Does the US economy need a rate cut?

The Federal Reserve is expected to cut interest rates for the first time since 2008 on Wednesday.

from BBC News - Home https://ift.tt/3308xJ1

Comments

Post a Comment

Popular posts from this blog

U.S. nuns demand action to end ‘culture of silence’ on abuse

Vatican City • The largest U.S. association of Roman Catholic nuns urged its members Monday to report any sexual abuse of religious sisters by clergy and demanded that church authorities “take action to end a culture of silence, hold abusers accountable and provide support to those abused.” The Leadership Conference of Women Religious, which represents about 80 percent of Catholic sisters in the U.S., issued a statement Monday in response to an Associated Press report about several sisters coming forward recently to denounce assaults by priests and bishops. The LCWR said it didn’t have data on incidents in the U.S. but thanked the sisters for speaking out. “We understand that reporting abuse requires courage and fortitude. However, bringing this horrific practice to light may be the only way that sexual abuse by those in positions of trust in the church community will be put to an end,” the association’s statement said. The conference has about 1,300 members in 300 orders. LCWR s...
Read more

Whatever Happened to Salt Lake City’s Manhattan Club?

Image
Michael Eccleston and Katy Willis spent months searching for a place in Salt Lake City to open an arcade-themed bar. Then a friend suggested they look at the old Manhattan Club on the corner of 400 South and Main. The 7,000-square-foot space was not only the right size and price, it also came with a built-in piece of Salt Lake City history. “We love old things and old places,” said Willis, “and one of the things we’re excited about is keeping this space as a bar.” Their Quarters Arcade Bar, expected to open in early 2018, will become the newest chapter in the colorful story of this beloved basement bar. The rich history started in 1910, when mining magnate John J. Daley built the New Grand Hotel. During its first 20 years in business, the basement hosted a rotating list of businesses, including a cafe, a bank, a bakery, a drugstore, a pool hall and a fraternal club. Since 1930, the space that extends under Main Street and today’s TRAX trains has been a bar. Initially it was the Br...
Read more