The U.S. Federal Reserve should consider more interest rate hikes of 75 basis points in upcoming meetings to reduce high inflation back to the central bank’s target, Fed Chair Michelle Bowman said on Saturday, according to Reuters. “I supported the Federal Open Market Committee’s (FOMC) decision last week to raise the federal funds rate by […]
Tag: USA
US: Shale oil companies not increasing production
US shale oil companies continue to show little sign of responding to high global prices with more output, only now it’s not just their focus on rewarding shareholders that’s holding them back, but also their preoccupation with cost overruns. As Bloomberg reports, combined oil and gas production forecasts from a dozen companies that reported second-quarter […]
Biden: We are working hard to free Greiner
US President Joe Biden said his administration is working hard to secure the release of imprisoned American basketball star Brittney Greiner from Russia and is optimistic. “I am optimistic. We are working hard,” he told reporters at the White House, while Moscow has said it is ready to discuss the prospect of a prisoner exchange. […]
Taking advantage of US ‘silence’, China is following Russia’s lead in weapons of mass destruction
Of Craig Hooper As the Biden administration prepares to unveil a sharply revised and more Russia-focused national security strategy in the coming weeks, it’s no secret that the process of shaping America’s national security strategy has stalled. America’s strategic challenges are multifaceted, the formulation process is bureaucratically painful, and by the time America’s new grand […]
‘Bell’ Summers at the FED – Risk of repeating a mistake of the 70s
Former Treasury Secretary Lawrence Summers said he is concerned that the slowdown in inflation in the next Fed data will lead the Federal Reserve to conclude that its policies are working, when in fact much more action is needed. “I’m concerned that we’re going to see some good news on non-core inflation,” Summers said on […]
Zakharov attacks Greece: Accuses Athens of ‘unfriendly actions’ for extradition of Russian programmer to US
The Russian Ministry of Foreign Affairs is speaking about a violation of the Vienna Convention on consular relations by Athens regarding the case of the extradition of the Russian programmer Alexander Vinik to the USA. The statement of the official representative of the Russian Ministry of Foreign Affairs Maria Zakharova, which was posted late yesterday […]
Zakharov’s attack on Greece: He attributes ‘unfriendly actions’ to Athens for the extradition of Mr. Bitcoin in USA
The Russian Ministry of Foreign Affairs is speaking about a violation of the Vienna Convention on consular relations by Athens regarding the case of the extradition of the Russian programmer Alexander Vinik to the USA. The statement of the official representative of the Russian Ministry of Foreign Affairs Maria Zakharova, which was posted late yesterday […]
USA: Man who threatened to kill Fauci sentenced to 37 months in prison
A West Virginia man who threatened to kill Dr. Anthony Fauci for his work as a top adviser to the US president during the Covid-19 pandemic has been sentenced to more than three years in prison. Thomas Patrick Connally Jr., 57, will serve 37 months in federal prison followed by three years of supervised release […]
John Kerry: By suspending bilateral climate talks, China is ‘punishing the world’
China, with its decision to suspend bilateral climate talks with the US, is not punishing Washington but the world, US special envoy for climate change John Kerry said on Friday. “No country should block progress on existential transnational issues because of bilateral differences,” said the former US secretary of state, who is now the Biden […]
Pelosi is gone, the damage remains
Of Costa Rapti What is the real America after all? The country whose leader just last week spoke for two and a half hours with his Chinese counterpart, clearly anxious to keep channels open? Or the country whose third-ranking statesman touched Beijing’s most sensitive “red line” just 24 hours later by visiting Taiwan? The country […]
