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President Biden had his work cut out for him Tuesday when he addressed the United Nations, attempting to convince the world that America is back. |
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Biden delivers first United Nations address to a skeptical world Making his United Nations speaking debut as president, Joe Biden found himself on the defensive before he even took the podium. Making his case that the U.S. is “opening a new era of relentless diplomacy,†he had to overcome four years of "America First" and eight months of America's flubs, like the embarrassing retreat from Afghanistan and fallout from an arms deal that alienated ally France. Without specifically mentioning Russia or China, he called on the world to follow America's lead at this "inflection point" in history. He unveiled a treasure trove of new international initiatives, including a $10 billion fund to fight world hunger, a plan to address climate change and millions of doses of COVID vaccines to nations in need. His words were mostly welcomed, but the world wants to see action. SEE HOW BIDEN'S 'COLD WAR' COMMENT PLAYED AT THE UN
Cyptocurrency exchange sanctioned for role in cyberattacks If you trade cryptocurrency through the exchange SUEX, you may find yourself blocked from using the service. The U.S. government sanctioned the company for its alleged role in the recent wave of cyberattacks that have seen over $350 million in total ransom paid to bad actors this year in more than 1,500 attacks -- many using SUEX. As part of the investigation into the hacks that hit a major US pipeline, an international meat packing company and other private and public entities, SUEX was found to have 40% of its transactions involving illicit activity. The site has been blocked in the U.S. pending the investigation as the war on cybercriminals continues to ramp up. FIND OUT HOW THE US LINKED SUEX TO CYBERATTACKS
Housing market shows signs of rebounding in August There was good news on the home front Tuesday as the housing market yielded positive signs of recovery following a July drop-off. New building permits were up 6% in August as concerns over construction costs and the pandemic are appearing to abate. In another potential glimpse into the post-pandemic, the majority of the gains were made in multi-occupancy housing with five or more units. While permits for single-family homes was down 2.8% for the month, plans for apartment-style dwellings were through the roof. FIND OUT WHY ANALYSTS SAY HOUSING WILL KEEP RISING
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Markets
| DJIA | 33,919.84 | -0.15% |
| S&P 500 | 4,354.19 | -0.08% |
| Nasdaq Composite | 14,746.40 | 0.22% |
| Japan: Nikkei 225 | 29,665.42 | -0.58% |
| UK: FTSE 100 | 6,980.98 | 1.12% |
| Crude Oil Futures | 70.51 | 0.31% |
| Gold Futures | 1,778.30 | 0.01% |
| Yen | 109.42 | 0.18% |
| Euro | 1.17 | -0.01% | | * As of market close |
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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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Petito's death a homicide; Laundrie at large
The FBI confirmed what an intrigued nation already suspected Tuesday, confirming that the body found at Grand Teton National Park was Gabby Petito and officially ruling the 22-year-old YouTuber's death a homicide. Meanwhile, prime suspect Brian Laundrie continues to elude authorities. In a cross-country mystery that has gripped the nation, the focus now turns to capturing and questioning Laundrie about why he returned from the road trip without his fiance. Agents raided his parents' home and have been searching swampy areas of South Florida for the 23-year-old hiker. His family called off a press conference Tuesday, adding to the mystery. GET THE LATEST ON THE PETITO CASE AND AUTOPSY RESULTS
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Stick-or-treat? Kids may vax by Halloween
Most kids count down the days until Halloween with visions of candy bars dancing in their heads. This year could feature a more unusual treat for children 5 to 11 years of age -- a new child-approved COVID-19 vaccine. After Pfizer announced Monday that clinical trials showed its dose elicited a "robust" response in that age group and that the results of the child vaccine was similar to those in the 16-25 age group, Dr. Anthony Fauci chimed in that the vaccine could be available to kids before Oct. 31. The timing is critical as winter weather approaches and children head indoors, but the FDA and CDC will have the final say as they finish their reviews. SEE HOW THE NUMBER OF CHILD COVID CASES HAVE RISEN
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McDonald's Happy Meals losing plastic toys
Finally, McDonald's is making a Happy Meal for Mother Nature. Following a two-year campaign that saw a half-billion people sign a petition to drop plastic toys from the Happy Meal menu, McDonald's announced that it is phasing out the traditional trinkets for more sustainable playthings for kids. Mickey D's plans to phase out the virgin plastics by 2025, reducing the amount of fossil fuel-based plastics used to make the toys by 90%. Gone are action figures like Pokemon and Minions; coming soon are items like puzzles, quizzes and games made from recycled and bio-based materials. FIND OUT HOW TWO KIDS FORCED HAPPY MEALS TO CHANGE
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Dandy candy
COVID vaccines probably aren't at the top of most kids' trick-or-treating wish lists, but what candy is consistently rated the top Halloween favorite? Tuesday’s answer: America's oldest brewery is Yuengling in Pottsville, Pa. Founded in 1829, it is the only U.S. brewery to predate the prohibition era. 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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