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            Kettering professor talks benefits of CHIPS Act for U.S. manufacturing, education

            Kettering professor talks benefits of CHIPS Act for U.S. manufacturing, education

            Early days of ‘fake news’ fuel the politics of ‘Campaigns, Inc.’ at TimeLine Theatre

            Early days of ‘fake news’ fuel the politics of ‘Campaigns, Inc.’ at TimeLine Theatre

            Eckerd College political science professor examines the Jan. 6 hearings – News

            Eckerd College political science professor examines the Jan. 6 hearings – News

            Midfielder Sally Menti Ruled Out Of 2022 FIFA U-20 Women’s World Cup Due To Knee Injury; Midfielder Annie Karich Named To World Cup Roster As Replacement

            Midfielder Sally Menti Ruled Out Of 2022 FIFA U-20 Women’s World Cup Due To Knee Injury; Midfielder Annie Karich Named To World Cup Roster As Replacement

            Russia-Ukraine War: Crimea Updates and News

            Russia-Ukraine War: Crimea Updates and News

            Gemini enters business combination deal with Disc Medicine

            Gemini enters business combination deal with Disc Medicine

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            Indiana Department of Education releases results from IREAD-3

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              Community Care Award Recognizes UConn Health Lactation Consultant Marisa Merlo

              Community Care Award Recognizes UConn Health Lactation Consultant Marisa Merlo

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              Now you’re cooking!: three new games get served up on Game Pass

              Back to School Mental Health: Blue Shield of California’s Dr. Nicole Stelter answers your questions | Blue Shield of California

              Back to School Mental Health: Blue Shield of California’s Dr. Nicole Stelter answers your questions | Blue Shield of California

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              Hannibal woman uses homegrown fruits, vegetables in her cooking | Food

              Health officials confirm 2nd case of monkeypox in Lorain County

              Health officials confirm 2nd case of monkeypox in Lorain County

              Woman travels 600 miles to win revamped Spiedie Cooking Contest

              Woman travels 600 miles to win revamped Spiedie Cooking Contest

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              Hamilton Community Health Network celebrates National Health Center Week with community events

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                Rockin’ out with Rob’s Rock School in Lititz [photos] | Entertainment

                Rockin’ out with Rob’s Rock School in Lititz [photos] | Entertainment

                Five Things presented by Children’s Mercy Sports Medicine Center: Sporting looking for first win at Q2 Stadium against Austin FC | Aug. 13, 2022

                Five Things presented by Children’s Mercy Sports Medicine Center: Sporting looking for first win at Q2 Stadium against Austin FC | Aug. 13, 2022

                2022 MLB Field of Dreams Game: Four things to know with Cubs, Reds set to meet in Iowa

                2022 MLB Field of Dreams Game: Four things to know with Cubs, Reds set to meet in Iowa

                Ceasars Entertainment helps WCSD teachers, provides care packages for upcoming school year – KRNV

                Ceasars Entertainment helps WCSD teachers, provides care packages for upcoming school year – KRNV

                Grading India’s sports-wise performance at CWG 2022

                Grading India’s sports-wise performance at CWG 2022

                Milford Memories offers three days of art, entertainment, sports fun – Macomb Daily

                Milford Memories offers three days of art, entertainment, sports fun – Macomb Daily

                Commanders fire position coach a month before season

                Commanders fire position coach a month before season

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                  Increasing Use of Smartphones and Internet Penetration Presents Opportunities for Further Growth

                  Increasing Use of Smartphones and Internet Penetration Presents Opportunities for Further Growth

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                  Blockchain technology in the banking industry – how can we connect?

                  INNOVATIVE TECHNOLOGY OPENS UP NEW POSSIBILITIES FOR THE CABINET INDUSTRY

                  INNOVATIVE TECHNOLOGY OPENS UP NEW POSSIBILITIES FOR THE CABINET INDUSTRY

                  California becomes first state to roll out submetering technology to spur EV adoption

                  California becomes first state to roll out submetering technology to spur EV adoption

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                  MLB’s PitchCom System Draws Mixed Reactions

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                  UK will face worse inflation than other major economies, says Bank governor | Inflation

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                  June 29, 2022
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                  Britons should expect to suffer a more severe bout of inflation than other major economies during the current energy crisis, the governor of the Bank of England has warned.

                  Speaking at a conference of central bankers in Portugal, Andrew Bailey said inflation was higher in the UK and would persist for longer than previously expected as soaring petrol and gas prices sent household bills rocketing to new highs.

                  Bailey said he was determined to bring down inflation and was prepared to use the Bank’s power to increase interest rates aggressively in response, though he added that it may not be necessary if price growth slowed towards the end of the year.

                  “I think the UK economy is probably weakening rather earlier and somewhat more than others,” he said. “There will be circumstances in which we will have to do more. We’re not there yet in terms of the next meeting. We’re still a month away, but that’s on the table. But you shouldn’t assume its the only thing on the table – that’s the key point,” he added.

                  His comments came as leaders of the world’s most powerful central banks warned that the global economy is facing a new period of persistently high inflation, unleashed by the coronavirus pandemic after decades of stability.

                  The heads of the US Federal Reserve and European Central Bank joined Bailey in saying that the era of low and stable inflation across advanced economies since the 1990s was unlikely to return in the wake of a succession of economic shocks.

                  Christine Lagarde, the head of the ECB, said there were “forces that have been unleashed” by the Covid pandemic, Russia’s war in Ukraine and the breakdown of global supply chains that made the return to a world of low and stable inflation difficult to achieve.

                  “I don’t think that we’re going to go back to that environment of low inflation,” she said.

                  Speaking on a panel at the ECB’s annual policy forum in Sintra, Portugal, she said: “A lot of the movements we’ve experienced in the last 20 years were predicated on globalisation – on the breaking-down of supply chains, on the reduction of cost, on just-in-time. That has changed. And will probably change continuously towards a system we’re not certain about.”

                  Lagarde was joined on the panel by Bailey, the chair of the US Fed, Jerome Powell and Agustín Carstens, the head of the Bank for International Settlements.

                  Powell said the post-pandemic economy was being driven by “very different forces” from the past decade. “What we don’t know is whether we’ll be going back to something that looks more like, or a little bit like, what we had before. We suspect it will be kind of a blend.”

                  The Fed chair said it was raising interest rates with the express purpose of moderating the pace of growth in the world’s largest economy, as it attempts to deal with the fallout from severe supply bottlenecks and red-hot demand for goods and services driving up inflation.

                  “The aim of that is to slow growth down so that supply will have a chance to catch up. We hope that growth will remain positive,” he said.

                  Bailey said Covid had left a “structural legacy” in the UK jobs market, where companies have struggled with a lack of workers, while inflation would also be influenced by the remaking of international supply chains in response to geopolitical tensions and to deal with global heating.

                  Together representing more than a third of the world economy, and with more than $20tn (£16.5tn) of assets on their balance sheets, the central bank chiefs put borrowers on notice for aggressive rises in interest rates to combat soaring inflation.

                  Powell said it was the job of central banks to prevent a permanent transition to a “higher-inflation regime” after a string of shocks. “There’s a clock running here,” he said.

                  While warning that there were signs of slowing economic growth in Britain, Bailey did not rule out raising rates by 50 basis points at the Bank’s next meeting in August and said it had the option of taking forceful action. “

                  Sign up to the daily Business Today email or follow Guardian Business on Twitter at @BusinessDesk

                  Giving evidence separately to the Commons Treasury committee, the economist Swati Dhingra, who joins the Bank’s nine-strong monetary policy committee (MPC) later this year, said the worsening outlook for growth had convinced her that a “gradual approach” to interest rates rises was needed.

                  At a hearing with MPs on the Treasury select committee to approve her appointment, the London School of Economics economist said she had been prepared to take a more aggressive approach to rate hikes until she saw the latest consumer confidence figures, which showed the largest decline in optimism on record.

                  “In hindsight, I think there is some room for a gradual approach,” she said. Three members of the MPC voted for a 0.5-percentage point rate rise in the central bank’s base rate to 1.5% at a meeting earlier this month, while the majority backed a more modest 0.25-point increase.



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