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Residents in Bordeaux in southwestern France are doing everything in their power to stop a wildfire that’s been burning for more than a week. The flames are too spread out for professional firefighters to be everywhere, so for now, civilian volunteers are the only thing standing between the fire and a major French city.
Inflation has been too high for too long, and the Federal Reserve should not count on it fading without further action. - That is the argument from the three Fed officials who dissented from the decision led by chairman Kevin Warsh to leave interest rates unchanged this week, preferring instead to raise them. Why it matters: Together, the dissents lay out a blueprint for the Fed's hawkish wing, arguing that repeated supply shocks paired with resilient demand have made inflation too persistent to fade on its own without tighter monetary policy. - The question in the months ahead is whether that argument persuades more policymakers, especially if inflation remains stubborn. - It is worth watching whether they turn out to have momentum…
Inflation has been too high for too long, and the Federal Reserve should not count on it fading without further action. - That is the argument from the three Fed officials who dissented from the decision led by chairman Kevin Warsh to leave interest rates unchanged this week, preferring instead to raise them. Why it matters: Together, the dissents lay out a blueprint for the Fed's hawkish wing, arguing that repeated supply shocks paired with resilient demand have made inflation too persistent to fade on its own without tighter monetary policy. - The question in the months ahead is whether that argument persuades more policymakers, especially if inflation remains stubborn. - It is worth watching whether they turn out to have momentum…Open
Internal divisions over whether to raise interest rates intensified at Kevin Warsh’s second meeting as chairman of the Federal Reserve.
Companies are seizing on what many say is perhaps the most favorable regulatory environment for businesses in years.
Tony Romo has been put on leave from his role at CBS Sports, the network said in a statement on Friday.
| Keywords | tony-romocbs-sportsarrestmedia-scandalsports-mediaemployment-lawnewsbroadcastingsuspension |
The National Autonomous University of Mexico, or UNAM, is investigating after experts found that as many as half of all entrance exams could have involved cheating, including with A.I.
Wilson, whose 2017 translation of Homer’s Greek classic influenced the director Christopher Nolan, panned his screenplay for the movie version in an essay for The London Review of Books.
| Keywords | emily-wilsonthe-odysseyhomerchristopher-nolangreek-classicstranslationliteraturebook-reviewlondon-review-of-booksmythologyscreenplaymoviescultural-debateclassicistsmedia-analysis |
As the Mexican-inspired American chain makes its debut in Mexico, it faces a major hurdle: convincing Mexicans to buy an Americanized take on their own national cuisine.
The Douglas DC-3 was mass produced during World War II. Today, one of the few still remaining transports passengers in Colombia’s jungle.
| Keywords | douglas-dc3aviationwwiiamazon-junglecolombiavintage-aircrafttransportationhistoryworld-war-iiflyingair-travelsouth-americaaircraft-restorationlegendary-planes |
New York sued Kalshi Friday, alleging its prediction market is nothing more than illegal, unlicensed gambling, because outcomes depend more on chance than skill.
| Keywords | kalshinew-yorkillegal-gamblingprediction-marketslawsuitgamblingfinanceregulationus-politicslegal-actionbettingfinancial-marketsconsumer-protectionmarket-regulation |