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The Fed's own economists aren't sure if the US economy will suffer a recession or not. They believe it's a virtual coin toss whether there's a mild downturn or none at all. Even the Federal Reserve's own economists say it's basically a coin toss, the minutes from the Fed's June meeting show. The central bank's staff predicted that banks would keep pulling back on lending, tightening financial conditions and causing real gross domestic product (GDP) to decline modestly for the next two quarters. They also tend to damp demand, lift unemployment, and pull down asset prices, increasing the risk of a recession.
Persons: , it's, Jerome Powell Organizations: Service, Silicon Valley Bank, Signature Bank, Fed Locations: Silicon
One man arrived in shorts and a baseball cap with a large drone under his arm. Another participant, Yuriy, an engineer and deputy head of a Ukrainian company, said his team presented designs for new anti-drone electronic warfare systems that would be more effective against Shaheds. "This really is an unprecedented war of drones," Fedorov said, adding that Ukraine's military technology innovation had boomed since Russia's invasion. Anatoliy Khrapchynskyi, who works for a firm developing electronic warfare technology, contrasted Ukraine's approach to technological innovation with Russia's. "There were seven companies that could sell drones to the state when we began this project last year.
Persons: Yuriy Motov, Alina Smutko, Mykhailo Fedorov, Oleksandr Kubrakov, Fedorov, Oleksandr, Yuriy, Yurii, Shchyhol, Anatoliy Khrapchynskyi, ", " Fedorov, Tom Balmforth, Mike Collett, White, Gareth Jones Organizations: REUTERS, Russian, Reuters, Shaheds, Army, Defence Ministry, Thomson Locations: Ukraine, Russia, KYIV, Kyiv, Ukrainian, Yemen, Syria, Nagorno, Karabakh, China
CNN —Former President Donald Trump said in 2016 that a president under indictment would “cripple the operations of our government” and create an “unprecedented constitutional crisis” – years before he himself was indicted on federal charges while running for a second term as president. Trump made the comments nearly seven years ago about Hillary Clinton during the 2016 presidential campaign. “We could very well have a sitting president under felony indictment and ultimately a criminal trial,” Trump said during a November 5, 2016, campaign rally in Reno, Nevada, reviewed by CNN’s KFile. In another comment, made when running for reelection, Trump acknowledged only the sitting president could reveal classified information. “First of all, I’m allowed to do it, I’m the President so I’m allowed to.
Persons: Donald Trump, , Trump, Hillary Clinton, ” Trump, CNN’s KFile, James Comey, won’t, , Bob Woodward, I’m Organizations: CNN, Republican, Politico Locations: Reno , Nevada, Concord , North Carolina, Denver, Iran, Pennsylvania
Hong Kong CNN —Hong Kong police on Monday placed bounties on eight prominent democracy activists in self-imposed exile overseas, offering HK$1 million ($127,603) rewards each for information leading to their arrests. After leaving Hong Kong in recent years, many of the activists have continued to speak out against what they say is Beijing’s crackdown on their home city’s freedoms and autonomy. The sweeping law was imposed by Beijing on Hong Kong in 2020, after huge pro-democracy protests roiled the semi-autonomous city in the previous year. The Hong Kong government has repeatedly denied the national security law is suppressing freedoms. “I feel no joy over this, but feel sad for Hong Kong that people now see things this way, because it is an indication of how low Hong Kong has gone in the eyes of many,” he told CNN from Australia.
Persons: Nathan Law, Dennis Kwok, Ted Hui, Hong, Steve Li, , , Kevin Yam Organizations: Hong Kong CNN, Hong, HK, CNN Locations: Hong Kong, United States, Canada, Britain, Australia, Beijing
June 23 (Reuters) - Oil prices fell for a second straight session and were headed for a weekly decline of more than 3% on Friday, as a higher-than-expected interest rate hike in Britain and warnings about looming rate rises in the U.S. ignited concerns over demand. An increase in the value of the dollar, which has risen 0.3% this week, can weigh on oil demand by making the fuel more expensive for holders of other currencies. Federal Reserve Chair Jerome Powell said the central bank would move interest rates at a "careful pace" from here as policymakers edge towards ending their historic round of monetary policy tightening. Higher interest rates increase borrowing costs for businesses and consumers, which could slow economic growth and reduce oil demand. Fears of hikes by major central banks have clouded the fuel demand outlook for the rest of the year.
Persons: Brent, Tina Teng, Jerome Powell, Edward Moya, Arathy Somasekhar, Sonali Paul, Jamie Freed Organizations: U.S, West Texas, CMC, Bank of England, Energy Information Administration, Energy, OANDA, Thomson Locations: Britain, U.S
The US is heavily reliant on Russia's cheap nuclear fuel to produce emissions-free energy. Russia's nuclear agency has been running Zaporizhzhia nuclear power plant since its capture from Ukraine. The money for enriched uranium is received by subsidiaries of Rosatom, Russia's state-owned nuclear agency, which has been running Ukraine's Zaporizhzhia nuclear power plant since its forceful capture in March 2022. US companies spent about $1 billion in 2022 buying nuclear fuel from Rosatom, The New York Times reported. According to The New York Times, around a third of enriched uranium used in the US is now imported from Russia.
Persons: , Joe Biden, Darya Dolzikova, ANDREY BORODULIN, Biden, Putin, Antony Froggatt, Frogatt Organizations: Service, The New York Times, Times, Royal United Services Institute, Getty, Union, West, Street Journal, Rosatom, Environment and Society Centre of London, Chatham House, Washington Post Locations: Ukraine, The, Russia, Rosatom, Russia's, AFP
WASHINGTON — Two top Republican congressmen on Thursday urged the Justice Department to investigate intellectual property theft from American small businesses by Chinese actors. "Ensuring the safety of American small businesses from IP-related crimes is crucial, and we urge the U.S. Department of Justice to utilize all tools and capabilities at its disposal," the lawmakers wrote. Gallagher is chairman of the House Select Committee on the Chinese Communist Party, while Williams chairs the House Committee on Small Business. Evidence of Chinese IP theft from U.S. businesses dates back several years. In 2019, 1 in 5 North American companies on the CNBC Global CFO Council reported IP theft from Chinese companies within the last year.
Persons: Mike Gallagher, Elise Stefanik, Steve Scalise, Wisconsin, Roger Williams of, General Merrick Garland, Gallagher, Williams, China — Organizations: Chinese Communist Party, Republican National Committee, Washington , D.C, WASHINGTON —, Justice Department, U.S . Department of Justice, Small, National Bureau, Asian, Commission, American Intellectual, U.S . Trade Representative, U.S, CNBC Global, CCP, DOJ's, Force, Intellectual, Fox Business, China, GOP Locations: Washington ,, WASHINGTON, Roger Williams of Texas
Jen Easterly, director of the Cybersecurity and Infrastructure Security Agency, testifies before a House Homeland Security Subcommittee, at the Rayburn House Office Building in Washington, D.C., April 28, 2022. China's cyber-espionage and sabotage capacities are an "epoch-defining threat," the top U.S. cybersecurity official said, warning that in the event of open warfare "aggressive cyber operations" would threaten critical U.S. transportation infrastructure "to induce societal panic." "We, as an American people, need to understand not just cyber resilience but the imperative of operational resilience and the importance of societal resilience," the CISA director said. Chinese cyber infiltration and espionage have been an ongoing concern for American companies. A disruption of critical pipelines, communications infrastructure, or transportation services could cripple the U.S. economy in the case of conflict.
Persons: Jen Organizations: Infrastructure Security Agency, Homeland Security, Washington , D.C, China's, Infrastructure Security, Aspen Institute, Microsoft, U.S, Corporate, U.S ., Colonial Pipeline Locations: Rayburn, Washington ,, U.S, China, Asia, East
"We can state for sure that this offensive has begun," Russian President Vladimir Putin said in Sochi. "Ukrainian troops did not achieve their goals in any sector." Ukrainian military analyst Oleksander Musiyenko, interviewed on Ukrainian NV Radio, said Ukraine was making gains but dismissed Russian reports of a major counter-offensive in south-central Zaporizhzhia region. The counteroffensive is ultimately expected to involve thousands of Ukrainian troops trained and equipped by the West. Deputy Defence Minister Hanna Maliar said only that battles were continuing for Velyka Novosilka and Russian troops were mounting "active defence" at Orikhiv.
Persons: Putin, Zelenskiy, Vladimir Putin, Voldymyr Zelenskiy, Oleksander Musiyenko, Musiyenko, Ben Barry, They've, Barry, Hanna Maliar, Velyka Novosilka, Prystan, Oksana, Ukraine Denise Brown, Mark Trevelyan, Olena Harmash, Ron Popeski, Peter Graff, Diane Craft, Angus MacSwan, Nick Macfie, Andrew Heavens, Philippa Fletcher, Daniel Wallis Organizations: Press, State Emergency Service of, Ukrainian NV, West, United, Kyiv, International Institute for Strategic Studies, U.S, Bradley, Deputy, Reuters, United Nations, Kremlin, Thomson Locations: Russian, Ukraine, Zviahel, Zhytomyr region, State Emergency Service of Ukraine, Zhytomyr ., Russia, Ukrainian, KYIV, Moscow, Kyiv, U.S, Sochi, United States, Orikhiv, Crimea, Tokmak, Europe, Dnipro, Voronezh, Belgorod, Kursk
Press service of the State Emergency Service of Ukraine in Zhytomyr... Read moreKYIV, June 9 (Reuters) - Russia reported heavy fighting along the front in southern Ukraine on Friday, where bloggers described the first sightings of German and U.S. armour, signalling that Ukraine's long-anticipated counterattack was under way. The counteroffensive is ultimately expected to involve thousands of Ukrainian troops trained and equipped by the West. Russia, which has had months to prepare its defensive lines, says it has withstood attacks since the start of the week. Ukrainian Deputy Defence Minister Hanna Maliar described heavy fighting in the east, where she said Ukrainian troops had mainly held off Russian attacks. On the southern front she said only that battles were continuing for the settlement of Velyka Novosilka and that Russian troops were mounting "active defence" at Orikhiv.
Persons: Read, Ben Barry, They’ve, Barry, Volodymyr Zelenskiy, it's, Hanna Maliar, Ihor Taburets, Mark Trevelyan, Peter Graff, Angus MacSwan, Nick Macfie Organizations: Press, State Emergency Service of, West, Kyiv, International Institute for Strategic Studies, U.S, Bradley, Kremlin, Ukrainian, Reuters, Thomson Locations: Russian, Ukraine, Zviahel, Zhytomyr region, State Emergency Service of Ukraine, Zhytomyr ., KYIV, Russia, U.S, Orikhiv, Crimea, Tokmak, Dnipro, Moscow, Bakhmut, Europe, Velyka, Ukrainian, Cherkasy, Voronezh, Kyiv
A would-be parent asks whether it's selfish to have children today because the world's going to hell. "The Ethicist" (Kwame Anthony Appiah) provides a long, thoughtful response to this question that boils down to, "yes." And, therefore, it might be mean or selfish or irresponsible for would-be parents to bring children into the world. But more importantly, despite climate change, et al, the world actually isn't worse than it has ever been. So, yes, worried would-be parents, by all means have children.
Persons: , Kwame Anthony Appiah, Kwame's, it's, Steven Pinker, we've, That's, maiming Organizations: Service, New York Times, Harvard University Locations: York
Obviously, the line is not perfect, but I think that’s a very sensible line. And I don’t think that’s all about absorption capability. But I don’t think it’s fair to say that the Russians have done everything they can. fareed zakaria[LAUGHS] And by the way, I think that’s some key to understanding the alliance is a personal one. I think India, Israel, and Poland — usually, in the 70 percent-plus say they like — have a favorable view of America.
Persons: ezra klein, it’s, Fareed Zakaria, Zakaria, “ Fareed Zakaria, fareed zakaria, Ezra, Putin, They’ve, there’s, fareed zakaria It’s, they’re, It’s, Fidel Castro, Sean Penn, haven’t, you’re, won’t, Biden, They’re, Washington, Winston Churchill, Merkel, wouldn’t, , Nancy Gibbs, Khomeini, Macron, Ron DeSantis, YouGov, fareed zakaria I’m, that’s, DeSantis, Lindsey Grahams, Mitch McConnell, Xi Jinping, ezra klein Yes, Xi, Gorbachev, Zelensky, Trump, Obama, Bush, United States —, McCarthy’s, I’ve, they’d, doesn’t, didn’t, ezra klein They’re, fareed zakaria They’re, we’ve, Simpson, I’m, Janet Yellen, Colin Powell, unquote, That’s, Jonathan Haidt, We’ve, he’s, fareed zakaria That’s, they’ve, fareed zakaria Well, gee, TikTok, we’re, George Kennan, Mike Gallagher, klein, Nirupama Rao, Bob Kagan, can’t, — fareed zakaria, Lord Mountbatten, Gandhi, Franklin Roosevelt, Ho Chi Minh, fareed zakaria Right, narratively —, Modi, you’ve, China’s —, fareed zakaria Modi, India’s, Advani, Vajpayee, you’d, There’s, India, Joe Biden, fareed zakaria I’ve, Benedict Anderson’s “, Orville Schell, John Delury, Sunil Khilnani, ezra klein Fareed Zakaria Organizations: CNN, The Washington Post, Putin, Starbucks, Russia, Revolutionary Guard, NATO, Ukrainian, Communist, European Union, U.S, Republican Party’s, Republican Party, Republicans, ASEAN, Trump, Defense, United, U.S ., Democrats, Chinese Communist Party, State, Facebook, Google, Soviet Union, Huawei, Twitter, South China Seas, Foreign Affairs, Yale Law, International Criminal, South China, . Security, Trade Organization, Pax Americana, Americana, New York Fed, America, Republican, Fox, Beijing Locations: ezra klein Russia, Ukraine, Russia, America, Europe, China, India, Russian, United States, Relatedly, Japan, Turkey, Holland, South Korea, Singapore, Iran, Venezuela, Central America, Southeast Asia, Washington, Britain, , U.S, United Europe, Germany, Soviet Union, Vietnam, Beijing, Trump, Asia, Iraq, Hainan, Montana, Republic, Soviet, weirdly, South, Taiwan, Pakistan, New Delhi, South Africa, Kuwait, Russia’s, Eden, Saudi Arabia, Indonesia, Kashmir, it’s, Cuba, Pax, American, Mumbai, Shanghai, Israel, Poland, Indian, Nigeria
The US is gearing up for a potential battle in outer space, according to a top official. The military "is ready to fight tonight in space if we have to," Brigadier general Jesse Morehouse said Thursday. "The United States of America is ready to fight tonight in space if we have to," brigadier general Jesse Morehouse of the US Space Command told reporters. Leaked US intel documents seen by The Washington Post last month showed that the military believes Russia's space program is declining – but China's could "hold key US and Allied space assets at risk." Military strategists believe that any possible space war would involve countries attacking each other's satellites in a bid to cripple key infrastructure, because of the bodies' role in defense communications and navigation.
Roy Cooper said on Monday that the state's education system is in a "state of emergency." Roy Cooper declared a "state of emergency" for its education system on Monday. "Public education powers our workforce, builds our businesses, and boosts our communities. "The current General Assembly is considering extreme legislation that would cripple our public education system." Instead, use public money for public schools."
The good, bad and ugly about BMI
  + stars: | 2023-05-22 | by ( Sandee Lamotte | ) edition.cnn.com   time to read: +8 min
Short for body mass Index, BMI is nothing more than a crude measurement of a person’s body fat based on height and weight. Yet critics say the term BMI has become a societal judgment by lumping individuals into arbitrary categories that perpetuate misconceptions about body weight. “Yet it has become completely medicalized that health equals weight, weight equals health based on BMI. Conversely, BMI can underestimate body fat in older adults and anyone who has lost muscle, according to the Harvard T.H. More conundrums: Women naturally have more body fat and less muscle mass than men, while some racial and ethnic groups are genetically predisposed to carry more or less lean muscle mass and body fat.
During his address, Assad presented himself as an elder statesman, lecturing his neighbors about the need to take advantage of changes in global politics. “Today we are faced with an opportunity of change in the global order, which has become multipolar due to the hegemony of the West, which is devoid of principles, morals, friends or partners,” Assad told the summit, held in the Saudi port city of Jeddah. But observers have differed as to whether real economic cooperation with Syria is possible without access to the Western financial system, which has been blocked by Western sanctions on the country. “They can also try working with or through Russia, and possibly with and through Iran – although that carries its own obvious risks,” he said, referring to Arab states that want to do business in Syia. There are plenty of ways of doing this.”Assad’s ultimate goal however, said Landis, is to get sanctions lifted with the help of Arab states.
At the beginning of the war in Ukraine, President Biden told the country’s president, Volodymyr Zelensky, that he could not have American precision missile systems. Washington’s pattern of saying no before saying yes has repeated itself enough times over the past 15 months that Ukrainian officials say they now know to ignore the first answer and keep pressing. White House officials insist this reflects not indecision, but changing circumstances — and changing assumptions about the risks involved. And after China’s leader, Xi Jinping, explicitly warned late last year against threatening the use of nuclear weapons, Mr. Putin has quieted down. Some experts warn that Mr. Putin hasn’t dropped his nuclear threats; just delayed them.
At the beginning of the war in Ukraine, President Biden told the country’s president, Volodymyr Zelensky, that he could not have American precision missile systems. It all raises the question: Are there any conventional weapons in the American or NATO arsenals that the president would not, eventually, provide to Ukraine? Washington’s pattern of saying no before saying yes has repeated itself enough times over the past 15 months that Ukrainian officials say they now know to ignore the first answer and keep pressing. And after China’s leader, Xi Jinping, explicitly warned late last year against threatening the use of nuclear weapons, Mr. Putin has quieted down. Some experts warn that Mr. Putin hasn’t dropped his nuclear threats; just delayed them.
At the beginning of the war in Ukraine, President Biden told the country’s president, Volodymyr Zelensky, that he could not have American precision missile systems. Washington’s pattern of saying no before saying yes has repeated itself enough times over the past 15 months that Ukrainian officials say they now know to ignore the first answer and keep pressing. But White House officials say the shifting positions reflect not indecision, but changing circumstances — and changing assumptions about the risks involved. And after China’s leader, Xi Jinping, explicitly warned late last year against threatening the use of nuclear weapons, Mr. Putin has quieted down. Some experts warn that Mr. Putin hasn’t dropped his nuclear threats; just delayed them.
WASHINGTON, May 18 (Reuters) - President Joe Biden and Republican U.S. House Speaker Kevin McCarthy have voiced growing confidence about striking a debt-ceiling deal to avoid a catastrophic default, but they could be tripped up by last-minute opposition from the hardline House Freedom Caucus. We need something that's going to work," said Representative Chip Roy, a prominent Freedom Caucus member. Freedom Caucus members are demanding greater spending austerity than some Democrats will accept. Something tepid won't do," said Representative Dan Bishop, a Freedom Caucus member. "There should be no further discussion until the Senate passes the legislation," the Freedom Caucus statement said.
The Day Title 42 Ended
  + stars: | 2023-05-16 | by ( Michael Barbaro | Carlos Prieto | Clare Toeniskoetter | ) www.nytimes.com   time to read: 1 min
For weeks, officials have feared that the end of Title 42 would create a crisis at the U.S.-Mexico border that would strain and possibly cripple America’s immigration system. Natalie Kitroeff, the New York Times bureau chief for Mexico, Central America and the Caribbean, reports from the border about what actually happened when the pandemic-era policy expired.
Senator Joe Manchin said on Wednesday he would oppose all nominees for Environmental Protection Agency (EPA) posts until President Joe Biden's administration halts what he described as its "radical climate agenda." Manchin, who represents the coal-producing state West Virginia, delivered his ultimatum a day ahead of the EPA's planned roll-out on Thursday of its new carbon emission standards for new and existing power plants. He said he worried the rules could cripple coal- and gas-fired power plants. "If the reports are true, the pending EPA proposal would impact nearly all fossil-fueled power plants in the United States, which generate about 60% of our electricity, without an adequate plan to replace the lost baseload generation," Manchin said in a statement. Reporting by Rami Ayyub; Editing by Doina ChiacuOur Standards: The Thomson Reuters Trust Principles.
The US could breach the debt ceiling and run out of money to pay its debts as soon as June 1. A White House official previously told Insider that Biden would stress that Congress "must take action to avoid default without conditions." Additionally, Wall Street's response to the debt-ceiling crisis is different this time around. Even so, he added, this debt-ceiling crisis "seems much more dangerous" than the ones from the Obama years. Biden has options to avoid a debt-ceiling crisis that don't involve CongressTuesday's meeting between Biden and congressional leadership aims to break through the logjam.
Ukrainian Air Force Commander Mykola Oleshchuk said the Kh-47 Kinzhal had been shot down on Thursday night over the region outside Kyiv. The Air Force said it had been taken down by a U.S. Patriot air defence system. Ukraine said the missile was fired during a drone attack on Kyiv and other cities in the early hours of Thursday. Ukraine's Air Force was previously seen as unable to shoot down ballistic missiles, which Russia used to strike residential areas and Ukraine's power infrastructure. The Air Force on Saturday said it shot down eight Shahed drones launched by Russia on the eastern and south-east Ukrainian regions in an overnight attack.
And it will happen just after the May 9 Victory Day pomp and celebration, as, he insists, Wagner are patriots. But he has never said he will likely cripple one of Russia’s most symbolic frontlines by just walking away. Wagner forces would have to walk out of a battlefield which is – on the surface – for the most part controlled by Putin’s Ministry of Defense. Putin is absorbing a lot of bad vibes at the moment to seem that much in control. It is unlikely that any fissures at the heart of the Kremlin would be made public before they were acted upon.
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