The Bank of England has practically abandoned its target of moving inflation down to 2 percent, saying it won't consider raising interest rates until unemployment falls below 7 percent, Karlsson writes. The move isn't likely to change much policy, but it is an explicit reminder that inflation rates have been above 3 percent since 2005.
Japanese bond yields have started to move up again, rising above the pre-'Abenomics' level to 0.91 percent, Karlsson writes, something that worries many Japanese officials. Private demand has collapsed as investors have increasingly started to believe that the Bank of Japan through its purchases will actually achieve its new stated inflation target of 2 percent, a slump in demand that some have called a "bond buyer's strike."
Brian Henley, Cameron Park Zoo's amphibian and reptile care supervisor, holds a two-headed baby rat snake in Waco, Texas, on Wednesday. A local zoo patron found the snake and gifted it to the zoo about two weeks ago. The snake will go on display to the public after a 90-day mandatory quarantine period.