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☆ Supreme Court ends affirmative action in college admissions
▼ + stars: | 2023-06-29 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +7 min

The Supreme Court ruled Thursday that affirmative action in college admissions was unconstitutional. Earlier Supreme Court cases have upheld affirmative action — the practice of giving additional weight to applicants who belong to groups that have historically been the subject of discrimination — for four decades. Ever since former President Donald Trump cemented a 6-3 conservative majority on the Supreme Court, legal experts have expected the Supreme Court to do away with affirmative action altogether. Students for Fair Admissions brought two lawsuits that ended up before the Supreme Court last fall, against Harvard University and the University of North Carolina, alleging they discriminated against white and Asian-American students. Every US college and university the justices attended, save one, urged the court to preserve race-conscious admissions.

Persons: —, Robert Blum, Donald Trump, Justice Thomas Roberts, Roberts, Ketanji Brown Jackson, Sonia Sotomayer, Kevin M, Jackson, Elena Kagan, Neil Gorsuch, Kagan, Amy Coney Organizations: Harvard University, University of North, Service, Fair, Ivy League, Pacific, Associated Press, NORC, for Public Affairs Research, Pew Research Center, Harvard, — Yale, Notre Dame, Rhodes College Locations: University of North Carolina, Carolina, North Carolina, States, America, American, Pacific Islander, California , Michigan, Washington, Arizona , Florida, Georgia , Nebraska , New Hampshire, Oklahoma, California, U.S, Princeton, Columbia, Memphis , Tennessee

☆ The Little-Known Way Parents Are Beating College Tuition Hikes
▼ + stars: | 2023-06-23 | by ( Ashlea Ebeling | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/tuition-saving-private-529-plan-stanford-georgetown-princeton-2e19eca7

Persons: Dow Jones, 2e19eca7 Organizations: stanford, georgetown, princeton

☆ The Whistle Blows on Hunter Biden’s Plea Deal
▼ + stars: | 2023-06-23 | by ( Kimberley A. Strassel | ) www.wsj.com time to read: +1 min

Kimberley Strassel is a member of the editorial board for The Wall Street Journal. She writes editorials, as well as the weekly Potomac Watch political column, from her base in Alaska. Ms. Strassel joined Dow Jones & Co. in 1994, working in the news department of The Wall Street Journal Europe in Brussels, and then in London. She moved to New York in 1999 and soon thereafter joined the Journal's editorial page, working as a features editor, and then as an editorial writer. An Oregon native, Ms. Strassel earned a bachelor's degree in Public Policy and International Affairs from Princeton University.

Persons: Kimberley Strassel, Strassel Organizations: Wall Street, Potomac Watch, Dow Jones & Co, The, Street, Fox, Sunday, Press, Policy, International Affairs, Princeton University Locations: Kimberley, Alaska, Brussels, London, New York, An Oregon

☆ What is a catastrophic implosion? What to know about the Titan submersible disaster
▼ + stars: | 2023-06-23 | by ( Jessie Yeung | ) edition.cnn.com time to read: +8 min

CNN —What was supposed to be a 10-hour journey to the Titanic shipwreck ended in tragedy, with all five passengers on the missing submersible killed in a catastrophic implosion. An underwater implosion refers to the sudden inward collapse of the vessel, which would have been under immense pressure at the depths it was diving toward. It’s unclear where or how deep the Titan was when the implosion occurred, but the Titanic wreck sits nearly 13,000 feet (almost 4,000 meters) below sea level. The submersible was about 1 hour and 45 minutes into the roughly 2 hour descent when it lost contact. But the submersible had only been equipped with 96 hours of oxygen, setting Thursday as a key target to locate and retrieve the submersible.

Persons: Rick Murcar, Aileen Maria Marty, “, ” What’s, ”, Tom Maddox, It’s, OceanGate, Stockton, ” Rush, Rush, Hamish Harding, Paul, Henri “, Nargeolet, Shahzada Dawood, Suleman Dawood, Dawood Hercules, Hussain Dawood, Kulsum Dawood Organizations: CNN, US Navy, Titan, National Association of Cave, Naval, Florida International University, US Coast Guard, Forensic Investigators, Maritime Horizon Services, Maritime, Navy, OceanGate Expeditions, Stockton Rush, Princeton, United Arab Emirates, Action Aviation, Titanic Inc, French Navy, Dawood Hercules Corp Locations: Newfoundland, Canada, British, French

☆ What is OceanGate? Meet the company that made a business out of risky deep-sea tours of the Titanic shipwreck.
▼ + stars: | 2023-06-22 | by ( Grace Mayer | ) www.businessinsider.com time to read: +6 min

The company has attracted renewed scrutiny since its submersible vessel, Titan, went missing Sunday. In 2018, OceanGate faced a lawsuit from former employee David Lochridge, who said he warned about quality and safety issues related to the Titan vessel. The Titanic shipwreck expeditionsOceanGate has been conducting expeditions of the Titanic ship wreckage since 2021, according to the company's website. When reached for comment, a spokesperson for OceanGate told Insider the company was "unable to provide any additional information at this time." What is the OceanGate Titan?

Persons: OceanGate, Rush, David Pogue, David Lochridge, Pogue, Peter Girguis, Mike Reiss, Reiss Organizations: Stockton Rush, Rush, Morning, OceanGate Expeditions, Titanic, Smithsonian Magazine, Princeton University, McDonnell Douglas Corporation, University of California, The Seattle Times, Smithsonian, CBS, Titan, US Navy, BBC Locations: Everett , Washington, Pitchbook, St, John's, Newfoundland, OceanGate, Harvard

☆ A violent collision likely created the Geminids meteor shower
▼ + stars: | 2023-06-21 | by ( Ashley Strickland | ) edition.cnn.com time to read: +5 min

CNN —The Geminid meteor shower, which lights up the sky each December, is one of the most active and dependable celestial displays of the year. Now, astronomers using NASA’s Parker Solar Probe have gained more insight into the underlying cause of the Geminids. The meteor shower was first recorded in 1862 and appears to radiate from the Gemini constellation. The Geminid meteor shower streaks across the night sky over the Lhasa River in Tibet on December 14, 2022. It’s the first asteroid to be associated with a meteor shower, and it measures about 3.17 miles (5.10 kilometers) across.

Persons: NASA’s, it’s, “, ”, Jamey Szalay, Szalay, Jiang Feibo, Phaethon, Fred Whipple, Helios Organizations: CNN, Probe, NASA, Princeton University, Science, Parker, China News Service Locations: Lhasa, Tibet

☆ Stockton Rush: What we know about the Titan submersible's pilot
▼ + stars: | 2023-06-21 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

Rush has approached his dream of deep-sea exploration with child-like verve and an antipathy toward regulations — a pattern that has come into sharp relief since Sunday night, when his vessel, the Titan, went missing. But in 2004, he told Smithsonian, the dream shifted after Richard Branson launched the first commercial aircraft into space. “I had this epiphany that this was not at all what I wanted to do,” Rush told the magazine. The commercial sub industry is “obscenely safe” he told Smithsonian, “because they have all these regulations. He also asked Rush about what the vessel’s “MacGyvery” components — like the plastic PlayStation controller and LED lights that Rush bought from an RV retailer.

Persons: Jacques Cousteau, Rush, MacArthur, you’re, ” Rush, Alan Estrada, ”, Richard Branson, Kirk, OceanGate, Greg Gilbert, Estrada, “, David Lochridge, OceanGate hasn’t, David Pogue, You’re, Pogue, plumb, Nick D’Annunzio, TARA, Celina Tebor, Sam Delouya Organizations: New, New York CNN, Stockton Rush, verve, Princeton, Smithsonian Magazine, McDonnell Douglas Corporation, UC Berkeley, Smithsonian, Enterprise, OceanGate, Everett, NASA, CBS, Boeing, University of Washington, USA, Michelin Locations: New York, Seattle, Washington

☆ ‘No Hard Feelings’ Review: How Lucky Can a Nerdy Kid Get?
▼ + stars: | 2023-06-21 | by ( Glenn Kenny | ) www.nytimes.com time to read: +1 min

The premise that motors “No Hard Feelings,” a new comedy directed by Gene Stupnitsky, is, if not outright indecent, at least a little crass. Via online advertisement, Laird and Allison, megawealthy Montauk residents, are seeking an attractive woman in her early 20s to deflower their socially awkward Princeton-bound son, Percy. Taking up the offer is Jennifer Lawrence’s Maddie, a lifelong Montauker who’s increasingly resentful of the rich folk taking over her town. She’s 32 and a little too old for the gig, but she’s a knockout — as mentioned, she’s played by Lawrence — and has a canny sales pitch. Assigned to “date date” the puppy-cute but initially highly recessive 19-year-old Percy, she goes after her prey with an aggressiveness that’s initially off-putting to the lad.

Persons: Gene Stupnitsky, Laird, Allison, Percy, Jennifer Lawrence’s Maddie, who’s, she’s, Lawrence —, Maddie isn’t, that’s Locations: Montauk, Princeton

☆ Evictions are roaring back as landlords raise rent and affordable housing supply stalls
▼ + stars: | 2023-06-17 | by ( Associated Press | ) www.businessinsider.com time to read: +9 min

Eviction filings are more than 50% higher than the pre-pandemic average in some cities. After a lull during the pandemic, eviction filings by landlords have come roaring back, driven by rising rents and a long-running shortage of affordable housing. There was also $46.5 billion in federal Emergency Rental Assistance that helped tenants pay rent and funded other tenant protections. Forty of the state's 62 counties had higher eviction filings in 2022 than before the pandemic, including two where eviction filings more than doubled compared to 2019. But as protections went away, housing prices skyrocketed in Austin, Dallas and elsewhere, leading to a record 270,000 eviction filings statewide in 2022.

Persons: —, Dana Williams, Williams, De'mai Williams, it's, haven't, Daniel Grubbs, Donovan, Ayanna Pressley, Maria Jackson, Jackson, It's, Russell Weaver, Oscar Brewer, Ben Martin, Rio Yamat Organizations: Service, Princeton, Houston, Nashville, Phoenix, Income, Coalition, Rental Assistance, Democratic U.S . Rep, Ayanna Pressley of Massachusetts, Cornell University, Housing, Democrat, Income Housing Coalition, New, Philadelphia — Locations: Atlanta, New York, Las Vegas, Minneapolis, St, Paul, Rhode, Ayanna Pressley of, Rochester . In Texas, Austin, Dallas, Texas, New York City, Philadelphia, arears

☆ Why more and more colleges are closing down across the U.S.
▼ + stars: | 2023-06-17 | by ( Devan Burris | ) www.cnbc.com time to read: +2 min

The mid-2010's saw an uptick in U.S. college closures, particularly among private nonprofit schools. This trend has affected tens of thousands of college students across the country. Since 2016, 91 U.S. private colleges have closed, merged with another school, or announced plans to close, according to a CNBC analysis of data from Higher Ed Dive. About 95% of U.S. colleges rely on tuition, according to Franek, meaning they rely on money from students to operate. Watch the video above to learn what headwinds higher education is facing and hear from students affected by college closures.

Persons: Robert Franek, We'll, Fitch, Emily Wadhwani Organizations: CNBC, The Princeton

Juneteenth became an official federal holiday two years ago, but it was an unofficial holiday for many Black people before then. We should say, "We are a nation of Indigenous peoples, enslaved peoples, and immigrants." Since President Biden signed the Juneteenth National Independence Day Act into law two years ago, Juneteenth is now a federally recognized holiday. Some schools, such as Georgetown, have gone further than acknowledgement by renaming buildings that glorify slave owners and offering full scholarships to descendants of enslaved peoples. The Juneteenth National Independence Day Act is but another step towards inclusion of all peoples who made America: "We are a nation of Native peoples, enslaved peoples, and immigrants."

Persons: Juneteenth, —, Lincoln, Biden, Charles, Willa Bruce, Klansmen, Gavin Newsom, Bruce Organizations: Service, Union, Texans, Plymouth Rock, Civil, Evanston, Colleges, Ivy League, Brown, Princeton, Harvard Locations: United States, Indigenous, Texas, Plymouth, America, Manhattan, California, Evanston In Evanston , Illinois, Christian, Evanston, Amherst , Massachusetts, Amherst, Columbia, Georgetown

☆ Opinion: Why are so many Republicans running against Trump?
▼ + stars: | 2023-06-16 | by ( Julian Zelizer | ) edition.cnn.com time to read: +5 min

On Thursday, Miami Mayor Francis Suarez announced that he is running alongside 12 other Republican candidates. Unlike the crowded 1976 Democratic primaries or the 2016 Republican primaries, which turned into a WWE-style battle royal of aspiring presidents, there is a clear frontrunner this time around: Trump. And despite his invincible self-image, Republicans know that Trump can lose — he was defeated in 2020 and Republicans under his banner did poorly in the 2018 and 2022 midterms. Like President Joe Biden, Trump is relatively old for a US president, having turned 77 on Wednesday. Republicans understand that while Trump remains the leading contender, there is a desire and a need for younger leaders to step up.

Persons: Julian Zelizer, Miami Mayor Francis Suarez, Suarez, Donald Trump, Trump, Chris Christie, Never Trump, Joe Biden, ” Organizations: CNN, Princeton University, New York Times, America, Twitter, Republican, Miami Mayor, WWE, Trump, Capitol, New, New Jersey Gov, Facebook Locations: Trump, New Jersey, Cuban, Miami

June 15 (Reuters) - The U.S. Senate on Thursday narrowly confirmed civil rights lawyer Nusrat Choudhury to the U.S. District Court for the Eastern District of New York, making her the first Bangladeshi-American and female Muslim federal judge in the United States. Choudhury, the legal director of the American Civil Liberties Union (ACLU) of Illinois, was confirmed on a 50-49 vote. She will also be the first Bangladeshi-American federal judge. Biden also appointed the first Muslim judge in U.S. history, U.S. District Judge Zahid Quraishi. The Senate confirmed him to the New Jersey federal trial court in 2021.

Persons: Nusrat Choudhury, Choudhury, Joe Biden, Chuck Schumer, litigator, Biden, Zahid Quraishi, Jacqueline Thomsen, David Bario, Aurora Ellis Organizations: U.S, Senate, Eastern, of, American Civil Liberties Union, ACLU, Top, Republicans, Princeton University, Southern District of, Appeals, Thomson Locations: of New York, United States, Illinois, Southern District, Southern District of New York, New York , Connecticut, Vermont, New Jersey, Washington

☆ Opinion: This TV mom changed everything
▼ + stars: | 2023-06-14 | by ( Opinion Raakhee Mirchandani | ) edition.cnn.com time to read: +7 min

Raakhee Mirchandani Kim Lorraine PhotographyI never searched for either of us on TV. I’m grateful NHIE gave Indian moms — Brown moms, Desi moms, South Asian moms — the crown we deserve. (L to R) Poorna Jagannathan as Nalini Vishwakumar, Maitreyi Ramakrishnan as Devi in episode 410 of "Never Have I Ever." But now, among the cohort of timeless TV mothers, there’s Devi’s mom — and let me tell you: Nalini, as realized by the inimitable Jagannathan, certainly has got it going on. (And anyone with a Brown mom knows the eyes; one look is all it takes.)

Persons: Kalpana Chawla, ”, Brady, Roseanne, Angela Bower, Clair Huxtable, Aunt Viv, Raakhee Mirchandani Kim Lorraine, Desi, Vishwakumar, Poorna Jagannathan, I’m, NHIE, — Brown, Mindy Kaling, Lang Fisher, Maitreyi Ramakrishnan, Jessica Brooks, —, Brown, there’s, Devi, Nalini, wasn’t, Will, Jamie Ryan, Niecy Nash, let’s, She’s, she’s Organizations: CNN, Netflix, Princeton, Twitter, Facebook

☆ Elon Musk's war against Twitter bots isn't going very well. Next, you'll have to pay to DM those who don't follow you.
▼ + stars: | 2023-06-13 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

When Elon Musk took over Twitter, he said getting rid of spam bots was a priority. As part of this war on bots, Musk says you'll soon have to pay to DM accounts who don't follow you. Last year, Elon Musk promised "to defeat the spam bots or die trying." The Wall Street Journal reported this week that the level of bot activity on Twitter is about the same as before Musk took over. "As I've said many times, it is increasingly difficult to distinguish between AI bots," Musk added.

Persons: Elon Musk, hasn't, you'll, Musk, Jonathan Mayer, Musk's, I've, Twitter Organizations: Twitter, Street, Princeton University

☆ Signal and WhatsApp Are Among the Last Bastions of Digital Privacy - The New York Times
▼ + stars: | 2023-06-13 | by ( Julia Angwin | ) www.nytimes.com time to read: +3 min

Apple’s proposal would have downloaded onto every device a secret list of IDs corresponding to known exploitation images. It would then use an algorithm to determine whether any photos on the device were similar to those on the list. Like all matching algorithms, Apple’s system makes educated guesses based on statistical probabilities, but those guesses could be wrong. The second, and greater, problem was that scanning for one type of content opens the doors for scanning for other types of content. Do we want to start allowing the government to require companies to conduct suspicionless, warrantless searches of our messages with family, friends and co-workers?

Persons: Sarah Scheffler, Jonathan Mayer, Apple, Taylor Swift, Apple’s Organizations: Apple, Princeton Locations: India, China, Madison, United States

☆ Latest economic data 'good enough' to pause rate hikes, says Princeton's Alan Blinder
▼ + stars: | 2023-06-13 | 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 EmailLatest economic data 'good enough' to pause rate hikes, says Princeton's Alan BlinderAlan Blinder, former Federal Reserve vice chairman and Princeton University professor, joins 'Squawk on the Street' to discuss the Fed's rate hike campaign, whether the latest economic data is good enough to stop rate hikes altogether, and more.

Persons: Princeton's Alan Blinder Alan Blinder Organizations: Federal Reserve, Princeton University

☆ Why the U.S. Electric Grid Isn’t Ready for the Energy Transition
▼ + stars: | 2023-06-12 | by ( Nadja Popovich | Brad Plumer | ) www.nytimes.com time to read: +13 min

Power lines 100KV 345kV 500kV Data reflects the contiguous U.S. Power lines 100KV 345kV 500kV Data reflects the contiguous U.S. Power lines 100KV 345kV 500kV Data reflects the contiguous U.S. Power lines 100KV 345kV Data reflects the contiguous U.S. Power lines 100KV 345kV 500kV Data reflects the contiguous U.S. That makes it hard to build the long-distance power lines needed to transport wind and solar nationwide. To make the plan work, the nation would need thousands of miles of new high-voltage transmission lines — large power lines that would span multiple grid regions. Utilities are sometimes wary of long-distance transmission lines that might undercut their local monopolies. “The grid is already a critical element of our energy system,” said Matteo Muratori, an analyst at the National Renewable Energy Laboratory.

☆ LGBTQ community celebrates Pride in the face of online and offline attacks
▼ + stars: | 2023-06-11 | by ( Christina Anagnostopoulos | ) www.reuters.com time to read: +5 min

[1/5] Parents and pro-LGBT counter protesters face off outside of an elementary school over a Pride Day assembly in Los Angeles, California, U.S., June 2, 2023. REUTERS/David SwansonJune 11 (Reuters) - Millions of LGBTQ Americans are taking part in this year’s Pride celebrations against a backdrop of increasing attacks, both online and offline. LGBTQ advocacy organization GLAAD has already recorded eight instances of 2023 Pride events that had to modify their plans due to threats of violence by June 1, said spokesperson Angela Dallara. Online, slurs like “groomer” – a trope that LGBTQ people are “child groomers” or pedophiles – have traveled from the fringe into mainstream discourse. “An event, like the ‘Don’t Say Gay bill,’ can increase the online chatter.

Persons: David Swanson, Jay Ulfelder, Jen Kuhn, Angela Dallara, Ron DeSantis’s, groomers ”, –, Ilan Meyer, Joel Day, Kimberly Balsam, Brigitte Bandit, she’s, “ They’re, I’m, ”, we’re, Pride, Christina Anagnostopoulos, Claudia Parsons Organizations: Pride, REUTERS, Reuters, Harvard University, GLAAD, FBI, ACLU, Republican, Center, UCLA, Princeton University, Palo Alto University, Thomson Locations: Los Angeles , California, U.S, Columbus , Ohio, Florida, Glendale , California, Austin , Texas, New York City

☆ How to Arrest the Government
▼ + stars: | 2023-06-11 | by ( Kimberley A. Strassel | ) www.wsj.com time to read: +1 min

☆ The GOP Gets to Vote Harvesting
▼ + stars: | 2023-06-09 | by ( Kimberley A. Strassel | ) www.wsj.com time to read: +1 min

☆ Who is Hafize Gaye Erkan, Turkey's first female central bank chief?
▼ + stars: | 2023-06-09 | by ( Karin Strohecker | ) www.reuters.com time to read: +2 min

LONDON, June 9 (Reuters) - Turkey's new central bank governor Hafize Gaye Erkan faces the tough task of alleviating a bruising cost-of-living crisis while hoping to restore investor confidence at home and abroad after years of unorthodox policymaking. Appointed on Friday, the 43-year old is the first woman at the helm of the country's central bank, taking over from Sahap Kavcioglu, who spearheaded President Tayyip Erdogan's rate-cutting drive against a backdrop of soaring inflation. Her new role makes her one of only around a dozen women currently serving as central bank governors around the world, including the likes of ECB President Christine Lagarde, Russian Central Bank Governor Elvira Nabiullina and Serbia's Jorgovanka Tabakovic. Having spent all of her professional life outside Turkey, Erkan has no formal central banking experience, making her leanings for monetary policy unclear. Kathryn Wylde, president and CEO of Partnership for New York City, a nonprofit organization where Erkan once served as a board director, says Erkan was seen as "tough, smart, and effective."

Persons: Hafize Gaye Erkan, Sahap Kavcioglu, Tayyip Erdogan's, Christine Lagarde, Russian Central Bank Governor Elvira Nabiullina, Erkan, Goldman Sachs, Mark Carney, Mario Draghi, William Dudley, Goldman, Marsh McLennan, Kathryn Wylde, Wylde, Karin Strohecker, Jonathan Spicer, Hugh Lawson Organizations: Russian Central Bank Governor, Bogazici University, Harvard Business School's, Management, Research, Financial Engineering, Princeton University, Bank of Canada, Bank of England, New York Fed, First Republic Bank, Banking, Finance, New, Thomson Locations: Sahap, Istanbul, Turkey, New York City

☆ Opinion: Trump’s federal charges put GOP’s ‘law and order’ image to the test
▼ + stars: | 2023-06-09 | by ( Julian Zelizer | ) edition.cnn.com time to read: +6 min

CNN —Next year will mark 50 years since President Richard Nixon resigned as a result of the Watergate scandal. The fact is that almost all of the serious Republican contenders were complicit in helping Trump at one point or another. The most important factor remains the intense partisanship that we see within the Republican Party. This intense partisanship also gave rise to an extreme theory of presidential power that has taken hold since Ronald Reagan was president. All of these factors have converged to allow Trump to remain the most powerful Republican in the room.

Persons: Julian Zelizer, Richard Nixon, Mike Pence, “, Donald Trump, Pence, Chris Christie, Trump, Nikki Haley, Sen, Tim Scott, acquit Trump, Ron DeSantis, – Trump, it’s, Ronald Reagan, —, Reagan, Viktor Orban, strongmen, It’s, — it’s Organizations: CNN, Princeton University, New York Times, America, Twitter, GOP, Republican, Trump, Former New Jersey Gov, Former South Carolina Gov, Florida Gov, Republican Party, Justice and Homeland Security, Republicans, Facebook, Hungarian Locations: Former, Florida, Trump

☆ Turkey's Erdogan appoints a former Goldman executive as its new central bank chief
▼ + stars: | 2023-06-09 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

Exterior of the Turkish Central Bank, known as Turkiye Cumhuriyet Merkez Bankasi in Ankara. Turkey's President Recep Tayyip Erdogan has appointed a former Wall Street banker Hafize Gaye Erkan as the country's new central bank governor — another move that could potentially mark a policy pivot away from economic unorthodoxy. Erkan, Turkey's first female central bank chief, was a former managing director at Goldman Sachs and co-CEO at First Republic Bank. She is also Turkey's fifth central bank governor in four years. The caveat would lie in how much autonomy the central bank could exercise, and to what extent —something that Demiralp says investors will have to wait and see.

Persons: Recep Tayyip Erdogan, Hafize Gaye Erkan, —, Turkey's, Goldman Sachs, Mehmet Simsek's, Selva Demiralp, Demiralp Organizations: Turkish Central Bank, Wall Street, First Republic Bank, Princeton, Koç University, CNBC Locations: Ankara, U.S, Istanbul

The central bank's first female governor, Erkan is also its fifth chief in four years, underlining the challenge she may face delivering a lasting policy turnaround after Erdogan has all but stamped out the bank's independence in recent years. Analysts now expect Turkey's central bank to hike interest rates to between 20% and 25% from 8.5% as soon as this month. ORTHODOX FINANCE MINISTERErdogan, a self-proclaimed "enemy" of interest rates, has pressed the central bank to deliver stimulus in recent years and has been quick to replace its governor. The central bank slashed its policy rate to 8.5% from 19% in 2021, leaving real rates deeply negative and the lira largely managed by dozens of regulations covering credit and foreign exchange. But the last central bank governor to raise rates, Naci Agbal, was fired in 2021 after less than five months on the job.

Persons: Tayyip Erdogan, Hafize Gaye Erkan, Goldman Sachs, Erdogan's, Erdogan, Kavcioglu, Selva Demiralp, Mehmet Simsek, Simsek, Erkan, Naci Agbal, Marsh, Kathryn Wylde, Wylde, Ali Kucukgocment, Jonathan Spicer, Daren Butler, Cynthia Osterman, Hugh Lawson Organizations: Lira, First Republic Bank, Official Gazette, Koc University, U.S . Federal Reserve, Princeton University, First, JPMorgan, Analysts, FINANCE, Greystone, Partnership, New, Thomson Locations: ISTANBUL, United States, unorthodoxy, Erkan, U.S, New York City

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