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Japan Nationwide Inflation Rises 0.3% On Year In July

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(RTTNews) - Nationwide consumer prices in Japan were up 0.3 percent on year in July, the Ministry of Internal Affairs and Communications said on Friday - in line with expectations and up from 0.1 percent in June. Core CPI, which excludes volatile food costs, came in flat on year - shy of expectations for an increase of 0.1 percent but unchanged from the previous month. On a seasonally adjusted monthly basis, overall consumer prices were up 0.2 percent and core consumer prices gained 0.1 percent. To keep reading about Japan Nationwide Inflation Rises 0.3% On Year In July, Click on the link. Seoul, Korea http://dlvr.it/Rf2wyz

'We're trapped': Californians now face the dual nightmare of wildfires and a pandemic

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A convoy of emergency vehicles drives along an emptied Interstate 80 during the LNU Lighting Complex Fire on the outskirts of Vacaville, California, U.S., August 19, 2020. Stephen Lam | Reuters Kena Hudson's 7-year-old son Clarence has asthma that's sometimes landed him in the hospital. Typically, when wildfire season starts in Northern California, he'll stay indoors but continue to see friends and attend school.  This year, a record spell of wildfires is blanketing much of the state in smoke. Facing a dual threat of reduced air quality coupled with a coronavirus pandemic, Clarence will have to stay indoors around-the-clock.  "We're in a pandemic and a heat wave, and we don't have air conditioning," said Hudson, who's based in Oakland, where temperatures are usually mild. "We can't open up the window, we're trapped, we're hot and no one can come over to play." Californians across the state are now facing a crisis across multiple f

AACC Welcomes HHS Decision to Clarify Federal Regulation of Laboratory Developed Tests

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WASHINGTON, Aug. 20, 2020 /PRNewswire/ -- Statement attributable to:David G. Grenache, PhDPresident, American Association for Clinical Chemistry "AACC welcomes a decision from the Department of Health and Human Services that the Food and Drug Administration does not have authority to regulate laboratory developed tests (LDTs) without formal notice-and-comment rulemaking. Led by highly educated, board-certified laboratory directors—many of whom are AACC members—laboratories that perform LDTs already meet stringent regulatory requirements under the Clinical Laboratory Improvement Amendments. These regulations assure only scientifically valid, high quality services are provided to patients. "LDTs are critical in our nation's healthcare enterprise. It was CLIA-regulated laboratories that developed, validated, and performed LDTs for COVID-19 before commercially marketed tests became available. Unlike commercial test kits sold by manufacturers to various healthcare entities, la

Jobless claims rise to 1.1 million as coronavirus total tops 57 million

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Some 1.1 million Americans filed applications for unemployment benefits last week, driving the total for the coronavirus pandemic above 57 million as the labor market struggled toward recovery. Seasonally adjusted initial jobless claims rose above 1 million after falling below that level the prior week for the first time in five months, the latest US Department of Labor data show. Continuing claims measuring sustained joblessness on a one-week lag dropped to about 14.8 million in the week ending Aug. 8, the feds said Thursday, an encouraging sign that more Americans are leaving unemployment rolls. But new filings have stayed far above any level recorded before the pandemic despite steadily falling from their peak of 6.8 million. The latest figures show roughly 57.4 million initial claims filed since mid-March — more than the combined populations of Texas and Florida. “The favorable direction of travel still leaves the job market well short of a healthy destination,” Bloomberg econo

Big Tech’s domination of business reaches new heights in the pandemic

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The tech companies' dominance of the stock market is propelled by their unprecedented reach into our lives, shaping how we work, communicate, shop and relax. That has only deepened during the pandemic, and as people shop more frequently on Amazon, click on a Google or Facebook ad or pay up for an iPhone, the companies receive a greater share of spending in the economy and earn ever larger profits. This is why investors have flocked to those stocks this year at the expense of the scores of companies struggling in the health crisis and are betting that their position will be unassailable for years. "COVID was the perfect positive storm for these guys," said Thomas Philippon, a professor of finance at New York University. The tech companies' dominance of the stock market is propelled by their unprecedented reach into our lives, shaping how we work, communicate, shop and relax. That has only deepened during the pandemic. The companies' deeper encroachment into America

Goodyear tumbles 6% after Trump tweets to boycott the company over MAGA hat ban (GT)

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Elise Amendola/AP Goodyear Tire & Rubber Co. dropped as much as 6% on Wednesday after President Trump tweeted to his 85 million followers to boycott Goodyear tires. Trump's tweet was likely sparked by an image that was shared on social media earlier this week that supposedly shows a slide of an employee training presentation at Goodyear outlining that "MAGA attire" is considered unacceptable at the workplace. President Trump tweeted, "Don't buy GOODYEAR TIRES - They announced a BAN ON MAGA HATS." Visit Business Insider's homepage for more stories. President Donald Trump is no longer a fan of Goodyear Tire & Rubber Co., if a boycott tweet he sent to his 85 million followers on Wednesday is any indication. At 10:33 a.m., Trump tweeted, "Don't buy GOODYEAR TIRES - They announced a BAN ON MAGA HATS. Get better tires for far less! (This is what the Radical Left Democrats do. Two can play the same game, and we have to start playing it now!).&q

Steward Partners Welcomes New Advisors, Opens New Office in Pennsylvania

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ALBANY, N.Y. and BOSTON and CONSHOHOCKEN, Pa. and KEENE, N.H., Aug. 19, 2020 /PRNewswire/ -- Steward Partners Global Advisory, LLC, an employee-owned, full-service independent partnership associated with Raymond James Financial Services, Inc. (member FINRA/SIPC), today announced the addition of Jason Hevey in Boston, Ed Morenz in Keene, NH, and Kevin Dubner, CLTC®, in Albany, NY. The firm also announced the opening of its newest office in Conshohocken, PA, expanding the firm's Philadelphia presence from its recent temporary location in nearby Plymouth Meeting. Also, joining the new office in Pennsylvania today is Dean Rosini and Jeffrey Lazarus. Collectively, the new advisors bring $491 million in assets under management. Jason Hevey has joined as a Director from Morgan Stanley Smith Barney, where he specialized in high net worth financial planning and oversaw more than $123 million in client assets. Within his practice, Jason helps clients reach lifestyle and legacy goals through