Joe Brusuelas, RSM Chief Economist and Sarah House, Wells Fargo Senior Economist, joins Yahoo Finance Live to discuss inflation concerns and economic outlook amid FOMC decisions.
Joe Brusuelas, RSM Chief Economist and Sarah House, Wells Fargo Senior Economist, joins Yahoo Finance Live to discuss inflation concerns and economic outlook amid FOMC decisions.
‘Long overdue update’ shows increasing impact of changing climate on Americans’ daily lives
CDC relaxes mask guidelines. An active-duty Marine Corps officer was charged in the Capitol attack. It's Thursday's news.
The husband of former Los Angeles County District Attorney Jackie Lacey will avoid jail time, a judge ruled Thursday, and instead enter a diversion program after pointing a gun at Black Lives Matter members who demonstrated outside the couple’s home last year, according to the Los Angeles Times. David Lacey, 67, faced three misdemeanor charges of assault with a firearm in the March 2, 2020, incident, which occurred the day before his wife faced a contentious primary race.
The Biden administration has been courting Senator Joe Manchin’s vote to realise its legislative agenda
After Colonial Pipeline Co. was hacked, posts argued the same could have happened to voting machines in 2020. This comparison is misleading.
Locked out Metropolitan Opera stagehands protested the use of nonunion shops to construct sets for the company's upcoming season, attracting a crowd of roughly 1,000 people outside Lincoln Center for the Performing Arts Thursday. The stagehands’ contract expired last July 31, and that union was locked out Dec. 8. James J. Claffey, Jr., president of Local One of the International Alliance of Theatrical Stage Employees (IATSE), accused the Met of “using the pandemic for unreasonable and draconian cuts damaging to our families.”
The House Speaker says the ethics committee should review the incident
The Biden administration vowed Thursday to stand by Australia in its worsening trade and other disputes with China. Secretary of State Antony Blinken told his Australian counterpart that the U.S. “will not leave Australia alone on the field — or maybe I should say ‘alone on the pitch’ — in the face of economic coercion by China.” Like the United States and China, Australia and China are in the midst of several major disputes as Beijing seeks to apply pressure over commerce and influence.
‘If the governor tried that before a judge he’d get laughed out of court’
The shutdown of the pipeline sparked panic in the southeastern U.S., with residents lining up at gas pumps for hours over fears of a fuel shortage.
Mayor fires health chief over disposal of remains decades after 1985 Move bombing, which killed 11 Relatives and supporters of Move conduct an anniversary march one year after the bombing. Photograph: Bettmann/Bettmann Archive The public outcry over the handling of human remains retrieved from the ashes of the deadly 1985 bombing of a Black liberation organization in Philadelphia dramatically escalated on Thursday, with the revelation that the bones of an undisclosed number of Move victims were incinerated and dumped by the city without the knowledge or permission of living relatives. In a bombshell disclosure, the mayor of Philadelphia, Jim Kenney, announced that he had fired the city’s health commissioner, Thomas Farley. The mayor said that Farley had told him earlier this week that several years ago he had become aware that remains of victims of the Move bombing – in which 11 people died – were still in the possession of the city’s medical examiner’s office. Instead of attempting to identify the bones and return them to the families of the deceased, Farley said “he made a decision to cremate and dispose of them”. Kenney said in a statement he had asked the health commissioner to resign. “This action lacked empathy for the victims, their family, and the deep pain that the Move bombing has brought to our city for nearly four decades.” The city’s medical examiner, Sam Gulino, was also placed on administrative leave pending an investigation. In a bitter twist of history, the disclosure of the exceptionally cavalier manner in which Philadelphia dealt with the human remains of its own citizens, which it had itself killed in one of the worst atrocities in America’s long history of state-inflicted racial violence, fell on the 36th anniversary of the bombing. On 13 May 1985, the city flew a police helicopter over the headquarters of Move, a Black liberation and back-to-nature group which still exists in the West Philadelphia area. A bomb containing C-4 plastic explosives was dropped from the helicopter on to the roof of the Move house, sparking an inferno that was allowed to burn for an hour before firefighters were called. In addition to the 11 Move members who died, more than 60 houses were razed in the almost entirely Black neighborhood. Thursday’s admission that remains of some of the victims were unceremoniously dumped comes on top of the discovery last month that the bones of two of the five children who died in the inferno had been held for almost four decades in the anthropology collection of the University of Pennsylvania. The children are believed to be Tree Africa, who was 14 when she was killed, and Delisha Africa, 12. The girls’ parents were unaware that their children’s remains had been kept by the university as anthropological artifacts rather than buried. The bones were used as a “case study” in an online forensic anthropology course posted last month by a Penn professor working in conjunction with Princeton University. Mike Africa Jr, a Move member who lost two close relatives in the 1985 disaster, was so stunned by the latest grim disclosure that he was rendered almost speechless. When the Guardian asked for his response to Thursday’s news, he replied: “I’m not sure I have a response. They took the remains of my family and they incinerated them – the only thing I can say at this point is that people have to be held accountable.” Africa added that whatever the city authorities had been doing over these past many years “has to come to a screeching halt. They need to stop this crime they have been committing of covering up their behavior and destroying evidence of what they’ve done.” In his official statement, Kenney said that he had become aware of the “very disturbing incident” earlier this week but had withheld making an announcement until members of Move could be informed. The mayor said that he had met with Move members on Thursday and apologized “for the way this situation was handled, and for how the City has treated them for the last five decades”. The mayor has announced an outside investigation, led by the global law firm Dechert LLP, into how the city handled human remains from the 1985 bombing. Relatives of the victims will be able to nominate individuals to participate in the inquiry. The statement said: “I cannot imagine that it means much, but I also offer a formal apology to the Africa family and members of the Movement on behalf of the City of Philadelphia, not just for this disgraceful incident, but also for how administration after administration has failed to atone for the heinous act on May 13, 1985, and continues to dishonor the victims. I am profoundly sorry for the incredible pain, harm, and loss caused by that horrific day.”
Harvey Mason jr., can drop the interim from his title: He's now the official president and CEO of The Recording Academy. Mason, a successful Grammy-nominated producer who has worked with Beyoncé, Chris Brown and Toni Braxton, has been the interim leader at the academy since January 2020. Mason is the first Black president and CEO of the academy.
Reptiles removed under statewide program to limit numbers
Mortgage rates declined this week, marking their fourth consecutive week below 3% and further evidence of the strength in the economy’s recovery from the pandemic recession. Mortgage buyer Freddie Mac reported Thursday that the average for the benchmark 30-year home-loan rate eased to 2.94% from 2.96% last week. The rate for a 15-year loan, popular among those seeking to refinance, slipped to 2.26% from 2.30% last week.
US diplomats, spies and defence officials have reported serious symptoms, some within the past few weeks A US flag flies at the embassy in Cuba, where cases of Havana syndrome were first reported. Photograph: Desmond Boylan/AP There have been more than 130 incidents of unexplained brain injury known as Havana syndrome among US diplomats, spies and defence officials, some of them within the past few weeks, it has been reported. The New York Times said three CIA officers have reported serious symptoms since December, following overseas assignments, requiring outpatient treatment at the Walter Reed military hospital in Washington. One episode was within the past two weeks. The reported number of cases is about 70 more than had previously been acknowledged. Mark Zaid, who represents some former officials afflicted by Havana syndrome, said he had been contacted by more people who believe they have been affected. “The numbers are definitely increasing,” he said. US officials confirmed that there continued to be fresh cases under review but cautioned that the publicity given to previous Havana syndrome cases had led some people to reinterpret symptoms they were suffering and wonder whether they may have been victims of some form of attack they had not previously suspected. So the number of new cases did not necessarily reflect the number of new incidents. In December, the National Academy of Sciences published a report saying that the brain injuries suffered by US government employees in Cuba and China were most likely the result of some form of directed energy. Cheryl Rofer, a former chemist at the Los Alamos National Laboratory has questioned the study’s conclusions, and the claim by victims and some experts that some kind of microwave weapon developed by an adversary is responsible for Havana syndrome. “The evidence for microwave effects of the type categorized as Havana syndrome is exceedingly weak,” Rofer wrote in Foreign Policy. “No proponent of the idea has outlined how the weapon would actually work. No evidence has been offered that such a weapon has been developed by any nation. Extraordinary claims require extraordinary evidence, and no evidence has been offered to support the existence of this mystery weapon.”
Director Joss Whedon's Canadian wife could be deported because he's gone by the name "Joss" for so long, instead of his legal birth name "Joseph," The Toronto Sun reports. Whedon married Heather Horton in February, and is required to provide his birth certificate to prove his U.S. citizenship for her green card process. But Whedon has been using his nickname, "Joss," on his documents for "decades," including on his driver's license and his passport, meaning he can't get a copy of his birth certificate, where his name is still "Joseph," very easily. Additionally, Whedon's birth certificate is full of errors, like an incorrect maiden name for his mother and his birthplace being listed as "Santa Monica, New York" — a place that doesn't even exist. Read more at Page Six and The Toronto Sun. More stories from theweek.comGeorge P. Bush applauds Liz Cheney's ouster, claims she doesn't 'stand up for conservative Republican ideology'The Republican theory of unemployment is classic MarxThe problem with Ohio's $1 million vaccine lottery
El Salvador's president sent 34,000 doses of coronavirus vaccine to seven towns in Honduras on Thursday, responding to video pleas from their mayors posted to social media. The small-scale diplomacy by President Nayib Bukele raised eyebrows in El Salvador and Honduras, but most people agreed that ultimately it would benefit a population in desperate need of vaccine. El Salvador has been more successful than neighboring Honduras and Guatemala in obtaining vaccine, though all lag in vaccinating their people.
Just about every indicator of drought is flashing red across the western U.S. after a dry winter and warm early spring. The snowpack is at less than half of normal in much of the region. Reservoirs are being drawn down, river levels are dropping and soils are drying out. It’s only May, and states are already considering water use restrictions to make the supply last longer. California’s governor declared a drought emergency in 41 of 58 counties. In Utah, irrigation water providers are increasing fines for overuse. Some Idaho ranchers are talking about selling off livestock because rivers and reservoirs they rely on are dangerously low and irrigation demand for farms is only just beginning. Scientists are also closely watching the impact that the rapid warming and drying is having on trees, worried that water stress could lead to widespread tree deaths. Dead and drying vegetation means more fuel for what is already expected to be another dangerous fire season. U.S. Interior Secretary Deb Haaland and Agriculture Secretary Tom Vilsack told reporters on May 13, 2021, that federal fire officials had warned them to prepare for an extremely active fire year. “We used to call it fire season, but wildland fires now extend throughout the entire year, burning hotter and growing more catastrophic in drier conditions due to climate change,” Vilsack said. As climate scientists, we track these changes. Right now, about 84% of the western U.S. is under some level of drought, and there is no sign of relief. The U.S. Drought Monitor for mid-May shows nearly half of the West in severe or extreme drought. National Drought Mitigation Center/USDA/NOAA The many faces of drought Several types of drought are converging in the West this year, and all are at or near record levels. When too little rain and snow falls, it’s known as meteorological drought. In April, precipitation across large parts of the West was less than 10% of normal, and the lack of rain continued into May. Rivers, lakes, streams and groundwater can get into what’s known as hydrological drought when their water levels fall. Many states are now warning about low streamflow after a winter with less-than-normal snowfall and warm spring temperatures in early 2021 speeding up melting. The U.S. Bureau of Reclamation said Lake Mead, a giant Colorado River reservoir that provides water for millions of people, is on pace to fall to levels in June that could trigger the first federal water shortage declaration, with water use restrictions across the region. Dwindling soil moisture leads to another problem, known as agricultural drought. The average soil moisture levels in the western U.S. in April were at or near their lowest levels in over 120 years of observations. Four signs of drought. Climate Toolbox These factors can all drive ecosystems beyond their thresholds – into a condition called ecological drought – and the results can be dangerous and costly. Fish hatcheries in Northern California have started trucking their salmon to the Pacific Ocean, rather than releasing them into rivers, because the river water is expected to be at historic low levels and too warm for young salmon to tolerate. Snow drought One of the West’s biggest water problems this year is the low snowpack. The western U.S. is critically dependent on winter snow slowly melting in the mountains and providing a steady supply of water during the dry summer months. But the amount of water in snowpack is on the decline here and across much of the world as global temperatures rise. Several states are already seeing how that can play out. Federal scientists in Utah warned in early May that more water from the snowpack is sinking into the dry ground where it fell this year, rather than running off to supply streams and rivers. With the state’s snowpack at 52% of normal, streamflows are expected to be well below normal through the summer, with some places at less than 20%. Snowpack is typically measured by the amount of water it holds, known as snow water equivalent. National Resource Conservation Service Anthropogenic drought It’s important to understand that drought today isn’t only about nature. More people are moving into the U.S. West, increasing demand for water and irrigated farmland. And global warming – driven by human activities like the burning of fossil fuels – is now fueling more widespread and intense droughts in the region. These two factors act as additional straws pulling water from an already scarce resource. As demand for water has increased, the West is pumping out more groundwater for irrigation and other needs. Centuries-old groundwater reserves in aquifers can provide resilience against droughts if they are used sustainably. But groundwater reserves recharge slowly, and the West is seeing a decline in those resources, mostly because water use for agriculture outpaces their recharge. Water levels in some wells have dropped at a rate of 6.5 feet (2 meters) per year. The result is that these regions are less able to manage droughts when nature does bring hot, dry conditions. California fish hatcheries have started trucking their salmon to the Pacific Ocean because the rivers they are usually released into are too low and warm. AP Photo/Rich Podroncelli Rising global temperatures also play several roles in drought. They influence whether precipitation falls as snow or rain, how quickly snow melts and, importantly, how quickly the land, trees and vegetation dry out. Extreme heat and droughts can intensify one another. Solar radiation causes water to evaporate, drying the soil and air. With less moisture, the soil and air then heat up, which dries the soil even more. The result is extremely dry trees and grasses that can quickly burn when fires break out, and also thirstier soils that demand more irrigation. Alarmingly, the trigger for the drying and warming cycle has been changing. In the 1930s, lack of precipitation used to trigger this cycle, but excess heat has initiated the process in recent decades. As global warming increases temperatures, soil moisture evaporates earlier and at larger rates, drying out soils and triggering the warming and drying cycle. Fire warnings ahead Hot, dry conditions in the West last year fueled a record-breaking wildfire season that burned over 15,900 square miles (41,270 square kilometers), including the largest fires on record in Colorado and California. As drought persists, the chance of large, disastrous fires increases. The seasonal outlook of warmer and drier-than-normal conditions for summer and fire season outlooks by federal agencies suggest another tough, long fire year is ahead. [Get the best of The Conversation, every weekend. Sign up for our weekly newsletter.] This article was updated with a statement from Secretaries Deb Haaland and Tom Vilsack.This article is republished from The Conversation, a nonprofit news site dedicated to sharing ideas from academic experts. It was written by: Mojtaba Sadegh, Boise State University; Amir AghaKouchak, University of California, Irvine, and John Abatzoglou, University of California, Merced. Read more:Water wells are at risk of going dry in the US and worldwideTwo-thirds of Earth’s land is on pace to lose water as the climate warms – that’s a problem for people, crops and forestsThe year the West was burning: How the 2020 wildfire season got so extreme Mojtaba Sadegh receives funding from the National Science Foundation. Amir AghaKouchak receives funding from National Science Foundation, National Oceanic and Atmospheric Administration and National Aeronautics and Space Administration.John Abatzoglou receives funding from the National Oceanic and Atmospheric Administration and the National Science Foundation.
New Disney movies will only be exclusive to theaters for 45 days instead of 90.
Airbnb said Thursday it expects "a travel rebound unlike anything we have seen before" as the home sharing platform posted a big loss for the past quarter.