Newsletter Oct 12, 2021

As if their disjointed withdrawal from Afghanistan wasn't embarrassing enough, now the US and EU must hold post-war talks with the Taliban.

3 things you must know
  • US, EU representatives to meet face-to-face with the Taliban

    Just weeks after America and its European allies made a hasty retreat from Afghanistan, the U.S. and E.U. have agreed to hold face-to-face talks with representatives of the Taliban to discuss the future of the embattled Islamic country following the 20-year war.

    Among the items on the agenda are the release and safe transport of those eligible to leave the country, humanitarian assistance to provide relief to its citizens, and full diplomatic recognition of the Islamic militant group as the legitimate ruler of Afghanistan. The latter might be a hard sell if not for the poor manner of the retreat.

    SEE WHAT BOTH SIDES ARE SEEKING FROM THE MEETING

  • White House considering major crackdown on cryptocurrency

    One of the main attractions to cryptocurrency is the absence of regulatory control. That could change in the near future in the U.S. as the Biden administration plans to reign in crypto, particularly its role in recent ransomware attacks and other illegal activities.

    According to recent reports, a new unit under the Department of Justice is expected to appoint a "Crypto Czar" and a national crypto enforcement team to investigate the nefarious use of cryptocurrency in criminal activity, which could lead to regulation of the industry. It comes amid news that the SEC has approved Volt Bitcoin EFT

    FIND OUT WHAT THE MOVE WOULD MEAN FOR CRYPTO FANS

  • Rising oil prices reach seven-year high; stock market reacts

    Inflation, interest rates, unemployment -- all are major factors on the pace of the economic recovery from the COVID-19 pandemic. But there's another serious problem literally bubbling up from the ground -- oil prices. The current state of oil markets is cause for concern.

    West Texas Intermediate was trading oil for as much as $80.52 a barrel late Monday, its highest point since 2014. Wall Street reacted predictably to the fallout of OPEC's decision to limit exports, with the three major indices taking losses for the day amid fears of the future.

    SEE THE IMPACT $80 A BARREL OIL WILL HAVE ON THE US

Markets
DJIA 34,496.06 -0.72%
S&P 500 4,361.19 -0.69%
Nasdaq Composite 14,486.20 -0.64%
Japan: Nikkei 225 28,498.20 1.60%
UK: FTSE 100 7,146.85 0.72%
Crude Oil Futures 80.26 -0.32%
Gold Futures 1,754.30 -0.08%
Yen 113.36 0.02%
Euro 1.16 0.00%
* As of market close

Merck seeks approval for COVID pill in US

In what is being hailed as a major breakthrough in the fight against COVID-19, Merck's new oral medication for the treatment of the virus is on the verge of receiving emergency use authorization in the U.S. And a decision can't come soon enough for those still struggling with symptoms.

Although the oral medicine is not a replacement for vaccines, Merck says its studies show a 100% reduction in deaths and a 50% decrease in hospitalizations when it was tested on patients who had the virus. If the data meets the standard, the pills would be a lifesaver for sick patients and a welcome relief for hospital critical care units that are at capacity.

SEE WHAT THE DATA INDICATES ABOUT THE PILL'S EFFICACY 



Southwest comes clean on cancellations

Southwest Airlines' weekend from hell got even hotter Monday when it blamed weather problems for the cancellation of more than 1,000 flights. Once it became predictably apparent that other airlines flew in presumably the same conditions with only a faction of the issues, Southwest finally came clean by acknowledging that staffing shortages were also to blame.

Reports of employee protests against the airlines' vaccine mandate and other COVID-related policies began to raise red flags that there was more at work for the snafu that saw 1,124 flights canceled. Angry passengers were left stranded for days in some cases while Southwest tries to play damage control. There could be more cancellations in the days to come.

SEE HOW SOUTHWEST GOT CAUGHT UP IN ITS OWN 'TALE SPIN'


Halloween brews: 8 great pumpkin beers

Now that fall is falling and Halloween is less than three weeks away, the peak of pumpkin season is here. But for those who are already burned out on pumpkin-spiced everything from lattes to Spam (true story), we present eight refreshing pumpkin-flavored beers that are sure to hit the spot.

We're not talking about the big-brand breweries that mass produce the same swill in an orange can. These are top-shelf microbrews with unique flavors and creative names, like Shipyard Brewing's Smashed Pumpkin Ale, Elysian's Punkuccino, and New Belgium's Voodoo Ranger Atomic Pumpkin. 'Tis the season to try some new pumpkin brews.

CHECK OUT OUR LIST OF THE 8 BEST PUMPKIN BEERS THIS FALL


Pumpkin proud

Accounting for about 85% of the world's supply of canned pumpkin, what American town proudly proclaims itself the Pumpkin Capital of the World?

Friday's answer: McDonald's has served billions of Happy Meals since 1979, but the kids-meal concept started at a Mickey D's in Guatemala. 

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