Federal Reserve officials acknowledge that they need to do a better job on recruiting diverse candidates, noting that central bank policy-making would benefit from a wider array of perspectives. “We’re not at all satisfied with where we are,” Fed Chairman Jerome Powell told Congress on Wednesday. A New York Times piece last month noted that of the Fed’s 870 total Ph.D. economists, only 11 are Black. In other words, Black voices make up only 1% of an institution’s economic team… Source link

Bloomberg Real Estate Investors Desperate to Spend $250 Billion Hoard (Bloomberg) — Investors with a record hoard of money to finance distressed commercial real estate are finding themselves in a tough spot: There’s nowhere to spend it.The massive wave of defaults expected after the coronavirus shuttered offices, hotels and stores last year has so far failed to materialize. Now, as the U.S. economy swings from pandemic lows to a vaccine- and stimulus-induced rebound, the window of… Source link

The Guardian With world watching Derek Chauvin’s trial, focus will be on officer who ‘betrayed his badge’ Analysis: the trial over the killing of George Floyd may be a bellwether for racial justice, but the prosecution will focus on one man’s actions A demonstrator outside the Hennepin county government center in Minneapolis, Minnesota Monday. Photograph: Nicholas Pfosi/Reuters For all the many thousands of protests around the world, the global reckoning on racism and policing prompted by… Source link

Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Monday, March 29, 2021 Wall Street pros see gains, but modest gains With the S&P 500 (^GSPC) closing at an all-time high on Friday and the first quarter coming to a close this week, investors and traders are asking where the stock market is headed next. Though, when are they not? Overall, the tone on Wall Street is a modestly bullish one thanks to bullish expectations for the economy. At Barclays,… Source link

TipRanks 3 Big Dividend Stocks Yielding at Least 8%; Analysts Say ‘Buy’ We’ll talk about dividend stocks, but we’ll get there through tax policy. The connection is simple: Government spending is going up, as exemplified by the $1.9 trillion COVID stimulus bill passed this month. Stimulative cash infusions into the economy are likely to boost consumer spending, and there are worries that the Biden Administration has no plans to pay for its increased spending. Several tax proposals made… Source link

The New York Times An Alliance of Autocracies? China Wants to Lead a New World Order. President Joe Biden wants to forge an “alliance of democracies.” China wants to make clear that it has alliances of its own. Only days after a rancorous encounter with U.S. officials in Alaska, China’s foreign minister joined his Russian counterpart last week to denounce Western meddling and sanctions. He then headed to the Middle East to visit traditional U.S. allies, including Saudi Arabia and Turkey,… Source link

GlobeNewswire 8 Key Factors to Prepare Your House for Selling Sky Marketing tells 8 key points to keep in mind when selling your house. 8 Key Factors to Prepare Your House for Selling Sky Marketing tells 8 key points to keep in mind when selling your house. Islamabad, Pakistan, March 29, 2021 (GLOBE NEWSWIRE) — Selling a house is not an easy task. There are many factors that clients value when deciding on a home or another: the price, the location, the size, etc. But one of the most important… Source link

A majority of Americans disapprove of President Biden’s handling of immigration issues and believe that, overall, the situation along the U.S.-Mexico border has gotten worse since Biden took office, according to a new Yahoo News/YouGov poll. The poll, which surveyed 1,606 U.S. adults between March 22 and 25, found that 62 percent of respondents believe there is a “crisis” at the Mexican border, a word Biden administration officials have bent over backwards to avoid in recent days, as… Source link

Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. EXCLUSIVE: The National Cybersecurity Center and Google on Monday are launching a training program for state lawmakers and their staff in all 50 states to best prepare them for cyber threats ahead of the 2022 midterm elections, FOX Business has learned. The initiative, Cybersecurity for State Leaders, will include nonpartisan trainings intended to prepare lawmakers and statehouse staff “to be vigilant… Source link

GlobeNewswire Blast Auxiliary Classic AC Reviews: Why is this Desktop AC trending in the United States? – By Apex Reviews Blast Auxiliary Classic AC Review – Feature and Specifications, Pros and Cons; Everything you need to know. Blast Auxiliary Classic AC Reviews: Why is this Desktop AC trending in the United States? – By Apex Reviews Blast Auxiliary Classic AC Review – Feature and Specifications, Pros and Cons; Everything you need to know. Kwung Tong, Hong Kong, March 29, 2021 (GLOBE… Source link