If a recession really is coming, here’s what Powell and Trump can do to stop it

With a bond market signal pointing to a recession, policymakers have a choice: act now or hope that conditions change for the better.
Economy

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Fed’s Charles Evans says US economy is slowing but downplays recession

Chicago Federal Reserve President Charles Evans says the U.S. economy has slowed but downplayed chances of a recession.
Economy

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Economy at ‘very real risk’ of falling into recession in late 2020, UCLA forecast says

There's "a very real risk" the national economy will skid into a recession in late 2020 after the current expansion that began a decade ago, the UCLA Anderson Forecast announced Wednesday.
Politics

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Stalled out job growth could be warning of slowdown but no signal of recession

February's job growth slowed to a crawl, but it is temporarily sluggish growth and not a sign of recession.
Economy

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Krugman expects to see a global recession this year, warns ‘we don’t have an effective response’

There is a decent chance the world economy is headed for a recession in 2019, according to Nobel Prize-winning economist Paul Krugman.
Economy

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8 Most Controversial Late-Night Moments of 2018: From Sam Bee vs. Ivanka to Bill Maher’s Recession Wish

Photo Illustration by The Daily Beast

“There’s a question I get asked a lot,” Jimmy Kimmel said at the beginning of a recent monologue. “Now that we have this president, people ask, ‘Is it easy now? It must be easy to write jokes, there’s so much material, the jokes must write themselves.’ And it’s not true. We still write the jokes ourselves. And in fact, in a way, it makes it harder to be funny when nonsense and stupidity is pouring on your head at all times.”

Kimmel’s comments were merely a set-up to explain that his jokes didn’t write themselves “until today, when Kanye West visited the White House.” But aside from those rare instances, his sentiment echoes what several late-night hosts have expressed during the first two years of the Trump presidency.

And especially in 2018, it seemed, the late-night men and still-too-few women frequently struggled to find the best ways to joke about this president and the madness that surrounds him. The daily onslaught of crazy from the White House, combined with a viewing public increasingly eager to call out any perceived transgression on social media, led to an unprecedented level of outrage, often of the “faux” variety.

Read more at The Daily Beast.

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The Daily Beast — Entertainment

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8 Most Controversial Late-Night Moments of 2018: From Sam Bee vs. Ivanka to Bill Maher’s Recession Wish

Photo Illustration by The Daily Beast

“There’s a question I get asked a lot,” Jimmy Kimmel said at the beginning of a recent monologue. “Now that we have this president, people ask, ‘Is it easy now? It must be easy to write jokes, there’s so much material, the jokes must write themselves.’ And it’s not true. We still write the jokes ourselves. And in fact, in a way, it makes it harder to be funny when nonsense and stupidity is pouring on your head at all times.”

Kimmel’s comments were merely a set-up to explain that his jokes didn’t write themselves “until today, when Kanye West visited the White House.” But aside from those rare instances, his sentiment echoes what several late-night hosts have expressed during the first two years of the Trump presidency.

And especially in 2018, it seemed, the late-night men and still-too-few women frequently struggled to find the best ways to joke about this president and the madness that surrounds him. The daily onslaught of crazy from the White House, combined with a viewing public increasingly eager to call out any perceived transgression on social media, led to an unprecedented level of outrage, often of the “faux” variety.

Read more at The Daily Beast.

Got a tip? Send it to The Daily Beast here

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‘I’m stunned’ by all the recession talk — Mohamed El-Erian warns against self-fulfilling prophecies

Economist Mohamed El-Erian warns Wall Street that being overly concerned about an economic recession could actually cause one.
Economy

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Nearly half of corporate CFOs are expecting a US recession by the end of 2019

Duke University's look at where 212 CFOs stand showed that 48.6 percent think the next negative growth period is less than 12 months away. 
Economy

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Trump could be the first president since Carter to face a recession while running for re-election

Until now, the special counsel's investigation has loomed as a singular threat to further erode the president's standing. But the uncertainty on display in gyrating financial markets this week has darkened expectations for Trump's last two years.
Politics

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Larry Summers: 50 percent chance of a US recession by 2020

The former Treasury Secretary warned the Fed should be careful not to raise rates too quickly. 
Economy

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A ‘geopolitical recession’ has arrived and the US-led world order is ending, Ian Bremmer says

Bremmer, who is the president and founder of political risk consultancy Eurasia Group, suggested a new economic downturn would lead to greater fragmentation across the globe.
Tech

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Recession risk is ‘below average’ for the next three years, Goldman says

The U.S. economic expansion is probably only in its middle stages, with the chances of a recession in the next three years standing a "below average" change, according to Goldman Sachs.  
Economy

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