‘When do you stop?’: Fed inflation fight could trigger slump
Things are so dire that central bank policymakers might hike rates by three-quarters of a percentage point, a move not taken in almost 30 years.
Things are so dire that central bank policymakers might hike rates by three-quarters of a percentage point, a move not taken in almost 30 years.
America’s rampant inflation is imposing severe pressures on families, forcing them to pay much more for food, gas and rent.
In the final part of our Juneteenth special broadcast, we look at Harvard University’s recent report detailing the school’s extensive ties to slavery and pledged $100 million for a fund for scholars to continue to research the topic. The report documents dozens of prominent people associated with Harvard who enslaved people, including four Harvard presidents.
Lawmakers have been working to bridge a political impasse after the mass shooting at an elementary school in Uvalde, Texas, last month.
For its fourth hearing, the January 6 committee provided the nation with a battery of new details about a plot that investigators say former President Donald Trump, his attorneys, advisers, members of his administration, and some members of Congress deployed so that the 45th president could stay in power despite losing the 2020 election to now-President Joe Biden.
In the news today: The House select committee investigating the Jan. 6 coup attempt today heard evidence of Republican attempts to place fake electoral counts for several states in the hands of Vice President Mike Pence, thus allowing Pence to claim the counts for those states were “in dispute.
Donald Trump’s final day as a political force will come eventually—with the heat death of the universe, if nothing else. Right now, Fulton County, Georgia, District Attorney Fani Willis is racing against the House Jan.
In the Academy Award-winning 1984 film Amadeus, F. Murray Abraham brilliantly portrayed Antonio Salieri as a mediocre court composer who was so threatened by the meteoric rise and prodigious talents of Wolfgang Mozart that he spent the better part of his life mired in spite, trying to bring Mozart down.
Britt triumphed over Rep. Mo Brooks in a race where former President Donald Trump flipped his initial endorsement to belatedly support her.
New Jersey’s Cory Booker joined California farmworkers last week to harvest lettuce, plant tomatoes, and prepare leafy greens for selling, becoming the second U.S. senator to take part in the “Take Our Jobs” campaign.
To date, only Booker and California Senator Alex Padilla have accepted the challenge from United Farm Workers’ (UFW), UFW Foundation (UFWF), and farmworkers to work side-by-side with them for one day.
The new laws that Democratic Gov. Jon Bel Edwards signed anticipate the fall of the Supreme Court decision in Roe v. Wade.
The Bipartisan Safer Communities Act includes modest curbs on obtaining firearms, and aid for mental health and schools.
Ravnsborg was immediately removed from office and is barred from serving in public office ever again.
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.As more truths about Donald Trump and his attempted coup come out, I fear there will be more irrational anger and threats from people who cannot bear the truth.But first, here are three new stories from The Atlantic.
Beware the luxury beach resort.
Russia has a plan for Ukraine.
This is an edition of Up for Debate, a newsletter by Conor Friedersdorf. On Wednesdays, he rounds up timely conversations and solicits reader responses to one thought-provoking question. Later, he publishes some thoughtful replies. Sign up for the newsletter here.Last week I wrote, “Pick your poison: high inflation or a recession. Which would you prefer and why?”Dan makes a strong case for recession over inflation. “The reasons are many,” he writes:
1.
The American mall has supposedly been dying for years. The Guardian announced its death in 2014, in an article featuring Seph Lawless’s photography of abandoned malls, their once-lively atriums gone to seed. In 2015, The New York Times published its own photography of eerily empty buildings in Ohio and Maryland.
In the summer of 2003, just weeks after an outbreak of monkeypox sickened about 70 people across the Midwest, Mark Slifka visited “the super-spreader,” he told me, “who infected half of Wisconsin’s cases.”Chewy, a prairie dog, had by that point succumbed to the disease, which he’d almost certainly caught in an exotic-animal facility that he’d shared with infected pouched rats from Ghana.
The comedian Dave Chappelle returned to his hometown of Washington, D.C., Monday night—and to a painful controversy.Chappelle is a graduate of—and generous donor to—Washington’s Duke Ellington School of the Arts. In 2017, the school completed an ambitious renovation. To express recognition and thanks to Chappelle, the school proposed to name its theater for him.
Colombian President-elect Gustavo Petro spoke to Democracy Now! in 2018 about his vision for the country after he placed second in the presidential election, losing to right-wing politician Iván Duque. Petro is a former M-19 guerrilla and the former mayor of Bogotá. “A new progressivism is emerging,” explained Petro.
Following the historic victory in Colombia’s presidential election of former guerrilla member, former senator and former mayor of Bogotá Gustavo Petro and his running mate, the Afro-Colombian environmentalist Francia Márquez Mina, we feature interviews with each of the candidates on Democracy Now! Francia Márquez Mina is set to become Colombia’s first Black vice president. We spoke to her in March, when she was running for president.
Colombia made history Sunday as voters elected former guerrilla member Gustavo Petro as the country’s first leftist president and environmental activist Francia Márquez Mina as the country’s first Black vice president. The pair, gaining over 50% of the vote, defeated right-wing real estate millionaire Rodolfo Hernández but will now face a major challenge to pass legislation in the conservative Congress, where they lack a majority.
Shots will be be available for children from 6 months to 5 years as early as next week.
The Iowa Supreme Court cleared the way for lawmakers to severely limit or even ban abortion in the state.
Now the CDC’s vaccine expert panel will review for recommendation to the CDC director.
Some 25,000 are now in the national emergency strategic stockpile.
Fears have mounted that the central bank might trigger a recession sometime in the next year with its aggressive rate action.
Things are so dire that central bank policymakers might hike rates by three-quarters of a percentage point, a move not taken in almost 30 years.
America’s rampant inflation is imposing severe pressures on families, forcing them to pay much more for food, gas and rent.
We speak with Bishop William Barber and Reverend Liz Theoharis, co-chairs of the Poor People’s Campaign, about plans for Saturday’s Moral March on Washington and to the Polls to demand the government address key issues facing poor and low-income communities. The march will bring together thousands of people from diverse backgrounds to speak out against the country’s rising poverty rates, voter suppression in low-income communities and more.
During Thursday’s third public hearing of the House committee investigating the January 6 insurrection at the Capitol, Trump White House lawyer Eric Herschmann described in recorded testimony his call with John Eastman, the lawyer advising former President Trump on the plan to overturn the 2020 election. The call took place on January 7, one day after the deadly insurrection.