The Fed’s Powell is squeezing the global economy
The Fed’s interest rate hikes have fueled market turmoil by boosting the value of the dollar and feeding higher borrowing costs.
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.
Russian sources on Telegram are reporting that Russian Defense Minister Sergei Shoigu and Army Chief of the General Staff Valery Gerasimov have both been removed from their roles. According to the channel for the Wagner mercenary group, this is directly related to the explosion which heavily damaged the Kerch Bridge connecting the Crimea Oblast in Ukraine with Russia.
This may or may not be true.
The climate advocacy group Evergreen Action wants the Environmental Protection Agency to take a good, hard look at the 10 crucial rules it must finalize in order to hold the power sector accountable. According to Evergreen Action’s latest report, six rules—including carbon standards for new and existing power plants, stronger standards for air toxins, and stronger national smog and soot standards—have been delayed.
Connect! Unite! Act! is a weekly series encouraging the creation of face-to-face networks in each congressional district. Groups meet to socialize, support candidates, get out the vote, and engage in other local political actions that help our progressive movement grow and exert maximum influence on the powers that be.
The Justice Department will now have the cooperation of Proud Boy Jeremy Bertino in its case against the extremist group’s leader, Henry “Enrique” Tarrio, and four other members currently facing charges of seditious conspiracy.
Bertino, a resident of North Carolina, entered his guilty plea before U.S. District Judge Timothy Kelly in Washington, D.C., on Thursday. In addition to admitting that he conspired to forcibly stop the transfer of power on Jan.
Within a few weeks of the Jan. 6 insurrection, it became crystal clear that the Republican Party, by openly embracing both Donald Trump’s Big Lie that fueled the violent attack on democracy and the mob of far-right “Patriots” who undertook it, had ceased to be a viable partner in American democracy.
See photos from the nationwide demonstrations.
Although junior justices can oftentimes feel overwhelmed, the high court’s newest member was extremely engaged in proceedings.
Focus group participants in Georgia who voted for Trump in 2016 and Biden in 2020 were fond of Gov. Brian Kemp but cooler on the GOP Senate nominee.
Prominent conservatives are claiming the Biden administration launched a “war on pro-lifers” after the Justice Department arrested several protesters for blocking access to abortion clinics.
Not long ago, a colleague who’s squeamish about horror movies described some of the scariest films she’d been able to make it through. One of the titles she mentioned? Bong Joon Ho’s Parasite. But wait, I thought, that’s not a horror movie. A tense thriller, maybe, a satirical drama with some frightening set pieces, but not something that would’ve been put on the “horror” shelf in video stores, back when video stores existed.
The short-lived Weimar Republic—which spanned the years after Germany’s defeat in World War I until 1933, when Hitler came to power—has become a paradigmatic example of democratic collapse. That has brought it renewed attention at this moment in America, when democracy is under threat from illiberal, would-be-authoritarian forces.
Photographs by Jack Lueders-BoothSince leaving the insurance business for photography in 1970, Jack Lueders-Booth has used light, handheld cameras to capture spontaneous moments among his subjects, whether they are motorcycle racers or women in prison, Tijuana garbage pickers or the denizens of his local corner store.
Last spring in Kyiv, in the spartan second-floor office of the Center for Civil Liberties—which has just received the 2022 Nobel Peace Prize—I met the organization’s leader, Oleksandra Matviychuk. I didn’t know much about her then, and she was pressed between appointments, and the interview threatened to become the kind whose purpose neither side understands. But within a few minutes I realized that she was a remarkable person doing remarkable work.
The South Carolina Republican also snapped at the bereaved mother of a police officer for speaking ill of Donald Trump, according to writer Michael Fanone.
Two Republican governors last month sent asylum seekers to the two most Democratic places they could think of—Martha’s Vineyard and the doorstep of Kamala Harris’s house in Washington, D.C. Ron DeSantis of Florida and Greg Abbott of Texas have made no secret of the message they were trying to send: Immigrants are a burden, and one that Democratic states should share.
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.
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.