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Kyle C. Garrison

1492 Posts
The U.S. Seems to Be Dodging a Recession. What Could Go Wrong?

The U.S. Seems to Be Dodging a Recession. What Could Go Wrong?

With inflation falling, unemployment low and the Federal Reserve signaling it could soon begin cutting interest rates, forecasters are becoming increasingly optimistic that the U.S. economy could avoid a recession.Wells Fargo last week became the latest big bank to predict that the economy will achieve a soft landing, gently slowing rather than screeching to a halt. The bank’s economists had been forecasting a recession since the middle of 2022.Yet if forecasters were wrong when they predicted a recession last year, they could be wrong again, this time in the opposite direction. The risks that economists highlighted in 2023 haven’t gone…
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Dormitory Fire Kills 13 in Central China

Dormitory Fire Kills 13 in Central China

A fire in the dormitory of a kindergarten and elementary school in central China killed 13 people, Chinese state-owned news media reported on Saturday.A 14th person was being treated for injuries in a hospital after the fire broke out on Friday night, China Central Television said. Firefighters were called at 11 p.m., and the blaze was extinguished by 11:38, according to the television report, which also said that the head of the school had been taken into custody. The CCTV report provided no further details, including whether any of the dead were children.A teacher from the school told an online…
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With Harsh Anti-L.G.B.T.Q. Law, Uganda Risks a Health Crisis

With Harsh Anti-L.G.B.T.Q. Law, Uganda Risks a Health Crisis

For decades, Uganda’s campaign against H.I.V. was exemplary, slashing the country’s death rate by nearly 90 percent from 1990 to 2019. Now a sweeping law enacted last year, the Anti-Homosexuality Act, threatens to renew the epidemic as L.G.B.T.Q. citizens are denied, or are too afraid to seek out, necessary medical care.The law criminalizes consensual sex between same-sex adults. It also requires all citizens to report anyone suspected of such activity, a mandate that makes no exceptions for health care providers tending to patients.Under the law, merely having same-sex relationships while living with H.I.V. can incur a charge of “aggravated homosexuality,”…
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Medvedev’s 3.40am finish is latest absurd example of why tennis has to change

Medvedev’s 3.40am finish is latest absurd example of why tennis has to change

It happened again. Of course it did.Two tennis players, starting near midnight, battling nearly to sunrise in front of a scattering of fans, with a squad of kids in their early teenage years scurrying after balls at nearly four in the morning. Last year it was Andy Murray duelling with Thanasi Kokkinakis until the night sky began to lighten at around 4am. On Thursday, and into Friday, it was Daniil Medvedev of Russia and Emil Ruusuvuori of Finland doing the tennis version of the 2am jazz set. “I would not have stayed,” Medvedev said in an on-court interview after he completed his…
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Astrobotic’s Peregrine Moon Lander Burns Up in Earth’s Atmosphere

Astrobotic’s Peregrine Moon Lander Burns Up in Earth’s Atmosphere

Jan. 19: This article was updated to include information from a news conference the day after it was first published.A spacecraft that was headed to the surface of the moon has ended up back at Earth instead, burning up in the planet’s atmosphere on Thursday afternoon.Astrobotic Technology of Pittsburgh announced in a post on the social network X that it lost communication with its Peregrine moon lander at 3:50 p.m. Eastern time, which served as an indication that it entered the Earth’s atmosphere over the South Pacific at around 4:04 p.m.On Friday, the United States Space Command confirmed the destruction…
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A Fed Governor Reiterates That Rate Cuts Are Coming

A Fed Governor Reiterates That Rate Cuts Are Coming

A prominent Federal Reserve official on Tuesday laid out a case for lowering interest rates methodically at some point this year as the economy comes into balance and inflation cools — although he acknowledged that the timing of those cuts remained uncertain.Christopher Waller, one of the Fed’s seven Washington-based officials and one of the 12 policymakers who get to vote at its meetings, said during a speech at the Brookings Institution on Tuesday that he saw a case for cutting interest rates in 2024.“The data we have received the last few months is allowing the committee to consider cutting the…
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In Guatemala, New Utopian Neighborhood? Or a Testament to Inequality?

In Guatemala, New Utopian Neighborhood? Or a Testament to Inequality?

Try going for a stroll in much of Guatemala City: It is a pedestrian’s nightmare.Motorcycles speed down crowded sidewalks. Rifle-grasping guards squint at each passerby, sizing up potential assailants. Smoke-belching buses barrel through stop signs.But tucked within the chaotic capital’s crazy-quilt sprawl, there is a dreamlike haven where none of that exists.In the City of Cayalá, a utopian domain created by one of Guatemala’s richest families, the streets are quiet and orderly, the stores are upscale and the homes attainable — if only to families from the country’s small, moneyed elite, or foreigners, like the American diplomats stationed at the…
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