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Is the Fed Making the Right Calls on Inflation?

The Federal Reserve has raised the interest rate by .75% in its most aggressive move yet to handle runaway inflation. More at CNBC.

All of this should cause us to rethink how the Fed intervenes in the economy. Neither artificially high interest rates nor artificially low interest rates are most conducive to productive economic growth.

…the nation needs to see action at this time. After wrongly calling inflation “transitory” for much of last year, the Fed must prove that it is serious about tackling this substantial threat to the U.S. economy.

A more aggressive Fed is likely to have ripple effects throughout the global economy, and as such, Friday’s inflation print triggered a multi-day sell-off of stocks worldwide.

Who Is Winning the War in Ukraine?

Months after the start of the war, Putin shows no signs of giving up and Ukraine shows no signs of backing down. Here are three takes on the current state of the war in Ukraine:

After a string of tactical defeats, the Russian army is making some headway in its campaign to capture the Donbas region of eastern Ukraine, site of the war’s deadliest fighting.

Putin appears to be paying no great price, whether in energy revenues (which are up, thanks to price increases) or in public support (also up, thanks to some combination of nationalism, propaganda and fear), for his war.

So far Ukraine has performed brilliantly against heavy odds. Possibly a combination of mounting casualties, stunning depletions in military equipment, and dreadful morale problems may cause the Russian offensive to stall and lose ground, but the question stubbornly remains: for how much longer can Ukraine continue to hold off a desperate Russia?

Should Gadi Eizenkot Join Israeli Politics?

As Israel’s coalition seemingly nears its end, former IDF chief Gadi Eizenkot may be readying himself for a political career.

…we should remind ourselves that famous generals are no better than hardworking, low-level Knesset members.

Time will tell if he succeeds… Eizenkot would, therefore, be wise to make sure he has thick enough skin before embarking on a political career.

If he does run in the next election, he will join a long line of chiefs of staff and other top generals who turned to politics in an effort to influence the country. Two of them, Yitzhak Rabin and Ehud Barak, ended up serving as prime minister, too, as did another leading general, Ariel Sharon.

Is It Time to Consider an Israeli-Palestinian Confederation?

Israeli politician Yossi Beilin and Palestinian lawyer Hiba Husseini are making a renewed case for an often overlooked solution to the Israeli-Palestinian conflict—an Israeli-Palestinian confederation.

…we are convinced that the Israeli-Palestinian confederation we propose, inspired by the European Union model, will allow enhanced economic and security cooperation to develop and facilitate a range of initiatives that will bolster mutual understanding and reduce mutual rejection and hostility.

If you, like me, want Israel to remain a secure Jewish and democratic state with international legitimacy, the status quo is not sustainable. If you, like me, care about Palestinians’ fundamental rights to also live safely and freely in a democracy, we cannot throw up our hands even in the face of intransigence and leadership vacuums.

The conflict is real and cannot be wished away. The whole point of the two-state solution is that it recognizes reality, separates the warring parties, and allows for the very gradual development of the coexistence that is necessary for peace.

Is Juneteenth Becoming Too Commercialized?

Juneteenth, which commemorates the emancipation of slaves in America, will be celebrated this Sunday on June 19th. In just a year, Juneteenth has gone from a day relatively unknown outside of the Black community to a heavily commercialized national holiday. More at CNN.

We’re celebrating a milestone of our ancestors even as we acknowledge a reality we don’t fully have. That’s why it’s so galling to see corporations and businesses dig their nails into Juneteenth as if it’s a trend and not a day of reverence for freedom’s complexities.

…the celebration, as is the case with most Black cultural expressions, is commercialized to the point of diminishing the meaning behind the origin of the celebration…

“You can critique commercialization,” Norman-Cox continued. “Of course, you can, and with good reason. But one of the good things about commercialization is that it circulates wealth.”

Did Kim Destroy Marilyn’s Dress?

The controversy of Kim Kardashian wearing an iconic dress of Marilyn Monroe’s to the Met Gala continues. Photos of the dress, which has since been returned to its home at Ripley’s Believe It or Not, reveal that it may have been badly damaged by its night out on the town.

The Marilyn Monroe happy birthday dress strap is totally torn , the hem is ripped and frayed from walking with it post Kim Kardashian wearing by the owners Ripley’s museum . This episode sums up todays world. Knowing the price of everything and the value of nothing.

If you want to be mad, direct your rage at Ripley’s. It should have politely declined Kim’s request to wear Marilyn’s dress. Instead, it salivated at the possible clicks and likes. This is not what guardians of culture do.

Because with the Kardashians everything is recorded we not only saw Kim get the dress but also that she received an alleged piece of the late actress’s hair. This whole thing felt like a gross continuing commodification of a woman who would not have wanted her personal items (and hair) used this way…

Today’s Hot Issues

Is GambleZen Legit? A Comprehensive Study Report Is the Fed Making the Right Calls on Inflation? Who Is Winning the War in Ukraine? Should Gadi Eizenkot Join Israeli Politics? Is It Time to Consider an Israeli-Palestinian Confederation? Is Juneteenth Becoming Too Commercialized? Did Kim Destroy Marilyn’s Dress?