NYC found in contempt over ‘grave’ conditions at Rikers Island — with fed takeover increasingly likely
New York City was found guilty of contempt Wednesday over “serious” conditions at Rikers Island. The judge said Rikers Island is “prone” to ordering a federal takeover of the troubled prison complex. A scathing 65-page contempt order by Manhattan federal judge Laura Taylor Swain accused the city of increased inmate deaths, a spike in “uses […]
Mississippi teacher who fed students dog food she thought was beef jerky ousted from job
Bone appetite! A Mississippi teacher is in the doghouse after unknowingly serving nearly a dozen students beef-flavored dog treats during a classroom party, sending one child to the hospital. A Calhoun City High School educator lost his job over the blunder after eight students ate at least a mouthful of pet food, mistaking it for […]
Fed minutes show volatility was reason to go slow on rate cuts
Fed officials appeared to be divided on how far they should cut interest rates at their meeting earlier this month, but the entire group agreed that U.S. monetary policy will change in the coming weeks. They agreed that now is the time to avoid giving too specific guidelines regarding the possibility of such developments. First. […]
US Dollar Crushes Euro, Yen, Canadian Dollar, other Currencies as Fed Backpedals on Pace of Rate Cuts – WOLF STREET
Amid renewed concerns about inflation and above-average economic growth. Written by Wolf Richter of Wolf Street. dollar index [DXY] The index, which pegs the U.S. dollar against a basket of six currencies dominated by the euro and yen (euro, yen, Canadian dollar, British pound, Swedish krona and Swiss franc), has so far risen to 107.6, […]
Democrats fed up with own party after Trump win: 'Afraid' to speak out
‘Fox & Friends’ co-hosts discuss Democrats’ outrage at their party over the 2024 election results. #FoxNews Subscribe to Fox … source
Australian Dollar pares gains as US Dollar remains steady due to cautious Fed – FXStreet
The Australian dollar faces challenges due to increased risk aversion. Minutes of the RBA meeting could provide further insight into the central bank's policy outlook on Tuesday. The US dollar strengthened after hawkish comments from Federal Reserve officials. The Australian dollar (AUD) came under downward pressure against the US dollar (USD) on Monday. However, Reserve […]
Maher blasts left ‘doubling down’ on what ‘f—ed’ them in election: ‘Take one week to ask what you did wrong’
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The Fed May Cut if Trump Raises Tariffs
Fed does not consider tariffs to be inflationary A question we often get asked is how the Federal Reserve is likely to react to President-elect Donald Trump's tariffs. Simply put, The Fed is likely to ignore them. Critics of tariffs argue that: Raising tariffs on imports would cause inflation, slow U.S. growth, and even push […]
King Charles fed up with ‘fragile’ Prince Andrew after he avoids eviction: expert
King Charles is fed up with his brother Prince Andrew's antics, according to a royal expert. After officially cutting off his brother's financial lifeline last month, the monarch was able to spend an extra million million on his 76th birthday celebrations on Thursday. The disgraced Duke of York, 64, was set to leave the Royal […]
Fed Chair Jerome Powell says central bank in no rush to reach ‘neutral rate’
Kenny Porcari, chief market strategist at Slate Stone Wealth, talks about Fed Chair Jerome Powell's job and what steps President Trump will take to expand Bernie & Company's economy. Federal Reserve Chairman Jerome Powell He said Thursday that central bank policymakers are in no hurry to cut interest rates to the so-called “neutral rate” and […]