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Qiao Ling speaks up to correct him. Instead of apologizing, Thomas laughs it off and asks Qiao Ling if she has a nickname because her real name is "too hard to remember." Many people think of allyship as a two-way relationship between the ally ("I saw it") and the affected person ("It happened to me"). Step 2: Help the affected person as they want to be helped. Rather than treating the affected person as you would wish to be treated, help them as they would wish to be helped.

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☆ There's 'still a lot to do' on a debt ceiling agreement with economic catastrophe as soon as 2 weeks away , Kevin McCarthy says — but 'it is possible to get a deal by the end of the week'
▼ + stars: | 2023-05-16 | by ( Ayelet Sheffey | Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

Kevin McCarthy said they are still far apart on a deal, but he thinks an agreement could be reached this week. The US could default on its debt as soon as early June. "Lot of work to do in a short amount of time," McCarthy told reporters following the meeting. Schumer told reporters following the meeting that it was a "good and productive meeting. It's unclear where negotiations will go from here — McCarthy told reporters on Tuesday that he wants to continue discussions with the White House as soon as possible.

☆ Insurance tech company says it prefers palladium to platinum
▼ + stars: | 2023-05-16 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInsurance tech company says it prefers palladium to platinumJonathan Barratt of CelsiusPro explains why palladium offers "better value."

☆ Gold dips as markets assess Fed rate hike remarks, debt talks in focus
▼ + stars: | 2023-05-16 | by ( ) www.cnbc.com time to read: +1 min

Spot gold fell 0.2% to $2,016.72 per ounce by 0237 GMT, while U.S. gold futures were down 0.1% to $2,020.20. Gold hit $2,072.19 earlier this month, just shy of a record high of $2,072.49, after the Federal Reserve hinted that its marathon hiking cycle may be ending. However, U.S. central bankers on Monday signaled they see interest rates staying high and, if anything, going higher, given inflation that may be slow to improve and an economy showing only tentative signs of weakness. While gold is considered a hedge against inflation, rising interest rates dull the non-yielding bullion's appeal. Elsewhere, spot silver fell 0.3% to $24.04 per ounce, platinum dipped 0.1% to $1,063.66, while palladium was little changed at $1,531.60.

WASHINGTON, May 15 (Reuters) - The U.S. Deputy Treasury Secretary on Monday dismissed the idea of minting a platinum coin as a way to avoid a U.S. default, saying the only workable solution was for Congress to raise the federal debt ceiling. Asked in a National Public Radio interview about the possibility of minting a $1 trillion platinum coin to circumvent the debt ceiling, Adeyemo said "creative, inventive" ideas have been floated in the past but are not workable. U.S. Treasury Secretary Janet Yellen also has rejected the idea of a platinum coin to skirt the debt ceiling and fund government expenses. The debt ceiling standoff was already having an impact on the U.S. economy, Adeyemo said, hurting the University of Michigan's consumer sentiment surveys "because the American people are starting to worry about whether the government is going to pay the bills." He repeated a Moody's Analytics estimate that a default would cost the U.S. around 8 million jobs and lead to recession.

☆ If your home needs a renovation or repair, there are many ways to fund the project. Here’s how to get started.
▼ + stars: | 2023-05-15 | by ( Sponsor Post | Created Insider Studios With Navy Federal Credit Union | ) www.businessinsider.com time to read: +5 min

Funding options are available for financing a home project, such as equity loans, credit cards, and refinancing your mortgage. Plenty of funding options are available that can make all the difference in bringing any home renovation or repair to life, from a kitchen remodel to a roof replacement or water damage repair. Navy Federal Credit Union, for example, offers various options for its members depending on the scale of their home project. Discover more about these funding options by visiting Navy Federal Credit Union's Home Project Financing Center here. This sponsored post was created by Insider Studios with Navy Federal Credit Union.

☆ Platinum demand predicted to surge this year, leaving a near 1-million-ounce deficit
▼ + stars: | 2023-05-15 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +1 min

The price of platinum has soared as high demand meets low supply. A previously anticipated platinum shortage will be worse than expected this year thanks to increased demand, particularly from the industrial sector, according to the World Platinum Investment Council. Global demand for platinum will see a 28% uptick this year compared to 2022, while supply will decrease 1% year-on-year, the organization said Monday. Industrial demand, particularly in chemical and glass production in China, is looking to be the strongest on record, the report estimates. Strong demand also continues in the auto sector as platinum becomes an increasingly common replacement for pricy palladium in catalytic converters, it said.

☆ A US debt default could spike borrowing costs like credit cards and mortgages, and 'every family should be concerned' says a consumer watchdog
▼ + stars: | 2023-05-15 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

A US debt default could spike borrowing costs and should concern everyone, a consumer watchdog says. Democrats and Republicans have remained locked in an impasse over raising the $31.4 trillion debt ceiling. Every family should be concerned," Chopra told CNN. The debt ceiling impasse has even elicited some Hail Mary pass solutions. "The closer you get to it, you will have panic," Dimon told Bloomberg.

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☆ Gold ticks higher as economic risks persist
▼ + stars: | 2023-05-15 | by ( ) www.cnbc.com time to read: +1 min

Gold prices edged higher on Monday as the U.S. debt ceiling stalemate and concerns of an economic slowdown steered some traders towards the safe-haven metal. Spot gold was up 0.2% at $2,014.44 per ounce by 0432 GMT, after falling for three sessions. Bullion tends to gain during times of economic or financial uncertainty, but higher interest rates dim non-yielding gold's appeal. Markets are pricing in an 83.4% chance of the U.S. central bank holding rates at the current level in June, according to the CME FedWatch tool. But taking some shine off gold, rival safe-haven dollar rose to a five-week high against major peers and made bullion less affordable for buyers holding other currencies.

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Revisit some of the predominant trends in music that came to define a mercurial decade, from pop-rap and boy bands to aesthetic sadness and protest anthems. Rap goes the viral pop routeAt the beginning of the 2010s, rap stars had trouble scoring their own No. Dark and dreary pop blows upLana Del Rey helped to usher in a new era of downbeat and dark pop. Karl Walter/Getty ImagesBoth the Weeknd and Del Rey have pivoted since their debuts, with their images becoming more complicated than their indie origins belie. Del Rey, meanwhile, has only burrowed deeper into her niche, crafting intensely personal records that have matured with her listeners.

☆ Gold falls for the week on stronger dollar
▼ + stars: | 2023-05-12 | by ( ) www.cnbc.com time to read: +2 min

Gold prices fell to a one-week low on Friday, and was lower for the week, weighed down by a stronger dollar and an uptick in U.S. bond yields. Spot gold was last 0.24% lower at $2,010.84 per ounce, after falling as much as 0.7% earlier in the session. U.S. gold futures fell 0.2% to $2,016.40. Spot silver fell 1.02% to $23.9257 per ounce, down about 7% for its worst week in seven months. Fawad Razaqzada, market analyst at City Index, attributed the drop to the dollar rebound and concerns over China's economic recovery.

☆ Democratic lawmakers are skeptical about using a $1 trillion coin or the 14th amendment to get around the debt ceiling
▼ + stars: | 2023-05-11 | by ( Ayelet Sheffey | Eliza Relman | ) www.businessinsider.com time to read: +6 min

Minting a $1 trillion platinum coin or using the 14th amendment could solve the crisis while sidestepping Congress. The 14th amendment, on the other hand, contains a clause that could declare the debt ceiling unconstitutional and get rid of it forever. 'That's beyond my paygrade and my mental capacity'Insider asked some Democratic senators what they thought of minting a coin or using the 14th amendment to get around the debt ceiling crisis. Sen. Ron Wyden, top lawmaker on the Senate Finance Committee, said that when it comes to the 14th amendment, "I'm not there yet. Yellen also said at a new conference in Japan on Wednesday that "it's legally questionable whether or not that's a viable strategy," referring to the 14th amendment.

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☆ Gold holds steady ahead of U.S. inflation print
▼ + stars: | 2023-05-10 | by ( ) www.cnbc.com time to read: +2 min

Gold bars are displayed at a bullion merchant's, Baird & Co., in London, U.K., on Friday, March 14, 2008. Gold prices were flat on Wednesday, as traders positioned themselves for key U.S inflation data due later in the day, which could impact the Federal Reserve's policy stance. Although gold is considered a hedge against inflation, rising interest rates dull non-yielding bullion's appeal. "The outlook of a weak U.S. currency and yields reignite the safe haven status of gold. Spot silver fell 0.1% at $25.58 per ounce, platinum edged 0.1% higher to $1,105.82, and palladium gained 0.1% at $1,571.23.

☆ Biden leaves the door open to solving the debt ceiling crisis without Congress — and it could get rid of the debate forever
▼ + stars: | 2023-05-10 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

Biden left the door open to using the 14th amendment to solve the debt ceiling crisis on Tuesday. A clause in the amendment would declare the debt ceiling unconstitutional and get rid of the issue forever. Going into the meeting, both sides were firm in their debt ceiling positions, and they all emerged unchanged. Many legal experts have argued that this clause makes a default — and thus the debt ceiling law leading to that default — unconstitutional. Yellen, for example, dismissed using the 14th amendment on ABC News on Sunday, saying that "I don't want to consider emergency options."

Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). Amex Platinum Saks credits expire, but there's a workaroundDuring a recent online crusade to find a practical use for my Amex Platinum Saks credits, I settled on linen napkins. That's because I can save it for when my Amex Platinum Saks credit replenishes and receive $100 off my purchase by using my gift card and biannual credit in tandem. Saks Fifth AvenueWhat to know about Amex Platinum Saks credit returnsTo be clear, Amex didn't intend for you to hoard your Saks credits. More Information Earn 80,000 Membership Rewards® Points after you spend $6,000 on purchases on the Card in your first 6 months of Card Membership.

Spot gold was unchanged at $2,032.86 per ounce, as of 0201 GMT. Although gold is considered a hedge against inflation, rising interest rates dull non-yielding bullion's appeal. "The outlook of a weak U.S. currency and yields reignite the safe haven status of gold. Worries over the global economy and demand-supply outlook may also support the commodity in the near future," Hareesh added. Spot silver fell 0.1% at $25.58 per ounce, platinum edged 0.1% higher to $1,105.82, and palladium gained 0.1% at $1,571.23.

☆ Fact Check-Image of London Mayor Sadiq Khan with burqa-clad person is altered
▼ + stars: | 2023-05-09 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

An altered image showing the Mayor of London Sadiq Khan with a person wearing a black burqa has been shared with the false claim that it shows Khan arriving with a woman at the coronation of Britain’s King Charles III on May 6. The original photograph taken in June 2022 shows Khan with his wife wearing modern clothing. The original photograph shows Khan with his wife Saadiya Khan, who can be seen wearing a pant suit, not a burqa (here). Pool photographs (bit.ly/3pmyCBL) and video (here) show Sadiq Khan arriving alone at Westminster Abbey for the coronation on May 6. Image does not show London Mayor Sadiq Khan arrive with a burqa-clad person for King Charles’ coronation.

☆ Gold holds ground as investors brace for U.S. inflation data
▼ + stars: | 2023-05-09 | by ( ) www.cnbc.com time to read: +2 min

A five hundred gram gold bar, left, and a a one kilogram gold bar, produced by Swiss manufacturer Argor Hebaeus SA, in Budapest, Hungary. Gold prices flitted in a narrow range on Tuesday ahead of U.S. inflation data, which investors will scrutinize for clues on the Federal Reserve's policy path. If the inflation report comes hot and fans worries of another Fed rate hike in June, gold prices could eventually drop to $1,950-$1,920 level, said Ajay Kedia, director at Kedia Commodities in Mumbai. Besides economic data, market participants are also monitoring developments surrounding the U.S. banking sector and debt ceiling. "If there is news of further stress in the banking sector, we will see gold move towards the $2,100 level," Kedia added.

☆ The Coin, the Constitution, Premium Bonds: The Debt Limit Workarounds
▼ + stars: | 2023-05-09 | by ( Jeanna Smialek | ) www.nytimes.com time to read: +1 min

Move over, trillion-dollar coin, there is a new debt limit workaround in town — and this one sounds more sophisticated, which some of its proponents have suggested could make it more likely to work. For years, debt limit skeptics have argued that the United States can get around the cap on how much it can borrow by minting a large-denomination coin, depositing it in the government’s account at the Federal Reserve. The maneuver would exploit a quirk in U.S. law, which gives the Treasury secretary wide discretion when it comes to minting platinum coins. The government typically funds itself by issuing debt in the form of financial securities called bonds and bills. Typically, those coupon rates are set near market interest rates.

The US could breach the debt ceiling and run out of money to pay its debts as soon as June 1. A White House official previously told Insider that Biden would stress that Congress "must take action to avoid default without conditions." Additionally, Wall Street's response to the debt-ceiling crisis is different this time around. Even so, he added, this debt-ceiling crisis "seems much more dangerous" than the ones from the Obama years. Biden has options to avoid a debt-ceiling crisis that don't involve CongressTuesday's meeting between Biden and congressional leadership aims to break through the logjam.

☆ Debt Ceiling Solution: McCarthy Vows to Reject a Short-Term Agreement
▼ + stars: | 2023-05-09 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Kevin McCarthy is meeting with Biden on Tuesday to discuss a debt ceiling solution. Ahead of the meeting, McCarthy told NBC he will not accept a short-term debt ceiling increase. The US could default on its debt as early as June 1, and Congress has yet to agree on a solution. Biden vowed to veto that legislation and has remained adamant that raising the debt ceiling should be a bipartisan and clean increase, without any spending cuts attached, and he has left the door open for budget negotiations — separate from a debt ceiling deal. But McCarthy told NBC News on Tuesday that he is unwilling to accept even a short-term debt ceiling increase ahead of budget negotiations.

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