Connect with us

Economics

Americans converge on the path of totality to experience the solar eclipse

Published

on

The sun rises behind the Empire State Building on the day of the solar eclipse in New York City on April 8, 2024, as seen from Jersey City, New Jersey. 

Gary Hershorn | Corbis News | Getty Images

Today marks a total solar eclipse that is expected to cross the United States as millions of Americans try to position themselves in the path of totality to capture this celestial moment. The next time an eclipse of this magnitude will cross the U.S. will be on Aug. 23, 2044. Towns in the path of totality are preparing for an influx of people vying for the ultimate viewing experience and providing an economic boon.

Bloomington, Indiana

Signage advertising the total solar eclipse in Bloomington, Indiana, US, on Sunday, April 7, 2024. 

Chet Strange | Bloomberg | Getty Images

Houlton, Maine

\Visitors look through a pair of oversized eclipse glasses set up in the town square on April 07, 2024, in Houlton, Maine. 

Joe Raedle | Getty Images

Cheryll Simmons-Heit, wearing a moon, and Johanna Johnston, wearing a sun, participate in the Solar Sprint 3k on April 07, 2024 in Houlton, Maine. 

Joe Raedle | Getty Images News | Getty Images

Dawn MacDonald (R), the owner of Crowe’s Tattoos, places an eclipse tattoo on the arm of Morgan Flewelling (L) on April 07, 2024, in Houlton, Maine. 

Joe Raedle | Getty Images

Miriam Toy (L) and Oliver Toy share a pair of eclipse glasses that NASA was handing out as they await the eclipse on April 08, 2024, in Houlton, Maine. 

Joe Raedle | Getty Images

Fredericksburg, Texas

A sign displaying ‘No School’ is seen at Fredericksburg middle school ahead of the total solar eclipse on April 07, 2024 in Fredericksburg, Texas. 

Brandon Bell | Getty Images

Carbondale, Illinois

Eclipse-themed T-shirts are offered for sale at a science fair at Southern Illinois University on April 07, 2024 in Carbondale, Illinois. 

Scott Olson | Getty Images

People gather in a field on the campus of Southern Illinois University to prepare for the start of the total eclipse on April 08, 2024 in Carbondale, Illinois.

Scott Olson | Getty Images

Orlando, Florida

Special OREO donuts from Krispy Kreme are shown in a picture illustration in Orlando. The celestial-themed donuts went on sale today to celebrate the total solar eclipse on April 8, 2024. 

Paul Hennessy | Lightrocket | Getty Images

Pinchneyville, Illinois

Solar eclipse t-shirts are offered for sale at Audra’s Footprint on April 05, 2024 in Pinckneyville, Illinois. 

Scott Olson | Getty Images

Makanda, Illinois

Brittany Sunderman and Gianna Debenham, 6, from Effingham, Illinois, and other members of the Debenham family who travelled from Utah and Las Vegas to experience the total solar eclipse together, try out their eclipse viewing glasses at their campsite a day ahead of the event at Camp Carew in Makanda, Illinois, U.S., April 7, 2024.

Evelyn Hockstein | Reuters

Niagara Falls, Ontario

People sit next to the Horseshoe Falls in Niagara Falls, Ontario, Canada, on April 8, 2024 as they prepare for the total eclipse which is set to pass over the region later in the day. 

Geoff Robins | AFP | Getty Images

Some of the 309 people gathered to break the Guinness World Record for the largest group of people dressed as the sun pose on a sightseeing boat, before the total solar eclipse in Niagara Falls, Ontario, Canada April 8, 2024. 

Jenna Zucker | Reuters

Russellville, Arkansas

A youngster looks at the sun through binoculars at the Total Eclipse of the Heart festival on April 8, 2024 in Russellville, Arkansas.

Mario Tama | Getty Images

Wapakoneta, Ohio

Thousands of people descend on the Neil Armstrong Air and Space Museum to view the total solar eclipse on April 8, 2024 in Wapakoneta, Ohio. 

Matthew Hatcher | Getty Images

New York City

People gather on the observation deck of Edge at Hudson Yards before a partial solar eclipse in New York City, New York, U.S., April 8, 2024. 

Eduardo Munoz | Reuters

Mazatlan, Mexico

A youngster and a woman prepare their telescopes as people gather and wait to observe a total solar eclipse in Mazatlan, Mexico April 8, 2024.

Henry Romero | Reuters

Economics

UK inflation September 2024

Published

on

The Canary Wharf business district is seen in the distance behind autumnal leaves on October 09, 2024 in London, United Kingdom.

Dan Kitwood | Getty Images News | Getty Images

LONDON — Inflation in the U.K. dropped sharply to 1.7% in September, the Office for National Statistics said Wednesday.

Economists polled by Reuters had expected the headline rate to come in at a higher 1.9% for the month, in the first dip of the print below the Bank of England’s 2% target since April 2021.

Inflation has been hovering around that level for the last four months, and came in at 2.2% in August.

Core inflation, which excludes energy, food, alcohol and tobacco, came in at 3.2% for the month, down from 3.6% in August and below the 3.4% forecast of a Reuters poll.

Price rises in the services sector, the dominant portion of the U.K. economy, eased significantly to 4.9% last month from 5.6% in August, now hitting its lowest rate since May 2022.

Core and services inflation are key watch points for Bank of England policymakers as they mull whether to cut interest rates again at their November meeting.

As of Wednesday morning, market pricing put an 80% probability on a November rate cut ahead of the latest inflation print. Analysts on Tuesday said lower wage growth reported by the ONS this week had supported the case for a cut. The BOE reduced its key rate by 25 basis points in August before holding in September.

Within the broader European region, inflation in the euro zone dipped below the European Central Bank’s 2% target last month, hitting 1.8%, according to the latest data.

This is a breaking news story and will be updated shortly.

Continue Reading

Economics

Why Larry Hogan’s long-odds bid for a Senate seat matters

Published

on

FEW REPUBLICAN politicians differ more from Donald Trump than Larry Hogan, the GOP Senate candidate in Maryland. Consider the contrasts between a Trump rally and a Hogan event. Whereas Mr Trump prefers to take the stage and riff in front of packed arenas, Mr Hogan spent a recent Friday night chatting with locals at a waterfront wedding venue in Baltimore County. Mr Hogan’s stump speech, at around ten minutes, felt as long as a single off-script Trump tangent. Mr Trump delights in defying his advisers; Mr Hogan fastidiously sticks to talking points about bipartisanship, good governance and overcoming tough odds. Put another way, Mr Hogan’s campaign is something Mr Trump is rarely accused of being: boring. But it is intriguing.

Continue Reading

Economics

Polarisation by education is remaking American politics

Published

on

DEPENDING ON where exactly you find yourself, western Pennsylvania can feel Appalachian, Midwestern, booming or downtrodden. No matter where, however, this part of the state feels like the centre of the American political universe. Since she became the presumptive Democratic presidential nominee, Kamala Harris has visited Western Pennsylvania six times—more often than Philadelphia, on the other side of the state. She will mark her seventh on a trip on October 14th, to the small city of Erie, where Donald Trump also held a rally recently. Democratic grandees flit through Pittsburgh regularly. It is where Ms Harris chose to unveil the details of her economic agenda, and it is where Barack Obama visited on October 10th to deliver encouragement and mild chastisement. “Do not just sit back and hope for the best,” he admonished. “Get off your couch and vote.”

Continue Reading

Trending