Jul 28 What to know as recreational marijuana becomes legal in Minnesota in August By Steve Karnowski, Associated Press Minnesotans can legally possess and grow their own marijuana for recreational purposes starting Tuesday, Aug. 1, subject to limits meant to keep a lid on things while the state sets up a full-blown legal cannabis industry. Continue reading
Jul 28 IMF agrees to release $7.5 billion to Argentina as its economy reels from drought By Associated Press The International Monetary Fund says it reached an agreement with Argentina that would open the door for the cash-strapped South American country to receive $7.5 billion over the next few months. Continue reading
Jul 28 An inflation gauge closely tracked by the Fed falls to lowest level in 2 years By Christopher Rugaber, Associated Press A measure of consumer prices that is closely monitored by the Federal Reserve fell last month to its lowest level since March 2021, the latest sign that inflation in the United States is steadily cooling from its once-painful highs. Continue reading
Jul 27 How a ‘rolling recession’ or a ‘richcession’ could spare the rest of the economy from a downturn By Christopher Rugaber, Associated Press The latest snapshot of the economy coincides with rising sentiment that it may achieve an elusive "soft landing." Analysts point to two trends that might help stave off an economic contraction. Continue reading
Jul 27 Supreme Court allows construction to resume on contested Mountain Valley Pipeline By Associated Press Work on the Mountain Valley Pipeline had been blocked by the federal appeals court in Richmond, Virginia, even after Congress included the project's approval as part of the bipartisan bill increasing the debt ceiling. Continue reading
Jul 26 Watch 5:32 How the Federal Reserve uses higher interest rates to tame inflation By William Brangham, Diane Lincoln Estes Interest rates are headed higher again, as the Federal Reserve resumes its fight with inflation. That effort is almost a year and a half old now. At the same time, Fed Chair Jay Powell wants to tame inflation without tipping… Continue watching
Jul 26 After Boeing Max crashes, U.S. regulators detail safety information that aircraft makers must disclose By Associated Press The Federal Aviation Administration, which was heavily criticized for the way it approved the Boeing 737 Max before two deadly crashes, says it is more clearly explaining the kind of critical safety information that must be disclosed to the agency. Continue reading
Jul 26 DeSantis appointees reach deal with Disney World’s firefighters, capping years of negotiations By Mike Schneider, Associated Press The Central Florida Tourism Oversight District voted unanimously Wednesday to approve a three-year contract covering 200 firefighters and paramedics in the Reedy Creek Professional Firefighters' Association. The old contract expired more than four years ago. Continue reading
Jul 25 Court says OxyContin maker’s bankruptcy and protections for Sackler family can move forward By Geoff Mulvihill, Associated Press OxyContin maker Purdue Pharma can start its transformation under a bankruptcy agreement that allows the members of the wealthy Sackler family who own the company to avoid civil lawsuits over the opioid crisis, a court has ruled. Continue reading
Jul 25 Bryan Cranston, Jessica Chastain join Times Square rally of striking actors and writers By Jake Coyle, Associated Press Actors and union representatives took turns giving fiery speeches in the heart of Times Square while tourists gawked and passing trucks honked in support. Continue reading