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☆ Echoes of Roe v. Wade in Decision Granting Immunity to Trump
▼ + stars: | 2024-07-29 | by ( Adam Liptak | ) www.nytimes.com time to read: +1 min

In the month since the Supreme Court granted former President Donald J. Trump substantial immunity from prosecution, a recurring critique of the decision has emerged. Lawyers and scholars say the ruling bears a striking resemblance to Roe v. Wade, the 1973 decision establishing a constitutional right to abortion. They point to at least four features of the immunity decision that also figured in Roe, which was overturned in 2022 as “egregiously wrong” in a slashing majority opinion from Justice Samuel A. Alito Jr. He wrote that there was nothing in the text of the Constitution about abortion, that the majority had concocted a three-part test for enforcing the right out of whole cloth, that a revision of that three-part test had introduced a vague and unpredictable “undue burden” standard and that the ruling had removed an important question from the legislative process. “The judicial method employed by Trump v. United States resembles Roe v. Wade in the ways that matter,” Richard D. Bernstein, who filed a supporting brief in the case on behalf of conservative critics of Mr. Trump’s legal positions, wrote in a blog post a week after the decision.

Persons: Donald J, Trump, Roe, Wade, Samuel A, Alito Jr, ” Richard D, Bernstein, Mr Organizations: Trump v . Locations: Roe, Trump v . United States

☆ Biden’s manufacturing industry is expanding, but that could be bad for inflation
▼ + stars: | 2024-04-07 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

But a resurgence in the industry could complicate the Federal Reserve’s ongoing inflation fight, either delaying the first interest rate cut or resulting in fewer cuts this year, some economists say. Interest rates have been at a two-decade high since July, after the Fed raised rates aggressively over the prior year and a half. The economy picking up further strength would spook Wall Street because of what it means for interest rates — and some manufacturers say they’re optimistic about the future. The Bank of Canada announces its latest interest rate decision. China’s National Bureau of Statistics releases March inflation data.

Persons: Joe Biden, ”, Tom Barkin, “, Mary Daly, ” Daly, Jerome Powell, Neel Kashkari, ” Kashkari, ” Richard de Chazal, Blair, they’re “, Amazon’s, It’s, Ramishah Maruf, Amazon, haven’t, Read Organizations: Washington CNN, Institute for Supply Management, Congress, Fed, ” Richmond Fed, ” San Francisco Fed, Minneapolis, Dow, Blair Equity Research, Amazon, Fresh, Delta Air Lines, US Labor Department, Index, Bank of Canada, Federal Reserve, National Bureau of Statistics, Constellation Brands, European Central Bank, JPMorgan Chase, Citigroup, State, National Statistics, The University of Michigan Locations: Richmond , Virginia, ” San, Las Vegas, India, Wells Fargo, Progressive, BlackRock

☆ Old Hollywood Glamour at the Gap?
▼ + stars: | 2024-02-09 | by ( Ruth La Ferla | ) www.nytimes.com time to read: +1 min

On Monday Mr. Posen, 43, whose namesake brand ceased operations in 2019, was announced as the new creative director of Gap Inc. and the new chief creative officer of Old Navy. The designer known for pieces that evoke Golden Age Hollywood will “serve as cultural curator and creative partner,” Richard Dickson, the president and chief executive of Gap Inc., said in a news release. Nor is he the first star talent to be awarded a fancy title at Gap. Predecessors have included Patrick Robinson, who after a four-year stint was dismissed in 2011 and, more controversially, Ye, the rapper formerly known as Kanye West, whose Yeezy Gap partnership ended amid a scandal in 2022. And yet, the company still seems willing to bank on a “name” to help burnish its image.

Persons: Zac Posen, ” Richard Dickson, Posen’s, Patrick Robinson, Ye, West Organizations: Mr, Gap Inc, Old Navy, Target Locations: Posen

☆ For Years, Quiet Gilgo Beach Was a Place of ‘Murders and Mayhem’
▼ + stars: | 2023-07-14 | by ( Christopher Maag | ) www.nytimes.com time to read: +1 min

The straight, quiet stretch of Ocean Parkway would give him plenty of time to listen and watch for coming cars. The isolation provided investigators their first clue: The killer knew Long Island well enough to find perhaps its most secluded place. “I don’t think it’s a coincidence that four bodies wound up in this area,” Richard Dormer, the Suffolk County police commissioner, told reporters days after the discovery. The investigation into the murders became mired in a police corruption scandal, after which the case went cold for years. Some local politicians grew frustrated and worried that police had bungled the case.

Persons: Long, ” Richard Dormer Locations: Gilgo Beach, Suffolk County

Fueled by a post-lockdown buying frenzy, the average UK house price hit a record £275,000 ($315,474) in December, a £27,000 increase on the previous year’s high. UK mortgage rates have been ticking upwards since spring, in line with rising interest rates. UK house prices fell 0.9% between September and October, the first decline in 15 months, according to data from Nationwide. A drop in buying power makes a significant drop in house prices inevitable, according to Andrew Wishart, a senior economist at Capital Economics. When house prices fall, homeowners feel less confident about their personal finances, causing them to cut back on spending and hold off on making additional investments.

☆ UK house prices could plunge 15% because of soaring mortgage rates
▼ + stars: | 2022-09-28 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

London CNN Business —House prices in the United Kingdom could plummet by as much as 15% if the country presses ahead with its tax-slashing economic gamble. Credit Suisse (AMJL) said on Tuesday that UK house prices could “easily” fall between 10% and 15% over the next 18 months if the Bank of England aggressively hikes interest rates to keep inflation in check. Some analysts now expect the Bank of England to raise interest rates to 6% next year, up from its current 2.25%, to prop up the ailing currency. Capital Economics, which likewise forecasts a drop in house prices of between 10% and 15%, warned the slump could be “devastating.”“The resulting drop in buying power makes a significant drop in house prices inevitable,” Andrew Wishart, senior economist at Capital Economics, said in a research note on Tuesday. “Mortgage arrears and default would rise just as house prices likely would be tumbling, placing huge strain on banks’ balance sheets,” Tombs said.

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