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“Consumer prices rose 0.4% in August, driving the annual inflation rate to 2.9%, the highest since January, according to Bureau of Labor Statistics data released Thursday. The reading marked an acceleration from the 2.7% increase seen in July, with price hikes driving up the cost of Americans’ most basic needs.” cnn.com/2025/09/11/economy/us-

🇫🇷 **France credit score downgraded to lowest on record amid political crisis**

"_....Fitch downgraded France's sovereign credit score on Friday to the country's lowest level on record, stripping the eurozone's second-largest economy of its AA- status..._"

🔗 france24.com/en/france/2025091.

“Unemployment, inflation and GDP growth will be worse this year than projected, budget office says”

apnews.com/article/cbo-outlook

#OTD in 1756 German writer Benedikte Naubert was born.

She "anonymously published more than 50 historical novels and is considered a pioneer of the genre in the 1780s. Naubert wrote under the pseudonyms Verfasser des Walther von Montbarry, Verfasser der Alme, Verfasserin des Walther von Montbarry, and Fontanges. Today she is largely unknown, even in Germany."

en.wikipedia.org/wiki/Benedikt

Books by Naubert at PG:

gutenberg.org/ebooks/author/55

#books #literature

**Martin Luther And The Reformation**

Whilst reading a book concerned with the field of psychoanalysis, I came across a fact that I did not know. Martin Luther, the German theologian who launched the Reformation in the 16th century, suffered from chronic constipation. It is said that he received inspiration for the ideas behind the Reformation whilst in the 'sewer'.

🔗 news.bbc.co.uk/1/hi/world/euro.

attribution: Lucas Cranach the Elder, CC0, via Wikimedia Commons. Page URL: commons.wikimedia.org/wiki/Fil.

🖥️ **Two Thoughts On Artificial Intelligence**

AI is a tool for a limited number of tasks where it can be beneficial; contrary to popular belief, it is not a panacea for all of mankind's ills.

Irrespective of the share prices of companies that produce AI products, it is not sentient and it is doubtful if it ever will be.

🇺🇸 **US students' reading and math scores at historic lows: 'Devastating trend'**

"_The report shows almost half of high school seniors are now testing below basic levels in math and reading, and approximately 35% are at or above a proficient reading level, while 32% of them had a below "basic" reading proficiency._"

🔗 abcnews.go.com/GMA/Living/us-s.

🇺🇸 📱 **Wireless Data Use Surges**

"_Americans used 132T megabytes of data last year, shattering the 100T MB record set just the previous year. This record amount of data was driven by a 32T MB year-over-year increase, the single largest jump in U.S. history._"

🔗 ctia.org/news/2025-annual-surv.

🇨🇳 **China's exports continue to grow, despite a sharp decline in its trade with the U.S.**

"_China just released monthly trade data showing that its exports rose about 4.5% in August._"

🔗 marketplace.org/story/2025/09/.

@economics

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