Inspector General: Biden Built Gaza Pier Despite Knowing It Would Fail

Fed’s favored inflation gauge shows price pressures easing as rate cuts near

(11a) -v-34- WASHINGTON (Correspondent Jeremy House) “std.”

An inflation measure closely tracked by the Federal Reserve remained low last month. Correspondent Jeremy House reports.

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VERBATIM: Prices rose just 0.2% from June to July, up a bit from the previous month’s 0.1% increase. Compared with a year earlier, inflation was unchanged at 2.5%. The trend of cooling price increases may clear the way for the Fed to start cutting its key interest rate next month for the first time in 4 1/2 years. Despite the near-end of high inflation, many Americans remain unhappy with sharply higher average prices for such necessities as gas, food and housing compared with pre-pandemic levels…JH, Washington.

Investigators say dispatching errors led to deadly Union Pacific train crash

( ) -q-21- UNDATED (Correspondent Jeremy House) “the parked railcars.”

Dispatching errors and the failure of two backup systems allowed a Union Pacific train to slam into 74 railcars that had been parked on a side track for nine months in Southern California in 2022.

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TAG: Correspondent Jeremy House reporting. One dispatcher even overruled the train crew who said they had been told by a colleague that cars were still parked on that siding.

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VERBATIM: That’s according to a National Transportation Safety Board report detailing what caused the crash in the desert near the Salton Sea. An engineer and a conductor died in the accident. Investigators determined that mistakes made by dispatchers at the railroad’s headquarters in Omaha, Nebraska, led to the train being routed directly into the parked railcars.

Inflation fell to 2.2% in Europe, clearing way for a European Central Bank rate cut

( ) -q-21- UNDATED (Correspondent Jeremy House) “its September meeting.”

Inflation is down in Europe.

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TAG: Correspondent Jeremy House reporting.

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VERBATIM: August’s figure is 2.2%, down from 2.6% in July. The pace of consumer price increases in the 20 countries that use the euro is now close to the 2% goal set out by the European Central Bank. The figure is more evidence that the coast is clear for the ECB to cut interest rates at its September meeting.

Grand Canyon visitors move to hotels outside the park after pipeline breaks

( ) -q-21- UNDATED (Correspondent Jeremy House) “during the day.”

Tourists with plans to stay at Grand Canyon National Park over Labor Day weekend were forced to move Thursday to accommodations outside the park.

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TAG: Correspondent Jeremy House reporting.

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VERBATIM: It marked the first day of sudden closures for overnight hotel stays after the park’s only water pipeline failed. The restrictions will run throughout the holiday, when hotels were near or at capacity. One hotel inside the park says it had to cancel nearly 1,000 reservations for the weekend. However, the park will remain open during the day.

Observers Say CNN Interview Shows Harris Unable To Lead

Senator Cotton Says Trump Arlington Cemetery “Scandal” Fake News

House Launches Probe Into Alleged Retaliation On TSA Whistlblowers

Former Senator Jim Talent Says Harris Deserves Tough Questions

Economic growth for Q2 is revised up to a solid 3% annual rate

( ) -v-35- WASHINGTON (Correspondent Jeremy House) “std.”

The U.S. economy grew last quarter at a healthy 3% annual pace. Correspondent Jeremy House reports.

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VERBATIM: The Commerce Department had previously estimated that the nation’s gross domestic product expanded at a 2.8% rate from April through June. Fueled by strong consumer spending and business investment, the second-quarter growth marked a sharp acceleration from a sluggish 1.4% growth rate in the first three months of 2024. Consumer spending, which accounts for about 70% of U.S. economic activity, rose at a 2.9% annual rate last quarter, up from 2.3% in the government’s initial estimate…JH, Washington

Rail worker’s death highlights union questions about remote control trains

( ) -q-23- UNDATED (Correspondent Jeremy House) “and reassemble trains.”

The CSX worker who discovered his friend run over by a pair of remote-control locomotives last year sees two-person crews as a simple solution to preventing similar deaths.

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TAG: Correspondent Jeremy House reporting. A Federal Railroad Administration spokesperson says the agency is scrutinizing the use of remote control. The expanded use of remote-control trains outside of rail yards is also attracting attention.

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VERBATIM: The worker’s testimony is a part of an update released by the National Transportation Safety Board into the September 2023 death of Fred Anderson. The idea of two-person crews isn’t expected to be popular with the railroads. They’ve come to rely heavily on having one person control trains moving around a railyard to take apart and reassemble trains.

Nvidia stock slips even after strong earnings, demand for AI chips surges

( ) -q-26- UNDATED (Correspondent Jeremy House) “artificial intelligence boom.”

Nvidia may have exceeded Wall Street estimates as its profit jumped, although investors seemed less than impressed.

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TAG: Correspondent Jeremy House reporting.

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The company reported a net income of to $16.6 billion. Adjusted for one-time items, net income was $16.95 billion. Revenue rose to $30 billion, up 122% from a year ago and 15% from the previous quarter. Nvidia has been buffeted by the chipmaking dominance that has cemented the company’s place as the poster child of the artificial intelligence boom.

New rules make it harder for criminals to launder money by paying cash for homes

( ) -q-23- UNDATED (Correspondent Jeremy House) “for money laundering.”

The Treasury Department has issued new regulations aimed at making it harder for criminals to launder money by paying cash for residential real estate.

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TAG: Correspondent Jeremy House reporting.

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VERBATIM: Under the rules, investment advisors and real estate professionals will be required to report cash sales of residential real estate to legal entities, trusts and shell companies. The new disclosure rules come as part of an ongoing effort to combat money laundering and the movement of dirty money through the American financial system. All-cash purchases of residential real estate are considered a high risk for money laundering.

Sen. Rick Scott Says Opponent Mischaracterizing His Abortion Stance

Cal Dems Advance Zero Down, Zero Interest Home Loan Bill For Illegals

Continetti: “Absolutely Fair” To Grill Harris On Border Czar Failures

US Navy shipbuilder agrees to pay $24 million in fraud settlement

( ) -q-25- UNDATED (Correspondent Jeremy House) “are awaiting trial.”

A shipbuilder for the U.S. Navy has agreed to admit wrongdoing and pay $24 million to settle an accounting fraud investigation.

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TAG: Correspondent Jeremy House reporting.

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VERBATIM: The U.S. Department of Justice says from 2013 through July 2016, Austal USA conspired to mislead shareholders and investors about its financial condition. The company pleaded guilty to one count of securities fraud and one count of obstruction of a federal audit. Three former Austal USA executives were indicted last year on accounting fraud charges. They are awaiting trial.

Railroad BNSF stresses safety but held back by longstanding industry issues

( ) -q-19- UNDATED (Correspondent Jeremy House) “industry for years.”

Freight railroad BNSF is generally striving to improve safety on a consistent basis, but that message doesn’t always reach front-line workers.

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TAG: Correspondent Jeremy House reporting. This is the second report the agency has completed since the disastrous February 2023 Norfolk Southern derailment in East Palestine, Ohio, as it works to review all the major railroads.

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VERBATIM: The workers don’t feel comfortable reporting safety concerns for fear of being disciplined. That’s according to an assessment released by the Federal Railroad Administration. The review of BNSF’s safety culture also shows that the company continues to be held back by some of the same issues that have been common across the industry for years.

Questions about the safety of Tesla’s ‘Full Self-Driving’ system are growing

( ) -q-22- UNDATED (Correspondent Jeremy House) “a widespread scale.”

Tesla says its vehicles that are equipped with the latest versions of its vaunted “Full Self-Driving” system can travel from point to point with little human intervention.

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TAG: Correspondent Jeremy House reporting. Some analysts say they doubt that Tesla is even close to deploying a fleet of autonomous robotaxis by next year as CEO Elon Musk has predicted it will.

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VERBATIM: Despite the claim, a series of alarming recent incidents have drawn the attention of federal regulators. They’ve been investigating Tesla’s automated driving systems because of dozens of crashes that raised safety concerns. The problems have led people who monitor autonomous vehicles to become more skeptical that Tesla’s system will ever be able to operate safely on a widespread scale.

US consumer confidence rises in August

(   ) -q-27- UNDATED (Correspondent Jeremy House) “133.1 last month.”

A combination of encouraging news on the economy and inflation has led to an increase in U.S. consumer confidence.

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TAG: Correspondent Jeremy House reporting. The index measures both Americans’ assessment of current economic conditions and their outlook for the next six months. Consumer spending accounts for nearly 70% of U.S. economic activity and is closely watched by economists.

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VERBATIM: The Conference Board reports its gauge of consumer sentiment rose during August to 103.3 from an upwardly revised 101.9 the month before. The measure of Americans’ short-term expectations for income, business and the job market rose to 82.5 from 81.1 in July. Consumers’ view of current conditions rose to 134.4 in August from 133.1 last month.

Spain’s leader begins West Africa tour in Mauritania

( ) -q-20- UNDATED (Correspondent Jeremy House) “period last year.”

Spain’s prime minister has embarked on a three-day tour of West Africa.

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TAG: Correspondent Jeremy House reporting. Sánchez begins his visit to Mauritania before continuing south to Gambia and Senegal. The three coastal nations have become the main departure points used by smugglers to launch overcrowded boats.

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VERBATIM: Pedro Sanchez’s trip comes as the European nation struggled to contain the number of people making the dangerous Atlantic voyage by boat to the Canary Islands. Spain’s Interior Ministry says that more than 22,000 people have disembarked on the islands since January. That’s more than double the number for the same period last year.

France’s Macron: arrest of the head of Telegram messaging app not political

( ) -v-32- UNDATED (Correspondent Jeremy House) “std.”

French President Emmanuel Macron says the arrest in France of the CEO of the popular messaging app Telegram, Pavel Durov, wasn’t a political move but part of an independent investigation. Correspondent Jeremy House reports.

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VERBATIM: In France’s first public comment on the arrest, Macron posted on the social media platform X that his country “is deeply committed” to freedom of expression. He also notes however, that “freedoms are upheld within a legal framework, both on social media and in real life, to protect citizens and respect their fundamental rights.” French media reported that Durov was detained at a Paris airport Saturday on an arrest warrant alleging his platform has been used for money laundering, drug trafficking and other offenses.

Flights returning to normal in Colombia as jet fuel shortage is resolved

( ) -q-22- UNDATED (Correspondent Jeremy House) “domestic air passengers.”

The Colombian airlines Avianca and Latam Colombia say they’re operating most of their flights today (TUESDAY) and resume full schedules Wednesday.

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TAG: Correspondent Jeremy House reporting. On Sunday, Colombia’s national oil company announced it had imported 100,000 barrels of jet fuel to ensure supplies for domestic airlines after the carriers complained they were not receiving enough fuel from suppliers.

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VERBATIM: The resumptions come following warnings on Monday that the airlines would have to cancel dozens of flights due to shortages of jet fuel. The late announcements capped off a turbulent day for Colombia’s aviation industry that saw hundred of passengers grounded and others struggling to rebook their flights. The two companies carry more than 70% of Colombia’s domestic air passengers.

Canada imposes a 100% tariff on imports of Chinese-made EVs

( ) -v-39- UNDATED (Correspondent Jeremy House) “std.”

Canada’s government is imposing a 100% tariff on imports of Chinese-made electric vehicles that matches U.S. tariffs. Correspondent Jeremy House reports.

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VERBATIM: Canadian Prime Minister Justin Trudeau’s government began 30-day consultation on the issue earlier this summer to counter what Deputy Prime Minister Chrystia Freeland has said is a clear effort by Chinese companies to generate a global oversupply. Canada’s move comes weeks after both the United States and the European Commission announced plans to impose higher import tariffs on Chinese EVs. U.S. national security advisor Jake Sullivan encouraged Canada to do the same during a meeting with Trudeau and cabinet ministers at a cabinet retreat in Halifax, Nova Scotia..JH reporting.