The Fed

Two genetic men will be in the Miss Universe contest this week in San Salvadore.

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"Gaza militants who attacked an all-night music festival in southern Israel shot and killed revelers at point-blank range, then looted their belongings, new car dashcam video verified by CNN reveals."
How did 'murderers' morph into 'militants?'

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China says that its relationship with the U.S. "will determine the future of humanity."

Let's all think about that.

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The Fed

What are the practical elements of the Federal Reserve? What do interest rates really do? That is, what do interest rates "target?" They target the price of money, the ease of borrowing and expansion. That is, work. Hiring.

So rates go down, money loosens up, and mortgages and borrowing become more affordable. People borrow to buy and furnish homes--or build new ones. People borrow to start and expand businesses. And, thus, work increases.

And raising rates does the opposite.

So, the Fed is manipulating rates to manipulate the job market. And raising rates intentionally targets workers, by policy. Lowering rates artificially creates the environment for unstable jobs, raising rates reclaims those jobs and damages collateral, stable ones.