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Daily Bread for 6.20.23: Is Inflation Down by Design or Luck?

Good morning.

Tuesday in Whitewater will be sunny with a high of 84. Sunrise is 5:16 AM and sunset 8:36 PM for 15h 20m 24s of daytime. The moon is a waxing crescent with 5% of its visible disk illuminated.

The Whitewater Common Council meets at 6:30 PM

On this day in 1944, the Battle of the Philippine Sea concludes with a decisive U.S. naval victory. The lopsided naval air battle is also known as the “Great Marianas Turkey Shoot.”


 

Improvement, but why?

Rapid inflation has been a problem in the United States for more than two years, but the tide appears to be turning. Annual inflation is now less than half of what it was last summer. Jeanna Smialek, who covers the Federal Reserve and the U.S. economy for The Times, discusses whether the decline is a result of careful policymaking, or more of a lucky accident.


A 5-Foot Star Wars Rebel Blockade Runner Model:

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We just got back from WonderFest, an annual scale modeling convention, where we met John Sabean and his five-foot long Rebel Blockade Runner model! This build, which took the better part of a decade to complete, recreates the massive studio scale model that ILM built for the opening sequence of Star Wars. John and his collaborators meticulously recreated the miniature using as many original kitbashed parts as possible, and updating it to take advantage of modern electronics and 3D printing.  

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