The Fed plans to cease its bond buys entirely by March, rather than its earlier target of June to give itself room to begin raising interest rates as early as the second quarter of next year.
Costs for key goods and services soared 0.8 percent for the month and 6.8 percent for the year, the highest since 1982, the Labor Department reported Friday.
The middle class is facing serious economic hardship with little of the workplace flexibility now afforded to the well-off. Here’s how employers — and government — can help.
Powell’s comment came after the Fed already announced earlier this month that it would slow the pace at which it buys U.S. government debt and mortgage-backed securities.
The United States Navy is facing growing calls to permanently shut down one of their fuel storage facilities in Hawaii after a petroleum leak contaminated the water supply that serves over 90,000 families around the naval base of Pearl Harbor on the island of Oahu.
In the news today: Quite a bit of good, for a change! The U.S. economy continues to boom, and the supply chain surge that saw major U.S. ports clogged with more imports than they could handle is waning after prompt federal and state action. A new pill believed to be effective in reducing COVID-19 symptoms has been approved for emergency sale—hopefully in time to help mitigate what’s expected to be a very large surge of omicron-infected patients.
There are a lot of people who think Attorney General Merrick Garland is a 98-pound weakling. In their eyes, the lack of any action against Donald Trump and others who incited the Jan. 6 insurrection suggests that Garland isn’t willing to bring justice to those responsible for that day’s horror.
A quick read of recent events shows Garland is anything but a weakling.
I’m having a real hard time understanding how a civil war between liberals and conservatives would actually play out in this country. Would we have to wear uniforms to mark ourselves as part of the vast progressive horde, or would the conspicuous lack of misspelled MAGA neck tattoos be sufficient?
Our nation is terribly divided these days, but I don’t really fear a second civil war for the mere fact that it would be far too confusing.
Though there are a handful of billionaires whose names we know from their frequent media coverage, there are plenty of ultra-wealthy folks who mostly live under the radar. But that doesn’t mean they don’t have an impact—for better or for worse. One example is Jeff T.
The high court announced late Wednesday that it would hear arguments in the cases on Jan. 7.
The couple cited “irreconcilable differences” as the reason for the split.
A small town in Texas is seeing firsthand what happens when a couple of their own decide to dress up in Ku Klux Klan outfits for Halloween and tase one of their classmates.
The incident made headlines in November when two teen boys from Woodsboro, Texas—Rance Bolcik, 17, who is white, and Noel Garcia Jr.,17, who is Latino—dressed in Klan outfits and targeted one of their football teammates, who is Black.
K-pop is made to be listened to. But it’s also made to be watched. When a group releases a song, it’s just one part of a package that typically includes a visually arresting music video and several live performances of complex dance choreography paired with inventive outfits and hairstyles. The best-looking members of groups are literally known as “visuals” in the industry.
The mayor said the White House should invoke the Defense Production Act.
The Senate minority leader made his move public after the West Virginia Democrat’s split with the White House over the Build Back Better package.
It’s the second time this week the committee publicly sought to interview a sitting member of Congress.
Danny Rodriguez was identified in a HuffPost story as the Capitol rioter who drove a stun gun into Officer Mike Fanone’s neck on Jan. 6.
South Carolina congressman Tom Rice said that “in retrospect I should have voted to certify, because President Trump was responsible for the attack on the Capitol.
Updated at 7:30 p.m. ET on December 22, 2021Sign up for Conor’s newsletter here.This week there’s new information in a long-running debate.For more than a decade I’ve opposed U.S. drone-war policies. Calling drone strikes “surgical” was Orwellian propaganda, I argued. I later urged a drone-strike moratorium due to repeated massacres of innocents, among other reasons.
The pill, called Paxlovid, will provide the U.S. with another tool to help fight the virus as the more infectious Omicron variant surges.
Much of 2021 has been filled with a dull sense of déjà vu as the coronavirus pandemic has continued to shrink social worlds and batter morale. Many of the books our writers and editors were drawn to investigated failure, grief, apocalypse—resonant themes at a time of constant rupture and regression. Others helped jolt readers out of routines, and stretched the imagination.
I try to avoid despair when writing about climate change. Having covered the topic for five years, I’ve learned that a game of telephone shapes what eventually enters circulation. Case in point: Last week, scientists presented satellite data showing that a floating piece of ice off the coast of Antarctica was beginning to splinter. That is concerning and surprising, but not catastrophic.
A group of 11 Haitian asylum seekers is suing the Biden administration, accusing the U.S. government of physical abuse, racial discrimination and other rights violations when they were forced to shelter under a bridge in Del Rio, Texas. The class-action lawsuit comes after images of Border Patrol agents whipping Haitian asylum seekers from horseback went viral in September, drawing outrage from rights groups. The plaintiffs in the case are also demanding the U.S.
President Biden has announced a plan to begin distributing 500 million at-home COVID tests starting in January in response to the latest surge in cases, linked to the highly transmissible Omicron variant of the coronavirus. His plan also includes the establishment of new federal testing sites and the deployment of military medical personnel to help overwhelmed hospitals around the country. Dr.
U.S. air power has been central in the country’s wars in Afghanistan, Syria, Iraq and elsewhere, with officials promising that drones and other sophisticated weapons allow the U.S. military to carry out precision airstrikes that spare civilians caught in war zones. But a groundbreaking investigation by The New York Times reveals the U.S.
Just as soon as they press Save on their out-of-office responses this week, many Americans will catch what, statistically speaking, Americans usually catch during the cold winter months. No, hopefully not COVID-19. I’m talking about baby fever!The holidays are the high season for baby-making, which is why so many people are born between August and October, or about nine months from the week when everyone stops working and starts drinking hot alcohols.
More than 60,000 patients are hospitalized with Covid-19, according to the CDC, and the numbers are climbing with the highly contagious Omicron strain surging.
The White House has urged vaccinations and booster shots to combat the new variant.
Former President Donald Trump confirmed he had gotten a booster during a live show with Bill O’Reilly in Dallas on Sunday.
A standard 50-microgram boost raised antibody levels about 37-fold higher than pre-boost levels 29 days after the shot was administered.