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The Fed predicts there will be no change in interest rates until 2022
The Federal Reserve signaled Wednesday that it would likely keep interest rates near zero until 2022 – an indication that central bank policymakers see a long road to recovery from the economic collapse caused by the coronavirus pandemic.
The Fed voiced an encouraging note about improving financial conditions and predicted that the economy would make a big loss next year. But officials in general do not expect the country to return to full employment until after 2022.
The Fed’s unemployment projections remain more positive than the latest estimates from the Congressional Budget Office and many private analysts, perhaps reflecting Friday’s shock employment report for May. That shows a large increase in employment and a decrease in the unemployment rate, to 13.3% from 14.7% in April.
President Trump raised the good work news as proof that the economy would soon roar again, and some on Capitol Hill questioned whether additional pandemic assistance was needed.
The prospect of the Fed “could take some steam out of those who are arguing for a V-shaped recovery,” said Christopher Rupkey, chief financial economist at MUFG Bank, referring to the relatively fast and complete rise from the decline.
The Fed has worked hard to stabilize financial markets, and its statement Wednesday reaffirmed its promise to keep interest rates low, continue to buy large-scale bonds and operate various loan programs as long as necessary.
Fed Chair Jerome H. Powell has previously indicated, however, that the central bank can only do so much and that more action from the White House and Congress is needed in connection with the extraordinary economic casualties of the health crisis.
Although there were an additional 2.5 million jobs in May, payroll employment has fallen 19.6 million since February, and millions of people have left the workforce.
The Fed is projecting an average unemployment rate of 9.3% in the fourth quarter, down to 6.5% in the last months of 2021, according to the median estimates from Fed officials. The range of projections is very broad, with some estimating unemployment as low as 4.5% and some estimating as high as 12% in the fourth quarter of 2021.
Unemployment was at a 50-year low of 3.5% in February before the COVID-19 outbreak in the US.
Congress has approved about $ 3 trillion in various pandemic relief measures.
In pushing for more fiscal support, Powell has been careful not to be drawn into a very partisan vortex around the pandemic and Washington’s response to it, especially from Trump’s and anti-Trump camps.
And at a press conference Wednesday afternoon, Powell is likely to do a political tap dance around polarized conditions, because he has more than 2½ years of his tenure as chairman of the US central bank.
Trump recently praised Powell for responding quickly and aggressively to the collapse of economic activity, but for most of the previous two years, Trump and his supporters carried out a sharp attack on Powell, saying a rate hike at the end of 2018 was inappropriate and the Fed had not done enough to sustain the economy.
“This is a difficult time to issue estimates. … This could be a real flash point, “said Diane Swonk, chief economist at the accounting firm Grant Thornton and a longtime observer of the Fed.
Swonk said Powell had gone further than other Fed leaders and was “out of his comfort zone” in advocating for fiscal aid. But he added: “We are already in fiscal exhaustion, and the Fed is fighting it.”
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Ensuring a long and healthy life for your Hermann’s Tortoise requires a combination of proper care, nutrition, and habitat management. Hermann’s Tortoises, known for their charming personalities and distinctive shells, can live for several decades with the right conditions. Understanding their needs and providing a suitable environment is key to helping them thrive. Here’s how you can support your Hermann’s Tortoise in living a long, happy life.
Creating an Optimal Habitat
One of the most critical factors in promoting the longevity of your Hermann’s Tortoise is the creation of a suitable habitat. Providing an environment that mimics their natural surroundings is essential for their overall health. An appropriate habitat helps prevent stress and supports their well-being. For detailed guidance on setting up an ideal habitat, including specific requirements for outdoor enclosures, visit this comprehensive guide on Habitat for Hermann’s Tortoise.
- Outdoor Enclosure: Hermann’s Tortoises thrive in outdoor enclosures that provide ample space to roam, bask, and forage. An outdoor setup should include a secure, predator-proof area with access to natural sunlight. Incorporate areas for basking and shade to allow the tortoise to regulate its body temperature. Additionally, include plants, rocks, and hiding spots to simulate their natural habitat and encourage natural behaviors.
- Indoor Habitat: If an outdoor enclosure is not feasible, an indoor habitat can also support a long lifespan if set up correctly. Use a large, well-ventilated enclosure with appropriate heating and UVB lighting. Provide a substrate that allows for burrowing and offer various hiding spots and enrichment items.
Diet and Nutrition
A balanced diet is vital for maintaining the health and longevity of your Hermann’s Tortoise. They are primarily herbivores, and their diet should reflect their natural feeding habits.
- Leafy Greens: Offer a variety of leafy greens such as kale, collard greens, and dandelion greens. These vegetables provide essential vitamins and minerals that support overall health.
- Vegetables and Fruits: Supplement their diet with other vegetables like carrots, squash, and bell peppers. Fruits should be given in moderation due to their high sugar content.
- Calcium and Supplements: Provide a calcium supplement to support shell and bone health. A cuttlebone or powdered calcium can be added to their food. Ensure that they also have access to fresh, clean water at all times.
Regular Health Checks
Routine health checks are essential for early detection of potential health issues. Regular veterinary visits help ensure your tortoise remains in optimal condition and addresses any health concerns promptly.
- Observation: Monitor your tortoise’s behavior and physical condition regularly. Changes in appetite, weight, or activity level can indicate health problems.
- Preventative Care: Schedule annual check-ups with a veterinarian experienced in reptile care. Regular exams help catch any issues early and keep vaccinations and other preventative treatments up to date.
Environmental Enrichment
Providing environmental enrichment helps keep your Hermann’s Tortoise mentally stimulated and active. Enrichment can reduce stress and prevent boredom, contributing to a better quality of life.
- Foraging Opportunities: Hide food items around the enclosure to encourage natural foraging behavior. This not only provides mental stimulation but also mimics their natural hunting practices.
- Variety: Change the layout of their enclosure periodically and introduce new objects or plants to keep their environment interesting and engaging.
Conclusion
By focusing on creating the right habitat, providing a balanced diet, ensuring regular health checks, and offering environmental enrichment, you can significantly enhance the lifespan and well-being of your Hermann’s Tortoise. For further details on creating an ideal habitat, including tips for designing an outdoor enclosure, refer to this helpful guide on Habitat for Hermann’s Tortoise. Implementing these practices will help ensure that your tortoise enjoys a long, healthy life.
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Method Media Bermuda will present the documentary FABRIC: Portuguese History in Bermuda on Thursday, December 29 at the Underwater Research Institute of Bermuda.
A spokesperson said: “Method Media is proud to bring Bermuda Fabric: Portugal History to Bermuda for its 5th and 6th showing at the Bermuda Underwater Observatory. In November and December 2019, Cloth: A Portuguese Story in Bermuda had four sold-out screenings. Now that Bermuda has reopened after the pandemic, it’s time to bring the film back for at least two screenings.
“There are tickets Ptix.bm For $ 20 – sessions at 15:30 and 18:00. Both screenings will be followed by a short Q&A session.
Director and producer Milton Raboso says, “FABRIC is a definitive account of the Portuguese community in Bermuda and its 151 years of history, but it also places Bermuda, Acors and Portugal in the world history and the events that have fueled those 151 years.
“It took more than 10 years to implement FABRIC. The film was supported by the Minister of Culture, the Government of the Azores and private donors.
“Bermuda Media Method [MMB] Created in 2011 by producer Milton Raposo. MMB has created content for a wide range of clients: Bermuda’s new hospital renovation, reinsurance, travel campaigns, international sports and more. MMB pays special attention to artistic, cultural and historical content.
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CRISTANO RONALDO CAN MAKE UP A GIANT IN CARIOCA AND PORTUGUESE TECHNICIAN SAYS ‘There will be room’
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