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☆ Ray Dalio says the U.S. needs a strong leader of the middle and 'broad-based prosperity'
▼ + stars: | 2024-09-19 | 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 EmailRay Dalio says the U.S. needs a strong leader of the middle and 'broad-based prosperity'Ray Dalio, founder of Bridgewater Associates, explains that while the U.S. has pockets of exceptionalism, those elements only benefit a small sliver of the population.

Persons: Ray Dalio Organizations: Bridgewater Associates Locations: U.S

☆ Gen Z Loves Kamala More Than Biden. but It's Not an Obama 2008 Repeat.
▼ + stars: | 2024-08-27 | by ( Daniel Cox | ) www.businessinsider.com time to read: +13 min

Back in 2008, the Obama campaign made an unprecedented effort to target young voters. In critical swing states like Pennsylvania and Nevada, young voters were more likely to report being contacted by the Obama campaign than older voters were. The issues that fire up young voters are increasingly out of step with the interests of an older, more moderate electorate. Young women have grown more liberal, and young men have become noticeably more sympathetic to the GOP. Related storiesSo to court America's young voters, Harris needs to appeal to their desire for something new.

Persons: Kamala Harris, Tamara Keith, Harris, Obama, Joe Biden, Gen, They're, Zers, Gen Z, Hunter, Trump, David Shor, Young, Biden, she's, Hillary Clinton's, —, Hillary Clinton, Joe Biden's, Harris doesn't, Tim Walz, Melanie, Camilla Harrison, hadn't Organizations: NPR, Obama, Democratic, Democrats, Pew Research Center, Trump, Gallup —, Pew, Democratic Party, Politico, Younger Democrats, GOP, Wall Street, New York Times, Monmouth University, Democratic National Convention, The New York Times, Biden Locations: Iowa, Pennsylvania, Nevada, American, Michigan, Siena, Florida

☆ 5 Takeaways From the Democratic Convention
▼ + stars: | 2024-08-23 | by ( Shane Goldmacher | ) www.nytimes.com time to read: 1 min

A month and a day after Democrats made a change, Kamala Harris has the party faithful believing. The vice president’s speech on Thursday capped an ebullient four-day convention in Chicago that showcased the party’s reinvigorated chances against Donald J. Trump in the wake of President Biden’s decision to step aside. Before a convention hall packed with supporters in symbolic suffragette white, Ms. Harris became the second woman to formally accept the Democratic Party’s nomination as she tries to break through as the nation’s first female president. Not that she talked about that. Instead, Ms. Harris wrapped herself in the language of patriotism and American exceptionalism, unspooling the story of her upbringing by a single mother to present herself as a leader who understands the strains and aspirations of the middle class.

Persons: Kamala Harris, Donald J, Trump, Biden’s, Harris Organizations: Democrats, Democratic Locations: Chicago

☆ The great America-Australia relay rivalry gets another worthy chapter in Paris
▼ + stars: | 2024-07-27 | by ( Matthew Futterman | ) www.nytimes.com time to read: +7 min

That was in 2000 in Sydney in the men’s 4×100, at a time when the American men were untouchable at the distance. Australia’s Michael Klim plays lead guitar while Ian Thorpe, right, looks on after the Australians beat the U.S. in the 4×100 freestyle relay in Sydney in 2000. The Chinese men led early but faded. Far and away the dominant swimming nation, American men won the 4×100 freestyle from 1964 until the air guitar incident in 2000. American women won it 14 times from 1924 to 2000.

Persons: That’s, There’s, Gary Hall Jr, Ian Thorpe, Australia’s Michael Klim, Al Bello, Meg Harris of, ’, Simone Manuel of, who’d, glumly, Kate Douglass, Gretchen Walsh, Torri, Hunter Armstrong, Qin Haiyang, Manuel, “, ”, Meg Harris, Mollie O’Callaghan, Quinn Rooney, it’s, Cate Campbell, Emma McKeon, Caeleb Dressel, ” Dressel, Armstrong, Dressel, Ian MacNicol Organizations: Paris Games, Australia, U.S, Getty, New York Times, ARD, FBI, Doping Agency, International Olympic, Aussie, Tokyo, “ Locations: France, Sydney, Meg Harris of Australia, U.S, Tokyo, Salt Lake City, Utah, Australian, Australia, United States, Paris

☆ The Beginning of Biden’s Long Goodbye
▼ + stars: | 2024-07-24 | by ( Peter Baker | ) www.nytimes.com time to read: +1 min

He always knew that he would be delivering a speech like this. He just thought, or hoped, that it would be more than four years from now. Yet while it was not technically a farewell address, with six months still to go in office and more presidenting to do, it was the beginning of Joe Biden’s long goodbye. What there was not much of was introspection about how he had gotten to this moment of indignity. He may be focused on the soul of America, but he revealed little of his own.

Persons: Joe Biden’s, Joe, Donald J, Trump Locations: America

☆ Opinion: How South Africa’s former president Jacob Zuma used Trump’s playbook – and lost
▼ + stars: | 2024-06-26 | by ( Opinion Sean Jacobs | ) edition.cnn.com time to read: +13 min

But the figure of former President Jacob Zuma and his new political party uMkhonto – or simply “MK” – provoked more reaction. Jerome Delay/APMoreover, according to Herman, pro-Zuma conspiracy theories and propaganda, some with Russian fingerprints, had been flooding South African social media in the lead-up to the election. And even as Zuma takes pages from Trump’s playbook, South Africans may be telling a different narrative. Facing pressure, Zuma resigned as South African president in 2018. Though some South Africans still admire the US’ capitalist spirit, I find that the South African friends who visit me in the US don’t always feel at ease anymore.

Persons: Sean Jacobs, Cape Town CNN —, Read, Nelson Mandela –, Jacob Zuma, uMkhonto, ”, –, Herman Wasserman, Herman, Zuma, Donald Trump’s, Jerome Delay, Trump’s, Mandela, Michele Spatari, Duduzile, Jacob Zuma's, MK’s, Zuma’s, “, jestingly liken Donald Trump, Jacob Zuma of, Putin, playbook, Nelson Mandela, Alexander Joe, Trump, “ I’ve, it’s Biden, won’t Organizations: CNN, New School, Cape Town CNN, African National Congress, Zulu, Stellenbosch University, Former South, ANC, Getty, Democratic Alliance, DA, South, Trump, Jacob Zuma of America, Durban, International Court of Justice, Global Locations: Africa, South Africa, Stellenbosch, Cape Town, America, Taiwan, Germany Riding, United States, Orlando, Soweto, Johannesburg, Trump’s playbook, South, Robben, Orange Farm, AFP, Cape, Durban, Russia, States, China, Israel, New York City

☆ Interest rate differential is the biggest driver of Asian currency weakness: Deutsche Bank
▼ + stars: | 2024-06-21 | 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 EmailInterest rate differential is the biggest driver of Asian currency weakness: Deutsche BankSameer Goel of Deutsche Bank says that "dollar exceptionalism" and interest rate differentials are behind the devaluation of Asian currencies.

Persons: Bank Sameer Goel Organizations: Bank, Deutsche Bank

☆ Caitlin Clark Is a Rorschach Test for Sports Fans
▼ + stars: | 2024-06-19 | by ( Lindsay Gibbs | ) www.businessinsider.com time to read: +9 min

But nothing that Clark does — or that is done to Clark — is treated as normal. That was just the latest bulletin in a months-long news cycle trailing everything Clark does. ESPN's Stephen A. Smith said WNBA players should go easier on Clark in games if they want to keep up record viewership: "Protect the golden goose." Related storiesThese days, watching Caitlin Clark play basketball has become a Rorschach test for a deeply divided country. Four years ago, WNBA players actually helped flip a Senate seat in Georgia.

Persons: Caitlin Clark, —, Clark, Clark —, Angel Reese, ESPN's Stephen A, Smith, Nikki Haley, Cathy Engelbert, Wilson, Michael Jordan Michael Hickey, she's, we've, Megan Rapinoe, Donald Trump, Brittney Griner, Matt Leinart, Reese, Pat McAfee, Eminem, Chennedy Carter, Carter, That's, I'm, Dijonai Carrington, Carrington vocalized, Emilee Chinn, Sabrina Ionescu, Breanna Stewart, A'ja Wilson, Clark Caitlin Clark, — infantilize, James Boyd Organizations: WNBA, Business, Chicago, CNN, Fox News, ESPN, Olympic, GOP, Chicago Sky, That's, Connecticut Sun, Getty, Black, Nike, The Locations: Iowa, Hollywood, Indiana, America, Georgia, Russia, Chicago, Washington ,, Connecticut

☆ Goldman gives its four scenarios for year-end, from a megacap super rally to a recession-driven decline
▼ + stars: | 2024-06-17 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

The S & P 500 is higher by 14% already this year, having topped 5,400 for the first time, already blowing past the year-end forecasts of many strategists. In its revised forecast, Goldman Sachs anticipates the S & P 500 still has further to climb. It would mean a 13% fall for the S & P 500, back down to 4,700. Megacap exceptionalism If AI stocks continue to outperform, defying expectations, stocks could see a huge megacap tech rally between now and year's end. In this scenario, investors can expect the S & P 500 to close out the year at 6,300, a gain of about 16%.

Persons: Goldman Sachs, David J, Kostin, Goldman, Nvidia — Organizations: Meta, Microsoft, Nvidia, Federal Reserve

☆ Goldman raises S&P 500 year-end forecast, citing strong earnings growth
▼ + stars: | 2024-06-17 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Goldman Sachs sees upside for the S & P 500 for the rest of this year as corporate earnings strengthen. Chief U.S. Equity Strategist David Kostin hiked his year-end S & P 500 price target by 400 points, or about 7.7%, to 5,600. .SPX YTD mountain S & P 500 index in 2024. That's 11.6% off where the S & P 500 wrapped up last week. The S & P 500 has climbed nearly 14% since the start of 2024.

Persons: Goldman Sachs, David Kostin, Godman, Kostin, Goldman Organizations: Chief U.S, Equity, Microsoft, Nvidia, Wall, CNBC

☆ These top ETFs and funds are beating the S&P 500 — and analysts still see further upside
▼ + stars: | 2024-06-12 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

The first half of the year has generally been good for the market, with the S & P 500 and the Nasdaq repeatedly reaching record highs. Year-to-date, the S & P 500 is up around 13% and the Nasdaq has risen 14.9%. Against that uncertain backdrop, investors might be looking at exchange-traded funds or mutual funds to diversify their investments. Morningstar provided the list of top-performing funds, which all beat the S & P 500. Using FactSet, that list was screened for funds that analysts give 10% or more upside, and that at least half give a buy rating.

Persons: Thomas Poullaouec, Rowe Price, Ed Clissold, Ned Davis, Morningstar, Richard Bernstein Organizations: Nasdaq, U.S . Federal Reserve, Ned, Ned Davis Research, CNBC Pro, Copper Miners, X Copper Miners, Industrial, Richard Bernstein Advisors Locations: Asia, Pacific, U.S, Turkey

☆ Opinion | We Haven’t Hit Peak Populism Yet
▼ + stars: | 2024-05-23 | by ( David Brooks | ) www.nytimes.com time to read: +1 min

On question after question the American responses were, well, average. Roughly 59 percent of Americans said they believed their country is in decline, compared to 58 percent of people across all 28 countries who said that. Sixty percent of Americans agreed with the statement “the system is broken,” compared to 61 percent in the worldwide sample who agreed with that. Sixty-nine percent of Americans agreed that the “political and economic elite don’t care about hard-working people,” compared with 67 percent of respondents among all 28 nations. Sixty-three percent of Americans agreed that “experts in this country don’t understand the lives of people like me,” compared with 62 percent of respondents worldwide.

Locations: America, South Africa, Indonesia, Brazil, Germany

☆ How evangelical leader Jim Wallis uses the Bible to expose the ‘False White Gospel’
▼ + stars: | 2024-04-28 | by ( John Blake | ) edition.cnn.com time to read: +14 min

Some may already be tired of the debate over White Christian nationalism, whose followers blend sexism, racism and hostility to non-White immigrants in a quest to create a White Christian America. But Wallis has been warning people about the dangers of White Christian nationalist beliefs long before the term became popular. You write that White Christian nationalism is not new, and that it’s a form of heresy. This [White Christian nationalism] is an old idea from the Doctrine of Discovery, which says that this country was for people who were White Americans. Tom Brenner/ReutersWhat’s the difference between patriotism — believing that the US is an exceptional country — and White Christian nationalism?

Persons: Jim Wallis, Marx, Wallis, ” Wallis, “, Obama, White, ” Wallis ’, Jesus, You’ve, Donald Trump, Tom Brenner, Pete Seeger’s, It’s, Trump, that’s, it’s, don’t, they’re, Dietrich Bonhoeffer, Adolf Hitler, Michael Gonzalez, haven’t, Let’s, I’ve, Martin Luther, King didn’t, he’s, King, Michael Nigro, Mark Twain, Hitler, —, didn’t, you’ll, John Blake, ” Organizations: CNN, ”, White, Christian America, New York Times, Macmillan “, MAGA, Faith, Justice, Georgetown University, Commission, White Americans, Reuters, Pastors, Candler, Emory University’s Candler, of Theology, Cornerstone, Justice Department Locations: Vietnam, Detroit, America, Washington, Circleville , Ohio, Atlanta , Georgia, German, Germany, Quemado , Texas, Southern, That’s, Pittsburgh, Blacks, White, Hungary, Turkey, Black

☆ The AI-fueled stock market bubble will crash in 2026, research firm says
▼ + stars: | 2024-04-27 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The AI-fueled stock market bubble will burst in 2026, according to Capital Economics. The research firm said rising interest rates and higher inflation will weigh down equity valuations. AdvertisementAn artificial intelligence-fueled stock market bubble will burst in 2026, according to Capital Economics. The research firm has said that a stock market bubble, driven by investor excitement towards artificial intelligence, would drive the S&P 500 to as high as 6,500 by 2025, led by technology stocks. The expected bursting of the stock market bubble should lead to a decade of investment returns that favor bonds over stocks.

Persons: —, Diana Iovanel, James Reilly, Iovanel, Reilly Organizations: Capital Economics, Service, Capital, US

☆ ‘Civil War’ Review: We Have Met the Enemy and It Is Us. Again.
▼ + stars: | 2024-04-11 | by ( Manohla Dargis | ) www.nytimes.com time to read: +3 min

A blunt, gut-twisting work of speculative fiction, “Civil War” opens with the United States at war with itself — literally, not just rhetorically. As in what if the visions of some rioters had been realized, what if the nation was again broken by Civil War, what if the democratic experiment called America had come undone? In “Civil War,” the British filmmaker Alex Garland explores the unbearable if not the unthinkable, something he likes to do. By the time “Civil War” opens, the fight has been raging for an undisclosed period yet long enough to have hollowed out cities and people’s faces alike. Instead, he presents an outwardly and largely post-ideological landscape in which debates over policies, politics and American exceptionalism have been rendered moot by war.

Persons: ”, it’s mesmerizingly, Kirsten Dunst, Alex Garland, Garland, “, Jesse Plemons, you’ve Organizations: D.C, Western Forces Locations: United States, Washington, New York, Texas, California, America, British

☆ The Jamie Dimon manifesto
▼ + stars: | 2024-04-09 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +7 min

The 2023 shareholder letter from JPMorgan Chase CEO Jamie Dimon is chock full of policy ideas. Jamie Dimon, the billionaire CEO of JPMorgan Chase, outlined some of the biggest issues facing the company, the country, and the world in his 2023 annual shareholder letter. But he says that the US needs to flex its other muscles of power — economic policy, diplomacy, and intelligence — beyond military strength. Dimon points to the growth in wage inequality, saying that "wrong" policy falls disproportionately on the backs of lower-earning Americans. Dimon previously said that taxes on the wealthy could help offset the costs of bolstering the EITC.

Persons: Jamie Dimon, —, JPMorgan Chase, who's, Dimon, Oppenheimer, Donald Trump Organizations: JPMorgan Chase, Service, JPMorgan, US, Ukraine, Woods, Monetary Fund, American Locations: Ukraine, China

☆ Trump’s Bible Misunderstands Christianity - The New York Times
▼ + stars: | 2024-03-31 | by ( Esau Mccaulley | ) www.nytimes.com time to read: +1 min

The presumptive Republican nominee for president of the United States, who weeks ago started selling shoes, is now peddling Bibles. For example, according to a promotional website, it’s the only Bible endorsed by Donald Trump. This God Bless the USA Bible, as it’s officially named, focuses on God’s blessing of one particular people. Whether this Bible is an example of Christian nationalism I will leave to others. It is at least an example of Christian syncretism, a linking of certain myths about American exceptionalism and the Christian faith.

Persons: Donald Trump, It’s, Lee Greenwood, James, —, it’s Organizations: Republican Locations: United States, Independence, American

☆ Goldman gives 4 scenarios for stocks: One sees S&P 500 rallying to 6,000, another calls for a drop to 4,500
▼ + stars: | 2024-03-25 | by ( John Melloy | ) www.cnbc.com time to read: +3 min

The market's surprising rally has lifted the S & P 500 to Goldman Sachs' year-end target before the first-quarter is even over, so the firm is giving clients various scenarios that could happen from here. If their target ends up being correct and stocks pull back, Goldman recommended clients get long its basket of defensive stocks. The S & P 500 is coming off its best week since December, bringing it to 5,234.18. Catch-down scenario: The S & P 500 falls to 4,500, or down 14% from here, as sales growth estimates prove to be too optimistic, especially for the Magnificent 7 Stocks. "Mega-cap exceptionalism" scenario: The S & P 500 finishes the year at 6,000, or up another 15% from here, where expectations for stocks like Nvidia prove correct and investors take the S & P 500 to 23 price-earnings ratio.

Persons: Goldman Sachs, Goldman, David Kostin, Kostin Organizations: CNBC Pro, Wall, Nvidia Locations: That's

☆ America has never had a presumptive nominee like Donald Trump
▼ + stars: | 2024-03-06 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

CNN —Donald Trump has put America on notice – his second term would be even more disruptive and turbulent than his first. He’s portraying America as a dystopian, failed state overwhelmed by lawlessness, urban blight and slipping toward World War III abroad. For Trump, America is not Ronald Reagan’s “shining city on a Hill.” It is a banana republic. Who are these people that would ruin our country?” Trump asked. After Trump demoralized US allies in his first term, Biden has reinvigorated and expanded NATO in responding to Russia’s invasion of Ukraine – an illegal land grab Trump suggests he will reward.

Persons: Donald Trump, Joe Biden, Nikki Haley, –, Trump, he’s, conflating, “ We’re, we’re, ” Trump, Ronald Reagan’s “, “, ”, quagmire –, Biden, chillingly, reedy, ” Biden, Grover Cleveland, He’s, Haley, Robert F, Kennedy Jr Organizations: CNN, Republican, GOP, Carnage, Trump, Justice Department, Capitol, Wednesday, White House, Democrat Locations: America, Ukraine, Florida, ”, Manchester , New Hampshire, Super, United States, NATO, Michigan, Arab, Gaza

☆ Stocks enter 'belief' phase with most investors converted to bulls. What it means going forward
▼ + stars: | 2024-03-02 | by ( Michael Santoli | ) www.cnbc.com time to read: +9 min

The sheer persistence of the equity rally, with the S & P 500 up 16 of 18 weeks and refusing to succumb to supposed late-February seasonal weakness, has converted the cautious. Still, by some lights, stocks' valuation is one of the better sentiment indicators, and by that measure the investment community is pretty enthusiastic. More simply, we continue to see elevated but not alarming P/Es in the S & P 500 broadly while the median P/E of the top 10 names in the index remains close to past peaks." Coming at a time when the S & P 500 is more than 13% above its 200-day moving average — pretty stretched — and we haven't had even a 3% pullback since October. The "right" cyclical sectors are leading (industrials and consumer discretionary in addition to tech), and the equal-weight S & P 500 is nosing toward its old high.

Persons: Scott Rubner, maven, Goldman Sachs, there's, it's, hustled, gunning, BofA's Savita Subramanian, Citi's Scott Chronert, Barclays Venu Krishna, Lori Calvasina, haven't, I've, We've, Stocks, – Organizations: Micro, Dell Technologies, ARM Holdings, Bank of America, Barclays, Big Tech, Tech, Federal, Fed Locations: U.S

☆ Barclays raises S&P 500 target to 5,300 on tech leadership and resilient economy
▼ + stars: | 2024-02-27 | by ( Fred Imbert | ) www.cnbc.com time to read: +1 min

The market's hot start to 2024 will continue thanks to a strong tech sector and a resilient economy despite high rates, according to Barclays. The bank raised its S & P 500 target to 5,300 from 4,800. Year to date, the S & P 500 is up 6.3%, led by even more gains in tech amid excitement around artificial intelligence and the prospects of it bolstering profits. The S & P 500 tech sector is up 9.6% in 2024, outperforming the 10 other sectors. Krishna also raised his full-year earnings forecast for the S & P 500 to $235 per share from $233.

Persons: It's, Venu Krishna, Krishna Organizations: Barclays, CNBC Market, UBS, Big Tech, Tech, Nvidia Locations: Monday's

☆ Women in Iceland want you to know it's not a gender equality utopia, despite what the statistics say
▼ + stars: | 2024-02-16 | by ( Grace Dean | ) www.businessinsider.com time to read: +22 min

AdvertisementBoth Icelandic and foreign-born women told BI that though they largely feel safe in Iceland, it's no feminist paradise. "That was like a wake up call for many women," Thorgerdur J. Einarsdóttir, professor of gender studies at the University of Iceland, told BI. Some groups of women are more vulnerable to violence and low wages, including foreign-born women, women with disabilities, and trans women, the interviewees said. Older generations fight so younger ones can flourishBut despite these concerns, the women BI spoke to said that they largely felt safe living in Iceland. Women BI spoke to largely said they felt optimistic about the changes that future generations would bring.

Persons: —, Arni Torfason, Saadia Zahidi, Valenttina Griffin, Grace Dean, Adolphsdóttir, Einarsdóttir, Vigdís Finnbogadóttir, Sigurðardóttir, Iceland's, Halldor Kolbeins, Sonja Ýr Þorbergsdóttir, Þorbergsdóttir, Inclusivity, Alice Olivia Clarke, Mads Claus Rasmussen, Ritzau Scanpix, they'd, Steinars, she'd, she's, Ása Steinars, Alondra Silva Muñoz, Griffin, Silva Muñoz, Sigrún, Rósa, that's, Shruthi Basappa, I've, it's, Jewells Chambers, Silva Muñoz –, millennials –, … Organizations: Service, Viking Women, Stockings, Women's Rights, Nordic, Red Stockings, United Nations, Farmers ' Union, University of Iceland, Getty, Iceland, UN, Statistics, Sweden –, Icelandic Teachers ' Union, SEI Locations: Iceland, Reykjavik, Icelandic, Denmark, AFP, Canada, Norway, Sweden, Statistics Iceland, Colombia, Lithuania, Spain, Poland, India, Chile, WomenTechIceland, it's, Brooklyn, New York City, Thorhildur

☆ Neuralink exec Shivon Zilis defends Elon Musk's $55 billion Tesla pay package
▼ + stars: | 2024-01-31 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

Read previewNeuralink director Shivon Zilis is coming to Elon Musk's defense after his Tesla pay package was voided. A Delaware judge on Tuesday swatted down Musk's $55 billion Tesla pay package, siding with a shareholder who argued that Musk's pay as CEO was excessive. She stood by his Tesla compensation package in a social media post on Wednesday. "There are so many anti-meritocratic situations where people take money off the table while destroying shareholder value," Zilis wrote. "Never incorporate your company in the state of Delaware," Musk wrote .

Persons: —, Shivon Zilis, Elon, Kathaleen St, J, McCormick, Musk, Zilis, it's, Tesla Organizations: Service, Tesla's, Business, Bloomberg Locations: Delaware

☆ How America’s economy keeps defying expectations when the rest of the world is struggling
▼ + stars: | 2024-01-26 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +4 min

Economists were convinced the last quarter of 2023 had to be the one where economic growth slowed significantly after the prior quarter’s gangbuster 4.9% annualized growth rate. Gross domestic product, the broadest measure of economic output, did slow last quarter to a 3.3% annualized rate. It’s remarkable given economists were expecting 1.5% annualized GDP growth last quarter. But what’s perhaps most remarkable about the US economic growth rate is how much it towers over similarly sized advanced economies. Covid stimulus money is helping Americans avoid cutting back on spending.

Persons: Larry David, that’s, rateaccording, Joseph Gagnon, David Paul Morris, Gagnon, That’s, Alicia Wallace, Hanna Ziady, he’s, I’ve, it’s Organizations: New, New York CNN, Gross, Peterson Institute for International Economics, Federal Reserve, Bloomberg Locations: New York, Singapore, Europe, Ukraine

☆ Moms for Liberty leaders are behind a new charter school, which will have little government oversight even as taxpayers fund it
▼ + stars: | 2024-01-21 | by ( Katie Balevic | ) www.businessinsider.com time to read: +4 min

Leaders of the conservative group Moms for Liberty are behind a new charter school in Charleston. AdvertisementSome leaders of Moms for Liberty, the conservative group that has pushed for "parental rights" in schools nationwide, are behind the opening of a new charter school. Tara Wood, the chair of Charleston's Moms for Liberty chapter and a member of the new charter school's board, told Business Insider in a statement that "Ashley River Classical Academy is not a Moms for Liberty school." "We are simply trying to protect our children from sexually explicit books," the group's Charleston chapter says on its website. Asked about the curriculum, Wood said: "What is so 'controversial' about the year our country was founded?"

Persons: —, Ashley, Tara Wood, Wood, Judd Legum, Legum, Trump Organizations: Liberty, Popular, Service, Classical Academy, CBS, Classical, Hillsdale College, Southern Poverty Law Center, MSNBC, Hillsdale, American Historical Association Locations: Charleston ., Mount Pleasent, Michigan, Charleston, United States

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