Fed’s Powell ignores politics — and may pay a heavy price
It’s a rare moment for a Fed chair to toss aside all political considerations and ignore frantic investors.
It’s a rare moment for a Fed chair to toss aside all political considerations and ignore frantic investors.
The Fed’s interest rate hikes have fueled market turmoil by boosting the value of the dollar and feeding higher borrowing costs.
Fed Chair Jerome Powell has pledged to do whatever it takes to curb inflation.
Despite the signs of moderating price increases, inflation remains far higher than many Americans have ever experienced and is keeping pressure on the Federal Reserve.
The plan touted by the U.S. Treasury secretary aims to diminish the Kremlin’s revenue while preserving the global oil supply.
President Joe Biden announced Thursday that he is pardoning everyone convicted of simple marijuana possession under federal law, and said the classification of the drug would undergo review. The move will remove many legal barriers for thousands of people to gain jobs, housing, college admission and federal benefits, and fulfills a campaign pledge made by Biden.
The 2022 Nobel Peace Prize was awarded Friday to two human rights groups, the Center for Civil Liberties in Ukraine and Memorial in Russia, as well as imprisoned Belarusian activist Ales Bialiatski. The Norwegian Nobel Committee praised their work criticizing power and protecting fundamental human rights in neighboring countries torn apart by war.
India’s Prime Minister Narendra Modi told Ukrainian President Volodymyr Zelensky during a phone call on Tuesday that he will help peace efforts with Russia, just days after India abstained from a United Nations vote condemning the Russian annexation of four regions in Ukraine.
Protesters in Iran are continuing to demand justice for Mahsa Amini, the 22-year-old Kurdish woman who died in the hands of the so-called morality police, as well as envisioning a political future beyond the Islamic Republic. The Norway-based group Iran Human Rights estimates at least 154 people have been killed since the protests began.
New York congressman Lee Zeldin said his family is safe after two strangers were shot outside his Long Island home.
Donald Trump and Republican candidates held a Nevada rally on Saturday. Thanks to the speakers, there was no attempt to misdirect or moderate the speeches. What was on display was the heart of Republicanism’s new fascism. Racism; paranoia; hoax promotion; a focus not on winning elections, but on winning the power to administer and subjugate them. Highlights of the event come via Acyn.
Sen.
The images of Ukraine’s attack on the Kerch bridge were dramatic. And while we still don’t know how Ukraine managed it (truck bomb has actually emerged as the most plausible explanation, even if the details don’t quite fit right), Russia has thrown all caution to the wind.
by Ray Levy Uyeda
This article was originally published at Prism
Most days, La‘a PoePoe rides his bike a quarter of a mile from his home in Moloka‘i, Hawai‘i, to the nearby Kupeke loko i‘a, or fishpond in English, where he’s the kia‘i loko, the guardian. Fishponds are created by an ancient Hawaiian ecological and food production practice that involves fostering a healthy and safe carve-out within the ocean.
Trump’s former fixer suggested the ex-president kept classified documents so he could effectively blackmail the government if he needed to.
The 15 boxes of material that Donald Trump grudgingly returned the the National Archives in January was clearly missing many of the documents that should have been there. Even after the FBI conducted a search of Trump’s Mar-a-Lago club over the summer, it’s not clear that well-known documents have been returned, including the letter President Barack Obama left for Trump and the correspondence between Trump and North Korean dictator Kim Jong-un.
Welcome to Nuts & Bolts, a guide to Democratic campaigns. I’ve helped write this series for years, using information from campaign managers, finance directors, field directors, trainers, and staff, responding to questions from Daily Kos Community and Staff members, and addressing issues that are sent to me via kosmail through Daily Kos.
A few years ago, I wrote a diary in this series about the absolute requirements I place around running a strong canvass.
Sen. Tommy Tuberville said Democrats support reparations for enslaved people’s descendants because “they think the people that do the crime are owed that.
The Michigan Democrat said that, while she would support President Joe Biden if he’s the 2024 nominee, the party desperately needs younger leaders.
“I am cautiously optimistic, I think it’s going to be a two-for-two,” said former U.N. Ambassador Bill Richardson after recent meetings with Russian leadership.
Pop-culture gossip is like catnip for Saturday Night Live. Celebrity misbehavior has fueled many, many of the show’s sketches over the years—some of them quick-witted and clever, some of them bizarre duds. But not all celebrity news is created equal: There’s Will Smith’s Oscars slap, and then there’s the befuddling recent fallout of the YouTube stars the Try Guys.
On Saturday, the Ukrainians hit the Kerch Strait Bridge, which leads from Russia to Crimea, with something—a missile, explosives planted by naval commandos, a truck laden with explosives. No one who knows is saying for sure. As is the way of military commentary in 2022, experts—real, fake, self-proclaimed—are studying the imagery floating around Twitter and insisting that they know just what happened.
When “Litany for Dictatorships” was published in 1935, the world was gripped by cruelty. Adolf Hitler had established concentration camps and—the same month the poem appeared in print—passed the Nuremberg Laws stripping German Jews of citizenship. Joseph Stalin controlled the Soviet Union through secret police and Gulags, while encouraging neighbors to turn one another in for supposed disloyalty.
As election returns rolled in on the evening of November 3, 2020, a local news host in Phoenix was starring in an intensely awkward broadcast. The Fox 10 anchor Kari Lake was refusing to call Arizona for Joe Biden—even though her network had already done so. “If [voters] wake up tomorrow or two days later and it flips,” she insisted, her pendant earrings swinging, “there’s distrust in the system.” Lake’s co-anchor, John Hook, lost patience.
Hajera gave birth to her daughter, Sarah, in Kabul two weeks after the Taliban took over Afghanistan last summer. Hajera is 35 and worked as a government economist. She and her husband already had two sons and were happy to be welcoming a daughter. But they soon lost their jobs, and the Taliban erased the rights women had gained over the previous two decades.An Afghan women’s-rights activist had connected me with Hajera, who was too afraid to share her last name.
The ruling means that abortions can again take place in Arizona, at least for now, unless the state Supreme Court steps in.
All passengers, including U.S. citizens and residents, who have been in Uganda in the last 21 days will be flown to airports in New York, Newark, Atlanta, Chicago or Washington.
As of Wednesday, abortions are almost entirely unavailable in 14 states and significantly limited in a 15th, according to a new report from the Guttmacher Institute.
The administration’s plans to create a new accelerator for Covid vaccines and treatments has hit a wall.
The move comes as President Joe Biden meets with officials, doctors and advocates to mark 100 days since Roe v. Wade was overturned.
It’s a rare moment for a Fed chair to toss aside all political considerations and ignore frantic investors.