Wednesday, May 3, 2023

Is the Fed's long rate hike blitz over?

Another rate hike from the Federal Reserve. And Russia says a drone attack on the Kremlin was an attempt to kill Putin. It's Wednesday's news.
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The Short List

Wed May 3 2023

 

Laura L. Davis  Audience Editor

@lauradavis

Another rate hike from the Federal Reserve. And Russia says a drone attack on the Kremlin was an attempt to kill its president.

👋 Well, hello there! Laura Davis here. It's time for Wednesday's news!

🐻 But first, a big bear scare! A school principal got a morning surprise when a black bear jumped out of a dumpster and sent him running. See the video here.

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

One last interest rate hike?

The Fed's most aggressive rate-hiking campaign  in 40 years may be history. The Federal Reserve raised its key short-term interest rate by a quarter percentage point Wednesday and signaled it could now pause if inflation continues to ease as expected. In a statement after a two-day meeting, the central bank removed previous guidance that "some additional policy firming (rate hikes) may be appropriate" to lower yearly inflation to its 2% target. Here's what you need to know.

How the latest hike affects you and the stock market.
The impact on mortgages, car loans: See how much more you pay today.

Instagram screenshot

Woman accused of hiding suspected killer of 5 in Texas

The man accused of killing five of his neighbors in rural Texas  was taken into custody Tuesday after a four-day search, authorities said, and a woman was arrested Wednesday on accusations that she was keeping him hidden. Officials said Divimara Lamar Nava, 53, previously denied knowing the whereabouts of suspected gunman Francisco Oropeza, 38, and was hiding him in the home near Conroe, Texas, where he was found. More updates.

👉 Developing now: Numerous law enforcement agencies were searching for a 24-year-old man suspected of fatally shooting one woman and injuring four others inside a waiting room at a hospital in Midtown Atlanta before carjacking a vehicle and fleeing the scene, police said. Live updates.

Ap Atlanta Shooting A Usa Ga

A multitude of law enforcement officials responded to the scene of active shooting in Midtown Atlanta on Wednesday.

Jeff Amy, AP

What everyone's talking about

Trump pitched fit, demanded reporter be removed over questions: 'Get him out of here.'
Maria Menounos reveals she beat pancreatic cancer after early detection.
They were flooded by online harassment and hatred. They didn't know a targeted campaign caused it.
Is all the anger and fury really about transgender rights? Maybe not.
Preventable medical errors kill thousands yearly. Is it getting any better?
Florida needs to get rid of some radioactive waste. The solution is on the roadways. | Opinion

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.

FDA approves world's first RSV vaccine

For the first time, a vaccine was approved to combat severe respiratory syncytial virus, or RSV. On Wednesday, the FDA approved Arexvy for adults 60 and older. In trials, the drug was 82% effective at preventing lower respiratory tract illness caused by RSV, and 94% effective in those who had at least one underlying medical condition. RSV infects nearly everyone by age 2 and typically causes cold symptoms, but it also strikes later in life, causing more than 177,000 hospitalizations and 14,000 deaths among older adults each year. What you need to know.

👉 More news in medicine: Eli Lilly says new Alzheimer's drug donanemab slows early stages of disease by 35%.

Was drone attack an attempt to kill Putin?

Early Wednesday, fragments of two Ukrainian drones slammed into the Kremlin, causing a fireball near the roof of the iconic building complex. In a statement, the Russian government vowed retaliation for what it characterized as an assassination attempt on Russian President Vladimir Putin, who was outside Moscow at the time. Ukrainian President Volodymyr Zelenskyy, who was meeting with Nordic leaders in Helsinki, denied any role. Here's the latest.

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Oleksandr Vashenko, 44, walks by an explosion crater as he carries a bag of bread to distribute it to his neighbors in Siversk, Donetsk region, Ukraine.

DIMITAR DILKOFF, AFP via Getty Images

A break from the news

🛩 Is airport lounge access worth it? Our airline reporter says: meh.
🤷‍♀️ wtm y'all? Get with the times and learn what the acronym 'wtm' means.
🌮 Friday is Cinco de Mayo! How to score cheap tacos, drinks and more.

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.

U.S. House Minority Leader Rep. Hakeem Jeffries, D-N.Y., speaks during a weekly news conference at the U.S. Capitol on April 28, 2023 in Washington, DC.

House Democrats are using a rare procedural move to bypass Republicans and force a vote to raise the nation's debt limit.

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Justin and Haydon Webster, the father and brother of Ivy Webster who was found dead Monday, visit the site where Ivy's body was found in Henryetta Okla., on Tuesday, May 2, 2023.
 

Who killed 7 people in Oklahoma home? Police aren't saying.

Okmulgee Police Chief Joe Prentice said no details surrounding the killings at an Oklahoma home will be released until after autopsies are completed.

Tucker Carlson, host of "Tucker Carlson Tonight," poses for photos in a Fox News Channel studio on March 2, 2017, in New York.
 

Capitol riot text may have cost Tucker Carlson his job, report says

Tucker Carlson lost Fox News job after texts that said Trump supporters beating a protester was "not how white men fight," The New York Times reports.

This file photo from Aug. 7, 2017 shows the United States' Tori Bowie gesturing to the crowd after receiving the gold medal that she won in the women's 100-meter final during the World Athletics Championships in London. Bowie, who won three Olympic medals at the 2016 Rio de Janeiro Games, died May 2, 2023 at the age of 32.
 

Three-time US Olympic medalist found dead at the age of 32

Tori Bowie won three medals at the 2016 Rio Games, including a gold as part of the women's 4x100 relay, in which she ran anchor.

Alexa Bartell, a 20-year-old woman from Arvada, Colo. who was killed when someone threw a rock through her windshield on April 19, 2023.
 

Murder charges for teens in Colorado rock-throwing death

The three teenagers have been formally charged with committing murder with extreme indifference and a dozen other counts.

Speaker of the House Kevin McCarthy, R-Calif., talks to reporters just after the Republican majority in the House narrowly passed a sweeping debt ceiling package as they try to push President Joe Biden into negotiations on federal spending, at the Capitol in Washington, Wednesday, April 26, 2023.
 

The heart of the debt ceiling crisis? MAGA and Marjorie Taylor Greene.

The ongoing debt ceiling standoff causing America to hurdle toward an economic crisis can be explained in three words: Marjorie Taylor Greene.

An attendee of SatanCon 2023 at Copley Place in Boston, Massachusetts, on April 28, 2023.
 

Go inside SatanCon, the world's 'largest gathering of Satanists'

At the world's 'largest gathering of Satanists' a Minister makes the case for why more people of color should consider joining.

A search and rescue operation for a fisherman who went missing in a national park in Queensland, Australia, on April 29, 2023, was called off several days after human remains were found inside two crocodiles.
 

Search for missing man called off after remains found in two crocodiles

A search and rescue operation for a missing Australian fisherman was stopped after officials say they discovered human remains in two crocodiles.

The scores of fourth- and eighth-grade American students testing in a national exam in reading and math declined significantly. Setbacks in mathematics were especially striking, with scores falling more than in any other year since the test - known as the National Assessment of Educational Progress or NAEP - was first administered in the early 1990s.    While there is no single explanation for the drop, experts attribute the historic decline primarily to the disruptions stemming from the pandemic, underscoring COVID-19's considerable toll,   far beyond public health. (Here is a look at    the best places to teach in America   .)     The share of fourth-graders considered to be proficient in math fel  l 5 perce  ntage points from 2019, the last time the test was administered. Eighth-grade math proficiency suffered even more, down 8 percentage points. This year, only 36% of fourth-graders and 26% of eighth-graders were proficient in math - and in some states, proficiency rates were far lower.     Using data from the NAEP, 24/7 Wall St. identified the states where students' math scores the worst. States are ranked on the average share of fourth-and eighth-grade students proficient in math. In the case of a tie, the state that   spends less on education per pupil ranks lower. In each of the 24 states on this list, average math proficiency among fourth- and eighth-graders is below 29%.     In 2021, the federal government inve  sted $123 bill  ion in public education to help students catch up in the wake of the pandemic. The latest test results reveal it may take billions more. While the link between per pupil spending and student outcomes is complicated, most of the states on this list invest less on a per student basis in their education system than most other states, according to the latest data from the Department of Education.    (Here is a look at how much each state spends on public schools.)     Miquel   Cardona, the secretary of education, summed up what is at stake in improving reading and math proficiency. "This is a moment of truth fo  r educa  tion," he said. "How we respond to this will determine not only our recovery, but our nation's standing in the world."
 

American kids don't know American history. That shouldn't surprise you.

While I'm heartbroken by the Nation's Report Card history scores – it bodes badly for our democracy and well-being as a nation – I am not surprised.

Mary Silvestri, 92, a Connecticut woman who was supposed to audition for the Radio City Rockettes over 80 years ago. She couldn't attend and in April 2023, she was able to attend auditions.
 

Decades after missed audition, 92-year-old aspiring Rockette gets to Radio City

"80 years ago, I was supposed to be here doing what you're doing," Mary Silvestri told those auditioning. "Here I am today to see you ladies."

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