Wednesday, November 2, 2022

The Fed did it, again

Another big interest rate hike from the Federal Reserve. It's Wednesday's news. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
usatoday.com

The Short List
 
Wednesday, November 2
Traders work on the floor at the New York Stock Exchange as the Federal Reserve makes an announcement regarding interest rates in New York, Wednesday, Nov. 2, 2022.
The Fed did it, again
Another big interest rate hike from the Federal Reserve. It's Wednesday's news.

The Federal Reserve orders another big interest rate hike. Hurricane season: It ain't over 'til it's over. A couple of new storms are churning in the Atlantic basin. And bust out the crayons – we're looking for your "I Voted" sticker designs!

👋 Hello! Laura Davis here. Ready for the news? You just hit the jackpot.

But first, Wednesday's Powerball is up to $1.2 billion. Are you playing? Good luck! Rex Huppke – our resident satire columnist and apparently possessor of the world's most finely sculpted man-calves – has already declared himself the winner of the jackpot, and said anybody who disagrees is just gonna get sued. The drama.  Read more of Rex's thoughts here.

The Short List is a snappy USA TODAY news roundup. Subscribe to the newsletter here or text messages here.

🎤 The president's got something to say: Amid growing fears about political violence and a refusal to accept election results, President Joe Biden on Wednesday will give a speech to amplify his argument that democracy itself is at stake in the midterms. Biden is set to speak at 7 p.m. EDT.  Here's how to tune in.

Fed hikes interest rate (again)

In an effort to beat back inflation, the Federal Reserve plowed ahead with a fourth straight historically large interest rate hike Wednesday. The key short-term rate was raised by three-quarters of a percentage point to a range of 3.75% to 4%, a "restrictive" level intended to further slow an already wobbly economy. But as the Fed's campaign increasingly risks a recession next year, the question now is: Will it dial back the hikes in December, or wait until inflation shows clear signs of abating? Fed Chair Jerome Powell said the pace could slow, but "it's very premature to be thinking about pausing. We have a ways to go." How will it affect you? Here's everything we know.

How another supersized rate hike may shake up your finances.
How to fix high inflation and weak growth? Boost worker productivity.
Federal Reserve Chairman Jerome Powell speaks at a news conference following a Federal Open Market Committee meeting, Wednesday, Nov. 2, 2022, in Washington.
Federal Reserve Chairman Jerome Powell speaks at a news conference following a Federal Open Market Committee meeting, Wednesday, Nov. 2, 2022, in Washington.
Patrick Semansky, AP

Pair of late-season hurricanes forms in the Atlantic

Hello Lisa. Hello Martin. Two Atlantic storms strengthened into Category 1 hurricanes Wednesday with just a few weeks left in the 2022 hurricane season. Hurricane Martin in the northern Atlantic will pose no threat to land. Effects from Lisa were expected to arrive in Central America by Wednesday afternoon, according to the National Hurricane Center. It's somewhat rare for late-season hurricanes to form, but experts predict at least one more tropical cyclone before the season officially ends on Nov. 30. What does it mean for the rest of the year

Two hurricanes were in the Atlantic on November 2, 2022.
Two hurricanes were in the Atlantic on November 2, 2022.
National Hurricane Center

What everyone's talking about

Starbucks holiday drinks are back: Take a peek at new cups, menu.
Are you an empath? Get a deeper understanding of the personality type.
Fill out your bucket list: World's best travel destinations for 2023.
Political theater vs. daily survival: Inside the dire situation facing migrants bused across U.S.

The Short List is free, but several stories we link to are subscriber-only. Consider supporting our journalism and become a USA TODAY digital subscriber today.

Takeoff was killed, and people recorded it. Where's the empathy?

On Tuesday morning, Migos rapper Takeoff was killed during a Houston shooting – a moment that was recorded, posted and even shared by media outlets like TMZ. When it comes to celebrity deaths, the instinct for some people is to treat the news as entertainment. Takeoff was an influential and popular musician, but he was also a human being who deserves respect and compassion. Most people would never record the death of a stranger, let alone someone they know. So why do we feel more comfortable consuming famous people's tragedies? Keep reading.

Remembering Takeoff: 'A true student of Hip Hop.' A look at his legacy.
Deion Sanders won't let Jackson State football players leave Houston hotel after Takeoff's death.
LOS ANGELES, CALIFORNIA - SEPTEMBER 25: Takeoff of Migos performs onstage during Global Citizen Live on September 25, 2021 in Los Angeles, California. (Photo by Rich Fury/Getty Images for Global Citizen)
Takeoff of Migos performs onstage during Global Citizen Live on Sept. 25, 2021, in Los Angeles. The rapper was killed Tuesday in a shooting in Houston.
Rich Fury, Getty Images for Global Citizen

Farm contractors used by Georgia senator tied to a major human trafficking case

Russ Goodman, a Georgia state senator running for reelection as a farmer who wants to "plow the field for a brighter future," has routinely hired a family of farm labor contractors who have a history of labor violations and are linked to a human trafficking investigation known as Operation Blooming Onion – one of the largest criminal cases ever prosecuted concerning labor trafficking of foreign farmworkers. Goodman told USA TODAY in an email that he wasn't aware of the connection and had never witnessed or heard anything that would indicate there were any issues with the farm's contractors.  Keep reading.

An old Cogdell store sits at the entrance of the Cogdell Berry Farm in Clinch County, Georgia.
An old Cogdell store sits at the entrance of the Cogdell Berry Farm in Clinch County, Ga.
Richard Burkhart/USA Today Network

Real quick

Parkland school shooter formally sentenced to life in prison, concluding a lengthy and painful trial.
Former Apple employee admits to defrauding company of $17M.
Witness: Oath Keepers leader tried to message Trump after Jan. 6.
SCOTUS arguments interrupted by protesters opposed to abortion ruling.
Commanders' Dan Snyder hires bank to 'consider potential transactions.'
Man pretended to be Stanford student, lived on campus for nearly a year.
Russian generals reportedly discuss using nuclear weapons in Ukraine.
Country music star Tim McGraw – son of Phillies legend Tug McGraw – wore his dad's jersey to the World Series.

🌤 What's the weather up to in your neck of the woods? Check your local forecast here.

Ever wanted to create your own 'I Voted' sticker design? Now's your chance.

The midterm elections are just under a week away – and I think the "I Voted" stickers are getting a little stale. Don't you? Let's design our own!

We're looking for your designs for "I Voted" stickers! You don't actually win anything, except for my eternal respect – but you could see your design in a future newsletter and on Twitter and Instagram. And isn't it everyone's dream to see their artwork posted on social media by a national news organization?

Just a few rules:

It must be a truly original design by you – no stock artwork, please!
Designs must be nonpartisan.
Your sticker must include the words "I voted" somewhere.
Please – nothing vulgar, violent, or graphic.

So put that creative brain to work: Bust out the crayons, fire up a graphic design program – or just doodle something on your phone or tablet! Whether you're an aspiring Picasso or just love to participate when newsletters ask for something weird, we're so excited to see what you'll create.

👉 Go here to submit your design! 👈

We'll collect your submissions until Monday, Nov. 7. Look for them in our newsletters and social media on Election Day: Tuesday, Nov. 8.

Need inspiration? Check out this psychedelic head with legs that won a contest in New York.
If you have any questions, reach out to me at theshortlist@usatoday.com – or just reply to this email.
These designs are the finalists for Ulster County's "I Voted" sticker contest.
These designs are the finalists for Ulster County's "I Voted" sticker contest.
Ulster County Board of Elections

A break from the news

💉 Getting a flu shot? Here's what you need for side effects.
💌 Are you looking for sex or intimacy? There's a difference.
🥺 Watch: Little boy tells adoption court how much he adores his new mom.

Laura L. Davis is an Audience Editor at USA TODAY. Send her an email at laura@usatoday.com or follow along with her adventures – and misadventures – on Twitter. Support quality journalism like this?  Subscribe to USA TODAY here.

This is a compilation of stories from across the USA TODAY Network. Want this news roundup in your inbox every night? Subscribe to the newsletter here or text messages here.

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