Upcoming interest rate showdown a multi-layered drama

President Trump should be happy about what the Federal Reserve did on Wednesday. He should be mad as hell about what the Fed did on Wednesday. Take your pick. Both are valid statements about the possible deep-down reaction of the president. And no matter what Trump decides to say publicly — and he will say…
Business | New York Post

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Taraji P. Henson Opens Up About Her ‘Miserable’ Experience On ‘Person Of Interest’

Taraji P. Henson is opening up about her exit from CBS’ “Person of Interest,” and it nearly six years after her character, NYPD Detective Joss Carter, was fatally shot.

During Variety‘s annual Actor on Actor conversations the “Empire” star said, “I had to leave a show before, and it was the most money I’d ever seen in my life, and I was so miserable. It was stealing my joy. I just remember praying to God: ‘God, I’m not happy creatively.’

“[T]he next day, I called the producer. He got it. And I walked away, not even knowing where I was going,” she continued. “I ended up doing a play in Pasadena.”

Henson went on to perform at the Pasadena Playhouse’s world premiere of the play “Above the Fold.”

“I didn’t care about who was coming to the theater, executives or casting directors. It was about Taraji falling back in love with this craft,” she said during the Variety chat. “Fox had to woo me to do Empire]. I wouldn’t read the script. I was done with television.”

Back in November 2013 Henson dished about her shocking exit from POI to TVLine: “We always knew it was going to happen, so it wasn’t a surprise. It was just about when. But, yeah, I found out on Valentine’s Day [2013].”

And she wasn’t as heartbroken over her character’s demise as the audience was.

“I don’t think I’m there in my career yet, where I ride out a show until the wheels fall off. I’m still getting calls  by big-time movie directors and I still have a lot of movies I want to do. So that was always the plan. I don’t want people to think that we had some kind of argument, or there was a falling out. No, no, no. We’re all on the same page and it’s all good.”

Series EP Jonah Nolan also spoke of the decision to kill off Carter to TVLine, “I flew out early in the year to sit down with Taraji and say, ‘OK, here’s where we’re going,’ and she knew [it had been a possibility]. It was a wonderful but bittersweet conversation.”

He added, “the promise we made to Taraji and all of our actors is we weren’t signing them up for a show where, even if everyone was wildly successful and the ratings were great, we’d have them spin wheels for 200 episodes.”

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Why ‘Rocketman’ winning rave reviews won’t necessarily boost interest in Elton John’s music

If "Bohemian Rhapsody" is anything to go by, Elton John's catalog is about to enjoy a new lease on life.
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Philippines Cuts Key Interest Rate As GDP Growth Eases To 4-year Low

The Philippines central bank unexpectedly cut its key interest rate in May, after official data showed that the economic growth was the weakest in four years in the first quarter of this year. The Monetary Board, led by Governor Benjamin Diokno, decided to slash the overnight reverse repurchase facility rate by 25 basis points to 4.5 percent, a statement from the Bangko Sentral ng Pilipinas said.
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Fed’s James Bullard says interest rate policy is ‘a little tight’ right now

Speaking at a time when the White House is pushing the Fed to lower rates, Bullard would not commit to that course.
Economy

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Vice President Mike Pence backs Trump’s call to lower interest rates, citing low consumer inflation

Trump and economic advisor Larry Kudlow have also called for lower rates, though the Fed generally makes decisions independently of political demands.
Politics

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Home prices are about to heat up again as interest rates fall

Home price gains are about to take off, according to Corelogic. The real estate data and analytics company is predicting that annual gains in home prices could hit close to 5 percent by 2020, thanks to falling interest rates.
Real Estate

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Will JPMorgan Chase ever raise interest rates on bank accounts?

Dear John: JPMorgan Chase chief executive Jamie Dimon is quoted as saying, “I don’t want to be a tone-deaf CEO. … It is absolutely obvious that a big chunk has been left behind.” Too bad he doesn’t consider increasing interest on bank accounts. J.D. Dear J.D. Ouch! Cruel, but true. Of course, you understand that…
Business | New York Post

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Fed Leaves Interest Rates Unchanged, No Longer Expects Rate Hikes This Year

In a widely anticipated move, the Federal Reserve announced its decision Wednesday to leave interest rates unchanged following a two-day monetary policy meeting. The central bank’s forward projections also indicated interest rates are likely to remain unchanged for the remainder of the year.
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Must Read: Kim Kardashion Is Suing Missguided, Interest in Chanel Spikes Following Karl Lagerfeld’s Death

These are the stories making headlines in fashion on Thursday. Kim Kardashion is suing Missguided This is not the week to mess with a Kardashian: Kim, who’s spent the first part of the week blasting fast fashion retailers on social media, has decided to take legal action against Missguided for …

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Police Questioning ‘Persons Of Interest’ In Smollett Case

(Photo by AP)

CHICAGO (AP) — Detectives are interviewing two “persons of interest” who surveillance photos show were in the area of downtown Chicago where “Empire” actor Jussie Smollett said he was attacked last month, police said Thursday.

The two men aren’t considered suspects but may have been in the area at the time Smollett said he was attacked, Chicago police spokesman Anthony Guglielmi said. Smollett said two masked men shouted racial and homophobic slurs before attacking him and putting a rope around his neck around 2 a.m. on Jan. 29.

Guglielmi told The Associated Press that the two men are the same people shown in surveillance photos released last month by police. Guglielmi said the men were identified through advanced technology, interviews with Smollett and witnesses, and transportation records.

Smollett, who is black and openly gay, told ABC News in an interview that aired earlier Thursday that he believes the people of interest are the ones who attacked him.

“I don’t have any doubt in my mind that that’s them,” he said. “Never did.”

No arrests have been made in the case. Police said they have not found surveillance video that shows the attack but that the investigation is ongoing.

Smollett also told the ABC News that people who question his narrative of the attack were “ridiculous” to think he would lie. Smollett has said he was attacked while out getting food at a Subway restaurant.

“I’ve heard that it was a date gone bad, which I also resent that narrative,” he said. “I’m not gonna go out and get a tuna sandwich and a salad to meet somebody. That’s ridiculous. And it’s offensive.”

He said he didn’t remove the rope from around his neck before police arrived “because I wanted them to see.”

The singer and actor said the attackers also yelled “this is MAGA country,” referencing President Donald Trump’s “Make America Great Again” slogan. Smollett said earlier reports from some media outlets that his attackers were wearing “MAGA” hats were inaccurate.

“I didn’t need to add anything like that,” he said. “I don’t need some MAGA hat as the cherry on top of some racist sundae.”

Smollett said he didn’t want to call police at first, but that his friend and creative director, Frank Gatson, called on his behalf. Smollett also said he didn’t initially want to give police his cellphone because the device contained private content and phone numbers.

Smollett later gave detectives heavily redacted phone records that police have said are insufficient for a criminal investigation.

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Jussie Smollett Believes the Two Persons of Interest on Surveillance Footage Are His Attackers, Police Say They’ve Been Identified But Are Not Suspects [Video]

Jussie Smollett is convinced the two men in the surveillance photo released by police earlier this month are the two men who attacked him.

via TMZ:

Jussie appeared on ‘GMA’ Thursday, and was clearly frustrated some people don’t believe his story.

The 2 men in the surveillance photo are considered “persons of interest” but not suspects by the Chicago PD. Cops tell us the video shows the 2 men on the other side of the street from Jussie, but there is a 60-second gap in the video.

Jussie went on to explain why he refused to give his phone to cops so they could validate his story that he was talking to his manager at the time of the attack and the manager heard it go down. Jussie explained he had various private photos, videos and phone numbers and did not want that data compromised.

He tells Robin Roberts about his injuries and why he kept the rope around his neck until police arrived. 

In a statement released Thursday, police said they identified the two people in the surveillance photos and tracked their movements using cameras, public transportation records and corroborating info provided by Smollett.

Anthony Guglielmi, spokesman for Chicago Police Department, said the two persons of interest are not suspect and have not been charged. Police said there is no evidence that they were involved in the attack.

Check out the video below.

The post Jussie Smollett Believes the Two Persons of Interest on Surveillance Footage Are His Attackers, Police Say They’ve Been Identified But Are Not Suspects [Video] appeared first on lovebscott – celebrity news.

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Apple recently hired a prominent obstetrician, signaling interest in women’s health

Apple has hired Christine Curry, an obstetrician who is known for treating pregnant women with the Zika Virus, according to several people familiar.
Health and Science

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Curbing surprise medical bills draws rare bipartisan interest

President Trump said taming unexpected bills would be a top priority.
ABC News: Health

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December pending home sales drop to lowest point in five years, despite much lower interest rates

House hunters signed 2.2 percent fewer contracts to buy existing homes in December, according to the National Association of Realtors. These so-called pending sales are a future indicator of closings in one to two months.
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Chicago Police Release Photo Of “Persons Of Interest” In Smollett Attack

CHICAGO (AP) — Detectives reviewed surveillance footage of “Empire” actor Jussie Smollett walking to his downtown Chicago apartment, but so far none of the video shows him being attacked by two masked men, although investigators have obtained images of people they would like to question, a police spokesman said Wednesday.

Spokesman Anthony Guglielmi tweeted photos of the “persons of interest” Wednesday evening.

 

 

Investigators “for the most part” can confirm the route Smollett took early Tuesday when he says he was attacked along a street in the Streeterville neighborhood after visiting a sandwich shop, Guglielmi said. However, there are gaps, and none of the footage shows an attack, he said, although the review is ongoing.

Smollett, who is black and gay and plays the gay character Jamal Lyon on the hit Fox television show, said the men beat him, subjected him to racist and homophobic insults, threw an “unknown chemical substance” on him and put a thin rope around his neck before fleeing.

Guglielmi said detectives, who are investigating the allegations as a possible hate crime, have looked at hundreds of hours of surveillance video from businesses and hotels in the heavily monitored area. But he said they still need to collect and view more. He said they are expanding the search to include footage from public buses and buildings beyond the scene’s immediate vicinity in the hopes of spotting the men who match Smollett’s description of the suspects.

“We haven’t seen anybody, at this point, matching the description he gave. Nobody looks menacing, and we didn’t find a container anywhere,” Guglielmi said, referring to a container for the liquid that the actor said was thrown at him.

Smollett has not spoken publicly about the attack, but his representative told The Associated Press Wednesday night that the actor “is at home and recovering.”

Now in its fifth season, the hourlong drama follows an African-American family as they navigate the ups and downs of the record industry. Smollett’s character is the middle son of Empire Entertainment founder Lucious Lyon and Cookie Lyon, played by Terrence Howard and Taraji P. Henson, respectively.

After the attack, Smollett returned to his apartment, and his manager called police from there about 40 minutes later, Guglielmi said. When officers arrived, the actor had cuts and scrapes on his face and the rope around his neck that he said had been put there by his assailant. According to Guglielmi, the 36-year-old later went to Northwestern Memorial Hospital after police advised him to do so.

The FBI is investigating a threatening letter targeting Smollett that was sent last week to the Fox studio in Chicago where “Empire” is filmed, Guglielmi said. The FBI did not immediately return a call seeking comment Wednesday.

Bobby Rush, a Democratic congressman from Chicago, issued a statement calling on the agency to conduct “an immediate and sweeping civil rights investigation into the racist and homophobic attack.”

In addition to his acting career, Smollett has a music career and is a noted activist, particularly on LBGTQ issues. Smollett’s representative said his concert scheduled for Saturday in Los Angeles will go on as planned.

The report of the attack drew a flood of outrage and support for Smollett on social media. Among the many celebrities and politicians who weighed in was California Sen. Kamala Harris, a 2020 Democratic presidential hopeful who knows Smollett. She called the attack “outrageous” and “awful.”

Some of the outrage stems from Smollett’s account to detectives that his attackers yelled that he was in “MAGA country,” an apparent reference to the Trump campaign’s “Make America Great Again” slogan.

Chicago has one of the nation’s most sophisticated and extensive video surveillance systems, including thousands of cameras on street poles, skyscrapers, buses and in train tunnels.

Police say the cameras have helped them make thousands of arrests. In one of the best-known examples of the department’s use of the cameras, investigators in 2009 were able to recreate a school board president’s 20-minute drive through the city, singling out his car on a succession of surveillance cameras to help them determine that he committed suicide and had not been followed and killed by someone else, as his friends speculated.

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Berlin auctioneer expects British, Russian interest in Hitler watercolours

The pictures – three anemic watercolours showing a mountain scene, a river and a distant figure sat beneath a tree – are little different from wares on sale at flea markets the world over, except for the autograph scratched in the corner: “A.Hitler”.


Reuters: Arts

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Fed Raises Interest Rates But Forecasts Fewer Rate Hikes Next Year

In a widely expected move, the Federal Reserve announced its decision to raise interest rates by a quarter point on Wednesday. The central bank said its Federal Open Market Committee decided to raise the target range for the federal funds rate by 25 basis points to 2.25 percent to 2.50 percent.
RTT – Top Story

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Why it’s likely the Fed will raise interest rates this week

The Federal Reserve will almost certainly raise interest rates on Wednesday despite pressure from President Trump not to do so. But what would happen if the Fed didn’t raise rates? The first thing would be that Trump would do one of those end-zone dances that I hate so much. (And if you think football players…
Business | New York Post

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‘Bond King’ Jeffrey Gundlach says the Fed shouldn’t raise interest rates this week

DoubleLine Capital founder and CEO Jeffrey Gundlach spoke with CNBC's Scott Wapner in Los Angeles on Monday.
Economy

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Robinhood’s 3 percent interest claim misses the mark

Yes — a checking account that gives you 3 percent interest is probably too good to be true. Robinhood — a popular investing app backed by some of Silicon Valley’s most prestigious investors — announced Thursday it would hold consumers’ cash in insured checking and savings accounts that yielded a 3 percent interest rate —…
Technology News & Reviews | New York Post

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Trade tariffs, higher interest rates are slowing global economic growth, OECD says

Amid prolonged trade disputes and rising interest rates, the global economy will continue to slow down next year, according to the OECD's latest forecasts. But the Paris-based group doesn't see a recession on the horizon. 
World News & Analysis

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Housing stocks get hit hard amid weak data and worries on Wall Street about rising interest rates

Housing stocks fall broadly after analysts at Credit Suisse lowered their ratings and price targets on several companies in the sector.
Real Estate

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Rising prices and interest rates are a ‘one-two punch’ to homebuyers, Lennar chairman says

"Of course, we respect, like many, the independence of the Fed, but at the same time, would we like them to slow down the pace? Of course we would," Lennar Executive Chairman Stuart Miller said.
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Weekly mortgage applications fall 1.7% as interest rates move above 5%

Extremely weak demand for mortgage refinances has been driving the overall drain on mortgage lending. Refinance volume fell another 3 percent last week and was 32 percent lower than a year ago.
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The Fed’s interest rates push could slow down the economy

When will rising interest rates be a real problem for the stock market? Nobody has the answer to that question, although a lot of people are venturing guesses now that rates are climbing steadily. The problem with those guesses is that a complex combination of factors is at work. The stock market suffered sizeable declines…
Business | New York Post

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Stocks Close Firmly Negative Amid Interest Rate Worries – U.S. Commentary

Stocks saw considerable weakness during the trading session on Thursday, extending the pullback seen in afternoon trading on Wednesday. With the drop on the day, the Dow gave back ground after ending yesterday’s trading at a record closing high.
RTT – Top Story

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