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新闻播报(July 29)

chinadaily.com.cn 2022-07-29 11:38


> US Fed raises rates by another three-quarter point
美联储在持续通胀的情况下 再加息75个基点

Traders react on the floor of the New York Stock Exchange as a screen shows US Federal Reserve Board Chairman Jerome Powell during a news conference following a Fed rate announcement, in New York City, US, July 27, 2022. [Photo/Agencies]


The US Federal Reserve on Wednesday raised its benchmark interest rate by 75 basis points, the second in a row of that magnitude, as elevated inflation showed no clear sign of easing.

The Federal Open Market Committee, the Fed's policy-making body, decided to raise the target range for the federal funds rate to 2.25 to 2.5 percent, and "anticipates that ongoing increases in the target range will be appropriate."

The statement showed that all 12 committee members voted for the decision.

Fed Chair Jerome Powell dismissed the view that the US economy is already in a recession, citing labor market strength.

The US economy is estimated to have shrunk at an annual rate of 1.2 percent in the second quarter, according to the Federal Reserve Bank of Atlanta's GDPNow model, updated Wednesday.

With a first-quarter decline of 1.6 percent, a second consecutive quarter of negative growth would meet the technical definition of a recession.

> Common hero touches hearts of millions

[Photo provided to China Daily]


A video of a 66-year-old man called Erjiu has gone viral on Chinese social media after his nephew Tang Hao shared the man's condensed but heartstring-tugging life story on short-video platform Bilibili on Monday.

Using the name "Yigecaixiang", Tang uses witty storytelling in the 11-minute video to convey the experiences of Erjiu.
唐浩在这段11分钟的视频中使用了 "衣戈猜想 "这个名字,用朴实又略带冷幽默的语言来表达二舅的经历。

The man, who uses a cane due to a longtime disability, is portrayed as a common hero who never bows to life's difficulties, but strives instead to lead a full and meaningful village life.

Erjiu's self-reliance and tenacity not only moved Tang, but also have touched the hearts of millions of online viewers.

Commenting on the unexpected popularity of his video, Tang said: “It may have attracted a lot of views, but that is because my uncle lived his life well, not because I wrote a decent story.”


> Study says millennials don’t stray far from home

People spend their weekend on Pennsylvania Ave in front of the White House in Washington, DC, the United States, on April 23, 2022. [Photo/Xinhua]


Recent research indicated a significant decline in mobility in the United States, with most millennials living close to where they grew up.

That figure of mobility has dropped steadily since the 1950s, going from about 20 percent to 8.4 percent last year, due to an aging population, dual-income households that make it more difficult to move, and more recently, the COVID-19 pandemic, according to a recent report from the Brookings Institution.

By age 26, more than two-thirds of young adults in the US were living in the same area where they grew up; 80 percent had moved less than 100 miles (161 kilometers) away, a new study by US Census Bureau and Harvard University researchers found.


> No more benefit for more than five hours high intensity exercise



A 30-year Harvard study of 100,000 Americans, which looked at how exercise impacted a person’s risk of death, found that there is no benefit to doing more than five hours of high intensity exercise a week, as it does not help to stave off an untimely death.

However, pushing your body as hard as you can does not have any damaging health effects, as some previous studies have claimed.

The same trend was seen for moderate activities, including walking.

Ten hours of moderate exercise - four times the recommended weekly activity level - had no benefits, but also no harm.

This finding may reduce concerns around the potential harmful effect of engaging in high levels of physical activity observed in several previous studies.


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