In short:
- US heating bills are expected to rise this winter.
- 70% of US children’s hospitals are at or above capacity.
- Flesh-eating bacteria is spreading among Floridians after Hurricane Ian.
US Recession Fears Grow; Heating Costs Rise; PFAS Found in Wildlife
More economists now believe the US is heading toward a recession within the next year. As a result, many employers are preparing for layoffs in the second and third quarters. This comes amid rising inflation, tight labor markets, and slowing consumer spending.
The UK's inflation rate has climbed to 10.1%, driven by soaring food and energy prices. The Bank of England warns that inflation could peak at 11% this year. These figures will also be used to calculate pension and benefit increases in April 2024.
Heating costs in the US are on the rise as winter approaches. With energy prices still high, families across the country are bracing for higher utility bills. Here’s what you need to know about the latest price trends.
Here are some basic steps to prepare:
- Pay off high-interest debt first. This is often the most effective way to improve your financial health and reduce stress.
- Start building an emergency fund. Even setting aside 1-5% of your income each month can make a big difference over time.
- Stock up on essentials like food, water, medicine, and toiletries. Being prepared for unexpected situations is always wise.
- Find ways to stay warm without relying on electricity. Check out community forums for tips and ideas on how to weather the cold more efficiently.
The White House announced it will release 15 million barrels from the Strategic Petroleum Reserve to help lower energy prices. The reserve currently holds about 405 million barrels—roughly 57% of its total capacity. This move is intended to ease pressure on consumers and stabilize the market.
Fertilizer prices in the US are falling due to decreased demand. American farmers are holding off on purchases, and Brazilian farmers are doing the same, leading to a surplus and lower prices. This trend may continue if global demand remains low.
Modern Bivalent Booster Offers Strong Protection Against Omicron; Hospitals Are Overwhelmed
New data shows that Moderna’s bivalent booster offers strong protection against Omicron for at least three months. It produces more antibodies against BA.1 than the original vaccine, regardless of prior infections. The booster also provides better defense against newer subvariants like BA.4 and BA.5.
Encouraging news with UPDATED DATA! Moderna's Omicron bivalent booster vaccine candidate, mRNA-1273.214, has demonstrated superior neutralizing antibody responses against ALL variants of concern INCLUDING Omicron subvariants BA.4, BA.5, AND BA.2.75! Let’s talk about that!
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