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/U.S House of Representatives/Handout via REUTERS /File PhotoWASHINGTON, Aug 15 (Reuters) - Nebraska Republican Congressman Don Bacon said late on Monday the FBI had warned him that his emails were hacked by Chinese spies, with both personal and campaign messages compromised. Bacon was told that the Chinese Communist Party had access to his accounts for about a month ending on June 16, he said on social media platform X, formerly known as Twitter. CNN previously reported that email accounts in the House of Representatives were targeted as part of the same campaign. The Chinese Embassy in Washington did not immediately respond to a message seeking comment. Reporting by Christopher Bing and Raphael Satter; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.
Persons: Don Bacon of Nebraska, Don Bacon, Bacon, Gina Raimondo, China Nicholas Burns, Christopher Bing, Raphael Satter, Devika Organizations: Republican U.S . Rep, U.S . House, REUTERS, Nebraska Republican, FBI, Chinese Communist Party, Twitter, Microsoft, U.S, U.S . Commerce, CNN, Communist, Embassy, Air Force, House Armed Services Committee, Thomson Locations: Nebraska, China, Washington
Vander Plaats and his group are leaders in the state’s Christian conservative movement, which has enormous political influence in Iowa. “It’s a lot more money” than you typically see allocated in Iowa, said Steffen Schmidt, an emeritus political science professor at Iowa State University who studies political spending in the state. “We endorsed Rick Santorum and he stormed to a caucus victory due to our base of supporters,” Vander Plaats wrote. Dunwell referred a request for comment to Vander Plaats, who said Dunwell had been paid as an “independent contractor” since June. You like being around them,” Vander Plaats said on conservative podcast host Steve Deace’s show on Monday.
Persons: Ron DeSantis, Scott Morgan, Ron DeSantis scrambles, Donald Trump, DeSantis, Bob Vander Plaats, Vander, Vander Plaats, , Steffen Schmidt, , Andrew Romeo, , Mike Huckabee, Rick Santorum, Ted Cruz, ” Vander Plaats, Steve Scheffler, Scheffler, “ Vander Plaats, Paul S, Ryan, Jess Szymanski, Jon Dunwell, Dunwell, Tucker Carlson, Vivek Ramaswamy, Tim Scott, Tricia McLaughlin, Ramaswamy, Scott, Mike Pence, Marc Short, Carlson, Santorum, Karen, ” Trump, Trump, Haley, Scott —, Casey, Steve Deace’s, ” Alexandra Ulmer, Joseph Tanfani, Jason Lange, Jason Szep Organizations: Republican U.S, Florida, Fair, REUTERS, Republican, Family, Foundation, pollsters Edison Media Research, Iowa State University, Family Leader, Trump, Iowa Faith & Freedom Coalition, Reuters, Santorum, Iowa, DeSantis, , Fox News, Federal, Commission, Scott, PAC, Trust, Patriot Voices, Twitter, Thomson Locations: Iowa, Atlantic , Iowa, U.S, ” IOWA, Arkansas, Des Moines, New Hampshire, Nevada, Republic, San Francisco, Washington
"Our drone base in Niger is extremely important in countering terrorism in the region," one of the U.S. officials said. FOREIGN ASSISTANCEThe Biden administration has not formally labeled the military takeover in Niger a coup, a designation that would limit what security assistance Washington can provide the country. The U.S. drone base has grown in importance due to a lack of Western security partners in the region. The drone base, known as airbase 201, was built near Agadez in central Niger at a cost of more than $100 million. Wagner's chief, Yevgeny Prigozhin, has welcomed the coup in Niger and said his forces were available to restore order.
Persons: Abdourahmane Tiani, Balima, Mohamed Bazoum, Russia's Wagner, Biden, Antony Blinken, Nusrat al, Cameron Hudson, Hudson, Terence McCulley, WAGNER, Yevgeny Prigozhin, Wagner, Idrees Ali, Daphne Psaledakis, Simon Lewis, Michelle Nichols, Don Durfee, Deepa Babington Organizations: REUTERS, Nigerien, Islamic State, Al, West African, Center for Strategic, International Studies, United States Institute of Peace, Wagner Group, ., U.S, Thomson Locations: Niger, Niamey, United States, Sahel, Al Qaeda, France, Africa, insurgencies, Russia, China, Washington, U.S, Mali, Burkina Faso, Agadez, State, Nigeria, Ivory Coast, Niger's, Nigerien
(Photo by VCG/VCG via Getty Images)Semiconductor Manufacturing International Corp. posted on Thursday a drop in second-quarter revenue against a backdrop of ongoing U.S. sanctions and a sluggish recovery in global chip demand. Net income was $402.76 million, down by 21.7% from the $514.33 million recorded in the second quarter of 2022. SMIC is China's biggest foundry, manufacturing semiconductor chips that other firms design. The Semiconductor Industry Association said that global sales of semiconductors totaled $124.5 billion during the second quarter of 2023. This represents a 4.7% increase from the first quarter but is 17.3% below the second quarter of 2022.
Persons: SMIC, Taiwan's, ASML Organizations: Semiconductor Manufacturing International Corporation, Getty, Semiconductor Manufacturing International Corp, Samsung, The Semiconductor Industry Association Locations: BEIJING, CHINA, Beijing, China, South, U.S
Poland's government, which faces October elections, is even suing Brussels over climate policies. Britain has already quickly gone from being a leader on the world stage to looking quite weak on green policies, he said. CITIZENS, BUSINESSESEurope's green policies are still more credible than U.S. ones, given see-sawing between electoral cycles in the United States, some analysts said. Rows over green policies have propelled right-wing populist parties to second place in both Dutch and German polls. "Otherwise citizens might start to feel that climate policy is always financially overwhelming and bad, and that sentiment is then exploited by populists."
Persons: Timm Reichert, Virginijus Sinkevicius, Sinkevicius, Anna Moskwa, Nathalie Tocci, Mats Engström, GREEN, Bob Ward, Ward, Rishi Sunak, Rob Jetten, Nina Scheer, Simone Tagliapietra, Tagliapietra, Kate Abnett, Sarah Marsh, Gloria Dickie, Anthony Deutsch, Angelo Amante, Pawel, Susanna Twidale, William James, Alexnder Smith Organizations: REUTERS, European Union, Reuters, European People's Party, European Council, Foreign, United States, Grantham Research, London School of Economics, Political, Climate, Energy, Democrats, Thomson Locations: Gruenberg, Germany, EU, BERLIN, BRUSSELS, Netherlands, Brussels, Europe, United States, Grantham, India, China, Britain, Berlin, London, Amsterdam, Rome, Warsaw
DeSantis' camp on Tuesday announced that it was ousting campaign manager Generra Peck and bringing in two top outside strategists. Replacing Peck, who is now the campaign's chief strategist, is James Uthmeier, previously the governor's chief of staff. Campaign insiders and donors say the replacement of Peck is unlikely to quell anxiety about the direction of DeSantis' campaign. NEW CAMPAIGN MANAGER, SAME STRATEGYUthmeier's appointment had been in the works for weeks, said one person close to the process. "With him, the governor has basically imposed his will in Tallahassee," said another person close to Uthmeier, referring to Florida's capital city.
Persons: Ron DeSantis, Scott Brown, Reba Saldanha, DeSantis, Generra Peck, Peck, James Uthmeier, Donald Trump, Robert Bigelow, Bigelow, James, Uthmeier, Trump, David Polyansky, Marc Reichelderfer, Gram Slattery, Ross Colvin, Alistair Bell Organizations: Republican U.S, REUTERS, Republican, Reuters, Republican Party, Thomson Locations: Florida, Rye , New Hampshire, U.S, Utah, Tallahassee, Iowa
How to Save for a House
  + stars: | 2023-08-09 | by ( Michele Lerner | ) www.wsj.com   time to read: +10 min
By Michele LernerThe need to save looms large in the home buying process. 5 strategies to save for a houseZillow estimates that it would currently take the typical household saving 5% of their income close to nine years to save a 10% down payment on a typical house. For example, if you’re aiming for $50,000 down on a $500,000 home in three years, you’ll need to save nearly $1,400 a month. That means the fastest way to save is often to cut costs on the place you live. However, he says you should at least save the minimum to earn any 401(k) matching contributions your employer offers and have a plan to increase your contributions after you buy a house.
Persons: Michele Lerner, you’re, , Isabel Barrow, Barrow, Cash, Tom Mathews, Matt Steenson, ” Barrow, Mathews, , you’ve, , ” Steenson, Steenson Organizations: National Association of Realtors, NAR, Edelman, News Corp, The, Street, PNC Bank, Federal Deposit Insurance Corp Locations: Alexandria, Va, Atlanta, Pittsburgh
Political violence in polarized U.S. at its worst since 1970s
  + stars: | 2023-08-09 | by ( ) www.reuters.com   time to read: +26 min
Three academics who reviewed the cases say they add to growing evidence that America is grappling with the biggest and most sustained increase in political violence since the 1970s. Political violence surged for nearly a decade starting in the late-1960s – 1970 alone saw more than 450 cases, LaFree said. In contrast, much of today’s political violence is aimed at people – and most of the deadly outbursts tracked by Reuters have come from the right. “Political warfare”There’s no official tally of how many Americans die each year from political violence. Most of the fatal political violence identified by Reuters was carried out by people who embraced far-right views.
Persons: Kristen King’s, King, , Austin Combs, , “ He’s, wailed, Anthony King, Donald Trump, Gary LaFree, LaFree, Rachel Kleinfeld, Carnegie’s Kleinfeld, Trump, Christopher Wray’s, Combs, Let’s, Joe Biden, Dave Spurrier, ” Combs, Wayne Staton, gaunt, Bri Smith, “ honk, Bubba, Ross, Cody Lee Harbaum, ” Harbaum, Edgar, Floyd Rockwell, Terry B’s, “ Hillary, Kim Jenkins, Patti Betz, “ Austin, Betz, Miss Patti, , ” Betz, Paul Pelosi, Nancy Pelosi, Paul, Nancy Pelosi’s, Katie Pridemore, Shawn Popp, Popp, Donald Henry, Henry, , Craig Greenberg, Quintez Brown, Greenberg, Brown, ” Brown, Robert Telles, Telles, Benjamin Smith, Dajah Beck, Beck, Smith, Allie Bradley, “ You’re, Bradley, Kristine Christenson, Ben Smiths, rightwing hecklers, ” Bradley, Knightly’s, Katherine Knapp, King’s, Kristen, Pridemore Organizations: Democrat, Reuters, U.S . Capitol, University of Maryland criminologist, Oklahoma, Federal Bureau of, Carnegie Endowment, International, Democratic, Trump, U.S . Department of Homeland Security, Republican, Democratic Party, Republican Party, Miss, . House, San, U.S, Capitol, Media, Attorney’s Office, Judicial, Las, Veterans, Pridemore Locations: OKEANA, Ohio, Okeana, America, Florida, Portland, Buffalo, Washington, Butler County, Brandon, Butler, Hamilton, San Francisco, Wisconsin, New Mexico, U.S, Louisville , Kentucky, China, Taiwan, California, Clark County , Nevada, Las Vegas, Normandale, Portland , Oregon,
Republican presidential candidate, Florida Governor Ron DeSantis, delivers remarks at the annual Christians United for Israel Summit (CUFI), at the Crystal Gateway Marriott in Arlington, Virginia, U.S., July 17, 2023. "Governor DeSantis has to change the dynamics," Eberhart said. DeSantis faces a crucial moment on Aug. 23 in Milwaukee at the first Republican debate of the 2024 campaign. "This is par for the course for DeSantis' campaigns," Ayres said. Republican Senator John McCain, for instance, fired almost all of his senior campaign staff in June 2007 before staging a comeback and ultimately clinching the 2008 Republican nomination.
Persons: Ron DeSantis, Kevin Wurm, Donald Trump, Generra Peck, James Uthmeier, Andrew Romeo, Dan Eberhart, Peck, Uthmeier, DeSantis, Eberhart, Joe Biden, Trump's, Wilbur Ross, Romeo, Robert Bigelow, Bigelow, Trump, David Polyansky, Whit Ayres, Ayres, John McCain, Gram Slattery, Alexandra Ulmer, Tim Reid, Ross Colvin, Will Dunham Organizations: Florida, United, Israel Summit, Crystal Gateway Marriott, REUTERS, Republican U.S, Republican, Democratic, Reuters, Trump, Thomson Locations: Arlington , Virginia, U.S, Florida, Milwaukee, Washington, San Francisco, Los Angeles
Republican presidential candidate, Florida Governor Ron DeSantis, delivers remarks at the annual Christians United for Israel Summit (CUFI), at the Crystal Gateway Marriott in Arlington, Virginia, U.S., July 17, 2023. "Governor DeSantis has to change the dynamics," Eberhart said. DeSantis faces a crucial moment on Aug. 23 in Milwaukee at the first Republican debate of the 2024 campaign. It is unclear what direction Uthmeier will take the DeSantis campaign as its new manager. "This is par for the course for DeSantis' campaigns," Ayres said.
Persons: Ron DeSantis, Kevin Wurm, Donald Trump, Generra Peck, James Uthmeier, Andrew Romeo, Robert Bigelow, Bigelow, Peck, Joe Biden, Trump, DeSantis, Romeo, David Polyansky, Dan Eberhart, Uthmeier, Eberhart, Wilbur Ross, Whit Ayres, Ayres, Gram Slattery, Alexandra Ulmer, Tim Reid, Scott Malone, Will Dunham Organizations: Florida, United, Israel Summit, Crystal Gateway Marriott, REUTERS, Republican U.S, Reuters, Republican, Democratic, Trump, Thomson Locations: Arlington , Virginia, U.S, Florida, Milwaukee, Washington, San Francisco, Los Angeles
Ron DeSantis on Sunday rejected Donald Trump's claim that he was the true winner of the 2020 presidential election in his most forceful comments to date on the matter. DeSantis continued to discuss all the ways he believed the previous presidential election was not perfect. DeSantis' comments come just days after Trump pleaded not guilty to charges that he broke the law by trying to overturn the 2020 election. I don't think it was a good-run election," DeSantis said. Florida has long allowed anyone who wants to vote by mail to do so, including in the 2020 election.
Persons: Ron DeSantis, Scott Brown, Donald Trump's, DeSantis, Dasha Burns, Trump, Burns, Joe Biden's, Lester Holt, Mark Zuckerberg's, Hunter Biden, didn't, You've, , Dr, Anthony Fauci, lockdowns, Trump's Organizations: Republican U.S, Florida Gov, NBC News, NBC, MSNBC, Trump, Republican, White, Coronavirus, Force, Republican National Committee Locations: Florida, Rye , New Hampshire, U.S, Iowa
But the benign reaction across markets to the BOJ's latest "yield curve control" tweak suggests BOJ Governor Kazuo Ueda may have timed this one just right. In those eight months global inflation has topped out and is now clearly falling, and major central banks are closer to "peak rates." Barclays analysts reckon the BOJ will scrap YCC in October, which would be "sufficiently justified" by Japan's strengthening inflation dynamics. BOJ GETS MARKET BUY-INWhenever the BOJ decides to start offloading its JGBs, there will be plenty of pent-up demand. But the early signs suggest investors believe the BOJ has timed it right and can, to coin a phrase, achieve its own "soft landing."
Persons: Issei Kato, Kazuo Ueda, Government Bond, Jamie McGeever, Paul Simao Organizations: Bank of Japan, REUTERS, Government, Reuters, HSBC, Barclays, International Monetary Fund, U.S . Federal, European Central Bank, Reserve Bank of Australia, Thomson Locations: Tokyo, Japan, ORLANDO, Florida
Former President Donald Trump has said he's been informed that he is the target of an investigation by a grand jury examining Jan. 6 and efforts to overturn the 2020 election led by special counsel Jack Smith. Members of the grand jury hearing evidence in the special counsel probe of possible 2020 election interference by former President Donald Trump and others arrived at a federal courthouse Tuesday morning, fueling speculation that an indictment against the former president could come later in the day. It has been two weeks since Trump announced he was a target in the federal investigation into the efforts to overturn President Joe Biden's 2020 victory. The probe, lead by special counsel Jack Smith, is also focused on the events surrounding the Jan. 6 Capitol riot. Trump's receipt of a target letter gave the strongest indication yet that the former president would likely be charged in the election probe.
Persons: Barrett Prettyman, Donald Trump, he's, Jan, Jack Smith, Joe Biden's, Barrett, Trump, Smith Organizations: House, Washington , DC, Trump, Washington , D.C, NBC News, White, White House Locations: Washington ,, Manhattan
Republicans struggle to diverge from Bidenomics
  + stars: | 2023-08-01 | by ( Ben Winck | ) www.reuters.com   time to read: +4 min
Florida Governor and Republican U.S. presidential candidate Ron DeSantis attends a barbecue hosted by former diplomat Scott Brown, as part of his "No B.S. WASHINGTON, Aug 1 (Reuters Breakingviews) - Republicans with ambitions to move into the White House have a love-hate relationship with Bidenomics. A continued push for true “energy independence” probably would look more like Biden’s strategy than anything else. The agenda includes 10 core tenets, including greater independence from China, energy independence and promoting domestic investment. He called for “aggressive new restrictions” on Chinese ownership of U.S. infrastructure in a Jan. 18 campaign video and emphasized domestic energy independence in a Feb. 9 video.
Persons: Ron DeSantis, Scott Brown, Bidenomics, Donald Trump, Joe Biden’s, DeSantis, , Biden, Trump, , Jeffrey Goldfarb, Sharon Lam Organizations: Republican U.S, Reuters, Economic, Federal Reserve, Trump, Energy Information Administration, , Florida, Former U.S, Thomson Locations: Florida, Rye , New Hampshire, U.S, WASHINGTON, , Ukraine, Beijing, China, Bidenomics, New Hampshire
Listening to the men in the short Opinion Video above is like encountering visitors from another planet. They are serving life sentences at Angola prison, in rural Louisiana, with little to no hope for release. The men are among the thousands in Louisiana — and more than 50,000 nationwide — locked up for life without parole. The point is not to diminish the severity of the crimes that put these men behind bars. But, ask yourself as you watch the video, how long is long enough?
Organizations: . Sentencing Locations: Angola, Louisiana, Louisiana —, Maryland, South Carolina, New Mexico
Ron DeSantis on Monday unveiled a lengthy economic agenda aimed to spur growth by upending the U.S. trade relationship with China, reversing Biden administration regulations and confronting corporations deemed to be pushing "woke" ideals. "The goal of our Declaration of Independence is simple," DeSantis said as he detailed the plan in Rochester, New Hampshire. Both Trump and DeSantis, for instance, have vowed to decouple the U.S. economy from China and reverse trade deficits with Beijing. DeSantis' agenda would also seek to address Chinese intellectual property theft and ban China from purchasing "strategic assets" in the U.S., according to a fact sheet from the DeSantis campaign. DeSantis "will not tolerate woke corporations using ESG," his campaign said, referring to the investing principles that consider environmental, social and governance factors.
Persons: Ron DeSantis, Scott Brown, DeSantis, Donald Trump, Trump Organizations: Republican U.S, Florida Gov, Republican, Economic, New York Times, Siena, Trump, Federal, of Justice Locations: Florida, Rye , New Hampshire, U.S, China, Rochester , New Hampshire, Beijing, New Hampshire, Concord, Iowa
"I beat Biden in Georgia, Trump doesn't. I beat Biden soundly in Arizona, Trump doesn't," DeSantis said of Trump in a Fox News interview. The likely Republican primary voters also told the pollsters that they considered Trump to be more electable against Biden than DeSantis. Asked whether the phrase "Able to beat Joe Biden" better described Trump or DeSantis 58% of those respondents picked the former president, versus 28% who chose the governor. Fox's Bret Baier asked DeSantis, "You don't believe that former President Trump could win a general election against Joe Biden?"
Persons: Ron DeSantis, Scott Brown, Donald Trump, Joe Biden, Biden, Trump, DeSantis, Fox's Bret Baier Organizations: Republican U.S, Florida Gov, GOP, Fox, The New York Times, Siena College, Trump, Republican, Democratic, NBC News Locations: Florida, Rye , New Hampshire, U.S, Georgia, Arizona
The October 2022 rules impose two performance caps on exporting AI chips to China - one on how fast the chips can talk to one another, and the second on the chips' processing speeds. After the rules took effect, Nvidia created special chips for China with lower interconnect speeds. Intel this month also said it has created an AI chip that can be sold in China. Nvidia at the time said that restricting sales of its AI chips to China "would result in a permanent loss of opportunities for the U.S. On Friday, Gallagher and Krishnamoorthi urged an even tighter approach than the one Reuters previously reported officials are considering.
Persons: Mike Gallagher, Biden, Raja Krishnamoorthi, Gina Raimondo, Gallagher, Krishnamoorthi, " Gallagher, Stephen Nellis, Chris Sanders, Leslie Adler Organizations: U.S, Rep, Chinese Communist Party, Capitol, FRANCISCO, Republican, Nvidia, Devices, Intel, Reuters, Qualcomm, Semiconductor Industry Association, Microsoft, Google, Thomson Locations: United States, Taiwan, Washington , U.S, China, U.S, Washington, San Francisco
The October 2022 rules impose two performance caps on exporting AI chips to China - one on how fast the chips can talk to one another, and the second on the chips' processing speeds. After the rules took effect, Nvidia created special chips for China with lower interconnect speeds. Intel this month also said it has created an AI chip that can be sold in China. Nvidia at the time said that restricting sales of its AI chips to China "would result in a permanent loss of opportunities for the U.S. On Friday, Gallagher and Krishnamoorthi urged an even tighter approach than the one Reuters previously reported officials are considering.
Persons: Mike Gallagher, Biden, Raja Krishnamoorthi, Gina Raimondo, Gallagher, Krishnamoorthi, " Gallagher, Stephen Nellis, Chris Sanders, Leslie Adler Organizations: U.S, Rep, Chinese Communist Party, Capitol, FRANCISCO, Republican, Nvidia, Devices, Intel, Reuters, Qualcomm, Semiconductor Industry Association, Microsoft, Google, Thomson Locations: United States, Taiwan, Washington , U.S, China, U.S, Washington, San Francisco
Saul Loeb | Afp | Getty ImagesHalf of Americans polled widely view China as the biggest threat facing the U.S., a new Pew research center survey revealed. In an open-ended question, Americans were asked to name any country as the greatest threat to the U.S. — 50% named China. While it's difficult to compare responses from year to year, Pew noted that "Americans have not always seen China as the top threat to the United States." "When we last asked a question of this sort in 2019, equal shares of Americans pointed to China and Russia as the greatest threat facing their country," it said. The survey reflects Americans' view of China have become more negative over time — particularly since 2020, added Pew.
Persons: Joe Biden, Xi Jinping, Saul Loeb, Pew, Laura Clancy, we've, Pew's Clancy, Henry Kissinger, Kissinger, Biden, Antony Blinken, Janet Yellen, John Kerry Organizations: Afp, Getty, Pew, CNBC, U.S . Locations: Nusa Dua, Bali, China, Russia, United States, U.S, Ukraine, Taiwan Strait, Beijing, Washington
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSen. Gillibrand on Congress stock trade ban: Members have access to non-public informationSen. Kirsten Gillibrand (D-N.Y.) and Sen. Josh Hawley (R-Mo.) join 'Squawk Box' to discuss the push to ban U.S. lawmakers, senior executive branch officials and their families from owning and trading stocks, why exceptions for blind trusts should not be allowed, and more.
Persons: Email Sen, Gillibrand, Sen, Kirsten Gillibrand, Josh Hawley Organizations: Email
WASHINGTON, July 26 (Reuters) - Four Republican U.S. senators on Wednesday sought to reverse a Biden administration decision to waive "Buy America" requirements for government-funded electric vehicle (EV) charging stations. Senators Marco Rubio, Roger Marshall, Rick Scott and Kevin Cramer said the Federal Highway Administration waiver of U.S. content requirements for steel, iron and construction materials would result in U.S. taxpayers subsidizing Chinese-made products. It said in February that the short-term waiver would enable "EV charger acquisition and installation to immediately proceed." EV chargers require iron and steel for some of their most crucial parts, including the internal structural frame, heating and cooling fans and the power transformer. U.S. states and companies had warned that global demand for EV chargers is straining the supply chain, making it difficult, if not impossible, to meet made-in-America standards and expedite construction of new chargers.
Persons: Marco Rubio, Roger Marshall, Rick Scott, Kevin Cramer, Rubio, Biden, David Shepardson, Leslie Adler, Richard Chang Organizations: Republican U.S, Federal, Administration, EV, Kansas Department of Transportation, Thomson Locations: U.S, China, United States, America
And while Fed Chair Jerome Powell said that the central bank's staff does not predict a recession, he did say that the economy will need to further slow in order to defeat inflation. "We have seen the impact, but not to the extent that the market expected or the Fed expected. He pointed to the iShares MSCI USA Quality Factor ETF (QUAL) and the JPMorgan U.S. Quality Factor ETF (JQUA) as funds that are capturing some of the market rally without adding outsized risk. Those are growth-oriented defensive equities with strong balance sheets, high revenue growth, which is what investors seek during slow revenue or slow economic environments," Smith said. QUAL YTD mountain This quality factor ETF has risen more than 20% this year.
Persons: Jerome Powell, Powell, Venkat Balakrishnan, Savita Subramanian, Andrew Smith, Smith, Charles Champagne Organizations: Federal, " Bank of America, Delos Capital Advisors, CNBC, JPMorgan U.S, Quality, Visa, Mastercard, of America, Investors, Bank of America Locations: U.S, Dallas
Last week, the Manhattan U.S. attorney, Damian Williams, called for an outside authority to take control of the jails, saying that “after eight years of trying every tool in the tool kit we cannot wait any longer for substantial progress to materialize.” And the federal judge who appointed the monitor as part of a civil rights case against the jails, Laura Taylor Swain, has recently signaled a deep frustration with the city’s Correction Department. For his part, Mr. Molina and his staff members have touted progress, pointing to department statistics that show a decrease in deaths, as well as in slashings and stabbings. But the creation of the new, tight-lipped investigative group — known as the special investigations unit — and other moves emanating from the commissioner’s office have called into question whether such statements can be trusted, records and interviews show. While there is nothing inherently wrong with a commissioner changing the structure of the units within the department, former correction officials say, the new unit’s refusal to divulge details of one violent incident has hampered the work of the monitor and other watchdog groups. The unit that is now being criticized was created on the same day in April that the federal monitor, Steve J. Martin, filed a report with the court praising the department’s willingness to take steps toward reform.
Persons: Damian Williams, Laura Taylor Swain, Molina, Steve J, Martin Organizations: Manhattan U.S, city’s, Department Locations: slashings
Former U.S. Secretary of State Henry Kissinger helped broker talks between then-U.S. President Richard Nixon and China's Mao Zedong, paving the way for normalized relations. Veteran U.S. diplomat Henry Kissinger met with Chinese President Xi Jinping Thursday during a surprise visit to Beijing, according to state media. The 100-year-old former U.S. Secretary of State was hosted by the Chinese premier at the Diaoyutai State Guesthouse, CCTV said in an online post. However, Reuters reported that the White House said Kissinger was not visiting China on behalf of the U.S. government. Kissinger's talks with Xi were his second unexpected meeting of the week, after the former diplomat spoke with China's Defense Minister Li Shangfu on Tuesday.
Persons: Henry Kissinger, Richard Nixon, China's Mao, Xi Jinping, Kissinger, Xi, Kissinger's, Li Shangfu Organizations: U.S, Veteran U.S, State, Xinhua, Google, U.S . State Department, Reuters, White, ., China's Defense Locations: Beijing, Diaoyutai State, China
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