50 mile hike training plan

Share to Twitter Share to Linkedin Topline Stocks fell slightly on Wednesday as a growing number of major Wall Street firms warned that the likelihood of a recession has risen sharply, while Federal Reserve Chair Jerome Powell pledged that the central bank is “ strongly committed ” to raising rates until inflation moderates. Key Facts Markets finished lower in choppy trading: The Dow Jones Industrial Average fell 0.2%, less than 100 points, while the S&P 500 lost 0.1% and the tech-heavy Nasdaq Composite 0.2%. The Dow was down by as much as 400 points but stocks pared back losses following comments from Fed Chair Powell, who said the central bank is “determined to take the measures necessary to restore price stability” and that “ongoing rate increases will be appropriate.” Citigroup became the latest Wall Street bank to increase its recession odds, meanwhile, forecasting a 50% chance of a downturn as consumer demand “looks to be … [Read more...] about Stocks Fall After Powell Pledges More Big Rate Hikes To Combat Inflation

This story was originally published in December 2021. It has been updated on May 4, 2022, following the leak of a draft opinion by Justice Samuel Alito. (CNN) A stunning leaked draft Supreme Court opinion that would overturn the landmark Roe v. Wade ruling and wipe out nationwide abortion protections that have lasted for half a century is sparking a sharp debate over the role of precedent in the American judiciary. Supporters of upholding Roe point to the legal principle of stare decisis, which gives compelling weight to past decisions to bind or influence current cases. Advocates who want to overrule Roe say that it was wrongly decided at the time, and it belongs with other overruled decisions like Plessy v. Ferguson, which at the time upheld segregation in schools. GOP tries to steer clear of abortion politics as midterm plans take shape A CNN analysis of congressional data shows overruling the landmark abortion rights case would be unusual, but far … [Read more...] about Roe has lasted almost 50 years. How unusual would it be to overturn it?

Travelling by train is an adventurous way to explore a destination. Some might even consider long train journeys to be romantic or idyllic. This is because on many scenic train journeys, passengers are often taken through the countryside, hills and valleys. For avid traveller Andrew T. Post, though, it’s the old-fashioned quality of rail travel that makes the journey even more rewarding. “Nobody travels by train any more, at least not anyone who’s interested in getting anywhere in a fast or efficient manner,” he said in a post on Quora. While there may be many advantages to taking other modes of transportation (“It’s far cheaper to drive, and it’s far faster to fly”), Post said nothing beats the joy of travelling by train. It’s a more comfortable option too, he said. “They’re like hotels on wheels. You have a big seat with plenty of legroom and a huge window, or possibly even a cosy cabin all to yourself. Not to mention there’s a tastefully appointed dining car in which to … [Read more...] about 5 epic train journeys in Malaysia you should get on track for

- A + A (June 22): Federal Reserve Chair Jerome Powell said the Central Bank will keep raising interest rates to tame inflation and conceded that a US recession was “certainly a possibility”. “We anticipate that ongoing rate increases will be appropriate,” Powell said Wednesday in his semiannual testimony to the Senate Banking Committee. “Inflation has obviously surprised to the upside over the past year, and further surprises could be in store. We therefore will need to be nimble in responding to incoming data and the evolving outlook.” Powell’s remarks largely reiterated comments at a press conference last week after he and his colleagues on the Federal Open Market Committee raised their benchmark lending rate 75 basis points — the biggest increase since 1994 — to a range of 1.5% to 1.75%. While Powell told reporters last week that another 75 basis-point increase, or a 50 basis-point move, was on the table for the next meeting in late July, Wednesday’s text made … [Read more...] about Powell sees ongoing rate hikes, says recession a ‘possibility’

The 25-basis-point (bp) increase in the key interest rate of the Bangko Sentral ng Pilipinas (BSP) announced on Thursday that affirmed a gradual path to tightening of monetary policy was a disappointment to analysts who believe the BSP should be more aggressive. But Pantheon Macroeconomics said the next hike might not come until next year. Miguel Chanco, the United Kingdom-based research firm’s chief economist for emerging markets in Asia, said in a commentary that this week’s rate hike—a repeat of the Monetary Board (MB) decision in their meeting last May—was “a no-brainer.” Chanco said this was so, especially considering that BSP Governor and MB chair Benjamin Diokno had explicitly said that this month’s decision was likely a 25-bp increase in the interest rate on the central bank’s overnight borrowings from banks. “Not surprisingly, inflation remains front-and-center in the board’s mind, as it raised its inflation forecasts further to 5 percent and 4.2 percent for this year … [Read more...] about Contrarians see BSP pushing back next rate hike to 2023

- A + A (June 23): Opposition politicians in Singapore won’t support the government’s plan to proceed with a goods and services tax (GST) hike amid inflationary concerns. The Workers’ Party on Wednesday (June 22) said it “cannot support” the decision to raise the consumption-based tax and will “continue to argue” against any proposed increase. The statement, posted on the party’s Facebook page, came after Deputy Prime Minister Lawrence Wong said the timing of the tiered tax hike won’t be revised despite concerns over mounting price pressures. The tax is set to rise to 8% from 7% in January next year and then to 9% in 2024. Inflation in the trade-reliant business hub has surged, leading the Monetary Authority of Singapore to tighten monetary policy three times in the past eight months. The core inflation print for May, to be announced on Thursday, is expected to climb further from a decade-high of 3.3% in April, according to a Bloomberg survey. Earlier this … [Read more...] about Singapore opposition politicians won’t support GST hike plans

(The Jakarta Post) PREMIUM Jakarta   ● Thu, June 23 2022 The government plans to raise the royalty on tin in a bid to gain more revenue amid surging commodity price, the Energy and Mineral Resources Ministry said on Tuesday. In doing so, the government will replace the previous flat royalty of 3 percent of the selling price – based on Government Regulation No. 81/2019 – with a progressive rate that increases with higher prices obtained by producers. “We are discussing this, running price simulations so that our country can acquire more revenue,” Ridwan Djamaluddin, the ministry’s coal and mineral resources director general, told lawmakers in a hearing with House of Representatives Commission VII, which oversees energy, mining, industry and research. to Read Full Story SUBSCRIBE NOW Starting from IDR 55,500/month Unlimited access to our web and app content e-Post daily digital newspaper No advertisements, no interruptions Privileged access to our … [Read more...] about Govt plans tin royalty hike, ingot export ban

Share to Twitter Share to Linkedin One of store-based retail's last bastions, Primark, is to trial a click-and-collect service in the U.K. in its first significant move into online shopping. Yet the move by the fast fashion giant comes with plenty of caveats. The retailer said that it will launch the trial at 25 stores in the north-west of England by the end of the year, but added that the pilot would only include children’s apparel and accessories. Primark-owner ABF said as part of a trading update Monday: “We have chosen a much-expanded range of children’s products for this trial, which we believe has the potential to satisfy unfulfilled demand, driving footfall from both existing and new customers to deliver incremental sales in store.” Customers will be able to order from about 2,000 items online, representing around 40% of the range, including nursery furniture, apparel and licensed products. This move reflects the company’s aim to attract … [Read more...] about Primark Trials Online Sales At Last But Warns Of Price Hikes

Share to Twitter Share to Linkedin Topline The Biden administration launched a partnership with 11 state governors Thursday to accelerate offshore wind along the East Coast, a key component of Biden’s larger climate plan, and a departure from former President Donald Trump’s dismissal of renewable energy as “expensive” and bad for birds. Key Facts The partnership announced Thursday between the White House and state governors from Maine, New Hampshire, Massachusetts, Rhode Island, Connecticut, New York, New Jersey, Pennsylvania, Delaware, Maryland and North Carolina, intends to boost offshore wind energy projects along the East Coast. Offshore wind is a critical component of Biden’s larger climate goal of deploying 30 gigawatts of offshore wind energy by the end of the decade, estimated to power 10 million homes and cut carbon dioxide emissions by 78 million metric tons. White House officials say the partnership will “accelerate offshore … [Read more...] about Biden Partners With East Coast Governors To Accelerate Offshore Wind—Here’s How It Fits Into His Climate Plan

Ray Dalio - A + A (June 23): Billionaire investor Ray Dalio said it's naive for anyone to think the Federal Reserve's plan to raise rates quickly to quell inflation will "make things good again." It's simply not how the economic machine works, Dalio wrote on LinkedIn on Wednesday, Market Insider reported. "While tightening reduces inflation because it results in people spending less, it doesn't make things better because it takes buying power away," he wrote, Dalio, who is the founder of Bridgewater, the world's largest hedge fund with more than $150 billion assets under management, added: "It just shifts some of the squeezing of people via inflation to squeezing them via giving them less buying power," Market Insider reported. Siow Chen Ming … [Read more...] about Market Insider: Billionaire investor Ray Dalio says it’s naive to think the Fed’s rate hikes ‘will make things good again’