In the U.S., there have now been nine deaths from the coronavirus, as total cases in the country passes 100. Globally, about 3.4% of reported coronavirus cases have died. By comparison, seasonal flu generally kills far fewer than 1% of those infected. As of this morning, there are over 90,000…
Federal Reserve Cuts Interest Rates in Response to Coronavirus
March 3, 2020
The Federal Reserve decided to cut interest rates today as “the coronavirus poses evolving risks to economic activity”. The Federal Open Market Committee as such will “lower the target range for the federal funds rate by 1/2 percentage point, to 1 to 1‑1/4 percent.” Additionally, the Reserve will “continue purchasing…
US Court of Appeals Rules Trump Steel Tariffs Constitutional
March 2, 2020
The United States Court of Appeals for the Federal Circuit has ruled that President Trump’s tariffs on imported steel are constitutional. Section 232 of the Trade Expansion Act of 1962 “grant[s] the President certain discretionary authority regarding tariffs on goods from foreign nations with which the President might enter into…
U.S. and Taliban Sign Peace Agreement
February 29, 2020
After a successful seven-day reduction in violence, today, the United States and Taliban have signed an agreement towards lasting peace. In the U.S.-Taliban agreement, the Taliban “promises to cut ties with al-Qaida and other terrorists”; “[commit to the] fight to defeat ISIS”; “[maintain] massive reduction in violence”; “[work] with the…