Sunday, 9 May 2021

Fed's Daly says not time for taper, still far from goals

Televangelist Pat Robertson lashes out at Kimberly Potter and police, says there's 'no comparison' between a Taser and a gun

  • Televangelist Pat Robertson criticized Brooklyn Center police and Kimberly Potter on the “700 Club.”
  • Robertson said “it’s crazy,” that Potter and the department claimed she mistakenly grabbed her gun.
  • See more stories on Insider’s business page.

Right-wing televangelist Pat Robertson on Thursday derided former Brooklyn Center police officer Kimberly Potter, on his show “The 700 Club,” for allegedly confusing her gun for a Taser.

Potter shot and killed a 20-year-old Black man, Daunte Wright, during a traffic stop in Brooklyn Center, Minnesota. The now-former police chief claimed in a press conference after the shooting that she accidentally used her Taser instead of her gun.

“Now how she made the difference, when she shot that poor guy to death, saying this is what I thought was my Taser,” Robertson said. He held a plastic handgun, as well as a replica Taser to show the difference. “And if you can’t tell the difference in the feel of those things, it’s crazy!”

Robertson praised the police on his show but also left room for criticism.

“They do a good job, but if they don’t stop this onslaught, they cannot do this,” he exclaimed.

“And the police, why don’t they open their eyes to what the public relations are, they’ve got to stop this stuff!” he said during the show.

Kobe Bryant will be presented by Michael Jordan at Hall of Fame induction ceremony

Michael Jordan will present Kobe Bryant into the Naismith Basketball Hall of Fame at the induction ceremony on May 15, the Hall announced in a news release on Thursday.

The class of 2020 – the ceremony was postponed last year because of COVID-19 – is one of the most star-filled classes in Hall history.

The other inductees and their presenters:

  • Patrick Baumann, presented by Russ Granik (2013), Vlade Divac (2019) 
  • Kobe Bryant, presented by Michael Jordan (2009)
  • Tamika Catchings, presented by Alonzo Mourning (2014), Dawn Staley (2013)
  • Tim Duncan, presented by David Robinson (2009)
  • Kevin Garnett, presented by Isiah Thomas (2000)
  • Kim Mulkey, presented by Michael Jordan (2009)
  • Barbara Stevens, presented by Geno Auriemma (2006), Muffet McGraw (2017)
  • Eddie Sutton, presented by John Calipari (2015), Bill Self (2017), Sidney Moncrief (2019)
  • Rudy Tomjanovich, presented by Calvin Murphy (1993), Hakeem Olajuwon (2008)

Presenters, who must already be in the Hall of Fame, are often on stage alongside the inductee, but they normally don’t give speeches.

Oil Futures Settle Higher For 4th Straight Session

Oil futures settled higher on Thursday, extending gains to a fourth straight session, continuing to ride on the recent upward revision in global oil demand forecast by the International Energy Agency.

Official data from Energy Information Administration (EIA) that showed a larger than expected drop in crude inventories in the U.S. last week also continued to support oil prices.

West Texas Intermediate Crude oil futures for May ended higher by $0.31 or about 0.5% at $63.46 a barrel, a near 4-week high.

WTI crude futures had climbed almot 5% in the previous session.

The IEA has sharply raised its world oil demand estimate for 2021, pointing to further signs that the global economy is recovering faster than previously expected, particularly in the U.S. and China.

Data released by Energy Information Administration (EIA) showed crude oil inventories in the U.S. dropped by 5.9 million barrels last week compared with an expected draw of about 3.5 million barrels.

Biden to host South Korea's president in late May

WASHINGTON — President Joe Biden will host South Korean President Moon Jae-in for meetings in the second half of May, the White House announced Thursday.

It will be Biden’s second opportunity to sit in person with a foreign counterpart since he took office during the coronavirus pandemic. It will follow face-to-face meetings Biden has scheduled for Friday with Japanese Prime Minister Yoshihide Suga.

White House press secretary Jen Psaki said a date for Moon’s visit would be announced later.

Biden’s meeting with his South Korean counterpart follows recent visits to Seoul by Secretary of State Antony Blinken and Defense Secretary Lloyd Austin, and a three-way meeting in April in Annapolis, Maryland, among the national security advisers from the United States, Japan and South Korea.

Biden’s meeting with Moon “will highlight the ironclad U.S.-South Korea alliance and the long-standing ties and friendships between the people of our two countries.”

Moment dog with paw stuck in moving escalator saved by hero cops

Fed's Daly says not time for taper, still far from goals

April 15 (Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Thursday said the U.S. economy is still far from making “substantial progress” toward the central bank’s goals of 2% inflation and full employment, the bar the Fed has set for beginning to consider reducing its support for the economy.

“We are not to that time yet,” Daly told the Money Marketeers of New York University, noting though prices are expected to rise temporarily in coming months, inflation is still “far” from sustainably reaching the Fed’s goal.

“There’s just a lot of work that needs to be done.”

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