International

US consumer confidence dips in November: survey

| By AFP |

US consumers were gloomier about the state of the American economy in November, likely due to a rise in gas prices and as recession risks loom, according to a survey released Tuesday.

The closely-watched consumer confidence index dipped to 100.2 in November, down two points from the month before, in a second straight month of decline, said think tank The Conference Board.

“Consumers’ expectations regarding the short-term outlook remained gloomy,” said Lynn Franco, senior director of economic indicators at The Conference Board.

The drop in consumer confidence this month, in line with analyst expectations, was “most likely prompted by the recent rise in gas prices,” she said.

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Data on consumers’ short-term outlook suggests the likelihood of a recession remains elevated as well.

“Inflation expectations increased to their highest level since July, with both gas and food prices as the main culprits,” Franco said.

Consumer inflation in the United States has been hovering at the highest level in decades, prompting the Federal Reserve to take aggressive steps to raise interest rates and cool the economy.

The central bank walks a tightrope trying to bring down surging costs while avoiding tipping the world’s biggest economy into a downturn.

For now, consumer intentions to buy homes, automobiles and big-ticket appliances have moderated.

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“The combination of inflation and interest rate hikes will continue to pose challenges to confidence and economic growth into early 2023,” Franco said.

But with inflation showing signs of easing and central bankers noting it would take time for policy effects to be realized, a growing number of voices including Fed officials have advocated for smaller steps in the coming months.

The consumer sentiment reading “remains depressed compared to pre-pandemic” levels, said economist Rubeela Farooqi of High Frequency Economics.

Overall, measures of sentiment “are sending a negative signal about household spending,” even if consumption continues to support growth for now, she added.

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International

Pilot killed and two Pennsylvania state troopers injured in mid-air collision

A pilot was killed and two Pennsylvania state police officers were injured when a Cessna 150 airplane collided with the helicopter they were traveling in during a routine training exercise at a regional airport in the state.

Pennsylvania Governor Josh Shapiro identified the officers as Corporal Bryce Corman and Trooper Jason Mills, members of the Pennsylvania State Police aviation unit. Both are expected to recover from their injuries, according to ABC.

The county coroner’s office identified the pilot as 57-year-old Paul Sokoloski.

George Bivens, acting commissioner of the Pennsylvania State Police, said the collision occurred at around 6:50 p.m. Wednesday. The helicopter was flying several feet above a grassy area near a runway at Carlisle Regional Airport when the small plane approached from behind.

According to investigators, the Cessna suddenly veered to the right moments before the collision, striking the helicopter’s tail rotor before also hitting its main rotor.

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The airplane crashed a short distance away and broke into several pieces, while the helicopter lost its tail and other components before crashing on its side.

Police said Corporal Corman opened a window and helped Trooper Mills escape from the helicopter because they feared the aircraft could catch fire.

The Federal Aviation Administration and the National Transportation Safety Board are investigating the circumstances surrounding the crash.

International

Argentina’s Milei Links Low Birth Rates to Abortion and Feminism

Argentine President Javier Milei on Thursday blamed feminism and the legalization of abortion for the country’s declining birth rate, arguing that the demographic trend is creating economic and pension-system challenges.

“We are paying a very high price for the madness of the green scarves,” Milei said during a speech at the Council of the Americas in Buenos Aires, referring to the symbol associated with the feminist movement and the campaign for legal abortion in Argentina.

According to Milei, Argentina is failing to reach the population growth and birth rates needed to maintain demographic replacement.

He also linked the decline in births to future challenges for the country’s pension system and workforce.

“That passion for killing children in the mother’s womb is costing us in terms of growth and pensions. It is also costing us in terms of human capital,” the president said.

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Milei has consistently opposed abortion, which has been legal in Argentina since 2020. The law was considered a major victory for the feminist movement across Latin America at the time of its approval.

In February 2024, lawmakers from Milei’s La Libertad Avanza (LLA) party introduced a bill seeking to repeal voluntary abortion legislation.

Under Argentina’s current law, abortion is legal, safe and free of charge up to the 14th week of pregnancy. After that period, it is permitted when the pregnancy poses a risk to the woman’s life or health, or when it resulted from rape.

Milei has repeatedly criticized abortion

The Argentine president has also criticized abortion and feminism in international forums. During his speech at the World Economic Forum in Davos in January 2024, he attacked the feminist movement and denounced what he described as the “bloody agenda of abortion.”

His latest comments come amid growing concerns over Argentina’s demographic outlook and the potential long-term effects of declining birth rates on economic growth, the labor force and social security.

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International

Virginia Police Arrest Salvadoran Man in Great Falls Woman’s Killing

Alexis Antonio Cedillos-Campos, 19, identified by federal officials as an undocumented immigrant from El Salvador, was arrested in connection with the death of Carmen Lizet Puch, 42, who was found dead Monday, the Fairfax County Police Department said.

Authorities said Cedillos-Campos and Puch were coworkers and were also involved in an “intimate relationship.”

“Our victim suffered numerous stab wounds in a truly brutal and indescribable manner,” Police Chief Kevin Davis said during a news conference Wednesday.

Investigators said surveillance video showed Cedillos-Campos at the restaurant where he and Puch worked, allegedly taking a fixed-blade knife, a pair of black latex gloves and a bottle of water before leaving.

“He left with the intent to harm and kill the victim,” Davis said.

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Cedillos-Campos was arrested Wednesday morning in Maryland and confessed to the killing, according to Davis. He is awaiting extradition to Virginia. Authorities have not said whether he has an attorney representing him.

The Department of Homeland Security said Cedillos-Campos had previously been arrested by U.S. Customs and Border Protection in 2024 after allegedly crossing the U.S.-Mexico border illegally near El Paso, Texas.