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Real-time News
On September 21, CNN, MS Now, and Politico announced they will file a lawsuit against the Trump administration to protect their First Amendment rights and defend the principle that "the government has no right to dictate what news organizations report or publish." In a statement, the three media outlets said, "The White House revoked our journalists credentials without prior notice or due process, due to dissatisfaction with our reporting. Failure to challenge this would threaten press freedom and the publics right to independent journalism free from government interference."On September 21, the Ministry of Agriculture and Rural Affairs held a national video conference on autumn harvest and autumn planting. The conference emphasized the need to stabilize winter wheat production by all means, to ensure food security through shared responsibility between the Party and the government, to implement planting area targets, to improve planting quality, and to cultivate strong seedlings before winter by combining excessive growth control with promoting robust growth, thus laying a solid foundation for next years summer grain production. The conference also stressed the importance of integrating agricultural machinery and agronomy to boost rapeseed yields across large areas and taking multiple measures to increase oilseed production capacity. Furthermore, the conference called for close monitoring of the impact of the super El Niño climate, refining emergency plans for meteorological disasters and pests and diseases, solidly promoting the construction of high-standard farmland, continuously carrying out farmland ditch repair and management, and addressing flooding in plains areas. It also emphasized the need to accelerate the improvement of emergency response capabilities such as drying and storage, and to enhance agricultural disaster prevention, mitigation, and relief capabilities. Finally, the conference stressed the importance of ensuring stable prices and supply of agricultural inputs such as fertilizers, vigorously promoting water-saving and fertilizer-saving technologies such as fertigation, and effectively guaranteeing the fertilizer needs of agricultural production.On September 21, Federal Reserve Bank of New Yorks John Goolsby warned that the Fed cannot ignore recurring and persistent supply shocks and must respond in a way that could cause economic hardship. "Supply shocks are becoming more frequent, stronger, and longer-lasting," Goolsby said on Monday. "Once supply shocks in the inflationary space become persistent, some of the logic behind ignoring these shocks no longer holds." He added that while the Feds response to these shocks and the resulting inflation need not be as aggressive as its response to overheated demand, the process will still be painful. "This is precisely the painful trade-off between employment and inflation that stagflation shocks have always forced central banks to face," Goolsby said. "Unfortunately, in this environment, the only way back is a difficult one."On September 21st, in response to recent reports that Li Auto was preparing to supply its self-developed technology products, such as Mach chips and silicon carbide modules, to external suppliers, Li Autos Ma Donghui stated at a media briefing that the chips and silicon carbide modules could be exported. These chips are small in size, can be adapted by other manufacturers, and have strong versatility. However, Li Autos self-developed PACK packages cannot be exported. The PACK packages are customized and developed according to Li Autos own vehicle requirements and model characteristics, and their production capacity is also matched to Li Autos overall vehicle production capacity. "Some of Li Autos self-developed components that can be standardized into products can be sold externally," he said.Federal Reserves Goolsby: Restoring price stability "will not be painless."
