Why the 1980s recession haunts the Fed
The ghost of the early 1980s recession is haunting the Federal Reserve. With inflation still near 40-year highs and the U.S. economy slowing, the Fed’s aggressive rate hikes have fueled concerns of a central bank-induced recession akin to the one triggered by former Fed Chairman Paul Volcker during the 1980s. While Volcker’s rate shock ended two decades of rising inflation, it did so at the cost of a severe recession. Fed Chairman
Read MoreUnabashed Jill Biden is Philadelphia Eagles fan-in-chief
For the first time in years, there's an occupant in the White House who has hometown bragging rights on the line in next week’s Super Bowl between the Kansas City Chiefs and the Philadelphia Eagles. And it’s not President Biden. First lady Jill Biden is a die-hard Eagles fan, which means she’s unabashed and insufferable (an understatement some might say) about her team and their 16-3 season. Their win over the San Francisco 49ers during the NFC Championship game last week led them to the Super Bowl, their second visit in five years. Now, just
Read MoreWhat we know about Chinese balloon sightings during Trump presidency
The U.S. military shot down a suspected Chinese surveillance balloon on Saturday off the coast of South Carolina after it floated for days through U.S. airspace. Republicans have blasted Biden for the delay in taking down the balloon, however reports have emerged that at least three similar “spy” aircraft were spotted over the U.S. during former President Trump's time in office. Fox News also reported Sunday that another balloon crashed off the coast of Hawaii late last year. Here’s what we know about the past sightings: Three sightings dur
Read MoreDeSantis wants a 'core curriculum.' That idea is college kryptonite.
Ron DeSantis, Florida’s governor and a potential Republican presidential prospect, says he wants to mandate a “core curriculum” in public universities as a way to ensure young Floridians are grounded in Western civilization. To the nation’s higher education leaders, that idea is political kryptonite. Proponents of the core curriculum say every student should emerge from college with a core of human knowledge: not necessarily Shakespeare and Dante per se, but some sense of civilization’s greatest books and finest ideas. But college
Read MoreTrump, Christie exchange fire after gloomy 2024 prediction
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