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U.S. economy roars, while inflation soars

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The U.S. economy is beginning to rebound, but inflation is still crippling the American people

The U.S. economy is roaring back to life, after six months of steady declines.

While GDP is also rising, inflation continues to plague American households.

Increased exports are driving the rise. But weak global demand is limiting growth in some areas.

It comes as President Joe Biden says he will crack down on so-called ‘junk fees’ as a way of bringing down soaring inflation.

As part of this, the Financial Protection Bureau is seeking to eliminate billions in banking fees.

FILE PHOTO: U.S. economy President-elect Joe Biden’s mind as he announces members of economics and jobs team at his transition headquarters in Wilmington, Delaware, U.S., January 8, 2021. REUTERS/Kevin Lamarque/File Photo

They’re also removing hidden charges and extra fees on a range of services like airline and hotel bookings.

Despite this, the White House says there is still plenty of work to do on the U.S. economy.

Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

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Is journalism taking a hit in Ukraine?

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Ukraine’s media are adapting amid increased restrictions and the pressures of war

 
Ukrainian journalists have resumed reporting allegations of corruption by officials in Ukraine.

Kyiv had cracked down on wartime censorship.

Dr Paul Lushenko is a U.S. Army Lieutenant who said democracy and transparency is impacted during war.

“It is true that in the times of war, the tensions between civil liberties and national security can be skewed.

“It’s not to say it’s without risk. There are several examples where several well-known international investigative journalists have been targeted based upon their reporting,” he said.

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Is ‘AI’ the future of fantasy?

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Artificial Intelligence advancements have ignited conversations about which industries will be impacted the most.

One industry seeing an uptick in AI generated content is the online adult entertainment industry.

 
Companies around the world are racing to rollout artificial intelligence applications and programs. The new technology is here to stay—and has changed our lives forever.

In a recent viral conversation on Twitter, a user posted an assortment of images featuring life-like women—but they were entirely generated by artificial intelligence.

While the images were made to look like real photographs—the women do not exist.

Such ‘AI”advancements have ignited conversations about which industries will be impacted the most.

So, is AI generated content good or bad for the online adult entertainment industry?

Brie Nightwood, an OnlyFans creator joins us to discuss.
#artificialintelligence #ai #adultentertainment #BrieNightwood #veronicadudo

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Why OPEC policy decisions will have a major impact on oil prices

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Despite the fall in oil prices, OPEC and its allies policy decisions can have a major impact on oil prices.

 
In May 2023, the total number of rigs drilling for oil and gas was already down by around 7% when compared with its peak in December 2022.

Slower drilling activity eventually translates into slower production growth, creating a delay of up to 6 months.

In the meantime, high levels of production are keeping inventories elevated, especially in the case of gas, which is keeping prices under pressure.

OPEC and its allies are weighing the possibility of further oil supply cuts, despite the fall in oil prices.

OPEC+ and its allies led by Russia, pumps around 40% of the world’s crude.

So, its policy decisions can have a major impact on oil prices.

Bloomberg’s Senior Oil and Gas Analyst Fernando Valle joins us to discuss.

#oil #gas #oilandgas #gasprices #FernandoValle #veronicadudo

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