“In contrast to times past, there’s a tendency now for the yield curve to be very flat,” she said, adding that it’s now easier for it to invert — which traditionally meant investors had become concerned about a future downturn. In technical terms, it’s when the spread between the three-month Treasury bill yield and the 10-year note rate turns negative, which happened on Friday for the first time since 2007.
Typically the government pays a higher annual interest rate for long-term bonds than short-term bonds because investors are letting the government borrow their money for a longer amount of time. But on Friday, the opposite was true — the yield on the 10-year bond dropped below the three-month bond for the first time since 2007.
“Part of it is we are in the cycle — we’ve probably gone through the deleveraging period in China … in some of the rest of emerging Asia. Not completely, but there’s the sense that we’re coming back up,” he continued, referring to China’s efforts to reduce debt levels.
The Fed is an important institution, responsible for managing the American economy to ensure “maximum employment” and “reasonable price stability.” As the most powerful bank regulator in the country, it’s also responsible for preventing a financial crisis. There are a lot of problems with the way the Fed currently operates, but none of them will be solved by adding a clown to the board of governors.
Jair Bolsonaro’s Southern Strategy (jdargis)
Like many autocrats, Bolsonaro came to power with a suddenness that alarmed the élites. He had run a low-budget campaign, consisting mostly of a social-media effort overseen by his son Carlos. At events with supporters, he posed for selfies making a gesture as if he were shooting a machine gun. He promised to “reconstruct the country”—and to return power to a political right that had been in eclipse for decades. In the inaugural ceremony, he vowed to “rescue the family, respect religions and our Judeo-Christian tradition, combat gender ideology, conserving our values.”
About the only issue on which Washington has lately been able to reach a bipartisan consensus is that Mueller’s full report and its underlying material must at least go to Congress, if not become public.
Dynamic Yield will expand McDonald’s “ability to increase the role technology and data will play in our future,” McDonald’s CEO Steve Easterbrook said in a statement. It will also increase “the speed with which we’ll be able to implement our vision of creating more personalized experiences for our customers,” he added.
Alzheimer’s is devastating. Nearly 6 million Americans have it, according to the Alzheimer’s Association, making it a leading causes of death. Another 16 million people are unpaid caregivers for Alzheimer’s patients, which can take a severe financial and emotional toll. Yet despite an army of medical researchers, the disease remains a black box.
“The study shows, on the one hand, that the permission model on the Android operating system and its apps allow a large number of actors to track and obtain personal user information,” it writes. “At the same time, it reveals that the end user is not aware of these actors in the Android terminals or of the implications that this practice could have on their privacy. Furthermore, the presence of this privileged software in the system makes it difficult to eliminate it if one is not an expert user.”
The second flaw, CVE-2019-6540, is that the Conexus protocol doesn’t use any form of wireless encryption, so that attackers nearby can sniff out sensitive data going to and from the device.
The silver lining is that attackers would have to be close to the target device at precisely the right moment.
Energy Innovation based its study on companies’ financial filings data from the U.S. Energy Information Administration (EIA). It found that coal has become more expensive as maintenance and anti-pollution compliance costs have risen, while technological advances have made solar and wind power cheaper.
While the Fed’s primary policy tools — short-term interest rates and large-scale asset purchases — aren’t designed to address phenomenon like global warming, policy makers may need to take climate-related damages into account when considering the long-term economic outlook, the researcher wrote. “Many central banks already include climate change in their assessments of future economic and financial risks when setting monetary and financial supervisory policy,” he wrote.
Louisiana’s Disappearing Coast (jdargis)
Plaquemines has the distinction—a dubious one, at best—of being among the fastest-disappearing places on Earth. Everyone who lives in the parish—and fewer and fewer people do—can point to some stretch of water that used to have a house or a hunting camp on it. This is true even of teen-agers. A few years ago, the National Oceanic and Atmospheric Administration officially retired thirty-one Plaquemines place-names, including Bay Jacquin and Dry Cypress Bayou, because there was no there there anymore.
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