TOP NEWS
University of North Carolina faculty member is killed in campus shooting, and a suspect is in custody, school says.
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Emergency responders gather on South Street near the Bell Tower on the University of North Carolina at Chapel Hill campus on Monday.
A suspect is in custody after a shooting at the University of North Carolina at Chapel Hill on Monday afternoon left a faculty member dead and prompted students and others to shelter in place for hours as police looked for the gunman, school officials said. Shots were reported fired at 1:02 p.m. ET at the school's Caudill Laboratories, and a suspect was taken into custody shortly after 2:30 p.m., Chancellor Kevin Guskiewicz said at a Monday evening news conference.
The names of the faculty member and the suspect were not immediately released. It was too early to know a motive for the shooting, UNC Police Chief Brian James said. .
"We really want to know the ‘why' in this case and what led to it," James said. The gun used in the shooting has not been found, the chief added. James said it was unclear whether the victim and the assailant knew each other. "That will hopefully be uncovered through interviews of the suspect as well as any witnesses that may be available," James said. The killing is "devastating and the shooting damages the trust and safety that we so often take for granted in our campus community. We will work to rebuild that sense of trust and safety within our community," Guskiewicz said.
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WORLD
A losing battle to save the lungs of Athens as wildfires grip Greece.
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The national park, known as the "lungs of Athens" is now home to a battle to repel wildfires.
In Agia Paraskevi, one of the villages dotted around Mount Panitha, just 15 miles north of Greece's capital, Athens, we found a familiar sight: a woman standing in front of a burned house, its black, skeletal roof beams reaching imploringly into the smoldering sky as if begging for mercy. Tears streamed down her face as she contemplated what she lost. She cried softly in almost resigned despair. Greece is once again in the grip of wildfires, and this year they are worse than ever.
Hours earlier we were standing in the same village, talking to Nikos as he stood outside his home, eyeing the advancing smoke. He was spraying a thin stream of water through a skinny hosepipe, dousing parked cars and soaking the ground around his home, in what surely seemed a futile attempt to ward off the impending danger.
Nikos told me he had been doing this for two days. He had packed a bag with a few clothes and, along with his wife and their dog, was prepared to leave – if the authorities forced him to do so. "Only if someone puts a gun to my head," he told me. Like so many in these villages, he had poured his life into this little house. In the event, no such persuasion was needed. The police arrived to evacuate the village, and Nikos in tears, reluctantly did as he was told, leaving his house with just a little damp earth and the faintest of hopes to protect it. This 300 square mile national park, filled with verdant forests and ancient archeological sites, is known as "the lungs of Athens," and with good reason. As well as offering city dwellers a haven from the ancient city's cloying summers, its vast woodlands perform the twin tasks of cleaning the polluted air and absorbing the intense heat that often grips the metropolis.
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POLITICS
Biden traveling to Vietnam following G-20 summit next month.
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U.S. President Joe Biden and first lady Jill Biden arrive at Kahului Airport, Kahului, Hawaii, U.S., August 21, 2023. REUTERS/Kevin Lamarque.
President Joe Biden will travel to Hanoi, Vietnam, on September 10 following the Group of 20 summit in India to meet with General Secretary Nguyen Phu Trong and other leaders, according to the White House.
"The leaders will explore opportunities to promote the growth of a technology-focused and innovation-driven Vietnamese economy, expand our people-to-people ties through education exchanges and workforce development programs, combat climate change, and increase peace, prosperity, and stability in the region," White House press secretary Karine Jean-Pierre said.
Biden's trip to Vietnam comes as his administration works to counter China's influence in the Indo-Pacific region and after he said earlier this month that he would soon visit Hanoi "to change our relationship," comments that reflected the current era of tension in Asia. The president is working to shore up US alliances and relationships in the region. As part of these efforts, the US last year launched the Indo-Pacific Economic Framework with Australia, Brunei, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, Thailand, Vietnam, the Philippines and Singapore.
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BUSSINESS
Climate change has ravaged India's rice stock. Now its export ban could deepen a global food crisis.
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Ruined rice crops in India's Haryana state.
"I've suffered a tremendous loss," said the third generation farmer, who relies solely on growing the grain to feed his young family. "I will not be able to grow anything until November." The newly planted saplings have been underwater since July after torrential rain battered northern India, with landslides and flash floods sweeping through the region.
Kumar said he has not seen floods of this scale in years and has been forced to take loans to replant his fields all over again. But that isn't the only problem he's facing.
Last month, India, which is the world's largest exporter of rice, announced a ban on exporting non-basmati white rice in a bid to calm rising prices at home and ensure food security. India then followed with more restrictions on its rice exports, including a 20% duty on exports of parboiled rice.
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ECONOMY
After calling the S&P 500's climb this year, this strategist says hang on, the gains aren't over.
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Investors have seen a rough August, but they'd be wise to hang on awhile longer because the best may be yet to come. GETTY IMAGES FOR SLAMBALLO
That the month of August is stacking up as something of a disappointment for stock investors shouldn't be a huge surprise. The Stock Trader's Almanac tells us that August has delivered the second-worst month for the S&P 500 SPX over the past 35 years. September has also proved a bit bumpy somewhat, historically. With that in mind, and after a hairy 2022, some investors have taken money off the table in an attempt to preserve some of the bounce seen this year.
Buck up campers. So says our call of the day, from Finom Group's chief market strategist, Seth Golden, who says the end of a five-month win streak for the S&P 500 is not all bad news. Why listen to Golden? Well, in February he forecast the S&P 500 would reach 4,350 this year - a mark it hit in June. Batting away recession worries, he advised investors to take advantage of any weakness in large growth stocks. Amazon AMZN, -0.09% and Visa V, +0.52% were two of his suggestions and they have delivered this year.
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