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Day: May 7, 2024

Migration Drives Up Housing Costs in 13 Countries

According to pro-immigration business magazine Bloomberg, immigrants are contributing to rising per capita poverty in many developed countries, primarily due to rising housing costs. “Now, 13 economic zones. [with high immigration] Per capita rate for all developed countries [per-person] According to an independent analysis by Bloomberg Economics, the economy was in recession at the end […]

White House announces new steps to counter antisemitism, including on college campuses

The White House on Tuesday announced several additional measures aimed at curbing anti-Semitism on college campuses and elsewhere, amid heightened discrimination against Jews in the wake of last October’s terrorist attacks in Israel. The Biden administration has announced new measures to coincide with Holocaust Remembrance Day. President Biden will commemorate the day by speaking at […]

Stellantis to Make Hydrogen Ram Trucks in Mexico

Multinational automaker Stellantis plans to launch its first hydrogen-fueled vehicle for the U.S. market using the Mexican-made Ram 5500 truck. Stellantis executives announced The company’s hydrogen-fueled Ram 5500 heavy-duty pickup truck will be built in Mexico and sold in the U.S. market, with a focus on hydrogen-friendly California. “We have begun production of heavy-duty vehicles […]

Corporate Profits Say No to Rate Cuts

Shouts that American corporate profits won’t be cut anytime soon. Someone forgot to tell American companies that the stance of monetary policy is restrictive. Chairman of the Federal Reserve Board Jerome Powell Last week, he reiterated his view that current interest rates are restrictive, meaning they suppress economic activity and that he believes inflation should […]

The bananas sequence that led to Knicks’ Game 1 win over Pacers

The Knicks haven’t had things easy this postseason, but they have had an incredible knack for winning in the final minutes. Monday’s Game 1 win over the Pacers was no different, and it took a heart-stopping final 60 seconds of the fourth quarter for the Knicks to get on top. The Knicks trailed by five […]

Pacers stew over controversial calls in loss to Knicks

The Pacers broke the late lead after officials beat at least one late call, and likely one more. Indiana stumbled out of the Garden with a series-opening loss to the Knicks, only to simmer down after two last-minute decisions. One was at least dubious and the other was completely wrong. Aaron Nesmith received an erroneous […]

China hospital knife attack leaves at least 10 dead

BEIJING — Chinese state media reports a possible death in a knife attack at a hospital in the country’s southwest. More than 10 people were killed or injured in a “vicious assault” in Yunnan province on Tuesday, state news agency Xinhua said. Guizhou TV posted online, citing unnamed officials, that two people were killed and […]

Disney CEO succession, ABC turmoil and streaming key for investors

Craman Countdown panelists Robbie Whelan and Kenneth Leung explain Disney’s battle against Trian Partners. All eyes will be on Disney late Tuesday morning as the entertainment giant releases its long-awaited second-quarter results to investors. Bob Iger’s company said it plans to release results before the morning stock market opens. This marks a change from the […]