r/manufacturingconsent

TL;DR: Warsh wants the Fed to judge inflation using Trimmed Mean PCE instead of Core PCE. That matters because Trimmed Mean PCE is currently much lower — about 2.36% versus 3.20% for Core PCE — making inflation look closer to target and giving the Fed more justification to cut rates.

https://www.brookings.edu/articles/what-are-trimmed-mean-and-median-inflation-rates-and-why-does-kevin-warsh-prefer-them/

https://preview.redd.it/umz0cl2rtt1h1.png?width=2000&format=png&auto=webp&s=c26b454e30f6c2bd4b7c27c3815b411724696b0a

##Residents of al-Bustan district told to make way for Kings Garden, with knocking down own houses cheaper option

At the bottom of a steep and densely populated valley just below Jerusalem’s old city walls, the earth has been shaken in recent weeks by jackhammers and bulldozers.

These have been the sounds of Jerusalem for decades as the Israeli state has relentlessly sought to stamp a uniformly Jewish identity on to the occupied east of the city, while erasing its Palestinian character.

Typically it is workers for the state and municipality at the wheel of the bulldozers, but in the al-Bustan neighbourhood, in the shadow of the 11th-century al-Aqsa mosque, the clamour is from a more recent development.

It is the sound of Palestinians demolishing their own family homes.

“This is something really hard. This is something bitter,” Jalal al-Tawil said as he watched a tractor he had hired, with a front loader at the front and jackhammer at the back, rip apart the last remnants of the house his father had built, which in turn had been on the site of his grandparents’ home.

The experience of demolishing his own family’s home and history had drained al-Tawil, but it came down to brutal economics. The Jerusalem municipality had told him it would cost him 280,000 shekels (£72,000) if its workers demolished the house. Hiring his own equipment and labour would cost al-Tawil less than a tenth of that.

“Also, if they do it, they will uproot the land and make a complete mess,” he said. For him it was like being given the choice between suicide or being murdered, he said.

More than 57 homes in al-Bustan, part of the larger Silwan district of East Jerusalem, have been demolished in the past two years with at least eight designated for demolition in the next few weeks. On the site a biblical theme park called the Kings Garden is to be built, supposedly where King Solomon took his leisure three millennia ago.

The park is designed to be part of a spreading, largely settler-driven, archaeological project focusing exclusively on Jerusalem’s Jewish past and centred on what has been called the City of David – despite the view of many Israeli archaeologists that the visible remains date to other eras, before and after King David’s iron-age reign.

##See also:

• US may ask Israel to put Palestinian tax money toward Trump's Gaza plan, sources say (Reuters)
• They Fled to Safety in Palestinian Territory, Then Settlers Attacked Again • Violent settlers are not merely clearing Palestinians from land under Israel’s control. They are attacking areas where Israel agreed to Palestinian self-governance. (New York Times)
• Israeli Real Estate Expo Advertising West Bank Settlements Returns to NYC • The controversial event and the NYPD’s response to resulting protests present a test for Mayor Zohran Mamdani. (The Intercept)

The Trump administration has consistently sought to justify the killings, which began during last year’s military buildup towards Venezuela, by arguing those targeted were “narco-terrorists” transporting drugs to the US.

But a joint effort by 20 journalists led by the Latin American Center for Investigative Journalism (CLIP) this week published the identities of 13 of those killed, some of whom showed no indication of involvement in drug trafficking.

Germany's intelligence service refers to the image of a watermelon slice as one of the identifying symbols of secular pro-Palestinian antisemitism and extremism. This appears as part of a new webpage on the website for Germany’s Federal Office for the Protection of the Constitution (the BfV) called 'Secular pro-Palestinian extremism.'