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“Farewell, old friend of the Chinese people,” said a top comment with thousands of likes. In July 1971, Kissinger became the first high-ranking US official to visit Communist China. Long after Kissinger left office, Beijing had regarded the well-connected diplomat as a potential helping hand in navigating the increasingly hawkish views towards China in Washington. State broadcaster CCTV called him a “living fossil” who witnessed the development of US-China relations. The tectonic shift in US-China relations that was formalized some eight years later opened the door for extensive economic engagement starting from the early 1980s.
Persons: Henry Kissinger, , Wang Wenbin, Xi Jinping, Joe Biden, Wang, , Kissinger, Washington –, Richard Nixon’s, Scott Kennedy, Washington . Long, Xie Feng, centenarian, ” Xie, – Kissinger, Biden, Xi, John Kerry, Janet Yellen, Wang Yi, Nixon, Alfred Wu, Lee, , Wu, “ Kissinger, ” Wu, Zhou Enlai, Kennedy, China …, ” Kennedy Organizations: Hong Kong CNN, China’s Foreign, Center for Strategic, International Studies, CCTV, Xinhua, Foreign, Lee Kuan Yew, of Public, National University of Singapore, Flying Tigers, CSIS Locations: China, Hong Kong, Beijing, Weibo, United States, Washington, Communist China, “ China, American, selfTaiwan, Japan, Soviet Union, Moscow
Hong Kong CNN —China welcomed officials from Arab and Muslim majority countries on Monday for talks on “de-escalating” the Israel-Hamas conflict as Beijing steps-up its efforts to play a role in establishing a ceasefire. Zhai’s itinerary thus far has not included stops in Israel, Palestinian-controlled territories, or Iran, per information released by China’s Foreign Ministry. It’s not clear if China has been in contact with Hamas officials during the latest conflict. Visiting officials in Beijing this week include Palestinian Foreign Minister Riyad al-Maliki of the West Bank-based Palestinian National Authority. In the talks, Foreign Minister Wang Yi said they’d already held discussions with the Iranians on the topic, the senior official said.
Persons: , Wang Yi, Washington –, Zhang Jun, Zhai Jun, Zhai, Wang, Eli Cohen, Riyad al, Xi Jinping, Joe Biden, Biden, Xi, they’d Organizations: Hong Kong CNN, Palestinian National Authority, of Islamic Cooperation, CNN, Israel Defense Forces, United Nations, Security Council, UN, Hamas, Foreign Ministry, China’s Foreign Ministry, Israeli, Palestinian, West Bank, Palestinian National Authority ., Ministry’s Locations: Hong Kong, China, Israel, Beijing, Saudi Arabia, Jordan, Egypt, Indonesia, United States, Gulf, Qatar, Washington, Gaza, United, Palestine, UAE, Turkey, Bahrain, Singapore, Europe, Palestinian, Iran, Palestinian National Authority . China, Lebanon, California
Nacua’s jersey has been placed in football’s shrine to all things great and good because of the historic beginning to his rookie NFL season. An already high-ceiling group, which included Cooper Kupp – the NFL’s receptions, receiving yards and touchdowns leader in 2021 – was searching for additional explosiveness. It couldn’t be any better,” Nacau told reporters after the Rams’ Week 1 victory in Seattle against the Seahawks. Over the next five weeks of the season, Nacua compiled 326 receiving yards off 25 catches and a touchdown. Nacua has 293 more receiving yards than the next rookie in the league, Jordan Addison.
Persons: , Puka Nacua, Jaylen Waddle, Michael Owens, University of Washington –, Fesi Sitake, , he’s, ” Sitake, Nacau, Sitake, ” –, Jaren Hall –, Minnesota Vikings – Nacua, Nacua, ” Nacua, Tyler Ingham, Puka, wasn’t, , Cooper Kupp, Kupp, Sean McVay, ” Nacau, Earl Cooper, Odell Beckham Jr, Gary A, Vasquez, McVay, McVay effusively, it’s, ” McVay, Eric Yarber, Cooper, Atwell, Jefferson, Matthew, Stafford, Justin Casterline, Hallie Aiono, LeBron James, Jordan Addison, Harry, “ It’s, Organizations: CNN, Super Bowl, NFL, Pro Football Hall of Fame, Los Angeles Rams, Rams, Philadelphia Eagles, SoFi, Brigham Young University, BYU, University of Washington, CNN Sport, Clydesdale, Minnesota Vikings, Cougars, Boise State, Boise State Broncos, , Kupp, Seahawks, USA, Sports, Reuters Rams, San Francisco 49ers, , that’s, Indianapolis Colts, Nacua, Colts, Dallas Mavericks Locations: Canton , Ohio, Utah, Nacua, Clydesdale, Scotland, Eastern Washington, Seattle
CNN —Sen. Tim Scott of South Carolina is suspending his presidential campaign, he announced in an interview with Fox News on Sunday. “Tim ran an optimistic, hopeful message — but that’s not where the Republican base is right now,” a Republican official who supported Scott told CNN. Scott said he has no intention of accepting a vice presidential nomination, reaffirming a position he repeated frequently on the campaign trail. The South Carolina senator entered the race with a major cash advantage after he converted his Senate campaign account into a presidential fund. He held the seat for more than a decade before his election to the South Carolina House in 2008.
Persons: CNN — Sen, Tim Scott of, , , Scott, “ Tim, Trey Gowdy, , it’s, ” Scott, Donald Trump, Ron DeSantis, they’d, Joe Biden, Nikki Haley, Vivek Ramaswamy, Jim Crow, Lyndon, Republican caucusgoers, Haley, GOP Sen, Jim DeMint’s, Democratic Sen, Cory Booker of, Trump, , Tim Scott, , Tim, , Trey, ’ ” Scott Organizations: CNN, Fox News, GOP, Republican, Florida Gov, South, Mission PAC, South Carolina Gov, Black Republican, Society, Charleston County Council, South Carolina House, Congressional, US, Democratic, Trump, White Locations: Tim Scott of South Carolina, America, Iowa, , Miami, South Carolina, New Hampshire, California, Charleston County, South Carolina’s, Washington –, Cory Booker of New Jersey, Georgia , Pennsylvania, Nevada
Most Americans still have to commute every day. Jenn Ackerman for The New York TimesLike a majority of Americans, Ms. Hargreaves was unable to do her work at home. Source: American Community Survey Note: Average commute length for 2020 is not included. The average commute distance changed much less, an indication that commuters are driving faster — but also, more people are driving. “A lot of our choice riders, we're still working to influence them to re-choose transit,” Ms. Tucker said.
Persons: Torie Hargreaves, Jenn Ackerman, Hargreaves, Ms, That’s, Andrea Villanueva, Villanueva, The New York Times “, ” Christopher Wiese, Dr, Wiese, “ There’s, , Patricia Mokhtarian, John Goodwin, Rosalind Tucker, we're, Tucker, Aimee Lee, Lee Organizations: Atlanta Washington San, Mo . Chicago Minneapolis New, Mo . Chicago Minneapolis New York City Los Angeles Philadelphia Columbus Denver, The New York Times, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami Minneapolis Nashville New York, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami Minneapolis Nashville New York City Philadelphia San, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami Minneapolis Nashville New York City Philadelphia San Francisco Seattle Washington Midnight, Georgia Institute of Technology, Census, New York City –, Philadelphia –, Angeles –, Francisco –, Boston –, Seattle –, Chicago –, Denver –, Kansas City –, Miami –, Houston –, Minneapolis –, Washington –, Austin –, Dallas –, Atlanta –, Charlotte –, Columbus –, Nashville –, Detroit –, BART, area’s Metropolitan Transportation Commission, Labor Department, Atlanta Regional Commission, Lifeline, Chicago Metropolitan Agency for Planning, Regional Transit Authority, % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % Locations: Atlanta Washington San Francisco Boston Kansas City, Mo . Chicago Minneapolis, Mo . Chicago Minneapolis New York, Minneapolis, postpandemic, Atlanta, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami Minneapolis, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami Minneapolis Nashville New York City, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami Minneapolis Nashville New York City Philadelphia San Francisco Seattle, South Minneapolis, North Minneapolis, Boston, Chicago , Kansas City, San Francisco, Washington, New York, Francisco, area’s
CNN —A wave of departures by election officials in key states risks adding new stress to the nation’s election system ahead of next year’s presidential contest, voting rights groups and several state election chiefs warn. The growing alarm over the resignations and retirements comes as officials say election workers continue to face a barrage of threats and harassment and partisan interference in their duties, first ignited by false claims of a stolen White House election in 2020. In King County, Washington – which includes Seattle – Julie Wise, the county election director, recalled receiving a letter over the summer with a rant about elections. Election watchdogs say more action is needed – including boosting federal funding and extending a federal law that criminalizes the release of restricted personal information about federal workers to cover election officials. Brinson Bell began tracking the departures when she became the state’s election chief that year.
Persons: Joe Biden, , Adrian Fontes, Pennsylvania –, Republican Al Schmidt, , Nick Penniman, Schmidt, Donald Trump’s, ” Schmidt, Seattle – Julie Wise, Wise, , ” Penniman, Meagan Wolfe, Trump, Wolfe, there’s, Roy Cooper, Critics, Karen Brinson Bell, Brinson Bell, Kathy Holland, Holland, , Brinson, ” Adam Byrnes, he’s, ” Byrnes, Fontes, ” Fontes, that’s Organizations: CNN, Democrat, Republican, US Justice Department, National Conference of State Legislatures, Committee, ” Workers, GOP, supermajorities, Gov, North Carolina State Board, Emory University, Locations: Arizona, Pennsylvania, Philadelphia, King County , Washington, Seattle, In Wisconsin, Wisconsin, North Carolina, Alamance County, Swain County, Georgia
CNN —New House Speaker Mike Johnson is already tying Washington in new partisan knots. Johnson surprises by picking Israel funding as his first test of credibilityJohnson’s hard ball play on Israel funding came as a surprise given that some of the urgency for ending the speakership impasse last week was to swiftly clear a funding package following the Hamas attacks. The Biden administration on Tuesday formally threatened to veto the House GOP’s standalone Israel aid bill. The inclusion of the offsets could indicate that Johnson needs to placate his most hardline members even to pass a measure as popular as Israel funding. Some other Senate conservatives are also at odds with their leader, backing the decoupling of Israel and Ukraine aid.
Persons: Mike Johnson, Kevin McCarthy, Joe Biden’s, Mitch McConnell, McCarthy, McConnell, Johnson, ” Beth Sanner, , Biden, ” Sanner, Johnson’s, , Jared Moskowitz, , “ I’m, Marjorie Taylor Greene of, Rashida, Greene, George Santos, McConnell –, Donald Trump, , Vladimir Putin, don’t, Rand Paul, he’s, ” Paul, CNN’s Manu Raju, Chuck Schumer, Antony Blinken, Blinken, Lloyd Austin, Putin, ‘ I’m Organizations: CNN, New, Washington, Republican, Republicans, stoke, Internal Revenue, GOP, Louisiana Republican, Democratic, Senate, National Intelligence, Central ”, White, Israel, National Republican, Extreme, Democrats, Jewish Democrat, , GOP Rep, Democratic Rep, Democrat, New York Rep, titans, Taiwan, New York Democrat, US, NATO Locations: Israel, Louisiana, Ukraine, China, Russia, Washington, Gaza, Florida, Marjorie Taylor Greene of Georgia, Palestinian American, Michigan, Kyiv, Kentucky, United States, Moscow, Iran, Tehran, Baltic
Google leaders fear the search engine could become irrelevant to youth, a company exec testified. Senior VP Prabhakar Raghavan said Google is beset by rivals and youth call it "Grandpa Google." The company is defending itself in a landmark antitrust case brought by the US government. And it cited evidence that consumers switch their search engine to Google the majority of the time in cases where another search engine is offered as the default choice. One option would be to prohibit Google from paying companies to make Google a default search engine.
Persons: Prabhakar Raghavan, Google, , Google's, Raghavan, Grandpa Google, Bing, Trump, Judge Amit Mehta Organizations: Google, Service, Fortune, Yahoo, The, Apple, Microsoft, Justice Department Locations: U.S, Alexandria , Virginia
Reckless spending and radical policies created near-record inflation, soaring grocery bills, rising energy costs and skyrocketing interest and mortgage rates. That’s why we are barreling toward a shutdown rather than agreeing on a spending package to keep the federal government working. Worse, they seemingly live in an alternate reality where Republicans control the White House and the US Senate as well as the House of Representatives. My constituents sent me here to represent their interests, and let me tell you, no one wins in a government shutdown. Bipartisanship isn’t a sign of weakness, and it isn’t something to be derided; it’s a sign of a functional democracy.
Persons: Mike Lawler, Michael V, Bidenomics ”, Biden, Newsflash, Matt Gaetz, , Kevin McCarthy, Let’s Organizations: New, Congressional, Financial Services, House Foreign Affairs, SALT Caucus, Caucus, Scenic Trails Caucus, Moldova Caucus, CNN, Lawler, Republican Conference, Republican, GOP, White, Senate, Representatives, Biden, New York Locations: United States, Washington, New York, Florida, New, New York’s
Two people who know Fu told CNN that they heard from common friends she had a child through surrogacy in the US, though they did not know who the father was. Fu stopped posting on her WeChat social media account in May after returning to China from the US in April, two sources close to Fu told CNN. Fu Xiaotian, 40, was the host of a flagship talk show on Hong Kong-based Chinese broadcaster Phoenix TV. Following Qin’s disappearance, Chinese social media users have scrutinized Fu’s posts on Weibo, a popular microblogging site, where she boasts more than a million followers. She last posted on Wechat, another Chinese social media app, on May 21, the two people who know Fu told CNN.
Persons: Hong Kong CNN — China’s, Qin Gang, Fu Xiaotian, Qin, Fu, Xi Jinping, , Fu –, , Qin’s, , ” Yun Sun, Sun, That’s, Xiaotian, Zikuan Chen, Fu reminisced, Er, ’ ” Fu Organizations: Hong Kong CNN, Financial Times, Phoenix, CNN, China’s Foreign, ” CNN, China’s, Information Office, Phoenix TV, Wall Street Journal, Communist Party, Stimson, World, Cambridge University, Star, Churchill College, Gulfstream G650, Fu, Federal Aviation Administration, Gulfstream, Anchorage International, Washington DC, Qin Locations: Hong Kong, United States, Beijing, China, Washington, London, Phoenix TV’s London, Fu, Weibo, California, Chongqing, Orange County , California, Italy, alma, Los Angeles, Anchorage, Alaska, Miami
Visual Highlights From the 'More Than Words' Project
  + stars: | 2023-09-15 | by ( Wilson Liévano | ) www.usnews.com   time to read: +13 min
Many of those who only speak Spanish are frustrated that language barriers get in the way of public safety information. Cabrera works long hours and would like to find community and services for her 79-year-old mother, but language barriers holds them back. (Emree Weaver / Yakima Herald-Republic)YAKIMA, WASHINGTON – In Yakima County, which is 52% Hispanic and largely agricultural, local health care systems have had to adapt to the needs of the population. (Emree Weaver / Yakima Herald-Republic) Rigo Zepeda, an advanced registered nurse practitioner, demonstrates how providers use a video remote interpreting device at MultiCare Yakima Memorial, in Yakima, Washington. (Emree Weaver / Yakima Herald-Republic)
Persons: Victoria Franco, Harika Maddala, Catchlight Local Salvador Reyna Madryc, Luis Magaña, Ignacio Yepez, Rosa Cardenas, Rosa Trevizo, Doug Kuehne’s, Gerdrado Serrano, Griselda Juarez, Juarez, Gabriela Martínez, Esmirna Jiménez, Jimenez, Pedro Ferreras's, Pedro Ferreras’s, , , ” Jiménez, Gabriela Lozada, Flerida Moriel, Mirla Cabrera, Cabrera, Flerida, Moriel, , ” Cabrera, don’t, They’re, NHPR, Santiago Ochoa, Emree Weaver, YAKIMA , WASHINGTON –, Granger, Bertha “ Lily ” Gonzalez, Maria Guadalupe Diaz, Diaz, Lisaola, Rigo, Angelina Garcia, Bertha Lopez Organizations: America, . News, Services, Victoria, Catchlight Local, Flea, Stockton, News, Loel, Spanish, New, American Community Survey, Social, Derry, New Hampshire Public, Flerida, HAMPSHIRE, Immigration, New Hampshire Public Radio, Facebook, Yakima Herald, Yakima Herald -, Yakima Herald - Republic Workers, Census, Memorial Cornerstone Medicine, Memorial Locations: Stockton Text, Bay, Bay City, Stockton , California, STOCKTON , CALIFORNIA, San Joaquin County, Spanish, Lodi , California, Weston, United States, Dominican Republic, Harrisburg , Pennsylvania, WITF, HARRISBURG , PENNSYLVANIA, Pennsylvania, New American, Carlisle, Harrisburg, Allison Hill, NHPR, MANCHESTER, Manchester, New Hampshire, Nashua, New, Peru, Yakima, Yakima Herald - Republic, Cowiche , Washington, YAKIMA , WASHINGTON, Yakima County, Toppenish, Wapato, Republic, Yakima , Washington, Yakima County’s
Clashes mount between Trump and his legal nemesis
  + stars: | 2023-09-06 | by ( Stephen Collinson | ) edition.cnn.com   time to read: +11 min
A dramatic series of legal developments in the Fulton County, Georgia, investigation – in which Trump and 18 co-defendants are also awaiting trial – encapsulated the breadth of the former president’s legal exposure. And 61% of Republican-leaning adults said that Trump is facing so many charges largely because of political abuse of the justice system. Trump uses criminal plight to fire up supportersTrump continually dials up the heat, underscoring how his legal defense and presidential campaign have merged. Smith may remain the ex-president’s greatest threat as the prosecutor with the best chance to complete a case against Trump early in the election year. New charges were also filed against Trump aide Walt Nauta and Mar-a-Lago maintenance manager Carlos De Oliveira.
Persons: Jack Smith, Donald Trump, Joe Biden, Smith, Trump, Mark Meadows, Fani Willis ’, Enrique Tarrio, Timothy Kelly, Tarrio, CNN Trump, Hunter, he’d, Tanya Chutkan, , CNN’s Zachary Cohen, Paula Reid, Sidney Powell, Powell’s, Powell, Walt Nauta, Carlos De Oliveira Organizations: CNN, GOP, Trump, Trump White House, Republican, Republicans, Justice Department, Biden Locations: Florida, Washington, Fulton County , Georgia, Georgia, United States, Ukraine, Pennsylvania, Michigan, Arizona
Almost as soon as Trump left Atlanta after surrendering at the Fulton County jail Thursday, his team began to monetize his mug shot. Meadows to provide first major test of Georgia caseThe hearing in Georgia that could yield major revelations does not involve Trump directly, but rather Meadows. Meadows and Trump are among 19 co-defendants in a vast racketeering case built by Willis. Extensive pre-trial litigation in the Georgia case could also end up frustrating attempts by Willis, who initially sought a March 2024 trial date, to bring the case before the 2024 election. Trump’s attorneys are also arguing that Smith’s proposed timeline for the trial would conflict with other criminal and civil cases in which the former president is embroiled.
Persons: Donald Trump, Fani Willis, Mark Meadows, George Conway, Meadows, Tanya Chutkan, Jack Smith, Trump’s, Joe Biden, Smith, Trump, Biden, , Willis ., Brad Raffensperger, Willis, Chris Christie, , ” Christie, Jamie Raskin, ” Raskin, CNN’s Dana, , Raskin, Chutkan, Smith’s Organizations: CNN, Republican, Trump, White House, Atlanta, Biden, Former New Jersey Gov, GOP, CBS, Trump . Maryland Democratic, Capitol, Democratic, Union, Trump’s Locations: Georgia, Washington, Fulton County, Meadows, Trump, Iowa, United, Willis, Willis . Georgia, “ State, Florida, Manhattan
Martin Luther King III, along with his wife, Arndrea Waters King, and their 15-year-old daughter, Yolanda, have developed a set of traditions for this time of the year. The original march, which featured their father as a centerpiece, helped till the ground for passage of federal civil rights and voting rights legislation in the 1960s. "What we know is when people stand up, the difference can be made," Martin Luther King III told The Associated Press in an interview ahead of Saturday. Twenty three years ago, she introduced Sharpton and Martin Luther King III at a 37th anniversary march and urged them to carry on the legacy. And the voting rights marches from Montgomery to Selma, Alabama, in which marchers were brutally beaten while crossing the Edmund Pettus Bridge in what became known as "Bloody Sunday," forced Congress to adopt the Voting Rights Act of 1965.
Persons: Martin Luther King, Martin Luther King III, Arndrea Waters, Yolanda, Martin Luther King Jr, Arndrea, Kings ', Bernice King, We've, Bernice, Jr, Andrew Young, King, U.N, General Merrick Garland, Kristen Clarke, Joe Biden, Kamala Harris, Biden, Al Sharpton, Coretta Scott King, Sharpton, Martin, we've, Edmund Pettus, there's, didn't Organizations: Washington, Lincoln Memorial, Washington DC, Jobs, Kings, Major Institute, National Action, Supreme, Associated Press, NAACP, National Urban League, White, National Action Network, Nonviolent, Vigilance, Baptist, Civil Locations: Washington, Atlanta, Birmingham , Alabama, Neshoba County , Mississippi, Montgomery, Selma , Alabama
Trump’s return appeared to be welcomed by X owner Musk, who has been encouraging politicians and public figures to post on the site in a bid to improve user numbers. If Trump decides to return to regularly posting on X, it could be a major boon to the platform’s effort to attract an audience as it faces increased competition. Trump’s return “should have a positive impact on [X’s] engagement at a time when it needs it,” D.A. What’s more, after making his return to X, Trump appeared to try to clarify where his loyalty lies. !” Trump posted on the X competitor platform.
Persons: Elon Musk, Donald Trump’s, Trump, Trump’s, Musk, ” D.A, Davidson, Tom Forte, Linda Yaccarino, , ” Forte, , ” Trump Organizations: New, New York CNN, Twitter, Republican, CNN, Nazi, Trump, Facebook Locations: New York, Georgia, Washington
Washington CNN —Russian intelligence is operating a systematic program to launder pro-Kremlin propaganda through private relationships between Russian operatives and unwitting US and western targets, according to newly declassified US intelligence. “At the end of the day, this unwitting target is disseminating Russian influence operation, Russian propaganda to their target public,” the US official said. In fact, the FSB directed his efforts and “almost certainly financed the project,” according to the declassified intelligence. The FSB does use similar tactics to influence political opinion within Russia, according to the intelligence. “The purpose of those protests really was … designed to sell it to the Russian people,” the US official said.
Persons: , Maxim Grigoriev, Syria –, Bashar al, Assad, optees ”, Andrey Stepanenko, Natalia Burlinova, Anton Tsvetkov Organizations: Washington CNN, Russian, Russian Federal Security Service, CNN, UN, , US, Embassy — Locations: Russian, Syria, Russia, United States, Ukraine, New York, Boston, Washington, Moscow —, Ukrainian
Current EV market growth "cannot be sustained," analyst says. The cap for rapid EV growth appears to be around 7% of the market. After years of rapid growth, the electric vehicle market is heading for a plateau. The states with the biggest share of electric vehicle sales are also the slowest to grow sales at the moment, according to a recent study from iSeeCars. California, Oregon, and Washington – where EV sales account for between about 7% and 10% of the market – are currently among the slowest-adopting states, the study found.
Persons: Tesla, Ford, It's, Sam Fiorani, Fiorani, Karl Brauer Organizations: Morning, EV, GM, Ford, AutoForecast Solutions Locations: iSeeCars . California , Oregon, Washington
Stocks have racked up easy gains over the past few months thanks to AI and cooling inflation. But investors are suddenly worried about debt again after Fitch slashed its credit rating for the US. The last time this happened was 2011 – and the S&P 500 took six months to recover its losses. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. In response, the S&P 500 dropped 6.5% and took a further six months to recover its losses.
Persons: Fitch, , It's, Stocks, AJ Bell's, Laith Khalaf, Fitch's, Ray Dalio Organizations: Service, Poor's, House Locations: Wall, Silicon, , Washington –, Canada
WASHINGTON – The Federal Reserve on Wednesday approved a much-anticipated interest rate hike that takes benchmark borrowing costs to their highest level in more than 22 years. The midpoint of that target range would be the highest level for the benchmark rate since early 2001. Still, he seemed to leave room to potentially hold rates steady at the Fed's next meeting in September. All of those figures, while well below the worst levels of the current cycle, are running above the Fed's 2% target. Along with the rate hike, the committee indicated it will continue to cut the bond holdings on its balance sheet, which peaked at $9 trillion before the Fed began its quantitative tightening efforts.
Persons: WASHINGTON, Jerome Powell, Powell, Joe Brusuelas Organizations: Federal Reserve, Committee, Fed, Dow Jones Industrial, Nasdaq, Treasury, RSM, University of Michigan, CPI, Cleveland Fed's, Atlanta Fed
WASHINGTON – As Republicans in the House dig in to investigate environmental, social and governance, or ESG, investing, a major industry group that represents thousands of companies is urging them to make reforms. The letter is addressed to committee Chairman Rep. Patrick McHenry, R-N.C., and ranking member Rep. Maxine Waters, D-Calif. The letter underscores the business muscle behind the GOP's battle against policies that back ESG investing. ESG investing has become a heated policy battleground. Progressive Democratic lawmakers have pushed back, arguing that considering ESG makes investors more aware of potential risks and opportunities.
Persons: Patrick McHenry, Maxine Waters, David Marcus, Facebook’s Calibra, McHenry, ESG Organizations: Financial, Consumers, Investors, American, WASHINGTON –, National Association of Manufacturers, Financial Services Committee, SEC, CNBC, NAM, Johnson, Exxon Mobil, Pfizer, Progressive Democratic Locations: Washington , U.S, R
Erdogan’s fate will have major implications not just for his country’s democracy, which he has worked to weaken, but for US foreign policy too. “Our people should be confident that we will definitely win, and we will bring democracy to this country,” he said. Biden’s entire presidency has unfolded in the shadow of autocrats, assaults on democracy and aspiring strongman leaders – abroad, and most remarkably at home. Biden confronts a threat from democracy at homeBut none of those leaders pose an existential threat to US democracy. Ahead of the election, Kilicdaroglu was talking in very similar terms about the need to preserve democracy as Biden does in the US.
Migrant surge expectedThe surge of migrants is expected because Title 42, the Trump-era policy that allowed the government to quickly turn away certain migrants at the border during the Covid-19 pandemic, is expiring. These deployments are not unprecedented in recent years, but this one is notable since it coincides with an expected surge of border encounters. Biden administration’s plan to discourage border crossingsThe administration has tried to discourage migrants from simply crossing the border and promised that people apprehended will be turned away and potentially barred from reentry. Anger from New York’s mayorTexas has been transporting thousands of migrants to cities like New York, Chicago and Washington, DC. “Governor Abbott sent asylum seekers to NY – Black mayor; to Washington – Black mayor; to Houston – Black mayor; to Los Angeles – Black mayor; to Denver – Black mayor.
Alejandro Mayorkas, secretary of the U.S. Department of Homeland Security, speaks during a new conference in Brownsville, Texas, U.S., on Thursday, Aug. 12, 2021. WASHINGTON – The Department of Homeland Security will establish a new task force to examine how the government can use artificial intelligence technology to protect the country. DHS Secretary Alejandro Mayorkas announced the task force Friday during a speech at a Council on Foreign Relations event. Mayorkas gave two examples of how the task force will help determine how AI could be used to fine-tune the agency's work. Mayorkas asked Homeland Security Advisory Council Co-Chair Jamie Gorelick to study "the intersection of AI and homeland security and deliver findings that will help guide our use of it and defense against it."
Takeaways from Biden's trip to Ireland
  + stars: | 2023-04-14 | by ( Kevin Liptak | ) edition.cnn.com   time to read: +10 min
Biden’s trip came as he nears a decision on running again for president. “I own property in Ireland, I’m not going to Ireland,” former President Donald Trump said during Biden’s trip. Patrick Semansky/APDiplomatic legacy: ‘Keep the peace’White House officials made little attempt at ascribing major policy objectives to Biden’s trip. Kevin Lamarque/ReutersBiden makes Ireland visit a family affairMore than anything, Biden’s trip this week had the feeling of a family spring break. Throughout the sometimes-rainy trip, Biden kept his head dry with a baseball cap from the Beau Biden Foundation.
watch nowWASHINGTON – Fallout from the U.S. banking crisis is likely to tilt the economy into recession later this year, according to Federal Reserve documents released Wednesday. Projections following the meeting indicated that Fed officials expect gross domestic product growth of just 0.4% for all of 2023. With the Atlanta Fed tracking a first-quarter gain around 2.2%, that would indicate a pullback later in the year. Following the collapse of SVB and the other institutions, Fed officials opened a new borrowing facility for banks and eased conditions for emergency loans at the discount window. "Even with the actions, participants recognized that there was significant uncertainty as to how those conditions would evolve," the minutes said.
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