Howard L. Petterson

Neel Kashkari, president and CEO of the Federal Reserve Bank of Minneapolis, recently shared his views on the potential implications of President-elect Donald Trump's tariff proposals during a session at the 2024 Milken Conference. Speaking on CBS' "Face the Nation," Kashkari expressed concern that these tariffs could exacerbate long-term inflation if they provoke retaliatory measures from global trading partners. Kashkari pointed out that while one-off tariffs may not have a significant impact on inflation in the long run, the situation becomes more complex if countries engage in tariff imposition on each other. He noted: “The challenge becomes, if there is…

As Formula 1 looks to 2026, competition for hosting rights is heating up, with four circuits vying for contract extensions. Countries such as Thailand and South Korea have submitted bids, while nations such as India and Rwanda are working diligently to improve their infrastructure to secure a place on the prestigious F1 calendar. The stakes are high, not only for sport but for the economies of the countries involved. F1 CEO Stefano Domenicali underlined the intensity of the application process, stressing that the interest in hosting a Grand Prix transcends sport. “We are getting calls from prime ministers and governments…

In a significant development, President Joe Biden is expected to meet with President-elect Donald Trump in the Oval Office this Saturday. The White House confirmed the meeting through a brief announcement from spokeswoman Karine Jean-Pierre, specifying that the meeting will take place at 11 am, although specific details on the agenda were not disclosed. Such meetings between outgoing and incoming presidents are customary in the United States and represent a vital opportunity for a smooth transition of power. This particular meeting marks a historic first for Biden and Trump, as their previous meeting was absent following Biden's victory in the…

BLOOMINGTON, Ind. – In a stunning display of talent and determination, Indiana junior receiver Elijah Sarratt, who entered college as a zero-star recruit out of Virginia, left Michigan sophomore cornerback Jyaire Hill in the dust during a crucial moment of the game. Sarratt caught a 36-yard touchdown pass from Kurtis Rourke, demonstrating the Hoosiers' ability to capitalize on opportunities, despite their underdog status. Another standout junior defender, Mikail Kamara, also a zero-star recruit, proved instrumental against Michigan's offensive line, which boasted four-star recruits Giovanni El-Hadi and Evan Link. Kamara's relentless pressure on quarterback Davis Warren exemplified the grit and resilience…

The future of Donald Trump's second term remains uncertain, but his first administration was characterized by a strong focus on business-related issues, according to Joe Kaeser, a prominent German business leader. In a recent interview with CNBC, Kaeser, who chairs the supervisory board of Siemens Energy, reflected on his experiences during Trump's early presidency. Kaeser noted that the Trump administration has been very responsive to businesses' concerns. “During that time, if I had a problem to solve for my company, the administration was extremely responsive,” he shared with CNBC's Annette Weisbach. Having served as CEO of Siemens when Trump was…

Next week, Argentine President Javier Milei will meet with President-elect Donald Trump at Mar-a-Lago, Trump's resort in Palm Beach, Florida. This information was confirmed by an Argentine government spokesperson in a statement to Reuters. Milei, who is 54 years old and aligns himself with ultraliberal ideologies, took office in December 2023. His political position is closely aligned with that of the United States and he openly supported Trump throughout his campaign. After Trump's recent victory over Democratic Vice President Kamala Harris, Milei publicly congratulated him via a video message in English, saying: “Congratulations on your tremendous election victory. Now make…

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