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On Tuesday, economists at Deutsche Bank predicted that the U.S. will fall into recession as the Federal Reserve, the Central Bank in the nation, will continue to increase increase rates. However, economists David Folkerts-Landau and Peter Hooper term it to be a “mild recession” in 2023 while other major banks and financially institutions are not as yet convinced that there would be a recession but speak of economic slowdown. The fed has to boost rates to fight high and widening inflation.
In a report titled “Over the Brink” the bank’s economists say that the U.S. economy will be strongly hit as the Fed could continue with strict measures late 2023 and early 2024 leading to a recession. They also estimate that unemployment in the nation will increase to 4.9 percent from its current low of 3.6 percent. This low percent is almost at pre-pandemic levels and indicates that the economy is bounding forward, despite high inflation.
The team from Deutsche Bank acknowledged that their prediction of a recession is not consensual among other banks and financial institutions but they believe that it could soon become a consensus.
Other banks and financial institutions do not paint such a bleak picture though they accept that there will be a slowdown. Goldman Sachs, JP Morgan and Moody’s estimate that there would be a slowdown but fall short of predicting a recession, at this time.
High food and petrol costs post pandemic due to supply chain issues, plus the war in Ukraine as well as the sanctions in Russia will remain contributory factors and could increase inflation in the future. The recent shutdown of Shanghai, as a result of China’s Zero Covid policy will also exacerbate supply chain issues.
Amid all these conflicting issues, Fed Chair Jeremy Powell remains optimistic. Last month, he spoke of fighting inflation by raising rates, without causing a recession. He gave examples of how this has been achieved in the past by the U.S. in 1965, 1984 and 1994.
If Deutsche Bank economists prove to be correct the U.S. will face a mild recession. If the Fed and other major banks’ positive approach proves to be right, then the nation will face a slowdown but avoid recession.
On Monday, Celebrity Hailey Bieber firmly shut down pregnancy rumors that were floating after she appeared in a white, loose, flowing gown by Saint Laurent on the red carpet with husband Justin Bieber, at the Grammys, on Sunday. She addressed the rumors saying ‘I’m not pregnant leave me alone.” The young model has gone through a medical scare recently.
The model posted her comments on an Instagram post that speculated about her being pregnant with her first baby with Justin Bieber. The celebrity news account Radar Online put up a post that read FANS ARE CONVINCED HAILEY BIEBER IS PREGNANT AFTER SHE WALKS GRAMMYS RED CARPET IN FLOWING GOWN WITH HUSBAND JUSTIN BIEBER.
After Hailey replied that she was not pregnant on the same social media account her reply got more likes than the original post. She addressed the new rumor directly, in line with her policy that she doesn’t want to discuss her private life in public. Her quick and simple reply shut down further speculation.
(Phot/Credit: Instagram Hailey Bieber)
Although we think that the fans might have been premature in their speculation of Hailey being pregnant, her loose fitting YSL gown as well as comments in the past from both the partners (Hailey and Justin) about how much they would like to expand their family and how they love babies and more, could have lead to the speculation.
Though Justin has not offered a timeline on when he would like to be a father, but said that he would like a tribe of children in the past. Hailey had mentioned that she was only 25 and was super young though they would try for a baby, in another interview. There has been speculation about them becoming a mom and dad right from when they got married in 2018.
Last year, the young model asked pop singer-husband to change an Instagram caption. The caption by Justin read “mom and dad.” This lead to speculation that Hailey was pregnant. She commented on his post saying that he could change the caption to “Dog Mom and Dad before anyone gets it twisted.
Hailey Bieber was recently hospitalized with a very very small blood clot and fortunately did not need surgery. The Grammys was her first public outing with husband Justin Bieber. Although he did not win an award, he gave a rousing performance at the 2022 Grammys and the celebrity couple also showed a lot of PDA delighting fans with beautiful pictures taken on the red carpet.
On Tuesday, the U.S., the U.K. and Australia agreed to work together to develop hypersonic weapons and other electronic warfare. British PM Boris Johnson’s office said that there had been a call between the leaders on this new project. The alliance between these three countries came into force, last September. The trilateral security partnership has been formed to protect the Indo-Pacific region.
In a joint statement, the AUKUS leaders said that they were pleased with the progress between the three countries for providing conventionally armed, nuclear powered submarines to Australia. The statement also said that they would start a new cooperation between the three nations on “hypersonics, and counter-hypersonics, and electronic warfare capabilities.”
Two of the countries: U.S. and Australia already have a weapons program. The U.K. is not joining in, at this point of time but would work together with them for research and development. The Biden administration has invested a lot in hypersonic missiles as defense experts indicated that both China and Russia have also heavily invested in this futuristic technology, where missiles travel five times the speed of sound or more.
Hypersonic missiles cannot be intercepted by any of the missile systems that have bene developed to date. The top U.S. commander Gen. Mark Milley believes that China’s tests on these type of weapon systems “is very concerning.” He also said that the system was used “multiple” times by Russia as it invaded Ukraine. The Pentagon has requested $4.7 billion for the research and development of hypersonic weapons in the 2023 budget.
The Tuesday statement by the three leaders, President Joe Biden of the U.S., Prime Minister of the U.K. Boris Johnson and Prime Minister of Australia Scott Morrison reaffirmed their commitment to ensuring that there is a “free and open Indo-Pacific.”
A 6-year-old boy stands near the grave of his mother, murdered by russian soldiers and then buried in her yard in Kyiv region.
– Defence of Ukraine (@DefenceU) April 5, 2022
Photo by: Rodrigo Abd/AP#BuchaMassacre#stoprussia pic.twitter.com/ne6Jegsocf
As Kim Kardashian and Pete Davidson keep taking steps forward to strengthen their relationship, they are also meeting close relatives on both sides of the family. There has been a welcome silence from ex Kanye West, after he was temporarily banned from social media for posting a racial slur on Trevor Noah as well as for memes and offensive comments and videos against Pete Davidson and his friends, some of whom costar with him on Saturday Night Live (SNL). Now the celebrity couple are getting closer and meeting additional members of each other’s families.
TMZ reported that Kim took a trip to Staten Island, New York, recently. When she was visiting Pete after he had finished filming a movie for the day, she met his grandparents on the set as they had also decided to visit their grandson. The grandparents of Saturday Night Live comedian met the Keeping Up With The Kardashians (KUWTK) star on the same set. Kim has interacted with Pete’s mother, after they began their relationship. Pete has also spent time in the Kardashian home and is popular with the family as he makes Kim “happy,” according to them.
A while ago, a fan on Instagram speculated that the KUTW star would be pregnant with a child of the SNL star by the end of the year. Pete’s mom wrote in response, “Yayyyy!” Brooklyn native Amy Davidson has been supportive of her son’s relationship with the SKIMS founder.
Kim Kardashian and Pete Davidson began their relationship late last year after she appeared on a SNL sketch. She was in the process of a divorce from ex husband Kanye West.
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After Pete Davidson entered her life and made her happy, the rapper began ranting against him, his friends and Kim, as well. Kim was declared legally “single” several weeks ago by a judge in Los Angeles.
All is quiet as of now on the Kanye front and we hope that it remains so, as Kim and Kanye share four children together. A silent if not amicable relationship between Kim Kardashian, Pete Davidson and Kanye West will be welcomed by all and will make life easier on the young children who should not get caught in a battle between adults.
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After the stupendous success of superhero movies at the box office in the recent weeks there has been a slight lull. However, the newest comic book adventure from Universe of Marvel Characters “Morbius”opened at the top position followed by Paramount’s action-adventure “The Lost City” and “The Batman” is now at the third position.
Sony’s “Morbius” cashed in $39.1 million after its release in 4,268 screens across theaters in North America in its first weekend and $44.9 million in international releases increasing its global total to $84 million.
The vampire-infused comic book movie cost Sony $75 million though it spent a lot of money–several million on advertising, as well.
Jared Leto stars in the title role. Michael Morbius is a renowned biochemist who is transformed into a vampire when he attempts to cure himself. He suffers from a rare blood disease. The cast also includes
Adria Arjona
Matt Smith
Jared Harris and Michael Keaton.
The Daniel Espinosa directed movie has received an average response from both critics and moviegoers with a CinemaScore of C+ and 17 percent on Rotten Tomatoes. Sony is planning to release other stand alone movies from the Universe of Marvel Characters including Aaron Taylor-Johnson as “Kraven the Hunter” and Dakota Johnson as “Madame Web.”
Morbius will soon face competition and might be dethroned from its No. 1 position as April 8 will see the release of “Sonic the Hedgehog 2” and the much awaited Harry Potter spinoff “Fantastic Beasts: The Secrets of Dumbledore” on April 15.
Paramount’s “The Lost City” is at No. 2, in its second weekend at the box office. The Sandra Bullock-Channing Tatum romantic comedy grossed $14.8 million this weekend and its total has reached $54.5 million and is still a bit short of its $68 million cost.
Robert Pattinson’s “The Batman” is at the third position with $10.8 million. It has grossed $349 million domestic sales and continues to do well internationally. It has crossed $710.5 million as revenues from its worldwide collection and is the top domestic and international movie of the year, to date.
Tom Holland’s “Unchartered,” a movie that is adapted from a video game, is at the fourth position with $3.6 million while Crunchyroll’s anime film Jujutsu Kaisen 0 collected $1.9 million this weekend at the box office.
On Tuesday, two popular and effective presidents of the nation–Joe Biden and Barack Obama will join together to unveil the Affordable Care Act (ACA), commonly called Obamacare. The new act has fixed a glitch and has also been upgraded to be more inclusive. The presidents believe that these changes will help American families save thousands of dollars in healthcare.
Former president Barack Obama will return to his former home for the first on Tuesday, since he left office. Obama left the White House after completing his second term in 2017. He is returning for a momentous occasion as this signature healthcare law, commonly called Obamacare, has had a tremendous influence in the lives of millions of Americans and will continue to do so. Obamacare is considered to be one of the best achievements of his presidential tenure.
The Biden administration will fix the “family glitch” in an event that will take place, on Tuesday afternoon at 1.30 p.m. EDT at the Rose Garden. This is considered to be the most significant administrative action taken that will improve the ACA since its landmark debut in 2010.
(Photo: White House 2022 Former President Obama and President Biden)
When the law, which had benefited Americans from more than a decade, was enacted Barack Obama was the president and Joe Biden was the vice president of the nation. Now, both the presidents will address the nation and tout Its far reaching effects, which have transformed healthcare in the U.S. The ACA will boost the healthcare of many more Americans as it will be cost effective. It will increase the number of people who will benefit from it.
The White House said in a statement: “Thanks to the landmark American Rescue Plan, ACA premiums are at an all-time low, while enrollment is at an all-time high.”
It also noted that four out of five Americans were able to find “quality coverage under $10 a month.” It also mentioned that American families could save approximately $2,400 each year on annual premiums, which led to a monthly saving of $200 that could be used by these families for other expenses.
White House press secretary Jen Psaki said that the two Democrat leaders, who are also friends, will have lunch together at the White House. Although both former president Barack Obama and president Joe Biden have kept in touch with each other, this will be the first time that they will be together, in the White House, since 2017.
(Photo/Credit: President Obama White House 2013)
According to a Securities and Exchange Commission (SEC) 13G report issued Monday, Musk holds 73,486,938 shares of Twitter, representing a 9.2% passive ownership in the firm. Based on Twitter’s price at Friday’s market close, the stake is worth $2.89 billion.
Elon Musk, the CEO of Tesla, bought a substantial interest in Twitter, making him the social media business’s largest outside stakeholder, not long after denouncing the company for failing to maintain the fundamentals of free speech.
The purchase comes less than two weeks after Musk chastised the company on Twitter, asking followers whether it upholds free speech values.
On Twitter, Musk polled his more than 80 million Twitter followers last month, asking if the company adhered to free speech ideals. He inquired if a new platform was needed after more than 70 percent responded no. Musk then hinted that he was considering creating a new social media platform.
According to analysts, Musk appears to be more interested in altering Twitter from within. While holding 9.2 percent of Twitter does not give him complete control over the firm, it does give him the ability to influence future choices. It also offers the possibility of a future buyout.
Musk’s major means of communication with the general public is Twitter, which he uses multiple times a day. He is one of the most well-known Twitter users, and has a history of getting into controversy on the platform. The CEO is attempting to get out of a 2018 agreement with the SEC that imposed restrictions on his tweeting about the electric vehicle company.
On Aug. 7, 2018, Musk announced that he had “financing secured” to take Tesla private at a price of $420 per share. For Musk and Tesla shareholders, the year after that tweet was a roller coaster. The corporation set performance records during that time, but it also had to cope with litigation, government investigations, and layoffs. Musk also struck a deal with the Securities and Exchange Commission, which saw him removed from his position as chairman of Tesla.
(Photo/ Credit : rafapress)
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