How Will Interest Rate Increases Impact Inflation?

The Federal Reserve is raising interest rates to fight inflation. Some economists want more; some politicians want less. What’s the logic?

#consumer-behavior, #federal-reserve-system, #inflation-economics, #interest-rates, #powell-jerome-h, #prices-fares-fees-and-rates, #recession-and-depression, #summers-lawrence-h, #supply-chain, #united-states-economy, #warren-elizabeth

What We Actually Mean When We Talk About Biden’s Age

Michelle Cottle and David Brooks on gerontocracy and generational power in American politics.

#age-chronological, #audio-neutral-informative, #biden-joseph-r-jr, #brooks-david, #cottle-michelle, #democratic-party, #feinstein-dianne, #gerontocracy, #pelosi-nancy, #sanders-bernard, #trump-donald-j, #united-states-politics-and-government, #warren-elizabeth

Biggest Cryptominers in the U.S. Use as Much Power as Houston, Findings Show

The findings, by a congressional investigation, highlight how the surge in activity has caused consumers’ electrical bills to rise and makes it harder to fight global warming.

#air-pollution, #bitcoin-currency, #electric-light-and-power, #energy-department, #environmental-protection-agency, #global-warming, #greenhouse-gas-emissions, #virtual-currency, #warren-elizabeth

Elizabeth Warren and Tina Smith: Roe Is Gone but the Fight Has Just Begun

We must restore our democracy so that a radical minority can no longer drown out the will of the people.

#abortion, #birth-control-and-family-planning, #decisions-and-verdicts, #democratic-party, #law-and-legislation, #republican-party, #roe-v-wade-supreme-court-decision, #senate, #smith-tina-f, #states-us, #supreme-court-us, #united-states-politics-and-government, #warren-elizabeth, #women-and-girls

Yes, We Should Cancel Student Debt, but Only for Some

America’s social mobility machine is broken.

#biden-joseph-r-jr, #black-people, #colleges-and-universities, #credit-and-debt, #law-and-legislation, #millennial-generation, #student-loans, #united-states, #united-states-politics-and-government, #warren-elizabeth

Demonstrators Gathered in Front of Supreme Court After Leaked Draft

Armed with megaphones, signs, buttons and at least one letterpress for speedy poster production, groups supporting and opposing abortion rights demonstrated.

#abortion, #democratic-party, #demonstrations-protests-and-riots, #law-and-legislation, #planned-parenthood-federation-of-america, #roe-v-wade-supreme-court-decision, #supreme-court-us, #warren-elizabeth, #washington-dc

What Does the Right Do When Big Business Turns Against Conservatism?

How conservatives put their hope in Elon Musk and Ron DeSantis.

#antitrust-laws-and-competition-issues, #conservatism-us-politics, #corporations, #democratic-party, #desantis-ron, #domenech-ben-1981, #florida, #freedom-of-speech-and-expression, #liberalism-us-politics, #musk-elon, #republican-party, #trump-donald-j, #warren-elizabeth

First-Time Home Buyers Are Getting Squeezed Out by Investors and Corporations

Investors and corporations are buying up houses and turning them into rental properties. In Charlotte, N.C., that is adding to the hurdles facing would-be buyers navigating a brutal market.

#evictions, #housing-and-urban-development-department, #real-estate-and-housing-residential, #renting-and-leasing-real-estate, #warren-elizabeth

Fed nominees commit to not taking part in finance’s revolving door.

Three Federal Reserve picks said that they won’t work in finance for years if they are confirmed to central bank positions.

#banking-and-financial-institutions, #biden-joseph-r-jr, #brainard-lael, #brown-sherrod, #cook-lisa-d, #federal-reserve-bank-of-kansas-city, #federal-reserve-system, #jefferson-philip-n, #powell-jerome-h, #raskin-sarah-bloom, #senate-committee-on-banking-housing-and-urban-affairs, #toomey-patrick-j, #united-states-politics-and-government, #warren-elizabeth

Elizabeth Warren Claps Back at Elon Musk

The Massachusetts senator defends her plan to tax billionaires and break up Big Tech.

#antitrust-laws-and-competition-issues, #democratic-party, #income-tax, #massachusetts, #senate, #silicon-valley-calif, #united-states-politics-and-government, #warren-elizabeth

Congress Can Trade Stocks or Keep the Public Trust. Not Both.

Why on earth are representatives and senators allowed to trade stocks?

#burr-richard-m, #democratic-party, #hawley-josh-d-1979, #house-of-representatives, #krishnamoorthi-raja, #merkley-jeffrey-a-1956, #ossoff-jon, #pelosi-nancy, #politics-and-government, #republican-party, #securities-and-exchange-commission, #senate, #spanberger-abigail, #united-states-politics-and-government, #warren-elizabeth

What Is Joe Biden Thinking?

The strange strategy of a staggering presidency.

#biden-joseph-r-jr, #democratic-party, #law-and-legislation, #manchin-joe-iii, #polls-and-public-opinion, #republican-party, #roosevelt-franklin-delano, #senate, #sinema-kyrsten, #trump-donald-j, #united-states-politics-and-government, #warren-elizabeth

Counterfeit Covid Masks Are Still Sold Everywhere

Rising Covid cases have spurred a return to mask-wearing in the U.S. and overseas, at a time when flawed KN95s from China continue to dominate e-commerce sites.

#amazon-com-inc, #centers-for-disease-control-and-prevention, #consumer-reviews, #coronavirus-2019-ncov, #counterfeit-merchandise, #e-commerce, #food-and-drug-administration, #international-trade-and-world-market, #masks, #protective-clothing-and-gear, #united-states-politics-and-government, #warren-elizabeth

Powell or Brainard? Why Biden’s Pick to Lead the Fed Matters Now

Joe Biden’s pick to head the Federal Reserve is coming down to Jay Powell or Lael Brainard.

#appointments-and-executive-changes, #banking-and-financial-institutions, #biden-joseph-r-jr, #brainard-lael, #democratic-party, #federal-reserve-system, #greenspan-alan, #inflation-economics, #interest-rates, #manchin-joe-iii, #powell-jerome-h, #united-states-economy, #united-states-politics-and-government, #warren-elizabeth

Democrats Reach Deal to Control Drug Prices in Bill

The provision would, for the first time, allow the government to negotiate prices for some medicines covered by Medicare.

#biden-joseph-r-jr, #democratic-party, #drugs-pharmaceuticals, #elderly, #federal-budget-us, #health-insurance-and-managed-care, #house-of-representatives, #inventions-and-patents, #medicare, #pelosi-nancy, #prices-fares-fees-and-rates, #schumer-charles-e, #senate, #sinema-kyrsten, #united-states-politics-and-government, #warren-elizabeth

Democrats Reach Deal to Control Drug Prices in Social Policy Bill

The provision would, for the first time, allow the government to negotiate prices for some medicines covered by Medicare.

#biden-joseph-r-jr, #democratic-party, #drugs-pharmaceuticals, #elderly, #federal-budget-us, #health-insurance-and-managed-care, #house-of-representatives, #inventions-and-patents, #medicare, #pelosi-nancy, #prices-fares-fees-and-rates, #schumer-charles-e, #senate, #sinema-kyrsten, #united-states-politics-and-government, #warren-elizabeth

Michelle Wu Makes Her Play for Power in Boston

A family crisis diverted Ms. Wu from the stable path her parents planned for her. Now she hopes to become mayor.

#boston-mass, #elections-city-councils, #elections-mayors, #essaibi-george-annissa, #race-and-ethnicity, #rent-control-and-stabilization, #walsh-martin-j, #warren-elizabeth, #wu-michelle-1985

Federal Reserve Announces New Trading Restrictions on Central Bank Officials

The Federal Reserve faced scrutiny after two regional bank presidents disclosed questionable 2020 trading. Now it’s revamping the rules.

#banking-and-financial-institutions, #ethics-and-official-misconduct, #federal-reserve-system, #kaplan-robert-s, #powell-jerome-h, #rosengren-eric-s, #securities-and-commodities-violations, #stocks-and-bonds, #warren-elizabeth

Democrats to Scale Back Proposal for Banks to Report Account Balances to IRS

Banks would have to provide data on accounts with annual deposits or withdrawals exceeding $10,000, not including payroll and beneficiary deposits, rather than $600.

#banking-and-financial-institutions, #democratic-party, #federal-taxes-us, #greene-marjorie-taylor-1974, #internal-revenue-service, #republican-party, #senate, #senate-committee-on-finance, #treasury-department, #united-states-politics-and-government, #warren-elizabeth, #wyden-ron, #yellen-janet-l

Fed Chair Jerome Powell Faces Reappointment Amid Tumult

Mr. Powell is facing down progressive pushback and an ethics scandal as the White House considers his future.

#banking-and-financial-institutions, #biden-joseph-r-jr, #brainard-lael, #democratic-party, #ethics-and-official-misconduct, #federal-reserve-system, #insider-trading, #powell-jerome-h, #united-states-economy, #warren-elizabeth

Elizabeth Warren Calls for an Insider Trading Inquiry at the Fed

The Democratic Senator called for an investigation after news that the Fed’s vice chair shifted toward stocks shortly before a policy announcement last year.

#banking-and-financial-institutions, #clarida-richard-h-1957, #ethics-and-official-misconduct, #federal-reserve-bank-of-boston, #federal-reserve-bank-of-dallas, #federal-reserve-system, #gensler-gary-s, #insider-trading, #powell-jerome-h, #rosengren-eric-s, #securities-and-commodities-violations, #securities-and-exchange-commission, #warren-elizabeth

Democratic Divisions Flare Over Tax Increases and Drug Pricing

In both the House and the Senate, Democrats are working to resolve their internal differences on a huge social policy measure that will require near-total unity to pass.

#democratic-party, #drugs-pharmaceuticals, #federal-budget-us, #federal-taxes-us, #house-committee-on-energy-and-commerce, #house-committee-on-ways-and-means, #house-of-representatives, #rice-kathleen, #sanders-bernard, #schumer-charles-e, #senate, #united-states-politics-and-government, #warren-elizabeth

Elizabeth Warren Asks the Fed to Break Up Wells Fargo

She wants the Federal Reserve to revoke a key operating license and force a split between Wells Fargo’s banking and Wall Street businesses.

#banking-and-financial-institutions, #federal-reserve-system, #office-of-the-comptroller-of-the-currency, #powell-jerome-h, #regulation-and-deregulation-of-industry, #scharf-charles-w, #warren-elizabeth, #wells-fargocompany

Elizabeth Warren Accuses Amazon of Peddling Covid Misinformation

In a letter addressed to Amazon’s chief executive, Ms. Warren asserts that Amazon’s search algorithm promotes books riddled with false facts about the pandemic and vaccines.

#amazon-com-inc, #coronavirus-2019-ncov, #jassy-andrew-r, #rumors-and-misinformation, #warren-elizabeth

Crypto’s Rapid Move Into Banking Elicits Alarm in Washington

The boom in companies offering cryptocurrency loans and high-yield deposit accounts is disrupting the banking industry and leaving regulators scrambling to catch up.

#andreessen-horowitz, #banking-and-financial-institutions, #blockfi-inc, #coinbase-inc, #federal-reserve-system, #gensler-gary-s, #powell-jerome-h, #regulation-and-deregulation-of-industry, #securities-and-exchange-commission, #treasury-department, #virtual-currency, #warren-elizabeth, #yellen-janet-l

Lessons on Child Care, From the Military

The military transformed what was once an underfunded, scattershot child care system into one of the best in the country. Some see it as a model to emulate.

#child-care, #children-and-childhood, #defense-department, #law-and-legislation, #united-states-defense-and-military-forces, #warren-elizabeth, #women-and-girls, #work-life-balance

Banks Slowly Offer Alternatives to Overdraft Fees, a Bane of Struggling Spenders

Aggressive overdraft fees are worth tens of billions of dollars a year to the banking industry. Account holders are finally getting some better options.

#ally-financial-inc, #banking-and-financial-institutions, #chime-bancorp-bank, #consumer-protection, #customer-relations, #fines-penalties, #jpmorgan-chasecompany, #personal-finances, #warren-elizabeth

Infrastructure Bill Talks Collide With Democrats’ Goal to Tax the Rich

Many Democrats see the push for an infrastructure package as an opportunity to raise taxes on rich individuals and corporations. But resistance is coming from multiple directions.

#american-families-plan-2021, #american-jobs-plan-2021, #capital-gains-tax, #democratic-party, #federal-taxes-us, #high-net-worth-individuals, #income-tax, #infrastructure-public-works, #sanders-bernard, #senate, #tax-credits-deductions-and-exemptions, #tax-cuts-and-jobs-act-2017, #united-states-politics-and-government, #warren-elizabeth, #wyden-ron

ProPublica Report Has Congress Rethinking How to Tax Superrich

A report showing that the richest Americans, including Jeff Bezos, Elon Musk and Warren Buffett, pay almost no taxes has refocused attention on the tax code.

#alternative-minimum-tax, #biden-joseph-r-jr, #capital-gains-tax, #corporate-taxes, #democratic-party, #federal-taxes-us, #high-net-worth-individuals, #income-tax, #internal-revenue-service, #pro-publica, #propublica, #republican-party, #senate-committee-on-finance, #stocks-and-bonds, #tax-credits-deductions-and-exemptions, #tax-cuts-and-jobs-act-2017, #tax-shelters, #taxation, #toomey-patrick-j, #united-states-economy, #united-states-politics-and-government, #warren-elizabeth, #wyden-ron

The Native Scholar Who Wasn’t

More than a decade ago, a prominent academic was exposed for having faked her Cherokee ancestry. Why has her career continued to thrive?

#black-people, #cherokee-indians, #krug-jessica-a, #native-americans, #race-and-ethnicity, #tenure, #warren-elizabeth

Elizabeth Warren on What We Get Wrong About Inequality

The senator also discusses housing policy, child care costs, billionaires and more.

#warren-elizabeth

Elizabeth Warren Grapples With Presidential Loss in New Book

In “Persist,” the Massachusetts senator delves into gender issues and her own shortcomings after her failed bid for the Democratic nomination.

#bloomberg-michael-r, #clinton-hillary-rodham, #debates-political, #democratic-party, #presidential-election-of-2020, #sanders-bernard, #trump-donald-j, #warren-elizabeth

C.E.O. Pay Remains Stratospheric, Even at Companies Battered by Pandemic

While millions of people struggled to make ends meet, many of the companies hit hardest in 2020 showered their executives with riches.

#bezos-jeffrey-p, #boeing-company, #calhoun-david-l, #executive-compensation, #hilton-worldwide-holdings-inc, #iger-robert-a, #income-inequality, #johnson-kevin-r, #labor-and-jobs, #layoffs-and-job-reductions, #page-larry, #rittenmeyer-ronald-a, #stankey-john-t, #starbucks-corporation, #wages-and-salaries, #warren-elizabeth

Tribes Want Medals Awarded for Wounded Knee Massacre Rescinded

Native Americans are stepping up efforts to pressure Congress to revoke Medals of Honor awarded for the killings of Sioux, including unarmed women and children, at Wounded Knee.

#awards-decorations-and-honors, #native-americans, #noem-kristi, #oglala-sioux-indians, #pine-ridge-indian-reservation-sd, #rounds-mike, #thune-john-r, #united-states-army, #united-states-defense-and-military-forces, #united-states-politics-and-government, #warren-elizabeth

A Year After Ending Her Presidential Bid, Warren Wields Soft Power in Washington

The progressive Democrat’s proposals for taxing the rich will take center stage as talks on paying for an infrastructure bill ramp up.

#adeyemo-adewale, #biden-joseph-r-jr, #chopra-rohit, #consumer-financial-protection-bureau, #content-type-personal-profile, #democratic-party, #federal-taxes-us, #financial-stability-oversight-council, #income-tax, #united-states, #united-states-economy, #united-states-politics-and-government, #warren-elizabeth

Warren Revives Wealth Tax, Citing Pandemic Inequalities

A tax on the net worth of America’s wealthiest individuals remains popular with voters, but has yet to be embraced by President Biden.

#coronavirus-2019-ncov, #federal-taxes-us, #high-net-worth-individuals, #senate, #taxation, #united-states-economy, #united-states-politics-and-government, #warren-elizabeth

Private Equity Firms Are Piling On Debt to Pay Dividends

Dividend recaps, a kind of borrowing long condemned for loading up companies with debt for the benefit of their private equity owners, has surged.

#banking-and-financial-institutions, #blackstone-group-the, #credit-and-debt, #dividends-finance, #private-equity, #tpg-capital, #warren-elizabeth

Bidenomics 101: Inside the White House’s Plans to Bring Jobs Back

In public and private, Biden and his advisers have signaled some dramatic interventions to revive U.S. manufacturing. Will they really happen?

#deese-brian-c-1978, #income-inequality, #international-trade-and-world-market, #labor-and-jobs, #presidential-election-of-2020, #tanden-neera, #united-states-economy, #united-states-international-relations, #united-states-politics-and-government, #warren-elizabeth, #yellen-janet-l

The First Post-Reagan Presidency

So far, Joe Biden has been surprisingly progressive.

#a-promised-land-book, #appointments-and-executive-changes, #bernstein-jared, #biden-joseph-r-jr, #conservatism-us-politics, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #democratic-party, #economics-theory-and-philosophy, #emanuel-rahm, #environment, #executive-orders-and-memorandums, #filibusters-and-debate-curbs, #food-stamps, #hawley-josh-d-1979, #house-of-representatives, #inflation-economics, #interest-rates, #khanna-ro, #leftism-us-politics, #liberalism-us-politics, #minimum-wage, #national-debt-us, #new-deal-1930s, #obama-barack, #politics-and-government, #presidential-election-of-2008, #presidential-election-of-2020, #primaries-and-caucuses, #progressivism-us-politics, #reagan-ronald-wilson, #recession-and-depression, #republican-party, #roosevelt-franklin-delano, #sanders-bernard, #senate, #skowronek-stephen, #stimulus-economic, #tax-credits-deductions-and-exemptions, #taxation, #trump-donald-j, #united-states-economy, #united-states-politics-and-government, #vaccination-and-immunization, #warren-elizabeth

Hearing Aids Could Use Some Help

The vital medical devices could be inexpensive and available over the counter. But efforts have stalled under the F.D.A.

#elderly, #food-and-drug-administration, #grassley-charles-e, #hearing-aids, #house-of-representatives, #innovation, #johns-hopkins-university, #law-and-legislation, #lin-frank-r, #new-england-journal-of-medicine, #senate, #warren-elizabeth, #your-feed-health, #your-feed-science

When Churches Rescue Americans From Crushing Covid

Churches are doing what politicians have been unable to do, rescuing Americans from crushing medical bills.

#biden-joseph-r-jr, #christians-and-christianity, #credit-and-debt, #debt-collection, #democratic-party, #health-insurance-and-managed-care, #medicare, #medicine-and-health, #patient-protection-and-affordable-care-act-2010, #personal-bankruptcies, #protestant-churches, #sanders-bernard, #warren-elizabeth

The 46th: Progressive Democrats’ Next Moves Under Biden

In the first episode of this special pre-Inauguration series from “The Argument,” Congresswoman Pramila Jayapal and “Sway” host Kara Swisher join the debate.

#biden-joseph-r-jr, #democratic-party, #jayapal-pramila, #politics-and-government, #presidential-election-of-2020, #the-crown-tv-program, #united-states-politics-and-government, #warren-elizabeth

What Biden’s Election Could Mean for Student Loans

The incoming administration has proposed a series of changes that could affect more than 42 million student loan borrowers. Here’s what to expect.

#biden-joseph-r-jr, #colleges-and-universities, #corinthian-colleges-inc, #democratic-party, #devos-elizabeth-1958, #education-k-12, #federal-aid-us, #for-profit-schools, #law-and-legislation, #obama-barack, #personal-bankruptcies, #personal-finances, #presidential-election-of-2020, #student-loans, #warren-elizabeth

Progressives Press Biden to Limit Corporate Influence in Administration

As the president-elect begins making personnel choices, the left of the Democratic Party is demanding ethics rules that would ban lobbyists and some consultants.

#biden-joseph-r-jr, #demand-progress, #democratic-party, #lobbying-and-lobbyists, #presidential-election-of-2020, #presidential-transition-us, #united-states-politics-and-government, #warren-elizabeth

Bill Gates, Elizabeth Warren, Killer Mike and More Will Speak at the DealBook Online Summit

Bill Gates, Senator Elizabeth Warren, Jamie Dimon, Masayoshi Son, Killer Mike and more will join us.

#antitrust-laws-and-competition-issues, #biden-joseph-r-jr, #bourla-albert, #burns-ursula-m, #dimon-james, #fauci-anthony-s, #killer-mike, #smith-robert-f-1962, #son-masayoshi, #united-states-economy, #warren-elizabeth

Progressives’ Wish List for Biden Starts With Warren and Sanders

The Sunrise Movement and Justice Democrats, two of the left’s most prominent groups, are calling on the president-elect to appoint progressive allies to 13 key government positions.

#biden-joseph-r-jr, #ellison-keith, #jayapal-pramila, #justice-democrats, #liberalism-us-politics, #presidential-transition-us, #sanders-bernard, #stiglitz-joseph-e, #sunrise-movement, #tlaib-rashida, #warren-elizabeth

Treasury Secretary Warren? Progressives Line Up to Press Their Agenda on Biden

With control of the Senate unclear, liberal Democrats are trying to figure out how to achieve their policy goals through the White House.

#biden-joseph-r-jr, #bowman-jamaal, #congressional-progressive-caucus, #presidential-election-of-2020, #sunrise-movement, #warren-elizabeth

Warren and Other Democrats Push ‘Fundamental’ Reform of Capitalism

A move by senators suggests a new priority: moving corporate America away from a focus on shareholders.

#baldwin-tammy-suzanne-green, #biden-joseph-r-jr, #carper-thomas-r, #corporate-social-responsibility, #united-states-economy, #united-states-politics-and-government, #warner-mark-r, #warren-elizabeth

In Building Economic Team, Biden Faces Tug From Left and Center

The Democratic nominee is seeking to balance experience and diversity in preparing a team for a potential administration if he wins in November.

#biden-joseph-r-jr, #brainard-lael, #democratic-party, #federal-reserve-system, #ferguson-roger-w-jr, #goolsbee-austan-d, #labor-and-jobs, #powell-jerome-h, #presidential-election-of-2020, #raskin-sarah-bloom, #treasury-department, #united-states-economy, #united-states-politics-and-government, #warren-elizabeth, #yellen-janet-l

Senate Bill Would Outlaw Bank Discrimination for the First Time

Democrats unveiled a proposal to close a loophole in the Civil Rights Act of 1964 after a New York Times report on obstacles faced by customers.

#banking-and-financial-institutions, #beatty-joyce, #booker-cory-a, #brown-sherrod, #discrimination, #johnson-henry-c, #menendez-robert, #racial-profiling, #senate-committee-on-banking, #van-hollen-christopher-jr, #warren-elizabeth, #wells-fargocompany