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Interest in news has declined sharply across all age groups, but particularly among those under 35, according to a recent global survey by the Reuters Institute Digital News Report.

The connection between journalism and much of the public is crumbling, according to the survey of citizens from six continents and 46 markets.

Around 40% of respondents under the age of 35 said they often or sometimes avoid information, while 36% of those over 35 did the same.

Nearly 39% of those under 35 also said they avoid news because it “negatively impacts their mood,” while 39% said they’ve seen “too much coverage about politics or COVID-19.”

“Issues that journalists consider most important, such as political crises, international conflicts, global pandemics and climate catastrophes seem to be the very things that keep some people from the news,” the report, published on Wednesday, said.

Only 37% of young people surveyed said they “mostly” trust the news, with a higher figure (47%) for the over 55s.

“The overwhelming and depressing nature of the news, the sense of helplessness and the toxic online debates turn many people off – temporarily or permanently,” the researchers emphasized.

However, all age groups recognize that news is an essential way to learn new things, but young people remain more interested in seeing more positive and entertaining content.

If the traditional information formats such as the printed press or television are consumed less and less, social media has not made up for it.

In general, news consumption has increased from 63% in 2017 to 51% in 2022.

A new report says that Elon Musk, CEO of billionaire Tesla, wants crypto to play a bigger role in Twitter’s future.

According to a transcript released by Vox, SpaceX’s CEO spoke to Twitter employees in a video call Thursday amid his potential acquisition of the company.

Musk argues that “money is fundamentally digital at this point” and that Twitter should integrate digital payments.

“I think it would make sense to integrate payments with Twitter so it’s easy to send money back and forth. And if you have both currency and crypto. Basically whenever someone would find it useful.

My goal would be to maximize the usefulness of the service – the more useful, the better. And if you can use it to pay conveniently, that increases the benefit. News, entertainment and payments are three critical areas in my opinion. But really, it’s just thinking about how to do that, how to make using Twitter so compelling that you can’t go without it and that everyone wants to use it.”

Twitter launched a tipping feature last September, allowing users to instantly send funds, including cash and Bitcoin (BTC), to any other Twitter user in the world for free using the Strike payment protocol, an app that handles BTC transactions processed via the Lightning Network. The tipping feature extended support for Ethereum (ETH) in February.

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Featured Image: Shutterstock/DM7/Natalia Siiatovskaia

A senior Federal Reserve official expressed early support for another 0.75 percentage point rate hike at the next central bank meeting in July, expecting inflation will not ease enough to slow the pace of monetary tightening .

In a speech delivered on Saturday, Christopher Waller, a Fed governor, reiterated the central bank’s commitment to tackling the worst inflation problem in more than forty years, saying it was “fully committed to restoring price stability.”

Waller’s comments come just days after the Fed significantly stepped up efforts to combat rising prices, delivering its first 0.75 percentage point rate hike since 1994. The Swiss National Bank and Bank of England also hiked interest rates this week, as central banks around the world took aggressive action to curb rising inflation.

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“If the data comes in as I expect, I will support a similarly large move at our July meeting,” Waller said at a panel hosted by the Fed’s Dallas office, calling this week’s decision “another significant one.” step towards reaching our inflation target”. .

In addition to raising the federal funds rate to a new target range of 1.50 to 1.75 percent, the US Federal Reserve also signaled support for what is likely to be the fastest monetary tightening since the 1980s.

Most officials now expect the federal funds rate to rise well above 3 percent by the end of the year and potentially reach as high as 3.8 percent in 2023.

Given that this rapid rise in the cost of borrowing is likely to cause some economic pain, policymakers projected the unemployment rate to rise over the next two years from 3.6 percent currently to 4.1 percent in 2024, with core inflation surging Cent’s target is still just over 2 percent. Rate cuts are also expected by then as growth is expected to slow to below 2 percent.

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Many economists believe the economic impact of the Fed’s measures to contain inflation – which they expect may worsen in the coming months and be more persistent than expected – will be far greater than what the central bank has acknowledged so far . That means higher unemployment and an increased likelihood of a recession next year, they warned.

While Jay Powell, the chairman, conceded this week that achieving a so-called “soft landing” is becoming “more challenging”, he maintains that there are still ways to cool the economy to the point where inflation abates , but without causing excessive conjuncture damage.

The Fed has been heavily criticized for contributing in part to this problem by being too slow to tackle inflation last year, instead treating it as a “temporary” phenomenon that would resolve itself. By allowing price pressures to spiral out of control, the Fed is now having to act far more aggressively than it otherwise would have, its critics say, threatening the economic recovery.

Waller elaborated on those rulings on Saturday, admitting that some of the criteria the Fed set before it began tapering its monetary stimulus were too “restrictive.” Rather than reducing monetary accommodation “later and faster,” Waller said the Fed could potentially have done so “earlier and more gradually.”

The central bank is now poised to tighten the screws on monetary policy further, with Powell indicating it will maintain an aggressive pace until officials see “convincing evidence” that inflation is easing. That brings with it a set of slowing monthly inflation numbers.

For its next meeting in July, the chairman said the Fed would likely choose between a 0.50 or 0.75 percentage point hike, but some economists believe an even bigger move of a full percentage point isn’t entirely off the table.

Neel Kashkari, the dovish Minneapolis Fed President, said Friday he could support another 0.75 percentage point move next month but warned the central bank against doing “too much more frontloading.”

He said a “prudent strategy” could continue after the July meeting of half-point rate hikes “until inflation is on the way down to 2 percent.”

The weather will be nice for the Canadian Grand Prix. Luckily, because in a sport where every second counts, even the smallest drop of rain can make everything go wrong.

For Formula 1 Grand Prix drivers, the weather conditions at Circuit Gilles-Villeneuve today can make all the difference in the world. When you’re traveling at 350 km/h, the slightest rain shower or unexpected breeze can convince you or send you into the field. Nothing is left to chance for the FIA. It is important to know the minute-by-minute temperature, wind and rain data throughout the circuit in order to optimize teams’ strategies. Météo-France has entered into this exclusive four-year agreement to offer drivers consistent and accurate weather information at all Grands Prix around the world.

FORMULA ONE DRIVERS HAVE THEIR WEATHERMAN

Paul Abeillé, head of forecasts at Météo France Sports, a division of Météo-France that provides specialized sports services, is the weather forecaster and leader of the three-man team that landed in Montreal on Monday with tons of equipment.

Why is Météo-France the organization responsible for the weather forecasts for the Montreal Grand Prix and not Environment Canada, MétéoMédia or others?

Météo-France is the weather service provider chosen by the FIA ​​to ensure a consistent quality of weather service at all Grand Prix events throughout the year. Through this contract, the International Automobile Federation (FIA) aims to develop technical processes and decision-making with a single supplier for all competitions. In addition to weather forecasting, we install observation systems, high-resolution radars and computer systems. The FIA ​​​​and the teams have therefore identified an identical solution and contact person at all GPs. Obviously, Canadian forecasters are the best experts in their field, but Formula 1 requires different specialties. And we develop that. Our forecasters are selected and trained to respond to this approach, being able to work anywhere in the world in very different climates, under pressure, very quickly and with specific expectations. As a sports forecaster, you need to know the inner workings of the sports you work for. It’s an exciting job.

What is the most critical weather element for the GP?

Everything is important in Formula 1. We chase the hundredth of a second everywhere, even in bad weather. Precipitation, more precisely the influence on the route, is crucial. It generally takes between 1 minute 15 and 1 minute 30 to complete a lap. A 5 second forecast error with the onset of rain and its impact on the track and the consequences are huge. It is also very important to predict the end of the rain because from there the strategists will adapt the tire change to the drying of the track and the safety issues for the driver. We always have to keep that in mind. Temperature is the primary and arguably most determining factor in engine performance. In a Formula 1 we are constantly cooling certain parts of the car and heating others. Air temperature has a major impact on maintaining the optimum tire temperature window, but also on fuel efficiency, comfort and performance for drivers and mechanics. The materials for the headrests are also selected depending on the temperature in order to offer the pilot the greatest possible safety. The wind obviously has an impact on the aerodynamic behavior of the car. The best pilots use wind information in their piloting. We could also mention the atmospheric pressure that affects the performance of the engine. In Mexico City, at an altitude of 2200 m, this is a fundamental parameter.

Canada is the coldest country for a Grand Prix. How does Montreal’s climate affect a Formula 1 Grand Prix compared to those in hot countries?

Each circuit has its peculiarities. Gilles-Villeneuve circuit is not known as a particularly hot circuit compared to circuits like Budapest in July or circuits in the Middle East. But June temperatures in Montreal don’t pose too many problems. In Belgium, at Spa Francorchamps, or in Germany, at the Nürburgring, or even under certain conditions in Austin, Texas, there can also be very cold days. The Grand Prix season lasts from February to November. So our team sees different climate zones from one place to another in the world. Here the color of the track is quite specific compared to the other tracks, rather light gray, which avoids too high track temperatures.

What kind of meteorological instruments do you install on the circuit?

We install 3 measuring stations on the circuit to measure temperature, humidity, precipitation, pressure and wind. And a track temperature sensor that allows us to refine our forecasts but also allows the teams, who receive real-time data on site and at the factory, to follow the car’s behavior and work on their strategy. Finally, we install a high-resolution radar for precipitation. It allows us to measure and forecast the rain over the area with an accuracy of 100 m and 1 minute. For comparison: A classic radar like that of Environment Canada provides information accurate to the kilometer, which is not compatible with the requirements of Formula 1. These high resolution radars make it possible to anticipate stormy disasters like Thursday night! (laughs)

Of course, for the forecast we use the weather forecast models used in Météo-France because we know their behavior well, especially the European model, which works very well worldwide. But depending on the country we are in we use what is available on the networks e.g. B. German, American or Canadian forecast models.

Do you have anecdotes about weather-related problems during a GP?

As soon as it rains, the stress and adrenaline in the paddock rises, the media and the public get carried away. The strategy is then changed very quickly. The cards are being reshuffled and the midfielders have their chances. Once, in Budapest, there was a very short window of time between two riders before the rain started. Mercedes got Lewis Hamilton out first and he was able to complete his lap. But the others waited a round. It all happened in 2 or 3 seconds. They drove in the rain and Mercedes won despite being the favourite. I also remember a Bahrain GP where Lewis Hamilton spectacularly overtook Sebastian Vettel, taking advantage of having the wind in front of him on a precise corner. This enabled him to delay his braking as much as possible and take the lead. Chasing hundredths of a second becomes even on all elements of the sky, even in a breath of air… It becomes almost poetic and that is what makes this sport so fascinating.

► To check the weather, click here.

Since that long summer weekend also falls on Father’s Day, that means there’s a lot of travel to be done.

According to statistics from the Transportation Security Administration, the Friday before June 16 was the most popular air travel day of 2022. Airports have not been this crowded since Thanksgiving 2021.

TSA officials said they screened about 2,438,784 people at airport security checkpoints nationwide Friday, the highest checkpoint volume since Nov. 28, the Sunday after Thanksgiving. That was also about 100,000 more travelers than on the Friday before Memorial Day weekend.

“Welcome to the June 16 Travel Weekend!” TSA spokeswoman Lisa Farbstein wrote on Twitter.

While June 16 became an official holiday last year, this is the first year that the US stock exchange and banks have closed in honor.

The surge in numbers could not have come at a worse time for US airlines. A combination of inclement weather, staff shortages and infrastructure problems has meant major airlines are struggling to keep up with the surge in travel. Nearly 9,000 flights were delayed within the US on Friday and one more 1,500 flights were canceled according to data group FlightAware. The spike in delays and cancellations comes just a day after Transport Secretary Pete Buttigieg met with airline CEOs to discuss ways to improve performance and operations ahead of another expected surge in travel on the July 4 holiday. Around Over the Memorial Day weekend, 2,700 flights were canceled. Major airlines are already canceling more flights as a precaution as the busy summer season heats up. Southwest Airlines canceled nearly 20,000 flights between June and Labor Day and is struggling to hire the 10,000 new workers it says it needs to meet demand. “I go through the Whataburger drive-thru and pay and get my bag and there’s an application pinned to the bag,” Southwest CEO Robert Jordan joked to the Dallas Morning News last year about the difficulty in finding applicants. “It has come to this.”

Delta said it will cancel 100 daily flights in the United States and Latin America from July 1 to August 7. In an open letter to customers, Delta pilots wrote that the labor shortage has caused them to work more overtime this year than all of 2018 and 2019 combined.

“The pilot shortage in the industry is real, and most airlines just aren’t going to hit their capacity plans because there simply aren’t enough pilots, at least not for the next five years,” United Airlines CEO Scott Kirby said during the quarterly Airline conference call in April.

Unions representing pilots at Delta, American and Southwest say airlines got themselves into the current situation by refusing to replace pilots who retired and took furloughs at the height of the pandemic, when air travel collapsed. About 8,000 new commercial pilots received certificates last year, according to pilot unions, and they say there should be no shortage. The current narrative of service cuts, they claim, is being used by companies to justify cuts in training and security requirements that will increase profit margins.

Some US senators are taking note. “While some flight cancellations are inevitable, the sheer number of delays and cancellations over the past weekend are raising questions about airline decision-making,” Senators Richard Blumenthal and Edward Markey wrote in a letter to Buttigieg earlier this month.

One of the US Federal Reserve’s (Fed) governors said on Saturday he was in favor of another interest rate hike of three quarters of a point at the next meeting in late July if the data develops as he suspects.

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The Fed on Wednesday made its biggest rate hike since 1994, raising it by three-quarters of a percentage point amid high inflation.

“If the next few data are what I expect, I will support a similarly large move at our July meeting,” Fed Governor Christopher Waller said July 26-27 during a speech in Dallas, Texas, before the Society for Computational Economics .

The institution’s president, Jerome Powell, had warned that another increase of this magnitude could be expected in July.

The institution abruptly cut its interest rates in a range of 0% to 0.25% in March 2020 to support the economy amid the threat of the COVID-19 pandemic.

It started in March 2022, first raising it by a quarter point, then by half a point in early May, and finally by another three-quarters of a point on Wednesday.

But before starting this move, it wanted to halt its asset purchases – government bonds and mortgage-backed bonds – that had allowed the market to be flooded with liquidity during the crisis.

Because the institution aims to communicate its intentions widely in advance to avoid panicking the markets.

“Concerns about the functioning of financial markets (…) generally limit the rate of reduction” in purchases, Waller acknowledged, which prevented the Fed from starting to raise interest rates sooner to stem the rise in inflation.

He also regretted that the criteria set by the Fed for the start of monetary tightening, namely full employment and inflation on the way to a moderate and sustained breach of 2%, also did not allow for this flexibility.

“A less restrictive reduction criterion would have allowed greater flexibility to reduce ‘earlier and more gradually’, as opposed to the relatively ‘later and faster’ approach that (eventually) materialized,” he detailed.

Musk spoke at his first meeting with Twitter employees on a range of topics, including remote work and whether he will become CEO of Twitter. Jim Watson/Getty Images

• Elon Musk first addressed Twitter employees in a one-hour meeting on Thursday.

• He said he doesn’t care about being CEO of Twitter but expects people to listen to him anyway.

• “I just want to make sure the product develops quickly and well,” he added.

In his first meeting with Twitter employees this week, Elon Musk said he doesn’t care about being the company’s CEO.

“There are many responsibilities of being a CEO. And I just want to make sure the product moves quickly and in a good way,” Musk said in a replay of the hour-long meeting, reviewed by Insider.

“I don’t really care about the title. But people have to listen to me,” he added.

The billionaire has expressed a similar philosophy on leadership titles at his companies SpaceX and Tesla. In March 2021, Musk dubbed himself “Techno King” and Chief Financial Officer Zach Kirkhorn “Master of Coin,” official SEC filings show.

“All these other titles are basically just made up,” Musk previously told The Wall Street Journal’s 2021 CEO Council Summit. “So CEO is a made-up title, CFO is a made-up title, General Counsel … They don’t mean anything.”

At SpaceX and Tesla, Musk is more concerned with engineering and production than the administrative and operational responsibilities that typically accompany the CEO title, he explained at Thursday’s Twitter all-hands meeting. If Musk’s deal to buy Twitter goes through, the billionaire wants to focus his attention on the app’s “software and product design.”

“When I say, ‘Hey, we need to improve the product like this and add these features,’ then I expect people to listen to me in that regard,” he told Twitter employees.

Read the original article on Business Insider

Today, CDC Director Rochelle P. Walensky, MD, MPH, endorsed the Advisory Committee on Immunization Practices (ACIP) recommendation that all children ages 6 months to 5 years should receive a COVID-19 vaccine. This expands immunization eligibility to nearly 20 million additional children and means all Americans ages 6 months and older are now eligible for vaccination.

Parents and caregivers can now have their children aged 6 months to 5 years vaccinated with the Pfizer-BioNTech or Moderna vaccines to better protect them from COVID-19. All children, including children who already have COVID-19, should be vaccinated.

COVID-19 vaccines have been, and will continue to be, subjected to the most intense security surveillance in U.S. history. Parents and caregivers can play an active role in monitoring the safety of these vaccines by enrolling their children in v-safe — personalized and confidential health checks via text messages and web surveys that allow them to easily tell CDC how a child is feeling afterwards get a COVID-19 vaccine.

Distribution of pediatric vaccines for these younger children has begun across the country and will be available this week at thousands of pediatric surgeries, pharmacies, state-qualified health centers, local health departments, clinics and other locations. Children in this younger age group can be vaccinated with any available vaccine (either Moderna or Pfizer-BioNTech). Parents can contact their doctor, nurse, local pharmacy, or health department, or visit impfen.gov to see where vaccines for children are available.

The following is CDC Director Dr. Attributed to Rochelle P. Walensky:   

“Together with the science at the forefront, we have taken another important step forward in our nation’s fight against COVID-19. We know millions of parents and carers are anxious to get their young children vaccinated and today’s decision enables them to do so. I encourage parents and carers to contact their doctor, nurse or local pharmacist with any questions they may have to learn more about the benefits of vaccination and the importance of protecting their children through vaccination.”