FT News Briefing Thursday, December 12
Dec 12, 2019
The Federal Reserve keeps interest rates steady, signaling no changes for 2020. Climate negotiations in Madrid face hurdles over carbon trading. The FAA's oversight of Boeing’s 737 Max raises concerns after findings show it was more accident-prone. Meanwhile, Aung San Suu Kyi grapples with her shift from human rights icon to a controversial defender amidst allegations of genocide in Myanmar. The podcast further contrasts the plight of the Rohingya with that of the Uyghurs, highlighting varying international responses to these urgent human rights issues.
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Fed Holds Rates Steady
- The Federal Reserve left interest rates unchanged and predicts no changes in 2020.
- They are showing more confidence in the U.S. labor market and less concern about inflation.
Climate Talks Stall
- Climate talks in Madrid are stalled over how to create a global carbon trading market.
- Countries disagree on a framework for exchanging carbon emission offsets or paying for emission-reducing projects.
FAA Delayed 737 MAX Grounding
- The FAA knew Boeing's 737 MAX was accident-prone before grounding it after the second crash.
- A study commissioned by the FAA showed the plane’s higher risk, yet they didn’t ground it after the first crash.