News in :90 – April 26, 2024

U.S. Secretary of State Antony Blinken met Friday with Chinese President Xi Jinping and senior Chinese officials, stressing the importance of “responsibly managing” the differences between the United States and China as the two sides butted heads over a number of contentious bilateral, regional and global issues.

Talks between the two sides have increased in recent months, even as differences have grown. Blinken said he raised concerns with Xi about China’s support for Russia and its invasion of Ukraine, as well as other issues including Taiwan and the South China Sea, human rights and the production and export of synthetic opioid precursors.

Blinken sounded a positive note on recent progress made in bilateral cooperation, including in military communications, counternarcotics and artificial intelligence, on which the two sides agreed to start a dialogue on how to reduce risks from the rapidly emerging technology.

A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden’s re-election bid.

Friday’s report from the government showed that prices rose 0.3% from February to March, the same as in the previous month. It was the third straight month that the index has run at a pace faster than is consistent with the Fed’s 2% inflation target. Measured from a year earlier, prices were up 2.7% in March, up from a 2.5% annual rise in February.

After peaking at 7.1% in 2022, the Fed’s favored inflation index steadily cooled for most of 2023. Yet so far this year, the index has remained stuck above the central bank’s target rate. More expensive gas and higher prices for restaurant meals, health care and auto repairs and insurance, among other items, have kept the overall pace of price increases elevated.

Construction on the Lee and Penny Anderson Arena paused on April 16 until the City of St. Paul can assess the site’s building plans.

The pause came after members of the Advocates for Responsible Development filed appeals on Monday, April 15.

The appeal will be heard by the St. Paul Zoning Committee on Thursday, May 2, at 3:30 p.m.

Abby Madsen can be reached at mads3817@stthomas.edu.

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