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Central bankers pride themselves on being the grown-ups of economic policy. They want it known they’re basing their decisions on sound economics rather than political considerations. They wish not to be pushed around by what traders in financial markets and cable news pundits want. Or even by the president of the United States. But what if the grown-ups make a mistake? This week, at a two-day policy meeting ending Wednesday, Federal Reserve policymakers will, implicitly, be discussing whether they’ve raised interest rates too much, too soon. The way things have evolved in the past few weeks, both in financial markets and in the economic data, it increasingly looks as if the Fed’s four rate increases last year pushed the cost of borrowing mo.
With the federal government ramping up scrutiny of the power, influence and market dominance of the world’s largest technology companies, one crucial question will be whether any of the inquiries develops into a criminal investigation. Unlike a civil inquiry, which can result in a monetary penalty, a criminal investigation would ratchet up the pressure on Google, Facebook, Amazon and Apple and could result in significant fines along with efforts to break them up. The Justice Department and Federal Trade Commission have divvied up antitrust oversight of the tech giants, and congressional committees are investigating whether they have stifled competition and hurt consumers.
PARIS — Aymen Arfaoui strapped on a plastic Uber Eats bag and checked his cell phone for the fastest bicycle route before pedaling into the stream of cars circling the Place de la République. Time was money, and Arfaoui, a nervous 18-year-old migrant, needed cash. “I’m doing this because I have to eat,” he said, locking in a course that could save him a few minutes on his first delivery of the day. “It’s better than stealing or begging on the street.”Arfaoui has no working papers, and he would pocket a little more than half that day’s earnings. He said he owed the rest to a French bicycle courier who considered Uber Eats’ terms too cheap — just under $4 per order, plus a bit for mileage — to do the work himself. The Parisian courier had ou.
The first thing greeting those entering Twitch's downtown San Francisco headquarters, even before they approach the company's imposing, lit-up logo affixed to an exposed brick wall, is a large TV screen. Arranged on it nine tiles — a collage of nine feeds of Twitch users streaming on the platform at that moment, in real time. There are a few of these monitors arranged around the office in high-traffic spaces; they might display gamers as they play Fortnite or The Legend of Zelda. Or you might see other users or brands, or even parent company Amazon, streaming E-sports games, "social eating," movie marathons or knitting.
New state-based accounts that let disabled people work and save money without risking the loss of government aid are slowly catching on. But advocates say millions more people with disabilities could be taking advantage of the accounts. California, 40 other states and the District of Columbia now offer the accounts, which first became available in 2016. The tax-free accounts, known as Able accounts, are named after the Achieving a Better Life Experience Act, the 2014 law that created them. The accounts are modeled somewhat after 529 college savings accounts and let people with disabilities save for future needs and current expenses, including education, housing and transportation, without having the money disqualify them for need-based fede.
If you thought the Walt Disney Co. would stop and catch its breath after opening its hugely popular Star Wars: Galaxy’s Edge attraction last month, think again. The Disneyland Resort has moved full steam ahead on building next year’s planned expansion, a land at California Adventure Park that will be home to the superheroes of Marvel comics and movies. The city of Anaheim has approved a handful of building permits for projects such as a bathroom overhaul, a retail outlet, a microbrewery, a character meet-and-greet area, plus improvements to behind-the-scenes buildings. The construction permits assess the value of the work so far at more than $14 million. One of the permits approved last week allows a 2,071-square-foot merchandise outlet, wi.
Samsung Galaxy S8. Cnet rating: 4.5 stars out of 5. The good: The best-looking phone around crushes it in performance, battery life, water-resistance and wireless charging. An external storage slot lets you keep more photos, videos and music. The bad: Its awkwardly placed fingerprint reader leads to camera smears and longer unlock times, which is aggravating when you use it to unlock your phone dozens of times a day. The cost: $400 to $500. The bottom line: The speed and fantastic curved screen help, but the annoying fingerprint reader could sour your experience. LG G7 ThinQ. Cnet rating: 4.0 stars out of 5. The good: The waterproof LG has an AI camera that gives your photos a boost before you snap them. The phone has a secondary wide-angle rear.
Three of the nation’s major drug manufacturers sued the Trump administration Friday to block a rule that would force them to put the price of their drugs in television advertisements beginning this summer. The lawsuit, filed Friday in federal court in Washington, D.C., by Merck, Eli Lilly and Amgen, as well as a trade group for advertisers, argues that the rule is illegal because it violates the companies’ First Amendment rights.
WASHINGTON — The Justice Department is moving closer to approving T-Mobile’s $26 billion merger with Sprint, but only if the companies sell multiple assets to create a new wireless competitor, according to three people familiar with the plan. If such an arrangement is approved, it could weaken an effort by attorneys general from nine states and the District of Columbia to halt the blockbuster deal with a suit that they filed this week. The department is pushing T-Mobile and Sprint to sell a prepaid mobile service and valuable radio frequencies that carry data to wireless devices, the people said.
Businesses and the government have spent years installing millions of surveillance cameras across the United States. Now that technology is on the verge of getting a major upgrade, the American Civil Liberties Union warns in a new report. Advancements in artificial intelligence could supercharge surveillance, allowing camera owners to identify “unusual” behavior, recognize actions like hugging or kissing, easily seek out embarrassing footage and estimate a person’s age or, possibly, even their disposition, the group argues. “We face the prospect of an army of AI security guards being placed behind those lenses that are actually, in a meaningful way, monitoring us, making decisions about us, scrutinizing us,” said Jay Stanley, senior policy
Comic book fans have plenty of digital options to choose from these days, with apps for independents, manga and political cartoons as well as libraries from giants like DC and Marvel. But the fractured nature of the business means readers have to visit several sites to fill their needs. Enter Graphite, a free digital service from Graphic Comics that hopes to put them all under one roof. Graphite went live this week. The impetus for the company was a simple one, said Graphite CEO Michael Eng: “There is no solution right now that serves comics in all its forms.”The goal of the service is to offer digital comics from all formats, including the work of independent creators and major publishers, and make it all free. The content will include ad.
Seniors in major metropolitan areas, especially in the Northeast and around Washington, D.C., are more likely to continue working past age 65 than those in other areas around the country, according to an analysis of Census data by the Associated Press-NORC Center for Public Affairs Research. "Those are the areas where all of the jobs are, really," says Anqi Chen, assistant director for savings research at Boston College’s Center for Retirement Research.
For decades, the phrase “No. 1 with a bullet” has referred to a song or album that zooms to the top of the Billboard charts. Given current music industry practices, “No. 1 with a T-shirt” may be more accurate. Lately, many artists — and their record companies — have been trying to game the system of ranking musical hits by including free downloads of new albums with sales of concert tickets, clothing and other merchandise. It’s a widespread practice, and the result is some confusion about what, exactly, the weekly charts are measuring. Now some of the very people who have taken advantage of this strategy are complaining about it, and Billboard is under pressure to change the rules governing its charts. The use of album bundles — tacking a d.
President Trump’s aggressive and wildly unpredictable use of tariffs is spooking American business groups, which have long formed a potent force in his Republican Party. Corporate America was blindsided last week when Trump threatened to impose crippling taxes on Mexican imports in a push to stop the flow of Central American migrants into the United States. The two sides reached a truce Friday after Mexico agreed to do more to stop the migrants.

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