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Tag: forestry

  • Pyrite fire erupts in Inland Empire, forcing evacuations near Jurupa Valley

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    A brush fire ignited Friday evening near Jurupa Valley, prompting evacuation orders in the nearby communities of Jurupa Hills and Sunnyslope.

    Dubbed the Pyrite fire, it was reported at 5:19 p.m. as a 15-acre vegetation fire burning in “light flashy fuels” near Pyrite Street and Granite Hills Drive, according to the California Department of Forestry and Fire Protection Riverside Unit.

    The blaze had grown to 200 acres by 8 p.m., leading authorities to expand evacuation warnings as hand crews and firefighting helicopters worked to combat the flames. A map of affected areas can be viewed here.

    An evacuation center has been set up at Jurupa Valley High School, 10551 Bellegrave Ave. An animal shelter is located at 6851 Van Buren Boulevard.

    Nearly 300 firefighting personnel were assigned to the incident, alongside 40 engines, two helicopters and two water tenders, according to Cal Fire.

    Throughout the evening, the fire burned toward the San Bernardino County border, where residents in the nearby city of Fontana could clearly see the flames burning from the hillside.

    Shawn Millerick, a spokesperson for the San Bernardino County Fire Protection District, urged Fontana residents not to panic as crews were making “really good progress” slowing the forward progression of the fire. So far no evacuation warnings or orders have been issued for the Fontana area.

    The Fontana Police Department said that Sierra Avenue will be closed from Jurupa Avenue to Armstrong Road to allow fire crews to access the burn zone.

    “At this time, Fontana residents are not impacted, but smoke may still be visible throughout the region,” the department said. “Stay alert and follow official updates for any changes.”

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    Clara Harter

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  • Nixon fire in southern Riverside County spreads rapidly, forcing evacuations

    Nixon fire in southern Riverside County spreads rapidly, forcing evacuations

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    The Nixon fire near Aguanga in southern Riverside County exploded in size after the vegetation fire ignited Monday afternoon, growing to almost 4,000 acres by Tuesday morning, according to the California Department of Forestry and Fire Protection.

    Photos and video from the scene showed some buildings destroyed by flames, but it wasn’t immediately clear how many were damaged and if they were homes. About 2,000 buildings were under evacuation orders and warnings, according to Tawny Castro, a spokesperson for Cal Fire’s Riverside County unit.

    Firefighters responded to calls around 12:30 p.m. Monday about the blaze near Richard Nixon Boulevard in Aguanga, not far from Palomar Mountain and Riverside County’s border with San Diego County.

    Within a few hours, the fire saw explosive growth, hitting 1,000 acres by 5 p.m. before almost tripling in size by 8 p.m., according to Cal Fire.

    It had swelled to 3,750 acres as of Monday morning with no containment. The cause of the fire remains under investigation.

    Further norther in Kern County, the Borel fire continued to expand in and around Sequoia National Forest, growing to 57,306 acres Tuesday morning, according to federal officials. It was 17% contained.

    The massive Park fire burning in Butte and Tehama counties, which has become the state’s fifth-largest wildfire in recorded history, continued to grow overnight, hitting 383,619 acres as of Tuesday morning, with 14% containment, according to Cal Fire.

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    Grace Toohey

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  • Wildfires across California spread as hot, gusty winds hit Monday

    Wildfires across California spread as hot, gusty winds hit Monday

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    Firefighters are battling a series of wildfires that broke out across California over the weekend amid early summer heat and dry, gusty winds.

    The National Weather Service warned that winds that carry “the potential for rapid fire spread” were forecast across large swaths of the state Monday morning, including the Antelope Valley and foothills, Santa Barbara County and Northern California’s wine country and Sacramento Valley.

    The largest fire in the state Monday morning was the Post fire in Los Angeles County, which has burned 14,625 acres and was 8% contained, Cal Fire said. More than 1,100 firefighters and half a dozen helicopters are battling the flames.

    The fire, along the 5 Freeway near Gorman, triggered evacuations for 1,200 people in the Hungry Valley Park and Pyramid Lake areas.

    The fire burned an auto repair shop, damaged another building and threatened other structures to the south and west of the I-5, authorities said. Los Angeles County Fire Department crews rapidly responded, making aerial assaults with air tankers and water-dropping helicopters.

    The Ventura County Fire Department and U.S. Forest Service were aiding in the effort. At one point Sunday, about 400 firefighters and 70 engines were at the scene, according to Cal Fire.

    At least 13 fires have started since Saturday in California and burned more than 20,000 acres, according to the California Department of Forestry and Fire Protection website.

    At the same time, areas from Redding down to Modesto are under a Red Flag warning until Tuesday morning due to a combination of summer heat, gusty winds, low humidity and unusually warm overnight temperatures.

    In the North Bay hills, areas hit by some of the state’s worst wildfires in recent memory, including Mt. St. Helena and Lake Berryessa, are under red flag warnings until Monday night.

    In Sonoma County, the Point fire has burned more than 1,000 acres and several structures south of Lake Sonoma. It was 15% contained Monday morning, according to the California Department of Forestry and Fire Protection. The fire started Sunday afternoon.

    A smaller fire in Lancaster, meanwhile, burned 300 acres and several outbuildings after starting before 4 p.m. Sunday.

    In Hesperia, more than 1,100 acres burned, prompting area road closures and an evacuation warning for the nearby Arrowhead Equestrian Estates. The fire began Saturday before 7 p.m.

    On Monday morning, a vegetation fire broke out in the Hollywood Hills just south of Runyon Canyon, the Los Angeles Fire Department said. Not far from homes and hidden in a difficult-to-access area, it took firefighters and a water-dropping helicopter more than an hour to put out the flames, despite it burning an only about 400 square feet, the department said in an alert.

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    Joseph Serna

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  • World’s best spicy foods: 20 dishes to try | CNN

    World’s best spicy foods: 20 dishes to try | CNN

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    CNN
     — 

    Some like it hot – and some like it hotter, still.

    When it comes to the world’s best spicy dishes, we have some of the world’s hottest peppers to thank, along with incredible layers of flavor and a long, spice-loving human history.

    “Spicy food, or at least spiced foods, clearly predates the idea of countries and their cuisine by a very, very long time,” says Indian author Saurav Dutt, who is writing a book about the spiciest foods on the Indian subcontinent.

    “Every spicy ingredient has a wild ancestor,” he says. “Ginger, horseradish, mustard, chiles and so on have predecessors which led to their domestication.”

    Hunter-gatherer groups historically made use of various wild ingredients to flavor their foods, Dutt says, and there are many ingredients all over the world that can lend a spicy taste to a dish or stand on their own.

    Peppers – a headliner for heat – are rated on the Scoville Heat Units scale, which measures capsaicin and other active components of chile peppers. By that measure, the Carolina Reaper is among the hottest in the world, while habaneros, Scotch bonnets and bird’s eye chiles drop down a few rungs on the mop-your-brow scale.

    Redolent with ghost peppers, Scotch bonnets, serranos, chiltepin peppers, mouth-numbing Sichuan peppercorns and more, the following spicy dishes from around the world bring the heat in the most delicious way.

    Ata rodo – Scotch bonnet pepper – brings the fire to Nigeria’s famous spicy soup. Egusi is made by pounding the seeds from the egusi melon, an indigenous West African fruit that’s related to the watermelon.

    In addition to being protein-packed, the melon’s seeds serve to thicken and add texture and flavor to the soup’s mix of meat, seafood and leafy vegetables. Pounded yams are often served alongside this dish, helping to temper the scorch of the Scotch bonnets.

    “The joy of this dish is not only the delightful warming ingredients of cinnamon, cloves, star anise and, of course, the Sichuan peppercorns, but the fact that you can cook exactly what you like in the bubbling spicy broth,” says British-born Chinese chef Kwoklyn Wan, author of “The Complete Chinese Takeout Cookbook.”

    Duck, seafood, chicken, pork, lamb and seasonal vegetables are all fair game for tossing into the pot to simmer in a mouth-numbing broth made with Sichuan peppercorns and dried Sichuan peppers for serious kick (the dipping sauce served on the side often has chile paste, too).

    Also known as Chongqing hot pot, the dish is said to have originated as a popular food among Yangtze River boatmen. It’s enjoyed by those who can handle its heat all over China, not to mention elsewhere around the world.

    Som tam, Thailand

    A green papaya salad with a fiery kick.

    From northeastern Thailand’s spice-loving Isaan province, this fresh and fiery salad is a staple dish at Thai restaurants around the world and is also popular in neighboring Laos.

    Som tam turns to green (unripe) papaya for its main ingredient, which is usually julienned or shredded for the salad. The papaya is then tossed with long beans or green beans and a mix of flavorful Asian essentials that include tamarind juice, dried shrimp, fish sauce and sugar cane paste, among other ingredients. Thai chiles, also called bird’s eye chiles, give the salad its requisite kick.

    Piri-piri chicken, Mozambique and Angola

    The Portuguese introduced this spicy dish also known as peri-peri chicken into Angola and Mozambique as far back as the 15th century, when they mixed African chiles with European ingredients (piri-piri means “pepper pepper” in Swahili). And it’s the perky red pepper of the same name that brings the spiciness to this complex, layered and delicious dish.

    Piri-piri chicken’s poultry cuts are marinated in chiles, olive oil, lemon, garlic and herbs such as basil and oregano for a fiery flavor that blends salty, sour and sweet. The dish is also popular in Namibia and South Africa, where it’s often found on the menu in Portuguese restaurants.

    The glossy red hues dancing on a plate of this popular pork dish, a version of which hails from Mao Zedong’s home province, give a hint about the mouth experience to come. The dish was apparently a favorite of the communist leader, who requested his chefs in Beijing prepare it for him.

    Chairman Mao’s braised pork belly – called Mao shi hong shao rou in China – is often served as the main dish for sharing at a family table and is made by braising chunks of pork belly with soy sauce, dried chiles and spices.

    “It is a very delicious and moreish dish due to the caramelized sugar and dark soy sauce being reduced and all the aromatics (that coat the pork belly),” wrote BBC “Best Home Cook” winner Suzie Lee, author of “Simply Chinese,” in an email to CNN Travel.

    Scotch bonnet peppers give jerk chicken its heat.

    Jamaica’s favorite pepper is the Scotch bonnet, beloved not just for its spiciness but for its aroma, colors and flavor, too, says Mark Harvey, content creator and podcaster at Two On An Island, who was born in Spanish Town, Jamaica.

    “For Jamaicans, the degree of spiciness starts at medium for children and goes up to purple hot,” he says, explaining that the peppers come in green, orange, red and purple hues, growing increasingly spicy in that order.

    Scotch bonnets star in several of the island’s iconic dishes, including escovitch fish, pepper pot soup and curry goat. But you might recognize them most from the ubiquitous jerk chicken and pork smoking roadside everywhere from Montego Bay to Boston Bay, where meat prepared with the peppery marinade is cooked the traditional way, atop coals from pimento tree wood (the tree’s allspice berries are also used in the jerk marinade).

    Popular on the Indonesian islands of Bali and Lombok, in particular, this whole chicken dish is stuffed with an intensely aromatic spice paste (betutu) that usually includes a mashup of fresh hot chile peppers, galangal (a root related to ginger), candlenuts, shallots, garlic, turmeric and shrimp paste, among other ingredients.

    The chicken is then wrapped in banana leaves and steamed, bringing the aromatics out all the more and flavoring the chicken to the max. Best shared, ayam betutu is often presented at religious ceremonies in Bali, but you’ll find it at restaurants specializing in it throughout the islands, too.

    Spicy wings are an American sports bar staple.

    Beer and buffalo chicken wings are as American as, well, hamburgers. And if you’re not eating them alongside a pile of celery sticks and a ramekin of dunking sauce – traditionally blue cheese dip, but ranch works, too – you’re missing half the picture.

    A sports bar staple at chain restaurants such as Buffalo Wild Wings and more refined outposts, too, from Alaska to Maine, “wings” are actually made up of the wing parts called drumettes and wingettes, which have the most meat.

    Buffalo wings, said to have been invented in a bar in Buffalo, New York, in 1964, are among the spiciest preparations (other popular variations include teriyaki wings and honey garlic wings). Make them as fiery as you like using a sauce that includes cayenne pepper, butter, vinegar, garlic powder and Worcestershire sauce.

    A relative of ceviche, this Mexican dish traditionally gets its fire from chiltepín peppers.

    Similar to ceviche but with more bite, this raw marinated shrimp dish from the western Mexican state of Sinaloa (and a staple along the Baja Peninsula, too) tastes as good as it looks.

    Tiny but mighty chiltepín peppers (they look like bright little berries), grown throughout the United States and Mexico, make the spicy magic happen in shrimp aguachiles, which means “pepper water.” If you can’t find those, serrano and jalapeño peppers also do the trick.

    Marinate the raw shrimp with ingredients including lime juice, cilantro, red onion and cucumber and enjoy with crispy tostadas.

    Pad ka prao, Thailand

    A go-to dish when you want something satisfying – but with kick – pad ka prao is a mealtime staple in Thailand, where you’ll find it on offer at street-side stalls and restaurants everywhere from Bangkok to the islands.

    Considered the Thai equivalent of a sandwich or a burger, the dish is a mix of ground pork, spicy Thai chile peppers and holy basil and can be ordered as spicy as you like. Many locals believe it’s best topped with a fried egg with a runny yolk.

    Beef rendang, Indonesia and Malaysia

    A fiery favorite that originated in West Sumatra, versions of beef rendang are also enjoyed in Indonesia’s neighboring countries, including Malaysia and Brunei, as well as the Philippines.

    This flavorful dry curry dish calls on kaffir lime leaves, coconut milk, star anise and red chile, among other spices, to deliver its complexity. It’s often presented to guests and served during festive events.

    The fermented cabbage dish kimchi might be the spicy Korean dish that first comes to mind, but when you want some extra kick, dakdoritang does the trick.

    Comfort food to the max, the chicken stew doubles down on its spiciness with liberal doses of gochugaru (Korean chile powder) and gochujang (Korean chile paste) mixed with rice wine, soy sauce, garlic, ginger and sesame oil in a braising sauce that packs the bone-in chicken pieces with flavor. It’s often served with carrots, onions and potatoes.

    Phaal Curry, Birmingham, England (via Bangladesh)

    This tomato-based British-Asian curry invented in Birmingham, England, curry houses by British Bangladeshi restaurateurs is thought to be one of the spiciest curries in the world.

    “Typically the sauce has a tomato base with ginger, fennel seeds and copious amounts of chile, habanero or Scotch bonnet, peppers,” says Indian author Saurav Dutt.

    As many as 10 pepper types may find their way into phaal curry, he says, including bird’s eye chiles and the bhut jolokia (also known as the ghost pepper, it’s one of the world’s hottest peppers). Even hotter than vindaloo, this dish will absolutely light your mouth up.

    This classic Roman pasta dish’s name gives you an idea of what to expect. “Arrabbiata” means “angry” in Italian. And penne all’arrabbiata pairs the relatively plain penne pasta with fiery flavors from the sauce (sugo all’arrabbiata) in which it’s slathered.

    “The peperoncino (red chile pepper) is what makes this sauce ‘angry’ (arrabbiata) or spicy,” Chris MacLean of Italy-based Open Tuesday Wines said via email.

    To tame the angry peppers in this garlic and tomato-based dish with a good glass of red wine, MacLean says to pair penne all’arrabbiata with a Cesanese, also from Rome’s Lazio region, with its crisp fruit and light tannins.

    “A wine that’s heavy in oak or alcohol would turn up the heat (in the dish) in your mouth and render the wine tasteless,” he warns.

    Chicken is simmered with roasted spices and coconut in this flavorful dish.

    “There’s a saying in South India that you are lucky to ‘eat like a Chettiar,’ ” says Dutt, referring to the Tamil-speaking community in India’s southern Tamil Nadu state credited with creating this spicy dish.

    “Like this chicken dish, the traditional Chettinad dishes mostly used locally sourced spices like star anise, pepper, kalpasi (stone flower) and marati mokku (dried flower pods),” he says.

    The chicken pieces are simmered in a medley of roasted spices and coconut, and it is traditionally served with steamed rice or the thin South Indian pancakes called dosa, fried chapati or naan.

    This Ethiopian dish leans on the fiery berbere spice blend.

    The fiery Ethiopian spice blend called berbere – aromatic with chile peppers, basil, cardamom, garlic and ginger – is instrumental to the flavor chorus that’s doro wat, Ethiopia’s much-loved spicy chicken stew.

    Topped with boiled eggs, the dish almost always finds a place at the table during weddings, religious holidays and other special occasions and family gatherings. If you’re invited to try it in Ethiopia at such an event, consider yourself very lucky indeed.

    Mouth-numbing Sichuan peppercorns bring the X-factor to this popular dish from China’s Sichuan province, which mixes chunks of silken tofu with ground meat (pork or beef) and a spicy fermented bean paste called doubanjiang.

    Mapo tofu’s fiery red color might as well be a warning to the uninitiated – Sichuan cuisine’s defining flavor, málà, has a numbing effect on the mouth called paresthesia that people tend to love or hate.

    A Portuguese-influenced dish from India’s southwestern state of Goa, vindaloo was not originally meant to be spicy, says Dutt. “It originally contained pork, potatoes (aloo) and vinegar (vin), giving you the name,” he says.

    But when the dish was exported to curry houses in the United Kingdom that were mostly run by Muslim Bangladeshi chefs, Dutt says, pork was replaced with beef, chicken or lamb and the dish evolved into a spicier hot curry.

    Ghost pepper flakes and Scotch bonnet peppers are among the peppers giving the dish its scorching taste. But in Goa, you can still find versions of the dish that swing more on the side of milder spices such as cinnamon and cardamom.

    Senegalese cooks are also big fans of Scotch bonnet peppers, named for their resemblance to the Scottish tam o’ shanter hat. And their spice-giving goodness is deployed liberally in one of the West African country’s favorite dishes, the spicy tomato and peanut or groundnut-based stew called mafé.

    Usually made with beef, lamb or chicken, the stew is made even heartier with potatoes, carrots and other root vegetables for one filling feed. Mafé is popular in other West African countries, too, including Mali and Gambia, and it can also be prepared without meat.

    Synonymous with watching the Super Bowl or hunkering down on a cold night, chili is a spicy American staple where you can opt to ratchet up the heat as much as you like.

    There are basically two pure forms of American chili – with or without beans (usually red kidney beans) – says Chef Julian Gonzalez of Sawmill Market in Albuquerque, New Mexico. In Texas, he explains, chili traditionally doesn’t have beans, which puts the focus on the spices and chiles used to flavor it, and he goes with that approach himself.

    “Traditionally chili is seasoned with chili powder, cumin and paprika,” Gonzalez says. From there, you can use other ingredients to make your recipe unique. Adding cayenne pepper is one way to turn up the heat.

    At his restaurant Red & Green, which serves New Mexican cuisine, Gonzalez’s green chile stew, made with pork and no beans, is seasoned with a mix of roasted green New Mexican hatch chiles (half mild and half with heat), onion and garlic powder.

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  • Orange-juice futures suffer their biggest weekly decline in over 6 years after hitting record

    Orange-juice futures suffer their biggest weekly decline in over 6 years after hitting record

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    Orange-juice futures posted a drop of nearly 11% for the week on Friday, the largest such percentage decline since late March 2017, just days after settling at their highest price on record.

    “The weather is good and the hurricane season is almost over,” Jack Scoville, vice president of The Price Futures Group and author of the Grains and Softs Report, told MarketWatch on Friday. 

    The Atlantic hurricane season runs from June 1 through Nov. 30. It can impact crops in the region, and Florida is among the top orange growing states. The season started off strongly but was relatively quiet in October.

    The speculators in the market tried to take profits and “found out that there was no buying interest under the market, so it went down hard,” said Scoville. 

    The most-active January contract for frozen concentrated orange juice posted a weekly loss of 10.6% on Friday, the worst weekly performance since the week ended March 31, 2017, according to Dow Jones Market Data. It settled Friday at $3.4925 a pound on the ICE Futures U.S. exchange, down 1.4%, for the session, after dropping 5.2% Thursday.

    The big mover among the futures contracts is November, said Darin Newsom, Barchart senior market analyst.

    That contract was down around 14% from this past Tuesday’s high of $4.3195, he said. The first notice day, the day buyers of futures contracts receive a notice that a seller intends to make delivery of a commodity, was Nov. 1, he said.

    Given that, anyone holding long futures who didn’t want to take delivery had to get out of their position — leading to a sharp selloff, Newsom explained. The January contract saw some “spillover selling” from the November contracts.

    Prices for frozen orange juice had marked a record high settlement of $4.008 a pound on Oct. 30. They trade a whopping 71% higher year to date, on track for the best year since 2009.

    It’s “hard to buy when a market goes to new all-time highs,” said Newsom.

    Key reasons for the rally are post-COVID demand for vitamin C, and the worst Florida citrus crop since the 1920s, due to a disease called citrus greening, said James Roemer, publisher of WeatherWealth newsletter.

    However, the lack of Florida hurricanes this fall and a potentially large 2024 orange crop in Brazil, the world’s largest producer, are “potentially bearish longer term,” he said.

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  • House speaker election: Jim Jordan racks up endorsements before vote at noon Tuesday

    House speaker election: Jim Jordan racks up endorsements before vote at noon Tuesday

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    Rep. Jim Jordan made progress Monday in his push to become the next speaker of the House of Representatives, winning endorsements from some fellow Republicans who just last week had refused to back him.

    The narrowly divided chamber of Congress is expected to vote around noon Eastern Tuesday to select a speaker, with the move coming after former Speaker Kevin McCarthy was ousted two weeks ago and after No. 2 House Republican Steve Scalise ended his bid for the post last week.

    GOP Rep. Ann Wagner of Missouri, who previously said a Jordan speakership was a non-starter for her, switched her stance on Monday. She said in a post on X that her colleague from Ohio “has allayed my concerns about keeping the government open with conservative funding, the need for strong border security, our need for consistent international support in times of war and unrest … as well as the need for stronger protections against the scourge of human trafficking and child exploitation.”

    Similarly, GOP Rep. Mike Rogers of Alabama, who chairs the House Armed Services Committee, announced in a post on X that he was backing Jordan after saying last week that there was nothing that Jordan could do to win his support. Rogers pointed to an accord on an annual Pentagon bill, the National Defense Authorization Act, saying he and Jordan had “agreed on the need for Congress to pass a strong NDAA, appropriations to fund our government’s vital functions, and other important legislation like the Farm Bill.”

    Republican Rep. Vern Buchanan of Florida offered his support for Jordan as well on Monday, though he noted that he’s “deeply frustrated by the way this process has played out.” Another endorsement came from GOP Rep. Ken Calvert of California, who chairs the House Appropriations Committee’s defense subpanel.

    Jordan — who has been endorsed by former President Donald Trumpsent a letter to his colleagues in which he called for coming together after a chaotic two weeks, saying: “It is time we unite to get back to work on behalf of the American people.” The congressman, a co-founder of the hardline House Freedom Caucus and chairman of the House Judiciary Committee, also told CNN that he was confident about Tuesday’s vote, saying: “I feel good about it.”

    Analysts have been warning that the process of finding a replacement for McCarthy is preventing the House from addressing crucial matters, such as avoiding a government shutdown next month and supporting Israel in its war against Hamas.

    House Republicans made Jordan their nominee for speaker on Friday, but he drew just 124 votes while 81 lawmakers backed another candidate for speaker, GOP Rep. Austin Scott of Georgia. In another round of voting on Friday, Jordan still had 55 colleagues voting against him, but he now appears to be flipping some of them to his side.

    One betting market, Smarkets, was giving Jordan a 33% chance of becoming speaker. 

    Spending cuts and shutdown coming?

    Having Jordan as speaker could mean a 1% cut in defense
    ITA
    and non-defense spending, noted Philip Wallach, senior fellow at the American Enterprise Institute, a conservative think tank. That’s because this year’s debt-limit deal includes a provision that calls for such reductions if there aren’t bipartisan agreements on a dozen funding bills before Jan. 1 and instead a reliance on short-term measures known as continuing resolutions, or CRs.

    “It is now clear,” Wallach said during an AEI event on Monday, that Jordan’s “plan is to have us live off continuing resolutions and implement this 1% cut.”

    “That’s a concrete thing where he could say, ‘Well, we’re moving in the right direction. We’ve taken a hard stand,’” the AEI expert added.

    The CEO of one financial advisory firm also sees standoffs in the future.

    “We expect the next U.S. speaker will be less inclined to make deals than McCarthy; in many ways it makes more sense for them, politically, not to be a deal-maker in the current environment,” said deVere Group’s Nigel Green in a statement.

    “We believe that a U.S. government shutdown is now more likely with a new speaker of the House, and this has the potential to create a domino effect in global financial markets
    SPX.

    BTIG analysts Isaac Boltansky and Isabel Bandoroff said the speaker drama suggests that next year’s election will also be full of twists and turns.

    “We have followed every twist and turn of the speakership race, and there is only one takeaway we can share with absolute certainty: This confirms that the 2024 election cycle will be exhausting, volatile, and just downright weird from beginning to end,” they wrote in a note.

    U.S. stocks
    DJIA

    COMP
    closed higher Monday, as investors looked ahead to earnings season and unwound the flight-to-safety trades seen last week on fears the Israel-Hamas war could escalate into a wider conflict.

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  • Government shutdown averted for now as Congress approves 45-day funding bridge

    Government shutdown averted for now as Congress approves 45-day funding bridge

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    The U.S. Senate on Saturday night, with mere hours left before a midnight deadline for a federal government shutdown, voted to advance a short-term stopgap funding measure.

    The 45-day continuing resolution, which funds the government at existing 2023 levels, includes disaster relief funds but no Ukraine aid. A debate over continued help for Ukraine after Russia’s illegal invasion is what pushed the Senate vote so close to the deadline. The Senate approved the temporary funding by a vote of 88 to 9, exceeding the necessary 60 votes.

    Earlier Saturday, House Speaker Kevin McCarthy, the California Republican, pushed the 45-day funding bill through his chamber. But he may have put his future leadership role again in jeopardy as his far-right flank had spoken out against a short-term solution to avoid the shutdown.

    Politico, writing Saturday, had suggested that the bipartisan nature of the House’s passage, by a 335-91 vote, made Senate approval more likely, a last-minute shift that surprised much of Washington’s Capitol Hill watchers.

    Saturday’s passage in the Senate ended a weeks-long House debate over government funding that appeared to be headed toward a shutdown. The Senate eventually dropped its own stopgap bill to pass the House version that was introduced only Saturday morning.

    House Republicans had joined with Democrats Friday night to defeat another stopgap version proposed by McCarthy that would have slashed spending and imposed stricter new immigration controls.

    Still, enough of a two-party alliance was found Saturday to keep the government open for now.

    “We’re going to do our job,” McCarthy said earlier Saturday. “We’re going to be adults in the room. And we’re going to keep government open.”

    The House is now scheduled to work the first two weeks of October and will take votes between Oct. 2-5 and again Oct. 10-13 as they work on long-term appropriations bills. It had been scheduled time off.

    The House approach did leave out the Biden administration’s fresh ask for more aid to Ukraine. It does include disaster relief, the extension of a federal flood insurance program that had implications for real estate closings and it granted vital FAA reauthorization.

    “Knowing what transpired through the summer — the disasters in Florida, the horrendous fire in Hawaii and also disasters in California and Vermont — we will put the supplemental portion that the president asks for in disaster there, too,” McCarthy said after a closed-door Republican meeting earlier Saturday.

    Sen. J.D. Vance, the Republican of Ohio, told the Washington Post Saturday night after the vote that a fight over aid to Ukraine is still looming. “My sense is my colleagues in the House are much more skeptical of limitless Ukraine funding than my colleagues in the Senate,” Vance told the publication. “And what that means is any Ukraine funding package is going to be dead on arrival in the House.”

    Rep. Matt Gaetz, the Republican of Florida, who has led a charge against the speaker, had vowed to force a vote on removing McCarthy if a “clean” short-term funding measure came to the floor. He indicated on Saturday, according to Politico, that he would need to consult with his allies about the status of a forced ouster vote if the bridge funding moved forward.

    A more permanent funding solution is needed to keep everything from the Social Security COLA boost to national parks, passport issuance and food aid safe. Stock markets
    SPX,
    which have risen during recent short-lived government closures, were mindful that this latest shutdown could impede the Federal Reserve’s efforts to fight inflation with its interest-rate lever. What’s more, without a deal in place, federal workers will face furloughs and more than 2 million active-duty and reserve military troops will work without pay.

    Read: U.S. government shutdown: Here’s how it could affect you, from food aid to getting your passport

    Opinion: Government shutdown looms: Here’s how to help preserve your investment portfolio.  

    The Associated Press contributed.

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  • How El Niño will impact this winter: a warmer north, wetter Florida, good skiing

    How El Niño will impact this winter: a warmer north, wetter Florida, good skiing

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    Much of the northern half of the U.S. could see a milder winter in coming months thanks to a combination of the latest El Niño and ongoing patterns of above-average heat owed to human-made climate change.

    That’s especially true of forecasts for Maine and parts of Washington and Oregon.

    The recurring weather phenomenon known as El Niño could mean greater rain amounts in Florida’s typical wet season, and still doesn’t preclude a freeze that could put citrus crops at risk. The western Carolinas, too, could see greater-than-usual snow.

    The latest predictions from the National Oceanic and Atmospheric Administration could mean short-term relief for Americans who struggled through summer’s heat extremes, but also pose a downside for retailers banking on a flurry of winter-clothing and supplies purchases. The added precipitation, however, points to plenty of snowpack for skiing and snowboarding at popular sites.

    According to NOAA’s models, there is a 95% chance El Niño continues through the winter. Generally, whenever there is an El Niño pattern in place, the Northern U.S. has warmer winters, NOAA said. 


    NOAA

    Meanwhile, across the South and for much of the Atlantic coast into southern New England, the forecast calls for greater chances of a wetter-than-normal winter, said NOAA’s Climate Prediction Center.

    Parts of the Northwest, Mountain West and Great Lakes could see greater chances of below-normal precipitation and while a less-snowy winter can mean safer travel, it can hurt the precipitation build relied upon for a healthy crop-growing season later in 2024.

    What’s an El Niño and what does it mean for climate change?

    Because an El Niño, packing the opposite effect of a cooling La Niña, happens every few years, people often wonder what the relationship is between these weather events and long-running atmospheric warming known as climate change.

    “Climate change will likely strengthen any ‘normal’ El Niño effects,” Dr. Stefan Schnitzer, professor of biological sciences Marquette University, told MarketWatch. “The increased global temperatures will add to the El Niño event, especially where rainfall increases.”

    Human-made climate change — caused by the greenhouse gas emissions put off by burning coal, oil
    CL00,
    -0.02%

     and gas and blamed for accelerating historical climates shifts — has been warming the Earth’s temperature.

    An El Niño is the somewhat regular pattern in the tropical Pacific that brings warmer-than-average sea-surface temperatures and influences weather. It emerged earlier-than-expected in 2023. 

    NOAA in earlier reporting said that the continental U.S. had its ninth-warmest August on record. It also was the 15th-warmest summer on record for the continental U.S. alone. Globally, August 2023 was the hottest on record. Through August, 2023 has been the second-warmest year on record across the world, NOAA said. 

    Don’t miss: It’s official: This summer was the hottest on record

    “Not only was last month the warmest August on record by quite a lot, it was also the globe’s 45th-consecutive August and the 534th-consecutive month with temperatures above the 20th-century average,” said Dr. Sarah Kapnick, NOAA’s chief scientist.

    “Global marine heat waves and a growing El Niño are driving additional warming this year, but as long as emissions continue driving a steady march of background warming, we expect further records to be broken in the years to come,” she said.

    Read: Already roasting in extreme heat? 2024 could be even hotter, NASA scientists warn.

    What about El Niño and winter weather in the U.S. South and Midwest?

    El Niño tends to bring wetter conditions to the Southeast. Florida, in particular, experiences higher-than-average rainfall during El Niño winters. This can lead to localized flooding, especially in low-lying areas and regions prone to heavy downpours.

    According to the National Weather Service in Tallahassee, Central Florida averages between 8 to 10 inches of rainfall during a typical winter. But during El Niño winters, that rainfall total rises to between 10 and 13 inches.

    As for other parts of the South, El Niño typically means more precipitation, which in mountain areas, can mean snow.

    Because the jet stream is displaced farther south, El Niño brings frequent storms across these areas, leading to above-average precipitation and below-average temperatures. This combination typically means more snow in Western North Carolina. In fact, some of the biggest seasonal snow totals have come during El Niño winters. Most notably, in the winter of 1968-69, more than 48 inches of snow fell in Asheville, N.C. And more recently, the winter of 2009-10 was unusually snowy with a whopping 39 inches accumulating.

    In the Midwest, El Niño normally results in warmer and drier winters, meaning less snow.

    “During an El Niño winter, the polar jet stream shifts northward, reducing the extremely low temperatures that normally swing down into the Midwest, including Wisconsin, Illinois, Michigan, and so on,” said Marquette’s Schnitzer.

    Schnitzer reminds that weather variability is always unpredictable. Forecasts use models and historical patterns to try to offer an educated guess about the coming months.

    “Occasionally we can get very cold temperatures and snow during an El Niño. It depends on what other weather systems blow through the area,” he said.


    NOAA

     

    What is El Niño’s impact on skiing and snowboarding?

    Of course the amount of precipitation can impact how much snowfall is expected at higher elevations and what kind of season major skiing and snowboarding destinations can expect.

    During the early parts of the winter season, through the rest of 2023, data suggests a normal- to drier-than-normal period for most of the western U.S. As for the eastern U.S., predictions look wetter than normal, says meteorologist Chris Tomer, in an outlook for the On the Snow website, with a prediction closely aligning with other experts looking at NOAA’s data.


    Chris Tomer/On the Snow

    By January, says Tomer, the bulk of the El Niño-driven snowfall typically occurs across parts of the West with a strong subtropical jet. 

    “The pattern suggests a higher likelihood of atmospheric river (AR) events. In the Northeast, normal- to above-normal snowfall appears possible. Be warned, though. “The pattern suggests that NorEaster storm systems are more likely,” Tomer said.

    To him, that means New England ski areas could see a particularly advantageous snowy winter, which would be a welcome snapback from last season’s winter on the East Coast.

    Many Colorado ski areas, including Summit County resorts, Loveland, Telluride and Arapahoe Basin, also stand to be among the biggest snow “winners,” says Tomer. He’s also upbeat for accumulation for New Mexico ski areas and California ski areas in the Sierras.

    “El Niño historically doesn’t favor any particular outcome for Wasatch, Aspen Snowmass and Vail [in Colorado],” he added. “However, if the Modoki contribution [when the warming is generated in a different part of the Pacific Ocean] to this El Niño increases, then all of these resorts could tilt a little higher to 105% to 110% of normal winter snowfall.”

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  • Government shutdown averted for now as Congress approves 45-day funding bridge

    Government shutdown averted for now as Congress approves 45-day funding bridge

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    The U.S. Senate on Saturday night, with mere hours left before a midnight deadline for a federal government shutdown, voted to advance a short-term stopgap funding measure.

    The 45-day continuing resolution, which funds the government at existing 2023 levels, includes disaster relief funds but no Ukraine aid. A debate over continued help for Ukraine after Russia’s illegal invasion is what pushed the Senate vote so close to the deadline. The Senate approved the temporary funding by a vote of 88 to 9, exceeding the necessary 60 votes.

    Earlier Saturday, House Speaker Kevin McCarthy, the California Republican, pushed the 45-day funding bill through his chamber. But he may have put his future leadership role again in jeopardy as his far-right flank had spoken out against a short-term solution to avoid the shutdown.

    Politico, writing Saturday, had suggested that the bipartisan nature of the House’s passage, by a 335-91 vote, made Senate approval more likely, a last-minute shift that surprised much of Washington’s Capitol Hill watchers.

    Saturday’s passage in the Senate ended a weeks-long House debate over government funding that appeared to be headed toward a shutdown. The Senate eventually dropped its own stopgap bill to pass the House version that was introduced only Saturday morning.

    House Republicans had joined with Democrats Friday night to defeat another stopgap version proposed by McCarthy that would have slashed spending and imposed stricter new immigration controls.

    Still, enough of a two-party alliance was found Saturday to keep the government open for now.

    “We’re going to do our job,” McCarthy said earlier Saturday. “We’re going to be adults in the room. And we’re going to keep government open.”

    The House is now scheduled to work the first two weeks of October and will take votes between Oct. 2-5 and again Oct. 10-13 as they work on long-term appropriations bills. It had been scheduled time off.

    The House approach did leave out the Biden administration’s fresh ask for more aid to Ukraine. It does include disaster relief, the extension of a federal flood insurance program that had implications for real estate closings and it granted vital FAA reauthorization.

    “Knowing what transpired through the summer — the disasters in Florida, the horrendous fire in Hawaii and also disasters in California and Vermont — we will put the supplemental portion that the president asks for in disaster there, too,” McCarthy said after a closed-door Republican meeting earlier Saturday.

    Sen. J.D. Vance, the Republican of Ohio, told the Washington Post Saturday night after the vote that a fight over aid to Ukraine is still looming. “My sense is my colleagues in the House are much more skeptical of limitless Ukraine funding than my colleagues in the Senate,” Vance told the publication. “And what that means is any Ukraine funding package is going to be dead on arrival in the House.”

    Rep. Matt Gaetz, the Republican of Florida, who has led a charge against the speaker, had vowed to force a vote on removing McCarthy if a “clean” short-term funding measure came to the floor. He indicated on Saturday, according to Politico, that he would need to consult with his allies about the status of a forced ouster vote if the bridge funding moved forward.

    A more permanent funding solution is needed to keep everything from the Social Security COLA boost to national parks, passport issuance and food aid safe. Stock markets
    SPX,
    which have risen during recent short-lived government closures, were mindful that this latest shutdown could impede the Federal Reserve’s efforts to fight inflation with its interest-rate lever. What’s more, without a deal in place, federal workers will face furloughs and more than 2 million active-duty and reserve military troops will work without pay.

    Read: U.S. government shutdown: Here’s how it could affect you, from food aid to getting your passport

    Opinion: Government shutdown looms: Here’s how to help preserve your investment portfolio.  

    The Associated Press contributed.

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  • Embattled Speaker McCarthy tries new 45-day funding tactic to avoid government shutdown

    Embattled Speaker McCarthy tries new 45-day funding tactic to avoid government shutdown

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    House Speaker Kevin McCarthy, with mere hours left before a federal government shutdown, tried a new tactic Saturday.

    McCarthy, the California Republican, will now try to push a 45-day funding bill through the House, but will need votes from Democrats for success.

    That alliance could keep government open but puts a continued speakership role for McCarthy again at risk.

    Republican lawmakers met behind closed doors Saturday morning. As written now, the proposed House action would fund the government at current 2023 levels for 45 days and provide money for U.S. disaster relief.

    “Knowing what transpired through the summer — the disasters in Florida, the horrendous fire in Hawaii and also disasters in California and Vermont — we will put the supplemental portion that the president asks for in disaster there, too,” McCarthy said after the meeting.

    The new approach would leave out the Biden administration’s fresh ask for more aid to Ukraine.

    “We’re going to do our job,” McCarthy said Saturday. “We’re going to be adults in the room. And we’re going to keep government open.”

    An expiring midnight deadline to fund the government puts everything from the Social Security COLA boost to national parks, passport issuance and food aid at risk. Stock markets
    SPX,
    which have risen during recent short-lived government closures, were mindful that this shutdown could impede the Federal Reserve’s efforts to fight inflation with its interest-rate lever.

    What’s more, without a deal in place by Sunday, federal workers will face furloughs and more than 2 million active-duty and reserve military troops will work without pay.

    Read: U.S. government shutdown: Here’s how it could affect you, from food aid to getting your passport

    Opinion: Government shutdown looms: Here’s how to help preserve your investment portfolio.  

    The House was preparing for a quick vote Saturday on the plan, but Democrats tapped the brakes, seeking time so they could read the 71-page offering. Across the Capitol, the Senate was opening a rare weekend session and hoping to advance its own stopgap plan.

    McCarthy will have to rely on Democrats for passage of the 45-day plan because the House’s hard-right flank has said it will oppose any short-term measure.

    McCarthy was setting up a process for voting that will require a two-thirds supermajority, which works out to about 290 votes in the 435-member House for passage. Republicans hold a 221-212 majority, with two vacancies.

    The Associated Press contributed.

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  • Here’s how the Republican presidential candidates say they’ll whip inflation

    Here’s how the Republican presidential candidates say they’ll whip inflation

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    Inflation remains a top concern among Americans, so what do the Republicans seeking President Joe Biden’s job say they’ll do about it?

    MarketWatch asked the 2024 GOP White House hopefuls to give at least three ways that they would address the elevated prices that have blown up many household budgets.

    Most campaigns provided responses, while some didn’t but have offered proposals in other venues. See what they’re all planning below.

    The economy is the No. 1 issue for Republican voters, according to a recent Wall Street Journal poll, which found 36% citing the economy generally and an additional 10% citing inflation.

    MarketWatch contacted the eight contenders who took part in their primary’s first debate, along with former President Donald Trump, who skipped the debate, and two relatively well-known contenders who failed to qualify for the first debate, Larry Elder and former Congressman Will Hurd. They are listed below in order of their ranking in the latest polls, based on a RealClearPolitics moving average.

    Inflation was low when Trump became president, with prices rising less than 2% a year. That was even considered a problem before the COVID-19 pandemic, with inflation often characterized as stubbornly or persistently low. Inflation began to spike in 2021, shortly after Biden took office, due to a global shortage of goods and a huge rebound in consumer demand following the pandemic’s early stages. Economists say massive stimulus by both the Trump and Biden administrations as well as low interest rates fostered by the Federal Reserve helped to push inflation to a 40-year high.

    Biden has stressed that inflation, as measured by the consumer-price index, has “fallen by around two-thirds,” and he and his team have talked up their efforts to lower costs for prescription drugs and insulin, to crack down on junk fees for a range of services, and to use the Strategic Petroleum Reserve to lower gasoline prices. Biden’s re-election campaign didn’t respond to MarketWatch’s request for comment.

    Donald Trump

    “I would get inflation down,” Trump said in a recent interview with NBC’s “Meet the Press,” while saying that “we did a great job with inflation.” His campaign pointed MarketWatch to a number of policy proposals in which Trump himself is quoted.

    Former President Donald Trump walks over to speak with reporters before departing from Atlanta’s airport last month.


    AP

    • The former president says he’ll rein in what he calls Biden’s “wasteful spending,” which Trump says is key to stopping inflation. Trump is proposing to use what’s known as impoundment authority to reduce federal spending. That term refers to the ability of a president to withhold congressionally appropriated funds from their intended use, according to the Committee for a Responsible Federal Budget.

    • Trump also calls for boosting energy output. “When I’m back in the White House, I will immediately unleash energy production, slash regulations, like I did just three years ago, and repeal Biden’s tax hikes to get inflation down as fast as possible, and it will go quickly, so that interest rates can get back under control,” Trump says on his campaign website. “I would get inflation down, because drill we must,” he told “Meet the Press.”

    • A Trump spokesman did not respond when asked for specifics about which Biden-approved tax increases Trump would repeal. The former president and his advisers, meanwhile, have reportedly discussed deeper cuts to both individual and corporate rates that would build on the 2017 Tax Cuts and Jobs Act.

    Ron DeSantis

    Florida Gov. Ron DeSantis, says a spokesman, “will reduce inflation by, among other measures, tackling government spending, unleashing domestic energy and removing burdensome Biden administration regulations.”

    Florida Gov. Ron DeSantis speaks in July during a press conference in West Columbia, S.C.


    AP Photo/Sean Rayford

    • In his economic plan, DeSantis leans heavily into energy policy for addressing inflation. “DeSantis will unleash our domestic energy sector, modernize and protect our grid and advance American energy independence. This will not only increase our economic and national security while reducing inflation, [but] it will also help fuel a manufacturing renaissance that will create jobs, revitalize our communities and improve our standard of living,” says his plan.

    • He told “CBS Evening News with Norah O’Donnell” that, as president, he would “stop spending so much money. We need a president that’s going to be a force for spending restraint, because that’s one of the root causes, with Congress spending so much.” He criticized both Democrats and Republicans for government spending.

    Vivek Ramaswamy

    Republican presidential candidate Vivek Ramaswamy speaks in April at an event in Iowa.


    AP

    “This isn’t complicated,” entrepreneur and author Vivek Ramaswamy said in a recent post on X. “Fight inflation, unleash growth by taking the handcuffs [off] the U.S. energy sector & dismantling the regulatory state.” His campaign didn’t respond to MarketWatch’s request for comment, but his campaign website offers the following proposals:

    • “Drill, frack & burn coal : abandon the climate cult & unshackle nuclear energy.”

    • “Launch deregulatory ‘Reagan 2.0’ revolution: cut > 75% headcount amongst U.S. regulators.”

    • Ramaswamy is also calling for dramatically changing the Federal Reserve, by ending the central bank’s dual mandate of keeping inflation low and maintaining full employment. “Limit the U.S. Fed’s scope: stabilize the dollar
      DXY
      & nothing more,” his campaign site says.

    Nikki Haley

    A spokesman for Nikki Haley’s campaign pointed to a Fox Business interview on Wednesday in which she called for ending the federal gas tax and cutting spending, as well as to her speech Friday in New Hampshire on her economic plan.

    Republican presidential candidate Nikki Haley is a former U.S. ambassador to the United Nations and former South Carolina governor.


    Getty Images

    • “We want to eliminate the federal gas tax completely,” Haley told Fox Business. “We have to get more money in our taxpayers’ pockets.” That tax helps pay for highways, but she said the system isn’t working, echoing a point that some policy analysts have previously made. Biden pushed for temporarily suspending the federal gas tax in 2022, but Congress didn’t provide sufficient support for his proposal. In her economic speech, Haley also promised to cut income taxes for working families and make permanent the tax cuts that small businesses scored in 2017’s GOP tax overhaul.

    • The former U.S. ambassador to the United Nations said members of Congress are “spending like drunken sailors,” as she promised to reduce the federal government’s outlays. “I will veto any spending bill that doesn’t take us back to pre-COVID levels,” she told Fox Business, referring to budgets that date to before the onset of the coronavirus pandemic in March 2020.

    • Haley in her speech Friday pledged to support the U.S. energy industry, as she suggested that Washington has been “stifling it.” She said: “We’ll drill so much oil and gas, families will save big on their utility bills.”

    Mike Pence

    A spokesman for Pence’s campaign pointed to the former vice president’s plan for “ending inflation,” which calls for actions such as reducing the federal government’s spending and changing the Federal Reserve’s job description.

    Former Vice President Mike Pence served as governor of Indiana and as a congressman before becoming Donald Trump’s running mate in 2016.


    AP

    • A Pence administration would “end runaway deficits by freezing non-defense spending, eliminating unnecessary government programs, repealing over $3 trillion in new spending under Biden, and reforming mandatory programs that drive our debt,” the plan says. Earlier this year, he urged “commonsense and compassionate” reforms for programs such as Social Security and Medicaid.

    • Pence wants to end the Fed’s dual mandate, which calls for the U.S. central bank to focus on full employment and stable prices. “Trying to serve two, often contradictory goals has led to wild fluctuation in rates,” his plan says, adding that it’s better to “leave employment policy to the president and Congress.”

    • The former vice president’s plan said he aims to bring supply chains and production “back home,” and that would happen by “removing regulatory burdens, enacting pro-growth tax policies, and ensuring access to abundant American energy.” In other words: “We will fight inflation by making America the best place to do business again.”

    • Similar to his 2024 GOP rivals, Pence blasts Biden’s energy policies, though some of the Democratic incumbent’s stances, such as his approval of the Willow drilling project in Alaska, have also been criticized by environmental groups. Pence’s plan says: “It is time to reverse Biden’s attack on American energy by restarting oil and gas leasing on federal lands, opening the Arctic and offshore regions for exploration
      XOP,
      approving safe transportation of oil and gas, mining rare earth minerals, and rejecting climate change hysteria that is causing U.S. energy
      XLE
      production to fall.”

    Chris Christie

    Former New Jersey Gov. Chris Christie addresses a New Hampshire audience in April.


    AP Photo/Charles Krupa

    Chris Christie’s White House campaign didn’t respond to MarketWatch’s requests for comment, but the former New Jersey governor has emphasized that reducing government spending will help tame inflation.

    “The out-of-control government spending has created this inflation,” Christie said in June during a CNN town hall. “I mean, even Larry Summers, who I don’t agree with much on, former Democratic Treasury secretary, warned Joe Biden, ‘Don’t do this spending. It’s going to cause the inflation.’ So, first, we need to bring spending down, and we’ve talked about that before.”

    Related: Larry Summers has a new inflation warning

    Tim Scott

    U.S. Sen. Tim Scott pointed to reducing the federal government’s spending and repealing one of Biden’s signature legislative packages, when asked about how he would address inflation.

    Tim Scott, a U.S. senator from South Carolina, speaks last month during the presidential debate in Milwaukee.


    Getty Images

    • Scott, from South Carolina, said in a statement that he would aim to “snap non-defense discretionary spending back to the pre-COVID 2019 baseline.” He described that as stopping Democrats from “turning the temporary pandemic into permanent socialism.”

    • Scott said he would rescind the Inflation Reduction Act, which is Democrats’ big economic package aimed at addressing climate change, capping drug costs and raising hundreds of billions of dollars through taxes on corporations. “The Inflation Reduction Act actually increased inflation and the only thing it reduced was money in our pockets,” he said in his statement. “Cutting that off and restoring tax cuts and eliminating the tax increases would go a long way to having the kind of stimulative impact in our economy and controlling spending.”

    • Scott called for stronger economic growth. “We have to also grow our economy somewhere near 5% consistently,” he said, adding that could create 10 million jobs. The U.S. economy grew by nearly 6% in 2021 after contracting in 2020 as COVID hit, then it expanded by about 2% in 2022.

    Related: Republican presidential candidate Tim Scott says he wants to put the focus on tax cuts

    Asa Hutchinson

    Former Arkansas Gov. Asa Hutchinson blames “excessive federal spending” for leading to inflation when giving speeches, and outlines a plan for “fiscal responsibility” on his campaign site.

    Asa Hutchinson, governor of Arkansas from 2015 until this year, speaks at an Iowa event in April.


    Scott Olson/Getty Images

    • “Restore discipline by reducing federal government size, cutting spending, balancing the budget, and lowering the deficit to tame inflation,” it states.

    • When Hutchinson was governor, he signed a $500 million tax-cut package, saying “it could not come at a better time with the continued challenge of high food and gas prices.” That was in August 2022. On his campaign website, he repeats a call to cut taxes and “reduce regulations to boost the private sector and enhance wages for American workers.”

    Hutchinson’s campaign did not respond to a request for comment from MarketWatch.  

    Doug Burgum

    North Dakota Gov. Doug Burgum, a GOP presidential hopeful, speaks at the Iowa State Fair in August.


    Brandon Bell/Getty Images

    North Dakota Gov. Doug Burgum’s website says that as president he would “get inflation under control, cut taxes, lower gas prices
    RB00,
    +0.31%
    ,
    reduce the cost of living and help people realize their fullest potential.” It doesn’t provide specifics.

    A spokesman for Burgum’s White House campaign didn’t respond to MarketWatch’s requests for comment. A spokesman reportedly told the New York Times that the campaign will roll out its vision and plans on its own timeline.

    Larry Elder

    Larry Elder, a conservative radio host and a gubernatorial candidate in California in the failed 2021 recall of Democratic incumbent Gavin Newsom, said he views energy and tax policy and a constitutional amendment as ways to whip inflation.

    Larry Elder is a conservative radio host and former gubernatorial candidate in California.


    AP

    • “Reverse the war on oil
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      +0.93%

      and gas
      NG00,
      -2.65%

      ; permit drilling in Anwar [Arctic National Wildlife Refuge]; authorize the Keystone Pipeline; reverse the Biden restrictions on drilling on federal lands; and encourage nuclear energy
      NLR,
      ” Elder said in a statement.

    • “Encourage an amendment to the Constitution to set spending to a fixed percent of the GDP,” he also said.

    • Elder said the reduction in spending forced by that constitutional amendment would “coincide with a steep reduction in personal and corporate income taxes,” offering further help to Americans with stretched budgets.

    Will Hurd

    2024 Republican presidential hopeful Will Hurd, a former Texas congressman, speaks in Iowa in July.


    AFP via Getty Images

    Former U.S. Rep. Will Hurd of Texas announced his candidacy in June but so far hasn’t made it to the debate stage. In his campaign-launch video, he labeled inflation “still out of control.”

    • In a post on X in June, Hurd called for reining in spending. “You cannot be putting government funds into, at a time where you’re seeing the rising inflation,” he said.

    • And he said tax hikes are a nonstarter when inflation is high. “The worst time to talk about increasing taxes is when everybody’s hurting from inflation.”

    • Hurd also said the deficit should be addressed, to “start bending the curve back on the debt.”

    Hurd’s campaign did not respond to a request for comment from MarketWatch.

    Now read: Republican presidential debate: Candidates could win with a clear economic message about the ‘crisis among working people’

    And see: As Biden joins UAW picket line, poll shows Democrats’ edge over GOP on ‘caring about people like me’ has vanished

    Jeffry Bartash contributed.

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  • Retire to Arizona? Seriously?

    Retire to Arizona? Seriously?

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    The traditional Sunbelt retirement has lost its appeal: Brett Arends

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  • US intel: Ukraine war caused ‘one of the most disruptive periods’ for global food security | CNN Politics

    US intel: Ukraine war caused ‘one of the most disruptive periods’ for global food security | CNN Politics

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    CNN
     — 

    Russia’s invasion of Ukraine caused deep disruptions in the global food supply, raising prices and increasing the risk of food insecurity in poorer nations in the Middle East and North Africa, America’s top spy agency said in an unclassified report released by Congress on Wednesday.

    The direct and indirect effects of the war “were major drivers of one of the most disruptive periods in decades for global food security,” the eight-page report found – in large part because Ukraine and Russia were among the world’s largest pre-war exporters of grain and other agricultural products.

    Although food security concerns have abated since the start of this year, according to the report, the future trajectory of global food prices likely will depend in part on what happens with the Black Sea Grain Initiative, which Russia ended in July. The deal, facilitated by the United Nations, had allowed Ukrainian agricultural shipments to safely exit Black Sea ports and reach the international market.

    How much acreage Ukraine is able to cultivate as the war continues to rage and the cost and availability of fertilizers will also have an impact on global food prices, the report found. Global fertilizer prices reached near-record levels in mid-2022 as global oil and natural gas prices rose.

    “The combination of high domestic food prices and historic levels of sovereign debt in many countries – largely caused by spending and recessionary effects of the COVID-19 pandemic – has weakened countries’ capacity to respond to heightened food insecurity risks,” the report said. “These factors probably will undermine the capacity of many poor countries to provide sufficient and affordable food to their population through the end of the year.”

    Droughts last year in Canada, the Middle East, South America and the United States also compounded the war-related stress on global food supplies, according to the report.

    Intelligence officials have accused Russia in the past of weaponizing food supplies by blocking Ukrainian exports, destroying infrastructure and occupying Ukrainian agricultural land.

    Citing satellite imagery and open-source reporting, the report said that Russia stole nearly 6 million tons of Ukrainian wheat harvested from occupied territories in 2022. Cargo ships used to transport the stolen grain out of Russian-occupied territories in 2022 would steer along the coast of Turkey to deliver shipments to ports in Syria, Israel, Iran, Georgia and Lebanon, the report said.

    “We cannot confirm if the buyers of the Russian cargoes were aware of the grains’ Ukrainian origin,” the report said.

    The report was mandated by the annual intelligence authorization bill and released by the House Intelligence Committee.

    “This report casts light on the war’s broader disruption to global food security and reveals how (Russian President Vladimir) Putin has intentionally used food security and the threat of starvation as a negotiating chip,” committee leaders Reps. Mike Turner and Jim Himes said in a statement. “Russia’s recent refusal to renew the Black Sea Grain Initiative will worsen this crisis, driving vulnerable nations into food shortages that could leave millions struggling to eat.”

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  • Mitch McConnell appears to freeze again, in another health scare for Senate’s top Republican

    Mitch McConnell appears to freeze again, in another health scare for Senate’s top Republican

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    Senate Minority Leader Mitch McConnell froze for about 30 seconds Wednesday during an event with reporters in Kentucky, with the incident coming a month after a similar freeze-up.

    Footage in the social-media post below from a local TV station, WLWT, shows the 81-year-old Kentucky Republican freezing up after a question about seeking re-election.

    Additional video shows McConnell getting help from an aide with responding to other questions and then being led away.

    A spokesman for the 81-year-old Kentucky Republican said the senator “felt momentarily lightheaded and paused during his press conference today,” according to multiple published reports.

    “While he feels fine, as a prudential measure, the Leader will be consulting a physician prior to his next event,” his office also said.

    In a statement after last month’s incident, a spokesman said McConnell plans to serve the rest of the 118th Congress as the GOP leader, but the statement didn’t address his plans for the next Congress, which starts in January 2025.

    If McConnell leaves the post of Senate Republican leader, three GOP senators are viewed as in the running to succeed him: John Barrasso of Wyoming, John Cornyn of Texas and John Thune of South Dakota.

    McConnell’s current term as a U.S. senator runs through 2026, and Kentucky’s Democratic governor would be required to pick a Republican to replace him if he steps down early.

    A number of political figures have drawn attention this year due to their advanced age or health problems, including President Joe Biden, 80; Democratic Sen. Dianne Feinstein of California, 90; and Democratic Sen. John Fetterman of Pennsylvania, 54.

    Biden told reporters on Wednesday afternoon that he had heard about McConnell’s situation, and he planned to reach out to the senator, adding that they are friends even though they have disagreements politically.

    “I’m going to try to get in touch with him later this afternoon,” the president said.

    The Senate’s median age is 65.3 years old, up from 64.8 in the 117th Congress and 63.6 in the 116th, according to a Pew Research Center analysis from January.

    On Tuesday, House Majority Leader Steve Scalise, a Louisiana Republican, said he has been “diagnosed with Multiple Myeloma, a very treatable blood cancer.” Scalise, 57, said he has started treatment, which will continue for the next several months, and he expects to work while getting treated and intends to return to Washington, D.C.

    See: Biden’s age is figuring ‘prominently’ in the 2024 White House race — but here’s what the pundits could be getting wrong

    And read: Biden is reportedly using shorter stairs to sidestep ageism. Millions of other Americans face the same workplace problems.

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  • Climate change has ravaged India’s rice stock. Now its export ban could deepen a global food crisis | CNN Business

    Climate change has ravaged India’s rice stock. Now its export ban could deepen a global food crisis | CNN Business

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    Harayana, India
    CNN
     — 

    Satish Kumar sits in front of his submerged rice paddy in India’s Haryana state, looking despairingly at his ruined crops.

    “I’ve suffered a tremendous loss,” said the third generation farmer, who relies solely on growing the grain to feed his young family. “I will not be able to grow anything until November.”

    The newly planted saplings have been underwater since July after torrential rain battered northern India, with landslides and flash floods sweeping through the region.

    Kumar said he has not seen floods of this scale in years and has been forced to take loans to replant his fields all over again. But that isn’t the only problem he’s facing.

    Last month, India, which is the world’s largest exporter of rice, announced a ban on exporting non-basmati white rice in a bid to calm rising prices at home and ensure food security. India then followed with more restrictions on its rice exports, including a 20% duty on exports of parboiled rice.

    The move has triggered fears of global food inflation, hurt the livelihoods of some farmers and prompted several rice-dependent countries to seek urgent exemptions from the ban.

    More than three billion people worldwide rely on rice as a staple food and India contributed to about 40% of global rice exports.

    Economists say the ban is just the latest move to disrupt global food supplies, which has suffered from Russia’s invasion of Ukraine as well as weather events such as El Niño.

    They warn the Indian government’s decision could have significant market reverberations with the poor in Global South nations in particular bearing the brunt.

    And farmers like Kumar say market price rises caused by poor harvests doesn’t result in a windfall for them either.

    “The ban is going to have an adverse effect on all of us. We won’t get a higher rate if rice isn’t exported,” Kumar said. “The floods were a death blow to us farmers. This ban will finish us.”

    Satish Kumar with whatever is left of his rice crops.

    The abrupt announcement of the export ban triggered panic buying in the United States, following which the price of rice soared to a near 12-year high, according to the United Nations Food and Agriculture Organization.

    It does not apply to basmati rice, which is India’s best-known and highest quality variety. Non-basmati white rice however, accounts for about 25% of exports.

    India wasn’t the first country to ban food exports to ensure enough supply for domestic consumption. But its move, coming just one week after Russia pulled out of the Black Sea grain deal — a crucial pact that allowed the export of grain from Ukraine — contributed to global concerns about the availability of grain staples and whether millions would go hungry.

    “The main thing here is that it is not just one thing,” Arif Husain, chief economist at the United Nations World Food Programme (WFP) told CNN. “[Rice, wheat and corn crops] make up bulk of the food which poor people around the world consume.”

    Workers in India sift through rice grains in capital New Delhi.

    Nepal has seen rice prices surge since India announced the ban, according to local media reports, and rice prices in Vietnam are the highest they have been in more than a decade, according to customs data.

    Thailand, the world’s second largest rice exporter after India, has also seen domestic rice prices jump significantly in recent weeks, according to data from the Thai Rice Exporters Association.

    Countries including Singapore, Indonesia and the Philippines, have appealed to New Delhi to resume rice exports to their nations, according to local Indian media reports. CNN has reached out to India’s Ministry of Agriculture but has not received a response.

    The International Monetary Fund (IMF) has encouraged India to remove the restrictions, with the organization’s chief economist, Pierre-Olivier Gourinchas, telling reporters last month that it was “likely to exacerbate” the uncertainty of food inflation.

    “We would encourage the removal of these types of export restrictions because they can be harmful globally,” he said.

    Now, there are fears that the ban has the world market bracing for similar actions by rival suppliers, economists warn.

    “The export ban is happening at a time when countries are struggling with high debt, food inflation, and declining depreciating currencies,” Husain from the WFP said. “It’s troubling for everyone.”

    Indian farmers account for nearly half of the country’s workforce, according to government data, with rice paddy mainly cultivated in central, southern, and some northern states.

    Summer crop planting typically starts in June, when monsoon rains are expected to begin, as irrigation is crucial to grow a healthy yield. The summer season accounts for more than 80% of India’s total rice output, according to Reuters.

    This year, however, the late monsoon arrival led to a large water deficit up until mid-June. And when the rains finally arrived, it drenched swathes of the country, unleashing floods that caused significant damage to crops.

    The heavy floods have affected the country's farmers.

    Surjit Singh, 53, a third generation farmer from Harayana said they “lost everything” after the rains.

    “My rice crops have been ruined,” he said. “The water submerged about 8-10 inches of my crops. What I planted (in early June) is gone… I will see a loss of about 30%.”

    The World Meteorological Organization last month warned that governments must prepare for more extreme weather events and record temperatures, as it declared the onset of the warming phenomenon El Niño.

    El Niño is a natural climate pattern in the tropical Pacific Ocean that brings warmer-than-average sea-surface temperatures and has a major influence on weather across the globe, affecting billions of people.

    The impact has been felt by thousands of farmers in India, some of whom say they will now grow crops other than rice. And it doesn’t just stop there.

    India's rice stock is piling up as a result of the ban.

    At one of New Delhi’s largest rice trading hubs, there are fears among traders that the export ban will cause catastrophic consequences.

    “The export ban has left traders with huge amounts of stock,” said rice trader Roopkaran Singh. “We now have to find new buyers in the domestic market.”

    But experts warn the effects will be felt far beyond India’s borders.

    “Poor countries, food importing countries, countries in West Africa, they are at the highest risk,” said Husain from the WFP. “The ban is coming on the back of war and a global pandemic… We need to be extra careful when it comes to our staples, so that we don’t end up unnecessarily rising prices. Because those increases are not without consequences.”

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  • Why have frozen fruit and vegetable prices soared by almost 12% — but the cost of fresh produce has not?

    Why have frozen fruit and vegetable prices soared by almost 12% — but the cost of fresh produce has not?

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    What’s going on with frozen fruit and vegetables?

    Food prices rose 0.2% on the month in July after remaining unchanged in June, and they rose 4.9% on the year, while the cost of food at home rose 3.6% on the year, government data released Thursday showed. Prices of fresh fruits and vegetables rose just 1.2% year over year.

    However, there were some big — even alarming — outliers: Frozen fruit and vegetable prices increased by 11.8% in July over last year, frozen vegetable prices rose 17.1% and frozen noncarbonated juice and drink prices rose 16.3%.

    Those price rises are at odds with overall inflation figures. U.S. consumer prices rose to 3.2% in July from 3% in the prior month, the Bureau of Labor Statistics said this week. It was the first increase in 13 months.  

    Why have the prices of frozen fruits and vegetables shot up over the past 12 months, while the cost of fresh fruits and vegetables has increased so little? 

    Climate change and extreme weather conditions — from heavy rainfall to drought, particularly in California — have led to big problems for farmers. This has been compounded by issues related to the war in Ukraine and an ongoing increase in the cost of labor, experts said.

    As a result, a large proportion of the fruits and vegetables grown were destined to be sold as fresh produce — which led to a shortage of ingredients for frozen goods, said Brad Rubin, sector manager at Wells Fargo Agri-Food Institute. “Because of the late crop, lots of produce is being pushed to the fresh market to keep up with demand,” he said.

    California weather

    California has experienced some drastic weather conditions over the last 12 months. Some 78 trillion gallons of water fell in California during winter 2022 and early spring 2023, according to data from the National Weather Service, delaying planting. And all that snow and rain was followed by a months-long drought in the region.

    What happens in California is felt by consumers across the country. 

    “California produces nearly half of U.S.-grown fruits, nuts and vegetables,” according to estimates from the Sciences College of Agriculture, Food & Environmental Sciences at California Polytechnic State University in San Luis Obispo. “California is the only state in the U.S. to export the following commodities: almonds, artichokes, dates, dried plums, figs, garlic, kiwifruit, olives, pistachios, raisins and walnuts,” it says.

    The subsequent price rises hit ingredients like strawberries and raspberries especially hard, Rubin added. Inventories of frozen berries are “near five-year lows” after winter storms in Watsonville flooded agricultural fields, damaging and delaying the strawberry crop. Most of the strawberries in the U.S. are grown in California. 

    Labor costs

    Frozen fruits and vegetables have a longer supply chain than fresh produce, which can make them more vulnerable to disruptions in inventory, experts say. Rising energy prices are also pushing up the cost of cold storage. 

    In addition to those issues, U.S. farmers are dealing with increased labor costs and fewer migrant workers, partly due to changes in government policies and the closure of borders during the COVID-19 pandemic, according to a February 2023 report from the Federal Reserve Bank of San Francisco. 

    “Immigration has traditionally provided an important contribution to the U.S. labor force,” the report said. “The flow of immigrants into the United States began to slow in 2017 due to various government policies, then declined further due to border closures in 2020-21 associated with the COVID-19 pandemic. This decline in immigration has had a notable effect on the share of immigrants in the U.S. labor force.”

    Russia’s invasion of Ukraine also continues to affect agricultural production in the U.S., said Curt Covington, senior director of institutional business at AgAmerica Lending, a financial-services company providing agricultural loans. Because the war disrupted supplies of commodities like wheat and corn — also pushing up prices for those goods — farmers have been prioritizing planting those crops over vegetables. 

    “These escalating frozen-vegetable prices present a challenge for farmers as they grapple with increased production costs and labor pressures,” and that presents a long-term challenge for farmers, “potentially impacting their profitability,” Covington said. 

    All of these factors — from international supply chains to extreme weather conditions — will have an effect on the cost of frozen goods in U.S. supermarkets. Ultimately, experts said, consumers will end up paying the price.

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  • Europe’s largest fire on record sparks hunt for scapegoats in Greece

    Europe’s largest fire on record sparks hunt for scapegoats in Greece

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    Voiced by artificial intelligence.

    Greece is searching for scapegoats as Europe’s largest wildfire spins out of control. 

    On Monday, firefighters struggled for a 10th consecutive day to contain flames ravaging the northeastern Evros region, where multiple blazes have formed a deadly inferno. 

    Authorities say the initial fire near the port town of Alexandropoulis was likely sparked by lightning. But while anger grows over insufficient prevention efforts and emergency services beg for reinforcements, much of Greece is preoccupied with finding someone to blame. 

    Leading Greek politicians have sought to focus the nation’s attention on catching arsonists, with some even spreading conspiracy theories about who set the fires. 

    Vassilis Kikilias, minister for civil protection, blamed “lowlife arsonists” for the fires in a furious televised speech last week. 

    “You are committing a crime against the country, you will not get away with it, we will find you, you will be held accountable,” he said. 

    With more than 770 square kilometers razed — an area roughly the size of New York City — the Evros fire is the biggest blaze the European Forest Fire Information Service (EFFIS) has ever recorded since it began collecting data in the year 2000. 

    It’s only one of several wildfires currently burning in Greece. Across the country, the fires have ravaged vast swaths of land — more than 1,500 square kilometers this year so far, according to EFFIS. At least 20 people died. 

    The destruction is a stark reminder of the threat climate change poses to the country: The Mediterranean region is becoming hotter and drier as the planet warms, making it easier for fires to spread. 

    “We must continue strengthening national [and] collective prevention and preparedness efforts in view of more brutal fire seasons,” Janez Lenarčič, the EU’s crisis commissioner, warned last week in response to the Evros fire. 

    Experts say European countries have to step up forest management in particular, as fires spread particularly quickly through large tracts of dry vegetation. Yet while Greece’s government has acknowledged it needs to boost preventive efforts, its response in recent weeks has been to look for scapegoats. 

    Most fires in the EU ignite due to human behavior — whether intentional or not. But the emphasis on what sparked the fires has drawn criticism from experts.

    Víctor Resco de Dios, professor of forest science at Spain’s University of Lleida, said focusing on who or what started the fire allows governments to “blame the fires on individuals” rather than policy failures. 

    “Whereas if the discussion is around what made the fire spread, then we’d need to talk about who’s responsible for managing forests — and in this case, the blame could be on politicians,” he added. “This is why the debate is often quickly shifted away from forest management to what caused the ignition.” 

    Across Greece, the fires — and the political focus on finding culprits — are stoking existing tensions. 

    In Evros, locals have pointed the finger at migrants and refugees; the region, close to the Turkish border, is a frequent transit point for those seeking a better life in the European Union. 

    “We are at war,” said Paris Papadakis, a lawmaker from the far-right Greek Solution party who represents Evros. “They’ve come here in a coordinated way and the illegal migrants specifically set fire to over 10 places,” he claimed. 

    Several newspapers ran incendiary headlines blaming migrants. 

    Some locals literally hunted for scapegoats, in one case locking 13 asylum-seekers they accused of arson in a van. The Alexandroupolis prosecutor’s office charged the 13 people with attempted arson; they were later released. Their capturers are awaiting trial. 

    Greek Solution’s president, ​​Kyriakos Velopoulos, last week also blamed “illegal immigrants” for the fires. Last month, he sought to build on existing opposition to wind power by blaming turbines — the conspiracy theory that land is burnt to make way for wind farms is widespread in Greece.

    Greece has arrested dozens of suspected arsonists in recent weeks, but many of them were later released. 

    Three out of four people detained last Thursday were released, for example. Lighters found in their possession, considered incriminating evidence, were not working, while suspicious sprays turned out to be just car deodorants. The fourth suspect is a person with serious psychological issues, according to local media.

    So far, no one — neither local nor migrant — has been convicted of starting fires around Evros. But authorities are fairly certain that most of the fire’s victims are migrants and refugees who hid in the woods. 

    Pavlos Pavlidis, the Alexandropoulis coroner, told Greek media that two of the 18 charred bodies in the region last week were children.

    “They were all found in groups of two or three people at a distance of 500 meters,” he said, “apparently while trying to escape.”

    CORRECTION: This article has been updated to correct the area burned by wildfires in Greece this summer. It is 1,500 square kilometers.

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    Zia Weise and Nektaria Stamouli

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  • Brazil’s Lula pushes end to deforestation, stumbles on fossil fuels

    Brazil’s Lula pushes end to deforestation, stumbles on fossil fuels

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    Under pressure from the EU to rein in deforestation or face trade restrictions, Amazon countries must figure out how to bring prosperity to the region without destroying the forest. And that’s proving difficult.

    At a two-day summit starting Tuesday, Brazilian President Luiz Inácio Lula da Silva is looking to corral countries to speed up efforts to stop deforestation and decide on a common strategy to save the rainforest.

    But it’s likely to be an uphill climb, with countries disagreeing on whether they should commit to a zero deforestation goal and on whether oil and gas drilling should be banned in the region.

    The summit comes as the EU is rolling out new rules to ban commodities’ imports driving deforestation abroad and is asking countries to police their supply chains against environmental and human rights violations.

    That’s increasing pressure on the Amazon region — and particularly on Brazil, one of the largest exporters of agri-food products to the EU and home to 60 percent of the rainforest — to commit to ambitious action at this week’s meet-up.

    Colombian President Gustavo Petro has argued that phasing out fossil fuels is essential for the forest’s protection. “Even if we get deforestation under control, the Amazon faces dire threats if global heating continues to climb,” he wrote in an op-ed last month, adding that “to avoid the point of no return, we need an ambitious transnational policy to phase out fossil fuels.”

    But Lula isn’t pushing to phase out fossil fuels domestically, highlighting a tension between conservation efforts and ensuring economies stay on track.

    The Brazilian leader told local media ahead of the summit he wants to “keep dreaming” about drilling in the region. His comments come as Brazilian oil major Petrobras is looking to open new fields near the mouth of the Amazon River despite receiving a negative opinion from the national institute for the environment.

    If fossil fuels are kept underground, Amazon countries will need alternative activities to keep their economies afloat. Observers have suggested using this week’s summit as a way to promote greener farming and sustainable forest management, as well as discuss potential schemes to pay farmers and indigenous people to help protect the forest.

    “The bioeconomy is the key to unlocking the region’s economic potential while preserving its ecological heritage and, as such, needs to be at the center of any sustainable and inclusive development plan for the Amazon,” said Vanessa Pérez, global economics director at the World Resources Institute.

    Indigenous groups are also watching the summit closely, and want their contribution to climate protection, as well as their rights and territorial claims recognized by country leaders.

    “It is not possible to plan the future of the Amazon without indigenous peoples, without guaranteeing our territorial rights,” said Ângela Kaxuyana, political adviser at the Coordination of Indigenous Organizations of the Brazilian Amazon.

    High stakes

    The outcome of the summit is a major political and diplomatic test for Lula, who has pledged to achieve zero deforestation in the Amazon.

    Colombian President Gustavo Petro has argued that phasing out fossil fuels is essential for the forest’s protection | Guillermo Legaria/Getty Images

    Since taking office last year, Lula has stepped up efforts to crack down on illegal miners, protect indigenous groups and boost conservation efforts in the Amazon, with the government reporting a 66 percent drop in the rate of deforestation in July compared to the same month last year.

    But not all Amazon countries are ready to commit to a similarly ambitious goal; Bolivia and Venezuela failed to sign a pledge made at the COP26 climate talks to end global deforestation by 2030.

    Scientists have warned that the continued deterioration of the Amazon, a major carbon sink, is likely to have a profound impact on global climate efforts.

    “If [Lula] doesn’t come out of this summit with agreement from other countries that they also see this goal as important, it really undermines Brazil’s efforts to reach this [zero deforestation] goal,” said Diego Casaes, campaign director at the NGO Avaaz.

    The regional meet-up is also a key opportunity for Lula to assert his credibility as a climate leader both domestically and internationally as Brazil prepares to host the COP30 summit in 2025, Casaes added.

    The outcome is “a test of how far Lula can go given the constraint that he has from the congress,” he said, given the Brazilian legislative body has pushed back against measures to boost policing and protection of the rainforest.

    Scientists have warned that the continued deterioration of the Amazon, a major carbon sink, is likely to have a profound impact on global climate efforts | Victor Moriyama/Getty Images

    European lawmakers will be looking for signals for how the region is preparing to adapt to new rules to police imports driving deforestation, tackle human rights abuses and green trade.

    Under the EU Deforestation Regulation, imports of commodities like soy and beef produced on deforested land will be forbidden from 2024, while under the new corporate sustainability due diligence rules companies will be forced to scrutinize their supply chains for environmental damage and human rights abuses.

    And although the trade deal between the EU and the Mercosur countries isn’t officially on the agenda, it will certainly come up.

    That’s because the EU is currently negotiating a sustainability addendum to the trade deal with his Latin American counterparts, which should give reassurances — notably to France — the agreement will not have negative consequences on the environment and worsen deforestation.

    The summit is an opportunity to see whether Amazon countries “are able to coordinate efforts” and to ensure policies related to the forest “are aligned with [global] climate goals,” said Caseas.

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    Louise Guillot

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  • Major Supreme Court cases to watch in the new term | CNN Politics

    Major Supreme Court cases to watch in the new term | CNN Politics

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    CNN
     — 

    Looking at an upcoming Supreme Court term from the vantage point of the first Monday in October rarely tells the full story of what lies ahead, but the docket already includes major cases concerning the intersection between the First Amendment and social media, gun rights, racial gerrymandering and the power of the executive branch when it comes to regulation.

    The court will still determine if it will hear oral arguments on issues such as medication abortion and transgender rights, not to mention the possibility of a flurry of emergency requests related to the 2024 election.

    Here are some of the key cases on which the court will hear oral arguments this term:

    After the Supreme Court issued a major decision last year expanding gun rights nationwide, lower courts began reconsidering hundreds of firearms regulations across the country under the new standard crafted by Justice Clarence Thomas that a gun law passes legal muster only if it is rooted in history and tradition.

    On the heels of that decision, a federal appeals court invalidated a federal law that bars an individual who is subject to a domestic violence restraining order from possessing a firearm. That law, the 5th US Circuit Court of Appeals ruled, “is an outlier that our ancestors would never have accepted.”

    The Biden administration has appealed, saying the ruling “threatens grave harms for victims of domestic violence.”

    In 2019, nearly two-thirds of domestic homicides in the United States were committed with a gun, according to Everytown for Gun Safety.

    Lawyers for Zackey Rahimi, a man who was prosecuted under the law in 2020 after a violent altercation with his girlfriend, have urged the justices to let the lower court opinion stand, arguing in part that there is no law from the founding era comparable to the statute at hand.

    Racial gerrymandering: South Carolina congressional maps

    Justices will consider a congressional redistricting plan drawn by South Carolina’s Republican-controlled legislature in the wake of the 2020 census. Critics say it was designed with discriminatory purpose and amounts to an illegal racial gerrymander.

    The case focuses the court’s attention once again on the issue of race and map drawing and comes after the court ordered Alabama to redraw the state’s congressional map last term to account for the fact that the state is 27% black. The decision, penned by Chief Justice John Roberts, surprised liberals who feared the court was going to make it harder for minorities to challenge maps under Section 2 of the historic Voting Rights Act.

    In the latest case, the South Carolina State Conference of the NAACP and a Black voter named Taiwan Scott, are challenging the state’s congressional District 1 that is located along the southeastern coast and is anchored in Charleston County. Although the district consistently elected Republicans from 1980 to 2016, in 2018 a Democrat was elected in a political upset, though a Republican recaptured the seat in 2020.

    The person who devised the map has testified that he was instructed to make the district “more Republican leaning,” but that he did not consider race. He did, however, acknowledge that he examined racial data after drafting each version and that the Black voting age population of the district was likely viewed during the drafting process.

    A three-judge district court panel struck down the plan in January, saying that race had been the predominant motivating factor. “To achieve a target of 17% African American population,” the court said, “Charleston County was racially gerrymandered and over 30,000 African Americans were removed from their home district.”

    Expert explains why Justice Thomas’ gifts from wealthy friends are problematic

    In the latest attack against the so-called administrative state, the justices are considering whether to overturn decades old precedent to scale back the power of federal agencies, impacting how the government tackles issues such as climate change, immigration, labor conditions and public health.

    At issue is an appeal from herring fishermen in the Atlantic who say the National Marine Fisheries Service does not have the authority to require them to pay the salaries of government monitors who ride aboard the fishing vessels.

    In agreeing to hear the case, the justices signaled they will reconsider a 1984 decision – Chevron v. Natural Resources Defense Council – that sets forward factors to determine when courts should defer to a government agency’s interpretation of the law. First, they examine a statute to see if Congress’ intent is clear. It if is – then the matter is settled. But if there is ambiguity – the court defers to the agency’s expertise.

    Solicitor General Elizabeth Prelogar told the justices that the agency was acting within the scope of its authority under the Magnuson-Stevens Fishery Conservation and Management Act and said the fishermen are not responsible for all the costs. The regulation was put in place to combat overfishing of the fisheries off the coasts of the US.

    Representing the fishermen, former Solicitor General Paul Clement argues that the government exceeded its authority and needs direct and clear congressional authorization to make such a demand. “The ‘net effect’ of Chevron,” Clement said, is that it “incentives a dynamic where Congress does far less than the Framers anticipated, and the executive branch is left to do far more by deciding controversial issues via regulatory fiat”

    For the second time in recent years, the court is taking aim at a watchdog agency created to combat unfair and deceptive practices against consumers, in a case that could deal a fatal blow to the future of the agency and send reverberations throughout the financial services industry.

    At the center of the case at hand is the Consumer Financial Protection Bureau – an independent agency set up in the wake of the 2008 financial meltdown that works to monitor the practices of lenders, debt collectors and credit rating agencies.

    Congress chose to fund the CFPB from outside the annual appropriations process to ensure its independence. As such, the agency receives its funding each year from the earnings of the Federal Reserve System. But the conservative 5th US Circuit Court of Appeals held last year that the funding scheme violates the Appropriations Clause of the Constitution, that, the court said “ensures Congress’ “exclusive power over the federal purse.”

    According to the CFPB, the agency has obtained more than $18.9 billion in ordered relief, including restitution and canceled debts, for more than 195 million consumers, and more than $4.1 billion in penalties, in actions brought by the agency against financial institutions and individuals that have broken federal consumer financial protection laws.

    A handful of other agencies have similar funding schemes including the Federal Reserve, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency.

    Three years ago, the Supreme Court limited the independence of the CFPB by invalidating its leadership structure. A 5-4 court held that the structure violated the separation of powers because the president was restricted from removing the director, even if they had policy disagreements.

    Agency regulatory authority: Securities and Exchange Commission

    The justices are looking at the in-house enforcement proceedings of the US Securities and Exchange Commission in another case that invites the conservative majority to pare back the regulatory authority of federal agencies.

    The court’s decision could impact whether the SEC and other agencies can conduct enforcement proceedings in-house, using administrative courts staffed with agency employees, or whether such actions must be brought in federal court.

    On one side are critics of such agency courts who argue that they allow federal employees to serve as prosecutors, judges and jury, issuing rulings that could particularly hurt small businesses. On the other side are those who point out that several agencies, including the Social Security Administration, have such internal proceedings because the topics are often complex and the agency has more expertise than a federal judge.

    The case arose in 2013 after the SEC brought an enforcement action against George Jarkesy, who had established two hedge funds with his advisory firm, Patriot28, for securities fraud.

    The 5th Circuit ruled that the SEC’s proceedings deprive individuals of their Seventh Amendment right to a civil jury. In addition, the court said that Congress had improperly delegated legislative power to the SEC, which gave the agency unconstrained authority at times to choose the in-house administrative proceeding rather than filing suit in district court.

    In December, the court will examine the historic multibillion-dollar Purdue Pharma bankruptcy settlement with several states that would ultimately offer the Sackler family broad protection from OxyContin-related civil claims.

    Until recently, Purdue was controlled by the Sackler family, who withdrew billions of dollars from the company before it filed for bankruptcy. The family has now agreed to contribute up to $6 billion to Purdue’s reorganization fund on the condition that the Sacklers receive a release from civil liability.

    The Biden administration, representing the US Trustee, the executive branch agency that monitors the administration of bankruptcy cases, has called the plan “exceptional and unprecedented” in court papers, noting that lower courts have divided on when parties can be released from liability for actions that caused societal harm.

    “The plan’s release ‘absolutely, unconditionally, irrevocably, fully, finally, forever and permanently releases’ the Sacklers from every conceivable type of opioid-related civil claim – even claims based on fraud and other forms of willful misconduct that could not be discharged if the Sacklers filed for bankruptcy in their individual capacities,” Prelogar argued in court papers.

    For the second year running, the justices will leap into the online moderation debate and decide whether states can essentially control how social media companies operate.

    If upheld, laws from Florida and Texas could open the door to more state legislation requiring platforms such as Facebook, YouTube and TikTok to treat content in specific ways within certain jurisdictions – and potentially expose the companies to more content moderation lawsuits.

    It could also make it harder for platforms to remove what they determine is misinformation, hate speech or other offensive material.

    “These cases could completely reshape the digital public sphere. The question of what limits the First Amendment imposes on legislatures’ ability to regulate social media is immensely important – for speech, and for democracy as well,” said Jameel Jaffer, the executive director of Columbia University’s Knight First Amendment Institute, in a statement.

    “It’s difficult to think of any other recent First Amendment cases in which the stakes were so high,” Jaffer added.

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  • Bob Graham Fast Facts | CNN Politics

    Bob Graham Fast Facts | CNN Politics

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    CNN
     — 

    Here’s a look at the life of Bob Graham, former United States senator and Democratic governor of Florida.

    Birth date: November 9, 1936

    Birth place: Coral Gables, Florida

    Birth name: Daniel Robert Graham

    Father: Ernest “Cap” Graham, Florida state senator, dairy farmer and cattle rancher

    Mother: Hilda (Simmons) Graham, teacher

    Marriage: Adele (Khoury) Graham (1959-present)

    Children: Kendall, Suzanne, Cissy and Gwen

    Education: University of Florida, B.A., 1959; Harvard Law School, LL.B., 1962

    Graham’s family operates dairy, beef cattle and pecan farms in Florida and Georgia.

    Was a primary author of portions of the Patriot Act that dealt with improving and sharing intelligence between US and foreign agencies.

    Co-chaired the congressional investigation into the terrorist attacks of September 11, 2001.

    Voted against going to war with Iraq in 2003.

    Graham’s daughter, Gwen, represented Florida’s 2nd Congressional District (Tallahassee), 2015-2017.

    1966-1970 – Member of the Florida House of Representatives.

    1970-1978 – Member of the Florida Senate.

    1979-1987 – Governor of Florida.

    January 3, 1987-January 3, 2005 – US Senator representing Florida.

    2001-2003 – Chairman of the US Senate Select Committee on Intelligence.

    January 31, 2003 – Undergoes heart surgery to repair a valve.

    February 27, 2003 – Files papers to form a presidential campaign committee.

    May 6, 2003 – Formally launches his presidential campaign.

    October 6, 2003 – Announces he is dropping out of the presidential race.

    November 3, 2003 – Announces that he will not seek reelection to the Senate in 2004.

    September 2004 – Graham’s book “Intelligence Matters: The CIA, the FBI, Saudi Arabia, and the Failure of America’s War on Terror,” written with Jeff Nussbaum, is published.

    2005-2006 – Senior Research Fellow, Belfer Center for Science and International Affairs at Harvard University.

    2006 – The Bob Graham Center for Public Service at the University of Florida is established.

    May 16, 2008 – Congressional leaders appoint Graham to chair the Commission on the Prevention of Weapons of Mass Destruction Proliferation and Terrorism. In December 2008, the commission issues a report, saying it is likely a WMD attack will occur somewhere in the world by 2013 if nothing is done to enhance security.

    2009 – Graham’s book “America, The Owner’s Manual: Making Government Work for You,” written with Chris Hand, is published.

    May 2010 – President Barack Obama establishes a commission led by Graham and former Environmental Protection Agency Commissioner William Reilly on the BP Gulf of Mexico oil spill and offshore drilling. The commission ends its work in January 2011.

    June 2011 – Graham’s first novel, “Keys to the Kingdom,” is published.

    September 2012 – Graham calls for the investigation into the September 11 terrorist attacks be reopened. He asserts that Saudi Arabia’s involvement in the attacks has been covered up.

    January 2014 – Graham visits Cuba as part of a group sponsored by the Council on Foreign Relations in order to investigate Cuban plans to drill for oil offshore.

    September 9, 2016 – Graham has an op-ed in The New York Times calling for the release of more documents related to the September 11 terrorist attacks.

    November 24, 2020 – Graham’s children’s book, “Rhoda the Alligator,” is published.

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