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U.S. Economy: 943,000 Jobs Added In July, Unemployment Rate Fell To 5.4%

A strengthening U.S. labor market added cushion to the economic recovery in July ahead of the Delta variant threat, with employers creating jobs at the best pace in nearly a year and the unemployment rate falling sharply.

Nonfarm payrolls rose by a seasonally adjusted 943,000 in July, from June’s upwardly revised gain of 938,000, the Labor Department said Friday. The July jobs increase was the largest since August 2020.

The unemployment rate, derived from a separate survey of households, fell to 5.4% in July from 5.9% in June. The July jobless rate was the lowest since March 2020, when the coronavirus pandemic first took hold in the U.S. The number of Americans working or seeking work last month rose, and wages increased at a faster rate, especially for restaurant workers.

Friday’s report showed that the U.S. economy is facing any threat posed by the Delta variant with a strong tailwind. The economy has recovered rapidly this year with availability of vaccines, business reopenings, pent-up consumer demand and aid flowing from multiple rounds of government stimulus legislation.

Falling unemployment and rising wages further reinforce underlying strength, and so far there is little evidence to suggest that the recent case surge is significantly slowing the U.S. recovery.

Best Natural Ways to Debloat, According To Experts

Bloating is difficult to deal with for so many reasons, including the discomfort of having a puffy stomach. But bloating is a common challenge that many people face.

“Bloating can have two main causes: Too much gas and a problem with the movement of gas,” says Ashkan Farhadi, M.D., a gastroenterologist at Memorial Care Orange Coast Medical Center and director of Memorial Care Medical Group’s Digestive Disease Center in Fountain Valley, California. “Basically, you either generates too much of it or you cannot move it along, and the reasons for those can vary.”

“A wide variety of causes, which can range from benign to very serious” can be behind bloating, says Richard Firshein, D.O., integrative medicine practitioner and founder of the Firshein Center. Those more commonly include clinical gut dysfunction, PMS, and food intolerances, he says. If bloating is a regular problem for you, we recommend you talk to your health care provider to try to figure out what could be behind it. But if you’re just dealing with occasional bloat, doctors say there are a few steps you can take to ease this, both immediately and overnight.

Go for a walk.                            

If trapped gas is behind your bloating, taking a walk may help, given that it prompts your digestive system to move things along, Firshein says. “Patients may find that simply going for a walk can speed up digestion,” he adds. Research has also found that people who exercise (yes, walking counts) may have less gas buildup than those who don’t. Once things get moving down there, the food in your gut should take the gas along with it—out of your body.

Take an Epsom salt bath.

This is more about relieving stress than anything, experts say. Stress affects your gut and can even slow down muscle contractions in there, Farhadi explains. “An Epsom salt bath is a good stress reliever,” he says. Firshein agrees, noting that it “helps to relax stressed muscles.” This may help your body debloat by moving food along in your gut or passing gas.

Try foam rolling.

Most people use a foam roller to relieve tense muscles, and the same principle applies here—you’re just using it on your abdomen. (Research has found that abdominal massages could help relieve bloating.) To try it, lie face down on top of your foam roller and gently move up and down. “You roll down the pressure from your sternum to your pelvis,” Firshein says. “This can help to stimulate the gut to eliminate excess gas and even improve digestion.”

How to debloat overnight.

If you’ve noticed you’re bloated before bed, there are a few things you can try to help your body feel better in the morning.

Take a digestive enzyme or probiotic.

Bloating can be linked to an imbalance in your gut flora, the bacteria, and other microorganisms that live in your intestines that help digest food, Firshein says. “In some cases, simple supplements such as digestive enzymes or probiotics and prebiotics can help repopulate the gut, help break down food, and allow the body to process and digest food more properly,”* he says. At the same time, digestive enzymes and probiotics can “definitely help improve movement in the gut,”* Farhadi says.

Research has tied certain types of probiotics to a reduction in gas and bloating, so look for probiotics that contain Bifidobacterium lactis HN019, Bifidobacterium lactis Bi-07, and Lactobacillus acidophilus NCFM.*

Drink lots of water.

Dehydration can lead to harder stools that are difficult to pass—and that can cause a backup in your gut that can make you feel bloated, Farhadi says. The U.S. National Academies of Sciences, Engineering, and Medicine recommends that men have about 15.5 cups of fluids a day (from foods and liquids) and that women have about 11.5 cups a day. “Drinking plenty of water” can help, Firshein says.

Eat fiber-rich foods—but not too much.

“Fiber can be a bloating double-edged sword,” Farhadi says. Firshein agrees, calling it a “tricky” thing to try. “While most people believe that fiber-rich foods are good for you—in part because they help with the growth of healthy bacteria—they can also stimulate the growth of bad bacteria at the same time, which in turn, can produce more gas and bloating,” Firshein explains. Basically, a little fiber is good for digestion and bloating, but too much could make it worse.

If you find that you’re bloated after having fiber-rich foods, Firshein recommends cutting back on how much you have. Then, “slowly build the foundation for digesting those foods by eating small amounts of fiber and slowly increasing to tolerance.”

How to tackle bloating for a long term.

Paying close attention to your diet and how you feel after you eat certain foods is important, Sachdev says.

There are a few tricks that may help, too. “Generally, my rule is no raw food after 4 p.m.,” Firshein says, noting that raw foods often contain high levels of fiber. For anyone who experiences bloating related to digestion, “learning to eat slower, chewing your food, and not eating too late at night can help,” he adds. Eating more foods that reduce bloating, like cucumbers, avocado, ginger, and yogurt may also help keep future buildup at bay.

Of course, it’s possible that your bloating is due to an underlying health condition like a gut imbalance or food intolerance. If bloating is a continuous issue for you, Sachdev recommends seeing your doctor. They may recommend that you try dietary changes or get tested for food intolerance, among other assessment tools.

Takeaway.

Bloating happens to everyone at some point. If you have the occasional bloat, taking these little steps may help you get relief. But if you find that you’re regularly dealing with gas and bloating, it’s a good idea to check in with your health care provider to try to figure out what’s behind it.

F.G Approves $1.4bn For Rehabilitation Of Warri, Kaduna, Refineries

The Federal Executive Council has approved contracts for the rehabilitation of Warri and Kaduna refineries at a cost of $1.4 billion.

The breakdown shows that $897 million is earmarked for the Warri refinery and $586 million for Kaduna refinery, the Minister of State for Petroleum, Timipre Sylva, told State House correspondents after the Federal Executive Council meeting chaired by Vice President Yemi Osinbajo on Wednesday.

According to Sylva, the rehabilitation of the refineries will be carried out in three phases.

The FEC also approved the $2.76 billion acquisition of 20 percent minority stake by the NNPC in Dangote Petroleum and Petrochemical Refinery.

Nigeria has four refineries – including two in Port Harcourt – but all have struggled to function optimally as the country continues to import petroleum products.

Forest, Wildfires Impact on the Economy- Report

Wildfires in the U.S. have caused more and more damage over the years. More than 10.3 million acres burned as the result of roughly 58,950 wildfires in 2020 alone.1 2 Unfortunately, the biggest factor is climate change. With the continued increase in temperature, wildfires are expected to remain a large risk for decades to come.

Five of the six largest wildfires in California history burned in August and September 2020, prompting the declaration of a state of emergency.

People cause nearly 85% of wildfires. This includes everything from unattended campfires to downed power lines.14

The growing severity of wildfires has five other causes. They are rising temperatures, shorter winters, more pests, drought

Full cost of California’s wildfires to the US revealed

More than 8,500 separate fires burned during 2018 in California, making them the deadliest and most destructive of any year in the state’s history. The state itself incurred damages of $102.6bn, roughly 0.5% of the US’s annual GDP. While capital losses and health costs within California totalled $59.9bn, indirect losses through economic disruption to 80 industry sectors within the state came to $42.7bn.

The US economy also suffered an additional $45.9bn in indirect losses outside California, due to economic links between California and the rest of the US.

As Turkey battles its worst forest fires in decades, President Recep Tayyip Erdogan is under ferocious attack for his handling of the disaster, as well as his broader management of a country that was already battered by an economic crisis.

Fires blazed uncontrollably for the NINTH day on Wednesday August 4, aggravated by a record-breaking heat wave that follows a prolonged drought. The nation has watched in horror images on television and social media, as thousands of people have been forced to evacuate homes, coastal resorts and whole villa

Meanwhile, Turkey’s President Recep Tayyip Erdoğan HAD SAID on Saturday a majority of the country’s wildfires were  contained as firefighting support teams and planes were sent to help from Azerbaijan, Russia, Ukraine and Iran.

Greece is grappling with the worst heatwave in decades that strained the national power supply and caused forest fires to break out.

Firefighters from France arrived in Greece on Thursday evening to assist in the battle against raging wildfires as thousands more fled their homes near the capital.

The 82 French firefighters were expected to intervene on Friday, a French official said.

Two more firefighting planes from France were also expected to be dispatched, as well as reinforcements from Sweden, Austria and Bulgaria.

Israel will send 15 firefighters and a large shipment of fire retardants in a civilian plane as soon as possible, the Israeli authorities said.

The additional reinforcements come as thousands of residents fled to safety early on Friday from a wildfire burning north of Athens. Five municipalities were evacuated overnight and five people were injured.

Authorities have ordered residents in the suburbs of capital Athens to evacuate.

Profit-Taking Drags Index By 0.3 Per Cent As Nigerian Exchange Limited Halts Rally

The Nigerian Exchange Limited (NGX) halted four consecutive trading sessions of an uptrend, as profit-taking by investors on the Nigerian Exchange Limited (NGX) dragged the All-Share Index (ASI) by 0.3 per cent.

Specifically, the ASI dipped by 126.32 points, representing a decline of 0.32 per cent to close at 38,801.51. Similarly, the overall market capitalisation of listed equities depreciated by N66 billion to close at N20.216 trillion.

The market negative performance was driven by price depreciation in large and medium capitalised stocks amongst which are, MTN Nigeria Communications, Ardova, Guaranty Trust Bank Holding Company, United Capital, and Access Bank.

Analysts at Afrinvest Limited said: “ In the final trading session, we anticipate that the negative sentiment would persist on the back of profit-taking activities.

Plateau attacks: PDP chieftain pleads with FG, NGOs to assist victims

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Dr James Dalok, a chieftain of Plateau Peoples Democratic Party (PDP), has urged the federal government and non-novernmental organisations to assist victims of recent attacks in the state.

Dalok, a former deputy to the state PDP governorship candidate, Lt.- Gen. Jerry Useni, in 2019 general elections, made the call in a telephone interview with the News Agency of Nigeria (NAN) in Pankshin on Friday.

He also appealed to corporate organisations and wealthy individuals to come to the aid of the victims in the mostly affected local government areas are Bassa and Riyom.

Lagos assembly slashes ex-governors’, deputies’ pensions by 50%

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The Lagos House of Assembly, has amended the state Pension Law for former governors and other political office holders, reducing their benefits and emoluments by 50 per cent.

The House approved the recommendations sequel to the presentation of the report by the Chairman, House Committee on Establishment, Training and Pension, Mr Yinka Ogundimu, during plenary.

Ogundimu, representing Agege II, said the committee reduced their benefits and other emoluments by 50 per cent, based on the present economic situations of the state.

The lawmaker added that it had expunged the provision of houses in Abuja and Lagos for former governors, as stipulated in an earlier law operated by the state.

He said that the committee report presented to the House further showed a reduction in the number of vehicles to be made available to former governors and their deputies.

Failed Bank Transactions: Nigeria’s Apex Bank Refunds N82 Billion

The Central Bank Of Nigeria (CBN) Has Facilitated Commercial Bank Customers Repayment Of N82.2 Billion For Failed Transactions.

The Apex bank said the recovery was based on verified complaints as of June of 2021.

CBN Governor Godwin Emefiele, who made the disclosure yesterday in Calabar at the CBN Fair, observed that since customers have rights to redress, they should, without fail, report infractions.

He said: “Oftentimes, there have been sundry issues. Once we get these complaints, we investigate and if the issues are found to be true, we make sure refunds are made. As of June 2021, we have facilitated the refund of N82.2 billion to customers.”

Represented by the Acting Director, Corporate Communications, Osita Nwanisobi, the CBN boss explained that “as of June 2021, not less than 23, 536 complaints were received from which N82.2 billion was refunded.”

Lagos government insists planning information is free

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The Lagos State government has re-emphasised that intending developers could obtain planning information free of charge.
In a statement signed on Friday by Mr Mukaila Sanusi, spokesman for the Lagos State Ministry of Physical Planning and Urban Development, said the information could be obtained through the Physical Planning Department of the Ministry of Physical Planning and Urban Development.

The statement said the Commissioner for Physical Planning and Urban Development, Dr Idris Salako, said this on Thursday, while presenting a progress report on the Lagos State Electronic Physical Planning System developed by his ministry.

F.G Unveils Plan To Unbundle NIPOST Into Courier Services, Others

The Federal Government has unveiled plans to unbundle the Nigerian Postal Service (NIPOST) into a courier service, microfinance bank among others.

The Minister of Communications and Digital Economy, Isa Pantami, disclosed this on Tuesday during the unveiling of NIPOST’s N50 revenue stamp for denoting transactions in the country.

He listed other aspects of NIPOST unbundling which would take place before the end of the year to include NIPOST transport and logistics, courier services, and microfinance bank.

According to him, these are part of efforts to boost Nigeria’s revenue generation which will be invested into education, security, agriculture, among other sectors in the country.

Pantami expressed optimism that NIPOST would be transformed into a world-class outfit.