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.
In a historic victory, the Irish nationalist Sinn Féin party has won the most seats in Northern Ireland’s parliament for the first time ever. Sinn Féin is the former political wing of the IRA — the Irish Republican Army — and favors reunification with the Republic of Ireland.
“Chalk is as lasting as Susan Collins’ moral stance on anything,” one critic hit back at the Maine Republican.
“Do you want us to alert Batman?” one comic asked.
Herbster had the strong support of former President Donald Trump in the Nebraska race.
The United States Senate leaped to unanimous action after the leak of Alito’s draft opinion erasing federal abortion rights. Not to protect those rights, mind you, or to do anything else to begin to repair a Supreme Court that has been so stacked with far-right ideologues that it no longer bears any resemblance to the social fabric of the nation itself; the Senate instead swiftly acted to allow Supreme Court justices to use court officers to protect their families as well.
Fake outrage is kind of Texas Sen. Ted Cruz’s bag, and if you have the sense God gave a Gosar, you might even think he’s good at it. Gaslighting and projection are Republicans’ go-to answers to every controversy these days, and they’re now furiously spinning reality to make it appear as if the current protests outside SCOTUS justices’ homes—and the “appalling” leak of a draft decision ending Roe v.
For days, it’s seemed every story about activity in Kharkiv has included the phrase “and we don’t actually know what’s happening on the west bank of the Siverskyi Donets River.” After racing up the river to surprise everyone by grabbing Staryi Saltiv, Ukrainian forces then began shelling the area surrounding the bridge near Rubiznhe. When that bridge was blown, shells began falling farther north near Starytsya.
“It was almost too stupid for words,” an ex-White House official told Rolling Stone. “I did not get the sense he was joking at all.
It took next to zero effort for pandering Republican state legislators to obtain cut-and-paste, ALEC-generated laws banning and criminalizing all abortions in their states, then brag and fundraise after such laws were passed by a willing Republican governor. But now that the Supreme Court is apparently set on overruling Roe v.
West Virginia Rep. David McKinley became the first member of Congress to lose renomination in 2022 after his Trump-backed colleague, Alex Mooney, defeated him in Tuesday’s Republican primary for the 2nd District: With 58,000 votes counted, Mooney enjoys a 52-37 lead.
The Louisiana GOP official was also arrested last month after he was accused of taping his students’ mouths shut for “excessive talking.
The Atlantic is following the launch of its How to Build a Happy Life podcast, hosted by the renowned social scientist Arthur C. Brooks, with a second season about navigating the challenges of changing your life. In How to Start Over, Atlantic staff writer Olga Khazan analyzes what it takes to change our relationships, our work, and our perspective—with a practical approach to one of life’s greatest mysteries: how to reinvent ourselves.
Last week, Politico reported on a strange leak from the J. D. Vance campaign. A super PAC supporting the Ohio Republican—who won the party’s nomination for Senate on May 3—had commissioned opposition research to help Vance defend against his vulnerabilities. The super PAC discovered that a decade ago, the now staunchly pro-Trump Vance had written a half dozen articles for a website run by a future anti-Trumper: me.
Our stories about environmental catastrophe used to be set in distant futures: the desolate endlessness of The Road, or the hopeless, cutthroat scrounging in the Parable of the Sower. But that kind of far-off storytelling feels like it was made for a time when the repercussions of changing climate and the inequity of natural-resource use were, in fact, far off. Must have been nice.
Intensive parenting—the dominant model of modern American child-rearing—is a bit like smoking: The evidence shows that it’s unhealthy, yet the addiction can be hard to kick. I’d like to suggest strategies that could help society quit overparenting, and they require parents, policy makers, and even the childless to pitch in.
Updated at 2:55 p.m. on May 10, 2022In the two years since she caught the coronavirus, 38-year-old Jessica McGovern has cycled through “well over 100 drugs, supplements, and therapies” to try to keep her long-COVID symptoms at bay.
Lawmakers detail how 400 million Covid-19 doses were destroyed at the company’s Baltimore facility after it failed to heed internal warnings about quality standards.
We speak with historian Kelly Lytle Hernández, whose new book “Bad Mexicans: Race, Empire, and Revolution in the Borderlands” tells the story of the often-overlooked men and women who incited the Mexican Revolution and how it relates to the rise of U.S. imperialism. The movement included intellectuals, workers and others who opposed Mexico’s dictatorial President Porfirio Díaz, who ruled for decades with support from the U.S. government and U.S.
The Pulitzer Prizes were announced Monday, and among the winners was the Futuro Media and PRX team behind the seven-part podcast series “Suave” that follows acclaimed journalist Maria Hinojosa’s decades-long friendship with David Luis “Suave” Gonzalez, who received a life sentence without parole at the age of 17 for first-degree homicide.
Sri Lanka’s prime minister stepped down Monday following weeks of street protests over the country’s worst economic crisis in its history, which has seen skyrocketing food and fuel prices in the island nation. Prime Minister Mahinda Rajapaksa’s resignation came after supporters of the ruling party stormed a major protest site in the capital Colombo, attacking protesters and prompting clashes with police.
Court battles over Covid-19 safety measures and recent court rulings will impact the government’s ability to keep Americans safe, experts warn.
Ashish Jha urges more funding for vaccinations and testing.
The nation’s top medical adviser expressed private frustration that elite D.C. no longer seems to take the Covid threat seriously.
The case numbers in the U.S. and globally are still relatively low, but their severity has clinicians worried.
Rates this year could reach their highest levels since before the 2008 Wall Street crash if surging prices continue.