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The Federal Reserve raised interest rates for the first time in more than three years. Fed Chairman Kevin Warsh said in a press conference on Wednesday the decision to raise rates was to return inflation to the reserve’s 2% target in a “timelier” way. #US #news #economy #FederalReserve #money
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“We live in a generation where we are transferring value from energy into a fund that will fund pensions in the future. When oil prices go up and down, nothing goes into my budget—it goes into this fund,” says Jonas Gahr Støre, prime minister of Norway. “From that fund, we can spend 3% or less of interest a year. We have not spent any money from that fund—only part of the interest. It’s meant to be there for future generations. It basically is meant to be a fund there forever.”
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Indonesian motion designer Naufalrel Pandu creates digital experiments exploring typography, graphic design and movement. In Barely Working Clock, the familiar numbers of a clock no longer remain fixed in position. Instead, they stretch, rotate, flatten and drift around the screen, while only the moving hands preserve the basic idea of a functioning clock. The animation was created primarily in Cavalry, using oscillators, noise and repeating rectangular patterns, according to Naufalrel’s post. T
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