Month: January 2023

Fed Paid Funds and Banks More Than $90 Billion Over Past Year for Sitting on Clients’ Cash

The Federal Reserve’s anti-inflation efforts are becoming increasingly expensive. The U.S. central bank has paid out over $90 billion to banks and money market funds over the past year for letting the cash of their clients lay dormant. The payouts have ballooned in recent months as the Fed has repeatedly hiked interest rates. The Fed’s…


Clinical Research: Korean Medicine Treatment Is Effective in Treating Shoulder Osteoarthritis

Shoulder osteoarthritis (SOA), a degenerative joint disease, affects nearly one-third of adults aged 60 and older in the United States and can cause pain, stiffness, reduced range of motion, and crepitus—“hearing and feeling grinding and clicking noises as you move your shoulder.” These symptoms can impinge on daily life, taking a physical and emotional toll on…


BBC Chairman Probed Over Alleged Role in Helping Boris Johnson Secure Loan

BBC Chairman Richard Sharp is under investigation over potential conflicts of interests after allegations emerged that he had helped secure an £800,000 ($987,000) loan guarantee for former Prime Minister Boris Johnson. The Sunday Times alleged that Sharp, a Tory donor and BBC chair candidate at the time, was involved in talks about financing Johnson when…


Design Recipes: Sofa Seating Alternatives

By Cathy Hobbs From Tribune News Service While sofas are often the go-to seating option, often a smaller seat would be ideal. This is where seating and sleep solutions such as day beds, chaises and benches can play a useful and purposeful role. Chaises A chaise provides a functional seating option in a modern home…


Delta CEO Calls on Lawmakers to Support FAA to Modernize Air Traffic Control Systems

Delta Air Lines CEO Edward Bastian called on lawmakers to find a way to give assistance to the Federal Aviation Administration (FAA) in updating air traffic control systems. Bastian made his comments during a fourth-quarter earnings call, where he discussed the recent outage of the Notice to Air Missions (NOTAM) system outage that took place…


Former Top FBI Counterterrorism Official Arrested, DOJ Announces

A former top FBI official in New York has been arrested due to his alleged ties to a Russian oligarch, the Department of Justice (DOJ) announced on Monday. Charles McGonigal, formerly the special agent in charge of counterintelligence in the FBI’s New York Field Office, was arrested because of his ties to Oleg Deripaska, according to…


The Downfall of the Gurus

Commentary Scott Adams, creator of the insightful Dilbert comic strip, earned his status as an influencer not only from his acidic commentary on the bureaucratization of business life. He was also very early in noticing that there was something special about Donald Trump. There were moments back in the day when Trump was wizard-like, he…


A Quarter of Canadians Think Prices Will Eventually Fall. Here’s Why That’s Unlikely

What goes up doesn’t necessarily come down. That’s contrary to the sentiment of a surprisingly large proportion of respondents to the Bank of Canada’s quarterly consumer expectations survey, released last week. According to the survey, more than a quarter of Canadians believe that current decades-high prices will drop five years from now. “What goes up…


Putin Ally Warns of ‘Global Catastrophe’ If West Continues to Arm Ukraine

Vyacheslav Volodin, a speaker of the Kremlin’s lower house of parliament, warned on Jan. 22 that sending additional offensive weapons to Ukraine “will lead to a global catastrophe.” Volodin, 58, claimed that the United States and the North Atlantic Treaty Organization’s (NATO) continued support of Ukraine is pushing the world to a “terrible war,” noting…


Spotify Latest Tech Name to Cut Jobs, Axes 6% of Workforce

Music streaming service Spotify said Monday it’s cutting 6% of its global workforce, or about 600 jobs, becoming yet another tech company forced to rethink its pandemic-era expansion as the economic outlook weakens. CEO Daniel Ek announced the restructuring in a message to employees that was also posted online. As part of the revamp involving…