U.S. consumer confidence slides to six-year low in August
The Conference Board reports U.S. consumer confidence fell for the second straight month to 84.8 in August, a level not seen since May 2014. With 70 percent of economic activity tied to consumer spending, economists watch closely as optimism wanes amid rising COVID-19 infections.
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Minnesota startup aims to reinvent nitrogen fertilizer
Kennedy Research of Murdock Minnesota teams with University of Minnesota researchers to prototype a benchtop system that makes nitrogen fertilizer from air water and electricity. The aim is to scale up to a marketable FarmGen device possibly serving Upper Midwest farms. The effort centers on licensing the technology from Professor Roger Ryan and evaluating cost efficiency and product forms for field use.
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Daniel Thornberg
Dreamstime
Tribune News Service
American Airlines to cut over 40 thousand jobs in October
American Airlines plans more than forty thousand job cuts this October, including nineteen thousand furloughs and layoffs. The airline states relief from a new $25 billion federal aid package is needed to avoid further reductions, with 23,500 staff already taking buyouts, retirements, or long leaves. Flight attendants face the heaviest losses as the carrier slashes staff amid a steep travel downturn.
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Facebook blocks Thai monarchist group Royalist Marketplace
In Bangkok Facebook restricted access to Royalist Marketplace a Thai monarchist discussion group with about a million members after government pressure. Founder Pavin Chachavalpongpun an exile in Japan called the move an affront to democracy while Facebook said it may legally challenge the government request and noted it protects user rights.
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Thailand
Pavin Chachavalpongpun
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Prayuth Chan-ocha
Kyoto University
Center For Southeast Asian Studies
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