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Prices in the U.S. surged 9.1% in June from a year ago. The reading is bad news for Americans at a moment when their wages are falling further behind the nation’s soaring cost of living, and ramps up pressure on the Fed to continue raising interest rates.
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President Biden’s approval rating is in the 30s and nearly 80% of voters say the country is heading in the wrong direction. But Democrats and Republicans are in a close race for control of Congress this year, a New York Times/Siena College survey shows. nyti.ms/3yFXPIe
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Inflation remained painfully high in June, with prices in the U.S. climbing 9.1% from a year ago. The number was higher than economists expected and spelled trouble for consumers and the Federal Reserve as it tries to contain rapid price increases. nyti.ms/3ICnOF3
The headline reads, "7 takeaways from a high inflation number." 1. The 9.1% increase came in large part because gas prices jumped in June. July could see some moderation. 2. The core index rose at a quicker-than-forecast 5.9% and unexpectedly picked up on a monthly basis. 3. The increases were broad: Food is much more expensive; rent prices climbed by the most since 1986. 4. There are hints that the price of goods might be moderating. 5. The upshot for the Fed is bad. 6. The Fed is expected to raise interest rates by 0.75 percentage points later this month, but investors increasingly anticipate an even larger increase. 7. For American shoppers, the report was confirmation that the economy is incredibly challenging to navigate.
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Trust in U.S. democracy across nearly all demographics and ideologies is wavering as voters believe their system of government does not work, a New York Times/Siena poll found. Almost 60% of voters say the system needs reform.
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Rusia necesita más soldados para sostener su guerra en Ucrania. Receloso del riesgo político de un reclutamiento nacional generalizado, el Kremlin promete fuertes incentivos en efectivo y emplea tácticas de mano dura para compensar el déficit de personal.
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President Biden arrived in Israel, nearly 50 years after his first trip as a senator, on Wednesday to open his Middle East visit to focus on slowing down Iran's nuclear program, getting oil to American gas pumps and improving relations with Saudi Arabia. nyti.ms/3NZDqU5
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Sri Lanka plunged deeper into crisis on Wednesday as Prime Minister Ranil Wickremesinghe was appointed acting president after Gotabaya Rajapaksa fled the country. Wickremesinghe vowed to retake government buildings overrun by protesters. nyti.ms/3c8k7uD
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Thousands of demonstrators are angry about Sri Lanka's economic crisis and demand that the president and prime minister step down. Ranil Wickremesinghe, who was appointed president of the country, vowed to retake government buildings overrun by protesters. nyti.ms/3P3pABu
A sea of protesters are waving the red, orange, green and yellow Sri Lankan flag and holding their fists in the air as they take control of the prime minister's office in Colombo on Wednesday, July 13, 2022. Photo by Atul Loke for The New York Times.
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Ranil Wickremesinghe was made prime minister of Sri Lanka in May, after protests forced Gotabaya Rajapaksa to remove his brother. Now, as acting president, protesters view Wickremesinghe as a protector of the Rajapaksas. Their concerns have not abated.
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Prices in the U.S. rose 9.1% in June from a year ago, a 40-year high that defied expectations of moderating price pressures. Food, rent and gas were among the categories that recorded the biggest increases, further squeezing Americans’ budgets. nyti.ms/3o1iUYG
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Ray Epps was taped before Jan. 6 urging people to go to the Capitol. Then he became the face of a conspiracy theory by pro-Trump forces that the FBI was behind the riot. Since then, he's been forced to sell his home and his business — and go into hiding.
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Today we're beginning a series exploring the lives and work of artists driven far from their homelands amid the growing global refugee crisis. Here's on the students of the Afghanistan National Institute of Music, starting over in Lisbon.
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New details about a December 2020 meeting between Donald Trump and advisers emerged during the Jan. 6 hearing on Tuesday. The “unhinged” event became known as an inflection point in Trump’s efforts to stay in power after losing the election.
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New: Since becoming the unlikely face of the one of the biggest Jan. 6 disinformation campaigns, Ray Epps has lost his home, his business, friends, relatives and hundreds of thousands of dollars. He now lives more or less in hiding in a trailer park.
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Russian and Ukrainian negotiators are set to meet in Istanbul on Wednesday, in the increasingly desperate effort to release huge amounts of grain from Ukraine’s ports. Officials have tried for months to break the impasse. nyti.ms/3IynuXO
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Before the James Webb Space Telescope's images were made public, a small team — a mix of astronomers, press officers and science communicators — gathered to select which pictures to share after they had first signed NDAs to ensure no early leaks.
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