Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.The Fedread more
The Fed chief said that despite reports that Trump was looking to demote or fire him, he doesn't plan on leaving anytime soon.The Fedread more
Federal Reserve Chairman Jerome Powell said on Wednesday that Facebook spoke to the central bank about the digital currency called LibraThe Fedread more
American Airlines is the first major U.S. airline to order Airbus' new long-range, single aisle aircraft.Paris Air Showread more
With bold and targeted steps, economists say, government can increase opportunity and incomes for many more people in ways that strengthen, not weaken, American capitalism.Politicsread more
Employees spoke out on issues such as forced arbitration, workplace equity and Project Dragonfly at Alphabet's annual shareholder meeting.Technologyread more
Beyond Meat has blown up. The plant-based meat company is now larger than 80 S&P 500 companies, including Macy's, Xerox and Mylan.Trading Nationread more
The deal for Perfect Bar's parent gives Mondelez a further foothold in snacking, as more people eat on-the-go.Food & Beverageread more
Chesley "Sully" Sullenberger told a congressional panel that pilots should receive simulator training before flying the Boeing 737 Max.Airlinesread more
New York Mayor Bill de Blasio and Sen. Cory Booker, D-N.J., both denounced Biden by name in a break with the practice most Democrats have followed on the trail thus far. De...Politicsread more
The winter storm rollming through the Northeast is on pace to be one of the biggest ever to hit the area. That will certainly lead to tweets like this one:
Let's just take a moment to remember that Trump is not alone. In fact, it's a scientifically proven fact that people's opinions of global warming—an issue reaching over years and decades and centuries—can change based on the weather of a single day.
Let's just say that again, to let it settle in. It's scientifically proven that the public will dampen its belief in global warming if the day they are being asked about it is colder than usual.
According a study published in the Journal of the American Meteorological Society, two scientists proved the connection:
The significant role that weather played in the short-term fluctuations in public opinion regarding global warming....
Individuals regularly refer to weather-related factors when explaining how they arrived at their conclusion that the planet is either warming or not warming....
Actual weather conditions, and specifically seasonal snowfall, shape the process by which individuals arrive at their conclusions regarding the existence of global warming.
Separate research at Yale showed that Americans were most likely to connect global warming to the weather during a record-high summer. And a different research report in Nature Climate Change also identified similar behavior:
Climate change judgments can depend on whether today seems warmer or colder than usual....
Previous research has demonstrated that this effect occurs....
Ultimately, we show that present temperature abnormalities are given undue weight and lead to an overestimation of the frequency of similar past events.
It's not just Americans who experience this short-term opinion whiplash, as this same pattern of behavior has been shown in other countries, such as Australia, too.
To be clear, the United Nations says "there is strong scientific consensus that the global climate is changing and that human activity contributes significantly to this trend," and the majority of Americans believe in climate change. Regardless of what you actually believe, don't let a single snowstorm in January affect it. The science on that is clear, too, that people like Trump are too easily swayed by a single day's weather.