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Inflation Staying Above 2% ‘Well Beyond 2025’ Is ‘in the Cards Now in Terms of the Forecast.

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Inflation Staying Above 2% ‘Well Beyond 2025’ Is ‘in the Cards Now in Terms of the Forecast.

By IAN HANCHETT

During an interview with Bloomberg on Friday, Cleveland Federal Reserve Bank President Loretta Mester stated that she doesn’t want to entertain inflation remaining above 2% for longer than needed due to under-tightening and she wouldn’t want to see the timeline for inflation getting back to 2% “pushed out well beyond 2025, which is kind of in the cards now in terms of the forecast.”

Mester said, “We’re going to get more data in before September, of course. But when you think about sort of what has changed between June and now, we have a bit stronger growth than a lot of us had thought. We have gotten inflation down. But, as the chair said, two months’ data is not enough to be convinced that it’s coming down. And, then we have higher long-term rates, which is going to put some downward pressure on inflation. That said, in my view, I think that really under-tightening would be a worse mistake than over-tightening a little bit, because we can course-correct that. Under-tightening means that inflation could remain higher for longer than 2% for a little bit longer. And I don’t think that’s something I would want to entertain. The way I think about it is, I look at sort of our time path for getting inflation back to 2%, I wouldn’t want to see that pushed out well beyond 2025, which is kind of in the cards now in terms of the forecast. So, I’m going to be very cognizant of that when I put in my new forecast for the next meeting.”

 

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Oh My! Didn’t see this coming. Spielberg blasts revising old films for modern audiences, admits ‘mistake’ in editing guns from ‘E.T.’

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Gabriel Hays is an associate editor for Fox News Digital. 

Didn’t see this coming. Spielberg blasts revising old films for modern audiences, admits ‘mistake’ in editing guns from ‘E.T.’

Legendary director Steven Spielberg recently blasted the idea of revising old films for modern audiences and their sensitivities.

During an interview with TIME Magazine, the “E.T.” and “Jurassic Park” director claimed that old films should not be updated for the modern lens and claimed that directors who do so are committing “censorship.”

Spielberg also expressed his regret for editing guns out of a recent release of his classic sci-fi adventure film, “E.T.,” claiming it was a “mistake.”

Spielberg at event

Director Steven Spielberg speaks to TIME Magazine about censorship. (Screenshot/Mediaite)

The director spoke with the outlet’s editor-in-chief Edward Felsenthal during TIME’s “100 Summit” on Tuesday. The two discussed filmography, with Felsenthal eventually asking the filmmaker whether there are any films he would have like to have done differently or go back and change based on where he is now.

“Looking back at your body of work… are there films you would edit, that looking back at them, something you would’ve done differently? As an editor, I feel that way about some TIME covers – Not yours!” the journalist asked.

“But is there a sense of – I know at one point you took some guns out of ‘E.T.’ and then regretted it,” he continued.

Spielberg cut in, admitting that revising the beloved film was wrong.

“That was a mistake. That was a mistake,” he said, adding, “I never should have done that because ‘E.T.’ was a product of its era. No film should be revised based on the lenses we now are, either voluntarily or being forced to peer through.”

Steven Spielberg at Oscars

Stephen Spielberg attends the 95th Academy Awards at the Dolby Theatre on March 12, 2023 in Hollywood, California.  (Getty Images)

He noted why he initially revised it, telling Felsenthal, “’E.T.’ was a film that I was sensitive to the fact that the federal agents were approaching a bunch a kids with their firearms exposed. And I thought I would change the guns into walkie-talkies.”

Spielberg claimed he made the changes due to his evolving views, but ultimately realized he should have left the movie alone.

“I should never have missed with the archive of my own work, and I don’t recommend anybody really do that,” he said.

He then voiced the importance of leaving the films as they are, saying, “All our movies are a kind of measuring – a signpost of where we were when we made them, what the world was like, and what the world was receiving when we got those stories out there. So I really regret having that out there.”

The Time editor-in-chief asked if Spielberg’s standard applies to other forms of artistic media. Felsenthal specifically mentioned publisher Puffin UK updating an edition of Roald Dahl’s “Charlie & The Chocolate Factory” to feature fewer offensive words found in the original text.

After mentioning it, Speilberg declared, “Nobody should ever attempt to take the chocolate out of Willy Wonka! Ever! And they shouldn’t take the chocolate or the vanilla, or any other flavor out of anything that has been written.”

He added, “For me, it is sacrosanct. It’s our history, it’s our cultural heritage.” Felsenthal asked, “Warts and all?” to which Spielberg replied, “I do not believe in censorship in that way.”

Roald Dahl

Roald Dahl, the author of several popular works, including Matilda, James and the Giant Peach, and Charlie and the Chocolate Factory. (Tony Evans, E. Jason Wambsgans/Chicago Tribune/Tribune News Service)

Spielberg blasts revising old films for modern audiences, admits ‘mistake’ in editing guns from ‘E.T.’ | https://www.foxnews.com/video/6326205137112

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BOO HOO! Climate Activists Alarmed That Twitter Now Allows Dissenting Views on Global Warming

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By Bryan Jung for The Epoch Times

An organization that says it is a coalition of “climate and anti-disinformation organisations” says Twitter under CEO Elon Musk is allowing more dissenting views on climate change.

Climate Action Against Disinformation (CAAD), released a Jan. 19 study (pdf), accusing Musk of allowing misinformation about the climate crisis to spread on the social media platform.

The study accused Twitter of boosting the hashtag “#ClimateScam” to users when searching the word “climate,” as its top search result.

The hashtag has suddenly spiked on Twitter search results since July 2022, with its appearance increasing ever since, according to CAAD.

The report said that “in 2022, denialist content made a stark comeback on Twitter in particular.”

Twitter Search

CAAD alleged that at least 91,000 Twitter users reported the #ClimateScam hashtag more than 362,000 times by December.

“The source of its virality is entirely unclear, and re-emphasises the need for transparency on how and why platforms surface content to users,” said the study’s authors.

They said that term appeared to be trending despite “data that shows more activity and engagement on other hashtags such as #ClimateCrisis and #ClimateEmergency.”

The research team claimed that the rise of the term in search results could not be explained by user personalization, the volume of content, or popularity.

“A basic search for ‘climate’ on Facebook did not autofill with overtly sceptic or denialist terms; searching explicitly for #ClimateScam only showed 1.5k users mentioning the term, versus 72k for #ClimateEmergency and 160k for #ClimateCrisis.”

CAAD complained that the source of the #ClimateScam hashtag was unclear and that there was a need for transparency on how the search result came up. (Oh my! NOW they want “transparency!” –TPR)

“Equally, TikTok returned no search results for #ClimateScam, but instead suggested the phrase ‘may be associated with behaviour or content that violates our guidelines.’”

Interest Groups

The authors said that not enough of the content was labeled as misinformation by Twitter’s new management and claimed that it could not find a comparable trend or uptick in “#ClimateScam” on other platforms.

CAAD is partially funded by the Institute for Strategic Dialogue (ISD), a think tank, which is heavily funded by the Bill and Melinda Gates Foundation.

The ISD said it is working with social media platforms to explore radicalization online, to minimize the impact of extremist recruitment by groups in Europe and North America.

Since buying Twitter in October, Elon Musk has reduced the social media team’s staff by 50 percent and cut down its content moderation team to protect freedom of expression.

Musk has been a critic of Twitter’s past relationship with federal authorities and the intelligence services, and has released several batches of the so-called “Twitter Files” since late last year.

So, how does it feel to lose your power, wackos?

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