Federal Reserve chairman Kevin Warsh is reportedly weighing whether the central bank should hold fewer policy meetings each year. Why it matters: Cutting the Fed's meeting schedule would be the biggest change to the process of monetary policymaking in decades, reducing the procedural burden on staff but giving policymakers fewer routine opportunities to adjust interest rates as the economy changes. Driving the news: The New York Times reported Friday that Warsh raised the idea of holding fewer meetings to discuss interest rates, citing four people familiar with the matter. - Bloomberg later reported that he floated six rate-setting meetings each year, plus two meetings focused on broader economic issues. - Any new schedule could be…
The U.S. and Japanese governments have acted together to try to prop up the value of the yen on global currency markets. The way they did it contains a clue about U.S. goals — and has some worrying implications for global markets. The big picture: Headline indicators have been steady across global financial markets this summer. Yet there are some signs of strains beneath the surface, particularly in the form of rising long-term borrowing costs at a time of elevated debt worldwide. - The U.S. participation in the yen intervention may have been an effort to enable the Japanese to smooth gyrations in their currency without creating more market pressure for Treasury bonds. - Japan has intervened in the market for the yen off and on for…
Two people in Michigan have died in connection with the multistate cyclosporiasis outbreak, Michigan health officials said Monday, marking the first known deaths linked to the foodborne illness. Why it matters: Weeks into the national crisis that's sickened thousands of people, federal authorities still don't know for certain where it's coming from or why. Driving the news: Medical records show that the individuals who died "had significant underlying health conditions that may have been impacted by cyclosporiasis and dehydration," Michigan's Health and Human Services Department said Monday. - Generally, health experts don't consider cyclosporiasis to be life-threatening. Go deeper: How Cyclospora cases compare to the biggest U.S.…
There have been 11,234 cases reported in the latest outbreak as of Monday, Michigan health officials reported, and 193 people have been hospitalized with infections.
After years of dire warnings, the climate panic is quietly fading. World leaders barely mention it, voters rank it near the bottom of their priorities, and even Greta Thunberg has moved on. So what changed? Bjorn Lomborg, Hoover Institution fellow and author of False Alarm, investigates. Listen to 5-Minute Videos on Spotify and Apple Podcasts New episodes drop every Monday! Spotify: https://l.prageru.com/3OSGlUL Apple Podcasts: https://l.prageru.com/3Nfs9on Watch our content ad-free on our app: https://prageru.onelink.me/3bas/vgyxvm79 Donate to PragerU: https://l.prageru.com/4jiAT85 Follow PragerU: Instagram (https://www.instagram.com/prageru/) X (https://twitter.com/prageru) Facebook (https://www.facebook.com/prageru/) TikTok …
PORTLAND, OR — Local man Dave McMillan devised a foolproof way to determine which propositions he should support on the ballot by researching which initiatives are endorsed by the local teachers union and then voting the exact opposite.
Over 2,000 illegal migrants have crossed the English Channel since Andy Burnham became Prime Minister of the United Kingdom.
The first weeks of British Prime Minister Andy Burnham’s tenure have been marked by a surge in illegal migrant crossings of the English Channel. PULSE POINTS WHAT HAPPENED: - DETAIL: Andy Burnham became Prime Minister of the United Kingdom two weeks ago. Since entering 10 Downing Street, the Prime Minister’s official residence, over 2,000 illegal migrants have already arrived in the country. This represents an increase compared to the 1,962 illegal migrants who crossed the English Channel at the same time last year. There have been well over 10,000 illegal Channel crossings so far this year, according to data released by the Home Office, roughly equivalent to the U.S. Department of Homeland Security. IMPACT: The crossing figures…Open
