Jean Thompson, Author at Dual Cow

US economy expands 2.8% in second quarter, beating expectations

Jul

US economy expands 2.8% in second quarter, beating expectations

Related media - Breaking news The U.S. economy posted robust growth in the second quarter, driven by strong consumer and government spending, along with a significant increase in inventories, according to an initial estimate from the Commerce Department released Thursday. From April to June, real gross domestic product (GDP), which measures the value of all goods and services produced, grew at an annualized rate of 2.8% after adjusting for seasonality and inflation. That beat the 2.1% growth forecast by economists polled by Dow Jones and improved from the 1.4% growth in the first quarter. The first of three estimates highlighted…

Why a Historically Reliable Recession Indicator May No Longer Be Accurate

Jul

By Jean Thompson

Investments and Business

Why a Historically Reliable Recession Indicator May No Longer Be Accurate

More news - Latest news Wall Street’s most reliable recession indicator started signaling trouble in 2022 and hasn’t stopped since, but so far it has proven wrong every time. The yield on 10-year Treasuries has been lower than that of many shorter-term bonds, a scenario known as an inverted yield curve, which has historically preceded nearly every recession since the 1950s. Traditionally, an inverted yield curve suggests a recession within a year or two. However, not only has a recession not occurred, but U.S. economic growth remains stable. This has led many on Wall Street to wonder why this once-reliable…

Tune In: Fed Chair Jerome Powell Discusses Interest Rate Policy and Economic Outlook

Jul

By Jean Thompson

Investments and Business

Tune In: Fed Chair Jerome Powell Discusses Interest Rate Policy and Economic Outlook

More news - Recent news Federal Reserve Chairman Jerome Powell will speak at the Economic Club of Washington, D.C., on Monday, providing insights into the central bank's interest rate policy and the broader economic landscape. Powell will engage in a discussion with David Rubenstein, president of the Economic Club and co-founder of The Carlyle Group. The move marks Powell’s first public comments since Thursday’s Consumer Price Index (CPI) report, which showed monthly prices for June falling. During his two-day testimony on Capitol Hill last week, Powell said the Federal Reserve now sees the risks of rising inflation and a slowing…

Parkinson’s expert makes frequent visits to the White House for eight months

Jul

By Jean Thompson

Health

Parkinson’s expert makes frequent visits to the White House for eight months

Related media - Recent news According to official visitor logs, a Parkinson’s disease expert from Walter Reed National Military Medical Center visited the White House eight times over an eight-month period from last summer to last spring, and met at least once with President Biden’s doctor. The expert, Dr. Kevin Cannard, is a neurologist specializing in movement disorders who recently published a paper on Parkinson’s. The logs, released by the White House, document visits from July 2023 to March of this year. More recent visits, if any, would not be disclosed until later, according to the White House’s voluntary disclosure…

How to Make Digital Smartphone Photos Look Old

Jul

By Jean Thompson

Science and Technology

How to Make Digital Smartphone Photos Look Old

More news - Breaking news Like the allure of vinyl records, classic video games, and even the early Internet, the fascination with old photographic standards like point-and-shoot cameras and 35-millimeter film endures, even among people too young to remember when that equipment was cutting edge. The allure of “vintage” photography extends beyond nostalgia and Instagram filters, judging by the number of apps designed to emulate the film, lenses, and visual quirks of pre-digital photos and films. Despite the irony of using a high-end smartphone camera to produce imperfect images that look oversaturated, shaky, low-contrast, unfiltered, or otherwise analog, going for…

The Silent Killer Who Stalks Sri Lankan Men

Jul

By Jean Thompson

Health

The Silent Killer Who Stalks Sri Lankan Men

More news - News 24 hours Climate change and contaminated water have triggered an epidemic of kidney disease. In Sri Lanka, a serene island nation in the Indian Ocean, a silent killer is claiming the lives of thousands of men. Statistics reveal an alarming spike in chronic kidney disease cases, and experts point to two main culprits: climate change and water pollution. In rural northern and eastern Sri Lanka, where agriculture is the backbone of the local economy, farmers face a daily struggle not only to cultivate their land but also to survive amid a growing health crisis. Extreme temperatures…