The Federal Reserve is guiding a U.S. economy that is as close to ideal as it could have dreamed a decade ago, when the darkest days of the recession forced it to take big risks to protect workers, banks and economies around the world from further devastation.
After nine years of steady if uneven recovery, the United States is now growing at a pace topping 4 percent, unemployment is as low as it has been this century, and inflation has safely edged up toward an official target.
South Korean President Moon Jae-In said on Thursday the world had escaped the threat of war after this week’s Singapore summit, echoing U.S. President Donald Trump’s upbeat assessment of his meeting with North Korean leader Kim Jong Un.
Trump and Kim issued a joint statement after their historic meeting that reaffirmed the North’s commitment to “work toward complete denuclearization of the Korean Peninsula”, an end to joint U.S.-South Korean military exercises and gave U.S. guarantees of security to North Korea.
Californians will face a choice this November of whether to divide the nation’s most populous state into three, an effort that would radically shake up not only the West Coast, but the entire nation.
The “Cal 3” initiative is driven by venture capitalist Tim Draper, who has tried and failed in the past to place an effort to break up California on the ballot, including a bid in 2016 to create six separate states. Backers of the measure argue California has become “ungovernable” because of its economic and geographic diversity as well as its population approaching 40 million people.