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☆ Nearly 30,000 objects are hurtling through near-Earth orbit. That’s not just a problem for space
▼ + stars: | 2024-02-21 | by ( Bill Weir | ) edition.cnn.com time to read: +6 min

Then there is the space junk — nearly 30,000 objects bigger than a softball hurtling a few hundred miles above Earth, ten times faster than a bullet. Other analysts recently estimated the number likely to make it to orbit is closer to 20,000. “Ten years ago, people thought that our founder was crazy for even talking about space debris,” Ron Lopez told CNN while strolling past the Smithsonian Air and Space Museum in Washington, DC. The satellite, named “On Closer Inspection,” will observe the motions of a rocket stage that was left in low-Earth orbit in 2009. Astroscale’s mission will use cameras and sensors to study the rocket debris and figure out how to get it out of orbit.

Persons: ”, Troy Thornberry, “, ” Thornberry, Neil Armstrong’s, Donald Kessler, “ Kessler, Ron Lopez, ” Lopez, Lopez, Astroscale Organizations: CNN, Sputnik, NOAA, NOAA’s Chemical Sciences Laboratory, US, Surveillance, NASA, SpaceX, Space, Smithsonian Air, Space Museum, Rocket, Rocket Lab Locations: Washington ,, Astroscale, New Zealand, Japan

Periods of high inflation would offset those when inflation was low as occurred between the financial crisis and the pandemic. Those concerns may not matter anymore if the pandemic has driven inflation and interest rates chronically higher. Speaking at a Boston Fed labor market conference in November, Kohn said the new framework showed the risks of not keeping inflation at bay to begin with. "Probing" for maximum employment "can't ignore...inflation risks," Kohn said, calling for a return to a strategy disavowed in the last review. "I think preemptive tightening is best-practice central banking, and I hope they return to allowing that."

Persons: Joshua Roberts, Jerome Powell, There's, Miesha Williams, Powell, Charles Evans, Evans, Fed, Loretta Mester, Austan Goolsbee, Goolsbee, Donald Kohn, Kohn, Howard Schneider, Dan Burns, Andrea Ricci Organizations: Federal Reserve, REUTERS, Rights, U.S, Federal, Spelman College, Reuters, Chicago Fed, Chicago, Cleveland Fed, Boston Fed, Thomson Locations: Washington , U.S, Atlanta

☆ The door is still open for more rate hikes, says former Fed official Donald Kohn
▼ + stars: | 2023-11-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe door is still open for more rate hikes, says former Fed official Donald KohnDonald Kohn, former Fed vice chairman, joins 'Squawk on the Street' to discuss if Kohn thinks the Federal Reserve is done with rate hikes, where investors are on the 10-year yield, and more.

Persons: Donald Kohn Donald Kohn, Kohn

BOWLING GREEN, Ky. (AP) — Republican voter Mark Cook stuck with his party in Kentucky's last election for governor. Once again, Warren County, which includes the leafy, fast-growing college town of Bowling Green, looms as a potential swing area. Those undecided voters included Carol Martin of Bowling Green, who wanted to hear more from both candidates. “I believe him," the retiree said while strolling through a downtown Bowling Green park. "And what you see is what you get.”A Republican lawmaker from Bowling Green had a different view.

Persons: Mark Cook, Andy Beshear, Cook, Donald Trump, Joe Biden, Beshear, “ He's, ” Cook, “ I’ve, I’m, Daniel Cameron, Kentuckians, Matt Bevin, Trump, Cameron, ”, Scott Lasley, “, Carol Martin, Martin, “ I’m, Bevin, Dale Chaffin, Chaffin, Still, what's, Donald Kubeny, Roe, Wade, he’s, Linda King's, ” King, Gary Jolly, Susann Davis, ” Davis, Olivia Thomas, Patti Minter, it’s, Minter, Sen, Mike Wilson, Daniel Organizations: — Republican, Republican, Democratic, Bluegrass State, ”, Beshear, Western Kentucky University, National Corvette Museum, Bowling Green, Northern Kentucky University, “, Democrat, Cameron, Supreme, Bowling, GOP, reined, Former, Bowling Green Democrat Locations: Ky, Kentucky's, Kentucky, Bowling, Appalachia, Mississippi, Warren County, It's, Louisville, Western Kentucky, Fayette County, Lexington, ”, Highland Heights, bologna, U.S, Bowling Green

DENVER (AP) — A Colorado judge has rejected an attempt by former President Donald Trump to dismiss a lawsuit that seeks to keep him off the state ballot, ruling that his objections on free-speech grounds did not apply. Trump’s attorneys argued that a Colorado law protecting people from being sued over exercising their free speech rights shielded him from the lawsuit, but Colorado District Judge Sarah Wallace said that law doesn’t apply in this case. They also assert that the 14th Amendment requires an act of Congress to be enforced and that it doesn't apply to Trump, anyway. “The framers of the 14th Amendment never intended for it to apply to the President,” he wrote. The trial to determine Trump's eligibility for the Colorado ballot is scheduled to start Oct. 30.

Persons: Donald Trump, Sarah Wallace, doesn’t, Wallace, Donald K, Sherman, Geoffrey Blue, didn't, Trump, Joe Biden's, Blue, “, ”, ___ Gruver Organizations: DENVER, Colorado, Trump, U.S, Supreme, Washington , D.C, Capitol Locations: Colorado, Washington, Denver, Minnesota, Michigan, Washington ,, Georgia, Cheyenne , Wyoming

The badly decomposed body of Abdul-Ghani Wahhaj was eventually found in an underground tunnel at the compound. She said her husband and his sister traveled abroad to learn more about alternative healing based on the Quran. After she demanded a divorce, Ramzi said that Siraj Ibn Wahhaj took their son to a park and never returned. Morton and Siraj Ibn Wahhaj were also charged with conspiracy to kill U.S. government personnel. Leveille was initially charged with kidnapping and terrorism-related charges but she has agreed to accept a reduced sentence on weapons charges.

Persons: Abdul, Ghani Wahhaj, Hakima Ramzi, Siraj Ibn Wahhaj, “, ”, Ramzi, Jesus Christ, Hujrah, Subhanah, Lucas Morton, Morton, Prosecutors, Jany Leveille, Ghani, foamed, Leveille, Subhanah Wahhaj, Donald Kochersberger, Siraj Wahhaj, Wahhaj, “ We're Organizations: —, Authorities, Trade Center Locations: ALBUQUERQUE, N.M, Georgia, New Mexico, Colorado, Morocco, United States, Haitian, New York City

The U.S. economy has avoided a threatened banking crisis and financial markets have not only aligned with the Federal Reserve's tight-credit policies but of late even helped the process by bidding up market interest rates. "I think Powell’s main effort is going to be explaining to what degree you want to hold (interest rates) higher for longer in the current outlook." Investors in contracts tied to the Fed's benchmark interest rate currently expect the Fed to begin reducing the policy rate next year from the current level set between 5.25% and 5.5%. Fed officials in fact have begun discussing the possibility of rate cuts down the road, at least in the context of steadily falling inflation. If inflation does decline as expected, Fed officials including Powell have suggested rate reductions might be appropriate to maintain a roughly constant inflation-adjusted "real rate."

Persons: Jerome Powell, Jackson, Jim Urquhart, JACKSON, Antulio Bomfim, Powell, who've, isn't, Adam Posen, William English, Donald Kohn, Howard Schneider, Andrea Ricci Organizations: REUTERS, Federal, Kansas, Fed, Northern Trust, Bank of England's, Committee, Peterson Institute for International Economics, Yale School of Management, Brookings Institution, Thomson Locations: Teton, Jackson , Wyoming, U.S, , Wyoming, Washington

☆ Why the US ‘does not get to assume that it lasts forever’
▼ + stars: | 2023-07-04 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +18 min

“We need to separate by red states and blue states and shrink the federal government,” Greene said in a tweet on President’s Day this year. Blue state governors, legislatures and mayors might respond to such an offensive in forceful ways difficult to predict today. The Republican-appointed majority on the US Supreme Court has encouraged the red state social offensive with decisions that stripped away national rights – most prominently on abortion and voting. “Given the make-up of the courts, it’s difficult for blue states to be hopeful about this,” says Kettl. “The United States does not get to assume that it lasts forever.”

Persons: we’ve, ”, Donald Kettl, Donald Trump, I’ve, ’ “, Trump, Daniel Cox, Alan Wolfe, Wolfe, ” Wolfe, “, Joe Biden, Trump –, Abraham Lincoln, Marjorie Taylor Greene, Kevin McCarthy, ” Greene, Susan Stokes, Stokes, he’s, Biden, Jim Crow, Cox, Michael Podhorzer, what’s, MAGA, Eric Liu, Liu, Richard Nixon’s, Liu’s, ” Liu Organizations: CNN, America, University of Maryland’s School of Public Policy, Republican “, American Enterprise Institute, Boston University, Republican, Democratic, Chicago Center, Democracy, University of Chicago, CBS, Trump, National Guard, Fugitive, “, US, GOP, White House, AFL, Citizen University Locations: United States, States, America, Black, Confederate States, Georgia, Midwest, Heartland, Great, New York, Memphis, Austin, Blue, Michigan , Pennsylvania, Wisconsin, Arizona

☆ Economists are torn on whether the Fed’s pause will backfire
▼ + stars: | 2023-06-14 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +3 min

Fed Chair Jerome Powell said the rate hike pause will give officials more time to evaluate the effects rate hikes have had on the economy so far. But he left the door open for the possibility of more rate hikes at future meetings. “Every time they relaxed rates inflation would ratchet up,” said Michael Bordo, an economics professor and director of the Center for Monetary and Financial History at Rutgers University. Many economists agree the Fed is not confronting the extreme dilemma Paul Volcker faced during his time as Fed Chair from 1979 to 1987. The Fed’s pause “doesn’t necessarily have adverse implications for inflation,” he said.

Persons: Jerome Powell, ” Powell, ”, Michael Bordo, Paul Volcker, “, Donald Kohn, Powell, Bordo, George Selgin Organizations: New, New York CNN, Federal, Center for Monetary, Rutgers University, Fed, CNN, Cato Institute Locations: New York

☆ Fed made right call on interest rate decision, says former Fed official Donald Kohn
▼ + stars: | 2023-05-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed made right call on interest rate decision, says former Fed official Donald KohnDonald Kohn, former Fed vice chairman and current senior fellow at Brookings, joins 'Squawk on the Street' to discuss the Fed's decision to raise rates another 25 bps, and the Fed's regulatory focus.

☆ A drug company abandoned a treatment for ‘bubble boy disease.’ After a 5-year fight, this little girl is about to get it
▼ + stars: | 2023-04-27 | by ( Elizabeth Cohen Lauren Mascarenhas | Elizabeth Cohen | Lauren Mascarenhas | ) edition.cnn.com time to read: +29 min

The Sulacks weighed their options: Have a transplant with a match that was less than ideal – far less – or wait for gene therapy to become available. The news release didn’t say anything else about the SCID gene therapy. Or was the company abandoning its plans for SCID gene therapy altogether? In February, 2021, the parents of more than 20 children who were waiting for the gene therapy treatment, including the Sulacks, wrote a letter to Gaspar. Insurance companies have sometimes balked at paying for gene therapy, which is typically given in one treatment.

☆ Leaked Pentagon docs show the shot-down Chinese spy balloon may have had a feature known as 'synthetic aperture radar' that can see through certain materials, WaPo reports
▼ + stars: | 2023-04-16 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +3 min

The shot-down Chinese spy balloon may have had synthetic aperture radar, the Washington Post reports. SAR is used around the world by organizations like NASA and the European Space Agency. "The amount of solar power generated by the panels on the Chinese stratospheric balloon that NSA named Killeen-23 is excessive for a weather balloon," the document reads. Synthetic aperture radar is the solution to the problem with real aperture radar, which cannot create high-resolution images without an impractically large antenna. These sensor readings then allow the radar to create a reconstruction of whatever objects are below the energy beam.

☆ Here are 7 fun details that you might miss in the trailer for 'Air,' the Ben Affleck and Matt Damon movie about Nike signing Michael Jordan
▼ + stars: | 2023-02-09 | by ( Matthew Kish | ) www.businessinsider.com time to read: +6 min

The movie stars Ben Affleck as Nike cofounder Phil Knight and Matt Damon as Nike executive Sonny Vaccaro. In the trailer, Knight's character, played by Ben Affleck, responds to hearing the "Air Jordan" name for Michael Jordan's line of footwear and apparel. Knight's office is filled with booksIn the trailer, there are numerous books on the shelves in Knight's office. Phil Knight's 'rumpled' clothesIn three scenes in the trailer, Knight's character wears a wrinkled suit with the necktie pulled loose. He had a garage full of raw rubber, got some and put it on his wife's waffle iron," Knight said.

☆ Kids with 'bubble boy' disease could finally get access to a life-saving gene therapy, as a study starts back up at UCLA
▼ + stars: | 2022-12-27 | by ( Andrew Dunn | ) www.businessinsider.com time to read: +4 min

UCLA researchers are restarting a study to give a gene therapy to kids with an ultra-rare disease. Without gene therapy, doctors treat kids with SCID using enzyme-replacement therapies, if they are ineligible for bone-marrow transplants. In an email to Insider, Kohn said he expects to be able to treat between three and six patients with his current funding. Drug companies have shown little interest in the treatments because the complexity of the treatments and tiny number of eligible patients limit potential profits. Drug companies have deprioritized or shelved gene-therapy programs to treat a range of rare diseases, including Wiskott-Aldrich syndrome, MPS, Batten disease, chronic granulomatous disease, Rett syndrome, and Fabry disease.

☆ 5 reasons Trump's ex-CFO, testifying in the Trump Org tax-fraud trial, is the worst prosecution witness ever
▼ + stars: | 2022-11-17 | by ( Laura Italiano | ) www.businessinsider.com time to read: +10 min

The Trump Organization tax-fraud trial is in its fourth week; ex-CFO Allen Weisselberg is testifying. But was Allen Weisselberg, Trump's first and only chief financial officer, ever really flipped? Or Trump's company, which is still paying him $1.4 million this year in salary plus bonus? Here are five reasons Weisselberg is shaping up to be the worst prosecution witness ever. Donald Trump or Eric Trump approved those executive salaries, bonuses and perks, Hoffinger, the prosecutor, told jurors, who have seen many of the signed checks and signatures that prove this.

☆ ‘Dying Inside’: Chaos and Cruelty in Louisiana Juvenile Detention
▼ + stars: | 2022-10-29 | by ( Megan Shutzer | Rachel Lauren Mueller | ) www.nytimes.com time to read: +47 min

But inside the walls at Ware, one of the state’s largest juvenile detention facilities, children have been trying to kill themselves with stunning regularity. In Louisiana, where brutal conditions prompted juvenile justice reform two decades ago, the system is again in crisis. Most Ware guards are Black, as well, though nearly all of its leaders are white, as are the local judge, sheriff and district attorney. “Of course, they still do.” In reports to the state, Ware’s nurses described carpet burns on children’s faces and head-to-toe bruises from restraints. In fact, of the four guards convicted of sexually assaulting children at Ware, Mr. Peace would be the only one imprisoned.

☆ Fed on track for tens of billions in losses amid inflation fight
▼ + stars: | 2022-10-28 | by ( Michael S. Derby | ) www.reuters.com time to read: +5 min

Those losses will not impede the central bank’s ability to conduct monetary policy but could over time expose it to friction on the political front. What’s more, getting a handle on how much money the Fed might lose is difficult given the highly unsettled economic outlook. FED PAYS TO PARK CASH ON SIDELINESThe Fed is losing money due to the mechanics of monetary policy. By paying interest to a mix of banks, money funds and others, the Fed keeps the federal funds rate in its desired range. The Fed funds its operations through services it provides banks and via interest from bonds it owns.

☆ Black people are 25% more likely to face discriminatory job interview questions than white people, a survey found
▼ + stars: | 2022-09-22 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Black people are 25% more likely to be asked discriminatory questions in job interviews, a survey found. Black people are 25% more likely to experience illegal interview practices like discriminatory questions than white interviewees, according to a new survey by hiring firm Greenhouse of 1,500 US employees in August. The survey found that 40% of Black respondents had been asked discriminatory questions, versus 31% of white respondents. Women were also 20% more likely to be asked illegal interview questions than men. "Hiring managers that ask discriminatory questions during a job interview harm both the candidate and the company.

☆ Farmaceuticals: Vets face pressures to prescribe
▼ + stars: | 2014-09-15 | by ( Brian Grow | Reuters Graphic | ) www.reuters.com time to read: +29 min

The feed tickets examined represent a fraction of the tens of thousands issued annually to poultry farms run by or for major producers. Some of its feed has contained low levels of one antibiotic, feed tickets show. REUTERS/Randall Hill MODERN BARN: Nearly 20,000 broiler chicks are housed inside a Foster Farms chicken ranch in Stanislaus County, California. As the CDC studied what investigators informally called the “Foster Farms Outbreak,” researchers soon made a troubling discovery. Reuters asked to see Foster Farms’ feed tickets from that period; the company didn’t respond to that request.

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