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California Gov. Gavin Newsom survived Tuesday's recall election thanks in part to public reaction to ultra-conservative challenger Larry Elder's run. |
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Nemsom survives California governor recall election Capturing 60% of the vote, California Gov. Gavin Newsom received more than enough support in Tuesday's recall election to remain in office. Ironically, the Democrat has pro-Trump rival Larry Elder to thank for the high turnout that keeps him in the governor's mansion. Newsom used a desperate plea not to turn the state over to the ultra-conservative Elder to rally Californians to the polls. Without them, Newsom might not have received the majority vote needed -- and the leader of the world's sixth largest economy would come from a colotful field of 46 candidates that included reality TV stars and social media influencers. But it was a right-wing talk show host that turned the tide, and like Trump, he was crying foul before the count. Newsom received a backlash from Californians on both sides of the political aisle last year when he was caught violating his own COVID lockdown orders to attend a dinner at the famed French Laundry. The consequences saw Californians almost hang him out to dry. FIND OUT HOW CLOSE NEWSOM CAME TO BEING RECALLED
Latest inflation numbers show encouraging signs for recovery Economist braced for bad news that never came Tuesday as the latest Consumer Price Index figures showed a lower-than-expected increase in August. The 5.3% year-to-year figure and 0.3% increase from July were both lower than forecasts, and the latter was the lowest price jump of the past seven months as inflation is slowing. Inflation has been one of the biggest obstacles to a full economic recovery from the pandemic, particularly the sharp price increases in energy and food. Removing those sectors from the equation reveals only a slight .01% rise in inflation, signaling a cooling of price hikes in other areas. It's a small but encouraging sign for the economy. FIND OUT WHAT ANALYST SAY IT MEANS FOR THE RECOVERY
Supply chain issues threaten holiday shopping, sales There are exactly 100 shopping days left before Christmas, and even that might not be enough time to complete your holiday list. Due to continuing supply chain issues, under-staffing in the retail sector and product shortages across the board, it’s beginning to look a lot like Christmas shopping season is coming early in 2021. Industry experts project an active and lucrative holiday shopping season – if gift-givers can find what they’re looking for at the right time and price. Worldwide shortages of computer microchips are making tech items particularly difficult to find in time for Christmas, and short-circuiting the holiday sales that are traditionally offered. Play it safe; start shopping early or stock up on coal and switches. FIND OUT WHICH ITEMS WILL BE HARD TO FIND THIS FALL
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This edition is brought to you by The Economist, covering the German elections 2021 with a dedicated hub, election prediction model and poll tracker for full analysis.
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Markets
| DJIA | 34,603.62 | 0.08% |
| S&P 500 | 4,448.02 | 0.11% |
| Nasdaq Composite | 15,021.75 | -0.11% |
| Japan: Nikkei 225 | 30,511.71 | -0.52% |
| UK: FTSE 100 | 7,033.25 | -0.01% |
| Crude Oil Futures | 73.11 | 3.76% |
| Gold Futures | 1,795.20 | -0.66% |
| Yen | 109.31 | -0.35% |
| Euro | 1.18 | 0.04% | | * As of market close |
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Apple rolls out iPhone13 amid spyware fix
Apple unveiled the new iPhone13 on Tuesday, one day after the tech giant advised users of a spyware attack. Granted, it's not the best timing from a marketing standpoint, but it's highly unlikely to keep consumers from lining up for the new phones that actually aren't much of an upgrade. Apple CEO Tim Cook introduced the iPhone13 via teleconference, and the Twitterverse quickly responded that the features were very similar to the iPhone12. Many were still steaming over the urgent fix to their Apple products after cybersecurity researchers found a weakness that allowed Pegasus spyware to infect a wide range of devices without user consent. SEE THE NEW iPHONE13S AND HOW TO SECURE YOUR DEVICE
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Facebook admits Instagram bad for teens
Remember those awkward teenage days before social media, when troubled youths were largely left to suffer in silence? In today’s information age, it seems social media platforms like Instagram only magnify teens’ low self-esteem and sense of not belonging than in previous generations. An internal study by Facebook showed higher cases of depression and feelings of isolation because of their experiences on Instagram. It was one thing when kids weren't invited to the cool kids' party; now they have to see posted images of what their missing. Feelings of inadequacy, poor self-esteem and negative body image, particularly among teenage girls, are exacerbated by what they see and read on Instagram, prompting Facebook to ramp up efforts to create a more positive platform for teens. FIND OUT FACEBOOK’S PLANS FOR A TEEN-ONLY INSTAGRAM
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Fast food? Groceries delivered in 30 minutes
It used to seem like a monumental effort for Domino's to deliver a pizza in 30 minutes or less. Now consumers can get a whole week's worth of groceries brought to their door in the same time span it takes to watch the nightly news thanks to a new partnership between Kroger and Instacart. The grocery and delivery giants announced plans to offer 30 minute delivery of customers' selection of 25,000 items from Kroger’s 2,700 stores, reaching 50 million households with just a few clicks. It seems the delivery craze brought on by the pandemic is sticking: “The consumer’s need for speed is real and here to stay,†Instacart CEO Fidji Simo said. FIND OUT HOW AND WHEN YOU CAN GET 30-MINUTE DELIVERY
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Golden gov
There have been 55 elections to recall a California governor but only one was successful. Name the deposed governor and the year it happened. Tuesday’s answer: The first dog (or animal of any kind) in space was Laika, a mongrel mutt taken from the streets of Moscow and launched into orbit in 1957 as part of the Soviet Union's Sputnik II space program. SEND YOUR ANSWER HERE TO SHOW OFF YOUR KNOWLEDGE
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Fast Start for friends
There's no better way to start your day than by waking up with Fast Start, except perhaps sharing it with friends. Spread the word by forwarding today's copy to your crew and tell them to let us know you sent them. HERE'S THE EMAIL ADDRESS YOUR FRIENDS WILL NEED
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