Tuesday, September 15
The Federal Reserve announced Friday that governor Adriana Kugler will step down next week, opening up a spot on the central bank's powerful board that President Donald Trump will be able to fill. Kugler, who did not participate in the Fed's policy meeting earlier this week, would have completed her term in January. Instead, she will retire Aug. 8. She did not provide a reason for stepping down in her resignation letter. Federal Reserve governors vote on the central bank's interest rate decisions and also on changes to bank regulations and other financial rules. The Trump administration could take advantage of Kugler's resignation and appoint a potential replacement for Fed Chair Jerome Powell to replace her. Powell, who has been repeatedly attacked by Trump for not reducing the Fed's key
El Salvador has abruptly changed its constitution to remove term limits, paving the way for self-styled "world's coolest dictator," Nayib Bukele, to run for an unprecedented third term.So how did the 44-year-old leader secure such sweeping reforms in just hours and with almost no opposition? And how has he achieved such an iron grip on power after just six years in office?Taking an opening When Bukele burst onto the political scene, Salvadorans were already fed up with the traditional parties of the right and left, particularly with their inability to stop poverty and rampant gang violence."The gangs extorted everyone. People were already tired and disappointed by previous governments," explained political analyst Ricardo Navarro."That allowed him to win in 2019" with 52 percent of the vot
There are enough Russian nuclear submarines in the high seas to tackle two American subs dispatched by US President Donald Trump to counter Russia, a member of the Russian Parliament Duma has said."The number of Russian nuclear submarines in the world's oceans is significantly higher than the American ones, and the subs that US President Donald Trump ordered to be redirected to the appropriate regions have long been under their control. So no response from the Russian Federation to the American leader's statement about the submarines is required," a senior Russian lawmaker, Viktor Vodolatsky, was quoted as saying by TASS.Earlier on Friday, Trump wrote on his Truth Social post that he had ordered the redeployment of US submarines "to appropriate regions" allegedly over "extremely provocativ
Hamas said on Saturday that it would not lay down arms unless an independent Palestinian state is established. In a statement, the Palestinian militant faction said its "armed resistance ... cannot be relinquished except through the full restoration of our national rights, foremost among them the establishment of an independent, fully sovereign Palestinian state with Jerusalem as its capital." Indirect negotiations between Hamas and Israel aimed at securing a 60-day ceasefire in the Gaza war and deal for the release of hostages ended last week in deadlock.
