TUESDAY’S MINI-REPORT…. Today’s edition of quick hits:
* The Federal Reserve’s confidence in the economic recovery has faded to the point that it will now “use the proceeds from its huge mortgage-bond portfolio to buy long-term Treasury securities.”
* Paul Krugman reacts: “The Fed’s current policy is grossly inadequate, logically bizarre, and slightly — but only slightly — encouraging…. [I]t was, literally, the least the Fed could do.”
* Rep. Charlie Rangel (D-N.Y.) doesn’t appear to be going anywhere anytime soon.
* In Afghanistan, the number of civilians being killed rose 25% in the first six months of 2010, mostly at the hands of Taliban insurgents.
* Good public health news: “The H1N1 pandemic has officially ended, the World Health Organization declared Tuesday.” Don’t underestimate the importance of competent government agencies acting effectively.
* The House today approved a $600 million border security bill, but some jurisdictional issues means the Senate will have to vote on it again. The Senate interrupting its August recess to approve the measure is a possibility.
* Google and Verizon voice support for rules that would limit net neutrality when it comes to mobile phones.
* Sen. Tim Johnson (D-S.D.) is reportedly resting comfortably after surgery today to remove his gallbladder.
* This really isn’t a healthy development: “Americans now owe more in student loans than they do on their credit cards.”
* How misguided is the Republican campaign against the 14th Amendment? Fox News analyst Judge Andrew Napolitano blasted GOP leaders on the air today.
* And this isn’t especially political, but I absolutely loved the story about a young woman quitting her job through 33 cleverly-written erase-board messages. [Update: Darn, it’s a hoax. It was amusing, but alas, it wasn’t true. Sorry.]
Anything to add? Consider this an open thread.