federal Reserve hiking interest rates above 4%. This outlook reflects concerns over tightening monetary policies and slowing consumer spending.
Gas prices in the U.S. have fallen below $5 a gallon for the first time since spring. President Biden is considering suspending federal gas taxes—a move that could temporarily eliminate the 18.4-cent-per-gallon gas tax and the 24.4-cent diesel tax. While critics argue oil companies might pocket the savings, recent studies suggest consumers would largely benefit. However, the overall savings per household would likely remain modest.
Meanwhile, some states are expanding their tax-free shopping periods. Research indicates these holidays might merely shift purchasing behavior without significantly boosting the economy. What’s your take—are you a fan of tax holidays? Do you feel they offer real value?
Amazon's internal memo suggests a looming labor shortage by 2024. To mitigate this issue, the company may need to raise wages or invest more in automation to maintain its workforce.
Germany is turning to coal as it tries to conserve natural gas supplies, following Russia's decision to cut off gas exports to Europe. In response, Germany is accelerating its renewable energy initiatives, including expanding wind and solar capacity.
Extreme Weather
The Po River in Italy, the country's longest, has dried up due to severe drought, revealing a World War II-era barge that sank in 1943. This phenomenon has sparked growing concern among environmentalists and policymakers.
‘We worry about it disappearing’: Alarm grows over Italy’s drought-hit Po River https://t.co/d7372OZE1T
— The Guardian (@guardian) June 17, 2022
Meanwhile, Jacobabad, Pakistan, is experiencing record-breaking temperatures. Since March, the city has endured temperatures above 100°F (37°C) for 51 consecutive days, peaking at 123.8°F (51°C) last month. Experts warn that such extreme heatwaves could become the norm for up to 10 months annually in the future.
Flooding caused by monsoon rains in India and Bangladesh has claimed 116 lives, with many victims succumbing to lightning strikes, landslides, and drowning. Infrastructure like bridges, cell towers, and power lines have been severely damaged, disrupting communications for millions and forcing hundreds of thousands to evacuate.
The Rest
New York is banning the sale of soft bullet-resistant vests. If you're interested in personal protection, check out our guide to bulletproof vests and tips for preparedness.
A tourist visiting Death Valley National Park died after running out of gas. His body was found 2.5 miles from the vehicle, just 30 feet from the highway. Learn how to stay safe in similar situations during outdoor adventures.
American Airlines plans to discontinue service to Toledo, OH, and Ithaca and Islip, NY, starting September 7 due to ongoing pilot shortages. This decision highlights broader challenges facing the aviation industry amid staffing crunches.
Outdoor sunshade umbrella is a common outdoor product used to block sunlight and rain, providing people with a comfortable outdoor resting environment. According to different functions and materials, outdoor sunshades can be divided into various types, which will be classified and introduced below.
Umbrella: Mainly used to block sunlight, prevent ultraviolet radiation, and protect people's skin from harm. Umbrellas are generally made of materials with anti ultraviolet coatings, which can effectively block the penetration of ultraviolet rays.
1. Classified by material
1. Polyester umbrella cloth: Polyester is a synthetic fiber material with good waterproof performance and durability. Polyester umbrella fabric is often used for umbrella protection and is suitable for various outdoor environments.
2. Nylon umbrella cloth: Nylon is a synthetic fiber material that is lightweight, wear-resistant, and waterproof. Nylon umbrella cloth is often used for rain and wind umbrellas, and is suitable for outdoor sports and travel.
3. UV resistant coating: Some outdoor sunshades use special UV resistant coatings, which can effectively block the penetration of ultraviolet rays and protect people's skin from harm.
2. Sort by size
1. Small umbrella: The diameter of the umbrella surface is generally below 60 centimeters, suitable for single person use or small spaces.
2. Medium Umbrella: The diameter of the umbrella surface is between 60 centimeters and 80 centimeters, suitable for 2-3 people to use.
3. Large Umbrella: Umbrella with a diameter of over 80 centimeters, suitable for use by multiple people or in larger spaces.
Sunshade,Beach Umbrella,Garden Sunshade,Sandy Shade
Foshan Shengshi Zhihui Technology Co., Ltd. , https://www.officer-furniture.com