Its preference for a 75 basis point (0.75%) increase in the base rate against 50 bp. on behalf of the US Federal Central Bank, Federal Reserve, expressed the president of the St. Louis Fed branch, James Bullard. The member of the Federal Open Market Committee (FOMC), which makes decisions on the path of interest rates, […]
Tag: USA
US-Russia ‘quiet diplomacy’ for prisoner swap
The Russian Foreign Ministry announced today that it is engaging in “quiet diplomacy” with the United States over a possible prisoner exchange involving American basketball star Brittney Greiner. Greiner was sentenced in Russia on August 4 to nine years in prison on drug trafficking charges. US President Joe Biden had described the sentencing decision as […]
US: Home resales fall 6% month-over-month in July
Existing home sales in July were down nearly 6% from the previous month and plunged about 20% from the same period last year. In particular, home sales fell to a seasonally adjusted annual rate of 4.81 million units, falling to their lowest level since November 2015, excluding a brief dip at the start of the […]
US: Existing home sales fall 5.9% in July, their biggest decline since February
The Existing home sales in the United States fell 5.9% in the month of July, accelerating the 5.5% decline seen in June (downward revised from -5.4%). This is the sixth consecutive month of decreases for the indicator, which registers its biggest drop since February. Year over year, retail sales fell 20.2% Altogether, the sales number […]
US finds large increase in arms trade to Haiti and Caribbean
US authorities are seeing a sharp increase in arms smuggling to Haiti and the wider Caribbean, US officials said Wednesday, vowing to step up efforts to combat the trade, which is fueling a surge in gang violence in the West’s poorest country. hemisphere and the increase in crime in the region. Washington’s announcement came against […]
Formal US/Taiwan trade deal talks to begin in fall
The governments of the United States and Taiwan are set to begin formal negotiations in the fall for a bilateral trade and investment agreement, the US Trade Representative (USTR) announced Wednesday, amid a serious escalation of tensions with China. The talks are part of an initiative that was only announced in June and already led […]
USA: Second execution of death row inmate in Texas in 2022
A death row inmate for the 2006 murder of a real estate agent was executed in Texas on Wednesday, authorities said, the second execution of a death row inmate in the large southern state this year. Kosul Chadakuman, 41, was convicted of the 2006 stabbing death of Sarah Walker, 40, inside a model home. Despite […]
Menendez on additional supply of Russian S-400s to Turkey: Clear violation of US sanctions
Senator Robert Menendez expressed his strong disapproval of the possibility of Turkey acquiring additional arrays of the Russian S-400 anti-missile system. The reaction of the chairman of the Senate Foreign Relations Committee comes in the wake of the publication of the Russian news agency TASS which claims that Turkey is preparing to sign a new […]
Why did Trump steal classified documents?
Toy Timothy L. O’Brien We now know that the reason the FBI searched Donald Trump’s Palm Beach residence last week is because the 45th president is under investigation for possessing classified documents related to nuclear weapons and possibly violating the Espionage Act. He also may have lied to federal officials about the documents and obstructed […]
Putin showed that food can be the ultimate ‘weapon’ in the 21st century
By Hal Brands The administration of US President Joe Biden is reportedly reviewing the National Security Strategy, which the White House is required to send to Congress annually, to take into account the lessons of the war in Ukraine. One issue that this paper should consider is food. The war in Ukraine has brought the […]
