Wednesday, December 15, 2021

U.S. central bank expects to raise its benchmark interest rate 3 times next year

USA-FED/POWELL

The Federal Reserve will quicken the pace at which it's pulling back its support for the economy as inflation surges, and it expects to raise interest rates three times next year.



source https://www.cbc.ca/news/business/fed-rate-hikes-stimulus-1.6287075?cmp=rss

bell hooks, groundbreaking feminist thinker, dead at 69

bell hooks

bell hooks has died. The groundbreaking author, educator and activist whose explorations of how race, gender, economics and politics were intertwined made her among the most influential thinkers of her time. She was 69.



source https://www.cbc.ca/news/entertainment/bell-hooks-death-1.6286981?cmp=rss

Netflix, Slack, DoorDash hit by 2nd Amazon cloud server outage this month

CANADA-FINTECH/ AWS

Amazon.com Inc. said on Wednesday it had recovered from a brief outage at its Amazon Web Services cloud unit that affected internet connectivity in two regions on the U.S. West Coast.



source https://www.cbc.ca/news/business/amazon-cloud-outtage-1.6286731?cmp=rss

Europe expects Omicron to be the dominant coronavirus variant by the middle of January

HEALTH-CORONAVIRUS/GERMANY-HOSPITAL

The head of the European Union's executive branch said Wednesday that omicron is expected to be the dominant coronavirus variant in the 27-nation bloc by mid-January, amid concerns that a dramatic rise in infections will leave Europe shrouded in gloom during the holiday season.



source https://www.cbc.ca/news/world/coronavirus-covid19-canada-world-dec15-1.6286386?cmp=rss

Hundreds rescued from Hong Kong skyscraper blaze, 13 hospitalized

HONGKONG-FIRE/

Firefighters on Wednesday rescued hundreds of people who fled to the rooftop of a Hong Kong skyscraper and became trapped there after a major fire broke out.



source https://www.cbc.ca/news/world/hong-kong-fire-1.6286440?cmp=rss

Ex-officer Derek Chauvin expected to admit to violating George Floyd's civil rights

Chauvin

Former Minneapolis police officer Derek Chauvin is set to appear in federal court in person Wednesday morning for a change of plea hearing during which he is expected to admit to violating George Floyd's civil rights.



source https://www.cbc.ca/news/world/derek-chauvin-george-floyd-civil-rights-court-1.6286468?cmp=rss