Here's another troubling reason inflation will be hard to fight
CNN
One of the many buzzwords percolating around Davos this week is "fragmentation," the force economists there warned could have "devastating human consequences."
By "fragmentation," they are referring to a breakdown of the kind of free-wheeling, border-crossing trade and investment that's defined the global economic order over the past three decades. It is a form of deglobalization — rebuilding fences around national or regional fiefdoms.
"Fragmentation is the sense that we may be having economies protect themselves a little more domestically, and that could slow things down," Josh Lipsky, director of the Atlantic Council's GeoEconomics Center, told me. "And then it may make things more expensive in return."
The US military conducted a strike against an alleged drug-trafficking vessel in the eastern Pacific Ocean on Monday, killing two people, according to US Southern Command.
President Donald Trump’s Monday meeting in Florida at Mar-a-Lago with Israeli Prime Minister Benjamin Netanyahu generated plenty of warm words — but no clear progress in their peace plan for Gaza.
Rosario Olmos spent this Christmas without one of her greatest gifts. Her 19-year-old daughter, Camila Mendoza Olmos, had gone missing the day before just outside San Antonio, Texas.
On a day meant for family and rest, a father’s holiday joy turned to fear in Texas when his 15-year-old daughter didn’t come back from walking her dog, authorities said.
The United States on Monday announced a $2 billion pledge for UN humanitarian aid as President Donald Trump’s administration continues to slash US foreign assistance and warns United Nations agencies to “adapt, shrink or die” in a time of new financial realities.
President Donald Trump said the United States had taken out a “big facility” last week as part of a pressure campaign against Venezuela but did not provide further details on the reported US action.
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In the year 1998 – when Bill Clinton was president, most households still had landline phones, and CNN’s website looked like this – Gallup and USA Today called up 1,055 Americans on those landlines and asked them for their best predictions about a year in the distant future: 2025.
Repeatedly this year, Prime Minister Benjamin Netanyahu has flown to the United States to praise President Donald Trump as Israel’s greatest champion — and to quietly press him on taking more aggressive action against Israel’s enemies.
Supreme Court Justice Samuel Alito has a remarkable record of transforming his old dissenting opinions into the new majority view and setting the direction of the law in America.
(CNN) — One person was killed and another was left critically injured after two helicopters crashed in southern New Jersey on Sunday, officials said.
Pipe bomb suspect told FBI he targeted US political parties because they were ‘in charge,’ memo says
The man accused of placing two pipe bombs in Washington, DC, on the eve of the January 6, 2021, riot at the US Capitol told investigators after his arrest that he believed someone needed to “speak up” for people who believed the 2020 election was stolen and that he wanted to target the country’s political parties because they were “in charge,” prosecutors said Sunday.
The train’s main line only came into service in 2023, under a new program aiming to create an alternative to the Panama Canal.