The International Monetary Fund is now less optimistic about the global economy for 2021, but still sees reasonable growth over the medium term.
In its World Economic Outlook, published Tuesday, the Fund said it expects global gross domestic product to grow by 5.9% this year — 0.1 percentage point lower than its July estimate. For next year, the IMF has kept its global growth projection at 4.9%.
The revised outlook for this year comes amid supply chain issues in advanced economies and a worsening health situation in emerging countries.
“This modest headline revision masks large downgrades for some countries,” Gita Gopinath, chief economist at the IMF, said in an accompanying blogpost.
“The outlook for the low-income developing country group has darkened considerably due to worsening pandemic dynamics. The downgrade also reflects more difficult near-term prospects for the advanced economy group, in part due to supply disruptions.”
The United States is one of the countries in this position; the IMF has cut its growth estimates for the country this year by 1 percentage point to 6%. The growth outlooks for Spain and Germany were also cut by 0.5 percentage points each, and Canada’s was reduced by 0.6 percentage points.
Beyond 2022, however, the IMF forecasts a moderate global growth level of 3.3% over the medium term.
A recovery gap
The IMF said it was particularly concerned about the different paces of recovery in advanced and emerging economies.
Its estimates show that while advanced economies could exceed their pre-pandemic levels in 2024, developing countries, excluding China, could remain 5.5% below their pre-pandemic forecast.
“These divergences are a consequence of the ‘great vaccine divide’ and large disparities in policy support,” Gopinath said.
“While over 60% of the population in advanced economies are fully vaccinated and some are now receiving booster shots, about 96% of the population in low-income countries remain unvaccinated.”
Inflation
Consumer prices have risen substantially over the last couple of months on the back of supply chain disruptions and higher commodity prices, notably gas.
This rising inflation has ramped up the pressure on central banks to ease off their monetary stimulus programs quicker than anticipated.
“Inflation risks are skewed to the upside and could materialize if pandemic-induced supply-demand mismatches continue longer than expected,” the Fund warned in its report.
As a result, the IMF warned that, “although central banks can generally look through transitory inflation pressures and avoid tightening until there is more clarity on underlying price dynamics, they should be prepared to act quickly if the recovery strengthens faster than expected or risks of rising inflation expectations become tangible.”
Video footage from a woman’s phone shows the moments after a small plane crashed in a residential neighborhood, destroying multiple homes
A newlywed couple had just finished remodeling their Southern California home when it was engulfed in flames after a plane crashed into their San Diego neighborhood and killed at least two people, according to a local report.
The couple, identified as Courtney and Cody, bought the home in June, according to KGTV, and spent the following months remodeling before losing all of their possessions after a two-engine Cessna C340 nose-dived into the ground and crashed through the house.
“They just finished remodel yesterday,” Breana King, the sister of one of the newlyweds, told the station. “It could have been different, we’re just really lucky.”
Emergency crews work a the scene of a small plane crash, Monday in Santee, Calif. (AP Photo/Gregory Bull)
Both Courtney and Cody were at work at the time of the fatal crash, and their dog was in the care of a family member, the station reported.
The Cessna 340 smashed into a UPS van and then hit houses just after noon Monday in Santee, a suburb of 50,000 people.
Dr. Sugata Das, who worked for the Yuma Regional Medical Center, was identified as one of the victims in the Santee crash, KYMA reported, citing the facility. A second victim was identified as a UPS driver who was inside the van at the time of the crash. Two others were rushed to nearby hospitals with undisclosed injuries.
At least two people were killed and two others were injured when the plane crashed into a suburban Southern California neighborhood, setting two homes ablaze, authorities said. (AP Photo/Gregory Bull)
While Courtney and Cody’s home was empty, neighbors rushed to rescue an elderly couple believed to be in their 70s from a burning home next door. The elderly woman was pulled out through a window, while her husband was rescued from the backyard, resident Michael Keely said.
The plane, which was reportedly owned by Das, had departed from Yuma, Ariz., and was scheduled to land at Montgomery-Gibb Executive Airport in San Diego.
The National Transportation Safety Board and the Federal Aviation Administration are handling the investigation.
Fox News’ Bradford Betz and Louis Casiano along with The Associated Press contributed to this report.
Authorities in Wyoming planned to announce on Tuesday how they believe Gabby Petito was killed.
The Teton county coroner, Brent Blue, was scheduled to announce the findings of Petito’s autopsy at an early afternoon news conference.
The body of Petito, 22, was found on 19 September near an undeveloped camping area in remote northern Wyoming along the border of Grand Teton national park. Blue previously classified Petito’s death as a homicide – meaning her death was caused by another person – but did not disclose how she was killed pending further autopsy results.
Petito had been on a cross-country trip with her fiance, Brian Laundrie. She was reported missing on 11 September by her parents after she did not respond to calls and texts for several days while the couple visited parks in the west.
Laundrie is considered a person of interest in her disappearance and remains unaccounted for.
The search for Laundrie has generated a frenzy, with TV personalities like Duane Chapman, known as Dog the Bounty Hunter, and longtime America’s Most Wanted host John Walsh working to track him down.
The case has led to renewed calls for greater attention to cases involving missing Indigenous women and other people of color, with some commentators describing intense coverage of Petito’s disappearance as “missing white woman syndrome”.
Petito and Laundrie posted online about their trip in a white Ford Transit van converted into a camper. They got into a physical altercation on 12 August in Moab, Utah, that led to a police stop which ended with officers deciding to separate the quarreling couple for a night. No charges were filed, and no serious injuries were reported.
Investigators have searched for Laundrie in Florida and also and searched his parents’ home in North Port, about 35 miles south of Sarasota.
Federal officials in Wyoming last month charged Laundrie with unauthorized use of a debit card, alleging he used a Capital One Bank card and someone’s personal identification number to make unauthorized withdrawals or charges worth more than $1,000 during the period in which Petito went missing. They did not say who the card belonged to.
Texas Governor Greg Abbott issued an executive order on Monday banning “any entity” in the state from enforcing a vaccine mandate. Abbott had previously issued orders banning government officials and entities from instating mask mandates.
“No entity in Texas can compel receipt of a COVID-19 vaccine by any individual, including an employee or a consumer, who objects to such vaccination for any reason of personal conscience, based on a religious belief, or for medical reasons, including prior recovery from COVID-19,” the order reads. “I hereby suspend all relevant statutes to the extent necessary to enforce this prohibition.”
Those found in violation of the order will be subject to a fine.
Abbott also announced that he has added the issue of banning vaccine mandates to the agenda of the next special session of the state’s legislature. The order will be rescinded once legislation is passed, Abbott said.
“The COVID-19 vaccine is safe, effective, and our best defense against the virus, but should remain voluntary and never forced,” Abbott said.
The decision comes after President Biden announced a sweeping vaccine measure last month that requires all federal workers and contractors to be vaccinated against COVID-19. Mr. Biden also announced that the Department of Labor’s Occupational Safety and Health Administration would develop a rule mandating that all employers with 100 or more employees either require vaccinations or make unvaccinated workers show a negative test once per week. It is not yet clear when the OSHA rule will be implemented.
Multiple school districts in the state have defied Abbott’s previous ban on mask mandates. The state has filed lawsuits against those districts.
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Former Speaker of the House Newt Gingrich joined ‘Hannity’ to break down Biden’s sinking approval ratings.
Former Speaker of the House Newt Gingrich told “Hannity” Monday the “disasters” in Democratic states are going to get worse, while the “crisis of the American system” is whether “big government socialism” can be eliminated over the next few years.
NEWT GINGRICH: Well, I think it’s the President, but I also think it’s the Congress. I also think it’s governors and state legislatures. You know, we are a remarkable country and allowing people to be engaged in self-government. And what you’re seeing is an amazing split. You have California doing insanely stupid things, driving people out of California toward states that have rational government.
The gap between the red states and the worst of the blue states, it’s as though they were two totally different countries. The red states with Republican governors, Republican legislators, lower taxes, less regulation, favoring work, favoring job creation; they’re going to do great. They also have schools that actually work. These blue states California, [Illinois], New York, they’re disasters and they’re all going to get worse because their policies don’t work. Their ideology doesn’t work. Their union allies are destroying the system.
And I think it’s a real crisis of the American system; whether or not we ultimately over the next five or six years eliminate this radical, big government. socialism – go back to a traditional American model where work matters.
Texas Gov. Greg Abbott signed an executive order banning entities from requiring COVID-19 vaccines.
Abbott’s order would also apply to private businesses.
Abbott is calling on the state legislature to pass a similar law.
In an executive order on Monday, Texas Gov. Greg Abbott banned any entity, including private businesses, from issuing COVID-19 vaccine mandates.
“No entity in Texas can compel receipt of a COVID-19 vaccine by any individual, including an employee or a consumer, who objects to such vaccination for any reason of personal conscience, based on a religious belief, or for medical reasons, including prior recovery from COVID-19,” Abbott said in the order.
Abbott has also called on the Texas legislature to also pass a law banning COVID-19 vaccine mandates.
In a statement, Abbott, who has been vaccinated, said the vaccines are safe and encouraged those who are eligible to get them but said they should be voluntary.
The Texas Tribune reported that a previous executive order had already banned government agencies, cities, counties, and school districts from imposing COVID-19 vaccine requirements.
The Associated Press reported that Monday’s executive order comes as President Joe Biden’s administration is expected to issue rules requiring businesses with over 100 employees to require COVID-19 vaccination or weekly testing.
“In yet another instance of federal government overreach, the Biden Administration is now bullying many private entities into imposing COVID-19 vaccine mandates, causing workforce disruptions that threaten Texas’s continued recovery from the COVID-19 disaster,” Abbott said in the order.
Several Texas-based companies, including major airlines like American Airlines and Southwest Airlines, have said they’d abide by Biden’s mandate, CBS News reported.
A pair of House Republicans introduced a measure in support of the federally recognized Columbus Day holiday amid efforts largely on the left to promote Indigenous Peoples Day instead.
“Columbus Day honors not just the contributions and ingenuity of Christopher Columbus, but also of the generations of Italian Americans that followed. It is a day of great pride and celebration for the Italian American community,” Garbarino tweeted on Monday.
Columbus Day honors not just the contributions and ingenuity of Christopher Columbus, but also of the generations of Italian Americans that followed. It is a day of great pride and celebration for the Italian American community. Happy Columbus Day! pic.twitter.com/1dKeTYTCqt
Proponents of Indigenous Peoples Day argue that there should be a holiday celebrating the historical contributions of Native Americans rather than Columbus, who enslaved the Native people he encountered during his voyages to what would be later be known as the Americas.
“For generations, Federal policies systematically sought to assimilate and displace Native people and eradicate Native cultures,” Biden wrote in the proclamation. “Today, we recognize Indigenous peoples’ resilience and strength as well as the immeasurable positive impact that they have made on every aspect of American society.”
Biden also issued a proclamation acknowledging Columbus Day and the contributions of Italian Americans but noted the “painful history of wrongs and atrocities that many European explorers inflicted on Tribal Nations and Indigenous communities.”
“It is a measure of our greatness as a Nation that we do not seek to bury these shameful episodes of our past — that we face them honestly, we bring them to the light, and we do all we can to address them,” Biden wrote. “On this day, we recognize this painful past and recommit ourselves to investing in Native communities, upholding our solemn and sacred commitments to Tribal sovereignty, and pursuing a brighter future centered on dignity, respect, justice, and opportunity for all people.”
At the federal level, Democratic members of Congress have introduced legislation to make Indigenous Peoples Day a federal holiday instead of Columbus Day.
Many Republicans, meanwhile, have pushed back against the criticisms of celebrating Columbus Day by arguing its legacy deserves recognition despite the complicated history.
“These extremists seek to replace discussion of his vast contributions with talk of failings, his discoveries with atrocities, and his achievements with transgressions,” Trump wrote. “Rather than learn from our history, this radical ideology and its adherents seek to revise it, deprive it of any splendor, and mark it as inherently sinister.”
“I believe America has been the greatest force for good in the history of the world. Do we have our faults? Certainly. Including especially the oppression of Native Americans & our original sin the grotesque evil of slavery. But our IDEALS transformed the world,” Cruz wrote.
TAMPA (WFLA) – Teton County Coroner Dr. Brent Blue will host a press conference Tuesday at 2:30 p.m. via Zoom regarding the ruling on the autopsy of Gabby Petito.
Leaders with the Federal Bureau of Investigation confirmed on Sept. 19 human remains were found near Grand Teton National Park and matched the description of the missing 22-year-old North Port woman. An FBI spokesperson noted that full forensic identification had not yet been completed.
Along with an identification, the medical examiner could also reveal the cause of death in the autopsy.
Facebook whistleblower Frances Haugen said Monday she will meet with the social media company’s Oversight Board sometime in the coming weeks. The Oversight Board said in a statement it wants to “gather information that can help push for greater transparency and accountability.”
Why it matters: Last week, Haugen urged lawmakers to regulate Facebook, saying it knows its algorithms can lead teens to pro-anorexia content and that it boosts extreme content more likely to elicit a reaction from users.
Haugen tweeted confirming that she has accepted the invitation to brief the Oversight Board, adding “Facebook has lied to the board repeatedly, and I am looking forward to sharing the truth with them.”
Of note: Haugen’s busy schedule this month will include appearing before the U.K. parliament on Oct. 25 to give evidence to the joint committee considering the Online Safety Bill, legislation geared toward regulating social media companies.
“There needs to be greater transparency on the decisions companies like Facebook take when they trade off user safety for user engagement. We look forward to discussing these issues with Frances Haugen,” Member of Parliament Damian Collins, chair of the committee, said in the press release.
Stephanie Grisham is “under no illusions” that she’ll be forgiven her for role in Trump’s rise.
She told Insider in an interview that she still wants to help stop Trump from winning a 2nd term.
“All I can do is try my best to say all that I can for 2024,” she said, adding, “I really think our country will be in danger if he takes office.”
Stephanie Grisham is “under no illusions” that the American public will forgive her for the prominent role she played in former President Donald Trump’s rise to power, but wants “to do all I can” to stop him from winning a second, she told Insider in an interview.
The former White House press secretary and chief of staff to former first lady Melania Trump joined Trumpworld as a rank-and-file press wrangler on Trump’s 2016 presidential campaign, and spent six years rising through the ranks to be one of the few trusted aides and confidantes in Melania’s inner circle and hold the most coveted job in political communications.
Grisham said that while she’s taking a break from the political scene and not thinking about her next act professionally, half-joking that “I think people probably need to have a little break from me as well,” her mind is on upcoming elections in 2022 and 2024.
“I think that if he goes back in 2024, his first thought process is going to be revenge and retribution,” she said of Trump. “And I think he’s going to hire people with whom the vetting process won’t matter because at the end of the day, he’ll be in there, and he won’t have to run for reelection.”
Grisham told Insider that Trump’s ability to give voice to “people who felt forgotten” is what initially drew her to his campaign and made her feel good about working for him, but is now being weaponized.
“I think now as he was president and he’s watched how much power he had, and he has seen that all he has to do is say a phrase or two, that there are these thousands and thousands of people who will take him so literally and fight for him, and that’s dangerous,” Grisham said of Trump’s supporters. “There are all these people who, I think, feel such gratitude that he gave them a voice, that now they’re willing to do anything to keep that feeling of somebody is fighting for us. And I think that’s very dangerous. And I think the former president is taking advantage of it.”
“I’m going to do all I can if asked to answer questions about, you know, ‘Hey, why do you think he’s doing this? Why do you think he’s doing that?’ Because if there’s anything I do know, it’s the Trump playbook,” she added.
White House press secretary Stephanie Grisham, second from left, listens to deputy press secretary Hogan Gidley, as they wait for President Donald Trump to arrive to speak the media about the Congressional testimony of former special counsel Robert Mueller, Wednesday, July 24, 2019, before boarding the Marine One helicopter on the South Lawn of the White House in Washington.
AP Photo/Jacquelyn Martin
‘If people ask me for help in any way, yes, I will be right there to do it.’
Grisham said that when fellow Republicans have privately praised her bravery, she’s responded: “well then, I really wish you would speak up too.”
“I’m just hoping that people will get a little braver and speak out against it. And like I said, it might not happen, but at least at the end of the day, I will have tried,” she said. “And I know that my part in the last four, five, six years will never be forgiven. I have no illusions that it will, but all I can do is try my best to say all that I can for 2024. And I really, really think our country will be in danger if he takes office.”
She told Insider that she is proud of the Trump administration policies she worked on and argued “there are plenty of Republicans out there who can push forward” those policies “without all the vitriol and hate and revenge motives.”
Because of Grisham’s years at the highest levels of Trumpworld and once-dogged loyalty to the Trumps, speaking out would continue to put her directly at odds with both the former president and first lady, who she says cut her off entirely after her resignation.
Both Grisham’s former employers have denounced her in harsh, personal terms, and sought to discredit her as a vengeful, disgruntled ex-employee seeking to trade in on her White House experience to cash in at their expense.
The day before the book’s publication, Melania’s office put out a statement accusing Grisham of “trying to rehabilitate her tarnished reputation by manipulating and distorting the truth,” calling her “a deceitful and troubled individual who doesn’t deserve anyone’s trust.”
And while Grisham sounded the alarm about what a second Trump term would hold, she speculated that it likely wouldn’t include two of her biggest foes in the White House and the targets of many of her grievances in the memoir: Trump’s daughter Ivanka Trump and son-in-law Jared Kushner, who served as senior advisers in the West Wing.
“Maybe I’m being an idiot and naive as usual, but I feel like Jared and Ivanka would stay out of another White House,” she said. “I just do. I think towards the end that the president was even getting a bit fed up with some of Jared’s advice. And I think that in terms of just the stress, the pressure, and their family, and they’ve moved to Florida, I kind of don’t think they would join it up again.”
Grisham laughed when asked if she envisions her next act as a Trump whisperer of sorts.
“I still am healing from the whole process and I am still really enjoying reconnecting with family and friends,” she said. “So for me, that’s still my priority, but as we get closer to 2022 and 2024, if, you know, if people ask me for help in any way, yes, I will be right there to do it.”
In a letter released Monday, some 450 organizations representing 45 million health-care workers called attention to the way rising temperatures have increased the risk of many health issues, including breathing problems, mental illness and insect-borne diseases. One of the papers analyzed for the Nature study, for example, found that deaths from heart disease had risen in areas experiencing hotter conditions.
At least two people were killed and two others were hospitalized when a small plane crashed in a neighborhood in Santee, California, near San Diego, on Monday, officials said.
Part of the plane struck the back of a home, city fire officials said. The crash impacted at least two houses, a delivery truck and a fire hydrant, city officials said.
The FAA said the twin engine Cessna C340 crashed at 12:14 p.m. local time. It’s not yet clear how many people were on board.
There are at least two burn victims who are believed to be from a home, Santee Fire Chief John Garlow said.
Multiple structures and multiple cars were on fire. The blaze has since been extinguished, officials said.
Residents have been urged to avoid the area.
This is a developing story. Please check back for updates.
What started in 1977 as a day of respect at a discrimination conference has now become a national holiday honored by President Joe Biden.
Indigenous Peoples’ Day, which honors Native American history and culture, falls on the calendar the same day Columbus Day, first recognized as a national holiday in 1934 by President Franklin D. Roosevelt.
Columbus Day has prompted political debate in states, cities and municipalities around the U.S., especially in the last decade, with many favoring Indigenous Peoples’ Day instead.
“For generations, Federal policies systematically sought to assimilate and displace Native people and eradicate Native cultures,” Biden wrote in the Indigenous Peoples’ Day proclamation. “…we recognize Indigenous peoples’ resilience and strength as well as the immeasurable positive impact that they have made on every aspect of American society.”
What is Indigenous Peoples’ Day?
Indigenous Peoples’ Day is a holiday that celebrates and honors Native American peoples and commemorates their histories and cultures.
The celebrating of an Indigenous Peoples Day took root at an international conference on discrimination sponsored by the United Nations in 1977. South Dakota was the first state to recognize the day in 1989, and the cities of Berkeley and Santa Cruz, California, followed.
In 1990, the International Conference on Discrimination Against Indigenous Populations in the Americas, sponsored by the United Nations, began to discuss replacing Columbus Day with Indigenous Peoples’ Day.
States California and Tennessee observe Native American Day in September, not conflicting with Columbus Day.
“For over 500 years, Indigenous people have been fighting for their survival, land and rights,” Les Begay, a Diné Nation member and co-founder of the Indigenous Peoples’ Day Coalition of Illinois, said at a rally Monday in Chicago. “Each October, when Columbus is honored, it further diminishes and erases Native people, their history and their culture.”
Biden commemorated Indigenous Peoples’ Day. What does that mean?
On Friday, Biden issued the first presidential proclamation of Indigenous Peoples’ Day.
The president’s proclamation serves as the most significant boost yet to efforts to refocus the federal holiday celebrating Christopher Columbus toward an appreciation of native peoples.
Biden also issued a proclamation of Columbus Day on Monday, Oct. 11, which is established by Congress.
“Today, we also acknowledge the painful history of wrongs and atrocities that many European explorers inflicted on Tribal Nations and Indigenous communities,” Biden wrote. “It is a measure of our greatness as a Nation that we do not seek to bury these shameful episodes of our past — that we face them honestly, we bring them to the light, and we do all we can to address them.”
What states and cities celebrate Indigenous Peoples’ Day?
Over a dozen states and more than 130 local governments have chosen to not celebrate Columbus Day altogether or replace it with Indigenous Peoples’ Day. Many states celebrate both. Eleven U.S. states celebrate Indigenous Peoples’ Day or a holiday of a similar name via proclamation, while 10 others treat it as an official holiday. The 11 states that observe the holiday via proclamation include: Arizona, California, Iowa, Louisiana, Michigan, Minnesota, Nevada, North Carolina, Virginia, Wisconsin, Washington DC.
And the 10 that officially celebrate it include: Alabama, Alaska, Hawaii, Maine, Nebraska, New Mexico, Oklahoma, Oregon, South Dakota and Vermont.
Some tribal groups in Oklahoma celebrate Native American Day in lieu of Columbus Day, with some groups naming the day in honor of their individual tribes.
More than 100 US cities have replaced Columbus Day with Indigenous Peoples’ Day, including Seattle, Los Angeles, Boston, Denver, Phoenix and San Francisco.
Is Columbus Day gone? Why is it controversial?
Though some groups argue that Columbus Day, which is still a federal holiday, celebrates Italian American heritage, many say the holiday glorifies an exploration that led to the genocide of native peoples and paved the way for slavery.
Although Columbus is credited as the “discoverer” of the New World, millions of people already inhabited the Americas. Columbus made four expeditions to the Caribbean and South America over two decades, enslaving and decimating populations and opening the floodgates of European colonization.
Many groups have called for the removal of monuments to Columbus, as well as to Confederate generals.
Columbus Day celebrations date back to 1792, when New York City celebrated the 300th anniversary of Columbus’ landfall. President Franklin D. Roosevelt proclaimed Columbus Day a national holiday in 1934 – one of 10 official federal holidays.
Are businesses closed Monday?
Most banks and post offices in the country are closed on Monday, with the day being recognized as a federal holiday.
Also closed are any agencies or institutions operated by the government, such as libraries, federal offices, and DMVs.
While locally owned businesses are up to the owner, supermarkets and most drug stores are open. Same goes for staples Target, Walmart, Stabucks and Dunkin’ Donuts.
National parks are also open.
Contributing: Grace Hauck, Associated Press, Times Record News.
In a letter released Monday, some 450 organizations representing 45 million health-care workers called attention to the way rising temperatures have increased the risk of many health issues, including breathing problems, mental illness and insect-borne diseases. One of the papers analyzed for the Nature study, for example, found that deaths from heart disease had risen in areas experiencing hotter conditions.
SANGIN, Afghanistan—Eighteen years after his bakery was destroyed in an American airstrike, 76-year-old Mohammad Nabi, assisted by six younger men, wrestled a brand-new clay oven off the back of a pickup truck. They placed it gingerly on the ground, amid the ruins of his old shop.
The houses in the bazaar around him were either bombed to piles of bricks and gravel, or disfigured by bullet holes. But Mr. Nabi was ready to start rebuilding his bakery now that he had finally returned home.
The conflict in Tigray, which is in Ethiopia’s north, began in November when Abiy, a Nobel Peace Prize winner, launched a military offensive against the TPLF, a regional political party that had ruled Ethiopia for three decades before the current government came to power in 2018.
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