Posts by Amelia Frost
Kevin Warsh Confirmed As Next Chairman Of The Federal Reserve, Replacing Jerome Powell
The Senate confirmed on Wednesday Kevin Warsh as the next chair of the Federal Reserve, replacing Jerome Powell. The vote was largely along party lines and followed the one on Tuesday that confirmed him as governor of the central bank. Powell’s term ends on Friday. The current chair has showed willingness to stay as member…
Read MoreGuantanamo Bay Sits Largely Empty Despite Trump Plans To Send 30,000 Immigration Detainees There
Despite plans by President Trump to fill the Guantanamo Bay naval station with as many as 30,000 high-priority migrants with criminal record, the facility remains largely empty, according to a new report. CBS News detailed that, as of May 11, there were six detainees at the facility. Over the course of the last year, the…
Read MoreThe Floor Beneath Your Feet Has Been Compromised, and Paid Expertise Holds the Blame
America has a floor safety problem, and it has nothing to do with floors. Across the country, Americans suffer millions of slip-and-fall injuries, with some serious enough to require emergency medical treatment. Many never fully recover. Some lose mobility permanently. And yet, case after case, the same outcome emerges. Property owners face litigation, a professional…
Read MoreFlorida’s Alligator Alcatraz Set To Close As Costs Spiral: Report
Florida’s Alligator Alcatraz detention center is expected to close in the coming weeks as the facility has been dogged by high costs and court challenges. CBS News reported that the facility, run by contractors hired by the state of Florida, is winding down operations. The network reported that the last of 1,400 immigration detainees is…
Read MoreNvidia To Partner With British Startup To Work On ‘Next Frontier Of AI’
Nvidia CEO Jensen Huang said the company will partner with British startup Ineffable Intelligence to develop new AI systems. Ineffable, founded by David Silver, a former top scientist at Google’s DeepMind, focuses on reinforcement learning, where AI models learn from experience, rather than human data. It announced a $1.1 billion seed round in April co-led…
Read MoreOil Production Among OPEC Members Has Dropped More Than 30% Since Iran War Began
Oil production among OPEC members fell more than 30% since the beginning of the Iran war, the organization said. In its latest monthly update, OPEC also lowered its demand growth forecast for the year to about 1.2 million barrels per day, compared to 1.4 million from the last report. The cartel’s production dropped by 1.7…
Read MoreWholesale Inflation Jumps 6%, The Highest Increase In More Than Three Years
Wholesale prices saw their highest annual increase in over three years, according to the latest figures. Concretely, the producer price index rose a seasonally adjusted 1.4% compared to the prior month, the Bureau of Labor Statistics said. The figure represents a significant increase compared to the 0.5% consensus forecast from Dow Jones. The inter-annual figure…
Read MoreMeta Employees Reportedly Launch Protest Over Tech Tracking Mouse Movements And Keystrokes
Meta employees have launched a protest against the company’s decision to implement a technology tracking their mouse movement and keystrokes to train its AI model, according to a new report. Reuters detailed that employees are distributing flyers across U.S. offices encouraging colleagues to sign an online petition against the initiative. “Don’t want to work at…
Read MoreCIA Reportedly Involved In Deadly Operations Targeting Cartels In Mexico
The CIA has been involved in deadly operations targeting cartel members in Mexico, according to a new report. CNN detailed that the campaign is being led by the agency’s Ground Branch and seeks to dismantle cartel networks, not only by removing leaders but also identifying vulnerabilities. It has been going on since last year, with…
Read MoreOver Three Quarters Of Americans Say Trump’s Policies Increased The Cost Of Living In Their Communities: Poll
Over three quarters of Americans believe President Donald Trump’s policies have increased the cost of living in their own community, according to a new poll. More than half of Republicans agreed with the premise of the survey, conducted by CNN. Moreover, two-thirds of respondents said the administration’s policies worsened economic conditions in the country. The…
Read MoreFDA Commissioner Marty Makary Resigns After Clashes With White House
U.S. Food and Drug Administration Commissioner Dr. Marty Makary resigned Tuesday after a turbulent 13-month tenure marked by clashes with the White House, industry groups, and anti-abortion activists at one of the nation’s most powerful health agencies. President Donald Trump confirmed Makary’s departure to reporters and said Kyle Diamantas, the FDA’s deputy commissioner for food,…
Read MoreCPI Report Shows Inflation Surge Spreading Beyond Energy: Food, Rent and Services Climbing Too
While the stalemate in the Iran war continues and the Strait of Hormuz remains closed, soaring energy costs are taking over most headlines. However, prices are increasing in other sectors as well. According to the Bureau of Labor Statistics, the consumer price index rose 0.6% in April compared to March, pushing annual inflation to 3.8%,…
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