911 Dispatcher, Police Officer Suspended for Role in Tamir Rice Shooting
CBS News – A 911 dispatcher who took a call that led to a white police officer’s fatal shooting of a 12-year-old black boy outside a recreation center has been suspended for eight days.
Police Chief Calvin Williams found in a disciplinary letter dated March 10 that Constance Hollinger violated protocol the day of the shooting of Tamir Rice, who had been playing with a pellet gun.
Cleveland safety director Michael McGrath also handed down a two-day suspension for police officer William Cunningham, who was working off-duty without permission at the Cleveland rec center where Rice was shot.
Courts to Hear Arguments Challenging New Travel Ban
Reuters – The courts have been asked in lawsuits challenging the ban to issue restraining orders that would prevent it from taking effect pending resolution of the litigation.
The new order, which temporarily bars the entry of most refugees as well as travelers from six Muslim-majority countries, was signed by the president on March 6, with a 10-day lag before it took effect.
It replaced an earlier, broader order that was signed amid much fanfare a week after Trump’s Jan. 20th inauguration. The first order temporarily banned travelers from seven countries in addition to most refugees and took effect immediately, causing chaos and protests at airports across the country and around the globe.
States and civil rights groups filed more than two dozen lawsuits against the first order, arguing it discriminated against Muslims and violated the U.S. Constitution.
Fed Poised to Revisit Inflation Forecast as Prices Pick Up
Bloomberg – The Federal Reserve has already achieved its 2017 inflation forecast. There’s just one catch: price gains are way ahead of schedule.
January’s headline personal consumption expenditure index rose to 1.9 percent, matching the figure Fed officials expected to see in the fourth quarter of 2017, based on the central bank’s summary of economic projections from December. Core prices stood at 1.7 percent, just below the Fed’s 1.8 percent forecast.
The fact inflation is moving up could spur policymakers to revise their outlook when they release a fresh set of projections on Wednesday. New Fed projections come out every other meeting.
The Financial Benefits of the EPA Data
the Guardian – For more than 25 years, Walter Hang has helped local governments, engineers and homeowners make sense of hazardous waste. To do that, he digs into the enormous data vault maintained by the US Environmental Protection Agency (EPA) and pinpoints information that is useful for his clients to assess the health and financial risks from nearby industrial properties and toxic waste sites.
Hang, who runs Toxics Targeting, now fears this trove of knowledge will become more difficult to access as the EPA’s newly minted chief, Scott Pruitt, begins a broad rollback of regulations and shrinks the agency’s staff. President Trump has vowed to weaken the EPA, contending that its rules for protecting public health stifle business development. The Trump administration has already eliminated or buried some information on EPA websites and moved to muzzle agency employees.
Oil Price Gain Could Snap Long Losing Streak With Supply Data
MarketWatch – Oil prices rebounded slightly Wednesday from their long streak of losses, even as production data risks keeping downward pressure on prices.
Despite the price gains, the sentiment largely remains gloomy on growing doubts whether the OPEC-Russia output-cut plan is delivering the expected results.
Investors are awaiting the weekly U.S. crude production and inventories report. A rise in either could knock prices down another notch.
Markets will also be monitoring the outcome of the two-day Federal Open Market Committee meeting, due for release at 2 p.m. Eastern. A decision to raise U.S. interest rates may boost the dollar, which would make dollar-denominated oil more expensive for foreign traders.