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NYTIMES (Colby Smith) - Transition to a New Fed Chair Is Unlikely to Mean Immediate Rate Cuts

The Federal Reserve is expected to hold interest rates steady this week as Jerome H. Powell presides over what is likely to be his last meeting as chair.

Keywordsfederal-reservejerome-powellinterest-ratesmonetary-policykevin-warsheconomyus-economybankingcentral-bankfed-chairfinancestock-marketinflationus-politicspresidencytrump-administrationbusinessinterest-rate-decisionfederal-reserve-systemfinancial-news

NYTIMES (Stephen Castle) - The Small U.K. Agency That’s a 911 for Ships in the Strait of Hormuz

At a military base outside Portsmouth, England, a 24-hour service monitors the Persian Gulf, the Red Sea and part of the Indian Ocean, responding to distress calls.

Keywordsukmtounited-kingdomstrait-of-hormuzportsmouthpersian-gulfred-seaindian-oceanshippingmaritime-securitymaritime-warfaredistress-callsnaval-baseenglandmilitarycoastguardglobal-trademiddle-eastgeopoliticsoil-supplyukmto-agencymaritime-safetyshipping-industryinternational-waters

AXIOS (Emily Peck) - American CEOs are getting older

Data: BoardEx via "Aging at the very top," published by NBER ; Note: Sample includes 50,510 CEOs in U.S.; Chart: Emily Peck/Axios It's not just Congress — the corner office is graying, too, with the average American CEO now 61, up from around 51 two decades ago, a new working paper finds. Why it matters: It's a mixed bag: Older leaders tend to manage businesses that grow more slowly and are less likely to radically innovate, the study finds, in line with prior research. But they also appear to be better at managing companies through more uncertain economic times. By the numbers: The researchers looked at a database of more than 50,000 leaders. They found that the tendency to hire older leaders is more predominant among smaller,…

Keywordsceoappletim-cookjohn-ternusbusinesseconomylabor-marketemploymenthiringdemographicsageismworkforcecorporationssp500smebig-techmanagementcareerprofessionalismeconomicspoliticscongressgerontocracyusaamericaaxiosnberbloomberg

AMERICANTHINKER - Will Democrats Allow Their Socialist Voters a Clean Presidential Primary in 2028?

Photo Credit:Bernie Sanders mark nozell wikim cc2 Watch the Democrats stiff their own voters, who dearly long for a radical socialist as their presidential candidate.

Keywordsdemocratsdemocratic-partysocialismred-green-axisradical-leftamerican-politicsuselections2028-electionpresidential-primarybernie-sanderspolitical-strategybig-governmentextremismleftismideologysocialist