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Trump calls for Fed governor to resign, widening pressure on central bank– www.channelnewsasia.com
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WASHINGTON: United States President Donald Trump called on Wednesday (Aug 20) for Federal Reserve Governor Lisa Cook to step down, expanding pressure on the central bank after recent criticism of Fed Chair Jerome Powell for not lowering interest rates sooner.
“Cook must resign, now!!!” Trump wrote on his Truth Social platform, while sharing a Bloomberg news report on how the Federal Housing Finance Agency’s (FHFA) director has called for greater scrutiny of Cook over a pair of mortgages.
FHFA director Bill Pulte – a staunch ally of Trump’s – had reportedly written a letter to the US Attorney General calling for an investigation of Cook while suggesting that she might have committed a criminal offence.
It was not immediately clear if such a probe will take place.
The Trump administration has pursued allegations of mortgage fraud against high-profile Democrats who are seen as political adversaries of the president.
The US leader’s targeting of Cook, who sits on the central bank’s rate-setting committee, comes after his repeated broadsides against Powell while the Fed kept the benchmark lending rate unchanged this year.
Cook took office as a Fed governor in May 2022 and was reappointed to the board in September 2023. She was sworn in later that same month for a term ending in 2038.
Cook has previously served on the Council of Economic Advisers under former President Barack Obama.
In recent months, Trump has called Powell a “numbskull” and “moron” as the central bank held rates steady to monitor the effects of US tariffs on inflation.
Trump had also previously suggested that what he said is an overly costly renovation of the Fed’s headquarters could be a reason to oust Powell, before backing off the threat.
Powell’s term as Fed chair ends in May 2026.
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With the runaway Texas Democrats folding, it’s only a matter of time before the new redistricting plan passes and Republicans pick up five new House seats. The decision to gerrymander the Lone Star State was made in response to states like California, which, despite its “independent commission,” has a map that gives Democrats 43 of the 52 seats with just 60 percent of the total vote.
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The Department of Homeland Security announced Tuesday morning that ICE has received 100,000 applications in less than 15 days from “patriotic Americans who want to help remove murderers, gang members, pedophiles, and terrorists” from the United States.
“Our country is calling you to serve at ICE,” Homeland Security Secretary Kristi Noem said in a statement. “In the wake of the Biden administration’s failed immigration policies, your country needs dedicated men and women of ICE to get the worst of the worst criminals out of our country. This is a defining moment in our nation’s history. Your skills, your experience, and your courage have never been more essential. Together, we must defend the homeland. JOIN.ICE.GOV.”
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Goldman Sachs is taking the heat for its call that heavier tariff-induced consumer inflation is ahead, but it’s far from alone in that view among its Wall Street brethren.
Despite investors’ embrace of Tuesday’s fairly benign consumer price index report, economists expect that the biggest impact to inflation is yet to come.
With pre-tariff inventories rolling off, effective tariff rates climbing higher and companies less willing to absorb higher costs from the duties, the general feeling is that consumers are increasingly going to feel the bite through the rest of the year.
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Election denier and now US Attorney for the District of Columbia says the hero of the resistance who threw a Subway sandwich at Trump’s Federal cops occupying Washington, DC has been charged with a felony.
“So President Trump has vowed to make D.C.
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Looks like Hunter Biden has bought himself some more trouble. Except it’s from a source you might not expect, and it’s all based on something Hunter said in a recent interview.
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WASHINGTON, DC — President Donald J. Trump signed an executive order on August 7, 2025, aimed at preventing financial institutions from denying services to Americans based on their political or religious beliefs or lawful business activities. The order comes in response to past instances where banks and regulators allegedly engaged in politically motivated account closures and restrictions.
The order cites examples of financial institutions participating in government-directed surveillance programs after the events of January 6, 2021, flagging transactions related to companies such as Cabela’s and Bass Pro Shops or payments referencing “Trump” or “MAGA” without evidence of criminal conduct. It also references “Operation Chokepoint,” a prior federal effort that pressured banks to limit services to certain legal industries deemed high-risk or controversial by regulators.
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California voters want to keep the state’s independent redistricting commission in place, even as Gov. Gavin Newsom (D-CA) pushes to redraw the maps by giving redistricting power to California‘s Democratic legislators, a new poll revealed.
Newsom wants to redraw the state’s lines in a way that favors Democrats to combat President Donald Trump’s push for Texas lawmakers to do the same in a way that favors Republicans.
A POLITICO-Citrin Center-Possibility Lab survey found that 36% of registered voters in California support returning congressional redistricting authority to state lawmakers. Sixty-four percent of voters in the state want to keep the commission.
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Newly declassified Top Secret emails sent on December 22, 2016 complying with President Obama’s order to create the manufactured January 2017 ICA about Russia expose how DNI James Clapper demanded the IC fall in line behind the Russia Hoax. Clapper admits that it was a “team sport” that required “compromise on our ‘normal modalities’”.
When the Director of National Intelligence tells people to “compromise normal procedures” for a “team sport,” that’s not intelligence – that’s conspiracy.
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Residents in parts of Washington DC took to the streets Wednesday to protest President Donald Trump’s takeover of the city’s police department and the surge of federal officers and National Guard troops. The demonstrations, marked by chants and calls for drivers to avoid police checkpoints, came as the White House defended the month-long federal control as necessary to combat crime, despite city data showing violent crime at a decades-low, reported AP.
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The Justice Department on Tuesday accused George Washington University of showing “deliberate indifference” toward antisemitism and harassment of Jewish, American Israeli, and Israeli students and faculty, in violation of federal civil rights law.
In a notice of findings sent to GWU President Ellen Granberg, the DOJ’s Civil Rights Division said the university failed to take meaningful action despite receiving multiple complaints about antisemitic incidents in spring 2024, when pro-Palestinian protesters descended on campus. Some protesters were seen in videos threatening and harassing Jewish students. Investigators concluded the university violated Title VI of the Civil Rights Act of 1964, which bars discrimination by recipients of federal funding.
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Excerpt:There’s been a lot of discussion lately about the growing political and cultural divide between men and women, particularly among young people. Of course, the top-line narrative is that young men are becoming more conservative and turning to faith, while young women are growing more secular and liberal.
It’s a generalization to be sure, but it stems from what our culture has done to boys and girls. Society teaches our girls to be “grrrrrrl bosses” and be powerful, but it erases boys, medicating them to oblivion if they exhibit any sign of boyishness and teaching them that they’re less than valuable.
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A hypothetical matchup for governor of New York is tightening, according to results showing a MAGA congresswoman coming closer to striking distance against Democratic Gov. Kathy Hochul.
If the election were held today, Rep. Elise Stefanik (R-NY) would finish 14 points behind Hochul. However, the contest is 15 months away, and the gap represents the smallest since news first emerged that Stefanik was considering a bid for the state’s corner office.
The Siena College poll also asked about Lee Zeldin, President Trump’s energy secretary, who ran for governor of New York in 2021. He trails Hochul by 11 points, the smallest margin of any Republican candidate on record.
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Inflation numbers released Tuesday beat economists’ expectations, sending one CNN anchor into an emotional tailspin as she attempted to explain away why President Donald Trump keeps winning each news cycle.
The July consumer price index (CPI) report showed that total energy prices fell 1.1% while food prices held steady and shelter ticked up 0.2%. Gas prices dropped 2.2%, an anomaly for a summer month where a record number of Americans travel during the summer holiday season, but also a reflection of a global economic slowdown.
On CNN, a morning anchor could barely stifle her surprise that Americans aren’t feeling a greater pinch at the grocery store after countless economic experts warned about the shock that President Trump’s tariffs would have on food prices.
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A Washington, D.C., city councilman accused of running a $156,000 bribery scheme is attacking President Donald Trump’s federal takeover of the city’s law enforcement.
The remarks from Trayon White come even as the Democrat lawmaker awaits trial on serious corruption charges.
White, 41, was sworn back into the council on Friday after winning a special election in July.
It comes months after he was expelled by his colleagues over his federal indictment.
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A man with ties to an anti-Israel group called Direct Action Movement for Palestinian Liberation (DAMPL) was arrested in Massachusetts this week after vandalizing the Massachusetts Statehouse, as well as buildings at MIT. It was later discovered that he had also left improvised explosive devices on Boston Common.
How long will it take for Democrats to begin defending this pillar of society?
WCVB News in Boston reports:
Member of pro-Palestinian group arrested after Massachusetts State House gate, steps vandalized with paint
A man associated with a pro-Palestinian group suspected in a series of vandalism acts targeting “prominent public institutions” faced charges Monday after the Massachusetts State House in Boston was vandalized with paint last month.
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July’s Consumer Price Index (CPI) report indicates that inflation is cooling more than expected, providing a boost to stock futures and placing greater weight on the U.S. dollar.
Consumer prices rose 2.7 percent in the 12 months since last July. This matched the 12-month period since June and came in below the expected rate of 2.8 percent. Core CPI, often considered a more accurate reading of long-term trends in the economy, rose .3 percent and 3.1 percent from a year ago.
Shelter costs ticked up 0.2 percent, accounting for most of the index’s gain, according to the BLS. Food prices held steady, while energy prices dropped 1.1 percent.
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A single photo often tells a more compelling story than all the statistics in the world.
Monday on the social media platform X, reporter Nick Minock of WJLA in Washington, D.C., posted a photo of a note taped to a car window in the nation’s capital.
“There is nothing of value in this car,” the note read. “Only restaurant supplies + broken dreams. Plz don’t break the windows for the fifth time.”
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Last Thursday, a Baltimore city circuit judge sentenced Patrick Brice to one year of home detention and three years’ probation after his infamous assault on elderly pro-lifers Mark Crosby and Richard Schaefer.
The grisly assault garnered headlines when on May 26, 2023, Brice, who was 28 years old at the time, savagely battered Crosby, who was 73, and Schaefer, who was 84.
Crosby and Schaefer, who are both devout Catholics, were outside of a Planned Parenthood clinic in downtown Baltimore handing out gift bags to women with information regarding alternatives to abortion.
Brice approached Schaefer and began debating the men over their pro-life views. Schaefer appeared to walk away when Brice suddenly tackled him into a large flowerpot, knocking the elderly man unconscious.
When Crosby went to help Schaefer, Brice shoved him to the ground, then mounted him and punched him in the face. After standing up, Brice forcefully kicked Crosby in the face.
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A top talent at ABC News admitted she was recently the victim of a violent crime in Washington, D.C., underscoring the need for a greater law enforcement presence in the nation’s capital.
Kyra Phillips, who has been with the network since 2018, recalled on Monday her recent encounter with a “half-dressed” man who mugged her in downtown D.C. She cited the instance as a “firsthand” experience felt by many others as they brave the pedestrian commute to work each day.
“I can tell you firsthand here in downtown DC, where we work, right here around our bureau, just in the past six months, you know, there were two people shot, one person died, literally two blocks down here from the bureau,” Phillips explained.
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The Bureau of Labor Statistics released July’s Consumer Price Index this morning, and the numbers tell a complicated story. While overall inflation held steady at 2.7 percent annually, core inflation—the measure that strips out volatile food and energy prices—accelerated to 3.1 percent, its highest level since March and well above the Federal Reserve’s 2 percent target.
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Donald Trump did a thing, causing Democrats and the media (but I repeat myself) to have a knee-jerk reaction to said thing that they didn’t think through. Washington DC is a cesspool edition: Trump is against DC being a violent cesspool, so the media and Democrats (but I repeat myself) have to claim it isn’t. As Scott Jennings points out during another 4-on-1 handicapped match on CNN, no one is buying it.
Ponder this quote from yesterday as you continue: “Donald Trump has some of the best political instincts of any politician…”
Democrats and the media (again, I repeat myself) have decided on 30% as the statistic to claim Trump is spreading fake news, because, ACKSHUALLY, DC isn’t mostly violent anymore. It’s only very much violent. As Jennings says, good luck with that.
Whoops, wrong post. Here’s Jennings.
You know who also isn’t a fan of the alleged “30%?” Gregg Pemberton. He’s the chairman of the DC Police Union. You know, the guys who put their lives on the line every day they leave their families to go to work.
This is what Trump understands that the media and the Democrats (do I have to say it again?) refuse to. The Trump Admin is well aware of statistics claiming crime in D.C. “has fallen significantly from COVID-era highs.” And yet, residents of Washington DC don’t feel 30% safer than they did 30 years ago. According to a recent poll, half of the city says crime was an “extremely serious” problem, or at least “very serious.”
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President Donald Trump’s decision to place the Metropolitan Police Department of Washington, D.C., under federal control and deploy National Guard troops in response to the city’s escalating crime crisis has ignited a firestorm of predictable resistance from Democratic leaders and their media allies. Despite glaring evidence that crime spirals out of control in the nation’s capital, Democrats cling desperately to a narrative of declining violence, parroting doctored statistics and political spin as though doing so magically erases the reality that D.C. residents face.
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Yahoo News featured the story of a child born at 22 weeks who is now a toddler. Tuff Born, son of Michaela and Jake Born, was born at 22 weeks and one day.
A Survivor Born at 22 Weeks
In the interview for Yahoo News, Michaela said that doctors told her he son would be seriously disabled and have no “quality of life.” She says, “[A]t one point, they told us if he did survive, he’d probably be plugged into a wall and have oxygen, and then basically no quality of life.”
However, at two years old, Tuff has no serious health problems.