5 Things You Should Know for August 11: Gas Prices, Trump, Indiana Explosion, Taxes, North Korea – CNN | Vette Leader

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1. Gas Prices

Americans struggling with historic levels of inflation are finally getting some relief at the pump. According to AAA, the national average price of regular gasoline fell below $4 a gallon today for the first time since March. This came after gas prices hit a record high of $5.02 in June, largely due to rising global oil prices in the wake of Russia’s invasion of Ukraine. The steady decline in gas prices was caused by several factors, including recession fears that have pushed oil prices lower and the fact that some people cut back on driving when gas prices rose above $5 a gallon. Despite the drop, gas prices still remain 25% higher than this time last year.

2. Trump

Former President Donald Trump invoked his Fifth Amendment rights and declined to answer questions from the New York Attorney General at a scheduled deposition Wednesday. Trump was set to be removed by attorneys for New York Attorney General Letitia James amid a more than three-year civil investigation into the Trump Organization’s finances. The planned deposition comes during an extraordinary legal week for Trump. On Monday, the FBI executed a search warrant at Mar-a-Lago, his primary Florida home, in connection with an investigation into the handling of classified documents. And on Tuesday, a federal appeals court ruled against his efforts to block a House committee from getting his tax returns.

3. Indiana explosion

A massive home explosion in Evansville, Indiana, on Wednesday killed three people and damaged 39 homes. Eleven of those 39 homes remained uninhabitable, Fire Chief Mike Connelly said, adding there could be more victims after the search is complete. An investigation into the incident and the cause of the explosion is underway. Crime scene photos showed damaged houses and piles of rubble. A structural collapse team was called in to survey buildings and ensure all gas and power circuits were “intact,” the chief said. Evansville is about 3 hours southwest of Indianapolis.

4. Taxes

Treasury Secretary Janet Yellen on Wednesday directed the Internal Revenue Service not to use any of the new funds made available in Democrats’ new Health and Climate Act to increase the number of audits of Americans who make less than $400,000 a year earn, so obtain a copy of the letter exclusively from CNN. The letter to IRS Commissioner Charles Rettig comes amid attacks from Republicans that the $80 billion the Inflation Reduction Act would give the IRS over the next 10 years would result in more middle-class Americans and small businesses being checked. However, the Biden administration has repeatedly said the IRS will focus on increased enforcement action against wealthy taxpayers and large corporations.

5.North Korea

North Korean leader Kim Jong Un has declared victory against Covid-19 and ordered the lifting of the maximum anti-epidemic measures imposed in May, state media said today. North Korea has not disclosed how many confirmed infections with the virus it has found, but has not reported any new suspected cases since July 29. The World Health Organization has cast doubt on North Korea’s claims, saying last month it believes the situation is getting worse, not better, in the absence of independent data. Analysts say the authoritarian North’s declaration of victory could be a prelude to restoring trade hampered by border lockdowns and other restrictions. Observers have also said it could pave the way for North Korea to conduct a nuclear weapons test for the first time since 2017.

BROWSE BREAKFAST

Police catch a wild turkey ‘breaking into and entering’ an apartment.

Well, the fall season isn’t far off… maybe this turkey was planning a clever Thanksgiving escape. Watch the video here.

The latest bizarre flavor of Coke is here

Before this latest weird flavor, Coca-Cola launched Starlight (space-flavored) and Byte (pixel-flavored). This latest one is equally unique.

Disney+ is getting more expensive…unless you want ads

And it’s not the only streaming service whose price is increasing.

Domino’s tried to sell pizza to Italians. It went wrong.

The American pizza giant made a very bold attempt to win over the locals in Italy. The stores are now closing their doors after struggling with sales.

New image of colliding galaxies reveals the fate of the Milky Way

In millions of years these two entangled galaxies will eventually merge into one. Check out the stunning telescopic image here.

TODAY’S NUMBER

$856 million

That’s the amount of subsidies Elon Musk’s SpaceX was supposed to receive from the Federal Communications Commission — but that won’t happen anymore. The FCC had provided funding for SpaceX’s Starlink internet service to bring internet access to people in rural America. But federal regulators said on Wednesday they will no longer fund the company, citing the fact that the satellite-based service “is still developing technology” and the company “has not been able to prove it.” [it] was able to perform as promised.”

THE TODAY QUOTE

“You have poured salt into a wound that will not heal.”

– Luis Li, an attorney representing Vanessa Bryant, said in court Wednesday that photos of Kobe Bryant’s helicopter crash were shared with dozens of Los Angeles County employees. Vanessa Bryant’s federal lawsuit against LA County alleges that sheriff’s deputies took photos of the victims’ remains, including those of her daughter and husband, and shared them in settings irrelevant to the investigation, including a bar and an awards gala. Vanessa Bryant, who was at the courthouse, wiped away tears as her attorney described how sheriff’s deputies took and shared the photos.

TODAY’S WEATHER

Check your local forecast here>>>

AND FINALLY

This is Paris… in China

Did you know that the city of Tianducheng in China was designed as a replica of Paris? Watch this video for a quick tour. (click here to view)

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