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☆ Kabul airport attack exclusive: New evidence challenges the Pentagon’s official account of a horrific incident as the US withdrew from Afghanistan
▼ + stars: | 2024-04-24 | by ( Nick Paton Walsh | Mick Krever | Mark Baron | ) edition.cnn.com time to read: +22 min

One told CNN he heard the first large burst of shooting come from where US Marines were standing, near the blast site. This is significantly more than the three “near simultaneous” bursts of gunfire that the Pentagon investigations have claimed occurred. The Supplemental Review found no new evidence of a complex attack, and uncovered no new assertions of outgoing fire post-blast. “They were targeting people,” another, Nazir, 16, told CNN. CNN spoke with about ten Marines anonymously, many of whom described hearing gunfire and feeling under attack from it.

Persons: Hamid, Akhter Gulfam, –, Wakil Koshar, Robert Maher, Sarah Morris, Morris, Maher, Rob Lodewick, ”, “, ” Shogofa Hamidi, Morsal, Nazir, ” Noorullah Zakhel, Read, Sayeed Ahmadi, ” Ahmadi, Ahmadi, Lodewick, Marcus Yam, CNN's Nick Paton Walsh, “ You’ve, they’ve, It’s, Taylor Crul, Romel Finley, Finley, Barber, ‘, ” Finley, Christian Sanchez, Sanchez, Staff Mark Milley, Kenneth “ Frank ” McKenzie, Darrell Issa, Nick Paton Walsh, Sandi Sidhu, Julia Hollingsworth, Masoud Popalzai, Sitara Zamani, Abdul Basir Bina, Katie Polglase, Gianluca Mezzofiore Organizations: CNN, United, Pentagon, US, Airport, NATO, US Army Central Command, Getty, Montana State University, University of Southampton, Marines, British Ministry of Defense, U.S . Central Command, AP CNN, “, Los Angeles Times, Marine, ” Marines, Navy, US Air Force, . Air Force, Reuters, US Marines, YouTube, Investigators, Joint Chiefs, Staff, Central Command Locations: Kabul, Afghanistan, United States, airport’s, American, British, AFP, Bozeman, England, US, Kabul airport's, U.S, Finland, ”

☆ An Overlooked Championship Team’s Final Stop: The White House
▼ + stars: | 2024-04-05 | by ( Remy Tumin | Sopan Deb | ) www.nytimes.com time to read: 1 min

When Vice President Kamala Harris greeted Dick Barnett on Friday, he was concise in his response. “Finally.”At long last, six surviving members of the all-Black Tennessee Agricultural & Industrial State University in Nashville visited the White House, the culmination of a decades-long effort, led by Mr. Barnett, for recognition. The Tennessee A&I Tigers were the first team from a historically Black college or university to win any national championship, and the first college team to win three back-to-back championships, in 1957, 1958 and 1959. The former teammates — Mr. Barnett, George Finley, Ernest Jones, Henry Carlton, Robert Clark and Ron Hamilton — took part in a private ceremony in the Roosevelt Room of the White House with Ms. Harris, who paid tribute to the team during a round-table discussion.

Persons: Kamala Harris, Dick Barnett, Barnett, — Mr, George Finley, Ernest Jones, Henry Carlton, Robert Clark, Ron Hamilton —, Harris Organizations: ”, Tennessee Agricultural & Industrial State University, White, Tennessee, Tigers Locations: Nashville

(AP) — Jahmyl Telfort matched his season high with 26 points, DJ Davis added 22 and Butler held off No. Boden Kapke, who has played sparingly in six games before Friday, made two 3s and hit key free throws late. Creighton got the ball right back when Butler’s inbound pass following Kalkbrenner’s free throws went off DJ Davis’ leg and out of bounds. Davis was unable to shoot the free throws, with Kapke taking his place and making both with 6.4 seconds left for a three-point lead. Alexander was fouled immediately and made two free throws to make it 99-98 with 5.8 seconds left.

Persons: Telfort, DJ Davis, Butler, Creighton, “ We've, we’ve, ” Butler, Thad Matta, “, ” Baylor Scheierman, Steven Ashworth, Trey Alexander, Ryan Kalkbrenner, Finley, ” Telfort, Bizjack, Boden Kapke, Kalkbrenner, Alexnader, Francisco Farabello, Davis, Kapke, Alexander, ” Creighton, Greg McDermott, Posh Alexander, Landon Moore, Francis, it’s, ___ Organizations: Bulldogs, East, NCAA, Big, Boden, DJ, St, Butler, Providence, AP Locations: OMAHA, Neb, Connecticut

Political Cartoons View All 253 ImagesHow did Deep Sea Vision detect the object that could be Earhart's plane? But it wasn't until the team reviewed sonar data in December that they saw the fuzzy yellow outline of what resembles a plane. “In the end, we came out with an image of a target that we believe very strongly is Amelia’s aircraft," Romeo told The Associated Press. But he said that Romeo’s team must provide “a forensic level of documentation” to prove it’s Earhart’s Lockheed. He would have expected to see straight wings and not swept wings, like the new sonar suggests, as well as engines.

Persons: Amelia Earhart, Tony Romeo, Electra, Romeo, Earhart, Fred Noonan, Noonan, “ Amelia, James Delgado, ”, Delgado, Romeo's, David Jourdan, Dorothy Cochrane, Cochrane, ’ ”, Lockheed Electra, Ole Varmer, Varmer, ” Varmer, “ It’s, —, Finley, Pollard Organizations: COLUMBIA, Lockheed, Archaeologists, Pan American Airlines, Air Force, Associated Press, Navy, National Air and Space Museum, National Oceanic, Atmospheric Administration, The Ocean Foundation, Purdue Research Foundation, Purdue University in, Smithsonian, America Statehouse News Initiative, America Locations: South Carolina, Norwegian, Howland, Papua New Guinea, Hawaii, New Guinea, U.S, New Jersey, “, Maritime, Connecticut, Howland Island, Purdue University in Indiana, Norfolk , Virginia

☆ Wisconsin’s Act 10 Is in Jeopardy
▼ + stars: | 2023-12-06 | by ( The Editorial Board | ) www.wsj.com time to read: +1 min

Journal Editorial Report: The week's best and worst from Bill McGurn, Kyle Peterson, Allysia Finley, Dan Henninger & Paul Gigot. Images: Getty Images/AP/ Composite: Mark KellyWisconsin progressives went for a judicial abuse trifecta last week, filing a lawsuit to overturn Act 10, the landmark 2011 law that limited the ability of public unions to bargain collectively. The case is part of the Democratic campaign to use the new liberal majority on the state Supreme Court to redraw the state’s legislative district maps and end school choice. Scott Walker , has saved the Badger State from turning into Illinois or New York, where public unions essentially run the state government for their own benefit. According to the MacIver Institute, Act 10 has saved Wisconsin taxpayers $16.8 billion since it was passed in 2011, making public finances more manageable at every level of government.

Persons: Bill McGurn, Kyle Peterson, Allysia Finley, Dan Henninger, Paul Gigot, Mark Kelly Wisconsin, Scott Walker Organizations: Democratic, Gov, Badger, MacIver Institute Locations: Illinois, New York, Wisconsin

☆ First They Came for the Cars, Then the Cows
▼ + stars: | 2023-12-04 | by ( Allysia Finley | ) www.wsj.com time to read: 1 min

Journal Editorial Report: EV dealers ask Biden where they're supposed to put the glut. Yet unlike most organized religions that are genuinely committed to helping our fellow man, today’s climate movement figuratively burns heretics at the stake and demands communal sacrifices that serve no purpose but to immiserate humanity. Consider the calls at the United Nations’s COP28 climate confab this month in Dubai to reduce meat consumption. Banishing fossil fuels and gasoline-powered cars isn’t enough to achieve the climate lobby’s net-zero promised land. Now people must give up their rib-eye steaks and pepperoni pizza.

Persons: Biden, they're, Kelly Locations: Dubai

☆ Can Washington Still Do Anything?
▼ + stars: | 2023-12-04 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

Journal Editorial Report: The week's best and worst from Bill McGurn, Kyle Peterson, Allysia Finley, Dan Henninger & Paul Gigot. Images: Getty Images/AP/ Composite: Mark KellyCan the United States government still act to solve problems and aid allies in the national interest? President Biden has asked Congress for $106 billion in supplemental spending, but he needs Republican votes to do it. Republicans want to do something to reduce the flood of migrants pouring across the border and burdening American cities, but they need Democratic votes to pass it. The necessity for compromise is obvious, but America’s polarized politics and Mr. Biden’s political weakness may tank the effort.

Persons: Bill McGurn, Kyle Peterson, Allysia Finley, Dan Henninger, Paul Gigot, Mark Kelly, Biden Organizations: United Locations: United States, Ukraine, Israel, U.S

☆ New York’s Near Zombie Apocalypse
▼ + stars: | 2023-12-01 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

Journal Editorial Report: The week’s best and worst from Kim Strassel, Allysia Finley and Dan Henninger. Images: AP/Zuma Press Composite: Mark KellyImagine if nearly half of New York City lost heat for months during the winter. That’s not the plot of a new survival drama. Such a catastrophe nearly occurred last Christmas, according to an alarming recent report by energy regulators that deserves more attention. It was the fifth time in 11 years that power plant failures caused by cold weather jeopardized grid reliability.

Persons: Kim Strassel, Allysia Finley, Dan Henninger, Mark Kelly, Elliott Organizations: Zuma, New York, Federal Energy Regulatory Commission, FERC, North American Electric Reliability Corporation Locations: New, New York City

☆ Many More Voters With Guns
▼ + stars: | 2023-11-30 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

Journal Editorial Report: The week’s best and worst from Kim Strassel, Allysia Finley and Dan Henninger. Images: AP/Zuma Press Composite: Mark KellyMore than half of American voters say that they or someone in their household owns a gun, according to a poll by NBC News. After progressives drove up firearm ownership with policies that are soft on violent crime, they can’t figure out why their gun-control ideas fail to pass. The share of voters with a firearm in the household is 52%, up from 46% in 2019 and 42% in 2013. This is no surprise, in part because rural areas tilt right, and that’s where hunting is a family event and bears might be prowling the woods.

Persons: Kim Strassel, Allysia Finley, Dan Henninger, Mark Kelly More Organizations: Zuma, NBC News

☆ BoC to cut rates starting in Q2 2024, house prices seen flat in 2024: Reuters poll
▼ + stars: | 2023-11-30 | by ( Mumal Rathore | ) www.reuters.com time to read: +4 min

Governor of the Bank of Canada Tiff Macklem walks outside the Bank of Canada building in Ottawa, Ontario, Canada June 22, 2020. But Macklem also said "right now, it is not time to start thinking about cutting interest rates." Interest rate futures are pricing the first rate cut in March, earlier than the poll prediction. "Accompanying labour market weakness should put downward pressure on inflation and prompt the Bank of Canada to cut the policy rate around of the spring of 2024," they wrote. That was despite several government measures announced in the latest Fall Economic Statement to boost housing supply and help lenders dealing with homeowners at risk amid high interest rates.

Persons: Blair Gable, Macklem, It's, Avery Shenfeld, Robert Hogue, Sebastian Mintah, Mumal Rathore, Ross Finley, Tomasz Janowski Organizations: Bank of Canada, REUTERS, Reuters, BoC, U.S . Federal, Barclays, CIBC Capital Markets, of Canada, RBC, Desjardins, Moody's, Thomson Locations: Ottawa , Ontario, Canada, BENGALURU, stagnate

☆ Car Dealers to Biden: EVs Aren’t Selling
▼ + stars: | 2023-11-29 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

Journal Editorial Report: The week’s best and worst from Kim Strassel, Allysia Finley and Dan Henninger. Images: AP/Zuma Press Composite: Mark KellyYou can subsidize a buyer into the auto showroom, but you can’t make him buy. That’s the word from some 3,900 car dealers across the country who on Tuesday wrote President Biden that electric vehicles are piling up unsold on their lots. They want relief from his onerous and unrealistic EV sales mandate. “There are many excellent battery electric vehicles available for consumers to purchase,” the dealers write in their letter to the President.

Persons: Kim Strassel, Allysia Finley, Dan Henninger, Mark Kelly, Biden Organizations: Zuma

☆ Amtrak Tries to Take Union Station
▼ + stars: | 2023-11-27 | by ( The Editorial Board | ) www.wsj.com time to read: +1 min

The week’s best and worst from Kim Strassel, Allysia Finley and Dan Henninger. Amtrak is a rolling master class on government in action, and the latest example is its effort to seize control of Union Station in Washington via the power of eminent domain. The railway wants to do a concourse modernization project to add more seating, increase signage in the terminal, and improve infrastructure. In a September hearing before Washington, D.C., federal district Judge Amit Mehta , Amtrak CEO Steven Gardner said that the current leaseholder, a company called USI, isn’t helping the railway accomplish its plans. He complained that there’s “a mismatch” between Amtrak and “a private developer looking to maximize retail and revenue.”

Persons: Kim Strassel, Allysia Finley, Dan Henninger, Amit Mehta, Steven Gardner, isn’t, there’s Organizations: Amtrak, Station, D.C Locations: Washington

☆ Magic Pills Are Coming
▼ + stars: | 2023-11-27 | by ( Andy Kessler | ) www.wsj.com time to read: +1 min

At healthcare conferences, someone always asks, “What if there was a magic pill?” One that could cure major diseases. Inevitably, the discussion ends with, “But, of course, there is no magic pill.” So we spend, spend, spend on healthcare, from $1.4 trillion in 2000 in the U.S. to more than $4.3 trillion—18% of the economy—in 2021. These treat but don’t cure diseases. Plus, two-thirds of American adults are overweight or obese, which puts them at greater risk for many chronic diseases such as heart disease and stroke. According to the National Institutes of Health, “86% of health care costs are attributable to chronic disease.”

Persons: Kim Strassel, Allysia Finley, Dan Henninger, ” Organizations: National Institutes of Health Locations: U.S

☆ The Supreme Court Considers the Right to Trial by Jury
▼ + stars: | 2023-11-27 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

The week’s best and worst from Kim Strassel, Allysia Finley and Dan Henninger. The Supreme Court on Wednesday will hear the first of two landmark cases this term challenging the runaway administrative state. At stake in SEC v. Jarkesy is a bedrock constitutional principle that colonists fought to defend in the American revolution: the right to a trial by jury. The 2010 Dodd-Frank Act granted the Securities and Exchange Commission unbridled power to seek penalties administratively against any individual for violating securities laws. Democrats wanted to make it easier for the agency to punish misconduct.

Persons: Kim Strassel, Allysia Finley, Dan Henninger, Dodd, Frank Organizations: SEC, Securities and Exchange Commission

With some German property developers filing for insolvency, construction activity has dropped over a third from a year ago. That bleak outlook was despite the government recently announcing a 45 billion euro ($47 billion) support package for the property sector and measures to encourage house building, including tax incentives. With overall economic activity expected to remain weak over the coming quarters, it could take a while for the property sector to recover. The euro zone's commercial property sector could also struggle for years, posing a threat to the banks and investors who financed it, the ECB said recently. The median view of 12 property experts forecast average home rental prices to rise 4.0% or more until 2026.

Persons: Lisi Niesner, Sebastian Schnejdar, Carsten Brzeski, Indradip Ghosh, Purujit Arun, Rahul Trivedi, Sarupya Ganguly, Ross Finley, David Evans Organizations: REUTERS, European Central Bank, ECB, ING, Thomson Locations: Berlin, Germany, BENGALURU

REUTERS/Andrew Kelly Acquire Licensing RightsSummary poll dataBENGALURU, Nov 22 (Reuters) - Most key global stock indexes are forecast to rise modestly over the coming year, closing 2024 below record highs, while a slim majority of stock market experts polled by Reuters expected their markets to touch new peaks within the next six months. However, only a handful of the 15 top stock indexes were predicted to trade at record peaks by end-2024, based on a wider Nov. 9-22 poll of more than 120 stock market experts. LOWER BOND YIELDSFor now, markets are pricing in a series of 2024 rate cuts, which is sending bond yields lower and stock prices higher. "Falling bond yields are being interpreted by equity markets as a positive in the near-term," said Marko Kolanovic, chief global markets strategist at J.P. Morgan. Canada's main stock index was expected to rise less than previously thought over the coming year as a slowdown in the global economy weighs on the outlook for corporate earnings.

Persons: Andrew Kelly, Ajay Rajadhyaksha, Marko Kolanovic, Morgan, Hari Kishan, Indradip Ghosh, Ross Finley, Alex Richardson Organizations: New York Stock Exchange, REUTERS, Reuters, Traders, U.S . Federal, Barclays, Nikkei, Thomson Locations: New York City, U.S, BENGALURU, Monday's, Bengaluru, Buenos Aires, London, Mexico City, Milan, New York, San Francisco, Sao Paulo, Tokyo, Toronto

☆ The Covid Vaccine Windfall Turns for Pfizer and Moderna
▼ + stars: | 2023-11-19 | by ( Allysia Finley | ) www.wsj.com time to read: 1 min

Journal Editorial Report: The week’s best and worst from Kim Strassel, Kyle Peterson, Mary O'Grady and Dan Henninger. Images: AP/AFP/Getty Images/Reuters/Zuma Press Composite: Mark KellyThe U.S. was in a fit of Covid panic during Thanksgiving week two years ago. Share prices in Pfizer and Moderna surged. By month’s end, Pfizer’s stock-market value had surpassed $300 billion, up 50% from the start of the pandemic. In 2022 Pfizer became the first pharmaceutical company to book more than $100 billion in annual sales owing to government purchases of its vaccines and antiviral pill.

Persons: Kim Strassel, Kyle Peterson, Mary O'Grady, Dan Henninger, Mark Kelly The Organizations: Getty, Zuma, Pfizer, Moderna Locations: Mark Kelly The U.S

☆ Nevada attorney general investigating pro-Trump fake elector scheme
▼ + stars: | 2023-11-16 | by ( Ben Finley | Holmes Lybrand | ) edition.cnn.com time to read: +1 min

CNN —Nevada’s attorney general is investigating individuals who acted as fake electors in the state following the 2020 election, a source close to the investigation told CNN. Attorney General Aaron Ford’s office declined to comment. In Georgia, Fulton County District Attorney Fani Willis has charged multiple individuals involved in the plot to put forth fake electors in that state, along with Trump. Michigan Attorney General Dana Nessel in July charged more than a dozen individuals who acted as fake electors. And Arizona Attorney General Kris Mayes has launched an investigation into the fake elector scheme there.

Persons: CNN —, Donald Trump, Joe Biden –, Aaron Ford’s, Trump, Fani Willis, Dana Nessel, Kris Mayes Organizations: CNN, Politico, Trump . Michigan Locations: Arizona, Georgia, Pennsylvania, Michigan, Wisconsin, New Mexico, Nevada, Trump, Washington ,, Fulton County

☆ How Bidenomics May Cost Biden the Youth Vote
▼ + stars: | 2023-11-13 | by ( Allysia Finley | ) www.wsj.com time to read: 1 min

Wonder Land: Citing the president’s age lets Democrats off the hook for the political failure of his economic policies. Images: AP/AFP/EPA/Getty Images Composite: Mark KellyPresident Biden turns 81 on Nov. 20, and polls show that Democrats are increasingly worried about his mental and physical decline. Mr. Biden won the youth vote by double digits in 2020, while seniors swung for Mr. Trump. Recent polls, however, show that seniors are now the only age group that favors Mr. Biden in a rematch. Bidenomics has exacted a massive wealth transfer from young people to seniors.

Persons: Mark Kelly President Biden, Donald Trump, Biden, Trump, Bidenomics Organizations: AFP, EPA, Mr

☆ Closed-end funds can generate income – and they’re cheap. Here’s how they might fit in your portfolio
▼ + stars: | 2023-11-09 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Closed-end funds offer a fixed number of shares, but they also trade publicly on exchanges. Right now, a confluence of events is resulting in some sharp discounts for closed-end funds, especially for those that hold bonds. Investors in closed-end funds have shed some of those holdings and that's resulting in sharper discounts to net asset value. Closed-end fund plays Financial advisors have called out closed-end funds holding municipal bonds as a way to add duration on the cheap. Closed-end funds offer other ways to pick up income: Paul Winter, CFP and portfolio manager at Five Seasons Financial Planning, likes funds that use buy-write strategies.

Persons: Dave Lamb, Lamb, Jeffrey Gundlach, Robert Finley, Paul Winter, BOE, Nuveen's Lamb Organizations: Treasury, Western Asset, Muni Fund, Asset Management, Five, Virtus, Strategy, BlackRock Locations: New York, York

After getting battered for most of 2023, emerging market (EM) currencies have made modest gains against the dollar after the Federal Reserve held interest rates steady last week and data suggested the U.S. economy might finally be slowing. That dollar weakening trend was likely to hold in the near-term as a majority of analysts in the Nov. 3-7 Reuters poll expected the dollar to trade lower by year-end. "So it's difficult to see the EM currencies recoup some of the sharp losses that we've seen in the last few months. Although EM currencies gained at the beginning of 2023 and investors brimmed with positivity after China's post-COVID reopening, economic performance in the world's second largest economy has been mostly underwhelming. "Easier Fed monetary policy should also take some pressure off select emerging market currencies in the second half of next year," noted Nick Bennenbroek, international economist at Wells Fargo.

Persons: We've, Mitul Kotecha, we've, it's, Nick Bennenbroek, Devayani Sathyan, Anant Chandak, Hari Kishan, Ross Finley, Mark Potter Organizations: Federal Reserve, Reuters, FX, Asia, Barclays, South Korean, Thomson Locations: BENGALURU, JOHANNESBURG, U.S, Brazilian, Wells Fargo

☆ Why Stanford’s Leaders Tolerate Anti-Semitism
▼ + stars: | 2023-11-06 | by ( Allysia Finley | ) www.wsj.com time to read: 1 min

Journal Editorial Report: Pushback emerges among donors and employers. Images: AP Composite: Mark KellyAfter Hamas massacred some 1,400 Israelis on Oct. 7, many Stanford students marched in support of the terrorist group, chanting “2, 4, 6, 8, smash the Zionist settler state.” University leaders responded with a statement supporting “academic freedom,” including the “expression of controversial and even offensive views.”This is the same university where administrators last year undertook an Elimination of Harmful Language Initiative, which published a catalog of words and phrases to be removed from the school’s websites. Among the proscribed terms: “American,” “immigrant” and “blind study.”

Persons: Mark Kelly, ” Organizations: Stanford, ” University, Initiative

☆ Brace for the Wind and Electric-Vehicle Bailouts
▼ + stars: | 2023-10-30 | by ( Allysia Finley | ) www.wsj.com time to read: 1 min

Journal Editorial Report: The week’s best and worst from Kim Strassel, Bill McGurn and Dan Henninger. Images: AP/Reuters Composite: Mark KellyFord assured investors last week that its generous deal with the United Auto Workers wouldn’t threaten its profitability. The same can’t be said of its electric vehicles, which lost $3.1 billion during the first nine months of this year. Those losses will doubtless grow, and anyone who thinks Washington won’t give auto makers another bailout should think again. Last week Munich-based Siemens Energy , one of the world’s top wind manufacturers, said the German government is prepared to extend as much as €16 billion (or $16.9 billion) in state guarantees to rescue it.

Persons: Kim Strassel, Bill McGurn, Dan Henninger, Mark Kelly Ford, Washington Organizations: Reuters, United Auto Workers, Siemens Energy Locations: Munich

☆ Inflation to dog world economy next year, postponing rate cuts: Reuters poll
▼ + stars: | 2023-10-27 | by ( Hari Kishan | ) www.reuters.com time to read: +4 min

Despite broad success in bringing inflation down from its highs - the easier bit - prices are still rising faster than most central banks would prefer and hitting their inflation targets is likely to be tough. The Reserve Bank of New Zealand, which often leads the interest rate cycle, was also forecast to wait until July-September 2024 before cutting. The majority backing no cuts until the second half of 2024 has also grown stronger for the Reserve Bank of Australia, Bank Indonesia and the Reserve Bank of India. Even the Bank of Japan, the outlier sticking to ultra-loose policy through this entire round of inflation, is now expected to abandon negative interest rates next year. Crucially, most economists agree the first easing steps will not be the beginning of a rapid series of cuts.

Persons: Sarah Silbiger, Christine Lagarde, Douglas Porter, it's, Nathan Sheets, Hari Kishan, Ross Finley, Tomasz Janowski Organizations: El Progreso Market, Washington , D.C, REUTERS, Reuters, U.S . Federal Reserve, European Central Bank, ECB, Fed, BMO, Reserve Bank of New, Reserve Bank of Australia, Bank, Reserve Bank of India, Bank of Japan, Citi, Thomson Locations: Mount Pleasant, Washington ,, BENGALURU, Reserve Bank of New Zealand, Bank Indonesia, Bengaluru, Buenos Aires, Cairo, Istanbul, Johannesburg, London, Shanghai, Tokyo

☆ India's festival season to bring some cheer to economy, say economists
▼ + stars: | 2023-10-26 | by ( Milounee Purohit | ) www.reuters.com time to read: +3 min

Nearly 75% of economists, 25 of 33, said spending during this year's festival season, which lasts from October through December, will be higher compared to last year. Among those, 21 said slightly higher and four said significantly higher. "From a year-on-year growth rate perspective, it may not be a substantial upside so to speak." Economists generally agree India needs an even higher growth rate to generate enough jobs for millions of young people who enter the workforce every year. When asked what was India's potential economic growth rate over the next 2-3 years, economists returned a median range of 6.0%-7.0%.

Persons: Anushree, Dhiraj Nim, Alexandra Hermann, Milounee Purohit, Anant Chandak, Susobhan Sarkar, Veronica Khongwir, Hari Kishan, Ross Finley, Sharon Singleton Organizations: REUTERS, Rights, Reuters, Reserve Bank of, ANZ Research, Oxford Economics, Thomson Locations: Delhi, India, Reserve Bank of India

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