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Jun 10 2022
News
Wall St suffers biggest weekly loss since January after hot CPI data
U.S. stocks posted their biggest weekly percentage declines since January and ended sharply lower on the day Friday as a steeper-than-expected rise in U.S. consumer prices in May fueled fears of more aggressive interest rate hikes by the Federal Reserve.
Tech and growth stocks, whose valuations rely more heavily on future cash flows, led the decline. Microsoft Corp (MSFT.O), Amazon.com
ReutersFeb 22 2022
News
Blinken says meeting with Lavrov is off after Russia moves on Ukraine
US Secretary of State Antony Blinken will no longer meet with Russian Foreign Minister Sergey Lavrov in Geneva this week, he announced Tuesday, in the latest sign that diplomatic avenues with Russia over Ukraine are quickly closing.
"Now that we see the invasion is beginning and Russia has made clear its wholesale rejection of diplomacy, it does not make sense to go forward with that
CNN DigitalJan 13 2021
Opinion
How MAGA Extremism Ends
For the past four years, Donald Trump has been playing two roles: one as president, and the other as the rallying point for a coalition of theocrats, internet fantasists, white supremacists, and various other authoritarians who are in no way committed to peaceful transitions of power. Wednesday’s insurrection at the United States Capitol made Trump’s latter role all too clear.
Before he
The AtlanticSep 07 2022
News
Covid Origin Destined to Be a Forever Secret
On the menu today: Remember the lab-leak theory? A few scientists argue that it is dead, with new studies contending that the global pandemic, which likely killed three to four times the official death-toll numbers, must have started from someone catching the virus from an animal in a wet market. Other science writers say, “Not so fast,” arguing that the lack of cooperation from China and
National Review (News)Jun 16 2022
Analysis
Escalating Oil Prices and Fed Funds Rates Preceded Every Recession Since 1957
In 1997, Former Federal Reserve Chairman Ben Bernanke, while still an academic, wrote a famous historical study for the Brookings Institution: “Systematic Monetary Policy and the Effects of Oil Price Shocks” with Mark Gertler and Mark Watson.
It began by documenting that “essentially all the U.S. recessions of the past thirty years have been preceded by both oil price increases and a
Cato InstituteJun 22 2022
News
Juul e-cigs could be taken off the market as early as today
E-cigarettes from Juul Labs could be taken off the market in the U.S. as early as Wednesday.
The Food and Drug Administration is expected to announce the decision after a two-year review of data from Juul, which was pushing to keep its vapes on store shelves, reports the Wall Street Journal.
The expected move comes as something of a surprise after the FDA’s clearance of tobacco-
FortuneJun 22 2022
News
Buying From Mark Cuban’s Pharmacy Could Save Medicare Billions, Study Says
Medicare’s prescription-drug program could save billions of dollars annually if it purchased generic acid-reflux, cancer and other drugs from a new pharmacy backed by investor Mark Cuban, according to Harvard Medical School researchers.
Mr. Cuban, the billionaire internet entrepreneur and owner of the NBA’s Dallas Mavericks, launched his pharmacy in January with an eye toward disrupting
Wall Street Journal (News)May 28 2021
News
Senate GOP blocks legislation on Jan. 6 commission
Senate Republicans on Friday blocked legislation to form a commission to probe the Jan. 6 attack on the Capitol.
Senators voted 54-35 on the House-passed bill, falling short of the 10 GOP votes needed to get it over an initial hurdle. GOP Sens. Lisa Murkowski (Alaska), Mitt Romney (Utah), Susan Collins (Maine), Bill Cassidy (La.), Rob Portman (Ohio) and Ben Sasse (Neb.) broke ranks,
The HillFeb 09 2021
News
Trump's lawyers warn of Republican retaliation, impeachment as political weapon
The historic second impeachment trial of former President Donald Trump will open in the Senate on Tuesday, with his attorneys saying Mr. Trump is blameless for the insurrection at the U.S. Capitol and accusing Democrats of exploiting the deadly riot for partisan gain.
Defense attorneys David Schoen and Bruce Castor said in a legal brief filed Monday that the impeachment trial is an act
Washington Times