The Federal Reserve announced on Wednesday that it will hold interest rates steady at 0.25 to 0.5 percent. It made the same choice back in January, after raising rates off the 0 to 0.25 percent floor in December.
This was how the 10 voting members on the Fed were widely expected to rule, but the vote breakdowns are interesting. Both the December and January decisions were unanimous. Today's vote included one dissenter, who wanted to hike again to the 0.5 to 0.75 percent range. What's striking is that even Stanley Fischer, who is arguably the ring-leader of the Fed's inflation hawks, was one of those voting to hold fire.
The lone dissent by Esther George could be seen as a sign that the January agreement to hold off is cracking. But a gradual rise in interest rates this year is also largely seen as a fait accompli, and their next chance to hike interest rates another notch will come in June. And there aren't that many Fed meetings each year. So it seems equally possible that hiking rates in December — on the assumption that inflation and wages would continue increasing as the economy gains strength — is something even the hawks are having second thoughts over. Jeff Spross
On Tuesday, lawyers representing Kentucky high school student Nicholas Sandmann and his parents filed a federal defamation lawsuit against The Washington Post, seeking $250 million in damages. Why $250 million? That's what Amazon founder Jeff Bezos paid for the Post in 2013. The lawsuit accuses the Post of publishing "no less than six false and defamatory articles" on a standoff in Washington, D.C., last month between Sandmann and his Covington Catholic High classmates, a group called the Black Israelites, and Native American advocate Nathan Phillips.
Among the Post's allegedly defamatory actions was quoting a statement from the Covington Catholic dioceses criticizing the students, reporting that Phillips said he felt threatened and heard the students chant "build the wall," describing Sandmann's facial expression as "a relentless smirk," and printing the "gist" that Sandmann "assaulted and/or physically intimidated Phillips" and "instigated a confrontation with Phillips and subsequently engaged in racist conduct."
Over three days in January, "the Post engaged in a modern-day form of McCarthyism by competing with CNN and NBC, among others, to claim leadership of a mainstream and social media mob of bullies which attacked, vilified, and threatened Nicholas Sandmann, an innocent secondary school child," the complaint alleges. "The Post ignored basic journalist standards because it wanted to advance its well-known and easily documented, biased agenda against President Donald J. Trump by impugning individuals perceived to be supporters of the president." The lawsuit was not filed to "further a political agenda," Sandmann's lawyers added.
One of the questions the court will decide is whether Sandmann was a private figure or a limited-purpose public figure who participated in a public march and sought publicity on his own, Jon Fleischaker, general counsel for the Kentucky Press Association, told The Cincinnati Enquirer. And Sandmann's lawyers will have to cite verifiable facts, not opinions. "We are reviewing a copy of the lawsuit, and we plan to mount a vigorous defense," said Post spokeswoman Kristine Coratti Kelly. Peter Weber
Scientists were thrilled to discover 10 rare burrowing owls earlier this month in an unexpected location: the edge of Los Angeles International Airport.
Several decades ago, the airport bought a development called Surfridge and demolished all of the houses. The empty land became the 302-acre LAX Dunes Preserve, which is now home to 900 plant and animal species, many of them endangered. Scientists say that the owls — the most seen there in 40 years — are a sign that a restoration project that began in the 1990s is a success. "This is very exciting — a real stunner," biologist Pete Bloom told the Los Angeles Times.
Planes roar over the fenced-in preserve, which is not open to the public. Volunteers coordinate with the airport to come in and clean up invasive weeds, helping make the preserve a place where different species can settle. In addition to the burrowing owls, researchers have recently spotted El Segundo blue butterflies, as well as California gnatcatchers, Blainville's horned lizards, and six legless lizards. They were overjoyed by that discovery, as legless lizards are hard to find and haven't been studied much. Catherine Garcia
CNN has hired Sarah Isgur, a longtime Republican political operative and recent Justice Department spokeswoman, as a political editor helping to steer the network's 2020 campaign coverage. The hire, first reported by Politico, caught CNN's editorial staff by surprise, not just because her résumé is full of partisan advocacy but also because it contains no experience in journalism or managing a TV news operation. She has also publicly disparaged the news media, including CNN. "It's extremely demoralizing for everyone here," one CNN editorial staffer told The Daily Beast.
CNN officials said Isgur will be one of several editors directing coverage of the Democratic primary and President Trump's re-election campaign at the network, reporting to political director David Chalian, and she'll also occasionally offer analysis on air. She will apparently not be involved in coverage of the Justice Department. TV networks often hire political operatives and politicians as analysts and program hosts, but it is very rare to bring them on to direct political news coverage.
Before joining the Trump administration as the top spokeswoman for former Attorney General Jeff Sessions, Isgur served as a political adviser to Ted Cruz and Mitt Romney, was deputy communications director at the Republican National Committee, and served as deputy campaign manager for Carly Fiorina's presidential campaign. Thanks to comments she made about Trump while working for Fiorina, she had to personally pledge loyalty to Trump before he would allow Sessions to hire her, The Washington Post reported in April 2018. Peter Weber
After denying it for years, the federal government admitted that it shares the Terrorist Screening Database — better known as the terrorist watch list — with private entities, The Associated Press reports.
The Council on American-Islamic Relations filed a lawsuit on behalf of several Muslims who say that because their names are wrongfully on the list, they have had to deal with harassment at airports and scrutiny from law enforcement. In September, a government lawyer said during a pre-trial hearing that the Terrorist Screening Center "does not work with private partners" and the list is "considered law enforcement sensitive information and is not shared with the public."
Earlier this month, Terrorist Screening Center Deputy Director of Operations Timothy Groh admitted in a written statement that 1,441 private groups have been granted access to the watchlist. Groh said that in order to receive permission, an organization must be somehow connected to the criminal justice system, AP reports. The government will not reveal how many people are on the list, but has said there are hundreds of thousands of names added every year, and names are regularly removed.
While the list is supposed to only include the names of known or suspected terrorists, critics say people are routinely added that have no ties to terrorism, and this hurts them. A lawyer for the Council on American-Islamic Relations, Gadeir Abbas, has asked that the government explain in court which groups have access to the list, and what they are doing with it. "We've always suspected that there was private-sector dissemination of the terror watchlist, but we had no idea the breadth of the dissemination would be so large," he told AP. Catherine Garcia
Don Newcombe, a star pitcher for the Dodgers, died Tuesday, following a long illness. He was 92.
Dodgers president Stan Kasten said in a statement that Newcombe's "presence and life established him as a role model for major leaguers across the country. He was a constant presence at Dodger Stadium and players always gravitated toward him for his endless advice and friendship." Sandy Koufax said Newcombe was "a mentor at first, a friend at the end. He will be missed by anyone who got to know him."
After getting his start in the Negro Leagues, Newcombe broke barriers as one of the first black pitchers in Major League Baseball. Newcombe played for 10 seasons, starting with the Brooklyn Dodgers in 1949, and in 1956 he won the inaugural Cy Young Award and National League MVP. Following his retirement, Newcombe disclosed that he had a drinking problem, and after becoming sober in the 1960s, he raised awareness about alcohol abuse. He later worked with the Dodgers as director of community affairs and later special adviser to the team's chairman. Catherine Garcia