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A Top Fed Official Says the Trump Administration’s Threats Are ‘About Monetary Policy’

Neel T. Kashkari, president of the Federal Reserve Bank of Minneapolis, defended Jerome H. Powell, the Fed chair, in an interview. He also said interest rates should be held steady this month.

© Jenn Ackerman for The New York Times

Neel T. Kashkari of the Federal Reserve Bank of Minneapolis said the central bank had an opportunity “to explain to our constituents and the American people why Fed independence is so important to the health and the vibrancy of the American economy.”
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Venezuela Envoy to Visit U.S. for First Official Trip in Years

Félix Plasencia, an envoy of the interim government, will travel to the United States on the day the opposition leader María Corina Machado is to meet President Trump.

© Cristian Hernandez/Agence France-Presse — Getty Images

Félix Plasencia, then Venezuela’s foreign minister, in Caracas, Venezuela, in 2022.
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Banks Ready Battle Plans to Save Their Credit Card Businesses

“Everything’s on the table,” an executive at JPMorgan Chase said, as the industry seeks to head off President Trump’s effort to cap interest rates.

© Eduardo Munoz/Reuters

America’s biggest banks, including JPMorgan Chase, appear set to fight any effort by the White House to impose a cap on the credit card interest rates they charge.
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Minneapolis’s Limit

We look at how the actions of federal agents in Minneapolis are impacting life in the city.

© David Guttenfelder/The New York Times

In Minneapolis yesterday.
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Playing Catch on an L.A. Sidewalk? You May (Technically) Risk Jail Time.

A little-known and rarely enforced law prohibits ball games on some Los Angeles streets and sidewalks. The local council has begun the process of repealing it.

© Daniel Dorsa for The New York Times

A rarely enforced provision in the Los Angeles Municipal Code prohibits ball games on most streets or sidewalks in the city.
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A Week Without Heat in New York City

Some renters are constantly left without heat or hot water during the winter, leading them to bundle up in layers of clothing or risk fires by using space heaters.

© Elias Williams for The New York Times

Mercedes Escoto, 67, said it is sometimes so cold in her Bronx apartment that she can see her breath indoors.
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Starmer faces PMQs criticism over digital ID U-turn – UK politics live

Ministers have rolled back central element of digital ID plans, possibly allowing people to use other forms of identification to prove their right to work

Here are extracts from three interesting comment articles about the digital ID U-turn.

Ailbhe Rea in the New Statesman in the New Statesmans says there were high hopes for the policy when it was first announced.

I remember a leisurely lunch over the summer when a supporter of digital IDs told me how they thought Keir Starmer would reset his premiership. Alongside a reorganisation of his team in Number 10, and maybe a junior ministerial reshuffle, they predicted he would announce in his speech at party conference that his government would be embracing digital IDs. “It will allow him to show he’s willing to do whatever it takes to tackle illegal immigration,” was their rationale.

Sure enough, Starmer announced “phase two” of his government, reshuffled his top team and, on the Friday before Labour party conference, he duly announced his government would make digital IDs mandatory for workers. “We need to know who is in our country,” he said, arguing that the IDs would prevent migrants who “come here, slip into the shadow economy and remain here illegally”.

In policy terms, I don’t think you particularly gain anything by making the government’s planned new digital ID compulsory.

One example of that: Kemi Badenoch has both criticised the government’s plans to introduce compulsory ID, while at the same time committing to creating a “British ICE” that would go around deporting large numbers of people living in the UK. In a country with that kind of target and approach, people would be forced to carry their IDs around with them in any case! The Online Safety Act, passed into law by the last Conservative government with cross-party support and implemented by Labour, presupposes some form of ID to work properly.

Here is the political challenge for Downing Street: the climbdowns, dilutions, U- turns, about turns, call them what you will, are mounting up.

In just the last couple of weeks, there has been the issue of business rates on pubs in England and inheritance tax on farmers.

We welcome Starmer’s reported U-turn on making intrusive, expensive and unnecessary digital IDs mandatory. This is a huge success for Big Brother Watch and the millions of Brits who signed petitions to make this happen.

The case for the government now dropping digital IDs entirely is overwhelming. Taxpayers should not be footing a £1.8bn bill for a digital ID scheme that is frankly pointless.

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© Photograph: Parliament Live

© Photograph: Parliament Live

© Photograph: Parliament Live

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