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Month: December 2024

Powell: Fed’s independence from politics is vital to its interest rate decisions

AP Economics Writer WASHINGTON (AP) — Chair Jerome Powell said the Federal Reserve’s ability to set interest rates free of political interference is necessary for it to make decisions to serve “all Americans” rather than a political party or political outcome. Speaking at the New York Times’ DealBook summit, Powell addressed a question about President-elect

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Republican Austin Theriault ends recount, conceding to Democratic US Rep. Jared Golden

Associated Press PORTLAND, Maine (AP) — Republican Austin Theriault has ended a recount, conceding to Democratic U.S. Rep. Jared Golden in Maine. The announcement Wednesday brings to an end a closely watched congressional race a month after Election Day. Theriault decided to end the recount after early results didn’t show a significant change in the

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Mexico’s Senate votes to charge cruise ship passengers $42 per head for port calls

MEXICO CITY (AP) — Mexico’s Senate has voted to charge cruise ship passengers $42 per head for port calls, drawing sharp criticism from the tourism industry. Mexican business chambers say the immigration charge — from which cruise passengers used to be exempt — may hurt the country’s half-billion-dollar-per-year cruise industry. The measure will go into

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UK dismantles massive money laundering operations tied to Russian oligarchs and cybercriminals

LONDON (AP) — British authorities say they have dismantled two massive money laundering operations linked to Russia that were used by oligarchs, organized crime groups, cybercriminals and drug dealers. The international sting known as Operation Destabilize seized 20 million British pounds in cash and cryptocurrency and arrested 84 suspects. It was revealed on the same

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Legislators propose 15% to 25% tax rate for new states adopting internet gambling

Associated Press ATLANTIC CITY, N.J. (AP) — Lawmakers from states with legalized gambling are proposing standards for other states that are considering allowing internet betting. The National Council of Legislators from Gaming States drafted model legislation for states that are weighing whether to permit internet gambling. They plan to discuss it next week at their

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