Powell’s inflation miscalculation raises stakes on rate shift
The Federal Reserve chair needs to convince markets he means business when he addresses the landmark conference of economists on Friday.
The Federal Reserve chair needs to convince markets he means business when he addresses the landmark conference of economists on Friday.
The housing crisis is worsening in Los Angeles, where an estimated 60,000 people remain unhoused in Los Angeles County and thousands more are on the cusp of evictions, even as 20,000 hotel rooms remain vacant across the region. This comes as a new ballot measure could require hotels to house homeless people in vacant rooms.
In a primetime address Thursday, President Biden warned Donald Trump and his radical supporters are threatening the foundations of the republic. Biden said, “Too much of what’s happening in our country today is not normal,” and that MAGA Republicans present a “clear and present danger to our democracy,” referring to Trump’s campaign slogan of “Make America Great Again.
A national day of action is planned next Thursday as protests grow against Google’s secretive $1.2 billion program known as Project Nimbus, which will provide advanced artificial intelligence tools to the Israeli government and military. We speak with two of the leaders of the protest: Ariel Koren, a former Google employee who says she was pushed out for her activism, as well as Gabriel Schubiner, who currently works at Google and is an Alphabet Workers Union organizer.
We speak with glaciologist David Bahr, who co-authored a shocking new study this week revealing Greenland’s melting ice sheet will likely contribute almost a foot to global sea level rise by the end of the century. The report, published in the journal Nature Climate Change, finds that even if the world were to halt all greenhouse gas emissions today, 120 trillion tons of Greenland’s “zombie ice” are doomed to melt.
The president will be attending Labor Day festivities in Milwaukee, Wisconsin, before traveling to Pittsburgh, Pennsylvania for that city’s parade.
Minnesota Republican Rep. Tom Emmer appallingly calls abortion rights “Chinese genocide.
Culmination: “The culminating point in military strategy is the point at which a military force is no longer able to perform its operations. On the offensive, the culminating point marks the time when the attacking force can no longer continue its advance, because of supply problems, the opposing force, or the need for rest.
by Umme Hoque
This article was originally published at Prism.
The Supreme Court of the United States (SCOTUS) will soon hear two cases that have the potential to permanently change the racial makeup of college classrooms.
This fall, SCOTUS will hear oral arguments in cases against Harvard University and the University of North Carolina at Chapel Hill (UNC), which argue that the affirmative action policies at both schools are discriminatory.
“To be very honest with you, it made me cry like a child,” Rina Shah said of the president’s speech condemning Republican extremism.
Trump’s not the guy to woo the swing votes Dr. Oz so desperately needs in the state, notes former Pennsylvania Rep. Charlie Dent.
One of the constants of the world of right-wing extremists is that their leaders all find ways to turn their authoritarian activism into a moneymaking operation that wrings funds out of their gullible followers. Even if these leaders buy their own bullshit—and most of them do—they also are assiduous in creating revenue streams generated from the eager suckers who lap it up.
By now, you’ve probably heard that the disgraced former president, Donald Trump, seems to be something of a criminal. No, I’m not talking about his racist landlord violations from the 1970s. No, not his dubious interactions with contractors throughout the 1980s and 1990s. No, not his shady personal bankruptcies of the 1990s and 2000s. No, not even his two impeachments and the fact that there are numerous campaign violations that many believe need more criminal investigations.
We have not been writing enough movie reviews around here, and that’s something we’re going to have to fix. Conveniently, the den of white nationalists and incubator of aspirational felons calling itself “Breitbart” is reimagining itself as a movie studio, and is pushing hard to promote a new “crowdfunded” film called My Son Hunter.
In 2016, Hillary Clinton warned that Donald Trump was a fool who could be baited with a tweet. This past Thursday night, in Philadelphia, Joe Biden upped the ante by asking, in effect: What idiot thing might the former president do if baited with a whole speech? On Saturday night, the world got its answer.For the 2022 election cycle, smart Republicans had a clear and simple plan: Don’t let the election be about Trump.
WILKES-BARRE, Pa.—Donald Trump’s rally on Saturday night was his first major public appearance since the FBI searched his Florida home—and you could tell. A kind of manic, vengeful energy circulated among the throngs of supporters in the blue stadium seats at the Mohegan Sun Arena. Fans wore T-shirts reading YOU RAIDED THE WRONG PRESIDENT and THREAT TO DEMOCRACY, in a reference to President Joe Biden’s speech last week in Philadelphia.
Donald Trump isn’t the first to face criticism for flouting rules and traditions around the safeguarding of sensitive government records.
because I faithfully reply to every email from the absurd
gods of urgency who punish my good deeds by leaving me
empty when I empty my inbox … because I praise hatingmyself, broken into my calendar’s time-slotted tasks, slicing
me thin with the thick duty of being everything yet nothing
to anyone, not even to me … because I remember birthdaysbut forget my own and my mother’s … because she is bitter
sweet as the Cuban coffee she brews after Sunday dinners …
Two months ago, I received a text describing a situation that I could see immediately and with full clarity in my mind’s eye. “All these guys on this bachelor party brought their own Yetis,” my friend David wrote. “We have seven Yetis for ten people.” The party was at a house on Lake Norman, in North Carolina, and although the Yeti-to-bro ratio was later revised down to six Yetis for 12 bros, my vision for what was happening was clear. Sun. Boats. Beers.
The Biden administration’s recently announced plan to reduce student debt for borrowers who earn less than $125,000 is popular, according to recent polls. Unfortunately, the plan has a major legal flaw: The administration’s arguments for its executive power to make such a broad effort under federal law will likely lose—and should lose—in the courts. The good news, for President Joe Biden and for borrowers, is that the administration has time to change those arguments.
The VA submitted an interim final rule that would enable it to provide abortions when the life or health of a veteran or beneficiary is in peril, or in cases of rape or incest.
The amendment — now in limbo — would insert permanent protections into the state’s constitution for abortion and other reproductive health services.
CDC Director Rochelle Walensky endorsed the shots
Hesitant parents and challenging logistics are slowing the effort to get the nation’s youngest protected against Covid-19.
Top U.S. health officials are debating how much of the Jynneos stockpile in Denmark to bottle to combat monkeypox. It could be saved for a potential smallpox outbreak.
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.We’re all parsing The Speech, Joe Biden’s “Soul of the Nation” address about the growing anti-constitutionalism of Republican extremism. But we should first consider how hard it is to evaluate a speech that no president should have to give.
The principles of classical liberalism that underlie the American political system emerged in an era, the late 17th century, when people were exhausted by violent religious wars. The philosophy that eventually created our democracy was therefore designed to “lower the temperature of politics,” as Francis Fukuyama has recently written, to take issues of existential truth off the table so that people could live in safety.
In Corinne Hoex’s Gentlemen Callers, sex is a dream. The book’s protagonist floats between abstract, ethereal trysts. When she visits a gas-station attendant in her sleep, she is a soapy sponge in his hands. Caressed by a pet groomer, she purrs; she’s his cat. Her liaisons are absurd and illicit—yet, crucially, never dangerous. Gentlemen Callers is not a classic romance novel or a straightforward bodice ripper, Zoë Hu points out.
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.