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The central bank's current chief, Jerome Powell, is yet to defeat his mythical beast — and Wall Street is getting worried. Powell warned on Wednesday that the Fed's fight against inflation isn't over after annualized price growth accelerated to 3.2% in February. AdvertisementRaising the alarmBank of America analysts have suggested that stubborn inflation could mean the Fed doesn't start cutting rates until March next year. It's no wonder, then, that investors are waiting impatiently for the Fed to cut rates. Fundstrat's famously bullish boss, Tom Lee, proclaimed this week that it's dropping "like a rock" and the first rate cut is still likely to be in June.
Persons: , Paul Volcker, Jerome Powell, Powell, Greenlight Capital's David Einhorn, Einhorn, Greenlight, Dad, Robert Kiyosaki, Gary Shilling, Julia La Roche, We've, Merrill Lynch's, they've, Shilling, It's, Fundstrat's, Tom Lee Organizations: Service, Federal, Business, of America, CNBC, Trust, Wall Street, Fed
3 things rattling markets this week
  + stars: | 2024-04-04 | by ( Krystal Hur | ) edition.cnn.com   time to read: +7 min
The S&P 500 tumbled the first two trading days of the new quarter and is down 0.8% for the week after paring back some of its losses on Wednesday. Some Fed officials revealed at the central bank’s policy meeting last month that they see fewer rate cuts than the three they forecast last December for 2024. Traders see a 63% expectation that the Fed cuts rates in June, a drop from more than 70% a week earlier, according to the CME FedWatch Tool. “With Middle East tensions on the rise, OPEC+ supply side measures have pushed crude oil volatility down,” BofA strategists wrote in a Wednesday report. “Adding to a complex backdrop, we now estimate that improving economic growth expectations have helped push global oil markets into a deficit.”The price of gold has also climbed this week.
Persons: New York CNN — Stocks, , , Brent Schutte, Jerome Powell, , Loretta Mester, Raphael Bostic, Brent, Michael Shvartsman, Gerald Shvartsman, Donald Trump’s, Matt Egan, “ Michael, ” Damian Williams, Bruce Garelick, ” Williams, ” Read, Joe Biden, Sean Lyngaas, China Nicholas Burns, Antony Blinken, Read Organizations: CNN Business, Bell, New York CNN —, Treasury, FactSet, Northwestern Mutual Wealth Management, Hawkish, San Francisco Fed, Stanford University, Wednesday, • Cleveland Fed, Atlanta Fed, CNBC, Traders, Organization of, Petroleum, West Texas, Brent, Bank of America, Trump Media, Trump Media & Technology Group, DWAC, Southern, of, Acquisition Corporation, , Microsoft, US, Department of Homeland Security, CNN Locations: New York, OPEC, Florida, of New York, Washington, China
Federal regulations had not previously specified a minimum crew size, but the nation’s largest freight railroads typically have two workers on each train, an engineer and a conductor. The Federal Railroad Administration proposed requiring two-person crews in 2022, arguing that doing so would improve safety. The issue received further attention after a Norfolk Southern freight train derailed last year in East Palestine, Ohio, putting the issue of railroad safety in the spotlight. A bipartisan rail safety bill introduced in Congress in response to the derailment included a requirement for two-person crews, though the legislation has stalled. The Norfolk Southern train, which investigators believe derailed because of an overheated wheel bearing, had three crew members on board: an engineer, a conductor and a conductor trainee.
Organizations: Biden, Federal Railroad Administration, Norfolk, Norfolk Southern Locations: Norfolk Southern, East Palestine , Ohio
Opinion: Trump videos send wildly different messages
  + stars: | 2024-03-31 | by ( Richard Galant | ) edition.cnn.com   time to read: +19 min
We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. In a video promoting the Bible, Trump said, “Religion and Christianity are the biggest things missing from this country. … we need to bring them back.”On Good Friday, Trump posted a very different kind of video. It showed an image of President Joe Biden lying sideways and tied up in the bed of a pickup truck. “Robert F. Kennedy Jr.’s independent presidential campaign can’t win, but it could swing the presidency to former President Donald Trump,” Begala wrote.
Persons: Matthew Arnold, Homer, King James, Donald Trump, , Lee Greenwood’s, AJ Willingham, Trump, Joe Biden, Drew Sheneman, MAGA, Biden, Fareed Zakaria, ” Zakaria, Candida Moss, he’ll, he’s, Barack Obama, Bill Clinton, Julian Zelizer, ” “, , ” Clay, , Obama, “ Obama, CNN Trump, , Attorney Alvin Bragg, “ Trump, Stormy Daniels, ” Norman Eisen, Andrew Warren, James Antle III, stoked, Letitia James, Dali, Francis Scott Key, Tasos Katopodis, Richard Timme, ” Timme, Salvatore R, Mercogliano, , Jalal Baig, Catherine, Princess of Wales, Baig, Paul Hockenos, “ It’s, Robert F, Kennedy Jr, Nicole Shanahan, Eric Risberg, Paul Begala, Ross Perot, George H, Bush, “ Robert F, can’t, ” Begala, ” Shanahan “, Sergey Brin, Hillary Clinton, Pete Buttigieg, Ro Khanna, Lee Drutman, Mark Osler, Jill Filipovic, Lisa Murkowski, Obeidallah, Johnson Ronna, Ronna McDaniel, Justin Sullivan, McDaniel, ” McDaniel, David Zurawik, Jack Ohman, Walt Handelsman, Tim Hubbard, Dennis Muilenburg —, Max, David Calhoun, , ” Hubbard, Annelle, ” Sheline, ” Don’t, Frida Ghitis, Putin, Howard Fischer, Keith O’Brien, Pete Rose, Nick Anderson, Agency Sara Stewart, Mary Ziegler, Patrick T, Brown, shouldn’t, Emma Firth, Carter ’ Parkwood, Roxanne Jones, Cowboy Carter, Beyoncé, ” Jones Organizations: CNN, Oxford University, New, Trump, Nasdaq, NYPD, Hollywood, Biden, Cupp, Obama, Manhattan, Attorney, Democratic, US Coast Guard, Baltimore, Federal Highway Administration, RFK Jr, RFK, Google, The New York Times, Republican National Committee, NBC News, , Press, NBC, MSNBC, Content Agency Boeing, Notre Dame, Boeing, US State Department, Israel, Tribune, Agency, Sony, AP Locations: Independence, New York City, America, New, Manhattan, Queens, New York, Baltimore, Coast, Suez, Port, China, Argentina, Red, Gaza, Wales, Northern California, California, Israel, Columbia
Airstrikes killed a number of soldiers near the northern Syrian city of Aleppo early Friday, Syria’s state news media and an independent organization reported, in what appeared to be one of the heaviest Israeli attacks in the country in years. The Syrian Observatory for Human Rights, a Britain-based group that tracks Syria’s civil war, said that the dead included 36 Syrian soldiers, seven Hezbollah fighters and a Syrian from the pro-Iranian militias. The group said the attack appeared to have hit multiple targets, including a weapons depot belonging to Hezbollah, a Lebanese militia that Iran supports and has a presence in Syria. The airstrikes stoked fears that have unsettled Western officials for months: that Israel’s war against Hamas in Gaza could escalate into a broader conflict against Syria, Iran and its proxies across the region, which could entangle allies of those involved, like Russia and the United States. But fears of a wider conflict have persisted as Israel and Hezbollah have clashed for months along the border, and as Israel has carried out assaults on Iran-linked targets in Syria.
Organizations: Syrian Observatory, Human Rights, Lebanese, . Army Locations: Syrian, Aleppo, Britain, Iran, Syria, Gaza, Russia, United States, Israel
That morning, local villager Zaw Zaw says he woke at his parents’ home in Myauk Khin Yan to the sound of gunfire. A Myanmar military jet flies overhead after bombing the quarters of Karenni Nationalities Defence Force (KNDF), in Kayah state, Myanmar on July 6, 2022. Following the executions, Zaw Zaw said the militia “locked down” the village and threatened to kill those who left. Multiple villagers who spoke to CNN consistently said Myauk Khin Yan has been a militia stronghold since the 2021 coup. Phoe Ei Thu, 17, lost her leg to a landmine while fleeing Myauk Khin Yan in early January.
Persons: dehumanized, Phoe Tay, Phoe, Volker Türk, , Min Aung, Aung, Suu Kyi, ” Yaw, Myauk, “ Yaw, guerre, Soldiers, “ Ninja ”, Myo Satt Hla, ” Ninja, , ” Yaw Lay, Zaw Zaw, , Myauk Khin Yan, ” Zaw Zaw, , Kaung Zaw Hein, ” Kim Jolliffe, Kim Jolliffe, Yan, Khin Yan, Yaw Lay, Stringer, NurPhoto, Jolliffe, Hla, Mai Thomas, Ei, It’s, Kim Jolliffe “, Ei Thu, Richard Horsey, Matt Lawrence, ” Horsey, Thierry Falise, ” Miemie Winn Byrd, hasn’t, Khung Aung, Lawrence, Min Aung Hlaing, Miemie Winn Byrd, Daniel K, Inouye, “ You’re, ” Byrd, Byrd, There’s, they’ve, Soe Lin Aung,  Organizations: CNN, People’s Defence Force, United Nations Human, ” CNN, Army, National League for Democracy, Yaw Defense Force, Karenni Nationalities Defence Force, Burma Affairs, Union Solidarity and Development Party, ISIS, UN, Association for Political, Getty, Information Resilience, Myanmar Witness, Human Rights, Junta, US Army, Pacific Center for Security Studies Locations: Myanmar, Phoe Tay, Thar, Aung San, Chin, Myauk Khin, Gangaw, Magway, Loikaw, Kayah, Myauk, Gangaw Township, Magway Region, Khin, Yangon, United States, United Kingdom, Shan, Thantlang, Chin State, AFP, Inouye Asia, Sagaing
The action may also spare Democrats backlash from voters who would be incensed at the potential seizure of Trump’s assets. W. James Antle III Courtesy W. James Antle IIITrump became an A-list celebrity as a symbol of extreme, almost gaudy wealth. The New York civil fraud case raises questions about how Trump acquired much of his wealth in the first place. My inbox is filled with fundraising appeals asking donors to help stop James from taking Trump Tower. If so, Trump could once again turn a legal and personal setback into a political windfall.
Persons: James Antle III, Donald Trump, James Antle, James Antle III Trump, Trump, stoked, Letitia James, Republican nominee’s, James, isn’t, , Ruth Marcus, , Cenk Uygur Organizations: Washington Examiner, CNN, White, The New, Republican, Republican Party, Democratic, New, Associated Press, GOP, Trump, Trump’s, Washington Post, Turks Locations: The New York, New York, Trump’s New York, Washington, York
The genius Roman creations that still amaze us today
  + stars: | 2024-03-23 | by ( Guy Kesteven | ) edition.cnn.com   time to read: +13 min
That’s because Roman passions for outrageous, oversized architecture went hand in hand with detailed record-keeping and relentless imperial PR. We should warn you that the lines to get in now are likely even longer than the Roman ones though. While it was forgotten for over 1,000 years, this UNESCO World Heritage site now gets over 2,500,000 visitors a year. Mahmud Turkia/AFP/Getty ImagesWhat: Spectacularly preserved Roman portWhere: Libyan coastWhoa: Seeing is still not believingThe undoubted winner of the “most incredible Roman site you’ve never heard of” award is Lepcis Magna. That’s made this dramatic structure a designated UNESCO World Heritage site and well worth a visit on any Roman road trip across Europe.
Persons: Genghis, Marco Cantile, Volcanically, Pliny, hadn’t, That’s, Pont du, Pont, it’s, Mahmud Turkia, you’ve, Magna, Septimus Severus, , Emperor Augustus, Tiberius, Domitian, Nero, Maximus, Don’t, Augustus, Vindolanda, Hadrian, Antonine, Aphrodisia, Caracalla, Caracalla aren’t, Diocletian, Guy Kesteven, Sarah, Freya Organizations: CNN, Scottish Borders, UNESCO, Heritage, Lepcis Magna, Getty, Coliseum, YouTube, Royal Holloway University Locations: Rome, Africa, Scottish, Italy, Herculaneum, Naples, Mount, Gardon, France, AFP, Libyan, Libya, Palatine Hill, Trier, Germany, Europe, England, Roman, Scotland, Anatolia, Turkey, Aphrodisia, Caracalla
The "US industrial renaissance" will be the top investment theme of the coming decade, Richard Bernstein Advisors said. The trend of American companies shifting away from dependence on foreign labor and supply chains should dominate investment strategies in the coming decades the firm said. "The market is already rewarding the beneficiaries of this capital reallocation, but we expect years, if not decades, of further performance from this critical investment theme," RBA president Richard Bernstein said in a note this week. For the US, that means big investment in infrastructure on manufacturing will be needed in the coming years as the world reorients. "The market has already recognized the re-industrialization investment theme despite investors' myopia with respect to more exciting technology-related themes, like artificial intelligence.
Persons: Richard Bernstein, Overreliance, Bernstein, Organizations: Richard Bernstein Advisors, Service, Republicans Locations: America
Pat and Marisa Lawlor were the victims of real estate wire fraud in 2022. The realizationThe real email came exactly one week after the scammers made off with Lawlor's money, he said. The methodIt turns out that the scammers hacked into the escrow office's email server through a process called business email compromise. With real estate wire fraud, they target mom-and-pop independent brokers, escrow, or title companies like the one we used. We've started a GoFundMe fundraiser to get that money back and raise awareness about real estate wire fraud.
Persons: Pat, Marisa Lawlor, They've, , Pat Lawlor, Marisa, We'd, San Fernando Valley, Lawlor, That's, it's, It's, we've, We've Organizations: Service, California Association of Realtors, Riverside, States Secret Services Locations: Los Angeles, San Fernando, Riverside County
Mortgage interest rates rose last week for the first time in three weeks. As a result, total mortgage application volume dropped 1.6% compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 6.97% from 6.84%, with points decreasing to 0.64 from 0.65 (including the origination fee) for loans with a 20% down payment. That was the weekly average, but another index from Mortgage News Daily, which looks at daily rates, had the 30-year fixed mortgage moving back over 7% last Thursday. "Mortgage rates increased last week as incoming data showed inflation was still hotter than expected, which stoked concerns about the timing and extent to which the Fed might be able to reduce the fed funds rates this year," said Joel Kan, MBA's vice president and deputy chief economist.
Persons: Joel Kan Organizations: Mortgage, Mortgage News
CEO Ali Ghodsi says Databricks' research team pushed him to acquire the months-old startup. Lilac helps users find data to train LLMs and assess the data coming out of them. This comes as Databricks looks to build out its AI offerings amid simmering rivalry with OpenAI. AdvertisementAt Databricks' recent year-end offsite in Napa, CEO Ali Ghodsi said members of the company's research team were "banging on the table" encouraging Ghodsi to acquire AI data platform Lilac AI. This story is available exclusively to Business Insider subscribers.
Persons: Ali Ghodsi, Organizations: OpenAI, Service, Google Software, Business Locations: Napa
An engine fire sparked by plastic packaging wrap, a tire lost shortly after takeoff and a plane veering off the runway: These are among the eight incidents that have occurred over the past two weeks on flights operated by United Airlines. While no injuries — or worse — have been reported, the mishaps have generated headlines and stoked rising anxiety about aviation safety among federal officials and passengers alike. All of the incidents happened in the United States, and five involved airplanes made by Boeing, a manufacturer already under intense scrutiny. In January, a door plug blew out of an Alaska Airlines Boeing 737 Max 9 jetliner in mid-flight, forcing the plane to make an emergency landing. United, one of the world’s largest airlines, flies aircraft manufactured mainly by Boeing and Airbus.
Persons: jetliner, Scott Kirby, Organizations: United Airlines, Boeing, Alaska Airlines Boeing, Max, Airbus Locations: United States
While discussing the U.S. economy and its auto industry, Mr. Trump promised to place tariffs on cars manufactured abroad if he won in November. Mr. Trump mentioned Bernie Moreno, his preferred Senate candidate in Ohio and a former car dealer from Cleveland, only sparingly. Mr. Trump was redirected from a planned trip to Arizona to appear with Mr. Moreno as a last-minute push. Mr. Trump called Mr. Biden a “stupid president” several times and at one point referred to him as a “dumb son of a — ” before trailing off. “Everything is up: Chicken’s up, bread is up and I can’t read this damn teleprompter,” Mr. Trump said.
Persons: Donald J, Trump, Biden, don’t, , , Mr, “ They’re, Bernie Moreno, Moreno, Sherrod Brown, Fani Willis, Gavin Newsom, J.B . Pritzker, Willis’s, Newsom “ Gavin, Trump’s, James Singer, Steven Cheung, Joe Biden, Maddie McGarvey, Moreno’s, Matt Dolan, Dolan, Mitt Romney, ” Mr, Dolan’s Organizations: Ohio’s Republican Senate, Republican, Dayton International, Capitol, Mr, Democrat, Gov, California, Illinois, The New York Times, Cleveland Indians, Cleveland Guardians Locations: United States, Vandalia , Ohio, Ohio, Cleveland, Arizona, Atlanta, Georgia, New York
Explosion Reported Near Ship off Yemen Coast, UKMTO Says
  + stars: | 2024-03-16 | by ( March | At P.M. | ) www.usnews.com   time to read: +1 min
CAIRO (Reuters) - The captain of a merchant ship east of Yemen's Aden has reported an explosion near the ship, the United Kingdom Maritime Trade Operations (UKMTO) agency said early on Sunday. "No damage to the vessel has been reported and the crew are reported safe. The vessel is proceeding to its next port of call," UKMTO said in an advisory note. The ship was 85 nautical miles (157 km, 98 miles) east of Aden, in an area where Houthi militant groups often target ships they say are linked to Israel or the United States. War in Israel and Gaza View All 222 ImagesThe United States and Britain have launched strikes on Houthi targets in Yemen and redesignated the militia as a terrorist group.
Persons: UKMTO, Yemen's, Hatem Maher, Tom Hogue, Edmund Klamann Organizations: United Kingdom Maritime Trade Operations, U.S Locations: CAIRO, Yemen's Aden, Aden, Israel, United States, Africa, Gaza, Britain, Yemen, Yemeni
US Military Says It Destroyed Houthi Drone Over Red Sea
  + stars: | 2024-03-16 | by ( March | At P.M. | ) www.usnews.com   time to read: +1 min
(Reuters) -The U.S. military said it destroyed a drone fired by the Yemeni Houthis on Saturday, with another presumed to have crashed into the Red Sea. CETNCOM also said it destroyed five unmanned surface vessels and one UAV in self-defence, in Houthi-controlled areas of Yemen. "It was determined these weapons presented an imminent threat to merchant vessels and U.S. Navy ships in the region," the statement read. Months of Houthi attacks in the Red Sea have disrupted global shipping, forcing firms to re-route to longer and more expensive journeys around Southern Africa, and stoked fears that the Israel-Hamas war could spread to destabilise the wider Middle East. The U.S. and Britain have carried out strikes against Houthi targets in response to the attacks on shipping.
Persons: CETNCOM, Hatem Maher, David Gregorio Organizations: Reuters, U.S, US Central Command, U.S . Navy Locations: Houthi, Yemen, U.S, Southern Africa, Israel, The U.S, Britain
Dollar advances as U.S. inflation data weighs on rates outlook
  + stars: | 2024-03-15 | by ( ) www.cnbc.com   time to read: +3 min
The dollar was firm on Friday and set to snap a three-week losing streak as hotter-than-expected U.S. inflation data stoked worries about when and by how much the Federal Reserve would start cutting interest rates this year. The dollar was firm on Friday and set to snap a three-week losing streak as hotter-than-expected U.S. inflation data stoked worries about when and by how much the Federal Reserve would start cutting interest rates this year. Data on Thursday showed the U.S. producer price index for final demand rose 0.6% in February above the 0.3% rise economists had forecast. The dollar index , which measures the U.S. currency against six rivals, was 0.058% higher at 103.44, after rising 0.55% on Thursday. In other currencies, the Australian dollar fell 0.18% to $0.657, while the New Zealand dollar fell 0.39% to $0.611.
Persons: Jerome Powell, Ryan Brandham, Carol Kong, bitcoin Organizations: Federal Reserve, Risk, Traders, Bank of, Commonwealth Bank of Australia, New Zealand Locations: U.S, North America
Video emerged on social media of the audience loudly booing a conference sizzle reel that featured several industry leaders speaking positively about AI. The sizzle reel played before several film premieres at the festival, including "The Fall Guy" and "Immaculate," Variety reported. In a statement to BI, Carter said her SXSW panel on the future of AI was "a standout event." AdvertisementThe other panelists shown in the sizzle reel did not return requests for comment before publication. The growing impact of AI is a concern felt across the film industry.
Persons: , Guy, Peter Deng, OpenAI, Sandy Carter, didn't, 46OXfiIk0r — Marcelo, Rony Abovitz, Magic, Abovitz, OpenAI's Peter Deng, Carter, Variety, Ashley Landis, Sora, Tyler Perry, Armour Organizations: Service, SXSW, Business, Sun Locations: South, Southwest
Should China Own TikTok?
  + stars: | 2024-03-13 | by ( David Leonhardt | ) www.nytimes.com   time to read: +2 min
After Hamas’s Oct. 7 terrorist attack, TikTok flooded users with videos expressing extreme positions from both sides of the Israeli-Palestinian conflict, tilted toward the Palestinian side, a Wall Street Journal analysis found. On Monday, the top U.S. intelligence official released a report saying that the Chinese government had used TikTok to promote its propaganda to Americans and to influence the 2022 midterm elections. TikTok is also owned by a company, ByteDance, that’s based in a country that is America’s biggest rival for global power: China. ByteDance executives say that they operate separately from China’s government and that they regularly remove misleading content from TikTok. The most likely scenario, experts say, is that officials aligned with the Chinese government shape TikTok’s algorithm to influence what content Americans see.
Persons: Jeanna Smialek, Jim Tankersley, , Sapna Maheshwari, China’s, Xi Jinping, Xi Organizations: Rutgers University, Rutgers, Communist Party, Soviet NBC Locations: U.S, Tibet, Hong Kong, United States, China, Soviet
Kensington Palace released the image of Middleton and her children — Prince George, Princess Charlotte, and Prince Louis — on Sunday, writing that the photo was taken by Price William. Kensington Palace previously announced that Middleton underwent a planned abdominal surgery in January. AdvertisementOne photo editor who dissected the image told Business Insider he was surprised the photo was released in the first place. "It's astonishing that Kensington Palace released it, and even more bewildering that the wires distributed it," said Patrick Witty. Kensington Palace did not immediately respond to a request for comment from Business Insider.
Persons: , Kate Middleton, Middleton, — Prince George , Princess Charlotte, Prince Louis —, Price William, Patrick, Vivek Prakash, Prakash Organizations: Service, Palace, Business, The New York Times, Geographic, Google, Reuters, Agence France, Presse, Associated Press, Getty Images Locations: Kensington
Ron Gutman, a tech entrepreneur, shared his 'stoke, stage, stack' framework to make habits last. Gutman runs 365 days a year, even when it's snowing because he's always prepared for the environment. One tech entrepreneur shared his "stoke, stage, stack" framework that turns goals into long-lasting habits. "I run every morning, no fail, 365 days a year," Gutman said adding that he runs on the beach or in the park. If I didn't have the proper running shoes, I would very quickly hurt myself.
Persons: Ron Gutman, Gutman, he's, , You'll, " Gutman, it's, James Clear's, BJ Fogg's, BJ Fogg Organizations: Service, Stanford University Locations: stoke
Apple has been making a string of advertising hires, more signs of its ambitions to grow its TV ad business. Crawford helped lead Apple's Major League Soccer ad sales pitch with Todd Teresi, who leads Apple's ads division. Cady will also likely work closely with Lauren Fry, a TV and video ad sales veteran Apple hired in February 2023 as head of video ad sales. Jacqueline Bleazey, who joined video advertising sales in October, from senior director of sponsorships and ad sales at FanDuel and ad agency roles before that, according to her LinkedIn. For advertisers, Apple TV+ is a small but highly-rated player that would let them reach an affluent viewing audience that has been off-limits to them.
Persons: Joseph Cady, Cady, Krishan Bhatia, Winston Crawford, Crawford, Todd Teresi, Lauren Fry, Jason Brum, Chandler Taylor, Jacqueline Bleazey, Ted Lasso, It's, Apple Organizations: Apple, Amazon, Google, Business, Major League Soccer, MLS, MLB, DirecTV, NBCUniversal, Cannes, Netflix Locations: Peacock
Get Ready for the Great Trump Diaspora
  + stars: | 2024-03-06 | by ( Paul Starobin | ) www.businessinsider.com   time to read: +10 min
The Atlantic devoted an entire issue to the authoritarian horrors in store for America "If Trump Wins." AdvertisementA second Trump presidency, Speer said, could serve as a "catalyst" that further fuels the growing diaspora of Americans living in exile. Since 2015, Democrats Abroad, the foreign-based arm of the DNC, has nearly tripled its membership. Since 2015, Democrats Abroad, the foreign-based arm of the Democratic National Committee, has nearly tripled its membership, which now numbers in the hundreds of thousands. My wife and I are both Trump decriers, although we didn't begin our Italy property search to find a refuge from MAGA-infused America.
Persons: specter, Donald Trump —, Trump, Gallup, George W, Bush's, Barack Obama's, Doris Speer, Speer, , Roe, Wade —, Martha McDevitt, Pugh, Emily, Francophiles, Ernest Hemingway, James Baldwin —, Nicole Kidman's, MAGA, batty, it's, John Galey, Paul Starobin Organizations: Washington Post, Trump, America, Association of Americans Resident Overseas, dodgers, DNC, Democratic National Committee, Leggett, Italy Facebook, Côte, IRS, Citizens Abroad, Los Angeles Times, New Books Network Locations: Umbria, Italy, Montana, Tuscany, Texas, Tennessee, America, Canada, Washington, Paris, United States, Iraq, Europe, Vietnam, Sedona , Arizona, Portugal, Spain, France, United Kingdom, Norway, Netherlands, Hong Kong, Bangkok, Buenos Aires, Golden, California, MAGA
Near Second Thomas Shoal, South China Sea CNN —As dawn slowly broke on the horizon, a large fleet of Chinese vessels came into view from the deck of a Philippine Coast Guard ship as it entered the contested waters of the South China Sea. Filipino soldiers on the dilapidated Sierra Madre ship, anchored near the Second Thomas Shoal in the South China Sea, on May 11, 2015. The US military also maintains a regular presence in the South China Sea, with aircraft overflights, so-called “freedom of navigation” operations, and patrols and exercises with allies and partners to assert that the South China Sea is an international waterway. The Philippine Coast Guard said it counted five China Coast Guard vessels and 18 boats belonging to Beijing’s “maritime militia." Rebecca Wright/CNNTarriela, the Coast Guard spokesperson, said a China Coast Guard vessel had come within 20 yards (60 feet) of the Cabra.
Persons: David, Goliath, , , Thomas Shoal, Rebecca Wright, Sabina, Ritchie, Jiao, , Jay Tarriela, Mao Ning, China Coast Guard “, Thomas, Ferdinand “ Bongbong ” Marcos Jr, Rodrigo Duterte, Marcos Jr, Jose Manuel Romualdez, CNN Tarriela, Tomas Etzler, Erik de Castro, month’s, ” Tarriela, , Collin Koh, ” Koh, Ray Powell, SeaLight, “ Will, ” Powell, we’ve Organizations: South China, CNN, Philippine Coast Guard, Philippine, Armed Forces, China Coast Guard, ” CNN, Philippine Navy, Coast Guard, Foreign Ministry, Sierra Madre, Center for Strategic, Studies, China Power, Ministry, Washington, Philippine News Agency . Diplomacy, Coast Guardians, Guard, Madre, Reuters, USS, China, Rajaratnam, of International Studies, National Security, Stanford University Locations: South, South China, Philippines, United States, Philippine, China, Bulilyan, Palawan, Sierra Madre, Sierra, The Philippines, Vietnam, Malaysia, Brunei, Taiwan, Madre, Hague, Beijing, China’s, Manila, Shanghai, Singapore
The dollar was steady on Friday after data showed U.S. inflation remained sticky but easing gradually, keeping alive the chance of the Federal Reserve cutting rates in June, while the yen slid back to the key 150 per dollar level. The data showed U.S. prices picked up in January in line with expectations, while annual inflation slipped to the lowest in three years. Takata's comments stoked expectations that the central bank could end negative rates in March rather than the widely held view of a move in April. The contrasting comments are likely to keep investors guessing about the next move from the central bank. The Australian dollar rose 0.08% to $0.65025, while the New Zealand dollar was little changed at $0.6088.
Persons: Raphael Bostic, Hajime Takata, Kazuo Ueda Organizations: Federal Reserve, Commonwealth Bank of Australia, Traders, Atlanta Federal Reserve Bank, Bank of Japan, New Zealand Locations: United States, U.S, Atlanta
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