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RATTLED BY TRUMP, US ALLIES EYE JAPAN'S BIGGEST ARMS OPENING SINCE WW2
Japan's imminent easing of arms export rules has sparked strong interest from Warsaw to Manila, Reuters reporting found, as President Donald Trump wavers on security commitments to allies and the wars in Iran and Ukraine strain U.S. weapons supplies. Prime Minister Sanae Takaichi's ruling party approved the changes this week as she tries to invigorate the pacifist country's military industrial base. Her government will formally adopt the new rules as soon as this month. Le
2 days ago1 min read


SWALWELL DEPARTURE HELPS DEMOCRATS NARROW FIELD IN CALIFORNIA RACE
The departure of California gubernatorial candidate Eric Swalwell helps Democrats narrow the field in a June primary election, which could hurt Republicans who had been leading the race to succeed Gavin Newsom. Swalwell, 45, left the race and the U.S. Congress after reporting by the San Francisco Chronicle and CNN that a former staffer accused Swalwell of sexual assault and three other women came forward with allegations of sexual impropriety. A fifth woman later accused
2 days ago1 min read


REGIONAL FED BANKS MAY BE KEY FRONT IN BATTLE FOR CENTRAL BANK'S INDEPENDENCE
San Francisco Federal Reserve President Mary Daly wasn't elected by popular vote, wasn't chosen by an elected official, didn't compete against a publicly revealed slate of applicants and didn't undergo any public vetting before her bank's board of directors gave her a job that helps shape the U.S. economy. Still, Daly says she regards herself and the 11 other Fed regional bank presidents as mainstays of U.S. central bank independence, which remains under threat. Learn More
2 days ago1 min read
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