Business, Economics, and Taxes 2: That's Why We Fight to Take the Means Back

[French Rage]

Fed raises rates. How long before we hear how awful Warsh is from the guy who appointed him?

 

[ScoobyDoo]

Fed raises rates. How long before we hear how awful Warsh is from the guy who appointed him?

Wait, what now? He raised the rates? He's fired.

 

[Kepler]

Fun times:

• The Federal Reserve raised its benchmark interest rate as expected on Wednesday, marking a sharp policy turnaround for an economy increasingly shaped by the war in the Middle East.
• This is the first rate hike since 2023 and is designed to cool spending and prevent inflation from becoming more entrenched. But it also means higher borrowing costs for Americans already struggling to afford homes, cars and other big-ticket purchases.
• Stocks fell, with the Dow seeing its worst day in nearly a month, while the 10-year Treasury yield moved back to its highest level since 2007 as markets digested Fed Chairman Kevin Warsh’s remarks.
• Raising rates could weaken an economy that is already showing signs of strain, increasing the risk that the Fed’s inflation fight could come at the expense of economic growth.
• The decision to raise rates was unanimous among the Fed’s rate-setting committee, including Warsh, who was handpicked by President Donald Trump with the aim of lowering rates. The president earlier this year joked he would sue Warsh if he did not.

 

[Kepler]

Formula 1 gets criticized for going to some of these despot countries. But when F1 went to Azerbaijan, I learned a lot about that country. And not necessarily things I feel comfortable about...

That is the one with the castle at the turn, right? That is so cool.

Apparently it's an authoritarian hellscape where you disappear in the middle of the night if you are an investigative journalist. So, par for the rest of our ME buddies.

Free fusion can't come soon enough to push every gas station nation back to the stone age, starting with Moscow.

 

[Russell Jaslow]

That is the one with the castle at the turn, right? That is so cool.

Yes. And using the actual castle wall as a wall for the track. It is one of the most picturesque cool looking courses (and it does produce some good races, better than most street circuits). I'll give them that.