Author: nick
President Donald Trump’s Fed Chair nominee Kevin Warsh was confirmed Tuesday for a 14-year term on the Federal Reserve’s Board of Governors by a 51–45 Senate vote. The upper chamber is expected to vote Wednesday on confirming Warsh to a four-year term as chairman of the body. Subscribe Today Get daily emails in your inbox Current Fed Chair Jerome Powell’s four-year term expires Friday. Powell was nominated originally in 2018 by Trump and renominated in 2022 by President Joe Biden. Powell is expected to remain on the Board of Governors until he is satisfied that the administration does…
Photograph Source: DHSgov – Public Domain It’s been a tough couple of months for women officials in Washington — or, more accurately, in Trumpland. In early March (Women’s History Month, by the way), in a Truth Social post, the president fired Secretary of Homeland Security Kristi Noem, the second woman ever to hold that title. Weeks later, also in a social media post, he fired Attorney General Pam Bondi, the third woman ever to serve as head of the Department of Justice. While in the first year of his first presidency, Trump 1.0 had fired numerous officials, this time around, Bondi and…
Starmer Faces a Crisis of Legitimacy Source link
Two-thirds of Americans believe that President Donald Trump did not clearly explain his goals in the war with Iran, a poll released by Reuters and Ipsos on Monday shows. Reuters and Ipsos also found that two-thirds of Americans blame an increase in gas prices—caused by fighting in the oil-rich Persian Gulf—on the Republican Party. The poll is only the latest in a long line of polls showing that the American public did not want the war to start and did not like the way it unfolded. And the Trump administration clearly knows it. Trump started the war by surprise on…
Nehru’s pluralistic vision that has long held together one of the most diverse nations on earth is being dismantled by the steady march of Hindu majoritarianism, as reflected in India’s latest election results, writes Betwa Sharma. Nehru and Gandhi in 1937. (Unknown/Public Domain/Wikimedia Common) By Betwa Sharmain New DelhiSpecial to Consortium News India is one of the most diverse places on earth, with hundreds of ethnic groups and thousands of languages and dialects. To unify such a vast nation, Jawaharlal Nehru, the founding prime minister at independence in 1947, launched a secular, pluralistic vision that today is in grave danger. Nehru’s…
Starbucks is moving jobs from Washington state to Tennessee, and it isn’t alone in looking elsewhere. Source link
Is this really the best California Democrats can come up with? That question has hovered over this year’s gubernatorial race, in which the state’s voters will choose a replacement for term-limited Gavin Newsom. Source link
The Consumer Price Index report published Tuesday by the Bureau of Labor Statistics revealed 3.8 percent year-over-year (YOY) inflation for the month of April, the highest since May 2023, as energy costs rose 17.9 percent for the same period.The energy shock brought about by the war in Iran and Tehran’s closure of the Strait of Hormuz has pushed oil and gasoline prices higher. Since the beginning of the conflict, the national average for gasoline prices has risen from around $3.00 before the war began in late February to $4.50 Tuesday morning. Brent crude has risen 44.2 percent to $107. Consumer…
Ted Turner smoking a cigar – Public Domain Being very much the all-American figure that he was, the passing of Ted Turner was bound to enliven the cliché machine with the usual, clotty descriptions: the philanthropist, the conservationist, the yachtsman, sporting proprietor and twenty-four hour news pioneer. “He thought big and lived large,” observed Guardian US columnist Margaret Sullivan with irritating triteness. “He was the original,” added former CNN journalist Christiane Amanpour, barely an improvement. “He made us all strive for his vision of a better world.” No doubt the hagiographers will be kept busy with words of statuary on various aspects of his life in due course. One…
President Donald Trump said that the ceasefire to the Iran War, which entered its 35th day on Tuesday, was “on massive life support” and had only “a 1 percent chance of living.” The Monday comments in the Oval Office came after the U.S. rejected Iran’s latest proposal to end the conflict. Trump on Sunday posted on Truth Social that Iran’s terms are “TOTALLY UNACCEPTABLE!” Details of Iran’s latest proposal, submitted to mediators over the weekend, emerged on Monday morning. Iran’s current stated conditions to end the conflict, reported by the Iranian Tasnim News Agency, are the same conditions included in…