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Fed attacks inflation with its largest rate hike since 1994

WASHINGTON (AP) — The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three decades — and signaling more large rate increases to come that would raise the risk of another recession.

Independent booksellers grew in number, diversity in 2021

NEW YORK (AP) — Laura Romani, a Chicago-area resident with a background in education and library science, had been thinking of a new career. “I was at home a couple of years ago reflecting on all the experience I gained and how I wanted to contribute to the Latino community, while also allowing myself to be on my own and make use of my love for books and passion for multilingualism,” she says.

Italy creates new museum for trafficked ancient artifacts

ROME (AP) — Italy has been so successful in recovering ancient artworks and artifacts that were illegally exported from the country it has created a museum for them. The Museum of Rescued Art was inaugurated Wednesday in a cavernous structure that is part of Rome’s ancient Baths of Diocletian.

Texas pastor Bart Barber elected Southern Baptist president

ANAHEIM, California (AP) — Bart Barber is a staunch Southern Baptist conservative who would welcome bans on abortion, opposes critical race theory and believes only men should serve as pastors. Yet Barber, elected Tuesday as the new president of the Southern Baptist Convention, says he has a track record of dialogue with those who disagree on those and other issues.