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Federal Reserve Chairman Jerome Powell hammered home the Fed’s 2-percent inflation target on Friday amid speculation that the bank could tolerate a higher annual inflation rate in the post-pandemic economy. “It is the Fed’s job to bring inflation down to our 2 percent goal and we will do so,” he said at a gathering of…
This is a tale of two men with the same last name: Ramaswamy. One of those two men, Vivek Ramaswamy, a biotech entrepreneur, was introduced to a large national audience on the evening of Aug. 23, 2023. The occasion? The first televised debate of eight candidates seeking the nomination of the Republican Party for the…
Maui County is suing its local power utility, alleging the company negligently failed to turn off its power lines, exacerbating the deadly wildfires that ravaged the island and killed at least 100 people. The lawsuit filed on Thursday claims that the Hawaiian Electric Company should have known “to properly maintain and repair the electric transmission…
When the Biden administration announced a breakthrough in its long-running diplomatic dalliance with Iran earlier this month, it predictably touched off a firestorm of controversy. The new White House deal involves the unfreezing of $6 billion of previously-escrowed Iranian oil revenue held in South Korea in exchange for Iran’s release from prison of five wrongfully detained American…
Many of the world’s corporations may be responsible for climate damages far greater than their annual profits, a new study has found. For the biggest polluters worldwide — the fossil fuel-dependent power industry — that means potential legal liabilities around seven times their annual profits, four economists from leading universities wrote on Thursday in Science. “The average corporate carbon…
Sen. Tommy Tuberville (R-Ala.) said he recognized the “look” on Donald Trump’s face in the former president’s recently released mugshot during an interview on Newsmax on Thursday, according to NBC. “I’ve seen President Trump with that look a couple times playing golf with him when he’s missed a putt or I’m beating him in a…
Former President Trump said he had a “terrible experience” while being booked at the Fulton County jail Thursday night, surrendering after being charged on 13 counts related to seeking to overturn the 2020 election. Trump, in separate interviews with Fox News Digital and Newsmax just a short time after his arrest, described the process as…
A United States District Judge on Thursday dismissed portions of a lawsuit brought against West Virginia by a manufacturer of a generic version of the abortion drug mifepristone over the state’s restrictions on the medication. GenBioPro sued the state’s attorney general in January, claiming the abortion ban and other restrictions have caused it “significant, ongoing economic…
Former President Trump is en route to Atlanta where he is expected to surrender following an indictment by a Georgia grand jury. He faces 13 criminal counts stemming from his efforts to overturn the 2020 election in the state. Trump will not enter a plea at this time. Fulton County District Attorney Fani Willis (D)…
Wild monkeys have been spotted in Orange City, Fla., sparking warnings from local officials to stay away from the on-the-loose primates. Orange City police warned residents not to feed a wild rhesus monkey seen in the town, about 30 miles north of Orlando. The monkeys can cause outbreaks of E. coli and herpes and devastate…