Anna's Daybreak News

Good morning news friends! . Buckle up, because we're about to blitz through the news and keep you informed like never before! 📰🌟

• The San Francisco Federal Reserve Bank finds that interest rate increases reduce potential economic output for at least 12 years


• These effects develop primarily through investment decisions resulting in lower productivity and capital stock


• Traditional theories of national economies assume policy has a neutral effect in the long run


• It looks like the Fed may have just uttered a big womp womp for fast economic recovery
Source: Read More

• The Secure 2.0 Act, passed late last year, originally mandated that if 401(k) plans allow older workers to make “catch-up” contributions they must ensure those earning more than $145,000 use an after-tax Roth for their contributions — rather than a traditional pre-tax 401(k) — starting in 2024.


• The IRS has pushed back the deadline for this change until 2026, giving employers time to adjust to the Biden administration’s package of reforms.


• The decision temporarily prevents high earners from forfeiting the tax benefits associated with catch-ups made to traditional pre-tax 401(k) accounts.


• Looks like those at the top are living large…again.
Source: Read More

• Ukraine’s Security Service intercepted 17 phone calls from Russian soldiers fighting in the Ukraine in early July.


• The calls are filled with expletives and complaints about poor equipment, heavy casualties, and a lack of munitions.


• This provides us a rare glance into the conditions of some Russian soldiers, as they battle it out with underprepared troops.


• Early Wednesday morning, Russia launched a missile attack on Kyiv which was intercepted by the country's air defence systems.


• Looks like Putin's promise of "whatever it needed" to the army has fallen flat
Source: Read More

• Cancer rates among people younger than 50 have risen drastically over the past three decades.


• Cancers of the windpipe and prostate were the ones that rose most sharply.


• It is still a mystery why this is the case, although it could be linked to environmental pollution, changing lifestyles, etc.


• The trend threatens to strain already stretched healthcare systems, and future cases and associated deaths will continue to increase by 2030.


• Cancer is a strange beast, but with the rise of early-onset cancer, the only thing that’s certain is that it’s sure to keep scientists scratching their heads.
Source : Read More

Baked with love,

Anna Eisenberg ❤️