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NEWS - TUESDAY, APRIL 23, 2024 - NEWS
California cities are looking to the Supreme Court to win more authority to restrict homeless encampments. LA Times
VOA VIEW: There should be more restrictions.
The Affordable Connectivity Program, which offers a $30 subsidy, helping millions of households across the U.S. connect to the internet, is slated to expire. LA Times
VOA VIEW: Those who pay regular price also pay for the subsidy.
The daughter of Rep. Ilhan Omar, D-Minn., has been suspended from Barnard College and is barred from entering certain buildings on the school's campus after helping to organize an anti-Israel protest at Columbia University last week. Newsmax
VOA VIEW: She should be ousted.

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The White House is weighing ways to provide temporary legal status and work permits to immigrants in the U.S. illegally who are married to American citizens, three sources familiar with the matter said on Monday, a move that could energize some Democrats ahead of the November elections. Newsmax
VOA VIEW: Anything for a vote - the hell with America.
Only 4 in 10 U.S. voters say former President Donald Trump is likely to get a fair trial in New York City. A total of 51% of voters say it's not likely Trump can get a fair trial in the current case brought forth by Manhattan Democrat District. Newsmax
VOA VIEW: The entire case is a travesty.
U.S. forces stationed at Iraq's Ain al-Asad airbase were targeted in an armed drone attack that caused no damage or casualties, a U.S. official said, in the second attack on U.S troops in the region in less than 24 hours. Newsmax
VOA VIEW: Coward Biden does nothing.
As the Senate prepares to vote Tuesday on approving foreign aid to Ukraine, some stark differences have been exposed in the Republican conference. Senate Minority Leader Mitch McConnell, R-Ky., has been an ardent supporter of additional aid to Ukraine. Newsmax
A Honduras-bound Carnival Cruise ship rescued 27 Cuban migrants stranded in the high seas aboard a rickety wooden board on Sunday. New York Post
Letitia James had asked a court to reject the bond that Donald J. Trump posted in his civil fraud case. A deal on Monday will keep the terms of the bond largely unchanged. New York Times
VOA VIEW: Good!

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Babies and toddlers up to 5 years old experienced "modest" developmental delays during COVID-19 pandemic lockdowns, according to a federally funded study. Washington Times
VOA VIEW: Thank liberals Dems and Biden.
The man who led Bill Clinton into the White House said party members should keep Joe Biden in it by trolling former President Donald Trump with "fart sounds." Washington Times
VOA VIEW: Dems are sick fools.
Out of air and pinned by an alligator to the bottom of the Cooper River in South Carolina, Will Georgitis decided his only chance to survive might be to lose his arm. Washington Times
Columbia University President Minouche Shafik declared Monday that the Ivy League institution is facing a "crisis," ordering classes to be held remotely and stepping up security over escalating anti-Israel protests that have Jewish students in fear for their safety. Washington Times
VOA VIEW: Sad incompetency and stupidity.

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Tesla reduced prices by $2,000 on three of its five models in the U.S. The company also cut prices in China and Germany. CBS
VOA VIEW: EVS are losing.
Opening statements in Donald Trump’s “hush money” trial are set for Monday in a historic moment of the first-ever criminal trial of a former president of the United States. Trump faces 34 felony counts of falsifying business records. He’s accused of using his former lawyer, Michael Cohen, to funnel payments to adult film star Stormy Daniels. CBS
VOA VIEW: Sham on the liberal Dems.
Protesters demanding Yale University divest from military manufacturers and expressing "solidarity with Gaza" were detained Monday as demonstrations spilled out into the streets. CBS
VOA VIEW: Foolish protesters.

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The House passed legislation over the weekend on foreign aid, sending it to the Senate. The bills provide $95 billion to Ukraine, Israel and Taiwan. CBS
VOA VIEW: The Senate should vote against.
Scientists are expecting billions, and possibly trillions, of cicadas to emerge this spring. It's expected to be the largest number of the noisy bugs seen since the early 1800s. CBS
Trump attacked Biden on social media following the release of the most recent consumer price index. CNBC
VOA VIEW: Biden should lose big.
Anti-Israel encampments that are raising security concerns for Jewish students were seen at Columbia, Yale, NYU, MIT and Emerson College on Monday. FOX News
VOA VIEW: No support or government funding to these liberal colleges.
The FBI laid out a four-step approach to delivering traumatic news about a dead loved one that includes a delicate balance of understanding and honesty FOX News

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Activist who led crowd in chants of “Death to America" has a long past of promoting Iran and the causes of terrorist organizations while claiming to hold “anti-war" stance. FOX News
VOA VIEW: The agitator should be ousted.
Groundbreaking on a $12 billion high-speed passenger rail line between Las Vegas and the Los Angeles area is scheduled to occur on Monday, officials said. FOX News
With the official start of summer now less than two months away, the U.S. Centers for Disease Control and Prevention launched a new initiative to help Americans protect themselves from extreme heat. UPI

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The Federal Aviation Administration issued a set of new regulations Monday, requiring charter airlines, commuter airlines and air tour operators to implement a Safety Management System. UPI
VOA VIEW: As they should.
President Joe Biden will announce $7 billion from the Environmental Protection Agency's Solar for All grant competition along with the first jobs climate-related positions at ClimateCorps.gov. UPI
VOA VIEW: Biden is buy votes.
Vice President Kamala Harris will outline the Biden administration's new set of health care rules to increase pay and improve quality and access of care for seniors and those differently-abled. UPI
VOA VIEW: Meaning what?
The U.S. Supreme Court will hear an appeal filed by the Biden administration on a case related to regulations governing so-called "ghost guns." UPI

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COMMENTARY OF THE DAY
By
Robert Namer
Voice Of America
©2018 All rights reserved
April 26, 2024

     Minneapolis Federal Reserve President Neel Kashkari thinks there’s nearly a 50-50 chance that interest rates will need to move significantly higher to bring down inflation.  The Feds must stop raising interest rate - it is causing higher inflation.

     In an essay the central bank official posted, he said there’s a strong case to be made that the U.S. economy is headed toward a “high-pressure equilibrium.” Such a condition would involve continued growth featuring strong consumer spending and “the economic flywheel spinning.”  In that instance, the inflation rate falls but stays above the Fed’s 2% target, posing a challenge for policymakers.  “The case supporting this scenario is that most of the disinflationary gains we have observed to date have been due to supply-side factors, such as workers reentering the labor force and supply chains resolving, rather than monetary policy restraining demand,” he wrote in a post titled, “Policy Has Tightened a Lot. Is It Enough?”

     Noting that rate-sensitive areas such as housing and autos have held strong despite Fed tightening, Kashkari remarked, “These dynamics raise the question, How tight is policy right now? If policy were truly tight, would we observe such robust activity?”  Services inflation, excluding the cost of renting shelter, has been coming down, but has otherwise remained elevated, raising longer-term concerns.  “Once supply factors have fully recovered, is policy tight enough to complete the job of bringing services inflation back to target? It might not be, in which case we would have to push the federal funds rate higher, potentially meaningfully higher,” Kashkari said. “Today I put a 40 percent probability on this scenario.”

     Of course, that still means he assigns a 60% chance of the Fed sticking its “soft-landing” goal, with inflation coming back to the goal without a harmful recession. He cited “the actual progress we have made against inflation and the actual labor market performance” as factors contributing to policymakers reaching their goal.  However, the comments come the same day as with JPMorgan Chase  CEO Jamie Dimon, in which the bank executive entertains the possibility that the Fed may have to take its benchmark rate up to 7%. The fed funds rate currently is targeted in a range between 5.25%-5.5%.