The Pour Over Today - Wednesday, September 14, 2022

Episode Date: September 14, 2022

Today, we’re talking about middling inflation news, strikes and more strikes, Twitter’s latest flap, and other top news for Wednesday, September 14th. Stay informed while remaining focused on Christ with The Pour Over. Sponsored by Faithful Counseling

Today, we're talking about middling inflation news, strikes and more strikes, Twitter's latest flap, and other news for Wednesday, September 14th. Stay informed while remaining focused on Christ with The Pour Over. Here's the quote of the day. The first act of love is always the giving of attention. Dallas Willard Well, inflation didn't disappear in August. The Consumer Price Index rose 0.1% from July to August when economists were predicting a 0.1% decline. The increase was driven largely by the rising

costs of food, shelter, and medical services, and offset some by a sharp decline in gas prices. Annual inflation now sits at 8.3%, down from its recent peak of 9.1% in June, but well above the Fed's target of 2%. The markets were unenthused. The not-good inflation news killed investors' recent optimism that the Federal Reserve may become less aggressive in raising interest rates over the coming months. The S&P 500 closed down 4.3% yesterday, its worst in over two years. The Dow Jones dropped more than 1,200.

Our hope is never contingent on an economic or financial outcome. It's much more secure than that. Regardless of whether things get worse or better during your lifetime, everything eventually ends well for followers of Christ. Proverbs 12, verse 28 says, anyone trusting in his riches will fall, but the righteous will flourish like foliage.

At least they have comfortable shoes. 15,000 Minnesota nurses participated in the largest private sector nurse strike in U.S. history, claiming that hospitals are asking them to handle unimaginable caseloads without hiring additional staff or adequately increasing pay. As the nurses march, the nation faces a possible railroad worker strike over unfair working conditions set to begin Friday unless a last-minute deal is reached. If you think a railroad worker strike will impact you about as much as a horse and buggy strike, think again. 40% of the nation's long distance freight is moved via train and hitting the brakes would cost the economy an estimated $2 billion a day. President Biden has gotten involved in negotiations to help avert the

strike, and some in Congress suggest they may overrule the unions to prevent one. A reminder of Jesus' unconventional negotiation advice. In humility, consider others more important than yourselves. Everyone should look not to his own interests, but rather the interests of others. Philippians 2, verse 3-4. The will-they-won't-they continues. Yesterday, Twitter shareholders voted in favor of Musk's $44 billion takeover. Musk sent his third letter seeking to terminate the deal. A judge denied Musk's attempts to delay the October 17th trial,

where Twitter hopes the court will force the sale through. Meanwhile, the made-for-a-Hulu documentary's newest character, Peter Zetko, testified before the Senate Judiciary Committee yesterday. Zetko is Twitter's former head of security who blew the whistle on what he called major security failings at Twitter that pose a threat to user privacy and national security. Twitter denies Zatko's claims, painting him as a disgruntled employee who was fired for ineffective leadership and poor performance. Musk says Twitter's $7.75 million severance payment to Zatko is one of the ways they violated his purchase agreement. Following the drama of a multi-billion dollar company is interesting, but shouldn't consume our attention. Billions of dollars are a shoulder shrug to God. It's all His anyway.

Psalm 50, verse 9-10 says, I have no need of a bull from your stall or of goats from your pens, for every animal of the forest is mine and the cattle on a thousand hills. Today's podcast is brought to you by Faithful Counseling. We'd say it's been a tough couple of years, but let's be real. Life was hard even before the pandemic. Families were divided before modern politics, and it's never been a bad time to invest in your mental health. And now, Faithful Counseling is making that crazy simple. Faithful Counseling is not a crisis line. It's not self-help. It is professional counseling done securely online. This means that you can log in anytime

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to get 10% off your first month. In other brews, here's a rapid round of updates. The DOJ just finished a week-long subpoena spree. In a serious escalation of their investigation, they seized phones from two of former President Trump's advisors and requested documents and or testimony from 40 of his associates. The subpoenas are reportedly related to plans to submit alternate electors to then-VP Pence on January 6th and post-election fundraising. And the Emmy goes to HBO. The network won 38 Emmys, including Best Drama for Succession. Netflix was number two with 26 awards, including Best Actor in a Drama for Squid Games, Lee Jung-jae,

the first Asian actor to win the award. Are the kids all right? Well, they're certainly better. The United States saw an unprecedented 59% decline in child poverty from 1993 to 2019. Researchers attributed the bulk of improvement to more people working, including single moms and state-level minimum wage laws. That terrible pit in your stomach you used to feel after sending a regretful text? It's going away for iPhone users. Apple's iOS 16 update, released Monday,

gives users two minutes to unsend an iMessage after sending and provides 15 minutes to edit an iMessage. This year's Best Colleges ranking comes with a side of scandal. Columbia University dropped from number two to number 18 after one of its own math professors pointed out some favorable discrepancies in his employer's past submissions. On Friday, Columbia admitted last year's number two ranking was given based on inaccurate data. That's all we have for today. Thanks so much for listening. If you're listening on the Apple Podcasts app, give us a five-star rating and drop a review. If you're listening on Spotify, give us a follow and hit the notification bell to never miss a new episode. We appreciate your support and hope you have a great day. We'll see you on Friday.