Skip to main content
Currently Reading
The Japanese Garden in SF s Golden Gate Park is one of many in Calif. with a tragic history
Alex Schechter
FacebookTwitterEmail
Woman in kimono and storks in front of tea house in Japanese Tea Garden with Drum Bridge (Called Sori Hashi in 1894) and lantern. Midwinter Fair.OpenSFHistory
In 1894, 25 cents gained you entry to the Japanese Tea Garden in Golden Gate Park. A lot has changed since then, but the novelty of these serene, pine-and-rock-filled oases hasn’t worn off.
California’s trove of Japanese gardens is not unique; more than 250 of them are spread over North America. But our connection to the people who built and cared for them is. During World War II, when people of Japanese, Italian and German descent were considered a threat to national security, President Franklin D. Roosevelt signed Executive Order 9066. The order created concentration camps that turned the lives of 112,000 Japanese Americans, mostly American citizens,
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) - Federal Reserve Chair Jerome Powell, pushing back on suggestions that loose monetary policy risked unleashing inflation and financial risks in what may be an emerging economic boom, said the central bank would keep its attention focused on getting Americans back to work as a vaccine-related recovery proceeds. Monetary policy is accommodative and it continues to need to be accommodative . Expect us to move carefully, patiently, and with a lot of advance warning, before any changes, Powell said in response to questions from Republican lawmakers about whether a faster-than-expected recovery still required crisis-level assistance.
By Paul Kiernan WASHINGTON Federal Reserve Chairman Jerome Powell reaffirmed the central bank s commitment to maintaining easy-money policies until the economy has recovered further from the effects of the coronavirus pandemic. The economy is a long way from our employment and inflation goals, Mr. Powell said in testimony to the Senate Banking Committee, a statement he has repeated in recent weeks. The Fed will therefore continue to support the economy with near-zero interest rates and large-scale asset purchases until substantial further progress has been made, a standard that Mr. Powell said is likely to take some time to achieve.
By Joe Wallace and Michael Wursthorn Stocks rebounded Tuesday after Federal Reserve Chairman Jerome Powell signaled that an interest-rate increase from the central bank isn t imminent, easing some concern over rising bond yields. Major stock indexes turned positive in late-afternoon trading after Mr. Powell told lawmakers that inflation remains soft, tamping down recent fears of a policy shift by the central bank following a spike in bond yields. Earlier in the session, the tech-heavy Nasdaq Composite Index dropped as much as 4% and investor favorites including Tesla and Moderna logged double-digit losses. Portfolio managers said the moves marked a rotation out of the high-growth favorites of the past year and into more economically sensitive stocks such as banks and manufacturers.