Fed's Evans says inflation has to hit 2% for central bank to maintain credibility. Chicago Fed President Charles Evans has forecast two interest rate hikes this year but said he could be comfortable with a third. – MarketwatchThis article goes on about why the Federal Reserve has to raise price inflation in order to remain credible. Its point is that in the 1970s, inflation had to brought do...Read More
Scientists are worried about the Trump administration: His pick for the Environmental Protection Agency doesn't seem interested in protecting the environment, his energy secretary lacks the publication record of his highly academic predecessors, and the president himself once tweeted that global warming is a Chinese hoax. In light of such issues, they're planning a march to advocate the use of sci...Read More
US immigration order strikes against biotech ... We the undersigned, founders and leaders of biotech companies, write to express our deep concern and opposition to the executive order signed by President Donald Trump on January 27, 2017, barring the entry of citizens from seven countries into the United States. The United States is the world's greatest developer of medicines and new inventio...Read More
The terrifying truth about North Korea’s nuclear weapons ...”North Korea just stated that it is in the final stages of developing a nuclear weapon capable of reaching parts of the US,” President-elect Donald Trump tweeted on January 2. “It won’t happen!” However, the terrifying truth is that North Korea, the only country to have tested nuclear weapons in the 2...Read More
Republican attack on Fed casts doubt over global bank rules Trump-era co-operation uncertain as congressman criticises deals with 'foreign lands' ... The future of cross-border co-operation on bank regulation in the Trump era has been thrown into doubt, with domestic pressure mounting on the US Federal Reserve and a senior member of the House of Representatives calling on the central bank not to n...Read More
‘If trade stops, war starts’ Alibaba founder who visited Donald Trump warns .. ‘The world needs globalisation, it needs trade’ ... Jack Ma met US President Donald Trump last month and announced his company would help create one million jobs in the US. -The IndependentThe question is whether Alibaba founder wants to implement trade by force or voluntarily. He doesn&#...Read More
How Big Government Has Outlasted Presidents for a Century ... Trump's recent flurry of executive orders mandates that for every new regulation issued by any agency, two must be eliminated. This comes on top of a federal hiring freeze and vows to reduce administrative bloat and otherwise force the government bureaucracy to conform to the kinds of expectations that govern private business. While T...Read More
Trump to sign executive actions targeting Obama financial regulations … The president is expected to sign a pair of executive orders targeting rules imposed on the financial sector Friday, according to senior White House officials.The president has signed two executives order that will free up the ability for companies and Wall Street to function with less paperwork and regulatory reporting...Read More
Germany approves electronic ankle bracelets to monitor extremists Germany’s cabinet has approved a measure aimed at tracking individuals who might pose a terrorism threat. The monitoring device can be used even if an individual hasn’t been convicted. -DBSo now Germany is punishing people who haven't been convicted of anything. This is part of a larger cultural problem that Germany ha...Read More
A cluster of ghostly hand- and footprints on a mountain north of Lhasa offers evidence that humans scratched out a permanent existence in the thin air of Tibet much earlier than commonly thought, according to a new study. Some locals believe the prints, pressed into an ancient slab of limestone located 14,000 feet above sea level near the present-day village of Chusang, were left behind by mythi...Read More
Journalists Look Awkward in the ‘Opposition Party’ ... The opening days of Donald Trump's presidency are forcing the traditional news media to choose between squarely reporting on the president and more directly challenging him when he makes statements that are demonstrably false. The strategic choice between a watchdog mission and an active opposition must be made mindfully. Otherwise...Read More
On Friday, British Prime Minister Theresa May will become the first world leader to meet with Donald Trump since he was sworn in as U.S. President. The meeting breathes new life into the long-standing "special relationship" between the United States and Britain, with Mr. Trump already calling her "his Maggie," drawing comparisons to the political bond forged between Ronald Reagan and Margaret That...Read More
Andrew Napolitano: Trump has committed the most revolutionary act I’ve seen in 45 years ... Within four hours of becoming president of the United States, Donald Trump signed an executive order intended to limit immediately the effects of the Patient Protection and Affordable Care Act (Obamacare) in ways that are revolutionary.The biggest way that the executive order was revolutionary,...Read More
Don't look now: It's President Pence! Donald Trump can be deposed, even without impeachment ... -SalonMainstream media is going well beyond general speculation over a Trump impeachment. They're now speculating on numerous ways that Trump could be removed from office through the 25th amendment.The idea is that Trump is not sane. He is entirely enamored of himself and is running the presidency base...Read More
Here is the key to investigating Donald Trump ... We were successful because we collaborated with other journalists. Now it is time for the media to join forces once again - especially given the threat Trump poses trump towers 'We are faced with a story that is too big and too important to handle on our own.'The Guardian claims it "broke" the story of the Panama Papers and can use the same t...Read More
EU states should guarantee minimum income for citizens ... The European Commission wants all EU member states to introduce minimum wages and incomes for their workers and unemployed, the head of the EU executive president said on Monday, in an effort to combat growing social inequality and poverty. The Commission, which has limited powers in the area of social policy, is preparing an overhaul of...Read More
While Trump fans are happy to see the antagonism, others worry about Trump’s long-term damage ... Donald Trump's "running war" on the media is continuing into his presidency, with statements over the weekend calling into question the extent to which information from the White House can be trusted. White House press secretary Sean Spicer on Monday will hold his first daily press briefing, a...Read More
Shipping crisis puts German banks under pressure ... The flailing container shipping industry is a massive problem for state banks, particularly in northern Germany. Some fear that skyrocketing risk provisions may cost taxpayers billions of euros. A report published on Sunday by German public broadcaster ARD has suggested that the northern German states of Hamburg and Schleswig-Holstein may ha...Read More
We need an alternative to Trump’s nationalism. It isn’t the status quo. The answer to neoliberalism's Waterloo cannot be the retreat to a barricaded nation-state and the pitting of 'our' people against 'others' fenced off by tall walls.The Guardian has suggested that progressive internationalism should be the antidote to populism around the world. It says that one cannot fight Trump's...Read More
The Ways That Pop Economics Hurt America ... Someone needed to write a book about how economic theory has been abused in American politics. And someone finally did. James Kwak's "Economism" is a very important and timely book, and anyone who is interested in public affairs should pick up a copy and read it. Kwak, a law professor at the University of Connecticut, spins a tale of how simple supp...Read More