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Well, Good Morning!
Let's take a look at what the day has in store for us.
So, let's dig in, shall we?
Here's What You Need To Know... Why Biden's vaccine booster plan is receiving criticism at home and abroad On Wednesday, top medical officials in the Biden administration unveiled the plan for vaccine booster shots against the coronavirus. Beginning the week of Sept. 20, Americans who received a Pfizer or Moderna vaccine should expect to be offered a booster shot eight months after their second dose. The plan is still subject to approval by the FDA and a CDC advisory committee.
However, the plan is being criticized as short-sighted and even unethical. Health experts say that eight months is too long, since vaccine effectiveness can decline to dangerous levels after just five months. In contrast, the WHO slammed the U.S. for planning third shots while so many around the world haven't had their first.
There's still a global shortage of vaccines, and the announcement will only increase the pressure on the U.S. to do more to vaccinate the rest of the world. Physicians and medical ethicists say it's difficult to justify a third dose for relatively healthy people given the global need.
When is the central bank going to start tapering its bond buying program? Yesterday, central bankers released the minutes from their most recent meeting, which spanned July 27 and 28. Investors had anxiously been awaiting this data, once again hopeful that they might receive a clue regarding when the Federal Reserve will begin tightening its easy monetary policy. The first step on that journey will be to start what is known as the tapering process, or the easing up of its monthly $120 billion bond-buying program.
The minutes reveal that this will likely occur before 2021's end, although experts have already said they believe they'll get more news by September. This belief comes even as uncertainty continues to rule the day. According to the minutes, "looking ahead, most participants noted that, provided that the economy were to evolve broadly as they anticipated, they judged that it could be appropriate to start reducing the pace of asset purchases this year."
Fed officials still aren't quite happy with the ambiguous "substantial further progress" milestone on the job growth front. That needs to be remedied before rates are raised, a process that begins after tapering. At this point, officials maintain that this won't happen until late next year. As the dialogue about dialing back Federal Reserve bond purchases moves forward, it gives the markets an opportunity to prepare accordingly. One expert put it this way: "Now, it's like you're selling the rumor and buying the news. I wonder if that's what's going to happen with official tapering."
Could a massive dust plume from the Sahara Desert be Florida's saving grace? Tropical Storm Grace has intensified into the second hurricane of the Atlantic hurricane season after unleashing torrential rain on earthquake-damaged Haiti. Grace is expected to make landfall along the Yucatan Peninsula today as a Category 1 hurricane. Typically, the second hurricane of the season develops around August 28. Last season, the second hurricane of the season developed on July 31. Hurricane season runs through November 30.
A late-season ejection of dust from the Sahara Desert, however, could help to calm the tropics down in the short term. The dust will spread west into the Caribbean and southwest Atlantic along a strong area of high pressure, the same weather feature that pushed Grace south, keeping it away from Florida. This could be the most significant plume of dust of the season for Florida and the southwest Atlantic.
The most prolific round of dust looks to arrive late Tuesday into Wednesday. The dust hangs out thousands of feet in the air, but its arrival may also bring poor air quality for extremely sensitive groups and enhanced allergy symptoms. Some health experts even say that symptoms could mimic those from the coronavirus. The dust will also help to keep rain and storm chances on the lower side.
Dust off the Sahara fertilizes the Atlantic Ocean and American soils. Although it can blunt tropical storms, it also feeds red tide, the Sargassum seaweed that piles up on Florida beaches every summer and other harmful algae blooms. Red tide is disastrous for the ecosystem — which, in turn, affects the economy.
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Some Of Today's Conversation Starters In Focus: Culture, Sports & Entertainment This is what happened during R. Kelly's sex-trafficking trial yesterday "This case is about a predator," said a prosecutor. "That predator is the defendant."
The "Godfather of Sudoku" has died at 69 years old His legacy is his love of puzzles. Earlier this week, Maki Kaji, who created Sudoku, died of bile duct cancer.
Have you heard of Banksy's "Great British Spraycation" yet? It took about a week of guesswork, but the street artist, known simply as Banksy, has admitted that he is the one behind the new art across England's east coast.
In Focus: Science, Tech & Health How and why did scientists create a "daddy shortlegs" arachnid? To get an idea of why scientists would want to study daddy longlegs, try playing a game of "one of these things is not like the others" the next time you see one.
A Chinese satellite and a Russian rocket may have collided in space The last big satellite collision was in 2009, but more old spacecraft are building up in orbit.
Three new species of early mammals have been discovered based on fossils found in Wyoming's Great Divide Basin.
In Focus: Business, Markets & The Economy Why are more than 40% of interns still not getting paid? Although a study shows that the average hourly wage has increased to $20.76 for interns, almost half of all college students won't earn a dime for their work.
Which former streaming giant employees are facing insider trading charges right now? Apparently this group of workers made over $3 million in this illegal trading scheme.
Where is digital currency soaring the highest right now? This map reveals the answer Virtual currency has increased 881% in a year's time. These are the countries leading the way.
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