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☆ Why the Stock Market’s Summer Doldrums Are Not a Problem
▼ + stars: | 2023-08-25 | by ( Jeff Sommer | More About Jeff Sommer | ) www.nytimes.com time to read: +2 min

Briefly put, short-term rates — those embodied in money-market funds as well as credit cards — are a direct consequence of the Federal Reserve’s campaign to reduce inflation. The Fed has been tightening monetary policy, mainly by raising the short-term rates it controls, the best known being the federal funds rate. The downgrade of U.S. Treasury debt by the Fitch Ratings agency also contributed to the run-up in rates on Treasury securities. In addition, the balance of supply and demand in the bond market has been tilting in a way that is contributing to higher rates. The Treasury has been auctioning an unusually large amount of debt, bulking up its resources after the brinkmanship of the debt ceiling crisis this spring.

Persons: Jackson, Jerome H, Powell Organizations: Federal, Treasury, Fitch Locations: Japan, China

☆ Fed's Collins: May be at a place where Fed can hold steady - Yahoo Finance
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +1 min

[1/2] Federal Reserve Bank of Boston President Susan Collins stands behind the Jackson Lake Lodge in Jackson Hole, where the Kansas City Fed holds its annual economic symposium, in Wyoming, U.S., August 24, 2023. REUTERS/Ann Saphir Acquire Licensing RightsNEW YORK, Aug 24 (Reuters) - Federal Reserve Bank of Boston President Susan Collins said Thursday the central bank may be in a place where it doesn't need to raise rates again, while keeping open the option for more action. "We may be near, we could even be at a place where we would hold" and not raise rates further, Collins said in an interview on Yahoo Finance's video channel. Collins spoke on the sidelines of the Kansas City Fed's annual research conference in Jackson Hole, Wyo. Reporting by Michael S. DerbyOur Standards: The Thomson Reuters Trust Principles.

Persons: Susan Collins, Ann Saphir, Collins, Michael S Organizations: Federal Reserve Bank of Boston, Kansas City Fed, REUTERS, Yahoo, Kansas City, Market Committee, Derby, Thomson Locations: Jackson, Wyoming, U.S, Kansas

When Jerome H. Powell spoke at the Federal Reserve Bank of Kansas City’s annual conference in Jackson Hole, Wyo., last year, inflation had recently topped 9 percent and the Fed was raising rates at a breakneck pace to wrestle down price increases. Mr. Powell used the platform to offer a stern warning that central bankers would keep at it until the job was done. Higher rates have cooled the housing market and, together with healing supply chains and cheaper gas prices, lowered inflation notably — to 3.2 percent in July. Instead of warning that the central bank is prepared to push the economy into a recession if that is necessary to calm rapid inflation, Fed officials today are increasingly suggesting that they might pull off what once seemed unlikely: cooling the economy without tanking it. But many economists and investors think that he may be able to strike a slightly less aggressive tone than he did last year.

Persons: Jerome H, Powell Organizations: Federal Reserve Bank of Locations: Federal Reserve Bank of Kansas, Jackson

☆ How Jackson Hole Became an Economic Obsession
▼ + stars: | 2023-08-24 | by ( Jeanna Smialek | More About Jeanna Smialek | ) www.nytimes.com time to read: +1 min

Economists? They have Jackson Hole. The world’s most exclusive economic get-together takes place this week in the valley at the base of the Teton mountains, in a lodge that is a scenic 34 miles from Jackson, Wyo. But even more critically, Jackson Hole tends to generate big news. Jerome H. Powell, the current Fed head, has made headlines with each and every one of his Jackson Hole speeches, which has investors waiting anxiously for this year’s.

Persons: Jackson, Rockefeller, Jerome H, Powell Organizations: Cannes, Wall Street, Federal Reserve Bank of Kansas Locations: Davos, Jackson, Federal Reserve Bank of Kansas City

Mistakes by air traffic controllers — stretched thin by a nationwide staffing shortage — have been one major factor. So do the air traffic controllers who scour the skies and manage takeoffs and landings. The number of fully trained air traffic controllers nationwide has fallen 10 percent in the past decade. data and the agency’s most recent “Air Traffic Controller Workforce Plan.”Nearly all U.S. air traffic control facilities are understaffed Circles represent 313 air traffic facilities in the United States, including airport towers and larger regional centers. Desiree Rios for The New York TimesPilots, air traffic controllers and federal investigators have warned repeatedly that America’s air safety system is fraying.

Persons: Louis Armstrong, —, ”, Biden, Matthew Lehner, Mr, Lehner, Ilana Panich, Kennedy, Jan, “, ” Jennifer Homendy, Joe Raedle, Reagan, Desiree Rios, ’, ‘ Organizations: Southwest Airlines, Louis Armstrong New, International Airport, Delta Air, New, Airport, American Airlines, Frontier Airlines, Frontier, Federal Aviation Administration, The New York Times, United Airlines, American, Airbus, louisiana Magnolia, Times, Phoenix, NASA, Aviation, Pilots, Technology, U.S, Airlines, United, “, Bergstrom International Airport, Kennedy International, Delta, FedEx, JetBlue Airways, JetBlue, National Transportation Safety, Spirit Airlines, Fort Lauderdale, Las Vegas, San, Casper, Federal Aviation, The Times, FAA, National Transportation Safety Board, Department of, Gulfstream, Miami, The New York Times Pilots, Flying Magazine, Sky Harbor, Boeing Locations: Airport Mississippi, New Orleans, San Francisco, American, Dallas, louisiana, louisiana Magnolia Minden arkansas, Minden louisiana, United States, U.S, San Diego, Phoenix, Swiss, Continental, Buffalo, United, Delta, Southwest, —, Austin, Texas, New York, Austin , Texas, Sarasota , Fla, Burbank, Calif, Boston, New York City, Fort, Salt Lake, Ontario, Denver, Las, Portland ,, Baltimore, Miami, Peoria, Ill, Fort Worth, Jacksonville, Fla, Philadelphia, Fort Lauderdale, Lexington, Ky, Tampa

☆ What Mike Epps Learned From ‘Sanford and Son’
▼ + stars: | 2023-08-05 | by ( Chris Kornelis | ) www.nytimes.com time to read: +2 min

When you’re a Black man and you see a Black movie like that that is macho, you know, you want to be a part of it in some capacity. When people see me riding it, they look at me like I’m crazy and say: “What the hell you doing? Killer Mike is one of those guys that has been blessed to have that voice for our people. 9Treasure HuntingWhen I’m out on the road telling jokes, the first thing I want to hit is a vintage store. I want to hit the vintage clothing store, and I want to hit the antique furniture store.

Persons: ’, “, ”, Michael B, Jordan, you’re, Denzel Washington, Jackson, Mike It’s, Mike Organizations: Denzel, Detroit Locations: Miami, America, Detroit

☆ Sen. Cynthia Lummis on bipartisan crypto regulation bill: Lays out 'rules of the road' for companies
▼ + stars: | 2023-07-12 | 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 EmailSen. Cynthia Lummis on bipartisan crypto regulation bill: Lays out 'rules of the road' for companiesSen. Cynthia Lummis (R-Wyo.) joins 'Squawk Box' to discuss the reintroduction of a bipartisan crypto regulation bill that stalled in Congress last year, including new language on consumer protection and feedback from the SEC, and more.

Persons: Email Sen, Cynthia Lummis, Sen Organizations: Email, SEC

☆ One Year, 61 Clinics: How Dobbs Changed the Abortion Landscape
▼ + stars: | 2023-06-22 | by ( Allison Mccann | Amy Schoenfeld Walker | ) www.nytimes.com time to read: +18 min

One Year, 61 Clinics: How Dobbs Changed the Abortion LandscapeIn the year since Roe fell, 20 states enacted laws banning or restricting abortion, forcing a rapid shift in the country’s patchwork of abortion access. Hawaii A map showing the locations of abortion providers that have closed, stopped offering abortion services or opened a new location. Gabriela Bhaskar/The New York Times Emily Kask for The New York Times Emily Kask for The New York Times Emily Kask for The New York Times A year ago, the Jackson clinic was the last one standing in Mississippi. Kendrick Brinson for The New York Times Kendrick Brinson for The New York Times Kendrick Brinson for The New York Times Kendrick Brinson for The New York Times Terreisha Rancher, 26, recently sat in an exam room at the West Alabama Women’s Center in Tuscaloosa, pregnant and uninsured. No abortions Austin, Texas Closed Houston No abortions Madison, Wis. No abortions Memphis A grid of photos of abortion clinics in nine locations.

Persons: Roe, Wade, Dobbs, he’s, Mary Mathis, Kendrick Brinson, Madeleine Hordinski, Mo ., Gabriela Bhaskar, New York Times Emily Kask, The New York Times Emily Kask, Jackson, “ Hunt ”, David Carpenter, “, ”, Carpenter wasn’t, Kathaleen Pittman, Emily Kask, Ms, Pittman, The New York Times Madeleine Hordinski, The New York Times Diane Derzis, Diane Derzis, Derzis, Louis, Doug Lane, “ It’s, hasn’t, Josefina Montoya, Dr, Darin Weyhrich, Weyhrich, Sarah Anne Miller, The New York Times “, you’re, The New York Times Kendrick Brinson, Leah Torres, Yashica Robinson, Dalton Johnson, Alabama’s, Robinson, Verónica, The New York Times Verónica, Yolanda Chapa, Derlis Garcia, Bekki Vaden, Jessica Tezak, “ I’ve, Vaden Organizations: The New York Times, Walmart, Physicians, Ore, Neb . Ohio Ind, Ill . Utah W.Va, Miss . Ala . Texas La, Alaska Fla, Jackson, Health Organization, New York Times, Milwaukee, Dallas, Fort, Fort Worth ., San Antonio, Indianapolis, Houston, Alabama Women’s, El Paso, OB, West Alabama Women’s, Medicaid, “, ”, McAllen Pregnancy, Okla, Antonio Locations: Milwaukee, CeeJ, Montgomery, Ala, Bristol, Tenn, Va, Mont, N.D, Vt, Minn, N.H . Idaho, Wis, N.Y, Wyo, Pa . Iowa, Neb . Ohio, Del . Md, Ill . Utah, Colo . Calif, Mo, Mo . Kan, Ky, N.C, Ariz, ., Miss . Ala . Texas, Alaska, Hawaii, New Mexico, Texas, N.H . Idaho S.D, Mass, Conn, R.I . Mich, Nev . Ohio, Kan, Miss . Ala ., New Mexico . Texas, Fla, In Texas, Alaska Hawaii, Texas La, Alaska Fla, Dobbs, Mississippi, Birmingham, Charleston, W.Va, Savannah, Ga, Antonio, Worth, Dallas ; Savannah , Georgia, Fort Worth, Birmingham , Alabama, Charleston , West Virginia, San Antonio, Shreveport, La, Florida, Louisiana, Tennessee, Virginia, Oklahoma, Baton Rouge, Juliet, Falls , Idaho, Orleans, Baton Rouge , Louisiana, New Orleans, Juliet , Tennessee, Indianapolis, St, Louis ; Oklahoma, Twin Falls , Idaho, Jackson, ”, Huntsville, Illinois, North Carolina, Flagstaff, McKinney , Texas, Austin, Waco, Bend, Houston, Flagstaff , Arizona, Rock , Arkansas, Austin , Texas, El Paso ; Houston ; Waco , Texas, West Bend , Wisconsin, Boise , Idaho, Tuscaloosa, Louisville, Tulsa, Okla, Meridian, Idaho, Memphis, Little Rock , Arkansas, Tulsa , Oklahoma, Meridian , Idaho, Louisville , Kentucky, Oklahoma City, Nashville, McAllen, Sioux, S.D, Madison, Sioux Falls , South Dakota, Madison , Wisconsin, Knoxville

☆ What Is a Jumbo Mortgage, and How Do You Get the Best Rates?
▼ + stars: | 2023-06-21 | by ( Beth Decarbo | ) www.wsj.com time to read: +9 min

What is a jumbo mortgage? Do jumbo loans come with jumbo mortgage rates? Many times, jumbo rates are lower than those for conforming loans, in part because the stringent requirements to qualify for a jumbo loan lessen the risk that borrowers will default. Tips to save on a jumbo loanWith some savvy strategies, house hunters in need of a jumbo mortgage can reduce their costs. Chase, for example, offers the highest jumbo limits (up to $9.5 million), which is one of the reasons it is Buy Side’s pick for best jumbo mortgage lender.

Persons: Beth DeCarbo, Fannie Mae, Freddie Mac won’t, Greg McBride, ”, Jacob Channel, Andy Wagner, Wagner, Bankrate’s McBride, Michael P, aren’t, Lani, —, Guy Cecala, ” Cecala Organizations: New, Federal Housing Finance Agency, Government, Jumbo, Nations Lending, ARM, American Mortgage Resource Inc, Inside Mortgage Finance, Bank of America, Chase, Mortgage Finance Locations: Minneapolis, Sacramento, CA, Denver, Boston, San Diego, New York City, Jackson, Chicago, Massachusetts, Wells, Fargo

☆ 30 Tons of Explosive Chemicals Lost During Rail Shipment
▼ + stars: | 2023-05-21 | by ( Amanda Holpuch | Joshua Needelman | ) www.nytimes.com time to read: 1 min

About 60,000 pounds of ammonium nitrate, a chemical used as a fertilizer and in explosives, went missing on a rail shipment from Wyoming to California in April and has still not been found, officials said. Dyno Nobel, an explosive manufacturing company, notified the federal government of the loss and said in a statement that it was investigating what happened during the nearly two-week journey. The company said the rail car with the material was sealed when it left a manufacturing site in Cheyenne, Wyo., and the seals “were still intact” when it arrived in Saltdale, Calif.“The initial assessment is that a leak through the bottom gate on the rail car may have developed in transit,” the statement said.

☆ What Christian Nationalism Has Done to Wyoming Is a Sin - The New York Times
▼ + stars: | 2023-05-21 | by ( Susan Stubson | ) www.nytimes.com time to read: +2 min

What followed was an uncomfortable master class in racism and xenophobia as the man decanted the reasons our country is going down the tubes. I now understand the ugliness I heard was part of a current of Christian nationalism fomenting beneath the surface. And in large part, it’s my faith community, white, rural and conservative, that got them there. As my faith grew, so did Tim’s political career in the Wyoming Legislature (he served in the House from 2008 to 2017). Christian nationalists have hijacked both my Republican Party and my faith community by blurring the lines between church and government and in the process rebranding our state’s identity.

The number of Twitter mobile app downloads actually declined 18% in February to 14.05 million from 17.2 million in January. Meanwhile, Twitter had 14.9 million app downloads in April, which is a 2% increase from the 14.6 million downloads it accumulated in March. Musk's Twitter makeover has sparked new interest in decentralized social networks. Elon Musk's Twitter is facing new competition from a rival called Bluesky, a so-called decentralized communications app that is backed by Twitter co-founder and twice-former CEO, Jack Dorsey. The front-end apps built atop these decentralized platforms are often clunky, not professional-looking or easy to use.

☆ Wolf Watching Is a Great Hobby, If You Don’t Mind the Cold and the Carcasses
▼ + stars: | 2023-04-17 | by ( Angela Owens | ) www.wsj.com time to read: 1 min

YELLOWSTONE NATIONAL PARK, Wyo.– It’s just after 6 a.m. when Rick McIntyre pulls into a turnout on the side of the road. The sun hasn’t yet risen over the mountains and the thermometer on his dashboard reads minus 11 degrees. He shakes a pair of air-activated hand warmers and aims a dark-green spotting scope at the hills. At the base of the hills is an elk carcass, and somewhere in the trees above it, a small pack of wolves. The wolf watchers have arrived.

☆ She Gave Her Van a 1970s Overhaul, Shag Carpet Included
▼ + stars: | 2023-04-15 | by ( A.J. Baime | Photographs Natalie Behring For The Wall Street Journal | ) www.wsj.com time to read: 1 min

Soumaya Majout Bent , 35, who lives in Jackson Hole, Wyo., and Santa Barbara, Calif., and is a student planning on opening a restaurant in Santa Barbara, on her 1977 Dodge custom van, as told to A.J. It was the week of my wedding, and my fiancé and I were driving in Chicago. We saw this van parked on a lawn with a “for sale” sign. I was always mentioning how I wanted a van to go road tripping. I yelled, “Stop the car!” When we approached the van, I noticed two other people looking at it.

☆ Inside the Online Market for Overseas Abortion Pills
▼ + stars: | 2023-04-13 | by ( Allison Mccann | ) www.nytimes.com time to read: +17 min

A selection of abortion pill kits available online from overseas sellers. A chart of the estimated number of abortion pills provided outside the U.S. health care system from July through December 2022. For most patients, the cost of the service remains the most important factor in deciding where to get pills online. A chart showing the minimum, average and maximum cost of abortion pills from overseas providers: Aid Access, Las Libres and for-profit online sellers. A chart showing the minimum, average and maximum delivery speeds of abortion pills from overseas providers: Aid Access, Las Libres and for-profit online sellers.

☆ Where Restrictions on Abortion Pills Could Matter Most
▼ + stars: | 2023-03-02 | by ( Allison Mccann | Amy Schoenfeld Walker | ) www.nytimes.com time to read: +10 min

Abortion providers in the United States A United States map shows the location of abortion providers in states without abortion bans. total abortions Medication abortions 71,700 61,500 58% 37,500 32,100 28,800 29,500 41% 61% 60% 51% 52% Florida New York Georgia Pa. Mich. N.C. N.J. Ohio Wash. Mass. Some ways the ruling could affect the availability of abortion pills A flowchart shows possible outcomes from a judge’s ruling and highlights how abortion pills could remain available under some scenarios. Even if the judge rules in favor of the plaintiffs, abortion pills could remain available. The foundation’s Wichita, Kansas, clinic sees more than 500 patients a month, many from Texas, and 60 percent choose abortion pills.

Haley, 51, dug into the difference in ages between 80-year-old President Joe Biden and her challenger Trump, who's 76. She enters the race trailing Trump and other would-be challengers in public polls. A Morning Consult poll on Tuesday, for instance, shows Trump backed by 47% of Republican primary voters, while just 3% of respondents said they would pick Haley. Haley's widely anticipated announcement makes her just the second candidate in what's likely to become a wide Republican primary field. "Haley's entrance officially kicks off a messy 2024 primary race for the MAGA base that has long been brewing," it said.

The tumult that broke out last month during the election of Kevin McCarthy for speaker illustrated the potential for profound dysfunction in the new House Republican majority. Here is a closer look at the fractious House Republican caucus. Chart of House Republicans highlights members who denied the 2020 election results, were supported by the House Freedom Fund, or both. Representative Harriet Hageman of Wyoming, who has also denied the 2020 election results, defeated Representative Liz Cheney in the primary. A Venn diagram shows the Republican newcomers in the House who either denied the 2020 election results, were supported by the House Freedom Fund, or both.

McCarthy made good on his promise to block former House Intelligence chair Adam Schiff and Rep. Eric Swalwell — both California Democrats — from serving on that panel. In addition to keeping Schiff and Swalwell off the Intelligence Committee, McCarthy previously said he intended to remove Rep. Ilhan Omar, D-Minn., from the Foreign Affairs Committee. Rep. Thomas Massie, R-Ky., who backed McCarthy but has caused headaches for GOP leadership in the past, also got a slot on the panel. The coronavirus committeeRep. Brad Wenstrup, R-Ohio, will chair the special committee investigating the spread of the coronavirus. Last week, McCarthy named GOP members to a third select committee, focused on competition between the U.S. and the Chinese Communist Party.

☆ Most Abortion Bans Include Exceptions. In Practice, Few Are Granted.
▼ + stars: | 2023-01-21 | by ( Amy Schoenfeld Walker | ) www.nytimes.com time to read: +19 min

But abortion-rights advocates say legal exceptions do nothing but make abortion bans appear more reasonable than they really are. One shows states with abortion bans with exceptions for rape or incest and the other shows states without those exceptions. One shows states with abortion bans with exceptions for fatal birth defects and the other shows states without those exceptions. One shows states with abortion bans with exceptions for patients with severe health risks and the other shows states without those exceptions. One shows states with abortion bans with exceptions for the life of the patient and the other shows states without those exceptions.

House Democrats marked the second anniversary of the Jan. 6 riot Friday with a solemn ceremony on the steps of the U.S. Capitol, which Minority Leader Hakeem Jeffries called "a citadel of democracy" that had come under assault that day. "We stand here today with our democracy intact because of those officers," he said. A bipartisan group of lawmakers observe a moment of silence on the steps of the Capitol on the second anniversary of the Jan. 6 riot. "They failed because of the bravery and valor of the U.S. Capitol Police and the Metropolitan Police Department officers who fought heroically to defend our democracy," he said. Last year, only then-Rep. Liz Cheney, R-Wyo., joined House Democrats for a moment of silence on the first anniversary of the attack.

WASHINGTON — Patrick Leahy was swept into the Senate nearly a half-century ago in the wake of the Watergate scandal and President Richard Nixon’s resignation and pardon. Ron Frehm / APSen. Leahy take photos on the inaugural stand during Barack Obama's presidential inauguration at the Capitol on Jan. 21, 2013. Let’s stay here and vote where we can be seen.”Sen. Leahy, D-Vt., walks to the Senate Chamber on Jan. 6, 2021. Ira Schwarz / APSupreme Court nominee Judge Sonia Sotomayor is sworn in by committee chairman Sen. Leahy, D-Vt., during her confirmation hearing in 2009 in Washington. Richard Shelby, R-Ala., and Patrick Leahy, D-Vt., in the Senate subway.

☆ Jan. 6 response would have been 'vastly different' if rioters were Black, House sergeant at arms told investigators
▼ + stars: | 2022-12-28 | by ( Ryan J. Reilly | Ryan J. Reilly Is A Justice Reporter For Nbc News. | ) www.nbcnews.com time to read: +4 min

WASHINGTON — The House sergeant at arms, who was head of the D.C. National Guard during the attack on the U.S. Capitol, told the Jan. 6 committee that the law enforcement response would have looked much different had the rioters been Black Americans. I think it would have been a vastly different response if those were African Americans trying to breach the Capitol,” William J. Walker told congressional investigators, in an interview transcript released Tuesday. Walker indicated he thought that more rioters would have died at the hands of law enforcement on Jan. 6 had the makeup of the crowd not been overwhelmingly white. “You know, as a law enforcement officer, there were — I saw enough to where I would have probably been using deadly force,” Walker said. Walker told investigators that it was clear to him beforehand that Jan. 6 was going to be a "big deal" just from being aware of what was happening in the world.

WASHINGTON — The House Jan. 6 committee on Thursday unveiled its formal report, the final product of its historic 18-month investigation into the deadly attack on the Capitol and former President Donald Trump’s efforts to overturn the 2020 election. It was the first time in history that a congressional committee had made criminal referrals for a U.S. president. A video of former President Donald Trump is shown at the House Jan. 6 committee's final meeting Monday. "Among the most shameful of this committee’s findings was that President Trump sat in the dining room off the Oval Office watching the violent riot at the Capitol on television. At her final news conference as speaker Thursday, Pelosi praised Thompson, Cheney and the other Jan. 6 members for their "persistent, patriotic leadership."

A blast of Arctic air will also plunge much of the country into bitter and, in some cases, dangerous cold, forecasters say. In some parts of this area, the wind chill could reach as low as minus 70 degrees, according to the Weather Service. Brief bursts of moderate to heavy snow lasting an hour or two are likely to occur immediately behind the Arctic front. Strong southerly winds, combined with the new moon-tide cycle, could also bring coastal flooding from northern New Jersey to northeast Massachusetts, the Weather Service said. Meteorologists warned local residents that this is not a normal lake effect event with a narrow band of heavy snow.

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