Posts by Amelia Frost
Trump Tests Fed’s Independence With Order Expanding Authority Over Agencies
The situation gets even more complicated when considering the other activities the Fed undertakes, especially during times of crisis, that do not neatly fall into either the monetary or the regulatory bucket, Ms. Judge said. For example, during the Covid-induced economic shock in 2020, the central bank aggressively intervened in a range of debt markets…
Read MoreNominee for Deputy Transportation Secretary Comes Under Fire for Handling of Boeing
Democratic senators on Thursday questioned Steven Bradbury, President Trump’s nominee for deputy secretary of the Transportation Department, about his handling of the congressional investigation into two Boeing Max plane crashes in 2018 and 2019, and his safety record during his previous tenure at the agency. The Boeing investigation occurred during Mr. Trump’s first administration, when…
Read MoreThis Is The Amount Of Money It Would Take Americans To Quit Their Job To Travel The World
the village of Positano on the Amalfi coast in southern Italy. FILIPPO MONTEFORTE/AFP via Getty Images A recent study revealed that for many Americans, the dream of dropping everything to travel the world has a price tag—an average of $287,731, to be exact. A Talker Research survey of 2,000 people found that Baby Boomers wouldn’t…
Read MoreElon Musk Says It’s Time To Start Preparations For ‘Deorbiting’ The International Space Station: ‘It Has Served Its Purpose’
AFP President Donald Trump’s right-hand man, Elon Musk, hinted the International Space Station’s days may be numbered. “It is time to begin preparations for deorbiting the @Space_Station. It has served its purpose. There is very little incremental utility. Let’s go to Mars,” the billionaire tech mogul turned DOGE leader posted to X Thursday. It is…
Read MoreChicago Warns Dog Owners Not To Let Pets Pee On Light Poles After Series Of Horrific Electrocutions
Chicago dog owners are reeling after several pets were shocked by electrified manhole covers and light poles; in one instance, a dog was killed. The Chicago Department of Transportation announced statement the dangers of stray voltage in the city: Announcement from the Chicago Department of Transportation Latin Times “Stray voltage, while rare, can pose a…
Read MoreHong Kong’s Oldest Pro-democracy Party Prepares To Shut Down
A 30-year-old Hong Kong political party that used to lead the city’s pro-democracy camp before Beijing cracked down on dissent will start preparations to shut down, its leader said Thursday. “We are going to proceed and study on the process and procedure that is needed for the disbanding,” said Lo Kin-hei, chairman of Hong Kong’s…
Read MoreTeenager Kills Two Women In Knife Attack At Czech Shop
A 16-year-old boy killed two women in a knife attack at a discount shop in the Czech Republic on Thursday, police said, adding the motive remained unclear. Police arrested the teenager, a Czech national, minutes after the attack at an Action branch on the outskirts of Hradec Kralove, around 100 kilometres (60 miles) east of…
Read MoreEU Trade Chief Says Tariff Reciprocity ‘Must Work For Both’ Bloc And US
EU trade chief Maros Sefcovic said Thursday that reciprocity in tariffs should apply to both the bloc and Washington, after talks with his counterparts in US President Donald Trump’s administration. With the United States planning “reciprocal tariffs,” the European Union is ready to engage, Sefcovic told reporters. “We will be ready to look (at) how…
Read MoreGerman Court Rules Birkenstocks Are Not Art
A Germany court ruled on Thursday that Birkenstock sandals are not art in a lawsuit the company brought against competitors who sell similar looking footwear. Ethan Swope/Getty Images Birkenstocks, which have moved beyond the counterculture to the runway, may be comfortable footwear, but they’re not art, a German court ruled on Thursday. Birkenstock, which was…
Read MoreBinance Faces $81.5 Billion Lawsuit In Nigeria Over Alleged Economic Harm: Report
KEY POINTS Nigeria reportedly claimed in a Wednesday lawsuit that Binance’s business hurt the naira The country also wants Binance to pay a 26.75% interest rate on its alleged unpaid taxes, as per Reuters Tigran Gambaryan’s case was the most prominent aspect in Binance’s legal woes in Nigeria Nigeria’s Federal Inland Revenue Service (FIRS) has…
Read MorePressured By Putin And Trump, Walls Close In On Zelensky
Outgunned Ukrainian forces have slowly lost territory to Russian troops over recent weeks. But in the capital Kyiv, the ground is shifting rapidly beneath President Volodymyr Zelensky’s feet. US President Donald Trump, his most powerful yet unpredictable ally, has called into question years of staunch support from Washington by amplifying a string of dangerous and…
Read MoreClean Energy Was Lifting Manufacturing. Now Investment Is in Jeopardy.
American manufacturing has been in the doldrums for years, battered by high borrowing costs and a strong dollar, which makes exports less competitive. But there has been a bright spot: billions of dollars flowing into factory construction, signifying that a potential rebound in production and employment is around the corner. The flood of investment has…
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