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☆ Interest rate decision: What to expect from the Fed meeting
▼ + stars: | 2023-03-22 | by ( Christine Romans | ) edition.cnn.com time to read: +5 min

Among the choices, the Fed could continue its aggressive rate-hike campaign to cool inflation that is running at triple the central bank’s target of 2%. Warren — already a critic of the Fed’s inflation fight — leveled further blistering criticism of the Republican Fed chief. In addition to achieving price stability and financial stability, the Fed’s broader mandate includes supervision of individual financial institutions, Leer says, and “that’s where the failure lies. “The Fed needs to secure both price stability and financial stability, something that it has failed to so recently,” he told CNN. And this Fed chief inherited an unprecedented economy.

☆ Mohamed El-Erian says the Fed's credibility is at stake as financial accidents spread
▼ + stars: | 2023-03-15 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

The Federal Reserve failed to slow down its aggressive rate hikes in time, and now as a series of bank crises mount, the central bank's credibility is on the line, said economist Mohamed El-Erian. "One is a set of bank management issues and lapses in supervision," El-Erian said on CNBC's "Squawk Box" Wednesday. He explained that the Fed's "flip-flopping" between higher and lower interest rate hikes has contributed to the recent market instability, saying that's the third element. This news renewed the rout in U.S. bank stocks that began last week with troubles at Silicon Valley Bank and Signature Bank. It is captive to an outdated monetary framework," El-Erian said.

☆ Bank runs don’t change Fed’s focus on high prices
▼ + stars: | 2023-03-14 | by ( Ben Winck | ) www.reuters.com time to read: +3 min

The federal government took emergency action to stave off other implosions, but SVB’s collapse cast a shadow over the Fed’s next rate decision. Economists at Goldman Sachs and Barclays scrapped their forecasts for a rate hike and now expect the central bank to hold rates steady when it meets on March 22. That is three times the central bank’s inflation target. Inflation remains much too hot for the Fed’s liking, and the central bank has more reason to repeat February’s 25-basis-point hike than to deviate from it. Its last policy meeting concluded with the central bank lifting the federal funds rate by 25 basis points to a range of 4.5% to 4.75%.

☆ El-Erian says the Fed is dragging the U.S. into an unnecessary recession
▼ + stars: | 2023-03-08 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

The Federal Reserve "flip-flopping" on monetary policy is threatening to send the U.S. economy into a recession, economist Mohamed El-Erian said Wednesday. "We're going to have a recession made at the Fed," El-Erian told CNBC during a " Squawk Box " interview. "There's no reason the U.S. economy should go into recession other than a Fed policy mistake." On top of that, traders repriced their expectations for rate hikes ahead. El-Erian said much of the economic anxiety can be laid at the feet of Fed officials, who he said should have held to their more aggressive hikes rather than the 25 basis point increase approved Feb. 1.

☆ Tyre Nichols’ brutal beating by police shown on video
▼ + stars: | 2023-01-27 | by ( ) www.cnbc.com time to read: +6 min

The Nichols family legal team has likened the assault to the infamous 1991 police beating of Los Angeles motorist Rodney King. Security camera footage shows three officers surrounding Nichols as he lies in the street cornered between police cars, with a fourth officer nearby. The body camera footage shows a first-person view of one of them reaching down and tying his shoe. The footage shows a number of other officers standing around after the beating. During the traffic stop, the video shows the officers were "already ramped up, at about a 10," she said.

☆ 9 things about sharks you saw in movies that are actually wrong, according to an expert
▼ + stars: | 2023-01-12 | by ( Marianne Guenot | Margaret Guzman | ) www.businessinsider.com time to read: +10 min

Here are facts that "Jaws," "Finding Nemo," and "The Meg" got wrong — and one that's right. NOAA fisheriesIt's those scales that make the shark nose the wrong target for a sucker punch. When Dory hits her nose, her blood goes straight into the shark's nose. So "Finding Nemo" hit the nail on the head when they showed blood actually going into the shark's nose, she said. Gerard Soury/Getty ImagesSharks in "Finding Nemo" might want to fight their urges to eat fish, but it's not in their nature.

Sharon Hughes stayed awake as late as she could Monday night, forcing her eyes open. “Can you imagine how his mother felt?” Hughes told NBC News in an interview. Several plays later, with 62 seconds left in the game, Hughes fell face-down to the ground, clutching his chest. “You can’t blame football,” she said, adding, “I never did.”Little information was released about Hamlin’s medical condition after his collapse Monday night. Sharon Hughes said that she was following the news but that for now, she was focused just on one thing.

☆ Tesla's stock is headed for its worst month, quarter and year on record
▼ + stars: | 2022-12-27 | by ( Rohan Goswami | ) www.cnbc.com time to read: +3 min

Elon Musk's electric car company is days away from closing out its worst month, quarter and year on record and has moved past Meta to become the worst-performing stock in 2022 among the most valuable tech companies. For the month of December, Tesla has plunged 43%, by far its worst month ever, as it had never fallen more than 25% in a single month. And in the fourth quarter, the stock is down 58%, worse than its 38% drop in the second quarter of this year, which had been its worst period on record. Those discounts came after the automaker offered incentives in mainland China for December auto sales earlier this month. Twitter is bleeding cash, and Musk is selling Tesla stock in big chunks.

☆ Substack is having a moment, again. But can the startup live up to its massive $650 million valuation?
▼ + stars: | 2022-12-19 | by ( Samantha Stokes | Steven Perlberg | ) www.businessinsider.com time to read: +17 min

He provided a place where readers could find him "in case the bird app spirals into oblivion": his Substack newsletter. The epidemiologist Eric Feigl-Ding began promoting his Substack newsletter to his 722,000 Twitter followers in early November. They have been a welcome addition, Substack writers say. Substack has also recently rolled out mentions and cross-reporting functions, where writers can mention other Substack writers and share existing posts with their audiences. The irony, of course, is that many Substack writers rely on their Twitter audiences to promote their posts.

☆ Fauci shares lessons from pandemic, criticism of China’s zero-Covid policy ahead of his departure from government
▼ + stars: | 2022-11-28 | by ( Katherine Dillinger | ) edition.cnn.com time to read: +3 min

CNN —The Covid-19 pandemic has carried a key lesson for public health officials, Dr. Anthony Fauci said Monday: When talking to Americans, be clear that science is often a moving target. “Hopefully, we could have been more on top of appreciating the dynamic nature of how things change, thinking that it wasn’t aerosol spread in the beginning, and then you find out it is aerosol spread. Experts agree that the virus almost certainly jumped into humans from an animal market in China but that they may never know for sure. “It’s possible that there was a lab leak,” Fauci said. Fauci criticized China’s controversial zero-Covid policy, saying shutdowns “should always be a temporary phenomenon, not a long-range strategy,” and should be done with an end point in mind, such as buying time to secure PPE or provide vaccinations.

☆ Big corporate home-flippers bad bet on hot pandemic housing markets could spell relief for fatigued home shoppers
▼ + stars: | 2022-11-15 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +4 min

Big home-flipping companies like Opendoor and Redfin are struggling as the housing market cools. Opendoor is slashing prices on homes, while Redfin shut down its home-flipping business. In a move to offload some of the homes in its inventory, Opendoor has slashed prices and offered bonuses to buyers' agents. iBuyer home flipping is flopping in PhoenixWith the housing downturn intensifying, more companies could soon follow in their footsteps — that could mean steeper price cuts for fatigued homebuyers. "So, if iBuyers are moving faster in regards to doing price cuts, there's this spiral effect where they will typically lead and other people will anchor to what those price cuts are."

☆ Twitter impersonators ran amok. But has Musk really learned anything?
▼ + stars: | 2022-11-14 | by ( Kara Alaimo | Ph.D. | Is An Associate Professor At The Lawrence Herbert School Of Communication At Hofstra University | ) www.nbcnews.com time to read: +7 min

The only problem was the company wasn’t accurately verifying the people behind the accounts or ensuring that verified accounts hadn’t changed their names. Many people appeared to be creating obviously fake accounts to make fun of Musk and make a point about why Twitter Blue’s new system wouldn’t work. With Musk at the helm of the social media platform, it’s certainly possible for the subscription-based Twitter Blue to come back just as flawed. Given Musk’s flip-flopping nature so far, it’s safe to assume that the dangers that can come from verified spoof accounts on Twitter are still present. Not only have many verified accounts impersonated other people, but disinformation may be worsening.

☆ Elon Musk responds to criticism around Twitter: 'There's no way to make everyone happy, that's for sure'
▼ + stars: | 2022-11-14 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +1 min

Twitter has recently faced product flip-flopping, mass layoffs, high-profile exec departures, rampant account impersonations, a loss of advertisers, and more. While speaking virtually at the G20 summit recently, Elon Musk addressed the criticism he's consequently received. "There's no way to make everyone happy, that's for sure," he said. But there's no way to make everyone happy, that's for sure." At the summit, Musk also said he's working too much juggling Twitter, Tesla, and SpaceX.

COLUMBUS, Ohio — Republican J.D. And in interviews with NBC News after campaign events here Saturday, Vance and Ryan both spoke as if victory was within reach. And Trump endorsed Vance in a crowded GOP primary, seeming to relish the thought of elevating a high-profile convert. Vance, he joked at a September rally in Youngstown, is now “kissing my a--.”“The Trump tough guy stuff and J.D. The problems that the Republican Party needs to respond to are different.

☆ Ohio Democratic Senate candidate Tim Ryan avoids talking about Trump on the trail as he paints GOP opponent JD Vance as extreme
▼ + stars: | 2022-11-03 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +12 min

Insider spent a day following Rep. Tim Ryan across Ohio as campaigned for US Senate. He's running a tight race against GOP nominee JD Vance, despite Trump winning Ohio twice. "You are grounded, go to your room," Ryan mock-replies, before drawing his story back to the reality of his Senate campaign. Republican Senate candidate JD Vance at a GOP unity event in Canton, OH on October 27, 2022. Democratic Sen. Sherrod Brown of Ohio at a rally for Ryan in Cleveland, OH on October 27, 2022.

☆ Embattled British PM Truss loses 2nd minister in a week amid political and economic turmoil
▼ + stars: | 2022-10-19 | by ( Associated Press | ) www.nbcnews.com time to read: +5 min

British Prime Minister Liz Truss described herself as “a fighter and not a quitter” Wednesday as she faced down a hostile opposition and fury from her own Conservative Party over her botched economic plan. And within hours of Truss’ appearance in Parliament for a regular session titled Prime Minister’s Questions, she lost a senior member of her government. Truss faced another test in Parliament later Wednesday when lawmakers vote on a Labour Party motion seeking to ban fracking for shale gas — a policy that Truss recently approved. Conservative Party whips said the vote would be treated as “a confidence motion in the government,” meaning the government would fall if the motion passed, triggering an election. Some Conservative legislators believe Truss could be forced to resign if the party agrees on a successor.

☆ India's INOX Leisure loss halves as box office income picks up
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Oct 19 (Reuters) - INOX Leisure Ltd (INOL.NS), India's No.2 multiplex cinema operator, on Wednesday said its second-quarter loss more than halved, as box office and food and beverage revenues inched closer to pre-pandemic levels. This has helped offset some pressure from a lacklustre slate of releases with the likes of "Raksha Bandhan" and "Laal Singh Chaddha" flopping at the box office. Still, net box office revenue of 2.09 billion was far higher than 270 million rupees in the pandemic-hit quarter a year ago, while food & beverage revenue jumped to 1.10 billion rupees from 150 million rupees. Box office revenue was 3.11 billion rupees in the corresponding pre-pandemic quarter, while food and beverage revenue was 1.41 billion rupees. The jump in box office and food sales helped overall revenue from operations surge eight-fold to 3.74 billion rupees and offset a 155.1% jump in total expenses.

☆ U.K. Treasury chief scraps nearly all government tax cut plans
▼ + stars: | 2022-10-17 | by ( Associated Press | ) www.nbcnews.com time to read: +4 min

U.K. Treasury chief Jeremy Hunt on Monday reversed most of an economic package announced by the government just weeks ago, including a planned cut to income tax. In a bid to soothe turbulent financial markets, Hunt said he was scrapping “almost all” the tax cuts announced last month and signaled public spending cuts are on the way. The unfunded tax cuts fueled investor concern about unsustainable levels of government borrowing, which pushed up government borrowing costs, raised home mortgage costs and sent the pound plummeting to an all-time low against the dollar. Hunt was under pressure to act before financial markets opened on Monday because the central bank’s support for the bond market ended Friday. The U.K. currency is now trading for roughly the same price it was on Sept. 22, the day before Kwarteng announced the tax cuts.

☆ A dolphin's GoPro video shows it eating 8 venomous sea snakes, and scientists aren't sure why
▼ + stars: | 2022-08-20 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +4 min

A Navy-trained bottlenose dolphin devoured eight venomous sea snakes one day, GoPro videos show. Dolphins have never been documented eating sea snakes, only playing with them. The attacks puzzled scientists, since consuming venomous snakes can be dangerous. Prior to this study, which was published in the journal PLOS ONE in August 2022, there was no documentation of dolphins eating sea snakes — only playing with them and releasing them. They searched for other fish that might look like a sea snake on camera, but they found no other explanation.

☆ See Europe's less-crowded destinations as Americans flood the hot spots
▼ + stars: | 2022-08-18 | by ( Terry Ward | ) edition.cnn.com time to read: +15 min

North Jutland, DenmarkSouthern Europe swells with crowds during summer, and it can also get hot to the point of extremely uncomfortable in July and August. Temperatures in Seville and other spots in southern Spain recently exceeded the 110˚ Fahrenheit mark (43.3 Celsius). MontenegroLeave Croatia’s jam-packed Dubrovnik to the hordes of “Game of Thrones” hangers-on and make for less-trampled spots in neighboring Montenegro instead. It’s just 40 minutes from the popular beaches of Taormina, which are flooded with “White Lotus” fans this summer. There are beaches all around the peninsula, but if you only hit two, Mylopotamos and Fakistra on the Aegean side are the can’t-miss spots.

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☆ The Easiest Ways to Declutter Your Home Office
▼ + stars: | 2022-06-03 | by ( ) www.wsj.com time to read: +7 min

Kick the Clutter Habit and Completely Organize Your Life for Good.” Beyond that, clutter can drag you down emotionally. According to New York City-based organizer Lisa Zaslow, founder of Gotham Organizers, is what we buy for our home office. That’s the only place where pens go—and only good pens at that. This acrylic add-on, which can sit on the desk surface and hold standard-size paper and smaller office items, is a favorite of Rosenthal’s. It’s like a little mobile office and when you don’t want it in the room, you can just roll it away.”

His comments have given fuel to the growing interest in a one-state solution in the Israeli-Palestinian conflict, as negotiations to create a sovereign Palestinian state have achieved little in recent years. But such a process insists on a sovereign Palestinian state. 01:18 - Source: CNNThe idea of the two-state solution sounds simple enough – an Israeli state next to a Palestinian state, existing side by side in peace. OPINION: What Trump’s meeting with Abbas meansWhat would a one-state solution look like? It is land that Palestinians, along with the international community, view as territory for a future Palestinian state.

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