Ukraine has obtained more fighter jets from Denmark and Netherlands to strengthen their air force, while Russian aviation experiences mounting losses due to drone attacks on their airfields. This development highlights the ongoing conflict in Ukraine. 

The surge in mortgage rates has led to a housing affordability crisis, the worst seen in four decades. The Federal Reserve will need time to lower rates, and until then, it is expected that people will struggle to sell their homes. Additionally, high rent prices are contributing to inflationary pressures, further exacerbating the situation.

In Hawaii, state water commissioner Kaleo Manuel faced criticism for delaying water release during a wildfire. Surprisingly, he still has a group of supporters who celebrated him with leis and hula dances. This situation raises questions about the political dynamics in Hawaii and the potential challenges of implementing bureaucratic reforms.

Entrepreneurs Filipp Chebotarev and Polina Chebotareva-Mudrick launched Cambridge Companies SPG, a firm that invests in consumer goods promoting better health. Their first investment, Once A Upon Farm, a baby food company, has experienced significant growth. With the increasing demand for healthier food options, Cambridge Companies SPG aims to expand its investments and support companies at various stages of development.

The Digest, 8/21/2023 @400AM, CDT

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