2 days ago
Russian ice hockey teams can compete in international tournaments again, the Court of Arbitration for Sport (CAS) ruled on Friday, meaning the men's side are set to be eligible for the World Championship in Germany in May 2027.
Under the ruling, Russia could also take part in the women's world championship in Canada in November 2027, as well as in junior world championships.
The court upheld an appeal by the Russian Ice Hockey Federation against the International Ice Hockey Federation (IIHF) and lifted, with immediate effect, its decision to exclude Russian teams from the 2026-2027 season.
Since the end of February 2022, Russia has been banned by the federation from all international tournaments and world championships because of its war against Ukraine.
But the International Olympic Committee lifted a ban on the Russian Olympic Committee in July, opening the door for Russian teams to gradually return to the sporting fold.
#court
Under the ruling, Russia could also take part in the women's world championship in Canada in November 2027, as well as in junior world championships.
The court upheld an appeal by the Russian Ice Hockey Federation against the International Ice Hockey Federation (IIHF) and lifted, with immediate effect, its decision to exclude Russian teams from the 2026-2027 season.
Since the end of February 2022, Russia has been banned by the federation from all international tournaments and world championships because of its war against Ukraine.
But the International Olympic Committee lifted a ban on the Russian Olympic Committee in July, opening the door for Russian teams to gradually return to the sporting fold.
#court
3 days ago
AUBURN — A sudden addition to Auburn basketball's staff appears unlikely, at least for the time being, as head coach Steven Pearl addressed the firing of general manager Brian Kloman following the Tigers' 80-68 win in an exhibition against Samford on Thursday, Oct. 29, at Neville Arena.
Auburn's coaching staff is taking a by-committee approach to general manager duties, Pearl said. He did not provide a timeline for an eventual general manager hire, nor did he expressly state the program would look for someone to fill that role.
"As a staff, (we will) just kind of go through some of the things that Brian (Kloman) was doing and try and divvy up some of those responsibilities, and collectively as a group, work through those things together," Pearl said.
Brett Whiteside, listed as Auburn's executive senior **** ociate athletics director, was name-dropped by Pearl as someone who is expected to help the program amid its general manager change. According to his staff biography, Whiteside "plays a key role in shaping the student-athlete experience through revenue-sharing operations, NIL strategy, education, and compliance."
The circumstance arises after Auburn fired Kloman on Monday, in the aftermath of international signee Mantas Rubstavicius voluntarily dismissing his eligibility lawsuit against the NCAA.
#general #manager #kloman #program
Auburn's coaching staff is taking a by-committee approach to general manager duties, Pearl said. He did not provide a timeline for an eventual general manager hire, nor did he expressly state the program would look for someone to fill that role.
"As a staff, (we will) just kind of go through some of the things that Brian (Kloman) was doing and try and divvy up some of those responsibilities, and collectively as a group, work through those things together," Pearl said.
Brett Whiteside, listed as Auburn's executive senior **** ociate athletics director, was name-dropped by Pearl as someone who is expected to help the program amid its general manager change. According to his staff biography, Whiteside "plays a key role in shaping the student-athlete experience through revenue-sharing operations, NIL strategy, education, and compliance."
The circumstance arises after Auburn fired Kloman on Monday, in the aftermath of international signee Mantas Rubstavicius voluntarily dismissing his eligibility lawsuit against the NCAA.
#general #manager #kloman #program
13 days ago
With less than two weeks left in the regular season for the New Jersey non-public schools (public schools end this week), it's safe to say nothing has been decided when it comes to the playoff seeds.
Remember, the non-public A and B playoffs in New Jersey are seeded by a committee, not power points/OSI magic. It's a small committee made up of representatives from across the state.
And I want to be clear about something else: This is how I think the seeding committee will do it. This isn't necessarily how I would do it. In years past, the committee has strongly favored head-to-head outcomes, not full resumes or tradition or injuries or anything like that. Once again, there is no written criteria. It's people in a room talking football at NJSIAA Headquarters in Robbinsville.
However, this year, the committee may have no choice but to look at a lot of other factors other than head-to-head. Why? Because the head-to-head results don't make sense.
Who do you seed where with Seton Hall Prep beating St. Joe's who beat St. Peter's who beat Seton Hall Prep? And by the way, Seton Hall Prep lost to Pope John.
#schools
Remember, the non-public A and B playoffs in New Jersey are seeded by a committee, not power points/OSI magic. It's a small committee made up of representatives from across the state.
And I want to be clear about something else: This is how I think the seeding committee will do it. This isn't necessarily how I would do it. In years past, the committee has strongly favored head-to-head outcomes, not full resumes or tradition or injuries or anything like that. Once again, there is no written criteria. It's people in a room talking football at NJSIAA Headquarters in Robbinsville.
However, this year, the committee may have no choice but to look at a lot of other factors other than head-to-head. Why? Because the head-to-head results don't make sense.
Who do you seed where with Seton Hall Prep beating St. Joe's who beat St. Peter's who beat Seton Hall Prep? And by the way, Seton Hall Prep lost to Pope John.
#schools
13 days ago
New York governor Kathy Hochul will today (Monday) launch an 88-person exploratory committee to report on the feasibility and challenges of a formal bid to host the Winter Olympic Games, according to people with knowledge of the announcement who spoke anonymously as they were not authorized to do so publicly.
The potential bid would see New York City and Lake Placid partner to host the 2042 edition.
Earlier this year, Gov. Hochul told The Athletic that "significant" meetings had taken place as she seeks to return the Winter Olympics to New York state for the first time since 1980, which is best remembered for the Miracle on Ice when the U.S. hockey team defeated the Soviet Union. Gov. Hochul, while announcing the committee today, will also announce a $2.5 million funding commitment to create a monument in Lake Placid in honor of the Miracle on Ice team.
The Lake Placid-New York City Olympic & Paralympic Winter Games Exploratory Committee will have an eight-strong leadership group, which will include Ashley Walden, the president and CEO of the Olympic Regional Development Authority, as well as representation from the offices of Senators Chuck Schumer and Kirsten Gillibrand (both Democrats), sources said. It will also include Julie Su, appointed deputy mayor for economic justice of New York City by mayor Zohran Mamdani, as well as Hope Knight, the president of Empire State Development, the New York state economic development arm.
There is a 16-member sub-committee on finance, which includes John Collins, co-owner and operating partner of the New York Islanders, and Josh Cohen, the son of New York Mets owner Steve Cohen, who works as the team's vice president of business development. Randy Levine, the owner of the New York Yankees, is one of 12 members of a legal sub-committee, which also includes Robert Landau, the executive vice-president of NBC Universal, the long-time broadcaster of the Olympics in the United States.
#city
The potential bid would see New York City and Lake Placid partner to host the 2042 edition.
Earlier this year, Gov. Hochul told The Athletic that "significant" meetings had taken place as she seeks to return the Winter Olympics to New York state for the first time since 1980, which is best remembered for the Miracle on Ice when the U.S. hockey team defeated the Soviet Union. Gov. Hochul, while announcing the committee today, will also announce a $2.5 million funding commitment to create a monument in Lake Placid in honor of the Miracle on Ice team.
The Lake Placid-New York City Olympic & Paralympic Winter Games Exploratory Committee will have an eight-strong leadership group, which will include Ashley Walden, the president and CEO of the Olympic Regional Development Authority, as well as representation from the offices of Senators Chuck Schumer and Kirsten Gillibrand (both Democrats), sources said. It will also include Julie Su, appointed deputy mayor for economic justice of New York City by mayor Zohran Mamdani, as well as Hope Knight, the president of Empire State Development, the New York state economic development arm.
There is a 16-member sub-committee on finance, which includes John Collins, co-owner and operating partner of the New York Islanders, and Josh Cohen, the son of New York Mets owner Steve Cohen, who works as the team's vice president of business development. Randy Levine, the owner of the New York Yankees, is one of 12 members of a legal sub-committee, which also includes Robert Landau, the executive vice-president of NBC Universal, the long-time broadcaster of the Olympics in the United States.
#city
13 days ago
Joe Mazzulla declares Payton Pritchard will be key to Jayson Tatum-led Celtics' success originally appeared on The Sporting News. Add The Sporting News as a Preferred Source by clicking here.
When you lose a key player in the offseason, the question remains: who fills that production hole? The Boston Celtics do not seem to worry about this conundrum at all. With Jaylen Brown gone, they have filled all the gaps by committee. Hugo Gonzalez and Baylor Scheierman get to play both ends with hustle. Paul George still has that fringe NBA All-Star quality and can shoot the lights out. However, Coach Joe Mazzulla is looking at a key player. It's none other than Payton Pritchard. The Celtics head coach has all the belief in their guard and even noted specific traits that will make him helpful to the squad led by Jayson Tatum.
For a long time, a few monoliths have described Payton Pritchard. He's been seen as the Celtics' offensive spark plug, or the guy you give the ball to in the clutch. Now, he will be up for bigger roles in Coach Joe Mazzulla's system due to the Jaylen Brown trade.
There are obviously a lot of doubts about Pritchard. Much of it stems from the fact that he's an undersized guard and the running belief that he could be a defensive liability. Coach Mazzulla does not think that way at all. In fact, the Celtics head honcho outlined what made their veteran guard special. Those same traits could also make a big difference on a team centered around Jayson Tatum, according to Jay King of The Athletic.
"He just plays with a chip on his shoulder, but doesn't have an ego. And I think that's a balance that's difficult for people to be able to have. Like, if you tell him he's starting, if you tell him he's coming off the bench, if you tell him he's playing 20 (minutes), if you tell him he's playing 30, the chip on his shoulder never changes. He doesn't need the affirmation to be an elite competitor. And so I think a coach that gives you the freedom to just do what makes the most sense at that particular time," the Celtics head coach declared.
#payton #tatum #guard
When you lose a key player in the offseason, the question remains: who fills that production hole? The Boston Celtics do not seem to worry about this conundrum at all. With Jaylen Brown gone, they have filled all the gaps by committee. Hugo Gonzalez and Baylor Scheierman get to play both ends with hustle. Paul George still has that fringe NBA All-Star quality and can shoot the lights out. However, Coach Joe Mazzulla is looking at a key player. It's none other than Payton Pritchard. The Celtics head coach has all the belief in their guard and even noted specific traits that will make him helpful to the squad led by Jayson Tatum.
For a long time, a few monoliths have described Payton Pritchard. He's been seen as the Celtics' offensive spark plug, or the guy you give the ball to in the clutch. Now, he will be up for bigger roles in Coach Joe Mazzulla's system due to the Jaylen Brown trade.
There are obviously a lot of doubts about Pritchard. Much of it stems from the fact that he's an undersized guard and the running belief that he could be a defensive liability. Coach Mazzulla does not think that way at all. In fact, the Celtics head honcho outlined what made their veteran guard special. Those same traits could also make a big difference on a team centered around Jayson Tatum, according to Jay King of The Athletic.
"He just plays with a chip on his shoulder, but doesn't have an ego. And I think that's a balance that's difficult for people to be able to have. Like, if you tell him he's starting, if you tell him he's coming off the bench, if you tell him he's playing 20 (minutes), if you tell him he's playing 30, the chip on his shoulder never changes. He doesn't need the affirmation to be an elite competitor. And so I think a coach that gives you the freedom to just do what makes the most sense at that particular time," the Celtics head coach declared.
#payton #tatum #guard
13 days ago
Former Detroit Red Wings defenseman Robert Hagg has been suspended in Sweden after sucker-punching an opponent during a game.
Hagg, who plays for Brynas, was handed a three-game sit-down by the Swedish Ice Hockey ****** ociation's Disciplinary Committee after punching Olivier Nadeau of Vaxjo in the back of the head during a goalmouth scuffle in Saturday's game. Hagg was also fined 20,500 Swedish Kronor, about $2,000.
Beslut från Svenska Ishockeyförbundets Disciplinnämnd – Robert Hägg.
🔗 https://t.co/A7saMM5zAG
Hanteringen av ärendet har skett enligt de rutiner som gäller för disciplinärenden under säsongen.
— SHL.se (SHLse) October 18, 2026
"Nadeau cannot defend himself," the report states. It goes on to describe the blow as a "sucker punch."
#game
Hagg, who plays for Brynas, was handed a three-game sit-down by the Swedish Ice Hockey ****** ociation's Disciplinary Committee after punching Olivier Nadeau of Vaxjo in the back of the head during a goalmouth scuffle in Saturday's game. Hagg was also fined 20,500 Swedish Kronor, about $2,000.
Beslut från Svenska Ishockeyförbundets Disciplinnämnd – Robert Hägg.
🔗 https://t.co/A7saMM5zAG
Hanteringen av ärendet har skett enligt de rutiner som gäller för disciplinärenden under säsongen.
— SHL.se (SHLse) October 18, 2026
"Nadeau cannot defend himself," the report states. It goes on to describe the blow as a "sucker punch."
#game
13 days ago
All of a sudden, that 24-team College Football Playoff format might be front and center for an SEC dreaming of getting five, six, ten of its members into the postseason tournament.
Yes, the CFP is supposed to use a new metric – which is really a twist on what it already utilizes – that gives more respect to the strengths of schedules. That's supposed to boost the SEC – give, say, 2025 Texas credit for losing at Ohio State, even though it went 9-3 – but there are two issues with that, at least when it comes to what we're projecting below.
First, the College Football Playoff always falls back on record ranking. If there's a debate in the Grapevine meeting room – it's nice; the food is tremendous – 10-2 is a lot easier to sell than 9-3, which is why we haven't seen Power Four programs with three pre-conference championship losses leapfrog those with two or fewer.
And second, even though the upsets are coming – last Saturday probably wasn't an outlier – there's no way, no how, no chance the committee will put in a 9-3 power conference team in over an 11-1 Power Four program.
That's where the SEC comes in. A few weeks ago, it looked like the conference would own the CFP. And then Florida started losing. So did LSU, Mississippi State, Missouri, Oklahoma, and Texas. Now, as we're doing this just past the midway point in the season, there are just four SEC teams left – Georgia, Kentucky, Ole Miss, Tennessee – with fewer than two losses, and all of them have one.
So how many SEC teams will make the College Football Playoff? Our best guess is three, and it'll take a shoehorn to make that happen. (By the way, we're still bullish on Kentucky, but we're predicting a few close losses over the next few weeks.)
– Why the 24-Team CFP Probably Won't Suck
Oct 17, 2026; Bloomington, Indiana, USA; Ohio State Buckeyes quarterback Julian Sayin (10) walks off the field with his arm in a sling after the game against the Indiana Hoosiers Merchants Bank Field at Memorial Stadium. Mandatory Credit: Robert Goddin-Imagn Images
Projected Final Record: 13-0
Remaining Games: at App State, Troy, at Southern Miss, at UConn, Coastal Carolina
This will likely be a big debate if Boise State keeps on rolling and goes 12-1 with a Pac-12 **** le, with its only loss coming to Oregon in the season opener. James Madison won't have any Power Four wins – last year's team didn't either – but if it's 13-0, it'll be tough to leave out.
Projected Final Record: 9-3
Remaining Games: at Auburn, Alabama, Texas, at Tennessee, at Arkansas
Here's where the strength of schedule emphasis kicks in. The call is that the committee would rank a three-loss LSU over a Big 12 or ACC team – it's my favorite CFP line, because I swear I've seen a little box behind glass that the committee goes to when it's in a pinch that says – … because it's Alabama.
There's still one more LSU loss coming somewhere – like, at Tennessee – but Alabama is everything in the brief history of the College Fo
Yes, the CFP is supposed to use a new metric – which is really a twist on what it already utilizes – that gives more respect to the strengths of schedules. That's supposed to boost the SEC – give, say, 2025 Texas credit for losing at Ohio State, even though it went 9-3 – but there are two issues with that, at least when it comes to what we're projecting below.
First, the College Football Playoff always falls back on record ranking. If there's a debate in the Grapevine meeting room – it's nice; the food is tremendous – 10-2 is a lot easier to sell than 9-3, which is why we haven't seen Power Four programs with three pre-conference championship losses leapfrog those with two or fewer.
And second, even though the upsets are coming – last Saturday probably wasn't an outlier – there's no way, no how, no chance the committee will put in a 9-3 power conference team in over an 11-1 Power Four program.
That's where the SEC comes in. A few weeks ago, it looked like the conference would own the CFP. And then Florida started losing. So did LSU, Mississippi State, Missouri, Oklahoma, and Texas. Now, as we're doing this just past the midway point in the season, there are just four SEC teams left – Georgia, Kentucky, Ole Miss, Tennessee – with fewer than two losses, and all of them have one.
So how many SEC teams will make the College Football Playoff? Our best guess is three, and it'll take a shoehorn to make that happen. (By the way, we're still bullish on Kentucky, but we're predicting a few close losses over the next few weeks.)
– Why the 24-Team CFP Probably Won't Suck
Oct 17, 2026; Bloomington, Indiana, USA; Ohio State Buckeyes quarterback Julian Sayin (10) walks off the field with his arm in a sling after the game against the Indiana Hoosiers Merchants Bank Field at Memorial Stadium. Mandatory Credit: Robert Goddin-Imagn Images
Projected Final Record: 13-0
Remaining Games: at App State, Troy, at Southern Miss, at UConn, Coastal Carolina
This will likely be a big debate if Boise State keeps on rolling and goes 12-1 with a Pac-12 **** le, with its only loss coming to Oregon in the season opener. James Madison won't have any Power Four wins – last year's team didn't either – but if it's 13-0, it'll be tough to leave out.
Projected Final Record: 9-3
Remaining Games: at Auburn, Alabama, Texas, at Tennessee, at Arkansas
Here's where the strength of schedule emphasis kicks in. The call is that the committee would rank a three-loss LSU over a Big 12 or ACC team – it's my favorite CFP line, because I swear I've seen a little box behind glass that the committee goes to when it's in a pinch that says – … because it's Alabama.
There's still one more LSU loss coming somewhere – like, at Tennessee – but Alabama is everything in the brief history of the College Fo
24 days ago
This has been a history-packed year for Wall Street. The Dow Jones Industrial Average (DJINDICES:^DJI), S&P 500 (SNPINDEX:^GSPC), and Nasdaq Composite (NASDAQINDEX:^IXIC) have all catapulted to several new highs, and Fed Chair Kevin Warsh was sworn in as only the 17th head of the Fed on May 22.
But the most game-changing event of them all might be Warsh and the Federal Open Market Committee (FOMC) kicking off only the fourth interest rate-hiking cycle of the 21st century on Sept. 16. Fed Chair Warsh and 11 other FOMC colleagues voted unanimously (12-0) to raise the federal funds target rate by 25 basis points to 3.75%-4.00%.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Kevin Warsh and the FOMC just shifted to a rate-hiking cycle. Image source: Official Federal Reserve Photo.
President Donald Trump hasn't been shy about voicing his displeasure with the FOMC's stance on interest rates. But in Warsh's comments to the press following the Sept. 15-16 FOMC meeting, he indirectly fired back at Donald Trump's ongoing interest rate critiques.
#rate #sept
But the most game-changing event of them all might be Warsh and the Federal Open Market Committee (FOMC) kicking off only the fourth interest rate-hiking cycle of the 21st century on Sept. 16. Fed Chair Warsh and 11 other FOMC colleagues voted unanimously (12-0) to raise the federal funds target rate by 25 basis points to 3.75%-4.00%.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Kevin Warsh and the FOMC just shifted to a rate-hiking cycle. Image source: Official Federal Reserve Photo.
President Donald Trump hasn't been shy about voicing his displeasure with the FOMC's stance on interest rates. But in Warsh's comments to the press following the Sept. 15-16 FOMC meeting, he indirectly fired back at Donald Trump's ongoing interest rate critiques.
#rate #sept
24 days ago
Roger Clemens is not in the National Baseball Hall of Fame but he will receive the Presidential Medal of Freedom, President Donald Trump announced Wednesday.
Clemens introduced Trump at a rally in San Antonio on Wednesday, with Trump dropping the announcement as the former pitcher stood nearby. During the announcement, Trump said he had played golf with Clemens earlier this year, which prompted him to call MLB commissioner Rob Manfred about his Hall of Fame case:
"We had a great time, he's an amazing guy. I said, 'I'm going to call the commissioner of baseball.' It's a ridiculous thing that you're not in the Hall of Fame with that kind of record. He won seven Cy Youngs!"
It's worth noting the MLB commissioner has no power over who gets into the Hall of Fame. That is determined first by voters from the Baseball Writers ******* ociation of America (BBWAA), then a committee of voters determined by the Hall of Fame itself.
Trump did successfully intervene on the part of the late Pete Rose last year, pushing Manfred to remove the league's all-time hits leader from the ineligible list. Clemens is not on that list, nor will Rose reach the Hall of Fame without a successful vote.
#Trump
Clemens introduced Trump at a rally in San Antonio on Wednesday, with Trump dropping the announcement as the former pitcher stood nearby. During the announcement, Trump said he had played golf with Clemens earlier this year, which prompted him to call MLB commissioner Rob Manfred about his Hall of Fame case:
"We had a great time, he's an amazing guy. I said, 'I'm going to call the commissioner of baseball.' It's a ridiculous thing that you're not in the Hall of Fame with that kind of record. He won seven Cy Youngs!"
It's worth noting the MLB commissioner has no power over who gets into the Hall of Fame. That is determined first by voters from the Baseball Writers ******* ociation of America (BBWAA), then a committee of voters determined by the Hall of Fame itself.
Trump did successfully intervene on the part of the late Pete Rose last year, pushing Manfred to remove the league's all-time hits leader from the ineligible list. Clemens is not on that list, nor will Rose reach the Hall of Fame without a successful vote.
#Trump
25 days ago
Minutes from the Federal Reserve's September policy meeting reflect unanimous agreement among officials that interest rates needed to be higher to combat persistent inflation.
"Participants generally emphasized that inflation remained elevated while the labor market appeared to be near full employment, with some signs of strengthening, and that economic activity was expanding at a solid pace. Furthermore, almost all participants ****** sed that, while inflation risks were tilted to the upside, risks to the labor market had diminished and were now broadly balanced," minutes from the Sept. 16 meeting released Wednesday stated.
"Based on the outlook and the changing balance of risks, all participants viewed a higher target range for the federal funds rate as appropriate."
The Fed voted unanimously on Sept. 16 to raise rates, the first hike in three years. And at the time, most Federal Open Market Committee members saw a need for at least one more 25 basis point rate hike this year.
Markets were banking on a hike and expecting more to come.
#federal #hike #rates
"Participants generally emphasized that inflation remained elevated while the labor market appeared to be near full employment, with some signs of strengthening, and that economic activity was expanding at a solid pace. Furthermore, almost all participants ****** sed that, while inflation risks were tilted to the upside, risks to the labor market had diminished and were now broadly balanced," minutes from the Sept. 16 meeting released Wednesday stated.
"Based on the outlook and the changing balance of risks, all participants viewed a higher target range for the federal funds rate as appropriate."
The Fed voted unanimously on Sept. 16 to raise rates, the first hike in three years. And at the time, most Federal Open Market Committee members saw a need for at least one more 25 basis point rate hike this year.
Markets were banking on a hike and expecting more to come.
#federal #hike #rates
25 days ago
WASHINGTON (AP) — Most Federal Reserve officials expect that another interest rate increase will likely be needed this year to combat inflation, according to minutes released Wednesday from the central bank's most recent meeting.
The officials unanimously agreed that inflation was still elevated and had not made much progress toward their 2% target in recent months, the minutes said. The Fed increased its key interest rate at the Sept. 15-16 meeting by a quarter-point to about 3.9%, its first increase in three years.
The increase defied President Donald Trump's repeated calls for the Fed to cut rates and prompted the president to criticize the Fed's rate-setting committee, though he still expressed support for Chairman Kevin Warsh, whom he appointed earlier this year. The rate increase comes as Americans are already struggling with high costs for groceries, gas and housing, and as affordability has taken on a leading role in the upcoming midterm elections, just seven weeks away.
Longer-term interest rates for mortgages and other borrowing have also jumped in the past few months for a range of reasons, including rising government debt, heavy borrowing by tech firms to finance data center construction, climbing oil and gas prices, and signs that growth and inflation remain elevated. The Fed's rate hike has likely played only a limited role in the increase.
Still, key policymakers have said since the meeting that the Fed can take some time to monitor the economy and the impact of last month's rate hike before making another move. Wall Street investors now forecast the Fed will keep its rate unchanged at its next meeting Oct. 28-29, according to futures pricing, and raise it when they meet in December.
#officials
The officials unanimously agreed that inflation was still elevated and had not made much progress toward their 2% target in recent months, the minutes said. The Fed increased its key interest rate at the Sept. 15-16 meeting by a quarter-point to about 3.9%, its first increase in three years.
The increase defied President Donald Trump's repeated calls for the Fed to cut rates and prompted the president to criticize the Fed's rate-setting committee, though he still expressed support for Chairman Kevin Warsh, whom he appointed earlier this year. The rate increase comes as Americans are already struggling with high costs for groceries, gas and housing, and as affordability has taken on a leading role in the upcoming midterm elections, just seven weeks away.
Longer-term interest rates for mortgages and other borrowing have also jumped in the past few months for a range of reasons, including rising government debt, heavy borrowing by tech firms to finance data center construction, climbing oil and gas prices, and signs that growth and inflation remain elevated. The Fed's rate hike has likely played only a limited role in the increase.
Still, key policymakers have said since the meeting that the Fed can take some time to monitor the economy and the impact of last month's rate hike before making another move. Wall Street investors now forecast the Fed will keep its rate unchanged at its next meeting Oct. 28-29, according to futures pricing, and raise it when they meet in December.
#officials
25 days ago
A key gauge of where the market thinks rates are headed is the CME FedWatch survey, which polls interest rate traders. In the days leading up to the September Federal Open Market Committee (FOMC) meeting, almost 60% of those polled expected a 25-basis-point rate hike, which the FOMC delivered on Sept. 16.
While most, 78%, expect rates to stay the same at the Oct. 28 Fed meeting, an overwhelming majority of traders anticipate a rate hike when the FOMC meets on Dec. 9. Specifically, 67% expect a 25-basis-point increase, and 17% say rates will be 50 basis points higher by then.
Missed AI's "Act 1"? Act 2 Could Be 14x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our **** ysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
They may be taking cues from FOMC members themselves, like Fed Governor Michael Barr. In a speech on Sept. 29 in Detroit, Barr said eight words that gave a decent clue as to what he is thinking about rates.
"Further policy adjustments are likely to be needed," Barr said in Detroit last week, "to ensure inflation comes down to target in a timely fashion."
#missed
While most, 78%, expect rates to stay the same at the Oct. 28 Fed meeting, an overwhelming majority of traders anticipate a rate hike when the FOMC meets on Dec. 9. Specifically, 67% expect a 25-basis-point increase, and 17% say rates will be 50 basis points higher by then.
Missed AI's "Act 1"? Act 2 Could Be 14x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our **** ysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
They may be taking cues from FOMC members themselves, like Fed Governor Michael Barr. In a speech on Sept. 29 in Detroit, Barr said eight words that gave a decent clue as to what he is thinking about rates.
"Further policy adjustments are likely to be needed," Barr said in Detroit last week, "to ensure inflation comes down to target in a timely fashion."
#missed
25 days ago
Republican Sen. Susan Collins and Democratic challenger Troy Jackson debated for the first time Tuesday in Maine, trading attacks over President Donald Trump, the cost of living and abortion in one of the most closely watched Senate races in the country.
Maine is central to Democrats’ path to the Senate majority as they try to capitalize on Trump’s unpopularity. Jackson tried to do just that Tuesday by tying Collins to Trump, name-checking him at least 20 times in one hour of debating on WGME-TV.
“It matters who you stand with,” Jackson said in his opening statement. “I don’t owe Donald Trump and the billionaires anything. I don’t fight for billionaires like she does.”
Collins, meanwhile, emphasized multiple instances when she opposed the Trump administration.
She also sought to localize the race and pitch her seniority — and her perch as chair of the powerful Senate Appropriations Committee — as a boost to Maine. She touted $1.5 billion in federal funds that she has brought home to the state for 672 projects in the last five years, “from Madawaksa to Kittery, from Eastport to Rumford.”
#maine #tuesday #donald #susan
Maine is central to Democrats’ path to the Senate majority as they try to capitalize on Trump’s unpopularity. Jackson tried to do just that Tuesday by tying Collins to Trump, name-checking him at least 20 times in one hour of debating on WGME-TV.
“It matters who you stand with,” Jackson said in his opening statement. “I don’t owe Donald Trump and the billionaires anything. I don’t fight for billionaires like she does.”
Collins, meanwhile, emphasized multiple instances when she opposed the Trump administration.
She also sought to localize the race and pitch her seniority — and her perch as chair of the powerful Senate Appropriations Committee — as a boost to Maine. She touted $1.5 billion in federal funds that she has brought home to the state for 672 projects in the last five years, “from Madawaksa to Kittery, from Eastport to Rumford.”
#maine #tuesday #donald #susan
26 days ago
STOCKHOLM (AP) — Belgian-born scientist Francis Halzen won the ***** el Prize in physics Tuesday for his efforts to demystify a rare group of neutrinos, tiny cosmic particles that researchers believe offer clues to how the universe evolved.
"It was a great surprise, and I obviously didn't expect it," Halzen said, speaking to the ***** el Physics Committee by phone from Italy, in a call broadcast at the news conference to announce the winner.
Halzen said it was predicted that he would win the prize, but the announcement still made him feel "strange."
"I am working on a proposal, and I hope that this prize will help getting it approved," he said to chuckles from the audience.
Neutrinos are tiny cosmic particles with no electrical charge and extraordinarily small mass, making them difficult to detect. Yet they are everywhere: They spew from stars like the sun, and trillions zip through our bodies every second.
#neutrinos
"It was a great surprise, and I obviously didn't expect it," Halzen said, speaking to the ***** el Physics Committee by phone from Italy, in a call broadcast at the news conference to announce the winner.
Halzen said it was predicted that he would win the prize, but the announcement still made him feel "strange."
"I am working on a proposal, and I hope that this prize will help getting it approved," he said to chuckles from the audience.
Neutrinos are tiny cosmic particles with no electrical charge and extraordinarily small mass, making them difficult to detect. Yet they are everywhere: They spew from stars like the sun, and trillions zip through our bodies every second.
#neutrinos
26 days ago
Usha Vance experienced a terrifying moment on October 5 when she stepped off a helicopter at Joint Base Andrews in Maryland.
The Second Lady nearly stumbled down the aircraft's metal steps while carrying her baby boy, Alec, who was securely strapped to her chest in a carrier.
The scary incident unfolded as Usha — who was accompanied by her family — prepared to board a flight to Alaska where the Vice President, JD Vance will speak at a Republican National Committee rally in support of Senator Dan Sullivan.
Usha suffered a close-call
She was juggling her two-month-old infant alongside a large bag when she appeared to lose her footing near the bottom of the staircase.
#andrews
The Second Lady nearly stumbled down the aircraft's metal steps while carrying her baby boy, Alec, who was securely strapped to her chest in a carrier.
The scary incident unfolded as Usha — who was accompanied by her family — prepared to board a flight to Alaska where the Vice President, JD Vance will speak at a Republican National Committee rally in support of Senator Dan Sullivan.
Usha suffered a close-call
She was juggling her two-month-old infant alongside a large bag when she appeared to lose her footing near the bottom of the staircase.
#andrews
26 days ago
Second Lady Usha Vance's scary moment exiting a helicopter with her newborn has sparked a heated debate online. Fans raised concerns about the incident and questioned why no one stepped in to help.
Second Lady Usha Vance nearly stumbled while exiting the Marine Two helicopter at Joint Base Andrews in Maryland on Monday, Oct. 5, PEOPLE reported. She had 10-week-old son Alec Neel Vance strapped to her chest in a baby carrier. Vance also carried a large leather diaper bag as she descended the aircraft's staircase.
She grabbed the railing after missing a step and quickly regained her balance. She then turned back toward the helicopter's entrance to reassure those nearby. According to lip reader Nicola Hickling, Usha told nearby officers, "I'm okay, and he's fine… thank you" (via The Mirror).
Vice President JD Vance followed her down the stairs moments later. He carried their four-year-old daughter, Mirabel, and did not appear to notice the incident. The family traveled to Anchorage, Alaska, for a Republican National Committee rally supporting Senator Dan Sullivan's reelection campaign.
The video quickly went viral on X (formerly Twitter), sparking safety concerns and criticism. One user questioned why no one intervened, writing, "Did ******* ody notice that Usha Vance is carrying a 9-week-old baby and a huge leather diaper bag, and she nearly FALLS down the stairs of Marine 2? The Air Force officers didn't move to help her, and her husband barely even acknowledges her."
#exiting #concerns #questioned
Second Lady Usha Vance nearly stumbled while exiting the Marine Two helicopter at Joint Base Andrews in Maryland on Monday, Oct. 5, PEOPLE reported. She had 10-week-old son Alec Neel Vance strapped to her chest in a baby carrier. Vance also carried a large leather diaper bag as she descended the aircraft's staircase.
She grabbed the railing after missing a step and quickly regained her balance. She then turned back toward the helicopter's entrance to reassure those nearby. According to lip reader Nicola Hickling, Usha told nearby officers, "I'm okay, and he's fine… thank you" (via The Mirror).
Vice President JD Vance followed her down the stairs moments later. He carried their four-year-old daughter, Mirabel, and did not appear to notice the incident. The family traveled to Anchorage, Alaska, for a Republican National Committee rally supporting Senator Dan Sullivan's reelection campaign.
The video quickly went viral on X (formerly Twitter), sparking safety concerns and criticism. One user questioned why no one intervened, writing, "Did ******* ody notice that Usha Vance is carrying a 9-week-old baby and a huge leather diaper bag, and she nearly FALLS down the stairs of Marine 2? The Air Force officers didn't move to help her, and her husband barely even acknowledges her."
#exiting #concerns #questioned
26 days ago
It's been a year of historic change on Wall Street. We've witnessed the Oracle of Omaha, Warren Buffett, retire as CEO of Berkshire Hathaway (NYSE:BRKA)(NYSE:BRKB), stood in awe at the largest-ever initial public offering, and watched the Dow Jones Industrial Average (DJINDICES:^DJI), S&P 500 (SNPINDEX:^GSPC), and Nasdaq Composite (NASDAQINDEX:^IXIC) launch to several record highs.
But the biggest change of all has been the swearing in of a new Fed chair. On May 22, President Donald Trump's handpicked successor to Jerome Powell, Kevin Warsh, became only the 17th head of the central bank.
Missed AI's "Act 1"? Act 2 Could Be 14x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our **** ysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
Image source: Official White House Photo by Daniel Torok.
President Trump expected Warsh to guide the Federal Open Market Committee (FOMC) to lower interest rates, but in September, the exact opposite occurred: the FOMC kicked off only its fourth rate-hiking cycle of the 21st century. Now, Donald Trump is throwing his new Fed chair, along with the FOMC, under the bus over interest rates.
#only #NYSE #president #warsh
But the biggest change of all has been the swearing in of a new Fed chair. On May 22, President Donald Trump's handpicked successor to Jerome Powell, Kevin Warsh, became only the 17th head of the central bank.
Missed AI's "Act 1"? Act 2 Could Be 14x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our **** ysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
Image source: Official White House Photo by Daniel Torok.
President Trump expected Warsh to guide the Federal Open Market Committee (FOMC) to lower interest rates, but in September, the exact opposite occurred: the FOMC kicked off only its fourth rate-hiking cycle of the 21st century. Now, Donald Trump is throwing his new Fed chair, along with the FOMC, under the bus over interest rates.
#only #NYSE #president #warsh
26 days ago
Warren Buffett stepped down from his role as the chief executive officer of Berkshire Hathaway (NYSE: BRKA)(NYSE: BRKB) at the end of 2025. During his 60-year tenure, he grew the company into a $1 trillion conglomerate with multiple wholly owned subsidiaries, a $350 billion stock portfolio, and over $350 billion in cash.
Had an investor purchased $500 worth of Berkshire shares when Buffett took the helm in 1965, thatr person would have been sitting on a whopping $24 million by the time Buffett stepped down. However, Buffett was a full-time professional investor, so he always knew the average person would struggle to replicate his results. That's why he regularly advocated for exchange-traded funds (ETF) that track a diversified index like the S&P 500 (SNPINDEX: ^GSPC).
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
In his 2013 annual letter to shareholders (published in February 2014), Buffett specifically recommended the Vanguard S&P 500 ETF (NYSEMKT: VOO) because of its exceptionally low fees. While young investors in their 20s and 30s can afford to take more risks, those in their 40s who want to achieve financial security heading into retirement might want to heed Buffett's advice. Here's why I'd buy the Vanguard ETF if I were in that age group.
The S&P 500 is made up of 500 American companies from 11 different sectors of the economy. It has a very strict entry criteria, requiring its members to maintain a market capitalization of at least $22.7 billion, and they must also generate positive earnings. But even after meeting those conditions, a special committee still has the final say over which companies make the cut.
#NVIDIA #signal #flashing
Had an investor purchased $500 worth of Berkshire shares when Buffett took the helm in 1965, thatr person would have been sitting on a whopping $24 million by the time Buffett stepped down. However, Buffett was a full-time professional investor, so he always knew the average person would struggle to replicate his results. That's why he regularly advocated for exchange-traded funds (ETF) that track a diversified index like the S&P 500 (SNPINDEX: ^GSPC).
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
In his 2013 annual letter to shareholders (published in February 2014), Buffett specifically recommended the Vanguard S&P 500 ETF (NYSEMKT: VOO) because of its exceptionally low fees. While young investors in their 20s and 30s can afford to take more risks, those in their 40s who want to achieve financial security heading into retirement might want to heed Buffett's advice. Here's why I'd buy the Vanguard ETF if I were in that age group.
The S&P 500 is made up of 500 American companies from 11 different sectors of the economy. It has a very strict entry criteria, requiring its members to maintain a market capitalization of at least $22.7 billion, and they must also generate positive earnings. But even after meeting those conditions, a special committee still has the final say over which companies make the cut.
#NVIDIA #signal #flashing
27 days ago
Usha Vance nearly stumbled while holding her infant son, Alec, in a baby carrier as she exited a helicopter on Monday, Oct. 5
The second lady quickly regained her footing and soothed her son before Vice President JD Vance and their daughter, Mirabel, joined her
The Vance family traveled to Anchorage, Alaska, for a Republican National Committee rally
Usha Vance nearly stumbled while exiting a helicopter at Joint Base Andrews in Prince George's County, Maryland on Monday, Oct. 5.
The second lady had 10-week-old infant Alec Neel Vance strapped to her chest in a baby carrier at the time, according to USA Today. Usha, 40, and Vice President JD Vance share four children, including baby boy Alec, 9-year-old son Ewan, 6-year-old son Vivek, and 4-year-old daughter Mirabel.
#usha #alec #year
The second lady quickly regained her footing and soothed her son before Vice President JD Vance and their daughter, Mirabel, joined her
The Vance family traveled to Anchorage, Alaska, for a Republican National Committee rally
Usha Vance nearly stumbled while exiting a helicopter at Joint Base Andrews in Prince George's County, Maryland on Monday, Oct. 5.
The second lady had 10-week-old infant Alec Neel Vance strapped to her chest in a baby carrier at the time, according to USA Today. Usha, 40, and Vice President JD Vance share four children, including baby boy Alec, 9-year-old son Ewan, 6-year-old son Vivek, and 4-year-old daughter Mirabel.
#usha #alec #year
28 days ago
Democratic House members are writing bills to rein in a president’s emergency powers. Lawyers are strategizing about how to insulate the Justice Department from presidential influence. A House measure would block a president from unilaterally remodeling the White House. Ethicists are writing rules to prevent a future first family from self-dealing.
Throughout Washington and beyond, President Donald Trump’s opponents are scrambling to ensure that after he leaves office, the changes he has imposed on the presidency, and the country, will fade with him.
Whether they succeed could determine whether Trump’s aggressive exercise of executive powers will be limited to a finite stretch of U.S. history or will instead become a model for every president to come.
Rep. Jamie Raskin (Maryland), the top Democrat on the House Judiciary Committee, said that Trump’s uses of presidential power can and must be reversed — but doing so will take decades.
“We have a massive reconstruction task ahead of us,” Raskin said in an interview. “Fortunately, reconstruction has a great history in our country, and when it’s allowed to work, it has been a lot more successful than either authoritarianism or revolution. … We will have to go department by department, subject by subject, and public purpose by public purpose to determine what we salvage and what we re-create.”
#House #president #country
Throughout Washington and beyond, President Donald Trump’s opponents are scrambling to ensure that after he leaves office, the changes he has imposed on the presidency, and the country, will fade with him.
Whether they succeed could determine whether Trump’s aggressive exercise of executive powers will be limited to a finite stretch of U.S. history or will instead become a model for every president to come.
Rep. Jamie Raskin (Maryland), the top Democrat on the House Judiciary Committee, said that Trump’s uses of presidential power can and must be reversed — but doing so will take decades.
“We have a massive reconstruction task ahead of us,” Raskin said in an interview. “Fortunately, reconstruction has a great history in our country, and when it’s allowed to work, it has been a lot more successful than either authoritarianism or revolution. … We will have to go department by department, subject by subject, and public purpose by public purpose to determine what we salvage and what we re-create.”
#House #president #country
29 days ago
Prince Harry and Meghan Markle's security dispute is in the news again after two men were spotted near the new school their children, Prince Archie and Princess Lilibet, are enrolled in.
The two men, said to be European paparazzi, were described by the Sussexes' spokesperson as exhibiting "extraordinarily reckless" behavior and compared it to the recent security incident at RAF Fairford.
As Prince Harry and Meghan's request for taxpayer-funded police protection is pending RAVEC review, a royal author has branded the way they have handled the recent paparazzi story a "cynical strategy."
Steven Bergman/AFF-USA.COM / MEGA
Royal author Robert Jobson believes that the way Harry and Meghan have publicly discussed their security incidents could make it hard for the Royal and VIP Executive Committee (RAVEC) to leave their security arrangements as is.
#harry #royal #meghan
The two men, said to be European paparazzi, were described by the Sussexes' spokesperson as exhibiting "extraordinarily reckless" behavior and compared it to the recent security incident at RAF Fairford.
As Prince Harry and Meghan's request for taxpayer-funded police protection is pending RAVEC review, a royal author has branded the way they have handled the recent paparazzi story a "cynical strategy."
Steven Bergman/AFF-USA.COM / MEGA
Royal author Robert Jobson believes that the way Harry and Meghan have publicly discussed their security incidents could make it hard for the Royal and VIP Executive Committee (RAVEC) to leave their security arrangements as is.
#harry #royal #meghan
29 days ago
President Donald Trump on Saturday pressured Republican Sen. Tom Cotton of Arkansas to support a bill to make daylight saving time permanent, urging Americans to call what appeared to be the personal cellphone number of Cotton, the chairman of the Senate Intelligence Committee.
The Sunshine Protection Act passed the House in July, but it faces roadblocks in the Senate where some Republicans are strongly opposed. Proponents, including the White House, argue that the change would provide more daylight during the times that Americans are most active. Detractors said permanent daylight saving time would lead to darker and potentially more hazardous winter mornings when children will be waiting for school buses and parents will be driving to work in darkness.
It was a remarkable escalation on Trump's part of a longstanding fixation shared by both men — with Trump supporting making daylight saving time permanent, and Cotton vociferously opposed — at a time just weeks before the midterms, when Republicans would prefer that the president focus on talking about affordability issues and the party's achievements. Cotton is also up for reelection this November, although that race is not expected to be competitive.
Daylight saving time is that period between spring and fall when clocks in most parts of the United States are set one hour ahead of standard time. Not all states observe it — and under the bill, states can opt out of the change if their respective legislatures act to do so before the bill's enactment.
"It's a lot of work for a lot of people, running around for two days, changing all the clocks in the house," Trump told reporters as his left the White House on Saturday for a rally in Vandalia, Ohio. "It discombobulates everybody," he said.
#House #Trump #saving #states
The Sunshine Protection Act passed the House in July, but it faces roadblocks in the Senate where some Republicans are strongly opposed. Proponents, including the White House, argue that the change would provide more daylight during the times that Americans are most active. Detractors said permanent daylight saving time would lead to darker and potentially more hazardous winter mornings when children will be waiting for school buses and parents will be driving to work in darkness.
It was a remarkable escalation on Trump's part of a longstanding fixation shared by both men — with Trump supporting making daylight saving time permanent, and Cotton vociferously opposed — at a time just weeks before the midterms, when Republicans would prefer that the president focus on talking about affordability issues and the party's achievements. Cotton is also up for reelection this November, although that race is not expected to be competitive.
Daylight saving time is that period between spring and fall when clocks in most parts of the United States are set one hour ahead of standard time. Not all states observe it — and under the bill, states can opt out of the change if their respective legislatures act to do so before the bill's enactment.
"It's a lot of work for a lot of people, running around for two days, changing all the clocks in the house," Trump told reporters as his left the White House on Saturday for a rally in Vandalia, Ohio. "It discombobulates everybody," he said.
#House #Trump #saving #states
29 days ago
The Trump administration is airing campaign-style television ads using money Congress approved for border security upgrades, efforts to combat drug trafficking and memorials for officers killed in the line of duty, according to federal spending records.
Democrats say the ads break multiple federal laws by using taxpayer money for political purposes that Congress never authorized. The White House defends the ads as public service announcements.
One of the spots closely resembles a 30-second video produced by the Trump campaign in 2024. The latest ad features President Donald Trump and Defense Secretary Pete Hegseth advocating for the Iran war. They feature disclosures saying they are “Paid for by the U.S. Government.”
On Sept. 19, a few days before the ads began airing, the White House Office of Management and Budget added $20 million to a Department of Homeland Security budget line designated for “commemorative events,” according to publicly disclosed OMB data. Congress approved the spending for those events in Trump’s 2025 domestic spending package, known as the One Big Beautiful Bill, and intended it for “Line-of-Duty death memorials, Department or agency anniversaries, and commendation ceremonies,” according to a House budget committee report.
The next day, Sept. 20, DHS awarded a $20 million contract for a “national media campaign” to the LMD Agency, a Maryland-based public relations and media firm that had previously worked for the department. The company did not respond to requests for comment.
#Trump
Democrats say the ads break multiple federal laws by using taxpayer money for political purposes that Congress never authorized. The White House defends the ads as public service announcements.
One of the spots closely resembles a 30-second video produced by the Trump campaign in 2024. The latest ad features President Donald Trump and Defense Secretary Pete Hegseth advocating for the Iran war. They feature disclosures saying they are “Paid for by the U.S. Government.”
On Sept. 19, a few days before the ads began airing, the White House Office of Management and Budget added $20 million to a Department of Homeland Security budget line designated for “commemorative events,” according to publicly disclosed OMB data. Congress approved the spending for those events in Trump’s 2025 domestic spending package, known as the One Big Beautiful Bill, and intended it for “Line-of-Duty death memorials, Department or agency anniversaries, and commendation ceremonies,” according to a House budget committee report.
The next day, Sept. 20, DHS awarded a $20 million contract for a “national media campaign” to the LMD Agency, a Maryland-based public relations and media firm that had previously worked for the department. The company did not respond to requests for comment.
#Trump
1 month ago
Prince Harry virtually addressed the NATO Military Committee this week
The Duke of Sussex shared that he felt he'd lost part of his "purpose and identity" after leaving the military, helping inspire him to start the Invictus Games
"We are building a global movement that can turn the experience of wounded, injured and sick service personnel and their families into stronger communities, better systems and more resilient nations"
Prince Harry virtually addressed the NATO Military Committee this week, speaking about his experience in serving and how it helped inspire him to start the Invictus Games.
Speaking via videoconference to the committee's headquarters in Brussels, the Duke of Sussex, 42, opened his remarks by thanking them for welcoming him back after a previous video appearance in October 2024.
#military #games #speaking
The Duke of Sussex shared that he felt he'd lost part of his "purpose and identity" after leaving the military, helping inspire him to start the Invictus Games
"We are building a global movement that can turn the experience of wounded, injured and sick service personnel and their families into stronger communities, better systems and more resilient nations"
Prince Harry virtually addressed the NATO Military Committee this week, speaking about his experience in serving and how it helped inspire him to start the Invictus Games.
Speaking via videoconference to the committee's headquarters in Brussels, the Duke of Sussex, 42, opened his remarks by thanking them for welcoming him back after a previous video appearance in October 2024.
#military #games #speaking
1 month ago
Former special counsel Jack Smith fielded insults from Republicans and questions about his prosecutorial decisions as he sat before lawmakers on the Senate Judiciary Committee on Tuesday.
Chair Chuck Grassley (R-Iowa) has been a leading voice in scrutinizing Smith’s twin probes into President Trump, obtaining and releasing reams of documents about the investigations while criticizing his decision to subpoena some lawmakers’ call logs.
Smith defended his work, saying Trump faced criminal charges related to the Mar-a-Lago classified documents case and the case tied to the president’s role in the Jan. 6, 2021, attack on the U.S. Capitol as a result of his own illegal conduct. He added that he would have brought charges against any president who committed such crimes.
Sen. Cory Booker (D-N.J.), meanwhile, accused the GOP of “gaslighting” the American public about how damaging the Jan. 6 attack was to democracy.
But Smith largely served as a punching bag for the committee’s Republicans.
#president #lawmakers #documents #case
Chair Chuck Grassley (R-Iowa) has been a leading voice in scrutinizing Smith’s twin probes into President Trump, obtaining and releasing reams of documents about the investigations while criticizing his decision to subpoena some lawmakers’ call logs.
Smith defended his work, saying Trump faced criminal charges related to the Mar-a-Lago classified documents case and the case tied to the president’s role in the Jan. 6, 2021, attack on the U.S. Capitol as a result of his own illegal conduct. He added that he would have brought charges against any president who committed such crimes.
Sen. Cory Booker (D-N.J.), meanwhile, accused the GOP of “gaslighting” the American public about how damaging the Jan. 6 attack was to democracy.
But Smith largely served as a punching bag for the committee’s Republicans.
#president #lawmakers #documents #case
1 month ago
WASHINGTON (AP) — The Department of Homeland Security has tapped $20 million to pay for the campaign-style ads glorifying President Donald Trump that have drawn widespread criticism from Republicans and Democrats as a blatant misuse of taxpayer dollars that likely runs afoul of anti-propaganda law.
In a letter Tuesday to Homeland Security Secretary Markwayne Mullin, two top Democratic senators said that the money is being drawn from Trump's so-called "One Big Beautiful Bill" and was supposed to go for U.S. Customs and Border Protection.
"We should not have to remind you that using government funding to create or air political ads like the ones that have been running over the last few days is illegal and a shockingly corrupt misuse of taxpayer dollars," wrote Sen. Patty Murray of Washington, the top Democrat on the Senate Appropriations Committee, and Sen. Chris Murphy of Connecticut, the ranking Democrat on the subcommittee that handles Homeland Security funding.
The senators demanded answers within the next 48 hours about "how this president is literally stealing their tax dollars to air campaign ads celebrating himself."
They asked the secretary if the department plans to use additional federal funds to air these ads or create new ones, and if so to share contracting information with Congress. They also asked Mullin if he had spoken to Trump about using the taxpayer funds for the ads.
#democrat
In a letter Tuesday to Homeland Security Secretary Markwayne Mullin, two top Democratic senators said that the money is being drawn from Trump's so-called "One Big Beautiful Bill" and was supposed to go for U.S. Customs and Border Protection.
"We should not have to remind you that using government funding to create or air political ads like the ones that have been running over the last few days is illegal and a shockingly corrupt misuse of taxpayer dollars," wrote Sen. Patty Murray of Washington, the top Democrat on the Senate Appropriations Committee, and Sen. Chris Murphy of Connecticut, the ranking Democrat on the subcommittee that handles Homeland Security funding.
The senators demanded answers within the next 48 hours about "how this president is literally stealing their tax dollars to air campaign ads celebrating himself."
They asked the secretary if the department plans to use additional federal funds to air these ads or create new ones, and if so to share contracting information with Congress. They also asked Mullin if he had spoken to Trump about using the taxpayer funds for the ads.
#democrat
1 month ago
In the end, Kevin Warsh's Federal Reserve acquitted itself well. For all the uncertainty he had sparked at the previous meeting of the Federal Open Market Committee, when he refused to provide any indication of what he was prepared to do to tame stubborn inflation, the chair on Wednesday presided over a unanimous decision to raise interest rates for the first time in three years.
"Today's action starts to show that we're serious about this," he said at the press conference after the meeting, with "this" meaning inflation in excess of the Fed's 2% target for over five years. Welcome though it was, his embrace of economic orthodoxy nonetheless did little to dispel the Keystone Cops quality of governance in Donald Trump's US.
Warsh's resolve – raising rates just a few weeks before elections that will determine whether Republicans retain control of Congress – appeared even more resolute in the face of a veiled threat from White House economic adviser Kevin Hassett, who pointed out to his chums on Fox that "if you want an independent Fed, then one thing the Fed does is it stays out of the way of elections".
The central bankers' parsimonious comments in the press conference following the meeting made a sharp contrast with the more unhinged commentary from other members of the administration, including the president himself, who earlier this month celebrated the resilience of the labor market with a mind-boggling threat to "STOP TRADING WITH COUNTRIES WITH WHICH WE HAVE A DEFICIT" unless the Fed cut interest rates.
Trump has yet to turn on Warsh in the way he did on his predecessor, Jerome "numbskull" Powell. But the signs are ominous. After the rate hike, Trump went ballistic – spewing more of the random, incoherent thoughts that have become his trademark. "Interest Rates in the United States should be 1%, or less, because we are the Best Credit in the World," he wrote on social media, despite recalcitrant inflation and a budget deficit that is likely to exceed $2tn this year. He again demanded the powers that be to "LOWER THE INTEREST RATES FOR THE UNITED STATES OF AMERICA, AND FAST!"
#rates #federal #states
"Today's action starts to show that we're serious about this," he said at the press conference after the meeting, with "this" meaning inflation in excess of the Fed's 2% target for over five years. Welcome though it was, his embrace of economic orthodoxy nonetheless did little to dispel the Keystone Cops quality of governance in Donald Trump's US.
Warsh's resolve – raising rates just a few weeks before elections that will determine whether Republicans retain control of Congress – appeared even more resolute in the face of a veiled threat from White House economic adviser Kevin Hassett, who pointed out to his chums on Fox that "if you want an independent Fed, then one thing the Fed does is it stays out of the way of elections".
The central bankers' parsimonious comments in the press conference following the meeting made a sharp contrast with the more unhinged commentary from other members of the administration, including the president himself, who earlier this month celebrated the resilience of the labor market with a mind-boggling threat to "STOP TRADING WITH COUNTRIES WITH WHICH WE HAVE A DEFICIT" unless the Fed cut interest rates.
Trump has yet to turn on Warsh in the way he did on his predecessor, Jerome "numbskull" Powell. But the signs are ominous. After the rate hike, Trump went ballistic – spewing more of the random, incoherent thoughts that have become his trademark. "Interest Rates in the United States should be 1%, or less, because we are the Best Credit in the World," he wrote on social media, despite recalcitrant inflation and a budget deficit that is likely to exceed $2tn this year. He again demanded the powers that be to "LOWER THE INTEREST RATES FOR THE UNITED STATES OF AMERICA, AND FAST!"
#rates #federal #states
1 month ago
What is the total reported cost of the Iran war?
Which U.S. military branch incurred the highest war costs?
Why did Rep. Thomas Massie introduce impeachment against Hegseth?
Full Summary
WASHINGTON – The war in Iran has cost the U.S. military $43.6 billion as of Sept. 3, according to an update shared with congressional national security committees by U.S. Central Command.
#cost #summary
Which U.S. military branch incurred the highest war costs?
Why did Rep. Thomas Massie introduce impeachment against Hegseth?
Full Summary
WASHINGTON – The war in Iran has cost the U.S. military $43.6 billion as of Sept. 3, according to an update shared with congressional national security committees by U.S. Central Command.
#cost #summary
1 month ago
Kansas City Federal Reserve president Jeff Schmid said Friday that he supported the central bank's decision to raise interest rates this week and suggested that more rate hikes could be warranted, a view that was echoed by the rest of the central bank and Fed Chairman Kevin Warsh.
"The Fed has work to do on inflation, and this week's action was a step in that direction," Schmid said in a speech in Vail, Colo.
Read more: How the Fed rate decision affects your bank accounts, loans, credit cards, and investments
The Federal Open Market Committee voted on Wednesday in a unanimous decision to raise its benchmark interest rate to the range of 3.75% to 4% from 3.5% to 3.75%, the first rate hike since July 2023
Schmid noted that inflation has run above the central bank's 2% target for over five years, and the most recent price readings suggest a pace trending above 3%. Inflation has jumped this year as oil and overall energy prices have leapt higher amid the conflict with Iran. Even when stripping out energy and food prices, so-called "core" inflation has also been sticky.
#interest
"The Fed has work to do on inflation, and this week's action was a step in that direction," Schmid said in a speech in Vail, Colo.
Read more: How the Fed rate decision affects your bank accounts, loans, credit cards, and investments
The Federal Open Market Committee voted on Wednesday in a unanimous decision to raise its benchmark interest rate to the range of 3.75% to 4% from 3.5% to 3.75%, the first rate hike since July 2023
Schmid noted that inflation has run above the central bank's 2% target for over five years, and the most recent price readings suggest a pace trending above 3%. Inflation has jumped this year as oil and overall energy prices have leapt higher amid the conflict with Iran. Even when stripping out energy and food prices, so-called "core" inflation has also been sticky.
#interest
1 month ago
The big day that seemingly everyone had circled on their calendar for weeks, Sept. 16, lived up to the hype.
On Wednesday, Sept. 16, Fed Chair Kevin Warsh and the 11 other voting members of the Federal Open Market Committee (FOMC) raised the federal funds target rate by 25 basis points to a new range of 3.75%-4.00%. The first interest rate hike since July 2023 wasn't well-received by Wall Street, with the time-tested Dow Jones Industrial Average (DJINDICES:^DJI) tumbling more than 1%, and the broad-based S&P 500 (SNPINDEX:^GSPC) and innovation-powered Nasdaq Composite (NASDAQINDEX:^IXIC) edging lower.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
While Warsh's and the FOMC's actions are bound to raise questions and incite worry on Wall Street, nearly 36 years of history make clear what comes next for stocks.
Fed Chair Kevin Warsh and the FOMC just kicked off the first rate-hiking cycle in three years. Image source: Official Federal Reserve Photo.
#years #sept #chair
On Wednesday, Sept. 16, Fed Chair Kevin Warsh and the 11 other voting members of the Federal Open Market Committee (FOMC) raised the federal funds target rate by 25 basis points to a new range of 3.75%-4.00%. The first interest rate hike since July 2023 wasn't well-received by Wall Street, with the time-tested Dow Jones Industrial Average (DJINDICES:^DJI) tumbling more than 1%, and the broad-based S&P 500 (SNPINDEX:^GSPC) and innovation-powered Nasdaq Composite (NASDAQINDEX:^IXIC) edging lower.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
While Warsh's and the FOMC's actions are bound to raise questions and incite worry on Wall Street, nearly 36 years of history make clear what comes next for stocks.
Fed Chair Kevin Warsh and the FOMC just kicked off the first rate-hiking cycle in three years. Image source: Official Federal Reserve Photo.
#years #sept #chair
