News Headlines 10/20/22


INFLATION HITS 8.2%: Inflation in the U.S. hit an annual rate of 8.2 percent in September, reflecting increased costs across the board for food, shelter, fuel, and medical care. Some relief may be ahead, though. Comerica Bank chief economist Bill Adams told NBC News that house prices and rents are likely to decline in the coming months, though food prices may stay high.

  • The typical American consumer is paying $445 more per month for goods and services than just one year ago, according to Moody Analytics.

JUDGE ORDERS RELEASE OF EMAILS TO TRUMP: A federal judge has ordered that 33 emails sent to former President Donald Trump by his attorney be turned over to the Congressional committee investigating the January 6th 2021 assault on the U.S. Capitol. According to Judge David O. Carter, the emails suggest that the president, in a sworn statement, authorized lawsuits based on election fraud allegations that he knew to be bogus. The apparent purpose was not to prove election fraud, the judge said, but to delay or disrupt certification of the election of President Joe Biden. The House committee looking into the events of January 6th has previously been refused access to hundreds of emails sent by the lawyer, John Eastman.

PUTIN DECLARES MARTIAL LAW IN PARTS OF UKRAINE: Russian President Vladimir Putin has declared martial law in four regions of Ukraine that have been annexed by Russia. The announcement came after days of intense missile and drone attacks by Russia on cities and key infrastructure sites inside Ukraine.

FIGHTER JET CRASHES NEAR SALT LAKE CITY:  An Air Force F-35 fighter jet crashed and exploded in flames shortly after takeoff near Salt Lake City yesterday. The pilot safely ejected. The cause of the crash of the $80 million jet is being investigated.

(Headline News, FYI and Sports stories were compiled in part from reports by the Associated Press and Reuters.)