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NEWS - WEDNESDAY, APRIL 24, 2024 - NEWS
As sprawling pro-Palestinian protests and encampments escalate on university campuses across the United States, administrators respond with more discipline. LA Times
VOA VIEW: The US is being taken over by liberal Palestinian terrorists.
Supreme Court seems unwilling to support L.A. couple's claim that the wife's constitutional rights were violated when her noncitizen husband was denied a visa. LA Times
VOA VIEW: Good!
As state amendments continue to go the way of the pro-abortion movement, Florida could become the first state to strike down a proposal that would protect the procedure in the state's constitution. Newsmax

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Prime Minister Rishi Sunak said on Tuesday he would put the British defense industry on a war footing, announcing 10 billion pounds ($12.43 billion) of extra long-term funding for munitions in light of the war in Ukraine. Newsmax
VOA VIEW: Smart move - it pays to be ready than sorry.
Google fired at least 20 more workers in the aftermath of protests over technology the company is supplying the Israeli government amid the Gaza war, bringing the total number of terminated staff to more than 50, a group representing the workers said. Newsmax
VOA VIEW: As they should.
The judge overseeing Donald Trump's New York criminal trial told Trump's lawyer Tuesday he is "losing all credibility" as he considered whether the former president should be punished for violating a gag order that prevents him from publicly criticizing witnesses and others... Newsmax
VOA VIEW: The judge is the one losing all credibility.
Former President Donald Trump shared an article on Truth Social that claims special counsel Jack Smith lacks the standing to defend the Washington, D.C., Circuit Court ruling on presidential immunity before the Supreme Court. Newsmax
VOA VIEW: Smith is known as a foolish clown.
The United States is preparing a $1 billion military aid package for Ukraine, the first to be sourced from the yet to be signed Ukraine-Israel bill, two U.S. officials said Tuesday. The aid package includes vehicles, Stinger air defense munitions, additional ... Newsmax
VOA VIEW: It's better than $69B.
Former President Donald Trump blamed the rising chaos at college campuses on President Joe Biden, saying he has "no message" and "no compassion." "What's going on at the college level and the colleges, Columbia, NYU and others, is a disgrace," Trump told reporters outside a ... Newsmax
VOA VIEW: A truism.

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If NATO chooses to strengthen its eastern flank in the face of Russia's increasing militarization, Polish President Andrzej Duda said his country is "ready" to host nuclear weapons on its territory. Newsmax
VOA VIEW: An once of prevention is a good idea.
In a Supreme Court showdown over whether the homeless have a “right” to camp in public, almost no one mentioned the actual victims of that crazy idea -- everyone who’s not homeless. New York Post
VOA VIEW: The SC has this one right.
Danny Werfel, commissioner of the Internal Revenue Service, has shed light on the agency's plans to incorporate artificial intelligence to improve services for taxpayers and enhance fraud detection. Washington Times
VOA VIEW: Not a good idea.
President Biden will deliver the commencement address at Morehouse College where some faculty members have raised concerns about the choice, prompting officials to fear protests by teachers and students. Washington Times
VOA VIEW: No-one wants to here his BS.

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The Supreme Court has scheduled a special session to hear arguments over whether former President Donald Trump can be prosecuted over his efforts to undo his 2020 election loss to President Joe Biden. Washington Times
VOA VIEW: Dems do it all the time and especially to Trump in 2016.
Secretary of State Antony Blinken is starting three days of talks with senior Chinese officials in Shanghai and Beijing this week with U.S.-China ties at a critical point over numerous global disputes. Washington Times
VOA VIEW: Blinken is an idiot.
A $8 billion defense package approved by the U.S. House of Representatives over the weekend will "strengthen the deterrence against authoritarianism in the West Pacific ally chain," Taiwan's President-elect Lai Ching-te said Tuesday, in a reference to key rival China. Washington Times

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Simmering tensions between Beijing and Washington remain the top worry for American companies operating in China, according to a report by the American Chamber of Commerce in China released Tuesday. Washington Times
VOA VIEW: As they should.
In a jailhouse interview published Monday, Michael Avenatti laid into the case currently being tried now in New York against former President Donald Trump, calling it "absolute overkill" and election interference. Washington Times
VOA VIEW: Avenatti is looking for something.
Follow live updates as former President Donald Trump's criminal trial resumes in New York. CBS
VOA VIEW: A total flop.
Over 100 victims of Larry Nassar, who was convicted of sexual abuse and child pornography, will receive a settlement from the Justice Department. CBS
VOA VIEW: Why should taxpayers' foot the bill?
Trump made 10 social media posts that were "threatening, inflammatory," prosecutors said, arguing he should pay a fine for each post. CBS
VOA VIEW: Simply BS.

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In November 2023, NASA's Voyager 1 spacecraft stopped sending "readable science and engineering data." CBS
UnitedHealth said it paid the criminals behind attack that crippled hospitals and pharmacies to protect sensitive patient data. CBS
VOA VIEW: The hacker should be caught and charged to the fullest extent.
In the wake of a deadly shooting at Nashville's Covenant School, Tennessee lawmakers have introduced a polarizing bill that would permit teachers to carry firearms in classrooms. CBS
VOA VIEW: It makes sense.

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Demonstrations have spread to campuses across the country with pro-Palestinian supporters angry over Israel’s war in Gaza and many Jewish students expressing fear after incidents of antisemitism. CBS
VOA VIEW: Biden is doing nothing.
Former President Donald Trump could receive a large windfall from his newly public media company, Trump Media & Technology Group. CBS
The decision came after jurors failed to reach a unanimous decision after more than two full days of deliberation. CBS
VOA VIEW: Good!
The disclosures show how TikTok officials lobbied Congress and President Joe Biden's executive office last quarter. CNBC
VOA VIEW: TikTok is trying to buy its control.
Just under half of all workers say they would be in favor of a ban on talking politics in the office, a new CNBC survey finds. CNBC
VOA VIEW: It does have some merit.
Students at New York City walked out of class Tuesday following the arrests of more than 100 at an anti-Israel demonstration last night that turned violent. FOX News
VOA VIEW: They should be jailed.
President Joe Biden will travel to Florida on Tuesday afternoon to discuss abortion rights in the state. UPI
VOA VIEW: Florida does not need anything from Biden.
The Federal Trade Commission said it will vote on Tuesday on a new rule that could ban noncompete clauses in contracts. UPI
VOA VIEW: What color of law would make this constitution?
The United Methodist Church is opening its General Conference, on Tuesday in North Carolina, to reshape the country's largest Protestant denomination in the hopes of slowing historic splintering over LGBTQ+ rights. UPI
VOA VIEW: Sad!

VOA VIEW -- Is the opinion of "Voice of Americans", which is a private entity not affiliated in any way with the United States government or any of its agencies. The opinions expressed here, in whatever medium or format, are not necessarily the opinions of the ownership or advertisers of this web site - 0415.


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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%.