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The lunar lander called Odysseus or IM-1, created by Houston-based company Intuitive Machines, is barreling toward the moon. If it fails, Odysseus would become the third lunar lander to meet a fiery demise on the moon in less than a year. Russia’s first lunar lander mission in 47 years, Luna 25, failed in August 2023 when it crash-landed. Overall, more than half of all lunar landing attempts have ended in failure — tough odds for a feat humanity first pulled off nearly 60 years ago. The US remains the only country to have put humans on the lunar surface, most recently in 1972 with the Apollo 17 mission.
Persons: Odysseus, Luna, Ispace, Japan —, hasn’t, Scott Pace, George Washington, , ” Pace, Artemis, , Greg Autry, “ There’s, India’s, Jitendra Singh, Satish, Satish Baby, ” Singh, Astrobotic, Steve Altemus, it’s, Glynn Lunney, ” Autry, “ Neil, Armstrong, “ We’ve, Joel Kearns Organizations: CNN, Technology, Policy Institute, , Arizona State University’s Thunderbird School of Global Management, State for Science, Indian Space Research Organisation, Space, Getty, Economic Times, NASA, Payload Services, Johnson Space Center, AP Locations: United States, Houston, Japan, Soviet, States, China, India, Sriharikota, Andhra Pradesh, AFP, New York, Los Angeles, what's
“We are the Michigan G.O.P.,” Mr. Hoekstra said in an interview on Friday. On Thursday night, Ms. Karamo sought to address her leadership status at a Republican gathering in Oakland County near Detroit. A video recorded by The Detroit News showed her being heckled as party leaders elected delegates for next month’s state convention. At the Karamo-aligned event, a projector displayed a logo for the county’s Republican Party. did not immediately respond to requests for comment about what would happen if rival slates of Michigan delegates showed up at the convention.
Persons: Donald J, Trump, Pete Hoekstra, Kristina Karamo, Hoekstra, ” Mr, “ Kristina Karamo, Mr, ” “, , Karamo, , Ole ’, we’ve, ” Ms, Patrick Van Katwijk, Fred Krymis, Rod Halcomb, Emily Elconin, Kelly Sackett, Matthew DePerno Organizations: Republicans, Trump, Republican National Committee, Republican, Democratic, Republican Party, Republican National, Agence France, Michigan, The Detroit News, Baptist Church, county’s Republican Party, Michigan Republicans, The New York Times, Kalamazoo, Republican National Convention Locations: Michigan, Waterford Township, Detroit, Western Michigan, Netherlands, Oakland County, Kalamazoo County, Scotts, Mich, Kalamazoo
Most Biden supporters (68%) said they would be casting their vote against Trump as opposed to just 32% who said it would be a vote to support Biden. It’s the opposite for registered voters supporting Trump; 60% said it would be a vote for Trump compared with 40% who would be casting a vote against Biden. For now, Trump has an edge; he gets the support of 49% of registered voters in CNN’s poll compared with 45% who back Biden. Trump’s roseMore Americans have an unfavorable opinion of Biden than have an unfavorable view of Trump in CNN’s poll. Concerns about Biden’s age stickThe most-cited concern about Trump among Republicans and Republican-leaning registered voters is his demeanor.
Persons: Joe Biden, Biden, Donald Trump, SSRS, Trump, , Jennifer Agiesta, Ariel Edwards, Levy, Biden’s favorability, Trump’s, It’s, Haley, Nikki Haley, Jake Tapper, “ We’ve, ” Haley, Tapper, , I’m, He’ll, he’ll, souring, it’s, Kamala Harris, Hillary Scholten, CNN’s Manu Raju, ” Scholten, Raju Organizations: CNN, Trump, Biden, Republican, Quinnipiac, Republicans, Democratic, Haley Republicans, South Carolina Gov, GOP, Republican Party, Teamsters, United Auto Workers, UAW, Michigan Democrat Locations: CNN’s, Agiesta, Quinnipiac, Iowa, New Hampshire, Trump, – Pennsylvania, Wisconsin , Michigan, Georgia, Arizona, Nebraska, Washington ,, Belt, Michigan, , Israel, Gaza
Wall Street is headed into the thick of earnings season, with results on deck from the bulk of the so-called Magnificent Seven names. On top of that, the Federal Reserve's latest monetary policy decision and the January jobs report will be in focus. Federal Reserve meeting Investors aren't anticipating much out of the Fed meeting next week. Market participants say recent reports show the trends have been going in the right direction, and Friday's report is expected to confirm the softening in the jobs market. Other significant earnings in the week ahead include Boeing , a major Dow component.
Persons: Russell, we've, Shannon Saccocia, Jonathan Krinsky, Tesla, that'll, Hogan, you've, John Bailer, Jerome Powell, Tony Welch, Welch, FactSet Organizations: Microsoft, Nvidia, Dow Jones Industrial, Nasdaq, Dow, JPMorgan, Riley Securities, Newton Investment Management, Fed, PCE, Boeing, Alaska Airlines, Dallas, Whirlpool, Petroleum, United Parcel Service, General Motors, Pfizer, Devices, ADP, ECI Civilian Workers, Chicago PMI, Mastercard, Qualcomm, Labor, PMI, Manufacturing, Apple, Chevron, Exxon Mobil Locations: Thursday's, nonfarm payrolls, Chicago, Royal Caribbean, Michigan
Read previewThe US economy may be going strong, but the commercial property market is still in trouble. AdvertisementA $2.2 trillion mountain of commercial real estate debt is expected to mature by 2027, bringing a wave of potential distress as landlords refinance buildings at much higher rates. According to McDonald, the trillions in real estate debt barreling toward maturity, along with a $1.9 trillion pile of corporate debt, will force the Fed to cut rates this year. "Covid changed how people work [...] and then interest rates ran up very rapidly. Lower interest rates will save some buildings, some property owners, but not a majority of them.
Persons: , Larry McDonald, McDonald, Don Peebles, Peebles, Covid Organizations: Service, Business, Fox Business, Washington D.C, Peebles Corporation Locations: Washington, New York City
Even the helmet of Chiefs quarterback Patrick Mahomes broke in the tundra like conditions. Matt Krohn/USA Today Network/Reuters New York Jets linebacker Quincy Williams grabs the jersey of Washington Commanders wide receiver Curtis Samuel on December 24. Adam Hunger/AP Indianapolis Colts wide receiver Josh Downs can't make the catch as Atlanta Falcons cornerback Clark Phillips III defends on December 24. Michael Dwyer/AP Las Vegas Raiders wide receiver Davante Adams drops a pass in the end zone on October 22. It’s extreme temperatures.”What can be doneFor the Chiefs-Dolphins game, Kansas allowed spectators to bring blankets into Arrowhead Stadium, and there were warming stations and hot chocolate available to purchase.
Persons: Andy, shivers, Michael Hopkins, , Hopkins, Patrick Mahomes, Mahomes, Jay Biggerstaff, , ” Marshall Shepherd, Jalen, Julio Aguilar, Dawson Knox, Kathryn Riley, Kirby Lee, Jahmyr Gibbs, Rey Del, Jaire Alexander, Ron Jenkins, Dak Prescott, Michael Owens, DeShon Elliott, Emily Curiel, Christian Harris, Ryan Kang, Josh Allen, Trent Sherfield, , Rich Storry, Thomas Hennessy, Brian Fluharty, Micah McFadden, Boston Scott, Adam Hunger, Bill Belichick, Belichick, David Butler II, Tayler Hawkins, Ezra Shaw, Emmanuel Forbes, Mark Schiefelbein, Tyrique Stevenson, Jeffrey Phelps, Mitchell Wilcox, Jeff Dean, Najee Harris, Lamar Jackson, Patrick Smith, James Conner, Nicholas Morrow, Chris Szagola, Juan Thornhill, Nick Cammett, Wan'Dale Robinson, Ifeatu Melifonwu, Matt Krohn, Quincy Williams, Curtis Samuel, Josh Downs, Clark Phillips III, Danny Karnik, George Pickens, Mark Alberti, Chamarri Conner, Charles Omenihu, Nick Bolton of, Ezekiel Elliott, Sarah Stier, Raheem Mostert, Lauren Sopourn, Desmond Ridder, Jared C, Tilton, Bradley Chubb, Zach Wilson, Sam Navarro, Tommy DeVito, Chris Graythen, Sam LaPorta, Brandon Staley, Staley, Tom Telesco, Sean M, DeAndre Hopkins, Moore, Quinn Harris, Jake Ferguson, Kelee Ringo, Sam Hodde, Jamie Squire, Kevin C, Cox, Tylan Wallace, Wallace's, David Tulis, Nick Bosa, Drew Lock, Lock, Geno Smith, Trevor Lawrence, David Rosenblum, Brock Purdy, Matt Slocum, Tim Boyle, Al Bello, Roger McCreary, Trey Sermon, Andy Lyons, Brandon Aiyuk, Eric Hartline, Courtland Sutton, Eric Christian Smith, Jamal Adams, Roger Steinman, Ian Johnson, Tyler Allgeier, Todd Kirkland, Micah Hyde, Jevon Holland, Tim Boyle's, Mary, Holland, Chris Pedota, Jerome Miron, Reuters Christian Watson, Lauren Leigh Bacho, Marquez Valdes, David Eulitt, Devon Witherspoon, Matthew Stafford, Mark J, Terrill, Joe Burrow, Aaron M, Julian Blackmon, Nathan Ray Seebeck, Reed, Joey Porter Jr, Joe Sargent, Kyler Murray, Mike Christy, Tristan Wirfs, Chris O'Meara, Austin Ekeler, Detroit's Aidan Hutchinson, Derrick Barnes, Jack Campbell, Harry, Demario Douglas, Kenny Moore II, Steve Luciano, Noah Sewell, Kirill Kudryavtsev, Joshua Dobbs, Dobbs, Kevin Sabitus, Cooper Neill, Daniel Jones grimaces, John Locher, Cole Kmet, Tyrann Mathieu, Wesley Hitt, Jaylen Warren, Tre Avery, Joe Robbins, Ja'Quan McMillian, Justin Edmonds, Will Levis, Levis, George Walker IV, Brown, Benjamin St, Juste, Alex Brandon, Zack Moss, Michael Conroy, Jack Dempsey, Irv Smith Jr, Talanoa Hufanga, Josie Lepe, Dalton Kincaid, Rich Barnes, Sean McDermott, Michael Dwyer, Davante Adams, Jamie Sabau, Younghoe Koo, Javonte Williams, Darnell Savage, Jonathan Taylor, Trevor Ruszkowski, Charlie Riedel, Brock Purdy scrambles, Jeremiah Owusu, Sue Ogrocki, CJ Henderson, Mostert, Lynne Sladky, Justin Fields, Dick Butkus, Butkus, Todd Rosenberg, Christian Rozeboom, Tony Ding, DeVonta Smith, Robert Spillane, David Becker, Paul Sancya, Dustin Bradford, KaVontae Turpin, Henderson, Matt Durisko, Chase, Marco Wilson, Joe Camporeale, Khalil Mack, Mack, Gregory Trott, Justin Setterfield, Brian Robinson Jr, Mitchell Leff, Damar Hamlin, Hamlin, Adrian Kraus, Evan McPherson, McPherson, Amon, Ra St, Braxton Berrios, Christian Wilkins, Rebecca Blackwell, Amari Cooper, Andrew Nelles, Evan Vucci, Taylor Swift, Travis Kelce, Swift, Alie, Tavius Robinson, Brent Skeen, Isaac Yiadom, Dan Powers, Rick Osentoski, Elijah Mitchell, Cary Edmondson, Nick Chubb grimaces, Aaron Rodgers, Michael Ainsworth, Lawrence, Sam Greenwood, Michael Wilson, Jason Pinnock, Matt York, Noah Gray, Leonard Floyd, Rodgers, Elsa, Christian McCaffrey, Justin K, Jakobi Meyers, Damarri Mathis, Ron Chenoy, Grant Delpit, Nick Wosika, JK Scott, Zay Flowers, Randy Litzinger, T.J, Watt, Matt Freed, Scott Winters, Shepherd, ” Shepherd, , Andy Reid Organizations: CNN, Arrowhead, Kansas City Chiefs, Miami Dolphins, Kansas City Fire Department, Reuters, Buffalo Bills, Pittsburgh Steelers, University of Georgia, CNN Sport, ” Philadelphia Eagles, Tampa Bay Buccaneers, Eagles, NFC, Getty Images Buffalo Bills, Pittsburgh, Bills, USA, Sports Detroit Lions, Lions, Los Angeles Rams, Sunday, Rey Del Rio, Green Bay Packers, Packers, Dallas Cowboys, NFL, Getty Images, Green Bay, Chiefs, Dolphins, Kansas City Star, Tribune, Service, Getty Images Houston Texans, Cleveland Browns, Texans, Browns, AP Buffalo, Trent, AFC East, New York Jets, The Jets, Network, Reuters New York Giants, Philadelphia Eagles, Boston, Giants, New England Patriots, Reuters San Francisco 49ers, 49ers, Rams, Getty Images Dallas Cowboys, Cowboys, Chicago Bears, AP Cincinnati Bengals, Bengals, Cincinnati, Cleveland, AP Pittsburgh Steelers, Steelers, Baltimore Ravens, Ravens, AFC, Getty Images Arizona Cardinals, Cardinals, AP Cleveland Browns, Jets, New York Giants, AP Kansas City Chiefs, Las Vegas Raiders, AFC West, Reuters Detroit Lions, Minnesota Vikings, The Lions, Reuters New York Jets, Washington, AP Indianapolis Colts, Atlanta Falcons, Falcons, Cincinnati Bengals, Getty Images Miami Dolphins, AP Atlanta Falcons, The Carolina Panthers, New Orleans Saints, Getty Images Detroit Lions, Denver Broncos, Los Angeles Chargers, Raiders, Chargers, Getty Images Tennessee, Miami, Titans, Bears, Detroit Lions, Getty Images Atlanta Falcons, Getty, UPI, San Francisco 49ers, Seattle, Seahawks, The 49ers, AP Jacksonville Jaguars, Jaguars, Tennessee Titans, Indianapolis Colts, Colts, Reuters Denver Broncos, Broncos, Houston Texans, AP Dallas Cowboys, Seattle Seahawks, AP Philadelphia Eagles, AP Miami Dolphins, Network Dallas Cowboys, Getty Images Kansas City Chiefs, Super, Getty Images Seattle Seahawks, Buccaneers, AP Los Angeles Chargers, Detroit, Indianapolis, Football, Carolina Panthers, Getty Images Minnesota Vikings, Vikings, Stroud, AP Chicago Bears, Saints, Getty Images Pittsburgh Steelers, AP Denver Broncos, Getty Images Tennessee Titans, Patriots, AP Las Vegas Raiders, Reuters Atlanta Falcons, Getty Images Denver Broncos, Koramoah, Soldier, Pro Football Hall of Fame, Arizona Cardinals, AP Detroit Lions, AP New York Jets, Levi's, Lucas Oil, North, Reuters Los Angeles Chargers, Wembley, Tennesee Titans, Lambeau, Cleveland Browns Stadium, Reuters Buffalo Bills, Ford Field, Reuters Cleveland Browns, AT, TIAA Bank, Kansas, Jacksonville Jaguars, Reuters Las Vegas Raiders, Highmark, Acrisure, US Bank, JK, Reuters Baltimore Ravens, Baltimore, Niners, Buffalo, Kansas City, ” Chiefs, Facebook Locations: Kansas, Missouri, Kansas City, New England, Getty Images Arizona, Frankfurt, Germany, AFP, Stroud, Denver, Chicago, Detroit, North America, London, New, Pittsburgh, Minneapolis, Kansas City , Missouri, Buffalo, Canada
London CNN —The US dollar is barreling toward a 3.7% loss this month against a basket of six major currencies in what would be it worst monthly performance in a year. For countries that depend on commodity imports, a weaker dollar means they have to pay less for essentials like wheat and crude oil. A number of up-and-coming economies have debts denominated in dollars, and a weaker dollar can make servicing those debts less expensive. A fall in the greenback’s value also signals better investment opportunities outside the United States, McCormick told CNN. “A weaker dollar is a rising tide that lifts all boats,” he said.
Persons: decelerate, ” Ulrich Leuchtmann, Cameron Willard, , ” Willard, , Mark McCormick, Leuchtmann, McCormick, stokes, Willard Organizations: London CNN, Reserve, CNN, TD Securities Locations: United States, Japan, Korea, India, Handelsbanken
Jack Walker is a union man. He drives a garbage truck in Memphis, where his route can take him barreling past shotgun-style houses along the Mississippi River and down the narrow alleyways near the Lorraine Motel, where the Rev. Robert Walker, Mr. Walker’s father, was also a sanitation worker. The tragedy was a culmination of slow-burning indignities for Black sanitation workers in Memphis. Roughly 1,300 sanitation workers began marching through the streets of Memphis.
Persons: Jack Walker, Martin Luther King Jr, King’s, Robert Walker, Walker’s, Echol Cole, Robert Walker’s, Jack, wouldn’t Organizations: The New York Times Locations: Memphis, Mississippi
In ‘The Future,’ Earth Barrels Toward Fiery Destruction
  + stars: | 2023-11-07 | by ( Ian Wang | ) www.nytimes.com   time to read: +2 min
THE FUTURE, by Naomi AldermanThere are few figures in the Bible more cruelly evocative than Lot’s wife, who is transfigured into a pillar of salt for looking back at Sodom. Early in her novel, a woman is frozen to death with a chemical refrigerant made of paramagnetic salts: a Lot’s wife for the Information Age. Alderman’s Sodom is our own polarized, plutocratic world. Whether by divine will or not, “The Future” finds the earth barreling toward fiery destruction. But no such fever pitch is reached in Alderman’s new novel, whose outlook is decidedly more reformist than revolutionary.
Persons: Naomi Alderman, Anna Akhmatova, , Kurt Vonnegut, ” Naomi Alderman’s “, Zimri Nommik, Ellen Bywater, , Alderman, Harvey Weinstein, Locations: United States
Bowman, Lee, Omar and Tlaib also were among the 17 sponsors of Bush’s resolution asking the Biden administration to call for a ceasefire. Challenges to Bush and the others were possible even before the Hamas attack on Oct. 7 or Israel’s subsequent attack on Hamas in the Gaza Strip. It is unfortunate, Andrabi said, that the House Democratic leadership has not taken a stronger stance against AIPAC’s efforts to knock off rank-and-file Democrats. It remains unclear whether House Democrats will help incumbents fend off primary challengers through campaign fundraising arms. Before Oct. 7, House Democratic Leader Hakeem Jeffries, D-N.Y., issued statements of support for Omar and others, saying he will support the reelection of every House Democratic incumbent, regardless of ideology.
Persons: Cori Bush, Israel, Wesley Bell, Bush, Bush isn’t, Israel —, Bell, Summer Lee, Jamaal Bowman, Ilhan Omar, Rashida, Israel's staunchest, Omar, Bowman, Thanedar, Lee, Tlaib, Gaza . Bowman, Biden, Omar —, , Democrats ’, Usamah Andrabi, Andrabi, Hakeem Jeffries, ” Tlaib, Israel Democrats ” —, Thanedar —, Detroit —, Sen, Adam Hollier —, Reconstructionists, , Daniel Fellman, Lee isn’t, ” Lee, Bhavini Patel, Lee doesn’t, Don Samuels, George Floyd, George Latimer, Latimer, Bush —, , Darryl Gray, Louis, ” ___ Levy, Steve Karnowski, Joey Cappelletti, Anthony Izaguirre Organizations: LOUIS, Hamas, The Missouri Democrat, U.S, Senate, Democratic, Democrats, Israel, Democratic Party, Justice Democrats, American Israel Public Affairs Committee, “ Democratic, , House Democratic, Democratic Congressional, Palestinian American, Israel Democrats, Tlaib, Detroit, Conservative, Somali American, Westchester Locations: Israel, The Missouri, St, Louis, Pennsylvania, New York, Minnesota, Michigan, Detroit, Gaza ., Gaza, D, Detroit House, Dearborn, Southfield, Hollier, In Pittsburgh, Pittsburgh’s Temple, Minneapolis, Somali, Westchester County, Missouri, Iran, Harrisburg , Pennsylvania, Lansing , Michigan, Albany , New York
Fed buzz: words to watch for as the Fed sets rates
  + stars: | 2023-10-31 | by ( ) www.reuters.com   time to read: +5 min
Here are a few words and phrases to watch for in the Fed's post-meeting statement on Wednesday and in Fed Chair Jerome Powell's news conference, and what they might suggest for the future path of interest rates. Any change to that phrase could signal Fed policymakers feel they are closer than before to reaching a sufficiently restrictive stance of monetary policy. Reuters GraphicsPROCEED CAREFULLYIn his news conference following the Fed's September decision to hold the policy rate steady, Powell said the Fed would proceed or move "carefully" 11 separate times. The adverb is meant to convey a central bank no longer barreling ahead with ever-tighter policy, as it did last year when it drove the policy rate up in chunks of as much as 75-basis-points at a time. A few of Powell's colleagues have said those risks have recently become roughly balanced; Powell has not.
Persons: Jerome Powell, Brendan McDermid, Jerome, Powell, Ann Saphir, Andrea Ricci Organizations: Economic, of New, REUTERS, Federal Reserve, Reuters Graphics, Powell, Reuters, Thomson Locations: of New York, New York City, U.S
As some US companies cut back on their dependence on China, Apple could be hardest hit, says Steve Jobs' biographer. Walter Isaacson told "Squawk Box" that "it'll be hardest" for Apple to decrease reliance on China. AdvertisementAdvertisementAs more US companies are trying to cut back on relying on China for business, Apple could be the one hardest hit if economic tensions continue to escalate. "Most companies are trying to decrease their dependence on China, but it'll be the hardest for Apple to do that." More than 95% of iPhones, Macs, AirPods, and iPads are made in China, according to the Financial Times.
Persons: Steve Jobs, Walter Isaacson, Tim Cook, , Elon Musk, CNBC's, Apple, Isaacson, it'll, we've, Wang Wentao, Terry Gou Organizations: Apple, Service, Tesla, Bloomberg, Counterpoint Research, YouTube, Wall Street, Financial Times Locations: China, Beijing, Chengdu, Taiwan
Two key indicators with with spooky significance
  + stars: | 2023-10-23 | by ( Allison Morrow | ) edition.cnn.com   time to read: +4 min
As in 5% yield on the 10-year T-bill, and 8% interest on the 30-year fixed rate mortgage. The 10-year Treasury yield, which goes up as prices fall, is flirting with 5% for the first time since 2007 (that’s ominous comparison No. The 30-year fixed rate mortgage is barreling toward 8% — a level not seen since the dot-com bubble popped in 2000. Because:In addition to painfully high interest rates, prices on the homes themselves have soared. “Unfortunately, the upward shift in Treasury yields this week will likely make returning to ‘normal’ an even more challenging target to hit,” Walden said.
Persons: CNN Business ’, Nicole Goodkind, Sellers don’t, Anna Bahney, Andy Walden, ” Walden, , Jerome Powell, you’ll Organizations: CNN Business, New York CNN, econ, Treasury, US Treasury, ICE Mortgage Technology, ICE Locations: New York, Econ
It is larger than typical comets and has been dubbed the "Devil Comet" for appearing to have horns. We know it's rare," a researcher told Insider. We know it's rare," Kareta told Insider. When this happens, "the comet brightens really rapidly and then sort of fades back to the brightness it had before," he said. "And in Pons-Brooks, these are really, really bright — really, really large outbursts.
Persons: Pons, Brooks, , Teddy Kareta, Kareta, it's Organizations: Service, Everest, Lowell Locations: , Flagstaff , Arizona, Pons
Political Cartoons View All 1211 ImagesThe futures for the S&P 500 and Dow industrials were up less than 0.1%. On Monday on Wall Street, the S&P 500 climbed 1.1% for its best day since the Oct. 7 surprise attack on Israel by Hamas. Financial markets have a history of weakening initially after a geopolitical shock, such as a war, only to revert to longer-term fundamentals. FactSet estimates that earnings per share at S&P 500 companies likely rose 0.4% in the last quarter from a year earlier. Shares of Lululemon jumped 10.3% in their first trading session after S&P Dow Jones Indices said the apparel company will join its widely tracked S&P 500 index.
Persons: Germany's DAX, Dow industrials, Antony, Blinken, ” Robert Carnell, Nicholas Mapa, Brent, , Mark Hackett, Johnson, Tesla, Charles Schwab, Dow Organizations: CAC, Nikkei, Hamas, Dow, Nasdaq, ING Economics, New York Mercantile Exchange, Treasury, Financial, Nationwide, Bank of America, Federal Reserve, Dow Jones, Activision Blizzard, Microsoft, U.S Locations: BANGKOK, East, Paris, Asia, Hong Kong, Shanghai, Australia, Thailand, Israel, Gaza, Lebanon, Iran
The lawsuits against the US Navy and West Point suggest that opponents of affirmative action are serious about eliminating any policy of diversity based on race. It’s not surprising that the US Armed Forces have drawn criticism from affirmative action foes. As the country heads into the presidential election year, more lawsuits invoking the Voting Rights Act are expected to follow. Many Black workers historically used auto jobs to build careers, but advancement opportunities have diminished since the early aughts. “But the decline in US auto jobs and the erosion of unions have hit Black workers hardest,” he wrote.
Persons: CNN —, , ” SFFA, It’s, Henry C, Harris , Jr, Rogers H, Beardon, Frank Frederick Doughton, Elmer B, Edward Blum, Blum, Alabama’s, , Blum —, Holder, Shelby, you’ve, CNN’s Nathaniel Meyersohn, Evelyn Hockstein, Reuters Meyersohn, , John Blake Organizations: CNN, US Naval Academy, Harvard, University of North, Fair, US Military Academy, West, US Navy, US Armed Forces, Defense Department, Black US Army, Military, Fort, US Supreme, Republican, Alabama’s GOP, UAW, United Auto Workers, Detroit’s Big, Reuters Locations: University of North Carolina, America, Fort Benning, Georgia, Alabama, Florida , Louisiana, County, Detroit, Belleville , Michigan
The percentage of Black workers in the auto industry today is more than double their share of the workforce overall. But the decline in US auto jobs and the erosion of unions have hit Black workers hardest. Black workers are likelier to belong to unions, in any industry, compared to White and Hispanic workers. Black union workers earn on average 16.4% higher wages than non-union Black workers, and they are likelier to have health care and retirement benefits, studies show. Hard-won gains disappearSoon after Black auto workers broke into better paying jobs, the US auto industry began its long decline, decimating Black communities in particular.
Persons: Lynda Jackson’s, Jackson, ” Jackson, ” Lynda Jackson, Lynda S, Emily Elconin, , Tiffanie Simmons, Simmons, Steven Pitts, Luke Sharrett, Tesla, , ” Pitts, Jim Crow, Henry Ford, Nelson Lichtenstein, “ Walter Reuther, Ford, Irving Haberman, Kevin Boyle, Boyle, Philip Randolph, Randolph, Franklin Roosevelt, Walter Reuther, , James Meredith, Martin Luther King, Jr, Roy Wilkins, Phillip Randolph, Walther Reuther, Martin Luther King Jr, Reuther, ” Boyle, Spencer Platt, Josh Bivens, Biden, Erica Smiley, ” Smiley Organizations: New, New York CNN, Chrysler, Ford, General Motors, United Auto Workers, UAW, Detroit’s, Processing, Bloomberg, Getty, Ford Motor, Economic Policy Institute, UC Berkeley Labor Center ., Tesla, Ku Klux Klan, University of California, America, Northwestern University, Jobs, Walther Reuther . Express, Hulton, Southern Christian Leadership Conference, The League, Revolutionary Black Workers, Black, Economic, Institute, P Global Market Intelligence, Justice Locations: New York, Alabama, Detroit, America, Ypsilanti , Michigan, Wayne , Michigan, Detroit , Michigan, White, Fremont , California, . Mississippi, sharecropping, Chicago , New York, Pittsburgh, Cleveland, AFP, Santa Barbara, Ford's, Rouge, Dearborn , Michigan, Washington, Birmingham, Selma, Black, Flint, Midwest, autoworkers
But interest rates are unlikely to stay this high for long, according to Fundstrat's Tom Lee. AdvertisementAdvertisementThe Federal Reserve has sowed panic among investors and that's led to the latest bout of dysfunction in the bond market, Wall Street experts say. But according to some market experts, the selloff is largely fueled by feelings of panic in the market rather than fundamentals. "Coming out of the last FOMC meeting two weeks ago, I think that's really when the bond market broke down," Michele added. AdvertisementAdvertisement"This is clearly a panic attack," market veteran Komal Sri-Kumar said to CNBC on the selloff in bonds.
Persons: Treasurys, Tom Lee, , that's, Jerome Powell, It's, Powell, Bob Michele, Michele, Komal, Kumar, it's, there's, Lee Organizations: Service, Wall, Treasury, Asset, CNBC Locations: Silicon, Spain, Germany
Footage obtained by News 12 New Jersey shows the fatal crash involving Nadine Arslanian and a pedestrian. Arslanian, who is now married to Sen. Bob Menendez of New Jersey, was not charged in the incident. AdvertisementAdvertisementNewly released footage shows the moment Sen. Bob Menendez's now-wife Nadine Arslanian fatally hit a pedestrian in her Mercedes-Benz on a New Jersey street in December 2018. JUST IN: News 12 New Jersey has obtained security video from a 2018 incident where Sen. Menendez's wife Nadine Arslanian struck and killed a pedestrian. The security footage shows a car barreling into a person who appears to be standing in the street.
Persons: Nadine Arslanian, Sen, Bob Menendez, , Bob Menendez's, Menendez's, VoyQH7weel, Arslanian, Menendez, Richard Koop Organizations: Bob Menendez of New, Service, Mercedes, Benz, New, Bogota Police Department, Prosecutors Locations: Jersey, Bob Menendez of, Bob Menendez of New Jersey, New Jersey, Bogota, Bergen County , New Jersey
A government shutdown happens when Congress doesn’t approve funding for the federal government by the time the new fiscal year starts on October 1. What it means for youBecause many federal workers are off the job during a government shutdown, many services are stopped or slowed, disturbing the day-to-day life for many Americans. What it means for government workersWhen a shutdown occurs, millions of federal employees and military service members do not get paid until it ends. During the last government shutdown in 2018-19, an estimated 420,000 federal employees worked without pay and another 380,000 were furloughed. Unlike federal workers, contractors have no guarantee of getting back pay once the government reopens.
Persons: wasn’t Organizations: CNN —, Social, Postal Service, Employees, NASA, Department of Homeland Security, Federal Aviation Administration, EY, of Labor Statistics, Federal Reserve, Small Business Administration, Securities and Exchange Commission, SEC
Reckless spending and radical policies created near-record inflation, soaring grocery bills, rising energy costs and skyrocketing interest and mortgage rates. That’s why we are barreling toward a shutdown rather than agreeing on a spending package to keep the federal government working. Worse, they seemingly live in an alternate reality where Republicans control the White House and the US Senate as well as the House of Representatives. My constituents sent me here to represent their interests, and let me tell you, no one wins in a government shutdown. Bipartisanship isn’t a sign of weakness, and it isn’t something to be derided; it’s a sign of a functional democracy.
Persons: Mike Lawler, Michael V, Bidenomics ”, Biden, Newsflash, Matt Gaetz, , Kevin McCarthy, Let’s Organizations: New, Congressional, Financial Services, House Foreign Affairs, SALT Caucus, Caucus, Scenic Trails Caucus, Moldova Caucus, CNN, Lawler, Republican Conference, Republican, GOP, White, Senate, Representatives, Biden, New York Locations: United States, Washington, New York, Florida, New, New York’s
CNN —With only three days to go before government funding expires, Congress is barreling toward a shutdown with the House and Senate at an impasse over a path forward. The White House is sounding alarms about massive disruptions to air travel as tens of thousands of air traffic controllers and Transportation Security Administration personnel work without pay. The White House has warned that a shutdown could risk “significant delays for travelers” across the country. The White House has also warned of impacts to national security, including the 1.3 million active-duty troops who would not get paid during a shutdown. The House is expected to vote on a GOP stopgap bill on Friday, though nothing has been scheduled as of yet.
Persons: Kevin McCarthy, it’s, Mitch McConnell, GOP Sen, Rand Paul of Organizations: CNN, House, Senate, GOP, Democratic, Republicans, US Border Patrol, Transportation Security Administration, TSA Locations: Ukraine, Rand Paul of Kentucky
Bitcoin miners are barreling toward the "halving" — a major market-making event that some fear will be a death knell to many in the industry. "We're taking a long-term bet on bitcoin and on the fact that bitcoin mining will survive and will bounce back even stronger." Texas has grown to dominate bitcoin mining partly because of support from local authorities and the operator of the Texas energy grid, ERCOT. Even during the bear market, Texas miners are building out, buying new sites and fresh fleets of hardware. The mining company was spun off from Chinese bitcoin mining giant Bitmain and went public via SPAC earlier this year.
Persons: Kevin Zhang, Jihan Wu, Bitmain, Kevin Zhang Crypto, He's, China — he's, Zhang, bitcoin, Barry Silbert's, Foundry's, , Chad Harris, ERCOT, Nic Carter, Shaun Connell, Brad Jones, Brandon Arvanaghi, Jason Les, Navarro, Les, hashrate, Morgan, Bitdeer Organizations: Foundry, Mining, CNBC, U.S, Riot, Cipher Mining, Georgia, Securities Exchange Commission, JPMorgan Chase Locations: Sweden, Republic of Georgia, China, America, Beijing, Shenzhen, Montana, North America, Texas, Wyoming, New York, United States, U.S, . Texas, Castle, Rockdale, Austin, Milam, Odessa , Texas, Minden , Nebraska, , Texas, New Hampshire, Pennsylvania, Nebraska, North Carolina , Kentucky , Oklahoma, Washington
U.S. House Speaker Kevin McCarthy (R-CA) addresses the 5th annual Congressional Hackathon on Capitol Hill in Washington, U.S., September 14, 2023. But hardline activism on spending, policy and impeachment have split Republicans in the House and slowed the Senate's path forward on approving bipartisan spending legislation. House Democratic leader Hakeem Jeffries warned on Sunday that the situation amounts to a Republican "civil war." Unless the House can move forward on spending, Republican leaders say privately that they could be forced to move directly into negotiations with Senate Democrats on appropriations bills, circumventing hardliners. Other House Republicans fear that McCarthy's decision to open an impeachment inquiry of Biden could make it harder to gain cooperation on spending from Democrats.
Persons: Kevin McCarthy, Evelyn Hockstein, Joe Biden, brinkmanship, Fitch, Hakeem Jeffries, Tommy Tuberville, McCarthy, Biden, who's, Chip Roy, Patrick McHenry, Ralph Norman, Ken Buck, David Morgan, Richard Cowan, Scott Malone, Sandra Maler Organizations: REUTERS, Rights, ., Republican, U.S . Congress, Democratic, Senate, AAA, California Republican, Fox News, Department of Defense, House Republicans, White, Defense Department, Department of Veterans Affairs, Caucus, Moderate, Biden, Republicans, Washington Post, Thomson Locations: Washington , U.S, California
The White House is confronted by an autoworkers’ strike that Biden himself had predicted two weeks ago wouldn’t happen. White House tries to compartmentalizeAll presidents find themselves weathering tough stretches. Biden’s White House has sought to compartmentalize its response to McCarthy’s impeachment inquiry, walling it off from the ongoing work of the administration. On one side: President Biden, who is focused on delivering for the American people. “Being the son or daughter or granddaughter of a senator, a vice president, a president … everybody thinks it’s a great thing.
Persons: Joe Biden, Biden, , Julie Su, Gene Sperling –, , Su, Sperling, Debbie Dingell, Gene Sperling, they’ve, We’ve, Shawn Fain, Kevin McCarthy, Hunter Biden, headwinds, he’s, David Weiss, Weiss, Volodymyr Zelensky, Jake Sullivan, , Sullivan, “ That’s, ” Biden, I’ve, Donald Trump, Biden’s, walling, , it’s Organizations: CNN, Labor, White House, Detroit “, United Auto Workers, Big Three, – Ford, General Motors, Democratic, CBS, United Nations General Assembly, UN, Republicans, Metropolitan Museum of Art, Broadway, Republican, New, White Locations: New York City, Detroit, Michigan, New York, California, Washington , DC, Washington, Northern Virginia
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