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There’s a growing gap between what low-income families earn and what it actually costs to live in the US, according to a new study that says headline measures of inflation fail to capture the burden on these households bloomberg.com/news/articles/…

"Median US incomes have fallen by 4% since 2001 when they’re adjusted for the Minimal Quality of Life Index, which is based on essentials such as housing, healthcare, education, transportation and technology." Jarrell Dillard Nazmul Ahasan

Still, “temporary pauses are unlikely to convince consumers that trade policy has stabilized enough for consumers or businesses to plan effectively for the future,’’ Joanne Hsu, director of the survey, said in a statement. bloomberg.com/news/articles/…

Ed Helms knows what's up.

One in Five Gazans Are Now Experiencing Extreme Starvation bloomberg.com/news/articles/…

BREAKING: OpenAI is buying Jony Ive’s secret AI company io for $6.5 Billion and will develop a slew of devices. Ive, in his return to hardware, and LoveFrom will oversee OpenAI design. All the details, including interviews with Ive, Sam Altman & others — bloomberg.com/news/articles/…

The Financial Times reports that UK authorities are moving to seize a £1.2 million London property owned by Shayan F. Rahman, where Sheikh Hasina’s sister Sheikh Rehana lived—a story first revealed by Netra News in 2022. netra.news/2022/sheikh-re…

Despite army chief’s pledge not to shoot civilians, troops opened fire on unarmed protesters hours before Sheikh Hasina fled to India on Aug 5, killing at least one, per Netra News/Bangladesh Protest Archive investigation. youtube.com/watch?v=zOEkiK…

A lot is happening in Bangladesh, the ever volatile country of mine. :-)

Combined with data earlier this week showing a third month of shrinking manufacturing activity, the services survey suggests the economy is slowing in the wake of higher US duties and retaliatory tariffs by other countries. bloomberg.com/news/articles/…

“Activity at US service providers unexpectedly contracted last month for the first time in nearly a year and companies throttled back hiring, indicating the grip on the economy from higher tariffs is getting tighter.” bloomberg.com/news/articles/…

Muhammad Yunus is on the hunt for stolen billions—some allegedly stashed in the UK. But Keir Starmer, whose ally Tulip Siddiq MP (niece of Bangladesh’s ousted strongwoman) quit as city minister over a Bangladesh financial scandal, won’t see him. ft.com/content/4471e7…

📊🧮 NEW interactive data story: “Religious and ethnic minorities have found space in Bangladesh’s government, academia, and police — a rare feat in the South Asian region. In the armed forces, however, exclusion remains the rule.” interactive.netra.news/minority-repre…

The index of prices paid for materials climbed 5.4 points, the most in four years, to 70. A nearly similar increase in prices received indicates producers are passing along higher costs including import duties. bloomberg.com/news/articles/…

“I can advise you now, you have 12 hours to escape with your wife and child,” an Israeli intelligence operative told a senior Iranian general. The operative then suggested that Israel could train weapons on the general and his family at any moment. wapo.st/4ezT8EF

The survey, which concluded two days after US military conducted airstrikes on Iran, showed very few respondents made spontaneous mentions of the Israel-Iran conflict. However, consumers remain anxious about the potential impact of tariffs. bloomberg.com/news/articles/…

This is a 2-minute preview of our 14-minute documentary on H-1B. Watch the full video here: bloomberg.com/news/videos/20…

“Mental health providers, the fastest-growing industry in the US since the start of the pandemic, risk a sharp reversal of fortune as President Donald Trump seeks to eliminate billions of dollars in funding that enabled their expansion.” Maria Clara Cobo / Matthew B bloomberg.com/news/articles/…