President of the ECB, at the 2024 Michel Camdessus Central Banking Lecture organised by the IMF Washington, DC, 20 September 2024 By Christine Lagarde Central banks are public institutions with powerful tools, but the way these tools affect the economy is constantly changing. This uncertainty comes, in part, from the famous “long and variable” lags of monetary policy transmission. It typically takes 18 to 24 months for a change in interest rates to have its peak effect on the economy and inflation. But there are also more fundamental issues that affect the transmission of monetary policy, which were identified by Federal…
Author: THE CONNECTING NEWSPAPER
Here are seven players who idolize arguably one of the biggest football icons in the history of the game, Lionel Messi. Lionel Messi is widely considered one of the greatest football players of all time and has inspired countless young athletes worldwide in addition to leaving an enduring mark on the sport with his extraordinary abilities and accomplishments.It is no surprise that the youngsters in the world of football in the world today look up to him with many having their minds set on emulating him and also playing alongside him.Who are the footballers who idolize Lionel Messi?Messi’s story, which…
Dale Earnhardt Jr.’s night at Bristol Motor Speedway was anything but routine, but the Hall of Famer came across the line seventh. A solid qualifying effort netted Earnhardt Jr. the 13th starting spot on the grid, but radio issues immediately after the drop of the green flag relegated Earnhardt to the mid-30s in the running order. After exchanging his helmet and radio, Earnhardt Jr. discovered that he no longer had his glasses, which had inadvertently been taken by the team on the first pit stop of the race. After clawing his way back to a 20th-place finish in Stage One,…
As the war enters its 939th day, these are the main developments.Here is the situation on Saturday, September 21, 2024. Fighting Four people were injured after a Russian missile attack on the Ukrainian port city of Odesa. Governor Oleh Kiper said some port facilities and an Antigua-flagged civilian vessel were also damaged. Ukraine’s air force said 61 out of 70 Russian attack drones and one out of four missiles across 13 regions of Ukraine were destroyed. Some 70,112 Russian soldiers have died in Ukraine since the full-scale invasion began in February 2022, according to the BBC and the independent Russian…
A jury has awarded $116 million to the family of one of five people killed in a no-door helicopter that crashed and sank in a New York City river, leaving passengers trapped in their safety harnesses. The verdict came Thursday in the lawsuit over the death of Trevor Cadigan, who was 26 when he took the doomed flight in March 2018. It was, family lawyer Gary C. Robb said Friday, “a death trap.” “They just completely misled the public about the ability to get out in an emergency” from the harnesses, which were store-bought fall-protection gear envisioned for construction workers,…
OTTAWA, Canada – Canada is contributing CAD 250,000 (approximately CHF 158,000) to the Standards and Trade Development Facility (STDF) in 2024 to support sustainable economic growth, poverty reduction and food security. The donation will help developing economies and least-developed countries (LDCs) improve their sanitary and phytosanitary (SPS) capacity and participate more actively in global trade. World Trade Organization (WTO) director-general Ngozi Okonjo-Iweala expressed her appreciation for Canada’s generosity. “I thank Canada for its longstanding commitment to the STDF. Canada’s contribution will allow the STDF to advance agricultural innovation, facilitate safe trade, and promote global food security. This support is necessary…
Nigerian singer and producer Phillip Moses Kayode, popularly known as Pheelz, recently expressed his deep connection to music in a heartfelt post on his X page.The 30-year-old Finesse crooner rejected common narratives surrounding music, stating that it’s not merely a “grind,” “hustle,” or “get-rich-quick scheme.” Instead, Pheelz described music as: “Life, Music is feeling, Music is healing, Music is GOD.”Pheelz’s poignant words highlight the spiritual and emotional significance he attributes to his craft. By equating music with God, he emphasizes its transcendent power and impact on his life.This thoughtful reflection resonates with fans and fellow artists, sparking conversations about the…
It’s safe to say Jazz Chisholm Jr. is fitting in nicely with the New York Yankees. The 26-year-old is thriving and even making a little history.Since being acquired in a trade on July 27, Chisholm has recorded 10 home runs and 10 stolen bases in 39 games wearing pinstripes. According to OptaStats, he’s only the third player in the live ball era to post those numbers in fewer than 40 games with one team, alongside Raul Mondesi and Ron Gant.With the Marlins, Chisholm’s career was seemingly going backward. Over 101 games this season with Miami, he had 13 homers and…
Kara-Murza defends prisoner swaps, saying it’s crucial to secure the release of more political detainees in Russia.Western governments and Russia’s exiled opposition should begin laying the groundwork for Russia’s democratic transition after President Vladimir Putin eventually leaves office, Vladimir Kara-Murza, a Russian opposition politician, has said. Seven weeks after he was released from a Siberian penal colony in a historic East-West exchange, Kara-Murza did not say how he thought Putin would leave, but said on Friday that Russia must not squander what he said would be a narrow sliver of time to establish a democratic government, as he said it…
Sean “Diddy” Combs didn’t act alone on crimes that include bribery, making threats and sex trafficking, according to federal prosecutors. Authorities allege Combs had plenty of help, and what comes next is the possible prosecution of an entire network of the rap mogul’s employees. According to Combs’ indictment on federal charges of sex trafficking, the rap mogul used certain employees to carry out and facilitate his actions, which allegedly included threatening and abusing women who were part of his “freak-offs,” or sex parties. Those employees ranged from security to household staff, personal assistants and high-ranking supervisors. Former federal prosecutor Manny…