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Lord King’s analogy was apt, as central bankers had indeed managed to guide investor expectations and achieve their desired outcomes without having to make significant changes to official rates. The unconventional measures taken during times of crisis had proven to be effective in stimulating economies and maintaining control over inflation. However, as the global economy began to recover from the effects of the pandemic, central banks faced a new set of challenges that tested the limits of the Maradona theory. One of the key issues that central bankers grappled with was the threat of rising inflation. As economies reopened and…

President Joe Biden is set to welcome Kenya President William Ruto for a state visit this week, with a grand state dinner scheduled to take place at the White House on Thursday. This marks the sixth state visit of the Biden administration, following a similar event in December 2022 when French President Emmanuel Macron made a visit, reviving a tradition that had been paused due to the Covid-19 pandemic. State visits typically involve a series of formal ceremonies, meetings, and a lavish dinner. The concept of state dinners dates back to 1874, when Ulysses S. Grant hosted King Kalākaua of…

In the early 1990s, India made a significant shift away from the principles of swadeshi, or self-sufficiency, that had been a guiding force in its policies since gaining independence. During this time, subsidies were eliminated and import levies were drastically reduced. As a result, by 2014, the average tariff in India had fallen to 13%, down from 125% in 1991. This reduction in trade barriers led to a significant increase in exports for the country. Despite the growth in exports, India’s trade remains somewhat unbalanced, particularly in the eyes of Prime Minister Narendra Modi. While India has established itself as…

Former President Donald Trump, the Republican Party’s presumptive nominee in the 2024 presidential race, has been found guilty on 34 charges of falsifying business records. This marks the first time in American history that a former president has been convicted of a felony. The charges against Trump stem from his alleged falsification of the repayment of his former lawyer Michael Cohen, in an attempt to cover up a $130,000 payment Cohen made to adult film star Stormy Daniels. The payment was reportedly made to keep her from speaking out about an alleged affair with Trump before the 2016 election, an…

Father’s Day is a special occasion to honor fathers. People often show their appreciation through gift giving, acts of kindness, and spending quality time with their dads. This annual celebration takes place on the third Sunday in June and has a long history that has withstood controversy. Sonora Smart Dodd, the daughter of a Civil War veteran, is the American who founded Father’s Day. Let’s delve into the history of this meaningful day and explore how you can celebrate it this year. Father’s Day is a time to recognize fatherhood and the important role that fathers play in the lives…

Trader Joe’s Insulated Cooler Bags Fly off Shelves Thanks to Social Media Influencers Trader Joe’s recently unveiled a new product – miniature insulated cooler bags – that has sparked a frenzy among shoppers, thanks in large part to social media influencers like Thaddeus Yan. Yan, a social media content creator, wasted no time in purchasing as many of the bags as he could get his hands on from a Trader Joe’s store, paying $3.99 each for the bright teal and hot pink bags with prominent TJ’s branding. The mini-coolers have become a hot commodity, with some listings on eBay fetching…

Land in Shenzhen, China’s southern technology hub, has long been a scarce and coveted resource. In recent years, plots in the city have fetched sky-high prices, driven by high demand and limited availability. However, the landscape appears to be shifting, as one of the country’s largest property firms, Vanke, prepares to sell 19,000 square meters of land at a significant discount. On May 18th, Vanke announced that it would be selling the parcel of land at a discounted price of 900 million yuan ($125 million), which represents a 29% reduction from the price it paid for the land seven years…

Puck Pieterse and Sam Gaze both claimed victory in the Elite UCI Cross-country Short Track World Cup event in Val di Sole, resulting in an Alpecin-Deceuninck double. In the women’s race, Pieterse muscled her way to the front and set the pace, with top contenders such as Evie Richards and Pauline Ferrand-Prévot doing their best to keep up. Chiara Teocchi later took the lead, but Pieterse remained strategic and ultimately sprinted to victory against Ferrand-Prévot. Reflecting on her win, Pieterse expressed her satisfaction with her performance and tactics in the race. She acknowledged that the previous weekend in Nove Mesto…

In a groundbreaking verdict, former US President Donald Trump has been convicted of a felony for the first time in history. A jury on Thursday found Trump guilty on 34 charges of falsifying business records. The charges stem from a cover-up scheme in which Trump allegedly hid reimbursement payments to his former attorney, Michael Cohen, who had paid hush money to adult film star Stormy Daniels to keep quiet about an alleged affair with Trump before the 2016 presidential election. Trump has consistently denied the affair. Judge Juan Merchan has scheduled Trump’s sentencing for July 11. Despite the guilty verdict,…

Father’s Day is a special occasion where many people struggle to figure out the perfect gift for their dad, uncle, husband, or favorite fella. As the holiday approaches every third Sunday in June, individuals often turn to the internet to seek inspiration for the ideal present. While traditional gifts like ties, hats, shoes, and mugs are common choices, opting for something more unique can make this Father’s Day memorable. This list offers 20 gift ideas that are both practical and enjoyable for the recipient to use throughout the summer months. For the beer, wine, or cocktail enthusiast, consider a subscription…