From a Wall Street Journal online article:
He became one of the most unpopular Fed chairmen in history for pushing interest rates as high as 20% to break the soaring inflation that consumed the U.S. economy in the 1970s. But his actions succeeded in bringing inflation, making Mr. Volcker one of the most successful central bankers in history.
Paul Volcker, who defeated runaway inflation as Federal Reserve chairman in the 1980s, establishing the importance to the economy of an independent central bank, and whose “Volcker Rule” became a controversial element of postcrisis banking regulation in the Obama administration, has died at 92 years old.
Mr. Volcker died Sunday at his home following a long illness, his family said.
Mr. Volcker served in government across Democratic and Republican administrations for almost three decades in roles guiding monetary policy and overseeing the nation’s financial system.
ThredUp, which sells brands ranging from American Eagle Outfitters to Burberry, may prove to be a beneficial partner to many retailers. A separate report from Accenture Strategy and Fashion For Good found that recommerce operating margin for the luxury, premium and mid-market sectors was 39%, 28% and 22%, respectively.
platform ThredUp.
“The jury was unanimous in celebrating this inventive solution to reconfiguring a dilapidated Japanese colonial house.
Political advertising is flourishing online, but federal guidelines regulating those ads are virtually absent. WSJ’s Emily Glazer explains why Facebook, Twitter and Google are making their own rules.
The percentage of boomers who own a pet grew from 50% to 54% between 2008 and 2018. Among the oldest boomers — those between 70 and 74 — the percentage of pet owners rose from 41% to 45%. In contrast, the percentage of pet owners between the ages of 18 to 39 dropped from 63% to 61% during that time frame. Among consumers 40-54, the percentage of pet owners held steady at 64%.
Syndicated columnist Mark Shields and New York Times columnist David Brooks join Judy Woodruff to discuss the week’s political news, including how the first House Judiciary Committee hearing on impeachment affected the case against President Trump, what Trump’s contentious visit to a NATO summit means for U.S. foreign policy and the fallout from Sen. Kamala Harris’ withdrawal from the 2020 race.
Health spending in the U.S. grew to $3.6 trillion in 2018, according to a new report from the federal government. The rate of growth — 4.6% — was up slightly from 2017’s 4.2%, despite the fact that nearly a million more Americans lacked insurance.
Omega-3s have a variety of health benefits that consumers want. Consuming omega-3s is suggested to help fight against depression, anxiety, mental decline and heart disease as well as promote brain health during early child development. Expect several omega-3 enhanced beverages in 2020.
Part 2 of our series on pivotal moments in the lives of the 2020 Democratic presidential contenders. Michael Barbaro speaks with Bernie Sanders, the democratic socialist senator from Vermont.
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