Blackbeard

The Federal Reserve is ready to cut interest rates, confident that inflation is easing to normal levels and wary of any more slowing in the job market.

“The time has come for policy to adjust,” Fed Chair Jerome H. Powell said Friday, in his most anticipated speech of the year. “The direction of travel is clear.”

Powell did not specify a timeline, or forecast how much Fed leaders were preparing to lower rates. But his remarks came as close as possible to teeing up a cut at the Fed’s next policy meeting in mid-September. Rates currently sit between 5.25 and 5.5 percent, where they have remained since July 2023. The open question now is whether officials will opt for a more aggressive cut next month — a half-point instead of a more typical quarter-point.

Since 2008, Congress, with bipartisan support, has spent billions on rental aid for unhoused veterans and cut their numbers by more than half, as overall homelessness has grown. Celebrated by experts and managed by the Department of Veterans Affairs and the Department of Housing and Urban Development, the achievement has gained oddly little public notice in a country in need of broader solutions.

Progress in the veterans program has slowed as rising rents displace more tenants and make it harder to help them regain housing. But while homelessness among veterans rose last year, the increase was smaller than other groups faced. Admirers say the program’s superior performance, even in a punishing rental market, offers a blueprint for helping others and an answer to the pessimism in the debate over reducing homelessness.

As concerns about returning service members grew during wars in Afghanistan and Iraq, Congress in 2008 revived a pilot program, called HUD-VASH, that pairs vouchers from the housing department with case management from the veterans department. Voucher holders pay 30 percent of their income for rent, while the federal government covers the rest up to a local ceiling.

After expanding the program every year, Congress has created about 110,000 vouchers, meaning veterans have much shorter waits for rental aid than other homeless groups. The vouchers cost more than $900 million a year.

“The fundamental reason why homelessness among veterans has fallen so much is that Congress has provided resources,” Mr. Kuhn said.

Notably, the rental aid comes with no conditions: Services like drug treatment or mental health care are offered but not required. That approach, called Housing First, once enjoyed bipartisan support but has recently drawn conservative critics who say it promotes self-destructive behavior.

A major expansion underway inside Iran’s most heavily protected nuclear facility could soon triple the site’s production of enriched uranium and give Tehran new options for quickly assembling a nuclear arsenal if it chooses to, according to confidential documents and analysis by weapons experts.

Inspectors with the International Atomic Energy Agency confirmed new construction activity inside the Fordow enrichment plant, just days after Tehran formally notified the nuclear watchdog of plans for a substantial upgrade at the underground facility built inside a mountain in north-central Iran.

Iran also disclosed plans for expanding production at its main enrichment plant near the city of Natanz. Both moves are certain to escalate tensions with Western governments and spur fears that Tehran is moving briskly toward becoming a threshold nuclear power, capable of making nuclear bombs rapidly if its leaders decide to do so.

A federal judge blocked most of a law championed by Florida Gov. Ron DeSantis (R) that strictly limited transgender health care for adults and banned it completely for children.

In his decision, U.S. District Judge Robert L. Hinkle rejected a common mantra of the DeSantis administration, saying that “gender identity is real,” and that the state cannot deny transgender individuals treatment.

“Florida has adopted a statute and rules that ban gender-affirming care for minors even when medically appropriate,” Hinkle wrote. “The ban is unconstitutional.”

More efficient manufacturing, falling battery costs and intense competition are lowering sticker prices for battery-powered models to within striking distance of gasoline cars.

For much of the last four years, automakers and their dealers had so few cars to sell — and demand was so strong — that they could command high prices. Those days are over, and hefty discounts are starting a comeback.

During the coronavirus pandemic, auto production was slowed first by factory closings and then by a global shortage of computer chips and other parts that lasted for years.

With few vehicles in showrooms, automakers and dealers were able to scrap most sales incentives, leaving consumers to pay full price. Some dealers added thousands of dollars to the manufacturer’s suggested retail price, and people started buying and flipping in-demand cars for a profit.

But with chip supplies back to healthy levels, auto production has rebounded and dealer inventories are growing. At the same time, higher interest rates have dampened demand for vehicles. As a result, many automakers are scrambling to keep sales rolling.

I can see that there are posts that have been made to my community, but when I go straight to the community they are not visible to me. I have "Show Read Posts" toggled on, my language selection is "Undetermined", the community's language selection is "Undetermined". What am I doing wrong? Is this a bug, or is there a selection I'm missing?

Also, can someone explain what "Warning: If you deselect Undetermined, you will not see most content." means and why it's necessary?

Noob mod here. Zero experience with the fediverse, so go easy on me.

This post: https://lemmy.world/post/421577

Doesn't show up on https://lemmy.world/c/collegebasketball when I visit the community.

Why can't I see it? Am I just missing something incredibly obvious, do I have a setting wrong, or is there something I need to do to approve the post so it's visible within the community? Or is it visible to you and I'm just an idiot?

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