06.sixteen.17

In today’s Buzz: all of America won a baseball game yesterday and felt better about our politicians (even if temporarily)


Morning Buzz with Noor Shaikh (LinkedIn/Twitter)

What I’m Listening to – Mitski

What I’m ReadingNot That Kind of Girl

What I’m WatchingVeep


Buzzin’

  • Yellen’s Yellin’ Timber – Raises Interest Rates Again: The US Federal Reserve announced it was raising short-term interest rates by a quarter percentage point on Wednesday as the central bank continued to unwind the huge economic stimulus plan brought in after the great recession. After a two-day meeting, the Fed raised the target range of the federal funds rate from 1% to 1.25%, the third consecutive quarterly increase. The move follows a record run of jobs growth in the US that has driven the unemployment rate down to its lowest level in 16 years. Bonus Read: What the unemployment rate does and does not say about the economy.
  • DOJ is Investigating Booz Allen Hamilton’s Accounting Practices: The U.S. Department of Justice is investigating some of the ways Booz Allen Hamilton Holding Corp, one of the largest consulting firms in the world, charges the government for services and accounts for costs, the company said in a filing on Thursday that sent its shares down 12 percent after the bell. The Justice Department informed a Booz Allen unit of the investigation earlier this month, Booz Allen said in the brief regulatory filing, adding that it was cooperating with the government. The company declined to comment beyond the filing and an identical statement it posted on its website.


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50 Nifty

  • Fire in Central London Tower Raises Questions About Recent Refurbishments:  A 24-storey residential tower—Grenfell House—in North Kensington, London, has been subject to a devastating fire and subsequent loss of life. At the time of reporting, twelve people have died as a result of the blaze (a number which is expected to rise) and, according to the BBC, “more than 70 people [are currently being] treated at five London hospitals” with “20 in critical care.” (The London Ambulance Service have since confirmed that 64 people are currently being treated at six hospitals.)

  • NYC Pension Funds Withdraw Investments From Private Prisons:  The city has sold off about $48 million in stocks and bonds of three private prison companies, according to the controller’s office, after a unanimous vote from the funds’ trustees. The move comes after a scathing federal audit of private prison facilities last year, and after eight immigrant detainees have died in the last fiscal year while in private immigration detention centers — which house 65% of Immigration and Customs Enforcement detainees, according to Stringer’s office.
  • Dallas is Getting an Urban Park!!!!: (related: The National Recreation and Park Association’s Annual Conference is coming up…)
  • Seattle City Council Vows to Uphold Paris Agreement on Climate Change: The Seattle City Council expressed the city’s “commitment to meet or exceed” the goals of the Paris Agreement, after President Donald Trump earlier this month withdrew the United States from the agreement to limit climate change. Bonus Reads: Real Actual Agreement and NRDC’s Issue Brief 

Local Government Confidential

Have an amazing Friyay!