News and Issues
Chair Janet L. Yellen: "My Message Will Be Largely Favorable, Although Recent Developments Have Been Mixed"
"Inflation has been lower than our objective of 2 percent, but I expect it to move up over time for reasons that I will describe. If incoming data are consistent with labor market conditions strengthening and inflation making progress toward our 2% objective, as I expect, further gradual increases in the federal funds rate are likely to be appropriate and most conducive to meeting and maintaining those objectives. However, I will emphasize that monetary policy is not on a preset course and significant shifts in the outlook for the economy would necessitate corresponding shifts in the appropriate path of policy." more »
Sanders declined to comment on the Democratic National Convention, where the party's candidate could be selected if the candidates do not secure enough delegates. He repeated his conviction that there is a path forward to make a university education more affordable. We are the richest country in the history of the world," Sanders said. "We will not succeed unless we have the best-educated workforce in the world." more »
"To the Rescue of the Crops", The Women's Land Army During World War II, "Food is a Weapon — Don't Waste It"
The women of the United States who, in response to great need, created a grassroots movement that came "to the rescue of the crops." Whether the forces consisted of farm wives driving tractors, college women milking cows, housewives picking apples, or secretaries spending summer vacations harvesting vegetables, these workers responded with energy and ingenuity to the wartime need for farm labor. more »
Scout Report: Civil War & Reconstruction, Climate Change, Defense & Security; Buddhism, Fiction; James Madison; Accounting Principles
The US Congress established the James Madison Memorial Foundation to teach the constitution in high schools across the country. In exchange for graduate school funding, students agree to teach history and civics a year after graduation. Discovery Education examines Upton Sinclair's muckraking novel, The Jungle. A Civil War course taught by Prof of American History and Director of the Gilder Lehrman Center Yale University, traces the Civil War from its antecedents to its effects in the late 1870s. The Buddhism course uses scriptural and informational readings to take readers into the complex matrix of art, devotional acts, and literary works that make up the ancient religion. more »