In the fifth installment of El American’s Mid-Week Update, the space dedicated to refreshing the most relevant news of the week, Priscila Guinovart talks to us about inflation and oil prices, Hispanic Heritage Month, the Southwest Airlines crisis, the increase in the price of Bitcoin, Prince William’s statements and other topics.
Inflation and gasoline prices
The rise in inflation has become more evident in the last two months. In September alone, food and energy prices rose by 0.8% and 1.2%, respectively. On the other hand, the price of crude oil in the United States exceeds $80 per barrel, the highest since 2014.
Hispanic Heritage Month
Hispanic Heritage Month is celebrated annually from September 15 to October 15 in the United States to recognize the influence of Hispanic Americans on the history, culture, and achievements of this country.
At El American, we celebrate this occasion with special reports that reveal the fundamental role of Latinos in the United States.
As our analyst Juan Felipe Velez explains, from 2012 to 2017, in 45 of the 50 American states, the number of Latino businesses grew at a higher rate compared to other demographic groups.
The first half of October was chaotic for Southwest Airlines, which was forced to cancel 30% of its flights.
Although the company initially claimed that the problems were due to air traffic control and bad weather, other carriers were not initially affected.
Texas Republican Senator Ted Cruz suggested that it is Biden’s vaccination mandate that is giving the airline headaches.
Our analyst Daniel Chang explores the reasons behind Southwest Airlines’ cancellations in an illustrative article.
Bitcoin just keeps rising: it surpassed $60,000 and hit a six-month high, approaching its April record high.
Chinese real estate company Evergrande suffered another setback. This is due to the failure of negotiations for the purchase of its headquarters building in Hong Kong.
Evergrande faces serious liquidity problems and has been struggling to divest some assets to pay its creditors.
Jerome Powell remains the favorite to be renominated as chairman of the National Reserve, according to the online betting site PredictIt.
Powell has 76% favorability compared to 18% for Democrat Lael Brainard, nominated by Barack Obama in 2014. President Biden has not yet made a decision, although there is speculation that many of his advisors are Powell supporters.
William Shatner goes to the space
Canadian actor and producer William Shatner went to space last October 13 in a capsule of Jeff Bezos’ Blue Origin. Shatner, 90, is known for having played the famous Captain Kirk in Star Trek.
Prince William’s intervention
From one William, we move on to another. Prince William criticized, without naming names, space travel by billionaires and suggested that we should concentrate all our resources on “fixing” the problems here on Earth.
Astronaut Tim Peake referred to the future king’s statements and explained that space is absolutely relevant to our planet, since, he argued, “more than 50% of the data on climate change comes from space”.
Peake added that “some of the best rocket fuels are liquid hydrogen and liquid oxygen.”
Remember that every week, El American premieres a new episode of Mid-Week Update with the most relevant news of the last days.