The Fed has shrunk enough for now, and has no intention of going all the way back to its more modest profile of the early 2000s, Harker made clear: “We intend to end the balance sheet runoff in September, resuming the reinvestment of all principal payments. Paydowns from [mortgage-backed securities, up to] $20 billion per month, will be reinvested into [U.S. Treasury bonds], which is consistent with our long-standing plans to hold primarily Treasuries in our portfolio.” That will still leave Fed reserves “above the level needed to efficiently and effectively implement monetary policy.” … [Read more...] about Philly’s Harker says the Fed will go easy on the economy, as U.S. business investment slows
My daughter came home from school one day with a piece of black yarn taped to her shirt. I started to worry.It was our first week sending our kids to a public Montessori school, and while I knew a bit about the educational model, the mildly ominous symbol raised a question that I know other parents have asked before: Is this some kind of cult?I can now report with some confidence that, no, Montessori schooling is not a cult. They just do things differently.My daughter was 3 years old at the time, so she didn't offer much in the way of explanation when I asked about the yarn. As her teacher later explained to me, the students were learning about controlling their speaking voices, and the teacher had held up long threads to represent loud voices and short threads to represent quieter tones. They kept the yarn as a reminder.I've learned that voice control was an important early lesson because students are expected to spend hours a day concentrating on self-directed work. Particularly in … [Read more...] about South Carolina has a lot of Montessori schools. Are they a good idea for your kid?
COLUMBIA — At least it wasn’t just one Palmetto State college basketball coach who didn’t think Dalzell’s Ja Morant was worth a scholarship. They all missed out on a late-blooming surefire NBA star.Even South Carolina’s Frank Martin, who came in too late with Morant’s only offer from a major conference school.And you can’t blame Spartanburg’s Zion Williamson for picking Duke over Clemson and South Carolina.Would you be mad at your future zillionaire son for saying "Yes" to Mike Krzyzewski and an international brand that came through Sunday night with a nick-of-time 77-76 victory over No. 9 UCF at Colonial Life Arena that stands as the highlight of this NCAA Tournament?But if someone dreamed up a combo as crazy as orange, vanilla and Coca-Cola, it’s OK to wonder how Zion, Ja and the Gamecocks might fare in a taste test.Or Ja, Zion and Clemson.South CarolinaReality: No Gamecocks in postseason play. But so many visitors in town … [Read more...] about Sapakoff: What if Zion and Ja played for South Carolina or Clemson?
The sights and sounds of spring in the Lowcountry are met each year with a great deal of expectation.It’s not like we’ve been unable to venture outdoors for the last four months. Winters here are typically cold and wet but seldom ultra frigid.As spring arrives, it brings new colors, fresh growth and changes in attitude in this popular latitude.Spring also provides a chance to roll down the window, go for a drive and appreciate the surroundings bursting with life.After living here for nearly 55 years, I definitely can cite you chapter and verse as it relates to the smells and sounds of spring. It’s just one more reason to be thankful this is home.Sounds of the seasonChirping birds and their songs that seem to welcome the rising sun certainly are worthy of mention. It can sometimes feel like a personal serenade in your own backyard that signals the start of another day.I’m hardly a bird-watcher and definitely don’t know the difference between a crow and a … [Read more...] about Peper column: Spring in Charleston brings nostalgia along with the delight of fresh scents
WASHINGTON – What came out on Sunday regarding Special Counsel Robert Mueller’s Russia probe conclusions is not the end of the story. Think of it like this: It’s the end of a very important chapter in a book of undetermined length about the Trump presidency. Mueller’s investigation handed President Donald Trump a win in concluding no one on his campaign — or anyone associated with it — conspired or coordinated with Russia while also declining to exonerate him on the matter of obstruction of justice — still, a pretty good outcome. Trump, however, could not get through Sunday afternoon without overstating and distorting the findings on the matter of obstruction, claiming — incorrectly — that he was totally vindicated, which is not true. The public got a glimpse at the conclusions of Mueller’s Russia probe in a four-page summary letter prepared by Trump’s new attorney general, William Barr, and released on Sunday to … [Read more...] about Mueller report: Not the end of the story, despite what Trump says