CNN 5 Things Plane crash victims mourned, inflation flare-up, Japanese sinkhole expands & more
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Jan 31, 2025 Recovery efforts are underway for victims of a tragic mid-air collision, battling tough conditions in the Potomac River. New data reveals consumers are spending more, but saving less, sparking concerns about inflation. Meanwhile, North Korean troops are reportedly moved from the frontlines in Russia. In Japan, an expanding sinkhole has led to evacuations, raising safety alarms. Plus, there’s buzz around the upcoming Grammy Awards lineup!
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Mid-Air Collision Victims
- A mid-air collision near Washington, D.C. involved an American Airlines plane and an Army helicopter.
- Among the victims were Sam Lilly, the pilot, and Asra Hussain Raza, a daughter of Indian immigrants.
Inflation Acceleration
- The Federal Reserve's preferred inflation gauge, the Personal Consumption Expenditures Price Index, rose 2.6% in December.
- This increase is attributed to rising energy prices and food costs, with consumers spending more and saving less.
North Korean Troops in Ukraine
- North Korean troops have reportedly been withdrawn from the front lines in Russia's Kursk region after suffering losses.
- Around 4,000 out of 12,000 North Korean soldiers sent to Russia are estimated to have been killed or injured.