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Politics and monetary policy: Dangers of meddling with the Fed
  + stars: | 2024-10-18 | 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 EmailPolitics and monetary policy: Dangers of meddling with the FedDonald Kohn, Brookings Institution economic studies senior fellow and former Fed Vice Chair, joins 'Squawk Box' to discuss the dangers of presidents and other politicians meddling with the Fed.
Persons: Donald Kohn Organizations: Brookings, Fed
Spanning 18 categories, from housing and offices to health facilities and sport venues, the shortlist was announced by organizers of the annual World Architecture Festival (WAF) on Monday. 2024 World Architecture FestivalChilean architecture firm Contexto was recognized for its serene A-framed hotel, TAWA Refugio. 2024 World Architecture FestivalLocated on the European shore of the Gallipoli Peninsula in Turkey, the original 17th-century structure was severely damaged during WWI. 2024 World Architecture FestivalThe circular OLM Nature Escape, designed by Andreas Gruber Architects, is a boutique hotel nestled in Italy’s Dolomite Mountains. 2024 World Architecture Festival
Persons: Hadid, Sydney’s, Paul Finch, Kohn Pedersen Fox, Contexto, Kyriakos Tsolakis, Andreas Gruber Organizations: CNN, Australian Embassy, Washington DC, Singapore’s, Airport, of XXI Century Arts, Reutlingen University of Applied Sciences, National Star Observatory of, Kyriakos Tsolakis Architects, Civic, 3NX Architects, Andreas Gruber Architects Locations: Dubai, Cyprus, Turkish, Washington, China’s Zhejiang, Rome, Copenhagen, Germany, TAWA Refugio, Delhi, National Star Observatory of Cyprus, Ezhou, Turkey, Aarhus
Trump's out to charm Gen Z, and that demographic might already be souring on BidenFreshly convicted of 34 charges of falsifying business records, the presumptive Republican presidential nominee seems to have a new campaign strategy — appealing to younger Gen Z voters. Appealing to Gen Z could work for Trump, especially if one accounts for the "Trump amnesia" effect among Gen Zers. Now aged between 12 and 27 — some Gen Zers may have been too young during his presidency to be politically in tune with Trump-era policies. And Gen Zers who vocally backed Biden during his 2020 run may also be souring on him in 2024. Representatives of Trump, Paul, and Biden didn't immediately respond to a request for comment from Business Insider sent outside regular business hours.
Persons: , Logan Paul, Donald Trump, Trump, Paul, Mike Majlak, Putin, Elon Musk, MAGA Organizations: Service, Tesla, Business, Trump Locations: Russian
Last summer, a book changed Kohn Glay’s life. He ordered a copy, and soon was back on TikTok, fervently recommending it to his followers. “If you’re on your spiritual journey, you absolutely need to go and get you one of these,” he says in the video, urging viewers to buy the book in the TikTok store. Glay, who is 43 and lives in Baltimore, began holding online classes to guide people through the journal. Over the next few months, people who watched his videos bought more than 40,000 copies of the book on TikTok, and Glay earned more than $150,000 in commissions.
Persons: Kohn, , Glay Organizations: Home Depot Locations: Baltimore
Most U.S. adults believe that air travel is generally safe in the U.S., despite some doubts about whether aircraft are being properly maintained and remain free from structural problems. About 7 in 10 U.S. adults say planes are a “very” or “somewhat” safe method of travel, according to a new poll from The Associated Press-NORC Center for Public Affairs Research. Slightly fewer than half — 45% — have “a great deal” of confidence in pilots' training, while 38% say that about air traffic controllers. About one-quarter of U.S. adults have a high level of confidence that air travel is safe from terrorist attacks, or that government agencies have enacted necessary safety regulations. Randi Niedfeldt, a retired physician assistant in Wisconsin, has a great deal of confidence in the planes, despite the recent incidents.
Persons: , Margaret Burke of, Burke, , can’t, Sherry Kohn, ” Kohn, Randi Niedfeldt Organizations: Associated Press, NORC, for Public Affairs Research, Alaska Airlines Boeing, Max, Federal Aviation, Alaska Airlines, U.S . Department of Transportation, Airline, Boeing Locations: U.S, Oregon, Alaska, Margaret Burke of Pensacola , Florida, California, Pennsylvania, vacuums, Wisconsin
Periods of high inflation would offset those when inflation was low as occurred between the financial crisis and the pandemic. Those concerns may not matter anymore if the pandemic has driven inflation and interest rates chronically higher. Speaking at a Boston Fed labor market conference in November, Kohn said the new framework showed the risks of not keeping inflation at bay to begin with. "Probing" for maximum employment "can't ignore...inflation risks," Kohn said, calling for a return to a strategy disavowed in the last review. "I think preemptive tightening is best-practice central banking, and I hope they return to allowing that."
Persons: Joshua Roberts, Jerome Powell, There's, Miesha Williams, Powell, Charles Evans, Evans, Fed, Loretta Mester, Austan Goolsbee, Goolsbee, Donald Kohn, Kohn, Howard Schneider, Dan Burns, Andrea Ricci Organizations: Federal Reserve, REUTERS, Rights, U.S, Federal, Spelman College, Reuters, Chicago Fed, Chicago, Cleveland Fed, Boston Fed, Thomson Locations: Washington , U.S, Atlanta
Job seekers using free AI programs like ChatGPT are asking the programs to tailor their resumes to a specific employer and job description, write cover letters, create writing samples and provide answers on job applications, according to Gartner, a research and consulting firm. Job candidates also can use it to help prepare for interview questions, should they get to that stage. “Use AI as a tool, but don’t use it as your only tool. “AI may not be as good in highlighting transferrable skills or telling the narrative of why you want to change careers. The best and most common way people find their next job is through their network,” Haller said.
Persons: , Darci Smith, David Timis, ” Smith, Smith, Jamie Kohn, ” Kohn, you’re, You’re, Stacie Haller, Haller, , Kohn, It’s, ” Haller Organizations: New, New York CNN, Gartner, CNN, Roklyn Consulting, Google Locations: New York, Timis
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe door is still open for more rate hikes, says former Fed official Donald KohnDonald Kohn, former Fed vice chairman, joins 'Squawk on the Street' to discuss if Kohn thinks the Federal Reserve is done with rate hikes, where investors are on the 10-year yield, and more.
Persons: Donald Kohn Donald Kohn, Kohn
The sports media company Overtime boasts that 83% of its audience is under 35 years old. The media company will also get the rights to use official NFL logos and intellectual property in its content. Chief content officer Marc Kohn credits the brand's growth with Gen Z audiences to Overtime's creator network. The company expanded into live and long-form storytelling recently with its coverage of its basketball league, Overtime Elite, which streams on Prime Video. Kohn said his team has taken what Gen Z fans like on TikTok and Instagram and applied that to the broadcasts.
Persons: Marc Kohn, Kohn, who's, Blake Stuchin, Stuchin, it's Organizations: ESPN, NFL, Pro Bowl, men's, OT7, YouTube, Nickelodeon, NBA
When surveyed by the department, 45% of Ohio’s financial advisers said they were aware of a client of theirs, or a client’s family member, that was struggling with addiction. In the program, financial advisers are taught to look for certain signs. Those seeking help can input their insurance status and treatment needs to be connected programs they can more easily afford or receive financial help with. Financial advisers have had to come up with ways to combat a multitude of financial crises, like increasing cybersecurity breaches or investment fraud targeting the elderly. Lori Eisel, a financial adviser and owner of Arcadia Financial Partners, knows both sides of the struggle.
Persons: — Joe Smith, that’s, Smith, Smith’s, Olivia, don’t, , Andrea Seidt, ” Seidt, Carl Hollister, L.M, Kohn, Hollister, Lori Eisel, ” Eisel, , Joe Smith, ” Smith, He’s, __ Samantha Hendrickson Organizations: Society of Actuaries, state’s Department of Commerce, Ohio, Arcadia Financial Partners, Associated Press, America Statehouse News Initiative, America Locations: COLUMBUS , Ohio, Columbus , Ohio, Ohio, Cincinnati, stow
LONDON, Oct 10 (Reuters Breakingviews) - US policymakers underplayed the spike in consumer prices in 2021. In this Exchange podcast, Don Kohn, senior fellow at the Brookings Institution and former Fed vice chair, argues that a rule change a year earlier was a key reason why the central bank failed to lift rates faster. Listen to the podcastFollow @guerreraf72 on XSubscribe to Breakingviews’ podcasts, Viewsroom and The Exchange. Editing by Oliver TaslicOur Standards: The Thomson Reuters Trust Principles. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Don Kohn, Oliver Taslic Organizations: Reuters, Brookings Institution, Fed, Thomson
The newly-formed Sustainable Media Center is intent on stopping companies from using algorithms to push damaging information to vulnerable youths, dark things like suicide methods. Political Cartoons View All 1199 ImagesThe Sustainable Media Center is not alone in this effort. Waituntil8th.org urges parents to not give children smartphones until they reach the eighth grade, and to keep them off social media until they're at least 16. He said he hoped the group could take some dramatic action to give the social media issue greater visibility. The Sustainable Media Center is working with Columbia University to do a comprehensive review of research on the issue, Rosenbaum said.
Persons: Bradley Tusk, Steven Rosenbaum, ” Rosenbaum, Vivek Murthy, Waituntil8th.org, Josh Golin, Fairplay, ” Golin, Tusk, Leo Hindery Jr, Roger McNamee, , Eric Gertler, David Hornik, Rosenbaum, Emma Lembke, Zamaan Qureshi, Aidan Kohn, Murphy, Sen, Cory Booker, Booker, ” Tusk, he's, Gen, Golin, it's, Organizations: Sustainable Media, Venture, MTV, NYC Media, U.S, Sustainable Media Center, YES, Facebook, U.S . News, New, New Jersey Democrat, Columbia University Locations: U.S, New Jersey
Nice snatch last-gasp win over Monaco to top Ligue 1 standings
  + stars: | 2023-09-22 | by ( ) www.reuters.com   time to read: +1 min
MONACO, Sept 22 (Reuters) - Jeremie Boga's last-gasp goal salvaged a 1-0 win for Nice at AS Monaco on Friday, moving them to the top of the Ligue 1 standings. Nice moved up to 12 points, one ahead of Monaco. Stade Brestois, on 10 points, could top the standings on Saturday if they beat Olympique Lyonnais. Ivorian Boga secured the win for Nice in the 90th minute after passing several defenders before firing in a low shot to beat keeper Philipp Kohn. Monaco host Olympique de Marseille and Nice take on Stade Brestois next week.
Persons: Jeremie Boga's, Nice, Boga, Philipp Kohn, Marcin Bulka, Folarin, Janina Nuno Rios, Pritha Sarkar Organizations: MONACO, Nice, AS Monaco, Ligue, Monaco, Stade Brestois, Olympique Lyonnais, Olympique de Marseille, Thomson Locations: Mexico City, editin
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
Discovery is shaking up its ad sales organization. It's also expected to make further staff reductions in ad sales as part of the restructure. Discovery is shaking up its ad sales organization and structure. EVP Jim Keller, who was key to bringing a digital approach to the merged company's newly combined sales team, left, along with Scott Kohn, EVP of national ad sales, and John Dailey, SVP of ad sales. Based on the learnings and successes we've experienced in the past year, this morning we are announcing a new sales structure and strategy.
Persons: It's, Marybeth Strobel, Greg Regis, Regis, Strobel, Ryan Gould, Jon Diament, Sheereen Russell, WBD, Jon Steinlauf, Jim Keller, Scott Kohn, John Dailey, David Zaslav, we've, AE's, Lucia Moses, lmoses Organizations: Warner Bros, WBD, Max, CNN, NBA, NCAA, MLB, NHL
The house in Devon similarly balances crisp forms, simple materials and the occasional more luxurious touch. Their interest piqued, Pinch and Bannon went to see the place, only to be told an offer had already been accepted. But several days later they received a phone call: the farmer felt hopeful the couple would respect his vision and invited them to make a competing offer. One side would incorporate the old barn — thought to date to around 1600 and the erstwhile home of the ice cream factory — and would accommodate two bedrooms. But we like the patina and big knots, which give it such character.”
Persons: Pinch, David Kohn, Bannon, Ada, Floris, , ’ ”, Kohn, Locations: Devon, British, South London
SL Green Realty said it sold the building at 245 Park Avenue, which has 1.8 million-square-foot of office space, to a U.S. affiliate of Japanese real estate developer Mori Trust Co Ltd. Its sale represents a slight discount to the $2.21 billion that China's HNA Group paid to acquire the building in 2017 when New York City's commercial real estate market was at its peak. SL Green took control of 245 Park Avenue last year after lenders seized the building from HNA Group. Jesse Keenan, sustainable real estate professor at Tulane University, said the transaction is a speculative investment that suggests the deep downturn in the New York commercial real estate market may have bottomed out. SL Green Realty was the biggest gainer among listed REITs, leading its peers Vornado Realty Trust (VNO.N), Office Properties Income Trust (OPI.O), and Boston Properties Inc (BXP.N).
Persons: Kohn Pedersen Fox, Angelo Gordon, Jesse Keenan, Keenan, Vornado, Chibuike Oguh, Herbert Lash, Lisa Shumaker, Lance Tupper, Michelle Price Organizations: YORK, SL Green Realty Corp, Big, SL Green Realty, Mori Trust, Kohn Pedersen Fox Associates, Grand, Ares Management, Societe Generale, HNA, Green, HNA Group, Tulane University, New York, Green Realty, Vornado Realty, Income, Boston Properties Inc, Thomson Locations: New York City, U.S, Manhattan, New York
Fed Chair Jerome Powell said the rate hike pause will give officials more time to evaluate the effects rate hikes have had on the economy so far. But he left the door open for the possibility of more rate hikes at future meetings. “Every time they relaxed rates inflation would ratchet up,” said Michael Bordo, an economics professor and director of the Center for Monetary and Financial History at Rutgers University. Many economists agree the Fed is not confronting the extreme dilemma Paul Volcker faced during his time as Fed Chair from 1979 to 1987. The Fed’s pause “doesn’t necessarily have adverse implications for inflation,” he said.
Persons: Jerome Powell, ” Powell, , Michael Bordo, Paul Volcker, , Donald Kohn, Powell, Bordo, George Selgin Organizations: New, New York CNN, Federal, Center for Monetary, Rutgers University, Fed, CNN, Cato Institute Locations: New York
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed made right call on interest rate decision, says former Fed official Donald KohnDonald Kohn, former Fed vice chairman and current senior fellow at Brookings, joins 'Squawk on the Street' to discuss the Fed's decision to raise rates another 25 bps, and the Fed's regulatory focus.
The Sulacks weighed their options: Have a transplant with a match that was less than ideal – far less – or wait for gene therapy to become available. The news release didn’t say anything else about the SCID gene therapy. Or was the company abandoning its plans for SCID gene therapy altogether? In February, 2021, the parents of more than 20 children who were waiting for the gene therapy treatment, including the Sulacks, wrote a letter to Gaspar. Insurance companies have sometimes balked at paying for gene therapy, which is typically given in one treatment.
Eugene Kohn led KPF as president until 2003 and remained chairman until early this year. Eugene Kohn’s timing didn’t seem ideal when he launched a New York-based architecture firm in 1976. Mr. Kohn estimated that nearly 60% of architects in the New York area were out of work. During an economic lull, it also was easy to make appointments with people likely to need his services eventually. After a slow start, his Kohn Pedersen Fox firm established itself within two decades as a major international contender.
WASHINGTON—TikTok launched a battalion of influencers in the nation’s capital Wednesday to send a message to Congress: Banning the app would be met with widespread popular opposition. “TikTok is not a children’s dancing app,” said Aidan Kohn-Murphy, a college freshman with close to 300,000 TikTok followers and founder of the advocacy group Gen-Z for Change. “It is one of the most powerful tools that young people have to engage each other and to get civically involved.”
Allison Herren Lee served as an SEC commissioner from 2019 to 2022. Allison Herren Lee , a former commissioner of the U.S. Securities and Exchange Commission, has joined a whistleblower law firm. Ms. Lee is joining Kohn, Kohn & Colapinto LLP, a Washington-based law firm representing whistleblowers, the firm said late Wednesday. She will help represent whistleblowers, including those in cases related to securities, commodities and anti-money-laundering laws, as well as those involving problems related to environmental, social and corporate governance, according to Stephen M. Kohn, a founding partner of the law firm.
NEW YORK—On a recent chilly Sunday in Manhattan, a mob of women clad in chunky sneakers and crossbody bags gathered at the corner of Central Park West and 72nd Street. By noon, there were more than 100 of them, all braving the cold for what has become a weekly ritual. Brianna Kohn, leader of the group, stood on a bench to announce that it was time to go, and off they went: zigzagging through wooded paths, up stone stairs and over bridges, as runners, dog walkers and tourists looked on.
NEW YORK—On a recent chilly Sunday in Manhattan, a mob of women clad in chunky sneakers and crossbody bags gathered at the corner of Central Park West and 72nd Street. By noon, there were more than 100 of them, all braving the cold for what has become a weekly ritual. Brianna Kohn, leader of the group, stood on a bench to announce that it was time to go, and off they went: zigzagging through wooded paths, up stone stairs and over bridges, as runners, dog walkers and tourists looked on.
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