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Inflation is the watchword as the Federal Reserve kicks off a two-day meeting on Tuesday. “However, what I will be looking for are any discussions on what could be termed as more permanent inflation,” he said. “I think this is going to be Powell's toughest conference in his career as chairman,” said Dan North, senior economist at Euler Hermes North America. “That’s going to make it a tougher choice because that becomes a huge demographic issue for the Fed,” North said. When you talk about the dual mandate, historically, the Fed has been almost exclusively focused on inflation.
Persons: , Brad McMillan, McMillan, David Norris, Jerome Powell, Powell, ” McMillan, , ” Norris, Dan North, Euler Hermes, Price, “ That’s, “ We’ve, Darren Schuringa, ” Megan Horneman Organizations: Federal Reserve, Commonwealth Financial Network, TwentyFour Asset Management, Federal, School’s Schwartz, for Economic, Fed, Labor, New School, , Verdence Capital Advisors Locations: America
One of the last U.S. states to reopen, many of its health restrictions had already been relaxed or will not be completely phased out until autumn. Still, the formal unwinding of pandemic rules in America’s most populous state was yet another signal of a national turn toward recovery. In April, the U.S. Supreme Court struck down some of the state’s pandemic restrictions on religious gatherings. “But it saved lives.”Two earlier attempts at relaxing health rules ended with surges in new cases, but the calculus has changed significantly with immunization. “There is no American recovery without California’s recovery,” he said in an interview.
Persons: Allison Zaucha, Gavin Newsom, that’s, , Christopher Longhurst, Biden, Jim Wilson, Newsom, Roselma Samala, , Ms, Samala, Jerry Dyer, ” Mr, Dyer, Mr, Tariro Mzezewa Organizations: Farmers, The New York Times, , U.S, Supreme, Republican, University of California, San, New York Times, Dodger Locations: U.S, Asia, Los Angeles, The New York Times California, America’s, California, University of California San Diego, Napa, San Francisco, Central Valley, Fresno, Sacramento
No Prosecutorial Experience? These D.A. Candidates Say That’s an Asset.
  + stars: | 2021-06-15 | by ( Jonah E. Bromwich | ) www.nytimes.com sentiment -0.92   time to read: +1 min
The only two men who have led the Manhattan district attorney’s office over the last 45 years were scions of the establishment, leading the country’s most prominent local prosecutor’s office with a traditional emphasis on fighting crime. In cities around the country, a wave of prosecutorial candidates has won elections by pledging to do less harm to defendants who commit low-level crimes. The nonprosecutorial candidates in Manhattan have taken up that argument, and advanced it, adding that only a leader whose perspective is unblemished by a history of putting people behind bars can make the system less punitive and less racist. But with a week to go in the race, the trio of candidates have lagged in the fund-raising battle and in available surveys. They have had a hard time distinguishing themselves from one another, and from former prosecutors like Alvin Bragg and Lucy Lang, who have also pledged to help end mass incarceration while arguing that their experience will help them enact change.
Persons: Eliza Orlins, Tahanie Aboushi, Dan Quart, Alvin Bragg, Lucy Lang Locations: Manhattan
Bombardier's Global 7500 business jet is shown during a media tour in Montreal, Quebec, Canada, December 19, 2018. "There are virtually no young pre-owned aircraft available - good news for would-be sellers and for (planemakers)," said aviation analyst Rolland Vincent. Textron (TXT.N) in April raised its full-year profit forecast, propelled by a rebound in business jet demand. He said 864 pre-owned business jets sold during the first four months of 2021, up 36% from the same period last year. Applegate said it's a case of pent-up demand as some wealthy travelers previously avoided private jets due to concerns like "flight shaming" over the environment.
Persons: Christinne, Rolland Vincent, that’s, Scott Neal, Vincent, Stewart Lapayowker, Amanda Applegate, Applegate, it's, Don Dwyer, Dwyer, Allison Lampert, Denny Thomas, Steve Orlofsky Organizations: Bombardier's, REUTERS, Dynamics, Gulfstream, Textron Inc, Bombardier Inc, Textron, Lapayowker, Aerlex Law, Guardian Jet, Thomson Locations: Montreal, Quebec, Canada, United States, Florida
Continued burning of coal to generate power, for example, is widely accepted to be counterproductive to averting climate change’s worst effects. The G-7 nations did put to paper a pledge to halve their emissions by 2030 and zero them out from their economies by 2050. Yet, the careful phrasing from the G-7 leaders leaves wiggle room to keep financing coal plants that use carbon capture technology to sequester and store carbon dioxide emitted from burning coal. Perhaps the most glaring omission from the G-7 climate agreement, environmental advocates said, was the lack of any deadline for when nations will stop burning coal at home. Still, the G-7 summit in Cornwall may have been the last, best chance for the world’s wealthiest democracies to increase their leverage over China and other major emitters by uniting behind specific, joint goals well ahead of November.
Persons: Donald Trump, Joe Biden, Biden, it's, , Rachel Kyte, , David Waskow, “ That’s, Rachel Cleetus, Jason Bordoff, Obama, Bordoff, September’s U.N, October’s Organizations: WASHINGTON —, Tufts University’s Fletcher, World Resources Institute, Union of Concerned, U.S, European Union, White, National Security Council, Columbia University’s Center, Global Energy, General Assembly Locations: United States, Cornwall, England, U.S, Canada, Germany, United Kingdom, China, Scotland, New York, Rome
A New Hampshire man who was charged in connection with the Jan. 6 assault on the U.S. Capitol, after he admitted he "chugged" wine he found in one of the offices during the riot, now says he's running for Congress. Jason Riddle holds up a bottle of wine at the Capitol on Jan. 6, 2021. via NBC BostonBut he said he did follow the mob inside. The wine was later determined to be in the Office of the Senate Parliamentarian. But Riddle said he thinks the charges and involvement with the riot will help his campaign. “In the long run, if you’re running for office, any attention is good attention, so I think it will help me,” Riddle said.
Persons: Jason Riddle, Annie Kuster, Riddle, Donald Trump, ” Riddle, “ I’m, , , ‘ Let’s, ’ that’s Organizations: U.S . Capitol, NBC Boston, New, Capitol, Washington , D.C, Senate, FBI, Locations: Hampshire, U.S, Washington ,
The Recession Isn’t Over Till They Say It’s Over. (But Who Are They?)
  + stars: | 2021-06-14 | by ( Neil Irwin | ) www.nytimes.com sentiment -1.00   time to read: +1 min
That’s not to say that the economy was in very good shape for the remainder of 2020. The personal income measure surpassed its prepandemic level only last month, and employment is still well below prepandemic levels. If the economic peak of the previous expansion was February 2020 and the trough of the recession was April 2020, then it really lasted only two months. Two months are not “more than a few months.” The previous shortest recession on record was the one that began in January 1980 and lasted six months. In effect, the committee’s judgment is that even if the pandemic recession did not fit the usual definition of a recession, it still was one.
Persons: That’s, Robert Hall, , Hall Organizations: Stanford
Allyson Felix Knows What Really Makes the Olympics Run
  + stars: | 2021-06-14 | by ( David Marchese | ) www.nytimes.com + 0.00   time to read: +11 min
Photo illustration by Bráulio Amado Talk Allyson Felix Knows What Really Makes the Olympics RunThe sprinter Allyson Felix has competed in four Olympics, winning more medals in track and field — nine — than any other American woman. As she has grown older, Felix, who is 35, has also earned increased attention for her work outside the arena. Over your career, has your understanding of what the Olympics are about beyond competition — that is, the business side — changed? Allyson Felix after earning the silver medal in the 200 at the Beijing Olympics in 2008. Jae C. Hong/Associated PressThis may be another of those things that’s hard to articulate, but can you tell me what it feels like to win a gold medal?
Persons: Bráulio Amado, Allyson Felix, Felix, Camryn, , isn’t, I’m, That’s, Itsuo Inouye, Athleta, Will, I’ve, you’d, you’re, You’ve, I’ll, didn’t, Courtney Okolo, Natasha Hastings, Phyllis Francis, Jae C, it’s, Ian MacNicol Organizations: Tokyo, The Times, Nike, Olympic Committee, Beijing, Associated Press, Yomiuri Shimbun Locations: Tokyo, Japan, Los Angeles, London, Beijing, Rio de Janeiro
Live Live Updates: Bipartisan Infrastructure Plan Leaves Democrats a Big Choice A plan from a bipartisan group of lawmakers does not address climate change and omits money for child and elder care. A bipartisan group of 10 senators met last week to discuss a framework for an infrastructure package. The group is pushing for a proposal that is much smaller than the $1.9 trillion package that Mr. Biden has proposed. But Biden administration officials said that they were mindful of how Mr. Putin seemed to get the better of Mr. Trump in Helsinki. The spectacle in 2018 drew sharp condemnations from across the political spectrum for providing an opportunity for Mr. Putin to spread falsehoods.
Persons: Stefani Reynolds, Biden, Susan Collins, Collins, Trump, they’re, Ms, Mitt Romney, Ed Markey, Alexandria Ocasio, Cortez, , Ocasio, Nancy Pelosi, Chuck Schumer, Donald F, McGahn, Donald J, Trump’s, Doug Mills, Apple, McGahn’s, John C, Demers, Rod J, Jeff Sessions, William P, Barr, Katie Benner, Adam Goldman, Luke Broadwater, Michael S, Schmidt, Putin, Vladimir V, Mr, , John McCain, Barack Obama, Obama, George W, Bush, ” Biden, Republicans shrug, Roy Blunt of, Christopher S, Murphy, Jim Crow, Patrick J, Toomey, that’s Organizations: Plan, The New York Times Democratic, Senate, Republican, Republicans, Senate Democrats, Union, , Democratic, Democrat, CNN, Mr, Apple, Trump Justice Department, New York Times, Department, Trump, White, Capitol, Justice Department, Justice Department’s, Justice, U.S, United, Biden, The New York Times Locations: Maine, Utah, Massachusetts, “ State, Cortez of New York, Cortez, California, New York, Russia, United States, Helsinki, Finland, Lake Geneva, Russian, Ukraine, Northern Ireland, Slovenia, Roy Blunt of Missouri, Connecticut, Washington, Florida, Georgia, Texas, Pennsylvania
Speaking Truth to Both the Right and the Left
  + stars: | 2021-06-14 | by ( Emily Bazelon | ) www.nytimes.com + 0.00   time to read: +4 min
“Imagination and initiative were in short supply,” Packer writes. He thinks America has fractured principally along lines of social class and material hardship, which increasingly persist across generations. He divides it into “Smart America” and “Just America.” Neither is a compliment. If you feel implicated in Smart America, dear reader, that’s probably because you’re meant to be. Politically speaking, this part of the book is a high-wire act.
Persons: , , Packer, ” Packer, Ronald Reagan, Sarah Palin, Clinton, skewers, Smart, that’s, upending Organizations: Trump, for Disease Control, , Democratic Party wasn’t, Smart America, Smart, skewers Smart, Ivy League university Locations: “ Real, Packer’s Just America
But the minute I had a chance to get vaccinated in early March, I took it. Fast forward a few months and … turns out a lot of people need to be convinced or lobbied or bribed. I’m sure you’ve seen the “Price Is Right” Showcase Showdown-like incentives being dangled to get reluctant people vaccinated lately. And props to the states enrolling previously vaccinated people like me into their lotteries, raffles and giveaways; we early adopters appreciate the recognition. So if John Doe is only reluctantly getting vaccinated now because he has a shot at paying his rent this month or winning a new car, good for him.
Persons: patriotically, , you’ve, Krispy, Mike Janela, , , Emily Largent, John Doe, ” Mark Christopher Navin, “ There’s, ” Navin, that’s, I’d, Maya Kruger, Navin, we’re Organizations: University, Pennsylvania’s Perelman, of Medicine, High School, Twitter, raffles, Oakland University, Labor Locations: Ohio, California, Colorado, Washington, Las Vegas, New York City, America
Whether the surge will be temporary or inflation is here to stay is still unknown. If higher inflation remains it could sink stocks, which now have historically high valuations. Jeffrey Gundlach, the billionaire investor known in the financial community as the "bond king," made a simple prediction about inflation on Tuesday. I'm guessing 'up,'" Gundlach said in a tweet, referencing the consumer price index, a popular measure for inflation. "Absorbing those bonds if inflation stays high is going to be a really big problem," Gundlach said.
Persons: Jeffrey Gundlach, Gundlach, it's, Mohamed El, Erian, Gargi Chaudhuri, Goldman Sachs, Ryan Detrick Organizations: Bloomberg, Federal Reserve, Yahoo Finance, Reserve, CNBC, LPL, Fed Locations: Americas
This Is the Summer the Youth Own New York
  + stars: | 2021-06-12 | by ( Steven Kurutz | ) www.nytimes.com + 0.99   time to read: +1 min
This Is the Summer the Youth Own New YorkFor decades, certain corners of the city were so smoothed by money they seemed off-limits to those just starting out as adults. But for one brief shining moment, it all belongs to the young. June 12, 2021Walking around Lower Manhattan on a recent weeknight, a middle-aged, slightly graying man wasn’t sure if it was he who had changed or New York. It said: “This summer in New York is going in the Bible.”“That’s the best way that I can describe how people my age are looking at it, that it’s going in the Bible,” Ms. Pace said. “The energy level could not be higher going into the summer months.”
Persons: hadn’t, Sofia Pace, ” “, ” Ms, Pace, Organizations: Baruch College Locations: York, Lower Manhattan, New York, SoHo, NoLIta, Prince, That’s, East
An agreement to revive the nuclear deal with Iran appears possible as the United States and its partners are set to convene next week in Vienna for the sixth round of talks with Iranian diplomats since April. That’s welcome news, as the Joint Comprehensive Plan of Action, the deal’s full name, imposed important restrictions on Iran’s nuclear program in exchange for a lifting of sanctions. But some key provisions of the deal have an expiration date. The Biden administration apparently understands this, which is why it has vowed to pursue a “longer and stronger” agreement in the future. Iran’s supreme leader, the real power in the country, is said to want a restoration of the deal before a new president takes over for Hassan Rouhani in August.
Persons: That’s, Biden, Hassan Rouhani, Rouhani, Obama, Donald Trump Organizations: Mr Locations: Iran, United States, Vienna, China, France, Russia, Germany, Britain
Particularly coming out of World War II, the Soviet Union and the United States were the global leaders in vaccine science. So while the technology was developed in the United States, there just was no way to test this in the United States. And they visited with American scientists and asked for a sample of this new polio vaccine to bring back to the Soviet Union. And the live polio vaccine sample was carried to the Soviet Union by one account in the pocket of Mikhail Chumakov. And they decide that they will provide the live polio vaccine to their own young children on sugar cubes.
Persons: michael barbaro, I’m Michael Barbaro, Sabrina Tavernise, Andrew Kramer, sabrina tavernise Andrew, andrew kramer Sabrina, tavernise Hi, andrew kramer, andrew kramer Russia, that’s, It’s, it’s, sabrina tavernise Tell, andrew kramer Well, sabrina tavernise, andrew kramer That’s, andrew kramer Polio, Eisenhower, virologists, Mikhail Chumakov, Maria Voroshilova, who’s, tavernise, Sabin, albert b, sabin, Andrew, they’re, they’ve, coronavirus, michael barbaro We’ll, Russia’s, there’s, Alexei Navalny, andrew kramer Right, sabrina tavernise Sputnik, vladimir putin, Putin, we’re, Vladimir Putin, Trump, sabrina tavernise What’s, sabrina tavernise That’s, Luis Arce, Covid Organizations: New York Times, Daily, Covid, U.S, Soviets, Soviet, State Department, Defense Department, virology, United, Sputnik, Union, U.S ., U.S . Department of Health, Human Services, European Union Locations: Russia, Russian, U.S, Soviet Union, United States, Soviet, Berlin, powderkeg, Europe, Japan, America, Pacific, Eastern Europe, Southeast Asia, Moscow, Baltic, Estonia, Latvia, Lithuania, United, Soviet Russia, Ukraine, China, Cuba, Iran, Syria, North Africa, Venezuela, Belarus, Hungary, It’s, Brazil, Latin America, American, Slovakia, Italy, Bavaria, Germany, Argentina, Mexico, Bolivia, Republic, San Marino
Live Live Updates: Negotiations on Policing Overhaul on Edge of Collapse Lawmakers are still at odds over divisive issues, most notably whether to change criminal and civil penalties to make it easier to punish police officers for misconduct. Advertisement Continue reading the main storyBiden administration lifts restrictions on number of federal employees allowed in the office. But Democrats said Mr. Nearman had shown a complete disregard for the rule of law and the principles of democracy. The House Republican leader, Christine Drazan, said Mr. Nearman had indiscriminately allowed violent protesters into the building. That’s not anybody’s actual cellphone,” Mr. Nearman said in the footage.
Persons: Cory Booker, Stefani Reynolds, George Floyd, Biden, “ We’ve, , Tim Scott of, , we’re, Mr, Scott, Cory Booker of, Karen Bass, California —, Booker, Lindsey Graham, ” Nicholas Fandos, Mitt Romney, Jeanne Shaheen, Susan Collins, Kyrsten Sinema, Joshua Bright, Biden’s, Jason Miller, Jody Hice, Mike Nearman, Andrew Selsky, Nearman, Mike Nearman Mr, , Tina Kotek, Kate Brown, — G.O.P, Christine Drazan, Bill Post, Nearman’s, Post, Nearman coyly, That’s, I’m Organizations: Lawmakers, Democrat, The New York Times, Democratic, Republicans, Republican, of Police, National Sheriffs ’ Association, Arizona . Credit, Capitol, White, Social Security Administration, Management, Social, State Capitol, Democrats, Associated Press Lawmakers, Mr, U.S, Trump, Congress Locations: New Jersey, Minneapolis, Tim Scott of South Carolina, Cory Booker of New Jersey, California, South Carolina, Utah, New Hampshire, Maine, Arizona, United States, Georgia, ” An Oregon, Oregon, Salem
Live Live Updates: Democrats Decry Trump-Era Seizure of Lawmakers’ Data, Demand Inquiry The Justice Department under President Donald J. Trump secretly seized data from the accounts of at least two House lawmakers and their aides during a leak investigation. Most recently, a 2020 report by the State Department Inspector General identified six serious shortcomings in the Afghan S.I.V. Image Mike Nearman Mr. Nearman, who faces misdemeanor charges for his actions, said on Thursday that legislative leaders should have never excluded the public from the Capitol — a decision that was a coronavirus precaution. But Democrats said Mr. Nearman had shown a complete disregard for the rule of law and the principles of democracy. The House Republican leader, Christine Drazan, said Mr. Nearman had indiscriminately allowed violent protesters into the building.
Persons: Decry Trump, Donald J, Trump, Biden, Eric Swalwell, Joshua Roberts Top, Department’s, Eric Swalwell of, , Swalwell, Adam B, Schiff, Ron Wyden, ” Mr, Wyden, Nancy Pelosi, Brian Schatz, , Cory Booker, Stefani Reynolds, George Floyd, “ We’ve, Tim Scott of, , we’re, Mr, Scott, Cory Booker of, Karen Bass, California —, Booker, Lindsey Graham, ” Nicholas Fandos, Stuart Isett, Lisa Murkowski, Mitt Romney, Jeanne Shaheen, Susan Collins, Kyrsten Sinema, Shoaib Walizada, Kiana, Walizada, , David Zucchino, Atta Kenare, Ned Price, Robert Einhorn, Einhorn, Price, Obama, Ken Paxton, Biden’s, Al Drago, Paxton, Bush, Kevin Moran, Moran, Paxton’s, Ian Prior, Mike Nearman, Andrew Selsky, Nearman, Mike Nearman Mr, Tina Kotek, Kate Brown, — G.O.P, Christine Drazan, Bill Post, Nearman’s, Post, Nearman coyly, That’s, I’m Organizations: Department, Trump, Trump Justice, Intelligence, Credit, Joshua Roberts Top Democrats, The New York Times, Justice, Times, Justice Department, Apple, California, Democrat, Intelligence Committee, Democrats, Twitter, Democratic, Republicans, Republican, of Police, National Sheriffs ’ Association, Petersburg , Alaska ., United States Forest Service, Arizona . Credit, Capitol, White, U.S . Army, U.S, Embassy, Congress, State, State Department, State Department statistics, Agence France, Treasury, Brookings Institution, Bar of, Texas Republicans, Supreme, Houston Chronicle, Galveston, Texas State, Bar, State Capitol, Associated Press Lawmakers, Mr Locations: California, Eric Swalwell of California, Russia, Oregon, Hawaii, New Jersey, Minneapolis, Tim Scott of South Carolina, Cory Booker of New Jersey, South Carolina, Thomas Bay, Tongass, Petersburg , Alaska, Petersburg , Alaska . Credit, Utah, New Hampshire, Maine, Arizona, U.S, The New York Times KABUL, Afghanistan, Kabul, Iraq, United States, Tehran, Vienna, Iran, Yemen, Texas, Georgia, Michigan, Pennsylvania, Wisconsin, An Oregon, Salem
Live Live Updates: Schumer Demands That Barr and Others Testify About Seizure of Lawmakers’ Data Democrats said they were opening an inquiry into the Trump-era Justice Department’s seizure of data from the accounts of at least two House lawmakers and their aides during a leak investigation. Democrats demand that Barr testify about the Justice Department’s secret seizure of lawmakers’ data. But Democrats said Mr. Nearman had shown a complete disregard for the rule of law and the principles of democracy. lawmakers in Oregon coalesced in recent days around the idea that Mr. Nearman needed to go. That’s not anybody’s actual cellphone,” Mr. Nearman said in the footage.
Persons: Barr, Department’s, Biden, Eric Swalwell, Joshua Roberts, William P, Chuck Schumer, Richard J, Durbin, Jeff, , Mr, Schumer, Donald J, Adam B, Schiff, Eric Swalwell of, ” Mr, Swalwell, Trump, , Ron Wyden, Wyden, Cory Booker, Stefani Reynolds, George Floyd, “ We’ve, Tim Scott of, , we’re, Scott, Cory Booker of, Karen Bass, California —, Booker, Lindsey Graham, ” Nicholas Fandos, Stuart Isett, Lisa Murkowski, Mitt Romney, Jeanne Shaheen, Susan Collins, Kyrsten Sinema, Shoaib Walizada, Kiana, Walizada, , David Zucchino, Atta Kenare, Ned Price, Robert Einhorn, Einhorn, Price, Obama, Ken Paxton, Biden’s, Al Drago, Paxton, Bush, Kevin Moran, Moran, Paxton’s, Ian Prior, Mike Nearman, Andrew Selsky, Nearman, Mike Nearman Mr, Tina Kotek, Kate Brown, — G.O.P, Christine Drazan, Bill Post, Nearman’s, Post, Nearman coyly, That’s, I’m Organizations: Schumer, ’ Data, Trump -, Trump, Intelligence, Credit, Committee, Democrats, Illinois, Republican, The New York Times, Republicans, The Times, Justice Department, Apple, House Intelligence, Times, California, Democrat, Intelligence Committee, Trump Justice, Democratic, of Police, National Sheriffs ’ Association, Petersburg , Alaska ., United States Forest Service, Arizona . Credit, Capitol, White, U.S . Army, U.S, Embassy, Congress, State, State Department, State Department statistics, Agence France, Treasury, Brookings Institution, Bar of, Texas Republicans, Supreme, Houston Chronicle, Galveston, Texas State, Bar, State Capitol, Associated Press Lawmakers, Mr Locations: California, New York, Russia, Eric Swalwell of California, Oregon, New Jersey, Minneapolis, Tim Scott of South Carolina, Cory Booker of New Jersey, South Carolina, Thomas Bay, Tongass, Petersburg , Alaska, Petersburg , Alaska . Credit, Utah, New Hampshire, Maine, Arizona, U.S, The New York Times KABUL, Afghanistan, Kabul, Iraq, United States, Tehran, Vienna, Iran, Yemen, Texas, Georgia, Michigan, Pennsylvania, Wisconsin, An Oregon, Salem
Opinion | Wonking Out: Economic Nationalism, Biden-Style
  + stars: | 2021-06-11 | by ( Paul Krugman | ) www.nytimes.com + 0.00   time to read: +2 min
The modern economy uses chips with practically everything — and the production of chips is very globalized. As you might guess, then, a lot of the Biden-Harris report focuses on national security concerns. National security has always been recognized as a legitimate reason to deviate from free trade. Donald Trump gave the national security argument a bad name by abusing it. One thing is clear: If you thought the revival of economic nationalism was purely a Trumpist aberration, you’re wrong.
Persons: Harris, isn’t, , Donald Trump, That’s, Biden Organizations: Biden, New York, Facebook, Twitter Locations: Taiwan, Japan, China, America
“Our Asian American and Pacific Islander community members, they want their voices to be heard,” said Feng, co-president of the student group that also has brought in speakers, hosted panels and created lessons about Asian American history. Illinois would become the first state to require public schools to teach Asian American studies if the governor signs a bill that cleared the state Legislature. The bill would require Presidential and Congressional Academies, which offer history and civics programming to students and teachers, to include Asian American history in their grant applications. Now, as co-directors of Project YURI, they provide curriculum and professional development around teaching Asian American history. This year, the Asian American Student Union’s leaders met with the school administration to propose changes to the social studies curriculum.
Persons: CHARLOTTE, Lily Feng, , , Feng, Jennifer Gong, wasn’t, Gershowitz, , Grace Meng, Nicholas Hartlep, ” Hartlep, it’s, Freda Lin, Cath Golding, YURI, Golding, ” Golding, that’s, Jason Oliver Chang, ” Chang Organizations: Asian American Student Union, Farmington High School, American, Pacific, Lawmakers, . Rep, Congressional Academies, Berea College, , University of Connecticut, , Asian American, NBC, Facebook, Twitter Locations: N.C, , Connecticut, Atlanta, Pacific Islander, Illinois, Connecticut , New York, Wisconsin, Kentucky, America
Europe’s Carbon Border Tax Plan Looms Over Global Trade
  + stars: | 2021-06-10 | by ( Matthew Dalton | ) www.wsj.com + 0.00   time to read: +8 min
The EU proposal would open up a new front in the fight against climate change by setting the world’s first limits on carbon in traded goods. The proposal would also use the EU’s economic heft to send a powerful signal for other countries to start regulating carbon emissions. Importers of goods covered by the levy—called a carbon border adjustment mechanism—would need to be authorized by the new agency, according to the draft proposal. SHARE YOUR THOUGHTS What implications could a European carbon tariff have for the global economy? The draft legislation proposes charging a carbon price based on the EU’s emissions-allowance market, which regulates EU power plants and factories.
Persons: Biden, Trump, John Kerry, Kerry, , Kevin Frayer, Tim, Rusal, hasn’t, That’s, Emanuele Manigrassi, , Georg Zachmann, Bruegel, Matthew Dalton Organizations: Union, EU, Biden, U.S, , U.S . State Department, Manufacturers, Getty, Wall Street, European Commission, Parliament, Boston Consulting, , World Trade Organization, Aluminium Locations: PARIS, Europe, U.S, Russia, China, England, Paris, Scotland, India, smokestacks, Hebei, Siberia, EU, Brussels, Matthew.Dalton
LONDON/SYDNEY (Reuters) - Global shares hovered near a record high and the dollar also held steady on Thursday, eyeing U.S. inflation data for any sign the Federal Reserve could start tapering its massive stimulus. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 9, 2021. Yet April’s surprisingly strong U.S. inflation print spooked some, leading to a cautious run in to the May numbers later on Thursday in case of another upside surprise. Ahead of the U.S. CPI data, analysts polled by Reuters said they expected a rise of 0.4% in May, taking the annual pace to 3.4%. Activity was muted in the currency market with the dollar flat against a basket of major currencies.
Persons: April’s, , That’s, , Jim Reid Organizations: Global, eyeing, Federal Reserve, REUTERS, Staff, Deutsche Bank, Morgan, Treasury, U.S, CPI, Reuters, ANZ, Brent Locations: SYDNEY, eyeing U.S, Frankfurt, Germany, COVID, Europe, Asia, Pacific, Japan, U.S, Treasuries, United States
A Practical Guide to Building Trust - The New York Times
  + stars: | 2021-06-10 | by ( David Brooks | ) www.nytimes.com sentiment -0.98   time to read: +2 min
Within organizations, trust is usually built by leaders who create environments that encourage people to behave with integrity, competence and benevolence. The more you monitor your employees’ behavior, the more distrusted they will feel and the more distrustful they will become. Leaders who trust their employees may tell them what to do, but they let them manage their own schedules and fulfill their responsibilities in their own ways. Many of us over 45 were raised to separate personal life from professional life. At first, I thought this was ridiculous, but we did it, and it was the right thing to do.
Persons: That’s, Janice Nadler, Northwestern Organizations: Hewlett, Packard
The crypto-space needs more regulation to grow, Novogratz says
  + stars: | 2021-06-09 | by ( John Mccrank | ) www.reuters.com sentiment -1.00   time to read: +2 min
Representations of cryptocurrencies including Bitcoin, Dash, Ethereum, Ripple and Litecoin are seen in this illustration picture taken June 2, 2021. “We need some regulation,” he said at a conference held by Piper Sandler. The more clarity around cryptocurrencies, the better, said Novogratz, a former hedge fund manager at Fortress Investment Group and Goldman Sachs partner. “We have a lot of non-bank banks in the space that if I was the head of the SEC, I would regulate,” he said. “They regulate by litigation,” Novogratz said of the SEC, “and that’s not a great way to regulate and so my pitch would be clarity, clarity, clarity.”
Persons: Florence Lo, Mike Novogratz, , Piper Sandler, , Bitcoin, Gary Gensler, Novogratz, Goldman Sachs, ” Novogratz, that’s Organizations: REUTERS, Galaxy, . Securities, Exchange, Massachusetts Institute of Technology, Fortress Investment, SEC Locations: blockchain
SPRINGFIELD, Ill. — The Abraham Lincoln Presidential Library and Museum in Springfield will mark Juneteenth — the holiday commemorating the end of slavery in the United States — by displaying a rare signed copy of the Emancipation Proclamation. The copy of the proclamation that’s signed by Lincoln and Secretary of State William Seward will be displayed between June 15 and July 6. The original document is kept in the National Archives in Washington, D.C.Juneteenth — also known as Emancipation Day and Freedom Day — falls on June 19. On that day in 1865, more than two years after Lincoln signed the Emancipation Proclamation during the Civil War, enslaved Blacks in Galveston, Texas, were freed with the arrival of federal troops. “Few documents in all of American history carry the weight of the Emancipation Proclamation.
Persons: Abraham Lincoln, that’s, William Seward, Juneteenth —, Lincoln, Juneteenth, ” Melissa Coultas Organizations: Abraham Lincoln Presidential Library and Museum, Lincoln, National Archives, Washington , D.C, Blacks, Facebook, Twitter Locations: SPRINGFIELD, Ill, Springfield, United States, Washington ,, Galveston , Texas, Illinois
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