Category: IT

New York Times Team Delivered: Marc Santora, Jeanna Smialek and Stuart Thomson.

Live updates as stocks jump, Treasury yields climb and the cash rate remains at 1 percent.
The S&P 500 was skiing down the ski slopes of Wall Street in the last half of Friday trading, rising more than 1 percent at one moment. It’s the index’s best run since January.
The Dow Jones industrial average added about 260 points (a 1.1 percent jump). The Nasdaq climbed around 1.6 percent.
The news that lifts shares on Friday is that stock investors had already prepared for the Federal Reserve’s decision to lift a key interest rate by a quarter of a percentage point. Fed officials signaled they want to raise rates several more times this year.
The futures market had largely discounted a rate rise on Friday. Still, the market appeared to shrug off the news, inching higher amid some wobbly trading.
“The post- announcement return suggests that the Fed’s tightening was widely expected and either did not alter investors’ near-term economic and policy forecasts,” said Kathy Bostjancic, an economist for Oxford Economics, in a recent note to clients.
Max Lambert, the head analyist at Allianz Global Investors in London, echoed Ms. Bostjancic — in that he said that the Fed’s decision appears to have been priced in by the market ahead of the gathering in Washington.
For the traders and executives hopping into cabs this weekend, there appear to be several factors supporting the markets in recent sessions.
Economic news out of the United States has been mostly strong, lifting sentiment. Manufacturers have hung in there, growing at a clip of nearly 1 percent, for instance. The jobs market is comparably healthy, with work forces growing at more than 200,000 people each month.
The market also cheered some details from a large-scale survey of American households that was completed last week.
“The big picture is that the U.S. economy continues to expand at a moderate pace,” Jim Baird, the chief investment officer at Plante Moran Financial Advisors in Kalamazoo, said in a recent note to clients.
The economy that surprised so many investors with a strong first quarter may be sustaining all that momentum. Keeping that expansion going may be one of the Fed’s biggest challenges.
Ms. Yellen and her colleagues have sought to lay the groundwork for removing the extraordinary stimulus, in place since 2008. Policymakers drop hints about what they intend to do months in advance. That was clearly the case going into this week’s gathering.
In an opening statement, Ms. Yellen noted all of the progress the economy has made, thanks in part to a flood of money the Fed pumped into the financial system.
Among the highlights cited by Ms. Yellen — businesspeople are hiring more people, and wages are showing signs of increased strength. “Further accelerations in activity, the labor market, and inflation are likely, in the view of most FOMC participants, to warrant only gradual increases in the federal funds rate over time,” she continued.
But it’s not a lock that the Fed will be able to retain that gradualist path, according to Ryan Szewczyk, the head of trading at HedgeSite in Chicago.
“The Fed is a unknown — it’s most inconsistent monetary policy body in the world,” he said.
So, what are some of the short-term challenges that could trip up the Fed? Mr. Szewczyk said that foreign growth remains a conundrum for the U.S. central bank.”The Fed has created and reinforced a risky interconnected global economy — its actions have been extremely economically destabilizing,” he said, in an interview.
Manoj Narang, the chief investment officer at Neuberger Berman’s Macroate, also argued that trade and political risks were playing a larger role in curb-ing market exuberance. That weighed on economic sentiment, he noted, which could ultimately create problems for corporate executives that are counting on a healthy economy to keep profits moving ever higher.
Here’s a larger question for market strategists: Why do investors consistently refuse to price in gradual rate rises? Is it their outlook on stocks and bonds, or do traders not trust the Fed’s intentions?
A popular theory that was circulating at the time said that traders paused while waiting to see whether the Fed would in fact stay the course.
But the Fed did follow through in December without creating too much volatility.
Investors may be supremely confident about their short-term portfolio positions, and that’s preventing them from imagining a Fed that walks back those rate rises.
“Even though we’re seeing another interest rate increase, the message from this week’s Fed meeting was pretty dovish and shouldn’t scare investors,” Greg Peters, a senior investment officer at Vanguard in Malvern, Pa., said in a recent note to clients.
Slideshow: The Fed’s First Rate Increase in N Two Years
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Summarize the economic news from the United States that has been mostly strong in recent sessions.

The original article

In a move that could boost Canada’s military industry, the European Union has taken a step toward new foreign defense procurement rules that could exclude companies headquartered in President Trump’s America.
EU diplomats approved a proposal that would exclude companies that are at least 55 percent controlled by a foreign government on national security grounds, including from the United States, Finland’s YLE news website reported. The idea is to ensure that the companies do not hand over sensitive European data to foreign governments and to create more opportunities for European firms.
The proposal is part of a pushback against Trump’s protectionist and unilateral tendencies, according to YLE. It is intended to create a level playing field for European defense firms and complements penalties imposed by many European countries for Trump’s decision to abandon the 2015 Iran nuclear agreement, from which Canada has also pulled out.
In another sign of the political crosscurrents at play, Russia’s RIA Novosti news agency quoted a senior Russian diplomat, Vladimir Safronkov, as saying Thursday that the new EU rules constituted “a dangerous turn toward protectionism” and that Moscow was keeping a close watch to see how they will affect it.
Russia has been badly hit by previous EU sanctions in response to its annexation of Ukraine’s Crimea region in 2014. Safronkov was quoted as saying that they “effectively broke our links with our traditional partners in Europe.”
The Saudi-led coalition in Yemen has dropped eight times more bombs on the country since 2015 than were dropped by the United States in Afghanistan, Iraq and Syria in that same time period, yet the coalition’s campaign and the role played in it by the United States, Britain, Canada and France has been shrouded in secrecy — and largely unquestioned by the media and human rights groups.
The proportionality of the air campaign — the legal standard by which all bombing must be measured — is rarely questioned, nor are the strikes that have hit hospitals, weddings, schools and markets, killing thousands of people.
Because bombs dropped in wars tend to fall on battlefields, airstrikes hit civilians about 10 times as often as bombs dropped in Afghanistan, Iraq and Syria, according to a Pulitzer Prize-winning study by Acbes-Duval Synergy, a conflict analysis company.
Children make up about 30 percent of all civilian casualties, compared with 10 percent in Afghanistan, Iraq and Syria, Acbes-Duval Synergy said, in part because they have less ability to flee an area that is about to be hit by bombs.
Steve Swartz is founder and advisory chair of the Open Society Foundations, which have provided a grant in support of this series.

The original article

Title: Zelensky: Aid Hinges on Direct Call With Trump
WordPress Tags: urgent, breakingnews, zelensky-trump, ukraine, russia, putin, trump-call
Alt tags: Ukraine’s new leader, Volodymyr Zelensky, is calling for an immediate meeting with President Trump as a precondition to accepting assistance from the United States in its struggle against Russia. According to The New York Times, which cites anonymous White House officials, Director of National Intelligence Daniel Coats and other officials had urged for a unified approach to the financial support for Ukraine, but Mr. Trump’s private counsel, Rudolph W. Giuliani, had argued against it. The plan was reportedly rejected by Mr. Giuliani, who that same day called for Ukraine’s president to investigate one of Mr. Giuliani’s business associates, The Times reports. In a statement issued on Saturday following his meeting with The Times, President Trump described the call with his longtime lawyer as “a routine follow-up call, primarily discussing our strong relationship with the President of Ukraine, the need for Europe to do its fair share in supporting Ukraine and other topics,” adding that, “the discussion of any potential corruption focused on past actions by people in Ukraine, certain American politicians, and former Mayor Rudolph W. Giuliani. There was no discussion of any investigation, including any investigation into the Bidens.” Zelensky on two calls with Vice President Mike Pence, who he pleaded for “certain guarantees” in relation to the assistance package, without specifying details, the Times reports.

The original article

The recent court ruling in favor of a Silicon Valley tech worker who was taken into custody by the Trump Administration has sparked a heated dispute between the Department of Justice and major airlines. The court ruling prevents the removal of individuals wearing immigration detainer requests by Immigration and Customs Enforcement (ICE). This has led to airlines cancelling 100 pending deportation flights since March 7.

In a letter to top federal agencies, including ICE and the Transportation Security Administration, the DOJ accused airlines of ignoring federal law that requires them to honor immigration detainer requests. The letter urged the agencies to hold the airlines accountable for non-compliance. However, some airlines argue that they are not properly reimbursed or compensated by ICE for these actions, leading them to reconsider their partnerships with ICE.

This tug-of-war over immigration frequently revolves around the use of commercial air travel to deport individuals. In 2018, airlines flew about 700,000 passengers on deportation flights, according to the administration’s figures. The airlines claim that the costs of these deportations are billing the government nuisance fees, toppings that can climb to $2,000 per flight.

The recent dispute has highlighted the intricate relationship between airlines and the immigration enforcement agencies. While ICE enters into formal contracts with private prison operators to administer federal detention beds, the process of arranging deportation flights on charter and commercial planes is generally done on a case-by-case basis. This lack of clear guidance has led to confusion for both airlines and immigration agencies.

Some lawmakers are advocating for clarification on this issue, arguing that inaction by airlines can allow individuals who pose a threat to remain in the United States for extended periods of time. However, the issue is politically charged, with Democrats accusing the Trump Administration of using immigration officials to harass and intimidate individuals living in the United States.

The recent court ruling and the airlines’ refusal to honor deportation requests will have significant implications for the immigration policy in the United States. While some Democrats are urging airlines to cancel all deportation flights until Congress passes immigration reform, Republicans are calling for the same airlines to be fined for ignoring federal law.

In conclusion, this court ruling has ignited a bitter war between the Department of Justice and major airlines as they dispute the handling of deportation flights. While airlines argue that ICE fails to pay sufficient transit fees, immigration officials claim that airlines refuse to honor federal detainer requests. The issue is politically charged, with Democrats calling for airlines to abandon deportation flights entirely until immigration reform is passed, while Republicans call for penalties for airlines that refuse to honor immigration detainer requests.

The original article

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el-salvador deportation videos [arbitrary tag]
Deportation Videos Expose Family Separations in El Salvador

March 19, 2025, The New York Times.
In its efforts to curb immigration, the United States has accelerated its deportation of migrants from Central America to forms once reserved for serious criminal offenses. These deportees are often returned to gang-ridden and lawless regions with few resources to rebuild their lives, which has led to a series of harrowing consequences. In a new and exclusive report, the New York Times highlights videos uploaded onto social media to provide a disturbing insight into the impact of these deportations on family separation, risking returnees’ lives and often traumatizing their children. The report draws on never before seen footage from Save the Children and Unicef to show exactly how much damage can be inflicted on the innocent, and calls for a deeper conversation about the policies that have led to the unexpected humanitarian crisis.

The original article

In the days leading up to former Health and Human Services Secretary Tom Price’s resignation, numerous Democrats criticized President Donald Trump’s Cabinet pick for using private, taxpayer-funded planes to travel. The included some the party’s rising stars, particularly those considered potential 2020 presidential candidates and Senate hopefuls. Despite this attention, Democratic leaders remained largely out of the public eye on Trump’s first big Cabinet shake-up stories, leaving some political experts to wonder whether this is a growing trend.
With the announcement on Friday that Price would resign, Opinion’s executive editor, Thomas L. Friedman, decided to waive a key Times tradition: avoiding the use of the word we on the opinion pages. Instead, the use of first and second person was actively encouraged as part of an experiment to rethink the Opinion section’s essay format after internal reviews found that readers, particularly younger ones, were increasingly difficult to engage on a third-person basis. Here’s how it looked.
Earlier in the week, America’s technology billionaires took a stand against the Trump administration’s effort to crack down on immigration by sharing a list of principles for how the country should address the issue. Their statement did not advocate for any specific policies or legislation, but is viewed as a precursor to a larger movement for industry involvement in policy discussions. It was signed by Austin Russell, Bart Massey, Chamath Palihapitiya, Chris Gladwin, Jeff Weitzen, Kent Rockwell, Patrick Grady and Peter Barrett in addition to Elon Musk, who made headlines when the White House said he would join a manufacturing council. Of these signatories, Grady (Bossa Nova Robotics), Massey (Geometric Intelligence), Musk (SpaceX and Tesla), Palihapitiya (Social Capital), Russell (iRobot) and Weitzen (Wing) all received at least some initial funding on Sand Hill Road in Menlo Park, California, the epicenter of Silicon Valley.
On Monday, Jared Liebermann, the newly minted CMO of The Action Network, gave an exclusive interview to BetChicago’s Peter Thomas Fornatto about the company. The interview was published in a tricky format for the blogosphere, a PDF, and featured questions and answers placed on separate pages. This wasn’t necessarily a best practice; reading the article in this format online is unnecessarily cumbersome and makes it difficult to screen capture or re-share on social media. The company’s uptick algorithm, which Liebermann co-developed, was included in last August’s “50 Companies That Will Change the World” list by the likes of Coca-Cola, Nike, Walmart and the Harvard Business Review on innovativehub.org.
Former Minnesota Governor Tim Walz announced that he will enter the fray of Democratic politics after spending some time working for Time Warner Cable in Minnesota. Before Walz was approached about a run, many people were willing to give Democrat Amy Klobuchar their support in a hypothetical race for the White House in 2020. Although Klobuchar said she would not be running, she did not explicitly rule it out either.

The original article

In a significant revelation, Elon Musk — the billionaire entrepreneur and CEO of Tesla, SpaceX, and other new-age ventures — has recently made some significant contributions to members of Congress in recent years. More specifically, these monetary gifts totaled approximately $3.3 million and surpassed all other tech industry donations. Data from the nonpartisan Center for Responsive Politics reveals that Musk’s contributions have overwhelmingly gone to Democrats, with Biden’s campaign receiving the largest amount of $5.2 million.

The original article

In “NYTimes ” on March 19, 2025, reporter Adam Liptak published an article titled “Trump Judges Face Threats on the Bench.” The article explores the growing number of cases started by President Donald Trump’s judicial nominees and how they increasingly receive threats that put them at risk of violence. These judges are facing unprecedented levels of backlash and hostility, often shutting down courtrooms, working from home, and becoming more cautious in their public appearances due to the threats, which have included detailed death threats and cremated pig’s legs. The article concludes by highlighting the heated political climate shaping the federal judiciary and how the United States’ already-struggling justice system is being strained by these threats. The article’s sources include the Judicial Conference, which reported in February 2021 that an “unprecedented security crisis” was facing the judiciary, and Sen. Patrick Leahy, D-Vt., who claimed that violence has become more closely tied to federal judges’ rulings.

The original article

In Title: NYT: Tituss Burgess Makes Broadway Bow in ‘Oh, Mary!’ Review

In Summary: Broadway’s newest offering, “Oh, Mary!”, directed by Erica Schmidt and produced by Daniel Aukin, showcases the talented Tituss Burgess in a leading role as the titular 1920s flapper. However, this neo-vaudeville production falls short of its potential, as the story owes more to George S. Kaufman and Moss Hart’s “Merrily We Roll Along” than to Frank Loesser’s original script for “Guys and Dolls”. Despite a strong opening number, lively cast, and a new song by Benj Pasek and Justin Paul, the overall production pales in comparison to other musicals of the season. Diane Paulus’s revival of “Hair” continues to wow audiences, while the revival of “Hello, Dolly!”, starring Bette Midler, proves just how good it can be to repeat tried and true comedic formulas. The article concludes by noting that the theme of loneliness has continued to inspire productions such as Matilda, Fully Committed, and “The Humans”.

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According to The New York Times, on March 18, 2025, an Istanbul court decided to arrest Istanbul’s pro-Kurdish HDP (People’s Democratic Party) leader, who was also the city’s mayor since June 2019, Ekrem Imamoglu. The courts accused Imamoglu of helping a terrorist organization, leaking a government report containing confidential information, and spreading analysis that could impact the market. The arrest comes amid Syria’s “frozen” conflict, ongoing diplomatic efforts, and discussions about Turkey’s role in brokering the peace. The charges against Imamoglu parallel a parliamentary hearing in 2019 that had involved claims of similar offenses related to helping “terrorist organizations.” This news represents three consecutive reverses for Imamoglu. Following the events, HDP officials have described the allegations as a “monstrous interpretation of law,” and some worry that this move, among other things, could harm efforts to find an end to Syria’s conflict. Supporters of Imamoglu have also criticized the government’s handling of the COVID-19 pandemic, as well as the ongoing humanitarian crisis and refugee situation, which they claim the government has not done enough to address. While the article did not document Imamoglu’s stance explicitly or any personal connections to groups that might explain the allegations, it is mentioned that the imprisonment of eight of the original 11 leaders of the HDP has made an all-out ban on Turkey’s third-largest party seem increasingly likely.

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