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US Thanksgiving food costs are volatile amid rising wholesale turkey prices due to avian flu, while consumer sentiment hits 40-year lows. Retailers and politicians present conflicting data on affordability, with some claiming prices are down, but wholesale costs and consumer worries suggest ongoing inflation pressures.
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Recent surveys indicate US consumer confidence has fallen to its lowest since April, driven by inflation, labor market concerns, and political uncertainty. Despite delayed official data, Americans report rising prices, especially in food and dining out, impacting spending and economic outlook. The Federal Reserve faces a delicate balancing act ahead of its rate decision.
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Japan's economy contracted by 0.6% in the third quarter, revised from earlier estimates. Exports declined slightly, and private residential investment fell 8.2%. U.S. tariffs on autos and imports have strained Japan-U.S. relations, while Japan's new prime minister seeks economic revival.
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A recent study in Uganda highlights a mental health crisis among young women in Kampala's informal settlements, with high rates of depression, suicidality, and substance use. Meanwhile, surveys in the UK and US show declining teen substance use but rising heroin and cocaine use among younger groups.
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U.S. holiday retail sales grew modestly, with a 3.9% increase over last year, despite economic concerns. Consumers are spending more at thrift and discount stores, reflecting economic uncertainty and a bifurcated economy. Traditional retailers face increased competition from off-price and second-hand sectors.
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President Trump emphasizes economic achievements, including lower energy prices and a shrinking trade deficit, as key themes for the 2026 midterm elections. Despite positive economic reports, many Americans still feel economic strain, and experts warn that some indicators may not reflect true economic health.
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Ex-Michigan football coach Jim Moore was arrested and charged with home invasion and stalking after entering a woman’s apartment on December 10. He denies the allegations, claiming false statements were used in the case. The court hearing is scheduled for February 17, 2026.
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The Biden administration's policies, including a travel ban targeting 12 countries, have significantly impacted international students like Patrick Thaw. Thaw, a Myanmar native, was stranded in Singapore during his studies, unable to return to the US due to visa restrictions, highlighting ongoing challenges for foreign students amid US immigration policies. Today’s date is Thu, 29 Jan 2026.