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Daytime CurfewWithout explicitly doing anything wrong, younger Americans can be scooped up by police officers and detained just for showing their faces in public. They will be involuntarily taken to juvenile detention centers which the city affectionately calls "connection centers."Evening Curfew
- 7:30 a.m. to 3:00 p.m. on weekdays - People under 16 years old subject to detention.
- 9:00 p.m. to 6:00 a.m. any night - People under 14 years old subject to detention.
- 10:00 p.m. to 6:00 a.m. on weekdays - People ages 14-16 subject to detention.
- 11:00 p.m. to 6:00 a.m. on weekends and summer nights - People ages 14-16 subject to detention.
The European Central Bank (ECB) took the unprecedented step Thursday by imposing a negative interest rate on banks for their deposits - in effect charging lenders to park money with it.Business Insider announced 'The Era Of Negative Interest Rates Has Begun' and noted:
The move was part of a series of measures to combat the euro zone's growth-sapping disinflation and give a push to its stuttering economic recovery.
Specifically, the ECB cut the deposit rate to -0.1%, from 0.0%, effective June 11.This development, while perhaps something new in a de jure kind of way, is really not a significant change in the de facto status quo in which central banks, most notably the ECB and the Fed, are continually seeking to jumpstart economies by inflating the money supply. Of course, they've been trying to jumpstart things for nearly six years, but surely this latest move will work like a charm.
This is a historic development, as it's the first time a major central bank has cut any main interest rate to negative in a bid to spur lending and spending.
The idea is that if banks aren't being rewarded with a good deposit rate by parking their reserves at the central bank, then they will be more likely to lend it to households and businesses.
Comment: Abuse endemic in Irish boys' schools, says independent report