America's housing shortage by the numbers
This story is the fourth in a four-part series. Click here for Parts 1 and 2, and click here for Part 3. The US is the homeless thing that is needed to meet population growth for over a decade, raising prices and shooting down the dreams of millions of buyers. Buying a starter home was […]
Trump rails against Fed chair: His 'termination cannot come fast enough'
President Trump denounced “too late” Federal Reserve Chairman Jerome Powell after warning that the economy is facing stags due to the president’s sweeping tariff agenda, adding that his ending won’t come soon enough. ” [European Central Bank] It is expected to cut interest rates of 7th Time, and yet “too late” Fed Jerome Powell is […]
Republicans consider increasing taxes on the rich in break from party orthodoxy
Congressional Republicans are considering increasing taxes on the rich as part of President Trump’s ambitious legislative priorities. The debate is in the early stages, and lawmakers say the final legislation may not make it. But the once-outlined tax hike considerations highlight the rise of party populist instincts when Republicans respond to competing demands from fiscal […]
Trump faces obstacles, steeper costs with manufacturing jobs push
President Trump’s push to move tens of thousands of manufacturing jobs to the United States has caused concerns and costs for many American industries, with economists expressing doubts about its long-term viability. The global decline in manufacturing employment is beginning to fade as some of Trump’s tariffs targeting major manufacturing inputs such as steel and […]
Markets drop as Powell warns of stagflation
The market jumped in Wednesday after Federal Reserve Chairman Jerome Powell painted a staggering picture of the risks facing the economy, warning of both growth and price rise as a result of the Trump administration’s tariff policy. The Dow Jones industrial average fell 700 points or 1.7% after starting the holidays with some profits. The […]
Thomson Reuters drops 'diversity' for 'inclusion' as Trump pressures press
Thomson Reuters said it would strip “diversity” from the company’s language and replace it with the word “inclusion” in order to comply with President Trump’s January executive order on diversity, equity and inclusion (DEI). The company is the parent company of Reuters International News Agency, providing technical services as a contractor to the federal government. […]
Zuckerberg underscores TikTok competition as Meta fights monopoly allegations
Meta CEO Mark Zuckerberg on Wednesday highlighted the social media company facing tough competition with Tiktok. Zuckerberg, who spent three days in the stands, said he has been thinking of Tiktok as the “best competitive threat” on Facebook and Instagram over the past few years. Meta’s lead lawyer Mark Hansen pointed to a 2020 email […]
Starbucks introducing new dress code for baristas, a move protested by some
(KTLA) – Local Starbucks baristas may soon sport a new, more consistent look after announcing this week’s dress code update. The changes, announced Monday, are part of CEO Brian Nicole’s efforts to overhaul images of the coffee chain with “simplified color options that can sparkle the iconic green apron.” Company website. “A more defined color […]
WTO warns of global trade decline amid Trump tariff war
The World Trade Organization (WTO) calls the trade war unleashed by President Trump a “crisis” and warns that if the situation “deteriorating”, things could get worse. Wednesday’s WTO Economist The forecast has been updated In 2025, we note that there was a “substantial downgrade” on commodity trading forecasts and a slight decline in the outlook […]
Newsom says California will sue over Trump tariffs
California Gov. Gavin Newsom (D) and Attorney General Rob Bonta (D) announced plans to surrender the Trump administration on Wednesday. The lawsuit, which is scheduled to be filed in the U.S. District Court for the Northern District of California, argues that the president is not authorized to impose sudden import taxes through the International Economic […]