Fox News has come under fire after damning messages were revealed in a court filing, showing that prominent stars and executives at the network privately ridiculed claims of election fraud in the 2020 election, despite allowing lies about the presidential contest to be promoted on its air. The lawsuit is seeking $1.6 billion in damages from Fox News for defamation, sparking a debate about the role of media outlets in promoting false information. Critics argue that the network should have taken more responsibility for the lies it allowed to be broadcast, while supporters argue that the network should not be held responsible for the opinions of its guests.
Posts tagged as “Jerome Powell”
The Federal Reserve has raised its benchmark interest rate for the eighth consecutive time in an effort to subdue inflation. This brings the federal funds rate to its highest level since late 2007, and Fed chair Jerome Powell has indicated that more rate hikes are on the way. Investors have responded positively to the news, with the Dow and other major indexes climbing steadily since the announcement.
On Monday, a fresco titled "Young Hercules and the Snake" from Herculaneum was returned to Italy along with 59 other ancient pieces that had been illegally trafficked to the United States. The returned works are estimated to be worth more than $20 million and are a major victory for Italy in its fight against international art trafficking. The pieces were originally from Herculaneum, a city destroyed by the 79 A.D. eruption of Mount Vesuvius.
Gina Lollobrigida, an iconic figure in Italian cinema, passed away on Monday in Rome at the age of 93. She was famously dubbed "the most beautiful woman in the world" and had a long and successful career in the film industry, with her portrait gracing the cover of Time magazine in 1954. Her agent confirmed her death, but did not provide further details. She will be remembered as a beloved star of the silver screen.
Cardinal George Pell, the former chief financial officer of the Vatican and the most senior Roman Catholic leader to ever stand trial for child sexual…
Federal Reserve Chairman Jerome Powell has emphasized the importance of central bank independence and his commitment to bringing down inflation during his first public appearance…