Fed Hikes Rates Again

The Federal Reserve hiked interest rates on Wednesday, the third time in six months, as unemployment in the US has continued to fall and consumer confidence has risen.

The Fed raised its benchmark borrowing rate range by a quarter-point, to between 1 and 1.25 percent, the highest since September 2008.

The Fed expects the economy to “expand at a moderate pace,” or for inflation to pick up to about 2 percent by next year after a slew of disappointing readings, the Federal Open Market Committee said in a statement.

The widely expected hike is intended to cool the economy by making it more expensive to borrow money.

The central bank also announced it plans to start selling its holdings of Treasury and agency bonds this year, the first time since it started buying up debt to stabilize the economy following the financial crisis in 2008.

Golden State Warriors celebrate

The Golden State Warriors lived it up in San Francisco following their NBA title win, by popping $170,500 in Moët & Chandon at local nightclub Harlot.

Stephen Curry, Draymond Green, Klay Thompson and the squad tipped back 75 magnums of Nectar Imperial Rosé Luminous at $1,500 a pop, spies said, plus eight bottles of a “Limited Edition Bay Area” number for $3,500 each, and bottles engraved with the Warriors logos for $15,000 apiece.

Awesome images of Native Americans from the 1920″s

These amazing images of Native Americans have been brought back to life through vivid colourisation.

The remarkable pictures show the group during the 1920s, with some of the leaders meeting with then American president, Calvin Coolidge, at the White House.

Other fascinating images show the native tribe mixing with the public, standing on top of the Lincoln Memorial holding the American flag high, and two Native American elders meeting with politicians at the Capitol Hill in 1936, the same year the Aborigines Act Amendment Act was legislated.

These incredible photographs were colourised by British colorization specialist, Royston Leonard, 54, from Cardiff, Wales.

In 1924, the Indian Citizenship Act was proposed by Representative Homer P. Snyder and signed by President Calvin Coolidge, meaning the indigenous peoples including the Native American tribe, also known as Native Indians, were granted full U.S. citizenship.

Read more: http://www.dailymail.co.uk/news/article-4599504/Colorized-photos-Native-Americans-White-House.html#ixzz4jvKlP7UV
Follow us: @MailOnline on Twitter | DailyMail on Facebook

Former NBA player Dennis Rodman arrives in North Korea

PYONGYANG, North Korea — Dennis Rodman, the former NBA bad boy who has palled around with North Korean leader Kim Jong Un, flew back to Pyongyang on Tuesday for the first time in Donald Trump’s presidency. He said he is “just trying to open a door” on a mission that he thinks his former “Celebrity Apprentice” boss would support.

Rodman, one of the few people to know both of the nuclear-armed leaders, sported a black T-shirt advertising a marijuana cybercurrency as he talked to reporters briefly before his flight from Beijing to the North Korean capital.

Asked if he had spoken to Trump about his trip, he said, “Well, I’m pretty sure he’s pretty much happy with the fact that I’m over here trying to accomplish something that we both need.”

Rodman has received the red-carpet treatment on four past trips since 2013, but has been roundly criticized for visiting during a time of high tensions between the US and North Korea over its weapons programs.

Robert Downey Jr. scores Malibu Iron man style home

Actor Robert Downey Jr. recently picked up a $3.5 million mansion in Malibu’s 90265 — the ZIP code he shares with his on-screen alter ego, billionaire inventor Tony Stark, aka Iron Man.

In the “Iron Man” movie franchise, Stark owns an over-the-top, cliffside mansion on Point Dume that would easily be worth north of $100 million if it actually existed (the filmmakers digitally created the home).

Downey’s new home is located about 15 minutes south of Point Dume, near Pepperdine University, the Los Angeles Times reports.

The 3,384-square-foot, three-bedroom, three-bath home was built in 1972 on a 1.3-acre lot. Its most striking feature is a floor-to-ceiling — and wall-to-wall — sliding glass door that extends from the living room to the glass-enclosed balcony overlooking the Pacific Ocean.

Website Powered by WordPress.com.

Up ↑