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☆ US near-miss with government shutdown illustrates Washington dysfunction
▼ + stars: | 2023-10-01 | by ( David Morgan | ) www.reuters.com time to read: +6 min

WASHINGTON (Reuters) - The U.S. narrowly dodged its fourth partial government shutdown in a decade on Sunday, but the past week exposed the depths of political dysfunction in Washington and particularly within the splintered House Republican caucus. “The dysfunction caucus at work,” Republican Representative Don Bacon told reporters earlier this month, after hardliners blocked consideration of a defense appropriations bill that finally passed on Thursday. He’s a charlatan,” Representative Mike Lawler, a centrist Republican from New York, said of Gaetz after the failed Republican stopgap vote. There are a lot of personalities at play here, and multiple strategic objectives,” Republican Representative Kat Cammack told reporters. “There’s this sort of strange woulda-coulda-shoulda -- appropriations should have just moved faster,” said Republican Representative Dan Crenshaw.

Persons: Ken Cedeno, Kevin McCarthy, Donald Trump, ”, Sarah Binder, McCarthy, Trump, Joe Biden, Biden, Trump’s, Moody’s, Earl Blumenauer, ’, Don Bacon, Monica De La, Matt Gaetz, “ He’s, He’s, Mike Lawler, Gaetz, “, Kat Cammack, Chuck Schumer, Rosa DeLauro, Dan Crenshaw Organizations: WASHINGTON, U.S, Republican, Capitol, REUTERS, Brookings Institution, Democratic, Senate, Aaa, ” Democratic, Republicans, Biden, Republican Party, Reuters, Trump Locations: Washington, Washington , U.S, House, United States, Monica De La Cruz of Texas, New York

☆ Shutdown near-miss illustrates Washington dysfunction
▼ + stars: | 2023-10-01 | by ( David Morgan | ) www.reuters.com time to read: +6 min

REUTERS/Ken Cedeno Acquire Licensing RightsWASHINGTON, Oct 1 (Reuters) - The U.S. narrowly dodged its fourth partial government shutdown in a decade on Sunday, but the past week exposed the depths of political dysfunction in Washington and particularly within the splintered House Republican caucus. "The dysfunction caucus at work," Republican Representative Don Bacon told reporters earlier this month, after hardliners blocked consideration of a defense appropriations bill that finally passed on Thursday. He's a charlatan," Representative Mike Lawler, a centrist Republican from New York, said of Gaetz after the failed Republican stopgap vote. There are a lot of personalities at play here, and multiple strategic objectives," Republican Representative Kat Cammack told reporters. "There's this sort of strange woulda-coulda-shoulda -- appropriations should have just moved faster," said Republican Representative Dan Crenshaw.

Persons: Ken Cedeno, Kevin McCarthy, Donald Trump, Sarah Binder, McCarthy, Trump, Joe Biden, Biden, Trump's, Moody's, Earl Blumenauer, Don Bacon, Monica De La, Matt Gaetz, He's, Mike Lawler, Gaetz, Kat Cammack, Chuck Schumer, Rosa DeLauro, Dan Crenshaw, David Morgan, Jason Lange, Moria, Carolina Mandl, Scott Malone, Daniel Wallis Organizations: U.S, Capitol, REUTERS, Rights, Republican, Brookings Institution, Democratic, Senate, Aaa, House Republicans, Biden, Republican Party, Reuters, Trump, Republicans, Thomson Locations: Washington , U.S, Washington, House, United States, Monica De La Cruz of Texas, New York, Moria Warburton

☆ Biden ESG rule survives challenge in court. 'Tonal shift’ may be biggest victory, lawyer says
▼ + stars: | 2023-09-27 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

The Biden administration rule — which took effect Jan. 30 — was one facet of a White House effort to address climate change. Biden's ESG rule replaced a regulation issued by the Trump administration. That's because ERISA, a federal retirement law, disallows employers from picking investments for ideological reasons. The Biden administration was concerned that the spin around the Trump rule might have chilled plans' willingness to consider ESG factors. "The Biden administration was concerned that the spin around the Trump rule might have chilled plans' willingness to consider ESG factors in evaluating plan investments," Iwry said.

Persons: Joe Biden, Marty Walsh, Anna Moneymaker, —, Biden, Biden's, Trump, PSCA, Andrew Oringer, Oringer, DOL, gunning, Mark Iwry, Obama, Matthew Kacsmaryk, Mark Iwry nonresident, Iwry, Mischa Keijser Organizations: Labor, White, Getty, of America, U.S . Department of Labor, Northern District of Texas, Wagner Law, Department of Labor, Biden, Trump, Brookings Institution, U.S . Department of, Treasury, Brookings, Labor Department Locations: Rose, Northern District, Texas

☆ Analysis-South Korea's Yoon Rails Against Domestic Critics as ‘Communists’
▼ + stars: | 2023-09-22 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +4 min

"He has decided to take an approach not of trying to convince people but to label the opposition as being somehow an anti-state, communist totalitarian force." In a speech earlier this month, Yoon said South Korea's freedom is "under constant threat" from "communist totalitarian and anti-state forces" who are critical of South Korea's deepening ties with the U.S. and Japan. "The president keeps emphasizing the threat from communist forces which don't exist," a spokesperson for the Democratic Party said at a briefing last week. The presidential office declined to comment on Yoon's description of critics of his policies as "communists". Given his low approval ratings, analysts say labelling his opponents as communists may still be useful for Yoon to hold onto his party's conservative base.

Persons: Hyunsu Yim, Yoon Suk, Yoon's, Yoon, Kevin Gray, Gray, Andrew Yeo, Yeo, Benjamin Engel, Engel, Rhee Jong, " Rhee, Rhee, Lincoln Organizations: U.S, University of Sussex, Liberation, Democratic Party, Gallup, Brookings Institution, Korean Confederation of Trade Unions, National Security, Seoul National University Locations: Hyunsu Yim SEOUL, South Korea, North Korea, Japan, Tokyo, Seoul

☆ Analysis: South Korea's Yoon rails against domestic critics as ‘communists’
▼ + stars: | 2023-09-22 | by ( Hyunsu Yim | ) www.reuters.com time to read: +5 min

[1/2] South Korean President Yoon Suk-yeol attends the ASEAN-South Korea Summit at the Association of the Southeast Asian Nations (ASEAN) Summit in Jakarta, Indonesia, September 6, 2023. In South Korea, the label of communist carries higher stakes than in many Western democracies with the ongoing threat from ostensibly communist North Korea and Cold War-era laws that effectively ban activities deemed related to communism. “There is a legitimacy problem for Yoon in the sense that the gap between popular opinion in South Korea and what is being pursued internationally is increasing," Gray said. In a speech earlier this month, Yoon said South Korea's freedom is "under constant threat" from "communist totalitarian and anti-state forces" who are critical of South Korea's deepening ties with the U.S. and Japan. "The president keeps emphasizing the threat from communist forces which don't exist," a spokesperson for the Democratic Party said at a briefing last week.

Persons: Yoon Suk, yeol, Tatan, Yoon's, Yoon, Kevin Gray, Gray, Andrew Yeo, Yeo, Benjamin Engel, Engel, Rhee Jong, " Rhee, Rhee, Hyunsu Yim, Josh Smith, Lincoln Organizations: South, ASEAN, South Korea Summit, Association of, Southeast Asian Nations, Rights, U.S, University of Sussex, Liberation, Democratic Party, Gallup, Brookings Institution, Korean Confederation of Trade Unions, National Security, Seoul National University, Thomson Locations: South Korean, Jakarta, Indonesia, Rights SEOUL, South Korea, North Korea, Japan, Tokyo, Seoul

NEW YORK (AP) — Inside the U.N.'s gates, world leaders use the spotlight to talk — to each other and the entire planet. Nonprofit organizations send their senior leaders to the sidelines of the U.N. General Assembly at significant expense to make sure their voices are heard in the right rooms. It was one of some 40 events the Ford Foundation hosted connected to General Assembly week, flexing its power to convene. The sidelines of the General Assembly first began drawing major crowds in 2014, when a U.N. The framework, he said, helps groups “to focus on a pretty specific action that might feel small given the SDGs but still has impact.

Persons: ”, Elizabeth Cousens, ‘, ’ ”, Monica Aleman, She’ll, James Baldwin, Protesters, Keya Chatterjee, Chatterjee, Joe Biden, Antonio Guterres, Melinda Gates, Mark Suzman, ” Suzman, Atul Tandon, Zia Khan Organizations: Nonprofit, General, UN Foundation, Sustainable, Ford Foundation, Assembly, Climate Summit, Melinda Gates Foundation, Gates Foundation, Opportunity International, The Rockefeller Foundation, Brookings Institution, Lilly Endowment Inc, AP Locations: New York City, U.S, Manhattan, Washington, United States, China, India, Russia, United Kingdom, France, South Africa

U.S. Vice President Kamala Harris attends the 11th ASEAN-U.S. YASUYOSHI CHIBA/Pool via REUTERS/File photo Acquire Licensing RightsSept 21 (Reuters) - The Biden administration on Thursday announced plans to remove medical bills from Americans' credit reports in a push to end what it called coercive debt collection tactics that affect millions of consumers. Harris told reporters that more than 100 million Americans had unpaid medical debt. For instance, 27% of Black households hold medical debt compared with 16.8% of non-Black households. According to the CFPB, the Fair Credit Reporting Act restricts the use of medical information in credit decisions and credit reports.

Persons: Kamala Harris, YASUYOSHI, Biden, Rohit Chopra, Harris, CFPB, Andrea Shalal, Douglas Gillison, Leslie Adler, Marguerita Choy Organizations: ASEAN, U.S, Summit, ASEAN Summit, Consumer Financial Protection Bureau, Brookings Institution, Thomson Locations: Jakarta, Indonesia

☆ States announce major push to get to 20 million installed heat pumps, a cleaner alternative to gas furnaces that also provide AC
▼ + stars: | 2023-09-21 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +5 min

A coalition of 25 state governors announced a major push to reach 20 million deployed heat pumps by 2030, they said in New York City on Thursday. Heat pumps are energy efficient replacements for fossil fuel powered furnaces and air conditioners. Heat pumps can also save consumers money -- around $300 a year in the United States, according to the IEA. In places like Europe, where gas prices are higher, having a heat pump can save customers around $900 a year, the IEA says. Maine, for example, has been remarkably successful in installing heat pumps with its own legislative action.

Persons: Matt Johnson, Jay Inslee, Inslee, Kathy Hochul, Ali Zaidi, Zaidi Organizations: Energy, RMI, International Energy Agency, IEA, U.S . Climate Alliance, Washington, Washington State Department of Health, Brookings Institution, New, Infrastructure Investment, Jobs Locations: New England, Windham , Maine, New York City, United States, Europe, U.S, Washington , New York, California, Seattle , Washington, Seattle, Georgia, it's Maine, Maine

☆ Male loneliness epidemic: How fathers face a friendship deficit
▼ + stars: | 2023-09-18 | by ( Shannon Carpenter | ) edition.cnn.com time to read: +8 min

When it comes to male loneliness, social isolation hits dads particularly hard, author Shannon Carpenter writes. I’ve also experienced what has been called the male loneliness epidemic, and many dads tell me it has reached into fatherhood. The biggest question I get asked by fathers is how to find connection and friendship. How we think about fathers and fatherhoodToo often, fathers are portrayed as unnecessary idiots that complicate parenting rather than adding to the family. “We have to change the story of fatherhood,” Reeves said.

Persons: Shannon Carpenter, won’t, I’ve, “, Richard Reeves, that’s, ”, Reeves, ” Reeves, It’s, Men’s, Dad ” Organizations: CNN, Survey Center, Brookings Institution, National, Home Dad Network Locations: United States, Washington ,

To boost his profile, Zuberi also donated to, or hired, several Washington advocacy groups, lobbying shops and public relations firms. Those officials included Olson, former NATO supreme commander Gen. Wesley Clark and former acting director of U.S. Immigration and Customs Enforcement John Sandweg. The trio lobbied U.S. officials after returning from their Doha meeting with Qatari officials, the FBI said. He added that one of his greatest regrets was recruiting Allen into the effort because of the subsequent negative publicity. Allen has denied any wrongdoing but stepped down as president of the Brookings Institution, a prestigious Washington think tank, amid the FBI investigation.

Persons: —, Richard G, Olson, Obama, Imaad Zuberi, Judge G, Michael Harvey, Harvey, Prosecutors, Evan Turgeon, Turgeon, Zuberi, Harvey's, “, Joe Biden, Zubari, Wesley Clark, John Sandweg, John Allen, Allen, strategize, ___ Mustian Organizations: WASHINGTON, U.S, State, Prosecutors, FBI, Justice Department's, Press, NATO, . Immigration, Allen, Brookings Institution Locations: Persian, Afghanistan, Pakistan, Qatar, Zuberi, Washington, Doha, U.S, New York

☆ From ‘Data Dumping’ to ‘Webbing’: How Robert F. Kennedy Jr. Sells Misleading Ideas
▼ + stars: | 2023-09-12 | by ( Stuart A. Thompson | More About Stuart A. Thompson | ) www.nytimes.com time to read: +1 min

When Robert F. Kennedy Jr., the anti-vaccine activist running a long-shot campaign for president, tried to warn about vaccine risks during a podcast interview in the early days of the pandemic, he used a rhetorical device known as data dumping that is commonly used by conspiracy theorists. In a dizzying three-minute monologue, he offered a litany of acronyms, numbers and obscure methodologies to falsely conclude that vaccine injuries were remarkably common. Mr. Kennedy often communicates with such flourishes, giving his misleading claims an air of authority, according to experts who study disinformation and language. That has helped him share his misleading views on vaccines, 5G cellular technology and global farming. Although his campaign has been fading in recent weeks, and he doesn’t appear to pose a threat to President Biden, the findings show how a high-profile figure can spread false and misleading ideas at a large scale.

Persons: Robert F, Kennedy Jr, Kennedy, Biden Organizations: New York Times, Brookings Institution Locations: Washington

☆ U.S. debt is nearly $33 trillion. But some economists say not all debt is bad.
▼ + stars: | 2023-09-10 | by ( Charlotte Morabito | In Charlottemorabito | ) www.cnbc.com time to read: +3 min

The U.S. national debt is sitting at nearly $33 trillion dollars. "The public debt has always been used for emergencies. The national debt increased by more than 89% since the beginning of the pandemic, with many top economists in agreement that 2020 was not the time to worry about the debt. Servicing the debt can become difficult when interest rates are higher. The Federal Reserve has been increasing interest rates since March 2022 with the goal of slowing down economic activity.

Persons: Kris Mitchener, William Gale, Michael Peterson, Peter G, Lori Esposito, Murray, Stephanie Kelton Organizations: U.S, Leavey School of Business, Santa Clara University, Brookings Institution, Peterson Foundation, Economic Develop, Conference Board, Economic Development, The Conference Board, Federal Reserve, Stony Brook University Locations: U.S

☆ Georgia indicted Trump for trying to overturn the 2020 election. Why hasn't any other state?
▼ + stars: | 2023-09-10 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +13 min

Georgia is the only state to indict Donald Trump for trying to overturn the 2020 election. Donald Trump and his merry band of indicted lawyers and fake electors tried to overturn the 2020 election results in Pennsylvania, Wisconsin, Arizona, New Mexico, and Michigan. Trump went further in Georgia than in any other state to overturn the results of the election. REUTERS/Elijah NouvelageIn addition to bringing criminal charges against Trump personally, Smith is examining other modes of interference in the 2020 election. "Those who wish to avoid felony charges in Fulton County, Georgia — including violations of Georgia RICO law — should not commit felonies in Fulton County, Georgia," Willis wrote.

Persons: Donald Trump, Trump, Fani Willis, David Graham, plumb, Norm Eisen, Amy Lee Copeland, Jack Smith, haven't, Elijah Nouvelage, Smith, Kathy Boockvar, Joe Biden, Boockvar, it's, Dana Nessel, Nessel, Alex Brandon Wisconsin, Josh Kaul, Aaron Ford, Josh Shapiro, Willis, schoolteachers, John E, Floyd, Eisen, Brad Raffensperger, Ronald Carlson, Brad, Joe Raedle, Jim Jordan of, shouldn't, —, Jordan, Floyd — Organizations: Service, Peach State, The New York Times ., Trump, DOJ, Capitol, New Mexico —, Justice Department, Washington, Washington Post, Security, Republican, RICO, Office, Brookings Institution, Biden, University of Georgia School of Law, Trump Force, State Locations: Georgia, Michigan , Wisconsin , Pennsylvania, Wall, Silicon, Pennsylvania , Wisconsin , Arizona, New Mexico, Michigan, Fulton County, Atlanta, The, Arizona, Pennsylvania, Nevada , New Mexico, Wisconsin, Michigan , Wisconsin, Georgia , Michigan, Fulton, Jim Jordan of Ohio, Fulton County , Georgia

Hanoi, Vietnam CNN —President Joe Biden will arrive at Chinese leader Xi Jinping’s doorstep on Sunday with a deal in hand to draw yet another one of China’s neighbors closer to the United States. “It’s not going to be easy for Vietnam, because they’re under enormous pressure from China,” the official went on. In Vietnam, it’s not only China whose influence Biden is competing with. On Monday, Biden plans to announce steps to help Vietnam diversify away from an over-reliance on Russian arms, a senior administration official said. “I think that’s a deliberate design by the Biden administration,” said Yun Sun, the China program director at the Stimson Center.

Persons: Joe Biden, Xi Jinping’s, Biden, ”, It’s, playbook, Xi Jinping, Evelyn Hockstein, ” Biden, Modi, Xi, States ’, it’s, ratchets, aggressions, Didier Marti, “ We’re, “, Biden’s, Mao Ning, Vietnam’s, Antony J, Blinken, Trung, Patricia Kim, Le Hoai, Jake Sullivan, Sullivan, ” –, General Secreatary Nguyen, Trong, Yun Sun, ’ Organizations: Vietnam CNN, White House, Korean, Getty, Saturday, Communist Party, Xinhua, China’s, Monday, Communist Party of Vietnam's, Department of State . US Department of State, Biden, Brookings Institution, Communist, NATO, Wing, Stimson Locations: Hanoi, Vietnam, United States, Philippines, China, Beijing, New Delhi, AFP, Asia, States, Russia, Moscow, India, Brazil, South Africa, –, That’s, South China, Washington, South Korea, Helsinki, Japan, Korea, Australia, United Kingdom

In remarks ahead of their talks, Putin told Erdogan that Russia is “open to negotiations” on the grain deal. Shifting power balanceErdogan and Putin last met face-to-face in October on the sidelines of an Asia summit in the Kazakh capital Astana. Ahead of his re-election, Erdogan hailed his “special” relationship with Putin as Western states pressured Ankara to join sanctions against Moscow. “(Erdogan) has not really gotten in the direction of trying to please Putin,” Ulgen told CNN. The reconfigured power balance between the two leaders could yet yield positive results with the efforts to revive the Black Sea grain deal, experts say.

Persons: Recep Tayyip Erdogan, Vladimir Putin, Putin, Erdogan, Monday’s, ” Putin, ”, Sinan Ulgen, Kemal Kilicdaroglu, “, ” Erdogan, CNN’s Becky Anderson, Asli Aydintasbas, ” Aydintasbas, ” Ulgen, Volodymyr Zelensky, Ulgen, Turkey’s, “ Putin, ” “ Erdogan Organizations: CNN, TASS, Astana, Atlantic Treaty Organization, NATO, Brookings Institution, “ Locations: Russia’s, Sochi, Moscow, Black, Russia, Turkey, Qatar, Russian, Turkish, Asia, Kazakh, Ukraine, Ankara, Istanbul, Washington , DC, United States, ”, Finland, Sweden, East

Opinion The Key Players in Trump’s Plot to Upend the Election, MappedMs. Cottle is a member of the editorial board. Upending the outcome of a free and fair presidential election is no minor endeavor. It requires time, energy, money and, especially, an awful lot of people willing to do the wrong thing — or at least go along with it. What’s past is prologue with Mr. Trump. The Times is committed to publishing a diversity of letters to the editor.

Persons: Cottle, Eisen, Maggiacomo, Donald Trump, Trump, autocrat Organizations: Brookings Institution, Republican

☆ Ron DeSantis’s Illiberal Education
▼ + stars: | 2023-08-30 | by ( William A. Galston | ) www.wsj.com time to read: +1 min

William A. Galston writes the weekly Politics & Ideas column in the Wall Street Journal. He holds the Ezra K. Zilkha Chair in the Brookings Institution’s Governance Studies Program, where he serves as a senior fellow. A participant in six presidential campaigns, he served from 1993 to 1995 as Deputy Assistant to President Clinton for Domestic Policy. Mr. Galston is the author of 10 books and more than 100 articles in the fields of political theory, public policy, and American politics. A winner of the American Political Science Association’s Hubert H. Humphrey Award, he was elected a Fellow of the American Academy of Arts and Sciences in 2004.

Persons: William A, Galston, Ezra K, Saul Stern, Dean, Clinton, Association’s Hubert H, Humphrey Organizations: Street, Zilkha, Brookings Institution’s, Brookings, School of Public Policy, University of Maryland, Institute for Philosophy, Center for Information, Research, Civic, National Commission, Domestic, Liberal Pluralism, Public, Rowman & Littlefield, Liberal Democracy, Yale, American, American Academy of Arts and Sciences Locations: Brookings

☆ AOC slams Ron DeSantis over his desire to send US special forces to Mexico to combat drug cartels: 'So reckless that it's difficult to even capture'
▼ + stars: | 2023-08-30 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

In a NYT interview, AOC pushed back against DeSantis over his idea to send US forces into Mexico. DeSantis said last week that he'd send US special forces into Mexico to go after drug traffickers. Ron DeSantis over his support for sending United States special forces into Mexico to combat drug cartels, calling the idea "reckless." During a conversation with The New York Times, the third-term New York Democrat argued that DeSantis' remarks illustrated the inattention that many American leaders give to other countries in the Western Hemisphere. "Such a suggestion is so reckless that it's difficult to even capture," she told the newspaper.

Persons: DeSantis, Alexandria Ocasio, Ron DeSantis, Vanda Felbab, Brown, Cortez, Biden Organizations: GOP, Service, Florida Gov, United, New York Times, New, New York Democrat, Brookings Institution's Initiative, CNN, The Times Locations: Mexico, Wall, Silicon, Alexandria, Cortez, United States, New York, Latin America, Mexican

☆ Opinion | Reviving America’s Fading Cities Isn’t Impossible
▼ + stars: | 2023-08-30 | by ( Peter Coy | ) www.nytimes.com time to read: +2 min

Here is a list of the biggest U.S. cities by population in 1900: New York, Chicago, Philadelphia, St. Louis, Boston, Baltimore, Cleveland, Buffalo, San Francisco and Cincinnati. Some of those cities have continued to thrive, but others have faded. This year Baltimore is the 30th biggest city, Cleveland 54th, St. Louis 75th and Buffalo 79th. Is the shrinkage of some American cities, towns and villages an inevitable consequence of economic change or something to be vigorously resisted? Surprisingly, even in the era of Zoom, Slack and other collaboration tools, people on the leading edge of new technologies still end up working in the same few big, crowded, expensive metro areas.

Persons: Louis 75th, Biden, hasn’t, appropriators, ”, Slack, Brookings Organizations: Buffalo, National Science Foundation, Brookings Locations: New York, Chicago, Philadelphia, St, Louis, Boston, Baltimore, Cleveland, Buffalo, San Francisco, Cincinnati, San Jose , New York, Los Angeles, Seattle

☆ Regional banks face another hit as regulators force them to raise debt levels
▼ + stars: | 2023-08-29 | by ( Hugh Son | ) www.cnbc.com time to read: +5 min

Saul Loeb | AFP | Getty ImagesU.S. regulators on Tuesday unveiled plans to force regional banks to issue debt and bolster their so-called living wills, steps meant to protect the public in the event of more failures. Higher funding costsThe requirements will create "moderately higher funding costs" for regional banks, the agencies acknowledged. Still, the industry will have three years to conform to the new rule once enacted, and many banks already hold acceptable forms of debt, according to the regulators. They estimated that regional banks already have roughly 75% of the debt they will ultimately need to hold. Analysts have focused on the debt requirements because that is the most impactful change for bank shareholders.

Persons: Martin Gruenberg, Saul Loeb, Banks, Gruenberg, What's, Morgan Stanley, Manan Gosalia Organizations: Federal Deposit Insurance Corporation, Banking, Urban Affairs, Capitol, AFP, Getty, Treasury Department, Office, Currency, Federal Reserve, Federal Deposit Insurance Corp, FDIC, Brookings Institution, Silicon Valley Bank, Regulators, Analysts, T Bank, Citizens Financial, Northern Trust, Fifth Third Bancorp, Bank Locations: Washington , DC, Silicon

The U.S. economy has avoided a threatened banking crisis and financial markets have not only aligned with the Federal Reserve's tight-credit policies but of late even helped the process by bidding up market interest rates. "I think Powell’s main effort is going to be explaining to what degree you want to hold (interest rates) higher for longer in the current outlook." Investors in contracts tied to the Fed's benchmark interest rate currently expect the Fed to begin reducing the policy rate next year from the current level set between 5.25% and 5.5%. Fed officials in fact have begun discussing the possibility of rate cuts down the road, at least in the context of steadily falling inflation. If inflation does decline as expected, Fed officials including Powell have suggested rate reductions might be appropriate to maintain a roughly constant inflation-adjusted "real rate."

Persons: Jerome Powell, Jackson, Jim Urquhart, JACKSON, Antulio Bomfim, Powell, who've, isn't, Adam Posen, William English, Donald Kohn, Howard Schneider, Andrea Ricci Organizations: REUTERS, Federal, Kansas, Fed, Northern Trust, Bank of England's, Committee, Peterson Institute for International Economics, Yale School of Management, Brookings Institution, Thomson Locations: Teton, Jackson , Wyoming, U.S, , Wyoming, Washington

☆ PIMCO's Jerome Schneider explains why now's the 'perfect condition' to be in fixed income
▼ + stars: | 2023-08-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPIMCO's Jerome Schneider explains why now's the 'perfect condition' to be in fixed incomeLouise Sheiner, Brookings Institution senior fellow and policy director for The Hutchins Center on Fiscal and Monetary Policy, and Jerome Schneider, PIMCO managing director, join 'Squawk Box' to discuss the state of the economy, latest market trends, what investors should expect from Fed Chair Jay Powell in Jackson Hole tomorrow, and more.

Persons: PIMCO's Jerome Schneider, Louise Sheiner, Jerome Schneider, PIMCO, Jay Powell Organizations: Brookings Institution, The Hutchins, Monetary Locations: Jackson

☆ Prigozhin reportedly 'on passenger list' of deadly plane crash near Moscow
▼ + stars: | 2023-08-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPrigozhin reportedly 'on passenger list' of deadly plane crash near MoscowMichael O'Hanlon, Brookings Institution senior fellow, joins 'Power Lunch' to discuss the war in Ukraine and the reported deadly plane crash near Moscow today.

Persons: Prigozhin, Moscow Michael O'Hanlon Organizations: Brookings Institution Locations: Moscow, Ukraine

☆ Apparent death of Wagner boss Prigozhin might pay dividends for the Kremlin
▼ + stars: | 2023-08-23 | by ( Nathan Hodge | ) edition.cnn.com time to read: +7 min

The Ukrainians and their allies, Solovyov insinuated, were “spreading a fake message about the death of Yevgeny Prigozhin” based on a report from Rossiya-24, a Russian state television channel. After all, Russian investigative outlets have reported that the Wagner head apparently employed at least one body double. Awaiting an impartial report from the Investigative Committee is like expecting a Russian state TV host to stop taking talking points from the Kremlin. The crash of Prigozhin’s plane happened just about two months after Prigozhin and Wagner staged their insurrection, the biggest challenge to Putin’s rule in over two decades. Russian investigative journalist Artem Borovik died in 2000 shortly after his plane to Kyiv crashed after take-off from Moscow’s Sheremetyevo airport.

Persons: Yevgeny Prigozhin’s, Wagner, Prigozhin, Vladimir Solovyov, Solovyov, Yevgeny Prigozhin ”, Prigozhin –, Batya, –, Vladimir Putin’s, Alexey Navalny, Putin, “, Russia, That’s, Alexander Lukashenko, defenestration, Artem Borovik, Alexander Lebed –, cui bono –, Vanda Felbab, Brown, liquidating Wagner, ”, Vladimir Putin Organizations: CNN, Embraer, Kremlin, Russian Federation, Brookings Institution Locations: Kuzhenkinskoe, Russia’s Tver, Russian, Rossiya, Moscow, Ukraine, Belarus, Russia, Africa, St . Petersburg, Niger, Kyiv, Moscow’s Sheremetyevo, East

☆ China's growing aggression will be in focus as U.S. closes ranks with Japan and South Korea
▼ + stars: | 2023-08-18 | by ( Sumathi Bala | ) www.cnbc.com time to read: +6 min

President Joe Biden will unveil the measures with Japanese Prime Minister Fumio Kishida and South Korean President Yoon Suk Yeol at Camp David on Friday, said Kurt Campbell, the White House coordinator for Indo-Pacific affairs. Most countries in the region have "deep, profound economic and political interests," and a "steady and stable relationship" with China, Campbell added. watch nowChina has "warned Tokyo and Seoul against pursuing greater trilateral security cooperation with Washington, but its diplomatic pressure is backfiring," they added. "What President Yoon and Prime Minister Kishida have done has defied expectations. In March, Yoon's government announced a landmark agreement over compensation payments for South Korean victims of Japanese wartime forced labor.

Persons: Joe Biden, Fumio Kishida, Yoon Suk, Brendan SMIALOWSKI, BRENDAN SMIALOWSKI, Brendan Smialowski, David, Kurt Campbell, Camp David, Biden, Campbell, Victor Cha, Cha, Wang Wenbin, Beijing Campbell, Rahm Emanuel, Kishida, Yoon, we've, Yoon's Organizations: Japan's, South, Getty, Afp, Biden, Japanese, Center for Strategic, International Studies, Washington, White, CSIS Locations: Hiroshima, AFP, Japan, South Korea, Camp, Washington, Asia, Korea, Ukraine, Beijing, U.S, China, United States, America, America … China, warily, Eurasia, Tokyo, Seoul, South

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