| | Good afternoon. Here’s what you should know today, Sept. 11: |
| - U.S. inflation extends its cooling streak
- Saudi Arabia’s ginormous Neom project has attracted executives with checkered pasts
- “Alexa, buy me a house in Miami’s Indian Creek Village”
|
| | Thanks for reading What’s News! Look for the  to enjoy a free article on us—and share the link with a friend (or forward the whole newsletter!). |
| | | 1. Inflation eased in August to a new three-year low, positioning the Fed to begin gradually reducing interest rates at its meeting next week. |
| The consumer-price index climbed 2.5% ( read for free) from a year earlier, decreasing from 2.9% in July, the Labor Department said. Core inflation, a measure that excludes volatile food and energy costs, held roughly steady at 3.2%. Firmer shelter inflation that contributed to somewhat stronger-than-anticipated core price increases in August made a half-percentage-point cut less likely. Traders upped their bets on a 0.25-point decrease next week, but they continue to expect the Fed will cut rates by more than 1 percentage point this year, implying at least one cut of 0.5-point in November or December. |
| WSJ’s James Mackintosh: A Recession Signal Is Flashing Red. Or Is It? (Read) Retirees Will Get a Smaller Social Security Raise in 2025—and That’s OK (Read) U.S. Stocks Reverse Early Declines (Read) |
| 2. Some Republicans say that Donald Trump could’ve performed better in last night’s debate. |
| | The Origins of Trump’s False Claim That Immigrants Are Eating Pets (Read) An Annotated Fact-Check and Analysis of the Harris-Trump Debate (Read) WSJ’s Molly Ball: Harris Used Debate to Define Herself—and Trump (Read) |
| 3. A private-equity payday drained a hospital chain of cash. |
| A Senate committee hearing tomorrow on Steward Health Care’s collapse is expected to explore the company’s $790 million dividend in 2016 that mostly went to owner Cerberus Capital Management. Steward, which filed for bankruptcy in May, had had financial problems for years, impacting patient care; it routinely stiffed vendors, and many of its facilities lacked adequate staff and basic equipment. The operator of 30 hospitals in eight states declined to comment. Cerberus said that Steward “had more than sufficient capital and liquidity” for the 2016 dividend. |
| PwC Laying Off 1,800 Employees in First Formal Cuts Since 2009 (Read) The Rise and Fall of a Green-Energy Superstar (Read) Kevin Plank Broke Under Armour. Can He Fix It? (Read) |
| 4. A Kentucky organ-procurement group was accused of seeking to collect organs from a patient who was still alive. |
| Kentucky Organ Donor Affiliates allegedly pressured its personnel to retrieve organs from a hospital patient who was awake and later left the facility alive. The state Attorney General’s Office said that it’s investigating. KODA didn’t immediately respond to a request for comment. Greg Segal, an advocate for overhauling the U.S. organ-transplant system, told a House subcommittee about the allegation—one of several made by witnesses who said that procurement groups in various states have pushed workers and surgeons to secure organs from living patients. The subcommittee held the hearing today to monitor government efforts to improve the system for the tens of thousands of critically ill patients who need transplants. |
| 5. The world’s biggest construction project is a magnet for executives behaving badly. |
| Saudi Crown Prince and de facto ruler Mohammed bin Salman’s Neom development has contended with corruption, worker deaths, racism and misogyny, according to current and former executives and documents, emails and recordings that WSJ reviewed. Neom said that it has a zero-tolerance approach to inappropriate workplace behavior and investigates all misconduct, taking action if substantiated. The Saudi government referred a request for comment to Neom. The decision to move staff to the project’s desert location 100 miles from a major city without alcohol and many social diversions has hurt the multitrillion-dollar project’s ability to attract talent, recruiters and former employees say. |
|  Enjoying this newsletter? Get more from WSJ and support our journalism by subscribing today with this special offer.
|
| |  Get ahead in your job.
|
| Sign up for our weekly Careers & Leadership newsletter to stay informed about careers, business, management and leadership. |
| | |
|
| MEMBER MESSAGE: MANSION GLOBAL BOUTIQUE | | How To Create a Spa-Style Bathroom |  | Elevate your space with the right accessories. Read More | |
|
|
| | $6 million | The amount that the seller of a $79 million home in Miami says he forfeited because real-estate brokerage Douglas Elliman allegedly misled him about the buyer’s identity, according to a lawsuit. The buyer? Jeff Bezos. Elliman handled both sides of the transaction for the seven-bedroom Indian Creek Village house, which came with a wine cellar, theater and pool and was listed for $85 million. The brokerage said that it can’t comment on pending litigation, and the billionaire Amazon founder couldn’t be reached for comment. |
| | “VW’s problems mirror to a degree the problems of the German economy, and the problems of the German economy are reflected in VW.” | —Economist Moritz Schularick, pointing out that Volkswagen and its home country are going through their deepest crises in years, due to high costs, eroding tech leadership and excessive reliance on China. VW is Germany’s largest employer and car making is the country’s flagship industry, accounting for 5% of GDP, according to several estimates. Germany is the world’s third-largest economy. |
| | - Hurricane Francine Bears Down on Louisiana (Read)
- GOP Objections Force Johnson to Pull Bill Keeping Government Open (Read)
- Ukraine Pressed to Think About a Plan B for War With Russia (Read)
- The AI Spending Spree, in Charts (Read)
- Tents and Shelters Become Classrooms as Gaza Children Return to Learning (Read)
|
| |  | ILLUSTRATION: DEENA SO OTEH |
|
| How to break up with your career |
| Romantic relationships can help you figure out the right way to fall out of love with your job and find a new, more fulfilling one, according to the author of “Job Therapy: Finding Work That Works for You.” Before you post an “it’s not you; it’s me” speech on LinkedIn, ignore the bursts of engagement you might feel on the job between emotional lows, acknowledge what you liked about your work, craft your breakup story and avoid a rebound career. |
| | | Yesterday, we asked how peace could be achieved in the war between Russia and Ukraine. Here’s what you had to say: Teddy Roosevelt said it best: “Speak softly and carry a big stick.” We need to convince Russia that continuing to choose aggression will degrade the Russian economy and their standing and influence in the world, while offering a path away from war that holds the promise of peace, prosperity and security for Russia and the region.
–Gary Bridget, Arizona An immediate cease fire.
–Larry Colby, New Hampshire Realistically, Ukraine won't be able to regain all of the land it has lost. Both sides need to be able to credibly claim victory in order to save face with their people. Ukraine's incursions into Russia will need to be far stronger to bring Russia to the negotiating table.
–Michael Gooch, New York Responses have been condensed and edited. |
| What’s your current inflation outlook? Let us know at whatsnewsletter@wsj.com or reply to this newsletter. Include your full name and location, and we may publish your response in an upcoming issue. |
|
| |  | Throw pillows go great with textbooks these days. PHOTO: SCHOOLGIRL STYLE |
|
| Your child’s classroom now has better decor than your living room. (For the record, a low-end coffee shop has better decor than my living room.) |
| | | | | | | |
|
|
No comments:
Post a Comment
Welcome to my geopolitics blog site. This is a Hawaii Island news site focusing on geopolitical news, analysis, information, and commentary. I will cite a variety of sources, ranging from all sides of the political spectrum.