🥁 Axios PM: Inflation siren

Plus: New Airbnb menu | Wednesday, May 11, 2022

Open in app View in browser   Presented By Save American Solar Jobs   Axios PM By Mike Allen · May 11, 2022 Good afternoon: Today's PM — edited by Justin Green — is 443 words, a 1.5-minute read. ⚡️ Breaking: Sen. Joe Manchin joined every Senate Republican this afternoon in voting against advancing a bill that would forbid most state restrictions on abortion. Manchin, along with GOP Sens. Lisa Murkowski and Susan Collins, says he would support a less expansive bill codifying Roe v Wade.     🚨 1 big thing: Inflation siren President Biden and Agriculture Secretary Tom Vilsack (far right) visit today with Jeff and Gina O'Connor on their 800-acre family farm in Kankakee, Ill. Photo: Andrew Harnik/AP   Hope is quickly fading that inflation will go away anytime soon. Why it matters: The spreading of inflation pressures away from goods and into services is worrisome, Axios chief economic correspondent Neil Irwin reports. In April, prices rose 0.6% for rent, 0.5% for medical services, and 3.1% for transportation services. The Consumer Price Index rose 0.3% in April and was up 8.3% from a year earlier. The previous year-over-year inflation had been 8.5%. The new numbers come as President Biden pledges to make fighting inflation his "top domestic priority" — and the Fed embarks on a period of rapid interest rate increases meant to quash price pressures. Many economists believe that March will turn out to be the peak in year-over-year inflation measures and that price pressures will diminish gradually from here. But the new April numbers show that underlying inflation pressures remain very much alive.     2. Charted: Green surprise Data: IEA. Chart: Simran Parwani/Axios Renewable power growth — led by wind and solar —is on pace to set a record this year, Ben Geman writes in Axios Generate. An International Energy Agency report says 8% global growth is expected in 2022 — a significant boost over the previous forecast. Go deeper.     A message from Save American Solar Jobs President Biden: Stop undermining U.S. solar manufacturing     The Biden Commerce Department is threatening massive tariffs that are devastating the American solar industry, costing U.S. jobs, hurting domestic manufacturing, raising inflation and undermining efforts to address climate change. Learn more.     3. Catch up quick The Cerro Pelado Fire. Photo: National Wildfire Coordinating Group   One of the many growing wildfires in New Mexico is forcing residents near Los Alamos National Laboratory to prepare for possible evacuations, Axios' Russell Contreras reports. The Biden administration is pressing Israel and the Palestinian Authority to engage in a joint investigation into the death of Al Jazeera reporter Shireen Abu Akleh as soon as possible, Axios from Tel Aviv author Barak Ravid reports. A Florida judge struck down part of a redistricting map drawn by Florida Gov. Ron DeSantis, saying it "diminishes African Americans' ability to elect the representatives of their choice." Go deeper. Native American children suffered whippings, sexual abuse, manual labor and severe malnourishment at federal boarding schools between 1819 and 1969, according to a report released by the U.S. government. Go deeper.     4. Parting shot: New Airbnb menu Photo: Airbnb Your summer vacation may be getting way more expensive. But customizing it has never been easier. Airbnb now lets you choose among 56 categories when booking a stay, — camping to windmills, treehouses to domes. Between the lines: Airbnb singled out "over-tourism" as a reason for the changes, urging people to spread out in search of unique experiences. Read the release.     A message from Save American Solar Jobs President Biden: Stop undermining U.S. solar manufacturing     The Biden Commerce Department is threatening massive tariffs that are devastating the American solar industry, costing U.S. jobs, hurting domestic manufacturing, raising inflation and undermining efforts to address climate change. Learn more.   Like this email style and format? It's called Smart Brevity®. Over 200 orgs use it — in a tool called Axios HQ — to drive productivity with clearer workplace communications.   Axios thanks our partners for supporting our newsletters. If you're interested in advertising, learn more here. Sponsorship has no influence on editorial content. Axios, 3100 Clarendon B‌lvd, Suite 1300, Arlington VA 22201   You received this email because you signed up for newsletters from Axios. Change your preferences or unsubscribe here.   Was this email forwarded to you? Sign up now to get Axios in your inbox.   Follow Axios on social media: