Daily Digest 10/14 — Fed Worried About Inflation Risk as It Firmed Up Tapering Plan; Port of Los Angeles Open 24/7 to Reverse Supply Chain Delays…

Daily Digest 10/14 — Fed Worried About Inflation Risk as It
Firmed Up Tapering Plan; Port of Los Angeles Open 24/7 to Reverse
Supply Chain Delays… 1

Economy

Fed Worried About Inflation Risk as It Firmed Up Tapering Plan – WSJ

Federal Reserve officials last month worried that disrupted supply chains were raising the risks of more persistent inflation as they firmed up plans to reduce their bond-buying stimulus program next month and conclude it by the middle of next year.

Biden says Port of Los Angeles open 24/7 to reverse supply chain delays – Yahoo

Delivering remarks at the White House on Wednesday, President Biden said that the Port of Los Angeles will operate 24 hours a day, seven days a week, in an effort to curb recent supply chain congestion in the U.S.

IEA Says Clean Energy Spending Must Triple – OilPrice.com

Investments in low-carbon energy need to triple if the world is to meet its Paris Agreement targets, the head of the International Energy Agency told the Financial Times.

“There is a gross mismatch, and the longer this mismatch persists the greater the risk of further sharp price swings and increased volatility in the future,” Fatih Birol said, noting that current levels of investment in clean energy were just a third of what was needed.

However, Birol also said that projected investments in oil and gas production were now in line with Paris Agreement climate targets. That’s a rare piece of good news for an industry that has become the target of constant accusations of being the sole party responsible for adverse climate changes.

Environment

Clean tech could be worth more than oil by 2030 – Quartz

Global investment in clean energy technologies is still far below where it needs to be for the world to reach net-zero greenhouse gas emissions by 2050, according to a major new report from the International Energy Agency. To close the gap, annual investment for the rest of this decade needs to be three times higher than it was in 2021.

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Health

Unvaccinated Chicago Teachers Can Keep Working if They Agree to Weekly COVID-19 Testing – WTTW

With an impending COVID-19 vaccination deadline for employees, unvaccinated Chicago Public Schools teachers and staffers will be able to opt for weekly testing and continue working after this week.

CPS CEO Pedro Martinez on Wednesday said those who are not fully vaccinated by Friday’s deadline must consent to weekly testing, but will not be immediately barred from working, as had previously been threatened.

Covid, lockdown and the retreat of scientific debate – The Spectator

Science is about rational disagreement, the questioning and testing of orthodoxy and the constant search for truth. With something like lockdown – an untested policy that affects millions – rigorous debate and the basics of verification/falsification are more important than ever. Academics backing lockdown (or any major theory) ought to welcome challenges, knowing – as scientists do – that robust challenge is the way to identify error, improve policy and save lives.

But with lockdown, science is in danger of being suppressed by politics. Lockdown moved instantly from untested theory to unchallengeable orthodoxy: where dissenters face personal attack. Understandable on social media perhaps, but it has now crept into the British Medical Journal (BMJ) in a recent article about the Great Barrington Declaration (GBD).

Blackstone Labs criminal case shines light on NAC in supplements—again – Natural Products Insider

The federal judge overseeing a criminal trial that starts next week against a manufacturer of dietary supplements and its former executives must rule on a request by the defense to suppress evidence based on allegedly unlawful searches and seizures.

A trial is scheduled to begin Oct. 12 against Blackstone Labs and three of its former executives. The defendants—and several others indicted in 2019 who have since pleaded guilty to certain crimes—were charged with introducing into interstate commerce unapproved new drugs, conspiracy to distribute controlled substances, money laundering and other offenses.

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