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Fed's Daly leaves door open to Bigger Rate Cut on further Labor Market Weakness
Investing.com -- San Francisco Fed President Mary Daly on Monday reinforced expectations for a rate cut next month and suggested that a bigger rate cut remains on a monetary policy table should the labor market weaken further.
"Hard to imagine anything that could derail Sept rate cut," Daly said in a Monday interview on Bloomberg.
The remarks followed Fed Chairman Jerome Powell's message last week at Jackson Hole, Wyo., when he declared that "the time has come to adjust policy," providing a clear signal that rate cuts are ahead.
While the a 25 basis point* rate cut at the September is expected as the most likely outcome, according to Investing.com's Fed Rate Monitor Tool, Daly suggested that further weakening in the labor market could force a bigger cut.
"If labor market weakens more than anticipated, we we would need to be more aggressive," she said.
(You can find the article & read the rest here)
*one basis point = one thousandth of a percent. A 25 basis point cut in the federal interest rate means the rate will be dropped -0.025%.
Dye in Doritos used in experiment that, like a 'magic trick,' created see-through mice
Doritos are a revered snack for many. Now, scientists have found one of the ingredients in the triangle-shaped tasty tortilla chips has a superpower – it can make the skin of mice transparent.
Researchers at Stanford University detail, in the Sept. 6 issue of the journal Science, how they were able to see through the skin of live mice by applying a mixture of water and tartrazine, a bright yellow-orange food coloring used in Doritos and other foods, drugs, and cosmetics.
The experiments arose from the quest for better methods to see tissue and organs within the body. The researchers chose tartrazine because the dye's molecules absorb blue and ultraviolet light, which makes it easier for light to pass through the mouse skin.
“For those who understand the fundamental physics behind this, it makes sense; but if you aren’t familiar with it, it looks like a magic trick,” said Zihao Ou, the lead author of the study who is now an assistant professor of physics at The University of Texas at Dallas, in a description of the research on the university's website.
After testing the dye on mice tissue samples and raw chicken breast, the researchers rubbed the dye and water solution onto the skulls and abdomens of the mice. As the dye was absorbed, within a few minutes they could see "the skin, muscle, and connective tissues transparent in live rodents," the researchers write in the journal article.
Once researchers wash off the dye, the mice lost their translucency and the dye is excreted through urine, according to the university site's description of the study. “It’s important that the dye is biocompatible – it’s safe for living organisms,” Ou said. “In addition, it’s very inexpensive and efficient; we don’t need very much of it to work.”
Before you start slathering yourself in Doritos – the coloring is used in several Doritos flavors including Nacho Cheese, Cool Ranch and Flaming Hot Nacho – tartrazine won't necessarily give humans a cloak of invisibility á la Harry Potter.
That's because human skin is about 10 times thicker than a mouse and it's not sure how much of the dye – or how it would be administered – is needed to work in humans, Ou said.
Researchers plan to continue investigating that and experiment with other substances that could outperform tartrazine.
“Optical equipment, like the microscope, is not directly used to study live humans or animals because light can’t go through living tissue," Ou said. "But now that we can make tissue transparent, it will allow us to look at more detailed dynamics. It will completely revolutionize existing optical research in biology.”
In an accompanying editorial article in the journal, biophotonics researcher Christopher Rowlands and experimental optical physicist Jon Gorecki, both at the Imperial College London, compare the finding to H.G. Wells' 1897 novel "The Invisible Man."
Combined with other techniques, the tartrazine development could result in "permitting deeper imaging than either could alone," they wrote.
Soccer player injured after ‘pretty hefty sneeze’
A soccer player in England has been ruled out with an injury after a “pretty hefty sneeze,” according to his head coach.
Victor Adeboyejo – who plays for Bolton Wanderers in League One, the third tier of English soccer – hurt his back due to the sneeze on Monday.
“Victor has been suffering with a nasty back injury and a sneeze set it off yesterday, believe it or not,” Bolton manager Ian Evatt told The Bolton News on Tuesday.
“We have had it scanned and should have the results very soon. Everyone remembers the challenge at Charlton, he was okay at the time. But then he had a pretty hefty sneeze,” he added.
“Victor is a powerful boy and even his sneezes are powerful!”
As a result, the Nigerian striker missed Tuesday’s game against Barrow, and it remains to be seen when he will make his return.
“He felt a bit of a crack in between his ribs and we are hopeful it is just a cartilage or muscular issue, but until we’ve had a good look at the scan, we won’t know,” Evatt said.
“I have to start having a long look at myself when players start getting injured sneezing. That is just the way things seem to be going at the moment, but we have to deal with it.”
The freak injury has come at a bad time for Bolton, which is already missing a number of other players and is struggling in the division following its loss to Oxford United in the play-off final last season.
Adeboyejo becomes the latest name on a list of the sport’s most bizarre injuries. In 2009, Glasgow Rangers defender Kirk Broadfoot required hospital treatment after an egg he had poached in his microwave exploded and scalded his face.
In 1995, meanwhile, Croatian striker Milan Rapaić missed the start of the preseason having accidentally poked himself in the eye with his boarding pass while waiting for a flight.
More recently, Tunisian Rami Kaib was sidelined for five weeks in 2021 after he broke his jaw eating a carrot.
King experiences temporary side effects of cancer treatment
King Charles III spent a short period of time in hospital on Thursday after experiencing temporary side effects during cancer treatment, Buckingham Palace said.
The King returned to Clarence House, where he was said to be continuing to work on state papers and make calls from his study. He has cancelled a tour of Birmingham on Friday, acting on medical advice.
Charles, 76, had planned to travel to the city for a busy schedule of engagements, which included four events.
The palace first announced the King's cancer diagnosis in February 2024.
A Buckingham Palace spokesperson said meetings with three ambassadors on Thursday were also affected.
"Tomorrow, he was due to undertake four public engagements in Birmingham and is greatly disappointed to be missing them on this occasion," the palace's statement added.
"He very much hopes that they can be rescheduled in due course and offers his deepest apologies to all those who had worked so hard to make the planned visit possible."
A palace source described it as a "most minor bump in a road that is very much heading in the right direction".
The palace did not provide further information over what his side effects were.
Queen Camilla attended a reception in Wembley, north London on Thursday and did not join the King during his brief stay at hospital.
After the palace released the news, a spokeswoman for Prime Minister Sir Keir Starmer said he "wishes His Majesty the King all the very best".
The underlying message from the palace is one of reassurance – with the postponement of the visit to Birmingham presented as a brief setback against an otherwise optimistic picture on the King's health.
There was no drama, they went to the London Clinic hospital in central London in a car and not an ambulance, and the late night announcement followed a decision that it was wiser to postpone Friday's visit.
It might also have seemed wiser to get ahead of the news and remain transparent about a minor problem, rather than make it a major event with a last-minute cancellation.
His cancer treatment is ongoing but the King has seemed keen not to be defined by his illness. He seems to thrive on meeting crowds and has shown no signs of slowing down, with a full set of engagements.
In recent weeks, he has been on a trip to Northern Ireland, he launched a playlist of favourite music and attended the Commonwealth Day service, having missed it last year after his cancer diagnosis.
The King has been centre-stage in recent weeks, unexpectedly involved in global diplomacy.
After inviting President Donald Trump for a second state visit to the UK, the King then showed solidarity with Ukraine's President Volodymyr Zelensky after his disastrous meeting with Trump in the White House.
He also gave a warm welcome to Mark Carney, Canada's new prime minister, whose country has been under pressure from Trump.
None of that suggested that the monarch was running out of energy. And the postponement of the state visit to the Vatican, announced earlier this week, had been about the health of Pope Francis rather than the King - with the rest of the visit to Italy expected to go ahead.
While recognising that it is impossible to rule out any further health problems, the message from Buckingham Palace is that the King is expected to be back to normal in terms of his diary next week.
The King's wider state visit to Italy is also set to continue in April with some alterations to the planned programme, the palace said this week.
The palace has never disclosed what type of cancer the King has. He returned to public duties last April after a period of treatment and recuperation.
https://www.bbc.com/news/articles/c3vwgq24klxo