The criticism comes ahead of a House hearing scheduled for Wednesday to consider separate draft legislation on AVs from Reps. Bob Latta, R-Ohio, and Debbie Dingell, D-Mich.
U.S. inflation hit a record high back in June of last year, making everything from food to gas more expensive. Although things have slowed down since then, economists predict that high inflation could persist until the end of 2024 or 2025.
Despite rising costs, consumers are still carrying on with home improvement projects, according to a survey by Today’s Homeowners. That said, this year’s projects may look different compared to previous years, with many homeowners — particularly millennials and Gen Z — opting for DIY solutions to keep costs at bay.
Inflation may be receding, but high costs keep putting a dent into the already stretched budgets of Americans. According to a survey by Today’s Homeowners, nine out of 10 homeowners have home improvement projects planned for 2023. However, roughly 50 percent say they will be spending less on these projects, with 28 percent saying they will spend “significantly less”.
These findings come over a year after inflation hit a record high back in June of 2022. At the time, the U.S. consumer price index (CPI) hit a 9.1 percent year-over-year growth — something not seen since the 1980s.
In the affected 227,335 U.S. vehicles, the rearview camera image may not display properly, according to a July 14 recall report.
By DAVID KOENIG (AP Airlines Writer)
DALLAS (AP) — A large number of Airbus passenger jets will need to have their engines removed and inspected in the coming months after engine maker Pratt & Whitney discovered a problem that could cause parts to wear out more quickly, potentially adding to stress on airlines during the remainder of a hectic summer travel season.
Shares of Pratt & Whitney parent RTX Corp. fell 11% Tuesday afternoon after the company disclosed the issue.
RTX said that a “rare condition” in powder metal used to manufacture certain parts made between late 2015 and mid-2021 will require speeded-up fleet inspections. The engine involved is most often used to power the Airbus A320neo, a midsize jet popular for short and medium-distance flights.
The company said it expects that about 200 of Pratt PW1100 engines will need to be pulled off and inspected by mid-September, and another 1,000 engines will need inspections in the next nine to 12 months.
Many Airbus A320 family jets use engines from CFM, but nearly 800 A320 and A321s have the affected Pratt engines, according to aviation-data firm Cirium. Indian low-cost airline IndiGo has nearly 140, Air China has 43, Germany’s Lufthansa has 37, and Mexico’s Volaris has 35.
Performance auto giant Ely Reeves Callaway III died July 11 after sustaining injuries in a fall. The Callaway Cars founder, whose company held a world speed record for more than 20 years, was 75.