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The U.S. national debt is sitting at nearly $33 trillion dollars. "The public debt has always been used for emergencies. The national debt increased by more than 89% since the beginning of the pandemic, with many top economists in agreement that 2020 was not the time to worry about the debt. Servicing the debt can become difficult when interest rates are higher. The Federal Reserve has been increasing interest rates since March 2022 with the goal of slowing down economic activity.
Persons: Kris Mitchener, William Gale, Michael Peterson, Peter G, Lori Esposito, Murray, Stephanie Kelton Organizations: U.S, Leavey School of Business, Santa Clara University, Brookings Institution, Peterson Foundation, Economic Develop, Conference Board, Economic Development, The Conference Board, Federal Reserve, Stony Brook University Locations: U.S
September 9 - Despite having a potential 12-year, $315 million deal with the Mets unravel last winter because of concerns over his physical, Minnesota shortstop Carlos Correa maintains he wasn't looking forward to this weekend's series against New York all year. "I just saw we were playing the Mets the other day when we were playing in Cleveland, and I checked the calendar to see who we were playing at home and it was the Mets and the Rays," Correa said. Correa, who eventually signed a six-year, $200 million deal with Minnesota on Jan. 10, homered and doubled to lead the American League Central-leading Twins to a 5-2 victory over the Mets on Friday in the series opener at Minneapolis. (The deal with the Mets) didn't come to fruition and I moved on. Now I'm here with the Minnesota Twins.
Persons: Carlos Correa, " Correa, It's, Correa, Kenta Maeda, David Peterson, Maeda, hasn't, Peterson, didn't, I'm, Royce Lewis, Lewis, Rocco Baldelli, He's, Francisco Lindor, Dallas Keuchel, Senga, Buck Showalter Organizations: Mets, New, Rays, Minnesota, American League Central, Minneapolis, Cleveland Guardians, New York, Los Angeles Dodgers, Minnesota Twins, Cleveland, Dallas, Thomson Locations: Minnesota, New York, Cleveland, Minneapolis . Minnesota, Central, New, York
Other countries that Vietnam has extended this designation to include China and Russia. Giving the U.S. the same status suggests that Vietnam wants to hedge its friendships as U.S. and European companies are looking for alternatives to Chinese factories. “We find ourselves in a situation where all of these changes around the world are taking place,” Biden explained about the Vietnam trip last month. "We have an opportunity, if we’re smart, to change the dynamic.”Political Cartoons View All 1148 ImagesU.S. trade with Vietnam has already accelerated since 2019. “I’ve gotten a call from the head of Vietnam, desperately wants to meet me when I go to the G20,” Biden said.
Persons: Joe Biden, Biden, they’re, Xi, ” Biden, Gina Raimondo, Raimondo, ” Raimondo, IPEF, Jake Sullivan, Lê Hoài Trung, Trung, Sullivan, Nguyễn Phú Trọng, I’ve, , Gregory Poling, ” Poling, Poling, Organizations: DELHI, United, U.S, Group, Census, Peterson Institute of International Economics, White House, Biden, Communist Party of Vietnam, Southeast Asia Program, Asia Maritime, Center for Strategic, International Studies Locations: Vietnam, United States, China, Asia, Russia, Salt Lake City, India, Cambodia, Malaysia, Indonesia, U.S, Washington, Helsinki, Maine, Beijing,
Envisioned two decades ago to add vibrancy and draw people to a place of devastation and mourning, the Perelman Performing Arts Center is finally arriving at a very different ground zero. Still, organizers believe the arts space, also called “PAC NYC,” has an important role to play in one of the most sensitive, historic spaces in the United States. “The performing arts center is kind of an amenity for a luxury neighborhood that they built,” said Todd Fine, who runs a advocacy business for historical preservation in lower Manhattan. Early on, the arts center was to house three established groups — two theaters and a visual arts museum — plus a new museum celebrating freedom. Then he came to see it as a step forward for the trade center and on a personal level, an embrace of living life fully.
Persons: It's, , Khady Kamara, , Bill Rauch, Joshua Ramus, Mike Bloomberg, Ronald Perelman, “ There’s, ” Bloomberg, Laurence Fishburne, Jenna Bush Hager, Barbara Pierce Bush, ” Rauch, Kamara, Todd Fine, Rauch, Perelman, Craig Peterson, James Giaccone, Joseph Giaccone, ” Giaccone Organizations: Trade, Perelman Performing Arts Center, “ PAC, Performing Arts Center, Pentagon, Manhattan Cultural Council, Tuesday's Locations: United States, Pennsylvania, Afghanistan, Manhattan
Sen. Tuberville called out "wokeness" in the Navy, saying people are reading "poems on aircraft carriers." But the art form has been a long been a part of military service, especially for sailors. Tuberville faces widespread criticism for blocking hundreds of promotions over the Pentagon's abortion policy. Tuberville's comments on poetry and "wokeness" in the Navy come seemingly out of nowhere — especially considering the art form has a long history for sailors. Sailors assigned to the Los Angeles-class attack submarine USS Albuquerque SSN 706 stand watch as the boat departs Diego Garcia.
Persons: Sen, Tuberville, Tommy Tuberville, We've, Carlos Del Toro, Del Toro, Christine Wormuth, Frank Kendall, Mark Milley, Roe, Wade, John C, Steve Smith, Roosevelt, Champlain, Sailors, Diego Garcia, Jeremy Gross, Smith, it's, Marines I've, Nolan Peterson Organizations: Navy, Service, Alabama Republican, US Navy, Fox, Air Force, Washington Post, Joint Chiefs, Staff, Carrier Air Wing, Nimitz, Stennis, U.S . Navy, Getty, The Washington Post, USS, Marines, US Air Force, Council's Eurasia Locations: Wall, Silicon, Alabama, Yorktown, Los Angeles, Albuquerque, Iraq, Afghanistan
Nearly two fifths of Americans, 39% have a side hustle, according to an April 2023 Bankrate survey of 2,505 U.S. adults. Here are four side hustles you can do with no experience. Find house sitting gigs on sites like Rover, TrusterHousesitters and Care.com or offer your services in local groups on sites like Facebook and Nextdoor. "They wanted me to do a video survey," she says. Try signing up to take surveys and do focus groups on sites like Mindswarms, Find Focus Groups, Respondent or Fieldwork.
Persons: Latasha Peterson, Peterson, Julie Berninger Organizations: Facebook, PayPal Locations: ShareASale
A holiday-shortened week often provides markets and economists a moment to reflect. That’s especially the case after Labor Day, a date that signifies the end of the summer. Data last week reinforced the narrative of a slowing labor market and inflation that has cooled off but not quite as much as the Federal Reserve would like. A handful of Fed governors will speak this week ahead of the central bank’s next meeting in two weeks. Meanwhile, Goldman Sachs on Tuesday lowered the odds of a recession within the next 12 months to 15% from 20% previously, citing the favorable inflation data, the softening labor market and continued growth in incomes.
Persons: , Wells, Goldman Sachs, Peter G, Peterson Organizations: Labor, Federal, BCA Research, White
Jimmy Buffett Departs With the Summer
  + stars: | 2023-09-03 | by ( Bob Greene | ) www.wsj.com   time to read: 1 min
Journal Editorial Report: The week's best and worst from Bill McGurn, Kate Bachelder Odell, and Kyle Peterson. Images: AP/Zuma Press Composite: Mark KellyThere was always a sly grin, a sweetly sardonic message, in just about everything Jimmy Buffett sang or did. So if he had to die, of course it would be at the beginning of Labor Day weekend—summer’s end, the annual last breath of looseness and laughter.
Persons: Bill McGurn, Kate Bachelder Odell, Kyle Peterson, Mark Kelly, Jimmy Buffett Organizations: Zuma, Labor
The logos of Swiss bank Credit Suisse and UBS are seen in Geneva, Switzerland, June 7, 2023. The powerful central bank, Swiss National Bank (SNB), said it disagreed with some of the suggestions, including on liquidity and on how the authorities work. It will change the landscape of banking in Switzerland, where branches of Credit Suisse and UBS are dotted everywhere, sometimes just metres apart. "(The) rescue of Credit Suisse isn't a perfect success but it's not a story of policy failure either. During the global financial crash of 2008, it was UBS, not Credit Suisse, that needed a state rescue.
Persons: Denis Balibouse, FINMA, Beat Wittmann, Nicolas Veron, it's, Oliver Hirt, John O'Donnell, Susan Fenton Organizations: Credit Suisse, UBS, REUTERS, Rights, UBS Group, Swiss, Swiss National Bank, , Suisse, Social Democrat, Porta Advisors, Peterson Institute for International Economics, Thomson Locations: Geneva, Switzerland, Rights BERN, Swiss, Washington, Zurich
The young Ukrainian pilot known by the call sign "Juice" campaigned for F-16 fighter jets for his country in its battle against Russia. The joking, the nonchalance, the sterile vocabulary — it’s all part of a well-honed fighter pilot culture, which ingrains the mental resilience needed to survive. “Even with our losses, we are still doing our job in this real combat mood, real fighter pilot mood, with crazy jokes. Beyond their fears and sorrows, there is another emotion, unique to war, which Ukrainian fighter pilots must now also control each time they fly. For its part, the US military plans to start training Ukrainian pilots to fly the supersonic fighters this October.
Persons: Nolan Peterson, Read, CNN —, I’ve, Andriy Pilshchikov —, he’d, Juice, I’m, “ We’re, we’ve, , , ” Melaniya, wasn’t, , Tom Wolfe, ’ Nolan Peterson, ” Jonathan “, ” Juice, it’s, ” Podolyak, Organizations: Atlantic Council, US Air Force, Fortem Technologies, CNN, Tactical Aviation Brigade, Russia, Garmin, California National Guard, Kyiv, Ukrainian, Twitter, Facebook, US Air National Guard Locations: Ukraine, Kyiv, Ukrainian, Afghanistan, Russian, Kyiv’s outskirts, ” Jonathan “ Jersey, Soviet, Netherlands, Denmark, Norway, California
Burning Man is a desert-based arts festival that's become the playground of business elites. Morning Brew Insider recommends waking up with, a daily newsletter. Loading Something is loading. AdvertisementAdvertisementSome of the most influential — and richest — people in business are likely among the tens of thousands of people descending upon Black Rock City, Nevada, at this very moment to attend Burning Man. Every year, big-name tech bros and well-heeled execs join the festival — trading their hoodies for light-up bodysuits and Allbirds for sky-high boots.
Persons: that's, It's, execs Organizations: Morning Locations: Rock City , Nevada
Baby Formula Makers Get Safety Reprimands from FDA
  + stars: | 2023-08-31 | by ( Kristina Peterson | ) www.wsj.com   time to read: 1 min
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Persons: Dow Jones Organizations: fda
MP Materials is poised to gain from a growing market for rare earth products, according to JPMorgan. The stock has pulled back despite the price of neodymium praseodymium alloy climbing about 8% this quarter. Meanwhile, Peterson said demand could approximately double by 2030 as electric vehicles and wind turbines — both of which can utilize rare earth magnets from the alloy — gain favor. The U.S.-based company is also increasingly attractive as geopolitical rifts with China, a major supplier in the rare earth supply chain, escalate. MP is considered one of only two "sizable" producers of rare earth oxides outside of the country by Peterson's count.
Persons: Bill Peterson, Peterson, Michael Bloom Organizations: Materials, JPMorgan Locations: Wednesday's, China, U.S
China's property troubles may slow the economy down, Nicholas Lardy, a China economy expert, told CNN. However, the issues will not create a financial crisis, he added. Even so, one Chinese economy expert thinks the crisis is unlikely to spill over into the broader economy. Advertisement Advertisement Watch: Ken Rogoff on the next financial crisis and the future of bitcoinChina's property sector has been gripped in a crisis since 2021 when property giant Evergrande ran into a liquidity crisis. The market was so hot that Chinese developers were taking on massive borrowings to build apartments ahead of demand.
Persons: Nicholas Lardy, it's, Ken Rogoff, Evergrande, Lardy, Lina Batarags Organizations: CNN, Service, Peterson Institute for International Economics Locations: China, Wall, Silicon
After a 6-0 6-1 rout of Sweden's Rebecca Peterson in her opening match, Swiatek did not look as at ease as she was made to work for a 6-3 6-4 win over the 322nd-ranked Australian spark plug. Saville, who has only once before beaten a world number one, seven years ago against Angelique Kerber, got the match off to the best possible start breaking Swiatek at the first opportunity. They traded breaks a second time before Swiatek would get her third of the set and hold serve for a 1-0 lead. For Swiatek the win was another step towards defending her U.S. Open crown and keeping the number one world ranking. In order to remain in top spot Swiatek must go one round further than the Belarusian in Flushing Meadows.
Persons: Iga, Australia's Daria Saville, Mike Segar, Iga Swiatek, Daria Saville, Sweden's Rebecca Peterson, Swiatek, Kaja Juvan, I'm, It's, Saville, Angelique Kerber, Louis Armstrong, Sabalenka, Steve Keating, Toby Davis Organizations: Tennis, U.S, 322nd, WTA Tour, Thomson Locations: Flushing Meadows , New York, United States, Belarusian, Flushing Meadows, New York
But Best Buy said Tuesday that theft at its stores has remained relatively stable. On Tuesday's call, Barry rattled off a list of strategies that she said has helped Best Buy combat theft. Best Buy employs security workers at store entrancesBarry said Best Buy employs asset-protection employees at its front doors. Best Buy stores have one entrance and few self-checkout registersBarry highlighted other features of Best Buy's stores as theft deterrents. Best Buy is locking away some merchandiseBarry said Best Buy has started removing some items from the sales floor that could be prime targets for thieves.
Persons: , Corie Barry, Dick's, Barry, Matt Kelley, Richard Galanti, we've Organizations: Walmart, Service, Dick's Sporting Goods, Costco, LiveView Technologies Locations: Wall, Silicon
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/health/healthcare/baby-formula-makers-face-push-to-disclose-contamination-earlier-6bc047d4
Persons: Dow Jones
At 1:05 pm ET, the yield on the 10-year Treasury fell 10 basis points to 4.112%. The 2-year Treasury yield was last trading at 4.88% after falling by 17 basis points. The Conference Board said its consumer confidence index came in at 106.1. The Conference Board also said average inflation expectations for the next 12 months increased, pressuring overall confidence, while the short-term outlook for income, business and labor market conditions declined. Speaking at the central bank's annual Jackson Hole symposium, Powell said that while inflation has fallen, it remains too high.
Persons: Dow Jones, Dana Peterson, Jerome Powell, Powell Organizations: New York Stock Exchange, Treasury, Board, Conference Board, Traders, Federal Locations: New York City, Jackson
US consumer confidence dropped more than expected in August, the Conference Board said. These three charts show how Americans are feeling about the economy. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. The Conference Board reported Tuesday that its consumer confidence gauge fell to 106.1 in August, below Bloomberg estimates and a fresh three-month low. The chart below shows that an increasing share of respondents said they feel "bad" about their current situation, while those who said they feel "good" decreased.
Persons: Dana Peterson, Peterson Organizations: Conference Board, Service, Board, Bloomberg, Conference, Consumers, Bureau of Labor Statistics Locations: Wall, Silicon
Americans are getting a little worried about inflation
  + stars: | 2023-08-29 | by ( Bryan Mena | ) edition.cnn.com   time to read: +3 min
Washington, DC CNN —Americans felt more pessimistic about the economy in August, following two straight months of growing confidence. That would make it extremely hard for the Fed to bring inflation back down to 2%. Consumer attitudes are sometimes a bellwether for spending, which is mainly what economists focus on since consumer spending accounts for about two-thirds of economic output. That’s because the US economy’s strength might not be consistent with 2% inflation, the Fed’s inflation goal. But both the economy and job market also remain on strong footing, and that’s helping to keep inflation elevated.
Persons: , Dana Peterson, , Jerome Powell Organizations: DC CNN, Conference Board, Labor, University of, Federal Reserve, Fed, Street, Kansas City, Atlanta Fed, Commerce Department Locations: Washington
China's capital exodus is among the worst seen by emerging markets, said Robin Brooks, chief economist at IIF. That's as global investors have grown wary of autocratic regimes, he tweeted on Sunday. "The change in global capital flows is seismic. "But China has now seen consistent and large outflows for the past 18 months, as investors grow wary of autocracies." Global markets look at China in a new light," Brooks said in a separate X post.
Persons: Robin Brooks, Brooks, Ukraine that's, Adam Posen Organizations: IIF, Service, Institute of International Finance, hemorrhaging, CSI, Administration of Foreign Exchange, EPFR, Peterson Institute for International Economics, Foreign Affairs Locations: China, Wall, Silicon, Ukraine, outflows
Best Buy's CEO said we're in "the low point in tech demand after two years of sales declines." "We continue to expect that this year will be the low point in tech demand after two years of sales declines," Best Buy CEO Corie Barry said Tuesday on a call with analysts after the company reported its second-quarter earnings. Best Buy is already seeing glimmers of stabilization in categories like home theater, executives said on the call. AdvertisementAdvertisementBut first, Best Buy has to get through the rest of this year. "Best Buy faces a tough environment in which few consumers are looking to splurge on big-ticket items such as home theaters, TVs, and appliances," Stambor wrote.
Persons: we're, Macy's, Corie Barry, Barry, Zak Stambor, Stambor Organizations: Shoppers, Service, Chase, Walmart, Amazon, Costco, Intelligence Locations: Wall, Silicon
The four-time Grand Slam champion fired off 20 winners and four aces to set up a second-round meeting with Australian Daria Saville. Peterson, who only produced two winners across the match, never regained her composure and Swiatek pumped her first after closing out the match with a scorching backhand down the line. "I really wanted to play solid and start (the) tournament with everything that I focused on (in practice),” she said in on-court remarks. "I just feel happy that with all the pressure and expectations I can just have fun on court." Reporting by Amy Tennery in New York, editing by Pritha SarkarOur Standards: The Thomson Reuters Trust Principles.
Persons: Iga, Sweden's Rebecca Peterson, Shannon Stapleton, Iga Swiatek, Swede Rebecca Peterson, Arthur Ashe, Daria Saville, Swiatek, Peterson, , Amy Tennery, Pritha Sarkar Organizations: Tennis, U.S, Cincinnati, Thomson Locations: Flushing Meadows , New York, United States, Montreal, Flushing Meadows, New York
That sobering view of a post-pandemic global economy emerged from research organized by the Kansas City Federal Reserve and debated here this past weekend. "This puts us in a bleak setting, thinking about the parts of the world that are labor rich but capital poor," he said. "I do remember a time, maybe a more naive time...when more trade would create friends," said Ben Broadbent, deputy governor of the Bank of England. If there was a potential bright spot, it was around the discussion of advances in artificial intelligence as a possible driver of higher productivity. Reporting by Howard Schneider; Editing by Dan Burns and Andrea RicciOur Standards: The Thomson Reuters Trust Principles.
Persons: JACKSON, Pierre, Olivier Gourinchas, Gourinchas, Maurice Obstfeld, Barry Eichengreen, Eswar Prasad, Donald Trump, Biden, Jared Bernstein, Bernstein, Ben Broadbent, Ngozi Okonjo, Iweala, Trump, Nela Richardson, Howard Schneider, Dan Burns, Andrea Ricci Organizations: Kansas City Federal Reserve, U.S, Monetary Fund, Fed, Peterson Institute for International Economics, International Monetary Fund, University of California, Cornell University, U.S . White House Council, Economic, Biden, Bank of England, Trade Organization, Thomson Locations: , Wyoming, Ukraine, China, West, Washington . China, U.S, Berkeley, Japan, Nigeria, Russian, Europe
Mike Lang/USA Today Network Workers and residents clear debris from a destroyed bar in Fort Myers on Saturday, October 1. Thomas Cordy/The Palm Beach Post/USA Today Network This aerial photo shows damaged homes and debris in Fort Myers Beach on Thursday. Wilfredo Lee/AP Jake Moses and Heather Jones explore a section of destroyed businesses in Fort Myers Beach, Florida, on Thursday. Alexandre Meneghini/Reuters Frederic and Mary Herodet board up their Gulf Bistro restaurant in St. Pete Beach, Florida, on Tuesday. Martha Asencio-Rhine/Tampa Bay Times via ZUMA Press Wire Sarah Peterson fills sandbags in Fort Myers Beach on September 24.
Persons: Ian —, Idalia, ” Brian McNoldy, Allison Wing, Florida State University . Hurricane Franklin, , Wing, ” McNoldy, Andrew Kruczkiewicz, Kruczkiewicz, Ricardo Arduengo, Joe Biden, Jill Biden, Hurricane, Evan Vucci, Greg Guidi, Thomas Bostic, Joe Raedle, Win McNamee, Stephanie Fopiano, Kenya Taylor, Mike Lang, Giorgio Viera, Jonathan Drake, Candy Miller, Ana Kapel, Amy Beth Bennett, Meg Kinnard, Shannon Stapleton, Steve Helber, Joe Burbank, Orlando Sentintel, Alex Brandon, Jim Watson, Eva Marie Uzcategui, Bob Levitt, Thomas Cordy, Wilfredo Lee, Jake Moses, Heather Jones, Douglas R, Clifford, Tom, Jonathan Strong, Kylie Dodd, Brenda Brennan, Sean Rayford, John Raoux, Stefanie Karas, ZUMA, Ian, Marco Bello, Ben Hendren, Pedro, Reuters Melvin Phillips, Crystal Vander, Bryan R, Smith, Hurricane Ian, Greg Lovett, Stephen M, Dowell, Zuram Rodriguez, Joe Cavaretta, Crews, Ramon Espinosa, Yamil Lage, Chris O'Meara, Maria Llonch, Willie J, Allen Jr, Alexandre Meneghini, Reuters Frederic, Mary Herodet, Pete, Adalberto Roque, Phelan M, Ryan Copenhaver, Siesta, Gregg Newton, Cathie Perkins, Martha Asencio, Sarah Peterson, Andrew West, ” Kruczkiewicz, McNoldy, you’re Organizations: CNN, National Hurricane Center, University of Miami, , National Oceanic, Atmospheric Administration, Florida State University . Hurricane, Columbia Climate School, Columbia University, Getty, Fort Myers, Venice High, USA Today Network Workers, Reuters, South Florida Sun, AP, US Army National Guard, AP University of Central, Bloomberg, Texas, Force, USA, Tampa Bay Times, Zuma Workers, Orange County Government, An, AP Vehicles, NOAA, NASA, City, Naples Police, Anadolu Agency, Punta Gorda, El, El Nuevo Herald, TNS, Officials, Orlando Sentinel, AP Highways, Wednesday, Sentinel, AP People, Southwest, Tampa International Airport, Bistro, Vehicle, Kennedy Space Center, International, Costco, ZUMA Press, Hurricanes Locations: Gulf of Mexico, Florida, Matlacha , Florida, AFP, Fort Myers , Florida, Island , Florida, Fort, Fort Myers Beach, Kenya, North Port, Venice , Florida, Fort Myers, Myrtle Beach , South Carolina, South Florida, Quarterman, North Charleston , South Carolina, North Port , Florida, Sanibel, AP University of Central Florida, Orlando , Florida, Orlando, Charleston , South Carolina, New Smyrna Beach , Florida, Cape Coral , Florida, Palm Beach County , Florida, Fort Myers Beach , Florida, Naples , Florida, Orange County , Florida, Orange County, Punta Gorda , Florida, Punta Gorda, Port Charlotte , Florida, Captiva, Port Charlotte, Iona , Florida, Bonita Springs , Florida, An Orlando, Sanibel , Florida, Tampa , Florida, Punta, Tampa, Roberts, El Nuevo, Stuart , Florida, Tampa Bay, Delray Beach , Florida, The, Hurricane, Pembroke Pines , Florida, Davie , Florida, Havana, Cuba, Batabano, Pinar del Rio, St, Pete Beach , Florida, Cape Canaveral , Florida, Cuban, Fanguito, Sarasota , Florida, Havana Bay, Kissimmee, Pinellas County , Florida, Augusta , Georgia, Columbia, South Carolina
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