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.
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.
“This opinion is dark. It is incredibly dangerous and it is not just about a woman’s right to choose. It is about much more than that.
With the leaked news that the Supreme Court has the votes to erase federal abortion rights, allowing states to push forward whatever new bans they might desire, Republican states are wasting no time in writing up even more extreme legislation. In Louisiana, that means a new bill criminalizing abortion and charging women who obtain abortions with murder. Republican senators continue the tradition of lying flat-out about their own declared policy stances.
There’s a line in the Lord of the Rings trilogy that appears in both the books and the films, though with slightly different words and at slightly different times. The wizard Gandalf, having been thought lost in the depths by most of his company, returns unexpectedly, appearing before a group of his friends in his new, bright white robes. “Be merry!,” Gandalf says to them. “We meet again, at the turn of the tide.
“Are you?” the White House press secretary quipped to the often-combative Fox News reporter.
“No one would know it was us,” the former president said, according to an upcoming memoir written by the former Pentagon chief.
Daily Kos was born on May 26, 2002. That makes 2022 our 20th anniversary year, and just one of the ways we’re celebrating is by bringing back the Koscars! One of the things that makes Daily Kos special is our open platform, where community members can publish stories alongside staff. The Koscars seeks to acknowledge and honor outstanding writing contributions from everyone. The entire Daily Kos membership is “the Academy,” so your votes decide the winners.
There’s a scene in the Bible where Lot offers up his daughters to be raped by a mob in order to protect two angels he’d invited into his home. Turns out the rapists had actually wanted to rape the angels, but Lot decided that would be be gauche, since they were invited guests. So, yeah—he offered the raping rabble his daughters. And Lot explicitly sweetened the deal by revealing that his daughters were both virgins.
The Bureau of Reclamation on Tuesday announced its new plan to keep Lake Powell alive and Glen Canyon Dam operational. “To protect Lake Powell, more water will flow into the lake from upstream reservoirs and less water will be released downstream,” the agency wrote in a press release.
The Fox News host asked why the Biden administration would hire someone “who’s about eight-and-a-half-months pregnant.
The single-shot Covid-19 vaccine will now only be available for adults who cannot or will not receive an mRNA vaccine.
Jean-Pierre will be the first Black woman and first openly queer person to serve as White House press secretary, after Jen Psaki steps down from the role.
One day, deep into production on David Lynch’s 2006 film, Inland Empire, a producer approached the actor Laura Dern in a panic, trying to parse a strange request from the director. “He took me aside and said, ‘Laura, David called me this morning, and I can’t figure out if it’s a joke,’” Dern, the movie’s lead, recalled in an interview. “‘He said, “Bring me a one-legged woman, a monkey, and a lumberjack by 3:15.
More than two years into this pandemic, we finally have an antiviral treatment that works pretty darn well. Paxlovid cuts a vulnerable adult’s chances of hospitalization or death from COVID by nearly 90 percent if taken in the first few days of an infection. For adults without risk-heightening factors, it reduces that likelihood by 70 percent. Also, it might make your mouth taste like absolute garbage the whole time you’re taking the pills.In Pfizer’s clinical trials, about 5.
The love song, the breakup song, the party song—all are excellent pop traditions, but a good doomsday song can do the work of all three. What connects David Bowie’s “Five Years” to Prince’s “1999” to Lana Del Rey’s “The Greatest” aren’t just visions of civilizational collapse.
Here is the foundational narrative on which I was raised: In March 1933, my great-uncle Arthur Kahn walked out of his apartment in Würzburg, Germany, for what was supposed to be a short Easter-break trip to see relatives. He was 21, training to be a doctor. He didn’t know it, but his name had been placed on a list of students suspected of Communist ties. He had none, but he was arrested in Nuremberg. A few weeks later, he was transferred to Dachau, which had just opened as a prison.
We speak to Yale University historian Timothy Snyder about his latest article for The New Yorker, “The War in Ukraine Is a Colonial War.” Snyder writes about the colonial history that laid the foundations for the Russian war in Ukraine, such as Russia’s imperial vision and how leaders including Hitler and Stalin have aimed to conquer Ukrainian soil on different premises. “The whole history of colonialism … involves denying that another people is real.
The European Union has announced a plan for a total ban on Russian oil by 2023. The move is backed by Germany, one of the countries most dependent on Russian fuel. World leaders hope that stricter sanctions on Russia will cut off financing for the war in Ukraine.
This week U.N. Secretary-General António Guterres is in Nigeria, where he warned Russia’s invasion of Ukraine is leading to a growing hunger crisis in Africa. A new report by Human Rights Watch finds the Russian invasion of Ukraine has worsened food insecurity, particularly for African countries that were already experiencing a hunger crisis.
Secretary of State Antony Blinken has tested positive for the coronavirus. State Department spokesperson Ned Price said Wednesday Blinken would isolate at home according to CDC guidelines. Blinken met Wednesday with Swedish Foreign Minister Ann Linde shortly before his positive test result. A day earlier, he met with Mexican Foreign Secretary Marcelo Ebrard.
The push to develop daily oral contraceptives without prescription has been years in the making.
If the court adopts the initial draft opinion, the retreat on abortion rights would be sweeping.
With lawmakers stymied, much of the abortion-rights response is expected to fall to medical and activist groups.
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.