Kxwm Diana Ross sings Happy Birthday to Beyonce 769; during the Los Angeles stop of her Renaissance tour
For much of 2024, it appeared the Federal Reserve had successfully navigated a tricky line, tempering the hottest inflation in four decades whi stanley cup le keeping the U.S. economy from sinking into a recession. But recent weak economic data is prompting some economists to caution that the nation isn t out of the danger zone just yet.One economic indicator sparking fears of a so-called hard landing was thedisappointing jobs report on August 2, which showed that the unemployment rate jumped to 4.3% in July from 4.1% in the prior month. That climb triggered the Sahm Rule, or when the three-month moving average of the national jobless rate rises 0.5 percentage points above its prior 12-month low.Because the Sahm Rule has historically signaled the start of a recession, Friday s data fueled a three-day market rout that led to the SP 500 s worst trading day in nearly two years. Economists, meanwhile, say that stanley cup while the Sahm rule doesn t appear to be accurate this time around in calling a recession, they are seeing rising risks the economy could slip into a contraction. stanley cup It s not that the macroeconomic fundamentals are much weaker, Gregory Daco, chief economist at EY-Parthenon, told CBS MoneyWatch. But given the tightening of financial conditions, the likelihood of a recession has increased. Other economists are also flagging the heightened possibility of a recession, with Goldman Sachs on August 7 increasing its 12-month recession risk from 15% t Xrhj Growing number of elementary schools now homework-free
PORTLAND, Ore. - So far, 25 people have been arrested in connection with the standoff between a militia and federal officials on a federal wildlife preserve in Oregon.As the FBI sweeps in to collect evidence from the scene of the occupation, officials are discovering the dirtier aspects of living in a remote wildlife ref salomon uge that may come back to haunt the occupiers.The group that moved in to the Malheur Wildlife Refuge near the town of Bend set up a large outdoor camping site that, according to Reuters, was near artifacts and sacred burial grounds of the Burns Paiute Tribe. af1 CBS affiliate KOIN in Portland reports the campsite had large food stores that are spoiling and significant amounts of human feces in and around an outdoor camping area. Armed militia takeover in Oregon 24 photos Additionally, FBI agents found large amounts of firearms and explosives, and are concerned some of nike dunk the abandoned cars may by booby-trapped. Federal prosecutors said Wednesday nine additional people from six states have been charged in connection with the armed occupation of the wildlife refuge.The U.S. Attorney s Office in Oregon says seven of them were arrested Thursday and two remain at large. That means a total of 25
