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The stock market continued a September slide Monday, with the Dow Jones Industrial Average falling about 800 points at one point. The S&P 500 sank 1.2%, though a last-hour recovery helped it more than halve its loss from earlier in the day.The Dow Jones Industrial Average fell 509.72, or 1.8%, to 27,147.70 after coming back from an earlier 942 point slide. The Nasdaq composite slipped 14.48, or 0.1%, to 10,778.80 after recovering from a 2.5% drop.Monday’s downward movement was seen across many sectors, and market watchers point to multiple reasons.Multiple media outlets are reporting about documents indicating major banks around the world potentially ignored red flags and allowed millions to be transferred by questionable companies or individuals. Stock prices for banks, including JP Morgan Chase, fell on Monday. Many are worried about a spike in coronavirus cases and potential new “waves” of the virus; the United Kingdom announced they are seeing a sharp increase in cases.The recent death of Supreme Court Justice Ruth Bader Ginsburg and subsequent announcement a replacement could come soon means congress will be focused on hearings and the nomination process, and potentially not focused on any federal coronavirus relief aid, according to Marketplace.org.Without federal relief, economic experts have warned of a longer recovery. The Federal Reserve last week said the future of the U.S. economy remained uncertain.Over the weekend, China announced a new regulatory body that could blacklist foreign companies that put China’s national security at risk. NPR says this group could target U.S. tech companies operating in China, like Apple, Cisco, and others.Monday’s slide comes after a few weeks of stock market losses. September is historically the worst month for stocks, according to the Associated Press.“The market has been poised to just pull back, take a breather,” said Quincy Krosby, chief market strategist at Prudential Financial. “Raising capital is prudent during a month that is known statistically, historically for being difficult for the market.” 2095
The world’s population has been growing, spiking in the last few centuries, and now sits around 7.6 billion. A study published this week suggests global population will peak around the year 2064 at roughly 9.73 billion people.Researchers looking at the models believe the world’s population will then begin declining, reaching roughly 8.79 billion in the year 2100. Their reasoning for the decline is that “continued trends in female educational attainment and access to contraception will hasten declines in fertility and slow population growth.”According to the study, funded in part by the Bill and Melinda Gates Foundation and published in The Lancet, the five largest countries, population-wise, in 2100 are projected to be India, Nigeria, China, the U.S. and Pakistan. They are projecting America will have a population of roughly 336 million people in 2100. Currently, there are an estimated 331 million people living in the U.S.The average life expectancy in 2100 will be around 80 years old. The current global life expectancy is estimated at 72 years old. 1073
The South Georgia Islands might not be permanently populated by humans, but it is an important sanctuary for penguins, seals and other various creatures in the South Atlantic.But a giant iceberg, A68a, could threaten the wildlife on the islands, according to the Government of South Georgia & the South Sandwich Islands.With the assistance of the Royal Air Force, the government has been tracking the iceberg’s movement toward the islands. While the islands do not have a permanent population, they are visited by tourists and others.According to the BBC, A68a was 150 kilometers from South Georgia. The concern is the iceberg could disrupt breeding for penguins on the island.“We are now entering the key part of the year for breeding," Mark Belchier, director of fisheries and environment for the government of South Georgia & the South Sandwich Islands, told BBC News."The nests have been built for gentoo penguins, and eggs will be laid soon. And the first seal pups have been born in the last fortnight," he added.The islands used to be populated on a more permanent basis as a small settlement ran a whaling station.Before air travel, the islands were used by explorers to prepare for treks to Antarctica. Whalers on the island also played a key role rescuing Sir Earnest Shackleton’s crew after his expedition became stranded on Antarctica’s Elephant Island. 1381
The Special Counsel's Office is hoping to deny an attempt by several media organizations, including CNN, to unseal documents in the Russia probe, by arguing that the documents need to remain private because of the breadth of still-secret parts of the ongoing investigation."The Special Counsel's investigation is not a closed matter, but an ongoing criminal investigation with multiple lines of non-public inquiry. No right of public access exists to search warrant materials in an ongoing investigation," Robert Mueller's team wrote in a filing Wednesday night.The prosecutors wrote in the firmest language yet about how their yearlong investigation into Russian interference in the 2016 US election continues and includes several interconnected parts, some of which may link back to searches of the belongings of former Trump campaign chairman Paul Manafort that were also used to build cases against him unrelated to his work for the campaign.Manafort faces criminal indictments in Virginia and DC federal courts related to his foreign lobbying business from before the campaign. He's pleaded not guilty in both.Prosecutors have previously revealed that the Justice Department directed Mueller to look into allegations that Manafort coordinated with Russians during the campaign, yet they have not previously hinted that others besides Manafort could be central to the Russia probe. Wednesday's court filing acknowledges multiple relationships that are part of investigative threads."The investigation consists of multiple lines of inquiry within the overall scope of the Special Counsel's authority. Many aspects of the investigation are factually and legally interconnected: they involve overlapping courses of conduct, relationships, and events, and they rely on similar sources, methods, and techniques. The investigation is not complete and its details remain non-public," prosecutors wrote.If they were to be unsealed, "warrant materials reveal investigative sources and methods, preliminary factual and legal theories, and evidence that has already been gathered -- including from grand jury processes. They show what has been searched -- including electronic facilities where the search itself is protected by a non-disclosure order -- and indicate what has not been searched. And the dates and volume of warrants reveal an investigation's direction."The Special Counsel's Office said it wouldn't oppose formally unsealing two search warrants that were made public through recent court filings in Manafort's case, though parts of them remain heavily redacted.CNN, along with The Associated Press, Politico, The Washington Post and The New York Times, initially asked the court to unseal all the search warrants used in the investigations and other sealed documents related to Manafort's two federal criminal cases. 2838
The U.S. Olympic Committee has announced Salt Lake City will be its choice in a bid for the Winter Games in 2030 or beyond."We won!" Governor Gary Herbert cheered, holding hands in victory with Salt Lake City Mayor Jackie Biskupski, Council Chairwoman Erin Mendenhall and others."This has been the culmination of a significant team effort, starting with the support of the public," the governor added.The announcement came following a meeting by the U.S. Olympic Committee in San Francisco on Friday. Salt Lake City was competing with Denver for the nomination.The International Olympic Committee is expected to pick the next host cities for future Games in 2023.Salt Lake City has argued it is uniquely situated to host another Olympics. Our venues are still operating and in excellent condition and our infrastructure is in place with billions in expansions (light rail, a new airport, etc.). There is also significant support with polls showing 89% of Utahns in favor of another bid."We feel like we’re as prepared as we could be. We have unanimity with our public officials that have lined up behind this effort," said Jeff Robbins, the president of the Utah Sports Commission.The cost to host an Olympics would also be cheaper than other cities. It would cost about .4 billion, but boosters insist it would not cost any state or local tax dollars. Instead, it would be paid for in broadcast rights, sponsorships and ticket sales."People say, 'Well, is this worth the investment?' The investment is zero! Look at all we get. Number one, we get the spotlight of the world on Utah and we get to show the world what a great state this is, what great people are here. The volunteers were fantastic last time," said Fraser Bullock, an executive for Salt Lake's 2002 Winter Olympics and the co-chair of this Olympic Exploratory Committee.Utah estimates it received more than billion in economic benefit from the 2002 Winter Olympics. Mayor Biskupski said she envisioned the next Games that Utah could host would be even better. She said there would be an emphasis on sustainability (as in, environmentally friendly) and a modern Olympics."This will be an entirely new Games and experience. We're excited to bring that vision," she said. 2247