Signs are pointing to a coming U.S. recession, according to an economic indicator that has preceded every recession over the past five decades.
It is known among economists and Wall Street traders as a “yield curve inversion,” and it refers to when long-term interest rates are paying out less than short-term rates.
That curve has been flattening out and sloping down for more than a year, raising worries among some analysts that investors’ long-term view of the market is not positive and that an economic downturn is looming.
But on Sunday, an inauspicious milestone was achieved: The yield curve remained inverted for three months, or an entire quarter, which has for half a century been a clear signal that the economy is heading for recession in the next nine to 18 months, according to Campbell Harvey, a Duke University finance professor who spoke to NPR on Sunday. His research in the mid-1980s first linked yield curve inversions to recessions.
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The floor of the New York Stock Exchange. An economic indicator known as the “yield curve inversion” hit the three-month mark, an occurrence that has preceded the past seven U.S. recessions.
The U.S. Women’s National Team will take on the Netherlands in the 2019 FIFA Women’s World Cup final on Sunday, July 7 at 8 a.m. PT at the Stade de Lyon in Lyon, France.
The U.S. advanced to its third consecutive Women’s World Cup final after beating England 2-1 in the semifinal round. Christen Press, who came in for an injured Megan Rapinoe, and Alex Morgan, who was celebrating her 30th birthday, both scored again England to lead the USA to victory.
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Dutch players celebrate after winning the Women’s World Cup semifinal soccer match against Sweden at the Stade de Lyon outside Lyon, France, Wednesday, July 3, 2019. (AP Photo/Francisco Seco)
The same military jurors who acquitted a decorated Navy SEAL of murder in the killing of a wounded Islamic State captive under his care in Iraq in 2017 will return to court Wednesday to decide whether he should serve any jail time for the single charge he was convicted of: posing with the 17-year-old militant’s corpse.
The final step comes after the verdict Tuesday was met with an outpouring of emotion as the jury also cleared Special Operations Chief Edward Gallagher of attempted murder in the shootings of two civilians and all other charges.
President Donald Trump, who intervened earlier this year to have Gallagher moved from the brig to less restrictive confinement, tweeted congratulations to the SEAL and his family.
Hey, we’re with you. Given half a chance, we’d much rather hit the road than the armchair. Nothing can replace the intensity of authentic experience. Yet experience needs shape and wisdom and behind every great adventure are the stories that inspired it. We read before we go; and after we arrive, free and clear in far-flung terrain and edgy places, we invariably find echoes of the voices that led us there.
The following list is devoted to books that offer the truest inspiration, the deepest reflection, the strongest provocation. These are books that seize imaginations and rattle sedentary lives
The Turpan Depression, or Turfan Depression, is a fault-bounded trough located around and south of the city-oasis of Turpan, in the Xinjiang Autonomous Region in far western China, about 150 kilometres southeast of the regional capital Ürümqi.
When’s the last time you paid attention to your breath? Most of us take it for granted and don’t stop to think how deeply we inhale or exhale. But most of us also survive on shallow breaths that have us living on edge constantly.
“We are a nation of shallow breathers,” says Lynne Everatt, coauthor of The 5-Minute Recharge: 31 Proven Strategies to Refresh, Reset, and Become the Boss of Your Day. “Deep breathing comes naturally to children, but we lose the ability because we’re in a constant state of fight-or-flight, low-level stress. Our breathing migrates up in our bodies; it’s an anxious breath.”
Controlled breathing, on the other hand, is the fastest, most effective way to trigger the relaxation response, enabling you to think more clearly and perform better under pressure, she says.
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[Photo: U.S. Navy photo by Petty Officer 2nd Class Eric S. Logsdon]
EVERYONE SAYS work is miserable. Today’s workers, if they are lucky enough to escape the gig economy and have a real job, have lost control over their lives. They are underpaid and exploited by unscrupulous bosses. And they face a precarious future, as machines threaten to make them unemployable.
There is just one problem with this bleak picture: it is at odds with reality. As we report this week (see Briefing), most of the rich world is enjoying a jobs boom of unprecedented scope. Not only is work plentiful, but it is also, on average, getting better. Capitalism is improving workers’ lot faster than it has in years, as tight labour markets enhance their bargaining power. The zeitgeist has lost touch with the data.
Marshae Jones, a 28-year-old Alabama woman, is facing a manslaughter charge after her fetus died in utero. Her crime? Allegedly provoking a fight with a person who ultimately shot her in the stomach, killing her five-month-old fetus.
Lawyers for Jones filed a motion for the charges to be dropped on Monday, stating that there is no legal or factual basis to permit a criminal prosecution. A hearing is scheduled for July 9.
The unusual case highlights a growing movement to prosecute women for alleged crimes against their own fetuses. Jones’ case, in particular, raises questions about the legal ramifications of the concept of “fetal personhood,” which holds that a fertilized egg, embryo or fetus is a separate person with a separate set of rights who deserves full legal protection under the U.S. Constitution.
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White, Arnold and Dowd
An undated photo of Marshae Jones, who was indicted in the death of her five-month-old fetus after she was the victim of a shooting.
The U.S. women’s national soccer team beat England 2-1 in the World Cup semifinal in Lyon, France, on Tuesday, continuing the Americans’ winning streak as they head to the championship game.
Christen Press scored the first goal for the U.S. around the nine-minute mark with a header into the top left corner. The U.S. team has scored within the first 12 minutes of every World Cup match this year.
Less than 10 minutes later, England’s Ellen White retaliated with a goal of her own against U.S. goalie Alyssa Naeher to tie the game.
Alex Morgan, who was also celebrating her 30th birthday, scored the final goal for the U.S. at the 31-minute mark with a second lightning header, securing her team’s victory.
As the World Cup captures the world’s attention, so too has the U.S. women’s team’s demand for equal pay. The U.S. women have pulled in more money than the U.S. men for the past three years, but players on the men’s team earn significantly more than their female counterparts. Prior to the Americans’ quarterfinals victory against France last week, U.S. fans marched in Paris to demand equal pay for the women’s team.
Film and Writing Festival for Comedy. Showcasing best of comedy short films at the FEEDBACK Film Festival. Plus, showcasing best of comedy novels, short stories, poems, screenplays (TV, short, feature) at the festival performed by professional actors.
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Books for the Well-Read Explorer
An image of the Turpan Depression
[Photo: U.S. Navy photo by Petty Officer 2nd Class Eric S. Logsdon]
Rich world
U.S. Soccer Team Beats England
