Fed set to launch fresh assault on inflation in new era for economy
Rates this year could reach their highest levels since before the 2008 Wall Street crash if surging prices continue.
Rates this year could reach their highest levels since before the 2008 Wall Street crash if surging prices continue.
Updated at 4:50 p.m. on May 4, 2022There are three things that I remember from my high-school Earth-science class: the swirling pink cover of the study book designed to help us pass New York State’s year-end test, the football player who seemed more intent on torturing me than on learning, and a nagging sense that what I was taking wasn’t “really” science.
For much of American history, freedom from an oppressive legal system could be found by picking up and leaving. During the Great Migration, millions of Black Americans abandoned the Jim Crow South for the North, Midwest, and West; at a smaller scale, LGBTQ people have long fled communities where they felt unwelcome for liberal cities. On some level, Americans—with our unique system of federalism—have always voted with our feet.
The Trump-backed candidate J.D. Vance won the Ohio Republican Senate primary on Tuesday, while former Bernie Sanders presidential campaign co-chair Nina Turner lost the Democratic primary election for Ohio’s 11th Congressional District after massive outside spending and attacks by super PACs.
What role did dark money play in the Supreme Court’s decision to overturn Roe v. Wade? We speak with reporter Andrew Perez about how conservative anti-abortion groups and right-wing extremists have funneled millions of dollars into promoting politicians and Supreme Court justices to ultimately curtail reproductive rights.
As the leaked opinion showing the Supreme Court plans to overturn Roe v. Wade sparks protests across the United States, we speak to an abortion doctor and a reproductive rights activist facing deportation about what is next.
Oregon and Kentucky are pursuing an Obama-era policy that uses federal dollars to establish a health insurance plan for people who make too much money to qualify for their state’s Medicaid programs.
Public opinion in the federal government’s leading public health agency remains low.
Members of the Congressional Black Caucus are divided but an aide to the group said that the push from civil rights leaders over recent weeks has “caused members to give greater thought to what could be potential unintended consequences.
The government said gross domestic product shrank at a 1.4 percent annualized rate in the first quarter.
The steady spending suggested the economy could keep expanding this year even though the Federal Reserve plans to raise rates aggressively to fight the inflation surge.
The war in Ukraine will “severely” set back the global recovery from Covid-19, according to the IMF.
The Fed’s campaign to raise interest rates — designed to reduce spending and curb inflation — will slow growth, which will have consequences for American workers.
Prices have been driven up by bottlenecked supply chains, robust consumer demand and disruptions to global food and energy markets worsened by Russia’s war against Ukraine.
Longtime Cuban diplomat Ricardo Alarcón died on Sunday at the age of 84. He was a student leader during the Cuban revolution who eventually became Cuba’s foreign minister and president of the National Assembly, Cuba’s parliament. He played a key role in talks between the United States and Cuba for many years. Democracy Now! spoke to Alarcón in 2015 as the Cuban Embassy reopened in Washington for the first time in 54 years.
The Ukrainian government says about 100 people have been able to evacuate the besieged steel plant in Mariupol, where thousands of civilians and fighters have taken shelter in recent weeks as Russian forces took over most of the strategic port city. This comes after several previously arranged “humanitarian corridors” fell apart. Meanwhile, U.S.
The former president’s attorneys argued the release of the transcript would taint a potential jury.
Long ago, before J.D. Vance started doing his best to sound like every other MAGA candidate in the country, he had an ear for a metaphor.Reflecting on how heroin and prescription opioids had ravaged his home state of Ohio, Vance worried that a certain Republican candidate for president would have a similar effect. “[Donald] Trump is cultural heroin. He makes some feel better for a bit.
Mark Sumner wrote earlier today about the incredible shrinking Russian army. It’s an important read, as it explains why Russia is stuck on all fronts in Ukraine despite having a seemingly overwhelming numerical and equipment advantage. The bottom line, as it turns out, is that Russia doesn’t have a numerical and equipment advantage.
Russia didn’t gain any ground today, anywhere. They are stuck stuck.
Brown’s second consecutive victory over former state Sen. Nina Turner was widely anticipated.
The Supreme Court leak of the draft opinion meant to erase abortion rights in this country rocked Washington, D.C., and the rest of the country, but for two different reasons. Most of the public strongly supports abortion rights and public fury is already rising as Americans learn of the planned decision and its Alito-written justification; most Republican lawmakers are in an absolute froth over the opinion being leaked before the Supreme Court revealed it publicly.
The Republican primary for Ohio’s open Senate seat—which weighed in at nearly $75 million—finally concluded on Tuesday with a win for Trump’s endorsed candidate, venture capitalist J.D. Vance. Vance, the Hillbilly Elegy author and one-time vociferous Trump critic, reinvented himself as a MAGA diehard and defeated former state Treasurer Josh Mandel 31-25 for the nod to succeed retiring Sen. Rob Portman. Vance will take on Democratic Rep.
Mexico has been planning a trade railway that spans thousands of miles from Mazatlán to Winnipeg, with a connection in Texas. But while the T-MEC Corridor railway connecting the two nations is still happening, the stop in Texas is not.
Mexican officials have now decided to instead reroute the line through New Mexico, The Dallas Morning News reports. It’s a major loss for Texas, because border states thrive and depend on international trade.
The “Hillbilly Elegy” author snatched the GOP nomination with Donald Trump’s help — the first major test of the former president’s endorsement power in the midterms.
If the court adopts the initial draft opinion, the retreat on abortion rights would be sweeping.
As is the case before every major election, conservatives at all levels of government have a handful of buzzwords they can use to get their voter base riled up. As Daily Kos continues to cover, trans youth using the bathroom and playing sports is one of the biggest ones, as are calls to ban or even burn books that belong to public schools and libraries.
The senators “betrayed the nation’s reproductive rights when they were singularly capable of stopping the slide,” Rep. Alexandria Ocasio-Cortez said.
The potential demise of Roe v. Wade will heighten the stakes of state legislative races this fall as the GOP fights abortion rights and Democrats defend them.
With lawmakers stymied, much of the abortion-rights response is expected to fall to medical and activist groups.
If you are an American with a young daughter, she will grow up in a world without the right to choose when and where she gives birth, and in which nothing restrains a state from declaring her womb its property, with all the invasive authorities that implies.That is the significance of the draft Supreme Court opinion leaked to Politico, which shows that the right-wing majority on the Court intends to discard Roe v. Wade and Planned Parenthood v.