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NEWS - FRIDAY, OCTOBER 11, 2024 - NEWS
Hezbollah critics and supporters alike are voicing frustration over what many view as the group's miscalculations. LA Times
VOA VIEW: Hezbollah should give up and make peace of get dismantled.
Search and rescue teams fan across Florida after Hurricane Milton strikes with storm surges up to 10 feet and 120 mph winds and pummels communities with deadly tornadoes. LA Times
“We’re very concerned that this is a clear effort to undermine Jewish life on campus,” the Anti-Defamation League told The Post of calls to defund and close Hillels. New York Post
VOA VIEW: Those who hate Jews hate America - they are sickos.

PLEASE DO BUSINESS WITH THOSE WHO DO BUSINESS WITH US -- OUR ADVERTISERS.

Call it the artist's magnum opus. New York Post
Republicans are heavily favored to take control of the Senate next year, with GOP candidate Tim Sheehy leading by eight percentage points in his bid to flip one of Montana’s two seats. New York Post
VOA VIEW: Good news.
An Israeli airstrike in northern Gaza killed 12 Hamas and Palestinian Islamic Jihad terrorists, including members who took part in the brutal Oct. 7 terrorist attack, officials said. New York Post
VOA VIEW: Great!
More than 600,000 Russian troops have been killed or wounded since the war began in 2022. New York Times
VOA VIEW: Putin has to be hated by his own, as those dead may be fathers and brothers and have fathers and mothers, as well as other relatives and friends.
In Indiana on Tuesday, authorities announced that a police K-9 that served for over eight years and even took a bullet for his handler was given a formal retirement ceremony. OANN
When the FBI arrested Nasir Ahmad Tawhedi this week, it was coy in explaining why the Afghan man, now accused of plotting to martyr himself in an Election Day mass shooting, was free in the U.S. in the first place. Washington Times
VOA VIEW: Biden/Harris!

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One in three college graduates lament their education choices, according to a survey released this week that finds substantial buyer's remorse among student loan borrowers. Washington Times
VOA VIEW: Forcing people to go to college may be a problem.
Immigrants who grew up in the United States after being brought here illegally as children were among close to 200 demonstrators outside a federal courthouse in New Orleans on Thursday as three appellate judges heard arguments over the Biden administration's policy shielding them from deportation. Washington Times
Giant asset management company Fidelity Investments announced this week that it detected a data breach in August that affected over 77,000 customers. Washington Times
VOA VIEW: Those involved should be found arrested and prosecuted.
Twin brothers who were born conjoined recently celebrated their first birthday after undergoing successful separation surgery. Washington Times
VOA VIEW: The miracles of modern medicine.

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Fisher-Price is offering $25 to product owners who remove and destroy swing parts that increase risk of suffocation. CBS
VOA VIEW: It's a lot of money.
DACA has been the subject of a years-long court battle and remains in legal jeopardy due to a lawsuit by Texas and other Republican-led states that oppose the policy. CBS
VOA VIEW: It should be over, period.
Healgen Scientific's combined COVID-19 and flu test gives people a new way to check what's causing their symptoms, FDA says. CBS

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Inflation in September fell to an annual rate of 2.4%, its lowest point since early 2021, as gas and energy costs continued to ease. CBS
VOA VIEW: Biden/Harris false figures to help Harris in her election bid.
Space weather forecasters say a severe solar storm heading to Earth could stress power grids even more as the U.S. deals with major back-to-back hurricanes. CBS
The Social Security Administration has announced a 2.5% cost-of-living adjustment for 2025. CNBC
VOA VIEW: Pitiful from Biden/Harris.
Donald Trump, the Republican presidential nominee, owns nearly 57% of Trump Media stock and has said he will not sell his DJT stake. CNBC
VOA VIEW: So be it.
The hurricane spawned multiple tornadoes before making landfall. CNBC

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More than 3 million people in Florida are without power Thursday morning as destructive Hurricane Milton is making its way across the state. FOX News
A North Carolina family is mourning the loss of 11 loved ones in the aftermath of Hurricane Helene as residents and officials continue search and rescue efforts. FOX News
A Monet artwork believed to have been lost during Nazi occupation in WWII has been returned to its rightful owners after a lengthy investigation spanning decades and continents. FOX News

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"Street takeovers" have been causing chaos in communities around the country. FOX News
VOA VIEW: Illegals are causing high crimes thanks to Biden/Harris.
The number of people filing for unemployment benefits rose dramatically last week to their highest point in more than a year to a seasonally adjusted 258,000, the Labor Department said on Thursday. UPI
VOA VIEW: It shows the economy is getting worse.
Russia unleashed a deadly missile and drone assault against civilian and infrastructure targets across Ukraine, killing 9 people and injuring dozens as President Volodymyr Zelensky was away canvassing support in Europe. UPI
VOA VIEW: Putin continues his mad offensive against the civilians in Ukraine.
The White House said the first phone call in nearly two months between U.S. President Joe Biden and Israeli Prime Minister Benjamin Netanyahu was "direct and productive," but provided scant details of their discussion. UPI
VOA VIEW: Iran should not know when and what Israel will do.
U.S. Customs and Border Protection intercepted separate cocaine shipments with a combined value of $13.2 million intended for Puerto Rico over the past week. UPI
VOA VIEW: Good!
Two Hezbollah commanders were killed in Israeli airstrikes in southern Lebanon, the Israel Defense Forces said Thursday. UPI
VOA VIEW: More should be coming.

VOA VIEW -- Is the opinion of "Voice of Americans", which is a private entity not affiliated in any way with the United States government or any of its agencies. The opinions expressed here, in whatever medium or format, are not necessarily the opinions of the ownership or advertisers of this web site - 0415.


P.O. Box 10307
New Orleans, LA 70181
(504) 888-8255
COMMENTARY OF THE DAY
By
Robert Namer
Voice Of America
©2018 All rights reserved
October 14, 2024

      Consumers’ view on the economy tumbled in September, falling by the largest level in more than three years as fears grew about jobs and business conditions, the Conference Board reported.  This was due to Biden/Harris stupidity.

     The board’s consumer confidence index slid to 98.7, down from 105.6 in August, the biggest one-month decline since August 2021. The Dow Jones consensus forecast was for a reading of 104. By contrast, the index had a reading of 132.6 in February 2020, a month before the Covid pandemic hit. Each of the five components the organization samples fared worse on the month, with the biggest fall coming among those aged 35-54 and earning less than $50,000.

     “Consumers’ assessments of current business conditions turned negative while views of the current labor market situation softened further. Consumers were also more pessimistic about future labor market conditions and less positive about future business conditions and future income,” said Dana Peterson, chief economist at The Conference Board.  The last time the confidence index dropped more came as inflation was just beginning a climb to what ultimately was the highest level in more than 40 years.  Stocks saw some brief losses following the release, while Treasury yields moved lower.

     In addition to the steep drop in the confidence index, the present situation measure worsened by 10.3 points to 124.3 and the expectations index was off 4.6 points to 81.7. On the expectations measure, a reading below 80 is consistent with a recession.  Respondents’ concerns focused mostly on jobs and inflation.  Those saying jobs are plentiful continued to decline, falling to 30.9% from 32.7% in August, while the jobs “hard to get” measure rose to 18.3%, up from 16.8%.  On inflation, the 12-month outlook rose to 5.2%, with concerns over price increases topping the list of economic concerns.

     “The proportion of consumers anticipating a recession over the next 12 months remained low but there was a slight uptick in the percentage of consumers believing the economy was already in recession,” Peterson said.  The survey comes less than a week after the Federal Reserve voted to lower benchmark interest rates by a half percentage point, citing a more favorable outlook for inflation and worries over a potentially softening labor market. It was the first rate cut in four years and double the traditional quarter-point reduction.