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☆ Miami's population declined for the first time since the 1970s. Home prices are up 53% in the past three years.
▼ + stars: | 2023-08-01 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Miami-Dade County's population shrank between 2019 and 2022 — its first population loss since 1970. Between 2020 and 2022, almost 80,000 people left Miami-Dade county for other areas. Despite Florida's boom, which helped it become the fastest-growing state between 2021 and 2022, Miami-Dade County has been losing more residents than it's been gaining in recent years. Home prices in Miami have surged 53% since June 2020, the Journal reported, citing data from Zillow. The median home value for Miami-Dade County as a whole is now close to $490,000, up around 7% over the past year, according to Zillow.

Persons: it's, Louis Organizations: Miami, Dade, Service, Street Journal, Federal Reserve Bank of St, Brookings Institution, Census, Joint Center for Housing Studies, Harvard University, U.S . Census Bureau, Journal, Jacksonville — Locations: Miami, Wall, Silicon, Dade County, Florida, U.S, Ocala, Orlando, Tampa, Atlanta, Zillow

☆ Instant View: Fitch downgrades U.S. foreign currency ratings to 'AA+' from 'AAA'
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +9 min

The downgrade follows a debt ceiling agreement in June that came after months of political brinkmanship and ultimately lifted the government's $31.4 trillion debt ceiling. Unless they think that fiscal trajectory suggests risk of a default, which I don't think they say, I don't understand the reason for this." “So I don't think the reaction, it should surprise anyone in the markets because we've been through this before. JACK ABLIN, CHIEF INVESTMENT OFFICER, CRESSET WEALTH ADVISORS IN PALM BEACH, FLORIDA"I'm surprised, but I'm not surprised." "It's really the just the troubled negotiations that take place every time we have a debt ceiling or budget negotiation.

Persons: Thomas White, Fitch, STEVEN RICCHIUTO, ” WENDY EDELBERG, I'm, JASON WARE, Fiitch, MICHAEL O’ROURKE, “, ” BERNARD BAUMOHL, Poor’s, ” MICHAEL SCHULMAN, ANGELO KOURKAFAS, EDWARD JONES, ”, MICHAEL K, FARR, That’s, ” KEITH LERNER, ” “ It’s, ERIC WINOGRAD, ALLIANCEBERNSTEIN, QUINCY KROSBY, doesn't, JACK ABLIN, it's Organizations: REUTERS, United, AAA, USA, ., OF, HAMILTON PROJECT, BROOKINGS, WASHINGTON D.C, ALBION, Fitch, AA, PRINCETON, NEW, ST LOUIS, MILLER & WASHINGTON LLC, ADVISORY, Global Finance, Markets, Thomson Locations: United States, U.S, MIZUHO, WASHINGTON, CITY , UTAH, STAMFORD , CONNECTICUT, NEW JERSEY, ATLANTA, CHARLOTTE, NORTH CAROLINA, BEACH , FLORIDA

☆ I'm not ready to declare victory on a soft landing yet, says Brookings Institution's Louise Sheiner
▼ + stars: | 2023-08-01 | 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 EmailI'm not ready to declare victory on a soft landing yet, says Brookings Institution's Louise SheinerLouise Sheiner, Brookings Institution senior fellow and policy director of the Hutchins Center on Fiscal and Monetary Policy, joins 'Squawk Box' to discuss the Fed's inflation fight, why it's still too soon to declare victory on a soft landing, and more.

Persons: Brookings, Louise Sheiner Louise Sheiner, it's Organizations: Brookings Institution, Hutchins, Monetary

☆ Niger response: 'Washington has to thread a very difficult needle'
▼ + stars: | 2023-07-28 | by ( Jennifer Hansler | ) edition.cnn.com time to read: +9 min

CNN —The United States and its Western allies are faced with a difficult conundrum as they navigate potential responses to the military takeover in Niger if democratic rule is not restored. Experts told CNN that punitive measures could push Niger toward Russian mercenary groups like Wagner and away from its partners in the West. US officials have said there are no indications that the organization was involved in the military takeover. We don’t really know who this new general is” who has seized power, she told CNN. Felbab-Brown told CNN that Prigozhin is trying to “personally” take advantage, given his “precarious” place following his failed revolt.

Persons: Biden, Vedant Patel, John Kirby, Wagner, Yevgeny Prigozhin, ”, Cameron Hudson, ‘, Antony Blinken, Vanda Felbab, Brown, Bob Menendez, Jim Risch, Kirby, Mohamed Bazoum, Gen, Abdourahamane Tiani, Bazoum, “, ” Hudson, Kamissa Camara, Camara, Ibrahim Boubacar Keïta, We’re, ” Prigozhin, Vladimir Putin, “ It’s, Prigozhin, Putin, shouldn’t, ” Kirby, Blinken, United Nations Linda Thomas, Greenfield, Kamala Harris, Bola Tinubu, African Affairs Molly Phee, Hassoumi Massoudou, Mahamadou Issoufou “, Patel Organizations: CNN, US State Department, Nigerien, State Department, National Security Council, Experts, Center for Strategic, International Studies, Central African, West, Brookings, Senate Foreign Relations, Democratic, US Institute of Peace, Russian Foreign Ministry, African Union, Economic, West African States, United Nations, African Affairs, Nigerien Foreign, ” State Department Locations: United States, Niger, Russian, Africa, “ Washington, Sahel, Mali, Burkina Faso, Central African Republic, Niamey, “, Hudson, Russia, St . Petersburg, Moscow, Sudan, New Zealand, Nigeria

☆ How Russia's war has reshaped Ukraine's economy
▼ + stars: | 2023-07-28 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

Ukraine's economy faces difficulties ranging from inflation to trade struggles due to war with Russia. Central bank data cited by The Brookings Institution show how Ukraine's trade deficit has expanded since the war started. Meanwhile, war-time government spending has far outpaced revenue, which has hamstrung Ukraine's ability to fund its economy. Ukraine inflation is easing amid war. “Consumer Price Indices,” National Bank of Ukraine, Brookings.

Persons: Vladimir Putin, It's, David Wessel, " Wessel, Wessel, Yuriy Heletiy, Sergiy Nikolaychuk, Putin Organizations: Service, Brookings Institution, National Bank of, Brookings, National Bank of Ukraine, The, Brookings . U.S, Ukraine Brookings, Kiel Institute, ” National Bank of Ukraine, Bloomberg, Ukrainian Locations: Russia, Central, Ukraine, Wall, Silicon, Brookings, National Bank of Ukraine, Odesa, Europe, United Kingdom, Ukrainian

☆ Black homeowners' properties are chronically undervalued by appraisers. A new immersive technology promises to change that.
▼ + stars: | 2023-07-27 | by ( Stephanie Hallett | ) www.businessinsider.com time to read: +8 min

Experts say bias in the appraisal process is the reason for the gap, but change may be coming. That's not surprising, considering 95% of appraisers in Philadelphia — a majority nonwhite city — are white, a report by the Philadelphia Home Appraisal Bias Task Force found. "It's like a flight simulator for appraisers," Swinney said. Right now, Pennsylvania is among the 42 states that have signaled PAREA is an acceptable model for training appraisers. As a City Council member, she formed the Home Appraisal Bias Task Force, which produced a report with recommendations for and data on appraisal bias in the city.

Persons: Deborah Spence, Laura Eaton, Philadelphia Spence, That's, Brad Swinney, Swinney, you've, they're, Appraisers, Cherelle Parker, Philadelphia's, she's, Parker, Spence, we've, We've Organizations: Service, —, Brookings, Federal Reserve Bank of, Data USA, Pennsylvania Department, State, Democratic, Council, Force Locations: Pennsylvania, Wall, Silicon, Philadelphia, Federal Reserve Bank of Minneapolis, America, appraisers, Philly

☆ Merit Means More Than Grades and Tests
▼ + stars: | 2023-07-26 | 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

☆ AI is kicking off a new kind of tech hiring boom — but only in certain cities
▼ + stars: | 2023-07-26 | by ( Jacob Zinkula | Madison Hoff | ) www.businessinsider.com time to read: +6 min

A new wave of generative AI jobs could follow the same pattern, per a Brookings Institution report. Nearly half of the new US generative AI job postings in May came from one of six metro areas. In May, 25% of new generative AI job postings — which contained terms like "ChatGPT" or "generative AI" — were posted in the Bay Area (San Francisco and San Jose). In the below chart, "early adopters" refers to the 13 aforementioned metros, excluding the Bay Area metros. Brookings' Muro said that he expects many generative AI jobs to be in-person some or all of the time.

Persons: ChatGPT, —, Santa Barbara, Mark Muro, Muro, Sam Altman, Brookings Organizations: Brookings Institution, Service, Bay Area, —, Google Locations: Wall, Silicon, Lightcast, Bay, San Francisco, San Jose, New York City, Los Angeles, Boston, Seattle, Washington, DC, San Diego, Austin, Raleigh, Boulder, Lincoln, Santa Cruz, Santa Maria, Santa, Santa Fe, Brookings, — San Francisco

☆ 1 in 5 young people in China can't find a job – and that's a big problem for Xi Jinping
▼ + stars: | 2023-07-23 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

China's economy is facing perhaps its biggest challenges since a manufacturing boom sent its economy into overdrive in the last couple of decades. It's comparable to the economy young people in the US faced as they left college in the depth of the financial crisis in 2008/9. While things should get better if the economy rebounds, there's a more existential issue facing China's young people. Yet economic instability among China's young threatens to give him an unwanted headache nonetheless. There are wider existential issues facing young employees the world over, with the AI boom forcing many to completely reassess their skillset and career aspirations.

Persons: Xi Jinping, David Dollar, disenfranchisement, Xi Organizations: Service, Privacy, Reuters, Brookings Institute Locations: China, Wall, Silicon

☆ Prigozhin's uprising failed, but it triggered China's 'psychology about warlords,' top White House official says
▼ + stars: | 2023-07-21 | by ( Christopher Woody | ) www.businessinsider.com time to read: +7 min

A brief, failed revolt by Russian mercenaries in June raised doubts about Putin's hold on power. It also worried officials in China, which has its own history with "warlords," a US official said. They were unnerved by what happened two weekends ago in Moscow," Campbell said in an interview with The Wire China published on July 16, after several senior US officials visited China. China presented a peace plan in April — shortly after President Xi Jinping visited Moscow — that was widely seen as vague and self-interested. Putin and Xi have been a driving force behind the strengthening of Sino-Russian relations over the past 15 years.

Persons: Yevgeny Prigozhin's, Vladimir Putin's, Putin, Prigozhin, Kurt Campbell, Campbell, Xi Jinping, Wagner, We've, Putin Putin, SERGEI GUNEYEV, Yu Sui, Joseph Torigian, China's, Torigian, Xi, Ryan Haas, PAVEL BYRKIN, Haas, Obama, Mark Galeotti, Galeotti Organizations: Service, Pacific Affairs, White House National Security Council, China, Wagner Group, REUTERS, Kremlin, SPUTNIK, Getty, Chinese Communist Party tabloid Global Times, Communist, Central Propaganda Department, China Center, Contemporary World, American University, Brookings Institution, The New York Times, Getty Images, National Security Locations: Russian, China, Russia, Wall, Silicon, Moscow, Ukraine, —, Rostov, Beijing, lockstep, Getty Images Beijing

☆ Best Place for A.I. Jobs (New Report Says) Won’t Surprise You
▼ + stars: | 2023-07-20 | by ( Steve Lohr | More About Steve Lohr | ) www.nytimes.com time to read: 1 min

The San Francisco Bay Area has ruled the technology industry for decades, from the early days of personal computers to the social media boom. The report, which the Washington think tank released on Thursday, said generative A.I. And the winners, so far, are San Francisco and San Jose, Calif. While that may not be surprising, the Brookings report may help to dispel the notion that smaller tech hubs like Austin, Texas, or Miami will be home to the next generation of big tech companies. If anything, it suggests the Bay Area’s hold on the tech industry could grow stronger.

Organizations: Brookings Institution Locations: San Francisco Bay, Washington, Francisco, San Jose, Calif, Brookings, Austin , Texas, Miami

☆ Senators propose new bipartisan ban on stock ownership
▼ + stars: | 2023-07-19 | 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 EmailSenators propose new bipartisan ban on stock ownershipBrookings’ Aaron Klein and Center for Freedom’s Dan Mitchell, join 'Power Lunch' to discuss the push to ban congressional stock trading.

Persons: Aaron Klein, Freedom’s Dan Mitchell Organizations: Brookings, Center, Freedom’s

He said in the statement released by the St. Louis Fed that the regional bank "is well-positioned for ongoing success and impact." The St. Louis Fed said Kathleen O'Neill Paese, the regional bank's first vice president and chief operating officer, will act as interim president. The regional bank said its search committee will look nationally for a new leader, noting that its search will be "robust, transparent, fair and inclusive." While they operate under the oversight of the Board of Governors in Washington, regional Fed banks are quasi-private institutions technically owned by member banks. With Bullard's exit, there will be two unfilled regional Fed bank slots.

Persons: James Bullard, Bullard, Louis Fed, Mitchell, Daniels, Jr, doesn't, Tim Duy, Duy, Derek Tang, LH Meyers, Wrightson ICAP, Kathleen Bostjancic, Kathleen O'Neill Paese, Louis Fed's, Esther George, Michael S, Ann Saphir, Chizu Nomiyama, Paul Simao Organizations: Louis Federal Reserve, U.S, Purdue, St, School of Business, Federal, Macro, Fed, Purdue University, Minneapolis Fed, Nationwide, Brookings Institution, Governors, Kansas City Fed, Derby, Thomson Locations: Indiana, St, Washington

☆ Could Tim Scott Pull an Upset?
▼ + stars: | 2023-07-12 | by ( William A. Galston | ) www.wsj.com time to read: +1 min

☆ Inflation just fell when rate hikes were paused. So why should the Fed keep hiking?
▼ + stars: | 2023-07-12 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +3 min

But last month’s inflation report was an outlier — for the first time, the declines weren’t immediately preceded by a rate hike from the Federal Reserve. One month doesn’t dictate a trendFed Chair Jerome Powell has said it time and time again: One month’s data is not indicative of a trend. Powell repeatedly stresses that the Fed takes a data-dependent approach to interest rate decisions. In Schoenholtz’s view, the Fed should continue to hike interest rates even though inflation slowed down sharply in June despite the central bank holding rates steady. If the Fed waits too long to raise interest rates, it could risk its credibility, leading to a persistently higher price level that’s harder for the Fed to crack down on.

Persons: weren’t, Jerome Powell, ”, Kermit Schoenholtz, Powell, “, Wendy Edelberg, they’ve Organizations: New, New York CNN, Labor Department, Federal, CPI, Kermit Schoenholtz , New York University, Citigroup, Fed, Hamilton Project, Brookings Institution, CNN Locations: New York, Kermit Schoenholtz , New

☆ How AI’s astonishing productivity gains could help curb inflation
▼ + stars: | 2023-07-12 | by ( Hanna Ziady | ) edition.cnn.com time to read: +7 min

Experts say the technology will help address a steep and prolonged slowdown in productivity growth in many Western economies, which has kept businesses’ costs higher than they would otherwise be and made inflation harder to tame. “AI has huge potential to increase productivity,” BlackRock CEO Larry Fink said at the company’s Investor Day last month. Productivity gains in Europe could be similar, albeit slightly smaller, Brynjolfsson told CNN. In some cases, productivity gains could be achieved sooner. That’s because most generative AI tools live on the internet — “the technology we already have on our desks” — making them widely accessible, Brynjolfsson said.

Persons: chatbot, —, Smart, Hannes P Albert, Bill Gates, Larry Fink, Erik Brynjolfsson, ” David McMillan, ” McMillan, Hollie Adams, Neil Shearing, Martin Neil Baily, Anton Korinek, Brynjolfsson, Goldman Sachs, ” Organizations: London CNN, Microsoft, BlackRock, CNN, Stanford University, Organisation for Economic Cooperation, Development, OECD, University of Stirling, Bloomberg, Getty, “, National Statistics, IBM, Capital, Brookings Institute, University of Virginia’s Darden School of Business, America, Productivity, Google, SAP, Goldman Locations: East, Scotland, London, United Kingdom, United States, Europe, Wimbledon

☆ Tax prep companies shared private taxpayer data with Google and Meta for years, congressional probe finds
▼ + stars: | 2023-07-12 | by ( Brian Fung | ) edition.cnn.com time to read: +10 min

Some of the tax-prep companies still do not know whether the data they shared continues to be held by the tech platforms, the report said. The Warren aide told CNN it was unclear whether Meta knew it was inappropriately using taxpayer data at the time. The investigation found that all three tax-prep companies had discontinued their use of Meta’s pixel after The Markup’s report last November. “The scope of ‘taxpayer information’ is broad by design,” Rosenthal said, adding that tax-prep companies can be sued for “knowingly” or “recklessly” leaking that information. Depending on the strength of the allegations, the tax-prep companies could quickly be forced into a binding settlement, said a former FTC official who requested anonymity in order to speak more freely.

Persons: “, ”, David Vladeck, Vladeck, Democratic Sen, Elizabeth Warren, Meta, Warren, ‘, Sens, Ron Wyden, Richard Blumenthal, Tammy Duckworth, Sheldon Whitehouse, Sen, Bernie Sanders, Katie Porter, TIGTA didn’t, Block, TaxSlayer didn’t, TaxAct, TaxSlayer, TurboTax, Steven Rosenthal, ” Rosenthal Organizations: CNN, Meta, Google, Georgetown University, Federal Trade Commission, Democratic, FTC, Internal Revenue Service, Justice Department, Tax Administration, Intuit, IRS, Urban, Brookings Tax Locations: United States, Google’s

☆ Opinion | Colleges Can Do a Lot for Social Mobility Right Now
▼ + stars: | 2023-07-12 | by ( Jessica Grose | ) www.nytimes.com time to read: +2 min

As Katharine Meyer, a fellow in the Brown Center on Education Policy at the Brookings Institution, has written: “Overall enrollment is down, especially at community colleges. There are more ‘stopped out’ students — students who left college with some credits but no degree. Restore Funding That Was Cut After the Great RecessionIt sounds obvious, but if we want a more effective system of higher education, that requires money. According to analysis from the National Education Association, “In 2020, it looked like things were slowly improving, but then the pandemic hit. found that “32 states spent less on public colleges and universities in 2020 than in 2008, with an average decline of nearly $1,500 per student.”

Persons: Josh Wyner, Katharine Meyer, ” Organizations: Aspen Institute’s, Community, Brown Center, Education, Brookings Institution, Budget, National Education Association, “ Locations: United States

☆ Turkey extracted a slew of concessions for letting Sweden join NATO, including coveted F-16 fighter jets from the US
▼ + stars: | 2023-07-11 | by ( Tom Porter | ) www.businessinsider.com time to read: +4 min

Turkey's president on Tuesday agreed to back Sweden's NATO membership. Hours later, the US said it would move ahead with the transfer of F-16 fighter jets to Turkey. Sweden sought NATO membership in the wake of Russia's war on Ukraine. Turkey's president, Recep Tayyp Erdogan, drove a hard bargain in making his U-turn, and was seemingly rewarded with coveted F-16 fighter jets from the US. Erdogan has also attempted to use the NATO impasse to renew a push for Turkey's membership of the EU.

Persons: Recep Tayyp Erdogan, Jens Stoltenberg, Jake Sullivan, Erdogan, It's, Vladimir Putin, Rich Outzen Organizations: NATO, Service, NATO Allies, US, Brookings Institution, Washington Post, BBC, Erdogan's, Atlantic Council, Turkish Locations: Turkey, Sweden, Ukraine, Wall, Silicon, Vilnius, Lithuania, Baltic, Ankara, Washington, United States, Russia, Stockholm, EU

The 2-year Treasury yield was down by more than 1 basis point at 4.847%. U.S. Treasury yields declined Tuesday as investors assessed what could be next for Federal Reserve monetary policy following remarks from central bank officials and ahead of key economic data. Investors considered the Federal Reserve's next interest rate policy moves ahead of key inflation data due this week and the central bank's upcoming meeting on July 25-26. Investors are also looking out for several major economic data points scheduled for this week, including the latest consumer inflation figures on Wednesday and wholesale inflation on Thursday. No key data is expected on Tuesday.

Persons: Mary Daly, Jerome Powell, CME's Organizations: Treasury, U.S, Federal Reserve, Investors, Federal, San Francisco Fed, Institution

The Fed has raised interest rates by 5 percentage points since March 2022 to bring down the highest U.S. inflation in four decades. "We may end up doing less because we need to do less; we may end up doing just that; we could end up doing more. Fed policymakers are widely expected to deliver a rate hike at their meeting later this month, a move that would bring the policy rate to the 5.25%-5.50% range. That could buttress the case that price pressures are weakening, which in turn could take some pressure off the central bank to hike rates again. Atlanta Fed President Raphael Bostic, speaking at yet another event on Monday, repeated his view that the Fed can be "patient" on rates and allow restrictive policy to bring down inflation without further action by the central bank.

Persons: Mary Daly, Daly, Jerome Powell, Ann Saphir, Michael Barr, Raphael Bostic, Loretta Mester, Mester, Dan Burns, Howard Schneider, Paul Simao Organizations: Federal Reserve, San Francisco Fed, Brookings Institution, San Francisco Federal, REUTERS, New York Fed, Atlanta Fed, Cleveland Fed, Thomson Locations: U.S, San Francisco , California

☆ Bearer of rare 'One Ring' card from 'Lord of the Rings' lore could fetch $2 million and face hefty tax bill
▼ + stars: | 2023-07-10 | by ( Greg Iacurci | ) www.cnbc.com time to read: +6 min

And the ring bearer — if they choose to sell the "precious" — may owe a hefty tax bill on the profits. Marta Iwanek | Toronto Star | Getty ImagesThe Canadian who acquired The One Ring card would most likely pay tax on half their profits. If The One Ring card were sold for 2 million euros — which appears to be the current top bid — then 1 million euros (about CA$1.46 million) would be taxable. Total Canadian tax bill is 'subjective'But what's Canada's tax rate on the profits? (In reality, the effective tax rate would be slightly lower since Canada's income tax system is progressive, as in the U.S., experts said.

Persons: Elijah Wood, Frodo, Misty, Sauron, Mount Doom, —, Roger Perzan, Marta Iwanek, Plaskett, Howard Gleckman, it's, Scott Plaskett, John Oakey, Oakey, Sir Ian McKellen, Gandalf Organizations: Coast LLC, Canadian, Toronto Star, Getty, Urban, Brookings Tax Policy Center, Total Canadian, Chartered Professional Accountants Canada, Canada Revenue Agency Locations: Rivendell, Toronto, Canada, U.S, Ontario, Scott Plaskett Toronto

☆ San Francisco Fed president: Silicon Valley Bank’s failure wasn’t our fault
▼ + stars: | 2023-07-10 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

Washington, DC CNN —Silicon Valley Bank failed because regulators were far too slow to take action, San Francisco Federal Reserve Bank President Mary Daly said Monday in her first extended remarks about the collapse. SVB operated in Daly’s district before the regional bank’s stunningly rapid failure in March, but she noted she doesn’t have a supervising role. Daly said the supervisors at the San Francisco Fed simply report issues to the Fed’s Board of Governors, which is ultimately responsible for fixing any regulatory issues. “My job is to support the supervision that the vice chair of supervision has set out, so how do I do that? The possibility of a rate hike in September remains unclear, though Powell said he wouldn’t take consecutive rate hikes off the table.

Persons: Mary Daly, SVB, ” Daly, Michael Barr, Democratic Sen, Elizabeth Warren, Daly, Jerome Powell, Warren, ”, Barr, it’s, It’s, Powell, Loretta Mester, Mester, “, Raphael Bostic, ” Bostic, ” — CNN’s Elisabeth Buchwald Organizations: DC CNN, Valley Bank, San Francisco Federal Reserve Bank, Brookings Institution, Signature Bank, First Republic Bank, Democratic, San Francisco Fed, Fed’s, of Governors, Fed, San Francisco, Cleveland Fed, University of California, Atlanta Fed, trickling, Cobb County Chamber of Commerce Locations: Washington, Daly’s district, Washington ,, San Francisco Fed, San Diego, Cobb County, Atlanta

☆ U.S. and China preparing for long term strategic competition, says TD Cowen's Roman Schweizer
▼ + stars: | 2023-07-07 | 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 EmailU.S. and China preparing for long term strategic competition, says TD Cowen's Roman SchweizerRoman Schweizer, aerospace and defense policy analyst at TD Cowen & Co, and Michael O’Hanlon, senior fellow at Brookings Institution, join 'The Exchange' to discuss Janet Yellen's trip to China, U.S. and China's economic relationship going forward, and the effort to ease international tensions.

Persons: Roman Schweizer Roman Schweizer, Michael O’Hanlon, Janet Yellen's Organizations: U.S, Cowen & Co, Brookings Institution Locations: China, U.S

July 6 (Reuters) - A federal judge's order restricting Biden administration officials from contacting social media companies about moderating their content will face tough legal challenges on appeal, experts said. The Biden administration on Wednesday filed a notice with the New Orleans-based 5th U.S. THREAT OF HARMThe Biden administration has argued that there was no threat of harm because the lawsuit challenged communications that ended more than a year ago. It also said that while it urged social media companies to stop the spread of dangerous misinformation, the companies themselves - including Facebook and Instagram parent Meta Platforms Inc (META.O), YouTube owner Alphabet Inc (GOOGL.O) and Twitter Inc - ultimately made their own decisions. Burt Neuborne, a professor at New York University School of Law, was more skeptical of the free speech claims.

Persons: Terry Doughty, Biden, Jonathan Turley, Doughty's, Doughty, Jameel Jaffer, Jaffer, Mark MacCarthy, Burt Neuborne, I'm, You'd, Donald Trump, Joe Biden, Brendan Pierson, Andrew Goudsward, Kanishka Singh, Alexia Garamfalvi, Leslie Adler Organizations: Biden, U.S, District, New, Circuit, Appeals, George Washington University Law School, Department of Health, Human Services, Facebook, Inc, Twitter Inc, Meta, Columbia University, Brookings Institution, New York University School of Law, Republican, Democrat, Thomson Locations: Louisiana, New Orleans, Missouri, U.S, New York, Washington

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