In short:
- US heating bills are expected to rise this winter.
- 70% of US children’s hospitals are at full capacity.
- Flesh-eating bacteria is spreading among Floridians following Hurricane Ian.
US Recession Looms; Heating Prices Rise; High PFAS Levels Found in Deer and Fish
More economists now believe the US is heading into a recession within the next 12 months. This has led to concerns that employers may start cutting jobs in the second and third quarters. As economic uncertainty grows, it's more important than ever to be financially prepared.
UK inflation hit 10.1%, driven by rising food and energy costs. The Bank of England warns that inflation could peak at 11% this year. These numbers will also affect future pension and benefit increases, as September’s data is used to calculate those adjustments.
A reminder that heating bills in the US are expected to go up this winter. With energy prices on the rise, it’s wise to start planning ahead for higher costs. Here’s what you need to know about the latest price increases.
Here are some basic steps to prepare for the coming cold season:
- Pay down high-interest debt first. This often offers the best return on investment when preparing for potential financial challenges.
- Start or grow your emergency fund. Aim to save at least 20% of your income, but even small amounts can make a big difference over time. Automate savings to build the habit.
- Stock up on essentials like food, water, medicine, and toiletries. A well-stocked pantry can help during unexpected situations.
- Explore alternative ways to stay warm without relying on electricity. Check out forums for tips and use a home winterization checklist.
The Biden administration announced it will release 15 million barrels from the US oil reserve and encourage domestic production to help lower prices. As of October 14, the reserve held 405.1 million barrels—about 57% of its maximum capacity. That’s enough to cover more than two years of U.S. crude imports based on 2021 data.
US fertilizer prices are falling due to decreased demand. American farmers have been holding off on purchases, and Brazilian farmers are doing the same, leading to a surplus and lower prices.
Modern Bivalent Booster Protects Against Omicron; 70% of US Children’s Hospitals Full
New data shows that Moderna’s bivalent booster provides 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 immune response lasted at least three months, and the booster is especially effective against later Omicron 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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