Fed officials were split on direction of interest rates at last meeting, minutes show

Fed officials were split on direction of interest rates at last meeting, minutes show

Federal Reserve officials were split last month about the future of interest rates, with policymakers entertaining scenarios in either direction, according to meeting minutes released Wednesday. In Kevin Warsh’s first meeting June 16-17 as chairman of the Federal Open Market Committee, participants saw outcomes where inflation could ease and allow lower rates, while others envisioned…

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Watch: How one orangutan braved new bridge to unite his split community

Watch: How one orangutan braved new bridge to unite his split community

When a road was built through the forest where the orangutans lived in Indonesia’s Sumatra, it split the Sumatran orangutan community in two and lead to fears that inbreeding could cause health implications and eventual extinction. Conservation groups the Sumatran Orangutan Society (SOS) and Tangguh Hutan Khatulistiwa, with the help of the government, built a…

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Drive Capital’s second act –  how the Columbus venture firm found success after a split | TechCrunch

Drive Capital’s second act –  how the Columbus venture firm found success after a split | TechCrunch

The venture capital world has always had a hot-and-cold relationship with the Midwest. Investors rush in during boom times, then retreat to the coasts when markets turn sour. For Columbus, Ohio-based Drive Capital, this cycle of attention and disinterest played out against the backdrop of its own internal upheaval several years ago — a co-founder…

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