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Anna's Daybreak News

_{Just facts, you think for yourself}

Thursday, 5:16 AM

November 14, 2024

Good morning news friend! Keep up with the latest updates, following the constantly shifting stories shaping our world.📰🌟

US Inflation Sees Unforeseen Rise in October

In October, US inflation increased, with consumer prices up 2.6% year-over-year, rising from 2.4% in September. This is the first annual inflation increase in seven months.

The consumer price index (CPI) edged up 0.2%, unchanged from previous months. Core prices, excluding food and energy, also grew by 3.3% annually.

Housing costs contributed more than half of the monthly CPI increase, with shelter costs rising 0.4%. While grocery prices only increased by 0.1%, gas prices fell by 0.9%. Used car prices saw a spike of 2.7% from September to October.

Economists believe the Federal Reserve may implement another rate cut in December, bringing the total rate reduction to a full percentage point.

Source: Read More

CIA Leaker Arrested

A CIA official, Asif W. Rahman, was charged for leaking highly classified documents. He was arrested by the FBI in Cambodia and is now in federal court in Guam.

The leaked documents detailed Israel's potential military response to a missile attack by Iran earlier this year. These materials originated from the National Geospatial-Intelligence Agency, which analyzes data from US spy satellites.

The classified information began circulating on the Telegram app last month. Rahman held a top-secret security clearance.

The FBI confirmed its investigation into the leak. Rahman is charged with two counts of violating the Espionage Act.

Source: Read More

October Deficit Surges

In October, the US budget deficit soared to $257 billion. An increase of 287% from $67 billion in October 2023. Adjusted for calendar differences, the deficit was $121 billion, an 89% jump from the previous year.

Tax receipts fell by 19%, totaling $327 billion. Meanwhile, outlays climbed by 24% to $584 billion, driven by higher spending on Social Security, Medicare, and military expenses.

Gross interest costs declined for the first time since August 2023, totaling $82 billion. However, net interest on public debt rose to $80 billion, an increase of $4 billion from last October.

Fiscal year 2024 will have a deficit of $1.83 trillion, the largest outside the COVID-19 pandemic.

Source: Read More

Trump’s Trifecta

The election results show that Republicans retained their narrow control of the US House, along a majority in the Senate.

Trump now wields significant influence over budget and tax negotiations. Trump aims to extend tax cuts from his first term and introduce new cuts that he promised during his campaign.

He nominated Rep. Matt Gaetz as Attorney General. Trump appointed Tulsi Gabbard, former Democratic Rep. from Hawaii, as Director of National Intelligence. Sen. Marco Rubio of Florida is the nominee for Secretary of State

Dan Scavino returns as Deputy Chief of Staff. Stephen Miller will serve as Homeland Security Adviser. And a new Department of Government Efficiency will be headed by Elon Musk and Vivek Ramaswamy.

Source: Read More

Gold War in Colombia

In the depths of Buriticá, Colombia, Zijin Mining Group faces an assault from illegal miners backed by the Gulf Clan, a drug militia of about 7,000 members.

These miners, numbering around 2,000, infiltrate Zijin's gold mine through a vast network of tunnels, leading to an estimated loss of over 3.2 tons of gold, valued at $200 million.

This illegal activity, driven by surging gold prices—up by 30% this year—has escalated since the 2022 election of President Gustavo Petro.

Over four years, the Gulf Clan has seized more than 60% of Zijin’s mines, costing the company approximately 40 tons of gold. The Colombian government stated that flushing out clandestine miners is beyond their current capacity.

Source: Read More

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Baked with love,

Anna Eisenberg ❤️