Plus, why today’s Fed meeting really matters to Wall Street, home prices fall for the first time in a decade, and more. Email not displaying correctly?
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** The One-Minute Meeting
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A few years ago, the system that coordinates donated human organs, including livers, adopted new rules that send the organs to the neediest patients, even if they were far away. A new investigation by The Washington Post finds that poorer states have sent more organs to wealthier states as a result of the new rules but, “The analysis of data from federal health authorities found sharp declines in lifesaving surgeries in Puerto Rico and seven states, all but one Southern and Midwestern: Alabama, Louisiana, and Kansas, North Carolina, South Dakota, Iowa and Pennsylvania.”
Today the Federal Reserve will vote on whether to raise interest rates again. The vote is being closely watched by Wall Street, which expects another quarter of a percent increase. The Fed has dual pressures of trying to get inflation under control while also not adding to concern over the health of the U.S. banking system.
For the first time in a decade, home prices dropped last month. There probably is a connection to the fact that home sales soared last month, up 14%. Almost a fourth of home buyers were first-time buyers and more than one in five home purchases were paid for with cash.
Women are earning about 82 cents for every dollar men earn. It is a bit of a surprise because women made strides toward equality in the 1980s and 1990s, but women have not gained any traction at all toward pay equity for the last two decades. I will share Pew Research’s latest findings.
I want you to see a new device that police in more than 30 states are using to avoid being involved in high-speed chases. It launches a GPS device embedded in a wad of sticky goop. The GPS sticks to the fleeing vehicle as a tracking device to follow the suspect electronically. The police car fires out a dart and the whole thing looks like a Batman episode. But the company that makes the devices say that after 10,000 deployments not a single person has died, which is, of course, what happens too often the cops get involved in a chase.
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