There’s one hopeful sign for the Fed on inflation. Really.
Slower wage growth could help bring down prices and ultimately mean less sting for the average worker.
Slower wage growth could help bring down prices and ultimately mean less sting for the average worker.
Lower-income and Black and Hispanic Americans have been hit especially hard.
Biden officials have repeatedly touted the jobs numbers as evidence of the economy’s underlying strength, but slowing the labor market is essential to helping tame consumer prices.
Fears have mounted that the central bank might trigger a recession sometime in the next year with its aggressive rate action.
Following the resignation of British Prime Minister Boris Johnson, Finance Minister Rishi Sunak and Foreign Secretary Liz Truss have advanced to a runoff to succeed Johnson as Conservative leader, which would also make them prime minister. Both candidates would be “utterly devastating” for the U.K., says Guardian columnist George Monbiot. “What these people have to do to become prime minister is really to appeal to the worst instincts of humanity.
The “idea that he’d be allowed to skate, wouldn’t have to face any accountability for spurning a subpoena, it defies reason,” but he believed it, said Joshua Green.
The DOJ official, Jeffrey Clark, wanted to send a letter that then-White House counsel Pat Cipollone called a “murder-suicide pact” claiming election fraud.
The longtime ally of former President Donald Trump, has been convicted of contempt charges for defying a congressional subpoena from the Jan. 6 committee.
Moore, who weathered attacks on his biography, will be favored to win in November.
Former Donald Trump adviser Steve Bannon was found guilty of two counts of contempt of Congress on Friday by a jury that apparently didn’t have to deliberate too hard—the verdict came back in just three hours.
The Bannon verdict came as the media was chewing over the revelations of Thursday night’s Jan.
As if Metropolitan D.C. police officer Michael Fanone hadn’t been through enough while fighting a violent mob during the insurrection on the U.S. Capitol on Jan. 6, now he’s forced to deal with protestors harassing him.
According to reporting from The Washington Post, as Fanone, who retired from the police force last year, was leaving the House select committee hearings on Jan.
When prosecutors in Portland, Oregon, in 2019 filed riot charges against Joey Gibson, the leader of the Proud Boys-adjacent street-brawling group Patriot Prayer, it provided a glimmer of hope that the city’s law enforcement officials would finally start taking the organized violence against their citizens seriously.
It didn’t work out that way.
Critics just aren’t buying her claim that she was too busy taking White House inventory to notice her husband’s supporters were storming the Capitol.
The fundamentals of the 2022 midterms increasingly reveal a cycle that is departing from the historic norms most pundits have relied on as touch points for their analysis.
In particular, the generic ballot trend lines appear to be decoupling from President Joe Biden’s job approvals by the day. FiveThirtyEight’s generic ballot aggregate, for instance, had tightened Thursday to a mere 1-point advantage for Republicans, 44.3%-43.
Oh brother …
Western officials believe that Russia will likely begin another major offensive in Ukraine early next year in an effort to cut off Ukraine from the sea, FP’s @JackDetsch and @RobbieGramer report. https://t.
“We’re looking at … what are the ways the response could be enhanced, if any, by declaring a public health emergency,” said White House Covid response coordinator Ashish Jha.
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.Federal and state prosecutors may soon need to decide whether to bring charges against a former president and current front-runner for the Republican nomination.But first, here are three new stories from The Atlantic.
Stoicism has long been a powerful weapon in Ryan Gosling’s cinematic arsenal. One of his best-remembered films remains the taut 2011 thriller Drive, in which he played an unnamed stunt driver who is cool behind the wheel but monosyllabic in conversation. As Officer K in Blade Runner 2049, he was quite literally robotic, an artificial “replicant” designed to be void of emotion.
Experts say the president’s case is likely to stay mild.
Colson Whitehead once wrote that all it took to belong in New York City was an act of remembrance—the summoning of a piece of the city that no longer existed. “You are a New Yorker the first time you say, ‘That used to be Munsey’s’ or ‘That used to be the Tic Toc Lounge,’” he wrote. “You are a New Yorker when what was there before is more real and solid than what is here now.
If you listen to Americans right now, you’ll be forgiven for thinking that when it comes to the economy, Joe Biden is the worst American president since Herbert Hoover. Every new poll seems worse than the last, and according to the polling-analysis site FiveThirtyEight, Biden has the lowest approval rating at this point in his presidency of any postwar president.
I am on a mission to preserve the most valuable item in my home: my fiancé, who has never had COVID. Through sheer luck and a healthy dose of terror, he made it through the first pandemic year without getting sick. Shielded by the J&J vaccine and a Moderna booster, he dodged infection when I fell ill last November and coughed up the coronavirus all over our cramped New York City apartment.
The January 6 committee aired never-before-seen outtakes of President Trump’s speech on January 7, one day after the insurrection. He is seen initially reading a script that read “this election is now over. Congress has certified the results.” But Trump insisted on changing the script. “I don’t want to say the election is over,” Trump says in the video. “I just want to say Congress has certified the results, without saying the election is over.
During their eighth and final hearing until the fall, the January 6 House select committee aired new testimony from an anonymous national security official detailing how Mike Pence’s Secret Service agents feared for their lives during the breach of the Capitol. “There were calls to say goodbye to family members,” said the anonymous official. Despite knowledge of the growing mob, Trump decided to publish a tweet at 2:24 p.m.
The House Select Committee to Investigate the January 6th Attack on the United States Capitol held a primetime hearing on Thursday night focused on former President Donald Trump’s refusal to take action as his supporters attacked the Capitol on January 6. Lawmakers dissected the three-hour period on January 6 after Trump urged his supporters to march to the Capitol and “fight like hell.
The reorganization will put the office’s director on a par with those of larger agencies like the CDC and FDA
Governments on the continent and international donors must be ready to pay higher prices for African-made shots, experts and pharma industry representatives said.
Strategies for managing 130,000 new daily Covid cases are largely the same as they were for managing 30,000 new daily cases four months ago.
The agency has received criticism in recent months over its role in the infant formula shortage and its regulation of electronic cigarettes.
Slower wage growth could help bring down prices and ultimately mean less sting for the average worker.