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☆ US regional banks are still under pressure. That’s likely to continue
▼ + stars: | 2024-04-18 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —Despite overcoming a crisis in 2023, the pain isn’t over for America’s regional banks. Shares of New York Community Bank have tumbled 71%, Bank OZK shares have slid 16% and Webster Financial shares have lost 11%. Regional banks reported wide losses on their profits during the first quarter. PNC projects that its net interest income will fall between 4% to 5% in 2024 from last year. “I’m worried about a handful of [regional banks],” Bair told CNBC on Tuesday.

Persons: that’s, Jerome Powell, “, ” Powell, Sheila Bair, “ I’m, ” Bair, ” Tesla, Tesla, Elon Musk, Chris Isidore, Musk, Chancellor Kathaleen McCormick, Read, Samantha Delouya, —, Maximilian Kotz, Leonie Wenz, Noah Diffenbaugh Organizations: CNN Business, Bell, New York CNN, Regional Banking, New York Community Bank, Bank OZK, Webster Financial, PNC Financial, T Bank, US Bancorp, Citizens, PNC, Valley Bank, Signature Bank, First Republic Bank, Federal Reserve, Wilson Center, Federal Deposit Insurance Corporation, CNBC, Tesla, Securities and Exchange Commission, United Nations, Potsdam, Climate, CNN, Stanford University Locations: New York, Delaware, ” Delaware

☆ Climate change and global warming come with increasing economic cost to individuals
▼ + stars: | 2024-04-17 | by ( Samantha Delouya | ) edition.cnn.com time to read: +5 min

However, they say immediate actions to reduce climate change could stem some losses in the longer term. Noah Diffenbaugh, a professor and environmental researcher at Stanford University, said the economic damage from climate change will take different shapes. Researchers estimated it would cost the global economy $6 trillion by 2050 to comply with the Paris Climate Agreement—the international agreement among nearly 200 nations to tackle climate change—compared to the study’s estimated $38 trillion economic damage due to climate change. “That’s what’s likely to happen from the global warming that’s already occurred and what’s likely to happen even for small increments of global warming.”The Nature study estimated the economic damage of different regions. The ICF paper said price hikes on essential elements of the cost of living in the US will add up due to climate change.

Persons: –, Maximilian Kotz, Leonie Wenz, Noah Diffenbaugh, It’s, Wenz, Bernardo Bastien, Bastien, ” Bastien, “, ”, “ That’s, what’s, won’t Organizations: CNN, United Nations, Potsdam, Climate, Stanford University, Scripps Institute of Oceanography, University of California Locations: Nature, Paris, University of California San Diego, California, North America, Europe, South Asia, Africa, United States

☆ Oracle's Larry Ellison thinks every government will want to build a 'sovereign' AI cloud in the future
▼ + stars: | 2024-04-07 | by ( Michelle Castillo | ) www.cnbc.com time to read: +8 min

Oracle, which works with Nvidia and Microsoft on generative AI capabilities, has already helped use cloud tech to cut red tape for countries. For the first time, we're beginning to win business for countries," Ellison said. Countries including Serbia are standardizing on Oracle Cloud Infrastructure and using generative AI for processes like automating health care. Cloud and generative AI applications allowing countries to give rural areas internet access could increase educational opportunities and create more economic value. "There's the 'Black Mirror' bad side of it: Big Brother, data wars, AI warfare and all that stuff," Garder said.

Persons: Raimo Lenschow, Ellison, Oracle's Larry Ellison, it's, Elon Musk's, you've, we've, Dan Gardner, Tapan Parikh, Parikh, Garder, Gardner, Simone Bohnenberger, It's, Bohnenberger, there's Organizations: Oracle, Barclays, EU, Nvidia, Microsoft, European, Amazon, Department of Defense, Google, Infrastructure, Oracle Cloud Infrastructure, Cornell University, U.S Locations: Serbia, Albania, European Union, Kenya, Rwanda, U.S, China, TikTok

☆ Opinion: The one thing Biden and Trump agree on
▼ + stars: | 2024-03-10 | by ( Richard Galant | ) edition.cnn.com time to read: +17 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. That reference to Election Day is perhaps the only line in Trump’s speech that President Joe Biden would agree with. In another America, they would be collegial members of the Presidents Club, bonding over memories of how they overcame their thorniest challenges. “Biden sounded like he’s ready to go toe to toe with former President Donald Trump and win in November. Paul Sracic noted that Biden lost White voters without college degrees by 35 points in 2020.

Persons: CNN — “, Donald Trump, Joe Biden, Franklin D, Biden, …, Lincoln, Roosevelt’s, Trump, Joe Biden’s, ”, Jill Filipovic, Clay Jones, David Gergen, Daniel McCarthy, “, ” “ Biden, Ronald Reagan, Bill Clinton, wasn’t, ” Carrie Sheffield, ” Sheffield, “ Joe Biden, Roxanne Jones, “ Biden, Julian Zelizer, White, Paul Sracic, MAGA, Keith L, Magee, Patrick T, Brown, Dobbs, Roe, Wade, —, Bill Bramhall, Nick Anderson, Manisha Sinha, ” “, Abraham Lincoln, SCOTUS, Anderson, ” Sinha, Frida Ghitis, David Mark, Trump Drew Sheneman, CNN “, Cupp, Hillary Clinton, “ deplorables, ” Cupp, Bill McGuire, Jason Momoa, Ed Mierzwinski, Elena Sheppard, Kara Alaimo, It’s, Euny Hong, Greta Gerwig’s, Sandra, O’Connor, Jason Kelce, Matt Rourke, Jason Kelce’s, Amy Bass, “ Kelce, ” Bass, Jason, ” Dana Summers, Errol Louis, Liam Kerr, Sinema, Richard Salgado, Levinson Moriarty, Celine Song, Greta Gerwig, Barbie, Justine Triet, Alberto Rodriguez, Jaap Buitendijk, Kate Green, “ Oppenheimer, Noah Berlatsky, “ Barbie, “ It’s, ” Berlatsky, Barbie ’, Bradley Cooper’s, Maestro ’, Christopher Nolan’s ‘ Oppenheimer, clichés, Alexander Payne’s ‘, ’ Organizations: CNN, Super, GOP, Trump, Union, Presidents Club, “, Democratic, Twitter, Agency, Tribune, Supreme, Republican Party of, MSNBC, Consumer Financial, US Chamber of Commerce, US, Jason Kelce Philadelphia Eagles, Monday, Pro, Bowl, White, Warner Bros, Everett, Getty Locations: America, Joe Biden’s State, Trump, Washington, United States, Civil, American, New York City, Chicago, Denver, “, Paris, France

☆ Even some Republicans panned Sen. Katie Britt's disastrous State of the Union response
▼ + stars: | 2024-03-08 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

"Katie Britt passionately made the case on the need for a new direction and is being criticized by the liberal media. The State of the Union response is incredibly difficult. No State of the Union response could live up to that. Democrats, in particular, mocked how Britt delivered her lines with the passion of actor in search of an elusive Oscar. Tonight's response will be delivered by Sen. Katie Britt, who is 42. https://t.co/llQgQu8iX9 — Grace Segers (@Grace_Segers) March 8, 2024Biden is doing quite well for himself.

Persons: —, Sen, Katie Britt, Joe Biden's, Britt, Katie Boyd Britt, Olivia Perez, Cubas, Nikki Haley's, Alyssa Farah Griffin, I've, Griffin, CNN's Alyssa Farah Griffin, 41Fi6GKAQy, Justin Baragona, Joe Biden, Sean Ross, it's, Ronald Reagan's, Mr, Gorbachev, Heck, Bill Clinton's, Britt wasn't, Oscar, Pete Buttigieg, Britt shouldn't, Biden, Reagan, Grace Segers Organizations: Service, Alabama Republican, Republican Party's, Business, Trump White House, CNN, New York Times, Union, Republican, Daily, White House Locations: Alabama, Joe Biden's State, Washington

☆ How the fortune of one of America’s biggest pharmaceutical families has quietly funded conservative causes
▼ + stars: | 2024-03-03 | by ( Casey Tolan | ) edition.cnn.com time to read: +21 min

From The Searle Freedom TrustThis year, the Searle trust is poised to play an even bigger role as it empties out its coffers. Researchers who study political nonprofits say that the Searle trust has had a major impact, even as the Searle family has stayed under the radar compared to more well-known conservative benefactors. The Searle trust is one of the most prolific funders of conservative groups among all private foundations, according to a CNN analysis of nonprofit tax data. The Searle trust has given millions to the Foundation for Government Accountability, which has worked behind the scenes to push conservative policies such as stricter voting laws. Dennis, the CEO of the Searle trust, is also the chair of DonorsTrust.

Persons: Searle, Daniel C, Trump, Donald Trump, ”, Galen Hall, who’s, Kimberly Dennis, ” Searle, “, Sarah Scaife, doesn’t, Michael B, Thomas, SPN, They’ve, ” Brendan Fischer, Brendan Fischer, “ They’ve, ” Hall, Caleb Rossiter, ” Galen Hall, movement’s MAGA, It’s, Mike Pence, that’s, Dennis, Henry Ford, John D, Rockefeller, ” Fischer, Gideon, Michael Searle, ” Dennis, “ We’re, Dan, Gideon Daniel Searle, Daniel Searle, Jonathan Eig, Jack Searle, Daniel Searle’s, Gregory Pincus, John Rock, Pincus, weren’t, –, Sue, Eig, Margaret Marsh, Enovid, misoprostol, Searle –, Pfizer –, ” Daniel Searle, Donald Rumsfeld, Searles, Biden, Wade, Dobbs, Kristen Batstone Organizations: CNN, Searle Freedom Trust, University of Michigan, Sarah Scaife Foundation, Searle, American Enterprise Institute, Reason Foundation, Tax Foundation, Manhattan Institute, Cato Institute, Foundation, Government, State Policy Network, American Legislative Exchange Council, Fair, Pacific Legal Foundation, Federalist Society, Competitive Enterprise Institute, Environment Research Center, CO2 Coalition, Heartland Institute, ”, CO2, Heartland, Republican Party, movement’s, America, Policy Institute, Trump, American Freedom Foundation, Everett, FDA, Rutgers University, Pfizer, Monsanto, Heritage Foundation, Reason, Affordable, New Civil Liberties Alliance, Public Policy Center, Claremont, National Women’s Health Network, Trust, IRS Locations: Missouri, St, Louis , Missouri, California, judgeships, ”, Omaha, Metamucil, Dramamine, Puerto, Brazil, Diet Coke, America

They eat a lot.”Many states have rejected federal funds on principle or for technical reasons. Twenty-two states have turned down the mostly federally funded expansion of Medicaid eligibility to provide health insurance to more lower-income adults. Photos You Should See View All 33 ImagesThe Summer EBT program, a response to increased child hunger when school is out, involves much less money. Bill Lee's office said the initiative is a pandemic-era benefit and that other food programs already exist. But Crystal FitzSimons, director of school programs at Food Research and Action Center, cited research that families buy more nutritional food when their grocery subsidies increase.

Persons: Otibehia Allen, ” Allen, “, aren't, Thomas Vazquez, Bill Lee's, Megan Degenfelder, ”, Defenfelder, Allen's, Tate Reeves, Reeves, you’re, Jim Pillen, Lisa Davis, Kim Reynolds, Crystal FitzSimons, It's, ___ Mattise, Sean Murphy, James Pollard, Pollard Organizations: U.S . Department of Agriculture, Texas Health, Human Services Commission, Texas, Republican Gov, Food Research, Action Center, Associated Press, “, Republican, Washington D.C, Democratic, Action, America Statehouse News Initiative, America Locations: Clarksdale , Mississippi, States, Vermont, Texas, Tennessee, Wyoming, Louisiana, In Mississippi, Nebraska, Alabama, Alaska , Florida, Georgia , Idaho , Iowa, Louisiana , Mississippi , Oklahoma, South Carolina, South Dakota , Texas , Vermont, Nashville , Tennessee, Cherry Hill , New Jersey, Oklahoma City, Columbia , South Carolina

☆ Opinion | My Father, Ronald Reagan, Would Weep for America
▼ + stars: | 2024-02-11 | by ( Patti Davis | ) www.nytimes.com time to read: +1 min

The night before my father died, Ronald Reagan, I listened to his breathing — ragged, thin. Or of the man who lifted his voice to the overcast sky and said, “Mr. Long before my father ran for office, politics sat between us at the dinner table. The conversations were predictable: Big government was the problem, the demon, the thing America had to be wary of. I wanted to talk about the boy who bullied me on the school bus, not government overreach.

Persons: Ronald Reagan, “ Mr, Gorbachev, Long Organizations: America

BANGKOK (AP) — Shares were mixed Tuesday in Asia, where Chinese stocks surged after a government investment fund said it would step up stock purchases and a report said leader Xi Jinping was set to meet with officials to discuss the markets. The fund periodically steps up buying of shares in big state-owned banks and other companies to counter heavy selling pressure in the Chinese markets. On Monday, benchmarks in Shanghai and the smaller market in Shenzhen bounced between small gains and big losses, while share prices of state-run banks and other big companies rose. The Fed has yanked the federal funds rate to its highest level since 2001 to bring down high inflation. But there's also an upside for stocks from the U.S. economy's blasting through worries about a possible recession.

Persons: Xi Jinping, Xi, Hong, Seng, Australia's, India's, Jerome Powell, there's Organizations: Bloomberg, CSI, Central Huijin Investment, Nikkei, Dow Jones, Nasdaq, Federal Reserve, Institute for Supply, New York Mercantile Exchange, Brent Locations: BANGKOK, Asia, Shanghai, Shenzhen, South Korea, Bangkok

☆ Markets 'complacent' about the risks of a Trump win, strategist says
▼ + stars: | 2024-01-23 | by ( Elliot Smith | ) www.cnbc.com time to read: +4 min

Mike Segar | ReutersMarkets are "fairly complacent" about the risks of a second Donald Trump presidency, which could trigger a "tantrum" in long-duration bond markets, according to Guillermo Felices, principal and global investment strategist at PGIM. watch nowSome analysts are also looking ahead through a fiscal and geopolitical lens to November's U.S. presidential election and beyond. 'Fiscal risk' at a time of high deficit The crucial point, Felices acknowledged, is America's deteriorating fiscal position in recent decades. "The market is not really focusing too much on the potential upside risks to yields that are associated with this potential repricing of term premia. [Having] fiscal risks with the sort of deficit that the U.S. is running is a really, really important one that the market will have to come to terms with again."

Persons: Donald Trump, Mike Segar, Guillermo Felices, Felices, Trump, Fitch Organizations: U.S, Republican, New, Reuters, Dow Jones Industrial, Federal, Fed, CNBC, Trump, Bank of England Locations: New Hampshire, Rochester , New Hampshire, U.S

☆ Haley’s Policy Pitch Recalls a Bygone Era Before Trump’s Rise
▼ + stars: | 2024-01-20 | by ( Jonathan Weisman | ) www.nytimes.com time to read: +1 min

Nikki Haley is pitching voters on policies that recall an era when the Republican Party stood for a fiscal conscience and foreign policy leadership, at a time when the most sacred of federal programs and the international alliances that built the post-World War II era are under enormous strain. But the voice of contemporary Republican politics, Donald J. Trump, has been there to attack those appeals virtually ever day. On Tuesday, the voters of New Hampshire may decide whether the party can find a path back from Mr. Trump’s big government domestic policy and his isolationism abroad. Ms. Haley’s proposals to raise the retirement age for young workers and trim benefits for the wealthy while protecting Social Security and Medicare benefits for those at or near retirement may sound familiar to voters with any historical memory. Mr. Romney’s 2012 proposals were taken from the bipartisan commission assembled to address the budget deficit during Barack Obama’s presidency.

Persons: Nikki Haley, Donald J, Trump, Mitt Romney, Paul D, Ryan, George W, Bush’s, Romney’s, Barack Obama’s Organizations: Republican Party, Social Security, Social Locations: New Hampshire

☆ Cane toads: This warty, toxic pest threatens entire ecosystems. These scientists have a secret weapon
▼ + stars: | 2024-01-19 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +12 min

For the most part, the battle against cane toads has been mounted by local ecological warriors wearing rubber gloves who scan the streets for adult toads. But the Australians have a secret weapon not yet available worldwide – a lure that attracts cane toad tadpoles so thousands can be killed in one hit. To prove the theory, and try to mimic it, they’d first need a heap of dead cane toads. “In Florida, cane toads are mainly a socio-economic issue. Northern quolls – small carnivorous marsupials – get a cane toad sausage, goannas are fed tiny live toads and freshwater crocodiles receive cane toad legs with a dose of lithium chloride.

Persons: Australia CNN —, Gary King, “ Who’s, ”, King, Australia’s, Cane, Luke, Austin Rogers, “, “ There’s, we’re, Rob Capon, Rick Shine, Capon, ” Capon, they’d, it’s, you’ve, Jacob LaFond, Steve Johnson, that’s, ” LaFond, That’s, Nikki Tomsett, ” Tomsett, they’re, Sara McAllister, Connor, John Holmes, Hilary Whiteman, Connor Holmes, John, ” John, ” Connor Organizations: Australia CNN, University of Queensland, Macquarie University . Shine, Macquarie University, University of Tampa, University of Florida, Western Australia Department of Biodiversity, CNN Locations: Brisbane, Australia, South, Central America, Queensland, United States, Japan, Philippines, Papua New Guinea, Pacific, Caribbean, United Kingdom, koalas, North Queensland, Florida, Miami, “, South Florida, Australian, Hawaii, Derby, Western Australia, Northern

☆ DeSantis Says He Would Pass a Bill to ‘Supersede’ Obamacare
▼ + stars: | 2023-12-03 | by ( Maggie Astor | More About Maggie Astor | ) www.nytimes.com time to read: +1 min

Ron DeSantis of Florida said on Sunday that, if elected president, he would pursue legislation that would “supersede” the Affordable Care Act, echoing former President Donald J. Trump’s comments, which Democrats seized upon last week. “We’re going to look at the big institutions that are causing prices to be high — big pharma, big insurance and big government — but it’s going to need to be where you have a reform package that’s going to be put in place,” he said. “Obamacare promised lower premiums. After President Biden’s campaign denounced the statement, Mr. Trump wrote: “I don’t want to terminate Obamacare, I want to REPLACE IT with MUCH BETTER HEALTHCARE. Obamacare Sucks!!

Persons: Ron DeSantis, Donald J, Mr, DeSantis, ”, Trump’s, “ We’re, “ Obamacare, Trump, Biden’s Organizations: Affordable, Press, pharma Locations: Florida

☆ Influential Koch network backs Nikki Haley in GOP presidential primary
▼ + stars: | 2023-11-28 | by ( Fredreka Schouten | ) edition.cnn.com time to read: +5 min

CNN —The influential network associated with billionaire Charles Koch will throw its money and influence behind former South Carolina Gov. Nikki Haley in the Republican presidential primary, the group announced Tuesday. It’s clear that candidate is Nikki Haley,” Siedel said Tuesday. Nikki Haley represents a new generation of leadership and offers a bold, positive vision for our future. “Every dollar spent on Nikki Haley’s candidacy should be reported as an in-kind to the Trump campaign,” DeSantis spokesperson Andrew Romeo said in a statement.

Persons: Charles Koch, Nikki Haley, South Carolina Sen, Tim Scott, –, Donald Trump, Emily Seidel, “, ”, ” Siedel, Haley, Seidel, ” Haley, Ron DeSantis, ” Seidel, Koch, Nikki Haley’s, Trump, Andrew Romeo Organizations: CNN, South Carolina Gov, Republican, Prosperity, South, United Nations, South Carolina, AFP, Republican National Committee, “ AFP, Florida Gov, Trump, Republicans, GOP, –, White, Koch Locations: Iowa, South Carolina, South, United States

☆ Billionaire-backed Koch network endorses Nikki Haley for president
▼ + stars: | 2023-11-28 | by ( Brian Schwartz | ) www.cnbc.com time to read: +2 min

Republican presidential candidate and former U.S. Ambassador to the United Nations Nikki Haley listens as she is introduced during a campaign stop in Hooksett, New Hampshire, U.S., November 20, 2023. The political network largely financed by billionaire Charles Koch endorsed former U.S. ambassador to the United Nations Nikki Haley for president Tuesday, boosting her primary campaign against the Republican front-runner, former President Donald Trump. The Haley endorsement by the Koch-backed super PAC Americans for Prosperity Action marks the end of a yearlong search for a viable Republican alternative to challenge Trump. Americans for Prosperity Action has already spent millions of dollars so far bashing Trump this cycle, arguing that he would lose a general election to President Joe Biden.

Persons: Nikki Haley, Charles Koch, Donald Trump, Haley, Koch, Trump, Trump's, Joe Biden, I'm Organizations: U.S, United, Republican, PAC, Prosperity, South, Trump, AFP Locations: Hooksett , New Hampshire, U.S, South Carolina

☆ DeSantis campaign suffers massive blow as Koch-funded kingmaker calls Nikki Haley the best chance to beat Trump
▼ + stars: | 2023-11-28 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

The DeSantis campaign is not happy that Americans for Prosperity Action is backing Haley's 2024 bid. "Every dollar spent on Nikki Haley's candidacy should be reported as an in-kind to the Trump campaign," he continued. Haley on Tuesday said she was "honored" to have earned the endorsement from Americans for Prosperity Action. The DeSantis campaign has argued that Haley has no path to the GOP nomination, but no other candidate — including DeSantis — has been able to overtake Trump in polling in any of the early-nominating states. The support from Americans for Prosperity Action will now give Haley critical financial and organizational help in the lead-up to Iowa and New Hampshire.

Persons: Haley, Biden, DeSantis, Andrew Romeo, X, —, Ron DeSantis, Koch, Nikki Haley's, Donald Trump's, Donald Trump, Romeo, Trump, Bryan Griffin, Christina Pushaw, DeSantis — Organizations: Prosperity, GOP, Service, South, Trump, The New York Times, Hawkeye State Locations: South Carolina, Florida, New Hampshire, Iowa

NEW YORK (AP) — Americans for Prosperity, the political arm of the powerful Koch network, formally endorsed Nikki Haley's presidential campaign on Tuesday, promising to commit its nationwide army of activists — and virtually unlimited funds — to helping Haley defeat former President Donald Trump in the GOP primary contest. In a statement, DeSantis spokesman Andrew Romeo likened the Koch endorsement to a contribution to the Trump campaign. “Every dollar spent on Nikki Haley’s candidacy should be reported as an in-kind to the Trump campaign. While she has seized some momentum in the polls, he campaign lacked the same level of infrastructure on the ground in key primary states as DeSantis and Trump. “I’m honored to have the support of Americans for Prosperity Action, including its millions of grassroots members all across the country,” Nikki Haley said in a statement.

Persons: Koch, Nikki Haley's, —, Haley, Donald Trump, Nikki Haley, Joe Biden, Emily Seidel, Seidel, Ron DeSantis, DeSantis, Andrew Romeo, Trump, ” Romeo, Nikki Haley’s, “ I’m, ” Nikki Haley, ”, Meg Kinnard Organizations: Prosperity, GOP, America, Republican, AFP, Florida Gov, Trump Locations: AFP, Florida, Columbia , South Carolina

☆ How climate change got sucked into the culture wars
▼ + stars: | 2023-11-23 | by ( Laura Paddison | Ella Nilsen | ) edition.cnn.com time to read: +11 min

For an example of how climate change is increasingly becoming a flashpoint in the culture wars, Germany is a good place to start. Meanwhile, Spain’s far-right Vox party vowed to defend the country against “the new climate religion.”But to understand why climate change and the culture wars have become so enmeshed globally, experts say the United States probably holds the key. It’s effective, it does scare people.”The origins of the climate culture war in the US lie in the early 1990s, when a new push for global climate action collided with big geopolitical change, McCright said. Lightning rod for right wing mediaConservative media has played an outsized role in fueling culture war narratives, according to experts. Fox has “been laying the groundwork necessary for positioning climate policies as a culture war issue for a long time,” she said.

Persons: —, stoked, ”, Miranda Schreurs, Anger, Green, Kristin Brinker, Jörg, Stephan Lewandowsky, Rishi Sunak, “, ” Sunak, Vox, Ron DeSantis, ” DeSantis, Aaron McCright, McCright, ” McCright, ’, Brandon Bell, Lewandowsky, “ you’d, ” Alec Tyson, Alexandria Ocasio, Cortez, Sen, Ed Markey, Allison Fisher, Fisher, Fox, didn’t, Ed Matthew, Matthew said, Jennie King, ” King, Germany —, Matthew of E3G, ” Schreurs, “ it’s Organizations: CNN, Green Party, Technical University of Munich, University of Bristol, British, Justice, Florida Gov, Republican, Michigan State University, Oil, Republicans, Pew Research, Pew, Conservative, Massachusetts, Green, Deal, Fox, Media, Institute for Strategic Locations: Germany, Charlottenburg, Berlin, Europe, United States, West Texas, Florida, American, Kyoto, Soviet Union, Federal, Midland , Texas, Alexandria, Cortez of New York

☆ Exclusive: China's clashing priorities behind rare money market distress
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +7 min

"Banks were grudging in lending, leaving non-banks asking each other for money in afternoon trade," he said. The reasons for the spike in interest rates and the ensuing market chaos are detailed here for the first time. They affect foreign exchange movements since the markets are the major avenue for the supply of money. The money market operator CFETS told traders to keep a 5% ceiling on repo transactions and said anyone involved in high-rate deals closed on Oct. 31 would need to explain themselves to regulators, according to sources who received the notice. "If the pattern of money supply and liquidity provision remains unchanged, the whole system remains fragile.

Persons: Xia Chun, Banks, outflows, CFETS, Tom Westbrook, Vidya Ranganathan, Raju Gopalakrishnan Organizations: People's Bank of China, China Foreign Exchange Trade, Yintech Investment Holdings, Reuters, China Everbright Bank, Co, China Central Depository, Shanghai Clearing House, Shanghai, Thomson Locations: SHANGHAI, SINGAPORE, Beijing, Shanghai, China

☆ Big government will drive the next market cycle
▼ + stars: | 2023-10-31 | by ( Francesco Guerrera | ) www.reuters.com time to read: +8 min

Growth picked up while quiescent inflation permitted interest rates to fall. Bereft of government support, central banks tried to stimulate their economies by pushing interest rates to new lows. That means interest rates will struggle to return to the ultra-low levels seen after 2008. The first takeaway is that higher debt levels, inflation and interest rates should be bad for bonds. Vincent Deluard of StoneX has proposed a division between intangible and tangible companies.

Persons: Kevin Lamarque, ” Ronald Reagan’s, Milton Friedman –, Britain’s Margaret Thatcher –, Reaganomics ”, Réka Juhász, Nathan J, Lane, Dani Rodrik, government’s, Vincent Deluard, StoneX, Lockheed Martin, Peter Thal Larsen, Oliver Taslic, Thomas Shum Organizations: Republicans, Capitol, REUTERS, Reuters, Bank, Asset, Monetary Fund, Treasury, Capital Economics, Reuters Graphics Reuters Graphics, Capital, Facebook, Meta, Lockheed, Micron Technology, U.S, Congress, Nasdaq, Energy, Exxon Mobil, Labour Party, Thomson Locations: Washington , U.S, “, Ukraine, Covid, Europe, United States, United Kingdom, Germany, Japan

After Boebert won her last race by just 546 votes, she began revamping her campaign strategy. So-called ballot harvesting, which she's decried as an underhanded Democratic tactic, will be part of her campaign strategy. While campaigning in the district this election, Boebert seems “more empathetic" than her disruptive national profile. At events and debates in the last election, Boebert railed against then-Speaker Nancy Pelosi, who became a foil for bloated government, a broken system and Democratic demagoguery. After Colorado's largely city dwellers voted to reintroduce wolves to Colorado, Boebert has also proposed legislation to give ranchers greater recourse to defend their flocks.

Persons: Lauren Boebert, ”, Boebert, “, Beverly Cuyler, Adam Frisch, MAGA, Donald Trump’s, she's, Dave Williams, Frisch, ” Boebert, she’s, Drew Sexton, it’s, Cody Perkins, Perkins, Dusty Mars, ” Dennis Anderson, Nancy Pelosi, Donald Trump, Biden, Seth Masket, Boebert’s, Masket, Pelosi's, —, Joe Biden, Colorado's, you’ve Organizations: Washington , D.C, Colorado Republican Party, Republican, Boebert, Democratic, Center, Politics, Associated Press, America Statehouse News Initiative, America Locations: SPRINGS, Colo, Washington ,, Colorado, Archuleta County, Rocky, American, Boebert, Denver, Archuleta

☆ Can Joe Biden and a fistful of cash win rural America for Democrats?
▼ + stars: | 2023-09-15 | by ( Andrea Shalal | ) www.reuters.com time to read: +9 min

Trump widened his lead among rural voters to 65% in 2020 from 59% in 2016. That includes $20 billion for rural health systems, $20 billion for clean-energy agriculture projects, $11 billion for rural electrification and $13 billion towards rural clean energy projects, the White House calculates. "You get out into the rural areas, and the folks are older and don't have the educational level. USDA data shows 21% of working-age adults in rural areas have at least a bachelor's degree compared to 37% in urban areas. "Biden and [Democratic] Maine Governor Janet Mills: they're too much bleeding hearts.

Persons: Joe Biden's, Andrea Shalal, Rhiannon Hampson, she's, Hampson, We've, Donald Trump, Trump, Barack Obama, Mark Brewer, Suzanne Mettler, Trevor Brown, Brown, Ron Kaufman, Kaufman, Mitt Romney, George H, Bush, Biden, Tom Perez, I'm, John Piotti, James Gimpel, Gimpel, Orange, Dick Bouchard, Janet Mills, Jared Golden, overplaying, TRUMP, Paul Tewes, Matt Hildreth, Nathan Layne, Heather Timmons, Suzanne Goldenberg Organizations: REUTERS, Rights, U.S . Department, Republicans, Democratic, Biden, Republican, Reuters Graphics Reuters, Trump, University of Maine, Cornell, Republican National Committee, Democratic National Committee, Political, Trust, Pew, Center for Information, Research, Civic, Tufts University . White, Family Foundation, Data, University of Maryland, Pew Research, DEMOCRATS Maine, Maine, Reuters, Democrats, Democratic Party, Thomson Locations: Waterville , Maine, U.S, Waterville, Presque Isle, America, North Carolina, Georgia, Wisconsin, Pennsylvania, Maine, Orono, Nebraska, Massachusetts, Utah, Maine's, Vietnam, Poland, Iowa, Ohio , Montana

☆ Another inflation wave may be coming as big government spending and high energy costs push prices up, former White House economist says
▼ + stars: | 2023-08-29 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Inflation could rebound, thanks to high energy prices and hot economic growth. "We're going to see another inflation wave that's going to be stimulated by high growth and by higher energy prices." But there are still lingering price pressures in the economy that could bring on a resurgence of hot inflation, Hassett warned. In Hassett's view, interest rates could "for sure" rise to 6%, a level unseen since December 2000 and something that most investors likely haven't priced into assets. AdvertisementAdvertisementHigher interest rates could spell trouble for stocks and the economy as financial conditions continue to tighten.

Persons: Kevin Hassett, Trump, Hassett, There's Organizations: Service, White House, of Economic, CNBC, White, Atlanta, CPI, AAA, New York Fed Locations: Wall, Silicon

☆ These environmental laws are making it harder to fight climate change
▼ + stars: | 2023-08-12 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +9 min

New Jersey has sued to block New York City's congestion price law using environmental review. The environmental review process has “metastasized well beyond what anyone intended it to be,” Dourado said. “To me, it’s clearly dysfunctional.”Reform effortsThe need to reform the environmental review process has become a bipartisan issue in recent years. Some environmental groups believe these reforms are needed to advance clean energy progress and other goals. While the Environmental Defense Fund supports the Biden administration’s reforms to NEPA, it’s against a draconian rollback of environmental review, he said.

Persons: Michael Nagle, ”, Howard Slatkin, Richard Nixon, Paul Sabin, ” Sabin, Eli Dourado, “, ” Dourado, Elgie Holstein, Bill Clinton, Barack Obama, Donald Trump’s, Joe Biden’s, ” Holstein Organizations: New, New York CNN, Environmental, Bloomberg, Getty Images, Federal, Administration, NEPA, Congress, Democrats, Citizens Housing, Planning, Reform, University of California, Magna Carta, Act, Yale University, “ Public, Big Government, Richard Nixon Presidential Library & Museum, Center for Growth, Utah State University, “, Environmental Defense Fund, Biden Locations: New York, Manhattan, New Jersey, York, Jersey, London, Stockholm, United States, New York City, Berkeley, Minneapolis

REUTERS/Adrees LatifEAGLE PASS, Texas, Aug 11 (Reuters) - The leafy trees on Magali and Hugo Urbina's 350-acre orchard next to the Rio Grande river in Eagle Pass, Texas, should be bursting with pecans this time of year. Migrants for years have forged the river from Mexico to Eagle Pass, part of increasingly higher numbers of people crossing illegally in recent years. He has accused Biden of failing to enforce migration laws and said he has the authority to "defend" Texas' border. Immigration enforcement is a federal responsibility, with Customs and Border Protection (CBP) tasked with securing the border. ENVIRONMENTAL RISKSIn Eagle Pass, sediment falling into the river from the installation of fences and buoys is already altering the water's flow, according to environmentalists.

Persons: Adrees Latif, Hugo Urbina's, Greg Abbott's, Magali, Abbott, Joe Biden, Hugo, breastfed, Biden, Martin Castro, Laiken Jordahl, Daina Beth Solomon, Ted Hesson, Stephen Eisenhammer, Diane Craft Organizations: REUTERS, PASS, Texas, Republican, Star, Democratic, National Guard, Reuters, Watershed, Rio, Customs, Border Protection, of Justice, Department of Homeland Security, Center for Biological Diversity, Thomson Locations: United States, Mexico, Eagle Pass , Texas, U.S, Texas, Rio Grande, Eagle, Venezuelan, States, Mexico City

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