Fed announces interest rate hike

Share to Twitter Share to Linkedin Topline A highly watched economic indicator with a good track record in predicting recessions cut its forecast for second-quarter gross domestic product growth this week, implying the nation has fallen into a technical recession despite economists widely calling for a return to growth in the second quarter. Key Facts The Federal Reserve Bank of Atlanta’s GDPNow model on Thursday projected the U.S. economy shrank 1% in the second quarter, slipping into negative territory after economic data showed consumer spending dropped in May, while domestic investments, another component of GDP growth, also fell. The model, which estimates GDP growth using a methodology similar to the one used for the Bureau of Economic Analysis’ official estimates, has been steadily trimming its second-quarter GDP forecast based on updated economic data that’s fueled concerns of a prolonged economic downturn in recent weeks. The … [Read more...] about Are We Already In A Recession? Yes, According To Fed Indicator With ‘Excellent’ Track Record

A company tasked with caring for some of Colorado’s sickest people failed to consistently provide basic services like insulin injections for more than a year before state and federal authorities intervened, as its profit-driven leaders recruited more clients than they could handle, former employees allege. The Denver Post spoke to seven former employees and board members of InnovAge, a Denver-based elder care provider, and reviewed hundreds of pages of lawsuits, federal inspection reports and whistleblower complaints. All painted a picture of an organization so focused on growth that it continued signing up new people — including some homeless Denver residents who didn’t qualify — while struggling to serve clients it already had. The Colorado Department of Health Care Policy and Financing announced in December that it would no longer pay for InnovAge to care for new clients covered by Medicaid in the Program of All-Inclusive Care for the Elderly, or PACE, which offers services … [Read more...] about Denver’s InnovAge was struggling long before Medicare stopped paying

Share to Twitter Share to Linkedin Telluride ( elevation: 8,750' ) is a town like no other. Seated at the edge of a box canyon, with the soaring crags of Colorado's San Juan range soaring overhead, it is quite certainly the stuff of postcards. There are few other places, even in this rugged part of the Rockies, with views quite like this. But no destination matches this level of scenery with a commensurate degree of hustle and bustle. In winter, there's world-class skiing at its namesake resort . Throughout the summer, there's climbing, biking, food festivals and top acts headlining an endless parade of outdoor concerts. When it comes to wintersport the secret is out: the mountain consistently tops lists of the country's best. The gondola linking main street to the mid-mountain village shuttles more than 2.5 million passengers, annually. In exceeding number, visitors have even stumbled upon the fact that summer may be even more sensational here. They … [Read more...] about Savor The Flavors Of Telluride, Colorado In Autumn

Share to Twitter Share to Linkedin Topline Former New York City mayor Rudy Giuliani posted an advertisement for MyPillow sandals on Twitter late Thursday, sparking ridicule and marking merely the latest bizarre move for Giuliani. Key Facts Giuliani tweeted an image of the MyPillow sandals, offering a $30 discount on the shoes using promo code “RUDY.” The 78-year-old Giuliani’s personal discount code brings down the price for the sandals down from $79.98 to $49.98, still a hike from the $29.95 price tag the viral Pillow Slides they appear to be a riff on. Giuliani, who served as former President Donald Trump’s personal attorney, is closely allied with MyPillow founder and CEO Mike Lindell, who supported Giuliani and Trump’s false claims of fraud in the 2020 election. Giuliani has a history of hatching odd schemes, including selling an autographed T-shirt commemorating the September 11 terrorist attacks for $911 last year … [Read more...] about Rudy Giuliani Lands New Gig: MyPillow Influencer