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☆ Opinion | America’s Energy Needs and Climate Goals
▼ + stars: | 2024-03-28 | by ( ) www.nytimes.com time to read: +1 min

To the Editor:Re “Energy Appetite in U.S. Endangers Goals on Climate” (front page, March 18):The projected new growth in power demand does present new challenges, but we have the policy tools to address them and still achieve U.S. climate goals. New power sector standards from the Environmental Protection Agency and a long-needed new transmission rule from the Federal Energy Regulatory Commission will help the grid become more resilient and reliable. Utilities, regional grid operators and federal energy agencies need to plan ahead and better assess future power needs. And it’s not just power demand challenging the power sector: Climate change is posing unprecedented challenges to the reliability and resilience of the grid. Climate will remain at the center of the challenges facing the grid in the 21st century, and it must remain at the center of our solutions, too.

Organizations: Environmental Protection Agency, Federal Energy Regulatory Commission

☆ Gabriel García Márquez’s Last Book Is an Unsatisfying Goodbye
▼ + stars: | 2024-03-10 | by ( Michael Greenberg | ) www.nytimes.com time to read: +2 min

UNTIL AUGUST, by Gabriel García Márquez. Billed as a “rediscovered” novel, “Until August” is likely to be the last published book of fiction by the Colombian master and Nobel laureate Gabriel García Márquez. Reading it may provoke unhealthy levels of frustration in those familiar with García Márquez’s most indelible creations. Readers’ inevitable disappointment with “Until August” may be directed partly at García Márquez’s two sons and literary executors, who permitted its publication even though their father had made his wishes clear. And to his sons he said: “Memory is at once my source material and my tool.

Persons: Gabriel García Márquez, Anne McLean, “, ”, Solitude Locations: Colombian, Italy, “

☆ Can Either Party Hold It Together Until November?
▼ + stars: | 2024-03-01 | by ( Anna Heyward | ) www.nytimes.com time to read: +1 min

“Swamp Monsters” is driven by the warm and cold relationship between Governor DeSantis and one of his state’s residents, Donald J. Trump. As a relatively anonymous member of Congress in 2017, DeSantis nimbly endured the president’s erratic moods and loyalty tests. A year later, he had managed to become a Trump protégé and was elected governor. Dixon’s book is an enjoyable, if horrifying, soap opera of the political and personal fallout that led us there. By 2020, Trump tells a cheering crowd that he’s going to “fire him somehow.”

Persons: Governor DeSantis, Donald J, DeSantis nimbly, DeSantis, Trump, churlishly, ” Trump, ” Organizations: Trump, Republican Locations: Puerto Rico

☆ Messi’s ‘miracle’ return stirs Chinese anger and conspiracy theories
▼ + stars: | 2024-02-08 | by ( Simone Mccarthy | Chris Lau | ) edition.cnn.com time to read: +10 min

“(He) played in five of the six preseason games and only missed the game in Hong Kong, China! Don’t come to China, China doesn’t welcome you,” another user wrote in a post liked by 20,000 others. “Why didn’t Messi play in Hong Kong or participate in the handshake with HK (the Hong Kong) chief executive? Messi's no-show sparks an outcry in Hong Kong on February 4, 2024. One social media user noted that it was not only Messi who played in Tokyo, but not Hong Kong.

Persons: Lionel Messi, Messi didn’t, Messi, “ Messi, Hong Kong, Kenneth Fok, Hu Xijin, didn’t Messi, ” Hu, ”, Louise Delmotte, “ Don’t, Hong, David Beckham, Beckham, Gerardo “ Tata ” Martino, Luis Suárez couldn’t, Philip Fong, “, nimbly, Regina Ip, ” “ Messi, Kenneth Chan, Taylor Swift, ’ Organizations: Hong Kong CNN, Sunday, Major League Soccer, Inter Miami, Vissel, Hong, CNN, Weibo, HK, Global Times, Inter, National Basketball Association, Houston Rockets, Soccer, Ardent, Messi, Argentina national, Australia, Inter Miami's, Getty, The Inter Miami, Hong Kong Baptist University Locations: China, Hong Kong, Argentine, Japan, Vissel Kobe, Tokyo, Beijing, State, China’s Sichuan, Argentina, AFP, Asia

☆ Uniqlo sues Shein, claiming the company copied its viral shoulder bag
▼ + stars: | 2024-01-19 | by ( Associated Press | ) www.businessinsider.com time to read: +2 min

The practical "Round Mini Shoulder Bag," which costs $20, went viral over the last year. It its lawsuit, Uniqlo is demanding damages of around 160 million yen, or $1.1 million. AdvertisementUniqlo Co. has sued rival retailer Shein over a small shoulder bag the Japanese retailer said was an inferior and unlawful copy of its hit product touted as the "Mary Poppins bag." The lawsuit demanded Shein stop selling its product that Uniqlo said looks too much like its Round Mini Shoulder Bag. The Uniqlo bag is praised on TikTok and other social media as roomy but also light and compact.

Persons: Uniqlo, Shein, —, Mary Poppins, Julie Andrews Organizations: Service, Court, Roadget, Shein Locations: China, Singapore, Tokyo, Shein Japan, Japan, U.S

TOKYO (AP) — Uniqlo Co. has sued rival retailer Shein over a small shoulder bag the Japanese retailer said was an inferior and unlawful copy of its hit product touted as the “Mary Poppins bag.”The lawsuit demanded Shein stop selling its product that Uniqlo said looks too much like its Round Mini Shoulder Bag. The Uniqlo bag is praised on TikTok and other social media as roomy but also light and compact. Shein, founded in China but now based in Singapore, did not immediately respond to a request for comment. The lawsuit was filed in Tokyo District Court on Dec. 28 by Tokyo-based Fast Retailing Co., which operates Uniqlo stores. Uniqlo, which has nearly 2,500 stores in 26 global markets, is behind hit affordable casual clothing like HeatTech thermal underwear.

Persons: —, Mary Poppins, Shein, Julie Andrews, Uniqlo, Yuri Kageyama Organizations: TOKYO, Court, Roadget, Shein Locations: China, Singapore, Tokyo, Shein Japan, Japan, U.S

WASHINGTON (AP) — Treasury Secretary Janet Yellen is heading to Mexico this week to promote her agency's new strike force to help combat illicit fentanyl trafficking as the U.S. and China step up efforts to stop the movement of the powerful opioid and drug-making materials into the United States. “Combating the flow of deadly fentanyl into communities across the United States is a top priority for President Biden as well as the Treasury Department,” Treasury Secretary Janet Yellen in a statement. Many of the GOP presidential candidates have said they would use military force against Mexico in response to the trafficking of fentanyl and other synthetic opioids. Nelson will co-chair the strike force with IRS Criminal Investigations Chief Jim Lee. Nelson said the strike force "will act quickly and decisively with the top specialists from across the department to nimbly respond to the newest threats.”

Persons: Janet Yellen, —, Biden, Joe Biden, Xi Jinping, ”, Brian Nelson, Nelson, Jim Lee Organizations: WASHINGTON, —, Strike, Treasury, IRS, Drug, Treasury Department, Disease Control, GOP, Banking, Armed Services Committees Locations: Mexico, China, United States, Mexico City, Yellen, California, America, U.S

☆ Biden administration announces new financial strike force to curb deadly fentanyl trade
▼ + stars: | 2023-12-04 | by ( Sam Fossum | ) edition.cnn.com time to read: +5 min

“The Treasury Department’s Counter-Fentanyl Strike Force will allow us to bring the Department’s unrivaled expertise in fighting financial crime to bear against this deadly epidemic. The strike force will be led by the department’s top sanctions official, Brian Nelson, and the chief of the Internal Revenue Service’s criminal investigations unit, James Lee. It will “redouble Treasury’s existing work streams, including using financial intelligence to understand risks and map transnational criminal organization (TCO) financial networks,” according to a news release. Several key units within the Treasury Department that specialize in financial crimes, sanctions, and tracking terrorist and illicit financing will be part of the new strike force. The new strike force will also help streamline the Treasury Department’s efforts to coordinate with local and federal law enforcement bodies on potential financial leads.

Persons: Janet Yellen, Brian Nelson, James Lee, ” Nelson, Xi Jinping, Joe Biden, Biden, Yellen, Nelson, “ Organizations: Washington CNN, Monday, Treasury Department, Treasury, Network, Foreign Assets Control, of Intelligence, US Treasury Department, Strike Force, Department, Drug Enforcement Agency, Department of Homeland Security, Department of Justice, US Centers for Disease Control, CNN, Mexican, Biden Locations: United States, China, Ukraine, Mexico

☆ ‘Steeltown Murders’ Review: DNA Unlocks a Cold Case in Wales
▼ + stars: | 2023-11-23 | by ( John Anderson | ) www.wsj.com time to read: +1 min

Or let it all molder. Steeltown Murders Monday, Acorn TVThere is no shortage of serial murder on current TV; it is a wonder that anyone survives from week to week. But “Steeltown Murders” goes its own way—two ways, as it happens. We see them getting it wrong. We see the same folks trying to get it right.

Persons: Scott Arthur Photo, William Faulkner, it’s, It’s, ” Organizations: Acorn Locations: Mississippi, Wales, —

TOKYO, Nov 20 (Reuters) - Shares of Japan's Panasonic Holdings (6752.T) have rallied about 10% since it announced on Friday a plan to sell a stake in its automotive systems business and the unit's potential listing raised broader restructuring hopes. Over the last decade, Hitachi's shares have more than trebled, when taking into account dividends, compared to a 87% return by Panasonic. Investors reacted positively to the potential sale of the stake in the automotive unit, which makes cockpit and electronics systems. With its plan, Panasonic likely starts a journey to make itself into a company with a higher return on equity, they said. Panasonic's automotive unit is separate from its energy unit that makes batteries for electric vehicles, including those from Tesla (TSLA.O).

Persons: Damian Thong, Thong, Jefferies, Hitachi's, Ulrike Schaede, Daniel Leussink, Simon Cameron, Moore Organizations: Japan's Panasonic Holdings, Apollo Global Management, Panasonic, Hitachi, Macquarie, Investors, University of California San, Thomson Locations: TOKYO, Tokyo, Singapore, University of California San Diego

The central bank could revise up its price forecasts again in January, which would allow policymakers to justify pulling short-term interest rates out of negative territory, he said. "There's a chance the BOJ could end negative rates as early as January next year, if it judges that inflationary pressure is heightening," Maeda told Reuters in an interview on Wednesday. It also applies a charge to a pool of excess reserves to guide short-term rates at -0.1% under its negative-rate policy. Before adopting negative rates and YCC in 2016, the BOJ was pushing down long-term rates solely with a huge asset-buying programme called "quantitative and qualitative easing" (QQE). "After ending negative rates, the BOJ's policy would look quite similar to when it just had QQE," Maeda said.

Persons: Issei Kato, Eiji Maeda, Maeda, There's, BOJ, Leika Kihara, Gerry Doyle Organizations: Bank of Japan, REUTERS, Rights, Bank of, Reuters, Chibagin Research, Thomson Locations: Tokyo, Japan, Bank of Japan

☆ For 30 Years, This Grown-Up’s Office Was the Playground
▼ + stars: | 2023-10-17 | by ( Dodai Stewart | More About Dodai Stewart | ) www.nytimes.com time to read: +1 min

Emmanuel Thingue laughed as he nimbly scampered up the jungle gym to have his photograph taken. At 61, he was the oldest person on the playground equipment at Lincoln Terrace Park in the Crown Heights neighborhood of Brooklyn. But Mr. Thingue, a landscape architect who recently retired from the New York City Parks Department after 30 years, had a special connection to the space: He designed it. Over his career, Mr. Thingue designed more than 30 New York City parks and won awards and accolades for his work. Spend an afternoon with Mr. Thingue, and he will tell you how parks improved his life when he was a boy.

Persons: Emmanuel Thingue, scampered, whooped, Thingue Organizations: New York City Parks Department, New Locations: Lincoln Terrace, Crown, Brooklyn, New York City

Club holdings Meta Platforms (META) and Apple (AAPL) made headlines Tuesday, and the reports suggest both tech giants are nimbly adapting to complicated operating environments. Meta weighs monthly subscription fee META YTD mountain Meta (META) year-to-date performance The news: Meta is planning to role out an ad-free subscription option for social media platforms Instagram and Facebook in Europe, The Wall Street Journal reported Tuesday. Apple appeases Chinese authorities AAPL YTD mountain Apple (AAPL) year-to-date performance The news: Apple has started to adopt more stringent rules for its App Store in China following the implementation of new government regulations for mobile apps. China ultimately denied those media reports , which had contributed to Apple losing $200 billion in market cap over a two-day period. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Mark Zuckerberg's, Apple, Jim Cramer's, Jim Cramer, Jim, Nasir Kachroo Organizations: Meta, Apple, Facebook, Street, CNBC, U.S, Reuters, NurPhoto, Getty Locations: Europe, China, Beijing, U.S, India

☆ Bank of Japan leaves rates unchanged, maintaining ultra-loose monetary policy
▼ + stars: | 2023-09-22 | by ( Clement Tan | ) www.cnbc.com time to read: +3 min

Javier Ghersi | Moment | Getty ImagesJapan's central bank maintained its ultra-loose policy and left rates unchanged on Friday, mindful of the "extremely high uncertainties" on the growth outlook domestically and globally. In a policy statement after its September meeting, the Bank of Japan said it would maintain short-term interest rates at -0.1%, and cap the 10-year Japanese government bond yield around zero, as widely expected. The yield curve control is a policy tool where the central bank targets an interest rate, and then buys and sells bonds as necessary to achieve that target. Wage growth, output gap — which measures the difference between an economy's actual and potential output — and price expectations are among factors the Bank of Japan has prioritized as meaningful inflation drivers. Japan needs to see meaningful and sustained wage inflation, which can have a psychological impact on consumption," he said.

Persons: Javier Ghersi, Kazuo Ueda's, Ueda's, Ueda, Bank of Japan's, Oliver Lee, it's Organizations: Bank of Japan, Bank, Yomiuri Shimbun, Bank of, Eastspring Investments Locations: Japan

☆ Analysis: BOJ's hawkish tilt suggests end to super-easy policy approaching
▼ + stars: | 2023-09-11 | by ( Leika Kihara | ) www.reuters.com time to read: +5 min

Another board member, Junko Nakagawa, laid out the conditions for ending negative rates, notably a continued improvement in household confidence. "When we see many people share prospects that wages will keep rising, we may be able to exit (negative rates)." Less than half expect negative rates to end in 2024. There seems to be no consensus within the BOJ board, however, on when or how the bank would dismantle Kuroda's complex policy framework. Ueda said the BOJ could end negative rates if it believed that inflation would sustainably hold above the target.

Persons: Kazuo Ueda, Kim Kyung, Ueda, Tamura, Haruhiko Kuroda, Naoki Tamura, Kuroda, Mari Iwashita, Hajime Takata, Junko Nakagawa, Shinichi Uchida, Leika, Sam Holmes Organizations: Japan, REUTERS, Bank of Japan, Daiwa Securities, Reuters, Thomson Locations: Tokyo, Japan, TOKYO, U.S

☆ Opinion: The ‘rising superpower’ myth about China
▼ + stars: | 2023-09-07 | by ( Opinion Peter Bergen | Joel Rayburn | ) edition.cnn.com time to read: +12 min

He was the US Special Envoy for Syria and the senior director for Iran, Iraq, Syria and Lebanon on the National Security Council staff during the Trump administration. After that, China’s National Bureau of Statistics said it would suspend publishing youth unemployment data in the future. What does it signify that China’s national power, which today is vast, is almost certain to be weaker in the future? If Xi and his strategists have a feasible plan for nimbly averting China’s demographic doom, they are keeping very quiet about it. This brings us back to the question of national security strategies for the United States and its allies.

Persons: Peter Bergen, Peter Bergen ”, Joel Rayburn, Trump, Biden, Saddam Hussein’s, Lloyd Austin, China’s, Xi Jinping, Stephen Shaver, ”, Ng Han Guan, Xi, China “, ” Trump Organizations: New, Arizona State University, Apple, Spotify, American Center for Levant Studies, New America, US, National Security Council, CNN, Strategy, Pentagon, of Defense, Development Research Center, Communist Party, UPI, Manpower, Census Bureau, National Bureau of Statistics, Financial, China’s Southwestern University of Finance, Economics, Rocky, United Nations, Beijing, Pew Research Center, Communist, Trump administration’s National Security, Twitter, Trump Locations: New America, Syria, Iran, Iraq, Lebanon, Washington, China, United States, Saddam Hussein’s Iraq, al Qaeda, Ukraine, People’s Republic of China, Beijing, India, Yarkent County, China's Xinjiang Uyghur Autonomous Region, Saudi Arabia, USSR, Russia, Russia’s Ukraine, Vietnam, Korea, Italy, Japan, Taiwan, Hong Kong

☆ BOJ policymaker sees shift in Japan's deflationary mindset
▼ + stars: | 2023-09-06 | by ( Leika Kihara | ) www.reuters.com time to read: +3 min

Policymaker Takata stressed the need to maintain ultra-loose monetary policy for the time being, as slowing global growth was heightening uncertainty on whether the Bank of Japan's (BOJ) 2% inflation target was sustainably achievable. In an earlier speech, he said he believe Japan's economy was "finally seeing early signs" of achieving the 2% target. Two other BOJ board members earlier gave diverging views on how soon the central bank should consider scaling back its radical stimulus. Japan's core inflation hit 3.1% in July, exceeding the BOJ's 2% target for the 16th straight month. BOJ officials have said the central bank must keep interest rates ultra-low until robust domestic demand and sustained wage growth replace rising import costs as key drivers of inflation.

Persons: Androniki, Takata, Hajime Takata, Policymaker Takata, Haruhiko Kuroda, Leika Kihara, Tetsushi Kajimoto, Takahiko Wada, Tom Hogue, Lincoln, John Stonestreet Organizations: REUTERS, Bank of Japan's, CHINA IMPACT, Thomson Locations: Japan, Tokyo, TOKYO, China, CHINA

☆ BOJ policymaker sees signs of change in Japan's deflationary mindset
▼ + stars: | 2023-09-06 | by ( Leika Kihara | ) www.reuters.com time to read: +2 min

An office employee walks in front of the bank of Japan building in Tokyo, Japan, April 7, 2023. Takata stressed the need to maintain ultra-loose monetary policy for the time being, as slowing global growth heightens uncertainty on whether Japan can sustainably achieve the Bank of Japan's (BOJ) 2% inflation target. "Personally, I believe Japan's economy is finally seeing early signs of achieving the BOJ's 2% inflation target," Takata said in a speech. The remarks follow those of two other BOJ board members, who gave diverging views on how soon the central bank should consider scaling back its radical stimulus. BOJ officials have said the central bank must keep interest rates ultra-low until robust domestic demand and sustained wage growth replace rising import costs as key drivers of inflation.

Persons: Androniki, Takata, Hajime Takata, Haruhiko Kuroda, Leika Kihara, Tom Hogue Organizations: REUTERS, of Japan's, Thomson Locations: Japan, Tokyo, TOKYO, Lincoln

Eventually, he had his own radio show in Los Angeles, “The Bob Barker Show.”American game show host Bob Barker points to himself on a nearby television screen as his wife Dorothy Jo Barker (1924 - 1981) looks on and laughs, November 4, 1977. Gabi Rona/MPTV/Reuters Barker, right, appears on a 1960 episode of "Bonanza" along with actors Jim Galante, Ken Mayer and Natalie Trundy. CBS/Getty Images Barker and Amanda Jones, who was Miss Illinois, are seen after Jones won the 1973 Miss USA Pageant. David Livingston/Getty Images Barker plays with his pet Mr. Rabbit at his home in Los Angeles in 2011. There hasn’t been a day on set that I didn’t think of Bob Barker and thank him.

Persons: Bob Barker, Roger Neal, Barker, popper, Bill Cullen, Drew Carey, ”, “, ‘, ’ ” Barker, Robert William Barker, ’ ”, “ I’d, Drury, Dorothy Jo Barker, Ralph Edwards, Edwards, wasn’t, – Barker, Barker’s, nimbly, Barker's, Jesse Grant, Gabi Rona, MPTV, Reuters Barker, Jim Galante, Ken Mayer, Natalie Trundy, Dorothy Jo, Tilly, Paul W, Bailey, NBCUniversal, Gerald Smith, Herb Ball, Amanda Jones, Jones, Ron Galella, Lennox McLendon, Dian Parkinson, Janice Pennington —, Parkinson, Jim Smeal, Adam Sandler, Happy Gilmore, Mark Mainz, Robert Hanashiro, Mark Davis, Ingrid Newkirk, David Livingston, Rabbit, Damian Dovarganes, Scott Clifton, Lisette M, Azar, CBS Barker, Monty Brinton, Dorothy Jo Gideon, Gideon, you’ve, Gilmore ’, Carey, ‘ Bob, I’m, ‘ Drew, you’re, Nancy Burnet, Gilmore, ” Sandler, Bob, hasn’t Organizations: CNN, CBS, American Television, Drury College, U.S . Navy, Springfield, NBC, Reuters, DJ, T Foundation, US Naval Reserve, Getty, Miss, Miss USA, MTV, Television Academy Hall of Fame, USA, PETA, “, Los Angeles Times Locations: Mission , South Dakota, Rosebud, Springfield , Missouri, Los Angeles, Miss Illinois, “, ”

☆ Video shows the moment a California bear opens the door to a man's home: 'I nearly fell off the couch'
▼ + stars: | 2023-08-25 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +3 min

A digital doorbell captured a family of bears dropping in on a man in Half Moon Bay, California. The footage shows a bear skillfully pulling back a house's screen door. The man "nearly fell off his couch" when he saw what had triggered his doorbell. Rick was in Los Angeles when he received a notification that someone was at his house in Half Moon Bay, a small city near San Franciso, California. You can see the footage below:AdvertisementAdvertisementFootage captured a bear pulling back a screen door on a house in Half Moon Bay, California.

Persons: Rick, Ring.com, I've Organizations: Service, Ring.com, Bears, KTLA, ABC News Locations: , California, Wall, Silicon, Los Angeles, San Franciso , California, Burbank, California

☆ Why some are calling the German economy 'the sick man of Europe'
▼ + stars: | 2023-08-24 | by ( Anna Cooban | ) edition.cnn.com time to read: +7 min

London CNN —It’s been nearly two decades since Germany shrugged off its “sick man of Europe” label with a series of labor market reforms that ushered in years of economic outperformance. Sticky inflation and three straight quarters of falling or stagnating output have put Europe’s biggest economy in the doldrums. “Sticky” inflation is eroding Germans’ purchasing power, fueling “pessimism among households,” according to Thomas Obst, senior economist at the Cologne Institute for Economic Research. “[German] industrial order books have emptied over the last 12 months,” Carsten Brzeski, global head of macroeconomic research at ING, told CNN. “Germany is in a very singular position.”Bright spotsHolger Schmieding, the economist who first called Germany the “sick man of Europe” in 1998, thinks the “current wave of pessimism” over its economy is overdone.

Persons: London CNN — It’s, Stefan Kooths, Europe ”, Kooths, Thomas Obst, Obst, ”, Klaus Wohlrabe, Frank Soellner, ” Carsten Brzeski, Sam Reeves, Brzeski, David Hecker, Holger Schmieding, Schmieding, “ Organizations: London CNN, International Monetary Fund, Kiehl Institute, Cologne Institute, Economic Research, CNN, European Central Bank, ifo, Volkswagen, Siemens, Global, ING, Getty, China Locations: Germany, Europe, Berlin, ifo, Bad, China, Duisburg, AFP, Ukraine, Australia, France

☆ Russia’s Moves to Shore Up Ruble Reflect War’s Toll on Economy
▼ + stars: | 2023-08-10 | by ( Anatoly Kurmanaev | ) www.nytimes.com time to read: +4 min

The Russian currency fell nearly 25 percent since the beginning of the year. “The ruble exchange rate is only an indicator,” said Alexandra Prokopenko, a nonresident scholar at the Carnegie Russia Eurasia Center and a former Russian central bank official. The ruble plummeted to as low as 135 per dollar and the central bank took a series of dramatic measures, including capital controls, to stave off a full-blown meltdown. The most immediate concern for Russian financial policymakers is the possibility of significant inflation. The country’s central bank reacted to that risk late last month with a higher-than-expected rise in interest rates, to 8.5 percent.

Persons: ”, Alexandra Prokopenko, Vladimir V, Putin, Yevgeny V Organizations: Bank of Russia, Carnegie Russia Eurasia Center Locations: Moscow, Russia, Russian, Ukraine, Soviet Union

☆ 'Long way to go': Bank of Japan douses hopes that policy tweak marks the end of easy policy
▼ + stars: | 2023-08-02 | by ( Clement Tan | ) www.cnbc.com time to read: +3 min

watch nowThe Bank of Japan has pushed back on speculation its recent policy adjustment marked the start of a tightening cycle. On Friday, the BOJ unexpectedly loosened its yield curve control, a move some market watchers said marked the start of the end of the Japanese central bank's ultra-easy monetary policy position. The BOJ's yield curve control is part of its ultra-easy monetary policy, which also includes keeping short-term interest rates at -0.1%. It is aimed at reflating growth in the world's third-largest economy and sustainably achieve its 2% inflation target after years of deflation. There is no free lunch for any policy," Ichida said.

Persons: Shinichi Ichida, Ichida, Bank of Japan Ichida Organizations: Bank of, Bank of Japan Locations: Bank, Bank of Japan, Chiba prefecture

His travel extended well outside of traditional hot spots for a primary campaign, including events in Wisconsin and Oklahoma. Now, DeSantis’ political operation says it is embracing his position as an underdog. But that leaves questions about one of the largest expenses on DeSantis’ first quarter fundraising reports: private travel. DeSantis’ campaign has paid nearly half a million dollars in travel expenses to a company that didn’t exist until two days before he launched his White House bid. In guidance to some donors and supporters, the campaign foreshadowed that they expect these interactions to show DeSantis’ “fiery” side.

Persons: Ron DeSantis, DeSantis, Donald Trump, ’, Generra Peck, pollster Ryan Tyson, Sam Cooper, Ethan Eilon, Nick Iarossi, ”, ” Iarossi, Peck, “, Adam Putnam, Trump, it’s, ” Iarossi siad, Elon, N2024D, Scott Wagner, Andrew Romeo, Bud Light, Dylan Mulvaney, Fox, Laura Ingraham, Don’t, ” Ingraham, Bud, “ They’re Organizations: CNN, Florida Gov, White, Trump, ”, N2024D, Tesla, New York Times, Republican, Fox, Disney, State Board of Education Locations: Florida, Utah, Park City, Tallahassee, Wisconsin, Oklahoma, Georgia, jetset, Miami, South Carolina

☆ Andreessen Horowitz to open first office outside the U.S. in London in bet UK will become crypto hub
▼ + stars: | 2023-06-12 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

LONDON — Andreessen Horowitz is opening its first office outside of the U.S. in London, the venture capital firm announced Monday. Sriram Krishnan, an ex-Twitter employee who joined Andreessen Horowitz as a general partner, will relocate to London to head up the firm's office there, Quintenz said. Andreessen Horowitz also plans to launch its first crypto startup school in the U.K. in a bid to identify future talent in the crypto and Web3 space. Andreessen Horowitz has been one of the most active investors in crypto and Web3, backing startups ranging from the crypto-based sports collectibles trading game Dapper Labs to nonfungible token marketplace OpenSea. Andreessen Horowitz was not an investor, but several rival firms, including Sequoia, were.

Persons: Coinbase, Andreessen Horowitz, Brian Quintenz, Sriram Krishnan, Quintenz, ‘ Organizations: U.S, U.S . Securities, Exchange Commission, SEC, CNBC, Twitter Locations: Silicon, Airbnb, Coinbase, London, U.S, United States, FTX, Sequoia

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