Woonsocket City Council Regular Meeting - Jan 24 2022

 

This is an E-Update for the meeting: City Council Regular Meeting - Jan 24 2022
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City Council Regular Meeting - Jan 24 2022

 

 

 

 


 

The Defense Production Act is being invoked to increase baby formula production in the U.S. President Biden announced the action a short time ago, which will also include the launch of Operation Fly Formula to use federal planes to import formula from other countries. The act will allow the federal government to make key formula ingredients priority and give manufacturers additional resources.        Today marks the Dow Jones Industrial Average's worst loss since 2020 after loosing eleven hundred points. No Dow component finished higher on the session. The sell-off extended to the rest of the market as yesterday's buying spree was short-lived.        President Biden is planning to meet with the leaders of Finland and Sweden tomorrow, shortly after both nations formally applied for NATO membership. Biden strongly supports the bids. National Security Adviser Jake Sullivan called the presidential meeting historic.        The White House is being pressed on Federal Reserve Chairman Jerome Powell's warning that more interest rate hikes may be necessary until inflation is curbed. During a briefing, Press Secretary Karine Jean-Pierre [[ kar-EENE jhan pea AIR ]] noted that the Fed is an independent entity. Powell's warning prompted stocks to tumble. Jean-Pierre said the Biden White House does not track or comment on the ups-and-downs of the stock market.        An ex-Minneapolis police officer is pleading guilty to charges of aiding and abetting manslaughter in the murder of George Floyd. Thomas Lane entered the plea this morning and will avoid a second trial next month in Hennepin County Court. The state plea agreement calls for the defendant to serve a sentence of three years concurrently with his federal sentence for violating Floyd's civil rights.        Visitors of an annual corn maze in Illinois won't be walking through a field of corn stalks this fall. The Great Godfrey Corn Maze will be cut into a field of Sunn hemp. The village's board approve the change after last year's corn crop did not grow tall enough to be able to put on the popular annual fall event outside St. Louis.