Business week: a milestone in space tourism

What’s new? (September 12-18) Civilians in space A SpaceX rocket carrying four Americans took off from Kennedy Space Center in Florid...

A SpaceX rocket carrying four Americans took off from Kennedy Space Center in Florida on Wednesday. Orbital spaceflight was the first to carry only passengers who were not professional astronauts, a milestone for the space tourism industry. In addition to SpaceX, founded by Elon Musk, Blue Origin by Jeff Bezos and Virgin Galactic by Richard Branson plan to offer commercial space flights. But the last flight was different from the short escapades that Mr. Bezos and Mr. Branson took up space in July. The crew circled the planet for three days.

House Democrats Monday published a plan for funding President Biden’s $ 3.5 trillion proposal to strengthen the social safety net – or at least part of it. The proposed tax measures could bring in up to $ 2.9 trillion over 10 years, but stop before the more aggressive measures previously proposed by Mr. Biden and the Democrats in the Senate. Included in the diet: an increase in the top tax rate for married couples with taxable income over $ 450,000 and single people earning over $ 400,000, from 37% to 39.6%; an increase in the maximum rate of capital gains to 25% instead of 20%; a new 3% surtax for Americans with adjusted gross income over $ 5 million; and a graduated rate structure that would raise taxes for large businesses and lower them for small businesses. Progressive Senators criticized the plan to target income rather than wealth. The approach aims to the very rich instead of those with vast fortunes.

Apple introduced new versions of its iPhone, iPad and Apple Watch on Tuesday. Its prices for these products have remained most of the time the same, like most devices themselves. The company hope that by adding features and making slight design improvements, customers will continue to buy its products. The new iPhones have brighter screens, longer battery life, and more powerful cameras and computer processors, but largely perform like last year’s models. The Apple watch has a larger display area and modifications to make it more durable, and the iPad line has a larger update. So far, the strategy is working: iPhone sales have exploded during the pandemic.

Last month, President Biden announced a plan to offer a third injection of the Covid-19 vaccine to most Americans by September 20. But the plan was changing as scientists debated whether booster injections are needed. The administration has already delayed plans to offer boosters to Moderna vaccine recipients after regulators said they needed more time to decide on the appropriate dosage for the third shot. Advisors to the Food and Drug Administration, the agency responsible for authorizing vaccines, unanimously recommended a booster of Pfizer vaccine for Pfizer vaccinees on Friday who are 65 years of age or older or at high risk of severe Covid-19. Earlier on Friday, the advisory committee voted against a broader recommendation that the booster should be available to people 16 and older. Although the FDA is not required to follow the recommendations of its advisers, it generally does. The agency is expected to make a decision in the coming days.

The Federal Reserve is meeting this week to discuss monetary policy, and that meeting could be important. Many economists expect the Fed to reveal details of how and when it plans to start cutting its bond buying program, one of the many policies he created to reduce the economic impact of the pandemic. John C. Williams, chairman of the Federal Reserve Bank of New York, hinted this month that the central bank could start the process before the end of the year, even if the labor market is growing slowly. The Fed will also release new economic projections, which will show how much and how fast it expects high inflation fade away.

After a series of records, the stock market seemed more undecided this month. This is understandable, given the big questions that are expected to be answered in the coming weeks, including whether the Fed will start withdrawing its economic support, if Congress to increase federal borrowing limit ahead of a potential default and the final details of the infrastructure spending program – and how it will be funded.

Senator Elizabeth Warren asked the Fed to break down wells fargo. Walmart goes start testing a standalone delivery service with Ford Motor. People in the United States are spend $ 40 billion a year on bird watching. And the 73rd Annual Emmy Awards for Best TV Shows airs this Sunday on CBS.

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Newsrust - US Top News: Business week: a milestone in space tourism
Business week: a milestone in space tourism
Newsrust - US Top News
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