‘The last mile is harder’: Stubborn inflation stalls Fed rate cuts
The concern is that higher rates are putting pressure on households and businesses looking to borrow, weighing on hiring, investment and the housing market.
The concern is that higher rates are putting pressure on households and businesses looking to borrow, weighing on hiring, investment and the housing market.
Last month’s job growth was up from a revised gain of 229,000 jobs in January.
The president’s team thinks it’s had a historically successful first term, delivering victories on the economy, climate, drug pricing and more. But many Americans aren’t feeling it.
Policymakers were determined to avoid the mistakes of the Great Recession — and they succeeded. But now they are in a mood of “fear and introspection.
This is an edition of The Atlantic Daily, a newsletter that guides you through the biggest stories of the day, helps you discover new ideas, and recommends the best in culture. Sign up for it here.
Pardon the interruption, but I’m breaking into our regular programming to share some good news about The Atlantic.
First, here are three new stories that are worth your time:
The coming birth-control revolution
The politics of gun safety are changing.
There is more good than evil in this country.
For the third consecutive year, The Atlantic has won the top honor of General Excellence for a News, Sports, and Entertainment publication at the 2024 National Magazine Awards.
Below is a list of the stories that received recognition from the American Society of Magazine Editors:
Winner: Profile Writing
“Inside the Meltdown at CNN”
Mark Peterson / Redux for The Atlantic
By Tim Alberta
CEO Chris Licht felt he was on a mission to restore the network’s reputation for serious journalism.
As spring takes hold, the days arrive with a freshness that makes people want to linger outside; the balmy days almost feel wasted indoors. While you’re taking in the warm air, you might as well also be reading. Enjoying a book at a park, a beach, or an open-air café encourages a particular leisurely frame of mind. It allows a reader to let their thoughts wander, reflecting on matters that for once aren’t workaday or practical.
As Benjamin Netanyahu faces mass protests at home and increasing diplomatic pressure abroad, we speak with Daniel Levy, a former Israeli peace negotiator and president of the U.S./Middle East Project. He says Netanyahu is desperate to save his political prospects, primarily by continuing the war on Gaza for as long as possible and undercutting ceasefire talks.
Prime Minister Benjamin Netanyahu of Israel says he will “act immediately” to ban Al Jazeera in the country after the Knesset passed a law Monday that allows the government to shut down foreign news networks deemed to be threats to national security.
When Upton Sinclair published his novel The Jungle, the reaction was different from what he’d imagined. He had hoped to expose the deplorable working conditions in Chicago’s slaughterhouses, but most readers, instead of championing the workers, came away flinching at the depictions of all the unsanitary ways meat was produced. Of his readers’ response, Upton famously said, “I aimed at the public’s heart and by accident I hit it in the stomach.
We speak with Jan Egeland, secretary general of the Norwegian Refugee Council, about Israel’s ongoing attacks against aid workers in the Gaza Strip. Israel has admitted it killed seven volunteers with World Central Kitchen on Monday after repeatedly bombing their clearly marked vehicle convoy, leading the humanitarian relief group to suspend its operations in Gaza and further restricting distribution of badly needed food amid a growing famine in the territory.
We get an update on the crisis in Haiti, where deadly violence has continued to escalate between armed groups and police fighting for control of the capital Port-au-Prince. The country’s political future remains unclear, with recently resigned Prime Minister Ariel Henry, who is stranded outside of Haiti, raising questions this week over the constitutionality of a “transitional council” formed to serve as an interim governing body until elections are scheduled.
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Within the next couple of decades, a new generation of contraceptives could hit the American market. One, a pill that blocks certain cells from accessing vitamin A, might be able to limit fertility without flooding the body with hormones; another is an injection that temporarily blocks up the reproductive plumbing.
Potential cow-to-cow avian flu transmission in Idaho is worrying pandemic experts.
The groups are not advocating banning IVF but want new restrictions that would significantly curtail access to the procedure.
Oregon lawmakers gave it three years. Portugal’s program took longer to show results.
Supreme Court case is one of many tools elected officials and activists are using to try to cut off access to the drugs.
The concern is that higher rates are putting pressure on households and businesses looking to borrow, weighing on hiring, investment and the housing market.
Last month’s job growth was up from a revised gain of 229,000 jobs in January.
The president’s team thinks it’s had a historically successful first term, delivering victories on the economy, climate, drug pricing and more. But many Americans aren’t feeling it.
Policymakers were determined to avoid the mistakes of the Great Recession — and they succeeded. But now they are in a mood of “fear and introspection.
“You can’t blame the president when policies go wrong, and then say he’s not responsible if things are going right.
For the third consecutive year, The Atlantic was awarded the top honor of General Excellence for a News, Sports, and Entertainment publication at the 2024 National Magazine Awards, the most prestigious category in the annual honors from the American Society of Magazine Editors.
This is an edition of The Atlantic Daily, a newsletter that guides you through the biggest stories of the day, helps you discover new ideas, and recommends the best in culture. Sign up for it here.
My personal foray into college-basketball fandom comes at a transformational time for the sport, as players accept major promotional deals and gambling reshapes the economics of the game.
Genetic sequencing appears to suggest that wild birds in the Texas panhandle region infected cows, a USDA official said on the call.
Around the year 1300, the Huhugam great chief Siwani ruled over a mighty city near what is now Phoenix, Arizona. His domain included adobe-and-stone pyramids that towered several stories above the desert; an irrigation system that watered 15,000 acres of crops; and a large castle. The O’odham descendants of the Huhugam tell in their oral history that Siwani “reaped very large harvests with his two servants, the Wind and the Storm-cloud.
Seven people working for a humanitarian aid group led by the chef José Andrés were killed in an Israeli air strike in the central Gaza Strip today. The strike is a black mark for the Israel Defense Forces, and likely to turn world opinion further against the Gaza campaign. But more than its geopolitical significance, the strike is a horrifying moment on a human level. Innocent people, doing good work to feed a starving population, have died for no reason at all.
Iran has vowed to retaliate after Israel bombed the Iranian Consulate in Damascus, Syria, killing at least seven people, including three senior Iranian commanders and at least four other Iranian officers. Among the dead is senior commander Mohammad Reza Zahedi, the highest-ranking Iranian military officer to be killed since the U.S. assassinated General Qassem Soleimani in Baghdad in 2020.
Democracy Now! speaks with an active-duty soldier in the U.S. Air Force on hunger strike to demand an immediate ceasefire in Gaza. Senior Airman Larry Hebert is on day three of his hunger strike outside the White House, where he has been holding a sign that reads “Active Duty Airman Refuses to Eat While Gaza Starves.” “It’s just completely wrong and immoral for civilians to be starved and bombed and targeted in any manner,” says Hebert.
The Washington Post reports the Biden administration has recently authorized the transfer of billions of dollars in bombs and fighter jets to Israel. The arms package includes more than 1,800 MK-84 2,000-pound bombs, which can be used to level entire city blocks. The U.S. is also sending 500 MK-82 500-pound bombs and 25 F-35 fighter jets.