Newsletter Nov 29, 2023

Quick Six

US sends first of three military flights carrying aid to Gaza
The United States on Tuesday sent the first of three military planes to Egypt to bring vital humanitarian aid for Gaza during a truce between Israel and Hamas. The relief flights carrying food, medical supplies and winter gear are the first by the US military since the conflict began with the October 7 attacks by Hamas on Israel. The flights start a day after President Joe Biden said he would use an extension of the truce to get more aid into Gaza, and as international efforts continue to further prolong the pause.
HOW THE US IS ASSURING AID ENDS UP IN RIGHT HANDS

Fed officials pleased with 'progress' but split over next steps
The Federal Reserve is making good progress in its fight against inflation, senior bank officials said Tuesday, while voicing differing opinions on the chances of another interest rate hike. The Fed recently voted to hold its key lending rate at a 22-year high, lifting expectations that it is done hiking interest rates as it seeks to bring inflation down firmly to its long-term target of two percent.
SEE THE FED'S CONTRASTING VIEWS ON THE NEXT STEPS

Black Friday, Cyber Monday shopping records fall once again
The number of people shopping during the Thanksgiving weekend, or the period from Thanksgiving through Cyber Monday, rose to a record 200.4 million, according to the National Retail Federation. The final result was 1.9% above last year's record of 196.7 million and surpassed NRF's own estimate of 182 million.
SEE THE RECORD-BREAKING SHOPPING FIGURES TO FALL

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Markets

DJIA	35,416.98	0.24%
S&P 500	4,554.89	0.10%
Nasdaq Composite	14,281.76	0.29%
Japan: Nikkei 225	33,352.31	-0.17%
UK: FTSE 100	7,455.24	-0.07%
Crude Oil Futures	76.56	0.20%
Gold Futures	2,048.10	0.40%
Yen	147.04	-0.29%
Euro	1.10	0.05%
* As of market close

Google opens first geothermal energy plant

Google began producing electricity from a state-of-the-art geothermal energy pilot plant in Northern Nevada on Tuesday. The project, which Google initially launched in 2021 alongside operator Fervo, has successfully harnessed geothermal energy without using a natural reservoir of geothermal fluids, a technological milestone poised to increase the total number of feasible geothermal energy projects around the world. Google and Fervo's pilot plant in Nevada has already led to plans for a second, larger geothermal facility in Utah.

WHY THESE PLANTS COULD REVOLUTIONIZE ENERGY USAGE

Nikki Haley gets endorsement from Kochs

Americans for Prosperity Action, a political network founded by conservative billionaire brothers David and Charles Koch, officially endorsed Nikki Haley for the U.S. presidential elections on Tuesday. AFP Action said its internal polling is showing that Haley can defeat Republican front-runner Donald Trump in the GOP primaries and beat Biden by 10 percentage points in the November 2024 general election.

WHY THE KOCH BROTHERS' ENDORSEMENT IS BIG FOR HALEY

Santos facing possible expulsion this week

Embattled Representative George Santos (R-N.Y.) is facing another attempt to expel him from the House of Representatives this week. Rep. Robert Garcia (D-Calif.) introduced Tuesday a new privileged resolution that could force the House to vote within the next two days on whether or not to expel Santos for fraud. Two-thirds of House representatives need to vote in favor of the expulsion for it to pass.

SEE SANTOS' LAST-DITCH EFFORT TO SAVE HIS HOUSE SEAT

Extra point

Who was the last member of the US House to be expelled? Why?

Tuesday's answer: Merriam-Webster Dictionary's first "word of the year" was "democracy" in 2003.

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