Be grateful the Fed is not the ECB

The Federal Reserve is meeting again this week to decide what to do about interest rates. Earlier this year, it surprised everyone by pausing indefinitely its recent run of rate hikes. All indications are that the pause will continue. This is to the central bank’s credit. The Fed is a deeply flawed institution, but its record since 2008 suggests a willingness to think broadly, to adapt, and to seriously weigh ordinary Americans’ need for jobs and wages. By contrast, the other most powerful central bank in the world — the European Central Bank — spent the last decade running much of the continent into the ground in single-minded pursuit of… Read More

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Google will let Android users choose a rival browser to avoid further wrath from the EU

Google is going to make it easier for Android users in Europe to select competing browsers and search apps. It follows Google being fined a record $5 billion last year after it was found in breach antitrust laws for abusing the dominance of its Android operating system. The EU is expected to slap Google with a third antitrust fine in as many years later today. Google is rolling out a major change to its Android phones after being found in breach of EU antitrust laws last year — and ahead of a suspected new penalty later on Wednesday. In July 2018, the EU’s antitrust watchdog slapped Google with a $5… Read More

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Joe Biden is about to ruin his reputation

It seems pretty clear Joe Biden is going to run for president, joining the roughly Graham’s Number of declared Democratic candidates so far. As a former vice president, Biden is now part of the global oligarchy, complete with preposterous speaking fees and an extensive entourage, and from that perspective one last run for president probably sounds like a topping idea. But it will be hard, and possibly catastrophic for his reputation. If he knows what is good for him, Biden shouldn’t run. The most immediate problem for Biden personally is that he has #MeToo written all over him. As my colleague Matthew Walther writes, there are already vast compilations of… Read More

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US and China plan high level trade talks amid fears tariff war could wipe $1 trillion off economy

US and Chinese officials are set to meet for high level talks with hopes of securing a deal at the end of April after a difficult patch of negotiating. Tensions were raised after the US Chamber of Commerce indicated that should tariffs increase, $1 trillion could be wiped off the economy in the next decade. US futures are trading up ahead of the Federal Reserve’s policy decision Wednesday after a mixed day of trading in Asia. Hopes for a US-China trade war deal have been boosted by confirmation that high level talks will continue despite recent difficulties. The ongoing dispute has been shaky in recent months after President Trump’s abrupt… Read More

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Bayer plunges after jury finds its Roundup weedkiller caused cancer

Bayer’s shares dropped 12% after a jury found a customer developed cancer from using its Roundup weed-killer. The finding comes after another jury found Bayer’s Monsanto unit failed to warn customers of the potential cancer risks of its weed-killers. Shares in Bayer plunged 12% in morning trading after a San Francisco jury found one of its customers developed cancer after using its Roundup weed killer in his yard. The decision strikes another blow to the German pharmaceuticals group. In August, a jury ordered its Monsanto unit to pay $289 million after determining it failed to warn customers of the potential cancer risks of two of its weedkillers, Roundup and Ranger… Read More

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Angry Birds AR can make the franchise fun again

Game studio Rovio Entertainment just dropped a trailer for its upcoming iOS game, _Angry Birds AR: Isle of Pigs_. The clip, which you can watch below, shows how you can catapult your crew of feathered friends into droves of evil pigs, with the game’s visual elements overlaid on top of real-world objects around you, like a table at a cafe. This is Rovio’s second attempt at making an AR-enabled Angry Birds title after it released a demo version for Magic Leap headset last year. Looking at the trailer, I feel that this installment might make the Angry Birds franchise exciting… This story continues at The Next Web …read more Source::… Read More

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