News list for " century"
On November 16, US prosecutors said convicted Archegos Capital Management founder Bill Hwang should be sentenced to 21 years in prison.
Claudia Sahm, a former Federal Reserve economist and chief economist at New Century Advisors, said in an interview on Friday: "Since the last Fed meeting, I...
On September 8, 2024, the China-US "Working Group on Intensified Climate Action in the 2020s" meeting was held in Beijing. The meeting was co-chaired by Liu Zhenmin, China's Special Envoy for Climate Change Affairs, and John Podesta, Senior Adviser to the US President on International Climate Policy. The two sides continued discussions on addressing the climate crisis, including the implementation of their respective 2030 Nationally Determined Contributions and the preparation of their respectiv...
Claudia Sahm, chief economist at New Century Advisors and a former Fed economist, believes there is absolutely a case for the Fed to cut rates by 50 basis points in September. "There is absolutely a case for cutting rates by 50 basis points, especially if you think you should have started cutting rates by 25 basis points in July," the Sam Rule proponent said in an interview. She believes the Fed cannot be blamed for information or data it did not have at some point in the past, especially now th...
Claudia Sahm, founder of Sahm Consulting and chief economist at New Century Advisors, shared her insights on the U.S. economy. Despite heightened fears of a recession, Sam emphasized that the current labor market is still showing strength, indicating that the economy may not yet be in recession.
Sahm Consulting的创始人兼New Century Advisors首席经济学家Claudia Sahm分享了她对美国经济的见解。尽管对经济衰退的担忧加剧，但萨姆强调，目前的劳动力市场仍然显示出强劲，这表明经济可能尚未陷入衰退。
Claudia Sahm, the chief economist of New Century Advisors, the founder of the Sam Rule, personally wrote that the US economy is not yet in recession, but it is "disturbingly close to recession", and it is time for the Federal Reserve to cut interest rates. Claudia Sahm said that the risk of recession has increased, which strengthens the case for the Federal Reserve to cut interest rates. The increase in unemployment over the past year, as stated in the Sam Rule...
On July 11, Bill Hwang, founder of Archegos Asset Management, was criminally charged for his company's 2021 bankruptcy. A two-month trial ended on Wednesday with the guilty verdicts of Bill Hwang and co-defendant Patrick Halligan, the chief financial officer. Bill Hwang, 60, pleaded not guilty to one count of conspiracy to defraud, three counts of fraud and seven counts of market manipulation, but was convicted on 10 of the 11 counts. Now, each conviction carries a maximum sentence of 20 years i...
A recent Bankless podcast discussed the potential advantages of authoritarian regimes in the 21st century. Economist Noah Smith and Ethereum co-founder Vitalik Buterin elaborated on the potential of blockchain to enhance democratic resilience through secure, anonymous communication and verifiable voting. Vitalik Buterin emphasized that comparing the information environment to Thomas Hobbes' concept of war of "all against all", monopoly control narratives may become the only stable equilibrium. T...
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