Author: KnowledgeHippo

July 5, 2024, 7:03 am ETJuly 5, 2024, 7:03 am ETJerome H. Powell, chairman of the Federal Reserve, said this week that officials would like to see more inflation data “like what we’ve seen recently” before cutting interest rates.Credit…Pete Marovich for The New York TimesThe labor market has maintained surprising strength over the past year, but as fewer jobs remain unfilled and a growing number of people remain on unemployment insurance rolls, Federal Reserve officials have begun to watch for cracks.Central bankers have recently begun to make clear that if the labor market softens unexpectedly, they could cut interest rates…

Japan dropped all regulations requiring the use of floppy disks for administrative purposes this week, marking the milestone 13 years after the country’s manufacturers built their last drives.The floppy disk, invented in the 1970s, was once a ubiquitous part of computers. Other forms of memory, such as flash drives and online cloud storage, have since taken over. In the 1990s, along with the tape, it was thrown into the dustbin of obsolete technology.But not in Japan. While it’s famous for its consumer electronics giants, robots and some of the world’s fastest broadband networks, the country is also wedded to floppy…

Welcome to the T List, a newsletter from the editors of T Magazine. Each week, we share things we’re eating, wearing, listening to or lusting after right now. Register here to find us in your inbox every Wednesday. And you can always contact us at tlist@nytimes.com.Step by stepJenna Lyons shares makeup and skin careIf I have a lot of makeup on, I use Makeup Forever Gentle Eye Gel, which is good at removing it so I don’t have to rub. I’ll use the same cleanser at night with a towel and water, then a toner like Biologique Recherche Lotion P50,…

Thursday’s general election is a pivotal moment for Britain after 14 years of Conservative Party rule. Polls show the centre-left Labor Party is set to return to power in a fundamental reshuffle of British politics.Millions of voters in 650 constituencies vote for candidates to represent them as MPs. The political party that wins the most seats usually forms Britain’s next government, and the leader of that party also becomes prime minister.To win an overall majority, a party must secure 326 seats. If the leading party falls behind in this, it can try to form a government with the support of…

Virginia Foxx, the Republican congresswoman from North Carolina, has spent the last few months challenging elite schools.As chairman of the House Education Committee, he oversaw a tense hearing in December that prompted the resignations of the presidents of the University of Pennsylvania and Harvard. He has led an investigation into half a dozen institutions over their handling of allegations of anti-Semitism. He has subpoenaed internal documents and called Jewish students to testify.On Wednesday, he will preside over another hearing, this time with Columbia University officials.The plagiarism is part of a Republican campaign against what they see as double standards at…

Allegations of possible payments to secure votes. Allegations of misuse of funds by top diplomats. A potential job offer to tempt a candidate out of a race.These are not the antics of a corrupt election in an unstable country. Rather, these are efforts in the seemingly polite salons of a United Nations-affiliated agency to influence decisions related to the initiation of seabed mining for metals used in electric vehicles.It’s all part of an ugly battle over who will be the next leader of the International Seabed Authority, which controls mining in international waters worldwide.The fraud charges underscore the controversial nature…

Sitting near a window inside Boston’s Four Seasons Hotel, overlooking a duck pond in the city’s Public Garden, Ray Kurzweil held a sheet of paper showing the steady increase in the amount of raw computer power that a dollar could buy in last 85 years.A neon-green line rose steadily up the page, climbing like fireworks into the night sky.That diagonal line, he said, showed why humanity was just 20 years away from the Singularity, a long-hypothetical moment when humans would merge with artificial intelligence and grow with millions of times more computing power than biological humans now provide. the brain.”If…

Twenty-two years ago, Bernie Ecclestone, the former chief executive of Formula 1, described Silverstone as “a country fair masquerading as a world event”.The home of the British Grand Prix has changed dramatically over two decades. In February, a 10-year contract was signed with Formula 1 that will see the race on the calendar until 2034.”By the end of these 10 years, I want Silverstone to be recognized as the global home of motor racing, not just the home of British motorsport,” said Stuart Pringle, chief executive of Silverstone, in an interview in March.Silverstone has diversified its activities. It’s not just…

“Hey man, how are you?” said a man wearing a Boba Fett outfit as he bent over the bed of a young boy in a hospital gown.It was a Sunday afternoon in the emergency room at Maimonides Medical Center in Brooklyn, where Dr. Alex Arroyo, the hospital’s director of pediatric emergency medicine, often wears one of 20 suits when visiting patients. His favorite is Boba Fett, the famous bounty hunter from the “Star Wars” movies.”I love what I do, but it sure is hot in there!” said Dr. Arroyo, 48, who has worked at the hospital since 2006. He began…

Severe turbulence on an Air Europa flight to Uruguay from Spain on Monday injured more than a dozen passengers, officials said, leaving several with neck and skull fractures, in at least the second case of serious injuries from turbulence worldwide in two months.Flight UX045 made an emergency landing early Monday in the Brazilian coastal city of Natal after experiencing turbulence more than four hours after taking off from Madrid, according to flight data.Some passengers hit their heads during the commotion, causing head, neck and chest injuries, according to Brazilian public health officials. Thirty-six passengers were treated for injuries and 23…