Categories
Politics

The Political Calculations Behind DeSantis’s Migrant Flights North

Ron DeSantis, Florida’s Republican governor, this week surpassed his Texas counterpart Greg Abbott by sending two planeloads of migrants to Martha’s Vineyard in Massachusetts — the culmination of a months-long campaign to troll essentially liberal cities and states by displacing many asylum seekers into these communities.

The airlift, a DeSantis spokeswoman said in a statement, “was part of the state’s relocation program to transport illegal immigrants to places of refuge.”

She added, “States like Massachusetts, New York and California will better facilitate the care of these individuals whom they have invited to our country by encouraging illegal immigration through their designation as ‘protected states’ and supporting the policies of the create an open border for the Biden administration.”

Of course, there is no such “open border”. Many of these migrants apply US asylum laws, which give them the opportunity for a court hearing to determine whether they are eligible to remain in the United States, as thousands did during the Trump administration and the Obama administration before that. And in most cases, they were arrested by federal law enforcement officers or turned themselves in so DeSantis was able to put them on planes in the first place.

“Playing politics with people’s lives is what governors like George Wallace did during segregation,” said Rep. Seth Moulton, a Massachusetts Democrat. “Ron DeSantis is trying to earn George Wallace’s legacy.” Moulton was referring to the “Reverse Freedom Rides” of 1962, when segregationists made false promises of jobs and housing to entice black Southerners to move north. Moulton, who briefly ran for president in 2020, generally accused Republicans of using immigration as “political football.”

The deeper problem is this: Congress has spent decades failing to revise the country’s immigration laws, which both parties recognize are utterly inconsistent with what is happening along the US-Mexico border. They differ greatly only in the proposed remedies.

But the political calculations for DeSantis and Abbott are pretty straightforward. Immigration is a powerful motivational issue for Republican-based voters, nationally, and particularly in border states like Arizona and Texas.

My colleague Astead Herndon discusses this topic on the latest episode of his podcast, The Run-Up. It’s a deep dive on the 10th anniversary of the so-called Republican autopsy of the 2012 election, in which GOP insiders called for a complete rethink of their party’s strategy on immigration and Latino voters.

As DeSantis surely knows — and he’s by all accounts a shrewd politician who tuned his ear to the GOP base’s id — Donald Trump basically did the opposite of what that autopsy recommended. During his 2016 presidential bid and long after, he made frequent and aggressive political use of Latino migrants, labeling many of them “criminals” and “rapists” during his presidential announcement at Trump Tower.

And DeSantis, who is likely to roll for re-election in the fall, is busy amassing an impressive war chest for purposes that remain both obscure and obvious. For months he’s been quietly courting Trump donors on the pretense of including her in his campaign for governor, while making sure never to stick his head too far over the parapet — lest Trump tries to steal him from his proverbial ones to slap shoulders.

Rick Tyler, a former adviser to Senator Ted Cruz’s presidential campaign, said the DeSantis flights to Martha’s Vineyard were “maybe” smart politics in the context of a Republican primary, but he added, “I find it cynical to use real people as political.” Stunt figures for positioning in a presidential chess game.”

White House press secretary Karine Jean-Pierre slammed the Texas and Florida governors for deliberately trying to create “chaos and confusion” in a way that was “disrespectful of humanity.” She said Fox News was notified in advance, but the White House was not.

“It’s a political ploy,” she said. “That’s what we’re seeing from governors, especially Republican governors. It’s a cruel, inhumane way of treating people who are fleeing Communism, people who are – and we’re not just talking about people, we’re talking about children, we’re talking about families.”

A report in The Vineyard Gazette, a local newspaper, reports how the migrants arrived on the island and were greeted by “a coalition of emergency management officials, faith groups, nonprofit organizations and county and city officials” who organized food and shelter for the new arrivals.

Other Democrat-run enclaves like Washington, DC and New York City have asked the federal government for help processing and housing the thousands of migrants that DeSantis and Abbott have theatrically foisted on them. Last week, Washington Mayor Muriel Bowser declared a state of emergency for the nearly 10,000 migrants busted there from Texas. Eric Adams, her counterpart in New York, said Wednesday that the city’s emergency shelter system “is nearing breaking point.”

On Thursday morning, two buses dropped off a group of 101 migrants outside Vice President Kamala Harris’ home – a poisoned political chalice sent by Abbott, who tweeted, “We’re sending migrants into their backyard to ask the Biden administration to do its job.” & secure the border.”

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As an indicator of how strongly Republicans believe this issue is among their constituents, even Arizona Gov. Doug Ducey, a relatively dovish man who has taken a stand against Trump over his bogus stolen election claims in 2020, is now chiming in. Ducey, who rejected strong pressure from Senator Mitch McConnell, the minority leader, to run for the Senate, is said to harbor presidential ambitions of his own.

The Massachusetts press described DeSantis’ move as a challenge to Governor Charlie Baker, a Republican whose future plans remain in flux. Baker, a moderate Northeast in the mold of previous Bay State GOP governors like Mitt Romney and Bill Weld, would have little hope of a presidential primary against DeSantis or, for that matter, Trump.

Trolling is a novel political tactic. But the general phenomenon of migrant distribution around the country is not entirely new, as my colleague Zolan Kanno-Youngs has written. As the Obama administration faced a tide of unaccompanied minors flooding facilities along the border in places like McAllen, Texas, the Department of Health and Human Services housed thousands of the children in cities across the country.

And after the protest movement in Syria turned into a vicious civil war in 2011, many Republican governors began opposing the housing of refugees in their states.

Trump also seized on this issue, calling for “a total and complete ban on the entry of Muslims into the United States until our country’s officials can figure out what’s going on” — and then attempted to implement that policy in one of his first steps as president .

Gil Kerlikowske, a former Customs and Border Protection Commissioner in the Obama administration, woke up Thursday morning to find border officials following him to his home on Martha’s Vineyard.

Kerlikowske learned that migrants had been dropped off on the island when he went to the barber’s on Thursday morning and overheard people asking why the United States was unable to secure the Southwest border.

He reminded other customers that even during the George W. Bush administration, thousands of migrants crossed the border.

“It just shows the ignorance of DeSantis,” Kerlikowske said, advising the governor to pressure members of Florida’s congressional delegation to pass new immigration laws instead. “If he wanted to highlight where the problem is, he should have sent her home to Marco Rubio and Rick Scott.”

President Biden has been pushed back from his left because some stakeholders say he is continuing Trump’s immigration policies. On Wednesday, the American Civil Liberties Union criticized Biden after a Reuters report revealed the government had asked Mexico to take in more migrants from Cuba, Nicaragua and Venezuela as part of a policy introduced during the coronavirus pandemic.

Christina Pushaw, a DeSantis campaign spokeswoman, said, “The governor has spoken publicly for months about transporting illegal migrants to sanctuaries.” She pointed out that in this year’s state budget, DeSantis received $12 million from the Florida Legislature for the transfers had requested.

“But what we didn’t know in the campaign was that the goal was going to be Martha’s Vineyard or that it was going to happen yesterday,” Pushaw said. “We learned that from media reports.”

Zolan Kanno-Youngs and Peter Baker contributed coverage.

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Categories
Business

‘The economic system is braking exhausting,’ says billionaire Barry Sternlicht

The US economy is teetering on the brink of a serious downturn if the Federal Reserve doesn’t put the brakes on its rate hikes, said billionaire CEO Barry Sternlicht.

The central bank has already raised interest rates four times this year and is widely expected to raise them by 75 basis points next week to tame inflation. Earlier this week, consumer prices rose 0.1% instead of the 0.1% fall economists polled by Dow Jones had been expecting.

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However, Sternlicht believes the Fed came in too late and is now too aggressive.

“The economy is decelerating sharply,” the chairman and CEO of Starwood Capital Group told CNBC’s “Squawk Box” on Thursday.

“If the Fed keeps going like this, they’re going to have a serious recession and people are going to lose their jobs,” he added.

Consumer confidence is terrible and CEO confidence is “lousy,” Sternlicht said. Supply chain issues are being resolved, and stocks are now backing up in warehouses, which will result in huge discounts, he said.

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“The CPI, the data they’re looking at, is old data. All they have to do is call Doug McMillon at Walmart, call one of the real estate guys and ask what’s happening with our apartment rents,” he said, noting that rental growth is now slowing.

The continuation of interest rate hikes will also cause a “big crash” in the real estate market, Sternlicht predicted. The once-hot housing market is slowing fast, with mortgage rates on a 30-year term loan up over 6% — up from 3.29% at the start of the year, according to Mortgage News Daily.

While the Fed’s target is 2%, inflation should be 3% to 4%, Sternlicht said.

“Inflation fueled by wage growth is fabulous. We should want wages to go up,” he said.

Interest rates are rising – how to protect your money

“You can pay higher rents, you can buy your equipment, you can go out to restaurants if you have big pay increases.”

Sternlicht believes it is imminent when the “serious recession” will hit.

“I find [in the] fourth quarter. I think now,” he said. “You’ll see cracks everywhere.”

Correction: Doug McMillon is CEO of Walmart. A previous version misspelled his name.

Categories
Health

U.S. monkeypox outbreak is slowing, CDC director says

Monkeypox continues to spread across the United States, but the pace of new cases has slowed in recent weeks, Dr. Rochelle Walensky, director of the Centers for Disease Control and Prevention, told lawmakers on Wednesday.

While the virus is still spreading rapidly in certain regions of the U.S., the rise in new monkeypox cases across the country and globally has slowed in recent weeks, she told the Senate Committee on Health, Education, Labor and Pensions Wednesday.

“We approach this news with cautious optimism,” she said at a hearing.

The US is working to contain the world’s largest monkeypox outbreak, with more than 22,600 cases in all 50 states, Washington DC and Puerto Rico, according to CDC data.

The disease is rarely fatal but causes painful lesions that resemble pimples or blisters. According to Walensky, there has been one confirmed death in the United States as a result of the disease.

The Jynneos vaccine, manufactured by Danish biotech company Bavarian Nordic, is the only approved monkeypox vaccine in the United States. Two doses are given 28 days apart, and CDC officials say getting the second shot is crucial for those at risk. After the second dose, it takes two weeks for the immune system to reach its maximum response.

People with monkeypox should stay home until the rash has healed and a new layer of skin has formed, maintain a safe distance from other people, and not share objects or materials with others, CDC guidelines say.

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World News

Ukraine Information: Zelensky Visits a Metropolis Simply Miles From the Entrance, Underscoring Ukraine’s Features

BELGOROD, Russia — Military trucks and armored personnel carriers spray-painted with the letter Z rumble through intersections, and groups of men in camouflage gear walk the streets shopping for military items like thermal underwear. Refugees are pouring out of areas in Ukraine recently lost to the enemy.

The sounds of nearby explosions have become a regular occurrence in Belgorod, 25 miles from the Ukrainian border, and concerned shopkeepers are calling the police and reporting imaginary bomb threats, a sign of paranoia beginning to spread. Residents are expressing concern about what’s to come next, with some even speculating that Ukrainian troops could make a move they’ve been avoiding for nearly seven months and enter Russian territory.

“It’s like they’re already here,” an ashen-faced woman told a vendor in the city’s central market after the sound of an explosion.

President Vladimir V. Putin has tried to keep life as normal as possible for most Russians as he wages his war in Ukraine and make hostilities a distant memory. But with Ukrainian forces now on the offensive, Belgorod residents feel war is on their doorstep.

“There are so many rumors, people are scared,” said Maksim, 21, a trader at the market.

He sold thermal underwear, camouflage jackets and other sporting goods that once belonged to hunters and fishermen but are now being bought up by soldiers and their families. Like most other residents interviewed for this article, he declined to give his full name for fear of retribution.

Tension prevailed at the market, a maze of stalls selling clothing, household goods and military equipment. Although the city of Belgorod is not under direct attack, Russia’s military air defenses intercept missiles in the distance. The sounds of explosions ring out, and in the Komsomolsky district, houses and property are hit with debris.

Recognition…Valerie Hopkins/The New York Times

On Monday, a college of teachers, a shopping mall and a bus station held evacuation drills as officials assured concerned civilians at the scene that the drills were planned in advance. The regional administration is evacuating towns and villages along the border as they come under Ukrainian fire. Denis, a local businessman, recently paid someone to dig a 10-foot-high bomb shelter in his backyard.

Many residents of the city fear that the risks to their safety are growing.

“We’re scared, and it’s especially hard when you work with children,” said Ekaterina, 21, a kindergarten teacher who said shrapnel fell on the school earlier this week. “The kids are running around yelling ‘rockets,’ but we tell them it’s just thunder.”

While most Belgorod residents support the government in Moscow and the war effort, some express frustration that the rest of Russia still lives as if it is not fighting an all-out war.

“How are they not ashamed!” exclaimed a middle-aged woman named Lyudmila from the Komsomosky district.

“In Moscow, they celebrate City Day, while here blood is spilled,” she said, referring to a city-wide celebration last week honoring the founding of the Russian capital that included fireworks and the ceremonial opening of a large Ferris wheel by Mr Putin . “Here everyone is worried about our soldiers, while there everyone is partying and drinking!”

Even those supporting the war effort have privately expressed frustration that the Kremlin insists on calling it a “special military operation” when they can see it is a full-blown war. Many are wondering if there will be a draft, and if so, how soon.

The refugees arriving from Ukraine also make the reality of the war clear.

Thousands of people have arrived from eastern Ukraine in recent months, particularly last week when Ukrainian troops retook areas in the northeast held by Russian soldiers. Some were worried about living under the control of the Ukrainian government in Kyiv, while others, particularly those who had acquired Russian passports or accepted jobs in the occupation administration, feared being treated as collaborators, according to activists who help them leave the country .

Recognition…Valerie Hopkins/The New York Times

“They tried to live their lives, work in hospitals, schools and shops, but this site understands this as cooperation with the occupiers,” said Yulia Nemchinova, who has been helping refugees in Belgorod. Ms Nemchinova, who holds pro-Russian views, left her native Kharkiv just across the border in 2014 after her husband had legal troubles with Ukrainian authorities.

But she also said many people felt shocked and effectively betrayed by a Russian army they saw as liberators, but which is now on the run in the face of a full-scale Ukrainian offensive.

“You were promised: Russia is here forever,” said Ms. Nemchinova.

As journalists and investigators uncover evidence of atrocities and human rights abuses committed by Russians during the occupation, those who recently fled to Belgorod say the retreating Russian army told them to leave because of possible retaliation.

In interviews in Belgorod, people who fled an area recently recaptured from Ukraine said they feared that when the Ukrainian army entered the local administration building, the soldiers would find the lists of people who received jobs or humanitarian aid from the Russian interim administration had accepted and were assigned penalties for collaboration. People were also afraid because Ukraine passed a law punishing cooperation with the occupation authorities with 10 to 15 years in prison.

A woman named Irina said her boyfriend, a former Ukrainian border guard, posted his personal information to a Telegram group that purported to name collaborators.

“There’s no going back,” Irina, 18, said in an interview at a clothes bank where newly arrived refugees collected clothes and food. Her mother and sister stayed in their village, and she said she hoped the Russians would reoccupy it soon.

In Belgorod, a city of 400,000, fears of Ukrainians crossing the border would have been unthinkable a decade ago. For years, Russians in Belgorod regularly traveled the 50 miles to Kharkiv – Ukraine’s second largest city with a pre-war population of 2 million – to party, eat and shop. Many families are spread across the border.

“Belgorod was in total shock,” said Oleg Ksenov, 41, a restaurant owner who has spent the past few months evacuating people from battlefields in Ukraine and taking them to Russia. “We love Kharkiv.”

Recognition…Valerie Hopkins/The New York Times

Viktoriya, 50, who owns a cafe and bakery in the city, said that Kharkiv is a “megapolis” in the minds of all Belgorod residents.

“We had a joke: if you want to meet people from Belgorod, go to the Stargorod restaurant in Kharkiv at the weekend,” she said.

The relationship worked both ways. In the years after Russia instigated a separatist war in Ukraine’s eastern Donbass region, Ukraine enacted stricter laws on speaking Ukrainian rather than Russian in public. That prompted Russian speakers from Kharkiv to travel to Belgorod to watch films in Russian, said 44-year-old businessman Denis.

Now the two cities are effectively separated by a front line.

“It’s a tragedy of tectonic proportions,” he said. “It touches every person from Belgorod. Every family is connected to Ukraine.”

His aunt Larisa had just arrived over the weekend from Liman, a town in the Donetsk region occupied by the Russian army at the end of May. Since then it has had no electricity, gas or running water, and she said more than 80 percent of the housing stock has been destroyed.

In early May, a rocket—she didn’t know from which army, although she blamed Ukraine—hit her apartment building. Then, at the end of the month, the Russians came.

“I was so lucky to wait for her,” said Larisa, 74, in Surzhik, a dialect that’s a mix of Ukrainian and Russian.

Now their home is the scene of fierce front-line fighting. She said she had trouble walking and struggled to get down to the basement every time the air raid siren sounded.

Recognition…Valerie Hopkins/The New York Times

As the fighting drew closer, she said, she knew she had to get out because she no longer wanted and was afraid of being ruled by Kyiv.

Mr. Ksenov, who was born in Kharkiv but made Belgorod his home more than a decade ago, has devoted his time to helping civilians flee Ukraine to Russia. He worries about what will happen to the people from the border regions of both countries in the long term.

“This slaughter will eventually end,” he said of the war in an interview at his restaurant, whose windows are covered with plywood in case of a bomb attack.

“But who will we be? How will we look into each other’s eyes?”

Anastasia Trofimova contributed to the coverage.

Categories
Entertainment

Florentina Holzinger Makes Everybody Uncomfortable

BERLIN – In a rehearsal hall on the outskirts of the city, Xana Novais hung on his teeth. On a recent night, the tattooed 27-year-old actor hung inches off the ground, bit down on a piece of leather hanging from a rope, and perfected a new skill called “Iron Jaw”. It didn’t look easy.

Novais was practicing for a sequence in Ophelia’s Got Talent, a new work by Austrian choreographer Florentina Holzinger, which premieres Thursday at Berlin’s Volksbühne. As part of the performance, which mixes dance, stunts, and sideshow-inspired acts, Novais was expected to hang like a fish on a hook for about half a minute. But after 20 seconds she let go, settled and grimaced. “This is about learning to deal with complaints,” she said.

Discomfort is central to the work of Holzinger, 36, who has recently become a star of the European dance and performance world by pushing the boundaries of what performers – and audiences – can endure. Holzinger, whose interest in physical extremes stems from her own training as a dancer, has found recognition for work that features large casts of nude female performers and explores sublime ideas about art and gender, while showing acts that sometimes involve bodily fluids that erase that limits of good taste.

In “Apollon,” a 2017 play that explores the work of choreographer George Balanchine and notions of artist and muse, performers bled and defecated onstage. “A Divine Comedy,” a 2021 riff on Dante’s epic poem about the circles of hell, included a scene in which a woman ejaculates explosively while using a vibrator. Perhaps unsurprisingly, many of her performances are interrupted by spectators walking out.

Ophelia’s Got Talent – an exploration of myths and tales about women and water, including mermaids, sirens and the tragic, drowning character from Hamlet – is the first of several original works Holzinger is creating under a multi-year agreement with the Volksbühne , one of the most influential theaters in the German-speaking world.

René Pollesch, the theater’s artistic director, said he was drawn to Holzinger’s work in part because she was interested in showcasing a variety of strong female performers, including older women and women with disabilities, who put on daring and challenging performances on stage accomplish. “This is radical feminism, not reform feminism,” he said.

Holzinger, who has a self-deprecating wit and the physical intensity of a boxer, explained in an interview that during the show she and her cast would thread fish hooks through their skin and hold their breath underwater for up to five minutes. At one point, she said, performers would form the shape of a fountain and spurt water from their noses. “It’s going to be a beautiful picture,” she said.

She added that while she drew inspiration from dance history, mythology and action films, including the James Bond franchise, she viewed the stage as a “laboratory” where supposedly taboo acts could be freely performed. “I might be able to educate people about what forms of shame are necessary and which aren’t,” she said.

Living under capitalism encourages individuals to perfect themselves, Holzinger said, adding that her work was about the way this shaped women’s bodies. “We’re in a society where you can buy and create your own femininity and tweak yourself in whatever way the system wants you to be,” she said. In her work, she added, she tried to find “unexpected” ways to use the body that was conditioned by social pressures to look and move a certain way.

Barbara Frey, the artistic director of the Ruhrtriennale, a major arts festival in Germany that commissioned Eine Divine Comedy, said Holzinger created a “new form” of performance that combined “dance, exuberant wit, great tenderness” and “the Roman gladiator arena” and explores “the male gaze – and the female gaze – of the female body”.

Some have compared her work to the Vienna Actionists, an Austrian art movement of the 1960s and 70s whose (predominantly male) followers staged performances in which they engaged in extreme acts, including self-mutilation, in order to confront viewers with what they were seen as repressed elements of Austrian society. Although Holzinger has previously said she takes little inspiration from the movement, her association with the Actionists, who are now a revered part of Austrian art history, helped her gain early respect in her home country, she explained.

Born in Vienna as the son of a pharmacist and a lawyer, Holzinger started dancing late. She said that shortly after beginning her training at the age of 17, she realized that it was too late for her to perfect the skills needed for a classical dancing career and that she was “too strong, too muscular for it.” Ballet” was.

After being rejected by several traditional European dance academies, she enrolled at the School for New Dance Development, an experimental school in Amsterdam, where she began exploring alternative ways of using her body as a vehicle for spectacle. “When I train my body to pee on command, I exercise control over my body,” she said. “It could be considered a form of dance technique, even if it’s not a grand jeté or tendu.”

After several eyebrow-raising collaborations with Vincent Riebeek, a Dutch choreographer, Holzinger said she reached a turning point in her career after a near-death experience during a performance at an arts festival in Norway in 2013, during which she fell from a height of 16 years had feet in the air during a stunt. Although she survived with a concussion and a broken nose, the accident caused by a loosening bolt holding her weight led her to take a more diligent approach to her work and safety.

Since then she has focused on creating her more elaborate works for all-female ensembles. Four years after the accident, she debuted with “Apollon,” a play that wrestled with what Holzinger called the “lived experience of ballet” and the “exaggerated femininity of ballerinas.” The show was widely acclaimed and toured internationally. This piece, as well as its 2019 follow-up Tanz, drew parallels between the suffering of dancers – including through the ballet shoe, which she described as an “object of torture” that often deforms and bleeds dancers’ feet – and the staged violence of less sophisticated ones Acts like sword swallowing or body hanging shows.

Finding performers for her work, she admitted, wasn’t always easy. Some, like Novais, have a theater background, while others are sex workers or supporting actresses. As part of her recruiting efforts, she said, she once advertised on Craigslist for “women with special talents.”

But her work has also attracted artists from more traditional dance backgrounds, including Trixie Cordua, 81, a former soloist with the Hamburg Ballet who has worked with John Cage. Cordua, who has Parkinson’s and sometimes uses a motorized wheelchair to move around on stage, said in a telephone interview that she was drawn to working with Holzinger because she has “the ability to combine things that don’t normally go together, to form a whole new constellation” and because of their willingness to go “very, very far”.

Holzinger said she was comfortable with the fact that the extreme elements of her works often caused people to leave her performances. “When people come to me expecting an evening of abstract postmodern dance, I totally respect their decision to leave,” she said. “I’d rather have 10 people in the audience who think it’s cool.”

Ophelia’s Got Talent
Sept. 15 to Oct. 25 at the Berlin Volksbühne; volksbühne.berlin.

Categories
Business

Pelosi Says Invoice on Investing Guidelines for Lawmakers Will Face Vote This Month

Speaker Nancy Pelosi said Wednesday that Democrats would bring legislation into the House this month that would impose new restrictions on lawmakers’ ability to buy and sell stocks.

Her announcement comes after months of negotiations over whether and how to limit personal financial activities by members of Congress that could create real or perceived conflicts of interest with their public duties. And it came a day after the New York Times published an analysis showing that between 2019 and 2021, 97 congressmen and senators or their immediate family members reported trading in stocks, bonds or other financial assets mandated by committees, who they were could have been influenced serve on.

Ms Pelosi declined to give details of the proposed legislation other than calling it “very strong”.

“We believe we have a product to launch this month,” Ms. Pelosi said during her weekly news conference at the Capitol.

In the seven months since Ms Pelosi first signaled her support for legislation to tighten stock trading in Congress, there have been few signs of legislative progress likely to pass the House. A number of slightly different bills have been proposed in both the House and Senate, some with bipartisan support.

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“For months, House and Senate leaders have promised action,” said Rep. Abigail Spanberger, a Virginia Democrat and the main sponsor of a bipartisan trade curb proposal by the Legislature. “It’s long past time to move forward.”

One version of a legal framework in the House of Representatives, outlined in a late August memo reviewed by The Times, would effectively ban lawmakers, their spouses and dependent children from trading in individual stocks, bonds, cryptocurrencies and other financial assets that are tied to specific companies.

Under the framework that forms the basis of current negotiations for a proposed law, congressmen would either have to divest these assets or place them in a blind trust in which they would have no visibility or interest. Legislators would still be allowed to invest in mutual funds, exchange-traded funds, and some other categories.

According to the memo, the new legislation would also require more detailed transaction disclosures for permitted investments — for example, by narrowing published value ranges of assets — and toughen penalties for those who evade or break the law.

“Congress can add some bite to these penalties, which will encourage compliance and result in harsher penalties for violations,” the memo said.

According to the memo, members of the Supreme Court would be subject to the same restrictions. So would senior congressional officials, according to a Democratic official in the House of Representatives.

Congressional leaders have faced increasing pressure in recent months to crack down on their peers’ financial activities. An ongoing investigation by website Insider that began last year has found 72 examples of lawmakers who have violated applicable laws by late, inaccurate or not filing transaction reports.

A poll conducted earlier this year showed that nearly two-thirds of respondents supported a blanket ban on members of Congress from trading in individual stocks. And with public confidence in Congress down to just 7 percent in June, many lawmakers are reluctant to ignore voters’ demands.

“Congress is mired in a crisis of institutional legitimacy, caused in part by reports by members of both parties who appear to be benefiting from their public trust,” wrote Noah Bookbinder, president of Washington nonprofit group Citizens for Responsibility and Ethics, in a letter on Wednesday calling for sweeping restrictions on trade by members of Congress.

In a separate news conference on Tuesday, other senior House Democrats signaled confidence that progress was being made on new trade restrictions.

Rep. Hakeem Jeffries of New York, leader of the House Democrats, said he expects legislation “soon” from Rep. Zoe Lofgren, the California Democrat who has commissioned Ms Pelosi to draft a bill that has broad support can.

It’s not clear if the Senate will pass legislation on the issue this year. A number of senators have been working on proposals, but none appear to have garnered the 60 votes required for passage by the Senate.

Oregon Sen. Jeff Merkley, who is working on one of the proposals, said Wednesday, “I am committed to getting the stock trading ban in Congress across the finish line. I’ve carried this fight for a decade and I will not let it die.”

Categories
Politics

Biden publicizes first spherical of funding for EV charging community throughout 35 states

President Joe Biden on Wednesday announced the release of the first round of funding for a nationwide electric vehicle charging network that will fund the construction of stations in 35 states.

“I’m pleased to announce that we are approving funding for the first 35 states, including Michigan, to build their own statewide charging infrastructure,” Biden said at the Detroit Auto Show, facing a barrage of electric vehicles.

Biden was a big proponent of electric vehicles, Legislative incentives signed to encourage consumers to buy and businesses to build. The bipartisan Infrastructure Act provided $7.5 billion for a national electric vehicle charging network, while the Inflation Reduction Act and the CHIPS and Science Act both contained provisions designed to encourage the development of the industry in the United States.

“They will all be part of a network of 500,000 charging stations — 500,000 — across the country installed by the IBEW,” Biden said, Referring to the International Brotherhood of Electrical Workers union.

Biden noted that his administration has poured $135 billion into developing and manufacturing electric vehicles.

“You used to have to make all sorts of compromises when buying an electric car, but not anymore,” Biden said. “Look, the great American road trip will be fully electrified, whether you’re driving coast-to-coast along I-10 or on I-75 here in Michigan, charging stations will be as easy to find as they are now.”

The lack of ubiquitous chargers remains one of the biggest obstacles to electric vehicles nationwide. The tax credits included in the Inflation Reduction Act are intended to give Americans incentives to buy electric vehicles, including first-time buyers of used electric vehicles.

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Health

What a Excessive-Threat Being pregnant Appears Like After Dobbs

Eine Schwangerschaft kann sowohl für Frauen als auch für die Föten, die sie zu gebären hoffen, gefährlich – gelegentlich tödlich – sein. Fötale Zustände, wie ein nicht lebensfähiger Zwilling, der die Gesundheit seines Geschwisters bedroht, können auch die Mutter gefährden. Dasselbe gilt für Erkrankungen wie Krebs, Herzkrankheiten, Nierenfunktionsstörungen, Diabetes und Lupus. Sogar etwas so Einfaches wie das Alter – schwanger zu werden, wenn man jünger als 17 oder älter als 35 ist – oder Zwillinge zu tragen oder mehrere Fehlgeburten in der Vorgeschichte zu haben, kann Frauen und Schwangerschaften gefährden. Aus diesem Grund betrachten so viele Geburtshelfer die Möglichkeit, eine Schwangerschaft abzubrechen, als wesentlich: Ärzte brauchen Zugang zu Abtreibungsverfahren, um sie versorgen und Leben retten zu können.

Catrina Rainey und James Packwood und ihr 9-jähriger Sohn zu Hause, im August, einen Monat vor ihrem Geburtstermin. Im Mai erfuhr Catrina, dass einer der Zwillinge, die sie trug, einen schweren Geburtsfehler im Gehirn hatte, was bedeutete, dass er wahrscheinlich nicht länger als sechs Monate außerhalb der Gebärmutter leben würde und bis zur Geburt die Lebensfähigkeit des anderen Fötus gefährden könnte. Eine Reduzierung – die Beendigung eines ungesunden Fötus zum Schutz eines gesunden Geschwisters – fand im Mai statt. Es war eines der letzten derartigen Verfahren, die in Ohio durchgeführt wurden, nachdem der Staat sie nach der Dobbs-Entscheidung für illegal erklärt hatte.

Die Abteilung für mütterlich-fötale Medizin der Cleveland Clinic, eine der größten ihrer Art im Land, ist darauf ausgerichtet, Risikoschwangerschaften und die damit verbundenen Gefahren zu bewältigen. Es verwaltet mehr als 5.000 solcher Schwangerschaften pro Jahr. Im August, weniger als zwei Monate nachdem der Oberste Gerichtshof im Fall Dobbs gegen Jackson Women’s Health Organization entschieden, Roe gegen Wade gestürzt und das verfassungsmäßige Recht auf Abtreibung abgeschafft hatte, verbrachte die Fotografin Stephanie Sinclair zwei Wochen damit, die neu verunsicherte Welt in der Cleveland Clinic festzuhalten .

Alles änderte sich am Tag der Dobbs-Entscheidung, dem 24. Juni. Am Ende dieses Freitags war ein drei Jahre altes Gesetz in Kraft getreten, ein sogenanntes „Heartbeat Bill“, das den Schwangerschaftsabbruch zu einer Straftat machte nachdem ein fötaler Herzschlag erkannt wurde. Ein Herzschlag kann im Allgemeinen in der sechsten Schwangerschaftswoche festgestellt werden, bevor viele Frauen wissen, dass sie schwanger sind; zuvor waren Abtreibungen mit Einschränkungen bis zur 22. SSW erlaubt. Plötzlich waren die meisten Kündigungsverfahren, die eine Woche zuvor von der Cleveland Clinic geplant waren, nun Verbrechen. Nur drei Ausnahmen erlaubten Abtreibungen nach dem neuen Cutoff: um den Tod der Mutter zu verhindern; um einer „ernsthaften Gefahr der erheblichen und irreversiblen Beeinträchtigung einer wesentlichen Körperfunktion der Schwangeren“ vorzubeugen; und um auf Eileiterschwangerschaften zu reagieren, bei denen sich ein befruchtetes Ei außerhalb der Gebärmutter einnistet.

Jeden Morgen treffen sich Geburtshelfer/Gynäkologen, Krankenschwestern, das Team der neonatologischen Intensivstation und Apotheker, um ihre Patienten zu besprechen. Zunehmend restriktive Abtreibungsgesetze haben Befürchtungen geweckt, dass sie nicht in der Lage sein werden, die notwendige Versorgung zu gewährleisten. Wir „wollen emotional und medizinisch das Beste für sie, und das Urteil wirkt sich darauf aus“, sagt Dr. Tristi Muir. „Entscheidungen im Gesundheitswesen können sehr komplex sein und werden am besten zwischen Arzt und Patient getroffen.“

Die Unsicherheiten darüber, wie diese Ausnahmen zu interpretieren und zu behandeln sind, bedeutete, dass das Personal der Cleveland Clinic seine Arbeit unter unklaren rechtlichen Umständen fortsetzen musste. Wie erkennt man, ob das Leben einer Mutter in Gefahr ist? Wie können Sie vorhersagen und dann beweisen, dass die Mutter potenziell irreversiblen körperlichen Schäden ausgesetzt ist? „Als Ärzte leisten wir buchstäblich einen Eid, uns um Patienten zu kümmern“, sagt Dr. Stacey Ehrenberg, die sich an der Cleveland Clinic auf Risikoschwangerschaften spezialisiert hat. „Und uns sind jetzt die Hände gebunden.“

Sobald das Heartbeat-Gesetz Gesetz wurde, könnten Routineverfahren zur Behandlung von Fehlgeburten – mit denen mindestens eine von zehn Schwangerschaften endet – als Abtreibung betrachtet werden. Die wirksamsten Medikamente, die bei Fehlgeburten verwendet werden, Mifepriston und Misoprostol, sind die gleichen, die verwendet werden, um eine medikamentöse Abtreibung herbeizuführen; Die chirurgische Entfernung der Gebärmutter ist ein weiteres Verfahren, das bei Fehlgeburten angewendet wird, das auch eine Abtreibungsmethode ist. Das neue Gesetz bedeutet, dass die meisten Patienten, die während einer Fehlgeburt in die Notaufnahme der Cleveland Clinic eingeliefert werden, 24 Stunden warten müssen, bevor sie behandelt werden – eine frühere Behandlung könnte als illegale Abtreibung angesehen werden. Dr. Ashley Brant, Geburtshelfer/Gynäkologe an der Cleveland Clinic, sagt, dass sie eine Kerngruppe von Ärzten hatten, die Abtreibungsbehandlungen anboten, die sich mit dem, was früher das Gesetz war, gut auskannten. Aber das neue Gesetz, sagt sie, „öffnet die Schleusen dafür, wer diese Art von Pflege leisten könnte.“ Ein Arzt in der Notaufnahme, der es beispielsweise gewohnt ist, Fehlgeburten mit bestimmten Verfahren zu behandeln, könnte jetzt möglicherweise gegen das Gesetz verstoßen. Dieses Risiko droht die medizinische Versorgung zu beeinträchtigen.

Dr. Maeve Hopkins mit einer Patientin vor einer Amniozentese, um frühere Hinweise aus einem Bluttest und einer Ultraschalluntersuchung zu überprüfen, dass ihr Fötus das Down-Syndrom hatte. Die Patientin, die sowohl über die finanzielle Belastung durch die Betreuung eines Kindes mit besonderen Bedürfnissen als auch über die Auswirkungen auf ihre fast zweijährige Tochter besorgt war, hatte bereits entschieden, dass sie die Schwangerschaft abbrechen würde, wenn die Diagnose des Down-Syndroms bestätigt würde, obwohl sie es getan hätte außerhalb von Ohio zu reisen, um dies zu tun.

Ohio hatte die Parameter der Reproduktionsmedizin jahrzehntelang verändert. Ärzte müssen Patientinnen, die eine Abtreibung wünschen und sich dafür qualifizieren, fragen, ob sie den fetalen Herzschlag hören oder ein Bild davon sehen möchten; Ärzte und andere medizinische Dienstleister, einschließlich Apotheker, dürfen die medizinische Versorgung aufgrund ihrer moralischen, religiösen oder ethischen Überzeugungen verweigern; Ärzte sind verpflichtet, für jeden Patienten, der einen qualifizierten Schwangerschaftsabbruch erhält, einen offiziellen Bericht an das staatliche Gesundheitsamt zu senden. Und jeder Patientin, die sich für eine Abtreibung entscheidet, muss eine 21-seitige Broschüre mit dem Titel „Fetal Development & Family Planning“ angeboten werden. Diese Veränderungen geschahen im Laufe vieler Jahre. Das Heartbeat-Gesetz trat so schnell in Kraft, dass selbst mächtige Institutionen wie die Cleveland Clinic überrascht wurden. „Ich habe fast meine gesamte Karriere in einem restriktiven Zustand gelebt und unterwegs Gesetzesänderungen erlebt, die den Zugang eingeschränkt haben, aber nicht in diesem umfassenden Ausmaß“, sagt Dr. Justin Lappen, Leiter der mütterlichen fetalen Medizin in Cleveland Klinik.

Lappen, Brant und ein Anwalt der Klinik hielten am Montag nach der Entscheidung des Obersten Gerichtshofs ein Notfalltreffen ab, um den mehr als 600 Ärzten, Krankenschwestern und Administratoren, die aus der Ferne teilnahmen, medizinische und rechtliche Hinweise zu geben. „Alle waren sehr emotional und verärgert, dass dies tatsächlich passierte“, sagt Dr. Amanda Kalan, Spezialistin für mütterliche fetale Medizin. „Die Leute, die die Gesetze machen, sind keine Ärzte, und sie verstehen die Auswirkungen all dieser Gesetze nicht.“

Megan Keeton, 31, unmittelbar nach einem Kaiserschnitt. Komplikationen aus zwei früheren Schwangerschaften – eine führte zu einer Totgeburt, die andere zur Geburt ihrer Tochter Aryia, jetzt 7, die an spastischer Quadriplegie und Zerebralparese leidet – veranlassten die Ärzte, Keeton zu sagen, dass sie wegen der Risiken für sie nicht wieder schwanger werden sollte die Gesundheit. (Sie hatte kurz nach der Geburt ihrer Tochter einen Schlaganfall.) Aber kurz bevor sie Ende letzten Jahres einen Termin vereinbaren wollte, um ihre Eileiter abbinden zu lassen, fand sie heraus, dass sie zum dritten Mal schwanger war. „Ich wurde gefragt, ob ich eine Abtreibung haben möchte, und ich sagte nein“, sagt Keeton.

Elizabeth Whitmarsh, die Kommunikationsdirektorin von Ohio Right to Life, die sich für das Heartbeat-Gesetz eingesetzt hat, bestreitet, dass das Gesetz selbst für nachteilige Auswirkungen verantwortlich ist. „Das einzige, was in Ohio jetzt nicht legal ist, ist der Mord an einem Kind“, sagt sie, als sie nach den Auswirkungen des Gesetzentwurfs gefragt wird. Der Vertreter des Bundesstaates Ohio, Adam Holmes, antwortete zusammen mit dem Kongressabgeordneten Steve Chabot und dem ehemaligen Gouverneur John Kasich nicht auf Anfragen nach Kommentaren.

Am 11. Juli, zweieinhalb Wochen nach der Dobbs-Entscheidung, stellte ein Vertreter von Ohio namens Gary Click ein aus zwei Sätzen bestehendes „Personhood“-Gesetz vor, das die Abtreibung weiter einschränken würde. Der Gesetzentwurf soll „die verfassungsmäßigen Rechte aller ungeborenen Menschen vom Moment der Empfängnis an schützen“, es sei denn, das Leben der Mutter ist gefährdet. Im Moment sagt Lappen: „Wir haben einige Patienten, die nach fünf oder sechs Wochen möglicherweise noch eine Abtreibungsbehandlung erhalten, wenn kein Herzschlag festgestellt wird.“ Aber wenn dieser Gesetzentwurf Gesetz wird, fügt er hinzu, „dann gäbe es in Ohio praktisch keine Abtreibungsbehandlung mehr auf dem Tisch.“

Mary Lynch, 36, mit ihren Kindern bei einer Untersuchung bei Dr. Stacey Ehrenberg. Lynchs frühere Schwangerschaft führte zu einem Baby mit einer tödlichen genetischen Anomalie. „Nach zwei Tagen konnten wir ihn nicht mehr leiden lassen, also verlegten wir ihn in eine Pflegestation, wo sie ihm viel Morphium gaben und ich ihn stundenlang festhielt“, sagt Lynch. Nachdem sie erfahren hatte, dass bei zukünftigen Schwangerschaften mit einer 25-prozentigen Wahrscheinlichkeit derselbe Zustand auftreten würde, entschieden sie und ihr Mann sich für eine In-vitro-Fertilisation, damit die Embryonen Gentests unterzogen werden konnten. Lynch befürchtet jedoch, dass die Verabschiedung des „Personhood Bill“ in Ohio Auswirkungen auf die IVF haben könnte, bei der befruchtete Embryonen häufig verworfen werden müssen. In diesem Fall plant Lynch, für zukünftige IVF-Behandlungen nach Illinois zu gehen.

Dr. Maeve Hopkins, eine Geburtshelferin/Gynäkologin, die sich auf Risikoschwangerschaften an der Cleveland Clinic spezialisiert hat, wuchs außerhalb von Cleveland auf und kehrte in die Stadt zurück, nachdem sie in Pennsylvania und North Carolina gearbeitet hatte. Sie hinterfragt nun ihren Umzug nach Hause. „Ich kenne keinen Geburtshelfer/Gynäkologen in Ohio, der nicht daran denkt, zu gehen“, sagt sie. US News & World Report stuft die geburtshilfliche und gynäkologische Versorgung der Cleveland Clinic derzeit als die viertbeste im Land ein, aber Dr. Tristi Muir, die Vorsitzende des dortigen Instituts für Geburtshilfe/Gynäkologie und Frauengesundheit, weist darauf hin, dass dieser Status – und sogar Noch wichtiger ist, dass die Qualität der Gesundheitsversorgung für Frauen, die Ohioans zur Verfügung steht, anfällig geworden ist: „Ärzte kommen möglicherweise nicht in unseren Staat, um zu praktizieren oder sich auszubilden.“

Sarah Stacy zu Hause in einem Kindergarten, den sie auf eine Schwangerschaft vorbereitet hatte, die mit einer Abtreibung endete. Ein Scan während ihrer 12. Woche ergab, dass ihr Fötus zystische Flüssigkeit um Kopf und Hals und Geburtsfehler des Herzens und des Gehirns hatte. Wenn sie den Fötus austragen würde, sagte man ihr, würde er nur wenige Stunden bis zu einigen Tagen überleben. In Ohio ist es illegal, eine Schwangerschaft wegen Geburtsfehlern abzubrechen, daher musste Stacy für den Eingriff alleine aus dem Bundesstaat reisen. „Ich fand heraus, dass es auch ein Mädchen war“, sagt Stacy. „Und ich habe zwei Jungs zu Hause. Es ist also so, das war mein Mädchen. Sie war geplant.“

Stéphanie Sinclair ist eine mit dem Pulitzer-Preis ausgezeichnete Fotografin, die für ihren Fokus auf Menschenrechtsfragen bekannt ist. Sie gründete Too Young to Wed, eine gemeinnützige Organisation, die sich für die Stärkung von Mädchen einsetzt und Kinderehen weltweit beendet. Jaime Lowe schreibt regelmäßig für das Magazin und ist Autorin des Buches „Breathing Fire: Female Inmate Firefighters on the Frontlines of California’s Wildfires“.

Categories
Business

NBA suspends Suns proprietor Robert Sarver for utilizing racial slurs, harassing workers

The NBA suspended Phoenix Suns and Mercury owner Robert Sarver for a year and fined them $10 million Tuesday after an independent investigation uncovered multiple violations of workplace standards of conduct.

The investigation revealed that Sarver repeated the N-word at least five times. He also made gender-related comments and inappropriate language related to female employees. He also abused employees by yelling and verbally abusing them.

The investigation also found that Suns’ human resources department was historically ineffective.

The league launched the investigation in November after an ESPN article detailed alleged wrongdoing by Sarver. The NBA hired the law firm of Wachtell, Lipton, Rosen & Katz, which reviewed more than 80,000 documents — including emails, text messages and videos — related to Sarver’s conduct.

Sarver initially called the allegations “false,” “inaccurate,” and “misleading,” while firmly denying the allegations of misconduct. In November he said: “I would very much welcome an impartial NBA investigation that could prove ours only outlet to clear my name and the reputation of an organization of which I am so proud.”

The review of Sarver’s 18-year tenure as managing partner of the teams found the results corroborated the original reporting.

“The statements and behavior described in the findings of the independent investigation are disturbing and disappointing,” said NBA Commissioner Adam Silver. “We believe that the result is correct, taking into account all the facts, circumstances and context brought to light by the comprehensive investigation of this 18-year period.”

The $10 million fine is the maximum permitted by the NBA’s constitution and bylaws. Sarver will also be banned from all NBA and WNBA facilities, events, games, practices and business activities.

“The NBA’s organizational findings are largely focused on historical issues that have been addressed in recent years,” said a statement from Suns Legacy Partners, the company that manages the Suns and Mercury. “Robert Sarver also accepts responsibility for his actions. He recognizes that his behavior during his eighteen years of ownership at times did not reflect his values ​​or those of the Suns.”

Sarver’s fine will be donated to organizations working to address race and gender issues inside and outside the workplace. During his suspension, Sarver will complete a training program on respect and proper behavior in the workplace.

“While I disagree with some of the details of the NBA report, I would like to apologize for my words and actions that have offended our staff,” Sarver wrote in a statement sent to CNBC. “I take full responsibility for what I have done. I am sorry for causing this pain and these misperceptions do not align with my personal philosophy or values.”

The findings echo revelations about former Los Angeles Clippers owner Donald Sterling, who was fined $2.5 million and banned for life after audio recordings caught him making racist remarks. The ban forced Sterling to sell the team to former Microsoft CEO Steve Ballmer for $2 billion after 33 years in ownership. Sterling’s lawsuit against the NBA was settled in 2016.

Categories
World News

Inflation is not nearly gas prices anymore, as value will increase broaden throughout the economic system

A person shops at a supermarket as inflation impacted consumer prices in New York City, June 10, 2022.

Andrew Kelly | Reuters

For most of the year, the inflation narrative among many economists and policymakers was that it was essentially a food and fuel problem. Once supply chains eased and gas prices eased, the reasoning went, this would help lower food costs and in turn ease price pressures across the economy.

However, August’s CPI figures put that narrative to the test, with widening increases now suggesting that inflation may be more stubborn and firm than previously thought.

CPI excluding food and energy prices — known as core inflation — rose 0.6% for the month, double the Dow Jones estimate, leading to a 6.3% year-on-year increase in the cost of living. Including food and energy, the index rose 0.1% on a monthly basis and a robust 8.3% on a 12-month basis.

Just as importantly, the source of the gain wasn’t gasoline, which fell 10.6% for the month. While the fall in energy prices over the summer helped dampen inflation headlines, it failed to quell fears that inflation will remain a problem for some time to come.

The expansion of inflation

Instead of fuel, it was food, shelter and medical services that drove up costs in August, levying a costly tax on those who could least afford it and raising important questions about where inflation is headed from here.

“Core inflation numbers were hot across the board. The breadth of sharp price increases, from new vehicles to medical services to rent increases, everything was sharply up,” said Mark Zandi, chief economist at Moody’s Analytics. “That was the most disturbing aspect of the report.”

In fact, new car prices and medical supplies each rose 0.8% over the month. Housing costs, which include rent and various other housing-related expenses, make up almost a third of the CPI weight and rose 0.7% on the month.

Grocery costs were also a nuisance.

The Home Grocery Index, a good predictor of food prices, rose 13.5% last year, the largest such increase since March 1979. Prices of items like eggs and bread continued their meteoric rise, fueling household budgets further charged.

For medical benefits, the 0.8% monthly increase is the fastest monthly increase since October 2019. Vet costs increased 0.9% month-on-month and 10% year-on-year.

“Even things like clothing prices, which often go down, have gone up a bit [0.2%]. My view is that if they stay at these lower oil prices and assuming they don’t bounce back, it will lead to broad inflation moderation,” Zandi said. “I didn’t change my inflation forecast to go back to it [the Federal Reserve’s 2% target] to early 2024, but I’d say I stand by that forecast with less conviction.”

Why everyone is so obsessed with inflation

On a positive note, things like plane tickets, coffee, and fruit have all come down in price again. A survey released earlier this week by the New York Fed showed consumers are less concerned about inflation, although they still expect the rate to hover at 5.7% a year from now. There are also signs that supply chain pressures are easing, which should at least be disinflationary.

Higher oil possible

But about three-quarters of the CPI stayed above 4% year-on-year with inflation, reflecting a longer-term trend that belies the idea of ​​”temporary” inflation that the White House and Fed had been pushing.

And low energy prices are not a matter of course.

The US and other G-7 countries say they intend to introduce price controls on Russian oil exports from December 5, potentially inviting retaliatory action that could lead to price hikes later in the year.

“Should Moscow halt all natural gas and oil exports to the European Union, the United States and the United Kingdom, then there is a strong possibility that oil prices will retest the highs reached in June and move the average price of ordinary gas significantly higher again currently $3.70 per gallon,” said Joseph Brusuelas, chief economist at RSM.

Brusuelas added that even if housing is in a slump and a possible recession, he thinks the price declines there are unlikely to carry through as housing has “about a good year to go before the data in this critical ecosystem”.

With so much inflation in the pipeline, the big economic question is how far the Fed will go with raising rates. Markets are banking on the central bank raising interest rates by at least 0.75 percentage point next week, which would take the fed funds rate to its highest level since early 2007.

“Two percent stands for price stability. That’s her goal. But how do they get there without breaking something,” said Quincy Krosby, chief equity strategist at LPL Financial. “The Fed is not done yet. The road to 2% will be difficult. Overall, we should see inflation continue to fall. But at what point do they stop?”

Concerns about acceleration in core inflation are growing