During PBS’s coverage of President Donald Trump’s inauguration, New York Times columnist David Brooks remarked on Trump’s pragmatic approach in his inaugural address. Brooks observed that Trump’s focus on tangible policies rather than lofty rhetoric resonated with a public that has grown increasingly distrustful of political promises.
"5,000 years of recorded history have proven that mankind has always believed in God in spite of many abortive attempts to exile God," stated Franklin Roosevelt, February 10, 1940.
From the...
American credit card defaults have surged to the highest levels since the aftermath of the 2008 financial crisis, as consumers continue to grapple with years of high inflation. In the first three quarters of 2024, credit card lenders wrote off $46 billion in delinquent loan balances, marking a 50 percent increase from the same period last year. These write-offs, considered a highly monitored measure of loan distress, are the highest since 2010, according to industry data gathered by BankRegData.
When the First World War began, British women suffragists sent an Open Christmas Letter "To the Women of Germany and Austria" imploring peace as the first Christmas of...
U.S. stocks fell sharply on Wednesday, erasing earlier gains after the Federal Reserve announced a 25 basis point rate cut and projected a slower pace of rate reductions for next year.
The Federal Reserve made its third consecutive interest rate cut on Wednesday, reducing its benchmark rate by a quarter of a percentage point. The move, widely anticipated by investors and financial markets, brings the federal funds rate to a target range of 4.25 percent to 4.50 percent. Since beginning its rate cuts in September, the Fed has now lowered rates by a total of 100 basis points, or one percentage point.
Travis Timmerman, an American detained in Syria for seven months, has been freed and flown out of the country by U.S. military forces. His release came after rebels overthrew President Bashar al-Assad’s regime and liberated thousands of prisoners, including Timmerman.
Inflation rose in November at the fastest pace in four months, marking the second straight month of acceleration. The Department of Labor reported Wednesday that the consumer price index (CPI) increased by 2.7% over the past year, matching economists' forecasts. Core inflation, which excludes food and energy prices, climbed 3.3% year-over-year.
