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Japan Nikkei closes above 30K mark

At closing bell, the 225-issue Nikkei Stock Average advanced 496.57 points, or 1.67%, to 30,168.27.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange added 23.16 points, or 1.22%, to 1,926.23.
Federal Reserve Chair Jerome Powell reiterated in a second day of testimony in Washington that the Fed s promise to get the U. S. economy back to full employment and to not worry about inflation unless prices rose in a persistent and troubling way.
CURRENCY NEWS: The Japanese yen traded at 106.05 per dollar, having weakened from levels below 105.6 yesterday.
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US Stocks extend losses

The US stocks closed lower on Monday, 22 February 2021, as investors continued to book recent profit amid concerns about the impact of the recent increase in treasury yields and on caution ahead of Congressional testimony by Federal Reserve Chair Jerome Powell.
At the close of trade, the Dow Jones Industrial Average index rose 27.37 points, or 0.09%, to 31,521.69. The S&P500 index fell 30.21 points, or 0.77%, to 3,876.50. The tech-heavy Nasdaq Composite Index dropped 341.41 points, or 2.46%, to 13,533.05.
The sell-off came as the yield on the benchmark ten-year note saw further upside on the day, reaching its highest closing level in a year. The yield on the benchmark 10-year US Treasury note is around 1.37%, its highest in a year, having doubled in the space of six months. ....

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Pamplin Media Group - OPINION: It's time to strip 'Black Codes' from the U.S. Constitution

January 15 2021
Oregon U.S. Sen. Jeff Merkley will again seek to end the legacy of a clause long used as a tool of control over people of color.
America was founded on beautiful principles of equality and justice. And our nation was also founded on horrific realities of slavery and white supremacy. If we are ever going to fully deliver on our founding principles, we have to directly confront those gruesome realities.
One deeply disturbing reality is that when our nation ratified the 13th Amendment to abolish slavery, it included an exception. In the second clause, often referred to as the Punishment Clause, are the words that allowed thousands of Black Americans to be re-enslaved during and after reconstruction, and set off a chain reaction that has destroyed the lives of generations of Black Americans: except as a punishment for crime … ....

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