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President Joe Biden’s visit Thursday to Syracuse in deep-blue New York might seem like an unusual one for him to make less than two weeks before the midterm elections. But his unpo[CENSORED]rity and Democrats’ struggles nationally have funneled down to a state he won by 23 points in 2020. This has put Republicans in a surprisingly strong position in New York. I’m not just talking about the gubernatorial race, where Democratic Gov. Kathy Hochul is in a close contest with Republican Lee Zeldin. I’m talking about the fact that Republicans could win enough seats to take back the US House majority from New York alone. The Cook Political Report, for example, lists five Democratic-held House seats as competitive (i.e., leaning toward one party or a toss-up). The Republicans, of course, need a net gain of five seats to win control of the chamber. No seat may be more illustrative of Democrats’ problems in New York than the 17th Congressional District. It’s in the Lower Hudson Valley but within the New York City metropolitan area. Biden would have won the district under its current lines by 10 points in 2020. Rep. Sean Patrick Maloney, who leads House Democrats’ campaign arm, decided to run for this seat instead of the more Republican 18th District after redistricting. In doing so, he essentially forced Democratic Rep. Mondaire Jones to abandon the district, a version of which he currently represents. In other words, Maloney chose this district because he thought he’d have an easier time winning it. But the political trends over the past month in the 17th District have favored his Republican opponent, state Assemblyman Mike Lawler. An average of Cook Political Report and Inside Elections data shows that what started as a race likely to be won by Maloney became 15 days ago a race only leaning toward him and has now turned into something akin to a toss-up contest. Maloney’s problems make sense when you consider what’s going on nationally and statewide. Republicans have been gaining ground on the generic congressional ballot, which usually asks respondents some form of the following question: “If the elections for Congress were held today, would you vote for the Democratic or Republican party?” What was a slight Democratic advantage on this measure last month is now tilting toward the Republicans. And voters statewide (including in the New York City suburbs) are more worried about crime and inflation – issues that favor Republicans – than others. Democrats’ difficulties also fit with what we’ve seen historically. Although New York is normally thought of as a blue state, it tends to swing with the nation in waves. In 2006, Democrats netted 3 House seats in New York on their way to reclaiming the chamber majority. In 2010, Republicans netted 6 House seats in the Empire State on their way to a majority nationally. In 2018, Democrats took back the House in part because they netted 3 seats in New York. The bottom line is that if there is a Republican wave nationally in 2022 – which seems to be a strong possibility – we’ll likely see it in New York. "CNN"

The 2023 Honda Civic Type R has a starting price of $43,990—about $5k more than its predecessor. The redesigned CTR is still about $1000 less than the limited-production Limited Edition from the previous generation. Honda says the 2023 Civic Type R will start hitting dealerships in the U.S. tomorrow. Those who want to live fast and furiously with the 2023 Civic Type R will have to shell out at least $43,990. That's the starting price—before any dealer markups—that Honda is asking for its hottest hatchback, which the company says will start hitting U.S. dealer lots tomorrow. The redesigned CTR's raised base price means it costs about $5000 more than its predecessor, which opened at $38,910 for the 2021 model year. Still, the '23 Type R isn't the most expensive Type R ever sold in America. That title goes to the previous-gen Limited Edition that cost around $45k during its limited production run. With today's news, the new Civic Type R is now in the same monetary territory as the all-wheel-drive 315-hp 2023 Volkswagen Golf R and its $45,385 base price. Obviously, the big difference between the two hatches is the mightiest Civic only comes with front-wheel drive. In that regard, the 2023 CTR costs just over $10,000 more than the front-drive-only 286-hp Hyundai Elantra N. "CarandDriver"

The U.S. economy posted its first period of positive growth for 2022 in the third quarter, at least temporarily easing inflation fears, the Bureau of Economic Analysis reported Thursday. GDP, a sum of all the goods and services produced from July through September, increased at a 2.6% annualized pace for the period, against the Dow Jones estimate of 2.3%. That reading follows consecutive negative quarters to start the year, meeting a commonly accepted definition of recession, though the National Bureau of Economic Research is generally considered the arbiter of downturns and expansions. The growth came in large part due to a narrowing trade deficit, which economists expected and consider to be a one-off occurrence that won’t be repeated in future quarters. GDP gains also came from increases in consumer spending, nonresidential fixed investment and government spending. Declines in residential fixed investment and private inventories offset the gains, the BEA said. The report comes as policymakers fight a pitched battle against inflation, which is running around its highest levels in more than 40 years. Price surges have come due to a number of factors, many related to the pandemic but also pushed by an unprecedented fiscal and monetary stimulus that is still working its way through the financial system. The underlying picture from the BEA report showed an economy slowing in key areas, particularly consumer spending and private investment. Consumer spending as measured through personal consumption expenditures increased at just a 1.4% pace in the quarter, down from 2% in the second quarter. Gross private domestic investment fell 8.5%, continuing a trend after falling 14.1% in the second quarter. On the plus side, exports rose 14.4% while imports dropped 6.9%. There was some good news on the inflation front. The chain-weighted price index, a cost-of-living measure that adjusts for consumer behavior, rose 4.1% for the quarter, well below the Dow Jones estimate for a 5.3% gain. Also, the personal consumption expenditures price index, a key inflation measure for the Federal Reserve, increased 4.2%, down sharply from 7.3% in the prior quarter. "NBC"

Seagate on Thursday announced plans to cut down its hard drive production and reduce its workforce by 3,000 people due to significantly lower demand for HDDs that it faced in the first quarter of its fiscal 2023. The company's Q1 of FY2023 was the company's worst quarter in 15 years as its earnings barely exceeded $2 billion and the company's net income dropped by 18 times year-over-year. Also, Seagate is facing charges for shipping hard drives to Huawei. Exabytes Shipments Decline for First Time Seagate does not disclose the number of hard drives it ships per quarter, but unit sales of HDDs have been gradually going down for years, while exabytes shipments have been growing. In Q1 FY2023 everything changed as Seagate's HDD capacity dropped to 118.2EB, down from 154.6EB in the previous quarter and 159.1EB from the same quarter a year ago. There were several reasons why Seagate's shipments dropped and the company's financial situation changed drastically in the first quarter of its FY2023. First, COVID lockdowns in China caused an economic slowdown, which reduced demand for Seagate's products. Second, due to slowing economic growth, Seagate's customers initiated inventory adjustments, which further reduced the company's sales. Third, due to decelerating economy and increased logistics costs, CSPs began to ship hard drives and other on boats (as opposed to planes), which slowed down their procurement cycle. Finally, consumers cut down their spending amid inflation and geopolitical uncertainties. Since Seagate tends to produce hard drive platters, heads, and some other HDD components internally and assembles drives on its own product lines, reduced number of drives and lower demand for its products requires it to adjust its production capacity and headcount. Consequently, it had to implement a restructuring plan to reduce its costs, which includes laying off 8% of its personnel, or approximately 3,000 employees. The plan will be completed by the end of Q2 FY2023, will cost from $60 million to $70 million, and will save Seagate about $110 million per annum starting Q3 FY2023. Seagate's revenue reached $2.035 billion in Q1 FY2023, down 35% year-over-year as well as a decrease of 23% quarter-over-quarter. Sales of hard disk drives dropped by 38% year-over-year and accounted for 87% of the company's sales, whereas sales of solid-state drives and systems were up 5% YoY and accounted for 13% of the firm's revenue. Seagate's net income totaled $29 million down, down from $529 million in Q1 FY2023 when the company's results were fueled by unprecedented demand for hard drives by cloud service providers (CSPs) as well as Chia miners. Charges from SEC In addition to decreasing sales of hard drives, Seagate also faces charges from the U.S. Commerce Department’s Bureau of Industry and Security (BIS). Seagate said this week that in late August it received a proposed charging letter (PCL) from the U.S. DoC BIS alleging violations of the U.S. export regulations by shipping hard drives a company from the Entity List in 2020 – 2021. The company is believed to be Huawei. Under the rules imposed by the U.S. DoC in August, 2020, companies that ship products subject to U.S. export control that was developed or made using U.S. IP, software, technology or equipment to Huawei or any of its affiliates must obtain an export license from the BIS. Seagate believes that it did not violate any rules as its products were not subject the U.S. Export Administration Regulations (EAR). Technically, the limitations against Huawei mostly concern semiconductors, but since Seagate's hard drives use controllers and memory designed using electronic design automation tools developed by American companies and produced using equipment made in the U.S., they fall into the category of export-controlled items. If Seagate and the DoC cannot resolve the matter, the HDD maker will have to pay charges for violating export rules. "Tom's Hardware"

Apple's new iPhone 14 Pro Dynamic Island is now just a little more dynamic. iOS 16.1, which officially dropped on millions of iPhones this week, brought with it new gesture controls to Apple's innovative notch replacement. Available only on the iPhone 14 Pro and iPhone 14 Pro Max, the Dynamic Island not only moved the True Depth Module down from the iPhone's top edge, but it also created a fungible island of functionality. From a technical perspective, the Dynamic Island is actually two Super Retina Display XDR screen cutouts, one pill-shaped and the other wider and more cylindrical. Apple cannily uses the small bits of pixels between the two shapes to create what appears to be a lively and fully dynamic digital island. Inside the Dynamic island are activity symbols to indicate if, for instance, your phone is locked, playing music, or delivering Map-based directions. It can appear to expand to offer more map details or conduct a Face ID scan. In other words, the Island, which also supports third-party apps, is designed to be many things to many people. In iOS 16.1 it gets another trick. The Dynamic Island is already capable of displaying two running apps at once, but they generally sit as two distinct islands with home screen pixels separating them. Now, with a gesture, you can easily hide one activity. Apple confirmed that this feature, which first appeared in iOS 16.1 beta is now part of the public download. For example, we launched Apple Music and started playing a song, then switched to Maps and set the navigation for home. On the home screen, the Dynamic Island displayed these activities in two separate, for lack of a better word, islands. If we place a finger on, for instance, the smaller music island and swipe to the left the music island is hidden, and we have just one original-sized Dynamic Island running our Map directions. Another quick left swipe on the far left side of the Dynamic Island unhides the music app, which ends up back on its own tiny island on the right. Granted, it's a small change, but also an indication that Apple views the Dynamic Island, which already responds to taps, as a platform on which it can build a world of interaction. "TechRadar"

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