News Syndicates

Biden Reacts to Supreme Court’s Decision

President Joe Biden on Thursday responded to the Supreme Court’s decision to effectively end affirmative action in college admissions, criticizing the court for breaking with decades of precedent. “I strongly disagree with the court’s decision because affirmative action is so misunderstood,” Biden said at the White House before departing for New York. “Many people wrongly believe that affirmative action allows...

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Is Recession Timing Still Unpredictable?

Commentary Debate continues as to whether recession still lies ahead. The yield curve has pointed to an 80 percent chance of recession. But, when comparing today’s situation with the comparable U.S. real GDP contraction in 2008, its timing forecast has low accuracy. As the original literature documented, the yield curve only predicts a yes-no outcome (of recession) rather than the...

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How Hong Kong Protest Anthem Was Censored on US Platforms; What’s Left of Hong Kong’s Freedoms? [ATL:NOW]

In this episode of “ATL:NOW,” I sit down with Simon Lee, an economics writer and a former executive of Hong Kong’s Apple Daily newspaper, to discuss the Hong Kong government’s attempts to get the iconic Hong Kong protest song “Glory to Hong Kong” removed from various platforms like Google, YouTube, and Apple. What is left of Hong Kong’s freedoms?

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Retiring GOP Senators Left Congress With $1.5 Billion in Earmarks in 2022 Spending Package

Three retiring Republican senators—Roy Blunt of Missouri, Jim Inhofe of Oklahoma, and Richard Shelby of Alabama—received more than $1.5 billion in earmarks contained in the Omnibus Spending Bill of 2022, according to a new analysis by a nonprofit government watchdog. The Republican trio’s pork barrel projects were among the 7,506 in the bill, worth a total in excess of $16...

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130 Countries Are ‘Exploring’ Central Bank Digital Currencies, Report Says

Nearly two thirds of the countries in the world are now “exploring” central bank digital currencies (CBDCs) at one level or another, a new report says. The report, published on Wednesday by Washington-based think tank Atlantic Council, reveals that a total of 130 countries—representing 98 percent of global economy—are taking steps to convert their central bank money into digital form....

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Travelers Suffered Through Another Day of Cancellations—It Could Get Worse as Holiday Approaches

Hundreds of thousands of summer travelers suffered through another day of delayed and canceled flights Wednesday, a troubling glimpse into what could happen over the long July 4 holiday weekend as airlines struggle to keep up with surging numbers of passengers. By early evening on the East Coast, nearly 5,800 U.S. flights had been delayed and 1,000 more were canceled,...

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Trump, Other Politicos Fight for Attention in Changing Media Landscape

News Analysis Big-name politicians—such as former President Donald Trump, President Joe Biden, and their rivals—are jockeying for positions amid a media landscape that looks a lot like the Wild West lately. High-profile shakeups have recently hit two major networks, Fox News and CNN, leaving candidates and viewers guessing the political direction each might take next. After firing conservative megastar host...

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Tech Startup Gan Jing World Poised to Shape the Future, One Community at a Time

Gan Jing World, a high-tech startup, has become a growing force in upstate New York, in a community looking to transition to a technology hub. Gan Jing means clean, and the platform is committed to providing content “free from violent, erotic, criminal or harmful material,” according to its website. Joseph DeStefano, mayor of Middletown, the city where Gan Jing World...

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What Could Be in Store for Canadian Home Prices

Canada’s housing market has good reason to be rising despite 4.5 percentage points of Bank of Canada interest rate hikes since March last year. But policy-makers are taking steps to contain risks stemming from the housing market and analysts expect prices to start dropping. “I’m pretty sure the Bank of Canada is not happy seeing the housing market start to...

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Trump Sues E. Jean Carroll for Defamation, False Statements After Jury Orders Him to Pay $5 Million

Former President Donald Trump has filed a counterclaim against author E. Jean Carroll, accusing her of defamation and making “false statements” after she alleged he raped her in a dressing room at the Bergdorf Goodman department store in Manhattan in the mid-1990s. Trump’s counterclaim comes just a month after he was ordered to pay $5 million in damages when a jury found him liable for...

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Top US Officials Have ‘First-Hand Knowledge’ of Secret UFO Program: Rubio

Sen. Marco Rubio (R-Fla.) has claimed that multiple senior government officials—including Pentagon employees with “high clearances”—are aware of a secret UFO craft crash retrieval program being run by the United States. The Republican lawmaker made the claims in an interview with NewsNation on June 26, shortly after Air Force veteran and former intelligence officer David Grusch alleged that the Pentagon had discovered dead...

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AI Is a High and Important Priority: Australian Financial Market Regulator

Australia’s corporate regulator has placed at the top of its agenda the regulation of artificial intelligence development in the financial markets amid the “new and different ” risks attached to the quickly evolving technology, partly driven by the fear of being “left behind”. In a recent speech at a financial markets forum, Australian Securities and Investment Commission (ASIC) chairman Joe...

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Heat Wave Expected in Southern California This Weekend

Southern Californians should expect a hot and sunny weekend as the season’s first mini heat wave arrives. Cool and breezy days will be replaced by warmer temperatures Saturday and Sunday as thermometers climb 5 to 10 degrees in downtown Los Angeles and into the 90s in the valleys, according to the National Weather Service. “It’s definitely a warm period,” weather...

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