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Biden visits Maui as natural disaster’s ravage America’s west

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President Joe Biden is visiting Maui as authorities race against time to locate and recover nearly 850 people who remain missing after catastrophic wildfires ravaged the island.

These fires, which have been over 80% contained as of Sunday, have already claimed more than 110 lives and caused extensive property damage. This disaster marks the worst in Hawaii’s state history and the deadliest wildfires in the United States in over a century.

Upon his arrival, President Biden, accompanied by the first lady, will conduct an aerial survey of the destruction in Lahaina via helicopter. Subsequently, they will visit the wildfire-affected areas in person, receiving briefings from officials during their tour.

While in Hawaii, President Biden will also announce the appointment of Bob Fenton, a FEMA regional administrator, to oversee the long-term federal efforts to support Maui’s recovery. Fenton has been actively engaged in the disaster response since the wildfires began.

Recover and rebuild

“I will do everything in my power to help Maui recover and rebuild from this tragedy,” President Biden said in a statement on Sunday before his trip. “Throughout our efforts, we are focused on respecting sacred lands, cultures, and traditions.”

President Biden has maintained regular contact with Hawaii Governor Josh Green and has received updates from Federal Emergency Management Administrator Deanne Criswell throughout the crisis.

Search and recovery teams have combed through about 85% of the disaster site in Lahaina thus far, according to county officials. The FBI and the Maui Police Department have successfully located over 1,200 survivors.

Biden declared a major disaster in Hawaii on Aug. 10, just hours after the governor’s request, which unlocked crucial federal assistance for Maui. Currently, more than 1,000 federal personnel, including over 450 search and rescue team members, are on the ground in Maui. FEMA reports that the White House has approved $8.2 million in assistance to more than 2,700 households, including $3.4 million in initial rental assistance.

The wildfires ignited abruptly and spread rapidly around Aug. 8, fueled by Hurricane Dora’s winds and exacerbated by drought conditions on Maui. While the cause of the fires is under investigation, several lawsuits have already been filed against Hawaiian Electric, alleging that downed power lines sparked the blazes.

Disaster review

Hawaii Attorney General Anne Lopez has initiated a review of the disaster response by state and local officials. Notably, the Maui Emergency Management Agency did not activate sirens during the wildfires, leaving residents with little warning of the rapidly spreading fires.

Maui’s emergency management administrator, Herman Andaya, resigned abruptly last week after initially defending his decision not to activate the sirens. Governor Green has clarified that the review of the local emergency response is not a criminal investigation.

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Wall St faces corporate earnings wave amid stock rally

Stocks rally faces earnings wave as investors wary of AI trade, Fed rate cuts, and weak labour market amid US shutdown

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Stocks rally faces earnings wave as investors wary of AI trade, Fed rate cuts, and weak labour market amid US shutdown

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In Short:
– U.S. stocks rally continues, raising concerns over AI trade and potential Fed interest rate changes.
– S&P 500 profits expected to rise 13.8%, but high market valuations create caution among investors.
U.S. stocks maintain a rally amid a busy week for corporate earnings, raising investor concerns over the strength of the artificial intelligence trade and potential Federal Reserve interest rate adjustments.The S&P 500 ended October with a 2.3% monthly increase and its sixth consecutive month of gains.

However, mixed results from major companies have cast doubt on future interest rate cuts after the Fed eased rates by a quarter point on Wednesday. Fed Chair Jerome Powell signalled that a cut at December’s meeting is uncertain, contrary to investor expectations.

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Third-quarter earnings have exceeded expectations, with S&P 500 profits projected to rise by 13.8% year-over-year. Over 130 companies are set to report results in the coming week.

Market Valuation

The S&P 500’s forward price-to-earnings ratio has exceeded 23, raising concerns about high market valuations reminiscent of the dot-com era. Analysts suggest earnings must support future stock returns given current valuation levels.

Historically, November is a strong month for stocks, averaging a gain of 1.87%. Future performance trends may indicate continued upward movement, as past instances show stocks often rise after substantial year-to-date gains.

With 44% of S&P 500 companies reporting, 83% have surpassed earnings expectations, signalling strong corporate performance despite challenges. Companies such as Meta Platforms and Microsoft saw share declines post-earnings due to increased spending on AI, while Alphabet’s stock rose amid positive sentiment regarding its cash flow management.

Investors maintain caution due to rising workforce reductions, particularly after Amazon announced a significant global workforce decrease. The ongoing U.S. government shutdown, now the second longest in history, adds uncertainty as critical economic data releases are delayed.


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Ukraine targets and destroys key Russian fuel pipeline

Ukraine hits critical Russian fuel pipeline, delivering major logistics blow near Moscow during intensifying energy warfare

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Ukraine hits critical Russian fuel pipeline, delivering major logistics blow near Moscow during intensifying energy warfare

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In Short:
– Ukraine targeted and damaged the Koltsevoy fuel pipeline supplying Russian forces on October 31.
– Russian attacks on Ukrainian energy infrastructure escalated, resulting in civilian casualties.
Ukraine’s military intelligence has successfully targeted a key fuel pipeline supplying Russian forces near Moscow.
The attack damaged all three lines of the 400-kilometer Koltsevoy pipeline system, marking a significant setback for Russia’s military logistics.The action coincided with an escalation in Russian attacks against Ukrainian energy infrastructure, leading to multiple casualties from drone strikes that resulted in at least four civilian deaths and numerous injuries.

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The Main Intelligence Directorate (HUR) of Ukraine confirmed the operation specifically targeted the Koltsevoy pipeline located in Ramensky district. Despite robust security measures, the attack successfully disrupted a pipeline critical for transporting fuel to the Russian military.

HUR noted the pipeline had a substantial annual capacity, delivering millions of tons of jet fuel, diesel, and gasoline.

HUR chief Kyrylo Budanov stated that the damage inflicted was more substantial than international sanctions against Russia.

Energy Disruption

Ukraine’s strategy centers on disrupting Russian energy logistics to exert economic pressure. Ukraine’s forces have frequently targeted Russian fuel facilities, with officials claiming this approach is yielding greater success than economic sanctions.

Russian military actions against Ukraine intensified concurrently, with a reported 270 missile strikes in October and drone assaults resulting in significant civilian casualties.

The ongoing conflict has drawn international condemnation, particularly from the G7, which criticises Russia’s attacks as harmful to social and economic stability in Ukraine.


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How Gen Alpha are positioned to shape the future of education

Future of education: how Generation Alpha and engaged parents are shaping schools amid challenges and rapid change

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Future of education: how Generation Alpha and engaged parents are shaping schools amid challenges and rapid change

In Short:
– Future education involves increased parental engagement and adapting to technological changes for younger generations.
– Barriers to involvement include time constraints and poor communication from schools, impacting family-school relationships.
What does the future of education look like for parents and students?
On this episode of Beyond Education, Enquiry Tracker founder Greg Campitelli explores the evolving landscape of schooling with insights from Mark McCrindle, founder of McCrindle Research. McCrindle, a notable social analyst.
In the conversation, he noted significant shifts in education accessibility and the increasing need for parental involvement.
A recent study indicated that 83% of parents prioritise engagement in their children’s schooling, seeking to actively participate despite busy schedules. Parents are investing in education, valuing it highly while wanting to play a hands-on role.
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