Day: March 22, 2023

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Racket

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Maybe I’ve spent too much time around Albany or maybe I’m too much of a fan of James Howard Kunstler and Phil Ochs but I’m more and more convinced every day…

That much of modern American society is racket with most people trying to steal whatever is not tied down.

NPR

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The Fed raises interest rates again despite the stress in banking : NPR

The Federal Reserve raised interest rates for the ninth time in a row on Wednesday, opting to continue its campaign against high inflation despite stress in the banking industry following the collapse of two regional banks.

Fed policymakers voted unanimously to raise their benchmark interest rate by a quarter percentage point to just under 5%, which will make it more expensive for people seeking car loans or carrying a balance on their credit cards.

Members of the Fed's rate-setting committee said additional rate hikes may be necessary to restore price stability. On average, policymakers anticipate rates climbing by another quarter-percentage point by the end of this year, according to new projections that were also released on Wednesday.

More Hiking Back to Ponds.

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This summer, I plan to spend more time hiking back to remote lakes that are more off the beaten path. I have found that summits are often crowded, and while they give great views, hiking mountains is tiresome and seeing lots of people takes away from the solitude I prefer in the wilderness.

Chain Ponds