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While everyone has been transfixed by the unexpected drop in the UMich 5/10 year inflation expectations, which dropped to 3.1% from a preliminary 3.3% print, which means that the alarm signal that prompted the Fed to panic last week and prompted the market to aggressively reprice (lower) the odds of future Fed hikes… … the report also showed the lowest consumer sentiment reading in the 70-year history of the series, realistically speaking a far more troubling indicator than what a small group of respondents think inflation will be in 10 years (spoiler alert, it will be much higher than they...

WASHINGTON (AP) — The Latest on the 2020 presidential election (all times local): 12:40 p.m. Joe Biden is receiving a virtual briefing from a former U.S. surgeon general and a collection of health experts on how best to slow the spread of the coronavirus. Biden’s campaign created a virtual studio that connected the former vice president via video with former Surgeon General Vivek Murthy and six other experts at a theater in downtown Wilmington, Delaware on Wednesday. Biden will give a speech on the topic later in the day.

President Donald Trump said Monday that the coronavirus hasn't slowed his administration's goal of completing the border wall by next spring. U.S. Army Corps of Engineers Lt. Gen. Todd Semonite, updating reporters during the daily press briefing, said 164 miles out of 450 miles of fencing planned along the nearly 2,000-mile Mexican border is on track to be completed by the end of 2020. "Our contractors are extremely focused,' Semonite said. Some senate Democrats want to know why the wall on the southern border is still being built during the coronavirus pandemic and amid strict national social distancing guidance. Semonite...

WASHINGTON (Reuters) - The melting of glaciers caused by the world's rising temperatures appears to be causing a slight slowing of the Earth's rotation in another illustration of the far-reaching impact of global climate change, scientists said on Friday. The driving force behind the modest but discernible changes in the Earth's rotation measured by satellites and astronomical methods is a global sea level rise fueled by an influx of meltwater into the oceans from glaciers, the researchers said. "Because glaciers are at high latitudes, when they melt they redistribute water from these high latitudes towards lower latitudes, and like a...

WASHINGTON -- The Obama administration failed to set up an "effective" communications system during last year's BP oil spill and threatened its own credibility by "severely restricting" the release of "timely, accurate information," according to a newly released report commissioned by the U.S. Coast Guard. Quietly posted on the Coast Guard's website two weeks ago, the report offers the first major assessment of the federal government's communications efforts during the worst oil spill in U.S. history. "Several layers of review and approval by the White House and (Department of Homeland Security)

KOBE, Japan - The world is losing momentum in the battle against global warming, the U.N. climate chief warned on Saturday, urging environmental ministers from wealthy nations to revive the effort by setting clear targets for reducing greenhouse gases. The ministers gathered in the western Japanese city of Kobe for a three-day meeting as evidence mounted that rising world temperatures have been taking a toll on the earth at a faster rate than previously forecast. The officials from the Group of Eight countries, joined by representatives from other countries including China and other organizations, were to lay the foundations for...

WASHINGTON, Jan. 12, 2006 – The horrific attacks against those trying to build a new Iraq and against innocent Iraqis are to create fear and doubt in the people of Iraq, a Multinational Forces Iraq spokesman said in Baghdad today. Speaking to Pentagon reporters via satellite, Air Force Brig. Gen. Donald Alston said the terrorists targeted innocent Iraqis in the recent string of attacks in Karbala, Baghdad, Muqtadiyah and other areas. The terrorists are not slowing the drive toward democracy, he said. He also spoke of the coalition and Iraqi successes against the threats of car bombs. The general said...

WASHINGTON - The chief U.S. negotiator on global warming acknowledged Wednesday the nation's glacial pace in reducing greenhouse gases and said even that might not continue in the future. "One can argue whether it's slowing down fast enough, but it is slowing down," Harlan Watson, a State Department special envoy, told the Senate Environment and Public Works Committee. "We're doing better than business as usual. That's the president's goal." Business as usual allows the United States to release into the air each year about 6.6 million tons of carbon dioxide, methane and other gases scientists blame for heating the atmosphere...

TUCSON, Ariz. (AP) - A top federal official claimed Thursday that the Border Patrol during a recent crackdown has reduced illegal immigration along the well-traveled route from Mexico into Arizona. "We are making progress ... in decreasing numbers and the flow of aliens across Arizona," said Robert Bonner, commissioner for U.S. Customs and Border Protection. In a telephone interview from Washington, he noted that total apprehensions of illegal immigrants crossing into Arizona dropped about 13 percent over the past six months compared to the same period a year earlier. "Same song, different day," countered the Rev. Robin Hoover, founder of...

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