G-7 announces price cap deal on Russian oil in win for Yellen
The plan touted by the U.S. Treasury secretary aims to diminish the Kremlin’s revenue while preserving the global oil supply.
The plan touted by the U.S. Treasury secretary aims to diminish the Kremlin’s revenue while preserving the global oil supply.
“Jerome Powell’s rhetoric is dangerous, and a Fed-manufactured recession is not inevitable — it’s a policy choice,” Sen. Elizabeth Warren said.
The housing market has cooled so much as the Fed withdraws its support for the economy that some analysts say it may be in a slump.
In a closely watched speech, the Fed chair foreshadowed further interest rate increases and warned that rates might need to stay high for some time to kill price spikes.
We speak with The New Yorker’s award-winning war correspondent Luke Mogelson about his new book, “The Storm Is Here: An American Crucible.” The book gives an eyewitness account of right-wing extremism and growing civic unrest in the U.S. since 2020, starting with anti-lockdown protests in Michigan and culminating in the January 6 insurrection. Mogelson, who filmed the attack on the U.S.
Kelly came to believe Trump was a “pathological liar whose inflated ego” was the sign of a “deeply insecure person,” according to upcoming book “The Divider.
The new Virginia governor told voters in Las Vegas and Reno that the “spirit” he ignited there is now spreading “across America.
Political donations to Trump’s Save America goes to his massive defense fund.
Daring to indict him would trigger “problems in this country the likes of which perhaps we’ve never seen before,” Trump ominously warned.
The judge, Raymond Dearie, will be responsible for reviewing the documents taken during a search of Trump’s home last month.
For now, the country’s railroads will continue to run. A national strike—which would’ve started at midnight tonight and disrupted both freight and passenger rail—was averted by a tentative deal between union leaders and railroad management. That deal still needs to be ratified by the union members themselves.President Joe Biden praised the agreement as “a big win for America.
Of all the achievements that Roger Federer has notched during his stellar tennis career, his 19 consecutive ATP Fans’ Favourite awards are particularly telling. The accolades are not remotely as consequential as his 20 Grand Slam titles (the third-most ever) or the 310 weeks he spent ranked No. 1 in the world (the second-most ever). The Fans’ Favourite award is essentially an annual popularity contest.
This is an edition of The Atlantic Daily, a newsletter that guides you through the biggest stories of the day, helps you discover new ideas, and recommends the best in culture. Sign up for it here.Today our staff writer Amanda Mull answers my questions about her recent article exploring gray floors, house flipping, and how America fell under HGTV’s spell.But first, here are three new stories from The Atlantic.
King Charles should get ready to abdicate.
At a press briefing earlier this month, Ashish Jha, the White House’s COVID czar, laid out some pretty lofty expectations for America’s immunity this fall. “Millions” of Americans, he said, would be flocking to pharmacies for the newest version of the COVID vaccine in September and October, at the same appointment where they’d get their yearly flu shot. “It’s actually a good idea,” he told the press.
Demetre Daskalakis has become caricatured as a tattooed oddity among buttoned-up bureaucrats. The truth is far different. “I wish I were that interesting,” he says.
Nearly 1,500 people have died and tens of millions have been displaced in Pakistan, where catastrophic flooding has left a third of the country underwater, washing away homes, farmlands, bridges, hospitals and schools. “People have lost everything,” says Zulfikar Ali Bhutto, a Pakistani artist and the grandson of Pakistan’s former Prime Minister Zulfiqar Ali Bhutto.
Ukraine has accused Russia of bombing a dam in the southern city of Kryvyi Rih — where Ukrainian President Volodymyr Zelensky was born — forcing evacuation in parts of the city due to flooding. The bombing is the latest Russian attack on civilain infrastructure since Ukrainian forces recaptured over 3,000 square miles of territory from Russia during a counteroffensive this past week.
Railroad workers have reached a new tentative union contract with rail companies, averting a potential strike set to start on Friday that could have shut down rail service across the United States.
Syphilis rates saw the biggest annual increase in more than 70 years.
Despite the signs of moderating price increases, inflation remains far higher than many Americans have ever experienced and is keeping pressure on the Federal Reserve.
The plan touted by the U.S. Treasury secretary aims to diminish the Kremlin’s revenue while preserving the global oil supply.
“Jerome Powell’s rhetoric is dangerous, and a Fed-manufactured recession is not inevitable — it’s a policy choice,” Sen. Elizabeth Warren said.
The housing market has cooled so much as the Fed withdraws its support for the economy that some analysts say it may be in a slump.
In a closely watched speech, the Fed chair foreshadowed further interest rate increases and warned that rates might need to stay high for some time to kill price spikes.
The geopolitical rivalry between the United States and China is reshaping life in the U.S. territory of Guam, where the already-massive military presence is set to expand as the Pentagon builds up its capabilities in the Pacific. “We are directly in the line of fire,” says Julian Aguon, a CHamoru writer and human rights lawyer, who describes the build-up of U.S. troops and military infrastructure on Guam as “nothing less than cataclysmic” for the Indigenous people.
We look at how the Ukraine war is contributing to an energy crisis across Europe with Greek politician and economist Yanis Varoufakis. Last week Russia announced it would not resume sending natural gas to Europe via the Nord Stream 1 pipeline, blaming Western sanctions for supposed maintenance delays keeping the gas shut off.
Kimberly Mata-Rubio said she shared the last photo of her daughter with Sen. Cruz. The photo showed her daughter, Lexi, in a child-sized casket.
Donald Trump’s MAGA followers were in full meltdown mode this week after the news broke Tuesday that the FBI had seized the cell phone of MyPillow CEO Mike Lindell, one of the leading figures and financiers of the Trumpist election-denialism movement. Within hours, a number of leading Trump defenders—including Fox News’ Tucker Carlson—were denouncing what they all claimed was a sure sign of the Biden administration’s persecution of conservatives.
What’s the first thing any self-respecting, savvy Democrat should do when Senate Minority Leader Mitch McConnell is having a bad week?
Make. It. Worse.
McConnell has lost control of his conference. South Carolina’s Lindsey Graham threw the Republican Senate into disarray with his national abortion ban. Meanwhile, Sen.
Russia has hit the dam at Kryvyi Rih with what is reported to be at least six ballistic missiles. The impact created sizable damage to a dam over the Inhulets River, resulting in a flood that for some time was raging downstream. Reportedly, several bridges have already been swept away, and a number of towns and villages on both sides of the river have experienced flooding as water levels rapidly rose.