Yahoo News

on 20/09/2020 at 1:11 am

Sarabeth and Amelia Irwin are believed to be the first set of conjoined twins in Michigan to be successfully separated.

on 20/09/2020 at 12:31 am

As Pensacola copes with effects of Sally, three storms are active in an exceptionally busy Atlantic hurricane season.

on 19/09/2020 at 11:10 pm

The line to succeed Associate Justice Ruth Bader Ginsburg on the Supreme Court starts with these five federal appeals court judges.

on 19/09/2020 at 10:58 pm

The new company will be called TikTok, and it would be headquartered in Texas.

on 19/09/2020 at 8:30 pm

Conservative pollster Scott Rasmussen warned Republicans it would be a bad idea

on 19/09/2020 at 5:05 pm

Last week, nearly two dozen families in Georgia made headlines for pooling money to purchase land in a Georgia town with a vision to build a safe-haven community for Black people. The news garnered widespread attention, including interest from big wigs in the entertainment sphere hoping to develop a reality TV show about the forthcoming community dreamed to be Freedom, Georgia, per TMZ. The group of 19 families, led by Ashley Scott and Renee Walters, bought 97 acres of land in Toomsboro, Georgia, a rural town of about 500 people, according to U.S. Census Bureau estimates, about two hours south of Atlanta.

on 19/09/2020 at 4:42 pm

Gary Kirby, owner of Westside Sports Bar and Lounge, said that anyone who refuses to take off their face covering will be asked to leave.

on 19/09/2020 at 3:57 pm

Mexico’s populist president Andrés Manuel López Obrador was voted in on a pledge to stamp out corruption and largess that went all the way to the country's highest office. So when he pledged to sell the presidential plane, with its marble bathrooms and king sized bed, it seemed like an easy win. But the $218 million, purchased under a predecessor in 2012, jet lies on the tarmac after the latest failed bid to find a buyer in a saga that has exposed the socialist leader to ridicule and embarassment. This week's attempt to raffle the plane during the country’s Independence holiday ended in predictable disaster. For López Obrador, also known by his initials as Amlo, the plane is a symbol of the opulence and waste of the country's political elite, and he vowed to sell it and return the money to Mexicans during his 2018 campaign. After his landslide victory, the President put it up for sale and has been flying on low-cost commercial flights. But it wasn’t that easy. The jet is a used and expensive luxury item with few potential buyers. After spending nearly two years parked for sale in California and spending almost the same amount of money for having it parked than he would have spent using it (about $1.5 million), Amlo decided in February he would just raffle it off during the September 15 Independence holiday. He even had to change the law in order to raffle an item instead of money through Mexico’s National Lottery. Only the plane wasn’t his to raffle. It turned out the Mexican government hasn’t finished paying for it. Amlo moved forward with the raffle but decided to give out the cash equivalent of the jet’s market value of about $95 million instead of the actual plane, split it into 100 winning tickets.

on 19/09/2020 at 3:02 pm

Nancy Troche Garcia, 28, was last seen in Asheboro, North Carolina on May 20, 2018, when she dropped her baby off with the baby’s father. She then reportedly went to the father’s sister’s house nearby and asked her if she would help care for the baby since she would be traveling to Mexico to care for her sick mother. But her mother told police that she was not sick and there were no plans for Nancy to come to Mexico. Nancy’s burgundy 2001 Chevy Impala is also missing. The Asheboro Police

on 19/09/2020 at 2:27 pm

Potential Supreme Court nomination before election will now be a flashpoint issue in every close Senate race

on 19/09/2020 at 12:27 pm

Ethiopia has filed terrorism charges against a prominent media mogul and opposition politician from the Oromo ethnic group, Jawar Mohammed, the attorney general's office said on Saturday. Jawar, founder of the Oromiya Media Network and a member of the Oromo Federalist Congress party, was arrested in June amid the widespread unrest that followed the assassination of popular Oromo musician Haacaaluu Hundeessaa.

on 19/09/2020 at 11:37 am

Russian opposition leader Alexei Navalny said he is recovering his verbal and physical abilities at the German hospital where he is being treated for suspected nerve agent poisoning but that he at first felt despair over his condition. Navalny, the most visible opponent of Russian President Vladimir Putin, fell ill on a domestic flight to Moscow on Aug. 20 and was transferred to Germany for treatment two days later. A German military lab later determined that the Russian politician was poisoned with Novichok, the same class of Soviet-era agent that Britain said was used on a former Russian spy and his daughter in England, in 2018.

on 19/09/2020 at 10:30 am

At the Kansas City Federal Reserve’s virtual Jackson Hole economic-policy symposium, Fed chairman Jerome Powell drove a final stake into the legendary inflation fighter Paul Volcker’s Fed. The new orthodoxy promises easy money as far as the eye can see and holds that inflation is good -- not Venezuelan and Zimbabwean hyperinflation of course, just a moderate dose -- thus ensuring that a dollar every year is worth less. Americans should be afraid.Powell announced the Fed’s new inflation-averaging strategy. The central bank is changing how it defines and attempts to achieve the 2 percent inflation target, which it adopted on its own authority in 2012. Henceforth, the Fed will attempt to catch up for past inflation shortfalls. Powell warned that inflation below “its desired level,” which our enlightened central bankers have decreed is 2 percent, can lead to an “unwelcome reduction” in inflation expectations, causing lower inflation. Joe and Sally Sixpack, however, would view gas, steak, and dental check-up prices not rising as welcome.Additionally, the Fed chairman declared the central bank would not, as it has in the past, preemptively raise interest rates to stave off higher inflation when unemployment falls below its natural rate.The new policy has an asymmetric pro-inflation bias. America’s central bankers are not contemplating deflationary policies to offset excessive past inflation. If inflation were 5 percent in period one, the Fed would try to bring it down to 2 percent in period two, not to negative 1 percent.The Fed is a masterful political actor. Powell touted “The Fed Listens” events as “connecting with the American people.” All well and good, but it is Congress, which represents the American people, that the Fed is supposed to heed.The Fed isn’t independent or the policymaker. It is an instrument of Congress, which by statute directs it to conduct monetary policy to achieve “stable prices,” maximum employment, and moderate low-term interest rates. Stable prices mean inflation hovering around zero, not prices doubling every 35 years. If a 200-pound MMA fighter’s weight increased 2 percent every year to 244 pounds after a decade, nobody would suggest his weight was stable.Shame on the Fed for “redefining” its role under the law. But shame on Congress for not insisting the central bank hew to statute.If Congress wants inflation, it should pass legislation changing the Fed’s mandate to that effect, which President Trump or Biden would likely sign. But while many congressional cravens may want inflation, few want to go on record voting for it.Powell allowed, “Many find it counterintuitive that the Fed would want to push up inflation.” No kidding. Money is a unit of account, a means of exchange, and a store of value. Stable money is a sine qua non of stable, prosperous, free societies. There’s enormous value in the dollar remaining constant for consumers and firms planning, transacting, and saving. Imagine a world where a yard continually changed.The received wisdom is that deflation is bad. Precipitous deflation is harmful. However, gentle deflation benefits many firms and individuals. During much of the 19th century the U.S. enjoyed mild deflation.To bolster inflation the Fed is keeping real wholesale interest rates negative.Interest rates are the price of present versus future investment and consumption. They are the economy’s most important price, dynamically signaling where and when capital should be allocated to maximize value.Keeping interest rates artificially low, as the Fed has done for nearly two decades, causes systemic malinvestment, incentivizes excessive risk-taking, and sustains zombie firms, making society poorer, and is sowing the seeds for the next crisis. It punishes savers and creditors.There are, however, powerful constituencies for easy money. America’s biggest borrower, the federal government, loves it. Real-estate developers and brokers and much of Wall Street also vigorously support cheap debt.With everyone focused on the COVID-19 pandemic and recession, inflation is low on people’s list of concerns, but it’s brewing. From December 2019 to August 24, 2020, the monetary base (M1) increased 35 percent. The Fed’s real benchmark interest rate is negative. The pandemic has crimped production. As America limps out of the crisis and the velocity of money -- the rate at which money turns over -- recovers, it’s a recipe for inflation.Since the Fed’s creation in 1913, its policies have massively debased the dollar and caused or contributed to multiple economic crises, including the Great Depression and the Great Recession, devastating job and wealth creation. While the central bank can affect price levels, easy money can’t increase sustainable long-term employment and wealth. Congress should, therefore, eliminate any doubt about what the Fed can and should do by doing away with its “dual” mandate, narrowly focusing it on maintaining stable prices, something that it is equipped to deliver.

on 19/09/2020 at 10:05 am

Tens of thousands of people gathered to mourn the controversial leader of Bangladesh's largest Islamist group as his funeral was held on Saturday in a rural southeastern town, police said.

on 19/09/2020 at 10:04 am

Police say incident is ‘tragedy of epic proportions’

on 19/09/2020 at 9:00 am

In 2008, CIA operative Stephen Stanek faced a decision: cancel the operation he was running or go forward with it — as a tropical storm barreled through the Philippines with a projection to veer north and miss his team's area of operation.

on 19/09/2020 at 9:00 am

The officers allegedly shared extremist content in chatrooms and WhatsApp groups. Some face charges of spreading Nazi propaganda and hate speech.

on 19/09/2020 at 5:38 am

China said Saturday it had launched a mechanism enabling it to restrict foreign entities, a much-anticipated move seen as retaliation to US penalties against Chinese companies such as telecom giant Huawei.

on 19/09/2020 at 2:03 am

After landing in New Castle, Del., former Vice President Joe Biden made a statement on the death of Supreme Court Justice Ruth Bader Ginsburg, who died on Friday at age 87.

on 19/09/2020 at 1:49 am

Anthony Huber's parents said "there was absolutely no justification for Anthony's murder."