Poll: Americans favor Supreme Court term limits, oppose more justices – The Washington Post
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Poll: Americans favor Supreme Court term limits, oppose more justices The Washington Post
Details of new US bank capital rules still uncertain with election looming – Reuters
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WASHINGTON, Sept 11 (Reuters) – U.S. bank investors, analysts and executives were trying to figure out on Wednesday how lenders would fare under revised hikes in capital requirements, with considerable uncertainty over what specifics will emerge from the Federal Reserve and other regulators, and the presidential election a looming wild card.
Muslim, European FMs to meet in Madrid on Israel-Palestine two-state solution today – Tribune UK
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The foreign ministers of several Muslim and European countries will meet in Madrid on Friday to discuss how to implement a two-state solution to the Israeli-Palestinian conflict, the Spanish and Norwegian governments said.
Spanish Foreign Minister Jose Manuel Albares will host the meeting, which will be attended by his European counterparts, European Union foreign policy chief Josep Borrell, and members of the Arab-Islamic Contact Group for Gaza.
The two-state solution set out in the 1991 Madrid Conference and the 1993-95 Oslo Accords has long been seen by the international community as the best way to settle the decades-long conflict, but the peace process has been moribund for years.
However, the search for a peaceful solution has been given new urgency by the 11-month-long war in the Gaza Strip between Israel and Hamas – the bloodiest episode yet in the overall conflict – as well as escalating violence in the occupied West Bank.
On May 28, Spain, Norway and Ireland formally recognised a unified Palestinian state ruled by the Palestinian Authority comprising the Gaza Strip and the West Bank, with East Jerusalem as its capital. With them, 146 of the 193 member states of the United Nations now recognise Palestinian statehood.
Flooding death toll climbs after delayed warning from Myanmar junta – myanmar-now
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More than 60 have died this week in floods caused by Typhoon Yagi in various parts of Myanmar, with most of the confirmed deaths occurring between Mandalay and the junta’s administrative capital of Naypyitaw, according to rescue workers.
Heavy rains started in and near Tachileik, eastern Shan State on Monday, causing floods by the next day. Flooding also occurred in Myawaddy, Karen State and in southern Shan State over the next few days.
Since Thursday, flooding has impacted Mandalay Region’s Kyaukse, Myittha, Pyawbwe, Thazi and Yamethin townships along the road from Mandalay to Naypyitaw, as well as Pyinmana, Tatkon, and Zayathiri townships in the Naypyitaw Union Territory, rescue workers said.
10 people have died in the floods in Yamethin Township, according to the rescue workers, with as many as 200 missing and feared dead after dozens were carried off in floodwaters in rural villages. In Pyawbwe Township, 15 people are reported missing and three bodies have been recovered, they said.
US inflation rate slows as Federal Reserve prepares to lower interest rates – MSN
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The consumer price index, the top measure for inflation in the U.S., slowed in August to 2.5% in the 12-month period ending in August, according to the Bureau of Labor Statistics who released the updated consumer price index on Wednesday.
The new data shows that inflation is now below recent norms. In the last decade, prices generally increase at a rate of 3.2% per year. In the last 20 years, consumer inflation has generally increased 3% annually.
The consumer price index weighs the costs of goods based on their importance. Items like food, shelter and energy tend to be weighted more heavily.
After annual inflation reached 9% in the middle of 2022, the Federal Reserve implemented a series of interest rate hikes in 2022 and 2023 to combat high inflation. Federal Reserve Chair Jerome Powell has stated the Federal Reserve’s goal is to reduce inflation to an annualized rate of 2%.
US appeals court voids $564 million verdict against Bank of Montreal in Ponzi case – MSN
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Bank of Montreal persuaded a U.S. appeals court on Thursday to throw out a $564 million jury verdict against a subsidiary over its role in an approximately $3.65 billion Ponzi scheme run by convicted Minnesota businessman Tom Petters.
Citing a similar case involving Bernard Madoff, the 8th U.S. Circuit Court of Appeals said a court-appointed trustee for the now-bankrupt Petters Co could not recover on behalf of its creditors because that firm had helped orchestrate the fraud.
The 3-0 decision by the St. Paul, Minnesota-based court overturned a November 2022 jury verdict, and directed that trustee Douglas Kelley’s case against BMO be dismissed.
Boeing Workers Vote to Strike After Rejecting Pay Deal – Republic World
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Boeing workers have voted to go on strike after the members of the aircraft maker’s largest union overwhelmingly rejected a contract offer on Thursday. The vote by machinists, who construct Boeing’s 737, 777, and 767 jets, comes as their current contract is set to expire at midnight Friday local time.
The strike vote is significant because it affects a substantial portion of Boeing’s workforce in the Seattle area, totaling 33,000 machinists. This action could impact the company’s efforts to ramp up production and improve its reputation, which has suffered recently due to quality and safety issues.
Is Labour teetering on the edge of a rental market collapse? – Property Reporter
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“It seems that our new Labour government is picking up where its predecessors left off within the rental market landscape, driving legislative changes designed to deter landlords from the sector”
– Jonathan Samuels – Octane CapitalWith Labour planning a capital gains tax attack on landlords in the Autumn Statement, Octane Capital commissioned a survey of UK landlords to gauge current sentiment within the sector.
The survey found that no less than 66% said they had already reduced the size of their investment portfolio in the last year, with reduced profitability due to previous legislative changes cited as the primary reason for these reductions.
The proposed rental market reform which includes the ban on Section 21 Notices also placed highly along with the inevitable increase in age, as many approach retirement.
52% of those surveyed also stated that when it came to their investment into the rental market, they feel less confident under the new Labour government and as many as 75% said that they are concerned that the current government may equalise capital gains tax in line with current income tax thresholds in the upcoming Autumn Statement.
U.S. moves USS Theodore Roosevelt from Middle East, leaving USS Abraham Lincoln as sole carrier in vicinity – 13 News Now
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WASHINGTON — The United States has reduced the number of aircraft carriers it has stationed in the Middle East,
The Pentagon announced Thursday that it has moved USS Theodore Roosevelt from the region. That decision leaves the U.S. with just one carrier in the vicinity: USS Abraham Lincoln.
Both carriers have been in place since August 23 to provide presence, as Israel continues its war with Hamas.
“Following a period of dual carrier coverage by the Theodore Roosevelt CSG and the Abraham Lincoln CSG in the CENTCOM region, the Theodore Rosevelt has departed and begun its transit into the Indo-Pacific area of operations,” said Major General Pat Ryder, Department of Defense Press Secretary.
Republicans push for clean stopgap as leaders regroup on shutdown plan – The Hill
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A growing number of House Republicans say they know how the current government funding drama ends: with a clean continuing resolution (CR) that kicks the shutdown deadline to after Election Day.
The question is how Congress arrives at that conclusion.
Speaker Mike Johnson (R-La.) scrapped plans for the House to vote on his conservative funding bill Wednesday when it became clear it didn’t have the GOP votes to pass, catapulting the conference back to square one with less than a month until the shutdown deadline.
Some Republicans are pushing Johnson to make another attempt at clearing a conservative funding bill, arguing that a successful effort could help strengthen the party’s hand in forthcoming bipartisan negotiations.
Muddying the waters, former President Trump is urging Republicans to vote against any short-term funding bill that does not secure “absolute assurances on Election Security.”
