It also made headlines in the Wall Street Journal (below) and Financial Times, emphasizing that it was “the highest rate of inflation in nearly 13 years” since the 2008 crisis.
But the New York Times headline throughout the day drew attention to the “strong jump” in prices. Below, “The increase was larger than expected and should keep inflation at the center of political debate in Washington.”
It was the first day of Joe Biden’s first overseas trip as president in the UK, laden with photo-ops and seemingly positive leaks.
Once skeptical of the inflation outlook, the NYT has now highlighted that “a central index has had the biggest jump since 1992”, referring to one that excludes volatile prices and rose 3.8%, annualized, “the fastest pace” in three decades.
“The government’s debt pile is already the biggest ever,” the paper says, then highlighting two Republican senators who question Biden’s plans to boost infrastructure spending and more stimulus.
In British FT, in separate analysis, “A Slow and Painful Death: Biden’s Domestic Agenda Withers As He Flies Overseas.”
In the Washington Post home, troubles also in the fight against Covid, “Vaccination rates fall, jeopardizing Biden’s July 4th goal.” With doses plummeting, you may not reach 70 percent of adults on Independence Day.
The NYT reported, on the front cover and on the home page, that the “Pentagon looks to future attacks on the Taliban” and is pressing it to stay in Afghanistan with “fighters or drones.”
In the newspaper’s words, it wants to “introduce flexibility into Biden’s plan to end the military presence.” The president had “suggested that as soon as the troops left, air support would end.”
THE RIGHT THING
On the print cover and on the home page, the WSJ gave the “exclusive” that the biggest companies in the US continue to be blackmailed, “part of a wave”, in this case: “JBS paid US$ 11 million in ransom”. The CEO of the “Brazilian meat supplier”,
André Nogueira, tells the newspaper that “it was very painful to pay criminals, but we did the right thing for our clients”.
‘IRON SILK ROUTE’
Headline in Nikkei, pictured above, of train leaving Wuhan, China, to Duisberg, Germany, in just a few years the “Iron Silk Route becomes a vital cargo link to Europe” for Chinese products and also Japanese. But the boom faces “cloudy future as tensions mount”.
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