SUMMARY: The Federal Reserve has announced its first interest rate cut in four years, lowering rates by half a percentage point, signaling a shift in its approach to combating inflation, which has decreased significantly since its peak in 2022. This rate reduction could alleviate high borrowing costs for Americans on mortgages and credit cards. Local finance experts suggest that while immediate benefits might be subtle, businesses may find themselves with more capital for expansion, potentially leading to job creation as unemployment rises. A finance professor advises cautious optimism regarding the long-term effects of this rate cut on the economy.

U of A economic expert explains impact of key interest rate on businesses and jobs

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SUMMARY: A coordinated series of attacks targeting Hezbollah militants involved beepers that detonated in public areas, including grocery stores, injuring the Iranian Ambassador to Lebanon. This incident has severely undermined Hezbollah’s confidence in their communication security and the supply chain for their military operations. Initial investigations indicate that the beepers were tampered with and booby-trapped with explosives before reaching Lebanon. American officials suspect a Taiwanese company of supplying the devices, which the company claims were produced by a licensing partner in Hungary. This raises significant concerns about Hezbollah’s operational integrity and security.

Details on how the attack was executed are largely uncertain, as investigators try to piece together how it happened. Here’s what we know so far. (Via CBS).

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SUMMARY: On August 20th, the Assistant Public Works Director discovered a dead dog in a locked pen at the animal control shelter, where 32-year-old supervisor Kayla Barnes is responsible for the animals’ care. Authorities found 14 other dogs alive but without food or water. Barnes admitted she did not feed or hydrate the dogs, despite temperatures ranging from 70 to 100 degrees during two weekends in August. Subsequently, she was arrested and booked into the Sequoyah County Jail, though she has since been released. The case highlights serious neglect and raises concerns about animal welfare standards at the shelter.

The former animal control supervisor for the town of Roland, Oklahoma, was arrested and accused of animal cruelty.

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