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☆ Here’s why the Fed doesn’t see a US recession in coming years
▼ + stars: | 2024-03-24 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

“The economy is strong, the labor market is strong and inflation has come way down,” Fed Chair Jerome Powell said Wednesday. Fed officials continue to expect three rate cuts this year but the days of ultra-low interest rates are long gone. Up NextMonday: The Chicago Fed releases its National Activity Index for February. The US Commerce Department releases February data on sales of new single-family homes. The US Commerce Department releases February data on household spending, income and the Fed’s preferred inflation gauge.

Persons: Goldman Sachs, Jerome Powell, Mike Skordeles, Skordeles, ” Stephanie Lang, Homrich Berg, ”, Clare Duffy, Reddit, Read, Lisa Cook, Christopher Waller Organizations: Washington CNN, Fed, Truist Advisory Services, CNN, Atlanta Fed, Employers, New York Stock Exchange, Trading, IPOs, Chicago Fed, US Commerce Department, McCormick, GameStop, Global, Board, Wednesday, Walgreens Boots Alliance, US Labor Department, University of Michigan, National Association of Realtors

☆ Fed Meets Amid Worries That Inflation Progress Might Stall
▼ + stars: | 2024-03-19 | by ( Jeanna Smialek | ) www.nytimes.com time to read: +1 min

Slowing America’s rapid inflation has been an unexpectedly painless process so far. That flatline is stoking questions about whether the final phase in fighting inflation could prove more difficult for the Federal Reserve. Fed officials will have a chance to respond to the latest data on Wednesday, when they conclude a two-day policy meeting. The Fed’s most recent economic estimates, released in December, suggested that Fed officials would make three quarter-point rate cuts by the end of 2024. Some economists think it’s possible that officials could dial back their rate cut expectations, projecting just two moves this year.

Organizations: Federal Reserve, Fed

☆ Analysis: Elon Musk puts his conspiratorial thinking on display for the world to see in Don Lemon interview
▼ + stars: | 2024-03-19 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

CNN —Elon Musk is showing the world how radicalized he has become. To those not fluent in the intricacies of right-wing media, some of what Musk said may have sounded bizarre or even foreign. But in the right-wing fever swamps, where Musk is now deeply entrenched, these are the issues that animate the masses. Once upon a time, Musk welcomed having a media personality like Lemon on the X platform. Unfortunately for the rest of the world, Musk is hell bent on taking everyone else down there with him.

Persons: CNN — Elon Musk, Don Lemon, Musk, ”, Joe, Donald Trump’s, Zoë Schiffer, Casey Newton, Lemon, “, ” Lemon, Jason Sheeler Organizations: CNN, Biden, Pravda, SpaceX Locations: America, “ America

☆ 'Bloodbath' comments aside, Trump's first rally as the presumptive GOP nominee foretold a dark campaign ahead
▼ + stars: | 2024-03-17 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +6 min

AdvertisementNo matter who you believe on the "bloodbath" comments, Trump's speech was full of other dark premonitions and statements — undisputed by his campaign — that foreshadow a grim campaign ahead as the country girds for a 7-month-long rematch between Trump and President Joe Biden. Here's a transcript of Trump's "bloodbath" comments at the Dayton, OH rally yesterday. It technically wasn't even a Trump rally. Beginning his speech, Trump called the defendants "unbelievable patriots." "I don't think you're going to have another election in this country if we don't win this election," Trump told his supporters.

Persons: Trump, —, Donald Trump, that'll, There's, Joe Biden, Here's, 6NgMQeSkqa, 9yH5g2hkfY — bryan metzger, Bernie Moreno, Lee Greenwood's, Gavin Newscum, JB, Biden, it's, Ruth Wyatt, Wyatt, she's, I'm Organizations: Service, Trump, Dayton International, Buckeye Values PAC, Citizen Free Press, Illinois Gov, Greenville Locations: Ohio, Dayton, Vandalia , Ohio, Tuesday's, Russia, California, South Carolina, Washington

The intensifying military cooperation between Russia and Niger is central to the dispute between the US and the Nigerien junta, officials said. Russia and Niger agreed to strengthen their military ties in January, Russia’s Defense Ministry said at the time. If the US were forced to withdraw, counterterrorism efforts across the region could take a hit, officials said. In return, Russia is profiting off the region’s natural resources, another official said, including the gold mines in Niger. Several European countries shared this goal, offering a measure of support to the junta, the official noted.

Persons: Michael Langley, Celeste Wallander, Col, Maj, Amadou Abdramane, Langley, Matthew Miller, ” Miller, what’s, Nusrat al, “ Organizations: CNN, US Africa Command, Air Base, American, Nigerien, Russia’s Defense, EU, Pentagon, Kremlin, West, Russian Federation, National Council, Wagner, US Locations: Africa, Russia, Africa . Niger, Niger, United States, America, Nigerien, Sahel, stoking, China, Russian, Central Africa, ”, Niamey, US, Agadez, Mali, Burkina Faso, Abdramane, Western Africa, Northwest Africa

☆ Mainstream G.O.P. Group to Target Bob Good as It Shifts Mission and Members
▼ + stars: | 2024-03-15 | by ( Annie Karni | ) www.nytimes.com time to read: +1 min

The Republican Main Street Partnership, a group that supports center-leaning House Republicans, plans to direct half a million dollars into a bid to defeat Representative Bob Good, a hard-right lawmaker from Virginia, making an unusual push to oust a sitting Republican member of Congress. The move is notable not just because the group, through its campaign giving arm, is inserting itself into the kind of intramural fight against an incumbent that it typically avoids. Its Capitol Hill headquarters serve as something of a counterweight to the Conservative Partnership Institute, which operates nearby as the nerve center of the right. But as the Republican Party has veered toward the extreme right, purging itself of what was once a sizable and influential bloc of centrists, the Main Street Partnership has also shed the “moderate” label and changed the nature of its mission. The group has recently expanded its membership to include far more conservatives, and has begun focusing less on centrism and bipartisanship and more on ridding Congress of G.O.P.

Persons: Bob Good, — John J, McGuire, Donald J, Trump, ” Organizations: Republican Main Street, House Republicans, Republican, Navy SEALs, Main, Capitol, Conservative Partnership Institute, Republican Party, centrists Locations: Virginia, G.O.P

☆ Opinion: The dangers in leaving TikTok at Beijing’s disposal
▼ + stars: | 2024-03-14 | by ( Opinion Frida Ghitis | ) edition.cnn.com time to read: +8 min

CNN —For many of the 170 million TikTok users in the United States, Wednesday’s vote in the House of Representatives to effectively ban the social media platform is worrisome. That’s just one reason why it’s laughable to hear China’s foreign ministry claim that the TikTok bill would disrupt market operations and undermine investor confidence. Most of the world’s most popular social media apps, incidentally, are banned in China unless they — or their user data — are locally based and thus easily overseen by the government. She has had multiple meetings with legislators and has spoken with Trump about protecting TikTok, according to the Washington Post. The government needs to develop oversight rules for all social media.

Persons: Frida Ghitis, Donald Trump, TikTok, Shou Chew, “, Jack Ma —, Xiao Jianhua, National Intelligence Avril Haines, Trump, ” Trump, ”, Jeff Yass, Kellyanne Conway, Meta’s Mark Zuckerberg Organizations: CNN, Washington Post, Politics, ByteDance, Frida Ghitis CNN, Pew Research, Facebook, Oracle, National Intelligence, Rutgers University, Air Force One, Microsoft, Trump, Citizens United Locations: United States, Washington, Russia, TikTok, Beijing, That’s, China, Israel, Tibet, Hong Kong, USSR

☆ Did Starbucks' job in China just get tougher? Here's our take on new campaign tariff talk
▼ + stars: | 2024-03-11 | by ( Paulina Likos | ) www.cnbc.com time to read: +8 min

During Trump's trade war, Chinese consumers turned away from some U.S. goods and services in protest. SBUX 1Y mountain Starbucks 1 year Shares of Starbucks rose 1% on Monday as investors, perhaps, shrugged off China trade war worries. Such a scenario could fuel skepticism — already a worry among investors — about Starbucks' appeal to a broad swath of Chinese consumers. "I fear they're too expensive for China," Jim Cramer recently said, referring to Starbucks. As the coffee market matures in China, Starbucks believes the industry will undergo a more defined tiered competition dynamic, which would expand opportunities as a high-end brand.

Persons: Donald Trump, Joe Biden, Kevin Johnson, we're, shrugged, Jim Cramer, Jeff Marks, Peter Saleh, wouldn't, Saleh, Trump, Biden, Jim Cramer's, Jim, Alex Tai Organizations: CNBC, Democratic, Starbucks, U.S, Club, Getty Locations: China, U.S, Washington, Beijing, Trump, India

☆ A tech entrepreneur shared the 'stoke, stage, stack' habit-creation framework that helps him keep habits up 365 days a year
▼ + stars: | 2024-03-10 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +5 min

Ron Gutman, a tech entrepreneur, shared his 'stoke, stage, stack' framework to make habits last. Gutman runs 365 days a year, even when it's snowing because he's always prepared for the environment. One tech entrepreneur shared his "stoke, stage, stack" framework that turns goals into long-lasting habits. "I run every morning, no fail, 365 days a year," Gutman said adding that he runs on the beach or in the park. If I didn't have the proper running shoes, I would very quickly hurt myself.

Persons: Ron Gutman, Gutman, he's, —, You'll, " Gutman, it's, James Clear's, BJ Fogg's, BJ Fogg Organizations: Service, Stanford University Locations: stoke

☆ That security camera and smart doorbell you’re using may have some major security flaws
▼ + stars: | 2024-03-09 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +11 min

… I’m completely done with smart devices like that.”24-year-old Heather Hines is among the Wyze users whose personal camera footage was viewed during a recent security breach. Henderson, who owns 10 Wyze cameras, said he is starting to replace them with other brands. It also raises the question about whether the value of smart devices is worth the risks. Amazon and Google have experienced security breaches with Ring and Nest security devices in recent years. People can also reconsider how many smart devices they actually need in the home.

Persons: Heather Hines, Hines, ”, “ I’m, ” Hines, I’m, Eddie Henderson, Henderson, Dave Cosby, Tuck, Paddy Harrington, That’s, Michela, Michela Menting, “, ” Harrington, It’s, you’ve, they’ll, ” Menting Organizations: CNN, Wyze, Consumer, Amazon, Walmart, Sears, Federal Communications Commission, US, Forrester Research, Attackers, Google, ABI Research, Consumer Product Safety, White, FBI Locations: Southern California, Nova Scotia, Canada, China, ” Haddington

☆ Ray Dalio says Taylor Swift should be president, posts Eras Tour selfie
▼ + stars: | 2024-03-08 | by ( Natasha Turak | ) www.cnbc.com time to read: +3 min

Hedge fund billionaire Ray Dalio attended a Taylor Swift Eras Tour concert in Singapore, and posted a selfie from the packed venue along with a caption explaining why he thought the megastar should be the next president of the United States. the Bridgewater Associates founder Dalio wrote Thursday on Instagram. Dalio later tweeted an update, elaborating on his frame of mind when he made the first post, and explaining it. "Re: my Taylor Swift for president! Perhaps he now hopes Swift will fill in the blank space left by Haley's recent departure for the race.

Persons: Ray Dalio, Taylor, @TaylorSwift, !, Dalio, Taylor Swift, Swift's, Joe Biden's, Donald Trump, Swift, Nikki Haley Organizations: Bridgewater Associates, Pentagon, CIA, Biden, Super, Trump, United Nations Locations: Singapore, United States, Bridgewater, U.S

☆ A real estate CEO predicts hundreds of banks will fail or be taken over by 2026
▼ + stars: | 2024-03-06 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

A real estate boss expects at least 500 banks to fail or be taken over in the next two years. Scott Rechler, CEO of RXR, said the maturing of commercial real estate loans would hit smaller lenders. Commercial real estate has been hit by declining asset prices, costlier borrowing, and tighter lending. AdvertisementHundreds of American banks will collapse or be taken over by 2026, a top real estate executive predicted. Silicon Valley Bank, Signature Bank, and Silvergate Bank folded last spring after worries about their health spurred a wave of deposit withdrawals.

Persons: Scott Rechler, —, Fortune, I'm, It's, Jamie Dimon's Organizations: Service, Deposit Insurance Corporation, Silicon Valley Bank, Signature Bank, Silvergate Bank, New, New York Community, Federal Reserve, JPMorgan Locations: New York

☆ Right-wing boycotters take aim at another brand: Doritos
▼ + stars: | 2024-03-06 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +4 min

Read previewRight-wing boycotters have set their sights on another major brand: Doritos. Representatives for Doritos, PepsiCo, and Hudson did not immediately respond to BI's request for comment. AdvertisementOn Tuesday, Doritos Spain announced it was cutting ties with Hudson because of comments she reportedly made that resurfaced online, Newsweek reported. Advertisement"I don't remember having written such barbarities," she wrote, according to a Rolling Stone translation. While brand boycotts are nothing new, experts previously told Business Insider that political polarization in the US, combined with culture wars and panic-stoking media coverage, have been gaining steam in recent years.

Persons: —, Samantha Hudson, Hudson, Doritos, Rolling Stone, BoycottDoritos, Dylan Mulvaney, aren't Organizations: Service, PepsiCo, Hudson, NBC News, Business, Doritos, Newsweek, Stone, Bud Light Locations: Spain, Doritos Spain, Spanish

☆ Opinion: A Black man’s view on what Biden should do for the White working class
▼ + stars: | 2024-03-06 | by ( Opinion Keith Magee | ) edition.cnn.com time to read: +10 min

Could President Biden, who claims to have labor-friendly policies, be the one to turn the tide by appealing to the White working class and giving his party a much-needed electoral boost in the process? After all, issues affecting poor White voters, such as health care, higher education and increased access to childcare have long been traditional Democratic priorities. That gaffe echoed Obama’s off-the-cuff remark in 2008 that “bitter” low-income voters “cling to guns or religion” — comments that didn’t endear him to the White working class, either. Some White voters of modest means perceive Democrats as being determined to secure equality for minority groups at their expense. And working-class White Americans tended for some reason not to perceive Obamacare — the president’s signature social policy achievement — as immediately benefiting them.

Persons: Keith Magee, I’m, Donald Trump, Keith Magee Arron Dunworth, pollsters, Biden, White, ”, Du Bois, Bill Clinton, Hillary Clinton —, They’ve, —, MAGA, Hillary Clinton’s horrendously, Caroline Graham of, Barack Obama’s, Obama, Obamacare, Trump, –, you’ll, ” —, Martin Luther King, Jr, Will Biden Organizations: University College London Institute for Innovation, Newcastle University, CNN, Republicans, White, Democratic, Trump, Brookings Institution, Infrastructure Investment, Jobs, United Auto Workers, Poor Locations: American, America, Trump, Michigan, Thursday’s

☆ Get Ready for the Great Trump Diaspora
▼ + stars: | 2024-03-06 | by ( Paul Starobin | ) www.businessinsider.com time to read: +10 min

The Atlantic devoted an entire issue to the authoritarian horrors in store for America "If Trump Wins." AdvertisementA second Trump presidency, Speer said, could serve as a "catalyst" that further fuels the growing diaspora of Americans living in exile. Since 2015, Democrats Abroad, the foreign-based arm of the DNC, has nearly tripled its membership. Since 2015, Democrats Abroad, the foreign-based arm of the Democratic National Committee, has nearly tripled its membership, which now numbers in the hundreds of thousands. My wife and I are both Trump decriers, although we didn't begin our Italy property search to find a refuge from MAGA-infused America.

Persons: specter, Donald Trump —, Trump, Gallup, George W, Bush's, Barack Obama's, Doris Speer, Speer, —, Roe, Wade —, Martha McDevitt, Pugh, Emily, Francophiles, Ernest Hemingway, James Baldwin —, Nicole Kidman's, MAGA, batty, it's, John Galey, Paul Starobin Organizations: Washington Post, Trump, America, Association of Americans Resident Overseas, dodgers, DNC, Democratic National Committee, Leggett, Italy Facebook, Côte, IRS, Citizens Abroad, Los Angeles Times, New Books Network Locations: Umbria, Italy, Montana, Tuscany, Texas, Tennessee, America, Canada, Washington, Paris, United States, Iraq, Europe, Vietnam, Sedona , Arizona, Portugal, Spain, France, United Kingdom, Norway, Netherlands, Hong Kong, Bangkok, Buenos Aires, Golden, California, MAGA

On Saturday, he told crowds in Greensboro, N.C., and Richmond, Va., that he believed Mr. Biden was “giving aid and comfort” to America’s foreign enemies. Throughout his campaign, Mr. Trump has ramped up warnings about threats he portrays as damaging to traditional American values. On Thursday, Mr. Trump visited Eagle Pass, Texas, where Gov. Mr. Trump is planning an extreme expansion of his anti-immigration policies if he wins the election in 2025, including what he calls the “largest domestic deportation operation” in U.S. history. And Mr. Trump would reimpose a Covid-era policy that would refuse asylum claims on the basis that migrants carry diseases like tuberculosis.

Persons: Donald J, Trump, baselessly, Biden, “, ” Mr, Joe Biden, Mr, Trump’s, Greg Abbott, ”, Dave Johnson, ” Charles Homans Organizations: Trump —, Republican, American, Texas National Guard, Mr Locations: North Carolina, Virginia, United States, Biden’s, United States of America, Greensboro, N.C, Richmond, Va, Eagle, , Texas, Graham

☆ NATO navies can exploit a Russian fear and keep Putin from invading more neighbors
▼ + stars: | 2024-03-03 | by ( Michael Peck | ) www.businessinsider.com time to read: +5 min

Today, NATO's naval power is far superior to Russia's. NATO may dominate the oceans, but that may not be much help if Russian tanks invade the Baltic States or Poland. Or more specifically, use naval power to scare Moscow into allocating its scarce resources to defending its huge coastlines rather than invading neighbors. "Rather than naval combat per se, the purpose of Russian sea power is to ensure that the Russian state can compete and engage in conflict safely and effectively," the essay said. In 2024, the fear is that NATO ships could launch long-range guided missiles at the Russian heartland.

Persons: Napoleon, Hitler fumed, Russia —, Kaushal, Rene Balletta, Alfred Thayer Mahan, Michael Peck Organizations: Service, Channel, Royal Navy, NATO, Alliance, Britain's Royal United Services Institute, Russian Navy, Black, Century, Russia, Russian Army and Aerospace Forces, West, Baltic, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: British, Russia, Baltic States, Poland, Moscow, Britain, Europe, Asia, Russian, Crimean, Sevastopol, Ukraine, Russia's, Finland, Norway, Forbes

☆ Immigration is 'taking pressure off' the job market and U.S. economy, expert says
▼ + stars: | 2024-03-02 | by ( Greg Iacurci | ) www.cnbc.com time to read: +10 min

Mark Zandi, chief economist at Moody's Analytics, said the increase in foreign-born workers is "taking pressure off the economy." The growth in foreign-born workers comes amid a contentious immigration policy debate in the U.S. Immigrants' share of the labor force has increased since 1996, when the Bureau of Labor Statistics began collecting such data. A growing population and labor force are key components of a healthy economy and the nation's ability to pay its bills, economists said. In other words, the economy is both absorbing immigrants and generating job opportunities for U.S.-born workers, the institute said.

Persons: Mark Zandi, it's, Alejandro Mayorkas, John Moore, Muzaffar Chishti, Jack Malde, Qian Weizhong, Steven Camarota, Camarota, Paul Ratje, Eric Thayer, Malde, EPI, Zandi, There's, Luis Alvarez Organizations: U.S . Bureau of Labor Statistics, Moody's, Republicans, U.S, Department of Homeland, U.S . Border Patrol, U.S . Department of Homeland, Getty, Migration Policy Institute, CNBC, Foreign, U.S . Immigrants, Bureau of Labor Statistics, Pew Research Center, Social Security, Congressional, Office, Center, Immigration, . Border Patrol, Getty Images, Federal Reserve Bank of San, Center for Immigration Studies, Afp, Bloomberg, Economic Policy Institute, National Academies of Sciences, Engineering, Medicine, Digitalvision Locations: U.S, Mexico, Eagle Pass , Texas, San Diego , California, Federal Reserve Bank of San Francisco, Paso, Ciudad Juarez , Mexico, Los Angeles

☆ Stanley has a plan to stop online chaos and scalpers from ruining its product launches
▼ + stars: | 2024-03-01 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +2 min

Stanley cups have been wreaking havoc at Target stores and tearing tween relationships apart. AdvertisementWith Stanley cups stoking utter chaos among desperate Target shoppers (and employees) — and tearing apart middle schools — the brand is looking for ways to calm the fervor around its limited-edition launches. tumbler comes in an "ornate" striped box, according to Stanley, featuring a "rich ganache powdercoat finish" and gold accents. Advertisement"One of our priorities is to prevent bots and resellers from depleting stock meant for our genuine fans," Stanley said. Stanley SVP Matt Navarro told CNN he hopes the changes the company made "provide all consumers with a wider aperture and more user-friendly [online] experience to get the Stanley products they love."

Persons: Stanley, —, tumbler, EQL, they'd, Andrew Lipp, Matt Navarro Organizations: Service, CNN, PMI Worldwide, Nike Locations: Australia

☆ Croft: Guyana has been a big driver of supply in the oil market, and is hugely important to Exxon
▼ + stars: | 2024-02-27 | 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 EmailCroft: Guyana has been a big driver of supply in the oil market, and is hugely important to ExxonRBC Capital's Helima Croft discusses the global importance of a giant oil block in Guyana, that's prompting a corporate dispute between Chevron and Exxon Mobil, and stoking geopolitical tensions.

Persons: Helima Croft Organizations: Exxon RBC, Chevron, Exxon Mobil Locations: Croft, Guyana

☆ Everyday investors are feeling good about the market again
▼ + stars: | 2024-02-23 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —Retail investors are optimistic about the stock market again despite a backdrop of geopolitical and economic uncertainty. CNN’s Fear & Greed Index, which measures seven barometers of market sentiment, closed at an “extreme greed” reading on Thursday. Unsurprisingly, investors are largely bullish on artificial intelligence-related stocks over the next three months, according to the Schwab survey. The job market has also stayed remarkably strong even as interest rates hover around a 23-year high, helping keep recession worries at bay. About 48% of traders believe the US will likely avoid a recession this year, up from 23% last quarter, according to the Schwab survey.

Persons: Charles Schwab, Schwab, ”, James Kostulias, stoking, Anna Bahney, —, Lawrence Yun, Read, Henri Nestlé, Wegovy, Hanna Ziady, Mark Schneider, ” Read Organizations: CNN Business, Bell, New York CNN, Retail, “, Dow Jones, Bureau of Labor Statistics, Federal, National Association of Realtors, NAR Locations: New York, United Kingdom, Japan, Washington, Swiss

☆ What happens if Biden drops out? The chaotic 1968 Democratic convention could be a clue.
▼ + stars: | 2024-02-21 | by ( Madison Hall | ) www.businessinsider.com time to read: +4 min

If Biden drops from the presidential race, it would likely lead to a contested convention in August. AdvertisementFor years, Democratic President Joe Biden has been plagued with critiques about his old age and perceived cognitive skills. With no candidate having amassed a majority of the nation's delegates, the Democratic presidential nominee was decided at the 1968 Democratic National Convention in Chicago, where anti-war protesters angrily demonstrated outside. AdvertisementMost of the state delegates at the convention voted for Humphrey, leading him to win the Democratic Party's nomination. Unless Biden stuns the party and suddenly drops out, the current 81-year-old president is on a fast track to obtaining the Democratic presidential nomination.

Persons: Biden, Lyndon B, Johnson, Hubert Humphrey, —, Joe Biden, Robert Hur's, Martin Luther King Jr, Sen, Eugene McCarthy, Robert F, Kennedy, Humphrey, McCarthy, Dan Rather, Walter Cronkite, we've, Dan, Richard Nixon, Jaime Harrison, Donald Trump — Organizations: Service, Democratic, Convention, Republican, Democratic National Committee, DNC Locations: Vietnam, New, Memphis, Chicago

☆ US divisions over Putin’s Russia present grave global implications
▼ + stars: | 2024-02-20 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

CNN —US politics is now split by a fault line over Russia that could have far graver global implications even than condemning Ukraine to defeat after President Vladimir Putin’s invasion. Trump has also not repudiated his recent comment that he’d invite Russia to invade NATO nations that fell short of non-binding targets on defense spending. Aside from the mysterious hold that Putin appears to exert over Trump, the ex-president’s hostility towards Ukraine is easily explainable. Opposing aid to Ukraine is also an almost perfect issue for the ex-president and his allies in the GOP primary. These pressures weigh on Republican lawmakers as they cast increasingly tough votes on Ukraine aid.

Persons: Vladimir Putin’s, Donald Trump, Trump, Mike Johnson –, Johnson, Joe Biden, Biden, Volodymyr Zelensky, Russia’s, ” Biden, Zelensky, –, Alexey Navalny, Hungary’s Viktor Orban, Putin’s, Putin, Trump’s, Kevin McCarthy’s, hasn’t, Ohio Sen, JD Vance, Ukraine “, Vladimir Putin, ” Vance, Barack Obama, “, ”, Vance, Nikki Haley, Haley, Sen, Pete Ricketts, Ricketts, ’ ” Ricketts, ‘, ’ ”, It’s, Mitch McConnell Organizations: CNN, Donald Trump Republicans, NATO, Trump, GOP, Senate, Republican, Soviet, European Union, Russian, Republican Party, Republicans, Munich, Ohio, United, Chicago Council, Global Affairs, Trump Republicans, Ukraine Locations: Russia, Ukraine, Europe, Avdiivka, Russian, Kremlin, America, United States, Munich, China, “, Ohio, Crimea, East Asia, Beijing, Moscow, Iran, North Korea, we’re, ’ ” The Nebraska, Soviet Union

☆ Factbox-Thailand's Polarising Ex-PM Thaksin Shinawatra
▼ + stars: | 2024-02-17 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +4 min

(Reuters) - Thailand's billionaire former Prime Minister Thaksin Shinawatra was released from detention on Sunday, enjoying freedom in his country for the first time since fleeing into exile nearly 16 years ago to avoid jail. - Thaksin ran several failed businesses with his wife before getting his break in the 1980s leasing computers to the police. In 2010, a court seized $1.4 billion worth of Shinawatra assets, concluding Thaksin had concealed his Shin Corp shareholdings and tailored policy to benefit his business. - Thaksin's sister, Yingluck Shinawatra, was also prime minister and suffered an almost identical fate as him. - Thaksin's youngest daughter, Paetongtarn Shinawatra, 37, is Pheu Thai party leader and eligible to become prime minister.

Persons: Thaksin Shinawatra, Chiang Mai, Thaksin, Yingluck Shinawatra, Paetongtarn Shinawatra, Srettha Thavisin, Martin Petty, Raju Gopalakrishnan Organizations: Reuters, Eastern Kentucky University, Kentucky Fried, Thailand's, Shin Corporation, Shin Corp, English Premier League football, Fulham, Manchester City, Forbes, Thai Rak, Thai Rak Thai, People Power Party, Srettha Locations: Thai, Chiang, Kentucky, Singapore, Thailand, Liverpool, Dubai, Britain, Montenegro, Thai Rak Thai, Thai Rak, Bangkok

☆ A US productivity boom may explain how inflation slowed amid a strong economy
▼ + stars: | 2024-02-17 | by ( Bryan Mena | ) edition.cnn.com time to read: +5 min

If productivity is strong, that means the US economy is doing more with less, or being more productive. Productivity is measured by dividing all the goods and services produced in the economy by every hour people worked. “But the economy did well, so that translated into higher productivity, supporting higher wage growth and fending off inflation from accelerating.”Last year’s productivity boom could also be a combination of all of the above. Still, it may be too soon to know if last year’s productivity burst was truly a transformative shift in the US economy. “Sometimes at the very end of an economic cycle, productivity can be boosted by cost-saving measures,” Goodwin of New York Life Investments said.

Persons: ” Lauren Goodwin, Mark Zandi, John Min, Austan Goolsbee, It’s, ” Min, ” Goodwin, ” Organizations: DC CNN, Labor Department, New York Life Investments, CNN, Microsoft, Meta, Citigroup, Monex, Federal Reserve, Chicago Fed, Bloomberg Locations: Washington

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