#Jackson Hole Symposium 2023

[strangebiology]

Upcoming Talks on Science Communication, TikTok, Writing

So I'll be giving a lot talks over the next month and a half, for some reason! Must be the season.

September 27 Making the Most of Vertical Video Science Writers 2023 (virtual portion)

October 23 or 24 Making the Most of TikTok and Vertical Video Science Journalism Forum (all virtual)

October 26* On the Book Carcass: The Afterlives of Animal Bodies Jackson Hole Wildlife Symposium

October 31* TikTok for Science Students University of Delaware

November 8 Career Day - Writer Presentation (x4 sessions) Kemmerer High School (for middle/high school students)

*Maybe/probably. We're finalizing the details.

Note: These all have a specific audience, like attendees of conferences that cost money (the first three, but they are open to anyone who joins the conference) or students of a specific school (the last two.) Titles are subject to change but the concept will be the same.

[newstfionline]

Sunday, August 27, 2023

Jackson Hole: Fed policy collides with reality in the most unequal county in America (CNN) Central bank officials from across the world have descended upon Jackson Hole, Wyoming this week to discuss policy decisions that will shape the economy for years to come. But as they talk about inflation and the economy in the abstract, residents of the popular vacation destination are very much feeling the realities of their policies. That’s because Jackson Hole is the most economically unequal place in the United States, according to the Economic Policy Institute. The snow kissed peaks and verdant valleys of Jackson Hole aren’t just awe-inspiring. They’re also symbolic. Among the top 1% in Teton County (where Jackson Hole is located), the average annual income is a jaw-dropping $22.5 million. The median household income in Teton County in 2021, meanwhile, was about $94,000, according to the US Census Bureau. The annual August symposium of global financial leaders and economic elites wouldn’t happen without the servers, cooks, drivers and hotel and event staff who make it function—the same people feeling the hard impact of elevated inflation, high interest rates and a softening economy the most. “If you look at income, Jackson Hole is really a microcosm of the nation’s wealth inequalities laid out across these dramatic landscapes of the Mountain West,” said Kenan Fikri, director of research at The Economic Innovation Group, a bipartisan policy organization. “It’s a ground zero for understanding how inflation affects the budgets of lower-earning households when they’re already financially stressed.”

Trump’s Mug Shot, a Presidential First, Is a Merch Bonanza (WSJ) First came the mug shot. Then came the merch. Within hours of Donald Trump surrendering himself to authorities in Fulton County, Ga., items plastered with the glowering former president in his signature suit and cherry-red tie were all over Etsy, eBay and the custom-design site Redbubble. Trump’s own campaign got in on the action: On Thursday evening, it sent out an email, soliciting $47 donations in exchange for a T-shirt printed with the mug shot above the phrase “Never Surrender.” His campaign’s online merchandise storefront now includes shirts, beverage coozies and a bumper sticker featuring the booking photo. The former president’s son Donald Trump Jr. was also peddling a $30 T-shirt and a $16 coffee mug printed with the mug shot, saying that proceeds from the sales would go to his father’s legal defense fund. Etsy makers began listing T-shirts that said “Legend” and “NOT GUILTY” beneath Trump’s image. In near-record time, Trump’s mug shot has joined Che Guevara’s bereted visage, sneering Bart Simpson and the goofy Minions as a wearable meme—the sort of image that will be found in souvenir shops and thrift-store racks for years to come.

Ecuador election: As run-off looms, voters crave genuine change (Al Jazeera) From her small convenience store in northern Quito, Tanya Vazquez is consumed by fear. Her modest shop has been robbed three times in the last few years, she said; in one case, the perpetrator fired a gun towards her husband, although the bullet missed. One of their sons was also robbed and assaulted in the street. “I am very afraid, with all the crime that’s happening,” Vazquez told Al Jazeera from behind the shop counter in the Ecuadorian capital. “I just hope that whoever the new president is can at least give us some security and stability.” Indeed, as Ecuador grapples with rising crime and political violence, many in the country are craving change. Snap elections last Sunday were overshadowed by this month’s assassination of Fernando Villavicencio, a prominent anticorruption candidate. The election will head to a run-off on October 15. These elections represent a pivotal moment for the small Andean nation, but it remains an open question as to whether either candidate can deliver the change voters crave.

A miracle:’ Virginia man meets Chilean family 42 years after he was stolen as newborn (USA Today) It has been 42 years since María Angélica González saw her son. He was a newborn. A nurse told González he needed to be put in an incubator because he was premature. Not long after, she returned with devastating news: The baby was dead. For 42 years, that’s what González believed. For 42 years, it has been a lie. Gonzalez’s son, Jimmy Lippert Thyden, was stolen from González, adopted out to unwitting parents in the United States and raised in Arlington, Virginia. For 42 years, Thyden believed he had no living relatives in Chile, where he was born. Then one day in April, Thyden read a USA TODAY story about a California man who had learned he was stolen from his mother in Chile and illegally adopted out to an American couple. It got Thyden thinking: Could the same thing have happened to him? Within weeks, Thyden learned the truth. And last week, González finally got to hug her son. “It’s a miracle from God,” González, 69, told USA TODAY during a video chat in Spanish as she sat with Thyden on Saturday. “When I learned that he was alive, I couldn’t believe it.”

Legal Troubles for Sarkozy (Foreign Policy) It’s been an eventful week for former world leaders facing legal problems. On Friday, magistrates in Paris ordered former French President Nicolas Sarkozy to stand trial on charges that his 2007 election campaign received a $54 million illegal contribution from former Libyan dictator Muammar al-Qaddafi’s government. The one-term president has denied wrongdoing alongside 12 other co-defendants, including three of his former cabinet ministers. He will be tried in 2025. This is far from Sarkozy’s first indictment rodeo. The 68-year-old leader has been convicted twice for corruption and influence-peddling. In May, he lost his first appeal for a 2021 accusation alleging he tried to bribe a judge. His three-year prison term was brought down to just one trip around the sun, which Sarkozy can fulfill under house arrest. He still faces a second probe into allegations that he received a payment of $3.2 million by Russian insurance firm Reso-Garantia in 2019 while he was working as a consultant.

Nerve agents, poison and window falls. Over the years, Kremlin foes have been attacked or killed (AP) The attacks range from the exotic—poisoned by drinking polonium-laced tea or touching a deadly nerve agent—to the more mundane of getting shot at close range. Some take a fatal plunge from an open window. Over the years, Kremlin political critics, turncoat spies and investigative journalists have been killed or assaulted in a variety of ways. None, however, has been known to perish in an air accident. But on Wednesday, a private plane carrying a mercenary chief who staged a brief rebellion in Russia plummeted into a field from tens of thousands of feet after breaking apart. Assassination attempts against foes of President Vladimir Putin have been common during his nearly quarter century in power. Those close to the victims and the few survivors have blamed Russian authorities, but the Kremlin has routinely denied involvement—as it did on Friday by saying it was “a complete lie” it had anything to do with the jet crash. There also have been reports of prominent Russian executives dying under mysterious circumstances, including falling from windows, although whether they were deliberate killings or suicides is sometimes difficult to determine.

UNICEF says a year on from Pakistan’s catastrophic floods, millions of children still need support (AP) The United Nations children’s agency on Friday warned that a year on from Pakistan’s devastating floods, an estimated 4 million children continue to need humanitarian assistance and access to essential services as a shortage of funds remains a hurdle in recovery. The warning from UNICEF comes as authorities in Pakistan’s eastern Punjab province are racing against time to evacuate people from areas affected by the overflowing River Sutlej. Since Aug. 1, rescuers have evacuated over 100,000 people from marooned areas in the districts of Kasur and Bahawalpur. More than six months ago, dozens of countries and international institutions at a U.N.-backed conference in Geneva pledged more than $9 billion to help Pakistan recover and rebuild from last summer’s floods. But most of the pledges were in the form of loans for projects, which are still in the planning stages.

A Crisis of Confidence Is Gripping China’s Economy (NYT) Earlier this year, David Yang was brimming with confidence about the prospects for his perfume factory in eastern China. After nearly three years of paralyzing Covid lockdowns, China had lifted its restrictions in late 2022. The economy seemed destined to roar back to life. Mr. Yang and his two business partners invested more than $60,000 in March to expand production capacity at the factory, expecting a wave of growth. But the new business never materialized. In fact, it’s worse. People are not spending, he said, and orders are one-third of what they were five years ago. “It is disheartening,” Mr. Yang said. “The economy is really going downhill right now.” For much of the past four decades, China’s economy seemed like an unstoppable force, the engine behind the country’s rise to a global superpower. But the economy is now plagued by a series of crises. A real estate crisis born from years of overbuilding and excessive borrowing is running alongside a larger debt crisis, while young people are struggling with record joblessness. And amid the drip feed of bad economic news, a new crisis is emerging: a crisis of confidence. A growing lack of faith in the future of the Chinese economy is verging on despair. Consumers are holding back on spending. Businesses are reluctant to invest and create jobs. And would-be entrepreneurs are not starting new businesses. “Low confidence is a major issue in the Chinese economy now,” said Larry Hu, chief China economist for Macquarie Group, an Australian financial services firm.

Syria’s south rocked by protests amid anger over fuel hikes (Washington Post) Protests against the government of President Bashar al-Assad have spread across southern Syria in the days following a government decision to slash fuel subsidies, amid growing desperation as hyperinflation sends prices soaring. As the relatively rare protests gained force under a government that has applied brutal tactics to keep its population in line through more than a decade of civil war, young activists crept through the streets of the southern city of Sweida at night, affixing makeshift fliers to shuttered storefronts, encouraging civil unrest. The protests began Aug. 20 at a central roundabout, with a chant of “Syria wants freedom.” A demonstrator spray-painted a message on the roundabout’s edge, giving the gathering point a new name: “Dignity Square.” The demonstrations have since spread, as have photos and videos of them, some evoking the protests that filled the country’s streets in 2011 as hopeful masses demanded the ouster of Assad. Years of conflict were to follow.

Power returns to most of Kenya after a 14-hour outage (AP) Electricity was being restored in most parts of Kenya on Saturday, 14 hours after the longest outage in recent memory, the majority government-owned power distributor said. There was still no clear explanation for the outage that hit on Friday night, shutting down the country’s main international airport, affecting major hospitals and even the president’s office compound. The outage came just weeks before Kenya’s government hosts the first Africa Climate Summit, where energy will be key on the agenda. Kenya gets almost all its energy from renewable sources, but infrastructure and alleged mismanagement remain an issue in the country of more than 50 million people.

[accapitalmarket]

US labour market downward revision cements Sep cut

US stocks ended modestly higher on Wednesday as minutes from July’s Federal Reserve meeting cemented expectations for a rate cut next month, allaying earlier fears over the economic picture after downward revisions to labour market data.

The market had been cautious early on after the Bureau of Labor Statistics lowered its estimate for total payroll employment for the period from April 2023 to March 2024 by 818,000, as part of the agency’s annual benchmark review of jobs data, with the move reviving faint recession fears.

But then the July Fed meeting minutes showed the "vast majority" of Federal Reserve policymakers signalled that it may be appropriate to begin cutting rates in September should the recent progress on inflation continue, and that gave Wall Street a late boost.

The minutes and data come ahead of Fed chair Jerome Powell's keynote speech at the economic symposium at Jackson Hole on Friday. Investors expect Powell to provide more dovish cues on rates, although he is not expected to explicitly outline plans for a reduction in September.

At the close in New York, the blue-chip Dow Jones Industrials Average was 0.1% higher at 40,890, while the broader S&P 500 index added 0.4% at 5,620, and the tech-laden Nasdaq Composite rose 0.6% to 17,918.

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Driving ahead, Ford Motor gained 1.6% after announcing that it is to scrap its planned three-row electric SUV and delay the roll out of a new F-150 truck due to softer demand.

Meanwhile, Chinese eCommerce firm JD.com shed 8.7% after news reports said Walmart planned to sell its stake in the company for about $3.7 billion.

In the earnings spotlight, Keysight Technologies jumped 19.2% after its earnings beat estimates.

Retail giant Target gained 11.3% after the firm raised its annual profit forecast and beat expectations for second-quarter comparable sales.

But in contrast, department store chain Macy’s dropped 16.9% after it missed market expectations for quarterly revenue. And furniture maker La-Z-Boy lost 3.5% as weaker-than-expected guidance largely offset strong earnings.

On the commodities front, oil prices fell on worries about demand following the revised US jobs data and given fears about China's weakened economy. That offset any supply support from a drop in US oil inventories.

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UK Brent crude dropped 1.3% to $75.13 a barrel, while US West Texas Intermediate shed 1.7% to $71.94 a barrel.

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[ailtrahq]

Amid the backdrop of Jackson Hole, Wyoming, financial markets are poised for the Federal Reserve’s annual symposium. The central focus remains on inflation’s trajectory and its intricate relationship with interest rates. Powell’s approach has allegedly shifted from a stern resolve to a more nuanced stance. Last year’s unequivocal commitment to hitting the 2% inflation target has evolved. Powell now enters the stage believing that taming inflation need not come at the cost of substantial job losses. Strategic Restraint and Inflation Realities Julian Brigden, an authority from Macro Intelligence 2, offers insight into the Fed’s probable strategy. Powell’s speech may not introduce novel elements but instead reinforce the central bank’s cautious approach.  Fed Expected To Drill In 'Higher For Longer' In Jackson Hole Fed Chair Powell's Jackson Hole speech is unlikely to bring new elements to the US monetary policy outlook, says Julian Brigden, from Macro Intelligence 2. "They will keep holding out their powder because they don't… — *Walter Bloomberg (@DeItaone) August 24, 2023   Brigden suggests the Fed will avoid rate cuts to maintain current financial conditions. The subtle art lies in preserving a suspenseful air around potential rate hikes, aligning the Fed’s intentions with the market’s concept of “longer.” Inflation, Employment, and Interest Rates As the symposium unfolds, the spotlight falls on Powell’s speech, scrutinizing his approach to inflation dynamics. The critical question is whether the decline in inflation warrants a more measured or assertive interest rate approach.  Powell’s transformed outlook acknowledges the potential for taming inflation without inflicting severe job losses. This shift in stance reflects a more intricate understanding of the intricate dance between inflation, employment, and interest rates. Powell’s words take center stage with the symposium, shaping expectations for the Federal Reserve’s future steps. The theater of fiscal policy continues its captivating performance. As financial stakeholders await Powell’s nuanced insights, the broader market anticipates a strategy that skillfully navigates the complexities of inflation while preserving economic vitality. Source

[joekellyotcglobalholdings]

Powells Jackson Hole Bombshell! Markets on Edge

Powell’s Jackson Hole Bombshell! Markets on Edge https://www.entrepreneur.com/finance/powells-jackson-hole-bombshell-markets-on-edge/458079 Every year, financial markets eagerly anticipate the annual symposium at Jackson Hole, where central bankers and policymakers convene to discuss the current state of the economy and monetary policy. This... via Entrepreneur: Latest Articles https://www.entrepreneur.com/latest August 25, 2023 at 09:44AM

[blogynews]

"The Unseen Tensions of Jackson Hole Eclipse Nvidia: What's the Buzz About?"

Jerome Powell, the Chair of the Federal Reserve, attended a dinner to mark the beginning of the Jackson Hole Economic Symposium on August 24, 2023, at Grand Teton National Park near Jackson Hole, Wyoming. The event was covered by Natalie Behring of Getty Images News. This report is part of CNBC’s Daily Open, a newsletter that provides investors with all the essential information they need to know…

[blogynewz]

"The Unseen Tensions of Jackson Hole Eclipse Nvidia: What's the Buzz About?"

Jerome Powell, the Chair of the Federal Reserve, attended a dinner to mark the beginning of the Jackson Hole Economic Symposium on August 24, 2023, at Grand Teton National Park near Jackson Hole, Wyoming. The event was covered by Natalie Behring of Getty Images News. This report is part of CNBC’s Daily Open, a newsletter that provides investors with all the essential information they need to know…

[blogynewsz]

"The Unseen Tensions of Jackson Hole Eclipse Nvidia: What's the Buzz About?"

Jerome Powell, the Chair of the Federal Reserve, attended a dinner to mark the beginning of the Jackson Hole Economic Symposium on August 24, 2023, at Grand Teton National Park near Jackson Hole, Wyoming. The event was covered by Natalie Behring of Getty Images News. This report is part of CNBC’s Daily Open, a newsletter that provides investors with all the essential information they need to know…

[rnewspost]

Fed's Bullard says 2023 may be year inflation surge wilts By Reuters

Fed’s Bullard says 2023 may be year inflation surge wilts By Reuters

© Reuters. St. Louis Federal Reserve Bank President James Bullard stands with his back to the Teton mountain range outside the the annual Kansas City Fed Economic Policy Symposium in Jackson Hole, Wyoming, U.S., August 25, 2022. REUTERS/Ann Saphir By Michael S. Derby (Reuters) – St. Louis Federal Reserve leader James Bullard said Thursday the new year could finally bring some welcome relief on…

[sounmashnews]

[ad_1] [The stream is slated to start at 9:10 a.m. ET. Please refresh the page if you do not see a player above at that time.]Federal Reserve Chairman Jerome Powell speaks Thursday morning in a question-and-answer session on the Cato Institute, a Washington, D.C.-based assume tank.His remarks include markets broadly anticipating the Fed to make a 3rd consecutive 0.75 proportion level rate of interest improve when it meets once more Sept. 20-21.In his most recent public remarks, delivered on the central financial institution's annual Jackson Hole, Wyoming symposium, Powell mentioned that is "no place to stop or pause" with regards to elevating rates of interest. Vice Chair Lael Brainard on Wednesday backed up these remarks, pledging that the Fed is "in this for as long as it takes" to efficiently convey down inflation.The Fed has raised its benchmark borrowing price 4 instances this 12 months, to a goal vary of two.25%-2.5%. Cleveland Fed President Loretta Mester has mentioned she'd prefer to see the speed climb above 4% by early 2023.Read extraMarket bracing for another three-quarter point hike from the Fed this monthFed's Williams pushes back on market expectations of a rate cut next yearFed rate hikes won't bring down inflation as long as government spending stays high, paper says [ad_2] Source link

[extreme-investor-network]

U.S. stock futures are higher after Dow, S&P 500 break three-day slide

U.S. stock futures were higher Thursday morning after all three major averages ended higher during the daily trading session. Dow Jones Industrial Average futures gained 35 points, or 0.09%. S&P 500 and Nasdaq 100 futures climbed 0.39% and 0.55%, respectively. Snowflake jumped 17% after posting a beat on revenue. Shares of Nvidia slid 4% on the heels of a quarterly report that missed Wall Street’s expectations. Salesforce fell more than 6% after the company provided a disappointing forecast for fiscal 2023. The Dow on Wednesday rose slightly along with the S&P 500. For both averages, the gains snapped three-day long losing streaks. The tech-heavy Nasdaq Composite also ticked up 0.41%. The market action took place as investors await the start of the Jackson Hole economic symposium, which begins Thursday with Federal Reserve Chair Jerome Powell scheduled to speak the following morning. Traders will be listening for more information about how the central bank will combat high inflation and if policymakers may cut rates when the current hiking cycle is over. “It’s steady as it goes, it’s way too early for the Fed to consider a pivot,” said Jim Bianco, president of Bianco Research, on CNBC’s “Fast Money.” Investors are also waiting for key economic reports scheduled to come out later in the week, including jobless claims Thursday and the personal consumption expenditures Friday. The PCE report is one of the Fed’s favorite inflation measures, and it could influence its actions going forward. Peloton reports quarterly earnings Thursday before the bell, along with Gap, Dollar Tree and Dollar General. Ulta Beauty, Workday and Affirm Holdings will release their own results after markets close Thursday. Original Article Here: Read the full article

[reveal-the-news]

S&P 500 Rises As Fed Gathers in Jackson Hole

S&P 500 Rises As Fed Gathers in Jackson Hole

U.S. stocks edged higher on Thursday as Federal Reserve officials prepared to begin their Jackson Hole symposium. The S&P 500 and Nasdaq composite could mark a second straight session of gains. “The Fed is still unlikely to cut rates in the first half of 2023,” said Triest Advisory’s co-chief investment officer, adding that inflation is running hot. loading Something is loading U.S. stocks were…

[ailtrahq]

US Federal Reserve Chair Jerome Powell said softer labor markets are required to lower the inflation. He warned that the US central bank is prepared to raise interest rates further if they feel it to be appropriate. The post US Fed’s Jerome Powell At Jackson Hole: Prepared For More Rate Hikes appeared first on CoinGape. Powell Speech Highlights Need To Restrict Monetary Policy Powell revealed that the Fed staff intends to hold the interest rates at restrictive level until they are confident that inflation is moving sustainably towards the 2% target. He made the remarks at the Economic Policy Symposium also popularly called the Jackson Hole meeting hosted by the Federal Reserve Bank of Kansas City. Prior to the speech, traders were anticipating the Fed Chair’s comments on the long term economic scenario amid the ongoing macroeconomic uncertainty. The Fed Chair explained that the central bank committee would proceed carefully on whether to hike the rates again. Currently, the target rate stands at 525 to 550 bps, while the next Federal Open Market Committee (FOMC) is scheduled for September 20, 2023. The CME FedWatch Tool currently suggests trader confidence of 78% on a rate hike pause in the upcoming meeting. Since the last year’s Jackson Hole meeting, the interest rates were hiked by a daunting 300 basis points. Powell remarked that there needs to be some more progress on the non-housing services inflation, reiterating that the Fed will not move away from its inflation target. He stressed on the central bank’s priority to maintain price stability in the economy. BTC Price Reacts .. In the initial response to the speech, the Bitcoin price dropped slightly while the S&P 500 Index also saw a slight dip, before both of them recovering significantly. The Nasdaq Composite Index rose by 0.6%, whereas the Dow Jones Industrial Average showed a 0.3% rise. Source

[blogynews]

Unveiling the Beneath: Unforeseen Jackson Hole Troubles Plague Nvidia's Future

Jerome Powell, the Chair of the Federal Reserve, was seen arriving at a dinner to kick off the Jackson Hole Economic Symposium on August 24, 2023, at Grand Teton National Park near Jackson Hole, Wyoming. This event is significant for investors as it provides insights into the economic outlook and potential monetary policy actions. In today’s market news, U.S. stocks closed lower on Thursday. The…

[blogynewz]

Unveiling the Beneath: Unforeseen Jackson Hole Troubles Plague Nvidia's Future

Jerome Powell, the Chair of the Federal Reserve, was seen arriving at a dinner to kick off the Jackson Hole Economic Symposium on August 24, 2023, at Grand Teton National Park near Jackson Hole, Wyoming. This event is significant for investors as it provides insights into the economic outlook and potential monetary policy actions. In today’s market news, U.S. stocks closed lower on Thursday. The…