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Merkelâs Latest Pandemic Challenge: Leading as a Lame Duck
The German chancellor, known for her cool, solution-oriented response in the pandemicâs early stages, faces her greatest challenge yet as cases rise and patience plummets months before her final term ends.
A vaccination center in Munich last month. Germans are clamoring for clarity about the countryâs vaccination program.Credit.Laetitia Vancon for The New York Times
BERLIN â What a difference a year makes.
In late March 2020, Chancellor Angela Merkel was winning praise the world over for her ability to explain the science behind the coronavirus pandemic and galvanize Germanyâs state leaders to line up behind a nationwide strategy founded in testing and contact-tracing that held the number of deaths at bay.
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Jerome Powell is the most important speaker, when he appears at a Wall Street Journal summit Thursday. If he wants to stop this rise in rates, he does have to say something. But he risks sounding hawkish. The more dovish he sounds, the higher rates will go, said Peter Boockvar, chief investment officer at Bleakley Advisory Group. When the Fed is described as dovish, it means it is maintaining easy policy, such as keeping interest rates at low levels.
Some Fed watchers doubt the central bank will comment on the rise in yields any more than Powell did this past week when he said the move was the result of a strengthening economy. But bond pros say Powell could reinforce that Fed policy will remain easy for a long time to come.
Publishing date: Feb 04, 2021 • February 4, 2021 • 1 minute read •
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The family behind Koss Corp and some of the company’s top executives raked in about $45 million from a surge in the headphone maker’s stock price during a retail trading blitz that rocked Wall Street last week.
Retail investors, egged on by Reddit thread WallStreetBets, sent shares of heavily shorted companies such as GameStop Corp and AMC Entertainment through the roof, leading to what is called as a short squeeze.
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